Financial Performance - The company's operating revenue for the first half of 2021 was CNY 312,047,263.94, representing a 17.20% increase compared to CNY 266,245,131.15 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 59,179,908.41, a 40.34% increase from CNY 42,170,279.44 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,195,559.34, up 59.86% from CNY 30,775,069.21 in the previous year[21]. - Basic earnings per share increased to CNY 0.14, up 40.00% from CNY 0.10 in the previous year[21]. - The company achieved operating revenue of 312.05 million yuan, an increase of 17.20% year-on-year[31]. - The net profit attributable to shareholders was 59.18 million yuan, up 40.34% compared to the same period last year[31]. - The company reported a total of 9.98 million yuan in non-recurring gains and losses, after tax impacts[31]. - The company reported a total comprehensive income of CNY 46,893,790.03 for the current period, which includes a net profit of CNY 41,908,531.50[158]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 49,284,346.66, a significant increase of 412.89% compared to a negative cash flow of CNY 15,751,579.50 in the same period last year[21]. - The company's operating cash flow for the first half of 2021 was ¥49,284,346.66, a significant improvement compared to a negative cash flow of ¥15,751,579.50 in the same period of 2020, indicating a turnaround in operational efficiency[145]. - The ending cash and cash equivalents balance for the first half of 2021 was ¥858,633,033.78, compared to ¥764,885,117.82 at the end of the first half of 2020, representing an increase of approximately 12.3%[147]. - The company generated ¥920,322,888.13 in cash from sales of goods and services, an increase of 32% from ¥697,971,521.99 in the first half of 2020[145]. - The company paid ¥54,712,392.00 in dividends and interest, a significant decrease from ¥158,434,440.00 in the first half of 2020, reflecting a strategic shift in capital allocation[147]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,807,508,170.17, reflecting a 6.34% increase from CNY 2,640,224,396.24 at the end of the previous year[21]. - The total liabilities increased to CNY 544,401,753.47 from CNY 386,342,316.06, reflecting an increase of approximately 41%[130]. - The company's cash and cash equivalents decreased to ¥864,193,775.02, accounting for 30.78% of total assets, down from 33.61% last year[64]. - Current liabilities decreased to CNY 299,425,523.55 from CNY 346,199,599.81, a reduction of about 13.5%[130]. - Non-current liabilities rose significantly to CNY 244,976,229.92 from CNY 40,142,716.25, indicating an increase of approximately 510.5%[130]. Market and Competition - The company acknowledges risks such as declining consumer demand, rising operating costs, and intensified market competition[5]. - The company faces risks from declining consumer demand due to complex international conditions and recurring domestic pandemic issues, leading to slow recovery in retail traffic and demand[73]. - Increased market competition from changing consumer behaviors and excessive commercial real estate development challenges the company's market share and profitability[75]. Strategic Initiatives - The company plans to maintain a focus on sales, cost control, and profit protection in the second half of the year amid ongoing economic uncertainties[36]. - The company plans to enhance shopping environments through various renovation projects, including the completion of upgrades at the Huijin Xuhui store and the initiation of the second phase of public area renovations at the Huijin South Station store[37]. - The company has implemented a "broad discount, full points" marketing strategy to increase member sales, with a focus on activating dormant members through data analysis[38]. - The company aims to enhance the shopping environment and improve product and service quality to increase experiential consumption[75]. Risks and Challenges - The company acknowledges risks such as declining consumer demand, rising operating costs, and intensified market competition[5]. - Rising operational costs in the retail sector, including labor, leasing, renovation, and logistics, pose a risk to the company's profitability[73]. - The company plans to strengthen internal controls and improve processes to manage rising operational costs effectively[74]. Shareholder Information - The company has a total of 415,763,000 shares, with 3,478,478 shares (0.84%) being subject to restrictions and 412,284,522 shares (99.16%) being unrestricted[112]. - The largest shareholder, Shanghai Xu Jia Hui Mall (Group) Co., Ltd., holds 30.37% of the shares, totaling 126,274,555 shares[116]. - The second largest shareholder, Shanghai Commercial Investment Holdings Co., Ltd., holds 7.99% of the shares, totaling 33,230,146 shares[116]. Operational Developments - The company launched five new stores in the first half of the year, enhancing its market presence[34]. - The company developed a digital RMB interface, becoming one of the first physical stores in Shanghai to adopt it[34]. - The company actively participated in promotional events, leading to a significant increase in customer traffic and sales[31]. - The company’s self-operated brand, TONYWEAR, continues to expand in the Yangtze River Delta region, optimizing existing stores based on performance[39]. Compliance and Governance - The financial report for the first half of 2021 has not been audited[126]. - The company’s financial statements comply with the requirements of enterprise accounting standards, reflecting its financial status accurately[176]. - The company has not reported any significant changes in profit composition or sources during the reporting period[57].

