证券代码：603326 证券简称：我乐家居 公告编号：2023-031 南京我乐家居股份有限公司 关于独立董事任职期限到期辞职的公告 姚欣先生担任公司独立董事期间，始终恪尽职守、勤勉尽职、独立公正，忠 实履行独立董事的职责与义务，为促进公司规范运作和高质量发展等方面做出了 重要贡献。公司董事会对姚欣先生在任职期间忠实、勤勉、尽职的工作和对公司 发展所作的杰出贡献予以高度评价，并表示诚挚的敬意和衷心的感谢。 特此公告。 南京我乐家居股份有限公司董事会 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。 南京我乐家居股份有限公司（以下简称"公司"）独立董事姚欣先生自 2017 年 8 月 21 日起担任独立董事职务，至 2023 年 8 月 21 日在公司连续任职独立董 事时间已满六年。根据上市公司独立董事任职年限的有关规定，姚欣先生申请辞 去公司第三届董事会独立董事职务以及在第三届董事会专业委员会中担任的全 部职务。姚欣先生辞职后，将不再担任公司任何职务。 鉴于姚欣先生辞去公司独立董事后，将导致公司第三届董事会中独立董事人 数 ...

证券代码：603326 证券简称：我乐家居 公告编号：2023-017 南京我乐家居股份有限公司 关于参加沪市智能家居行业上市公司 2022 年度暨 2023 年第一季度集体业绩说明会的公告 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个别及连带责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/roadshowDisplay.do?tag=home） 投资者可于 2023 年 05 月 26 日(星期五) 至 06 月 01 日(星期四)16:00 前 通过公司邮箱 olozq@olo-home.com 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。 会议召开时间：2023 年 06 月 02 日(星期五) 下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心 南京我乐家居股份有限公司（以下简称"公司"）已分别于 2023 年 4 月 22 日、2023 年 4 月 29 日披露了公司 2022 年度报告和 2023 年第一季度报告，为便 于广大投资者更全面深入地了 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥264,871,069.74, representing a decrease of 16.89% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥6,645,449.78, down 50.66% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 328.76%[5]. - The basic earnings per share were ¥0.0211, reflecting a decline of 49.52% compared to the previous year[5]. - Total operating revenue for Q1 2023 was ¥264,871,069.74, a decrease of 17.0% compared to ¥318,684,425.96 in Q1 2022[21]. - Net profit for Q1 2023 was ¥6,645,449.78, a decline of 50.7% from ¥13,469,642.40 in Q1 2022[22]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.0211, down from ¥0.0418 in Q1 2022[23]. - The company reported a financial expense of ¥3,963,927.77 in Q1 2023, up from ¥2,282,973.91 in Q1 2022, indicating an increase of 73.7%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,203,518,688.71, a slight increase of 0.07% from the end of the previous year[5]. - The company's current assets totaled RMB 725,434,676.03, up from RMB 701,474,331.74 at the end of 2022, indicating a growth of approximately 3.5%[15]. - Total liabilities amounted to RMB 1,235,215,575.14, slightly up from RMB 1,235,855,713.50, indicating a marginal decrease[16]. - Total liabilities as of March 31, 2023, were ¥1,175,307,176.78, slightly down from ¥1,176,546,380.81 at the end of 2022[17]. - Total equity attributable to shareholders increased to ¥1,028,211,511.93 in Q1 2023 from ¥1,025,362,010.29 in Q4 2022[17]. - Total assets increased to CNY 2,215,349,472.17 as of January 1, 2023, reflecting an increase of CNY 13,441,081.07 from the previous period[29]. - Total liabilities increased from 1,176,546,380.81 to 1,193,783,410.02, reflecting an increase of 17,237,029.21[31]. - Non-current liabilities rose from 421,120,935.67 to 438,357,964.88, an increase of 17,237,029.21[31]. - Total equity attributable to shareholders decreased from 1,025,362,010.29 to 1,021,566,062.15, a decline of 3,795,948.14[31]. Cash Flow - The net cash flow from operating activities was ¥13,008,880.56, with an increase attributed to better cash receipts from sales compared to the previous year[7]. - Cash inflow from operating activities totaled ¥335,708,261.18 in Q1 2023, slightly down from ¥341,684,327.74 in Q1 2022[24]. - The cash outflow from investing activities was CNY 47,583,714.56 in Q1 2023, down from CNY 532,994,718.12 in Q1 2022, resulting in a net cash flow from investing activities of CNY -46,199,022.85[25]. - Cash inflow from financing activities totaled CNY 59,062,039.70 in Q1 2023, compared to CNY 78,572,702.65 in Q1 2022, with a net cash flow of CNY 42,856,455.31[26]. - The company paid CNY 82,336,851.63 in employee compensation in Q1 2023, down from CNY 112,767,873.74 in Q1 2022, indicating a reduction of approximately 27%[25]. - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health compared to the previous year[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,159[9]. - The company reported a total of 11,971,332 shares held by shareholder Yu Fanyi, indicating significant ownership concentration[12]. - NINA YANTI MIAO is identified as the controlling shareholder, with a substantial holding of 202,319,040 shares[12]. Inventory and Borrowings - The company's inventory increased to RMB 113,332,344.40 from RMB 102,446,573.44, marking an increase of about 10.5%[15]. - Short-term borrowings rose to RMB 103,878,693.60 from RMB 80,951,949.99, representing an increase of approximately 28.2%[16]. - The company's long-term borrowings increased to RMB 321,618,005.51 from RMB 291,786,268.75, which is an increase of approximately 10.2%[16]. - The accounts payable decreased to RMB 131,720,506.33 from RMB 144,425,060.77, showing a decline of about 8.8%[16]. Accounting Policies - The company adjusted its accounting policies in accordance with the new accounting standards effective from January 1, 2023, impacting the financial statements[26].

