Financial Performance - Net profit attributable to shareholders increased by 48.66% year-on-year, reaching approximately CNY 1.96 billion[10]. - Operating revenue for the first nine months was approximately CNY 10.57 billion, down 8.67% from the same period last year[8]. - The gross profit from the main apparel business increased by 23.50%, contributing approximately CNY 465.86 million to net profit[10]. - The real estate development segment reported a net profit of approximately CNY 643.16 million, a decrease of 29.36% year-on-year[10]. - The investment segment saw a significant increase in net profit to approximately CNY 900.02 million, up from the previous year due to a change in accounting methods[10]. - The company achieved operating revenue of 1,057,293.85 million RMB, a decrease of 8.67% compared to the same period last year, while net profit increased by 48.66% to 196,152.61 million RMB due to changes in accounting methods and improved profitability in branded apparel[15]. - In the branded apparel segment, operating revenue was 291,456.94 million RMB, remaining stable year-on-year, with net profit increasing by 23.50% to 46,585.77 million RMB[15]. - Net profit for Q3 2014 was ¥135,139,643.86, a decline of 60.3% from ¥340,813,444.31 in Q3 2013[49]. - The net profit for the first nine months of 2014 reached ¥3,681,757,031.22, compared to ¥826,847,175.00 in the previous year, indicating a substantial growth[53]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 48.21 billion, a decrease of 0.29% compared to the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 159,762[14]. - The total liabilities decreased from ¥34,125,729,945.69 to ¥33,508,366,656.70, a reduction of about 1.8%[41]. - The company's total assets slightly decreased from ¥48,346,126,550.49 to ¥48,206,634,372.63, a decline of approximately 0.3%[41]. - The non-current liabilities increased from ¥2,554,642,822.35 to ¥3,510,457,748.33, an increase of about 37.4%[41]. - Total assets increased to ¥22,193,334,214.82 at the end of Q3 2014, up from ¥21,390,148,927.37 at the beginning of the year, representing a growth of 3.8%[46]. - Total liabilities decreased to ¥12,740,307,176.78 from ¥14,154,898,468.79 at the beginning of the year, a reduction of 10.0%[46]. - Shareholders' equity increased to ¥9,453,027,038.04 at the end of Q3 2014, up from ¥7,235,250,458.58 at the beginning of the year, indicating a growth of 30.5%[46]. Cash Flow - The net cash flow from operating activities decreased by 61.38% year-on-year, amounting to approximately CNY 1.51 billion[9]. - Cash flow from operating activities for the year-to-date period was CNY 1,506,856,367.31, a decrease of 61.4% compared to CNY 3,901,544,471.72 in the same period last year[58]. - Total cash outflow from operating activities was CNY 8,461,284,803.69, down 13.3% from CNY 9,754,664,074.34 year-on-year[58]. - Cash inflow from investment activities totaled CNY 2,650,412,175.88, a slight decrease of 3.7% compared to CNY 2,751,570,057.01 in the previous year[59]. - Net cash flow from investment activities was CNY -123,608,016.50, contrasting with a positive CNY 273,614,346.26 in the same period last year[59]. - Cash inflow from financing activities was CNY 11,823,756,570.73, down 12.5% from CNY 13,501,277,334.30 year-on-year[59]. - The ending balance of cash and cash equivalents was CNY 2,765,705,443.65, a decrease from CNY 2,840,463,727.56 at the end of the same period last year[59]. - Cash inflow from operating activities was CNY 84,116,105.80, significantly higher than CNY 19,501,924.42 in the previous year[63]. Investments - The company plans to invest 500 million RMB in the construction of the Yagor International Clothing City project, expected to start in April 2015 and be operational by June 2016, with an annual production capacity of 5 million shirts and 1 million pants[16]. - The company holds 26.04% of shares in Yagor, totaling 579,896,185 shares, with a commitment to not sell these shares through the stock exchange for ten years starting from May 16, 2009[29]. - The investment business net profit reached 90,002.30 million RMB, an increase of 89,281.64 million RMB compared to the previous year, driven by strategic investments in banks and securities[19]. - Long-term equity investments increased by 212.37% to 582,177.16 million RMB, primarily due to a change in accounting treatment for Ningbo Bank[21]. - The company’s financial assets had a market value of 489,949.59 million RMB, with an unrealized gain of 86,268.71 million RMB, and held 10.93% of Ningbo Bank[20]. Accounting Adjustments - The company has made adjustments to its financial statements in accordance with the new accounting standards, impacting long-term equity investments and available-for-sale financial assets[30]. - The company’s adjustments to long-term equity investments reflect a shift in accounting treatment for investments without control or significant influence[34]. - The company has reclassified certain financial statement items, including deferred income, in accordance with revised accounting standards[35]. - The company’s financial reporting now includes a detailed breakdown of equity items as mandated by the revised accounting standards[34]. - The company reported a total long-term equity investment adjustment of -2,986,134,218.11 CNY and a corresponding adjustment in available-for-sale financial assets of 2,986,134,218.11 CNY as of December 31, 2013[31].

