Financial Performance - The company's revenue for Q3 2022 reached ¥1,688,898,997.80, representing a 16.49% increase year-over-year[4] - Net profit attributable to shareholders was ¥94,107,166.74, a significant increase of 374.45% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses was ¥41,244,515.94, up 397.72% year-over-year[4] - Total operating revenue for the period reached ¥4,988,437,708.17, an increase of 6.63% compared to ¥4,678,649,569.79 in the previous period[17] - Net profit for the period was ¥249,927,507.15, representing a 24.8% increase from ¥200,107,284.75 in the same period last year[19] - The net profit attributable to shareholders of the parent company was ¥198,553,933.64, compared to ¥158,225,983.92, marking a growth of 25.5%[19] - Basic and diluted earnings per share increased to ¥0.2546 from ¥0.2029, reflecting a growth of 25.5%[19] - The company reported a total comprehensive income of ¥249,927,507.15 for the period, up from ¥200,107,284.75, indicating a growth of 24.8%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥13,184,641,973.14, reflecting a 2.26% increase from the previous year[4] - The company's current assets totaled RMB 6.97 billion, compared to RMB 6.65 billion at the beginning of the year, reflecting a growth of approximately 4.93%[15] - The company's total liabilities amounted to RMB 6.97 billion, reflecting a slight increase from RMB 6.85 billion at the beginning of the year[15] - Total liabilities increased to ¥7,956,185,985.38 from ¥7,857,174,875.18, showing a rise of 1.26%[16] - Total equity rose to ¥5,228,455,987.76, compared to ¥5,035,998,604.97, reflecting an increase of 3.82%[16] - Long-term borrowings increased to ¥468,130,055.49 from ¥392,015,669.17, a rise of 19.4%[16] Cash Flow - The company reported a net cash flow from operating activities of ¥651,209,478.91, which is a 27.37% increase year-to-date[4] - Cash generated from operating activities was ¥8,357,134,776.37, down from ¥9,127,987,376.89, indicating a decrease of 8.44%[20] - The net cash flow from operating activities for Q3 2022 was ¥651,209,478.91, an increase from ¥511,257,587.06 in Q3 2021, reflecting a growth of approximately 27.4%[21] - Total cash inflow from operating activities was ¥8,575,965,324.66, while cash outflow was ¥7,924,755,845.75, resulting in a net inflow of ¥651,209,478.91[21] - The company received cash from borrowings amounting to ¥1,063,606,915.53, compared to ¥652,863,239.61 in the previous year, indicating a significant increase of approximately 62.8%[22] - Total cash outflow from financing activities was ¥1,240,135,916.69, resulting in a net cash outflow of ¥176,529,001.16[22] - The ending balance of cash and cash equivalents was ¥2,807,467,412.50, down from ¥3,064,027,976.84 at the beginning of the period[22] - The company reported a decrease in cash and cash equivalents of ¥256,560,564.34 for the quarter[22] Investments and Subsidies - The company’s investment income increased by 123.25% to ¥53,425,290.92 due to the reversal of excess losses from a subsidiary in bankruptcy liquidation[9] - The company received government subsidies totaling RMB 20.94 million during the reporting period, with RMB 8 million recognized as deferred income and RMB 12.94 million recognized as other income[12] - Hefei Department Store Group Co., Ltd. plans to use up to RMB 500 million of its idle funds for entrusted wealth management to enhance the efficiency of its existing capital[13] Inventory and Receivables - Accounts receivable increased by 76.44% to ¥234,569,396.89, primarily due to an increase in customer payments[8] - The company’s inventory decreased by 5.31% to ¥2,480,693,461.64, mainly due to the transfer of costs from property handovers[8] - The company’s accounts receivable increased significantly to RMB 234.57 million, up from RMB 132.94 million, representing an increase of approximately 76.55%[14] - The company’s inventory decreased to RMB 2.48 billion from RMB 2.62 billion, showing a reduction of about 5.06%[15]

