证券代码：600694 证券简称：大商股份 公告编号：2023-022 大商股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 04 月 07 日(星期五) 至 04 月 13 日(星期四)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dashanggufen@126.c om 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 大商股份有限公司（以下简称"公司"）已于 2023 年 4 月 1 日发布公司 2022 年 度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况， 公司计划于 2023 年 04 月 14 日 上午 09:00-10:00 举行 2022 年度业绩说明会，就投 资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果及财 务指标的具体情况与投资者进行互动交流和沟通，在信息披露允 ...

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 549,186,761.21, a decrease of 27.69% compared to the previous year[6]. - The company's operating revenue for 2022 was RMB 7,276,640,109.11, representing a decline of 13.04% year-on-year[24]. - The basic earnings per share for 2022 was RMB 1.93, down 26.89% from RMB 2.64 in 2021[26]. - The net cash flow from operating activities was RMB 715,994,243.11, a decrease of 7.66% compared to the previous year[24]. - The total assets of the company at the end of 2022 were RMB 18,146,443,611.15, down 14.36% from the previous year[24]. - The company's net assets attributable to shareholders decreased by 9.42% to RMB 8,024,368,163.86 at the end of 2022[24]. - The weighted average return on net assets for 2022 was 6.49%, a decrease of 2.21 percentage points from the previous year[26]. - The company reported a significant increase of 164.07% in net cash flow from investment activities, totaling 1,086,268,307.15 RMB[56]. - The company recorded non-recurring gains of 164.99 million RMB in 2022, with significant contributions from asset disposals and government subsidies[31]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, resulting in a total cash dividend of approximately RMB 142,296,623.00[6]. - The proposed cash dividend distribution is 5.00 RMB per 10 shares (including tax), resulting in an estimated total cash dividend of 142,296,623.00 RMB, which corresponds to a cash dividend ratio of 25.91%[126]. - Cumulative cash dividends to shareholders since the company's listing have exceeded 3.069 billion yuan, ensuring stable returns for shareholders, especially minority investors[142]. Business Strategy and Operations - The company implemented a "Four Self" operating policy, focusing on self-selling, self-manufacturing, self-operation, and self-distribution to expand its business scale[35]. - The company signed unified procurement contracts with major brands to enhance purchasing scale and maximize efficiency, thereby improving market competitiveness[36]. - The company adjusted its product structure and layout to meet market changes, increasing the operational area for food-related products while reducing space for clothing and other items[37]. - The company conducted 12 major marketing activities throughout the year, achieving significant growth during events like the May Day Festival and the 618 Home Appliance Festival[38]. - The company aims to enhance its industry competitiveness through innovative retail business models and strategic resource integration[34]. - The company is focusing on upgrading existing stores and innovating operational strategies to capture market share amid fierce competition[68]. - The company plans to expand its home appliance business by opening flagship stores and community stores, targeting rapid growth in regions such as Liaoning, Heilongjiang, and Henan[94]. Market and Competitive Environment - Online retail sales in China reached 137,853 million RMB, growing by 4.0% year-on-year, while physical retail sales faced significant challenges[43]. - The company reported a decline in foot traffic due to changing consumer habits and increased competition from online channels, impacting overall sales performance[97]. - The company faces increasing competition in Mudanjiang, where the retail market is becoming more decentralized and competitive[73]. - The overall economic development in Jiamusi is still at a low level, with a significant reliance on agriculture and forestry, leading to declining consumer income[73]. Governance and Compliance - The company maintained strict compliance with information disclosure regulations, ensuring transparency and protecting shareholder rights[98]. - The company’s governance structure is well-defined, with clear responsibilities among its decision-making, supervisory, and management bodies[96]. - The company’s board of directors and supervisory board adhered to legal and regulatory requirements, ensuring effective oversight and governance[97]. - The company has implemented a performance assessment system for its directors and senior management to ensure accountability and transparency[107]. Legal Matters and Litigation - The company is involved in significant litigation, with a total disputed amount of 1.33 billion RMB related to a real estate development contract dispute with Xinda Investment Co., Ltd.[159]. - The company has ongoing litigation regarding a rental agreement with a total claim amount of 26,618,258 CNY[163]. - The company is actively pursuing legal remedies in multiple ongoing lawsuits, with hearings yet to be scheduled for some cases[163]. Social Responsibility and Sustainability - The company emphasized sustainable development and social responsibility during the pandemic, receiving recognition from relevant departments and consumers[34]. - The company is committed to promoting green consumption and has expanded the procurement and sales of green low-carbon products in recent years[140]. - The company donated 37,000 yuan to a charity event aimed at supporting children in Xinjiang, demonstrating its commitment to social responsibility[145]. Employee and Management Structure - The total number of employees across the parent company and major subsidiaries is 10,699, with 7,358 in sales roles, 1,250 in finance, and 642 in technical positions[121]. - The company has implemented a training program focusing on various aspects such as onboarding, product knowledge, and leadership development for its employees[123]. - The company’s remuneration for directors and senior management is linked to annual income and net profit performance, with evaluations based on individual roles and contributions[107]. Future Outlook and Strategic Plans - The company aims to restore sales performance to 2019 levels, with a focus on rapid recovery and new business development to enhance overall performance[89]. - The company plans to acquire 100% equity of Shenyang Qiansheng Department Store Co., Ltd. and other related entities as part of its strategic expansion[115]. - The company is actively pursuing strategic acquisitions to enhance its market position and expand its operational footprint[115].

