南极电商股份有限公司 2016 年第三季度报告正文 证券代码：002127 证券简称：南极电商 公告编号：2017-007 南极电商股份有限公司 2016 年第三季度报告正文 1 南极电商股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张玉祥、主管会计工作负责人凌云及会计机构负责人(会计主管 人员)季楠声明：保证季度报告中财务报表的真实、准确、完整。 2 南极电商股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,814,888,537.81 | 1,372,789,852.00 | | 32. ...

南极电商股份有限公司 2016 年第三季度报告正文 证券代码：002127 证券简称：南极电商 公告编号： 南极电商股份有限公司 2016 年第三季度报告正文 1 南极电商股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张玉祥、主管会计工作负责人凌云及会计机构负责人(会计主管 人员)季楠声明：保证季度报告中财务报表的真实、准确、完整。 2 南极电商股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,514,694,317.55 | 1,372,789,852.00 | | 10.34% | | ...

Financial Performance - The company's operating revenue for the first half of 2016 was RMB 159,019,166.81, representing a 39.42% increase compared to RMB 114,061,643.88 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 85,078,812.08, a significant increase of 156.13% from RMB 33,216,473.32 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was RMB 78,882,778.19, up 147.79% from RMB 31,834,504.20 year-on-year[19]. - The net cash flow from operating activities reached RMB 59,669,647.36, marking a substantial increase of 294.74% compared to RMB 15,116,035.67 in the previous year[19]. - The basic earnings per share decreased to RMB 0.060, down 71.43% from RMB 0.21 in the same period last year[19]. - The diluted earnings per share also decreased to RMB 0.050, a decline of 76.19% from RMB 0.21 year-on-year[19]. - The weighted average return on net assets was 6.05%, down from 10.31% in the previous year, indicating a decrease of 4.26%[19]. Revenue Sources - The brand service fee amounted to CNY 74.37 million, up 67.63% compared to the previous year, while the sign usage fee surged by 231.12% to CNY 62.76 million[27]. - The "Nanji Ren" brand achieved sales of CNY 1.6 billion on Alibaba and CNY 496 million on JD.com, representing year-on-year growth of 87.79% and 188.37% respectively[30]. - The total GMV for the supply chain parks reached CNY 147.10 million, an increase of CNY 19.01 million from the previous year[31]. - Brand service fees generated ¥74,371,040.97, with a year-on-year growth of 97.52%[40]. - The company reported a significant increase in platform service fees, totaling ¥3,589,397.39, up by 49.23% compared to the previous year[40]. Market Expansion and Strategy - The company expanded its brand matrix, increasing the number of authorized suppliers to 525 and authorized distributors to 1,425, up by 103 and 372 respectively from 2015[28]. - The company plans to enhance its content marketing efforts to seek new profit growth points and improve overall profitability[37]. - The company is in the process of integrating new brands like "Palando" and "Cartelo Crocodile," expanding its market presence through acquisitions and partnerships[29]. - The company is focusing on market expansion, targeting a 20% increase in market share in the next fiscal year[94]. - Market expansion plans include entering three new provinces, aiming for a 10% market share in these regions by 2017[98]. Research and Development - Research and development investment rose by 19.94% to CNY 6.22 million, indicating a commitment to innovation[35]. - Research and development investments have increased by 40%, aiming to enhance technological capabilities and product offerings[95]. - The company is investing in new technology development, allocating 100 million RMB for R&D in the upcoming year[97]. Financial Stability and Governance - The company has established a modern corporate governance structure in compliance with relevant laws and regulations, ensuring effective operation and management[68]. - The board of directors consists of three independent directors, accounting for one-third of the total board members, ensuring compliance with legal requirements[69]. - The company has not encountered any issues with the use and disclosure of raised funds[60]. - The company has committed to investing in an e-commerce ecosystem service platform with a total investment of ¥7,258.55 million, with no funds utilized yet[54]. - The company has a dedicated investor relations management team to ensure accurate and timely information disclosure to all investors[70]. Shareholder Information - The company issued a total of 322,670,864 new shares, which included 291,158,259 shares for asset acquisition and 31,512,605 shares for raising supporting funds[105]. - The total number of shares