Financial Performance - The total revenue for Q1 2023 was RMB 23,802,041,478.56, representing a decrease of 12.63% compared to the same period last year[4]. - The net profit attributable to shareholders was RMB 704,225,687.58, an increase of 40.24% year-on-year[4]. - Total revenue for Q1 2023 was 22,088,140,666.18 RMB, a decrease of 12.37% year-over-year[15]. - Net profit for Q1 2023 reached ¥678.85 million, an increase of 39.2% from ¥487.58 million in Q1 2022[20]. - The total comprehensive income attributable to the parent company for Q1 2023 was ¥705,435,018.06, an increase from ¥503,168,915.28 in Q1 2022, representing a growth of approximately 40.2%[21]. Cash Flow - The net cash flow from operating activities decreased by 57.66%, amounting to RMB 1,096,074,324.06[4]. - The net cash flow from operating activities for Q1 2023 was ¥1,096,074,324.06, a decrease of 57.6% compared to ¥2,588,805,235.63 in Q1 2022[22]. - The total cash inflow from financing activities in Q1 2023 was ¥570,355,510.30, down from ¥1,901,185,694.77 in Q1 2022, indicating a decline of approximately 70%[23]. - The company reported a net cash outflow from financing activities of ¥2,401,951,203.09 in Q1 2023, compared to a net outflow of ¥2,040,239,965.75 in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 56,251,359,887.74, down 9.48% from the end of the previous year[5]. - The total assets decreased to ¥56.25 billion in Q1 2023 from ¥62.14 billion in Q1 2022, reflecting a decline of 9.5%[18]. - Total liabilities decreased to ¥48.14 billion in Q1 2023 from ¥54.49 billion in Q1 2022, a reduction of 11.6%[18]. - The company's cash and cash equivalents were 6,423,570,602.14 RMB as of March 31, 2023, compared to 7,615,940,712.22 RMB at the end of 2022[16]. - The company's cash and cash equivalents decreased to ¥19.89 billion from ¥24.54 billion, a decline of 19.0%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 226,200[9]. - The equity attributable to shareholders increased by 6.43% to RMB 7,945,721,707.27[5]. - The company’s total equity increased to ¥8.11 billion in Q1 2023 from ¥7.66 billion in Q1 2022, an increase of 5.9%[18]. Operational Metrics - The basic earnings per share were RMB 0.08, reflecting a growth of 33.33% compared to the previous year[4]. - The basic earnings per share for Q1 2023 increased to ¥0.08 from ¥0.06 in Q1 2022, reflecting a growth of 33.3%[21]. - Online business revenue reached 4.02 billion RMB, accounting for 16.90% of total revenue, with an average daily order volume of 469,000 and a 6% increase in average transaction value[15]. - The company reported a significant decrease in revenue across various regions, with the Southeast region down by 9.88% and the North China region down by 17.1%[14]. Inventory and Costs - Inventory decreased by 32.93% as a result of optimized stock management[7]. - The inventory as of March 31, 2023, was 7,019,602,698.12 RMB, down from 10,466,589,497.14 RMB at the end of 2022[16]. - Total operating costs for Q1 2023 were ¥23.08 billion, down 13.5% from ¥26.49 billion in Q1 2022[19]. - The cash outflow for purchasing goods and services in Q1 2023 was ¥20,393,487,113.59, down from ¥24,200,917,781.40 in Q1 2022, indicating a decrease of about 15.5%[22]. Strategic Developments - The company has established strategic partnerships for its third-party platform home delivery business, which covered 942 stores and generated sales of 2.07 billion RMB[15]. - The company opened new stores in Q1 2023, including a location in Guizhou with a leasing area of 7,137.1 square meters[13].

证券代码：601933 证券简称：永辉超市 公告编号：临-2023-11 永辉超市股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司及董事会全体成员保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 24 日（星期一）至 04 月 28 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bod.yh@yonghui.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 永辉超市股份有限公司（以下简称"公司"）将于 2023 年 04 月 29 日发布公 司 2022 年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年05月04日上午09:00-10:00举行2022年度暨2023年第一季度业绩说明会， 就投资者关 ...

