证券代码：603180 证券简称：金牌厨柜 公告编号：2022-027 金牌厨柜家居科技股份有限公司 关于召开 2021 年年报业绩说明会暨 参加厦门辖区上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 会议召开时间：2022 年 5 月 10 日（星期二）14:30-16:00 ● 会议召开地点：全景网投资者关系互动平台（http://ir.p5w.net） ● 会议召开方式：网络在线交流 一、说明会类型 金牌厨柜家居科技股份有限公司（以下简称"公司"）已于 2022 年 4 月 13 日在上海证券交易所网站（http://www.sse.com.cn/）披露了 2021 年年度报告。为便于广大投资者更深入全面地了解公司 2021 年 度经营情况，公司将参加由厦门证监局与深圳市全景网络有限公司联 合举办的"2021 年年报业绩说明会暨投资者网上集体接待日"活动。 二、说明会召开的时间、地点 召开时间：2022 年 5 月 10 日（周二）下午 14:30-16: ...

Financial Performance - The company's operating revenue for 2021 reached approximately RMB 3.45 billion, representing a year-on-year increase of 30.61% compared to RMB 2.64 billion in 2020[22]. - The net profit attributable to shareholders for 2021 was approximately RMB 338 million, an increase of 15.49% from RMB 293 million in 2020[22]. - The company achieved total revenue of 3.448 billion RMB in 2021, representing a year-on-year growth of 30.61%[32]. - The net profit attributable to shareholders was 338 million RMB, an increase of 15.49% compared to the previous year[32]. - The basic earnings per share increased by 3.59% to 2.31 RMB per share[24]. - The diluted earnings per share rose by 4.09% to 2.29 RMB per share[24]. - The gross profit margin for customized furniture decreased by 2.65 percentage points to 29.23%, with revenue from overall kitchen cabinets at ¥2,480,294,451.30, showing a 19.62% increase[56]. - The company's revenue for the reporting period reached ¥3,447,773,122.28, representing a 30.61% increase compared to ¥2,639,838,958.16 in the previous year[54]. Cash Flow and Assets - The net cash flow from operating activities decreased by 40.07% to approximately RMB 403 million, down from RMB 673 million in 2020[23]. - The total assets of the company at the end of 2021 were approximately RMB 4.52 billion, a 29.56% increase from RMB 3.49 billion at the end of 2020[23]. - The net cash flow from operating activities for the fourth quarter was 253.86 million RMB[26]. - The company's total assets increased, with cash and cash equivalents at the end of the period reaching ¥756,504,868.80, up from ¥462,996,665.52[68]. - The company's investment activities resulted in a net cash outflow of ¥476,760,544.41, an improvement from the previous year's outflow of ¥871,952,240.47[68]. - Cash and cash equivalents increased by 62.43% to 759,962,639.79, representing 16.83% of total assets[70]. - Inventory increased by 57.37% to 471,061,335.41, representing 10.43% of total assets, as the company increased raw material reserves in response to uncertainties[70]. Revenue Sources and Growth Drivers - The growth in revenue was primarily driven by the continuous increase in sales of kitchen cabinets and wardrobes[23]. - The company's kitchen cabinet business generated revenue of 2.48 billion RMB, a year-on-year growth of 19.62%[33]. - The wardrobe business revenue reached 800 million RMB, showing a significant increase of 60.33%[33]. - The wooden door business revenue surged by 242.17% to 84 million RMB[33]. - The bulk business achieved revenue of 1.145 billion yuan, representing a year-on-year growth of 28.22%[34]. - The overseas market sales revenue reached 164 million yuan, with a year-on-year increase of 51.37%[35]. Strategic Initiatives and Innovations - The company is actively promoting digital transformation and innovative channel models to enhance growth[32]. - The company is advancing its digital transformation, focusing on data governance and establishing a data middle platform to enhance decision-making and marketing efficiency[36]. - The company has implemented a three-tier R&D organization and established a new materials research institute to drive innovation and product differentiation[38]. - The company reported a strong focus on personalized customization, with plans to develop a new product series based on user value and market insights[38]. - The company is leveraging smart manufacturing technologies to enhance production efficiency and meet the growing demand for customized furniture[41]. - The company is enhancing its smart home product ecosystem through the integration of IoT and AI, establishing a joint innovation lab with Chengdu University of Electronic Science and Technology to invest in the smart technology supply chain[84]. Market Position and Competition - The furniture manufacturing industry generated 800.46 billion yuan in revenue in 2021, indicating a steady growth in the custom