Financial Performance - The company's operating revenue for 2019 was approximately ¥1.90 billion, representing a 5.26% increase from ¥1.80 billion in 2018[29]. - The net profit attributable to shareholders for 2019 was approximately ¥15.28 million, a significant increase of 160.80% compared to ¥5.86 million in 2018[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥8.92 million, showing a remarkable increase of 2,456.99% from ¥0.35 million in 2018[29]. - Basic earnings per share increased by 180.00% to CNY 0.14 in 2019 from CNY 0.05 in 2018[32]. - The company reported a net cash flow from operating activities of CNY 80,043,269.54 in 2019, a significant recovery from a negative cash flow of CNY -6,469,229.97 in 2018[37]. - The operating cost for 2019 was 1.520 billion RMB, reflecting a year-on-year increase of 4.99%[60]. - The total operating cost for the company in the reporting period was CNY 1,511,564,277.56, representing a year-on-year increase of 4.91%[67]. - The company’s net profit margin for 2019 was approximately 0.8%, reflecting the challenges faced in the retail sector[146]. Assets and Liabilities - As of the end of 2019, the total assets of the company were approximately ¥1.83 billion, reflecting a 5.56% increase from ¥1.74 billion at the end of 2018[31]. - The company's net assets attributable to shareholders at the end of 2019 were approximately ¥619.90 million, a 2.72% increase from ¥603.48 million at the end of 2018[29]. - The total amount of accounts receivable decreased by 43.09% to CNY 11,321,595.17, reflecting improved collection efficiency[75]. - The company’s total restricted assets amounted to CNY 888,650,248.03, primarily due to collateral for loans[78]. - The company’s total liabilities increased, with bank borrowings and customer advances contributing to the rise[77]. Operational Efficiency - The company has established a logistics and warehousing base to support its self-operated retail model, enhancing operational efficiency[44]. - The company has established a robust logistics system with three mature logistics centers, ensuring efficient distribution across multiple regions[51]. - The logistics center warehouses have a total storage area of approximately 43,550 square meters, with the main warehouse accounting for 75.27% and the sub-centers for 24.73%[110]. - The company reported a significant decline in sales for the home appliance segment, with a drop of 7.27% year-on-year, attributed to market conditions and online competition[106]. Market and Expansion Strategy - The company expanded its store network by adding 9 new stores during the reporting period, contributing to overall efficiency improvement[53]. - The company plans to open 15 new supermarket stores in 2020 to expand its operational scale and enhance competitive advantages[142]. - The company aims to leverage its core organizational capabilities to create customer-centric solutions, seeking internal growth opportunities through enhanced product and service experiences[86]. - The company is focusing on optimizing its organizational structure and performance evaluation system to enhance operational efficiency[131]. Risk Management - The company has disclosed potential risks in its operations, which investors should be aware of[9]. - The company recognizes the risks associated with its self-operated business model, including high inventory risk and significant capital occupation[134]. - The company faces significant risks from intense regional market competition and the impact of e-commerce on traditional retail[135]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm Rongcheng[6]. - The company emphasizes the importance of accurate and complete financial reporting, with management taking responsibility for the report's content[4]. - The company maintains a good integrity status for itself and its controlling shareholders during the reporting period[171]. - The company has been recognized as a national key retail enterprise in Anhui Province, emphasizing its commitment to social responsibility and community service[177]. Community Engagement and Social Responsibility - The company actively engages in community service, including donations to impoverished students and support for vulnerable groups[182]. - The company has absorbed over 1,000 young individuals and more than 300 laid-off workers into its workforce, demonstrating commitment to social responsibility[182]. - The company has implemented a comprehensive safety management system to ensure a secure shopping environment for consumers[182]. Shareholder Information - The total number of ordinary shareholders increased from 5,159 to 7,870 during the reporting period, indicating growing investor interest[188]. - The controlling shareholder and actual controller, Mr. Chen Xuegao, committed not to transfer or entrust others to manage shares held before the company's IPO for 36 months from the date of listing[150]. - The report confirms that there are no other significant changes in the actual controller's situation during the reporting period[199].