Financial Performance - The company's operating revenue for Q3 2021 was ¥2,402,302,980.42, a decrease of 5.86% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥100,250,390.47, down 47.66% year-on-year[5]. - The basic earnings per share for the period was ¥0.07, reflecting a decline of 47.62% compared to the previous year[5]. - The company achieved operating revenue of 7.273 billion RMB in the first three quarters of 2021, an increase of 4.38% compared to the same period last year[16]. - Net profit attributable to shareholders was 430 million RMB, a decrease of 2.27% compared to the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 428 million RMB, down 0.90% year-on-year[16]. - Net profit for the first three quarters of 2021 was ¥465,456,723.41, slightly up from ¥459,815,274.41 in 2020, reflecting a growth of 1.4%[26]. - The company reported a total comprehensive income of ¥465,456,723.41 for the first three quarters of 2021, compared to ¥459,815,274.41 in 2020, indicating a stable performance[28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,926,773,635.09, an increase of 7.77% from the end of the previous year[5]. - Total liabilities amounted to ¥6,190,295,618.51, up from ¥5,440,393,548.22, representing a growth of around 13.77%[21]. - Current liabilities totaled ¥4,484,963,607.42, compared to ¥3,831,367,339.49, indicating an increase of approximately 17.06%[21]. - The company's total equity attributable to shareholders was ¥5,382,105,142.81, a slight increase of 1.31% from the previous year[5]. - The company's equity attributable to shareholders increased to ¥5,382,105,142.81 from ¥5,312,743,627.36, reflecting a growth of about 1.30%[21]. - Total assets amounted to ¥11,066,600,977.47, remaining stable compared to the previous reporting period[35]. - Total current liabilities were ¥3,831,367,339.49, slightly increasing from ¥3,830,977,347.96[35]. Cash Flow - The company reported a net cash flow from operating activities of ¥702,409,823.45, which decreased by 17.08% year-on-year[5]. - Cash flow from operating activities for the first three quarters of 2021 was ¥702,409,823.45, down 17.1% from ¥847,061,894.51 in the same period of 2020[30]. - The total cash inflow from operating activities was ¥8,734,675,661.52, an increase from ¥7,888,905,699.52 in 2020, reflecting a growth of 10.7%[30]. - The company’s total cash outflow from operating activities was ¥8,032,265,838.07, compared to ¥7,041,843,805.01 in the previous year, representing an increase of 14.1%[30]. - Cash inflow from investment activities totaled ¥53,428,019.96, a decrease of 41.3% compared to ¥91,162,854.47 in the previous period[32]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥398,195,468.28, an increase of 92.5% from ¥206,833,216.20[32]. - Net cash flow from investment activities was -¥347,002,895.68, worsening from -¥206,380,361.73 in the prior period[32]. - Cash inflow from financing activities amounted to ¥2,099,767,216.68, down 26.9% from ¥2,873,548,180.80[32]. - Net cash flow from financing activities was -¥295,120,504.08, an improvement from -¥631,192,616.51 in the previous period[32]. Research and Development - Research and development expenses increased by 41.68% during the reporting period, indicating a higher investment in innovation[9]. - Research and development expenses rose significantly to ¥226,333,104.85, compared to ¥159,744,611.94 in the previous year, marking an increase of 41.6%[26]. Shareholder Information - The company’s major shareholders include Shanghai Zijiang Group Co., Ltd. with a 26.06% stake and Shanghai Pudong Development Bank with a 3.15% stake[13]. - The company reported a significant increase in cash inflow from minority shareholders' investments, totaling ¥30,975,000.00, compared to ¥90,067,609.80 in the previous period[32]. Tax and Other Expenses - The company faced a tax impact of approximately 53 million RMB due to land value-added tax clearance in its subsidiary's project[16]. - The company’s tax expenses for the first three quarters of 2021 were ¥123,510,967.01, up from ¥107,693,582.67 in 2020, indicating a rise of 14.7%[26]. Other Financial Metrics - Non-operating income decreased by 34.30% due to a reduction in government subsidies compared to the previous year[9]. - Total operating costs amounted to 6.717 billion RMB, reflecting a 4.17% increase year-on-year[16]. - Total operating costs increased to ¥6,716,761,568.38, up 4.2% from ¥6,448,089,154.97 year-over-year[26]. - The company reported a significant increase of 171.62% in contract liabilities, attributed to pre-sales in the real estate sector[9].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥4,870,760,120.76, representing a 10.29% increase compared to ¥4,416,194,185.39 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥330,075,344.24, a 32.68% increase from ¥248,773,045.62 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥327,271,150.72, reflecting a 33.27% increase compared to ¥245,565,125.65 in the same period last year[21]. - Basic earnings per share for the reporting period were ¥0.218, up 32.93% from ¥0.164 in the same period last year[21]. - Operating profit reached 453 million RMB, reflecting a significant increase of 38.31% year-on-year[32]. - The company reported a total profit of ¥418,824,679.17, up 2.3% from ¥408,408,222.81 in the first half of 2020[120]. Cash Flow and Assets - The net cash flow from operating activities decreased by 35.25% to ¥246,299,965.10 from ¥380,386,809.64 in the previous year[21]. - The total assets at the end of the reporting period were ¥12,148,601,081.62, a 9.78% increase from ¥11,066,600,977.47 at the end of the previous year[21]. - Total current assets increased to approximately ¥6.65 billion, up from ¥5.67 billion at the end of the previous year[104]. - Cash and cash equivalents increased to ¥1,462,340,681.35 from ¥1,356,507,151.43, showing a growth of approximately 7.8%[110]. - The net cash flow from investing activities was negative at CNY -189.93 million, reflecting a 16.01% increase in outflows compared to the previous year[36]. Liabilities and Equity - The debt-to-asset ratio increased by 4.80% to 53.96% from 49.16% at the end of the previous year[99]. - Total liabilities reached ¥6,555,152,031.22, an increase from ¥5,440,393,548.22, marking a rise of around 20.4%[110]. - Shareholders' equity decreased to ¥5,593,449,050.40 from ¥5,626,207,429.25, a decline of about 0.6%[108]. - The total equity attributable to the parent company at the end of the period is CNY 5,108,850,579.47, reflecting a decrease of CNY 379,184,039.50 in undistributed profits[140]. Research and Development - Research and development expenses increased by 47.65% to CNY 139.46 million from CNY 94.45 million, primarily due to increased investment in R&D[36]. - Research and development expenses for the first half of 2021 were ¥139,458,391.40, significantly higher than ¥94,451,267.14 in the previous year, indicating a year-over-year increase of 47.6%[116]. Market and Product Development - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in this report[6]. - The company is focusing on new product development, including solvent-free composites and child-proof zipper bags, to expand its market offerings[32]. - The company plans to raise prices on certain products to counteract rising paper costs[32]. Environmental Compliance - The company has been recognized as a key pollutant discharge unit by environmental authorities, ensuring compliance with environmental regulations[56]. - Shanghai Ziquan Beverage Industry Co., Ltd. reported a total COD emission of 2.985 tons, with a concentration of 61 mg/L, adhering to the DB31/445-2009 standard[57]. - The company has established emergency response plans for environmental incidents, with registration numbers for each subsidiary[66]. Corporate Governance - The company has committed to minimizing related party transactions and ensuring they are conducted at market prices[74]. - The company confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[76]. - The company has not received any administrative penalties from the China Securities Regulatory Commission in the last 36 months[76]. Financial Reporting and Compliance - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy[153]. - The company has a continuous operation basis, with no significant doubts regarding its ability to continue operations for the next 12 months[151]. - The company consolidates financial statements based on control, including all subsidiaries, and adjusts for internal transactions[160].

Financial Performance - Net profit attributable to shareholders increased by 191.61% to CNY 123,901,784.03 from CNY 42,488,168.40 in the same period last year[11] - Operating revenue rose by 21.59% to CNY 2,254,127,976.98 compared to CNY 1,853,849,416.36 in the previous year[11] - Basic earnings per share increased by 192.86% to CNY 0.082 from CNY 0.028[11] - Net profit rose by 204.15% to ¥131,916,815.27 from ¥43,372,885.05 year-on-year[17] - Total profit increased by 217.45% to ¥166,992,046.47 compared to ¥52,604,102.13 in the previous year[17] - Operating profit surged by 176.35% to ¥163,713,664.23 from ¥59,242,430.63 year-on-year[17] - Net profit for Q1 2021 was ¥131,916,815.27, compared to ¥43,372,885.05 in Q1 2020, representing a significant increase of 204.5%[37] - Total profit for Q1 2021 was CNY 26.51 million, a 45.25% increase from CNY 18.27 million in Q1 2020[41] Assets and Liabilities - Total assets increased by 5.72% to CNY 11,699,558,059.63 compared to the end of the previous year[11] - Total assets increased to ¥11,699,558,059.63 as of March 31, 2021, up from ¥11,066,600,977.47 at the end of 2020, representing a growth of approximately 5.7%[26] - Current assets totaled ¥6,317,793,263.33, an increase of 11.5% from ¥5,666,443,068.16 at the end of 2020[26] - Total liabilities increased to ¥5,941,357,815.09, up from ¥5,440,393,548.22, representing an increase of 9.2%[29] - Total liabilities amounted to approximately $5.44 billion, with current liabilities at $3.83 billion and non-current liabilities at $1.61 billion[53] - Total current liabilities include accounts payable of approximately $889.89 million and accrued employee compensation of approximately $115.25 million[53] Cash Flow - Net cash flow from operating activities improved by 71.27%, reaching -CNY 37,089,324.97, compared to -CNY 129,087,628.50 last year[11] - Cash flow from operating activities improved by 71.27%, reaching -¥37,089,324.97 compared to -¥129,087,628.50 in the same period last year[18] - The company’s cash inflow from operating activities was CNY 2.63 billion, up from CNY 2.12 billion in Q1 2020[44] - The net cash flow from financing activities for Q1 2021 was CNY 304.36 million, a decrease from CNY 450.13 million in Q1 2020[46] - The company reported a net cash flow from operating activities of ¥162,881,596.88, a significant increase of 610.5% compared to ¥22,960,553.03 in Q1 2020[48] Shareholder Information - The number of shareholders at the end of the reporting period was 89,932[12] - Shareholders' equity reached ¥5,758,200,244.54, compared to ¥5,626,207,429.25, reflecting a growth of 2.3%[31] - Shareholders' equity totaled approximately $4.45 billion, with retained earnings of approximately $1.55 billion[58] Research and Development - R&D expenses increased by 55.78% to ¥62,065,588.94 compared to ¥39,840,908.85 in the same period last year[17] - Research and development expenses for Q1 2021 were ¥62,065,588.94, up from ¥39,840,908.85 in Q1 2020, reflecting a 55.5% increase[37] Government Support - The company received government subsidies amounting to CNY 4,581,901.16 related to its normal business operations[11]