furniture market[41]. - The company has signed strategic procurement agreements with 45 top real estate companies, reinforcing its position as a preferred kitchen cabinet brand for ten consecutive years[34]. - The trend towards whole-house customization is driven by consumer demand for efficient space utilization and integrated design solutions[42]. - The company is a leading provider of high-end custom kitchen cabinets and home furnishings, established in 1999, and has received multiple national honors including "China Famous Trademark" and "Intelligent Manufacturing Demonstration Enterprise"[44]. - The furniture industry is experiencing increased competition due to the entry of real estate, internet, and home appliance companies, leading to a concentration of market share among national brands[43]. Corporate Governance and Compliance - The company held one annual general meeting and two extraordinary general meetings during the reporting period, with all proposed resolutions being approved[104]. - The company strictly adhered to the requirements of the Company Law and the Articles of Association in convening and conducting shareholder meetings, ensuring equal treatment of all shareholders[98]. - The board of directors was elected in accordance with the prescribed procedures, maintaining compliance with legal requirements regarding board composition[99]. - The supervisory board operated in accordance with legal regulations, independently overseeing the company's operations and financial status[99]. - The company emphasized transparency and timely information disclosure, ensuring that all shareholders had equal access to information[100]. - The company maintained effective communication with investors through various channels, enhancing investor relations management[100]. Employee and Executive Compensation - The total number of employees in the parent company is 3,165, while the total number of employees in major subsidiaries is 3,166, resulting in a combined total of 6,331 employees[123]. - The total pre-tax remuneration for the executives amounted to 683.24 million yuan, with the highest being 86.36 million yuan for the CFO, Zhu Ling[107]. - The company emphasizes a performance-based salary structure, linking basic and performance wages to employee roles and company objectives[125]. - The company has implemented a training program that includes onboarding for new employees, management training for leaders, and specialized training aligned with strategic projects[126]. Dividend Policy and Shareholder Engagement - The company has established a cash dividend policy that prioritizes reasonable returns for investors and maintains consistency in profit distribution[127]. - The board approved a cash dividend of 1.06 CNY per share (including tax) for the year 2021, with no capital reserve transfer to increase share capital[132]. - Cash dividends should not be less than 20% of the distributable profits for the year, subject to the board's proposal based on annual profit and future funding needs[130]. - The decision-making process for profit distribution requires a majority approval from the board and more than half of the independent directors[131]. - The company engages with minority shareholders to gather opinions before finalizing dividend proposals[131]. Risk Management and Challenges - The company faces risks from real estate market regulations, intensified market competition, and fluctuations in raw material prices, which could impact its operational performance[94]. - The company has not faced any penalties from securities regulatory authorities in the past three years[116]. - The company has not encountered any overdue guarantees or financial obligations, reflecting a strong commitment to financial responsibility[159]. Investment and Financial Management - The company has consistently focused on capital preservation through structured deposits across various banks[174][175]. - The overall strategy includes diversifying investments in structured deposits to optimize returns while managing risk[174][175]. - The company reported a total investment of 30,000,000.0 in Ping An Bank with a return rate of 3.39%[178]. - The company has a total of 100 million in structured deposits with various banks, indicating a diversified investment strategy[185]. - The company continues to focus on capital preservation and yield generation through structured deposit investments[185].

