证券代码：603868 证券简称：飞科电器 公告编号：2023-016 上海飞科电器股份有限公司 关于公司高新技术企业认定相关事项的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 近日，上海市高新技术企业认定办公室发布了《关于公示 2023 年度上海市 第二批拟认定高新技术企业名单的通知》，根据科技部、财政部、国家税务总局 《高新技术企业认定管理办法》（国科发火〔2016〕32 号）、《高新技术企业认定 管理工作指引》（国科发火〔2016〕195 号）、《上海市高新技术企业认定管理实 施办法》（沪科合（2021）21 号）的有关规定，上海飞科电器股份有限公司（以 下简称"公司"）被列入 2023 年度上海市第二批拟认定高新技术企业公示名单， 公示期为 10 个工作日，目前公示期已结束。 根据上述规定，对于公示期无异议的，相关部门将予以备案，备案完成核发 证书编号，后续向企业颁发统一印制的《高新技术企业证书》。 根据《高新技术企业认定管理办法》、《企业所得税法》等有关规定，企业自 获得高新技术企业认定所在年度起连续三 ...

证券代码：603868 证券简称：飞科电器 公告编号：2023-014 上海飞科电器股份有限公司（以下简称"公司"）已于 2023 年 8 月 25 日在上 海证券交易所网站（www.sse.com.cn）披露公司 2023 年半年度报告，为便于 广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计 划于 2023 年 9 月 22 日 上午 9:00-10:00 举行 2023 年半年度业绩说明会，就 投资者关心的问题进行交流。 一、 业绩说明会类型 本次业绩说明会以网络文字互动方式召开，公司将针对 2023 年半年度经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 业绩说明会召开的时间、地点 上海飞科电器股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 9 月 15 日（星期五）至 9 月 21 日（星期四）16:00 前 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥2,673,567,928.92, representing a 17.30% increase compared to ¥2,279,309,271.08 in the same period last year[15]. - Net profit attributable to shareholders for the first half of 2023 was ¥608,275,844.69, up 33.43% from ¥455,868,980.63 in the previous year[16]. - The net cash flow from operating activities increased significantly by 122.37%, amounting to ¥888,704,643.68 compared to ¥399,658,832.48 in the same period last year[16]. - Basic earnings per share for the first half of 2023 were ¥1.40, a 33.33% increase from ¥1.05 in the same period last year[17]. - The weighted average return on net assets rose to 16.96%, an increase of 2.70 percentage points compared to 14.26% in the previous year[17]. - The total assets at the end of the reporting period were ¥4,119,185,965.88, down 5.23% from ¥4,346,536,456.22 at the end of the previous year[16]. - The net assets attributable to shareholders decreased by 7.67%, totaling ¥3,165,336,805.05 compared to ¥3,428,138,937.72 at the end of the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥506,138,258.61, reflecting an 18.18% increase from ¥428,286,173.97 in the same period last year[16]. - The diluted earnings per share also stood at ¥1.40, consistent with the basic earnings per share, indicating strong performance[17]. Sales and Market Performance - In the first half of 2023, the retail sales of electric shavers reached 4.85 billion RMB, a year-on-year increase of 22.7%[20]. - The retail sales of hair dryers amounted to 3.92 billion RMB, growing by 26.3% year-on-year[20]. - The retail sales of electric toothbrushes were 2.86 billion RMB, reflecting an 8.3% year-on-year increase[20]. - The company's outsourcing production accounted for 34.86% of total output in the first half of 2023, a decrease of 9.94 percentage points compared to the previous year[24]. - The online retail sales in China reached 7.16 trillion RMB in the first half of 2023, with a year-on-year growth of 13.1%[20]. - The cumulative live-streaming sales on key e-commerce platforms reached 1.27 trillion RMB, with over 110 million live-streaming sessions[20]. - The sales proportion of mid-to-high-end products increased to 51.0%, a rise of 10.4 percentage points year-on-year[32]. Research and Development - The company focuses on R&D innovation and brand operation as its core competitive advantages[26]. - The company launched 6 new product series and applied for 76 new patents, bringing the total to 593 patents, an increase of 75 from the previous year[33]. - Research and development expenses rose by 16.27% to ¥51,522,406.15, compared to ¥44,313,533.40 in the previous year[41]. Marketing and Distribution - The company has established a multi-channel marketing system, covering 31 provinces and maintaining good relationships with major retailers like Walmart and JD.com[30]. - The online marketing strategy has been enhanced, focusing on "C-end" reforms and improving consumer data analysis capabilities[34]. - The company has optimized its KA channel marketing model, converting distributors into operational service providers to reduce costs[36]. - The multi-brand strategy has strengthened the company's market position, with the "Bole" brand achieving a revenue increase of 143.86% in the first half of 2023[38]. Financial Management - The company reported a significant increase in sales and marketing expenses, which rose by 37.91% to ¥731,934,007.21, compared to ¥530,745,022.75 in the previous year[41]. - The company's financial