Financial Performance - Operating revenue for the reporting period was ¥2,322,405,772.09, down 4.03% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was ¥30,388,167.34, representing a significant increase of 26.98% year-on-year[8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,247,344.62, a substantial increase of 236.86% compared to the same period last year[8]. - Basic earnings per share for the reporting period were ¥0.0390, up 27.04% compared to the same period last year[8]. - The company reported a decrease in employee compensation payable to CNY 77,311,449.58 from CNY 111,369,451.55, a reduction of approximately 30.59%[33]. - Total operating revenue for the current period is ¥7,232,875,040.63, a decrease of 13.7% from ¥8,383,381,001.05 in the previous period[47]. - Net profit for the current period is ¥165,053,600.32, a decline of 31.0% compared to ¥239,790,483.42 in the previous period[49]. - Basic and diluted earnings per share for the current period are both ¥0.1623, down from ¥0.2058 in the previous period[50]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,312,247,886.96, an increase of 4.55% compared to the end of the previous year[8]. - Total liabilities rose to CNY 6,491,825,289.60, up from CNY 6,089,123,024.45, indicating an increase of about 6.61%[33]. - Non-current assets totaled CNY 5,078,611,518.83, down from CNY 5,756,133,717.69, representing a decline of approximately 11.79%[34]. - The total current assets increased to ¥6,233,636,368.13 from ¥5,064,292,885.21, indicating a growth in liquidity[31]. - The total amount of prepayments was CNY 2,337,922,321.07, showing a strong cash flow position[63]. - The total liabilities to equity ratio stands at approximately 1.29, suggesting a moderate level of financial leverage[64]. Cash Flow - Net cash flow from operating activities reached ¥459,004,184.63, a remarkable increase of 813.60% year-on-year[8]. - The cash inflow from operating activities was CNY 8,067,175,643.29, a decrease of 16.2% compared to CNY 9,629,380,449.95 in the previous period[55]. - The net cash flow from operating activities was CNY 113,005,509.59, a significant improvement from a negative CNY 733,414,134.18 in the same period last year[55]. - The cash outflow from investing activities totaled CNY 1,745,049,295.05, an increase of 46.2% compared to CNY 1,194,671,868.34 in the previous period[56]. - The cash outflow for taxes paid was CNY 342,307,383.82, down from CNY 417,628,790.17 in the previous period, indicating improved cash management[55]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥4,031,049,512.19, reflecting a growth of 1.62% year-on-year[8]. - The total number of shareholders at the end of the reporting period was 28,234[12]. - The company has 779,884,200 shares outstanding[69]. Government Subsidies - The company received government subsidies amounting to ¥17,177,518.10, which are closely related to its business operations[9]. - The company received government subsidies totaling ¥12.885 million, recognized as other income[19]. - Other income increased to ¥17,177,518.10 from ¥8,140,795.71, an increase of 110.0%[49]. Investment and Capital Management - The company approved the use of up to ¥500 million of idle funds for entrusted wealth management to enhance investment returns[20]. - The company plans to increase the registered capital of its subsidiary, Hejia Kang, from ¥20 million to ¥80 million to expand business channels[18]. - Investment income for the current period is ¥26,995,812.53, compared to a loss of ¥25,200,960.80 in the previous period[49]. Accounting and Reporting - The company adopted the new revenue recognition standard starting January 1, 2020[70]. - The Q3 report was not audited[70]. - The report does not include any adjustments for prior period comparative data[70].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 4,910,469,268.54, a decrease of 17.66% compared to CNY 5,963,336,837.54 in the same period last year[19]. - The net profit attributable to shareholders was CNY 96,174,437.59, down 29.58% from CNY 136,575,159.29 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 60,481,972.70, a decline of 42.63% compared to CNY 105,430,217.70 in the previous year[19]. - The basic earnings per share decreased to CNY 0.1233, down 29.58% from CNY 0.1751 in the previous year[19]. - The total profit amounted to CNY 18,678.41 million, reflecting a decline of 40.60% year-on-year[36]. - The company reported a significant increase in financial expenses by 83.35%, primarily due to increased loan interest payments[49]. - The company reported a decrease in net profit compared to the previous year, with a total profit of approximately ¥213.28 million for the first half of 2019[174]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY -345,998,675.04, an increase of 48.29% from CNY -669,091,356.58 in the same period last year[19]. - The company's cash and cash equivalents decreased to CNY 2,119,698,143.48, accounting for 19.60% of total assets, down from 23.86% last year[58]. - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and revenue generation capabilities[163]. - The ending cash and cash equivalents balance was CNY 1,827,377,138.68, down from CNY 2,132,523,240.58 at the end of the first half of 2019[160]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,812,042,797.97, a slight decrease of 0.08% from CNY 10,820,426,602.90 at the end of the previous year[19]. - The company's current assets totaled CNY 5,709,536,620.70, an increase from CNY 5,064,292,885.21 at the end of 2019, reflecting a growth of approximately 12.74%[142]. - Total liabilities decreased slightly to CNY 6,030,803,693.58 from CNY 6,089,123,024.45, a reduction of about 0.96%[143]. - The company's equity attributable to shareholders increased to CNY 4,000,661,344.85 from CNY 3,966,877,643.26, reflecting a growth of approximately 0.85%[144]. Business Operations and Strategy - The company is focusing on cost reduction and efficiency improvement to mitigate the impact of the COVID-19 pandemic on its operations[36]. - The retail sector is expected to continue evolving towards online-offline integration and quality-driven growth in the post-pandemic era[29]. - The company aims to enhance its core