Financial Performance - The company's operating revenue for Q1 2020 was ¥544,026,216.45, a decrease of 66.33% compared to ¥1,606,689,907.66 in the same period last year[5] - The net profit attributable to shareholders was -¥209,111,326.55, representing an 85.54% decline from -¥110,078,658.47 in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥214,796,178.85, a decrease of 144.69% compared to -¥87,784,337.19 last year[5] - The net cash flow from operating activities increased by 261.21% to ¥271,289,081.60 from ¥76,656,252.94 in the same period last year[5] - The net profit for Q1 2020 was -213,513,514.92, a decrease of 62.76% compared to the same period last year[21] - The company reported a net loss of CNY 14,662,026.63 for Q1 2020, compared to a profit of CNY 68,389,502.53 in the previous year[47] - The net profit for the first quarter of 2020 was -213,513,514.92 CNY, compared to -131,185,971.11 CNY in the same period last year, representing an increase in net loss of approximately 62.7%[49] - The company reported a total comprehensive loss of -213,647,548.08 CNY for the first quarter, compared to -100,190,329.11 CNY in the same period last year[51] Shareholder Structure - The company reported a total of 65,975 common shareholders at the end of the reporting period[8] - The major shareholder, HNA Commercial Holding Co., Ltd., holds a 15.31% stake, amounting to 920,048,318 shares, with 912,415,755 shares pledged[11] - HNA Investment Holding Co., Ltd. owns 6.50% of the shares, totaling 390,526,891 shares, all of which are pledged[11] - The total shares held by HNA Commercial Holding and its concerted actions amount to 2,810,943,945 shares, representing 46.79% of the total shares[13] - A total of 219,957,970 shares are subject to rights restrictions due to unfulfilled performance commitments from 2018, meaning they do not enjoy voting rights or dividend distribution[14] - The company has a total of 1,496,335,726 shares held by 16 shareholders, representing 24.91% of total shares[17] Asset and Liability Management - The total assets at the end of the reporting period were ¥52,298,001,872.05, a decrease of 0.30% from ¥52,454,210,240.87 at the end of the previous year[5] - The net assets attributable to shareholders decreased by 0.70% to ¥29,681,097,650.56 from ¥29,890,438,467.87 at the end of the previous year[5] - Total liabilities increased to ¥22,019,131,724.64 from ¥21,961,586,481.38, showing a rise of approximately 0.26%[43] - The company's total equity decreased to ¥30,278,870,147.41 from ¥30,492,623,759.49, reflecting a decline of about 0.7%[44] - Total liabilities amounted to CNY 21,961,586,481.38, with current liabilities at CNY 17,687,911,075.13[62] Cash Flow and Liquidity - The company's cash and cash equivalents increased by 32.40% to CNY 7,708,367,051.90 from CNY 5,822,237,487.21 at the beginning of the year[19] - The total cash inflow from investment activities reached CNY 2,122,343,662.48, up from CNY 1,638,875,887.86 year-over-year, indicating robust investment recovery efforts[57] - The total cash and cash equivalents at the end of Q1 2020 amounted to CNY 2,955,014,429.50, compared to CNY 10,800,149,445.74 at the end of the previous year, indicating a decrease in liquidity[57] - Cash outflows for operating activities totaled CNY 892,154,790.13, down from CNY 2,028,758,149.72 in the same quarter last year, showing improved cost control[56] - The company recorded a net increase in cash and cash equivalents of CNY 1,846,885,329.89 for Q1 2020, compared to CNY 1,003,623,510.24 in the previous year, indicating a positive cash flow trend[57] Strategic Initiatives - The company has engaged in a significant asset restructuring, acquiring 100% equity of Hainan Supply and Marketing Group Co., Ltd. from 37 counterparties[10] - The company has signed profit compensation agreements with 22 counterparties, which include provisions for share compensation in case of non-fulfillment of performance commitments[10] - The company’s financial performance and shareholder structure indicate a strong reliance on its major shareholders for strategic direction and financial stability[12] - The report indicates that the company is actively involved in market expansion and strategic partnerships, although specific new products or technologies were not detailed in the provided content[14] - The company is in the process of transferring 100% equity of Xi'an Qujiang Huaping Real Estate Co., Ltd. for a total transaction price of approximately 1,185.70 million[23] Compliance and Governance - The company has not completed the performance commitments for 2018, as detailed in the special audit report dated April 30, 2019[30] - The company is facing complexities in coordinating with shareholders who have pledged or frozen their shares, affecting the execution of the 2018 share repurchase and cancellation[34] - There were no instances of non-compliance with external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[39] - The company has engaged a qualified auditing firm to verify the net profit figures for the compensation period[29] Future Outlook - The report does not provide specific future outlook or performance guidance, focusing instead on shareholder structure and past performance commitments[14] - The company has committed to conducting impairment tests on the controlling interests after the profit compensation period ends[33]

