Financial Performance - The company's revenue for Q1 2023 was CNY 496,777,060.08, representing a decrease of 6.57% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 38,775,241.28, down 52.99% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 30,247,340.23, a decline of 54.49% compared to the previous year[6]. - Basic and diluted earnings per share were both CNY 0.10, down 52.38% year-on-year[6]. - Total operating revenue for Q1 2023 was ¥496,777,060.08, a decrease of 6.5% compared to ¥531,710,938.94 in Q1 2022[23]. - Net profit for Q1 2023 was ¥38,775,241.28, down 53.0% from ¥82,464,010.60 in Q1 2022[24]. - Earnings per share for Q1 2023 was ¥0.10, compared to ¥0.21 in Q1 2022, reflecting a decline of 52.4%[25]. Cash Flow and Operating Activities - The net cash flow from operating activities increased by 18.40% to CNY 88,181,418.80[6]. - Cash flow from operating activities generated a net amount of ¥88,181,418.80 in Q1 2023, an increase of 18.4% from ¥74,475,981.94 in Q1 2022[28]. - The net cash flow from investing activities was -$13,440,396.93, compared to -$82,808,924.38 in the previous period[29]. - Cash inflow from financing activities totaled $291,479,477.45, while cash outflow was $389,660,046.98, resulting in a net cash flow of -$98,180,569.53[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,723,361,510.65, a decrease of 4.28% from the end of the previous year[6]. - The company's current assets totaled RMB 1,591,327,147.59, down from RMB 1,710,954,868.58, indicating a decrease of about 7.0%[19]. - The cash and cash equivalents were RMB 500,655,780.11, compared to RMB 539,252,906.00 at the end of 2022, representing a decline of approximately 7.1%[19]. - The company's inventory decreased to RMB 617,355,364.71 from RMB 650,126,328.92, a reduction of about 5.0%[19]. - The total liabilities as of March 31, 2023, were RMB 1,094,118,203.20, down from RMB 1,275,688,578.78, showing a decrease of approximately 14.2%[20]. - Total liabilities decreased to ¥1,219,424,901.78 in Q1 2023 from ¥1,402,174,911.59 in Q1 2022, a decline of 13.0%[21]. - The company's long-term assets totaled RMB 2,132,034,363.06, a decrease from RMB 2,179,008,845.24, reflecting a decline of about 2.2%[20]. - The company's short-term borrowings were RMB 545,661,865.49, down from RMB 642,728,316.67, indicating a decrease of approximately 15.1%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,572[12]. - The company repurchased a total of 3,930,000 shares, accounting for 1.03% of the total share capital, with a total expenditure of RMB 33,696,011.77[16]. - The company’s employee stock ownership plan had 130 participants, with 11 employees having transferred their shares due to resignation[15]. Other Financial Metrics - The weighted average return on equity was 1.55%, a decrease of 2.00 percentage points[6]. - Research and development expenses decreased to ¥12,186,394.43 in Q1 2023 from ¥14,705,653.53 in Q1 2022, a reduction of 17.1%[24]. - Tax expenses rose significantly to ¥4,210,553.24 in Q1 2023, compared to ¥1,955,116.24 in Q1 2022, marking an increase of 115.0%[24]. - Other comprehensive income after tax for Q1 2023 was -¥22,627,434.64, an improvement from -¥34,670,461.10 in Q1 2022[25]. - Total equity increased to ¥2,503,936,608.87 in Q1 2023 from ¥2,487,788,802.23 in Q1 2022, reflecting a growth of 0.6%[21]. Cash and Cash Equivalents - The cash and cash equivalents at the end of the period decreased to $238,559,090.00 from $290,475,430.63[29]. - The company experienced a negative impact of -$8,317,524.80 from exchange rate fluctuations on cash and cash equivalents[29]. - The beginning cash and cash equivalents balance was $270,316,162.46[29].

