江苏弘业股份有限公司 2023 年第一季度报告 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 证券代码：600128 证券简称：弘业股份 江苏弘业股份有限公司 2023 年第一季度报告 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 1,122,344,328.69 | -5.70 | | 归属于上市公司股东的净利润 | 5,660,681.07 | 42.58 | | 归属于上市公司股东的扣除非经常 | -10,321,797.23 | -1,29 ...

Financial Performance - The company's operating revenue for 2022 was CNY 6,164,216,177.37, representing a 15.84% increase compared to CNY 5,321,094,345.13 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 38,521,378.14, a 15.97% increase from CNY 33,216,316.03 in 2021[20]. - The basic earnings per share for 2022 was CNY 0.1561, reflecting a 15.97% increase from CNY 0.1346 in 2021[22]. - The total assets at the end of 2022 were CNY 5,350,996,365.91, an 8.79% increase from CNY 4,918,775,671.59 at the end of 2021[21]. - The total equity attributable to shareholders at the end of 2022 was CNY 2,081,602,386.57, a slight decrease of 0.15% from CNY 2,084,818,922.58 at the end of 2021[21]. - The company achieved a total operating revenue of 6.164 billion RMB in 2022, representing a year-on-year growth of 15.84%[29]. - The net profit attributable to the parent company was 38.52 million RMB, an increase of 15.97% compared to the previous year[29]. - The revenue from domestic sales was 2.740 billion RMB, showing a year-on-year increase of 43.47%[51]. - The company reported a significant increase in R&D expenses, which amounted to 1.18 million RMB, marking a 100% increase from the previous year[48]. - The company reported a net cash flow from operating activities of -¥144,314,717.43, a significant decrease from ¥185,125,593.21 in the previous year[65]. Cash Flow and Investments - The net cash flow from operating activities for 2022 was CNY -144,314,717.43, an improvement from CNY -185,125,593.21 in 2021[20]. - The cash flow from financing activities was 257.30 million RMB, a significant improvement compared to the previous year's negative cash flow[48]. - The company reported a significant increase in other current liabilities by 178.78% to ¥148,841,953.25, mainly due to an increase in endorsed but not yet due bank acceptance bills[68]. - The company has entrusted cash asset management with a total of RMB 15,000 million in bank wealth management, RMB 14,750 million in trust wealth management, RMB 4,810.04 million in asset management products, and RMB 4,419.24 million in public funds[183]. - The company has no overdue amounts in its entrusted wealth management activities[183]. Business Operations and Strategy - Export business for toys saw a significant increase, with export volume growing by 60% due to leveraging the advantages of the Yangzhou R&D center[29]. - The company exported over 20 million USD in pet supplies, supported by nearly 200 independent brands and design patents[29]. - The coal business operated 780,000 tons, achieving record revenue and profit levels[30]. - The company completed 1,200 bidding projects in the bidding agency business, receiving a 5A certificate from the Jiangsu Provincial Government Procurement Association[30]. - The company is focusing on energy-saving and environmental protection industries, particularly in smart and green buildings, and has implemented high-pressure fine water mist system solutions in various projects[31]. - The company is actively promoting the transformation and upgrading of its subsidiaries, with profit contributions from these transformations gradually increasing[40]. - The company is focusing on expanding its international trade, particularly in "Belt and Road" countries and emerging markets, to optimize its business structure[91]. Risk Management and Governance - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[6]. - The company is committed to enhancing its risk management capabilities by improving governance structures and implementing comprehensive risk prevention measures[34]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities among shareholders, the board, and management[95]. - The company has maintained effective compliance management, enhancing its operational management capabilities and risk prevention abilities[95]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[136]. Shareholder and Executive Management - The total pre-tax remuneration for key executives during the reporting period amounted to 454.24 million yuan[102]. - The company has a structured compensation management system that includes basic and performance-based salaries[109]. - The company has seen changes in its board, with several appointments and resignations due to various reasons[110]. - The company held multiple shareholder meetings in 2022, approving various proposals including the annual financial report and profit distribution plan[98]. - The total number of ordinary shareholders as of the end of the reporting period was 22,499, down from 23,096 at the end of the previous month[195]. Future Outlook and Strategic Goals - The company anticipates challenges in foreign trade due to external economic pressures, with a shift in focus from supply chain disruptions to weakened external demand and declining orders[82]. - The company aims to enhance its core business growth by focusing on key customers and expanding market reach, with a detailed plan for exhibitions and international visits[86]. - The company is targeting a 3-5 year digital transformation plan to establish a big data platform and improve internal data connectivity and analysis capabilities[88]. - The management has provided guidance for the next quarter, expecting revenue growth of 12% and net profit growth of 15%[104]. - The company is actively exploring new financial products and investment strategies to adapt to market changes and enhance profitability[187].