expenses decreased slightly by 2.01%, resulting in a net financial expense of -¥3,700,423.68[41]. - The company has liquidated six subsidiaries during the reporting period, indicating a strategic shift in its investment approach[46]. - The company did not propose any profit distribution or capital reserve increase for the reporting period[58]. Risks and Challenges - The company faces risks due to high product concentration, primarily relying on electric shavers and hair dryers, which could lead to performance declines if market conditions worsen[51]. - Fluctuations in raw material prices directly affect product costs and profitability, with the company leveraging brand premium and procurement advantages to mitigate these risks[53]. - Rising labor costs present challenges, but the company is implementing measures to enhance production efficiency and product value to offset these pressures[55]. Environmental Responsibility - The company emphasizes environmental responsibility, implementing measures to reduce waste and energy consumption[63]. - The company is committed to continuous improvement in energy efficiency and has signed contracts to reduce energy consumption in operations[63]. - The company has not disclosed any environmental penalties or issues during the reporting period, indicating compliance with regulations[61]. Shareholder Information - The total number of ordinary shareholders reached 7,497 by the end of the reporting period[76]. - The top shareholder, Shanghai Feike Investment Co., Ltd., holds 80.99% of the shares, with a total of 352,800,000 shares[77]. - The second-largest shareholder, Li Gaiteng, holds 9.00% of the shares, totaling 39,200,000 shares[77]. Accounting and Compliance - The financial statements have been prepared in accordance with the accounting standards issued by the Ministry of Finance[108]. - The company has implemented a new accounting policy effective from January 1, 2023, regarding deferred income tax liabilities and assets related to individual transactions[171]. - The company has not made any changes to significant accounting estimates for the reporting period[172].

Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,373,916,955.57, representing a year-on-year increase of 22.73%[4] - The net profit attributable to shareholders was RMB 320,243,206.91, reflecting a growth of 35.30% compared to the same period last year[4] - Basic earnings per share for the quarter were RMB 0.74, up by 37.04% from the previous year[4] - The company's net profit for Q1 2023 reached CNY 320,243,206.91, an increase of 35.4% compared to CNY 236,482,617.87 in Q1 2022[18] - Operating profit for Q1 2023 was CNY 377,600,736.32, up from CNY 311,519,175.19 in the same period last year, reflecting a growth of 21.2%[18] - Total revenue from operating activities amounted to CNY 1,609,624,698.14, compared to CNY 1,246,694,971.95 in Q1 2022, indicating a year-over-year increase of 29.1%[20] - The company reported a total comprehensive income of CNY 320,243,206.91 for Q1 2023, compared to CNY 236,482,617.87 in Q1 2022, marking a growth of 35.4%[19] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.74, up from CNY 0.54 in Q1 2022, representing a 37.0% increase[19] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 577,954,035.47, a significant increase of 743.46% year-on-year[4] - Cash and cash equivalents increased by 42.17% due to improved sales and cash flow conditions[7] - The company's cash and cash equivalents increased to ¥722,074,896.69 as of March 31, 2023, compared to ¥507,897,776.44 at the end of 2022, representing a 42.0% growth[13] - Cash flow from operating activities generated a net amount of CNY 577,954,035.47, significantly higher than CNY 68,522,077.23 in Q1 2022[21] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 722,074,896.69, an increase from CNY 424,946,840.24 at the end of Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 4,598,801,492.80, an increase of 5.80% from the end of the previous year[5] - The equity attributable to shareholders increased to RMB 3,748,443,155.93, marking a 9.34% rise compared to the previous year-end[5] - The total assets of the company increased to ¥4,598,801,492.80 as of March 31, 2023, compared to ¥4,346,536,456.22 at the end of 2022, marking a growth of 5.8%[15] - The total liabilities decreased to ¥850,358,336.87 from ¥918,397,518.50, a reduction of 7.4%[15] Expenses - The company reported a significant increase in sales expenses by 43.65%, attributed