Financial Performance - In 2020, the company's operating revenue was RMB 8,417,639,218.25, a decrease of 8.61% compared to RMB 9,210,963,560.33 in 2019[24]. - The net profit attributable to shareholders of the listed company was RMB 565,214,257.13, an increase of 14.37% from RMB 494,198,437.20 in 2019[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 536,034,021.05, reflecting a growth of 28.35% compared to RMB 417,637,798.00 in 2019[24]. - The net cash flow from operating activities was RMB 1,068,746,096.59, up by 8.10% from RMB 988,690,621.13 in 2019[24]. - As of the end of 2020, the net assets attributable to shareholders of the listed company were RMB 5,312,743,627.36, an increase of 8.03% from RMB 4,917,669,704.03 at the end of 2019[24]. - The total assets of the company reached RMB 11,066,600,977.47, representing a 2.65% increase from RMB 10,781,154,162.32 in 2019[24]. - Basic earnings per share increased by 14.42% to CNY 0.373 in 2020 compared to CNY 0.326 in 2019[25]. - The weighted average return on equity rose by 0.76 percentage points to 11.06% in 2020 from 10.30% in 2019[25]. - The company achieved total operating revenue of 8.42 billion RMB, a decrease of 8.61% compared to the previous year[43]. - Operating profit increased by 15.20% to 703 million RMB, while net profit attributable to shareholders rose by 14.37% to 565 million RMB[43]. Cash Dividends - The company proposed a cash dividend of RMB 2.50 per 10 shares, amounting to a total distribution of RMB 379,184,039.50, with a cash dividend payout ratio of 67.09%[7]. - In 2020, the company distributed cash dividends totaling RMB 379,184,039.50, representing 67.09% of the net profit attributable to ordinary shareholders[118]. - The cash dividend per 10 shares increased from RMB 2.00 in 2019 to RMB 2.50 in 2020, reflecting a 25% increase[118]. - The company has a stable cash dividend policy, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed as cash dividends[114]. Risk Management - The company has identified various risk factors that may adversely affect its future development and has outlined corresponding countermeasures in the report[9]. - The company faces risks from domestic economic fluctuations, which may impact consumer spending and the packaging business[111]. - Raw material price volatility, particularly due to oil price fluctuations, poses a challenge for cost control and pricing power[111]. - Seasonal impacts on beverage sales require the company to diversify product offerings to mitigate risks associated with climate changes[111]. - The company plans to conduct thorough market research for new products and markets to enhance competitiveness and reduce risks[111]. Research and Development - The company applied for 194 national patents in 2020, with 132 patents granted, including 9 invention patents[39]. - The total R&D expenditure was 222,134,773.30 yuan, representing 2.64% of operating revenue[58]. - The number of R&D personnel was 480, making up 6.79% of the total workforce[58]. - Research and development efforts are focused on advanced packaging technologies, with an investment of $50 million planned for the upcoming year[75]. - The company is investing in R&D, with 50 million allocated for new technology development in 2021[80]. Market and Industry Trends - The beverage industry is expected to drive significant growth in the packaging sector, with domestic beverage consumption still below the global average[34]. - The company’s PET packaging production capacity continues to grow steadily, supported by its low cost and recyclability advantages[34]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[75]. - The company aims to enhance product innovation by developing biodegradable packaging containers and expanding its market presence with eco-friendly products[107]. - The packaging industry in China has formed a complete industrial system with a significant focus on plastic packaging, which accounts for over 30% of the total output value of the packaging industry[103]. Environmental Responsibility - The company has been listed as a key pollutant discharge unit by environmental protection departments, ensuring compliance with environmental regulations[141]. - The company has a commitment to environmental quality, with strict adherence to relevant environmental laws and regulations[141]. - The company has established emergency response plans for environmental pollution incidents and has filed them with local environmental authorities[152]. - All key pollutant discharge units have installed automatic online monitoring equipment to meet emission standards and monitoring requirements[153]. - The company has obtained various environmental management system certifications, including ISO14001:2015 for Shanghai Zijiang Spray Aluminum Environmental Materials Co., Ltd.