江苏弘业股份有限公司 2022 年第三季度报告 证券代码：600128 证券简称：弘业股份 江苏弘业股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财 务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 15 江苏弘业股份有限公司 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 上年同期 | | 本报告期比 上年同期增 减变动幅度 | 年初至报告期末 | 上年同期 | | 年初至报 告期末比 上年同期 增减变动 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | ( ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,728,087,831.94, representing a 25.24% increase compared to CNY 2,178,339,182.15 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 19,237,908.92, a 45.92% increase from CNY 13,183,590.57 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 16,604,609.57, showing a significant increase of 98.45% compared to CNY 8,367,208.16 last year[18]. - The basic earnings per share for the first half of 2022 was CNY 0.0780, up 46.07% from CNY 0.0534 in the same period last year[19]. - The weighted average return on net assets increased to 0.9179%, up by 0.2314 percentage points from 0.6864% in the previous year[19]. - The total assets at the end of the reporting period were CNY 4,960,540,635.85, reflecting a 0.85% increase from CNY 4,918,775,671.59 at the end of the previous year[18]. - The net cash flow from operating activities was negative at CNY -193,124,244.94, an improvement from CNY -220,735,570.55 in the same period last year[18]. - The company's net assets attributable to shareholders at the end of the reporting period were CNY 2,072,491,479.37, a slight decrease of 0.59% from CNY 2,084,818,922.58 at the end of the previous year[18]. Business Operations - The company’s main business includes trade, with exports primarily in clothing, toys, and fishing gear, and imports in medical devices and chemicals[27]. - The company has established a cross-border e-commerce business model, leveraging platforms like Amazon and eBay for retail trade[33]. - The company’s core competitive advantage includes a well-established supplier and customer resource network built over 40 years[35]. - The company’s cross-border e-commerce business has achieved a certain scale and is undergoing corporate reform for accelerated growth[37]. - The company’s trade business operates through self-operated and agency models, with profits derived from price differences and commissions[28]. - The company has strengthened its resource integration capabilities through enhanced R&D and supply chain management[35]. - The company’s investment business is gradually establishing a unified incentive and constraint mechanism to support its main trade and cultural operations[27]. Market Trends and Challenges - The total value of China's goods trade imports and exports reached 19.8 trillion RMB in the first half of the year, a year-on-year increase of 9.4%[33]. - The company faces significant challenges in the second half of the year, including rising domestic raw material prices and labor costs, leading to compressed profit margins[49]. - Consumer purchasing power has declined, resulting in insufficient orders for the second half of the year, with major retailers reducing procurement and even canceling orders[49]. - The company has experienced a structural shortage of high-level talent, impacting the development of new business models and team building[49]. - The company is focusing on optimizing its import and export business structure and leveraging government policies to enhance growth amid economic challenges[68]. - Currency fluctuation risks are being managed through strategic trade terms and hedging tools to mitigate potential losses from exchange rate volatility[69]. - The company is actively pursuing market expansion opportunities, particularly in cross-border e-commerce, to enhance its operational resilience[68]. Financial Position and Cash Flow - The company's short-term borrowings increased by 95.35% to 354,497,650.21 yuan, reflecting a rise in financing activities[55]. - The company’s overseas assets amounted to 221,486,935.96 yuan, accounting for 4.46% of total assets[56]. - The company reported a significant increase in asset disposal gains by 928.18% compared to the previous year[54]. - The company’s prepayments increased by 51.74% to 349,662,902.67 yuan, driven by new business developments[55]. - The company’s other payables rose by 45.06% to 171,797,152.66 yuan, primarily due to unpaid dividends from the previous year[55]. - The total cash and cash equivalents at the end of the period was CNY 486,788,394.28, compared to CNY 415,914,851.69 at the end of the first half of 2021[133]. - The total