证券代码：002697 证券简称：红旗连锁 编号：2022--04 | --- | --- | --- | --- | --- | --- | |---------------------|----------------------------------|----------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | | 类别 | □媒体采访 | □业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | | | □现场参观 | | | | | | | √其他 投资者线上交流 | | | | | | 参与单位名称及 | | 海通证券研究所、国泰君安证券股份有限公司、粤开证券股份 | | | | | 人员姓名 | | 有限公司、上海楷泰投资管理有限公司、广东壹宸投资管理有 | | | | | | | 限公司、上海明河投资管理有限公司、上海尚近投资管理合伙 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,689,953,356.15, representing a year-on-year increase of 9.18%[7] - The net profit attributable to shareholders for the same period was ¥134,329,354.55, up 5.04% compared to the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥130,669,284.25, reflecting a 5.03% increase year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.10, an increase of 11.11% compared to the same period last year[7] - The net profit for the current period is 357,176,289.60, an increase from 348,780,609.08 in the previous period, representing a growth of approximately 0.11%[28] - Operating profit for the current period is 408,073,711.82, compared to 401,317,192.37 in the previous period, showing an increase of about 1.89%[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥7,808,447,389.81, which is a 3.76% increase from the end of the previous year[7] - Total assets reached ¥7,808,447,389.81, up from ¥7,525,459,819.48, marking a growth of 3.8%[22] - The total liabilities decreased slightly to ¥3,786,399,114.44 from ¥3,841,547,833.71, a reduction of 1.4%[23] - The equity attributable to shareholders reached ¥4,022,048,275.37, marking a 9.18% increase compared to the previous year[7] - The equity attributable to shareholders increased to ¥4,022,048,275.37 from ¥3,683,911,985.77, reflecting a growth of 9.2%[23] Cash Flow - The company reported a net cash flow from operating activities of ¥956,942,286.08, which is a significant increase of 41.83% year-on-year[7] - Cash flow from operating activities for the current period is 956,942,286.08, up from 674,722,579.47 in the previous period, indicating a growth of approximately 42%[34] - The total cash and cash equivalents at the end of the period is 1,675,842,420.38, compared to 969,874,557.73 at the end of the previous period, marking an increase of approximately 73%[34] - The company's cash and cash equivalents increased to ¥1,675,842,420.38 from ¥1,241,108,700.70, representing a growth of 35%[19] - The cash flow from investment activities shows a net inflow of 10,742,726.04, a significant improvement from a net outflow of -432,454,344.27 in the previous period[34] Costs and Expenses - Total operating costs amounted to ¥7,251,893,105.06, up from ¥6,730,008,114.90, reflecting a year-over-year increase of 7.7%[24] - The company reported interest expenses of 47,153,530.35, down from 55,761,524.03 in the previous period, indicating a decrease of about 15.5%[28] Investment Income - The company achieved an investment income of ¥62,701,200 from investments in Xinwang Bank and Gansu Hongqi, which decreased by 35.25% year-on-year[12] - The company achieved investment income of 68,948,020.24, compared to 101,595,979.81 in the previous period, reflecting a decrease of approximately 32%[28] - The main business net profit, excluding investment income, was ¥294,000,000, reflecting a growth of 16.67% compared to the previous year[12] Shareholder Information - The company has a total of 64,672 common shareholders at the end of the reporting period[13] Future Outlook - The company plans to expand its market presence and invest in new product development, although specific details were not provided in the earnings call[24] - Future guidance indicates a focus on cost management and operational efficiency to sustain growth in the upcoming quarters[24]

