2023 年第一季度报告 证券代码：603615 证券简称：茶花股份 茶花现代家居用品股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 167,014,246.60 | 1.30 | | 归属于上市公司股东的净利润 | 2,019,924.98 | 不适用 | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 1,213,532.52 | 不适用 | | 经营活动产生的现金流量净额 | 27,623,860.58 | -22.98 | | 基本每股收益（元/股） | 0.0084 | 不适用 | | 稀释每股收益（元/股） | 0.0084 | 不适用 | 1 / 14 2023 年第一季度报告 | 加权平均净资产收益率(%) | | 0. 17 | 增加 0. 27 个百分点 | | ...

Financial Performance - In 2022, Chahua Co., Ltd. reported a net profit attributable to shareholders of -18,781,303.86 CNY, compared to -20,455,463.48 CNY in 2021, indicating an improvement of 8.2% year-over-year[6]. - The company's total revenue for 2022 was 675,914,444.43 CNY, a decrease of 15.38% from 798,787,754.62 CNY in 2021[27]. - The net profit attributable to shareholders was -18.78 million yuan, reflecting ongoing challenges in the market[38]. - The company's net assets attributable to shareholders decreased by 1.46% year-on-year, totaling 1.205 billion yuan[38]. - The operating cash flow for 2022 was 129,275,358.42 CNY, showing a significant decline compared to previous periods[27]. - Gross profit for the period was 138,359,501.25 RMB, down 19.84% from 172,605,429.10 RMB year-on-year, resulting in a gross margin of 20.47%, a decline of 1.14 percentage points[48]. - The company reported a net loss attributable to shareholders of -18,781,303.86 CNY and a net loss of -15,246,160.50 CNY for the parent company[152]. - The company did not propose a cash dividend for 2022 due to the annual loss, which does not meet the conditions for profit distribution[152]. Assets and Liabilities - The net assets attributable to shareholders at the end of 2022 were 1,205,499,419.63 CNY, down 1.46% from 1,223,333,965.99 CNY at the end of 2021[28]. - The total assets decreased by 1.79% to 1,370,508,034.79 CNY in 2022 from 1,395,532,531.01 CNY in 2021[28]. - The company's total liabilities decreased by 28.06% compared to the previous year, reflecting improved financial health[59]. - The total amount of accounts receivable was 116,458,627.83, a decrease of 4.92% from 122,481,409.69 in the previous year[68]. - The company's cash and cash equivalents increased to 399,264,855.22, representing 29.13% of total assets, up from 20.39% in the previous year[68]. Operational Efficiency - The company plans to shift to direct management of certain supermarket distributors starting in 2023 to improve operational efficiency[38]. - The company optimized its inventory structure, reducing excess inventory by over 50 million yuan[38]. - The company achieved a total of 2 invention patents and 20 design patents during the reporting period, enhancing its innovation capabilities[81]. - The company optimized its production layout and upgraded technology on certain production lines to enhance efficiency[88]. - The company will optimize its APS production scheduling system to improve production efficiency and reduce inventory risks, ensuring timely order fulfillment[107]. Market Strategy and Sales - The company opened 46 new flagship stores, enhancing its marketing channel strategy[38]. - The sales model includes a mix of provincial and regional distributors, direct sales to major supermarkets, and e-commerce platforms, ensuring nationwide coverage[44]. - The company is actively exploring new sales models, including live-streaming e-commerce, to enhance market penetration and brand visibility[45]. - The company aims for a revenue target of 820 million yuan in 2023, representing a growth of over 20% year-on-year[105]. - The company plans to enhance its product line by focusing on kitchen baking and cooking products, responding to new consumer demands[105]. Research and Development - Continuous R&D investment has led to the development of new products, including the award-winning Ouboz MINI lipstick cup, enhancing the company's competitive edge[39]. - The company has established a comprehensive R&D system focused on user experience, enhancing market responsiveness and product development efficiency[46]. - Research and development investments increased by 30%, totaling $15 million, to enhance product innovation[126]. - The company plans to actively explore the application of biodegradable materials such as PLA, PHA, and PBAT in disposable products, aiming to establish a solid technical foundation for future projects related to biodegradable products[107]. Corporate Governance - The company has established a robust corporate governance framework, ensuring effective operation and compliance with relevant laws and regulations[113]. - The company held 4 shareholder meetings in 2022, ensuring transparency and fairness in decision-making processes[115]. - The board of directors consists of 9 members, including 3 independent directors, complying with