CBEST(SH:600729)2016-04-06 16:00Financial Performance - In 2015, the total revenue was CNY 30,079,377,071.43, a decrease of 0.20% compared to 2014[17] - The net profit attributable to shareholders was CNY 367,365,167.01, down 25.28% from the previous year[17] - The basic earnings per share decreased to CNY 0.90, a decline of 25.62% from CNY 1.21 in 2014[19] - The total profit for the year was CNY 438 million, representing a significant decrease of 25.83% compared to the previous year[35] - The company reported a net profit margin of 12%, up from 10% in the previous quarter[145] - The company reported a net loss of 12,043,425.01 in the current year, which is a concern for future profitability[199] Cash Flow - The net cash flow from operating activities was CNY 422,386,380.83, a significant increase of 461.86% compared to 2014[17] - The company reported a net cash flow from investment activities of -39.726 million RMB, an improvement of 68.19% from the previous year[46] - The company’s cash flow management strategies have led to a positive net cash flow from operating activities, indicating improved operational efficiency[193] - Cash flow from operating activities generated a net cash inflow of CNY 422,386,380.83, a recovery from a net outflow of CNY -116,725,543.32 in the previous year[191] - The net cash flow from financing activities was CNY -79,307,150.21, an improvement from CNY -271,863,475.49 in the previous year[191] Assets and Liabilities - The total assets at the end of 2015 were CNY 12,060,188,795.31, an increase of 2.83% from the previous year[18] - The company's total liabilities as of December 31, 2015, were RMB 7,222,405,141.69, compared to RMB 7,138,545,298.94 at the start of the year, indicating an increase of about 1.18%[179] - The total equity attributable to shareholders of the parent company reached RMB 4,782,255,092.55, up from RMB 4,561,187,771.38, representing a growth of approximately 4.84%[179] - The company's cash and cash equivalents decreased to RMB 2,789,869,936.87 from RMB 3,735,580,853.21, a decline of about 25.3%[177] - The total current assets increased to RMB 8,251,696,880.12 from RMB 7,758,625,604.62, marking an increase of about 6.35%[177] Business Operations - The company opened 238 retail outlets across various regions, including Chongqing, Sichuan, Guizhou, and Hubei[27] - The company has initiated new business ventures, including a financial services platform and cross-border e-commerce initiatives[31] - The company plans to close several underperforming stores in 2016, including the Chongqing Linjiang Mall and New Century Diaoyu City Mall[58] - The company has implemented a multi-supplier strategy for fresh goods to mitigate supply interruption risks[64] - The company aims to strengthen its leading position in the southwestern region, focusing on strategic expansion in Chongqing and surrounding areas to enhance overall store efficiency and innovate retail business models[81] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 2.80 per 10 shares, totaling CNY 11,382.80 million[2] - The cash dividend policy has been revised to ensure transparency and protect the rights of minority investors[88] - The company is committed to maintaining operational independence from its controlling shareholder, ensuring separation in personnel, finance, and operations[93] - The company has established a salary scheme for senior management, which was approved by the board and employee representative assembly[169] - The company’s governance structure complies with the requirements of the China Securities Regulatory Commission[159] Risks and Compliance - There were no significant risks or violations of decision-making procedures reported during the year[4] - The company is actively resolving issues related to non-compliant property usage and is committed to ensuring stable operations[98] - The company faced a lawsuit regarding a customer death incident, with a compensation amount of CNY 114,516.09 awarded by the court[103] - The company is currently awaiting the execution of a court ruling regarding the employee misappropriation case[105] - The company’s integrity status during the reporting period was deemed good, with no significant issues reported[108] Market Trends - The online retail market in China grew by 33.3% in 2015, indicating a shift in consumer purchasing behavior[28] - The company reported a year-on-year decrease in sales for the supermarket segment in the Guizhou region of 14.48%[59] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[145] - The company reported a total of 4,583,187 members aged 21-60, accounting for 90.09% of total sales, while members aged 20 and below numbered 55,802, contributing 1.45% to sales[67] - The company has opened stores outside of Chongqing in Sichuan, Guizhou, and Hubei provinces, but must adapt to local consumer preferences and build a suitable supply chain[85]