[Main Financial Data](index=1&type=section&id=Main%20Financial%20Data) [Core Financial Indicators](index=1&type=section&id=Core%20Financial%20Indicators) In Q3 2022, the company's operating revenue was **176 million yuan**, with net profit attributable to shareholders significantly increasing by **12,640.89%** to **2.478 million yuan**, while year-to-date net profit turned profitable at **3.68 million yuan** with strong operating cash flow growth Core Financial Indicators Summary | Indicator | Current Period (Q3 2022) (Yuan) | YoY Change (%) | YTD (Q3 2022) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 175,558,066.00 | 4.90% | 455,167,251.03 | -0.12% | | Net Profit Attributable to Shareholders | 2,477,608.46 | 12,640.89% | 3,679,793.05 | Not Applicable | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | -1,914,922.82 | Not Applicable | -1,324,055.10 | Not Applicable | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 84,070,013.98 | 322.75% | | Basic EPS (Yuan/Share) | 0.0123 | 12,603.13% | 0.0183 | Not Applicable | | Total Assets (Period-end) | 1,185,437,448.19 | 4.26% (vs. prior year-end) | 1,185,437,448.19 | 4.26% (vs. prior year-end) | | Equity Attributable to Shareholders (Period-end) | 590,469,737.24 | 0.68% (vs. prior year-end) | 590,469,737.24 | 0.68% (vs. prior year-end) | [Non-recurring Gains and Losses](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses) From the beginning of the year to Q3 2022, total non-recurring gains and losses amounted to **5.0038 million yuan**, primarily driven by asset disposal gains and government grants, which were crucial for achieving positive net profit Non-recurring Gains and Losses Items | Item | YTD (Q3 2022) Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 4,135,530.22 | | Government Grants Recognized in Current P&L | 2,669,819.93 | | Other Non-operating Income and Expenses | -727,318.69 | | Less: Income Tax Impact | 913,252.05 | | Less: Impact on Minority Interests (After Tax) | 160,931.26 | | **Total** | **5,003,848.15** | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=Analysis%20of%20Major%20Financial%20Indicator%20Changes) Several profit indicators significantly improved due to increased overseas packaging and printing revenue and expanded cosmetics business, while operating cash flow improved from higher customer payments and rental income - Net profit attributable to shareholders and EPS significantly increased in both the current period and year-to-date, primarily due to increased revenue from overseas packaging and printing business and expanded cosmetics business, which improved gross margin[7](index=7&type=chunk) - Net cash flow from operating activities increased by **322.75%** year-to-date, mainly due to increased customer payments and rental income[7](index=7&type=chunk) [Shareholder Information](index=3&type=section&id=Shareholder%20Information) [Shareholding Structure](index=3&type=section&id=Shareholding%20Structure) As of the reporting period end, the company had **8,863** common shareholders, with the top ten holding approximately **78.26%**, indicating a concentrated equity structure and strong control by the controlling shareholder and related parties - As of the reporting period end, the company had **8,863** common shareholders[9](index=9&type=chunk) Top Ten Shareholders | Shareholder Name | Shares Held (Shares) | Shareholding (%) | | :--- | :--- | :--- | | Dong Jianjun | 72,681,300 | 36.13 | | Shanghai Xiangwan Investment Consulting Co., Ltd. | 42,638,100 | 21.20 | | Shanghai Muxin Private Fund Management Co., Ltd. - Muxin Qingtong No. 2 | 17,600,000 | 8.75 | | Shanghai Tongyi Investment Management Co., Ltd. - Tongyi Dongfeng No. 12 | 6,490,000 | 3.23 | | Dong Wangsheng | 5,787,100 | 2.88 | | Sun Jianchang | 2,535,254 | 1.26 | | Huang Yeqiong | 1,700,000 | 0.85 | | Jinyuan Shunan Yuanqi Flexible Allocation Mixed Securities Investment Fund | 1,606,100 | 0.80 | | Sun Yanchang | 1,524,952 | 0.76 | | Beijing Yabaolu Laofan Street Garment Market Co., Ltd. | 808,816 | 0.40 | - Controlling shareholder Dong Jianjun has an associated relationship or acts in concert with Shanghai Xiangwan Investment Consulting Co., Ltd. (**Dong Jianjun holds 99.75%**), Dong Wangsheng (Dong Jianjun's father), and Muxin Qingtong No. 2 Private Fund (sole investor is Dong Jianjun's daughter Dong Tingting)[10](index=10&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Quarterly%20Financial%20Statements) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) As of September 30, 2022, consolidated total assets reached **1.185 billion yuan**, with year-to-date operating revenue largely flat, but net profit attributable to shareholders turned profitable at **3.68 million yuan** from a prior year loss, and operating cash flow significantly increased by **322.75%** [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets were **1.185 billion yuan**, increasing by **4.26%** from year-end 2021, driven by higher cash, inventory, and construction in progress, while total liabilities increased by **8.15%** to **570 million yuan** due to increased borrowings | Item | September 30, 2022 (Yuan) | December 31, 2021 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Equivalents | 131,577,187.67 | 93,752,138.52 | 40.35% | | Accounts Receivable | 207,474,370.68 | 242,159,244.52 | -14.32% | | Inventories | 116,892,107.82 | 101,833,699.65 | 14.79% | | **Total Current Assets** | **510,894,826.16** | **488,939,157.99** | **4.49%** | | Fixed Assets | 