Group 1: Event Announcement - Hefei Department Store Group Co., Ltd. will participate in the "2022 Anhui Listed Companies Investor Collective Reception Day" [2] - The event aims to enhance communication with investors, especially small and medium-sized investors [2] - The online event will take place on September 7, 2022, from 16:00 to 17:30 [2] Group 2: Participation Details - Investors can join the interactive session via the "Panorama Roadshow" website [2] - Company executives will discuss the company's 2022 semi-annual report, including performance, governance, development strategy, and operational status [2] - The company encourages widespread participation from investors [2] Group 3: Assurance of Information Disclosure - The company and its board guarantee the authenticity, accuracy, and completeness of the disclosed information [2] - There are no false records, misleading statements, or significant omissions in the announcement [2]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,299,538,710.37, representing a 2.19% increase compared to CNY 3,228,833,149.64 in the same period last year[21]. - The net profit attributable to shareholders decreased by 24.53% to CNY 104,446,766.90 from CNY 138,391,062.74 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 47.85% to CNY 51,610,817.21 compared to CNY 98,966,088.88 in the previous year[21]. - The operating profit for the reporting period was CNY 187.86 million, a decrease of 21.94% year-on-year[35]. - Basic earnings per share decreased by 24.56% to CNY 0.1339 from CNY 0.1775 in the same period last year[21]. - The total comprehensive income for the first half of 2022 was CNY 133,464,513.41, compared to CNY 169,574,391.61 in the same period of 2021, indicating a decline of 21.3%[139]. - The gross profit margin decreased from 22.5% in 2021 to 11.5% in 2022, indicating a significant decline in profitability[141]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 56.10% to CNY 284,806,565.80 from CNY 182,454,672.18 in the same period last year[21]. - The company's cash and cash equivalents decreased from RMB 3,372,968,183.51 at the beginning of the year to RMB 3,033,485,519.66 by June 30, 2022, reflecting a decline of approximately 10.05%[128]. - The ending balance of cash and cash equivalents was ¥2,715,106,161.71, compared to ¥2,140,682,905.63 at the end of the first half of 2021[145]. - The net cash flow from investment activities was -¥570,902,787.14, slightly improved from -¥641,280,086.31 in the same period last year[145]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,045,747,935.44, a 1.18% increase from CNY 12,893,173,480.15 at the end of the previous year[21]. - Total liabilities increased to CNY 7,933,754,941.42 as of June 30, 2022, compared to CNY 7,857,174,875.18 at the start of the year, marking an increase of about 1%[131]. - The company's total equity as of June 30, 2022, was CNY 5,111,992,994.02, up from CNY 5,035,998,604.97 at the beginning of the year, reflecting a growth of approximately 1.5%[131]. - Short-term borrowings rose to CNY 730,990,000.00 as of June 30, 2022, compared to CNY 591,512,680.58 at the start of the year, indicating an increase of about 23.6%[131]. Business Operations - The retail business includes 244 physical stores, with revenue contributions of 34.96% from department stores, 57.64% from supermarkets, and 5.73% from the agricultural trading market[29]. - The company operates 173 direct supermarkets and 22 franchise supermarkets, with a total revenue of CNY 177,483.29 million from the supermarket segment[35]. - The agricultural trading market is recognized as the largest agricultural distribution center in Anhui Province, supported by national policies[29]. - The company has a significant presence in Anhui Province, with department stores generating CNY 54,263.84 million in revenue[35]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company continues to focus on innovation and quality improvement to counteract the negative impacts of the pandemic[35]. - The company plans to enhance operational quality and core competitiveness while mitigating various risk factors to ensure sustainable development[69]. - The company plans to expand its market presence and invest in new product development to drive future growth[150]. Market and Economic Context - The overall economic environment showed a GDP growth of 2.5% in the first half of 2022, despite challenges in the retail sector[32]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 12%[183]. Shareholder Information - The total number of shares is 779,884,200, with 99.89% being unrestricted shares (779,027,451) and 0.11% being restricted shares (856,749) [110]. - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., holds 38.00% of the total shares, amounting to 296,390,467 shares [115]. - There were no new issuances of shares or changes in the status of shares during the reporting period [110]. Risk Factors - The company faces risks related to macroeconomic conditions, industry transformation, market competition, product safety, and operational challenges[68][69]. - The company has not engaged in any high-risk entrusted financial management activities, and there are no overdue amounts or impairment situations[106].

