2022 年第三季度报告 证券代码：600824 证券简称：益民集团 上海益民商业集团股份有限公司 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。 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 2 / 12 2022 年第三季度报告 (二)非经常性损益项目和金额 公司负责人陈洪志、主管会计工作负责人章懿及会计机构负责人（会计主管人员）张海锋保 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 1 / 12 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 | 单位：元 币种：人民币 | | --- | | 项目 | 本报告期 | 本报告期比上 年同期增减变 | | 年初至报告期末 | 年初至报告 期末比上年 | | | --- | --- | --- | --- | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥373,928,534.75, a decrease of 39.87% compared to ¥621,888,475.16 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥8,331,289.99, down 88.30% from ¥71,210,917.07 in the previous year[18]. - The net cash flow from operating activities was -¥105,552,418.11, a decline of 176.40% compared to ¥138,160,022.45 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.008, down 88.30% from ¥0.068 in the same period last year[19]. - The weighted average return on equity decreased to 0.31% from 2.68% in the previous year, a decline of 2.37 percentage points[19]. - The decline in financial indicators was primarily due to the impact of the COVID-19 pandemic on the retail, leasing, and tourism sectors in Shanghai[19]. Business Operations - The company operates in various sectors including retail, property leasing, and tourism, indicating a diversified business model[22]. - The company was established in 1993 and has evolved into a comprehensive commercial enterprise with multiple business lines[22]. - The company operates a total of 1,074 retail stores, including 446 self-operated and 628 franchised, across major urban areas in China[23]. - The company's revenue from self-operated retail reached approximately ¥216.29 million with a gross margin of 33.01% in the first half of 2022, compared to ¥398.12 million and a gross margin of 29.71% in the same period of 2021[25]. - E-commerce revenue was ¥46.85 million with a gross margin of 37.38% in the first half of 2022, down from ¥63.07 million and a gross margin of 34.70% in the previous year[25]. - The company’s rental income from property management was ¥96.12 million with a gross margin of 66.54% in the first half of 2022, compared to ¥137.14 million and a gross margin of 76.41% in the same period of 2021[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,531,045,400.38, a decrease of 1.00% from ¥3,566,615,117.70 at the end of the previous year[18]. - The company's net assets attributable to shareholders decreased by 0.76% to ¥2,644,847,096.84 from ¥2,664,974,543.27 at the end of the previous year[18]. - The company has approximately 168,000 square meters of owned properties, providing a stable foundation for its brand operations and property management[29]. - As of June 30, 2022, the company's equity investment balance was ¥731,594,782.97, an increase of 0.65% from ¥726,900,938.17 at the end of the previous year[37]. - The fair value of the investment in "Shanghai Detong Yimin Consumer Industry Equity Investment Fund Center (Limited Partnership)" increased from ¥484,206,581.36 on January 1, 2019, to ¥629,983,679.28 by the end of the reporting period[37]. Subsidiaries and Associates - The major subsidiary "Shanghai Gujin Underwear Group" reported a net loss of ¥1,228.65 million[38]. - The major subsidiary "Shanghai Tianbao Longfeng Gold and Silver Jewelry Co., Ltd." achieved a net profit of ¥85.17 million[38]. - The major subsidiary "Shanghai Yimin Commercial Investment Development Co., Ltd." reported a net profit of ¥627.38 million[38]. - The major associate "Shanghai Xinyu Watch Group Co., Ltd." had a net profit of ¥72.08 million[40]. Risk Factors - The company faces risks related to macroeconomic impacts on consumer behavior, particularly due to the ongoing effects of the COVID-19 pandemic[41]. - The company is actively pursuing asset integration and brand transformation to foster new growth points, but faces risks of not meeting expectations due to market changes[42]. - The company has been affected by government policies aimed at supporting small and micro enterprises during the pandemic, which may impact current revenue and profits[42]. Corporate Governance - Mr. Zhang Yi was elected as the Vice Chairman of the Board on May 25, 2022, following his election as a director on the same day[47]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[48]. - The company has committed to resolving competition issues with its actual controller, Huaihai Group, with a timeline extending to April 2027[55]. - The company has maintained a neutral position to protect the interests of its shareholders and the listed company[55]. Legal Matters - The company reported a significant lawsuit involving a claim for RMB 16.3362 million related to a sales transaction, with the court ruling in favor of the plaintiff[59]. - The company has taken legal actions to enforce judgments from previous cases, demonstrating proactive management of its legal obligations[59]. - There are no significant litigation or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[57]. Environmental and Social Responsibility - The company provided a total of 400,000 yuan in aid to four paired villages in Yunnan Province for poverty alleviation efforts[51]. - The company continues to support rural revitalization initiatives in collaboration with local government[52]. - The company is not listed as a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[50]. - The company has implemented measures to ensure compliance with environmental protection laws and regulations[50]. Financial Reporting and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial reports accurately reflect its financial position and performance[114]. - The company has confirmed that there are no changes in significant accounting policies or estimates during the reporting period[198]. - The company has not reported any impairment losses that can be reversed in future accounting periods once confirmed[197]. - The company is compliant with the tax regulations set forth by the Ministry of Finance and the State Administration of Taxation regarding small and micro enterprises[200].

