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]

2021 年第三季度报告 单位：元 币种：人民币 1 / 16 证券代码：603661 证券简称：恒林股份 恒林家居股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|------------------ ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,408,229,563.01, representing a 34.74% increase compared to ¥1,787,362,171.11 in the same period last year[24] - The net profit attributable to shareholders of the listed company was ¥166,344,878.65, a 6.38% increase from ¥156,368,829.20 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥142,592,509.29, showing a slight increase of 0.59% from ¥141,751,420.23[24] - The net cash flow from operating activities was negative at -¥143,828,471.03, a significant decrease compared to a positive cash flow of ¥174,822,889.99 in the same period last year, reflecting a -182.27% change[24] - Basic earnings per share for the reporting period (1-6 months) increased to 1.69 RMB, up 7.64% from 1.57 RMB in the same period last year[27] - Diluted earnings per share for the reporting period also stood at 1.69 RMB, reflecting a 7.64% increase compared to the previous year[27] - The weighted average return on equity decreased to 5.86%, down 0.18 percentage points from 6.04% year-on-year[27] - The company achieved a main business revenue of 2.397 billion yuan in the first half of 2021, representing a year-on-year growth of 34.51%[68] - The net profit attributable to shareholders was 166 million yuan, reflecting a year-on-year increase of 6.38%[68] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,027,792,078.82, which is a 14.84% increase from ¥5,248,667,608.35 at the end of the previous year[24] - The net assets attributable to shareholders of the listed company increased to ¥2,827,213,387.82, a 1.08% rise from ¥2,797,066,863.57 at the end of the previous year[24] - The company reported a significant increase in short-term borrowings, which rose by 102.66% to ¥1,041,969,375.38 from ¥514,147,520.27[90] - The inventory level increased by 41.02% to ¥1,203,317,005.18 from ¥853,294,995.86, attributed to growth in sales orders[90] - The total amount of overseas assets was ¥3,671,247,698.47, accounting for 60.91% of total assets[102] Business Operations - The company’s main business focuses on ergonomic seating solutions, including office chairs, sofas, and massage chairs, positioning it as a leading developer and manufacturer in the domestic market[37] - The company aims to expand its market presence and enhance product offerings in response to the growing demand for ergonomic furniture solutions[37] - The company has implemented a dual production model of MTO (Make to Order) and MTS (Make to Stock) to meet diverse customer demands[49] - The company has a strong supply chain management system, optimizing procurement and reducing costs through strategic partnerships with suppliers[55] - The company is transitioning from manufacturing to operations, aiming to become a world-class home furnishing enterprise[68] Research and Development - Research and development expenses rose by 42.25% to ¥87,924,681.34 from ¥61,811,761.65, reflecting increased R&D spending and personnel costs[86] - The company has developed a 360-degree massage chair with a top-tier 2D mechanical massage mechanism, providing a realistic massage experience[45] - The company has established a global R&D, design, manufacturing, sales, and after-sales service model, focusing on OEM and ODM, while enhancing product innovation and brand development[48] - As of June 30, 2021, the company holds 885 valid domestic patents, including 16 invention patents and 648 design patents, along with 78 overseas patents[62] Environmental and Social Responsibility - The company has established distributed photovoltaic power generation projects across five production bases, generating a total of 3.0113 million kWh in the first half