Financial Performance - The company's operating revenue for the first half of 2023 reached ¥861,595,297.10, representing a 19.88% increase compared to ¥718,696,330.67 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2023 was ¥30,511,292.63, a 41.93% increase from ¥21,497,474.36 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥26,059,223.12, showing a significant increase of 158.73% compared to ¥10,071,938.88 in the same period last year[15]. - The basic earnings per share for the first half of 2023 was ¥0.17, up 41.67% from ¥0.12 in the same period last year[16]. - The weighted average return on net assets increased to 2.33%, up 0.62 percentage points from 1.71% in the previous year[16]. - The net cash flow from operating activities decreased by 51.10% to ¥44,435,462.01 from ¥90,876,961.97 in the same period last year[15]. - The total assets at the end of the reporting period were ¥2,288,883,704.85, a slight increase of 0.99% from ¥2,266,472,217.02 at the end of the previous year[15]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,306,077,942.73, reflecting a 0.99% increase from ¥1,293,317,550.10 at the end of the previous year[15]. Industry Context - The textile industry in China experienced a significant downturn, with the production of non-woven fabrics declining by 2.2% year-on-year in the first half of 2023, and the revenue and total profit of large-scale non-woven fabric enterprises dropping by 5% and 66% respectively[23]. - The industry’s profit margin fell to a historical low of 1.2%, down by 2.2 percentage points year-on-year, indicating severe market competition and declining product prices[23]. - The company reported a total profit growth rate of -41.47%, with a profit margin of 2.85%, reflecting a challenging financial environment[25]. - The international market demand index for non-woven fabrics has shown signs of recovery, with exports of non-woven fabrics increasing by 1.9% in quantity despite a decline in export value[25]. - The company’s industry is experiencing severe oversupply and intense price competition, leading to a deep adjustment period[48]. Product and Innovation - The company’s production capacity is nearly 80,000 tons annually, supported by eleven production lines, positioning it among the leaders in the domestic non-woven fabric industry[30]. - The company has a diverse product range, including applications in beauty care, cleaning, industrial materials, and medical materials, which enhances its market presence[27]. - The company is focused on technological innovation and has established a strong R&D capability to develop high-value-added products, aligning with international market trends[30]. - The company obtained 20 new patents during the reporting period, including 6 invention patents, bringing the total to 214 patents[34]. Environmental Management - The company has been recognized as a key wastewater monitoring enterprise by the Zhejiang Provincial Environmental Protection Department[59]. - The company has implemented various environmental management systems and has been awarded the title of water-saving enterprise in Zhejiang Province[59]. - The company’s wastewater discharge standards include a biochemical oxygen demand limit of 500 mg/l, with actual discharge measured at 56.4 mg/l[60]. - The company has established a comprehensive online monitoring system for pollutant discharge, allowing real-time data access for environmental authorities[59]. - The company has made significant investments in environmental protection facilities, ensuring compliance with environmental regulations[64]. Shareholder and Corporate Governance - The company commits to avoiding business competition with its controlling shareholder and related parties[72]. - The company has completed major asset restructuring commitments to protect the rights of minority shareholders[70]. - The actual controller, Mr. Ren Jianhua, guarantees that he and his affiliates will not engage in any competitive activities with the listed company or its subsidiaries[74]. - The company will strictly adhere to laws and regulations to prevent any conflicts of interest and will ensure fair treatment of minority shareholders[75]. - The company promises to minimize related party transactions post-restructuring, ensuring that any necessary transactions are conducted at fair market prices[76]. Financial Management and Risks - The company faces significant risks including high global inflation and rising interest rates, which may impact demand and economic recovery[48]. - The company’s main raw materials, such as viscose fiber and polyester fiber, constitute a large portion of production costs, making it vulnerable to price fluctuations[48]. - The company is expanding its production scale and product structure, increasing its exposure to foreign currency exchange risks due to import activities[49]. - The company emphasizes the need to monitor policy changes in key export markets to mitigate risks associated with trade regulations[50]. Future Outlook - The company remains cautiously optimistic about future growth, anticipating a narrowing of declines in key economic metrics in the second half of 2023[26]. - The company plans to continue enhancing its core competitiveness and profitability by integrating industry chain resources and focusing on innovation[36]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters, although specific strategies were not detailed in the provided content[128].