Financial Performance - The company's total revenue for 2021 was CNY 999,088,622.64, a decrease of 1.18% compared to CNY 1,011,051,652.75 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 92,338,844.59, representing a significant decline of 47.37% from CNY 175,444,203.41 in 2020[22]. - The net cash flow from operating activities decreased by 30.14% to CNY 214,891,605.53 in 2021 from CNY 307,602,103.54 in 2020[22]. - The basic earnings per share for 2021 was CNY 0.088, down 46.99% from CNY 0.166 in 2020[23]. - The weighted average return on equity decreased to 3.49% in 2021, down 3.39 percentage points from 6.88% in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -46,730,482.62, a decline of 864.59% compared to CNY 6,111,811.43 in 2020[24]. - The company reported a net profit attributable to shareholders of CNY -3.38 million in Q4, indicating a challenging end to the fiscal year[26]. - The company's total operating revenue for the reporting period was CNY 999,088,622.64, a decrease of 1.18% compared to CNY 1,011,051,652.75 in the previous year[50]. - The company reported a significant increase in financial expenses by 54.33% to RMB 18,948,421.15, attributed to the implementation of new leasing standards[66]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 214,891,605.53, down 30.14% from CNY 307,602,103.54 in the previous year[50]. - The company's investment activities generated a net cash flow of CNY 224,180,616.90, a significant increase of 660.26% compared to the previous year[50]. - The net cash flow from investing activities increased significantly by 660.26% to RMB 224,180,616.90, mainly due to the recovery of investments and compensation received[72]. - The company has invested RMB 102 million in non-principal guaranteed floating income short-term financial products, with no overdue amounts[168]. - The company reported a total expected return of RMB 1,000,000 from various financial management products, with all returns fully realized[170]. Inventory and Cost Management - The total inventory balance at the end of the reporting period is RMB 391,379,199.45, with inventory goods accounting for RMB 345,225,502.36, and lingerie and gold jewelry making up 92.45% of the inventory goods[62][63]. - The cost of lingerie products is RMB 171,592,292.08, representing 33.13% of total costs, while the cost of gold jewelry is RMB 256,299,868.72, accounting for 49.48% of total costs, showing a year-on-year decrease of 15.54% due to reduced sales[61]. - The total cost of goods sold in the commercial retail and wholesale sector was 333.72 million RMB, a decrease of 12.49% from the previous year's 381.35 million RMB, mainly due to reduced gold sales[60]. Business Strategy and Development - The company is actively pursuing brand development through online and offline integration, including the adoption of a "cloud" ordering model and exploring new sales channels such as live streaming and social media[36]. - The company has introduced new functional products that combine fashion and technology, responding to market demands and enhancing brand visibility through various marketing strategies[36]. - The company is focused on the development of new business projects, including the renovation of the freshwater road elderly care project and the promotion of traditional brands to expand their influence[40]. - The company aims to enhance brand transformation by upgrading online marketing models and improving supply chain flexibility[91]. - The company plans to attract high-quality brands to the Huaihai Road commercial area, focusing on flagship stores and enhancing property management standards[92]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation of the board of directors and supervisory board[99]. - The company has maintained compliance with regulatory requirements, with no penalties from securities regulatory agencies in the past three years[116]. - The company has developed a transparent performance evaluation and incentive mechanism for its directors and senior management, ensuring compliance with legal regulations[101]. - The company has implemented a comprehensive internal control system to effectively prevent various risks, ensuring safe operations without incidents[94]. Shareholder and Dividend Information - The cash dividend proposal for 2021 is set at 0.27 CNY per 10 shares, totaling 28,458,730.97 CNY, which represents 30.82% of the net profit attributable to shareholders[128]. - The cash dividend for 2020 was 0.50 CNY per 10 shares, amounting to 52,701,353.65 CNY, accounting for 30.04% of the net profit attributable to shareholders[127]. - The company has engaged with small and medium-sized investors to gather opinions and suggestions regarding dividend distribution[127]. Market and Economic Environment - The retail industry is highly competitive, with significant pressure from e-commerce channels, which have drastically changed consumer purchasing habits and affected traditional store sales[95]. - The company faces risks related to the economic environment affecting consumer behavior, particularly in retail and property leasing, due to the impact of the COVID-19 pandemic on small and micro enterprises[95]. - In 2021, the total retail sales of consumer goods in China increased by 12.5% compared to the previous year, indicating a steady recovery in the market[86]. Employee and Training Initiatives - The total number of employees in the parent company is 59, while the main subsidiaries employ 485, resulting in a total of 544 employees[123]. - The company organized training for over 3,000 participants in 2021, focusing on enhancing professional skills and management capabilities[125]. - The company has established a performance-based compensation policy, emphasizing data and key results for employee evaluations[124]. Legal Matters - The company has not faced any delisting risk or bankruptcy restructuring issues[152]. - There were no major litigation or arbitration matters reported for the year[154]. - The company has filed a lawsuit against Lishuo (Shanghai) Real Estate Co., demanding overdue rent payments totaling RMB 25.588 million[158].

