证券代码：601086 证券简称：国芳集团 公告编号：2023-031 甘肃国芳工贸（集团）股份有限公司 2023 年上半年度主要经营数据的公告 1 二、报告期内主要经营数据 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 甘肃国芳工贸（集团）股份有限公司（以下简称"公司"）根据上海证券交 易所《上市公司自律监管指引第 3 号——行业信息披露 第四号 零售》、《关于 做好主板上市公司 2023 年半年度报告披露工作的通知》的相关要求，现将 2023 年上半年度末门店变动情况及主要经营数据公告如下： 一、已开业门店分布及变动情况 （一）控股公司开设的门店分布及变动情况 截至 2023 年 6 月 30 日，公司在甘肃地区、宁夏地区、青海地区共拥有已运 营门店 11 家，其中：百货业态为主的门店 6 家，分别为东方红广场店、白银世 贸中心店、宁夏购物广场店、张掖购物广场店、西宁国芳百货店、国芳 G99 购物 中心；超市 5 家，分别为综超广场店、综超曦华源店、综超长虹店、综超七里河 店、综超皋兰店。公司经营面积共 33.40 ...

证券代码：601086 证券简称：国芳集团 公告编号：2023-020 甘肃国芳工贸（集团）股份有限公司 关于召开 2022 年度业绩说明会的公告 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个别及连带责任。 重要内容提示： ● 会议召开时间：2023 年 5 月 26 日（星期五）15:00-16:00 （二）会议召开形式：网络文字互动形式 （三）网络 平 台 地 址 ： 上 海 证 券 报 · 中 国 证 券 网 路 演 中 心 （http://roadshow.cnstock.com/） ● 投资者可在 2023 年 5 月 25 日（星期四）18:00 前通过电子邮件方式将所 关注的问题发送至公司投资者关系邮箱（IR@guofanggroup.com），公司将于业 绩说明会上就投资者普遍关注的问题进行回答。 甘肃国芳工贸（集团）股份有限公司（以下简称"公司"）于 2023 年 4 月 15 日在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体披露了公司 《2022 年年度报告》。为了便于广大投资者更加全面深 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 288,282,997.42, representing an increase of 11.23% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 73,218,627.21, a significant increase of 105.37% year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.11, reflecting a growth of 120.00% year-on-year[3]. - The total operating revenue for Q1 2023 was CNY 288,282,997.42, an increase of 11.2% compared to CNY 259,186,576.24 in Q1 2022[13]. - In Q1 2023, the company reported a net profit of ¥73,218,627.21, a significant increase of 105.5% compared to ¥35,652,548.02 in Q1 2022[14]. - Total revenue from operating activities reached ¥885,317,292.29, up 51.7% from ¥583,538,846.09 in the same period last year[17]. Cash Flow - The net cash flow from operating activities reached CNY 257,407,922.74, showing a remarkable increase of 445.93% compared to the previous year[3]. - The net cash flow from operating activities was CNY 315,946,857.58, a significant increase from CNY 92,020,013.84 in Q1 2022, representing a growth of approximately 243%[24]. - Total cash inflow from operating activities reached CNY 597,364,759.60, compared to CNY 453,422,044.13 in the same period last year, indicating a year-over-year increase of about 32%[24]. - The net cash flow from investing activities was CNY 10,720,054.34, a turnaround from a negative cash flow of CNY 1,207,731.64 in Q1 2022[25]. - The net cash flow from financing activities was CNY 99,024,912.09, compared to CNY 88,087,332.36 in the previous year, showing an increase of about 12%[25]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,785,122,516.23, up 13.41% from the end of the previous year[3]. - The company's total liabilities reached CNY 1,164,279,543.59, up from CNY 912,098,607.36, indicating a rise of 27.7%[12]. - The total assets increased to CNY 2,785,122,516.23 as of March 31, 2023, compared to CNY 2,455,888,474.64 at the end of 2022, marking a growth of 13.4%[11]. - As of March 31, 2023, total assets reached CNY 2,397,149,775.95, an increase from CNY 1,979,763,466.12 at the end of 2022, representing a growth of approximately 21.0%[20]. - Total liabilities increased to CNY 964,254,830.35 from CNY 564,333,827.36, representing a rise of about 70.7%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,017[6]. - The top shareholder, Zhang Guofang, holds 280,500,000 shares, accounting for 42.12% of the total shares[7]. - The company's major shareholders include Zhang Guofang, holding 280,500,000 shares, representing 42.12% of the total share capital[8]. Profitability Metrics - The weighted average return on equity increased by 2.34 percentage points to 4.63%[3]. - The company reported a net profit margin improvement, with net profit figures not explicitly stated but implied through revenue growth and cost management[13]. - The gross profit margin for Q1 2023 was approximately 22.8%, down from 22.6% in Q1 2022, indicating a slight decline in profitability[22]. Cost Management - The total operating costs for Q1 2023 were CNY 217,164,082.72, up from CNY 213,777,433.99 in Q1 2022, reflecting a slight increase of 1.8%[13]. - Sales expenses decreased to ¥40,796,289.86 from ¥43,487,553.61, showing a reduction of approximately 6.2%[14]. - The company recorded investment income of ¥1,346,628.79, down from ¥1,647,669.58, indicating a decline of about 18.3%[14]. - The financial expenses decreased significantly to ¥1,183,120.06 from ¥2,136,716.69, a reduction of approximately 44.5%[14]. - The company's tax expenses increased to ¥23,166,742.71 from ¥12,252,288.11, reflecting a rise of about 89.1%[14]. Inventory and Capital Management - The company’s inventory decreased to CNY 117,402,287.52 from CNY 130,267,234.85, a reduction of 9.9%[10]. - The company has maintained its capital reserve at CNY 312,938,285.63, indicating stability in its financial structure[20].

