茂业商业(600828) - 2013 Q4 - 年度财报

Financial Performance - In 2013, the company's operating revenue reached ¥2,212,110,863.39, representing a 3.06% increase compared to ¥2,146,401,819.44 in 2012[29] - The net profit attributable to shareholders was ¥204,506,099.81, a significant increase of 35.75% from ¥150,651,996.04 in the previous year[29] - The net profit after deducting non-recurring gains and losses was ¥172,174,549.13, reflecting a 15.54% increase from ¥149,020,266.28 in 2012[29] - The weighted average return on equity rose to 20.10%, an increase of 2.52 percentage points from the previous year[32] - The company achieved operating revenue of CNY 2,212,110,863.39, an increase of 3.06% compared to the previous year[38] - Net profit attributable to shareholders increased by 35.75% to CNY 204,506,099.81, with a 15.54% increase after excluding non-recurring gains and losses[38] - The company reported a total profit of RMB 284,100,795.87, with a notable increase in operating income from RMB 203,433,370.53 in the previous year[189] - The company reported a comprehensive income total of RMB 204,083,793.57, compared to RMB 149,307,560.11 in the previous year, indicating a growth of 36.7%[189] Cash Flow - The net cash flow from operating activities was ¥211,403,980.72, down 5.29% from ¥223,210,599.26 in 2012[29] - The total cash inflow from operating activities was CNY 2,477,495,527.91, an increase from CNY 2,459,467,779.18 in the previous year, representing a growth of approximately 0.73%[193] - The net cash flow from investment activities was negative at CNY -90,645,073.07, compared to CNY -156,083,717.54 in the previous year, showing an improvement[193] - The ending cash and cash equivalents balance decreased to CNY 77,123,465.08 from CNY 121,760,592.90, a decline of approximately 36.6%[193] - The total cash outflow from operating activities was CNY 2,266,091,547.19, compared to CNY 2,236,257,179.92 in the previous year, reflecting an increase of about 1.34%[193] Assets and Liabilities - The total assets at the end of 2013 were ¥2,310,888,763.87, a 3.53% increase from ¥2,232,066,845.37 in 2012[29] - The company's total liabilities included short-term borrowings of CNY 25,000,000.00, down from CNY 120,000,000.00[180] - Total liabilities amounted to CNY 1,166,543,775.89, a decrease from CNY 1,274,692,461.25 in the previous year, reflecting a reduction of approximately 8.5%[181] - The company's non-current assets totaled CNY 1,920,189,157.57, up from CNY 1,802,021,641.50[180] - Owner's equity rose to CNY 1,113,611,664.36, up from CNY 885,052,102.65, reflecting a growth of approximately 25.8%[186] Dividend and Profit Distribution - The company proposed a cash dividend of ¥0.9 per 10 shares, totaling ¥51,339,569.13 to be distributed to shareholders[9] - The cash dividend for 2013 was reported at approximately 51.34 million RMB, representing 25.10% of the net profit attributable to shareholders[80] - The company has established a profit distribution policy emphasizing reasonable returns to investors, with a minimum cash distribution of 30% of the average distributable profit over the last three years[76] - The company has maintained a consistent and stable profit distribution policy over the years, reflecting its commitment to shareholder returns[78] Operational Developments - The company opened two new stores, contributing to the increase in operating revenue, and resolved a legal dispute with Pacific China Holdings, leading to increased rental income[41] - The company plans to achieve an operating income of 2.7 billion yuan and control operating costs at 2.14 billion yuan for 2014[72] - The company has invested a total of 486.12 million yuan in the Maoye Tiandi South District project, which has opened its commercial section, while the North District has seen an investment of 59.71 million yuan with no revenue generated yet[66][67] - The company will continue to seek quality properties and suitable sites within Sichuan province to enhance its store network layout[72] Governance and Compliance - The company has implemented a comprehensive decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[77] - The independent directors have played a significant role in reviewing and ensuring compliance with the profit distribution policy[77] - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and managers, linking their salaries to performance and market conditions[163] - The company has implemented a comprehensive internal control system, including a financial reporting internal control framework, to ensure compliance and safeguard assets[165] Employee and Management Information - The company employed a total of 1,767 staff, including 197 in the parent company and 793 in major subsidiaries[150] - The total remuneration for the chairman, Wang Fuqin, is 705,000 RMB before tax[137] - The total remuneration for the general manager, Wang Wei, is 900,000 RMB before tax[138] - The total remuneration for all directors, supervisors, and senior management personnel amounted to 4.6044 million yuan[148] Market and Economic Environment - The online retail market in China reached a transaction scale of 1.85 trillion yuan in 2013, growing by 42% year-on-year, accounting for 7.9% of total retail sales[75] - The company faces risks from macroeconomic fluctuations, which could adversely affect the retail industry's overall growth and the company's performance[75]