证券代码：605055 证券简称：迎丰股份 公告编号：2023-024 经公司自查，公司目前生产经营活动一切正常，内外部经营环境未发生重大 变化。 －1－ 浙江迎丰科技股份有限公司 股票交易异常波动公告 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： 一、股票交易异常波动的具体情况 公司股票于 2023 年 10 月 16 日、10 月 17 日、10 月 18 日连续三个交易日内 收盘价格涨幅偏离值累计达到 20%。根据《上海证券交易所交易规则》的相关规 定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 浙江迎丰科技股份有限公司（以下简称"公司"或"迎丰股份"）股票于 2023 年 10 月 16 日、10 月 17 日、10 月 18 日连续三个交易日内收盘价 格涨幅偏离值累计达到 20%。根据《上海证券交易所交易规则》的相关规 定，属于股票交易异常波动情形。 经公司自查并向公司控股股东及实际控制人核实，截至本公告披露日， 不存在应披露而未披露的重大信息。 公司股票 2 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥710,641,144.71, representing a 7.06% increase compared to ¥663,755,704.20 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2023 was ¥9,324,203.11, a significant turnaround from a loss of ¥11,309,052.44 in the previous year, marking an increase of 182.45%[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥388,180.91, compared to a loss of ¥18,913,372.38 in the same period last year, reflecting an increase of 102.05%[19]. - The net cash flow from operating activities for the first half of 2023 was ¥38,452,846.83, a decrease of 51.72% from ¥79,641,314.11 in the previous year[19]. - Basic earnings per share rose to 0.02 yuan, a 166.67% increase from -0.03 yuan in the same period last year[20]. - The weighted average return on net assets improved by 1.83 percentage points, reaching 0.84%[20]. - The gross profit margin improved due to a decrease in energy prices and an increase in sales prices of some products[21]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders were ¥1,117,924,242.89, a slight increase of 0.84% from ¥1,108,600,039.78 at the end of the previous year[19]. - The total assets as of the end of the reporting period were ¥2,232,929,926.31, showing a decrease of 2.58% from ¥2,292,177,318.65 at the end of the previous year[19]. - Cash and cash equivalents decreased by 57.93% to CNY 189,448,582.10, primarily due to payments for newly consolidated subsidiaries[38]. - Intangible assets increased by 268.09% to CNY 379,796,057.51, mainly due to the addition of new consolidated subsidiaries[38]. - Long-term borrowings increased by 326.67% to CNY 38,429,525.00, reflecting an increase in long-term debt during the period[38]. - Other payables increased by 116.54% to CNY 78,321,297.39, primarily due to unpaid equity acquisition payments for subsidiaries[38]. - The total liabilities decreased to CNY 1,107,292,456.80 from CNY 1,175,189,809.37, a reduction of about 5.8%[95]. Environmental and Sustainability Efforts - The company has established a comprehensive environmental management system and has achieved ISO14001 certification[28]. - The wastewater reuse facility has achieved a reuse rate of over 60% through advanced treatment processes[29]. - The company has implemented a comprehensive wastewater treatment system that operates 24/7, ensuring compliance with environmental discharge standards[56]. - The company has received certifications such as ISO14001 and titles like "National Green Factory" and "Zhejiang Province Green Enterprise" for its environmental management efforts[63]. - The company emphasizes clean production and green manufacturing, focusing on reducing emissions through technological innovation[63]. - The company has installed noise reduction measures, maintaining factory noise levels between 55-70 decibels, compliant with national standards[55]. Market Position and Strategy - The company is focused on technological innovation and sustainable development in the textile dyeing industry[26]. - The company plans to continue expanding its market presence and improving product quality to increase market share[34]. - The company is facing challenges from high raw material prices and insufficient downstream demand, impacting overall industry competitiveness[32]. - The company is exploring potential mergers and acquisitions to enhance its market position and technological capabilities[96]. Shareholder and Corporate Governance - The largest shareholder, Zhejiang Zheyu Holding Group Co., Ltd., holds 218,273,684 shares, accounting for 49.61% of total shares[83]. - The company has committed to not engage in any competitive activities directly or indirectly related to its business operations[70]. - The company has established a two-year lock-up period for shareholding reductions post-IPO, with a three-day notice period for any planned reductions[69]. - The company guarantees that it will not interfere with the management activities of the company or infringe on its interests[70]. - The total number of ordinary shareholders reached 15,031 by the end of the reporting period[81]. Risk Management - The management has provided a detailed risk analysis in the report, highlighting potential risks in production and operations[5]. - The company is exposed to risks from fluctuations in raw material and energy prices, which significantly impact its cost structure[44]. - The company faces significant competition in the textile dyeing industry, with many small enterprises leading to intense market competition[43]. Financial Reporting and Compliance - The company has committed to ensuring the accuracy and completeness of its prospectus, with legal responsibilities for any misleading statements[72]. - There were no significant lawsuits or arbitration matters during the reporting period[74]. - The company has not reported any violations or penalties involving its directors, supervisors, or senior management during the reporting period[74]. - The financial statements are prepared based on the principle of continuous operation and comply with the requirements of enterprise accounting standards[139].

