Financial Performance - The company's operating revenue for Q1 2022 was ¥767,947,704.54, representing a decrease of 8.97% compared to the same period last year [2] - The net profit attributable to shareholders for Q1 2022 was ¥11,701,265.92, down 75.09% year-over-year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,473,162.35, a decline of 96.05% compared to the previous year [2] - The basic and diluted earnings per share for Q1 2022 were both ¥0.0306, reflecting a decrease of 75.06% [2] - The weighted average return on equity was 0.34%, a decrease of 0.96 percentage points from the previous year [2] - The total operating revenue for Q1 2022 was ¥767.95 million, a decrease of 9.0% compared to ¥843.63 million in Q1 2021 [20] - Net profit for Q1 2022 was ¥11.55 million, a decline of 76.3% from ¥48.69 million in Q1 2021 [21] - Total comprehensive income for Q1 2022 was ¥10.95 million, a decrease of 78.1% from ¥50.16 million in Q1 2021 [22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥54,218,374.91, indicating a significant cash outflow [2] - Cash flow from operating activities in Q1 2022 was negative at ¥54.22 million, an improvement from negative ¥204.81 million in Q1 2021 [24] - The cash flow from operating activities showed a net decrease of ¥140,175,552.67 in Q1 2022, compared to a decrease of ¥370,562,971.64 in the same period last year [25] - The total cash outflow from operating activities was ¥293,832,654.87, down from ¥340,430,824.00 in Q1 2021, indicating a reduction of 13.7% [31] - Cash and cash equivalents decreased to CNY 621,987,960.93 from CNY 843,337,905.83, reflecting a liquidity contraction [15] - Cash and cash equivalents at the end of Q1 2022 were ¥550,467,710.51, down from ¥690,643,263.18 at the beginning of the quarter [25] - The cash and cash equivalents at the end of Q1 2022 stood at ¥414,401,670.95, compared to ¥358,513,648.35 at the end of Q1 2021, reflecting a year-over-year increase of 15.6% [32] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥4,290,544,509.86, down 1.76% from the end of the previous year [3] - The total liabilities decreased from CNY 900,254,985.17 to CNY 805,818,898.73, indicating improved financial stability [17] - The company's total liabilities increased to ¥800,862,852.71 in Q1 2022 from ¥791,847,385.45 at the end of 2021 [26] - The total equity as of March 31, 2022, was ¥3,779,223,946.37, a slight increase from ¥3,773,846,982.72 at the end of 2021 [27] Revenue Breakdown - The company reported a total revenue of 757,351,141.43 CNY, with a gross profit margin of 45.98%, reflecting a decrease of 9.43% in revenue compared to the previous year [11] - The brand "Aokang" generated revenue of 457,943,213.88 CNY, with a gross profit margin of 47.88%, which increased by 5.47 percentage points year-over-year [11] - The brand "Kanglong" achieved revenue of 105,246,257.42 CNY, with a gross profit margin of 50.14%, showing a year-over-year increase of 1.15 percentage points [11] - The brand "Skechers" reported revenue of 101,711,781.31 CNY, with a gross profit margin of 36.31%, which decreased by 1.95 percentage points compared to the previous year [12] - Online sales generated CNY 162,349,674.63, up 39.31% year-over-year, while offline sales totaled CNY 595,001,466.80, down 17.33% year-over-year, with an offline gross margin of 49.36%, an increase of 5.11 percentage points [13] - The company reported a significant increase in export revenue, which rose by 43.50% year-over-year to CNY 6,373,000.76, with a gross margin of 20.25%, an increase of 7.17 percentage points [13] Operational Changes - The number of independent stores decreased