Financial Performance - The company's operating revenue for 2019 was approximately RMB 4.40 billion, representing a year-on-year increase of 21.49% compared to RMB 3.62 billion in 2018[22]. - The net profit attributable to shareholders decreased by 60.41% to approximately RMB 27.77 million from RMB 70.16 million in the previous year[22]. - The net profit after deducting non-recurring gains and losses was approximately RMB 15.34 million, down 49.90% from RMB 30.61 million in 2018[22]. - The net cash flow from operating activities surged to approximately RMB 433.85 million, a significant increase of 3,092.17% compared to RMB 13.59 million in 2018[22]. - The total assets of the company decreased by 8.38% to approximately RMB 3.81 billion from RMB 4.16 billion in 2018[22]. - The company's net assets attributable to shareholders increased by 3.05% to approximately RMB 1.38 billion from RMB 1.34 billion in 2018[22]. - Basic earnings per share dropped by 67.91% to RMB 0.0938 from RMB 0.2923 in the previous year[23]. - The weighted average return on equity decreased to 2.03%, down 3.29 percentage points from 5.32% in 2018[24]. - The total revenue for the main business in 2019 was CNY 440,325.90 million, with a gross margin of 18.32%, up from 17.19% in 2018[33]. - The company reported non-recurring gains of CNY 12,434,889.88 in 2019, compared to CNY 39,542,683.37 in 2018[28]. - The company reported a significant increase in cash received from operating activities, totaling CNY 5,170,974,471.93, up 22.26% year-on-year[57]. - The total cost of goods sold was CNY 3,596,381,888.15, reflecting a year-on-year increase of 19.83%[50]. - The company reported a net profit margin of 12% for the fiscal year, which is an improvement compared to the previous year's margin of 10%[174]. Business Operations - The company expanded its business model to include health food products, investing in a biotechnology company during the reporting period[31]. - The company operates 6 department stores, 3 shopping centers, and 12 supermarkets, covering a total area of 480,000 square meters in Xinjiang[31]. - The self-operated business model contributed CNY 21,742.85 million in revenue, with a gross margin of 8.99% in 2019[33]. - The company is actively exploring the health food industry to create new growth points in response to rising consumer health awareness[39]. - The company continues to deepen its market presence in Xinjiang, adapting its business strategies to enhance competitiveness amid increasing local retail competition[41]. - The company plans to invest approximately 65 million RMB in store renovations and upgrades in 2020 to enhance overall property quality[89]. - The company aims to strengthen its market position in Xinjiang while exploring new development areas and enhancing its supply chain and logistics systems[78]. - The company is focusing on integrating online and offline marketing channels and utilizing IP embedding as a new marketing strategy[80]. - The company is transitioning its business model to achieve deep integration of online and offline operations, leveraging internet economy advantages[89]. Shareholder and Governance - The controlling shareholder, Pan Jinhai, committed not to transfer or entrust the management of shares for 36 months from the date of the company's stock listing[90]. - Shareholders are restricted from transferring more than 25% of their shares during their tenure and for six months after leaving the company[90]. - The company’s controlling shareholder pledged to submit a written plan for stock repurchase within 10 trading days if the stock price stabilization obligation is triggered, with a total repurchase amount not less than 30 million yuan[92]. - The company has promised to compensate investors for losses caused by false statements or omissions in the prospectus, with joint liability from major stakeholders[96]. - The company will avoid any direct or indirect competition with other businesses controlled by major stakeholders, ensuring priority for business opportunities[98]. - The company has established a framework to manage and disclose any potential conflicts of interest among its executives[98]. - The company will bear any costs or losses arising from creditor claims related to the separation of its logistics business[98]. - The company has established a loan approval committee to strengthen oversight of its lending practices, ensuring compliance with internal regulations[130]. - The company is committed to improving its governance capabilities and operational standards to protect shareholder rights and promote sustainable development[131]. Legal and Compliance Issues - The company received an administrative regulatory decision from the China Securities Regulatory Commission on April 15, 2019, regarding issues related to its operations and governance[127]. - The company faced administrative penalties from the China Securities Regulatory Commission and the Shanghai Stock Exchange in 2019, including public reprimands for its