Financial Performance - The company's revenue for Q1 2021 was ¥168,893,919.66, representing a 35.75% increase compared to ¥124,416,295.75 in the same period last year[9] - Net profit attributable to shareholders was ¥36,935,060.69, a significant increase of 245.99% from ¥10,675,300.88 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥31,170,586.12, up 295.51% from ¥7,881,196.51 in the previous year[9] - Basic and diluted earnings per share both increased to ¥0.09, a 200% rise from ¥0.03 in the previous year[9] - Net profit for the current period was ¥40,011,271.03, representing a significant increase of 211.14% from ¥12,859,631.90 in the previous period, driven by higher total profit[21] - The company reported an operating profit of ¥52,810,950.78, which is a 192.3% increase from ¥18,101,634.88 in the prior period[45] - The total profit for the current period was ¥53,204,904.04, compared to ¥18,425,993.44 in the previous period, reflecting a growth of 189.5%[46] - The company’s total comprehensive income for the current period was ¥40,220,229.47, significantly higher than ¥12,584,686.59 in the previous period, indicating a growth of 219.5%[46] Cash Flow - The net cash flow from operating activities was ¥42,608,785.40, a turnaround from a negative cash flow of ¥102,508,562.38 in the same period last year, marking a 141.57% improvement[9] - The cash flow from operating activities showed a net inflow of ¥42,608,785.40, a 141.57% improvement compared to a net outflow of ¥102,508,562.38 in the previous period[23] - The company’s cash flow from operating activities was positively impacted by a decrease in payments to employees, which totaled CNY 30,699,318.01, compared to CNY 28,733,209.15 in Q1 2020[52] - Total cash inflow from operating activities reached CNY 509,327,701.24, up from CNY 347,447,698.57 in Q1 2020, reflecting a year-over-year increase of approximately 46.5%[52] - The company reported a net increase in cash and cash equivalents of CNY 88,687,765.26 for the quarter, compared to a decrease of CNY -33,414,063.25 in Q1 2020[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,866,848,278.66, an 8.58% increase from ¥2,640,224,396.24 at the end of the previous year[9] - Total assets increased to CNY 2,866,848,278.66 as of March 31, 2021, up from CNY 2,640,224,396.24 at the end of 2020, representing a growth of approximately 8.6%[36] - Non-current assets totaled CNY 1,101,575,114.53, an increase from CNY 896,231,026.13, reflecting a growth of about 23%[36] - Current liabilities decreased to CNY 330,654,970.90 from CNY 346,199,599.81, a reduction of approximately 4.5%[37] - Total liabilities rose to CNY 572,745,969.01, compared to CNY 386,342,316.06, indicating an increase of around 48.4%[37] - Owner's equity increased to CNY 2,294,102,309.65 from CNY 2,253,882,080.18, showing a growth of about 1.8%[38] Income and Expenses - Total operating costs amounted to ¥123,228,861.06, up 12.6% from ¥109,433,135.93 in the prior period[45] - The company recorded a tax expense of ¥13,193,633.01, which is more than double the ¥5,566,361.54 from the previous period[46] - The company’s financial expenses decreased by 58.28%, amounting to -¥1,647,500.05, compared to -¥3,948,832.68 in the previous period, due to the implementation of new leasing standards[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,058, with the largest shareholder holding 30.37% of the shares[13] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[14] Other Financial Metrics - The weighted average return on equity rose to 1.65%, an increase of 1.19 percentage points from 0.46%[9] - The company reported a significant increase in trading financial assets, reaching ¥72,197,457.53, a 100% increase due to holding floating income financial products[18] - The company recorded a 136.91% increase in other income, totaling ¥1,103,713.42, compared to ¥465,876.09 in the previous period, attributed to higher government subsidies received[20] - The company reported a 99.80% increase in investment income, amounting to ¥5,995,735.92, up from ¥3,000,798.76 in the previous period, due to higher returns from financial products[20]

Financial Performance - The company's operating revenue for 2020 was ¥588,971,621.56, a decrease of 69.46% compared to ¥1,928,654,086.53 in 2019[14] - The net profit attributable to shareholders for 2020 was ¥75,394,955.53, down 64.60% from ¥212,964,793.25 in 2019[14] - The net cash flow from operating activities was ¥113,733,934.29, a decline of 49.60% compared to ¥225,684,023.12 in the previous year[14] - Basic earnings per share for 2020 were ¥0.18, a decrease of 64.71% from ¥0.51 in 2019[14] - Total assets at the end of 2020 were ¥2,640,224,396.24, down 4.33% from ¥2,759,850,646.14 at the end of 2019[14] - The net assets attributable to shareholders decreased by 3.26% to ¥2,218,025,199.27 at the end of 2020 from ¥2,292,667,851.55 at the end of 2019[14] - The weighted average return on net assets for 2020 was 3.36%, down from 9.47% in 2019, indicating a significant decline in profitability[14] Dividend Distribution - The company plans to distribute a cash dividend of ¥1.20 per 10 shares, based on a total share capital of 415,763,000 shares as of December 31, 2020[4] - In 2020, the company distributed a cash dividend of 1.20 RMB per 10 shares, totaling 49,891,560.00 RMB, based