2022 年第三季度报告 证券代码：600694 证券简称：大商股份 大商股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 2022 年第三季度报告 1 / 13 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | | | 本报告期比 上年同期增 | | | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 上年同期 | | | | 上年同期 | | | | 项目 | 本报告期 | | | 减变动幅度 | 年初至报 ...

Company Profile and Key Financial Indicators [Company Information](index=4&type=section&id=Company%20Information) Dashang Co., Ltd. is a Shanghai Stock Exchange-listed company with stock code 600694, headquartered in Dalian, Liaoning Company Information | Item | Information | | :--- | :--- | | **Company Chinese Name** | 大商股份有限公司 | | **Company Chinese Abbreviation** | 大商股份 | | **Stock Exchange** | Shanghai Stock Exchange | | **Stock Code** | 600694 | | **Legal Representative** | Niu Gang | | **Registered/Office Address** | No. 1, Qingsan Street, Zhongshan District, Dalian City, Liaoning Province | [Key Accounting Data and Financial Indicators](index=5&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) H1 2022 saw revenue and net profit declines, but strong operating cash flow growth Key Accounting Data and Financial Indicators | Key Accounting Data | Current Period (Jan-Jun) (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 3,820,894,681.03 | 4,375,865,024.27 | -12.68 | | **Net Profit Attributable to Shareholders of Listed Company** | 425,981,588.22 | 497,669,658.90 | -14.40 | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 322,416,748.54 | 426,875,921.02 | -24.47 | | **Net Cash Flow from Operating Activities** | 796,685,017.68 | 440,647,865.66 | 80.80 | | **Basic Earnings Per Share (Yuan/share)** | 1.50 | 1.71 | -12.28 | | **Weighted Average Return on Net Assets (%)** | 4.81 | 5.51 | Decrease of 0.7 percentage points | - Non-recurring gains and losses totaled **$103.56 million** during the reporting period, primarily from disposal gains on non-current assets (**$89.05 million**) and investment income from transactional financial assets (**$30.44 million**)[18](index=18&type=chunk) Management Discussion and Analysis [Industry and Main Business](index=6&type=section&id=Industry%20and%20Main%20Business) The retail industry faced significant challenges in H1 2022, with the company maintaining its multi-format retail strategy - In H1 2022, total retail sales of consumer goods decreased by **0.7%** year-on-year, with the physical department store sector experiencing a larger impact, declining by **8.4%** year-on-year[20](index=20&type=chunk) - The company's main business encompasses three formats: department store chains, supermarket chains, and appliance chains, building a multi-channel commercial development model through physical stores combined with the online "Dashang Tiangou Network"[21](index=21&type=chunk) [Core Competencies Analysis](index=7&type=section&id=Core%20Competencies%20Analysis) Core strengths include extensive network, multi-format strategy, online platform, and robust supply chain - The company's core competencies include: - **Network and Scale**: Extensive store network and leading sales scale in the industry - **Multi-format and Omni-channel**: Owning multiple brands like Maikel and Xinmart, covering department stores, supermarkets, and home appliances, integrating online and offline development - **Online Platform**: Possessing an independent "Tiangou Network" online platform, achieving online-offline integration - **Supply Chain**: Expanding "four-self" operations (self-owned, self-produced, self-operated, self-sold) to control the entire industry chain - **Management Team**: Possessing an experienced professional management team and a comprehensive management system - **Brand Image**: As a renowned brand in China's physical retail industry, it enjoys a good social image and consumer recognition[22](index=22&type=chunk)[23](index=23&type=chunk) [Operating Performance Discussion and Analysis](index=8&type=section&id=Operating%20Performance%20Discussion%20and%20Analysis) Despite challenges, company implemented strategies to improve operations and narrow net profit decline - In the first half of the year, the company resolved long-standing horizontal competition issues by acquiring six stores from its controlling shareholder, optimizing management and governance structures, and consolidating its regional leading position[24](index=24&type=chunk)[27](index=27&type=chunk) - The company actively implemented multiple operational strategies to enhance performance, including: - **Centralized Procurement**: Strengthening cooperation with first-tier brands to reduce procurement costs - **Store Structure Optimization**: Adjusting operational layouts, enriching product categories, and improving sales per square meter - **Deepening "Four-Self Operations"**: Increasing the introduction of globally geographically indicated scarce commodities to build direct production-to-sales connections - **Incentive Policies**: Implementing "joint sales contracting and partnership entrepreneurship" to motivate grassroots employees - **New Media Marketing**: Utilizing live streaming, short