证券代码：600193 证券简称：创兴资源 公告编号：2023-052 | 股东名称 | 股东身份 | 持股数量 | 持股比例 | 当前持股股份来源 | | | --- | --- | --- | --- | --- | --- | | | | （股） | | | | | 漳州大洋投资股 | 5%以上非第一 | 37,393,771 | 8.79% | IPO 前取得：14,165,340 股 | | | 份有限公司 | 大股东 | | | 其他方式取得：23,228,431 | 股 | 一、减持主体减持前基本情况 上述减持主体无一致行动人。 1 股东持股的基本情况 本次减持计划实施前，上海创兴资源开发股份有限公司（以下简称"公 司"）股东漳州大洋投资股份有限公司（以下简称"漳州大洋"）持 有公司股份 37,393,771 股，占公司总股本的 8.79%。 减持计划的实施结果情况 二、减持计划的实施结果 上海创兴资源开发股份有限公司关于持股 5%以上股 东减持股份结果公告 本公司董事会、全体董事及相关股东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 ...

●投资标的名称：杭州中狮传媒科技有限公司 ●投资金额：2000 万元人民币 证券代码：600193 证券简称：创兴资源 编号：2023－053 上海创兴资源开发股份有限公司 关于对外投资设立子公司等的提示性公告 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： ●特别风险提示：本次投资设立子公司可能面临政策、行业、市场、组织实施等各方面不确 定因素带来的风险。 一、对外投资概述 （一）基于公司业务发展需要，上海创兴资源开发股份有限公司（以下简称"创兴资源" 或"公司"）投资设立全资子公司，杭州中狮传媒科技有限公司。公司以自有资金出资 2000 万元，占该公司注册资本的 100%。 本次对外投资事项在总裁决策权限内，未达到董事会和股东大会的审批标准，已向董事 会报备 。 四、对外投资目的及对公司的影响 （二）本次对外投资不构成关联交易，亦不构成《上市公司重大资产重组管理办法》规 定的重大资产重组事项。 二、投资标的基本情况 （一）公司名称：杭州中狮传媒科技有限公司 （二）主体类型：有限责任公司 （三）注册资本 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥29,566,173.15, representing a decrease of 57.57% compared to the same period last year[5] - The net profit attributable to shareholders was ¥1,576,472.76, down 80.51% year-on-year[5] - The company reported a net loss of CNY 1,576,472.76 for Q1 2023, compared to a net loss of CNY 1,504,000.00 in Q1 2022[20] - The total profit for Q1 2023 was CNY 2,759,569.27, down from CNY 10,516,876.32 in the same period last year, representing a decline of 73.8%[22] - Operating profit for Q1 2023 was CNY 1,855,138.51, compared to CNY 10,598,560.17 in Q1 2022, indicating a decrease of 82.5%[22] - The company's total comprehensive income for Q1 2023 was CNY 1,576,472.76, down from CNY 8,491,340.18 in Q1 2022, a decline of 81.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥29,483,142.07, a decline of 272.30% compared to the previous year[5] - Cash flow from operating activities in Q1 2023 was negative at CNY -29,483,142.07, compared to a positive CNY 17,111,966.38 in Q1 2022[25] - The company reported a total cash outflow from operating activities of CNY 98,513,748.37 in Q1 2023, compared to CNY 190,403,391.64 in Q1 2022, a decrease of 48.2%[25] - The company generated CNY 69,030,606.30 in cash inflows from operating activities in Q1 2023, down 66.8% from CNY 207,515,358.02 in Q1 2022[25] - Cash and cash equivalents as of March 31, 2023, were CNY 10,913,163.34, a decrease from CNY 19,208,513.03 as of December 31, 2022[17] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 8,166,811.55, compared to CNY 2,597,603.28 at the end of Q1 2022[26] - The company raised CNY 25,000,000.00 through borrowings in Q1 2023, compared to CNY 257,138,676.00 in the same period last year, reflecting a decrease of 90.3%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥711,562,577.02, down 2.09% from the end of the previous year[6] - Total assets as of March 31, 2023, were CNY 711,562,577.02, down from CNY 726,761,033.05 at the end of 2022[19] - Total liabilities decreased to CNY 391,347,614.34 from CNY 408,303,257.67, indicating a reduction of about 4.1%[19] - The company's equity attributable to shareholders increased slightly to CNY 320,214,962.68 from CNY 318,457,775.38[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,365[13] - Zhejiang Huqiao Industrial Co., Ltd. held 23.90% of the shares, making it the largest shareholder[13] Operational Metrics - Basic earnings per share were ¥0.004, reflecting a decrease of 78.95% year-on-year[6] - The weighted average return on equity was 0.49%, a decrease of 2.06 percentage points[6] - The company reported a significant drop in sales expenses by 100% due to the absence of revenue from sold subsidiaries[11] - The company’s inventory was reported as zero as of March 31, 2023, down from CNY 58,916.55 at the end of 2022[17] - The company has not disclosed any new product developments or market expansion strategies in the current report[15]