证券代码：605055 证券简称：迎丰股份 公告编号：2023-022 浙江迎丰科技股份有限公司 关于参与土地使用权竞拍的进展公告 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法律责任。 一、交易概述 浙江迎丰科技股份有限公司（以下简称"公司"）于近日参与了柯桥马鞍 2022-15 地块土地使用权竞拍，具体内容详见公司于 2023 年 8 月 8 日在上海证 券交易所网站（www.sse.com.cn）披露的《浙江迎丰科技股份有限公司关于参与 土地使用权竞拍的公告》（公告编号：2023-020）。 二、交易进展情况 近日，公司与绍兴市自然资源和规划局签署了《成交确认书》及《国有建 设用地使用权出让合同》，（以下简称"土地出让合同"），确认竞得目标地 块国有建设用地使用权。 受让人：浙江迎丰科技股份有限公司 2、宗地编号：柯桥马鞍2022-15地块 3、宗地面积：76,680平方米 4、宗地坐落：柯桥区马鞍街道，东至华宇纸业，南至迎丰科技，西至柯海 大道，北至立信鼎乘。 5、宗地用途：工业用地 三、土地出让合同的主要内容 1、合同双方当 ...

证券代码：605055 证券简称：迎丰股份 公告编号：2023-021 浙江迎丰科技股份有限公司 关于吸收合并全资子公司的进展公告 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法律责任。 至此，本次吸收合并事项已完成。由于绍兴布泰系公司的全资子公司，其财 务报表已纳入公司合并报表范围内，本次吸收合并属于内部股权整合事项，不会 对公司的财务状况和经营成果产生实质性影响，亦不会损害公司及全体股东的利 益。且本次吸收合并不涉及公司名称、注册资本、股权结构以及董事会、监事会 和高级管理人员的构成变化，公司无需进行工商变更登记。 一、吸收合并全资子公司概述 浙江迎丰科技股份有限公司（以下简称"公司"）已分别于2023年4月25日、 2023年5月18日召开第三届董事会第二次会议、2022年年度股东大会审议通过了 《关于吸收合并全资子公司的议案》，同意公司吸收合并全资子公司绍兴布泰纺 织印染有限公司（以下简称"绍兴布泰"）。本次吸收合并完成后，绍兴布泰的 独立法人资格将被注销，其全部资产、负债、权益由公司承接。具体内容详见公 司分别于2023年4 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥297,870,183.19, representing a decrease of 4.00% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥9,784,246.95, a decline of 222.62% year-on-year[5]. - The net cash flow from operating activities was -¥93,245,849.12, reflecting a significant decrease of 2,498.32% compared to the previous year[5]. - Basic earnings per share for the period was -¥0.02, a decrease of 222.62% year-on-year[6]. - The net profit excluding non-recurring gains and losses was -¥15,371,266.96, a decline of 362.38% year-on-year[5]. - The company reported a net loss for Q1 2023, with specific figures not disclosed in the provided content[20]. - In Q1 2023, the company reported a net loss of CNY 10,096,340.64, compared to a net profit of CNY 7,808,153.38 in Q1 2022, representing a significant decline[22]. - Operating profit for Q1 2023 was CNY -11,615,279.77, down from CNY 7,965,113.24 in the same period last year[22]. - Total revenue from sales of goods and services was CNY 285,769,409.64, a decrease from CNY 301,290,623.88 in Q1 2022[23]. - Net profit for Q1 2023 was a loss of CNY 1,471,449.00, compared to a profit of CNY 8,178,588.23 in Q1 2022[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,413,099,055.00, an increase of 5.28% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 2,413,099,055.00, an increase from RMB 2,292,177,318.65 at the end of 2022[18]. - Total liabilities as of March 31, 2023, were RMB 1,306,207,886.36, compared to RMB 1,175,189,809.37 at the end of 2022[17]. - Current liabilities increased to RMB 1,224,368,323.17 from RMB 1,089,511,150.36 in the previous period[17]. - The company's equity attributable to shareholders was RMB 1,098,815,792.83, a slight decrease from RMB 1,108,600,039.78 at the end of 2022[18]. - Current liabilities totaled CNY 1,222,920,462.25, up from CNY 1,086,271,500.95 at the end of 2022, indicating increased short-term financial obligations[27]. - The company’s total liabilities increased to CNY 1,304,237,908.70 from CNY 1,169,987,352.79, reflecting a rise in overall debt levels[27]. Cash Flow - Cash and cash equivalents as of March 31, 2023, were RMB 310,917,258.35, down from RMB 450,294,757.62 at the end of 2022[15]. - The net cash flow from operating activities was CNY -93,245,849.12, compared to CNY 3,887,966.77 in Q1 2022, indicating a cash outflow[24]. - Investment activities resulted in a net cash outflow of CNY -112,921,474.45, worsening from CNY -53,772,086.82 in the previous year[24]. - The company raised CNY 259,785,000.00 through financing activities, marking a significant inflow compared to the previous year[24]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 179,402,136.60, down from CNY 104,809,671.83 at the end of Q1 2022[24]. - The company reported a gross profit margin of approximately 11.5% for Q1 2023, down from the previous year's margin[28]. - Cash and cash equivalents decreased to CNY 299,264,638.10 from CNY 432,354,265.37, indicating a decline in liquidity[28]. - The ending cash and cash equivalents balance was $167.75 million, a decrease from $316.78 million at the beginning of the period, indicating liquidity challenges[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,917[11]. - The largest shareholder, Zhejiang Zheyu Holdings Group Co., Ltd., held 49.61% of the shares[12]. Operational Efficiency - The company plans