videos, and other new media channels to drive traffic and sales - **Online-Offline Integration**: Launching new shopping formats like supermarket express delivery and super sellers through Tiangou Network[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) [Analysis of Key Operating Conditions](index=9&type=section&id=Analysis%20of%20Key%20Operating%20Conditions) Financial performance showed mixed results, with revenue and costs decreasing, but financial expenses significantly reduced Main Business Analysis H1 2022 saw revenue and cost declines, but substantial reduction in financial expenses and strong operating cash flow | Item | Current Period (Yuan) | Prior Year Period (Yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 3,820,894,681.03 | 4,375,865,024.27 | -12.68 | - | | **Operating Cost** | 2,300,297,135.64 | 2,564,484,139.73 | -10.30 | - | | **Financial Expenses** | 61,734,227.73 | 100,905,342.54 | -38.82 | Decrease in interest expense on lease liabilities and increase in exchange gains in current period | | **Net Cash Flow from Operating Activities** | 796,685,017.68 | 440,647,865.66 | 80.80 | Decrease in cash paid for goods purchased, services received, and other operating activities in current period | | **Net Cash Flow from Investing Activities** | 308,592,494.33 | 786,539,005.80 | -60.77 | Increase in cash paid for investments in current period | | **Net Cash Flow from Financing Activities** | -838,073,758.63 | -609,433,955.37 | -37.52 | Increase in cash paid for dividend distribution, profit, or interest repayment in current period | [Analysis of Assets and Liabilities](index=10&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) Asset and liability structure remained stable, with notable changes in specific accounts due to operational adjustments | Item Name | Period-End Balance (Yuan) | Change from Prior Year-End (%) | Explanation | | :--- | :--- | :--- | :--- | | **Construction in Progress** | 8,357,210.61 | 51.98 | Increased investment in financial system construction projects in current period | | **Long-term Borrowings** | 0.00 | -100.00 | Transferred to non-current liabilities due within one year in current period | | **Prepayments** | 36,364,239.54 | -62.86 | Decrease in prepaid goods in current period | | **Other Receivables** | 148,272,557.64 | -30.47 | Recovery of Tonghui card receivables and other outstanding payments in current period | | **Other Current Assets** | 102,958,887.52 | -41.63 | VAT input tax refund processed in current period | | **Provisions** | 1,342,611.36 | -83.25 | Some lawsuits have final judgments in current period | - As of the end of the reporting period, the company's main restricted assets were cash and cash equivalents of **$714.42 million**, primarily for prepaid card deposits, letter of guarantee pledges, regulated accounts, and court-frozen funds[34](index=34&type=chunk) [Investment Status Analysis](index=11&type=section&id=Investment%20Status%20Analysis) Significant investments were made to acquire subsidiaries from the controlling shareholder to resolve horizontal competition - To resolve horizontal competition issues, the company's subsidiary acquired 100% equity in four subsidiaries from controlling shareholder Dashang Group and other related parties for **$814.12 million**, including Zhuanghe Qiansheng, Donggang Qiansheng, Shenyang Qiansheng, and Anshan Commercial Investment[36](index=36&type=chunk) Bank Wealth Management Products | Item Name | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | Current Period Change (Yuan) | Impact on Current Period Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | 1,939,058,000.00 | 2,330,058,157.03 | -391,000,157.03 | 30,441,927.69 | [Analysis of Major Holding and Participating Companies](index=12&type=section&id=Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Subsidiary performance varied, with some showing profit growth due to asset disposal and others experiencing declines Net Profit of Major Subsidiaries | Subsidiary Full Name | Net Profit (Yuan) | Net Profit in Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Dalian International Commercial Building | 16,928,528.68 | 20,433,809.72 | -17.15% | | Dashang Daqing Xinmart Shopping Plaza Co., Ltd. | 59,691,542.45 | 65,056,339.98 | -8.25% | | Dashang Fushun Department Store Co., Ltd. | 11,860,587.08 | 18,977,691.44 | -37.50% | | Dashang Daqing Department Store Co., Ltd. | 76,587,979.78 | 41,126,433.50 | 86.23% | | Dashang Co., Ltd. Mudanjiang Department Store Co., Ltd. | 8,158,068.74 | 12,606,180.97 | -35.29% | [Risk Analysis](index=12&type=section&id=Risk%20Analysis) Company faces ongoing risks from pandemic, intensified industry competition, and internal operational challenges - The company faces several key risks: - **Pandemic Risk**: Uncertainty from sporadic local outbreaks is expected to continue impacting the retail industry - **Industry Risk**: Changes in consumer habits, emergence of new formats and models, and increasing competition intensify transformation pressure for physical retail - **Operational