increased from 769,129,766 to 1,091,800,630 after the capital reserve distribution, resulting in a 100% increase in shares[106]. - The company reported that the issuance of new shares has led to a decrease in basic and diluted earnings per share, as well as the net asset value per share attributable to ordinary shareholders[108]. - The total number of common shareholders at the end of the reporting period was 16,323[112]. - Zhang Yuxiang holds 26.78% of shares, totaling 411,929,782 shares, with 136,740,000 shares pledged[112]. Cash Flow and Liquidity - The company reported cash and cash equivalents of ¥742,577,834 at the end of the period, an increase from ¥682,233,670.56 at the beginning[125]. - The net cash flow from operating activities was -4,399,023.22 yuan, a decrease from 18,549,829.11 yuan in the previous period[144]. - The total cash inflow from operating activities was 413,083,155.82 yuan, while total cash outflow was 417,482,179.04 yuan, resulting in a net cash outflow of 4,399,023.22 yuan[144]. - The company reported a significant increase in cash and cash equivalents, indicating strong liquidity management[190]. Compliance and Legal Matters - There were no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[72]. - The company has not engaged in any asset acquisitions or sales during the reporting period, reflecting a focus on internal operations[75][76]. - The company has not undergone any bankruptcy restructuring during the reporting period, reflecting financial stability[74]. Future Outlook - The company provided a positive outlook for the second half of 2016, projecting a revenue growth of 30% year-on-year[95]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2016[93]. - The management is committed to maintaining financial independence and ensuring compliance with regulatory standards[93].

南极电商股份有限公司 2016 年半年度报告全文 南极电商股份有限公司 2016 年半年度报告 2016 年 08 月 1 南极电商股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人张玉祥、主管会计工作负责人凌云及会计机构负责人(会计主管 人员)季楠声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 2016 | 半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | 第二节 | 公司简介 7 | | 第三节 | 会计数据和财务指标摘要 9 | | 第四节 | 董事会报告 19 | | 第五节 | 重要事项 32 | | 第六节 | 股份变动及股东情况 36 | | 第七节 | 优先股相关情况 36 | | 第八节 | 董事、监事、高级管理人员情况 ...

南极电商股份有限公司 2016 年第一季度报告正文 证券代码：002127 证券简称：南极电商 公告编号：2016-044 南极电商股份有限公司 2016 年第一季度报告正文 1 南极电商股份有限公司 2016 年第一季度报告正文 第一节 重要提示 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 42,578,002.99 | 33,247,947.03 | | 28.06% | | 归属于上市公司股东的净利润（元） | 16,312,776.19 | 4,443,416.43 | | 267.12% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 10,878,783.82 | 4,243,741.20 | | 156.35% | | 经营活动产生的现金流量净额（元） | 13,426,988.38 | -39,857,669.79 | | | | 基本每股收益（元/股） | 0.02 | 0.01 | | 100.00% | | 稀释每股收益（元/股） | 0.02 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company completed a major asset restructuring in 2015, achieving a reverse acquisition by Antarctic E-commerce, with consolidated financial statements based on the legal subsidiary and a proposed 10-for-10 share transfer from capital reserves - The company completed a **major asset restructuring** in **2015**, achieving a **backdoor listing** for Antarctic E-commerce, constituting a **reverse acquisition**, with 2015 consolidated financial statements based on **Antarctic E-commerce (Shanghai) Co., Ltd.** as the legal subsidiary[4](index=4&type=chunk) - The board approved a profit distribution plan of **no cash dividends** and **no bonus shares**, but a **10-for-10 share transfer from capital reserves** to all shareholders, based on **769,129,766 shares**[6](index=6&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Key Accounting Data and Financial Indicators](index=9&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In 2015, the company achieved significant growth with operating revenue of **RMB 389 million** (+42.30%) and net profit of **RMB 172 million** (+158.37%), driven by strong second-half performance and a **242.49%** increase in total assets 2015 Key Financial Indicators | Indicator | 2015 | 2014 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 389,229,106.20 | 273,520,949.20 | 42.30% | | Net Profit Attributable to Shareholders (RMB) | 171,819,355.12 | 66,500,866.81 | 158.37% | | Net Cash Flow from Operating Activities (RMB) | 37,080,935.68 | 41,642,820.39 | -10.95% | | Basic Earnings Per Share (RMB/share) | 0.59 | 0.23 | 156.52% | | Weighted Average Return on Net Assets | 43.88% | 24.41% | 19.47% | | Total Assets (RMB) | 1,372,789,852.00 | 400,830,619.09 | 242.49% | | Net Assets Attributable to Shareholders (RMB) | 1,233,237,597.40 | 305,663,125.14 | 303.46% | 2015 Quarterly Key Financial Indicators (RMB) | | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 33,247,947.03 | 80,813,696.85 | 133,307,914.06 | 141,859,548.26 | | Net Profit Attributable to Shareholders | 4,383,409.63 | 28,833,063.69 | 52,951,508.74 | 85,651,373.06 | Non-Recurring Gains and Losses (RMB) | Item | 2015 Amount | 2014 Amount | 2013 Amount | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -115,253.57 | -6,907.52 | | | Government Grants Recognized in Current P&L | 7,009,667.09 | 3,826,424.38 | 7,258,225.38 | | Other Non-Operating Income and Expenses | 360,053.18 | 327,661.71 | -42,375.41 | | **Total** | **6,130,645.58** | **3,114,923.03** | **5,411,837.48** | [Company Business Overview](index=11&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) [Main Business](index=11&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main business, centered on brand licensing and e-commerce ecosystem services, saw significant expansion in **2015**, with "Antarctic" brand sales on Alibaba and JD growing by **77.95%** and **136.79%** respectively - The company's main business encompasses **brand licensing services**, **e-commerce ecosystem comprehensive service platform services**, **flexible supply chain park services**, **professional value-added services**, and **goods sales**[30](index=30&type=chunk) - By the end of **2015**, authorized suppliers reached **422** and authorized distributors reached **1,053**, increasing by **103** and **249** respectively from **2014**[30](index=30&type=chunk) - In **2015**, "Antarctic" brand product sales on Alibaba and JD platforms reached **RMB 3.136 billion** and **RMB 535 million** respectively, growing by **77.95%** and **136.79%** year-on-year[31](index=31&type=chunk) [Significant Changes in Major Assets](index=12&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%A6%81%E8%B5%84%E4%BA%A7%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%E6%83%85%E5%86%B5) Major assets significantly changed due to restructuring, with cash increasing by **350.28%**, and accounts receivable and other receivables growing by **102.59%** and **328.49%** respectively, driven by business expansion and equity transfers Explanation of Significant Changes in Major Assets | Major Asset | Explanation of Significant Change | | :--- | :--- | | Cash and Cash Equivalents | Increased by 350.28% compared to end of 2014, primarily due to the completion of major asset restructuring and supporting financing, with raised funds in place | | Accounts Receivable | Increased by 102.59% compared to end of 2014, primarily due to business expansion and increased operating revenue this year | | Other Receivables | Increased by 328.49% compared to end of 2014, primarily due to the implementation of major asset restructuring, resulting in receivables from equity transfers and employee economic compensation | [Core Competencies](index=12&type=section&id=%E4%B8%89%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include a strong "Antarctic" brand, leading e-commerce operations, superior resource integration, an innovative Amoeba management model, and accumulated talent, forming a robust competitive advantage in e-commerce services - **Brand Advantage**: The "Antarctic" brand, established in **1998**, boasts a strong market foundation, high brand recognition, and holds **180 registered trademarks**[35](index=35&type=chunk) - **E-commerce Platform Operational Advantage**: The company's early transformation and deep understanding of e-commerce operations enable it to provide **one-stop comprehensive services** including product planning, design, promotion, marketing, and big data analysis for SMEs[35](index=35&type=chunk)[36](index=36&type=chunk) - **Resource Integration Advantage**: The company enhances **supply chain efficiency** by offering **value-added services** like quality control, product design, big data analysis, and supply chain finance to suppliers and distributors via its e-commerce and supply chain platforms[37](index=37&type=chunk) - **Management Model Innovation**: The company's adoption of the **Amoeba management model**, dividing business into **independent operating units**, fostered autonomy and initiative, leading to a **significant