证券代码：603385 证券简称：惠达卫浴 编号：2023-041 惠达卫浴股份有限公司 关于为子公司提供担保的进展公告 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： 一、对外担保情况概述 （一）担保基本情况 为满足广西新高盛的经营和业务发展需要，保证其各项经营活动顺利进行， 公司与中国银行股份有限公司北流支行（以下简称"中国银行北流支行"）签订了 《最高额保证合同》(编号：2023 年北中银保字 036 号)，约定公司为广西新高盛 向中国银行北流支行申请人民币 2,400 万元的银行综合授信提供连带保证责任， 保证期间自主合同项下债务履行期限届满之日起三年。本次担保事项不存在反担 保情况。 被担保人名称：广西新高盛薄型建陶有限公司（以下简称"广西新高盛"） 本次担保金额及已实际为其提供担保的余额：惠达卫浴股份有限公司（以 下简称"公司"）本次为广西新高盛提供担保金额为人民币 2,400 万元。 截至本公告披露日，公司已实际为其提供的担保余额为人民币 2,300 万 元（含本次），公司累计为子公司提供担保的余 ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2023-031 惠达卫浴股份有限公司 关于参加河北辖区上市公司2023年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法律责任。 为进一步加强与投资者的互动交流，惠达卫浴股份有限公司（以下简称"公 司"）将参加由河北证监局、河北省上市公司协会与深圳市全景网络有限公司联 合举办的"2023年河北辖区上市公司投资者集体接待日活动"，现将相关事项公 告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP， 参与本次互动交流，活动时间为2023年5月30日（周二）15:00-17:00。届时公司 高管将在线就公司2022年度业绩、公司治理、发展战略、经营状况、融资计划、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ 特此公告。 惠达卫浴股份有限公司董事会 2023年5月26日 ...

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 128,387,336.22, with a proposed cash dividend of RMB 1.01 per share, amounting to 30.03% of the net profit[14]. - The company's operating revenue for 2022 was ¥3,419,453,224.56, a decrease of 12.16% compared to ¥3,892,951,142.37 in 2021[32]. - The net profit attributable to shareholders of the listed company was ¥128,387,336.22, down 45.44% from ¥235,329,782.99 in the previous year[32]. - The basic earnings per share decreased by 46.77% to ¥0.33 from ¥0.62 in 2021[33]. - The weighted average return on equity fell to 3.31%, a decrease of 2.92 percentage points from 6.23% in 2021[33]. - The net cash flow from operating activities turned positive at ¥461,315,551.10, compared to a negative cash flow in the previous year[34]. - The total assets at the end of 2022 were ¥5,981,204,291.64, a decrease of 5.50% from ¥6,329,542,919.12 at the end of 2021[32]. - The company's gross profit margin decreased by 2.85 percentage points due to lower sales volume and increased fuel prices[34]. - The net profit after deducting non-recurring gains and losses was ¥92,876,778.78, a decrease of 40.85% from the previous year[32]. - The company achieved operating revenue of 3.419 billion RMB in 2022, a year-on-year decrease of 12.16%[45]. Market Strategy and Expansion - The company plans to focus on digital transformation in 2023, enhancing digital marketing, manufacturing, and supply chain management as part of its strategic initiatives[7]. - The company aims to establish itself as the "first brand of smart toilets" in 2023, leveraging its design and manufacturing strengths to enhance brand recognition[8]. - The "Thousand Merchants and Ten Thousand Stores" plan will be accelerated in 2023 to attract high-quality distributors and enhance terminal marketing capabilities[9]. - The company plans to enhance its market expansion strategies and invest in new product development to improve future performance[34]. - The company is actively expanding its international market presence, establishing a marketing network in over 100 countries and regions[87]. - The company plans to deepen retail channels and expand into new markets, implementing the "Thousand Merchants and Ten Thousand Stores" initiative[124]. Innovation and Product Development - The company launched a new Z series of smart products and customized new products, receiving positive market feedback and recognition for its innovation capabilities[5]. - The company applied for 205 new patents in 2022, including 76 invention patents, and was granted 261 new patents, with 6 being invention patents[48]. - The company has developed several industry-leading technologies, including high-hardness nano self-cleaning glaze technology and integrated multifunctional shower heads, with multiple national patents obtained[82]. - The company aims to enhance its product innovation and quality control, focusing on smart, electronic, health, and comfort products in 