北京市盈科（深圳）律师事务所 关于人人乐连锁商业集团股份有限公司 2023年第一次（临时）股东大会 的 法律意见书 北京市盈科（深圳）律师事务所 深圳市福田区鹏程一路广电金融中心 23/30/31/32 层 二○二三年八月 股东大会法律意见书 北京市盈科（深圳）律师事务所 关于人人乐连锁商业集团股份有限公司 2023年第一次（临时）股东大会 的 法 律 意 见 书 致：人人乐连锁商业集团股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会发布的《上市公司股 东大会规则》（以下简称"《股东大会规则》"）、《深圳证券交易所上市公司股东大 会网络投票实施细则（2020 年修订）》（以下简称"《网络投票实施细则》"）、《律 师事务所从事证券法律业务管理办法》（以下简称"《从业办法》"）、《律师事务所 证券法律业务执业规则（试行）》（以下简称"《执业规则》"）等法律、法规和规范 性文件的规定以及《人人乐连锁商业集团股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，北京市盈科（深圳）律师事务所（以下简称"本所"）接受人 ...

人人乐连锁商业集团股份有限公司 证券代码：002336 证券简称：人人乐 公告编号：2023-048 现场会议时间：2023 年 8 月 14 日 15：00 网络投票时间：2023 年 8 月 14 日 其中：通过深圳证券交易所交易系统投票的时间为 2023 年 8 月 14 日上午 9:15-9:25、9:30—11:30、下午 13:00—15:00；通过深圳证券交易所互联网投票系 统投票的具体时间为 2023 年 8 月 14 日 9:15 至 15:00 期间的任意时间。 人人乐连锁商业集团股份有限公司 2023 年第一次（临时）股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示 1、 本次股东大会不存在否决议案的情形。 2、 本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、召开时间： 2、现场会议召开地点：深圳市宝安区洲石路人人乐集团总部大楼二层第一 会议室。 3、召开方式：现场会议与网络投票相结合的方式 4、召集人：第五届董事会 5、主持人：董事侯延奎（半数以上董事推荐） 6、本次会议的召集、 ...

人人乐连锁商业集团股份有限公司 证券代码：002336 证券简称：人人乐 公告编号：2023-049 人人乐连锁商业集团股份有限公司 关于选举第六届监事会职工代表监事的公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 人人乐连锁商业集团股份有限公司（以下简称"公司"）第五届监事会任期 已届满。根据《公司法》和公司《章程》规定，公司第六届监事会由 3 名监事组 成，其中非职工监事 2 名，由公司股东大会选举产生；职工监事 1 名由公司职工 大会选举产生。第六届监事会任期自公司股东大会选举产生之日起三年。 2023 年 8 月 14 日，公司召开了 2023 年第一次职工代表大会，对第六届监 事会职工监事代表人选进行选举，会议由工会主席主持，50 名职工代表参加了 本次会议。经职工代表大会认真审议，会议以举手表决的方式，一致通过并选举 苏桂梅为公司第六届监事会职工代表监事（简历附后），并将与公司股东大会选 举产生的 2 名非职工代表监事共同组成第六届监事会，任期与第六届监事会一致。 特此公告。 人人乐连锁商业集团股份有限公司 人人乐连锁商业集团股份有限公司 附 ...