Risk**: Difficulty in realizing reform benefits in the short term; regional layout needs optimization; some older stores have outdated properties; uncertainty in new business expansion; closing loss-making stores may temporarily reduce revenue and increase non-operating expenses[40](index=40&type=chunk)[41](index=41&type=chunk) Corporate Governance [Shareholders' Meeting Overview](index=13&type=section&id=Shareholders%27%20Meeting%20Overview) Three shareholder meetings approved key resolutions including annual reports and board elections - Three shareholder meetings were held during the reporting period, approving significant matters including the "2021 Annual Report," "Proposal on the Election of Non-Independent Directors for the Eleventh Board of Directors," and "Proposal on the Acquisition of Equity in Shenyang Qiansheng, Zhuanghe Qiansheng, Anshan Commercial Investment, and Donggang Qiansheng, and Related Party Transactions"[43](index=43&type=chunk)[46](index=46&type=chunk) [Changes in Directors, Supervisors, and Senior Management](index=14&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Company completed re-election of board and supervisory board, appointing new senior management - Due to the expiration of the term of the Tenth Board of Directors and Supervisory Board, the company conducted re-elections, forming a new board with Lu Weishun as Chairman and appointing a new senior management team with Yan Li as General Manager[47](index=47&type=chunk) Environmental and Social Responsibility [Environmental Information](index=15&type=section&id=Environmental%20Information) Company actively promotes environmental protection, energy conservation, and green consumption - The company is not classified as a key polluting enterprise but is committed to becoming a physical retail enterprise that integrates energy conservation, emission reduction, green product sales, and environmentally friendly shopping[51](index=51&type=chunk) - To reduce carbon emissions, the company has implemented various measures, including: installing escalator photoelectric switches, alternating elevator operations, scientifically setting air conditioning temperatures, replacing energy-saving light bulbs, using induction faucets, promoting online paperless office, and advocating "low-carbon" travel[52](index=52&type=chunk)[53](index=53&type=chunk) Significant Matters [Fulfillment of Commitments](index=17&type=section&id=Fulfillment%20of%20Commitments) Controlling shareholder successfully fulfilled commitment to resolve horizontal competition issues - Controlling shareholder Dashang Group fulfilled its commitment to resolve horizontal competition within 24 months, addressing all 14 stores with horizontal competition issues by closing 4, selling 5 to the listed company, entrusting management of 4, and the listed company closing 1[57](index=57&type=chunk) [Major Litigation and Arbitration Matters](index=20&type=section&id=Major%20Litigation%20and%20Arbitration%20Matters) Company involved in several significant lawsuits, primarily property lease disputes, with varying resolution stages - The company is involved in multiple housing lease contract disputes, with second-instance judgments upholding the original verdicts for series disputes with Xinda Investment and Jinboda Investment, and a first-instance judgment received for the dispute with Xinxiang Shengshi Tongtai Property[60](index=60&type=chunk) Major Litigation and Arbitration Cases | Plaintiff | Defendant | Litigation Type | Amount Involved (Yuan) | Progress | | :--- | :--- | :--- | :--- | :--- | | Chaoyang Yili Shihao Real Estate Development Co., Ltd. | The Company and Subsidiaries | Civil Litigation | 32,774,100.00 | Executed, company filed for retrial on the first lawsuit | | Dashang Jinzhou Department Store Co., Ltd. | Jinzhou Tianxing Real Estate Co., Ltd. | Civil Litigation | 83,937,400.00 | Hearing held, no judgment yet | | Zhengzhou Wild Animal World Culture Tourism Co., Ltd. et al. | Dashang Group Zhengzhou Xinmart et al. | Civil Litigation | 18,000,000.00 | Second instance remanded for retrial, company appealed after retrial first instance judgment | [Significant Related Party Transactions](index=24&type=section&id=Significant%20Related%20Party%20Transactions) Company engaged in routine purchases/sales and a major asset acquisition to resolve competition - Routine related party transactions primarily involve normal purchases and sales of goods and acceptance of services, such as purchasing Maotai and Xinjiang specialties from parent company Dashang Group for **$92.76 million**, and red wine and Australian beef from Fazhi Aomei for **$85.93 million**[65](index=65&type=chunk) - To resolve horizontal competition, the company acquired 100% equity in four companies from related parties Dashang Group and Investment Management Co., Ltd., and entered into entrusted operation and management agreements for five stores with them; as of July 28, 2022, the industrial and commercial changes for the equity acquisition were completed[69](index=69&type=chunk)[70](index=70&type=chunk) - At