Financial Performance - The company's operating revenue for 2019 was CNY 470,453,005.57, representing an increase of 8.91% compared to CNY 431,983,389.92 in 2018[19] - The net profit attributable to shareholders of the listed company was CNY 141,238,121.13, a growth of 26.60% from CNY 111,563,047.47 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 114,488,172.35, up by 10.79% from CNY 103,334,529.12 in 2018[20] - Basic earnings per share increased by 30.77% to CNY 0.34 compared to CNY 0.26 in the previous year[21] - The company's weighted average return on equity rose to 14.49%, an increase of 2.1 percentage points from 12.39% in 2018[21] - Total revenue for the fourth quarter reached CNY 145,011,878.96, with a net profit attributable to shareholders of CNY 53,504,871.03[23] - The sales revenue from the cigarette label business grew by 10.11% year-on-year, contributing to stable performance[30] - The pharmaceutical label segment achieved sales revenue of CNY 11.80 million, a year-on-year increase of 26.53%[31] - The total sales revenue from cigarette labels and related materials to Guizhou Zhongyan amounted to 436 million yuan, representing a year-on-year increase of 10.09%[42] - The revenue from pharmaceutical packaging products was 11.80 million yuan, showing a year-on-year increase of 26.53%[45] - The revenue from liquor packaging decreased by 13.96%, totaling 22.18 million yuan[45] - The company achieved a consolidated revenue of 470.45 million yuan, an increase of 8.91% year-on-year[47] - The net profit attributable to the parent company was 141.24 million yuan, reflecting a year-on-year growth of 26.60%[47] - Total revenue for the year was 470,453,005.57 CNY, representing an increase of 8.91% compared to the previous year[52] Cash Flow and Assets - The net cash flow from operating activities decreased by 55.81% to CNY 63,476,536.18 from CNY 143,637,531.58 in 2018[20] - The company reported a net cash flow from operating activities of CNY 42,564,773.66 in the fourth quarter[23] - Cash and cash equivalents at the end of the period amounted to ¥426.67 million, representing 36.32% of total assets, an increase of 2.70% from the previous period[63] - The company's accounts receivable balance at the end of the reporting period was 143.21 million yuan, an increase of 40.6% compared to the end of the previous year, primarily due to higher production value of cigarette labels in Q4[39] - The total assets at the end of 2019 were CNY 1,174,872,119.80, reflecting a 16.68% increase from CNY 1,006,890,386.56 at the end of 2018[20] - The net assets attributable to shareholders of the listed company increased by 10.38% to CNY 1,028,878,042.00 from CNY 932,125,094.17 in 2018[20] - The company's capital reserve decreased by 39.43 million yuan due to the repurchase and cancellation of company shares during the reporting period[40] - The company's construction in progress at the end of the period was 37.27 million yuan, an increase of 28.74 million yuan compared to the beginning of the year[40] - The total liabilities amounted to ¥94.53 million, which is 8.05% of total assets, up 35.55% from the previous period[63] - The company's equity increased by 15.28% to ¥1,080.34 million, accounting for 91.95% of total assets[63] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.2 per 10 shares to all shareholders[4] - The company plans to distribute cash dividends of at least 20% of the distributable profits for the year, with a minimum of 80% for mature companies without significant capital expenditure plans[96] - In 2019, the company reported a net profit attributable to ordinary shareholders of approximately ¥141.24 million, with a cash dividend distribution plan of ¥51 million, equating to ¥1.20 per 10 shares[103] - The cash dividend for 2019 accounted for 39.20% of the total cash dividends, with previous years showing 44.98% in 2018[105] - The company has a policy to prioritize cash dividends when conditions allow, with specific ratios based on the company's development stage and capital expenditure plans[96] - The company has committed to maintaining a stable and continuous profit distribution policy, balancing investor returns with sustainable development[96] - The board of directors must approve the profit distribution plan, requiring a majority of directors and two-thirds of independent directors' votes[99] - The company has implemented a cash buyback program, with ¥32.88 million counted as cash dividends for 2019, reflecting its commitment to returning value to shareholders[104] Research and Development - The company reported a significant increase in R&D expenses by 31.92%, totaling 20.35 million yuan, to enhance new product development[48] - The company has 69 R&D personnel, making up 11.15% of the total workforce[57] - The company designed and sampled 115 products, with 50 products being put into actual application during the reporting period[46] - The company aims to enhance its product line and risk