MAOYE COMMERCIAL(SH:600828)2014-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 99,797,392.82, down 46.99% year-on-year[8]. - Operating revenue for the period was CNY 1,561,736,394.69, representing a decline of 5.17% compared to the same period last year[8]. - The net cash flow from operating activities was CNY 50,149,862.76, a significant decrease of 58.85% year-on-year[8]. - Basic earnings per share decreased by 8.05% to CNY 0.3095[9]. - The weighted average return on net assets fell by 3.87 percentage points to 15.09%[8]. - The company reported a net loss of CNY 6,295,070.03 from non-operating income and expenses for the period[11]. - The company reported a significant increase in investment income, rising to RMB 117,665,225.71, primarily from the sale of 100% equity in Chengshang Group Nanchong Commercial Co., Ltd.[26]. - Total operating revenue for the third quarter was approximately ¥427.77 million, a decrease of 19.5% compared to ¥531.63 million in the same period last year[57]. - Net profit for the third quarter was approximately ¥11.74 million, down 89.2% from ¥108.95 million in the same period last year[58]. - The company reported a total profit of approximately ¥16.69 million for the third quarter, down 88.6% from ¥145.76 million in the same period last year[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,302,997,601.33, a decrease of 0.34% compared to the end of the previous year[8]. - Total current assets increased to ¥402,237,625.05 from ¥390,699,606.30, representing a growth of approximately 1.4%[47]. - Total liabilities decreased to ¥1,033,855,013.87 from ¥1,166,543,775.89, a reduction of approximately 11.4%[49]. - Short-term borrowings surged by 940% to RMB 260,000,000.00, reflecting the company's new short-term borrowings in the current period[17]. - Total equity increased to ¥1,269,142,587.46 from ¥1,144,344,987.98, representing a growth of approximately 10.9%[49]. Cash Flow - The net cash flow from operating activities decreased by 58.85% to RMB 50,149,862.76, mainly due to reduced rental income from agreements with Pacific China Holdings and Chengdu Commercial Pacific Department Store Co., Ltd.[29]. - Cash inflow from investment activities totals CNY 108,062,810.77, a decrease of 32.3% compared to CNY 159,736,911.08 last year[63]. - Cash outflow for investment activities is CNY 72,355,596.74, down 66.2% from CNY 214,188,486.30 in the previous year[63]. - Cash inflow from financing activities is CNY 260,000,000.00, an increase of 10.6% from CNY 235,000,000.00 year-on-year[64]. - The ending balance of cash and cash equivalents is CNY 67,360,379.05, down 26.6% from CNY 91,759,076.26 year-on-year[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,200[13]. - The largest shareholder, Shenzhen Maoye Commercial Co., Ltd., held 68.06% of the shares[14]. Investments and Subsidiaries - The company's accounts receivable dividends decreased by 100% to zero, primarily due to the recovery of unpaid dividends from Chengdu Rainbow Electric (Group) Co., Ltd. in the current reporting period[17]. - Other receivables increased by 33.61% to RMB 128,508,585.03, mainly due to the sale of 100% equity and debt of the controlling subsidiary Chengshang Group Nanchong Commercial Co., Ltd.[17]. - Investment properties rose by 67.16% to RMB 182,361,617.44, attributed to the completion of the office property in the Maoye Tiandi project and the disposal of equity in Chengshang Group Nanchong Commercial Co., Ltd.[17]. - The company completed the sale of 100% equity in Chengshang Group Nanchong Commercial Co., Ltd. for RMB 100,279,819.89, with the buyer assuming all liabilities totaling RMB 49,735,610.49[31]. Compliance and Commitments - The company has adhered to the commitment made by its controlling shareholder not to engage in similar business activities in the Chengdu and Sichuan regions, ensuring compliance with competitive practices[36]. - The company is in compliance with national laws and regulations regarding the loan conditions, ensuring the legitimacy of its financing activities[35]. - The company has committed to providing all necessary documentation and guarantees to facilitate the loan disbursement process[33].