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 | ...

Financial Performance - Operating revenue for the first nine months was CNY 2,732,912,163.40, a decrease of 0.88% year-on-year[9] - Net profit attributable to shareholders of the listed company was CNY 32,283,094.01, compared to a loss of CNY 8,649,539.37 in the same period last year[9] - Basic earnings per share increased to CNY 0.1308 from a loss of CNY 0.0351 in the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 1,823,746.39, compared to a loss of CNY 30,432,619.10 in the same period last year[9] - The company reported a total revenue of CNY 1,485,084,091.34 for the first nine months of 2020, compared to CNY 1,478,381,196.72 for the same period in 2019, showing a slight increase[29] - Net profit for Q3 2020 reached approximately ¥12.65 million, compared to ¥5.66 million in Q3 2019, marking a significant increase[32] - The company reported a profit margin of approximately 1.05% for Q3 2020, up from 0.49% in Q3 2019[32] - The total profit for Q3 2020 was approximately ¥14.86 million, compared to ¥5.49 million in Q3 2019, indicating strong growth[32] - The company recorded a total comprehensive income of approximately ¥12.30 million in Q3 2020, compared to ¥8.15 million in Q3 2019[33] - Net profit for the first three quarters of 2020 was ¥21.33 million, compared to ¥18.24 million in the same period of 2019, reflecting a growth of 17.4%[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,855,776,053.80, a decrease of 0.18% compared to the end of the previous year[9] - Total liabilities decreased to CNY 1,766,170,024.64 from CNY 1,797,518,421.99, indicating a reduction in financial obligations[23] - The company's total equity increased to CNY 2,089,606,029.16 from CNY 2,065,078,597.08, reflecting a growth in shareholder value[23] - Total current assets amounted to CNY 2,069,167,108.36, slightly down from CNY 2,075,272,373.32 at the end of last year[21] - Cash and cash equivalents decreased significantly to CNY 148,951,301.89 from CNY 220,960,661.66, indicating a liquidity challenge[26] - Current liabilities totaled CNY 1,505,471,327.99, including short-term borrowings of CNY 268,821,950.46 and accounts payable of CNY 594,593,601.18[46] - Total liabilities reached CNY 1,797,518,421.99, with non-current liabilities at CNY 292,047,094.00[47] - The total current assets and liabilities indicate a healthy liquidity position for the company[51] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -93,268,113.98, an improvement from CNY -167,493,721.38 in the previous year[9] - The company reported a net cash flow from operating activities of -¥93.27 million for the first three quarters of 2020, an improvement from -¥167.49 million in the same period of 2019[38] - The total cash inflow from operating activities in Q3 2020 was CNY 617,268,753.40, a 58.8% increase from CNY 388,425,699.95 in Q3 2019[41] - The company incurred cash outflows of CNY 769,743,034.04 from operating activities, which is an increase from CNY 612,798,136.56 in the previous year[41] - The financing activities generated a cash inflow of CNY 429,394,659.63, up from CNY 182,915,723.94 in the same period of 2019[41] - The net cash flow from financing activities was CNY -111,457,447.58, worsening from CNY -45,432,276.20 in the previous year, indicating higher debt repayments[43] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 1.05% to CNY 1,710,905,309.93 compared to the end of the previous year[9] - Total number of shareholders reached 26,264[12] Government Support - Government subsidies recognized in the current period amounted to CNY 2,074,988.39, primarily from exhibition subsidies and employment stabilization subsidies[9] - Non-operating income for the current period included CNY 6,410,530.44, with significant contributions from government compensation for land acquisition[10] - Other income rose by 53.02% to CNY 7,026,992.91, attributed to increased government subsidies[17] Investment and Expenses - Financial expenses increased by 80.55% to CNY 13,351,923.75, mainly due to exchange losses from RMB appreciation[17] - The company has ongoing investments in fixed assets, with a total of CNY 288,896,170.77 as of September 30, 2020[22] - Research and development expenses were not reported for the periods analyzed, indicating a potential area for future investment[31] - Sales expenses increased to ¥35.05 million in the first three quarters of 2020, up 65.9% from ¥21.12 million in the same period of 2019[35]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,524,264,939.01, a decrease of 4.94% compared to CNY 1,603,424,161.44 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 22,879,810.38, a significant recovery from a loss of CNY 9,519,457.04 in the previous year[21]. - The net cash flow from operating activities was negative at CNY -50,868,421.32, an improvement from CNY -63,553,467.65 in the same period last year[21]. - The total profit amounted to 28.77 million yuan, with a net profit attributable