[154]. Corporate Governance - The company has confirmed that it will not use raised funds for financial investments or real estate-related activities, ensuring compliance with national regulations[125]. - The company has established long-term commitments to avoid engaging in any business activities that would create competition with its own operations[123]. - The company has maintained a commitment to transparency and compliance with legal requirements in its operations and financial reporting[123]. - The company has a clear separation from its controlling shareholder in terms of business, personnel, assets, and finance[183]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in production costs by 2022[80]. - The introduction of automated systems in manufacturing is projected to enhance productivity by 20%[80]. - The company has established a comprehensive internal management and control system covering financial, production, investment, and administrative processes[183]. - The company has updated its insider information management system in accordance with relevant laws and regulations[183]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,303, an increase from 93,049 at the end of the previous month[160]. - The largest shareholder, Shanghai Zijiang (Group) Co., Ltd., holds 395,207,773 shares, representing 26.06% of total shares[160]. - The total number of shares held by the chairman, Shen Wen, remained unchanged at 6,000,403 shares throughout the reporting period[169]. - The total pre-tax remuneration for the deputy chairman and general manager, Guo Feng, was 596.36 thousand yuan[169]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 11.891 million yuan[176].

Financial Performance - Operating income for the first nine months was CNY 6,967,921,223, a decrease of 1.16% year-on-year[17] - Net profit attributable to shareholders increased by 8.44% to CNY 440,320,507[17] - Basic and diluted earnings per share were both CNY 0.290, an increase of 8.21%[17] - The company reported a net profit of RMB 2,424,975,742.61, up from RMB 2,288,002,467.29, indicating an increase of approximately 6%[40] - Net profit for the period was $202.39 million, up from $136.26 million, representing a 48.5% year-over-year growth[52] - The total profit before tax was approximately $250.01 million, compared to $167.67 million in the same period last year, indicating a 49.0% increase[50] - The company reported a retained earnings of CNY 1,592,288,163.40, up from CNY 1,470,784,303.11 in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,774,151,955, a decrease of 0.06% compared to the end of the previous year[17] - Total current assets reached RMB 5,692,603,042.39, an increase from RMB 5,512,189,677.04 in the previous year[40] - Total liabilities amounted to RMB 5,463,266,713.61, down from RMB 5,614,125,081.28[40] - Total liabilities amounted to CNY 5,453,787,824.02, up from CNY 4,464,075,764.73 in the previous year[46] - Current liabilities totaled CNY 4,351,286,421.38, an increase from CNY 3,819,219,610.91 year-over-year[46] - Total assets amounted to approximately ¥10.78 billion, with non-current assets totaling around ¥5.27 billion[66] - Current liabilities reached approximately ¥4.88 billion, with short-term borrowings accounting for about ¥3.04 billion[66] Cash Flow - Net cash flow from operating activities increased by 29.90% to CNY 847,061,895[17] - The company experienced a 96.27% decrease in cash received from investment recoveries, totaling ¥13,707,220.58, compared to the previous year[27] - Cash inflows from investment activities decreased by 83.03% to ¥91,162,854.47, primarily due to fewer asset disposals compared to the previous year[27] - The net cash flow from financing activities showed a significant outflow of ¥631,192,616.51, a 136.80% increase in outflow compared to the previous year[30] - The cash inflow from operating activities for the first three quarters of 2020 was ¥7.71 billion, a decrease from ¥8.00 billion in the same period of 2019[58] - The net cash flow from financing activities was -CNY 562,903,031.39, worsening from -CNY 325,465,964.89 in the same period last year[64] Shareholder Information - The number of shareholders at the end of the reporting period was 98,427[20] - The company's equity attributable to shareholders increased to RMB 5,014,001,856.80 from RMB 4,917,669,704.03, representing a growth of approximately 2%[42] - Shareholders' equity totaled approximately ¥5.17 billion, with retained earnings at about ¥2.29 billion[68] Research and Development - Research and development expenses increased by 41.98% to ¥159,744,611.94, reflecting the company's increased investment in R&D[25] - Research and development expenses rose to $65.29 million, compared to $42.17 million in the same period last year, reflecting a 54.8% increase[50] - Research and development expenses were not reported for Q3 2020, but totaled ¥1.63 million for the first three quarters of 2020, down 70.3% from ¥5.48 million in the same period of 2019[54] Government Support - The company received government subsidies amounting to CNY 21,633,811 during the reporting period[17] Debt and Financing - Short-term borrowings decreased by 41.45% to CNY 1,777,326,561[21] - Long-term borrowings rose by 42.72% to ¥845,172,626.39, attributed to the addition of new long-term loans during the reporting period[24] - The company issued a total of ¥500 million in short-term financing bonds during the reporting period, which contributed to an increase in cash received from financing activities by 150%[30] - The total cash outflow from financing activities was CNY 3,146,903,031.39, down from CNY 3,673,965,964.89 in the same period last