Meeting Summary - The annual general meeting of Shanghai Bailian Group Co., Ltd. was held on June 26, 2025, with no resolutions rejected [2][4] - The meeting was convened by the board of directors and chaired by Mr. Cao Hailun, with compliance to the Company Law and Articles of Association [2][3] Attendance - Out of 9 current directors, 8 attended the meeting, with some participating via video; the chairman was absent due to health reasons [3] - Out of 3 current supervisors, 2 attended, with the supervisor chairman absent for work reasons [3] Resolutions Passed - The following resolutions were approved: - 2024 Annual Board Work Report [4] - 2024 Annual Supervisory Board Work Report [4] - 2024 Annual Report Full Text and Summary [5] - 2024 Financial Settlement and 2025 Financial Budget [5] - 2024 Profit Distribution Proposal [5] - Proposal for 2025 Comprehensive Credit Line Application [5] - 2024 Daily Related Transactions and 2025 Estimated Transactions [5] - Financial Service Agreement with Bailian Group Financial Co., Ltd. [5] - Proposal for Opening Guarantee Pool Business [5] - Proposal for Purchasing Directors, Supervisors, and Senior Management Liability Insurance [6] - Non-independent Director Remuneration Plan [6] - Change of Accounting Firm [6] - Proposal to Cancel Supervisory Board and Amend Articles of Association [6] - Amendments to Shareholders' Meeting Rules [6] - Amendments to Board Meeting Rules [6] - Financial Assistance Extension to Shanghai Shangying Bailian Cinema Management Co., Ltd. [6] - Land Reserve Proposal [7] Legal Compliance - The meeting was witnessed by Guohao Law Firm, confirming that the convening and procedures complied with relevant laws and regulations [7] Guarantee Pool Business Update - The company has approved the establishment of a guarantee pool with a limit of up to RMB 200 million, with specific allocations for subsidiaries based on their debt ratios [10][12] - As of the announcement date, the company and its subsidiaries have applied for a total guarantee amount of RMB 55.72 million, with the company assuming joint liability for RMB 46.52 million [11][10] Subsidiary Financials - The wholly-owned subsidiary, Dongfang Department Store Co., Ltd., reported total assets of RMB 20.82 million and total liabilities of RMB 38.58 million as of March 31, 2025, with a net asset deficit [14]

| 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1100 | 0.1100 | 0 | 0.1200 | | 每股净资产（元） | 11.14 | 10.05 | 10.85 | 10.01 | | 每股公积金(元) | 1.74 | 1.73 | 0.58 | 1.71 | | 每股未分配利润(元) | 6.94 | 5.54 | 25.27 | 5.48 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 75.93 | 88.29 | -14 | 94.93 | | 净利润(亿元) | 1.93 | 1.93 | 0 | 2.09 | | 净资产收益率(%) | 0.98 | 1.08 | -9.26 | 1.19 | 数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 前十大流通股东累计持有： 99761.84万股，累计占流通股比： 55.92%，较上期变化： -890.92万股。 | 名称 ...

