Financial Performance - The company achieved operating revenue of RMB 890.22 million, an increase of 1.41% compared to the same period last year[19]. - The net profit attributable to shareholders was RMB 14.86 million, reflecting a growth of 42.51% year-on-year[19]. - The net profit after deducting non-recurring gains and losses reached RMB 17.05 million, a significant increase of 2,309.14% compared to the previous year[19]. - Basic and diluted earnings per share increased by 33.33% to RMB 0.08[19]. - Total revenue for the period reached ¥890,216,299.51, representing a year-on-year increase of 1.41%[24]. - Net profit for the period was ¥19,147,132.22, up 68.5% from ¥11,379,048.09 in the previous period[78]. - The company reported a net profit contribution of 4.98 million from the sale of molds to Hongyuan on May 31, 2014, which is 0.34% of the total net profit[45]. Cash Flow and Investments - The net cash flow from operating activities improved by 47.81%, amounting to RMB -33.08 million[19]. - Net cash flow from investing activities significantly worsened, totaling -¥1,181,899,628.49, a decline of 1249.90% year-on-year[24]. - Net cash flow from financing activities increased by 67.59%, reaching ¥539,659,463.51, driven by increased export financing loans[24]. - The cash inflow from investment activities was ¥175,329,561.58, a substantial increase from ¥9,132,449.85 in the previous period[81]. - The company reported a net cash outflow from investment activities of -1,181,899,628.49, compared to -87,554,293.09 in the previous period, highlighting increased investment expenditures[82]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,099.88 million, a 24.19% increase from the end of the previous year[19]. - Total liabilities increased from CNY 816,710,991.59 to CNY 1,245,103,462.02, marking a rise of approximately 52.5%[74]. - The total equity decreased from CNY 874,090,293.24 to CNY 854,773,548.29, a decline of about 2.2%[74]. - The company's current liabilities surged from CNY 813,229,648.94 to CNY 1,244,663,516.97, reflecting an increase of around 53.1%[74]. Subsidiaries and Investments - The company’s subsidiary, Zhangzhou Cankun, reported a net profit of RMB 17,496,448.18, with total assets of RMB 2,457,102,378.28[33]. - The company’s subsidiary, Shanghai Cankun, achieved a net profit of RMB 4,446,435.14, with total assets of RMB 99,239,396.60[33]. - The company has established a strict internal evaluation and regulatory mechanism for its financial derivative business, ensuring that risks are controllable[31]. Shareholder Information - The company has a total of 185,391,680 shares, all of which are unrestricted shares[59]. - The largest shareholder, Fordchee Development Limited, holds 29.10% of the shares, totaling 53,940,530 shares[61]. - The company has not conducted any share repurchase transactions during the reporting period[62]. Market Strategy and Operations - The company continues to invest in small household appliance technology R&D to enhance product competitiveness[23]. - The company is focusing on expanding its brand presence in the domestic market and optimizing product marketing strategies[23]. - The strategic goal includes enhancing operational management and exploring emerging markets while adhering to a principle of "positive cash flow and profitability"[23]. Accounting Policies and Financial Reporting - The financial report for the half-year period has not been audited[56]. - The company has not reported any significant changes in its accounting policies for derivatives compared to the previous reporting period[31]. - The company has not engaged in any major non-fundraising investment projects during the reporting period[35]. Taxation and Compliance - The company is subject to various tax rates, including a corporate income tax rate of 25% and a value-added tax rate of 17%[194]. - The corporate income tax rate for Zhangzhou Cankun Industrial Co., Ltd. is 15% for corporate income tax, with a VAT rate of 0% for exported products[195]. - Zhangzhou Cankun has been recognized as a high-tech enterprise in Fujian Province, valid for the years 2011 to 2013, and is currently applying for high-tech enterprise status[195].

