Intime Department Store (Group) Company Limited reported audited consolidated financial results for the year ended December 31, 2012. For the year, the group's net cash inflow from operating activities amounted to RMB 841.8 million compared to RMB 1,718.4 million reported a year ago. Purchases of items of property, plant, equipment and investment properties was RMB 784.80 million compared to RMB 1,090.05 million reported a year ago. Purchases of other intangible assets were RMB 3.58 million compared to RMB 29.02 million reported a year ago. Net debt was RMB 7,339.9 million compared to RMB 5,847.2 million at the end of 2011. Barring any unforeseen circumstances, the group is confident that it will continue to deliver a healthy performance in the financial year 2013.

Intime Retail (Group) Company Limited (SEHK:1833) has denied being in merger talks with Dalian Wanda Commercial Properties Co., Ltd. Intime Retail said, "The Board clarifies that, as at the date of this announcement, the Company is not in the process of negotiating with Wanda for the disposal of any assets. The controlling shareholder of the Company, Intime International Holdings Limited (the “Controlling Shareholder”) which is wholly owned by Shen Guojun, also has confirmed to the Company that, as at the date of this announcement, the Controlling Shareholder has no plan or intention to dispose of its interests in the Company to Wanda, is not negotiating with Wanda and has not entered into any definitive and legally binding agreement with Wanda for disposal of any of its interests in the Company."

Dalian Wanda Commercial Properties Co., Ltd. is reportedly planning to acquire Intime Retail (Group) Company Limited (SEHK:1833) for HKD 10.3 billion. According to mainland portal 163.com, Dalian Wanda will acquire Intime's 31 existing branches and 12 in the pipeline except the Beijing Yintai Centre. The transaction could facilitate the back-door listing of Wanda's retail business in Hong Kong. An executive for Wanda Group said that the commercial property operator was not informed of the reported acquisition. Intime Retail said that it would not rule out possibilities of cooperation with Wanda Group. Shares of Intime rose 0.56% to HKD 9.06 on April 17, 2013.