Anzheng Fashion(SH:603839)2017-04-28 16:00Financial Performance - Revenue for the reporting period reached CNY 308,442,713.52, representing an 18.89% increase year-on-year[7] - Net profit attributable to shareholders increased by 16.50% to CNY 70,672,077.82 compared to the same period last year[7] - Operating income for the period was RMB 308.32 million, an increase of 18.87% compared to the previous year, while operating costs rose by 36.67% to RMB 90.71 million[19] - Operating profit for Q1 2017 was ¥81,545,460.66, up from ¥70,140,746.06, reflecting a growth of 16.5% year-over-year[42] - The company reported a total comprehensive income of ¥70,627,136.25 for Q1 2017, compared to ¥59,835,655.93 in Q1 2016, an increase of 18.9%[43] - The total profit for Q1 2017 was CNY 73,304,929.63, a decrease of 24.7% from CNY 97,305,502.62 in the same period last year[45] Cash Flow - Operating cash flow for the period was CNY 57,110,782.15, up 69.65% from the previous year[7] - The net cash flow from operating activities increased by 69.65% to RMB 57.11 million, attributed to increased sales revenue and reduced accounts receivable[13] - Cash inflow from financing activities was CNY 1,123,998,232.00, compared to CNY 95,000,000.00 in the same period last year[48] - Cash inflow from investment activities amounted to $400,388,022.53, up from $208,341,938.62[51] - The net increase in cash and cash equivalents was $868,822,215.22, contrasting with a decrease of $368,781.74 in the prior quarter[51] Assets and Liabilities - Total assets increased by 59.52% to CNY 2,847,509,247.13 compared to the end of the previous year[7] - Total assets as of March 31, 2017, amounted to CNY 2,847,509.25 million, up from CNY 1,785,086.52 million at the beginning of the year[34] - Total liabilities decreased to ¥366,447,873.94 from ¥481,817,265.19, a reduction of 24%[38] - Current assets totaled ¥2,087,612,862.11, significantly higher than ¥1,007,938,462.47, indicating a growth of 106.7%[38] Shareholder Information - The number of shareholders at the end of the reporting period was 46,555[11] - The top shareholder, Zheng Anzheng, holds 37.57% of the shares, totaling 107,100,000 shares[11] - Basic earnings per share increased by 7.14% to CNY 0.30[7] - Basic earnings per share for Q1 2017 were ¥0.30, compared to ¥0.28 in the previous year, showing a growth of 7.1%[43] Expenses and Costs - The company's tax expenses increased by 47.09% to RMB 11.67 million, influenced by higher profits and reduced inventory impairment provisions[13] - The gross profit margin decreased by 3.83 percentage points to 70.58% compared to the previous year, primarily due to increased promotional activities for seasonal products[19] - Operating costs for Q1 2017 were ¥227,183,846.69, up from ¥189,328,453.28, an increase of 20%[42] - The company's financial expenses decreased significantly by 179.23% to -RMB 778.00 thousand, due to increased interest income from bank deposits[12] Store Operations - The company closed 18 stores and opened 15 stores, resulting in a total of 859 stores as of March 31, 2017[15] - Direct store revenue was CNY 16,736.30 million, with a gross margin of 74.40%, down 2.80 percentage points year-over-year[23] - Franchise store revenue reached CNY 11,182.09 million, with a gross margin of 71.42%, down 0.86 percentage points year-over-year[23] Investment and Development - The company has not disclosed any new product or technology developments in this report[11] - The company plans to expand its online presence with the launch of the Anna Co brand, targeting urban women aged 20-35 through major e-commerce platforms[20] - The company reported an investment income of RMB 286.59 thousand, an increase of 888.95% compared to the previous year, due to the maturity of financial products[12]