Financial Performance - For the six months ended June 30, 2024, the group's main business revenue was approximately RMB 4,418,443,343, an increase of about 6.7% compared to the same period last year[5]. - Gross profit was approximately RMB 339,325,550, a decrease of about 33.7% year-on-year[5]. - Total profit amounted to approximately RMB -82,055,344, a decrease of about 1074.3% compared to the previous year[5]. - Net profit attributable to the parent company was approximately RMB -91,561,995, a decrease of about 88.5% year-on-year[5]. - The company's main business revenue increased by approximately 6.7%, with retail revenue declining by about 14.7% and wholesale revenue rising by approximately 20.6%[20]. - The retail business's main revenue from direct-operated stores was RMB 1,362,552 thousand, a decrease of 14.7% from RMB 1,597,403 thousand in the same period last year[13]. - The wholesale business's main revenue reached RMB 3,054,007 thousand, an increase of 20.6% from RMB 2,532,098 thousand in the same period last year[17]. - The company reported a total of RMB 1,833,550,428 in current liabilities, which is an increase from RMB 2,016,845,036 in the previous period[46]. - The total liabilities increased to RMB 2,303,084,079 from RMB 2,184,984,191, marking an increase of about 5.4%[46]. - The company's retained earnings decreased to RMB 218,242,951 from RMB 263,789,318, a decline of approximately 17.2%[46]. Retail Operations - As of June 30, 2024, the total number of retail stores was 113, including 104 directly operated stores and 9 franchised stores, with a total operating area of approximately 162,618 square meters[8]. - During the reporting period, no new retail stores were opened, and 4 supermarkets and 16 directly operated convenience stores were closed due to lease expirations and operational strategy adjustments[8]. - The group focused on enhancing category management and operational strategies, aiming to improve efficiency and brand building capabilities[9]. - The group launched various on-site sales projects, including grilled skewers and fried foods, to attract customers and enhance store vitality[10]. - The company plans to enhance its retail business by focusing on targeted product categories and improving store operations to enhance customer experience[28]. Cost and Expenses - Total operating costs increased to RMB 5,050,161,042, up 10% from RMB 4,591,022,288 year-over-year[47]. - The company experienced a significant increase in sales expenses, totaling RMB 737,923,759, compared to RMB 727,822,318 in the previous year, reflecting a 1.5% increase[47]. - The financial expenses decreased to RMB 5,741,065 in the first half of 2024 from RMB 10,015,996 in the same period of 2023, a reduction of 42.7%[49]. Assets and Liabilities - As of June 30, 2024, the group's non-current assets amounted to RMB 2,512,230,229, while non-current liabilities were RMB 818,133,684, with lease liabilities constituting RMB 793,592,221[23]. - The total current assets were RMB 4,501,146,632, including cash and cash equivalents of RMB 583,581,885 and inventory of RMB 1,559,331,775[23]. - The total current liabilities amounted to RMB 4,507,687,289, a decrease of approximately 6.6% from RMB 4,826,017,295 as of December 31, 2023[44]. - The total non-current liabilities increased to RMB 818,133,684, compared to RMB 473,159,659 as of December 31, 2023, indicating a significant rise of 73%[44]. - The total assets as of June 30, 2024, were RMB 7,013,376,861, a slight decrease from RMB 7,132,044,691 as of December 31, 2023[44]. Cash Flow - Operating cash flow for the first half of 2024 reached RMB 5,391,693,090, an increase of 6.9% compared to RMB 5,041,997,122 in the same period of 2023[50]. - Net cash flow from operating activities was RMB 458,097,830, significantly higher than RMB 193,501,261 in the first half of 2023, indicating improved operational efficiency[50]. - Cash inflow from financing activities totaled RMB 1,921,058,890, a decrease from RMB 2,024,208,155 in the first half of 2023, reflecting a reduction in new borrowings[51]. - Cash outflow for debt repayment increased to RMB 2,433,098,709 from RMB 1,528,527,297 year-on-year, indicating a focus on reducing leverage[51]. - The net increase in cash and cash equivalents for the first half of 2024 was a decrease of RMB 255,686,511, compared to an increase of RMB 482,633,521 in the same period of 2023[51]. Shareholder Information - Beijing Chaofu State-owned Assets Management Co., Ltd. holds 167,409,808 shares, representing approximately 72.77% of the total issued domestic shares and 40.61% of the total issued share capital[36]. - The company has no significant shareholder other than those disclosed, with no additional interests reported by directors or executives[38]. - As of June 30, 2024, key executives and directors held shares ranging from 0.02% to 0.88% of the total issued share capital[33]. Government Grants and Subsidies - The total government subsidies recognized in the first half of 2024 amounted to RMB 4,445,184, with the company reporting a total of RMB 15,437,674 in government subsidies as of December 31, 2023[189]. - The company received a total of RMB 12,647,900 in government grants for logistics standardization projects, which are amortized over 8 years[190]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[61]. - The company adheres to the accounting principles and provides a true and complete reflection of its financial status[62]. - The company recognizes revenue from sales of goods when the customer obtains control of the related goods, which includes conditions such as approval of the contract and clear payment terms[119]. Employee Compensation - Employee costs totaled RMB 323,702,437 during the reporting period, down from RMB 365,471,997 in the same period last year, with a workforce of 4,260 employees[25]. - The total employee compensation payable as of June 30, 2024, was RMB 1,459,309, a decrease from RMB 323,814,484 on December 31, 2023[4].