Financial Performance - The company's operating revenue for 2022 was CNY 754.12 million, a decrease of 22.10% compared to CNY 968.04 million in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 118.09 million, an increase of 36.51% from CNY 86.51 million in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 35.98 million, a decrease of 54.29% compared to CNY 78.71 million in 2021[22]. - The net cash flow from operating activities was CNY 131.55 million, down 32.34% from CNY 194.42 million in 2021[22]. - The total assets at the end of 2022 were CNY 2.46 billion, a decrease of 1.14% from CNY 2.48 billion at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were CNY 1.54 billion, a slight increase of 0.09% from CNY 1.54 billion at the end of 2021[22]. - The basic earnings per share for 2022 was 0.18 yuan, up 38.46% from 0.13 yuan in 2021[23]. - The diluted earnings per share also stood at 0.18 yuan, reflecting the same percentage increase[23]. - The weighted average return on equity rose to 7.42%, an increase of 2.89 percentage points from 4.53% in 2021[23]. - The gross profit margin for the main business was 37.32%, a decrease of 1.51 percentage points year-on-year[32]. - The company reported a decrease in the net profit after deducting non-recurring gains and losses, which was 0.05 yuan per share, down 58.33% from 0.12 yuan in 2021[23]. Operational Insights - The company operates 11 stores with a total area of 330,400 square meters, including 6 department stores and 5 supermarkets[42]. - The main business revenue comes from merchandise sales and rental income, with the main business income accounting for 90.58% of total revenue[43]. - The department store segment contributes 78.41% to the main business revenue, while supermarkets account for 20.79%[43]. - The company introduced 104 new retail brands in its department stores, including 31 exclusive brands and 5 international first-line brands[49]. - The company launched 75 new dining and experiential brands to meet high-end consumer demands and improve shopping center offerings[50]. - The company achieved a 40.49% gross profit margin in its leasing segment, up from 42.21% in the previous year[44]. Market Trends - The retail industry is experiencing a shift towards digitalization, with significant acceleration in online consumption habits due to pandemic control measures[36]. - The retail market is seeing a trend of brand downscaling and a return to offline consumption, with personalized services becoming dominant in consumer behavior[39]. - The company is adapting to new retail trends by exploring multi-format operations, including community convenience stores and smart retail formats[40]. - The retail industry is expected to recover in 2023, driven by policies aimed at expanding domestic demand[90]. - The demand for high-end brands and imported cosmetics is expected to increase, benefiting high-end department stores[91]. Strategic Initiatives - The company has established a new retail department to enhance digital operations and improve organizational management capabilities[53]. - The company plans to upgrade its brand and enhance customer experience by adjusting store formats and increasing the proportion of dining and leisure functions[107]. - The company aims to implement a development strategy focused on steady progress and change, enhancing its digital transformation and asset structure[98]. - The company will adopt a "offline as the main + online as the wing" business model to capitalize on the recovery of consumer demand in 2023[99]. - The company will enhance digital management and data integration to improve operational efficiency and consumer insights over the next two years[104]. Governance and Compliance - The company has successfully completed the election of its sixth board of directors and supervisory board, ensuring compliance with governance standards[120]. - The board consists of 9 members, including 3 independent directors, and has established specialized committees to enhance corporate governance[119]. - The company maintains independence from its controlling shareholder in terms of operations, personnel, and finances, ensuring no misuse of company resources[122]. - The company has established an "Associated Transaction Management System" to ensure independence from related parties[127]. - The company has implemented necessary decision-making procedures and training for internal control evaluation, ensuring no significant internal control deficiencies were reported during the period[166]. Social Responsibility - The company has actively participated in social responsibility initiatives, donating materials and supporting local communities during the pandemic[56]. - The company has not disclosed any social responsibility or sustainability reports during the reporting period[170]. - The company does not belong to industries with significant environmental pollution impact and has not faced any administrative penalties related to environmental issues[169]. Future Outlook - The company expects revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[177]. - A strategic acquisition of a competitor is anticipated to enhance market share by 5%[177]. - The company plans to conduct at least one profit distribution annually if it has positive distributable profits and unallocated profits[158]. - The company aims to launch three new products in the next quarter, targeting a 15% increase in market penetration[177].