Group 1: Business Performance and Strategy - The company is gradually improving its business scale post-pandemic, with a focus on enhancing sales and operational performance [1] - In 2022, the company achieved a total revenue of CNY 3.971 billion, with online sales contributing CNY 400 million, accounting for 10.06% of total revenue [2][3] - As of December 31, 2022, the company operated 113 physical stores [2] Group 2: Shareholder and Investment Activities - As of April 2023, the number of shareholders reached 40,050 [2] - The controlling shareholder, Qujiang Culture, has pledged 99.99% of its shares, but this does not pose a risk to the company's operations or governance [5][6] - Qujiang Culture signed a share transfer agreement to increase its stake in the company, aiming to leverage its capital advantages for sustainable development [3][6] Group 3: Market Position and Competitive Advantage - The company ranked 30th in the "Top 100 Supermarkets in China" and 77th in the "Top 100 Chain Enterprises in China" in 2021 [2][3] - Core competitive advantages include regional layout, brand strength, logistics distribution, and innovation capabilities [6] Group 4: Future Plans and Innovations - The company is exploring new store models in response to changing market and consumer habits [6] - Future strategies include optimizing product structure, enhancing digital marketing, and improving customer experience through various channels [4][6]

Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥955.34 million, a decrease of 20.99% compared to ¥1,209.08 million in the same period last year[15]. - The net profit attributable to shareholders for Q1 2023 was approximately -¥98.59 million, representing a decline of 30.70% from -¥75.43 million in Q1 2022[15]. - The basic earnings per share for Q1 2023 were -¥0.2241, a decrease of 30.75% from -¥0.1714 in the same period last year[15]. - The company reported a net loss of approximately CNY 3.07 billion, compared to a loss of CNY 2.97 billion at the beginning of the year[41]. - Total operating revenue for the current period was $955.34 million, down 20.93% from $1,209.08 million in the previous period[43]. - The company reported a net loss of $98.59 million, worsening from a net loss of $75.43 million in the previous period[44]. - Basic and diluted earnings per share were both -$0.2241, compared to -$0.1714 in the previous period[44]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to approximately ¥235.56 million, up 1,018.70% from ¥21.06 million in the previous year[15]. - The company's cash and cash equivalents increased to approximately CNY 446.25 million from CNY 285.09 million, representing a growth of 56.5%[40]. - Cash and cash equivalents at the end of the period reached $375.93 million, up from $155.27 million in the previous period[47]. - The company generated $1,177.80 million in cash from sales, down from $1,457.42 million in the previous period[46]. - Investment activities generated a net cash flow of $1.24 million, recovering from a net outflow of $12.74 million in the previous period[46]. Assets and Liabilities - The total assets at the end of Q1 2023 were approximately ¥4.68 billion, a decrease of 3.52% from ¥4.85 billion at the end of the previous year[15]. - Total assets decreased from CNY 4.85 billion to CNY 4.68 billion, a reduction of 3.4%[41]. - Total liabilities decreased from CNY 4.74 billion to CNY 4.67 billion, a decline of 1.5%[41]. - The non-current liabilities decreased from CNY 1.97 billion to CNY 1.92 billion, a decline of 2.7%[41]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,506[20]. - The top shareholder, Shenzhen Haoming Investment Holding Group Co., Ltd., holds 22.86% of shares, totaling 100,579,100 shares[20]. - The company has initiated a comprehensive tender offer, with 107,282,034 shares (24.38% of total shares) offered at a price of 5.88 CNY per share[22]. - The tender offer period was from January 13, 2023, to February 13, 2023, with only 50,000 shares (0.0114% of total shares) accepted[22]. - The company signed a share transfer agreement involving 172,854,100 shares (39.2850% of total shares) with several shareholders[22]. - The voting rights of the shares transferred to Xi'an Tongji Yongle Commercial Operation Management Co., Ltd. will continue until April 30, 2023[23]. - The company has a significant number of shares held through margin accounts, including 5,511,991 shares by shareholder Wang Jianhong[21]. - The company reported a total of 93,038,866 shares held by Xi'an Qujiang Cultural Industry Investment Group Co., Ltd., representing 21.15% of shares[20]. - The shareholder He Jinming holds 20.25% of shares, totaling 89,100,000 shares[20]. - The controlling shareholder, Qujiang Wento Group, released 82 million shares (accounting for 20% of total share capital) from a previous pledge, leaving 6 million shares pledged[39]. Investment and Expenses - The company reported an investment income of approximately ¥2.00 million, a 100.00% increase compared to the previous year due to new large-denomination certificates of deposit[8]. - The fair value change income decreased by 72.29% to approximately ¥841.44 million, down from ¥3.04 million in the same period last year[8]. - The net cash flow from investing activities improved to approximately ¥1.24 million, a 109.73% increase from -¥12.74 million in the previous year[8]. - The company experienced a significant increase in non-operating expenses, which rose by 184.99% to approximately ¥4.98 million due to increased estimated compensation expenses[8]. - The company incurred tax expenses of $32.98 million, an increase from $16.03 million in the previous period[46].

