Financial Performance - The total profit for 2014 was CNY 590.36 million, with a net profit attributable to shareholders of CNY 491.66 million, representing a decrease of 39.93% compared to the previous year[2]. - The company's operating revenue for 2014 was CNY 30.14 billion, a decline of 3.94% from CNY 31.38 billion in 2013[24]. - The net cash flow from operating activities was negative CNY 116.73 million, a significant decrease of 136.93% compared to the previous year's positive cash flow[24]. - The total assets at the end of 2014 were CNY 11.73 billion, down 4.24% from CNY 12.25 billion at the end of 2013[24]. - The company's net assets attributable to shareholders increased by 3.67% to CNY 4.56 billion compared to CNY 4.40 billion in 2013[24]. - The proposed cash dividend for 2014 is CNY 3.65 per 10 shares, totaling CNY 148.38 million for all shareholders[2]. - Basic earnings per share were CNY 1.21, representing a 44.75% decrease compared to CNY 2.19 in 2013[32]. - The net profit attributable to the parent company was CNY 492 million, a decline of 39.93% year-on-year[32]. - The total profit for the year was CNY 590 million, down 38.98% from the previous year[32]. Revenue and Sales - In 2014, the company achieved operating revenue of CNY 30.14 billion, a decrease of 3.94% compared to CNY 31.38 billion in 2013[36]. - Department store revenue decreased by 5.39%, supermarket revenue decreased by 7.54%, while electrical appliance revenue increased by 1.14%[39]. - The company’s revenue from the Sichuan region increased by 9.29%, while revenue from the Chongqing region decreased by 6.01%[54]. - The company is in the early stages of developing new businesses such as e-commerce and cross-border e-commerce, which have not yet significantly impacted revenue and profit[40]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Shangshe Xinke and Shangshe Electronics, impacting the financial statements due to adjustments in the consolidated balance sheet[26]. - The company completed the acquisition of 100% equity in Chongqing Shansha Information Technology Co., Ltd. and Chongqing Shansha Electronic Sales Co., Ltd., making them wholly-owned subsidiaries[62]. - The company made a total of 289.18 million yuan in equity investments during the year, with a year-on-year increase of 80.58%[61]. - The company invested 90 million yuan to hold 30% of the registered capital in Chongqing Ma Shang Consumer Finance Co., Ltd., which has a total registered capital of 300 million yuan[61]. Cash Flow and Financial Management - The net cash flow from operating activities was negative CNY 116.73 million, a decline of 136.93% compared to the previous year[37]. - The company’s cash and cash equivalents decreased by 29.63% compared to the previous period, amounting to 373.56 million yuan[55]. - The company’s investment activities generated a net cash inflow of 83.40% compared to the previous period, due to the transfer of some fixed deposits to current accounts[46]. - The company reported a cumulative usage of raised funds amounting to RMB 59.74 million, with a net interest income of RMB 3.17 million from bank deposits[71]. Strategic Initiatives - The company launched online trading platforms "Shiji Gou" and "Shiji Xiu" in September and October 2014, marking a significant step in e-commerce[32]. - The company established a joint venture for smart home business and obtained direct supply qualifications from Samsung, enhancing sales scale and gross profit[33]. - The company is expanding its market presence in the southwestern region of China, aiming to become the largest and most efficient retail group in that area[76]. - The company is focusing on supply chain improvements and exploring new business models, including financial services, to create new profit growth points[77]. Governance and Compliance - The company has revised its profit distribution policy to ensure transparency and protect the rights of minority shareholders, allowing for a diversified approach to returning value to investors[85]. - The company has committed to actively implementing its cash dividend policy in line with its financial situation to provide reasonable returns to investors[85]. - The company has outlined its commitment to maintaining compliance and transparency in its financial practices, ensuring the protection of shareholder interests[85]. - The governance structure complies with the requirements of the Company Law and the Securities Law, ensuring transparency and protection of shareholder rights[193]. Legal Matters - The company has faced several legal disputes, including a case involving employee fund misappropriation and another regarding property infringement, which have been disclosed in interim reports[89]. - The company is involved in a legal dispute with Chongqing Dashing Asset Management Group Co., Ltd., claiming damages of 3.75 million yuan for unilateral contract termination[97]. - The company has ongoing litigation related to labor compensation claims, with one case involving a total claim of 247,000 RMB for damages due to an injury sustained during work[95]. - The company has ongoing litigation regarding lease agreements with multiple parties, impacting its financial obligations[98]. Employee and Management Structure - The total number of employees in the parent company is 9,263, while the main subsidiaries employ 13,215, resulting in a total of 22,478 employees[186]. - The total compensation paid for outsourced labor amounted to 23,019.76 thousand yuan, indicating a significant year-on-year increase[191]. - The company has a diverse board with members holding various positions, including independent directors and supervisors, contributing to governance[175]. - The company has seen changes in its board composition with several members departing and new appointments made[175]. Future Outlook - The company plans to achieve a revenue target of 32,082 million RMB and a total profit of 663 million RMB for 2015, indicating a growth strategy focused on improving operational quality and efficiency[77]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[177]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next fiscal year[177]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[177].

