Financial Performance - The company's operating revenue for Q3 2022 was ¥102,765,521.63, a decrease of 37.92% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was -¥52,629,996.19, representing a decline of 318.38% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥52,907,465.85, down 321.68% from the previous year[6]. - The basic earnings per share for Q3 2022 was -¥0.1661, a decrease of 318.39% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 375,911,899.89, a decrease of 28.6% compared to CNY 526,640,732.06 in the same period of 2021[30]. - The net profit for the first three quarters of 2022 was a loss of CNY 134,281,462.32, compared to a loss of CNY 27,326,553.38 in the same period of 2021[32]. - The net profit attributable to the parent company shareholders was -137,347,314.71 RMB, compared to -32,112,564.64 RMB in the same period last year, indicating a significant decline[37]. - The total comprehensive income amounted to -136,611,399.72 RMB, compared to -28,833,625.20 RMB in the previous year, reflecting a worsening financial position[37]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,898,428,023.95, a decrease of 3.07% from the end of the previous year[8]. - The equity attributable to shareholders decreased by 6.25% to ¥2,060,850,225.19 compared to the end of the previous year[8]. - Total assets as of September 30, 2022, were CNY 2,898,428,023.95, a decrease of 3.1% from CNY 2,990,302,300.94 at the end of 2021[30]. - Total liabilities increased to CNY 721,899,670.99, up 6.7% from CNY 676,718,548.26 at the end of 2021[30]. - The company's equity attributable to shareholders decreased to CNY 2,060,850,225.19, down 6.3% from CNY 2,198,197,539.90 at the end of 2021[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥33,236,829.91, a decline of 136.62% compared to the same period last year[6]. - Cash flow from operating activities decreased by 136.62% due to ongoing pandemic effects on commercial sales and tourism revenue[13]. - Cash flow from operating activities was -33,236,829.91 RMB, a stark contrast to 90,764,163.31 RMB in the same period last year, indicating a negative cash flow trend[42]. - Cash flow from investing activities resulted in a net outflow of -4,169,261.09 RMB, compared to -19,290,192.28 RMB in the previous year, showing a slight improvement[42]. - Cash flow from financing activities generated a net inflow of 69,844,931.88 RMB, contrasting with a net outflow of -185,056,680.29 RMB in the same period last year, indicating better financing conditions[42]. - The total cash and cash equivalents at the end of the period were 301,865,990.69 RMB, up from 266,534,827.41 RMB year-over-year, showing an increase in liquidity[42]. Operational Challenges - Operating profit declined by 360.75% as a result of reduced commercial sales and tourism revenue due to ongoing pandemic impacts[13]. - Net profit fell by 373.79%, influenced by decreased commercial sales and rental income reductions from policy implementations[13]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in liquidity management moving forward[30]. - The company received cash from sales of goods and services amounting to 408,064,843.21 RMB, down from 560,521,249.12 RMB in the previous year, indicating a decline in revenue generation[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,965[17]. - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 34.23% of the shares[17]. Government Support and Restructuring - The company received government subsidies amounting to ¥383,257.80 during the reporting period, contributing to its non-recurring gains[8]. - The company plans to acquire 86% equity in Beijing Foreign Enterprise Human Resources Service Co., Ltd. through asset swaps and share issuance[20]. - The company received approval from the China Securities Regulatory Commission for significant asset restructuring and fundraising activities[20]. - The company is actively progressing with the implementation of the major asset restructuring following regulatory approval[21].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥273,146,378.26, a decrease of 24.36% compared to ¥361,115,187.15 in the same period last year[22] - The net profit attributable to shareholders of the listed company was -¥84,717,318.52, representing a decline of 333.71% from -¥19,533,192.33 in the previous year[22] - The net cash flow from operating activities was -¥37,172,927.98, a significant decrease of 174.40% compared to ¥49,961,911.55 in the same period last year[22] - Basic earnings per share for the first half of 2022 were -¥0.2674, a decrease of 333.39% compared to -¥0.0617 in the same period last year[22] - The weighted average return on net assets was -3.93%, a decrease of 3.06 percentage points from -0.87% in the previous year[22] - The total comprehensive income attributable to the parent company was -84,717,318.52 CNY, compared to -19,533,192.33 CNY in the same period last year, indicating a significant decline[163] - The total profit for the first half of 2022 was -17,096,923.48 CNY, a decline from a profit of 3,074,635.68 CNY in the same period last year[168] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,930,195,765.85, down 2.01% from ¥2,990,302,300.94 at the end of the previous year[22] - The net assets attributable to shareholders of the listed company decreased by 3.85% to ¥2,113,480,221.38 from ¥2,198,197,539.90 at the end of the previous year[22] - Total current assets increased to ¥826,617,491.85 from ¥819,437,347.78, reflecting a growth of approximately 0.15%[141] - Total liabilities increased to ¥700,900,721.87 from ¥676,718,548.26, an increase of approximately 3.3%[147] - Total equity attributable to shareholders decreased to ¥2,113,480,221.38 from ¥2,198,197,539.90, a decline of about 3.9%[147] Cash Flow - The net cash flow from operating activities was negatively impacted by a decrease in commercial sales and tourism