competitiveness through multi-format synergy and a well-established chain network across Anhui province[32]. - The company is actively expanding its cold chain logistics projects, positioning itself as a leading enterprise in the cold chain logistics sector in Hefei[38]. Market and Sales Performance - The retail business includes 242 physical stores, with department stores (including home appliances) accounting for 51.35% of revenue, supermarkets 44.03%, and agricultural trading markets 3.36%[27]. - The company achieved a 5.69% sales growth in the first half of the year, with a focus on digital sales channels such as short videos and live streaming[37]. - The revenue from the main business of agricultural products saw both income and profit growth in the first half of the year[38]. - The company reported a total external guarantee amount of 117.6 million yuan, with an actual guarantee balance of 83.2853 million yuan at the end of the reporting period, representing 2.08% of the company's net assets[94]. 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)[117]. - The largest shareholder, Hefei Construction Investment Holding (Group) Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[121]. - The company has not implemented any share repurchase or reduction through centralized bidding[117]. - There are no changes in the number of shares held by major shareholders during the reporting period[121]. Corporate Governance and Compliance - The financial report for the first half of 2020 was not audited[139]. - The report indicates that there are no other disclosures required by the securities regulatory authority[117]. - The company has not experienced any share transfer or approval issues related to share changes[117]. - The company follows the latest enterprise accounting standards issued by the Ministry of Finance, ensuring the financial statements reflect its financial position accurately[182]. Agricultural Initiatives and Community Support - The company organized over 400 vegetable farmers daily at its self-produced vegetable sales area, achieving nearly 200 tons of daily sales during the reporting period[104]. - The company has committed 1.62 million yuan and 110.68 million yuan in material discounts for poverty alleviation efforts[106]. - The company plans to leverage its sales platforms to expand sales channels for agricultural products from impoverished areas, enhancing procurement efforts[109]. - The company aims to develop agricultural cooperatives and promote deep processing of agricultural products to accelerate industrialization in impoverished areas[109].

Financial Performance - The company's operating revenue for Q1 2020 was ¥2,622,714,410.67, a decrease of 25.72% compared to ¥3,531,064,708.45 in the same period last year[8] - The net profit attributable to shareholders was ¥59,698,960.92, down 50.24% from ¥119,976,925.93 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥38,555,747.34, reflecting a decline of 61.68% compared to ¥100,610,159.32 in the previous year[8] - Basic earnings per share decreased by 50.26% to ¥0.0765 from ¥0.1538 year-on-year[8] - Net profit decreased by 57.02% to ¥74,184,454.48 from ¥172,614,775.29, impacted by the COVID-19 pandemic and new properties under construction with no sales revenue[17] - The total comprehensive income attributable to the parent company is ¥59,698,960.92, down from ¥119,976,925.93 in the previous period[42] Cash Flow - The net cash flow from operating activities was -¥383,270,629.20, a significant drop of 2,080.33% from -¥17,578,589.75 in the same period last year[8] - Cash flow from operating activities showed a significant decline of 2080.33% to -¥383,270,629.20 from -¥17,578,589.75 due to decreased sales related to the pandemic[17] - The net cash flow from operating activities is CNY 442,303,075, a significant improvement compared to a net outflow of CNY 17,068,403 in the previous period[49] - Total cash inflow from operating activities amounted to CNY 1,540,534,978.62, while cash outflow was CNY 1,098,231,903.62, resulting in a net cash inflow[49] - The cash and cash equivalents at the end of the period amount to ¥1,857,737,589.94, down from ¥2,461,483,646.69 at the end of the previous period[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,804,403,166.07, a slight decrease of 0.15% from ¥10,820,426,602.90 at the end of the previous year[8] - Total liabilities decreased to ¥5,998,915,133.14 from ¥6,089,123,024.45[30] - The company's total liabilities as of March 31, 2020, were CNY 1,883,430,962.64, compared to CNY 1,431,164,600.10 at the end of 2019, representing a rise of 31.5%[34] - The total liabilities amounted to CNY 6,089,123,024.45, with current liabilities totaling CNY 5,463,734,046.26[53] - The company’s total current liabilities were CNY 1,353,630,142.94, showing a slight increase from the previous period[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,086[12] - The largest shareholder, Hefei Construction Investment Holding Group Co., Ltd., holds 38.00% of the shares, totaling 296,390,467 shares[12] - The net assets attributable to shareholders increased by 1.50% to ¥4,026,576,604.18 from ¥3,966,877,643.26 at the end of the previous year[8] - The equity attributable to shareholders of the parent company increased to CNY 4,026,576,604.18 from CNY 3,966,877,643.26, showing a growth of 1.5%[33] Operational Changes - The company adopted new revenue and leasing standards starting January 1, 2020, impacting financial reporting[51] - The first quarter report was not audited, which may affect the reliability of the financial data presented[57] - The board approved the new accounting standards on March 26, 2020, aligning with regulatory requirements[56] Investment Activities - The company reported an investment income of CNY 7,205,665.92 in Q1 2020, recovering from a loss of CNY 20,397,571.03 in the same period last year[37] - The company received CNY 10,528,519.65 in cash from investment income, a notable increase from CNY 1,309,892.64 in the previous period[50] - Investment activities resulted in a net cash outflow of -¥278,593,974.43, an improvement from -¥500,784,999.68 in the previous period[46]

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].