Financial Performance - The company's operating revenue for 2019 was ¥10,908,554,054.14, representing a year-on-year increase of 2.12%[18]. - The net profit attributable to shareholders for 2019 was ¥159,605,948.03, a decrease of 28.90% compared to the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥106,273,249.20, down 49.20% year-on-year[18]. - The net cash flow from operating activities was -¥393,519,600.10, a decline of 156.81% compared to the previous year[18]. - The total assets at the end of 2019 were ¥10,820,426,602.90, an increase of 2.94% from the end of 2018[19]. - The net assets attributable to shareholders at the end of 2019 were ¥3,966,877,643.26, up 5.25% from the end of 2018[19]. - The company achieved a profit of CNY 39,916.63 million, a year-on-year decrease of 11.16%[36]. - The company reported a basic earnings per share of ¥0.2047, reflecting a decrease of 28.90% from the previous year[18]. - The weighted average return on equity was 4.05%, down from 6.04% in the previous year[18]. Revenue Breakdown - The company operates 253 physical stores across various retail formats, with a revenue structure where department stores (including home appliances) account for 58.82% of total sales[28]. - The supermarket segment contributed 34.50% to the total revenue, while the agricultural product trading market accounted for 2.92%[28]. - The total revenue for the reporting period was 493,731.67 million CNY for department stores, with a year-on-year increase of 1.19%[46]. - The supermarket segment generated revenue of 366,855.49 million CNY, reflecting a year-on-year growth of 7.25%[46]. - The electrical appliance business reported revenue of 103,642.15 million CNY, showing a decline of 6.92% year-on-year[46]. - The revenue from the department store sector (including home appliances) was ¥6.42 billion, accounting for 58.82% of total revenue, which is a decrease of 1.27% compared to the previous year[54]. - The supermarket sector generated ¥3.76 billion, which is 34.50% of total revenue, showing a growth of 5.55% year-on-year[54]. - The real estate sector saw a significant increase in revenue, reaching ¥410.63 million, up 30.78% from the previous year[54]. Store Operations and Expansion - The company opened 30 new retail chain outlets during the reporting period, including the first county-level shopping center[38]. - The company closed 2 department stores and 8 supermarket stores during the reporting period, resulting in a revenue reduction of 2,182.19 million CNY[45]. - The company opened 17 new direct supermarket stores, contributing an additional revenue of 6,467.24 million CNY[45]. - The company expanded its market coverage and optimized its industrial structure, with 11 new self-operated outlets added in 2019[37]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares based on a total share capital of 779,884,200 shares as of December 31, 2019[5]. - The proposed cash dividend is ¥0.8 per 10 shares, totaling ¥62,390,736, which represents 100% of the distributable profit[110]. - The total distributable profit available for shareholders is ¥956,871,018.44 after accounting for previous distributions[110]. - The company has implemented a cash dividend policy that ensures at least 30% of the average distributable profit over three years is distributed in cash[105]. - The company has maintained a consistent cash dividend distribution policy over the past three years, with no changes to the proposed plans[104][107]. Governance and Internal Management - The company revised or formulated 62 internal regulations to improve governance and operational efficiency[39]. - The company aims to enhance its governance structure and decision-making capabilities to ensure better returns for shareholders amidst increasing regulatory standards and market competition[98]. - The company is committed to transparency and timely information disclosure regarding significant events and financial performance[196]. - The company has made efforts to enhance its internal control systems following the financial misconduct incident[195]. Strategic Initiatives and Future Plans - The company plans to focus on talent enhancement over the next three years to ensure long-term and comprehensive talent development[41]. - The company plans to enhance its membership resources by implementing tiered management and improving customer experience through data analysis[92]. - The company aims to achieve a revenue target of 9.5 billion yuan for 2020, focusing on quality and efficiency[91]. - The company plans to invest in information technology to enhance operational efficiency and digitalize management and distribution processes[96]. - The company is planning for the "14th Five-Year Plan" (2021-2025) to ensure high-quality development and strategic growth[96]. Social Responsibility and Community Engagement - The company has actively engaged in social responsibility initiatives, conducting over 300 volunteer service activities during the reporting period[179]. - The company facilitated the sale of nearly 40,000 tons of agricultural products from impoverished areas, generating approximately CNY 170 million in revenue during the reporting period[181]. - The company donated over CNY 270,000 in various forms to support education and assist vulnerable groups during the reporting period[183]. - The company established dedicated sales zones for agricultural products from poverty-stricken regions, benefiting around 10,000 people and achieving an annual sales revenue of CNY 150 million from specific vegetable bases[181]. Legal and Compliance Matters - The company did not report any significant accounting errors requiring retrospective restatement during the reporting period[140]. - The company has not engaged in any illegal external guarantees during the reporting period[169]. - The company will closely monitor the legal proceedings to protect its rights and fulfill disclosure obligations[196]. - The company successfully negotiated a settlement for a debt recovery case, resulting in a repayment of 11.2 million yuan from Hainan Le Pu Sheng[154].

