2022 年第一季度报告 证券代码：600439 证券简称：瑞贝卡 河南瑞贝卡发制品股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性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。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减变动幅度(%) | | | | --- | --- | --- | --- | --- | | 营业收入 | 321,626,965.04 | | | 4.55 | | 归属于上市公司股东的净利润 | 12,777,173.22 | | | -28.33 | | 归属于上市公司股东的扣除非经常 | 12,505,073. ...

Financial Performance - The company's operating revenue for 2021 was CNY 1,565,634,910.91, representing a 17.75% increase compared to CNY 1,329,586,420.48 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 60,205,937.96, a significant increase of 57.85% from CNY 38,141,473.17 in the previous year[21]. - The net profit after deducting non-recurring gains and losses reached CNY 58,449,475.00, marking a 219.21% increase from CNY 18,310,862.00 in 2020[21]. - Cash flow from operating activities for 2021 was CNY 222,530,806.29, up 51.66% from CNY 146,726,777.99 in 2020[21]. - The total assets at the end of 2021 were CNY 4,813,393,361.45, a slight decrease of 0.66% from CNY 4,845,533,873.97 at the end of 2020[21]. - The net assets attributable to shareholders increased to CNY 2,786,845,987.88, a marginal increase of 0.60% from CNY 2,770,141,437.78 in 2020[21]. - Basic earnings per share increased to RMB 0.0532, a growth of 57.86% from RMB 0.0337 in the previous year[22]. - The diluted earnings per share also stood at RMB 0.0532, reflecting the same percentage increase[22]. - The weighted average return on equity rose to 2.15%, an increase of 0.81 percentage points from the previous year[22]. Market Performance - The company achieved operating revenue of RMB 1.566 billion, representing a year-on-year growth of 17.75%[31]. - In the North American market, the company achieved revenue of 597 million yuan, a year-on-year increase of 58.80% due to strong demand for comfortable headwear products[33]. - In the African market, the company reported revenue of 562 million yuan, growing by 7.06% year-on-year, despite slow market recovery due to economic challenges[33]. - The European market generated revenue of 94.3361 million yuan, reflecting a year-on-year growth of 10.30% driven by increased consumer spending[33]. - The domestic market saw revenue of 167 million yuan, up 17.83% year-on-year, as consumer awareness of wigs increased[34]. Strategic Initiatives - The company plans to retain earnings for the construction of a multifunctional fiber hair production line and the expansion of new domestic channels[5]. - The board of directors proposed no profit distribution for 2021, focusing on reinvestment for future growth[5]. - The company is actively expanding its market presence and adjusting product and capacity structures to meet the recovering demand in the hair care market[31]. - The company is enhancing its online and offline channel integration, expanding its e-commerce presence on platforms like Amazon and Shopee, and optimizing product design and pricing strategies[35][36]. - The company is focusing on digital transformation by integrating industrial and information technology, improving operational efficiency through various IT projects[36]. Challenges and Risks - The company faced challenges from rising labor costs, raw material prices, and shipping costs due to the ongoing global pandemic[31]. - The company emphasizes the importance of market conditions affecting its future strategic plans and encourages investors to be aware of investment risks[6]. - The company faces significant risks due to its reliance on exports, particularly in the context of ongoing global pandemic challenges and geopolitical uncertainties, which may lead to a decline in global demand for hair products[86]. - The company’s export revenue is significantly impacted by international exchange rate fluctuations, which can result in foreign exchange losses and increased financial costs[87]. Corporate Governance - The company adheres to strict corporate governance standards, ensuring compliance with relevant laws and regulations, and maintaining a clear governance structure[92]. - The company held two shareholder meetings during the reporting period, ensuring all shareholders, especially minority shareholders, had equal rights to information and voting[93]. - The board of directors conducted six meetings, effectively fulfilling its responsibilities and ensuring compliance with shareholder decisions[93]. - The company has established a robust information disclosure system to protect investor interests, ensuring timely and accurate reporting[94]. - The company strictly adhered to insider information confidentiality regulations and found no instances of insider trading during the reporting period[95]. Research and Development - The company holds 462 patents, including 16 authorized invention patents, demonstrating its strong research and development capabilities[47]. - R&D expenses for the period amounted to 43,620,470.97 RMB, representing 2.79% of operating revenue[66]. - The number of R&D personnel is 600, making up 6.42% of the total workforce[67]. - Research and development investments have increased by 25%, focusing on sustainable product lines and advanced manufacturing techniques[102]. Environmental Commitment - The company successfully passed environmental assessments and maintained compliance with pollution discharge standards, with wastewater discharge concentrations well below limits[133]. - The company was recognized as a national "Green Factory" in December 2021, reflecting its commitment to environmental