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]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 403,742,293.60, a decrease of 11.79% compared to CNY 457,706,726.56 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 47,771,814.28, showing a slight increase of 0.70% from CNY 47,439,682.13 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,954,965.75, which represents a 16.77% increase from CNY 41,068,346.40 in the previous year[18]. - The net cash flow from operating activities was CNY 64,298,262.75, an increase of 97.91% compared to CNY 32,489,161.41 in the same period last year[18]. - The company's revenue for the reporting period was CNY 403.74 million, a decrease of 11.79% compared to CNY 457.71 million in the same period last year[46]. - Operating costs increased by 3.58% to CNY 198.19 million from CNY 191.33 million year-on-year[46]. - Sales expenses decreased significantly by 37.92% to CNY 120.38 million from CNY 193.91 million in the previous year[46]. - The company reported a significant reduction in other receivables, decreasing from approximately RMB 27.20 million to RMB 18.59 million, a decline of about 31.1%[123]. - The company reported a significant decrease in other payables, down 49.32% to 12.94 million CNY, primarily due to a reduction in payable cash dividends[53]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,933,164,378.46, a slight increase of 0.23% from CNY 1,928,734,760.67 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 1,739,504,274.85, reflecting a 0.87% increase from CNY 1,724,549,791.23 at the end of the previous year[19]. - The company's total liabilities decreased to CNY 189,086,503.12 from CNY 192,192,023.24, a reduction of about 1.63%[125]. - Current liabilities increased to CNY 187,843,387.99 from CNY 179,291,388.11, marking an increase of approximately 3.08%[125]. - The company's total liabilities increased to CNY 280,893,496.44 from CNY 267,255,623.05, reflecting a growth of 5.1%[129]. Earnings and Shareholder Information - The basic earnings per share remained stable at CNY 0.21, unchanged from the same period last year[20]. - The diluted earnings per share also remained at CNY 0.21, consistent with the previous year[20]. - The company's total equity rose to CNY 1,731,901,978.76, up from CNY 1,719,201,076.51, indicating a slight increase of 0.7%[129]. - The company reported a total of 30,975,650.80 RMB in profit distribution to shareholders, indicating a significant cash outflow[145]. - The total owner's equity at the end of the reporting period is CNY 1,731,901,978.76, an increase from CNY 1,719,201,076.51 at the beginning of the period[151]. Market and Brand Strategy - The "Lafang" and "Meiduosi" brands generated operating revenue of CNY 314,721,407.73, accounting for 77.95% of total revenue[37]. - E-commerce channels achieved operating revenue of CNY 61,438,400, representing 15.22% of total revenue, with a year-on-year growth of 10.73%[37]. - The company launched new products including "Ginger Juice" and "T8" series targeting young consumers, enhancing brand innovation[38]. - The company acted as the official hair sponsor for NEHERA Fashion Week, promoting products to increase brand visibility[38]. - The agency brand "Dailper" launched a new "Sakura Spray" series, enhancing brand promotion through various online channels[39]. - The company continues to focus on product innovation and brand management to meet diverse consumer needs and enhance market share[30]. Investment and Development - The company established a joint venture with Guangdong Hansun Biotechnology Co., Ltd., holding a 51% stake, to develop skincare products targeting online consumers[41]. - The company has launched a new brand focused on sensitive skin, investing CNY 150 million in a fully automated production facility[41]. - The company plans to invest RMB 41,874.42 million in the Shantou production base project, with RMB 14,551.83 million allocated from the second phase of daily chemical products project[102]. - The company has completed part of the marketing network construction project with a cumulative investment of RMB 16,908.27 million[101]. Legal and Compliance - The company is involved in a significant lawsuit with a claim amount of RMB 1,179,346.64 related to construction disputes, with a judgment requiring payment within 15 days[85]. - Another lawsuit involves a claim of RMB 2,703,059.73 against China Resources Vanguard Co., Ltd. for overdue payment, with court hearings held in June 2020[87]. - The company has reported no major litigation or arbitration matters that have not been disclosed in temporary announcements[84]. - The company maintains a good credit status and normal operating conditions during the reporting period[89]. Corporate Governance - There were no changes in the controlling shareholders or actual controllers during the reporting period, ensuring stability in governance[117]. - The company has appointed a new supervisor, Chen Xianying, following the resignation of Chen Chun due to work changes, indicating ongoing governance adjustments[119]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[76]. Environmental and Social Responsibility - The company has not experienced any environmental pollution incidents or exceeded emission standards during the reporting period[97]. - The company received the "Green Factory" certificate from the Ministry of Industry and Information Technology in September 2019[97]. Accounting and Financial Reporting - The financial statements are prepared based on actual transactions and comply with the enterprise accounting standards[164]. - The company includes its subsidiaries in the consolidated financial statements, which encompass various cosmetic and marketing firms[163]. - The company recognizes cash and cash equivalents as cash and short-term, highly liquid investments[177].