Financial Performance - The company's operating revenue for Q1 2022 was ¥223,936,268.02, a decrease of 26.95% compared to the same period last year[4] - The net profit attributable to shareholders was ¥36,323,994.48, down 10.59% year-on-year[4] - The basic earnings per share were ¥0.034, reflecting a decline of 12.82% compared to the previous year[4] - Total operating revenue for Q1 2022 was ¥226,590,218.51, a decrease of 27.6% compared to ¥313,254,798.42 in Q1 2021[18] - Net profit for Q1 2022 was ¥36,059,746.55, a decline of 11.5% from ¥40,730,829.73 in Q1 2021[20] - Earnings per share for Q1 2022 were ¥0.034, compared to ¥0.039 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥89,756,066.93, a decrease of 22.46% year-on-year[4] - In Q1 2022, cash inflow from operating activities was $202.65 million, a decrease of 32.1% compared to $298.43 million in Q1 2021[23] - Cash outflow from operating activities totaled $292.41 million in Q1 2022, down 29.4% from $414.18 million in Q1 2021[23] - Net cash flow from operating activities was -$89.76 million in Q1 2022, an improvement from -$115.76 million in Q1 2021[23] - The net increase in cash and cash equivalents was -$1.14 billion in Q1 2022, worsening from -$616.67 million in Q1 2021[24] - The ending balance of cash and cash equivalents was $225.34 million in Q1 2022, down 47.3% from $426.17 million in Q1 2021[24] - The company reported a significant decrease in cash received from sales of goods and services, totaling $128.83 million in Q1 2022, compared to $217.74 million in Q1 2021, a decline of 41.0%[23] - Cash received from interest, fees, and commissions was $2.69 million in Q1 2022, down 60.7% from $6.86 million in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,557,371,845.18, a slight decrease of 0.26% from the end of the previous year[5] - Total liabilities as of Q1 2022 amounted to ¥821,413,235.92, a decrease from ¥866,716,254.99 in the previous year[17] - Total equity attributable to shareholders was ¥2,701,298,537.75, an increase from ¥2,664,974,543.27 in the previous year[17] - The company's cash and cash equivalents decreased by 83.43% to ¥225,344,197.65, primarily due to investments in bank wealth management products[8] - Accounts receivable increased by 167.49% to ¥105,159,903.29, mainly due to outstanding payments for goods[8] - Inventory increased slightly from 308,693,023.43 RMB to 318,871,573.85 RMB, an increase of approximately 3.8%[16] Investment Activities - The company’s investment payments increased by 106.28% to ¥1,001,900,000.00, mainly due to the purchase of bank wealth management products[9] - Investment cash outflow in Q1 2022 was $1.01 billion, significantly higher than $485.70 million in Q1 2021, resulting in a net cash flow from investment activities of -$1.00 billion[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 59,625[11] - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds 411,496,529 shares, accounting for 39.04% of total shares[12] Operational Challenges - The company is closely monitoring the impact of the COVID-19 pandemic on its business operations and financial condition[13] - The company has not provided specific financial impact estimates related to the pandemic as of the report date[13] - The company is evaluating its leasing market and overall financial performance in light of ongoing pandemic developments[13] Other Financial Metrics - The company reported a significant reduction in interest income, which fell to ¥2,653,950.49 from ¥6,684,414.01 in Q1 2021[18] - Research and development expenses for Q1 2022 were ¥816,544.37, slightly down from ¥903,043.38 in Q1 2021[18] - The company experienced a decrease in sales expenses, which were ¥36,291,130.37 compared to ¥40,571,651.53 in Q1 2021[18] - The report indicates that the financial statements are unaudited as of March 31, 2022[15]

2021 年第三季度报告 1 / 14 2021 年第三季度报告 一、 主要财务数据 证券代码：600824 证券简称：益民集团 上海益民商业集团股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 (一)主要会计数据和财务指标 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 2 / 14 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 186,150,886.86 -9.42 808,039,362.02 2.06 归属于上市 公司股东的 净利润 24,5 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 621,888,475.16, representing a year-on-year increase of 6.08% compared to CNY 586,225,576.12 in the same period last year[15]. - The net profit attributable to shareholders of the listed company reached CNY 71,210,917.07, a significant increase of 588.88% from CNY 10,337,231.71 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 51,876,217.62, compared to a loss of CNY 186,997.80 in the same period last year, marking a substantial recovery[15]. - The basic earnings per share for the first half of 2021 was CNY 0.068, up 580.00% from CNY 0.010 in the previous year[16]. - The weighted average return on net assets increased to 2.68%, up 2.26 percentage points from 