to higher advertising and promotional costs[7] - Total operating costs for Q1 2023 were ¥1,015,070,173.92, up from ¥822,514,470.59 in Q1 2022, reflecting a 23.5% increase[16] - Research and development expenses for Q1 2023 were ¥23,222,770.42, slightly up from ¥22,533,430.00 in Q1 2022, reflecting a 3.1% increase[16] Other Financial Metrics - The weighted average return on equity was 8.92%, an increase of 1.43 percentage points year-on-year[4] - Non-recurring gains and losses totaled RMB 40,803,927.73 for the quarter, primarily due to government subsidies received[6] - The company's interest income for Q1 2023 was CNY 1,456,360.43, up from CNY 1,229,321.76 in Q1 2022, reflecting a growth of 18.5%[18] - The company's total assets impairment loss for Q1 2023 was CNY 8,083,598.09, slightly down from CNY 8,680,691.67 in Q1 2022[18] - The company reported a significant decrease in accounts payable, which fell to ¥347,948,984.56 from ¥510,483,624.81, a decline of 31.8%[14] - Accounts receivable decreased to ¥227,877,583.61 from ¥277,426,841.95, a decline of 17.9%[13] - Inventory levels decreased significantly to ¥432,014,127.86 from ¥652,453,470.00, a reduction of 33.7%[13]

Financial Performance - The company achieved operating revenue of RMB 4,627,133,751.96 in 2022, representing a year-on-year increase of 15.53%[18]. - Net profit attributable to shareholders was RMB 822,977,243.54, up 28.45% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses reached RMB 771,272,173.00, reflecting a growth of 32.04% year-on-year[18]. - The company reported a weighted average return on equity of 25.73%, an increase of 3.64 percentage points from the previous year[19]. - The company's total revenue reached ¥4,613,215,018.82, representing a year-on-year increase of 15.46%[45]. - The gross margin improved to 53.60%, an increase of 6.68 percentage points compared to the previous year[45]. - The revenue from personal care appliances was ¥4,347,299,091.86, with a year-on-year increase of 17.53%[45]. - The company's operating revenue for the reporting period reached CNY 4,627,133,751.96, representing a year-on-year increase of 15.53%[41]. Dividend Distribution - The company plans to distribute a cash dividend of 20.00 RMB per 10 shares, totaling 871,200,000.00 RMB based on a total share capital of 435,600,000 shares as of December 31, 2022[3]. - The total cash dividend amount (including tax) is RMB 871,200,000, which accounts for 105.86% of the net profit attributable to ordinary shareholders in the consolidated financial statements[108]. - The company has a stable and positive cash dividend policy, ensuring continuous cash returns to shareholders[106]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[2]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[2]. - The company has not reported any significant changes in its financial reporting due to the implementation of new accounting standards[127]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022[151]. Risk Management - The company has not identified any risks that could prevent more than half of the board members from ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company has not reported any significant risks that could impact its future development[5]. - The company faces risks from macroeconomic fluctuations, which could impact consumer demand and disposable income[74]. - The company has a high product concentration risk, primarily relying on electric shavers and hair dryers, which could affect performance if market conditions change[75]. Product Development and Innovation - A total of 17 new product series were launched during the reporting period, with 155 new patent applications filed, bringing the total patents to 518[26]. - The company aims to focus on product innovation and brand operation to cater to the preferences of younger consumers[25]. - The company plans to enhance online marketing strategies and improve operational capabilities on e-commerce platforms[26]. - The company emphasizes the importance of innovation and differentiation in product development to address market competition and consumer trends towards smart and high-end appliances[65]. Marketing and Sales Strategy - The company has established a multi-channel marketing system, including partnerships with major e-commerce platforms like Taobao and JD.com, enhancing brand visibility and consumer interaction[39]. - The company is focusing on product upgrades and enhancing its self-operated