relevant laws and regulations[116]. - The company emphasizes the protection of minority shareholders' rights and has adopted measures to ensure their participation in decision-making[115]. - The company has implemented a comprehensive investor relations management system to facilitate communication with shareholders[116]. Environmental and Social Responsibility - The company invested CNY 593,100 in environmental protection during the reporting period[165]. - The company has adopted energy-saving measures in production, including upgrading heating methods and equipment to reduce energy consumption[167]. - The company has published its 2022 Social Responsibility Report, highlighting its commitment to sustainability[169]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly in petrochemical products, and plans to mitigate these through supply chain optimization and cost management strategies[110]. - The company received regulatory warnings from the Shanghai Stock Exchange due to improper accounting treatment during the acquisition of Chengdu Chahua in 2020[132]. - The company has maintained a good integrity status, with no significant debts or court judgments against it[188]. Employee Management - The total number of employees in the parent company is 358, while the main subsidiaries employ 763, resulting in a total of 1,121 employees[147]. - The company has a training system in place to meet talent development needs, utilizing online resources and external trainers[150]. - The company has implemented a stock incentive plan, with adjustments made to the plan as necessary[155].

重要内容提示： 2022 年第三季度报告 证券代码：603615 证券简称：茶花股份 茶花现代家居用品股份有限公司 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。 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、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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 170,853,493.52 | -15.73 | 497,640,241.24 | -16.96 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥326,786,747.72, a decrease of 17.59% compared to ¥396,549,293.83 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥8,125,339.94, compared to a profit of ¥7,185,764.42 in the previous year, indicating a significant decline[18]. - Basic earnings per share for the reporting period were -¥0.03, compared to ¥0.03 in the same period last year[19]. - The weighted average return on net assets was -0.67%, a decrease of 1.23 percentage points from 0.56% in the previous year[19]. - The company reported a total non-recurring profit of ¥1,041,639.75 after tax adjustments[22]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2022, representing a year-over-year growth of 25%[56]. - The net profit attributable to shareholders was a loss of CNY 35,427,000.00, indicating a decline in profitability[124]. - The total comprehensive income for the current period is reported at approximately CNY -8.13 million, compared to CNY 792,000 in the previous year[121]. Cash Flow and Assets - The net cash flow from operating activities was ¥81,518,982.74, a positive turnaround from -¥32,760,848.90 in the same period last year[18]. - The company's cash and cash equivalents increased to ¥342,823,369.09, representing 25.33% of total assets, up from 20.39% last year, a growth of 20.46%[37]. - Accounts receivable rose to ¥124,405,313.90, accounting for 9.19% of total assets, compared to 8.78% last year, an increase of 1.57%[37]. - Inventory decreased significantly by 29.42% to ¥168,767,238.95, which now represents 12.47% of total assets, down from 17.14% last year[37]. - The company's total assets at the end of the reporting period were ¥1,353,547,310.48, down 3.01% from ¥1,395,532,531.01 at the end of the previous year[18]. - The total liabilities decreased to CNY 66,727,061.51 from CNY 78,413,842.23, indicating a reduction of 15%[103]. - The company's cash and cash equivalents increased to CNY 255,879,214.31 from CNY 190,246,606.32, representing a growth of 34.4%[102]. Market and Product Development - The company has developed a product line consisting of over 1,000 items, focusing on daily plastic household products[23]. - The sales model primarily relies on distributors, with a focus on provincial and regional distributors to enhance market penetration[25]. - The company is planning a non-public issuance of A-shares to invest in a biodegradable plastic production base with an annual capacity of 35,000 tons[32]. - The company is focusing on upgrading online brand marketing to adapt to the shift in consumer behavior towards e-commerce[32]. - Market expansion plans include entering three new provinces, aiming for a 10% market share in these regions by the end of 2023[56]. - The company plans to focus on expanding its market presence and developing new products in the upcoming