NYOCOR Co.,Ltd.(SH:600821)2016-05-19 16:00Financial Performance - The company reported a net profit of CNY 5.09 million for 2015, a decrease of 51.81% compared to CNY 10.57 million in 2014[17]. - Total operating revenue for 2015 was CNY 550.15 million, down 10.07% from CNY 611.78 million in 2014[17]. - The basic earnings per share for 2015 was CNY 0.01, down 66.67% from CNY 0.03 in 2014[18]. - The weighted average return on equity decreased to 0.85% in 2015 from 1.78% in 2014, a decline of 0.93 percentage points[18]. - The company reported a negative cash flow from operating activities of CNY 58.04 million in 2015, compared to a positive cash flow of CNY 139.53 million in 2014, a decrease of 141.60%[17]. - The company experienced a significant decline in net profit attributable to shareholders, with a loss of CNY 31.91 thousand in 2015 compared to a profit of CNY 2.11 million in 2014[17]. - The company reported a non-recurring loss of RMB 8,935.31 million from the disposal of non-current assets in 2015, compared to a loss of RMB 17,335.22 million in 2014[22]. - The company reported a net profit impact of RMB 5,126.87 million from non-recurring gains in 2015, compared to RMB 8,462.68 million in 2014[23]. - The company’s annual revenue for 2015 was CNY 550.15 million, a decrease of 10.07% compared to the previous year, primarily due to weak market consumption and a decline in sales volume[40]. Assets and Liabilities - The company's total assets decreased by 6.13% to CNY 1.80 billion at the end of 2015, compared to CNY 1.92 billion at the end of 2014[17]. - The company's total liabilities decreased from CNY 1,321,378,145.20 to CNY 1,198,526,004.07, a decline of approximately 9.3%[149]. - Total current assets decreased from CNY 320,402,015.65 at the beginning of the year to CNY 183,877,203.69 by year-end, a decline of approximately 42.6%[147]. - Cash and cash equivalents dropped significantly from CNY 257,759,124.29 to CNY 85,532,001.44, representing a decrease of about 66.8%[147]. - Total non-current assets increased from CNY 1,599,569,253.90 to CNY 1,618,336,888.80, reflecting a growth of about 1.7%[148]. - The total assets decreased from CNY 1,919,971,269.55 to CNY 1,802,214,092.49, a reduction of approximately 6.1%[149]. Revenue and Costs - The operating cost for 2015 was CNY 426.60 million, down 15.45% year-on-year, reflecting the reduction in sales revenue[41]. - The gross profit margin for product sales was 17.37%, with a decrease in revenue and cost by 15.95% and 17.95% respectively compared to the previous year[43]. - Total operating costs decreased by 17.2% to ¥601,516,726.05 from ¥726,422,656.99 in the previous year[155]. Market and Business Strategy - The company aims to leverage its "Chinese Time-honored Brand" advantage and integrate e-commerce with traditional retail to enhance competitiveness[28]. - The company is committed to transforming its business model to adapt to the changing market environment and consumer behavior[28]. - The company is focusing on optimizing retail network layout, moving towards a more reasonable and convenient structure, with large commercial outlets being further developed[35]. - The company plans to enhance its overall strength through coordinated development of business formats, professional branding, and improved service quality[35]. - The company aims to shift from quantity expansion to quality improvement, enhancing core competitiveness through regional marketing strategies[36]. - The company is exploring diversified investment channels and plans to incorporate traditional retail transformation and non-store sales into its future development strategy[36]. Shareholder and Governance - The company did not propose any profit distribution for the year due to an accumulated undistributed loss of CNY 88.47 million as of the end of 2015[4]. - The company is committed to improving governance and asset management, ensuring maximum shareholder benefits through effective information disclosure and operational quality[38]. - The total number of ordinary shareholders increased from 41,367 to 43,068 during the reporting period, indicating a growing investor interest[90]. - The company has established effective communication channels with shareholders, ensuring equal treatment for all, especially minority shareholders[123]. - The company has implemented an internal accountability system to enhance governance and protect investors' rights[126]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 664, with 294 in sales and 28 in technical roles[118]. - The company adheres to a performance-based salary distribution system, linking compensation to economic indicators and company profits[115]. - The total pre-tax compensation for the chairman Liu Ming is 92,300 RMB[110]. - The total pre-tax compensation for vice chairman Si Yongsheng is 221,500 RMB[110]. - The total pre-tax compensation for vice chairman Zhang Baoqi is 221,500 RMB[110]. Compliance and Reporting - The financial statements fairly present the company's financial position as of December 31, 2015, in accordance with accounting standards[144]. - The company is committed to maintaining compliance with industry regulations and ensuring the accuracy of its financial reporting[181]. - The financial report was approved by the board of directors on April 25, 2016[183]. - The company received a standard unqualified opinion on its internal control audit for the year 2015[135].