actual controller and responsible parties[131]. - The company is under investigation for suspected violations of information disclosure regulations, with a formal investigation initiated on April 29, 2019[131]. - The company has implemented several corrective measures to enhance internal controls and prevent related party fund occupation, including regular audits and training for management[128]. - The company has ongoing litigation involving Xinjiang Haokai Supermarket with a claim amount of 30,140,918.42 yuan, currently under trial in Karamay City[121]. - The company faced penalties from the China Securities Regulatory Commission and the Shanghai Stock Exchange due to non-compliance with regulations regarding related party transactions[191]. Employee and Community Engagement - The company created over 1,300 job opportunities in 2019, contributing to local employment[147]. - The company emphasizes employee training and development through various programs, including the "Eagle Plan"[147]. - The company has a total of 3,095 employees, with 873 in the parent company and 2,222 in major subsidiaries[185]. - The total hours of outsourced labor amounted to 1,441,622, with total payments for outsourced labor reaching 25,949,200 yuan[188]. - The company has a diverse workforce, with 279 employees holding a bachelor's degree or higher[185]. Strategic Initiatives - The company plans to expand its market presence and enhance its e-commerce operations, aiming for a 20% growth in online sales by the end of 2020[175]. - The company is focusing on new product development, particularly in the apparel sector, with an expected launch of several new lines in Q2 2020[175]. - The company is exploring potential mergers and acquisitions to enhance its market share and operational capabilities, with a target completion date by the end of 2020[175]. - The company has appointed new executives to strengthen its leadership team, including a new Chief Financial Officer to oversee financial strategies[176]. Financial Reporting and Standards - The company has implemented new financial standards effective January 1, 2019, including the recognition and measurement of financial instruments, which has resulted in a reclassification of certain financial assets[104]. - The company has made significant changes to its accounting policies, including the adoption of new revenue recognition standards effective January 1, 2020[103]. - The company disclosed its internal control self-evaluation report for the year 2019, which was approved by the board[200]. - A standard unqualified internal control audit report was issued by Da Xin Accounting Firm for the company's 2019 financial report[200].

Financial Performance - Operating revenue increased by 28.88% to CNY 3,213,935,168.64 for the period from January to September[7] - Net profit attributable to shareholders decreased by 64.32% to CNY 34,236,637.02 compared to the same period last year[7] - Basic earnings per share dropped by 74.51% to CNY 0.1019[8] - Total operating revenue for Q3 2019 reached ¥1,038,076,630.41, an increase of 29.4% compared to ¥802,163,270.76 in Q3 2018[34] - Operating income for the first three quarters of 2019 was ¥3,238,637,764.83, up from ¥2,514,296,458.75 in the same period of 2018, reflecting a growth of 28.7%[34] - The company's net profit for the first three quarters of 2019 was not explicitly stated but can be inferred from the increase in retained earnings, which decreased to ¥231,572,522.49 from ¥251,786,677.32[32] - The total profit for Q3 2019 was ¥12,535,000.85, down from ¥19,905,190.88 in the same quarter last year, reflecting a decline of 37.0%[36] - The company's net profit for Q3 2019 was -4,523,411.82, compared to a profit of 2,939,831.13 in Q3 2018, indicating a significant decline[41] - The company reported a total profit for the first three quarters of 2019 of ¥50,539,587.33, down from ¥116,037,532.43 in the same period of 2018, a decline of 56.5%[36] Assets and Liabilities - Total assets decreased by 10.44% to CNY 3,725,088,320.86 compared to the end of the previous year[7] - Total assets as of September 30, 2019, amounted to ¥2,964,488,139.06, slightly up from ¥2,925,468,386.13 at the end of 2018[32] - The total liabilities stood at CNY 2,743,570,402.83, indicating a stable leverage position compared to the previous year[50] - Total liabilities increased to ¥2,015,714,515.60 in Q3 2019 from ¥1,956,456,412.89 in Q3 2018, marking a rise of 3.7%[31] - Current liabilities totaled ¥1,793,244,351.70, compared to ¥1,712,972,521.37 in the previous year, indicating an increase of 4.7%[31] - The company reported a total liability of CNY 1,800,000,000.00 as of September 30, 2019[27] - Total liabilities amounted to approximately ¥2,819,859,028, with total equity at ¥1,339,230,843, resulting in total assets of ¥4,159,089,871[51] Cash Flow - Cash flow from operating activities generated CNY 124,071,672.60, a significant recovery from a negative cash flow of CNY -158,775,574.53 in the previous year[7] - The