Financial Performance - Operating revenue for the reporting period was ¥2,420,044,163.51, reflecting a year-on-year growth of 4.89%[8] - Net profit attributable to shareholders surged by 202.92% to ¥23,930,795.37, while net profit for the year-to-date decreased by 6.46% to ¥160,505,954.66[8] - Basic earnings per share rose by 203.96% to ¥0.0307, with diluted earnings per share also at ¥0.0307[8] - Operating profit for the current period was ¥53,538,443.73, representing a significant increase of 63.7% from ¥32,724,042.07 in the previous period[42] - Net profit for the current period was ¥35,826,699.51, which is a 99.5% increase compared to ¥18,012,243.27 in the same period last year[42] - Total operating revenue for the current period reached ¥8,383,381,001.05, an increase of 6.35% compared to ¥7,883,169,105.61 in the previous period[47] - Net profit for the period was ¥239,790,483.42, representing an increase of 12.43% from ¥213,179,820.81 in the same period last year[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,781,562,510.02, an increase of 2.57% compared to the previous year[8] - Total non-current assets increased to CNY 5,797,507,926.63 from CNY 4,809,082,770.64, representing a growth of approximately 20.6% year-over-year[32] - Current liabilities decreased to CNY 5,295,181,177.47 from CNY 5,597,980,287.34, a reduction of approximately 5.4%[33] - Total liabilities decreased slightly to CNY 5,985,583,236.28 from CNY 6,052,547,985.71, a decline of approximately 1.1%[33] - Owner's equity increased to CNY 4,795,979,273.74 from CNY 4,459,114,902.13, showing an increase of about 7.5%[34] Cash Flow - The company reported a net cash flow from operating activities of -¥733,414,134.18, a significant decline of 342.11%[8] - The net cash flow from operating activities decreased by 342.11% to -¥733,414,134.18 from ¥302,930,325.43, attributed to increased land purchases by real estate companies[17] - Total cash inflow from operating activities was 9,629,380,449.95 CNY, compared to 9,721,537,401.27 CNY in the prior period, reflecting a decline of approximately 0.95%[57] - Cash outflow from operating activities totaled 10,362,794,584.13 CNY, an increase of about 10.0% from 9,418,607,075.84 CNY in the previous period[57] Shareholder Information - The top ten shareholders held a combined 55.77% of the shares, with Hefei Construction Investment Holding Group Co., Ltd. owning 38.00%[12] - The company did not engage in any repurchase transactions during the reporting period[13] Financial Management - Financial expenses increased significantly by 632.70% to ¥20,232,034.83 from ¥2,761,281.90, mainly due to higher interest expenses[17] - The company plans to use up to ¥500,000,000 of its idle funds for entrusted wealth management to enhance investment returns[19] Other Financial Metrics - The company reported a significant increase in undistributed profits to CNY 2,057,744,068.18 from CNY 1,809,126,410.61, an increase of approximately 13.7%[34] - The company received ¥11,200,000 from Hainan Le Pu Sheng as part of a debt recovery agreement, following a debt transfer transaction[17] - The company reported a decrease in tax expenses to ¥18,948,811.56 from ¥16,481,321.22, reflecting effective tax management[42] Company Overview - The company’s chairman is Liu Hao[76] - There were no adjustments or restatements of prior year accounting data required for this report[8]

Financial Performance - The company's operating revenue for the reporting period was ¥5,963,336,837.54, representing a 6.95% increase compared to ¥5,576,014,009.19 in the same period last year[19]. - The net profit attributable to shareholders decreased by 16.56% to ¥136,575,159.29 from ¥163,685,612.21 in the previous year[19]. - The net profit after deducting non-recurring gains and losses fell by 32.75% to ¥105,430,217.70, down from ¥156,762,248.80 year-on-year[19]. - The net cash flow from operating activities was negative at -¥669,091,356.58, a decline of 647.98% compared to ¥122,100,618.13 in the previous year[19]. - Basic earnings per share decreased by 16.58% to ¥0.1751 from ¥0.2099 in the same period last year[19]. - The weighted average return on net assets was 3.39%, down from 4.37% in the previous year, a decrease of 0.98%[19]. - Total assets at the end of the reporting period were ¥10,483,502,045.34, a slight decrease of 0.27% from ¥10,511,662,887.84 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 5.75% to ¥3,985,611,721.00 from ¥3,769,021,285.04 at the end of the previous year[19]. - The decline in net profit was primarily due to a shrinking profit margin in the retail sector amid intense regional competition and rising operational costs[19]. Revenue Breakdown - The company's total revenue for the reporting period was RMB 5,963.34 million, representing a year-on-year growth of 6.95%[27]. - The revenue breakdown shows that the department store segment (including home appliances) accounted for 58.19%, supermarkets 33.39%, agricultural trading markets 2.62%, and real estate 5.80%[27]. - The company achieved operating revenue of 5,963.34 million yuan, a year-on-year increase of 6.95%[36]. - The total profit amounted to 314.47 million yuan, reflecting a growth of 16.33% year-on-year[36]. - The revenue from Hefei City was ¥3,859,502,370.91, showing a year-on-year increase of 9.03%[56]. - Total revenue for the department store sector reached ¥3,470,050,195.94, with a year-on-year decrease of 