成都红旗连锁股份有限公司 2022 年半年度报告全文 成都红旗连锁股份有限公司 2022 年半年度报告 2022 年 8 月 1 成都红旗连锁股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人曹世如、主管会计工作负责人陈慧君及会计机构负责人(会计 主管人员)陈慧君声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告"第三节 管理层讨论与分析"中"第十 公司面临的风险 和应对措施"中详细描述了公司经营中可能存在的风险，敬请投资者阅读并 注意风险。 本半年度报告所涉及的公司未来展望，经营计划等前瞻性陈述不构成对 投资者的实质承诺，请认真阅读注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 成都红旗连锁股份有限公司 2022 年半年度报告全文 目录 | --- | --- | |------------------------------------- ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,440,668,256.41, representing a year-on-year increase of 7.99% compared to CNY 2,260,117,448.27 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was CNY 122,109,239.31, a decrease of 1.58% from CNY 124,070,436.97 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was CNY 116,580,588.80, down 4.73% from CNY 122,371,299.76 year-on-year[3]. - Total operating revenue for the first quarter was CNY 2,440,668,256.41, an increase of 8.0% compared to CNY 2,260,117,448.27 in the previous year[24]. - Net profit for the quarter was CNY 122,109,239.31, slightly down from CNY 124,044,580.16, indicating a decrease of 1.6% year-over-year[26]. - The net profit attributable to the parent company was approximately ¥122.11 million, compared to ¥124.07 million in the previous period, reflecting a decrease of about 1.58%[30]. - The total comprehensive income attributable to the parent company was approximately ¥122.11 million, slightly down from ¥124.07 million, indicating a similar decline of about 1.58%[30]. - The basic and diluted earnings per share remained stable at ¥0.09, unchanged from the previous period[30]. Cash Flow - The net cash flow from operating activities increased significantly to CNY 136,956,594.43, a year-on-year growth of 1,172.50% compared to a negative cash flow of CNY -12,769,902.99 last year[3]. - The net cash flow from operating activities was approximately ¥136.96 million, a significant improvement from a net outflow of ¥12.77 million in the previous period[33]. - Cash inflows from operating activities totaled approximately ¥2.84 billion, compared to ¥2.58 billion in the previous period, marking an increase of about 10.4%[33]. - Cash outflows from operating activities were approximately ¥2.70 billion, up from ¥2.59 billion, representing an increase of about 4.3%[33]. - The net cash flow from investing activities was approximately -¥22.90 million, an improvement from -¥430.81 million in the previous period[36]. - The company reported a net cash outflow from financing activities of approximately -¥150.61 million, compared to -¥646.29 million in the previous period, indicating a reduction in cash outflow[36]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,447,160,931.10, a decrease of 1.04% from CNY 7,525,459,819.48 at the end of the previous year[3]. - Current assets totaled CNY 3,632,395,995.62, an increase of 2.9% from CNY 3,529,493,034.43 at the start of the year[19]. - Inventory increased to CNY 1,810,391,981.25, up from CNY 1,664,401,148.43, representing a growth of 8.7%[19]. - Total liabilities decreased to CNY 3,641,139,706.02 from CNY 3,841,547,833.71, a reduction of 5.2%[22]. - The company's total assets at the end of the quarter were CNY 7,447,160,931.10, a decrease from CNY 7,525,459,819.48 at the beginning of the year[22]. - The company's equity attributable to shareholders rose to CNY 3,806,021,225.08, compared to CNY 3,683,911,985.77 at the beginning of the year, reflecting an increase of 3.3%[22]. - The equity attributable to shareholders increased by 3.31% to CNY 3,806,021,225.08 from CNY 3,683,911,985.77 at the end of the previous year[3]. Operational Insights - The decline in net profit was primarily due to a 32.59% decrease in investment income from investments in Xinwang Bank and Gansu Hongqi, which contributed CNY 21,000,000 to the net profit[7]. - The company has undertaken store clean-up and integration efforts, resulting in steady sales growth and increased cash inflow during the first quarter[7]. - The total number of ordinary shareholders at the end of the reporting period was 59,401[8]. - Total operating costs amounted to CNY 2,327,296,199.84, up from CNY 2,152,747,198.57, reflecting a year-over-year increase of 8.1%[26]. - Cash and cash equivalents at the end of the quarter were CNY 1,204,551,454.00, down from CNY 1,241,108,700.70, a decrease of 2.9%[19]. - The company reported a financial expense of CNY 20,311,116.34, which increased from CNY 15,205,627.67, indicating a rise of 33.5% year-over-year[26].

