Financial Performance - Net profit attributable to shareholders was CNY 119,336,448.35, an increase of 4.75% year-on-year[9]. - Operating revenue for the period was CNY 868,017,294.95, down 1.55% from the same period last year[9]. - The weighted average return on equity increased by 0.14 percentage points to 2.88%[9]. - Basic earnings per share were CNY 0.2976, reflecting a 4.75% increase compared to the previous year[9]. - The gross profit margin for the overall business was 38.05%, reflecting a decrease of 0.61 percentage points year-on-year[19]. - The overall gross profit for the company in Q1 2018 was CNY 329,167,313.87, with a decrease of 1.37% year-on-year[18]. - Total operating revenue for the current period is ¥868,017,294.95, a decrease of 1.9% from ¥881,691,892.42 in the previous period[33]. - Operating profit increased to ¥143,538,727.13, up 6.3% from ¥135,349,814.18 in the previous period[34]. - Net profit for the current period is ¥119,648,573.44, representing an increase of 5.9% compared to ¥113,972,809.26 from the previous period[34]. - Comprehensive income totalled ¥120,016,276.67, up from ¥113,100,825.84, indicating a growth of 6.5%[35]. Cash Flow and Investments - The net cash flow from operating activities was CNY -8,421,017.09, showing an improvement from CNY -9,094,538.40 in the previous year[9]. - Cash received from investment recoveries increased significantly by 1017.19% to ¥715,000,000.00 compared to ¥64,000,000.00 in the previous year[14]. - Investment cash payments rose by 402.63% to ¥955,000,000.00 from ¥190,000,000.00, mainly due to increased purchases of financial products[15]. - Total cash inflow from investment activities was 724,990,831.12, significantly higher than 68,963,556.24 in the previous period[41]. - The net cash flow from investment activities was -253,120,620.10, compared to -158,590,956.91 in the previous period, reflecting increased investment outflows[41]. - The company received 715,000,000.00 in cash from investment recoveries, a significant increase from 64,000,000.00 in the previous period[41]. - The company paid 955,000,000.00 in cash for investments, compared to 190,000,000.00 in the previous period, indicating a substantial increase in investment activity[41]. Shareholder Information - The total number of shareholders was 20,192 at the end of the reporting period[11]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 131,231,000 shares, representing 32.73% of the total shares[11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,306,476,129.09, a decrease of 0.51% compared to the end of the previous year[9]. - Total liabilities decreased from CNY 1,254,113,273.01 to CNY 1,096,153,638.51, a reduction of about 12.59%[27]. - Total equity increased from CNY 4,079,729,925.96 to CNY 4,210,322,490.58, an increase of approximately 3.2%[27]. - Current assets increased slightly from CNY 3,717,269,371.27 to CNY 3,737,439,959.66, representing a growth of about 0.54%[25]. - Cash and cash equivalents decreased from CNY 784,968,088.45 to CNY 612,706,057.05, a reduction of approximately 21.9%[25]. - Accounts receivable decreased from CNY 1,067,742,387.52 to CNY 1,062,675,937.51, a decline of about 0.38%[25]. - Inventory decreased from CNY 848,543,049.47 to CNY 813,220,428.66, a decrease of approximately 4.15%[25]. - Non-current assets decreased from CNY 1,616,573,827.70 to CNY 1,569,036,169.43, a decline of about 2.94%[26]. Operational Developments - The company has not disclosed any new product developments or market expansion strategies in this report[9]. - The company opened 21 new direct stores and 29 new franchise stores in Q1 2018, while closing 6 direct stores and 5 franchise stores[23]. - The company has established 16 distribution stores in Vietnam and Kuwait, and partnered with Woodland to open 30 brand exchange outlets in India[21]. Expenses - Financial expenses decreased to ¥4,910,492.78 from a loss of ¥626,822.34, primarily due to changes in the RMB to USD exchange rate and foreign exchange losses[14]. - Other income decreased by 99.12% to ¥5,000.00 from ¥566,000.00, primarily due to a reduction in government subsidies received[14]. - Non-operating income fell by 62.27% to ¥2,608,818.86 from ¥6,914,487.42, mainly due to a decrease in supplier penalty income[14]. - The company reported a significant decrease in other expenses, with non-operating expenses down by 73.82% to ¥205,268.60 from ¥784,152.77, mainly due to reduced penalty expenses[14]. - Sales expenses decreased to ¥106,616,248.20 from ¥121,696,812.86, a reduction of 12.4%[34]. - Management expenses decreased to ¥76,662,155.96 from ¥86,187,459.73, reflecting a decline of 11.0%[34].