重要内容提示： https://roadshow.sseinfo.com/） 证券代码：603238 证券简称：诺邦股份 公告编号：2023-029 杭州诺邦无纺股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 09 月 06 日(星期三) 至 09 月 12 日(星期 二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 db@nbond.cn 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 杭州诺邦无纺股份有限公司（以下简称"公司"）已于 2023 年 8 月 25 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入 地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 09 月 13 日 下午 14:00-15:00 举行 2023 年半年度业绩说明会，就投 资者关心的 ...

证券代码：603238 证券简称：诺邦股份 公告编号：2023-027 杭州诺邦无纺股份有限公司 第六届监事会第四次会议决议公告 三、备查文件 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 杭州诺邦无纺股份有限公司（以下简称"公司"）于 2023 年 8 月 24 日在杭 州市余杭经济技术开发区昌达路8号公司2号会议室以现场召开方式召开第六届 监事会第四次会议。会议通知及相关议案资料已于 2023 年 8 月 10 日以专人送达 及电子邮件方式发出。本次会议应到监事 3 人，实到监事 3 人，会议由监事会主 席陆年芬女士主持。会议的通知、召集、召开和表决程序符合《中华人民共和国 公司法》、《公司章程》等有关法律、法规的规定。 二、监事会会议审议情况 1、审议通过《关于 2023 年半年度报告及摘要的议案》 表决情况：同意 3 票、反对 0 票、弃权 0 票。 公司第六届监事会第四次会议决议。 特此公告。 杭州诺邦无纺股份有限公司 监事会 2023 年 8 月 25 日 ...

证券代码：603238 证券简称：诺邦股份 公告编号：2023-015 杭州诺邦无纺股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 总经理：龚金瑞先生 投资者可于 2023 年 05 月 19 日(星期五) 至 05 月 25 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 db@nbond.cn 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 杭州诺邦无纺股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 26 日 下午 13:00-14:00 举行 2022 年度业绩说明会，就投资者关心的 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 397,524,531.12, representing an increase of 18.66% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 10,309,364.09, reflecting a growth of 35.58% year-on-year[5]. - The company's net profit for Q1 2023 reached CNY 14,658,879.43, a 25.4% increase from CNY 11,688,017.91 in Q1 2022[21]. - Operating profit for Q1 2023 was CNY 15,314,569.48, up from CNY 13,913,283.53 in the same period last year, reflecting a growth of 10.1%[21]. - Total revenue from sales of goods and services amounted to CNY 438,121,662.78, compared to CNY 338,727,320.29 in Q1 2022, indicating a year-over-year increase of 29.3%[24]. - The total comprehensive income for Q1 2023 was CNY 14,658,879.43, compared to CNY 11,688,017.91 in the previous year, showing a growth of 25.4%[22]. Earnings and Shareholder Metrics - Basic earnings per share for the period was CNY 0.06, up by 50.00% year-on-year[6]. - Diluted earnings per share also stood at CNY 0.06, showing a 50.00% increase compared to the same period last year[6]. - The company’s basic and diluted earnings per share for Q1 2023 were both CNY 0.06, compared to CNY 0.04 in Q1 2022, reflecting a 50% increase[22]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 54,041,260.94, marking a significant increase of 62.78% compared to the previous year[5]. - The company reported a net cash inflow from operating activities of CNY 54,041,260.94, which is an increase of 62.8% from CNY 33,199,792.47 in Q1 2022[24]. - Cash and cash equivalents at the end of Q1 2023 were CNY 167,898,728.69, a decrease from CNY 184,277,323.41 at the beginning of the quarter[25]. - The company's cash and cash equivalents increased to RMB 396,766,612.18 as of March 31, 2023, compared to RMB 298,817,597.85 at the end of 2022, representing a growth of 32.8%[16]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,299,846,758.36, a 1.47% increase from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 2,299,846,758.36, a slight increase from RMB 2,266,472,217.02 at the end of 2022[18]. - Total liabilities increased to RMB 763,410,161.21 as of March 31, 2023, compared to RMB 744,694,499.30 at the end of 2022, indicating a rise of 2.9%[18]. - The company's total equity reached RMB 1,536,436,597.15 as of March 31, 2023, up from RMB 1,521,777,717.72 at the end of 2022, reflecting an increase of 1.0%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,849[12]. - The largest shareholder, Hangzhou Boss Industry Group Co., Ltd., holds 54.2% of the shares, totaling 97,026,750 shares[12]. Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 383,306,054.80, up from RMB 322,020,492.76 in Q1 2022, reflecting a growth of 19.1%[20]. - Research and development expenses rose to CNY 15,288,612.07, up from CNY 12,127,791.05, marking a 25.5% increase year-over-year[21]. - The company incurred financial expenses of CNY 3,777,756.43, significantly higher than CNY 1,307,483.42 in Q1 2022, indicating a rise of 189.5%[21]. Inventory and Payables - Inventory as of March 31, 2023, was RMB 201,711,972.83, compared to RMB 190,663,234.03 at the end of 2022, showing an increase of 5.4%[16]. - Accounts payable increased to RMB 315,805,053.76 as of March 31, 2023, compared to RMB 301,753,173.78 at the end of 2022, reflecting a growth of 4.7%[17]. - Short-term borrowings decreased to RMB 22,000,000.00 as of March 31, 2023, from RMB 27,571,321.92 at the end of 2022, a reduction of 20.0%[17]. Government Subsidies - The company received government subsidies amounting to CNY 2,130,450.48, which are closely related to its normal business operations[7].

Financial Performance - The company's operating revenue for 2022 was CNY 1,589,423,184.94, representing a 4.60% increase compared to CNY 1,519,457,858.12 in 2021[20] - The net profit attributable to shareholders of the listed company decreased by 60.95% to CNY 37,724,962.92 from CNY 96,614,229.97 in the previous year[20] - The basic earnings per share for 2022 was CNY 0.21, down 61.82% from CNY 0.55 in 2021[21] - The net cash flow from operating activities increased by 16.39% to CNY 226,176,562.75 compared to CNY 194,332,041.81 in 2021[20] - The total assets of the company as of December 31, 2022, were CNY 2,266,472,217.02, a 2.97% increase from CNY 2,201,012,577.03 in 2021[20] - The net profit after deducting non-recurring gains and losses was CNY 24,650,495.73, down 71.16% from CNY 85,464,913.12 in 2021[20] - The company's net assets attributable to shareholders increased by 3.63% to CNY 1,293,317,550.10 as of the end of 2022[20] Research and Development - The company launched China's first flushable sanitary napkin, Surelax, marking a significant innovation in the flushable materials technology field[28] - The R&D center produced approximately 110 technical research documents during the reporting period, enhancing the capabilities of the R&D team[28] - The company applied for 23 new patents, including 10 invention patents, and obtained 14 authorized patents, with a total of 112 authorized patents to date[28] - The company increased its R&D expenses by 7.77% to approximately 62.84 million RMB, reflecting its commitment to innovation[52] - The company employed 165 R&D personnel, accounting for 12.51% of the total workforce, indicating a strong focus on innovation[62] Operational Efficiency and Innovations - The company implemented a digital workshop and developed an IPS system to enhance cost control and operational efficiency amid rising raw material costs[29] - The company established three wet production lines, with over 40% of its production capacity being low-carbon and biodegradable flushable products[30] - The company received multiple honors, including recognition as a "Future Factory" and a "Smart Factory" for its digital workshop initiatives[30] - Guoguang's subsidiary, Nachiko, improved automation to over 95%, reducing overall operating costs by 33.3% and product defect rates by 87.5%[31] Market and Industry Trends - The industry’s capacity utilization rate increased from approximately 50% in Q1 2022 to over 70% by year-end, with more than 20% of surveyed companies exceeding 90% utilization[35] - The total fiber processing volume in the industrial textile industry reached 1,960 million tons, a year-on-year increase of 1.1%[35] - The profit margin for the industrial textile industry was 4.7%, down 0.5 percentage points year-on-year, marking one of the lowest levels in recent years[35] - The export value of the industrial textile industry was $44.15 billion, a year-on-year decrease of 15.9%[42] Financial Management and Investments - The company plans to focus on equipment upgrades, intelligent transformation, and green manufacturing in fixed asset investments[45] - The company is focusing on high-quality investments, with 66.2% of firms planning to invest in equipment upgrades and green transformations in 2023[41] - The company has a structured approach to employee compensation, balancing internal equity and external competitiveness[108] - The company has established internal control management systems to ensure the proper use