RED DRAGONFLY(SH:603116)2016-05-11 16:00Financial Performance - The company's operating revenue for 2015 was CNY 2,966,870,726.80, representing a decrease of 5.15% compared to CNY 3,127,957,075.26 in 2014[18]. - The net profit attributable to shareholders for 2015 was CNY 300,009,542.02, down 8.43% from CNY 327,630,846.37 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 280,038,865.80, a decline of 11.23% from CNY 315,476,303.51 in 2014[18]. - The net cash flow from operating activities decreased by 40.46% to CNY 361,689,985.04 from CNY 607,512,560.27 in the previous year[18]. - Basic earnings per share decreased by 15.96% to CNY 0.79 compared to CNY 0.94 in the previous year[20]. - The company experienced a slight decline in revenue and net profit due to overall industry economic downturn[20]. - The company reported a total revenue of CNY 296,687.07 million in 2015, a decrease of 5.15% compared to the previous year, primarily due to a decline in shoe sales[46]. - The net profit for the year was CNY 30,000.95 million, down 8.43% year-on-year[46]. - The company reported a total of ¥132,808,645.88 in taxes paid during the year, slightly down from ¥136,244,658.07[187]. Assets and Liabilities - Total assets at the end of 2015 were CNY 4,050,356,892.28, an increase of 46.52% compared to CNY 2,764,349,462.83 at the end of 2014[19]. - The total liabilities at the beginning of the reporting period were RMB 1,093.03 million, and at the end, total liabilities slightly increased to RMB 1,105.15 million, resulting in a decrease in the debt-to-asset ratio from 39.54% to 27.29%[123]. - The company's total assets increased by 46.52% to CNY 405,035.69 million by the end of 2015[46]. - The total amount of guarantees (including those to subsidiaries) is ¥210,000,000, which represents 7.13% of the company's net assets[109]. Cash Flow and Investments - The company reported a significant increase in cash flow from financing activities, amounting to ¥919,783,475.90, primarily due to the proceeds from the initial public offering[64]. - The total cash inflow from investment activities was ¥336,404,392.27, while cash outflow was ¥1,086,981,504.44, resulting in a net cash flow of -¥750,577,112.17[184]. - The company invested ¥1,050,000,000.00 in cash payments for investments during the year[184]. - The company has engaged in cash asset management, with a total of ¥70,000,000 in a principal-protected financial product from ICBC, maturing in March 2016[110]. Shareholder Information and Dividends - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 32,704,000[2]. - The cash dividend policy ensures that at least 10% of the distributable profit is paid out as cash dividends annually, and at least 30% over any three consecutive years[91]. - The company reported a net profit attributable to shareholders of RMB 300.01 million for 2015, with a cash dividend payout ratio of 10.90%[92]. - The cash dividend for 2014 was RMB 1.14286 per 10 shares, totaling RMB 40 million, representing 12.21% of the net profit[92]. Market and Sales Performance - Online sales revenue reached 416.19 million yuan, representing a growth of 25.71% compared to the previous year[37]. - During the Double 11 shopping event, the company recorded over CNY 100 million in sales on Tmall, a year-on-year increase of 59.37%[43]. - The company has a total of 4,140 marketing network terminals, including 445 self-operated and 3,695 franchised stores[37]. - The company is recognized as a leading brand in the second and third-tier cities, with a strong market share in the footwear industry[35]. Strategic Initiatives and Future Plans - The company plans to enhance its brand image through cultural promotion and community marketing initiatives[29]. - The company aims to maintain a mid-to-high-speed growth trajectory in the long term, despite current economic challenges[32]. - The company aims to enhance its brand image and consumer experience to solidify its market position amidst increasing competition from low-end products[84]. - The company will integrate international supply chain resources to improve product quality and brand value[87]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding market conditions and strategic developments in its forward-looking statements[3]. - The company has not reported any significant errors in prior financial statements, indicating strong internal controls[102]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[150]. Corporate Governance - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring clear responsibilities and operational norms[156]. - The independent directors did not raise any objections to the board's proposals during the year, suggesting a consensus on strategic decisions[160]. - The company has established a complete business system and maintains independent operational capabilities, ensuring compliance with corporate governance standards[161].