from 380 to 369, with 11 closures in the first quarter of 2022 [14] - The company opened 37 new stores while closing 88, resulting in a net decrease in total stores from 2,614 to 2,563 [14] Investment Activities - The company utilized bank financial products amounting to 5,000.00 CNY with an annualized return of 1.60% during the reporting period [9] - The company redeemed bank financial products worth 7,000.00 CNY with an annualized return of 1.60% [9] - The company has invested in various bank financial products, including a 3,000.00 CNY product with a return of 1.50% [9] Strategic Focus - The company plans to continue expanding its market presence and developing new products to enhance profitability [10] - The overall performance of the company indicates a strategic focus on improving gross margins across its brands [11]

Financial Performance - The company's operating revenue for 2021 was CNY 2,958,569,639.91, representing an increase of 8.06% compared to CNY 2,737,859,878.91 in 2020[21] - The net profit attributable to shareholders of the listed company was CNY 34,052,108.68, a year-on-year increase of 21.87% from CNY 27,940,503.80 in 2020[21] - The total revenue for the company in 2021 was CNY 2,916,800,775.74, representing an increase of 8.64% compared to the previous year[79] - The gross profit margin improved to 41.16%, an increase of 1.19 percentage points compared to the previous year[79] - Basic earnings per share increased by 21.92% to CNY 0.0890 from CNY 0.0730[23] - The company reported a significant loss of RMB 66,612,008.30 from long-term equity investments, impacting overall profit[71] Cash Flow and Assets - The net cash flow from operating activities decreased by 48.59% to CNY 222,516,194.15 from CNY 432,854,824.82 in the previous year[21] - The total assets at the end of 2021 were CNY 4,367,329,037.41, a slight increase of 0.70% from CNY 4,336,947,326.95 at the end of 2020[21] - The net assets attributable to shareholders of the listed company decreased by 3.97% to CNY 3,458,104,768.81 from CNY 3,601,176,285.31 in 2020[21] - The total net cash flow from operating activities in Q4 was CNY 331,168,078.66, showing a significant recovery from previous quarters[25] Sales and Market Performance - Men's shoes generated revenue of ¥1,729,705,427.87, with a gross profit margin of 41.54%, reflecting a year-over-year increase of 14.60%[52] - The revenue from women's shoes was ¥989,915,626.81, with a gross profit margin of 39.09%, showing a slight decrease of 0.23% year-over-year[52] - The company reported a significant decline in export revenue, down 23.98% year-over-year, attributed to severe overseas pandemic conditions[52] - Online sales accounted for 18.70% of total revenue in 2021, with a gross margin of 34.76%, while offline sales made up 81.30% with a gross margin of 42.64%[83] Research and Development - Research and development expenses rose by 27.57% to CNY 43,766,870, driven by increased personnel costs and material expenses[48] - The company holds 190 research patents, focusing on creating footwear that meets the needs of the domestic market[43] - The total R&D investment accounted for 1.48% of operating revenue, with RMB 43,766,869.51 in total R&D expenditures[65] Strategic Initiatives - The company launched new product lines including the "万步系列" and "云朵系列" focusing on comfort and innovative materials[34] - The company is focusing on brand positioning as a "comfort expert" in men's footwear, enhancing brand recognition and market presence[32] - The company plans to continue its strategic upgrade to capture growth in men's footwear sales and the Skechers brand[48] - The