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥10,981,215.42, representing a growth of 22.03% year-on-year[18]. - Operating income for the first nine months was ¥1,427,013,665.10, reflecting a year-on-year increase of 3.88%[18]. - Basic earnings per share increased by 25.00% to ¥0.10 compared to the same period last year[21]. - Total operating revenue for Q3 2019 was CNY 496,300,811.14, an increase of 8.0% compared to CNY 459,400,787.54 in Q3 2018[50]. - Net profit attributable to shareholders for Q3 2019 was CNY -439,455.57, compared to CNY -2,373,249.80 in Q3 2018, showing an improvement[56]. - Total operating income for the first three quarters of 2019 was ¥589,448,640.44, up from ¥550,688,850.29 in the same period of 2018, reflecting a growth of 7%[62]. Cash Flow - Net cash flow from operating activities increased by 80.31% to ¥114,238,667.00 compared to the same period last year[18]. - The company reported a net cash flow from financing activities of RMB 48,841,008.83, a significant turnaround from a negative cash flow of RMB -55,019,449.02[32]. - Cash inflow from financing activities totaled 563,498,000.00 RMB, up from 278,000,000.00 RMB in the prior period, indicating a strong increase in financing[70]. - The total cash inflow from operating activities for the first three quarters of 2019 was ¥1,641,817,362.00, compared to ¥1,588,783,579.49 in the same period of 2018[67]. - The net cash flow from operating activities was 27,345,102.55 RMB, a recovery from a loss of -12,014,206.10 RMB in the previous year[74]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,845,786,064.05, an increase of 6.25% compared to the previous year-end[18]. - Total liabilities reached ¥3,123,684,071.10, an increase from ¥2,648,711,483.16, indicating a growth of approximately 17.9%[48]. - Current liabilities totaled ¥3,119,432,197.88, compared to ¥2,644,352,013.49, reflecting an increase of about 17.9%[48]. - Total assets increased to ¥3,491,446,694.86, up from ¥3,021,756,535.24, representing a growth of approximately 15.6% year-over-year[48]. - The company reported cash and cash equivalents of ¥63,343,664.59 and accounts receivable of ¥534,374,431.61[84]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,705[27]. - The largest shareholder, Chen Xuegao, holds 51.37% of the shares, with 44,500,000 shares pledged[27]. - Total equity attributable to shareholders increased to ¥614,458,885.86 from ¥603,477,670.44, a growth of approximately 1.6%[48]. Investment and Expenses - Cash paid for the acquisition of fixed assets surged by 396.54% to RMB 140,720,219.98 from RMB 28,340,061.78, primarily for property payments[32]. - Financial expenses increased by 52.44% to RMB 23,130,540.44 from RMB 15,174,020.47, resulting from increased bank borrowings[32]. - Research and development expenses were not explicitly detailed but are part of the overall operating costs[50]. Other Financial Metrics - The weighted average return on net assets rose to 1.80%, an increase of 0.32 percentage points[21]. - The company received government subsidies amounting to ¥2,594,471.06 during the reporting period[22]. - The company recorded other income of CNY 1,941,597.06 in Q3 2019, down from CNY 3,274,907.75 in Q3 2018[54]. - The company reported a decrease in tax and additional charges, totaling ¥1,881,281.91 in Q3 2019, up from ¥1,407,429.47 in Q3 2018[62]. Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific details were not provided in the report[50].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 930,712,853.96, representing a 1.80% increase compared to CNY 914,247,890.63 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 11,420,670.99, a slight increase of 0.427% from CNY 11,372,107.42 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 10,494,393.55, which is a 10.83% increase from CNY 9,468,563.64 in the previous year[20]. - The net cash flow from operating activities was CNY 73,574,039.57, a significant improvement from a negative CNY 2,807,830.94 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 1,796,312,876.75, reflecting a 3.40% increase from CNY 1,737,282,625.29 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased to CNY 614,898,341.43, up 1.89% from CNY 603,477,670.44 at the end of the previous year[20]. - The basic earnings per share remained stable at CNY 0.10, unchanged from the same period last year[20]. - The diluted earnings per share also remained at CNY 0.10, consistent with the previous year[20]. - The weighted average return on net assets increased to 1.87%, up from 1.85% year-on-year[20]. Retail Operations - The company operates 52 retail outlets, with a total operating area of 198,100 square meters as of June 30, 2019[27]. - The company's self-operated retail model generated revenue of 746.52 million RMB with a gross margin of 19.71%[27]. - The total revenue for the company during the reporting period was 930.71 million RMB, with a total cost of goods sold amounting to 740.95 million RMB, resulting in an overall gross margin of 20.39%[27]. - The retail sales growth