2020 年第一季度报告 公司代码：600827 900923 公司简称：百联股份 百联 B 股 上海百联集团股份有限公司 2020 年第一季度报告 1 / 20 2020 年第一季度报告 重要提示 一、 二、 公司基本情况 . 11Í 重要事项 四、 附录 . 目录 2 / 20 2020 年第一季度报告 单位：元 币种：人民币 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 公司负责人叶永明、主管会计工作负责人郑小芸及会计机构负责人（会计主管人员）陈妍保 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 | --- | --- | --- | --- | |------------------------------------------------|----------------|----------------------------------- ...

Financial Performance - Operating revenue for the first nine months was CNY 37.36 billion, up 4.43% from CNY 35.77 billion in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 717.00 million, a slight increase of 2.36% compared to CNY 700.49 million in the previous year[5] - Basic earnings per share for the period was CNY 0.40, up 2.56% from CNY 0.39 in the same period last year[5] - The total operating revenue for the first three quarters of 2019 was ¥37.36 billion, a 4.4% increase from ¥35.77 billion in the same period of 2018[18] - The total profit for Q3 2019 was ¥117.86 million, down from ¥146.44 million in Q3 2018, marking a decline of 19.5%[19] - Net profit for Q3 2019 was ¥4.16 million, a significant decrease of 80% compared to ¥20.84 million in Q3 2018[19] - The company's gross profit margin for the first three quarters of 2019 was approximately 10.4%, compared to 10.5% in the same period of 2018[18] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 53.86 billion, an increase of 18.54% compared to the end of the previous year[5] - Total liabilities increased to ¥32.47 billion, up from ¥25.59 billion, representing a growth of approximately 27.5% year-over-year[14] - Total current assets amounted to ¥19,572,042,069.97, a slight increase from ¥19,400,858,558.64, reflecting a growth of 0.9%[28] - Non-current assets decreased to ¥25,865,330,444.13 from ¥33,269,185,841.58, a decline of approximately 22.3%[28] - Total assets decreased to ¥45,437,372,514.10 from ¥52,670,044,400.22, a reduction of about 13.3%[30] - Total liabilities decreased to ¥25,588,330,271.95 from ¥32,833,910,624.96, a decline of approximately 22.0%[29] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 2.60 billion, representing a significant increase of 46.61% year-on-year[5] - Cash flow from financing activities decreased by 237.01% to -¥1,025,999,627.19, influenced by reduced borrowings and adjustments related to leasing standards[10] - The cash flow from operating activities for the first three quarters of 2019 was CNY 2,601,530,990.13, significantly higher than CNY 1,774,428,217.17 in the same period of 2018, marking an increase of about 46.3%[24] - The investment cash inflow for the first three quarters of 2019 was CNY 4,262,406,620.62, compared to CNY 3,181,234,433.89 in the same period of 2018, representing an increase of approximately 33.9%[24] Shareholder Information - Total number of shareholders reached 89,640, with the top ten shareholders holding 46.62% of shares[7] - The largest shareholder, Bailian Group Co., Ltd., holds 831,843,351 shares, accounting for 46.62%[7] - Total equity attributable to shareholders increased to ¥17.80 billion, up from ¥16.31 billion, reflecting a growth of approximately 9.1% year-over-year[14] Changes in Financial Indicators - Significant changes in financial indicators include a 54.80% decrease in prepaid expenses, dropping from ¥495,544,508.74 to ¥223,989,589.50[9] - Other receivables increased by 49.35%, from ¥383,668,681.88 to ¥572,992,768.15, due to increased interest from bank deposits[9] - Other current assets decreased by 60.12%, from ¥4,383,115,870.79 to ¥1,748,177,625.19, primarily due to a reduction in financial products[9] - Long-term receivables increased by 100%, reaching ¥438,921,319.17, attributed to new leasing standards[9] - The company reported a 321.33% increase in current non-current liabilities, from ¥176,456,963.16 to ¥743,471,194.25, due to new leasing standards[9] Comprehensive Income - The total comprehensive income for the period showed an increase in other comprehensive income to ¥3.16 billion from ¥2.08 billion, reflecting a growth of approximately 52.5%[17] - Other comprehensive income rose by 52.27%, from ¥2,077,105,474.17 to ¥3,162,792,854.21, also driven by increased stock values[9]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 26,098,518,724.97, representing a 5.08% increase compared to CNY 24,836,119,058.79 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 609,112,658.68, up 3.09% from CNY 590,828,613.19 year-on-year[11]. - The net cash flow from operating activities reached CNY 1,261,884,740.34, a significant increase of 86.73% compared to CNY 675,765,080.55 in the previous year[11]. - The total assets of the company at the end of the reporting period were CNY 53,132,242,509.81, reflecting a 16.94% increase from CNY 