证券代码：603389 证券简称：亚振家居 公告编号：2023-023 亚振家居股份有限公司(以下简称"公司")第四届董事会第十一次会议于 2023 年 8 月 25 日下午 14：00-16：00 在上海市宝山区沪太路 1865 号 1 号楼四楼 会议室以现场加通讯方式召开。会议通知于 8 月 14 日以书面形式发出，会议应 到董事 5 人，实到 5 人。公司全体监事及高管人员列席了会议。本次会议召集召 开符合《中华人民共和国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 亚振家居股份有限公司 关于第四届董事会第十一次会议决议公告 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。 一、董事会会议召开情况 内容详见公司在指定信息披露媒体上海证券交易所网站（www.sse.com.cn） 披露的《亚振家居股份有限公司关于控股股东向公司提供借款暨关联交易的公 告》（公告编号：2023-025）。 特此公告。 会议由董事长高伟先生主持，经与会董事逐项审议表决，会议一致通过了以 下议案： 亚振家居股份有限公司董事会 一 ...

一、监事会会议召开情况 亚振家居股份有限公司（以下简称"公司"）第四届监事会第十一次会议 于 2023 年 8 月 25 日 13:00 以通讯方式召开，会议通知于 2023 年 8 月 14 日以书 面形式发出。本次会议由监事会主席吴德军先生主持，会议应到监事 3 人，参会 监事 3 人。本次会议的召开符合《公司法》和《公司章程》等有关法律法规以及 规范性文件的规定。 二、监事会会议审议情况 经与会监事审议，一致通过如下决议： 证券代码：603389 证券简称：亚振家居 公告编号：2023-024 亚振家居股份有限公司 关于第四届监事会第十一次会议决议公告 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个别及连带责任。 表决结果：3 票赞成，0 票反对，0 票弃权 内容详见公司在指定信息披露媒体上海证券交易所网站（www.sse.com.cn） 披露的《亚振家居股份有限公司关于控股股东向公司提供借款暨关联交易的公 告》（公告编号：2023-025）。 特此公告。 亚振家居股份有限公司监事会 一、关于《公司 2023 年半年度报告及其摘 ...

证券代码：603389 证券简称：亚振家居 公告编号：2023-025 亚振家居股份有限公司 关于控股股东向公司提供借款暨关联交易的公告 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： 为支持公司发展，上海亚振投资有限公司（以下简称"亚振投资"或"控 股股东"）拟为亚振家居股份有限公司（以下简称"公司"）提供 3,000 万元借 款，总额不超过 5,000 万元借款，利率参照公司同期银行贷款利率计算。 本次关联交易系控股股东为支持公司发展，保障公司经营的不时之需， 不会损害公司和中小股东的利益，不会对公司持续经营能力造成影响，不会影响 本公司未来财务状况、经营成果，不会导致公司对关联方形成依赖。 一、关联交易概述 2、为支持公司发展，保障公司经营不时之需，公司同意控股股东向公司提 供不超过人民币 3,000 万元的借款，总额不超过 5,000 万元借款。利率参照公司 同期银行贷款利率计算。有效期自经公司本次董事会审议通过之日起一年内有 效。公司可根据实际经营情况在有效期内对借款额度循环使用。独立董事对本次 ...

证券代码：603389 证券简称：亚振家居 公告编号：2023-026 关于召开 2023 年半年度业绩说明会的公告 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 亚振家居股份有限公司 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： 投资者可于 2023 年 09 月 05 日(星期二)至 09 月 11 日(星期 一)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 business@az.com.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。 亚振家居股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 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 12 日下午 13:00-14:00 举行 ...

