Financial Performance - The company's operating revenue for Q3 2021 was ¥1,375,066,679.15, representing a year-on-year increase of 2.69%[5] - The net profit attributable to shareholders was a loss of ¥12,704,737.53, a decline of 25.58% compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0563, reflecting a decrease of 26.21% year-on-year[6] - Total revenue for the first three quarters of 2021 reached CNY 4,414,143,001.74, an increase from CNY 4,273,791,538.00 in the same period of 2020, representing a growth of approximately 3.3%[20] - Total operating costs for the first three quarters of 2021 were CNY 4,408,560,982.56, compared to CNY 4,271,513,638.22 in 2020, indicating an increase of about 3.2%[20] - Net profit for the third quarter of 2021 was CNY 4,561,627.57, a significant decrease from CNY 16,453,412.58 in the same quarter of 2020, reflecting a decline of approximately 72.2%[22] - Operating profit for the third quarter of 2021 was CNY 14,913,447.73, down from CNY 22,311,587.98 in the previous year, showing a decrease of around 33.2%[22] - The company reported a basic earnings per share of CNY 0.11 for the third quarter of 2021, down from CNY 0.15 in the same quarter of 2020, reflecting a decrease of approximately 26.7%[23] Assets and Liabilities - Total assets increased to ¥8,245,895,347.62, marking a growth of 32.41% compared to the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2021 amounted to CNY 8,245,895,347.62, compared to CNY 6,227,604,654.48 at the end of the same quarter in 2020, marking an increase of approximately 32.4%[19] - Total liabilities reached CNY 6,447,051,541.86 in the third quarter of 2021, up from CNY 4,003,614,531.15 in the same period of 2020, indicating a growth of about 61.1%[19] - Total liabilities amounted to approximately 6.91 billion, with a significant increase of 2.91 billion compared to the previous period[31] - Total liabilities as of Q3 2021 were CNY 3,779,621,491.96, an increase of CNY 144,665,069.64 compared to CNY 3,924,286,561.60 at the beginning of the year[30] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥617,920,655.19, showing a significant increase of 91.01%[5] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 6,395,006,794.70, an increase of 5.66% compared to CNY 6,052,606,176.38 in the same period of 2020[26] - Net cash flow from operating activities in Q3 2021 was CNY 617,920,655.19, up 91.06% from CNY 323,506,227.07 in Q3 2020[27] - Cash inflow from investment activities in Q3 2021 was CNY 852,084,364.41, compared to CNY 545,255,792.81 in Q3 2020, marking a 56.16% increase[27] - Net cash flow from investment activities in Q3 2021 was -CNY 247,841,412.61, an improvement from -CNY 394,920,214.24 in Q3 2020[27] - Cash inflow from financing activities in Q3 2021 totaled CNY 1,155,936,374.04, slightly down from CNY 1,209,397,961.90 in Q3 2020[27] - Net cash flow from financing activities in Q3 2021 was -CNY 731,960,475.92, compared to a positive CNY 19,263,642.16 in Q3 2020[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,429[13] - The largest shareholder, Wumart Technology Group Co., Ltd., holds 81,570,343 shares, accounting for 36.15% of total shares[14] - Shanghai Baoyin Chuangying Investment Management Co., Ltd. holds 65,415,643 shares, representing 28.99% of total shares, with 34,165,417 shares pledged[14] Asset Management - The company reported a decrease in cash and cash equivalents by 43.41%, primarily due to repayment of bank loans[11] - The company’s accounts receivable increased by 51.49%, attributed to an increase in sales to external credit customers[11] - The company experienced a 100% increase in right-of-use assets due to the implementation of new leasing standards[11] - The net profit from asset disposals increased by 706.28%, indicating a rise in asset disposal gains[11] - The company’s financial expenses rose by 170.21%, mainly due to interest expenses on lease liabilities under the new leasing standards[11] Current Assets - The company's total current assets as of September 30, 2021, amount to ¥1,700,546,215.65, a decrease from ¥2,259,475,433.17 at the end of 2020[17] - Cash and cash equivalents decreased to ¥479,389,067.79 from ¥847,091,381.24[17] - Accounts receivable increased to ¥204,996,748.72 from ¥135,316,101.03[17] - Inventory stands at ¥658,987,119.52, slightly down from ¥682,578,986.18[17] - Non-current assets include fixed assets valued at ¥1,969,952,458.62, down from ¥2,012,035,781.64[17] - The company has ongoing construction projects valued at ¥205,208,861.65, up from ¥90,530,670.31[17] Equity and Reserves - The total equity attributable to shareholders of the parent company was CNY 1,968,209,877.73 as of the end of the third quarter of 2021, a decrease from CNY 2,368,581,790.19 in the previous year, indicating a decline of about 16.9%[19] - Shareholders' equity reached approximately 2.22 billion, reflecting a decrease of about 429.81 million from the prior period[31] - The company reported a net profit of approximately 1.63 billion in undistributed profits, down by 407.52 million compared to the previous year[31] - The capital reserve stood at approximately 311.36 million, unchanged from the previous period[31] - The company reported a total of 2.77 billion in lease