year[64]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥4,416,194,185.39, a decrease of 5.16% compared to ¥4,656,611,950.49 in the same period last year[22]. - The net profit attributable to shareholders was ¥248,773,045.62, down 10.45% from ¥277,791,428.08 in the previous year[22]. - Basic earnings per share for the first half of 2020 were ¥0.164, a decrease of 10.38% from ¥0.183 in the same period last year[23]. - The weighted average return on net assets was 5.00%, down 1.03 percentage points from 6.03% in the previous year[23]. - The company reported a total of ¥3,207,919.97 in non-recurring gains and losses for the period[24]. - The company achieved total operating revenue of CNY 4.416 billion, a decrease of 5.16% compared to the same period last year[36]. - Net profit attributable to shareholders was CNY 2.49 billion, a decline of 10.45% compared to the previous year[36]. - Operating profit increased significantly to ¥418,358,806.77, up 58.3% from ¥264,392,010.38 in the previous period[122]. - Investment income rose to ¥386,125,194.54, a substantial increase of 54.1% compared to ¥250,618,091.32 in the previous period[122]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 90.17% to ¥380,386,809.64, compared to ¥200,024,261.00 in the same period last year[22]. - Cash inflow from operating activities totaled ¥4,988,422,668.34, down from ¥5,147,072,698.34, reflecting a decrease of 3.1%[126]. - The company reported a net cash outflow from operating activities of ¥3,625,476,980.25 for purchases, down from ¥3,931,149,894.86, indicating a decrease of 7.8%[126]. - Cash and cash equivalents at the end of the period reached ¥1,834,707,064.79, an increase from ¥1,336,281,606.37, reflecting a growth of approximately 37.3%[129]. - The total cash inflow from operating activities was ¥1,376,100,333.11, compared to ¥1,243,915,769.84 in the previous period, marking an increase of about 10.6%[131]. - The net cash flow from financing activities was -¥109,190,209.77, an improvement from -¥171,203,316.55 in the previous period[133]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,147,513,334.64, reflecting a 3.40% increase from ¥10,781,154,162.32 at the end of the previous year[22]. - Total liabilities rose to CNY 6,038,662,755.17, compared to CNY 5,614,125,081.28, indicating an increase of about 7.5%[110]. - Long-term borrowings increased by 34.27% to 795,121,237.50 yuan, which is 7.13% of total assets, up from 592,193,862.67 yuan or 5.49% last year[41]. - The company's trading financial assets decreased by 100% to 0, down from 6,113,710.40 yuan, which accounted for 0.06% of total assets last year[41]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 678,964,653.05 RMB, which accounts for 13.81% of the company's net assets[67]. Research and Development - The company’s R&D expenses rose by 34.27% to CNY 94.45 million due to increased investment in research and development[37]. - Research and development expenses increased to CNY 94,451,267.14 in the first half of 2020, up from CNY 70,341,858.75 in the same period of 2019, representing a growth of 34.3%[118]. Market and Industry Trends - The beverage industry is diversifying, with new product lines including soy sauce bottles and hand sanitizer projects launched[36]. - The company is actively expanding into the medical market, developing various medical films that have achieved mass production[36]. - Seasonal variations in beverage sales are expected to affect revenue; the company plans to diversify its product offerings to reduce dependency on the beverage sector[48]. - The overall packaging industry in China generated revenue of CNY 1,003.25 billion in 2019, indicating significant market potential[30]. Corporate Governance and Compliance - The company confirmed that it has no major litigation or arbitration matters during the reporting period[60]. - The company has not received any administrative penalties from the China Securities Regulatory Commission in the last 36 months[60]. - The company has confirmed that there are no non-standard audit reports for the financial statements in the past year[58]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[68]. Environmental Compliance - The company and its subsidiaries strictly comply with environmental laws and regulations, being listed as key pollutant discharge units by local environmental authorities[68]. - Shanghai Ziquan Beverage Industry Co., Ltd. has a wastewater treatment system with a capacity of 1,700 tons per day, utilizing activated sludge technology[73]. - Shanghai Ziquan Label Co., Ltd. employs a VOCs treatment system (zeolite rotary concentration + RTO) for printing process exhaust, which operates continuously[73]. Shareholder Information - The total number of ordinary shareholders reached 105,513 by the end of the reporting period, with the largest shareholder, Shanghai Zijiang (Group) Co., Ltd., holding 395,207,773 shares, accounting for 26.06%[86]. - The company did not report any major accounting errors that required retrospective restatement during the reporting period[82]. - The company held its annual general meeting on June 24, 2020, resulting in the election of new independent directors and a new supervisor[88]. Accounting Policies and Standards - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position as of June 30, 2020[166]. - The company has established specific accounting policies and estimates based on its operational characteristics[165]. - The company prepares consolidated financial statements based on control, including itself and all subsidiaries[171].

