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中兴商业(000715) - 2013 Q4 - 年度财报
ZSCBGCLZSCBGCL(SZ:000715)2014-03-28 16:00

Financial Performance - The company achieved operating revenue of CNY 3,479,505,921.49 in 2013, representing a year-on-year increase of 3.41%[20] - The net profit attributable to shareholders was CNY 106,644,887.89, up 6.32% from the previous year[20] - The basic earnings per share increased by 5.56% to CNY 0.38[20] - The company reported a total profit of CNY 148,379,000 for the year[25] - Total operating revenue for the current period reached ¥3,479,505,921.49, an increase of 3.4% from ¥3,364,761,044.16 in the previous period[139] - Net profit for the current period was ¥106,644,887.89, an increase of 6.3% from ¥100,308,460.82[140] Cash Flow and Assets - The net cash flow from operating activities decreased by 43.31% to CNY 157,945,241.17[20] - The company’s cash and cash equivalents increased by ¥91,876,233.80, a decrease of 54.83% compared to the previous year[35] - Cash flow from operating activities generated a net amount of ¥157,945,241.17, down from ¥278,610,617.55[146] - Total cash and cash equivalents at the end of the period increased to ¥860,047,809.03 from ¥768,171,575.23[147] - The total assets of the company increased from CNY 2,171,812,064.86 to CNY 2,201,796,178.87, representing a growth of approximately 1.37%[131] - Current assets rose from CNY 895,417,738.33 to CNY 969,487,046.87, an increase of about 8.26%[131] Liabilities and Equity - Total liabilities decreased from CNY 986,517,216.14 to CNY 929,386,862.26, a reduction of about 5.79%[133] - The company's equity attributable to shareholders increased from CNY 1,185,294,848.72 to CNY 1,272,409,316.61, marking an increase of approximately 7.34%[133] - The total owner's equity at the end of the reporting period is 1,270,086,000.00 CNY, an increase from 1,169,651,000.00 CNY in the previous year, reflecting a growth of approximately 8.6%[157] Operational Strategy - The company plans to focus on marketing, management, and service innovations to address market challenges[25] - The company aims to enhance its economic efficiency and innovate its development model by launching the ZTE online mall and exploring the O2O development model[45] - The retail industry is expected to shift towards an omnichannel retail approach, integrating online and offline sales to meet consumer demands[45] - The company plans to continue expanding its market presence and investing in new technologies[139] Risk Management - The company faces risks related to economic slowdown and increased competition in the retail sector[11] - The company faces risks from macroeconomic fluctuations and intense competition in the traditional retail sector, which may impact overall growth[48] - The company emphasizes the need for management innovation and improved execution to enhance operational efficiency and reduce costs[47] Corporate Governance - The company has engaged the same accounting firm for 17 years, with an audit fee of CNY 350,000 for the reporting period[63] - The board of directors and supervisory board operate independently, ensuring compliance with relevant laws and regulations[94] - The company has maintained compliance with corporate governance regulations, with no discrepancies reported in its governance practices[97] Employee and Management Structure - The company employed a total of 2,446 staff members, with 66.72% (1,632) being sales personnel, 14.84% (363) technical staff, and 13.53% (331) management personnel[88] - The company has a diverse management team with multiple vice presidents and independent directors[75] - The leadership team is committed to driving growth and innovation within the company, aligning with market trends[79] Financial Reporting and Accounting Policies - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position and results as of December 31, 2013[167] - The company follows the Chinese Accounting Standards and has consistently applied these standards in its financial reporting[167] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[175]