362,151,937.29 | 342,140,479.77 | 5.85% | | **Total Non-current Assets** | **674,542,622.03** | **648,049,841.36** | **4.09%** | | **Total Assets** | **1,185,437,448.19** | **1,136,988,999.35** | **4.26%** | | Short-term Borrowings | 43,000,000.00 | 35,000,000.00 | 22.86% | | Long-term Borrowings | 70,053,114.77 | 51,748,693.30 | 35.37% | | **Total Liabilities** | **569,905,273.79** | **526,961,605.02** | **8.15%** | | Total Equity Attributable to Parent Company Shareholders | 590,469,737.24 | 586,463,785.88 | 0.68% | | **Total Owners' Equity** | **615,532,174.40** | **610,027,394.33** | **0.90%** | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, operating revenue was **455 million yuan**, largely flat, but effective cost control and **4.136 million yuan** in asset disposal gains led to operating profit turning positive and net profit attributable to shareholders reaching **3.68 million yuan**, reversing a prior year loss | Item | YTD (Q3 2022) (Yuan) | YTD (Q3 2021) (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 455,167,251.03 | 455,726,913.07 | -0.12% | | Total Operating Costs | 469,215,858.72 | 477,694,021.86 | -1.77% | | Gains/Losses from Asset Disposal | 4,135,530.22 | -15,571.04 | Turned Profitable | | **Operating Profit** | **4,026,431.50** | **-5,951,351.47** | **Turned Profitable** | | **Total Profit** | **3,299,112.81** | **-5,952,701.92** | **Turned Profitable** | | **Net Profit** | **5,178,621.76** | **-5,218,158.74** | **Turned Profitable** | | Net Profit Attributable to Parent Company Shareholders | 3,679,793.05 | -8,209,536.97 | Turned Profitable | | Basic EPS (Yuan/Share) | 0.0183 | -0.0409 | Turned Profitable | [Consolidated Cash Flow Statement](index=10&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, net cash flow from operating activities significantly increased by **322.75%** to **84.07 million yuan**, driven by higher cash receipts from sales, while investing activities resulted in a net outflow and financing activities a net inflow, leading to a healthy period-end cash balance of **132 million yuan** | Item | YTD (Q3 2022) (Yuan) | YTD (Q3 2021) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 84,070,013.98 | 19,886,372.08 | 322.75% | | Net Cash Flow from Investing Activities | -62,093,172.58 | -159,258,827.96 | 61.01% | | Net Cash Flow from Financing Activities | 15,535,642.51 | 60,124,558.85 | -74.16% | | **Net Increase in Cash and Cash Equivalents** | **37,825,049.15** | **-79,274,873.39** | **Not Applicable** | | Cash and Cash Equivalents at Period-end | 131,577,187.67 | 82,513,674.82 | 59.46% | [Parent Company Financial Statements](index=12&type=section&id=Parent%20Company%20Financial%20Statements) At the parent company level, as of September 30, 2022, total assets were **953 million yuan**, with year-to-date operating revenue decreasing but net profit increasing by **52.62%** to **4.993 million yuan**, indicating improved profitability and stable operating cash flow [Parent Company Balance Sheet](index=12&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2022, the parent company's total assets were **953 million yuan**, a slight **2.39%** increase from year-end 2021, with total liabilities increasing by **5.39%** to **331 million yuan** and owner's equity remaining stable at **622 million yuan** | Item | September 30, 2022 (Yuan) | December 31, 2021 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **952,874,508.18** | **930,670,302.76** | **2.39%** | | **Total Liabilities** | **331,043,765.05** | **314,125,749.91** | **5.39%** | | **Total Owners' Equity** | **621,830,743.13** | **616,544,552.85** | **0.86%** | [Parent Company Income Statement](index=14&type=section&id=Parent%20Company%20Income%20Statement) In the first three quarters of 2022, the parent company's operating revenue decreased by **8.71%** to **229 million yuan**, but net profit increased by **52.62%** to **4.993 million yuan** due to a larger decrease in operating costs and increased other income | Item | YTD (Q3 2022) (Yuan) | YTD (Q3 2021) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 229,006,829.08 | 250,865,789.43 | -8.71% | | Operating Costs | 190,753,126.20 | 214,206,866.82 | -10.95% | | **Operating Profit** | **4,282,162.04** | **2,712,907.20** | **57.84%** | | **Net Profit** | **4,993,317.67** | **3,271,728.03** | **52.62%** | [Parent Company Cash Flow Statement](index=16&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In the first three quarters of 2022, the parent company's net cash flow from operating activities remained stable at **46.723 million yuan**, with net cash outflows from investing activities primarily for fixed asset acquisitions and a net outflow from financing activities | Item | YTD (Q3 2022) (Yuan) | YTD (Q3 2021) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 46,722,853.30 | 44,244,085.50 | 5.60% | | Net Cash Flow from Investing Activities | -25,909,005.41 | -162,175,941.59 | 84.02% | | Net Cash Flow from Financing Activities | -2,476,818.27 | 50,455,142.85 | -104.91% | | **Net Increase in Cash and Cash Equivalents** | **18,480,355.23** | **-67,494,570.98** | **Not Applicable** |