on a total share capital of 415,763,000 shares[110] - The cash dividend for 2019 was 3.60 RMB per 10 shares, amounting to 149,674,680.00 RMB, which represented 70.28% of the net profit attributable to ordinary shareholders[108] - The company reported a total distributable profit of 723,863,407.06 RMB for the year 2020, with the cash dividend accounting for 100% of the profit distribution[109] - The cash dividends for 2018 and 2019 were both 149,674,680.00 RMB, representing 64.71% and 70.28% of the respective net profits attributable to ordinary shareholders[108] - As of December 31, 2020, the remaining undistributed profits after the dividend distribution amounted to 673,971,847.06 RMB, to be carried forward to future years[110] - The company did not propose any cash dividend distribution plan for the reporting period despite having positive distributable profits[108] Market Position and Strategy - The company maintained a strong market position in Shanghai, with significant brand recognition and a high market share in the retail sector[23] - The retail environment showed a recovery post-pandemic, with consumer demand significantly rebounding from May onwards, particularly in luxury and imported goods[25] - The company is focusing on digital transformation and enhancing its online-offline integration to adapt to changing consumer behaviors[26] - The company is actively exploring new business growth points, including the development of self-owned brands and retail technology[24] - The company aims to enhance its digital transformation to meet changing consumer demands and improve operational efficiency[87] - The company plans to optimize its brand structure and product categories to adapt to the evolving retail landscape[87] - The company aims to enhance its core competitive capabilities by implementing an innovation-driven development strategy, focusing on high-quality growth in various aspects including "form, business type, culture, and ecology" with a strategic goal of "3+1+X"[88] Operational Efficiency and Challenges - The company has acknowledged risks such as declining consumer demand and rising operational costs, which may impact future performance[4] - The company faces risks from declining consumer demand due to external challenges and the pandemic, which may lead to reduced sales performance[95] - Rising operational costs in the retail sector pose a risk to the company's profitability, which the company plans to mitigate through improved internal controls and efficiency[97] - The company has implemented measures to support tenants and suppliers during the pandemic, including rent reductions and adjustments to business conditions[137] Business Development and Innovation - The company launched the TONYWEAR self-operated brand, focusing on optimizing store structure and expanding into external markets, particularly in the Yangtze River Delta region[41] - The E-MEC digital application solution gained recognition, and the company was awarded the "Best Practice Case in Retail Digitalization" by the China Chain Store & Franchise Association[40] - The company is committed to advancing its "retail technology" innovation strategy, focusing on digital transformation and establishing a systematic data analysis decision-making system[92] - The company plans to optimize its self-operated brand TONYWEAR by refining existing store operations and expanding into the Yangtze River Delta region[93] Human Resources and Management - The company employed a total of 876 staff, with 497 in sales, 47 in technical roles, and 32 in finance[186] - The company has implemented a salary system linked to annual performance indicators and assessments for senior management[180] - The company has a talent incentive system in place to retain and develop employees based on performance and market standards[187] - The company has enhanced employee training efforts, focusing on service skills and legal awareness, with specific training programs for frontline staff[188] - The management team has diverse backgrounds, with experience in finance, investment, and retail management, which is expected to drive the company's growth strategy[175] Governance and Compliance - The company maintained compliance with all commitments made by its controlling shareholders and related parties during the reporting period[112] - The audit committee held 8 meetings during the reporting period, reviewing key financial reports and internal control recommendations, and proposed the reappointment of the auditing firm for 2020[199] - The company governance structure aligns with regulatory requirements, with no unresolved governance issues reported[191] - The independent directors did not raise any objections to company matters during the reporting period, indicating a consensus on governance practices[195] Community Engagement and Social Responsibility - The company actively participated in poverty alleviation projects, purchasing 1.6728 million CNY worth of agricultural products from 101 counties[138] - The company donated 100,000 CNY to support poverty alleviation efforts in Yunnan province, enhancing its community engagement[138] - The company has committed to further developing rural revitalization projects and enhancing the sales channels for local agricultural products[143] - The company has engaged in community service activities, including organizing voluntary blood donations and participating in local volunteer initiatives[137]

