| 证券代码：603901 | 证券简称：永创智能 公告编号：2023-064 | | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | 杭州永创智能设备股份有限公司 关于以集中竞价交易方式回购股份方案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 拟回购股份的用途：用于实施员工持股计划或/及股权激励计划 拟回购股份的总金额：不低于人民币 2,000 万元且不超过人民币 4,000 万元 拟回购股份的期限：自公司董事会审议通过回购股份方案之日起 6 个月； 拟回购股份的价格：不超过人民币 16 元/股（含），该回购价格上限不高 于董事会通过回购决议前 30 个交易日公司股票交易均价的 150%； 拟回购股份的资金来源：公司自有资金 相关股东是否存在减持计划：持有公司股份的公司董事、监事、高级管 理人员、控股股东及其一致行动人、实际控制人未来 3 个月、6 个月内均不存在 减持公司股份的计划； 本次回购不会对公司的经营、财务和未来发展产生重大影响，不会影响 公司的 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥1,591,460,036.23, representing a 13.93% increase compared to ¥1,396,887,729.55 in the same period last year[24]. - Net profit attributable to shareholders of the listed company was ¥133,694,494.64, a 4.40% increase from ¥128,063,558.62 year-on-year[25]. - The net profit after deducting non-recurring gains and losses decreased by 12.01%, amounting to ¥114,791,308.37 compared to ¥130,452,499.93 in the previous year[25]. - Basic earnings per share for the first half of the year increased by 3.70% to CNY 0.28 compared to the same period last year[26]. - The weighted average return on equity decreased by 0.64 percentage points to 5.18% year-on-year[26]. - The company achieved a revenue of 1.591 billion RMB in the first half of 2023, representing a year-on-year growth of 13.93%[39]. - The net profit attributable to shareholders was 133.69 million RMB, an increase of 4.4% compared to the same period last year[39]. - The company reported a total comprehensive income of CNY 133,971,795.30 for the first half of 2023, compared to CNY 127,203,905.27 in the previous year, marking an increase of 5.4%[118]. - The total profit for the first half of 2023 was CNY 152,006,203.35, slightly higher than CNY 146,186,118.90 in the first half of 2022, showing an increase of 5.6%[118]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of ¥55,502,652.19, compared to a net outflow of ¥205,274,174.40 in the same period last year[25]. - Total assets increased by 6.97%, reaching ¥6,814,278,754.52 compared to ¥6,370,380,272.73 at the end of the previous year[25]. - The total assets at the end of the reporting period amounted to 6,814,278,754.52 yuan, an increase from 6,370,380,272.73 yuan at the end of 2022[107]. - The cash and cash equivalents decreased from 1,002,946,006.09 yuan to 823,256,743.33 yuan[107]. - The ending balance of cash and cash equivalents was 800,986,130.72 RMB, compared to 502,565,446.31 RMB at the end of the first half of 2022, representing a significant increase[125]. Market and Industry Insights - The global packaging equipment market is projected to grow from USD 54 billion in 2021 to USD 71.1 billion by 2026, with a CAGR of 4.9%[29]. - China's packaging machinery market size increased from CNY 34.9 billion in 2015 to CNY 42.9 billion in 2022, with a CAGR of 3%[30]. - The domestic packaging machinery industry is expected to grow at a CAGR of 7%, reaching a market size of approximately CNY 56.2 billion by 2026[30]. - The company has developed over 40 types of packaging equipment and 400 specifications, establishing a comprehensive product system[30]. - The company offers a range of intelligent packaging production lines tailored for various industries, including food, beverage, and pharmaceuticals[31]. Research and Development - Increased R&D investment focused on developing sterile filling systems for dairy and beverage markets to enhance technical barriers[36]. - The company is actively developing high-speed sterile packaging equipment for dairy products and collaborative robots for the packaging industry[39]. - The company is investing heavily in R&D, with a budget increase of 30% to enhance technology development and innovation[72]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact the demand in the food and beverage sector, affecting fixed asset investments[56]. - Market competition is intensifying due to a large number of small packaging equipment manufacturers, which may lead to price reductions and lower gross margins[56]. - The