Financial Performance - The company reported a revenue of CNY 206,925,084.11, a decrease of 14.95% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 5,139,382.89, down 94.36% year-on-year[19]. - The basic earnings per share decreased to CNY 0.03, a decline of 93.33% compared to the previous year[19]. - The operating profit for the period was CNY 6,809,900, an increase of 28.69% year-on-year[27]. - Revenue for the reporting period was $206.93 million, a decrease of 14.95% compared to the same period last year[29]. - The company reported a significant increase in foreign exchange gains, leading to a 431.09% decrease in financial expenses, resulting in a net financial income of -$3.64 million[29]. - The net cash flow from operating activities increased by 7.94% to $5.75 million[29]. - The company’s net profit for the period was 5,139,350.00 CNY, contributing positively to the overall equity position[125]. - The total comprehensive income for the current period is ¥3,431,561.24, a drastic decrease from ¥90,029,466.40 in the previous period, reflecting a decline of approximately 96.2%[115]. Asset Management - The total assets at the end of the reporting period were CNY 806,819,276.47, a slight decrease of 0.41% from the previous year[19]. - The company reported a total current assets of RMB 337,263,184.61 at the end of the reporting period, slightly up from RMB 336,371,432.57 at the beginning of the period, indicating a marginal increase of 0.27%[104]. - Cash and cash equivalents increased to RMB 191,050,877.83 from RMB 172,785,464.74, representing a growth of approximately 10.5%[104]. - The company reported a total owner's equity of 674,145,390.00 CNY at the end of the period, an increase from 651,963,830.00 CNY, indicating growth in shareholder value[125]. - The company reported a total registered capital of RMB 201 million after a capital increase through a stock dividend of 67 million shares, resulting in a total share capital of 201 million shares[136]. Sales and Market Performance - The company experienced a 31.06% increase in domestic sales, contributing to a more stable revenue stream amid challenges in the U.S. market[27]. - Domestic clothing sales grew by 31.06%, reaching $21.29 million, while international sales decreased by 8.86% to $185.56 million[33]. Dividends and Shareholder Returns - The company did not distribute cash dividends or bonus shares during this reporting period[4]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[58]. - The cash dividend policy complies with the company's articles of association and has been clearly defined[57]. Government Support and Subsidies - The company received government subsidies of CNY 70,000 during the reporting period[23]. - The significant decline in net profit is attributed to a government subsidy of 39.9 million yuan received in 2013 and the impact of a bargain purchase of 52% equity in two mining companies, which contributed to non-operating income in 2013[54]. Corporate Governance and Structure - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[94]. - The company’s controlling shareholder is Jiangsu Diaogao Holdings Group Co., Ltd., with Wang Jinfeng as the actual controller[136]. - There were changes in the board of directors, with two members resigning due to personal reasons and regulatory compliance[99]. Financial Reporting and Compliance - The financial report for the first half of 2014 was not audited, which may affect the reliability of the financial data presented[102]. - The company’s financial statements comply with the accounting standards and accurately reflect its financial position and operating results[138]. Investment Activities - The company did not engage in any external investments during the reporting period[35]. - The cumulative investment in fundraising projects reached $23.04 million, with a total of $1.24 million invested during the reporting period[43]. Cash Flow Management - The company reported a financial expense reduction, with financial costs decreasing from CNY 1,100,693.32 to -CNY 3,644,308.12, indicating improved financial management[111]. - The cash flow from other operating activities was 14,233,200.45 CNY, a significant increase from 608,454.65 CNY, highlighting enhanced operational cash generation[122]. Inventory and Receivables Management - Inventory levels decreased significantly from RMB 55,473,078.81 to RMB 43,153,477.60, reflecting a reduction of approximately 22.2%[104]. - Accounts receivable decreased to RMB 84,489,832.84 from RMB 88,168,993.48, showing a decline of about 4.0%[104]. Legal and Regulatory Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[63]. - There were no significant media inquiries or controversies reported during the period[64]. Business Model and Strategy - The company is actively exploring changes to its business model, including potential acquisitions and restructuring to enhance profitability[34]. - The company plans to undergo a major asset restructuring, which is currently in the planning stage[4].

江苏金飞达服装股份有限公司 2014 年第一季度报告正文 证券代码：002239 证券简称：金 飞 达 公告编号：2014-027 江苏金飞达服装股份有限公司 2014 年第一季度报告正文 1 江苏金飞达服装股份有限公司 2014 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。 无 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | | | 公司负责人王进飞、主管会计工作负责人姚剑及会计机构负责人(会计主管 人员)姚剑声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏金飞达服装股份有限公司 2014 年第一季度报告正文 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 除上述各项之外的其他营业外收入和支出 | -212,408.46 | | | 减：所得税影响额 | -55,112.12 | | | 少数股东权益影响额（税后） | -36,000.00 | | | 合计 | -121,296.34 | -- ...