rate in urban areas was 8.3%, while rural areas saw a growth rate of 9.1% in the first half of 2019[29]. - The company is recognized as the largest department store chain in central Anhui and is among the top ten supported commercial enterprises in the province[27]. - The company has expanded its business model to include self-operated, joint-operated, and leasing modes, with self-operated being the primary focus[28]. - The company is focusing on expanding its retail business in third and fourth-tier markets, enhancing its store network and local market presence[36]. - The company is actively developing its private label products, which include clothing, bedding, and alcoholic beverages, to improve profit margins[36]. - The company continues to strengthen its core retail business and accelerate its chain operation layout, maintaining stable development[32]. Financial Management - Sales expenses decreased by 0.92% to 123.13 million yuan due to enhanced cost control measures[38]. - Management expenses fell by 4.53% to 24.88 million yuan, reflecting improved expense management[38]. - Financial expenses increased significantly by 57.68% to 15.66 million yuan, primarily due to increased bank borrowings[39]. - The company reported cash payments for fixed assets, intangible assets, and other long-term assets amounting to ¥119,976,141.66, primarily due to payments for the Lujiang Shopping Center property[43]. - Cash received from borrowings increased to ¥383,000,000.00, a rise of 118.86% compared to the previous period, mainly due to an increase in bank loans[43]. - Cash repayments of debts totaled ¥303,000,000.00, reflecting a 51.50% increase from the previous period, attributed to the repayment of maturing bank loans[43]. - The company's cash and cash equivalents reached ¥172,566,876.75, representing 9.61% of total assets, a 101.88% increase from the previous period[43]. - Accounts receivable increased by 69.70% to ¥13,588,251.18, due to an increase in sales receivables from customers[43]. - Other receivables decreased by 46.29% to ¥10,685,308.34, primarily due to the repayment of loans from a non-related party[43]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period[58]. - The company has committed to not transferring or entrusting shares held by major shareholders for 36 months post-IPO, with an automatic extension of the lock-up period under certain conditions[60]. - The company’s major shareholders have committed to not reducing their holdings below the IPO price during the specified lock-up period[63]. - As of the end of the reporting period, the total number of common shareholders was 9,279[89]. - The largest shareholder, Chen Xuegao, holds 51.37% of the shares, with 44,500,000 shares pledged[89]. - The second-largest shareholder, Foshan Senyang Yinrui Investment Center, holds 7.50% of the shares[89]. - The total amount of restricted shares held by Chen Xuegao is 56,138,040, which will become tradable on August 22, 2019[92]. Accounting and Compliance - The company has not made any significant changes to accounting policies or estimates during the reporting period[85]. - The company implemented new financial instrument standards starting January 1, 2019, affecting asset classification and measurement[85]. - The new financial instrument standards introduced a shift from "incurred loss" to "expected credit loss" model for asset impairment[85]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[172]. - The accounting period for the company runs from January 1 to December 31 each year[173]. - The company's normal operating cycle is one year[176]. - The company's accounting currency is Renminbi (RMB)[177]. Legal and Regulatory Matters - There are no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[76]. - The integrity status of the company and its major shareholders remains good, with no significant debts or court judgments unfulfilled during the reporting period[76]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[79]. - There are no significant related party transactions reported in the company's daily operations[80]. - The company has not engaged in any asset acquisitions or equity purchases that would require disclosure of performance commitments during the reporting period[80]. Investment and Subsidiaries - The company holds a 10% stake in Chao Lake Guoyuan Microfinance Co., with an initial investment of CNY 10 million and a current book value of CNY 10 million, reporting a profit of CNY 2,188,397.43 during the reporting period[52]. - The company has a 20% stake in Chao Lake Hesheng Smart Agricultural Market Construction Co., with an initial investment of CNY 10 million, maintaining a book value of CNY 10 million, but reporting a loss of CNY 50,000.77 in the reporting period[52]. - The company operates multiple subsidiaries, all of which are 100% owned, including Wuwei Andeli Shopping Center and Chao Lake Andeli Shopping Center[167]. - The company has expanded its consolidation scope by adding a new subsidiary, Hushan Andeli, compared to the previous period[168].

