Rebecca(SH:600439)2015-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2015 was CNY 1,042,664,974.20, representing a 6.43% increase compared to CNY 979,637,320.99 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 84,033,261.63, a slight increase of 0.50% from CNY 83,613,233.40 in the previous year[19]. - The basic earnings per share for the first half of 2015 was CNY 0.0891, a 0.56% increase from CNY 0.0886 in the same period last year[20]. - The total profit for the first half of 2015 reached CNY 93,675,409.02, compared to CNY 92,359,464.92 in the previous year[69]. - The company reported a comprehensive income total of CNY 65,930,052.56, down from CNY 74,087,573.45, indicating a decline of 11.5%[70]. Cash Flow - The net cash flow from operating activities was negative at CNY -69,799,934.71, compared to CNY -66,467,184.12 in the same period last year, indicating a decline in cash generation[19]. - The company's cash flow from financing activities saw a significant increase of 285.83%, totaling CNY 362,177,993.52[29]. - The cash flow from financing activities generated a net inflow of CNY 362,177,993.52, significantly up from CNY 93,869,304.65 in the same period last year[77]. - The cash and cash equivalents increased to CNY 550,531,931.73 from CNY 285,019,958.26, showing a growth of about 93.6%[61]. - The net increase in cash and cash equivalents for the period was CNY 320,655,010.33, significantly higher than CNY 16,797,392.61 in the previous period[81]. Market Performance - North American market sales increased significantly, with revenue reaching CNY 488,880,715.79, a growth of 33.40%[35]. - The European market experienced a decline in sales, with revenue dropping by 16.91% to CNY 68,236,649.28[35]. - Domestic market revenue grew by 3.21%, amounting to CNY 160,191,159.08, with the hair product series achieving a 7.09% increase[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,661,231,885.15, an increase of 8.97% from CNY 4,277,733,073.75 at the end of the previous year[19]. - The total liabilities of the company were RMB 2,366,580,125.08, compared to RMB 2,011,278,518.24 at the beginning of the year, which is an increase of about 17.7%[62]. - The company's current assets reached RMB 3,764,800,767.26, up from RMB 3,375,514,160.42, indicating an increase of about 11.5%[61]. - Short-term borrowings rose significantly to RMB 1,178,391,596.58 from RMB 740,215,746.08, marking an increase of around 59%[62]. Investments and Subsidiaries - The company has invested CNY 9,300,000 in a factory in Cambodia, with CNY 115,930 spent in the current reporting period and a cumulative investment of CNY 5,611,530[44]. - The total assets of the subsidiary Rebekah Fashion Co., Ltd. amount to CNY 318,777,550.42, with a net profit of CNY 10,405,638.59 reported for the period[40]. - The net assets of the subsidiary in South Africa amount to CNY 48,477,545.86, with a net profit of CNY 6,896,261.75[40]. Shareholder Information - The company distributed a cash dividend of CNY 0.40 per share to shareholders based on a total share capital of 943,321,200 shares[45]. - The total number of shareholders at the end of the reporting period was 92,391, with no changes in the total number of shares or share capital structure[51]. - The largest shareholder, Henan Rebekah Holdings Co., Ltd., holds 31.34% of the shares, totaling 295,617,681 shares[53]. Management and Governance - The company appointed new management, including Zheng Wenqing as the new General Manager, indicating a strategic shift in leadership[57]. - The company has not reported any changes in major shareholders or strategic investors during this period, maintaining stability in ownership[55]. - The company has not made any profit distribution or capital reserve transfer plans during the reporting period[4]. Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements reflect a true and complete picture of its financial status[123]. - The company’s financial reports are prepared based on the principle of going concern, indicating no significant issues affecting its ability to continue operations[121]. - The company recognizes impairment losses for financial assets when there is objective evidence of impairment, with specific methods for measuring impairment based on future cash flow estimates[137]. Taxation - The company has a tax rate of 30% for several subsidiaries, including Rebecca Fashion Ltd. and Rebecca Hair Products (Nigeria) Ltd.[175]. - The VAT rate for Rebecca Fashion (Tanzania) Ltd. is set at 20%, while the rate for Rebecca Fashion (Congo) Ltd. and Rebecca Fashion (Kenya) Ltd. is 16%[174]. - The company benefits from a 10% corporate income tax rate as a high-tech enterprise, down from the standard 25%[177].