0.42% in the same period last year[16]. - The company achieved a sales revenue of 635 million RMB in the first half of 2021, representing a year-on-year growth of 6.16%[33]. - The rental income and lingerie sales contributed to the increase in operating revenue, which amounted to 621.89 million RMB, up 6.08% from 586.23 million RMB in the same period last year[38][40]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 3,557,940,953.84, an increase of 4.39% from CNY 3,408,315,371.57 at the end of the previous year[15]. - The company's total assets at the end of the reporting period were ¥3,558,000,000, with cash and cash equivalents amounting to ¥560,137,674.25, a decrease of 46.29% from the previous year[44]. - The company's liabilities included accounts payable of ¥53,442,982.21, reflecting a 53.49% increase compared to the previous year[44]. - The company reported a significant increase in contract liabilities, which rose by 135.71% to ¥9,919,411.05, attributed to an increase in advance payments received[44]. - Total current liabilities increased to ¥676,480,190 from ¥612,893,180, representing an increase of approximately 10.4%[97]. - Total non-current liabilities rose to ¥198,343,892 from ¥132,131,071, marking a significant increase of about 50%[97]. - Total liabilities amounted to ¥874,824,082, up from ¥745,024,251, reflecting an increase of approximately 17.3%[97]. Cash Flow - The net cash flow from operating activities was CNY 138,160,022.45, a decrease of 15.78% compared to CNY 164,043,747.66 in the same period last year[15]. - The net cash flow from operating activities for the first half of 2021 was ¥138,160,022.45, a decrease of 15.8% compared to ¥164,043,747.66 in the same period of 2020[107]. - Cash received from sales of goods and services was ¥580,604,376.66, down from ¥609,107,432.86 in the same period last year, reflecting a decline of 4.3%[107]. - The net cash flow from investing activities was -¥602,945,581.53, worsening from -¥509,771,029.18 in the first half of 2020[108]. - Cash inflow from financing activities totaled ¥400,000,000.00, down from ¥460,000,000.00 in the same period last year, representing a decrease of 13.0%[108]. Business Operations - The company has diversified its business model, engaging in retail, commercial property leasing, and other sectors, positioning itself as a comprehensive commercial enterprise[22]. - The company operates a total of 1,137 retail stores, including 498 self-operated and 639 franchised, across major urban areas in China[23]. - The company is actively expanding its online sales channels, leveraging platforms like Tmall and JD.com[23]. - The company has established strategic partnerships with well-known institutions, enhancing its competitive edge in the market[31]. - The company is focusing on digital transformation and brand rejuvenation, including the establishment of an online operation platform[34]. Market Trends - The overall consumer market is showing signs of recovery, with a 20.6% year-on-year increase in retail sales for the first half of 2021[29]. - The retail sales of consumer goods in urban areas increased by 23.3% year-on-year in the first half of 2021[27]. - The company has experienced an increase in rental income and net profit from Shanghai Gujin Underwear Group Co., Ltd., contributing to the overall profit growth[16]. Research and Development - Research and development expenses increased by 37.33% to 2.12 million RMB, driven by higher labor and material costs[39]. - The company launched several new products, including various styles of bras that received positive consumer feedback[33]. Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[68]. - The company is actively pursuing legal actions to recover debts, reflecting a strategic focus on improving cash flow through litigation[70]. - The ongoing legal cases highlight potential risks and liabilities that may impact the company's financial position in the future[70]. Corporate Governance - A new board of directors was elected on June 30, 2021, with Chen Hongzhi appointed as the chairman[58]. - The financial statements for the reporting period were approved by the board of directors on August 27, 2021, ensuring compliance with regulatory requirements[123]. - The company has prepared its financial statements based on the going concern assumption, confirming no significant issues affecting its ability to continue operations for the next 12 months[125]. Accounting Policies - The company applies specific accounting policies and estimates tailored to its operational characteristics, particularly in revenue recognition[126]. - The company consolidates financial statements based on control, including all subsidiaries, and offsets internal transactions[133]. - The company recognizes goodwill in business combinations when the acquisition cost exceeds the fair value of identifiable net assets acquired[131].