company is exposed to risks from significant fluctuations in raw material prices, particularly steel and plastic, which could affect operating performance[56]. - The international trade environment's uncertainty and potential non-tariff trade barriers may impact the company's export business[58]. Corporate Governance and Compliance - The report has not been audited, and all board members attended the board meeting to ensure the accuracy and completeness of the financial report[10]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute commitments to investors, highlighting the importance of investment risk awareness[7]. - There are no significant risks or non-operating fund occupation issues reported by controlling shareholders or related parties[11]. - The company has implemented comprehensive environmental protection measures, complying with national and local regulations, with no violations reported during the reporting period[68]. Shareholder Information - The company reported a total share count of 488,164,493, with 483,174,059 being unrestricted shares, accounting for 98.98% of the total[83]. - The top shareholder, Lü Jie, holds 171,600,000 shares, representing 35.15% of the total shares[87]. - The second-largest shareholder, Luo Bangyi, holds 44,680,000 shares, accounting for 9.15%[87]. - The total number of shares held by the top ten shareholders amounts to 307,000,000, which is approximately 63.73% of the total shares[87]. Financial Structure and Equity - The total equity attributable to the parent company at the end of the first half of 2023 was approximately 2,639.25 million[131]. - The total equity at the end of the reporting period was approximately 2,716.27 million, showing a slight increase from the previous period[132]. - The company has maintained a stable capital structure with total equity increasing to CNY 2,524,623,871.60 from CNY 2,443,963,168.49, an increase of about 3.3%[114]. - The company reported a decrease in retained earnings of approximately 62.95 million due to distributions to shareholders[132]. Accounting Policies - The company has implemented specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[147]. - The company's financial statements comply with accounting standards, accurately reflecting its financial position and operating results[148]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date and translates monetary items at the exchange rate on the balance sheet date[156].

| 证券代码：603901 | 证券简称：永创智能 公告编号：2023-060 | | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | 一、募集资金基本情况 （一）募集资金情况 1.2018 年非公开发行股票募集资金 经中国证券监督管理委员会证监许可〔2018〕832 号文核准，并经上海证券 交易所同意，本公司由主承销商海通证券股份有限公司采用向特定对象非公开发 行方式，发行人民币普通股（A 股）股票 39,389,026 股，发行价为每股人民币 8.02 元，共计募集资金 31,590.00 万元，坐扣承销和保荐费用 660.38 万元后的 募集资金为 30,929.62 万元，已由主承销商海通证券股份有限公司于 2018 年 8 月 24 日汇入本公司募集资金监管账户。另减除律师费、审计费、法定信息披露 等其他发行费用 388.68 万元后，公司本次募集资金净额为 30,540.94 万元。上 述募集资金到位情况业经天健会计师事务所（特殊普通合伙）审验，并由其出具 《验资报告》（天健验〔2018〕298 号）。 2.2019 年公开发行可转换公司债券募集资金 经中国证 ...

杭州永创智能设备股份有限公司 独立董事对第四届董事会第三十二次会议相关事项的独立意见 杭州永创智能设备股份有限公司（以下简称"公司"）第四届董事会第三十 二次会议于 2023 年 8 月 29 日在公司会议室通过现场与通讯结合方式召开。根据 《公司法》、《证券法》、《公司章程》、《独立董事工作制度》等相关规定，公司独 立董事对以下事项发表独立意见： 一、独立董事关于公司 2023 年半年度募集资金存放和实际使用情况的专项 报告的独立意见 我们认为：公司 2023 年半年度募集资金存放与使用情况符合中国证监会《上 市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》、上海证券 交易所《上市公司募集资金管理办法》、《公司章程》和公司《募集资金管理办法》 有关规定，募集资金的管理与使用不存在违规情形。公司出具的《2023 年半年 度募集资金存放与实际使用情况的专项报告》的内容真实、准确、完整,不存在 虚假记载、误导性陈述或重大遗漏。 综上，我们同意公司出具的《2023 年半年度募集资金存放与实际使用情况 的专项报告》。 （以下无正文） （此页无正文，为杭州永创智能设备股份有限公司独立董事对第四届董事会第 ...

| 证券代码：603901 | 证券简称：永创智能 公告编号：2023-058 | | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | 杭州永创智能设备股份有限公司 第四届董事会第三十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、董事会会议召开情况 杭州永创智能设备股份有限公司（以下简称"公司"）第四届董事会第三十 二次会议于 2023 年 8 月 29 日采用现场结合通讯方式召开。会议通知于 2023 年 8 月 24 日通过书面、邮件等方式送达各董事、监事、高级管理人员。会议应出 席董事 7 名，实际出席董事 7 名。本次会议的召开符合《公司法》、《公司章程》 及《董事会议事规则》的有关规定。 二、董事会会议审议情况 1、审议通过《公司 2023 年半年度报告及摘要》 （www.sse.com.cn）披露的《公司 2023 年半年度报告》、《公司 2023 年半年度 报告摘要》 表决结果：赞成 7 票，反对 0 票，弃权 0 票。 2、审议通过《关于公司 ...

