2021 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 2021 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 | 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 | 贵州雄润印务有限公 | | | | | 境内非 | | --- | --- | --- | --- | --- | --- | | 司 | 12,966,356 | 3.09 | 0 | 无 | 国有法 | | | | | | | 人 | | 贵州圣泉实业发展有 | | | | | 境内非 | | 限公司 | 12,797,241 | 3.05 | 0 | 无 | 国有法 | | | | | | | 人 | | 刘伟 | 3,151,000 | 0.75 | 0 | 无 | 境内自 | | | | | | | 然人 | | 邓代兴 | 2,481,500 | 0.59 | ...

Financial Performance - The company's operating revenue for 2020 was CNY 438,812,562.48, a decrease of 6.73% compared to CNY 470,453,005.57 in 2019[21] - The net profit attributable to shareholders of the listed company was CNY 158,043,231.20, an increase of 11.90% from CNY 141,238,121.13 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,406,468.30, a decrease of 28.90% from CNY 114,488,172.35 in 2019[21] - The net cash flow from operating activities increased by 141.43% to CNY 153,253,110.57, compared to CNY 63,476,536.18 in 2019[21] - The total assets at the end of 2020 were CNY 1,515,686,686.30, representing a 29.01% increase from CNY 1,174,872,119.80 at the end of 2019[21] - The net assets attributable to shareholders of the listed company increased by 13.28% to CNY 1,165,464,455.98 from CNY 1,028,878,042.00 in 2019[21] - The company reported a consolidated operating income of 438,812,562.48 yuan, a decrease of 6.73% compared to the previous year, while total profit increased by 12.84% to 186,226,616.14 yuan[53] - The net profit attributable to the parent company was 158,043,231.20 yuan, reflecting an increase of 11.90% year-on-year, but the net profit after deducting non-recurring gains and losses decreased by 28.90% to 81,406,468.30 yuan[53] - The gross profit margin for the year was 36.36%, with a decrease of 3.88 percentage points compared to the previous year[58] - The company experienced a 6.73% decrease in overall revenue, with the printing and packaging sector contributing 434,092,149.58 yuan, down 7.73% year-on-year[58] Revenue Breakdown - The company achieved a sales revenue of 438.81 million yuan in 2020, a decrease of 6.73% compared to the previous year, primarily due to the impact of COVID-19 and a decline in product bidding prices[23] - The company’s revenue from cigarette label products reached 378 million yuan, providing stable performance returns[32] - The revenue from liquor label products increased by 95.26% to 43.31 million yuan, reflecting successful market expansion[32] - The revenue from pharmaceutical label products was 11.38 million yuan, a decrease of 3.57% year-on-year[33] - The revenue from the medical cannabis segment was 4,720,412.90 yuan, with a gross margin of 61.47%[58] - The company's wine label business saw a revenue increase of 95.26% year-on-year in 2020, with plans to capture 10% of the Guizhou wine label market within 3-5 years[85] Investments and Acquisitions - The company reported a goodwill value of 90.76 million yuan at the end of the reporting period, resulting from the acquisition of the Australian subsidiary Pijen (No22) Pty Ltd[23] - Long-term borrowings amounted to 100.74 million yuan, mainly due to loans taken for the acquisition of the Australian subsidiary[23] - The company has acquired a license for industrial hemp cultivation in Yunnan, expanding its operations in the industrial hemp sector[43] - The company completed an overseas acquisition of an Australian medical cannabis operator in 2020, positioning itself in the growing medical cannabis industry[92] - The company holds a 46.64% stake in Pijen No 22 Pty Ltd, which provides a 45% interest in Tasmanian Botanics Pty Ltd, enhancing its market position in the cannabis sector[44] Market Strategy and Future Plans - The company is optimistic about the future of the medical and industrial hemp industry, having acquired Australian companies to enhance its market position[31] - The company plans to steadily advance the cultivation and application research of industrial hemp, aiming to establish a significant scale in the hemp application industry to enhance profitability and market competitiveness[34] - The company plans to enhance its industrial hemp applications in consumer goods and fine chemicals domestically while advancing its investment projects in Tasmania[51] - The company aims to achieve an annual production target of 30 tons of medical cannabis dry flowers within 1-3 years as part of its new industry development plan[86] - The company plans to expand its cigarette label printing business into Hubei, Zhejiang, and Yunnan markets, aiming to increase order share gradually[83] Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6] - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[7] - The company has not violated decision-making procedures for providing guarantees[7] - The company has established a comprehensive emergency response plan for environmental pollution incidents, which has been filed with local environmental authorities[125] - The company has implemented strict measures for wastewater treatment, ensuring that all production wastewater is recycled and treated without external discharge[121] Environmental and Social Responsibility - The company has committed to enhancing its environmental protection measures and compliance with relevant regulations[120] - The company donated a total of 500,000 RMB to the Wuhan University of Technology Guizhou Alumni Association for educational support over ten years[115] - The company provided financial assistance to 22 impoverished students, totaling 50,000 RMB[117] - During the COVID-19 pandemic, the company donated 1,000,000 RMB to the Guizhou Red Cross for pandemic prevention efforts[119] - The company plans to continue its educational poverty alleviation efforts and industry support to consolidate poverty alleviation achievements[118] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,178, a decrease from 19,771 at the end of the previous month[144] - The top ten shareholders held a total of 194,566,200 shares, representing 46.43% of the total shares, with no shares under pledge or freeze[146] - The company released 735,000 restricted shares during the year, primarily due to the equity incentive plan[142] - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., held 194,566,200 shares, with no changes in the number of shares during the reporting period[146] Corporate Governance - The company has established a modern corporate governance structure and complies with relevant laws and regulations since its listing in December 2016[172] - The board of directors is elected in accordance with the company's articles of association, ensuring fairness and independence in the selection process[173] - The company has maintained a complete separation in personnel, assets, finance, and business operations from its controlling shareholder[172] Internal Controls and Auditing - The internal control audit report received a standard unqualified opinion[176] - The company confirmed that there were no significant deficiencies in internal control during the reporting period[176] - The management's assessment of goodwill impairment was identified as a key audit matter due to inherent uncertainties[183] - The company has implemented key internal controls related to revenue recognition, which were tested and evaluated[182]