Financial Performance - In 2022, the company achieved operating revenue of CNY 2,353,581,392.96, representing a year-on-year increase of 14.71% compared to CNY 2,051,681,253.62 in 2021[7] - The net profit attributable to shareholders of the listed company was CNY 261,720,220.39, a significant increase of 56.50% from CNY 167,229,486.86 in the previous year[7] - The company's net assets attributable to shareholders reached CNY 2,487,788,802.23 at the end of 2022, up 7.48% from CNY 2,314,743,678.50 at the end of 2021[25] - The total assets of the company were CNY 3,889,963,713.82, showing a slight decrease of 1.59% from CNY 3,952,806,263.92 in 2021[25] - The net cash flow from operating activities was CNY 310,166,113.40, an increase of 14.61% compared to CNY 270,617,334.40 in 2021[25] - Basic earnings per share for 2022 were 0.69 yuan, up 60.47% from 0.43 yuan in 2021[26] - The weighted average return on equity increased to 10.90% in 2022, up 3.78 percentage points from 7.12% in 2021[27] - The company achieved a total sales revenue of 2,353,581,392.96 yuan in 2022, a year-on-year increase of 14.71%, and a net profit of 261,720,200.00 yuan, up 56.5%[49] Business Operations - The company has implemented a share buyback during the reporting period, considering its profitability and financial condition[7] - The company emphasized the importance of market conditions and other factors affecting its future development strategies and operational plans[8] - The company achieved a sales revenue of 2.354 billion yuan in 2022, representing a year-on-year growth of 14.71%[38] - Seamless business sales revenue grew from 502 million yuan in 2021 to 738 million yuan in 2022, marking a growth of 47.27%[38] - The company plans to continue developing new projects and expanding its customer base to support long-term growth in the seamless business[38] - The company is actively expanding its production capacity in Vietnam, with the Hai Phong expansion project adding a new factory capable of housing 659 sock machines, expected to increase capacity by approximately 35 million pairs[39] - The company’s ODM capabilities have been strengthened, with 12 self-developed products recognized by key clients, enhancing design and manufacturing levels[40] Challenges and Strategies - The company faced significant challenges in 2022 due to geopolitical factors, impacting export stability[38] - The company emphasized a strategy of adapting to changes and leveraging challenges as opportunities[38] - The textile and apparel industry is expected to face complex challenges in 2023, with global economic recovery remaining weak and international market demand relatively sluggish[90] - The company plans to enhance its core competitiveness by focusing on "cost reduction and efficiency improvement" to achieve "low cost, high quality, and short delivery time"[92] Environmental Responsibility - The company invested approximately 1,802.67 million yuan in environmental protection during the reporting period[144] - The company has established a wastewater treatment facility with a daily processing capacity of 1,000 tons since 2012, ensuring compliance with discharge limits[158] - The company has implemented various pollution control measures, including activated carbon adsorption and water film desulfurization for boiler emissions, all of which are currently operational and compliant with standards[169] - The company has established a monitoring plan for wastewater, waste gas, noise, and solid waste, ensuring compliance with environmental regulations[191] - The company is committed to sustainable development and has published a social responsibility report detailing its efforts[196] Corporate Governance - The company held three temporary shareholder meetings in 2022, with key resolutions including increasing guarantee limits and revising the company's articles of association[102] - The chairman and president, Zhang Maoyi, reduced his shareholding by 15,250,000 shares due to personal financial needs, ending the year with 132,212,262 shares[105] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 6.4874 million yuan[114] - The company has not reported any significant changes in competition or business independence issues related to its major shareholders[100] - The company has maintained a consistent shareholding structure among its board members, with no significant changes reported[105] Future Outlook - The company plans to accelerate the construction and development of its Guizhou and Vietnam bases to become significant profit contributors[93] - The management team highlighted the need for continuous improvement in customer service and product quality to retain market share[107] - Future outlook suggests a focus on expanding market presence and enhancing product offerings to drive growth[107] - The company is considering strategic acquisitions to bolster its market position and enhance operational capabilities[107]

