Financial Performance - The total revenue for 2019 was approximately ¥3.46 billion, a decrease of 8.21% compared to 2018[16]. - The net profit attributable to shareholders was approximately ¥174.43 million, an increase of 23.33% year-over-year[16]. - The basic earnings per share for 2019 was ¥0.3209, reflecting a 23.33% increase from ¥0.2602 in 2018[16]. - The total operating revenue for 2019 was approximately CNY 3.46 billion, a decrease of 8.21% compared to CNY 3.76 billion in 2018[50]. - For the year 2019, the company achieved total revenue of CNY 3.64 billion, a decrease of 7.61% year-on-year, while net profit increased by 23.33% to CNY 174 million, highlighting improved efficiency despite declining revenue[33]. Assets and Liabilities - The total assets at the end of 2019 were approximately ¥5.10 billion, representing a 3.54% increase from the previous year[17]. - The net assets attributable to shareholders increased by 5.39% to approximately ¥2.91 billion by the end of 2019[17]. - The asset-liability ratio improved to 37.44%, down by 2 percentage points compared to the previous year, indicating better financial stability[33]. - As of the end of 2019, cash and cash equivalents amounted to ¥930,790,603.90, representing 18.24% of total assets, a decrease of 4.54% from the beginning of the year[67]. - The company's short-term borrowings increased to ¥220,000,000.00, accounting for 4.31% of total assets, up by 1.06% compared to the beginning of the year[67]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥70.87 million, worsening from -¥33.09 million in 2018[16]. - The total cash inflow from operating activities was ¥4,155,463,332.45, a decrease of 9.11% compared to the previous year[63]. - The net cash flow from operating activities was -¥70,865,957.11, indicating a significant decline from -¥33,091,013.78 in the previous year[63]. - The company experienced a net decrease in cash and cash equivalents of -¥168,889,319.26, a decline of 308.81% from the previous year[63]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company reported a total cash dividend of 0.00 RMB for 2019, indicating no distribution to shareholders during that period[101]. - The company did not distribute cash dividends for the fiscal year 2019, despite having a positive profit available for distribution to common shareholders[102]. - The company has committed to a three-year investor return plan, which includes a minimum cash distribution of 30% of the average distributable profit over three years, subject to no major investment plans[105]. Market Position and Strategy - The company maintained a strong market position in Hunan province, being the first retail company listed in the region, with a diverse business model including shopping centers and online platforms[27]. - The retail sector in Hunan province grew by 10.2% in 2019, outperforming the national average, which indicates a favorable market environment for the company[25]. - The company has focused on management reforms and operational efficiency to counteract the pressures from rising operational costs and changing consumer behavior[32]. - The company aims to enhance its market adaptability and credibility while steadily expanding its comprehensive investment sector[83]. Operational Challenges - The net cash flow from operating activities was negative in Q2, Q3, and Q4, with the lowest at CNY -203.81 million in Q3, indicating significant operational challenges[21]. - The company closed 7 stores in 2019 due to reasons such as underperformance and contract expiration, with a total area of 5.04 million square meters[41]. - The company’s retail and hotel services were significantly affected by the pandemic, leading to negative revenue growth in the first quarter of 2020[102]. Corporate Governance - The company has a strong governance structure with independent directors and a diverse board composition[164]. - The company maintains independence from its controlling shareholder in terms of business, assets, personnel, and finance, with no significant or frequent related party transactions affecting independence[183]. - The company has established a comprehensive corporate governance system in accordance with relevant laws and regulations, ensuring no significant discrepancies during the reporting period[179]. Social Responsibility - The company engaged in four e-commerce poverty alleviation projects as part of its social responsibility initiatives[140]. - The company actively participated in various social welfare activities, including donations and support for underprivileged children and elderly individuals[136]. - The company plans to expand its poverty alleviation efforts by increasing the scale and scope of its support activities[141]. Employee and Management Structure - The company employed a total of 2,807 staff, with 1,780 in the parent company and 1,027 in major subsidiaries[173]. - The total remuneration paid to directors, supervisors, and senior management in 2019 amounted to 4.36 million yuan[170]. - The company’s management team consists of experienced professionals with backgrounds in finance, management, and engineering[169]. Internal Controls and Audits - The internal control audit concluded that the company maintained effective financial reporting internal controls as of December 31, 2019[199]. - The internal control audit report was disclosed on April 18, 2020, and received a standard unqualified opinion[200]. - The company has established and effectively implemented internal controls in accordance with relevant regulations[199].

