Financial Performance - The company's operating revenue for Q1 2023 was CNY 541,907,558.76, a decrease of 3.94% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 46,242,437.70, an increase of 298.34% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 45,590,212.86, up 1108.95% from the previous year[3]. - Basic earnings per share were CNY 0.1485, reflecting a year-on-year increase of 298.12%[3]. - Total revenue for Q1 2023 was CNY 541.91 million, a decrease of 3.9% compared to CNY 564.11 million in Q1 2022[19]. - Operating profit for Q1 2023 increased to CNY 47.68 million, compared to CNY 14.44 million in Q1 2022, representing a growth of 230.5%[19]. - The company reported a net profit of CNY 48.04 million for Q1 2023, a significant increase from CNY 13.49 million in Q1 2022[19]. - The net profit for Q1 2023 was CNY 48,041,950.90, compared to CNY 13,490,271.24 in Q1 2022, representing a significant increase[20]. - The net profit attributable to shareholders of the parent company was CNY 46,242,437.70, up from CNY 11,608,884.54 in the same period last year[20]. - Total comprehensive income for Q1 2023 reached CNY 49,043,036.54, compared to CNY 14,198,234.06 in Q1 2022, indicating strong growth[20]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.1485, compared to CNY 0.0373 in Q1 2022, reflecting improved profitability[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,148,026,378.72, a decrease of 2.51% from the end of the previous year[3]. - Total assets as of March 31, 2023, were CNY 4.15 billion, down from CNY 4.25 billion at the end of 2022, a decrease of 2.6%[15]. - Total liabilities decreased to CNY 3.75 billion from CNY 3.91 billion, a reduction of 3.9%[15]. - Shareholders' equity attributable to the parent company increased by 14.16% to CNY 380,873,704.35[3]. Cash Flow - The net cash flow from operating activities was CNY 106,311,537.38, a slight decrease of 1.28% compared to the previous year[3]. - Cash inflow from operating activities was CNY 1,340,097,623.09, down from CNY 1,619,350,915.80 in Q1 2022[22]. - Cash outflow from operating activities totaled CNY 1,233,786,085.71, compared to CNY 1,511,661,853.86 in the previous year[22]. - The company’s cash flow from operating activities showed improvement, contributing positively to the overall financial health[19]. - The ending cash and cash equivalents balance was CNY 196,607,707.87, down from CNY 361,374,109.85 at the end of Q1 2022[23]. - Cash and cash equivalents decreased to CNY 196.61 million from CNY 254.95 million, a decline of 22.8%[13]. Investments and Non-Recurring Items - Non-recurring gains and losses totaled CNY 652,224.84, with significant contributions from government subsidies and investment income[5]. - Long-term equity investments rose to CNY 362.39 million from CNY 361.61 million, a marginal increase of 0.2%[13]. - The net cash flow from investing activities was CNY 1,513,930.98, a recovery from a net outflow of CNY 40,185,216.91 in Q1 2022[23]. Operational Strategy - The company plans to continue focusing on improving gross margins and reducing expenses to sustain growth in profitability[3].

Financial Performance - In 2022, the company reported a net profit of -218,342,076.75 RMB, a significant decline compared to -50,523,095.53 RMB in 2021, indicating a worsening financial performance[21]. - Total revenue for 2022 was 1,440,209,648.95 RMB, down 27% from 1,972,755,618.83 RMB in 2021[21]. - The company's net cash flow from operating activities decreased by 61.83% to 91,481,099.86 RMB, compared to 239,671,760.15 RMB in the previous year[21]. - The total assets of the company at the end of 2022 were 4,254,841,663.10 RMB, a decrease of 15.46% from 5,032,835,331.48 RMB in 2021[21]. - The company's net assets attributable to shareholders fell by 39.46% to 333,630,181.01 RMB from 551,128,649.16 RMB in 2021[21]. - Basic earnings per share for 2022 were -0.7010 RMB, compared to -0.1622 RMB in 2021, reflecting a decline in profitability[22]. - The weighted average return on equity decreased to -49.36% in 2022 from -8.77% in 2021, indicating a significant drop in financial efficiency[22]. - The net profit attributable to shareholders was RMB -215,542,970.75, compared to a profit of RMB 66,155,891.68 in 2021[28]. - The company reported a total of RMB 71,450,253.79 in non-recurring gains and losses for 2022, a significant improvement from the previous year's loss of RMB 29,082,497.74[26]. - The company reported a net profit decrease for several subsidiaries, including a 14.25 million yuan loss from land and property disposals in the previous year[79]. Revenue and Sales - In 2022, the company's operating revenue was RMB 1,440,209,648.95, a decrease of 30.1% compared to the previous year[30]. - The company achieved operating revenue of CNY 1,440,209,648.95, a decrease of 27.00% compared to the previous year's CNY 1,972,755,618.83[40]. - The company's self-operated sales revenue was CNY 818.76 million, down 18.44% year-on-year[45]. - The company's convenience store segment experienced a sales decline of 20.96% compared to the previous year, with an annual sales revenue of 5,516.10 RMB per square meter[67]. - The retail sales in Xinjiang decreased by 9.6% in 2022, indicating a challenging market environment[33]. - The company's retail sales in Urumqi decreased by 29.02%, with a gross profit margin of 16.47%[44]. - The average sales per square meter for department stores decreased by 31.57% to 24,142.46 RMB, while shopping centers saw a decline of 25.99% to 4,685.31 RMB[67]. Operational Changes - The company introduced 124 new brands and eliminated 237 brands in its department store segment during 2022[30]. - The company conducted 11 large-scale marketing events throughout the year to adapt to changing consumer demands[31]. - The company has shifted its business model to focus more on leasing, gradually increasing the proportion of leased operations[37]. - The company has established long-term stable partnerships with numerous suppliers and merchants, enhancing its strategic resources for sustainable development[37]. - The company has implemented strategies to manage inventory, including promotional activities to clear excess stock and increase cash flow[72]. - The company plans to adjust its logistics center design based on smart logistics trends and market demand, with construction to be advanced as conditions allow[75]. Market Outlook - The outlook for 2023 suggests a