Five-year Financial Summary


Consolidated Statement of Profit or Loss for the year ended 31 December

(Expressed in RMB million)

 

2018

2017

2016

2015

2014

No. of Stores

80

69

61

60

55

No. of Shopping centres

3

2

1

1

-

Revenue 10,122.0 9,655.2 10,085.7 10,660.4 10,912.0
Gross profit 1,782.2 1,736.5 1,738.5 1,831.4 1,838.0
as a % of revenue 17.6% 18.0% 17.2% 17.2% 16.8%
Other revenue and other net
  (loss)/income
224.3 563.8 124.1 491.9 478.5
Distribution and store operating costs (1,850.9) (1,707.1) (1,892.0) (1,915.1) (1,913.8)
Adminstrative expenses (260.9) (266.4) (402.5) (334.3) (350.0)
Finance costs (117.2) (101.6) (82.8) (73.8) (76.2)
Income Tax (65.9) (46.2) (22.9) (18.2) (34.9)
   
(Loss)/Profit for the year
(288.4)
179.0
(537.6)
(18.1)
(58.4)
as a % of revenue -2.8% 1.9% -5.3% -0.2% -0.5%
EBITDA
106.1
528.8
(229.7)
272.2
240.8
as a % of revenue 1.0% 5.5% -2.3% 2.6% 2.2%

Consolidated Statement of Financial Position at 31 December

(Expressed in RMB million)

 

2018

2017

2016

2015

2014
Property, plant and equipment and
     interests in leasehold land held for own
     use under operating leases


1,855.3


1,813.2


1,689.7


1,797.2


1,686.4
Goodwill 2,268.8 2,654.3 2,654.3 2,911.8 2,911.8
Cash and cash equivalents 461.4 166.1 204.9 165.8 140.1
Pledged bank deposits 61.9 59.9 59.5 59.4 71.9
Inventories 1,315.0 1,144.7 1,240.5 1,221.4 1,058.9
Trade and other receivables 1,016.6 863.5 846.5 770.8 864.5
Other assets 131.7 172.4 190.8 201.2 211.5
   
Total Assets
7,110.7
6,874.1
6,886.2
7,127.6
6,945.1
 
Loans from controlling shareholder, bank
     loans, overdrafts and other loans

1,315.5

1,186.3

1,241.2

1,085.5

1,144.2
Trade payables and other liabilities 4,388.1 3,998.2 4,122.1 3,992.1 3,790.8
   
Total Liabilities
5,703.6
5,184.5
5,363.3
5,077.6
4,935.0
   
Net Assets
1,407.1
1,689.6
1,522.9
2,050.0
2,010.1
 
Share capital 405.7 405.7 405.7 405.7 396.1
Reserves 1,001.4 1,283.9 1,117.2 1,642.7 1,612.3
Non-controlling interests - - - 1.6 1.7
   
Total Equity
1,407.1
1,689.6
1,522.9
2,050.0
2,010.1

Consolidated Cash Flow Statement for the year ended 31 December

(Expressed in RMB million)

 

2018

2017

2016

2015

2014

Operating profit before changes in
   working capital
531.7 568.1 183.1 289.7 257.0
Net cash generated from operating
   activities
646.9 303.8 211.6 306.1 238.6
Net cash used in investing activities (274.8) (221.4) (159.8) (127.2) (211.0)
Net cash used in financing activities (78.5) (102.1) (31.8) (154.4) (153.8)
Net increase/(decrease) in cash and cash
   equivalents
293.6 (19.7) 20.0 24.5 (126.2)
Effect of foreign exchange rate changes 1.7 (1.1) 1.1 1.2 0.1
Cash and cash equivalents at 1 January 166.1 186.9 165.8 140.1 266.2
Cash and cash equivalents at 31
   December
461.4 166.1 186.9 165.8 140.1
 
Cash at bank and in hand
   and cash and cash equivalents
   in the consolidated statement of
   financial position


461.4


166.1


204.9


165.8


140.1
Bank overdrafts - - (18.0) - -
Cash and cash equivalents
   in the consolidated statement of cash
   flows

461.4

166.1

186.9

165.8

140.1

Key Ratios

 

2018

2017

Profitability Ratios
   
Gross Profit 17.6% 18.0%
EBITDA 1.0% 5.5%
EBIT -1.0% 3.4%
Net (loss)/Profit -2.8% 1.9%
Return Ratios
   
Return on Equity (0.205) 0.106
Return on Total Assets (0.041) 0.026
Financial Stability Ratios
   
Net Debt to Equity 3.68 2.93
LT Debt to Equity 0.80 0.10
Current Ratio 0.62 0.44
Turnover Ratios (days of sales)
   
Creditors 106 105
Inventory 54 53