| 证券代码：603901 | 证券简称：永创智能 公告编号：2023-059 | | --- | --- | | 转债代码：113654 | 转债简称：永 02 转债 | 杭州永创智能设备股份有限公司 1、审议通过《公司 2023 年半年度报告及摘要》 表决结果：赞成 3 票，反对 0 票，弃权 0 票。 2、审议通过《关于公司 2023 年半年度募集资金存放及实际使用情况的专 项报告》 表决结果：赞成 3 票，反对 0 票，弃权 0 票。 特此公告。 杭州永创智能设备股份有限公司监事会 2023 年 8 月 29 日 第四届监事会第三十三次会议决议公告 本公司监事会及全体监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。 杭州永创智能设备股份有限公司（以下简称"公司"）第四届监事会第三十 三次会议于 2023 年 8 月 29 日在公司会议室召开，应到监事 3 人，出席会议监事 3 人，会议由公司监事会主席汪建萍主持，符合《公司法》和《公司章程》的有 关规定。 经公司监事审议，会议表决通过了如下议案： ...

Financial Performance - The company's operating revenue for 2022 was approximately CNY 2.75 billion, representing a year-over-year increase of 1.54% compared to CNY 2.71 billion in 2021 [24]. - Net profit attributable to shareholders for 2022 was CNY 273.67 million, an increase of 4.80% from CNY 261.14 million in 2021 [24]. - The basic earnings per share for 2022 was CNY 0.57, a slight decrease of 1.72% from CNY 0.58 in 2021 [25]. - The company's net assets attributable to shareholders increased by 17.18% to CNY 2.54 billion at the end of 2022, compared to CNY 2.17 billion at the end of 2021 [24]. - The total assets of the company grew by 42.44% to CNY 6.37 billion in 2022, up from CNY 4.47 billion in 2021 [24]. - The company experienced a significant decline in cash flow from operating activities, reporting a net cash outflow of CNY 123.44 million in 2022, compared to a positive cash flow of CNY 283.96 million in 2021, marking a decrease of 143.47% [24]. - The company's return on equity (ROE) decreased to 11.84% in 2022, down from 13.96% in 2021, primarily due to a decrease in net profit attributable to shareholders [25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 42.24% to CNY 128.34 million in 2022, compared to CNY 222.18 million in 2021 [24]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.3 per 10 shares, totaling an estimated cash dividend of RMB 62,954,759.40 based on the current total share capital of 488,164,280 shares [6]. - The board of directors has approved the profit distribution plan, which will be submitted for shareholder approval [6]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profits will be allocated to dividends from 2022 to 2024 [122]. - The company declared a cash dividend of CNY 62,954,759.40, which represents 23.00% of the net profit attributable to ordinary shareholders in the consolidated financial statements [126]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm [5]. - The company has ensured the accuracy and completeness of the annual report, with all board members present at the meeting [4]. - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity of the annual report [10]. - The company has not violated any decision-making procedures for providing guarantees [9]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties [8]. - There are no significant lawsuits or arbitration matters reported for the year [156]. - The company has no major related party transactions that have not been disclosed in previous announcements [157]. Market and Operational Strategy - The company has not disclosed any major changes in its operational strategy or market expansion plans in the report [7]. - The company faced challenges in traditional product sales due to reduced investment in the consumer goods sector, but capitalized on the growing demand for equipment upgrades in the liquor industry [33]. - The company achieved significant progress in market expansion for its intelligent packaging production lines, particularly in the liquor industry, while actively entering the beverage sector, resulting in a notable increase in orders [34]. - The company secured nearly CNY 4 billion in new orders for its intelligent packaging production line, reflecting a growth of over 20% compared to 2021, despite a decline in standard equipment sales [33]. Research and Development - Research and development expenses increased by 33.28% to 218,623,003.70 CNY, driven by higher material costs and salaries for R&D personnel [51]. - The company invested in the research and development of new sterile and ultra-clean intelligent packaging production lines for liquid foods, including high-speed sterile carton filling lines and sterile plastic bottle filling lines, to replace imports [35]. - The company is focusing on technological innovation, smart manufacturing, and green production as key development tasks for the packaging machinery industry [86]. - The company is actively pursuing the development of advanced manufacturing technologies, including 3D printing and artificial intelligence, to improve equipment manufacturing levels [86]. Financial Management - The company reported a total of RMB 310.46 million in financial assets at fair value, with significant changes in the fair value of investments [78]. - The company has a significant inventory balance that is increasing rapidly, which could affect operational efficiency if not managed properly [94]. - The company’s operating cash flow net amount decreased by 143.47%, primarily due to increased procurement of raw materials and reduced cash inflow from standard machine sales [52]. - The company’s management is responsible for the accuracy of other information included in the annual report, which is separate from the financial statements and audit opinion [200]. Shareholder and Governance Structure - The total number of shares held by the chairman, Luo Bangyi, remained unchanged at 44,680,000 shares, with a pre-tax remuneration of 560,500 CNY [101]. - Vice Chairman, Lü Jie, maintained 171,600,000 shares, receiving a pre-tax remuneration of 806,000 CNY [101]. - The total number of shares held by the company’s executives at the end of the reporting period was 219,808,906 shares, with a total pre-tax remuneration of 5,264,200 CNY [101]. - The company’s governance structure includes a mix of experienced professionals and independent directors to ensure effective oversight and strategic guidance [103]. - The company has maintained a stable shareholding structure among its top executives, with no significant changes in shareholdings during the reporting period [101]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact the food and beverage industry's demand, which is significant for its operations [92]. - The company is exposed to market competition risks due to a large number of small domestic packaging equipment manufacturers, which may lead to price pressure and reduced profit margins [92]. - The company has engaged in mergers and acquisitions to consolidate its position in the industry, but management risks may arise if acquired companies do not integrate smoothly [94]. Employee and Labor Management - The total number of employees in the company and its main subsidiaries is 5,189, with 835 in the parent company and 4,354 in subsidiaries [117]. - The company has a structured training program with a 90% pass rate for training evaluations in 2022 [120]. - The company has a total of 1,001 technical personnel among its employees [117]. Capital Structure and Financing - The company issued 6,105,470 convertible bonds with a total amount of RMB 61,054.70 million, with a maturity of 6 years and a coupon rate increasing from 0.30% in the first year to 2.50% in the sixth year [169]. - The company plans to issue convertible bonds to raise funds, with a commitment to ensure that the measures to mitigate the dilution of immediate returns are effectively implemented [146]. - The company’s asset-liability ratio was 58.57%, indicating a moderate overall debt level [192]. - The company plans to utilize the net cash flow generated from investment projects to repay its debts in the future [192].

Financial Performance - The company's operating revenue for Q1 2023 was ¥747,881,842.27, representing a year-on-year increase of 17.27%[5] - The net profit attributable to shareholders for Q1 2023 was ¥74,314,260.68, reflecting a growth of 34.46% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was ¥0.16, an increase of 37.93% year-on-year[5] - Total revenue for Q1 2023 reached ¥747,881,842.27, an increase of 17.3% compared to ¥637,737,091.10 in Q1 2022[18] - Operating profit for Q1 2023 was ¥94,440,422.08, up 52.5% from ¥61,956,012.04 in Q1 2022[19] - Net profit for Q1 2023 amounted to ¥74,573,317.85, representing a 34.9% increase from ¥55,257,125.62 in Q1 2022[19] - Basic earnings per share for Q1 2023 were ¥0.16, compared to ¥0.12 in Q1 2022, reflecting a 33.3% increase[20] - The total comprehensive income for Q1 2023 was ¥74,561,324.03, compared to ¥55,042,499.27 in Q1 2022, indicating a 35.6% increase[20] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to ¥6,584,074,596.89, which is a 3.35% increase from the end of the previous year[6] - The company's current assets totaled RMB 4,402,406,363.84, compared to RMB 4,239,323,091.96 at the end of 2022, indicating an increase of about 3.86%[16] - Total liabilities as of March 31, 2023, were RMB 4,402,406,363.84, reflecting a slight increase from the previous period[16] - Total liabilities as of Q1 2023 were ¥3,867,488,138.02, compared to ¥3,731,131,207.31 in Q1 2022, indicating a 3.7% increase[18] - Non-current liabilities totaled ¥1,312,135,767.01 in Q1 2023, up from ¥1,054,522,465.95 in Q1 2022, marking a 