Key Consolidated Statement of Profit or Loss Items 

Unaudited
Unaudited Six months ended 30 June

2018
RMB million

2017
RMB million

Revenue 5,256.9 4,982.9
Gross Profit 925.6 869.9
Profit for the period attributable
     to the equity shareholders of the Company
137.7 104.9
EBITDA 319.1 261.3

Key Consolidated Statement of Financial Position Items

Unaudited
30 June
2018
RMB million

Audited
31 December
2017
RMB million

Total assets 6,844.8 6,874.1
Total liabilities 5,016.8 5,184.5
Net assets 1,828.0 1,689.6


Five-year Financial Summary


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

(Expressed in RMB million)

 

2017

2016

2015

2014

2013

No. of Stores

69

61

60

55

59

No. of Shopping centres

2

1

1

-

-

Revenue 9,655.2 10,085.7 10,660.4 10,912.0 10,881.6
Gross profit 1,736.5 1,738.5 1,831.4 1,838.0 1,793.3
as a % of revenue 18.0% 17.2% 17.2% 16.8% 16.5%
Other revenue and other net
  (loss)/income
563.8 124.1 491.9 478.5 536.5
Distribution and store operating costs (1,707.1) (1,892.0) (1,915.1) (1,913.8) (1,932.9)
Adminstrative expenses (266.4) (402.5) (334.3) (350.0) (335.9)
Finance costs (101.6) (82.8) (73.8) (76.2) (82.1)
Income Tax (46.2) (22.9) (18.2) (34.9) (75.8)
   
Profit/(Loss) for the year
179.0
(537.6)
(18.1)
(58.4)
(96.9)
as a % of revenue 1.9% -5.3% -0.2% -0.5% -0.9%
EBITDA
528.8
(229.7)
272.2
240.8
245.1
as a % of revenue 5.5% -2.3% 2.6% 2.2% 2.3%

Consolidated Statement of Financial Position at 31 December

(Expressed in RMB million)

 

2017

2016

2015

2014

2013

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


1,813.2


1,689.7


1,797.2


1,686.4


1,870.7
Goodwill 2,654.3 2,654.3 2,911.8 2,911.8 3,154.3
Cash and cash equivalents 166.1 204.9 165.8 140.1 266.2
Pledged bank deposits 59.9 59.5 59.4 71.9 104.5
Inventories 1,144.7 1,240.5 1,221.4 1,058.9 1,105.6
Trade and other receivables 849.1 830.3 737.1 815.1 852.5
Other assets 186.8 207.0 234.9 260.9 277.6
   
Total Assets
6,874.1
6,886.2
7,127.6
6,945.1
7,631.4
 
Loans from controlling shareholder, bank
     loans, overdrafts and other loans

1,186.3

1,241.2

1,085.5

1,144.2

1,211.0
Trade payables and other liabilities 3,998.2 4,122.1 3,992.1 3,790.8 4,350.9
   
Total Liabilities
5,184.5
5,363.3
5,077.6
4,935.0
5,561.9
   
Net Assets
1,689.6
1,522.9
2,050.0
2,010.1
2,069.5
 
Share capital 405.7 405.7 405.7 396.1 396.1
Reserves 1,283.9 1,117.2 1,642.7 1,612.3 1,671.7
Non-controlling interests - - 1.6 1.7 1.7
   
Total Equity
1,689.6
1,522.9
2,050.0
2,010.1
2,069.5

Consolidated Cash Flow Statement for the year ended 31 December

(Expressed in RMB million)

 

2017

2016

2015

2014

2013

Operating profit before changes in
   working capital
568.1 183.1 289.7 257.0 205.8
Net cash generated from operating
   activities
303.8 211.6 306.1 238.6 67.4
Net cash used in investing activities (221.4) (159.8) (127.2) (211.0) (200.6)
Net cash used in financing activities (102.1) (31.8) (154.4) (153.8) (16.1)
Net (decrease)/increase in cash and cash
   equivalents
(19.7) 20.0 24.5 (126.2) (149.3)
Effect of foreign exchange rate changes (1.1) 1.1 1.2 0.1 (0.5)
Cash and cash equivalents at 1 January 186.9 165.8 140.1 266.2 416.0
Cash and cash equivalents at 31
   December
166.1 186.9 165.8 140.1 266.2
 
Cash at bank and in hand
   and cash and cash equivalents
   in the consolidated statement of
   financial position


166.1


204.9


165.8


140.1


266.2
Bank overdrafts - (18.0) - - -
Cash and cash equivalents
   in the consolidated statement of cash
   flows

166.1

186.9

165.8

140.1

266.2

Key Ratios

 

2017

2016

Profitability Ratios
   
Gross Profit 18.0% 17.2%
EBITDA 5.5% -2.3%
EBIT 3.4% -4.3%
Net Profit/(loss) 1.9% -5.3%
Return Ratios
   
Return on Equity 0.106 (0.353)
Return on Total Assets 0.026 (0.078)
Financial Stability Ratios
   
Net Debt to Equity 2.93 3.35
LT Debt to Equity 0.10 0.79
Current Ratio 0.44 0.56
Turnover Ratios (days of sales)
   
Creditors 105 102
Inventory 53 54