证券代码：603558 证券简称：健盛集团 公告编号：2023-006 浙江健盛集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 浙江健盛集团股份有限公司（以下简称"公司"）将于 2023 年 3 月 21 日发 布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况，公司计划于 2023 年 03 月 27 日下午 15:00-16:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2023 年 03 月 27 日（星期一）下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： 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 03 月 20 日(星期一)至 03 月 24 日(星期五)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 jasan@ ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥563,145,028.88, a decrease of 7.73% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥80,328,693.30, an increase of 10.11% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.21, reflecting a growth of 5.00% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 reached ¥1,817,266,856.58, an increase of 19.5% compared to ¥1,521,235,825.76 in the same period of 2021[26]. - Net profit for the first three quarters of 2022 was ¥268,445,854.18, representing a 48.3% increase from ¥180,929,971.09 in the same period of 2021[27]. - The company reported a total comprehensive income of ¥337,954,193.78 for the first three quarters of 2022, compared to ¥174,340,235.87 in the same period of 2021[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,961,314,043.13, showing a slight increase of 0.22% from the end of the previous year[6]. - Total liabilities as of the end of the third quarter of 2022 amounted to ¥1,419,183,589.60, a decrease from ¥1,638,034,567.16 at the end of the previous year[24]. - The total equity attributable to shareholders increased to ¥2,542,130,453.53, representing a growth of 9.82% from the previous year-end[6]. - Non-current assets totaled RMB 2,182,576,850.86, an increase from RMB 2,126,501,281.64, marking a growth of approximately 2.6%[22]. Cash Flow - The company reported a net cash flow from operating activities of ¥228,439,082.38, which is a significant increase of 339.10% year-on-year[6]. - In the first three quarters of 2022, the cash inflow from operating activities was approximately $2.15 billion, an increase of 43.3% compared to $1.50 billion in the same period of 2021[31]. - The net cash flow from operating activities for the first three quarters of 2022 was approximately $228.44 million, significantly up from $52.02 million in 2021, marking a 338.5% increase[31]. - The cash inflow from financing activities in the first three quarters of 2022 was approximately $1.36 billion, a decrease of 5.5% from $1.44 billion in 2021[32]. - The net cash flow from financing activities was negative at approximately -$64.18 million in 2022, contrasting with a positive net cash flow of $252.07 million in 2021[32]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,464[12]. - The top shareholder, Zhang Maoyi, holds 34.68% of the shares, with 34,200,000 shares pledged[13]. - The second phase of the employee stock ownership plan saw 4,458,963 shares unlocked, representing 1.17% of the total share capital[18]. Investments and Subsidiaries - The company established Guizhou Yideng Sportswear Co., Ltd. with a registered capital of RMB 20 million, focusing on apparel manufacturing and retail[15]. - Jiangshan Jiansheng Outdoor Products Co., Ltd. was established with a total investment of RMB 100 million and a registered capital of RMB 50 million, aimed at outdoor product sales[16]. Research and Development - Research and development expenses increased to ¥47,888,225.67 in 2022 from ¥42,016,089.63 in 2021, reflecting a growth of 20.5%[27]. Operational Costs - Total operating costs for the first three quarters of 2022 were ¥1,541,723,319.24, up 16.5% from ¥1,323,014,977.45 in the previous year[26].

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 1,254,121,827.70, representing a 37.68% increase compared to CNY 910,895,086.70 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was CNY 188,253,319.40, a 74.02% increase from CNY 108,181,780.47 in the previous year[21]. - The net cash flow from operating activities significantly increased to CNY 148,268,094.79, up 1,713.41% from CNY 8,176,207.48 in the same period last year[21]. - Basic earnings per share rose to CNY 0.49, a 75.29% increase compared to CNY 0.28 in the previous year[22]. - The weighted average return on net assets increased to 7.81%, up 3.19 percentage points from 4.62% in the same period last year[22]. - The company achieved a sales revenue of 1.254 billion yuan, an increase of 38% compared to the same period in 2021[32]. - The net profit reached 188 million yuan, up 74% year-on-year[32]. - The company reported a total comprehensive income of ¥216,134,579.33, compared to ¥81,401,615.70 in the same period last year[154]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,159,973,844.48, reflecting a 5.24% increase from CNY 3,952,806,263.92 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased to CNY 2,420,310,839.08, a 4.56% rise from CNY 2,314,743,678.50 at the end of the previous year[21]. - Total liabilities were reported at RMB 1,739,663,005.40, compared to RMB 1,638,034,567.16 at the beginning of the period, indicating an increase of approximately 6.19%[146]. - The company's equity attributable to shareholders rose to RMB 2,420,310,839.08 from RMB 2,314,743,678.50, reflecting an increase of about 4.55%[146]. Sales and Market Performance - The sock business generated approximately 811 million yuan in sales, a year-on-year growth of 20%, with a net profit of about 133.44 million yuan, increasing by 37%[32]. - The seamless business reported sales of approximately 443 million yuan, a significant increase of 87%, and a net profit of about 54.82 million yuan, up 413%[32]. - The sales revenue from the self-owned brand JSC grew significantly, achieving approximately CNY 25 million, which is over 300% higher than the same period last year[33]. Research and Development - Research and development expenses increased by 24.14% to CNY 32.71 million, reflecting the company's commitment to enhancing its R&D capabilities[38]. - The company focuses on enhancing its core competitiveness through "high quality, low cost, and short delivery time" by improving production