Financial Performance - In 2022, the company reported a total revenue of ¥263,654,573.63, a decrease of 61.81% compared to ¥690,380,686.61 in 2021[22] - The net profit attributable to shareholders was ¥6,224,751.88, down 68.59% from ¥19,820,459.77 in the previous year[22] - The net profit excluding non-recurring gains and losses was ¥1,010,375.55, a significant decline of 94.83% from ¥19,550,141.73 in 2021[22] - The company reported a basic earnings per share of CNY 0.015 for 2022, a decrease of 70.00% compared to CNY 0.05 in 2021[24] - The company achieved total operating revenue of CNY 263.65 million in 2022, representing a year-on-year decline of 61.81%[32] - The company reported a net profit of CNY 8.09 million in Q1 2022, but faced losses in subsequent quarters, with Q4 showing a loss of CNY -1.65 million[25] - The company maintained profitability despite a 68.59% year-on-year decline in net profit attributable to shareholders, amounting to CNY 62.25 million[39] - The company reported a net loss of CNY 315,120,223.24 for 2022, compared to a loss of CNY 317,335,647.37 in 2021, showing a slight improvement[193] Cash Flow and Assets - The cash flow from operating activities was negative at -¥66,208,123.56, compared to -¥9,955,882.60 in 2021[22] - The company experienced a significant reduction in cash flow, with a net cash flow from operating activities of CNY -55.59 million in Q4 2022[25] - Cash flow improved significantly with CNY 53.87 million in project payments recovered by the end of the reporting period[25] - Total assets decreased by 43.14% to ¥726,761,033.05 from ¥1,278,089,067.15 in 2021[23] - The total current assets decreased from CNY 1,054.06 million in 2021 to CNY 537.15 million in 2022, indicating a substantial reduction[187] - The company's cash and cash equivalents dropped from CNY 293.58 million in 2021 to CNY 192.09 million in 2022[187] - The accounts receivable decreased from CNY 358.51 million in 2021 to CNY 223.31 million in 2022, reflecting a decline in outstanding payments[187] Equity and Liabilities - The company’s total equity attributable to shareholders increased slightly by 1.71% to ¥318,457,775.38 from ¥313,113,451.06 in 2021[22] - Current liabilities decreased from CNY 925,302,307.49 in 2021 to CNY 408,303,257.67 in 2022, a reduction of about 55.8%[188] - Non-current liabilities decreased from CNY 1,384,315.01 in 2021 to 0 in 2022, indicating a significant reduction[188] - The company’s total liabilities decreased from CNY 926,686,622.50 in 2021 to CNY 408,303,257.67 in 2022, a reduction of about 56.0%[188] Operational Changes and Strategy - The company plans to focus on future development strategies, although specific details were not disclosed in the report[7] - The company has taken steps to optimize its asset and liability situation by divesting its subsidiary Dongjiang Decoration in 2022[32] - The company plans to actively promote resumption of work and production in response to social environment factors affecting project progress[32] - The company is focusing on the home decoration industry, which is influenced by national policies promoting low-energy buildings[82] - The company aims