Financial Performance - The company reported a net profit attributable to ordinary shareholders of RMB 142,881,070.41 for the year 2020, with a cash dividend amounting to 111.93% of the net profit[6]. - The company's operating revenue for 2020 was ¥8,389,187,376.38, a decrease of 32.57% compared to ¥12,441,176,211.25 in 2019[22]. - Net profit attributable to shareholders decreased by 46.54% to ¥142,881,070.41 from ¥267,290,104.06 in the previous year[22]. - Basic earnings per share fell to ¥0.18, down 41.94% from ¥0.31 in 2019[23]. - The company reported a significant decline in net profit due to the impact of COVID-19, with a rental concession of approximately ¥77.91 million provided to small leasing businesses[24]. - Total assets increased by 8.84% to ¥13,099,168,152.26 at the end of 2020, compared to ¥12,035,138,056.00 at the end of 2019[22]. - The weighted average return on equity decreased to 3.11%, down 2.66 percentage points from 5.77% in 2019[23]. - The company experienced a net cash flow from operating activities of ¥573,574,108.07, an increase of 78.02% compared to ¥322,205,449.72 in 2019[22]. - The company reported a total expected daily related transactions amounting to no more than 666 million yuan for 2020[150]. - The company paid a total of CNY 1.5 billion in corporate income tax during the reporting period, reflecting strong economic performance[170]. Shareholder Returns and Dividends - The company has implemented a cash dividend policy, with a cash dividend amount of RMB 159,930,297.56 in 2020, representing 111.93% of the net profit attributable to shareholders[135]. - In 2019, the company distributed a cash dividend of RMB 129,075,069.00, which accounted for 48.29% of the net profit attributable to shareholders[133]. - The company did not propose a cash profit distribution plan for 2020 due to a significant decline in net profit year-on-year, primarily caused by the pandemic[136]. - The company has established a three-year shareholder return plan from 2019 to 2021, considering profitability and shareholder expectations[131]. - The company has not distributed dividends in 2020, maintaining a focus on reinvestment and strategic growth initiatives[133]. Business Operations and Strategy - The company maintains a comprehensive business model focusing on retail, logistics, and brand agency, aiming for a fully integrated supply chain[33]. - The retail chain segment operates 89 large retail stores and 81 convenience and fresh community stores, totaling over 2 million square meters of operational area[34]. - The logistics and wholesale segment has established a supply chain with nearly 30 brand agencies and a total warehouse area of 400,000 square meters, with an additional 300,000 square meters under construction[35]. - The company’s main revenue model is the distribution model, accounting for 94.92% of total revenue in 2020, with a gross profit margin of 16.29%[39]. - The company is actively expanding its market presence with various retail formats across multiple regions, including Shandong and Jiangsu[83]. - The company plans to accelerate store openings and expand its market presence across multiple provinces, aiming to become a nationally influential commercial brand[108]. - The company aims to enhance its supply chain capabilities by increasing the proportion of self-operated products and expanding logistics center construction[109]. - The company intends to leverage technology to improve customer experience and optimize product offerings through innovative marketing strategies[107]. - The company will continue to explore mergers and acquisitions to support its strategic expansion and enhance its competitive position in the market[108]. Logistics and Supply Chain - The company has a logistics center with a storage area of 400,000 square meters, enhancing its supply chain capabilities for various product categories[48]. - The company’s logistics capabilities were bolstered by the introduction of advanced automated equipment, improving supply chain efficiency[49]. - The company has invested in a cold chain logistics system to ensure the delivery of perishable goods, enhancing supply chain reliability[96]. - The company’s logistics centers are capable of handling a variety of products, including fresh produce, food and beverages, and household appliances, supporting diverse retail operations[95]. - The company’s logistics capacity was significantly improved, with total warehouse space reaching 400,000 square meters, and two major logistics bases in Jiaozhou and Huai'an operational by the end of 2020[64]. Market Trends and Consumer Behavior - The company emphasizes the importance of integrating online and offline retail channels to adapt to changing consumer behaviors post-COVID-19[107]. - The online retail sales of physical goods in China reached 975.9 billion yuan in 2020, growing by 14.8% year-on-year[41]. - The company’s e-commerce membership surged to nearly 1 million in 2020, following strategic adjustments and enhancements to its online shopping platform[66]. - The company reported a total of 90,503.00 in revenue from the Jinding Plaza in Qingdao, which is a leased property[87]. - The company has established a new store in Shanghai, generating 25,707.86 in revenue from the Putuo District[87]. Financial Management and Investments - The company successfully issued 1.8 billion yuan in convertible bonds, providing significant financial support for its