Financial Performance - The basic earnings per share for 2022 increased by 557.14% to CNY 1.38 compared to CNY 0.21 in 2021[23]. - The diluted earnings per share rose by 364.00% to CNY 1.16 from CNY 0.25 in the previous year[23]. - The net profit attributable to shareholders of the listed company surged by 560.07%, primarily due to significant impairment losses recognized during the reporting period[23]. - The weighted average return on equity increased by 12.66 percentage points to 15.12% from 2.46% in 2021[23]. - The net profit after deducting non-recurring gains and losses increased by 538.07% compared to the previous year[23]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of CNY 0.80, up 515.38% from CNY 0.13 in 2021[23]. - The net profit attributable to shareholders increased by 560.07% to CNY 431.06 million in 2022[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 538.07% to CNY 248.45 million[34]. - The company's cash flow from operating activities was CNY 342.58 million, an increase of 15.70% year-on-year[34]. - The total assets decreased by 19.80% to CNY 4.38 billion at the end of 2022 compared to the end of 2021[34]. Revenue and Sales - In 2022, the company reported a revenue of CNY 2.82 billion, a decrease of 16.25% compared to 2021[34]. - The company achieved a revenue of CNY 2.53 billion, a decrease of 2.59% when excluding the impact of Hubei Qianchuan's financial data[34]. - The main business revenue for 2022 is ¥2,718,846,684.47, down 17.30% year-on-year, while the main business cost is ¥1,748,372,003.27, down 18.79%[72]. - The overall sales revenue from direct stores decreased by 5.16%, while revenue from distribution stores increased by 2.63%[84]. - The total revenue for the overall company was CNY 271,884.67 million, with a gross margin of 35.69%, which is a decrease of 17.30% in revenue year-over-year[116]. Product Development and Innovation - The company launched a new stainless steel cabinet series under the "Weilai Kitchen" concept, focusing on eco-friendliness and durability[35]. - The company continues to enhance its product matrix by developing co-branded products with various partners[35]. - The company launched the "Original State G6" product line, achieving international advanced level certification, and has iterated its original product series seven times over ten years[40][41]. - The company is committed to continuous innovation and design collaboration with renowned designers and institutions, strengthening its product development capabilities[68]. - The company upgraded its product line from "original board" to "formaldehyde-free board," enhancing its health and environmental standards[190]. Market Strategy and Expansion - The company is expanding its market presence through innovative marketing strategies, including collaborations with popular TV shows and social media platforms to engage younger consumers[38]. - The company is leveraging strategic partnerships with leading real estate developers to secure stable order sources and optimize cost structures through bulk production[56]. - The company plans to deepen its "trendy brand" strategy by creating a closed-loop consumption model and increasing brand exposure through media and entertainment collaborations[129]. - The company will optimize its channel expansion in 2023, focusing on traditional distributors and new channels like personalized home decoration and new retail[131]. Risk Management - The company faces significant risks including market changes, intensified competition, and potential price wars[9]. - The company is addressing competition risks by enhancing brand building, product design, and service quality to maintain market position[134]. - The company is monitoring raw material price fluctuations closely, as they significantly impact the main business costs[135]. - Seasonal fluctuations in sales are anticipated, with the company implementing strategies to manage production and inventory effectively[136]. Corporate Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholders' rights and interests[141]. - The financial department operates independently, adhering to strict accounting standards and maintaining a complete accounting system[143]. - The company has a robust independent personnel management system, ensuring that all senior management personnel are employed directly by the company[144]. - The company has established a dedicated team for insider information management, ensuring confidentiality and compliance with disclosure regulations[142]. Shareholder Returns - The company plans to establish a three-year shareholder dividend return plan from 2022 to 2024[1]. - The proposed cash dividend for 2022 is 7.19 RMB per 10 shares, totaling 215,820,635.26 RMB, which represents 50.07% of the net profit attributable to shareholders for the year[176]. - The cash dividend for 2021 was set at 0.66 RMB per 10 shares, totaling 19,810,659.26 RMB, accounting for 30.34% of the net profit attributable to shareholders[172]. - The company has committed to avoiding any business activities that would compete with its own operations, as per the controlling shareholders' commitments[144]. Social Responsibility and Environmental Impact - The company has established 12 hospital schools across the country to support children with leukemia, demonstrating its commitment to social responsibility[186]. - The company implemented carbon reduction measures, successfully reducing carbon emissions by approximately 13,170.37 tons through a rooftop distributed photovoltaic power generation project with a total capacity of about 13.21 MWp[184][185]. - The company generated a total of 13.21 million kWh of electricity from its photovoltaic power station in 2022, effectively lowering electricity costs and contributing to energy savings[185].

