Financial Performance - The company's operating revenue for 2020 was CNY 16,678,468,932.04, representing a year-on-year increase of 9.27% compared to CNY 15,263,757,862.93 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 427,609,727.57, a decrease of 6.54% from CNY 457,547,328.62 in 2019[25]. - The net cash flow from operating activities for 2020 was CNY 727,388,230.44, reflecting an increase of 8.11% from CNY 672,812,709.54 in 2019[25]. - The total assets at the end of 2020 amounted to CNY 9,798,250,439.71, which is a 15.21% increase from CNY 8,505,019,717.10 at the end of 2019[25]. - The basic earnings per share for 2020 was CNY 0.70, down 6.67% from CNY 0.75 in 2019[25]. - The company reported a total of CNY 20,585,988.35 in non-recurring gains and losses for 2020, compared to CNY 20,112,805.25 in 2019[30]. - The company's total revenue for the year reached approximately ¥15.47 billion, representing an 8.55% increase compared to the previous year[59]. - The gross margin improved to 19.15%, an increase of 1.61 percentage points year-over-year[59]. - The company's operating costs increased by 6.43% year-over-year, totaling approximately ¥12.51 billion[59]. Dividend and Share Capital - The company plans to distribute a cash dividend of 4.50 RMB per 10 shares, totaling approximately 270.11 million RMB, which represents 63.17% of the net profit attributable to shareholders for the year[6]. - The company’s total share capital after the buyback is approximately 600,244,563 shares, which will be used as the basis for dividend distribution[6]. - The company has not disclosed any significant changes in its total share capital prior to the dividend distribution date, maintaining consistency in shareholder returns[6]. Corporate Governance - The company received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The board of directors confirmed that all members attended the board meeting, ensuring proper governance and oversight[4]. - The company has not reported any violations of decision-making procedures regarding external guarantees, reflecting sound corporate governance practices[8]. - The company’s financial report has been declared true, accurate, and complete by its responsible executives, reinforcing accountability[5]. Risk Management - The company has outlined potential risks in its report, emphasizing the importance of risk management in future operations[8]. - The company’s future plans and projections are subject to risks, and investors are advised to be cautious regarding investment decisions[7]. - The company faces risks from macroeconomic fluctuations, market competition, and uncertainties in new regional expansions[119][120][121]. Store Operations and Expansion - The company opened a significant number of new stores in 2020, which contributed to losses during the store cultivation period, impacting overall profit[26]. - The company opened 132 new stores in 2020, including 47 hypermarkets and 78 supermarkets, expanding its presence in Shandong and other provinces[42]. - The company reported a total of 897 direct-operated stores at the end of the reporting period, with a net increase of 114 stores compared to the beginning of the year[78]. - During the reporting period, the company opened 132 new direct-operated stores, including 101 new stores and 31 stores from the acquisition of Anhui Jiajia Yue[78]. Sales and Revenue Growth - The self-owned brand sales revenue increased by 43.80%, accounting for 13.74% of total revenue[44]. - The company’s online sales grew rapidly, with 211 stores providing home delivery services through its "家家悦优鲜" platform by the end of the reporting period[43]. - Fresh products generated revenue of approximately ¥7.40 billion, with a year-over-year growth of 12.72%[59]. - Revenue from outside Shandong Province surged by 267.53%, reaching approximately ¥1.40 billion[59]. Legal Matters - Jiajiayue Group has initiated litigation against Zibo Longyun Industrial Co., Ltd. for a total claim of 1,900,495.63 RMB due to breach of a housing lease contract[171]. - The court ruled in favor of Jiajiayue Group, ordering Zibo Longyun to pay a total of 1,218,203 RMB[171]. - Jiajiayue Group has also filed a lawsuit against Qingdao Weike Commercial Chain Co., Ltd. for 1,900,495.63 RMB, claiming significant losses due to unilateral termination of a cooperation agreement[174]. - The court ruled that Qingdao Weike must pay 44,553.1 RMB to Jiajiayue Group[174]. - Jiajiayue Group is actively pursuing legal actions to recover debts and enforce contract terms across multiple cases[171][174][177][178][180]. Social Responsibility and Community Engagement - The company engaged in poverty alleviation projects, investing approximately RMB 11,205.46 million in agricultural poverty alleviation, purchasing around 32,909 tons of agricultural products[194]. - The company contributed approximately RMB 780,000 to various support activities, including educational funding and material support for schools[194]. - The company improved educational resources in impoverished areas with an investment of RMB 62.99 million[197]. - The company reported a total of 31 poverty alleviation projects during the reporting period[192]. Supply Chain and Logistics - The company aims to enhance supply chain efficiency and improve logistics operations across multiple centers, including Yantai and Jinan[115]. - The company’s logistics efficiency improved with the introduction of unmanned AGV trailers in some logistics centers[44]. - The average daily throughput of the temperature-controlled logistics centers was approximately 27 million items, while the fresh logistics centers handled about 3,000 tons daily[94]. Commitment to Corporate Ethics - The company has pledged to avoid and reduce related party transactions to protect the interests of minority shareholders[151]. - The company guarantees that related party transactions will be conducted at fair prices, adhering to market standards[151]. - The actual controller has committed to not interfering with the company's management activities and not infringing on the company's interests[141].