Financial Performance - The company's operating revenue for Q3 2022 was ¥176,517,552.40, a decrease of 23.85% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥7,037,267.07, down 79.99% year-on-year[3]. - The basic earnings per share were ¥0.01, reflecting an 80.00% decline compared to the previous year[4]. - Total operating revenue for the first three quarters of 2022 was CNY 632,280,952.64, a decrease of 16.05% compared to CNY 752,993,862.09 in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was CNY 48,916,808.73, representing a decline of 42.94% from CNY 85,852,227.05 in the previous year[18]. - The net profit for the first three quarters of 2022 was a loss of CNY 5,199,954.31, contrasting sharply with a profit of CNY 147,296,529.93 in the same period of 2021[25]. Assets and Liabilities - Total assets increased by 2.54% to ¥2,547,536,515.07 compared to the end of the previous year[4]. - As of September 30, 2022, the total assets of the company amounted to ¥2,547,536,515.07, an increase from ¥2,484,333,621.82 at the end of 2021[15]. - The company's total liabilities reached ¥1,043,318,687.43, up from ¥941,900,520.45 in the previous year[15]. - The company's total current assets reached CNY 662,928,398.55, up from CNY 530,427,669.46, indicating a significant increase of about 25%[24]. - The company's total liabilities increased to CNY 735,465,839.79 from CNY 578,621,694.53, reflecting a rise of about 27%[24]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥168,715,977.63, showing a slight increase of 2.77%[4]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥117,731,931.28, a decrease of 62.7% compared to ¥315,369,314.51 in the same period of 2021[27]. - Total cash inflow from operating activities was ¥901,843,009.63, down 19.9% from ¥1,124,707,536.03 year-on-year[27]. - The net cash flow from investing activities was ¥4,328,135.75, a significant decrease of 96.7% from ¥131,507,879.20 in the same period last year[29]. - The ending balance of cash and cash equivalents was ¥393,968,990.20, down 49.7% from ¥782,767,369.67 at the end of the same period last year[29]. Inventory and Receivables - Accounts receivable increased by 131.31% due to an increase in rental income[8]. - Inventory rose by 33.56% as a result of increased stock of Moutai liquor[8]. - Accounts receivable increased to ¥11,150,691.51 from ¥4,820,747.41, indicating improved collection efforts[13]. - Inventory levels rose to ¥138,830,196.22, up from ¥103,949,288.86, suggesting potential growth in sales or production[13]. - The company's inventory increased to CNY 3,484,763.02 from CNY 1,693,351.51, representing a growth of about 105%[24]. Other Income and Expenses - Government subsidies recognized increased by 212.01%, contributing positively to other income[8]. - The company reported a decrease in other comprehensive income to ¥62,357,453.63 from ¥83,378,646.21, indicating potential challenges in investment performance[15]. - The company incurred income tax expenses of CNY 18,211,322.65, a decrease of 44.55% from CNY 32,749,330.96 in the previous year[18]. - The company reported a significant reduction in management expenses, which fell to CNY 12,164,432.84 from CNY 24,855,044.13, a decrease of about 51%[25]. - The company received ¥2,992,120.00 in investment income, a decrease of 98.0% from ¥152,000,000.00 in the previous year[27].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥455,763,400.24, a decrease of 12.55% compared to ¥521,181,689.68 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥41,879,541.66, down 17.37% from ¥50,681,322.04 in the previous year[18]. - Basic earnings per share for the first half of 2022 were ¥0.06, a decline of 25% compared to ¥0.08 in the same period last year[19]. - The diluted earnings per share also stood at ¥0.06, down 25% from the previous year[19]. - The total operating revenue for the first half of 2022 was approximately 418.06 million RMB, with a gross profit margin of 40.30%[26]. - The company reported a non-recurring profit of approximately 2.66 million RMB, primarily from government subsidies and other non-operating income[20]. - The company reported a total comprehensive income of RMB 28,492,949.67, down from RMB 45,034,027.76 in the