revenue due to ongoing pandemic effects[47] - The cash inflow from operating activities totaled 332,439,021.50 CNY, down from 437,611,927.23 CNY in the previous year, reflecting a decrease of approximately 24%[174] - The net cash flow from investing activities was -1,814,393.06 RMB, compared to 639,470.12 RMB in the same period last year[176] - The ending balance of cash and cash equivalents was 8,660,686.83 RMB, down from 157,240,612.17 RMB year-over-year[178] Market and Industry Trends - The total retail sales of consumer goods in the first half of 2022 reached 21,043.2 billion yuan, a year-on-year decrease of 0.7%[30] - Domestic tourism totalled 1.455 billion trips in the first half of 2022, a decline of 22.2% compared to the previous year, with tourism revenue dropping by 28.2% to 1.17 trillion yuan[33] - The retail sales of key large retail enterprises fell by 14.1% year-on-year in the first half of 2022[31] - The consumer price index increased by 1.7% year-on-year in the first half of 2022, indicating a moderate rise in living costs[31] Strategic Initiatives - The company is focusing on expanding its community supermarket services to provide a one-stop shopping experience for residents[34] - The company is actively adjusting its business strategy in response to market changes, including a focus on online and offline integration[43] - The company is exploring new development models in response to intensified competition in the commercial real estate market[41] - The company is committed to a low-carbon development strategy, focusing on reducing electricity consumption and promoting green office practices[68] Shareholder and Governance Matters - The company did not distribute profits or increase capital from reserves during the reporting period[5] - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[64] - The company has committed to maintaining compliance with regulatory standards, ensuring no legal issues are pending that could impact operations[83] - The company has confirmed that the existing shareholders of the target equity have fulfilled their capital contribution obligations, with no violations reported[90] Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% and aiming for 600 million RMB in net profit[77] - New product launches are expected to contribute an additional 100 million RMB in revenue, with two major products set to be released in Q3[78] - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 200 million RMB allocated for potential deals[81]

Financial Performance - The company's operating revenue for Q1 2022 was ¥188,089,232.61, representing a decrease of 3.01% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥19,532,080.68, a decline of 189.41% year-on-year[5] - The total profit for the period decreased by 158.92%, attributed to operational adjustments and increased taxes and intermediary fees related to company restructuring[12] - The net profit for Q1 2022 was -18,283,695.79 CNY, compared to -7,622,658.09 CNY in Q1 2021, indicating a significant increase in losses of approximately 140.5%[40] - The total comprehensive income attributable to the parent company for Q1 2022 was -19,532,080.68 CNY, compared to -6,748,858.83 CNY in Q1 2021, highlighting increased losses[40] - The total profit (loss) for Q1 2022 was -18,025,345.49 CNY, worsening from -6,961,733.91 CNY in Q1 2021, indicating a significant decline in overall profitability[40] Cash Flow and Assets - The net cash flow from operating activities was -¥6,541,227.89, down 117.71% from the previous year, primarily due to reduced commercial sales and tourism revenue impacted by the ongoing pandemic[12] - Cash flow from operating activities showed a net outflow of -6,541,227.89 CNY in Q1 2022, a decline from a net inflow of 36,935,734.69 CNY in Q1 2021[41] - Cash flow from financing activities resulted in a net inflow of 45,316,013.96 CNY in Q1 2022, contrasting with a net outflow of -99,497,834.03 CNY in Q1 2021, showing improved financing conditions[43] - The company's cash and cash equivalents increased to $309.71 million as of March 31, 2022, up from $270.57 million at the end of 2021, representing a growth of 14.5%[28] - The company reported cash and cash equivalents of 308,567,985.29 CNY at the end of Q1 2022, a decrease from 318,423,687.94 CNY at the end of Q1 2021[43] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,446[14] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 108,452,397 shares, accounting for 34.23% of total shares[14] - The second-largest shareholder, Wu Jianxing, holds 3,940,001 shares, representing 1.24%[14] - The top ten shareholders hold a significant portion of the company's shares, with the top four shareholders collectively owning over 37%[14] Asset Management and Restructuring - The company plans to acquire 86% equity of Beijing Foreign Enterprise Human Resources Service Co., Ltd. through asset replacement and share issuance[18] - The major asset restructuring has been approved by the company's first extraordinary general meeting of 2022, pending regulatory approval[27] - The company has disclosed multiple announcements regarding the progress of the major asset restructuring from November 2021 to April 2022[24] - The company will continue to fulfill information disclosure obligations based on the progress of the major asset restructuring[27] Operational Metrics - The weighted average return on net assets was -0.89%, a decrease of 0.59 percentage points compared to the previous year[5] - The basic and diluted earnings per share were both -¥0.0617, reflecting a decline of 189.67% year-on-year[5] - Operating revenue from sales of goods and services was 178,467,865.13 CNY in Q1 2022, down from 219,818,483.96 CNY in Q1 2021, indicating a decline in sales performance[41] - The company incurred asset disposal losses of -181,696.70 CNY in Q1 2022, compared to -242,203.77 CNY in Q1 2021, reflecting a slight improvement in asset management[40] Costs and Expenses - Total operating costs for Q1 2022 were $206.72 million, an increase of 1.1% from $204.56 million in Q1 2021[37] - Research and development expenses were not explicitly detailed but are included in the total operating costs[37] - The company reported a net loss from investments of $203,790.67, indicating challenges in investment performance[37] Government Support - The company received government subsidies amounting to ¥702,539.45 during the period, which included various support measures[7] Investment and Financing - The financing activities generated a net cash flow of ¥145.54%, primarily due to financial support from the controlling shareholder[12]