1.35%[56]. - Supermarket sector revenue was ¥1,991,254,384.84, reflecting a year-on-year increase of 5.32%[56]. - The revenue from the supermarket subsidiary, Hejiafu, reached approximately CNY 2.25 billion, with a net profit of CNY 61.53 million[73]. Operational Developments - The company has 236 physical stores strategically located in key business districts across multiple cities in Anhui Province, establishing a retail network that radiates from the provincial capital[27]. - The company is undergoing significant upgrades and renovations in its department stores and agricultural markets, indicating ongoing investment in its infrastructure[32]. - The company opened 2 new stores under the "Hejiafu" brand and initiated the development of franchise stores, with 5 franchise stores currently operational[38]. - The company signed contracts for land transfer for the first phase of the Hefei Agricultural Product Logistics Park project[38]. - The company implemented a talent reserve system for young employees, conducting 347 training sessions to enhance professional skills[40]. Financial Challenges - The company reported a significant increase in financial expenses, rising by 634.93% to CNY 12.65 million due to increased loan interest payments[54]. - The cash flow from operating activities showed a negative net amount of CNY 669.09 million, a decrease of 647.98% compared to the previous year[54]. - The company is facing risks related to macroeconomic conditions, industry transformation, market competition, product safety, and operational challenges[76]. - The company reported a total comprehensive income of CNY 213.28 million for the first half of 2019, compared to CNY 254.26 million in the same period of 2018, reflecting a decrease of about 16.14%[163]. Social Responsibility - The company actively engages in social responsibility, particularly in poverty alleviation efforts, aligning with national strategies[108]. - The company facilitated the sale of agricultural products from impoverished areas, achieving a total sales amount of 52 million yuan in the Zhougudui market during the reporting period[110]. - The company organized 4 production and sales matching events, resulting in intention contracts worth 12 million yuan[110]. - The company has signed 11 assistance cooperation agreements with local cooperatives and village committees, directly helping nearly 2,000 disadvantaged farmers[110]. - The company is committed to social responsibility, engaging in various charitable activities, including donations to schools and support for vulnerable groups[111]. Shareholder Information - The total number of shares is 779,884,200, with 99.89% being unrestricted shares[125]. - The company has 28,538 common stock shareholders at the end of the reporting period[130]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[130]. - The second largest shareholder, Qianhai Life Insurance Co., Ltd., holds 4.75% of the shares, totaling 37,054,381 shares[130]. - The company has not reported any significant changes in restricted shares during the period[127]. Future Outlook - The company plans to accelerate transformation and innovation to enhance operational quality and core competitiveness in response to market changes[76]. - The company’s management indicated plans for market expansion and new product development in the upcoming quarters, although specific figures were not disclosed[157]. - The company plans to invest 1.281 billion yuan in the Chizhou Agricultural Products Logistics Park project to enhance its strategic layout in the agricultural product circulation sector[116]. - The company aims to expand sales channels for agricultural products from impoverished areas through its various sales platforms, including wholesale markets and supermarkets[115].

1 证券代码：000417 证券简称：合肥百货 公告编号：2019-19 合肥百货大楼集团股份有限公司关于参加 2019 年安徽上市公司投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为加强与投资者特别是中小投资者的沟通交流，便于投资者能更深入全 面了解合肥百货大楼集团股份有限公司（以下简称"公司"）经营状况、发 展战略等投资者关心的问题，公司将参加由安徽上市公司协会与深圳市全景 网络有限公司联合举办的"2019 年安徽上市公司投资者集体接待日活动"， 现将有关事项公告如下： 本次投资者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，采取网络远程方式进行，投资者可以登录投资者关系互动平台 （http://rs.p5w.net/）参与本次活动，活动时间为 2019 年 6 月 3 日（星 期一） 14:00-17:30。 届时公司总会计师刘华生先生、董事会秘书杨志春先生及其他工作人员 将出席本次投资者集体接待日活动，与投资者进行"一对多"形式的在线交 流。欢迎广大投资者积极参与。 特此公告。 合肥百货大楼集团股份有限公司董事 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥3,531,064,708.45, representing a 9.58% increase compared to ¥3,222,356,469.91 in the same period last year[8] - The net profit attributable to shareholders was ¥119,976,925.93, up 5.74% from ¥113,466,609.66 year-on-year[8] - The net profit after deducting non-recurring gains and losses decreased by 9.48% to ¥100,610,159.32 from ¥111,145,801.67 in the previous year[8] - The basic earnings per share rose by 5.70% to ¥0.1538 from ¥0.1455 in the same period last year[8] - The weighted average return on equity was 2.98%, slightly down from 3.05% in the previous year[8] - The total operating revenue for Q1 2019 was CNY 3,531,064,708.45, an increase of 9.6% compared to CNY 3,222,356,469.91 in Q1 2018[38] - Net profit attributable to shareholders for Q1 2019 was CNY 976,993,865.85, compared to CNY 793,492,898.72 in Q1 2018, representing a year-on-year increase of 23.1%[37] - The operating profit for Q1 2019 was CNY 243,719,852.31, an increase from CNY 177,030,479.38 in the same quarter last year[41] - The total profit for Q1 2019 was CNY 243,354,036.83, compared to CNY 177,104,185.10 