Financial Performance - Net profit attributable to shareholders decreased by 20.34% to CNY 485,591,916.11 for the first nine months of the year[8]. - Operating revenue for the first nine months decreased by 6.39% to CNY 20,684,845,935.17 compared to the same period last year[8]. - The weighted average return on equity decreased by 6.43 percentage points to 10.84%[8]. - Total operating revenue for the period (July-September) was CNY 5,537,829,248.53, a decrease of 9.05% compared to CNY 6,086,708,945.32 in the same period last year[40]. - Net profit for the period was CNY 57,968,884.25, a decline of 57.5% compared to CNY 136,234,620.72 in the same period last year[42]. - Total profit for the period was CNY 68,680,740.82, a decrease of 57.3% from CNY 160,708,663.78 year-on-year[42]. - Earnings per share (EPS) for the period was CNY 0.14, down from CNY 0.37 in the same period last year[42]. - Investment income for the period was CNY 367,712.40, a significant drop from CNY 4,713,764.41 in the same period last year[42]. Asset and Liability Changes - Total assets decreased by 4.42% to CNY 10,954,759,504.64 compared to the end of the previous year[8]. - Total current assets decreased from ¥8,095,363,648.27 at the beginning of the year to ¥7,240,175,977.59, a decline of approximately 10.6%[32]. - Total liabilities decreased from ¥7,055,154,964.15 to ¥6,320,155,636.78, a reduction of approximately 10.4%[34]. - Total equity increased from ¥4,405,617,569.09 to ¥4,634,603,867.86, an increase of about 5.2%[34]. - Non-current assets increased from ¥3,365,408,884.97 to ¥3,714,583,527.05, an increase of approximately 10.4%[33]. - The company’s retained earnings increased from ¥2,774,658,629.17 to ¥2,996,007,043.03, an increase of about 8.0%[34]. Cash Flow and Investment Activities - Cash flow from operating activities showed a significant decline of 108.17%, resulting in a net outflow of CNY 25,795,516.38[8]. - Operating cash inflow for the first nine months of 2014 was CNY 21.64 billion, a decrease of 8.5% compared to CNY 23.65 billion in the same period last year[48]. - Net cash flow from operating activities for Q3 2014 was -CNY 25.80 million, a significant decline from CNY 315.89 million in Q3 2013[49]. - Total cash outflow from operating activities for Q3 2014 was CNY 21.66 billion, down from CNY 23.33 billion in Q3 2013[49]. - Cash and cash equivalents at the end of Q3 2014 stood at CNY 2.44 billion, a decrease from CNY 2.53 billion at the end of Q3 2013[50]. - Net cash flow from investment activities for Q3 2014 was -CNY 108.13 million, an improvement from -CNY 676.33 million in Q3 2013[49]. - Total cash inflow from investment activities for Q3 2014 was CNY 1.44 billion, compared to CNY 2.37 billion in Q3 2013[49]. - Cash outflow from investment activities for Q3 2014 was CNY 1.55 billion, down from CNY 3.04 billion in Q3 2013[49]. Shareholder and Market Information - The number of shareholders reached 22,287, with the top ten shareholders holding 82.67% of the total shares[11]. - The company raised a total of RMB 597.4152 million from the non-public offering, which has been fully utilized to supplement working capital[21]. - The company has not sold any shares from the non-public offering during the commitment period[22]. - The company has made a long-term dividend plan, details of which can be found in the announcement dated October 30, 2012[25]. Operational Independence and Compliance - The company is committed to maintaining operational independence from Chongqing Commercial Group, ensuring separation in personnel, finance, and operations[18]. - Chongqing Commercial Group is actively reducing and regulating related party transactions with the company, adhering to legal procedures for disclosure[18]. - There are no current competitive business operations by Chongqing Commercial Group that conflict with the company's main business[19]. - New Horizon Capital and associated entities are fulfilling their commitment to disclose information as required by law[20]. - Chongqing Commercial Group has committed to bear any losses arising from tax issues prior to the introduction of New Horizon Lakeview[20]. - The company is actively addressing issues related to property rights and ensuring compliance with regulations to avoid operational disruptions[24]. - The company has not faced any significant adverse effects from the lack of complete property ownership documentation[24]. - The company has committed to maintaining normal operations and mitigating any adverse impacts from potential disputes regarding leased properties[23]. Government Subsidies and Impairment Losses - The company recognized government subsidies amounting to CNY 5,506,516.65 for the year-to-date[10]. - Asset impairment losses decreased significantly by 137.24%, from ¥7,021,095.75 to -¥2,614,926.82[15]. - Investment income dropped by 71.61%, from ¥12,909,272.76 to ¥3,665,136.71[15]. - Non-operating expenses decreased by 45.35%, from ¥15,666,980.54 to ¥8,561,894.92[15]. Expense Management - Sales expenses increased to CNY 790,587,407.70, up 8.0% from CNY 732,196,233.08 in the same period last year[40]. - Management expenses rose to CNY 219,764,251.79, an increase of 25% compared to CNY 175,940,744.21 in the same period last year[40].