first half of 2021[111]. - The company experienced a total comprehensive income of RMB 28,492,949.67, down from RMB 45,034,027.76 in the first half of 2021[111]. - The company reported a decrease in retained earnings of 66,600,000.00 due to profit distribution[124]. Cash Flow and Assets - The net cash flow from operating activities increased by 43.27% to ¥156,680,784.33, compared to ¥109,357,593.24 in the same period last year[18]. - The total assets at the end of the reporting period were ¥2,571,458,146.91, reflecting a 3.51% increase from ¥2,484,333,621.82 at the end of the previous year[18]. - The company's cash and cash equivalents increased to ¥502,936,229.36 from ¥387,698,368.45, reflecting a growth of approximately 29.8%[102]. - The total current assets amounted to ¥815,588,234.03, up from ¥639,085,230.61, representing an increase of about 27.6%[102]. - The total number of shares and the capital structure of the company remained unchanged during the reporting period[92]. - The total liabilities increased to CNY 1,066,809,488.12 from CNY 941,900,520.45, reflecting a rise of about 13.3%[104]. Operational Performance - The company's main business revenue comes from retail sales and rental income, with a total of 12 operational stores covering an area of 339,600 square meters[22]. - The main business revenue accounted for 91.53% of total revenue, with department stores contributing 79.81% and supermarkets 19.28%[23]. - The gross profit margin for the department store segment was 43.95%, while the supermarket segment had a gross profit margin of 24.53%[24]. - The company has maintained its operational model without significant changes, focusing on joint ventures, distribution, consignment, and leasing[23]. - The company has expanded its operational footprint in Gansu Province, becoming the largest retail chain in the region[22]. Strategic Initiatives - The company implemented strategic adjustments in store positioning and resource allocation to enhance profitability, focusing on core retail business and optimizing supply chain management[39]. - The company is focusing on digital transformation and has integrated new information technologies to improve operational efficiency and customer experience[38]. - The company has initiated a digital transformation and online mall operation upgrade, aiming to build a professional digital operation team within two years[42]. - The company has cultivated 223 unique brands and initiated 177 "million-store" plans, enhancing its competitive advantage in the region[40]. Risk Management - The company has outlined potential risks in its future development and operational plans, urging investors to be cautious[5]. - The company faces macroeconomic risks due to a shift from high-speed to medium-speed economic growth, impacting consumer spending and company performance[62]. - Increased competition from both local and external retail enterprises poses a significant market risk, necessitating differentiated management strategies[62]. - The company has a concentrated operational risk due to its primary business in the Gansu, Qinghai, and Ningxia regions, which may affect overall performance[63]. Governance and Compliance - The company has restructured its governance and internal control systems to enhance risk management and compliance capabilities[43]. - The company has not reported any significant litigation or arbitration matters during the reporting period[84]. - The company has not experienced any non-compliance issues or penalties involving its directors, supervisors, or senior management[84]. - The company has committed to fully bear any penalties or losses incurred due to insufficient payment of employee social insurance and housing provident fund, ensuring shareholder interests are protected[81]. Shareholder Relations - The company did not distribute profits or increase capital reserves during this reporting period[4]. - No profit distribution or capital reserve transfer plan was proposed for the half-year report, with no dividends or stock bonuses declared[68]. - Major shareholders are restricted from reducing their holdings for two years after the lock-up period, with annual transfers limited to 25% of their total shares held[79]. - The company has established a plan for share repurchase, with a budget not exceeding 20% of the previous year's audited net profit attributable to shareholders[76]. Environmental and Social Responsibility - The company has implemented energy-saving measures, including the replacement of 36 variable frequency elevators, which significantly reduced power consumption by half[72]. - The company is committed to low-carbon production and has been tracking water and electricity usage monthly to improve resource efficiency[73]. - The company has not disclosed any environmental penalties or issues during the reporting period, indicating compliance with environmental regulations[70]. - The company has focused on promoting energy-saving awareness among employees and customers through various initiatives[72].