上海徐家汇商城股份有限公司 2020 年第三季度报告 2020 年 10 月 上海徐家汇商城股份有限公司 2020 年第三季度报告全文 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。 公司负责人黄立波、主管会计工作负责人庞维聆及会计机构负责人(会计主 管人员)季东声明：保证季度报告中财务报表的真实、准确、完整。 2 上海徐家汇商城股份有限公司 2020 年第三季度报告全文 | | 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） | 2,608,982,192.92 | 2,759,850,646.14 | | -5.47% | | 归属于上市公司股东的净资产（元） | 2,209,188,637.88 | 2,292,667,851.55 | | -3.64% | | | 本报告期 | 本报告期比上年同期 增减 | 年初至报告期末 | 年初至报告 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥388,880,135.07, a decrease of 61.05% compared to ¥998,464,405.70 in the same period last year[15]. - The net profit attributable to shareholders was ¥42,170,279.44, down 63.01% from ¥114,017,122.34 year-on-year[15]. - The net cash flow from operating activities was negative at -¥15,751,579.50, a decline of 119.34% compared to ¥81,444,260.55 in the previous year[15]. - Basic and diluted earnings per share were both ¥0.10, representing a decrease of 62.96% from ¥0.27 in the same period last year[15]. - The company reported a total of ¥11,395,210.23 in non-recurring gains and losses during the reporting period[19]. - The company reported a sales revenue of 62,221.17 million with a decrease of 37.31% compared to the previous period[54]. - The company reported a cumulative net profit estimate of CNY 5,340.74 million for the period from the beginning of the year to the end of the next reporting period, representing a decrease of 50% compared to the previous year[81]. - The basic earnings per share are expected to be CNY 0.13, down 50% from CNY 0.37 in the same period last year[81]. - The company anticipates a significant decline in performance due to the impact of the COVID-19 pandemic, with a projected net profit drop of over 50% compared to the previous year[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,580,058,057.46, down 6.51% from ¥2,759,850,646.14 at the end of the previous year[15]. - The net assets attributable to shareholders decreased by 4.70% to ¥2,184,901,703.05 from ¥2,292,667,851.55 at the end of the previous year[15]. - The company's total liabilities were CNY 355,239,281.32, down from CNY 423,491,220.03, reflecting a reduction of approximately 16.1%[142]. - The company's equity attributable to shareholders was CNY 2,184,901,703.05, a decrease from CNY 2,292,667,851.55, representing a decline of about 4.7%[143]. - The company's current assets totaled CNY 1,630,470,748.37, down from CNY 1,792,980,527.60 at the end of 2019, indicating a decrease of about 9.1%[141]. Operational Strategies - The company actively responded to the pandemic by implementing rent reductions and management fee waivers for suppliers, aiming to stabilize the supplier base[34]. - The company enhanced its marketing strategies by exploring community marketing and live streaming sales to boost online performance[37]. - The company participated in the "Five Five Shopping Festival" to effectively promote consumer traffic and sales recovery[37]. - The company emphasized digital transformation and integrated online and offline operations to adapt to changing consumer behaviors[32]. - The company plans to continue digital operations and improve the efficiency of its business processes, including the development of an electronic membership system and big data analysis tools[44]. Market Conditions - Online consumption maintained growth, with a year-on-year increase of 7.3%, while physical retail saw a decline of 17.7%[32]. - The occupancy rate of existing commercial real estate projects significantly increased, while rental levels continued to be under pressure[24]. - The company faces risks related to declining consumer demand, rising operational costs, and intensified market competition[82][84][85]. Shareholder Information - The total number of shares is 415,763,000, with 4.48% being limited shares and 95.52% being unrestricted shares[118]. - The largest shareholder, Shanghai Xujiahui Mall (Group) Co., Ltd., holds 30.37% of the shares, totaling 126,274,555 ordinary shares[122]. - The second-largest shareholder, Shanghai Shantou Industrial Investment Holding Co., Ltd., holds 7.99% of the shares, totaling 33,230,146 ordinary shares[122]. - The total number of ordinary shareholders at the end of the reporting period is 26,204[122]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company distributed dividends totaling 149,674,680.00 CNY, consistent with the previous year's distribution, indicating stable dividend policy[163]. Risk Management - The company faced no significant risks that could materially affect its operations during the reporting period[4]. - The company plans to conduct a city renewal project in Shanghai, which may face risks related to policy changes and project approvals[86]. - There were no major related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[102][97]. Compliance and Governance - The half-year financial report has not been audited[91]. - The company’s financial statements comply with the requirements of enterprise accounting standards, accurately reflecting its financial status and operating results[190]. - The company has a total of 11 subsidiaries included in the consolidated financial statements for the reporting period[186].