2023[123]. - The company is focusing on green, healthy, and intelligent product trends, responding to consumer demands for environmentally friendly and personalized sanitary solutions[62]. Operational Efficiency and Management - The company has established a new core management team and strategic development plan, emphasizing customer value and innovation[4]. - The company has committed to building a professional and innovative talent team to support its long-term development goals[10]. - The company emphasizes lean production management and digitalization to optimize production efficiency and meet market demand[74]. - The company has established a comprehensive quality management system, achieving multiple certifications including ISO9001 and ISO14001, enhancing product quality and customer satisfaction[80]. - The company has a structured approach to managing insider information, ensuring compliance with relevant laws and regulations[146]. Corporate Governance and Compliance - The company emphasizes the importance of corporate governance, adhering to legal regulations and improving operational transparency to protect shareholder interests[137]. - The company has conducted 12 board meetings during the reporting period, ensuring compliance with regulations and effective decision-making[140]. - The company actively manages investor relations, maintaining communication with stakeholders and addressing their concerns to foster a positive relationship[142]. - The company is committed to enhancing information disclosure quality and transparency, ensuring that all shareholders have equal access to company information[143]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, linking their salaries to performance indicators[145]. Challenges and Risks - The company faces risks from macroeconomic policies, particularly due to the volatile geopolitical situation and the impact of government regulations on the real estate sector, which could lead to a decline in product demand[128]. - The company is exposed to foreign exchange risks as it primarily uses USD for international transactions, and it plans to implement foreign exchange hedging strategies to mitigate these risks[129]. - The company has seen a rise in accounts receivable due to increased market coverage and revenue, which poses a risk of bad debts affecting performance; it is implementing stricter management measures to mitigate this risk[132]. - The company is addressing risks from fluctuations in raw material and energy prices by employing strategic procurement and cost control measures to maintain competitiveness[134]. Employee and Talent Development - The company has a total of 8,717 employees, with 6,485 in the parent company and 2,232 in major subsidiaries[177]. - The employee composition includes 6,180 production staff, 856 sales personnel, 634 technical staff, 92 financial staff, and 955 administrative staff[177]. - The company implemented a training program in 2022, introducing 235 courses and adding 11 new group-level instructors[179]. - The company has established a learning innovation group to enhance training efficiency while reducing costs[180]. Environmental and Social Responsibility - The company aims to build a green and low-carbon enterprise by increasing investment in environmental protection and promoting energy-saving products[122]. - The company invested 46.71 million yuan in environmental protection during the reporting period[199]. - Four subsidiaries are classified as key pollutant discharge units by environmental protection authorities[200].

证券代码：603385 证券简称：惠达卫浴 惠达卫浴股份有限公司 2023 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人王彦庆、主管会计工作负责人王佳及会计机构负责人（会计主管人员）刘俊燕保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 2023 年第一季度报告 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | | | | 变动幅度(%) | | | 营业收入 | 645,801,383.26 | | -4.97 | | 归属于上市公司股东的净利润 | 466,916.72 | | 不适用 | | 归属于上市公司股东的扣除非经常 | -14,524,654.39 | ...