Financial Performance - In 2022, the company achieved a revenue of 1,666.28 million RMB and a net profit of 140.52 million RMB[3]. - The company's operating revenue for 2022 was CNY 1,666,284,057.43, a decrease of 3.43% compared to CNY 1,725,442,589.47 in 2021[25]. - The net profit attributable to shareholders for 2022 was CNY 140,515,736.85, a significant recovery from a loss of CNY 161,887,491.02 in 2021[25]. - The net cash flow from operating activities increased by 183.12% to CNY 278,463,046.08 in 2022, compared to CNY 98,354,333.93 in 2021[25]. - The total assets as of the end of 2022 were CNY 2,201,908,391.10, down 8.97% from CNY 2,418,905,697.96 at the end of 2021[25]. - The basic earnings per share for 2022 was CNY 0.45, recovering from a loss of CNY 0.50 per share in 2021[26]. - The weighted average return on equity increased to 14.88% in 2022, up 31.36 percentage points from -16.48% in 2021[26]. - The company reported a net profit of CNY 46,657,699.22 in Q4 2022, following a steady increase throughout the year[27]. - The total net assets attributable to shareholders increased by 17.34% to CNY 1,025,362,010.29 at the end of 2022, compared to CNY 873,873,454.95 at the end of 2021[25]. Product Development and Innovation - The company launched new minimalist products "Ladybower" and "Arch," which won the Red Dot Design Award and were shortlisted for the German iF Award, enhancing product competitiveness[4]. - The company introduced new cross-border IP theme products such as "Wujie," "Dunhuang," "Langsi," and "Yinruo," showcasing a blend of fashion and comfort in modern home styles[4]. - The company emphasizes original design and aesthetic upgrades, responding to the evolving consumer demand for personalized home solutions[4]. - The company launched multiple new product series, including the "Wujie" and "Dunhuang" series, expanding its product matrix to offer comprehensive home solutions[34]. - The company filed for 97 new patents and 25 product copyrights during the reporting period, enhancing its product uniqueness[33]. Strategic Initiatives - The company implemented a brand upgrade strategy focusing on high-end markets, utilizing cross-marketing through popular dramas and live broadcasts to engage younger consumers[5]. - The company is committed to digital transformation, optimizing front-end service processes and enhancing operational efficiency through smart manufacturing, aiming for high-quality development[6]. - In 2023, the company plans to continue strengthening its product, brand, and channel capabilities to achieve further high-quality growth[6]. - The company is enhancing its retail channels by upgrading stores and exploring multi-channel sales models, integrating online and offline strategies[5]. - The company aims to provide a one-stop comprehensive solution by extending its product matrix to include kitchen cabinets, doors, walls, and soft furnishings[44]. Market Trends and Challenges - The furniture manufacturing industry in China saw a revenue of CNY 762.41 billion in 2022, a year-on-year decline of 8.10%[41]. - The sales area of residential properties in China decreased by 26.80% year-on-year, totaling 1,146.31 million square meters in 2022[41]. - The sales revenue of residential properties fell by 28.30% year-on-year, amounting to CNY 1,167.47 billion in 2022[41]. - The company faces risks from intensified market competition, particularly in the customized furniture sector, which is attracting more competitors[100]. - The real estate market's fluctuations may impact furniture demand, but ongoing urbanization and housing renovations are expected to sustain market growth[100]. Corporate Governance and Compliance - The company is committed to maintaining a robust corporate governance structure, ensuring equal rights for all shareholders and transparent decision-making processes[105]. - The board of directors operated in accordance with the Company Law and the Articles of Association, ensuring compliance and scientific decision-making[106]. - The company disclosed information accurately and timely through designated newspapers and the Shanghai Stock Exchange website, ensuring fair access for all investors[107]. - The company’s financial transparency and governance practices were confirmed to be in compliance with regulatory requirements[107]. - The company has established effective control measures over its subsidiaries, including authority, personnel, performance, financial, and information controls[141]. Environmental and Social Responsibility - The company invested 68.77 million RMB in environmental protection during the reporting period[146]. - The company reduced carbon emissions by 141 tons through energy recovery projects, saving approximately 180,000 kWh of electricity annually[150]. - The company has donated over 43,135 sets of desks and chairs to more than 650 schools as part of its "Orange Desk Plan" charity initiative[150]. - The company has established an emergency response plan for environmental