Sun Art Retail Group Limited - TodayIR.com

More documents

Recommendations

Info

FINANCIAL HIGHLIGHTS For the year ended 31 December 2012 2011 Change RMB million RMB million Turnover 77,851 68,084 14.3% Gross Profit 16,150 13,857 16.5% Profit from Operations 3,518 2,906 21.1% Profit for the Year 2,533 1,985 27.6% Profit Attributable to Equity Shareholders of the Company 2,409 1,600 (1) 50.6% Earnings Per Share (“EPS”) – Basic and diluted (2) RMB0.25 RMB0.20 25.0% As at 31 December 2012 2011 Change RMB million RMB million Total Assets 44,585 41,346 7.8% Total Liabilities 27,227 25,829 5.4% Net Assets 17,358 15,517 11.9% Gearing Ratio (3) 0.61 0.62 Current Ratio (4) 0.79 0.84 Note: (1) Following the completion of the reorganisation on 13 May 2011 (“Reorganisation”), Sun Art Retail Group Limited (the “Company”, together with its subsidiaries, the “Group”) has acquired the non-controlling interests in Auchan (China) Hong Kong Ltd. (“ACHK”) & Concord Champion International Ltd. (“CCIL”), which became wholly owned subsidiaries of the Company. (2) The calculation of basic and diluted EPS is based on the weighted average number of ordinary shares in issue during the year (2012: 9,539,704,700 shares and 2011: 7,805,626,406 shares including the new shares issued for the reorganisation, in initial public offering (“IPO”) and upon the exercise of over-allotment option, after adjusting for the share subdivision on 27 June 2011). (3) Gearing Ratio = Total Liabilities/Total Assets (4) Current Ratio = Current Assets/Current Liabilities Sun Art Retail Group Limited Annual Report 2012 3
CHAIRMAN’S STATEMENT Dear Shareholders, It gives me great pleasure to report to you the substantial progress made in 2012 by Sun Art Retail Group Limited, posting again solid results in the second year after our IPO. We have, during a year of slowing GDP growth, been able to continue to improve our profitability while opening 43 new stores, gaining market share in a context where investment in our industry has been rather subdued compared to previous years. We believe our continuous emphasis on customer needs, which are changing by the day, and investment in employee training, explains this performance and will continue to help us to ensure a high level of customer satisfaction, translating into sustained levels of turnover, margins and profit for the Company. In 2013, our Board, beyond monitoring financials, integrating principal risks and ensuring compliance, will provide further strategic guidance to our management team to continue to grow at a sustained rate, and face multi-faceted competitive challenges in China’s retail market. Cheng Chuan-Tai Chairman of the Board 15 March 2013 4 Sun Art Retail Group Limited Annual Report 2012
Page 1 and 2: Sun Art Retail Group Limited (Incor
Page 3: CORPORATE INFORMATION DIRECTORS Exe
Page 7 and 8: CHIEF EXECUTIVE OFFICER’S STATEME
Page 9 and 10: MANAGEMENT DISCUSSION AND ANALYSIS
Page 19 and 20: PROFILES OF DIRECTORS AND SENIOR MA
Page 21 and 22: PROFILES OF DIRECTORS AND SENIOR MA
Page 23 and 24: REPORT OF DIRECTORS The directors o
Page 25 and 26: REPORT OF DIRECTORS Purchase, Sale
Page 27 and 28: REPORT OF DIRECTORS Directors’ In
Page 29 and 30: REPORT OF DIRECTORS (7) This repres
Page 31 and 32: REPORT OF DIRECTORS Notes: (1) The
Page 33 and 34: REPORT OF DIRECTORS Under the terms
Page 35 and 36: REPORT OF DIRECTORS Audit Committee
Page 37 and 38: RISK FACTORS • potential growth o
Page 39 and 40: RISK FACTORS any severe communicabl
Page 41 and 42: REPORT OF CORPORATE GOVERNANCE Inde
Page 43 and 44: REPORT OF CORPORATE GOVERNANCE Duri
Page 45 and 46: REPORT OF CORPORATE GOVERNANCE Remu
Page 47 and 48: REPORT OF CORPORATE GOVERNANCE DIRE
Page 49 and 50: REPORT OF CORPORATE GOVERNANCE COMM
Page 51 and 52: Independent Auditor’s Report Opin
Page 53 and 54: CONSOLIDATED STATEMENT OF FINANCIAL
Page 55 and 56:
STATEMENT OF FINANCIAL POSITION OF
Page 57 and 58:
CONSOLIDATED CASH FLOW STATEMENT Fo
Page 59 and 60:
NOTES TO THE CONSOLIDATED FINANCIAL
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
FINANCIAL SUMMARY A summary of the
show all

Sun Art Retail Group Limited - TodayIR.com

Create successful ePaper yourself

Delete template?

Save as template?