JOEONE(SH:601566)2016-04-25 16:00Financial Performance - Operating revenue for the period was CNY 58,460.36 million, representing a year-on-year increase of 3.89%[6] - Net profit attributable to shareholders was CNY 12,840.42 million, a slight increase of 0.36% compared to the same period last year[6] - Total revenue for Q1 2016 was CNY 57,856.92 million, representing a 3.57% increase compared to Q1 2015[34] - JOEONE brand revenue was CNY 56,281.65 million, with a gross margin of 57.56%, showing a 1.67% increase year-over-year[34] - FUN brand revenue surged by 161.19% to CNY 1,317.38 million, with a gross margin of 62.93%[34] - Net profit attributable to the parent company was CNY 128,404,172.71, slightly up from CNY 127,940,304.33 year-on-year, reflecting a growth of 0.36%[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 544,600.80 million, an increase of 0.97% compared to the end of the previous year[6] - Total liabilities decreased from CNY 1,104,942,909.74 to CNY 1,040,675,170.84 during the same period[43] - Total assets as of March 31, 2016, amounted to CNY 5,160,220,930.98, compared to CNY 5,117,224,324.73 at the beginning of the year, indicating a growth of 0.84%[47] - Total liabilities decreased to CNY 1,095,854,937.57 from CNY 1,132,630,924.22, a reduction of 3.25%[47] Cash Flow - Cash flow from operating activities decreased by 28.97% to CNY 17,910.83 million[6] - Net cash flow from investing activities decreased by 65,773.3 thousand RMB, primarily due to a reduction in investment wealth management during the reporting period[17] - Net cash flow from financing activities increased by 12,902.3 thousand RMB, an increase of 237.09%, mainly due to an increase in bank acceptance bill deposits received during the reporting period[17] - The company’s cash and cash equivalents increased to CNY 580,644,138.24 from CNY 539,817,942.65, an increase of 7.56%[45] - The ending cash and cash equivalents balance was approximately ¥724.64 million, down from ¥864.16 million year-over-year, a decrease of 16.14%[56] Shareholder Information - The number of shareholders at the end of the reporting period was 16,694[10] - The top shareholder, Jomoo International Investment Holdings, held 53.73% of the shares, with 308,768,140 shares pledged[10] - The employee stock ownership plan has purchased 18,093,996 shares, accounting for 3.1488% of the total share capital, with a total transaction amount of approximately 282.43 million RMB[24] - The company’s major shareholders committed to not reduce their holdings for six months starting from July 10, 2015[27] Investments and Commitments - The company plans to invest approximately 600 million RMB to establish a wholly-owned subsidiary for the production of clothing in Shangqiu City, Henan Province[18] - The company has committed 990 million RMB as a limited partner in a 1 billion RMB internet fashion industry fund, which has invested 135.84 million RMB in Shandong Handu Clothing Group Co., Ltd.[20] - The company plans to issue corporate bonds totaling no more than 1.6 billion RMB, with the first issuance to be completed within 12 months of approval[22] - A commitment was made to not conduct high-risk investments for twelve months after supplementing working capital[27] Operational Metrics - The total number of stores decreased from 2,792 to 2,766, with 41 new openings and 67 closures[30] - Online sales contributed CNY 3,531.84 million, accounting for 6.10% of total revenue, with a gross margin of 53.09%[34] - Offline sales generated CNY 54,325.08 million, making up 93.90% of total revenue, with a gross margin of 57.95%[34] - Revenue from the East China region was CNY 20,767.00 million, accounting for 35.90% of total revenue, with a slight decrease of 0.99% year-over-year[36] - The South Central region saw a revenue increase of 7.46%, totaling CNY 13,601.91 million, representing 23.51% of total revenue[36]