2020 年第三季度报告 公司代码：603708 公司简称：家家悦 家家悦集团股份有限公司 2020 年第三季度报告 1 / 28 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 28 2020 年第三季度报告 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 公司负责人王培桓、主管会计工作负责人姜文霞及会计机构负责人（会计主管人员）姜文霞 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 | --- | --- | --- | --- | |------------------------------------------------|------------------------------|------------------------------------|-- ...

Financial Performance - The company's operating revenue for the first half of 2020 reached ¥9,246,103,066.72, representing a 27.27% increase compared to ¥7,265,221,483.07 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥287,420,397.19, up 26.99% from ¥226,337,439.29 in the previous year[26]. - The net cash flow from operating activities increased significantly by 172.15%, amounting to ¥710,602,022.10 compared to ¥261,103,071.89 in the same period last year[26]. - The total assets of the company at the end of the reporting period were ¥9,308,784,953.16, reflecting a 9.45% increase from ¥8,505,019,717.10 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥2,993,800,221.69, which is a 2.62% increase from ¥2,917,388,183.85 at the end of the previous year[26]. - The basic earnings per share for the first half of 2020 were ¥0.47, an increase of 27.03% compared to ¥0.37 in the same period last year[30]. - The diluted earnings per share also stood at ¥0.47, reflecting the same growth rate of 27.03%[30]. - The weighted average return on net assets increased by 1.44 percentage points to 9.55% compared to 8.11% in the previous year[30]. - The company reported a net profit after deducting non-recurring gains and losses of ¥282,351,300.64, which is a 31.68% increase from ¥214,421,837.77 in the same period last year[26]. Store Expansion and Operations - The company expanded its store count to 844, including 166 hypermarkets and 599 supermarkets, with 67 new stores added during the reporting period[37]. - The company opened 67 new stores during the reporting period, including 31 stores from the acquisition of Anhui Jiajia Yue[52]. - In Q2 2020, the company opened 10 new stores with a total area of 22,000 square meters, contributing to a revenue increase of 11.41% year-on-year[62]. - The total number of stores as of June 2020 was 697, with a diverse portfolio including hypermarkets, supermarkets, and department stores[64]. - The company is actively expanding into new markets, including Shandong, Anhui, Jiangsu, Hebei, and Inner Mongolia[44]. - The company plans to expand its market presence with new store openings in various provinces, including Shandong and Anhui, with a focus on high-traffic areas[62]. Financial Management and Liabilities - Cash and cash equivalents increased by 56.10% year-over-year, reaching ¥2,657,864,337.22, accounting for 28.55% of total assets[68]. - Trade financial assets rose by 148.76% year-over-year to ¥100,445,433.79, representing 1.08% of total assets[68]. - Accounts receivable increased by 76.68% year-over-year to ¥66,640,959.84, making up 0.72% of total assets[68]. - Short-term borrowings surged by 228.56% year-over-year to ¥525,697,822.22, representing 5.65% of total assets[68]. - Total liabilities reached ¥6,097,759,481.94, up from ¥5,434,502,879.38, which is an increase of approximately 12.2%[194]. - The company issued convertible bonds, with total liabilities including bonds reaching ¥542,686,979.75, accounting for 5.83% of total assets[70]. Environmental and Social Responsibility - The company’s wastewater treatment facility has a processing capacity of 1,000 tons per day, operating continuously to meet discharge standards[164]. - The company reported no instances of exceeding discharge standards for key pollutants such as chemical oxygen demand and ammonia nitrogen[164]. - The company actively participated in poverty alleviation efforts, purchasing approximately 2,769 tons of agricultural products worth about RMB 20.76 million from local bases[143]. - The company engaged in various poverty alleviation activities, donating materials worth approximately RMB 145,600[145]. - The company plans to continue its focus on industrial poverty alleviation, aiming to drive agricultural industrialization in impoverished areas[150]. Corporate Governance