protection[133]. - The company has established an emergency plan for environmental incidents, with no such incidents reported during the reporting period[135]. - The company conducts quarterly self-monitoring of environmental indicators, ensuring compliance with environmental regulations[136]. Employee Relations - The company has implemented a mixed compensation strategy to attract and retain talent, with a focus on competitive and fair remuneration[117]. - The company emphasizes employee training and has established a comprehensive training mechanism to enhance professional skills[118]. - The company reported a significant increase of 95.19% in employee compensation liabilities, totaling 109,907,237.87 RMB[69]. - The company employed a total of 9,349 staff, with 4,060 in the parent company and 5,289 in major subsidiaries[116].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 396,372,294.36, representing a year-over-year increase of 14.96%[3] - The net profit attributable to shareholders for the same period was CNY 19,180,970.21, with a significant increase of 366.07% year-over-year for the year-to-date figure of CNY 44,534,585.24[3] - The net profit after deducting non-recurring gains and losses for Q3 2021 was CNY 15,958,040.93, reflecting a year-to-date increase of 775.10%[3] - Basic earnings per share for Q3 2021 was CNY 0.0169, with a year-to-date increase of 367.86% to CNY 0.0393[4] - The weighted average return on equity for Q3 2021 was 0.54%, an increase of 0.70 percentage points compared to the previous year[4] - Total operating revenue for the first three quarters of 2021 reached ¥1,049,789,406.33, an increase from ¥843,958,889.14 in the same period of 2020, representing a growth of approximately 24.4%[18] - Net profit for the third quarter of 2021 was ¥44,420,136.05, a significant increase from ¥8,596,749.39 in the same quarter of 2020, reflecting a growth of approximately 418.5%[19] - The company's total comprehensive income for the third quarter of 2021 was ¥11,142,056.45, compared to a loss of ¥27,762,447.79 in the same quarter of 2020[20] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 5,008,272,905.59, a 3.36% increase from the end of the previous year[4] - Total assets as of September 30, 2021, amounted to RMB 5,008,272,905.59, an increase from RMB 4,845,533,873.97 at the end of 2020[14] - The company's total liabilities as of the third quarter of 2021 amounted to ¥2,223,597,676.54, compared to ¥2,072,000,701.37 in the previous year, showing an increase of about 7.3%[17] - The total equity attributable to shareholders of the parent company was ¥2,781,397,943.42, slightly up from ¥2,770,141,437.78 in the previous year[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 11,456,613.09, showing a decline of 65.66%[3] - Net cash inflow from operating activities amounted to ¥1,078,298,120.39, an increase from ¥903,185,461.89 in the previous year, reflecting a growth of approximately 19.4%[22] - Cash received from sales of goods and services in the first three quarters of 2021 was ¥1,041,602,600.34, compared to ¥883,399,140.40 in the same period of 2020, marking an increase of approximately 18%[21] - Cash paid for operating activities totaled ¥1,066,841,507.30, compared to ¥869,824,097.46 in the previous year, reflecting a rise of about 22.6%[22] - Cash received from other operating activities was ¥20,529,432.83, up from ¥15,717,075.70, marking an increase of approximately 30.5%[22] Shareholder Information - The company reported a total of 57,767 common shareholders at the end of the reporting period[11] - The largest shareholder, Henan Ruibeka Holdings Co., Ltd., holds 33.71% of the shares, totaling 381,538,217 shares[11] - The second-largest shareholder, Henan Ruibeka Hair Products Co., Ltd., holds 1.98% of the shares, totaling 22,467,179 shares[11] - The company has no significant related party transactions among the top ten shareholders[12] Government Support and Future Plans - The company reported a government subsidy of CNY 970,000.00 for Q3 2021, contributing positively to the financial results[6] - The company plans to continue focusing on market expansion and product development to sustain growth in the upcoming quarters[8] Inventory and Borrowings - Inventory stood at RMB 3,154,105,665.10, slightly up from RMB 3,131,738,717.77, indicating a marginal increase of 0.7%[15] - Short-term borrowings rose to RMB 1,368,503,836.80 from RMB 1,170,996,000.00, marking an increase of approximately 16.8%[15] - The company's long-term borrowings increased to ¥345,000,000.00 in the third quarter of 2021, compared to ¥60,000,000.00 in the previous year, reflecting a significant rise of approximately 475%[17] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥23,646,492.01, down from ¥26,567,046.45 in 2020, indicating a decrease of about 11.0%[18] Cash and Cash Equivalents - Cash and cash equivalents reached RMB 495,992,489.73, up from RMB 385,582,542.08 in December 2020, reflecting a growth of approximately 28.7%[14] - Total cash and cash equivalents at the end of the period stood at ¥495,992,489.73, up from ¥432,690,105.82 at the end of the previous year, representing an increase of approximately 14.6%[23]

2021 年半年度报告 公司代码：600439 公司简称：瑞贝卡 河南瑞贝卡发制品股份有限公司 2021 年半年度报告 1 / 142 2021 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人郑文青、主管会计工作负责人郑文青及会计机构负责人（会计主管人员）朱建 锐声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划等前瞻性陈述受市场状况变化等诸多因素影响，并不构成公司对投 资者的实质承诺，提请广大投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 本报告第三节"管理层讨论与 ...