Financial Performance - Net profit attributable to shareholders decreased by 25.01% to CNY 191,849,149.15 for the first nine months of the year[6]. - Operating revenue for the first nine months was CNY 2,272,987,056.11, a decrease of 0.65% year-on-year[6]. - Basic and diluted earnings per share both decreased by 25.00% to CNY 0.4785[6]. - The total profit for the first nine months of 2023 was ¥137,684,100.27, compared to ¥151,138,674.05 in the previous year, reflecting a decrease of approximately 9%[41]. - The company reported a total profit of ¥23,934,002.40 for Q3 2017, a decrease of 60.1% from ¥59,899,544.03 in Q3 2016[38]. - Net profit for Q3 2017 was ¥16,315,097.82, down 62.9% from ¥43,981,119.84 in Q3 2016[38]. - The net profit for the period was ¥50,359,598.08, up 30% from ¥38,782,809.34 in the same period last year[42]. Cash Flow - Net cash flow from operating activities improved to CNY 5,850,405.89 from a negative CNY 29,584,176.83 in the same period last year[6]. - The company's operating cash flow for the first nine months was ¥5,850,405.89, a significant improvement from a negative cash flow of -¥29,584,176.83 in the same period last year[44]. - Cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation[48]. - Net cash flow from operating activities was -$190.02 million, compared to a positive $206.46 million in the previous year[48]. - The ending cash and cash equivalents balance was $60.50 million, a decrease from $150.88 million year-over-year[49]. Assets and Liabilities - Total assets decreased by 8.00% to CNY 5,101,595,928.14 compared to the end of the previous year[6]. - Current liabilities decreased from CNY 1,102,595,574.75 to CNY 723,922,014.29, a reduction of about 34%[32]. - Total liabilities decreased from CNY 1,449,445,574.75 to CNY 1,055,767,014.29, reflecting a decrease of approximately 27%[32]. - Current assets decreased from CNY 3,890,770,400.61 to CNY 3,522,778,943.79, a decline of about 9.5%[31]. - Total equity decreased from CNY 4,095,531,163.33 to CNY 4,045,828,913.85, a decline of about 1.2%[32]. Revenue and Sales - The total operating revenue for Q3 2017 was ¥678,575,302.08, a decrease of 1.7% compared to ¥685,736,143.15 in Q3 2016[37]. - The total operating revenue for the company in Q3 2017 was CNY 2,260,103,396.33, with a slight decrease of 0.19% compared to the previous year[23]. - The company's operating revenue for Q3 2023 reached ¥281,365,669.21, a 24% increase from ¥226,929,096.99 in Q3 2022[41]. - The total sales revenue for the first nine months of 2023 was ¥686,891,266.49, representing a 5% increase from ¥656,746,529.36 in the same period last year[41]. Expenses - The total operating expenses for Q3 2023 were ¥188,422,249.60, which is a 28% increase compared to ¥146,917,921.85 in Q3 2022[41]. - The company’s sales expenses increased to ¥119,054,609.78 in Q3 2017, up 16.3% from ¥102,370,108.26 in Q3 2016[37]. - The company’s management expenses rose to ¥70,940,422.94 in Q3 2017, compared to ¥69,091,251.63 in Q3 2016[37]. Investments - The company reported an investment income of ¥6,781,711.21 in Q3 2017, an increase from ¥3,051,561.47 in Q3 2016[38]. - The company reported an investment income of ¥5,548,871.80 for Q3 2023, which is an increase of 35% from ¥4,100,325.55 in the same period last year[41]. - The company received $497 million from investment recoveries, slightly up from $485 million last year[49]. Shareholder Information - The number of shareholders at the end of the reporting period was 21,583[10]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 32.73% of the shares, with 131,231,000 shares[10]. - The employee stock ownership plan held 6.65 million shares, accounting for 1.66% of the total share capital[27]. Product Development and Market Expansion - The company continues to expand its product offerings and market presence through various structured deposits and wealth management products[20]. - The company plans to focus on market expansion and new product development in the upcoming quarters[41]. - The company expanded its presence in Southeast Asia, opening 13 new dealer stores in countries like Vietnam[25].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,594,411,754.03, a decrease of 0.49% compared to ¥1,602,226,278.28 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2017 was ¥175,011,504.03, down 17.25% from ¥211,504,076.67 in the previous year[15]. - Basic earnings per share for the first half of 2017 were ¥0.4365, down 17.25% from ¥0.5275 in the same period last year[16]. - The company's total revenue for the reporting period was ¥1,587,751,319.20, with a gross profit margin of 37.67%, reflecting a slight decrease of 0.10 percentage points compared to the previous year[56]. - The company's total equity decreased to CNY 3,696,538,160.57 from CNY 3,870,456,891.77 year-on-year[99]. - The company reported a profit before tax of CNY 221,089,600.79, down from CNY 273,383,145.25 in the previous year[101]. - The company incurred a tax expense of CNY 46,229,301.94, compared to CNY 61,989,498.11 in the same period last year[101]. - The company’s total comprehensive income for the period was CNY 174,625,683.85, down from CNY 214,262,431.64 in the previous year[101]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 38.67% to ¥163,109,808.17, compared to ¥117,626,307.09 in the same period last year[15]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥432,399,335.92, restricted due to pledges and margin deposits[47]. - The company reported a net cash outflow from investing activities of CNY 10,110,997.48, compared to a net inflow of CNY 131,190,915.27 in the same period last year[108]. - The company paid CNY 245,277,757.46 in dividends and interest, a decrease of 28.5% from CNY 343,805,515.86 in the previous year[108]. - The total cash inflow from investment activities was CNY 307,189,680.84, down from CNY 724,196,380.18 in the previous year[107]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,160,523,464.17, a decrease of 6.93% from ¥5,544,976,738.08 at the end of the previous year[15]. - The company's total liabilities decreased from RMB 1,449,445,574.75 to RMB 1,130,954,616.99, reflecting a reduction of about 21.9%[94]. - The total equity attributable to the owners of the parent company was RMB 4,028,987,877.52, down from RMB 4,094,798,988.49, indicating a decrease of approximately 1.6%[95]. - Cash and cash equivalents decreased from RMB 889,480,974.44 to RMB 786,075,506.74, a decline of about 11.6%[93]. - The accounts receivable balance at the end