and Shareholder Commitments - The controlling shareholder committed to not transferring more than 25% of their shares during their tenure and for six months after leaving[86]. - The controlling shareholder expressed a long-term positive outlook on the company's industry and intends to maintain their shareholding[88]. - The company has committed to ensuring that its remuneration system is linked to the execution of its compensation measures[101]. - The company has established a long-term commitment to avoid conflicts of interest that may harm minority shareholders[104]. - The company aims to minimize related party transactions and ensure fair pricing in any unavoidable transactions[111]. Legal Matters - There are no significant litigation or arbitration matters reported for the current period[121]. - The company has successfully won a lawsuit against Longyun Industrial Co., with a judgment amounting to 1,218,203 RMB currently in execution[122]. - The company has also won a case against Rongchang Real Estate, with the arbitration ruling in favor of the company[124]. - The company is pursuing a lawsuit for unpaid debts totaling approximately 2.753 million RMB against borrowers and guarantors[127]. - The company has a pending case regarding rental payments, with a claim of 6 million RMB against Shandong Dinghao Real Estate Development Co., which is expected to have a minor financial impact[132].

2020 年第一季度报告 公司代码：603708 公司简称：家家悦 家家悦集团股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 录 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 2 / 25 2020 年第一季度报告 单位：元 币种：人民币 3 / 25 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 公司负责人王培桓、主管会计工作负责人姜文霞及会计机构负责人（会计主管人员）姜文霞 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 - In 2019, the company's operating revenue reached CNY 15,263,757,862.93, representing a 19.90% increase compared to CNY 12,730,711,830.05 in 2018[24] - The net profit attributable to shareholders was CNY 457,547,328.62, which is a 6.43% increase from CNY 429,923,746.87 in the previous year[24] - The net cash flow from operating activities was CNY 672,812,709.54, up by 9.67% from CNY 613,494,316.96 in 2018[25] - The total assets of the company increased to CNY 8,505,019,717.10, an 18.86% rise from CNY 7,155,246,759.85 at the end of 2018[25] - The company's net assets attributable to shareholders were CNY 2,917,388,183.85, reflecting a 7.19% increase from CNY 2,721,806,882.74 in 2018[25] - Basic earnings per share for 2019 were CNY 0.75, a 5.63% increase from CNY 0.71 in 2018[25] - The weighted average return on equity was 16.35%, slightly down by 0.28 percentage points from 16.63% in the previous year[25] - The proposed cash dividend is CNY 5.00 per 10 shares, totaling CNY 304,200,000, which accounts for 66.48% of the net profit attributable to shareholders[6] Store Operations and Expansion - The company operated 783 stores by the end of the reporting period, including 149 hypermarkets and 554 supermarkets, enhancing its market penetration through a multi-format network[36] - The company opened 80 new stores in 2019, including 45 hypermarkets and 32 supermarkets, marking a shift from regional to national retail[42] - Over 150 stores were upgraded throughout the year to enhance customer experience and operational efficiency[43] - The total number of stores increased to 783, with a net addition of 51 stores during the year, expanding the total property area by approximately 420,000 square meters[73] - The company closed or relocated underperforming stores, optimizing its network layout and business format[73] - The company plans to continue expanding its store network, with a focus on both owned and leased properties[77] Revenue Sources and Product Sales - The company's self-operated product sales accounted for nearly 90% of its main business revenue, indicating a strong focus on direct sales[38] - The revenue from the company's private label products was approximately CNY 1.58 billion, making up 10.37% of total commercial revenue[40] - The main business revenue reached CNY 142.52 billion, up 19.99% year-on-year, driven by new store openings and acquisitions[56] - The gross profit margin for the main business increased by 0.15 percentage points to 17.57%[59] Logistics and Supply Chain - The company has established a comprehensive logistics distribution network, achieving a 2.5-hour delivery time to stores, enhancing supply chain capabilities[37] - The supply chain system was optimized with several logistics projects partially operational, enhancing regional logistics capabilities[45] - The company is enhancing its fresh food supply chain to provide better quality products and shopping experiences[106] Market Environment and Competitive Position - The overall retail sales in China grew by 8.0% in 2019, driven by rising consumer income and evolving consumption patterns, providing a favorable market environment for the company[39] - The company's core competitive advantages include regional density, multi-format development, and a robust supply chain, which are critical for maintaining market leadership[40] Financial Investments and Future Plans - The company plans to continue utilizing the remaining CNY 22.94 million of raised funds for supermarket construction and logistics projects in 2020[47] - The company is actively exploring new business strategies and market expansion opportunities[75] - The company plans to open 100 new stores in 2020, focusing on expanding in the western region and surrounding provinces[109] Corporate Governance and Compliance - The company has committed to avoiding and reducing related party transactions to protect the interests of minority shareholders[134] - The controlling shareholder, Wang Peihuan, pledged not to engage in any competitive business activities with the company[135] - The company will ensure that related party transactions are conducted at fair market prices, adhering to general commercial principles[136] Legal Matters and Risks - The company is involved in a lawsuit regarding a rental contract with a claim amount of CNY 1,820,000, which is currently under review[150] - The company has taken measures to address potential risks associated with litigation and arbitration[149] - The company has not faced any risks of suspension or termination of listing during the reporting period[149] Social Responsibility and Environmental Initiatives - The total investment in poverty alleviation efforts reached 16.48 million RMB, with 1.47 million RMB specifically allocated to industrial development projects[167] - The company has established a fresh product traceability system, allowing consumers to verify the origin and safety of agricultural products through QR codes[170] - The company has implemented a comprehensive environmental monitoring plan, including real-time monitoring of wastewater discharge parameters[176] Shareholder Information and Equity Structure - The total number of ordinary shares increased from 468,000,000 to 608,400,000, representing a 30% increase due to a capital reserve conversion where every 10 shares resulted in an additional 3 shares issued[183] - The largest shareholder, Jiajiayue Holdings Group Co., Ltd., held 356,768,674 shares, accounting for 58.64% of the total shares[191] - The company’s restricted shares were released on December 13, 2019, with a total of 404,337,831 shares becoming tradable[186]

2019 年第三季度报告 公司代码：603708 公司简称：家家悦 家家悦集团股份有限公司 2019 年第三季度报告 1 / 28 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 28 2019 年第三季度报告 2.1 主要财务数据 单位：元币种：人民币 3 / 28 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 公司负责人王培桓、主管会计工作负责人姜文霞及会计机构负责人（会计主管人员）姜文霞 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 | --- | --- | --- | --- | |-------------------------------------------------|------------------------------|-------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was RMB 7,265,221,483.07, representing a 16.68% increase compared to RMB 6,226,525,440.97 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was RMB 226,337,439.29, up 16.85% from RMB 193,691,479.04 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was RMB 214,421,837.77, reflecting a 15.75% increase from RMB 185,244,180.89 in the previous year[21]. - The net cash flow from operating activities was RMB 261,103,071.89, which is an 8.52% increase compared to RMB 240,602,301.93 in the same period last year[21]. - The total assets at the end of the reporting period were RMB 7,501,289,129.18, a 4.84% increase from RMB 7,155,246,759.85 