significant rebound in national consumption, with expectations for increased consumer spending driving economic growth[35]. - The company plans for a certain increase in operating revenue in 2023, excluding non-comparable factors related to store changes[85]. - The company is focusing on attracting new customer groups and enhancing market competitiveness through strategic brand adjustments and innovative consumption scenarios[86]. - The company is committed to expanding its product categories, particularly in pre-packaged and organic foods, to meet changing consumer demands[87]. - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 12% driven by new product launches and market expansion strategies[105]. Governance and Compliance - The company held a total of 4 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements to protect the rights of all shareholders, especially minority shareholders[99]. - The board of directors consists of 9 members, including 4 independent directors, ensuring a fair and transparent election process and adherence to legal requirements[93]. - The supervisory board held 5 meetings during the reporting period, fulfilling its oversight responsibilities regarding the company's financial status and compliance of management actions[94]. - The company has established independent operational and management models to ensure its independence from the controlling shareholder, Dashi Group[95]. - The company has improved its governance structure and internal control systems in compliance with relevant laws and regulations, enhancing operational quality[92]. - The company actively engages with investors through various communication channels, including performance briefings and online Q&A sessions[94]. Social Responsibility and Community Engagement - The company made a total social responsibility investment of 1.179 million yuan, with 1.179 million yuan allocated for material donations to specific villages[139]. - The company created 195 new jobs during the reporting period, including 141 positions for college graduates, contributing to local economic development[142]. - A total of 355,300 yuan was invested in poverty alleviation and rural revitalization projects, including 101,200 yuan for educational support benefiting 143 students[143]. - The company has actively participated in social welfare activities, including donations for education and assistance to underprivileged communities[142]. Financial Audit and Reporting - The audit opinion confirmed that the financial statements fairly reflect the financial position and operating results of Youhao Group as of December 31, 2022[188]. - The financial report was prepared in accordance with the accounting standards, ensuring fair representation of the company's financial status[188]. - The management is responsible for maintaining necessary internal controls to prevent material misstatements in the financial statements[193]. - The internal control systems related to sales cycles were evaluated and tested for effectiveness during the audit[190]. Employee and Management Structure - The total number of employees in the parent company is 2,486, with a combined total of 2,775 employees including major subsidiaries[123]. - The company has 1,520 sales personnel, 268 technical personnel, 139 financial personnel, and 848 administrative personnel[123]. - The total remuneration for the board members and senior management during the reporting period amounted to CNY 742.39 million[101]. - The company appointed a new deputy general manager and chief accountant during the reporting period[112]. Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings[110]. - The company has made strategic decisions regarding mergers and acquisitions to strengthen its market position[110]. - The company is committed to improving operational efficiency and financial performance[110]. - The company plans to continue its expansion strategy in the coming years[110].

友好集团 2022 年第三季度报告 证券代码：600778 证券简称：友好集团 新疆友好(集团)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 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 年同期增减变 动幅度(%) 年初至报告期末 年初至报告期末 比上年同期增减 变动幅度(%) 营业收入 272,944,406.40 -40.69 1,274,614,418.15 -17.04 归属于上市公司股东的净利润 -145,709,760.39 不适用 -67,944,984.17 -1,213.32 归属于上市公司股东的扣除非 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,001,670,011.75, a decrease of 6.93% compared to ¥1,076,206,323.16 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was ¥77,764,776.22, representing an increase of 284.96% from ¥20,200,662.61 in the previous year[20]. - The basic earnings per share for the first half of 2022 was ¥0.2497, up 284.75% from ¥0.0649 in the same period last year[18]. - The weighted average return on net assets increased by 10.33 percentage points to 13.49% compared to 3.16% in the previous year[18]. - The net profit attributable to shareholders was CNY 77.76 million, an increase of 284.96% year-on-year, mainly due to asset disposal gains of CNY 100.27 million[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -28.42 million, a decline of 165.14% year-on-year[26]. - The company reported a loss of ¥28,416,916.86 in net profit after deducting non-recurring gains and losses, compared to a profit of ¥43,623,706.05 in the same period last year, a decrease of 165.14%[20]. - The company reported a net loss of CNY 231,498,241.76 compared to a net loss of CNY 309,263,017.98 in the previous period, indicating an improvement in performance[94]. Cash Flow and Assets - The net cash flow from operating activities was ¥38,318,212.40, a slight decrease of 0.23% from ¥38,408,280.02 in the previous year[20]. - Total assets at the end of the reporting period were ¥4,596,294,259.71, down 8.67% from ¥5,032,835,331.48 at the end of the previous year[20]. - The company's cash and cash equivalents decreased from ¥395,094,711.59 to ¥283,792,647.02, a decline of approximately 28.2%[93]. - Total current assets decreased from ¥1,242,130,642.79 to ¥1,176,717,514.60, reflecting a reduction of about 5.3%[93]. - The total assets decreased from ¥5,032,835,331.48 to ¥4,596,294,259.71, indicating a decline of approximately 8.7%[93]. - The company's inventory decreased slightly from ¥518,099,150.45 to ¥508,450,568.32, a reduction of about 1.3%[93]. - The total cash and cash equivalents at the end of the period were RMB 283,586,551.51, an increase from RMB 209,268,824.22 at the end of the first half of 2021[105]. Liabilities and Equity - The company's