increase in authorized suppliers and distributors** during the period[37](index=37&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Overview](index=14&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) **2015** marked the company's transformation into an e-commerce service enterprise via major asset restructuring, achieving **42.30%** revenue growth, primarily driven by **268.42%** and **60.95%** increases in trademark usage and brand service fees, respectively - In **2015**, the company underwent a **major asset restructuring**, divesting its **silk weaving business** and achieving a **backdoor listing** for **Antarctic E-commerce**, thereby transforming into an **e-commerce service enterprise**[41](index=41&type=chunk) 2015 Operating Revenue Composition and YoY Change | Revenue Category | 2015 Revenue (RMB 10,000) | YoY Change | | :--- | :--- | :--- | | Trademark Usage Fees | 10,103.17 | +268.42% | | Brand Service Fees | 17,255.10 | +60.95% | | Goods Sales Business | 10,716.83 | -21.29% | | Park Platform Services | 774.27 | +184.63% | | **Total Operating Revenue** | **38,922.91** | **+42.30%** | Number of Authorized Antarctic-Taobao/Tmall High GMV Stores | GMV (RMB) | 2014 | 2015 | | :--- | :--- | :--- | | Above 5 million | 117 | 250 | | Above 10 million | 110 | 162 | | Above 30 million | 24 | 68 | - The company established subsidiaries for **professional value-added services**, including **Yizhanmei (visual services)**, **Jiangrenzhixin (quality control)**, **Nanweilai (design)**, and **Shanghai Xiaodai (supply chain finance)**, with Xiaodai Financial Leasing utilizing nearly **RMB 100 million** in capital[46](index=46&type=chunk) [Main Business Analysis](index=17&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) In **2015**, the company's main business shifted, with modern service revenue growing **105.32%** to **72.47%** of total revenue and a **87.71%** gross margin, while apparel sales declined **21.29%**, reflecting a strategic pivot and increased R&D investment of **RMB 11.2 million** (+16.67%) Operating Revenue Composition (RMB) | By Industry | 2015 Amount | Share of Operating Revenue | 2014 Amount | Share of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Modern Service Industry | 282,060,801.13 | 72.47% | 137,373,478.49 | 50.22% | 105.32% | | Apparel Sales | 107,168,305.07 | 27.53% | 136,147,470.71 | 49.78% | -21.29% | Gross Profit Margin by Product | By Product | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Profit Margin | YoY Change in Gross Profit Margin | | :--- | :--- | :--- | :--- | :--- | | Brand Service Fees | 172,550,885.77 | 5,595,089.97 | 96.76% | 4.51% | | Trademark Usage Fees | 101,031,693.73 | 25,266,302.37 | 74.99% | 5.55% | | Goods Sales | 107,168,305.07 | 72,516,221.82 | 32.33% | 2.64% | - Selling expenses decreased by **30.41%** year-on-year due to the **closure of offline direct sales channels**, while administrative expenses increased by **52.00%** due to **business scale growth**[65](index=65&type=chunk) R&D Investment Overview | | 2015 | 2014 | Change Rate | | :--- | :--- | :--- | :--- | | R&D Personnel (people) | 164 | 112 | 46.43% | | R&D Investment (RMB) | 11,208,748.36 | 9,606,882.73 | 16.67% | | R&D Investment as % of Operating Revenue | 2.88% | 3.51% | -0.63% | - Net increase in cash and cash equivalents surged by **1,155.27%** year-on-year, primarily due to the addition of **Shanghai Xiaodai Financial Leasing Co., Ltd.**, which significantly boosted net cash flow from investing activities[70](index=70&type=chunk)[71](index=71&type=chunk) [Analysis of Assets and Liabilities](index=24&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) By **2015** end, total assets reached **RMB 1.373 billion** (+242.49%), with cash and cash equivalents increasing to **49.70%** of total assets due to restructuring and fundraising, while accounts receivable and inventory proportions decreased, reflecting rapid asset expansion Significant Changes in Asset Composition | Item | 2015 Year-End Amount | Share of Total Assets | 2014 Year-End Amount | Share of Total Assets | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 682,233,670.56 | 49.70% | 151,513,452.75 | 37.80% | Major increase in cash and cash equivalents due to restructuring and supporting fundraising | | Accounts Receivable | 359,834,438.95 | 26.21% | 136,840,782.17 | 34.14% | Proportion decreased due to significant increase in total assets | | Inventory | 68,263,851.65 | 4.97% | 56,355,523.27 | 14.06% | Proportion decreased due to significant increase in total assets | | Other Receivables | 169,112,832.40 | 12.32% | 37,498,489.14 | 9.36% | Primarily receivables from equity transfers for major asset disposal | | Other Non-Current Assets | 65,309,089.35 | 4.76% | 0.00 | 0.00% | Represents deductible input VAT retained from original business | [Investment Analysis](index=25&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company's primary investment was the **RMB 2.344 billion** acquisition of **100%** equity in Antarctic E-commerce (Shanghai) Co., Ltd. via share issuance, completing its backdoor listing and business transformation, with **RMB 271 million** in raised funds unused - The company acquired **100% equity** in **Antarctic E-commerce (Shanghai) Co., Ltd.** through share issuance, with an investment of approximately **RMB 2.344 billion**, achieving a significant **business transformation**[77](index=77&type=chunk) - In **December 2015**, the company raised net supporting funds of **RMB 271.13 million** through a **non-public offering**, which remained **unused** by the end of the reporting period[80](index=80&type=chunk) [Outlook on Company's Future Development](index=28&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) The company plans to deepen its "build brand, build ecosystem" strategy, aiming for a full-category consumer goods kingdom and multi-brand operations, with key initiatives in e-commerce, supply chain, influencer marketing, and supply chain finance, while managing risks like platform dependence and high accounts receivable - **Development Strategy**: The company will implement the **"build brand, build ecosystem" strategy**, leveraging the **"Antarctic" brand** to create a **full-category consumer goods kingdom** and pursue **multi-brand operations**[88](index=88&type=chunk)[91](index=91&type=chunk) - **Specific Strategies**: - Expand e-commerce platform business, consolidating its position on platforms like Taobao, Tmall, and JD[89](index=89&type=chunk) - Plan to add **10 to 15 one-stop supply chain platforms** in **2016**[90](index=90&type=chunk) - **Launch influencer projects** and sign influencers to enhance brand fashion recognition[91](index=91&type=chunk) - Prioritize **supply chain finance** development, expanding to external clients[92](index=92&type=chunk) - Integrate e-commerce service tools to form a marketing closed loop[92](index=92&type=chunk) - **Internal Governance**: The company will continue to advance the **Amoeba management model** to enhance **organizational flexibility**, while prioritizing **talent development** and **R&D projects**[92](index=92&type=chunk)[93](index=93&type=chunk)[94](index=94&type=chunk) - **Major Risks**: - **Platform Dependence Risk**: The main business is highly reliant on **third-party e-commerce platforms** like Taobao, Tmall, and JD[95](index=95&type=chunk) - **Accounts Receivable Risk**: Total accounts receivable at period-end was substantial at **RMB 298 million**, representing **21.71% of total assets**, indicating a **bad debt risk**[96](index=96&type=chunk) [Significant Events](index=31&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Profit Distribution and Capital Reserve to Share Capital Increase Plan](index=31&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E9%A2%84%E6%A1%88) The **2015** profit distribution plan proposes **no cash dividends** but a **10-for-10 share transfer from capital reserves** to all shareholders, based on **769,129,766 shares** 2015 Profit Distribution Plan | Item | Content | | :--- | :--- | | Bonus Shares per 10 Shares (shares) | 0 | | Cash Dividend per 10 Shares (RMB, pre-tax) | 0 | | Capital Reserve to Share Capital Increase per 10 Shares (shares) | 10 | | Share Capital Base for Distribution Plan (shares) | 769,129,766 | [Changes in Consolidated Financial Statement Scope](index=41&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8E%E4%B8%8A%E5%B9%B4%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A%E7%9B%B8%E6%AF%94%EF%BC%8C%E5%90%88%E5%B9%B6%E6%8A%A5%E8%A1%A8%E8%8C%83%E5%9B%B4%E5%8F%91%E7%94%9F%E5%8F%98%E5%8C%96%E7%9A%84%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The consolidated financial statement scope significantly changed due to a reverse acquisition, making Antarctic E-commerce (Shanghai) Co., Ltd. the accounting entity, divesting original businesses, and establishing **14 new subsidiaries** while liquidating **2** to support e-commerce and supply chain finance - The company's **major asset restructuring** constituted a **reverse acquisition**, changing the accounting entity to **Antarctic E-commerce (Shanghai) Co., Ltd.