45,437,372,514.10 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 8.29% to CNY 17,666,485,538.13 from CNY 16,314,042,739.52[11]. - Basic earnings per share for the reporting period were CNY 0.34, a 3.03% increase from CNY 0.33 in the same period last year[12]. - The weighted average return on net assets rose to 3.55%, an increase of 0.52 percentage points compared to 3.03% in the previous year[12]. - The company reported a significant increase in other income, which rose by 258.56% to ¥43,078,992.96, compared to ¥12,014,322.78 in the previous year[24]. - The gross profit margin for the overall business is 19.49%, with a slight decrease of 0.24% compared to the previous year[22]. - The company reported a net profit margin improvement, with net profit increasing in line with revenue growth, although specific figures were not disclosed in the provided content[70]. Strategic Initiatives - The company completed the organizational restructuring in 2018, establishing a more efficient management system to respond quickly to market changes[16]. - The company launched the "JBP cooperation plan," establishing stable long-term strategic partnerships with 275 renowned domestic and international brands[18]. - The company opened the Jinan High-tech Outlet on March 29, 2019, and is actively advancing several other new projects[18]. - The company is focusing on enhancing the efficiency of transformed stores and optimizing product structures in key locations[18]. - The company plans to accelerate the transformation of existing stores and introduce new brands to attract customer traffic[19]. - The company aims to deepen supply chain construction and enhance core competitiveness by optimizing costs and processes[19]. - The company is expanding its online and offline integration, with six new cloud stores launched during the reporting period[18]. - The company is committed to exploring new retail models and enhancing digitalization in stores[19]. Risks and Challenges - The company did not report any significant risks or non-operational fund occupation by controlling shareholders[3]. - There were no major changes in the company's strategic direction or significant new product developments mentioned in the report[3]. - The company faces major risks including cost control, online-offline integration, and innovation transformation issues[32]. - The company plans to strengthen its commercial retail main business in the second half of 2019, promoting reform and innovation[32]. Related Party Transactions - Total revenue from related party transactions amounted to CNY 508,778,336.09 for the first half of 2019[40]. - The company provided services to related parties, generating significant income, with Shanghai Yiyuan Group Logistics Co., Ltd. contributing CNY 4,047,428.58 from property services[40]. - The financial receivables from related parties included CNY 1,651,840,384.21 from Bailian Group Financial Co., Ltd. at the end of the reporting period[42]. - The company reported a decrease in accounts receivable from Bailian Group Financial Co., Ltd. by CNY 1,270,554.58 during the reporting period[42]. - The company reported a significant increase in cash provided to related parties, totaling CNY 281,137,448.26 during the reporting period[42]. Investments and Acquisitions - The company acquired a 17% stake in Shanghai Hongqiao Friendship Mall Co., Ltd. for ¥45,333,300 from Junlian Investment Co., Ltd.[27]. - The company initiated the establishment of the Shanghai Bailian Yingshi Venture Capital Partnership with a total subscribed capital of ¥100,000,000, with the company contributing ¥30,000,000 for a 30% share[27]. - The company reported a significant increase in the fair value of its investments in Shanghai Pudong Development Bank, with a period-end balance of ¥1,385,393,109.98, reflecting a change of ¥222,991,354.78[29]. - The company’s investment in China Galaxy Securities reached a total of ¥49,000,000, reflecting a strategic focus on financial services[30]. Financial Health and Stability - The company's total liabilities include lease liabilities of ¥7,197,255,767.33, reflecting the implementation of new leasing standards[25]. - The company’s total assets include other equity instrument investments amounting to ¥4,657,046,907.29, which is a new classification under the new financial instrument standards[25]. - The company reported a total of 195,803,829.88 RMB in sales of goods to Shanghai Bailian Commercial Co., Ltd.[39]. - The company incurred 62,172,385.12 RMB in property management fees from its subsidiary, Shanghai Bailian Property Management Co., Ltd.[39]. - The company received 10,251,879.04 RMB in transaction and service fees from Shanghai Bailian Group Commercial Operation Co., Ltd.