strategic development[59]. - The company has a stable operational cash flow to ensure the payment of interest and repayment of the convertible bonds in future years[183]. - The company has confirmed that there are no significant changes in related party transactions during the reporting period[152]. - The company has entrusted cash asset management with a total amount of 1.12 billion yuan, with no overdue amounts[158]. - The company has implemented strict inventory management practices to enhance inventory turnover efficiency and asset operation capabilities[99]. Corporate Governance and Compliance - The company’s financial report has been audited by Xinyong Zhonghe Accounting Firm, which issued a standard unqualified opinion[4]. - The company’s board of directors and senior management have confirmed the authenticity, accuracy, and completeness of the annual report[7]. - The company has not faced any situations where more than half of the directors could not guarantee the authenticity of the disclosed annual report[9]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has not faced any risks of suspension or termination of its listing[149]. Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, including the procurement of 140 tons of fruits and vegetables from impoverished areas, contributing CNY 820,000 to support local farmers[68]. - The company donated CNY 750,000 worth of pandemic prevention materials to the local education system and healthcare workers[173]. - In 2020, the company helped sell over 200 tons of unsold fruits and vegetables, contributing to national poverty alleviation efforts[163]. - The company completed vegetable reserves for the city, including 2,000 tons for pandemic response and 2,100 tons for winter reserves[172]. Challenges and Risks - The company anticipates challenges from macroeconomic fluctuations and the ongoing impact of the pandemic on retail demand, particularly in sectors like department stores and home appliances[123]. - The company has faced challenges in cross-regional operations due to varying consumer preferences and income levels across different areas[127]. - As the company expands its operations, it faces increased management complexity, necessitating more refined management practices across various functions[125].

Financial Performance - Operating revenue for the first three quarters decreased by 31.58% to CNY 6.43 billion, primarily due to the impact of the new revenue recognition standards and COVID-19[9] - Net profit attributable to shareholders dropped by 75.57% to CNY 52.62 million, influenced by reduced sales in various sectors due to the pandemic[10] - Basic and diluted earnings per share fell by 76.00% to CNY 0.06[8] - The weighted average return on equity decreased by 3.46 percentage points to 1.15%[8] - The company reported a net profit of CNY 61.81 million in Q3, a year-on-year increase of 36.61%[10] - The company experienced a sequential profit increase of 5.03% from Q2 to Q3[10] - Total operating revenue for Q3 2020 was approximately ¥2.00 billion, a decrease of 30.5% compared to ¥2.88 billion in Q3 2019[31] - The company reported a net profit of approximately ¥52.53 million for the first three quarters of 2020, a decrease of 75.5% from ¥215.38 million in the same period of 2019[32] - The total profit for Q3 2020 reached approximately ¥99.18 million, up 20.9% from ¥82.07 million in Q3 2019[32] Assets and Liabilities - Total assets increased by 7.87% to CNY 12.98 billion compared to the end of the previous year[7] - Total assets increased to CNY 12,982,506,037.79 from CNY 12,035,138,056.00, representing a growth of approximately 7.86% year-over-year[24] - Current assets rose to CNY 4,449,330,974.10 compared to CNY 4,067,845,375.63, an increase of about 9.39%[24] - Non-current assets totaled CNY 8,533,175,063.69, up from CNY 7,967,292,680.37, reflecting a growth of approximately 7.09%[24] - Total liabilities increased to CNY 8,467,210,808.00 from CNY 7,351,903,188.00, marking a rise of about 15.19%[25] - Current liabilities decreased to CNY 6,206,809,674.57 from CNY 6,722,963,503.31, a decline of approximately 7.66%[25] - Non-current liabilities rose significantly to CNY 2,260,401,133.43 from CNY 628,939,684.69, an increase of about 259.73%[25] - Shareholders' equity decreased to CNY 4,515,295,229.79 from CNY 4,683,234,868.00, a decline of approximately 3.57%[25] Cash Flow - Cash flow from operating activities increased significantly by 112.74% to CNY 728.78 million, attributed to improved cost control and inventory management[10] - The net cash flow from operating activities for Q3 2020 was ¥728,784,930.33, a significant increase from ¥342,566,818.36 in Q3 2019, reflecting a year-over-year growth of approximately 112.5%[39] - Cash inflow from operating activities for the first three quarters of 2020 was ¥10,203,388,966.41, down 11.7% from ¥11,557,938,315.72 in the first three quarters of 2019[38] - The cash flow from financing activities showed a net increase of ¥1,332,006,702.81 in Q3 2020, compared to ¥365,792,204.68 in Q3 2019, indicating a growth of approximately 264.5%[39] Shareholder Information - Total number of shareholders reached 34,559[16] - The largest shareholder, Li Qun Group, holds 162,775,339 shares, representing 18.92% of total shares[16] Inventory and Construction - Inventory decreased by 21.00% to 1,664,223,772.51 RMB from 2,106,487,123.08 RMB year-end[18] - Construction in progress increased by 116.06% to 1,196,975,522.15 RMB from 553,991,655.51 RMB year-end[18] - The company plans to continue optimizing inventory structure to enhance operational efficiency[19] Other Financial Metrics - The company provided over CNY 70 million in rent reductions to support tenants during the pandemic[10] - The company reported a total comprehensive income of approximately ¥59.46 million for Q3 2020, an increase from ¥45.80 million in Q3 2019[34] - Investment income for Q3 2020 was approximately ¥3.18 million, compared to ¥0.46 million in Q3 2019, indicating a significant increase[32] - The company incurred tax expenses of approximately ¥37.37 million in Q3 2020, slightly up from ¥36.83 million in Q3 2019[32]