Financial Performance - Operating revenue for the reporting period was ¥1,508,075,328.73, representing a decline of 72.68% year-on-year[3] - Net profit attributable to shareholders of the listed company was -¥98,301,862.08, a decrease of 128.36% compared to the same period last year[3] - Basic earnings per share were -¥0.0164, reflecting a decrease of 128.42% compared to the previous year[3] - The net profit for the first nine months of 2019 was a loss of approximately ¥115.07 million, a decline of 114.96% from a profit of ¥769.38 million in 2018[15] - The company reported a total comprehensive income attributable to the parent company's shareholders was a loss of approximately ¥81.12 million, down 110.49% from ¥773.47 million in the same period last year[15] - The net profit for the third quarter was -¥75,609,723.03, worsening from -¥58,451,629.11 in the same period last year, reflecting an increase in losses of approximately 29.4%[46] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥54,509,761,393.36, a decrease of 1.74% compared to the end of the previous year[3] - The company's total non-current assets decreased to CNY 22.50 billion from CNY 24.97 billion, a decline of approximately 9.9%[36] - Total liabilities decreased to CNY 22.78 billion from CNY 23.66 billion, indicating a reduction of about 3.7%[37] - The company's equity attributable to shareholders was CNY 31.10 billion, down from CNY 31.17 billion, a decrease of about 0.2%[38] - The company's total liabilities to equity ratio stands at approximately 0.74, indicating a balanced capital structure[63] Cash Flow - The net cash flow from operating activities was significantly reduced, with a net amount of ¥625,888,604.93, down 63.40% year-on-year[3] - Cash flow from operating activities for the first nine months was approximately ¥625.89 million, a decrease of 63.40% from ¥1.71 billion in the same period of 2018[16] - The net cash flow from operating activities for Q3 2019 was approximately ¥625.89 million, a decrease from ¥1.71 billion in the same period last year[55] - The net cash flow from financing activities decreased compared to the same period last year, mainly due to a reduction in cash received from borrowings[3] Shareholding Structure - The total number of ordinary shareholders at the end of the reporting period was 75,207[6] - The largest shareholder, HNA Commercial Holding Co., Ltd., held 15.31% of the shares, amounting to 920,048,318 shares[6] - The total shareholding of all related parties amounts to 46.79%, totaling 2,810,943,945 shares, with 2,797,584,981 shares pledged[10] - The company has a significant portion of its shares frozen, totaling 1,230,517,196 shares across all related parties[10] - The report indicates a stable shareholding structure with no new major changes in the reporting period[9] Operational Changes and Future Plans - The company plans to acquire 100% equity of HNA Cargo for a transaction price not exceeding 1.5 billion yuan, pending further agreements[22] - The company is awaiting a suitable market condition to proceed with the issuance of a commercial property asset-backed special plan, which was previously approved[23] - The company is actively pursuing mergers and acquisitions to enhance its product offerings, with a budget of 500 million RMB allocated for potential targets in 2020[26] - New product launches in the pipeline include a smart retail solution aimed at enhancing customer experience, expected to be released in Q4 2019[26] Research and Development - Research and development expenses increased by 336.47% to approximately ¥16.09 million, compared to ¥3.69 million in the same period last year[15] - Research and development expenses for Q3 2019 were ¥16,087,683.02, significantly higher than ¥3,685,872.30 in the same period last year, indicating an increase of about 336.5%[48] Market and User Growth - The user base grew to 3 million active users, an increase of 20% compared to the previous quarter[26] - The company expects a revenue guidance of 5.5 billion RMB for the full year 2019, indicating a growth of 15% from 2018[26] Financial Management - The company has a total of CNY 607.12 million in entrusted financial management, with CNY 402.62 million in broker financial products and CNY 200 million in other types[31] - The company has no derivative investments during the reporting period[32] - There are no violations regarding external guarantees during the reporting period[33]