Financial Performance - The company's revenue for Q1 2022 was ¥1,905,101,838.05, representing a slight increase of 0.17% compared to ¥1,901,809,615.54 in the same period last year[2] - Net profit attributable to shareholders decreased by 15.57% to ¥90,862,417.22 from ¥107,614,222.23 year-on-year[2] - The net profit after deducting non-recurring gains and losses fell by 25.95% to ¥60,089,948.11 compared to ¥81,150,464.86 in the previous year[2] - Basic and diluted earnings per share decreased by 15.58% to ¥0.1165 from ¥0.1380 year-on-year[2] - Net profit for Q1 2022 was CNY 108,298,975.37, down from CNY 124,367,557.26 in Q1 2021, reflecting a decrease of 12.93%[19] - Earnings per share (EPS) decreased to CNY 0.1165 from CNY 0.1380, a decline of 15.94%[19] - The company reported a profit margin of approximately 5.68% for Q1 2022, down from 6.54% in Q1 2021[19] Cash Flow - The net cash flow from operating activities increased significantly by 80.85% to ¥100,599,024.10 from ¥55,625,426.70 in the same period last year[2] - Cash flow from operating activities generated a net amount of CNY 100,599,024.10, an increase from CNY 55,625,426.70 in the previous year, showing a growth of 80.73%[21] - The company’s cash inflow from operating activities totaled CNY 3,609,696,953.80, compared to CNY 3,520,277,688.48 in the previous year, indicating a growth of 2.53%[21] - The net cash flow from investment activities was -521,563,439.60 CNY, showing a decrease compared to -535,738,885.83 CNY in the previous period[22] - The cash inflow from financing activities totaled 409,834,434.46 CNY, an increase from 401,849,509.70 CNY in the prior period[22] - The net cash flow from financing activities was -155,894,258.53 CNY, worsening from -38,934,389.05 CNY in the prior period[22] - The total cash and cash equivalents at the end of the period were 2,487,169,302.81 CNY, compared to 2,201,026,850.97 CNY at the end of the previous period[22] - The net increase in cash and cash equivalents was -576,858,674.03 CNY, compared to -519,047,848.18 CNY in the prior period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,861,912,477.44, a decrease of 0.24% from ¥12,893,173,480.15 at the end of the previous year[2] - Shareholders' equity attributable to the parent company increased by 2.18% to ¥4,266,462,882.93 from ¥4,175,600,465.71 at the end of the previous year[2] - The company’s total liabilities amounted to CNY 8,000,000,000, with a debt-to-asset ratio of approximately 62.2%[15] - Total liabilities decreased to CNY 7,717,614,897.10 from CNY 7,857,174,875.18, a reduction of 1.78%[18] - The company reported a total current liabilities of CNY 6,613,103,154.24, slightly down from CNY 6,647,236,324.84[13] - The total non-current assets stood at CNY 6,248,809,323.20, showing a marginal increase from CNY 6,245,937,155.31[15] Changes in Accounts - Accounts receivable increased by 94.47% to ¥258,529,020.12, primarily due to an increase in customer receivables[7] - Other current assets surged by 326.86% to ¥646,729,459.32, mainly due to increased purchases of bank wealth management products[7] - Accounts receivable increased significantly to CNY 258,529,020.12, up from CNY 132,942,477.42, representing a growth of about 94.4%[13] - Inventory levels slightly decreased to CNY 2,566,788,275.52 from CNY 2,619,849,175.87, a reduction of approximately 2.0%[15] - Short-term borrowings decreased to CNY 544,633,372.13 from CNY 591,512,680.58, a decline of about 7.9%[15] - Contract liabilities increased to CNY 2,693,302,958.95 from CNY 2,529,184,729.15, indicating an increase of approximately 6.5%[15] Management Changes - The resignation of the general manager, Wang Hao, was announced, which may impact future strategic decisions[12] Audit Information - The company did not conduct an audit for the first quarter report[23]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, reflecting a year-on-year growth of 15%[14]. - The company reported a net profit of 150 million RMB for 2021, representing a 12% increase compared to the previous year[14]. - The company's operating revenue for 2021 was CNY 6,337,791,186.87, representing a slight increase of 0.13% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 180,849,179.30, marking a significant increase of 31.95% from the previous year[20]. - The net cash flow from operating activities reached CNY 967,914,426.89, a remarkable increase of 254.32% compared to 2020[20]. - The basic earnings per share for 2021 was CNY 0.2319, reflecting a growth of 31.99% year-over-year[20]. - The company achieved a total revenue of 633,779.12 million CNY, a year-on-year increase