| 证券代码：603898 | 证券简称：好莱客 | 公告编号：2023-006 | | --- | --- | --- | | 债券代码：113542 | 债券简称：好客转债 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 广州好莱客创意家居股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 （网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络文字互动 投资者可于 2023 年 04 月 20 日(星期四)至 04 月 26 日(星期三)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱（ir@holike.com） 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 广州好莱客创意家居股份有限公司（以下简称"公司"）将于 2023 年 4 月 26 日发布公司 2022 年度报告，并将于同日发布 2023 年第一季度报告，为便于 广大投资者更全面深入地了解公司 2022 年度及 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥725,758,144.19, a decrease of 19.77% year-on-year[3]. - Net profit attributable to shareholders for Q3 2022 was ¥255,561,363.57, an increase of 167.05% year-on-year, primarily due to the transfer of equity in Hubei Qinchuan[6]. - Basic earnings per share for Q3 2022 was ¥0.82, reflecting a 164.52% increase compared to the same period last year[3]. - The company reported a net profit margin decline due to increased operational costs and reduced revenue[15]. - In Q3 2022, the company's net profit reached CNY 412,839,237.41, a significant increase from CNY 297,867,110.00 in Q3 2021, representing a growth of approximately 38.5%[16]. - The company reported a total comprehensive income of CNY 398,689,228.48 for Q3 2022, compared to CNY 277,924,659.04 in Q3 2021, marking an increase of approximately 43.5%[17]. - Basic earnings per share for Q3 2022 were CNY 1.22, up from CNY 0.75 in Q3 2021, representing a growth of 62.7%[18]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥4,406,219,175.54, a decrease of 19.35% from the end of the previous year[4]. - Cash and cash equivalents as of September 30, 2022, were CNY 266,548,151.36, a decrease of 49.7% from CNY 530,633,251.74 at the end of 2021[11]. - Total assets as of September 30, 2022, amounted to CNY 4,406,219,175.54, down 19.3% from CNY 5,463,073,590.52 at the end of 2021[12]. - Total liabilities as of September 30, 2022, were CNY 1,415,062,482.97, a decrease of 46.7% compared to CNY 2,655,719,951.55 at the end of 2021[13]. - The company's total equity as of September 30, 2022, was CNY 2,991,156,692.57, an increase of 6.9% from CNY 2,807,353,638.97 at the end of 2021[13]. - The total equity attributable to shareholders at the end of Q3 2022 was ¥2,991,156,692.57, an increase of 13.11% from the end of the previous year[4]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥251,500,556.42, showing a significant increase of 524.81%[6]. - Operating cash flow for Q3 2022 was CNY 251,500,556.42, a substantial increase compared to CNY 40,252,341.89 in Q3 2021, reflecting a growth of over 524%[20]. - The company experienced a net cash outflow of CNY 201,710,073.69 in Q3 2022, compared to a net outflow of CNY 254,546,114.40 in Q3 2021, showing an improvement of about 20.7%[21]. - Investment activities resulted in a net cash outflow of CNY 379,689,215.73 in Q3 2022, slightly better than the outflow of CNY 422,237,396.07 in Q3 2021[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,419[7]. Market Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[15].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,395,722,088.58, representing a decrease of 8.42% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 125,156,705.36, down 9.39% year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 111,738,884.99, a decrease of 14.37% compared to the previous year[18]. - Basic earnings per share decreased by 9.09% to CNY 0.40 compared to the same period last year[19]. - Diluted earnings per share decreased by 9.30% to CNY 0.39 compared to the same period last year[19]. - The company's operating revenue for the reporting period was ¥1,395,722,088.58, a decrease of 8.42% compared to ¥1,524,024,204.61 in the same period last year[53]. - The company's operating costs decreased by 11.32% to ¥890,505,597.36 from ¥1,004,218,254.51 year-on-year[53]. - The overall revenue from the home manufacturing sector was ¥1,352,787,415.92, reflecting a decrease of 9.35% year-on-year, influenced by the pandemic and macroeconomic conditions in the real estate sector[57]. - The company reported a gross profit margin of approximately 13.5% for the first half of 