quarters[126]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly in petrochemical products like PP, which are influenced by unpredictable oil price changes[44]. - The ongoing COVID-19 pandemic poses risks to production and operations, potentially impacting short-term financial performance if restrictions are reimposed[46]. - The competitive landscape in the daily plastic products industry is intense, necessitating continuous product development and cost management to enhance market competitiveness[45]. Corporate Governance and Management Changes - The company held 2 shareholder meetings during the reporting period, with all proposed resolutions approved[51]. - Changes in senior management included the resignation of Chen Youmei as director and deputy general manager, and the appointment of Wang Shurong as financial vice president and financial officer[52]. - Lu Hui resigned from his positions as director and general manager on August 8, 2022, and Chen Youmei was appointed as the new general manager on August 12, 2022[53]. Environmental Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[60]. - The company adheres to strict environmental regulations and has implemented measures to manage pollution sources effectively[60]. - The company has maintained compliance with national environmental protection laws and regulations throughout the reporting period[61]. Shareholder Information - The actual controllers hold a combined 91.74% of the company's shares, with intentions to maintain long-term holdings and not reduce their stakes within three years post-IPO[65]. - The company plans to distribute at least 20% of its distributable profits in cash dividends annually, as per the three-year dividend plan approved in 2021[67]. - The total number of shares decreased from 243,140,000 to 241,820,000 due to the repurchase and cancellation of 1,320,000 restricted shares[83]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of continuous operation, adhering to relevant accounting standards[133]. - The company applies important accounting estimates, including expected credit losses on receivables and inventory impairment assessments[135]. - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract, using the effective interest method for amortized cost calculations[161].

Financial Performance - The company's operating revenue for Q1 2022 was ¥164,878,274.80, representing a decrease of 23.36% compared to the same period last year[5] - The net profit attributable to shareholders was -¥1,271,065.38, indicating a significant loss[5] - The basic earnings per share for the period was -¥0.0052, primarily due to a decline in sales volume and operating revenue[6] - In Q1 2022, the company's net profit was -1,293,216.06 RMB, a significant decrease compared to a net profit of 7,820,844.76 RMB in Q1 2021, representing a decline of approximately 116.5%[20] - Operating profit for Q1 2022 was -1,787,127.82 RMB, compared to an operating profit of 10,868,060.75 RMB in Q1 2021, indicating a decline of around 116.4%[20] - The total comprehensive income for Q1 2022 was -1,293,216.06 RMB, compared to 7,820,844.76 RMB in Q1 2021, reflecting a decrease of approximately 116.5%[21] - The company reported a net profit margin decline due to increased costs, impacting overall profitability[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,364,792,830.37, down 2.20% from the end of the previous year[6] - Current assets as of March 31, 2022, totaled RMB 648,756,874.25, a decrease from RMB 667,900,153.39 at the end of 2021[16] - Total assets amounted to RMB 1,364,792,830.37 as of March 31, 2022, compared to RMB 1,395,532,531.01 at the end of 2021[18] - Total liabilities decreased to RMB 141,247,324.92 from RMB 170,693,809.50 at the end of 2021[18] - The company's cash and cash equivalents increased to RMB 289,972,761.25 from RMB 284,590,706.48 at the end of 2021[16] - Inventory decreased to RMB 205,133,567.48 from RMB 239,128,458.42 at the end of 2021[16] - Long-term equity investments were RMB 2,087,904.09, slightly down from RMB 2,103,809.07 at the end of 2021[16] Cash Flow - The net cash flow from operating activities was ¥35,865,660.50, with no comparative data provided[5] - The net cash flow from operating activities in Q1 2022 was 35,865,660.50 RMB, a turnaround from a negative cash flow of -7,719,129.33 RMB in Q1 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,530[12] - The top shareholder, Chen Guanyu, held 25.11% of the shares, amounting to 61,062,111 shares[13] Costs and Expenses - Total operating costs for Q1 2022 were RMB 166,292,231.08, down from RMB 202,520,881.62 in Q1 2021[19] - The company experienced a 236.42% increase in asset impairment losses, primarily due to increased inventory write-downs[10] - The company reported a significant increase in tax expenses, with a tax expense of -438,281.71 RMB in Q1 2022 compared to 2,643,271.03 RMB in Q1 2021, indicating a change in tax liability[20] - The company incurred a financial expense of -1,694,604.52 RMB in Q1 2022, an improvement from -2,721,526.04 RMB in Q1 2021[20] - The company reported a decrease in research and development expenses to 2,259,842.12 RMB in Q1 2022 from 2,631,182.07 RMB in Q1 2021, a reduction of about 14.1%[20] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[19]