net cash flow from operating activities for the first nine months of 2019 was 124,071,672.60, a recovery from a negative cash flow of -158,775,574.53 in the same period of 2018[44] - The net cash flow from operating activities was negative CNY 80,065,922.51, compared to a negative CNY 14,952,856.79 in the previous year, indicating a decline in operational efficiency[47] - Cash inflow from financing activities was CNY 2,138,433,994.95, down 21.5% from CNY 2,722,227,709.88 in 2018, primarily due to lower borrowings[47] - The financing activities generated a net cash outflow of -174,820,653.08 in the first nine months of 2019, contrasting with a net inflow of 509,326,311.49 in the same period of 2018[45] Shareholder Information - The total number of shareholders reached 19,261 by the end of the reporting period[9] - The largest shareholder, Pan Jinhai, holds 62.39% of the shares, with 144,090,000 shares pledged[9] Expenses - Sales expenses surged by 99.44% to ¥353,849,128.41 mainly due to increased store renovation and promotional costs after the consolidation of a subsidiary[12] - The total operating costs for Q3 2019 were ¥1,026,622,065.79, an increase of 31.4% from ¥781,171,324.40 in Q3 2018[34] - The company's financial expenses for Q3 2019 amounted to ¥12,858,905.74, an increase of 57.5% from ¥8,171,566.75 in Q3 2018[39] - The sales expenses for Q3 2019 were ¥40,865,478.76, which is a significant increase of 118.0% from ¥18,652,949.49 in Q3 2018[39] - The management expenses for Q3 2019 were ¥29,439,403.80, up from ¥19,803,219.62 in Q3 2018, reflecting an increase of 48.7%[39] Investments and Projects - The company invested ¥50 million to establish a wholly-owned subsidiary focused on health food projects[19] - The company acquired land use rights for ¥44.15 million for a new project in Xinjiang[15] - The company transferred 90% of its equity in a subsidiary, receiving all transfer payments and related interest[16] - The company ceased operations of a supermarket project due to adjustments in its business plan[18] Legal Matters - The company has ongoing litigation with Karamay Tiancai Real Estate Development Co., involving a lease dispute with a claimed compensation amount of CNY 27,134,600[20] - The company is also in litigation with Xinjiang Dacheng Real Estate Development Co., seeking to terminate a lease and claiming damages totaling CNY 26,972,700[21] - A lawsuit against Xinjiang Hongsheng Real Estate Co. is pending, with the company claiming damages of CNY 28,756,699 due to inability to use the leased property[22] - The company has a court ruling against it requiring compensation of CNY 2,710,000 and legal fees of CNY 150,000 in a dispute with Bole New Residential Real Estate Development Co.[22] Other Financial Metrics - The weighted average return on equity decreased by 4.75 percentage points to 2.45%[8] - The company received government subsidies amounting to CNY 647,603.32 during the reporting period[8] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company's cash and cash equivalents at the end of Q3 2019 were CNY 39,256,939.27, a decrease from CNY 88,962,506.32 at the end of the previous year[47] - The cash paid for purchasing goods and services was CNY 1,242,388,677.89, which increased from CNY 897,072,400.66 in the same period last year, reflecting higher operational costs[47]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥2,182,902,093.23, representing a 28.32% increase compared to ¥1,701,151,610.79 in the same period last year[19]. - The net profit attributable to shareholders decreased by 67.86% to ¥25,727,152.24 from ¥80,057,653.91 in the previous year[19]. - The net cash flow from operating activities improved to ¥166,389,897.99, a significant recovery from a negative cash flow of ¥253,758,169.16 in the same period last year[19]. - The total assets decreased by 7.88% to ¥3,831,402,926.40 from ¥4,159,089,870.65 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 2.00% to ¥1,366,004,616.53 from ¥1,339,230,842.68 at the end of the previous year[19]. - Basic earnings per share dropped by 77.04% to ¥0.0766 from ¥0.3336 in the same period last year[20]. - The weighted average return on equity decreased by 4.13 percentage points to 1.88% from 6.01% in the previous year[20]. - The gross profit margin for the main business in the first half of 2019 was 18.80%, compared to 17.76% in the same period of 2018, indicating improved profitability[25]. - Operating revenue for the current period reached ¥2,182,902,093.23, a 28.32% increase compared to ¥1,701,151,610.79 in the same period last year[32]. - Operating profit decreased to CNY 41,287,207.78, down 58.3% from CNY 98,745,233.75 year-on-year[117]. - Net profit for the first half of 2019 was CNY 25,727,152.24, a decline of 67.8% compared to CNY 80,057,653.91 in the previous year[117]. Operational Strategy - The company has outlined potential risks in its operations, which are detailed in the report[8]. - The company plans to enhance supply chain efficiency and improve