七匹狼(002029) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,541,855,029.76, representing a 13.88% increase compared to CNY 1,353,887,385.44 in the same period last year[22]. - Net profit attributable to shareholders reached CNY 82,702,255.02, a significant increase of 241.15% from CNY 24,242,075.72 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 82,134,736.04, compared to a loss of CNY 475,436.88 in the same period last year, marking a 17,375.63% increase[22]. - Basic earnings per share increased to CNY 0.11, up 266.67% from CNY 0.03 in the same period last year[22]. - Operating profit reached 110.566 million yuan, a significant increase of 555.82% year-on-year[36]. - The company reported a total profit of RMB 112,269,470.08, compared to RMB 20,942,226.96 in the first half of 2020, reflecting strong operational performance[178]. - The company reported a net profit of RMB 101,381,801.15 for the first half of 2021, compared to RMB 32,528,840.78 in the same period of 2020, indicating strong growth[180]. Cash Flow - The net cash flow from operating activities was CNY 23,011,688.88, a turnaround from a negative cash flow of CNY 184,941,638.58 in the previous year, reflecting a 112.44% improvement[22]. - The net cash flow from operating activities for the first half of 2021 was RMB 23,011,688.88, a significant improvement compared to a net outflow of RMB -184,941,638.58 in the same period of 2020[184]. - The net cash flow from investing activities was RMB -411,326,336.96, worsening from RMB -164,322,865.59 in the first half of 2020[186]. - The net cash flow from financing activities was RMB 340,834,009.29, a decrease from RMB 395,975,720.60 in the previous year[186]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,479,355,362.47, a 2.09% increase from CNY 9,284,920,921.61 at the end of the previous year[22]. - The company's cash and cash equivalents decreased to 1,159,154,574.29, representing 12.23% of total assets, down from 14.01% the previous year[74]. - Short-term borrowings increased to 1,485,500,000.00, accounting for 15.67% of total liabilities, up from 9.91% at the end of the previous year[74]. - Total liabilities reached ¥3,506,501,227.78, up from ¥3,238,604,463.42, indicating an increase of 8.3%[171]. Market and Business Strategy - The apparel retail market showed a recovery with a 33.7% year-on-year increase in retail sales of clothing, shoes, and hats in the first half of 2021[33]. - The company continues to focus on its main business of men's apparel, including the "Seven Wolves" brand and the international luxury brand "Karl Lagerfeld"[31]. - The company operates through a diversified multi-channel approach, combining direct sales and franchising, as well as online and offline sales[32]. - The company has adopted a "direct sales" model to enhance product availability and responsiveness to market demand[32]. Research and Development - The company's R&D investment increased by 28.16% to ¥37,094,344.98, up from ¥28,944,084.75 in the previous year[42]. - Research and development expenses rose to RMB 35,295,220.21, a 36.4% increase from RMB 25,860,451.35 in the previous year[178]. Risks and Governance - The company has outlined major risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[5]. - The company has established a rigorous investment evaluation and decision-making system to mitigate investment project risks and ensure effective capital allocation[95]. - The company has maintained a good integrity status, with no significant debts or court judgments unmet during the reporting period[116]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has committed to distributing at least 10% of its distributable profits as cash dividends each year, contingent on positive cash flow[107]. - The largest shareholder, Fujian Qipilang Group Co., Ltd., holds 34.29% of the shares, totaling 259,136,718 shares, with 131,250,000 shares pledged[151]. - The total number of shares outstanding is 755,670,000, with 723,702,668 shares being unrestricted and 31,967,332 shares being restricted[146]. Social Responsibility - The company donated a total of CNY 2,861,608.84 to various charitable causes during the reporting period, demonstrating its commitment to social responsibility[104].