of raised funds[144] Governance and Shareholder Structure - The company has appointed new independent directors to enhance governance and oversight[84] - The company held its second extraordinary general meeting on November 25, 2022, where the election of the sixth board of directors and supervisory board was approved[88] - The company has a clear framework for managing subsidiaries to promote healthy development and protect investor rights[118] - The company’s governance structure includes a remuneration and assessment committee[95] Environmental Commitment - The company invested 3.0219 million yuan in environmental protection during the reporting period[120] - The company is classified as a key wastewater monitoring enterprise in Zhejiang Province, emphasizing its commitment to environmental protection[122] - The company has established a standardized wastewater treatment facility, ensuring compliance with municipal discharge standards[126] - The company has received various environmental management system certifications, including ISO 14001:2015 for environmental management[122] Risks and Challenges - The company faces significant market competition risks due to oversupply in the non-woven fabric market, which may impact profitability[77] - Major raw materials constitute a large portion of production costs, and fluctuations in prices of viscose fiber, polyester fiber, and pulp may adversely affect profitability[77] - The company is exposed to exchange rate risks due to its reliance on USD and EUR for import and export transactions, which may lead to increased foreign exchange losses[77] Future Outlook - The company aims to become a global leader in green healthcare products, focusing on human health care and innovative R&D[74] - In 2023, the company will implement a business theme of "ecological reconstruction to activate stock and maintain market" with a focus on high-end and scalable development[75] - The industry is expected to recover to a medium-speed growth rate of around 5% in 2023, with improved profitability[45]

Financial Performance - The company's operating revenue for Q3 2022 was ¥381,467,595.64, representing an increase of 11.38% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥8,942,593.98, a decrease of 60.68% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥5,725,034.90, down 73.16% from the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.05, a decline of 70.59% compared to the same period last year[6]. - The net profit attributable to shareholders for the year-to-date was ¥30,440,068.34, down 68.59% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 1,100,163,926.31, a decrease of 3.8% compared to CNY 1,143,052,942.20 in the same period of 2021[19]. - Net profit for the third quarter was CNY 44,214,856.46, down 63.3% from CNY 120,491,052.65 in the same quarter of 2021[20]. - Earnings per share (EPS) for the third quarter was CNY 0.17, compared to CNY 0.55 in the same period last year, reflecting a decline of 69.1%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,242,330,849.39, an increase of 1.88% from the end of the previous year[6]. - As of September 30, 2022, total current assets amounted to RMB 814,696,565.63, an increase from RMB 767,800,048.70 in the previous year[15]. - Total assets reached RMB 2,242,330,849.39, compared to RMB 2,201,012,577.03 at the end of 2021[15]. - The total liabilities decreased to CNY 716,816,472.12 from CNY 733,667,966.22 year-over-year[16]. - The total equity increased to CNY 1,525,514,377.27 from CNY 1,467,344,610.81 in the previous year[16]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥183,501,703.04, reflecting a growth of 19.14%[6]. - The net cash flow from operating activities was $183,501,703.04, an increase from $154,027,723.54 in the previous quarter, reflecting a positive trend in operational efficiency[25]. - The total cash outflow from investing activities was $320,801,215.16, compared to $479,385,200.28 in the previous quarter, indicating a reduction in investment expenditures[25]. - The net cash flow from financing activities was -$53,180,320.63, an improvement from -$87,965,845.04 in the previous quarter, suggesting better management of financing costs[25]. - The