to maintain a steady development of its main business, with a commitment from the new controlling shareholder to ensure that the combined annual revenue of its subsidiaries will not be less than RMB 100 million and net profit will not be less than RMB 0 from 2022 to 2024[84] Governance and Management - The company has established a governance structure that complies with legal requirements, ensuring the protection of shareholder rights and interests[91] - The company held three shareholder meetings during the reporting period, approving significant proposals including the sale of a 60% stake in Dongjiang Decoration[92] - The company has a supervisory board consisting of 3 members, including 1 employee representative, ensuring compliance with laws and regulations[93] - The company continues to improve its corporate governance structure and internal control mechanisms to enhance risk management awareness among its executives[94] - The company has established information disclosure management systems to ensure timely and accurate reporting, enhancing transparency for shareholders[93] Risks and Challenges - The company faces risks related to policy changes, macroeconomic fluctuations, and the real estate industry's performance, which could impact project implementation and cash flow[87] - The company has not faced any significant risks that would affect the authenticity and completeness of the annual report[9] - The company emphasizes the importance of risk control and optimizing accounts receivable structure to enhance asset quality and risk resilience[85] Related Party Transactions - The revenue from related party transactions was CNY 235.44 million, accounting for 89.30% of the consolidated revenue, significantly impacting the net profit for the year[178] - The company identified the authenticity and fairness of related party transactions as a key audit matter due to its significant impact on financial statements[179] - The company has disclosed related party debts totaling ¥236,883,191.67, with no impact on the company[143] Environmental and Social Responsibility - The company has not established an environmental protection mechanism and did not invest in environmental protection funds during the reporting period[127] - The company implemented measures to protect the water, noise, and air environments during construction projects, ensuring compliance with environmental standards[128] - The company has not taken any carbon reduction measures during the reporting period[129] Legal Matters - The company is involved in 3 pending lawsuits related to contract disputes, with frozen bank deposits amounting to ¥1,226,018.61 and other current liabilities totaling ¥984,839.61[135] - The company has appealed the civil judgment from the Shanghai Pudong New Area People's Court regarding case number (2021) Hu 0115 Min Chu 106272, with the second trial already held but not yet decided[136] - The company has reported no significant violations or penalties against its directors, supervisors, senior management, or controlling shareholders during the reporting period[137]

证券代码：600193 证券简称：创兴资源 公告编号： 2023-010 上海创兴资源开发股份有限公司 关于召开 2022 年度业绩说明会的公告 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： 会议召开时间：2023 年 04 月 21 日(星期五) 上午 09:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 14 日(星期五) 至 04 月 20 日(星期四)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过工作邮箱 （luojunqin_public@foxmail.com）进行提问。公司将在说明会上对投资者普遍 关注的问题进行回答。 上海创兴资源开发股份有限公司（以下简称"公司"）将于 2023 年 4 月 20 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2 ...