product delivery speed and flexibility to boost profitability[27]. - The company is focusing on upgrading its stores and expanding its self-purchase and direct sales business to enhance its competitive advantage[29]. - The company is actively exploring new marketing models and growth opportunities to reduce operational costs and improve overall profitability[27]. - The company has implemented a dual-brand strategy with "HuiJia Era + HaoJiaXiang," becoming the largest supermarket chain in Xinjiang[24]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified that could add $200 million in annual revenue[52]. - The company is involved in multiple lawsuits, with a total amount involved of approximately ¥27,134,600 related to a rental contract dispute[57]. Financial Position - The company incurred a net cash outflow from financing activities of ¥248,014,436.38, a 175.57% decrease compared to a net inflow of ¥328,189,434.34 last year, primarily due to increased debt repayments[32]. - The company reported total assets of 83,057.08 million RMB and net assets of 5,249.01 million RMB for Kuerle Huijia Times Commercial Investment Co., Ltd.[41]. - The company faces risks from national policies and macroeconomic fluctuations, which could impact consumer spending and the retail sector[42]. - The total amount of related party transactions for the first half of 2019 was 7.18 million yuan, with an estimated total for the year of 35.4 million yuan[69]. - The total liabilities decreased to ¥2,465,398,309.87 from ¥2,819,859,027.97, a decline of about 12.6%[109]. - The total current liabilities decreased to ¥2,156,023,337.84 from ¥2,503,570,402.83, a reduction of approximately 13.8%[109]. - The total equity attributable to shareholders of ¥1,340,277,464.00 as of the end of the first half of 2019, slightly up from ¥1,339,230,842.68 at the end of 2018[130]. Shareholder Commitments - The company’s major shareholders have committed to not transferring their shares for a period of 36 months post-listing[46]. - The controlling shareholder committed to submit a written plan for stock repurchase within 10 trading days to stabilize the stock price, with a total amount not less than 30 million yuan[48]. - If the controlling shareholder fails to fulfill the commitment, the board will announce a stock repurchase plan within 25 trading days, also with a total amount not less than 30 million yuan[48]. - Directors and senior management promised to unconditionally increase their holdings of company stock within 30 trading days if the shareholder meeting does not approve the repurchase plan, with a total increase not less than 20% of their previous year's after-tax salary[48]. - The company will extend the lock-up period for remaining shares by one year if the shareholder violates the commitment[49]. Legal and Regulatory Matters - The company received an administrative regulatory measure from the China Securities Regulatory Commission on April 15, 2019, highlighting issues that require rectification[61]. - The company has implemented corrective measures following the regulatory notice, which were approved in board meetings held on May 14, 2019[61]. - The company is currently appealing a court decision related to a rental dispute with a claim amount of ¥7,250,000[59]. - The company has a history of litigation that may impact its financial stability and operational focus moving forward[58]. Accounting and Compliance - The company implemented new accounting policies, including changes to financial statement formats and the adoption of new financial instrument standards, effective from January 1, 2019[76]. - The company has maintained its accounting policies in accordance with the latest enterprise accounting standards, ensuring compliance and transparency[152]. - The company recognizes impairment losses based on expected credit losses for financial assets measured at amortized cost and certain debt instruments[170]. - The company applies the expected credit loss method for accounts receivable and other receivables, with detailed accounting policies outlined in the financial report[175][176]. Market and Growth Prospects - The retail sales growth rate in China for the first half of 2019 was 8.4%, indicating a slowdown in consumer spending[26]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 20% year-over-year growth[52]. - User data showed an increase in active users, reaching 2 million, which is a 15% increase compared to the previous quarter[53]. - The company provided guidance for the next quarter, expecting revenue to be between $520 million and $550 million, indicating a growth rate of 4% to 10%[52].

证券代码：603101 证券简称：汇嘉时代 公告编号：2019-057 新疆汇嘉时代百货股份有限公司 关于参加 2019 年新疆辖区上市公司 投资者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。 为便于广大投资者更深入全面地了解公司发展战略、经营状况、融资计划、 可持续发展等投资者关心的问题，公司定于 2019 年 7 月 26 日下午 15:00-17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2019 年新疆 辖区上市公司投资者集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 26 日（星期五） 15:00 至 17:30。 出席本次集体接待日的人 ...