liabilities, consistent with the previous reporting period[31] - The minority shareholders' equity showed a slight improvement, with a decrease of 4.34 million compared to the last period[31] - The retained earnings decreased by 17.95 million, indicating a decline in the company's profitability[31] - Deferred income tax liabilities were recorded at approximately 39.19 million, reflecting the company's tax obligations[31] Future Outlook - The total liabilities and equity structure will be detailed in the upcoming financial reports[16] - Research and development expenses were not explicitly stated, but they are crucial for future product development and innovation strategies[22]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 3.04 billion, an increase of 3.55% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 25.98% to approximately RMB 37.80 million compared to the same period last year[21]. - The net cash flow from operating activities increased significantly by 243.62% to approximately RMB 416.29 million compared to the same period last year[21]. - The total assets of the company at the end of the reporting period were approximately RMB 8.08 billion, representing a 29.75% increase from the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 16.37% to approximately RMB 1.98 billion compared to the end of the previous year[21]. - Basic earnings per share for the first half of 2021 were RMB 0.1675, down 25.98% from RMB 0.2263 in the same period last year[22]. - The weighted average return on net assets decreased by 0.20 percentage points to 1.93% compared to the same period last year[22]. - The company reported a non-recurring loss of approximately RMB 1.40 million from the disposal of non-current assets[23]. - The company achieved operating revenue of CNY 303,907.63 million, a year-on-year increase of 3.55%[31]. - The net profit attributable to shareholders was CNY 3,779.72 million, a year-on-year decrease of 25.98% due to an increase in related period expenses by CNY 4,839.64 million[31]. Business Operations - The main business revenue accounted for 86.17% of total operating revenue, with supermarkets contributing 66.93%, department stores 13.30%, and electronics 19.09%[27]. - The company operates 288 physical stores, including 11 department stores with a total area of 520,200 square meters, 192 supermarkets with 560,300 square meters, and 85 electronics stores with 132,500 square meters[26]. - The rental business contributed 13.83% to total operating revenue, with rental income after deducting property costs being a significant profit source[27]. - The company is accelerating the integration of online and offline retail operations to enhance market competitiveness[30]. - The company's online sales through the new retail model achieved approximately 30 million yuan in sales, a year-on-year increase of 45%[32]. - The supermarket segment's online sales reached 121 million yuan, with a year-on-year growth of 48% and over 2.1 million online orders processed[32]. - The electrical appliance segment focused on inventory reduction and new product launches, enhancing operational quality and participating in government initiatives to boost market confidence[35]. - The company is actively expanding its logistics business, implementing a new OS system to enhance efficiency and transparency in delivery processes[36]. - The company plans to transform the Xining store into a shopping center, with necessary resource support for brand adjustments[37]. - The company has opened 22 new stores during the reporting period[38]. - The company closed 10 stores during the reporting period, primarily due to losses and contract expirations[39]. Financial Management - The company does not plan to distribute profits or increase capital reserves during this reporting period[4]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[6]. - Financial expenses surged by 171.21% to CNY 113,894,576.50, up from CNY 41,995,316.57 in the previous year[43]. - The company's short-term borrowings decreased by 22.86% to CNY 827,321,162.86 from CNY 1,072,490,681.65 at the end of the previous period[44]. - The amount of prepayments decreased significantly by 60.20% to CNY 127,807,620.50 from CNY 321,110,934.80 year-on-year[44]. - The company's construction in progress increased by 99.41% to CNY 180,525,561.71 from CNY 90,530,670.31 at the end of the previous period[44]. - The company's long-term borrowings decreased by 41.72% to CNY 97,940,000.00 from CNY 168,040,000.00 year-on-year[45]. - The company's deferred income decreased by 20.10% to CNY 10,982,671.24 from CNY 13,745,786.71 in the previous year[44]. - The company has made strategic adjustments in its financial management, including a focus on reducing short-term borrowings and managing cash flow effectively[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,844[74]. - The largest shareholder, Wumart Technology Group Co., Ltd., holds 81,570,343 shares, representing 36.15% of total shares[75]. - Shanghai Baoyin Chuangying Investment Management Co., Ltd. holds 65,415,643 shares, accounting for 28.99%, with 34,165,417 shares pledged[75]. - The company has not experienced any changes in total share capital or share structure during the reporting