证券代码：603385 证券简称：惠达卫浴 公告编号：2023-009 惠达卫浴股份有限公司 关于召开 2022 年度暨 2023 年第一季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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 4 月 26 日(星期三)下午 15:00-16:00 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 19 日(星期三)至 4 月 25 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 info@huidagroups.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。 惠达卫浴股份有限公司（以下简称"公司"）拟于 2023 年 4 月 21 日发布公 司 2022 年年度报告和 2023 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2022 年年度及 2023 年第一季度的经营成果、财务状况，公司计划于 2023 年 4 月 26 日下午 15:00-16:00 举行 2022 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,725,874,929.72, a decrease of 1.01% compared to CNY 1,743,438,493.95 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 67,960,897.93, down 39.21% from CNY 111,798,507.60 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 50,345,340.39, a decline of 44.78% compared to CNY 91,179,512.71 in the same period last year[20]. - The basic earnings per share decreased by 39.70% to CNY 0.1768 from CNY 0.2932 in the previous year[21]. - The weighted average return on net assets was 1.75%, down 1.25 percentage points from 3.00% in the same period last year[21]. - The net cash flow from operating activities was CNY 82,508,891.25, a significant improvement compared to a negative cash flow of CNY -136,835,760.20 in the previous year[20]. - The total assets at the end of the reporting period were CNY 6,229,963,132.75, a decrease of 1.57% from CNY 6,329,542,919.12 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 3,850,495,678.59, a slight decrease of 0.03% from CNY 3,851,827,806.42 at the end of the previous year[20]. Market and Industry Trends - The real estate sector, a key downstream market for the bathroom industry, saw a 5.4% year-on-year decline in development investment, with residential sales area dropping by 22.2%[25]. - The overall economic environment showed signs of stabilization, with government policies aimed at supporting housing demand expected to benefit the bathroom industry[26]. - The company faced challenges due to insufficient production capacity and rising costs, which impacted gross profit margins[21]. Research and Development - The company has a strong R&D capability, having introduced several core patents and innovative products, including gas constant temperature and solar constant temperature systems[32]. - The company applied for a total of 109 new patents in the first half of 2022, including 13 invention patents, and had a total of 899 valid patents by June 30, 2022[45]. - The company focuses on product innovation and technology development, with increased investment in high-end smart products and customized solutions[45]. - The company aims to enhance its comprehensive strength through R&D, smart manufacturing, brand building, and quality service to capture market opportunities for high-quality development[26]. Strategic Initiatives - The company operates under three business models: OBM for domestic and some overseas markets, ODM for developed countries, and OEM for overseas developed markets[31]. - The company has formed strategic partnerships with top design teams in Germany to enhance its product development capabilities[32]. - The company established new strategic partnerships with well-known real estate companies, including China Communications Construction Company and Beijing Tianrun Real Estate Group, to strengthen its engineering channel[48]. - The company is committed to maintaining a competitive edge through customized product offerings that meet diverse consumer needs[32]. Financial Management and Risks - The company reported a significant loss of ¥19.35 million from fair value changes in financial assets, indicating volatility in its financial performance[23]. - The company faces risks from the real estate sector, which may impact demand for bathroom products, prompting a cautious approach to managing accounts receivable and focusing on strategic clients[67]. - The company is exposed to foreign exchange risks due to international sales, primarily denominated in USD, and will implement foreign exchange hedging strategies[68]. - Management risks are anticipated as the company expands, necessitating improvements in governance and internal controls to manage complexity[69]. Environmental Compliance - The company has four subsidiaries listed as key pollutant discharge units, ensuring compliance with environmental regulations[88]. - Actual emissions for particulate matter, sulfur dioxide, and nitrogen oxides were 3.79 tons/year, 7.04 tons/year, and 40.38 tons/year, all below the permitted limits[89]. - The company has installed 9 sets of desulfurization facilities at its tunnel kiln emission outlets, ensuring stable compliance with emission standards[99]. - The company has achieved a dust removal efficiency of 99% in its polishing workshop through the installation of bag dust collectors[100]. Shareholder and Governance Matters - The company did not propose any profit distribution or capital reserve conversion plans for the half-year report, indicating a focus on reinvestment[82]. - The board of directors appointed Wang Jian as the new General Manager and Zhang Chunyu as the Executive Vice General Manager, indicating a shift in leadership roles[80][81]. - The company’s independent directors approved the cancellation of restricted stock for individuals who did not meet performance criteria, reflecting a performance-based incentive strategy[83]. - The company has a good integrity status, with no unfulfilled court judgments or significant overdue debts[140]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next quarter, driven by new product launches[136]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share within the next two years[135]. - The company is exploring potential mergers and acquisitions to enhance its market presence and product offerings[190]. - The future outlook remains cautious, with performance guidance indicating a potential recovery in the next fiscal year[190].