to the parent company of 22.8798 million yuan, marking a turnaround from loss to profit compared to the same period last year[43]. - The company reported a net profit for the first half of 2020 of RMB 23,974,741.06, a significant recovery from a net loss of RMB 15,001,201.45 in the same period last year[117]. - The company achieved a total comprehensive income of RMB 23,910,526.76, compared to a loss of RMB 12,519,110.06 in the first half of 2019[117]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,784,197,407.39, down 2.03% from CNY 3,862,597,019.07 at the end of the previous year[21]. - The total liabilities and owners' equity at the end of the first half of 2020 amounted to CNY 1,858,036,080.30, consistent with the previous reporting period[132]. - The asset-liability ratio decreased from 46.54% at the end of 2019 to 45.04%, enhancing risk prevention and asset quality[44]. - Current liabilities totaled CNY 1,472,793,183.26, slightly down from CNY 1,505,471,327.99 in the previous period[109]. - Non-current liabilities decreased to CNY 231,553,475.29 from CNY 292,047,094.00, indicating a reduction in long-term financial obligations[109]. Cash Flow - The cash inflow from operating activities for the first half of 2020 was CNY 1,892,903,907.49, an increase of 2.9% compared to CNY 1,838,255,368.73 in the first half of 2019[123]. - The cash inflow from investment activities significantly increased to CNY 1,525,706,756.01, compared to CNY 72,911,058.49 in the previous year[124]. - The cash inflow from financing activities totaled CNY 297,468,589.77, up from CNY 117,914,112.09 in the same period last year[124]. - The total cash and cash equivalents at the end of the period were CNY 432,294,313.88, compared to CNY 304,620,678.85 at the end of the first half of 2019[124]. Government Support and Subsidies - The company received government subsidies amounting to CNY 4,952,004.52, primarily for exhibition support and employment stabilization[23]. - The company received government compensation of CNY 23,676,200 for land storage, which was included in the current period's profit[57]. Market and Trade - The company's export trade primarily includes categories such as clothing, toys, and fishing gear, while imports focus on medical devices and chemicals[28]. - The overall import and export trade value in China for the first half of 2020 was 14.24 trillion RMB, showing a year-on-year decline of 3.2%[32]. - The company is actively expanding its cross-border e-commerce business to leverage the growth of the global internet economy[38]. - The company continues to face uncertainties in foreign trade due to global economic downturns and trade tensions, with predictions of a 4.9% decline in the world economy[32]. Risks and Challenges - The company has outlined potential risks in its operations, which are detailed in the report[8]. - The company is facing significant challenges with order cancellations and delays due to the pandemic, impacting its international market demand[72]. - The company has reported major litigation and arbitration matters during the reporting period[81]. Shareholder and Equity Information - The total owner's equity at the end of the current period is CNY 1,488,620,039.53, which shows a decrease of CNY 11,951,106.87 from the previous period[137]. - The company did not report any significant changes in share capital or shareholder structure during the reporting period[99]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[75]. Investment and Subsidiaries - Jiangsu Hongye Co., Ltd. invested 8 million yuan in Jiangsu Aitao Public Art Development Co., Ltd., holding a 40% stake, with an initial investment of 4 million yuan completed during the reporting period[62]. - Jiangsu Hongye's investment in Hongye Futures Co., Ltd. generated a net profit of 39,246,956.55 yuan, contributing 29.55% to the company's net profit[69]. - The company completed the merger of its wholly-owned subsidiary Jiangsu Hongye Ship Trading Co., Ltd. into Jiangsu Hongye Crafts Co., Ltd., increasing the registered capital from 15.5 million yuan to 25.5 million yuan[68]. Accounting Policies and Practices - The financial statements are prepared based on the going concern principle, indicating management's belief in the company's ability to continue operations for at least 12 months from the approval date of the financial statements[145]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[147]. - The company recognizes impairment losses for non-current assets held for sale when their carrying amount exceeds the fair value less costs to sell[177]. Legal Matters - The company reported a civil lawsuit involving a claim of 1,108,000 RMB, with a provision for bad debt of 1,642,974.31 RMB[82]. - A civil lawsuit against the company resulted in a judgment for the return of 45.34 kg of gold, with a provision for bad debt of 9,592,635.22 RMB[82]. - The company has recognized a provision for expected liabilities amounting to 7,963,985.85 RMB related to ongoing lawsuits[82].