e-commerce and content marketing strategies to drive revenue growth[42]. - The company has expanded its offline experiential retail stores, focusing on the Yangtze River Delta region, to enhance consumer engagement and brand image[27]. - The company will continue to optimize its marketing strategy focusing on channel sales, regional market management, and refined marketing management to enhance market penetration and share[69]. Financial Position - Total assets at the end of 2022 were RMB 4,346,536,456.22, a 4.30% increase from the end of 2021[18]. - The company's total assets reached ¥4,346,536,456.22, an increase from ¥4,167,374,649.48 in 2021, reflecting a growth of about 4.3%[164]. - The company's total liabilities decreased to ¥918,397,518.50 in 2022 from ¥1,126,262,805.50 in 2021, a reduction of approximately 18.5%[163]. - The company's equity increased to ¥3,118,093,537.88 in 2022, up from ¥2,843,463,614.37 in 2021, indicating a growth of 9.7%[167]. Corporate Governance - The company is led by a diverse board with significant experience in various industries, including finance, law, and management[87][88]. - The company has established various specialized committees, including an Audit Committee and a Strategic Committee, to enhance governance[97]. - The independent directors bring extensive experience from various sectors, enhancing corporate governance and oversight[87]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 9.7948 million[92]. Environmental and Social Responsibility - The company invested RMB 5.1365 million in environmental protection during the reporting period[114]. - The company has received honors such as "Water-saving Enterprise" and "Green Factory" in Wuhu City for its environmental initiatives[117]. - The company has implemented measures to reduce carbon emissions through the use of low-carbon technologies in production processes[118]. - The total investment in social responsibility projects amounted to RMB 6.8328 million, including RMB 6.3396 million in funds and RMB 493,200 in material donations[120]. Research and Development - The company’s R&D expenses decreased by 32.67% to CNY 88,826,910.78, reflecting a reduction in investment in molds and materials[41]. - The number of R&D personnel was 166, representing 4.55% of the total workforce, with a majority holding bachelor's degrees[53]. - The total R&D investment accounted for 1.92% of operating revenue, with no capitalized R&D expenditures reported[52]. - The company plans to focus on product technology research and development, particularly in personal care appliances, to maintain its industry-leading position[67].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,434,800,791.95, representing a year-on-year increase of 29.04%[4] - The net profit attributable to shareholders for Q3 2022 was ¥286,184,908.32, reflecting a year-on-year growth of 51.46%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥270,920,989.34, an increase of 50.48% compared to the same period last year[4] - The basic earnings per share for Q3 2022 was ¥0.66, up 53.49% year-on-year[5] - The diluted earnings per share for Q3 2022 was also ¥0.66, showing a 53.49% increase from the previous year[5] - The weighted average return on equity for Q3 2022 was 8.93%, an increase of 2.20 percentage points year-on-year[5] - Total operating revenue for the first three quarters of 2022 reached RMB 3,714,110,063.03, a 29.7% increase from RMB 2,862,781,756.35 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was RMB 741,608,161.93, up 47.8% from RMB 501,729,525.61 in the previous year[19] - Operating profit increased to RMB 946,046,381.87, representing a 50.9% rise compared to RMB 627,067,965.71 in the prior year[18] - The total profit for the first three quarters of 2022 was RMB 980,071,207.75, a 45.5% increase from RMB 673,231,525.07 in the previous year[19] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,327,151,871.35, a 3.83% increase from the end of the previous year[5] - As of September 30, 2022, the total assets of the company amounted to CNY 4,327,151,871.35, an increase from CNY 4,167,374,649.48 at the end of 2021, representing a growth of approximately 3.84%[16] - The total liabilities decreased to CNY 979,435,980.95 from CNY 1,126,262,805.50, a reduction of approximately 13.0%[17] - The company's current assets totaled CNY 2,547,386,257.31, compared to CNY 2,369,397,496.68 at the end of 2021, marking a growth of about 7.5%[15] - The non-current assets slightly