incidents, which has been filed with local ecological authorities[147]. - The company has not faced any significant administrative penalties related to environmental issues during the reporting period[147]. Shareholder and Financial Policies - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares to shareholders, reflecting its commitment to returning value to investors[10]. - The total cash dividend amount for 2022 is 47,326,902 RMB, which represents 33.68% of the net profit attributable to ordinary shareholders for the same period[136]. - The company did not distribute any cash dividends for the 2021 fiscal year, as approved in the 2021 annual general meeting[132]. - The company has a structured compensation system that ties remuneration to performance and responsibilities[115]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management to enhance operational efficiency and management effectiveness[139].

Financial Performance - The company's operating revenue for Q3 2022 was ¥461,247,260.31, a decrease of 7.19% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥53,481,555.83, an increase of 8.33% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,702,791.21, up 10.49% from the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.1660, reflecting a 6.55% increase compared to the same period last year[5]. - The company reported a net profit increase for the first nine months of 2022 compared to the same period in 2021, although specific figures were not provided in the extracted content[17]. - Total operating revenue for the first three quarters of 2022 was CNY 1,172,434,495.51, a decrease of 5.6% compared to CNY 1,241,859,257.51 in the same period of 2021[18]. - Total operating costs for the first three quarters of 2022 were CNY 1,076,376,892.46, down 5.7% from CNY 1,141,341,344.68 in 2021[18]. - Operating profit for the first three quarters of 2022 was CNY 115,442,086.21, slightly down from CNY 117,380,000.44 in 2021, representing a decrease of 1.6%[19]. - Net profit for the first three quarters of 2022 was CNY 93,858,037.63, a decline of 7.4% compared to CNY 101,893,072.51 in the same period of 2021[20]. - Basic and diluted earnings per share for the first three quarters of 2022 were CNY 0.2914, down from CNY 0.3169 in 2021, reflecting a decrease of 8.5%[20]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥167,916,855.13, with no comparative data available for the current quarter[5]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 167,916,855.13, a significant improvement compared to a negative cash flow of CNY 142,239,445.68 in 2021[24]. - Cash received from sales of goods and services was CNY 1,288,876,239.88, a decrease of 2.3% from CNY 1,319,437,910.42 in the same period of 2021[23]. - Total cash outflow from operating activities was CNY 1,206,107,878.58, down from CNY 1,604,130,912.88 in 2021, indicating a reduction of 24.7%[24]. - Investment cash inflow for the first three quarters of 2022 was CNY 794,099,534.02, compared to CNY 999,081,528.31 in 2021, reflecting a decrease of 20.5%[24]. - The company reported a net cash flow from investment activities of CNY 639,342,152.72 after accounting for cash outflows[24]. - Cash flow from investment activities for the first three quarters of 2022 was -$159,957,847.28, an improvement from -$235,938,738.43 in the same period of 2021, indicating a reduction in cash outflow by approximately 32.0%[25]. - The company reported a total cash flow from investment activities of -$954,057,381.30 for the first three quarters of 2022, down from -$1,235,020,266.74 in 2021, showing a decrease of about 22.8%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,152,451,755.48, a decrease of 11.02% from the end of the previous year[5]. - Current assets decreased to CNY 778,479,031.90 from CNY 1,071,642,464.23, representing a reduction of about 27.3%[13]. - Cash and cash equivalents dropped significantly from CNY 377,717,420.97 to CNY 204,993,488.83, a decline of approximately 45.7%[13]. - Total liabilities decreased to CNY 1,173,733,374.41 from CNY 1,545,032,243.01, indicating a reduction of around 23.9%[15]. - The company's equity attributable to shareholders increased to CNY 978,718,381.07 from CNY 873,873,454.95, marking an increase of approximately 12%[16]. - Short-term borrowings significantly reduced from CNY 239,054,635.58 to CNY 61,012,263.89, a decrease of about 74.5%[15]. - Accounts receivable rose to CNY 199,570,036.84 from CNY 160,762,322.42, reflecting an increase of approximately 24.2%[13]. - Inventory decreased from CNY 117,601,546.74 to CNY 100,725,351.36, a decline of about 14.4%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,817[8]. - The equity attributable to shareholders at the end of the reporting period was ¥978,718,381.07, an increase of 12.00% year-on-year[5]. Government Support - The company received government subsidies amounting to ¥4,238,314.74 during the quarter, contributing to its non-recurring gains[6]. Strategic Focus - The company is focusing on expanding its market presence and enhancing product development strategies, although detailed plans were not specified in the extracted content[17].