management capabilities through technological innovation and mergers and acquisitions[78] - The company has implemented a policy of providing technical innovation rewards for R&D personnel and sales performance commissions for marketing staff[179] Market and Business Strategy - The company is focusing on diversifying its product offerings to reduce customer concentration risk[31] - The company has established long-term cooperative relationships with major domestic suppliers, ensuring a stable supply of raw materials[33] - The company has a significant market presence in the cigarette label printing industry, benefiting from a strong brand effect and competitive advantages in technology research and development[36] - The company has expanded its production capacity through technological upgrades and new equipment purchases, enhancing its ability to meet market demand[38] - The company is expanding its product line to reduce reliance on the tobacco industry and mitigate risks associated with stricter regulations and market competition[89] - The company aims to diversify its client base and reduce single-client risk by developing its second main business in the medical cannabis sector[79] - The company is actively developing new customer relationships in Europe and North America to establish a global supply network for its cannabis products[83] Environmental and Social Responsibility - The company’s wastewater discharge was 5,500 tons per year, well within the permitted limits[123] - The company’s air emissions were 3.36 kg per year, also compliant with the relevant standards[123] - The company has implemented effective measures for noise control, ensuring compliance with the industrial noise emission standards[126] - The company has successfully met the emission standards for volatile organic compounds (VOCs) in its operations[125] - The company has established an emergency response plan for environmental pollution incidents, which has been filed with local environmental protection departments[129] - The company conducts semi-annual monitoring of VOCs (volatile organic compounds) and non-methane total hydrocarbons from its production processes[135] - The company has a zero discharge policy for production wastewater, with monitoring conducted quarterly for various parameters including CODCr and BOD5[139] Corporate Governance - The company has established a modern corporate governance structure and improved its information disclosure system since its listing in December 2016[183] - The company confirmed that there were no significant deficiencies in internal control during the reporting period[188] - The company’s internal control evaluation report was approved by the board on April 17, 2020, and disclosed on April 20, 2020[187] - The company ensures the protection of all shareholders' rights, especially those of minority shareholders, during shareholder meetings[183] - The management of Yongji Co. is responsible for the fair presentation of financial statements in accordance with accounting standards[199] Shareholder Information - The total number of limited shares decreased by 480,000, resulting in a total of 194,964,000 limited shares, which is 46.52% of the total shares[145] - The total number of unrestricted shares decreased by 3,955,600, leading to a total of 224,110,400 unrestricted shares, which is 53.48% of the total shares[146] - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., holds 194,566,200 shares, representing 46.43% of the total shares[153] - The company has no reported strategic investors or general legal entities becoming top ten shareholders during the reporting period[157] - The controlling shareholder is Guizhou Yongji Real Estate Development, led by Chairman Deng Daixing[157] Employee and Management Information - The company has a total of 619 employees, with 391 in the parent company and 228 in major subsidiaries[178] - The employee composition includes 435 production personnel, 15 sales personnel, 50 technical personnel, 11 financial personnel, and 108 administrative personnel[178] - The total remuneration for all directors, supervisors, and senior management personnel amounted to CNY 4.055101 million[175] - The company has implemented a diversified salary system based on job performance, ensuring internal and external fairness in compensation[179] - The company aims to cultivate high-quality, professional teams through targeted training programs in collaboration with professional training institutions[180]

2020 年第一季度报告 公司代码：603058 公司简称：永吉股份 贵州永吉印务股份有限公司 2020 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2020 年第一季度报告 一、 重要提示 2020 年第一季度报告 单位：股 | 股东总数（户） | | | 13140 | | | | --- | --- | --- | --- | --- | --- | | 前十名股东持股情况 | | | | | | | 比例 股东名称（全称） | 期末持股 | 持有有限售 | | 质押或冻结情况 | 股东性 | | (%) | 数量 | 条件股份数 | 股份 | 数量 | 质 | | | | 量 | 状态 | | | | 贵州永吉房地产开发有 46.43 | 194,566,200 | 193,494,000 | 质押 | 135,810,000 | 境内非 国有法 | | 限责任公司 | | | | | 人 | | 贵州云商印务有限公司 11.10 | 46,504,000 | ...