in Q1 2018, marking a significant increase[41] Cash Flow - The net cash flow from operating activities was negative at -¥17,578,589.75, a decline of 106.64% compared to ¥264,616,576.25 in the same period last year[8] - Cash flow from operating activities decreased by 106.64% to -¥17,578,589.75 from ¥264,616,576.25 mainly due to increased purchases and prepayments[17] - The cash flow from operating activities for Q1 2019 was CNY 4,304,711,344.43, compared to CNY 3,898,298,837.64 in Q1 2018, indicating strong cash generation[47] - Total cash inflow from operating activities was 4,338,955,729.18 CNY, up from 3,928,018,551.31 CNY, reflecting a growth of approximately 10.5%[48] - Cash outflow from operating activities increased to 4,356,534,318.93 CNY from 3,663,401,975.06 CNY, representing an increase of about 18.9%[48] - The net cash flow from investing activities was -500,784,999.68 CNY, worsening from -166,664,997.32 CNY in the previous period, indicating increased investment expenditures[49] - The net cash flow from financing activities was 322,531,359.44 CNY, compared to -150,389,756.20 CNY in the previous period, indicating a positive shift in financing[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,909,884,260.28, an increase of 3.79% from ¥10,511,662,887.84 at the end of the previous year[8] - Current assets decreased to ¥5,347,774,769.52 from ¥5,702,580,117.20, indicating a reduction in liquidity[30] - Non-current assets increased to ¥5,562,109,490.76 from ¥4,809,082,770.64, showing significant investment in long-term assets[30] - The total liabilities of the company were CNY 1,565,430,748.80 as of March 31, 2019, compared to CNY 1,478,070,641.84 at the end of 2018, indicating a rise of 5.7%[36] - Total liabilities were CNY 6,052,547,985.71, showing a decrease of CNY 66,084,340.29[56] - Total equity attributable to shareholders was CNY 3,769,021,285.04, down by CNY 196,997,906.67[57] Shareholder Information - The top shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares, with a total of 296,390,467 shares[12] Inventory and Receivables - Accounts receivable increased by 45.94% to ¥136,237,789.08 from ¥93,351,231.81 due to an increase in customer payments[17] - Prepayments rose by 34.71% to ¥287,791,487.59 from ¥213,636,960.51 as a result of increased supplier payments[17] - Inventory decreased to ¥1,474,411,976.22 from ¥1,679,742,013.24, suggesting improved inventory management[29] - The inventory level increased to CNY 117,395,675.29 from CNY 104,101,760.29, marking a growth of 12.7%[35] - The company reported a significant increase in accounts receivable, which rose to CNY 63,390,884.46 from CNY 39,448,258.74, reflecting a growth of 60.5%[34] Non-Recurring Gains and Losses - The company reported non-recurring gains totaling ¥19,366,766.61, primarily from fair value changes and government subsidies[9] - The company reported a foreign exchange loss of CNY 69,265.42 in Q1 2019, which impacted overall profitability[41]

Financial Performance - The company's operating revenue for 2018 was CNY 10,681,935,553.97, representing a year-on-year increase of 2.81%[18]. - The net profit attributable to shareholders for 2018 was CNY 224,495,838.41, reflecting a growth of 5.32% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 209,196,847.60, which is a 9.18% increase from 2017[18]. - The net cash flow from operating activities reached CNY 692,754,824.14, up by 9.25% year-on-year[18]. - The total assets at the end of 2018 amounted to CNY 10,511,662,887.84, an increase of 4.11% from the previous year[19]. - The net assets attributable to shareholders were CNY 3,769,021,285.04, showing a growth of 2.88% compared to 2017[19]. - The total revenue for 2018 was approximately ¥10.68 billion, representing a year-on-year increase of 2.81% compared to ¥10.39 billion in 2017[52]. - The revenue from the department store sector (including home appliances) was ¥6.50 billion, accounting for 60.84% of total revenue, with a slight decrease of 0.13% year-on-year[52]. - The supermarket sector saw a revenue increase of 6.70% year-on-year, reaching ¥3.57 billion, which constituted 33.38% of total revenue[52]. - The real estate sector experienced significant growth, with revenue increasing by 21.13% year-on-year to ¥313.97 million[52]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares to all shareholders based on a total share capital of 779,884,200 shares as of December 31, 2018[4]. - The company approved a cash dividend of RMB 1.5 per 10 shares for the 2018 fiscal year, totaling RMB 116,982,630, which is 52.11% of the net profit attributable to shareholders[101]. - The cash dividend policy complies with the company's articles of association and has been approved by the shareholders' meeting[102]. - The company has maintained a consistent cash dividend distribution of RMB 1.5 per 10 shares for the past three years[104]. - The total cash dividend distributed over the last three years was RMB 350,947,890, representing 52.11%, 54.88%, and 41.35% of the respective net profits for 2018, 2017, and 2016[105]. Business Operations - The company operates 233 physical stores across various retail formats, maintaining a leading position in the Anhui market[28]. - The retail segment contributed 60.84% of total revenue, while the supermarket segment accounted for 33.38%[28]. - The company opened 30 new chain outlets during the reporting period, increasing its operating area by nearly 