Financial Reporting and Audit - The company reported zero significant deficiencies in financial reporting for the current period[1] - The internal control audit report received a standard unqualified opinion, indicating effective internal controls related to financial statements[2] - The audit opinion for the financial statements is a standard unqualified opinion, issued on April 13, 2023[132] - The company did not experience any changes in accounting policies or significant accounting errors during the reporting period[32] - The domestic accounting firm, Zhongzheng Yatai Certified Public Accountants, has been engaged for three consecutive years, with an audit fee of 1.3 million yuan[34] - The company has not faced any delisting situations following the annual report disclosure[35] - The company has not reported any significant arbitration matters during the reporting period[38] - The company has not made any changes to its accounting firm during the reporting period[34] Social Responsibility and Community Engagement - The company actively engaged in social responsibility initiatives during the pandemic, supplying over 12 million units of essential goods to local governments[17] - The company provided financial assistance to 39 employees in need, totaling 639,000 yuan in 2022[9] - The company received multiple awards for its contributions to pandemic supply efforts, including recognition from the Shenzhen Retail Association[16] - The Chengdu branch received public appreciation from the Chengdu Municipal Bureau of Commerce for its timely distribution of "love packages" during the pandemic, showcasing the company's social responsibility[18] - The Chongqing branch was recognized as an advanced enterprise by the Chongqing Municipal Bureau of Commerce for its efforts in pandemic supply support, highlighting its commitment to social responsibility[18] - The North China branch actively participated in pandemic supply actions and received public thanks from the Tianjin Jinnan District Bureau of Commerce[18] - The Xi'an branch participated in the "Love Assistance for Farmers" initiative, procuring over 100 tons of agricultural products to support local farmers[19] Legal Matters and Litigation - The company faced several lawsuits, with a total amount involved in disputes reaching approximately 2.5 million yuan, including a case with Shenzhen Yanjifushi Co., Ltd. for 524.14 thousand yuan[40] - The company has ongoing litigation with a total claim amount of 1,374.34 thousand yuan related to a rental contract dispute with Xiangtan Jianxin Real Estate Development Co., Ltd.[44] - The company has successfully resolved several lawsuits, including a rental contract dispute with a compensation payment of 395.23 thousand yuan[44] - The company is involved in a lawsuit with Chengdu Renrenle Commercial Co., Ltd. regarding a real estate lease contract, with a total claim amount of 6 million yuan, and the company is not expected to incur any liabilities from this case[47] - In a separate case with Heyuan Changhong Real Estate Co., Ltd., the company has a total claim amount of 7.62 million yuan for the original lawsuit and 7.54 million yuan for the counterclaim, with a judgment requiring the company to pay approximately 2.2 million yuan in rent and penalties[47] - The company has a pending lawsuit with Xi'an Renrenle Supermarket Co., Ltd. involving a claim amount of 6.82 million yuan, which has been ruled in favor of the company in the second instance[50] - Another ongoing case involves a claim of 15.15 million yuan from Shaanxi Province Xingping City Maolin Real Estate Co., Ltd., where the first instance judgment requires the company to pay a total of approximately 11.85 million yuan in various damages[52] - The company is currently appealing a judgment that requires it to pay 8 million yuan to Xi'an Good Times Training School for damages related to a lease contract[53] - The company has reported a total of 2.47 million yuan in claims from Shaanxi Hongying Real Estate Development Co., Ltd., with the first instance ruling requiring the company to pay approximately 4.81 million yuan in damages[53] - The company has a total of 1.73 million yuan in claims against Shaanxi Hongying Real Estate Development Co., Ltd., with the case currently in the first instance and awaiting judgment[54] - The company is involved in a lawsuit with Shenzhen