24.5% increase[18] - The company's total equity reached ¥2,716,586,458.87 in Q1 2023, compared to ¥2,639,249,065.42 in Q1 2022, reflecting a 2.9% increase[18] Cash Flow - The net cash flow from operating activities for Q1 2023 was -¥151,423,033.62, indicating a significant cash outflow[5] - In Q1 2023, the cash inflow from operating activities totaled $723,182,703, an increase from $678,710,054 in Q1 2022, representing a growth of approximately 6.9%[22] - The net cash outflow from operating activities was -$151,423,033.62, improving from -$244,171,406.58 in the same period last year[22] - The cash inflow from investment activities was $16,278,146.25, significantly higher than $1,876,438.06 in Q1 2022[23] - The net cash outflow from investment activities was -$76,835,678.87, an improvement from -$195,821,884.47 year-over-year[23] - The cash inflow from financing activities was $323,200,000, slightly down from $360,809,801.91 in Q1 2022[23] - The net cash flow from financing activities was $208,248,223.75, compared to $299,479,060.83 in the previous year, indicating a decrease of approximately 30.5%[23] - The ending cash and cash equivalents balance was $962,351,203.25, up from $541,954,832.70 at the end of Q1 2022[23] - The company reported a cash increase of $20,640,566.53 in Q1 2023, an improvement from a decrease of $140,949,631.55 in Q1 2022[23] Investments and Expenses - Research and development expenses for Q1 2023 were ¥52,921,580.31, an increase of 16.4% from ¥45,465,006.54 in Q1 2022[19] - The company reported an investment income of ¥5,318,550.64 in Q1 2023, compared to a loss of ¥372,686.96 in Q1 2022[19] - The company experienced a 108.1% increase in financial expenses year-to-date, mainly due to increased bank borrowings and amortization of convertible bond interest[9] - The company reported a decrease in short-term borrowings to RMB 437,263,210.54 from RMB 463,506,350.29, a reduction of about 5.24%[16] - The company’s long-term equity investments decreased to RMB 9,035,855.66 from RMB 9,541,040.95, a decline of about 5.29%[16] - The company’s goodwill remained relatively stable, with a slight decrease from RMB 207,843,255.44 to RMB 206,680,494.59[16]

杭州永创智能设备股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩 暨现金分红说明会的公告 | 证券代码：603901 | 证券简称：永创智能 | 公告编号：2023-026 | | --- | --- | --- | | 转债代码：113654 | 转债简称：永 02 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： 投资者可于 2023 年 05 月 04 日(星期四) 至 05 月 10 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@youngsunpack.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。 杭州永创智能设备股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日发布公司 2022 年度报告及 2023 年一季度报告，为便于广大投资者更全面深入 地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 05 月 11 日 下午 15:00 ...

Company Quarterly Report Overview [Key Financial Data](index=1&type=section&id=%E4%B8%80.%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) In Q3 2022, the company's revenue grew steadily, while net profit attributable to shareholders significantly increased by 117.57%, primarily due to fair value changes from an associate's IPO; however, net profit excluding non-recurring items decreased by 24.81%, and year-to-date net cash flow from operating activities was -306 million CNY, indicating significant working capital pressure [Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company achieved Q3 revenue of 776 million CNY, up 4.81% YoY, and net profit attributable to shareholders of 185 million CNY, up 117.57% YoY, with year-to-date cumulative revenue reaching 2.17 billion CNY, up 9.71% YoY, and cumulative net profit of 313 million CNY, up 43.72% YoY, primarily driven by non-recurring gains Key Accounting Data and Financial Indicators | Item | Current Period (Q3 2022) | YoY Change (%) | YTD (Q3 2022) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 775,607,639.60 CNY | 4.81 | 2,172,495,369.15 CNY | 9.71 | | **Net Profit Attributable to Shareholders of Listed Company** | 184,795,499.63 CNY | 117.57 | 312,859,058.25 CNY | 43.72 | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 59,816,936.73 CNY | -24.81 | 190,269,436.67 CNY | -9.33 | | **Net Cash Flow from Operating Activities** | N/A | N/A | -306,213,052.93 CNY | -750.77 | | **Total Assets (End of Period)** | 6,061,438,137.10 CNY | 35.53 (vs. End of Prior Year) | 6,061,438,137.10 CNY | 35.53 (vs. End of Prior Year) | | **Shareholders' Equity Attributable to Shareholders of Listed Company (End of Period)** | 2,565,840,915.13 CNY | 18.23 (vs. End of Prior Year) | 2,565,840,915.13 CNY | 18.23 (vs. End of Prior Year) | - Net profit attributable to shareholders increased by **117.57%** year-on-year, primarily due to the listing of Shandong Xinjufeng Packaging Materials Co., Ltd., an associate company, in September 2022, leading to the recognition of fair value change gains and losses[5](index=5&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for the current period amounted to 125 million CNY, with fair value change gains and losses from transactional financial assets being the largest item at 139 million CNY, mainly due to the revaluation of equity in associate Shandong Xinjufeng Packaging Materials Co., Ltd. upon its IPO Non-recurring Gains and Losses Items | Item | Current Period Amount (CNY) | YTD Amount (CNY) | | :--- | :--- | :--- | | Non-current Asset Disposal Gains/Losses | 9,277.45 | 53,209.73 | | Government Grants Recognized in Current P&L | 6,501,191.04 | 15,261,375.63 | | Fair Value Change Gains/Losses | 138,588,645.93 | 129,219,613.13 | | Other Non-operating Income/Expenses | -179,696.84 | -857,808.05 | | **Total** | **124,978,562.90** | **122,589,621.58** | - The primary source of fair value change gains and losses was the listing of Shandong Xinjufeng Packaging Materials Co., Ltd., an associate company, on September 2, 2022, which led to the adjustment of the fair value of the corresponding equity investment[7](index=7&type=chunk) [Analysis of Changes in Key Financial Data and Indicators](index=3&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) At the end of the reporting period, several balance sheet items, including prepayments, long-term borrowings, and construction in progress, showed significant changes, primarily linked to increased sales, raw material stocking, project construction, and equity acquisitions, while net cash flow from operating activities sharply declined by 750.77% due to increased procurement and personnel costs from smart production line orders Key Financial Data and Indicator Changes | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 146.17 | Increased procurement due to expanded sales scale and raw material stocking | | Other Non-current Financial Assets | 100.99 | Adjustment of fair value change gains/losses due to associate company IPO | | Construction in Progress | 68.53 | Advancement of expansion projects | | Short-term Borrowings | 85.31 | Increase in working capital borrowings | | Long-term Borrowings | 257.63 | Increase in equity acquisition loans and construction project borrowings | | R&D Expenses | 37.32 | Increase in R&D personnel salaries | | Net Cash Flow from Operating Activities | -750.77 | Increased procurement expenses due to growth in smart production line product orders, and increased salary expenses | [Shareholder Information](index=3&type=section&id=%E4%BA%8C.%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the end of the reporting period, the company had 12,497 common shareholders, with a relatively concentrated equity structure where the actual controllers, Ms. Lü Jie and Mr. Luo Bangyi, along with their controlled entities, collectively hold over 50% of the shares, and the top ten shareholders include several well-known public funds [Shareholder Holding Status](index=3&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of September 30, 2022, the company had 12,497 shareholders, with the top two shareholders, Lü Jie and Luo Bangyi (actual controllers), holding 35.13% and 9.15% respectively, and the top ten shareholders also including various public funds such as Xingquan, Jiashe, and Fuguo - As of the end of the reporting period, the company had **12,497** common shareholders[10](index=10&type=chunk) - The company's actual controllers are Ms. Lü Jie and Mr. Luo Bangyi; Ms. Lü Jie holds **35.13%**, and Mr. Luo Bangyi holds **9.15%**, with Hangzhou Kangchuang Investment Co., Ltd., controlled by Mr. Luo Bangyi, holding an additional **5.58%**, bringing their combined stake to approximately **49.86%**[11](index=11&type=chunk)[12](index=12&type=chunk) - Several institutional investors, including public funds such as Xingquan Hetai, Jiashe Value Selection, and Fuguo Tianhui Selection Growth, appeared among the top ten shareholders[11](index=11&type=chunk) [Other Significant Matters](index=5&type=section&id=%E4%B8%89.