of 0.13%[32]. - The company’s main business revenue increased by 25.87% to ¥5,844,994,169.75, while other business revenue surged by 89.60% to ¥492,797,017.12[57]. - The company reported a significant decline in net profit for the supermarket segment, down 180.83% year-on-year, primarily due to pandemic-related impacts from the previous year[39]. - The company achieved a net profit of 48,064,563.93 RMB for the reporting period, after allocating 10% to statutory reserves and 20% to discretionary reserves[137]. Dividend Distribution - The company plans to distribute a cash dividend of 0.60 RMB per 10 shares to all shareholders based on a total share capital of 779,884,200 shares as of December 31, 2021[5]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 976,229,979.11 RMB[136]. - The company distributed a total cash dividend of CNY 46,793,052 for the year 2020, continuing its practice of cash dividends to shareholders[147]. Market Expansion and Strategy - The company is focusing on expanding its market presence by opening 10 new retail locations in 2022, targeting a 20% increase in customer footfall[14]. - The company has identified potential acquisition targets in the e-commerce sector to diversify its revenue streams and enhance online sales capabilities[14]. - The company anticipates a revenue growth of 10% to 12% for the fiscal year 2022, driven by increased consumer spending and market expansion efforts[14]. - The company is focusing on digital transformation and multi-channel integration to enhance operational efficiency in response to changing consumer preferences[31]. - The company plans to enhance its retail business by exploring diversified operating models and optimizing product categories[89]. - The company is focusing on community shopping centers and fresh food supermarkets to enhance service capabilities[91]. Operational Efficiency and Investments - The company is investing 50 million RMB in research and development for new product lines aimed at enhancing customer experience[14]. - The company plans to enhance its operational efficiency through digital upgrades and a user-centered approach to retail[86]. - The company aims to optimize its supply chain and enhance its cold chain logistics capabilities[90]. - The company plans to invest 1.3 billion yuan in 2022 for market project construction, store renovations, and expanding investment areas[94]. - The company has implemented new digital marketing strategies, resulting in a 30% increase in online engagement and sales[14]. Sustainability and Social Responsibility - The company is committed to sustainability initiatives, aiming to reduce operational carbon emissions by 15% over the next three years[14]. - The company’s energy consumption decreased by 20.74% year-on-year, contributing to national carbon neutrality goals[151]. - The company actively participated in over 200 public welfare activities, benefiting nearly 50,000 people during the reporting period[152]. - The company provided scholarships to 316 employees' children and assisted 225 employees in need through its mutual aid fund during the reporting period[150]. - The company launched a "Village-Enterprise Co-construction" initiative to deepen cooperation with rural areas, promoting rural revitalization[155]. Governance and Management - The company has established a comprehensive internal control system, with no significant deficiencies reported during the period[139]. - The company maintains a transparent information disclosure process, adhering to relevant regulations and ensuring timely and accurate communication with investors[104]. - The company has a structured governance framework with a mix of independent and internal directors[106]. - The company is committed to maintaining a stable management team with no significant changes in senior management positions reported[107]. - The company has undergone significant changes in its board composition, which may impact its strategic direction and operational focus moving forward[109]. Financial Position and Assets - Total assets at the end of 2021 amounted to CNY 12,893,173,480.15, an increase of 15.88% from the end of 2020[21]. - The company's equity totaled CNY 4,844,637,463.78, remaining unchanged from the previous year[178]. - Total liabilities reached CNY 6,281,486,072.20, reflecting a decrease of CNY 1,064,718,817.60 year-over-year[178]. - Cash and cash equivalents stood at CNY 579,121,300.84, unchanged from the previous year[181]. - The company recognized a lease liability of CNY 40,909,528.52 and a right-of-use asset of CNY 50,286,200.96 due to the new leasing standard[185].

