Financial Performance - The company's operating revenue for the first half of 2023 was approximately RMB 471.97 million, representing a 9.20% increase compared to RMB 432.23 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 71.43% to approximately RMB 45.02 million, down from RMB 157.60 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 531.95% to approximately RMB 91.04 million, compared to RMB 14.41 million in the same period last year[20]. - The net cash flow from operating activities was approximately RMB 20.97 million, a significant recovery from a negative cash flow of RMB 40.38 million in the previous year[20]. - The total assets of the company increased by 1.51% to approximately RMB 3.72 billion, compared to RMB 3.66 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company rose by 2.89% to approximately RMB 1.97 billion, up from RMB 1.91 billion at the end of the previous year[20]. - The basic earnings per share decreased to RMB 0.06, down 71.43% from RMB 0.21 in the same period last year[21]. - The weighted average return on net assets decreased by 5.90 percentage points to 2.32% compared to 8.22% in the previous year[21]. Business Operations - The company reported a significant improvement in asset operation efficiency, with a notable increase in rental rates leading to a reduction in losses by approximately RMB 34.91 million[20]. - The company has resumed normal operations after the previous year's rental reductions, positively impacting profitability[20]. - The company's main business includes professional market management, retail, and new consumption, with a focus on fashion and apparel[26]. - The professional market management business is strategically located in key commercial areas, benefiting from high foot traffic and brand partnerships[27]. - The company operates a high-end department store, which includes various international and domestic brands, enhancing its market appeal[29]. - The company is leveraging its geographical advantages in key cities like Hangzhou and Nanjing to enhance its new retail industry chain and expand cross-border e-commerce[33]. Market Trends - The retail sector in Gansu Province saw a total retail sales of CNY 2,197.60 billion in the first half of 2023, representing a year-on-year growth of 9.2%[30]. - The online retail sales in China reached CNY 71,621 billion in the first half of 2023, with a year-on-year increase of 13.1%[30]. - The retail sector's contribution to economic growth in China is significant, with final consumption expenditure accounting for 77.2% of economic growth in the first half of 2023[30]. - The overall retail market is expected to continue its recovery, driven by improved consumer sentiment and increased disposable income[29]. New Retail Initiatives - The company's new retail business, including cross-border e-commerce and warehouse-type supermarkets, is focused on high-quality channels such as Tmall International and Xiaohongshu[31]. - The company aims to enhance its market position by integrating online and offline sales channels and developing cross-border trade strategies[28]. - The company plans to leverage the growing demand for personalized and domestic brands among younger consumers[28]. Financial Management - The company plans to raise up to 730.25 million yuan through a private placement to enhance its core business and support digital transformation projects[38]. - The company is actively enhancing its operational management capabilities and digital transformation to improve efficiency and decision-making[35]. - The company is focusing on upgrading its market hardware and service offerings to better meet merchant needs and enhance customer flow[35]. - The company reported a significant increase in non-current assets due to the reclassification of long-term receivables, which rose by 486.98% to 37.90 million yuan[43]. Shareholder and Governance Matters - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period, with no dividends or stock bonuses planned[59]. - The company appointed Wu Xiaoyang as the new Chief Financial Officer, effective from June 9, 2023[58]. - The company has undergone a board restructuring, with new appointments including Wu Xiaobai as Chairman and Hong Yidan as General Manager[57]. - The company has committed to ensuring that related party transactions are conducted fairly and legally, adhering to principles of equivalence and compensation[69]. - The company has pledged to maintain the independence of its operations and protect the rights of minority shareholders, adhering to relevant regulations from the China Securities Regulatory Commission[69]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing for the company[73]. - The company and its controlling shareholders maintained a good integrity status during the reporting period, with no significant debts or court judgments unfulfilled[73]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[90]. Accounting and Financial Reporting - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[132]. - The company consolidates all subsidiaries in its financial statements according to relevant accounting standards[137]. - The company recognizes its share of assets and liabilities in joint operations based on its ownership interest[139]. - The company applies a systematic approach to account for share-based payments, recognizing costs based on the fair value of equity instruments granted[187]. - The company recognizes revenue based on the progress of performance obligations during a specific period, confirming income when the performance progress can be reasonably determined[191].