of the period is 881,493,104.15 RMB, with a bad debt provision of 53,794,753.90 RMB, indicating a provision ratio of 6.10%[192]. Operational Highlights - The company opened 235 new stores during the first half of 2017, bringing the total number of stores to 3,203[53]. - The company has established a dedicated membership management department, with a total membership growth of 2.05 million in the first half of the year, enhancing brand recognition[28]. - The company’s online sales accounted for 12.64% of total revenue in the first half of 2017, reflecting stable growth in e-commerce channels[22]. - The company has patented 21 new designs through its shoe research institute, enhancing product value and innovation capabilities[28]. - The company is focusing on expanding its direct sales model to strengthen control over retail channels, responding to evolving consumer demands[21]. Research and Development - Research and development expenses rose by 52.64% to approximately ¥15.33 million, compared to ¥10.04 million in the previous year, indicating a focus on innovation[29]. - Total R&D investment accounted for 0.96% of operating revenue[42]. - R&D expenses increased by 52.64% year-on-year, mainly due to higher salaries for R&D personnel and increased material consumption[31]. Risks and Compliance - The company has not disclosed any significant risks or non-operational fund occupation by controlling shareholders[3]. - The report includes a forward-looking statement risk declaration, indicating uncertainties in future plans and strategies[2]. - The company has committed to minimizing and regulating related party transactions, ensuring fairness and compliance with legal regulations[73]. - The company has no significant litigation or arbitration matters during the reporting period, ensuring a stable legal environment for operations[75]. Shareholder Information - The company reported a total of 212,867,754 shares represented at the annual general meeting, accounting for 53.0868% of the total shares[70]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., holds 131,231,000 shares, representing 32.73% of the total shares[85]. - The employee stock ownership plan holds 6.65 million shares, accounting for 1.66% of the company's total share capital, with no changes in the scope or number of participants during the reporting period[76]. Financial Reporting and Standards - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[132]. - The preparation of consolidated financial statements includes all subsidiaries controlled by the parent company, based on the financial statements of the parent and its subsidiaries[137]. - The company recognizes sales revenue when the risks and rewards of ownership are transferred to the buyer, and the revenue amount can be reliably measured[177].

Financial Performance - Operating revenue for the first quarter was CNY 881,691,892.42, a decline of 0.81% year-on-year [6]. - Net profit attributable to shareholders decreased by 3.42% to CNY 101,151,074.89 compared to the same period last year [6]. - Total operating revenue for Q1 2017 was ¥881,691,892.42, a decrease of 0.14% compared to ¥888,917,150.73 in the same period last year [28]. - Net profit for Q1 2017 was ¥113,972,809.26, representing a 1.22% increase from ¥112,603,173.61 in the previous year [29]. - Total profit for Q1 2017 was ¥58.13 million, slightly up from ¥57.33 million in the same period last year [32]. Assets and Liabilities - Total assets decreased by 4.39% to CNY 5,301,768,221.52 compared to the end of the previous year [6]. - Total current assets decreased from CNY 3.89 billion at the beginning of the year to CNY 3.67 billion by the end of the first quarter [22]. - Total liabilities decreased from CNY 1.45 billion at the beginning of the year to CNY 1.09 billion by the end of the first quarter [23]. - The company's total assets were CNY 5.30 billion as of March 31, 2017, down from CNY 5.54 billion at the beginning of the year [24]. - Total liabilities were ¥443,242,830.09, a decrease from ¥505,974,877.87 in the previous quarter [27]. Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -9,094,538.40, compared to CNY -43,327,052.56 in the previous year [6]. - The net cash flow from operating activities was -¥9.09 million, an improvement from -¥43.33 million in the previous year [33]. - The company reported a net cash outflow from investing activities of -¥158.59 million, compared to -¥244.70 million in the previous period [34]. Shareholder Information - The total number of shareholders reached 23,118 [9]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., holds 32.73% of the shares, with 131,231,000 shares pledged [9]. - As of March 31, 2017, the employee stock ownership plan held 6.65 million shares, accounting for 1.66% of the total share capital [19]. Revenue Breakdown - The total operating revenue for the company reached approximately ¥877.08 million, with a gross profit margin of 38.66%, reflecting a year-over-year increase of 2.60% [15]. - The revenue from the independent stores was approximately ¥423.57 million, with a gross profit margin of 39.28%, showing a decrease of 3.03 percentage points compared to the previous year [16]. - The revenue from the mall channel was approximately ¥76.51 million, with a gross profit margin of 46.34%, indicating an increase of 13.66% year-over-year [16]. - The brand "Aokang" generated revenue of approximately ¥594.17 million, with a gross profit margin of 38.57%, reflecting a year-over-year increase of 2.49 percentage points [15]. - Online sales contributed CNY 93.33 million, representing a year-over-year increase of 1.33% and a gross margin of 49.22% [17]. Investment and Income - The company's investment income surged by 436.72% to ¥8,043,064.49 in Q1 2017 from ¥1,498,557.60 in Q1 2016, primarily due to increased returns from financial products [12]. - Non-operating income included CNY 9,243,064.49 from financial product investments [8]. - The company's non-operating income increased by 103.04% to ¥7,485,283.15 in Q1 2017 from ¥3,686,681.60 in Q1 2016, mainly due to increased penalty income [12]. Operational Efficiency - The overall operating cost was approximately ¥538.02 million, which represents a year-over-year increase of 4.56% [15]. - The company is committed to improving its operational efficiency and exploring new strategies for market expansion and product development [15]. - The company's management expenses increased to ¥35.49 million, up 34.2% from ¥26.48 million in the previous year [32].