Financial Performance - Yonghui Supermarkets reported a revenue of RMB 48.73 billion for the first half of 2022, an increase of 4.07% compared to RMB 46.83 billion in the same period last year[14]. - The net profit attributable to shareholders was a loss of RMB 111.77 million, while the net profit after deducting non-recurring gains and losses was RMB 94.10 million, showing an increase of RMB 971 million and RMB 1.02 billion respectively compared to the previous year[16]. - The gross profit margin improved from 18.82% in the previous year to 20.35% in the current period, contributing to the reduction in net loss[16]. - The net cash flow from operating activities was RMB 4.31 billion, representing a 13.32% increase from RMB 3.80 billion in the same period last year[14]. - The company achieved total revenue of 48.732 billion yuan, a year-on-year increase of 4.07%[21]. - Same-store sales increased by 4.2%, with double-digit growth in April[21]. - The net profit attributable to shareholders was -112 million yuan, with a comprehensive gross margin increase of 1.53%[21]. - Online business revenue reached 7.59 billion yuan, growing 11.5% year-on-year, accounting for 15.7% of total revenue[22]. - The company reported a significant increase in asset disposal income, which rose by 389.22% to approximately ¥146.52 million[35]. - The company reported a significant reduction in online business losses, with a loss rate of 1.6%[22]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders were RMB 10.37 billion, a decrease of 2.75% from RMB 10.66 billion at the end of the previous year[15]. - The total assets decreased by 9.95% from RMB 71.31 billion to RMB 64.22 billion[15]. - The company's total liabilities were ¥53.51 billion, down from ¥60.23 billion, indicating a decrease of approximately 11.4%[110]. - The company's current assets totaled ¥23.02 billion, down from ¥28.71 billion at the beginning of the period, reflecting a decrease of approximately 19.7%[108]. - The company's total equity attributable to shareholders decreased to ¥10.37 billion from ¥10.66 billion, a decline of about 2.7%[110]. - The company reported a significant decrease in short-term loans by 48.83%, totaling ¥291 million at the end of the period[44]. - Long-term loans increased by 120.59% to ¥2.25 billion, reflecting a strategic shift from short-term to long-term financing[45]. Store Operations and Expansion - The company opened 20 new supermarket stores in the first half of 2022, with a total area of 121,800 square meters, while closing 17 stores[23]. - There are 137 signed but unopened stores, with a total area of 994,700 square meters[23]. - The company has over 1,060 operational stores across 29 provinces and municipalities, covering more than 8 million square meters[19]. - The total area of stores across the country reached approximately 8.25 million square meters, with significant expansions in regions like Sichuan and Chongqing[29]. Legal and Compliance Issues - The company is involved in a rental contract dispute with a total claim amount of 15,970,300 RMB, which has not formed an expected liability[60]. - The company has a pending arbitration case regarding a rental contract with a claim for 10 million RMB in renovation subsidies, plus overdue penalties calculated at a daily rate of 0.05%[62]. - The company has faced multiple legal disputes related to rental agreements, impacting its operational stability and financial obligations[60][61][63]. - The company has initiated legal proceedings to recover losses from rental agreements, indicating ongoing challenges in its leasing operations[62]. - The company is currently awaiting the outcome of several legal proceedings that may affect its financial position and operational strategy[63]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 227,518[100]. - The largest shareholder, Milk Co., Ltd., holds 1,913,135,376 shares, accounting for 21.08% of total shares[101]. - The total number of shares outstanding is 9,075,036,993[98]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest holding being 21.08%[101]. Research and Development - Research and development expenses surged by 141.09% to approximately ¥243.64 million, compared to ¥101.06 million in the previous year[35]. - The company's investment in wealth management products