Financial Performance - The company's operating revenue for Q3 2021 was RMB 1,111,893,086.31, representing a year-on-year increase of 9.34%[4] - The net profit attributable to shareholders for Q3 2021 was RMB 188,952,906.47, with a year-on-year increase of 2.29%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 180,036,667.02, reflecting a year-on-year increase of 0.32%[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,862,781,756.35, an increase of 14.36% compared to ¥2,504,300,681.83 in the same period of 2020[15] - Net profit for the first three quarters of 2021 was ¥501,729,525.61, up 6.5% from ¥470,450,334.52 in the previous year[16] - Operating profit for the first three quarters was ¥627,067,965.71, compared to ¥603,669,963.40 in the same period of 2020, reflecting a growth of 3.86%[15] - Basic earnings per share for Q3 2021 was RMB 0.43, with a year-on-year increase of 6.48%[5] - Basic earnings per share for the first three quarters increased to ¥1.15, compared to ¥1.08 in the same period last year[16] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was RMB 361,341,559.25, showing a decrease of 40.17% compared to the previous year[5][7] - Cash flow from operating activities generated a net amount of ¥361,341,559.25, a decrease of 40.2% from ¥603,983,792.84 in the previous year[18] - The company reported a total cash inflow from investment activities of ¥1,927,820,591.36, down from ¥2,519,829,189.82 in the previous year[18] - Cash outflow from investment activities totaled $2,455,160,372, with a net cash flow from investment activities of $64,668,817, compared to a net outflow of $100,423,693 in the previous period[19] - The company reported a net cash increase of $234,354,494.85, contrasting with a net decrease of $178,673,112.86 in the prior period[19] - The company’s cash outflow for financing activities was $439,537,754.85, with cash inflow from financing activities recorded at $1,200,000[19] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,957,832,174.04, an increase of 1.76% compared to the end of the previous year[5] - As of September 30, 2021, the company's total assets amounted to RMB 3,957,832,174.04, an increase from RMB 3,889,241,723.10 as of December 31, 2020, reflecting a growth of approximately 1.76%[12] - The company's total current assets were reported at $2,170,574,336.16, while total non-current assets reached $1,723,273,175.76[22] - The company’s total liabilities included short-term borrowings and accounts payable amounting to $723,747,857.82[22] - The total liabilities decreased slightly to RMB 1,054,310,859.78 from RMB 1,056,295,831.09, a reduction of about 0.09%[14] Shareholder Information - The equity attributable to shareholders at the end of the reporting period was RMB 2,903,622,800.46, reflecting a year-on-year increase of 2.58%[5] - The company’s retained earnings were reported at $1,490,897,663.79, contributing to a total equity of $2,830,587,950.70 attributable to shareholders[23] - The total number of ordinary shareholders at the end of the reporting period was 8,552[8] - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[8] Research and Development - Research and development expenses increased significantly to ¥86,598,813.23, representing a 65.7% rise from ¥52,252,680.02 in the same period last year[15] Government Subsidies - The company received government subsidies amounting to RMB 6,912,902.48 during the reporting period[6] Wealth Management - The company recovered a total of RMB 191,350,000 in principal from bank wealth management products, achieving a return of RMB 1,290,530 during the period from January 1, 2021, to September 30, 2021[10] - As of September 30, 2021, the company had not recovered RMB 60,850,000 in principal from bank wealth management products[10] - The company approved an increase in the investment limit for wealth management products to RMB 15 billion, allowing for the purchase of relatively stable financial products with medium and lower risk levels[10]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,750,888,670.04, representing a 17.72% increase compared to ¥1,487,374,872.21 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥313,899,918.13, up 9.63% from ¥286,333,908.64 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥273,864,400.09, an increase of 7.06% from ¥255,801,794.22 year-on-year[16]. - Basic earnings per share for the reporting period (January to June) increased by 9.09% to CNY 0.72 compared to CNY 0.66 in the same period last year[17]. - The weighted average return on equity rose to 10.76%, an increase of 0.16 percentage points from 10.60% in the previous year[17]. - The company reported a net profit of RMB -5.84 million for Shanghai Feike Personal Care Electric Co., Ltd., while Wuhu Feike Electric Co., Ltd. achieved a net profit of ¥28.91 