2022 年第三季度报告 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。 2022 年第三季度报告 证券代码：603499 证券简称：翔港科技 上海翔港包装科技股份有限公司 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 1 / 17 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(%) 年初至报告期 末 年初至报告 期末比上年 同期增减变 动幅度(%) 营业收入 175,558,066.00 4.90 455,167,251.03 -0.12 归属于上市公司股东的净利润 2,477,608.46 12,640.89 3,679,793.05 不适用 归属于上市公司股东的扣除非经常性损 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥279,609,185.03, a decrease of 3.04% compared to ¥288,362,410.20 in the same period last year[21]. - The net profit attributable to shareholders was ¥1,202,184.59, a significant improvement from a loss of ¥8,228,983.09 in the previous year[21]. - The net cash flow from operating activities increased by 129.62% to ¥56,969,239.87, compared to ¥24,810,521.96 in the same period last year[21]. - Basic earnings per share for the first half of 2022 were ¥0.0060, compared to a loss of ¥0.0411 in the same period last year[22]. - The weighted average return on equity increased by 1.53 percentage points to 0.20% from -1.33% in the previous year[22]. - Operating revenue decreased by 3.04% to ¥279,609,185.03 compared to the same period last year[43]. - Operating profit turned positive at CNY 1,411,874.73, compared to a loss of CNY 7,252,358.48 in the first half of 2021[119]. - Net profit for the first half of 2022 was CNY 1,934,638.45, recovering from a net loss of CNY 6,966,994.92 in the same period last year[119]. - The company reported a comprehensive income of CNY 1,947,959.01, recovering from a loss of CNY 6,967,959.61 in the first half of 2021[120]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,157,935,085.66, reflecting a 1.84% increase from ¥1,136,988,999.35 at the end of the previous year[21]. - The total liabilities amounted to CNY 309,671,390.43, a slight decrease from CNY 314,125,749.91 at the end of the previous period[116]. - Total liabilities rose to CNY 545,666,859.71, compared to CNY 526,961,605.02, indicating an increase of around 3%[113]. - The company's long-term credit rating remains at "A+" with a stable outlook as of June 22, 2022[107]. - The company's current ratio increased by 2.79% from 1.74 in 2021 to 1.79 in the first half of 2022[108]. - The asset-liability ratio increased by 0.78 percentage points from 46.35% in 2021 to 47.12% in the first half of 2022[108]. Cash Flow - The net cash flow from investing activities improved by 72.19%, primarily due to reduced cash outflow for subsidiary equity purchases[43]. - Cash flow from investing activities showed a net outflow of ¥37,889,862.12, compared to a larger outflow of ¥136,232,370.01 in the previous period[126]. - Cash flow from financing activities decreased from ¥55,031,536.41 to ¥4,839,952.08, indicating a significant reduction in financing activities[126]. - The company received cash from sales of goods and services amounting to ¥355,388,683.67, up from ¥276,341,664.79, an increase of approximately 29%[125]. Research and Development - Research and development expenses decreased by 28.75% compared to the previous year, attributed to reduced activities in developing new products and technologies due to the pandemic[42]. - The company has developed advanced technologies such as AR packaging and anti-counterfeiting traceability packaging, aligning with the "Internet + Packaging" trend[34]. - The company has established a research and development system in collaboration with local universities and institutions, enhancing its innovation capabilities[35]. Market and Business Strategy - The company aims to become an integrated supplier for daily chemical products, expanding from outsourced materials to include internal materials and content (cosmetics OEM) through acquisitions and new subsidiaries[27]. - The Chinese cosmetics market is projected to reach 549.42 billion by 2023, with a growth rate of 12.3% from 2018[32]. - The company is actively developing its OEM/ODM business in the cosmetics sector, responding to the growing demand for outsourced production among brand owners[32]. - The company has focused on green printing initiatives, responding to the increasing environmental requirements from international clients[38]. Shareholder and Governance - The company held two shareholder meetings during the reporting period, with all proposals approved[60]. - The company did not distribute profits or increase capital reserves in the first half of 2022, with no dividends or stock bonuses declared[62]. - The company approved the unlocking of 50,960 restricted stocks on January 12, 2022, as part of its 2018 stock incentive plan[63]. - The company’s independent director Hu Renyu resigned after serving for six years, and Peng Juan was appointed as a new independent director[61]. Risks and Compliance - The company faces risks from intensified market competition and potential declines in gross margin due to rising raw material costs[52][55]. - There are no significant risks or non-operational fund occupation issues reported by the company[8]. - The company did not report any new strategies related to market expansion or mergers and acquisitions in the latest updates[67]. - The company has committed to not engaging in similar business activities as its controlling shareholder during the period of control[68]. Financial Reporting and Accounting - The financial statements were approved by the board of directors on August 25, 2022, ensuring compliance with regulatory requirements[146]. - The group recognizes expected credit losses based on historical loss rates and forward-looking information, with different stages of credit risk affecting the measurement of loss provisions[176]. - The group conducts annual goodwill impairment tests, with recoverable amounts determined by the higher of fair value less disposal costs and the present value of expected future cash flows[155].