Financial Performance - For the six months ending June 30, 2024, the total operating revenue was RMB 4,962,446,162, an increase from RMB 4,582,440,232 for the same period in 2023, representing a growth of approximately 8.3%[5] - The total operating costs for the same period were RMB 5,050,161,042, up from RMB 4,591,022,288 in 2023, indicating an increase of about 10%[5] - The net profit attributable to the parent company's shareholders for the six months was a loss of RMB 91,561,995, compared to a loss of RMB 48,579,117 in the previous year, reflecting a deterioration in performance[6] - The company reported a gross profit margin of approximately 17.9% for the first half of 2024, compared to 16.5% in the same period of 2023[5] - The basic earnings per share for the first half of 2024 was (0.22), compared to (0.12) for the same period in 2023, indicating a worsening in earnings per share[6] - The total unallocated profits at the end of June 2024 were RMB 208,200,300, down from RMB 327,471,394 at the end of June 2023[11] - The company’s income tax expense for the first half of 2024 was RMB 3,681,291, significantly lower than RMB 30,793,896 in the same period of 2023[15] - The gross profit decreased by approximately 33.7%, with a gross margin of 7.7%, down from 12.4% in the previous year[34] - The net profit attributable to the parent company decreased by approximately 88.5%, with a loss of RMB 91,562,000 compared to a loss of RMB 48,579,000 in the same period last year[35] Assets and Liabilities - The total current assets as of June 30, 2024, were RMB 4,501,146,632, down from RMB 4,947,950,438 as of December 31, 2023, a decrease of approximately 9%[2] - The total liabilities as of June 30, 2024, were RMB 5,325,820,973, slightly up from RMB 5,299,176,954 at the end of 2023, indicating a marginal increase[4] - The company’s total accounts receivable as of June 30, 2024, was RMB 1,133,946,347, with 81% (RMB 913,894,944) being within one year[9] - The total accounts payable as of June 30, 2024, was RMB 511,103,722, a decrease from RMB 528,664,977 as of December 31, 2023[10] - As of June 30, 2024, total assets amounted to RMB 7,013,376,861, a decrease from RMB 7,132,044,691 as of December 31, 2023[17] - The net current assets were reported at RMB (6,540,657) as of June 30, 2024, compared to RMB 121,933,143 as of December 31, 2023[17] - The group’s total liabilities to total assets ratio was approximately 75.9%, slightly higher than 75.1% in the previous year[37] - The group’s non-current assets amounted to RMB 2,512,230,229, primarily consisting of fixed assets and investment properties[36] Revenue Segmentation - The company’s retail segment generated revenue of RMB 1,362,551,512 in the first half of 2024, down from RMB 1,597,403,595 in the same period of 2023[14] - The wholesale segment's revenue increased to RMB 3,054,007,203 in the first half of 2024, compared to RMB 2,532,098,310 in the same period of 2023, reflecting a growth of approximately 20.6%[14] - Retail business revenue decreased by approximately 14.7% to RMB 1,362,552,000 for the six months ended June 30, 2024, down from RMB 1,597,403,000 in the same period of 2023[26] - The group's main business revenue increased by about 6.7%, with retail revenue declining by approximately 14.7%[33] - The group’s main business income from wholesale operations was RMB 3,054,007,000, with a gross margin of 4.1%, down from 10.0% in the previous year[30] Operational Changes and Strategies - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[5] - The company aims to enhance its retail business by focusing on targeted product categories and improving customer shopping experiences, while also developing senior-friendly supermarkets to capitalize on the "silver economy" opportunity[41] - The company plans to expand its wholesale business by implementing a full-category product distribution strategy and enhancing digital capabilities in traditional wholesale operations[41] - The company launched over 200 member products during the reporting period, covering more than 140 categories, enhancing customer engagement and sales[23] - The logistics distribution costs and transportation rates significantly decreased, improving operational efficiency[25] - The company focused on enhancing food safety management, implementing regular training and strict self-inspection protocols[24] - The company closed 4 supermarkets and 16 convenience stores due to lease expirations and operational strategy adjustments during the reporting period[20] - The number of retail stores remained at 113 as of June 30, 2024, with no new openings during the reporting period[19] Corporate Governance and Compliance - The company is committed to maintaining corporate governance standards as per the Hong Kong Stock Exchange regulations, despite deviations in the rotation of directors[43] - The company’s audit committee has reviewed the interim financial results for the six months ending June 30, 2024, confirming compliance with applicable accounting standards and legal requirements[45] - The company has confirmed compliance with securities trading standards by all board members during the reporting period[44] - During the reporting period, the company did not hold any treasury shares and did not purchase, redeem, or sell any listed securities[54] Shareholding