Sanjiang Shopping Club(SH:601116)2014-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 38,969,839.93, down 28.90% year-on-year[9]. - Operating revenue for the period was CNY 1,267,232,636.42, representing a decrease of 7.12% compared to the same period last year[9]. - The company reported a total comprehensive income of ¥38,896,080.43, down from ¥54,799,310.83 in the previous period[31]. - Operating profit for the current period is ¥47,715,921.10, a decline of 19.4% compared to ¥59,128,037.51 in the previous period[31]. - Net profit decreased to ¥38,969,839.93, down 29% from ¥54,813,265.33 in the previous period[31]. - Earnings per share (EPS) for the current period is ¥0.0949, a decrease from ¥0.1334 in the previous period[31]. Cash Flow - Net cash flow from operating activities was CNY 78,807,437.24, a decline of 63.14% year-on-year[9]. - Cash flow from operating activities generated a net amount of ¥78,807,437.24, significantly lower than ¥213,812,952.08 in the previous period[37]. - The net cash flow from operating activities decreased to $116.65 million from $227.77 million, representing a decline of approximately 48.8% year-over-year[40]. - The net cash flow from investing activities turned negative at -$51.17 million, compared to a positive $8.61 million in the previous period[40]. - The ending balance of cash and cash equivalents was $1.42 billion, down from $1.57 billion, representing a decline of about 9.4%[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,061,341,556.95, a decrease of 0.83% compared to the end of the previous year[9]. - Current assets decreased from CNY 2,244,056,710.17 to CNY 2,177,669,223.34, a decline of about 2.96%[24]. - Total liabilities decreased from CNY 1,519,779,007.13 to CNY 1,455,227,656.53, a decline of about 4.24%[25]. - Shareholders' equity increased from CNY 1,567,217,819.99 to CNY 1,606,113,900.42, an increase of approximately 2.48%[25]. - The total non-current assets increased from CNY 842,940,116.95 to CNY 883,672,333.61, reflecting an increase of approximately 4.84%[24]. Store Operations - The company opened one new store during the reporting period and closed one store, resulting in a net change of zero stores[18]. - The company completed the renovation of 127 chain stores ahead of schedule, utilizing an investment of 45 million RMB, originally planned for completion by the end of 2014[19]. - The renovation project has improved the shopping environment and operational standards of the stores[19]. - The company successfully completed the first phase of its renovation project, enhancing its operational capabilities[19]. Shareholder and Management Commitments - The actual controller, Chen Nian Ci, has committed to not transferring or entrusting the management of shares held for 36 months post-listing[20]. - The company has not engaged in any related party transactions as of the date of the commitment letter issued by the actual controller[21]. - The company has guaranteed that it will not lend funds to related or non-related parties in any form in the future[21]. - The company has committed to ensuring that any related party transactions will be conducted at fair market prices[21]. - The company has made efforts to avoid any direct or indirect competition with its controlling shareholder[20].