Financial Performance - The company's revenue for Q1 2022 was CNY 140,332,636.20, representing a year-on-year increase of 16.34%[5] - Net profit attributable to shareholders was CNY 1,694,412.80, with a significant increase in high-margin overseas packaging printing business contributing to this growth[8] - The net cash flow from operating activities increased by 91.05% to CNY 65,153,235.82, driven by higher customer payments and increased rental income[8] - Total operating revenue for Q1 2022 was RMB 140,332,636.20, an increase of 16.4% compared to RMB 120,626,506.93 in Q1 2021[17] - Net profit for Q1 2022 was RMB 2,281,843.82, a significant recovery from a net loss of RMB 4,293,460.25 in Q1 2021[19] - Operating profit for Q1 2022 was RMB 2,102,976.36, compared to an operating loss of RMB 5,085,270.23 in the same period last year[18] - Basic and diluted earnings per share for Q1 2022 were RMB 0.0084, recovering from a loss of RMB 0.0240 per share in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,150,248,373.17, reflecting a 1.17% increase from the previous year[5] - As of March 31, 2022, the company's total assets amounted to RMB 1,150,248,373.17, an increase from RMB 1,136,988,999.35 at the end of 2021[16] - The company's cash and cash equivalents increased to RMB 128,561,701.98 from RMB 93,752,138.52, reflecting a growth of approximately 37.1%[13] - Accounts receivable decreased to RMB 171,470,418.66 from RMB 242,159,244.52, representing a decline of about 29.2%[13] - Inventory increased to RMB 111,504,403.19 from RMB 101,833,699.65, showing a rise of approximately 9.6%[15] - Total current liabilities decreased to RMB 274,740,303.90 from RMB 280,334,486.89, a reduction of about 2%[16] - The company's total liabilities increased to RMB 537,655,101.81 from RMB 526,961,605.02, marking an increase of approximately 2.6%[16] - The equity attributable to shareholders rose to RMB 588,442,231.89 from RMB 586,463,785.88, indicating a slight increase of about 0.3%[16] Operational Challenges - The company faced operational challenges due to COVID-19 restrictions in Shanghai, impacting production and operations since late March 2022[12] - The company is implementing closed-loop production to mitigate the impact of the pandemic on its operations[12] - The company continues to prioritize employee health and safety while striving to restore normal production operations[12] Costs and Expenses - Total operating costs for Q1 2022 were RMB 144,720,506.54, up 8.2% from RMB 133,826,529.46 in Q1 2021[18] - Research and development expenses for Q1 2022 were RMB 6,189,378.06, down from RMB 7,982,410.97 in Q1 2021[18] - The company reported a decrease in financial expenses, with interest expenses at RMB 4,940,198.63 compared to RMB 3,666,331.24 in Q1 2021[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,471[10] - Major shareholder董建军 holds 36.13% of the shares, with 27,925,532 shares pledged[10] - The weighted average return on equity increased by 1.09 percentage points to 0.29%[5] - The company reported non-recurring gains of CNY 551,716.36 after accounting for tax effects and minority interests[7]

Financial Performance - The company's operating revenue for 2021 was approximately ¥647.71 million, representing a year-over-year increase of 33.84% compared to ¥483.94 million in 2020[23]. - The net profit attributable to shareholders was a loss of approximately ¥18.42 million, a decline of 331.84% from a profit of ¥7.95 million in 2020[23]. - The basic earnings per share for 2021 was -¥0.09, a decrease of 325.00% compared to ¥0.04 in 2020[24]. - The weighted average return on equity decreased by 4.50 percentage points to -3.11% in 2021 from 1.39% in 2020[24]. - The net cash flow from operating activities increased by 223.48% to approximately ¥42.15 million in 2021, up from ¥13.03 million in 2020[23]. - The total assets at the end of 2021 were approximately ¥1.14 billion, an increase of 21.89% from ¥932.77 million at the end of 2020[23]. - The cost of goods sold increased by 38.70% to 557.20 million yuan, primarily due to rising material costs and labor expenses[56]. - The gross margin for the packaging printing segment decreased by 3.67 percentage points to 9.87%[59]. - The company reported a total revenue of 92,636,600, a decrease of 19,737,600 compared to the previous period, representing a decline of approximately 21.3%[101]. - The company reported a net loss of 384.95, indicating challenges in maintaining profitability during the reporting period[101]. Corporate Governance - The company received a standard unqualified audit report from PwC Zhongtian Certified Public Accountants[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[4]. - The company has not faced any violations in decision-making procedures regarding external guarantees[7]. - The company maintains compliance with corporate governance standards as per the Company Law and relevant regulations, ensuring no significant discrepancies