证券代码：603180 证券简称：金牌厨柜 公告编号：2022-009 金牌厨柜家居科技股份有限公司 关于接待机构调研情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 金牌厨柜家居科技股份有限公司（以下简称"公司"）于2022 年3月17日通过电话会议交流形式接待了机构调研，现将主要情况公 告如下： 一、调研基本情况 （一）调研时间：2022年3月17日14:00-15:00 （二）调研方式：电话会议交流 （三）调研机构名称：兴业证券、长江证券、浙商证券、华夏基 金、中邮基金等机构 （四）公司接待人员：副总裁、董秘陈建波，证代李朝声 二、本次交流的主要问题及公司的回复概况 1、公司发布了 2021 年度业绩快报，业绩实现稳步增长，主要增长 来源有哪些？ 答：2021 年公司围绕全年的经营目标，积极推进数字化转型升级， 加快推进创新渠道模式，推动厨、衣、木、电器、卫阳等品类的渠道 布局，经营业绩实现了稳步增长，其主要增长来源于厨柜、衣柜业务， 新拓木门以及海外业务发展势头也比较好，实现快速增长。 2、公司 202 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥892,626,928.71, representing a year-over-year increase of 13.49%[4] - Year-to-date revenue as of Q3 2021 was ¥2,219,518,752.19, showing a significant increase of 37.41% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,219,518,752.19, a 37.4% increase from ¥1,615,203,456.97 in the same period of 2020[24] - Net profit for the third quarter of 2021 was ¥155,688,473.09, compared to ¥147,896,785.35 in the same quarter of 2020, reflecting a 5.0% increase[25] - Total comprehensive income for the third quarter of 2021 was approximately ¥168.47 million, an increase from ¥142.20 million in the same period of 2020, representing a growth of about 18.43%[26] Profitability and Earnings - The net profit attributable to shareholders decreased by 18.14% to ¥71,342,482.50 for the quarter, while the net profit after deducting non-recurring gains and losses was ¥61,551,334.69, down 17.76%[4] - The basic earnings per share for Q3 2021 was ¥0.47, a decrease of 29.88% year-over-year, while diluted earnings per share also fell by 25.28% to ¥0.47[5] - The company reported a profit margin of approximately 7.0% for the first three quarters of 2021, compared to 9.1% in the same period of 2020[25] - Basic earnings per share for the third quarter of 2021 was ¥1.08, slightly down from ¥1.14 in the same quarter of 2020, indicating a decrease of approximately 5.26%[26] Assets and Liabilities - The company's total assets increased by 17.38% to ¥4,091,722,227.97 compared to the end of the previous year[5] - Total assets as of the end of the third quarter of 2021 were ¥4,091,722,227.97, compared to ¥3,485,802,782.09 at the end of the same period in 2020, indicating a growth of 17.4%[22] - Total liabilities as of the end of the third quarter of 2021 were ¥1,869,984,421.93, an increase from ¥1,651,938,487.73 in 2020, representing a growth of 13.2%[22] - The company's equity attributable to shareholders rose by 21.15% to ¥2,211,994,447.47 as of the end of Q3 2021[5] - Shareholders' equity totaled approximately $1.83 billion, with retained earnings of about $860.34 million[34] Cash Flow - Cash flow from operating activities saw a significant decline of 50.65%, attributed to increased raw material procurement and operational expenses[10] - Cash flow from operating activities for the first three quarters of 2021 was approximately ¥2.60 billion, up from ¥1.91 billion in the same period of 2020, reflecting an increase of about 36.38%[28] - Net cash flow from operating activities in the third quarter of 2021 was approximately ¥149.51 million, down from ¥302.96 million in the same quarter of 2020, showing a decline of about 50.73%[29] - The company received cash from sales of goods and services amounting to approximately ¥2.60 billion in the first three quarters of 2021, which is a significant increase compared to the previous year's ¥1.91 billion[28] Inventory and Receivables - The company's inventory reached approximately ¥424.04 million, up from ¥299.33 million in the previous year, indicating a 42% increase year-over-year[19] - The company’s accounts receivable increased to approximately ¥61.56 million, compared to ¥52.13 million in the previous year, indicating improved sales performance[19] Operational Challenges - The decline in net profit was primarily due to production disruptions caused by COVID-19 lockdowns in Xiamen from September 14 to October 7, 2021, delaying some revenue and profit to Q4[6] - Due to the COVID-19 pandemic, the company faced approximately ¥100 million in delayed orders, with ¥20 million unable to be delivered in Q3 and ¥80 million postponed to Q4[17] - The company resumed production on October 8, 2021, after the pandemic-related shutdowns, focusing on fulfilling delayed and new orders[16] Strategic Initiatives - The company aims to support steady performance growth through the full-category and full-channel strategic layout, with ongoing investments in new business areas[11] - The company has been investing heavily in expanding its overseas, wooden door, kitchen appliance, and smart home businesses, which has led to increased operational costs[6] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[23] Shareholder Information - The top shareholder, Xiamen Jianpan Group Co., Ltd., holds 41.48% of the shares, with a total of 64,044,322 shares pledged[13] Emergency Response - The company has established an emergency response team to manage the impact of the pandemic on operations, ensuring employee safety and compliance with government regulations[15] - The company is actively adjusting production tasks to meet urgent orders by reallocating them to other production bases[15]