short-term borrowings increased by 17.32% to CNY 452.26 million, while long-term borrowings decreased by 38.25% to CNY 328.20 million due to repayment[36]. - Total current liabilities decreased to CNY 2,884,055,977.22 from CNY 2,968,700,593.58, a reduction of approximately 2.83%[94]. - Total non-current liabilities decreased to CNY 1,065,140,144.03 from CNY 1,498,306,088.74, a reduction of approximately 28.93%[94]. - Total liabilities decreased to CNY 3,949,196,121.25 from CNY 4,467,006,682.32, a reduction of approximately 11.6%[94]. - The total equity attributable to the parent company at the end of the reporting period was 647,098,000.00, a decrease from 642,961,000.00 at the end of the previous period, reflecting a change of approximately 0.02%[110]. - The company's retained earnings have decreased to -173,538,179.92 RMB compared to -205,931,951.87 RMB in the previous year, indicating an improvement in retained earnings[117]. Operational Developments - The company introduced 88 new brands and upgraded 48 brands in its department store segment during the reporting period[27]. - The company expanded its supermarket segment and developed 49 new group purchasing units, with group sales increasing by over 200% year-on-year[27]. - The "Youhao Easy Purchase" online platform conducted 10 promotional events, significantly increasing member activity and order volume[27]. - The company launched its own brand juice and rice products, focusing on direct sourcing to reduce intermediaries[27]. - The company is advancing its digital transformation to enhance data analysis capabilities and integrate online and offline retail operations[28]. Risks and Challenges - The company faced risks related to macroeconomic fluctuations, which could impact consumer income and confidence, thereby affecting sales performance[48]. - The company faces rising operational costs due to increasing commercial property rental expenses, personnel wages, and promotional costs[50]. - There is a risk of declining market share and profitability due to intensified local competition and the presence of well-known brands on e-commerce platforms[49]. Corporate Governance and Compliance - The company has conducted three shareholder meetings during the reporting period, all of which passed the proposed resolutions[53]. - The company has not disclosed any new product or technology developments in the report[56]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[55]. - The company has committed to maintaining the stability of its management team and employees, ensuring adherence to the employee placement plan approved by the employee representative assembly[64]. Accounting Policies and Financial Reporting - The company employs specific accounting policies and estimates, particularly in revenue recognition and the accounting treatment of customer rewards[125]. - The company assesses expected credit losses for accounts receivable and other receivables, which may significantly impact the book value of these assets[125]. - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, changes in shareholders' equity, and cash flows[128]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[134]. - The company recognizes losses from asset impairment in joint operations fully, while only recognizing the portion attributable to other participants in joint operations for gains[143].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 564,110,382.10, representing a decrease of 5.29% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company was CNY 11,608,884.54, down 72.94% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,771,050.06, a decline of 90.87% compared to the previous year[3] - Basic and diluted earnings per share were both CNY 0.0373, down 72.91% from the same period last year[3] - Net profit for Q1 2022 was CNY 13,490,271.24, a decline of 69.9% from CNY 44,818,354.71 in Q1 2021[21] - Earnings per share for Q1 2022 was CNY 0.0373, compared to CNY 0.1377 in Q1 2021, reflecting a decrease of 72.9%[22] Cash Flow - The net cash flow from operating activities was CNY 107,689,061.94, decreasing by 39.78% year-on-year[3] - Cash inflow from operating activities in Q1 2022 was CNY 1,619,350,915.80, down from CNY 1,833,102,757.17 in Q1 2021, a decrease of 11.6%[24] - Total cash outflow from operating activities amounted to CNY 1,511,661,853.86, down from CNY 1,654,278,374.87, indicating a reduction of 8.6%[25] - The net cash flow from operating activities was CNY 107,689,061.94, a decrease of 39.7% compared to CNY 178,824,382.30 in the previous year[25] - The ending balance of cash and cash equivalents was CNY 361,374,109.85, an increase from CNY 251,431,880.78 year-over-year[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,699,609,842.36, a decrease of 6.62% from the end of the previous year[3] - As of March 31, 2022, the company's total assets amounted to CNY 4.6996 billion, a decrease from CNY 5.0328 billion as of December 31, 2021[16] - The company's current liabilities totaled CNY 2.728 billion as of March 31, 2022, down from CNY 2.9687 billion at the end of 2021[17] - Total liabilities as of Q1 2022 were CNY 4,119,631,230.24, down from CNY 4,467,006,682.32 in the previous year[21] - Total equity attributable to shareholders was CNY 563,397,225.42, an increase from CNY 551,128,649.16 in Q1 2021[21] Non-Recurring Items - The company reported a non-recurring gain of CNY 7,837,834.48, primarily from the disposal of non-current assets[5] - The company plans to terminate the lease of the "Youhao Fashion Shopping City" project, incurring a compensation payment of CNY 24,239,700, which will reduce the net profit attributable to shareholders for 2022 by the same amount[9] - The company signed a supplementary agreement regarding land and property expropriation, which is expected to increase the net profit attributable to shareholders by CNY 100.2707 million in 2022[14] Operational Changes - The company signed a supplementary agreement with Xinjiang Harmony Real Estate Development Co., Ltd., reducing the total rental payment for the Changji Youhao Fashion Shopping Center project by CNY 153.7041 million, with annual rent set at CNY 5 million from July 1, 2022, to June 30, 2030[10] - The company signed a lease agreement with Xinjiang Leading Industry (Group) Co., Ltd. for the Hami Plaza North Road store, transitioning to self-management after terminating the previous commercial management contract[11] Financial Expenses and Income - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 19,504,121.59 in Q1 2022 from CNY 11,799,086.94 in Q1 2021[21] - The company experienced a loss in investment income of CNY 8,889,787.50 in Q1 2022, compared to a gain of CNY 2,495,767.77 in Q1 2021[21] Accounting Practices - The company did not apply the new accounting standards for the current year, indicating a continuation of previous accounting practices[26]