Financial Performance - Net profit attributable to shareholders was ¥64,924,107.97, representing a significant increase of 123.25% year-on-year[8]. - Operating revenue for the period was ¥754,091,020.95, a decrease of 9.57% compared to the same period last year[8]. - Basic earnings per share were ¥0.1194, up 123.18% year-on-year[8]. - Operating profit for the period was CNY 78,352,703.94, an increase of 55.2% compared to CNY 50,455,872.88 in the previous year[37]. - Net profit for Q3 2019 reached CNY 73,473,806.82, representing a significant increase of 93.8% from CNY 37,981,731.23 in Q3 2018[37]. - Net profit for the period reached CNY 161,110,281.88, representing an increase of 20.61% from CNY 133,643,193.10 in the same period last year[44]. - Total comprehensive income for the period was CNY 169,434,469.57, compared to CNY 1,008,834,938.99 in the previous period, indicating a significant decline[45]. - The total profit for the quarter was CNY 90,191,387.58, up from CNY 64,272,688.99 in the same period last year, representing an increase of 40.4%[48]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,029,450,012.54, an increase of 2.07% compared to the previous year[8]. - The company's total liabilities amounted to CNY 2,056,109,622.25, a slight decrease from CNY 2,072,580,732.63 year-on-year[34]. - The total assets of the company were CNY 4,575,192,656.96, slightly down from CNY 4,594,036,772.84 year-on-year[34]. - The company reported total liabilities of CNY 2,072,580,732.63, with current liabilities at CNY 1,826,597,347.36 and non-current liabilities at CNY 245,983,385.27[67]. - The company's equity attributable to shareholders increased to CNY 2,824,451,810.44 from CNY 2,764,682,963.45, showing a growth of about 2.2%[29]. - The total number of shareholders at the end of the reporting period was 25,570[11]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥203,806,911.12[8]. - The cash flow from operating activities showed a net outflow of CNY 203,806,911.12, compared to a net outflow of CNY 182,296,803.07 in the same period last year[53]. - The net cash flow from operating activities for Q3 2019 was -151,421,974.70 CNY, an improvement from -214,981,150.30 CNY in Q3 2018, indicating a reduction in cash outflow[56]. - Total cash inflow from financing activities increased significantly to 390,000,000.00 CNY in Q3 2019, compared to 130,000,000.00 CNY in the same period last year[57]. - The net cash flow from financing activities for Q3 2019 was 165,653,310.60 CNY, a turnaround from -36,185,035.44 CNY in Q3 2018, reflecting improved financing conditions[57]. Investments and Income - The company reported investment income of CNY 34,529,963.72, a significant increase from CNY 418,687.00 in the same period last year[37]. - Investment income for the period was CNY 34,529,963.72, a substantial increase from CNY 3,772,708.26 in the previous period[42]. - The company received 34,529,963.72 CNY in investment income during Q3 2019, a significant increase from 4,003,033.04 CNY in Q3 2018[56]. Shareholder Information - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., held 44.33% of the shares, amounting to 240,972,484 shares[11]. - There were no significant changes in the company's commitments or securities investments during the reporting period[15][16]. Operational Metrics - The total operating revenue for Q3 2019 was CNY 802,144,408.26, a decrease of 9.2% compared to CNY 883,201,755.12 in the same period last year[36]. - The total operating costs decreased to CNY 761,087,010.38 from CNY 836,381,330.85, reflecting a reduction of 9.0% year-on-year[36]. - The company's operating profit was CNY 81,855,010.77, compared to CNY 63,449,086.82 in the previous year, reflecting a growth of 29.1%[48]. Other Financial Metrics - The weighted average return on equity was 2.35%, a decrease of 1.21% compared to the previous year[8]. - The company reported non-recurring gains and losses totaling ¥9,043,601.41 for the year-to-date[9]. - Other comprehensive income after tax was CNY -86,016,606.05, compared to CNY 875,191,745.89 in the previous year, indicating a substantial decline[38]. - The company incurred research and development expenses of CNY 996,884.30, compared to CNY 240,432.58 in the previous year, indicating an increase of 314.5%[48].

证券简称：通程控股 证券代码：000419 公告编号：2019-028 长沙通程控股股份有限公司 关于参加2019年湖南辖区上市公司 投资者网上接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步做好投资者关系管理工作，增强与广大投资者的互动 交流，长沙通程控股股份有限公司（以下简称"公司"）将参加由中 国证券监督管理委员会湖南监管局、湖南省上市公司协会与深圳市全 景网络有限公司联合举办的"2019年湖南辖区上市公司投资者网上集 体接待日活动"，现将有关事项公告如下： 本次投资者网上接待日活动将通过深圳市全景网络有限公司提 供的网上平台，采取远程网络的方式进行，投资者可以登录"全景·路 演天下"（http://rs.p5w.net）或关注微信公众号：全景财经，参 与公司本次投资者集体接待日活动，活动时间为2019年9月10日（星 期二）下午15:00至17:00。 届时，公司董事、董事会秘书杨格艺女士和证券事务代表文启明 先生将通过网络在线与投资者交流和沟通。欢迎广大投资者参与。 特此公告。 