increased from 326,204,366.55 RMB to 482,338,596.74 RMB, with a current period change of 156,134,230.19 RMB[48]. Cash Flow and Financial Management - The company's cash and cash equivalents decreased to ¥8.06 billion from ¥9.16 billion, a decline of about 12.0%[108]. - The company reported a total cash inflow from financing activities of ¥1.90 billion, a decrease from ¥15.97 billion in the previous year, indicating a decline of approximately 88%[123]. - The net cash flow from financing activities was -¥4.10 billion, compared to -¥968.56 million in the first half of 2021, indicating a worsening of cash flow by approximately 323%[124]. Taxation and Incentives - The main tax rates applicable include a 25% corporate income tax rate, with some subsidiaries benefiting from reduced rates of 15% or 0%[192][193]. - The group enjoys various tax incentives, including a 15% corporate income tax rate for certain subsidiaries under the Western Development Strategy until December 31, 2030[195]. Accounting Policies - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[135]. - The company recognizes revenue when control of goods or services is transferred to the customer, typically at the point of delivery[182]. - The company measures financial instruments' impairment using an expected credit loss model, which requires significant judgment and estimation based on historical repayment data and macroeconomic indicators[188].

Financial Performance - The total operating revenue for 2021 was approximately RMB 91.06 billion, a decrease of 2.29% compared to RMB 93.20 billion in 2020[15]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 3.94 billion, a decline of 319.78% from a profit of RMB 1.79 billion in 2020[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately RMB 3.83 billion, down 760.78% from a profit of RMB 580 million in 2020[15]. - The net cash flow from operating activities was approximately RMB 5.83 billion, a decrease of 5.09% from RMB 6.14 billion in 2020[15]. - The company reported a total revenue of 91.062 billion RMB in 2021, a decrease of 2.29% year-on-year[18]. - The net profit attributable to shareholders was -3.944 billion RMB, a decline of 319.78% compared to the previous year[18]. - Basic earnings per share were -0.43 RMB, reflecting a decrease of 326.32% year-on-year[18]. - The company's gross profit margin decreased by 2.38% due to a 1.12% increase in costs[42]. - The retail segment generated revenue of RMB 84.96 billion, a decrease of 2.11% year-on-year[42]. Assets and Liabilities - The total assets at the end of 2021 were approximately RMB 71.31 billion, an increase of 26.98% from RMB 56.16 billion at the end of 2020[17]. - The net assets attributable to shareholders of the listed company decreased to approximately RMB 10.66 billion, down 44.92% from RMB 19.35 billion at the end of 2020[17]. - The company has a total of CNY 24,826,561,091.82 in lease liabilities, representing 34.81% of total liabilities, due to remeasurement under new leasing standards[57]. - The company’s capital reserve decreased by 38.27% to CNY 4,276,144,811.80, influenced by stock cancellations and capital reductions[57]. - The company’s undistributed profits showed a significant loss of CNY 3,797,684,715.49, a 197.71% decrease due to adjustments from new leasing standards[57]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.2 per 10 shares, totaling approximately RMB 181.5 million, with a total cash distribution of approximately RMB 1.34 billion for the year[3]. - The cash dividend plan proposes to distribute 0.2 RMB per 10 shares to all shareholders, reflecting a commitment to maintain dividend continuity despite a loss in 2021[118]. - The company has maintained a cash dividend payout ratio of 83% of the net profit attributable to shareholders over the past three years[118]. - The company plans to implement a shareholder return plan for the next three years (2021-2023) as part of its strategic initiatives[82]. Store Operations and Expansion - The company opened 75 new Bravo stores and closed 14, with a total of 1,057 supermarket stores across 29 provinces and municipalities by the end of 2021[24]. - The company operates over 1,000 chain supermarkets across 29 provinces and 585 cities, with a total operating area exceeding 8 million square meters[35]. - The