Financial Performance - Operating revenue decreased by 8.83% to CNY 128,609,224.82 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 509.27% to a loss of CNY 7,990,260.24 compared to the same period last year[5] - The weighted average return on net assets decreased by 1.91 percentage points to -1.53%[5] - Total operating revenue decreased to ¥146,796,388.38 from ¥166,027,159.78, representing a decline of approximately 11.5% year-over-year[15] - Operating income fell to ¥128,609,224.82 from ¥141,069,644.70, a decrease of about 8.8%[15] - Net profit for the period was a loss of ¥8,058,373.39 compared to a profit of ¥1,012,538.20 in the previous period, indicating a significant downturn[15] - Basic and diluted earnings per share both reported at -0.022, down from 0.005 in the previous period[15] Assets and Liabilities - Total assets increased by 0.23% to CNY 2,514,009,104.48 compared to the end of the previous year[5] - The company's total liabilities reached CNY 1,826,225,719.10, compared to CNY 1,812,439,983.76 at the start of the year, indicating a rise in liabilities[10] - The total equity attributable to shareholders decreased from CNY 531,441,741.94 to CNY 523,451,481.70, reflecting a decline in retained earnings[10] - The total current assets amounted to CNY 2,163,616,957.94, a marginal increase from CNY 2,160,606,514.47[9] - The total current liabilities were CNY 1,692,152,959.12, up from CNY 1,678,367,223.78, indicating an increase in short-term financial obligations[10] Cash Flow - Cash flow from operating activities turned positive with a net inflow of CNY 12,217,933.06 compared to a net outflow of CNY 37,187,753.70 in the same period last year[5] - Cash inflow from investment activities amounted to $27 million, while cash outflow was $9.04 million, resulting in a net cash flow of $17.96 million, contrasting with a net outflow of $0.69 million previously[22] - Cash inflow from financing activities reached $90 million, up from $40 million in the prior period, reflecting increased borrowing[23] - The ending cash and cash equivalents balance was $23.72 million, down from $9.76 million in the previous period, indicating a decrease in liquidity[23] Investment and Projects - The company reported a significant increase in investment income by 2147.10% to CNY 1,801,211.39 due to profit distributions from subsidiaries[7] - The company’s construction in progress increased by 78.57% to CNY 20,549,073.75 due to payments for the Shannan Industrial Park project[7] - The company has ongoing projects in construction, with capitalized costs in construction in progress rising to CNY 20,549,073.75 from CNY 11,507,356.48, suggesting expansion efforts[9] Shareholder Information - The number of shareholders increased to 60,578[6] - The company’s basic earnings per share decreased to -0.022 CNY from 0.005 CNY in the same period last year[5]

Financial Performance - In 2013, the total revenue of Hubei Mailyard Co., Ltd. was CNY 658,642,808.56, representing a 6.83% increase compared to CNY 616,507,881.30 in 2012[19]. - The net profit attributable to shareholders of the parent company for 2013 was CNY 11,671,243.66, a decrease of 25.26% from CNY 15,616,182.46 in 2012[19]. - The net profit after deducting non-recurring gains and losses was CNY -18,445,097.66, a decline of 255.85% compared to CNY 11,835,416.77 in 2012[19]. - The net cash flow from operating activities was CNY 14,588,135.07, down 89.34% from CNY 136,907,761.07 in the previous year[19]. - The total assets at the end of 2013 were CNY 2,508,281,742.53, a decrease of 2.15% from CNY 2,563,503,448.03 at the end of 2012[19]. - The basic earnings per share for 2013 were CNY 0.03, down 25% from CNY 0.04 in 2012[19]. - The diluted earnings per share were also CNY 0.03, reflecting the same 25% decrease compared to the previous year[19]. - The weighted average return on net assets was 2.22%, a decrease of 0.83 percentage points from 3.05% in 2012[19]. Operational Efficiency - The company eliminated approximately 20 loss-making outlets during the reporting period to enhance operational efficiency[28]. - The company continued to strengthen product development and innovation to meet market demands, focusing on business formal wear and casual women's clothing[28]. - The company’s main business income increased by 6.83%, driven by brand building and market expansion efforts[31]. - The company’s operating costs rose by 20.13% to CNY 330.25 million, reflecting increased operational expenses[31]. - The total production of clothing decreased by 15.79% to 2,522,056 units in 2013 compared to 2,994,999 units in 2012[32]. Investment and Financial Management - The company invested a total of RMB 198 million in principal for wealth management products during the reporting period, with an expected return of RMB 640,075.62[46]. - The company utilized idle self-owned funds for short-term principal-protected bank wealth management products, ensuring no impact on normal operations[47]. - The company received a repayment of RMB 27 million from Wuhan Shenhua Weiye Lighting Engineering Service Co., Ltd., along with corresponding interest, after a loan period of 6 months[48]. - The company has not engaged in any other investment or derivative product activities during the reporting period[49]. - The company’s wealth management investments are made using self-owned funds, not raised funds[48]. Market and Product Development - The company aims for steady growth in total operating income for 2014, focusing on enhancing brand competitiveness and market share[54]. - The company plans to improve the production technology and efficiency of high-end suits, while increasing the proportion of women's clothing in its domestic sales system[54]. - The company emphasizes the importance of modern marketing strategies and brand development to adapt to changing consumer demands and enhance market competitiveness[52]. - The company will continue to drive technological innovation by developing and introducing new processes, technologies, and patents to enhance product research and production management[56]. Corporate Governance and Management - The company emphasizes information disclosure, ensuring timely and accurate reporting to protect the rights of investors, especially minority shareholders[114]. - The management team voluntarily reduced their salaries in 2013 due to a decline in profitability caused by market conditions[113]. - The company has established a performance evaluation standard and incentive mechanism for senior management, ensuring transparency and compliance with legal regulations[122]. - The company maintains an independent operational structure, with a complete production, supply, and marketing system independent of the controlling shareholder[120]. - The company has a fully independent financial accounting department and a separate accounting system, allowing for independent financial decision-making[120]. Shareholder Structure and Equity - The largest shareholder, Hubei Meirya Group Co., Ltd., holds 20.39% of the shares, totaling 73,388,738 shares[90]. - The second-largest shareholder is China Construction Bank - Huaxia Dividend Mixed Open-end Securities Investment Fund, holding 4.38% with 15,773,916 shares[90]. - The total number of shareholders at the end of the reporting period was 58,728, a decrease from 59,731 five trading days prior[90]. - The company has not issued any securities or undergone any changes in shareholding structure in the past three years[89]. Risk Management - The company has identified significant market competition risks, including product homogeneity and seasonal sales fluctuations[57]. - The company aims to strengthen its management team and improve decision-making to mitigate operational risks[59]. - The company has not encountered any risks or issues related to independence from the controlling shareholder during the reporting period[119]. Audit and Compliance - The audit committee reviewed the 2013 financial reports and confirmed that the auditing firm conducted its work in accordance with relevant standards, providing an objective and comprehensive reflection of the company's financial status[119]. - The company received a standard unqualified audit report from Zhonghuan Haihua Accounting Firm for the financial statements as of December 31, 2013[129]. - There were no significant defects or important defects identified in the internal control over financial reporting during the reporting period[125].