Financial Performance - The company's operating revenue for the reporting period was ¥3,226,733,732.81, a decrease of 62.65% compared to the same period last year[10]. - The net profit attributable to shareholders of the listed company was ¥6,775,996.38, down 98.39% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,978,865.17, a decrease of 98.08% compared to the previous year[10]. - The net cash flow from operating activities was ¥450,301,768.49, down 75.12% from the same period last year[10]. - Basic earnings per share were ¥0.0011, a decline of 98.43% year-on-year[10]. - The gross profit margin for the wholesale retail chain business was 22.28%, down 6.94% year-on-year, with revenue decreasing by 64.64%[37]. - The company reported a total comprehensive income of CNY -7,025,247.84, significantly lower than CNY 476,584,203.39 in the same period of 2018[116]. - The company incurred financial expenses of CNY 281,648,880.41, an increase from CNY 166,401,794.72 in the previous year[116]. - The company reported a total of ¥4,223,550,240.08 in financial assets measured at fair value through profit or loss, compared to ¥2,013,080,000.00 in the previous period[112]. Assets and Liabilities - Total assets at the end of the reporting period were ¥54,407,641,793.09, a decrease of 1.92% from the end of the previous year[10]. - The total inventory at the end of the reporting period was ¥6,337,606,430.15, representing 11.65% of total assets[40]. - The company's short-term borrowings amounted to ¥7,390,771,735.67, accounting for 13.58% of total assets[40]. - Total liabilities decreased to ¥22,595,199,004.04 from ¥23,655,992,299.26[113]. - The total liabilities at the end of the reporting period were CNY 24,428,465,183.73, reflecting the company's financial obligations[121]. Strategic Initiatives - The company is positioned as a national commodity circulation service enterprise, focusing on integrating online and offline platforms through its "New Cool Shop" initiative[15]. - The "New Retail" strategy of Minsheng Department Store combines physical stores with online shopping, adapting to consumer demand changes[15]. - The company is focusing on developing a comprehensive business ecosystem that integrates trade, logistics, and supply chain finance[15]. - The company is actively expanding its market presence through the establishment of "Commerce Logistics Parks" and "Daji Mao" products[15]. - The company plans to enhance its online and offline integration to adapt to changing consumer demands and improve customer access[51]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company held a temporary shareholders' meeting with a participation rate of 65.27% on February 18, 2019[53]. - The board of directors will consist of 7 members, including 3 independent directors, with nominations from HNA Commercial Holdings and New Cooperation Group[65]. - HNA Commercial Holdings will remain the controlling shareholder of the listed company to ensure stability and continuity in management[65]. - The company has commitments from major shareholders not to reduce their holdings for three years post-transaction completion[64]. Market Challenges - The company is facing challenges from intensified competition and a slowdown in domestic economic growth, impacting its wholesale and retail business[22]. - The company reported a 96.98% decline in revenue for its investee company, Zhanghe Tianxia (Beijing) Information Technology Co., Ltd., with a net loss of ¥8,102,944.06[49]. - The company did not complete the performance commitment for 2018, with the net profit attributable to shareholders of the parent company falling short of the target of CNY 143,005.80 million[66]. Social Responsibility and Community Engagement - The company invested 28.11 million in poverty alleviation efforts in the first half of 2019, with 7.68 million specifically for agricultural industry poverty alleviation[82]. - The company has a volunteer team of over 2,000 people, conducting 10 volunteer activities in regions such as Shaanxi, Hainan, and Guangdong[83]. - The company aims to combine precise poverty alleviation with agricultural industrialization to create sustainable income sources for impoverished communities[81]. - The company has organized volunteer activities involving over 1,000 employees, benefiting more than 1,300 vulnerable individuals[86]. Financial Reporting and Compliance - The financial report for the first half of the year has not been audited[67]. - The company has confirmed that its e-commerce subsidiary has not yet commenced operations and will not engage in any competitive business activities[62]. - The company has established a risk prevention system to address operational challenges as it expands its business scope[52]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting and compliance[141]. Investment and Subsidiary Management - The company has established multiple subsidiaries in real estate development and domestic commerce, with a 100% indirect ownership in several entities[135]. - The company completed the transfer of 100% equity of Heilongjiang New Cooperation Real Estate Co., Ltd. for a total price of RMB 2.85 billion[89]. - The company has a significant presence in real estate development, with subsidiaries like Tianjin Ninghe HNA Real Estate Investment Development Co., Ltd. holding a 92.99% indirect stake[133]. - The company has established a financial investment subsidiary in Xi'an, further expanding its financial services portfolio[113].