Junyun Clothing Co., Ltd. regarding a sales contract dispute, with a claimed amount of 6.60 million yuan plus interest and litigation fees[56] - The company is also facing a lawsuit from Guangzhou Renrenle Supermarket Co., Ltd. related to a property lease contract, with a claimed amount of 6.94 million yuan plus litigation fees[56] - The company has a trademark infringement case against Ningxia Renrenle Shopping Co., Ltd., with a claimed amount of 36.84 million yuan, and it has formed a provision for this liability[61] - In a property lease dispute with Xianyang Hongda Real Estate Development Co., Ltd., the company is facing a claim of 5.88 million yuan for damages, and it has also formed a provision for this liability[61] Business Operations and Financial Performance - The total revenue for Renrenle in 2022 reached 3.971 billion yuan[138] - Online sales accounted for 400 million yuan, representing 10.06% of total revenue[164] - The company operates 113 stores, all of which are directly operated[159] - The average sales per square meter for the new large supermarket format decreased by 12.54% year-on-year[163] - The overall revenue decline for comparable stores was 11.12% year-on-year[163] - The company closed 4 stores in the South China region during the reporting period[160] - The company’s new retail model "Renrenle Home Delivery" leverages existing store advantages for online sales[164] - The total contracted area for all stores is approximately 1,136,347.06 square meters[158] - The company continues to innovate its business model in response to market demand and consumer upgrades[155] - The company emphasizes the importance of accurate revenue recognition due to the nature of its business operations[138] - In 2022, the company achieved a total revenue of 3.971 billion yuan, a decrease of 22.08% compared to the previous year[179] - The net profit attributable to shareholders was -507 million yuan, an increase of 40.84% year-on-year[179] - The company closed 4 stores during the reporting period, with a total of 113 stores operating across 30 cities in 8 provinces[179] - The top five suppliers contributed 653 million yuan, accounting for 17.06% of total procurement[166] - The company's self-owned logistics costs were 26.8466 million yuan, representing 93.22% of total logistics costs[171] - The company has established 7 logistics centers to support its offline and online operations[171] - The company has significantly increased its online SKU offerings to meet diverse consumer demands[165] - The company has implemented a digital transformation of its stores to enhance online fulfillment efficiency[165] - The company ranked 30th in the "2021 China Supermarket Top 100" list and 77th in the "2021 China Chain Top 100" list[180] - The company is focusing on integrating online and offline operations through the "人人乐到家" platform and enhancing its digital capabilities[181] Shareholder and Ownership Structure - The company announced a share transfer agreement involving 172,854,100 shares, representing 39.2850% of total shares, triggering a mandatory tender offer[90] - The tender offer included 107,282,034 shares, accounting for 24.38% of the total share capital, at a price of 5.88 CNY per share, from January 13, 2023, to February 13, 2023[90] - Only 50,000 shares, or 0.0114% of total shares, were accepted during the tender offer period[90] - The total number of shares outstanding is 440,000,000, with 373,175,000 shares (84.81%) being unrestricted[96] - The largest shareholders include Shenzhen Haoming Investment Holding Group Co., Ltd. with 22.86% and Xi'an Qujiang Cultural Industry Investment Group Co., Ltd. with 21.15%[101] - The company has 47,964 total common shareholders, down from 56,506 at the end of the previous month[101] - The company reported a significant concentration of ownership, with the top five shareholders holding over 95% of the shares[101] - The company is currently undergoing further share transfer processes following the tender offer[90] - The report indicates no significant changes in the company's financial structure or major contracts during the reporting period[101] - The company has not disclosed any new product developments or market expansion strategies in the recent report[101] - Haoming Group holds 100,579,100 shares, accounting for 22.86% of the total share capital of the listed