[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,186, with 69,241 A-share holders and 21,945 B-share holders[56]. - The top ten shareholders held a total of 831,843,351 shares, representing 46.62% of the total share capital[57]. - 百联集团有限公司 increased its shareholding by 16,494.29 million RMB, acquiring 17,895,416 shares, which is 1% of the total share capital[58]. - The number of restricted shares at the beginning of the period was 61,672,365, which were fully released during the reporting period[55]. - The company has no changes in the number of shares or share capital structure during the reporting period[54]. Accounting Policies and Compliance - The financial statements are prepared based on the going concern principle, adhering to the accounting standards issued by the Ministry of Finance[89]. - The company confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[90]. - The accounting policies and estimates comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[91]. - The company recognizes its share of assets and liabilities in joint operations and accounts for them according to relevant accounting standards[101]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥1,261,884,740.34, an increase from ¥675,765,080.55 year-over-year[79]. - The ending balance of cash and cash equivalents was ¥11,864,405,406.66, an increase from ¥8,505,230,675.21 in the previous year[79]. - The company reported a significant short-term loan of 50,600,000.00, with a net change of -20,600,000.00[43]. - The total amount of accounts payable reached 321,484,971.28, reflecting an increase of 25,000,000.00[44]. Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific details were not provided in the content[70]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[72].

Financial Performance - Operating revenue for the period was CNY 14,241,338,291.25, representing a growth of 5.04% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 328,634,018.45, which is a 6.39% increase from the previous year[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 317,852,701.84, which is a 6.09% increase compared to the previous year[4] - Basic earnings per share were CNY 0.18, up 5.88% from CNY 0.17 in the same period last year[4] - Total operating revenue for Q1 2019 was CNY 14,241,338,291.25, an increase of 5.04% compared to CNY 13,558,298,942.09 in Q1 2018[21] - Net profit for Q1 2019 reached CNY 480,121,206.17, slightly up from CNY 472,395,940.68 in Q1 2018, representing a growth of 1.54%[22] - The company reported a total comprehensive income of CNY 1,484,527,434.01 for Q1 2019, significantly higher than CNY 157,114,374.61 in Q1 2018[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 46,277,107,220.40, an increase of 1.85% compared to the end of the previous year[4] - Total liabilities decreased from CNY 25,588,330,271.95 to CNY 24,963,983,007.44, a reduction of approximately 2.4%[17] - Total current assets amounted to CNY 19,284,943,686.69, slightly down from CNY 19,572,042,069.97 in the previous year[15] - Non-current assets increased to CNY 26,992,163,533.71, up from CNY 25,865,330,444.13, indicating growth in long-term investments[16] - Total liabilities to equity ratio improved from 1.29 to 1.15, indicating a decrease in financial leverage[17] Cash Flow - The net cash flow from operating activities was CNY 944,619,002.12, showing a slight increase of 0.56% year-on-year[4] - Net cash flow from investing activities improved to CNY 1,938,295,313.78, compared to a negative CNY -746,815,054.67 in the previous year, primarily due to reduced expenditures on financial products[12] - Net cash flow from financing activities decreased to CNY 43,348,408.13, down 70.75% from CNY 148,175,646.22, mainly due to a reduction in bank borrowings[12] - Cash inflow from operating activities totaled 17,456,035,097.98 CNY in Q1 2019, up from 16,402,037,987.58 CNY in Q1 2018, representing a growth of approximately 6.4%[27] - The net cash flow from investment activities was 1,938,295,313.78 CNY, a turnaround from a net outflow of 746,815,054.67 CNY in Q1 2018[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 95,586, with 73,395 holding A shares and 22,191 holding B shares[6] - Bailian Group Co., Ltd. holds 825,902,415 shares, accounting for 46.29% of the total share capital[9] - Shanghai Friendship Fosun (Holding) Co., Ltd. holds 98,921,224 shares, representing 5.54% of the total share capital[9] Changes in Financial Policies - The company has undergone a change in accounting policies effective January 1, 2019, impacting the classification of financial assets[9] - The company’s financial assets were reclassified under new financial instrument standards, leading to a 100% decrease in available-for-sale financial assets[10] - The company executed new financial instrument standards starting January 1, 2019, impacting the financial statement