前十大流通股东累计持有： 100652.76万股，累计占流通股比： 56.42%，较上期变化： -225.98万股。 | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 百联集团有限公司 | 84963.13 | 47.62 | 不变 | | 上海百联控股有限公司 | 5143.90 | 2.88 | 不变 | | 上海豫赢企业管理有限公司 | 4748.22 | 2.66 | 不变 | | 香港中央结算有限公司 | 1601.93 | 0.90 | 192.99 | | 中国建设银行股份有限公司-东方红启东三年持有期混合 型证券投资基金 | 939.19 | 0.53 | 新进 | | 中国工商银行股份有限公司-中证上海国企交易型开放式 | | | | | 指数证券投资基金 | 769.07 | 0.43 | 新进 | | 北京霆泉私募基金管理有限公司-霆泉新纪元一号私募证 | | | | | 券投资基金 | 732.00 | 0.41 | 142.43 | | 招商银行股份有限公司-南方中证100 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥15,173,289,900.28, a decrease of 7.17% compared to ¥16,344,461,562.46 in the same period last year[12]. - Net profit attributable to shareholders for the first half of 2024 was ¥274,441,974.22, down 17.58% from ¥332,963,607.88 in the previous year[12]. - The net cash flow from operating activities decreased by 35.93%, amounting to ¥1,216,640,670.18 compared to ¥1,898,968,804.12 in the same period last year[13]. - Basic earnings per share for the first half of 2024 were ¥0.15, a decline of 21.05% from ¥0.19 in the same period last year[14]. - The net profit after deducting non-recurring gains and losses was ¥200,802,488.39, down 29.22% from ¥283,696,358.59 in the previous year[13]. - The weighted average return on net assets was 1.53%, a decrease of 0.34 percentage points compared to 1.87% in the same period last year[14]. - Operating costs decreased by 5.85% to ¥11,297,283,847.92 from ¥11,999,830,317.83 year-on-year[24]. - Research and development expenses significantly reduced by 56.95%, amounting to ¥4,150,717.80 compared to ¥9,640,621.69 in the previous year[24]. - The company reported a significant increase in total assets for its subsidiaries, with Shanghai Outlets Brand Direct Sales Plaza Co., Ltd. having assets of CNY 1.49 billion[33]. - The total revenue for the first half of 2024 reached approximately CNY 7.63 billion, with a net profit of CNY 5.68 billion after accounting for losses[59]. Strategic Initiatives - The company is focusing on high-quality development and has implemented strategic initiatives to enhance core competitiveness and operational efficiency[18]. - The company has established a strategic partnership with numerous domestic and international brands, enhancing its multi-channel supply chain capabilities[19]. - The company is actively transforming its business model, including the renovation of women's product stores to create exclusive offline social experience spaces[20]. - The company has made significant progress in its supply chain system, aiming to increase the number of strategic suppliers and enhance collaboration with core brands[20]. - The company has launched new projects such as the Youmai Life Plaza and the Bailian Southern Shopping Center, focusing on transformation and enhancement[20]. - The company aims to create a high-quality, youthful commercial benchmark by upgrading its beauty and dining offerings in flagship stores[20]. - The company is actively promoting the construction of a 15-minute convenient living circle, replicating the model to four community shopping centers[21]. - The company is committed to sustainable development, enhancing its ESG governance level, and promoting public welfare activities[23]. Financial Management - The company issued a total of CNY 500 million in short-term financing bonds in 2024, with the first issuance at a coupon rate of 2.37% and the second at 1.99%[17]. - The company received regulatory approval for its public REITs project, which is expected to enhance its capital structure and investment capabilities[17]. - The company reported a total of ¥10.24 million in related party transactions for purchasing goods and vehicles from its subsidiaries[50]. - The total amount of related party transactions for the reporting period reached approximately ¥774.34 million[51]. - The company has ensured the independence of its personnel, assets, finances, and operations post-transaction, preventing any fund occupation by the controlling shareholder[46]. Market Trends - In the first half of 2024, the total retail sales of consumer goods in China reached CNY 2,359.69 billion, representing a year-on-year growth of 3.7%[18]. - The company anticipates a growth rate of 10% in revenue for the next fiscal year, driven by new product launches and market expansion strategies[59]. - User data indicates a growth in active customer accounts by 15%, reaching 3 million active users by June 30, 2024[104]. - The company is expanding its market presence by opening 50 new stores across various provinces by the end of 2024[103]. Governance and Compliance - The company held its first extraordinary shareholders' meeting on March 25, 2024, to discuss important resolutions[36]. - The company appointed Zhang Shenyu as the new chairman and Cao Hailun as the new general manager in February 2024, following the resignation of former chairman Ye Yongming[38]. - The company has not disclosed any significant changes in its employee stock ownership or incentive plans during the reporting period[39]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[40]. Environmental and Social Responsibility - The company implemented energy management measures to reduce carbon emissions, including establishing energy control targets and promoting green office practices[42]. - The company actively engaged in rural revitalization efforts through partnerships and resource utilization to support local communities[43]. - The company emphasized environmental protection by implementing noise control, improving indoor air quality, and managing light pollution in its operations[41]. Accounting and Financial Reporting - The company will account for the assets and liabilities of subsidiaries acquired under common control at their book values as of the merger date[108]. - The company will use the equity method to account for investments in joint ventures[113]. - The company recognizes long-term prepaid expenses that are amortized over a period exceeding one year, including operating lease improvements and software usage fees[158]. - Revenue is recognized when the company fulfills its performance obligations, which occurs when the customer gains control of the related goods or services[165].

