XHCG(SH:600785)2014-04-16 16:00Financial Performance - Operating revenue for the first quarter was CNY 1,954,393,660.63, reflecting a growth of 4.12% year-on-year[10] - Net profit attributable to shareholders rose by 21.42% to CNY 112,438,068.59 compared to CNY 92,605,948.83 in the same period last year[10] - Basic and diluted earnings per share increased by 17.78% to CNY 0.53 from CNY 0.45 in the same period last year[10] - The company's total comprehensive income for the period was CNY 104,808,945.03, compared to CNY 94,949,025.90 in the previous year, marking an increase of about 10.4%[30] - The company reported a net profit of ¥135,628,832.93 for the quarter, compared to ¥123,282,690.71 in the previous year, an increase of 10.5%[29] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,967,811,339.03, a slight increase of 0.07% compared to the end of the previous year[10] - Total liabilities decreased to ¥2,252,699,415.41 from ¥2,272,883,541.07, a reduction of approximately 0.9%[24] - Cash and cash equivalents decreased from 750.52 million yuan at the beginning of the year to 563.26 million yuan at the end of the period[22] - Cash and cash equivalents decreased significantly from ¥274,866,573.51 to ¥118,046,775.11, a decline of 57.0%[25] Shareholder Information - The total number of shareholders reached 22,937 at the end of the reporting period[12] - The largest shareholder, Wumart Holdings, Inc., holds 26.91% of the shares, amounting to 60,715,708 shares, all of which are pledged[12] Cash Flow - Cash flow from operating activities showed a significant decline of 90.95%, amounting to CNY 10,406,257.70 compared to CNY 114,971,672.61 in the previous year[10] - Operating cash flow decreased by 90.95% compared to the same period last year, mainly due to increased cash payments for taxes and purchases[18] - The total cash inflow from operating activities was CNY 2,190,217,979.60, up from CNY 2,087,447,208.86 in the previous period[32] - The net cash flow from operating activities was CNY 10,406,257.70, a decrease from CNY 114,971,672.61 in the prior year[32] Investment and Expenses - Investment income increased by 337.09% year-on-year, primarily due to the recovery of long-term equity investment income[18] - Management expenses increased by 39.67% year-on-year, attributed to the expansion of the company's operations leading to higher employee salaries, rental fees, and utility costs[17] - Financial expenses increased by 37.88% year-on-year, mainly due to increased interest payments on loans by a subsidiary[17] - Sales expenses increased to CNY 58,905,508.46 from CNY 48,800,218.41, indicating a rise of approximately 20.5%[30] Operational Developments - The company opened its 9th department store, Xinhua Department Store in Guyuan, Ningxia, during the reporting period[19] - The company established a wholly-owned subsidiary, Gansu Xinhua Department Store Chain Supermarket Co., Ltd., with a registered capital of 10 million yuan[19] Accounts Receivable and Inventory - Accounts receivable increased by 133.54% compared to the beginning of the year, mainly due to an increase in credit card receivables and customer group purchase payments[16] - Inventory increased to ¥37,766,451.61 from ¥32,403,205.47, representing a growth of 16.5%[26]