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 711,187,235.20, a decrease of 4.52% compared to CNY 744,868,615.81 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was CNY 40,376,481.80, down 23.13% from CNY 52,522,865.97 in the previous year[18]. - The net cash flow from operating activities improved to CNY 21,010,819.14, compared to a negative cash flow of CNY 87,052,565.77 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were CNY 0.1254, a decrease of 22.16% from CNY 0.1611 in the same period last year[19]. - The weighted average return on net assets was 4.52%, a slight decrease of 0.06 percentage points from 4.58% in the previous year[19]. - The company reported a decrease in the net profit after deducting non-recurring gains and losses, which was CNY 26,355,867.95, down 11.73% from CNY 29,859,715.44 in the previous year[18]. - The company reported a total of 202,319,040 shares held by the largest shareholder, NINA YANTI MIAO, representing 62.82% of the total shares[88]. - The total equity attributable to shareholders rose to CNY 925,236,825.24 from CNY 873,873,454.95, demonstrating a solid financial foundation for future growth[99]. Industry Overview - The furniture manufacturing industry saw a revenue of CNY 360.4 billion in the first half of 2022, a year-on-year decrease of 4%[24]. - The total profit for the furniture manufacturing industry was CNY 17.48 billion, representing a year-on-year increase of 2.6%[24]. Product Development and Innovation - The company launched several new product series in 2022, including the "Hidden," "Dunhuang," and "No Boundaries" series, focusing on unique design inspirations[24][25][26]. - The company emphasizes original design and has established an international home design center (ODC) to support product innovation[37]. - The company aims to enhance brand value through innovative design and high-quality products, aligning with consumer trends towards brand and quality consumption[24]. Sales and Revenue Channels - In the first half of 2022, the company's dealer business generated revenue of 520.96 million yuan, an increase of 18.92% year-on-year[41]. - Direct sales revenue reached 131.73 million yuan, reflecting a year-on-year growth of 15.12%[41]. - The bulk business revenue was 55.67 million yuan, a significant decline of 70.82% compared to the previous year[41]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by 35.64% to ¥243,112,980.64, accounting for 11.22% of total assets[51]. - The net cash flow from operating activities was ¥21,010,819.14, a significant recovery from a negative cash flow of -¥87,052,565.77 in the previous period[48]. - The company's cash and cash equivalents decreased to ¥168,812,729.46 from ¥297,913,601.76 at the end of the first half of 2021[113]. Research and Development - The company invested ¥24,731,539.94 in R&D, a decrease of 32.47% compared to ¥36,620,567.06 in the previous year[48]. - Research and development expenses for the first half of 2022 were CNY 5,629,453.82, down 43% from CNY 9,895,591.17 in the same period of 2021[109]. Risk Management - The company faces risks from intensified market competition in the custom furniture sector, which may impact operational performance[55]. - The company is exposed to raw material price volatility risks, which could affect cost control and overall performance[56]. - The company has implemented strategies to enhance brand differentiation and expand original product capabilities to maintain competitive advantage[55]. Environmental Responsibility - The company has not disclosed any significant environmental violations during the reporting period and adheres to pollution control measures[67]. - The company is committed to sustainable development and has obtained ISO 14001 certification for its environmental management system[68]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills to ensure compliance with environmental management requirements[67]. Shareholder and Capital Structure - The company has completed the repurchase and cancellation of 6,556,520 shares of restricted stock as part of its stock incentive plan[64]. - The total amount involved in litigation matters over the past twelve months is CNY 137.867 million, accounting for 12.31% of the company's audited net assets for 2020[74]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[63]. Financial Instruments and Accounting Policies - The company applies the equity method for investments in associates and joint ventures, recognizing its share of profits or losses[168]. - Financial assets are classified at initial recognition based on the company's business model and cash flow characteristics, affecting subsequent measurement[171]. - The company uses the expected credit loss model for impairment of financial assets, considering all reasonable and supportable information[177].