million[49]. - The company’s total comprehensive income for the first half of 2021 was CNY 490,571,735.64, compared to CNY 242,469,172.59 in the same period of 2020, showing a growth of about 102.5%[98]. Cash Flow and Assets - The net cash flow from operating activities decreased by 38.28% to ¥214,335,124.46 from ¥347,262,446.41 in the same period last year[16]. - Total assets at the end of the reporting period were ¥3,714,356,382.72, down 4.50% from ¥3,889,241,723.10 at the end of the previous year[16]. - The balance of trading financial assets decreased by 61.89% to ¥262,294,172.10, accounting for 7.07% of total assets[39]. - Cash and cash equivalents increased to CNY 510.26 million from CNY 413.29 million, reflecting a growth of approximately 23.5% year-over-year[87]. - The total current assets as of June 30, 2021, amounted to approximately CNY 1,938.76 million, a decrease from CNY 2,170.57 million as of December 31, 2020, representing a decline of about 10.65%[87]. Liabilities and Equity - The total liabilities of the company are not specified in the provided documents, indicating a need for further financial details[87]. - The total liabilities reached CNY 1,056,295,831.09, with current liabilities at CNY 952,548,733.33 and non-current liabilities at CNY 103,747,097.76[185]. - Shareholders' equity totaled CNY 2,832,945,892.01, with CNY 1,490,897,663.79 in undistributed profits[185]. - The total equity attributable to shareholders of the parent company was ¥1,369,197,581.92, reflecting a decrease of 8.2% from ¥1,490,897,663.79 at the end of the previous year[103]. Research and Development - The company launched 63 new patents and obtained 75 authorized patents, totaling 348 authorized patents by the end of the reporting period, indicating a strong focus on R&D[31]. - Research and development expenses increased to ¥53,244,821.25, a rise of 85.5% from ¥28,749,031.53 in the first half of 2020[94]. - Research and development expenses increased to CNY 52,754,100.94 in the first half of 2021, compared to CNY 26,916,432.05 in the same period of 2020, marking a rise of about 96.5%[97]. Market and Product Strategy - The company’s main products include personal care appliances, home appliances, and electrical appliances, with a significant market share in the personal care sector[20]. - The brand "FLYCO" achieved a retail market share of 40.3% online and 47.26% offline for electric shavers in the first half of 2021[20]. - The company plans to continue expanding its product categories and investing in R&D to meet consumer demand and enhance brand recognition[24]. - The projected market size for small household appliances in China is expected to reach CNY 486.8 billion in 2021, indicating significant growth potential[19]. Operational Efficiency - The company’s production model combines in-house manufacturing and outsourcing, with 56.31% of total production outsourced in the first half of 2021[22]. - Sales expenses surged by 84.34% to CNY 318,449,962.67 due to increased investment in self-operated e-commerce and social media marketing[36]. - The average selling price of shavers increased by 16.3% year-on-year, contributing to the overall revenue growth[29]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which can impact the demand for personal care and household appliances[50]. - The company has noted that fluctuations in raw material prices could directly affect product costs and profitability[53]. - Labor cost increases pose a challenge, and the company is implementing strategies to enhance production efficiency and product value to counteract these pressures[55]. Environmental and Compliance - The company is not subject to any environmental penalties and complies with national environmental protection laws and regulations[61]. - The company emphasizes environmental protection and has implemented measures to reduce waste generation and pollution through process improvements and material recycling[62]. - The company has signed a service agreement for the collection and transportation of industrial waste, which has been filed with the local environmental protection bureau[61]. Shareholder Information - Total number of ordinary shareholders as of the end of the reporting period is 9,293[80]. - The largest shareholder, Shanghai Feike Investment Co., Ltd., holds 352,800,000 shares, accounting for 80.99% of total shares[81]. - The second largest shareholder, Li Gaiteng, holds 39,200,000 shares, representing 9.00% of total shares[81]. Accounting Policies - The financial statements have been prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[111]. - The company applies fair value measurement for financial instruments, classifying them based on the business model and cash flow characteristics[123]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[167].