Financial Performance - The company reported a net profit attributable to shareholders of -63,549,240.69 CNY for 2021, indicating a 14.58% improvement compared to -74,399,534.70 CNY in 2020[4]. - Total operating revenue for 2021 was 697,275,074.77 CNY, a decrease of 0.96% from 704,015,239.15 CNY in 2020[17]. - The net cash flow from operating activities increased by 120.17% to 95,743,470.78 CNY in 2021, compared to 43,485,517.94 CNY in 2020[17]. - The company's total assets decreased by 7.86% to 2,990,302,300.94 CNY at the end of 2021, down from 3,245,539,920.43 CNY at the end of 2020[17]. - The net assets attributable to shareholders decreased by 2.76% to 2,198,197,539.90 CNY at the end of 2021, compared to 2,260,618,704.58 CNY at the end of 2020[17]. - Basic earnings per share for 2021 were -0.2006 CNY, an improvement of 14.57% from -0.2348 CNY in 2020[18]. - The weighted average return on equity was -2.85% for 2021, an increase of 0.38 percentage points from -3.23% in 2020[18]. - The company plans not to distribute profits or increase capital reserves due to the negative net profit for 2021[4]. Revenue and Sales - The company’s revenue from core business activities, after excluding non-core income, was 619,804,931.91 CNY, down 1.39% from 628,510,698.41 CNY in 2020[17]. - In 2021, the company's total revenue for the first quarter was approximately CNY 193.92 million, while the fourth quarter revenue was CNY 170.63 million, showing a decline in revenue over the year[21]. - The retail sales of consumer goods in China reached 440,823 million yuan in 2021, growing by 12.5% year-on-year[35]. - The online retail sales of physical goods amounted to 108,042 million yuan, with a year-on-year growth of 12.0%[35]. - The retail sales of physical goods in brick-and-mortar stores grew by 12.7% year-on-year, reaching 332,781 million yuan[35]. - The community supermarket segment generated 57,992,092.12 CNY in revenue, with a gross profit margin of 14.65%, reflecting a year-on-year revenue increase of 3.36%[77]. - The shopping center segment achieved a revenue of 52,111,132.46 CNY, with a gross profit margin of 62.21%, marking a year-on-year revenue increase of 14.89%[77]. Operational Challenges - The net profit attributable to shareholders for the entire year was negative, with Q4 reporting a loss of CNY 31.44 million, compared to a loss of CNY 6.75 million in Q1[21]. - The net cash flow from operating activities was CNY 36.94 million in Q1, but dropped significantly to CNY 4.98 million in Q4, indicating cash flow challenges[21]. - The tourism service revenue dropped by 47.66% to ¥27,860,262.80, reflecting the ongoing impact of the pandemic[52]. - Management expenses rose by 18.12% to ¥228,197,500.48, attributed to increased labor costs and the implementation of new accounting standards[59]. - The company has identified potential risks in its future development, which are detailed in the management discussion and analysis section of the report[4]. Market Trends and Strategies - The company plans to enhance its market expansion strategies in line with the trends of consumption upgrading and the development of international consumption centers[31]. - The company aims to leverage the growing domestic consumption market, which is expected to continue expanding in the coming years[31]. - The company is focused on digital transformation, which may lead to new cost increases due to hardware upgrades and technology applications[105]. - The company plans to enhance its "store-network integration" strategy to improve core competitiveness and reduce competition risks[102]. - The company will explore new business models for tourism development under normalized pandemic prevention measures[102]. Governance and Management - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 5.3993 million[118]. - The company’s management team includes individuals with extensive experience in various sectors, including finance and management[122]. - The company’s board of directors has undergone changes, with the resignation of the general manager, Wu Wenxue, on March 2, 2022[125]. - The company has a diverse management team with backgrounds in both public and private sectors[122]. - The company’s board of directors has been actively involved in various strategic decisions, including financial product investments and credit applications[134]. Social Responsibility and Sustainability - The company has engaged in social responsibility initiatives, including volunteer services for the elderly and disabled, enhancing its corporate image[167]. - The company has adopted new energy-saving and environmentally friendly technologies to improve energy efficiency and promote resource conservation[167]. - The company established the "京蒙爱心扶贫馆" in November 2020 to support sales of poverty alleviation agricultural products from the Tongliao City, Inner Mongolia, enhancing market access for fresh beef and other products[168]. - The company is committed to providing ongoing support for the 京蒙爱心扶贫馆, including reduced rent and waived utility fees, to facilitate its development and contribute to poverty alleviation efforts in Inner Mongolia[168].