Financial Performance - The company's operating revenue for Q1 2022 was ¥679,570,261.82, representing a decrease of 4.20% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥1,379,641.91, a decline of 103.43% year-on-year[6]. - The basic earnings per share for the period was -¥0.0036, reflecting a decrease of 103.40% compared to the previous year[7]. - Total operating revenue for Q1 2022 was ¥679,570,261.82, a decrease of 4.5% compared to ¥709,331,377.03 in Q1 2021[19]. - Net profit for Q1 2022 was a loss of ¥8,054,325.38, compared to a net profit of ¥42,578,421.73 in Q1 2021, representing a significant decline[20]. - Total profit for Q1 2022 was a loss of ¥15,106,379.68, compared to a profit of ¥47,057,993.35 in Q1 2021[20]. - The company incurred financial expenses of ¥8,412,520.52 in Q1 2022, compared to a financial income of -¥513,744.59 in Q1 2021[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,156,877,694.91, down 2.73% from the end of the previous year[7]. - As of March 31, 2022, the total current assets amounted to RMB 3,267,509,873.17, a decrease of 6.31% from RMB 3,488,229,847.95 at the end of 2021[15]. - The total liabilities decreased to RMB 2,111,732,508.02, down 7.33% from RMB 2,278,688,686.43[16]. - The total assets as of March 31, 2022, were RMB 6,156,877,694.91, a decline of 2.73% compared to RMB 6,329,542,919.12 at the end of 2021[16]. - The total non-current assets amounted to RMB 2,889,367,821.74, an increase of 1.69% from RMB 2,841,313,071.17[15]. Cash Flow - The company's cash flow from operating activities was ¥18,144,584.72, with no applicable year-on-year comparison[6]. - Operating cash flow for Q1 2022 was ¥18,144,584.72, recovering from a negative cash flow of ¥107,722,056.04 in Q1 2021[22]. - Cash and cash equivalents at the end of Q1 2022 totaled ¥514,947,342.67, down from ¥1,037,071,666.77 at the end of Q1 2021[23]. - Investment activities generated a net cash inflow of ¥88,484,092.27 in Q1 2022, compared to a net outflow of ¥69,747,400.66 in Q1 2021[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,295[10]. - The top shareholder, Wang Huiwen, holds 17.42% of the shares, totaling 66,982,269 shares[11]. Inventory and Receivables - The inventory decreased to RMB 1,072,897,782.78 from RMB 1,109,834,245.27, reflecting a reduction of 3.33%[15]. - The accounts receivable stood at RMB 907,347,349.44, down from RMB 960,729,889.13, indicating a decrease of 5.55%[14]. Costs and Expenses - Total operating costs increased to ¥718,526,215.04 in Q1 2022, up 3.7% from ¥692,646,835.28 in Q1 2021[19]. - The gross profit margin decreased by 5.54 percentage points, primarily due to increased fixed costs from production halts at the Tangshan base due to the pandemic[7]. - Cash and cash equivalents increased by 33.00%, mainly due to the maturity of financial investments[8]. - The company reported a 41.21% decrease in trading financial assets, attributed to the maturity of financial investments[8].

Financial Performance - In 2021, the company achieved a revenue of RMB 3.893 billion, representing a year-on-year growth of 20.98% despite rising costs in raw materials, labor, and transportation[4]. - The company's operating revenue for 2021 was approximately CNY 3.89 billion, representing a year-on-year increase of 20.98% compared to CNY 3.22 billion in 2020[32]. - The net profit attributable to shareholders decreased by 23.44% to approximately CNY 235.33 million from CNY 307.38 million in the previous year[32]. - The net profit after deducting non-recurring gains and losses fell by 38.05% to approximately CNY 157.02 million, down from CNY 253.46 million in 2020[32]. - The company's cash flow from operating activities showed a significant decline of 128.20%, resulting in a net cash outflow of approximately CNY 214.04 million[34]. - The total assets of the company increased by 12.03% to approximately CNY 6.33 billion at the end of 2021, compared to CNY 5.65 billion at the end of 2020[32]. - The company's net assets attributable to shareholders rose by 4.40% to approximately CNY 3.85 billion from CNY 3.69 billion in the previous year[32]. - The basic earnings per share decreased by 25.30% to CNY 0.62, down from CNY 0.83 in 2020[33]. - The weighted average return on equity decreased by 2.60 percentage points to 6.23% from 8.83% in the previous year[33]. - The decline in net profit was primarily attributed to a 3.67 percentage point decrease in gross margin and a 22.48% increase in expenses[33]. Product Development and Innovation - The company launched new products including the "Z" series "Net Cube" smart toilet and customized bathroom cabinets, addressing the demand for smart and customized solutions[5]. - The company launched 269 new product designs during the reporting period, with 282 new patent applications, including 34 invention patents[46]. - R&D expenses amounted to RMB 