证券代码：600439 证券简称：瑞贝卡 公告编号：临2021-013 河南瑞贝卡发制品股份有限公司关于 参加河南辖区上市公司2021年投资者网上集体接待日活动的 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：2021年6月8日（16:00-17:20） ●会议召开地点：全景•路演天下（ http://rs.p5w.net） ●会议召开方式：网络互动形式 一、说明会类型 为进一步加强与投资者的互动交流，河南瑞贝卡发制品股份有限公司（以下简称 "公司"或"本公司"）定于 2021年6月8日（周二）参加在全景网举办的"真诚沟通 传递价值"河南辖区上市公司2021年投资者网上集体接待日活动。 二、说明会召开的时间、地点 1、会议召开时间：16:00-17:20； 2、会议召开地点：全景•路演天下 3、会议召开方式：网络互动形式。 三、参加人员 本公司董事会秘书、财务总监等人员将在线与广大投资者进行互动交流。 四、投资者参加方式 投资者可在2021年6月8日（16:00—17:20）登陆 ...

公司代码：600439 公司简称：瑞贝卡 河南瑞贝卡发制品股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2021 年第一季度报告 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 3 / 20 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 减(%) 总资产 5,015,136,477.90 4,845,533,873.97 3.50 归属于上市公司 股东的净资产 2,787,408,834.21 2,770,141,437.78 0.62 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 7,596,193.21 -47,911,226.23 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 307,638,934.03 262,737,549.70 17.0 ...

五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2020 年年度报告 公司代码：600439 公司简称：瑞贝卡 1 / 178 河南瑞贝卡发制品股份有限公司 2020 年年度报告 2020 年年度报告 重要提示 三、 中喜会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人郑有全、主管会计工作负责人郑文青及会计机构负责人（会计主管人员）晁慧霞 声明：保证年度报告中财务报告的真实、准确、完整。 经公司2021年4月22日第七届董事会第十二次会议审议通过的2020年度利润分配预案如下： 公司 2020 年度拟不进行利润分配，亦不进行资本公积转增股本。本事项尚需提交公司 2020 年年 度股东大会审议。2020 年度受新冠肺炎疫情和人民币升值影响，行业经营环境严峻，公司净利润 大幅下降，结合公司盈利情况和未来发展对资金的实际需求，董事会提出了 2020 年度利润分配预 案，留存收益将主要用于国内市场二次开发、现代化智能仓储物流配送体系项目建设等。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及的公司发展战略、经营计划等前瞻性陈述受市场状况变化等多方面因素影响， ...