Financial Performance - Operating revenue for the current period was CNY 1,217,307,801.10, representing a growth of 24.90% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 7,401,686.54, down 82.33% compared to the same period last year[7] - Basic earnings per share decreased by 80.36% to CNY 0.0365[7] - The weighted average return on equity fell by 1.05 percentage points to 0.65%[7] - Total operating revenue for Q1 2019 reached CNY 1,221,842,933.36, an increase of 25.4% compared to CNY 974,600,081.80 in Q1 2018[29] - Net profit for Q1 2019 decreased to CNY 12,966,214.63 from CNY 54,776,346.53 in Q1 2018, reflecting a decline of 76.4%[29] - The company's operating revenue for Q1 2019 was CNY 491,582,073.88, an increase of 36.1% compared to CNY 361,255,278.58 in Q1 2018[31] - The net profit for Q1 2019 was CNY 8,748,367.00, a decrease of 80.4% from CNY 44,588,030.86 in Q1 2018[31] - The total profit for Q1 2019 was CNY 14,138,649.67, a decrease of 73.3% compared to CNY 52,697,077.36 in Q1 2018[31] Cash Flow - Cash flow from operating activities increased by 45.20% to CNY 172,345,269.15 compared to the previous year[7] - Operating cash flow increased by 45.20% year-on-year, mainly due to increased sales revenue[18] - Cash flow from operating activities in Q1 2019 was CNY 1,367,412,333.77, an increase from CNY 1,144,566,359.22 in Q1 2018[34] - Net cash flow from operating activities was negative CNY 75,725,268.81, an improvement from negative CNY 95,211,257.94 in the same period last year[39] - Cash inflow from financing activities was CNY 833,064,425.68, down from CNY 1,059,703,791.58 in Q1 2018, a decrease of about 21.3%[40] - The net cash flow from financing activities was positive CNY 33,883,888.80, a significant decline from CNY 315,349,774.23 in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,035,172,103.09, a decrease of 2.98% compared to the end of the previous year[7] - Non-current assets totaled CNY 2,926,416,917.92 as of March 31, 2019, a decrease from CNY 2,953,877,886.75 at the end of the previous year[25] - Total liabilities as of March 31, 2019, were CNY 1,976,207,083.15, compared to CNY 1,956,456,412.89 at the end of 2018[28] - Current liabilities totaled CNY 1,731,940,017.17, an increase from CNY 1,712,972,521.37 in the previous period[28] - Total liabilities reached CNY 2,819,859,027.97, with current liabilities at CNY 2,503,570,402.83 and non-current liabilities at CNY 316,288,625.14[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,733[11] - The largest shareholder, Pan Jinhai, holds 62.39% of the shares, with 149,747,550 shares pledged[11] Expenses - Sales expenses increased by 122.25% year-on-year, mainly due to the inclusion of Xinjiang Haojiaxiang Supermarket Co., Ltd. in the consolidation scope and increased expenses from newly opened stores[16] - Management expenses increased by 39.90% year-on-year, primarily due to expenses from newly opened stores in Changji Shopping Center[16] - Financial expenses increased by 86.51% year-on-year, mainly due to increased loans and interest expenses accrued during the reporting period[16] Other Financial Metrics - The company reported non-operating income of CNY 1,497,367.73 during the period[10] - The net profit from non-recurring gains and losses totaled CNY 1,346,680.46 after tax adjustments[10] - Accounts receivable and notes increased by 47.77% compared to the beginning of the year, mainly due to increased sales on credit and receipt of commercial acceptance bills[13] - Other receivables increased by 30.18% compared to the beginning of the year, primarily due to an increase in loans during the reporting period[13] - The company incurred a loss of CNY 15,079,489.21 in Q1 2019, contrasting with a profit of CNY 12,148,137.13 in Q1 2018[32] Regulatory and Audit Information - The company has made adjustments to its financial asset classifications in accordance with new financial instrument standards[45] - The company has implemented new financial instrument standards affecting asset classification[49] - The audit report is not applicable for this period[50]

Financial Performance - The company's operating revenue for 2018 was approximately RMB 3.62 billion, representing a year-on-year increase of 19.73% compared to RMB 3.03 billion in 2017[21]. - The net profit attributable to shareholders of the listed company decreased by 31.32% to RMB 70.16 million in 2018 from RMB 102.14 million in 2017[21]. - The net profit after deducting non-recurring gains and losses fell by 68.30% to RMB 30.61 million in 2018 compared to RMB 96.58 million in 2017[21]. - Basic earnings per share decreased by 31.32% to CNY 0.2923 in 2018 from CNY 0.4256 in 2017[23]. - The weighted average return on equity dropped by 2.85 percentage points to 5.32% in 2018 from 8.17% in 2017[23]. - Total operating revenue for Q4 2018 was CNY 1,130,753,993.43, with a net profit attributable to shareholders of -CNY 25,803,694.36[26]. - The company's main business revenue reached CNY 3,624,436,648.65, representing a year-on-year growth of 19.73%[45]. - The company achieved a net cash flow from operating activities of CNY 13,590,935.76, a significant decline of 96.15% compared to the previous year[46]. - The company reported a significant increase in effective membership, reaching 1.21 million by the end of 2018[41]. - The total revenue for the main business reached ¥3,343,910,240.65, with a gross margin of 13.13%, reflecting a decrease of 0.20 percentage points year-over-year[48]. - Overall revenue increased to ¥3,624,436,648.65, with a gross margin of 17.19%, an increase of 0.62 percentage points year-over-year[50]. Assets and Liabilities - Total assets increased by 70.60% to approximately RMB 4.16 billion at the end of 2018, up from RMB 2.44 billion at the end of 2017[21]. - The company's net assets attributable to shareholders rose by 3.57% to RMB 1.34 billion at the end of 2018, compared to RMB 1.29 billion at the end of 2017[21]. - The company reported total assets of RMB 44.57 million and net profit of RMB 2.16 million for Changji Huijia Times Supermarket Co., Ltd.