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 259,186,576.24, representing a decrease of 16.80% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 35,652,548.02, down by 15.96% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33,858,488.31, a decline of 20.42% compared to the previous year[5]. - The company experienced operational losses due to COVID-19, with store closures in Lanzhou, Baiyin, and Xining affecting Q1 performance[13]. - Total operating revenue for Q1 2022 was 583,538,846.09 RMB, a decrease of 36.7% compared to 919,199,159.75 RMB in Q1 2021[23]. - Net profit for Q1 2022 was 35,652,548.02 RMB, down 16.5% from 42,423,480.23 RMB in Q1 2021[21]. - Operating profit for Q1 2022 was 47,809,117.98 RMB, a decline of 14.1% from 55,655,463.53 RMB in Q1 2021[20]. - Total operating costs for Q1 2022 were 213,777,433.98 RMB, a decrease of 16.6% from 256,485,936.11 RMB in Q1 2021[20]. - Financial expenses for Q1 2022 were 2,136,716.69 RMB, an increase of 52.5% from 1,402,199.64 RMB in Q1 2021[20]. - Basic and diluted earnings per share for Q1 2022 were both 0.05 RMB, compared to 0.06 RMB in Q1 2021[21]. Cash Flow - The net cash flow from operating activities decreased significantly by 50.08%, amounting to CNY 47,150,343.39[5]. - Cash flow from operating activities for Q1 2022 was 47,150,343.39 RMB, a decrease of 50.1% compared to 94,453,728.37 RMB in Q1 2021[24]. - The net cash flow from operating activities decreased to CNY 92,020,013.84, down 39.3% from CNY 151,580,929.43 in the same period last year[30]. - Cash inflow from other operating activities of CNY 226,125,099.61, down 18.9% from CNY 279,030,664.33 in Q1 2021[30]. - The cash outflow for purchasing goods and services was CNY 72,978,798.10, a decrease of 24.0% from CNY 96,149,328.38 in Q1 2021[30]. - The cash outflow for other operating activities increased to CNY 278,737,072.41, up 23.3% from CNY 225,973,212.49 in the same period last year[30]. - The net cash flow from investing activities was -CNY 1,207,731.64, an improvement from -CNY 21,504,719.19 in Q1 2021[31]. - Cash inflow from financing activities remained stable at CNY 100,000,000.00, unchanged from Q1 2021[31]. - The net cash flow from financing activities decreased to CNY 88,087,332.36, down 10.6% from CNY 98,699,807.22 in the previous year[31]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 430,303,103.64, a decrease of 27.8% from CNY 595,796,338.89 at the end of Q1 2021[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,571,481,838.11, an increase of 3.51% from the end of the previous year[6]. - Total assets amounted to CNY 2,571,481,838.11, up from CNY 2,484,333,621.82, representing a growth of 3.5%[17]. - Total liabilities increased to CNY 1,004,174,486.88 from CNY 941,900,520.45, reflecting a rise of 6.6%[17]. - The total current assets reached CNY 694,699,481.21, up from CNY 530,427,669.46, indicating a growth of approximately 31%[26]. - The total liabilities increased to CNY 726,454,365.05, compared to CNY 578,621,694.53, marking a rise of about 25.6%[27]. - Cash and cash equivalents increased to CNY 518,790,012.10 as of March 31, 2022, up from CNY 387,698,368.45 at the end of 2021, reflecting a growth of 33.8%[15]. - Accounts receivable rose to CNY 7,465,848.39 from CNY 4,820,747.41, indicating a 55.4% increase year-over-year[15]. - Inventory increased to CNY 126,466,821.53, compared to CNY 103,949,288.86 at the end of 2021, marking a growth of 21.6%[16]. - The company's long-term equity investments were CNY 815,803,195.11, slightly up from CNY 814,148,172.42, indicating a marginal increase of 0.2%[26]. - The total owner's equity reached CNY 1,446,632,872.21, a slight increase from CNY 1,444,556,360.85, reflecting a growth of about 0.1%[28]. Other Income and Expenses - The company reported a significant increase in investment income by 258.63%, attributed to higher earnings from joint ventures[9]. - Other income increased by 350.16% due to an increase in government subsidies[9]. - The company reported a decrease in management expenses from CNY 7,872,877.72 in Q1 2021 to CNY 4,090,962.08 in Q1 2022, a reduction of approximately 48%[28]. - The company's research and development expenses were not explicitly stated, but management indicated a focus on innovation and new product development[29]. - The company's equity attributable to shareholders increased by 1.61% to CNY 1,567,307,351.24 compared to the end of the previous year[6]. - The company's equity attributable to shareholders rose to CNY 1,567,307,351.24, compared to CNY 1,542,433,101.37, an increase of 1.6%[17]. - The weighted average return on equity was 2.29%, an increase of 0.03 percentage points[5].