format[35] Other Financial Metrics - The weighted average return on equity increased to 1.88%, up by 0.02 percentage points compared to the previous year[4] - Other comprehensive income increased to CNY 3,087,994,715.71, up 48.67% from CNY 2,077,105,474.17, primarily due to the rise in fair value of other equity instruments[12] - Financial expenses rose to CNY -52,535,477.95, an increase of 85.89% compared to CNY -28,262,281.28, mainly due to increased interest on structured deposits[12]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 872.10 million in 2018, representing a 2.96% increase compared to RMB 847.05 million in 2017[4]. - Total operating revenue for 2018 was RMB 48.43 billion, a 2.64% increase from RMB 47.18 billion in 2017[17]. - The basic earnings per share for 2018 was RMB 0.49, up 4.26% from RMB 0.47 in 2017[18]. - The weighted average return on equity increased to 5.28% in 2018, up from 5.08% in 2017, reflecting a 0.20 percentage point increase[18]. - The net profit attributable to shareholders in Q1 2018 was approximately CNY 308.89 million, which dropped to about CNY 171.61 million in Q4 2018, reflecting a decrease of approximately 44.5%[20]. - The total non-recurring profit and loss for 2018 amounted to approximately CNY 184.78 million, compared to CNY 212.66 million in 2017[22]. - The company reported a significant decrease in investment income, down 67.46% to ¥209,056,188.95 from ¥642,535,680.88 in the previous year[35]. - The company reported a net profit of -112.1 million for Lianhua Supermarket, with total assets of approximately 16.91 billion[61]. - The company reported a net profit of 89.3 million for Shanghai Baijiazhonghuan Shopping Plaza[61]. Cash Flow and Assets - The net cash flow from operating activities decreased by 15.65% to RMB 1.80 billion in 2018, down from RMB 2.13 billion in 2017[17]. - The company's total assets increased by 1.72% to RMB 45.44 billion at the end of 2018, compared to RMB 44.67 billion at the end of 2017[17]. - The net cash flow from operating activities in Q2 2018 was negative at approximately CNY -263.55 million, contrasting with a positive cash flow of about CNY 939.32 million in Q1 2018[20]. - The total cash and cash equivalents at the end of the year reached CNY 8,794,443,572.95, up from CNY 7,967,281,789.34 at the beginning of the year[151]. - The total current assets increased to CNY 19,572,042,069.97 from CNY 17,554,441,790.30, representing an increase of approximately 11.5% year-over-year[140]. - The company's total liabilities rose to CNY 25,588,330,271.95 from CNY 24,350,395,814.54, which is an increase of about 5.1%[142]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 321.15 million, subject to approval at the annual general meeting[4]. - In 2018, the company distributed a cash dividend of 0.18 CNY per share, totaling 321,150,261.06 CNY, which represents 36.82% of the net profit attributable to ordinary shareholders[68]. - The cash dividend for 2017 was also 0.18 CNY per share, with a total distribution of 321,150,261.06 CNY, accounting for 37.91% of the net profit[69]. - The total number of ordinary shareholders reached 98,007, an increase from 95,586 in the previous month[101]. - The largest shareholder, Bailian Group Co., Ltd., holds 45.72% of the shares, totaling 815,732,467 shares[102]. Market and Operational Strategy - The retail industry faced intensified competition in 2018, with traditional department stores struggling due to changing consumer habits and the rise of e-commerce[26]. - The company anticipates further challenges in the retail sector due to ongoing shifts in consumer preferences and the impact of e-commerce on traditional retail formats[26]. - The company operates various retail formats, including department stores, shopping centers, and supermarkets, with a focus on self-operated and leased business models[25]. - The company launched the "Shopping Center 4.0" concept and initiated community "smart pop-up stores" to drive sales growth[28]. - The company is actively pursuing new project developments, including the Quyang Shopping Center, which is expected to open in 2019[28]. - The company is focusing on technology-driven smart retail, with widespread use of mobile payments and AI applications[39]. Restructuring and Governance - The company completed an organizational restructuring, establishing new departments including the Department of Department Stores and the Department of Shopping Centers, effective from July 2, 2018[28]. - The company has committed to avoiding substantial competition with its parent company, Baillan Group, and has established a priority acquisition right for any competing assets[70]. - The company completed a significant asset restructuring to avoid competition with its subsidiary, Lianhua Supermarket[71]. - The