LANCY(SZ:002612)2014-04-17 16:00Financial Performance - Revenue for the reporting period was CNY 333,870,757.09, a decrease of 9.75% compared to the same period last year[7]. - Net profit attributable to shareholders was CNY 61,802,622.74, down 28.04% year-on-year[7]. - Net profit after deducting non-recurring gains and losses was CNY 31,593,377.74, a decline of 62.22% compared to the previous year[7]. - The estimated net profit attributable to shareholders for the first half of 2014 is expected to range from 89.49 million to 134.23 million RMB, reflecting a decrease of 10% to 40% compared to the same period in 2013[17]. - The net profit for the first half of 2013 was 149.145 million RMB, indicating a significant decline in performance due to increased market competition and rising costs[17]. Cash Flow and Assets - Operating cash flow increased by 58.23% to CNY 45,922,470.52[7]. - Total assets at the end of the reporting period were CNY 2,571,279,261.39, reflecting a 1.2% increase from the end of the previous year[7]. - Cash and cash equivalents increased by 60.95% due to the maturity of certain financial products[13]. - The company reported a 91.51% decrease in financial expenses as funds were invested in financial products instead of being held in deposits[13]. Shareholder Information - The number of shareholders at the end of the reporting period was 16,421[10]. Operational Developments - Other operating income grew by 475.16% due to government subsidies received by a subsidiary[13]. - The company is progressing well with the design and renovation of its office building[14]. Market Conditions - The company attributes the decline in revenue to the overall weakness in the textile and apparel industry and changing consumer demands for personalized products[17].