证券代码：603031 股票简称：安德利 编号：2019-023 安徽安德利百货股份有限公司 关于参加 2019 年安徽上市公司投资者集体接待日 活动公告 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，安徽安德利百货股份有限公司（以 下简称"公司"）将于 2019 年 6 月 3 日（星期一）参加由安徽上市公司协会 与深圳市全景网络有限公司联合举办的"2019 年安徽上市公司投资者集体接待 日活动"，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 络平台，采取网络远程的方式进行，投资者可以登录"全景·路演天下" （http://rs.p5w.net/）参与本次投资者网上集体接待日活动，活动时间为 2019 年 6 月 3 日（星期一）下午 14:00 至 17:30。 届时公司董事会秘书王成先生和财务总监周元灿先生将通过网络在线形式 与投资者就公司经营情况、发展战略、公司治理等投资者关心的问题进行沟通、 交流，同时广泛听取投资者的意见和建议。 ...

Financial Performance - Operating revenue for 2018 was CNY 1,802,943,649.73, an increase of 5.73% compared to CNY 1,705,295,507.73 in 2017[26]. - Net profit attributable to shareholders was CNY 5,858,206.36, a decrease of 84.85% from CNY 38,670,427.43 in the previous year[26]. - Basic earnings per share dropped to CNY 0.05, down 89.58% from CNY 0.48 in 2017[27]. - Total assets increased by 9.61% to CNY 1,737,282,625.29 from CNY 1,584,936,939.34 in 2017[26]. - The weighted average return on equity decreased to 0.97%, down 5.52 percentage points from 6.49% in 2017[29]. - Cash flow from operating activities was CNY 137,530,542.86, a decrease of 3.03% compared to CNY 141,827,042.85 in 2017[26]. - The net profit for Q4 2018 was CNY -3,140,651.26, indicating a significant decline compared to previous quarters[31]. - The company's net assets attributable to shareholders at the end of 2018 were CNY 603,477,670.44, a decrease of 1.01% from CNY 609,619,464.08 in 2017[26]. - The diluted earnings per share for 2018 was CNY 0.05, reflecting a significant decline from CNY 0.48 in 2017[29]. - The company achieved a revenue of 1.803 billion yuan in 2018, representing a year-on-year growth of 5.73%[41]. - The net profit attributable to shareholders was 5.8582 million yuan, a decrease of 84.85% compared to the previous year[41]. Operational Highlights - Over 80% of the company's revenue came from its self-operated business model, which is more aligned with the consumption characteristics of county and rural markets[41]. - The company operates 48 retail outlets, with a total operating area of 195,800 square meters as of the end of 2018[40]. - The gross profit margin for the self-operated model was 18.73%, while the leasing model achieved a significantly higher gross profit margin of 71.51%[40]. - The company has established three logistics centers in the region, enhancing its distribution capabilities and supporting rapid store expansion[45]. - The company operates a total of 27 stores with a total area of 15.02 million square meters in self-owned properties and 35 stores in leased properties with an area of 4.56 million square meters[82]. - The company has a significant number of leased properties, with lease terms ranging from 6 to 15 years, ensuring stability in operations[89]. - The company has focused on upgrading store experiences and innovating marketing methods to adapt to the evolving retail landscape[99]. Market Trends - The retail market in China saw a total social retail sales of 38.0987 trillion yuan in 2018, growing by 9.0% year-on-year[41]. - The online retail sales in China grew by 23.9% in 2018, indicating a shift in consumer purchasing behavior towards e-commerce[41]. - The retail industry is experiencing accelerated sales growth and the emergence of new retail formats, driven by technology and consumer demand[120]. - The overall consumer market is expected to maintain stable growth, providing opportunities for the company to expand its market share[120]. Strategic Initiatives - The company is actively building an online and offline integration model, collaborating with major e-commerce platforms to expand sales channels and enhance customer engagement[50]. - The company plans to significantly increase online sales in the future, following the relocation of its e-commerce headquarters to Hefei[50]. - The company aims to maintain its leading position in the Anhui region by focusing on self-operated sales models and expanding into e-commerce and private label products[121]. - The company is exploring potential mergers and acquisitions to accelerate growth and market presence[199]. Corporate Governance - The company received a standard unqualified audit report from Huapu Tianjian Accounting Firm[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible personnel[6]. - The company’s board of directors and supervisory board members were all present at the board meeting[5]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has no major litigation or arbitration matters during the reporting period[151]. - The integrity status of the company and its controlling shareholders is reported to be good during the reporting period[153]. Shareholder Information - The total number of ordinary shares increased from 80,000,000 to 112,000,000 due to a capital reserve conversion of 32,000,000 shares, representing a 40% increase[174]. - The number of restricted shares held by Chen Xuegao increased by 16,039,440, bringing the total to 56,138,040, which is 50.12% of the total shares[174]. - The total number of shareholders increased from 10,281 to 12,393 during the reporting period, indicating a growth in shareholder base[175]. - Chen Xuegao holds 51.37% of the shares, with 42,080,000 shares pledged[178]. - The company has no foreign shareholding, with all shares held by domestic investors[174]. Social Responsibility - The company actively engages in social welfare initiatives, supporting impoverished students and providing assistance to vulnerable groups, reflecting a commitment to corporate social responsibility[165]. - The company provides comprehensive employee benefits, including pension, medical, unemployment, and work injury insurance, and prioritizes hiring laid-off workers and those from rural areas[165].

