Financial Performance - The net profit attributable to shareholders of the listed company for 2022 was -299,947,899.15 RMB, representing a decrease of 424.83% compared to the previous year[5]. - Operating revenue for 2022 was 799,416,030.77 RMB, a decline of 19.99% from 999,088,622.64 RMB in 2021[21]. - The net cash flow from operating activities decreased by 70.63%, amounting to 63,106,173.67 RMB compared to 214,891,605.53 RMB in 2021[21]. - Basic earnings per share for 2022 were -0.285 RMB, a decrease of 423.86% from 0.088 RMB in 2021[22]. - The total assets at the end of 2022 were 3,213,560,106.96 RMB, down 9.90% from 3,566,615,117.70 RMB in 2021[21]. - The weighted average return on net assets for 2022 was -12.01%, a decrease of 15.50 percentage points from 3.49% in 2021[22]. - The net profit after deducting non-recurring gains and losses was -97,320,798.73 RMB, compared to -46,730,482.62 RMB in 2021[21]. - The company did not distribute profits or increase capital from reserves for the 2022 fiscal year[5]. - The decline in net profit was primarily due to a decrease in the fair value of other non-current financial assets[23]. - Revenue from retail and leasing sectors saw significant declines, contributing to the overall decrease in operating income[23]. Operational Changes and Strategies - The company is actively implementing brand transformation and optimizing its main business structure to adapt to market changes[32]. - The company is focusing on inventory reduction and cost control measures to enhance sales performance[33]. - The company is enhancing its product lines by introducing new materials and targeting different customer segments[34]. - The company is expanding its online business and integrating promotional strategies to improve store efficiency[34]. - The company is developing a second-hand luxury goods trading platform to diversify its product offerings[37]. - The company is enhancing its service quality in the Jinchen brand, focusing on health care and support during the pandemic[37]. - The company is actively pursuing brand partnerships and channel development as part of its innovation strategy[39]. - The company has implemented a rental reduction policy to support tenants during the economic recovery phase[38]. - The company is focusing on enhancing internal controls and risk management as part of its "Star Project" initiative[40]. - The company is focusing on brand transformation, pandemic relief, and structural optimization to navigate the challenging economic environment[50]. Market and Economic Context - The average disposable income per capita in China increased by 5.0% in 2022, reaching CNY 36,883, while per capita consumption expenditure grew by 1.8%[42]. - The total retail sales of consumer goods in 2022 was 439,733 billion, a decrease of 0.2% compared to the previous year[79]. - The online retail sales of physical goods accounted for 27.2% of total retail sales, an increase of 2.7 percentage points year-on-year[96]. - The company anticipates risks related to economic conditions affecting consumer behavior, particularly in the retail and property leasing sectors[106]. - The company faces intense competition in the retail market, with a significant impact from the growth of e-commerce on traditional sales channels[106]. Governance and Management - The company held 3 shareholder meetings during the reporting period, ensuring all shareholders, especially minority shareholders, could fully exercise their voting rights[110]. - The board of directors held 7 meetings in 2022, adhering to relevant regulations and ensuring responsible participation from all directors[111]. - The supervisory board convened 6 meetings in 2022, with all meetings conducted in compliance with regulations[112]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[112]. - The company has implemented a comprehensive information disclosure system, ensuring timely and accurate information dissemination to all shareholders[112]. - The company experienced a change in leadership with Chen Hongzhi resigning as chairman on November 11, 2022[120]. - The current chairman, Zhang Min, began her term on December 1, 2022, and will serve until June 29, 2024[118]. - The company is focused on expanding its market presence and enhancing its governance structure through experienced leadership[120]. - The company aims to strengthen its operational efficiency and strategic direction under the new leadership[120]. Employee and Training Initiatives - The number of employees in the parent company is 53, while the total number of employees in major subsidiaries is 433, resulting in a combined total of 486 employees[132]. - The company organized training for over 2,000 employees to enhance professional skills in 2022[134]. Legal and Compliance Matters - The company has not faced any penalties from securities regulatory authorities in the past three years[125]. - The company has not faced any delisting risks or bankruptcy restructuring issues, reflecting a solid operational status[157]. - The company has not disclosed any temporary announcements regarding litigation or arbitration with ongoing developments, indicating no new significant legal challenges[158]. - The company has initiated legal proceedings against Lishuo (Shanghai) Real Estate Co., demanding overdue rental payments totaling RMB 25.588 million[165]. Financial Management and Investments - The company has entrusted a total of 106,900,000 RMB in bank wealth management, with no overdue amounts[175]. - The annualized return rates for various entrusted wealth management products range from 2.64% to 4.94%[176]. - The company has not made any significant changes to its major contracts or guarantees during the reporting period[177]. - The company has not engaged in any entrusted loans or related activities during the reporting period[177]. Social Responsibility and Community Engagement - Total donations and public welfare projects amounted to 2.215 million CNY in 2022[145]. - The company invested 900,000 CNY in poverty alleviation and rural revitalization projects in 2022[145]. - The company provided 400,000 CNY in aid to four paired villages in Yunnan Province[145]. - A total of 500,000 CNY was donated to support two village committees in Chongming District[145].