%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) Two significant events for investors during the reporting period include the successful issuance of 611 million CNY in convertible bonds, 'Yong02 Convertible Bonds,' and the IPO of associate Xinjufeng on the ChiNext board, whose equity fair value changes will continuously impact the company's profit and loss - The company publicly issued **611 million CNY** in convertible bonds ('Yong02 Convertible Bonds') on August 4, 2022, which were listed on the Shanghai Stock Exchange on September 1[13](index=13&type=chunk) - Shandong Xinjufeng Technology Packaging Co., Ltd., an associate company, was listed on the ChiNext board of the Shenzhen Stock Exchange on September 2, 2022; the company, adopting new financial instrument standards, measures this equity investment at fair value with changes recognized in current profit and loss, which will impact the company's financial position and operating results[13](index=13&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B.%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the unaudited consolidated financial statements for Q3 2022, with the balance sheet showing significant asset expansion and corresponding liability increases, the income statement reflecting revenue growth and substantial investment income contributions to net profit, and the cash flow statement revealing tight operating cash flow primarily sustained by financing activities [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, the company's total assets reached 6.06 billion CNY, up 35.53% from the beginning of the year, and total liabilities were 3.40 billion CNY, up 50.42% from the beginning of the year, with asset growth primarily driven by inventories, fixed assets, construction in progress, and other non-current financial assets, while liability growth mainly stemmed from significant increases in short-term and long-term borrowings Consolidated Balance Sheet Summary | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **6,061,438,137.10** | **4,472,256,211.73** | **35.53** | | Inventories | 2,219,627,852.40 | 1,696,609,611.78 | 30.83 | | Other Non-current Financial Assets | 309,291,493.89 | 153,884,493.89 | 100.99 | | Fixed Assets | 681,186,214.86 | 459,726,257.04 | 48.17 | | Construction in Progress | 314,686,171.42 | 186,723,559.22 | 68.53 | | **Total Liabilities** | **3,397,374,318.23** | **2,258,541,820.00** | **50.42** | | Short-term Borrowings | 681,948,202.42 | 368,005,671.05 | 85.31 | | Long-term Borrowings | 191,951,297.50 | 53,672,555.56 | 257.63 | | **Shareholders' Equity** | **2,664,063,818.87** | **2,213,714,391.73** | **20.34** | [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first three quarters of 2022, the company achieved total operating revenue of 2.17 billion CNY, up 9.71% YoY, and net profit attributable to shareholders of 313 million CNY, up 43.72% YoY, with profit growth primarily driven by 130 million CNY in fair value change gains, alongside faster growth in operating costs and R&D expenses Consolidated Income Statement Summary | Item | Q1-Q3 2022 (CNY) | Q1-Q3 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,172,495,369.15 | 1,980,258,680.11 | 9.71 | | Total Operating Costs | 1,954,429,891.30 | 1,717,665,519.59 | 13.78 | | R&D Expenses | 146,455,842.15 | 106,649,178.36 | 37.32 | | Fair Value Change Gains | 129,907,000.00 | 0.00 | N/A | | Operating Profit | 362,564,323.98 | 259,765,941.81 | 39.57 | | **Net Profit Attributable to Shareholders** | **312,859,058.25** | **217,685,484.02** | **43.72** | | **Basic Earnings Per Share (CNY/share)** | **0.66** | **0.50** | **32.00** | [Consolidated Cash Flow Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2022, net cash flow from operating activities was -306 million CNY, turning negative year-on-year mainly due to increased procurement and labor costs, while net cash outflow from investing activities was 516 million CNY, primarily for long-term asset acquisition, and net cash inflow from financing activities was 946 million CNY, mainly from new borrowings, covering operating and investing cash shortfalls Consolidated Cash Flow Statement Summary | Item | Q1-Q3 2022 (CNY) | Q1-Q3 2021 (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | **-306,213,052.93** | **47,053,861.90** | | **Net Cash Flow from Investing Activities** | **-515,847,993.06** | **-329,028,587.59** | | **Net Cash Flow from Financing Activities** | **946,313,058.03** | **-12,285,862.17** | | Net Increase in Cash and Cash Equivalents | 130,641,180.02 | -295,266,055.19 | - Operating cash outflows primarily consisted of cash paid for goods and services purchased (**1.72 billion CNY**) and cash paid to employees (**483 million CNY**), both significantly higher than the same period last year[25](index=25&type=chunk) - Cash inflows from financing activities mainly originated from borrowings received (**1.54 billion CNY**), significantly exceeding the **406 million CNY** from the same period last year, effectively supporting the company's cash flow[26](index=26&type=chunk)