Financial Performance - The company's operating revenue for Q3 2021 was ¥165,525,544.91, a decrease of 9.06% compared to the same period last year[4] - The net profit attributable to shareholders was -¥12,579,372.31, an increase of 4.08% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,546,766.91, reflecting a 26.54% increase compared to the previous year[4] - The basic earnings per share for the current period was -¥0.0397, an increase of 4.11% year-on-year[4] - The net profit for the period was 74.02 million RMB, reflecting a recovery in business operations as the pandemic was effectively controlled[15] - The company reported a net loss of -¥27,326,553.38 for the total profit, an improvement from -¥112,344,217.34 in the previous year[29] - The total comprehensive income attributable to the parent company was -32,112,564.64 CNY, compared to -105,562,465.30 CNY in the same period last year, showing an improvement[35] - The net profit from continuing operations was -28,833,625.20 CNY, an improvement from -110,962,584.26 CNY year-over-year[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥90,764,163.31, an increase of 213.63% year-on-year[4] - The net cash flow from operating activities increased to 213.63 million RMB, driven by rising sales revenue due to the recovery of business operations[15] - Cash inflows from operating activities totaled 651,086,699.41 CNY, down from 1,022,214,366.46 CNY year-over-year[35] - Cash outflows from operating activities were 560,322,536.10 CNY, compared to 993,274,593.71 CNY in the same period last year[35] - The net cash flow from operating activities was 90,764,163.31 CNY, an increase from 28,939,772.75 CNY year-over-year[39] - The net cash flow from investing activities was -19,290,192.28 CNY, compared to 61,135,143.77 CNY in the previous year, indicating a significant decrease[39] - The net cash flow from financing activities was -185,056,680.29 CNY, worsening from -124,365,386.86 CNY year-over-year[39] - The ending cash and cash equivalents balance was 266,534,827.41 CNY, down from 349,858,676.92 CNY in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,044,488,774.94, a decrease of 6.19% from the end of the previous year[7] - Total current assets decreased to 834.81 million RMB from 970.29 million RMB year-over-year[21] - The company's cash and cash equivalents were reported at 267.67 million RMB, down from 381.26 million RMB at the end of the previous year[21] - Non-current assets totaled ¥2,209,680,723.23, down from ¥2,275,253,153.91, indicating a decrease of approximately 2.9%[26] - Total liabilities decreased to ¥700,318,330.21 from ¥869,450,533.32, reflecting a reduction of about 19.5%[26] - The company's total liabilities included a significant increase in lease liabilities due to the implementation of new accounting standards[15] - Total liabilities amounted to 869,450,533.32, indicating a rise in financial obligations[47] - The company reported a decrease in long-term employee compensation liabilities from ¥7,013,705.21 to ¥6,335,990.49, a decline of approximately 9.7%[26] Investments and Equity - Long-term equity investments increased by 382.86% due to changes in the equity accounting of a subsidiary[12] - The total equity attributable to shareholders decreased to ¥2,228,928,841.34 from ¥2,260,618,704.58, a decline of approximately 1.4%[26] - Shareholders' equity totaled 2,376,089,387.11, with retained earnings of 525,946,545.72[47] Operational Metrics - Total revenue for the first three quarters of 2021 reached ¥526,640,732.06, an increase from ¥506,074,615.96 in the same period of 2020, representing a growth of approximately 3.1%[26] - Total operating costs decreased to ¥558,259,140.71 from ¥624,403,751.76, showing a reduction of about 10.6%[29] - Operating profit for the period was reported at -¥29,279,525.24, an improvement compared to -¥113,329,140.87 in the previous year[29] - The company reported a significant credit impairment loss of 2,957.56 million RMB, mainly due to an increase in accounts receivable[15] - Accounts receivable increased by 96.10% primarily due to an increase in rental receivables from subsidiaries[12] Accounting Changes - The company adopted the new leasing standards effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[49] - The initial recognition of right-of-use assets was 35,582,825.85, while lease liabilities were recorded at 27,347,120.44[53] - The company expects no significant impact on its financial position or cash flows due to the accounting policy change[52]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥361,115,187.15, representing an increase of 11.43% compared to ¥324,063,217.20 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥19,533,192.33, a significant improvement of 78.87% from -¥92,447,699.38 in the previous year[18]. - The net cash flow from operating activities was ¥49,961,911.55, a remarkable increase of 215.53% compared to -¥43,246,014.36 in the same period last year[18]. - The basic earnings per share for the first half of 2021 was -¥0.0617, an improvement of 78.86% from -¥0.2918 in the same period last year[18]. - The weighted average return on net assets increased by 3.16 percentage points to -0.87% from -4.03% in the previous year[18]. - Operating profit was -1,857,000, an increase of 81.63% year-on-year[40]. - Net profit was -1,771,000, an increase of 82.07% year-on-year[40]. - The net cash flow from