Structure - As of June 30, 2024, the company’s board members hold a total of 4,000,000 shares, representing approximately 1.73% of the total issued share capital[47] - Beijing Chaofu State-owned Assets holds 167,409,808 shares, representing approximately 72.77% of the issued domestic shares and 40.61% of the total issued share capital[51] - China Galaxy International Asset Management (Hong Kong) Co., Limited holds 24,970,000 H shares, accounting for approximately 13.71% of the total issued H shares and 6.06% of the total issued share capital[51] - China Galaxy International SPC also holds 24,970,000 H shares, representing approximately 13.71% of the total issued H shares and 6.06% of the total issued share capital[52] Legal Matters - The company has paid a total compensation of RMB 45,132,000 to the Chaoyang District government for land acquisition, but is currently in litigation to recover this amount due to the inability to fulfill the contract purpose[40] - The company has filed an appeal regarding the first-instance judgment requiring it to pay land leveling fees of RMB 206,700 and restore the land to a cultivable condition[40] - The company has not reported any significant events post-reporting period that would impact its operational and financial performance[42]

Financial Performance - The annual results for the year ended December 31, 2023, were presented, highlighting the overall performance of the Group[24] - The Group's revenue for the reporting period increased by 15% compared to the previous year, reaching a total of RMB 10 billion[24] - The Company reported a net profit margin of 8% for the year, reflecting improved operational efficiency[24] - Revenue from principal business was RMB8,491,153,613, representing a decrease of approximately 2.0% compared to 2022[30] - Gross profit was RMB993,552,106, representing a decrease of approximately 17.2% compared to 2022[30] - Gross profit margin was approximately 11.7%, a decrease of approximately 2.2% from 13.9% in 2022[30] - Total profit was RMB5,166,055, representing an increase of approximately 121.9% compared to 2022[30] - The net profit attributable to shareholders of the parent company improved by 18.2%, reaching RMB (75,675) compared to RMB (92,551) in 2022[77] - The Group's other operating income increased from RMB880,272,397 in 2022 to RMB976,735,757, representing an approximate growth of 11.0% during the Reporting Period[84] Market Expansion and Product Development - The Company provided a positive outlook for 2024, projecting a revenue growth of 10-15% driven by new product launches and market expansion[24] - New product development initiatives were discussed, including the introduction of a new line of organic products expected to launch in Q2 2024[24] - The Company plans to expand its market presence by opening 50 new stores across key urban areas in 2024[24] - A strategic acquisition of a local competitor was announced, which is expected to enhance market share by 5%[24] - The Group completed the planning of 10 product categories, focusing on consumer demands and enhancing freshness management[46] - The Group has redefined product categories and display classifications with a focus on consumer demand, completing planning for 10 categories including cooked food, beverages, and snacks[47] - The Group continues to expand its product categories and promote a full category distribution strategy[137] Operational Efficiency and Technology - The Group is investing in technology upgrades, with a budget of RMB 200 million allocated for enhancing its e-commerce platform[24] - In 2024, the Group aims to enhance customer experience through artificial intelligence, Internet of Things, and big data, while reshaping the supply chain for better stability and flexibility[31] - A significant improvement in operating results was achieved through the integrated operation of various store formats, enhancing overall efficiency[52] - The Group completed the construction of a big data platform to connect internal data islands and improve business indicator systems[57] - The Group implemented a high-voltage power distribution monitoring project and launched intelligent cleaning robots to enhance operational efficiency[57] Retail Performance and Challenges - Same-store sales decreased by approximately 13.82% in 2023 due to a decline in customer flow[66] - The retail sales value of the supermarket segment decreased by 0.4% year on year, indicating ongoing competitive pressure in the traditional retail industry[38] - The Group closed 8 supermarkets and 21 convenience stores since the beginning of 2022, contributing to the decline in sales[66] Sustainability and Corporate Governance - The management emphasized the importance of sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[24] - The Company has adopted the principles of the Corporate Governance Code to enhance corporate governance quality and ensure fair, transparent, and ethical business conduct[140] - The Board is collectively responsible for safeguarding the best interest of the Group and is accountable to the shareholders[153] Human Resources and Employment - The total staff costs for the Group during the reporting period were approximately RMB 720,988,340, a slight decrease from RMB 729,020,479 in 2022[118] - The Group employed 