Financial Performance - The company reported a total revenue of RMB 10.5 billion for the year 2018, representing a year-on-year increase of 15%[6]. - The net profit attributable to shareholders was RMB 1.2 billion, which is a 10% increase compared to the previous year[6]. - Future guidance estimates a revenue growth of 12% for 2019, with a target revenue of RMB 11.76 billion[6]. - The company's operating revenue for 2018 was ¥16,316,046,847.50, a decrease of 41.29% compared to ¥27,789,526,701.16 in 2017[13]. - The net profit attributable to shareholders for 2018 was ¥762,446,096.96, down 46.10% from ¥1,414,520,857.98 in 2017[13]. - The net profit after deducting non-recurring gains and losses was ¥151,975,533.01, a significant decline of 87.22% from ¥1,189,534,813.26 in 2017[14]. - The total revenue for the company in 2018 was approximately ¥16.32 billion, a decrease of 41.29% compared to ¥27.79 billion in 2017[33]. - The revenue from the wholesale and retail chain business was ¥13.11 billion, accounting for 80.38% of total revenue, down 46.56% from ¥24.54 billion in 2017[33]. - The company achieved net profits of CNY 18,725.58 million, CNY 143,005.80 million, and CNY 229,833.32 million in 2016, 2017, and 2018 respectively, but did not meet the commitment in 2018[84]. Market Expansion and Strategy - The company plans to expand its market presence by opening 50 new retail locations in 2019, aiming for a 20% growth in customer base[6]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and market reach[6]. - The company aims to leverage its shareholder advantages from the China Supply and Marketing Group to enhance its rural circulation services[26]. - The company is focusing on a new retail model that combines traditional retail with e-commerce and community shopping centers[21]. - The company plans to expand its market presence by entering three new provinces in 2019, aiming to increase market share by 10%[138]. - The company is actively pursuing strategic partnerships and management output businesses to enhance its brand and operational capabilities[28]. - The company is focused on expanding its market presence through strategic investments and partnerships[145]. Research and Development - The company has invested RMB 300 million in new product development, focusing on enhancing its e-commerce platform and logistics capabilities[6]. - Research and development expenses increased by 117.39% to ¥5,258,652.65 in 2018 from ¥2,418,999.37 in 2017, representing 0.04% of total operating costs[36]. - The company is actively developing a comprehensive trade platform to improve internal collaboration and external sharing across its business ecosystem[22]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2018[133]. - The company plans to increase its financial investment in technology by 50 million RMB to support growth initiatives[133]. Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for the year 2018, opting to reinvest profits into business expansion[4]. - The company’s cash flow is sufficient to support future operations while adhering to legal and regulatory requirements for solvency[67]. - The total cash inflow from investment activities surged by 601.90% to ¥6,434,328,610.74, primarily due to cash received from the disposal of subsidiaries and other assets[45]. - Investment income accounted for 44.90% of total profit, primarily from the disposal of real estate projects and gains from financial products[47]. - The company reported a significant increase in cash flow from operating activities in the fourth quarter, amounting to ¥2,271,254,700.78[16]. Corporate Governance and Shareholder Relations - The company’s major shareholder remains HNA Commercial Holding Co., Ltd., which has maintained its stake since 2008[10]. - The company has committed to maintaining a stable profit distribution policy, ensuring that cash dividends do not exceed the cumulative distributable profits[67]. - The company has not proposed any cash dividend distribution for the reporting period despite having positive net profits available for distribution[70]. - The company has adhered to its commitments regarding related transactions and fund occupation as part of the restructuring process[74]. - The company has a comprehensive evaluation system for its management team, combining financial and performance indicators[185]. Social Responsibility and Community Engagement - The company actively fulfills its corporate social responsibility, particularly in precision poverty alleviation efforts[113]. - In 2018, the company invested nearly 2.6 million yuan in poverty alleviation efforts, with over 1.6 million yuan specifically allocated to agricultural industry poverty alleviation[115]. - The company organized 40 volunteer activities in various regions, with a total of 993 volunteer participations[115]. - The company’s initiatives in 2018 earned it recognition, including the "2018 First Financial·China Corporate Social Responsibility List Beautiful Life Award" and the "International Financial News·2018 Annual Poverty Alleviation Model Award"[116]. - The company aims to integrate its poverty alleviation work with its business operations, focusing on brand development and market expansion for local agricultural products[117]. Leadership and Management Changes - The company reported significant leadership changes, including the appointment of Han Wei as President and Wang Hui as CFO on January 18, 2019[165]. - The company experienced a change in its board composition with several resignations and appointments, including the election of Zhang Weiliang as Chairman on May 18, 2018[162]. - The company has a strong board with members holding advanced degrees and extensive experience in management and finance, enhancing its strategic direction[164]. - The leadership changes are part of a broader strategy to align the company's management with its growth ambitions[165]. - The company has undergone a restructuring of its management team to improve governance and operational oversight[166]. Compliance and Internal Controls - The internal control audit report issued a standard unqualified opinion, indicating effective financial reporting controls in all material aspects[189]. - The company maintained effective internal controls over financial reporting as of December 31, 2018[189]. - The financial statements were prepared in accordance with accounting standards and fairly reflect the company's financial position and operating results for the year ended December 31, 2018[196]. - The company has made significant improvements to its internal control systems in line with regulatory requirements[186]. - The company has not reported any significant internal control deficiencies during the period[186].