period-end, the company's receivables from related parties totaled **$147 million**, and payables to related parties totaled **$445 million**, primarily arising from procurement, sales, property leases, and prepaid card Tonghui business, with **$308 million** in other payables from cash pooling management of acquired target companies[75](index=75&type=chunk) Share Changes and Shareholder Information [Share Capital Changes](index=32&type=section&id=Share%20Capital%20Changes) Company's total share capital and equity structure remained unchanged during the reporting period - The company's total share capital and equity structure remained unchanged during the reporting period[82](index=82&type=chunk) [Shareholder Information](index=32&type=section&id=Shareholder%20Information) Company has 27,487 shareholders, with top two major shareholders having significant pledged holdings Top Shareholders | Shareholder Name | Period-End Shareholding (Shares) | Proportion (%) | Share Status | | :--- | :--- | :--- | :--- | | Dashang Group Co., Ltd. | 86,666,671 | 29.51 | Pledged 42,500,000 | | Dalian Guoshang Asset Management Co., Ltd. | 25,013,382 | 8.52 | Pledged 12,500,000 | | Central Huijin Asset Management Co., Ltd. | 8,538,100 | 2.91 | None | | Yang Longhuo | 5,579,637 | 1.90 | None | Financial Report [Financial Statements](index=35&type=section&id=Financial%20Statements) The financial statements provide a comprehensive overview of the company's assets, liabilities, equity, and performance for the period Consolidated Balance Sheet (Period-End) | **Consolidated Balance Sheet (Period-End)** | **Amount (Yuan)** | | :--- | :--- | | Total Assets | 19,432,642,582.63 | | Total Liabilities | 10,486,518,619.44 | | Total Equity Attributable to Parent Company Owners | 8,692,446,014.14 | Consolidated Income Statement (Current Period) | **Consolidated Income Statement (Current Period)** | **Amount (Yuan)** | | :--- | :--- | | Total Operating Revenue | 3,820,894,681.03 | | Total Profit | 630,048,092.78 | | Net Profit Attributable to Parent Company Shareholders | 425,981,588.22 | Consolidated Cash Flow Statement (Current Period) | **Consolidated Cash Flow Statement (Current Period)** | **Amount (Yuan)** | | :--- | :--- | | Net Cash Flow from Operating Activities | 796,685,017.68 | | Net Cash Flow from Investing Activities | 308,592,494.33 | | Net Cash Flow from Financing Activities | -838,073,758.63 | | Net Increase in Cash and Cash Equivalents | 279,059,405.40 | [Significant Accounting Policies and Estimates](index=57&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) Key accounting policies cover revenue recognition, financial instrument impairment, inventory valuation, and long-term equity investments - **Revenue Recognition**: Revenue is recognized when the customer obtains control of the related goods or services, at the transaction price allocated to that performance obligation; retail sales revenue is recognized when the significant risks and rewards of ownership of the goods are transferred[239](index=239&type=chunk)[240](index=240&type=chunk) - **Financial Instrument Impairment**: Impairment accounting is applied to financial assets measured at amortized cost, some financial assets measured at fair value, lease receivables, etc., based on expected credit losses, and loss provisions are recognized[175](index=175&type=chunk) - **Inventories**: Inventories are valued using the first-in, first-out method when issued, and inventory write-downs are provided at the lower of cost and net realizable value at period-end[188](index=188&type=chunk) - **Long-term Equity Investments**: Investments in subsidiaries are accounted for using the cost method, while investments in associates and joint ventures are accounted for using the equity method[197](index=197&type=chunk)[199](index=199&type=chunk) [Notes to Consolidated Financial Statement Items](index=95&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) Detailed explanations for significant items in consolidated financial statements, including cash, financial assets, and receivables Key Consolidated Financial Statement Items | Item | Period-End Balance (Yuan) | Notes | | :--- | :--- | :--- | | **Cash and Bank Balances** | 3,520,628,352.78 | Including restricted funds of $714.42 million, used for prepaid card deposits, letter of guarantee pledges, etc. | | **Transactional Financial Assets** | 1,958,650,656.50 | Primarily bank wealth management products | | **Accounts Receivable** | 192,720,228.49 | Book balance of $213 million, provision for bad debts of $19.99 million | | **Inventories** | 4,247,017,640.08 | Primarily development costs and merchandise inventory | | **Other Receivables** | 148,272,557.64 | Book balance of $409 million, provision for bad debts of $261 million |