**. The original **silk weaving business** was divested and treated as an **equity transaction**[118](index=118&type=chunk)[119](index=119&type=chunk)[121](index=121&type=chunk) - To facilitate the transaction, the company established **Suzhou Xinmin Textile Co., Ltd.** as a wholly-owned subsidiary, then transferred its **100% equity** to Zhang Yuxiang, Jiangsu Gaotou, and Hu Meizhen, effectively **disposing of the original business entity**[125](index=125&type=chunk)[126](index=126&type=chunk) - The company established **new subsidiaries**, including **Shanghai Xiaodai Financial Leasing Co., Ltd. (75% stake)** and **Zhuji Huadong Yizhan Tong Women's Apparel E-commerce Co., Ltd. (51% stake)**, to expand **supply chain finance** and **supply chain platform services**, while **2 subsidiaries** were liquidated[128](index=128&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk) [Share Changes and Shareholder Information](index=51&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Capital Changes](index=51&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Due to a major asset restructuring, the company's total share capital increased from **446,458,902** to **769,129,766 shares** after issuing **322,670,864 shares** in January **2016**, resulting in a change of controlling shareholder and actual controller - Due to a **major asset restructuring**, the company issued **322,670,864 shares** to transaction and financing parties, registered on **January 8, 2016**, increasing total share capital from **446 million shares** to **769 million shares**[157](index=157&type=chunk) [Shareholders and Actual Controller Information](index=52&type=section&id=%E4%B8%89%E3%80%81%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) At period-end, the company had **18,601 shareholders**, with Oriental Xinmin Holdings, Wujiang Xinmin Industrial Investment, and Jiang Xueming as top holders; post-restructuring (**January 19, 2016**), control shifted to Zhang Yuxiang and Zhu Xuelian - At the end of the reporting period, **Oriental Xinmin Holdings Co., Ltd.** was the controlling shareholder, and **Mr. Jiang Xueming** was the actual controller[162](index=162&type=chunk)[164](index=164&type=chunk)[165](index=165&type=chunk) - Following the **major asset restructuring**, the company's controlling shareholder and actual controller changed to **Zhang Yuxiang and Zhu Xuelian** on **January 19, 2016**[164](index=164&type=chunk)[166](index=166&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=57&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) [Changes in Directors, Supervisors, and Senior Management](index=57&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Significant changes occurred in the company's directors, supervisors, and senior management due to major asset restructuring and control change, with former key personnel resigning and Mr. Zhang Yuxiang, "Antarctic" brand founder and new actual controller, appointed Chairman and General Manager - Due to **major asset restructuring** and **change of control**, the company experienced **extensive changes in its directors, supervisors, and senior management**, with many former members departing[172](index=172&type=chunk) - **Mr. Zhang Yuxiang**, the company's **new actual controller**, was appointed **Chairman and General Manager** in **February 2016**[173](index=173&type=chunk) [Financial Report](index=68&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=68&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Huapu Tianjian Certified Public Accountants (Special General Partnership) issued a **standard unqualified audit opinion** on the company's **2015** financial statements, confirming fair presentation in accordance with enterprise accounting standards - The auditing firm, **Huapu Tianjian Certified Public Accountants (Special General Partnership)**, issued a **standard unqualified audit opinion**[213](index=213&type=chunk)[216](index=216&type=chunk) [Financial Statements](index=69&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) In **2015**, the company achieved significant asset growth, with total assets reaching **RMB 1.373 