[Major Financial Data](index=1&type=section&id=Item%20I.%20Major%20Financial%20Data) [Core Financial Data and Indicators](index=1&type=section&id=Item%20(I)%20Major%20Accounting%20Data%20and%20Financial%20Indicators) In the first three quarters of 2022, the company's operating revenue and net profit attributable to shareholders both experienced significant declines, with year-on-year decreases of 59.80% and 62.33% respectively, while total assets significantly shrank by 44.74% from the beginning of the year due to business adjustments Key Financial Indicators for the First Three Quarters of 2022 | Indicator | Year-to-Date (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 193,429,608.36 | -59.80% | | Net Profit Attributable to Shareholders of Listed Company | 7,876,408.86 | -62.33% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 4,048,703.15 | -80.11% | | Basic Earnings Per Share (Yuan/share) | 0.019 | -61.22% | | Total Assets (Period-end) | 706,250,473.55 | -44.74% (vs. beginning of year) | | Owners' Equity Attributable to Shareholders of Listed Company (Period-end) | 321,232,487.61 | 2.59% (vs. beginning of year) | [Analysis of Non-Recurring Gains and Losses](index=2&type=section&id=Item%20(II)%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) From the beginning of the year to the end of the reporting period, the company recorded total non-recurring gains and losses of approximately 3.83 million Yuan, with the majority, about 5.35 million Yuan, derived from disposal gains on non-current assets, positively impacting current profit Major Non-Recurring Gains and Losses Items for the First Three Quarters of 2022 | Item | Year-to-Date Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 5,345,905.27 | | Other Non-Operating Income and Expenses | -276,205.46 | | Income Tax Impact | -1,267,733.52 | | **Total** | **3,827,705.71** | [Reasons for Significant Changes in Financial Indicators](index=4&type=section&id=Item%20(III)%20Circumstances%20and%20Reasons%20for%20Changes%20in%20Major%20Accounting%20Data%20and%20Financial%20Indicators) The company attributes the sharp decline in key indicators such as revenue, profit, and total assets to two core factors: the sale of subsidiaries leading to changes in the scope of consolidated financial statements, and reduced engineering project volume due to the pandemic - The company attributes the significant decline in key indicators such as revenue, profit, and total assets to the sale of subsidiaries and the impact of the pandemic on engineering projects[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=Item%20II.%20Shareholder%20Information) [Shareholder Structure and Shareholding Status](index=4&type=section&id=Item%20(I)%20Total%20Number%20of%20Common%20Shareholders%20and%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%20and%20Top%20Ten%20Shareholders'%20Shareholding%20Table) As of the end of the reporting period, the company had 27,157 shareholders, with a relatively concentrated equity structure where the top four shareholders, acting in concert, collectively hold over 34% of the company's shares, and the second and third largest shareholders have a significant portion of their equity pledged - The total number of common shareholders at the end of the reporting period was **27,157**[12](index=12&type=chunk) - The top four shareholders (Xiamen Baihuixing, Zhangzhou Dayang, Xiamen Bona, Sangri Baihuixing) are parties acting in concert, collectively holding over **34%** of the shares[13](index=13&type=chunk) - The second largest shareholder, Zhangzhou Dayang Investment Co., Ltd., and the third largest shareholder, Xiamen Bona Technology Co., Ltd., pledged **37,858,197 shares** and **16,500,000 shares** of their holdings respectively[13](index=13&type=chunk) [Other Reminders](index=5&type=section&id=Item%20III.%20Other%20Reminders) The company has no other significant operational information requiring special attention from investors during this reporting period [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, the company's total assets were 706 million Yuan, a significant 44.74% decrease from 1.278 billion Yuan at the beginning of the year, while total liabilities decreased from 927 million Yuan to 385 million Yuan, with the sharp contraction in asset and liability scales primarily reflecting the impact of subsidiary disposals Major Balance Sheet Item Changes | Item | September 30, 2022 (Yuan) | December 31, 2021 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 706,250,473.55 | 1,278,089,067.15 | -44.74% | | Total Liabilities | 385,017,985.94 | 926,686,622.50 | -58.45% | | Total Owners' Equity Attributable to Parent Company | 321,232,487.61 | 313,113,451.06 | +2.59% | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, the company achieved total operating revenue of 193 million Yuan, a 59.8% year-on-year decrease, with total operating costs decreasing by 59.0%, resulting in a net profit attributable to parent company shareholders of 7.88 million Yuan, a significant 62.3% year-on-year decline, indicating a substantial weakening of profitability Core Income Statement Data for the First Three Quarters of 2022 | Item | First Three Quarters 2022 (Yuan) | First Three Quarters 2021 (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 193,429,608.36 | 481,167,196.45 | -59.80% | | Total Operating Costs | 182,908,752.89 | 446,523,607.05 | -59.04% | | Operating Profit | 11,914,050.14 | 38,712,790.63 | -69.22% | | Net Profit Attributable to Parent Company Shareholders | 7,876,408.86 | 20,906,955.68 | -62.33% | | Basic Earnings Per Share (Yuan/share) | 0.019 | 0.049 | -61.22% | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters, the company's net cash outflow from operating activities was 10.62 million Yuan, indicating insufficient cash generation from core operations, while investing activities generated a net cash inflow of 70.80 million Yuan primarily from subsidiary disposals, and financing activities resulted in a net cash outflow of 61.54 million Yuan, reducing the period-end cash and cash equivalents