period[73]. - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[75]. Legal and Compliance - The company’s subsidiary, Yinchuan Xinhua Department Store, is involved in a significant lawsuit due to a fire incident affecting its leased commercial property, which has led to ongoing legal proceedings[65]. - The actual controller and shareholders have committed to not engage in any business activities that compete directly or indirectly with the company and its subsidiaries in the Ningxia Hui Autonomous Region and surrounding areas[60]. - The company has committed to supervise and restrict its own and related enterprises' business activities to avoid competition with its subsidiaries[61]. - The company’s controlling shareholder, Wumart Holdings, committed to minimizing or avoiding related party transactions with Xinhua Department Store and its subsidiaries[63]. Corporate Governance - The company appointed Mr. Song Xingchao as the new CFO on February 26, 2021, following the resignation of the previous CFO, Mr. Wang Baolu, due to job relocation[54]. - The company has a governance structure that includes a shareholders' meeting, board of directors, and executive committee, ensuring effective decision-making[118]. - The company has a history of strategic partnerships, including a significant share transfer to Beijing Wumart Commercial Group in 2006, enhancing its market position[114]. Accounting Policies - The financial statements are prepared in accordance with the accounting standards for enterprises, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[125]. - The company confirms that all controlled subsidiaries are included in the consolidated financial statements, with necessary adjustments made for accounting policy inconsistencies[129]. - The company recognizes the operating results and cash flows of subsidiaries from the date control is obtained in non-same control business combinations[130]. - The company has established specific accounting policies for joint ventures, recognizing assets and liabilities based on agreements[132]. - The company applies the exchange rate on the transaction date for foreign currency transactions, with differences recognized in the current period's profit or loss[134]. - The company has a clear policy for the translation of foreign currency financial statements, ensuring accurate representation of financial results[135]. Future Outlook - The management did not provide specific future guidance or performance outlook in the available data[82].

Financial Performance - Revenue for the period was CNY 1.67 billion, a 2.04% increase year-on-year[6] - Net profit attributable to shareholders decreased by 8.25% to CNY 50.52 million[6] - Basic earnings per share decreased by 8.33% to CNY 0.22[6] - Investment income fell by 69.05% to CNY 291,244.57, mainly due to a decrease in returns from financial products[17] - The company reported a net decrease in other income by 83.49% to CNY 1,649,683.08, mainly due to reduced government subsidies[17] - The company’s income tax expense increased by 58.88% to CNY 15,313,583.53, reflecting a rise in taxable income compared to the previous year[17] - Net profit for Q1 2021 was CNY 43,645,015.89, a decrease of 8.1% from CNY 47,608,653.98 in Q1 2020[27] - Earnings per share for Q1 2021 were CNY 0.22, down from CNY 0.24 in Q1 2020[27] - The company reported a total of CNY 3,124,454.96 in non-operating income for Q1 2021, compared to CNY 2,768,993.96 in Q1 2020, reflecting an increase of 12.9%[27] Assets and Liabilities - Total assets increased by 38.21% to CNY 8.61 billion compared to the end of the previous year[6] - Total liabilities rose to CNY 6.77 billion from CNY 4.00 billion, indicating an increase of around 69.2%[22] - The company's total equity decreased to CNY 1.84 billion from CNY 2.22 billion, a decline of about 17.1%[22] - Total current assets decreased to CNY 2.12 billion from CNY 2.26 billion, a decline of about 6.0%[21] - Total liabilities related to leases increased by 100% to CNY 2,772,186,831.18, reflecting the impact of new leasing standards[17] - The total assets increased from $6.23 billion at the end of 2020 to $8.71 billion at the beginning of 2021, reflecting a growth of approximately 39.8%[39] - The total liabilities rose from $3.78 billion to $3.92 billion, indicating an increase of about 3.0%[39] - Current liabilities totaled CNY 2,123,029,646.67, with short-term borrowings at CNY 602,490,681.65[44] Cash Flow - Operating cash flow net amount increased by 34.70% to CNY 423.49 million[6] - Operating cash flow increased by 34.70% to CNY 423,488,341.35, driven by higher revenue during the period[17] - The net cash outflow from financing activities decreased significantly by 922.04% to CNY -354,805,175.34, primarily due to repayment of bank loans[17] - The net cash flow from operating activities for Q1 2021 was $217.47 million, a significant increase from $57.94 million in Q1 2020, representing a growth of approximately 275%[36] - The net cash flow from financing activities was -$238.48 million, a decline from -$29.15 million in Q1 2020, indicating a worsening cash outflow situation[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,050[13] - The largest shareholder, Wumart Technology Group Co., Ltd., held 36.15% of shares[13] New Leasing Standards Impact - The implementation of the new leasing standard increased initial assets by CNY 2.48 billion and liabilities by CNY 2.91 billion[9] - The impact of the new leasing standard on the current period's profit was a decrease of CNY 22.47 million due to increased depreciation and interest expenses[9] - Long-term deferred expenses decreased by 32.32% to CNY 650,697,411.28, attributed to the implementation of new leasing standards[16] - Financial expenses surged by 144.35% to CNY 57,353,549.30, primarily due to interest expenses on lease liabilities recognized under new leasing standards[17] - The company adopted new leasing standards effective January 1, 2021, adjusting relevant asset and liability figures accordingly[44]