Financial Performance - The company's operating revenue for 2019 was CNY 4,297,028,434.35, a decrease of 4.66% compared to CNY 4,506,991,026.46 in 2018[21] - The net profit attributable to shareholders for 2019 was CNY 35,365,490.81, a significant recovery from a loss of CNY 70,173,837.75 in 2018[21] - The net cash flow from operating activities increased by 381.60% to CNY 417,024,861.78 from CNY 86,590,920.27 in the previous year[21] - The total assets of the company at the end of 2019 were CNY 3,862,597,019.07, reflecting a 27.98% increase from CNY 3,018,221,278.29 in 2018[21] - The net assets attributable to shareholders increased by 30.95% to CNY 1,693,045,335.11 from CNY 1,292,877,624.83 in 2018[21] - The basic earnings per share for 2019 was CNY 0.1433, recovering from a loss of CNY 0.2844 in 2018[22] - The weighted average return on equity improved to 2.1850% in 2019, an increase of 7.43 percentage points from -5.2458% in 2018[22] Revenue and Profitability - In 2019, the total operating revenue for Jiangsu Hongye Co., Ltd. was approximately CNY 4.3 billion, with quarterly revenues of CNY 796.86 million, CNY 806.56 million, CNY 1.15 billion, and CNY 1.54 billion respectively[23] - The net profit attributable to shareholders for the year was CNY 44.02 million, with a significant quarterly recovery from a loss of CNY 4.83 million in Q1 to a profit in Q4[23] - The company reported a non-recurring gain of CNY 122.15 million in 2019, primarily from the disposal of non-current assets, which included CNY 139.99 million from land disposal[25][27] - The company reported a significant reduction in non-recurring losses, with a total of CNY 40.56 million in tax impacts from non-recurring items[27] - The company achieved operating revenue of 4.297 billion RMB, a year-on-year decrease of 4.66%[43] - The net profit attributable to the parent company was 35.37 million RMB, marking a turnaround from loss to profit[43] Cash Flow and Assets - The net cash flow from operating activities showed a substantial improvement, ending the year with CNY 584.52 million after a negative cash flow in the first three quarters[23] - The total assets of the company increased from CNY 786.40 million at the beginning of the year to CNY 1.21 billion by year-end, indicating strong growth in financial health[28] - The company's financial expenses decreased by 40.41% to 12,610,889.45 CNY, due to lower financing costs compared to the previous year[67] - The total current assets reached RMB 2,075,272,373.32, up from RMB 1,798,422,684.97 in the previous year, indicating an increase of about 15.4%[193] - The company's cash and cash equivalents decreased to RMB 607,947,728.05 from RMB 638,657,142.83, representing a decline of approximately 4.0%[193] Market and Export Performance - The company exported approximately 48 million USD in toys, showing significant growth compared to the previous year[44] - Exports of rush grass products reached over 13 million USD, an increase of about 14% from 2018, maintaining industry leadership[44] - The company’s cross-border e-commerce platform sales reached 23 million USD, a growth of 108% compared to 2018[46] - The company successfully imported approximately 17.8 million USD worth of chemical materials, demonstrating robust growth despite industry challenges[45] - The company has established trade relationships in over 100 countries and regions, enhancing its competitive edge in the market[37] Strategic Initiatives - The company aims to enhance its competitive edge by expanding into high-value segments of the supply chain, focusing on cultural and investment businesses as complementary to its trade operations[30] - The company plans to leverage its cultural business to support its main trade operations, with a focus on art projects and cultural trade[30] - The company is actively pursuing reforms to improve governance structures and decision-making efficiency[50] - The company is focusing on transforming its business model by extending into upstream and downstream of the supply chain to enhance profitability[89] - The company is exploring potential mergers and acquisitions to enhance its competitive edge, with a focus on acquiring smaller firms in the industry[160] Risk Management - The report includes a risk statement indicating potential risks related to future plans and strategies, advising investors to be cautious[6] - The company has committed to enhancing risk management practices, including improving risk control mechanisms and increasing proactive risk warning management[101] - The company is facing macroeconomic risks due to the global impact of the COVID-19 pandemic, which has led to lowered growth expectations from major financial institutions[99] - The company is implementing strategies to manage currency exchange risks and optimize its import-export business structure[100] - The company is addressing potential order declines and fulfillment risks exacerbated by the COVID-19 pandemic[100] Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholders' rights and promoting sustainable development[171] - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2019, and its operating results for the year[181] - The company has not reported any major deficiencies in internal control during the reporting period[178] - The company has maintained strict control over insider information during the reporting period, ensuring compliance with disclosure requirements[171] - The company has not encountered any non-standard audit opinions during the reporting period, indicating a clean audit status[111] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 31,581, an increase from 28,777 at the end of the previous month[145] - Jiangsu Suhao Holding Group Co., Ltd. is the largest shareholder, holding 53,820,061 shares with no changes during the reporting period[147] - The company has no significant changes in the controlling shareholder or actual controller during the reporting period[149] - The total pre-tax compensation for the chairman, Wu Tingchang, was 336,600 RMB, while for director Jiang Lin it was 331,700 RMB[156] - The report highlights the importance of performance-based compensation in aligning executive interests with company performance[157] Employee and Management - The total number of employees in the parent company is 204, while the total number of employees in major subsidiaries is 2,360, resulting in a combined total of 2,564 employees[166] - The company has established a competitive remuneration system to attract and retain talent, with a focus on aligning compensation with company development goals[167] - The company has implemented a training system that combines internal and external training to enhance employee skills and support personal and corporate growth[168] - The company has appointed new personnel in key positions, including a new financial officer and board secretary, to strengthen management[164] - The management team emphasized the importance of strategic partnerships to drive growth, aiming to establish at least five new collaborations in 2020[160]

江苏弘业股份有限公司 2020 年第一季度报告 公司代码：600128 公司简称：弘业股份 江苏弘业股份有限公司 2020 年第一季度报告 1 / 31 | 一、重要提示 | | 3 | | --- | --- | --- | | 二、公司基本情况 | | 4 | | 三、重要事项 | | 8 | | 四、附录 | | 11 | 江苏弘业股份有限公司 2020 年第一季度报告 一、 重要提示 3 / 31 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴廷昌、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。 1.4 本公司第一季度报告未经审计。 江苏弘业股份有限公司 2020 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | - ...