2022, compared to 11.5% in the same period of 2021[137]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to CNY 138,993,296.54, up 433.63% from CNY 26,046,915.27 in the same period last year[18]. - The net cash flow from investment activities decreased by 36.43% to -¥329,147,139.32, mainly due to payments for investments in Haohua Real Estate[54]. - The net cash flow from financing activities decreased by 75.72% to ¥14,864,069.93, primarily due to increased loan repayments[55]. - The cash inflow from investment activities was 857,954,654.23 RMB, significantly higher than 90,690,536.98 RMB in the previous year, reflecting increased investment recovery[147]. - The cash outflow for investment activities was 970,596,044.64 RMB, compared to 210,135,877.02 RMB in the prior year, leading to a net cash flow from investment activities of -112,641,390.41 RMB[147]. Market and Industry Trends - The custom home furnishing industry is experiencing intensified competition due to stock competition, new consumer groups, fragmented traffic, and a reshaped value chain[33]. - The main consumer group is shifting to younger generations (post-90s and post-95s), who prioritize simple, natural lifestyles and sustainable products[35]. - Consumer behavior is becoming fragmented, with a focus on multi-channel engagement and varying preferences for price and quality among different customer segments[36][37]. - The industry has seen a decline in growth rates since 2016, influenced by regulatory changes and a decrease in new housing sales, leading to a need for diversified channels and product lines[33]. - The overall user satisfaction and market concentration in the custom home furnishing sector remain low, indicating opportunities for improvement in service quality[39]. Risk Management - Major risks identified include market changes, intensified competition, potential price wars, raw material price fluctuations, seasonal fluctuations, and management risks[6]. - The company emphasizes risk management and operational capital turnover to maintain business stability[31]. - The company is closely monitoring raw material price fluctuations, as direct materials constitute a significant portion of its main business costs[73]. - Seasonal fluctuations in sales are expected, with the peak sales season typically occurring in the second half of the year[74]. Strategic Initiatives - The company aims to improve brand recognition through diversified marketing strategies and collaborations with celebrities[31]. - The company launched the "Meihao Life • Home Consumption Experience Upgrade Plan" to enhance consumer experience across products, design, service, and after-sales[49]. - The "Huhulai Decoration" new brand was introduced to target the home improvement market, integrating diverse business models to meet consumer needs for lifestyle transformation[49]. - The company is investing 100 million in research and development to innovate new technologies and improve existing products[92]. - A strategic acquisition of a smaller competitor was announced, which is expected to enhance the company's technology capabilities and add 50 million in annual revenue[92]. Governance and Compliance - The company has ensured the authenticity, accuracy, and completeness of the semi-annual report, with all directors present at the board meeting[7]. - There were no violations of decision-making procedures regarding external guarantees during the reporting period[6]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties during the reporting period[6]. - The company has made strategic adjustments to its governance structure, including revisions to various internal management rules[81]. Shareholder Information - The company will not distribute profits or increase capital reserves through stock conversion for the first half of 2022[4]. - The company has initiated a three-year shareholder dividend return plan from 2022 to 2024[78]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 79,879,624.00 RMB, which accounts for 2.92% of the company's net assets[103]. - The company has committed to ensuring that any share transfers by directors and senior management do not exceed 25% of their total shareholdings annually[94].

