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]

Financial Performance - Net profit attributable to shareholders decreased by 3.57% to CNY 56,286,811.46 for the third quarter[7] - Operating revenue for the first nine months decreased by 0.94% to CNY 221,927,125.65 compared to the same period last year[6] - Basic earnings per share decreased by 22.2% to CNY 0.1379[7] - The weighted average return on net assets decreased by 4.99 percentage points to 7.27%[7] - Total revenue for the third quarter was CNY 77,676,990.80, an increase of 44.9% compared to CNY 53,597,003.09 in the same period last year[24] - Operating profit for the quarter reached CNY 20,622,791.78, up 28.5% from CNY 16,077,822.59 year-over-year[25] - Net profit attributable to the parent company was CNY 17,624,207.95, a decrease of 11.9% compared to CNY 19,999,218.38 in the previous year[25] - The total comprehensive income for Q3 2017 was CNY 16,976,245.39, compared to CNY 20,317,883.99 in the same period last year, indicating a decrease of 16.1%[31] - The company's operating profit for the first nine months of 2017 was CNY 65,859,024.48, slightly down from CNY 66,546,554.63 in the same period of 2016[30] - The total profit for Q3 2017 was CNY 20,082,005.69, a decrease of 15.5% from CNY 23,637,712.37 in Q3 2016[30] Assets and Liabilities - Total assets increased by 4.18% to CNY 882,690,327.95 compared to the end of the previous year[6] - Total assets as of September 30, 2017, amounted to RMB 882.69 million, an increase from RMB 847.24 million at the beginning of the year[20] - Current assets decreased from RMB 530.41 million at the beginning of the year to RMB 423.76 million by the end of the reporting period[18] - Total liabilities decreased from RMB 69.22 million to RMB 63.41 million, reflecting a reduction in financial obligations[19] - Total liabilities decreased to CNY 53,495,346.59 from CNY 64,622,561.48, a reduction of 17.2%[22] - Non-current assets increased significantly to CNY 495,522,453.14 from CNY 319,400,737.92, representing a growth of 55.2%[22] Cash Flow - Net cash flow from operating activities decreased by 15.93% to CNY 67,342,881.51 for the first nine months[6] - Cash flow from operating activities for the first nine months of 2017 was CNY 189,842,961.71, down from CNY 272,792,388.70 in the same period last year[32] - The cash flow from operating activities was impacted by a significant reduction in cash received from sales, which totaled ¥168,523,737.74 compared to ¥264,615,813.63 in the previous year, a decrease of approximately 36.3%[34] - The total cash inflow from operating activities was ¥170,916,881.17, down from ¥272,042,771.30 in the previous year, indicating a decline of approximately 37.1%[34] - The ending cash and cash equivalents balance was ¥96,227,782.07, down from ¥68,372,024.82 in the previous year, representing a decrease of approximately 40.7%[35] Shareholder Information - The total number of shareholders reached 7,269[12] - The largest shareholder, Guizhou Yongji Real Estate Co., Ltd., holds 45.9% of the shares[12] Investment Activities - The company reported a non-operating income of CNY 372,603.11 for the first nine months[11] - Long-term equity investments increased by RMB 102.01 million compared to the beginning of the year, primarily due to an investment of RMB 95 million in Shanghai Arrow Zheng Yongji Venture Capital Partnership in September 2017[14] - The company recorded an investment income of CNY 1,060,599.86, a decrease from CNY 1,778,190.99 in the previous year[25] - The company's investment income for Q3 2017 was CNY 1,060,599.86, down from CNY 1,778,190.99 in Q3 2016[30] - The company received ¥293,000,000.00 from other investment activities, a substantial increase from ¥55,344,972.86 in the previous year, representing an increase of approximately 429.5%[34] Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to expand its market presence and invest in new product development in the upcoming quarters[24]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 144,250,134.85, a decrease of 15.37% compared to CNY 170,442,014.12 in the same period last year[13]. - The net profit attributable to shareholders for the first half of 2017 was CNY 40,498,184.71, down 14.32% from CNY 47,264,742.50 in the previous year[13]. - The net cash flow from operating activities decreased by 36.70%, amounting to CNY 37,414,469.84 compared to CNY 59,102,538.74 in the same period last year[13]. - The basic and diluted earnings per share for the first half of 2017 were CNY 0.0961, a decrease of 22.87% from CNY 0.1246 in the previous year[15]. - The weighted average return on equity decreased to 5.13%, down 3.61 percentage points from 8.74% in the same period last year[15]. - The net profit after deducting non-recurring gains and losses decreased by 7.49% to CNY 41,147,443.00 compared to CNY 44,478,094.43 in the previous year[13]. - The company reported a non-recurring loss of 649,258.29 RMB, primarily due to other operating income and expenses[18]. - The company achieved operating revenue of ¥144,250,134.85, a decrease of 15.36% compared to the same period last year[30]. - Net profit attributable to