ZBJT(SZ:000759)2014-10-17 16:00Financial Performance - The company's total revenue for the year reached CNY 11.87 billion, representing a 17.60% increase compared to the previous year[11]. - Net profit attributable to shareholders was CNY 250.93 million, up 17.59% year-on-year[11]. - The net cash flow from operating activities amounted to CNY 814.92 million, reflecting a 19.38% increase from the prior year[11]. - The total assets of the company at the end of the year were CNY 5.87 billion, a 26.43% increase compared to the previous year[11]. - The company's equity attributable to shareholders increased by 45.00% to CNY 2.49 billion[11]. - Basic earnings per share were CNY 0.37, a decrease of 2.63% compared to the previous year[11]. - The weighted average return on equity was 10.72%, down 2.31 percentage points from the previous year[11]. - The company reported a net profit of CNY 214.86 million after deducting non-recurring gains and losses, which is a 12.85% increase year-on-year[11]. - The company achieved a total operating revenue of 11.872 billion yuan, representing a year-on-year growth of 17.60%[72]. - The net profit for the period was 251 million yuan, an increase of 17.59% compared to the previous year[72]. Shareholder Information - The largest shareholder, Wuhan Shangan Group, holds 10.16% of the shares, while the top ten shareholders collectively own 56.83% of the company[24]. - The company has no controlling shareholder, with the first major shareholder holding a total of 11.47% when combined with its subsidiary[25]. - The total number of shareholders as of December 31, 2010, was 37,036[24]. - The company’s stock was listed on the Shenzhen Stock Exchange on February 10, 2010, following the completion of the rights issue[23]. - The company’s shareholding structure includes various domestic and foreign institutional investors, with UBSAG holding 1.73%[24]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, as evidenced by the presence of independent directors and their roles in oversight[37]. - The company has established detailed rules for the board of directors, supervisory board, and management to ensure compliance with laws and regulations[48]. - The company has five independent directors who actively participate in board meetings and provide valuable opinions and suggestions[49]. - The company has maintained a consistent leadership structure with key executives serving since 2008, ensuring stability and continuity in management[31]. - The independent directors have not reported any stockholding changes, indicating a focus on governance rather than personal investment[30]. Employee Information - As of December 31, 2010, the company had a total of 34,468 employees, with 56.66% holding a junior high school or lower education level[45]. - The company has a total of 1,636 employees with a bachelor's degree or higher, representing 4.75% of the workforce[45]. - The company has a total of 30,418 sales personnel, accounting for 88.25% of the total workforce[46]. - The total compensation for the chairman during the reporting period was 1,045,164 RMB, reflecting the company's commitment to rewarding leadership[30]. - The total annual compensation for current directors, supervisors, and senior management amounts to 7.5311 million yuan[43]. Internal Control and Compliance - The company has established a comprehensive internal control system covering financial management, operational management, procurement, sales, and administrative management[51]. - The company has implemented a unified POS-ERP information management system across its four major retail formats, enhancing real-time monitoring and management of stores[57]. - The company has not engaged in any related party transactions during the reporting period, adhering to its internal control guidelines[59]. - The company has established a sound internal control system, with no violations reported by senior management during the period[113]. - The company has adhered to its fundraising management policies, with no misuse of raised funds reported[114]. Market Expansion and Operations - The company expanded its chain network to a total of 679 stores, including 154 warehouse supermarkets and 520 convenience stores[73]. - The company’s market revenue in Hubei province reached 11.344 billion yuan, accounting for 95.55% of total revenue, with a growth rate of 17.80%[72]. - The company plans to enhance its logistics system, ensuring the completion of the Jiangxia fresh logistics distribution center in 2011, and accelerate the planning and construction of additional distribution centers[85]. - The company aims to strengthen its internal control systems and risk management capabilities to support its rapid expansion and mitigate financial risks[88]. - The company plans to enhance its fresh produce operations and upgrade store facilities to improve competitiveness in the fresh food segment[86]. Financial Management - The company has established a series of financial management regulations, including a core financial management system to oversee funds and expenses[56]. - The company reported a cumulative use of raised funds amounting to 252.145 million yuan, with a remaining balance of 338.835 million yuan[61]. - The company raised a total of CNY 611,017,184.70 through a share placement, with a net amount of CNY 590,980,137.42 after deducting issuance costs[60]. - The company has committed to supplementing the shortfall in raised funds of RMB 33,764.1 million with its own funds[94]. - The company has received a positive verification report from the accounting firm regarding the use of raised funds, confirming compliance with regulations[96]. Audit and Financial Reporting - The audit report issued by Wuhan Zhonghuan CPA was a standard unqualified opinion, indicating a thorough audit process[107]. - The company has maintained a long-term relationship with Wuhan Zhonghuan CPA since 1997, ensuring consistent quality in financial audits[107]. - The audit committee reviewed the financial statements for the year ended December 31, 2010, confirming that they reflect the company's financial position and operating results accurately[106]. - The company has adhered to the accounting standards, ensuring that the financial statements fairly represent its financial condition and results of operations[154]. - The financial statements of subsidiaries must be adjusted based on the fair value of identifiable assets and liabilities on the acquisition date[174].