operating activities for the first half of 2021 was ¥25,404,052.48, compared to a negative cash flow of ¥21,887,664.53 in the same period of 2020, indicating a significant improvement[124]. - The total comprehensive income for the first half of 2021 was CNY 2,702,847.54, compared to a total comprehensive loss of CNY -43,721,345.38 in the same period of 2020[116]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,135,221,557.13, down 3.40% from ¥3,245,539,920.43 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 0.85% to ¥2,241,508,213.65 from ¥2,260,618,704.58 at the end of the previous year[18]. - The total current assets as of June 30, 2021, amounted to RMB 888,755,357.11, a decrease from RMB 970,286,766.52 at the end of 2020, reflecting a decline of approximately 8.4%[94]. - The total liabilities decreased to CNY 794,843,264.83 from CNY 895,431,875.81, representing a reduction of about 11.2%[106]. - Non-current liabilities decreased from 869,450,533.32 to 779,922,492.17, a decline of about 10.3%[99]. - Current liabilities decreased from 836,919,266.66 to 722,367,772.87, representing a decrease of approximately 13.7%[99]. - The company recognized non-current liabilities due within one year amounting to 8,439,868.81, primarily due to the implementation of Accounting Standards for Leases[50]. - The company’s total liabilities as of June 30, 2021, were not explicitly stated but are critical for assessing financial health[94]. Cash Flow - Total cash inflow from operating activities was ¥418,767,788.57, while cash outflow was ¥393,363,736.09, resulting in a net cash inflow of ¥25,404,052.48[124]. - Cash flow from investing activities showed a net inflow of ¥639,470.12, a decrease from ¥70,475,861.41 in the previous year, reflecting reduced investment activity[126]. - The company raised ¥149,100,000.00 through financing activities, down from ¥190,733,992.49 in the previous year, indicating a decline in new borrowings[126]. - Cash outflow from financing activities totaled ¥244,553,026.38, compared to ¥289,480,228.99 in the same period last year, showing a reduction in cash used for financing[126]. - The net increase in cash and cash equivalents was -¥69,409,503.78, compared to -¥50,158,039.62 in the previous year, indicating a worsening cash position[126]. - The ending balance of cash and cash equivalents was ¥157,240,612.17, down from ¥128,945,782.36 in the previous year, reflecting a decrease in liquidity[126]. Market and Operational Insights - In the first half of 2021, the total retail sales of consumer goods in China reached 2,119.04 billion yuan, a year-on-year increase of 23%[25]. - The online retail sales of physical goods amounted to 502.63 billion yuan, growing by 18.7% year-on-year, accounting for 23.7% of total retail sales[25]. - The retail sales of physical stores increased by 24.4% year-on-year, with supermarkets, convenience stores, and specialty stores showing significant growth rates of 6.2%, 17.4%, and 32.4% respectively[26]. - Domestic tourism in the first half of 2021 saw 1.871 billion trips, a 100.8% increase compared to the previous year, with total tourism revenue reaching 1.63 trillion yuan, up 157.9%[27]. - The average spending per trip for domestic tourism was 872.27 yuan, reflecting a year-on-year increase of 28.5%[27]. - The retail sales of key large retail enterprises increased by 22.5% in the first half of 2021, with jewelry and clothing categories growing by 67.0% and 33.4% respectively[26]. Risks and Challenges - The company faces macroeconomic risks due to complex international political and economic environments, affecting consumer demand recovery[58]. - Industry competition risks are heightened by the rise of e-commerce and community group buying, prompting the company to enhance its operational capabilities[58]. - The ongoing impact of the COVID-19 pandemic continues to affect the tourism sector, limiting international travel and negatively impacting the company's tourism business[59]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[5]. - The company plans to adjust its business strategies in response to macroeconomic trends and potential risks, ensuring stable development[58]. Corporate Governance and Strategy - The company has established a governance structure with 14 functional departments to enhance management efficiency and adapt to group control needs[155]. - The company emphasizes a "people-oriented" approach in talent development, contributing to its competitive strength[32]. - The company has established a strong customer base and advantageous geographical locations for its retail operations[32]. - The company is actively promoting digital transformation and exploring self-operated models for pork and vegetables, leading to growth in sales and gross profit[41]. - The company is focusing on integrating online and offline business operations to enhance operational capabilities[40]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[163]. - The company follows specific accounting policies for fixed asset depreciation and revenue recognition, which are detailed in the financial notes[162]. - The company’s financial statements are based on the going concern assumption, indicating its ability to continue operations[159]. - The company consolidates financial statements based on its own and subsidiaries' financial reports, ensuring consistency in accounting policies and periods[174].