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 86,311,769 for the year 2022, with an increase in retained earnings to RMB 595,872,053.20 after accounting for statutory surplus reserves and cash dividends distributed [4]. - The company reported a total of RMB 584,830,153.92 in retained earnings at the beginning of the year, reflecting a strong financial position [4]. - The company achieved operating revenue of CNY 756.42 million in 2022, representing a year-on-year increase of 17.70% [22]. - The net profit attributable to shareholders was CNY 86.31 million, a decrease of 44.25% compared to the previous year [22]. - Basic earnings per share were CNY 0.11, down 47.62% year-on-year [23]. - The company's total assets increased to CNY 3.66 billion, up 4.13% from the previous year [22]. - The net assets attributable to shareholders rose to CNY 1.91 billion, an increase of 3.92% year-on-year [22]. - The cash flow from operating activities was CNY 183.11 million, a decrease of 4.68% compared to 2021 [22]. Dividend and Profit Distribution - The company did not distribute cash dividends, issue bonus shares, or increase capital reserves for the fiscal year 2022, indicating a focus on reinvestment [4]. - The company has not proposed any plans for capital reserve transfers or other forms of profit distribution for the fiscal year 2022, indicating a strategic focus on growth [4]. - The company distributed a cash dividend of RMB 52,569,456.52, which is 60.91% of the net profit attributable to shareholders [131]. - The company has a profit distribution policy that emphasizes a stable and continuous cash dividend, aiming for at least 30% of the average distributable profit over the last three years to be distributed in cash [124]. Operational Challenges and Strategies - The company provided rent reductions and exemptions totaling CNY 82.39 million, which decreased operating revenue by CNY 73.46 million and net profit by CNY 57.32 million [31]. - The professional market sector is facing challenges due to a sluggish economic environment, but there are opportunities for growth through digital innovation and international market expansion [42]. - The company is focusing on digital transformation and enhancing property management systems to improve operational efficiency [31]. - The company is enhancing its digital transformation by collaborating with big data BI and analytics platform providers, aiming to improve digital decision-making and operational efficiency through various digital projects [34]. - The company is expanding its new retail business by focusing on high-potential products in cosmetics, imported foods, and fashion, leveraging partnerships with major e-commerce platforms like Tmall International and JD International [35]. Governance and Compliance - The company has received a standard unqualified audit opinion from Tianjian Accounting Firm, ensuring the accuracy and completeness of its financial reports [3]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties, maintaining financial integrity [6]. - The company has not violated decision-making procedures in providing guarantees, ensuring compliance with regulations [6]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring governance transparency [3]. - The company has a strong commitment to the authenticity and accuracy of its annual report, as stated by its management team [3]. - The company has implemented strict insider information management to prevent leaks and ensure fair disclosure, with no incidents of insider information leakage reported [96]. Employee and Management Structure - The company launched an employee stock ownership plan to motivate core staff and improve overall team performance and retention [39]. - The total number of employees in the parent company and major subsidiaries is 622, with 33 in the parent company and 589 in subsidiaries [119]. - The professional composition includes 64 sales personnel, 110 technical staff, 47 financial staff, 49 administrative staff, 23 management personnel, and 329 other employees [119]. - The company encourages employee training across various levels, including new employee orientation and management training, to enhance skills and team integration [122]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding these risks [6]. - The company faces market risks due to competition from various retail formats and potential declines in consumer confidence and demand [88]. - There is a risk of insufficient talent reserves as the company expands, which it plans to address through recruitment and training initiatives [89]. - The company is managing cross-regional operations to mitigate risks associated with diverse management levels and corporate cultures across subsidiaries [90]. Shareholder and Ownership Structure - The top five customers contributed sales of 193.01 million yuan, accounting for 54.18% of the total annual sales [60]. - The top five suppliers accounted for 187.92 million yuan in purchases, representing 67.86% of the total annual purchases [60]. - The proportion of shares held by the controlling shareholder, Yuanming Holdings, increased from 20.00% to 20.32% following the share cancellation [163]. - The number of ordinary shareholders increased from 19,687 to 19,919 during the reporting period [164]. - The actual controller of the company is Lishui Economic and Technological Development Zone Management Committee, which holds a 21.43% stake in another listed company, Weidi Co., Ltd. [172]. Internal Controls and Audits - The internal control system was audited by Tianjian Accounting Firm, which found no significant defects and issued a standard unqualified opinion on the internal control audit report [137]. - The company has established a systematic internal control and necessary internal supervision mechanisms to ensure compliance and asset safety [137]. - The company has conducted thorough audits of its revenue recognition processes to ensure compliance with accounting standards [183]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022 [181]. Corporate Social Responsibility - The company made a total donation of 53,100 CNY during the reporting period, including 5,000 CNY to support veterans [141]. - A total of 378 employees participated in voluntary blood donation activities during the reporting period [141]. - The company has not established an environmental protection mechanism and did not invest in environmental protection funds during the reporting period [138]. - The company does not belong to industries with significant environmental pollution impact and has not disclosed major pollutant discharge information [139].

证券代码：600738 证券简称：丽尚国潮 公告编号：2023-063 兰州丽尚国潮实业集团股份有限公司 关于公司对外担保事项的进展公告 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法律责任。 重要内容提示： ● 担保人名称：兰州丽尚国潮实业集团股份有限公司（以下简称"公司"） ● 本次公司为 HK BEAUTY 不超过 350 万美元借款提供连带责任保证担保 ● 本次担保额度不涉及反担保 ● 公司及子公司无逾期对外担保情形 在 70%以上的子公司新增担保总额不超过 1.5 亿元。 公司董事会已授权管理层自主决定与各银行机构签署上述综合授信及贷款 额度内的有关法律文件（包括但不限于签署授信、借款合同、质押/抵押合同、 担保协议以及其他法律文件）并办理相关手续。上述事项具体内容详见公司在上 海证券交易所（www.sse.com.cn）、《中国证券报》《上海证券报》《证券时报》 上发布的《2023-024 丽尚国潮关于公司及子公司预计新增综合授信额度及对外 担保额度的公告》。 本次担保事项在上述授权范围内，无需另行召开董事会及股东大会审议 ...

证券代码：600738 证券简称：丽尚国潮 公告编号：2023-032 兰州丽尚国潮实业集团股份有限公司 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法律责任。 重要内容提示： ●会议召开时间：2023 年 5 月 25 日（星期四）下午 16:00—17:00 ●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 5 月 18 日（星期四）至 5 月 23 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600738@lsguochao.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。 兰州丽尚国潮实业集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布了公司 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 2023 年 5 月 ...

2023 年第一季度报告 证券代码：600738 证券简称：丽尚国潮 兰州丽尚国潮实业集团股份有限公司 2023 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法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第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 2023 年第一季度报告 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | --- | --- | --- | --- | | | | | 末增减变动幅度(%) | | 总资产 | 3,741,876,068.54 | 3,659,755,735.26 | 2.24 | | 归属于上市公司股东的所有者 | 1,934,504,993.78 | 1,911,731,236.81 | ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 86,311,769 in 2022, with an undistributed profit at the beginning of the year of RMB 584,830,153.92[4] - The company proposed not to distribute cash dividends or bonus shares for the year 2022, retaining a total distributable profit of RMB 595,872,053.20 as of December 31, 2022[4] - The company has reported a statutory surplus reserve of RMB 22,700,413.20 for the year 2022[4] - The company achieved operating revenue of CNY 756.42 million in 2022, representing a year-on-year increase of 17.70%[22] - Net profit attributable to shareholders decreased by 44.25% to CNY 86.31 million in 2022[22] - Basic earnings per share fell by 47.62% to CNY 0.11 in 2022[23] - The company provided rent reductions and exemptions totaling CNY 82.39 million, which negatively impacted operating revenue by CNY 73.46 million and net profit by CNY 57.32 million[31] - Excluding the impact of rent reductions, the adjusted operating revenue would be CNY 829.88 million, reflecting a growth of 29.13%[31] - The total assets of the company increased by 4.13% to CNY 3.66 billion at the end of 