company aims to strengthen its brand strategy focusing on the main brand and men's shoes, positioning itself as an expert in comfortable men's leather shoes[52] Governance and Management - The company has established a transparent performance evaluation and incentive mechanism for its executives to promote sustainable development[109] - The total remuneration for the chairman, Wang Zhentao, was 1.2092 million yuan for the reporting period[114] - The company has maintained the same number of shares held by key executives, indicating stability in management ownership[114] - The company has a differentiated incentive compensation system aimed at attracting and retaining key talent, linking organizational performance with individual performance[136] Environmental Compliance - The company is classified as a key pollutant discharge unit, primarily discharging wastewater, waste gas, and noise[149] - The company has established a specialized wastewater treatment facility that operates normally, achieving compliance with discharge standards[151] - The company has implemented an emergency response plan for sudden environmental pollution incidents, in compliance with relevant laws and regulations[154] Shareholder Information - The annual shareholders' meeting on May 19, 2021, had 15 shareholders present, representing 204,834,430 shares, accounting for 53.51% of the total voting shares[112] - The first extraordinary shareholders' meeting on August 4, 2021, had 7 shareholders present, representing 192,867,993 shares, accounting for 50.39% of the total voting shares[113] - The company has proposed to change its business scope and amend certain provisions of its articles of association, which was discussed in the extraordinary shareholders' meeting[113] Future Outlook - Future guidance suggests a projected revenue growth of 10% for the upcoming fiscal year, driven by increased sales and market expansion efforts[117] - The company is committed to sustainability initiatives, targeting a 30% reduction in carbon emissions by 2025[118] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[116]

证券代码：603001 证券简称：奥康国际 投资者关系活动记录表 浙江奥康鞋业股份有限公司 | --- | --- | --- | |-------------------------|---------------------------------------------------------------------|------------------------------------------------------| | 投资者关系活动 \n类别 | □特定对象调研 \n□媒体采访 \n□新闻发布会 \n□现场参观 \n□其他 | □分析师会议 \n□业绩说明会 \n□路演活动 \n☑ 电话会议 | | 参会单位名称及 人员姓名 | 具体参与单位名单详见附件 | | | 会议时间 | 2022 年 3 月 18 日 | 15:00 | | 会议地点 | / | | | 上市公司接待 | 董事会秘书：翁衡先生 | | | 人员姓名 | | | | | 投资者提问交流 | | | | 问题 1 | ：国内疫情散发对于公司改革的推进有没有影响，公 | | | 司如何应对？ | | | | | 答复： ...

投资者关系活动记录表 证券代码：603001 证券简称：奥康国际 浙江奥康鞋业股份有限公司 | --- | --- | --- | |-----------------------|---------------------------------------------------------------------|----------------------------------------------------| | 投资者关系活动 \n类别 | □特定对象调研 \n□媒体采访 \n□新闻发布会 \n□现场参观 \n□其他 | □分析师会议 \n□业绩说明会 \n□路演活动 \n☑ 电话会议 | | | | 深圳盈泰投资-朱亚光 广发证券-糜韩杰 | | | 广发证券-张雨露 三亚鸿盛资产 | - 陈一雄 | | | 进门财经-凌锋 上海步耘投资 | - 史青 | | | | 上海步耘投资-肖晗 前海德毅资产-陈越 | | | 上海鹤禧投资 -耿荣晨 | 上海恬昱投资-肖建中 | | | | 华泰证券-朱南钰 融通基金-马春玄 | | | 汇安基金 -沈锦婷 | 德邦基金-石林 | | | 上海少 ...

证券代码：603001 证券简称：奥康国际 浙江奥康鞋业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-----------------------------------------------------------------------|----------------------------------------------------| | 投资者关系活动 \n类别 | ☑ 特定对象调研 \n□媒体采访 \n□新闻发布会 \n☑ 现场参观 \n□其他 | □分析师会议 \n□业绩说明会 \n□路演活动 \n□电话会议 | | | 方正证券 -陈佳妮 | 方正证券-解慧新 | | | 永赢基金-安慧丽 永赢基金 | - 胡翔宇 | | | | 国金资管-徐成 国金资管-杨欣 | | 参会单位名称及 | | 太平基金-徐琳 国元证券-刘雨航 | | 人员姓名 | | 睿远基金-须家怡 安信证券-王朔和 | | | 信达证券 -汲肖飞 | 恩宝投资-周翔 | | | 弘尚基金-张之馨 | | | 会议时间 | 2022 年 ...