Financial Performance - The company reported a total revenue of 1,360,000,000 RMB for the year 2021, with a cash dividend of 0.14 RMB per 10 shares distributed to all shareholders[7]. - The company's operating revenue for 2021 was ¥9.35 billion, an increase of 3.29% compared to ¥9.05 billion in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥481.33 million, a decrease of 4.66% from ¥504.87 million in 2020[30]. - The net profit after deducting non-recurring gains and losses was ¥438.55 million, down 4.01% from ¥456.86 million in 2020[30]. - The net cash flow from operating activities increased by 109.52% to ¥1.04 billion from ¥494.65 million in 2020[30]. - The total assets at the end of 2021 were ¥7.53 billion, representing a 22.95% increase from ¥6.12 billion at the end of 2020[30]. - The company achieved a net profit of ¥4.81 billion in 2021, primarily impacted by a slight decrease in gross profit margin due to market challenges[47]. - The company reported a basic earnings per share of ¥0.35, down 5.41% from ¥0.37 in 2020[30]. - The weighted average return on equity was 13.40%, a decrease of 2.18% from 15.58% in 2020[30]. - The total sales revenue for 2021 reached ¥9,351,070,833.62, representing a year-on-year increase of 3.29% compared to ¥9,053,380,331.60 in 2020[62]. - The total operating costs for 2021 amounted to ¥6,576,931,125.49, which is a 2.97% increase from ¥6,387,371,423.22 in 2020[63]. Store Operations - The company had 3,602 stores as of December 31, 2021, with a sales revenue of ¥10.46 billion, a steady increase of 3.35% year-on-year[47]. - The company opened 412 new stores in 2021 while closing 146 stores, and upgraded 193 existing stores, indicating a strategic focus on optimizing store performance[58]. - The company’s store network consists of 3,602 locations, primarily concentrated in the Chengdu area, with a significant presence in 23 districts[57]. - The company plans to expand its store network with a target of opening 1,000 new stores in three years, focusing on both new openings and adjustments to underperforming stores[94]. Customer Engagement - The company’s registered membership exceeded 5 million, with in-store customer visits surpassing 400 million, highlighting strong customer engagement[54]. - The sales revenue from food products was approximately ¥4.45 billion, accounting for 47.55% of total revenue, while tobacco and alcohol sales increased by 14.38% year-on-year[59]. Strategic Focus and Risks - The company has outlined potential risks in its future development outlook, which investors should pay attention to[7]. - The company faces risks from macroeconomic trends that could impact consumer demand, with a potential slowdown in economic growth affecting consumer confidence[94]. - Rising operational costs, including rental and labor expenses, pose a significant risk to the company's profitability[95]. - The retail industry is highly competitive, and the company is adopting a differentiated competition strategy to maintain its market position[95]. Governance and Management - The company has a structured governance framework, including rules for shareholder meetings, board meetings, and supervisory meetings[107]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[112]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholder[113]. - The management team includes experienced professionals with backgrounds in finance, management, and academia, enhancing the company's strategic capabilities[124][125]. - The company has a commitment to transparency in its financial reporting and governance practices[135]. Shareholder Engagement - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal regulations and providing institutional protection for minority shareholders[107]. - The annual shareholder meeting had a participation rate of 28.36% on April 29, 2021[114]. - The first extraordinary shareholder meeting of 2021 had a participation rate of 28.21% on September 7, 2021[114]. - The total shareholding of 327,420,000 shares held by the chairwoman accounted for 24.08% of the total share capital[123]. - The company reported a cash dividend of 0.14 CNY per 10 shares, totaling 19,040,000 CNY for the reporting period[160]. Corporate Social Responsibility - The company donated over 100 million yuan to social welfare and charity initiatives, with the chairman personally contributing over 20 million yuan[179]. - In 2021, the company paid over 500 million yuan in taxes and social security contributions[179]. - The company is actively involved in the community and maintains a strong corporate social responsibility profile[130]. - The company engaged in rural revitalization efforts, signing strategic cooperation agreements to support modern agriculture and directly purchasing thousands of tons of fruits and vegetables from local farmers[184]. Internal Controls and Compliance - The company has established a comprehensive internal control system, ensuring effective governance and management practices[164]. - There were no significant internal control deficiencies identified during the reporting period[165]. - The internal control audit report