长沙通 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,774,126,345.59, a decrease of 8.44% compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 73,493,776.13, down 9.40% year-on-year[18]. - The company achieved total operating revenue of CNY 1,866,378,177.43 and a net profit of CNY 73,493,776.13 during the reporting period[32]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 73,304,361.61, a decline of 4.96% year-on-year[18]. - The total revenue for the retail business reached approximately RMB 1.66 billion, representing a year-on-year increase of 17.99%[47]. - The hotel and tourism segment reported revenue of approximately RMB 115.51 million, an increase of 80.81% compared to the previous period[47]. - The comprehensive investment segment saw revenue of approximately RMB 94.66 million, with a significant increase of 96.67% year-on-year[47]. - The company reported a net profit for the first half of 2019 of CNY 34,590,551.75, down from CNY 45,126,766.67 in the first half of 2018, representing a decline of approximately 23.3%[130]. - The total comprehensive income for the first half of 2019 was CNY 128,931,345.49, compared to CNY 45,126,766.67 in the previous year[130]. Cash Flow and Assets - The net cash flow from operating activities improved to CNY -76,178,955.29, a 46.01% increase compared to the previous year[18]. - The cash flow from operating activities improved by 46.01%, resulting in a net cash outflow of approximately RMB 76.18 million[44]. - The company reported a net cash inflow from financing activities of approximately RMB 144.36 million, an increase of RMB 168.53 million compared to the previous year[44]. - The total assets at the end of the reporting period were CNY 4,967,099,811.87, reflecting a 0.80% increase from the end of the previous year[18]. - Cash and cash equivalents decreased to CNY 1,025,788,156.39 from CNY 1,122,495,923.16, reflecting a decline of 8.63%[113]. - The total area of leased properties for electrical appliances was 14.70 million square meters, with a rental income of RMB 37.91 million[39]. - The company reported a decrease in fixed assets, which totaled approximately RMB 1.07 billion, down 7.15% from the previous year[51]. - The total liabilities decreased to CNY 1,772,581,957.32 from CNY 1,943,462,438.96, a reduction of 8.77%[116]. - The company's equity attributable to shareholders rose to CNY 2,932,517,533.32, an increase of 6.07% from CNY 2,764,682,963.45[116]. Market Position and Strategy - The company maintains a strong market position with a comprehensive service offering across retail, investment, and hotel sectors, with significant brand recognition and operational efficiency[27]. - The company’s core competitiveness remains unchanged, characterized by clear strategy, accurate positioning, and strong asset quality[29]. - The company operates multiple retail formats, including shopping centers and online platforms, covering all prefecture-level cities in Hunan province[26]. - The company continues to face growth pressures in its retail business due to macroeconomic slowdowns and rising operational costs[32]. - The company has implemented new financial instrument standards starting January 1, 2019, affecting the measurement and reporting of financial assets[19]. Shareholder Information - The total number of shares is 543,582,655, with 99.95% being unrestricted shares[97]. - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., holds 44.33% of the shares, totaling 240,972,484 shares[99]. - The company has 25,417 ordinary shareholders at the end of the reporting period[99]. - There were no changes in the controlling shareholder or actual controller during the reporting period[101]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[69]. Corporate Social Responsibility - The company has actively engaged in poverty alleviation efforts, creating job opportunities and providing necessary public goods in impoverished areas[90]. - The company allocated 10 million yuan for poverty alleviation initiatives during the reporting period[91]. - The company plans to continue its long-term commitment to poverty alleviation as part of its corporate social responsibility[92]. Financial Reporting and Compliance - The financial report for the first half of 2019 was not audited[111]. - The company has no outstanding bonds that are due or have not been fully paid as of the report date[109]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect a true and complete picture of its financial status[156]. - The company confirmed that the initial investment cost for cash acquisitions is determined by the actual purchase price paid[180]. Financial Instruments and Valuation - Financial assets are classified into three categories: 1) measured at amortized cost; 2) measured at fair value with changes recognized in other comprehensive income; 3) measured at fair value with changes recognized in profit or loss[164]. - The company recognizes expected credit losses based on the weighted average of credit losses for financial instruments measured at amortized cost[169]. - The fair value of financial instruments is determined using valuation techniques that are supported by sufficient observable data[168]. - The company assesses expected credit risk and measures expected credit losses based on individual financial instruments or groups of financial instruments[171]. Inventory and Asset Management - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs based on estimated selling prices and related costs[176]. - The company employs a perpetual inventory system for tracking inventory[176]. - Long-term equity investments are initially measured at the fair value of the consideration paid, with adjustments made to capital reserves or retained earnings as necessary[177]. Employee Benefits and Compensation - Employee compensation includes short-term benefits recognized as liabilities in the period services are provided[190]. - The company applies actuarial assumptions to measure obligations arising from defined benefit plans, ensuring accurate liability recognition[191]. - The company accounts for employee benefits, including termination benefits, when the obligation arises and is reliably measurable[193].