Financial Performance - The company's revenue for Q3 2021 was CNY 620,787,549.51, representing a year-on-year increase of 9.62%[5] - The net profit attributable to shareholders was CNY -36,071,365.44, with a significant increase of 385.94% year-to-date, totaling CNY 45,238,971.59[5] - The basic earnings per share for the current period was CNY -0.0913, while the year-to-date figure was CNY 0.1169, reflecting a 381.07% increase[6] - Total operating revenue for Q3 2021 was 2,068,462,283.02 CNY, an increase from 1,528,186,109.15 CNY in Q3 2020, representing a growth of approximately 35.4%[28] - Net profit for Q3 2021 reached 46,561,016.97 CNY, compared to 8,611,486.99 CNY in Q3 2020, marking a significant increase of approximately 441.5%[29] - Earnings per share (EPS) for Q3 2021 was 0.1169 CNY, up from 0.0243 CNY in Q3 2020, reflecting an increase of approximately 382.3%[30] - Total comprehensive income for Q3 2021 was 45,316,906.57 CNY, compared to 3,165,499.22 CNY in Q3 2020, indicating a growth of approximately 1,428.5%[30] - The company reported a total profit of 67,252,062.69 CNY for Q3 2021, compared to 33,827,057.12 CNY in Q3 2020, marking an increase of approximately 98.5%[29] Revenue Breakdown - The total operating revenue for the reporting period reached CNY 2,112,577,416.74, an increase of 16.05% compared to the previous year[16] - The company experienced a 36.95% increase in revenue compared to the same period last year, primarily due to the impact of the COVID-19 pandemic and the implementation of new revenue standards[9] - Online sales generated CNY 352,755,946.90, with a gross profit margin of 34.77%, up 9.63 percentage points from the previous year[19] - Offline sales accounted for CNY 1,759,821,469.84, maintaining a gross profit margin of 42.74%, an increase of 11.58 percentage points year-on-year[19] - The revenue from independent stores was CNY 873,624,662.76, with a gross profit margin of 54.77%, up 4.08% from the previous year[16] - The revenue from the group purchase and online shopping channel was CNY 450,280,038.74, with a gross profit margin of 33.18%, an increase of 9.11 percentage points[16] - The revenue from the Aokang brand was CNY 1,342,185,484.67, with a gross profit margin of 41.82%, reflecting an increase of 11.31 percentage points year-on-year[18] - The revenue from the Kanglong brand was CNY 264,551,376.11, with a gross profit margin of 49.00%, an increase of 17.69 percentage points compared to the previous year[18] - The export revenue decreased to CNY 12,166,621.12, with a gross profit margin of 15.15%, down 11.36 percentage points year-on-year[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,143,214,773.28, a decrease of 4.47% compared to the end of the previous year[6] - The total current assets amounted to ¥2,718,513,940.32, down from ¥2,998,352,685.85 at the end of 2020[23] - The total assets as of September 30, 2021, were ¥4,143,214,773.28, compared to ¥4,336,947,326.95 at the end of 2020[24] - The company’s total current assets were 2,998,352,685.85 RMB, unchanged from the previous year[35] - The total liabilities decreased to ¥576,018,204.99 from ¥729,804,970.75 at the end of 2020[25] - Total liabilities amounted to ¥729,804,970.75, with a significant increase from the previous total of ¥803,825,757.43, reflecting a change of ¥74,020,786.68[37] - The total equity attributable to shareholders reached ¥3,601,176,285.31, showing stability compared to the previous figure[37] Cash Flow - The cash flow from operating activities showed a net outflow of CNY -108,651,884.51 year-to-date, indicating a significant cash flow challenge[6] - Cash inflow from operating activities for the first three quarters of 2021 was 2,162,955,916.50 CNY, compared to 1,828,449,832.69 CNY in the same period of 2020, indicating a growth of approximately 18.3%[32] - The net cash flow from operating activities was -108,651,884.51 RMB, a significant decrease compared to 1,747,257.61 RMB in the previous year[33] - Total cash inflow from investment activities was 447,143,449.65 RMB, down from 816,823,583.43 RMB year-over-year[33] - The net cash flow from investment activities was -242,517,802.56 RMB, contrasting with a positive 223,880,672.91 RMB in the same quarter last year[33] - Cash and cash equivalents at the end of the period totaled 369,689,143.06 RMB, a decrease from 474,488,142.53 RMB year-over-year[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,722[10] - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 111,181,000 shares, accounting for 27.73% of the total shares[11] Strategic Initiatives - The company is undergoing a brand upgrade and transformation strategy in collaboration with Junzhi Management Consulting Co., Ltd. from 2021 to 2024[21] - The company launched four new product series focusing on comfort and breathability, including a dual-layer hollow sole design and a lightweight cloud series[21] - The company aims to enhance product comfort and style, addressing common pain points for male customers[21] Accounting Standards - The company executed the new leasing standards starting from 2021, impacting the financial statements[34] - The