decreased to CNY 1,779,765,614.04 from CNY 1,797,977,152.80, reflecting a decline of approximately 1.0%[16] Shareholder Equity - The equity attributable to shareholders at the end of Q3 2022 was ¥3,347,715,890.40, reflecting a 10.04% increase compared to the end of the previous year[5] - The company's retained earnings increased to CNY 2,002,455,241.08 from CNY 1,696,001,352.13, representing a growth of about 18.0%[17] - The total equity attributable to shareholders rose to CNY 3,347,715,890.40 from CNY 3,042,234,884.48, indicating an increase of approximately 10.0%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥656,748,235.56, representing an increase of 81.75%[5] - Cash flow from operating activities generated RMB 656,748,235.56, an increase of 81.8% from RMB 361,341,559.25 in the previous year[20] - The company achieved a net cash inflow from operating activities of RMB 4,117,201,716.95, compared to RMB 3,178,766,457.97 in the same period last year[20] - The net cash flow from investing activities was -$185,969,205.92, compared to -$100,423,693.46 in the previous year, indicating a significant increase in cash outflow for investments[21] - The total cash outflow from financing activities was $440,811,118.86, slightly higher than $439,537,754.85 in the previous year, reflecting stable financing costs[21] - The net increase in cash and cash equivalents was $31,804,691.26, contrasting with a decrease of $178,673,112.86 in the same period last year, showing improved liquidity[21] - The cash and cash equivalents at the end of the period totaled $379,857,967.30, up from $234,620,734.67 a year earlier, indicating a stronger cash position[21] Expenses - Research and development expenses decreased to RMB 69,749,416.17, down 19.5% from RMB 86,598,813.23 in the same period last year[18] - Sales expenses rose to RMB 850,324,922.87, a 57.6% increase from RMB 539,192,745.00 in the same period of 2021[18] Other Information - The company reported a significant increase in net profit due to product upgrades and higher average prices, leading to revenue growth outpacing cost increases[7] - The company's short-term borrowings and other financial liabilities were not reported, indicating a focus on maintaining liquidity and reducing debt levels[17] - The company reported a cash payment of $435,600,000.00 for dividends, consistent with the previous year, indicating stable shareholder returns[21] - The impact of exchange rate changes on cash and cash equivalents was $1,836,780.48, compared to -$53,223.80 in the previous year, reflecting favorable currency movements[21] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[21]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,279,309,271.08, representing a 30.18% increase compared to CNY 1,750,888,670.04 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 455,868,980.63, up 45.23% from CNY 313,899,918.13 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 428,286,173.97, reflecting a 56.39% increase from CNY 273,864,400.09 year-on-year[17]. - The net cash flow from operating activities was CNY 399,658,832.48, an increase of 86.46% compared to CNY 214,335,124.46 in the same period last year[17]. - Basic earnings per share for the reporting period increased by 45.83% to CNY 1.05 compared to CNY 0.72 in the same period last year[18]. - The weighted average return on equity rose by 3.50 percentage points to 14.26% from 10.76% year-on-year[18]. - The company reported a total non-recurring gains and losses of CNY 27,582,806.66, after accounting for tax and minority interests[19]. - The total operating revenue for the first half of 2022 reached ¥2,279,309,271.08, a 30.1% increase from ¥1,750,888,670.04 in the same period of 2021[89]. - Net profit for the first half of 2022 was ¥455,423,253.62, representing a 45.5% increase compared to ¥313,049,013.17 in the first half of 2021[90]. - The total comprehensive income for the first half of 2022 was ¥455,423,253.62, compared to ¥313,049,013.17 in the same period of 2021, marking a growth of 45.5%[91]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 3,062,901,121.44, a slight increase of 0.68% from CNY 3,042,234,884.48 at the end of the previous year[17]. - Total assets at the end of the reporting period were CNY 4,114,904,209.92, showing a decrease of 1.26% from CNY 4,167,374,649.48 at the end of the previous year[17]. - Total current assets amounted to CNY 2,328,349,703.89, a decrease from CNY 2,369,397,496.68 at the beginning of