Aokanginternational(SH:603001)2018-04-25 16:00Financial Performance - Net profit attributable to shareholders was CNY 119,336,448.35, an increase of 4.75% year-on-year[9]. - Operating revenue for the period was CNY 868,017,294.95, down 1.55% from the same period last year[9]. - The weighted average return on equity increased by 0.14 percentage points to 2.88%[9]. - Basic earnings per share were CNY 0.2976, reflecting a 4.75% increase compared to the previous year[9]. - The gross profit margin for the overall business was 38.05%, reflecting a decrease of 0.61 percentage points year-on-year[19]. - The overall gross profit for the company in Q1 2018 was CNY 329,167,313.87, with a decrease of 1.37% year-on-year[18]. - Total operating revenue for the current period is ¥868,017,294.95, a decrease of 1.9% from ¥881,691,892.42 in the previous period[33]. - Operating profit increased to ¥143,538,727.13, up 6.3% from ¥135,349,814.18 in the previous period[34]. - Net profit for the current period is ¥119,648,573.44, representing an increase of 5.9% compared to ¥113,972,809.26 from the previous period[34]. - Comprehensive income totalled ¥120,016,276.67, up from ¥113,100,825.84, indicating a growth of 6.5%[35]. Cash Flow and Investments - The net cash flow from operating activities was CNY -8,421,017.09, showing an improvement from CNY -9,094,538.40 in the previous year[9]. - Cash received from investment recoveries increased significantly by 1017.19% to ¥715,000,000.00 compared to ¥64,000,000.00 in the previous year[14]. - Investment cash payments rose by 402.63% to ¥955,000,000.00 from ¥190,000,000.00, mainly due to increased purchases of financial products[15]. - Total cash inflow from investment activities was 724,990,831.12, significantly higher than 68,963,556.24 in the previous period[41]. - The net cash flow from investment activities was -253,120,620.10, compared to -158,590,956.91 in the previous period, reflecting increased investment outflows[41]. - The company received 715,000,000.00 in cash from investment recoveries, a significant increase from 64,000,000.00 in the previous period[41]. - The company paid 955,000,000.00 in cash for investments, compared to 190,000,000.00 in the previous period, indicating a substantial increase in investment activity[41]. Shareholder Information - The total number of shareholders was 20,192 at the end of the reporting period[11]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 131,231,000 shares, representing 32.73% of the total shares[11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,306,476,129.09, a decrease of 0.51% compared to the end of the previous year[9]. - Total liabilities decreased from CNY 1,254,113,273.01 to CNY 1,096,153,638.51, a reduction of about 12.59%[27]. - Total equity increased from CNY 4,079,729,925.96 to CNY 4,210,322,490.58, an increase of approximately 3.2%[27]. - Current assets increased slightly from CNY 3,717,269,371.27 to CNY 3,737,439,959.66, representing a growth of about 0.54%[25]. - Cash and cash equivalents decreased from CNY 784,968,088.45 to CNY 612,706,057.05, a reduction of approximately 21.9%[25]. - Accounts receivable decreased from CNY 1,067,742,387.52 to CNY 1,062,675,937.51, a decline of about 0.38%[25]. - Inventory decreased from CNY 848,543,049.47 to CNY 813,220,428.66, a decrease of approximately 4.15%[25]. - Non-current assets decreased from CNY 1,616,573,827.70 to CNY 1,569,036,169.43, a decline of about 2.94%[26]. Operational Developments - The company has not disclosed any new product developments or market expansion strategies in this report[9]. - The company opened 21 new direct stores and 29 new franchise stores in Q1 2018, while closing 6 direct stores and 5 franchise stores[23]. - The company has established 16 distribution stores in Vietnam and Kuwait, and partnered with Woodland to open 30 brand exchange outlets in India[21]. Expenses - Financial expenses decreased to ¥4,910,492.78 from a loss of ¥626,822.34, primarily due to changes in the RMB to USD exchange rate and foreign exchange losses[14]. - Other income decreased by 99.12% to ¥5,000.00 from ¥566,000.00, primarily due to a reduction in government subsidies received[14]. - Non-operating income fell by 62.27% to ¥2,608,818.86 from ¥6,914,487.42, mainly due to a decrease in supplier penalty income[14]. - The company reported a significant decrease in other expenses, with non-operating expenses down by 73.82% to ¥205,268.60 from ¥784,152.77, mainly due to reduced penalty expenses[14]. - Sales expenses decreased to ¥106,616,248.20 from ¥121,696,812.86, a reduction of 12.4%[34]. - Management expenses decreased to ¥76,662,155.96 from ¥86,187,459.73, reflecting a decline of 11.0%[34].