Financial Performance - Revenue for the first quarter was CNY 424,258,718.53, a decrease of 0.15% compared to CNY 424,878,316.41 in the same period last year[9]. - Net profit attributable to shareholders decreased by 28.12% to CNY 5,447,385.36 from CNY 7,578,667.87 year-on-year[9]. - Net profit excluding non-recurring gains and losses increased by 176.74% to CNY 11,424,272.23 compared to CNY 4,128,159.49 in the previous year[9]. - Basic earnings per share decreased by 25.00% to CNY 0.03 from CNY 0.04 in the same period last year[9]. - Diluted earnings per share also decreased by 25.00% to CNY 0.03 from CNY 0.04 year-on-year[9]. - The weighted average return on equity decreased by 0.50% to 1.04% from 1.54% in the previous year[9]. Cash Flow and Assets - The net cash flow from operating activities improved by 45.13%, reaching CNY -15,588,009.47, compared to CNY -28,409,039.92 in the same period last year[9]. - Total assets increased by 21.17% to CNY 2,048,719,512.95 from CNY 1,690,801,284.83 at the end of the previous year[9]. - Shareholders' equity attributable to the parent company rose by 1.34% to CNY 527,675,019.15 from CNY 520,693,211.26 at the end of last year[9]. - The company reported a net cash flow from financing activities of 468,848,906.82, up 102.24% from 231,831,944.50, driven by increased export financing and loans from the controlling shareholder[18]. Financial Assets and Liabilities - The company's trading financial assets decreased to 0.00 from 21,120,100.00, a decline of 100.00%, primarily due to valuation losses on unfulfilled forward foreign exchange contracts[18]. - Interest receivables increased significantly to 3,927,621.02 from 110,833.33, a rise of 3443.72%, mainly due to an increase in fixed deposits[18]. - Other current assets rose to 300,000,000.00 from 50,000,000.00, an increase of 500.00%, attributed to the purchase of wealth management products[18]. - Short-term borrowings surged to 370,971,630.00 from 30,484,500.00, a jump of 1116.92%, due to increased bank short-term loans[18]. Investment and Income - The company experienced a significant increase in investment income, rising to 7,075,877.04 from 1,520,632.17, a growth of 365.32%, due to higher returns from settled forward foreign exchange and wealth management products[18]. - The company recorded a decrease in asset impairment losses to -5,248,202.75 from 1,846,599.75, a change of -384.21%, primarily due to inventory write-offs and recoveries of bad debts[18]. - The company reported a significant increase in prepayments, which rose to 17,772,988.95 from 10,431,654.59, an increase of 70.38%, reflecting higher advance payments for goods[18]. Legal and Regulatory Matters - The company is currently involved in a legal dispute with Xinda Electric, with a payable balance of USD 479,089.06 (approximately RMB 3,071,535.78) pending resolution[21]. - The company has established strict internal evaluations and regulatory mechanisms for its financial derivative business, ensuring that risks are controllable and compliant with relevant laws[28]. Shareholder Actions - The company has committed to repurchase shares if the stock price falls below HKD 2.40, with a plan to acquire up to 2% of total shares (approximately 3.7078 million shares) within 12 months[25]. Derivative Investments - The company reported a derivative investment initial amount of RMB 113.31 million, with a year-end investment amount of RMB 94.36 million, representing 178.82% of the company's net assets at the end of the reporting period[28]. - The company incurred a loss of RMB 1.89 million from derivative investments during the reporting period[28]. Communication and Reporting - The company has not provided any written materials during communications regarding its operational status and B-share policies[29].