Financial Performance - In 2021, the company reported a net profit of -50,523,095.53 RMB, an improvement from -287,058,894.33 RMB in 2020[21] - Total revenue for 2021 was 1,972,755,618.83 RMB, representing a 0.89% increase compared to 1,955,299,994.41 RMB in 2020[21] - The company's net cash flow from operating activities was 239,671,760.15 RMB, an increase of 11.22% from 215,488,926.96 RMB in 2020[21] - The total assets at the end of 2021 were 5,032,835,331.48 RMB, a 16.09% increase from 4,335,347,242.39 RMB in 2020[21] - The company's net assets attributable to shareholders decreased by 12.29% to 551,128,649.16 RMB from 628,369,736.45 RMB in 2020[21] - Basic earnings per share for 2021 were -0.1622 RMB, an improvement from -0.9216 RMB in 2020[22] - The weighted average return on equity increased by 28.50 percentage points to -8.77% in 2021 from -37.27% in 2020[22] - The company plans not to distribute profits for 2021 due to the loss incurred, with retained earnings carried forward to the next year[5] Revenue and Sales Trends - In 2021, the company's total revenue for the first quarter was approximately CNY 595.60 million, while the fourth quarter revenue decreased to about CNY 436.39 million, indicating a downward trend throughout the year[26] - The net profit attributable to shareholders for the entire year was negative, with a loss of CNY 56.63 million in the fourth quarter, following losses in the previous quarters[26] - The company achieved operating revenue of CNY 1,972,755,618.83, an increase of 0.89% compared to the previous year[36] - The retail revenue from department stores was CNY 653,324,883.10, with a gross profit margin of 37.48%, up by 22.29 percentage points[42] - The retail revenue from supermarkets was CNY 754,227,697.93, with a gross profit margin of 12.44%, down by 10.02 percentage points[42] - The company reported a significant increase in sales expenses by 6.17% to CNY 246 million[49] - The convenience store segment saw a sales increase of 10.65% year-over-year, with annual sales per square meter at ¥6,978.99[63] Operational Efficiency and Cash Flow - The company reported a net cash flow from operating activities of CNY 178.82 million in the first quarter, but faced a negative cash flow of CNY 140.42 million in the second quarter[26] - Cash flow from operating activities increased by 44.87% to CNY 121 million, indicating improved operational efficiency[49] - The cost of goods sold decreased by 7.80% to CNY 1.07 billion, contributing to improved profitability[46] - The company is focusing on digital transformation and enhancing customer engagement through digital membership programs[29] - The company is committed to building a learning-oriented management team to adapt to market trends and improve competitiveness[35] Market and Strategic Initiatives - The company introduced 288 new brands and upgraded 272 brands in 2021, enhancing its market share in key areas[28] - The company launched nearly 1,000 marketing activities throughout the year, significantly boosting sales during promotional periods[29] - The online retail sales in Xinjiang reached CNY 427.20 billion in 2021, growing by 41.3% year-on-year, highlighting the increasing importance of e-commerce[31] - The overall retail sales of major retail enterprises in China grew by 8.2% in 2021, indicating a recovery in the retail sector[31] - The retail sector in Xinjiang experienced a growth rate of 17% in 2021, outperforming the national average[30] - The company is focusing on expanding its leasing model, which has been gradually increasing in proportion within its business operations[33] Risk Management and Compliance - The company has detailed potential risks in its report, advising investors to review the relevant sections for comprehensive understanding[7] - The company faces risks related to macroeconomic fluctuations, which could impact consumer income and confidence, thereby affecting sales performance[87] - The company has an asset-liability ratio of 88.76%, indicating potential financial risks if reliance on bank loans continues[88] - The company has established independent management and operational models to support business growth without compromising independence[93] - The company has implemented measures to ensure that related party transactions are conducted fairly and do not harm minority shareholders' interests[93] Governance and Management - The company held four shareholder meetings during the reporting period, with all resolutions passed successfully[96] - Total remuneration for directors and senior management amounted to 8.26 million yuan, with specific amounts for individual roles detailed[97] - The company has a diverse portfolio of leadership roles across different units, enhancing operational oversight[102] - The management team includes individuals with extensive experience in both the parent company and its subsidiaries, ensuring continuity and expertise[102] - The company maintains a focus on financial management and oversight through its appointed executives in key positions[101] Community Engagement and Social Responsibility - The company created 245 jobs, including 141 positions for college graduates, contributing to local economic development[133] - The company invested CNY 95,200 in educational assistance for 147 students in Huangququn Village, supporting poverty alleviation efforts[135] - The company provided CNY 18,200 worth of essential goods to low-income families during major holidays, enhancing community welfare[136] - The company generated an additional CNY 60,000 in collective income for the village through poultry farming initiatives, supporting sustainable poverty alleviation[136] Legal Matters and Litigation - The company was ordered to pay a penalty of 9.3672 million RMB to Tai Mei Company as per the judgment of the Xinjiang High Court[145] - The company has been involved in multiple legal disputes with Tai Mei Company regarding lease agreements, with the latest judgment being upheld by the Supreme People's Court[145] - The company has incurred legal fees totaling 1.5438 million RMB related to the litigation with Tai Mei Company[145] - The company has filed for a retrial regarding a previous court decision, which was ultimately rejected by the court[146] Future Outlook and Projections - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year[99] - New product launches are expected to contribute an additional 200 million in revenue in the upcoming quarter[99] - The company plans to adjust its logistics center design based on market demand and trends in smart logistics[69] - The company aims to deepen its membership economy by collaborating with partners from popular industries such as automotive and tourism, enhancing consumer engagement and marketing activities[86]

