Financial Performance - The net profit attributable to the parent company's shareholders for 2018 was CNY 83,398,691.90, with undistributed profits at CNY 217,309,605.97 by the end of the year[5]. - The company's adjusted revenue for 2018 was approximately ¥11.60 billion, a decrease of 1.47% compared to ¥12.37 billion in 2017[20]. - Net profit attributable to shareholders for 2018 was approximately ¥83.40 million, an increase of 6.18% from ¥78.54 million in 2017[20]. - Basic earnings per share for 2018 was ¥0.13, reflecting an increase of 8.33% from ¥0.12 in 2017[21]. - The weighted average return on equity for 2018 was 2.91%, up from 2.74% in 2017[21]. - The company generated a net cash flow from operating activities of approximately ¥726.45 million in 2018, an increase of 12.84% from ¥643.76 million in 2017[20]. - Total assets at the end of 2018 were approximately ¥10.22 billion, an increase of 3.92% from ¥9.84 billion at the end of 2017[20]. - The net profit after deducting non-recurring gains and losses for 2018 was approximately ¥78.11 million, a significant increase from ¥4.85 million in 2017[20]. - The company reported a net loss from non-recurring items of approximately ¥6.12 million in 2018, compared to a gain of ¥91.96 million in 2017[26]. - Operating revenue decreased by 1.47% to CNY 11,595,335,895.56 from CNY 11,768,499,201.87 in the same period last year[45]. - Operating costs decreased by 2.12% to CNY 9,022,828,739.79 from CNY 9,217,865,142.59[45]. - Financial expenses increased by 7.11% to CNY 143,435,495.18 due to higher interest expenses[45]. - Investment income decreased by 82.33% to CNY 63,450,540.82 from CNY 358,994,263.55[45]. - The company reported a significant reduction in asset impairment losses, decreasing by 112.87% to CNY -1,207,870.82 from CNY 9,387,601.57[45]. - The total amount of cash flow from financing activities improved by 99.71% to CNY -3,323,925.26 from CNY -1,141,243,667.08[55]. Profit Distribution - The profit distribution plan for 2018 proposes a cash dividend of CNY 0.7 per 10 shares, totaling CNY 46,606,554.26, with the remaining undistributed profits carried forward to the next year[5]. - The company has a cash dividend policy that mandates at least 50% of distributable profits to be allocated as cash dividends when profits are available[102]. - The company distributed a cash dividend of 0.6 RMB per 10 shares for the year 2017, totaling 39,948,475.08 RMB, completed on July 4, 2018[104]. - The cash dividends distributed in 2018 represent 55.88% of the net profit attributable to ordinary shareholders, compared to 51.05% in 2017[106]. - The company has established multiple channels for daily communication with minority shareholders regarding profit distribution and policy changes[105]. - The company's profit distribution policy complies with its articles of association and decision-making procedures, ensuring that minority shareholders have ample opportunity to express their opinions[105]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Jiangsu Zijin Hualian Commercial Facilities Operation Co., Ltd. on July 25, 2018[22]. - The company acquired 100% equity of Jiangsu Zijin Hualian Commercial Facilities Operation Co. for CNY 235.67 million, with the transfer completed on September 29, 2018[128]. - The company purchased 100% equity of Beijing Baihaoji Community Department Store Co. for RMB 208 million, with the transfer completed on December 14, 2018[129]. - The company holds a 70% equity stake in Shaanxi Shinan Fruit Products Co., with an investment amount of 14 million CNY[81]. - The company has invested 23.57 million CNY in Jiangsu Zijin Hualian Commercial Facilities Operation Co., which operates in property leasing[81]. - The company transferred 70% equity of Shaanxi Shiren Fruit Co. for RMB 1.23 million, completing the equity transfer on August 24, 2018[127]. Risks and Compliance - The company faces various risks including policy, market, operational, management, and financial risks, which are detailed in the report[7]. - The company emphasizes the importance of risk awareness in future plans and strategic developments[6]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has not faced any risks of suspension of listing during the reporting period[119]. - The company is actively working on compliance with regulatory commitments and shareholder agreements[109][110]. Operational Strategy - The