证券代码：603630 证券简称：拉芳家化 公告编号：2023 - 015 拉芳家化股份有限公司 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： 拉芳家化股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日披露了 2022 年年度 报告及现金分红等相关事项的公告。为了便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况及现金分红情况，在上海证券交易所的支持下，公司拟于 2023 年 5 月 23 日下午 16:00-17:00 举行 2022 年度业绩说明会，就投资者普遍关心的问题进行交流。现将有 关事项公告如下： 一、业绩说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2022 年度的经营成果、财务状况及现 金分红的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关 注的问题进行回答。 二、说明会召开的时间、地点 会议召开时间：2023 年 5 月 23 日(星期二)下午 16:00-17:00 ...

Financial Performance - The company's revenue for Q3 2022 was ¥228,280,242.07, a decrease of 12.38% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥16,550,897.28, an increase of 72.42% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,934,534.62, up 64.14% compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 was CNY 625,381,595.98, a decrease of 18.4% compared to CNY 766,134,858.49 in the same period of 2021[19] - Net profit for the third quarter of 2022 was CNY 60,787,900.81, an increase of 8.9% compared to CNY 56,275,405.24 in the same quarter of 2021[20] - Earnings per share for the third quarter of 2022 remained stable at CNY 0.27, unchanged from the same period last year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,225,829,119.62, reflecting a growth of 6.58% from the end of the previous year[5] - Total assets as of September 30, 2022, amounted to RMB 2,225,829,119.62, an increase from RMB 2,088,410,519.83 at the end of 2021[15] - Current assets totaled RMB 1,515,130,929.27, slightly up from RMB 1,495,378,596.35 in the previous year[15] - Total liabilities as of September 30, 2022, were RMB 257,568,137.40, compared to RMB 185,568,952.09 in the previous year[16] - The company's total liabilities as of the end of the third quarter of 2022 amounted to CNY 263,911,388.42, an increase from CNY 189,131,311.86 at the end of the same period in 2021[17] Shareholder Information - The company has a total of 19,632 common shareholders as of the report date[11] - Major shareholder Wu Guoqian holds 30.83% of the shares, while Australia Wanda International Limited holds 21.26%[11] Cash Flow - The cash flow from operating activities for the year-to-date was ¥141,279,963.56[4] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 810,048,962.07, a decrease of 6.6% from CNY 867,660,618.08 in the same period of 2021[23] - The net cash flow from operating activities for Q3 2022 was $141,279,963.56, a significant improvement compared to a negative cash flow of $33,278,784.71 in Q3 2021[24] - The total cash outflow from operating activities amounted to $668,768,998.51, down from $900,939,402.79 in the same period last year, indicating a reduction of approximately 25.7%[24] - The company reported a cash and cash equivalents balance of $964,814,106.69 at the end of Q3 2022, down from $1,108,234,571.69 at the beginning of the quarter[25] Expenses - Total operating costs for the first three quarters of 2022 were CNY 601,740,072.86, down 22.1% from CNY 772,930,499.93 in the previous year[19] - The company reported a decrease in sales expenses to CNY 200,535,374.17, down 38.8% from CNY 327,979,134.34 in the same period of 2021[20] - Research and development expenses for the third quarter of 2022 were CNY 24,307,730.25, slightly down from CNY 25,516,139.81 in the previous year[20] Investment and Income - The company recorded an investment income of CNY 3,653,604.38, a significant decrease from CNY 17,869,920.65 in the same period of 2021[20] - The cash inflow from investment income was $881,155.65, down from $1,837,514.89 in the previous year, representing a decline of about 52.1%[24] - The company experienced a 401.90% increase in other income year-to-date, attributed to an increase in government subsidies related to normal business activities[8]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 397,101,353.91, a decrease of 21.46% compared to CNY 505,592,414.05 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 45,593,505.43, down 13.47% from CNY 52,692,593.94 year-on-year[17]. - The basic earnings per share decreased by 13.04% to CNY 0.20 compared to the same period last year[18]. - The company reported a significant turnaround in net profit excluding non-recurring gains and losses, achieving CNY 288,304.45 compared to a loss of CNY 5,653,591.52 in the same period last