Financial Performance - The company's operating revenue for Q3 2021 was ¥460,161,153.34, representing a year-on-year increase of 33.87%[4] - The net profit attributable to shareholders of the listed company for Q3 2021 was a loss of ¥14,097,747.54, while the net profit for the year-to-date period was ¥6,102,915.07, indicating a significant recovery from the previous year's losses[4] - Total operating revenue for the first three quarters of 2021 reached CNY 1,536,367,476.50, an increase of 10.9% compared to CNY 1,385,202,997.24 in the same period of 2020[22] - The company reported a net profit of CNY 9,740,543.39 for the first three quarters of 2021, a significant recovery from a net loss of CNY 144,997,440.70 in the same period of 2020[23] - Operating profit for the first three quarters of 2021 was CNY 44,735,364.20, compared to an operating loss of CNY 81,510,438.09 in 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,396,427,016.31, an increase of 24.48% compared to the end of the previous year[5] - As of September 30, 2021, the total assets of the company amounted to CNY 5,396,427,016.31, an increase from CNY 4,335,347,242.39 at the end of 2020, representing a growth of approximately 24.5%[17] - The total current liabilities decreased to CNY 2,923,533,713.73 from CNY 3,284,130,055.14, a reduction of approximately 11%[18] - The company’s total liabilities amounted to CNY 4,716,324,636.60, up from CNY 3,692,385,924.25 in the previous year, indicating a rise of 27.7%[21] - The total assets increased by 1,055,817,528.34 RMB, reaching 5,391,164,770.73 RMB compared to 4,335,347,242.39 RMB previously[31] - The total liabilities increased by 1,028,626,716.77 RMB, totaling 4,721,012,641.02 RMB compared to 3,692,385,924.25 RMB previously[31] Shareholder Information - The top shareholder, Dashi Group Co., Ltd., holds 25.00% of the shares, with 40,000,000 shares pledged[9] - The total number of ordinary shareholders at the end of the reporting period was 21,186[9] - The total equity attributable to shareholders of the parent company was CNY 661,873,169.71, an increase from CNY 628,369,736.45 in the previous year[21] - The company's equity attributable to shareholders increased by 27,190,811.57 RMB, reaching 655,560,548.02 RMB from 628,369,736.45 RMB[31] Cash Flow - The company reported a net cash flow from operating activities of ¥166,672,622.73 for the year-to-date period, reflecting a 9.93% increase[4] - The net cash flow from operating activities was CNY 166,672,622.73, an increase from CNY 151,618,413.27 in the previous year[25] - The company's cash inflow from operating activities totaled CNY 3,736,053,928.65, compared to CNY 3,579,156,741.04 in the previous year, reflecting a growth of 4.4%[25] - The net cash flow from investing activities was -48,113,503.47 RMB, compared to a positive cash flow of 254,858,938.24 RMB in the previous period[26] - The net cash flow from financing activities was 3,022,037.74 RMB, a significant improvement from a negative cash flow of -227,844,913.77 RMB in the previous period[26] Operational Changes - The company plans to continue its market expansion and product development strategies to enhance future performance[4] - The company has proposed to establish a wholly-owned subsidiary with an investment of CNY 10 million to enhance its direct procurement scale and operational efficiency[15] - The company terminated the lease for a store due to adverse conditions, including the impact of the COVID-19 pandemic and surrounding construction, to avoid ongoing losses[12] - The company is in the early stages of applying for a duty-free business qualification, with no contracts or agreements signed yet[11] - The company has recognized a provision for pending litigation amounting to CNY 36,478,500 based on the latest judgment results[13] Cost Management - Total operating costs for the first three quarters of 2021 were CNY 1,518,021,958.93, up from CNY 1,470,939,618.89 in 2020, reflecting a growth of 3.2%[22] - The company reported a decrease in management expenses to CNY 177,248,156.10 from CNY 447,980,770.19 in the previous year, indicating a reduction of 60.5%[22] Earnings Per Share - The basic earnings per share for Q3 2021 was -¥0.0453, compared to ¥0.0196 for the year-to-date period[4] - Basic earnings per share for the first three quarters of 2021 were CNY 0.0196, recovering from a loss of CNY 0.4783 per share in the same period of 2020[23] Borrowings - The company’s long-term borrowings increased significantly to CNY 594,800,000.00 from CNY 221,100,000.00, marking an increase of about 168%[18] - The cash inflow from financing activities included 850,820,000.00 RMB from borrowings, compared to 404,000,000.00 RMB in the previous period[26] - The cash outflow for debt repayment was 822,120,000.00 RMB, an increase from 535,250,000.00 RMB in the previous period[26] Inventory Management - The company reported an increase in inventory to CNY 556,018,930.79 from CNY 516,359,865.94, indicating a rise of approximately 7.7%[17] - The company reported a decrease in prepayments by 55,388,278.44 RMB, adjusting from 66,332,224.29 RMB to 10,943,945.85 RMB[29] Communication with Investors - The company held a half-year performance briefing on August 20, 2021, to enhance communication with investors[15] Accounting Standards - The company implemented a new leasing standard starting January 1, 2021, which adjusted the financial statements without significant impact on equity or net profit[32]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 1.08 billion, representing a 3.34% increase compared to RMB 1.04 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 20.20 