exist[96]. - The independent directors are actively involved in overseeing management practices, contributing to enhanced corporate governance[96]. - The company has implemented measures to ensure the independence of its operations, with no significant influence from controlling shareholders reported[96]. - The company is focused on maintaining transparency and protecting the rights of minority investors through effective governance practices[96]. - The board of directors consists of 7 members, including 3 independent directors with expertise in law, finance, and the industry, enhancing decision-making capabilities[96]. - The company has established a performance evaluation and incentive system for senior management, linking compensation to performance outcomes[128]. Operational Strategy - The company focused on enhancing internal management systems and improving product technology content during the reporting period[33]. - The company aimed to build a one-stop supply chain for daily chemical products, integrating various business segments[33]. - The company continued to deepen cooperation with high-end clients and expand its customer base across various sectors, including daily chemicals and consumer electronics[33]. - The company has established a comprehensive production and sales service system, focusing on a "sales-driven production" model to meet customer demands[46]. - The company has developed a one-stop service for clients in the daily chemical sector, providing external materials, internal materials, and cosmetic products[48]. - The company is focusing on technological upgrades and automation, achieving a 60% labor savings on packaging production lines[37]. - The company plans to strengthen its marketing system and deepen customer relationships, targeting a comprehensive supply chain strategy for daily chemical products[87]. Research and Development - Research and development expenses rose by 47.65% to 34.78 million yuan, reflecting increased investment in product development[55]. - The company employed 112 R&D personnel, making up 10% of the total workforce, with a focus on enhancing product development capabilities[70]. - The company aims to leverage its R&D capabilities to develop new cosmetic products, enhancing its market position in the cosmetics sector[84]. - The company plans to increase its R&D budget by 15% in the upcoming fiscal year to support innovation initiatives[102]. - The company is investing in new technologies to enhance product offerings and improve operational efficiency[102]. Market Position and Competition - The company faced challenges due to rising costs in the supply chain and raw materials, impacting overall performance[33]. - The company is at risk of not meeting expected returns from its cosmetics business due to market and policy changes[92]. - The company faces risks from intensified market competition, with a need to expand production scale to maintain market share[89]. - The company has established partnerships with major brands like Estée Lauder and Unilever, enhancing its market presence[38]. - The cosmetics market in China reached 549.42 billion yuan, driven by younger consumers and personalized demands[45]. Shareholder Information - The company reported a reduction in shareholding for Chairman Dong Jianjun from 92,301,300 to 72,681,300 shares, a decrease of 19,620,000 shares, representing a 21.24% reduction[99]. - The total number of shares after the recent changes is 201,179,970, with a decrease of 970,701 shares during the reporting period[160]. - The company repurchased and canceled a total of 913,595 restricted shares on March 26, 2021[161]. - The company unlocked 768,634 restricted shares for 53 incentive recipients on June 9, 2021[161]. - The top shareholder, Dong Jianjun, holds 72,681,300 shares, representing 36.13% of the total shares, with 27,925,532 shares pledged[170]. Compliance and Risk Management - The company has established a comprehensive risk management system to enhance financial data analysis and fund usage supervision[130]. - The independent audit of the company's internal control effectiveness for 2021 was conducted by PwC, resulting in a standard unqualified opinion[131]. - The company has not reported any significant internal control deficiencies during the reporting period[131]. - The company has not disclosed any major accounting errors or corrections during the reporting period[143]. - The company has not encountered any violations regarding guarantees during the reporting period[137]. Future Outlook - Future guidance suggests a cautious outlook, with expectations of gradual recovery in revenue as market conditions improve[103]. - The company plans to implement a new digital marketing strategy, aiming to increase online sales by 40%[106]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next three years[106]. - The company is exploring partnerships with e-commerce platforms to enhance distribution channels and reach[106].