Financial Performance - The company's operating revenue for 2020 was approximately ¥5.69 billion, a decrease of 25.74% compared to ¥7.67 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥43.29 million, down 76.23% from ¥182.11 million in 2019[18]. - The basic earnings per share for 2020 was ¥0.19, a decline of 76.54% compared to ¥0.81 in 2019[19]. - The company reported a net asset attributable to shareholders of approximately ¥2.37 billion at the end of 2020, a slight decrease of 0.08% from ¥2.37 billion at the end of 2019[18]. - The company experienced a significant drop in net profit after deducting non-recurring gains and losses, which was approximately ¥2.18 million in 2020, down 98.50% from ¥145.34 million in 2019[18]. - The company reported a net profit attributable to ordinary shareholders of RMB 43,286,223.25, with a cash dividend payout ratio of 0%[77]. - The net profit for 2020 was a loss of approximately ¥21.07 million, compared to a profit of ¥23.09 million in 2019, indicating a significant decline[174]. - The total comprehensive income for the year was CNY -21,065,645.75, indicating a significant loss in overall profitability[199]. Assets and Liabilities - The total assets at the end of 2020 were approximately ¥6.23 billion, an increase of 2.73% from ¥6.06 billion at the end of 2019[18]. - Total assets increased to CNY 6,227,604,654.48 in 2020 from CNY 6,062,149,319.04 in 2019, representing a growth of approximately 2.73%[163]. - Total liabilities increased to CNY 4,003,614,531.15 in 2020 from CNY 3,814,199,738.07 in 2019, marking a rise of about 4.95%[164]. - The company's total equity decreased to CNY 2,223,990,123.33 in 2020 from CNY 2,247,949,580.97 in 2019, representing a decline of approximately 1.07%[164]. - The company's total equity attributable to shareholders at the end of 2020 was ¥2,247,949,580.97, a decrease from ¥2,370,421,822.94 at the end of 2019[184]. Cash Flow - The net cash flow from operating activities for 2020 was approximately ¥413.03 million, an increase of 135.13% compared to ¥175.66 million in 2019[18]. - The cash flow from investing activities resulted in a net outflow of approximately ¥347.03 million in 2020, compared to a net outflow of ¥611.75 million in 2019[178]. - The cash flow from financing activities showed a net outflow of approximately ¥44.58 million in 2020, a decrease from a net inflow of ¥578.17 million in 2019[178]. - The total cash and cash equivalents at the end of 2020 amounted to approximately ¥673.56 million, up from ¥652.14 million at the end of 2019[178]. Operational Strategy - The company plans not to distribute profits or increase capital reserves for the year[4]. - The company plans to continue expanding its retail network beyond Ningxia into neighboring provinces such as Shaanxi, Gansu, Inner Mongolia, and Qinghai[28]. - The company is adapting its business model to include more online operations in response to the pandemic, which has accelerated the shift towards digital retailing[30]. - The company aims to enhance its market competitiveness by strengthening its supply chain and optimizing product offerings, ensuring value for consumers[72]. - The company is committed to innovation in product offerings and technology development to enhance market competitiveness[65]. Market Conditions - The overall market competition remains intense, with significant pressure from major retail players in the region[32]. - The total retail sales of consumer goods in the Ningxia region for the year were CNY 1,301.4 billion, with a decline of 7.0% compared to the previous year[32]. - The urban retail sales amounted to CNY 1,123.8 billion, down 7.1%, while rural retail sales were CNY 177.6 billion, down 6.7%[32]. Employee and Management - The company employed a total of 9,380 staff, with 1,220 in the parent company and 8,160 in major subsidiaries[130]. - The company maintained full salary payments for all employees during the one and a half months of closure due to the pandemic, despite significant cost pressures[131]. - The total pre-tax compensation for the chairman, Qu Kui, was 80.98 million yuan, while the vice chairman, Liang Qing, received 89.48 million yuan[123]. Governance and Compliance - The company has established a comprehensive internal control system to ensure compliance with corporate governance standards[135]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, indicating no significant deficiencies in internal controls[142]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information is available to all shareholders[137]. Risks and Challenges - The company faces risks from intensified competition in the retail market and potential impacts from economic slowdowns on consumer spending[73]. - The company has not reported any significant risks or non-operational fund occupation by controlling shareholders[5].