Revenue and Profit - Revenue for Q1 2020 was ¥287,919,955.72, a decrease of 48.02% compared to ¥553,870,565.77 in the same period last year[7] - Net profit attributable to shareholders was ¥10,675,300.88, down 84.23% from ¥67,712,345.04 year-on-year[7] - Net profit fell by 82.10% to ¥12,859,631.90, attributed to the decline in operating income[30] - The company expects net profit for the first half of 2020 to decline by 50% to 85% compared to the same period in 2019[38] - Earnings per share for Q1 2020 was CNY 0.03, compared to CNY 0.16 in the same quarter last year[59] Cash Flow - Net cash flow from operating activities was -¥102,508,562.38, a decline of 358.18% compared to ¥39,704,920.14 in the previous year[7] - Cash received from sales decreased by 47.17% to ¥339,972,485.92, reflecting the drop in operating revenue[34] - The total cash inflow from operating activities was CNY 347,447,698.57, a decrease of 46.5% compared to CNY 650,886,684.13 in the previous period[65] - The net cash outflow from operating activities was CNY -102,508,562.38, compared to a net inflow of CNY 39,704,920.14 in the previous period[66] - The total cash inflow from the company's main operations was CNY 55,706,421.99, down from CNY 127,746,751.91 in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,654,639,016.29, a decrease of 3.81% from ¥2,759,850,646.14 at the end of the previous year[7] - Total liabilities decreased from CNY 423,491,220.03 to CNY 305,694,903.59, a reduction of about 27.87%[50] - Current liabilities decreased from CNY 369,618,921.07 to CNY 264,603,796.22, a decline of approximately 28.43%[50] - Total equity increased from CNY 2,336,359,426.11 to CNY 2,348,944,112.70, an increase of approximately 0.54%[51] - Total current assets were CNY 1,207,625,474.08, while total non-current assets were CNY 1,151,001,400.47, leading to total assets of CNY 2,358,626,874.55[75] Inventory and Prepayments - Inventory increased by 46.58% to ¥28,011,752.19 compared to ¥19,110,504.55 at the beginning of the period[19] - Prepayments decreased by 73.16% to ¥2,462,323.64 from ¥9,172,920.32 at the beginning of the period[19] Operating Costs and Expenses - Operating costs decreased by 46.45% to ¥211,371,981.29, primarily due to a reduction in department store retail costs[23] - Tax expenses decreased by 76.71% to ¥5,566,361.54, resulting from a decline in taxable income[29] - Investment income decreased by 64.99% to ¥3,000,798.76, mainly due to reduced returns from financial products[25] Shareholder Information - The company reported a total of 27,530 common shareholders at the end of the reporting period[11] Other Financial Metrics - Other comprehensive income after tax decreased by 305.70%, primarily due to changes in the fair value of other equity instruments[32] - The company recorded investment income of CNY 3,000,798.76 in Q1 2020, down from CNY 8,571,309.95 in the same period last year[57] - The company executed new revenue standards starting January 1, 2020, impacting various financial statement items[76] - The first quarter report was not audited, which may affect the reliability of the financial data presented[77]

Financial Performance - The company's operating revenue for 2019 was CNY 1,928,654,086.53, representing a decrease of 6.80% compared to CNY 2,069,352,620.79 in 2018[14] - The net profit attributable to shareholders for 2019 was CNY 212,964,793.25, down 7.92% from CNY 231,287,357.35 in the previous year[14] - The basic earnings per share for 2019 was CNY 0.51, a decrease of 8.93% from CNY 0.56 in 2018[14] - The weighted average return on equity for 2019 was 9.47%, down from 10.63% in 2018[14] - In Q1 2019, the company reported operating revenue of approximately ¥553.87 million, with a net profit attributable to shareholders of ¥67.71 million[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥60.76 million in Q1 2019, showing a significant year-on-year increase[19] - The total operating cost for 2019 was ¥1,367,927,063.02, down 7.11% from ¥1,472,677,435.06 in 2018[63] - The cash and cash equivalents increased by ¥72,722,919.25, reflecting a growth of 46.17% from ¥49,750,637.15 in the previous year[72] - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[161] Cash Flow and Assets - The net cash flow from operating activities increased by 10.03% to CNY 225,684,023.12, compared to CNY 205,116,305.43 in 2018[14] - The total assets at the end of 2019 were CNY 2,759,850,646.14, reflecting a 1.57% increase from CNY 2,717,317,449.75 at the end of 2018[14] - The net assets attributable to shareholders