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were RMB 2,686,072,379.77, showing a decrease of 1.31% from RMB 2,721,806,882.74 at the end of the previous year[21]. - The basic earnings per share for the first half of 2019 was RMB 0.37, which is a 15.63% increase from RMB 0.32 in the same period last year[22]. - The weighted average return on net assets was 8.11%, an increase of 0.40 percentage points compared to 7.71% in the previous year[25]. Operational Expansion - The company expanded its store network by adding 40 new stores during the reporting period, including 18 hypermarkets and 19 supermarkets[35]. - The company added 40 new stores during the reporting period, including 11 stores from the merger with Hebei Jiajia Yue[43]. - The total number of stores at the end of the reporting period was 758, after closing or relocating 14 underperforming stores[43]. - The company plans to expand its market presence in Shandong province with new store openings[52]. - The company is focusing on enhancing customer experience through new product offerings and technology[52]. - The company aims to improve operational efficiency by optimizing store locations and reducing underperforming outlets[51]. Financial Management - The company’s financial expenses decreased significantly, showing a reduction of 76.97% compared to the previous year[39]. - The company experienced an increase in financial expenses primarily due to changes in deposit income and fees[42]. - The company reported a decrease in financial expenses, with net financial costs of -¥12,248,815.82 compared to -¥22,871,334.37 in the previous year, indicating improved financial management[173]. Investment and Assets - The company made a significant investment of 156.37 million to acquire a 67% stake in Zhangjiakou Fuyuexiang Chain Supermarket, which was renamed Hebei Jiajia Yue Chain Supermarket[62]. - The company’s long-term equity investments increased by 41.79% to 169.15 million, reflecting strategic investments in supply chain companies[58]. - The company reported a total cash inflow from financing activities of ¥200,000,000.00, with cash outflow for dividend payments amounting to ¥266,436,527.77[182]. Legal Matters - The company reported a total revenue of 1.82 million RMB from a lawsuit settlement, with a judgment requiring the opposing party to compensate the company 1,218,203 RMB[98]. - The company has faced a lawsuit regarding a rental contract, claiming a total of 1 million RMB in advance payments and deposits, with the case resolved in favor of the company[98]. - The company won a lawsuit against Rongchang Real Estate, confirming the transfer of property and dismissing all claims from the defendant[100]. - The company initiated two lawsuits in January 2019 to recover approximately 11.27 million yuan and 16.26 million yuan in loans from borrowers and guarantors, with the court ruling in favor of the company[102]. Corporate Governance - The company held its first extraordinary general meeting of shareholders on March 18, 2019, to discuss the issuance of A-share convertible bonds[66]. - The company proposed a three-year dividend return plan for shareholders during the annual general meeting on May 9, 2019[68]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of the stock listing[72]. - The company’s actual controller and major shareholders have agreed to a lock-up period for their shares, which will automatically extend under certain conditions[72]. Environmental Responsibility - The company has a wastewater treatment facility with a capacity of 1,000 tons per day, operating 24 hours and meeting discharge standards[125]. - The actual discharge concentration of chemical oxygen demand is 94 mg/L, well below the standard of 500 mg/L, with no instances of exceeding discharge limits[125]. - The company has established an emergency response plan for environmental incidents, which has been revised and filed with local environmental protection authorities[130]. Community Engagement - The company participated in poverty alleviation efforts, procuring approximately 6,647 tons of products from poverty alleviation bases, amounting to about RMB 11.48 million[118]. - The company donated over RMB 400,000 to various charitable activities during the reporting period[118].