Financial Performance - The company's operating revenue for Q1 2019 was ¥928,550,862.71, a decrease of 9.81% compared to ¥1,029,535,357.86 in the same period last year[7] - Net profit attributable to shareholders was ¥42,421,810.81, reflecting a slight increase of 0.85% from ¥42,064,217.10 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥42,978,525.13, which represents a 9.98% increase from ¥39,077,495.33 in the previous year[7] - Total operating revenue for Q1 2019 was CNY 974,402,525.42, a decrease of 8.8% compared to CNY 1,068,387,034.10 in the same period last year[33] - Net profit for Q1 2019 was CNY 48,797,659.41, slightly up from CNY 48,655,938.75 in Q1 2018, representing a growth of 0.3%[35] - The net profit for the first quarter of 2019 was CNY 27,153,330.66, a decrease from CNY 28,847,376.47 in the same period last year, representing a decline of approximately 5.86%[39] - The company reported a total comprehensive income of CNY 251,906,398.09 for the quarter, compared to CNY 28,847,376.47 in the previous year, showing a substantial increase[40] Cash Flow - The net cash flow from operating activities was ¥57,594,674.76, showing a significant improvement from a negative cash flow of ¥303,108,833.26 in the same period last year[7] - The company’s operating cash inflow totaled CNY 1,107,659,814.12, down from CNY 1,229,791,037.20 in the previous year, reflecting a decrease of approximately 9.9%[43] - The net cash flow from operating activities was -88,764,632.01 CNY, compared to -131,092,138.10 CNY in the previous year, indicating an improvement of approximately 32.3%[47] - The company incurred a loss of CNY 173,780.62 from asset disposals, compared to a loss of CNY 37,911.79 in the previous year[39] - The company’s investment activities resulted in a net cash outflow of CNY 100,396,683.09, contrasting with a net inflow of CNY 206,377,250.80 in the same period last year[44] - The financing activities generated a net cash inflow of CNY 68,356,666.66, compared to a net outflow of CNY -2,048,125.00 in the previous year[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,191,134,887.67, an increase of 5.35% from ¥4,927,503,024.71 at the end of the previous year[7] - Total current assets decreased to CNY 2,154,983,382.57 from CNY 2,263,959,504.70, reflecting a decline of about 4.82%[25] - Total liabilities decreased slightly to CNY 1,933,593,575.08 from CNY 1,943,462,438.96, a decline of approximately 0.51%[26] - Total liabilities decreased to CNY 2,054,416,580.87 from CNY 2,072,580,732.63, a reduction of approximately 0.9% year-over-year[32] - The total amount of contract liabilities was CNY 65,050,880.25, down from CNY 73,838,730.14, indicating a decrease of 11.5%[31] - The company reported a total of 1,668,972,077.73 CNY in current liabilities, which includes short-term borrowings of 160,000,000.00 CNY and accounts payable of 1,059,125,664.94 CNY[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,871[10] - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., held 44.33% of the shares, amounting to 240,972,484 shares, with 154,000,000 shares pledged[10] Earnings Per Share - The basic earnings per share for the period was ¥0.0780, up 0.78% from ¥0.0774 in the same period last year[7] - Basic earnings per share for Q1 2019 was CNY 0.0780, compared to CNY 0.0774 in the previous year, indicating a slight increase of 0.8%[36] Accounting Policies - The company has adopted new accounting policies under the new financial instruments standard, which will not affect the financial indicators for 2018[55] - The adjustment under the new standard includes an increase in other equity instrument investments by CNY 1,112,697,467.48 and a decrease in available-for-sale financial assets by the same amount[55] - The company will recognize credit impairment losses based on expected credit losses for various financial assets, including loans and receivables[55] Other Financial Metrics - The weighted average return on net assets decreased to 1.41% from 2.07% in the previous year[7] - The company reported a decrease in sales expenses to CNY 68,339,502.72 from CNY 68,815,424.67, a decline of 0.7%[33] - Deferred income tax liabilities increased to CNY 279,843,027.19 from CNY 204,925,338.05, reflecting a rise of 36.5% year-over-year[32] - The company’s total current assets were reported at 2,263,959,504.70 CNY, while total non-current assets were 2,663,543,520.01 CNY[51]

Financial Performance - The company's operating revenue for 2018 was CNY 3,764,613,573.52, a decrease of 4.05% compared to CNY 3,923,627,320.00 in 2017[16] - The net profit attributable to shareholders of the listed company increased by 10.55% to CNY 141,430,326.27 from CNY 127,931,331.72 in the previous year[16] - The net profit after deducting non-recurring gains and losses rose by 27.21% to CNY 131,422,998.96 compared to CNY 103,312,738.95 in 2017[16] - The net cash flow from operating activities was negative at CNY -33,091,013.78, a decline of 112.70% from CNY 260,639,133.50 in 2017[16] - The total assets at the end of 2018 were CNY 4,927,503,024.71, an increase of 18.55% from CNY 4,156,411,973.50 at the end of 2017[16] - The net assets attributable to shareholders of the listed company increased by 37.62% to CNY 2,764,682,963.45 from CNY 2,008,885,438.67 in 2017[16] - Basic earnings per share for 2018 were CNY 0.2602, up 10.58% from CNY 0.2353 in 2017[16] - The weighted average return on equity was 6.33%, slightly down from 6.47% in the previous year[16] Revenue Breakdown - The company reported a total of CNY 1,030,871,990.88 