management in five key areas: planning, material control, digitalization, lean management, and process optimization[32]. Environmental Compliance - The company has not experienced any environmental pollution incidents or received administrative penalties during the reporting period, indicating a strong commitment to environmental protection[58]. - The company’s wastewater discharge standards include a COD limit of 200 mg/L and a total nitrogen limit of 30 mg/L, with specific monitoring in place[63]. - The company has implemented measures to ensure that all emissions are within the prescribed limits, including a pH range of 6-9 for wastewater[63]. - The company has established a total discharge limit of 69.3 tons/year for COD at its subsidiary, indicating a focus on compliance with environmental regulations[63]. Shareholder Information - The company repurchased 11,679,700 shares, accounting for 2.97% of the total share capital, with a total expenditure of approximately CNY 120.03 million[34]. - The controlling shareholder, Mr. Zhang Maoyi, plans to reduce his shareholding by up to 15,717,706 shares, accounting for 4% of the total share capital[124]. - As of August 29, 2022, Mr. Zhang has cumulatively reduced his holdings by 6,263,300 shares through centralized bidding, which is 1.64% of the total share capital[124]. Financial Independence and Governance - The company has not provided any financial assistance or compensation to its controlling shareholders or related parties, maintaining financial independence[116]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[118]. - The company has maintained a good integrity status, with no overdue debts or unfulfilled commitments reported[118]. Future Outlook - The company plans to enhance design capabilities and expand into domestic markets to counteract weak consumer demand due to international instability[48]. - The company aims to expand its market presence and enhance product offerings in the textile sector[180].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 531,710,938.94, representing a year-on-year increase of 28.54%[5] - The net profit attributable to shareholders for the same period was CNY 82,484,918.50, reflecting a significant increase of 74.10% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 66,458,009.29, which is an increase of 40.73% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.21, up by 75.00% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥531,710,938.94, a 28.6% increase from ¥413,642,314.05 in Q1 2021[24] - Net profit for Q1 2022 was ¥82,464,010.60, up 74.1% from ¥47,370,647.63 in Q1 2021[25] - Operating profit for Q1 2022 was ¥90,872,940.15, an increase of 72.0% compared to ¥52,861,927.74 in Q1 2021[25] - Basic earnings per share for Q1 2022 were ¥0.21, an increase from ¥0.12 in Q1 2021[26] Cash Flow - The net cash flow from operating activities reached CNY 74,475,981.94, marking a substantial increase of 130.49% compared to the same period last year[6] - Cash inflow from operating activities in Q1 2022 was ¥660,986,984.13, compared to ¥506,944,506.53 in Q1 2021, reflecting a 30.3% increase[28] - The net cash flow from operating activities was $74,475,981.94, an increase from $32,311,463.53 in the previous year, representing a growth of approximately 130.4%[29] - The total cash outflow from operating activities amounted to $586,511,002.19, compared to $474,633,043.00 in the same period last year, indicating a rise of about 23.5%[29] - The net cash flow from financing activities was $70,506,484.60, a decline from $140,510,211.62 in the previous year, showing a decrease of about 50%[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,980,639,729.05, a slight increase of 0.70% from the end of the previous year[6] - As of March 31, 2022, the company had total assets of RMB 3,980,639,729.05, an increase from RMB 3,952,806,263.92 at the end of 2021[19] - The total liabilities as of Q1 2022 were ¥1,650,085,578.78, slightly up from ¥1,638,034,567.16 in Q1 2021[22] - The total equity attributable to shareholders reached ¥2,330,547,039.91 in Q1 2022, compared to ¥2,314,743,678.50 in Q1 2021[22] Expenses - The company reported a significant increase in sales expenses by 40.77%, primarily due to higher consulting service fees[9] - Financial expenses surged by 518.40%, attributed to increased borrowings and corresponding interest expenses[9] - Research and development expenses for Q1 2022 amounted to ¥14,705,653.53, up 19.1% from ¥12,335,767.45 in Q1 2021[24] - The total cost of operations for Q1 2022 was ¥464,377,986.42, up from ¥363,324,731.92 in Q1 2021, indicating a 28.0% increase[24] Shareholder Activities - The company repurchased a total of 9,793,300 shares, representing 2.49% of the total share capital, with a total expenditure of RMB 99,768,476.92[16] - The second phase of the employee stock ownership plan had 134 participants, with 5,696,209 shares sold, generating a total income of RMB 66,652,000[15] - Zhang Maoyi reduced his holdings by 7,800,000 shares, accounting for 1.99% of the total share capital, as part of a larger plan to sell up to 15,717,706 shares[17] - The company plans to continue its stock repurchase program with a budget of between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 12.82 per share[16] Inventory and Receivables - The total inventory as of March 31, 2022, was RMB 708,517,833.03, up from RMB 664,744,234.24 at the end of 2021, indicating a growth of approximately 6.57%[20] - The company reported a decrease in accounts receivable from RMB 438,420,356.35 at the end of 2021 to RMB 389,429,620.63 as of March 31, 2022[20] Other Income and Expenses - The company received substantial government subsidies, leading to a 545.98% increase in other income[9] - Other comprehensive income for Q1 2022 showed a loss of ¥34,670,461.10, compared to a gain of ¥4,268,301.52 in Q1 2021[26] - The cash paid for taxes was $12,762,744.88, down from $20,194,492.85, indicating a decrease of approximately 36.5%[29] - The cash inflow from investment activities was $12,150,458.65, compared to $35,552,009.76 in the previous year, reflecting a decline of about 65.8%[29]