Financial Performance - The company's operating revenue for 2016 was CNY 3,249,978,121.65, a decrease of 2.07% compared to CNY 3,318,818,012.67 in 2015[17]. - The net profit attributable to shareholders for 2016 was CNY 305,204,697.36, down 21.79% from CNY 390,227,750.80 in 2015[17]. - The basic earnings per share for 2016 was CNY 0.7611, reflecting a decrease of 21.79% compared to CNY 0.9732 in 2015[19]. - The company's total assets at the end of 2016 were CNY 5,544,976,738.08, a decrease of 1.78% from CNY 5,645,419,070.83 in 2015[18]. - The cash flow from operating activities for 2016 was CNY 358,149,466.38, a significant decrease of 72.45% compared to CNY 1,300,089,496.00 in 2015[17]. - The weighted average return on equity for 2016 was 7.46%, down from 9.79% in 2015, indicating a decrease of 2.33 percentage points[19]. - The gross profit margin for the overall business was 36.60%, which is a decrease of 7.27% compared to the previous year[44]. - The company reported a total comprehensive income for the year, reflecting its operational performance and financial health[163]. Revenue and Sales - In Q1, the company reported revenue of ¥888.92 million, with a net profit attributable to shareholders of ¥112.78 million, while in Q2, revenue decreased to ¥713.31 million and net profit to ¥98.73 million[21]. - The company’s online sales accounted for 14.46% of total revenue in 2016, indicating a stable growth trend in e-commerce channels[27]. - Online sales reached 465 million RMB, representing a year-on-year growth of 19.57%, with significant contributions from the Double Eleven shopping festival[37]. - Direct store revenue reached CNY 1,593,031,396.13 with a gross margin of 37.99%, reflecting a year-on-year increase of 2.69 percentage points[70]. - Franchise store revenue was CNY 1,089,882,014.86 with a gross margin of 31.08%, showing a year-on-year increase of 3.82 percentage points[70]. Costs and Expenses - Total operating costs for 2016 were CNY 2,832,906,085.53, down from CNY 2,841,275,004.92, reflecting a cost reduction strategy[173]. - Sales expenses increased by 9.20% to CNY 451,953,979.55, primarily due to increased business promotion costs and asset depreciation[54]. - Total sales expenses for 2016 amounted to CNY 451,953,979.55, representing 13.91% of operating income, an increase of 9.2% year-on-year[55]. - Advertising expenses decreased by 13.75% to CNY 52,985,887.67, while business promotion expenses surged by 60.25% to CNY 37,152,511.35[55]. Assets and Liabilities - The company's total liabilities decreased to CNY 1,449,445,574.75 from CNY 1,557,533,480.99, indicating a reduction in financial obligations[167]. - Cash and cash equivalents decreased to CNY 889,480,974.44 from CNY 1,331,696,736.82, showing a significant reduction in liquidity[166]. - Inventory levels rose to CNY 1,037,406,745.97 from CNY 918,633,481.95, indicating an increase in stock on hand[166]. - Accounts payable at the end of the period was CNY 749,055,390.26, up 7.01% year-on-year[79]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 6 per 10 shares, totaling CNY 240,588,000.00, which accounts for 78.83% of the net profit attributable to shareholders[2]. - The company approved a cash dividend of 7.5 RMB per 10 shares, totaling 300,735,000 RMB, which accounts for 77.07% of the net profit attributable to shareholders in 2015[92]. - The cash dividends distributed in 2014, 2015, and 2016 were 200,490,000 RMB, 300,735,000 RMB, and 240,588,000 RMB respectively[93]. Strategic Initiatives and Future Outlook - The company has outlined potential risks in its future development strategy, emphasizing the importance of investor awareness regarding investment risks[3]. - The company plans to enhance R&D capabilities by establishing overseas research centers in Korea and Taiwan, focusing on new materials and functions[88]. - The company aims to improve supply chain efficiency through global procurement and the introduction of smart manufacturing equipment[88]. - The company is exploring potential mergers and acquisitions to strengthen its market position[109]. - The management team emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[136]. Employee and Management Information - The total number of ordinary shareholders reached 26,787 at the end of the reporting period, an increase from 23,118 at the end of the previous month[123]. - The company has established a competitive and incentive-based compensation management system to align with strategic development goals[144]. - The total compensation for all directors, supervisors, and senior management was 5.2785 million yuan[142]. - The company has a total of 4,161 production personnel, 2,607 sales personnel, and 185 technical personnel among its employees[143]. Governance and Compliance - The company maintained complete independence from its controlling shareholder in terms of personnel, assets, and financial matters[156]. - The audit committee supervised the preparation of periodic reports and the appointment of auditing firms[153]. - The company actively communicated with stakeholders through various channels, including investor hotlines and performance briefings[149]. - The company has not reported any changes in its ordinary share capital structure during the reporting period[119].