in revenue for the fourth quarter of 2018, showing a recovery from the previous quarters[20] - The company achieved total operating revenue of 394,010.17 million yuan, a decrease of 2.59% compared to the previous year, with main business revenue of 376,461.36 million yuan, down 3.42% year-on-year[32] - The retail business accounted for 92.92% of total revenue, generating CNY 3,498,046,969.79, down 4.69% year-over-year[45] Asset Management - The company's asset-liability ratio decreased by 7.63 percentage points to 39.44%, indicating improved financial stability[32] - The company maintained a strong liquidity position with a current ratio of 135.65%, up 16.59% year-on-year, and a quick ratio of 115.04%, an increase of 13.23%[32] - Total assets increased by 18.55% year-on-year to 492,750.30 million yuan, and net assets grew by 37.62% to 276,468.30 million yuan[32] Operational Strategy - The company has focused on management transformation and operational innovation to enhance its operational capabilities and quality during the reporting period[26] - The company aims to optimize its comprehensive investment sector, which has been established as a main business area, and has increased asset and resource investment in this sector[34] - The company reported that its core competitiveness remains unchanged, emphasizing management transformation and a diversified business structure[28] Retail Performance - The company reported a retail revenue of 1,462.49 million CNY for the year, a decrease of 28.13 million CNY compared to the previous year, with a revenue per square meter of 0.69 million CNY[38] - The electrical appliance segment generated a retail revenue of 1,805.09 million CNY, down by 18.14 million CNY year-on-year, with a revenue per square meter of 1.31 million CNY[38] Store Expansion - The company opened 7 new stores in 2018, including a department store in Loudi with an area of 34,300 square meters and an electrical appliance store in Loudi with an area of 2,500 square meters[37] Rental Income and Expenses - The total rental income for the department store segment was 45.44 million CNY, an increase of 11.25 million CNY compared to the previous year, with a rental income per square meter of 0.04 million CNY[39] - The electrical appliance segment's rental income was 5.46 million CNY, a decrease of 0.46 million CNY year-on-year, with a rental income per square meter of 0.07 million CNY[39] - The company reported a total rental cost of 83.27 million CNY for the department store segment, with a rental cost per square meter of 0.03 million CNY[40] - The electrical appliance segment incurred a rental cost of 64.87 million CNY, with a rental cost per square meter of 0.04 million CNY[40] Profit Margins - The gross profit margin for the department store's joint operation was 10.1%, while the distribution margin was 7.66%[40] - The gross profit margin for the electrical appliance's joint operation was 17.31%, and the distribution margin was 11.88%[40] Supplier Relationships - The company’s top five suppliers accounted for 40.80% of total annual procurement, with total procurement amounting to CNY 878,653,264.95[51] - The largest supplier, Hunan Shengshi Xinxing Gree Trading Co., Ltd., contributed CNY 442,573,661.48, representing 20.55% of total procurement[51] Cost Management - Sales expenses decreased by 1.81% to CNY 276,405,100.83, while management expenses increased by 1.89% to CNY 441,293,551.26[53] - Financial expenses saw a significant reduction of 130.63%, resulting in a net income of CNY -1,393,874.81, attributed to optimized financing structure[53] Corporate Governance - The company has established a logistics subsidiary to enhance supply chain efficiency, located in a prime logistics area in Changsha[42] - The company has maintained a continuous relationship with Tianjian Accounting Firm for 23 years, with an audit fee of 600,000 yuan for the current period[101] - The company has not faced any penalties or rectification issues during the reporting period[105] Social Responsibility - The company actively participated in social responsibility initiatives, including poverty alleviation projects in regions such as Longshan County and Ma'anshan County, leveraging its online platform to support local agricultural products[127] - The company established a long-term mechanism for poverty alleviation, focusing on employment, e-commerce, and ecological protection, fulfilling its corporate social responsibilities[129] Future Outlook - The company aims for a revenue growth of 6%-8% and a net profit growth of 6%-8% for 2019, contingent on market conditions and management efforts[77] - The company plans to enhance its operational capabilities and competitiveness through management restructuring and the establishment of a market-oriented operational model[79] Shareholder Communication - The company has received a total of 15 individual investor communications during the reporting period, focusing on business operations and development plans[85] - The company’s cash dividend policy is compliant with its articles of association and has been transparently communicated to shareholders[89] Employee Management - The total number of employees in the company is 3,071, with 1,946 in the parent company and 1,125 in major subsidiaries[160] - The company emphasizes a performance-based compensation policy, linking salaries to operational efficiency and management performance[161] Internal Control and Audit - The company maintained effective internal control over financial reporting as of December 31, 2018, according to the internal control audit report[188] - The internal control evaluation included all major aspects of the company's operations, ensuring comprehensive oversight[188]