1 / 24 | 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 | 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任 2020 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 2020 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人邓代兴、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 | 1,380,369,113.31 | 1,174 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 198,776,030.17, representing a year-on-year increase of 7.24% compared to CNY 185,347,613.05 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 78,716,249.84, a significant increase of 108.89% from CNY 37,682,388.13 in the previous year[19]. - The net cash flow from operating activities increased by 236.68%, amounting to CNY 76,045,590.38, compared to CNY 22,586,876.01 in the same period last year[19]. - Basic earnings per share for the first half of 2020 were CNY 0.19, reflecting a year-on-year growth of 111.11% from CNY 0.09[20]. - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 902.57% to CNY 59,599,371.89, attributed to cash inflows from acquisition loans[45]. - The total comprehensive income for the first half of 2020 was CNY 99,919,642.15, significantly higher than CNY 37,291,916.42 in the previous year[119]. Assets and Liabilities - Total assets increased by 12.94%, reaching CNY 1,326,954,922.99 compared to CNY 1,174,872,119.80 at the end of the previous year[19]. - The total liabilities as of the end of the reporting period were CNY 113,779,551.23, compared to CNY 89,255,193.35 at the end of the previous year, marking a 27.5% increase[116]. - The company reported a goodwill of CNY 85,982,651.00, resulting from mergers and acquisitions[49]. - The company reported a decrease in accounts receivable by 21.7%, from CNY 143.21 million at the beginning of the year to CNY 112.17 million at the end of the reporting period[35]. - Inventory increased by 9.0%, from CNY 70.22 million to CNY 76.54 million, with domestic printing and packaging inventory at CNY 60.65 million and overseas medical cannabis inventory at CNY 15.89 million[35]. Business Operations - The company maintained stable operations in its main business while increasing cash payments from major customers, leading to improved cash flow[20]. - The company's main business is the design, production, and sales of cigarette labels and other packaging printing products, achieving a stable market position in Guizhou Province[25]. - The company has established itself as the largest supplier of cigarette labels and paper packaging in Guizhou Province, with significant partnerships with major tobacco companies[26][33]. - The company operates on a "make-to-order" business model, aligning production with customer orders, which minimizes inventory risks[29]. - The company has expanded its product line to include pharmaceutical and wine labels, diversifying its business and reducing customer concentration risk[27][28]. Research and Development - The company maintained a stable R&D expenditure of CNY 9,499,534.19, focusing on new product and technology development[45]. - The company has invested in advanced printing technology and equipment, enhancing its competitive edge in the packaging industry[38]. - The company is actively developing industrial hemp applications in consumer goods and fine chemicals, with a focus on the Tasmanian Botanics Pty Ltd project[42][44]. Environmental Compliance - The company strictly adheres to the "three wastes" discharge standards, with wastewater discharge not exceeding the Class 3 limits of the "Comprehensive Discharge Standard for Wastewater" (GB8978-1996)[68]. - The company has implemented effective wastewater treatment measures, with all production and domestic wastewater being recycled and treated[69]. - The company generates hazardous waste, including 6,650 kg/a of waste ink cartridges and 1,950 kg/a of waste oil, which are properly stored and disposed of by qualified units[72]. - The company has established an emergency response plan for environmental pollution incidents, which has been filed with local environmental protection authorities[74]. Shareholder Information - The company reported a total of 419,074,400 shares outstanding, with 53.48% being unrestricted shares[92]. - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., holds 194,566,200 shares, accounting for 46.43% of total shares[99]. - The company has a total of 15,116 common stock shareholders as of the end of the reporting period[97]. - The number of restricted shares decreased by 735,000, while unrestricted shares increased by the same amount, reflecting a shift in shareholding structure[93]. Financial Reporting and Compliance - The financial statements were approved by the board of directors on August 20, 2020, ensuring compliance with relevant accounting standards[141]. - The company confirms that it has no adverse impact on its ability to continue as a going concern[144]. - The company includes all subsidiaries in its consolidated financial statements, ensuring uniform accounting policies[151]. Risk Management - There are no significant risks or warnings regarding potential losses or substantial changes in net profit compared to the previous year[58]. - The company has not faced any penalties or corrective actions from regulatory bodies during the reporting period[65].

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]