increased by 2.85% to CNY 2,292,667,851.55, compared to CNY 2,229,183,667.92 at the end of 2018[14] - As of the end of 2019, cash and cash equivalents amounted to ¥935,800,398.60, representing 33.91% of total assets, an increase of 2.18% compared to the beginning of the year[20] - Accounts receivable decreased to ¥21,500,702.36, accounting for 0.78% of total assets, down by 0.51% from the previous year[20] - Inventory stood at ¥19,110,504.55, which is 0.69% of total assets, a decrease of 0.12%[20] Dividend Distribution - The company plans to distribute a cash dividend of CNY 3.60 per 10 shares, based on a total share capital of 415,763,000 shares as of December 31, 2019[4] - The company will implement a cash dividend distribution of RMB 149,674,680, distributing RMB 3.60 per 10 shares, representing 70.28% of the net profit attributable to ordinary shareholders[99][104] - The total number of shares for the dividend distribution was based on 415,763,000 shares[105] - After the dividend distribution, the retained earnings of the parent company amounted to RMB 555,537,471.41[105] Market and Competition - The retail market in China is experiencing a slowdown, with increased competition and a shift towards digital transformation and online-offline integration[26] - The company faces risks such as declining consumer demand, rising operating costs, and intensified market competition[4] - Increased market competition from changing consumer behaviors and e-commerce is a challenge, leading the company to focus on improving product and service quality[95] Strategic Initiatives - The company is focusing on enhancing customer experience and service quality to adapt to changing consumer preferences, particularly among younger generations[27] - The company implemented a digital transformation strategy, enhancing online and offline integration, with the launch of mobile POS systems and self-checkout systems[40] - The company aims to maintain stable operating performance in 2020 by enhancing collaboration with suppliers and optimizing store layouts[85] - The company will continue to develop its self-owned brands and improve retail software functionalities to capture market growth opportunities[85] - The company plans to enhance promotional activities based on market demand changes, focusing on post-pandemic recovery and anniversaries, utilizing big data-driven electronic coupon marketing to improve efficiency[87] Governance and Compliance - The audit firm, Zhonghua Certified Public Accountants, has been engaged for 13 consecutive years, with an audit fee of RMB 710,000[113] - The independent directors did not propose any board meetings or dismissals of the accounting firm during the reporting period, indicating a stable governance structure[180] - The audit opinion for Shanghai Xu Jia Hui Mall Co., Ltd. is a standard unqualified opinion, indicating that the financial statements fairly present the company's financial position as of December 31, 2019[198] - The company did not engage in any significant related party transactions during the reporting period[118] Employee and Management - Total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.2498 million[167] - The company employed a total of 931 staff, including 550 sales personnel and 52 technical personnel[168] - The company has implemented various training programs to enhance employee skills, including customer service and legal awareness training[171] Future Outlook - The company has set a future outlook with a revenue growth target of 10% for the next fiscal year, driven by new product launches and market expansion strategies[161] - The company plans to expand its market presence by opening 10 new retail locations in key urban areas over the next year[161] - A strategic acquisition of a local e-commerce platform is in progress, expected to enhance the company's digital capabilities and customer reach[161]