Financial Performance - Operating revenue for the period was CNY 193,921,179.22, representing an increase of 8.82% year-on-year[11]. - Net profit attributable to shareholders was a loss of CNY 6,748,858.83, an improvement of 89.36% compared to the previous year's loss[11]. - The total profit for the period was RMB -6,961,733.91, an increase of 89.45% compared to the same period last year, attributed to the gradual recovery of business operations following the effective control of the COVID-19 pandemic[26]. - The net profit for the period was RMB -7,622,658.09, an increase of 88.53% compared to the same period last year, reflecting the recovery of business operations[29]. - Total operating revenue for Q1 2021 was ¥193,921,179.22, an increase of 8.4% compared to ¥178,210,962.27 in Q1 2020[48]. - Net profit for Q1 2021 was -¥7,622,658.09, compared to -¥66,468,185.56 in the same period last year, indicating a substantial reduction in losses[51]. - The company reported a basic and diluted earnings per share of -¥0.0213 for Q1 2021, an improvement from -¥0.2002 in Q1 2020[51]. - The total comprehensive income for Q1 2021 was approximately ¥3.44 million, compared to a total comprehensive loss of ¥27.83 million in Q1 2020[57]. Cash Flow - Net cash flow from operating activities was CNY 36,935,734.69, a significant increase of 221.82% compared to the previous year[11]. - The net cash flow from operating activities for Q1 2021 was ¥30,341,880.39, a significant improvement compared to a net outflow of ¥25,033,414.74 in Q1 2020[62]. - Cash flow from operating activities for Q1 2021 was approximately ¥36.94 million, a turnaround from a negative cash flow of ¥30.32 million in Q1 2020[60]. - Total cash inflow from operating activities was ¥202,891,393.16, down 26.4% from ¥275,629,560.18 in the same period last year[62]. - The company's cash outflow from operating activities was approximately ¥199.87 million in Q1 2021, compared to ¥401.55 million in Q1 2020, showing improved operational efficiency[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,169,975,884.89, a decrease of 2.33% compared to the end of the previous year[11]. - The accounts receivable balance at the end of the period was RMB 20,235,702.79, an increase of 87.88% compared to the end of the previous year, mainly due to increased rental income from subsidiaries[24]. - Total liabilities decreased from ¥869,450,533.32 to ¥802,013,707.82, a decline of about 7.75%[38]. - Current liabilities decreased from ¥836,919,266.66 to ¥742,198,488.35, a reduction of about 11.29%[36]. - Non-current liabilities increased from ¥32,531,266.66 to ¥59,815,219.47, an increase of approximately 83.67%[38]. - Total equity decreased from ¥2,376,089,387.11 to ¥2,367,962,177.07, a decrease of approximately 0.51%[38]. - Cash and cash equivalents decreased from ¥227,650,115.95 to ¥159,729,675.38, a decline of about 29.87%[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,785[17]. - The largest shareholder, Beijing State-owned Capital Management Center, held 34.23% of the shares[17]. Cost Management - Financial expenses for the period amounted to RMB 2,600,954.69, a decrease of 37.64% compared to the same period last year, mainly due to reduced interest expenses on loans[24]. - The company is focusing on cost control measures, as evidenced by a significant reduction in sales expenses from ¥72,780,182.90 to ¥52,013,292.98, a decrease of about 28.8%[48]. - The company experienced a significant reduction in financial expenses, with interest expenses decreasing to approximately ¥2.82 million in Q1 2021 from ¥4.86 million in Q1 2020[55]. Government Support - The company received government subsidies totaling CNY 1,114,839.48 related to specific projects[11].