issued by the accounting firm confirmed that the company maintained effective financial reporting controls as of December 31, 2021[172]. - The company has no significant differences in governance practices compared to the regulations set by the China Securities Regulatory Commission[109]. Employee Management - The total number of employees at the end of the reporting period was 15,954, with 4,902 in the parent company and 11,052 in major subsidiaries[151]. - The company emphasizes a salary distribution system that links compensation to job responsibilities and individual performance[155]. - The training plan includes enhancing employee skills in areas such as management techniques and cost management[156]. Financial Adjustments and Standards - The company implemented the new leasing standard starting January 1, 2021, affecting the measurement of lease liabilities and right-of-use assets[196]. - As a lessee, the company recognized a right-of-use asset of approximately ¥1.35 billion and lease liabilities of approximately ¥752.59 million as of January 1, 2021[198]. - The company reported a decrease in prepaid expenses by approximately ¥185.48 million due to the adoption of the new leasing standard[198]. - The company did not change its accounting firm during the reporting period[200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,463,732,426.45, representing a year-on-year increase of 7.56%[3]. - The net profit attributable to shareholders for the same period was ¥127,880,556.61, a decrease of 9.90% compared to the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥124,406,357.94, down 10.06% year-on-year[3]. - The basic earnings per share for Q3 2021 was ¥0.09, a decrease of 10.00% year-on-year[3]. - Total operating revenue for the current period reached ¥7,000,457,648.44, an increase of 2.8% compared to ¥6,808,548,852.48 in the previous period[25]. - Net profit for the current period was ¥348,780,609.08, a decrease of 13.4% from ¥402,853,956.26 in the same period last year[28]. - Earnings per share (EPS) for the current period was ¥0.26, down from ¥0.30 in the previous period[31]. - The total profit for the current period was ¥399,947,209.21, down from ¥459,262,854.92 in the previous period[28]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥7,605,689,120.61, an increase of 24.26% compared to the end of the previous year[3]. - The total assets of Chengdu Hongqi Chain Co., Ltd. as of September 30, 2021, amounted to CNY 7,605,689,120.61, an increase from CNY 6,120,784,252.27 as of December 31, 2020[18]. - The company's current assets decreased to CNY 3,390,741,712.70 from CNY 3,866,935,809.64 year-over-year[18]. - The total liabilities rose to CNY 4,026,920,459.60 from CNY 2,675,916,200.34, indicating a substantial increase of about 50.5%[21]. - The total liabilities increased from 2,675,916,200.34 to 4,008,220,941.26, indicating an increase of 1,332,304,740.92[43]. - The company's equity attributable to shareholders increased to CNY 3,577,992,594.29 from CNY 3,443,640,866.92, representing a growth of approximately 3.9%[24]. - The total equity attributable to shareholders remained stable at 3,443,640,866.92[43]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥674,722,579.47, showing a significant increase of 7,553.16%[3]. - Cash flow from operating activities totaled ¥7,928,384,166.76, an increase of 4.4% compared to ¥7,592,284,328.35 in the prior period[32]. - The company recorded a net increase in cash from operating activities of ¥68,193,396.31, compared to ¥46,341,209.39 in the previous period[32]. - The net cash flow from operating activities was 674,722,579.47, a significant increase compared to 8,816,266.26 from the previous period[35]. - The total cash and cash equivalents at the end of the period were 969,874,557.73, down from 1,526,116,205.26 in the previous period[35]. - The total cash outflow from investing activities was 1,087,575,399.68, compared to 105,839,353.02 in the previous period, resulting in a net cash flow from investing activities of -432,454,344.27[35]. - The cash flow from financing activities showed a net outflow of -1,269,042,660.63, compared to a net inflow of 375,770,020.06 in the previous period[35]. Operational Highlights - The company opened 355 new stores during the reporting period, bringing the total number of stores to 3,669[7]. - The company plans to continue expanding its market presence, primarily within Sichuan Province, despite closing 22 stores[7]. - The company has not undergone an audit for the third-quarter report, indicating preliminary figures[45]. - Chengdu Hongqi Chain Co., Ltd. reported its third-quarter performance for 2021, with a focus on revenue growth and operational efficiency[44]. Inventory and Receivables - Inventory increased significantly to CNY 1,763,645,133.84 from CNY 1,291,479,399.29, reflecting a growth of approximately 36.5%[18]. - Accounts receivable decreased to CNY 42,186,712.97 from CNY 75,433,226.29, a decline of about 44.2%[18]. Other Financial Metrics - The weighted average return on equity was 3.65%, down 0.89% from the previous year[3]. - The company reported a decrease in other payables to CNY 71,185,640.82 from CNY 96,774,724.74, a reduction of approximately 26.5%[21]. - The company's long-term equity investments increased to CNY 865,343,933.04 from CNY 768,505,714.64, reflecting a growth of about 12.6%[18]. - The implementation of new leasing standards has been noted, affecting the comparison of prior period data[45]. - The company reported a decrease in interest expenses to ¥1,955,715.01 from ¥5,909,979.94 in the prior period[25]. - Other income increased to ¥29,271,679.02 from ¥16,867,184.99 in the previous period[25].