n.n.store(SH:600712)2019-06-13 16:00Financial Performance - The company's operating revenue for 2017 was CNY 2,321,009,142.80, representing a 5.16% increase compared to CNY 2,207,155,178.57 in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 1,770,811.55, a significant recovery from a loss of CNY 34,276,407.26 in 2016, marking a 105.17% increase[18]. - The total profit reached 8.15 million RMB, reflecting a significant year-on-year growth of 125.76%[34]. - Net profit attributable to shareholders was 1.77 million RMB, up 105.17% compared to the previous year[34]. - The company reported a significant improvement in the net profit after deducting non-recurring gains and losses, which was negative CNY 9,197,519.74 in 2017, compared to a loss of CNY 35,971,548.43 in 2016, marking a 255.69% improvement[18]. - The company reported a significant increase in high-tech industry investment, with a growth rate of 10.0% in 2017[62]. - The company reported a total profit of ¥8,153,392.41, recovering from a loss of ¥31,657,184.56 in the previous period[155]. - The company reported a net profit attributable to ordinary shareholders of RMB 1,770,811.55, with a cash dividend payout ratio of 92.27% for the year 2017[71]. Cash Flow and Liquidity - The net cash flow from operating activities for 2017 was negative CNY 163,603,705.44, a decline of 205.16% compared to a positive cash flow of CNY 155,578,009.32 in 2016[18]. - The company experienced a net cash outflow from operating activities of 163.60 million RMB, a decline of 205.16% compared to the previous year[36]. - The net cash flow from operating activities was -163,603,705.44 RMB, compared to 155,578,009.32 RMB in the previous period, indicating a significant decline in operational cash generation[162]. - Total cash inflow from operating activities was 2,823,094,591.43 RMB, while cash outflow was 2,986,698,296.87 RMB, resulting in a net cash outflow of 163,603,705.44 RMB[162]. - Cash inflow from financing activities amounted to 526,917,173.06 RMB, with cash outflow totaling 327,535,295.06 RMB, leading to a net cash inflow of 199,381,878.00 RMB[163]. - The company received 360,000,000.00 RMB in borrowings, an increase from 175,000,000.00 RMB in the previous period, reflecting a strategy to enhance liquidity[165]. - The total cash inflow from investment activities was 6,430,325.00 RMB, while cash outflow was 6,412,197.13 RMB, resulting in a slight net cash inflow of 18,127.87 RMB[162]. Assets and Liabilities - The total assets at the end of 2017 were CNY 2,237,802,076.34, a slight decrease of 0.21% from CNY 2,242,623,263.48 in 2016[18]. - The total current assets increased to 724.77 million yuan from 680.93 million yuan, reflecting a growth of approximately 6.2% year-over-year[148]. - The total liabilities amounted to ¥1,101,479,986.36, which is an increase from ¥1,064,196,015.63, reflecting a growth of about 3.52%[152]. - The total equity attributable to shareholders reached ¥1,234,716,605.95, up from ¥1,203,212,495.05, reflecting a growth of about 2.00%[152]. - The retained earnings increased to ¥266,452,648.48 from ¥238,098,948.67, indicating a rise of approximately 11.93%[152]. Shareholder Information - The largest shareholder, Nanning Peining Asset Management Co., Ltd., holds 99,361,645 shares, accounting for 18.24% of the total shares[95]. - Qianhai Life Insurance Co., Ltd. - Haili holds 60,945,757 shares, representing 11.19% of the total shares[95]. - The total shares held by the top ten unrestricted shareholders amount to 99,361,645 shares, with the largest shareholder being Nanning Peining Asset Management Co., Ltd.[96]. - The report indicates that there are no related party transactions among the top shareholders, ensuring independent decision-making[96]. - The actual controller of the company is the Nanning Municipal Government State-owned Assets Supervision and Administration Commission[101]. Business Operations and Strategy - The retail business accounted for 96.33% of total operating revenue, with department store revenue contributing 51.09%[26]. - The company implemented a transformation strategy focusing on upgrading its business model and enhancing marketing efforts through "Internet+" applications[33]. - The company plans to implement a "smart retail" strategy to create new growth drivers in 2018[65]. - The company aims to enhance its core competitiveness through transformation and upgrading initiatives[65]. - The company is focusing on improving its human resource management to address talent shortages that may hinder its strategic goals[67]. - The company plans to continue its focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[176]. Corporate Governance and Compliance - The company has retained Sichuan Huaxin (Group) CPA as its auditor for the 2017 financial report, with an audit fee of RMB 310,000[74]. - There are no significant litigation or arbitration matters reported for the year 2017[76]. - The company has not disclosed any major related party transactions during the reporting period[78]. - The company has established a mechanism for selecting and using personnel that aligns with the socialist market economy and modern enterprise system[102]. - The company has maintained independence in operations, ensuring no interference from controlling shareholders in decision-making[124]. Social Responsibility and Community Engagement - In 2017, the company supported three designated poverty alleviation villages, improving infrastructure and living conditions, contributing to poverty alleviation efforts[81]. - The company raised a total of 36,798.3 RMB in donations during the "Poverty Alleviation Day" event, aimed at improving living conditions in targeted poverty-stricken villages[82]. - The company invested 222,000 RMB in building and repairing facilities in targeted poverty alleviation villages, benefiting 316 households and 1,192 individuals[88]. - The company was recognized as an "Advanced Work Unit in Poverty Alleviation" in Wuming District in 2017[86]. - The company has committed to continue supporting poverty alleviation efforts, focusing on targeted assistance to households and encouraging employee participation[87].