company[106] - The top 10 shareholders include Xi'an Qujiang Cultural Industry Investment Group with 93,038,866 shares, and Shenzhen Renrenle Consulting Service Co., Ltd. with 26,400,000 shares[106] - The controlling shareholder, Xi'an Qujiang Cultural Industry Investment Group, has pledged 80 million RMB worth of shares, representing 80% of its holdings[120] - The company has not conducted any repurchase transactions during the reporting period[107] Corporate Governance and Compliance - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company maintains its commitment to independence and non-competition as per the promises made by its controlling shareholder, Xi'an Qujiang Cultural Industry Investment Group[23] - The controlling shareholder has committed to not engaging in any business that competes with the listed company during the period of holding shares[23] - There were no violations regarding external guarantees during the reporting period[31] - The company reported no significant penalties or rectifications during the reporting period[67] - There were no major related party transactions during the reporting period[68] - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[69] - The company has no significant guarantees or entrusted cash asset management situations during the reporting period[80][84] - The actual controller of the company is the Xi'an Qujiang New District Management Committee, which has not changed during the reporting period[111] - The company reported no preferred shares during the reporting period[126] - The company has not experienced any changes in its controlling shareholder during the reporting period[110] - The company continues to fulfill its commitments made to ensure operational independence and protect shareholder rights[23] Future Outlook and Strategic Planning - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[189] - The report includes forward-looking statements regarding future plans, which do not constitute a substantive commitment to investors[188] - The management discussion section outlines potential risks the company may face in future operations[188]

人人乐连锁商业集团股份有限公司关于召开 2022 年度网上业绩说明会的公告 证券代码：002336 证券简称：人人乐 公告编号：2023-029 人人乐连锁商业集团股份有限公司 关于召开2022年度网上业绩说明会的公告 人人乐连锁商业集团股份有限公司关于召开 2022 年度网上业绩说明会的公告 投资者依据提示，授权登入"人人乐投资者关系"小程序，即可参与交流。 敬请广大投资者积极参与。 特此公告。 人人乐连锁商业集团股份有限公司（以下简称"公司"）于2023年4月15日 在巨潮资讯网（http://www.cninfo.com.cn/）上披露了《2022年度报告》及《2022 年度报告摘要》。 为便于广大投资者进一步了解公司2022年年度经营情况，公司将于2023年5 月10日（星期三）下午15:00至17:00时在"人人乐投资者关系"小程序上举行2022 年度报告网上业绩说明会。出席本次网上说明会的人员有：公司董事长何浩先生； 副总裁兼董事会秘书蔡慧明先生；副总裁兼财务总监石勇先生；独立董事张宝柱 先生。 本次网上业绩说明会将采用网络远程的方式举行，投资者可登陆"人人乐投 资者关系"小程序参与互动交流。为广 ...

Financial Performance - The company's operating revenue for 2019 was CNY 7,600,623,601.79, representing a decrease of 6.52% compared to CNY 8,130,921,066.37 in 2018[16]. - The net profit attributable to shareholders in 2019 was CNY 38,044,827.39, a significant increase of 110.72% from a loss of CNY 354,974,213.68 in 2018[16]. - The net cash flow from operating activities improved by 55.52%, reaching CNY -100,486,358.94 in 2019 compared to CNY -225,911,405.07 in 2018[16]. - The basic earnings per share for 2019 was CNY 0.0865, a turnaround from a loss of CNY 0.8068 in 2018[16]. - Total assets at the end of 2019 amounted to CNY 4,748,156,735.42, reflecting a 1.72% increase from CNY 4,667,963,887.27 at the end of 2018[16]. - The net assets attributable to shareholders increased by 2.57% to CNY 1,449,694,171.01 at the end of 2019, up from CNY 1,413,414,719.68 in 2018[16]. - The weighted average return on equity for 2019 was 2.66%, a significant recovery from -22.31% in 2018[16]. Revenue and Sales - The company experienced a quarterly revenue of CNY 2,240,635,330.87 in Q1 2019, with a total of CNY 1,744,639,717.29 in Q4 2019[20]. - The company achieved operating revenue of CNY 760,062.36 million, a decrease of 6.52% compared to the previous year[32]. - The main business revenue from retail was approximately ¥6.81 billion, accounting for 89.58% of total revenue, down 6.55% from ¥7.29 billion in 2018[63]. - Revenue from food products was approximately ¥2.92 billion, representing 38.42% of main business revenue, a decline of 2.92% from ¥3.01 billion in 2018[63]. - Revenue from fresh products was approximately ¥1.78 billion, accounting for 23.42% of main business revenue, down 1.78% from ¥1.81 billion in 