shareholders was ¥40,498,184.71, down 14.31% year-on-year[30]. - The company reported a significant accounts receivable from Guizhou Zhongyan Industrial Co., Ltd. amounting to CNY 116,072,313.96, accounting for 96.67% of the total[184]. Assets and Liabilities - The net assets attributable to shareholders increased by 3.04% to CNY 801,654,110.26 from CNY 778,018,325.55 at the end of the previous year[14]. - Total assets increased by 1.83% to CNY 862,760,638.92 from CNY 847,242,404.57 at the end of the previous year[14]. - Total liabilities decreased to CNY 61,106,528.66 from CNY 69,224,079.02, a reduction of 11.5%[86]. - The total equity attributable to the parent company's owners at the end of the period was 421,560,000.00 RMB, an increase from 379,400,000.00 RMB at the end of the previous year, reflecting a growth of approximately 11.2%[106]. - The total liabilities and equity at the end of the period reached 1,200,000,000.00 RMB, indicating a stable financial position[106]. Market and Business Operations - The company attributed the decline in revenue and profits primarily to external market conditions affecting sales[16]. - The company's main business is the design, production, and sales of cigarette labels and other packaging printing products, establishing itself as a leading enterprise in the printing industry in Guizhou Province[20]. - In the first half of 2017, the company collaborated with Guizhou Tobacco to develop 9 new products, including "Long March (Journey)" and "Guiyan (Traveler)"[25]. - The company has a strong partnership with Guizhou Tobacco, being its largest supplier since 2007, which enhances its competitive advantage in the market[25]. - The total demand for packaging in the liquor and pharmaceutical industries in Guizhou Province is estimated to be around 8-16 billion RMB, indicating significant market potential[24]. - The company is actively expanding into the Yunnan market and has passed the supplier qualification assessment for Yunnan Tobacco, positioning itself for future supply opportunities[29]. - The printing industry, particularly cigarette label printing, is expected to see increased market concentration and potential consolidation opportunities in the coming years[23]. Investments and Research - The company invested ¥2,452,940.85 in R&D, focusing on new product development including the "Tian Chao Shang Pin" wine boxes[42]. - The company acquired 100% equity of Guizhou Jinma Packaging Materials Co., enhancing its product structure in tobacco packaging[30]. - The company reported an investment income of CNY 7,837,103.41, up from CNY 4,278,697.47, indicating a positive trend in investment performance[92]. - The company has invested in advanced printing equipment from countries like Germany, Italy, and Japan, improving its production capabilities and technology[26]. Cash Flow and Financial Management - Cash flow from operating activities decreased by 36.70% to ¥37,414,469.84, reflecting a decline in revenue[34]. - The company’s cash and cash equivalents decreased by 15.84% to ¥213,835,414.37 due to investments in financial products[44]. - The total cash inflow from investment activities was CNY 173,754,272.10, significantly higher than CNY 57,882,377.60 in the previous year, marking an increase of 200.5%[101]. - The total cash outflow from financing activities was CNY 22,883,597.01, compared to CNY 16,247,368.04 in the previous year, representing an increase of 40.5%[101]. - The company experienced a net decrease in cash and cash equivalents of CNY 70,231,625.31 during the first half of 2017, compared to an increase of CNY 36,165,283.94 in the previous year[101]. Governance and Compliance - The management team is experienced and stable, contributing to effective decision-making and governance within the company[27]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[2]. - There were no significant lawsuits or arbitration matters during the reporting period[58]. - The company did not experience any major accounting errors that required restatement during the reporting period[67]. - The company’s accounting policy was updated in accordance with the Ministry of Finance's announcement on May 10, 2017, but it did not affect profit or total assets[64]. - The company has not disclosed any major related party transactions during the reporting period[62]. Accounting Policies and Practices - The company’s accounting policies comply with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of its financial status[122]. - The company uses the aging analysis method to provision for bad debts, with a 5% provision for accounts receivable within 1 year, increasing to 100% for amounts over 5 years[137]. - The company recognizes fixed assets that are expected to provide economic benefits and have a useful life exceeding one accounting year[148]. - The company recognizes intangible assets at cost, including actual payments and related expenses for purchased assets, and development costs are capitalized if they meet certain criteria[154]. - The company recognizes deferred income from government grants related to long-term assets, which is amortized over the asset's useful life[168].