证券代码：601366 证券简称：利群股份 公告编号：2020-079 债券代码：113033 债券简称：利群转债 利群商业集团股份有限公司 关于参加青岛辖区上市公司投资者网上集体接待日活动的 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。 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，利群商业集 团股份有限公司（以下简称"公司"）将参加由青岛证监局、青岛市上市公司协 会、上证所信息网络有限公司共同举办的"2020 年青岛辖区上市公司投资者网 上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台举行，投资者 可以登录"上证路演中心"网站（http://roadshow.sseinfo.com）或关注微信 公众号：上证路演中心，参与公司本次投资者集体接待日活动，活动时间为 2020 年 9 月 25 日（星期五）下午 15:00 至 17:00。届时公司董事会秘书张兵先生、 财务总监胥德才先生将通过网络在线交流形式与投资者就公司治理、发展战略、 经营状况、融资计 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥4.43 billion, a decrease of 32.06% compared to ¥6.52 billion in the same period last year[18]. - The net profit attributable to shareholders was a loss of approximately ¥9.22 million, a decline of 105.42% from a profit of ¥170.12 million in the previous year[18]. - The basic earnings per share for the first half of 2020 was -¥0.01, down 105.00% from ¥0.20 in the same period last year[19]. - The weighted average return on equity decreased by 3.86 percentage points to -0.20% from 3.66% in the previous year[19]. - The decline in revenue was primarily due to the impact of the COVID-19 pandemic, which significantly affected the company's department store and home appliance operations[19]. - The company's operating revenue for the reporting period was approximately ¥4.43 billion, a decrease of 4.31% compared to ¥4.63 billion in the same period last year[20]. - The net profit for the second quarter was ¥58.85 million, showing significant improvement compared to the first quarter[21]. - The company reported a significant increase in online sales through community group buying and live streaming, compensating for offline sales declines during the pandemic[35]. - The total comprehensive income for the first half of 2020 was CNY -13,856,315.36, compared to CNY 1,206,292.08 in the same period of 2019[112]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥104.53 million, a significant improvement compared to a negative cash flow of ¥16.21 million in the same period last year, representing a 744.96% increase[18]. - The net cash flow from operating activities increased significantly, mainly due to a rise in advance payments and improved cost control[21]. - Cash flow from operating activities generated a net amount of CNY 104,526,968.74, a significant improvement from a negative cash flow of CNY -16,206,697.51 in the first half of 2019[114]. - The company reported a net increase in cash and cash equivalents of 94,016,121.95 RMB at the end of the first half of 2020, down from 300,943,075.31 RMB in the same period of 2019[118]. - The company's cash balance at the end of the period was 94,016,121.95 RMB, a significant decrease from the previous year’s balance[118]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥12.65 billion, an increase of 5.09% from ¥12.04 billion at the end of the previous year[18]. - The total liabilities were RMB 8.17 billion, an increase from RMB 7.35 billion at the end of 2019, showing a rise of about 11.2%[101]. - The company's total assets reached 12.648 billion RMB, with a debt-to-asset ratio of 64.67% as of June 2020[80]. - The total equity attributable to the parent company at the end of the reporting period was approximately ¥4.68 billion, with a decrease of ¥207.14 million compared to the previous period[120]. - The total liabilities and equity at the end of the reporting period amounted to CNY 4,608,476,685.79[122]. Investments and Financing - The company completed the issuance of 1.8 billion RMB in convertible bonds to fund commercial complex projects and enhance its logistics capabilities[33]. - The company raised ¥1,500,252,206.65 from financing activities, a 221.90% increase from ¥466,058,826.58 in the same period last year, due to the issuance of convertible bonds[40]. - The company issued 18 million A-share convertible bonds with a total amount of 1.8 billion RMB, with a net fundraising amount of 1,789.29 million RMB after deducting issuance costs[72]. - The company maintained an AA credit rating for its convertible bonds, with a stable outlook[80]. Social Responsibility and Community Engagement - The company actively engaged in social responsibility by implementing price controls and low-price sales policies during the pandemic[20]. - In the first half of 2020, the company ensured the supply of essential goods, distributing nearly 3 million masks and over 15,910 tons of fruits and vegetables during the pandemic[32]. - The company continued to support poverty alleviation efforts, purchasing nearly 10 million RMB worth of agricultural products from national-level poverty-stricken counties in the first half of 2020[69]. - The company plans to continue increasing procurement