implementation of the new leasing standards resulted in an adjustment of ¥74,020,786.68 for both right-of-use assets and lease liabilities[39] - The company has adopted a simplified retrospective approach for the new leasing standards, effective from January 1, 2021[39] - The company has not made adjustments to comparative period information under the new accounting standards, ensuring consistency in reporting[39]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 1.52 billion, representing a 52.44% increase compared to the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was approximately CNY 81.31 million, a significant increase of 331.95% year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached approximately CNY 63.84 million, marking a substantial increase of 3,604.39% compared to the previous year[17]. - Basic earnings per share for the first half of 2021 were CNY 0.2124, up 331.71% from CNY 0.0492 in the same period last year[18]. - The company's total revenue for the first half of 2021 reached ¥1,497,859,638.93, an increase of 54.39% compared to the same period last year[62]. - The gross profit margin improved to 42.71%, an increase of 11.15 percentage points year-on-year[62]. - The company reported a net profit of ¥127.78 million from its subsidiary Aokang Sales, with total assets of ¥224,380.73 million[57]. - The company reported a net loss of ¥191,393,134.50 for the first half of 2021[140]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately CNY -131.22 million, indicating a decline in cash generation from operations[17]. - The company reported a net cash flow from operating activities of -¥131,216,563.80, a decrease of ¥55,065,800 compared to the previous year[32]. - The company's total assets decreased by 5.72% to approximately CNY 4.09 billion compared to the end of the previous year[17]. - The company's cash and cash equivalents were RMB 696,855,147.88, down from RMB 981,626,199.31, indicating a decrease of approximately 29.0%[110]. - The company reported a significant reduction in accounts payable, decreasing by 48.97% to ¥264,931,174.10 due to reduced external procurement[50]. - The company reported a total revenue of 244,423,612.20 RMB from sales and services, slightly up from 227,908,910.20 RMB in the previous period[128]. Operating Costs and Expenses - Operating costs increased by 27.53% to ¥866,814,108.95, primarily due to higher sales volume[33]. - Sales expenses surged by 157.67% to ¥417,819,119.84, mainly due to the new revenue recognition standards that included mall and e-commerce platform fees as service costs[33]. - The company's total operating costs for the first half of 2021 were CNY 205,341,582.05, which is a 47.5% increase from CNY 139,091,172.15 in the same period of 2020[121]. - The company incurred total operating expenses of 390,386,153.13 RMB, compared to 297,350,829.09 RMB in the previous period, reflecting a 31.2% increase[128]. Research and Development - Research and development expenses increased by 7.71% to ¥18,523,745.59, reflecting higher personnel costs in R&D[33]. - Research and development expenses for the first half of 2021 were ¥18,523,745.59, slightly up from ¥17,197,567.64 in the previous year[117]. - The company’s research and development expenses increased to CNY 15,684,277.82, up 38.0% from CNY 11,382,339.38 in the first half of 2020[121]. Shareholder Information - The company reported a total of 204,834,430 shares represented at the annual general meeting, accounting for 53.51% of the total shares with voting rights[71]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., holds 111,181,000 shares, accounting for 27.73% of the total shares[101]. - The company has a repurchase account for shares, which was used for an employee stock ownership plan[102]. Environmental Compliance - The company reported wastewater discharge with specific pollutants including a pH value of 7.36 and ammonia nitrogen at 14.2 mg/L, exceeding the standard limit for ammonia nitrogen of 35 mg/L[79]. - The company operates a secondary mixed sedimentation and aerobic biochemical system for wastewater treatment, which meets municipal discharge standards[80]. - The company has established an emergency response plan for sudden environmental pollution incidents[82]. Strategic Initiatives - The company launched a Customer Data Platform (CDP) to enhance member management and provide personalized marketing strategies[30]. - The company is actively pursuing digital transformation and smart manufacturing to enhance supply chain efficiency and product lifecycle management[30]. - The company adopted a multi-brand operation model, focusing on brands like "Aokang" and "Kanglong" to cater to different consumer segments[22]. Financial Instruments and Accounting Policies - The company’s accounting policies are tailored to its operational characteristics, particularly regarding financial instruments and asset depreciation[147]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[158]. - The company recognizes gains or losses from the transfer of financial assets based on the difference between the carrying amount and the consideration received[163].