证券代码：603180 证券简称：金牌厨柜 公告编号：2021-071 金牌厨柜家居科技股份有限公司 关于参加 2021 年度厦门辖区上市公司 投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的交流， 便于广大投资者更加全面深入 地了解金牌厨柜家居科技股份有限公司（以下简称"公司"）经营、 发展战略规划等情况，公司将参加由厦门证监局、厦门上市公司协会 和全景网联合举办的"2021年度厦门辖区上市公司投资者网上集体接 待日活动"，现将有关事项公告如下： 一、活动召开时间、地点 1、召开时间： 2021年9月7日（星期二） 15:00-17:00 2、召开方式： 本次活动将采用线上方式举行，投资者可以登录 "全景网投资者关系互动平台"（http://ir.p5w.net）参与本次互动交 流。 二、参加人员 出席本次年度网上集体接待日的人员包括公司董事长温建怀先 生、副总裁及董事会秘书陈建波先生及相关部门负责人。 三、联系人及咨询办法 联系人：证券投资部-李朝声 联系电话：0 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.33 billion, representing a year-on-year increase of 60.12% compared to ¥828.66 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was approximately ¥86.77 million, an increase of 41.15% from ¥61.47 million in the previous year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥43.54 million, reflecting a growth of 54.81% compared to ¥28.13 million in the same period last year[20]. - Basic earnings per share increased by 29.79% to ¥0.61 from ¥0.47 in the previous year, while diluted earnings per share rose by 38.63% to ¥0.61 from ¥0.44[21]. - The company reported a total comprehensive income of ¥100,244,471.74 for the first half of 2021, compared to ¥63,058,790.90 in the same period of 2020, marking a growth of 58.9%[121]. - The company’s net profit for the first half of 2021 was CNY 87,664,901, an increase of 94% compared to CNY 45,152,735 in the same period of 2020[124]. - Operating profit reached CNY 97,190,964, up from CNY 48,579,428, reflecting a growth of 100% year-over-year[124]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥3.81 billion, a 9.25% increase from ¥3.49 billion at the end of the previous year[20]. - The company's total liabilities decreased slightly to ¥1,514,119,428.38 in the first half of 2021 from ¥1,544,141,671.84 in the same period of 2020[117]. - The company's equity increased to CNY 2,130,923,891.05, compared to CNY 1,833,864,294.36, reflecting a growth of approximately 16.2%[113]. - The total amount of related party transactions during the reporting period reached CNY 51,357,212.66, with an estimated future occurrence of CNY 194,200,000.00[82]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥19.33 million, a decline of 156.64% compared to a positive cash flow of ¥34.13 million in the same period last year[20]. - Cash flow from investing activities improved to RMB 107,562,553.30, a significant recovery from -RMB 346,032,440.22 in the previous period[58]. - Cash flow from financing activities increased by 89.87% to RMB 258,129,250.60, mainly due to funds raised from a private placement of shares[58]. - The total cash inflow from investment activities was 1,342,051,519.89 RMB, slightly down from 1,410,832,858.77 RMB year-over-year[130]. Market and Industry Trends - The customized furniture market is expected to grow steadily, driven by urbanization and the demand for home renovations, with a strong correlation to the real estate sector[31]. - The trend towards smart manufacturing and personalized customization is becoming mainstream in the furniture industry, requiring companies to adapt to rapidly changing market demands[32]. - The government is promoting the development of smart industries, which is accelerating the commercialization of smart home technologies[32]. Strategic Initiatives - The company has established strategic partnerships with suppliers to optimize procurement and reduce inventory, enhancing capital efficiency[29]. - The company aims to enhance its marketing network and innovate sales strategies to increase order volume and pricing[31]. - The company is actively pursuing digital transformation and has accelerated the construction of digital capabilities[39]. - The establishment of the GOKI research alliance aims to foster innovation in new technologies and materials, supporting the company's integrated product development strategy[47]. Risks and Challenges - The company has indicated potential risks in its future plans and development strategies, advising investors to be cautious[6]. - The company faces risks from real estate market regulation, which may impact the custom furniture sector due to its close ties with real estate development[68]. - Fluctuations in raw material prices, such as board materials and hardware components, could pressure the company's procurement costs and affect profitability[68]. Corporate Governance - The fourth board and supervisory committee were elected on January 26, 2021, with terms lasting until January 25, 2024[73]. - The company has not reported any significant litigation or arbitration matters during the reporting period[82]. - The company has no major guarantees or violations during the reporting period[82]. Research and Development - Research and development expenditure for the first half of 2021 was 73.52 million yuan, an increase of 48.95% year-on-year[47]. - The company has developed a digital parameterized modeling system for all customized products, enhancing production efficiency and material utilization[36]. Shareholder Information - The total number of shares increased from 103,260,031 to 144,564,043, an increase of 41,304,012 shares[96]. - The largest shareholder, Xiamen Jianpan Group Co., Ltd., held 57,135,040 shares, accounting for 39.52% of the total[101]. - The company granted 500,000 restricted stocks to 58 incentive objects in February 2018, with registered capital changing to RMB 67,215,881[151].

