ZBJT(SZ:000759)2014-10-17 16:00Financial Performance - The company's operating revenue for 2012 was CNY 15,704,114,842.54, representing a 13.27% increase compared to CNY 13,864,367,578.95 in 2011[22]. - The net profit attributable to shareholders decreased by 23.12% to CNY 205,114,110.01 from CNY 266,782,380.70 in the previous year[22]. - The basic earnings per share fell to CNY 0.30, down 23.12% from CNY 0.39 in 2011[22]. - The net profit for the period was CNY 205 million, down 23.12% compared to the previous year[28]. - The company reported a net profit of CNY 187,896,225.02 after deducting non-recurring gains and losses, a decrease of 21.6% from CNY 239,649,441.43 in 2011[22]. - The company reported a total comprehensive income of CNY 201,483,738.48, down from CNY 265,712,755.85, a decrease of 24.2%[183]. - The company recorded a net profit for the period of CNY 266,782,380.70, reflecting a decrease of CNY 1,069,624.24 compared to the previous year[199]. Cash Flow - The net cash flow from operating activities increased by 22.1% to CNY 1,016,947,282.26, compared to CNY 832,898,903.95 in 2011[22]. - The company reported a net cash flow from operating activities of CNY 1,016,947,282.26, reflecting a significant increase of 22.1% from CNY 832,898,903.95 in the previous year[45]. - The total cash inflow from operating activities was CNY 18,236,651,585.47, an increase of 9.19% compared to CNY 16,702,031,274.09 in 2011[45]. - The cash flow from operating activities generated a net amount of CNY 1,016,947,282.26, an increase of 22.1% compared to CNY 832,898,903.95 in the previous year[189]. - The net cash flow from financing activities was -192,876,153.52, a decline from 464,556,586.00 in the previous period, indicating higher debt repayments[192]. Assets and Liabilities - Total assets at the end of 2012 were CNY 7,908,319,486.23, a slight increase of 0.89% from CNY 7,838,494,338.16 in 2011[22]. - The company's total liabilities decreased to CNY 4,995,529,711.31 from CNY 5,065,193,421.71, indicating a reduction in financial obligations[176]. - The total equity attributable to shareholders increased to CNY 2,883,388,674.89 from CNY 2,678,151,503.19, reflecting a growth of approximately 7.7%[176]. - Cash and cash equivalents at the end of the year were CNY 1,481,374,207.37, down from CNY 1,619,056,997.52, representing a decrease of about 8.5%[174]. - Inventory levels decreased to CNY 1,840,965,532.77 from CNY 2,020,100,459.45, a decline of approximately 8.9%[174]. Operational Expansion - The total number of chain outlets reached 948, with 244 being warehouse supermarkets and 651 being convenience stores[29]. - The company expanded its warehouse supermarket network by adding 43 new outlets, exceeding its target of 20[34]. - In 2013, the company aims to open 100 new stores, including 10 large-scale warehouse stores and 90 convenience stores[73]. - The company plans to enhance its product structure and improve operational efficiency through data analysis and targeted marketing activities[75]. Investment and Projects - The company is investing in multiple projects, including the Wuhan Zhongbai Fresh Logistics Distribution Center with a total investment of CNY 46,750.82 million, currently at 69.23% completion[68]. - The investment progress for the chain warehouse project is 96.99%, with RMB 37,777 million invested out of a total commitment of RMB 38,951 million[62]. - The logistics center construction project in Xianning has an investment progress of 43.31%, with RMB 3,817.4 million invested out of a total commitment of RMB 8,815 million[63]. Dividend Policy - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 136,204,300.00[5]. - The cash dividend payout ratio for 2012 was 66.4% of the net profit attributable to shareholders, which was RMB 205,114,110.01[86]. - The company has established a three-year shareholder return plan (2012-2014) to enhance the transparency of its profit distribution policy[82]. Governance and Compliance - The company has established a governance structure in compliance with the Company Law and relevant regulations, ensuring transparency and investor protection[142]. - The company maintained effective internal control over financial reporting in all material respects according to the internal control audit report[164]. - The audit opinion issued was a standard unqualified opinion by the auditing firm[167]. Risks and Challenges - The company highlighted potential risks and challenges in its future development outlook, urging investors to be cautious[11]. - The retail industry faces increasing competition and rising operational costs, which may impact profitability in the short term[72]. - The company will continue to face financial risks due to its expanding operations and ongoing construction projects[79].