Beijing Jingkelong Co. Ltd. Class H · HKEX:814
Beijing Jingkelong Co. Ltd. Class H — FY2021 Earnings Presentation
18 slides from Beijing Jingkelong Co. Ltd. Class H's earnings presentation, Mar 30, 2022
Slide 1: 2021 Annual Results
2021 Annual Results March 30, 2022
Slide 2: Agenda
Agenda Financial Review Business Review Prospects Appendix
Slide 3: Financial Review
Financial Review
Slide 4: Financial Summary
Financial Summary 2021 2020 Change (RMB’000) For the year ended 31 December Principal operating income 10,100,312 11,000,471 ‐8.2% Gross profit 1,209,169 1,290,315 ‐6.3% Operating profit 46,237 155,868 ‐70.3% Net profit attributable to shareholders ‐22,474 54,661 ‐141.1% Basic earnings per share (RM
Slide 5: Impact of Change in Leasehold Policy
Impact of Change in Leasehold Policy New Policy Original Policy Impact (RMB’000) Jan‐Dec 2021 Jan‐Dec 2021 Jan‐Dec 2021 Selling expenses 1,610,844 1,641,907 ‐31,063 including: depreciation 271,826 85,675 186,151 rental expenses 17,008 234,222 ‐217,214 Financial expenses 144,828 95,109 49,719 Gains o
Slide 6: Principal Income & Cost Analysis
Principal Income & Cost Analysis Breakdown of Principal Breakdown of Gross Profit Gross Profit Margin Operating Income (RMB’m) (RMB’m) 11,000.4 10,100.3 15.2 ‐ ‐19.7% 12.5 1,290.3 1,209.2 6,697.8 + 2.2% 1.2 6,843.8 +250.0% 4.6 553.9 632.2 +14.1% 11.70% 12.00% 4,287.4 ‐24.3% 735.2 ‐22.2% 3,244.0 572.
Slide 7: Cost Breakdown
Cost Breakdown (RMB ‘000) 2021 2020 Change Selling and distribution expenses 1,610,844 1,745,482 ‐7.7% Administrative expenses 283,286 250,278 +13.2% Selling and distribution expenses & administration expenses) / revenue 18.8% 18.1% +0.7p.p from principal business Including: • Marketing expenses 523
Slide 8: Operation Cycle
Operation Cycle Retail Business Wholesale Business For the year ended 31 December 2021 2020 2021 2020 Inventory turnover days 38 33 71 69 Debtor turnover days 5 3 49 58 Creditor turnover days 74 63 38 38 7
Slide 9: Business Review
Business Review
Slide 10: Retail Operation
Retail Operation Number and net operating area of retail outlets as at 31 December 2021 Department Hypermarkets Supermarkets Convenience Total Stores Stores Number of retail outlets: Directly ‐operated 1 10 54 84 149 Franchise‐operated 12 12 Total 1 10 54 96 161 Net operating area (square meters): D
Slide 11: Revenue Breakdown of Retail Operation
Revenue Breakdown of Retail Operation (RMB’ m) 4,287.4 Gross Profit Margin* 13.1 3,244.0 380.2 17.4% ‐26.1% 17.0% 12.2 280.9 2,732.5 ‐24.5% 2,062.5 2020 2021 ‐23.5% • Refers to the GP margin of directly‐operated 1,161.6 hypermarkets, supermarkets and convenience stores. 888.4 2020 2021 Hypermarkets
Slide 12: Retail Business Review
Retail Business Review Rooted in “Goods + Services”, enhance commodity profitability Introduced category management Strengthened live and fresh produce supply chain management Higher marketing and service level Launched “Wechat Service Group” at store level Created reasons for customers to v
Slide 13: Wholesale Business Review
Wholesale Business Review Revenue from principal business* Gross Profit Margin* (RMB million) +1.2% 8.8% 7.8% 7,098 7,185 2020 2021 2020 2021 * Refers to revenue from principal business recognized by Chaopi Trading and its subsidiaries including intersegment sales 12
Slide 14: Wholesale Business Review
Wholesale Business Review Orderly optimized the operating system building Continued to adjust the commodity mix by introducing new suppliers and new products. Further strengthened in‐depth cooperation with major e‐commerce platforms and explored emerging e‐commerce players. Promoted steady devel
Slide 15: Prospects
Prospects
Slide 16: Development Strategy
Development Strategy In 2022, along with effective control over the pandemic and the unremitting efforts in economic recovery, the world economy and China’s economy are rebounding in fluctuations. However, there are still challenges in growth rate fall, weak tenacity, faster aging, and green transfo
Slide 17: Appendix
Appendix
Slide 18: Appendix I: Shareholder Structure
Appendix I: Shareholder Structure Chaofu Company Other Domestic H Shares Shares * 40.61% 15.20% 44.19% * 9.9% Domestic Shares are held by the senior management and employees. 17