year[17]. - The company reported a net profit of -6,308,897.74 RMB for the first half of 2022, compared to a net profit of 6,418,878.39 RMB in the same period of 2021, indicating a significant decline[149]. - The company reported a total operating profit of -4,287,398.65 RMB, a decline from an operating profit of 2,371,313.72 RMB in the first half of 2021[149]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 9,161,460.03, an improvement of 89.41% compared to negative CNY 86,495,193.76 in the previous year[17]. - The company's cash and cash equivalents decreased to ¥900,464,780.95 from ¥1,108,620,161.87, a decline of approximately 18.8%[137]. - Total current assets amounted to ¥1,481,533,151.15, slightly down from ¥1,495,378,596.35, indicating a decrease of about 0.9%[137]. - The company’s cash and cash equivalents at the end of the period were 900,128,486.53 RMB, down from 1,108,234,571.69 RMB at the beginning of the period, indicating a cash decrease of approximately 19%[153]. - The total assets rose by 1.06% to CNY 2,110,581,090.08 compared to CNY 2,088,410,519.83 at the end of the previous year[17]. - Total liabilities decreased to ¥164,304,482.55 from ¥189,131,311.86, a reduction of about 13%[139]. Revenue Breakdown - The revenue from the "Lafang" and "Yujie" brands accounted for 74.40% of total revenue, generating CNY 295.46 million[33]. - The revenue from the imported brand "Ruiboxi" increased by 29.23% to CNY 23.40 million[33]. - The integrated brand "VNK" experienced a revenue decline of 46.57%, generating CNY 22.34 million[33]. - The company launched new products including a dandruff shampoo under the "Yujie" brand and a series of anti-hair loss products under the "Meiduosi" brand[35]. Operational Efficiency - Operating costs decreased by 12.36%, amounting to ¥206,487,542.50, reflecting the decline in sales scale due to market fluctuations and the pandemic[47]. - Sales expenses were reduced by 37.01%, totaling ¥144,180,115.11, primarily due to decreased promotional and e-commerce platform costs[47]. - The company optimized its e-commerce channels, leading to significant sales growth for the "雨洁" anti-dandruff series on JD.com[40]. Investments and Projects - The company approved the use of RMB 418.74 million for the construction of the Shantou production base project, with RMB 61.40 million already invested as of December 31, 2021[107][110]. - The company plans to invest RMB 99.91 million in the intelligent transformation project and RMB 98.76 million in the personal care product production center[109]. - The company has established the Zhuhai Lafang Pin Guan Huaxi Investment Fund, with a total investment of CNY 82.157 million across 8 projects, focusing on beauty industry service providers and quality cosmetic brands[74]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[6]. - The prices of raw materials have significantly increased due to the pandemic and fluctuations in oil and palm oil prices, which may adversely affect the company's profitability if the cost increases exceed its absorption capacity[72]. - The company is facing risks related to the slow progress of certain fundraising projects due to implementation difficulties and market environment changes, and it will focus on feasibility analysis and market monitoring to ensure proper use of raised funds[73]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no false records or misleading statements[6]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[5]. - The company has established measures to protect its brand image and prevent infringement, including regular monitoring and cooperation with authorities[70]. Environmental Responsibility - The company has a wastewater treatment capacity of 200 tons per day, utilizing a comprehensive treatment process to reduce COD and other pollutants[84]. - The company has transitioned its steam boiler fuel from light oil to natural gas, significantly reducing emissions and pollution risks[84]. - The company has received all necessary environmental approvals for its projects and passed environmental protection acceptance inspections[85]. Shareholder Information - The total number of ordinary shareholders is 19,844[129]. - The top shareholder, Wu Guoqian, holds 30.68% of the shares, totaling 69,503,831 shares[131]. - The company completed the cancellation of 49,000 shares of repurchased restricted stock on March 10, 2022[79].