to focus on cost management and operational efficiency to improve future performance[20]. - Operating costs included RMB 263,322,155.01 in operating expenses, which rose slightly from RMB 262,062,069.89 in the previous year[20]. - Cash outflow related to other operating activities surged to $585.53 million from $33.82 million, highlighting increased operational costs[31]. - Research and development expenses for Q1 2023 were CNY 12,081,736.05, compared to CNY 15,458,446.62 in Q1 2022, reflecting a decrease[22]. - Research and development expenses decreased to CNY 10,641,045.62 in Q1 2023 from CNY 15,458,446.62 in Q1 2022, indicating a reduction in R&D investment[28]. Interest and Dividends - The company reported interest expenses of CNY 7,534,002.88 in Q1 2023, up from CNY 5,261,657.96 in the same period last year[22]. - The company paid $7.08 million in dividends and interest, an increase from $5.46 million in the previous year, reflecting a commitment to shareholder returns despite cash flow pressures[31]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2023, maintaining consistency in financial reporting[32].

Financial Performance - In 2022, the company reported a net profit attributable to shareholders of -47.48 million RMB, with a cumulative undistributed profit of 317.15 million RMB as of December 31, 2022[5]. - The company's operating revenue for 2022 was approximately ¥1.37 billion, representing a year-over-year increase of 5.34%[25]. - The net profit attributable to shareholders decreased by 153.78% to approximately -¥47.48 million, while the net profit excluding non-recurring gains and losses fell by 194.13% to approximately -¥62.62 million[25][27]. - Basic earnings per share dropped by 155.00% to -¥0.11, with diluted earnings per share also at -¥0.11[26]. - The weighted average return on equity decreased by 12.33 percentage points to -4.19%[26]. - The net cash flow from operating activities was approximately ¥170.60 million, down 33.06% from the previous year[25]. - Total assets increased by 8.02% to approximately ¥2.29 billion, while net assets attributable to shareholders decreased by 4.11% to approximately ¥1.11 billion[25]. - The company reported a quarterly revenue of approximately ¥354.82 million in Q4 2022, with a net profit of approximately -¥36.04 million[29]. - The gross margin for the dyeing and finishing segment was 7.27%, down from 17.19% in the previous year[55]. - The company achieved operating revenue of CNY 1,370.20 million, an increase of 5.34% compared to the previous year[50]. Operational Challenges - The company faced rising costs in energy sources such as natural gas and steam, impacting overall profitability[27]. - The domestic textile and apparel market demand was weak, leading to a significant reduction in market orders and underutilization of production capacity[27]. - The textile dyeing industry is experiencing increased pressure, with a loss ratio of 31% among major enterprises, up 12.08 percentage points from the previous year[42]. - The company’s knitted fabric revenue decreased by 8.95%, while woven fabric revenue increased by 24.42%[55]. - The production volume of knitted products was 79,751.0 tons, a decrease of 9.92% compared to the previous year, while sales volume was 79,653.9 tons, down 9.67%[56]. - The production volume of woven products was 378,738.6 thousand meters, an increase of 29.90% year-on-year, with sales volume at 379,050.1 thousand meters, up 31.63%[56]. Strategic Focus and Development - The company is focusing on digital transformation, having implemented ERP and MES systems, and launched 25 application scenarios to enhance operational efficiency and reduce costs[39]. - The company aims to transition from traditional scale-based growth to a modern quality and efficiency-oriented model, driven by technology and innovation[36]. - The company is committed to green and intelligent development, aligning with national policies on digital economy integration[38]. - The company plans to focus on technological innovation, product upgrades, and energy conservation to meet market consumption upgrades and enhance international competitiveness[76]. - The company aims to increase R&D expenditure to 1.3% of main business income by the end of the 14th Five-Year Plan, promoting the development of a common technology R&D system[77]. - The company will increase investment in independent