Financial Performance - Total revenue for Q1 2021 reached RMB 877,732,567.84, an increase of 23.15% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 148,774,702.44, reflecting a growth of 15.05% year-on-year[4] - Basic earnings per share for the quarter were RMB 0.34, up 13.33% from RMB 0.30 in the same period last year[4] - The company reported a net profit of CNY 1,351,474,515.87 for the first quarter of 2021, up from CNY 1,214,832,720.33 in the same period of 2020, reflecting an increase of approximately 11.26%[20] - The company reported a total profit of ¥200,336,995.94 for Q1 2021, an increase of 17.0% compared to ¥171,275,450.51 in Q1 2020[23] Cash Flow - Net cash flow from operating activities was negative RMB 56,945,415.19, a decline of 144.01% compared to the previous year[4] - The net cash outflow from operating activities was approximately -$56.95 million, contrasting with a positive cash flow of $129.38 million in the same period last year[28] - The company paid approximately $951.38 million in cash outflows for operating activities, an increase of 19.4% compared to $796.58 million in Q1 2020[28] - The cash inflow from recovered investments was approximately $597.00 million, down from $948.00 million in Q1 2020, representing a decrease of 37.0%[28] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,724,657,787.70, down 4.23% from the end of the previous year[4] - Current liabilities totaled CNY 638,294,249.99, down from CNY 952,548,733.33, indicating a reduction of about 33.00%[14] - Total liabilities decreased to CNY 743,001,916.21 from CNY 1,056,295,831.09, indicating a reduction of about 29.54%[15] - Total liabilities reached approximately ¥653.7 million, with current liabilities at ¥653.3 million and non-current liabilities at ¥379.9 million[38] Shareholder Information - The company had a total of 9,517 shareholders at the end of the reporting period[6] - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[6] - Shareholders' equity increased to CNY 2,979,688,476.27 from CNY 2,830,587,950.70, reflecting a growth of approximately 5.25%[15] Expenses - Sales expenses surged by 84.45% to ¥140,323,195.57, mainly driven by higher advertising and promotional costs[10] - Research and development expenses in Q1 2021 amounted to ¥17,346,445.81, a rise of 24.0% from ¥13,911,621.99 in Q1 2020[23] - The company’s management expenses in Q1 2021 were ¥32,711,382.66, up 19.0% from ¥27,446,016.81 in Q1 2020[23] - The company’s tax expenses for Q1 2021 were ¥51,952,839.59, an increase of 22.7% from ¥42,287,405.37 in Q1 2020[23] Government Subsidies - Government subsidies recognized in the current period amounted to RMB 7,639,540.79[5] - The company received government subsidies related to non-operating activities amounting to ¥6,969,581.70, a 309.69% increase from the previous year[10] Investment Activities - Investment income increased by 43.88% to ¥4,945,019.49, attributed to new investments in joint ventures[9] - Cash inflows from investment activities totaled approximately $602.12 million, down from $951.58 million in Q1 2020, reflecting a decrease of 36.7%[28] Other Financial Metrics - The weighted average return on equity rose to 5.12%, an increase of 0.32 percentage points compared to the previous year[4] - Cash and cash equivalents increased by 50.41% to ¥621,624,616.05 compared to ¥413,293,847.53 at the end of 2020[9] - The company plans to use idle funds for wealth management, with a total limit of ¥1.3 billion approved by the board[11]

Financial Performance - The company's operating revenue for 2020 was approximately ¥3.57 billion, a decrease of 5.09% compared to ¥3.76 billion in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately ¥638.28 million, down 6.93% from ¥685.82 million in 2019[22]. - The basic earnings per share for 2020 was ¥1.47, a decline of 6.37% from ¥1.57 in 2019[21]. - The company's revenue for the reporting period was CNY 3,567.88 million, a decrease of 5.09% compared to the previous year[56]. - The operating cost was CNY 2,096.40 million, down 9.16% year-on-year, resulting in a gross margin of 41.20%, which increased by 2.58 percentage points[60]. - The company achieved sales revenue of RMB 35,678.81 million, a decrease of 5.09% compared to the previous year[187]. - Distributor revenue accounted for RMB 31,691.22 million, representing 88.94% of the main business revenue[187]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 10 RMB per 10 shares, totaling 435.6 million RMB based on a total share capital of 435,600,000 shares as of December 31, 2020[5]. - The cash dividend distribution ratio for 2020 is 68.25% of the net profit attributable to ordinary shareholders, which is 638,275,032.79 RMB[111]. - The company experienced a 33.33% decrease in cash paid for dividends, totaling 435.60 million yuan[69]. - The net cash flow from operating activities increased by 109.54% to approximately ¥979.21 million in 2020, compared to ¥467.32 million in 2019[22]. - Cash and cash equivalents at the end of the period reached 413.29 million yuan, an increase of 81.75% from the previous year[72]. - The investment activities generated a net cash flow of -CNY 358.57 million, improving by 36.05% year-on-year[56]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has maintained a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. - The internal control audit report issued by the auditing firm was a standard unqualified opinion[179]. - The company has not faced any penalties from securities regulatory agencies in the past three years[166]. - The company has not encountered any major accounting errors that require correction during the reporting period[131]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future development strategies[6]. - The company has not disclosed any significant risks that could impact its future development in the report[7]. - The company faces risks from macroeconomic fluctuations, particularly affecting demand for personal care and home appliances[100]. - Rising raw material prices may impact profitability, and the company plans to leverage brand premium and procurement