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 4,536,725,221.99, representing a 0.42% increase compared to CNY 4,517,947,401.96 in the same period last year[28]. - The net profit attributable to shareholders of the listed company decreased by 15.20% to CNY 221,351,170.76 from CNY 261,025,266.45 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 19.90% to CNY 197,065,510.77 compared to CNY 246,031,711.11 in the previous year[28]. - The company achieved a total sales revenue of 5.073 billion yuan, representing a year-on-year increase of 1.54%[43]. - The net profit attributable to shareholders for the reporting period was 221 million yuan, with a main business net profit of 159 million yuan, a year-on-year decrease of 21.41%[43]. - The company's operating income for the reporting period was 4.54 billion yuan, a slight increase of 0.42% compared to 4.52 billion yuan in the same period last year[52]. - The main business income was 4.21 billion yuan, with a year-on-year decrease of 0.73% attributed to the high base effect from the previous year[49]. - The company reported a significant increase in investment income to CNY 28,288,996.58 in the first half of 2021, up from CNY 13,608,798.75 in the same period of 2020, marking an increase of approximately 108.5%[167]. - The comprehensive income for the period amounted to approximately $221.35 million, reflecting the company's performance during the half-year[199]. Cash Flow and Assets - The net cash flow from operating activities significantly improved to CNY 399,039,180.35, a 683.90% increase from a negative cash flow of CNY -68,340,489.66 in the same period last year[28]. - Cash flow from operating activities generated a net inflow of CNY 399.04 million, a turnaround from a net outflow of CNY 68.34 million in the first half of 2020[186]. - The ending cash and cash equivalents balance was CNY 955.71 million, down from CNY 1.49 billion at the end of the first half of 2020[189]. - Total current assets amounted to CNY 3,269,749,958.50, a decrease of 15.5% from CNY 3,866,935,809.64 on December 31, 2020[151]. - Cash and cash equivalents decreased to CNY 955,711,590.56 from CNY 2,007,375,932.72, representing a decline of 52.3%[148]. - Total assets reached CNY 7,510,019,565.35, up from CNY 6,120,784,252.27, marking an increase of 22.7%[157]. - Total liabilities increased to CNY 3,958,251,574.25 from CNY 2,675,916,200.34, a rise of 47.7%[154]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.74 per 10 shares (including tax) based on a total of 1,360,000,000 shares[6]. - The total number of common shareholders at the end of the reporting period was 65,090, with significant shareholders including Cao Shiru holding 24.08% and Yonghui Supermarket Co., Ltd. holding 21.00%[126]. - A total of 660,000 shares were granted as restricted stock to directors and senior management, with each receiving 80,000 shares[133]. - The company did not issue any preferred shares during the reporting period[138]. Operational Developments - The company opened 264 new stores and closed 10 stores during the reporting period, resulting in a total of 3,590 stores as of June 30, 2021[40]. - The company added over 1,000 new product items in the first half of 2021 to meet consumer demand[40]. - The company has established a logistics company in Zigong to support sustainable development in the southern Sichuan region[40]. - The company continues to enhance its information technology infrastructure, focusing on improving operational efficiency and management effectiveness[42]. - The company has established a strong logistics system with three distribution centers, enhancing its resource advantages and bargaining power with suppliers[45]. Corporate Social Responsibility - The company has received recognition as a national model enterprise for energy conservation and environmental protection, contributing to reduced operational costs and carbon emissions[78]. - The company has over 17,000 employees and has donated over 100 million RMB to social causes[79]. - In the first half of 2021, the company paid 260 million RMB in taxes and social security[79]. - The company has maintained a commitment to corporate social responsibility during the COVID-19 pandemic[79]. Risks and Challenges - The company faces risks from rising operational costs due to increased rental, labor, and promotional expenses, which may pressure profitability[66]. - The company emphasizes a differentiated competitive strategy in the retail sector, focusing on convenience stores to meet diverse consumer needs[66].