2019 年第一季度报告 公司代码：603031 公司简称：安德利 安徽安德利百货股份有限公司 2019 年第一季度报告 1 / 19 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2019 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈学高、主管会计工作负责人周元灿及会计机构负责人（会计主管人员）钱元报 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...

Financial Performance - Operating revenue for the first nine months was CNY 1,373,648,678.17, an increase of 9.63% year-on-year[6] - Net profit attributable to shareholders was CNY 8,998,857.62, a decrease of 62.34% compared to the same period last year[6] - Basic earnings per share for the reporting period was CNY 0.08, a decline of 61.90% compared to the previous year[7] - Total revenue for the third quarter reached ¥459,400,787.54, an increase of 10.2% compared to ¥416,776,188.21 in the same period last year[24] - Year-to-date revenue for the first nine months was ¥1,373,648,678.17, up from ¥1,252,944,258.30, reflecting a growth of 9.6%[24] - The net profit for Q3 2018 was a loss of ¥2,662,722.23, compared to a profit of ¥943,702.17 in Q3 2017, indicating a significant decline[29] - The total profit for the first nine months of 2018 was ¥1,928,914.89, down from ¥16,095,844.17 in the same period last year, reflecting a decrease of approximately 88%[29] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 63,355,597.97, down 27.18% year-on-year[6] - Cash flow from operating activities for the first nine months of 2018 totaled approximately ¥607.04 million, compared to ¥512.49 million in the same period of 2017, reflecting a growth of 18.5%[35] - Operating cash inflow for Q3 2018 was approximately ¥1.59 billion, an increase from ¥1.48 billion in Q3 2017, representing a growth of 7.0%[32] - Net cash flow from operating activities for the first nine months of 2018 was negative at approximately ¥12 million, compared to a positive cash flow of ¥73.64 million in the same period of 2017[35] - Total cash outflow from investing activities in Q3 2018 was approximately ¥86.73 million, a decrease from ¥185.35 million in Q3 2017[36] - The company reported a net cash flow from investing activities of approximately ¥10.50 million in Q3 2018, a significant improvement from a negative cash flow of ¥101.02 million in Q3 2017[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,522,385,653.67, a decrease of 3.95% compared to the end of the previous year[6] - Total assets decreased from ¥1,584,936,939.34 to ¥1,522,385,653.67, reflecting a decline of 3.93%[17] - The total liabilities decreased from ¥975,317,475.26 to ¥915,767,331.97, a reduction of 6.11%[18] - Current assets totaled ¥2,227,792,579.56, up from ¥2,070,722,751.87 at the start of the year, representing a growth of 7.6%[21] - The company's equity increased by 4.9% to ¥606,618,321.70 from ¥609,619,464.08, primarily due to capital reserve transfers[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,303[10] - The largest shareholder, Chen Xuegao, held 51.37% of the shares, with 34,993,470 shares pledged[10] Other Income and Expenses - The company reported a total of CNY 4,281,747.41 in non-recurring gains and losses for the first nine months[9] - Other income increased by 63.93% to ¥5,812,966.12 from ¥3,546,079.75, mainly due to an increase in government subsidies received[12] - The company's sales expenses increased to ¥22,297,885.80 in Q3 2018, up 43.9% from ¥15,481,633.11 in Q3 2017[29] - The company reported a 100% decrease in investment income, with no income received in the current period compared to ¥635,616.44 in the previous year[12] Accounts Receivable and Payable - Accounts receivable increased by 143.80% to ¥15,348,852.58 compared to ¥6,295,759.36 at the beginning of the year, primarily due to an increase in customer receivables[12] - Other receivables rose by 40.71% to ¥11,883,663.42 from ¥8,445,395.23, mainly due to an increase in deposits[12] - The company reported a significant increase in accounts receivable, which rose to ¥3,170,682.42 from ¥1,015,880.14, marking a growth of 212.5%[20] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company has not reported any new product launches or significant market expansion strategies in the current quarter[30]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥914,247,890.63, representing a 9.34% increase compared to ¥836,168,070.09 in the same period last year[17]. - The net profit attributable to shareholders decreased by 39.36% to ¥11,372,107.42 from ¥18,753,534.71 year-on-year[17]. - The net cash flow from operating activities was negative at -¥2,807,830.94, a decline of 106.47% compared to ¥43,387,670.16 in the previous year[17]. - The total assets decreased by 6.79% to ¥1,477,337,264.05 from ¥1,584,936,939.34 