Financial Performance - Net profit attributable to shareholders rose by 44.57% to CNY 181,778,089.71 for the first nine months of the year[6]. - Operating revenue for the first nine months increased by 28.58% to CNY 1,559,849,452.23 compared to the same period last year[6]. - The net profit after deducting non-recurring gains increased by 49.88% to CNY 168,176,508.37 compared to the same period last year[6]. - Net profit attributable to shareholders increased by 44.57% to RMB 181,778,089.71, driven by higher sales revenue[13]. - Investment income skyrocketed by 3488.96% to RMB 12,085,383.34 due to increased financial products[13]. - Net profit for Q3 2023 was RMB 52.89 million, representing a 43.9% increase compared to RMB 36.75 million in Q3 2022[25]. - The company reported a total profit of RMB 70.68 million for Q3 2023, a 62.9% increase from RMB 43.36 million in Q3 2022[24]. - The total comprehensive income for Q3 2023 was RMB 53.06 million, compared to RMB 36.56 million in Q3 2022[25]. Assets and Liabilities - Total assets increased by 12.61% to CNY 2,594,440,204.54 compared to the end of the previous year[6]. - Total current assets increased to ¥1,595,748,412.61 from ¥1,465,992,489.07, representing an increase of approximately 8.5%[16]. - Total non-current assets reached ¥998,691,791.93, up from ¥837,834,988.30, which is an increase of about 19.2%[17]. - Total liabilities increased to ¥1,007,367,189.61 from ¥845,139,930.73, reflecting a rise of about 19.2%[18]. - Long-term borrowings increased by 291.54% to RMB 135,130,289.87, primarily for the new building project[12]. - Long-term borrowings increased to ¥135,130,289.87 from ¥34,512,624.26, showing a significant rise of about 292.5%[21]. Cash Flow - The net cash flow from operating activities decreased by 26.13% to CNY 186,372,616.78 for the first nine months[6]. - Cash flow from investment activities showed a significant decline of 4244.38% to -RMB 353,382,839.30, attributed to increased purchases of financial products[13]. - The company reported a net cash outflow from investing activities of CNY -353,382,839.36 for the first nine months of 2018, compared to a net inflow of CNY 8,526,786.74 in the previous year[30]. - Cash received from operating activities totaled $1.04 billion, an increase from $814.28 million year-over-year[33]. - Total cash outflow from operating activities was $1.08 billion, compared to $806.71 million in the previous year[33]. Shareholder Information - The total number of shareholders reached 11,892 by the end of the reporting period[10]. - The largest shareholder, Hou Jun Cheng, holds 36.12% of the shares, totaling 72,640,500 shares[10]. Expenses - Sales expenses rose by 36.43% to RMB 606,006,837.78, mainly due to increased advertising and marketing investments[13]. - Research and development expenses for Q3 2023 amounted to RMB 14.64 million, a 57.5% increase from RMB 9.29 million in Q3 2022[24]. Future Plans - The company plans to continue expanding its market presence and product offerings in the upcoming quarters[14]. - The company plans to continue expanding its market presence and invest in new product development[23].

Financial Performance - The company's revenue for the first half of 2018 reached ¥1,041,537,520.45, representing a 24.92% increase compared to ¥833,791,097.99 in the same period last year[19]. - Net profit attributable to shareholders was ¥128,925,429.52, up 44.88% from ¥88,987,695.89 year-on-year[19]. - The net cash flow from operating activities was ¥221,630,728.70, an increase of 42.84% compared to ¥155,163,963.54 in the previous year[20]. - The total assets of the company at the end of the reporting period were ¥2,578,514,095.67, reflecting an 11.92% increase from ¥2,303,827,477.37 at the end of the previous year[20]. - The company's basic earnings per share for the first half of 2018 was ¥0.64, an increase of 8.47% from ¥0.59 in the same period last year[21]. - The company's gross profit increased by 126 million yuan, with a growth rate of 24.17%[38]. - The company reported a total comprehensive income of ¥128,715,982.33, compared to ¥88,857,995.28 in the previous year, indicating a 45% increase[118]. - Operating profit for the first half of 2018 was ¥159,236,742.75, an increase from ¥94,230,595.96, reflecting a growth of 69%[116]. Sales Channels - The online e-commerce channel saw a significant growth of 58.46% compared to the same period last year, contributing to the overall revenue increase[21]. - Revenue from offline channels, including specialty stores, supermarkets, and single-brand stores, reached ¥630 million, marking a 9.60% increase year-on-year[21]. - Online sales revenue reached 412 million yuan, marking a significant increase of 58.46% compared to the previous year, with online channels accounting for 39.59% of total revenue[37][38]. - Offline sales from specialty stores, supermarkets, and single-brand stores generated 630 million yuan, reflecting a growth of 9.60% year-on-year[36]. Market Position - The cosmetics industry in China had a market size of 361.57 billion yuan in 2017, with a compound annual growth rate of 7.4% from 2013 to 2017[30]. - The company holds a 1.0% market share in the domestic cosmetics market as of 2017[30]. - The main brand, Proya, accounted for 89.42% of total revenue, with a year-on-year growth of 27.52%[44]. Cost Management - Management expenses decreased by 16.62% to 83.14 million yuan, resulting in a management expense ratio reduction from 11.96% to 7.98%[38]. - The company's management expenses decreased from 11.96% in the first half of 2017 to 7.98% in the first half of 2018 due to unified management of newly incubated brand projects[57]. Investment and Assets - The company's net assets attributable to shareholders at the end of the reporting period were ¥1,526,364,992.62, a 4.64% increase from ¥1,458,687,546.64 at the end of the previous year[20]. - Accounts receivable increased by 98.34% from the previous period, reaching 11,920,000 yuan, accounting for 0.46% of total assets[60]. - Prepaid accounts increased by 153.28% to 26,899,534.9 yuan, primarily due to advertising expenses for the Tmall flagship store and rent for the YF store[60]. - Inventory rose by 33.64% to 250,691,278.33 yuan, adjusted to meet flexible production demands[60]. - Long-term borrowings increased by 139.27% to 82,579,269 yuan, primarily for the construction of the company's headquarters[61]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a lock-up period extending if the stock price falls