长沙通程控股股份有限公司 2018 年第三季度报告正文 证券代码：000419 证券简称：通程控股 公告编号：2018-035 长沙通程控股股份有限公司 2018 年第三季度报告正文 1 长沙通程控股股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周兆达、主管会计工作负责人李晞及会计机构负责人(会计主管 人员)魏豫曦声明：保证季度报告中财务报表的真实、准确、完整。 2 长沙通程控股股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 3 长沙通程控股股份有限公司 2018 年第三季度报告正文 | | | □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 5,081,949,504.01 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,937,724,465.74, a decrease of 1.50% compared to CNY 1,967,154,910.55 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 81,118,372.82, representing an increase of 1.18% from CNY 80,170,565.86 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 77,126,558.15, up 5.51% from CNY 73,101,459.08 in the previous year[19]. - The company's basic earnings per share for the period was CNY 0.1492, reflecting a 1.15% increase from CNY 0.1475 in the same period last year[19]. - The company achieved total revenue of CNY 2,026,027,954.72 and a net profit of CNY 81,118,372.82 during the reporting period[35]. - The total operating costs were CNY 1,901,324,498.21, slightly down from CNY 1,930,371,106.54, indicating a reduction of about 1.5%[125]. - The company reported a significant increase in cash flow from investment activities, amounting to ¥153,261,145.94, a 163.75% increase compared to the previous year[45]. - The total profit for the period was CNY 130,218,484.64, compared to CNY 115,503,910.32 in the previous year, indicating an increase of approximately 12.7%[125]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,951,715,899.61, down 4.92% from CNY 4,156,411,973.50 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 4.04% to CNY 2,090,003,811.49 from CNY 2,008,885,438.67 at the end of the previous year[19]. - Total current assets decreased from CNY 2,244,181,088.79 to CNY 2,070,301,260.94, a decline of approximately 7.74%[116]. - Total liabilities decreased from CNY 1,956,295,900.49 to CNY 1,655,938,364.73, a decline of approximately 15.36%[117]. - Total equity increased from CNY 2,200,116,073.01 to CNY 2,295,777,534.88, an increase of approximately 4.32%[118]. Cash Flow - The company reported a net cash flow from operating activities of CNY -141,096,838.08, compared to CNY -125,921,691.51 in the same period last year[19]. - The net cash flow from operating activities was -136,152,640.54 CNY, compared to -13,907,611.74 CNY in the previous period, indicating a decline in operational performance[137]. - Total cash inflow from operating activities was 2,116,312,265.22 CNY, down from 2,202,013,454.80 CNY year-on-year[136]. - Cash outflow from operating activities totaled 2,252,464,905.76 CNY, slightly increased from 2,215,921,066.54 CNY in the previous period[137]. - The net cash flow from investing activities was 108,648,979.00 CNY, a significant improvement from -252,620,773.48 CNY in the previous period[137]. Market and Competition - The retail industry in Hunan Province achieved a total retail sales of CNY 716.57 billion in the first half of 2018, growing by 10.3%, which is 0.9 percentage points higher than the national average[26]. - The company faces intensified competition and rising costs in the retail sector, with overall industry growth slowing down[26]. - The retail sector remains a key focus, with ongoing adjustments in product structure and operational models to maintain market share and competitive position[36]. Corporate Governance and Compliance - The company has not engaged in any related party transactions during the reporting period, ensuring transparency and fairness in its operations[73]. - The company has not experienced any penalties or rectification measures during the reporting period, suggesting compliance with regulatory requirements[71]. - There were no major litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[71]. Social Responsibility and Environmental Impact - The company has actively participated in various poverty alleviation efforts, focusing on employment, e-commerce, targeted assistance, and ecological protection[91]. - The company has increased its focus on corporate social responsibility, particularly in the area of poverty alleviation, to contribute to regional economic development[90]. - The company does not belong to the key pollutant discharge units as published by the environmental protection department[89]. Investment and Expansion - The company is actively expanding its market presence through new store openings and renovations, including the launch of new retail formats[36]. - The company has made a significant equity investment of CNY 5,000,000 in Hunan Tongcheng Commercial Trading Co., Ltd., acquiring a 10% stake[55]. - The company plans to increase the registered capital of its wholly-owned subsidiary, Tongcheng Commercial Factoring (Shenzhen) Co., Ltd., by RMB 50 million, raising the total registered capital to RMB 100 million[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,156[100]. - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., holds 44.33% of the shares, totaling 240,972,484 shares[100]. - The total number of shares after the recent changes is 543,582,655, with 99.95% being unrestricted shares[98]. Accounting and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[156]. - The company’s accounting period runs from January 1 to December 31 each year[157]. - The company uses Renminbi as its accounting currency[159].

