YIMIN GROUP(SH:600824)2017-03-27 16:00Financial Performance - In 2016, the company's operating revenue was CNY 2,842,248,224.28, a decrease of 8.67% compared to CNY 3,111,941,811.23 in 2015[18]. - The net profit attributable to shareholders in 2016 was CNY 150,836,175.01, down 21.85% from CNY 193,019,956.57 in 2015[18]. - The basic earnings per share for 2016 was CNY 0.143, a decline of 21.86% from CNY 0.183 in 2015[19]. - The company achieved total revenue of 2.869 billion yuan in 2016, a decrease of 8.96% year-on-year[42]. - The net profit attributable to the parent company was 151 million yuan, down 21.85% compared to the previous year[42]. - The company reported a total non-recurring profit and loss of 9,800,847.40 RMB in 2016, a significant decrease from 42,054,240.17 RMB in 2015[24]. - The company reported a significant reduction in financial expenses by 26.62%, from approximately ¥33.68 million to ¥24.71 million[55]. - The total profit for 2016 was 208 million RMB, representing a year-on-year growth of 4.10%[89]. - The net profit attributable to the parent company for 2016 was 153 million RMB, with a year-on-year increase of 1.54%[89]. Assets and Liabilities - The company's total assets at the end of 2016 were CNY 2,832,481,055.95, an increase of 2.44% from CNY 2,764,982,152.21 at the end of 2015[18]. - The net assets attributable to shareholders at the end of 2016 were CNY 2,047,342,410.01, reflecting a growth of 4.73% from CNY 1,954,787,293.99 in 2015[18]. - Total liabilities decreased to CNY 729,677,620.20 from CNY 754,827,194.44, showing a reduction of about 3.33%[173]. - The total equity attributable to the parent company at the end of the reporting period is CNY 2,010,154,957.77, an increase from CNY 1,878,255,730.85 at the end of the previous period, reflecting a growth of approximately 7%[191]. Cash Flow - The net cash flow from operating activities in 2016 was CNY 266,008,342.65, a decrease of 4.26% from CNY 277,840,078.11 in 2015[18]. - The net cash flow from investing activities worsened by 123.92%, reaching -¥124,317,934.52 from -¥55,518,055.96 in the previous year[66]. - Cash inflow from financing activities decreased to ¥522,495,635.00 from ¥780,175,156.00, a decline of about 33.0%[185]. - The ending balance of cash and cash equivalents increased to ¥362,737,586.45 from ¥315,490,378.05, an increase of approximately 15.0%[185]. Business Operations - The company operates 1,477 retail stores, including 704 self-operated and 773 franchised, across major cities in China[29]. - The company’s main business segments include commercial wholesale and retail, property leasing, pawn industry, and catering tourism[28]. - The company launched over 120 new products during the year, focusing on health and comfort themes[43]. - The company successfully closed underperforming direct sales outlets while expanding franchise stores, enhancing brand visibility and reducing operational costs[44]. - The company aims to enhance brand influence by optimizing product structure and improving service quality[35]. Market Environment - The company faced significant market growth pressure in the lingerie and gold jewelry sectors, with the overall industry growth slowing down[33]. - The retail industry in Shanghai saw a total retail sales of consumer goods of 10,946.57 billion RMB in 2016, with a year-on-year growth rate of 8.0%[32]. - The online retail sales in Shanghai reached 1,249.77 billion RMB, growing by 15.8% and accounting for 11.4% of total retail sales[32]. - The company recognizes the competitive landscape in the retail sector, with significant pressure from e-commerce and a decline in rental rates[85]. Risk Management - The company has indicated potential risks in its future development strategies, which are detailed in the report[5]. - The company has faced risks related to macroeconomic fluctuations, which could impact consumer disposable income and confidence, directly affecting sales and profits from retail and property leasing[94]. - There is a risk of overdue loans in the pawn business due to economic downturns, which could impact the efficiency of capital turnover despite having proper collateral procedures in place[95]. - The company will implement a comprehensive internal control supervision system to strengthen risk management and cost control measures[93]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.43 per 10 shares, totaling CNY 45,323,164.14[2]. - The cash dividend distribution mechanism has been clarified in the company's articles of association, ensuring protection for minority shareholders[98]. - The company has committed to maintaining shareholder interests by actively engaging with investors and ensuring transparent communication regarding dividend policies[98]. Governance and Compliance - The company has not reported any non-standard audit opinions, indicating compliance with accounting standards[103]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation of the board of directors and supervisory board[150]. - The company has implemented a market-oriented performance evaluation system for senior management, incorporating various incentive programs to attract and retain talent[158]. - The company disclosed its internal control evaluation report for 2016, which was audited by an external firm, confirming effective internal control over financial reporting[159].