Financial Performance - The company's operating revenue for 2021 was CNY 968,036,391.36, a decrease of 5.23% compared to CNY 1,021,450,203.74 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 86,505,955.24, down 14.21% from CNY 100,833,560.91 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 78,714,085.86, a decline of 15.98% from CNY 93,684,189.90 in 2020[20] - The cash flow from operating activities for 2021 was CNY 194,424,804.01, an increase of 9.31% compared to CNY 177,866,086.73 in 2020[20] - The total assets at the end of 2021 were CNY 2,484,333,621.82, a decrease of 5.02% from CNY 2,615,669,869.89 at the end of 2020[20] - The net assets attributable to shareholders decreased by 17.35% to CNY 1,542,433,101.37 at the end of 2021 from CNY 1,866,170,703.68 at the end of 2020[20] - The company reported a diluted earnings per share of 0.13 RMB, a decrease of 13.33% from 0.15 RMB in 2020[21] - The weighted average return on equity was 4.53%, down 1.02 percentage points from 5.55% in 2020[21] - The overall gross profit margin for the company decreased from 41.15% in 2020 to 39.08% in 2021, reflecting increased operational costs[40] Revenue Breakdown - In 2021, the company's main business revenue accounted for 91.86% of total revenue, with department stores contributing 82.16% and supermarkets 16.78%[37] - The company achieved operating revenue of 968 million RMB in 2021, a slight decrease of 5.23% compared to the previous year[30] - The retail revenue from department stores and supermarkets reached RMB 879 million, accounting for 90.88% of the total operating revenue of the company[199] - The company operated 12 stores with a total area of 339,600 square meters, enhancing the synergy between different retail formats[37] - The company’s operating income from department stores was approximately 420.57 million yuan in 2021, with a gross profit margin of 9.47%[39] - The supermarket segment experienced a 40.16% decline in revenue, with a gross profit margin of 22.68%, down by 0.28 percentage points[54] Market and Economic Conditions - The total retail sales of consumer goods in 2021 reached 44.08 trillion RMB, growing by 12.5% year-on-year[31] - The retail market is impacted by repeated pandemic outbreaks and inflation, but the overall economic resilience remains strong, supported by government policies[86] - The company faced challenges in Q4 due to pandemic-related store closures, impacting overall performance[30] Strategic Initiatives - The company plans to continue expanding its retail presence and enhancing its digital capabilities to adapt to changing consumer behaviors[36] - The company aims to adapt to new consumer demands by adjusting store formats and enhancing customer experience through digital tools[86] - The company plans to implement a "line management and differentiated operation" strategy to improve management efficiency and professional capabilities[89] - The company will focus on digital management innovations, including the implementation of new ERP systems and data-driven decision-making processes[98] Risk Management - The company has detailed the major risks associated with its operations in the management discussion and analysis section of the report[8] - The company’s future development outlook and operational plans are subject to risks and do not constitute a commitment to investors[7] - The company is facing macroeconomic risks due to a shift from high-speed to medium-speed growth, which may negatively impact consumer spending and company performance[103] Corporate Governance - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring compliance with governance regulations[107] - The company adheres to strict information disclosure practices, ensuring transparency and protecting the rights of all shareholders, particularly minority shareholders[108] - The company’s board of directors includes experienced professionals with diverse backgrounds in management and finance[113] Human Resources and Talent Management - The company conducted over 30 recruitment events, attracting 1,976 applicants and collecting nearly 1,600 resumes to enhance its talent pool[46] - The company emphasizes the training and development of strategic talents and core teams, implementing a dual management approach for talent cultivation and recruitment[132] - The total number of employees in the parent company is 32, while the main subsidiaries employ 1,016, resulting in a total of 1,048 employees[129] Environmental and Social Responsibility - The company has committed to low-carbon production, regularly monitoring water, electricity, and paper usage to improve resource efficiency[150] - The