[Important Notice](index=1&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[2](index=2&type=chunk)[3](index=3&type=chunk) - The company's responsible person, the person in charge of accounting work, and the head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial statement information[4](index=4&type=chunk) - This quarterly financial statement has not been audited[5](index=5&type=chunk) [I. Major Financial Data](index=1&type=section&id=I.%20Major%20Financial%20Data) This chapter outlines the company's Q1 2022 financial performance, showing year-on-year declines in operating revenue, net profit attributable to the parent company, and net cash flow from operating activities, while detailing non-recurring gains and losses and explaining key financial indicator changes [(I) Major Accounting Data and Financial Indicators](index=1&type=section&id=%28I%29%20Major%20Accounting%20Data%20and%20Financial%20Indicators) The company's Q1 2022 operating revenue, net profit attributable to shareholders, and net cash flow from operating activities all decreased year-on-year, with total assets and owners' equity slightly increasing from the previous year-end 2022 Q1 Major Accounting Data and Financial Indicators | Item | Amount for this period (CNY) | Year-on-year change for this period (%) | Amount at end of this period (CNY) | Change from end of previous year (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 2,203,339,322.34 | -10.55 | - | - | | Net Profit Attributable to Shareholders of Listed Company | 234,071,399.94 | -19.18 | - | - | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 209,675,658.04 | -13.86 | - | - | | Net Cash Flow from Operating Activities | 213,860,402.24 | -62.96 | - | - | | Basic Earnings Per Share (CNY/share) | 0.82 | -17.17 | - | - | | Diluted Earnings Per Share (CNY/share) | 0.82 | -17.17 | - | - | | Weighted Average Return on Net Assets (%) | 2.61 | Decreased by 0.62 percentage points | - | - | | Total Assets | - | - | 19,703,787,088.11 | 0.96 | | Owners' Equity Attributable to Shareholders of Listed Company | - | - | 9,069,722,317.87 | 2.65 | [(II) Non-recurring Gains and Losses and Amounts](index=2&type=section&id=%28II%29%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) The company's Q1 2022 non-recurring gains and losses totaled **CNY 24,395,741.90**, primarily from fair value changes of financial assets, other non-operating income, and government grants 2022 Q1 Non-recurring Gains and Losses and Amounts | Item | Amount for this period (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | 63,514.80 | | Government grants recognized in current profit or loss | 4,082,523.43 | | Funds occupation fees collected from non-financial enterprises recognized in current profit or loss | 909,584.90 | | Gains or losses from changes in fair value of transactional financial assets and investment income | 15,034,522.98 | | Other non-operating income and expenses apart from the above | 8,514,508.41 | | Less: Income tax impact | 3,266,044.21 | | Minority interest impact (after tax) | 942,868.41 | | Total | 24,395,741.90 | [(III) Changes and Reasons for Major Accounting Data and Financial Indicators](index=2&type=section&id=%28III%29%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Data%20and%20Financial%20Indicators) Multiple accounting data and financial indicators experienced significant changes this period, with several items decreasing substantially due to various operational and financial factors, while employee compensation and asset impairment losses increased significantly Major Accounting Data, Financial Indicators Changes and Reasons | Item Name | Change Ratio (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | -50.25 | Decrease in advance payments for goods this period | | Employee Compensation Payable | 36.26 | Increase in employee wages payable this period | | Other Income | -56.54 | Decrease in government grants received this period | | Gains from Changes in Fair Value | -44.72 | Decrease in expected returns from wealth management products this period | | Credit Impairment Losses | -75.51 | Reversal of credit impairment losses due to recovery of receivables in the same period | | Asset Impairment Losses | 2,879.24 | Reversal of asset impairment losses due to recovery of prepayments this period | | Gains from Asset Disposal | -50.11 | Decrease in gains or losses from disposal of long-term assets this period | | Non-operating Income | -61.93 | Receipt of litigation compensation in the same period | | Net Cash Flow from Operating Activities | -62.96 | Decrease in cash received from sales of goods and provision of services this period | | Net Cash Flow from Investing Activities | -11.18 | Increase in cash paid for investments this period | | Net Cash Flow from Financing Activities | 38.99 | Decrease in cash paid for debt repayment this period | [II. Shareholder Information](index=3&type=section&id=II.