[Important Notice](index=2&type=section&id=Section%201.%20Important%20Notice) The company's board, supervisors, and senior management, along with key financial officers, collectively affirm the truthfulness, accuracy, and completeness of this quarterly report and its financial statements - The company's Board of Directors, Board of Supervisors, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, ensuring no false records, misleading statements, or material omissions[4](index=4&type=chunk) - Zhou Zhaoda (Person in Charge), Li Xi (Head of Accounting), and Wei Yuxi (Head of Accounting Department) declare that the financial statements in this quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Overview](index=3&type=section&id=Section%202.%20Company%20Overview) [Key Accounting Data and Financial Indicators](index=3&type=page&id=II.I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2018, operating revenue slightly increased by **0.57%** to **RMB 1.03 billion**, and net profit attributable to shareholders grew by **33.15%** to **RMB 42.06 million**, primarily driven by a **37.75%** increase in non-recurring adjusted net profit; however, net cash flow from operating activities significantly decreased by **108.65%** to **negative RMB 303.11 million** Key Financial Indicators for Q1 2018 | Indicator | Current Reporting Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,029,535,357.86 | 1,023,669,973.85 | 0.57% | | Net Profit Attributable to Shareholders (RMB) | 42,064,217.10 | 31,592,327.86 | 33.15% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains/Losses) (RMB) | 39,077,495.33 | 28,367,624.46 | 37.75% | | Net Cash Flow from Operating Activities (RMB) | -303,108,833.26 | -145,273,101.66 | -108.65% | | Basic EPS (RMB/share) | 0.0774 | 0.0581 | 33.22% | | Diluted EPS (RMB/share) | 0.0774 | 0.0581 | 33.22% | | Weighted Average ROE | 2.14% | 1.61% | 0.53% | | **Indicator** | **End of Current Reporting Period** | **End of Prior Year** | **Change from Prior Year-End** | | Total Assets (RMB) | 4,093,398,045.19 | 4,156,411,973.50 | -1.52% | | Net Assets Attributable to Shareholders (RMB) | 2,050,949,655.77 | 2,008,885,438.67 | 2.09% | Details of Non-Recurring Gains and Losses for Q1 2018 | Item | Amount from Year-Beginning to End of Reporting Period (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -40,551.47 | | Government Grants Recognized in Current Profit/Loss | 1,094,722.99 | | Gains/Losses from Entrusted Investment or Asset Management | 75,988.62 | | Gains/Losses from Entrusted Loans | 2,875,267.28 | | Other Non-Operating Income and Expenses | 36,959.35 | | Less: Income Tax Impact | 1,055,620.28 | | Less: Impact on Minority Interests (After Tax) | 44.72 | | **Total** | **2,986,721.77** | [Shareholder Information](index=4&type=page&id=II.II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) As of the end of Q1 2018, the company had **28,743** common shareholders, with Changsha Tongcheng Industrial (Group) Co., Ltd. as the largest shareholder holding **44.33%** of shares, of which **77 million shares** are pledged - At the end of the reporting period, the company had **28,743** common shareholders[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | :--- | | Changsha Tongcheng Industrial (Group) Co., Ltd. | Domestic Non-State-Owned Legal Person | 44.33% | 240,972,484 | Pledged 77,000,000 | | Xiong Dehong | Domestic Natural Person | 1.72% | 9,344,512 | N/A | | Hunan Tianchen Construction Co., Ltd. | State-Owned Legal Person | 1.34% | 7,305,090 | N/A | | Li Zhihe | Domestic Natural Person | 1.19% | 6,493,645 | N/A | | Hunan Xingdian Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.08% | 5,887,499 | N/A | | Zhu Xiaomei | Domestic Natural Person | 1.04% | 5,652,367 | N/A | | Li Yiming | Domestic Natural Person | 0.94% | 5,095,384 | N/A | | Ding Bixia | Domestic Natural Person | 0.88% | 4,782,107 | N/A | | Tao Meiying | Domestic Natural Person | 0.80% | 4,363,078 | N/A | | Changsha Water Group Co., Ltd. | State-Owned Legal Person | 0.69% | 3,748,290 | N/A | [Significant Matters](index=6&type=section&id=Section%203.%20Significant%20Matters) [Changes and Reasons for Key Financial Data](index=6&type=page&id=III.I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) During the reporting period, net cash flow from operating activities decreased by **RMB 158 million** (**-108.65%**) year-over-year, primarily due to a **RMB 181 million** increase in customer loans and advances within the comprehensive investment business; net cash flow from investing activities significantly increased by **RMB 334 million** year-over-year, mainly due to the recovery of **RMB 190 million** in entrusted loans and **RMB 20 million** in structured deposits from the prior year - Net cash flow from operating activities decreased by **108.65%** compared to the prior year period, primarily due to the rapid development of the company's comprehensive investment segment, leading to a **RMB 181 million** net increase in customer loans and advances compared to the prior year period[16](index=16&type=chunk) - Net cash flow from investing activities significantly increased compared to the prior year period, mainly due to the recovery of **RMB 190 million** in entrusted loans and **RMB 20 million** in matured structured deposits issued in the prior year, whereas **RMB 120 million** in entrusted loans were issued in the prior year period[16](index=16&type=chunk) [Investor Relations Activities](index=6&type=page&id=III.VII.%20Record%20of%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) From February to March 2018, the company engaged in multiple phone communications with individual investors, discussing company operations, business expansion, progress of Changsha Bank's IPO (an investee company), 2017 annual performance, and market value management Q1 2018 Investor Relations Activity Log | Reception Date | Reception Method | Recipient Type | Summary of Research/Communication Content | | :--- | :--- | :--- | :--- | | February 26, 2018 | Phone Communication | Individual | Company's Operating Performance and Business Development | | March 01, 2018 | Phone Communication | Individual | Progress of Changsha Bank IPO (Company's Investee) | | March 02, 2018 | Phone Communication | Individual | Company's 2017 Operating Performance | | March 05, 2018 | Phone Communication | Individual | Controlling Shareholder's Progress on Deepening Reforms | | March 09, 2018 | Phone Communication | Individual | Company's Overall Operating Performance in 2017 | | March 16, 2018 | Phone Communication | Individual | Suggestions on Company's Market Value Management | [Other Significant Matters](index=6&type=page&id=III.