King's Luck(SH:603369)2015-08-24 16:00Financial Performance - The company achieved operating revenue of ¥1,442,596,682.22, representing a 2.13% increase compared to the same period last year[24]. - The net profit attributable to shareholders reached ¥468,285,847.92, marking a 2.21% growth year-on-year[24]. - The net cash flow from operating activities increased by 111.09% to ¥276,207,201.06 compared to the previous year[18]. - The total assets of the company grew by 16.19% to ¥5,229,252,119.69 from the end of the previous year[18]. - The net assets attributable to shareholders increased by 7.68% to ¥3,816,720,774.55 compared to the end of the previous year[18]. - Basic earnings per share decreased by 8.34% to ¥0.9332 compared to the same period last year[19]. - The weighted average return on equity decreased by 6.37 percentage points to 12.61% compared to the same period last year[19]. - The company reported a significant increase in research and development expenditures due to increased investment in R&D[27]. - The increase in sales expenses was primarily due to higher promotional costs during the reporting period[27]. - The company noted a substantial decrease in the collection of acceptance bills, impacting the net cash flow from operating activities[27]. Investment and Cash Flow - The investment cash outflow increased significantly by 1464.88% to CNY 490,592,644.16, primarily due to increased external investments using idle funds[37]. - The financial expenses showed a significant increase in income due to improved returns on idle funds, resulting in a financial income of CNY -23,999,165.12[29]. - The company reported a 3265.00% increase in investment income to CNY 13,460,000.00, compared to CNY 400,000.00 in the previous year[29]. - The cash and cash equivalents decreased by 89.07% to CNY 80,455,469.87, down from CNY 736,113,982.47 in the previous period[38]. - The company experienced a 14.04% increase in selling expenses, amounting to CNY 198,028,314.29, attributed to higher promotional costs[29]. - The fair value changes in financial assets increased by 628.00% to CNY 1,468,215.55, due to the fair value changes of forward foreign exchange contracts with banks[33]. Revenue and Sales - The company's main business revenue reached approximately 1.43 billion RMB, with a gross profit margin of 68.78%[40]. - Revenue from liquor products increased by 1.95% compared to the previous year, while the cost of sales rose by 0.65%, resulting in a gross profit margin increase of 0.41 percentage points[40]. - Domestic sales accounted for approximately 1.35 billion RMB, reflecting a year-on-year increase of 1.69%, while external sales reached about 81.73 million RMB, up by 6.54%[42]. Shareholder Information - The company distributed a cash dividend of RMB 3.9 per 10 shares to shareholders, based on a total share capital of 50.18 million shares as approved in the 2014 annual general meeting[51]. - The total number of shareholders at the end of the reporting period was 17,174[66]. - The top shareholder, Jinshiyuan Group, holds 224,419,615 shares, representing 44.72% of the total shares, with 36,000,000 shares pledged[68]. - Shanghai Mingda Industrial Group holds 58,500,000 shares, accounting for 11.66% of the total shares, with 40,000,000 shares pledged[68]. - The company has a total of 18,000,000 shares held by Lianshui Jiyuan Trading Co., representing 3.59% of the total shares, with no shares pledged[68]. - The company has 13,500,000 shares held by Jiangsu Wanxin Holdings Group, which is 2.69% of the total shares, with 11,100,000 shares pledged[68]. Governance and Compliance - The company has maintained a stable governance structure, ensuring compliance with relevant laws and regulations[62]. - The company has not reported any significant litigation, arbitration, or media scrutiny during the reporting period[55]. - The company has not experienced any significant changes in share capital structure during the reporting period[65]. - The company has no strategic investors or changes in controlling shareholders during the reporting period[72]. Assets and Liabilities - Total current assets increased to CNY 3,809,722,123.68 from CNY 3,533,121,561.72, representing a growth of approximately 7.8%[77]. - Cash and cash equivalents rose to CNY 1,649,847,466.63 from CNY 1,369,479,121.64, an increase of about 20.5%[77]. - Total non-current assets increased significantly to CNY 1,419,529,996.01 from CNY 967,615,839.64, reflecting a growth of approximately 46.7%[78]. - Total liabilities increased to CNY 1,404,334,054.33 from CNY 942,861,707.79, representing a growth of about 48.8%[79]. - Owner's equity totaled CNY 3,824,918,065.36, up from CNY 3,557,875,693.57, indicating an increase of approximately 7.5%[79]. Financial Reporting and Accounting - The financial statements are prepared based on the assumption of going concern for at least 12 months from the reporting date[110]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect a true and complete picture of its financial status[110]. - The company recognizes investment income from the disposal of subsidiaries based on the fair value of remaining equity investments at the loss of control date[120]. - The company applies an aging analysis method for estimating bad debt provisions, with percentages ranging from 5% for receivables within 1 year to 100% for those over 5 years[135]. Cash Management - The company confirmed that it has a cash deposit of CNY 133.15 million in a special account for raised funds, in compliance with relevant regulations[179]. - The company reported a bank deposit balance of approximately CNY 1.35 billion, up from CNY 1.27 billion, indicating an increase of around 6.0%[179]. - The company has a total of CNY 298.64 million in other monetary funds, which includes a margin deposit for a forward foreign exchange settlement[179].