供销大集集团股份有限公司 2019 年第一季度报告全文 供销大集集团股份有限公司 2019 年第一季度报告 2019 年 04 月 1 供销大集集团股份有限公司 2019 年第一季度报告全文 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。 公司负责人杜小平、主管会计工作负责人王卉及会计机构负责人(会计主管 人员)尚建飞声明：保证季度报告中财务报表的真实、准确、完整。 2 供销大集集团股份有限公司 2019 年第一季度报告全文 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 | --- | --- | --- | --- | |---------------------------------------------------------------------|-------------------|-------------------|---------------------------| ...

供销大集集团股份有限公司 2018 年第三季度报告正文 股票代码：000564 股票简称：供销大集 公告编号：2018-113 供销大集集团股份有限公司 2018 年第三季度报告正文 供销大集集团股份有限公司 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 □ 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） | 55,874,700,196.26 | 55,816,626,498.71 | | 0.10% | | 归属于上市公司股东的净资产 （元） | 31,103,890,964.39 | 30,379,499,274.38 | | 2.38% | | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | | | 增减 | | 年同期增减 | | 营业收入（元） | 5,519,329,757.50 | -0.14% | 14,159,207,582.15 | -11.16% | | ...

Financial Performance - The company's operating revenue for the reporting period was approximately ¥8.64 billion, a decrease of 17.02% compared to the previous year[16]. - Net profit attributable to shareholders was approximately ¥420.84 million, an increase of 18.00% year-on-year[16]. - The net cash flow from operating activities reached approximately ¥1.81 billion, representing a significant increase of 813.92% compared to the previous year[16]. - Basic earnings per share were ¥0.0700, up 17.85% from the previous year[16]. - Total assets at the end of the reporting period were approximately ¥55.31 billion, a decrease of 0.92% from the end of the previous year[16]. - Net assets attributable to shareholders increased to approximately ¥30.80 billion, reflecting a growth of 1.37% year-on-year[16]. - The company reported a net profit excluding non-recurring gains and losses of approximately ¥311.73 million, a slight increase of 2.59% year-on-year[16]. - The company achieved operating revenue of 863,987.78 million CNY, a decrease of 17.02% compared to the same period last year, while net profit increased by 18.66% to 43,145.95 million CNY[35]. - The company reported a significant increase in investment income, totaling RMB 502.81 million, compared to a loss of RMB 85.78 million in the first half of 2017[180]. - The company’s total profit for the first half of 2018 was RMB 729.15 million, an increase of 51.1% from RMB 482.72 million in the same period of 2017[180]. Strategic Initiatives - The company has committed to future growth strategies, although specific details were not disclosed in the report[4]. - The company aims to integrate its business model through the use of IoT, smart logistics, and supply chain finance, enhancing its operational efficiency[24]. - The company is focused on expanding its retail network and enhancing its e-commerce capabilities to meet diverse consumer needs[25]. - The company’s strategic focus includes developing a new retail ecosystem that combines online and offline sales channels[26]. - The company plans to leverage its financial services to support its supply chain and enhance overall business performance[26]. - The company is actively exploring bulk wholesale trade, successfully entering the market with 12 well-known enterprises[39]. - The company is focused on integrating its supply chain services, enhancing its overall operational efficiency and market competitiveness[38]. - The company is undergoing a major asset restructuring, with ongoing updates and disclosures about the progress and implications for the market[136][137]. Market Position and Expansion - The company ranked 264th in the 2018 Fortune China 500 list, reflecting its strong market position[28]. - The company has established a total of 16,000 signed stores and 46 cloud warehouses, covering 29 provinces and over 900 cities in China[32]. - The company expanded its "Cool Shop" business, achieving a total of 16,000 signed stores across 6 core cities and 28 key cities by June 2018[36]. - The company launched 11 new cloud warehouses in the first half of 2018, bringing the total to 46, with a storage area of 23.82 million square meters[37]. - The company has ongoing strategies for market expansion and new product development, focusing on sustainable business practices in real estate[50]. Risk Management - The company faces market demand risks due to potential economic slowdowns, which could impact consumer confidence and demand[67]. - The company is addressing market competition risks by enhancing its business layout and strengthening industry collaboration[68]. - The company has established a risk prevention system to improve management capabilities and ensure sustainable development[68]. Shareholder and Governance Matters - The company held three temporary shareholder meetings with participation rates of 14.91%, 67.44%, and 68.00% during the reporting