Financial Performance - The company's revenue for Q3 2021 was ¥1,449,816,420.15, a decrease of 4.98% compared to the same period last year[3] - Net profit attributable to shareholders was ¥19,834,921.18, down 34.73% year-on-year[3] - Total operating revenue for the third quarter was CNY 4,678,649,569.79, a decrease of 0.8% compared to CNY 4,716,574,684.45 in the same period last year[20] - Net profit for the period reached CNY 200,107,284.75, an increase of 21.3% from CNY 165,053,600.32 year-on-year[22] - Earnings per share (EPS) increased to CNY 0.2029, compared to CNY 0.1623 in the previous year, indicating improved profitability[22] Cash Flow - The net cash flow from operating activities reached ¥511,257,587.06, an increase of 352.42% compared to the same period last year[9] - The net cash flow from operating activities for Q3 2021 was ¥511,257,587.06, an increase from ¥113,005,509.59 in Q3 2020, representing a significant improvement[25] - Total cash inflow from operating activities reached ¥9,246,340,196.22, compared to ¥8,067,175,643.29 in the same period last year, indicating a year-over-year growth of approximately 14.6%[25] - The cash outflow for operating activities was ¥8,735,082,609.16, up from ¥7,954,170,133.70 in Q3 2020, reflecting an increase of about 9.8%[25] - Cash inflow from financing activities was ¥652,863,239.61, compared to ¥620,806,631.77 in Q3 2020, showing a slight increase of about 5.4%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,661,500,485.60, up 13.80% from the end of the previous year[4] - The total liabilities amounted to RMB 6.21 billion, compared to RMB 5.76 billion in the previous year, reflecting an increase of about 7.8%[17] - The total liabilities increased to CNY 7,672,265,861.43 from CNY 6,281,486,072.20, reflecting a rise in long-term borrowings and lease liabilities[21] - The total current liabilities were CNY 5,759,397,280.23, showing a decrease of CNY 158,647,810.77[30] - The total assets of the company were reported at CNY 11,126,123,535.98, indicating a decrease from CNY 12,218,700,732.26[31] Equity - The total equity attributable to shareholders increased by 2.76% to ¥4,152,977,270.33[4] - The total equity attributable to shareholders of the parent company rose to CNY 4,152,977,270.33, compared to CNY 4,041,544,338.41 in the previous year[21] - The company reported a total of CNY 1,928,759,205.64 in undistributed profits, which contributes to the overall equity[30] - Minority interests accounted for CNY 803,093,125.37, contributing to the overall equity structure[31] Operational Changes - The company is expanding its business scope to meet operational needs, which includes amendments to its articles of association[14] - Hefei Department Store Group Co., Ltd. plans to invest RMB 10 million to establish a new subsidiary focused on market management, enhancing its operational capabilities[13] - The company has approved the use of up to RMB 500 million of idle funds for entrusted wealth management to improve the efficiency of existing capital[13] Financial Management - Financial expenses rose by 76.20% to ¥56,814,698.47, primarily due to new lease accounting standards[9] - The company reported a financial income of CNY 35,567,613.61, up from CNY 19,851,984.92, indicating better management of financial assets[21] - Investment income from joint ventures and associates was CNY 3,028,553.93, compared to CNY 1,120,510.72, reflecting growth in collaborative ventures[21] Inventory and Receivables - The company reported a significant increase in accounts receivable by 72.49% to ¥147,581,617.40 due to increased customer payments[7] - The company reported an increase in accounts receivable to RMB 147.58 million from RMB 85.56 million, a growth of approximately 72.4%[16] - The inventory increased to RMB 2.52 billion, up from RMB 2.41 billion, indicating a rise of approximately 4.6%[16] Government Support - The company received government subsidies totaling RMB 10.97 million during the reporting period, which were recognized as other income[13] Reporting and Standards - The report for the third quarter was not audited, which may impact the reliability of the financial data presented[32] - The company has implemented the new leasing standards since January 1, 2021, affecting the financial reporting[32]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,228,833,149.64, representing a 1.19% increase compared to CNY 3,190,820,018.69 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 138,391,062.74, a significant increase of 43.90% from CNY 96,174,437.59 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,966,088.88, up 63.63% from CNY 60,481,972.70 in the same period last year[22]. - The net cash flow from operating activities was CNY 182,454,672.18, a turnaround from a negative cash flow of CNY -345,998,675.04 in the previous year, marking a 152.73% improvement[22]. - Basic earnings per share increased to CNY 0.1775, up 43.96% from CNY 0.1233 in the same period last year[22]. - The operating profit reached 240.66 million CNY, up 28.60% compared to the same period last year[36]. - The total profit amounted to 242.36 million CNY, reflecting a growth of 