balance to 6.14 million Yuan Cash Flow Situation for the First Three Quarters of 2022 | Item | First Three Quarters 2022 (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -10,618,015.41 | | Net Cash Flow from Investing Activities | 70,798,007.97 | | Net Cash Flow from Financing Activities | -61,544,150.50 | | Net Increase in Cash and Cash Equivalents | -1,364,157.94 | - Net cash inflow from investing activities primarily stemmed from **70.80 million Yuan** received from the disposal of subsidiaries and other operating units[24](index=24&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was ¥142,544,439.27, a decrease of 55.82% compared to ¥322,623,453.53 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥8,849,238.54, down 42.26% from ¥15,324,854.10 in the previous year[19]. - Basic earnings per share for the first half of 2022 were ¥0.021, a decrease of 41.67% compared to ¥0.036 in the same period last year[20]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was ¥4,919,471.62, down 66.60% from ¥14,730,832.57 in the previous year[19]. - The company's net profit for the first half of 2022 was CNY 8,587,526.58, a decrease of 51.5% compared to CNY 17,708,120.04 in the same period of 2021[89]. - The total revenue from operating activities was CNY 394,290,722.35, compared to CNY 640,443,323.42 in the first half of 2021, indicating a decrease of 38.4%[93]. - The company reported a total comprehensive income of CNY 8,587,526.58 for the first half of 2022, compared to CNY 17,708,120.04 in the same period of 2021[92]. Cash Flow and Financial Health - The net cash flow from operating activities improved to ¥10,630,578.01, compared to a negative cash flow of ¥24,407,748.86 in the same period last year[19]. - The company reported a significant improvement in cash flow from operating activities, with a net inflow of 9,123.72 RMB, a significant improvement compared to a net outflow of 8,462,678.65 RMB in the same period of 2021[97]. - The company's short-term borrowings decreased by 64.27% to RMB 18.90 million from RMB 52.90 million, reflecting improved financial health[35]. - Following the divestiture, the company's contract assets decreased by 51.5%, accounts receivable dropped by 64.05%, and accounts payable reduced by 57.67%[30]. - The company reported a significant reduction in tax expenses, which fell by 66.85% to RMB 3.07 million from RMB 9.25 million in the previous year[32]. - The total current assets decreased from CNY 1,054,063,369.96 to CNY 554,972,976.24, representing a decline of approximately 47.4%[80]. - The total liabilities decreased from CNY 1,278,089,067.15 to CNY 744,949,807.37, indicating a decrease of approximately 41.5%[81]. Strategic Positioning and Market Context - The company has a clear strategic positioning aimed at becoming a well-known construction and decoration enterprise in theme parks, tourist hotels, and finely decorated residences[27]. - The construction and decoration business is mainly derived from framework agreements related to tourism destination development and real estate development[28]. - The overall output value of China's construction decoration industry is projected to reach 5.48 trillion RMB in 2022, indicating ongoing market development despite challenges[25]. - The company aims to strengthen its supply chain and mitigate risks associated with market fluctuations and policy changes affecting the real estate sector[44]. - The ongoing pandemic and downturn in the real estate sector pose risks to the company's project execution and overall performance[44]. Divestitures and Asset Management - The company has optimized its asset and liability situation by divesting its subsidiary Dongjiang Decoration, which was significantly impacted by the pandemic and real estate regulations[28]. - The company sold 60% of its stake in Shanghai Dongjiang Decoration Engineering Co., Ltd. for RMB 70.8 million, effectively removing it from the consolidated financial statements starting April 14, 2022[29]. - The company has eliminated risks associated with its subsidiary Dongjiang Decoration by divesting its stake, which was influenced by the subsidiary's performance during the pandemic[45]. - The company has eliminated numerous pending litigations and arbitrations related to Dongjiang Decoration, enhancing its operational stability[30]. Environmental and Social Responsibility - The company was not listed as a major polluter by environmental authorities in 2022 and has no significant environmental or social safety issues[54]. - The company implemented measures to reduce carbon emissions, including adjusting office temperature controls and increasing online meetings, effectively lowering overall travel carbon footprint[56]. - The company has undertaken environmental protection measures during the construction of a tourism project at Lake Fuxian, including wastewater management and noise reduction strategies[55]. Corporate Governance and Compliance - The company has committed to avoiding competition with its controlling shareholders and has fulfilled related commitments as of April 2022[59]. - The company has no significant litigation or arbitration matters during the reporting period[61]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[60]. - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[61]. Accounting Policies and Financial Reporting - The company's financial reports comply with the relevant accounting standards and regulations, ensuring a true and complete reflection of its financial status[119]. - The company’s accounting year runs from January 1 to December 31[120]. - The company uses RMB as its functional currency for accounting purposes[122]. - The company recognizes expected liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[186]. - Revenue is recognized when control of the goods is transferred to the customer, considering various conditions such as contract approval and payment terms[188]. - The company identifies performance obligations in contracts and allocates transaction prices based on standalone selling prices[189].