Financial Performance - In 2021, the company achieved operating revenue of CNY 2,051,681,253.62, representing a year-on-year increase of 29.65% compared to CNY 1,582,449,086.77 in 2020[25] - The net profit attributable to shareholders of the listed company was CNY 167,229,486.86, a significant turnaround from a net loss of CNY 527,727,666.75 in 2020, marking an increase of 131.69%[25] - The cash flow from operating activities for 2021 was CNY 270,617,334.40, reflecting a slight increase of 4.30% from CNY 259,450,931.01 in 2020[25] - Basic earnings per share rose to 0.43 yuan, up 132.82% from -1.31 yuan in 2020[27] - The weighted average return on equity increased to 7.12%, up 26.93 percentage points from -19.81% in 2020[27] - The company achieved a record sales revenue of 2,051.68 million yuan in 2021, representing a year-on-year growth of 29.65%[36] - Net profit for 2021 was 167.23 million yuan, a significant increase of 131.69% compared to the previous year[36] - The company’s net profit, excluding the impact of goodwill impairment and stock incentive expenses, would have been 212.89 million yuan[36] Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.15 per share (including tax) based on a total share base of 383,149,349 shares after accounting for repurchased shares[9] - The company implemented a cash dividend policy, committing to distribute at least 20% of the available profit to shareholders, although no dividends were distributed for the year 2020 due to a net loss[123] Operational Efficiency - The company recorded goodwill impairment losses of 9.13 million yuan in 2021, alongside employee stock incentive expenses of 36.53 million yuan[36] - The company focused on optimizing customer relationships and adjusting product prices due to rising raw material costs[36] - The sock business showed stable growth, with strong customer demand during the reporting period[36] - The company achieved a production capacity utilization rate of 99.50% for Jiangshan Knitting, indicating efficient operations[58] - The company increased the number of seamless knitting machines from 173 to 309 during the reporting period, significantly boosting production capacity[38] Strategic Initiatives - The company is committed to becoming a global leader in integrated supply chain manufacturing for knitted sportswear[2] - The company plans to enhance its seamless business by developing new projects with existing customers and acquiring new clients[36] - Key projects for 2022 include the development of production bases in Guizhou and Vietnam, aiming to contribute significantly to profits[86] - The company plans to strengthen data analysis capabilities to control operational risks and improve financial oversight[88] Risk Management - The company has outlined potential risks in its future development strategy, advising investors to be aware of investment risks[10] - The company is addressing potential risks such as currency fluctuations and rising labor costs through strategies like forward foreign exchange contracts and automation projects[89] Environmental Compliance - The company has not experienced any environmental pollution incidents during the reporting period and has not received any administrative penalties related to environmental protection[135] - The company has established a comprehensive monitoring system for wastewater and air emissions to ensure compliance with environmental standards[144] - The company has implemented measures to ensure that all emissions are within regulatory limits, with no exceedance reported in 2021[144] - The company has received environmental impact assessment approvals for multiple projects, ensuring compliance with environmental protection laws[161] Governance and Compliance - The company held 5 shareholder meetings, 7 board meetings, and 5 supervisory board meetings during the reporting period, ensuring compliance with legal and procedural requirements[93] - The company has implemented strict insider information management practices, ensuring compliance with relevant regulations[92] - The company has established a comprehensive internal control system to safeguard shareholder rights and ensure sustainable development[92] - The company has conducted a self-assessment of its governance practices, reporting no issues requiring rectification[134] Employee Engagement - The company’s employee training plan for 2022 focuses on new hires, skill enhancement, and general courses based on a needs assessment conducted prior[121] - The employee stock ownership plan is designed to align employee interests with company performance, enhancing motivation and retention[129] Market Expansion - The company plans to expand its market presence through strategic acquisitions and partnerships in the upcoming fiscal year[102] - The company is exploring new market segments to diversify its revenue streams and reduce dependency on existing markets[102] Research and Development - R&D expenses grew by 27.88% year-on-year to CNY 58,813,310.13, reflecting the company's commitment to product development[52] - Research and development efforts are being prioritized to innovate and improve product offerings[102]