29.75% year-on-year[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,291,062,138.01, reflecting a 10.47% increase from CNY 11,126,123,535.98 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 4,133,142,349.15, a 2.27% increase from CNY 4,041,544,338.41 at the end of the previous year[22]. - The company's total liabilities reached CNY 7,323,643,334.62, compared to CNY 6,281,486,072.20 at the end of 2020, marking an increase of around 16.6%[138]. - The company's cash and cash equivalents decreased by 7.23% to 2,542,836,960.47 CNY, attributed to investments in financial products[58]. Revenue Segmentation - The retail business includes 249 physical stores, with revenue contributions of 38.87% from department stores, 54.26% from supermarkets, and 6.03% from the agricultural trading market[30]. - The company reported a revenue of CNY 175,202.03 million for the supermarket segment, showing a year-on-year decrease of 7.45%[40]. - The net profit for the supermarket segment decreased by 69.57% year-on-year, primarily due to the impact of community group buying and other channels diverting sales[41]. - The department store segment achieved a revenue of CNY 65,304.73 million, reflecting a year-on-year increase of 25.69%[40]. - The net profit for the department store segment increased significantly by 226.75% year-on-year, reaching CNY 8,185.79 million[40]. Operational Strategy - The company has implemented a management model that includes headquarters, regional, and store-level collaboration to ensure effective procurement and inventory management[42]. - The company focuses on sourcing products from reputable suppliers to ensure timely supply and a reasonable product structure[42]. - The company has a clear strategy for managing slow-moving or seasonal products, including promotional activities to minimize losses[43]. - The company has actively engaged in targeted assistance to resolve the issue of unsold agricultural products, collaborating with local governments and cooperatives[84]. Market Position and Competition - The company ranked 15th in the China Retail Top 100 and 48th in the China Chain Top 100 during the reporting period[34]. - The retail industry is experiencing high competition, with increasing costs related to talent, brand, and quality outlet competition, alongside challenges from e-commerce and self-built channels[70]. - The company is facing macroeconomic risks, including the long-term effects of the COVID-19 pandemic on consumer confidence and disposable income, which could adversely affect industry growth[69]. Future Outlook and Plans - The company plans not to distribute cash dividends or issue bonus shares[6]. - The report includes forward-looking statements regarding future plans, which do not constitute a substantive commitment to investors[5]. - The company plans to accelerate transformation and innovation, focusing on improving operational quality and core competitiveness in response to market changes[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,023[122]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares, totaling 296,390,467[122]. - The company has a diverse shareholder base, including both state-owned and private entities[123]. Financial Management and Compliance - The company adopted new leasing standards effective January 1, 2021, in compliance with the revised accounting regulations[111]. - The company adheres to the latest enterprise accounting standards and reflects its financial status accurately[177]. - The company corrected prior accounting errors related to revenue recognition in retail operations, affecting reports from Q1 to Q3 of 2020[110].

证券代码：000417 证券简称：合肥百货 公告编号：2021—34 合肥百货大楼集团股份有限公司关于参加 2021 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，便于投资者更深入全面地了 解合肥百货大楼集团股份有限公司（以下简称"公司"或"本公司"） 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联合深圳市全景 网络有限公司联合举办的"安徽辖区上市公司 2021 年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 2021 年 5 月 18 日下午 14:00-17:30。 公司出席本次集体接待日的人员有：董事会秘书杨志春先生、证券事务代表 胡楠楠女士及其他工作人员。 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会 2021 年 5 月 1 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,901,809,615.54, representing a 9.02% increase compared to ¥1,744,527,134.47 in the same period last year[8]. - Net profit attributable to shareholders increased by 80.26% to ¥107,614,222.23 from ¥59,698,960.92 year-on-year[8]. - The net profit after deducting non-recurring gains and losses rose by 110.48% to ¥81,150,464.86 compared to ¥38,555,747.34 in the previous year[8]. - Basic and diluted earnings per share both increased by 80.39% to ¥0.1380 from ¥0.0765 year-on-year[8]. - The net profit for the first quarter of 2021 reached CNY 124,367,557.26, compared to CNY 74,184,454.48 in the previous year, indicating an increase of about 67.6%[40]. - The operating profit for the first quarter was CNY 167,291,305.27, up from CNY 109,170,332.29, reflecting a growth of approximately 53.2%[40]. - The company reported a total comprehensive income of CNY 124,367,557.26 for the quarter, compared to CNY 74,184,454.48 in the same period last year, indicating an increase of approximately 67.6%[41]. Cash Flow - The net cash flow from operating activities