2020 年第一季度报告 公司代码：603630 公司简称：拉芳家化 拉芳家化股份有限公司 2020 年第一季度报告 1 / 23 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 5 | | 四、 | 附录 8 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 | | 单位：元 币种：人民币 | | --- | --- | | 项目 | 本期金额 说明 | | 非流动资产处置损益 | | | 越权审批，或无正式批准文件，或偶发性的税收返还、减免 | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关， 符合国家政策规定、按照一定标准定额或定量持续享受的政府 | 322,866.28 | | 补助除外 | | | 计入当期损益的对非金融企业收取的资金占用费 | | 3 / 23 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,945,110,936.58 1,928,734,760.67 0.85 归属于上市公司股 ...

Dividend Distribution - The company plans to distribute a cash dividend of 1.30 RMB per 10 shares, totaling approximately 29,100,650.80 RMB, which represents 58.64% of the net profit attributable to shareholders for 2019[4]. - The total cash dividend for 2019 amounts to 47,052,776.35 RMB, accounting for 94.81% of the net profit attributable to shareholders[5]. - The company executed a share buyback amounting to 17,952,125.55 RMB, which is considered as part of the cash dividend distribution, representing 36.17% of the net profit for the year[4]. - The company has not implemented any stock dividends or capital reserve transfers in 2019[4]. - The company has a clear and transparent cash dividend policy, with no adjustments or changes reported for 2019[110]. - The company has implemented a clear profit distribution policy, ensuring that cash dividends are distributed in accordance with established procedures to protect shareholder interests[107]. - In 2019, the company distributed a cash dividend of 4.00 CNY per 10 shares, totaling 89,540,464.00 CNY (including tax), which accounted for 70.41% of the net profit attributable to shareholders[110]. - For 2019, the company plans to distribute a total cash dividend of 47,052,776.35 CNY, which includes the amount treated as cash dividends from share repurchases, representing 94.81% of the net profit attributable to shareholders of 49,628,701.22 CNY[110]. - The company repurchased a total of 2,868,840 shares at a total cost of 43,723,957.02 CNY, with 17,952,125.55 CNY counted as cash dividends, constituting 36.17% of the net profit for 2019[110]. - The cash dividend for 2018 was 89,540,464.00 CNY, which was 70.41% of the net profit attributable to shareholders[110]. Financial Performance - The company's total revenue for 2019 was approximately CNY 964.85 million, a slight increase of 0.07% compared to CNY 964.14 million in 2018[21]. - The net profit attributable to shareholders decreased significantly by 60.97% to CNY 49.63 million from CNY 127.17 million in 2018[21]. - The basic earnings per share dropped by 60.71% to CNY 0.22 in 2019, down from CNY 0.56 in 2018[22]. - The net cash flow from operating activities surged by 467.72% to CNY 137.28 million, compared to CNY 24.18 million in 2018[21]. - The company's total assets decreased by 3.32% to CNY 1,928.73 million at the end of 2019, down from CNY 1,994.88 million at the end of 2018[21]. - The company reported a significant decline in the weighted average return on equity, which fell to 2.81% in 2019 from 7.26% in 2018, a decrease of 4.45 percentage points[22]. - The gross profit margin in the daily chemical industry was 55.27%, a decrease of 5.16 percentage points compared to the previous year[49]. - The company reported a net profit margin of 15%, up from 12% in the previous year, reflecting improved operational efficiency[119]. Market and Sales Performance - The sales revenue of the proprietary brands "Lafang" and "Meiduosi" reached ¥737,346,800, accounting for 76.47% of total revenue[39]. - The sales revenue of the imported brands "Delper" and "Ruibohxi" increased by 586.99% and 136.20%, reaching ¥25,020,400 and ¥18,219,000 respectively[41]. - E-commerce and retail channels generated revenue of ¥123,558,300, a year-on-year increase of 16.70%[39]. - The company optimized its sales channels, developing 2,407 key large and medium-sized supermarkets, with over 25,000 terminal points covered[42]. - Revenue in Northeast region decreased by 61% to ¥27,525,008.38, while sales in North China dropped by 57.71% to ¥92,693,936.41[50]. - Total production of cream decreased by 24.94% to 48,480.72 units, while sales volume fell by 1.47% to 62,118.87 units[51]. - The production of shampoo decreased by 24.01% to 1,891,107.22 units, while sales increased by 2.57% to 2,245,460.58 units[51]. Research and Development - The company introduced 12 new patents during the reporting period, including 7 invention patents and 5 design patents, bringing the total to 110 authorized patents[43]. - Research and development expenses amounted to ¥38,252,980.60, representing 3.96% of total revenue[55]. - The company plans to continue expanding its product lines and enhancing R&D capabilities through collaborations with various institutions[44]. - The company is focusing on R&D innovations to enhance product offerings and meet regulatory standards[68]. - The company is establishing a technology innovation system that combines industry, academia, and research to enhance its R&D management and incentivize innovation[93]. Corporate Governance and Compliance - The company’s financial report has been audited by Guangdong Zhengzhong Zhujiang Accounting Firm, which issued a standard unqualified opinion[3]. - The company’s independent directors fulfilled their responsibilities effectively, ensuring the protection of minority shareholders' rights[110]. - The company’s decision-making processes regarding dividends and share repurchases were compliant and transparent[110]. - The company has not reported any instances of funds being occupied or overdue receivables during the reporting period[127]. - The company has established a robust internal reporting system for significant information, ensuring compliance