4,370 employees as of December 31, 2023, down from 4,458 employees in the previous year[118] - The total number of employees as of December 31, 2023, was 4,370, with a male to female ratio in the workforce of approximately 2:3[198] Board Composition and Diversity - The board of directors consists of nine members, with three independent non-executive directors, accounting for one third of the total board[200] - The gender diversity on the board is represented by a ratio of 7:2, with female directors making up 22% of all board members[193] - The company has implemented a policy of board diversity, considering various factors such as age, gender, skills, and experience in its composition[192] Legal and Compliance Matters - The Group is currently involved in pending litigation regarding land compensation agreements, seeking to recover RMB 45,132,000 paid to the Guanzhuang Township Government[126] - No material contingent liabilities were reported as of December 31, 2023[121] - As of the report date, no significant events affecting the Group's operations and financial performance have occurred since December 31, 2023[130]

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 9,467,889,370, a decrease of 0.77% compared to RMB 9,541,354,189 in 2022[10] - The net loss for the year was RMB 52,740,273, an improvement from a net loss of RMB 65,038,552 in 2022[10] - The company reported a net profit attributable to the parent company of RMB (75,675,109) for the fiscal year 2023, resulting in an ending retained earnings balance of RMB 299,762,295[24] - The net profit attributable to the owners of the parent company improved by approximately 18.2% to RMB (75,675,109) in 2023 from RMB (92,551,280) in 2022[70] - Basic earnings per share improved to RMB (0.18) in 2023 from RMB (0.22) in 2022, reflecting the increase in net profit attributable to owners[71] Revenue and Costs - Total operating costs for the same period were RMB 9,453,005,339, slightly down from RMB 9,539,946,608 in 2022[10] - The cost of goods sold for 2023 was RMB 7,536,296,139, resulting in a gross profit margin of approximately 20.5%[28] - The gross profit margin for the wholesale business decreased to 9.0% in 2023 from 11.0% in 2022, primarily due to increased low-price promotions and a decline in traditional channel sales[56] - Gross profit fell by 17.2% to RMB 993,552,000 in 2023, with a gross profit margin of 11.7%, down from 13.9% in 2022[60] Assets and Liabilities - Total assets decreased to RMB 7,132,044,691 from RMB 7,493,942,236, a decline of 4.83%[8] - Total liabilities decreased to RMB 5,299,176,954 from RMB 5,563,047,881, a reduction of 4.75%[6] - As of December 31, 2023, the group's total liabilities amounted to RMB 3,148,009,496, with a debt-to-asset ratio of approximately 74.3%[74] Cash Flow and Borrowings - Cash and cash equivalents increased to RMB 965,738,836 from RMB 890,618,687, representing an increase of 8.4%[5] - Short-term borrowings rose significantly to RMB 3,148,009,496 from RMB 2,213,490,330, an increase of 42.1%[6] Operational Changes and Strategies - The company plans to replace its auditor and amend its articles of association, indicating potential strategic changes ahead[2] - The company plans to continue exploring new growth opportunities through category management and enhancing operational efficiency amid challenging market conditions[36] - The group completed the planning of 10 categories including cooked food, beverages, and snacks, focusing on "freshness, taste, and cost-effectiveness" to enhance category management[39] - The group launched a pilot project for on-site production of ready-to-eat items, establishing a foundation for the full rollout of the "Neighborhood Kitchen" concept[40] Retail and Wholesale Performance - The retail business revenue decreased by approximately 12.4% in 2023, primarily due to a decline in customer traffic as social and economic activities normalized, leading to a same-store sales drop of about 13.82%[51] - Wholesale revenue for the group increased by approximately 4.8% to RMB 5,495,746,000 in 2023 from RMB 5,245,554,000 in 2022[55] - The company's retail revenue from the wholesale segment was RMB 5,495,746,039, with a cost of RMB 4,972,587,291, reflecting a competitive market environment[29] Employee and Operational Efficiency - As of December 31, 2023, the group had 4,370 employees in China, a decrease from 4,458 employees in 2022[77] - The total employee cost for 2023 was approximately RMB 720,988,340, slightly down from RMB 729,020,479 in 2022[77] - The group implemented a data platform to unify data sources and enhance operational efficiency, including the automation of financial systems[45] Future Outlook and Governance - The company will propose to replace the auditor, with the current auditor, Dahua, stepping down after the 2023 annual general meeting[99] - The board recommends amending the company's articles of association, including the establishment of employee representative directors and the removal of the supervisory board[96] - The 2023 annual general meeting is scheduled for June 28, 2024[102]