Financial Performance - In 2020, the company's operating revenue was CNY 1,011,051,652.75, a decrease of 31.49% compared to CNY 1,475,705,852.94 in 2019[22]. - The net profit attributable to shareholders in 2020 was CNY 175,444,203.41, representing a 100.56% increase from CNY 87,475,152.04 in 2019[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,111,811.43, a decrease of 86.42% compared to CNY 45,014,070.06 in 2019[22]. - The net cash flow from operating activities was CNY 307,602,103.54, an increase of 189.71% from CNY 106,175,449.11 in 2019[22]. - The total assets at the end of 2020 were CNY 3,408,315,371.57, an increase of 7.13% from CNY 3,181,540,782.26 at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were CNY 2,625,337,052.33, a 6.02% increase from CNY 2,476,243,538.44 at the end of 2019[22]. - The basic earnings per share in 2020 were CNY 0.166, doubling from CNY 0.083 in 2019[23]. - The weighted average return on equity increased to 6.88% in 2020, up by 3.31 percentage points from 3.57% in 2019[23]. - The company's total revenue for 2020 was CNY 1.03 billion, a decrease of 30.78% compared to the previous year[44]. - The net profit attributable to the parent company for 2020 was CNY 175 million, an increase of 100.56% year-on-year[44]. Revenue Breakdown - In Q1, the company reported revenue of approximately ¥247.74 million, which increased to ¥338.49 million in Q2, but dropped to ¥205.50 million in Q3, and finally reached ¥219.32 million in Q4[26]. - The net profit attributable to shareholders was ¥2.41 million in Q1, surged to ¥7.92 million in Q2, and significantly increased to ¥20.87 million in Q3, culminating at ¥144.24 million in Q4[26]. - Revenue from commercial retail and wholesale reached ¥554.45 million, with a gross margin of 31.22%, reflecting a decrease of 44.69% in revenue compared to the previous year[59]. - The tourism and catering sector generated ¥9.49 million in revenue, with a gross margin of 75.52%, showing a revenue decline of 47.01% year-over-year[59]. - Real estate leasing and property management reported revenue of ¥240.48 million, with a gross margin of 75.49%, an increase of 13.15% in revenue compared to the previous year[59]. - E-commerce revenue was ¥136.71 million, with a gross margin of 28.01%, down 11.77% in revenue year-over-year[59]. - The lingerie segment generated ¥378.54 million in revenue, with a gross margin of 54.20%, reflecting a revenue decline of 37.94% compared to the previous year[59]. - Gold and jewelry sales amounted to ¥301.77 million, with a negative gross margin of -0.56%, indicating a revenue increase of 36.32% year-over-year[59]. - The overall revenue from Shanghai was ¥805.44 million, with a gross margin of 41.07%, down 26.71% compared to the previous year[62]. Operational Changes - The decline in operating revenue was primarily due to the impact of the COVID-19 pandemic on the commercial and tourism sectors[24]. - The company operates 1,175 retail stores, including 520 self-operated and 655 franchised, across major cities in China[33]. - The company owns approximately 168,000 square meters of commercial property, with 95,000 square meters located in prime areas of Shanghai[33]. - The company has expanded its online presence through flagship stores on major e-commerce platforms like Tmall and JD.com[33]. - The company continues to focus on self-operated sales, with its brands primarily engaged in design, production, and sales of their products[34]. - The company launched new online marketing initiatives, including partnerships with platforms like Meituan and Ctrip, to enhance customer engagement and sales[48]. - The company initiated the trial operation of the Jinchen Nursing Home, employing diversified marketing strategies to improve occupancy rates[50]. - The company is exploring new investment opportunities to foster economic growth and inject vitality into its operations[50]. Cost Management - Operating costs decreased by 37.21% to CNY 554,118,587.20 from CNY 882,537,672.66, primarily due to changes in sales models and the impact of the COVID-19 pandemic[55]. - The company reported a significant increase in cash and cash equivalents, reaching CNY 1.04 billion, a 39.50% increase from CNY 747.53 million in the previous period[39]. - Accounts receivable decreased by 38.29% to CNY 48.05 million, attributed to improved collection efforts[39]. - Inventory decreased by 32.86% to CNY 356.58 million, due to enhanced inventory management and accelerated de-stocking[39]. - The company reported a decrease in research and development expenses by 21.18% to CNY 3,496,938.95, reflecting cost-saving measures during the