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of CNY 40,679,550.90, a decrease of 40.90% compared to CNY 68,836,354.95 in 2019[5]. - The company's operating revenue for 2020 was CNY 689,892,417.47, reflecting a decline of 12.30% from CNY 786,665,000.92 in the previous year[22]. - The basic earnings per share decreased by 39.29% to CNY 0.17 in 2020, down from CNY 0.28 in 2019[24]. - The total assets of the company at the end of 2020 were CNY 1,470,600,963.82, a decrease of 5.74% from CNY 1,560,150,282.55 at the end of 2019[22]. - The cash flow from operating activities for 2020 was CNY 1,712,356.67, a significant decline of 98.77% compared to CNY 139,744,659.70 in 2019[22]. - The company's net assets attributable to shareholders decreased by 6.85% to CNY 1,282,924,769.48 at the end of 2020[22]. - The company reported a decrease in the weighted average return on equity to 3.10%, down from 5.09% in the previous year[24]. - The company achieved operating revenue of ¥689,892,417.47, a decrease of 12.30% compared to ¥786,665,000.92 in the previous year[45]. - Gross profit for the period was ¥195,773,003.03, down 14.59% from ¥229,211,354.52 year-on-year, resulting in a gross margin of 28.38%, a decline of 0.76 percentage points[45]. - Operating costs decreased by 11.36% to ¥494,119,414.44 from ¥557,453,646.40 in the previous year[47]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares to all shareholders, totaling CNY 137,044,218.97 available for distribution[5]. - The proposed cash dividend for 2020 is 1.50 CNY per 10 shares (including tax), with a total distributable profit of 137,044,218.97 CNY at year-end[107]. - The cash dividend distribution plan for 2020 has been approved by the board and will be submitted for shareholder approval[107]. - The company has maintained a clear cash dividend policy in accordance with regulations, ensuring the protection of minority investors' rights[106]. - The company commits to distributing at least 20% of the annual distributable profits in cash to shareholders, as per the three-year dividend plan approved in 2017[120]. Market and Sales Strategy - The company maintained a consistent focus on the research, development, and sales of daily plastic products, with over 1,000 product variants in its portfolio[31]. - The sales model includes a mix of provincial and local distributors, with a focus on exclusive sales agreements to enhance market penetration[32]. - The company has established direct sales channels with major supermarkets like Walmart and Yonghui, facilitating unified distribution management[33]. - The e-commerce strategy involves selling products through major platforms such as Tmall, Taobao, and JD.com, enhancing online market presence[33]. - Revenue from direct supermarkets increased by 46.38%, while revenue from distributors decreased by 31.43%[87]. - The company actively explored new sales models, including live streaming and community group buying, to adapt to changing consumer behaviors[41]. Research and Development - The company invested 10.21 million yuan in R&D, accounting for 1.48% of operating revenue[42]. - The company has focused its R&D spending on developing new products, with significant expenditures on personnel, equipment depreciation, and materials[60]. - The company has established a comprehensive R&D system and emphasizes user experience in product design, ensuring alignment with consumer needs[75]. - The company launched antibacterial products certified by both the China Antibacterial Association and the International Antibacterial Council[42]. - The company is committed to developing biodegradable products using materials like PLA and PBAT, aiming for significant production capacity in 2021[99]. Operational Challenges - The company faced challenges due to the pandemic, which impacted sales and led to a decrease in net profit[24]. - The production volume of plastic products was 30,596.75 tons, a decrease of 5.68%, while sales volume dropped by 11.57% to 28,401.59 tons[52]. - The company recognizes the risk of raw material price fluctuations and plans to optimize its supply chain to mitigate these challenges[102]. Corporate Governance and Management - The company has established a strong governance structure with independent directors