Financial Performance - The company's revenue for Q1 2022 was ¥200,575,406.42, representing a decrease of 18.14% compared to the same period last year[6] - The net profit attributable to shareholders was a loss of ¥2,556,724.71, a decline of 115.26% year-over-year[6] - The net profit after deducting non-recurring gains and losses was a loss of ¥2,789,625.33, down 117.10% from the previous year[7] - The company's operating profit for Q1 2022 was -¥4,060,728.24, a stark contrast to the operating profit of ¥20,263,887.25 in Q1 2021[22] - Net profit for Q1 2022 was a loss of ¥3,903,292.36, compared to a profit of ¥16,543,144.96 in Q1 2021, representing a significant decline[22] - The total comprehensive income for Q1 2022 was a loss of CNY 380,711.93, compared to a comprehensive income of CNY 16,400,974.78 in Q1 2021[29] Cash Flow - The net cash flow from operating activities was negative at ¥12,098,504.55, an increase in outflow of 501.63% compared to the previous year[7] - The net cash flow from operating activities for Q1 2022 was a negative CNY 14,296,386.58, compared to a negative CNY 2,186,493.84 in Q1 2021, indicating worsening cash flow[30] - The company's operating cash inflow was CNY 268,615,578.78, a decrease of 15.3% from CNY 317,249,239.69 in Q1 2021[24] - The total cash outflow from investment activities was CNY 152,519,270.30, significantly down from CNY 328,290,271.11 in Q1 2021, reflecting a reduction in investment spending[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,072,152,103.92, a decrease of 0.78% from the end of the previous year[7] - Total current assets as of March 31, 2022, amount to RMB 1,472,522,697.62, a slight decrease from RMB 1,495,378,596.35 at the end of 2021[17] - Total liabilities decreased to ¥177,419,757.84 in Q1 2022 from ¥189,131,311.86 in Q1 2021, reflecting improved financial management[19] - The company's current liabilities decreased to CNY 400,132,058.36 from CNY 404,739,555.30 in the previous year[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,048[11] - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, accounting for 30.68% of total shares[11] - The second largest shareholder, Wanda International (Australia) Ltd., holds 47,938,527 shares, representing 21.16%[11] Research and Development - The company's R&D expenses increased to ¥8,522,750.62 in Q1 2022, up from ¥7,065,452.50 in Q1 2021, indicating a focus on innovation[22] - Research and development expenses increased to CNY 8,522,750.62 in Q1 2022, up 20.7% from CNY 7,065,452.50 in Q1 2021[28] Inventory and Impairment - The company experienced a 94.69% increase in asset impairment losses, primarily due to increased provisions for inventory write-downs[9] - The company's inventory increased slightly to CNY 158,636,947.30 from CNY 155,827,632.45 year-over-year, indicating stable inventory management[26] - The company reported a significant increase in credit impairment losses of ¥2,750,007.47 in Q1 2022, compared to a reversal of -¥1,604,520.63 in Q1 2021[22] Future Plans - The company has announced plans for future capital reduction and share repurchase, with specific details disclosed in various announcements[14] - The company is actively monitoring shareholder relationships and potential actions regarding shareholding structures[13]

Financial Performance - In 2021, the company achieved a revenue of RMB 1,101,002,905.55, representing an increase of 11.91% compared to RMB 983,826,313.19 in 2020[21] - The net profit attributable to shareholders was RMB 69,048,789.02, a decrease of 40.98% from RMB 116,985,353.05 in the previous year[21] - The net cash flow from operating activities was negative at RMB -19,352,475.38, compared to RMB 108,652,782.80 in 2020, indicating a significant decline[21] - The total assets at the end of 2021 were RMB 2,088,410,519.83, a slight increase of 2.37% from RMB 2,040,093,123.91 in 2020[21] - The net assets attributable to shareholders increased by 2.59% to RMB 1,870,539,136.93 from RMB 1,823,383,202.30 in 2020[21] - The company reported a significant decline in net profit from regular operations, with a net profit of RMB 3,414,975.97, down 96.70% from RMB 103,471,817.43 in 2020[21] - The basic earnings per share decreased by 40.38% to 0.31 RMB per share from 0.52 RMB per share in 2020[22] - The weighted average return on equity dropped by 2.87 percentage points to 3.74% from 6.61% in 2020[22] Revenue Sources - The revenue from the "Lafang" and "Yujie" brands accounted for 68.78% of total revenue, generating 757.28 million RMB[28] - The e-commerce and retail channel revenue increased by 51.06% to 335.81 million RMB, representing 30.50% of total revenue[29] - The total retail sales of consumer goods in China reached 4,408.23 billion RMB, growing by 12.5% year-on-year[30] - The cosmetics sales totaled 402.6 billion RMB, with a year-on-year growth of 14%[30] Strategic Focus - The company is focusing on channel strategy adjustments and enhancing brand awareness through e-commerce and new media marketing[28] - The company focuses on the research, production, and sales of personal care, skincare, and makeup products, with brands including "Lafang," "Yujie," and "Meiduosi"[31] - The company is focusing on expanding its e-commerce presence, which has shown significant growth potential[89] - The company aims to accelerate product innovation, focusing on high-end functional products, and plans to enter the color cosmetics and skincare categories to meet diverse consumer needs[107] Brand Development - The "T8" brand targets Gen Z women aged 18-24, providing professional personal care experiences at home, and has launched new products such as steam hair masks and body scrubs[35][44] - The "VNK" brand introduced a new "non-transfer lip glaze" series, which received positive feedback from influencers and users, establishing a strong foundation for future product promotions[45] - The company has signed a new brand ambassador for Yujie, aiming to attract a younger audience and enhance brand loyalty[41] Market Position and Competition - The company occupies a significant market share in the domestic personal care products market, reflecting its