2021 年第三季度报告 证券代码：603499 证券简称：翔港科技 上海翔港包装科技股份有限公司 2021 年第三季度报告 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。 公司负责人董建军、主管会计工作负责人曹峻及会计机构负责人（会计主管人员）刘国 梁保证季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 1 / 14 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 (%) 年初至报告期末 年初至报告期末比 上年同期增减变动 幅度(%) 营业收入 167,364,502.87 31.24 455,726,913.07 38.23 归属于上市公司股东的净利润 19,446.12 -99.48 -8,209,536.97 -213.76 归属于上市公司股东的扣除非经常 性损益的净利润 -890,895.92 -140.32 -10,839,602.99 -331.28 经营活动产生的现金 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 288,362,410.20, representing a 42.63% increase compared to CNY 202,173,700.37 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 8,228,983.09, a decrease of 338.43% from a profit of CNY 3,451,279.45 in the previous year[21]. - The net cash flow from operating activities was CNY 24,810,521.96, a significant improvement of 173.45% compared to a negative cash flow of CNY 33,780,650.13 in the same period last year[21]. - The company's gross profit margin decreased due to rising raw material prices and labor costs, leading to a net profit of -8.23 million yuan, a decline of 338.43% year-on-year[37]. - The net profit for the first half of 2021 was a loss of ¥6,966,994.92, compared to a profit of ¥6,722,740.33 in the first half of 2020, indicating a substantial decline in profitability[117]. - The total comprehensive income for the period is CNY 6,727,353.43, which includes a profit distribution of CNY -11,346,932.80[134]. - The total comprehensive income for the current period is 1,246,427.46, reflecting a decrease compared to the previous period[141]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,113,830,124.09, an increase of 19.41% from CNY 932,774,190.46 at the end of the previous year[21]. - The company's total assets at the beginning of the period were 616,689,201.50, with a net decrease of 6,218,408.74 during the period[141]. - Total liabilities reached ¥495,900,118.80, up from ¥311,348,206.84, which is an increase of approximately 59.1%[109]. - The company's total liabilities decreased to CNY 21,195,676.34, down from CNY 28,590,729.82, indicating a reduction of approximately 25.93%[136]. - The company's cash and cash equivalents at the end of the reporting period are CNY 109,168,621.58, compared to CNY 141,846,460.00 at the beginning of the year, showing a decrease of about 23.12%[138]. Shareholder Information - The total number of shares before the recent changes was 202,150,671, which decreased by 910,722 shares to 201,239,949 after the changes[79]. - The largest shareholder, Dong Jianjun, held 74,701,300 shares, representing 37.12% of the total shares, with 27,925,532 shares pledged[85]. - The company held two shareholder meetings during the reporting period, with all proposals approved[58]. - The company completed the repurchase and cancellation of 913,595 shares of restricted stock under the 2018 Restricted Stock Incentive Plan[61]. Business Operations and Strategy - The company has expanded its business model to include OEM services for cosmetics, aiming to become an integrated supplier for daily chemical products[27]. - Recent acquisitions include Jiuting Technology and Qinyang Technology, enhancing the company's capabilities in both external and internal packaging materials[27]. - The company aims to enhance customer loyalty by providing a one-stop service for packaging materials and cosmetic processing[30]. - The company plans to continue focusing on market expansion and product development to improve future performance, although specific strategies were not disclosed in the report[117]. Research and Development - Research and development expenses rose by 55.81% to 15.94 million yuan, reflecting increased investment in new products and technologies[40]. - The company has developed advanced technologies such as AR packaging and anti-counterfeiting traceability packaging, aligning with the "Internet + Packaging" trend[30]. - Research and development expenses for the first half of 2021 were ¥7,546,979.73, an increase of 13.3% from ¥6,661,939.80 in the same period of 2020[120]. Financial Management - The financial expenses increased by 190.12% due to higher interest costs from convertible bonds and bank loans[40]. - The company reported a cash balance of ¥105.38 million, a decrease of 34.87% compared to the previous year, where it was ¥161.79 million, representing 9.46% of total assets[44]. - The company reported a significant increase in financial expenses, which rose to ¥6,776,259.52 from ¥2,335,647.98, reflecting higher interest costs[116]. Market Conditions - The printing industry is experiencing rapid growth in emerging markets, particularly in China and India, with significant market expansion opportunities[28]. - The overall market for the printing industry in China remains fragmented, with a low concentration of market share among listed companies[29]. - The company faces risks from increased market competition and potential declines in profit margins due to rising raw material costs[50][53]. Corporate Governance - There were changes in senior management, with Song Yukun appointed as the new Secretary of the Board, Investment Director, and Legal Director[59]. - The company has committed to not engaging in similar business activities as its controlling shareholder during their tenure[65]. - The company did not report any significant environmental or social responsibility updates during the reporting period[63]. Accounting Policies - The financial statements are prepared based on the "Enterprise Accounting Standards" and reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[150]. - The company recognizes financial instruments based on their classification and measurement, including those measured at amortized cost and fair value[160]. - The group measures financial assets at fair value with changes recognized in other comprehensive income, primarily including receivables financing[164].

2021 年第一季度报告 | 公司代码：603499 | 公司简称：翔港科技 | | --- | --- | | 转债代码：113566 | 转债简称：翔港转债 | | 转股代码：191566 | 转股简称：翔港转股 | 上海翔港包装科技股份有限公司 2021 年第一季度报告 1 / 27 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2021 年第一季度报告 单位：元 币种：人民币 3 / 27 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人董建军、主管会计工作负责人曹峻及会计机构负责人（会计主管人员）刘国梁保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 2021 年第一季度报告 | 的净利润 | | | | | | --- | --- | --- | --- | --- | | 加权平均 ...