Financial Performance - In 2013, the company achieved a total profit of CNY 954.02 million, with a net profit attributable to shareholders of CNY 806.01 million, representing a year-on-year increase of 16.48%[8]. - The company's operating revenue for 2013 was CNY 30.19 billion, reflecting a growth of 7.28% compared to 2012[26]. - The net profit attributable to the parent company was CNY 8.06 billion, with earnings per share of CNY 2.16, reflecting a growth of 16.76%[32]. - The company reported a net profit of CNY 790.33 million after deducting non-recurring gains and losses, which is a 16.33% increase from the previous year[26]. - The total revenue for the company was CNY 29,241,858,817.81, representing a year-on-year increase of 6.79%[48]. - The gross profit margin for the year was supported by a 5.41% increase in operating costs, which totaled CNY 25.21 billion[35]. - The gross margin for the department store segment increased by 0.88 percentage points to 16.09%[48]. - The company reported a cash dividend of CNY 6.50 per 10 shares for 2013, with a payout ratio of 32.78% of the net profit attributable to shareholders[78]. Assets and Liabilities - The total assets of the company at the end of 2013 were CNY 11.46 billion, an increase of 4.15% from the previous year[26]. - The net assets attributable to shareholders reached CNY 4.38 billion, marking a significant increase of 32.55% year-on-year[26]. - The company’s financial leverage improved, with a 7 percentage point reduction in the debt-to-asset ratio following a successful capital increase[33]. - The inventory at the end of the period was CNY 1,832,785,979.42, representing 15.99% of total assets[48]. - The total amount of guarantees provided by the company to its subsidiaries during the reporting period was CNY 483.62 million[100]. Cash Flow - The net cash flow from operating activities decreased by 61.18% to CNY 428.47 million in 2013[26]. - The net cash flow from operating activities decreased by 61.18% due to increased payments to employees and taxes[44]. - The investment cash flow increased by 66.20%, primarily due to changes in fixed deposits[44]. Strategic Development - The company completed the acquisition of 100% equity in Qingrong Logistics, increasing its own warehouse capacity by 85,000 square meters[33]. - The company’s strategic development plan initiated in March 2013 aims to enhance market competitiveness amid industry changes[38]. - The company plans to distribute a cash dividend of CNY 6.50 per 10 shares, totaling CNY 264.24 million to shareholders[8]. - The company expects to achieve a revenue of CNY 32.666 billion and a total profit of CNY 1.02 billion in 2014, with the addition of 12 new outlets[70]. - The company aims to maintain its leading position in the Southwest region, focusing on strategic expansion in Chongqing and surrounding areas to enhance overall store efficiency[69]. Market and Competition - The retail industry is highly competitive, with pressures from both domestic and international retailers, as well as the rapid growth of e-commerce affecting traditional retail operations[73]. - The company has opened stores outside Chongqing in Sichuan, Guizhou, and Hubei provinces, facing risks related to consumer preferences and supply chain adjustments in new regions[74]. - The company is committed to innovation in retail business models and technology to differentiate itself from competitors and avoid homogenization[69]. Corporate Governance - The company has maintained a governance structure that complies with the requirements of the Company Law and the China Securities Regulatory Commission[163]. - The company has established effective communication channels with shareholders to ensure their rights to information and participation in major decisions[163]. - The company has created a comprehensive insider information management system to protect shareholder rights and ensure fair information disclosure[166]. - The board of directors has approved a dividend payout of 0.5 CNY per share, reflecting a commitment to returning value to shareholders[145]. Employee and Management - The total number of employees in the parent company is 9,490, while the total number of employees in major subsidiaries is 14,236, resulting in a combined total of 23,726 employees[157]. - The total compensation for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 824.12 million yuan[154]. - The company has established a comprehensive training plan aimed at developing a high-performance team to meet operational needs and employee development[160]. Legal and Compliance - The company has no significant contract disputes during the reporting period, and all contracts were performed normally[102]. - The company has committed to various undertakings related to shareholding and asset restructuring, ensuring compliance until specified deadlines[104]. - The company has not incurred any losses due to tax issues related to the restructuring before the introduction of New Horizon Lakeview[108]. Future Outlook - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year, driven by new product launches and market expansion strategies[145]. - The company plans to expand its market presence by opening 20 new stores across key urban areas in the next year[145]. - A strategic acquisition of a local competitor is anticipated to enhance market share and operational capabilities, with an estimated cost of 300 million CNY[145].