competitive position in the industry[78] - The company faces intensified market competition, particularly in the personal care sector, with numerous brands emerging domestically and internationally[113] Research and Development - The company has established a comprehensive R&D system, collaborating with institutions like the Guangzhou Quality Supervision Institute to develop innovative products[47] - The company has a total of 139 authorized patents, including 74 invention patents, and has added 82 new trademarks, enhancing its intellectual property portfolio[48] - Research and development expenses totaled CNY 34.36 million, representing 3.12% of operating revenue[65] Operational Challenges - The company experienced an 87.11% increase in credit impairment losses, primarily due to higher bad debt losses on accounts receivable[52][54] - The production of creams decreased by 53.42%, while sales volume dropped by 56.12%, indicating a need for inventory management[57] - The total sales volume of shower gel decreased by 3.33% to 1,340,364 units, with revenue of approximately CNY 1.41 billion[58] - Shampoo sales volume fell by 15.23% to 1,763,980 units, generating revenue of about CNY 1.92 billion[58] Environmental and Social Responsibility - The company has a wastewater treatment facility with a daily processing capacity of 200 tons, utilizing a comprehensive treatment process to effectively reduce COD levels in wastewater[170] - The company has established a hazardous waste management system, focusing on the principles of harmlessness, reduction, and resource utilization, and has implemented standardized management for hazardous waste collection and storage[172] - The company emphasizes corporate social responsibility, actively participating in energy conservation and pollution prevention initiatives, and has made significant efforts in these areas[176] Governance and Compliance - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[124] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[127] - The company has implemented measures to maintain independence from its controlling shareholders[130] - The company has not reported any significant differences in governance compared to regulatory requirements[130] Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting 1.65 billion yuan[136] - Market expansion plans include entering three new provinces, projected to increase market share by 5%[136] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals[136] - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[140]

Revenue and Profit - Revenue for Q3 2021 was CNY 260,542,444.44, an increase of 4.60% year-over-year, while year-to-date revenue reached CNY 766,134,858.49, up 17.36% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was CNY 9,599,190.68, a decrease of 72.09% year-over-year, with year-to-date net profit at CNY 62,291,784.62, down 24.18%[4] - The net profit excluding non-recurring gains and losses for Q3 2021 was CNY 9,098,828.30, a decline of 73.08% year-over-year, while year-to-date it was CNY 3,445,236.78, down 95.79%[4] - Basic earnings per share for Q3 2021 were CNY 0.04, a decrease of 73.33% compared to the same period last year[5] - Operating profit for the first three quarters of 2021 was ¥54,835,505.14, down 41.7% from ¥94,096,112.96 in the previous year[21] - Net profit for the first three quarters of 2021 was ¥56,275,405.24, a decrease of 29.6% from ¥79,868,669.59 in the same period of 2020[22] - The company's basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.27, down from ¥0.36 in the same period of 2020[22] Expenses and Costs - Sales expenses increased by 76.97% due to higher promotional and e-commerce platform costs during the reporting period[11] - Management expenses rose by 67.99%, primarily due to increased share-based payment expenses and employee compensation[11] - Total operating costs for the first three quarters of 2021 were ¥772,930,499.93, up 38.7% from ¥557,042,410.96 in the previous year[21] - Research and development expenses for the first three quarters of 2021 were ¥25,516,139.81, slightly down from ¥26,727,027.54 in the previous year[21] Assets and Liabilities - Total assets as of the end of Q3 2021 were CNY 2,125,877,860.25, an increase of 4.20% from the end of the previous year[5] - Total current assets as of September 30, 2021, amounted to RMB 1,519,309,259.88, a slight decrease from RMB 1,531,669,711.77 at the end of 2020[18] - Total non-current assets increased to RMB 606,568,600.37 from RMB 508,423,412.14 year-over-year[18] - The company's total liabilities as of the end of the third quarter of 2021 amounted to ¥215,638,895.29, an increase from ¥180,229,784.03 at the end of the previous year[21] - The total equity attributable to shareholders of the parent company was ¥1,876,400,513.82, up from ¥1,823,383,202.30 in the same period of 2020[21] Cash Flow - Cash flow from operating activities for the year-to-date was negative CNY 129,12%, indicating a significant cash outflow[5] - The company reported a net cash inflow from operating activities of ¥846,676,545.94 for the first three quarters of 2021, compared to ¥729,808,487.37 in the same period of 2020[24] - The net cash flow from operating activities was -33,278,784.71, a decrease from 114,269,051.39 in the previous year[25] - Total cash inflow from operating activities amounted to 867,660,618.08, compared to 758,942,639.03 in the same quarter last year, reflecting a year-over-year increase of approximately 14.4%[25] - Cash outflow from operating activities totaled 900,939,402.79, up from 644,673,587.64, indicating a significant increase of about 39.7%[25] - The net cash flow from investing activities was -289,917,192.83, worsening from -188,989,075.96 year-over-year[25] - Cash inflow from investing activities was 511,195,515.88, slightly up from 505,097,951.58 in the previous year[25] - The net cash flow from financing activities was -19,077,124.40, compared to -13,844,509.63 in the same quarter last year[26] - Cash inflow from financing activities totaled 1,960,000.00, a decrease from 21,107,680.00 year-over-year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,591[13] - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, representing 