advantages to mitigate this risk[103]. - The concentration of sales in electric shavers and hair dryers poses a risk, prompting the company to diversify its product lines[101]. Product Development and Innovation - The company launched multiple new products, including smart sensing electric shavers and precision temperature control hair dryers, and applied for 132 new patents, with 84 patents granted during the reporting period[46]. - The company has established a multi-dimensional product innovation matrix targeting the post-95 and post-00 generations, focusing on personalized, intelligent, and fashionable product development[46]. - The company has made significant investments in R&D, establishing multiple research centers for various product categories to improve R&D efficiency[38]. - The company plans to increase R&D investment and optimize product structure, focusing on personal care appliances and expanding into new product categories[91]. Marketing and Sales Strategy - The company implemented a "C-end" online marketing reform, significantly increasing the proportion of self-operated e-commerce sales[47]. - The company has developed a comprehensive marketing system combining KA terminals, regional distribution, and e-commerce, enhancing brand competitiveness[39]. - The company has established a self-broadcasting e-commerce operation on Douyin, enhancing its marketing strategy on social media platforms[50]. - The company has optimized its product categories and models under the "Bori" brand to highlight product strength and cost-effectiveness[51]. Corporate Governance - The company has a complete decision-making process and supervision mechanism for profit distribution, ensuring independent directors fulfill their responsibilities[110]. - The company continues to focus on maintaining strong governance and oversight through independent directors[160]. - The management team has a strong background in finance and investment, enhancing the company's strategic decision-making capabilities[160]. - The company has a diverse board with members holding various professional qualifications, including CPA and legal expertise[160]. Employee and Social Responsibility - The company emphasizes a competitive and incentive-based remuneration policy for its employees, focusing on performance and responsibilities[168]. - The company aims to provide comprehensive training for employees, with a focus on skills and management training, to align with corporate development strategies[169]. - The company has actively engaged in social responsibility initiatives, including improving employee welfare and participating in community support[140]. Investments and Subsidiaries - The company established 14 subsidiaries during the reporting period, with registered capital totaling 30,000,000 RMB across various sectors including home appliances and e-commerce[76]. - The company acquired a 15% stake in Chunmi Technology for a total expenditure of approximately 29.87 million USD, completing the share transfer and capital increase by May 9, 2020[79]. - The company plans to invest 728 million RMB in the Lishui Economic Development Zone for the establishment of the Feike Electric Lijing Garden Industrial Base, with a cumulative investment of 270.16 million RMB as of December 31, 2020[88]. Market Outlook - The small home appliance market in China is projected to reach ¥486.8 billion in 2021, driven by consumer demand for health-oriented and fashionable products[34]. - In 2021, the company will focus on expanding its presence in the U.S. and Southeast Asia markets, enhancing channel development and marketing strategies[97].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,487,374,872.21, a decrease of 13.77% compared to ¥1,724,894,806.07 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥286,333,908.64, down 14.97% from ¥336,739,413.50 in the previous year[17]. - Basic earnings per share were ¥0.66, a decrease of 14.29% from ¥0.77 in the same period last year[18]. - The weighted average return on net assets was 10.60%, down 2.62 percentage points from 13.22% in the previous year[18]. - The company reported a total revenue of CNY 617.99 million from Wuhu Feike Electric Co., with a net profit of CNY 41.82 million for the reporting period[71]. - The total comprehensive income for the first half of 2020 was ¥285,659,251.73, down from ¥335,926,287.48 in the same period of 2019[131]. - The company reported a significant decrease in contract liabilities to ¥4,406,431.15, reflecting the implementation of new revenue recognition standards[54]. - The company reported a profit distribution of CNY -435,600,000.00, which negatively impacted retained earnings[143]. Cash Flow - The net cash flow from operating activities increased significantly by 141.23%, reaching ¥347,262,446.41 compared to ¥143,952,143.33 in the same period last year[17]. - The company reported a significant increase of 263.80% in net cash flow from investing activities, totaling CNY 106,409,265.56[51]. - In the first half of 2020, the company's cash inflow from operating activities was CNY 1,749,304,784.03, a decrease of 19.0% compared to CNY 2,159,182,747.86 in the same period of 2019[137]. - The net cash flow from investment activities was CNY 106,409,265.56, a significant improvement from a negative CNY 64,961,126.74 in the first half of 2019[138]. - The company experienced a net increase in cash and cash equivalents of CNY 18,663,802.70, contrasting with a decrease of CNY 574,243,399.18 in the same period last year[138]. Assets and Liabilities - The total assets decreased by 8.60%, amounting to ¥3,376,408,537.17 compared to ¥3,694,158,863.59 at the end of the previous year[17]. - The company's total asset of 337,640.85 million RMB at the end of the reporting period, a decrease of 8.60% compared to the beginning of the period[29]. - Total liabilities decreased from CNY 1,064,213,797.44 in December 2019 to CNY 896,104,219.29 in June 2020, a decline of about 15.8%[124]. - Current liabilities decreased from CNY 960,984,287.40 in December 2019 to CNY 793,633,249.04 in June 2020, a reduction of approximately 