Financial Performance - The company's operating revenue for Q3 2023 was ¥7,227,293,082.33, a decrease of 9.63% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was ¥16,401,090.50, with a year-to-date net profit of ¥344,082,251.66, showing a decrease of 6.16% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was ¥23,559,084,998.02, a decrease of 6.15% compared to ¥25,106,041,678.44 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was ¥247,641,066.90, a significant recovery from a net loss of ¥258,859,701.06 in the same quarter of 2022[21]. - Net profit for the first three quarters of 2023 was CNY 688,182,943.94, compared to CNY 589,276,791.79 in 2022, an increase of about 16.8%[32]. Earnings and Shareholder Information - The basic earnings per share for Q3 2023 was ¥0.01, while the diluted earnings per share was also ¥0.01, both not applicable for year-on-year comparison[6]. - The company reported a total of 10,000 ordinary shareholders as of the end of the reporting period[10]. - Total number of common shareholders at the end of the reporting period is 83,624[11]. - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[11]. - Basic and diluted earnings per share for the third quarter were CNY 0.19, compared to CNY -0.11 in the same period last year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥57,377,469,034.41, a decrease of 0.52% compared to the end of the previous year[6]. - The company's total liabilities as of the end of the third quarter of 2023 amounted to ¥37,022,032,755.91, slightly down from ¥37,621,077,326.33 at the end of the previous year[18]. - The total equity of the company reached ¥20,355,436,278.50, an increase from ¥20,054,668,245.50, showing a positive trend in shareholder value[18]. - Total liabilities decreased from CNY 8,803,790,069.44 to CNY 7,749,878,288.56, a reduction of about 11.93%[30]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥2,801,512,190.53, reflecting a decrease of 3.29% year-on-year[5]. - Cash inflow from operating activities totaled CNY 37,814,307,705.15, slightly up from CNY 37,439,332,249.58 in the previous year[25]. - Cash outflow from operating activities was CNY 35,012,795,514.62, compared to CNY 34,542,614,098.62 in the same period last year[25]. - Net cash flow from investing activities was CNY -494,952,067.70, worsening from CNY -419,863,023.67 year-over-year[25]. - The ending balance of cash and cash equivalents was CNY 17,917,155,218.29, an increase from CNY 15,895,265,263.52 at the end of the previous year[26]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥14,249,903.78, up from ¥13,379,328.60 in the same period of 2022, indicating a focus on innovation[20]. - Research and development expenses were not specified in the report, indicating a potential area for future focus[31]. Other Financial Metrics - The weighted average return on equity increased by 0.09 percentage points to 1.93% year-to-date[6]. - The company reported a profit from asset disposal of ¥24,631,570.82, compared to a profit of ¥13,458,652.92 in the previous year[21]. - The deferred income tax liabilities increased to ¥1,400,444,191.72 from ¥826,945,649.88, reflecting changes in tax obligations[18]. - The company executed new accounting standards starting January 1, 2023, which may impact financial reporting and tax liabilities[36].