Financial Performance - Net profit attributable to shareholders decreased by 2.38% to CNY 87,733,250.10 year-on-year[7] - Operating revenue for the first nine months rose by 4.00% to CNY 325,441,126.61 compared to the same period last year[7] - Total operating revenue for Q3 2019 reached ¥140,093,513.56, a significant increase from ¥94,758,636.52 in Q3 2018, representing a growth of approximately 47.8%[24] - Net profit for the first three quarters of 2019 was ¥104,024,504.33, compared to ¥102,739,913.39 in the same period of 2018, showing a slight increase of about 1.25%[25] - Net profit for Q3 2019 was ¥49,908,115.75, compared to ¥26,667,543.88 in Q3 2018, marking an increase of about 87.0%[27] - The total profit for Q3 2019 was ¥55,737,937.76, an increase from ¥33,285,270.74 in Q3 2018, representing a growth of about 67.0%[30] - The company reported a public value change gain of ¥17,984,851.29 in Q3 2019, compared to ¥11,713,926.58 in Q3 2018, representing an increase of approximately 53.5%[25] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥50,050,861.97, compared to ¥26,669,307.71 in Q3 2018, indicating an increase of approximately 87.6%[27] Assets and Liabilities - Total assets increased by 8.66% to CNY 1,094,041,157.93 compared to the end of the previous year[7] - Total current assets as of September 30, 2019, amounted to ¥646,594,712.24, an increase from ¥589,457,847.83 as of December 31, 2018, representing a growth of approximately 9.3%[16] - Total assets reached ¥1,094,041,157.93, up from ¥1,006,890,386.56, marking an increase of about 8.7%[18] - Total liabilities amounted to ¥70,779,222.98, slightly up from ¥69,738,129.70, showing a marginal increase of about 1.5%[17] - Total liabilities for Q3 2019 were ¥67,658,955.93, compared to ¥67,308,193.98 in Q3 2018, indicating a marginal increase of about 0.5%[22] - Shareholders' equity increased to ¥1,023,261,934.95 from ¥937,152,256.86, reflecting a growth of approximately 9.2%[18] - Shareholders' equity totaled ¥928,101,615.00 in Q3 2019, up from ¥897,164,174.09 in Q3 2018, reflecting an increase of approximately 3.5%[22] Cash Flow - Net cash flow from operating activities decreased significantly by 76.71% to CNY 20,911,762.52 compared to the previous year[7] - Cash flow from operating activities for the first nine months of 2019 was ¥20.91 million, a significant decline of 76.7% compared to ¥89.80 million in the same period of 2018[33] - The company reported a net cash outflow from financing activities of ¥39.04 million in the first nine months of 2019, compared to a net outflow of ¥12.77 million in the same period of 2018[37] - The total cash inflow from financing activities for the first nine months of 2019 was ¥46.92 million, significantly higher than ¥12.62 million in the same period of 2018, marking an increase of 271.5%[34] - Cash and cash equivalents were reported at ¥243,498,893.38, down from ¥415,450,029.34, indicating a decrease of about 41.3%[15] - Cash and cash equivalents at the end of the third quarter of 2019 stood at ¥238.83 million, down from ¥293.15 million at the end of the same period in 2018, a decrease of 18.5%[34] Accounts Receivable and Inventory - Accounts receivable increased by 52% to CNY 154,769,900 due to increased orders from a major client[11] - Accounts receivable increased to ¥154,769,934.67 from ¥101,825,462.12, reflecting a significant rise of about 52%[16] - Inventory decreased to ¥56,580,466.19 from ¥64,208,577.93, indicating a decline of approximately 11.3%[16] - Inventory levels were recorded at RMB 64,208,577.93, which may impact future cash flow[39] Investments and Expenses - The company has invested ¥35,304,881.77 in construction projects, a significant increase from ¥8,525,149.10, representing a growth of approximately 313%[16] - Research and development expenses for Q3 2019 were reported at ¥9,679,249.20, compared to ¥8,149,537.49 in Q3 2018, indicating an increase of about 18.8%[25] - The company’s investment in fixed assets and other long-term assets amounted to ¥39.31 million in the third quarter of 2019, down from ¥46.16 million in the same period of 2018, reflecting a decrease of 14.5%[34] Shareholder Information - The number of shareholders reached 14,620 by the end of the reporting period[9] - Basic earnings per share for Q3 2019 were ¥0.12, up from ¥0.06 in Q3 2018, indicating a 100% increase[28] - Basic earnings per share for the third quarter of 2019 were ¥0.19, up from ¥0.11 in the previous quarter, indicating a growth of 72.7%[31] Strategic Initiatives - The company plans to continue focusing on expanding its client base and enhancing operational efficiency[12] - Future outlook and strategic initiatives were not explicitly mentioned in the provided content, but the significant growth in revenue and profit suggests potential for market expansion and new product development[30]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 185.35 