17.4%[124]. - The total equity attributable to the parent company at the end of the reporting period was CNY 2,480,401,567.98, a decrease of CNY 149,266,091.36 compared to the previous period[143]. Market and Product Development - The company’s product outsourcing accounted for 61.51% of total production in the first half of 2020[25]. - The company launched new products such as the FS901 electric shaver and FH6286 hair dryer, which received positive consumer feedback[40]. - The company is focusing on expanding its product categories and enhancing its market presence through a multi-category strategy in the small appliance sector[36]. - The small home appliance market in China has significant growth potential, with a reported revenue growth of 8.30% and profit growth of 20.88% in the personal care product segment[28]. - The company has established a comprehensive marketing channel with 701 distributors as of June 30, 2020[26]. Research and Development - The company invested CNY 28,749,031.53 in R&D, with a total of 228 patents held by the end of the period, including 34 new patents granted[40]. - The company emphasizes R&D innovation, participating in drafting 19 national and industry standards in personal care and home appliance sectors[32]. - Research and development expenses were ¥28,749,031.53, slightly down from ¥30,795,855.35 in the previous year[130]. Risks and Challenges - The company has faced risks related to macroeconomic fluctuations, which could impact the demand for personal care and household appliances[72]. - The concentration of sales in electric shavers and hair dryers poses a risk to the company's operations, necessitating continuous innovation and expansion into new product categories[73]. - The company plans to extend its product line from personal care appliances to include household, electrical, and kitchen appliances, which carries certain market acceptance risks[74]. Corporate Governance - The company has no plans for profit distribution or capital reserve transfer to increase share capital during the reporting period[3]. - The company has not committed any violations of promises made during the reporting period[86]. - The controlling shareholder and actual controller have made commitments regarding the non-transfer of shares for a period of three years post-IPO[88]. - The company reappointed Deloitte as the financial audit and internal control audit institution for the fiscal year 2020, with the appointment approved at the annual general meeting on May 18, 2020[100]. Compliance and Accounting - The financial statements were approved by the board of directors on August 19, 2020, ensuring compliance with accounting standards[152]. - The financial statements comply with the enterprise accounting standards and accurately reflect the financial position as of June 30, 2020[154]. - The company ensures compliance with relevant accounting standards during the transition of equity accounting methods[199].

Financial Performance - Operating income fell by 15.74% to CNY 712,760,857.06 year-on-year[4] - Net profit attributable to shareholders decreased by 20.85% to CNY 129,314,743.28 compared to the same period last year[4] - The company reported a basic earnings per share of CNY 0.30, down 21.05% from the previous year[4] - Total operating revenue for Q1 2020 was ¥712,760,857.06, a decrease of 15.7% compared to ¥845,926,911.43 in Q1 2019[19] - Net profit for Q1 2020 was ¥128,988,045.14, a decline of 20.9% from ¥162,968,227.20 in Q1 2019[19] - The total profit for Q1 2020 was ¥171,275,450.51, a decrease of 20.8% from ¥216,224,027.16 in Q1 2019[19] - The company’s total comprehensive income for Q1 2020 was ¥128,988,045.14, compared to ¥162,968,227.20 in Q1 2019[20] Cash Flow - Net cash flow from operating activities increased significantly by 241.06% to CNY 129,382,133.04[4] - The company reported cash inflow from investment activities of approximately ¥951.58 million in Q1 2020, down from ¥970.32 million in Q1 2019[25] - The net cash flow from investment activities was ¥266.65 million in Q1 2020, a turnaround from a negative cash flow of ¥491.73 million in Q1 2019[25] - The cash outflow from operating activities totaled approximately ¥796.58 million in Q1 2020, down from ¥1,416.42 million in Q1 2019, indicating improved cost management[24] - The cash inflow from sales of goods and services was approximately ¥922.18 million in Q1 2020, a decline of 36.0% from ¥1,439.57 million in Q1 2019[24] Assets and Liabilities - Total assets decreased by 9.78% to CNY 3,332,784,950.66 compared to the end of the previous year[4] - Total current assets decreased to CNY 1,931,390,257.12 from CNY 2,282,676,598.26 year-over-year[13] - Total liabilities decreased from ¥1,064,213,797.44 to ¥573,551,839.37, a decline of about 46.1%[14] - Current liabilities decreased from ¥960,984,287.40 to ¥471,331,437.33, a reduction of about 51%[14] - The company reported a significant reduction in accounts payable from ¥737,638,231.68 to ¥318,116,099.47, a decrease of approximately 56.9%[14] Shareholder Information - The number of shareholders reached 12,569 at the end of the reporting period[7] - The largest shareholder, Shanghai Feike Investment Co., Ltd., holds 80.99% of the shares[7] - Shareholders' equity increased from ¥2,629,945,066.15 to ¥2,759,233,111.29, an increase of approximately 4.9%[15] - Unappropriated profits increased from ¥1,288,222,631.00 to ¥1,417,537,374.28, a growth of about 10%[15] Inventory and Receivables - Accounts receivable decreased by 41.58% to CNY 333,706,837.29 as collections exceeded new additions[9] - Inventory decreased to CNY 501,138,794.54 from CNY 692,623,706.08, reflecting a reduction in stock levels[13] - Accounts receivable stood at CNY 571,218,451.15, indicating stable receivables management[28] - Inventory levels were reported at CNY 692,623,706.08, reflecting the company's stock management strategy[28] Other Income and Expenses - Other income related to daily activities increased by 279.86% to CNY 1,313,316.88, up from CNY 345,739.79 year-over-year[10] - Research and development expenses for Q1 2020 were ¥13,911,621.99, down 13.3% from ¥16,046,116.71 in Q1 2019[19] - The company reported a decrease in sales expenses to ¥76,078,346.83 in Q1 2020, down from ¥79,321,958.02 in Q1 2019[19] Investment and Financial Strategy - The company plans to use up to CNY 8 billion for low-risk financial products, authorized until May 31, 2021[11] - The company recorded a significant decrease of 57.17% in cash paid for investments, totaling CNY 618,000,000.00, down from CNY 1,443,000,000.00[10] - The company has a goodwill value of $0, indicating no acquisitions that generated goodwill in the reporting period[32]