Store Operations - In 2021, the company opened 367 new stores, including 341 dealer stores and 26 direct-operated stores, while closing 112 stores, resulting in a total of 1,557 retail stores by year-end [3]. - The company opened 341 new distribution stores, bringing the total to 1,488 stores by the end of the reporting period [36]. - The total number of retail stores increased from 1,302 at the end of the previous year to 1,557, with 367 new openings and 112 closures during the year [94]. Financial Performance - The company reported a loss in performance despite revenue growth due to credit impairment provisions on receivables showing signs of impairment [6]. - The company's operating revenue for 2021 was approximately CNY 1.73 billion, an increase of 8.92% compared to CNY 1.58 billion in 2020 [25]. - The net profit attributable to shareholders was a loss of approximately CNY 161.89 million, a decrease of 173.73% from a profit of CNY 219.55 million in 2020 [25]. - The net cash flow from operating activities was CNY 98.35 million, down 55.14% from CNY 219.24 million in 2020 [25]. - The total assets at the end of 2021 were approximately CNY 2.42 billion, an increase of 22.17% from CNY 1.98 billion at the end of 2020 [25]. - The basic earnings per share for 2021 was -CNY 0.50, a decrease of 172.46% from CNY 0.69 in 2020 [26]. - The weighted average return on equity was -16.48%, a decrease of 37.66 percentage points from 21.18% in 2020 [26]. - The company reported a total of CNY 31.82 million in non-recurring gains and losses for 2021, compared to CNY 21.81 million in 2020 [30]. - The company achieved a total revenue of CNY 1,725.44 million in 2021, representing an 8.92% increase year-over-year [66]. - The company’s net cash flow from operating activities decreased by 55.14% to CNY 98.35 million, primarily due to increased payments for materials and salaries [69]. Strategic Focus - The company aims to enhance its retail competitiveness by integrating core resources and promoting data-driven operations, especially in response to the declining new housing demand [5]. - The company plans to focus on three strategic areas in 2022: product leadership, brand upgrade and marketing explosion, and breakthroughs in channels and new retail [6]. - The company is committed to providing a comprehensive product matrix, including whole-house customization, cabinets, doors, walls, and soft furnishings [3]. - The company is actively expanding its product matrix, introducing new series in whole-house customization and kitchen cabinets to meet evolving consumer demands [34]. - The company aims to build a sustainable talent development system, focusing on recruiting and nurturing high-potential employees [40]. - The company aims to strengthen brand influence by focusing on high-end positioning and upgrading brand strategy through innovative marketing [106]. Market Trends - The company acknowledges the structural changes in the home furnishing market driven by the second-hand and existing housing markets [5]. - The demand for customized furniture is expected to grow steadily due to the increasing rigid and improved housing needs driven by population structure and the three-child policy [43]. - The customized furniture market is experiencing a trend towards concentration, with leading companies expected to increase market share as weaker competitors exit the market [44]. - The integration of smart home technology is creating new growth opportunities in the customized furniture sector, driven by advancements in IoT and AI [44]. Product Development - The company launched 92 new patents, 26 software copyrights, and 44 product copyrights during the reporting period, enhancing its product innovation capabilities [34]. - The company launched several new product series in 2021, including the "Sequence" and "Between" series, focusing on original design and aesthetic integration [45][47]. - The company is focusing on high-end positioning and has upgraded its brand image across retail stores, enhancing brand influence through innovative marketing strategies [35]. Risk Management - The company has initiated a risk management task force to address collection difficulties arising from the financial strain on some real estate clients [5]. - The company faces risks from intensified market competition, with a shift from price competition to comprehensive competition in brand, channel, and talent [107]. - The company is exposed to raw material price fluctuation risks, which could adversely affect cost control and performance [108]. - The company is addressing risks related to real estate policy adjustments that may impact market demand for furniture products [109]. Governance and Management - The company has established a governance structure that ensures equal rights for all shareholders and maintains transparency in decision-making [114]. - The board of directors has completed a successful election and operates in compliance with relevant regulations to protect shareholder interests [115]. - The company’s management team has extensive experience in the industry, focusing on strategic planning and talent development [65]. - The company has a structured approach to remuneration that includes both basic and performance-based pay [125]. Environmental Responsibility - The company has not faced any significant environmental violations during the reporting period and adheres to pollution discharge standards [157]. - The company has replaced low VOCs raw materials in its UV spraying line to reduce carbon emissions [159]. - The company has established an environmental monitoring plan and conducts regular emergency drills for environmental incidents [157]. Financial Management - The company reported a credit impairment provision of 430.66 million yuan, with specific provisions for various subsidiaries [182]. - The company has initiated legal proceedings against Evergrande Group subsidiaries for a total of 81.69 million yuan due to non-acceptance of commercial acceptance bills [182]. - The company has a total of 111 million yuan in entrusted financial management with an annualized return rate of 1.83% [180]. - The company has consistently recovered returns from various financial products, indicating effective management of entrusted funds [178].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 318,684,425.96, representing a year-on-year increase of 13.23%[5] - The net profit attributable to shareholders for the same period was CNY 13,469,642.40, reflecting a growth of 15.65% compared to the previous year[5] - Basic and diluted earnings per share were both CNY 0.0418, marking an increase of 14.84% from the previous year[5] - Total operating revenue for Q1 2022 was CNY 318.68 million, an increase of 13.2% compared to CNY 281.44 million in Q1 2021[20] - Net profit for Q1 2022 reached CNY 13.47 million, representing a 15.7% increase from CNY 11.65 million in Q1 2021[21] Cash Flow - The net cash flow from operating activities showed a significant decline, amounting to -CNY 128,103,335.09, which is a decrease of 52.53% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY 128.10 million in Q1 2022, an improvement from a net outflow of CNY 269.87 million in Q1 2021[24] - Cash inflow from investment activities in Q1 2022 was CNY 420.26 million, significantly higher than CNY 186.11 million in Q1 2021[24] - Cash outflow from investment activities increased to CNY 532.99 million in Q1 2022 from CNY 272.22 million in Q1 2021[25] - Net cash flow from financing activities in Q1 2022 was CNY 64.19 million, down from CNY 184.73 million in Q1 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,184,483,048.77, down 9.69% from the end of the previous year[5] - The company's current assets decreased to CNY 845,422,406.55 from CNY 1,071,642,464.23, representing a reduction of about 21.0%[14] - The company's cash and cash equivalents dropped to CNY 211,556,593.38 from CNY 377,717,420.97, indicating a decline of approximately 44.0%[14] - The total liabilities decreased to CNY 1,296,064,827.60 from CNY 1,545,032,243.01, a reduction of about 16.1%[16] - The company's accounts receivable decreased to CNY 141,477,684.70 from CNY 160,762,322.42, a decline of about 12.0%[14] Equity - The equity attributable to shareholders increased to CNY 888,418,221.17, a rise of 1.66% compared to the previous year[5] - The total equity attributable to the parent company increased to CNY 888,418,221.17 from CNY 873,873,454.95, reflecting a growth of approximately 1.6%[17] - The company's total liabilities to equity ratio improved to approximately 1.46 from 1.77, indicating a decrease in financial leverage[16] Operational Insights - The increase in operating revenue was primarily driven by growth in both distribution and direct sales businesses compared to the same period last year[7] - The company plans to continue focusing on enhancing its core business and exploring new market opportunities to drive future growth[7] - Research and development expenses decreased to CNY 8.72 million in Q1 2022 from CNY 15.48 million in Q1 2021, a reduction of 43.5%[21] - The company's inventory increased to CNY 126,496,163.59 from CNY 117,601,546.74, indicating an increase of approximately 7.6%[14] - The company's total non-current assets slightly decreased to CNY 1,339,060,642.22 from CNY 1,347,263,233.73, a reduction of about 0.6%[15]

