跨境通(002640) - 2014 Q2 - 季度财报(更新)

Financial Performance - The company achieved operating revenue of CNY 198,345,031.43, representing a year-on-year increase of 4.61%[21] - The net profit attributable to shareholders was CNY 11,395,952.96, a decrease of 44.81% compared to the same period last year[21] - The basic earnings per share decreased by 40.00% to CNY 0.09[21] - The company reported a year-on-year increase in operating costs of 10.97%, totaling CNY 105,650,300.00[31] - Operating costs increased by 10.97% to ¥105,650,310.63 from ¥95,206,474.50, leading to a decrease in gross margin[32] - Sales expenses rose by 17.57% to ¥47,410,567.20, while management expenses decreased by 6.36% to ¥24,975,661.06[32] - Financial expenses surged by 124.46% to ¥4,918,321.31, primarily due to a decrease in interest income[32] - The company reported a significant increase in costs due to rising labor and rental expenses, impacting profit margins[63] - Net profit for the current period was ¥9,896,545.02, a decrease of 50.16% from ¥19,857,844.54 in the previous period[136] - Net profit for the current period is ¥20,529,047.12, down 23.6% from ¥26,882,202.94 in the previous period[139] Cash Flow - The net cash flow from operating activities was CNY -45,317,749.84, showing an improvement of 4.92% year-on-year[21] - The net cash flow from operating activities improved by 4.92%, reaching -¥45,317,749.84 compared to -¥47,660,868.32 in the previous year[32] - The company reported a significant reduction in cash flow from investment activities, improving by 81.26% to -¥3,785,766.62 from -¥20,206,547.16[32] - Cash flow from financing activities saw a drastic decline of 2,293.81%, totaling -¥37,164,618.66, attributed to a decrease in borrowings[32] - The total cash outflow from operating activities is ¥229,167,456.11, slightly down from ¥233,178,141.89 in the previous period[144] - Cash flow from financing activities shows a net outflow of ¥37,164,618.66, compared to a net inflow of ¥1,694,068.67 in the previous period[146] - The net cash flow from financing activities was -$37.16 million, compared to -$1.31 million in the previous period[152] - The total cash and cash equivalents at the end of the period decreased to $43.33 million from $135.54 million year-over-year[152] Assets and Liabilities - Total assets at the end of the reporting period were CNY 955,882,985.98, down 2.23% from the previous year[21] - The company's total assets at the end of the reporting period were CNY 955,882,985.98, down from CNY 977,697,069.89 at the beginning of the period[123] - Current assets totaled CNY 820,001,277.62, a decrease from CNY 845,825,672.88 at the beginning of the period[123] - Total liabilities decreased to ¥258,555,624.98 from ¥280,925,385.96, a reduction of 7.97%[132] - The total owner's equity at the end of the period is RMB 739,161,519.22, which includes a net profit of RMB 20,529,047.12 for the current period[164] Subsidiaries and Investments - The total assets of the subsidiary Lanzhou Baiyuan Clothing Co., Ltd. amounted to 12,216,860.92 CNY, with a net profit of -491,868.03 CNY[59] - The subsidiary Zhengzhou Bairui Pants Industry Co., Ltd. reported total assets of 5,390,389.46 CNY and a net profit of -765,909.66 CNY[59] - The subsidiary Hefei Baiyuan Pants Industry Co., Ltd. had total assets of 9,873,471.91 CNY, with a net profit of -1,157,226.08 CNY[59] - The subsidiary Nanjing Baiyuan Pants Industry Co., Ltd. reported total assets of 34,609,795.34 CNY and a net profit of -901,360.18 CNY[59] - The subsidiary Wuhan Shiyishu Business Co., Ltd. had total assets of 20,463,815.99 CNY, with a net profit of -1,574,625.08 CNY[59] Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards and has not faced any media scrutiny[72][74] - There were no major litigation or arbitration matters during the reporting period[73] - The company has not reported any unfulfilled commitments or reasons for non-compliance[99] - The company has committed to not transferring or authorizing the management of its shares for a period of 36 months from the date of stock listing[95] - The company has maintained strict compliance with its commitments regarding share management and transfer[95] Shareholder Information - The company reported a total share count of 133,340,000, with 75% being restricted shares and 25% unrestricted shares[105] - Yang Jianxin held 35.42% of the shares, amounting to 47,226,750 shares, with 35,000,000 shares pledged[107] - Fan Meihua owned 20.83% of the shares, totaling 27,773,250 shares, with 2,720,000 shares pledged[107] - The total number of common shareholders at the end of the reporting period was 13,498[107] Accounting Policies - The company prepares consolidated financial statements in accordance with relevant accounting standards, eliminating significant internal transactions and balances[183] - The company assesses impairment for financial assets, with significant individual assets tested separately and others potentially grouped by similar credit risk characteristics[191] - The company recognizes a loss on impairment for available-for-sale financial assets, transferring cumulative losses from equity to profit or loss[191] - The company uses an aging analysis method to determine the provision for bad debts, with specific percentages for different aging categories: 5% for within 1 year, 10% for 1-2 years, 20% for 2-3 years, 50% for 3-4 years, 80% for 4-5 years, and 100% for over 5 years[195] - The company applies a perpetual inventory system for inventory management, ensuring continuous tracking of stock levels[198]