Financial Performance - In 2022, the company's operating revenue was CNY 236,878,156.61, a decrease of 14.16% compared to CNY 275,957,624.10 in 2021[22]. - The net profit attributable to shareholders was CNY -89,549,643.17, compared to CNY -66,834,881.92 in the previous year[22]. - The net cash flow from operating activities was CNY -15,465,066.92, an improvement from CNY -27,419,014.24 in 2021[22]. - The total assets at the end of 2022 were CNY 791,555,619.40, down 7.27% from CNY 853,608,268.18 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 15.6% to CNY 505,872,100.19 from CNY 599,391,180.65 in 2021[22]. - The company's revenue after deducting non-main business income was CNY 214,284,831.95, a decrease of 13.88% from CNY 248,820,023.13 in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -96,360,060.08, compared to CNY -85,223,874.46 in the previous year[22]. - The company reported a significant increase in inventory levels for certain product categories, with a 218.18% increase in other products[78]. - The company reported a net loss of ¥117.91 million in 2022, compared to a loss of ¥28.36 million in 2021, indicating a worsening financial position[194]. Operational Challenges - The company faced significant challenges due to temporary store closures in key cities like Shanghai and Beijing, alongside a slowdown in the domestic economy[30]. - Revenue from the East China region fell by CNY 50,646,300, a decline of 29.01%, which was a major contributor to the overall revenue drop[77]. - The sales revenue from the dealer business decreased by 35.64%, leading to a gross margin decline of 16.33%[77]. - The production volume of cabinets decreased by 34.79%, while sales volume dropped by 24.28%[78]. - The furniture retail market in China saw a decline of 7.5% year-on-year in 2022, with total retail sales of furniture products at 163.5 billion yuan[39]. Strategic Initiatives - The company has been focusing on enhancing brand influence and expanding its product matrix to improve competitiveness[30]. - The company aims to develop high-end customization and talent transformation to strengthen its market position[30]. - The company has established a comprehensive integrated operation model focusing on R&D, manufacturing, and marketing, enhancing its brand image and market position[62]. - The company has integrated digital flexible manufacturing into its new high-end customization workshop to enhance product design and delivery processes[36]. - The company aims to enhance its brand matrix and focus on high-end home living products, integrating art and fashion into everyday life[101]. Research and Development - The company developed a total of 212 new products in 2022, including 168 newly developed products and 44 upgraded products[31]. - R&D expenses decreased by 23.77% to CNY 10.97 million, reflecting reduced investment in research materials[74]. - The total R&D expenditure for the period was CNY 10,942,987.53, reflecting a decrease in material inputs[85]. - R&D investment accounted for 4.62% of total revenue[86]. - The number of R&D personnel is 132, representing 12% of the total workforce[87]. Corporate Governance - The company has established a complete corporate governance structure in compliance with relevant laws and regulations[114]. - The company’s board of directors and supervisory board operated independently without any issues requiring regulatory rectification[114]. - The company has not faced any penalties from securities regulatory agencies in the past three years[122]. - The company held one annual general meeting and four board meetings during the reporting period[115]. - The total remuneration for all directors, supervisors, and senior management amounted to 4.2099 million yuan[121]. Environmental and Social Responsibility - The company invested 77.6 million RMB in environmental protection during the reporting period[143]. - The company reduced VOC emissions significantly by switching from oil-based to water-based paints, resulting in a substantial decrease in organic waste gas[143]. - The company contributed 10 million RMB to poverty alleviation and rural revitalization projects, benefiting 324 individuals through skills training[146]. - The company has implemented measures to reduce noise pollution, ensuring compliance with industrial noise emission standards[143]. - The company maintains a good integrity status, adhering to all relevant laws and regulations without any major legal issues[152]. Shareholder Information - The total number of ordinary shareholders increased from 9,794 to 10,370 during the reporting period[160]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., reduced its holdings by 2,627,507 shares, now holding 165,852,493 shares, representing 63.12% of total shares[163]. - The company completed a share buyback of 1,285,380 shares, accounting for 0.49% of the total share capital, with a total buyback amount of 10,000,000 RMB[170]. - The actual controllers of the company are Gao Wei, Hu Meiyun, and Gao Yinan, with no foreign residency rights[166]. - The company has no significant restrictions on share reduction or repurchase during the reporting period[169].