below the issue price for 20 consecutive trading days[72]. - The commitments made by major shareholders and executives include a restriction on transferring shares during their tenure and for 6 months post-termination[74]. - The company has reported that all commitments made by shareholders and executives have been adhered to in a timely manner[72]. - The lock-up commitments are designed to stabilize the stock price and maintain investor confidence in the initial months following the IPO[72]. Corporate Governance - The company has experienced changes in its board of directors, with the appointment of new executives during the reporting period[105]. - The report does not indicate any changes in the controlling shareholder or actual controller[103]. - There are no new strategic investments or mergers and acquisitions reported in this period[103]. Compliance and Accounting - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[143]. - The accounting policies are in compliance with the enterprise accounting standards, ensuring accurate financial reporting[145]. - The company recognizes impairment losses for long-term assets when their recoverable amount is lower than their carrying value[182]. Environmental and Social Responsibility - The company has implemented energy-saving measures, including a system that saves over 6,000 cubic meters of natural gas monthly, significantly reducing emissions[93].

Financial Performance - The company achieved a revenue of 1.783 billion yuan in 2017, representing a year-on-year growth of 9.83%[39]. - The net profit attributable to shareholders was 201 million yuan, an increase of 30.70% year-on-year, while the net profit excluding non-recurring gains and losses grew by 38.70%[39]. - The net cash flow from operating activities significantly increased by 151.40% to ¥334,212,090.47 in 2017[20]. - The company's total assets grew by 53.35% to ¥2,303,827,477.37 by the end of 2017[20]. - Basic earnings per share rose to ¥1.30, reflecting a 27.45% increase from the previous year[21]. - The company's total operating revenue for 2017 was approximately ¥1.78 billion, representing a year-on-year increase of 9.83%[58]. - Operating costs increased by 10.48% to approximately ¥682.28 million, reflecting the rise in sales[58]. - The company's net profit increased by 72.92% to ¥428,863,545.82, compared to ¥248,016,746.99 in the previous period, demonstrating strong profitability growth[72]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.1 RMB per 10 shares, totaling 62 million RMB (including tax) to shareholders[5]. - In 2017, the company distributed cash dividends amounting to 62 million yuan, representing 30.88% of the net profit attributable to ordinary shareholders[123]. - The company has a cash dividend policy that prioritizes cash distributions, with a minimum of 20% of the distributable profit to be distributed annually[121]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has a comprehensive governance structure with all board members present at the board meeting[8]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a lock-up period extending to November 14, 2020[125]. - The company has established a clear timeline for the commitments, with specific dates for the lock-up period and conditions for extension[125]. - The company has outlined specific conditions under which the lock-up period may be extended, reflecting a strategy to maintain investor confidence[126]. - The company has committed to compensating investors for losses caused by false statements or omissions in the prospectus, with a focus on protecting the interests of small and medium investors[131]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6]. - The company has detailed risk factors in the "Discussion and Analysis of Operating Conditions" section of the report[7]. - The company faces competition risks due to numerous domestic brands and the strong market presence of foreign enterprises[114]. - The company acknowledges the risk of underperformance in new single-brand store projects due to intense market competition[117]. Research and Development - The company developed over 200 new products in 2017, supported by a strong R&D framework and 261 authorized patents[43]. - The company established a "Postdoctoral Research Station" to enhance its research capabilities and was recognized as a "Zhejiang Province Patent Demonstration Enterprise" in 2017[43]. - The company plans to continue its focus on R&D and innovation in product development, particularly in skincare and cosmetics[80]. Market Presence and Sales Channels - The company operates multiple brands in the cosmetics sector, including "Proya" and "Yuzilai," focusing on differentiated brand positioning to meet diverse consumer needs[30]. - Online sales revenue reached 643 million yuan, a significant increase of 31.91% compared to the previous year, with online sales accounting for 36.08% of total sales[41]. - The company's supermarket channel achieved a year-on-year sales growth of 9.72% in 2017, with the main brand Proya receiving the "Best Growth Award" from Yintai Commercial, realizing a retail growth of 23.2% across the Yintai system[50]. Financial Health and Assets - The company's cash and cash equivalents increased to ¥1,094,268,633.21, representing 47.50% of total assets, up from 20.43% in the previous period, a growth of 256.47%[72]. - The company's total liabilities decreased, with short-term borrowings down by 35.72% to ¥283,800,000.00 from ¥441,539,305.92, indicating reduced financial leverage[72]. - The capital reserve increased by 484.43% to ¥781,297,622.55, up from ¥133,684,375.00, due to the issuance of new shares during the IPO[72]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 2,477, with 596 in the parent company and 1,881 in subsidiaries[187]. - The management team includes individuals with extensive experience in the cosmetics and retail sectors, enhancing the company's strategic capabilities[181]. - The company has established a comprehensive performance evaluation system to link employee compensation with performance evaluation[188]. Environmental and Social Responsibility - The company has implemented various environmental protection measures, including a heat recovery system and solar-assisted heating, resulting in a monthly savings of over 6,000 cubic meters of natural gas[155]. - The company has been involved in social responsibility projects, including donations to the United Nations Women’s Agency for gender equality initiatives[152].