30.66% of total shares, with 21,520,000 shares pledged[14] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 0.51%, a decrease of 1.45 percentage points year-over-year[5] - The company reported a significant increase in investment income by 35.38% from its joint ventures during the quarter[11] - The company reported an increase in investment income to ¥17,869,920.65 for the first three quarters of 2021, compared to ¥13,199,427.59 in the previous year[21] - The company reported a total cash outflow of 342,554,716.86, compared to 88,710,788.90 in the same quarter last year[26]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 505.59 million, representing a 25.23% increase compared to CNY 403.74 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 52.69 million, up 10.30% from CNY 47.77 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses showed a significant decline, reporting a loss of CNY 5.65 million compared to a profit of CNY 47.95 million in the same period last year, marking a decrease of 111.79%[20]. - The net cash flow from operating activities was negative at CNY -86.50 million, a decrease of 234.52% compared to CNY 64.30 million in the previous year[20]. - The basic earnings per share increased by 9.52% to 0.23 RMB per share[22]. - The total comprehensive income for the first half of 2021 was CNY 50.10 million, compared to CNY 45.95 million in the same period of 2020[137]. - The company reported a net loss of CNY 30,975,650.80 during the same period, indicating challenges in profitability[157]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders were CNY 1.86 billion, a 2.14% increase from CNY 1.82 billion at the end of the previous year[21]. - Total assets at the end of the reporting period amounted to CNY 2.08 billion, reflecting a 2.02% increase from CNY 2.04 billion at the end of the previous year[21]. - The total liabilities of the company were CNY 181,758,843.07, a marginal increase from CNY 180,229,784.03, showing a growth of about 0.8%[129]. - The company's total current assets were CNY 1,485,025,757.25, slightly down from CNY 1,531,669,711.77 at the end of 2020, indicating a decrease of about 3.1%[127]. - Non-current assets increased to CNY 596,363,250.36 from CNY 508,423,412.14, reflecting a growth of approximately 17.3%[128]. - The total owner's equity at the end of the reporting period was CNY 1,899,630,164.54, reflecting a slight increase from CNY 1,862,376,659.01 in the previous period[152]. Revenue Sources - The sales revenue from the brand "Lafang," "Yujie," and "Meiduosi" accounted for 86.31% of total revenue, totaling 43,635.21 RMB[36]. - The sales revenue from the imported brand "Ruiboxi" increased by 128.34% to 1,810.72 RMB[36]. - The new domestic brands "Jian'an" and "T8" achieved sales revenues of 360.98 RMB and 805.30 RMB, respectively, with growth rates of 100.00% and 128.79%[36]. - E-commerce and retail channels generated revenue of 15,471.88 RMB, a significant increase of 151.83%[36]. Expenses and Costs - The operating cost increased to ¥235,596,255.85, up 18.87% from ¥198,193,400.70, primarily due to the rise in revenue[47]. - Sales expenses surged by 90.15% to ¥228,900,590.04 from ¥120,378,100.20, driven by increased promotional and e-commerce platform costs[48]. - The company's sales expenses rose significantly to CNY 169.55 million in the first half of 2021, compared to CNY 95.85 million in the first half of 2020, an increase of 76.73%[140]. Research and Development - The company has 143 authorized patents, including 68 invention patents and 75 design patents, reflecting its commitment to R&D innovation[43]. - The company launched over 16 new products under the "肌安特" brand, focusing on whitening, acne treatment, and repair[40]. - Research and development expenses for the first half of 2021 were ¥16,221,499.24, slightly up from ¥15,625,941.72 in the same period of 2020[136]. Investments and Capital - The company raised a total of RMB 801,804,000.00 from the public offering of 43,600,000 shares at a price of RMB 18.39 per share, after deducting underwriting and sponsorship fees[105]. - The company plans to invest RMB 41,874.42 million in the Shantou production base project, with an expected construction period of 2 years[110]. - The company has allocated RMB 14,551.83 million from the fundraising for the second phase of daily chemical products (shampoo and shower gel) project, which has been repurposed for the Shantou production base project[109]. Market and Competition - The company faces risks from intensified market competition, particularly in the daily chemical market, and plans to implement differentiated strategies based on regional market conditions and customer needs[70]. - The company is focusing on expanding its product lines and enhancing brand recognition through innovative marketing strategies and new product development[40][41]. Compliance and Governance - The company has not faced any environmental penalties and has maintained compliance with environmental regulations during the reporting period[86]. - The company received the "Green Factory" certification from the Ministry of Industry and Information Technology in 2019, reflecting its commitment to sustainable practices[86]. - There are no significant lawsuits or arbitration matters during the reporting period[97]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,351[118]. - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, representing 30.66% of the total shares[120]. - The total number of unrestricted circulating shares is 224,447,000, which is 99.01% of the total shares[114]. Financial Reporting and Accounting - The company has established a comprehensive financial reporting framework that adheres to accounting standards, ensuring transparency in financial performance[172]. - The company maintains a continuous operation basis, confirming its ability to sustain business activities for at least 12 months[171]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a merger, while any excess of fair value over the acquisition cost is recognized as profit for the current period[180].