2022[22] - The net assets attributable to shareholders rose by 3.92% to CNY 1.91 billion at the end of 2022[22] - The cash flow from operating activities was CNY 183.11 million, a decrease of 4.68% compared to the previous year[22] Risk Management and Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5] - The company has detailed potential risks in the management discussion and analysis section of the report[6] - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[6] - The company has not violated decision-making procedures for external guarantees[6] - The company has established a risk management framework, although no specific risks were reported during the period[118] - The company is addressing cross-regional management risks by implementing strict internal controls and centralized management practices for its subsidiaries[90] - The company has established a robust internal control system to enhance governance and protect the interests of investors, particularly small and medium-sized investors[134] - The company strictly adhered to information disclosure obligations, ensuring transparency and preventing insider trading incidents during the reporting period[96] - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[112] Digital Transformation and Innovation - The company is focusing on digital transformation and enhancing property management systems to improve operational efficiency[31] - The company is enhancing its digital transformation by collaborating with big data BI and analytics platform providers, aiming to improve digital decision-making and operational efficiency through various digital projects[34] - The company is committed to digital transformation, aiming to build a unified, intelligent, and efficient digital platform to improve management efficiency and decision-making capabilities[85] - The company is exploring partnerships with tech firms to leverage AI technologies, aiming to integrate these solutions into existing products by 2024[101] Market Strategy and Business Development - The company is expanding its new retail business by focusing on high-potential products in cosmetics, imported foods, and fashion, leveraging partnerships with major e-commerce platforms like Tmall International and JD International[35] - The company plans to shift its focus to Hangzhou, utilizing its geographical advantages to integrate online and offline operations and expand its new retail industry chain[49] - The company plans to aggressively expand its new retail business, focusing on high-repurchase categories such as beauty, food, and trendy toys, while enhancing supply chain management and brand partnerships[84] - The professional market sector is facing challenges due to a sluggish economic environment, but there are opportunities for growth through digital innovation and international market expansion[42] Employee Engagement and Corporate Culture - The company launched an employee stock ownership plan to motivate core staff and improve overall team performance and retention[39] - The company has a training program that includes new employee training, management training, and professional skills training to enhance employee capabilities[121] - The company emphasizes the importance of performance evaluations, linking employee bonuses to individual contributions and overall company performance[119] - The company has approved a plan for employee stock ownership in 2022 to enhance employee engagement and retention[119] Shareholder and Financial Policies - The company has a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring clear standards and decision-making processes[128] - The company is committed to maintaining a stable and scientific return to all shareholders while considering the actual needs of its business development[127] - The board of directors and independent directors engaged in thorough discussions regarding the profit distribution plan, ensuring that minority shareholders' rights are protected[125] - The company is required to provide detailed explanations if it does not propose a cash profit distribution plan despite having positive distributable profits[129] Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3] - The internal control management system was audited by Tianjian Accounting Firm, which found no significant deficiencies and issued a standard unqualified opinion[136] - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022[180] - The company has conducted five meetings of the audit committee during the reporting period, focusing on financial reports and internal control evaluations[116] Social Responsibility and Community Engagement - The company made a total donation of 53,100 CNY for community support, including 5,000 CNY to assist veterans[140] - A total of 378 employees participated in voluntary blood donation activities during the reporting period[140] - The company has not disclosed a separate social responsibility or ESG report[139] Share Structure and Ownership - The company canceled 12,129,240 repurchased shares, reducing total shares from 773,464,476 to 761,335,236[160] - The proportion of shares held by the controlling shareholder, Yuanming Holdings, increased from 20.00% to 20.32% after the share cancellation[162] - The total number of ordinary shareholders increased from 19,687 to 19,919 during the reporting period[163] - The largest shareholder, Honglou Group Limited, reduced its holdings by 106,009,100 shares, holding a total of 174,685,708 shares, representing 22.94% of the total shares[165]