Financial Performance - Operating revenue rose by 31.62% to CNY 80,772,639.43 from CNY 61,366,898.25 in the same period last year[6] - Net profit attributable to shareholders increased by 17.51% to CNY 24,569,222.12 compared to CNY 20,907,555.26 in the previous year[6] - Basic earnings per share remained stable at CNY 0.06[6] - Total operating revenue for Q1 2017 was CNY 80,772,639.43, an increase of 31.5% compared to CNY 61,366,898.25 in the same period last year[25] - Net profit for Q1 2017 reached CNY 24,749,480.00, representing a 17.5% increase from CNY 21,051,680.62 in Q1 2016[25] - Earnings per share for Q1 2017 was CNY 0.06, compared to CNY 0.05 in the same quarter last year[29] Assets and Liabilities - Total assets increased by 1.33% to CNY 858,506,590.36 compared to the end of the previous year[6] - Current assets totaled CNY 546,246,708.34, slightly up from CNY 530,413,656.13, indicating an increase of about 2.93%[16] - Total liabilities decreased from CNY 69,224,079.02 to CNY 55,738,784.81, a reduction of about 19.43%[18] - The total current liabilities decreased from CNY 64,913,572.77 to CNY 51,596,694.81, a decline of approximately 20.51%[17] - The total liabilities as of Q1 2017 amounted to CNY 51,610,844.17, a decrease from CNY 64,622,561.48 in the previous period[22] Cash Flow - Cash flow from operating activities decreased by 27.27% to CNY 23,604,500.66 from CNY 32,454,035.17 year-on-year[6] - Cash flow from operating activities was CNY 60,707,059.94, a decrease from CNY 64,693,449.77 in Q1 2016[31] - The net cash flow from operating activities was CNY 23,604,500.66, a decrease of 27.5% compared to CNY 32,454,035.17 in the previous period[32] - The cash inflow from operating activities was CNY 61,041,187.25, down from CNY 68,020,829.02 in the previous period, reflecting a decline of approximately 10.5%[35] - The company recorded a net cash flow from operating activities of CNY 25,445,952.39, down from CNY 30,389,091.57 in the previous period, representing a decrease of about 16.1%[35] Shareholder Information - The number of shareholders reached 9,752 at the end of the reporting period[11] - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., holds 45.9% of the shares[11] Government Support and Other Income - The company received government subsidies amounting to CNY 168,416.25 related to its normal business operations[8] - Investment income for Q1 2017 was CNY 2,444,649.31, slightly up from CNY 2,405,227.10 in Q1 2016[28] - The company reported a financial expense of CNY -372,563.43, compared to CNY -66,041.18 in the previous year, indicating improved financial management[25] - The company recorded a tax expense of CNY 4,417,373.58 for Q1 2017, compared to CNY 3,491,014.40 in the same period last year, reflecting increased profitability[25] Asset Composition - Cash and cash equivalents decreased significantly from CNY 254,086,756.44 to CNY 111,199,165.48, a decline of approximately 56.32%[16] - Accounts receivable rose from CNY 116,602,602.28 to CNY 124,340,320.06, representing an increase of about 6.29%[16] - Inventory increased from CNY 31,803,178.40 to CNY 33,014,291.82, showing a growth of approximately 3.80%[16] - The company's equity increased from CNY 778,018,325.55 to CNY 802,767,805.55, reflecting a growth of approximately 3.19%[18] - Non-current assets totaled CNY 312,259,882.02, down from CNY 316,828,748.44, indicating a decrease of about 1.46%[17] Investment Activities - Total cash inflow from investment activities was CNY 121,546,028.28, significantly higher than CNY 35,733,008.44 in the previous period[32] - The net cash flow from investment activities was -CNY 159,910,371.72, compared to -CNY 15,280,715.16 in the previous period, indicating increased investment outflows[32] - The total cash outflow for investment activities was CNY 281,456,400.00, significantly higher than CNY 51,013,723.60 in the previous period[36] - The cash inflow from other investment activities was CNY 120,696,026.98, compared to CNY 35,300,000.00 in the previous period, showing a substantial increase[36]

Financial Performance - The company's operating revenue for 2016 was CNY 327,930,888.13, a decrease of 0.25% compared to CNY 328,763,385.27 in 2015[19] - The net profit attributable to shareholders for 2016 was CNY 93,737,689.56, representing an increase of 2.73% from CNY 91,249,962.66 in 2015[19] - The net cash flow from operating activities was CNY 97,134,993.85, down 3.60% from CNY 100,767,597.41 in 2015[19] - The total assets at the end of 2016 were CNY 847,242,404.57, an increase of 42.21% from CNY 595,757,840.83 at the end of 2015[19] - The net assets attributable to shareholders increased by 47.41% to CNY 778,018,325.55 at the end of 2016 from CNY 527,809,361.35 at the end of 2015[19] - The basic earnings per share for 2016 were CNY 0.2224, a decrease of 7.53% from CNY 0.2405 in 2015[20] - The weighted average return on net assets for 2016 was 16.71%, a decrease of 1.16 percentage points from 17.87% in 2015[20] - The company achieved a total revenue of RMB 327.93 million in 2016, a