n.n.store(SH:600712)2014-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 685,038,478.60, a decrease of 10.50% year-on-year [16]. - Net profit attributable to shareholders was CNY 1,124,186.27, down 88.19% from the same period last year [16]. - Total operating revenue for the current period is ¥685,038,478.60, a decrease of 10.5% from ¥765,411,083.89 in the previous period [34]. - Net profit for the current period is ¥1,124,186.27, a significant decline of 88.2% compared to ¥9,522,043.67 in the previous period [35]. - Basic earnings per share for the current period is ¥0.002, down from ¥0.02 in the previous period, reflecting a 90% decrease [35]. - The company’s total comprehensive income for the current period is ¥1,124,186.27, a decrease of 88.2% from ¥9,522,043.67 in the previous period [35]. Cash Flow - Cash flow from operating activities showed a negative value of CNY -298,838,000.14, an increase of 275.01% in cash outflow compared to the previous year [10]. - Net cash flow from operating activities decreased by 275.01% to -¥298,838,000.14, attributed to reduced cash inflow from sales and increased cash outflow [20]. - Cash flow from operating activities shows a net outflow of ¥298,838,000.14, compared to a smaller outflow of ¥79,687,058.94 in the previous period [41]. - Total cash outflow for operating activities was CNY 927,239,720.08, compared to CNY 828,756,351.56 in the previous period, indicating an increase in operational expenses [45]. - Cash received from other operating activities was CNY 1,364,037.53, down from CNY 3,658,076.10 in the previous period, showing a decline of approximately 62.7% [44]. - The company paid CNY 33,040,873.12 to employees, a decrease from CNY 36,701,421.72 in the previous period, indicating a reduction in payroll expenses [45]. - The company incurred tax payments of CNY 38,189,142.46, down from CNY 48,247,113.57 in the previous period, reflecting a decrease of approximately 20.5% [45]. Assets and Liabilities - Total assets decreased by 9.42% to CNY 1,982,918,090.75 compared to the end of the previous year [10]. - Total current assets decreased from ¥740,606,369.96 to ¥477,663,033.61, a reduction of approximately 35.5% [26]. - Total liabilities decreased from ¥1,117,940,329.40 to ¥910,539,094.51, a reduction of approximately 18.6% [28]. - Total assets decreased from ¥2,189,195,139.37 to ¥1,982,918,090.75, a reduction of approximately 9.4% [28]. - Non-current assets increased from ¥1,448,588,769.41 to ¥1,505,255,057.14, an increase of approximately 3.9% [27]. - The company's retained earnings increased slightly from ¥118,504,557.64 to ¥119,628,743.91, reflecting a growth of about 1% [28]. - Total liabilities decreased to ¥883,629,831.16 from ¥1,064,850,013.94, indicating a reduction of approximately 16.9% [32]. - Total equity increased slightly to ¥1,107,460,626.59 from ¥1,098,642,492.19, reflecting a growth of about 0.8% [32]. Operational Challenges - The company faced operational challenges due to construction impacts from subway projects affecting key stores [17]. - Accounts receivable increased by 46.42% to CNY 4,746,058.55, attributed to increased wholesale business [18]. - Prepayments rose by 36.92% to CNY 78,614,500.16, mainly due to increased advance payments for goods [18]. - Financial expenses increased by 32.75% to CNY 2,958,520.34 due to increased loan amounts and interest expenses [17]. - Accounts payable decreased by 30.33% to ¥307,845,337, primarily due to payments to suppliers [19]. - Employee compensation payable decreased by 48.73% to ¥7,231,368, mainly due to year-end bonus payments [19]. Investment Activities - Net cash flow from investing activities decreased by 76.49% to -¥3,008,013.06, mainly due to reduced payments for the World Trade West City project [20]. - The cash flow from investment activities showed a net outflow of CNY 2,849,960.58, compared to a net outflow of CNY 10,705,695.62 in the previous period, indicating reduced investment expenditures [45]. - Investment income for the current period is ¥61,726.61, down from ¥126,981.98, indicating a decline of 51.4% [35].