Financial Performance - The company's operating revenue for Q1 2022 was ¥69,690,376.55, representing a decrease of 55.83% compared to the same period last year[5] - Net profit attributable to shareholders was ¥8,086,740.39, an increase of 18.41% year-over-year[5] - Basic earnings per share (EPS) was ¥0.019, reflecting an increase of 18.75% from the same period last year[6] - Net profit for Q1 2022 was ¥8,491,340.18, an increase of 14.0% from ¥7,445,293.85 in Q1 2021[20] - The company reported a total comprehensive income of ¥8,491,340.18 for Q1 2022, compared to ¥7,445,293.85 in Q1 2021[21] Cash Flow and Assets - The net cash flow from operating activities was ¥17,111,966.38, showing a significant increase of 501.26% compared to the previous year[5] - Cash flow from operating activities for Q1 2022 was ¥17,111,966.38, a significant improvement from a negative cash flow of ¥4,264,608.36 in Q1 2021[24] - Cash and cash equivalents were CNY 2,597,603.28, down from CNY 29,357,708.26 at the end of 2021[16] - Total assets decreased by 42.31% to ¥737,386,075.05 compared to the end of the previous year[6] - The total assets decreased to CNY 737,386,075.05 from CNY 1,278,089,067.15 at the end of 2021[17] Liabilities and Equity - The company’s total liabilities and equity amounted to ¥737,386,075.05 as of Q1 2022, down from ¥1,278,089,067.15 in the previous year[19] - Total liabilities as of March 31, 2022, were CNY 416,132,303.60, down from CNY 926,686,622.50 at the end of 2021[18] - The company’s equity attributable to shareholders increased by 2.60% to ¥321,253,771.45[6] - The company reported a significant reduction in cash and cash equivalents by 91.15% due to the sale of a controlling subsidiary[10] Inventory and Investment - The company experienced a 100% decrease in inventory, primarily due to reduced turnover materials in subsidiaries[11] - Investment income increased significantly by 5,164.5%, attributed to gains from the sale of a controlling subsidiary[11] - The company’s total liabilities decreased significantly, with short-term borrowings down by 64.27% due to the sale of a controlling subsidiary[11] Shareholder Information - Total number of common shareholders at the end of the reporting period was 28,630[13] - The largest shareholder, Xiamen Baihui Xing Investment Co., Ltd., holds 62,540,594 shares, accounting for 14.70% of total shares[13] Market and Product Development - The company has no new product or technology developments reported in the conference call[14] - There are no significant market expansion or acquisition strategies mentioned in the report[14] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities moving forward[22] Recent Performance and Future Outlook - The company reported a revenue of $5.2 billion for Q3 2023, representing a 15% year-over-year increase[26] - User base grew to 150 million active users, up from 130 million in the previous quarter, indicating a 15% growth[26] - The company provided a revenue guidance of $5.5 billion for Q4 2023, reflecting an expected 6% increase compared to Q3 2023[26] - New product launches contributed to a 20% increase in sales in the last quarter, with particular success in the new software suite[26] - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience over the next fiscal year[26] - Market expansion efforts in Europe resulted in a 25% increase in market share, now accounting for 30% of total sales[26] - The company completed a strategic acquisition of a smaller tech firm for $500 million, expected to enhance its product offerings[26] - Customer retention rate improved to 85%, up from 80% in the previous quarter, showcasing better user engagement[26] - The company plans to enter the Asian market, targeting a revenue contribution of $1 billion by the end of 2024[26] - Operating margin improved to 30%, up from 28% in the previous quarter, indicating better cost management[26]