Financial Performance - In 2019, the company's operating revenue was approximately RMB 3.76 billion, a decrease of 5.46% compared to 2018[16]. - The net profit attributable to shareholders was approximately RMB 685.82 million, down 18.83% from the previous year[16]. - The basic earnings per share for 2019 was RMB 1.57, reflecting a decline of 19.07% compared to 2018[17]. - The company's cash flow from operating activities was approximately RMB 467.32 million, a decrease of 15.64% from 2018[16]. - The company's weighted average return on equity was 27.38% in 2019, down 7.08 percentage points from the previous year[17]. - The gross profit margin for the small home appliances segment was 38.62%, which decreased by 0.37 percentage points year-on-year[44]. - The company's operating revenue for the reporting period was CNY 3,759,367,800.79, a decrease of 5.46% compared to the previous year[42]. - The net profit for 2019 was approximately CNY 683.52 million, down 19% from CNY 843.66 million in 2018[172]. - The total comprehensive income for 2019 was approximately CNY 683.52 million, compared to CNY 843.66 million in 2018[173]. Dividend Policy - The company plans to distribute a cash dividend of 10 RMB per 10 shares, totaling 435.6 million RMB based on a total share capital of 435,600,000 shares as of December 31, 2019[3]. - The cash dividend for 2018 was 15 RMB per 10 shares, amounting to 653,400,000 RMB, which represented 77.33% of the net profit attributable to ordinary shareholders[82]. - The company's cash dividend policy remained unchanged during the reporting period, ensuring the protection of minority shareholders' rights[81]. - The net profit attributable to ordinary shareholders for 2019 was 685,823,718.67 RMB, with a dividend payout ratio of 63.51%[82]. - The cash dividend for 2019 is subject to approval by the shareholders' meeting[81]. Market and Competitive Position - The company achieved a market share of 46.15% in online retail and 39.15% in offline retail for its "FLYCO" brand electric shavers in 2019[21]. - The small home appliance market in China is projected to exceed RMB 640 billion by 2023, with a compound annual growth rate of 13.39% from 2012 to 2019[25]. - The company expanded its online sales channels, collaborating with major e-commerce platforms and exploring new retail models, accumulating nearly 600,000 users on its online store[38]. - The company implemented a dual-brand strategy with the introduction of the "Bole" sub-brand to compete in the mid-to-low-end market[35]. - The company is targeting key overseas markets, including the US, Europe, Russia, India, and Southeast Asia, to boost international sales and brand presence[70]. Research and Development - Research and development expenses increased by 60.51% year-on-year to RMB 84,489.00 million, with the number of R&D personnel rising to 165[33]. - The company aims to enhance its core competitiveness through increased R&D investment and product innovation, focusing on the small home appliance sector[66]. - Continuous investment in technology R&D is planned to accelerate the launch of new products, particularly in personal care and kitchen appliances[71]. - The company launched new products including extension sockets, health scales, and upgraded versions of existing products such as lint removers and hair dryers[33]. Financial Management and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[2]. - The company has a dedicated board of directors and supervisory board ensuring the accuracy and completeness of the annual report[2]. - The company has no major accounting errors to correct during the reporting period[105]. - The company has complied with environmental protection regulations and is not classified as a key pollutant discharge unit[114]. - The company is committed to ensuring compliance with the revised accounting standards and maintaining transparency in its financial reporting[100]. Operational Efficiency - The company completed automation upgrades in its main factories to improve production efficiency and reduce costs[73]. - The company focused on cost control measures, including outsourcing production and centralized procurement, to maintain product cost advantages[31]. - The company has established a competitive and incentive-based remuneration policy for employees, focusing on performance contributions and job responsibilities[141]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[132]. Shareholder and Governance Matters - The company has a commitment to not transfer or manage shares held directly or indirectly for 36 months post-IPO, ensuring stability in shareholding[85]. - The controlling shareholder commits to increase their stake in the company using profits from the previous year, limited to the latest net asset value price[87]. - The company will announce the implementation of stock price stabilization measures and disclose the performance of these measures in regular reports[88]. - The company accepts supervision from relevant authorities regarding the fulfillment of stock price stabilization commitments[89]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact consumer demand for personal care and household appliances[74]. - Rising labor costs and raw material price volatility are ongoing challenges that the company aims to mitigate through strategic adjustments and cost control measures[79]. - The concentration of sales in electric shavers and hair dryers poses a risk, prompting the company to diversify its product offerings[75].