Financial Performance - Operating revenue increased by 81.55% to CNY 485,092,230.04 year-on-year[5] - Net profit attributable to shareholders surged by 587.82% to CNY 43,985,111.39 compared to the same period last year[5] - Basic earnings per share rose by 514.29% to CNY 0.43 per share[5] - The diluted earnings per share increased by 616.67% to CNY 0.43 per share[5] - The company achieved operating revenue of CNY 485.09 million in Q1 2021, representing an increase of 81.55% compared to the same period last year[12] - The net profit attributable to shareholders reached CNY 43.99 million, a significant increase of 587.82% year-on-year[12] - Operating profit for Q1 2021 was RMB 46,555,805.63, up from RMB 6,305,143.06 in Q1 2020, representing a growth of 640.5%[24] - Net profit for Q1 2021 was RMB 43,375,813.49, compared to RMB 6,190,834.80 in Q1 2020, marking an increase of 600.5%[26] - The company reported a total comprehensive income of RMB 64,530,422.08 for Q1 2021, compared to RMB 6,984,766.31 in Q1 2020, an increase of 823.5%[26] Assets and Liabilities - Total assets decreased by 6.95% to CNY 3,243,592,842.45 compared to the end of the previous year[5] - The company’s total assets as of March 31, 2021, amounted to CNY 1.55 billion, down from CNY 1.88 billion at the end of 2020[16] - Total assets as of March 31, 2021, amounted to ¥3,243,592,842.45, a decrease from ¥3,485,802,782.09 at the end of 2020, representing a decline of approximately 6.95%[17] - Current liabilities totaled ¥1,251,938,181.18, down from ¥1,589,348,411.13, indicating a reduction of about 21.19%[17] - Non-current liabilities increased to ¥88,370,829.75 from ¥62,590,076.60, reflecting a growth of approximately 41.16%[18] - The total liabilities decreased to ¥1,340,309,010.93 from ¥1,651,938,487.73, a reduction of about 18.86%[18] - Total liabilities reached approximately ¥1.65 billion, with current liabilities totaling ¥1.59 billion and non-current liabilities at ¥62.59 million[38] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 299,728,702.16, a decrease of 6.20% compared to the previous year[5] - The company reported a net cash outflow from operating activities of CNY 299.73 million, a 6.20% increase compared to the previous year[12] - The net cash flow from operating activities was RMB -299,728,702.16 in Q1 2021, compared to RMB -282,240,766.53 in Q1 2020, indicating a slight deterioration in cash flow performance[32] - The total cash outflow from operating activities in Q1 2021 was RMB 810,436,069.42, up from RMB 517,095,196.08 in Q1 2020, reflecting an increase of about 56.7%[32] - The company experienced a net cash decrease of RMB -213,684,155.74 in Q1 2021, compared to RMB -419,323,419.57 in Q1 2020, indicating an improvement in cash management[33] Shareholder Information - The total number of shareholders reached 8,729 at the end of the reporting period[9] - The largest shareholder, Xiamen Jianpan Group Co., Ltd., holds 39.52% of the shares[9] Research and Development - Research and development expenses rose by 36.02% to CNY 30.69 million, reflecting the company's increased investment in new product categories[12] - Research and development expenses increased to RMB 30,685,349.14 in Q1 2021, up from RMB 22,558,899.36 in Q1 2020, indicating a rise of 36.1%[24] - The company plans to continue expanding its product lines and increasing R&D investment to drive future growth[12] Inventory and Receivables - Accounts receivable increased by 33.36% to CNY 69.52 million, attributed to increased credit limits for quality franchisees and project agents[12] - Inventory rose to ¥135,651,693.41 from ¥124,428,592.04, indicating an increase of approximately 9.83%[21] - Accounts receivable increased to ¥88,016,351.94 from ¥72,952,475.18, showing a growth of about 20.67%[21] Financial Standards and Adjustments - The company implemented new leasing standards effective January 1, 2021, impacting financial reporting[39] - The total liabilities increased by approximately ¥24.18 million due to adjustments related to the new leasing standards[38] - The company adopted the new leasing standards effective January 1, 2021, impacting financial reporting[43] - The company’s total non-current liabilities increased by approximately 23% to $39.42 million due to the new leasing standards[42]