from impoverished areas and establish long-term cooperative relationships to support industrial poverty alleviation[71]. Corporate Governance and Compliance - No profit distribution or capital reserve fund increase plan proposed for the half-year period[53]. - The company has committed to a 36-month lock-up period for major shareholders post-IPO, during which they cannot transfer or manage their shares[54]. - The company has confirmed that all commitments made by shareholders and management are being fulfilled as of the reporting period[54]. - The company will not seek special benefits through related party transactions that could harm the interests of Li Qun Department Store and its minority shareholders[59]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect true and complete financial conditions[135]. - The company’s accounting policies include revenue recognition and measurement, inventory measurement, and fixed asset depreciation methods[134]. - The company recognizes the fair value of equity investments held prior to the acquisition date, with the difference between fair value and book value recorded as investment income for the current period[143]. - The group assesses expected credit losses based on the risk of default, with loss provisions recognized for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[159].

Financial Performance - Operating revenue for the first quarter was approximately ¥2.41 billion, representing a year-on-year decline of 32.94%[8] - The net profit attributable to shareholders was a loss of approximately ¥68.07 million, a decrease of 203.79% compared to the same period last year[7] - The company's gross margin was impacted by rising costs and a decrease in sales, leading to a significant reduction in net profit[9] - Basic earnings per share were reported at -¥0.08, a decrease of 172.73% compared to the same period last year[7] - The company's Q1 2020 revenue decreased by 1.184 billion RMB, a year-on-year decline of 32.94%, primarily due to the implementation of new revenue recognition standards[18] - The net profit attributable to shareholders decreased by 165.09 million RMB, significantly impacted by the COVID-19 pandemic and rising costs of goods sold[18] - The company's total comprehensive income for Q1 2020 was -¥67,653,571.82, compared to ¥96,562,451.23 in Q1 2019[36] - The operating profit for Q1 2020 was -¥53,666,825.97, compared to ¥135,161,622.54 in Q1 2019[35] Cash Flow - The cash flow from operating activities increased significantly to approximately ¥467.52 million, compared to a negative cash flow of ¥19.46 million in the same period last year, marking an increase of 2,502.31%[7] - The net cash flow from operating activities for Q1 2020 was ¥467.52 million, a significant improvement from a net outflow of ¥19.46 million in Q1 2019[41] - The total cash outflow from investing activities in Q1 2020 was ¥256.31 million, compared to ¥1.39 billion in Q1 2019, indicating a reduction in investment expenditures[42] - Cash inflow from financing activities in Q1 2020 was ¥710 million, up from ¥640 million in Q1 2019, reflecting increased borrowing[42] - The company’s cash flow from operating activities showed a positive trend with a net inflow of ¥232.16 million in Q1 2020, compared to ¥183.58 million in Q1 2019[44] - The company’s cash flow from investing activities was negative at -¥73.90 million in Q1 2020, a significant improvement from -¥1.28 billion in Q1 2019, suggesting a strategic shift in investment approach[44] Assets and Liabilities - The company's total assets at the end of the first quarter were approximately ¥11.92 billion, a decrease of 0.94% compared to the end of the previous year[7] - The company's total liabilities as of March 31, 2020, amounted to ¥7,308,689,233.30, slightly down from ¥7,351,903,188.00 at the end of 2019[27] - Current liabilities totaled ¥6,678,416,374.33, a decrease of 0.7% from ¥6,722,963,503.31 in the previous period[27] - Non-current liabilities were reported at ¥630,272,858.97, showing a minor increase from ¥628,939,684.69[27] - The equity attributable to shareholders was ¥4,605,327,766.51, down from ¥4,675,789,405.23[27] - Cash and cash equivalents stood at ¥145,930,112.91, up from ¥126,809,224.87 in the previous year[30] Business Segments - The supermarket segment saw a 17.91% increase in main business revenue, while the department store and home appliance segments experienced declines of 38.16% and 25.63%, respectively[8] - The supermarket segment's main business revenue increased by 17.91%, while the department store and home appliance segments saw declines of 38.16% and 25.63%, respectively[18] Support Measures - The company provided rent reductions totaling approximately ¥62.22 million to support small and medium-sized merchants during the pandemic[9] - The company actively supported small and medium-sized merchants during the pandemic, providing rent reductions totaling 62.22 million RMB[18] Shareholder Information - The number of shareholders reached 50,433, with the top ten shareholders holding a combined 59.67% of the shares[16] - The first major shareholder, Li Qun Group, holds 17.95% of the shares, while Qingdao Jun Tai Fund holds 14.20%[16]