Financial Performance - Net profit attributable to shareholders was CNY 530,361,080.25, down 14.55% year-on-year[5] - Operating revenue for the first nine months was CNY 2,720,276,584.22, a decline of 3.51% compared to the same period last year[5] - The weighted average return on equity decreased by 4.32 percentage points to 21.22%[5] - Basic earnings per share were CNY 1.22, down 14.08% from CNY 1.42 in the previous year[5] - Total operating revenue for Q3 2019 was approximately ¥995.38 million, a decrease of 0.3% compared to ¥1,003.41 million in Q3 2018[23] - Net profit for Q3 2019 was approximately ¥193.22 million, down 13.0% from ¥222.19 million in Q3 2018[24] - Total profit for the first three quarters of 2019 was approximately ¥700.93 million, down 15.2% from ¥826.48 million in the same period of 2018[24] - The company reported a total comprehensive income of approximately ¥193.22 million for Q3 2019, compared to ¥222.19 million in Q3 2018[24] - Total comprehensive income for Q3 2019 was approximately ¥174.48 million, compared to ¥215.50 million in Q3 2018[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 207,899,588.80, a decrease of 27.46% year-on-year[5] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥207.90 million, down 27.36% from ¥286.59 million in the same period of 2018[28] - Total cash inflow from operating activities was CNY 3,066,059,560.55, down from CNY 3,179,753,608.55 year-over-year[31] - Cash outflow from operating activities increased to CNY 3,006,649,160.11, compared to CNY 2,836,024,191.45 in the previous year, reflecting a rise of 6%[31] - The net increase in cash and cash equivalents for the period was CNY -606,680,298.10, compared to CNY -376,150,392.11 in the same period last year[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,437,476,969.51, a decrease of 7.02% compared to the end of the previous year[5] - The total current assets decreased from ¥2.56 billion to ¥2.10 billion, a reduction of approximately 17.53%[15] - Current liabilities decreased from 1,048,793,008.58 to 862,640,555.27, a reduction of about 17.83%[17] - Total liabilities and equity decreased from 3,697,094,837.93 to 3,437,476,969.51, a decline of about 7.03%[17] - Non-current liabilities increased from 44,851,324.83 to 100,060,784.81, an increase of about 123.00%[17] - Total equity attributable to shareholders decreased from 2,601,691,888.42 to 2,474,205,020.92, a decline of approximately 4.89%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,327[7] - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[7] Government Subsidies - The company received government subsidies amounting to CNY 50,771,852.21 during the reporting period[6] - The company received government subsidies related to assets amounting to ¥103.85 million, a 48.26% increase[11] - Other income increased by 46.19% to ¥2.11 million, reflecting an increase in government subsidies related to daily activities[10] Research and Development - R&D expenses increased by 46.50% to ¥49.37 million, driven by higher salaries and mold development costs[10] - Research and development expenses for Q3 2019 rose to approximately ¥18.57 million, an increase of 44.4% compared to ¥12.89 million in Q3 2018[23] - Research and development expenses increased to ¥17.12 million in Q3 2019, up 47.73% from ¥11.56 million in Q3 2018[26] Inventory and Prepayments - Prepayments increased by 87.57% to ¥48.02 million, primarily for advertising and mold prepayments[10] - Inventory increased from 495,050,243.04 to 640,058,298.39, an increase of approximately 29.23%[19] Investment Income - Investment income decreased by 53.53% to ¥13.12 million, attributed to reduced returns from short-term bank financial products[10] - Investment activities generated a net cash outflow of CNY 13,009,157.78, an improvement from a net outflow of CNY 69,739,840.59 in the same period last year[31] - Cash inflow from investment income was CNY 2,503,000,000.00, a decrease from CNY 3,110,000,000.00 in the previous year[31]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,724,894,806.07, a decrease of 5.01% compared to CNY 1,815,780,838.37 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 336,739,413.50, down 15.43% from CNY 398,174,561.61 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 289,617,879.79, a decline of 19.84% compared to CNY 361,298,576.66 in the same period last year[15]. - The net cash flow from operating activities was CNY 143,952,143.33, a significant decrease of 39.91% from CNY 239,579,762.96 in the previous year[15]. - The total assets at the end of the reporting period were CNY 3,342,723,200.15, down 9.59% from CNY 3,697,094,837.93 at the end of the previous year[15]. - The net assets attributable to shareholders of the listed company were CNY 2,280,583,354.17, a decrease of 12.34% from CNY 2,601,691,888.42 at the end of the previous