2018[63]. - The company reported a total of 118 comparable stores with an average sales per square meter of RMB 942.18, reflecting an 8.50% decline in sales year-over-year[57]. - The South China region accounted for approximately ¥2.57 billion in revenue, down 10.74% year-over-year, with a gross margin of 15.48%[66]. Store Operations - As of December 31, 2019, the company operated 144 physical stores across 30 cities in 8 provinces and municipalities[32]. - The company opened 11 new stores during the year, bringing the total number of stores to 144 across four major regions[41]. - The company has a total of 144 stores, all of which are directly operated, with a total contracted area of 1,528,216.72 square meters[52]. - During the reporting period, the company opened 11 new stores and closed 5 stores, resulting in a net increase of 6 stores[56]. - The company has closed a total of 27 fundraising project stores, including 21 from the fundraising and 6 from the excess fundraising projects[93]. Investment and Expansion - The company plans to enhance its operational capabilities and expand its online business as part of its overall strategy[31]. - The company plans to invest ¥14.46 million in the Chengdu distribution center project, which will cover an area of 41,841.67 m²[60]. - The company plans to open 15 new stores in 2020, including new formats such as Le supermarket, Le super, and Le life[123]. - The company has invested RMB 4,686.18 million in expanding new store formats such as Le super and Le life, with remaining funds used for permanent working capital[93]. - The company plans to invest approximately CNY 79.81 million in the construction of a temperature-controlled warehouse (Warehouse 1) at the Xi'an distribution center[94]. Financial Management - The company reported a significant reduction in sales expenses by 5.72% to approximately ¥1.58 billion, attributed to management reforms and cost control measures[75]. - Management expenses decreased by 16.62% to approximately ¥372 million, also due to enhanced cost management[75]. - The company’s cash flow management remains stable, with no significant changes reported in cash flow activities[76]. - The net cash flow from investment activities increased by 119.34% year-on-year, mainly due to receiving 179.80 million yuan from the transfer of subsidiary equity and reduced expenditures on fixed assets[77]. - The net cash flow from financing activities rose by 63.88% year-on-year, primarily from short-term bank loans amounting to 270.73 million yuan obtained during the reporting period[77]. Shareholder and Ownership Changes - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The controlling shareholder changed from Shenzhen Haoming Investment Co., Ltd. to Xi'an Qujiang Cultural Industry Investment (Group) Co., Ltd. after a share transfer of 88,000,000 shares, representing 20.00% of the total share capital[190]. - The total number of shares increased from 400,000,000 to 440,000,000 due to a capital reserve conversion plan, with a distribution of 1 new share for every 10 shares held[184]. - The actual controller of the company changed to Xi'an Qujiang New District Management Committee on November 7, 2019[197]. - The company’s major business includes cultural and tourism facilities, real estate, and project investment[195]. Legal and Compliance Matters - The company is involved in a major lawsuit with an estimated amount of 275.88 million yuan, which has been settled[145]. - The company has faced no bankruptcy reorganization matters during the reporting period[143]. - The company has not reported any other uses of raised funds during the reporting period[105]. - The company has not experienced significant changes in the feasibility of its revised projects during the reporting period[114]. - The company has not engaged in any mergers or acquisitions during the reporting period[134]. Social Responsibility and Community Engagement - The company emphasizes social responsibility, focusing on employee rights protection and maintaining a good relationship with suppliers and customers[173]. - In 2019, the company provided financial assistance totaling CNY 573,900 to 41 individuals through its "Love Fund" initiative[175]. - The company has implemented measures to enhance product quality and optimize the supply chain, contributing to customer trust and business growth[174].