the period, reflecting a decline of approximately 1.73%[82]. - Cash and cash equivalents increased to CNY 654,424,435.79 from CNY 348,053,276.04, representing a growth of about 88%[82]. - The balance of trading financial assets decreased to CNY 478,160,304.41 from CNY 895,566,455.49, indicating a reduction of approximately 46.4%[82]. - Total liabilities decreased from ¥1,126,262,805.50 to ¥1,053,571,855.99, a reduction of about 6.45%[85]. - Current liabilities decreased from ¥1,027,405,166.47 to ¥952,263,049.61, a decrease of approximately 7.31%[85]. - Contract liabilities increased from ¥37,857,989.61 to ¥81,658,292.54, an increase of approximately 115.00%[85]. Marketing and Sales Strategy - The company has established a multi-channel marketing strategy, with 463 offline distributors as of June 30, 2022[24]. - The company has optimized its KA channel marketing model, converting original distributors into operational service providers[34]. - The online marketing strategy has been enhanced, focusing on C-end marketing and partnerships with platforms like Taobao and JD.com[32]. - Sales expenses increased by 66.67% to CNY 530,745,022.75, reflecting intensified marketing efforts[39]. - The company has focused on emotional marketing strategies during key holidays, enhancing brand image and driving sales[30]. Research and Development - The company launched 14 new products during the reporting period, with R&D expenses amounting to CNY 44,313,500 and 88 new patents applied for[31]. - The company has multiple R&D centers focusing on various product categories to enhance innovation and meet consumer demands[26]. - Research and development expenses for the first half of 2022 were ¥44,313,533.40, down from ¥53,244,821.25 in the same period of 2021, a decrease of 16.7%[89]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations and regulatory changes affecting product market entry[48]. - The company's main products are electric shavers and hair dryers, which pose a risk due to concentrated sales; any adverse changes in these industries could lead to a decline in performance[49]. - Fluctuations in raw material prices directly impact product costs and profitability; the company aims to leverage brand premium and procurement advantages to mitigate these risks[51]. - Rising labor costs due to market fluctuations and structural imbalances are a concern; the company is adjusting production capacity and improving efficiency to counteract these pressures[53]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 7,523[76]. - The largest shareholder, Shanghai Feike Investment Co., Ltd., holds 352,800,000 shares, accounting for 80.99% of the total shares[77]. - The actual controller, Li Gaiteng, holds 39,200,000 shares, representing 9.00% of the total shares[77]. - Kuwait Investment Authority reduced its holdings by 803,600 shares, now holding 5,023,049 shares, which is 1.15%[77]. Corporate Governance - The company has not disclosed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[3]. - There are no significant risks or non-operating fund occupation by controlling shareholders and their related parties reported[4]. - The report period covers January to June 2022, and the financial report has not been audited[3]. - The company emphasizes the importance of the accuracy and completeness of the financial report, with all board members present at the meeting[2]. Cash Flow and Investments - Cash flow from operating activities generated a net amount of CNY 399,658,832.48, an increase of 86.5% compared to CNY 214,335,124.46 in the first half of 2021[95]. - The total cash inflow from investment activities was CNY 1,624,207,066.28, up from CNY 1,259,857,413.91 in the same period last year, indicating a growth of about 28.9%[95]. - The company invested ¥873,212,113.89 in various projects, which is an increase of 18.4% compared to ¥737,100,000.00 previously[99]. Accounting Policies - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[109]. - The company applies fair value measurement for financial instruments, classifying them based on the business model and cash flow characteristics at initial recognition[122]. - The company recognizes revenue when control of goods or services is transferred to the customer, based on the fulfillment of performance obligations[154]. - The company recognizes expected credit losses for financial assets using a probability-weighted present value approach, considering past events and future economic conditions[126].