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 9,486,840,567.09, representing a decrease of 7.77% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 211,574,472.21, an increase of 36.14% year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.12, reflecting a growth of 33.33% compared to the previous year[4]. - Total operating revenue for Q1 2023 was ¥9,486,840,567.09, a decrease of 7.8% from ¥10,286,418,945.04 in Q1 2022[15]. - Net profit for Q1 2023 increased to ¥334,278,791.91, representing a growth of 21.1% compared to ¥276,048,677.44 in Q1 2022[16]. - Operating profit for Q1 2023 was CNY 20,347,753.41, a decrease of 73.9% from CNY 78,105,588.26 in Q1 2022[24]. - Net profit for Q1 2023 was CNY 20,763,777.73, down 73.4% from CNY 78,105,462.19 in Q1 2022[24]. Cash Flow - The net cash flow from operating activities reached CNY 2,934,018,062.24, showing a significant increase of 242.02%[4]. - Cash flow from operating activities for Q1 2023 was ¥2,934,018,062.24, significantly higher than ¥857,849,913.84 in Q1 2022[18]. - In Q1 2023, the company reported a net cash flow from operating activities of -16,403,869.93 RMB, an improvement from -54,406,541.52 RMB in Q1 2022[27]. - Total cash inflow from operating activities was 79,997,886.15 RMB, compared to 54,509,829.96 RMB in the same period last year, representing a 46.8% increase[27]. - The company reported a net cash outflow from financing activities of CNY 688,191,048.59 in Q1 2023[19]. - The company's cash flow from investing activities showed a net inflow of CNY 36,631,766.20 in Q1 2023, compared to a net outflow of CNY 233,530,142.48 in the same period last year[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 57,094,431,800.50, a decrease of 1.01% from the end of the previous year[4]. - The company's current assets totaled ¥25,773,953,760.99, slightly down from ¥25,895,105,795.82, indicating a decrease of about 0.47%[11]. - The total liabilities decreased to ¥36,606,947,315.35 from ¥37,621,077,326.33, marking a reduction of about 2.69%[13]. - Total assets as of March 31, 2023, were CNY 26,087,747,502.08, a decrease from CNY 27,118,056,138.33 at the end of 2022[20]. - Total liabilities decreased to CNY 7,713,731,107.01 as of March 31, 2023, from CNY 8,803,790,069.44 at the end of 2022[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 84,863[8]. - The largest shareholder, Bailian Group Co., Ltd., held 47.62% of the shares[8]. - The company's equity attributable to shareholders increased by 1.48% to CNY 17,860,126,119.76[4]. Comprehensive Income - Other comprehensive income after tax for Q1 2023 was ¥38,977,551.99, a recovery from a loss of ¥362,421,766.98 in Q1 2022[16]. - The company reported an increase in investment income to ¥15,345,307.57 in Q1 2023, compared to ¥18,864,610.74 in Q1 2022[15]. - Total comprehensive income for Q1 2023 was ¥373,256,343.90, compared to a loss of ¥86,373,089.54 in Q1 2022[16]. - The company's total comprehensive income for Q1 2023 was 59,750,326.18 RMB, compared to -284,316,304.79 RMB in Q1 2022, marking a substantial turnaround[25]. Inventory and Investments - The company's inventory decreased to ¥2,906,786,627.68 from ¥3,597,130,757.12, representing a significant drop of approximately 19.2%[11]. - The long-term investments increased to ¥1,216,477,943.04 from ¥1,185,572,869.07, indicating a growth of about 2.61%[12]. - The company’s investment cash inflow decreased significantly to 25,464,217.28 RMB from 209,756,081.25 RMB in the previous year, a decline of 87.9%[28]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[15].

股票简称：百联股份 百联 B 股 证券代码： 600827 900923 编号：临 2023-013 上海百联集团股份有限公司 关于参加 2023 年上海辖区上市公司 年报集体业绩说明会的公告 （一）会议召开时间：2023 年 5 月 10 日（星期三）15:00-17:00 （二）会议召开地点：上证路演中心（http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 公司副董事长、总经理张申羽女士；独立董事朱洪超先生；财务总监、董事会 秘书董小春先生。 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法律责任。 重要内容提示： 上海百联集团股份有限公司（以下简称"公司"）于 2023 年 4 月 19 日披露《公 司2022年年度报告》，为便于广大投资者更全面深入地了解公司2022年度经营成果、 财务状况，公司计划于 2023 年 5 月 10 日（星期三）15:00-17:00 参加"2023 年上 海辖区上市公司年报集体业绩说明会"，就投资者关心的问题进行交流。 一、说明会类型 本次说明会以 ...