million, a decrease of 15.04% compared to CNY 218.16 million in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 37.68 million, down 40.38% from CNY 63.21 million in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 42.72 million, a decrease of 27.79% from CNY 59.16 million in the same period last year[17]. - The net cash flow from operating activities was CNY 22.59 million, down 32.07% from CNY 33.25 million in the previous year[17]. - The company reported a total of 423,510,000 shares outstanding, with a decrease of 4,735,600 shares due to a buyback program, resulting in 419,074,400 shares post-adjustment[76]. - The company’s total equity as of the end of the first half of 2019 was CNY 881,171,316.79, down from CNY 897,164,174.09 at the end of 2018[98]. - The company reported a total comprehensive income of CNY 63,206,142.66 for the current period, contributing to an overall equity increase[114]. Revenue Sources and Business Operations - The company experienced a significant decline in revenue from its liquor box business, generating only CNY 3.79 million compared to CNY 20.75 million in the same period last year due to product structure adjustments by a major client[19]. - The company has pre-delivered new tobacco product A worth approximately CNY 14 million (excluding tax), which is expected to generate sales revenue in the second half of the year[19]. - Sales revenue from tobacco materials (including tobacco labels, frame paper, and aluminum foil paper) was 174 million yuan, a decrease of 15.06% year-on-year[35]. - The company is expanding into pharmaceutical and liquor packaging to diversify its revenue streams and reduce customer concentration risk[24]. - The company has established itself as the largest supplier of cigarette packaging in Guizhou Province, with a focus on high-margin cigarette label printing[23]. Investments and Financial Management - The company incurred a fair value loss of CNY 7.30 million from stock investments during the reporting period[19]. - The company has invested significantly in advanced printing technology and equipment, maintaining a competitive edge in the packaging industry[30]. - The company’s long-term equity investment balance was 47.17 million yuan, reflecting a slight increase due to the operational profits of the invested entity[42]. - The company is actively expanding into the cultural, education, and health industries to enhance its overall strength and influence, with investments in nine projects during the reporting period[36]. Environmental Compliance and Safety - The company adheres to environmental regulations, with wastewater and emissions treated to meet national standards, ensuring no exceedance of pollution limits during the reporting period[55]. - The company has established two liquid storage tanks for the collection and disposal of production wastewater, ensuring all wastewater is treated by qualified units[56]. - The company generates hazardous waste, including 6,650 kg/a of waste ink cartridges and 9,994.75 kg/a of waste ink residue, which are stored in a hazardous waste storage area for regular disposal[58]. - The company has obtained the "Pollutant Discharge Permit" from the Guizhou Provincial Environmental Protection Bureau, ensuring compliance with environmental regulations[59]. - The company has implemented a comprehensive emergency response plan for environmental pollution incidents, including a dedicated leadership team for emergency management[60]. Shareholder and Equity Information - The company did not distribute any dividends or bonus shares for the half-year period, with a profit distribution plan indicating zero shares or cash per 10 shares[46]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, with a lock-up period extending if stock prices fall below the IPO price[49]. - The largest shareholder, Guizhou Yongji Real Estate Development Co., holds 194,566,200 shares, representing 46.43% of total shares, with 193,494,000 shares pledged[81]. - The total number of restricted shares available for trading is 193,494,000, with the first trading date set for December 23, 2019[82]. Research and Development - The company developed 35 new product designs during the reporting period, with 17 products applied in actual production, reflecting a commitment to technological innovation[35]. - The company has established a research and design center project using raised funds, which is now operational, and has completed the MES smart factory management system[35]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[126]. - The company includes all subsidiaries in its consolidated financial statements, ensuring uniform accounting policies and periods[135]. - The company recognizes expected credit losses for financial assets measured at amortized cost and fair value through other comprehensive income based on past events, current conditions, and forecasts of future economic conditions[150].