Financial Performance - The company's operating revenue for 2020 was CNY 2,737,859,878.91, a slight increase of 0.42% compared to CNY 2,726,480,726.05 in 2019[21] - The net profit attributable to shareholders for 2020 was CNY 27,940,503.80, representing a 24.20% increase from CNY 22,497,156.13 in 2019[21] - The net cash flow from operating activities significantly increased by 289.33% to CNY 432,854,824.82 from CNY 111,180,719.72 in 2019[21] - The total assets of the company decreased by 3.29% to CNY 4,336,947,326.95 at the end of 2020, down from CNY 4,484,655,090.70 in 2019[21] - The basic earnings per share for 2020 was CNY 0.0730, an increase of 25.86% compared to CNY 0.0580 in 2019[22] - The weighted average return on net assets for 2020 was 0.76%, an increase of 0.18 percentage points from 0.58% in 2019[22] - The net profit attributable to shareholders rose by 24.20% to CNY 27.94 million[41] - The company reported a net profit of CNY -17,348,748.16 after deducting non-recurring gains and losses, compared to CNY -30,078,528.55 in 2019[21] Cash Flow and Investments - The net cash flow from operating activities increased to ¥432,854,824.82, up by ¥321,674,100.10 compared to the previous year[64] - The net cash flow from investing activities decreased to ¥140,285,779.78, down by ¥22,091,325.51 year-on-year[64] - The net cash flow from financing activities was -¥191,883,134.50, a decrease in outflow of ¥49,217,376.76 compared to the previous year[65] - The company's cash and cash equivalents increased by ¥379,653,802.10, compared to an increase of ¥32,601,505.64 in the previous year[64] Revenue and Sales Channels - The company has expanded its sales channels to include online platforms such as Taobao, Tmall, and JD, alongside traditional retail[31] - Online sales accounted for 19.44% of total revenue, with a revenue of CNY 521,992,436.70, while offline sales contributed 80.56% with CNY 2,162,947,249.85[76] - The company plans to enhance its online sales channels and focus on social e-commerce strategies in response to the challenges posed by the COVID-19 pandemic[88] Cost Management - Operating costs decreased by 7.36% to CNY 1,642.44 million, contributing to improved profitability[41] - Total operating costs for the footwear business were 1,611,846,787.69 RMB, a decrease of 8.22% compared to the previous year[53] - Management expenses decreased by 12.10% to 233,873,908.76 RMB, primarily due to reductions in employee compensation and depreciation[59] Research and Development - R&D expenses decreased by 27.34% to CNY 34.31 million, reflecting a focus on cost management[43] - The total R&D investment accounted for 1.25% of the company's operating revenue, with 255 R&D personnel, representing 5.35% of the total workforce[62] - The company aims to enhance its R&D capabilities by integrating new materials, processes, and technologies to improve product quality and efficiency[92] Market Strategy and Expansion - The company operates under a multi-brand strategy, with the main brand "Aokang" targeting mid-to-high-end consumers aged 25-35, with price ranges from CNY 299 to CNY 699[29] - The company plans to enhance its market expansion through group purchasing initiatives targeting enterprises and social organizations[30] - The company is expanding its market presence in Southeast Asia, aiming for a 20% market share by 2025[142] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 5 per 10 shares, totaling CNY 191,393,134.50, based on the adjusted share count after buybacks[5] - The company's net profit for the year was CNY 27,940.5 million, with a cash dividend distribution of CNY 191.39 million, accounting for 685% of the net profit attributable to shareholders[98] - The company has distributed a total of approximately 1.5 billion RMB in cash dividends since its listing in 2012, with cash dividends from 2014 to 2019 representing 77.63%, 77.07%, 78.83%, 88.53%, 85.23%, and 850.74% of the net profit attributable to shareholders[120] Corporate Governance and Compliance - The company has no major litigation or arbitration matters during the reporting period[108] - The company has maintained good communication with stakeholders, including banks, creditors, employees, and consumers, to uphold their legitimate rights and interests[155] - The