cash outflow from operating activities was CNY 857,119,812.90, an increase from CNY 464,043,193.15 in the previous year[135]. Legal and Compliance Issues - The company is involved in several ongoing legal disputes, including a contract dispute with Meyer Holdings, which has not yet gone to trial[88]. - The company has a civil lawsuit involving a claim of 390.79 million RMB, which is still pending in the first instance[89]. - The company has faced a civil lawsuit with Jiangsu Huatai Shipping, with a claim amount of 1.3 million RMB, where the first instance judgment was dismissed[89]. - The company has not disclosed any significant environmental penalties or issues during the reporting period, adhering to environmental regulations[78]. - The company continues to evaluate necessary measures to prevent competition issues that may harm its interests[84]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 24,080[110]. - The largest shareholder, Jiangsu Suhao Holding Group Co., Ltd., held 22.46% of the shares, totaling 55,420,061 shares[110]. - The company guarantees complete operational independence from its controlling shareholder, ensuring no interference in business decisions[84]. - The company has established measures to avoid potential competition issues with listed companies, including management system improvements and business development strategies[84]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect its financial position and operating results accurately[156]. - The company has evaluated its ability to continue as a going concern for at least 12 months from the reporting date, confirming its operational sustainability[154]. - The company’s accounting currency is Renminbi, and it follows specific accounting policies for revenue recognition and asset depreciation[159][155]. - The company has established policies for mergers and acquisitions, measuring identifiable assets and liabilities at fair value on the acquisition date[160][161]. - The company recognizes gains or losses from financial assets based on their classification, with specific treatments for fair value changes[176].

2022 年第一季度报告 证券代码：600128 证券简称：弘业股份 江苏弘业股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表信 息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 1 / 15 2022 年第一季度报告 一、 主要财务数据 （一）主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | | 上年同期 | 本报告期比上年 同期增减变动幅 | | --- | --- | --- | --- | --- | | | | | | 度(%) | | | | 调整前 | 调整后 | 调整后 | | 营业收入 | 1,190,183,169.92 | 952,450,382.51 | 952,450,382 ...

Financial Performance - The company's operating revenue for 2021 was CNY 5,321,094,345.13, representing a 20.33% increase compared to CNY 4,422,080,419.39 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 33,216,316.03, a 3.12% increase from CNY 32,210,031.45 in 2020[21] - The total revenue for the year reached approximately ¥4.36 billion, reflecting a robust growth compared to previous years[25] - The company achieved an annual revenue of 5.321 billion CNY, representing a year-on-year growth of 20.33%[33] - The net profit attributable to shareholders was 33.2163 million CNY, an increase of 3.12% year-on-year, while the net profit after deducting non-recurring gains and losses was 21.2986 million CNY, marking a turnaround from losses compared to the previous year[33] - The company reported a total revenue adjustment of ¥34,742.14 million for 2012, leading to an adjusted revenue of ¥295,256.56 million[149] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -185,125,593.21, a decrease of 150.63% compared to CNY 365,622,704.93 in 2020[21] - The total assets at the end of 2021 were CNY 4,918,775,671.59, an increase of 6.26% from CNY 4,628,912,401.93 at the end of 2020[21] - The net cash flow from operating activities decreased by 150.63% to -185,125,593.21 yuan, primarily due to an increase in operational scale and cash not yet collected from main business[68] - The total import and export volume reached 58.709 million USD, with a year-on-year increase of 31.4%, including exports of 30.458 million USD (up 6%) and imports of 28.251 million USD (up 77.6%) [34] Investment and Growth Strategies - The company plans to continue expanding its market presence and developing new products, as indicated by its strategic focus on innovation and market expansion[32] - The company aims to transform into a "supply chain service platform" during the 14th Five-Year Plan, focusing on traditional advantages and emerging industries such as healthcare and environmental protection[86] - The company