Financial Performance - The company's operating revenue for Q3 2021 was ¥610,340,739.06, representing a year-on-year increase of 44.50%[5] - The net profit attributable to shareholders for the same period was ¥72,952,607.12, a significant increase of 2,163.62% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.20, while the diluted earnings per share was ¥0.19, reflecting increases of 242.86% and 228.57% respectively year-on-year[6] - Net profit for the third quarter of 2021 was ¥180,929,971.09, compared to ¥57,991,233.30 in the same quarter of 2020, reflecting a significant increase of approximately 211.5%[28] - The total comprehensive income attributable to the parent company for Q3 2021 was CNY 174,544,652.37, compared to CNY 28,538,033.98 in Q3 2020, showing a significant increase[29] - Basic earnings per share for Q3 2021 was CNY 0.48, up from CNY 0.14 in Q3 2020, indicating improved profitability[29] - The company's total comprehensive income for the first three quarters of 2021 was CNY 174,340,235.87, compared to CNY 28,224,396.43 in the same period of 2020, highlighting a strong performance improvement[29] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,873,247,796.83, marking a 16.20% increase from the end of the previous year[6] - The total assets as of the end of the third quarter of 2021 were ¥3,873,247,796.83, compared to ¥3,333,216,417.58 at the end of the third quarter of 2020, showing an increase of approximately 16.2%[24] - Total liabilities for the third quarter of 2021 were ¥1,558,570,440.53, up from ¥947,862,243.43 in the same quarter of 2020, representing an increase of about 64.4%[23] - The company's total equity as of the end of the third quarter of 2021 was ¥2,314,677,356.30, compared to ¥2,385,354,174.15 in the previous year, indicating a decrease of approximately 2.9%[24] Cash Flow - Cash flow from operating activities showed a net outflow of ¥52,023,848.37, a decrease of 76.00% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,504,683,097.98, compared to CNY 1,323,773,342.17 in the same period of 2020, reflecting a growth of approximately 13.7%[33] - Net cash flow from operating activities for the first three quarters of 2021 was CNY 52,023,848.37, down from CNY 216,789,954.19 in the previous year, indicating a decline in operational cash generation[33] - Net cash flow from investing activities for the first three quarters of 2021 was -CNY 231,183,054.41, compared to -CNY 60,818,718.42 in the same period of 2020, showing increased cash outflow for investments[34] - Net cash flow from financing activities for the first three quarters of 2021 was CNY 252,072,540.93, a recovery from -CNY 5,898,268.52 in the previous year, indicating improved financing conditions[34] - The company received CNY 1,368,740,962.68 in cash from borrowings during the first three quarters of 2021, compared to CNY 840,657,632.00 in the same period of 2020, reflecting increased leverage[34] - The company reported a cash inflow of CNY 111,801,218.55 from tax refunds in the first three quarters of 2021, compared to CNY 92,959,239.99 in the previous year, indicating better tax recovery[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,786[13] - The largest shareholder, Zhang Maoyi, holds 147,462,262 shares, representing 37.53% of the total shares[13] - The company has implemented a second employee stock ownership plan, holding 14,863,209 shares, which accounts for 3.57% of the total share capital[16] - As of September 30, 2021, the company has repurchased a total of 4,854,200 shares, representing 1.24% of the total share capital, with a total expenditure of approximately RMB 45 million[19] - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, at a price not exceeding RMB 12.82 per share[18] - The highest transaction price for repurchased shares was RMB 10.376 per share, while the lowest was RMB 8.490 per share[19] - The company has a total of 130 employees participating in the second employee stock ownership plan as of September 30, 2021[17] - The company’s board approved the employee stock ownership plan on July 29, 2020, and the plan's lock-up period is 12 months[15] - The company’s major shareholders include both individual and institutional investors, with significant stakes held by domestic natural persons[13] Operational Metrics - The company reported a significant increase in accounts receivable by 53.61% due to sales growth, leading to higher receivables at the end of the period[10] - The company experienced a 192.56% increase in prepayments, attributed to higher material payments during the reporting period[10] - The company reported a significant increase in accounts receivable, which rose to ¥485,167,135.95 from ¥315,851,306.32, reflecting a growth of about 53.5%[22] - The company’s inventory increased to ¥558,437,821.07 from ¥430,423,052.44, representing a rise of approximately 29.7%[22] - The company's financial expenses for the third quarter of 2021 were ¥18,592,351.64, compared to ¥14,883,955.50 in the same quarter of 2020, indicating an increase of about 25.5%[28] - Research and development expenses for the third quarter of 2021 amounted to ¥42,016,089.63, up from ¥32,697,489.79 in the previous year, marking an increase of about 28.5%[28] - Total operating costs for the first three quarters of 2021 were ¥1,323,014,977.45, up from ¥1,100,983,694.56 in 2020, indicating an increase of about 20.2%[27]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 910,895,086.70, representing a 25.10% increase compared to CNY 728,125,227.