internal control audit report issued by Tianjian Accounting Firm provided a standard unqualified opinion, indicating no significant deficiencies in internal controls[160] Inventory and Accounts Receivable - Inventory at the end of the period was CNY 753,289,075.66, a decrease of 7.25% from CNY 812,155,359.93 at the end of the previous year[81] - The company reported a total accounts receivable balance of RMB 1,134,577,876.68, with a provision for bad debts amounting to RMB 140,360,555.14, resulting in a net book value of RMB 994,217,321.54 as of December 31, 2020[165] Future Outlook - The company provided a future outlook, projecting a revenue growth of 12% for the next fiscal year, targeting 1.68 billion[142] - New product launches included three innovative footwear lines, expected to contribute an additional 200 million in revenue[143] - The company plans to enhance its e-commerce platform, aiming for a 30% increase in online sales by the end of the next fiscal year[143]

Financial Performance - Total revenue for Q1 2021 reached CNY 843,630,164.85, representing a 92.15% increase compared to CNY 439,043,602.46 in the same period last year[5] - Net profit attributable to shareholders was CNY 46,966,499.92, a significant increase of 1,738.42% from CNY 2,554,714.23 in Q1 2020[5] - Basic and diluted earnings per share were both CNY 0.1227, up 1,731.34% from CNY 0.0067 in the same quarter last year[5] - Operating revenue for Q1 2021 reached ¥843.63 million, a 92.15% increase compared to ¥439.04 million in Q1 2020, primarily due to the impact of COVID-19 in the previous year[12] - Operating profit for Q1 2021 was ¥56,122,331.85, compared to ¥10,793,518.91 in Q1 2020, indicating a growth of 419.5%[33] - Net profit for Q1 2021 was ¥59,519,890.54, a substantial rise from ¥11,677,586.12 in Q1 2020, marking an increase of 409.5%[33] - The company reported a total comprehensive income of ¥50,155,081.90 for Q1 2021, compared to ¥5,244,306.25 in Q1 2020[35] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 204,810,934.43, slightly improved from -CNY 208,992,456.09 in the previous year[5] - Cash received from sales of goods and services was ¥647.68 million, a 40.22% increase from ¥461.90 million in the same period last year, reflecting recovery from the pandemic[14] - Cash inflow from operating activities was ¥706,389,508.03 in Q1 2021, up from ¥519,858,770.62 in Q1 2020[40] - The total cash inflow from operating activities was 150,659,761.70 RMB, up from 121,648,164.48 RMB in the same period last year, representing an increase of about 23.9%[42] - The total cash and cash equivalents at the end of Q1 2021 were 358,513,648.35 RMB, compared to 212,297,938.55 RMB at the end of Q1 2020, showing an increase of about 68.8%[43] - Cash and cash equivalents were reported at ¥411,634,949.22, down from ¥713,130,356.62, indicating a decrease of 42.3%[29] Assets and Liabilities - Total assets decreased by 3.33% to CNY 4,192,458,218.09 from CNY 4,336,947,326.95 at the end of the previous year[5] - Total liabilities decreased to ¥506,173,337.36 from ¥571,023,866.53, representing a reduction of 11.4%[31] - Shareholders' equity increased to ¥3,922,032,063.78 from ¥3,894,836,371.23, reflecting a growth of 0.7%[31] - Total assets as of March 31, 2021, amounted to ¥4,428,205,401.14, slightly down from ¥4,465,860,237.76 at the end of 2020[31] Expenses and Costs - Sales expenses surged by 196.30% to ¥216.82 million from ¥73.17 million, mainly due to the implementation of new revenue standards and increased service fees[12] - The cost of goods sold was ¥477,317,488.96, reflecting a year-over-year increase of 60.91%[18] - Total operating costs for Q1 2021 were ¥763,280,942.73, up from ¥438,744,497.13 in Q1 2020, reflecting a 74.0% increase[33] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[12] - The company plans to continue investing in new product development and market expansion strategies in the upcoming quarters[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,065[9] - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 27.73% of the shares, with a total of 111,181,000 shares[9] Other Financial Metrics - The weighted average return on equity rose to 1.30%, an increase of 1.23 percentage points compared to 0.07% in the previous year[5] - The company reported non-operating income of CNY 9,708,957.79, primarily from government subsidies and other income sources[7] - The company reported a 179.91% increase in taxes payable, reaching ¥39.93 million, due to increased uncollected value-added tax[12] - Research and development expenses increased to ¥7,430,657.34 in Q1 2021, compared to ¥5,368,829.59 in Q1 2020, reflecting a focus on innovation[37]