to ensure compliance and strategic oversight[180]. - The management team includes individuals with extensive experience in various sectors, enhancing strategic decision-making capabilities[187]. - The company has a structured compensation system based on job complexity and internal assessment criteria[186]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[198]. - The company has implemented a long-term mechanism to prevent actual controllers from infringing on the company's interests[197]. Social Responsibility - The company donated RMB 50,000 to support impoverished college students in Gansu Province[144]. - A total of 158 registered impoverished individuals were helped to escape poverty in 2020[145]. - The company invested RMB 50,000 in educational support for impoverished students[146]. - The company plans to continue implementing the "13th Five-Year Plan" for poverty alleviation and will carefully select projects to ensure efficient use of resources[147]. - The company strictly adheres to environmental protection laws and has not faced any administrative penalties for violations[150].

Financial Performance - In 2021, the company reported a total revenue of ¥798,787,754.62, representing a year-on-year increase of 15.78% compared to ¥689,892,417.47 in 2020[21]. - The net profit attributable to shareholders was a loss of ¥20,455,463.48 in 2021, a significant decline from a profit of ¥40,679,550.90 in 2020[21]. - The company's cash flow from operating activities was negative at ¥-7,448,299.96, compared to a positive cash flow of ¥1,712,356.67 in the previous year[21]. - The total assets decreased by 5.10% to ¥1,395,532,531.01 at the end of 2021, down from ¥1,470,600,963.82 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥-0.08, a decrease from ¥0.17 in 2020[22]. - The weighted average return on equity dropped to -1.63% in 2021, down from 3.10% in 2020, reflecting a decrease of 4.73 percentage points[22]. - The gross profit for the period was CNY 172,605,429.10, down 11.83% from CNY 195,773,003.03 year-on-year, resulting in a gross margin of 21.61%, a decrease of 6.77 percentage points from 28.38%[42]. - The company's operating costs rose to CNY 626,182,325.52, a 26.73% increase from CNY 494,119,414.44, primarily due to rising raw material prices[45]. - Sales expenses increased by 64.37% to CNY 114,879,427.28, attributed to the expansion of the marketing team and increased e-commerce expenses[43]. Assets and Liabilities - The company's net assets attributable to shareholders decreased by 4.64% to ¥1,223,333,965.99 at the end of 2021[21]. - Cash and cash equivalents decreased by 34.20% to ¥284.59 million, primarily due to payments for project costs and cash dividends[61]. - Accounts receivable increased by 7.73% to ¥122.48 million, indicating improved collection efficiency[61]. - Inventory rose by 13.68% to ¥239.13 million, reflecting increased production and stock levels[61]. - Long-term equity investments surged by 69.14% to ¥2.10 million, attributed to increased investment income recognized under the equity method[61]. - Contract liabilities grew by 33.01% to ¥12.02 million, indicating an increase in advance payments for signed contracts[62]. - The company reported a 39.42% decrease in accounts payable to ¥50.36 million, primarily due to reduced project payments[62]. Market and Product Development - The company acquired 100% equity of Wuhan Chahua and established a regional sales team to enhance market control[31]. - The company formed a partnership with Yonghui Supermarket to build a Chahua brand store in Yonghui's warehouse supermarkets[31]. - The company is focusing on expanding its online brand marketing and optimizing its marketing channels[31]. - The company has developed new product lines, including coffee cups and thermos flasks, and received dual certifications for its antibacterial product series[32]. - The company is actively exploring new sales models, including live streaming and community group buying, to enhance its e-commerce presence[38]. - E-commerce sales increased by 18.88%, while direct supermarket sales surged by 62.89% compared to the previous year[84]. Research and Development - R&D investment for the year reached CNY 10.1089 million, accounting for 1.27% of revenue, focusing on new product development in water and household cleaning categories[32]. - The company has established a strong R&D team and a complete feedback loop for product development, enhancing its market responsiveness[39]. - The company holds 1 utility model patent and 18 design patents, showcasing its commitment to innovation and product development[75]. Governance and Management - The company has established a robust corporate governance structure, including rules for shareholder meetings and board