Financial Performance - The company reported a total distributable profit of RMB 1,473,975,079.04 as of December 31, 2019, with a proposed cash dividend of RMB 1.5 per 10 shares, amounting to a total of RMB 129,075,069[5]. - The cash dividend payout ratio for the year was 48.29%, with retained earnings of RMB 1,344,900,010.04 to be carried forward for future distribution[5]. - The company's operating revenue for 2019 reached ¥12,441,176,211.25, an increase of 8.98% compared to ¥11,416,243,188.40 in 2018[23]. - Net profit attributable to shareholders was ¥267,290,104.06, reflecting a significant increase of 32.25% from ¥202,105,143.98 in the previous year[23]. - Basic earnings per share rose to ¥0.31, a 34.78% increase from ¥0.23 in 2018[24]. - The weighted average return on equity improved to 5.77%, up by 1.31 percentage points from 4.46% in 2018[24]. - The net cash flow from operating activities was ¥322,205,449.72, a substantial recovery from a negative cash flow of ¥1,609,775.93 in 2018[23]. - The company achieved a total revenue of 1,152,858.74 million yuan in 2019, with a gross profit of 202,215.32 million yuan, resulting in an overall gross margin of 17.54%[40]. Audit and Compliance - The company has received a standard unqualified audit opinion from the accounting firm Xin Yong Zhong He[4]. - The company is committed to ensuring the accuracy and completeness of its financial reports as stated by its management[4]. - The company has not reported any violations of decision-making procedures in providing guarantees[7]. - The company has not reported any significant accounting errors or the need for corrections during the reporting period[145]. - The company appointed Xinyong Zhonghe Accounting Firm as the auditor for the fiscal year 2019, with an audit fee of RMB 1,500,000[146]. Corporate Governance - The company has committed to a 36-month lock-up period for major shareholders, during which they will not transfer or manage their shares[133]. - The company will ensure that any related party transactions are conducted fairly and transparently, adhering to market principles[137]. - The company has established a framework to manage and minimize related party transactions[137]. - The company has committed to ensuring that related party transactions with Lihua Group will be conducted on fair and open market principles[138]. - The company has established strict standards for store location selection to mitigate operational risks associated with geographic positioning[120]. Market Expansion and Strategy - The company plans to continue expanding its market presence and enhancing operational efficiency to drive future growth[25]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its operational footprint[86]. - The company plans to accelerate the opening of various retail stores, aiming for a higher market share in key regions and expanding its presence across multiple provinces, with a focus on establishing a comprehensive commercial brand nationwide[106]. - The company is expanding its retail formats by increasing the number of large supermarkets and community stores, with a goal to cover community markets comprehensively and ensure timely supply of products[109][110]. Social Responsibility - The company has committed to purchasing agricultural products from poverty-stricken areas, with a procurement amount of nearly 20 million RMB in 2019[159]. - The company has engaged in social responsibility activities, including a donation of 300,000 RMB to support the construction of water reservoirs for three schools in Anshun City[161]. - The company has been actively involved in poverty alleviation efforts, including a series of consumer support activities and direct procurement from national-level poverty counties[159]. Logistics and Supply Chain - The logistics group has a total warehousing area of approximately 340,000 square meters, with a daily throughput of 1,300 tons and over 300 delivery vehicles[36]. - The company is enhancing its supply chain capabilities by increasing the proportion of self-operated products and improving logistics infrastructure, including the construction of urban logistics centers and a highly automated warehousing system[108]. - The logistics center has a total storage area of approximately 340,000 square meters, including over 60,000 square meters for cold chain storage[47]. Employee and Management - The total salary and bonuses distributed to employees reached approximately CNY 757 million, an increase of about 2.3% year-on-year[165]. - The company plans to increase employee salaries by 10%-20% annually based on economic performance[194]. - The company employed a total of 9,015 staff, with 6,952 in sales roles, 287 in production, and 339 in technical positions[193]. Shareholder Information - The largest shareholder, Lihua Group Co., Ltd., holds 17.95% of the company's shares, while the third-largest shareholder, Qingdao Lihua Investment Co., Ltd., holds 4.88%, together accounting for 22.83% of the shares[176]. - The total number of shares held by the top ten shareholders is 422,000,000, representing a significant portion of the company's equity[173]. - The company does not have a controlling shareholder as the combined shareholding of the largest and third-largest shareholders does not exceed the controlling threshold[176]. Challenges and Risks - The company anticipates challenges due to macroeconomic fluctuations and the impact of the COVID-19 pandemic on retail sales, particularly in sectors like department stores and dining[119]. - The rapid expansion of the company's asset scale increases management complexity, necessitating higher operational and management standards[122].