pandemic[55]. Strategic Initiatives - The company is actively pursuing brand transformation and has launched new products, including health-oriented antibacterial underwear[45]. - The company has established long-term strategic partnerships with well-known institutions, enhancing its innovation and transformation capabilities[40]. - The company aims to enhance its brand and structure optimization as part of its development strategy for the next three years[100]. - The company plans to enhance its core competitiveness by developing new products and expanding sales channels, focusing on brand development and cultural initiatives[103]. - The company aims to revitalize its existing assets by optimizing commercial structures and enhancing rental income potential in the Huaihai Road business district[104]. - The company is focusing on innovation-driven and diversified cooperation to achieve international transformation[99]. Social Responsibility - The company has a significant focus on social responsibility, participating in the "Hundred Enterprises Connect Hundred Villages" poverty alleviation initiative in Huangpu District[137]. - The company provided a total of 1.2 million RMB in aid to 8 poverty-stricken villages in Yunnan Province during the 2020 fiscal year[138]. - The aid standard was set at 150,000 RMB per village, with a total of 120,000 RMB allocated specifically for industrial development poverty alleviation projects[139]. - The company has signed a new round of pairing assistance agreements with two villages, committing to provide 250,000 RMB per village annually from 2019 to 2022, totaling 500,000 RMB for 2021[141]. - The company has been actively involved in social responsibility initiatives, publishing its 12th consecutive corporate social responsibility report, which has received positive evaluations from investment institutions[142]. Governance and Compliance - The company has implemented a comprehensive internal control system to mitigate various operational risks[106]. - The company emphasizes the importance of compliance with securities regulations and has committed to maintaining market order[162]. - The board of directors consists of 9 members, and the board operates independently without interference from the controlling shareholder[170]. - The company has established a sound internal control system to enhance governance standards[171]. - The company has no significant differences in governance compared to the requirements of the China Securities Regulatory Commission[172]. - The company has not faced risks of suspension or termination of its listing status[120]. - The company has not reported any major accounting errors that require correction[118]. Shareholder Information - The total number of ordinary shareholders increased from 53,746 to 54,654 during the reporting period[145]. - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 39.04% of the shares, totaling 411,496,529 shares[147]. - The company has maintained its ordinary share capital structure without any changes during the reporting period[145]. - The company does not have any shareholders holding more than 10% of shares other than the controlling shareholder[154]. Employee and Management - The company employed a total of 592 staff, including 58 in the parent company and 534 in major subsidiaries[163]. - The total hours of outsourced labor amounted to 2,837,504 hours, with total payments for outsourced labor reaching 63,226,707.45 yuan[166]. - A total of 3000 training sessions were organized for employees in 2020, focusing on skill enhancement and professional development[165]. - The company has implemented a performance-based salary system for senior management, linking compensation to profit and return on equity targets[159]. Legal Matters - The company faced significant litigation, including a case where it was ordered to pay ¥16,336,200.00 in a civil judgment[122]. - The company has ongoing litigation involving claims of ¥8,950,900.00 and associated overdue payment penalties of ¥1,270,000.00[122]. - The total amount claimed in the lawsuit is RMB 31,278,036.66, which includes overdue rent and security deposits[125]. - The court has been requested to enforce the collection of the overdue amounts[125].

2021 年第一季度报告 公司代码：600824 公司简称：益民集团 上海益民商业集团股份有限公司 2021 年第一季度报告 1 / 23 | 一、重要提示 3 | | --- | | 二、公司基本情况 3 | | 三、重要事项 6 | | 四、附录 9 | 2021 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈洪志、主管会计工作负责人陈洪志及会计机构负责人（会计主管人员）张海锋 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 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 | 3,536,066,733.12 | 3,408,315,371.57 | | 3.75 | | 归属于上市公司股东的 ...