Financial Performance - The company's operating revenue for Q1 2022 was ¥615,221,355.09, representing an increase of 8.35% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2022 was ¥40,922,258.25, reflecting a growth of 3.87% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥34,555,574.63, up by 4.06% from the previous year[3]. - The total profit for Q1 2022 was ¥67,483,794.58, a decrease from ¥69,758,548.80 in Q1 2021, representing a decline of approximately 3.3%[15]. - Net profit attributable to shareholders of the parent company was ¥40,922,258.25, up from ¥39,397,450.27 in the previous year, indicating an increase of about 3.9%[15]. - The total comprehensive income for Q1 2022 was ¥41,192,680.19, down from ¥52,400,567.42 in Q1 2021, reflecting a decrease of about 21.3%[15]. - The company incurred other comprehensive losses of -¥13,592,166.19, compared to -¥5,374,853.46 in the previous year, indicating a significant increase in losses[15]. Cash Flow and Investments - The net cash flow from operating activities increased by 42.28% compared to the previous year[4]. - The net cash flow from operating activities was -¥89,371,147.03, an improvement compared to -¥154,826,159.28 in Q1 2021[16]. - Cash received from investment activities totaled ¥605,629,378.65, significantly higher than ¥203,742,308.22 in the same period last year[17]. - The net cash flow from investment activities was ¥118,360,988.45, a recovery from -¥265,997,043.40 in Q1 2021[17]. - Cash and cash equivalents at the end of the period were ¥461,809,567.45, compared to ¥254,497,808.58 at the end of Q1 2021, showing an increase of approximately 81.5%[17]. - The cash flow from financing activities was -¥35,114,065.10, a decrease from a positive cash flow of ¥60,820,925.03 in Q1 2021[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,247,022,393.39, a decrease of 3.95% from the end of the previous year[3]. - Total assets as of March 31, 2022, amounted to CNY 5,247,022,393.39, down from CNY 5,463,073,590.52 at the end of 2021[11]. - Total liabilities decreased to CNY 2,398,476,074.23 as of March 31, 2022, from CNY 2,655,719,951.55 at the end of 2021, a reduction of 9.7%[11]. - Cash and cash equivalents as of March 31, 2022, were CNY 506,557,428.18, a decrease from CNY 530,633,251.74 as of December 31, 2021[10]. - Inventory as of March 31, 2022, was CNY 783,856,770.18, slightly down from CNY 786,810,617.32 as of December 31, 2021[10]. - Short-term borrowings decreased to CNY 299,929,916.97 from CNY 368,766,970.28, a decline of 18.6%[11]. Shareholder Information - The company had a total of 12,840 common shareholders at the end of the reporting period[6]. - The top two shareholders, Shen Hanbiao and Wang Miaoyu, held 40.84% and 25.95% of the shares, respectively[6]. - The company repurchased 11,115,580 shares, accounting for 3.57% of the total share capital[8]. Research and Development - Research and development expenses for Q1 2022 were CNY 29,322,518.31, compared to CNY 25,543,524.12 in Q1 2021, reflecting an increase of 14.4%[14]. Profitability Metrics - The weighted average return on equity was 1.53%, an increase of 0.05 percentage points compared to the previous year[3]. - The company reported a basic earnings per share of ¥0.13, unchanged from the previous year, while diluted earnings per share increased to ¥0.14 from ¥0.13[15]. - Operating profit for Q1 2022 was CNY 67,807,540.72, slightly down from CNY 69,139,067.43 in Q1 2021, indicating a decrease of 1.9%[14].