cash inflow from investment activities totaled $187,012,198.26, down from $356,134,554.86, highlighting a decline in investment returns[25]. - The company reported a net increase in cash and cash equivalents of $12,679,048.30, a recovery from a decrease of -$62,054,954.98 in the previous quarter[26]. Operational Challenges - The company reported a decrease in revenue due to rising raw material costs and a decline in sales[10]. - The company has not disclosed any new product developments or market expansion strategies in this report[10]. - The company has not provided any significant updates regarding new products, technologies, or market expansion strategies in the current report[14]. Other Financial Metrics - The weighted average return on equity for Q3 2022 was 0.70%, a decrease of 1.22 percentage points compared to the same period last year[6]. - Cash paid for employee compensation was $138,283,062.55, slightly lower than $139,631,965.40 in the previous quarter, reflecting stable labor costs[25]. - The cash paid for taxes decreased significantly to $22,370,686.88 from $84,320,646.13, indicating improved tax efficiency[25]. - Research and development expenses for the first three quarters were CNY 43,872,192.48, slightly up from CNY 41,323,291.05 in the same period of 2021[19]. - The company reported a financial expense of CNY -15,201,611.81, a significant improvement compared to CNY 3,430,220.22 in the previous year[19].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥718.70 million, a decrease of 10.23% compared to ¥800.57 million in the same period last year[14]. - The net profit attributable to shareholders for the first half of 2022 was ¥21.50 million, down 71.02% from ¥74.17 million year-on-year[14]. - The net profit after deducting non-recurring gains and losses was ¥10.07 million, a decline of 85.39% compared to ¥68.92 million in the previous year[14]. - The net cash flow from operating activities was ¥90.88 million, which is 18.31% lower than ¥111.24 million in the same period last year[14]. - Basic earnings per share for the first half of 2022 were ¥0.12, a decrease of 71.43% from ¥0.42 in the same period last year[15]. - The weighted average return on net assets was 1.71%, down 4.57 percentage points from 6.28% in the previous year[15]. - The company achieved operating revenue of CNY 718.7 million, a decrease of 10.23% compared to the same period last year[28]. - The net profit attributable to the parent company was CNY 21.5 million, down 71.02% year-on-year[28]. - The company reported a total of 1,626,900 restricted shares held by core staff, with 813,450 shares becoming tradable on September 23, 2022[90]. - The company reported a profit distribution of -70,275,000.00 CNY to shareholders during the period[120]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2.28 billion, an increase of 3.37% from ¥2.20 billion at the end of the previous year[14]. - The total assets of Hangzhou Guoguang amounted to RMB 541.70 million, with a net profit of RMB 3.03 million for the current period[39]. - Naki Co. reported total assets of RMB 800.20 million and a net profit of RMB 21.96 million for the current period[39]. - Bangyi Technology's total assets were RMB 50.97 million, generating a net profit of RMB 3.51 million[39]. - Kanna Medical had total assets of RMB 110.13 million, but reported a net loss of RMB 5.14 million for the current period[39]. - The company's total assets increased to CNY 1,241,421,988.43 from CNY 1,222,054,099.46, marking a growth of 1.6%[102]. - The company's total assets at the end of the reporting period were 1,488,562,433.83 CNY[122]. - The total liabilities increased to ¥786,700,278.83 from ¥733,667,966.22, which is an increase of about 7.2%[98]. - Total liabilities decreased slightly to CNY 153,809,455.93 from CNY 156,300,486.21, a decline of 1.0%[102]. Cash Flow - The company's cash and cash equivalents increased to ¥240,437,197.57 from ¥225,922,174.81, representing a growth of approximately 5.5%[96]. - Cash flow from operating activities generated a net amount of CNY 90.88 million, a decrease of 18.3% from CNY 111.24 million in the first half of 2021[111]. - Cash flow from investing activities resulted in a net