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥2.93 billion, a decrease of 25.64% compared to ¥3.95 billion in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥51.06 million, down 69.21% from ¥165.86 million in the previous year[17]. - The basic earnings per share for the first half of 2020 was ¥0.2263, a decrease of 69.21% from ¥0.7351 in the same period last year[18]. - The company achieved a total revenue of CNY 293,477.59 million in the first half of 2020, representing a year-on-year decline of 25.64%[29]. - The net profit attributable to shareholders was CNY 5,106.50 million, down 69.21% year-on-year due to the impact of the pandemic[29]. - The total operating income decreased by 25.64% to CNY 2,934,775,943.27 compared to the same period last year[38]. - The net profit for the first half of 2020 was CNY 39,409,590.91, a decline of 74.4% from CNY 153,923,739.10 in the first half of 2019[87]. - The company reported a net loss of 45,111,764.44 during the current period[109]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥121.15 million, a significant increase of 445.98% compared to a negative cash flow of ¥35.02 million in the same period last year[17]. - The cash flow from operating activities for the first half of 2020 was CNY 121,147,342.07, a recovery from a negative cash flow of CNY -35,015,629.63 in the first half of 2019[93]. - The total cash inflow from operating activities was CNY 4,073,705,404.33, compared to CNY 4,338,560,676.96 in the first half of 2019, reflecting a decrease in operational cash flow[93]. - The company reported a net cash outflow of CNY 100,261,236.28 for the first half of 2020, contrasting with a net inflow of CNY 117,296,990.21 in the same period of 2019[97]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.78 billion, a decrease of 4.66% from ¥6.06 billion at the end of the previous year[17]. - The company's total assets amounted to CNY 3,884,796,149.35, a decrease from CNY 3,961,392,002.33 at the end of 2019[84]. - Total liabilities were reported at ¥3,536,851,052.02, down from ¥3,814,199,738.07, showing a decrease of approximately 7.3%[79]. - The company's total liabilities increased, with cash received from borrowings amounting to CNY 320,366,702.51, compared to CNY 300,000,000.00 in the previous year[97]. Business Operations - The company operated 270 physical stores, including 12 department stores, 168 supermarkets, and 90 electronics stores, covering major cities in Ningxia and surrounding provinces[23]. - The supermarket segment achieved revenue of CNY 212,178.22 million, a year-on-year decrease of 0.96%. Excluding the impact of the new revenue recognition standards, revenue increased by 16.85%[32]. - The appliance segment reported revenue of CNY 46,508.30 million, a year-on-year decline of 39.52%. Excluding the new revenue recognition standards, revenue decreased by 29.65%[33]. - The logistics segment generated revenue of CNY 2,060.01 million, with a cost of CNY 1,495.94 million, indicating a focus on improving operational efficiency[24]. Strategic Initiatives - The company implemented a marketing transformation by launching the "New Bai Yi Purchase" social e-commerce platform to enhance online sales capabilities[30]. - The company plans to develop the Ningyang Commercial Plaza project, focusing on a comprehensive commercial complex to strengthen its competitive position in the Xixia District[30]. - The company plans to focus on market expansion and new product development in the upcoming quarters[86]. - The company has indicated a strategic shift towards enhancing its digital services and technology capabilities[86]. Shareholder and Governance - The company does not plan to distribute profits or increase capital reserves during this reporting period[4]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2020[49]. - The company’s actual controller and shareholders have made commitments to avoid engaging in competitive business activities with Xinhua Department Store and its subsidiaries[51]. - The total number of ordinary shareholders as of the end of the reporting period was 9,159[69]. Risks and Compliance - There are no significant risks or non-operating fund occupation issues reported during the period[6]. - The company has not made any forward-looking commitments that could pose investment risks[5]. - The company has indicated potential risks but has not provided specific details in the report[47]. - There are no significant litigation or arbitration matters reported for the current period[58]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[127]. - The company adopted the new revenue recognition standard effective January 1, 2020, which reclassified customer payments as contract liabilities and recognized taxes as other current liabilities[196]. - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period, following the implementation of the new revenue standards from January 1, 2020[64].