Financial Performance - Operating revenue decreased by 17.41% to CNY 97,537,482.33 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 32.40% to CNY 24,350,081.56 compared to the same period last year[7] - The basic earnings per share decreased by 33.33% to CNY 0.06 compared to the same period last year[7] - Total operating revenue for Q1 2019 was CNY 97,537,482.33, a decrease of 17.4% compared to CNY 118,103,512.19 in Q1 2018[24] - Net profit for Q1 2019 was CNY 24,253,457.62, a decline of 32.6% from CNY 36,043,297.94 in Q1 2018[25] - Earnings per share for Q1 2019 was CNY 0.06, compared to CNY 0.09 in Q1 2018[26] - The net profit for Q1 2019 was CNY 20,064,892.23, a decrease of 44.3% compared to CNY 35,967,521.65 in Q1 2018[29] - Operating profit for Q1 2019 was CNY 23,765,414.72, down from CNY 42,032,614.11 in the same period last year, representing a decline of 43.6%[29] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 13,616,752.35, a decrease of 226.98% compared to the same period last year[7] - Cash flow from operating activities for Q1 2019 was negative at CNY -13,616,752.35, compared to a positive CNY 10,723,338.68 in Q1 2018[32] - Total cash inflow from operating activities was CNY 36,550,355.57, significantly lower than CNY 79,308,321.67 in Q1 2018, indicating a decrease of 53.9%[32] - Cash outflow from operating activities totaled CNY 50,167,107.92, down from CNY 68,584,982.99 in the previous year, a reduction of 26.9%[32] - The ending cash and cash equivalents balance for Q1 2019 was CNY 292,840,229.46, down from CNY 402,585,874.20 at the beginning of the period[34] - The company's cash and cash equivalents decreased to ¥292.84 million from ¥415.45 million at the end of 2018, representing a decline of approximately 29.5%[16] Assets and Liabilities - Total assets increased by 4.45% to CNY 1,051,701,681.95 compared to the end of the previous year[7] - Total assets as of the end of Q1 2019 were CNY 950,362,573.13, slightly down from CNY 964,472,368.07 at the end of Q1 2018[22] - The total liabilities of the company were ¥73.71 million, up from ¥69.74 million, marking an increase of approximately 5.7%[18] - Total liabilities for Q1 2019 amounted to CNY 64,094,059.89, a decrease of 4.9% from CNY 67,308,193.98 in Q1 2018[22] - Owner's equity totaled CNY 886,268,513.24 in Q1 2019, down from CNY 897,164,174.09 in Q1 2018[22] - The company's equity attributable to shareholders decreased to ¥925.73 million from ¥932.13 million, a decline of about 0.7%[18] Shareholder Actions - The company repurchased and canceled 4,735,600 shares of public stock, reducing the total share capital from 423,510,000 shares to 419,074,400 shares[11] - The company repurchased a total of 4.7356 million shares, accounting for 1.13% of the total share capital, with a total expenditure of approximately ¥50 million[13] Investments and Joint Ventures - The company established a joint venture, Guizhou Yongji Shenglong Packaging Co., Ltd., with a total investment of CNY 10 million, where Yongji New Materials holds 80%[12] - The company has initiated a partnership with Guangzhou Rundai Enterprise Management Co., Ltd. to establish a joint venture, although the agreement was later rescinded due to non-fulfillment of obligations by the counterparty[13] - The company plans to pursue legal action against the counterparty for breach of contract, with the outcome of the claims remaining uncertain[13] Other Financial Metrics - The weighted average return on equity decreased by 1.53 percentage points to 2.57%[7] - The company reported an investment income of CNY 1,029,654.91 in Q1 2019, down from CNY 3,033,757.89 in Q1 2018[25] - The company’s financial expenses for Q1 2019 showed a net income of CNY -1,593,678.79, compared to CNY -1,591,476.34 in Q1 2018[25] - The company reported a total cash outflow from investing activities of CNY 153,242,879.00, compared to CNY 230,801,315.90 in the previous year, indicating a decrease of 33.5%[34]

Financial Performance - The company's operating revenue for 2018 was CNY 431,983,389.92, representing a 29.10% increase compared to CNY 334,603,783.83 in 2017[20] - The net profit attributable to shareholders for 2018 was CNY 111,563,047.47, an increase of 18.91% from CNY 93,820,967.87 in the previous year[20] - The net cash flow from operating activities decreased by 13.20% to CNY 143,637,531.58 in 2018, down from CNY 165,474,115.86 in 2017[20] - The total assets at the end of 2018 were CNY 1,006,890,386.56, reflecting a 5.71% increase from CNY 952,468,682.36 at the end of 2017[20] - The basic earnings per share for 2018 was CNY 0.26, up 16.80% from CNY 0.2226 in 2017[21] - The weighted average return on equity increased to 12.39% in 2018, compared to 11.46% in 2017, marking an increase of 0.93 percentage points[21] - The net profit after deducting non-recurring gains and losses was CNY 103,334,529.12, which is a 21.84% increase from CNY 84,811,173.37 in 2017[20] Revenue Breakdown - In 2018, the company's total revenue was approximately 432.88 million RMB, with a quarterly breakdown of 