CCEG(SH:600697)2019-04-09 16:00Financial Performance - In 2018, the company's operating revenue reached approximately CNY 15.60 billion, representing an increase of 11.58% compared to CNY 13.98 billion in 2017[20]. - The net profit attributable to shareholders of the listed company was CNY 259.78 million, a decrease of 14.88% from CNY 305.18 million in the previous year[20]. - The net cash flow from operating activities was CNY 1.57 billion, down 5.16% from CNY 1.66 billion in 2017[20]. - The total assets of the company at the end of 2018 were CNY 22.42 billion, an increase of 3.03% from CNY 21.76 billion at the end of 2017[20]. - The basic earnings per share for 2018 were CNY 1.63, a decrease of 15.10% from CNY 1.92 in 2017[21]. - The weighted average return on net assets was 10.72%, slightly up by 0.04 percentage points from 10.68% in the previous year[21]. - The total profit for the company was 820.17 million yuan, a decrease of 2.88% compared to the previous year, while the net profit attributable to shareholders was 259.78 million yuan, down 14.88% year-on-year[38]. - The company achieved operating revenue of CNY 15,599,919,717.89 in 2018, representing a year-on-year growth of 11.58%[46]. - The overall gross profit margin increased from 21% in 2016 to 23.28% in 2018, indicating a positive trend in profitability[45]. Revenue Breakdown - In 2018, the total operating revenue reached approximately CNY 8.02 billion, with a gross profit margin of 20.36%[30]. - The total revenue from the chain supermarket segment was approximately CNY 2.52 billion, with a gross profit margin of 19.49%[31]. - The revenue from the supermarket segment grew by 31.20% year-on-year, with a gross profit margin increase of 0.12 percentage points[45]. - The rental service segment generated revenue of CNY 220,057.29 million, with a year-on-year growth of 17.33%[47]. - The food and daily necessities category generated revenue of CNY 4,706,091,733.74, with a gross profit margin of 17.61%[49]. - The company reported a significant increase in revenue from other operating departments, which grew by 141.24% year-on-year[45]. Store Operations and Expansion - The company opened 10 new stores during the reporting period, including 4 department stores and 5 chain supermarkets, successfully completing its annual new store opening plan[39]. - The company operates 42 shopping centers, 3 large comprehensive stores, and 76 chain supermarkets, with a total of 140 stores, showcasing its strong market position and scale advantages[35]. - The company has expanded its self-operated product categories to cover 77 major categories and 17,000 varieties, enhancing its market competitiveness and consumer loyalty[41]. - The company is expanding its footprint in various provinces, including a presence in Beijing and Hainan with chain supermarkets[72]. - The company has a total of 19 other operating departments, with 16 located in Jilin Province, showcasing its regional focus[72]. Financial Management and Investments - The company has made equity investments totaling CNY 62,254.25 million, including a 53.78% stake in Baobai Group and a 90.42% stake in Xining Dabaisheng[95]. - The company has invested CNY 22,700 million in its wholly-owned subsidiary, Changchun Eurasia Beihu Trading Co., Ltd., reaching a 100% stake[96]. - The company has established a logistics information system to enhance its logistics management capabilities[88]. - The company has a procurement team that ensures quality and reduces procurement risks by directly cooperating with well-known brands[89]. Corporate Governance and Compliance - The company emphasizes the importance of improving information disclosure quality to protect investors' rights[110]. - The company will strengthen investor relations management to enhance transparency and investor satisfaction[111]. - The independent directors have expressed their opinion on the reasonableness of the cash dividend for 2018, considering the company's operational and financial conditions[125]. - The company has implemented a governance structure that ensures accurate and timely disclosure of important information to stakeholders[152]. Social Responsibility and Community Engagement - The company has implemented a poverty alleviation plan focusing on project and employment support, with a total investment of 22.86 million RMB[146]. - The company helped 14 registered impoverished individuals to escape poverty during the reporting period[149]. - The company has provided over 100,000 direct employment opportunities and indirectly created over 300,000 jobs through the acquisition of more than 40 struggling enterprises[153]. - The company is committed to poverty alleviation, implementing targeted poverty alleviation strategies that include industry development and employment training[153]. Future Outlook and Strategic Plans - In 2019, the company expects to achieve operating revenue of 1,560 million yuan and total profit of 820 million yuan[110]. - The company plans to open 3-5 new stores in 2019, including 1 shopping center and 2-4 chain supermarkets[115]. - The company aims to enhance self-sourcing and self-operation, increasing the rate of self-sourced and self-operated products[117]. - The company is adapting to the modern commercial development trends and aims to build a modern retail upgrade version to enhance its comprehensive competitiveness[108].