关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2023 年 05 月 09 日(星期二) 至 05 月 15 日(星期一)16:00 前登录上证路演 中心网站首页点击"提问预征集"栏目或通过 bshluo@yimingroup.com 进行提问。公司将在 说明会上对投资者普遍关注的问题进行回答。 上海益民商业集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 25 日发布公司 2022 年度报告，为便于广大投资者更全面深入 地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 16 日下午 15:00-16:00 举行 2022 年度业绩暨现金分红说明会， 就投资者关心的问题进行交流。 证券代码：600824 证券简称：益民集团 公告编号：临 2023-08 上海益民商业集团股份有限公司 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥181,174,879.76, representing a decrease of 2.67% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥10,871,872.75, a decline of 144.36% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,541,523.27, down 295.44% from the previous year[6]. - The basic earnings per share for Q3 2022 was -¥0.010, a drop of 144.36% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 564,517,027.71, a decrease of 31.6% compared to CNY 824,164,922.43 in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was a loss of CNY 1,506,311.32, compared to a net profit of CNY 97,402,303.06 in the same period of 2021[20]. - Operating profit for the first three quarters of 2022 was CNY 5,836,745.21, significantly down from CNY 121,383,534.02 in the same period of 2021[19]. - Total profit for the first three quarters of 2022 was CNY 6,185,677.23, a decrease of 95.0% from CNY 124,990,088.47 in the same period of 2021[20]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥25,257,736.00, reflecting a decrease of 83.36%[6]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 25,257,736.00, a decrease of 83.4% from CNY 151,771,923.98 in the same period of 2021[22]. - Cash and cash equivalents decreased significantly from ¥1,360,355,014.47 at the end of 2021 to ¥351,653,407.21, representing a decline of about 74.2%[17]. - The ending balance of cash and cash equivalents was 351,653,407.21, compared to 286,130,585.26, showing an increase of 22.9%[23]. - The cash flow from operating activities was not detailed, but the overall cash and cash equivalents decreased by 1,008,701,607.26, compared to a decrease of 756,712,373.89 in the previous year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,518,495,202.65, a decrease of 1.35% from the end of the previous year[6]. - Total liabilities as of September 30, 2022, were ¥848,561,387.68, down from ¥866,716,254.99 at the end of 2021, indicating a reduction of approximately 2.5%[18]. - The company's total equity decreased from ¥2,699,898,862.71 at the end of 2021 to ¥2,669,933,814.97, a decline of about 1.1%[18]. - The equity attributable to shareholders was ¥2,633,975,224.09, down 1.16% from the end of the previous year[6]. - As of September 30, 2022, total current assets amounted to ¥1,723,490,506.74, a decrease from ¥1,764,959,466.08 at the end of 2021, reflecting a decline of approximately 2.7%[17]. Shareholder Information - The company reported a total of 53,368 common shareholders at the end of the reporting period[13]. - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds 39.04% of the shares, totaling 411,496,529 shares[13]. Impact of External Factors - The decline in revenue and profits was primarily due to the impact of the COVID-19 pandemic on the retail, leasing, and tourism sectors in Shanghai[10]. - The company reported a significant decrease in rental income and other revenues due to the ongoing pandemic[10]. Investment Activities - Total cash inflow from investment activities for the first three quarters of 2022 was CNY 364,393,435.56, compared to CNY 392,638,243.08 in the same period of 2021[22]. - The total cash outflow from investment activities was 1,315,649,637.98, compared to 1,226,744,262.87 in the previous year, indicating an increase of approximately 7.2%[23]. - The net cash flow from investment activities was -951,256,202.42, worsening from -834,106,019.79 year-over-year[23]. - The company reported a significant increase in investment payments, totaling 1,298,970,000.00, compared to 1,217,974,122.59, marking a rise of 6.6%[23]. Financing Activities - Cash inflow from financing activities totaled 520,003,523.00, up from 400,000,000.00, reflecting a growth of 30%[23]. - Cash outflow for debt repayment was 540,000,000.00, an increase from 410,000,000.00, representing a rise of 31.7%[23]. - The net cash flow from financing activities was -82,703,140.84, slightly worse than -74,378,278.08 in the previous year[23]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 2,621,805.25, a decrease of 17.1% compared to CNY 3,165,017.00 in the same period of 2021[19]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15]. Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[23]. Financial Oversight - The report was presented by key financial personnel including Chen Hongzhi, Zhang Yi, and Zhang Haifeng, indicating a structured approach to financial oversight[23].

