Hanshang group operation

The group company achieved an annual operating income of 624 million yuan, a total profit of 9.8 million yuan, and paid taxes of 3410.6 million yuan, ranking among the top 500 service enterprises in China and the 32nd among the top 100 enterprises in Wuhan.

(1) The retail industry has made great efforts in specialization and refinement around the four aspects of storefront, brand, marketing and service, and has made breakthroughs in expanding sales and improving quality, thus enhancing its competitive strength. The annual sales revenue was 559 million yuan, a year-on-year increase of 3.33%.

(1) Hanyang Shopping Mall faced up to the difficulties and took the initiative to deal with them. Under the test of multiple difficulties such as the construction of Ginza by Han merchants, the intensified competition in the business circle and the aging of its own operating facilities, it took effective measures to stabilize its operation and maintained the leading position in Zhongjiacun business circle. The annual operating income was 65.438+0.48 billion yuan, and the operating profit was 6.6899 million yuan, a slight decrease year-on-year.

②2 1 The eighth phase expansion of the shopping center has been completed, with an additional business area of 25,000 square meters. Comprehensive goods are on the first floor, the second floor is the super-large clothing Jinxiu City of 20,000 square meters, the third floor is the capital of men, and household items are on the fourth floor. Restaurants and shops on the fifth floor are under construction. It further consolidated its leading and leading position in Wangjiawan business circle. The newly introduced 124 brand has injected new vitality into the business. The introduction of Suning Appliance (002024, Share Bar) has filled the gap in business categories, and the three giants in the telecommunications industry have broken the market practice of operating in the same store. After the overall relocation of the home, on the basis of stabilizing the existing business, we will actively prepare for a brand-new home life museum.

The annual operating income was 247 million yuan, a year-on-year increase of 65,438+02.27%, and the operating profit was 27,865,438+00,000 yuan, a year-on-year increase of 0.4%.

③ The New Wuzhan Shopping Plaza and the Sports and Leisure Department operate in an integrated way, forming a benign interaction.

The annual operating income was 78,965,438+0,000 yuan, and the operating profit was 65,438+0,379 yuan, up by 65,438+02.33% and 7.48% respectively.

(2) The Convention and Exhibition Center will give full play to its location and venue advantages, revitalize its existing resources, improve its functional support, adjust its business scope, and form a "four centers" with their own characteristics for exhibitions, business meetings, square activities, shopping and leisure, and continue to lead Wuhan's convention and exhibition industry, and its comprehensive creative ability ranks among the best in similar exhibition halls in China. The Convention and Exhibition Center hosted, hosted and co-organized 123 exhibitions throughout the year, and the comprehensive income of the convention and exhibition industry was 5 1 6 1 1,000 yuan, a year-on-year increase of 15.43%.

(3) Vigorously promote real estate construction. The group company pays special attention to the two major projects of Hanshang Ginza and 2 1 Shopping Center, pays close attention to the project construction, and accumulates strength for the new round of great development.

① The construction of Hanshang Ginza project is in full swing. On the premise of safe and civilized construction, improve various construction procedures, speed up on-site construction and fund withdrawal, and promote the whole project in an orderly manner. First, continue to do a good job in the relocation of households. Patiently and meticulously publicize and explain the policies of the relocated households, properly handle the demolition disputes and create a good construction environment. Second, pay close attention to the relevant procedures required for project construction. Actively coordinate the relationship with urban management, environmental protection, planning, real estate and other departments, strive for policy support, and obtain three certificates of planning permit, construction permit and pre-sale permit of commercial housing in time. The third is to organize the construction reasonably, and the project is progressing rapidly. Successfully completed the capping of the main structure of buildings A, B and C and 50% masonry construction, the capping of the main structure of buildings D and F, the three-story structure construction of building E and the basement construction. Fourth, strictly control the quality of the project, strengthen the cooperation of the owner, construction and supervision, and establish a perfect monitoring system to ensure safe construction. The municipal government promoted the Ginza project as a model project to the whole city. Fifth, investment promotion marketing is booming. Relevant rules and regulations such as investment promotion implementation plan and business operation management plan have been formulated, and standardized operation has been implemented. Merchants introduced 2 head stores and reached cooperation intentions with more than 70 sub-head stores. The apartment and shops in Building D were successfully opened. During the year, all 380 apartments were sold, and the shops were basically sold. Sixth, the financing and sales payment were smooth, which provided financial guarantee for the overall promotion of the project.

② The commercial real estate project of 21Shopping Center (Future Building) was officially launched. This project is a key project in Wuhan New District and also a key commercial development project in Wuhan in 2009. In order to ensure the smooth start of the project, all preparations have been stepped up. After many arguments with the construction unit, the best scheme of foundation pit support is determined, and the detection task of test pile is successfully completed. The planning and design conditions of the project have been recognized and publicized by the planning department. The general layout of the project and the general layout of the first phase have been approved by the Planning Bureau, and the application for construction submitted by the departments of landscape architecture, civil air defense, geology, environmental protection and fire protection has also been approved, laying the foundation for the project to break ground after the Spring Festival of 20 10.