decrease of 0.25% compared to the previous year[39] - The net profit attributable to the parent company was RMB 93.74 million, reflecting a growth of 2.73% year-on-year[39] Cash Flow and Investments - The company’s cash flow from investment activities decreased due to a payment of 50.65 million yuan for a 19% stake in Wuhan Aite Paper Plastic Packaging Co., Ltd[56] - The company’s cash and cash equivalents increased to ¥254,086,756.44 from ¥48,580,236.08, representing a growth of 424.5% year-over-year[167] - The company reported a total current asset of ¥530,413,656.13, which is a significant increase from ¥300,121,838.66, reflecting a growth of 76.6%[168] - The company reported a loan of CNY 10,000,000 to Wuhan Aite Paper Plastic Packaging Co., Ltd., which has been repaid[96] - The company received CNY 182,681,600.00 from investment absorption, marking a significant inflow for the year[185] Market Position and Strategy - The company maintains a strong partnership with Guizhou Zhongyan, being the largest supplier of cigarette labels since 2007, capturing a significant market share[32] - The company plans to expand its market presence beyond Guizhou, actively exploring opportunities in the pharmaceutical packaging sector[37] - The company aims to diversify its product structure by developing wine and pharmaceutical labels, alongside its core cigarette label business[69] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[187] - The company is positioned for future growth with ongoing projects in both printing and real estate sectors[134] Shareholder and Capital Structure - The company successfully raised ¥200,681,600.00 through the issuance of 42.16 million shares at ¥4.79 each, with a net amount of ¥171,001,040.00 after expenses[31] - The company’s cash dividend distribution for 2015 was ¥0.4295 per 10 shares, totaling ¥16,294,702.82, with retained earnings of ¥65,178,811.29[77] - In 2016, the company distributed a cash dividend of 0.40 CNY per share, totaling 16,862,400.00 CNY, with a net profit attributable to ordinary shareholders of 93,737,689.56 CNY, resulting in a profit distribution ratio of 17.99%[79] - The total number of ordinary shareholders reached 39,912 by the end of the reporting period, a significant increase from 9,752 at the end of the previous month[114] - The largest shareholder, Guizhou Yongji Real Estate Development Co., Ltd., held 193,494,000 shares, representing 45.9% of the total shares[116] Operational Efficiency and Challenges - The gross profit margin for the printing and packaging segment was 36.88%, with a slight increase of 0.07 percentage points year-on-year[45] - The production volume of cigarette labels decreased by 10.45%, while the sales volume decreased by 10.35%[49] - The company reported a significant increase in raw paper prices in 2016, which, combined with pressure on cigarette packaging prices, negatively impacted gross margins[73] - The company recognizes the risk of stricter downstream industry policies affecting cigarette sales, which could impact its market development and order acquisition[72] - The company aims to improve its operational structure and expand into non-cigarette label markets to mitigate risks associated with customer concentration[73] Governance and Management - The company’s management team is stable and experienced, contributing to effective decision-making and governance[34] - The board of directors consists of 7 members, including 3 independent directors with expertise in law and finance[150] - The company has improved its corporate governance structure in compliance with relevant laws and regulations, ensuring effective operation of the board and committees[149] - The company has established specialized committees, including a strategic development committee and an audit committee, to enhance governance and oversight[155] - The company has maintained a consistent leadership structure, with many executives serving since 2015[136] Compliance and Auditing - The independent auditor confirmed that the financial statements fairly represent the company's financial position as of December 31, 2016[165] - The company engaged Da Xin Accounting Firm for auditing services with a fee of CNY 300,000 for a one-year term[91] - The company has not faced any significant litigation or arbitration matters during the year[92] - The company has no major related party transactions that were not disclosed in temporary announcements[95] Employee and Community Engagement - The company provided over 1,000 job opportunities, including the placement of more than 300 unemployed individuals and graduates, with a 100% employee insurance coverage rate[101] - The company has established training programs in collaboration with professional training institutions to enhance employee skills and overall quality[146] - The total remuneration paid to directors, supervisors, and senior management amounted to RMB 5.0207 million[141] - The company has implemented a diversified salary system based on job performance, including performance-based incentives for different roles[145]