Financial Performance - The company's operating revenue for Q1 2023 was ¥46,296,863.67, representing a decrease of 11.25% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥27,125,035.99, with a basic and diluted earnings per share of -¥0.10[6]. - Total operating revenue for Q1 2023 was CNY 46,296,863.67, a decrease of 11.4% compared to CNY 52,166,683.72 in Q1 2022[17]. - Net loss for Q1 2023 was CNY 28,316,128.49, compared to a net loss of CNY 21,894,293.31 in Q1 2022, indicating a worsening of 29.5%[17]. - The total comprehensive loss for Q1 2023 was -28,316,128.49 RMB, compared to -21,894,293.31 RMB in the same period last year, reflecting an increase in losses of about 29.3%[18]. - The basic earnings per share for Q1 2023 was -0.10 RMB, compared to -0.08 RMB in Q1 2022, representing a deterioration in earnings per share[18]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥729,048,684.69, down 7.90% from the end of the previous year[7]. - Total assets decreased to CNY 729,048,684.69 from CNY 791,555,619.40, a decline of 7.9%[15]. - Total liabilities decreased to CNY 262,737,781.03 from CNY 296,928,587.25, a reduction of 11.5%[15]. - Shareholders' equity attributable to the parent company decreased by 5.36% to ¥478,747,064.20[7]. - Shareholders' equity decreased to CNY 466,310,903.66 from CNY 494,627,032.15, a decline of 5.7%[15]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥23,896,391.36, indicating significant cash expenditures[6]. - Cash inflows from operating activities in Q1 2023 totaled 52,286,161.31 RMB, down from 59,604,280.23 RMB in Q1 2022, a decrease of approximately 12.3%[21]. - The net cash outflow from operating activities for Q1 2023 was -23,896,391.36 RMB, compared to -20,576,064.22 RMB in Q1 2022, indicating a worsening cash flow situation[21]. - The net cash flow from investing activities for Q1 2023 was -1,194,976.08 RMB, an improvement from -1,991,474.78 RMB in Q1 2022[21]. - The net cash flow from financing activities for Q1 2023 was -10,178,573.82 RMB, compared to -2,056,729.88 RMB in Q1 2022, showing a significant increase in cash outflows[22]. - The ending cash and cash equivalents balance for Q1 2023 was 12,192,178.12 RMB, down from 40,719,825.05 RMB at the end of Q1 2022, a decrease of approximately 70%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,794[10]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 60.12% of the shares[11]. Research and Development - Research and development expenses decreased by 47.15%, attributed to reduced material inputs during the period[9]. - Research and development expenses for Q1 2023 were CNY 489,081.02, down 47.3% from CNY 925,470.71 in Q1 2022[17]. Operational Costs - Total operating costs for Q1 2023 were CNY 67,946,291.90, down 8.5% from CNY 74,261,167.00 in Q1 2022[17]. - The company reported a decrease in cash received from sales of goods and services, totaling 50,571,651.78 RMB in Q1 2023, compared to 55,266,450.47 RMB in Q1 2022, a decline of about 8.3%[20]. - The company experienced a significant increase in cash paid to employees, totaling 28,402,521.33 RMB in Q1 2023, down from 31,613,299.03 RMB in Q1 2022, a decrease of approximately 10.4%[21]. Cash and Cash Equivalents - The company experienced a 74.31% decrease in cash and cash equivalents, primarily due to high operational cash outflows[9]. - Cash and cash equivalents decreased to CNY 12,192,178.12 from CNY 47,462,119.38, a decline of 74.3%[14].