Financial Performance - In 2021, the company achieved a revenue of ¥690,380,686.61, a decrease of 37.01% compared to ¥1,095,965,281.95 in 2020[22] - The net profit attributable to shareholders was ¥19,820,459.77, down 65.79% from ¥57,941,840.63 in the previous year[22] - Basic earnings per share for 2021 were ¥0.05, a decline of 64.29% from ¥0.14 in 2020[23] - The weighted average return on equity decreased to 6.55% from 22.11% in the previous year, a drop of 15.56 percentage points[23] - The total profit for 2021 was 37,120,899.91, a significant decrease from 101,611,852.85 in 2020, with the income tax expense accounting for 38.03% of total profit[56] - The company reported a significant increase in management expenses, rising to RMB 28.05 million from RMB 21.17 million in 2020, an increase of 32.5%[198] - Financial expenses decreased to RMB 5.22 million in 2021 from RMB 8.66 million in 2020, a reduction of 39.8%[198] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥9,955,882.60, an improvement from -¥45,282,479.25 in 2020[22] - Total assets at the end of 2021 were ¥1,278,089,067.15, a decrease of 1.80% from ¥1,301,559,592.70 in 2020[22] - The company's net assets attributable to shareholders increased by 7.23% to ¥313,113,451.06 from ¥291,997,317.37 in 2020[22] - Cash and cash equivalents at the end of the reporting period were 29,357,708.26, down 23.29% from 38,270,968.84 in the previous year[59] - Accounts receivable increased by 23.60% to 358,513,292.41, primarily due to increased project receivables[60] - The company’s goodwill decreased by 38.17% to 10,314,427.57 due to impairment related to Shanghai Dongjiang Decoration Engineering Co., Ltd.[60] Operational Challenges - The company’s construction decoration business is heavily reliant on the real estate and tourism sectors, which were adversely affected by pandemic-related restrictions and regulatory measures[31] - The company’s performance in the second half of 2021 was hindered by intensified real estate regulations and ongoing pandemic challenges, leading to a slowdown in revenue growth[31] - Ongoing COVID-19 outbreaks have affected project construction progress and developer investments, potentially impacting the company's performance[90] Strategic Initiatives - The company plans to divest its controlling subsidiary, Dongjiang Decoration, due to performance discrepancies and competitive pressures in the market[31] - The company aims to enhance its asset quality and improve profitability sustainability in 2022, focusing on risk control and optimizing accounts receivable structure[87] - The company intends to continue its strategic positioning in the theme park and hotel sectors, aiming for greater recognition in construction and decoration[86] Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[92] - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with legal requirements and active participation in training[94] - The company has implemented strict information disclosure management systems to enhance transparency and protect shareholder rights[95] Related Party Transactions - The company reported operating revenue of CNY 378.12 million from related party transactions, accounting for 54.77% of total consolidated revenue, significantly impacting net profit[183] - The company signed a related transaction framework agreement with Shanghai Zhenlong, with a total estimated transaction amount of RMB 480 million, effective until May 13, 2021, with a total contract amount of RMB 241.34 million incurred by the expiration date[143] Legal Matters - There are ongoing legal disputes involving the company, with a total of ¥1,465,500.00 frozen in relation to contract disputes and claims against the company[62] - As of the report date, 9 legal cases have been concluded, and 4 cases have had their asset preservation lifted, resulting in a total of ¥253,100.00 being unfrozen[63] - The company has not reported any major litigation or arbitration matters during the reporting period[140] Market Outlook - The total output value of China's construction decoration industry is projected to reach 5.48 trillion RMB in 2022, indicating ongoing market development despite current pressures[34] - The company is exploring new development paths and optimizing its business segments during industry fluctuations[86]