118.10 million RMB (Q1), 100.05 million RMB (Q2), 94.76 million RMB (Q3), and 119.07 million RMB (Q4) [24] - The net profit attributable to shareholders for the year was approximately 111.56 million RMB, with quarterly figures of 36.02 million RMB (Q1), 27.19 million RMB (Q2), 26.67 million RMB (Q3), and 21.69 million RMB (Q4) [24] - The company's cash flow from operating activities totaled approximately 143.63 million RMB for the year, with significant quarterly contributions of 10.72 million RMB (Q1), 22.53 million RMB (Q2), 56.55 million RMB (Q3), and 53.83 million RMB (Q4) [24] Business Segments - The sales revenue from the cigarette label business increased by 22.50% year-on-year, contributing significantly to the company's stable performance [29] - The pharmaceutical label products generated sales revenue of approximately 9.33 million RMB, reflecting a year-on-year increase of 10.03% [30] - The wine label products achieved sales revenue of approximately 25.78 million RMB, marking a substantial year-on-year growth of 1,170.39% [30] - The company has established itself as the largest cigarette label supplier in Guizhou Province, benefiting from technological upgrades and market consolidation [29] - The company is expanding its product offerings into pharmaceutical and wine labels to diversify revenue sources and reduce customer concentration risk [30] Market Outlook - The global packaging printing market is projected to reach 286 billion USD by 2020, indicating strong growth potential for the industry [37] - The Chinese printing industry is expected to exceed 1.4 trillion RMB in total output value by the end of the 13th Five-Year Plan, highlighting ongoing growth opportunities [37] Cash Flow and Investments - The company’s cash flow from operating activities was 143.64 million yuan, a decrease of 13.20% year-on-year[48] - The net cash flow from investment activities increased significantly by 132.90% to ¥48,091,271.99, due to the recovery of principal from bank wealth management products[51] - The net cash flow from financing activities decreased by 56.76% to -¥30,929,944.86, mainly due to increased cash outflows from share buybacks[51] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[4] - The company faces risks from increasing competition and potential fluctuations in gross margins due to raw material price volatility and adjustments in procurement prices by tobacco enterprises[86] - The company plans to expand its product line and enhance its market presence in non-tobacco sectors to mitigate risks associated with the tobacco industry's tightening regulations[86] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[3] - The company has a cash dividend policy that mandates at least 20% of distributable profits to be distributed as cash dividends, with higher percentages for mature companies without major capital expenditures[90] - The company aims for a minimum cash dividend ratio of 80% during profit distribution if it is in a mature stage without significant capital expenditure plans[90] Corporate Governance - The company has established a structured decision-making process for profit distribution, involving the board of directors and independent directors[93] - The company has implemented changes in accounting policies as per the Ministry of Finance's notification, affecting the presentation of receivables and payables[101] - The company has established a modern corporate governance structure, adhering to relevant laws and regulations since its listing in December 2016[187] Environmental Responsibility - The company implemented a waste gas treatment system to manage volatile organic compounds (VOCs) and ensure compliance with environmental standards[121] - The company has committed to ongoing capital investment in educational resources in impoverished areas to improve access to quality education[119] - The company’s wastewater and waste gas treatment facilities are operating well and meet the required environmental discharge standards[124] Employee and Management - The company employed a total of 498 staff members, including 354 production personnel and 38 technical personnel[183] - The company has implemented a diversified compensation system based on job performance, ensuring internal and external fairness in salary levels[184] - The company aims to cultivate high-quality, professional teams through targeted training programs in collaboration with professional training institutions[185]