Financial Performance - Operating revenue for the first nine months was CNY 1,564,661,084.32, representing a decrease of 20.69% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY 9,309,647.24, a decline of 91.21% compared to the same period last year[6]. - Total revenue for the reporting period was CNY 1,523,986,146.52, a decrease of 22.12% compared to the previous year[22]. - The net profit for Q3 2020 was a loss of CNY 9,783,789.33, compared to a profit of CNY 10,295,221.96 in Q3 2019, indicating a significant decline in profitability[36]. - The total comprehensive income for Q3 2020 was a loss of CNY 18,201,398.48, compared to a gain of CNY 18,127,054.77 in Q3 2019, highlighting the impact of market conditions on overall performance[38]. - The company reported a net profit of CNY 1,225,536,049.10 in retained earnings, down from CNY 1,407,619,536.36[28]. - The company reported a total comprehensive income of CNY 9,035,629.70 for Q3 2020, down from CNY 37,429,865.36 in Q3 2019, reflecting a decrease of approximately 75.9%[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,104,576,698.50, a decrease of 8.48% compared to the end of the previous year[6]. - Total liabilities decreased to CNY 505,986,760.17 from CNY 697,347,517.09 year-over-year[28]. - Total current assets decreased to approximately ¥2.79 billion, down 6.3% from ¥2.98 billion at the end of 2019[31]. - The company's total equity was CNY 3,787,307,573.61, consistent with the previous reporting period[53]. - The company's accounts payable decreased by 32.89% to ¥322.13 million, mainly due to reduced external procurement[14]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 1,747,257.61, a significant recovery from a negative cash flow of CNY 235,081,510.84 in the previous year[6]. - Cash flow from operating activities for the first nine months of 2020 was CNY 1,747,257.61, a significant improvement from a negative cash flow of CNY -235,081,510.84 in the same period of 2019[44]. - Cash and cash equivalents at the end of Q3 2020 amounted to CNY 474,488,142.53, an increase from CNY 216,093,896.79 at the end of Q3 2019[45]. - Cash and cash equivalents increased to approximately ¥410.72 million, compared to ¥188.43 million at the end of 2019[31]. - The cash inflow from investment activities for the first nine months of 2020 was CNY 816,823,583.43, compared to CNY 1,145,818,277.83 in the same period of 2019, indicating a decrease of about 28.7%[44]. Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 3,590,629,460.54, down 4.96% from the end of the previous year[6]. - The total number of shareholders at the end of the reporting period was 14,385[11]. - The largest shareholder, Aokang Investment Holding Co., Ltd., held 111,181,000 shares, accounting for 27.73% of the total shares[11]. Investment and Financial Products - The company reported a total of CNY 13,344,795.34 in non-recurring gains and losses for the reporting period[9]. - Investment income rose by 254.84% to ¥24.1 million, mainly from long-term equity investments[16]. - The company has launched new financial products with a total value of 5,000 million, expected to yield a return rate of 1.50%[20]. - The company has maintained a stable return rate of 3.50% on several financial products throughout the reporting period[19]. - The company has committed to ongoing research and development in financial products to enhance user engagement and market presence[21]. Market and Operational Strategy - The company plans to continue expanding its online sales channels and improve operational efficiency to counteract declining offline sales[23]. - The company is focused on market expansion and enhancing its product portfolio to drive future growth[21]. - Future outlook remains cautious due to ongoing market volatility and economic uncertainties, with a focus on cost management and strategic investments in key areas[36].