第二条 员工持股计划的目的 公司依据《公司法》《证券法》《指导意见》等有关法律、行政法规、规章、 规范性文件和《公司章程》的规定，制定了本员工持股计划草案。 公司员工自愿、合法、合规地参与本员工持股计划，持有公司股票的目的在 于建立和完善员工、股东的利益共享机制，改善公司治理水平，提高职工的凝聚 力和公司竞争力，调动员工的积极性和创造性，促进公司长期、持续、健康发展。 恒林家居股份有限公司 2023 年员工持股计划管理办法 第一章 总则 第一条 为规范恒林家居股份有限公司（以下简称恒林股份或公司）员工持 股计划（以下简称员工持股计划）的实施，根据《中华人民共和国公司法》（以 下简称《公司法》）《中华人民共和国证券法》（以下简称《证券法》）《中国证监 会关于上市公司实施员工持股计划试点的指导意见》（以下简称《指导意见》）《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》（以下简称《监管指 引第 1 号》）等相关法律、行政法规、规范性文件和《恒林家居股份有限公司章 程》（以下简称《公司章程》）《恒林家居股份有限公司 2023 年员工持股计划（草 案）》之规定，特制定《恒林家居股份有限公司 2023 年 ...

证券代码：603661 证券简称：恒林股份 公告编号：2023-024 恒林家居股份有限公司 第六届董事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 恒林家居股份有限公司 （以下简称公司）第六届董事会第十四次会议于 2023 年 8 月 22 日在浙江省湖州市安吉县递铺街道恒林 B 区办公楼 107 会议室以现场结 合通讯方式召开，会议通知已按规定提前以书面及通讯方式送达。本次会议由董事 长王江林先生召集和主持，会议应出席董事 5 人，实际出席董事 5 人，公司监事、 高级管理人员全部列席了本次会议。本次会议的召集、召开及表决程序符合《中华 人民共和国公司法》和《公司章程》的有关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 （一）审议了《关于<恒林家居股份有限公司 2023 年员工持股计划（草案）> 及其摘要的议案》 为进一步完善公司治理结构，建立健全长期、有效的激励约束机制，提高员工 的凝聚力和公司核心竞争力，根据相关法律、法规的规定和要求，结合公司实际情 况 ...

证券代码：603661 证券简称：恒林股份 公告编号：2023-013 恒林家居股份有限公司 关于召开 2022 年度暨 2023 年第一季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法律责任。 重要内容提示： 会议召开时间：2023 年 05 月 29 日(星期一)下午 15:00-16:30 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心视频直播和网络互动 三、参加人员 董事长：王江林先生 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 05 月 22 日(星期一)至 05 月 26 日(星期五)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hlgf@ ...

2023 年第一季度报告 证券代码：603661 证券简称：恒林股份 恒林家居股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 1 / 13 2023 年第一季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | 项目 | | 本报告期 | 本报告期比上年同期增减 | | | | | | 变动幅度(%) | | | 营业收入 | | 1,693,575,299.18 | 20.84 | | | 归属于上市公司股东的净利润 | | 78,264,756.76 | 7. ...

Financial Performance - The company's operating revenue for 2022 was CNY 6,514,925,235, representing a 12.76% increase compared to CNY 5,777,795,371 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 352,861,422, a 4.50% increase from CNY 337,663,565 in 2021[22]. - The net cash flow from operating activities reached CNY 630,947,779, a significant increase of 557.48% compared to CNY 95,964,237 in 2021[22]. - The basic earnings per share for 2022 was CNY 2.58, up 4.45% from CNY 2.47 in 2021[23]. - The total assets of the company at the end of 2022 were CNY 8,793,035,215, reflecting a 17.75% increase from CNY 7,467,575,301 at the end of 2021[22]. - The weighted average return on equity for 2022 was 11.23%, a decrease of 0.53 percentage points from 11.76% in 2021[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2022 was CNY 316,136,108, a 10.22% increase from CNY 286,820,162 in 2021[22]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 3,278,971,440, an 8.42% increase from CNY 3,024,221,333 at the end of 2021[22]. Dividend Distribution - The company plans to distribute a cash dividend of 2.60 CNY per 10 shares, totaling approximately 35,550,998.08 CNY, which represents 10.08% of the net profit attributable to shareholders for 2022[5]. - The company has distributed over 379 million yuan in cash dividends since its listing in 2017, ensuring a stable return to investors[41]. - The company has a clear and defined dividend policy that complies with the company's articles of association and shareholder resolutions[195]. - The company completed the 2021 profit distribution, distributing a cash dividend of 1.00 yuan per share, totaling 97,667,577 yuan, and a capital reserve conversion of 0.4 shares for every share held[192]. - The cash dividend per 10 shares is CNY 2.60 (including tax)[197]. Corporate Governance - The company has established a robust internal control system and governance structure to protect the interests of all shareholders[157]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with legal requirements and effective governance[161]. - The company held 6 supervisory board meetings in 2022, maintaining compliance with legal requirements[163]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[178]. - The company emphasizes the importance of talent retention and development to mitigate the risk of core talent loss in a competitive industry[155]. Research and Development - Research and development investment totaled 197 million yuan, accounting for 3.03% of operating revenue, with 236 new effective domestic patents added during the year[38]. - The company holds a total of 1,246 effective domestic and foreign patents, reflecting its strong emphasis on R&D and innovation[58]. - The company has been recognized as a high-tech enterprise and has received multiple awards, including the "2022 Zhejiang Province High-tech Enterprise Innovation Capability Top 500"[58]. - The company aims to increase R&D investment to develop new materials and environmentally friendly products, responding to domestic market demands[143]. Market