Financial Performance - Operating revenue increased by 13.29% year-on-year, reaching ¥9,398,701,909.77, driven by new store openings and sales growth in existing stores[8] - Net profit attributable to shareholders decreased by 27.52% year-on-year, totaling ¥215,366,601.76, primarily due to losses from newly opened stores[11] - Basic earnings per share decreased by 28.57% to ¥0.25, while diluted earnings per share fell by 42.86% to ¥0.20[8] - The weighted average return on net assets decreased by 1.73 percentage points to 4.61%[8] - Net profit for the first three quarters of 2019 was ¥1,098,836,626.31, down from ¥1,279,963,395.33 in the same period of 2018, indicating a decrease of approximately 14.14%[24] - The total profit for the first three quarters of 2019 was approximately ¥349.27 million, compared to ¥423.50 million in the same period of 2018, a decrease of about 17.5%[26] - Net profit for Q3 2019 reached ¥45.24 million, compared to ¥15.99 million in Q3 2018, indicating a significant increase of approximately 183.5%[26] - The total profit for Q3 2019 was approximately ¥82.07 million, up from ¥48.72 million in Q3 2018, reflecting a growth of around 68.4%[26] Cash Flow and Liquidity - Net cash flow from operating activities dropped by 42.36% year-on-year, amounting to ¥342,566,818.36, attributed to increased procurement and operational expenses[11] - Cash and cash equivalents decreased by 66.43% to ¥745,490,813.17 from ¥2,220,461,849.59 due to construction expenditures for logistics centers and payment for equity transfer[16] - Cash inflow from operating activities totaled 11,557,938,315.72 CNY in Q3 2019, compared to 10,306,792,809.90 CNY in Q3 2018, marking an increase of approximately 12.1%[34] - The net cash flow from investment activities decreased by 137.31% to -¥1,934,104,320.10 from -¥815,007,618.22, mainly due to the commencement of construction for logistics centers[16] - Cash inflow from financing activities was CNY 1,242,000,000.00, a decrease from CNY 1,440,000,000.00 in the same period last year[37] - Net cash flow from financing activities was CNY 202,641,434.26, down 75.5% from CNY 822,844,810.55 in 2018[37] Assets and Liabilities - Total assets decreased by 9.50% compared to the end of the previous year, amounting to ¥11,640,730,912.72[7] - Total liabilities increased, with short-term borrowings reaching ¥1,940,000,000.00, up from ¥1,160,000,000.00[18] - Total assets as of September 30, 2019, amounted to ¥8,654,202,630.04, a decrease from ¥9,267,910,121.22 at the end of 2018[23] - Total liabilities decreased to ¥4,433,563,214.59 from ¥4,866,143,936.75, representing a reduction of about 8.91%[23] - Long-term borrowings were reduced to ¥384,000,000.00 from ¥512,000,000.00, reflecting a decrease of 25%[23] Operational Insights - The company is experiencing improved operational conditions in newly opened stores, with some achieving profitability[11] - Increased operational costs in newly opened stores are impacting overall profitability, but the loss margin has narrowed compared to the first half of 2019[11] - Management expenses increased by 60.54% to ¥622,659,793.37 from ¥387,847,560.81, mainly due to increased management costs from new store openings[16] - Financial expenses surged by 103.48% to ¥97,918,651.28 from ¥48,121,913.45, attributed to increased interest expenses[16] Shareholder Information - As of the report date, the total number of shareholders was 48,803, with the top ten shareholders holding a combined 59.66% of shares[13]

证券代码：601366 证券简称：利群股份 公告编号：2019-059 利群商业集团股份有限公司 关于参加青岛辖区上市公司投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，利群商业集 团股份有限公司（以下简称"公司"）将参加由青岛证监局、青岛市上市公司协 会、上证所信息网络有限公司共同举办的"2019 年青岛辖区上市公司投资者网 上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台举行，投资者 可以登录"上证路演中心"网站（http://roadshow.sseinfo.com）或关注微信 公众号：上证路演中心，参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 20 日（星期五）下午 15:00 至 17:00。届时公司董事会秘书张兵先生、 财务总监胥德才先生将通过网络在线交流形式与投资者就公司治理、发展战略、 经营状况、融资计划、可持续发展等投资者关注的问题进行沟通。 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 6,518,913,457.15, representing a year-on-year increase of 15.91% due to new store openings and sales growth in existing stores[19]. - The net profit attributable to shareholders decreased by 39.49% to CNY 170,118,004.74, primarily due to losses from newly opened stores under Liqun Times[19]. - Excluding the losses from newly opened stores, the net profit from existing stores and wholesale logistics business increased by 35.26%[19]. - The basic earnings per share dropped to CNY 0.20, down 39.39% compared to the same period last year[20]. - The diluted earnings per share also fell to CNY 0.20, reflecting the same percentage decrease as basic