Financial Performance - Operating revenue for the first quarter reached CNY 3,804,717,906.35, representing a 16.68% increase year-on-year [18]. - Net profit attributable to shareholders was CNY 140,994,052.51, up 16.06% from the same period last year [18]. - Basic earnings per share increased by 15.38% to CNY 0.30 compared to CNY 0.26 in the same period last year [18]. - Total operating revenue for Q1 2019 was RMB 3,804,717,906.35, an increase of 16.6% compared to RMB 3,260,913,391.58 in Q1 2018 [51]. - Net profit attributable to shareholders of the parent company for Q1 2019 was RMB 140,994,052.51, a rise of 15.9% from RMB 121,479,419.29 in Q1 2018 [58]. - Total profit for Q1 2019 reached RMB 177,427,831.08, up 16.0% from RMB 153,009,598.53 in Q1 2018 [55]. Assets and Liabilities - Total assets increased by 9.40% to CNY 7,827,679,336.43 compared to the end of the previous year [18]. - Total liabilities rose to ¥4,899,118,334.38 compared to ¥4,347,734,983.34, indicating an increase of about 12.6% year-over-year [42]. - Current liabilities totaled ¥4,808,674,698.54, up from ¥4,260,641,932.98, reflecting a growth of approximately 12.9% year-over-year [42]. - Non-current assets amounted to ¥3,168,479,614.77, an increase from ¥3,059,043,134.36, showing a growth of about 3.6% year-over-year [42]. - Total current assets amounted to CNY 4,659,199,721.66, an increase from CNY 4,096,203,625.49 [37]. Cash Flow - Net cash flow from operating activities increased by 13.30% to CNY 405,772,630.17 compared to the previous year [18]. - The total cash inflow from operating activities was CNY 4,645,777,314.83, up from CNY 4,081,963,612.91 in the same period last year, reflecting a growth of 13.8% [66]. - The net cash flow from investing activities was negative at CNY -191,186,224.40, an improvement from CNY -651,458,991.11 in Q1 2018 [70]. - The company’s cash flow from financing activities showed a net inflow of CNY 103,447,108.14, compared to CNY 94,766,762.30 in Q1 2018, reflecting a growth of 9.7% [70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,347 [24]. - The largest shareholder, Jiajiayue Holding Group, holds 58.64% of the shares [24]. Other Financial Metrics - The weighted average return on equity rose to 5.05%, an increase of 0.27 percentage points year-on-year [18]. - The company reported non-recurring gains of CNY 8,624,191.35 for the quarter [22]. - Financial expenses increased by 125.31% to CNY 3,435,391.66 from CNY -13,572,633.11, impacted by deposit income and fees [30]. - Asset impairment losses surged by 481.50% to CNY 1,258,246.73 from CNY -329,815.44, due to increased bad debt provisions for new accounts receivable [30]. - Other income grew by 60.30% to CNY 9,237,510.53 from CNY 5,762,588.10, attributed to increased government subsidies [30]. Investment Activities - Cash received from investment decreased by 94.43% to CNY 20,000,000.00 from CNY 358,900,000.00, mainly due to reduced principal from wealth management [30]. - Cash paid for investments dropped by 88.13% to CNY 101,750,000.00 from CNY 857,460,491.92, influenced by reduced principal from wealth management [33]. - Investment income decreased by 94.12% to CNY 81,233.98 from CNY 1,380,464.02, primarily due to reduced wealth management income [30]. Inventory and Receivables - Accounts receivable increased by 88.67% to CNY 72,315,647.34 from CNY 38,329,591.49 due to increased sales [30]. - Other current assets rose by 132.78% to CNY 207,556,787.15 from CNY 89,165,243.76, influenced by increased bank wealth management and deductible input tax [30]. - Inventory decreased to ¥525,190,301.66 from ¥585,779,534.29, indicating a decline of approximately 10.3% year-over-year [48]. Company Strategy - The company has not disclosed any new product developments or market expansion strategies in this report [18]. - The company did not report any new product launches or significant market expansion strategies during this quarter [55].