Financial Performance - Operating revenue for the first nine months was CNY 2,287,962,421.43, a decrease of 2.71% year-on-year[7] - Net profit attributable to shareholders decreased by 5.26% to CNY 255,819,094.67 for the first nine months[7] - Basic earnings per share decreased by 5.21% to CNY 0.6380[9] - The weighted average return on equity decreased by 0.66 percentage points to 6.21%[7] - The total operating revenue for the company in Q3 2016 was approximately CNY 2.26 billion, with a gross profit margin of 36.28%, reflecting a decrease of 2.78% compared to the previous year[21] - The total revenue for the reporting period was CNY 2,264,488,985.23, with a gross profit margin of 36.28%, reflecting a decrease of 2.78% compared to the previous year[23] - The company anticipates no significant changes in net profit compared to the previous year, indicating stability in financial performance[20] Cash Flow - The net cash flow from operating activities was negative at CNY -29,584,176.83, a decline of 128.30% compared to the same period last year[7] - Operating cash inflow for the first nine months was CNY 2,821,136,491.62, while cash outflow was CNY 2,850,720,668.45, resulting in a net cash flow of CNY -29,584,176.83[45] - Investment activities generated a net cash flow of CNY -16,803,505.79, with cash inflow of CNY 822,073,995.52 and outflow of CNY 838,877,501.31[46] - Financing activities resulted in a net cash flow of CNY -345,580,379.27, with cash inflow of CNY 0.00 and outflow of CNY 345,580,379.27[46] - The total cash and cash equivalents at the end of the period was CNY 397,629,675.46, down from CNY 788,086,165.95 at the beginning of the period[46] Shareholder Information - The total number of shareholders reached 19,502 at the end of the reporting period[11] - The largest shareholder, Aokang Investment Holdings, holds 32.73% of the shares, with 131,231,000 shares pledged[11] - The company’s employee stock ownership plan now includes 48 participants, holding a total of 11.625 million shares, representing 2.90% of the total share capital[24] Revenue Breakdown - Online sales generated revenue of CNY 292,212,782.06, with a gross profit margin of 38.28%, an increase of 31.33% year-over-year[23] - Offline sales accounted for CNY 1,972,276,203.17 in revenue, with a gross profit margin of 35.99%, showing a decline of 6.39% compared to the previous year[23] - The brand "Aokang" generated operating revenue of approximately CNY 1.44 billion, with a gross profit margin of 35.82%, showing a year-over-year decline of 5.31% in revenue[21] - The brand "Kanglong" reported operating revenue of approximately CNY 318.73 million, with a gross profit margin of 37.38%, indicating a year-over-year increase of 4.09% in revenue[21] - The brand "Red Firebird" achieved operating revenue of approximately CNY 100.38 million, with a gross profit margin of 38.17%, reflecting a significant year-over-year increase of 18.97% in revenue[22] Operating Costs and Expenses - The total operating cost for the company was approximately CNY 1.44 billion, with a year-over-year increase of 6.20% in operating costs[22] - Operating expenses rose by 109.42% to ¥3,290,179.59 from ¥1,571,077.32, mainly due to increased penalty expenses[14] - The company reported a decrease in operating costs for Q3 2016 to CNY 146,917,921.85 from CNY 176,631,836.24 in Q3 2015, a reduction of approximately 16.8%[40] Assets and Liabilities - Total assets decreased by 5.81% to CNY 5,317,444,626.21 compared to the end of the previous year[7] - The total liabilities decreased to CNY 1,271,385,268.45 from CNY 1,557,533,480.99 at the beginning of the year[30] - Current assets totaled ¥3,224,476,597.30, down 7.4% from ¥3,484,216,232.68 at the beginning of the year[33] - The company's equity decreased to ¥3,786,641,785.72 from ¥3,974,022,780.19, a reduction of 4.7%[34] Investments - Cash recovered from investments increased by 61.80% to ¥809,000,000.00 from ¥500,000,000.00, primarily due to increased redemption of financial products[15] - The total investment in financial products reached ¥131,100,000.00, with a total return of ¥701,730.00 from redeemed products[16] - The company has ongoing investments in various financial products with annualized returns ranging from 2.55% to 4%[17] Other Financial Metrics - The company reported a total of CNY 8,551,221.28 in non-operating income for the third quarter[10] - The company reported a tax expense of CNY 12,927,603.12 for Q3 2016, significantly higher than CNY 2,219,420.96 in Q3 2015, reflecting an increase of approximately 482.5%[40] - The company reported a significant increase in cash received from sales, totaling CNY 862,893,572.83 for the first nine months, up from CNY 735,303,300.14 year-on-year[48]

Financial Performance - The company's operating revenue for the first half of 2016 was approximately CNY 1.60 billion, a decrease of 1.51% compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of 2016 was approximately CNY 211.50 million, down 3.06% year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 194.37 million, a decrease of 2.50% compared to the previous year[21]. - The net cash flow from operating activities was approximately CNY 117.63 million, a significant decline of 75.53% compared to CNY 480.66 million in the same period last year[21]. - The total assets at the end of the reporting period were approximately CNY 5.31 billion, down 5.89% from the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 4.00 billion, a decrease of 2.11% compared to the previous year[21]. - Basic earnings per share for the first half of 2016 were CNY 0.5275, a decrease of 2.82% from CNY 0.5428 in the same period last year[19]. - The weighted average return on net assets was 5.04%, down 0.54 percentage points from the previous year[19]. Revenue and Sales - The company reported a loss of CNY 45,409.66 from the disposal of non-current assets during the reporting period[21]. - The company received government subsidies amounting to CNY 1.57 million, which are closely related to its normal business operations[21]. - The company's revenue for the first half of 2016 was CNY 1,602,226,278.28, a decrease of 1.51% compared to the same period last year[26]. - The Southeast region showed the highest growth rate with a revenue of CNY 678,690,413.09, increasing by 19.31% compared to the previous year[40]. - Online sales during