Position and Strategy - The company aims to expand its competitiveness in the furniture industry while focusing on its core business[61]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[116]. - The company is focusing on brand value enhancement through innovation, aiming to improve market share and brand recognition[144]. - The company aims to become a world-class home furnishing enterprise, focusing on a dual-cycle strategy for domestic and international markets by 2025[138]. Operational Efficiency - The company has implemented a digital and automated production process, improving efficiency and reducing costs through advanced manufacturing technologies[82]. - The company has established a digital factory transformation and implemented lean production principles to enhance manufacturing efficiency[40]. - The company plans to enhance manufacturing efficiency through process optimization and strict quality management, aiming to reduce production losses[140]. Social Responsibility - The company actively engaged in charitable activities, contributing 3.894 million yuan to public welfare initiatives in 2022[34]. - The company actively pursues a green furniture design and manufacturing approach, ensuring that materials used are natural and renewable, aligning with social responsibility goals[67]. Industry Insights - The furniture industry in China saw a total revenue of 762.41 billion yuan, a year-on-year decrease of 8.1%[43]. - The global furniture market revenue reached approximately $673 billion in 2021, with a projected compound annual growth rate (CAGR) of 5.1% from 2021 to 2026, expected to reach $862.9 billion by 2026[44]. - The global office furniture market is anticipated to reach 85 billion USD by 2026, indicating significant growth potential[136]. Employee Management - The company reported a total of 9,024 employees, with 2,721 in the parent company and 6,303 in major subsidiaries[188]. - The company emphasizes employee training, implementing annual training plans to enhance organizational capabilities and employee skills[190]. - The company established a salary management mechanism based on job value, performance, and employee capability to attract talent and promote sustainable development[189].

恒林家居股份有限公司 投资者关系活动记录表 证券简称：恒林股份 证券代码：603661 编号：2022-004 | --- | --- | --- | |--------------------|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | □特定对象调研 □现场参观 | ☑ 分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 线上交流会 □其他（ ） | | | | | | | | 国盛证券、财通资管、汇安基金、鹏扬基金、善润投资、东海基金、 | | 参与单位名称 | | 德邦基金、富荣基金、平安资产、淳厚基金、南方基金、国寿养老； 浙商证券、新华基金、上投摩根；招商证券、汇安基金、西部利得基 金、东财基金、兴业证券、新华资产。 | | 时间 ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 12 证券代码：603661 证券简称：恒林股份 恒林家居股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|--------------------------------------|------------------|--------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,952,398,899.65, representing a 22.60% increase compared to ¥2,408,229,563.01 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥210,886,270.72, up 26.78% from ¥166,344,878.65 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥216,680,257.17, which is a 51.96% increase from ¥142,592,509.29 year-on-year[22]. - The net cash flow from operating activities was ¥193,360,865.85, a significant improvement from a negative cash flow of -¥143,828,471.03 in the same period last year, marking a 234.44% increase[22]. - The total assets at the end of the reporting period were ¥7,957,907,881.15, reflecting a 6.57% increase from ¥7,467,575,301.01 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 3.79% to ¥3,138,865,853.95 from ¥3,024,221,333.59 at the end of the previous year[22]. - The basic earnings per share for the first half of 2022 were ¥1.54, down 8.88% from ¥1.69 in the same period last year[22]. - The weighted average return on net assets increased by 0.88 percentage points to 6.74% compared to 5.86% in the previous year[22]. - The company reported a significant increase in the net profit margin after deducting non-recurring gains and losses, with a return on net assets of 6.92%, up 1.90 percentage points from 5.02%[22]. - In the first half of 2022, the company achieved a main business revenue of CNY 292,202.01 million, representing a year-on-year growth of 21.90%[51]. - The gross profit margin for the overall business was 19.77%, a decrease of 1.38 percentage points compared to the previous year[52]. Market and Industry Trends - The global furniture market was valued at $546 billion in 2021, with the Asia-Pacific region accounting for over 50% of the total production[29]. - The global furniture consumption is projected to grow at a CAGR of 6.28% from 2023 to 2026, reaching $654.5 billion by 2022[29]. - In the first half of 2022, the furniture manufacturing industry in China reported revenues of CNY 360.4 