%20Shareholder%20Information) This chapter discloses the total number of common shareholders, the top ten shareholders' shareholdings, and the top ten unrestricted shareholders' shareholdings as of the end of the reporting period, including major shareholders' pledge status [(I) Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding](index=3&type=section&id=%28I%29%20Total%20Number%20of%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding) As of the end of the reporting period, the company had **25,150** common shareholders and no preferred shareholders with restored voting rights, with the top two shareholders, Dashang Group Co., Ltd. and Dalian Guoshang Asset Management Co., Ltd., having pledged shares - Total common shareholders at the end of the reporting period was **25,150**, with no preferred shareholders with restored voting rights[11](index=11&type=chunk) Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Ratio (%) | Share Status | Number (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Dashang Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 86,666,671 | 29.51 | Pledged | 42,500,000 | | Dalian Guoshang Asset Management Co., Ltd. | State-Owned Legal Person | 25,013,382 | 8.52 | Pledged | 12,500,000 | | Central Huijin Asset Management Co., Ltd. | State-Owned Legal Person | 8,538,100 | 2.91 | Unpledged | - | | Yang Longhuo | Unknown | 5,579,637 | 1.90 | Unpledged | - | | Mao Yueming | Unknown | 3,288,142 | 1.12 | Unpledged | - | | Lv Kecai | Unknown | 2,824,500 | 0.96 | Unpledged | - | | Dalian International Trust and Investment Company | Unknown | 2,516,085 | 0.86 | Unpledged | - | | Song Zhijie | Unknown | 1,730,047 | 0.59 | Unpledged | - | | Li Weihong | Unknown | 1,515,600 | 0.52 | Unpledged | - | | Chen Xuegeng | Unknown | 1,428,767 | 0.49 | Unpledged | - | - The company is unaware of any associated relationships or concerted actions among the aforementioned circulating shareholders[12](index=12&type=chunk) [III. Other Reminders](index=4&type=section&id=III.%20Other%20Reminders) During this reporting period, the company has no other important operating information requiring special attention from investors - No other important operating information requiring investor attention during this reporting period[13](index=13&type=chunk) [IV. Quarterly Financial Statements](index=4&type=section&id=IV.%20Quarterly%20Financial%20Statements) This chapter presents the company's consolidated and parent company financial statements for Q1 2022, including the balance sheet, income statement, and cash flow statement, providing a comprehensive overview of its financial position, operating results, and cash flow [(I) Type of Audit Opinion](index=4&type=section&id=%28I%29%20Type%20of%20Audit%20Opinion) This quarterly financial statement has not been audited - This quarterly financial statement has not been audited[13](index=13&type=chunk) [(II) Financial Statements](index=4&type=section&id=%28II%29%20Financial%20Statements) This section details the company's consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2022, providing unaudited financial data reflecting the company's asset-liability structure, profitability, and cash flow status [Consolidated Balance Sheet](index=4&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2022, the company's consolidated total assets were **CNY 19.704 billion**, a slight increase from the previous year-end; total liabilities were **CNY 10.399 billion**, and total owners' equity was **CNY 9.305 billion** Consolidated Balance Sheet Key Data (March 31, 2022) | Item | Amount (CNY) | | :--- | :--- | | Total Assets | 19,703,787,088.11 | | Total Liabilities | 10,398,984,946.32 | | Total Owners' Equity (or Shareholders' Equity) | 9,304,802,141.79 | [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) In Q1 2022, the company's consolidated total operating revenue was **CNY 2.203 billion**, a year-on-year decrease of **10.55%**; net profit attributable to parent company shareholders was **CNY 234.07 million**, a year-on-year decrease of **19.18%** Consolidated Income Statement Key Data (Q1 2022) | Item | Q1 2022 Amount (CNY) | Q1 2021 Amount (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 2,203,339,322.34 | 2,463,151,227.40 | | Operating Profit | 340,611,237.52 | 399,738,401.17 | | Total Profit | 349,125,745.93 | 427,835,360.30 | | Net Profit | 252,045,904.05 | 314,074,602.43 | | Net Profit Attributable to Parent Company Shareholders | 234,071,399.94 | 289,623,905.53 | | Basic Earnings Per Share (CNY/share) | 0.82 | 0.99 | [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2022, the company's consolidated net cash flow from operating activities was **CNY 213.86 million**, a significant year-on-year decrease of **62.96%**; net cash flow from investing activities was **CNY 172.99 million**; net cash flow from financing activities was **-CNY 148.49 million** Consolidated Cash Flow Statement Key Data (Q1 2022) | Item | Q1 2022 Amount (CNY) | Q1 2021 Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 213,860,402.24 | 577,375,661.33 | | Net Cash Flow from Investing Activities | 172,996,870.90 | 194,767,811.70 | | Net Cash Flow from Financing Activities | -148,491,649.20 | -243,380,687.64 | | Net Increase in Cash and Cash Equivalents | 237,166,270.19 | 532,189,771.33 | | Cash and Cash Equivalents at End of Period | 2,737,320,038.26 | 3,093,258,805.32 | [Parent Company Balance Sheet](index=11&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2022, the