Financial Performance - Operating income for the period was CNY 791,730,573.06, representing a 31.68% decrease year-on-year[7] - Net profit attributable to shareholders was CNY 31,204,713.72, down 68.66% from the previous year[7] - The company reported a basic earnings per share of CNY 0.030, a decrease of 68.09% year-on-year[7] - Total revenue for the period was CNY 80,895,160.00, a 30.89% decline year-on-year[8] - Revenue decreased by 31.68% to ¥791,730,573.06 from ¥1,158,892,924.07, mainly due to the impact of the COVID-19 pandemic on retail, leasing, and tourism sectors[14] - Total operating revenue for Q3 2020 was ¥211,053,453.35, a decrease of 46.7% compared to ¥396,503,357.29 in Q3 2019[33] - Operating income for the first three quarters of 2020 was ¥808,951,648.28, down 30.9% from ¥1,170,520,774.36 in the same period of 2019[33] - The company's total revenue for Q3 2020 was ¥33,932,007.05, a slight decrease of 0.04% compared to ¥33,946,793.23 in Q3 2019[36] Cash Flow and Liquidity - The net cash flow from operating activities increased by 138.35% to CNY 235,901,946.67 compared to the same period last year[7] - Cash and cash equivalents increased by 37.23% to ¥300,025,529.44 compared to ¥218,623,118.41 in the same period last year, primarily due to net cash inflow from operating activities[14] - The company reported a significant decline in cash and cash equivalents, dropping from CNY 747,533,164.52 on December 31, 2019, to CNY 300,025,529.44 by September 30, 2020, representing a decrease of approximately 60%[27] - The company's cash and cash equivalents at the end of the period were CNY 300,025,529.44, compared to CNY 218,623,118.41 at the end of the same period last year, reflecting a 37.2% increase[40] - The cash flow from operating activities for the parent company was CNY -108,245,886.05, a decline from CNY 10,232,822.28 in the previous year[43] - The parent company’s cash and cash equivalents at the end of the period were CNY 177,663,563.06, compared to CNY 113,900,451.52 in the same period last year, showing a 56.1% increase[43] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,192,523,808.56, a 0.35% increase compared to the end of the previous year[7] - The company’s total liabilities decreased, with accounts payable down by 41.77% to ¥41,059,780.46 from ¥70,511,641.35, indicating reduced obligations[14] - The total liabilities increased marginally from CNY 669,695,719.27 to CNY 673,160,847.86, showing a stable financial position amidst the pandemic[28] - Total liabilities decreased to ¥895,048,275.49 from ¥1,112,637,845.27, a reduction of 19.5%[30] - The company’s intangible assets decreased by 57.85% to ¥11,424,102.39 from ¥27,105,189.79, primarily due to impairment losses related to goodwill[14] Investment and Income - Interest income from pawn business increased by 48.10% to CNY 17,221,100.00 compared to the same period last year[8] - Investment income rose by 30.19% to ¥12,382,449.46 from ¥9,511,019.15, driven by increased stock investment returns and short-term financial product yields[15] - The company reported a net cash outflow from investment activities of CNY -645,786,165.84, which is a larger loss compared to CNY -463,803,022.87 in the same period last year[40] - The company reported a cash inflow from investment activities of CNY 300,209,426.36, which is an increase from CNY 210,890,818.83 in the previous year[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 57,523[12] - The company’s total equity rose from CNY 2,511,845,062.99 to CNY 2,519,362,960.70, indicating a slight growth in shareholder value[28] Legal Matters - Zhejiang Tianbao Fang is required to repay Tianbao Sales a total of RMB 16,336,200.00, plus overdue penalty calculated at 0.21% per day from August 1, 2015, until actual payment[17] - Tianbao Sales has initiated legal proceedings against Ye Shixing and Zhang Delong for RMB 8,950,900.00 in unpaid sales, with an additional overdue penalty of RMB 1,270,000.00[17] - The court has frozen bank deposits of RMB 10,220,900.00 belonging to Ye Shixing and Zhang Delong as part of the enforcement of the judgment[17] - The company has applied for property preservation in the amount of RMB 2,044,180.00 related to the ongoing litigation[17] - The company has received court enforcement payments totaling RMB 954,300.00 as of July 2020[20] Operational Challenges - The company anticipates a significant impact on annual net profit due to the COVID-19 pandemic, particularly affecting the retail and tourism sectors[23] - The company has implemented rent reductions for small and medium-sized enterprises in response to local regulations, which may further affect revenue[23] - The company is currently involved in litigation to recover overdue rental payments totaling CNY 25,588,036.66[21] - The company’s inventory decreased from CNY 531,113,803.86 to CNY 390,471,216.68, a reduction of approximately 26.5%[27] - The company’s long-term equity investments decreased from CNY 836,621.06 to CNY 392,713.82, reflecting a strategic shift in investment focus[27] Expenses - Operating costs fell by 32.63% to ¥461,662,622.42 from ¥685,267,389.26, reflecting the decline in revenue across affected sectors[14] - The company’s operating expenses increased by 87.28% to ¥8,217,730.05 from ¥4,387,902.39, largely due to donations made in response to the COVID-19 pandemic[15] - The financial expenses for Q3 2020 were ¥3,448,423.26, up from ¥2,923,295.10 in Q3 2019, marking an increase of 18.0%[36] - Research and development expenses for Q3 2020 were ¥870,136.42, up 100.5% from ¥434,421.43 in Q3 2019[33]