Financial Performance - The company reported a revenue of CNY 7,576,893,455.71 for the first half of 2014, a decrease of 5.16% compared to the same period last year[13]. - Net profit attributable to shareholders reached CNY 1,828,917,962.50, representing a significant increase of 90.52% year-on-year[13]. - The basic earnings per share increased to CNY 0.82, up 90.52% from CNY 0.43 in the previous year[14]. - The company's total operating income decreased by 5.16% to 7,576.89 million RMB, while operating costs increased by 11.13% to 4,589.10 million RMB[33]. - The company reported a profit of 4.44 million yuan from the sale of 3,000 million shares of Shanxi Sunshine Coking Group Co., Ltd.[66]. - The company reported a comprehensive income total of CNY 1,228,780,391.51, compared to a loss of CNY 473,465,378.30 in the previous year[110]. - The net profit for the first half of 2014 reached CNY 1,873,868,368.23, representing a significant increase of 92.8% compared to CNY 972,377,491.78 in the previous year[110]. Cash Flow and Liquidity - The company's net cash flow from operating activities was CNY 664,042,702.28, down 66.03% compared to the previous year[13]. - Operating cash inflow totaled ¥6,554,892,960.23, down 28.5% from ¥9,121,141,509.15 in the previous period[115]. - Net cash flow from operating activities was ¥664,042,702.28, a decrease of 66.0% compared to ¥1,954,823,802.66 last period[115]. - The ending balance of cash and cash equivalents was ¥2,816,064,155.68, up from ¥2,168,825,876.64 in the previous period[116]. - Total cash outflow from operating activities was ¥5,890,850,257.95, down 17.8% from ¥7,166,317,706.49 last period[115]. Assets and Liabilities - The total assets of the company decreased by 2.99% to CNY 46,902,773,846.90 compared to the end of the previous year[13]. - The company's total liabilities decreased to ¥32,571,872,698.09 from ¥34,125,729,945.69, indicating a reduction in financial obligations[100]. - The total equity attributable to shareholders increased to ¥14,001,625,803.14 from ¥13,931,101,664.86, reflecting a growth in shareholder value[100]. - Cash and cash equivalents decreased to ¥2,816,064,155.68 from ¥3,533,175,898.61, showing a decline in liquidity[98]. - Accounts receivable decreased to ¥360,869,354.33 from ¥448,391,001.87, indicating improved collection efficiency[98]. Investment and Growth - The investment segment reported a net profit of CNY 867,824,600.00, a staggering increase of 1275.84% year-on-year due to changes in accounting methods[14]. - The company completed a total of 283,729.40 million RMB in subscription amounts for self-operated projects, a decrease of 57.70% year-on-year[28]. - The company’s investment income from Ningbo Bank was calculated based on its shareholding ratio, resulting in an investment income of 345.54 million RMB for the period[35]. - The company has a total of 1,125.71 million yuan in investments in Shanghai Pudong Development Bank, with a report period profit of 74.29 million yuan[53]. - The company reported a total of 4.41 billion yuan in financial enterprise equity investments, with a report period profit of 1.07 billion yuan[54]. Business Operations - The company operates a retail network of 2,980 outlets, with 2,513 self-operated stores, accounting for 84.33% of the total[46]. - The company expanded its multi-brand strategy, with four emerging brands collectively achieving a revenue of 176.51 million RMB, representing an average growth of 26.03%[23]. - The company introduced a new technology called DP for wrinkle-free shirts, which significantly improves comfort and environmental standards[6]. - The company has established a comprehensive product R&D and technology innovation system, with 64 patents and 19 national key new product projects[44]. - The company has made significant progress in hardware infrastructure and software service upgrades during the reporting period[49]. Governance and Compliance - The company has committed to improving its governance structure and internal controls, aligning with legal requirements and enhancing information disclosure[75]. - The company has maintained a clear separation from its controlling shareholder in terms of business operations and financial management[76]. - There were no penalties or administrative actions against the company or its executives during the reporting period[74]. - The company has actively engaged in investor relations, enhancing communication channels to foster long-term relationships with investors[76]. - The company aims to enhance its governance structure and ensure sustainable development[80]. Shareholder Information - The company had a total of 2,226,611,695 shares outstanding, with 96.27% being unrestricted circulating shares[81]. - The largest shareholder, Ningbo Yageer Holdings Co., Ltd., holds 699,272,181 shares, representing 31.41% of total shares[87]. - The second-largest shareholder, Shenzhen Borui Caizhi Holdings Co., Ltd., holds 64,000,000 shares, accounting for 2.87%[87]. - The company distributed a cash dividend of 5.00 yuan per 10 shares, totaling 1,113.31 million yuan, based on the total share capital of 2,226,611,695 shares as of the end of 2013[57]. - There were no significant changes in the number of shares held by directors and senior management during the reporting period[92].