%20Other%20Significant%20Matters) During the reporting period, the company had no significant matter progress, overdue unfulfilled commitments, major performance change warnings, securities or derivatives investments, illegal external guarantees, or non-operating fund occupation by the controlling shareholder requiring special disclosure - During the reporting period, the company had no significant matter progress, overdue unfulfilled commitments, performance warnings, securities investments, derivatives investments, illegal external guarantees, or controlling shareholder fund occupation[17](index=17&type=chunk)[18](index=18&type=chunk)[19](index=19&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk)

Financial Performance - The company's operating revenue for 2017 was CNY 3,923,627,320, representing a 3.97% increase compared to CNY 3,773,952,789 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 127,931,331.72, a 25.12% increase from CNY 102,248,511.28 in 2016[20] - The net profit after deducting non-recurring gains and losses was CNY 103,312,738.95, which is a 34.96% increase from CNY 76,552,530.68 in 2016[20] - Basic earnings per share for 2017 were CNY 0.2353, up 25.09% from CNY 0.1881 in 2016[20] - The total operating revenue for 2017 was CNY 3,923,627,320, representing a year-on-year increase of 3.97% compared to CNY 3,773,952,789 in 2016[39] - The commercial retail segment accounted for 93.54% of total revenue, with a revenue of CNY 3,670,159,710, up 4.23% from the previous year[39] - The hotel and tourism segment generated CNY 252,623,880, which is a slight increase of 0.19% year-on-year[39] - The company achieved a total annual revenue of ¥404.48 million in 2017, with a net profit of ¥12.79 million, reflecting a year-on-year increase of 25.12% in net profit[34] - The total revenue of the units included in the internal control evaluation accounted for 100% of the company's consolidated revenue[170] Cash Flow and Investments - Cash flow from operating activities increased by 190.26% to CNY 257,879,133.50 from CNY 88,845,516.25 in 2016[20] - The net cash flow from operating activities was negative in Q1 and Q2, at approximately -¥145.27 million and -¥125.92 million, respectively, but turned positive in Q4 at ¥257.88 million[25] - The net cash flow from investment activities decreased significantly by 967.50% year-on-year, resulting in a net outflow of ¥229,688,767.19, attributed to an increase in entrusted loans and financial products[49] - The total financing cash inflow increased by 142.06% year-on-year, amounting to ¥513,164,851.67, indicating enhanced capital raising activities[48] - The total investment income was ¥35,067,373.21, accounting for 18.17% of total profit, primarily from entrusted loan interest and cash dividends from Changsha Bank[50] Assets and Liabilities - The total assets at the end of 2017 were CNY 4,156,411,973.50, a 4.50% increase from CNY 3,977,588,763.73 at the end of 2016[20] - The asset-liability ratio at the end of the reporting period was 47.07%, a decrease of 0.44 percentage points compared to the previous year[34] - Total liabilities increased to CNY 2,040,336,705.21, compared to CNY 1,939,348,123.80 at the beginning of the year, reflecting a growth of 5.23%[195] - The total current assets as of December 31, 2017, were ¥2,244,181,088.79, an increase from ¥1,969,489,297.37 at the beginning of the year[189] - The total non-current assets were ¥1,912,230,884.71, down from ¥2,008,099,466.36 at the beginning of the year[190] Strategic Focus and Business Model - The company is transitioning its business model, with the department store division shifting towards a more experiential and integrated shopping center format[34] - The hotel sector is actively expanding into the conference and group consumption markets, seeking personalized operational positioning[34] - The logistics and property divisions are evolving from management functions to market-oriented, professional operating entities[34] - The company is focusing on high-quality development as a key priority for 2018, aligning with national economic transformation trends[63] - The company plans to invest approximately 200-300 million yuan in store projects and comprehensive investment expansion[67] Management and Governance - The company has implemented changes in accounting policies effective from May 28, 2017, due to new accounting standards[21] - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparent and responsible operations[157] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring autonomous operational capabilities[160] - The company’s board of directors and remuneration assessment committee are responsible for evaluating the performance of senior management[148] Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, including disaster relief efforts during severe flooding in Hunan[110] - The company is committed to poverty alleviation through e-commerce initiatives, connecting rural areas with market opportunities[112] - The company invested 80.86 million in targeted poverty alleviation projects[114] - The company has established partnerships with over 20 vocational colleges to enhance employment opportunities[110] Shareholder and Equity Structure - The total number of outstanding shares remained stable at 543,582,655.00[192] - The largest shareholder, Changsha Tongcheng Industrial Group Co., Ltd., holds 44.33% of the shares, amounting to 240,972,484 shares[124] - The number of ordinary shareholders increased from 28,013 to 28,256 during the reporting period[124] - The company has not engaged in any mergers or acquisitions during the reporting period[129] Audit and Compliance - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position[177] - The internal control audit report was disclosed on April 14, 2018, and is available on the official information disclosure website[173] - There were no significant discrepancies between the company's governance practices and the regulatory requirements set by the China Securities Regulatory Commission[159]