company has a strong governance structure with a clear delineation of roles among board members and executives[112]. - The board of directors held a total of 10 meetings during the year, with an average attendance of 4 in person and 6 via communication methods[124]. Employee and Management Information - The company employed a total of 38,455 staff, with 428 in the parent company and 38,027 in major subsidiaries[118]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 10.673 million yuan[115]. - The company emphasizes a salary system linked to performance indicators for senior management, ensuring remuneration aligns with operational achievements[115]. - The training program includes four major modules aimed at enhancing leadership, competency, and professional skills[120]. Financial Reporting and Compliance - The financial statements reflect the company's financial position as of December 31, 2018, and its operating results for the year, in accordance with accounting standards[131]. - The company has not reported any significant differences in governance compared to the requirements set by the China Securities Regulatory Commission[123]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[165]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[169]. Related Party Transactions - The total amount of related party transactions included RMB 19,260,413.76 for property management fees from Shanghai Yibai First Taiping Property Management Co., Ltd.[77]. - The company incurred RMB 180,522,113.96 in property management fees from Shanghai Bailian Property Management Co., Ltd.[77]. - The company engaged in related party transactions totaling RMB 69,340,854.26 for purchasing goods from Shanghai Baihong Commercial Trade Co., Ltd.[77]. Challenges and Future Outlook - The company is facing challenges related to rising operational costs, including rent, labor, and energy expenses[66]. - The company plans to enhance its retail terminal model innovation and accelerate the transformation of existing stores in 2019[64]. - The company aims to enhance online and offline integration to improve customer engagement and operational efficiency[66].

2018 年第三季度报告 公司代码：600827 900923 公司简称：百联股份 百联 B 股 上海百联集团股份有限公司 2018 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2018 年第三季度报告 2018 年第三季度报告 非经常性损益项目和金额 √适用 □不适用 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | | | 本报告期末比上年 | | | | | | | | 度末增减(%) | | | | 总资产 | 44,614,833,973.37 | | 44,670,535,875.27 | | | -0.12 | | | 归属于上市公司股东 的净资产 | 16,203,362,102.66 | ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥24.84 billion, representing a 0.81% increase compared to the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was approximately ¥590.83 million, a decrease of 6.61% year-over-year[20]. - The basic earnings per share for the first half of 2018 was ¥0.33, down 5.71% from ¥0.35 in the same period last year[20]. - The net cash flow from operating activities increased by 35.73% to approximately ¥675.77 million compared to the previous year[20]. - The total assets at the end of the reporting period were approximately ¥43.88 billion, a decrease of 1.77% from the end of the previous year[20]. - The company's net assets attributable to shareholders decreased by 3.40% to approximately ¥16.08 billion compared to the end of the previous year[20]. - The weighted average return on equity for the first half of 2018 was 3.03%, down from 3.76% in the same period last year[20]. - The company reported a decrease of 9.52% in net profit after deducting non-recurring gains and losses, totaling approximately ¥544.38 million[20]. - The company did not propose any profit distribution plan for the reporting period[6]. - In the first half of 2018, the company achieved a revenue of 24.8 billion yuan and a net profit of 590 million yuan, reflecting a stable performance in the retail sector[30]. Market Expansion and Strategy - The company is actively pursuing market expansion with new projects, including the transformation of existing stores and the launch of new shopping centers[33]. - The company plans to open three major outlet projects this year, ensuring timely completion and investment control[34]. - The company is focusing on enhancing its supply chain management capabilities, including expanding direct sourcing and developing a brand collection hall[32]. - The company has adjusted a total of 84,15 square meters in the department store sector, 52,328 square meters in shopping centers, and 10,900 square meters in the outlet sector, enhancing brand offerings[32]. - The retail market in China showed a 9.4% year-on-year growth in retail sales in the first half of 2018, indicating a stable consumption environment[30]. - The company is committed to innovation and digital transformation, aiming to enhance customer experience