2020 年第三季度报告 公司代码：600439 公司简称：瑞贝卡 河南瑞贝卡发制品股份有限公司 2020 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2020 年第三季度报告 一、重要提示 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 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 4,952,410,400.57 | 5,025,893,654.70 | | -1.46 | | 归属于上市公司 | 2,803,039,299.41 | 2,863,802,659.23 | | -2.12 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | | （1-9 月） | （1-9 月） | ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥499,173,059.22, a decrease of 47.25% compared to ¥946,374,638.61 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was ¥17,615,959.22, down 85.51% from ¥121,533,597.94 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥11,171,502.23, a decline of 90.62% compared to ¥119,143,912.90 in the same period last year[20]. - The net cash flow from operating activities was -¥14,831,779.54, compared to ¥64,845,062.07 in the previous year, indicating a significant cash outflow[20]. - Basic earnings per share for the first half of 2020 were ¥0.0156, down 85.47% from ¥0.1074 in the same period last year[21]. - The weighted average return on equity decreased by 3.59 percentage points to 0.62% from 4.21% in the previous year[21]. - The company reported a total profit of 6,444,456.99 RMB for the period, with a tax impact of 871,157.68 RMB[23]. - The company reported a revenue of ¥499,173,059.22, a decrease of 47.25% compared to the same period last year[36]. - Net profit attributable to shareholders was ¥17,615,959.22, down 85.51% year-on-year[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,046,697,953.70, a slight increase of 0.41% from ¥5,025,893,654.70 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 1.61% to ¥2,817,670,259.98 from ¥2,863,802,659.23 at the end of the previous year[20]. - Short-term borrowings increased by 27.38% to CNY 1.35 billion, primarily due to the repayment of part of long-term borrowings and to supplement liquidity[45]. - Accounts receivable decreased by 35.69% to CNY 3.08 million, attributed to accelerated collection of sales proceeds from flame-retardant fiber[45]. - The company's total assets at the end of the reporting period were approximately CNY 111.89 million, with net assets of CNY 95.62 million, and a net profit of CNY 16.91 million[48]. - The total liabilities as of June 30, 2020, were CNY 2,195,549,472.16, compared to CNY 2,131,225,258.52 at the end of 2019[102]. Market and Sales - The company operates a complete industrial chain with a global sales market layout, exporting primarily to North America, Africa, Europe, and Asia[33]. - The North American market remains a key consumer market for hair products, particularly among the African American population[29]. - The company has a diversified sales model, utilizing both ODM/OEM and direct sales strategies in international markets[27]. - Online retail sales showed stable growth as the company shifted focus to e-commerce amid offline sales disruptions[37]. - The company launched a new brand and collaborated with beauty salons to enhance market penetration and meet diverse consumer needs[37]. - The company experienced a significant decline in international sales, with North America down 35.17% and Europe down 60.88%[44]. Research and Development - The company has achieved a total of 416 patents, including 21 authorized independent invention patents, showcasing its strong research and development capabilities[32]. - Research and development expenses were ¥15,308,738.64, a decrease of 20.03% year-on-year[43]. - The company's research and development expenses for the first half of 2020 were ¥12,196,541.41, down from ¥18,527,322.22 in the first half of 2019[109]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The company has not disclosed any major related party transactions or changes in related party transactions during the reporting period[66]. - The company has not made any changes to its accounting firm during the reporting period[61]. - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period[72]. - The company has not disclosed any major contracts or their performance status during the reporting period[66]. Environmental Responsibility - The company strictly complies with national environmental protection laws, achieving pollutant discharge standards with wastewater COD and ammonia nitrogen concentrations at 36.02 mg/L and 2.21 mg/L, respectively, against limits of 50 mg/L and 8-10 mg/L[67]. - Air pollutants including dust, ammonia nitrogen, and sulfur dioxide were discharged at concentrations of 71 mg/m³, 299 mg/m³, and 383 mg/m³, respectively, meeting the regulatory limits of 80 mg/m³, 400 mg/m³, and 400 mg/m³[67]. - The company has established an environmental self-monitoring plan, conducting quarterly self-monitoring and accepting supervision from environmental protection departments[71]. - No significant environmental incidents occurred during the reporting period, and an emergency response plan for environmental incidents is in place[70]. Financial Strategy and Future Outlook - The company aims to closely monitor global economic trends and adjust its production and operational strategies accordingly[51]. - The company plans to enhance its domestic market share and diversify its market presence to mitigate risks associated with international trade[54]. - Future guidance indicates a cautious outlook, with an emphasis on cost management and operational efficiency improvements[125]. - The company is exploring new market opportunities to enhance revenue streams and mitigate losses[125]. Shareholder Information - The total number of common stock shareholders was 51,168[78]. - The total number of shares held by the largest shareholder, Henan Ruibeka Holdings Co., Ltd., is 381,538,217 shares, representing a significant portion of the company's equity[80]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 23,532,475 shares, indicating strong institutional interest[80]. - The company has not implemented any stock incentive plans for directors, supervisors, or senior management during the reporting period, indicating a focus on traditional compensation methods[82]. Financial Instruments and Accounting Policies - The company follows the accounting treatment for business combinations under common control and non-common control, with specific measurement criteria for assets and liabilities at the date of acquisition[173]. - Financial instruments are classified into three categories based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[181]. - The company applies consistent accounting policies across its subsidiaries, ensuring uniformity in financial reporting[177]. - The fair value of financial assets or liabilities is determined based on active market quotes or valuation techniques using observable market data[191].