Financial Performance - The company's operating revenue for 2022 was ¥32,269,030,985.51, a decrease of 6.87% compared to ¥34,650,149,417.03 in 2021[20] - The net profit attributable to shareholders for 2022 was ¥684,356,259.67, down 9.06% from ¥752,519,163.60 in the previous year[20] - The net profit after deducting non-recurring gains and losses was -¥239,960,290.31, a decline of 137.65% compared to ¥637,379,769.07 in 2021[20] - The net cash flow from operating activities was ¥3,406,599,671.44, representing an 8.51% decrease from ¥3,723,379,559.74 in 2021[20] - The total assets at the end of 2022 were ¥57,675,745,571.83, a slight decrease of 0.29% from ¥57,845,246,466.34 at the end of 2021[20] - The net assets attributable to shareholders at the end of 2022 were ¥17,600,501,981.20, down 1.70% from ¥17,904,019,025.40 in 2021[20] - The basic earnings per share for 2022 were ¥0.38, a decrease of 9.52% from ¥0.42 in 2021[21] - The weighted average return on net assets for 2022 was 3.85%, down from 4.24% in 2021, a decrease of 0.39 percentage points[21] Revenue and Cost Analysis - Total operating costs for 2022 were CNY 32,268,172,237.97, down from CNY 33,763,922,072.69 in 2021, reflecting a reduction of 4.4%[197] - The revenue from the integrated department store business was 1,430.83 million RMB, contributing 60,319.13 million RMB to the net profit attributable to the parent company, accounting for 88.14% of the total[180] - The retail industry faced challenges in 2022, with total retail sales of consumer goods declining by 0.2% to ¥439,733 billion[33] Strategic Initiatives - The company plans to distribute a cash dividend of ¥1.20 per 10 shares, totaling ¥214,100,174.04, subject to approval at the annual general meeting[5] - The company has indicated that the decline in performance is primarily due to the ongoing impact of the domestic consumption market and the implementation of rent reduction policies[21] - The company focused on digital transformation, enhancing store performance and achieving milestones in data-driven enterprise development[31] - The company is committed to enhancing its management team and talent development through various training programs[32] - The company aims to leverage social media to enhance customer engagement and conversion rates[48] Market and Operational Developments - The company launched 15 integrated marketing activities and nearly 500 special marketing events throughout the year to stimulate consumer spending[30] - The company opened several new projects, including the百联奥特莱斯广场 in July 2022 and the百联吴淞生活中心 in January 2022, enhancing consumer experience[30] - The company opened 12 new stores during the reporting period, including the Baillan Outlet Plaza in Qingdao with an area of 50,172 square meters[55] - The company closed 12 stores, including the First Department Store in Songjiang with an area of 6,654 square meters due to operational adjustments[56] Financial Health and Liabilities - The total liabilities for Bailian Group Co., Ltd. were CNY 256,837.72 million, with a notable increase in accounts payable[139] - The company's total liabilities increased slightly to ¥37,621,077,326.33 in 2022 from ¥37,373,730,086.89 in 2021, reflecting a growth of approximately 0.7%[191] - Short-term borrowings decreased significantly to ¥820,816,444.44 in 2022 from ¥1,397,861,888.18 in 2021, a reduction of about 41.3%[191] Corporate Governance and Compliance - The company has not faced any delisting risks or bankruptcy restructuring matters[127] - The company has not reported any significant accounting errors during the reporting period[127] - The audit report emphasizes the importance of internal controls in preventing material misstatements due to fraud or error, highlighting the company's commitment to financial integrity[184] - The company has engaged in discussions with auditors regarding significant audit findings and internal control deficiencies, ensuring transparency in the audit process[187] Community and Social Responsibility - The company invested a total of 52.53 million yuan in poverty alleviation and rural revitalization projects, with 8.32 million yuan in sales of rural specialty products[119] - The company donated a total of 45.1 million yuan to public welfare projects, including 22.2 million yuan in cash donations and 22.9 million yuan in material donations[118] - The company continues to explore new models for public welfare services to enhance community well-being and contribute to high-quality development[118] Future Outlook - The company provided a forward guidance of 12 billion RMB in revenue for the next fiscal year, indicating an expected growth of 20%[86] - The company is investing 500 million RMB in new technology development to improve operational efficiency and customer experience[86] - The retail industry is expected to recover and expand in 2023, focusing on enhancing consumer capacity and improving consumption conditions[48]