Financial Performance - The company's revenue for Q3 2021 was CNY 496,990,641.70, representing a year-over-year increase of 7.91%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 49,370,206.54, a decrease of 33.94% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,795,188.56, down 36.13% year-over-year[5] - For the first nine months of 2021, the company achieved operating revenue of RMB 1,241.86 million, a year-on-year increase of 24.33%[14] - The company's net profit attributable to shareholders for the first nine months of 2021 was RMB 101.89 million, a decrease of 16.55% compared to the same period last year[14] - In Q3 2021, the company recorded operating revenue of RMB 496.99 million, representing a year-on-year growth of 7.91%[14] - Total revenue for the first three quarters of 2021 reached ¥1,241,859,257.51, a 24.4% increase from ¥998,817,676.05 in the same period of 2020[23] - Net profit for the first three quarters of 2021 was ¥101,893,072.51, a decrease of 16.5% compared to ¥122,094,217.51 in 2020[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,410,074,722.98, an increase of 21.73% from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to ¥2,410,074,722.98, compared to ¥1,979,872,974.36 at the end of 2020, indicating growth in asset base[21] - Current liabilities increased to ¥997,679,722.06 from ¥716,403,782.92, primarily due to a rise in short-term borrowings[20] - Long-term borrowings surged to ¥163,474,425.73 from ¥21,260,000.00, indicating a strategic shift towards leveraging for growth[20] - Total liabilities increased from 859,982,054.15 to 879,854,893.64, a rise of 19,872,839.49[34] - Non-current liabilities rose from 143,578,271.23 to 162,688,496.05, an increase of 19,110,224.82[34] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -142,239,445.68, indicating a decrease in cash inflow[5] - Operating cash inflow for the first three quarters of 2021 was CNY 1,461,891,467.20, an increase of 44% compared to CNY 1,015,142,843.63 in the same period of 2020[28] - Net cash flow from operating activities for the first three quarters of 2021 was -CNY 142,239,445.68, a decrease from CNY 40,537,563.46 in the first three quarters of 2020[29] - Cash flow from investment activities for the first three quarters of 2021 was -CNY 235,938,738.43, compared to -CNY 180,845,420.44 in the same period of 2020[29] - Cash flow from financing activities for the first three quarters of 2021 was CNY 326,423,563.95, significantly up from CNY 14,088,450.08 in the first three quarters of 2020[29] - The net increase in cash and cash equivalents for the first three quarters of 2021 was -CNY 51,754,620.16, an improvement from -CNY 126,219,422.21 in the same period of 2020[30] Operational Changes - The company experienced increased marketing and personnel costs, contributing to the decline in net profit[8] - The company opened 273 new stores and closed 68 stores in the first nine months of 2021, resulting in a net increase of 205 stores, totaling 1,507 stores by the end of the reporting period[15] - The company faced challenges due to the COVID-19 outbreak in Nanjing, which affected logistics and production operations[13] - The company reported a significant increase in direct sales revenue, which grew by 59.65% year-on-year in the first nine months of 2021[14] - The company’s operating costs have risen due to increased raw material prices and extended production cycles caused by power supply constraints[13] Investment and Development - Research and development expenses for the first three quarters of 2021 were ¥52,011,634.88, significantly higher than ¥27,998,260.64 in 2020, highlighting a focus on innovation[24] - The company is focusing on strategic goals of product leadership, brand upgrading, and channel breakthroughs[16] - The company increased its investment in human resources and brand promotion to build an efficient organization and strengthen brand barriers[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,962[10] - The basic and diluted earnings per share for Q3 2021 were CNY 0.1558, down 33.98% compared to the same period last year[5] - The company reported a basic earnings per share of ¥0.3169, down from ¥0.3856 in the previous year, reflecting the decline in net profit[25] - The total equity attributable to shareholders increased to ¥1,144,960,123.36 from ¥1,119,890,920.21, indicating a stable equity position despite profit fluctuations[21]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥744.87 million, an increase of 38.38% compared to ¥538.26 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥52.52 million, up 10.91% from ¥47.36 million in the previous year[19]. - The net cash flow from operating activities was negative at ¥87.05 million, a decrease of 413.80% compared to a positive cash flow of ¥27.74 million in the same period last year[19]. - The total assets of the company increased by 14.88% to ¥2.27 billion from ¥1.98 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 2.86% to ¥1.09 billion from ¥1.12 billion at the end of the previous year[19]. - The basic earnings per share for the first half of 2021 was ¥0.1611, an increase of 7.69% compared to ¥0.1496 in the same period last year[20]. - The weighted