billion** and net profit of **RMB 172 million**, while operating cash flow was **RMB 37.08 million** and investing activities generated **RMB 493 million** net inflow Consolidated Balance Sheet Summary (December 31, 2015) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 682,233,670.56 | 151,513,452.75 | | Accounts Receivable | 359,834,438.95 | 136,840,782.17 | | Inventory | 68,263,851.65 | 56,355,523.27 | | **Total Assets** | **1,372,789,852.00** | **400,830,619.09** | | Accounts Payable | 35,632,801.88 | 21,259,500.03 | | **Total Liabilities** | **137,434,394.57** | **94,492,763.77** | | Total Equity Attributable to Parent Company Owners | 1,233,237,597.40 | 305,663,125.14 | | **Total Liabilities and Equity** | **1,372,789,852.00** | **400,830,619.09** | Consolidated Income Statement Summary (2015) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 389,229,106.20 | 273,520,949.20 | | II. Total Operating Costs | 192,384,632.57 | 192,130,147.32 | | III. Operating Profit | 197,946,650.81 | 83,694,013.42 | | IV. Total Profit | 205,201,117.51 | 87,841,191.99 | | V. Net Profit | 172,266,115.56 | 66,485,596.99 | | Net Profit Attributable to Parent Company Owners | 171,819,355.12 | 66,500,866.81 | Consolidated Cash Flow Statement Summary (2015) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 37,080,935.68 | 41,642,820.39 | | Net Cash Flow from Investing Activities | 492,642,912.72 | -53,511.43 | | Net Cash Flow from Financing Activities | 996,369.41 | 690,000.00 | | Net Increase in Cash and Cash Equivalents | 530,720,217.81 | 42,279,308.96 |

江苏新民纺织科技股份有限公司 2015 年第三季度报告正文 证券代码：002127 证券简称：新民科技 公告编号：2015-090 江苏新民纺织科技股份有限公司 2015 年第三季度报告正文 1 江苏新民纺织科技股份有限公司 2015 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨斌、主管会计工作负责人朱奇伟及会计机构负责人(会计主管人员)叶峰声明：保证季度 报告中财务报表的真实、准确、完整。 2 江苏新民纺织科技股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 518,393,376.53 | | 923,141,6 ...

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 193,938,187.26, a decrease of 82.20% compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 6,152,012.02, an increase of 103.40% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 1,383,960.04, reflecting a 100.79% increase compared to the previous year[20]. - The operating profit for the first half of 2015 was CNY 2,683,300.00, an increase of 101.49% year-on-year[28]. - The total profit for the reporting period was CNY 7,461,800.00, reflecting a 104.20% increase compared to the same period last year[28]. - The company reported a net profit attributable to shareholders for the first three quarters of 2015 expected to be between 5.65 million and 7.65 million yuan, a decrease of 70.26% to 59.74% compared to 18.99 million yuan in the same period of 2014[53]. - The company reported a net loss of CNY -343,480,774.80, slightly improved from CNY -349,632,786.82 in the previous period[109]. - The company reported a total profit of CNY 2,000,908.03 for the first half of 2015, contrasting with a total loss of CNY -70,481,859.42 in the same period last year[120]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 18,506,474.53, down 91.18% from the same period last year[20]. - The net cash flow from operating activities was 18.51 million yuan, a decrease of 91.18% year-on-year, attributed to a decline in cash received from sales compared to cash paid for purchases[35]. - The company reported a significant decrease in cash and cash equivalents, from 370,406,916.58 RMB to 163,073,443.47 RMB[106]. - The company reported a net cash outflow from investment activities of -36,199,599.51 CNY, which is a deterioration from -23,571,981.73 CNY in the previous period[127]. - The net cash flow from financing activities was -225,538,925.20 CNY, compared to -186,485,235.53 CNY in the previous period, indicating a decrease in financing cash flow[124]. - Total cash and cash equivalents at the end of the period were 113,073,443.47 CNY, down from 422,092,533.20 CNY in the previous period, showing a substantial decrease in liquidity[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 547,868,630.00, a decrease of 40.65% compared to the end of the previous year[20]. - The company's total assets decreased by 40.65% year-on-year to 54.79 million yuan, while total liabilities decreased by 83.78% to 7.41 million yuan, mainly due to the collection of receivables[35]. - Current liabilities totaled CNY 73,772,692.42, down from CNY 455,424,315.69, indicating improved