167 million, representing a year-on-year increase of 23.92%[46]. - The innovation research center focuses on market-driven R&D strategies, ensuring new products meet consumer demands through thorough market research[90]. - The company has developed multiple core patents, leading the industry in smart and eco-friendly sanitary products[90]. Market Strategy and Expansion - Future strategies include expanding into the integrated market through partnerships with home decoration companies to enhance product lines and increase customer value[7]. - The company signed strategic partnerships with major clients such as New Hope and China State Construction Engineering, entering key national projects[6]. - The company is focusing on the development of smart health monitoring products and aging-friendly accessories in response to societal trends[46]. - The company is building a "5G+ digital factory" in Chongqing to enhance production efficiency through advanced technologies[48]. - The company launched 8 nationwide marketing campaigns, including "Flower YOUNG Renew Home" and "Smart Beautiful China," to boost sales and market share post-pandemic[52]. - International sales showed significant growth, with key markets including the US, Canada, and the UK, and new million-level projects established in Peru[58]. - The company plans to explore new channels for growth while implementing cost-saving measures to improve efficiency[140]. - Market expansion plans include entering three new international markets by the end of 2024, targeting a 10% market share in each[174]. Operational Efficiency and Management - The company plans to leverage its 5G smart factory as a model for digital transformation in manufacturing and marketing, aiming for lean production and improved efficiency[8]. - The company implemented a digital management platform to enhance operational efficiency and business innovation, focusing on CRM and MRP systems[59]. - The company is transitioning its dealers into service providers, aiming to improve customer service and satisfaction through a multi-channel support system[60]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs by optimizing supply chain processes[174]. - The company is committed to maintaining product quality and supply chain stability amid rising raw material costs and supply chain disruptions[80]. Financial Management and Shareholder Relations - The company plans to distribute a cash dividend of RMB 1.86 per share, totaling approximately RMB 71.52 million for the year[15]. - The company aims to achieve high-quality development while creating greater value for shareholders in the coming years[10]. - The company has established a clear cash dividend policy, distributing at least 15% of the distributable profits in cash when conditions are met[197]. - The decision-making process for dividends is complete and transparent, ensuring independent directors fulfill their responsibilities[200]. - The company emphasizes investor relations management, actively communicating with investors through various platforms to ensure comprehensive and objective information dissemination[162]. Corporate Governance and Compliance - The company adheres to strict information disclosure regulations, ensuring that all shareholders receive accurate and timely information[163]. - There were no violations of insider trading regulations during the reporting period, with strict management of insider information[164]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, linking compensation to performance indicators[165]. - The company has maintained compliance with legal and regulatory requirements regarding corporate governance, ensuring no significant discrepancies exist[166]. - The company held its annual general meeting in 2021, where various proposals, including the stock incentive plan, were approved[168]. Human Resources and Training - A systematic talent recruitment and training strategy will be implemented to build a strong, innovative workforce[9]. - The number of R&D personnel is 765, accounting for 7.80% of the total workforce[124]. - In 2021, the company launched 572 training courses and added 27 new group-level instructors to enhance internal training capabilities[196]. - The employee composition includes 6,964 production personnel, 918 sales personnel, 792 technical personnel, 101 financial personnel, and 1,036 administrative personnel[193]. Risk Management - The company faces risks from real estate market regulations, which may lead to decreased product demand; however, it plans to strengthen R&D and digital marketing efforts to capture market share[147]. - The company is exposed to foreign exchange risks due to its reliance on USD for exports and plans to implement hedging strategies to mitigate these risks[148]. - The company is addressing management risks associated with its expanding scale by improving governance structures and attracting talent through incentive plans[149]. - The company is implementing strategic procurement and seasonal stocking to manage risks associated with raw material and energy price fluctuations[153].