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 108,181,780.47, a significant increase of 96.40% from CNY 55,082,042.54 year-on-year[20]. - The net profit after deducting non-recurring gains and losses reached CNY 99,968,037.52, up 155.76% from CNY 39,086,461.01 in the previous year[20]. - The basic earnings per share increased to CNY 0.28, doubling from CNY 0.14 in the same period last year, while diluted earnings per share rose to CNY 0.27, a 92.86% increase[22]. - The weighted average return on net assets improved to 4.62%, an increase of 2.83 percentage points compared to 1.79% in the previous year[22]. - The company achieved a sales revenue of 910 million yuan, an increase of 25.1% compared to the same period in 2020, and a net profit of 108 million yuan, up 96.4% year-on-year[34]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 94.15% to CNY 8,176,207.48, compared to CNY 139,858,571.28 in the same period last year, primarily due to increased raw material inventory and shipping delays[20]. - The total assets of the company at the end of the reporting period were CNY 3,665,855,149.95, reflecting a 9.98% increase from CNY 3,333,216,417.58 at the end of the previous year[21]. - The company's net assets attributable to shareholders decreased by 4.97% to CNY 2,266,659,105.04 from CNY 2,385,142,728.26 at the end of the previous year[21]. - The company's inventory increased by 32.69% year-on-year, reaching approximately ¥571.12 million, influenced by rising raw material prices and shipping delays[45]. - The total current assets as of June 30, 2021, amounted to ¥1,599,023,841.03, an increase from ¥1,344,135,524.15 on December 31, 2020, representing a growth of approximately 18.9%[149]. Operational Developments - The sock business generated approximately 674 million yuan in sales revenue, a year-on-year growth of 27.6%, with a net profit of about 97.5 million yuan, reflecting a 114% increase[35]. - The seamless business reported sales revenue of approximately 237 million yuan, an 18.6% increase year-on-year, and a net profit of about 10.68 million yuan, up 11.5%[35]. - The company plans to expand its seamless production capacity by relocating some weaving machines from Shaoxing to Guizhou and has purchased 50 new seamless knitting machines[36]. - A new company, Guizhou Jiansheng Sportswear Co., Ltd., was established to add 1,000 sock machines, with the first phase of 440 machines expected to be operational in Q3[36]. Environmental Responsibility - The company emphasizes environmental responsibility, with a focus on reducing emissions and adhering to pollution discharge standards[65]. - The company has not experienced any environmental pollution incidents or received administrative penalties during the reporting period[65]. - The company’s wastewater discharge includes pollutants such as ammonia nitrogen and COD, with a total annual discharge limit of 39.96 tons for COD[67]. - The company’s environmental protection measures have been effective, with no exceedances in pollutant discharge limits reported[73]. - The company has established a wastewater treatment facility with a designed capacity of 800 m³/d, compliant with GB4287-2012 standards for textile dyeing and finishing industrial wastewater discharge[94]. Shareholder and Equity Information - The company completed a share buyback amounting to approximately ¥200 million in May 2021, with an additional buyback plan of up to ¥200 million currently in progress[39]. - The company completed the transfer of 14,863,209 shares to the second employee stock ownership plan at a price of 4.00 CNY per share, representing 3.57% of the total share capital[63]. - The company reported a total equity of CNY 2,348,479,737.64 at the end of the reporting period[184]. - The company distributed CNY 140,522,599.00 to shareholders during the reporting period[186]. - The company has a total of 14,863,209 shares held by the second phase employee stock ownership plan, accounting for 3.78%[142]. Risks and Challenges - The company is facing operational risks due to the ongoing impact of COVID-19, particularly in communication with clients and local employee recruitment in Vietnam[52]. - Rising labor costs in Vietnam are expected to equalize with inland China within 3-5 years, prompting the company to invest in automation projects to enhance productivity[51]. - The company is actively mitigating exchange rate risks through hedging strategies and expanding overseas production capacity to diversify risks[50]. Strategic Initiatives - The company has established partnerships with brands such as PUMA, DECATHLON, and UNIQLO, focusing on ODM and OEM services[30]. - The company has a global production base layout, with significant investments in Vietnam to leverage local labor cost advantages and tax policies[32]. - The company is actively optimizing its customer base, adjusting prices due to rising raw material costs, and has begun collaborations with new clients like HM and Li Ning[36].