million, a significant recovery from a loss of RMB 61.76 million in the same period last year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 162.27% to approximately RMB 43.62 million, compared to RMB 16.63 million in the previous year[19]. - The basic earnings per share for the first half of 2021 was RMB 0.0649, a recovery from a loss of RMB 0.1983 in the same period last year[18]. - The weighted average return on net assets increased by 10.16 percentage points to 3.16% from -7.00% in the previous year[18]. - The company reported a net profit increase of 14,251,096.72 RMB due to asset disposal gains from government land requisition[43]. - The company reported a net profit loss of approximately RMB -265 million for the fiscal year 2020, as per the preliminary estimates by the finance department[82]. - The company reported a significant decrease in receivables, with accounts receivable dropping from 24,175,203.23 RMB to 16,787,165.93 RMB, a decline of approximately 30.4%[99]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately RMB 5.00 billion, reflecting a 15.36% increase from RMB 4.34 billion at the end of the previous year[19]. - The company's net assets attributable to shareholders increased by 7.47% to approximately RMB 675.33 million from RMB 628.37 million at the end of the previous year[19]. - The company's total liabilities increased to ¥4,307,899,660.12 from ¥3,692,385,924.25, an increase of approximately 16.6%[100]. - The company's total equity increased to ¥693,201,259.60 from ¥642,961,318.14, reflecting a growth of about 7.8%[101]. - The company's cash and cash equivalents decreased from 428,141,125.75 RMB at the end of 2020 to 209,484,937.27 RMB by June 30, 2021, a decline of approximately 51.1%[99]. - The company's total current assets decreased from 1,325,211,256.10 RMB at the end of 2020 to 1,040,512,774.15 RMB, a reduction of about 21.5%[99]. - Short-term borrowings decreased by 20.38% to 348.36 million yuan, while long-term borrowings increased by 33.33% to 294.80 million yuan[33]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was approximately RMB 38.41 million, a decrease of 71.34% compared to RMB 133.99 million in the same period last year[19]. - The net cash flow from operating activities decreased by 71.34% to CNY 38,408,280.02, compared to CNY 133,994,474.11 in the previous year[28]. - The total cash inflow from operating activities was RMB 2,206,771,173.04, slightly down from RMB 2,236,576,526.99 in the same period last year[112]. - Cash outflow from operating activities totaled RMB 2,168,362,893.02, an increase of 3.1% from RMB 2,102,582,052.88 in the previous year[112]. - The net cash flow from investment activities was negative at RMB -26,218,672.73, compared to a positive RMB 178,770,521.47 in the same period last year[112]. - The ending cash and cash equivalents balance was RMB 209,268,824.22, down from RMB 325,662,696.09 at the end of the first half of 2020[112]. Operational Developments - The company opened 12 new franchise stores under the "YO+ Friendly Life" convenience store brand in the first half of 2021, expanding its market presence[25]. - The company introduced 145 new brands, including 8 brands making their debut in Xinjiang, and completed 106 brand renovations during the reporting period[25]. - The average multi-format area ratio across all stores reached over 40%, indicating a strong integration of various retail formats[25]. - The company conducted 9 overall marketing activities in the first half of 2021 to enhance market share and improve online sales visibility[25]. - The company is focusing on cost control and budget management to achieve systematic cost reduction and efficiency improvement[25]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a rental contract dispute with Xinjiang Taimei Commercial Management Co., claiming damages of 300 million RMB[62]. - The Supreme People's Court upheld the original ruling, requiring the company to transfer a commercial space of 40,988.51 square meters to Taimei Company[62]. - The company has been ordered to pay a penalty of 9.3672 million RMB in a separate lawsuit related to a rental contract dispute with Taimei Company[66]. - The company was ordered to pay a penalty of 51.44 million yuan to Shangpin Company as per the judgment from the Xinjiang High Court[70]. - The company confirmed the execution of daily related transactions with Dashi Group and Tian Kang Food Co., with no significant changes reported[72]. Strategic Focus - The company plans to expand its logistics project scale in the future, indicating a strategic shift towards a new retail model[48]. - The company plans to continue focusing on market expansion and new product development to drive future growth[109]. - Management indicated a commitment to improving operational efficiency and reducing costs in the upcoming quarters[109]. - The company emphasizes the importance of sustainable development and aims to avoid potential competition with its major shareholder, Dashang Group[60]. Environmental and Social Responsibility - The company continues to prioritize environmental protection and adheres to various environmental laws and regulations, focusing on energy conservation and green product procurement[57]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[58]. Shareholder and Governance - The company has appointed two new deputy general managers, Zhang Lanyu and Shi Lei, during the reporting period[53]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[61]. - The company has not encountered any violations regarding guarantees during the reporting period[61]. - The largest shareholder, Dasha Group Co., Ltd., holds 77,872,723 shares, representing 25.00% of total shares[92]. Accounting Policies and Financial Reporting - The financial statements were approved by the board of directors on August 10, 2021, indicating a commitment to transparency and regulatory compliance[129]. - The company employs specific accounting policies and estimates, particularly in areas such as accounts receivable and inventory valuation, which could significantly impact future financial results[133]. - The company follows the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, changes in shareholders' equity, and cash flows[137]. - The company recognizes losses from asset impairment in joint operations fully, while only recognizing the portion attributable to other participants in joint operations for gains[153].