period[71]. - The company has made commitments regarding the independence of the listed company and the reduction and regulation of related transactions during the major asset restructuring in 2009[74]. - HNA Commercial has committed to compensate for any losses incurred by the company due to obligations arising from the asset purchase agreement[74]. - The company has established commitments to avoid fund and asset occupation and illegal guarantees during the major asset restructuring in 2016[74]. - The company has not encountered any situations requiring compensation from HNA Commercial or joint liability from HNA Group[74]. Community and Social Responsibility - The company invested over CNY 1.6 million in agricultural product sales to support poverty alleviation efforts[117]. - The company has established a three-tier network workgroup for effective implementation of precision poverty alleviation projects[118]. - The company has over 3,000 registered volunteers participating in poverty alleviation activities across various regions[118]. - The company conducted 37 volunteer activities, with a total of 942 volunteer participations in the first half of 2018[118]. - The company has invested approximately 169.37 million yuan in poverty alleviation efforts, helping 44 registered impoverished individuals to escape poverty[124]. Financial Health and Compliance - The company has not issued any public bonds that are due or unable to be fully repaid as of the report date[164]. - The financial report for the first half of 2018 has not been audited, which may affect the reliability of the financial data presented[166]. - The company has undergone significant changes in its board of directors, with multiple appointments and resignations occurring on May 18, 2018[161]. - The company has not reported any violations regarding external guarantees during the reporting period[111]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts overdue[95].

Financial Performance - The company's operating revenue for 2017 was CNY 27,789,526,701.16, representing a 91.52% increase compared to the previous year[18]. - The net profit attributable to shareholders for 2017 was CNY 1,414,520,857.98, showing a 99.70% increase year-over-year[18]. - Basic earnings per share for 2017 were CNY 0.2354, a 15.45% increase compared to the previous year[18]. - Total assets at the end of 2017 were CNY 55,816,626,498.71, reflecting a 12.55% increase from the previous year[18]. - The net assets attributable to shareholders at the end of 2017 were CNY 30,379,499,274.38, a 1.34% increase year-over-year[18]. - The company reported a gross margin of 14.01% for the wholesale and retail chain business, down from 19.87% in 2016[55]. - The total operating costs increased by 120.06% to ¥23,638,976,819.73, with the cost of the wholesale and retail chain business rising by 110.89%[59]. - The company achieved a revenue of CNY 2,778,952.67 million, representing a 91.75% increase year-over-year, and a net profit of CNY 147,414.75 million, up 99.73% from the previous year[42]. - Total revenue for 2017 reached ¥27,789,526,701.16, a 91.52% increase from ¥14,509,932,040.00 in 2016[53]. - The financial business generated ¥128,879,303.23, an 80.90% increase compared to ¥71,243,546.10 in the previous year[53]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.10 RMB per 10 shares based on a total share capital of 6,007,828,231 shares as of December 31, 2017[4]. - The cash dividend proposal for 2017 is to distribute CNY 0.10 per 10 shares, totaling CNY 60,078,282.31, which represents 100% of the profit distribution[115]. - The cumulative cash dividend amount over the last three years is CNY 19,225.05 million, accounting for 31.04% of the average distributable profit during the same period[112]. - The average distributable profit for the years 2015 to 2017 is CNY 61,946.09 million[112]. - The company’s cash flow is sufficient to support the proposed cash dividend distribution without affecting future operations[110]. Business Operations and Strategy - The company maintains its main business in wholesale and retail, with no changes reported during the reporting period[14]. - The company transitioned from a regional traditional retail enterprise to a national commodity circulation service provider following a major asset restructuring in 2016[30]. - The company’s business model now includes wholesale retail, e-commerce, and supply chain services, with a focus on integrating online and offline channels[31]. - The company aims to enhance its supply chain financial services, expanding its offerings to include internet finance, commercial factoring, and small loans[32]. - The company is focused on integrating online and offline resources to create a comprehensive retail ecosystem, enhancing its competitive edge in the market[38]. - The company is committed