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥910,895,086.70, representing a 25.10% increase compared to ¥728,125,227.84 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥108,181,780.47, a significant increase of 96.40% from ¥55,082,042.54 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥99,968,037.52, which is a 155.76% increase compared to ¥39,086,461.01 in the same period last year[20]. - The basic earnings per share for the first half of 2021 was ¥0.28, doubling from ¥0.14 in the same period last year[21]. - The company achieved a sales revenue of 910 million yuan, an increase of 25.1% compared to the same period in 2020, and a net profit of 108 million yuan, up 96.4% year-on-year[34]. - Revenue increased by 25.10% year-on-year, reaching approximately ¥910.90 million, driven by an increase in customer orders[40]. - Operating costs rose by 14.66% to approximately ¥658.10 million, in line with revenue growth[40]. - R&D expenses grew by 26.10% to approximately ¥26.35 million, reflecting increased investment in research and development[41]. - The total profit for the first half of 2021 was ¥120,791,923.03, a 92.7% increase from ¥62,680,198.51 in the same period of 2020[157]. - The company reported a total comprehensive income of ¥81,401,615.70 for the first half of 2021, compared to ¥53,494,141.99 in the same period of 2020[158]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,665,855,149.95, reflecting a 9.98% increase from ¥3,333,216,417.58 at the end of the previous year[20]. - Total assets reached approximately ¥3.67 billion, with overseas assets accounting for 34.91% of total assets, approximately ¥1.28 billion[46]. - Current liabilities rose to CNY 1,193,595,482.74, compared to CNY 741,656,920.16, indicating an increase of about 61%[149]. - Total liabilities reached CNY 1,399,091,935.07, compared to CNY 947,862,243.43, indicating an increase of around 47%[150]. - The company reported a net loss of CNY 51,044,433.10, an improvement from a loss of CNY 157,502,730.40 in the previous period[154]. - The total current assets amounted to CNY 821,044,919.98, up from CNY 548,516,088.52, reflecting an increase of approximately 49%[153]. Cash Flow - The net cash flow from operating activities decreased significantly by 94.15% to ¥8,176,207.48, down from ¥139,858,571.28 in the previous year[20]. - The net cash flow from operating activities for the first half of 2021 was 8,176,207.48 RMB, a significant decrease of 94.1% compared to 139,858,571.28 RMB in the same period of 2020[163]. - Total cash inflow from operating activities increased to 995,018,492.63 RMB, up 17.0% from 850,494,406.86 RMB year-on-year[163]. - Cash outflow from operating activities rose to 986,842,285.15 RMB, an increase of 38.7% compared to 710,635,835.58 RMB in the previous year[163]. - The net cash flow from investing activities was -179,796,648.84 RMB, worsening from -59,481,948.07 RMB in the first half of 2020[163]. - Cash inflow from financing activities reached 916,436,858.24 RMB, a 94.0% increase from 472,019,204.18 RMB in the same period last year[163]. Inventory and Production - The company increased its raw material inventory by approximately ¥82 million due to rising prices, impacting cash flow[21]. - The company faced delays in shipping finished products due to maritime factors, resulting in an increase in inventory of approximately ¥45 million[21]. - The sock business generated approximately 674 million yuan in sales revenue, a year-on-year growth of 27.6%, with a net profit of about 97.5 million yuan, increasing by 114%[34]. - The seamless business reported sales revenue of approximately 273 million yuan, a growth of 18.6%, and a net profit of about 10.68 million yuan, up 11.5%[34]. - The company is expanding its seamless production capacity in Guizhou, with 50 new seamless knitting machines purchased during the reporting period[36]. Shareholder and Equity Information - The company completed a share buyback amounting to approximately ¥200 million in May 2021, with an additional buyback plan of ¥100 million to ¥200 million currently in progress[38]. - The company repurchased 14,863,209 shares at a price of 4.00 CNY per share, representing 3.57% of the total share capital[62]. - The total number of ordinary shareholders at the end of the reporting period was 10,267[138]. - The top shareholder, Zhang Maoyi, holds 147,462,262 shares, representing 37.53% of the total shares, with 74,290,000 shares pledged[140]. - The company distributed 140,522,599.00 RMB to shareholders, impacting retained earnings negatively[175]. Environmental Compliance - The company has not experienced any environmental pollution incidents or received administrative penalties during the reporting period[64]. - The company adheres to the pollution discharge standards, with no instances of exceeding emission limits reported[73]. - The company is committed to environmental protection, with no environmental pollution accidents reported during the reporting period[64]. - The company has established a wastewater treatment facility with a designed daily processing capacity of 1,000 tons since 2012[85]. - The company has implemented emergency response plans for environmental incidents, ensuring staff are trained in emergency measures[104]. Governance and Compliance - The company is committed to improving its governance structure, as evidenced by recent changes in its board and management personnel[58]. - The company has not experienced any violations of laws or regulations by its directors, supervisors, or senior management[127]. - The company has not issued any non-standard audit opinions in the previous annual report[126]. - The company has committed to preventing any direct or indirect competition with its subsidiaries[125]. - The company has taken measures to manage wastewater, waste gas, noise, and solid waste in accordance with environmental regulations[119].