plans to enhance its export business by strengthening brand building and integrating upstream supply chain resources[89] - The company intends to expand its import business by developing consumer goods and leveraging bank credit to conduct low-risk, high-efficiency agency import operations[89] - The company is exploring potential acquisitions to enhance its product portfolio and market reach[185] Risk Management - The company has outlined potential risks in its future development strategy, urging investors to be cautious[6] - The company is enhancing its risk management system and improving proactive risk warning management to prevent major risk events from occurring[96] - The company plans to mitigate exchange rate risks by locking in trade profits and using hedging tools to manage currency fluctuations[95] - The company faced significant order fulfillment risks due to the pandemic, with international shipping costs skyrocketing and domestic raw material prices surging, leading to a substantial decrease in gross margins for some orders[96] Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[98] - The company has successfully completed the election of a new board of directors and supervisory board during the reporting period[98] - The company has implemented measures to ensure the independence of its assets, personnel, and operations from its controlling shareholders[101] - The company has revised its Articles of Association and investment management system to strengthen internal control systems during the reporting period[98] Employee and Management Compensation - The total remuneration for the chairman, Ma Hongwei, during the reporting period was 530,500 RMB[104] - The company implements a salary system for the leadership team, with annual remuneration consisting of basic and performance-based components[112] - The company has established a competitive compensation system to attract and retain talent, with a focus on aligning compensation with business development goals[126] - The company has a structured approach to evaluate the annual performance of the management team[112] Legal Matters - The company is involved in multiple lawsuits with a total estimated liability of approximately 2,115.12 million and 390.79 million, among others, indicating significant legal challenges[156] - A civil lawsuit involving the company has resulted in a judgment supporting claims amounting to 4,089.50 million, with execution currently ongoing[158] - The company has reported ongoing litigation with a total claim of 1,300 million, with the second instance still pending[156] Social Responsibility - The company has actively engaged in social responsibility initiatives, including donations for COVID-19 relief efforts totaling 100,000 CNY[138] - The company has not faced any administrative penalties related to environmental issues during the reporting period[136] Shareholder Information - The total number of ordinary shareholders reached 27,013 by the end of the reporting period, an increase from 26,250 in the previous month[194] - Jiangsu Hongye Holdings Group Co., Ltd. remains the largest shareholder, holding 53,820,061 shares, representing 21.81% of the total shares[196] - The shareholding structure remained stable with no changes in the total number of shares or capital structure during the reporting period[192]

江苏弘业股份有限公司 2021 年第三季度报告 证券代码：600128 证券简称：弘业股份 江苏弘业股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 1 / 18 江苏弘业股份有限公司 2021 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | | --- | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | | 减变动幅度 | | 增减变动幅度 | | | | | (%) | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,178,339,182.15, representing a 42.91% increase compared to ¥1,524,264,939.01 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 43.82% to ¥12,854,931.35 from ¥22,879,810.38 in the previous year[18]. - The basic earnings per share for the first half of 2021 was ¥0.0521, down 43.80% from ¥0.0927 in the same period last year[19]. - The company reported a net profit for the first half of 2021 was CNY 10,419,653.65, a decrease from CNY 23,974,741.06 in the first half of 2020, reflecting a decline of approximately 56.5%[117]. - The company reported a total comprehensive income of CNY 14,507,248.59, down from CNY 23,910,526.76 in the same period last year, indicating a decline of approximately 39.4%[118]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥220,735,570.55, compared to -¥50,868,421.32 in the same period last year[18]. - The company