Financial Performance - The company reported a total revenue of RMB 5,031,719,965.70 for Q1 2014, representing a 59.35% increase compared to the same period last year[12]. - Net profit attributable to shareholders reached RMB 759,488,232.58, a significant increase of 193.10% year-on-year[12]. - Operating revenue for the reporting period increased by 59.35% to 503,172.00 million yuan, primarily due to a 111.95% increase in the real estate sector's revenue[19]. - Operating profit for the reporting period grew by 107.37% to 90,014.71 million yuan, driven by a 70.79% increase in the real estate sector's operating profit[19]. - The net profit attributable to the parent company increased by 193.10% to 75,948.82 million yuan compared to the same period last year[20]. - Net profit for the current period was ¥774,100,182.21, compared to ¥263,693,665.87 in the same period last year, marking a growth of 194.0%[37]. - Basic and diluted earnings per share both increased to ¥0.34 from ¥0.12, reflecting a 183.3% rise[37]. - Total comprehensive income for the current period was ¥729,992,645.76, significantly higher than ¥137,549,256.97 in the previous period[37]. Cash Flow - The net cash flow from operating activities was RMB 190,303,190.54, a decrease of 85.20% compared to the previous year[9]. - The net cash flow from operating activities decreased by 109,560.01 million yuan due to reduced cash receipts in the real estate sector[21]. - Cash flow from operating activities generated a net amount of ¥190,303,190.54, down from ¥1,285,903,330.58 in the prior period[44]. - The net cash flow from operating activities was -48,443,708.37, compared to -32,806,619.32 in the previous period, indicating a decline in operational cash flow[46]. - Cash inflow from investment activities included 571,505,944.40 from other investment-related activities, a decrease from 1,294,127,834.35 in the previous period[46]. - The net cash flow from financing activities was -718,342,919.73, compared to -434,407,748.73 in the previous period, showing increased cash outflows related to financing[47]. Assets and Liabilities - The company's total assets decreased by 4.12% to RMB 46,354,436,841.03 compared to the end of the previous year[9]. - Current assets decreased from CNY 29.76 billion to CNY 27.55 billion, representing a reduction of about 7.41%[28]. - Total liabilities decreased from CNY 34.13 billion to CNY 31.40 billion, a decline of about 8.06%[30]. - Long-term borrowings increased by 33.95% to 277,901.50 million yuan, primarily due to increased project borrowings in the real estate sector[18]. - Total equity increased from CNY 14.22 billion to CNY 14.95 billion, an increase of about 5.13%[30]. Segment Performance - The brand clothing segment achieved revenue of RMB 114,161.61 million, a growth of 1.64% year-on-year, while net profit decreased by 3.47%[12]. - The real estate development segment generated revenue of RMB 370,896.34 million, a growth of 111.95% year-on-year, with net profit increasing by 100.95%[14]. Investments and Acquisitions - The company commenced one new project with a construction area of 149,800 square meters during the reporting period[14]. - The company acquired a new land parcel with a total price of RMB 66,114.28 million, with a buildable area of 225,700 square meters[14]. - The company's investment business achieved a net profit of 19.54 million yuan, an increase of 238.16 million yuan compared to the same period last year[15]. - As of the end of the reporting period, the company held 320.83 million shares of Ningbo Bank, with a holding ratio of 11.13%[15]. Financial Position - The company's available-for-sale financial assets decreased by 43.37% to 369,051.05 million yuan compared to the beginning of the year[17]. - Long-term equity investments increased by 48.00% to 958,516.15 million yuan compared to the beginning of the year[17]. - The company reported a net profit increase, with retained earnings rising from CNY 8.92 billion to CNY 9.68 billion, an increase of about 8.52%[30].