Financial Performance - The company's operating revenue for 2018 was approximately ¥12.73 billion, representing a 12.36% increase compared to ¥11.33 billion in 2017[22]. - The net profit attributable to shareholders for 2018 was approximately ¥429.92 million, a 38.35% increase from ¥310.74 million in 2017[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥381.80 million, reflecting a 26.94% increase from ¥300.77 million in 2017[22]. - Basic earnings per share increased by 39.39% to CNY 0.92 in 2018 compared to CNY 0.66 in 2017[26]. - The company achieved total revenue of CNY 12,730.71 million in 2018, representing a year-on-year growth of 12.36%[47]. - Net profit attributable to shareholders was CNY 429.92 million, reflecting a year-on-year increase of 38.35%[47]. - The company's main business revenue reached CNY 11,822,775,686.65, a year-on-year increase of 17.42%[57]. - The gross margin for the commercial sector was 17.42%, with a year-on-year increase of 0.19 percentage points[53]. Assets and Liabilities - The company's total assets at the end of 2018 were approximately ¥7.16 billion, a 14.07% increase from ¥6.27 billion at the end of 2017[25]. - The company's net assets attributable to shareholders at the end of 2018 were approximately ¥2.72 billion, a 9.81% increase from ¥2.48 billion at the end of 2017[25]. - The company reported a significant increase in accounts receivable, rising by 140.52% to CNY 38,329,591.49[64]. - The total assets at the end of the reporting period were CNY 7,151,000,000, with a notable increase in fixed assets by 48.34%[64]. - The company has cash and cash equivalents of CNY 120,514,855.52, with some funds restricted due to bank guarantees[67]. Dividends and Shareholder Information - The proposed cash dividend for 2018 is ¥5.6 per 10 shares, totaling approximately ¥262.08 million, which accounts for 60.96% of the net profit attributable to shareholders[6]. - The total number of shares outstanding is 468,000,000[117]. - The controlling shareholder, Jiajiayue Holdings, commits to maintaining its shareholding position and may reduce its holdings by no more than 10% of the total shares held at the end of the previous year after the lock-up period expires[127]. - The company plans to implement a share reduction plan based on its economic situation and market performance, with a maximum reduction of 50% of the shares held in the first year and 100% in the second year after the lock-up period[130]. Store Operations and Expansion - The company operated 732 stores by the end of the reporting period, including 105 hypermarkets and 542 supermarkets, supporting a multi-format retail strategy[36]. - The number of chain stores reached 732 by the end of the reporting period, with 85 new stores added in 2018[41]. - The company plans to open 100 new stores in 2019, focusing on both provincial expansion and market share growth outside the province[110]. - The company is exploring cross-provincial expansion and has partnered with Fuyuexiang to enter the North China market[41]. - The company is focusing on optimizing store layouts and expanding its market presence through new store openings[68]. Technology and Innovation - The company is implementing new technologies such as unmanned checkout and facial recognition payment to improve customer experience[41]. - The company plans to enhance its logistics capabilities, aiming for a 2.5-hour delivery window to stores, which supports its competitive advantage in fresh produce[36]. - The company plans to renew contracts for 34 stores with a total rental area of 50,130 square meters, including 19 stores currently in negotiation[86]. - The company will implement an SAP system to improve business process standardization and operational efficiency[111]. Market Trends and Consumer Engagement - The retail sector in China saw a 9.0% growth in consumer goods sales, indicating a favorable market environment for the company’s expansion strategies[39]. - Membership grew to 6.0349 million, with a stable proportion of sales from members[44]. - The company emphasizes customer service by leveraging big data to understand consumer trends and enhance the shopping experience[112]. - The company reported a significant increase in user data, with a 20% growth in customer engagement metrics year-over-year[56]. Risk Management - The company has outlined various risk factors in its report, emphasizing the importance of investor awareness regarding potential risks[7]. - The company faces risks from macroeconomic fluctuations, market competition, and uncertainties related to new regional expansions and project investments[115]. Corporate Social Responsibility - The company participated in poverty alleviation efforts, purchasing approximately 6,446 tons of agricultural products from Zaozhuang poverty alleviation base, amounting to about RMB 17.49 million[175]. - The company also engaged in charitable activities, donating over RMB 500,000 during the reporting period, including support for educational initiatives and assistance to impoverished villages[175]. - The total investment in poverty alleviation projects amounted to RMB 1,846.90 million, with RMB 1,791 million specifically allocated for agricultural development[178]. Legal and Compliance - The company has not faced any risks of suspension or termination of its listing status during the reporting period[153]. - There were no significant litigation or arbitration matters reported for the year, indicating a stable legal standing[153]. - The company has not encountered any major accounting errors that would require correction or impact its financial statements[150].