company operates multiple wholly-owned subsidiaries across various regions, enhancing its market presence[11]. - The company's main business model is self-operated, which allows for greater autonomy in procurement and sales, focusing on food, daily necessities, and small appliances[32]. - The company continues to focus on fresh food as a core competency, which is crucial for enhancing its competitive advantage in the retail sector[41]. - The company implemented a dual procurement system, combining national and regional purchasing strategies to lower operating costs[32]. - The company plans to negotiate lease renewals for the Lanzhou Hongxing store, with the current lease expiring on December 26, 2019[67]. - The company plans to open 10-20 new stores in 2019, with an investment of approximately ¥20 million per store, funded through self-owned funds, bond issuance, and bank loans[77]. - The company will implement a fresh food self-operated strategy to enhance self-operation capabilities and ensure the quality, freshness, and price image of fresh products[90]. - The company intends to increase store density in advantageous regions while ensuring a high success rate for new stores through incentive mechanisms[90]. Governance and Management - The company has a diverse board with members holding various positions, including independent directors and supervisors[167]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 3.254 million yuan[172]. - The company has a structured decision-making process for determining the remuneration of directors and senior management, requiring approval from the shareholders' meeting[172]. - The company has maintained a stable management team with no significant changes in the past reporting period[173]. - The company’s financial management practices are overseen by experienced professionals with backgrounds in banking and finance[171]. - The company has undergone a leadership change with the departure of former Chairman Luo Zhiwei and the election of new directors[173]. Market Trends - The retail industry in China saw a 9.0% growth in total retail sales of consumer goods, reaching approximately CNY 38.10 trillion in 2018[36]. - Online retail sales in China grew by 23.9% in 2018, with physical goods online retail sales increasing by 25.4%, indicating a shift in consumer purchasing behavior[37]. - The retail sales of supermarkets and convenience stores increased by 6.8% and 11.5% respectively, outperforming the average growth rate of the retail sector[88].

Financial Performance - Operating income for the first nine months was ¥9,241,172,851.94, reflecting a slight increase of 0.66% year-on-year[7] - Net profit attributable to shareholders for the first nine months was ¥71,805,884.47, a significant increase of 730.44% compared to the same period last year[7] - Net cash flow from operating activities for the first nine months was ¥365,656,569.10, up 26.28% year-on-year[7] - The company reported a basic earnings per share of ¥0.10, down 9.09% from the previous year[8] - Total revenue for Q3 2018 reached ¥3,108,993,684.98, an increase of 10.2% compared to ¥2,821,451,829.46 in Q3 2017[37] - The company's operating revenue for Q3 2023 reached ¥2,701,512,420.62, an increase of 6.6% compared to ¥2,534,095,909.93 in Q3 2022[41] - The net profit for the period was a loss of ¥3,481,527.91, compared to a loss of ¥35,166,052.84 in the same period last year, showing a significant improvement[41] - The total profit for the period was ¥436,781.08, contrasting with a loss of ¥35,209,674.45 in Q3 2022, indicating a recovery in profitability[41] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,776,153,963.37, an increase of 1.81% compared to the end of the previous year[7] - The company's current liabilities totaled approximately 6.297 billion RMB, compared to 6.138 billion RMB at the beginning of the year[30] - Total liabilities increased to ¥7,022,108,368.24 from ¥6,558,317,275.14, marking a rise of 7.1%[35] - The company's total equity reached ¥2,526,232,328.15, a slight increase from ¥2,522,928,490.07 at the beginning of the year, showing a growth of 0.1%[35] - Short-term borrowings increased by 130.57% to RMB 1,251,977,243.20 from RMB 543,000,000.00 at the beginning of the year[16] - The company's total assets amounted to 9.776 billion RMB, an increase from 9.602 billion RMB at the beginning of the year[30] Cash Flow - The cash