at the end of the previous year[17]. - The basic earnings per share dropped by 41.18% to ¥0.10 from ¥0.17 in the same period last year[18]. - The weighted average return on net assets decreased by 1.32 percentage points to 1.85% from 3.17% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥9,468,563.64, down 46.33% from ¥17,642,463.36 in the previous year[17]. - The diluted earnings per share also fell by 41.18% to ¥0.10 from ¥0.17 year-on-year[18]. Revenue and Costs - Operating costs increased by 9.51% to ¥729,093,879.01 from ¥665,750,629.19, driven by sales growth[34]. - Sales expenses rose by 17.91% to ¥124,272,864.92, attributed to increased labor costs, utilities, and rental expenses from new store openings[34]. - Management expenses increased by 22.95% to ¥26,059,970.55, also due to higher labor costs and depreciation from new stores[34]. - Total operating costs for the first half of 2018 were CNY 901,472,698.87, up from CNY 813,180,964.90, reflecting a year-on-year increase of 10.8%[98]. Market Position and Strategy - The company operates 46 stores, with a total operating area of 192,000 square meters as of June 30, 2018[23]. - The company is focusing on expanding its supermarket chain and enhancing overall store efficiency to maintain its leading position in the regional market[28]. - The company plans to enhance its brand image by establishing a flagship presence in Hefei and aims to unify procurement and distribution to reduce costs[29]. - The company is exploring new business technologies and standards, including internet technology, to transform from a grassroots enterprise to a modern enterprise[29]. - The company aims to implement a dual-driven strategy of "real economy + capital" to expand its activities in the capital market[29]. Subsidiaries and Investments - The company invested a total of RMB 10 million in equity investment, acquiring a 10% stake in Chaohu Guoyuan Microfinance Co., Ltd.[48]. - The company’s subsidiary, Chaohu Andeli, reported total assets of RMB 169.31 million and a net profit of RMB 441.38 thousand[51]. - The company’s subsidiary, He County Andeli, reported total assets of RMB 46.98 million and a net profit of RMB 320.44 thousand[51]. - The company’s subsidiary, Wuwei Andeli, reported total assets of RMB 154.96 million and a net profit of RMB 37.33 thousand[51]. Financial Risks and Challenges - The company faces risks related to its self-operated business model, macroeconomic fluctuations, and intense market competition[53]. - The company faces rising cost risks due to expansion into new markets and the integration of new technologies, necessitating stricter cost control measures[55]. - The company emphasizes the need for effective marketing plans to enhance brand recognition in new regions and to compete with local retailers[55]. Shareholder Information - The company reported a total of 112 million shares outstanding after the recent share issuance, increasing from 80 million shares[73]. - The largest shareholder, Chen Xuegao, holds 57,539,996 shares, representing 51.37% of total shares, with 56,138,040 shares under pledge[78]. - Chen Xuegao increased his holdings by 16,790,461 shares during the reporting period[85]. - The company plans to implement a share lock-up period of 36 months for newly issued shares from Chen Xuegao, effective from August 22, 2019[81]. Corporate Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[64]. - The company has retained the auditing firm Zhonghua CPA for the 2018 fiscal year without any changes[64]. - There were no significant related party transactions reported during the period[68]. - The integrity status of the company and its major shareholders remains good, with no significant debts or court judgments outstanding[64]. Accounting Policies - The financial statements are prepared based on the principles of continuous operation and comply with the relevant accounting standards[126]. - The company has implemented specific accounting policies and estimates related to accounts receivable, inventory, and revenue recognition[125]. - The company recognizes impairment for available-for-sale financial assets when the fair value declines by 50% or more, or if the decline persists for over 12 months[170]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 42.56% to ¥97,745,688.92, primarily due to a reduction in bank acceptance bill guarantees[40]. - The net cash flow from operating activities decreased by 106.47% to -¥2,807,830.94, primarily due to increased cash payments for goods and services[35]. - Cash inflow from financing activities was CNY 175,000,000.00, slightly down from CNY 180,000,000.00 in the previous year[105].