Financial Performance - The company's operating revenue for 2013 was CNY 473,414,788.71, representing a 15.99% increase compared to CNY 408,144,369.56 in 2012[21] - The net profit attributable to shareholders in 2013 was CNY 54,111,599.83, a significant increase of 441.11% from CNY 10,000,172.12 in 2012[21] - The basic earnings per share for 2013 was CNY 0.27, up 440% from CNY 0.05 in 2012[21] - The total assets at the end of 2013 were CNY 810,145,276.09, reflecting a 27.93% increase from CNY 633,273,907.65 at the end of 2012[21] - The net assets attributable to shareholders increased by 11.97% to CNY 606,243,685.43 at the end of 2013, compared to CNY 541,418,012.53 at the end of 2012[21] - The company achieved operating revenue of CNY 473.41 million in 2013, a year-on-year increase of 16%[32] - The net profit attributable to shareholders reached CNY 54.11 million, representing a significant increase of 441.11% compared to the previous year[32] - The company reported a decrease in operating profit to CNY 7.19 million, down 48.91% year-on-year[32] - The company’s operating costs rose to CNY 413.96 million, a 16.49% increase from the previous year[34] - The company reported a total profit of CNY 259,667,778.21 and a net profit of CNY 192,514,015.56[147] Cash Flow - The company reported a net cash flow from operating activities of CNY -19,022,804.03, a decline of 158.82% from CNY 32,342,898.71 in 2012[21] - The net cash flow from operating activities decreased by 158.82% to -CNY 19.02 million, largely due to significant payments related to accounts receivable[36] - Operating cash inflow increased by 30.35% to ¥618,568,677.95, driven by higher sales revenue[47] - Operating cash outflow rose by 44.19% to ¥637,591,481.98, mainly due to increased raw material purchases and processing fees[48] - The net cash flow from operating activities for 2013 was CNY 68,866,624.25, while the net cash flow from investing activities was CNY 96,366,048.06, and the net cash flow from financing activities was -CNY 95,267,506.97[147] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares and issue 1 bonus share for every 10 shares held[4] - The cash dividend for 2013 is proposed at 0.30 RMB per 10 shares, totaling 6,030,000 RMB, which represents 11.14% of the net profit attributable to shareholders[97] - The company’s cash dividend policy has been consistent, with the 2013 proposal reflecting a commitment to returning value to shareholders while maintaining a healthy profit distribution strategy[94] Market and Operational Risks - The company is heavily reliant on the US market, with 90% of its products sold there, which exposes it to foreign exchange risks[12] - The overall operating environment remains challenging, with rising production costs and a sluggish recovery in consumer demand in key markets[88] - The company aims to mitigate risks associated with its main business by transferring its stake in Kangding Xinbao Mining Co., Ltd. to its controlling shareholder[83] Investments and Acquisitions - The company completed the acquisition of 52% stakes in two mining companies, impacting the revenue by CNY 5.25 million, accounting for 1.1% of total revenue[37] - The company acquired 52% stakes in Kangding Xinbao Mining Co., Ltd. and Dadu River Mining Co., Ltd. for 18 million yuan and 13.2 million yuan respectively, with gold reserves of 832,000 tons and polymetallic resources of 200,600 tons[60] - The company plans to transfer all stakes in the three mining companies to its controlling shareholder due to their inability to contribute profits amid a declining market[60] Management and Governance - The company has maintained zero short-term and long-term borrowings as of December 31, 2013, reflecting strong financial health and good relationships with banks[103] - The company has established a performance evaluation and incentive mechanism linking management compensation to company performance and individual contributions[171] - The company has a diverse management team with extensive experience in various sectors, including finance, engineering, and international trade[154][155][156] - The independent directors attended all board meetings and shareholder meetings, ensuring compliance and oversight without raising any objections during the reporting period[177][178] Social Responsibility and Employee Welfare - Employee income has doubled over the past five years, with annual increases each year, and the company invested nearly 100 million yuan from 2011 to 2013 to improve working conditions[102] - The company has invested significantly in environmental protection, with 30% of the new factory area dedicated to green space, and has not experienced any safety production accidents[102] - The company has implemented a comprehensive employee assistance program to support those in special difficulties[102] Financial Integrity and Compliance - The company has not reported any non-operating fund occupation by major shareholders, ensuring financial integrity[109] - The company has not experienced any overdue or litigation issues related to entrusted loans, with a total loan amount of CNY 0[71] - The company received a standard unqualified audit opinion for its financial statements, reflecting fair representation of its financial condition and operating results for the year 2013[199]