earnings[20]. - The weighted average return on net assets decreased by 2.35 percentage points to 3.66%[20]. - The total assets at the end of the reporting period were CNY 11,361,464,654.05, a decrease of 11.67% compared to the end of the previous year[19]. - The net profit for the same period was 170 million RMB, a year-on-year decrease of 39.49%, but excluding losses from newly opened stores, net profit from existing stores increased by 35.26%[37]. - The total profit for the first half of 2019 was CNY 267,202,916.67, a decrease of 28.7% compared to CNY 374,786,364.03 in the same period of 2018[110]. Cash Flow and Assets - The net cash flow from operating activities decreased by 104.85%, mainly due to increased procurement costs and higher operating expenses from newly opened stores[19]. - The company's cash flow from operating activities showed a net outflow of 16.21 million RMB, a significant decrease compared to a net inflow of 334.12 million RMB in the previous year[44]. - Total assets decreased by 68.14% in cash and cash equivalents, amounting to 707.44 million RMB at the end of the reporting period[46]. - Cash and cash equivalents were reported at CNY 707,435,290.73, significantly lower than CNY 2,220,461,849.59 at the end of 2018, indicating a decrease of about 68.2%[100]. - The company reported a significant increase in cash outflows related to investment activities, totaling CNY 1,720,295,984.77 in the first half of 2019, compared to CNY 628,389,153.17 in the same period of 2018[116]. Business Operations - The company operates a retail chain business with a total of 86 large retail stores, 57 convenience stores, and 9 fresh community stores, covering over 2 million square meters[26]. - The company has established 6 modern logistics centers with a total storage area exceeding 320,000 square meters, supporting its brand agency and logistics distribution business[26]. - The company has developed an O2O model through its platform, integrating over 90% self-operated products, enhancing customer service efficiency[27]. - The company aims to leverage its supply chain advantages to expand into the B2B market, providing a one-stop procurement service for various business needs[27]. - The company opened 50 new category collection stores, covering various categories such as beauty, bags, toys, and sports brands[40]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,117[85]. - The largest shareholder, Li Qun Group Co., Ltd., held 154,431,089 shares, representing 17.95% of total shares[87]. - The top three shareholders collectively held 273,601,753 shares, which is approximately 34.03% of total shares[87]. - The first major shareholder, Li Qun Group, has a 68.34% stake in the company[88]. - The company has commitments from major shareholders to not transfer shares for 36 months post-IPO, ensuring stability[58]. Risk Management - The company is aware of market risks, operational risks, management risks, and risks associated with cross-regional operations[50]. - The management acknowledges the increased operational and management difficulties due to rapid expansion[53]. - The company emphasizes the need for improved management capabilities to adapt to its growing scale[53]. Corporate Governance - The company appointed Xin Yong Zhong He Accounting Firm as the auditor for the 2019 fiscal year, with the audit fee determined by the board based on market price and service quality[63]. - There were no significant lawsuits or arbitration matters during the reporting period[63]. - The company did not disclose any stock incentive plans or employee stock ownership plans during the reporting period[64]. Accounting Policies - The company has not made any changes to its accounting policies that would affect current profits, total assets, or net assets[82]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and performance[150]. - The accounting period for the company is from January 1 to December 31 each year[151]. Investment Activities - The company invested ¥8,639,753.71 in acquiring subsidiaries and other business units during the reporting period[120]. - The cash outflow for the purchase of fixed assets and intangible assets was ¥35,227,867.50[120]. - The company reported a significant increase in cash inflows from financing activities compared to the previous period, reflecting improved access to capital[120]. Social Responsibility - The company continues to actively fulfill its social responsibility by increasing procurement from impoverished areas and establishing long-term cooperation[79]. - The company signed a special poverty alleviation loan agreement with the National Development Bank for purchasing goods from impoverished areas[78].

