Exceed Company Ltd. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of RMB 301,120,000 against RMB 894,557,000 a year ago. Operating profit was RMB 15,052,000 against RMB 147,294,000 a year ago.

Profit before tax was RMB 14,720,000 against RMB 147,243,000 a year ago. Profit for period attributable to equity holders of the company was RMB 9,888,000 against RMB 127,984,000 a year ago. Net profit per diluted share was RMB 0.30 against RMB 3.88 a year ago.

Net cash inflow from operating activities was RMB 351,644,000 against RMB 75,873,000 a year ago, an increase that was primarily due to the decrease in trade receivables during the period ended March 31, 2013. The year-over-year decrease in revenue was primarily due to a decrease in the delivery of products to distributors.