Financial Performance - The company's operating revenue for Q3 2022 was ¥192,699,596.78, representing a year-on-year increase of 1.20%[4] - The net profit attributable to shareholders was -¥35,325,494.49, a decrease of 158.99% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,717,141.04, down 80.55% year-on-year[4] - The basic earnings per share for the current period was -¥0.047, a decline of 161.04% compared to the previous year[5] - The company reported a loss of -¥47,042,635.53 from non-recurring gains and losses for the current period[7] - The decline in net profit was primarily due to fair value losses from Lanzhou Bank, impacting the overall financial performance[8] - The company experienced a revenue increase of ¥63,089,200 due to new retail business developments, despite challenges from pandemic-related rent reductions[8] - The company reported a year-on-year increase of 6.79% in professional market management business revenue, and a net profit increase of 3.92% after excluding the impact of rent reductions[15] - The company reported a decrease in basic earnings per share to CNY 0.163 in Q3 2022 from CNY 0.171 in Q3 2021[24] - The company's net profit for Q3 2022 reached CNY 98,944,156.20, a significant increase compared to CNY 1,049,653.17 in Q3 2021, reflecting a growth of approximately 9,400%[33] - Operating profit for Q3 2022 was CNY 98,945,270.92, compared to CNY 1,049,619.62 in the same period last year, indicating a substantial improvement[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,860,022,231.17, an increase of 9.83% from the end of the previous year[5] - The company's total liabilities increased to CNY 1,916,734,450.79 in Q3 2022, compared to CNY 1,672,583,934.51 in Q3 2021, reflecting a growth of 14.6%[20] - The total equity attributable to shareholders reached CNY 1,941,617,603.00, up 5.5% from CNY 1,839,587,600.33 year-over-year[20] - The company's total assets reached CNY 3,860,022,231.17 in Q3 2022, up from CNY 3,514,469,249.67 in Q3 2021, indicating a growth of 9.8%[20] - The company's total current assets reached RMB 723.89 million, up from RMB 404.77 million in the previous year[18] - The company's long-term borrowings increased significantly to CNY 787,970,000.00 in Q3 2022, compared to CNY 446,670,000.00 in Q3 2021, marking a rise of 76.3%[20] - Total liabilities increased to CNY 1,085,042,527.07 in Q3 2022 from CNY 885,313,344.87 in Q3 2021, marking an increase of approximately 22.6%[31] - The company's total equity reached CNY 1,893,201,664.41 as of September 30, 2022, compared to CNY 1,814,556,804.73 in the previous year, indicating a growth of about 4.3%[31] Cash Flow - The cash flow from operating activities for the year-to-date was ¥116,372,204.82, showing a significant increase of 3,745.26%[4] - Operating cash flow for the first three quarters of 2022 reached CNY 116,372,204.82, a significant increase from CNY 3,026,377.85 in the same period of 2021, reflecting a growth of over 3,800%[26] - Total cash inflow from operating activities was CNY 992,757,410.69, compared to CNY 803,194,415.32 in the previous year, indicating a year-on-year increase of approximately 23.6%[26] - The net cash flow from investment activities was -CNY 37,948,928.73, an improvement from -CNY 324,265,538.39 in the same period of 2021, showing a reduction in cash outflow by about 88.3%[27] - Cash and cash equivalents at the end of Q3 2022 totaled CNY 409,412,431.24, up from CNY 195,651,693.21 at the end of Q3 2021, representing an increase of approximately 109%[27] - Cash flow from financing activities showed a net increase of CNY 201,720,530.69 in 2022, compared to a net outflow of -CNY 56,238,342.88 in 2021, indicating a turnaround in financing activities[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,667[10] - The company holds 52,603,900 shares of Lanzhou Bank, valued at RMB 211.99 million as of September 30, 2022, with a cumulative fair value change gain of RMB 95.91 million for the first nine months of 2022, including a loss of RMB 46.82 million in the current reporting period[13] Business Developments - The company implemented rent reduction and exemption policies for small and micro businesses, which cumulatively impacted operating revenue by RMB 63.09 million and reduced net profit by RMB 47.32 million[15] - The company reported a significant increase in new retail