200,000 square meters[38]. - The company launched 11 new cross-border direct sales center stores, significantly boosting sales[37]. - The company’s "three self" product sales reached nearly 800 million CNY, achieving double growth in sales gross profit[37]. - The company has established three regional business centers to unify product procurement management and promote resource sharing[38]. - The company opened its first comprehensive shopping center, Binhu Xinyue City, and its first discount lifestyle center, Baiyan Outlet Life Plaza, enhancing its business model[39]. - The company has 180 supermarkets and 27 appliance stores in Anhui Province, generating a total revenue of approximately 487.93 million CNY from supermarkets and 111.35 million CNY from appliance stores[41]. - During the reporting period, the company added 23 new supermarkets and 3 new department stores, contributing an additional revenue of approximately 146.07 million CNY[44]. Market Strategy and Future Plans - The company aims to achieve a revenue target of 10.7 billion yuan for 2019, focusing on growth in retail and agricultural product circulation[86]. - The strategic plan includes a "123456" framework emphasizing brand, channel, service, and team advantages, aiming for a transition from scale efficiency to quality efficiency[84]. - The company plans to enhance its retail model by optimizing product control and increasing direct sourcing, particularly in fresh produce[88]. - The company will leverage new technologies and marketing innovations to improve sales precision and enhance customer engagement[88]. - The agricultural product circulation segment will focus on market resource activation and expanding direct sales to significantly boost main business performance[89]. - The company is responding to consumer demand changes by strengthening experiential upgrades and optimizing its retail format[87]. - The company recognizes the challenges posed by economic pressures and rising operational costs, which may impact consumer spending growth[86]. - The company is committed to enhancing its service quality and customer satisfaction through improved member management and personalized marketing[88]. - The company is focused on expanding community-based retail formats, including community supermarkets and fresh food stores, to drive new profit breakthroughs[90]. Corporate Governance and Management - The company has a clear and transparent decision-making process for profit distribution, involving independent directors and ensuring minority shareholders' rights are protected[102]. - The company’s governance structure includes a mix of experienced executives and independent directors to ensure effective oversight[185][186]. - The company continues to operate under the supervision of its actual controller without any significant changes in ownership structure[180]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 3.6175 million[194]. - The company employed a total of 9,558 staff, with 7,165 in sales roles, 362 in technical positions, and 297 in finance[196]. - The company has no stock incentive plans for directors and senior management during the reporting period[195]. - The average age of the current board members and supervisors is around 50 years[195]. Social Responsibility and Community Engagement - The company was recognized as an "Advanced Charity Unit" in Hefei for its contributions to social welfare and community support[148]. - The company’s "Heart Joy" service brand was awarded the "Excellent Brand of Quality Service" in Anhui Province[145]. - The company established five product sales zones for agricultural products from impoverished areas, providing free promotional support valued at 500,000 CNY[150]. - The company provided assistance to 202 individuals through its mutual aid fund during the reporting period[146]. - The company has committed over 500,000 RMB in scholarships for impoverished university students through its "Golden Autumn Assistance" program[153]. - The company is actively involved in social welfare activities, including support for left-behind children and elderly care, demonstrating its commitment to corporate social responsibility[153]. Risk Management and Internal Control - The company implemented an internal control system improvement initiative, revising the Internal Control Management Manual to enhance risk management[40]. - The company is focused on improving operational quality and core competitiveness while managing various operational risks due to its expanding scale[96]. - The company will strengthen cost control and efficiency improvements through refined management practices and enhanced internal control systems[93]. Investments and Financial Management - The company plans to invest 2.1 billion yuan in 2019 for market project construction, store renovations, and investment expansion[94]. - The company plans to utilize up to 400 million RMB of idle funds for entrusted wealth management to enhance the efficiency of its existing capital[161]. - The company provided a maximum guarantee of 250,000,000 RMB for qualified buyers applying for mortgage loans for commercial properties, with a balance of 47,260,000 RMB at the end of the reporting period[135]. - The company provided a maximum guarantee of 294,000,000 RMB for qualified buyers applying for mortgage loans for residential properties, with a balance of 266,895,000 RMB at the end of the reporting period[136].