flow from operating activities generated a net amount of ¥365,656,569.10, up from ¥289,551,840.34 in the previous year, reflecting improved cash generation[45] - The net cash flow from operating activities for the first nine months of 2018 was ¥727,463,664.54, a decrease from ¥789,552,488.26 in the same period last year, reflecting a decline of approximately 7.9%[48] - Total cash inflow from investment activities was ¥1,597,598,065.99, down from ¥2,051,064,336.64 year-over-year, indicating a decrease of about 22.1%[49] - The total cash and cash equivalents at the end of the period was ¥2,109,182,586.30, down from ¥2,391,983,642.01 at the end of the same period last year, a decrease of about 11.8%[49] Investment and Financing - Investment income decreased significantly by 85.53% to RMB 50,402,548.91, down from RMB 348,232,649.94 in the previous year, primarily due to the sale of Hualian Premium last year[16] - The company plans to issue up to RMB 17 billion in non-financial corporate debt financing tools, with a short-term financing bond registration of RMB 7 billion already accepted[17][18] - The company received ¥932,487,243.20 from borrowings, significantly higher than the ¥350,000,000.00 received in the previous year, marking an increase of approximately 166%[49] - The company recorded investment income of ¥40,741,216.15 for the first nine months, a decrease from ¥265,581,683.91 in the previous year, highlighting challenges in investment performance[41] Shareholder Information - The number of shareholders at the end of the reporting period was 32,054[11] - The largest shareholder, Beijing Hualian Group Investment Holding Co., Ltd., holds 29.17% of the shares[11] - The company has completed the release of share pledges, with no shares currently pledged by major shareholders[12][13] Operational Costs - The operating cost for the same period was RMB 7,276,724,975.00, which is a 0.67% increase from RMB 7,228,462,163.23 year-on-year[16] - The company reported a total operating cost of ¥2,133,905,224.15 for Q3 2023, which is an increase of 5.9% from ¥2,015,464,510.91 in Q3 2022[41] - Sales expenses for Q3 2018 were approximately $526.36 million, a slight increase from $504.91 million in Q3 2017[38] - The company paid ¥607,881,398.86 in employee compensation, which is an increase of approximately 22% compared to ¥498,880,022.61 in the previous year[48]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 6,132,179,166.96, a decrease of 3.57% compared to CNY 6,359,076,274.12 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 42,083,265.94, down 39.15% from CNY 69,158,490.43 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 53,246,382.93, an increase of 687.25% compared to CNY 6,763,549.67 in the same period last year[20]. - Basic earnings per share for the reporting period were CNY 0.06, down 40% from CNY 0.10 in the same period last year[21]. - The weighted average return on net assets was 1.55%, a decrease of 1.06 percentage points from 2.61% in the previous year[21]. - The company reported a net profit margin of approximately 5.5% for the first half of 2018[92]. - The company reported a comprehensive income for the current period of approximately ¥37.69 million, a decrease of 49.94% from ¥75.16 million in the previous period[94]. Cash Flow and Investments - The net cash flow from operating activities was CNY 48,318,814.24, representing a 137.84% increase from CNY 20,315,688.19 in the previous year[20]. - Investment cash flow improved significantly by 390.98% to CNY 90,392,096.70 due to decreased cash payments related to investment activities[34]. - Cash outflow from investing activities totaled CNY 1,595,759,698.95, down from CNY 2,414,859,822.97 in the previous year, indicating a reduction in investment expenditures[99]. - The company reported a cash inflow of CNY 1,567,427,477.31 from other investment activities, down from CNY 1,748,851,151.06 in the previous year[103]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,550,583,893.88, a decrease of 10.95% from CNY 9,602,096,530.15 at the end of the previous year[20]. - The total current assets as of June 30, 2018, amount to 5,187,691,491.41 RMB, down from 6,190,865,838.63 RMB at the beginning of the period[86]. - Total liabilities decreased from CNY 6,900,761,261.23 to CNY 5,851,504,442.97, a reduction of about 15.1%[88]. - Owner's equity decreased slightly from CNY 2,701,335,268.92 