the 618 mid-year promotion increased by 45%, while offline sales grew by 43% year-on-year[26]. - The company added 1.1 million offline members, with member consumption accounting for 40% of total sales[27]. - The footwear segment generated revenue of CNY 1,587,336,385.14, with a gross margin of 37.77%, which is an increase of 2.37 percentage points year-on-year[40]. - Online sales accounted for CNY 214,894,543.21, with a year-on-year increase of 41.44%, while offline sales were CNY 1,372,441,841.93, decreasing by 5.98%[46]. Store Expansion and Operations - The company added 117 international stores and 24 leisure stores in the first half of the year, with plans to accelerate the expansion of "outlet" channels[25]. - The company opened 297 new stores and closed 191 stores in the first half of 2016, resulting in a total of 3,018 stores by the end of the period[46]. - The company has decided to slow down the expansion of its network due to changes in the retail environment and is focusing on optimizing existing resources[59]. Financial Investments - The company’s investment in Wenzhou Minsheng Bank amounted to CNY 198,000,000.00, representing a 9.90% stake[50]. - The company invested a total of 211,100,000 RMB in various financial products, achieving an actual return of 669,130,000 RMB, which represents a return rate of approximately 317.5%[54]. - The company utilized 155,100,000 RMB of its own funds and raised funds for these investments, ensuring that normal operational needs and project funding were not affected[54]. - The company has successfully recovered all principal and returns from matured financial products as of the announcement date[54]. - The company’s investment strategy includes a mix of short-term guaranteed and floating return products to enhance overall performance and shareholder returns[54]. Cash Flow and Liquidity - The net cash flow from operating activities for the first half of 2016 was CNY 117,626,307.09, a decrease of 75.5% compared to CNY 480,663,152.97 in the same period last year[112]. - Total cash inflow from operating activities was CNY 2,026,326,778.53, while cash outflow was CNY 1,908,700,471.44, resulting in a net cash inflow of CNY 117,626,307.09[112]. - Cash inflow from investment activities increased to CNY 724,196,380.18, compared to CNY 447,176,350.93 in the previous period, marking a growth of 62%[113]. - The net cash flow from investment activities was CNY 131,190,915.27, a significant improvement from a net outflow of CNY 263,073,036.10 in the same period last year[113]. - The ending balance of cash and cash equivalents was CNY 694,389,163.92, down from CNY 918,954,735.10 at the end of the previous period[113]. Shareholder Information - The company distributed a cash dividend of 7.5 RMB per 10 shares, totaling 300,735,000 RMB during the reporting period[70]. - The total number of shares held by major shareholders includes 131,231,000 shares by Aokang Investment Holdings, representing 32.73% of the total shares[90]. - Wang Zhentao, the actual controller, holds 60,556,717 shares, which is 15.10% of the total shares, having increased his holdings by 706,717 shares during the reporting period[94]. Assets and Liabilities - The company's total current assets decreased from 4,063,289,824.31 RMB to 3,677,696,212.77 RMB, a reduction of approximately 9.5%[99]. - Total assets decreased from CNY 5,645,419,070.83 to CNY 5,312,802,265.27, a decline of approximately 5.9%[101]. - Current liabilities decreased from CNY 1,193,891,880.99 to CNY 979,814,021.97, a reduction of about 18%[101]. - Total liabilities decreased from CNY 1,557,533,480.99 to CNY 1,311,374,021.97, a decline of about 15.8%[101]. - Owner's equity decreased from CNY 4,087,885,589.84 to CNY 4,001,428,243.30, a decrease of approximately 2.1%[101]. Research and Development - R&D expenditure decreased by 26.21% to CNY 10,040,389.56, primarily due to reduced material consumption[32]. - The company has faced delays in the investment progress of the information system and R&D center projects due to changes in business structure and the need for additional design time[59]. Corporate Governance - The company has appointed new executives, including Liu Hongguang as an independent director and Sun Weijun as vice president[95]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[92]. Compliance and Accounting - The financial statements are prepared based on the assumption of continuous operation and comply with the requirements of enterprise accounting standards[139]. - The company adopts the equity method for joint ventures, recognizing assets and liabilities based on ownership share[147]. - The company recognizes foreign currency transactions at the exchange rate on the transaction date, with differences accounted for in profit or loss[148].

Financial Performance - Operating revenue for the period was CNY 888,917,150.73, representing a year-on-year increase of 5.59%[6] - Net profit attributable to shareholders was CNY 112,775,099.81, up 3.52% from the same period last year[6] - Basic earnings per share were CNY 0.2812, an increase of 3.84% compared to CNY 0.2708 in the same period last year[6] - The company's total revenue for the first quarter was approximately ¥572.56 million, with a slight decrease of 0.74% compared to the previous year[18] - Total operating revenue for Q1 2016 was CNY 888,917,150.73, an increase of 5.3% compared to CNY 841,824,870.94 in the same period last year[32] - The net profit for Q1 2016 reached CNY 42,995,165.43, representing a growth of 81.9% from CNY 23,604,918.32 in Q1 2015[37] - The total profit for Q1 2016 was CNY 57,326,887.24, compared to CNY 27,770,492.14 in Q1 2015, marking a growth of 106.5%[36] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -43,327,052.56, compared to CNY 295,902,932.51 in the previous year[6] - Cash received from operating activities decreased by 46.94% to 61,861,180.62 from 116,591,002.05, mainly due to the recovery of deposits and guarantees[13] - Total cash inflow from operating activities was 1,094,142,652.44 RMB, while cash outflow was 1,137,469,705.00 RMB, resulting in a net cash outflow from operating activities[40] - The net cash flow from operating activities was -43,327,052.56 RMB, a significant decrease compared to 295,902,932.51 RMB in the previous period, indicating a decline of approximately 114.6%[40] - The net cash flow from