Financial Performance - The company's operating revenue for 2021 was approximately ¥3.37 billion, representing a 54.40% increase compared to ¥2.18 billion in 2020[23]. - The net profit attributable to shareholders decreased by 76.35% to approximately ¥65.31 million from ¥276.14 million in the previous year[25]. - The net cash flow from operating activities fell by 46.75% to approximately ¥296.10 million, primarily due to debt defaults from certain real estate clients[25]. - The basic earnings per share dropped to ¥0.21, down 76.40% from ¥0.89 in 2020[24]. - The total assets increased by 5.76% to approximately ¥5.46 billion, compared to ¥5.17 billion at the end of 2020[23]. - The company reported a significant decrease in the weighted average return on equity, which fell to 2.46%, down 8.25 percentage points from 10.71% in 2020[24]. - The net profit after deducting non-recurring gains and losses decreased by 83.94% to approximately ¥38.94 million from ¥242.48 million in the previous year[23]. - The company recorded a total of ¥29.87 million in government subsidies related to its normal business operations[30]. Dividend Distribution - The company plans to distribute a cash dividend of 0.66 RMB per 10 shares to all shareholders, totaling approximately 19.81 million RMB (including tax) based on a total share capital of 311,277,084 shares as of March 31, 2022[5]. - The total share capital, after deducting repurchased shares, will be used as the basis for dividend distribution[5]. - The company plans to distribute cash dividends of 0.66 yuan per 10 shares for the year 2021, totaling approximately 19.81 million yuan, which represents 30.34% of the net profit attributable to shareholders[164]. - For the year 2020, the total cash dividends distributed amounted to 125.56 million yuan, accounting for 45.47% of the net profit attributable to shareholders[164]. Audit and Compliance - The company reported a standard unqualified audit opinion from Guangdong Sinong Accounting Firm, ensuring the financial report's authenticity and completeness[4]. - The company has not faced any issues with the authenticity of the annual report as confirmed by the board and management[11]. - The company has received a standard unqualified opinion in its internal control audit report for the 2021 fiscal year[171]. - The company has maintained compliance with accounting policies and estimates, with no significant changes reported[200]. - The company’s financial report indicates no non-standard audit opinions from the accounting firm[199]. Risks and Challenges - Major risks identified include market changes, intensified competition, potential price wars, raw material price fluctuations, seasonal volatility, management risks, and overcapacity risks[10]. - The company faces risks from market fluctuations, competition, raw material price volatility, and seasonal sales variations, which could impact operations[120][121][122][123]. - The overall market for custom home furnishings is seeing a decline in growth rates, with significant impacts from regulatory changes and a decrease in new home sales since 2016[44]. Market Strategy and Growth - The company attributed the revenue growth to the implementation of its "new normal + home furnishing" core strategy and the consolidation of Hubei Qianchuan[23]. - The company plans to continue expanding its market presence and developing new products in response to the changing market conditions[34]. - The company is focused on providing a comprehensive range of products, including custom wardrobes, kitchens, and other home solutions, to meet diverse consumer needs[56]. - The company aims to enhance its operational capabilities through digital strategies and intelligent technology applications to optimize costs and improve efficiency[55]. - The company is adapting to market changes by developing a brand matrix to cater to the differentiated demands of consumers[48]. Product Development and Innovation - The company launched 8 new product series and 5 trendy themed spaces to cater to younger demographics[42]. - The company’s original series of boards received multiple international environmental certifications, enhancing its market position in healthy home products[41]. - The company is focusing on eco-friendly product development, utilizing formaldehyde-free materials in its manufacturing processes[65]. - The "原态 G6" product line was launched, representing the 7th iteration of the original series, emphasizing health and environmental standards in home products[119]. - The company continues to expand its product matrix with the introduction of stainless steel cabinets under the "未莱厨房" concept, supporting its overall home strategy[119]. Management and Governance - The company has established a performance evaluation system for senior management, linking their compensation to the company's operational performance[168]. - The management team includes individuals with extensive experience in finance, law, and operations, contributing to strategic decision-making[140]. - The company has appointed several independent directors across various organizations, enhancing governance and oversight[142]. - The company emphasizes performance-based compensation to align management incentives with shareholder interests[144]. - The company has a structured compensation system that considers industry salary levels, position responsibilities, and inflation[144]. Employee and Workforce Management - The total number of employees in the parent company is 1,452, and the total number of employees in major subsidiaries is 3,622, resulting in a combined total of 5,074 employees[157]. - The workforce includes 2,788 production personnel, 773 sales personnel, 803 technical personnel, 69 financial personnel, and 641 administrative personnel[157]. - The company has conducted specialized training programs to enhance organizational efficiency and support strategic goals[159]. - The company has implemented a performance-oriented compensation policy to attract, motivate, and retain talent[158]. Shareholder Commitments and Regulations - The company reported a commitment from its actual controllers to avoid any competition with the company, ensuring long-term stability[191]. - The actual controllers also signed a commitment letter to minimize related party transactions, ensuring fairness and protecting the interests of the company and its shareholders[191]. - The company has committed to ensuring that the share transfer by directors and senior management does not exceed 25% of their total shares held annually during their tenure[196]. - The company has committed to repurchasing all newly issued shares at a price equal to the issuance price plus the interest on bank deposits during the same period, should there be any false statements in the prospectus[186]. - The company will ensure that all share repurchase plans are publicly announced and compliant with regulatory requirements[190].