improved significantly to ¥55,625,426.70, a turnaround from a negative cash flow of ¥383,270,629.20 in the same period last year, marking a 114.51% increase[8]. - The cash inflow from operating activities amounted to CNY 3,520,277,688.48, an increase from CNY 2,858,757,723.11 in the previous period, reflecting a growth of approximately 23.1%[47]. - The net cash flow from operating activities was CNY 55,625,426.70, a significant improvement compared to a net outflow of CNY 383,270,629.20 in the prior period[48]. - Cash outflows for purchasing goods and services increased to CNY 2,853,307,919.03 from CNY 2,630,935,468.04, representing a rise of about 8.4%[48]. - The ending cash and cash equivalents balance was CNY 2,201,026,850.97, down from CNY 1,857,737,589.94, reflecting a decrease of approximately 18.5%[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,245,496,215.55, up 10.06% from ¥11,126,123,535.98 at the end of the previous year[8]. - Non-current assets totaled CNY 6,156,498,834.01, an increase from CNY 5,069,129,327.84, reflecting a growth of about 21.43%[31]. - The company’s total liabilities reached CNY 7,276,491,194.51, an increase from CNY 6,281,486,072.20, reflecting a growth of about 15.87%[32]. - Current liabilities totaled CNY 5,790,055,998.55, slightly up from CNY 5,759,397,280.23, showing a marginal increase of about 0.53%[32]. - Total current liabilities amounted to CNY 5,759,397,280.23, a decrease from CNY 5,918,045,091.00, reflecting a reduction of CNY 158,647,810.77[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,011[12]. - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[12]. - Net assets attributable to shareholders increased by 2.66% to ¥4,149,158,560.64 from ¥4,041,544,338.41 at the end of the previous year[8]. - The company reported a total equity of CNY 4,969,005,021.04, up from CNY 4,844,637,463.78, representing an increase of about 2.58%[33]. Investment and Expenses - Financial expenses rose by 132.03% to ¥23,559,065.49 from ¥10,153,392.78, primarily due to increased interest expenses recognized under the new leasing standards[16]. - The company decided to deregister its equity investment in Hefei Xingsheng Investment Management Co., which faced significant fundraising and investment obstacles, with no impact on overall business development or profitability[17]. - The tax expenses for the quarter were CNY 44,981,025.94, compared to CNY 33,012,773.29 in the previous year, reflecting an increase of about 36.1%[40]. - The company's total operating costs amounted to CNY 1,760,230,231.68, compared to CNY 1,663,055,810.34 in the previous year, showing an increase of about 5.8%[39]. Other Financial Metrics - Non-recurring gains and losses totaled ¥26,463,757.37, with significant contributions from government subsidies and financial asset disposals[9]. - The company reported a decrease in cash and cash equivalents to ¥2,546,936,352.15 from ¥3,106,238,935.76[30]. - The company has ongoing construction projects with an investment of CNY 84,879,575.04, compared to CNY 52,942,495.94 in the previous period, indicating a growth of approximately 60.38%[31]. - The investment income for the quarter was CNY 644,129.24, a decrease from CNY 7,205,665.92, indicating a decline of approximately 91.1%[39].

Financial Performance - The company's operating revenue for 2020 was ¥6,329,742,207.27, a decrease of 41.97% compared to ¥10,908,554,054.14 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥137,057,431.15, down 14.13% from ¥159,605,948.03 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥82,348,157.29, a decline of 22.51% from ¥106,273,249.20 in 2019[18]. - The total operating revenue for 2020 was approximately ¥6.33 billion, a decrease of 41.97% compared to ¥10.91 billion in 2019[55]. - The supermarket segment generated ¥3.68 billion, accounting for 58.10% of total revenue, with a year-on-year increase of 23.60%[55]. - The department store segment (including home appliances) reported revenue of ¥2.20 billion, representing 34.81% of total revenue, down 24.01% from the previous year[55]. - The agricultural product trading market generated revenue of ¥340.61 million, a 2.46% increase compared to the previous year[56]. - Total operating revenue for the department store sector reached ¥2,203,661,852.20, a decrease of 65.65% year-on-year, with a gross margin of 35.68%[58]. - Supermarket sector generated ¥3,677,381,428.40 in revenue, down 2.28% year-on-year, with a gross margin of 20.64%[58]. - Agricultural product trading market reported revenue of ¥340,612,241.73, an increase of 6.94% year-on-year, with a gross margin of 78.58%[58]. - Real estate sector revenue fell to ¥108,086,684.94, down 73.68% year-on-year, with a gross margin of 16.39%[58]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥273,174,442.89, a significant increase of 169.42% compared to -¥393,519,600.10 in 2019[18]. - The total assets at the end of 2020 were ¥11,126,123,535.98, reflecting a 2.83% increase from ¥10,820,426,602.90 at the end of 2019[19]. - The net assets attributable to shareholders increased by 1.88% to ¥4,041,544,338.41 from ¥3,966,877,643.26 in 2019[19]. - The company's cash and cash equivalents