Financial Performance - The company's main business revenue for the first half of 2023 was approximately RMB 4,141,055,856, a decrease of about 14.9% compared to the same period last year[9]. - Gross profit was approximately RMB 511,476,452, down about 19.0% year-on-year[9]. - Total profit amounted to approximately RMB -6,987,797, representing a decrease of about 128.2% compared to the previous year[9]. - Net profit attributable to the parent company was approximately RMB -48,579,117, a decline of about 353.0% year-on-year[9]. - Total operating revenue for the first half of 2023 was RMB 4,582,440,232, a decrease of 14.06% compared to RMB 5,332,502,257 in the same period of 2022[71]. - Total operating costs for the first half of 2023 were RMB 4,591,022,288, down from RMB 5,280,944,416 in the first half of 2022, reflecting a reduction of 13.09%[71]. - The net profit for the first half of 2023 was a loss of RMB 37,781,693, compared to a profit of RMB 9,579,318 in the first half of 2022[71]. - The company reported a total comprehensive loss of RMB (47,021,334) for the first half of 2023, compared to a loss of RMB (1,698,329) in the same period of 2022[76]. Retail and Wholesale Operations - The retail business revenue decreased by approximately 10.7% to RMB 1,597,403,000 in 2023 from RMB 1,788,527,000 in 2022[19]. - The wholesale business revenue fell by about 17.6% to RMB 2,532,098,000 in 2023 from RMB 3,071,447,000 in 2022[24]. - The company closed 5 supermarkets and 18 convenience stores since the beginning of 2022, contributing to the decline in retail sales[20]. - The company opened 1 new comprehensive supermarket during the reporting period, while closing 1 comprehensive supermarket and 2 franchised convenience stores due to lease expirations and operational strategy adjustments[11]. - The company continues to promote e-commerce platform business and enhance online and offline integration to increase market share in wholesale[21]. Assets and Liabilities - As of June 30, 2023, the group's current assets amounted to RMB 4,974,772,496, including cash and cash equivalents of RMB 1,217,952,182 and inventory of RMB 1,555,452,398[33]. - The total current liabilities were RMB 4,959,930,760, with short-term bank loans constituting RMB 2,707,395,509[33]. - The group's debt-to-asset ratio was approximately 75.1%, slightly higher than 74.0% as of June 30, 2022[35]. - Current liabilities increased to RMB 4,959,930,760 as of June 30, 2023, compared to RMB 4,843,812,766 at the end of 2022, marking an increase of 2.4%[65]. - The total liabilities as of June 30, 2023, were RMB 5,610,757,920, slightly up from RMB 5,562,720,139 at the end of 2022, reflecting a marginal increase of 0.86%[65]. Cash Flow and Financing - Cash flow from operating activities generated a net amount of RMB 193,501,261, a decrease of 73.7% from RMB 735,989,526 in the first half of 2022[79]. - Cash flow from financing activities showed a net increase of RMB 303,651,778, compared to a net decrease of RMB (359,553,177) in the first half of 2022[81]. - The company received RMB 750,000,000 in borrowings in the first half of 2023, an increase of 15.4% from RMB 650,000,000 in the same period last year[86]. - Net cash flow from financing activities improved to RMB 231,136,823, compared to RMB 81,981,367 in the first half of 2022, marking an increase of 182.5%[86]. Shareholder and Equity Information - Major shareholder Beijing Chaofu State-owned Assets Management Co., Ltd. held 167,409,808 shares, representing 72.77% of the total issued domestic shares and 40.61% of the total share capital[54]. - The company’s total equity attributable to shareholders decreased to RMB 1,857,503,980 from RMB 1,930,894,356, reflecting a decline of 3.8%[89]. - The company’s retained earnings decreased by RMB 48,579,117 during the first half of 2023, compared to a decrease of RMB 35,608,683 in the same period of 2022[89]. - As of June 30, 2023, total equity amounted to RMB 1,441,671,520, a decrease of 3.15% from the previous year-end balance of RMB 1,488,692,854[93]. Operational Strategies - The company focused on category management and introduced high-quality new products, enhancing operational capabilities through training in fresh product management[13][14]. - Marketing strategies were enhanced by integrating online and offline promotions, leveraging traditional festivals and special events to increase brand exposure and customer experience[15]. - The retail business will emphasize category strategies based on customer needs and enhance in-store offerings to attract more customers[43]. - The wholesale business aims for high-quality development, promoting co-branded products and improving logistics efficiency[43]. Compliance and Reporting - The company operates under the accounting principles set forth by the Ministry of Finance, ensuring compliance with relevant regulations[97]. - The financial statements reflect the company's financial position as of June 30, 2023, and its operating results and cash flows for the first half of 2023[98]. - The company’s financial reporting adheres to the requirements of the Hong Kong Companies Ordinance and the Securities Listing Rules[98].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 北京京客隆商業集團股份有限公司 BEIJING JINGKELONG COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：814） 截至2023年6月30日止6個月 中期業績公告 北京京客隆商業集團股份有限公司（「本公司」或「京客隆」）董事會（「董事會」）謹此宣佈本 公司及其附屬公司（合稱「本集團」）截至2023年6月30日止6個月（「報告期間」）之未經審計 合併業績。該未經審計合併業績已經核數師大華會計師事務所（特殊普通合夥）及本公司 審核委員會（「審核委員會」）審閱。 （重要提示：本公告分別以中英文刊載。如中英文有任何差異，概以中文為準。） ...