business revenue, achieving a total of RMB 226.96 million in the first nine months of 2022, with cross-border business contributing RMB 163.61 million and domestic supply chain business contributing RMB 63.34 million[14]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 432.23 million, representing a 42.41% increase compared to RMB 303.50 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was RMB 157.60 million, a significant increase of 118.62% from RMB 72.09 million year-on-year[17]. - Basic earnings per share increased by 125.81% to CNY 0.210 compared to the same period last year[19]. - Diluted earnings per share rose by 119.35% to CNY 0.204 year-on-year[19]. - The weighted average return on equity increased by 4.03 percentage points to 8.22%[19]. - The net profit attributable to shareholders decreased by 14.69% after excluding non-recurring gains and losses, primarily due to rental relief measures totaling CNY 62.98 million[19]. - The company achieved a revenue of 432.23 million yuan, representing a year-on-year growth of 42.41%[31]. - The net profit attributable to shareholders reached 157.60 million yuan, with a significant year-on-year increase of 118.62%[31]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at RMB -40.38 million, a decline of 193.24% from RMB 43.31 million in the same period last year[18]. - The total assets at the end of the reporting period were RMB 3.74 billion, reflecting a 6.31% increase from RMB 3.51 billion at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were RMB 1.99 billion, an increase of 8.57% from RMB 1.84 billion at the end of the previous year[18]. - The company's financial expenses rose by 68.06% to 21,683,656.03 RMB, attributed to increased bank financing costs[40]. - The total liabilities reached CNY 1,736,428,850.81, up from CNY 1,672,583,934.51, reflecting a growth of approximately 3.8%[89]. - Owner's equity increased to CNY 1,999,728,681.97 from CNY 1,841,885,315.16, marking an increase of around 8.5%[89]. - The total current assets reached ¥578,979,489.49, up from ¥404,766,353.54, indicating a growth of approximately 43.1%[86]. Business Operations and Strategy - The company operates two professional markets in Hangzhou and Nanjing, focusing on wholesale market management and property services[24]. - The company is focusing on expanding its new retail business, leveraging online and offline integration to capture new consumer trends[36]. - The company's new retail business achieved revenue of 169 million RMB during the reporting period[37]. - The company plans to expand its sales channels by collaborating with platforms like Douyin and Kuaishou to enhance its new retail ecosystem[37]. - The company provided rental relief of CNY 47.24 million to small and micro businesses affected by the pandemic[19]. - The professional market management segment saw a revenue growth of 6.71% after excluding the impact of rent reductions[34]. Shareholder and Governance Matters - The company plans to distribute a cash dividend of RMB 0.70 per 10 shares, subject to shareholder approval[4]. - There was a change in the board of directors, with Wu Qunliang elected as a new director, replacing Ji Xiaoli who resigned[56]. - The company has not reported any risks or other significant disclosures that could impact its operations[53]. - The company has maintained a good integrity status during the reporting period, with no significant debts due that remain unpaid[66]. - The company has committed to ensuring that non-circulating shareholders repay the advance payment of 3,674,343 shares made by Honglou Group and Minfo Group for the stock reform[65]. Compliance and Regulatory Matters - The report has not been audited, but the management has confirmed its accuracy and completeness[5]. - The company has not disclosed any significant environmental impact or penalties related to environmental issues, indicating compliance with environmental regulations[62]. - The company has not reported any penalties or corrective actions related to violations of laws or regulations during the reporting period[66]. - The company has ensured that related transactions are conducted fairly and legally, adhering to relevant laws and regulations[65]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations in the next 12 months[120]. - The company adheres to the accounting standards for enterprises, ensuring that its financial reports accurately reflect its financial position and operating results[122]. - The company has specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition tailored to its operational characteristics[121]. - The company recognizes revenue based on the progress of performance obligations, confirming revenue at a point in time when control of goods or services is transferred to the customer[182]. - The company applies a fair value measurement for non-monetary government grants, or nominal value if fair value cannot be reliably obtained[188].