Financial Performance - The company's revenue for Q1 2021 was CNY 2,260,117,448.27, a decrease of 3.64% compared to the same period last year[9] - Net profit attributable to shareholders was CNY 124,070,436.97, down 13.27% year-on-year[9] - Basic earnings per share decreased by 18.18% to CNY 0.09[9] - Despite a slight decline in Q1 2021 compared to 2020, the company showed growth in revenue, customer traffic, and average transaction value compared to Q1 2019[20] - The company recognized a profit impact of CNY 7,400,000 due to the implementation of new leasing standards starting January 1, 2021[20] - The value-added service revenue for the quarter was CNY 1,128,000,000[20] - Operating revenue decreased by 3.64% to ¥226,011.74 million, impacted by the previous year's pandemic[21] - Operating revenue for the current period was CNY 2,260,117,448.27, a decrease from CNY 2,345,432,036.27[52] - Total operating revenue for the current period was CNY 744,600,739.37, an increase from CNY 737,530,210.27 in the previous period, representing a growth of approximately 0.14%[63] - Net profit for the current period was CNY 124,044,580.16, down from CNY 143,090,634.88 in the previous period, reflecting a decrease of approximately 13.3%[58] - Total comprehensive income amounted to CNY 40,699,690.73, compared to CNY 56,443,794.12 in the previous period[69] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY -12,769,902.99, a 98.34% increase compared to the previous year[9] - Net cash flow from operating activities improved by 103.18% to -¥1,276.99 million, influenced by changes in payment timing and new leasing standards[21] - Cash inflow from operating activities totaled CNY 2,578,995,528.80, slightly down from CNY 2,580,636,178.30 in the prior period[74] - Cash outflow for purchasing goods and services was CNY 2,060,480,815.68, a decrease from CNY 2,309,032,611.11 year-over-year[74] - Net cash flow from operating activities was negative CNY 12,769,902.99, an improvement from negative CNY 401,809,265.55 in the previous period[74] - Cash flow from investing activities resulted in a net outflow of CNY 430,811,769.80, compared to a net inflow of CNY 366,438,863.74 last year[74] - Cash flow from financing activities showed a net outflow of CNY 646,287,786.88, contrasting with a net inflow of CNY 498,513,397.22 in the previous period[76] - The ending cash and cash equivalents balance was CNY 906,779,523.49, down from CNY 1,204,330,836.94 at the end of the previous period[76] Assets and Liabilities - Total assets increased by 16.61% to CNY 7,137,636,941.87 compared to the end of the previous year[9] - Trading financial assets increased to ¥400 million, a 100% increase compared to the previous year[21] - Total liabilities amounted to CNY 3,568,724,309.78, an increase from CNY 2,675,916,200.34 in the previous period[52] - Current assets totaled CNY 2,765,540,168.90, down from CNY 3,237,987,528.28[46] - Non-current liabilities totaled CNY 1,046,212,262.87, significantly higher than CNY 20,300,000.00 previously reported[52] - Total assets increased from CNY 6,120,784,252.27 on December 31, 2020, to CNY 7,453,088,993.19 on January 1, 2021, reflecting an increase of CNY 1,332,304,740.92[82] - Total liabilities increased from CNY 2,675,916,200.34 to CNY 4,008,220,941.26, an increase of CNY 1,332,304,740.92[85] - Non-current liabilities rose from CNY 20,300,000.00 to CNY 1,352,604,740.92, reflecting an increase of CNY 1,332,304,740.92[85] Financial Standards and Adjustments - The company executed a new leasing standard adjustment starting in 2021, impacting the financial statements[81] - The company adopted new leasing standards effective January 1, 2021, impacting the financial statements without retrospective adjustments[88] - The company reported a significant increase in fixed assets due to the new leasing standard implementation[88] Other Financial Metrics - The company reported a decrease in cash received from sales of goods and services, totaling CNY 878,132,342.63, compared to CNY 835,710,722.41 in the previous period[77] - Financial expenses surged by 236.81% to ¥1,520.56 million due to the implementation of new leasing standards[21] - The financial expenses for the current period were CNY 15,205,627.67, significantly higher than CNY 4,514,653.79 in the previous period, indicating an increase of approximately 236.5%[58] - Tax expenses for the current period were CNY 17,415,485.53, up from CNY 15,326,207.10, reflecting an increase of about 13.6%[58] - Other income for the current period was CNY 4,404,857.31, slightly up from CNY 4,087,130.64, indicating a growth of approximately 7.8%[58]