Financial Performance - In 2020, the net profit attributable to shareholders of the parent company was RMB 116,985,353.05, with a distributable profit of RMB 697,675,212.65 as of December 31, 2020[6]. - The proposed cash dividend is RMB 0.09 per share (including tax), totaling RMB 20,351,174.40, which accounts for 17.40% of the net profit attributable to shareholders[6]. - The company's operating revenue for 2020 was approximately ¥983.83 million, representing a year-over-year increase of 1.97% compared to ¥964.85 million in 2019[27]. - Net profit attributable to shareholders for 2020 reached approximately ¥116.99 million, a significant increase of 135.72% from ¥49.63 million in 2019[27]. - The basic earnings per share for 2020 was ¥0.52, up 136.36% from ¥0.22 in 2019[28]. - The weighted average return on equity increased to 6.61% in 2020, up by 3.80 percentage points from 2.81% in 2019[28]. - The net profit after deducting non-recurring gains and losses for 2020 was approximately ¥103.47 million, a substantial increase of 221.64% from ¥32.17 million in 2019[27]. - The company reported a net asset attributable to shareholders of approximately ¥1.82 billion at the end of 2020, an increase of 5.73% from ¥1.72 billion at the end of 2019[27]. Operational Highlights - The company launched new brands including T8 and 肌安特, targeting younger consumers and sensitive skin[40][41]. - The company continues to enhance its product innovation and marketing channels, focusing on high-quality consumer experiences[41]. - The company's e-commerce and retail channels generated revenue of 22,229.75 million yuan, accounting for 22.60% of total revenue, with a year-on-year growth of 79.91%[49]. - The company launched 13 new products under the "肌安特" brand, focusing on skincare for sensitive skin, targeting the 95 post-90s consumer group[53]. - The company acquired 51% of Shanghai Chengru E-commerce Co., gaining the "VNK" brand to enhance its presence in the cosmetics sector[55]. - The company has a total of 141 authorized patents, including 68 invention patents and 73 design patents, reflecting its strong R&D capabilities[58]. - The company developed a new product line "樱花蒸汽发膜" and other items under the new national trend brand T8[54]. Financial Management - The company has confirmed that there are no non-operating fund occupations by controlling shareholders and their related parties[9]. - The company has not violated decision-making procedures for providing guarantees[10]. - The board of directors and supervisory board members have ensured the authenticity, accuracy, and completeness of the annual report[4]. - The company has maintained a consistent approach to profit distribution despite potential changes in share capital due to stock incentive plans[7]. - The company has not utilized any related party transactions that could harm the interests of its shareholders[138]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[141]. - The company has not faced any issues regarding the occupation of funds during the reporting period[140]. Market and Competitive Landscape - The cosmetics market in 2020 saw a 9.5% year-on-year growth, reaching 340 billion yuan, despite a 3.9% decline in total retail sales of consumer goods[107]. - The company aims to enhance its brand and product matrix, focusing on high-quality and diverse offerings to meet consumer demands[110]. - The company plans to deepen its channel network by enhancing e-commerce operations and leveraging emerging platforms to boost brand awareness and customer experience[111]. - Continuous innovation in technology and product development is a priority, with a focus on establishing a research and development system that aligns with market trends[112]. - The company faces risks from intensified market competition and aims to optimize product and brand structures to maintain sustainable growth[114]. Investment and Future Outlook - The company plans to invest 100 million in research and development over the next year to drive innovation and improve product offerings[129]. - The management emphasized a commitment to sustainability, aiming to reduce operational costs by 15% through energy-efficient technologies by 2023[128]. - Future outlook remains positive, with a projected annual growth rate of 15% over the next five years, supported by strong demand and strategic initiatives[126]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share within the next two years[131]. - A strategic acquisition of a smaller competitor was announced, expected to enhance the company's product portfolio and increase market competitiveness[130]. Corporate Governance - The audit report issued by Huaxing Accounting Firm was a standard unqualified opinion[5]. - The company has committed to fulfilling its information disclosure obligations as per relevant laws and regulations[138]. - The company has adhered to its commitments regarding the lock-up period for shares held by major shareholders[138]. - The company has established a long-term commitment to not engage in similar business activities through its subsidiaries or affiliates[130]. - The commitments made by the actual controllers of the company are irrevocable and will remain effective until three years after they no longer hold any shares[130]. Shareholder Information - The total number of ordinary shares before the recent change was 226,720,000, with 145,426,710 shares subject to restrictions, accounting for 64.14% of the total[181]. - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, representing 30.66% of the total shares[187]. - The second largest shareholder, Australia Wanda International Limited, holds 47,938,527 shares, accounting for 21.14%[187]. - The total number of shareholders increased from 19,614 to 20,159 during the reporting period[184]. - The company does not have any strategic investors or general corporations among the top ten shareholders[188].

