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]

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].