Financial Performance - The company reported a total revenue of 1,360,000,000 RMB for the year 2020, with a cash dividend of 0.84 RMB per 10 shares distributed to all shareholders[7]. - The company's operating revenue for 2020 was ¥9,053,380,331.60, an increase of 15.73% compared to ¥7,822,778,964.68 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥504,872,067.98, a decrease of 2.20% from ¥516,224,087.53 in 2019[27]. - The net profit after deducting non-recurring gains and losses was ¥456,856,920.59, down 7.43% from ¥493,543,607.75 in 2019[27]. - The net cash flow from operating activities increased by 79.48% to ¥494,649,969.04 from ¥275,596,691.39 in 2019[27]. - The total assets at the end of 2020 were ¥6,120,784,252.27, a 19.83% increase from ¥5,107,757,768.13 at the end of 2019[27]. - The weighted average return on equity for 2020 was 15.58%, down from 18.25% in 2019[27]. - The total operating cost for 2020 was 6,387,371,423.22 CNY, an increase of 18.15% from 5,406,264,301.44 CNY in 2019[62]. - The cash inflow from operating activities totaled 10,251,731,148.86 CNY in 2020, marking a 16.14% increase from 8,826,791,562.49 CNY in 2019[70]. - The total distributable profit for 2020 was RMB 454,804,300.35, with the cash dividend representing 100% of the profit distribution[98]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[25]. - The company has maintained a differentiated competitive strategy focusing on "products + services" to enhance customer loyalty and attract new consumer groups[41]. - The company has expanded its operations into a modern technology chain integrating "cloud platform big data + products + community services + finance"[41]. - The company opened 302 new stores during the reporting period, bringing the total number of stores to 3,336 by December 31, 2020[50]. - The company has established a logistics system with three distribution centers, enhancing its supply chain efficiency[46]. - The company has invested in the Hongqi Cloud data platform to optimize financial and human resource management, improving operational efficiency[50]. - The company has expanded its market presence by establishing a joint venture in Gansu province, replicating its successful business model[50]. - The company plans to open 350 new stores in 2021, focusing on expanding its presence in Gansu and enhancing its import-export business in Hainan[87]. Risk Management - The company emphasizes the importance of risk awareness in its future outlook and operational plans[7]. - The company is facing risks related to macroeconomic conditions that could impact consumer demand and retail growth[87]. - The company has reported ongoing operational cost pressures due to rising rental and labor costs in the competitive retail market[88]. Shareholder Information - The company plans to distribute a cash dividend of RMB 0.84 per 10 shares, totaling RMB 114,240,000 for the year 2020[98]. - The cash dividend for 2019 was RMB 0.87 per 10 shares, amounting to RMB 118,320,000, while for 2018 it was RMB 0.53 per 10 shares, totaling RMB 72,080,000[94][95]. - The cash dividends over the past three years accounted for 22.63% of the net profit attributable to ordinary shareholders in 2020, 22.92% in 2019, and 22.34% in 2018[95]. - The total number of shares is 1,360,000,000, with 79.28% being unrestricted shares[154]. - Major shareholder Cao Shiru holds 24.08% of shares, totaling 327,420,000 shares, with an increase of 245,565,000 shares during the reporting period[167]. - Yonghui Supermarket Co., Ltd. holds 21.00% of shares, totaling 285,600,000 shares, with no change during the reporting period[167]. Corporate Governance - The company is committed to maintaining strong governance and transparency in its operations[197]. - The management team is dedicated to driving growth and innovation within the company[192]. - The remuneration for directors, supervisors, and senior management is determined based on their administrative positions and duties according to the company's existing compensation system[199]. - The company strictly adheres to the decision-making procedures and basis for remuneration, ensuring timely payment of salaries to directors, supervisors, and senior management[199]. Social Responsibility - In 2020, the company donated over 5,000,000 CNY to support COVID-19 prevention efforts and other social welfare initiatives[139]. - The company facilitated the sale of over 65,000,000 CNY worth of fresh agricultural products to support local farmers during the pandemic[143]. - The company has actively engaged in social responsibility initiatives, including disaster relief donations[141]. Legal and Compliance - The company did not experience any major litigation or arbitration matters during the reporting period[110]. - The company did not have any penalties or rectification situations during the reporting period[111]. - The company has no reported violations regarding external guarantees during the reporting period[135]. - The company has no significant contracts or loans reported during the reporting period[138].