Financial Performance - The company reported a revenue of CNY 245,035,315.01 for Q1 2021, representing a year-on-year increase of 46.53%[11] - The net profit attributable to shareholders was CNY 16,755,300.91, reflecting a year-on-year growth of 3.93%[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 0.90% to CNY 16,312,074.47[11] - The company's operating revenue for Q1 2021 reached CNY 245,035,315.01, representing a 46.53% increase compared to CNY 167,221,490.38 in Q1 2020[15] - Total operating revenue for Q1 2021 was CNY 197,940,295.84, an increase of 34.9% compared to CNY 146,606,649.92 in Q1 2020[33] - Net profit for Q1 2021 reached CNY 16,543,144.96, representing a slight increase from CNY 16,194,677.94 in Q1 2020[32] - Operating profit for Q1 2021 was CNY 20,263,887.25, up from CNY 19,451,644.01 in the same period last year[31] - The total comprehensive income for Q1 2021 was CNY 16,543,144.96, compared to CNY 16,194,677.94 in Q1 2020[32] Revenue Breakdown - E-commerce and retail channels generated revenue of CNY 71,437,354.58, accounting for 29.15% of total revenue, with a significant year-on-year growth of 176.63%[12] - The distribution and supermarket channels achieved revenues of CNY 119,226,940.01 and CNY 54,097,214.25, with year-on-year increases of 27.54% and 15.20%, respectively[12] - The e-commerce and retail channel sales skyrocketed by 176.63% to CNY 71,437,354.58, highlighting a significant shift towards online sales[18] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,103,675,871.33, an increase of 3.12% compared to the end of the previous year[6] - The net assets attributable to shareholders increased by 1.08% to CNY 1,843,084,993.13 compared to the end of the previous year[6] - Total assets reached CNY 2,103,675,871.33, compared to CNY 2,040,093,123.91, indicating an increase of 3.1%[24] - Current liabilities increased to CNY 214,342,598.83 from CNY 177,373,546.01, representing a rise of 20.9%[24] - Total liabilities amounted to CNY 221,142,822.09, up from CNY 180,229,784.03, marking a growth of 22.7%[24] - Shareholders' equity totaled CNY 1,882,533,049.24, compared to CNY 1,859,863,339.88, reflecting an increase of 1.2%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -2,010,944.26, a decline of 107.78% compared to the same period last year[6] - Cash generated from operating activities was CNY 309,271,520.04 in Q1 2021, up from CNY 226,568,009.41 in Q1 2020[36] - The net cash flow from operating activities was negative at CNY -2,010,944.26, compared to a positive CNY 25,852,541.09 in the same quarter last year[37] - The company reported a total cash outflow from operating activities of CNY 319,260,183.95, compared to CNY 206,445,050.49 in the previous year, reflecting an increase of about 54.5%[37] - The company reported a net cash outflow from investing activities of CNY -182,703,300.01, an increase of 114.57% compared to CNY -85,148,366.91 in the prior year[17] - The cash outflow for investment activities was CNY 328,290,271.11, up from CNY 135,418,914.86 year-over-year, indicating a rise of approximately 142.5%[37] Expenses - The gross profit margin improved, with operating costs increasing by 34.91% to CNY 107,018,410.56, driven by higher sales revenue[15] - Sales expenses surged by 68.92% to CNY 96,025,407.71, primarily due to increased promotional costs[15] - Research and development expenses for Q1 2021 were CNY 7,065,452.50, consistent with CNY 7,357,668.19 in Q1 2020[31] - Sales expenses increased to CNY 96,025,407.71 in Q1 2021 from CNY 56,848,088.14 in Q1 2020, reflecting a growth of 68.9%[31] Investments - The company reported investment income of CNY 2,344,156.08 in Q1 2021, compared to CNY 2,077,978.99 in Q1 2020[31] - The company’s long-term equity investments grew to CNY 250,609,999.52, up from CNY 237,540,568.75, indicating a strategic focus on long-term growth[22] Other Financial Metrics - The weighted average return on equity was 0.91%, a decrease of 0.02 percentage points from the previous year[6] - The basic and diluted earnings per share remained unchanged at CNY 0.07[6] - The company reported a decrease in credit impairment losses to CNY -1,604,520.63 in Q1 2021 from CNY 977,266.23 in Q1 2020[31]