Financial Performance - The company's operating revenue for Q1 2022 was ¥219,970,984, representing a year-on-year increase of 30.98%[3] - Net profit attributable to shareholders reached ¥229,922,112.93, a significant increase of 422.59% compared to the same period last year[3] - The basic earnings per share increased to ¥0.306, reflecting a growth of 437.12%[3] - The net profit for Q1 2022 was CNY 229,633,350.92, compared to CNY 43,996,908.13 in Q1 2021, representing a significant increase[19] - The total comprehensive income for Q1 2022 was CNY 229,633,350.92, compared to CNY 43,996,908.13 in Q1 2021, indicating a strong performance[20] - The company's net profit for Q1 2022 was CNY 201,316,922.00, a significant recovery from a net loss of CNY 441,787.82 in Q1 2021[30] Operating Costs and Expenses - Total operating costs for Q1 2022 were 179.75 million RMB, compared to 102.54 million RMB in Q1 2021, indicating a significant increase in costs[18] - The company incurred total operating expenses of CNY 378,893,053.83 in Q1 2022, compared to CNY 289,712,459.88 in Q1 2021, marking an increase of approximately 30.8%[24] - The company's total operating expenses in Q1 2022 were CNY 832,504.41, slightly up from CNY 830,876.59 in Q1 2021, indicating stable operational costs[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥33,341,598.37, a decline of 185.29% year-on-year[3] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 268,022,211.69, a decrease from CNY 550,920,262.78 at the end of Q1 2021[25] - Operating cash flow for Q1 2022 was negative at CNY -765,009.23, compared to CNY -685,230.10 in Q1 2021, indicating continued cash flow challenges[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,863,983,951.33, up 9.95% from the end of the previous year[4] - The company's total liabilities amounted to approximately 1.79 billion RMB as of March 31, 2022, compared to 1.67 billion RMB at the end of 2021[16] - The total liabilities amounted to CNY 885,267,100.54 in Q1 2022, slightly down from CNY 885,313,344.87 in Q1 2021[28] Equity and Shareholder Information - The total equity attributable to shareholders increased by 12.50% to ¥2,069,509,713.25 compared to the end of the previous year[4] - The company's equity attributable to shareholders was approximately 2.07 billion RMB as of March 31, 2022, compared to 1.84 billion RMB at the end of 2021[17] - The company's equity increased to CNY 2,015,873,726.73 in Q1 2022, compared to CNY 1,814,556,804.73 in Q1 2021, reflecting a growth of approximately 11.1%[28] Non-Recurring Gains and Other Income - The company reported a non-recurring gain of ¥203,155,181.63, primarily from fair value changes of financial assets[5] - The company provided rent reductions and exemptions totaling 20.46 million RMB in Hangzhou and 6.67 million RMB in Nanjing to support small and micro businesses, resulting in a net profit growth of 22.25% after excluding non-recurring gains and losses[12] - The company reported other income of CNY 3,576.54 in Q1 2022, a decrease from CNY 391,201.43 in Q1 2021, indicating a decline in additional revenue sources[30] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY -11,669,492.42, an improvement from CNY -53,121,477.20 in the same period last year[24] - The company raised CNY 270,200,000.00 through borrowings in Q1 2022, contributing to a net cash inflow from financing activities of CNY 183,971,692.85[25] Market and Business Performance - The company's new retail business achieved a significant revenue of 69.76 million RMB, with cross-border business contributing 50.49 million RMB and domestic supply chain business contributing 19.27 million RMB[12]

Financial Performance - The company achieved a net profit attributable to the parent company of ¥154,818,674.73 in 2021, with an undistributed profit at the beginning of the year of ¥444,003,974.97[6] - The company plans to allocate a total distributable profit of ¥584,830,153.92 as of December 31, 2021, with no cash dividends or stock bonuses proposed for the year[6] - The company has reported a statutory surplus reserve of ¥13,992,495.78 for the year[6] - The company achieved operating revenue of CNY 642.67 million in 2021, representing a year-on-year growth of 7.23%[20] - The net profit attributable to shareholders was CNY 154.82 million, a significant increase of 78.65% compared to 2020[20] - The basic earnings per share rose to CNY 0.206, reflecting an increase of 83.93% year-on-year[21] - The net profit after deducting non-recurring gains was CNY 