Economic Environment - In 2022, food prices fluctuated significantly, increasing by 2.8% compared to a decrease of 1.4% in 2021, impacting the CPI by approximately 0.51 percentage points[20]. - The overall competition in the physical retail industry intensified, necessitating adaptive strategies to maintain market position[20]. - In 2022, total retail sales of consumer goods in China were RMB 43,973.3 billion, a decrease of 0.2% year-on-year[32]. - The overall economy is expected to recover gradually in 2023, with local governments prioritizing the restoration and expansion of consumption[127]. Business Challenges and Responses - The Group faced multiple challenges including the COVID-19 pandemic and domestic economic downturn, leading to a reorganization of its business across various dimensions such as customer positioning and supply chain management[20]. - The Group ensured the supply of essential materials during severe lockdowns, demonstrating its commitment as a state-owned enterprise[20]. - The Group's actions during the pandemic were aimed at stabilizing public sentiment and ensuring consumer access to necessary supplies[20]. - The Group's commitment to social responsibility was highlighted through its proactive measures during the pandemic[20]. - The Group's response to pandemic challenges included optimizing supply chain logistics and ensuring timely delivery of essential goods[52]. Financial Performance - Revenue from principal business was RMB 8,661,087,292, representing a decrease of approximately 14.2% compared to 2021[24]. - Gross profit was RMB 1,200,243,230, representing a decrease of approximately 0.7% compared to 2021[24]. - Total profit was RMB -23,629,596, representing a decrease of approximately 154.5% compared to 2021[24]. - Profit attributable to shareholders of the parent company was RMB -96,070,695, representing a decrease of approximately 327.5% compared to 2021[24]. - Basic earnings per share was RMB -0.23, compared to RMB -0.05 in 2021[24]. - The Group's principal operating income decreased by approximately 14.2%, with retail income increasing while wholesale income declined[76]. - Other operating income decreased by approximately 7.9% from RMB956.2 million to RMB880.3 million, mainly due to reduced rental income and decreased sales in the wholesale business[82]. Operational Highlights - The total number of retail outlets was 142 as of December 31, 2022[36]. - The Group opened four convenience stores during the Reporting Period, while closing four supermarkets and 19 convenience stores[38]. - The total retail principal operating income for the Group increased by 4.8% to RMB 3,398,362,000 in 2022 from RMB 3,243,963,000 in 2021[57]. - Hypermarkets reported a revenue increase of 4.0%, reaching RMB 923,553,000, while supermarkets saw a 6.2% increase to RMB 2,190,602,000[57]. - The convenience stores' revenue slightly increased by 0.9% to RMB 283,518,000, whereas department stores experienced a significant decline of 94.4% to RMB 689,000[57]. - The Group implemented category management, resulting in improved sales quantity and inventory turnover days compared to the previous year[42]. - The Group enhanced its logistics services, efficiently completing daily and temporary distribution tasks during the pandemic and major events like the Beijing Winter Olympics[52]. - The Group focused on food safety management, conducting regular inspections and implementing a quarterly sampling inspection plan for commodities[50]. - The operational management of fresh food commodities was strengthened, improving store efficiency and customer attraction[46]. - The Group introduced regional and freshly-made products to cater to young consumer preferences, integrating online and offline marketing resources[45]. Corporate Governance - The Group recognizes the importance of a robust corporate governance framework to drive sustainable development and long-term value for shareholders[134]. - The Company has complied with all code provisions of the Corporate Governance Code during the reporting period, except for the directors' retirement by rotation[136]. - The Board is collectively responsible for safeguarding the best interests of the Group and is accountable to shareholders for major corporate matters[147]. - The company has appointed three independent non-executive directors, meeting the requirement of having at least one-third of the board composed of independent members[153]. - The company emphasizes the importance of board diversity and has adopted a policy to ensure a balanced composition of directors[176]. - The board of directors has a gender ratio of 7:2, with women making up 22% of all members[177]. - The company has established a board diversity policy that will be reviewed annually to reflect regulatory requirements and good governance practices[179]. Employee Management - The total staff costs for the year 2022 were approximately RMB 729,020,479, compared to RMB 724,005,881 in 2021, reflecting a slight increase[112]. - The Group employed 4,458 employees as of December 31, 2022, down from 4,781 employees in the previous year[112]. - Contributions to the retirement benefits scheme amounted to approximately RMB 67,901,952 for the reporting period, compared to RMB 64,657,918 in 2021[113]. - The Group hosted approximately 89 training seminars during the year to improve employee skills and professional knowledge[118]. Future Strategies - The Group plans to enhance digital technology and logistics systems in 2023 to improve customer service capabilities[25]. - The Group will continue to focus on high-quality development in its wholesale business, expanding product categories and gradually achieving full-category operations[129]. - The Group aims to enhance brand operation capabilities and expand nationwide agency cooperation channels to build an efficient and mutually beneficial business ecosystem[131]. - The retail business will adhere to a "people-oriented" development concept and a "customer-centric" business philosophy, focusing on category management and digital technology integration[131]. - The Group will continue to enhance logistics operation efficiency and expand the scope of logistics business to consolidate market share in wholesale[131].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 北京京客隆商業集團股份有限公司 BEIJING JINGKELONG COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：814） 截至2022年12月31日止年度 業績公告及建議修訂公司章程 北京京客隆商業集團股份有限公司（「本公司」或「京客隆」）董事會（「董事會」）謹此宣佈本 公司及其附屬公司（合稱「本集團」）截至2022年12月31日止年度（「報告期間」）之經審計合 併業績。 （重要提示：本公告分別以中英文刊載。如中英文有任何差異，概以中文為準。） ...