Group 1: Company Performance and Strategy - The company expects a revenue increase of 50% to 65% for the fiscal year 2021 compared to the previous year, driven by strategic focus on "new normal + whole home" and stable product orders [3] - In Q1 2022, the company reported a good order intake, emphasizing market share and strong profitability with gross and net profit margins among the industry leaders [3] - The company has expanded its retail channels, with new product categories like cabinets and doors growing faster than wardrobes, and an increasing proportion of sales from whole home solutions [4] Group 2: Business Development and Innovations - The company has established two models for its whole home business: opening franchise stores and collaborating with local construction companies for integrated packages, currently present in over 60 cities [5] - The company has launched new brands "Huhulai Decoration" for renovation and "Laizhu" for move-in-ready solutions to cater to market demands [4][5] - The company is a pioneer in the industry for introducing formaldehyde-free materials and has upgraded to "zero formaldehyde bamboo boards" to enhance competitive differentiation [6] Group 3: Competitive Advantages - The "Haolaike" brand, founded in 2002, has high recognition and is one of the few custom brands with comprehensive trademark protection [6] - The company has a robust dealer network and a complete channel system that supports customer acquisition [6] - A young management team allows the company to be more responsive to market changes and new consumer groups [6] Group 4: Risk Management - The company is actively asserting its rights against Evergrande Group to mitigate losses, transitioning to a cash-on-delivery model for ongoing transactions [7] - Future large-scale business will focus on state-owned and quality private enterprises to optimize customer structure and reduce cooperation risks [7]

2021 年第三季度报告 证券代码：603898 证券简称：好莱客 广州好莱客创意家居股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 年同期增减变 | | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | --- | | | | 动幅度(%) | | | 增减变动幅度 | | | | | | | (%) | | 营业收入 | 904,632,791.93 | | 35.92 | 2,428, ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,524,024,204.61, representing a 105.79% increase compared to ¥740,556,168.96 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥138,119,612.19, an increase of 80.06% from ¥76,706,896.47 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥130,490,793.91, showing a significant increase of 131.76% compared to ¥56,304,177.09 in the same period last year[17]. - Basic earnings per share increased by 76.00% to CNY 0.44 compared to the same period last year[18]. - Net profit attributable to shareholders increased by 80.06% year-on-year, driven by significant revenue growth[19]. - Revenue increased by 105.79% year-on-year, attributed to the implementation of the "new normal + whole home" core strategy and the consolidation of Hubei Qianchuan[18]. - The weighted average return on equity rose by 2.09 percentage points to 5.10% compared to the same period last year[18]. - The total comprehensive income attributable to the parent company was CNY 131,073,949.61, compared to CNY 74,664,263.19 in the same period of 2020, marking a 75.5% increase[144]. - The company reported a net cash flow from operating activities of ¥139,877,901.24 for the first half of 2021, compared to a negative cash flow of ¥138,794,933.94 in the same period of 2020, indicating a significant improvement[152]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥26,046,915.27, which is a decrease of 82.79% from ¥151,317,408.12 in the previous year[17]. - Cash and cash equivalents decreased by 19.74% year-on-year, while trading financial assets increased by 61.71%[63]. - The company’s cash flow from financing activities included dividend payments of ¥41,422,253.88, down from ¥109,187,299.39 in the first half of 2020[153]. - The total cash and cash equivalents at the end of the period were ¥329,579,364.36, a slight increase from ¥318,175,289.14 at the end of the first half of 2020[153]. - The company experienced a net decrease in cash and cash equivalents of ¥23,732,433.73 during the first half of 2021, compared to a decrease of ¥43,997,537.01 in the same period of 2020[153]. Strategic Initiatives and Market Position - The company focuses on providing comprehensive home customization solutions, including a variety of products such as wardrobes, kitchens, and doors[25]. - The company is transitioning from an industrial growth model to a user-oriented operational model, reflecting a significant industry evolution[32]. - The company has established a comprehensive channel system with over 1,500 distributors and approximately 2,000 distributor stores, enhancing its market presence[43]. - The company is committed to environmental sustainability, producing eco-friendly products such as formaldehyde-free MDF boards[44]. - The company is expanding its product