Financial Performance - In 2020, the company reported a net profit attributable to shareholders of -74,399,534.70 CNY, a decrease of 852.26% compared to the previous year's profit of 9,890,111.67 CNY[5]. - The company's operating revenue for 2020 was 704,015,239.15 CNY, representing a decline of 67.35% from 2,156,216,692.83 CNY in 2019[20]. - The basic earnings per share for 2020 was -0.2348 CNY, a decline of 852.56% from 0.0312 CNY in 2019[21]. - The company reported a significant decrease in advertising expenses, down by 148.46 thousand yuan, resulting in a decrease in the advertising expense ratio from 0.62% to 0.32%[75]. - The company reported a net loss for 2020, with total operating costs exceeding total operating revenue, leading to a negative operating margin[184]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to 43,485,517.94 CNY, a turnaround of 164.05% from -67,891,642.11 CNY in 2019[20]. - The company's cash flow from operating activities was ¥889,776,049.41 in 2020, down from ¥1,962,969,791.14 in 2019, reflecting a decline of approximately 54.7%[190]. - The net cash flow from operating activities increased by 164.05% to CNY 43,485,517.94, mainly due to tax payments from the previous year[59]. - The ending balance of cash and cash equivalents was ¥380,117,536.67, slightly down from ¥384,149,147.26[192]. Assets and Liabilities - The company's total assets decreased by 7.30% to 3,245,539,920.43 CNY at the end of 2020, down from 3,501,003,109.08 CNY in 2019[20]. - The company's total liabilities decreased from CNY 1,039,369,186.72 in 2019 to CNY 869,450,533.32 in 2020, a decline of approximately 16.3%[179]. - The company's asset-liability ratio improved to 26.79% in 2020 from 29.69% in 2019, a decrease of 9.77%[157]. - Total equity decreased from CNY 2,461,633,922.36 in 2019 to CNY 2,376,089,387.11 in 2020, a decline of about 3.5%[180]. Revenue and Sales Trends - The company’s revenue was affected by a significant drop in customer traffic due to the pandemic, particularly impacting tourism and hotel operations[22]. - The company’s retail sales in supermarkets increased by 3.1% year-on-year, with department stores and specialty stores showing a narrowing decline compared to previous quarters[37]. - The total retail sales of consumer goods reached CNY 39,198.1 billion, a decline of 3.9% year-on-year, with the decline narrowing by 3.3 percentage points compared to the first three quarters[35]. - The online retail sales in 2020 grew by 10.9% year-on-year, with physical goods online retail sales increasing by 14.8%, accounting for 24.9% of total retail sales[36]. Operational Adjustments and Strategies - The company implemented rent reductions for tenants during the pandemic, which negatively impacted net profit levels[22]. - The company plans not to distribute profits or increase capital reserves for the year 2020 due to the negative net profit[5]. - The company is focusing on digital transformation and enhancing online channels to adapt to changing consumer behaviors[47]. - The company plans to enhance the integration of online and offline channels, focusing on member consumption needs through big data analysis[85]. Market and Economic Context - In 2020, the GDP growth rate was 2.3%, making China the only major economy to achieve positive growth amid the pandemic[43]. - Domestic tourism in 2020 saw a total of 2.879 billion trips, a decrease of 52.1% year-on-year, with tourism revenue dropping to CNY 2.23 trillion, down 61.1%[45]. - The ongoing COVID-19 pandemic has led to significant volatility in business performance, particularly affecting the tourism sector due to restrictions on international travel[89]. Future Outlook - The company aims to achieve a revenue of 847 million yuan and a total profit of 19 million yuan in 2021[85]. - The company anticipates continued growth in online retail and a shift towards online consumption habits post-COVID-19, with a focus on live-streaming sales[64]. - Future outlook includes potential market expansion and investment in new technologies to enhance competitive advantage[184].

Financial Performance - Net profit attributable to shareholders was CNY -105,562,465.30, representing a decline of 1,107.62% year-on-year[17] - Operating revenue for the first nine months was CNY 506,074,615.96, down 66.29% from CNY 1,501,228,387.22 in the same period last year[17] - Basic earnings per share were CNY -0.3332, a decrease of 1,106.65% from CNY 0.0331 in the same period last year[17] - Total profit for the period was RMB -112,344,217.34, a decrease of 518.28% compared to the same period last year, primarily due to the impact of COVID-19 on business operations[19] - The company reported a significant decline in prepayments, with a balance of RMB 14,862,224.83, down 40.64% from the previous year, primarily due to reduced prepayments by subsidiaries[37] - The company anticipates a cumulative net profit loss for the year, significantly impacted by the decline in sales and customer traffic due to COVID-19[48] Revenue and Costs - The company's operating revenue for the current period is RMB 506,074,615.96, a decrease of 66.29% compared to the same period last year, primarily due to the implementation of the new revenue standard and the impact of the COVID-19 pandemic on customer traffic and sales[40] - The operating cost for the current period is RMB 248,354,344.09, a decrease of 76.28% compared to the same period last year, influenced by the new revenue standard and the decline in revenue due to the pandemic[40] - Total operating costs amounted to approximately 1.48 billion, with operating costs at around 1.05 billion[71] Cash Flow - The net cash flow from operating activities increased significantly to CNY 28,939,772.75, a rise of 773.30% compared to CNY 3,313,844.68 in the previous