company has 159 signed but not yet opened stores, with a total reserve area of 1,119,600 square meters[60]. - The company plans to expand its presence in Chongqing, with 148 stores and an area of 1,072,997.28 square meters[65]. - The company is expanding its market presence, with plans to open 200 new stores across various regions in 2022[93]. Digital Transformation and Technology - The company completed the digital transformation of its offline stores, achieving a response time of less than 5 minutes for online failures and handling a peak traffic volume of 4 times during promotional periods[27]. - The company is focusing on digital transformation and enhancing core operational capabilities to adapt to increased online competition and customer flow loss in traditional retail[74]. - The company is investing heavily in R&D for new technologies, with a budget allocation of 324.5 million for innovation projects[90]. - The company has made substantial investments in technology to improve operational efficiency and customer experience[92]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a rental contract dispute, with a total claim amount of RMB 15,970,300[138]. - The company has faced challenges in executing the court's ruling, with the auction of the property involved in the dispute failing twice[138]. - The company is currently in the process of appealing a court decision regarding a rental contract dispute[141]. - The company is currently involved in multiple legal disputes, with total claims amounting to over CNY 5,175,612 across various cases[156]. Social Responsibility and Community Engagement - The company purchased nearly 600 million yuan worth of specialty products from key poverty alleviation counties in 2021[130]. - The company was awarded the title of "Advanced Collective in Poverty Alleviation" by Fujian Province in May 2021[130]. - The company is committed to fulfilling its social responsibilities and responding to national policies on poverty alleviation and rural revitalization[130]. Governance and Management Changes - Significant personnel changes included the resignation of CEO Li Guo and several other executives due to personal reasons or job transfers[99]. - The company appointed Mr. Li Songfeng as the new CEO, who possesses strong technical retail expertise and organizational skills[105]. - The company is undergoing a restructuring of its board, with new elections for the fifth board of directors and various committees[101]. - The company has appointed new independent directors and supervisors during the recent shareholder meetings, indicating a shift in governance[82]. Research and Development - Research and development expenses amounted to RMB 428.11 million, reflecting an increase in investment[38]. - The total R&D expenditure for the period amounted to ¥538,162,073.70, representing 0.59% of the operating revenue[49]. - The number of R&D personnel is 953, accounting for 0.83% of the total workforce[50]. Market Trends and Consumer Behavior - The retail sales of consumer goods in China reached 4.408 trillion yuan in 2021, growing by 12.5% year-on-year, with online retail sales increasing by 14.1%[34]. - User data showed a 20% increase in active customers, reaching 50 million by the end of 2021[93]. - The company reported a user base growth of 74% year-on-year, reflecting strong customer engagement and retention strategies[90]. Financial Audit and Reporting - The audit report issued by Ernst & Young Huaming is a standard unqualified opinion, ensuring the accuracy of the financial report[2]. - The company received a standard unqualified opinion on the effectiveness of its internal control over financial reporting as of December 31, 2021, from Ernst & Young Hua Ming LLP[126]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[196].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：601933 证券简称：永辉超市 永辉超市股份有限公司 2022 年第一季度报告 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 (一)公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 (二)公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 (三)第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (四)主要会计数据和财务指标 | --- | --- | --- | |--------------------------------|-------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度 (%) | | 营业收入 | 27,243,284,025.80 | 3 ...