(4) Wedding services, tourism, foreign trade and store-free businesses developed steadily.

Wuhan Wedding Material City extends outward. With the opening of Yangzi Street Store, it has formed a business pattern of "one store across three streets and a joint exhibition venue for shopping malls", making every effort to build a large-scale wedding market in China. Xianning Hot Spring Villa further highlights the management characteristics of "purity, exquisiteness and taste", fully demonstrates the management concept of "health hot springs and surrounding forests", and launches new projects such as traditional Chinese medicine health soup bath, fish doctor soup bath and sunbathing, highlighting the hot spring brand of "the first soup in Central China" and being listed as a key hot spring management enterprise by the local government. Wuzhan Business Hotel passed the fire inspection and was on the right track. The property management company takes building the brand of "Hanshang Property" as its own responsibility, and makes every effort to do a good job in property investment, management and service to win the trust of customers.

5. Shortcomings in operation: the scale of the company is not strong enough, the total sales volume and profit level are not high enough, the self-supporting ability is not strong enough, some problems in development need to be solved, and the scientific management level still needs to be improved. These need to be further solved.

[6], the company's asset composition has undergone major changes and its main influencing factors.

(1) Trading financial assets at the end of the period 162.7 1 10,000 yuan, an increase of 102.65% year-on-year, which was caused by the increase of the fair value of trading equity instruments investment at the end of the period of 700,000 yuan;

② The accounts receivable at the end of this period were RMB 3,640,654,38+0,000, down by 42.22% year-on-year, mainly due to the increase in cash sales business of the company in 2065,438+04 and the timely payment of sales funds;

③ The prepayments at the end of this period were 42,327,800 yuan, up by 96. 15% year-on-year, mainly due to the expansion of business norms of home appliance agents in this period, and the year-end prepayments increased by17680121yuan;

④ Other receivables at the end of the period were 6,543,804,267,700 yuan, down 44.96% year-on-year, which was due to the recovery of the loan from the joint venture Wuhan Hanshangxin Real Estate Co., Ltd. in 2065,438+000 and the current payment of 9,797,654,38+000.00 yuan.

⑤. At the end of this period, the construction in progress was 39.407 million yuan, up 35.95% year-on-year, mainly due to the increased investment in the self-operated expansion project of 2 1 Century Shopping Center;

6. Long-term loans reached 85 million yuan at the end of this period, up by 65,438+000% year-on-year, mainly increasing the long-term loans of China CITIC Bank (6065,438+0998) and China Everbright Bank;

⑦ The bills payable at the end of this period was RMB 39 million, up by 85.7 1% compared with the same period, which was caused by the expansion of the business scale of home appliance agency in this period, and the purchase of home appliances was all settled by commercial bills;

First, the main factors affecting the company's profit and loss.

(1) During the reporting period, the financial expenses were RMB 27,665,438+0.65438+,down by 65,438+05.03% year-on-year, mainly due to the repayment of some loans in 2065,438+04, and the interest decreased;

② During the reporting period, the asset impairment loss was 459,300 yuan, up by 65,438+030.09% year-on-year, mainly due to the increase in provision for bad debts in the current period;

③ The net income from changes in fair value during the reporting period was 700,000 yuan, up by 65,438+038.79% year-on-year, mainly due to the increase in the fair value of trading financial assets invested;

④ During the reporting period, the investment income was-3,029,400 yuan, down 2,869.54% year-on-year, mainly because the net profit of the joint venture Wuhan Hanshangxin Real Estate Co., Ltd. decreased by 565,438,037,500 yuan compared with the previous period, which led to the decrease of the investment income of the company in the current period calculated by the equity method.

Existence, cash flow analysis

(1) During the reporting period, the net cash flow generated from operating activities was RMB 54,454,400, up by 65.438+0.56 1.9% year-on-year, which was due to the increase of commodity sales income and exhibition income in this period;

② During the reporting period, the cash received from investment recovery was RMB 6,543.8+0.7307 million, down 8,565.438+0.4% year-on-year, mainly due to the recovery of investment in Hanfu Supermarket of RMB 20,654.38+0.08 million;

③ The net cash recovered from the disposal of fixed assets, intangible assets and other long-term assets was RMB 65,438+06,073,000 in the current period, up by 65,438+09.165,438+0% year-on-year, mainly because Wuhan Hanshangxin Real Estate Co., Ltd. relocated some business stores and equipment rooms in the current period, and compensated the company's monetary funds at one time.

(4) The cash paid for dividends, profits or interest was RMB20,565,438+0.49 million in the current period, down by 47.065,438+0% year-on-year, mainly due to the large amount of interest owed to ICBC (6065,438+0.398, shares bar) in the same period;

⑤ The net cash flow from fund-raising activities was-65,438+0,848, 300 yuan, with a year-on-year decrease of 94.82%, mainly due to new bank loans in this period.