outflow of CNY 56.82 million, compared to a net outflow of CNY 62.40 million in the same period of 2021[112]. - Cash flow from financing activities generated a net inflow of CNY 1.78 million, contrasting with a net outflow of CNY 49.85 million in the first half of 2021[112]. - The total cash inflow from operating activities reached CNY 412,786,866.63, compared to CNY 351,291,615.77 in the previous year, marking an increase of 17.5%[115]. - The company reported a total cash outflow from financing activities of CNY 1,151,010.00, a decrease from CNY 20,952,015.00 in the same period last year, indicating a reduction of 94.5%[116]. Market and Industry Trends - The industrial added value of the textile industry showed a recovery in Q1 2022, but the overall economic and production recovery remained slow, with a sector index of 46.9 indicating contraction[20]. - The production of non-woven fabric enterprises decreased by 1.9% year-on-year in the first half of 2022, with exports of roll materials dropping by 15.3% to $2.03 billion[20]. - The disposable hygiene products export increased by 16.5% to $1.37 billion, while exports of masks and protective clothing saw declines of 68.2% and 60.2% respectively[20]. - The women's hygiene products market in China grew from 56.3 billion to 61.78 billion yuan from 2018 to 2021, with a compound annual growth rate of 3.1%[22]. - The market for dry wipes has seen significant growth, driven by consumer demand for convenience and effectiveness in cleaning applications[22]. - The company anticipates a recovery in industry production and revenue growth due to supportive government policies and improved market conditions[21]. - The export market for traditional products is expected to maintain a positive trend as external demand continues to recover[21]. Research and Development - The company has a production capacity of nearly 80,000 tons per year, leading in the domestic water-jet non-woven materials industry[26]. - The company’s R&D expenses were CNY 29.3 million, a slight decrease of 3.94% from the previous year[32]. - The company is committed to continuous innovation in technology and product development, aiming to expand into high-value new product areas[26]. - The company has established a new strategy focusing on health care and green products, targeting the daily care consumer sector[28]. Environmental Compliance - The company has received various environmental certifications, including ISO 9001 and ISO 14001, and is recognized as a key wastewater monitoring enterprise in Zhejiang Province[49]. - The company reported a total wastewater discharge of 83,508 tons against a permitted limit of 413,200 tons, indicating compliance with environmental standards[51]. - The company’s COD discharge concentration was 40.64 mg/L, well below the standard limit of 500 mg/L, with a total discharge of 3.53 tons, remaining within the permissible range[51]. - The company has established a water reuse treatment system that processes wastewater to meet municipal discharge standards, ensuring compliance with environmental regulations[52]. - The company has committed to various environmental protection measures, including the development of new technologies and production lines aimed at reducing emissions and enhancing sustainability[54]. Shareholder and Governance - The company commits to avoiding competition with its subsidiaries and protecting the rights of minority shareholders[61]. - The company will take effective measures to prevent any business competition with its subsidiaries, ensuring compliance with relevant laws and regulations[62]. - The actual controller of the company, Mr. Ren Jianhua, has pledged not to transfer or manage shares held prior to the issuance for 36 months post-listing[66]. - The controlling shareholder, Hangzhou Boss Industrial Group Co., Ltd., commits not to transfer or manage its shares for 36 months post-listing, with an automatic extension of the lock-up period by six months if the stock price falls below the issue price for 20 consecutive trading days within the first six months[67]. - Directors and senior management, including Zhang Jie and Ren Fujia, commit to not transfer their shares for 36 months post-listing, with