Financial Performance - Operating revenue increased by 81.55% to CNY 485,092,230.04 year-on-year[5] - Net profit attributable to shareholders surged by 587.82% to CNY 43,985,111.39 compared to the same period last year[5] - Basic earnings per share rose by 514.29% to CNY 0.43 per share[5] - The diluted earnings per share increased by 616.67% to CNY 0.43 per share[5] - The company achieved a 74.41% revenue growth compared to Q1 2019, and net profit increased by 130.47% over the same period[13] - Operating profit for Q1 2021 was RMB 46,555,805.63, up from RMB 6,305,143.06 in Q1 2020, representing a growth of 640.5%[24] - Net profit for Q1 2021 was RMB 43,375,813.49, compared to RMB 6,190,834.80 in Q1 2020, marking an increase of 600.5%[26] - The company reported a total comprehensive income of RMB 64,530,422.08 for Q1 2021, compared to RMB 6,984,766.31 in Q1 2020, a growth of 823.5%[26] Assets and Liabilities - Total assets decreased by 6.95% to CNY 3,243,592,842.45 compared to the end of the previous year[5] - Total liabilities decreased to CNY 1,340,309,010.93 from CNY 1,651,938,487.73, reflecting a reduction of about 18.83%[18] - Current liabilities totaled CNY 1,251,938,181.18, down from CNY 1,589,348,411.13, indicating a decrease of approximately 21.19%[17] - Non-current liabilities increased to CNY 88,370,829.75 from CNY 62,590,076.60, marking an increase of about 41.24%[18] - Shareholders' equity rose to CNY 1,903,283,831.52 from CNY 1,833,864,294.36, showing an increase of approximately 3.80%[18] - Total assets as of March 31, 2021, amounted to CNY 3,243,592,842.45, a decrease from CNY 3,485,802,782.09 as of December 31, 2020, representing a decline of approximately 6.95%[17] - Total current asset of CNY 1,527,863,726.34, down from CNY 1,839,137,564.99, indicating a decrease of approximately 17.00%[21] - The total non-current assets amounted to CNY 1,246,806,499.84, an increase from CNY 1,214,423,508.32, reflecting a growth of about 2.67%[21] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 299,728,702.16, a decrease of 6.20% compared to the previous year[5] - The net cash flow from operating activities was negative CNY 299,728,702.16 in Q1 2021, compared to negative CNY 282,240,766.53 in Q1 2020, indicating a slight deterioration in cash flow performance[32] - The cash inflow from sales of goods and services was CNY 482,095,951.56, a significant increase from CNY 195,111,737.56 in Q1 2020, representing a growth of approximately 146.5%[31] - The cash outflow from operating activities was CNY 810,436,069.42 in Q1 2021, compared to CNY 517,095,196.08 in Q1 2020, indicating an increase of approximately 56.7%[32] - The cash inflow from investment activities totaled CNY 552,642,071.91 in Q1 2021, down from CNY 992,050,409.73 in Q1 2020, reflecting a decrease of about 44.2%[32] - The net cash flow from investment activities improved to CNY 93,886,225.13 in Q1 2021, compared to negative CNY 186,805,037.39 in Q1 2020, showing a positive turnaround[32] Shareholder Information - The total number of shareholders reached 8,729 at the end of the reporting period[9] - The largest shareholder, Xiamen Jianpan Group Co., Ltd., holds 39.52% of the shares[9] Research and Development - Research and development expenses rose by 36.02% to CNY 30.69 million, reflecting increased investment in new product categories[12] - Research and development expenses increased to RMB 30,685,349.14 in Q1 2021 from RMB 22,558,899.36 in Q1 2020, an increase of 36.1%[24] - The company plans to continue expanding its product lines and increasing R&D investment to drive future growth[12] Inventory and Receivables - Accounts receivable increased by 33.36% to CNY 69.52 million, attributed to increased credit limits for quality franchisees and project agents[12] - Inventory increased to CNY 135,651,693.41 from CNY 124,428,592.04, representing an increase of about 8.83%[21] - Accounts receivable increased to CNY 88,016,351.94 from CNY 72,952,475.18, reflecting a growth of approximately 20.67%[21]

Financial Performance - The company's operating revenue for 2020 was approximately CNY 2.64 billion, representing a year-on-year increase of 24.20% compared to CNY 2.13 billion in 2019[21]. - The net profit attributable to shareholders for 2020 was approximately CNY 292.65 million, an increase of 20.68% from CNY 242.50 million in 2019[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 237.34 million, up 20.02% from CNY 197.75 million in 2019[21]. - The cash flow from operating activities for 2020 was approximately CNY 673.09 million, a significant increase of 67.38% compared to CNY 402.13 million in 2019[21]. - The total assets at the end of 2020 were approximately CNY 3.49 billion, reflecting a year-on-year growth of 30.25% from CNY 2.68 billion at the end of 2019[21]. - The net assets attributable to shareholders increased to approximately CNY 1.83 billion, a rise of 50.78% from CNY 1.21 billion at the end of 2019[21]. - The company achieved a net profit attributable to shareholders of 314 million RMB, an increase of 30.57% year-on-year, while the net profit excluding non-recurring items was 258 million RMB, up 32.16%[23]. - Operating cash flow for the year reached 673 million RMB, representing a significant growth of 67.38% year-on-year, with unearned revenue at 400 million RMB, a 39% increase[22]. - Basic earnings per share rose to 3.12 RMB, marking a 19.54% increase compared to the previous year, while diluted earnings per share increased by 18.01% to 3.08 RMB[22]. - The gross profit margin for customized furniture was 