with regulations[199]. - The company has no significant discrepancies with the requirements set by the China Securities Regulatory Commission[200]. - The company has no instances of penalties from securities regulatory agencies in the past three years, indicating a clean compliance record[186]. Strategic Initiatives and Future Outlook - The company aims to enhance its market share and brand recognition through continuous investment in product development and marketing strategies[32]. - The company is exploring market expansion opportunities in response to favorable industry policies and consumer trends[61]. - The company plans to leverage a strategic focus on "matrix," "youth," "international," and "optimization" to achieve its growth objectives[89]. - The company plans to accelerate its online data-driven operations and improve e-commerce capabilities, targeting younger demographics through platforms like Douyin and Kuaishou[92]. - The company is considering strategic acquisitions to bolster its product portfolio, with a budget of $100 million earmarked for potential deals[120]. - The company provided guidance for the next quarter, expecting revenue to be between $400 million and $450 million, indicating a potential growth of 10% to 12%[121]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 19,328, down from 21,936 at the end of the previous month[166]. - The largest shareholder, Wu Guoqian, held 69,503,831 shares, representing 30.66% of the total shares, with 43,030,000 shares pledged[168]. - The total number of shares held by the top ten shareholders was significant, indicating concentrated ownership[168]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 2.19 million yuan[178]. - The company completed the board and supervisory board re-election on March 14, 2019, with no changes in positions except for the independent directors due to term expiration[180].

Financial Performance - Net profit attributable to shareholders was CNY 57,541,475.98, down 56.49% year-on-year[6]. - Operating revenue for the first nine months was CNY 696,108,713.88, a decrease of 1.84% compared to the same period last year[6]. - Basic earnings per share decreased by 55.17% to CNY 0.26[7]. - The weighted average return on equity decreased by 4.33 percentage points to 3.19%[6]. - The company reported a 31.73% decrease in investment income to CNY 16.23 million, mainly due to reduced returns from bank financial products and investments in associates[15]. - The net profit for the first three quarters of 2019 was ¥55,910,703.77, down from ¥150,670,488.16 in the same period of 2018[29]. - The net profit for Q3 2019 was approximately ¥11.80 million, compared to ¥48.40 million in Q3 2018, reflecting a significant decline of 75.6%[32]. - The company's operating profit for the first three quarters of 2019 was approximately ¥65.19 million, down 54.4% from ¥142.92 million in the same period of 2018[31]. - The total profit for the first three quarters of 2019 was approximately ¥70.87 million, a decrease of 51.6% compared to ¥146.18 million in the first three quarters of 2018[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,927,646,013.78, a decrease of 3.37% compared to the end of the previous year[6]. - The company's equity attributable to shareholders was approximately ¥1.74 billion, a decrease from ¥1.79 billion, indicating a decline of about 2.4%[23]. - Total liabilities decreased to ¥254,223,370.75 from ¥275,368,813.08, a reduction of 7.7%[27]. - The company reported total non-current assets of approximately ¥523.17 million, leading to total assets of approximately ¥2.03 billion[45]. - Total current assets amounted to approximately ¥1.51 billion, with cash and cash equivalents at ¥880.75 million[44]. - The company has no short-term or long-term borrowings, indicating a debt-free status[45]. - The company has a significant amount of inventory valued at approximately ¥310.17 million, which may impact future cash flow[44]. Cash Flow - The net cash flow from operating activities increased by 123.00% to CNY 99,549,406.31[6]. - The net cash flow from operating activities for the third quarter of 2019 was ¥99.55 million, significantly up from ¥44.64 million in the same quarter of 2018, representing an increase of 123.5%[35]. - The cash inflow from recovering investments in the first three quarters of 2019 was ¥452.45 million, a decrease of 62.9% from ¥1.22 billion in the same period of 2018[36]. - The total cash inflow from investment activities in the first three quarters of 2019 was ¥481.41 million, down 63.1% from ¥1.31 billion in the same period of 2018[35]. - The cash outflow for purchasing goods and services in the first three quarters of 2019 was ¥312.37 million, down 25.8% from ¥420.72 million in the same period of 2018[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,391[10]. - The largest shareholder, Wu Guiqian, held 30.66% of the shares, with 43,030,000 shares pledged[10]. - Shareholders' equity totaled CNY 1,796,467,100.28, with retained earnings of CNY 680,353,492.82[40]. Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 5,973,278.01 during the reporting period[8]. - The company reported a total of CNY 1,976,192.29 in non-recurring gains and losses for the period[8]. - Other income saw a significant decline of 99.89% to CNY 1,692.77, mainly due to reduced subsidy income[15]. Operational Efficiency and Strategic Focus - The company continues to focus on maintaining operational efficiency amid declining revenues and profits[33]. - The company has not provided specific guidance for future performance or new product developments in the current reports[33]. - The company has disclosed important announcements regarding share repurchase and board changes in various financial publications[17].