亚振家居股份有限公司（以下简称"公司"）已于 2023 年 4 月 25 日发布公司 2022 年度及 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 年度及 2023 年第一季度经营成果、财 务状况，公司计划于 2023 年 06 月 02 日下午 13:00-14:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2023 年 06 月 02 日(星期五)下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： 证券代码：603389 证券简称：亚振家居 公告编号：2023-019 亚振家居股份有限公司 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： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 26 日(星期五)至 06 月 01 日(星期 四 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥58,101,938.54, a decrease of 13.25% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥13,395,474.20, with a year-to-date loss of ¥67,004,049.12[6]. - The basic earnings per share for the year-to-date period was -¥0.26, reflecting an increase in losses[6]. - The weighted average return on net assets was -12.69%, a decrease of 7.48 percentage points year-on-year[6]. - The company reported a year-to-date operating income decline of 20.45%, primarily due to a decrease in revenue[9]. - The company reported a net loss of RMB 95,365,678.85 for the period, compared to a loss of RMB 28,361,629.73 in the previous year[16]. - In Q3 2022, the company reported a net profit loss of ¥67,679,032.60, compared to a loss of ¥34,675,125.38 in Q3 2021, indicating an increase in losses of approximately 95.5% year-over-year[19]. - The total operating profit for Q3 2022 was ¥-68,583,809.40, which is a significant decline from ¥-40,058,458.93 in the same period last year[19]. - The basic and diluted earnings per share for Q3 2022 were both ¥-0.26, compared to ¥-0.13 in Q3 2021, indicating a worsening in per-share performance[19]. - The company’s total comprehensive income for Q3 2022 was ¥-67,679,032.60, compared to ¥-34,675,125.38 in Q3 2021, indicating a significant increase in comprehensive losses[19]. Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2022 was ¥4,984,539.15, showing a significant improvement compared to the previous year[6]. - Cash flow from operating activities for the first nine months of 2022 was negative at ¥-9,425,941.56, an improvement from ¥-77,277,008.81 in the same period of 2021[21]. - The company experienced a decrease in cash received from sales of goods and services, totaling ¥166,419,335.45 in the first nine months of 2022, down from ¥222,002,006.99 in 2021, representing a decline of approximately 25.1%[21]. - The company reported a total operating cash outflow of ¥203,992,363.68 in the first nine months of 2022, compared to ¥302,363,474.31 in the same period of 2021, showing a reduction in cash outflow[21]. - The company’s cash and cash equivalents at the end of Q3 2022 stood at ¥28,250,020.16, down from ¥41,556,050.53 at the end of Q3 2021, reflecting a decrease of approximately 32.1%[22]. - The company's cash and cash equivalents were RMB 28,250,020.16 as of September 30, 2022, compared to RMB 88,968,706.17 at the end of 2021, a significant decrease of 68.3%[14]. Assets and Liabilities - Total assets decreased by 9.92% from the end of the previous year, amounting to ¥768,909,053.18[7]. - The company's total assets as of September 30, 2022, were RMB 768,909,053.18, down from RMB 853,608,268.18 at the end of 2021[16]. - The total liabilities decreased to RMB 251,911,058.14 from RMB 255,704,216.43, indicating a reduction of 1.1%[15]. - The company's equity attributable to shareholders decreased to RMB 528,165,624.00 from RMB 599,391,180.65, a decline of 11.9%[16]. - Shareholders' equity attributable to the parent company decreased by 11.88% to ¥528,165,624.00[7]. Operating Costs and Expenses - Total operating revenue for the first three quarters of 2022 was RMB 155,383,197.91, a decrease of 20.5% compared to RMB 195,327,295.82 in the same period of 2021[18]. - Total operating costs for the first three quarters of 2022 were RMB 217,266,962.74, down from RMB 232,178,195.41 in 2021, reflecting a reduction of 6.4%[18]. - Research and development expenses decreased to RMB 9,767,682.77 in 2022 from RMB 13,794,577.60 in 2021, a decline of 29.0%[18]. Financing Activities - The company raised ¥13,000,000.00 from financing activities in Q3 2022, which included ¥12,000,000.00 from borrowings[22]. - The company's short-term borrowings remained stable at RMB 15,000,000.00 as of September 30, 2022, compared to RMB 15,019,479.17 at the end of 2021[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,883[11]. - The company's short-term borrowings remained stable at RMB 15,000,000.00 as of September 30, 2022, compared to RMB 15,019,479.17 at the end of 2021[15].