Financial Performance - Operating revenue decreased by 26.84% to CNY 1,641,290,685.65 year-on-year[4] - Net profit attributable to shareholders decreased by 51.23% to CNY 55,066,188.75 compared to the same period last year[4] - Basic earnings per share decreased by 52.00% to CNY 0.24 compared to the previous year[4] - The company's operating revenue for Q1 2020 was approximately RMB 1.64 billion, a decrease of 26.84% compared to RMB 2.24 billion in the same period last year[11] - The net profit attributable to the parent company was RMB 55.07 million, down 51.23% from RMB 112.92 million year-on-year[12] - Net profit for Q1 2020 was CNY 47,608,653.98, a decline of 55.7% from CNY 107,278,299.79 in Q1 2019[24] - Operating profit for Q1 2020 was CNY 56,607,191.56, down 54.9% from CNY 125,720,184.10 in Q1 2019[23] Cash Flow - Net cash flow from operating activities increased by 26.22% to CNY 314,400,987.70 year-on-year[4] - The net cash flow from operating activities was CNY 314,400,987.70, an increase of 26.3% compared to CNY 249,084,824.71 in the same period last year[30] - The company reported a net cash flow from investment activities of CNY -54,231,411.69, worsening from CNY -35,889,488.60 in Q1 2019[30] - Cash flow from financing activities showed a net outflow of CNY -34,715,307.08, compared to CNY -133,190,779.55 in the previous year, indicating an improvement[30] - The company's cash flow from financing activities improved by 73.94%, primarily due to an increase in bank borrowings[12] Assets and Liabilities - Total assets increased by 3.12% to CNY 6,251,147,820.45 compared to the end of the previous year[4] - Total liabilities reached RMB 3,955,589,585.50, compared to RMB 3,814,199,738.07, marking an increase of around 3.70%[18] - Total current liabilities were ¥3,546,387,162.09, reflecting the company's short-term financial obligations[34] - Total liabilities amounted to approximately $2.12 billion, with current liabilities at $1.93 billion[39] - The company has a total of approximately $429.94 million in contract liabilities, indicating future revenue obligations[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,767[8] - The largest shareholder, Wumart Technology Group Co., Ltd., holds 36.15% of the shares[8] Other Financial Metrics - The weighted average return on equity decreased by 2.88 percentage points to 2.30%[4] - The company reported non-recurring gains and losses totaling CNY 8,704,934.65[8] - Other income surged by 757.93% to RMB 9.99 million, primarily due to increased government subsidies received[12] - Financial expenses rose by 54.67% to RMB 23.47 million, attributed to higher loan interest and fees[12] - The company reported a significant decrease in prepayments, down 37.55% to RMB 215.72 million, due to reduced advance payments to suppliers[11] - The company experienced a 91.73% decline in advance receipts, reflecting the reclassification of these amounts to contract liabilities under new accounting standards[12] Inventory and Receivables - Accounts receivable increased by 76.21% to RMB 232.44 million from RMB 131.91 million at the beginning of the period[11] - The company's inventory decreased to RMB 690,781,819.48 from RMB 737,832,603.50, a decline of about 6.37%[16] - The company's accounts receivable increased to RMB 232,437,479.22 from RMB 131,905,751.74, indicating a substantial increase of about 76.00%[16]

Financial Performance - Operating revenue for the first nine months was ¥4,273,791,538.00, representing a decrease of 25.06% year-on-year[7]. - Net profit attributable to shareholders was ¥33,994,063.58, down 80.07% from the previous year[7]. - Basic earnings per share decreased by 80.06% to ¥0.1507[7]. - Total revenue for Q3 2020 was ¥1,339,015,594.73, a decrease of 23.8% compared to ¥1,756,229,505.25 in Q3 2019[24]. - Net profit for Q3 2020 was a loss of ¥22,956,178.33, compared to a loss of ¥1,560,720.25 in Q3 2019[26]. - Total comprehensive income attributable to the parent company for Q3 2020 was CNY -17.07 million, compared to CNY 33.99 million in Q3 2019[28]. - Total revenue for the first three quarters of 2020 was approximately CNY 6.05 billion, a decrease of 4.2% compared to CNY 6.32 billion in the same period of 2019[30]. Cash Flow - Net cash flow from operating activities surged to ¥323,506,227.07, a significant increase of 5,428.71% compared to the same period last year[7]. - Cash inflow from investment activities decreased to CNY 545.26 million in 2020 from CNY 1.37 billion in 2019, reflecting a decline of 60.2%[31]. - Cash outflow for investment activities was CNY 940.18 million, down from CNY 1.78 billion in 2019, indicating a reduction of 47.1%[31]. - The company reported a net increase in cash and cash equivalents of CNY -52.15 million, compared to an increase of CNY 3.70 million in 2019[31]. - The company's cash inflow from operating activities totaled CNY 1.29 billion for the parent company, down from CNY 1.59 billion in the same period of 2019, reflecting a decline of 18.9%[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,073,938,574.21, a slight increase of 0.19% compared to the end of the previous year[7]. - Total liabilities increased to CNY 3,853,247,345.10 from CNY 3,814,199,738.07, marking an increase of about 1%[20]. - Long-term borrowings increased by 32.18% to CNY 279,320,000.00 compared to the beginning of the year, reflecting an increase in bank loans[14]. - Total current liabilities amounted to CNY 3,518,446,479.51, slightly down from CNY 3,546,387,162.09, a decrease of about 0.8%[20]. - Total current assets amounted to approximately 1.46 billion, with cash and cash equivalents at 241.72 million[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,995[11]. - The largest shareholder, Wumart Technology Group, held 36.15% of the shares[11]. Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company reported non-operating income of ¥5,014,528.40 from government subsidies related to normal business operations[8]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[25]. - The company is implementing new revenue recognition and leasing standards, which may impact future financial reporting[40]. Changes in Financial Metrics - The weighted average return on equity fell to 1.42%, a decrease of 6.29 percentage points year-on-year[7]. - Accounts receivable increased by 64.94% to CNY 217,564,193.87 compared to the beginning of the year, primarily due to an increase in external credit sales[14]. - Contract liabilities increased by 100.00% to CNY 550,158,545.50, attributed to the new revenue recognition standards[14]. - Other income increased by 311.05% to CNY 17,496,378.09 year-on-year, mainly due to increased government subsidies[15]. - Investment income decreased by 57.13% to CNY 1,861,424.83 year-on-year, primarily due to reduced returns from financial products[14].