Financial Performance - The company's operating revenue for 2020 was CNY 483,937,621.08, representing a 48.83% increase compared to CNY 325,155,136.59 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 7,945,656.13, a decrease of 46.34% from CNY 14,807,746.20 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,105,703.09, down 72.70% from CNY 7,714,055.57 in 2019[18]. - The net cash flow from operating activities was CNY 13,029,016.33, a decline of 71.29% compared to CNY 45,377,516.46 in 2019[18]. - The total assets at the end of 2020 were CNY 932,774,190.46, an increase of 36.05% from CNY 685,630,915.43 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were CNY 600,817,820.43, an increase of 11.81% from CNY 537,346,164.02 at the end of 2019[18]. - Basic earnings per share decreased by 42.86% to CNY 0.04 in 2020 compared to CNY 0.07 in 2019[19]. - Diluted earnings per share fell by 50.00% to CNY 0.04 in 2020 from CNY 0.08 in 2019[19]. - The weighted average return on equity decreased to 1.39% in 2020, down 1.32 percentage points from 2.71% in 2019[19]. - The gross margin of the main business decreased by 2.68 percentage points, influenced by rising raw material prices and changes in revenue recognition standards[44]. Business Operations and Strategy - The company plans not to distribute profits or increase capital reserves through stock conversion for the 2020 fiscal year[5]. - The company aims to become an integrated supplier for daily chemical products, although the cosmetics OEM business is still in its early stages[29]. - The company operates under a "make-to-order" business model, focusing on customer demand for production, and has established a comprehensive production and sales service system[30]. - The company has developed an integrated business model, providing comprehensive packaging solutions, which enhances customer loyalty and increases profit margins[34]. - The company has made significant investments in technology and equipment, including advanced printing machines, to fill gaps in high-end printing processes in the domestic market[37]. - The company has successfully developed various innovative packaging technologies, including AR packaging and anti-counterfeiting traceability solutions, aligning with the trend of "Internet + packaging"[36]. - The company is actively pursuing research and development projects in advanced printing technologies, including LED-UV printing and RFID printing, to maintain its competitive edge[36]. - The company has initiated projects for cosmetics production and R&D testing centers to support its expansion into the cosmetics OEM/ODM business[74]. - The company plans to strengthen project management for key clients and enhance collaboration to reduce procurement costs and increase customer loyalty[81]. Market and Industry Insights - The printing industry in China has a total output value exceeding 1 trillion RMB, indicating a stable upward trend in the market[32]. - The printing industry in China is characterized by low market concentration, with the largest companies holding only about 0.3% market share, indicating significant room for consolidation[33]. - The cosmetics market in China grew from RMB 200 billion in 2013 to RMB 400 billion in 2019, with retail sales of cosmetics above the limit increasing from RMB 160 billion to RMB 300 billion during the same period[72]. - The company anticipates stable growth in the packaging printing industry, with a focus on green printing and sustainable development[70]. - The trend towards digital printing technology is expected to reduce production costs and improve efficiency[71]. Financial Management and Investments - The company reported a net cash outflow from investing activities of -93,042,534.47 CNY, a decrease of 822.35% compared to the previous year, attributed to increased cash outflow from acquisitions[63]. - Financing activities generated a net cash inflow of 164,176,923.09 CNY, a significant increase of 944.92% due to the issuance of convertible bonds[63]. - The company issued convertible bonds to raise funds for expanding its OEM cosmetics business[29]. - The company has plans to utilize retained earnings for purchasing assets and expanding production capabilities, particularly in the cosmetics sector[98]. - The company has committed to developing high-tech packaging solutions, including anti-counterfeiting and interactive smart packaging technologies[80]. Shareholder and Governance Matters - The company plans to maintain a cash dividend policy where the cash distributed should not be less than 10% of the distributable profit for the year[96]. - The company aims to retain undistributed profits for future operational needs and strategic investments, particularly in the cosmetics project and R&D center[98]. - The company has set a guideline that cumulative cash dividends over any three consecutive years should not be less than 30% of the average annual distributable profit for those years[96]. - The company will actively communicate with shareholders, especially minority shareholders, regarding dividend proposals and their concerns[95]. - The company has established a clear plan for managing shareholdings and commitments related to its IPO, ensuring compliance with regulations and shareholder interests[99]. Risk Management - The company has detailed the major risks associated with its operations in the report, which should be reviewed in the relevant sections[6]. - The company faced risks from increased market competition, potential tax incentive changes, and declining gross margins due to rising raw material costs and labor expenses[90]. - The company has identified significant operational pressures in the printing and packaging industry, prompting a strategic focus on cash retention for stability and growth[98]. Human Resources and Corporate Culture - The company has a total of 162 R&D personnel, making up 14.96% of the total workforce[59]. - The company has implemented a diversified compensation system based on job performance, ensuring internal and external fairness in salary levels[172]. - The company has developed training programs to enhance the skills of management and technical personnel, fostering a high-quality team[173]. - The company has emphasized green production and digital workflows, implementing energy-saving measures that improve environmental technology indicators[88]. Audit and Compliance - The audit report issued by PwC was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[4]. - The company appointed PwC as the new auditor for the 2020 financial year, with an audit fee of RMB 900,000, replacing the previous auditor, which charged RMB 650,000[110]. - The internal control self-assessment report for 2020 is available on the Shanghai Stock Exchange website, ensuring transparency[181]. - The company engaged PwC to conduct an independent audit of its internal controls, receiving a standard unqualified opinion[182].