Financial Performance - Operating revenue decreased by 17.81% to CNY 1,853,849,416.36 year-on-year[11] - Net profit attributable to shareholders decreased by 27.79% to CNY 42,488,168.40 compared to the same period last year[11] - Total profit decreased by 33.25% to 52,604,102.13, impacted by a decline in sales revenue due to the COVID-19 pandemic[18] - Basic earnings per share decreased by 28.21% to CNY 0.028 per share compared to the previous year[11] - The company's operating revenue for Q1 2020 was ¥367,870,111.31, a decrease of 15.7% compared to ¥436,431,511.07 in Q1 2019[54] - The net profit for Q1 2020 was ¥18,239,471.40, an increase of 63.5% from ¥11,137,094.78 in Q1 2019[54] - The total profit for Q1 2020 was ¥18,266,416.77, an increase from ¥11,850,097.33 in Q1 2019, showing overall profitability despite revenue challenges[54] Cash Flow - Net cash flow from operating activities was negative at CNY -129,087,628.50, a decrease of 212.87% year-on-year[11] - Cash inflow from operating activities for Q1 2020 was CNY 2,069,922,108.02, a decrease of 14.7% from CNY 2,426,548,268.53 in Q1 2019[57] - Cash inflow from investment activities totaled CNY 24,233,916.61 in Q1 2020, down 49.8% from CNY 48,216,989.14 in Q1 2019[57] - Cash inflow from financing activities was CNY 1,503,617,609.80 in Q1 2020, an increase of 12.7% from CNY 1,333,800,000.00 in Q1 2019[59] - The company reported a decrease in cash outflow for operating activities to CNY 2,252,548,139.74 in Q1 2020 from CNY 2,509,951,949.16 in Q1 2019, a reduction of 10.2%[57] Assets and Liabilities - Total assets increased by 2.98% to CNY 11,102,372,515.80 compared to the end of the previous year[11] - Accounts receivable decreased by 32.78% to 14,736,254.48 from 21,921,666.05 due to fewer notes received during the reporting period[17] - Long-term borrowings increased by 33.80% to 792,359,193.33, attributed to the addition of new long-term borrowings during the reporting period[17] - Total current liabilities decreased to 4,758,275,814.24 CNY from 4,880,633,256.62 CNY at the end of 2019[42] - Total liabilities amounted to CNY 5,262,273,764.93 in Q1 2020, up from CNY 4,464,075,764.73 in Q4 2019, indicating a 17.9% rise[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 111,293[14] - The largest shareholder, Shanghai Zijiang (Group) Co., Ltd., holds 26.06% of the shares[14] - After the capital increase, the company's ownership in Zijiang New Materials decreased from 70.00% to 63.00%, while the new investors hold 10.01%[32] Government Support and Donations - The company received government subsidies amounting to CNY 6,467,851.39 related to normal business operations[11] - The company made donations totaling 10 million yuan to combat the COVID-19 pandemic, contributing to increased operating expenses[22] - Other income increased by 61.54% to 3,709,317.67, mainly due to a higher amount of government subsidies received[20] Investment and Subsidiary Activities - The company plans to spin off its subsidiary, Zijiang New Materials, for a listing on the Sci-Tech Innovation Board, while maintaining control over it[31] - The company completed a capital increase for its subsidiary, Shanghai Zijiang New Materials Technology Co., Ltd., raising a total of 90,067,609.80 CNY, with 5,559,729 new shares issued[32] Inventory and Prepayments - Prepayments increased by 32.36% to 345,975,221.38, primarily due to increased advance payments for raw material purchases[17] - Inventory increased to CNY 100,754,117.51 in Q1 2020, up from CNY 67,085,202.62 in Q4 2019, representing a 50% growth[45]

Financial Performance - The company reported a total distributable profit of RMB 1,470,784,303.11 as of December 31, 2019, with a proposed cash dividend of RMB 0.2 per share, amounting to a total of RMB 303,347,231.60 for the year, resulting in a cash dividend payout ratio of 61.38%[4]. - The company's operating revenue for 2019 was CNY 9,210,963,560.33, representing a year-on-year increase of 2.23% compared to CNY 9,009,856,257.37 in 2018[20]. - Net profit attributable to shareholders for 2019 was CNY 494,198,437.20, an increase of 14.20% from CNY 432,742,261.14 in 2018[20]. - The net profit after deducting non-recurring gains and losses was CNY 417,637,798.00, which is a significant increase of 55.63% compared to CNY 268,348,988.13 in 2018[20]. - The company's total assets at the end of 2019 were CNY 10,781,154,162.32, reflecting a 3.92% increase from CNY 10,374,314,906.91 at the end of 2018[20]. - Basic earnings per share for 2019 were CNY 0.326, up 14.39% from CNY 0.285 in 2018[21]. - The weighted average return on equity increased to 10.30% in 2019, up from 9.91% in 2018, indicating improved profitability[21]. - The company reported a net cash flow from operating activities of CNY 988,690,621.13, a slight decrease of 0.93% from CNY 997,989,536.41 in 2018[20]. - The company’s net assets attributable to shareholders increased by 10.04% to CNY 4,917,669,704.03 at the end of 2019 from CNY 4,469,125,496.99 at the end of 2018[20]. Dividend Policy - The company plans to maintain the total dividend amount unchanged even if there are changes in the total share capital before the dividend distribution date[4]. - The