year[17] - Operating cash flow for the period was RMB 28,939,772.75, an increase of 773.30% compared to the same period last year, mainly due to tax payments from the previous period[24] - Cash inflow from operating activities for the first three quarters of 2020 was ¥1,022,214,366.46, down from ¥1,645,721,371.32 in the same period of 2019[84] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,254,563,098.57, a decrease of 7.04% compared to the end of the previous year[17] - The total liabilities as of September 30, 2020, were RMB 878,661,605.64, a slight decrease from RMB 906,558,924.21 at the end of the previous year[56] - The total assets as of September 30, 2020, were RMB 3,254,563,098.57, a decrease from RMB 3,501,003,109.08 at the end of the previous year[56] - Shareholders' equity decreased from CNY 2,230,415,185.81 at the end of 2019 to CNY 2,176,343,581.43 by September 30, 2020, representing a decline of approximately 2.4%[65] Government Support - The company received government subsidies totaling CNY 6,257,317.72 for the year-to-date, including various support measures related to the pandemic[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,970, with the largest shareholder holding 34.23% of the shares[24] Other Income and Expenses - Other income for the current period is RMB 6,278,404.03, an increase of 85.32% compared to the same period last year, mainly due to rental subsidies received during the pandemic[41] - The company reported a loss from non-operating income of CNY 3,964,331.89 for the first nine months[21] - Other expenses for the period were RMB 313,174.15, a decrease of 71.97% compared to the same period last year, due to fines and penalties paid by a subsidiary in the previous year[18]

Financial Performance - Net profit attributable to shareholders was CNY -105,562,465.30, representing a decline of 1,107.62% year-on-year[8]. - Operating revenue for the period was CNY 506,074,615.96, down 66.29% from CNY 1,501,228,387.22 in the same period last year[8]. - The company's net profit for the current period is RMB -110,962,584.26, a decrease of 885.66% compared to the same period last year, significantly affected by the COVID-19 pandemic[35]. - The total profit for the current period is RMB -112,344,217.34, a decrease of 518.28% compared to the same period last year, reflecting the adverse effects of the pandemic on the company's operations[35]. - The net profit attributable to minority shareholders for the current period is RMB -5,400,118.96, a decrease of 248.07% compared to the same period last year, also affected by the COVID-19 pandemic[36]. Revenue and Costs - The company's operating revenue for the current period is RMB 506,074,615.96, a decrease of 66.29% compared to the same period last year, primarily due to the implementation of the new revenue standard and the impact of COVID-19 on business operations[30]. - The operating cost for the current period is RMB 248,354,344.09, a decrease of 76.28% compared to the same period last year, influenced by the new revenue standard and reduced revenue due to the pandemic[31]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 28,939,772.75, a rise of 773.30% compared to CNY 3,313,844.68 in the previous year[8]. - The net cash flow from investing activities for the current period is RMB 61,135,143.77, an increase of 219.82% compared to the same period last year, primarily due to the recovery of housing deposit payments and reduced payments for completed projects[36]. - The net cash flow from financing activities for the current period is RMB -124,365,386.86, a decrease of 89.61% compared to the same period last year, mainly due to reduced borrowings and previous investments from minority shareholders[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,970[13]. - The largest shareholder, Beijing State-owned Capital Management Center, held 34.23% of the shares[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,254,563,098.57, a decrease of 7.04% compared to the end of the previous year[8]. - Accounts receivable at the end of the period is RMB 16,996,935.51, a decrease of 30.33% compared to the end of last year, mainly due to the recovery of property fees and rents[26]. - Contract liabilities at the end of the period amount to RMB 140,726,054.72, a new item resulting from the implementation of the new revenue standard[30]. - The company has reclassified prepayments to contract liabilities amounting to RMB 145,980,596.69 due to the new revenue standard[26]. - Other receivables at the end of the period are RMB 9,160,284.99, a decrease of 89.96% compared to the end of last year, primarily due to the recovery of housing deposit payments[27]. - Deferred income at the end of the period is RMB 12,023,489.73, a decrease of 69.94% compared to the end of last year, influenced by changes in the recognition of customer reward points[30]. Earnings Per Share - Basic earnings per share were CNY -0.3332, a decrease of 1,106.65% compared to CNY 0.0331 in the same period last year[8]. - The weighted average return on equity was -4.61%, a decrease of 5.06 percentage points from 0.45% in the previous year[8]. Non-Operating Income - Non-operating income for the period amounted to CNY 3,964,331.89, compared to CNY 4,988,884.75 in the previous year[12]. - The company has seen a significant increase in other income, which is RMB 6,278,404.03, an increase of 85.32% compared to the same period last year, due to various subsidies received during the pandemic[31]. Future Outlook - The company warns that the cumulative net profit from the beginning of the year to the next reporting period may be a loss or show significant changes compared to the same period last year, primarily due to a sharp decline in customer traffic and sales in the trade industry caused by the COVID-19 pandemic[40].