operations, ensuring effective decision-making and compliance with legal requirements[104]. - The board of directors consists of nine members, including three independent directors, and has established various committees to enhance governance effectiveness[107]. - The company has a dedicated investor relations program to maintain communication with shareholders and stakeholders, ensuring their rights are protected[108]. - The company held three shareholder meetings during the reporting period, all of which were conducted in compliance with legal regulations[109]. - The company has implemented measures to ensure independence from its actual controllers, maintaining a clear separation in operations and decision-making[108]. Strategic Initiatives - The company plans to invest CNY 35 million in a biodegradable plastic production base, responding to increasing market demand for eco-friendly products[33]. - The company aims to achieve a sales target of 960 million yuan in 2022, focusing on improving governance and decision-making mechanisms[95]. - The company plans to enhance its product development capabilities by investing in new materials and expanding its product categories, particularly in antibacterial and biodegradable products[96][97]. - The company will implement a "Tea Flower Home Flagship Store" model to enhance offline distribution capabilities and improve product exposure, aiming to establish at least 200 flagship stores in major cities within two years[100]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, primarily PP and other petrochemical commodities, which are influenced by unpredictable international oil prices[101]. - To mitigate raw material price risks, the company plans to optimize procurement methods and improve production organization to lower costs[102]. - The daily plastic products industry is highly competitive, with many domestic manufacturers and low industry concentration, necessitating continuous product development and cost reduction strategies[102]. Employee and Compensation - The total number of employees in the company and its main subsidiaries is 1,365, with 433 in the parent company and 932 in subsidiaries[137]. - The company has a structured salary system that emphasizes fairness internally and competitiveness externally, based on performance and job value[139]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 6,490,318.17[122]. Shareholder Information - The actual controllers of the company hold a combined 91.74% of the shares, with commitments to maintain long-term holdings and not to reduce their stakes within three years post-IPO[160]. - The company does not have a controlling shareholder, as no single shareholder has significant voting power over the board decisions[197]. - The shareholders listed are all natural persons and are related, indicating a family-controlled structure[196].

Financial Performance - In 2021, the company reported a total revenue of ¥798,787,754.62, representing a year-on-year increase of 15.78% compared to ¥689,892,417.47 in 2020[21] - The net profit attributable to shareholders was -¥19,666,904.31 in 2021, a significant decline from a profit of ¥37,049,149.45 in 2020[21] - The basic earnings per share for 2021 was -¥0.08, compared to ¥0.15 in 2020, indicating a substantial drop in profitability[22] - The weighted average return on equity decreased to -1.57% in 2021, down from 2.82% in 2020, reflecting a decline of 4.39 percentage points[22] - Gross profit for the period was ¥172,605,429.10, down 11.83% from ¥195,773,003.03 in the previous year, resulting in a gross margin of 21.61%, a decrease of 6.77 percentage points from 28.38%[42] - Operating costs rose to ¥626,182,325.52, a 26.73% increase from ¥494,119,414.44, primarily due to rising raw material prices[43] - The company reported a net profit attributable to shareholders of -19,666,904.31 CNY for the year 2021, and a net profit of -25,816,045.31 CNY for the parent company[142] Cash Flow and Assets - The company's total assets decreased by 5.06% to ¥1,392,690,688.73 at the end of 2021, down from ¥1,466,970,562.37 in 2020[21] - The cash flow from operating activities was -¥7,448,299.96 in 2021, a stark contrast to a positive cash flow of ¥1,712,356.67 in 2020[21] - The net cash flow from operating activities was -CNY 7,448,299.96, a decrease of CNY 9,160,656.63 compared to CNY 1,712,356.67 in the previous year[59] - Cash and cash equivalents decreased by 34.2% to CNY 284.59 million, primarily due to payments for project costs and cash dividends[61] - Accounts receivable increased by 7.73% to CNY 122.48 million, reflecting improved collection efforts[61] - Inventory rose by 13.68% to CNY 239.13 million, indicating increased production and stock levels[61] Operational Challenges and