billion, a year-on-year decrease of 4%[32]. - The domestic real estate market is facing pressure due to macro-control policies, which may impact the furniture industry, closely related to real estate demand[71]. Strategic Initiatives - The company is transitioning from a manufacturing-focused model to a "manufacturing + service" model, enhancing its core competitiveness[35]. - The company aims to develop a comprehensive service product system for both office and home furniture, enhancing customer experience[35]. - The company has established a research institute for intelligent seating, covering 18,000 m², focusing on core technologies such as digital office systems and smart massage technology[38]. - The company has a strong OEM/ODM business, providing high-quality furniture products to global clients like IKEA and others[38]. - The company has established deep cooperation with online sales platforms such as Amazon, Tmall, and JD, while also exploring social e-commerce platforms like Facebook and Douyin[43]. - The company is actively expanding its sales network and exploring new markets while maintaining stable cooperation with strategic clients[70]. - The company plans to accelerate the growth of new product categories and retail transformation to adapt to changing market conditions[71]. Research and Development - Research and development expenses increased by 9.01% to ¥95,845,738.45, driven by higher R&D spending and personnel costs[56]. - The company has a total of 1,142 valid domestic patents, including 38 invention patents, 353 utility model patents, and 751 design patents as of June 30, 2022[45]. Environmental and Social Responsibility - The company is committed to green furniture design and manufacturing, aligning with consumer demand for quality and healthy living environments[35]. - The company adheres to environmental regulations and has implemented measures to control emissions and waste during production processes[85]. - The company has established contracts for the proper disposal of hazardous waste generated during production, ensuring compliance with environmental standards[88]. - In the first half of 2022, the company's rooftop distributed photovoltaic power generation produced a total of 3.17 million kWh, reducing energy consumption by 389 tons of standard coal and cutting carbon dioxide emissions by 3,041 tons[92]. - The company donated a total of 145,000 yuan for educational support and assistance to employees in need during the reporting period, contributing to a total of 7 million yuan since 2017 through its charity foundation[93]. Corporate Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[7]. - The company has implemented a stock incentive plan for its subsidiary, aiming to enhance employee motivation and align interests[81]. - The company reported a significant related party transaction with Hehe Health, with an expected amount of 13.50 million and an actual amount of 8.90 million, accounting for 97.71% of similar transactions[114]. - The company has no major litigation or arbitration matters during the reporting period[114]. - The company has not provided guarantees for shareholders, actual controllers, or their related parties during the reporting period[119]. - The company will not engage in any business activities that compete with its subsidiaries, ensuring no direct or indirect competition[106]. - The company has committed to a maximum reduction of 10% of its holdings in any given year after the lock-up period ends[104]. Financial Position and Liabilities - The company's total assets reached ¥8,000,000,000, with overseas assets amounting to ¥2,284,183,040.57, representing 28.70% of total assets[61]. - The company's short-term borrowings increased by 14.06% to ¥1,320,124,440.00, compared to ¥1,157,419,756.07 in the previous year[61]. - The company reported a significant increase in other payables, which rose by 170.38% to ¥187,990,857.86, primarily due to unpaid dividends[61]. - The total liabilities increased to ¥4,784,301,316.02, up from ¥4,439,269,142.68, indicating a growth of around 7.76%[143]. - Owner's equity reached ¥3,173,606,565.13, compared to ¥3,028,306,158.33, showing an increase of about 4.81%[143]. Cash Flow Management - The total operating cash inflow was ¥3,305,965,024.65, an increase of 19.93% from ¥2,756,383,924.05 in the first half of 2021[160]. - The net cash flow from operating activities was ¥193,360,865.85, compared to a negative cash flow of ¥143,828,471.03 in the first half of 2021[162]. - The total cash inflow from financing activities was ¥645,054,381.76, down from ¥909,354,665.44 in the same period last year, reflecting a decrease of about 29.1%[165]. - The company plans to continue focusing on cash flow management and operational efficiency to enhance financial stability moving forward[164].