Financial Performance - Operating revenue decreased by 17.49% to CNY 2,757,110,685.23 for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders improved to a loss of CNY -8,649,539.37 from a loss of CNY -40,435,788.33 in the same period last year[8] - The weighted average return on net assets increased by 2.44 percentage points to -0.5613% compared to the same period last year[8] - Basic and diluted earnings per share improved to CNY -0.0351 from CNY -0.1639 in the same period last year[8] - Total operating revenue for Q3 2019 reached ¥1,153,686,523.79, an increase of 10.4% compared to ¥1,045,412,993.70 in Q3 2018[35] - Net profit for Q3 2019 was ¥5,661,912.50, compared to a net loss of ¥9,339,288.95 in the same period of 2018[36] - The company reported a profit margin of approximately 0.49% in Q3 2019, a significant improvement from the negative margin in Q3 2018[36] - Total comprehensive income for Q3 2019 was ¥8,154,342.52, compared to a comprehensive loss of ¥4,364,767.54 in Q3 2018[37] Assets and Liabilities - Total assets increased by 10.66% to CNY 3,339,999,116.11 compared to the end of the previous year[8] - Non-current assets totaled CNY 1,620,329,179.16, up from CNY 1,219,798,593.32, marking a significant increase of 32.8%[28] - Current liabilities decreased to CNY 1,258,917,616.88 from CNY 1,400,899,147.44, a reduction of 10.1%[29] - Total liabilities amounted to CNY 1,478,931,463.72, down from CNY 1,556,259,412.76, indicating a decrease of 5.0%[29] - Cash and cash equivalents decreased by 56.54% to ¥277,578,539.02 from ¥638,657,142.83 due to reduced net financing and increased construction investment[21] - Inventory levels dropped significantly to CNY 2,045,819.36 from CNY 6,709,856.18, a decrease of 69.6%[31] Shareholder Information - Net assets attributable to shareholders rose by 19.04% to CNY 1,539,068,086.01 compared to the end of the previous year[8] - The total number of shareholders reached 33,253 by the end of the reporting period[15] - The top shareholder, Jiangsu Suhao Holding Group Co., Ltd., holds 21.81% of the shares[16] - Shareholders' equity rose to CNY 1,861,067,652.39, compared to CNY 1,461,961,865.53, representing an increase of 27.3%[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -167,493,721.38, an improvement from CNY -181,561,985.43 in the same period last year[8] - The company received approximately ¥2.68 billion in cash from sales of goods and services in the first three quarters of 2019, down from ¥3.28 billion in the same period of 2018[43] - The total cash outflow from operating activities in the first three quarters of 2019 was 612,798,136.56 RMB, an increase from 528,092,979.78 RMB in the previous year[46] - The company experienced a net cash outflow from financing activities of -45,432,276.20 RMB in the third quarter of 2019, compared to -32,380,934.78 RMB in the same quarter of 2018[48] Investment and Income - The company reported non-operating income of CNY 4,619,603.24 from the disposal of non-current assets for the first nine months[10] - Investment income increased by 91.79% to ¥32,498,443.33 from ¥16,945,112.07, mainly due to the exclusion of Nanjing Hongshun Footwear from the consolidated financial statements[22] - The company recorded investment income of ¥14,378,232.83 in Q3 2019, an increase from ¥9,363,000.38 in Q3 2018[36] Tax and Charges - The company reported a 48.48% decrease in tax and additional charges to ¥7,247,296.88 from ¥14,066,415.34, as there were no land value-added tax payments this period[22] - The company experienced a decrease in tax expenses, with Q3 2019 tax expenses at -¥175,792.24 compared to -¥635,154.67 in Q3 2018[36] Other Financial Metrics - The company reported a total cash inflow from operating activities of 565,355,326.58 RMB in the first three quarters of 2019, slightly down from 570,000,743.23 RMB in the previous year[46] - The company reported a total of CNY 126,600,409.33 in prepayments, consistent with prior figures[53] - The company did not report any new product developments or market expansion strategies during this quarter[56]