to enhancing its core competitiveness in retail, e-commerce, and supply chain finance while expanding its business in warehousing and logistics[96]. - The company aims to integrate its various business units into a new "Kupu" model to streamline operations and reduce costs[99]. Acquisitions and Investments - The company engaged in a business combination by transferring three real estate project companies and acquiring 100% equity of another company during the reporting period[24]. - The acquisition of China Shun Ke Long Holdings Limited resulted in the company holding 204,558,317 shares, representing 70.42% of the total share capital, facilitating business expansion in the Pearl River Delta region[46]. - The company completed the acquisition of China Shunke Long Holdings with an investment of approximately ¥675.17 million, holding a 70.42% stake[76]. - The company completed the acquisition of 55.80% of the shares of China Shun Ke Long Holdings Limited for 640 million HKD, further expanding its market presence[189]. Market Expansion and Growth - The company expanded its retail network, signing over 20 cooperation agreements with local governments, covering approximately 250,000 acres of land for new projects[42]. - The online B2B platform "Zhanghe Tianxia" achieved a GMV exceeding CNY 80 billion, with operations covering 29 provinces and over 900 cities[43]. - The company plans to open 2,000 new "Kupu" retail stores and establish 70 cloud warehouses to enhance its supply chain solutions and improve operational efficiency[99]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2020[196]. - The company plans to issue non-public bonds worth 1 billion RMB to fund its expansion and R&D initiatives[193]. Financial Management and Compliance - The company has established a standardized management and risk prevention system to enhance operational capabilities and management levels as business scales expand[105]. - The company is actively managing its financial structure, including shareholder equity pledges and guarantees to subsidiaries[192]. - The company is committed to transparency in its financial disclosures, with regular updates on significant corporate actions and performance metrics[192]. - The company is focused on maintaining compliance with regulatory requirements during the restructuring process, ensuring that all necessary disclosures are made[200]. Social Responsibility and Community Engagement - The company actively engaged in social responsibility, focusing on poverty alleviation through various initiatives[171]. - In 2017, the company invested 450,000 RMB in a photovoltaic power generation project benefiting 430 impoverished households[177]. - The company facilitated the direct procurement and sales of nearly 5,000 tons of seasonal agricultural products in key poverty-stricken areas[177]. - A total of 1,068 impoverished students received financial assistance amounting to 13.05 million yuan, aimed at improving educational resources in impoverished areas[179]. - The company plans to implement a "Dairy and Egg Project" in Hunan to address food safety issues in impoverished regions and promote healthy eating among students[183]. Legal and Regulatory Commitments - The company has not faced any incidents requiring HNA Commercial to compensate for losses related to the asset restructuring commitments[118]. - The company has committed to ensuring its independence and reducing related party transactions, which has been adhered to as of the reporting date[118]. - HNA Commercial Holdings has committed to compensating for any losses arising from defects in property ownership and lease rights related to the Xingzhengyuan Shopping Center[122]. - The company has established a framework for handling major litigation and arbitration commitments related to its restructuring efforts[133]. Challenges and Risks - The company recognizes market demand risks due to potential economic slowdowns and plans to adjust its business strategies accordingly[103]. - The company faces intensified market competition and will strengthen its business layout to enhance market share and brand influence[104]. - The company faced challenges in achieving expected benefits from new store openings due to intensified competition and the impact of e-commerce on traditional retail, resulting in underperformance in several projects[86].

股票代码：000564 股票简称：供销大集 公告编号：2018-041 供销大集集团股份有限公司 2018 年第一季度报告正文 1 供销大集集团股份有限公司 2018 年第一季度报告正文 供销大集集团股份有限公司 2018 年第一季度报告正文 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。 公司负责人何家福、主管会计工作负责人韩玮及会计机构负责人(会计主管 人员)王卉声明：保证季度报告中财务报表的真实、准确、完整。 2 供销大集集团股份有限公司 2018 年第一季度报告正文 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 √ 是 □ 否 追溯调整或重述原因 会计政策变更;同一控制下企业合并 | | 本报告期 | 上年同期 | | 本报告期比上年同 期增减 | | --- | --- | --- | --- | --- | | | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 4,845 ...