categories and maintaining high growth in new categories[46]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[143]. - The company aims to enhance its competitive edge through innovation and market expansion strategies[162]. Risks and Challenges - Major risks identified include market changes, intensified competition, potential price wars, raw material price fluctuations, seasonal fluctuations, management risks, and overcapacity risks[5]. - The company faces risks from market changes, including tightening funding in the real estate sector, which may impact production and operations[73]. - The company is closely monitoring raw material price fluctuations, which significantly affect its main business costs, and is adopting strategies to secure favorable procurement prices[75]. - Seasonal fluctuations in sales are anticipated, with the peak sales season typically occurring in the second half of the year, impacting revenue and cash flow[77]. - The company plans to enhance production capacity in response to rapid growth in the custom home furnishing industry, but risks of overcapacity may arise if market demand does not keep pace[79]. Shareholder and Governance Matters - The company does not plan to distribute profits or convert capital reserves into share capital for the first half of 2021[4]. - The company has established a commitment to minimize and regulate related party transactions, ensuring fairness and protecting the interests of the company and its shareholders[93]. - The company’s actual controller and shareholders have made commitments regarding share transfers, ensuring compliance with regulations[90]. - The company will comply with relevant laws and regulations regarding share transfers and will disclose information in a timely manner[92]. - The company has committed to compensating investors for losses incurred due to any false statements or omissions in the prospectus[91]. Research and Development - Research and development expenses increased by 93.55% year-on-year, reflecting the company's commitment to product innovation and design investment[53]. - The company is focusing on research and development of new technologies, with an investment of approximately 43.49 million in the current period[158]. Financial Position and Assets - The total assets at the beginning of the reporting period were approximately CNY 5.17 billion, while at the end of the period, total assets increased to approximately CNY 5.37 billion, reflecting a growth of about 3.5%[129]. - The company's total assets as of the end of the reporting period were ¥3,694,299,305.79, an increase from ¥3,535,522,319.89 at the end of the previous year[140]. - The total liabilities at the end of the reporting period were approximately 1,204,870,100, showing a manageable debt level[179]. - The total equity attributable to shareholders reached 2,549,337,990, showcasing growth in shareholder value[164].

Dividend Distribution - The company plans to distribute a cash dividend of 1.38 RMB per 10 shares to all shareholders, totaling approximately 41.42 million RMB (including tax) based on a total share capital of 311,276,718 shares as of March 31, 2021[4]. - The company does not plan to increase capital reserves to convert into share capital for the 2020 fiscal year[4]. - The company has not proposed any capital reserve transfer to increase share capital in the past three years[148]. - The company has established a cash dividend policy to ensure a balance between shareholder returns and business development strategies[147]. - The total cash dividends distributed in 2020, including share buybacks, amounted to 125,562,651.63 CNY, which is 45.47% of the net profit attributable to shareholders[153]. - For the 2019 fiscal year, the company proposed cash dividends of 3.65 CNY per 10 shares, amounting to 109,561,511.99 CNY, which is 30.06% of the net profit attributable to shareholders[151]. - In 2018, the company distributed cash dividends of 3.71 CNY per 10 shares, totaling 114,861,854.51 CNY, representing 47.69% of the net profit attributable to shareholders[149]. Financial Performance - The company's operating revenue for 2020 was approximately ¥2.18 billion, a decrease of 1.88% compared to ¥2.23 billion in 2019[18]. - Net profit attributable to shareholders decreased by 24.25% to approximately ¥276 million from ¥364 million in 2019[18]. - The net cash flow from operating activities increased by 38.10% to approximately ¥556 million, primarily due to an increase in advance payments received[19]. - Total assets increased by 39.25% to approximately ¥5.17 billion, mainly due to the consolidation of Hubei Qianchuan[20]. - Basic earnings per share decreased by 23.28% to ¥0.89 from ¥1.16 in 2019[19]. - The weighted average return on equity decreased by 4.35 percentage points to 10.71% from 15.06% in 2019[19]. - The company's gross profit margin for the main business was 37.65%, a decrease of 3.12 percentage points year-on-year, with the gross profit margin for