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,095,474,067.68, representing a year-on-year increase of 19.98%[6] - The net profit attributable to shareholders for the same period was CNY 114,740,090.06, an increase of 12.86% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was CNY 94,740,704.17, which increased by 23.70% year-on-year[6] - Total operating revenue for Q3 2021 reached ¥2,838,912,561.63, an increase of 27.3% compared to ¥2,230,040,483.29 in Q3 2020[26] - Net profit for Q3 2021 was ¥237,327,455.50, slightly up from ¥233,635,524.30 in Q3 2020, representing a growth of 1.2%[27] - Total profit for Q3 2021 was ¥286,951,427.45, compared to ¥276,393,732.82 in Q3 2020, indicating a growth of 3.3%[27] Earnings and Shareholder Information - The basic earnings per share for Q3 2021 was CNY 0.2986, down 4.88% from the same period last year[7] - The total number of ordinary shareholders at the end of the reporting period was 19,595[12] - The largest shareholder, Wang Huiwen, holds 66,982,269 shares, accounting for 17.40% of the total shares[12] - Basic and diluted earnings per share for Q3 2021 were both ¥0.5925, down from ¥0.6229 in Q3 2020[28] Cash Flow and Operating Activities - The cash flow from operating activities showed a net outflow of CNY -234,605,279.68, a decrease of 145.60% compared to the previous year[7] - Cash inflow from operating activities for the first three quarters of 2021 was ¥2,894,375,103.02, an increase of 25.5% compared to ¥2,305,262,511.17 in the same period of 2020[29] - The net cash flow from operating activities for Q3 2021 was -234,605,279.68 RMB, a significant decrease compared to 514,499,354.88 RMB in Q3 2020, indicating a decline of approximately 145.5%[30] - Total cash outflow from operating activities amounted to 3,128,980,382.70 RMB, up from 1,790,763,156.29 RMB in the previous year, reflecting an increase of about 74.7%[30] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,399,252,699.11, reflecting a growth of 13.26% compared to the end of the previous year[7] - The company's current assets totaled RMB 4,037,363,147.02, up from RMB 3,609,016,675.01 at the end of 2020, indicating an increase of about 11.8%[19] - Total liabilities rose to RMB 2,334,637,291.89 from RMB 1,804,310,347.51, which is an increase of approximately 29.3%[21] - The total assets as of Q3 2021 were 5,650,013,378.69 RMB, slightly down from 5,661,767,671.72 RMB at the beginning of the year[34] - The total liabilities increased to 1,804,310,347.51 RMB from 1,816,064,640.54 RMB, reflecting a minor adjustment due to the new leasing standards[34] Investments and Financial Products - The company has invested RMB 100,000,000.00 in financial products with a 3.09% expected annualized return, which remains unrecovered as of the report date[16] - The company has a total of RMB 210,500,000.00 in bank financial products with a 3.13% expected annualized return, which has been recovered[16] Research and Development - Research and development expenses in Q3 2021 amounted to ¥124,910,878.45, up 33.4% from ¥93,710,901.31 in Q3 2020[26] Future Plans - The company plans to continue expanding its market presence and investing in new product development to drive future growth[27]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 1.74 billion, representing a 32.38% increase compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 12.94% to approximately CNY 111.80 million[18]. - The net cash flow from operating activities was negative at approximately CNY -136.84 million, a decline of 143.54% compared to the previous year[18]. - Basic earnings per share decreased by 15.65% to CNY 0.2932[20]. - The weighted average return on net assets decreased by 0.75 percentage points to 3.00%[20]. - The company reported a decrease of 22.55% in net profit after deducting non-recurring gains and losses, amounting to approximately CNY 91.18 million[18]. - The company achieved a revenue of 1.743 billion yuan, an increase of 32.38% year-on-year, while the net profit attributable to shareholders was 111.8 million yuan, a decrease of 12.94%[42]. - The main business revenue from sanitary ceramics was 895.77 million yuan, accounting for 51.82% of total revenue, with a year-on-year growth of 23.72%[45]. - The company reported a net profit attributable to shareholders of 111,798,507.60 CNY during the reporting period, corresponding to earnings per share of 0.2932 CNY based on a weighted average share capital of 381,335,631.33 shares[152]. Assets and Liabilities - Total assets increased by 9.07% to approximately CNY 6.16 billion compared to the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.42% to