Financial Performance - Net profit attributable to shareholders was ¥7,899,944.34, a decrease of 89.65% year-on-year[6]. - Operating revenue for the reporting period was ¥2,307,155,096.42, down 4.85% compared to the same period last year[6]. - Basic earnings per share were ¥0.0101, reflecting a decline of 89.68% year-on-year[6]. - The company reported a net profit of ¥3,406,741.93 after deducting non-recurring gains and losses, a decrease of 94.96% year-on-year[6]. - Net profit attributable to the parent company decreased by 32.14% to ¥171,585,556.55, mainly due to the absence of property transaction profits from the previous year[14]. - The weighted average return on net assets was 0.21%, down 1.88% from the previous year[6]. - No significant changes in expected cumulative net profit for the year compared to the same period last year[20]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥302,930,325.43, an increase of 22.52%[6]. - Cash flow from operating activities increased by 22.52% to ¥302,930,325.43, driven by an increase in advance receipts[14]. - Total assets at the end of the reporting period reached ¥10,210,061,663.53, an increase of 1.13% compared to the end of the previous year[6]. - Accounts receivable increased by 58.83% to ¥120,517,314.57 due to an increase in customer payments[14]. - Prepayments rose by 48.79% to ¥294,596,454.87 primarily due to increased payments to suppliers[14]. - Other current assets increased by 42.87% to ¥501,144,675.99, mainly from bank wealth management products and tax credits[14]. - Short-term borrowings decreased by 21.98% to ¥117,030,347.94 as a result of loan repayments[14]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,298[10]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares[10]. Company Activities and Compliance - The company did not engage in any repurchase transactions during the reporting period[11]. - The company is undergoing internal control improvements following regulatory feedback from the China Securities Regulatory Commission[17]. - No overdue commitments from actual controllers, shareholders, related parties, acquirers, or other related parties during the reporting period[19]. - The company engaged in entrusted wealth management with a total amount of 11,200,000 RMB and an outstanding balance of 27,000,000 RMB[22]. - No overdue or unrecovered amounts related to entrusted wealth management[22]. - No derivative investments during the reporting period[23]. - No research, communication, or interview activities conducted during the reporting period[24]. - No violations regarding external guarantees during the reporting period[25]. - No non-operating fund occupation by controlling shareholders or related parties during the reporting period[26]. Investment and Financial Management - The company provided a guarantee for bank loans totaling up to ¥500 million for its subsidiaries to support market expansion[15]. - Financial expenses decreased by 42.89% to ¥2,761,281.90 due to increased interest income[14]. - The company reported a 76.95% increase in construction in progress to ¥484,947,516.83, reflecting investments in commercial and agricultural projects[14].

Financial Performance - The company's operating revenue for the first half of 2018 was ¥5,576,014,009.19, representing a 3.25% increase compared to ¥5,400,348,292.08 in the same period last year[18]. - The net profit attributable to shareholders decreased by 7.25% to ¥163,685,612.21 from ¥176,486,333.81 year-on-year[18]. - The basic earnings per share decreased by 7.25% to ¥0.2099 from ¥0.2263 in the same period last year[18]. - The company's total operating revenue for the reporting period was 557,601.4 million CNY, representing a year-on-year growth of 3.25%[25]. - The net profit attributable to the parent company was 16,368.56 million yuan, a year-on-year decrease of 7.25%[34]. - The company achieved operating revenue of 557,601.4 million yuan, a year-on-year increase of 3.25%[34]. - The company reported a decrease in comprehensive income to CNY 192,768,120.51 from CNY 198,494,478.79, a decline of 2.63%[150]. - The total comprehensive income for the period was CNY 254,256,871.22, compared to CNY 166,629,748.10 in the previous period, representing an increase of approximately 52.5%[154]. Cash Flow and Assets - The net cash flow from operating activities significantly improved to ¥122,100,618.13, a 369.71% increase from a negative cash flow of ¥45,270,598.53 in the previous year[18]. - The company's cash and cash equivalents increased to ¥3,247,334,945.15, representing 32.73% of total assets, up from 29.04% the previous year[54]. - The total assets at the end of the reporting period were ¥9,920,725,282.91, down 1.74% from ¥10,096,330,569.17 at the end of the previous year[18]. - The total liabilities included short-term borrowings of ¥130,000,000.00, which is 1.31% of total assets, down from 1.66% the previous year[57]. - The total current assets decreased from ¥5,580,260,765.93 to ¥5,358,021,642.93, a decline of approximately 4%[142]. - The company reported a significant increase in net cash flow from operating activities, reaching CNY 122.10 million, compared to a negative cash flow of CNY 45.27 million in the previous year, marking a 369.71% improvement[48]. Revenue Breakdown - The revenue breakdown shows that the department store segment (including home appliances) accounted for 63.08% of total revenue, while the supermarket segment contributed 33.91% and the agricultural trading market contributed 2.71%[25]. - The total revenue from the department store sector (including home appliances) reached ¥3,517,384,051.02, with a year-on-year increase of 0.09%[49]. - The supermarket sector generated revenue of ¥1,890,652,343.79, reflecting a year-on-year growth of 7.82%[49]. - The gross profit margin for the agricultural product trading market was 77.02%, with a year-on-year increase of 17.85% in revenue[49]. - Real estate revenue surged by 292.81% year-on-year, amounting to ¥16,749,060.65, with a gross profit margin of 63.22%[49]. Store Operations and Expansion - The company operates 221 physical stores across various