Financial Performance - Operating revenue for the reporting period was ¥2,290,601,450.52, representing an increase of 11.28% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥141,932,683.74, a decrease of 16.19% year-on-year[9]. - Basic earnings per share were ¥0.10, down 16.67% from the previous year[9]. - The weighted average return on net assets was 4.54%, a decrease of 1.74% compared to the previous year[9]. - The total operating revenue for the current period is CNY 665,321,020.81, an increase of 13.5% compared to CNY 586,335,073.80 in the previous period[66]. - The net profit for the current period is CNY 141,868,241.29, a decrease of 16.2% from CNY 169,314,492.05 in the previous period[62]. - The total profit for the current period is CNY 164,219,635.15, compared to CNY 192,461,119.89 in the previous period, indicating a decrease of approximately 14.6%[62]. - Net profit for the current period was ¥402,853,956.26, slightly down from ¥406,050,661.03 in the previous period, indicating a decrease of 0.5%[76]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,798,409,136.67, an increase of 13.52% compared to the end of the previous year[9]. - Total liabilities increased to CNY 2,455,405,105.29 from CNY 2,049,287,693.01, representing a growth of approximately 19.7%[46]. - The total assets amounted to CNY 5,006,273,857.51, up from CNY 4,234,190,719.04, indicating a growth of approximately 18.2%[53]. - Current liabilities totaled CNY 2,435,105,105.29, up from CNY 2,028,987,693.01, representing an increase of approximately 20.1%[46]. - Total liabilities reached ¥1,105,155,647.53, with current liabilities at ¥1,084,855,647.53 and non-current liabilities at ¥20,300,000.00[116]. Cash Flow - Net cash flow from operating activities was ¥77,156,755.92, showing a significant increase of 28.72% compared to the same period last year[9]. - Net cash flow from operating activities decreased by 82.76% year-on-year, mainly due to increased payments to suppliers[24]. - Cash inflow from operating activities reached CNY 7,592,284,328.35, an increase from CNY 6,771,895,783.67 year-over-year[90]. - The net cash flow from operating activities was CNY 8,816,266.26, down from CNY 51,144,009.76 in the previous period[90]. - Cash inflow from investment activities totaled CNY 506,181,430.43, compared to CNY 304,801,747.12 in the prior year[92]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥3,341,726,749.13, reflecting a growth of 9.31% year-on-year[9]. - The total number of ordinary shareholders at the end of the reporting period was 61,836[13]. - The largest shareholder, Cao Shiru, holds 24.08% of the shares, while Yonghui Supermarket Co., Ltd. holds 21.00%[13]. Government Support and Donations - The company received government subsidies totaling ¥16,867,184.99, including social security and stability subsidies of ¥9.83 million[9]. - The company donated over CNY 5 million for pandemic prevention and control efforts, including purchasing thermometers and disinfectants[25]. - Other income rose by 76.92% year-on-year, mainly due to government subsidies received[23]. Operational Costs - The total operating costs amount to CNY 2,151,287,854.39, up from CNY 1,927,218,110.78, reflecting an increase of approximately 11.6%[1]. - Sales expenses have increased to CNY 526,610,631.25 from CNY 444,331,606.83, representing an increase of about 18.5%[1]. - The tax and additional charges for the current period are CNY 8,847,401.28, compared to CNY 8,213,326.61 in the previous period, showing an increase of approximately 7.7%[1]. Inventory and Other Assets - The company's inventory increased to CNY 366,202,892.75 from CNY 294,375,771.22, reflecting a growth of about 24.4%[50]. - The company's current assets totaled $2,958,624,589.24, which includes inventory valued at $1,173,016,575.09[104]. - The company reported a decrease in advance receipts from $521,091,986.70 to $1,792,101.93, indicating a reduction of $519,299,884.77[107]. Financial Standards and Reporting - The company has implemented new revenue and leasing standards starting from 2020, necessitating adjustments to the beginning balance sheet items[101]. - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[119].