2018 年第三季度报告 公司代码：603058 公司简称：永吉股份 贵州永吉印务股份有限公司 2018 年第三季度报告 1 / 18 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 6 | 2018 年第三季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 邓代兴 | 董事长 | 因公出差 | 高翔 | | 段竞晖 | 独立董事 | 因公出差 | 王强 | 1.3 公司负责人邓代兴、主管会计工作负责人王忱及会计机构负责人（会计主管人员）吴秋桂保 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 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 | 998,0 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 218,156,018.42, an increase of 51.23% compared to CNY 144,250,134.85 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 63,206,142.66, reflecting a year-on-year growth of 56.07% from CNY 40,498,184.71[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 59,159,706.64, up 43.77% from CNY 41,147,443.00 in the previous year[20]. - Basic earnings per share increased by 55.25% to CNY 0.1492 from CNY 0.0961 in the same period last year[19]. - The company achieved a revenue of 218.156 million yuan in the first half of 2018, representing a year-on-year growth of 51.23%[41]. - The company reported a total current assets of RMB 591,030,607.09 as of June 30, 2018, a slight decrease from RMB 600,051,317.34 at the beginning of the period[109]. - The total profit for the period was CNY 74,652,149.21, which is a 59.5% increase from CNY 46,819,395.10 in the prior year[120]. - The company reported a net increase in equity of CNY 81,971,875.05 during the current period[135]. Cash Flow and Investments - The net cash flow from operating activities decreased by 11.13% to CNY 33,248,623.93, primarily due to increased cash payments to suppliers compared to the previous year[20]. - The company reported a significant increase in investment activity cash inflow, totaling CNY 413,598,208.73, compared to CNY 173,754,272.10 in the previous year[126]. - The net cash flow from investment activities was negative at CNY -99,336,529.06, worsening from CNY -54,782,214.90 in the same period last year[126]. - The company’s cash and cash equivalents decreased by 30.97% to RMB 175.09 million, representing 17.98% of total assets[49]. - The total cash inflow from operating activities was ¥160,897,525.75, up from ¥107,581,624.54, representing a growth of 49.5%[129]. - The total cash outflow for purchasing goods and services was ¥65,736,253.29, which is a significant increase from ¥18,024,213.15, reflecting a rise of 264.5%[129]. Assets and Liabilities - The company's total assets amounted to CNY 973,798,108.35, a 2.24% increase from CNY 952,468,682.36 in the previous year[18]. - The total liabilities decreased to ¥44,755,971.75 from ¥80,225,702.21, a reduction of 44.5%[117]. - The total non-current assets amounted to RMB 290,728,667.42, with fixed assets valued at RMB 221,841,073.99[110]. - The company’s inventory rose to RMB 65,070,654.41 from RMB 63,307,956.83, showing an increase of approximately 2.8%[110]. Shareholder Information - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. - The controlling shareholder committed to not transferring or entrusting the management of their shares for 36 months from the IPO date, which is until December 22, 2019[61]. - The total number of shares increased from 421,560,000 to 423,510,000, reflecting an increase of 1,950,000 shares due to the issuance of restricted stock[84]. - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., holds 193,494,000 shares, representing 45.69% of total shares, with 125,255,452 shares pledged[90]. Environmental Compliance - The company strictly adheres to the "three wastes" discharge standards, with total wastewater discharge controlled at 5,500 tons per year, significantly below the permitted 34,416 tons per year[67]. - The company reported no exceedance of emission limits for major pollutants, including VOCs emissions of 3.36 kg/year, which is below the permitted 4.92 kg/year[67]. - The company has implemented a zero discharge policy for production wastewater, which is treated and reused for landscaping[70]. - The company has established a dedicated monitoring team to ensure compliance with environmental standards and conducts regular internal environmental monitoring[78]. Corporate Governance - The company has maintained a stable management team with rich experience in the cigarette label production industry, ensuring effective decision-making[39]. - There were significant changes in the board, with multiple resignations and new appointments, including the election of Deng Daixing as the new chairman[102][103]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[94]. Accounting Policies - The company’s financial statements are prepared based on the going concern principle, indicating strong profitability without adverse effects on its operational capacity[151]. - The company’s accounting policies comply with the "Enterprise Accounting Standards," ensuring accurate reflection of financial status as of June 30, 2018[152]. - The company uses the weighted average method to determine the actual cost of inventory issued[166]. - The company recognizes estimated liabilities when there is a present obligation likely to result in an outflow of economic benefits, measured at the best estimate of required expenditure[192].

| 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2018 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 2018 年第一季度报告 公司代码：603058 公司简称：永吉股份 贵州永吉印务股份有限公司 2018 年第一季度报告 1 / 16 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -5,190.50 | | | 计入当期损益的政府补助，但与公 司正常经营业务密切相关，符合国 | 168,416.25 | | | 家政策规定、按照一定标准定额或 | | | | 定量持续享受的政府补助除外 | | | | 除上述各项之外的其他营业外收入 | -29,777.37 | | | 和支出 | | | | 所得税影响额 | -21,225.81 | | 3 / 16 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 996 ...