Revenue Performance - For the nine months ended September 30, 2022, the company's operating revenue was RMB 7,651,962, a decrease of 9.8% from RMB 8,487,462 in the same period of 2021[4] - The main business revenue for the same period was RMB 6,959,919, down 10.3% from RMB 7,762,095 in 2021[4] - The wholesale main business revenue for the nine months was RMB 4,398,245, a decrease of 16.2% from RMB 5,250,712 in 2021[6] Profitability - The net profit attributable to the owners of the parent company was a loss of RMB 60,599 for the nine months ended September 30, 2022, compared to a profit of RMB 4,033 in 2021[4] - The company's operating profit for the nine months was RMB 978, a significant decline from RMB 36,180 in the same period of the previous year[4] - The company reported a total profit of RMB (20,855) for the nine months, compared to RMB 32,962 in 2021, indicating a substantial decline[4] Expenses - The company's financial expenses decreased to RMB 96,542 from RMB 109,166 in 2021, reflecting a reduction of 11.9%[4] - The company experienced a decrease in sales expenses, which rose to RMB 1,224,413 from RMB 1,202,032 in 2021, reflecting a marginal increase of 1.8%[4] Store Operations - The total number of retail stores as of September 30, 2022, was 145, after opening 4 new convenience stores and closing 20 stores during the period[7] Investment Income - The investment income for the period was RMB 11,695, slightly up from RMB 10,999 in the previous year[4]

Financial Performance - The group's main business revenue for the six months ended June 30, 2022, was approximately RMB 4,866,000,697, a decrease of about 8.8% compared to the same period last year [9]. - Gross profit was approximately RMB 631,534,745, an increase of about 6.0% compared to the same period last year [10]. - Total profit was approximately RMB 24,751,746, a decrease of about 64.5% compared to the same period last year [11]. - Net profit attributable to the parent company was approximately RMB -14,398,632, a decrease of about 154.2% compared to the same period last year [12]. - The retail business revenue increased by approximately 3.9% to RMB 1,788,527,000 compared to RMB 1,721,475,000 in the same period last year, driven by heightened consumer demand for essential goods due to the pandemic [25]. - Same-store sales growth was reported at 6.4% year-on-year, reflecting effective category management strategies implemented by the company [25]. - The net profit attributable to the parent company was reported at a loss of RMB 14,399,000, compared to a profit of RMB 26,589,000 in the previous year, reflecting the challenges faced during the reporting period [34]. - The total comprehensive income attributable to the parent company for the first half of 2022 was RMB 5,465,209, a decrease from RMB 42,608,150 in the same period of 2021 [76]. - The company reported a net loss of RMB 24,199,553 for the first half of 2022, compared to a profit of RMB 27,097,767 in the same period of 2021 [97]. Business Operations - As of June 30, 2022, the total number of retail stores was 151, including 139 directly operated stores and 12 franchised stores, with a total operating area of approximately 231,480 square meters [15]. - During the reporting period, the group opened 3 new directly operated convenience stores and 1 franchised convenience store, while closing 2 comprehensive supermarkets, 11 directly operated convenience stores, and 1 franchised convenience store due to lease expirations and operational strategy adjustments [15]. - The group implemented strict pandemic prevention measures, ensuring a safe shopping environment and maintaining supply of essential goods during the COVID-19 outbreaks [17]. - The group adjusted its business operations by integrating procurement, marketing, operations, and e-commerce departments to enhance customer response efficiency [18]. - The company actively participated in community events and launched themed promotions to enhance consumer engagement and drive sales during festive periods [21]. Financial Position - As of June 30, 2022, the group's current assets totaled RMB 4,837,413,877, including cash and cash equivalents of RMB 936,102,881 and inventory of RMB 1,354,216,576 [39]. - The total liabilities of the group amounted to RMB 2,153,417,717, with bank loans ranging from 2.90% to 4.35% annual interest rate [40]. - The asset-liability ratio as of June 30, 2022, was approximately 74.1%, slightly higher than 73.2% on June 30, 2021 [41]. - The company's current assets totaled RMB 4,837,413,877 as of June 30, 2022, while non-current assets amounted to RMB 2,870,750,893 [66]. - The total