to CNY 2,699,079,450.91, a decrease of about 0.1%[88]. Market and Operational Strategy - The company opened 5 new stores during the reporting period, contributing to its ongoing expansion strategy[31]. - The retail market in China saw a 9.4% year-on-year growth in social retail sales in the first half of 2018, indicating a robust consumer market[26]. - Online retail sales in China reached CNY 47,863 billion in the first half of 2018, growing by 29.3% year-on-year, although the growth rate has been slowing[27]. - The company emphasizes fresh produce as a core part of its business strategy, enhancing its competitive edge in the retail market[29]. Risk Management - The company faces policy risks due to uncertainties in domestic and international economic conditions, which may impact retail operations[43]. - Market competition has intensified with the rapid expansion of both domestic and foreign enterprises, prompting the company to implement differentiated management strategies[44]. - The company has established a performance evaluation system to manage human resource risks effectively[46]. - Financial compliance risks are addressed through the establishment of accounting institutions and adherence to national accounting standards[48]. Shareholder and Equity Information - The company has no plans for profit distribution or capital reserve conversion for the half-year period[52]. - The company has committed to establishing a management equity incentive mechanism, with 7 million shares allocated for this purpose[53]. - The total number of shares for the management equity incentive has been adjusted from 7 million to 11.83 million shares due to multiple profit distributions and capital increases[54]. - The company’s major shareholder has made a non-competition commitment, ensuring no substantial competition with the company’s business[54]. Financial Reporting and Compliance - The company’s financial statements were approved by the board on August 27, 2018, ensuring compliance with regulatory requirements[124]. - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring compliance with the requirements of the accounting standards[126]. - The company confirms that its financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows[129]. Corporate Governance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[123]. - The company operates on a continuous basis, indicating ongoing viability and stability in operations[127]. - The company has a total of 234 subsidiaries and 15 directly controlled subsidiaries, indicating a significant operational scale[123].

Financial Performance - Operating revenue decreased by 3.40% to CNY 3,394,806,433.18 year-on-year[7] - Net profit attributable to shareholders increased by 437.34% to CNY 29,858,646.76 compared to the same period last year[7] - Basic earnings per share rose to CNY 0.05, an increase of 941.67% compared to the previous year[7] - Total revenue for Q1 2018 was CNY 3,394,806,433.18, a decrease of 3.4% compared to CNY 3,514,278,592.80 in the previous period[27] - Total operating revenue for Q1 2018 was CNY 2,930,236,699.20, a decrease of 2.3% from CNY 3,000,207,979.12 in the previous year[30] - The net profit for Q1 2018 reached ¥29,380,751.31, a significant increase of 1,231.36% compared to ¥2,206,829.11 in the previous period[12] - Total profit for Q1 2018 was CNY 34,593,107.71, compared to CNY 5,380,290.64 in the same quarter last year, marking a significant increase[28] - Operating profit surged to ¥35,974,663.56, reflecting a 250.37% increase from ¥10,267,613.97 due to reduced sales and management expenses[12] Cash Flow - Cash flow from operating activities decreased significantly by 89.70% to CNY 24,325,906.19[7] - The net cash flow from operating activities was 24,325,906.19 RMB, a significant decrease from 236,233,048.53 RMB in the previous period, indicating a decline of approximately 89.7%[35] - Total cash inflow from operating activities was 4,019,002,671.97 RMB, while cash outflow was 3,994,676,765.78 RMB, resulting in a net cash inflow of 24,325,906.19 RMB[35] - The total cash outflow for operating activities was 3,414,663,957.61 RMB, compared to 2,845,910,533.70 RMB in the previous period, representing an increase of approximately 19.9%[38] - Cash inflow from investment activities totaled 1,679,025,371.94 RMB, while cash outflow was 2,319,709,808.54 RMB, leading to a net cash outflow of 