Financial Performance - The company's operating revenue for the first half of 2020 was 586.23 million yuan, a decrease of 23.55% compared to 766.84 million yuan in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was 10.34 million yuan, down 87.53% from 82.90 million yuan year-on-year[20]. - The basic earnings per share for the first half of 2020 was 0.010 yuan, a decline of 87.34% compared to 0.079 yuan in the previous year[19]. - The company reported a significant decline in revenue due to the impact of the COVID-19 pandemic on its retail, leasing, and tourism sectors[19]. - The overall impact of the COVID-19 pandemic has led to a significant decline in revenue across retail and tourism sectors, with expected net profit for the first three quarters to be adversely affected[51]. - The company reported a total of CNY 120,577,054.65 in other payables, an increase from CNY 88,361,361.60, indicating a rise of approximately 36.4%[95]. - The total comprehensive income for the first half of 2020 was CNY 57,702,780.09, compared to CNY 82,916,593.83 in the previous period, showing a decrease of about 30.38%[116]. Cash Flow and Assets - The company reported a net cash flow from operating activities of 164.04 million yuan, an increase of 143.95% compared to 67.24 million yuan in the same period last year[20]. - The company's cash and cash equivalents decreased by 47.35% to approximately CNY 393.61 million, primarily due to idle funds being used for short-term investments[32]. - The total assets at the end of the reporting period were 3.19 billion yuan, a slight increase of 0.38% from 3.18 billion yuan at the end of the previous year[20]. - The company reported a decrease in inventory to approximately ¥405.47 million, down 32.59% year-over-year[47]. - The total cash and cash equivalents at the end of the first half of 2020 were 241,867,929.82 RMB, down from 628,469,557.97 RMB at the beginning of the period[110]. Business Operations - The company operates 1,235 retail stores, including 560 self-operated and 675 franchised stores across major cities in China[25]. - The company has established flagship stores for its brands on major e-commerce platforms such as Tmall and JD.com, enhancing its online sales channels[26]. - The company launched personalized mask products and antibacterial items, adapting to market trends and consumer needs[37]. - The company actively engaged in online and offline promotional activities during key shopping festivals, boosting sales performance[39]. - The company is progressing with major asset restructuring and exploring new business projects, including the trial operation of a nursing home[40]. Market Conditions - The restaurant and accommodation sectors saw a decline in revenue, with restaurant income down 32.8% year-on-year, although there were signs of recovery in the latter part of the period[30]. - Online retail sales continued to grow, with a year-on-year increase of 14.3% in the first half of 2020, accounting for 25.2% of total retail sales[29]. - The overall market for consumer goods showed signs of recovery, with retail sales improving in the second quarter of 2020, indicating a gradual return to pre-pandemic levels[28]. - The retail industry faces intense competition, particularly from e-commerce, which has significantly altered consumer purchasing habits[52]. Shareholder and Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[7]. - The total number of ordinary shareholders as of the end of the reporting period is 64,143[81]. - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 39.04% of the shares, totaling 411,496,529 shares[84]. Legal and Compliance - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[63]. - There are no undisclosed significant litigation matters, and the integrity status of the company and its controlling shareholders is good[64]. - The company has initiated legal proceedings against Ye Shixing and Zhang Delong for a total claim of RMB 10,220,900.00, including overdue penalties of RMB 1,270,000.00[60]. Corporate Social Responsibility - The company has committed to poverty alleviation efforts, providing a total of RMB 1,200,000 to support eight impoverished villages from 2019 to 2020[69]. - The company provided a total of RMB 1.2 million in assistance to 8 impoverished villages in Yunnan Province in 2019, with plans to continue providing RMB 150,000 per village in 2020[73]. - The company has committed to a new round of assistance to the villages in Chongming District, providing RMB 250,000 per village in 2020, totaling RMB 500,000 for two villages[75]. Accounting and Financial Reporting - The company has implemented new revenue recognition standards effective January 1, 2020, which includes a unified revenue recognition model and clearer guidelines for multi-transaction contracts[79]. - The company has not reported any significant accounting errors that require retrospective restatement during the reporting period[78]. - The company adheres to the accounting policies and estimates in accordance with the relevant accounting standards, ensuring accurate financial reporting[125]. - The company recognizes revenue from retail sales upon the transfer of goods and receipt of payment, and recognizes rental income upon fulfilling contractual obligations[188].