Financial Performance - Net profit attributable to shareholders increased by 42.79% to CNY 82,162,710.48 year-on-year[6] - Operating revenue decreased by 6.22% to CNY 652,820,740.70 compared to the same period last year[6] - Basic earnings per share rose by 38.46% to CNY 0.36 compared to the same period last year[6] - The weighted average return on equity increased by 1.5 percentage points to 4.69%[6] - The company reported a significant increase in long-term equity investments, rising to CNY 211,925,533.33 from CNY 200,414,735.89, which is an increase of approximately 5.8%[21] - Net profit for the first three quarters of 2020 was ¥91,480,055.20, compared to ¥64,198,585.12 in the same period of 2019, showing a growth of around 42.52%[31] - The net profit for Q3 2020 reached ¥37.16 million, representing a significant increase of 215.4% from ¥11.80 million in Q3 2019[35] Assets and Liabilities - Total assets increased by 4.86% to CNY 2,022,530,528.59 compared to the end of the previous year[6] - The total number of shareholders reached 19,698 by the end of the reporting period[10] - The total liabilities of the company as of September 30, 2020, were CNY 185,385,499.15, compared to CNY 192,192,023.24 at the end of 2019, reflecting a decrease of approximately 3.5%[22] - The company's total current assets were CNY 1,548,251,651.38, slightly down from CNY 1,568,024,890.00 at the end of 2019, indicating a decrease of about 1.5%[20] - Total liabilities for Q3 2020 were ¥292,607,290.17, compared to ¥267,255,623.05 in Q3 2019, reflecting an increase of about 9.48%[26] - The company's equity totaled ¥1,790,562,231.89 in Q3 2020, an increase from ¥1,719,201,076.51 in Q3 2019, representing a growth of approximately 4.14%[26] Cash Flow - Net cash flow from operating activities increased by 14.79% to CNY 114,269,051.39 year-to-date[6] - The net cash flow from financing activities decreased by 87.12% to -13,844,509.63 RMB, mainly due to reduced cash dividends and share buybacks[17] - In the first three quarters of 2020, the company generated cash inflows from operating activities totaling ¥758,942,639.03, a decrease of 1.3% compared to ¥767,935,449.10 in the same period of 2019[37] - The company reported cash outflows from investing activities of ¥694,087,027.54 in 2020, compared to ¥470,401,654.73 in 2019, resulting in a net cash flow from investing activities of -¥188,989,075.96[37] - The company experienced a net cash outflow from financing activities of -¥13,844,509.63 in Q3 2020, compared to -¥107,492,589.55 in the same quarter of 2019[39] Expenses and Costs - The company reported a 37.23% decrease in selling expenses to 185,334,372.17 RMB, influenced by reduced market expenses due to the pandemic[16] - Total operating costs for Q3 2020 were ¥211,844,622.41, a decrease from ¥237,919,267.63 in Q3 2019, reflecting a reduction of about 10.95%[31] - Research and development expenses for Q3 2020 were ¥11,101,085.82, compared to ¥9,199,990.28 in Q3 2019, indicating an increase of about 20.66%[31] Shareholder Information - The largest shareholder, Wu Guiqian, holds 30.66% of the shares, with 30 million shares pledged[10] - The company has not disclosed any new product developments or market expansion strategies in this report[4] - The company has not reported any significant changes in its net profit forecast for the year, indicating stability in its financial outlook[18] Inventory and Prepayments - Prepayments rose by 145.47% to 22,496,861.52 RMB, attributed to increased payments to suppliers[14] - The company reported a decrease in inventory from ¥212,005,051.06 in Q3 2019 to ¥168,408,756.75 in Q3 2020, a reduction of approximately 20.56%[25] - The company's inventory as of September 30, 2020, was CNY 221,911,231.26, down from CNY 245,156,857.13 at the end of 2019, indicating a decrease of about 9.4%[20] Compliance and Standards - The financial report indicates compliance with new revenue and leasing standards, ensuring accurate financial reporting[49] - Contract liabilities reached 80,192,530.14 RMB, reflecting the impact of new revenue recognition standards[14]