Financial Performance - Net profit attributable to shareholders reached CNY 42,906,673.50, a significant recovery from a loss of CNY 35,873,113.61 in the same period last year[7] - Operating revenue for the quarter was CNY 595,598,234.85, representing a 23.81% increase year-on-year[7] - Basic and diluted earnings per share were both CNY 0.1377, recovering from a loss of CNY 0.1152 per share in the previous year[7] - The company reported a projected annual loss for 2020, estimating a net profit attributable to shareholders of approximately -265 million yuan[23] - The company expects a net profit of approximately 42.91 million yuan for the first half of 2021, indicating a turnaround from the previous year's loss[31] - The company reported a net loss of ¥-160,742,200.93 as of March 31, 2021, improving from a loss of ¥-230,839,686.00 at the end of 2020[36] - The total profit before tax for Q1 2021 was ¥41,839,242.85, compared to a loss of ¥35,991,994.05 in Q1 2020, indicating a strong recovery in profitability[45] Cash Flow and Liquidity - Net cash flow from operating activities surged by 337.25% to CNY 178,824,382.30 compared to the same period last year[7] - Cash flow from operating activities showed a net inflow of 178.82 million yuan, a substantial increase of 337.25% year-on-year[17] - The company’s cash and cash equivalents at the end of the period were 251.43 million yuan, a decrease of 33.94% from the previous year[18] - The cash flow from financing activities showed a net outflow of -¥345,204,437.92, compared to a net inflow of ¥63,561,981.04 in the previous year, marking a significant change[50] - The cash and cash equivalents at the end of Q1 2021 were ¥251,431,880.78, down from ¥380,615,359.69 at the end of Q1 2020, indicating a reduction in liquidity[47] - The company generated ¥1,496,885,109.56 in cash from sales in Q1 2021, compared to ¥1,280,188,089.19 in Q1 2020, marking a 17% increase in cash inflow from operations[46] Assets and Liabilities - Total assets increased by 19.01% to CNY 5,159,324,378.30 compared to the end of the previous year[7] - The company recognized a significant decrease in cash and cash equivalents by 41.27% due to loan repayments[12] - Current assets decreased to ¥1,120,536,467.31 from ¥1,325,211,256.10, representing a decline of about 15.5%[34] - Total liabilities decreased to ¥4,445,571,564.28 from ¥3,692,385,924.25, a reduction of approximately 20.4%[36] - The company's total liabilities increased to ¥4,453,711,728.73 in Q1 2021 from ¥3,570,766,467.26 in Q1 2020, reflecting a 25% rise[41] - Total assets rose from CNY 4,239,622,116.93 to CNY 5,295,439,645.26, reflecting an increase of about 24.9%[58] Operating Costs and Expenses - The company reported a 44.00% increase in operating costs, amounting to 395.95 million yuan, attributed to the recovery from the pandemic's impact on sales[17] - The company’s management expenses decreased by 59.14% to 56.97 million yuan, due to reclassification of certain costs to operating costs[17] - The company incurred sales expenses of ¥55,537,822.70 in Q1 2021, down from ¥61,990,514.52 in Q1 2020, reflecting cost management efforts[45] - The company reported a significant reduction in management expenses, down to ¥56,968,553.12 from ¥139,428,608.30 year-over-year[41] Shareholder Information - The number of shareholders increased to 22,749, with the largest shareholder holding 25.00% of the shares[10] - The company’s major shareholder, Dashang Group, has pledged 40 million shares, accounting for 49.64% of its holdings[30] Legal and Regulatory Matters - The company is currently involved in ongoing litigation regarding a rental contract dispute, with a potential liability of 50 million yuan if the court rules against it[25] - The company has received a court ruling to pay 24.3316 million yuan in damages to Xinjiang Shangpin Commercial Management Co., Ltd. due to a rental contract dispute[28] - The company is undergoing a legal review process regarding a previous court ruling that ordered it to pay 50 million yuan in damages[24] - The company is currently in the second instance of litigation regarding a rental contract dispute, with hearings ongoing[29] New Accounting Standards - New lease accounting standards resulted in the recognition of right-of-use assets amounting to CNY 1,111,650,525.66[12] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[51] - The company implemented the new leasing standard starting January 1, 2021, which did not significantly impact owner's equity or net profit[54]