Financial Performance - Operating revenue for the first nine months reached CNY 329,699,295.36, a 39.41% increase year-on-year[6] - Net profit attributable to shareholders decreased by 70.07% to CNY 4,686,798.95 compared to the same period last year[7] - Basic earnings per share fell by 65.60% to CNY 0.0366[7] - Total revenue for the period was ¥329,699,295.36, a 39% increase year-over-year, driven by the revenue contribution from the acquired subsidiary[16] - Total costs for the period amounted to ¥329,759,035.04, up 41% year-over-year, primarily due to the increased costs from the acquired subsidiary[16] - Net profit attributable to shareholders of the parent company was ¥7,216,825.09, a decrease of 65% year-over-year, primarily due to increased interest expenses from the issuance of convertible bonds and reduced non-operating income[17] - Total operating revenue for Q3 2020 reached ¥127,525,594.99, a significant increase of 81.5% compared to ¥70,297,113.95 in Q3 2019[28] - Net profit for Q3 2020 was ¥4,762,504.42, compared to a net loss of ¥1,966,647.22 in Q3 2019, marking a turnaround[30] - The total profit for the first three quarters of 2020 was approximately ¥8.74 million, down from ¥25.41 million in the same period of 2019, indicating a decline of 65.6%[33] Cash Flow - Net cash flow from operating activities dropped by 99.52% to CNY 138,565.55[6] - The net cash flow from operating activities was ¥138,565.55, a 100% decrease compared to the same period last year, mainly due to reduced cash recovery from sales[18] - The net cash flow from investing activities was -¥62,929,929.72, a 16165% decrease year-over-year, primarily due to a reduction in redeemed time deposits and structured deposits[18] - The net cash flow from financing activities was ¥160,599,493.02, an increase of 983% compared to the same period last year, mainly due to the issuance of convertible bonds[18] - The cash inflow from operating activities for the first three quarters of 2020 was approximately ¥369.60 million, an increase from ¥289.62 million in the same period of 2019[35] - The net cash flow from financing activities for the first three quarters of 2020 was 160,599,493.02 RMB, a turnaround from -18,183,687.46 RMB in the same period last year[38] Assets and Liabilities - Total assets increased by 40.71% to CNY 964,741,825.30 compared to the end of the previous year[6] - Total liabilities increased to CNY 325,394,066.40, up from CNY 147,059,639.09 year-over-year[22] - Current liabilities totaled CNY 209,864,145.55, compared to CNY 142,520,218.08 in the previous year, reflecting a significant increase[22] - Non-current liabilities rose to CNY 115,529,920.85 from CNY 4,539,421.01, indicating a substantial growth in long-term obligations[22] - Total equity reached CNY 639,347,758.90, up from CNY 538,571,276.34, showing a positive trend in shareholder equity[23] - The company reported a total asset increase to CNY 876,428,871.20 from CNY 680,785,609.89, indicating overall growth in asset base[25] Shareholder Information - The number of shareholders reached 13,053 by the end of the reporting period[11] - The largest shareholder, Dong Jianjun, holds 45.66% of the shares, amounting to 92,301,300 shares[11] - The company’s total equity attributable to shareholders was CNY 620,733,959.95, up from CNY 537,346,164.02, indicating strong performance in shareholder value[23] Research and Development - Research and development expenses for the period were ¥16,770,382.67, a 43% increase compared to the same period last year, mainly due to the consolidation of R&D expenses from the acquired subsidiary[16] - Research and development expenses in Q3 2020 amounted to ¥6,538,269.52, an increase of 82.5% from ¥3,580,183.53 in Q3 2019[29] - The company's R&D expenses for the first three quarters of 2020 were approximately ¥10.38 million, a decrease of 9.5% from ¥11.47 million in the same period of 2019[32] Comprehensive Income - The company reported a comprehensive income total of ¥4,756,724.79 for Q3 2020, compared to a loss of ¥1,967,348.99 in Q3 2019[31] - The company achieved a total operating profit of ¥2,646,086.12 in Q3 2020, a significant improvement from a loss of ¥4,882,273.78 in Q3 2019[29] - The total operating profit for Q3 2020 was approximately ¥4.24 million, a recovery from a loss of ¥2.17 million in Q3 2019[33]