Financial Performance - Net profit attributable to shareholders decreased by 80.07% to CNY 33,994,063.58 from CNY 170,557,394.99 in the same period last year[7] - Operating revenue for the first nine months was CNY 5,584,910,625.50, down 2.07% year-on-year[7] - Basic earnings per share dropped by 80.06% to CNY 0.1507 from CNY 0.7559 in the same period last year[7] - The net profit attributable to the parent company decreased by 80.07% year-on-year, primarily due to the impact of the pandemic on profits[15] - The net profit for Q3 2020 was a loss of ¥22,956,178.33, contrasting with a net profit of ¥16,453,412.58 in Q3 2019, marking a significant decline[26] - Total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥-17.07 million, compared to ¥4.69 million in Q3 2019[28] Cash Flow - The net cash flow from operating activities surged to CNY 323,506,227.07, a significant increase of 5,428.71% compared to CNY 5,851,383.26 in the previous year[7] - Cash inflow from operating activities totaled CNY 6,052,606,176.38, while cash outflow was CNY 5,729,099,949.31, resulting in a net cash flow of CNY 323,506,227.07[34] - The company’s cash flow from financing activities showed a net inflow of CNY 19,263,642.16, down from CNY 414,049,681.03 in 2019[34] - The cash flow from investment activities for the parent company showed a net outflow of CNY 243,631,244.21, an improvement from CNY 347,879,063.98 in 2019[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,073,938,574.21, a slight increase of 0.19% compared to the end of the previous year[7] - Total current assets decreased from CNY 2,249,526,580.46 to CNY 2,116,164,855.10, a decline of approximately 5.9%[18] - Total liabilities increased from CNY 3,814,199,738.07 to CNY 3,853,247,345.10, reflecting a rise of approximately 1.0%[20] - Total equity decreased from CNY 2,247,949,580.97 to CNY 2,220,691,229.11, a decline of approximately 1.2%[20] - The total liabilities as of Q3 2020 amounted to ¥2,167,194,941.20, up from ¥2,115,135,439.28 in the previous year, reflecting an increase of approximately 2.5%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,995[10] - The largest shareholder, Wumart Technology Group, holds 36.15% of the shares[10] Revenue and Costs - Total operating revenue for Q3 2020 was approximately ¥442.75 million, a 7.5% increase compared to ¥413.51 million in Q3 2019[29] - Total operating costs for Q3 2020 were ¥1,816,653,031.48, compared to ¥1,753,299,649.06 in Q3 2019, indicating an increase of about 3.6%[24] - The gross profit margin for Q3 2020 was approximately 20.5%, down from 22.5% in Q3 2019, indicating a decrease in profitability[24] Other Financial Metrics - The weighted average return on equity decreased by 6.29 percentage points to 1.42%[7] - Other income increased by 311.05% compared to the same period last year, primarily due to an increase in government subsidies received[15] - The company reported a significant increase in financial expenses, totaling approximately ¥14.79 million in Q3 2020, compared to ¥10.32 million in Q3 2019[30] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[31]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 3.80 billion, a decrease of 3.76% compared to RMB 3.95 billion in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was RMB 51.06 million, down 69.21% from RMB 165.86 million in the previous year[17]. - The basic earnings per share for the first half of 2020 was RMB 0.2263, a decrease of 69.21% from RMB 0.7351 in the same period last year[18]. - The total assets at the end of the reporting period were approximately RMB 5.78 billion, a decrease of 4.66% from RMB 6.06 billion at the end of the previous year[17]. - The company's net assets attributable to shareholders increased slightly by 0.25% to RMB 2.38 billion from RMB 2.37 billion at the end of the previous year[17]. - The weighted average return on equity for the first half of 2020 was 2.13%, down 5.38 percentage points from 7.51% in the same period last year[18]. - The gross profit margin for the overall business was 21.16%, down from 22.42% in the same period last year[24]. - The company reported a net profit of RMB 1,633,353,252.73, compared to RMB 1,627,400,064.56, showing a slight increase of about 0.11% in retained earnings[79]. - The company recorded a decrease in net profit of CNY 45,111,764.44, which may impact future performance assessments[105]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to RMB 121.15 million, compared