Financial Performance - Net profit attributable to shareholders decreased by 98.51% to CNY 23.32 million, down from CNY 1.57 billion in the same period last year[4] - Operating revenue declined by 9.99% to CNY 26.33 billion, compared to CNY 29.26 billion in the previous year[4] - Net cash flow from operating activities decreased by 65.86% to CNY 1.44 billion, down from CNY 4.21 billion year-on-year[4] - The weighted average return on equity dropped by 7.49 percentage points to 0.15%[4] - Basic earnings per share fell to CNY 0.00, a decrease of 100% compared to CNY 0.17 in the previous year[4] - Diluted earnings per share also dropped to CNY 0.00, down from CNY 0.16 year-on-year[4] - The company reported a net profit warning for H1 2021, indicating possible losses compared to the previous year[18] - The company reported a substantial loss in investment income of RMB 29.84 million, a decline of 410.60% compared to an income of RMB 0.96 million in the previous year[11] - The total comprehensive income attributable to the parent company was ¥23,147,949.26 in Q1 2021, down from ¥1,567,867,669.20 in Q1 2020[26] - Net profit for Q1 2021 was a loss of ¥131,622,142.86, compared to a profit of ¥1,591,294,233.86 in Q1 2020[26] Assets and Liabilities - Total assets increased by 42.80% to CNY 80.19 billion compared to the end of the previous year[4] - Non-current assets totaled ¥49,301,269,835.03, up from ¥22,979,491,789.26, indicating a significant increase of about 114.5%[21] - Total liabilities rose to ¥64,027,261,603.14 compared to ¥35,764,781,167.48, marking an increase of around 79.0%[22] - The company’s long-term liabilities, including lease liabilities, were reported at 27,114,440,534.64 CNY[34] - The total liabilities amounted to approximately ¥35.76 billion, a significant increase from ¥30.46 billion in the previous year, reflecting a growth of about 17.5%[35] - Total equity attributable to shareholders reached approximately ¥19.35 billion, up from ¥15.84 billion, indicating a year-over-year increase of around 22.5%[35] Cash Flow - Cash flow from operating activities in Q1 2021 was 1,438,074,635.83 RMB, a decrease of about 65.9% compared to 4,212,728,644.70 RMB in Q1 2020[30] - The net cash flow from operating activities was -99,051,443.94 CNY, a significant decrease compared to 2,656,504,891.59 CNY in the previous year[32] - The company reported a total cash inflow from financing activities of 13,079,990,161.03 RMB in Q1 2021, compared to 3,117,832,909.64 RMB in Q1 2020, showing a significant increase[31] Shareholder Information - The total number of shareholders reached 263,788 at the end of the reporting period[7] - The largest shareholder, Dairy Company, holds 20.10% of the shares, totaling 1.91 billion shares[7] - Zhang Xuansong, a major shareholder, has 12.79% of the shares, amounting to 1.22 billion shares, with 407.52 million shares pledged[7] Operational Changes - The company opened 10 new supermarkets during the first quarter of 2021, while closing 86 mini stores, leaving a total of 70 mini stores remaining[12] - The company has expanded its home delivery service to over 1,000 stores, with significant sales growth in this segment[16] - The company anticipates a potential decline in revenue growth for H1 2021 compared to the same period last year due to various market pressures[18] Financial Standards and Changes - The company adopted the new leasing standards effective January 1, 2021, which impacted the financial statements but did not adjust comparative period information[36] - Deferred tax assets increased significantly to RMB 4,498.29 million, up 851.81% from RMB 472.61 million, due to the new leasing standards[10] - Financial expenses surged to RMB 389.40 million, a 357.59% increase from RMB 85.10 million, due to increased interest expenses from non-exempt leasing contracts[11]

Financial Performance - The company's operating revenue for the first half of 2020 reached ¥50.52 billion, representing a year-on-year increase of 22.68% compared to ¥41.18 billion in the same period last year[13]. - Net profit attributable to shareholders was ¥1.85 billion, up 35.36% from ¥1.37 billion in the previous year[13]. - The net cash flow from operating activities was ¥5.03 billion, a significant increase of 151.65% compared to ¥2.00 billion in the same period last year[13]. - Basic earnings per share increased to ¥0.19, reflecting a growth of 35.71% from ¥0.14 in the previous year[14]. - The company achieved total revenue of CNY 50.516 billion, a year-on-year increase of 22.68%, with same-store sales growth of 7.4%[21]. - The comprehensive gross margin improved to 22.37%, up 