Financial Performance - The company's operating revenue for the first half of 2014 was ¥15,147,016,686.64, a decrease of 5.39% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥427,707,539.09, down 9.63% year-on-year[22]. - Basic earnings per share decreased by 17.32% to ¥1.05 compared to the same period last year[23]. - The weighted average return on equity decreased by 4.14 percentage points to 9.49%[23]. - The company achieved operating revenue of RMB 15.15 billion in the first half of 2014, a decrease of 5.39% year-on-year[28]. - Net profit for the period was RMB 428 million, down 9.63% compared to the previous year[28]. - The company experienced a decrease in comprehensive income, totaling RMB 429.81 million, down from RMB 475.37 million year-on-year[98]. - The net profit for the current period is RMB 427,707,539.09, a decrease from RMB 473,225,386.44 in the same period last year, representing a decline of approximately 9.6%[106]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at ¥287,257,144.30, a significant decline compared to the previous year's positive cash flow[22]. - Operating cash flow turned negative at RMB -287 million, a significant decline from the previous year's positive cash flow[31]. - Cash flow from operating activities showed a net outflow of RMB 287.26 million, compared to a net inflow of RMB 18.76 million in the same period last year[102]. - The total cash inflow from operating activities included 7,112,526,280.47 RMB from sales, an increase from 6,380,953,214.28 RMB year-over-year[104]. - The ending cash and cash equivalents balance was 1,077,538,551.02 RMB, down from 1,183,332,347.04 RMB in the previous year[104]. - The company reported a total cash and cash equivalents balance of RMB 2.29 billion at the end of the period, down from RMB 2.40 billion at the end of the previous year[102]. - The company has a total of 2.16 billion RMB in fixed-term deposits included in its bank deposits, which are not considered cash equivalents for cash flow statement purposes[170]. Assets and Liabilities - The total assets decreased by 11.83% to ¥10,104,723,929.82 compared to the end of the previous year[22]. - The total liabilities and equity decreased from RMB 11,460,772,533.24 to RMB 10,104,723,929.82, a decline of about 11.8%[93]. - The company's total liabilities decreased from RMB 7,055,154,964.15 to RMB 5,533,538,946.21, a decrease of approximately 21.5%[93]. - The total equity attributable to shareholders increased from RMB 4,381,747,001.27 to RMB 4,545,211,038.11, an increase of about 3.7%[93]. - The company's retained earnings increased from RMB 2,774,658,629.17 to RMB 2,938,122,666.01, an increase of approximately 5.9%[93]. Investments and Projects - The company signed 8 new outlets with a total area of 81,000 square meters in the first half of 2014[29]. - The company completed 4 financial management transactions totaling RMB 670 million, enhancing cash management efficiency[29]. - The company has several ongoing projects with a total investment of RMB 11,243.19 million, all of which are not yet operational[49]. - The company has a plan to ensure that any competitive business opportunities are first offered to the listed company before being pursued by Chongqing Commercial Group[65]. - The total budget for various engineering projects amounts to 635,291,014.85 CNY, with significant contributions from self-owned funds[198]. Shareholder Information - Total number of shareholders at the end of the reporting period is 19,823[82]. - The largest shareholder, Chongqing Commercial Group Co., Ltd., holds 49.94% of shares, totaling 203,017,813 shares[82]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders accounting for over 64%[82]. - The company has committed to not transferring shares held by Chongqing Commercial Group for 36 months following the transaction registration[84]. Compliance and Governance - The company has not faced any penalties or corrective actions during the reporting period, indicating a stable governance structure[73]. - The company has committed to maintaining a robust risk management framework regarding property assets[70]. - The company has confirmed that there are no disputes or claims regarding the leased properties, ensuring uninterrupted business operations[69]. - The company has engaged Tianjian Accounting Firm for financial and internal control audits for the year 2014[72]. Accounting Policies and Practices - The financial statements are prepared based on the going concern assumption and comply with the requirements of the enterprise accounting standards[115][116]. - The company uses RMB as its functional currency for accounting purposes[117]. - Revenue from sales of goods is recognized when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[157]. - The company recognizes interest income based on the time and actual interest rates for the use of its funds by others[158]. Related Party Transactions - The company reported a total of CNY 60,650,717 in related party transactions during the reporting period, which are considered routine business activities[55]. - The commitment to reduce and standardize related party transactions is being fulfilled, with all transactions strictly following legal procedures and timely information disclosure[63]. Legal Matters - The company is involved in multiple ongoing lawsuits, including a compensation case totaling CNY 573,700 related to a workplace death[50].