Financial Performance - In 2021, the company achieved operating revenue of CNY 4,005,257,180.46, representing a year-on-year increase of 12.26%[18]. - The net profit attributable to shareholders was CNY 640,703,688.34, a slight increase of 0.38% compared to the previous year[18]. - The company achieved a production outsourcing ratio of 53.90% in 2021, indicating a significant reliance on external manufacturers for product production[36]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[101]. - The total comprehensive income for 2021 was CNY 718,591,652.20, compared to CNY 557,503,162.84 in 2020, indicating a significant increase[184]. - The company reported a total comprehensive income of RMB 557,503,162.84 for the year, contributing to an increase in undistributed profits to RMB 1,214,832,720.33[193]. Research and Development - The company's R&D investment increased by 78.12% to CNY 131,935,227.88, with 141 new patent applications and 153 patents granted during the year[26]. - The company's R&D expenses rose by 78.12% to CNY 131,935,227.88, attributed to the development of innovative products like the "Starry Sky Shaver" and "Space UFO Shaver"[45][46]. - Research and development investments have increased by 30%, focusing on sustainable technology and product efficiency improvements[101]. - The company emphasizes R&D and brand operation as core competitive advantages, continuously investing in product innovation and marketing strategies[38]. Marketing and Sales - The sales proportion of mid-to-high-end shavers reached 20.32%, with an average selling price of shavers increasing by 25.23% compared to 2020[25]. - The company launched innovative products such as the "Starry Sky Shaver" and "Portable Space UFO Shaver," which received positive market feedback[25]. - The company is leveraging social media platforms for marketing, establishing a presence on platforms like Douyin and Xiaohongshu to enhance consumer engagement and brand visibility[41]. - Direct sales revenue surged by 285.43%, significantly outpacing the decline in revenue from distribution channels[48]. Financial Management - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The company’s financial report is confirmed to be true, accurate, and complete by the responsible persons[3]. - The company has established a competitive and incentive-based salary policy, evaluating employee salaries and performance based on actual contributions and responsibilities[117]. - The company has a total of RMB 3.104 billion in bank financial products and structured deposits, with an outstanding balance of RMB 890.5 million[147]. Corporate Governance - The company has established a robust investor relations management system, facilitating communication with domestic and international investors[93]. - The company has not reported any significant differences in governance compared to regulatory requirements[93]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee, to enhance governance[110]. - The company has not faced any penalties from securities regulatory authorities in the past three years[106]. Risk Management - The company faces risks related to macroeconomic fluctuations, which could impact demand for personal care and home appliances[86]. - The company is addressing the volatility of raw material prices by leveraging brand premium and procurement advantages to mitigate cost impacts[89]. - The company is facing increasing labor costs due to structural imbalances in the labor market, which may pressure production and cost control[91]. - The company is implementing measures such as regional production capacity adjustments and automation to mitigate the impact of rising labor costs[91]. Employee Management - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to RMB 9.0431 million[105]. - Cash paid to employees increased by 30.34% to ¥399,116,051.90, attributed to the expansion of the e-commerce team and management centers[60]. - The company aims for comprehensive training coverage in 2021, focusing on internal and external training to build a skilled and innovative workforce[118]. - The company has enhanced employee welfare and benefits, improving employee satisfaction and sense of belonging[130]. Environmental Responsibility - The company is not classified as a key pollutant discharge unit and complies with national environmental protection laws and regulations[128]. - The company has signed a service agreement for the collection and transportation of industrial solid waste, which has been filed with the local environmental protection bureau[128]. - The company has passed the ISO 14001:2015 environmental management system certification, ensuring no environmental or safety production accidents during operations[131]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[128]. Future Outlook - The company plans to enhance product R&D investment, focusing on high-end upgrades for personal care appliances, including smart and fashionable products[79]. - The company aims to strengthen supply chain management to maintain quality and cost advantages, leveraging centralized procurement capabilities[80]. - The company will deepen channel reforms to improve online and offline market penetration and enhance brand promotion on social media platforms[82]. - The company is focusing on expanding its presence in overseas markets, particularly in the US, Russia, and Southeast Asia, through tailored marketing strategies[84].