Strategies - The company faced challenges due to rising raw material prices and increased sales expenses, which contributed to the decline in net profit[22] - The company is actively exploring new development strategies amid complex external environments and rising costs[30] - The company is focusing on expanding online brand marketing and optimizing sales channels[31] - The company is actively exploring new sales models, including live streaming and community group buying, to enhance its e-commerce presence[38] - The company has relocated its production lines to optimize supply chain efficiency and reduce operational costs[32] Research and Development - R&D investment for the year reached CNY 10.1089 million, accounting for 1.27% of revenue, focusing on new product development in water and household cleaning categories[32] - The company has established a comprehensive R&D system and obtained 1 utility model patent and 18 design patents during the reporting period[75] - The company is focused on expanding its product offerings in the water and household cleaning categories, including new products like coffee cups and thermos bottles[75] Market Position and Competition - The company operates in a competitive market for household plastic products, with high-end products primarily dominated by foreign brands, while domestic brands occupy the mid-range market[91] - The mid-range market is expected to grow due to the increasing number of middle-income consumers, requiring strong cost control and brand recognition from manufacturers[92] - The company is committed to increasing its market share in the home plastic products industry as urbanization progresses and consumer spending rises[93] Corporate Governance - The company has established a robust corporate governance structure, including rules for shareholder meetings and board operations, ensuring effective decision-making and protection of shareholder rights[104] - The company held three shareholder meetings during the reporting period, all resolutions were passed[109] - The board of directors consists of nine members, including three independent directors, and has established various committees to enhance governance and oversight[107] Shareholder Relations and Remuneration - The total remuneration for all directors and senior management during the reporting period was 649,030 RMB[112] - The company has a clear cash dividend policy, which states that dividends will only be distributed if the company is profitable and has positive retained earnings[143] - The company has implemented an employee stock ownership plan and related incentive measures, with details disclosed in previous announcements[145] Future Outlook - In 2022, the company aims to achieve a sales target of 960 million yuan, focusing on improving governance and decision-making mechanisms[95] - The company plans to raise up to RMB 400 million through a non-public offering of A-shares, with a maximum of 72,942,000 shares to be issued, representing up to 30% of the total share capital prior to the offering[182] - The company anticipates that the business with related parties will see substantial development in the upcoming year[175]

2021 年第三季度报告 证券代码：603615 证券简称：茶花股份 茶花现代家居用品股份有限公司 2021 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个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、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 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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 202,739,170.10 | 12.55 | 599,288,463.93 | 27 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥396.55 million, representing a 36.71% increase compared to ¥290.06 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥7.34 million, a decrease of 61.09% from ¥18.87 million in the previous year[19]. - The basic earnings per share decreased by 62.50%, from ¥0.08 to ¥0.03, primarily due to rising raw material costs and increased sales expenses[19]. - The net cash flow from operating activities was negative at approximately -¥32.76 million, compared to a positive cash flow of ¥11.33 million in the same period last year[19]. - The total assets at the end of the reporting period were approximately ¥1.40 billion, down 4.64% from ¥1.47 billion at the end of the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥5.60 million, down 67.14% from ¥17.03 million in the same period last year[19]. - The company's operating revenue for the first half of 2021 reached CNY 396.55 million, representing a year-on-year increase of 36.71%[34]. - The net profit attributable to shareholders was CNY 7.34 million, a decline of 61.09% compared to the previous year[32]. - The total profit for the first half of 2021 was CNY 9,098,340.71, down from CNY 24,881,086.34 in the first half