Financial Performance - Operating revenue for the first nine months reached CNY 9,555,835,993.91, a growth of 13.95% year-on-year[7] - Net profit attributable to shareholders increased by 34.03% to CNY 301,100,053.91 for the first nine months[7] - The net profit after deducting non-recurring gains and losses rose by 28.89% to CNY 287,342,721.16[7] - Basic earnings per share increased by 34.04% to CNY 0.64[7] - The weighted average return on equity improved by 24.80 percentage points to 7.95%[7] - Net profit for the first nine months of 2018 was ¥382,480,683.87, up from ¥298,937,061.12 in the same period last year, representing a year-over-year increase of 27.9%[28] - The company's net profit for Q3 2018 was ¥108,773,252.26, an increase from ¥81,841,819.24 in Q3 2017, representing a growth of approximately 32.9% year-over-year[29] - The company reported a net profit of ¥159,335,927.30 for the first nine months of 2018, compared to ¥143,861,159.75 in the same period last year, reflecting an increase of approximately 10.6%[34] Asset and Liability Changes - Total assets increased by 14.09% to CNY 7,156,195,348.67 compared to the end of the previous year[7] - The company’s total assets reached CNY 7,156,195,348.67, up from CNY 6,272,576,662.88 at the start of the year[20] - The total liabilities increased to CNY 4,525,089,044.65 from CNY 3,790,175,240.33, indicating a significant rise in financial obligations[20] - Total liabilities for Q3 2018 were ¥3,504,046,198.93, up from ¥3,156,612,300.08, reflecting a year-over-year increase of 11%[24] - The company’s equity attributable to shareholders increased to CNY 2,591,924,274.47 from CNY 2,478,749,634.23, showing growth in shareholder value[20] Cash Flow and Investments - The net cash flow from operating activities decreased by 2.77% to CNY 688,286,277.89 for the first nine months[7] - Cash inflow from operating activities for the year-to-date period reached ¥11,966,014,882.59, an increase of 14.6% compared to ¥10,437,758,630.25 in the previous year[36] - Net cash outflow from investment activities was ¥836,665,043.61, worsening from a net outflow of ¥335,500,331.01 in the same period last year[37] - Cash inflow from investment activities totaled ¥1,736,645,703.81, significantly higher than ¥584,648,088.03 in the previous year[37] - The company reported a total cash inflow from investment recoveries of CNY 1,728,200,000, representing a 197.97% increase compared to the previous period[16] Shareholder and Market Information - The total number of shareholders reached 14,482 by the end of the reporting period[10] - The company’s cash and cash equivalents decreased to CNY 2,485,227,316.32 from CNY 2,934,839,196.01 at the beginning of the year, indicating a reduction in liquidity[18] - Shareholders' equity totaled ¥2,439,140,332.52, a slight decrease from ¥2,467,004,405.22 in the previous year, indicating a decline of 1.1%[24] Operational Metrics - Total operating revenue for Q3 2018 reached ¥3,329,310,552.94, an increase of 18.1% compared to ¥2,818,339,961.98 in the same period last year[27] - Total operating costs for Q3 2018 were ¥3,195,779,063.82, up from ¥2,709,961,364.65, reflecting a year-over-year increase of 17.9%[28] - Operating profit for Q3 2018 was ¥137,740,742.01, compared to ¥109,536,152.25 in the previous year, indicating a growth of 25.7%[28] - The gross profit margin for Q3 2018 was approximately 10.5%, with operating costs amounting to ¥2,670,827,603.14, up from ¥2,360,683,321.97 in Q3 2017[32] Other Financial Metrics - Management expenses rose by 34.12% to ¥209,293,660.74, due to adjustments in inventory loss accounting and the merger impact[15] - Investment income increased by 79.27% to ¥5,011,772.90, reflecting new financial investment returns[15] - The company recorded a 100% increase in short-term borrowings to ¥80,000,000.00, resulting from the merger with Qingdao Weike Commercial[14] - Other comprehensive income rose by 404.48% to ¥436,006.15, influenced by fluctuations in the USD exchange rate[14]