31.88%, a decrease of 3.11 percentage points from the previous year[58]. - The overall kitchen cabinet revenue was RMB 2,073,424,786.17, with a gross profit margin of 32.85%, down 3.64 percentage points year-on-year[58]. Strategic Initiatives - The company plans to distribute a cash dividend of CNY 9 per 10 shares and to increase capital by 4 shares for every 10 shares held[6]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[31]. - The company launched an equity incentive plan during the reporting period, which is expected to enhance employee motivation and align interests with shareholders[23]. - The company has established close strategic partnerships with key suppliers, leading to improved procurement efficiency and reduced inventory levels[35]. - The company is actively expanding its marketing channels to adapt to the fragmented consumer landscape, embracing new media and influencer marketing[38]. - The company aims to expand its product categories from kitchen cabinets to wardrobes, wooden doors, and smart home products, focusing on building a comprehensive home ecosystem[84]. - The company is pursuing an international strategy to expand into markets such as the US, Australia, and Southeast Asia, leveraging its advantages in the entire industry chain[85]. - The company plans to invest RMB 1.2 billion in the Western IoT Intelligent Manufacturing Base project to enhance production capacity and competitiveness in the central and western markets[81]. Risk Factors - The company emphasizes the importance of risk factors in its forward-looking statements, advising investors to be cautious[7]. - The company acknowledges risks related to the national economy and consumer spending, which could impact the custom furniture market[96]. - The company faces risks from real estate market regulations that may affect its sales structure due to its ties with the real estate industry[97]. - The company is experiencing intensified market competition in the custom furniture sector, which may affect its revenue and profit margins[98]. Research and Development - Research and development expenses amounted to RMB 134,059,335.14, reflecting a year-on-year increase of 28.86%[58]. - The company holds 343 valid patents and has established strategic partnerships with research institutions to drive innovation in product design and development[40]. - The company is leveraging digital modeling for customized products, improving material utilization and production efficiency through agile manufacturing techniques[41]. - The company is focusing on smart home technology as a core part of its differentiation strategy, aiming to maintain industry leadership through proactive development[86]. Corporate Governance - The company has appointed Huaxing Accounting Firm as its auditor for the year 2020, with an audit fee of RMB 800,000[116]. - The company has implemented a restricted stock incentive plan in 2020, with details disclosed in various announcements[118]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not faced any risks of suspension or termination of listing during the reporting period[117]. - The company has not encountered any significant accounting errors that would require correction[115]. Market Expansion - The company expanded its sales network to 2,493 stores, including 1,585 Gold Medal kitchen cabinet stores and 722 Jujia wardrobe stores[51]. - The Jujia wardrobe business generated revenue of 499 million yuan, reflecting a growth of 63.46% year-on-year[49]. - The overseas sales revenue reached 108 million yuan, marking a year-on-year increase of 95.66%[51]. - The company signed strategic procurement agreements with 65 real estate companies, leading to a revenue of 808 million yuan from bulk business, a growth of 71.22%[51]. Financial Management - The company has entrusted financial management with a total amount of CNY 3,681,000,000, including CNY 2,651,000,000 from self-owned funds and CNY 1,030,000,000 from raised funds[129]. - The company has not provided guarantees for shareholders, actual controllers, or related parties[127]. - The company has not provided guarantees for debtors with a debt-to-asset ratio exceeding 70%[127]. - The company has not provided guarantees exceeding 50% of net assets[127]. - The company has maintained a focus on self-insured structured deposits, indicating a strategy to manage risk while seeking returns[131][132]. Shareholder Information - The total number of shares held by the top ten unrestricted shareholders amounts to 64,000,000 shares[185]. - The controlling shareholder is Xiamen Jianpan Group Co., Ltd., led by Wen Jianhuai, who is also the chairman[188]. - The report indicates that there are no changes in the controlling shareholder during the reporting period[190]. - The total number of shares held by Chairman Wen Jianhu increased from 8,257,574 to 11,560,604, a change of 3,303,030 shares, representing a growth of approximately 39.96%[195].