0.53% year-on-year, driven by an increase in gross margin for fresh and processed products to 14.95%[21]. - The company reported a total operating cost of ¥48.56 billion, which is a 22.0% increase from ¥39.80 billion in the first half of 2019[102]. - The company achieved a total profit of ¥2.29 billion, up from ¥1.59 billion in the first half of 2019, indicating a 43.9% growth[102]. Assets and Liabilities - The company's total assets amounted to ¥51.22 billion, a decrease of 2.15% from ¥52.35 billion at the end of the previous year[13]. - Cash and cash equivalents at the end of the period were ¥11,838,994,562.23, representing 23.11% of total assets, a 73.85% increase from the previous year[43]. - Short-term borrowings increased to ¥12,445,499,613.04, accounting for 24.30% of total liabilities, an increase of 83.28% year-over-year[43]. - The total current assets as of June 30, 2020, amounted to ¥30,024,641,495.25, a decrease from ¥31,066,176,404.96 on December 31, 2019, representing a decline of approximately 3.36%[96]. - The total liabilities decreased from ¥31,898,595,573.39 in December 2019 to ¥29,749,901,953.09 in June 2020, a decline of approximately 6.73%[98]. Store Expansion and Operations - During the reporting period, the company opened 31 new supermarket stores, bringing the total to 938 stores, with 254 stores in reserve[21]. - The company operates in 25 provinces and cities, with a total operating area exceeding 7.5 million square meters[18]. - The company has a total of 459 stores under the mini format, indicating a diversification in store formats[18]. - The company opened 19 new supermarket stores in the second quarter of 2020, expanding its market presence[27]. - The total number of new supermarket stores opened in the first half of 2020 was 31, contributing to overall growth[26]. Online Sales and Digital Initiatives - The company reported a significant increase in online retail sales, with physical goods online retail sales reaching CNY 4.3481 trillion, a growth of 14.3%[18]. - As of June 30, 2020, the company had 32.84 million members, with a monthly active user count of 7.72 million, and online sales reached 4.561 billion CNY, accounting for 9.71% of total revenue[29]. - The company's home delivery service through the Yonghui Life APP covered 852 stores, generating sales of 2.25 billion CNY, a year-on-year increase of 100%[29]. - The company established an online operations center to enhance its online business capabilities and improve marketing efficiency[29]. - The company focused on fresh produce in its online offerings, enhancing quality control across the supply chain[29]. Government Support and Subsidies - The company reported a significant increase in government subsidies, which contributed approximately ¥1.28 billion to other income compared to the previous year[15]. - The weighted average return on net assets rose to 8.89%, an increase of 2.09 percentage points from 6.80% in the previous year[15]. Legal and Compliance Issues - There are significant litigation and arbitration matters reported during the reporting period[56]. - The company is involved in a rental contract dispute with a total claim amount of 15,970,300 RMB, which includes a request for the return of a performance deposit of 1 million RMB and prepaid rental fees of 5 million RMB[57]. - The company has faced multiple legal disputes regarding rental agreements, with ongoing cases in various stages of litigation and arbitration[59]. - The company has been awarded a ruling for compensation of 3,762,000 RMB in a separate rental dispute, which is currently under appeal[59]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 131,800[85]. - The largest shareholder, Milk Limited, held 1,913,135,376 shares, accounting for 19.99% of the total[86]. - Zhang Xuansong, a major shareholder, held 1,407,250,222 shares, representing 14.7% of the total, with 357,520,000 shares pledged[86]. Financial Management and Strategy - The company plans to continue its focus on capital management and cost control to improve financial performance in the future[116]. - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[104]. - The company’s management has seen changes, with two vice presidents resigning during the reporting period, which may affect strategic direction[93]. Accounting and Reporting Standards - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring the financial statements reflect a true and complete view of its financial status[124]. - The financial statements are prepared based on the going concern assumption[123]. - The company’s accounting period runs from January 1 to December 31 each year[125].