reported a cash flow from operating activities showed a net outflow of RMB 220,735,570.55 in the first half of 2021, compared to a net outflow of RMB 50,868,421.32 in the same period of 2020[123]. - The company reported a cash and cash equivalents balance of RMB 415,914,851.69 at the end of the first half of 2021, down from RMB 432,294,313.88 at the end of the first half of 2020[124]. - The company reported a total cash outflow from financing activities of CNY 379,692,172.79, compared to CNY 275,803,254.12 in the prior period[127]. Assets and Liabilities - The total assets decreased by 3.69% to ¥4,444,649,217.09 from ¥4,614,706,968.82 at the end of the previous year[18]. - The company's total assets at the end of the reporting period amount to CNY 1,705,270,751.98[138]. - Total liabilities decreased from CNY 2,206,562,866.55 to CNY 2,040,839,266.23, a decline of approximately 7.5%[110]. - The total owner's equity at the end of the reporting period is CNY 2,079,850,748.84, with a significant increase from the previous period[138]. Investment and Growth Strategy - The company is actively expanding its cross-border e-commerce business to leverage the growth of the global internet economy[30]. - The company plans to enhance its market presence through strategic investments and potential acquisitions in the upcoming quarters[130]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive future growth[134]. - The company plans to optimize its market structure and enhance competitiveness by focusing on specialized operations and expanding into emerging markets[62]. Risk Management and Compliance - The company is implementing reforms to enhance compliance management and risk control capabilities, including the establishment of an employee stock ownership plan for subsidiaries[42]. - The company emphasizes risk management in its operations, focusing on new customers, new business models, and timely adjustments to production cycles to ensure better business profits[64]. - The company is actively managing its legal risks and has made provisions for potential liabilities arising from ongoing litigation[84]. Market and Business Operations - The main business remains focused on trade, including exports of clothing, toys, and fishing gear, and imports of medical devices and chemicals[25]. - The company has established trade relationships in over 100 countries, successfully integrating into the supplier systems of major retailers like Walmart and Costco[29]. - The company continues to adapt to the challenges posed by the ongoing global pandemic while ensuring steady operational progress[33]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 26,172[100]. - The largest shareholder, Jiangsu Suhao Holdings Group Co., Ltd., held 53,820,061 shares, accounting for 21.81% of total shares[102]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2021[69]. Legal and Regulatory Matters - There are ongoing legal disputes, including a contract dispute with Meyer Holdings, which has not yet gone to trial[81]. - The company has faced various lawsuits, with one involving a judgment for approximately 446.94 million RMB related to a loan dispute[84]. - The company has not reported any significant legal violations or penalties during the reporting period[86].

Financial Performance - The company's operating revenue for 2020 was CNY 4,422,080,419.39, representing a 2.91% increase compared to CNY 4,297,028,434.35 in 2019[21] - The net profit attributable to shareholders for 2020 was CNY 32,085,059.46, a decrease of 9.28% from CNY 35,365,490.81 in 2019[21] - The net cash flow from operating activities was CNY 365,622,704.93, down 12.33% from CNY 417,024,861.78 in the previous year[22] - The total assets increased by 19.47% to CNY 4,614,706,968.82 at the end of 2020, compared to CNY 3,862,597,019.07 at the end of 2019[22] - The net assets attributable to shareholders rose by 12.56% to CNY 1,905,629,922.99 at the end of 2020, up from CNY 1,693,045,335.11 in 2019[22] - The basic earnings per share for 2020 was CNY 0.13, a decrease of 9.28% from CNY 0.14 in 2019[23] - The weighted average return on equity decreased to 1.78% in 2020 from 2.18% in 2019, a decline of 0.40 percentage points[23] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 19,741,400 based on the total share capital of 246,767,500 shares[5] - The company reported a net profit attributable to the parent company of 32.085 million RMB, down 9.28% year-on-year[44] - In 2020, the company distributed a cash dividend of RMB 0.80 per 10 