Financial Performance - The net profit of the parent company for 2013 was CNY 663,496,832.27, with a year-end distributable profit of CNY 2,850,979,598.72 after accounting for previous dividends[7]. - The basic earnings per share decreased by 14.88% to CNY 0.61 compared to CNY 0.72 in 2012[22]. - The weighted average return on net assets decreased by 2.28 percentage points to 9.69% from 11.97% in the previous year[22]. - The company reported a 41.32% increase in operating income compared to the previous year, driven primarily by the real estate sector[22]. - The diluted earnings per share also fell by 14.88% to CNY 0.61, consistent with the basic earnings per share[22]. - The net profit attributable to shareholders decreased by 14.88% to CNY 1,359,596,966.93, primarily due to non-operating expenses of CNY 48,420 million and asset impairment provisions of CNY 42,718 million[28]. - The net profit after deducting non-recurring gains and losses was CNY 2,466,803,474.18, reflecting a growth of 39.49% compared to the previous year[23]. - The company's total assets decreased by 3.76% to CNY 48,346,126,550.49 at the end of 2013[23]. - The company's total operating revenue was CNY 15,166,875,602.26, representing a year-on-year increase of 41.32%[23]. - The company reported a net profit of 1,359,596,966.93 RMB for the year 2013[84]. Revenue Segments - The real estate segment's revenue reached CNY 986,544.33 million, marking a significant increase of 91.27% year-on-year[22]. - The real estate segment's revenue increased significantly, contributing to a net profit of CNY 163,847.05 million, up 74.32% year-on-year[23]. - The retail environment for the apparel industry remained challenging, with the company's apparel segment achieving revenue of CNY 426,989.08 million, a growth of 4.57%[29]. - The real estate development segment reported revenue of 986,544.33 million RMB, a significant year-on-year growth of 91.27%[46]. - The company achieved a pre-sale revenue of CNY 14,782.71 million, an increase of 84.18% year-on-year[37]. Cash Flow and Investments - The net cash flow from operating activities was CNY 5,801,863,355.87, an increase of 9.66% year-on-year[23]. - The company repaid CNY 300,680.84 million in loans during the year, indicating improved cash flow management[28]. - The company's cash flow from investing activities improved by 145,922.52 million RMB, reaching -42,224.15 million RMB compared to the previous year[45]. - The company's cash flow from financing activities resulted in a net outflow of -¥5,280,666,275.58, compared to -¥623,955,140.77 in the previous period[173]. - The ending cash and cash equivalents balance increased to ¥1,798,171,836.50 from ¥1,507,906,718.28 in the previous period[173]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares to all shareholders, totaling CNY 1,113,305,847.50 for the previous year[7]. - The company distributed cash dividends of 1,113,305,847.50 RMB, accounting for 69.70% of the net profit attributable to shareholders for the year 2013[82]. - The company has cumulatively distributed cash dividends totaling 8.152 billion RMB since its listing in 1998, with 15 distributions to date[82]. - The largest shareholder, Ningbo Yageer Holdings Co., Ltd., holds 31.41% of the shares, totaling 699,272,181 shares, with 415,220,000 shares pledged[106]. Operational Efficiency and Management - The company has no non-operating fund occupation by controlling shareholders or related parties[8]. - The company will not implement a capital reserve transfer to increase share capital for the year[7]. - The implementation of the ERP system has led to a 3.8% reduction in production costs and a 2% increase in product quality, while the average production cycle has been shortened by 7-10 days[56]. - The company has established a salary system that links performance to compensation, with frontline employees on a piece-rate system and management on an annual salary system[124]. - The company conducted internal training focusing on management capabilities, professional skills, and comprehensive applications, addressing safety production and management skills[125]. Market and Strategic Outlook - The company plans to launch 10 new projects in 2014, with an estimated new saleable amount of approximately 1,766.46 million yuan[74]. - The apparel segment anticipates a domestic sales revenue growth of 3%-10% compared to the previous year[71]. - The company aims to explore new business models while enhancing traditional sales channels, focusing on self-operated, mall, franchise, and group purchase strategies[73]. - The investment business will continue to focus on maintaining a stable investment return while adjusting the investment structure[75]. - The company is adapting to the challenges posed by e-commerce and new business models, leveraging its traditional channel advantages[79]. Governance and Compliance - The company has maintained a cash dividend policy, distributing 5 RMB per 10 shares in 2013[84]. - The company has engaged in significant related party transactions, including procurement of fabrics and garments from related companies[89]. - The company established a comprehensive internal control system to ensure compliance and safeguard assets, with improvements made to the internal control manual during the reporting period[146]. - The internal control audit report issued by the auditing firm was unqualified, indicating no significant issues were found[147]. - The company confirmed no issues regarding independence from its controlling shareholder in terms of business and financial operations[143].