ZBJT(SZ:000759)2014-10-17 16:00Financial Performance - The company's total operating revenue for the year reached RMB 13.86 billion, representing a significant increase compared to previous years[9]. - Operating profit amounted to RMB 359.67 million, while the total profit was RMB 395.89 million, indicating strong financial performance[9]. - The net profit attributable to shareholders was RMB 266.78 million, with a net profit of RMB 239.65 million after deducting non-recurring gains and losses[9]. - The net cash flow from operating activities was RMB 832.90 million, reflecting healthy cash generation capabilities[9]. - Total revenue for 2011 reached ¥13.86 billion, an increase of 16.78% compared to ¥11.87 billion in 2010[13]. - Net profit attributable to shareholders was ¥266.78 million, reflecting a growth of 6.32% from ¥250.93 million in 2010[13]. - Operating cash flow for 2011 was ¥832.90 million, up 2.21% from ¥814.92 million in 2010[13]. - The company's net profit for 2011 was CNY 156.0384 million, with a total distributable profit of CNY 281.1668 million after accounting for retained earnings[128]. - The company reported a net profit of CNY 266,782,380.70 for the year, reflecting a positive performance despite other financial pressures[162]. Assets and Liabilities - Total assets increased by 33.56% to ¥7.84 billion at the end of 2011, compared to ¥5.87 billion at the end of 2010[13]. - Total liabilities rose by 50.76% to ¥5.07 billion at the end of 2011, up from ¥3.36 billion at the end of 2010[13]. - The asset-liability ratio increased to 64.62% at the end of 2011, up from 57.25% at the end of 2010[13]. - The total equity attributable to shareholders of the parent company reached RMB 2,678,151,503.19 in 2011, an increase of 7.41% from RMB 2,493,285,987.98 in 2010[156]. - The total equity at the end of 2011 was 2.25 billion RMB, an increase from 2.18 billion RMB at the end of 2010, reflecting a positive change in owners' equity[174]. Shareholder Information - As of December 31, 2011, the total number of shareholders was 43,564, which increased to 43,972 by February 29, 2012[23]. - The largest shareholder, Wuhan Commercial Union Group Co., Ltd., holds 10.17% of shares, totaling 69,249,323 shares[23]. - The top 10 shareholders collectively hold 50.03% of the company's shares[23]. - Wuhan Commercial Union Group and its affiliates hold a combined total of 87,814,563 shares, representing 12.89% of the total share capital[25]. - The company has distributed a total cash dividend of CNY 481.4687 million since its listing in 1997, actively returning value to shareholders[126]. Business Expansion and Strategy - The company has expanded its business scope to include logistics and real estate sales, enhancing its market presence[7]. - The company plans to continue investing in new product development and technology to drive future growth[6]. - The company is focused on strategic acquisitions to enhance its competitive position in the market[6]. - The company plans to promote rapid development of its main business through a share swap merger with Wuhan Zhongshang Group, as approved by the board on September 28, 2011[55]. - The company aims to open 100 new outlets in 2012, including 20 for warehouse stores and 80 for convenience stores[96]. Internal Control and Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring transparency for investors[5]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations since its listing[49]. - The company has implemented necessary internal controls to ensure the accuracy of its financial reporting[179]. - The audit committee has reviewed and approved the financial statements for the year ending December 31, 2011, confirming their compliance with accounting standards[121]. - The company has established and strictly implemented the "Insider Information Registrant Management System" and "External Information Reporting Management System" to ensure fair information disclosure[129]. Compensation and Management - The company reported a total compensation of 898,440 CNY for the chairman, with a year-end shareholding increase from 51,439 to 60,439 shares[31]. - The total compensation for the general manager was 728,380 CNY, with a year-end shareholding increase from 48,525 to 50,025 shares[31]. - The total annual compensation for directors, supervisors, and senior management is 6.943 million yuan[44]. - The company has implemented a performance-based salary management system for directors and senior management, with the 2010 performance salary plan approved in August 2011[124]. Market and Sales Performance - The company’s sales in Hubei province amounted to 13.403 billion yuan, accounting for 96.67% of total revenue, with a growth of 18.15%[78]. - The company’s supermarket segment generated 13.303 billion yuan in revenue, making up 95.95% of total revenue[78]. - The company has seen stock increases in the secondary market due to executive share purchases[32]. - The company is focusing on expanding its e-commerce presence by leveraging its physical resources to enhance online supermarket operations[97]. Investment and Financial Management - The company raised a total of 611,017,184.70 yuan from a rights issue, with a net amount of 590,980,137.42 yuan after deducting issuance costs[66]. - The company has not experienced any major investment events during the reporting period[77]. - The company has allocated up to RMB 300 million of idle funds for short-term bank wealth management products[112]. - The company has not used idle raised funds to temporarily supplement working capital during the reporting period[109]. Compliance and Regulatory Matters - The company has not received any administrative regulatory measures from supervisory authorities during the reporting period[50]. - The company did not engage in any related party transactions during the reporting period, and there were no violations regarding the use of funds by major shareholders or their affiliates[136]. - There were no significant penalties or investigations by the China Securities Regulatory Commission during the reporting period[151].