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥97.28 million, a decrease of 24.21% compared to ¥128.35 million in the same period last year[19]. - The net loss attributable to shareholders for the first half of 2022 was approximately ¥53.61 million, compared to a loss of ¥18.28 million in the same period last year, indicating a significant increase in losses[19]. - The basic earnings per share for the first half of 2022 was -¥0.20, down from -¥0.07 in the same period last year[19]. - The weighted average return on net assets decreased to -9.90%, down 7.08 percentage points from -2.82% in the previous year[19]. - The net cash flow from operating activities was approximately -¥14.23 million, an improvement from -¥61.48 million in the same period last year[19]. - The total assets at the end of the reporting period were approximately ¥795.69 million, a decrease of 6.79% from ¥853.61 million at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 9.65% to approximately ¥541.56 million from ¥599.39 million at the end of the previous year[19]. - The company reported a significant increase in net losses due to the impact of COVID-19 on sales in certain direct-operated regions[19]. Revenue and Market Trends - The company's revenue for the first half of 2022 was CNY 3,604 billion, with a year-on-year decline of 9% in the domestic furniture retail market[25]. - The furniture manufacturing industry in China had 7,183 enterprises with a low concentration level, indicating a highly fragmented market[25]. - Revenue from high-end customization business reached 32.32 million yuan, an increase of 9.89 million yuan, representing a growth of 44% year-on-year[58]. - The company reported a significant decrease in sales revenue from 67,551,414.63 RMB in the first half of 2021 to 31,444,894.01 RMB in the first half of 2022, representing a decline of approximately 53.5%[114]. Operational Developments - The company has established two major manufacturing bases in Rudong and Nantong, utilizing ERP and MES systems for efficient production planning[45]. - The company has expanded its sales channels to include both physical stores and online platforms such as Tmall and JD.com, enhancing customer engagement[45]. - The company has launched 20 new store types across major cities, enhancing customer experience through a combination of custom furniture, movable furniture, and overall soft decoration design services[49]. - The company has established a comprehensive channel network by integrating online and offline sales, utilizing platforms like Tmall and JD.com, and engaging in live streaming sales[50]. Product and Innovation - The company focuses on high-end solid wood furniture design, manufacturing, and sales, with major product lines including "A-Zenith," "AZ1865," and "AZ Maxform"[27]. - The company has achieved recognition as a "Shanghai Brand" certified enterprise and is the first in the furniture manufacturing industry to receive this certification[49]. - The company has launched over 100 innovative products in the Maxform series, which will be promoted in the second half of the year[56]. - The company holds a total of 362 patents, including 12 invention patents, 79 utility model patents, and 271 design patents[47]. Financial Management and Investments - The company reported a significant increase in financial expenses, down 18.84% to CNY 2,852,185.44, due to reduced rental costs from new leasing standards[62]. - Long-term equity investments rose by 60.79% to CNY 35,583,527.85, reflecting an adjustment in the ownership stake in a subsidiary[65]. - Short-term borrowings increased by 79.77% to CNY 27,000,000.00, indicating a rise in loan balances during the period[65]. - The company received 12,000,000.00 RMB from borrowings during the first half of 2022, contributing to the positive financing cash flow[115]. Environmental and Social Responsibility - The company has implemented a pollution control mechanism during production, ensuring compliance with the air pollution discharge standards[78]. - The company has invested significantly in production upgrades, switching from oil-based to water-based paints to reduce VOC emissions[78]. - The company has actively participated in ecological civilization construction and green development initiatives[79]. - The company hired 74 new employees during the reporting period and organized over 300 training sessions to address social employment issues[80]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 9,240[87]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 168,480,000 shares, accounting for 64.12% of the total shares[89]. - The company repurchased a total of 1,285,380 shares, accounting for 0.49% of the total share capital[93]. Compliance and Governance - The company has a registered business license with a unified social credit code, ensuring compliance with regulatory requirements[127]. - The company’s financial statements are prepared based on the going concern principle, with no significant doubts about its ability to continue operations for the next 12 months[131]. - The company adheres to the accounting standards for enterprises, ensuring that its financial reports reflect a true and complete picture of its financial status[133].