of 2020, a decrease of approximately 63.4%[105]. - The total comprehensive income for the first half of 2021 was CNY 7,053,912.90, down from CNY 18,871,836.71 in the same period of 2020[103]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 1.40 billion, down 4.64% year-on-year[32]. - The company's cash and cash equivalents decreased by 33.38% from the previous year, totaling ¥288,137,536.01, which represents 20.57% of total assets[36]. - Inventory increased by 21.61% year-on-year, reaching ¥255,805,221.55, accounting for 18.27% of total assets[36]. - The total liabilities of the company were ¥144,600,766.48, down from ¥185,401,937.78, representing a decrease of approximately 22.0%[94]. - The company's current assets totaled ¥693,355,600.79, down from ¥779,782,220.08 at the end of 2020, indicating a decline of approximately 11.06%[93]. - The total equity at the end of the reporting period was approximately ¥1,254.36 million, which includes various components such as capital reserves and undistributed profits[117]. Research and Development - R&D expenses increased by 8.25% to CNY 5.26 million, driven by higher employee compensation and material consumption related to R&D[35]. - The company has established a strong R&D team and a comprehensive quality control system, being one of the early adopters of ISO9001 certification in the industry[29]. - The company's research and development expenses for the first half of 2021 were CNY 5,260,059.69, compared to ¥4,859,098.18 in the same period of 2020, an increase of 8.2%[101]. Sales and Marketing - The company focuses on the research, production, and sales of daily plastic products, with over 1,000 SKUs in its product line[24]. - The sales model includes provincial and regional distributors, direct sales to large supermarkets, and e-commerce platforms[25]. - The company has a strong marketing channel advantage, covering all provinces and major supermarket systems in China[28]. - The "Tea Flower Home Living Museum" model enhances brand visibility and facilitates quicker product launches[28]. - The company is actively exploring new sales models, including live streaming and community group buying[28]. - The company is actively expanding its e-commerce channels, achieving significant growth in sales across major platforms like Tmall, JD.com, and Pinduoduo[33]. Operational Risks and Management - The company did not report any significant operational risks that could materially affect its production and operations during the reporting period[7]. - The company faces risks from raw material price fluctuations, particularly in petrochemical products like PP, which are influenced by unpredictable oil prices[42]. - To mitigate raw material cost risks, the company plans to optimize supply chain management and improve product design to enhance value[42]. - Product quality is a critical concern, especially for food container products, and the company has implemented a comprehensive quality management system[43]. Shareholder and Equity Information - The company commits to distributing at least 20% of the annual distributable profits to shareholders in cash, as per the plan approved in the 2017 annual general meeting[64]. - The actual controllers and major shareholders hold a combined 91.74% of the company's shares, with intentions to maintain long-term holdings[62]. - The company has committed to not reducing shareholdings for three years post-IPO and to limit any reductions thereafter to 20% of their holdings per year[63]. - The total number of shares decreased from 244,550,000 to 243,140,000 after the cancellation of 1.41 million restricted shares[78]. - The top shareholder, Chen Guanyu, holds 61,062,111 shares, accounting for 24.97% of total shares[81]. Environmental Compliance - The company has complied with environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[57]. - The company and its subsidiaries produce plastic products using physical processing methods, resulting in minimal pollution[57]. - The company has established strict environmental operational standards and measures to manage pollution sources[57]. Accounting Policies and Financial Reporting - The company’s accounting policies are based on the actual transactions and events, adhering to the relevant accounting standards[130]. - The company recognizes deferred tax assets and liabilities based on current tax regulations, considering the potential need for adjustments due to uncertainties in tax treatments[135]. - The company applies a consolidated financial statement preparation method, including all subsidiaries under its control in the consolidated financial statements[144]. - The company recognizes impairment losses or gains in the current profit or loss based on changes in credit loss provisions[171].