approximately CNY 3.74 billion[19]. - Cash and cash equivalents increased to ¥853,569,327.72, representing 13.85% of total assets, up 31.35% from the previous year[60]. - Total liabilities increased to CNY 2,258,045,679.83 from CNY 1,804,310,347.51, reflecting a rise of approximately 25.1%[171]. - Current assets increased to CNY 3,988,763,063.25 as of June 30, 2021, up from CNY 3,609,016,675.01 at the end of 2020, representing a growth of approximately 10.5%[169]. - Short-term borrowings rose significantly to CNY 475,551,831.07, compared to CNY 250,278,333.32 at the end of 2020, an increase of about 90.0%[170]. Research and Development - The company emphasizes a strong R&D capability, with multiple R&D centers in Tangshan, Beijing, and Foshan, and has established strategic partnerships with top design teams in Germany[29]. - Research and development expenses amounted to 77.53 million yuan, representing 4.45% of revenue, with a year-on-year increase of 45.51%[47]. - The company has a total of 615 effective patents, with 150 new patents authorized during the reporting period[47]. - The company is committed to innovation in smart products, including the development of LED UV sterilization and touchless products[46]. - The company is enhancing R&D efforts and digital marketing to increase market share and optimize sales channels, targeting large clients and home renovation markets[68]. Market and Sales Strategy - The company operates under three business models: OBM for domestic and some overseas markets, ODM for developed countries, and OEM for developed countries[28]. - The sales strategy includes a retail model through distributors and direct sales via flagship stores in key markets, ensuring broad market coverage[35]. - The company aims to provide customized products to meet diverse consumer needs, enhancing its competitive edge in the market[29]. - The company opened 112 new "Huidat" brand stores in untapped markets, bringing the total number of domestic stores to 2,323 with a total area of 438,000 square meters as of June 30, 2021[50]. - The company signed national strategic cooperation agreements with leading home decoration companies, significantly increasing sales growth rates[51]. Environmental Compliance - The company has implemented strict management of production operations to ensure compliance with environmental regulations[84]. - The company’s wastewater discharge is monitored, with actual values below the set standards for chemical oxygen demand and ammonia nitrogen[86]. - The company has installed online monitoring systems for COD and ammonia nitrogen at its wastewater discharge outlets, ensuring 24-hour monitoring and compliance with discharge standards[97]. - The company has achieved compliance with pollutant discharge standards across all projects, as verified by third-party monitoring[100]. - The company has integrated ISO14001 environmental management system into its operations, emphasizing sustainable development and resource conservation[119]. Risks and Challenges - The company faces risks from real estate regulation, which may lead to a decline in product demand due to a slowdown in the real estate industry[68]. - The company is exposed to foreign exchange risks due to its reliance on USD for international sales, which may impact profitability[69]. - Management risks are anticipated as the company expands, necessitating improvements in governance and talent retention strategies[70]. - Ongoing litigation with a U.S. partner may affect future business cooperation and sales performance in North America[71]. - The company is experiencing increased accounts receivable risks, which could lead to financial and legal challenges[72]. Shareholder and Stock Information - The company granted 4.72 million restricted stocks to 94 individuals at a price of 5.477 CNY per share, increasing the total shares to 384,482,298[82]. - The company’s stock incentive plan has a lock-up period of 12 to 24 months for the granted restricted shares[154]. - The total number of shares increased to 384,482,298 shares after the issuance of 4,720,000 restricted shares under the 2021 stock incentive plan[151]. - The company reported a total of 66,982,269 shares held by the largest shareholder, Wang Huiwen, representing 17.42% of total shares[158]. - The company has not issued any corporate bonds or convertible bonds during the reporting period[166]. Future Outlook - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 20% to 1.8 billion[130]. - New product launches are expected to contribute an additional 300 million in revenue by the end of the fiscal year[130]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 400 million earmarked for potential deals[130]. - Future outlook includes strategic initiatives aimed at market expansion and product development to drive revenue growth[198].