through smart retail initiatives[30]. - The company is exploring the development of an outlet complex model to enhance customer experience and functionality[26]. - The company plans to accelerate store transformation and upgrade management performance, focusing on three core business formats: department stores, shopping centers, and outlets[35]. - The company aims to enhance its self-operated supply chain to meet the growing demand for quality and personalized products[35]. - The company is actively pursuing regional expansion, particularly in the outlet and shopping center formats, to increase market share and brand influence[36]. Financial Management and Investments - The company has reduced short-term borrowings by 43.89% to CNY 1,033,000,000.00, reflecting improved cash management[46]. - The company reported a significant decrease in financial expenses, with a reduction of 40.57% compared to the previous year, primarily due to decreased interest income[42]. - The company has made strategic investments, including increasing its stake in Shanghai Shangying Bailian Cinema Management Co., Ltd. by CNY 1,862,000[47]. - The company acquired 100% of Anqing Baizong Commercial Investment Management Co., Ltd. for a total cost of ¥192,024,834.02 on March 23, 2018, with a net profit of -¥2,980,024.05 for the period[50]. - The company plans to continue expanding its market presence through strategic investments and acquisitions in the retail sector[56]. Challenges and Risks - The company faces challenges in integrating technology and improving efficiency compared to online giants, indicating a need for deeper technological integration[57]. - There are significant risks related to cost control as the company expands into new areas and integrates new technologies, which will require stricter cost management[57]. - The company acknowledges the uncertainty regarding the future profitability of its e-commerce subsidiaries due to regulatory requirements[63]. Corporate Governance and Structure - The company has established a new organizational structure to improve management efficiency and accountability across various departments[31]. - The company has committed to avoiding substantial competition with its subsidiaries post-major asset restructuring, ensuring no significant business overlap[63]. - The company has maintained a good integrity status during the reporting period, with no significant litigation or arbitration matters reported[67]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[61]. - The board of directors underwent a complete election process, ensuring fresh leadership and strategic direction moving forward[99]. Related Party Transactions - The total amount of related party transactions reported is approximately CNY 392.94 million[71]. - The company received property management fees from related parties totaling CNY 7.38 million and CNY 57.77 million from subsidiaries[70]. - The company provided services to related parties, generating service fees of CNY 1.96 million and CNY 421.65 thousand[71]. - The company reported sales of goods amounting to CNY 135.27 million from its subsidiary, Shanghai Bailian Yunshang Trading Co., Ltd.[71]. - The company has engaged in various service transactions with related parties, including rental services totaling CNY 31.02 million[71]. Financial Position and Assets - The total cash and cash equivalents as of June 30, 2018, amounted to CNY 9,996,928,851.18, an increase from CNY 9,620,175,562.92 at the beginning of the period, reflecting a growth of approximately 3.9%[103]. - The company's total current assets reached CNY 18,101,971,383.11, up from CNY 17,554,441,790.30, indicating an increase of about 3.1%[103]. - Inventory decreased to CNY 2,492,224,809.99 from CNY 2,854,946,029.52, representing a decline of approximately 12.7%[103]. - The total non-current assets were reported at CNY 25,000,000,000, with a notable increase in long-term equity investments to CNY 1,188,638,660.53 from CNY 1,130,801,117.64, showing a growth of about 5.1%[103]. - The company’s total liabilities as of June 30, 2018, were CNY 15,000,000,000, reflecting a stable financial position[103]. Accounting Policies and Compliance - The company prepares financial statements based on the going concern principle, adhering to the accounting standards issued by the Ministry of Finance and relevant regulations[136]. - The financial statements accurately reflect the company's financial position, operating results, and cash flows for the reporting period[138]. - The accounting period for the report is from January 1 to June 30, with a fiscal year ending on December 31[139]. - The company includes all subsidiaries in its consolidated financial statements based on control, ensuring consistent accounting policies across the group[143].