to a negative cash flow of RMB 35.02 million in the same period last year, representing an increase of 445.98%[17]. - Cash flow from operating activities generated a net amount of CNY 121,147,342.07, a recovery from a net outflow of CNY -35,015,629.63 in the same period of 2019[92]. - Cash inflow from financing activities totaled CNY 499,784,411.57, an increase from CNY 375,768,000.00 in the same period last year[96]. - The ending balance of cash and cash equivalents was CNY 123,612,326.47, down from CNY 184,698,099.72 at the end of the first half of 2019[96]. - The company reported a net decrease in cash and cash equivalents of CNY 100,261,236.28 for the first half of 2020[96]. Business Operations - The company operated 270 physical stores, including 12 department stores, 168 supermarkets, and 90 electronics stores, covering major cities in Ningxia and surrounding provinces[23]. - The main business revenue accounted for 91.12% of total revenue, with supermarkets contributing 66.26%, department stores 18.49%, and electronics 14.66%[24]. - The department store segment saw a revenue drop of 28.10%, with a new store opened in Ningyang Plaza[31]. - The supermarket segment ensured stable supply of essential goods, sourcing nearly 300 tons of meat from various regions to meet consumer demand[31]. - The company implemented various strategies to mitigate the impact of the pandemic, including rent reductions for tenants and enhancing online sales capabilities[29]. - The company is focusing on integrating online and offline sales channels, utilizing platforms like WeChat groups and live streaming to boost sales[30]. - The company aims to strengthen its market position in the Xixia District through the new Ningyang Plaza project, targeting a competitive edge in the retail sector[30]. Financial Position - Long-term borrowings increased by 32.18% to CNY 279,320,000.00, reflecting increased bank loans[43]. - Accounts receivable rose by 88.49% to CNY 22,763,550.13, primarily due to increased bank acceptance bills[41]. - Prepayments decreased by 29.99% to CNY 241,851,800.75, indicating reduced advance payments to suppliers[43]. - Total liabilities decreased to RMB 3,536,851,052.02 from RMB 3,814,199,738.07, a reduction of approximately 7.29%[79]. - The company's equity attributable to shareholders was RMB 2,376,375,011.11, slightly up from RMB 2,370,421,822.94, reflecting a marginal increase of about 0.25%[79]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 9,159[69]. - The largest shareholder, Wumart Technology Group Co., Ltd., holds 81,570,343 shares, representing 36.15% of the total shares[70]. - Shanghai Baoyin Chuangying Investment Management Co., Ltd. holds 65,415,643 shares, accounting for 28.99% of the total shares, with 34,165,417 shares pledged[70]. Governance and Compliance - The company has a well-defined governance structure, with a shareholders' meeting as the highest authority and a board of directors responsible for major operational decisions[122]. - The company has not reported any significant litigation or arbitration matters during the reporting period[58]. - The company has committed to avoiding unfair pricing in transactions with Xinhua Department Store and its subsidiaries[54]. - The company has not disclosed any significant changes in the integrity status of its controlling shareholders or actual controllers[59]. Accounting Policies - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period, following the implementation of the new revenue standards from January 1, 2020[64]. - The company recognizes financial assets and liabilities upon entering into financial instrument contracts, classifying them based on management's business model and cash flow characteristics[139]. - The company applies the effective interest method to recognize interest income on financial assets, with specific adjustments for credit-impaired assets[140]. - The company has adopted the new revenue recognition standards effective January 1, 2020, which did not significantly impact the company's operating results or revenue recognition methods[197].

2020 年第一季度报告 公司代码：600785 公司简称：新华百货 银川新华百货商业集团股份有限公司 2020 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2020 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 | 6,251,147,820.45 | 6,062,149,319.04 | | 3.12 | | 归属于上市公司 | 2,425,488,011.69 | 2,370,421,822.94 | | 2.32 | | 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 | 314,400,987.70 | 249,084, ...