company donated a total of 1 million RMB for COVID-19 prevention efforts in Gansu province and organized over 60 employees as volunteers for frontline support[153] - The company has been recognized with multiple awards, including the "Green Mall" title from the Ningxia Commerce Department[155] Financial Assistance and Related Party Transactions - The company plans to engage in related party transactions totaling approximately RMB 16.1 million for 2021, including RMB 3 million for leasing properties and RMB 10 million for purchasing goods[170] - The company agreed to extend the financial assistance of RMB 87.45 million to Gansu Shanshan until December 31, 2022[173] - The company approved an additional financial assistance of up to RMB 50 million to Gansu Shanshan, with a fixed annual interest rate of 4.35%[174] Audit and Compliance - The company conducted an audit of its financial statements, confirming that they fairly reflect the financial position and operating results for the year ended December 31, 2021[196] - The internal control audit for 2021 was conducted by Zhongxi Accounting Firm, resulting in a standard unqualified opinion[144] - The company has not reported any non-compliance issues or penalties during the reporting period[170]

Financial Performance - The company's operating revenue for Q3 2021 was ¥231,812,172.41, a decrease of 9.08% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥35,170,905.01, down 0.77% year-on-year, while the net profit excluding non-recurring gains and losses increased by 17.26% to ¥31,218,950.42[3]. - Total operating revenue for the first three quarters of 2021 reached ¥752,993,862.09, an increase of 14.66% compared to ¥656,494,297.15 in the same period of 2020[15]. - Net profit for the first three quarters of 2021 was ¥85,852,227.05, representing a 54.73% increase from ¥55,446,708.42 in the previous year[17]. - The company reported a total profit of ¥118,601,558.01 for the first three quarters, up from ¥78,216,570.48 in the previous year[17]. - Earnings per share for the current period were ¥0.13, compared to ¥0.08 in the same period last year, reflecting a 62.5% increase[17]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥3,034,461,674.03, reflecting a year-on-year increase of 16.01%[4]. - Total assets as of September 30, 2021, were RMB 3,034,461,674.03, compared to RMB 2,615,669,869.89 at the end of 2020[13]. - The total liabilities stood at RMB 1,154,067,214.44, indicating a healthy balance sheet with manageable debt levels[13]. - The total liabilities of the company stood at ¥1,486,195,151.18, compared to ¥749,499,166.21 in the previous year, indicating a significant increase[14]. - The total equity attributable to shareholders was ¥1,548,266,522.85, down from ¥1,866,170,703.68 year-on-year[14]. - The company reported a total non-current asset value of RMB 1,880,394,459.59, slightly up from RMB 1,804,234,111.90 year-over-year[13]. Cash Flow - Cash flow from operating activities showed a significant increase of 391.31%, totaling ¥164,170,355.49[3]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 2,224,665,530.48, an increase of 13.8% compared to CNY 1,953,494,079.96 in the same period of 2020[19]. - The net cash flow from operating activities was CNY 164,170,355.49, significantly up from CNY 33,414,904.23 in the first three quarters of 2020, representing a growth of 390.5%[19]. - The net cash flow from investing activities was CNY 182,105,461.61, recovering from a negative cash flow of CNY -73,583,994.04 in the same period last year[20]. Inventory and Receivables - Accounts receivable surged by 316.11%, mainly due to an increase in rental income[6]. - Accounts receivable increased to RMB 6,232,635.32 from RMB 1,497,827.45, indicating a significant rise in credit sales[12]. - The company has a significant inventory of RMB 119,779,252.04, compared to RMB 105,879,623.77 in the previous year, suggesting potential for increased sales[12]. Tax and Other Expenses - The company incurred tax expenses of ¥32,749,330.96, compared to ¥22,769,862.07 in the same period of 2020[17]. - The company paid CNY 99,962,068.57 in taxes, which is an increase of 40.5% compared to CNY 71,028,996.61 in the previous year[19]. - Other comprehensive income after tax was ¥8,976,858.29, down from ¥42,282,305.91 year-on-year[17]. Shareholder Information - The company has a notable amount of pledged shares, with major shareholders holding significant stakes, which may impact future financing strategies[10]. - The company’s capital reserve remained stable at ¥354,530,847.21, with no changes reported[25]. - The company has a retained earnings balance of ¥480,905,477.58, unchanged from the previous period[25].