company has committed to minimizing related party transactions and ensuring they are conducted at market prices, with a long-term commitment effective from July 18, 2014[122]. - The company plans to distribute cash dividends annually, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[117]. - In mature stages without significant capital expenditure, the cash dividend proportion should be at least 80% of the profit distribution[117]. - In mature stages with significant capital expenditure, the cash dividend proportion should be at least 40%[117]. - In growth stages with significant capital expenditure, the cash dividend proportion should be at least 20%[117]. - The company has distributed a total of 3,232,669,936.45 RMB in cash dividends since its listing in 1999[117]. - In 2019, the cash dividend amount was 303,347,231.60 RMB, representing 61.38% of the net profit attributable to ordinary shareholders[118]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[4]. - The board of directors and senior management have confirmed the authenticity and completeness of the annual report, taking legal responsibility for any misrepresentation or omissions[4]. - The company has not faced any administrative penalties from the China Securities Regulatory Commission in the last 36 months[124]. - The company has confirmed that its financial statements have not received any adverse opinions from auditors in the past year[124]. - The company has maintained compliance with court judgments and has no significant debts due that remain unpaid[134]. Risk Management - The company has outlined potential risks that may adversely affect its future development, with detailed countermeasures provided in the report[4]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements made in the report[4]. - The company is facing risks from domestic economic fluctuations, which may impact consumer spending and thus affect its packaging business; it plans to mitigate this by exploring new clients and foreign markets[110]. - The volatility of raw material prices, particularly those derived from petroleum, poses a risk; the company will closely monitor oil prices and adjust inventory strategies accordingly[110]. - Seasonal fluctuations in the beverage industry may affect sales; the company intends to diversify its product range to reduce dependency on seasonal beverage sales[110]. Research and Development - The company applied for 122 national patents in 2019, with 77 patents granted, including 7 invention patents[41]. - Total R&D investment amounted to CNY 178.05 million, representing 1.93% of operating revenue, with 471 R&D personnel, accounting for 6.70% of the total workforce[58]. - The company aims to enhance its talent pool by providing systematic training for mid-level management, in collaboration with educational institutions[109]. - The company plans to push for the listing of its subsidiary to optimize capital structure and enhance market presence[109]. - The company will focus on expanding the beverage packaging market, particularly targeting small and medium-sized clients, and aims to enhance product innovation to adapt to market changes[109]. Environmental Initiatives - The company has implemented various environmental protection measures in 2019, including compliance with new regulations on VOCs emissions and water pollution prevention, resulting in improved environmental performance[72]. - The company has made significant investments in environmental governance, aligning with national policies to combat air pollution and improve sustainability practices[72]. - Environmental investment amounted to ¥38,687,400, representing 0.42% of total revenue[95]. - Shanghai Ziquan Beverage Co., Ltd. has a wastewater treatment system with a capacity of 1,700 tons per day, operating continuously[157]. - Shanghai Ziquan Label Co., Ltd. has implemented VOCs treatment devices for printing process exhaust, which are continuously operational[157]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 109,804, a decrease from 111,391 at the end of the previous month[167]. - The actual controller of the company is Shen Wen, who is also the chairman and president of Shanghai Zijiang (Group) Co., Ltd.[172]. - The company has not reported any changes in the shareholding structure of its senior management during the reporting period[178]. - The total pre-tax remuneration for all directors and senior management during the reporting period amounted to 971.04 thousand yuan[178]. - The company has not granted any equity incentives to directors and senior management during the reporting period[182]. Operational Performance - The company’s quarterly revenue showed fluctuations, with Q2 2019 achieving the highest revenue of CNY 2,401,169,936.93[23]. - The company achieved total operating revenue of 9.21 billion RMB, an increase of 2.23% compared to the previous year[42]. - Operating costs amounted to 8.75 billion RMB, rising by 1.06% year-on-year[42]. - The operating profit reached 610 million RMB, reflecting a growth of 10.04% from the previous year[42]. - The company has established strategic partnerships with major beverage brands, enhancing its competitive edge in the beverage OEM sector[102].