Financial Performance - Operating revenue for the period was CNY 417,889,251.35, a decrease of 9.40% year-on-year[7] - Net profit attributable to shareholders decreased by 17.76% to CNY 38,575,619.42 for the period[7] - Basic earnings per share fell by 18.18% to CNY 0.09[7] - The total operating revenue for the third quarter was CNY 65,653,422.58, a decrease of 15% compared to CNY 77,223,298.12 in the same period last year[47] - The net profit for the third quarter was CNY 41,810,924.39, down 16% from CNY 49,746,105.30 year-over-year[45] - The total profit for the third quarter was CNY 55,990,324.81, a decrease of 17% from CNY 67,245,416.78 in the same period last year[45] - The company's total revenue for the year-to-date was CNY 248.50 million, down 11.1% from CNY 279.51 million in the same period last year[53] - The company's total profit for the year-to-date was CNY 195.18 million, a decrease of 5.4% from CNY 206.09 million in the previous year[53] Cash Flow and Investments - Cash flow from operating activities decreased by 40.89% to CNY 35,450,439.51[7] - Cash received from the disposal of fixed assets, intangible assets, and other long-term assets decreased by 94.44% compared to the same period last year, mainly due to fewer cash recoveries from fixed asset disposals[25] - Cash paid for the purchase and construction of fixed assets, intangible assets, and other long-term assets increased by 65.29% compared to the same period last year, mainly due to increased renovation projects[25] - Net cash flow from investing activities decreased by 246.78% compared to the same period last year, primarily due to cash outflows exceeding inflows from investment activities[25] - Operating cash flow for the period was CNY 9,868,225.48, an increase from CNY 3,642,648.38 in the previous period, reflecting improved operational efficiency[62] - Total cash inflow from investment activities was CNY 780,004,673.57, compared to CNY 697,221,658.56 in the previous period, indicating a growth of approximately 11.8%[62] - Net cash flow from investment activities was CNY 58,119,878.57, down from CNY 141,141,740.61 in the previous period, showing a decline of about 58.8%[62] Assets and Liabilities - Total assets decreased by 2.45% to CNY 2,650,768,161.13 compared to the end of the previous year[7] - Total assets as of September 30, 2019, amounted to CNY 2,334,238,570.11, an increase from CNY 2,318,014,359.73 at the end of 2018[41] - Total liabilities were CNY 52,402,323.39, down from CNY 69,755,104.69 year-over-year[42] - Total liabilities amounted to CNY 452,666,173.02, with current liabilities at CNY 397,479,150.40[68] - Total equity reached CNY 2,264,651,276.73, including retained earnings of CNY 1,080,212,578.89[69] - The company's total assets were reported at CNY 2,717,317,449.75[69] Changes in Financial Position - Accounts receivable decreased by 44.48% compared to the beginning of the period[16] - Prepayments decreased by 48.02% compared to the beginning of the period[17] - Interest receivable increased by 78.13% compared to the beginning of the period[18] - Construction in progress increased by CNY 18,399,166.19, a rise of 2889.77% compared to the beginning of the period[18] - Other current liabilities increased by 108.63% compared to the beginning of the period[19] - Long-term deferred expenses decreased by 47.77% compared to the beginning of the period, mainly due to the amortization of renovations[20] - Accounts payable decreased by 33.66% compared to the beginning of the period, primarily due to a reduction in amounts payable to suppliers[20] - Employee compensation payable increased by 399.73% compared to the beginning of the period, mainly due to the accrual of year-end bonuses[20] Comprehensive Income - Other comprehensive income after tax decreased by 53.41% compared to the same period last year, mainly due to changes in the fair value of other equity instrument investments[22] - The company recorded other comprehensive income after tax of CNY 163.28 million, down 53.4% from CNY 350.48 million in the previous year[53] Earnings and Costs - Total operating costs for Q3 2019 were CNY 367,954,441.89, down 9.1% from CNY 404,684,452.54 year-over-year[44] - The total operating costs for the first three quarters were CNY 1,222,050,751.35, a decrease of 5.8% from CNY 1,297,595,556.10 in the previous year[50] - The company reported a decrease in operating costs to CNY 176.59 million from CNY 201.91 million, reflecting a reduction of 12.5%[53] Investment Income - Investment income from joint ventures and associates decreased by 96.87% compared to the same period last year, mainly due to a reduction in profits from joint ventures[22] - The investment income for the first three quarters was CNY 22,501,302.87, down from CNY 29,031,517.13 year-over-year, reflecting a decline in investment performance[50] Financial Reporting Changes - The company has implemented new financial instrument standards, revenue standards, and lease standards starting from 2019, which may impact future financial reporting[65] - The company has implemented new financial instrument standards since January 1, 2019, affecting the financial statement format[74]