Financial Performance - The company's operating revenue for 2019 was CNY 1,819,293,409.70, a decrease of 3.30% compared to CNY 1,881,348,591.94 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 211,789,483.21, down 9.56% from CNY 234,163,898.60 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 204,962,163.73, a decrease of 10.87% compared to CNY 229,956,277.38 in 2018[21]. - Basic earnings per share decreased by 9.57% to CNY 0.1871 in 2019 compared to CNY 0.2069 in 2018[22]. - Diluted earnings per share also decreased by 9.57% to CNY 0.1871 in 2019 compared to CNY 0.2069 in 2018[22]. - The weighted average return on equity fell to 7.23% in 2019, down from 8.51% in 2018, a decrease of 1.28 percentage points[22]. - Overall main business revenue was ¥1,778,528,064.21, a year-on-year decline of 3.59%, with net profit attributable to shareholders at ¥211,789,483.21, down 9.56%[48]. - The company's total revenue for 2019 reached approximately 702.31 million, with a net profit of about 177.58 million, indicating a strong performance in the wig products sector[76]. Cash Flow and Assets - The cash flow from operating activities for 2019 was CNY 151,436,344.53, a significant recovery from a negative cash flow of CNY -106,477,782.76 in 2018[21]. - The total assets at the end of 2019 were CNY 5,025,893,654.70, an increase of 3.31% from CNY 4,864,930,174.68 in 2018[21]. - The net assets attributable to shareholders at the end of 2019 were CNY 2,863,802,659.23, a slight increase of 0.25% from CNY 2,856,519,061.89 in 2018[21]. - The net cash flow from operating activities for 2019 was ¥151,436,344.53, a significant improvement from -¥106,477,782.76 in 2018[193]. - The ending balance of cash and cash equivalents increased to ¥450,288,757.26 in 2019 from ¥340,497,315.80 in 2018, reflecting a growth of about 32.4%[194]. Market and Sales Performance - The decline in revenue was primarily due to a drop in sales in the US market, influenced by changes in consumer demand and the impact of US-China trade tensions[44]. - Sales revenue from the North American market decreased by 10.41%, while the gross margin increased by 6.05 percentage points due to a higher proportion of high-margin human hair wig sales[55]. - Revenue from human hair wigs increased by 34.36% due to strong market demand, while synthetic wigs saw an 8.08% decline attributed to tariff impacts and substitution effects[55]. - The company has established 201 stores in first- and second-tier cities across China, including 76 direct-operated stores and 125 franchise stores[35]. - Revenue from the African market was ¥888,844,359.75, making up 49.98% of total revenue, with a slight decline of 0.73% from the previous year[75]. Research and Development - The company holds 406 patents, including 16 authorized invention patents, showcasing its research and development capabilities[40]. - Research and development expenses totaled 38,928,836.97 RMB, representing 2.14% of total revenue, with 598 R&D personnel making up 6.65% of the total workforce[65]. - The company is committed to enhancing its technological innovation and R&D capabilities to drive growth and maintain competitiveness in the market[81]. Operational Strategies - The company emphasizes the importance of market conditions affecting its future development strategies and operational plans[6]. - The company is transitioning its sales model to include e-commerce and brand retail to adapt to market changes, although progress has been slow due to trade tensions[51]. - The company is focusing on enhancing user experience and exploring new retail solutions in the North American market[34]. - The company aims to enhance its brand strategy and global marketing system, focusing on high-quality and fashionable wig products to capture a larger market share[80]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares, totaling CNY 33,959,563.20, subject to shareholder approval[5]. - The cash dividend for the 2018 fiscal year was 0.50 RMB per 10 shares, totaling 56,599,272.00 RMB, which was 24.17% of the net profit attributable to shareholders[90]. - The board of directors has proposed a three-year shareholder return plan (2018-2020) to enhance transparency in profit distribution[89]. Environmental and Social Responsibility - The company strictly complies with national environmental protection laws and regulations, achieving standard emissions for wastewater with concentrations of 36.02 mg/L for COD and 2.21 mg/L for ammonia nitrogen, below the limits of 50 mg/L and 8-10 mg/L respectively[106]. - The company has established a robust environmental management responsibility system and improved its pollution prevention facilities, ensuring all pollutants are treated and disposed of safely[107]. - The company has actively fulfilled its social responsibilities, with a detailed report available on its website[105]. Governance and Compliance - The governance structure of the company is compliant with relevant laws and regulations, ensuring effective decision-making and protection of shareholder interests[137]. - The company has established a robust information disclosure system, ensuring that disclosures are truthful, accurate, complete, timely, and fair[139]. - The board of directors has established a performance evaluation and incentive mechanism for senior management, linking compensation to company performance and individual objectives[143].