parent company's total assets were **CNY 14.605 billion**, a slight increase from the previous year-end; total liabilities were **CNY 6.507 billion**, and total owners' equity was **CNY 8.098 billion** Parent Company Balance Sheet Key Data (March 31, 2022) | Item | Amount (CNY) | | :--- | :--- | | Total Assets | 14,605,192,114.52 | | Total Liabilities | 6,506,868,917.09 | | Total Owners' Equity (or Shareholders' Equity) | 8,098,323,197.43 | [Parent Company Income Statement](index=13&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2022, the parent company's operating revenue was **CNY 525.20 million**, a year-on-year decrease; net profit was **CNY 43.06 million**, a slight year-on-year increase Parent Company Income Statement Key Data (Q1 2022) | Item | Q1 2022 Amount (CNY) | Q1 2021 Amount (CNY) | | :--- | :--- | :--- | | Operating Revenue | 525,202,280.61 | 643,375,512.02 | | Operating Profit | 48,881,713.20 | 54,546,605.45 | | Total Profit | 51,460,077.70 | 56,232,292.54 | | Net Profit | 43,061,714.42 | 42,280,635.39 | [Parent Company Cash Flow Statement](index=14&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2022, the parent company's net cash flow from operating activities was **CNY 52.78 million**, a year-on-year decrease; net cash flow from investing activities was **CNY 210.46 million**, a significant year-on-year decrease; net cash flow from financing activities was **-CNY 17.23 million** Parent Company Cash Flow Statement Key Data (Q1 2022) | Item | Q1 2022 Amount (CNY) | Q1 2021 Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 52,777,188.38 | 82,127,467.95 | | Net Cash Flow from Investing Activities | 210,462,660.88 | 625,214,839.14 | | Net Cash Flow from Financing Activities | -17,226,184.17 | -206,083,856.42 | | Net Increase in Cash and Cash Equivalents | 246,013,665.09 | 501,258,450.67 | | Cash and Cash Equivalents at End of Period | 2,402,638,902.55 | 2,719,729,619.96 | [First-time Adoption of New Accounting Standards and Adjustments to Opening Financial Statements from 2022](index=16&type=section&id=First-time%20Adoption%20of%20New%20Accounting%20Standards%20and%20Adjustments%20to%20Opening%20Financial%20Statements%20from%202022) The company adopted new accounting standards for the first time starting in 2022, but there were no adjustments to the opening financial statements for the first year of adoption in this reporting period - The company adopted new accounting standards from 2022, but no related financial statement adjustments were made this reporting period[35](index=35&type=chunk) [Special Announcement](index=16&type=section&id=Special%20Announcement) This report was officially released by the Board of Directors of Dashang Co., Ltd. on April 30, 2022 - The Board of Directors of Dashang Co., Ltd. released this announcement on April 30, 2022[35](index=35&type=chunk)

2021 年年度报告 公司代码：600694 公司简称：大商股份 大商股份有限公司 2021 年年度报告 1 / 227 2021 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 大华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人牛钢、主管会计工作负责人孙凤玉及会计机构负责人（会计主管人员）孙凤玉 声明：保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 经大华会计师事务所（特殊普通合伙）审计，公司 2021 年度实现归属于上市公司股东的净 利润 702,183,447.59 元，母公司实现净利润 747,764,929.90 元，提取 10%法定盈余公积 74,776,492.99 元，母公司累计未分配利润 6,029,220,386.27 元。本次利润分配拟向全体股东 按每 10 股派发现金红利 20.00 元（含税）。 根据《上市公 ...

大商股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2021 年第三季度报告 证券代码：600694 证券简称：大商股份 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,765,579,149.23 | -12.38 | 6,141,444,173.50 | 2.6 ...

2021 年半年度报告 公司代码：600694 公司简称：大商股份 大商股份有限公司 2021 年半年度报告 1 / 184 2021 年半年度报告 重要提示 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 本报告期公司无利润分配及资本公积金转增股本预案。 六、前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的经营计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险 七、是否存在被控股股东及其关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况？ 否 九、是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、重大风险提示 公司已在半年度报告中详细描述可能面临的相关风险，敬请投资者查阅本报告中"管理层讨论与分 析"等有关章节中关于公司面临风险的描述。 在本报告书中，除非文义另有所指，下列词语具有如下含义： | 常用词语释义 | | | | --- | --- | --- | | 大商股份、本公司、公司、上市公司 | 指 | 大商股份有限公司 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 上交所 ...

公司代码：600694 公司简称：大商股份 大商股份有限公司 2021 年第一季度报告 1 / 24 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2021 年第一季度报告 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 21,742,559,662.64 | 17,273,510,536.86 | | 25.87 | | 归属于上市公司 | 8,992,058,318.63 | 9,268,338,984.12 | | -2.98 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 577,375,661.33 ...

2020 年年度报告 公司代码：600694 公司简称：大商股份 大商股份有限公司 2020 年年度报告 1 / 237 2020 年年度报告 重要提示 三、 大华会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人牛钢、主管会计工作负责人宋文礼及会计机构负责人（会计主管人员）孙凤玉声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经大华会计师事务所（特殊普通合伙）审计，公司 2020 年度实现归属于上市公司股东的净利 润 499,402,806.23 元，母公司累计未分配利润 5,622,125,253.18 元。本次利润分配拟向全体股 东按每 10 股派发现金红利 6.00 元（含税）。 根据《上市公司回购股份实施细则》等有关规定，上市公司回购专用证券账户中的股份，不 享有利润分配的权利。截至2021年4月14日，公司通过回购专用证券账户回购公司股份5,029,907 股，不参与本次利润分配。同时根据公司《关于以集中竞价交易方式回购股份的方案》，公司将 继续回购股份。实施 2020 年度利润分配前，公司回购专用 ...