operating activities for the parent company was 114,461,066.53 RMB, down from 175,796,396.66 RMB, indicating a decline of approximately 34.8%[42] - The company experienced a total net decrease in cash and cash equivalents of -310,341,170.98 RMB during the period[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,550,736,459.29, a decrease of 1.68% compared to the end of the previous year[6] - Total liabilities decreased to CNY 726,218,092.04 from CNY 597,889,515.03, indicating an increase of 21.5%[30] - Cash and cash equivalents decreased to CNY 1.09 billion from CNY 1.33 billion at the beginning of the year[24] - Inventory decreased to CNY 843.61 million from CNY 918.63 million at the beginning of the year[24] - Long-term equity investments decreased to CNY 439.41 million from CNY 447.80 million at the beginning of the year[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,608[10] - The largest shareholder, Aokang Investment Holding Co., Ltd., held 131,231,000 shares, accounting for 32.73% of the total shares[10] - Employee stock ownership plan held 11.625 million shares, representing 2.90% of the total share capital[21] Expenses and Costs - Management expenses increased by 33.89% year-on-year, primarily due to increased employee compensation and consulting service fees[12] - Cash paid to employees increased by 56.65% to 121,832,886.10 from 77,776,259.69, attributed to higher employee compensation[13] - Cash paid for taxes rose by 39.98% to 113,643,350.23 from 81,183,947.21, primarily due to increased corporate income tax payments[13] - Total operating costs for Q1 2016 amounted to CNY 753,745,401.13, up 5.7% from CNY 713,079,550.38 in Q1 2015[32] Investment Activities - Investment income dropped by 82.98% to 1,498,557.60 from 8,805,909.16, primarily due to losses from investments and reduced income from financial products[13] - The company redeemed various financial products, achieving total earnings of 92.15 million, 72.28 million, and other amounts from different investments during the reporting period[14] - The company reported an investment income of CNY 5,209,435.62 in Q1 2016, down from CNY 8,115,512.30 in the same period last year[36] Operational Metrics - The gross profit margin for the main brand, Aokang, was reported at 35.15%, which is a decrease of 0.50 percentage points year-on-year[18] - The operating income for the brand Kanglong reached approximately ¥136.73 million, reflecting an increase of 4.66% compared to the previous year[18] - The operating cost for Aokang was approximately ¥371.32 million, showing a minor increase of 0.03% year-on-year[18] - Online sales generated CNY 92.11 million with a gross margin of 46.04%, reflecting a year-over-year decrease of 4.83 percentage points[19] - Offline sales amounted to CNY 789.51 million, with a gross margin of 34.89%, showing a slight decrease of 0.11 percentage points year-over-year[19] Corporate Governance - The company has pledged to minimize and regulate related party transactions to protect the interests of shareholders[16] - There are no significant changes in net profit expected compared to the same period last year[17] - The company has established a commitment to ensure that any related party transactions are conducted fairly and transparently[16] - The company will bear all losses incurred due to any issues with property rights during the lease period[16]

Financial Performance - In 2015, the company's operating revenue reached CNY 3,318,818,012.67, an increase of 11.92% compared to CNY 2,965,300,754.71 in 2014[17] - The net profit attributable to shareholders was CNY 390,227,750.80, representing a 51.10% increase from CNY 258,256,285.18 in the previous year[17] - The net profit after deducting non-recurring gains and losses was CNY 350,520,241.58, up 62.20% from CNY 216,103,193.62 in 2014[17] - Cash generated from operating activities amounted to CNY 1,300,089,496.00, a significant increase of 793.01% compared to CNY 145,585,310.96 in 2014[17] - The company's total revenue for Q1 was approximately CNY 841.82 million, with a net profit attributable to shareholders of CNY 108.94 million[21] - In Q2, revenue decreased to approximately CNY 784.94 million, while net profit slightly increased to CNY 109.23 million[21] - Q3 saw a further decline in revenue to approximately CNY 724.95 million, with net profit dropping to CNY 51.84 million[21] - Q4 revenue rebounded to approximately CNY 967.10 million, with net profit increasing to CNY 120.22 million[21] - The total revenue for the year 2015 was approximately CNY 3.29 billion, representing a year-on-year increase of 33.10%[47] - The gross profit margin for the overall business was 33.10%, which decreased by 1.78 percentage points compared to the previous year[47] Assets and Liabilities - The company's total assets at the end of 2015 were CNY 5,645,419,070.83, reflecting a 19.13% increase from CNY 4,738,972,757.82 at the end of 2014[18] - The net assets attributable to shareholders increased to CNY 4,087,157,889.21, a growth of 5.07% from CNY 3,889,763,153.99 in 2014[18] - The total current liabilities rose to approximately CNY 1.19 billion, up from CNY 849.21 million, indicating an increase of about 40.8%[175] - Total liabilities reached CNY 1,557,533,480.99, compared to CNY 849,209,603.83, indicating a rise of 83.3%[180] Cash Flow - The net cash flow from operating activities in Q4 was CNY 1,195.57 million, a significant recovery from a negative cash flow of CNY -376.14 million in Q3[21] - The net cash flow from operating activities for 2015 was ¥1,300,089,496, an increase of ¥115,450.42 million compared to the previous year, primarily due to increased sales receipts[61] - The net cash flow from investing activities was -¥1,192,325,665.53, mainly due to cash outflows from purchasing financial products and investments in Wenzhou Minsheng Bank and Lanting Jishi[61] - The net cash flow from financing activities was -¥222,340,487.20, with cash inflows of ¥35,144.02 million from long-term bank loans and outflows of ¥57,378.07 million for deposit guarantees and dividend payments[62] Market and Sales - Online sales accounted for 11.83% of total revenue in 2015, indicating stable growth in this channel[28] - The company operates under a multi-brand strategy, with the main brand "Aokang" targeting mid-to-high-end products priced between CNY 299-699[25] - The footwear market in