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 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]

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 Q3 2021 was ¥186,150,886.86, a decrease of 9.42% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2021 was ¥24,508,350.59, an increase of 17.45% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 56.38% to ¥9,487,023.84 in Q3 2021[5] - The basic earnings per share for Q3 2021 was ¥0.023, an increase of 17.45% year-on-year[5] - Operating profit for the first three quarters of 2021 was ¥121,383,534.02, significantly higher than ¥56,245,442.82 in the previous year, indicating a year-on-year increase of approximately 115.0%[16] - The company's net profit for the first three quarters of 2021 was ¥124,990,088.47, compared to ¥51,197,340.67 in the same period of 2020, representing a growth of approximately 144.5%[16] - The net profit for Q3 2021 was ¥97,402,303.06, a significant increase of 195.5% compared to ¥32,888,587.23 in Q3 2020[17] - The basic and diluted earnings per share for Q3 2021 were both ¥0.091, up from ¥0.030 in Q3 2020, representing a growth of 203.3%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,512,924,891.56, reflecting a 3.07% increase from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to ¥3,512,924,891.56, compared to ¥3,408,315,371.57 at the end of 2020, marking an increase of about 3.1%[14] - Current assets totaled ¥1,667,512,031.61, up from ¥1,505,948,623.14 at the end of 2020, which is an increase of approximately 10.7%[14] - The total liabilities as of September 30, 2021, were ¥804,932,821.64, compared to ¥745,024,251.06 at the end of 2020, reflecting an increase of about 8.1%[15] - Total current liabilities amounted to ¥612,893,180.49, with short-term borrowings at ¥410,000,000.00 and accounts payable at ¥34,817,711.46[25] - Non-current liabilities totaled ¥132,131,070.57, including lease liabilities of ¥92,058,665.03 and deferred tax liabilities of ¥130,606,074.86[25] - Total liabilities reached ¥745,024,251.06, while total equity was reported at ¥2,663,291,120.51[25] - The company's total assets were valued at ¥3,408,315,371.57, reflecting a comprehensive financial position[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥151,771,923.98, a decrease of 35.66% compared to the previous year[5] - Cash flow from operating activities for the first nine months of 2021 was ¥151,771,923.98, down 35.7% from ¥235,901,946.67 in the same period of 2020[20] - Cash flow from investing activities for the first nine months of 2021 was -¥834,106,019.79, worsening from -¥645,786,165.84 in the same period of 2020[20] - Cash flow from financing activities showed a net outflow of -¥74,378,278.08 in Q3 2021, compared to -¥37,623,415.91 in Q3 2020[21] - The company reported a total cash inflow from operating activities of ¥973,635,054.35 for the first nine months of 2021, compared to ¥942,795,491.44 in the same period of 2020[20] Shareholder Information - The company reported a total of 50,801 common shareholders at the end of the reporting period[11] - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds 39.04% of the shares[11] - The total equity attributable to shareholders was ¥2,625,337,052.33, indicating strong shareholder value[25] - The company reported a total of ¥156,441,088.47 in capital reserves, contributing to its financial stability[25] - The company has a minority interest of ¥37,954,068.18, reflecting its diverse ownership structure[25] Other Financial Metrics - The weighted average return on equity increased by 2.34 percentage points to 3.60% year-to-date[5] - The company recognized non-recurring gains of ¥15,021,326.75 for the reporting period[7] - The company reported a significant increase in investment income, which reached ¥7,985,724.49 compared to ¥12,382,449.46 in the previous year[16] - Research and development expenses increased to ¥3,165,017.00 from ¥2,416,953.08 year-on-year, indicating a growth of approximately 31.0%[16] - The total revenue from sales and services received in the first nine months of 2021 was ¥741,635,828.10, slightly down from ¥754,544,719.00 in the same period of 2020[20] Regulatory and Reporting - The financial report was officially announced by the board of directors on October 27, 2021[28] - The company recognized changes in "right-of-use assets" and "lease liabilities" due to the new leasing standards effective from January 1, 2021[26] - The total assets as of January 1, 2021, were ¥3,500,374,036.60, reflecting an adjustment of ¥92,058,665.03 due to the new leasing standards[24]

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].