证券代码：002561 证券简称：徐家汇 公告编号：2019-023 上海徐家汇商城股份有限公司 关于参加上海辖区上市公司投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，上海徐家汇商城股份有限公司（以 下简称"公司"）将参加由上海上市公司协会、上证所信息网络有限公司共同举办 的"2019 年上海辖区上市公司投资者集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台，采取网络远 程的方式举行，投资者可以登录"上证路演中心"网站 （ http://roadshow.sseinfo.com ） 或 关 注 微 信 公 众 号 ： 上 证 路 演 中 心 （sse_roadshow），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 26 日（星期四）下午 15:00 至 17:00。届时公司管理层将通过网络在线交流形 式与投资者就公司治理、发展战略、经营状况和可持续发展等投资者关注的问题 进行沟通。 欢迎广大投资者积极参与。 特此公告！ 上海 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 998,464,405.70, a decrease of 4.47% compared to CNY 1,045,182,932.86 in the same period last year[16]. - The net profit attributable to shareholders was CNY 114,017,122.34, down 7.81% from CNY 123,678,968.08 year-on-year[16]. - Basic earnings per share decreased by 10.00% to CNY 0.27 from CNY 0.30 in the same period last year[16]. - The company's operating revenue for the reporting period was ¥998,464,405.70, a decrease of 4.47% compared to ¥1,045,182,932.86 in the same period last year[61]. - Main business revenue was ¥876,948,345.34, down 5.78% year-on-year, with a gross margin of 22.46%[64]. - The company reported a total comprehensive income increase of CNY 26,844,220.25 during the period, reflecting positive operational performance[161]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 100.75%, reaching CNY 81,444,260.55 compared to CNY 40,570,501.70 in the previous year[16]. - Cash and cash equivalents at the end of the reporting period amounted to ¥796,772,263.18, representing 30.48% of total assets, a decrease of 1.25% from the previous year[66]. - The company reported a significant increase in construction in progress, rising to ¥6,025,668.34, up 0.21% from the previous year[66]. - The net cash flow from investment activities was CNY 9,776,744.52, slightly up from CNY 9,422,667.68 in the first half of 2018[144]. - The cash flow from financing activities showed a net outflow of CNY 156,765,480.00, compared to CNY 157,381,080.00 in the first half of 2018[144]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,613,852,044.95, a decline of 3.81% from CNY 2,717,317,449.75 at the end of the previous year[16]. - Total liabilities decreased to CNY 384,637,061.80 from CNY 452,666,173.02, reflecting a decline of around 15%[130]. - Accounts receivable decreased to ¥18,309,286.14, accounting for 0.70% of total assets, down 0.59% year-on-year[66]. - The company’s inventory decreased to CNY 21,199,688.10 from CNY 21,943,780.13, a decline of approximately 3.4%[127]. Shareholder Information - The total number of shares is 415,763,000, with 4.48% being limited shares and 95.52% being unrestricted shares[111]. - The largest shareholder, Shanghai Xujiahui Mall (Group) Co., Ltd., holds 30.37% of the shares, amounting to 126,274,555 shares[113]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[115]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[87]. Risks and Challenges - The company acknowledges risks such as declining consumer demand and rising operational costs, which are discussed in detail in the report[4]. - The company faces risks from declining consumer demand, rising operational costs, and intensified market competition[80][82][84]. - The company plans to enhance internal controls and improve efficiency to manage rising operational costs[83]. Strategic Initiatives - The company is focusing on enhancing customer experience through hardware renovations and marketing activities, with significant improvements in store image and customer satisfaction[35]. - The E-MEC system is being upgraded to enhance operational efficiency and support online retail expansion, with new features like electronic invoices and self-checkout in development[38]. - The company plans to enhance its marketing strategies by organizing diverse promotional activities around key events such as the 70th anniversary of the founding of the country and the second China International Import Expo[43]. - The company aims to strengthen its competitive edge by improving service quality and leveraging mobile internet technology[84]. Accounting and Compliance - The financial statements are prepared based on actual transactions and in accordance with the relevant accounting standards, ensuring a true and complete reflection of the company's financial status[176]. - The company has not changed its consolidation scope during the reporting period, which includes all subsidiaries under its control[173]. - The company follows specific accounting policies for revenue recognition based on its operational characteristics[175].