shares, compared to RMB 0.50 per 10 shares in 2019[101] Revenue and Trade Activities - In 2020, the company's total import and export volume reached $446.94 million, a year-on-year increase of 6.4%[44] - The company's export total was $288 million, a decrease of 2.0% year-on-year, while the import total was $159 million, an increase of 25.9% year-on-year[44] - The company has established trade relationships in over 100 countries and regions, successfully entering the supplier systems of Walmart and Costco[37] - The company has set up a garment production base in Myanmar to enhance its supply chain capabilities[38] - The company actively participated in online trade fairs and signed agreements with platforms to expand its foreign trade business during the pandemic[45] Business Segments and Strategy - The main business remains focused on trade, with exports primarily in clothing, toys, and fishing gear, while imports include medical devices and chemicals[30] - The company is enhancing its cultural and investment businesses to support its main trade operations, aiming to establish a unified incentive and constraint investment management model[30] - The company plans to continue its transformation and upgrade efforts, with increasing contributions from its subsidiaries[30] - The company aims to develop three key areas in its cultural business: art projects, cultural park operations, and cultural trade[30] - The company is focusing on enhancing its research and development capabilities to drive innovation and competitiveness in the market[49] Financial Management and Investments - The company reduced sales expenses by 25.17% to 170.95 million RMB, and management expenses decreased by 12.61% to 106.96 million RMB[56] - Investment income rose by 44.78% to approximately 61.48 million CNY, driven by increased financial management returns and debt restructuring gains[68] - The company has engaged in various entrusted wealth management products with a total amount of RMB 300 million, with annualized returns ranging from 1.54% to 4.3%[131] - The expected return from the wealth management products is approximately RMB 64.65 million, with actual returns matching the expected amounts for most products[131] Assets and Liabilities - The company's total assets amounted to ¥4,614,706,968.82 in 2020, compared to ¥3,862,597,019.07 in 2019, indicating an increase of around 19.5%[198] - Total liabilities increased to ¥2,206,562,866.55 in 2020, up from ¥1,797,518,421.99 in 2019, which is an increase of approximately 22.7%[198] - Shareholders' equity rose to ¥2,408,144,102.27 in 2020, compared to ¥2,065,078,597.08 in 2019, representing an increase of about 16.6%[198] Governance and Management - The company has a strategic plan to enhance its operational efficiency and governance structure[155] - The management team has a diverse background in finance, management, and industry-specific experience, which may contribute to future growth[154] - The company is committed to transparency in its remuneration policies for executives and board members[152] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 3.1588 million yuan[161] Compliance and Legal Matters - The company is involved in significant litigation, including a contract dispute with Meyer Holdings, which has not yet gone to trial[113] - The company has recognized a provision for bad debts amounting to 2,382,945.00 RMB related to ongoing litigation[116] - The company is facing a civil lawsuit with a claim of 1,500,000 RMB against Nantong Hongye Import and Export Co., which is currently under review[118] Audit and Financial Reporting - The audit report issued by Tianheng Accounting Firm provided a standard unqualified opinion on the financial statements of Jiangsu Hongye Co., Ltd. for the year 2020[182] - The company reported no significant deficiencies in internal control during the reporting period[182] - The financial statements reflect the company's financial position and operating results fairly as of December 31, 2020[182]

公司代码：600128 公司简称：弘业股份 江苏弘业股份有限公司 2021 年第一季度报告 1.2 公司全体董事出席董事会审议季度报告。 江苏弘业股份有限公司 2021 年第一季度报告 1.3 公司负责人马宏伟、主管会计工作负责人叶子驭及会计机构负责人（会计主管人员）沈旭保 证季度报告中财务报表的真实、准确、完整。 1 / 30 1.4 本公司第一季度报告未经审计。 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 二、 公司基本情况 江苏弘业股份有限公司 2021 年第一季度报告 2.1 主要财务数据 一、 重要提示 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | | --- | --- | --- | --- | --- | | | | | 度末增减(%) | | | 总资产 | 4,336,990,294.92 | 4,614,706,968.82 | -6.02 | | | 归属于上市公司股东的净资产 | 1,913,518,580.85 | 1,905,629,922.99 | ...