Financial Performance - Operating income rose by 10.93% to CNY 503,122,369.42 year-on-year[6] - Net profit attributable to shareholders increased by 31.58% to CNY 67,284,757.34 compared to the same period last year[6] - Net profit attributable to the parent company for the period was CNY 69,920,926.50, reflecting a year-on-year increase of 29.58%[6] - Total revenue for Q1 2018 reached ¥503,122,369.42, an increase of 10.9% compared to ¥453,556,801.89 in the same period last year[23] - Net profit for Q1 2018 was ¥69,920,926.50, representing a 29.5% increase from ¥53,957,865.29 in Q1 2017[24] - The company's operating revenue for Q1 2018 was CNY 361,014,041.72, representing a 11.8% increase from CNY 322,727,113.63 in the same period last year[27] - The total comprehensive income for Q1 2018 was CNY 69,920,926.50, compared to CNY 53,957,865.29 in the previous year[28] Assets and Liabilities - Total assets increased by 4.62% to CNY 2,410,315,183.50 compared to the end of the previous year[6] - Total assets reached RMB 2,410,315,183.50, up from RMB 2,303,827,477.37 at the beginning of the year[17] - The company's total assets as of March 31, 2018, amounted to ¥2,076,568,146.70, compared to ¥1,957,305,985.12 at the beginning of the year, indicating a growth of 6.1%[21] - Total liabilities increased to ¥540,637,383.81 from ¥487,538,938.59, marking an increase of 10.9%[21] Cash Flow - Cash flow from operating activities surged by 45.86% to CNY 146,461,525.87 year-on-year[6] - Net cash flow from operating activities increased by 45.86% to RMB 146,461,525.87, due to higher accrued expenses and lower cash expenses[13] - The net cash flow from operating activities for the first quarter of 2018 was -13,479,837.10 RMB, compared to -68,594,369.22 RMB in the same period last year, indicating an improvement[33] - The cash received from operating activities decreased to 245,652,382.69 RMB from 256,075,199.70 RMB year-over-year, reflecting a decline in sales[33] - The total cash outflow from operating activities was 274,848,475.63 RMB, down from 351,852,296.26 RMB in the previous year, indicating improved cost management[33] Shareholder Information - The total number of shareholders reached 15,583 by the end of the reporting period[9] - The largest shareholder, Hou Jun Cheng, holds 36.32% of the shares, totaling 72,640,500 shares[9] Earnings and Expenses - Basic earnings per share decreased by 2.78% to CNY 0.35 compared to the previous year[6] - The weighted average return on equity decreased by 4.50 percentage points to 4.68%[6] - Operating costs for Q1 2018 were ¥421,400,662.06, up from ¥392,274,989.07, reflecting a year-over-year increase of 7.4%[24] - Sales expenses increased to CNY 61,409,023.50 from CNY 45,629,911.04, reflecting a rise of 34.4% year-over-year[27] - Income tax expenses increased by 35.24% to RMB 14,946,580.24, corresponding to the increase in total profit[13] Other Financial Metrics - The company reported non-recurring gains of CNY 2,636,169.16 for the period[10] - Financial expenses decreased by 74.93% to RMB 1,053,632.64, due to reduced bank borrowings and corresponding lower interest expenses[13] - Long-term borrowings increased by 84.04% to RMB 63,517,980.12, attributed to the financing for the Pulaia Building project[13] - The company reported a significant increase in other payables by 41.46% to RMB 92,739,559.31, due to an increase in customer deposits for the Yuzilai single brand project[13] - The company recorded an investment income of CNY 1,640,301.37, with no prior year comparison available[28]