cities in Anhui province, establishing a strong retail network in the region[25]. - The company opened 11 new stores, increasing the total area by over 30,000 square meters during the reporting period[35]. - The total area of newly opened stores in the supermarket sector was approximately 31,790.89 square meters, while the area of closed stores was 8,069.46 square meters[41]. - The company’s self-operated network increased by 17 locations, bringing the total to 317[35]. - The company is actively expanding its cross-border direct sales centers, with 5 new centers opened in the first half of the year[36]. Strategic Initiatives - The company emphasizes a multi-format synergy strategy, integrating department stores, supermarkets, and e-commerce to enhance competitive advantages[30]. - The company has ongoing construction projects including the Daxing Agricultural Market and the Binhu Shopping Center, indicating continued investment in infrastructure[29]. - The company launched its first unmanned convenience store, utilizing facial recognition and self-checkout technology[36]. - The company has a high proportion of self-owned properties, which provides cost advantages and creates barriers for potential competitors[31]. Social Responsibility and Community Engagement - The company has established five agricultural product sales zones for impoverished areas, providing 32 warehouses and waiving rental fees of 500,000 yuan for three months[108]. - The company directly purchased over 6,500 tons of agricultural products from farmers, with direct procurement accounting for 49% of total purchases[109]. - The company invested 50,000 yuan in poverty alleviation projects focused on industrial development[110]. - The company provided 10,000 yuan in funding for impoverished students as part of its educational support initiatives[113]. - The company actively engages in social responsibility initiatives, including support for local schools and welfare institutions[109]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company faces macroeconomic risks that could impact consumer spending and overall industry growth[73]. - The retail industry is undergoing a transformation that requires the company to adapt to new market conditions and develop an efficient supply chain[73]. - The company is committed to enhancing product safety and quality control to mitigate potential risks associated with product safety issues[73]. - The company has not experienced any major litigation or arbitration matters during the reporting period[82]. Shareholder Information - The total number of shares outstanding is 779,884,200, with 99.89% being unrestricted shares[121]. - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[126]. - The company reported no changes in the controlling shareholder or actual controller during the reporting period[128]. - The total number of common shareholders at the end of the reporting period was 29,942[125]. Accounting and Financial Reporting - The financial report for the first half of 2018 was not audited[139]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[186]. - The company has established specific accounting policies for revenue recognition, receivables, investment properties, fixed assets, and intangible assets[185]. - The reporting period for the financial statements is from January 1 to December 31 each year[187].

Financial Performance - The company's operating revenue for Q1 2018 was ¥3,222,356,469.91, representing a 4.24% increase compared to ¥3,091,340,408.99 in the same period last year[6] - The net profit attributable to shareholders was ¥113,466,609.66, a 1.21% increase from ¥112,110,366.16 year-on-year[6] - The net cash flow from operating activities surged by 131.30% to ¥264,616,576.25, up from ¥114,406,006.09 in the previous year[6] - The basic earnings per share increased by 1.18% to ¥0.1455 from ¥0.1438 in the same period last year[6] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,193,905,035.01, a 0.97% increase from ¥10,096,330,569.17 at the end of the previous year[6] - The net assets attributable to shareholders rose by 3.06% to ¥3,775,368,942.26 from ¥3,663,436,377.58 at the end of the previous year[6] - Accounts receivable increased by 52.90% to ¥116,017,372.24, up from ¥75,880,091.63[14] - Prepaid accounts increased by 34.57% to ¥266,448,740.81 from ¥197,993,675.32[14] Cash Flow - The net cash flow from financing activities decreased significantly by 807.46% to -¥150,389,756.20, compared to ¥21,257,796.20 in the previous year[14] Investments and Projects - The company plans to increase its investment in Anhui Airport Baida Qiming Star Cross-border E-commerce Co., Ltd., raising its registered capital from 20 million RMB to 40 million RMB, with a total investment of 9 million RMB from the company and its partner[15] - The company has approved an investment of 427.62 million RMB to establish the Feixi Baida Agricultural Products International Logistics Park project, with a registered capital of 300 million RMB[16] - The company has completed the first phase of capital contribution of 20 million RMB for the Feixi Baida Agricultural Products Logistics Park project, with the remaining capital to be raised as needed[16] - The company has provided a maximum guarantee of 132 million RMB for mortgage loans related to the purchase of project supporting shops[17] Commitments and Investments - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[18] - The company does not have any securities investments during the reporting period[19] - The company does not have any derivative investments during the reporting period[20] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[23]