of 2021, which reduced energy consumption by 918.46 tons of standard coal and decreased carbon dioxide emissions by 7,829.49 tons[143] - The company has implemented ISO14001 environmental management system and 6S production site management to ensure product environmental health and compliance with emission standards[142] - The company has been recognized as a "Four-Star Green Factory" in Huzhou City since 2018, emphasizing its commitment to green manufacturing and sustainable development[141] - The company promotes energy-saving measures such as using LED lights in production areas and replacing traditional heating methods with ambient water treatment for waste gas[143] - The company has organized tree planting activities to promote environmental awareness and contribute to ecological conservation[141] Shareholder and Corporate Governance - The company has a lock-up period for shares held by major shareholders, lasting from November 21, 2017, to May 21, 2021, during which no transfers or repurchases are allowed[151] - After the lock-up period, shareholders can reduce their holdings by no more than 10% of their shares at the end of the previous year, with a minimum selling price equal to the issue price[151] - The company has committed to avoiding any competition with its subsidiaries and will take necessary actions to exit any competitive business if required[153] - Shareholders are obligated to adhere to fair and reasonable terms in any related party transactions, ensuring no undue benefits are sought[157] - The company will not allow any non-operational use of funds by major shareholders and will enforce repayment of any such funds with interest[157] Market and Sales - The furniture manufacturing industry saw a revenue increase of 29.4% year-on-year, reaching 364.08 billion RMB in the first half of 2021[33] - The export value of furniture and its parts reached 226.4 billion RMB, marking a 44.5% year-on-year growth in the first half of 2021[36] - Domestic sales revenue reached 282 million yuan, up 26.77% year-on-year, while overseas sales revenue was 2.115 billion yuan, increasing by 25.54%[68] - The office furniture category generated 1.495 billion yuan, accounting for 62.40% of total revenue, while the soft furniture category contributed 551 million yuan, or 23.00%[69] - The company's products are primarily exported, with an export sales ratio of approximately 88%[120] Challenges and Risks - The company has outlined various risks and corresponding measures in the report, urging investors to be cautious[8] - The company faced production interruptions in its Vietnam subsidiary due to COVID-19 restrictions, with some production lines suspended in August[126] - The company has implemented strict safety measures to protect employees and is focusing on developing the domestic market to mitigate the impact of the pandemic[126] - The foreign exchange loss during the reporting period amounted to 25.67 million yuan, primarily due to loans to overseas subsidiaries and joint ventures[120] - The impact of exchange rate fluctuations on the company's gross profit margin was approximately -2%[120]

2021 年第一季度报告 公司代码：603661 公司简称：恒林股份 恒林家居股份有限公司 2021 年第一季度报告 1 / 25 2021 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 25 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王江林、主管会计工作负责人朱思东及会计机构负责人（会计主管人员）王学明 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------------|---------------- ...

恒林家居股份有限公司 2020 年年度报告 公司代码：603661 公司简称：恒林股份 恒林家居股份有限公司 2020 年年度报告 1 / 221 恒林家居股份有限公司 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王江林、主管会计工作负责人朱思东及会计机构负责人（会计主管人员）王学明 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经第五届董事会第二十六次会议审议，公司 2020 年度利润分配预案拟定如下： 公司于 2020 年 3 月 23 日召开第五届董事会第十七次会议，审议通过了《关于以集中竞价交 易方式回购公司股份方案的议案》，截至 2020 年 12 月 31 日，公司累计回购金额 50,796,518.52 元（不含交易费用）。按照《上海证券交易所上市公司回购股份 ...