Financial Performance - In 2019, Yonghui Superstores achieved a revenue of RMB 84.88 billion, representing a year-on-year increase of 20.36% compared to RMB 70.52 billion in 2018[22]. - The net profit attributable to shareholders of the listed company was RMB 1.56 billion, up 5.63% from RMB 1.48 billion in the previous year[22]. - The net profit after deducting non-recurring gains and losses was RMB 1.06 billion, an increase of 18.34% from RMB 896.95 million in 2018[22]. - The total assets of the company reached RMB 52.35 billion, reflecting a significant growth of 32.11% compared to RMB 39.63 billion in 2018[22]. - The basic earnings per share increased to RMB 0.16, a rise of 6.67% from RMB 0.15 in 2018[23]. - The company proposed a cash dividend of RMB 1.3 per 10 shares, totaling RMB 1.24 billion, which accounts for 79.11% of the net profit attributable to shareholders[6]. - The net cash flow from operating activities was RMB 416.33 million, a decrease of 76.36% from RMB 1.76 billion in 2018[22]. - The company reported a weighted average return on equity of 7.96%, slightly up from 7.89% in the previous year[23]. - The company’s net assets attributable to shareholders were RMB 20.11 billion, an increase of 3.88% from RMB 19.35 billion in 2018[22]. - The gross profit margin for the company was 21.56%, a decrease of 0.58% compared to the previous year[47]. Store Expansion and Operations - A total of 205 new stores were opened during the reporting period, with 244 new store contracts signed, bringing the total number of stores to 911 across 24 provinces[37]. - The company expanded its mini store format, opening 573 new mini stores while closing 44, covering 19 provinces[37]. - The company ranked 137th, 127th, and 106th in Deloitte's Global Retail Power Rankings for the years 2018 to 2020, indicating a significant improvement in its global standing[31]. - The company maintained profitability in most regions while continuing its expansion strategy in new provinces such as Gansu, Shandong, Qinghai, and Inner Mongolia[37]. - The number of newly opened large stores in 2019 was 205, covering an area of 1,255,100 square meters, with a total of 911 large stores operational nationwide[73]. Marketing and Customer Engagement - The company implemented targeted marketing strategies using big data to engage potential customers effectively[38]. - Online and offline sales reached RMB 3.51 billion, a year-on-year increase of 108%, accounting for 4.4% of total sales, up 2% year-on-year[39]. - The company signed a partnership with Australia's largest supermarket Woolworths, becoming the first retail channel for full-category sales in China[39]. - The number of registered customers for the cloud finance platform reached 392,900, with total payments of RMB 20.737 billion and a loan balance of RMB 4.4 billion, up 132% year-on-year[42]. Legal and Compliance Issues - 安徽永辉 is involved in a civil lawsuit with 商之都, claiming a total amount of 829,333.25 RMB for unpaid rent and damages[123]. - 河南永辉 is engaged in a legal dispute with 宏基公司 over a rental contract, with a claim amount of 2,416,000 RMB[124]. - 四川永辉 is pursuing legal action against 银龙 and 玉龙 companies for a total claim of 61.447 million RMB, including damages and rental fees[125]. - The ongoing legal disputes may impact 安徽永辉's and 河南永辉's operational performance and financial stability[123][124][125]. - The company is actively involved in litigation that could affect its market expansion and strategic decisions[123][124][125]. Investment and Future Outlook - The company plans to continue its expansion strategy with an estimated 20% increase in project launches for the upcoming year[81]. - The company plans to open 130 new stores in 2020 and aims to achieve online sales of 10 billion RMB, with an addition of millions of new app registered users[104]. - The company aims to enhance its supply chain by integrating a digital platform for food safety and consumer demand monitoring, establishing a comprehensive digital or IoT system[105]. - The company anticipates a positive outlook for 2020, driven by new store openings and strategic partnerships[85]. Social Responsibility and Community Engagement - The company established "Gansu Min County Yonghui Modern Agricultural Development Co., Ltd." with a total investment of CNY 20 million to promote local employment and agricultural development[181]. - The company provided CNY 2.15 million in funds and CNY 109.9927 million in material discounts for poverty alleviation efforts[183]. - The company was awarded the "Advanced Private Enterprise in the Precision Poverty Alleviation Action" by the Fujian Provincial United Front Work Department and the Fujian Provincial Federation of Industry and Commerce[184]. - The company plans to continue its "Precision Poverty Alleviation" efforts, focusing on agricultural development and creating job opportunities for local labor[184].