Financial Performance - Operating revenue for the current period was CNY 1,981,779,161.48, a decrease of 4.82% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 11,592,367.61, a decline of 91.98% compared to the same period last year[8] - Basic earnings per share were CNY -0.0290, a decrease of 91.97% year-on-year[8] - The weighted average return on equity was -0.69%, down from 6.19% in the previous year[8] - Total operating revenue for Q3 2018 was ¥1,981,779,161.48, a decrease of 4.86% compared to ¥2,082,174,131.05 in Q3 2017[40] - Net profit for Q3 2018 was a loss of ¥11,757,919.84, an improvement from a loss of ¥144,473,539.69 in the same period last year[40] - The company reported an operating profit of -¥19,614,915.33, significantly better than the previous year's loss of -¥145,552,865.96[40] - Total operating revenue for the first nine months was ¥6,251,077,969.51, a decrease of 8.8% compared to ¥6,854,706,676.61 in the previous period[44] - Net profit for the period was ¥12,689,357.47, a significant recovery from a net loss of ¥279,222,178.14 in the same period last year[44] - Operating profit turned positive at ¥31,490,759.38 compared to an operating loss of ¥209,210,265.76 in the previous year[44] Asset and Liability Changes - Total assets decreased by 7.75% to CNY 4,841,327,029.44 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 10.33% to CNY 1,585,636,779.08 compared to the end of the previous year[8] - Total liabilities decreased from CNY 3,479,323,783.97 at the beginning of the period to CNY 3,253,215,205.50 at the end, a reduction of approximately 6.5%[33] - Current liabilities totaled CNY 3,153,916,558.76, down from CNY 3,371,895,321.98, indicating a decrease of about 6.5%[33] - Total assets decreased slightly from CNY 4,532,113,490.49 to CNY 4,510,058,070.45, a decline of approximately 0.5%[35] - Cash and cash equivalents dropped from CNY 434,499,028.87 to CNY 306,595,971.71, representing a decrease of around 29.5%[35] - Total equity increased from CNY 3,141,489,852.76 to CNY 3,781,460,149.01, reflecting an increase of approximately 20.4%[38] - Inventory decreased from CNY 40,196,360.22 to CNY 36,494,344.79, a reduction of about 9.0%[35] - Other receivables increased from CNY 2,975,135,671.08 to CNY 3,162,058,718.87, showing an increase of approximately 6.3%[35] Cash Flow Analysis - Net cash flow from operating activities decreased by 59.01% to CNY 99,965,241.33[8] - Cash flow from operating activities decreased by 142.12% to -¥92,663,289.89 primarily due to a decline in operating revenue[16] - The net cash flow from operating activities for the first nine months was -92,663,289.89 CNY, a decrease from 219,998,212.13 CNY in the same period last year[48] - Total cash inflow from operating activities was 7,059,021,292.22 CNY, down 9.1% from 7,768,588,231.52 CNY year-on-year[48] - Cash outflow from operating activities totaled 7,151,684,582.11 CNY, a decrease of 5.3% compared to 7,548,590,019.39 CNY in the previous year[48] - The net cash flow from investing activities was -201,150,997.41 CNY, an improvement from -580,216,394.18 CNY year-on-year[48] - The ending cash and cash equivalents balance was 550,394,534.58 CNY, down from 864,033,827.40 CNY in the previous year[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,208[11] - The largest shareholder, Shenzhen Haoming Investment Management Co., Ltd., held 48.22% of the shares, amounting to 192,890,091 shares[11] Other Income and Expenses - Non-operating income included government subsidies totaling CNY 4,234,025.97, primarily from various local government support programs[8] - Investment income rose by 30.20% to ¥24,074,608.43 mainly from increased gains from the transfer of subsidiary equity[16] - The company incurred financial expenses of ¥4,553,874.96, compared to ¥3,108,016.01 in the previous year[40] - Sales expenses decreased to ¥417,225,001.24 from ¥444,542,334.91, indicating a reduction of 6.14%[40] - The company achieved an investment income of ¥24,074,608.43, up from ¥18,489,892.20 year-on-year[44] - Sales expenses decreased to ¥1,253,910,018.04 from ¥1,334,798,491.53, indicating a cost control effort[44]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 4.27 billion, a decrease of 10.54% compared to the same period last year[17]. - The net profit attributable to shareholders was CNY 24.46 million, a significant increase of 118.15% year-on-year, recovering from a loss of CNY 134.75 million in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 7.64 million, up 109.09% from a loss of CNY 84.06 million in the same period last year[17]. - The company's total revenue for the first half of 2018 was