[89]. - The company reported total assets of RMB 84.26 million and a net loss of RMB 2.28 million for Xinjiang Haojiacang Supermarket Co., Ltd.[89]. - The company’s short-term borrowings increased by 221.35% to ¥74,505,000.00, indicating a significant rise in debt financing[64]. - The company had a total borrowing of CNY 1,870 million during the year, with a repayment of CNY 52 million and an interest accrual of CNY 144.45 million[190]. - As of December 31, 2018, the outstanding loan principal was CNY 1,818 million, with accrued interest of CNY 2.06 million[190]. Operational Developments - The company added 11 supermarkets and 1 distribution center from Good Home Supermarket to its consolidated financial statements in September 2018[31]. - The company operates 6 department stores, 3 shopping centers, and 13 supermarkets in Xinjiang, covering a total area of 490,000 square meters[31]. - The company plans to enhance its self-purchase product range to increase profitability from its supermarket operations[31]. - The company plans to invest in the Xinjiang Huijia Food Industry Park project, which has a construction land use right of approximately 130,500 square meters[41]. - The company is planning to open new stores in 2019, including the relocation of the Shihezi store and the operation of the Changji Shihezi Road Supermarket project by the end of 2019[74]. - The company opened 2 new stores during the reporting period, with a total area of 218,599 square meters, including the Changji Shopping Center and Changji Min Street Supermarket[69]. Expenses and Costs - Operating costs increased by 18.83% year-on-year, primarily due to the inclusion of "Good Home Town" supermarkets and the corresponding rise in operating expenses[47]. - Sales expenses surged by 71.05% year-on-year, influenced by increased promotional costs and store renovation expenses[47]. - Management expenses increased by 38.39% year-on-year, attributed to the inclusion of Haokai Supermarket and rising personnel costs[57]. - Financial expenses surged by 153.84% year-on-year, mainly due to increased bank loan interest expenses[57]. Shareholder and Governance Matters - The company plans to ensure transparency by requiring written notice of any intended share reductions from shareholders[104]. - The company will have the right to reclaim any cash dividends equivalent to the proceeds from any unauthorized share reductions[104]. - The company committed to repurchase shares within 6 months at a price not lower than the issuance price plus bank interest[106]. - The company reported a commitment to compensate investors for losses caused by false statements in the prospectus[107]. - The controlling shareholder committed to increase stock holdings to stabilize the stock price, with a total amount not less than 30 million yuan within 10 trading days after triggering the obligation[103]. - The company has established a "three meetings and one layer" decision-making system to protect the rights of shareholders and creditors[137]. Regulatory and Compliance Issues - The company received an administrative regulatory decision from the China Securities Regulatory Commission, resulting in penalties for key executives, including a 12-month salary deduction for the chairman[123]. - The company has implemented corrective measures to prevent future regulatory issues, including the establishment of a management system for transactions with controlling shareholders[124]. - The company reported a total of 31 loans amounting to 227.4 million yuan from its micro-loan subsidiary to related parties, violating regulatory requirements[172]. - The company plans to enhance its governance structure and internal control systems to prevent future regulatory violations[174]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 3,515, with 1,313 in the parent company and 2,202 in subsidiaries[166]. - The company has implemented a training program categorized by employee levels to improve professional skills and business capabilities[168]. - The company reported a significant management change with the resignation of two vice presidents, Zhang Yong and Ma Li, due to personal reasons[164]. - The company has a structured compensation system for directors, supervisors, and senior management, which is determined by the board's remuneration and assessment committee[163]. Legal Matters - The company is involved in significant litigation matters, including a lawsuit with Beijing Honghua regarding a contract dispute, with a claimed amount of RMB 2,073,565[120]. - The company has initiated legal proceedings against Haokang Supermarket for a loan of RMB 40,510,800, seeking repayment of RMB 40,510,800 plus interest, and has secured a court ruling in its favor[121]. Audit and Financial Reporting - The company has retained Tianzhi International Accounting Firm for a fee of CNY 1 million for the 2018 financial audit, with an additional CNY 400,000 for internal control audit services[117]. - The company received a negative opinion in the internal control audit report, indicating significant deficiencies in financial reporting controls[182]. - The company did not disclose any internal control self-evaluation report for the year[180]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[116].

新疆汇嘉时代百货股份有限公司 2018 年第三季度报告 1 / 22 2018 年第三季度报告 公司代码：603101 公司简称：汇嘉时代 | 目录 | | --- | | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 6 | | 四、附录 | 10 | 2018 年第三季度报告 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 公司负责人潘锦海、主管会计工作负责人高玉杰及会计机构负责人（会计主管人员）范新萍 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 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 | 3,785,731,849.48 | 2,437,92 ...