Financial Performance - The company's operating revenue for 2017 was ¥10,389,909,722.62, representing a 6.72% increase compared to ¥9,735,838,430.15 in 2016[16] - The net profit attributable to shareholders of the listed company decreased by 24.65% to ¥213,148,025.90 from ¥283,476,611.94 in the previous year[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥191,608,371.38, down 24.02% from ¥252,790,962.23 in 2016[16] - The net cash flow from operating activities was ¥634,124,859.92, a decrease of 3.47% compared to ¥682,946,874.76 in the previous year[16] - The company's basic earnings per share decreased by 24.65% to CNY 0.2733 from CNY 0.3635 in the previous year[17] - Total assets increased by 9.44% to CNY 10,096,330,569.17 at the end of 2017, compared to CNY 9,198,541,313.83 at the end of 2016[17] - The company's total revenue for the year was CNY 10,389,909,700, representing a year-on-year growth of 6.72%[26] - The total operating revenue for 2017 was approximately ¥10.39 billion, representing a 6.72% increase from ¥9.74 billion in 2016[51] - The total cost of goods sold for 2017 was approximately ¥8.29 billion, reflecting a 6.35% increase from ¥7.80 billion in 2016[55] Dividend Policy - The company plans to distribute a cash dividend of ¥1.5 per 10 shares based on a total share capital of 779,884,200 shares as of December 31, 2017[6] - The company approved a cash dividend of RMB 1.5 per 10 shares for the 2016 fiscal year, totaling RMB 116,982,630, which represents 54.88% of the net profit attributable to shareholders[103] - For the 2017 fiscal year, the proposed cash dividend remains at RMB 1.5 per 10 shares, with a total expected payout of RMB 116,982,630, pending shareholder approval[105] - The cash dividend policy stipulates that the cumulative cash distribution over three years should not be less than 30% of the average distributable profit for those years[104] - The company has maintained a consistent cash dividend distribution policy, with no changes or adjustments reported during the period[104] Business Operations - The company has not changed its main business since its listing, maintaining its focus on retail operations[15] - The retail segment accounted for 62.64% of total revenue, while the supermarket segment contributed 32.16%[26] - The company operates through various business models including consignment, distribution, and property leasing, with significant revenue from rental income after deducting property costs[28] - The company has a strong multi-format synergy advantage, integrating department stores, supermarkets, and e-commerce, enhancing its competitive edge in market penetration and customer attraction[33] - The company has a high proportion of self-owned properties, providing cost advantages and creating barriers for potential competitors[34] Market Conditions - The retail industry in China has seen a slowdown in growth, with the average annual growth rate of social consumer goods retail sales decreasing from 18.33% in 2010 to 10.2% in 2017[29] - Consumer confidence has improved, contributing to a 58.8% growth rate in consumption's contribution to economic growth in 2017, indicating a positive outlook for future retail performance[29] - The retail market is transitioning towards a dual-line integration model, combining online and offline sales channels effectively[30] - The retail industry is facing challenges from slow income growth and rising operational costs, impacting consumption[89] Strategic Initiatives - The company plans to implement a "123456" strategy focusing on brand, channel, service, and team advantages[87] - The company aims to enhance its core competitiveness through differentiated and deepened operational models[91] - The company plans to expand its agricultural product circulation business, enhancing its market influence and operational efficiency[92] - The company will focus on strategic partnerships and resource integration to stimulate growth in the competitive retail landscape[91] - The company plans to expand its retail coverage rapidly, focusing on areas like Huaibei and Anqing, and aims to complete ongoing projects by the end of 2018[93] Investments and Acquisitions - The company expanded its chain network by acquiring Taikelong Supermarket, enhancing its presence in the southern Anhui market[37] - The company invested in Hefei Xingsheng Investment Management Co., further integrating financial services with core operations[36] - The company has ongoing significant non-equity investments, but specific details were not disclosed in the report[76] - The company plans to invest CNY 4.2 billion in the construction of the Feixi Baida Agricultural Products International Logistics Park to expand its market share and enhance operational capabilities[163] Corporate Governance - The internal control system received a non-standard audit report, highlighting areas for improvement in governance and compliance[6] - The company has received an A-level rating for information disclosure from the Shenzhen Stock Exchange for the seventh consecutive year, emphasizing its commitment to transparency and investor relations[149] - The company has established a multi-level interactive quality management system, ensuring strict quality control in procurement and shelf processes, which contributed to its recognition as a leading entity in food safety and quality management[150] Social Responsibility - The company invested approximately 25.28 million yuan in poverty alleviation efforts and provided material assistance valued at 19.53 million yuan during the reporting period[159] - The company actively participated in community service and charity activities, providing free delivery services to over 10,000 individuals from vulnerable groups[154] - The company established a special fund for educational assistance, supporting impoverished rural students to complete their studies[158] - The company reinforced its commitment to corporate social responsibility by engaging in various social welfare activities, including support for the elderly and left-behind children[154] Employee Management - The total number of employees in the company is 9,248, with 8,847 in major subsidiaries and 401 in the parent company[196] - The company has established a training management system and annual training plans to enhance employee skills and promote career development[198] - The company's compensation policy is designed to ensure that total wage growth does not exceed the growth of economic benefits, and actual wage increases are aligned with labor productivity growth[197]