a maximum of 25% of their holdings allowed for transfer annually during their tenure[68]. - The company will ensure that any income gained from violations of the lock-up commitments will be returned to the issuer within five days[68]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[131]. - The accounting period for the company runs from January 1 to December 31 each year[132]. - The company applies specific accounting policies for financial instruments, including impairment, depreciation, and revenue recognition[136]. - Financial assets are classified into three categories upon initial recognition: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[141]. - The company recognizes revenue based on the progress of performance obligations, confirming income at the point when control of goods or services is transferred to the customer[186].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 335,014,332.38, representing a decrease of 27.58% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 7,604,125.55, down 85.00% year-on-year[5]. - The basic earnings per share decreased to CNY 0.04, reflecting a decline of 85.71% compared to the previous year[6]. - In Q1 2022, the company's net profit was CNY 11,688,017.91, a decrease of 81.5% compared to CNY 63,350,697.44 in Q1 2021[20]. - The company's operating profit was CNY 13,913,283.53, significantly lower than CNY 81,535,600.74 in Q1 2021, reflecting a decline of 83.0%[20]. - The total revenue from operating activities was CNY 391,949,794.99, down 33.4% from CNY 588,807,808.34 in the same period last year[24]. - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[19]. Cash Flow and Investments - The net cash flow from operating activities was CNY 33,199,792.47, a decrease of 55.80% year-on-year[10]. - The cash flow from operating activities was CNY 33,199,792.47, down 55.8% from CNY 75,105,356.72 in Q1 2021[24]. - The company incurred a net cash outflow from investing activities of CNY 61,840,744.00, compared to a smaller outflow of CNY 40,105,781.14 in the previous year[24]. - The total cash inflow from financing activities was CNY 123,096,500.00, a decrease of 23.1% compared to CNY 160,000,000.00 in Q1 2021[25]. - The company reported a cash and cash equivalents balance of CNY 84,322,303.61 at the end of Q1 2022, compared to CNY 157,141,064.19 at the end of Q1 2021[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,259,883,910.22, an increase of 2.67% from the end of the previous year[6]. - Total assets as of March 31, 2022, amounted to RMB 2,259,883,910.22, compared to RMB 2,201,012,577.03 at the end of 2021, indicating a growth of 2.6%[16]. - Total liabilities increased to RMB 777,276,031.50 from RMB 733,667,966.22 at the end of 2021, representing a rise of 5.9%[17]. - The company's total equity as of March 31, 2022, was RMB 1,482,607,878.72, up from RMB 1,467,344,610.81 at the end of 2021, showing an increase of 1.0%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,400[12]. Research and Development - Research and development expenses decreased by 32.12%, attributed to changes in R&D projects during the period[10]. - Research and development expenses amounted to CNY 12,127,791.05, a decrease of 32.3% from CNY 17,865,833.26 in the previous year[20]. Other Financial Metrics - The weighted average return on equity was 0.61%, a decrease of 3.73 percentage points compared to the previous year[6]. - The company reported a significant increase of 170.85% in trading financial assets due to increased investment management amounts[10]. - Accounts receivable increased to RMB 194,437,494.10 from RMB 179,066,253.09 at the end of 2021, reflecting a growth of 8.1%[15]. - Cash and cash equivalents as of March 31, 2022, were RMB 213,227,970.57, a decrease from RMB 225,922,174.81 at the end of 2021[15]. - Inventory as of March 31, 2022, was RMB 270,708,286.07, slightly down from RMB 273,516,060.10 at the end of 2021[15]. - Short-term borrowings increased to RMB 105,121,650.68 from RMB 69,996,618.59 at the end of 2021, reflecting a significant rise of 50.2%[16]. - The company experienced a foreign exchange loss of CNY 991,395.16 during the quarter, compared to a loss of CNY 1,387,781.12 in Q1 2021[25].