Financial Performance - The company reported a net profit of -291,868,623.85 RMB for the year 2020, resulting in an undistributed profit of -205,931,951.87 RMB[4]. - Total revenue for 2020 was 1,955,299,994.41 RMB, a decrease of 62.68% compared to 5,238,605,729.82 RMB in 2019[20]. - The net profit attributable to shareholders was -287,058,894.33 RMB, a decline of 347.59% from 115,940,779.47 RMB in the previous year[20]. - The basic earnings per share for 2020 was -0.9216 RMB, compared to 0.3722 RMB in 2019, reflecting a decrease of 347.61%[21]. - The weighted average return on equity dropped to -37.27% in 2020 from 13.60% in 2019, a decrease of 50.87 percentage points[21]. - The company generated a net cash flow from operating activities of 215,488,926.96 RMB, down 36.30% from 338,266,617.36 RMB in 2019[20]. - The net assets attributable to shareholders decreased by 31.24% to 628,369,736.45 RMB from 913,813,806.62 RMB in 2019[20]. - The company reported a significant asset impairment provision of CNY 31,166,650 due to comprehensive asset testing[36]. - The company reported a significant impairment loss of 314.83 million yuan for long-term prepaid expenses, which accounted for 9.08% of total assets as of December 31, 2020[183]. - The company reported a net loss of CNY 205,931,951.87 in 2020 compared to a profit of CNY 85,936,671.98 in 2019[195]. Revenue and Sales - The company achieved operating revenue of CNY 1,955,299,994.41, a decrease of 62.68% compared to the previous year[35]. - The company reported a revenue of 1,955.30 million yuan for 2020, a decrease of 62.68% year-on-year[91]. - The company reported a significant decrease in joint sales with TianKang Food, with 2020 revenue recorded at 2,261,300 RMB, down from 25,782,000 RMB under the previous accounting standards[116]. - The company reported a total expense of 546,784,425.23 CNY in 2020, a decrease of 19.70% compared to 680,895,700.08 CNY in 2019, with significant reductions in rent (-25.14%), advertising (-34.44%), and labor costs (-14.10%)[77]. Market Conditions - In 2020, the retail sales in Xinjiang decreased by 15.3%, while the national retail sales fell by 3.9%, highlighting the challenging market conditions[28]. - The retail sector faced significant challenges due to the COVID-19 pandemic, with department stores and shopping centers experiencing notable declines in performance[29]. - Online retail sales in Xinjiang grew by 27.6% in 2020, with local consumers contributing ¥1,032.5 billion, accounting for 33.7% of the total retail sales in the region[29]. Operational Adjustments - The company aims to adapt its business strategies to the changing consumer behaviors and market conditions, focusing on online and offline integration[29]. - The company introduced approximately 7,000 new products, including ready-to-eat, health, and kitchen supplies, to boost sales post-pandemic[34]. - The company implemented a digital membership program through the "Youhao Easy Purchase" mini-program, enhancing customer engagement[34]. - The company has implemented inventory management policies to mitigate risks associated with unsold goods and ensure timely supply of products[72]. Financial Position - The company's total assets decreased by 12.15% to 4,335,347,242.39 RMB from 4,934,811,323.50 RMB in 2019[20]. - The company's total equity decreased from CNY 927,714,165.26 in 2019 to CNY 642,961,318.14 in 2020, a drop of approximately 30.7%[192]. - The company's asset-liability ratio stands at 85.17%, indicating significant financial risk if further bank loans are utilized[95]. - The company's long-term equity investments decreased to RMB 367,666,805.80 from RMB 379,527,198.46, a decline of about 3.1%[191]. Legal Matters - The company faced a lawsuit from Xinjiang Taimei Commercial Management Co., claiming a breach of a lease contract, with a compensation request of RMB 300 million[104]. - The court ruled that the lease contract with Taimei Company was terminated as of December 31, 2018, and ordered the company to hand over a commercial space of 40,988.51 square meters[104]. - The company was also involved in a separate lawsuit with Xinjiang Shangpin Commercial Management Co., which demanded RMB 80 million in compensation for breach of contract[108]. Management and Governance - The company has engaged Da Hua Accounting Firm for financial auditing with a remuneration of 750,000 RMB for the year 2020[102]. - The company has maintained a stable management structure with no significant changes in personnel during the reporting period[150]. - The total compensation for the board members and senior management during the reporting period amounted to 799.71 million CNY[150]. - The company emphasizes the importance of governance and compliance in its management structure and personnel changes[160]. Future Outlook - The company anticipates a recovery in the consumer market in 2021, driven by the resilience of domestic demand, despite ongoing uncertainties related to the pandemic and external environment[86]. - The company plans to focus on strengthening its market position in cosmetics and women's clothing while expanding into sports and high-end home products in 2021[92]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 2 billion yuan earmarked for potential deals[152].