Financial Performance - In 2017, the company achieved a net profit of CNY 830,007,926.70, with a proposed cash dividend of CNY 1.80 per 10 shares, totaling CNY 321,150,261.06[5]. - The company's operating revenue for 2017 was CNY 47,181,121,375.62, representing a year-on-year increase of 0.22%[23]. - The net profit attributable to shareholders decreased by 5.92% to CNY 847,048,045.66 compared to 2016[23]. - The net cash flow from operating activities increased by 26.60% to CNY 2,132,864,648.01 in 2017[23]. - The total assets of the company at the end of 2017 were CNY 44,670,535,875.27, a decrease of 2.06% from the previous year[23]. - The basic earnings per share for 2017 was CNY 0.47, down 7.84% from CNY 0.51 in 2016[24]. - The weighted average return on equity decreased by 0.56 percentage points to 5.08% in 2017[24]. - The company achieved operating revenue of CNY 47.18 billion in 2017, a slight increase of 0.22% compared to CNY 47.08 billion in 2016[44]. - Net profit attributable to shareholders decreased by 5.92% to CNY 847.05 million from CNY 900.36 million in the previous year[44]. Business Operations - The company operates a diverse business model including department stores, supermarkets, and shopping centers, with a focus on chain operations and self-operated stores[32]. - The retail market in 2017 faced intense competition, prompting the company to enhance its reform and innovation efforts for sustainable development[34]. - The company has established a strong regional advantage in the Yangtze River Delta, with stores located in prime urban areas[36]. - The company aims to strengthen its supply chain capabilities through deep cooperation with suppliers, enhancing its competitive edge in the retail market[36]. - The company completed the transformation of 9 existing department stores, involving 160 brands and approximately 5,500 square meters[39]. - The company reported a 239% year-on-year increase in sales in adjusted areas of 5 outlet stores, covering 210 brands and approximately 32,298 square meters[40]. - The company opened the Baile Shopping Center in Chuan Sha on April 27, 2017, with a construction area of 93,000 square meters and over 200 international and domestic brands[43]. - The company is actively expanding its supply chain and enhancing its fresh produce procurement system to ensure high-quality supply[42]. - The company is focusing on the development of private labels, with new brands launched including "FRED" shoes and "LANTICHER" shirts[41]. - The company is enhancing its digital transformation efforts, including the digital upgrade of stores and the improvement of its membership system[42]. Investments and Acquisitions - The company acquired a 75% stake in Jinan Bailian for RMB 247,682,300 on January 24, 2017, with a reported revenue of RMB 259,946,413.86 and a net loss of RMB 9,628,266.51[75]. - The company purchased 100% of Yiwu Urban Life Supermarket Co., Ltd. for RMB 973,925,363.97 on July 31, 2017, generating a revenue of RMB 16,384,304.49 and a net profit of RMB 2,101,664.37[75]. - The company disposed of 100% of Shanghai Lianhua Fresh Food Processing and Distribution Center for RMB 371,976,559.38 on July 26, 2017, with a net asset value of RMB 399,131,349.11[77]. - The company sold 49% of Shanghai Bailian Commercial Brand Investment Co., Ltd. for RMB 326,537,359.74 on March 31, 2017, with a corresponding net asset value of RMB 326,537,367.70[77]. - The company established Shanghai Bailian Ying Shi Enterprise Management Co., Ltd. with an investment of RMB 255 million from its subsidiary and RMB 245 million from Shanghai Yinying Investment Management Co., Ltd.[73]. Financial Management - The company has invested CNY 3.15 billion in bank wealth management products, with the entire amount still outstanding[119]. - The company issued a total of RMB 30 billion in short-term financing bonds, with RMB 15 billion issued in September 2016 at an interest rate of 2.77% and another RMB 15 billion in April 2017 at 3.9%[124]. - The company completed the repayment of RMB 15 billion in principal and RMB 28,849,315.07 in interest on October 17, 2017[124]. - The company has maintained a stable capital structure with no changes in the total number of ordinary shares during the reporting period[130]. - The company has engaged in various entrusted financial management activities, with a total amount of RMB 2,950,000,000 across multiple financial products[120]. Governance and Compliance - The company has implemented a governance structure that complies with relevant laws and regulations, ensuring the protection of minority shareholders' rights[162]. - The board of directors consists of nine members, including three independent directors, and has established various committees to enhance governance[163]. - The company has a robust internal control system in place to safeguard the interests of minority shareholders and ensure accurate information disclosure[164]. - The company has not reported any changes in shareholding for its executives, indicating stability in leadership[145]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[127]. Future Outlook - The company plans to enhance operational management efficiency by focusing on marketing, service, and membership contributions[86]. - The company is committed to expanding its outlet and shopping center formats, with new projects planned in Changsha, Jinan, and Wuhan in 2018[86]. - The company recognizes risks related to technology integration and cost control, emphasizing the need for innovation and transformation in 2018[87]. - The company will continue to optimize its fresh food supply chain and enhance the quality control of self-operated bases through strategic partnerships with suppliers[86].