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥521.18 million, representing a 29.80% increase compared to ¥401.54 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥50.68 million, a significant increase of 155.55% from ¥19.83 million in the previous year[21]. - The net cash flow from operating activities improved to approximately ¥109.36 million, compared to a negative cash flow of ¥121.15 million in the same period last year, marking a 190.27% change[21]. - The basic earnings per share for the first half of 2021 was ¥0.08, up 166.67% from ¥0.03 in the same period last year[22]. - The total profit reached 71.11 million RMB, marking a significant increase of 123.76% compared to the previous year[48]. - The net profit after deducting non-recurring gains and losses was 49.54 million RMB, an increase of 98.08% year-on-year[48]. - The company reported a gross profit margin of approximately 43.5% for the first half of 2021, compared to 39.5% in the same period of 2020[125]. - The company reported a total revenue of 480,763,669.36 CNY for the first half of 2021, with a gross profit margin of 39.31%[30]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥2.99 billion, reflecting a 14.34% increase from ¥2.62 billion at the end of the previous year[21]. - The total liabilities increased to CNY 1,159,459,377.02 from CNY 749,499,166.21, marking a significant rise of around 54.5%[120]. - The company's total equity decreased to CNY 1,831,379,407.79 from CNY 1,866,170,703.68, a decline of about 1.9%[120]. - The company's cash and cash equivalents increased by 16.02%, amounting to 679.38 million RMB[52]. - The total current assets reached CNY 914,185,979.48, up from CNY 811,435,757.99, indicating an increase of about 12.7%[119]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of ¥5.00 per 10 shares to all shareholders, pending approval at the shareholders' meeting[4]. - The dividend distribution proposal has been approved by the company's board and will be submitted for shareholder approval[70]. - The total number of ordinary shareholders as of the end of the reporting period was 26,780[98]. - The top shareholder, Zhang Guofang, holds 280.5 million shares, representing 42.12% of the total shares, with 180 million shares pledged[100]. Business Operations and Strategy - The company operates 12 stores with a total area of 339,600 square meters, enhancing synergy between different retail formats[26]. - The company implemented a digital transformation strategy, integrating online and offline platforms to enhance customer experience[43]. - The company plans to expand its market presence by leveraging regional advantages and enhancing its competitive edge through differentiated operations[64]. - The company achieved a brand store plan progress of 47.52% with 65 stores meeting the annual target by mid-year[40]. Risk Management - The company faces macroeconomic risks due to a slowdown in economic growth, which may negatively impact consumer spending and, consequently, the company's performance[62]. - The company is implementing strategies to enhance operational efficiency and customer experience to mitigate management risks associated with employee turnover and market competition[65]. Investments and Acquisitions - The company invested a total of 30 million CNY in Gansu Shanshan Outlets Shopping Plaza, with Shanshan Commercial contributing 12.3 million CNY (41%), Guofang Group 9 million CNY (30%), and Ningbo Wansheng 8.7 million CNY (29%)[56]. - The company invested 40 million CNY in Jilin Aolaide Optoelectronic Materials Co., Ltd., acquiring 200,000 shares at 20 CNY per share, resulting in a 3.6461% ownership stake[57]. Compliance and Governance - The financial report was approved by the board of directors on August 30, 2021, ensuring compliance with regulatory requirements[153]. - The company has not reported any significant lawsuits or arbitration matters during the reporting period[85]. - The company has not experienced any non-compliance issues or penalties related to its operations[85]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[156]. - The company adheres to the accrual basis of accounting, recognizing transactions when they occur rather than when cash is received or paid[155]. - The company recognizes financial assets and liabilities when it becomes a party to the financial instrument contract[168]. - The company applies the expected credit loss model for accounts receivable, measuring loss provisions based on the expected credit loss over the entire duration for receivables without significant financing components[178].