Financial Performance - Operating revenue increased by 2.19% to CNY 9,028,952,843.55 year-on-year[9] - Net profit attributable to shareholders increased by 4.80% to CNY 313,936,390.11 compared to the same period last year[9] - Total operating revenue for the current period reached ¥9,028,952,843.55, an increase of 2.4% compared to ¥8,835,127,080.50 in the previous period[41] - Net profit for the current period was ¥315,095,757.88, compared to ¥300,854,118.04 in the previous period, indicating a growth of 4.7%[42] - Operating revenue for Q1 2014 reached ¥3,897,481,488.81, an increase of 15.6% compared to ¥3,371,682,806.44 in the same period last year[44] - Net profit for Q1 2014 was ¥111,505,201.77, down 63.3% from ¥303,528,846.09 in Q1 2013[45] Assets and Liabilities - Total assets decreased by 7.24% to CNY 10,630,610,069.32 compared to the end of the previous year[9] - Total liabilities also decreased to ¥5,932,256,248.27 from ¥7,077,514,470.07, representing a reduction of about 16.1%[34] - The total current assets decreased to CNY 7,047,718,949.41 from CNY 8,095,363,648.27, indicating a reduction of about 12.93%[32] - Inventory levels decreased to CNY 1,496,621,217.88 from CNY 1,832,785,979.42, reflecting a decline of approximately 18.35%[32] - Accounts receivable increased by 41.92% to CNY 55,562,866.17 due to increased sales on a post-sale payment basis[15] Cash Flow - Net cash flow from operating activities decreased by 33.06% to CNY -416,195,057.51[9] - Cash and cash equivalents at the end of Q1 2014 totaled ¥2,351,777,481.08, a decrease from ¥2,171,989,520.07 in the same period last year[50] - The company reported a net cash outflow from operating activities of ¥416,195,057.51, compared to a net outflow of ¥312,778,868.60 in the previous year[49] - Investment activities generated a net cash inflow of ¥23,583,851.52, a significant improvement from a net outflow of ¥322,817,110.40 in Q1 2013[53] Shareholder Information - The number of shareholders reached 16,896, with the largest shareholder holding 49.94% of the shares[14] - The long-term dividend plan is outlined in the company's announcement dated October 30, 2012, ensuring a commitment to shareholder returns[30] Related Party Transactions - The company is actively reducing and regulating related party transactions with Chongqing Shangshe Group, ensuring no harm to the rights of other shareholders[23] - The company has no current competition with Chongqing Shangshe Group and is committed to avoiding any future competition[24] Investment and Construction - The company increased its construction in progress by 205 million yuan for the Hechuan Zhongao project[19] - The company has committed to not using the proceeds from its non-public offering for real estate development or financial investments, ensuring compliance with regulatory requirements[26] - The company raised CNY 59,741.52 million from its non-public offering, which has been fully allocated to supplement working capital[26] Financial Management - Financial expenses decreased by 98.35% to CNY 6,487.33, attributed to increased net interest income[18] - Investment income decreased by 40.41% to CNY 2,195,169.83 due to reduced interest from recovered entrusted loans[18] - The company experienced a 31.85% decline in non-operating income, totaling CNY 3,227,722.34, primarily due to a decrease in government subsidies received[18] Compliance and Risk Management - The company is actively managing its property assets to mitigate risks and ensure compliance with regulations regarding property usage[30] - The company has committed to addressing any potential disputes regarding property leases to ensure continued business operations[28] - The company has not faced any significant adverse impacts from property ownership issues, maintaining operational stability[29]