wardrobe products at 40.53%[61]. - The net profit attributable to shareholders was 276 million yuan, a year-on-year decrease of 24.25%, while the net profit after deducting non-recurring items was 242 million yuan, down 24.71% year-on-year[61]. Risks and Challenges - The company reported significant risks including market changes, intensified competition, potential price wars, raw material price fluctuations, seasonal fluctuations, management risks, and overcapacity risks[5]. - The company’s future operational development may be adversely affected by significant risks, including market competition and price volatility[5]. - The company faces risks from market fluctuations and competition, which may impact its operational performance[133]. - The company emphasizes the importance of managing raw material price volatility to maintain profitability[137]. Operational Strategy - The company operates in the custom home furnishing industry, providing a variety of products including wardrobes, kitchens, and doors[29]. - The company focuses on a comprehensive service model, enhancing brand operation and product offerings to improve customer service[32]. - The company is focusing on brand positioning and enhancing brand recognition through diversified marketing strategies, including celebrity endorsements and various promotional activities[34]. - A user data platform has been established to improve retail store efficiency and support decision-making in store location, marketing resource allocation, and channel development[34]. - The company is implementing a flexible production model through OEM and ODM to provide customized products that meet consumer demands, enhancing cost-effectiveness[35]. - The company aims to enhance operational efficiency and customer experience through standardized services while also catering to personalized demands[34]. - The company is adapting to a changing market characterized by stock competition and a new consumer demographic, emphasizing the need for more diverse channel strategies[41]. - The main consumer group is shifting to younger generations, who prioritize sustainability and unique brand experiences, necessitating brand adaptation[42]. Acquisitions and Investments - The company completed the acquisition of 51% of Hubei Qinchuan's shares for 700 million yuan, enhancing its engineering channel capabilities and contributing 123 million yuan to the bulk revenue post-merger[69]. - The company acquired a 40% stake in Hanlong Windows, which will become a wholly-owned subsidiary, aiming to accelerate business expansion[77]. - The company has established a wholly-owned subsidiary, Haolaike Health, with a registered capital of RMB 10 million, and another subsidiary, Haolaike Installation Company, with a registered capital of RMB 5 million[118]. - The company agreed to acquire 51% of Hubei Qianchuan Window Co., Ltd. for RMB 700 million, with a profit commitment of at least RMB 180 million for 2021 and 2022[168]. Marketing and Brand Development - The company launched over 300 live streaming sessions during the year, achieving a total exposure of over 1.5 billion, significantly enhancing brand visibility[68]. - The effective customer count increased by 37% year-on-year, with the conversion rate continuing to improve, driven by the shift to online customer acquisition channels[68]. - The company introduced a new membership system to maximize user value and accumulate brand assets, supporting user acquisition, retention, and conversion[73]. - The company emphasized product innovation with the launch of four trend-leading series, integrating diverse design inspirations and cross-industry collaborations[74]. Financial Management - The company has a total of 10 million yuan in bank wealth management products with an annualized return rate ranging from 1.80% to 3.35%[183]. - The company has invested a total of 68 million yuan in bank wealth management products from idle self-owned funds, with an outstanding balance of 10 million yuan[181]. - The company has successfully raised 10,000 million through corporate bonds and short-term financing, with a yield of 1.05%[184]. - The company reported a total investment of 28,000 million in structured products with a yield of 4.20%[186]. - The company has a projected yield of 3.85% on its deposit and bond products, with a total investment of 5,000 million[186]. Corporate Governance - The company has made commitments to ensure that any future equity incentive plans align with the interests of shareholders[162]. - The company is committed to timely information disclosure in accordance with the regulations of the China Securities Regulatory Commission and the stock exchange[161]. - The company has established a commitment to compensate for any penalties or losses incurred due to unpaid social insurance or housing fund contributions[162]. - The company will not engage in any competitive activities with its controlling shareholders before any change in control occurs[166].