2018 年第一季度报告 公司代码：603031 公司简称：安德利 安徽安德利百货股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 7 | 2018 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,470,795,104.30 1,584,936,939.34 -7.20 归属于上市公司 股东的净资产 615,211,880.29 609,619,464.08 0.92 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -5,434,195.68 55,037,624.91 -109.87 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 532,427,997.28 ...

Financial Performance - The company achieved a total operating revenue of ¥1,705,295,507.73 in 2017, representing a year-on-year increase of 10.69% compared to ¥1,540,605,859.43 in 2016[21]. - The net profit attributable to shareholders of the listed company was ¥38,670,427.43, a decrease of 15.10% from ¥45,549,306.21 in the previous year[21]. - The company reported a net profit of ¥33,506,786.21 attributable to shareholders in 2017, down 12.97% from ¥38,499,679.16 in 2016[21]. - The basic earnings per share decreased to 0.48 RMB, down 29.41% from 0.68 RMB in 2016[23]. - The weighted average return on equity was 6.49%, a decrease of 4.23 percentage points from 10.72% in 2016[23]. - The overall gross profit margin decreased by 0.83 percentage points to 17.60% in 2017[46]. - The company reported a net profit of ¥59,040,490.50, compared to ¥53,499,814.63, indicating an increase of about 10.4%[191]. - The total operating costs amounted to ¥1,661,119,775.75, up 11.5% from ¥1,489,965,194.58 in the prior period[192]. Shareholder Returns - The company proposed a cash dividend of ¥1.5 per 10 shares, totaling ¥12,000,000.00, and a capital reserve increase of 4 shares for every 10 shares held, resulting in an increase of 32,000,000 shares[5]. - The total distributable profit available to shareholders at the end of 2017 was ¥276,679,069.04 after accounting for the legal surplus reserve[5]. - In 2017, the net profit attributable to ordinary shareholders was 38,670,427.43 RMB, with a dividend payout ratio of 31%[104]. Operational Highlights - The company operated 46 stores with a total operating area of 190,700 square meters by the end of 2017[29]. - The self-operated business model accounted for over 80% of the company's revenue, with a gross margin of 19.44%[30]. - The company opened a new shopping center in Lujiang County, covering 28,000 square meters, enhancing customer experience and service[38]. - The company launched new private label products, including sports shoes and fashion apparel, significantly increasing sales in this category[39]. - The company is actively pursuing a new retail model, integrating online platforms with physical stores to enhance customer reach[39]. Market and Industry Trends - The retail industry in China saw a 10.2% growth in total retail sales of consumer goods in 2017, although the growth rate decreased by 0.2 percentage points from 2016[31]. - The retail market is expected to maintain stable and rapid growth due to rising urbanization and improved social security systems[70]. - The retail industry is experiencing a recovery, with a 4.60% year-on-year sales growth among 2,700 monitored retail enterprises, indicating a positive market trend[94]. Financial Management and Audit - The company’s financial report received a standard unqualified audit opinion from Zhonghua Certified Public Accountants[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not encountered any significant accounting errors during the reporting period[111]. - The audit report confirmed that there were no significant misstatements in the financial statements, ensuring a high level of assurance for stakeholders[181]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, which investors should be aware of[8]. - The company faces risks related to its self-operated business model, macroeconomic fluctuations, and intense market competition from both domestic and foreign retailers[98]. Employee and Social Responsibility - The company prioritizes employee and social interests, ensuring that employee welfare is paramount to customer satisfaction[123]. - The company has actively participated in social welfare initiatives, including supporting impoverished students and disaster relief efforts[125]. - The company has absorbed over 300 laid-off workers and more than 700 young people into employment in recent years[124]. Governance and Management - The company has a total of 60,000,000 shares issued, with 19,901,400 shares currently in circulation[132]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[160]. - The company maintains a strong leadership team with extensive backgrounds in finance and management, contributing to strategic decision-making[152]. - The company has established a performance evaluation mechanism for senior management, linking compensation closely to operational performance[167].