approximately CNY 4.27 billion, a decrease of 10.54% compared to CNY 4.77 billion in the same period last year[50]. - The gross profit margin improved, with operating costs decreasing by 14.14% to CNY 3.17 billion from CNY 3.70 billion[50]. - The company reported a significant investment income of CNY 924,165,487.21 for the first half of 2018, compared to CNY 4,167,236.66 in the same period last year, marking a substantial increase[146]. - The total comprehensive income for the first half of 2018 was CNY 751,588,273.32, a notable recovery from a loss of CNY 37,799,388.14 in the previous year[146]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of CNY 192.63 million, worsening by 706.68% compared to the previous year[17]. - The total assets at the end of the reporting period were approximately CNY 4.81 billion, down 8.25% from the end of the previous year[17]. - The company's cash and cash equivalents decreased to CNY 377,922,549.73, down 1.26% from the previous year, primarily due to investments in stocks[59]. - The company's current assets totaled CNY 2,142,839,368.97, down from CNY 2,829,279,856.32, indicating a decrease of about 24.3%[136]. - The company's inventory decreased from CNY 1,237,632,180.98 to CNY 1,166,233,232.66, reflecting a reduction of approximately 5.76%[136]. - The company reported a cash balance of CNY 377,922,549.73, significantly lower than CNY 768,173,450.98 at the beginning of the period, a decrease of approximately 50.9%[136]. Store Operations and Expansion - As of June 30, 2018, the company operated 131 self-operated stores, with 6 new stores opened in the first half of 2018[25]. - The company plans to terminate unimplemented parts of the Xi'an and Tianjin distribution center projects, reallocating CNY 10,783.35 million to expand new store formats like Le super and Le life[33]. - The number of Le life stores increased to 16, up by 13 stores compared to the previous year[38]. - The company has a total contracted area of 1,501,577 square meters across its 131 stores[36]. Legal Matters - Chengdu Renrenle has a lawsuit involving a property worth CNY 31.46 million, with a claim for a deposit refund of CNY 3.54 million, awaiting a second-instance hearing[93]. - Changsha Renrenle is involved in a lawsuit with a claim amount of CNY 13.74 million, with a court ruling confirming a rental contract termination and compensation claims pending[93]. - The company is actively pursuing the collection of outstanding amounts from various lawsuits, with significant amounts still pending[96]. - The company is involved in multiple ongoing legal disputes, indicating a complex legal landscape affecting its operations[96]. - The company has incurred legal costs of CNY 26,900 for the first-instance case against Nanchong Xinyu, which will be borne by Chengdu Renrenle[96]. Shareholder and Equity Information - The total number of shares is 400,000,000, with 60,750,000 shares (15.19%) under limited sale conditions[118]. - The largest shareholder, Shenzhen Haoming Investment Management, holds 48.22% of the shares, totaling 192,890,091[120]. - The shareholder structure indicates a concentration of ownership, with the top two shareholders holding over 68% of the total shares[120]. - The total equity of the company at the end of the reporting period is approximately RMB 3.14 billion, down from RMB 3.26 billion at the beginning of the period, reflecting a decrease of about 3.56%[160]. Strategic Focus and Challenges - The company is experiencing continuous growth in operational costs due to rising expenses in rent, labor, utilities, and promotions, which puts pressure on overall performance[79]. - The company plans to strengthen cost control measures to enhance employee productivity and reduce expense ratios[79]. - The company is focusing on transforming its retail model by integrating online and offline channels and enhancing supply chain capabilities to improve competitiveness[79]. - The company faces market expansion risks when opening new stores and entering new regions, which may lead to prolonged market cultivation periods and operational losses[79]. Compliance and Reporting - The company's half-year financial report was not audited, indicating a lack of external validation for the reported figures[84]. - There are no significant penalties or corrective actions reported during the reporting period, suggesting stable compliance[103]. - The financial report was approved by the board of directors on August 20, 2018, ensuring compliance with regulatory requirements[162]. - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of the company's financial status and operating results[166].