157.29 million, marking a 76.14% increase from the previous year[20] - The company reported a weighted average return on equity of 8.79%, an increase of 3.51 percentage points compared to 2020[21] Cash Flow and Assets - The net cash flow from operating activities reached CNY 192.10 million, a substantial recovery from a negative cash flow in 2020[20] - The company's total assets at the end of 2021 were CNY 3.51 billion, up 5.06% from the previous year[20] - The cash flow from operating activities showed a significant improvement, with a net cash flow of 192.10 million RMB compared to a negative cash flow in the previous year[48] - The total cash and cash equivalents at the end of the period was CNY 129.1 million, down 77.48% from the beginning balance[57] - The company’s cash and cash equivalents decreased to ¥147,200,671.64 in 2021 from ¥597,822,737.75 in 2020, a decline of approximately 75.3%[197] Market and Business Strategy - The company plans to continue its strategic transformation towards new retail and consumption sectors while maintaining its traditional business[30] - The company is focusing on new retail and new consumption strategies, particularly in the women's consumption market and the new domestic goods sector[36] - The company is actively exploring digital transformation opportunities in response to changing consumer habits accelerated by the COVID-19 pandemic[42] - The company is focusing on expanding its new retail business and enhancing its core competitiveness in professional market management and retail sectors[44] - The company plans to leverage its location advantage in Hangzhou to integrate online and offline operations and expand its new retail supply chain[44] Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[7] - The company has detailed potential risks in the management discussion and analysis section of the report[8] - The company faces market operational risks due to competition from large shopping malls, supermarkets, and e-commerce platforms, which may impact consumer purchasing behavior[79] - The ongoing pandemic poses external uncertainties that could affect global market trade, with the potential for prolonged and fluctuating conditions[79] Governance and Management - The company has provided a standard unqualified audit report from Tianjian Accounting Firm[5] - The company has established a comprehensive internal control system to ensure compliance and safeguard assets, with no significant deficiencies reported during the period[125][126] - The company has implemented a competitive compensation policy linked to individual performance and overall economic indicators, with adjustments based on GDP growth and CPI[116] - The company has a structured approach to executive compensation, linking it to overall business performance and individual contributions[98] - The company has undergone significant management changes, with multiple key personnel resigning and new appointments made[100] Shareholder Information - The total number of shares held by the chairman and directors remained unchanged at 41,719,937 shares, with no increase or decrease during the reporting period[88] - The total number of shares increased from 773,464,476 to 772,795,436, with a net change of +32,327,763 shares, representing an increase of 4.18%[159] - The number of shareholders increased from 23,642 to 25,269, indicating a growth of approximately 6.9% in the shareholder base[164] - The top shareholder, Honglou Group Co., Ltd., holds 280,694,808 shares, representing 36.29% of total shares, with 199,350,000 shares pledged[166] External Investments and Assets - The company has invested a total of 10,038.7 million CNY in new business ventures through its subsidiary, focusing on supply chain systems, retail channels, and skincare products[66] - The company’s external investments amounted to CNY 249.71 million, accounting for 7.11% of total assets[185] - The book value of investment properties and fixed assets was CNY 1,124.76 million, representing 69.46% of total assets[186] Social Responsibility and Community Engagement - The company provided rental fee discounts totaling 2.4142 million yuan to support small merchants during the pandemic, stabilizing their operations[133] - In December 2021, the company raised 12,945 yuan through a charity event, promoting social responsibility and community support[134] - The company has committed to reducing carbon emissions by gradually phasing out high-energy-consuming equipment and enhancing energy management[131]