Financial Performance - The company's operating revenue for the first half of 2018 was RMB 1,701,151,610.79, representing an increase of 18.62% compared to RMB 1,434,135,348.06 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 80,057,653.91, up 24.12% from RMB 64,498,278.39 in the previous year[17]. - Basic earnings per share for the first half of 2018 were RMB 0.3336, a 24.15% increase from RMB 0.2687 in the same period last year[18]. - The weighted average return on equity increased by 0.81 percentage points to 6.01% from 5.20% in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 71,858,703.67, which is a 13.43% increase from RMB 63,349,285.79 in the previous year[17]. - The company reported a net profit of RMB 1.34 million from Changji Hui Jia Times Department Store, with total assets of RMB 33.09 million[46]. - The company reported a total of CNY 64,498,278 in comprehensive income for the half-year[109]. Cash Flow and Investments - The net cash flow from operating activities was negative at RMB -253,758,169.16, a significant decrease of 596.95% compared to RMB 51,062,910.45 in the same period last year[17]. - The company reported a net cash flow from financing activities of RMB 328,189,434.34, compared to a negative RMB -139,223,200.75 in the same period last year[17]. - The company is actively preparing for the opening of the Changji Shopping Center, expected to commence operations by the end of 2018, with multiple domestic and international brands already signed[34]. - The company has invested approximately CNY 11,700,000 in upgrading the Urumqi Beijing Road shopping center, enhancing overall profitability[32]. - The total investment in the Urumqi Beijing Road Shopping Center renovation project reached approximately RMB 117.26 million, with most projects now operational[43]. Operating Costs and Expenses - Operating costs rose to approximately ¥1.40 billion, reflecting a growth of 17.42% from ¥1.19 billion year-on-year[37]. - Sales expenses increased by 32.38% to approximately ¥109.35 million, primarily due to higher labor costs, rental fees, and renovation expenses[36]. - Management expenses rose by 20.51% to approximately ¥60.84 million, mainly driven by increased labor costs[36]. - Financial expenses surged by 83.47% to approximately ¥16.49 million, attributed to an increase in bank loan principal and interest payments[36]. Assets and Liabilities - The total assets of the company at the end of the reporting period were RMB 2,756,120,809.72, an increase of 13.05% from RMB 2,437,925,335.83 at the end of the previous year[17]. - The total liabilities amounted to CNY 1,406,988,614.88, up from CNY 1,144,850,794.90, reflecting an increase of approximately 22.9%[93]. - The company's total current asset was RMB 490,251,778.98 as of June 30, 2018, down from RMB 548,583,202.99 at the beginning of the period, representing a decrease of approximately 10.5%[89]. - The company’s total non-current assets were valued at RMB 1,823,789,272.75, with fixed assets accounting for RMB 819,794,961.45[89]. Shareholder and Stock Information - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during the reporting period[4]. - The controlling shareholder committed to not transferring or entrusting the management of shares for 36 months from the date of the company's stock listing[51]. - The company plans to stabilize its stock price by committing to a stock repurchase plan with a total amount not less than 30 million yuan if the controlling shareholder fails to fulfill previous commitments[53]. - The company’s board of directors will announce a stock repurchase plan within 25 trading days if the controlling shareholder does not fulfill commitments[53]. Legal and Compliance Matters - The company reported a total debt of 2.36 million RMB related to a lawsuit with Xinjiang Jinmeile Catering Investment Management Co., Ltd. concerning a rental agreement[62]. - The company is involved in a legal dispute regarding a rental contract, with the total amount claimed by the opposing party being 5,322,933.07 RMB[62]. - The company has faced a lawsuit regarding a rental agreement that resulted in a court ruling requiring both parties to pay certain fees and penalties[62]. - The company has committed to ensuring that it does not incur any losses due to the repayment obligations of its subsidiaries[59]. Strategic and Operational Risks - The company faces strategic planning risks due to market changes and competition, which may impact profitability if business model adjustments are not made[45]. - The retail industry in Xinjiang is highly competitive, with risks to market share and profitability if local competitors increase their presence[45]. - Rising costs associated with new technology and market expansion present a risk, prompting the company to implement strict budget controls[47]. - Mergers and acquisitions are seen as key growth strategies, but they involve integration risks that the company is actively managing[47]. Accounting and Financial Reporting - The company has not disclosed any significant changes in its employee stock ownership or incentive plans during the reporting period[65]. - The company did not disclose any significant changes in accounting policies or estimates during the reporting period[76]. - The company recognizes revenue from sales of goods when significant risks and rewards have transferred to the buyer, and costs can be reliably measured[170]. - The company assesses impairment for construction in progress if there are indications of impairment, measuring the difference between carrying value and recoverable amount[160].