Financial Performance - The company's operating revenue for 2013 was CNY 2,037,382,839.55, a decrease of 12.90% compared to CNY 2,339,119,254.36 in 2012[22]. - Net profit attributable to shareholders increased by 119.34% to CNY 47,069,386.29 from CNY 21,459,739.95 in the previous year[22]. - The net cash flow from operating activities rose by 53.93% to CNY 165,776,987.42, compared to CNY 107,698,568.84 in 2012[22]. - Basic earnings per share increased by 108.33% to CNY 0.25 from CNY 0.12 in 2012[22]. - The total assets at the end of 2013 were CNY 1,690,801,284.83, reflecting a slight increase of 0.65% from CNY 1,679,847,838.18 in 2012[22]. - Shareholders' equity attributable to the parent company rose by 6.69% to CNY 520,693,211.26 from CNY 488,049,282.91 in the previous year[22]. - The weighted average return on equity was 9.36%, up from 4.42% in 2012, indicating improved profitability[22]. - The net profit after deducting non-recurring gains and losses was CNY 16,537,966.34, an increase of 25.31% from CNY 13,197,891.66 in 2012[22]. - The total comprehensive income for the year was RMB 55,659,439.88, significantly higher than RMB 27,185,988.44 from the previous year, reflecting a growth of 104.56%[177]. Revenue and Sales - The company achieved operating revenue of RMB 2.037 billion, a decrease of 12.90% compared to RMB 2.339 billion in the previous year[27]. - Total sales volume for small household appliances was 20,962,138 units, down 22.20% from 26,944,821 units in 2012[30]. - The company’s top five customers accounted for 47.38% of total annual sales, with total sales amounting to RMB 965,341,242.84[32]. - The total cost of goods sold was RMB 1.742 billion, a decrease of 12.86% from RMB 1.999 billion in 2012[35]. Investment and Cash Flow - Investment activity cash inflow surged by 949.68% to CNY 328,418,936.94, while cash outflow increased by 682.42% to CNY 389,813,853.76[45]. - The investment income rose by 87.47% to CNY 16,823,831.73, primarily from realized gains on forward foreign exchange contracts[41]. - The net increase in cash and cash equivalents was CNY 74,727,384.16, reflecting a 40.39% increase compared to the previous year[45]. - The company reported a total investment amount of $0.00 in 2013, a decrease of 100% compared to $1,630,000 in 2012[56]. Market Strategy and Future Outlook - The company plans to strengthen its domestic market strategy and enhance brand development to counteract the slowdown in export growth[28]. - The company anticipates significant growth in the small home appliance market in China, driven by changing consumer preferences and the introduction of new products[72]. - The company plans to focus on green and energy-efficient products as part of its future development strategy, aligning with market trends towards sustainability[74]. - The company expects to face challenges in international trade due to global economic recovery issues and rising costs affecting export growth[76]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring no unresolved governance issues exist[132]. - The independent directors attended 100% of board meetings and did not raise any objections to company matters during the reporting period[137]. - The audit committee has actively participated in the financial work and internal audit business, ensuring timely communication with the annual audit accountants[140]. - The company has implemented strict insider information confidentiality measures, with no reported cases of insider trading during the reporting period[134]. Related Party Transactions - The total amount of related party transactions for the year reached CNY 11,103.86 million, with a breakdown including CNY 3,872.91 million for raw material purchases and CNY 4,212.62 million for sales of parts[103]. - Related party transactions accounted for 3.03% and 2.14% of total revenue from key management personnel and related companies, respectively[103]. - The company has no significant non-operating related party debts and credits, ensuring financial independence[105]. Asset Management and Sales - The company has been actively engaging in asset sales to optimize its portfolio and improve financial performance[98]. - Total asset sales amounted to 1,077.56 million, contributing a net profit of 617.00 million, which represents 13.11% of the total net profit[98]. - The highest individual asset sale was for the equipment from Xiamen Can Kun Industrial Co., amounting to 321.00 million, contributing 6.82% to the net profit[98]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 184.86 million CNY[129]. - The company employs a total of 4,675 staff, including 139 sales personnel and 664 technical personnel[130]. - The chairman, Jian Derong, received a total remuneration of 19.36 million CNY for the reporting period[129]. Financial Reporting and Audit - The audit opinion issued by Ruihua Certified Public Accountants was a standard unqualified opinion, confirming the fair presentation of the financial statements[170]. - The company’s financial reports were prepared in accordance with the requirements set by the securities regulatory authorities[142]. - The audit committee reviewed the 2013 annual financial report and found no significant anomalies in the financial statements, confirming their integrity[144].