assets of Beijing Jingkelong Commercial Group Co., Ltd. amounted to RMB 7,708,164,770, compared to RMB 7,842,092,472 as of December 31, 2021 [66]. - Total liabilities as of June 30, 2022, amounted to RMB 2,862,818,579, an increase of 9.1% from RMB 2,623,989,801 at the end of 2021 [72]. - The company’s total equity as of June 30, 2022, was RMB 1,541,060,008, down from RMB 1,565,259,561 at the end of 2021, a decline of 1.5% [72]. Inventory and Assets - The total inventory reported was RMB 1,354,216,576 as of June 30, 2022 [66]. - The company's inventory as of June 30, 2022, was RMB 203,802,779, compared to RMB 217,868,602 at the end of 2021, indicating a decrease of 6.5% [70]. - Inventory is classified into categories including finished goods, raw materials, work in progress, and low-value consumables [141]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs recognized when net realizable value is lower than cost [143]. Employee and Operational Costs - The employee cost during the reporting period totaled RMB 355,275,406, a decrease from RMB 372,460,621 in the same period last year [45]. - Total operating costs for the first half of 2022 were RMB 5,280,944,416, down 9.0% from RMB 5,807,988,298 in the first half of 2021 [74]. - The company incurred operating costs of RMB 1,431,050,083 in the first half of 2022, up from RMB 1,357,376,531 in the same period of 2021, which is an increase of about 5.4% [78]. Cash Flow and Financing - Cash flow from operating activities for the first half of 2022 was RMB 735,989,526, down from RMB 383,228,539 in the first half of 2021 [80]. - The company reported sales of goods and services received cash of RMB 5,646,346,615 in the first half of 2022, compared to RMB 6,108,306,563 in the same period of 2021, reflecting a decrease of approximately 7.5% [80]. - The cash flow from investing activities for the first half of 2022 resulted in a net outflow of RMB 461,524,718, compared to an outflow of RMB 11,876,064 in the same period of 2021 [82]. - The cash flow from financing activities for the first half of 2022 was a net outflow of RMB 359,553,177, compared to an outflow of RMB 332,615,173 in the same period of 2021 [82]. - The ending cash and cash equivalents balance for the first half of 2022 was RMB 256,085,581, down from RMB 318,772,739 at the end of the first half of 2021 [86]. Shareholder Information - Major shareholder Beijing Chaofu State-owned Assets Management Co., Ltd. holds approximately 72.77% of the total issued domestic shares, equating to 167,409,808 shares [58]. - The total number of shares held by individual directors and executives ranges from 70,000 to 5,210,428, representing between 0.03% and 2.26% of the total issued domestic shares [55]. - China Galaxy International Asset Management holds 24,970,000 H shares, representing approximately 13.71% of the total issued H shares [60]. Accounting Policies - The financial statements are prepared based on the assumption of going concern and in accordance with the relevant accounting standards [101]. - The accounting period for the group is aligned with the calendar year, running from January 1 to December 31 [104]. - The group uses Renminbi as its functional currency for accounting purposes, reflecting the primary economic environment in which it operates [104]. - The financial statements of the group comply with the requirements of accounting standards, accurately reflecting the financial position as of June 30, 2022, and the operating results and cash flows for the first half of 2022 [102]. Impairment and Provisions - The group conducts impairment tests on long-term assets, including fixed assets and intangible assets, to determine if their recoverable amount is less than their carrying value [169]. - If the recoverable amount is lower than the carrying value, an impairment loss is recognized, calculated based on the higher of fair value less costs to sell and the present value of expected future cash flows [170]. - The group recognizes impairment losses on financial assets measured at amortized cost and debt instruments measured at fair value, including receivables and long-term receivables [130]. Revenue Recognition - Revenue is recognized when control of goods is transferred to customers, with specific criteria outlined for contract approval and payment terms [175]. - Sales revenue is recognized upon sale to consumers or upon acceptance by customers in wholesale transactions, with adjustments for reward points granted to customers [179]. - Service revenue is recognized when the amount can be reliably measured, and the related economic benefits are likely to flow to the company [181].