2018 年第一季度报告 公司代码：603101 公司简称：汇嘉时代 新疆汇嘉时代百货股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 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 | 2,820,114,903.51 | 2,437,925,335.83 | | 15.68 | | 归属于上市公司股东 | 1,337,662,571.79 | 1,293,074,540.93 | | 3.45 | | 的净资产 | | | | | | | 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 | 118,695,641.68 | 7,683,507.87 | | 1 ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 102,144,071.58 in 2017, representing a 5.73% increase compared to RMB 96,610,080.49 in 2016[5]. - Total operating revenue for 2017 was RMB 3,027,294,011.42, marking a 14.06% increase from RMB 2,654,213,579.42 in 2016[20]. - The net cash flow from operating activities surged to RMB 353,030,302.21, a significant increase of 735.62% compared to RMB 42,247,736.93 in 2016[20]. - The company's total assets rose to RMB 2,437,925,335.83, reflecting a 14.41% increase from RMB 2,130,886,071.93 in 2016[20]. - The net assets attributable to shareholders increased to RMB 1,293,074,540.93, a growth of 6.83% from RMB 1,210,370,469.38 in 2016[20]. - Basic earnings per share decreased by 3.07% to RMB 0.4256 from RMB 0.4391 in 2016[21]. - The weighted average return on equity was 8.17%, down from 9.64% in the previous year, a decrease of 1.47 percentage points[22]. Cash Flow and Investments - The company invested over 10 million CNY in renovations for its stores to better meet consumer needs, enhancing sales performance[39]. - The company’s investment activities resulted in a net cash outflow of CNY 421,132,476.54, a 292.38% increase in outflow compared to the previous year[57]. - The company plans to invest approximately RMB 6,412.44 million in the renovation of the Urumqi Beijing Road Shopping Center, bringing the total investment to RMB 11,725.60 million[75]. - The company plans to invest in 3-4 comprehensive shopping centers in Xinjiang, including the first outlet shopping plaza in the region, to enhance market share and profitability[84]. Retail Operations and Market Strategy - The company operates 6 department stores, 2 shopping centers, and 1 standard supermarket, with a total retail space of over 330,000 square meters[30]. - The retail sector in Xinjiang experienced a growth of 7.7% in total retail sales, reaching ¥304.46 billion in 2017[32]. - The online retail sales in China grew by 28% in 2017, indicating a shift towards e-commerce in the retail sector[33]. - The company plans to enhance its self-operated product offerings and improve procurement cost control to expand profit margins[30]. - The retail industry is undergoing transformation with a focus on integrating online and offline sales channels, which the company aims to leverage for future growth[33]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 24,000,000[5]. - The cash dividend policy has been revised to ensure a stable profit distribution, with a proposal to distribute cash dividends of 0.81 RMB per 10 shares for the 2016 fiscal year, totaling 19,440,000 RMB[93]. - The company has implemented a profit distribution plan for 2017, proposing a cash dividend of 1.00 RMB per 10 shares, amounting to 24,000,000 RMB[94]. - The company emphasizes the importance of engaging with minority shareholders to gather their opinions on profit distribution matters[93]. Risk Management and Compliance - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no significant risks related to the company's operations that have not been disclosed in the report[7]. - The company has established a commitment to improve internal control systems and optimize operational processes to enhance management capabilities and reduce risks[89]. - The company has not faced any risks of suspension or termination of listing during the reporting period[113]. Legal Matters and Governance - The company reported significant litigation and arbitration matters during the year, indicating ongoing legal challenges[113]. - The company is involved in a lawsuit with Xinjiang Jinmeile Catering Investment Management Co., with a total claim amount of 5,322,933.07 yuan related to deposit refunds and other fees[115]. - The court ruled in favor of the company in a previous judgment, rejecting all claims from Jinmeile, but the case is currently under appeal in the Xinjiang High Court[117]. - The company has established a governance structure that complies with relevant laws and regulations, enhancing operational transparency[180]. Employee and Management Structure - The total number of employees in the parent company is 780, while the main subsidiaries employ 1,192, resulting in a total of 1,972 employees[175]. - The company has emphasized the importance of performance-based remuneration for its senior management, aligning incentives with company performance[170]. - The company has maintained a focus on governance and compliance through the election of qualified individuals to its board and supervisory roles[171]. - The company is actively expanding its management team to support growth and operational needs, with several key positions filled recently[171]. Future Outlook and Growth Plans - The company provided a future outlook with a revenue guidance of 1.5 billion for the next fiscal year, representing a 25% increase[163]. - The company plans to enhance operational efficiency by adapting to new technologies and customer channels in 2018[64]. - The company aims to establish 50 new large and medium-sized standard supermarkets and community supermarkets within 2-5 years, expanding its chain network across major towns in Xinjiang[84]. - The company is focusing on a dual-driven strategy of "shopping centers + supermarket clusters" to strengthen its market position and drive growth[82].