China is projected to reach CNY 438.39 billion by 2018, indicating significant growth potential[28] - The company expanded its collection stores to a total of 408, significantly boosting sales growth[43] - The Southeast, East China, and Central China regions accounted for 72.39% of total revenue, indicating strong market presence but facing increased competition from e-commerce[49] Research and Development - The company invested CNY 33,870,602.44 in R&D, marking a 19.21% increase from the previous year[42] - The company’s R&D expenses totaled CNY 33.87 million, accounting for 1.02% of total revenue, with 230 R&D personnel[60] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 7.5 per 10 shares, totaling CNY 300,735,000.00, which accounts for 77.07% of the net profit attributable to shareholders[2] - The company has committed to not transferring or entrusting shares for 36 months from the date of its stock listing, ensuring shareholder stability[94] - Major shareholders and directors have committed to not reducing their holdings in the company for 6 months, ensuring market confidence[95] - The company has established a system for employee representatives to participate in corporate governance, ensuring employee rights are protected[114] Employee and Management - The total number of employees in the parent company and major subsidiaries is 7,299, with 2,201 in the parent company and 5,098 in major subsidiaries[147] - The company emphasizes a competitive and performance-oriented compensation policy to attract and retain talent, aligning with strategic goals and market standards[148] - Training programs are designed for various levels, including a "100-day cultivation" plan for senior management and specialized training for middle management and reserve personnel[149] Compliance and Risk Management - There are no significant risks related to non-operating fund occupation by controlling shareholders or their affiliates[3] - The company has not faced any risks of suspension from listing during the reporting period[98] - The company has not encountered any significant prior period errors that would require correction[99] Investment and Financial Products - The total amount of principal for the investment products reached 8,000 million for the principal-protected floating income type, yielding a return of 27.40 million[105] - The guaranteed income type from Bank of China generated a return of 157.23 million on a principal of 6,100 million[105] - The total returns from various investment products indicate a strong performance across different banks, showcasing effective management of principal amounts[105]

Financial Performance - Operating revenue for the first nine months reached CNY 2,351,716,522.90, a growth of 12.13% year-on-year[7] - Net profit attributable to shareholders increased by 45.52% to CNY 270,012,062.99 compared to the same period last year[7] - Basic earnings per share increased by 45.47% to CNY 0.6731[11] - The company reported a net profit margin of approximately 34.5% for the first nine months of 2015, down from 39.8% in the same period last year[28] - The company achieved a net profit of ¥269.92 million for the first nine months of 2015, compared to ¥185.55 million in the same period of 2014, representing an increase of 45.43%[30] - Net profit for Q3 2015 was CNY 12,576,718.82, a decrease from CNY 34,872,864.56 in the same period last year[33] - Total comprehensive income for Q3 2015 was CNY 12,576,718.82, compared to CNY 34,872,864.56 in Q3 2014[33] Assets and Liabilities - Total assets increased by 9.36% to CNY 5,182,351,006.22 compared to the end of the previous year[7] - Non-current assets totaled ¥1.60 billion, significantly higher than ¥878.15 million at the start of the year, indicating a growth of 82.36%[24] - Current liabilities increased to ¥859.99 million from ¥849.21 million, a slight increase of 1.03%[24] - The total equity attributable to shareholders reached ¥3.97 billion, up from ¥3.89 billion, reflecting an increase of 2.54%[24] Cash Flow - The company reported a cash flow from operating activities of CNY 104,522,277.31, a significant recovery from a negative cash flow in the previous year[7] - Cash inflow from operating activities for the first nine months of 2015 was CNY 2,961,328,881.11, an increase from CNY 2,497,492,726.22 in the same period last year[36] - Cash outflow from investing activities for the first nine months of 2015 was CNY 1,160,572,319.38, up from CNY 648,464,565.50 in the same period last year[37] - Cash inflow from financing activities for the first nine months of 2015 was CNY 142,021,898.57, a recovery from a net outflow of -CNY 160,926,324.99 in the same period last year[37] Shareholder Information - The total number of shareholders reached 12,542 by the end of the reporting period[10] - The largest shareholder, Aokang Investment Holdings, holds 32.73% of the shares, with 84,150,000 shares pledged[10] - The company has committed to not reducing shareholdings by major shareholders and executives for six months from July 11, 2015, to January 10, 2016[17] Investments - Long-term equity investments reached ¥684,171,577.40, attributed to investments in Wenzhou Minshang Bank and Lanting Jishi[12] - Investment cash payments surged by 94.65% to ¥1,051,100,846.78, primarily due to investments in Wenzhou Minshang Bank and Lanting Jishi[13] - The company plans to continue expanding its investments in financial products to enhance returns on idle funds[15] Operational Metrics - Total revenue for the third quarter of 2015 was approximately ¥724.95 million, an increase of 12.14% compared to ¥646.35 million in the same period last year[28] - Operating profit for Q3 2015 reached ¥64.98 million, up 67.61% from ¥38.79 million in the same quarter last year[29] - Total operating costs for Q3 2015 were approximately ¥658.56 million, which is an increase of 6.73% from ¥616.89 million in Q3 2014[29] Inventory and Receivables - Accounts receivable decreased by 57.64% to ¥3,567,753.52 due to reduced use of bill settlements[12] - The company’s accounts receivable decreased to approximately ¥947.94 million from ¥1.11 billion at the beginning of the year, indicating improved receivables management[22] - The company’s inventory as of September 30, 2015, was approximately ¥899.56 million, showing an increase from ¥877.32 million at the beginning of the year[22]