Financial Performance - The company's operating revenue for Q3 2022 was approximately ¥7.997 billion, a decrease of 1.30% year-over-year, and year-to-date revenue was approximately ¥25.106 billion, down 5.30% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was a loss of approximately ¥73.89 million, representing a decline of 207.85% year-over-year, while the year-to-date net profit was a loss of approximately ¥190.20 million, down 132.82% compared to the previous year[5][11]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.04, reflecting a decrease of 200.00% year-over-year[6][11]. - Net profit for the third quarter of 2022 was a loss of ¥258,859,701.06, compared to a profit of ¥604,404,550.15 in the same quarter of 2021, indicating a significant decline[22]. - The comprehensive income total for the third quarter of 2022 was a loss of ¥987,976,989.20, compared to a gain of ¥355,341,616.82 in the same quarter of 2021[23]. - Basic and diluted earnings per share for Q3 2022 were both -¥0.11, compared to ¥0.32 in Q3 2021, reflecting a negative shift in profitability[23]. - The total comprehensive income for the third quarter of 2022 was -¥138,250,788.62, a decline from ¥539,469,757.95 in the same quarter of 2021[33]. Assets and Liabilities - The company's total assets at the end of Q3 2022 were approximately ¥57.377 billion, a decrease of 0.81% from the end of the previous year[6]. - Total current assets as of September 30, 2022, amounted to RMB 24,226,326,194.40, an increase from RMB 22,478,476,304.25 at the end of 2021[17]. - Total liabilities as of September 30, 2022, were RMB 38,168,505,079.72, compared to RMB 37,373,730,086.89 at the end of 2021[18]. - The company's total equity attributable to shareholders was ¥16,717,971,496.44 as of the end of Q3 2022, down from ¥17,904,019,025.40 at the end of Q3 2021[22]. - The company's total liabilities and equity amounted to ¥57,377,286,363.10 as of the end of Q3 2022, slightly down from ¥57,845,246,466.34 at the end of Q3 2021[22]. Cash Flow - The net cash generated from operating activities for the year-to-date period was approximately ¥2.897 billion, an increase of 13.62% compared to the same period last year[5]. - The net cash flow from operating activities for Q3 2022 was CNY 2,896,718,150.96, an increase from CNY 2,549,468,565.59 in Q3 2021, reflecting a growth of approximately 13.6%[26]. - Total cash inflow from operating activities was CNY 37,439,332,249.58, compared to CNY 43,190,631,097.90 in the previous year, indicating a decrease of about 13.3%[26]. - The cash flow from operating activities showed a net outflow of ¥94,376,826.97, compared to a net inflow of ¥58,719,870.09 in the first three quarters of 2021[34]. - The cash flow from investment activities generated a net inflow of ¥1,206,873,364.17, a significant improvement from a net outflow of ¥3,053,458,305.58 in the same period last year[35]. - The cash flow from financing activities resulted in a net inflow of ¥2,265,137,026.87, compared to a net outflow of ¥241,829,481.10 in the previous year[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 92,109, with 72,733 A-share holders and 19,376 B-share holders[14]. - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[14]. Operational Strategies - The company implemented a rent reduction scheme in response to the pandemic, which impacted revenue and profitability during the reporting period[7]. - The company actively promoted consumption recovery through various marketing activities, resulting in over 20% sales growth during the "Extraordinary Party" event associated with the "Five-Five Shopping Festival" in Shanghai[7]. - The company is focusing on long-term value creation by transforming and upgrading existing stores to enhance customer experience and optimize product structure[7]. - The company plans to continue leveraging its three-tier marketing system to capture market opportunities in the post-pandemic recovery phase[7]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥13,379,328.60, down from ¥17,106,973.53 in the same period of 2021, a decrease of 21.5%[21].

Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥8.10 billion, a decrease of 2.91% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was approximately ¥68.51 million, representing a significant decline of 59.04% year-over-year[3] - The basic earnings per share for Q3 2021 was ¥0.04, down 55.56% from ¥0.10 in the same quarter last year[4] - The net profit after deducting non-recurring gains and losses for Q3 2021 was approximately ¥58.84 million, a decrease of 62.87% year-over-year[3] - The net profit attributable to shareholders for the year-to-date period increased by 39.15% to approximately ¥579.50 million compared to the same period last year[8] - Total operating revenue for the first three quarters of 2021 reached ¥26,510,710,957.59, an increase of 0.88% compared to ¥26,279,463,107.11 in the same period of 2020[20] - Net profit for the third quarter was ¥604,404,550.15, representing a 19.6% increase from ¥505,516,957.83 in the previous year[21] - Earnings per share for the third quarter were ¥0.32, up from ¥0.23 in the same quarter of the previous year[22] - The company reported a total comprehensive income of ¥355,341,616.82 for the third quarter, compared to ¥29,975,167.98 in the previous year[22] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥56.88 billion, an increase of 4.83% compared to the end of the previous year[4] - Total assets increased to ¥56,884,424,113.57, compared to ¥54,264,048,497.00 at the end of the previous year, reflecting a growth of 4.83%[18] - Total liabilities rose to ¥36,310,127,064.51, an increase of 7.71% from ¥32,794,202,939.02[18] - Non-current liabilities increased significantly to ¥13,670,769,925.64, up 51.5% from ¥9,023,878,300.01[18] - The total equity attributable to shareholders decreased to ¥17,756,528,905.65 from ¥18,287,304,140.82, a decline of 2.9%[18] - Total liabilities amounted to ¥32,794,202,939.02, a decrease of ¥4,438,659,946.38 compared to the previous period[30] - Total equity reached ¥21,469,845,557.98, reflecting a decline of ¥933,780,789.22 from the prior period[30] - The non-current liabilities totaled ¥9,023,878,300.01, down by ¥4,562,532,513.21 compared to the previous period[30] - Current liabilities were reported at ¥23,770,324,639.01, a reduction of ¥123,872,566.83[30] Cash Flow - The company reported a net cash flow from operating activities of approximately ¥2.55 billion for the year-to-date period, an increase of 1.72% compared to the previous year[3] - Operating cash inflow for the first three quarters of 2021 reached ¥43.19 billion, an increase of 4.25% compared to ¥39.52 billion in the same period of 2020[24] - Net cash flow from operating activities was ¥2.55 billion, slightly up from ¥2.51 billion in the previous year, indicating stable operational performance[25] - Cash flow from investment activities showed a net outflow of ¥1.98 billion, a significant decrease from a net inflow of ¥1.39 billion in the same period last year, reflecting increased investment expenditures[25] - Cash flow from financing activities resulted in a net outflow of ¥1.05 billion, contrasting with a small net inflow of ¥9.44 million in the previous year, indicating higher debt repayments[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 96,480, including 76,577 A-share holders and 19,903 B-share holders[11] - The largest shareholder, Bailian Group Co., Ltd., holds 849,631,332 shares, accounting for 47.62% of total shares[11] Government Subsidies and Non-Recurring Gains - The company recognized government subsidies amounting to approximately ¥20.03 million in Q3 2021, contributing to its non-recurring gains[7] - The company experienced a significant increase in non-recurring gains for the year-to-date period, with a rise of 145.48% compared to the same period last year[8] Current Assets and Investments - The company's cash and cash equivalents as of September 30, 2021, amount to ¥15,568,450,261.91, a decrease from ¥16,259,867,066.42 at the end of 2020[16] - The total current assets are reported at ¥21,778,983,905.90, slightly up from ¥21,662,019,755.30 in the previous year[16] - The long-term equity investments as of September 30, 2021, are valued at ¥1,290,698,687.21, a slight decrease from ¥1,307,961,635.43 at the end of 2020[16] - The company has a total of 1,199,306,340.81 in trading financial assets, significantly up from ¥259,979,758.25 in the previous year[16] - The inventory value is reported at ¥2,806,870,986.49, down from ¥3,236,347,515.86 at the end of 2020[16] - The company has a goodwill amounting to ¥138,907,856.22, unchanged from the previous year[16] - The deferred income tax assets increased to ¥113,652,509.43 from ¥68,602,418.92 in the previous year[16] Research and Development - Research and development expenses for the third quarter were ¥17,106,973.53, compared to ¥12,912,761.49 in the same period last year, indicating a 32.5% increase[21]