Financial Performance - The company's operating revenue for 2021 was CNY 1,519,457,858.12, a decrease of 24.40% compared to CNY 2,009,936,921.40 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 96,614,229.97, down 63.79% from CNY 266,808,448.27 in 2020[21] - The basic earnings per share for 2021 was CNY 0.55, a decline of 64.05% compared to CNY 1.53 in 2020[22] - The net profit after deducting non-recurring gains and losses was CNY 85,464,913.12 for 2021, a decrease of 67.03% from CNY 259,222,212.22 in 2020[21] - The diluted earnings per share for 2021 was CNY 0.54, down 64.71% from CNY 1.53 in 2020[22] - The company's total assets at the end of 2021 were CNY 2,201,012,577.03, a decrease of 3.92% from CNY 2,290,859,682.95 at the end of 2020[21] - The net cash flow from operating activities for 2021 was CNY 194,332,041.81, down 64.86% from CNY 553,045,951.96 in 2020[21] - The weighted average return on equity for 2021 was 8.12%, a decrease of 18.38 percentage points from 26.50% in 2020[22] Production and Capacity - The company completed the construction of a digital intelligent warehousing center, achieving full digital operation from raw material storage to product delivery[29] - Two new production lines (Line 11 and Line 12) were put into operation in the second half of the year, significantly increasing the company's production capacity[30] - The company has a production capacity of nearly 80,000 tons per year, with eleven water-jet production lines, leading in the domestic non-woven materials industry[42] - The sales volume of water-jet non-woven materials was 44,095,948.65 kg, a decrease of 1.05% year-on-year[50] Research and Development - The company holds a total of 165 patents, including 52 invention patents, emphasizing its commitment to product research and development[30] - The company’s R&D expenses were CNY 58,306,798.37, a decrease of 14.70% compared to the previous year, reflecting adjustments in some R&D projects[48] - The number of R&D personnel is 135, making up 10.19% of the total workforce[58] - The company is committed to increasing its investment in research and development to drive innovation and industry disruption[69] Market and Sales - The company achieved operating revenue of CNY 1,519,457,858.12, a decrease of 24.40% compared to the previous year[45] - The company’s marketing team has shown rapid growth in overseas sales, leveraging professional knowledge and international marketing experience[44] - The top five customers contributed sales of 410.63 million yuan, accounting for 27.22% of total annual sales[54] - The company is actively pursuing market expansion strategies, targeting Southeast Asia with an expected investment of 200 million over the next two years[82] Environmental Responsibility - The company is recognized as a key wastewater monitoring enterprise in Zhejiang Province, emphasizing its commitment to environmental protection[113] - The company has achieved various environmental management certifications, including ISO 9001 and ISO 14001, and has received accolades such as the National Textile Industry Energy Conservation and Emission Reduction Technology Application Demonstration Enterprise[113] - The company has implemented a water reuse treatment system that processes wastewater to meet municipal discharge standards, ensuring compliance with environmental regulations[115] Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[73] - The independent directors did not hold any shares during the reporting period, indicating a focus on governance[79] - The company has not encountered any significant changes in competition from controlling shareholders or actual controllers[74] - The company has a structured performance evaluation and incentive mechanism for senior management, approved by the board of directors[109] Financial Management - The company has committed RMB 100 million to entrusted financial management, with an outstanding balance of RMB 40 million and no overdue amounts[151] - The total remuneration for directors and senior management during the reporting period amounted to 421.66 million yuan[79] - The company has a clear and transparent cash dividend policy that aligns with its articles of association and shareholder resolutions[106] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 25% driven by new product launches and market expansion[82] - Future guidance includes an expected EBITDA margin improvement of 5% as operational efficiencies are realized[82] - The company aims to transform from a non-woven fabric processor to a manufacturer of non-woven products, focusing on high-end medical care and daily health industries[69]