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥97.28 million, a decrease of 24.21% compared to ¥128.35 million in the same period last year[19]. - The net loss attributable to shareholders for the first half of 2022 was approximately ¥53.61 million, compared to a loss of ¥18.28 million in the same period last year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥54.94 million, an increase in loss from ¥27.11 million in the same period last year[19]. - The net cash flow from operating activities was approximately -¥14.23 million, an improvement from -¥61.48 million in the same period last year[19]. - The total assets at the end of the reporting period were approximately ¥795.69 million, a decrease of 6.79% from ¥853.61 million at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 9.65% to approximately ¥541.56 million from ¥599.39 million at the end of the previous year[19]. - The weighted average return on net assets was -9.90%, a decrease of 7.08 percentage points compared to -2.82% in the same period last year[19]. - The company reported a significant increase in net losses due to the impact of COVID-19 on sales in certain direct-operated regions[19]. Revenue and Sales - The company's revenue from the furniture manufacturing industry in the first half of 2022 was CNY 3,604 billion, with a year-on-year decrease of 9% in domestic furniture retail sales, totaling CNY 730 billion[25]. - Revenue from high-end customization business reached 32.32 million yuan, an increase of 9.89 million yuan, representing a growth of 44% year-on-year[58]. - The total number of stores nationwide as of June 30, 2022, was 85, including 15 direct-operated and 70 franchised stores[57]. - The company launched over 100 new products in the Maxform series, which will be promoted in the second half of the year[56]. - The company has expanded its sales channels to include both physical stores and online platforms such as Tmall and JD, enhancing customer engagement[45]. Operational Efficiency - The company has established two major manufacturing bases in Rudong and Nantong, utilizing ERP and MES systems for efficient production planning and management[45]. - The company emphasizes a centralized procurement model to ensure competitive costs and quality for key materials such as leather, wood, and paint[45]. - The company has integrated smart manufacturing equipment with traditional craftsmanship, ensuring high-quality furniture production[53]. - The company has developed a standardized chain operation system that enhances channel management and supports sustainable growth[55]. Research and Development - The company holds a total of 362 patents, including 12 invention patents, 79 utility model patents, and 271 design patents[47]. - The company has participated in the formulation of 20 national, industry, and group standards, contributing significant data support for the advancement of furniture industry standards[48]. - The company implemented a digital flexible manufacturing system to improve the standardization and information level of its high-end customization products[58]. - Research and development expenses for the first half of 2022 were CNY 4,942,485.86, down from CNY 5,715,994.59, a reduction of 13.5%[105]. Strategic Partnerships - The company has established a strategic partnership with the German high-end furniture brand Brinkhaus and the American mattress brand Sealy, enhancing its product offerings[52]. - The company established a strategic partnership with CCTV for brand promotion and customer engagement[59]. Environmental and Social Responsibility - The company has implemented a pollution control mechanism to manage various pollutants generated during production[78]. - The company has invested heavily in production modifications to reduce VOC emissions by switching from oil-based to water-based paints[78]. - The company maintains a good integrity status, complying with national laws and regulations without any significant negative information[83]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 9,240[87]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 168,480,000 shares, accounting for 64.12% of the total shares[89]. - The company repurchased a total of 1,285,380 shares, accounting for 0.49% of the total share capital[93]. Financial Position - Cash and cash equivalents decreased by 47.51% to CNY 46,702,834.47, primarily due to increased operating cash outflows[65]. - Long-term equity investments rose by 60.79% to CNY 35,583,527.85, reflecting an adjustment in the ownership stake in a subsidiary[65]. - Short-term borrowings increased by 79.77% to CNY 27,000,000.00, indicating a rise in loan balances during the period[65]. - The company's total liabilities increased, leading to a higher debt repayment of 16,493,289.42 RMB during the financing activities[115]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements are true and complete[133]. - The company’s accounting policies include specific measures for financial instrument impairment, fixed asset depreciation, and revenue recognition[132]. - The company recognizes financial assets or liabilities at fair value upon initial recognition, with transaction costs directly expensed for those measured at fair value through profit or loss[144]. Taxation - The company reported a tax rate of 25% for corporate income tax, with various VAT rates of 6%, 9%, and 13% applicable to sales and taxable services[200]. - Subsidiaries enjoyed tax incentives, with a reduced corporate income tax rate of 12.5% for annual taxable income not exceeding 1 million CNY, and a 50% reduction for income between 1 million and 3 million CNY[200].