Financial Performance - Total assets increased by 9.27% to CNY 54.74 billion compared to the previous year[8] - Operating revenue reached CNY 5.53 billion, a 70.15% increase year-on-year[8] - Net profit attributable to shareholders surged by 836.65% to CNY 676.82 million[8] - Net profit excluding non-recurring items rose by 928.83% to CNY 407.44 million[8] - Basic earnings per share increased by 309.82% to CNY 0.1127[8] - Operating revenue for the first nine months increased by 67.32% to CNY 15.85 billion compared to CNY 9.47 billion in the same period last year[17] - Net profit surged by 684.37% to CNY 1.07 billion from CNY 136.08 million year-on-year[17] - The company reported a significant increase in investment income, rising by 9567.93% to CNY 968.75 million from CNY 10.02 million[17] - The company reported a significant increase in tax expenses, which rose to ¥281,058,739.13 from ¥12,380,520.18, an increase of approximately 2,270.0%[73] - The company reported a net loss of ¥690,838,866.55 compared to a loss of ¥1,352,356,003.81 in the previous period, indicating an improvement in financial performance[67] Cash Flow and Assets - The company reported a significant decrease in cash flow from operating activities, down 67.70% to CNY 1.19 billion[8] - The company's cash and cash equivalents increased by 34.03% from CNY 13.57 billion at the beginning of the year to CNY 18.18 billion at the end of the period[17] - The net cash flow from operating activities decreased by 67.70% to CNY 1.19 billion from CNY 3.70 billion[18] - The net cash flow from operating activities was 1,194,772,787.56, a decrease of 67.7% compared to 3,699,421,892.28 in the previous period[85] - The net cash flow from investment activities was -2,695,976,839.42, contrasting with a positive 3,357,177,399.30 in the prior period[85] - The ending cash and cash equivalents balance was 11,015,570,843.93, up from 9,218,470,730.66 at the end of the previous period[85] Liabilities and Equity - Short-term borrowings increased by 60.23% to CNY 7.88 billion from CNY 4.92 billion[17] - The company’s total liabilities increased, with long-term borrowings rising by 59.05% to CNY 3.57 billion from CNY 2.25 billion[17] - The equity attributable to shareholders decreased to ¥30,156,786,314.29 from ¥30,482,841,866.05, a decline of about 1.1%[67] - Total liabilities grew to ¥23,749,918,675.03 from ¥18,990,047,902.45, marking an increase of around 25.0%[67] Business Operations and Strategy - The company completed mergers resulting in the acquisition of 100% of Hainan Wanghai International Commercial Plaza and 64.28% of Xinhang Microfinance[9] - The company plans to continue expanding its market presence and exploring new strategies for growth[26] - The company is preparing to open its first smart unmanned convenience store in Haikou by the end of the year, utilizing deep learning and facial recognition technologies[33] - The company aims to optimize its supply chain services and enhance delivery efficiency through regional unified warehousing and distribution strategies[33] - The company is actively promoting the "Cool Shop" manager five-star service project to upgrade its franchise model from a product supply focus to a differentiated service and product supply model[33] Market Expansion and Future Outlook - The company provided a positive outlook for 2017, projecting a revenue growth of 10% to 12% for the upcoming fiscal year[39] - Market expansion plans include entering three new international markets by the end of 2017, aiming for a 5% market share in each[39] - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million allocated for potential mergers and acquisitions[39] - The company is actively pursuing market expansion strategies, targeting new regions with a projected investment of 300 million RMB over the next year[49] Social Responsibility and Community Engagement - The company invested CNY 45,000 in a photovoltaic poverty alleviation project, generating 80 kWh of electricity in the first half of 2017[54] - A total of CNY 96.52 million was allocated for poverty alleviation efforts in the third quarter, with CNY 21.77 million in material donations[56] - The company supported 70 impoverished students with CNY 10.4 million in educational assistance and provided CNY 3.3 million worth of teaching equipment[57] - The company will collaborate with Tencent Charity and other platforms to enhance the impact of its "Spring Seedling Plan" for supporting impoverished children[58] Corporate Governance and Compliance - The company has made a legal commitment to avoid any actions that could harm the rights of minority shareholders[44] - The company is undergoing a special audit report regarding the performance commitments of Hainan Supply and Marketing Group Co., Ltd., ensuring compliance and transparency[37] - The company has acknowledged existing e-commerce competition issues and is committed to resolving them as part of the business integration strategy[43]