Financial Performance - The company's operating revenue for 2017 was CNY 334,603,783.83, representing a 2.03% increase compared to CNY 327,930,888.13 in 2016[23] - The net profit attributable to shareholders for 2017 was CNY 93,820,967.87, a slight increase of 0.09% from CNY 93,737,689.56 in 2016[23] - The net cash flow from operating activities increased by 70.35% to CNY 165,474,115.86 in 2017, compared to CNY 97,134,993.85 in 2016[23] - The total assets of the company at the end of 2017 were CNY 952,468,682.36, a 12.42% increase from CNY 847,242,404.57 at the end of 2016[23] - The net assets attributable to shareholders increased by 9.89% to CNY 854,976,893.42 at the end of 2017, compared to CNY 778,018,325.55 at the end of 2016[23] - The basic earnings per share for 2017 was CNY 0.2226, a slight increase from CNY 0.2224 in 2016[24] - The weighted average return on net assets decreased by 5.25 percentage points to 11.46% in 2017, down from 16.71% in 2016[24] - The company achieved a total of 9,009,794.50 in non-recurring gains, significantly impacting its overall profitability[28] - The company reported a net cash flow from operating activities of approximately 16.5 million RMB, a significant increase of 70.35% year-on-year[49] - The gross profit margin for the main business increased by 3.19 percentage points to 40.07%[53] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, totaling CNY 25,410,600.00, based on the distributable profits for 2017[4] - The remaining undistributed profits amount to CNY 201,792,488.21, which will be carried forward to future years[4] - The company’s profit distribution policy prioritizes cash dividends, with a minimum of 20% of distributable profits allocated for cash dividends[96] - The company plans to distribute cash dividends annually, with the possibility of mid-term dividends under certain conditions[99] - The company approved a cash dividend of 0.60 CNY per share for the year 2017, amounting to a total of 25,410,600 CNY distributed to shareholders[105] - In 2016, the cash dividend was set at 0.40 CNY per share, totaling 16,862,400 CNY, representing 17.99% of the net profit attributable to ordinary shareholders[105] - The company has a profit distribution policy that requires approval from more than half of the board and two-thirds of independent directors before submission to the shareholders' meeting[102] - The company actively seeks opinions from minority shareholders regarding dividend proposals and communicates through various channels before the shareholders' meeting[105] Investment and Acquisitions - The company acquired 100% equity of Guizhou Jinma Packaging Materials Co., Ltd. for ¥14,700,000.00, resulting in an increase in intangible assets by 92.34% to ¥23,096,381.58[36] - The company invested 95 million RMB to establish a venture capital partnership to support strategic upgrades and industry expansion[48] - The company completed the transfer of 19% equity in Wuhan Aite for 54,813,526.07 yuan, with the transaction finalized on January 4, 2018[79] - The company invested ¥95 million in establishing Shanghai Jianzheng Yongji Venture Capital Partnership, holding a 95% share in the partnership[181] Research and Development - The company’s R&D expenditure for the year was approximately 11 million RMB, reflecting a focus on innovation[51] - The company designed and sampled 31 products, with 25 being applied in actual production, reflecting its commitment to innovation[40] - The company plans to continue increasing R&D investment to enhance product development and innovation[64] Market Position and Strategy - The printing industry, particularly in tobacco packaging, showed stable growth, with the company capitalizing on structural adjustments in the market[33] - The company aims to enhance production equipment and process innovation to maintain its competitive edge in the increasingly fierce cigarette label market[84] - The company aims to become a benchmark in green printing and packaging in China, leveraging technology and market advantages to enhance its product line and service offerings[85] - The company continues to hold a leading position in the local market by leveraging opportunities from inventory reduction and structural adjustments in the tobacco industry[84] Social Responsibility - The company has actively engaged in poverty alleviation efforts, focusing on creating job opportunities for disabled individuals and migrant workers[126] - The company plans to continue its commitment to social responsibility by enhancing technical training for grassroots employees to improve their core competitiveness[126] - The company is committed to supporting the development of industries in impoverished areas as part of its social responsibility initiatives[126] - The company established the "Guizhou Yunya Public Welfare Education Center" to support 22 children from impoverished areas[132] - Future plans include vocational training for disadvantaged individuals and increasing support for left-behind children[131] Corporate Governance - The company has been compliant with relevant laws and regulations since its establishment in 1997 and has continuously improved its corporate governance structure[169] - The board of directors is elected in accordance with the company's articles of association, ensuring fairness and independence in the selection process[169] - The company has maintained a clear separation between itself and its controlling shareholder in terms of personnel, assets, finance, and business operations[169] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,835, a decrease from 22,716 at the end of the previous month[143] - The top ten shareholders held a total of 193,494,000 shares, representing 45.90% of the total shares, with 11,669,000 shares pledged[145] - Guizhou Yunshang Printing Co., Ltd. held 60,704,000 shares, accounting for 14.40% of the total shares, with no shares pledged[145] Audit and Compliance - The company received an unqualified audit opinion for its financial statements, affirming compliance with accounting standards[177] - The internal control evaluation report was approved by the board and disclosed on April 10, 2018[173] - The management is responsible for ensuring the financial statements reflect a true and fair view of the company's financial position[184]