[Important Notice](index=3&type=section&id=%E4%B8%80%E3%80%81%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The board, supervisors, and management guarantee the report's accuracy, and the Q3 2020 report is unaudited - The company's board of directors, supervisory board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions[14](index=14&type=chunk) - The company's responsible person, head of accounting, and head of accounting department all guarantee the truthfulness, accuracy, and completeness of the financial statements[16](index=16&type=chunk) - This company's Q3 2020 report is unaudited[17](index=17&type=chunk) [Company Profile](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial performance and shareholder structure for the reporting period [Key Financial Data](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company reported strong Q1-Q3 2020 performance, with revenue up **65.24%** and net profit up **38.43%** Key Financial Data for Q1-Q3 2020 | Indicator | Year-to-Date (Jan-Sep) (Yuan) | Prior Year Period (Jan-Sep) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 3,225,599,200.80 元 | 1,952,103,657.59 元 | 65.24% | | **Net Profit Attributable to Shareholders** | 301,959,999.28 元 | 218,129,207.15 元 | 38.43% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 277,702,324.38 元 | 171,482,103.50 元 | 61.94% | | **Net Cash Flow from Operating Activities** | 260,714,103.09 元 | 98,403,815.65 元 | 164.94% | | **Basic Earnings Per Share (Yuan/share)** | 3.04 | 2.20 | 38.18% | | **Weighted Average Return on Net Assets (%)** | 11.40% | 9.20% | 增加 2.2 个百分点 | - During the reporting period, the company's total non-recurring gains and losses amounted to **24.26 million Yuan**, primarily from government subsidies (**10.71 million Yuan**) and gains from entrusted investments or asset management (**19.28 million Yuan**)[21](index=21&type=chunk)[24](index=24&type=chunk) [Shareholder Information](index=5&type=section&id=2.2%20%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) The company's shareholder structure is highly concentrated, with controlling shareholder Wang Jianglin holding **59.04%** of shares Top Five Shareholders' Holdings | Shareholder Name | Shares Held at Period End | Proportion (%) | | :--- | :--- | :--- | | Wang Jianglin | 59,041,333 | 59.04 | | Anji Henglin Commercial Co., Ltd. | 11,250,000 | 11.25 | | Henglin Home Furnishings Co., Ltd. Repurchase Special Securities Account | 1,434,509 | 1.43 | | Shanghai Yuyi Asset Management Partnership (Limited Partnership) - Dongfang Dianzan Securities Investment Fund | 1,229,248 | 1.23 | | Wang Yaqin | 750,000 | 0.75 | - Controlling shareholder Wang Jianglin, Anji Henglin Commercial Co., Ltd. (established by Wang Jianglin and spouse), and Wang Yaqin (Wang Jianglin's sister) are acting in concert[28](index=28&type=chunk) [Significant Events](index=6&type=section&id=%E4%B8%89%E3%80%81%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details major changes in key financial statement items and indicators, along with their underlying causes [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=6&type=section&id=3.1%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant changes in financial items reflect rapid business expansion, with notable increases in assets, liabilities, and operating revenue Balance Sheet Key Item Changes and Reasons | Item | Change (%) | Main Reason | | :--- | :--- | :--- | | Construction in Progress | 152.67% | Due to new factory construction | | Intangible Assets | 59.51% | Due to increased land use rights from consolidating Henglin Vietnam | | Short-term Borrowings | 490.35% | Due to increased bank borrowings | | Notes Payable | 421.75% | Due to increased bank acceptance bills for goods payment | Income Statement Key Item Changes and Reasons | Item | Change (%) | Main Reason | | :--- | :--- | :--- | | Operating Revenue | 65.24% | Due to increased sales orders | | Selling Expenses | 253.14% | Due to increased sales orders leading to higher freight and other expenses | | Financial Expenses | -364.38% | Due to exchange rate fluctuations and increased borrowing interest during the reporting period | | Investment Income | 83.16% | Due to increased investment income from Yongyu Vietnam and Zhejiang Yongyu | Cash Flow Statement Key Item Changes and Reasons | Item | Change (%) | Main Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 164.94% | Due to sales revenue growth, accelerated accounts receivable collection, and contributions from newly acquired subsidiaries | | Net Cash Flow from Investing Activities | -210.47% | Due to increased cash payments for the acquisition of fixed assets, intangible assets, etc. | | Net Cash Flow from Financing Activities | -37.88% | Due to repayment of borrowings and share repurchases | [Appendix](index=9&type=section&id=%E5%9B%9B%E3%80%81%20%E9%99%84%E5%BD%95) This section provides the company's unaudited financial statements and details on accounting standard changes [Financial Statements](index=9&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited consolidated and parent company financial statements as of September 30, 2020 [Consolidated Balance Sheet](index=9&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2020, consolidated total assets were **4.74 billion Yuan**, with a **40.53%** asset-liability ratio Consolidated Balance Sheet Key Data (September 30, 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Total Assets | 4,742,630,855.55 | | Total Liabilities | 1,922,358,472.89 | | Total Equity Attributable to Parent Company Owners | 2,732,044,128.25 | [Parent Company Balance Sheet](index=11&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2020, the parent company's total assets were **3.69 billion Yuan** and total liabilities **1.29 billion Yuan** Parent Company Balance Sheet Key Data (September 30, 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Total Assets | 3,688,546,685.48 | | Total Liabilities | 1,291,451,750.75 | | Total Owner's Equity | 2,397,094,934.73 | [Consolidated Income Statement](index=14&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1-Q3 2020, the company reported total operating revenue of **3.23 billion Yuan** and net profit attributable to parent shareholders of **302 million Yuan** Consolidated Income Statement Key Data (Jan-Sep 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 3,225,599,200.80 | | Operating Profit | 363,437,934.51 | | Total Profit | 362,116,048.43 | | Net Profit Attributable to Parent Company Shareholders | 301,959,999.28 | [Parent Company Income Statement](index=17&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1-Q3 2020, the parent company reported operating revenue of **1.45 billion Yuan** and net profit of **188 million Yuan** Parent Company Income Statement Key Data (Jan-Sep 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Operating Revenue | 1,448,414,823.07 | | Operating Profit | 217,123,937.64 | | Total Profit | 215,892,347.64 | | Net Profit | 188,266,455.41 | [Consolidated Cash Flow Statement](index=19&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1-Q3 2020, net cash flow from operating activities was **261 million Yuan**, with a period-end cash balance of **729 million Yuan** Consolidated Cash Flow Statement Key Data (Jan-Sep 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 260,714,103.09 | | Net Cash Flow from Investing Activities | -304,382,742.49 | | Net Cash Flow from Financing Activities | 183,291,567.95 | | Period-End Cash and Cash Equivalents Balance | 728,768,879.34 | [Parent Company Cash Flow Statement](index=21&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1-Q3 2020, the parent company's net cash flow from operating activities was **365 million Yuan**, with a period-end cash balance of **397 million Yuan** Parent Company Cash Flow Statement Key Data (Jan-Sep 2020) | Indicator | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 364,534,905.13 | | Net Cash Flow from Investing Activities | -387,992,808.45 | | Net Cash Flow from Financing Activities | 145,040,882.68 | | Period-End Cash and Cash Equivalents Balance | 396,766,094.30 | [Explanation of Accounting Standard Changes](index=22&type=section&id=4.2%202020%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E6%94%B6%E5%85%A5%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) Effective January 1, 2020, the company adopted new revenue standards, reclassifying 'Advances from Customers' to 'Contract Liabilities' - Under the new revenue standard, the company reclassified 'Advances from Customers' to 'Contract Liabilities'[88](index=88&type=chunk)[94](index=94&type=chunk) Consolidated Statement Key Adjustment Items | Statement Item | Before Adjustment (Dec 31, 2019) (Yuan) | After Adjustment (Jan 1, 2020) (Yuan) | Adjustment Amount (Yuan) | | :--- | :--- | :--- | :--- | | Advances from Customers | 48,575,404.84 元 | 0 | -48,575,404.84 元 | | Contract Liabilities | 0 | 48,575,404.84 元 | +48,575,404.84 元 |

公司代码：603661 公司简称：恒林股份 2020 年半年度报告 恒林家居股份有限公司 2020 年半年度报告 1 / 165 2020 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王江林、主管会计工作负责人朱思东及会计机构负责人（会计主管人员）朱思东 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中基于对未来政策和经济的主观假定和判断而作出的未来计划、发展战略等前瞻性描述不 构成公司对投资者的实质承诺，敬请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第四节"经营情况讨论与分析" 中其他披露事项中可能面对的 ...

2020 年第一季度报告 公司代码：603661 公司简称：恒林股份 恒林家居股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |--------------| | | | 重要提示 | | 公司基本情况 | | 重要事项 | | 附录 | 2 / 25 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王江林、主管会计工作负责人朱思东及会计机构负责人（会计主管人员）朱思 东保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------------|------ ...