Financial Performance - Net profit attributable to shareholders decreased by 14.32% to CNY 308,887,153.54 compared to the same period last year[6] - Operating revenue increased by 1.40% to CNY 13,558,298,942.09 compared to the same period last year[6] - Basic earnings per share decreased by 15.00% to CNY 0.17 compared to the same period last year[6] - The weighted average return on equity decreased by 0.30 percentage points to 1.86% compared to the same period last year[6] - Net profit for Q1 2018 was CNY 472,395,940.68, slightly higher than CNY 465,652,589.66 in the same period last year, reflecting a growth of approximately 1.58%[26] - The company's operating revenue for Q1 2018 was CNY 35,823,141.89, a slight decrease of 0.52% compared to CNY 36,009,428.10 in the same period last year[29] - The net profit for Q1 2018 reached CNY 37,274,268.08, significantly up from CNY 2,090,457.15 in Q1 2017, marking an increase of approximately 1680%[30] - The total comprehensive income for Q1 2018 was CNY -277,422,834.08, compared to CNY -195,092,764.97 in the previous year, indicating a worsening in comprehensive income[30] Assets and Liabilities - Total assets decreased by 0.43% to CNY 44,479,278,474.50 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 21,984,054,793.04, down from CNY 22,460,368,436.67 at the beginning of the year, a decrease of about 2.12%[24] - Total liabilities as of March 31, 2018, were CNY 6,039,948,474.41, compared to CNY 6,238,839,283.96 at the start of the year, showing a reduction of approximately 3.19%[24] - The company's total equity as of March 31, 2018, was CNY 15,944,106,318.63, down from CNY 16,221,529,152.71, indicating a decrease of about 1.71%[24] Cash Flow - Net cash flow from operating activities increased by 186.16% to CNY 939,319,761.41 compared to the same period last year[6] - The net cash flow from operating activities was CNY 939,319,761.41, an increase from CNY 328,249,186.85 in the same period last year[33] - Cash and cash equivalents at the end of Q1 2018 totaled CNY 8,307,953,781.82, down from CNY 9,522,540,606.84 at the end of Q1 2017[34] - The financing cash flow net amount for Q1 2018 was CNY 148,175,646.22, a recovery from a negative cash flow of CNY -66,089,811.19 in Q1 2017[34] Shareholder Information - The total number of shareholders reached 105,663, with 83,098 holding A shares and 22,565 holding B shares[10] - The largest shareholder, Bailian Group Co., Ltd., holds 45.62% of the shares[10] Receivables and Payables - Accounts receivable decreased by 34.94% to ¥364,082,089.50 from ¥559,641,517.16, primarily due to the recovery of receivables by subsidiaries[12] - Interest receivable decreased by 55.21% to ¥79,847,066.23 from ¥178,269,435.79, mainly due to the recovery of interest by subsidiaries[12] - Other receivables increased by 34.12% to ¥233,660,820.51 from ¥174,214,853.32, attributed to an increase in other collections by subsidiaries[12] - Employee compensation payable decreased by 38.45% to ¥413,940,782.50 from ¥672,536,924.56, mainly due to the distribution of last year's year-end bonuses[12] Investment Activities - The company reported non-operating income of CNY 22,403,313.70 from various sources[8] - The company reported an investment income of CNY 123,701,844.84 for Q1 2018, compared to CNY 95,187,515.57 in the previous year, marking an increase of about 30.05%[26] - The investment income for Q1 2018 was CNY 20,415,196.52, a significant recovery from a loss of CNY -13,045,020.92 in the same period last year[29] Inventory and Costs - Total operating costs for Q1 2018 were CNY 13,044,228,205.82, up from CNY 12,819,970,493.53, indicating an increase of about 1.75%[26] - The company's inventory as of March 31, 2018, was CNY 77,386,528.85, up from CNY 74,110,002.00, reflecting an increase of about 4.09%[23] Future Plans - The company plans to establish the Bailian Fashion Industry Fund in collaboration with other entities, as approved by the board on January 31, 2018[14]

2017 年第三季度报告 公司代码：600827 900923 公司简称：百联股份 百联 B 股 上海百联集团股份有限公司 2017 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2017 年第三季度报告 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。 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 | 45,199,725,654.30 | | 45,609,596,343.27 | | -0.90 ...