Financial Performance - The company's operating revenue for 2021 was CNY 5,777,795,371.30, representing a 21.81% increase compared to CNY 4,743,093,735.24 in 2020[29]. - The net profit attributable to shareholders of the listed company decreased by 7.05% to CNY 337,663,565.13 in 2021 from CNY 363,277,685.75 in 2020[29]. - The net cash flow from operating activities significantly dropped by 86.06% to CNY 95,964,237.26 in 2021, down from CNY 688,304,481.44 in 2020[29]. - The total assets increased by 42.28% to CNY 7,467,575,301.01 at the end of 2021, compared to CNY 5,248,667,608.35 at the end of 2020[29]. - The basic earnings per share for 2021 was CNY 3.45, a decrease of 5.74% from CNY 3.66 in 2020[31]. - The weighted average return on net assets was 11.76% in 2021, down from 13.69% in 2020, reflecting a decrease of 1.93 percentage points[31]. - The company reported a net profit of CNY 72,382,673.13 in Q4 2021, with a total operating revenue of CNY 1,806,909,121.70 for the same quarter[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 286,820,162.44 in 2021, down 11.24% from CNY 323,158,878.91 in 2020[29]. - The company's net assets attributable to shareholders increased by 8.12% to CNY 3,024,221,333.59 at the end of 2021, compared to CNY 2,797,066,863.57 at the end of 2020[29]. - The total profit for the reporting period decreased by 14.24%, with asset impairment losses amounting to 48.82 million RMB, compared to 16.17 million RMB in the previous year[43]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 10.00 RMB per 10 shares, totaling 97,667,577 RMB (including tax), which represents 43.50% of the net profit attributable to shareholders for 2021[7]. - The company intends to increase its capital stock by 4 shares for every 10 shares held, resulting in a total share capital of 139,067,031 shares after the increase[8]. - The total amount paid for share repurchases in 2021 was 49,199,375.66 RMB, which is treated as cash dividends[7]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[13]. - The company has no violations of decision-making procedures regarding external guarantees[13]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company’s financial report has been confirmed as true, accurate, and complete by its responsible persons[6]. - The company’s board of directors and supervisory board members have all attended the board meeting[5]. - The company has held 1 annual general meeting and 3 temporary meetings during the reporting period, ensuring compliance with relevant laws and regulations[183]. - The company completed the board of directors' re-election on December 1, 2021, with a total of 5 directors, including 2 independent directors, complying with legal and regulatory requirements[185]. - During the reporting period, the company held 10 board meetings and 6 supervisory board meetings, adhering strictly to relevant laws and regulations[186][189]. Market and Industry Trends - The company is focusing on technology innovation, with new products such as a zero-gravity chair and a massage leisure chair, which have won multiple international design awards[49]. - The company is enhancing its supply chain management by building its own raw material factories to ensure product quality and brand stability[54]. - The company is implementing a dual circulation strategy to strengthen its domestic and international market presence amid geopolitical tensions[46]. - The furniture industry saw a total revenue of 800.46 billion yuan, with a year-on-year growth of 13.5%[61]. - The global office furniture market was valued at 53 billion USD in 2019, with the Asia-Pacific region accounting for 47% of production[61]. - The furniture industry is experiencing a shift towards systematization, intelligence, and environmental sustainability[66]. Product Development and Innovation - The company has developed multiple proprietary technologies, including a 360-degree mechanical motion base and pressure distribution seat cushions, enhancing its core competitiveness[98]. - The company is focusing on developing multifunctional and space-efficient office furniture to adapt to the rise of remote work[64]. - The company aims to provide comprehensive space solutions for both office and residential environments, maintaining a strong market presence[70]. - The company is transitioning from a manufacturing enterprise to a "manufacturing + service" enterprise, emphasizing technology innovation and supply chain optimization[163]. - The company aims to explore new materials and processes, developing in an environmentally friendly, healthy, and intelligent direction[165]. Strategic Partnerships and Market Expansion - The company has established long-term partnerships with renowned international