liquidity management[108]. - The company’s total liabilities decreased to CNY 74,112,192.58 from CNY 456,812,315.85, reflecting a reduction in debt levels[108]. - The company’s inventory decreased to CNY 63,802,969.89 from CNY 65,232,788.73, suggesting improved inventory turnover[111]. Shareholder Information - As of May 15, 2015, the number of shareholders was reported to be 4,595[57]. - The total number of shares remains at 446,458,902, with no changes in the shareholding structure during the reporting period[89]. - The largest shareholder, Dongfang Xinmin Holdings Co., Ltd., holds 29.70% of shares, totaling 132,581,010 shares[92]. - Total number of common shareholders at the end of the reporting period was 18,102[91]. Corporate Governance and Compliance - The governance structure of the company is in compliance with the requirements set by the China Securities Regulatory Commission[59]. - The company has not faced any penalties or corrective actions during the reporting period, indicating stable operational compliance[84]. - The company has committed to protecting the interests of minority shareholders and ensuring transparency in its operations[81]. Asset Restructuring and Strategy - The company underwent a significant asset restructuring in Q3 2014, focusing on its traditional textile weaving business, which led to substantial changes in operational data[28]. - The company is planning a significant asset restructuring to enhance its operational structure and performance[32]. - The company confirmed that it does not engage in any competing business with its controlling shareholder, ensuring no conflicts of interest[78]. Investment and Subsidiaries - The company has a long-term investment in fixed assets valued at CNY 70,843,571.74, down from CNY 79,368,446.98, indicating a reduction in capital expenditures[109]. - The company has direct ownership of 75% in Wujiang Xinmin High Fiber Co., Ltd. and 100% in Wujiang Canhua Import and Export Co., Ltd.[145]. - The company’s major subsidiary, Wujiang Xinmin High Fiber Co., Ltd., reported total assets of approximately 129.18 million yuan and net assets of approximately 98.55 million yuan[51]. - The company’s other subsidiary, Wujiang Canhua Import and Export Co., Ltd., reported total assets of approximately 14.06 million yuan and net profit of approximately 493,079.44 yuan[51]. Financial Reporting and Standards - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position as of June 30, 2015[151]. - The company’s financial report for the first half of 2015 was not audited[104]. - The company’s accounting period follows the calendar year, from January 1 to December 31[152]. Related Party Transactions - The company reported a related party transaction involving a rental agreement with a shareholder, amounting to 228.90 million yuan[66]. - The company reported a receivable from its controlling subsidiary, Wujiang Xinmin Fiber Co., Ltd., amounting to ¥292.89 million, with no interest charged[69]. - The company also reported a receivable from its wholly-owned subsidiary, Wujiang Canhua Import and Export Co., Ltd., totaling ¥10 million, with no interest charged[69]. - There were no significant impacts on the company's operating results and financial status from the related party receivables[69]. Risk Management and Future Outlook - The company has assessed its ability to continue as a going concern for the next 12 months and found no issues affecting its operational capability[149]. - The company is actively monitoring the repayment capabilities of Wujiang Xinmin Chemical Fiber Co., Ltd., which owes the company 174 million RMB, and has committed to assume this debt if necessary[81].

江苏新民纺织科技股份有限公司 2015 年第一季度报告正文 证券代码：002127 证券简称：新民科技 公告编号：2015-034 江苏新民纺织科技股份有限公司 2015 年第一季度报告正文 1 江苏新民纺织科技股份有限公司 2015 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨斌、主管会计工作负责人朱奇伟及会计机构负责人(会计主管 人员)叶峰声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏新民纺织科技股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 87,472,623.46 | 503,009,948.43 | -82 ...

江苏新民纺织科技股份有限公司 2014 年年度报告全文 江苏新民纺织科技股份有限公司 2014 年年度报告 2015 年 04 月 1 江苏新民纺织科技股份有限公司 2014 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人杨斌、主管会计工作负责人朱奇伟及会计机构负责人(会计主管 人员)叶峰声明：保证年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介 6 | | 第三节 | 会计数据和财务指标摘要 8 | | 第四节 | 董事会报告 11 | | 第五节 | 重要事项 33 | | 第六节 | 股份变动及股东情况 44 | | 第七节 | 优先股相关情况 49 | | 第八节 | 董事、监事、高级管理人员和员工情况 50 | | 第 ...