640,684,436.60 RMB[35] - The company incurred a net cash outflow from investment activities of 641,151,868.92 RMB, compared to a net outflow of 444,910,433.65 RMB in the previous period, indicating a worsening of approximately 44.2%[39] - The cash flow from financing activities showed a net inflow of 97,695,205.22 RMB, contrasting with a net outflow of 417,425,366.44 RMB in the previous period, marking a significant improvement[39] Assets and Liabilities - Total assets increased by 2.84% to CNY 9,875,123,079.72 compared to the end of the previous year[7] - Current assets increased to CNY 5,750,864,643.38 from CNY 5,619,493,949.10, reflecting a growth of 2.3%[24] - Total liabilities increased significantly, with a notable rise in short-term borrowings, indicating a strategy to leverage for growth[12] - Total liabilities increased to CNY 6,678,610,341.20 from CNY 6,558,317,275.14, representing a rise of 1.8%[25] - Short-term borrowings increased by 95.76% to ¥1,063,000,000.00 from ¥543,000,000.00, indicating a rise in bank loans[12] - The company's cash and cash equivalents stood at CNY 3,943,032,587.49, an increase from CNY 3,806,518,876.67, showing a growth of 3.6%[23] - The total equity attributable to shareholders increased to CNY 2,542,174,929.14 from CNY 2,522,928,490.07, a growth of 0.8%[25] Shareholder Information - The total number of shareholders reached 34,562 at the end of the reporting period[10] - The top three shareholders hold a combined 54.44% of the shares, with Beijing Hualian Group holding 29.17%[10] Other Financial Metrics - The weighted average return on equity increased by 1.01 percentage points to 1.13%[7] - The company reported non-recurring gains of CNY 903,341.55 during the quarter[9] - The company reported an asset impairment loss of ¥1,926,527.34, a 490.73% increase from a loss of ¥493,052.51, indicating an increase in bad debt provisions[12] - Investment income rose by 45.46% to ¥17,361,828.31 from ¥11,935,654.67, reflecting improved net profits from joint ventures[12] - The company reported a decrease in sales expenses to CNY 558,336,617.52 from CNY 617,563,407.93, a reduction of approximately 9.5%[28] - Other income for Q1 2018 was CNY 799,754.35, down from CNY 1,780,528.49 in the previous year, indicating a decline of 55.1%[28] - The company experienced a net asset impairment loss of CNY 1,926,527.34, compared to a gain of CNY 493,052.51 in the previous year[28] - Cash received from sales of goods and services was CNY 3,853,105,301.66, down from CNY 4,111,508,614.75 in the previous year, a decline of 6.3%[34] - Sales revenue from goods and services received was 3,325,818,653.59 RMB, a decrease from 3,477,216,961.76 RMB, indicating a decline of about 4.4%[38]

Financial Performance - In 2017, the company's operating revenue was CNY 11,759,162,595.99, a decrease of 4.85% compared to CNY 12,358,210,319.80 in 2016[19]. - The net profit attributable to shareholders of the listed company for 2017 was CNY 78,247,451.00, a significant increase of 130.04% from a loss of CNY 260,437,426.89 in 2016[19]. - The net cash flow from operating activities reached CNY 634,040,878.74, representing a remarkable increase of 916.33% compared to a negative cash flow in 2016[19]. - As of the end of 2017, the total assets amounted to CNY 9,602,096,530.15, a decrease of 12.53% from CNY 10,977,067,608.72 in 2016[19]. - The net assets attributable to shareholders of the listed company increased to CNY 2,702,082,360.49, reflecting a growth of 3.32% from CNY 2,615,334,666.22 in 2016[19]. - Basic earnings per share increased to CNY 0.12, a 130.77% increase compared to the previous year[20]. - The weighted average return on equity rose to 2.95%, an increase of 12.16 percentage points from the previous year[20]. - Non-recurring gains and losses for 2017 amounted to CNY 73.69 million, compared to a loss of CNY 135.36 million in 2016[25]. - The company's gross margin for 2017 was 21.63%, slightly down from 22.13% in 2016[34]. - The gross profit margin for the overall business decreased by 0.36 percentage points to 12.03%[47]. Dividend and Profit Distribution - The company proposed a cash dividend of CNY 0.6 per 10 shares, totaling CNY 39,948,475.08 to be distributed to shareholders[5]. - The company’s profit distribution policy ensures that at least 50% of the distributable profits are allocated as cash dividends when the company is