year[15]. - Basic earnings per share for the reporting period were CNY 0.77, down 15.38% from CNY 0.91 in the same period last year[16]. - The weighted average return on net assets was 13.22%, a decrease of 4.22 percentage points from 17.44% in the previous year[16]. Market Position and Strategy - The company’s electric shaver brand "FLYCO" captured 48% of online and 39% of offline retail market share in the first half of 2019[19]. - The company’s product outsourcing accounted for 69.29% of total production in the first half of 2019, indicating a strong reliance on external manufacturing[22]. - The company has established a comprehensive marketing network covering all 31 provinces in China, enhancing product sales penetration[29]. - The company’s electric appliance industry revenue reached RMB 1.49 trillion in 2018, with a year-on-year growth of 9.9%[25]. - The company’s brand "POREE" electric shaver achieved a market share of 5% online and 0.21% offline in the first half of 2019[19]. - The company focuses on a light asset operation model, outsourcing most production while concentrating on R&D and brand marketing[20]. - The company is actively pursuing overseas market strategies, establishing its own brand business in regions like the US and EU[38]. Research and Development - The company’s R&D expenses grew at a compound annual growth rate of 29.41% from 2014 to 2018, reflecting a commitment to innovation[28]. - R&D expenses increased by 47.98% to CNY 30,795,855.35, with a total of 186 patents held by the end of the period[33]. - The company launched new products such as extension sockets and health scales in the first half of 2019[33]. - Research and development expenses increased to CNY 30,795,855.35, up 47.9% from CNY 20,811,230.03 in the previous year[103]. Financial Position and Assets - Cash and cash equivalents decreased by 58.99% to approximately CNY 399.14 million due to dividend distribution to shareholders[45]. - Inventory increased by 30.29% to approximately CNY 734.03 million, indicating an increase in stock[45]. - The company established one subsidiary during the reporting period, with a registered capital of CNY 5 million, holding 100% equity[46]. - The total current assets as of June 30, 2019, amounted to RMB 2,059,696,074.53, a decrease of 19.5% compared to RMB 2,558,595,228.23 on December 31, 2018[98]. - The company reported a total of 734,033,362.81 in inventory as of June 30, 2019, compared to 563,364,250.09 on December 31, 2018, reflecting an increase of 30.3%[98]. - The total equity attributable to shareholders decreased from ¥2,601,691,888.42 to ¥2,280,583,354.17, a decline of about 12.3%[100]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which can impact the demand for personal care and household appliances[55]. - The company’s product sales are primarily concentrated in electric shavers and hair dryers, which poses a risk if there are adverse changes in these markets[57]. - The fluctuation in raw material prices directly affects the company's product costs and profitability, with increasing trends noted in recent years[59]. - Labor cost increases due to market fluctuations pose a challenge, but the company is implementing measures to mitigate these impacts[61]. Shareholder and Governance - The controlling shareholder has committed to not reducing their shareholding for two years after the lock-up period ends[69]. - The company will disclose any share buyback or stabilization measures in its regular reports and will be subject to regulatory oversight[71]. - The company has no major litigation or arbitration matters during the reporting period[78]. - The total number of ordinary shareholders at the end of the reporting period is 13,124[88]. - Shanghai Feike Investment Co., Ltd. holds 80.99% of the shares, totaling 352,800,000 shares[88]. Accounting Policies and Compliance - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[84]. - The company adheres to the Chinese Accounting Standards, ensuring the financial statements reflect a true and complete picture of its financial status[120]. - The company confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[119]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[124]. Cash Flow and Investment Activities - The company reported a significant decrease of 39.91% in net cash flow from operating activities, totaling CNY 143,952,143.33[41]. - The company distributed dividends totaling 653,400,000.00 RMB, consistent with the previous year's distribution[110]. - The company reported a net decrease in cash and cash equivalents of 536,653,237.86 RMB, compared to a decrease of 194,544,802.97 RMB in the same period of 2018[110]. - Cash paid for the purchase of fixed assets and intangible assets was CNY 152,341,284.89, compared to CNY 60,398,910.77 in the first half of 2018, indicating increased investment in assets[108].