Financial Performance - Operating revenue for the first nine months reached CNY 1,615,203,456.97, a growth of 16.46% year-on-year[7] - Net profit attributable to shareholders increased by 12.59% to CNY 148,621,598.27 for the first nine months[7] - Basic earnings per share rose by 12.68% to CNY 1.60 per share[8] - The company achieved operating revenue of RMB 1.615 billion, a year-on-year increase of 16.46%[12] - The net profit attributable to shareholders was RMB 148 million, up 12.59% year-on-year, while the net profit excluding non-recurring gains and losses was RMB 103 million, an increase of 10.13%[12] - In Q3, the company reported operating revenue of RMB 787 million, a 30.75% increase year-on-year, with a net profit of RMB 87 million, up 40.11%[13] - Total operating revenue for Q3 2020 reached ¥786,539,121.59, a 30.7% increase from ¥601,579,281.62 in Q3 2019[29] - Net profit for Q3 2020 was ¥86,877,167.23, representing a 39.9% increase compared to ¥62,071,141.64 in Q3 2019[31] - The company’s net profit attributable to shareholders for the first three quarters of 2020 was ¥148,621,598.27, up from ¥132,002,780.49 in the same period of 2019, reflecting a growth of 12.0%[31] Cash Flow - Cash flow from operating activities netted CNY 302,961,599.69, up 30.23% compared to the same period last year[7] - Cash flow from operating activities reached RMB 303 million, reflecting a 30.23% year-on-year growth[15] - The cash inflow from operating activities for the first three quarters of 2020 was CNY 1,982,213,631.83, an increase of 15.2% compared to CNY 1,720,180,422.68 in the same period of 2019[39] - The net cash flow from operating activities was CNY 302,961,599.69, up 30.2% from CNY 232,638,825.08 in the previous year[39] - The cash inflow from investment activities totaled CNY 2,243,415,328.38, compared to CNY 1,324,363,979.22 in the same period last year, representing a growth of 69.2%[40] - The net cash flow from investment activities was -CNY 638,854,430.86, worsening from -CNY 230,628,764.03 in 2019[40] - The cash inflow from financing activities was CNY 217,307,218.92, significantly higher than CNY 280,000.00 in the previous year[40] - The net cash flow from financing activities improved to CNY 143,545,936.21 from -CNY 91,700,826.51 in the same period last year[40] Assets and Liabilities - Total assets increased by 19.32% to CNY 3,193,252,558.54 compared to the end of the previous year[7] - The total amount of cash and cash equivalents decreased by 30.35% to RMB 461 million, primarily due to investments in short-term financial products[14] - Total current assets increased to ¥1,760,951,288.17 as of September 30, 2020, up from ¥1,528,461,066.13 at the end of 2019, representing a growth of approximately 15.1%[22] - Total liabilities rose to ¥1,780,813,851.23, compared to ¥1,462,290,950.37 at the end of 2019, indicating an increase of approximately 21.8%[24] - The company's total assets reached ¥3,193,252,558.54, up from ¥2,676,157,605.54, marking a growth of around 19.2%[24] - The total owner's equity increased to ¥1,412,438,707.31 from ¥1,213,866,655.17, reflecting a growth of approximately 16.4%[24] - The total liabilities as of Q3 2020 amounted to ¥1,573,373,963.13, an increase from ¥1,126,842,950.14 in the same period last year[27] - The company's total liabilities reached CNY 1,462,290,950.37, with current liabilities at CNY 1,102,765,674.43[46] Shareholder Information - The total number of shareholders reached 10,560 by the end of the reporting period[10] - The largest shareholder, Xiamen Jianpan Group Co., Ltd., holds 42.02% of the shares, with 14,337,736 shares pledged[10] Research and Development - The company increased its R&D expenses to RMB 88 million, an 18.50% rise compared to the previous period, to support business expansion[15] - Research and development expenses for Q3 2020 were ¥39,045,970.64, up 17.5% from ¥33,124,973.83 in Q3 2019[29] - Research and development expenses for Q3 2020 totaled ¥25.95 million, up 19.6% from ¥21.82 million in Q3 2019[35] Future Outlook - The company plans to continue its market expansion and product development strategies, supported by the successful issuance of convertible bonds[16] - Future outlook includes continued investment in new product development and market expansion strategies[36] - The company plans to enhance its financial performance through strategic mergers and acquisitions in the upcoming quarters[36]