Financial Performance - The company's operating revenue for 2013 was ¥506,380,782.66, a decrease of 4.75% compared to ¥531,650,144.15 in 2012[27]. - Net profit attributable to shareholders was ¥25,400,234.24, down 31.92% from ¥37,309,537.82 in the previous year[27]. - The main business revenue for 2013 was ¥501,990,058.11, accounting for 99.13% of total revenue, with a slight decrease of 0.51% from the previous year[42]. - In 2013, the company's total operating revenue was CNY 501,990,058.11, a decrease of 5.24% compared to 2012[58]. - The gross profit margin for the apparel industry was 53.93%, with a decrease of 2.14% year-on-year[58]. - The company's R&D expenditure was CNY 5,450,520.93, accounting for 1.08% of operating revenue, down from 1.26% in 2012[51]. - The company reported a net profit of CNY 51,380,928.76, with a cash dividend of CNY 11,699,700, representing 46.06% of the net profit attributable to shareholders[102][104]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 339.15% to ¥97,409,369.13 from ¥22,181,144.12 in 2012[27]. - The net cash flow from financing activities rose by 655.99% to CNY 476,706,780.33, mainly due to a non-public offering of 11,179,000 shares[54]. - The cash and cash equivalents increased by 1,020,49,095.59, a growth of 1,773.07% compared to the previous year[54]. - The total amount of raised funds is CNY 107,825.5 million, with CNY 10,131.68 million invested during the reporting period[78]. - Cumulative investment of raised funds reached CNY 58,423.04 million by the end of the reporting period[78]. - The company utilized excess funds from its IPO, totaling CNY 308.11 million, for various purposes including repaying bank loans (CNY 16 million) and investing in the sales network construction project (CNY 162.10 million)[83]. Shareholder Information - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders based on the total share capital as of December 31, 2013[6]. - The total share capital increased from RMB 214 million to RMB 389.99 million following a non-public offering of 111.79 million shares at a price of RMB 4.83 per share[126]. - The company reported a total of CNY 190,873,958.48 available for distribution to shareholders after accounting for retained earnings[104]. - The cash dividend policy requires a minimum of 20% of profits to be distributed as cash dividends during the growth phase of the company[105]. - The company has committed to distributing at least 20% of the annual distributable profits to shareholders in cash, a commitment that has been fulfilled since 2012[117]. Risk Management - The company has established a comprehensive risk management framework to address potential risks associated with cross-industry investments[16]. - The company faces significant industry competition risks, particularly in the high-end apparel market, where competition is intensifying due to both international and domestic brands[13]. - Inventory risk is prevalent in the apparel industry, necessitating a large product assortment to meet diverse consumer demands, which can lead to excess inventory[15]. - The apparel industry is subject to market change risks, requiring the company to accurately predict consumer trends and preferences to maintain brand recognition[14]. Business Strategy and Development - The company aims to enhance its brand competitiveness through value innovation and R&D, aspiring to become a high-end apparel enterprise with strong domestic and international influence[89]. - The company plans to open 79 new stores in 2014, including 29 self-operated and 50 joint venture stores, to optimize its offline sales network[90]. - The company is adopting a light asset strategy and controlling inventory to mitigate risks amid a sluggish domestic consumption market[83]. - The company plans to enhance its design capabilities by increasing investment in its Hong Kong subsidiary to establish a design center, leveraging international design resources[91]. - The company aims to accelerate its online business development in 2014 by acquiring or establishing e-commerce companies and attracting e-commerce talent[93]. Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring adherence to the standards set by the China Securities Regulatory Commission[164]. - The company held its annual general meeting on March 21, 2013, where several key proposals were approved, including the financial report for 2012 and the profit distribution plan[168]. - The independent directors actively participated in board meetings, with attendance rates indicating strong engagement in corporate governance[172]. - The company has established a complete and independent procurement, production, and sales system, ensuring no overlap with the controlling shareholder's business[182]. Employee Information - As of December 31, 2013, the total number of employees was 1,406[158]. - Marketing personnel accounted for 73.61% of the total workforce, with 1,035 employees[158]. - The company had 330 employees with a college degree or above, representing 23.47% of the total[159]. - The employee age distribution shows that 48.51% are under 30 years old, 37.41% are between 31-40 years old, 12.80% are between 41-50 years old, and 1.28% are over 51 years old, totaling 1,406 employees[160].