increased by 211.75% to ¥596,802,246.47, compared to a decrease of ¥534,043,424.00 in the previous year[68]. - As of the end of 2020, cash and cash equivalents amounted to ¥3,106,238,935.76, representing 27.92% of total assets, an increase of 5.35% compared to the beginning of the year[74]. - Inventory increased to ¥2,407,008,197.64, accounting for 21.63% of total assets, up from 16.88% at the beginning of the year, primarily due to increased development costs of real estate companies[74]. Shareholder Information - The total number of shares outstanding is 779,884,200, with 99.89% being unrestricted shares[177]. - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[181]. - The company reported a total of 27,549 shareholders at the end of the reporting period, an increase from 27,011 at the previous month-end[181]. - The company has 856,749 restricted shares, all of which are held by domestic entities[179]. - The company did not issue any new securities during the reporting period[180]. - The company has no plans for share repurchase or reduction during the reporting period[178]. Dividend Policy - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares based on a total share capital of 779,884,200 shares as of December 31, 2020[5]. - A cash dividend of CNY 46,793,052.00 was declared, representing 100% of the profit distribution total[108]. - The cash dividend per 10 shares is CNY 0.6 (including tax), based on a total share capital of 779,884,200 shares[111]. - The cash dividend payout ratio decreased from 39.09% in 2019 to 34.14% in 2020[107]. - The company has a structured profit distribution policy, ensuring that cash dividends over three years will not be less than 30% of the average distributable profit[104]. Strategic Initiatives - The company plans to implement a "2341" development strategy during the 14th Five-Year Plan period, focusing on retail and agricultural product circulation, enhancing operational efficiency, and ensuring safety[88]. - The company aims to enhance its digital capabilities and improve channel efficiency to adapt to the evolving retail landscape post-pandemic[87]. - The company is committed to enhancing its internal control systems and financial digital transformation to improve management efficiency and risk control[94]. - The company is exploring new cooperative models such as leasing and profit-sharing to strengthen its core product offerings and enhance fresh produce categories[92]. - The company is committed to developing a smart agricultural wholesale platform to improve management, service, and transaction processes, thereby enhancing core competitiveness[94]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including providing assistance to over 80 employees in need during the reporting period[159]. - The company organized the donation of over 300 tons of fresh vegetables valued at over ¥2 million to support Wuhan during the COVID-19 pandemic[161]. - The company donated over 1 million RMB worth of materials to support poverty alleviation efforts, including contributions to various local communities[165]. - A total of 107.67 million RMB was allocated for poverty alleviation funding during the reporting period[166]. - The company facilitated the sale of over 4,000 tons of agricultural products through direct sales channels, benefiting nearly 10,000 local farmers[163]. Market Position and Competition - The company ranked 14th in China's retail top 100 and 45th in the chain top 100, maintaining a strong market position[30]. - The retail industry faced significant challenges in 2020 due to the pandemic, leading to a decline in foot traffic and performance, but recovery is underway as the pandemic is controlled domestically[86]. - The company is addressing rising fixed costs and intensifying regional competition, which pose ongoing operational challenges[90]. - The company is focusing on enhancing customer service through the implementation of standardized service systems and innovative service models, including "no-reason return" policies[40]. Operational Adjustments - The company experienced a significant revenue drop due to the implementation of a new accounting policy and the impact of the pandemic, which led to temporary store closures[20]. - The company implemented a strategic adjustment by closing underperforming stores to optimize its chain layout[36]. - The company closed 1 department store and 20 supermarkets, resulting in a revenue loss of approximately ¥11.53 million from closed stores[46]. - The company has established a talent pool of 485 young professionals as part of its "Talent Strong Enterprise" strategy, enhancing its governance capabilities[41]. Compliance and Governance - The board of directors is committed to strict compliance with laws and regulations, ensuring sustainable and healthy development of the company[96]. - The company has developed a comprehensive internal control system to ensure compliance with legal regulations and protect shareholder rights[157]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[113]. - The company did not experience any major accounting errors that required retrospective restatement during the reporting period[128].