Financial Performance - The company's revenue for Q1 2022 reached ¥1,119,503,032.57, representing a year-on-year increase of 27.54%[4] - Net profit attributable to shareholders was ¥236,697,954.78, reflecting a significant growth of 59.10% compared to the same period last year[4] - The basic earnings per share (EPS) for the quarter was ¥0.54, an increase of 58.82% year-on-year[4] - Total operating revenue for Q1 2022 reached ¥1,119,503,032.57, a 27.5% increase from ¥877,732,567.84 in Q1 2021[18] - Net profit for Q1 2022 was ¥236,482,617.87, representing a 59.3% increase compared to ¥148,384,156.35 in Q1 2021[20] - The total comprehensive income for Q1 2022 was ¥236,482,617.87, compared to ¥148,384,156.35 in Q1 2021, showing strong overall performance[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,062,640,454.93, a decrease of 2.51% from the end of the previous year[5] - Total assets amount to ¥4,062,640,454.93, a decrease from ¥4,167,374,649.48[15] - Total liabilities as of Q1 2022 amounted to ¥784,847,364.98, down from ¥1,126,262,805.50 in the previous year[17] - Total equity attributable to shareholders reached ¥3,279,131,467.36, an increase from ¥3,042,234,884.48 in Q1 2021[17] Cash Flow - The net cash flow from operating activities was ¥68,522,077.23, with no applicable year-on-year comparison[4] - The company experienced a 220.33% increase in net cash flow from operating activities, driven by higher sales revenue[9] - In Q1 2022, the cash inflow from operating activities was CNY 1,246,694,971.95, a significant increase from CNY 894,432,436.20 in Q1 2021, representing a growth of approximately 39.4%[22] - The net cash flow from operating activities for Q1 2022 was CNY 68,522,077.23, compared to a negative cash flow of CNY -56,945,415.19 in Q1 2021, indicating a turnaround in performance[22] - The company reported a total operating cash outflow of CNY 1,178,172,894.72 in Q1 2022, compared to CNY 951,377,851.39 in Q1 2021, highlighting increased operational expenses[22] Expenses - The company reported a 68.74% increase in selling expenses, primarily due to higher advertising and promotional costs[9] - Total operating costs for Q1 2022 were ¥822,514,470.59, up 19.3% from ¥689,370,397.27 in Q1 2021[18] - Research and development expenses for Q1 2022 were ¥22,533,430.00, up from ¥17,346,445.81 in Q1 2021, indicating a focus on innovation[18] - The company reported a significant increase in sales expenses, which rose to ¥236,778,700.54 from ¥140,323,195.57 in the previous year, reflecting increased marketing efforts[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,853[10] - Shanghai Feike Investment Co., Ltd. holds 80.99% of shares, totaling 352,800,000 shares[10] - The company has a total of 0 preferred shareholders with restored voting rights[10] - The top ten shareholders include various investment funds, with the largest being Shanghai Feike Investment Co., Ltd.[10] Cash and Cash Equivalents - The company's cash and cash equivalents amount to ¥424,946,840.24 as of March 31, 2022, compared to ¥348,053,276.04 at the end of 2021[13] - Cash and cash equivalents decreased by 31.64% due to increased investments in financial products[9] - The ending balance of cash and cash equivalents as of Q1 2022 was CNY 424,946,840.24, compared to CNY 621,624,616.05 at the end of Q1 2021, showing a decline in available cash[23]