profitable[106]. - The company’s profit distribution plan is subject to the approval of the board and shareholders, ensuring that minority shareholders have the opportunity to express their opinions[107][110]. - The company’s profit distribution policy allows for mid-term profit distributions under certain conditions[106]. - The company’s independent directors have confirmed that the profit distribution policy complies with relevant regulations and considers the company’s operational context[110]. Store Operations and Expansion - The company opened 11 new stores during the reporting period, contributing to its overall market presence[41]. - The company closed 9 stores and opened 11 new stores, resulting in a total of 156 operating stores by the end of the reporting period[60]. - The company continues to focus on expanding its footprint in the retail market, particularly in the life supermarket segment[61]. - The average area of the newly opened stores is approximately 12,000 square meters[65]. - The company plans to establish RDCs in multiple regions, including Northeast and Southwest, to enhance logistics efficiency[74]. - In 2018, the company plans to open 20-30 new stores, with an investment of approximately 20 million yuan per store, funded through self-owned funds, bond issuance, and bank loans[81]. Market and Economic Context - In 2017, China's GDP grew by 6.9%, with the retail sales of consumer goods increasing by 10.2% year-on-year[32]. - The contribution rate of final consumption to economic growth was 58.8%, indicating strong consumer demand[32]. - The retail industry in China is expected to maintain a recovery trend, supported by rising consumer income and the development of new business formats[35]. - The total retail sales of consumer goods in China reached 36.63 trillion yuan in 2017, an increase of 10.2% year-on-year, but the growth rate has slowed down[91]. - Online retail sales grew by 32.2% in 2017, up from 26.2% in 2016, indicating a stabilization phase after previous high growth rates[92]. Risk Management - The company faces various risks including policy, market, operational, management, and financial risks, which are detailed in the report[7]. - The company emphasizes the importance of investment risk awareness regarding its future plans and development strategies[6]. - Financial risks include compliance with accounting standards and the safety of financial indicators, with measures in place for regular analysis and control[102][103]. - The company faces risks from macroeconomic conditions, with strategies to enhance promotions and improve product structure to mitigate these risks[97]. Corporate Governance and Shareholder Relations - The company has established a management equity incentive mechanism, with a commitment to provide 7 million shares for this purpose, which has been adjusted to 11.83 million shares[113]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances[199]. - The company actively fulfills its social responsibilities and protects shareholder rights through improved corporate governance and internal control systems[148]. - The company has a well-structured corporate governance framework, including independent directors and specialized committees[187]. Employee Management - The company has implemented a market-oriented salary policy based on responsibilities, job importance, and performance[183]. - The company has a structured training program for new employees and ongoing professional development for existing staff[184]. - The total number of ordinary shareholders at the end of the reporting period was 35,647, an increase from 31,720 at the end of the previous month[158]. - The company employs 11,250 sales personnel, representing a significant portion of the workforce[182]. Financial Reporting and Compliance - The company is committed to ensuring that its financial reporting aligns with the latest accounting standards and regulations[118]. - The audit committee reviewed the 2016 annual financial statements and confirmed that they comply with accounting standards, reflecting the company's financial status accurately[196]. - The company is currently not in a position to report on the progress of any funds being occupied or the recovery of such funds[117]. - The company has established measures to ensure that its financial obligations are met in a timely manner, including potential early repayments of loans[115].