Exceed Company Ltd. reported unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of RMB 894,557,000 against RMB 751,413,000 for the same period last year. The increase in revenue was primarily driven by the increased demand for the company's products and the continuous expansion of the Xidelong retail network by the company's distributors in China. Operating profit was RMB 147,294,000 against RMB 128,262,000 for the same period last year. Profit before tax was RMB 147,243,000 against RMB 141,246,000 for the same period last year. Profit for the period attributable to equity holders of the company was RMB 127,984,000 or RMB 3.88 per diluted share against RMB 124,172,000 or RMB 3.77 per diluted share for the same period last year. Net cash inflow from operating activities was RMB 75,873,000 against RMB 182,045,000 for the same period last year. Cash inflow from operating activities decreased primarily due to the growth in trade receivables related to the increase in sales. The effect was partially offset by the increase in trade payables. The company provided revenue guidance for the second quarter and full year of 2012. The company expects to generate net revenues in the range of RMB 482.0 million to RMB 519.0 million in the second quarter of 2012, representing an approximate year-over-year decrease of 30% to 35%, as compared with RMB 741.5 million in the same period of 2011. For the full year 2012, the company currently expects a year-over-year decline in net revenue of approximately 20%, as a result of the lower wholesale order activity at its 2012 sales fairs. The company revised earnings results for the first quarter ended March 31, 2011, second quarter and six months ended June 30, 2012 and third quarter and nine months ended September 30, 2012. For the first quarter ended March 31, 2011, the company now reported operating profit of RMB 128,262,000 against previously reported of RMB 128,262,000. The company now reported profit before tax of RMB 141,246,000 against previously reported of RMB 128,012,000. The company now reported profit for the period attributable to equity holders of the company of RMB 124,172,000 or RMB 3.77 per diluted share against previously reported of RMB 110,938,000 or RMB 3.37 per diluted share. For the first quarter ended March 31, 2011, the company now reported operating profit of RMB 128,262,000 against previously reported of RMB 128,262,000. The company now reported profit before tax of RMB 141,246,000 against previously reported of RMB 128,012,000. The company now reported profit for the period attributable to equity holders of the company of RMB 124,172,000 or RMB 3.77 per diluted share against previously reported of RMB 110,938,000 or RMB 3.37 per diluted share. For the second quarter ended June 30, 2011, the company now reported operating profit of RMB 109,808,000 against previously reported of RMB 109,808,000. The company now reported profit before tax of RMB 173,472,000 against previously reported of RMB 109,555,000. The company now reported profit for the period attributable to equity holders of the company of RMB 158,664,000 or RMB 5.08 per diluted share against previously reported of RMB 94,747,000 or RMB 3.03 per diluted share. For the six months ended June 30, 2011, the company now reported operating profit of RMB 238,070,000 against previously reported of RMB 238,070,000. The company now reported profit before tax of RMB 314,718,000 against previously reported of RMB 237,567,000. The company now reported profit for the period attributable to equity holders of the company of RMB 282,836,000 or RMB 8.81 per diluted share against previously reported of RMB 205,685,000 or RMB 6.41 per diluted share. For the third quarter ended September 30, 2011, the company now reported operating profit of RMB 179,248,000 against previously reported of RMB 179,248,000. The company now reported profit before tax of RMB 167,735,000 against previously reported of RMB 178,992,000. The company now reported profit for the period attributable to equity holders of the company of RMB 144,824,000 or RMB 4.81 per diluted share against previously reported of RMB 156,081,000 or RMB 5.18 per diluted share. For the nine months ended September 30, 2011, the company now reported operating profit of RMB 417,318,000 against previously reported of RMB 417,318,000. The company now reported profit before tax of RMB 482,453,000 against previously reported of RMB 416,559,000. The company now reported profit for the period attributable to equity holders of the company of RMB 427,660,000 or RMB 13.77 per diluted share against previously reported of RMB 361,766,000 or RMB 11.65 per diluted share.