clients such as IKEA and Walmart, enhancing its brand image and market position[97]. - The company plans to continue expanding its international market presence, particularly through overseas e-commerce growth[115]. - The company aims to achieve a balance between domestic and international markets by 2025, focusing on both B2B and B2C segments[163]. - The company plans to build a European sales team starting from the Swiss market, aiming to transition from a regional brand to an international brand[171]. Risk Management and Governance - The company recognizes the risk of core talent loss due to increasing industry competition and plans to improve its incentive mechanisms to retain talent[178]. - The company will actively monitor macroeconomic conditions and industry policies to mitigate risks associated with economic downturns and supply chain disruptions[174]. - The company emphasizes the protection of stakeholders' rights and actively engages with customers, suppliers, shareholders, employees, and society to promote sustainable development[191]. - The company strictly follows information disclosure regulations, ensuring that all shareholders have equal access to information through designated media[192]. - The company has established an investor relations management system, with the board office responsible for managing investor relations and information disclosure[193].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,401,481,581.72, representing a year-on-year increase of 35.66%[6] - The net profit attributable to shareholders was ¥72,823,295.56, reflecting a growth of 9.13% compared to the same period last year[6] - Basic earnings per share were ¥0.74, an increase of 10.45% from the previous year[6] - Total operating revenue for Q1 2022 reached RMB 1,401,481,581.72, a 35.6% increase from RMB 1,033,076,083.19 in Q1 2021[29] - Net profit for Q1 2022 was RMB 71,958,561.54, compared to RMB 67,077,756.41 in Q1 2021, reflecting a 5.6% increase[33] - Earnings per share for Q1 2022 were RMB 0.74, up from RMB 0.67 in Q1 2021[35] - The company reported a total comprehensive income of RMB 76,816,034.41 for Q1 2022, compared to RMB 64,319,438.14 in Q1 2021[35] Cash Flow - The net cash flow from operating activities was -¥82,973,064.19, a significant decrease of 68.56% year-on-year[6] - Cash flow from operating activities in Q1 2022 was RMB 1,470,078,880.73, an increase from RMB 1,143,252,867.28 in Q1 2021[36] - Operating cash inflow totaled $1,566,849,613.54, an increase of 24.9% compared to $1,254,355,127.54 in the previous period[39] - Operating cash outflow amounted to $1,649,822,677.73, up from $1,518,302,386.16, resulting in a net cash flow from operating activities of -$82,973,064.19, an improvement from -$263,947,258.62[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,694,906,242.69, up 3.04% from the end of the previous year[9] - The company's current assets totaled ¥4,295,607,983.72, up from ¥4,114,042,603.05, indicating an increase of about 4.41%[24] - Total liabilities were reported at ¥4,556,575,178.90, compared to ¥4,439,269,142.68, marking an increase of approximately 2.65%[27] - Short-term borrowings rose to ¥1,540,988,214.32 from ¥1,157,419,756.07, representing an increase of about 33.06%[27] - The company's long-term borrowings decreased slightly to ¥594,361,226.67 from ¥619,013,366.23, a decline of approximately 3.97%[27] Equity - The equity attributable to shareholders was ¥3,101,902,102.02, which is a 2.57% increase compared to the previous year[9] - The total equity remained stable at ¥3,138,331,063.79, reflecting a slight increase from ¥3,028,306,158.33, which is an increase of about 3.36%[27] - Total equity attributable to shareholders of the parent company increased to RMB 3,101,902,102.02 from RMB 3,024,221,333.59 year-over-year[29] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 1,359,029,773.39, up 38.5% from RMB 981,114,092.35 in Q1 2021[29] - The company experienced a significant increase in cash outflows due to higher payments for materials and year-end bonuses compared to the same period last year[12] - Payments for employee compensation rose to $256,093,884.76 from $215,587,828.54, indicating a 18.8% increase[39] - The company paid $40,382,584.70 in taxes, a slight decrease from $44,452,116.97[39] Investment and Other Income - Investment income for Q1 2022 was RMB 26,389,089.68, compared to RMB 22,805,865.11 in Q1 2021, marking a 15.3% increase[33] - Other comprehensive income after tax for Q1 2022 was RMB 4,857,472.87, compared to a loss of RMB 2,758,318.27 in Q1 2021[33] - Cash received from investment recoveries was $70,400,000.00, down from $233,437,105.28, indicating a significant decline in investment cash inflows[39]