Financial Performance - Net profit attributable to shareholders was CNY 1.57 billion, representing a year-on-year increase of 39.47%[4] - Operating revenue for the period was CNY 29.26 billion, up 31.57% from the same period last year[4] - Basic earnings per share rose to CNY 0.17, reflecting a growth of 41.67% year-on-year[4] - The weighted average return on equity improved to 7.64%, an increase of 2 percentage points from the previous year[4] - The total revenue for the first quarter reached approximately CNY 27.51 billion, representing a year-on-year increase of 33.17%[16] - Net profit for Q1 2020 reached ¥1,591,294,233.86, representing a 41.1% increase from ¥1,128,142,097.15 in Q1 2019[27] - The company reported a profit margin of approximately 5.4% for Q1 2020, up from 5.1% in Q1 2019[27] - The company reported a total comprehensive income of ¥1,591,658,519.68 for Q1 2020, up from ¥1,126,976,256.30 in Q1 2019[28] Cash Flow - Net cash flow from operating activities increased significantly to CNY 4.21 billion, a 160.38% rise compared to the previous year[4] - In Q1 2020, the company reported a net cash flow from operating activities of CNY 4,212,728,644.70, a significant increase from CNY 1,617,906,293.30 in Q1 2019, representing a growth of approximately 160%[32] - The total cash inflow from operating activities was CNY 32,689,108,656.43, compared to CNY 25,402,849,004.49 in the same period last year, indicating a year-over-year increase of about 28.5%[31] - The company’s cash outflow for operating activities totaled CNY 28,476,380,011.73, up from CNY 23,784,942,711.19 in Q1 2019, reflecting an increase of approximately 19.5%[32] - Cash inflow from financing activities amounted to CNY 3,117,832,909.64, compared to CNY 1,201,095,606.00 in the previous year, marking a growth of about 159.5%[32] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 52.57 billion, an increase of 0.42% compared to the end of the previous year[4] - Current liabilities decreased to ¥30,069,915,801.05 from ¥31,487,031,174.51, a reduction of about 4.51%[20] - Total liabilities decreased to ¥30,502,045,704.56 from ¥31,898,595,573.39, a reduction of about 4.37%[20] - Total equity rose to ¥22,071,844,173.96 from ¥20,454,420,262.98, reflecting an increase of about 7.88%[21] - The company’s long-term equity investments amounted to approximately CNY 5.99 billion, slightly up from CNY 5.89 billion at the end of 2019[19] Shareholder Information - The total number of shareholders reached 106,391, indicating a broad base of investor interest[7] - The top shareholder, Milk Co., Ltd., holds 19.99% of the shares, while the second-largest shareholder, Zhang Xuansong, holds 14.70%[7] Operational Highlights - The company opened 16 new stores in Q1 2020, expanding its market presence across various regions[13] - The company’s six major operational districts were consolidated into seven, optimizing regional management[16] - The company signed 20 new projects, with a total leasing area of 107,000 square meters[14] - The home delivery business achieved sales of CNY 2.09 billion, a year-on-year growth of 230%, accounting for 7.3% of total revenue[17] Inventory and Costs - Inventory decreased by 30.64% to 855,479.65 from 1,233,339.46, due to reduced sales stock at the end of the period[10] - Operating costs rose by 31.36% to 2,257,464.50 from 1,718,536.36, attributed to increased sales[11] - The company reported a significant inventory level of CNY 12,333,394,618.37, which may impact future cash flow[35]