七匹狼(002029) - 2014 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2014 was ¥653,203,498.64, a decrease of 31.27% compared to ¥950,422,640.10 in the same period last year[8] - Net profit attributable to shareholders was ¥111,849,533.14, down 39.85% from ¥185,965,705.43 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥75,910,454.34, reflecting a significant decline of 58.77% compared to ¥184,129,214.99 in the previous year[8] - Basic and diluted earnings per share were both ¥0.15, down 40% from ¥0.25 in the previous year[8] - The weighted average return on equity was 2.41%, down 1.86% from 4.27% in the same period last year[8] - The company reported a 99.50% increase in tax payable to CNY 5,846.10 million, due to higher income tax provisions for the first quarter[15] - The net profit attributable to shareholders for the first half of 2014 is expected to decrease by 30% to 50%, ranging from 12,822.22 to 17,951.11 thousand yuan, compared to 25,644.44 thousand yuan in the same period of 2013[24] Cash Flow and Investments - The net cash flow from operating activities was ¥129,836,682.38, a decrease of 65.8% from ¥379,584,553.58 in the same period last year[8] - The net cash flow from operating activities decreased by 65.80% to CNY 12,983.67 million, mainly due to reduced receivables and increased payments for matured notes[15] - The net cash flow from investing activities worsened by 75.73% to CNY -25,159.89 million, mainly due to increased investments in bank financial products[15] - The company plans to apply for a short-term financing bond registration quota of up to CNY 1.2 billion to maintain financing qualifications[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,753[11] - The largest shareholder, Fujian Qipilang Group Co., Ltd., held 34.29% of the shares, amounting to 259,136,718 shares, with 144,750,000 shares pledged[11] - The company has committed to distributing at least 10% of the distributable profits in cash to shareholders, provided that the total cash net flow is positive[23] - The company has maintained a positive cash flow and will actively distribute dividends in cash if conditions allow[23] Operational Costs and Expenditures - Operating costs fell by 32.07% to CNY 34,479.70 million, reflecting the decrease in operating revenue[15] - The company experienced a 47.25% increase in development expenditures to CNY 609.56 million, driven by continued investment in software development projects[15] - The company recorded a 53.44% increase in asset impairment losses to CNY 7,442.45 million, primarily due to increased inventory write-down provisions[15] - The company reported a 604.50% increase in non-operating expenses to CNY 328.93 million, attributed to increased charitable donations during the reporting period[15] Compliance and Commitments - The company strictly adheres to its commitments regarding the avoidance of competition with its actual controllers and major shareholders[23] - The company has complied with all commitments made regarding the use of raised funds and has no unfulfilled commitments[23] - The company’s actual controllers have made commitments to avoid competition with the company, which have been strictly followed[23] - There are no securities investment situations applicable to the company during the reporting period[25] - The company plans to use any idle funds for permanent capital investments rather than temporarily supplementing working capital[23] Market Conditions - The company's operating revenue decreased by 31.27% to CNY 65,320.35 million, primarily due to a decline in orders influenced by a weak macroeconomic environment in the apparel retail industry[15] - The decrease in performance is attributed to a reduction in customer orders received during the 2014 ordering meeting[24]