Financial Performance - Operating revenue increased by 16.89% year-on-year to CNY 3,594,497,726.51, driven by the growth in existing store sales and the reopening of Lotte Shopping stores in East China, now renamed as Li Qun Era[7] - Net profit attributable to shareholders decreased by 52.95% to CNY 68,742,880.66, largely due to increased costs associated with the newly acquired stores[6] - Basic and diluted earnings per share decreased by 38.89% to CNY 0.11[6] - The company reported a net profit of CNY 1,689,550,849.37, up from CNY 1,592,622,600.93, an increase of approximately 6.1%[20] - Total operating revenue for Q1 2019 was ¥3,594,497,726.51, an increase of 17.0% compared to ¥3,075,234,862.75 in Q1 2018[25] - Net profit for Q1 2019 was ¥96,988,706.18, a decrease of 38.3% from ¥157,476,397.99 in Q1 2018[26] - Operating profit for Q1 2019 was ¥135,161,622.54, down 34.8% from ¥207,175,939.61 in Q1 2018[26] - Total comprehensive income for Q1 2019 was ¥96,562,451.23, down 38.5% from ¥157,476,397.99 in Q1 2018[27] Cash Flow - Cash flow from operating activities was negative at CNY -19,461,401.18, attributed to higher payments for goods, employee salaries, and property rents following the opening of Li Qun Era stores[10] - In Q1 2019, the company reported cash inflow from operating activities of CNY 4,289,501,139.39, an increase of 20.7% compared to CNY 3,552,342,139.93 in Q1 2018[30] - The net cash flow from operating activities was negative at CNY -19,461,401.18, a significant decline from CNY 215,966,067.01 in the same period last year[30] - Cash outflow for purchasing goods and services was CNY 3,627,768,422.36, up from CNY 2,865,695,172.74, reflecting a 26.6% increase year-over-year[30] - The total cash outflow for operating activities was CNY 4,308,962,540.57, compared to CNY 3,336,376,072.92 in the same quarter last year, indicating a 29.2% increase[30] Assets and Liabilities - Total assets decreased by 8.81% to CNY 11,730,124,353.91, primarily due to the payment of CNY 1,230.79 million for the acquisition of Lotte Shopping[6] - The company's current assets totaled RMB 4,088,529,825.74, down from RMB 5,323,259,963.01, indicating a decrease of about 23.2%[18] - Cash and cash equivalents were reported at RMB 976,062,535.13, significantly lower than RMB 2,220,461,849.59 from the previous year, representing a decline of approximately 56%[17] - The total liabilities increased to RMB 9,200,000,000.00, up from RMB 8,000,000,000.00, indicating an increase of 15%[18] - Total liabilities decreased from CNY 8,292,446,911.26 to CNY 7,061,381,042.52, a reduction of approximately 14.8%[19] - Current liabilities totaled CNY 6,279,996,564.00, down from CNY 7,443,556,024.61, indicating a decline of about 15.6%[19] - Non-current liabilities decreased from CNY 848,890,886.65 to CNY 781,384,478.52, reflecting a decrease of approximately 7.9%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,674[12] - The top shareholder, Li Qun Group Co., Ltd., held 17.95% of shares, totaling 154,431,089 shares[13] Government Subsidies - The company received government subsidies amounting to CNY 21,973,931.15, which were included in the current period's profit[10] Inventory and Receivables - Accounts receivable increased to RMB 193,549,084.10 from RMB 152,859,809.96, marking an increase of about 26.6%[18] - Inventory decreased to RMB 1,944,890,274.93 from RMB 2,059,943,848.95, a reduction of approximately 5.6%[18] - Accounts receivable decreased from CNY 165,204,494.99 to CNY 23,573,223.05, a significant drop of about 85.7%[21] - Inventory increased from CNY 28,073,693.24 to CNY 32,796,070.41, an increase of approximately 16.4%[21] Changes in Financial Policies - The company has not reported any significant changes in accounting policies or major financial indicators during the reporting period[15] - There are no overdue commitments or significant changes in net profit forecasts compared to the previous year[15] - The company executed new financial instrument standards starting January 1, 2019, with no substantial impact on its financial statements[35]