2019 年第三季度报告 公司代码：600210 公司简称：紫江企业 上海紫江企业集团股份有限公司 2019 年第三季度报告 1 / 20 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 20 2019 年第三季度报告 一、 重要提示 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 公司负责人沈雯、主管会计工作负责人秦正余及会计机构负责人（会计主管人员）王艳保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|-------------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,656,611,950.49, a decrease of 1.41% compared to CNY 4,723,396,778.30 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 277,791,428.08, down 6.51% from CNY 297,132,506.11 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 12.57% to CNY 220,806,584.32 from CNY 196,150,406.75 in the same period last year[22]. - The net cash flow from operating activities was CNY 200,024,261.00, a significant decrease of 50.83% compared to CNY 406,832,779.64 in the previous year[22]. - Basic earnings per share for the first half of 2019 were CNY 0.183, a decrease of 6.63% from CNY 0.196 in the same period last year[23]. - The weighted average return on net assets was 6.03%, down 0.70 percentage points from 6.73% in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,814,713,136.27, an increase of 4.25% from CNY 10,374,314,906.91 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 1.13% to CNY 4,519,406,501.37 from CNY 4,469,125,496.99 at the end of the previous year[22]. - Current liabilities totaled CNY 4,449,398,000.47, up from CNY 3,968,259,695.88, marking an increase of about 12.1%[105]. - Total liabilities rose to CNY 4,903,575,896.40 from CNY 4,473,623,340.59, representing an increase of approximately 9.6%[105]. - Shareholders' equity increased to CNY 4,262,787,932.13 from CNY 4,232,055,149.76, reflecting a growth of about 0.7%[105]. Cash Flow - The net cash flow from operating activities for the first half of 2019 was ¥227,217,392.58, a decrease of 46% compared to ¥420,643,721.86 in the same period of 2018[121]. - The total cash inflow from investment activities was ¥405,450,756.11, down 74.6% from ¥1,593,968,333.13 year-on-year[121]. - The total cash outflow from investment activities was ¥427,176,920.66, a significant decrease from ¥1,828,361,609.83 in the previous year[121]. Research and Development - Research and development expenses increased by 11.19% to RMB 70.34 million, reflecting the company's commitment to innovation[36]. - Research and development expenses for the first half of 2019 were CNY 70,341,858.75, compared to CNY 63,261,030.61 in the previous year, indicating an increase of approximately 11.5%[108]. Market and Business Strategy - The company launched a new OEM project for canned beverages, which has already commenced production[35]. - The company is expanding its international market presence with a joint venture factory in Ethiopia that has reached full production capacity[35]. - The company plans to expand its customer base and international markets to enhance sales and production efficiency[51]. - The company is actively exploring new business opportunities in the chemical industry through its wholly-owned subsidiary[35]. Environmental Compliance - The company strictly complied with relevant environmental laws and regulations during the reporting period[71]. - Shanghai Ziquan Beverage Industry reported a total COD emission of 6.318 tons, with a concentration of 83.961 mg/L, complying with the DB31/445-2009 standard[75]. - All subsidiaries have established emergency response plans for environmental pollution incidents and have filed them with local environmental authorities[83]. Shareholder Information - Total number of ordinary shareholders as of the end of the reporting period is 116,728[88]. - The top ten shareholders hold a total of 26.06% of shares, with Shanghai Zijiang (Group) Co., Ltd. holding 395,207,773 shares[89]. Corporate Governance - The financial statements were approved by the board on August 29, 2019, indicating compliance with corporate governance standards[142]. - The company has not received any administrative penalties from the China Securities Regulatory Commission in the last 36 months[60]. Related Party Transactions - The company has committed to minimizing related party transactions and ensuring they are conducted at market prices, with compliance to legal regulations[58]. - In 2019, the company estimated that the total amount of daily related party transactions would be CNY 210 million, accounting for 4.70% of the audited net assets attributable to the parent company in 2018[64]. Financial Instruments and Accounting Policies - The company recognizes goodwill in business combinations when the purchase price exceeds the fair value of identifiable net assets acquired[159]. - The company applies the effective interest method for financial assets measured at amortized cost, ensuring accurate recognition of interest income[176]. - Financial liabilities are derecognized when the current obligation is discharged, with differences between the carrying amount and consideration paid recognized in current profit and loss[181].