SHJB(SH:600838)2014-04-27 16:00Financial Performance - The net profit attributable to shareholders for the year 2013 was CNY 47,434,708.92, an increase of 84.31% compared to CNY 25,736,431.59 in 2012[7]. - The company's operating revenue for 2013 was CNY 140,637,494.18, representing a decrease of 15.48% from CNY 166,394,589.16 in 2012[29]. - Basic earnings per share for 2013 were CNY 0.1183, up 84.27% from CNY 0.0642 in 2012[27]. - The weighted average return on equity increased to 6.77% in 2013 from 3.70% in 2012, an increase of 3.07 percentage points[27]. - The net profit for the year was CNY 47.43 million, an increase of 84.31% compared to CNY 25.74 million in the previous year[35]. - The company reported a significant increase in cash and cash equivalents, reaching CNY 124.47 million, up 98.30% from CNY 62.77 million[44]. - The company faced a 20.78% decrease in operating costs, amounting to CNY 91.67 million[37]. - The company’s comprehensive income for the year was CNY 54,259,792.25, reflecting strong operational performance despite fluctuations in other income[155]. Cash Flow and Investments - The net cash flow from operating activities for 2013 was CNY 5,400,366.20, a significant recovery from a negative cash flow of CNY -46,993,696.80 in 2012[29]. - The net cash flow from investing activities increased by CNY 35.36 million, mainly from the sale and purchase of properties[41]. - The net cash flow from operating activities increased by CNY 52.39 million, primarily due to the recovery of receivables and reduced inventory purchases[41]. - The company raised ¥252,000,000.00 through borrowings, although this was a decrease from ¥292,000,000.00 in the previous year, suggesting a tightening of financing sources[147]. Assets and Liabilities - The total assets at the end of 2013 were CNY 1,083,477,555.78, a slight increase of 0.61% from CNY 1,076,924,486.06 at the end of 2012[29]. - The total liabilities decreased from CNY 396,714,859.95 at the beginning of the year to CNY 362,627,463.37 by year-end, reflecting a reduction of about 8.6%[131]. - The total equity attributable to shareholders rose from CNY 680,209,626.11 to CNY 720,850,092.41, reflecting an increase of about 5.9%[131]. - The company's retained earnings increased from CNY 62,524,359.37 to CNY 96,652,300.30, representing a growth of approximately 54.6%[131]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.36 per 10 shares, totaling CNY 14,431,751.32, based on a total share capital of 400,881,981 shares[8]. - The total number of shareholders as of the end of the reporting period is 67,908, an increase from 62,332 prior to the annual report disclosure[89]. - The largest shareholder, Shanghai Jiubai (Group) Co., Ltd., holds 19.59% of shares, totaling 78,540,608 shares[89]. Corporate Governance - The company has established a profit distribution policy requiring that cash dividends in the last three years should not be less than 30% of the average distributable profit[64]. - The company emphasizes the importance of corporate culture centered on integrity, innovation, and quality[60]. - The company has not faced any penalties or criticisms from the China Securities Regulatory Commission or the stock exchange during the reporting period[80]. Employee and Management - The company employed a total of 363 staff members, with 28 in the parent company and 335 in major subsidiaries[102]. - The total salary paid to all directors, supervisors, and senior management during the reporting period amounted to RMB 2.4085 million[100]. - The company has seen changes in its board, with several appointments and departures due to work adjustments and retirements[101]. Risk Management - The company has identified risks related to macroeconomic adjustments affecting consumer spending and retail sectors[61]. - The company has no major litigation or bankruptcy restructuring matters reported for the year[67]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[161]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[164]. - The company assesses the carrying value of financial assets for impairment at the balance sheet date, with specific criteria for recognizing impairment losses on available-for-sale financial assets[183].