average return on net assets was 4.58%, a decrease of 0.28 percentage points from 4.86% in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥29.86 million, down 11.39% from ¥33.70 million in the same period last year[19]. - The company reported a net profit of 4,269.01 million RMB for its subsidiary Nanjing Wo Le Home Furnishing Intelligent Manufacturing Co., with total assets of 126,199.82 million RMB[65]. Revenue and Sales Growth - The company achieved a revenue of 744.87 million yuan in the first half of 2021, representing a growth of 38.38% compared to the same period last year[45]. - The company opened 142 new dealer stores, bringing the total to 1,341, with dealer business revenue increasing by 42.83% to 438.07 million yuan[49]. - Direct retail business revenue reached 114.44 million yuan, a significant increase of 67.94% year-on-year, with 63 direct stores in operation[50]. - Total revenue growth driven by a 42.83% increase in distribution business, 67.94% in direct sales, and 17.66% in bulk business[55]. Product Development and Innovation - The company launched several new product series in the first half of 2021, including the "Chongsu," "Puzhi," "Luoya," "Xujie," and "Yika" series of customized furniture and kitchen cabinets[25][27][28][30]. - The company has developed a strong design team through original design and collaboration with global designers, resulting in 149 trademarks and 232 patents as of the reporting period[41]. - The company filed for 48 new patents and 13 new product copyrights during the reporting period, emphasizing its commitment to original design and innovation[46]. - The company emphasizes the importance of intellectual property protection, applying for copyrights and design patents before launching new products[41]. Market Strategy and Positioning - The company maintains a focus on original design and offers a comprehensive range of customized solutions for various home spaces, including kitchens, living rooms, and bedrooms[24]. - The company emphasizes a customer-centric approach by tailoring product designs to individual needs and preferences[33]. - The company continues to expand its market presence and enhance its brand through strategic partnerships and innovative product offerings[24]. - The company is focusing on digital transformation and smart manufacturing to enhance operational efficiency and improve customer service[51]. - The company emphasizes a focus on mid-to-high-end brand positioning and a differentiated competition strategy to enhance product competitiveness and expand market share[64]. Financial Management and Expenses - Sales and management expenses increased significantly, with sales expenses rising by 54.31% and management expenses by 61.09% compared to the previous year[54]. - R&D expenses increased by 89.32% to ¥36,620,567.06 compared to the same period last year[55]. - The company incurred credit impairment losses of CNY -14,811,908.66 in the first half of 2021, compared to CNY -5,907,578.28 in the same period of 2020, indicating a deterioration in credit quality[124]. Risk Management - The company has identified potential risks in its future development, which are detailed in the management discussion and analysis section[5]. - The company is facing risks related to real estate policy adjustments, which may impact demand for home furnishing products due to a slowdown in the real estate sector[64]. - The company is managing risks associated with raw material price fluctuations by analyzing price trends and locking in prices through annual procurement agreements[67]. - The company is addressing the risk of market competition intensifying by focusing on brand, channel, and talent development to maintain its leading position in the customized furniture industry[65]. Corporate Governance and Shareholder Information - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[73]. - The company held its second temporary shareholders' meeting on May 24, 2021, to elect members of the third board of directors and the third supervisory board[71]. - The total number of shares increased from 316,544,550 to 322,204,550, reflecting a change of 5,660,000 shares issued[95]. - The number of shareholders reached 6,644 by the end of the reporting period[97]. - NINA YANTI MIAO holds 202,319,040 shares, representing 62.79% of total shares[99]. Environmental and Social Responsibility - The company has implemented an ISO14001 environmental management system, ensuring compliance with national environmental protection laws and regulations[77]. - The company has constructed pollution prevention facilities that are operational and compliant, including central dust removal and VOCs treatment systems[78]. - The company has donated 37,000 sets of desks to over 620 schools through its "Orange Desk Plan" charity initiative since 2008, covering multiple provinces[82].