Financial Performance - Net profit attributable to shareholders surged by 1,583.03% to CNY 40,627,285.31 year-on-year[6] - Operating revenue rose by 23.75% to CNY 306,570,384.41 compared to the same period last year[6] - Basic earnings per share increased by 1,850.00% to CNY 0.039 compared to the previous year[6] - The company experienced significant growth in net profit and operating revenue due to market recovery from the pandemic impact[7] - Total operating revenue for Q1 2021 was CNY 313,254,798.42, an increase of 23.5% compared to CNY 253,675,258.39 in Q1 2020[24] - Net profit for Q1 2021 reached CNY 40,730,829.73, a significant increase of 1,424.5% from CNY 2,672,001.70 in Q1 2020[25] - Operating profit for Q1 2021 was CNY 49,693,025.29, compared to CNY 6,333,829.35 in Q1 2020, reflecting a growth of 684.5%[24] - The company reported a gross profit margin of approximately 15.0% in Q1 2021, up from 9.0% in Q1 2020[24] - Total operating costs for Q1 2021 were CNY 275,806,668.07, an increase of 11.3% from CNY 248,026,151.69 in Q1 2020[24] - The company reported a total comprehensive income of CNY 40,730,829.73 for Q1 2021, compared to CNY 2,672,001.70 in Q1 2020[25] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 215.74% to -CNY 115,755,788.02 year-on-year[6] - Cash and cash equivalents decreased by 59.13% to ¥426,169,788.25 from ¥1,042,842,959.15, primarily due to the purchase of bank wealth management products[13] - The net cash flow from operating activities was -¥115,755,788.02, worsening from -¥36,661,387.01 in the same period last year[30] - Cash outflow from investment activities reached ¥492,221,687.20, significantly higher than ¥272,863,741.45 in Q1 2020, resulting in a net cash flow from investment activities of -¥486,867,312.05[30] - The net cash flow from financing activities was -¥14,050,070.83, slightly improved from -¥14,204,564.16 in the previous year[30] - The ending cash and cash equivalents balance was ¥426,169,788.25, a decrease from ¥443,631,038.74 at the end of Q1 2020[30] - Total cash outflow from operating activities was ¥414,184,586.90, compared to ¥318,841,266.70 in the previous year, indicating a 30% increase[30] Assets and Liabilities - Total assets increased by 3.75% to CNY 3,536,066,733.12 compared to the end of the previous year[6] - Total liabilities increased to ¥832,044,782.88 from ¥745,024,251.06, representing an increase of approximately 11.5% year-over-year[19] - Current liabilities totaled ¥614,152,404.35, slightly up from ¥612,893,180.49, indicating a marginal increase of 0.4%[19] - Non-current liabilities rose significantly to ¥217,892,378.53 from ¥132,131,070.57, marking a substantial increase of about 64.7%[19] - Total assets decreased to ¥3,263,102,241.15 from ¥3,349,330,768.99, reflecting a decline of approximately 2.6%[22] - Total equity increased to ¥2,704,021,950.24 from ¥2,663,291,120.51, showing a growth of approximately 1.5%[19] - The company reported a decrease in accounts payable from ¥57,113,922.47 to ¥34,817,711.46, a reduction of approximately 39.0%[19] - The company’s total current assets decreased to ¥1,028,069,555.08 from ¥1,114,913,339.41, a decline of about 7.8%[22] - The company’s total non-current assets remained relatively stable, increasing slightly to ¥2,235,032,686.07 from ¥2,234,417,429.58[22] Shareholder Information - The company reported a total of 53,746 shareholders at the end of the reporting period[11] - The top shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 39.04% of shares[11] Other Financial Metrics - The weighted average return on equity improved by 1.44 percentage points to 1.54%[6] - Non-recurring gains and losses totaled CNY 11,568,454.72 for the reporting period[9] - Tax expenses increased by 141.77% to ¥9,003,797.78 from ¥3,724,078.40, attributed to higher rental income and property tax[14] - Research and development expenses for Q1 2021 were CNY 903,043.38, indicating ongoing investment in innovation[24] - Income tax expenses for Q1 2021 were CNY 9,003,797.78, up from CNY 3,724,078.40 in Q1 2020[25] - The company achieved a fair value change gain of CNY 13,410,549.97 in Q1 2021, compared to CNY 133,828.48 in Q1 2020[24] Strategic and Operational Insights - The company has recognized lease liabilities and corresponding right-of-use assets due to the new leasing standards[37] - The company implemented new lease accounting standards starting in 2021, affecting prior comparative data[40] - The first quarter of 2021 marks the company's initial execution of the new lease standards[40] - There are no significant updates on user data or performance guidance provided in this document[40] - No new products or technologies were mentioned in the report[40] - The company did not disclose any market expansion or acquisition strategies in this quarter[40] - There are no specific financial metrics or performance summaries available in the content[40] - The document does not provide any future outlook or projections for the company[40] - No additional strategic initiatives were highlighted in the report[40] - The report consists of a brief overview without detailed financial data or insights[40]