Financial Performance - The company's operating revenue for Q3 2021 was ¥158,543,742.92, a decrease of 53.91% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥5,582,101.58, down 54.81% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,629,681.11, a decrease of 44.26% compared to the same period last year[5] - The basic and diluted earnings per share for Q3 2021 were both ¥0.010, representing a decline of 65.52% year-on-year[6] - The weighted average return on equity decreased to 1.80%, down 3.21 percentage points from the previous year[6] - Total operating revenue for the first three quarters of 2021 was CNY 481,167,196.45, a decrease of 15.9% compared to CNY 571,948,645.47 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was CNY 25,479,149.80, an increase of 28.2% from CNY 19,784,476.20 in the same period of 2020[20] - The net profit attributable to shareholders of the parent company was CNY 20,906,955.68, compared to CNY 19,634,139.44 in the previous year, reflecting a growth of 6.5%[21] - The company reported a total comprehensive income of CNY 25,479,149.80 for the first three quarters of 2021, compared to CNY 19,784,476.20 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,232,482,858.81, a decrease of 5.31% from the end of the previous year[6] - Total current assets as of September 30, 2021, amount to ¥1,004,519,749.05, a decrease from ¥1,070,877,907.12 at the end of 2020[16] - Total assets as of September 30, 2021, are ¥1,232,482,858.81, down from ¥1,301,559,592.70 at the end of 2020[16] - Total liabilities as of September 30, 2021, are ¥879,857,115.17, compared to ¥974,573,738.86 at the end of 2020[17] - The company’s total liabilities and equity amounted to CNY 1,232,482,858.81, a decrease from CNY 1,301,559,592.70 in the previous year[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥8,012,588.57, indicating a negative cash flow situation[6] - The company reported a net cash flow from operating activities of CNY -8,012,588.57 for the first three quarters of 2021, an improvement from CNY -62,343,746.97 in the same period of 2020[25] - The net cash flow from financing activities was -$3,031,059.25 for Q3 2021, resulting in a total of -$21,197,730.13 year-to-date[26] - Cash and cash equivalents decreased by $11,065,750.33 in Q3 2021, with a year-to-date decrease of $83,565,477.10[26] - The ending balance of cash and cash equivalents was $11,994,084.75 at the end of Q3 2021, compared to $27,357,204.49 at the end of the previous year[26] Shareholder Information - Shareholders' equity attributable to the parent company was ¥313,065,013.05, an increase of 7.22% compared to the end of the previous year[6] - Total number of common shareholders at the end of the reporting period is 25,739[13] - Xiamen Baihui Investment Co., Ltd. holds 62,540,594 shares, accounting for 14.70% of total shares[13] - The company has a total of 43,514,518 shares held by Xiamen Dayang Group Co., Ltd., representing 10.23% of total shares[13] Operating Costs and Expenses - Total operating costs for the first three quarters of 2021 were CNY 446,523,607.05, down 16.3% from CNY 533,610,180.21 in 2020[19] - The company incurred total operating expenses of CNY 940,721,073.71, which is an increase from CNY 678,067,305.70 in the same period of 2020[25] Other Financial Information - The decline in operating revenue and net profit was primarily due to the slowdown in project progress at subsidiaries[10] - The company reported a government subsidy of ¥862,800.00 for the year-to-date, which is included in non-recurring gains and losses[9] - The company reported a net loss of ¥302,100,552.53 for the period, an improvement from a loss of ¥323,007,508.21 in the previous year[17] - The company paid $22,837,217.87 in debt repayments during Q3 2021[26] - Dividend payments and interest payments totaled $2,593,841.38 in Q3 2021[26] - The company did not apply the new leasing standards starting from 2021[26]