innovation, focusing on advanced technologies such as salt-free dyeing and low-urea reactive dye printing[81]. Governance and Compliance - The company has maintained a standard unqualified audit opinion from Tianjian Accounting Firm[4]. - The company has not reported any instances where a majority of directors could not ensure the authenticity and completeness of the annual report[7]. - The company has not engaged in any related party transactions that would compromise its independence[89]. - The independent directors have been actively fulfilling their duties, ensuring the company's governance aligns with regulatory requirements[89]. - The company has maintained a consistent and transparent information disclosure process, adhering to its management system[88]. - The company has a strong commitment to confidentiality regarding insider information, with no reported violations during the reporting period[89]. Environmental Responsibility - The company invested approximately 60.07 million yuan in environmental protection during the reporting period[123]. - The company achieved a wastewater reuse rate exceeding 60% through advanced treatment processes[126]. - The company has established a comprehensive environmental management system and obtained ISO 14001 certification, along with titles such as "National Green Factory" and "Zhejiang Province Green Enterprise"[131]. - The company focuses on clean production and green manufacturing processes to minimize waste emissions through technological innovation[131]. - The company has established effective control mechanisms for subsidiary management, enhancing operational efficiency and risk management[120]. Shareholder Relations and Commitments - The company plans not to distribute profits or increase capital from reserves for the year, pending approval at the 2022 annual general meeting[5]. - The controlling shareholder Zhejiang Yu Holdings and actual controllers Fu Shuangli and Ma Yingbo will publicly apologize to shareholders and investors for violations of commitments regarding share reduction[139]. - The company guarantees that it will not engage in any competitive activities directly or indirectly related to its business[141]. - The company commits to avoiding competition with any expanded products or business lines in the future[141]. - The company will ensure that any reduction in shares will be conducted through legal means, including public trading and block trading[139]. Financial Management - The company has implemented accounting policy changes effective from January 1, 2022, which resulted in adjustments to fixed assets amounting to CNY 6,743,789.51[146]. - The company has committed to ensuring the accuracy and integrity of its prospectus, with legal responsibilities for any misstatements or omissions[145]. - The company has no major litigation or arbitration matters during the reporting period[152]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022[178]. - Key audit matters include revenue recognition, with a focus on ensuring compliance with accounting standards[180].

重要内容提示： 投资者可于 2023 年 04 月 27 日(星期四) 至 05 月 08 日(星期一)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 （YF_yinran@126.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。 证券代码：605055 证券简称：迎丰股份 公告编号：2023-015 浙江迎丰科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 公告 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。 浙江迎丰科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 05 月 09 日 上午 09:00-10:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成 ...

2022 年第三季度报告 证券代码：605055 证券简称：迎丰股份 浙江迎丰科技股份有限公司 2022 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法律责任。 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 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 1 / 18 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 动幅度(%) 年初至报告期末 年初至报告 期末比上年 同期增减变 动幅度(%) 营业收入 351,619,892.30 -6.41 1,015,375,596.50 23.03 归属于上市公司股东 的净利润 -135,740.83 -102.30 -11,444,793.27 -118.47 归属于上市公司股东 的扣除非 ...

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a 15% increase compared to the same period last year[13]. - The net profit attributable to shareholders reached 80 million CNY, which is a 10% increase year-over-year[13]. - The company's operating revenue for the first half of 2022 was ¥663,755,704.20, representing a 47.63% increase compared to ¥449,606,910.94 in the same period last year[22]. - The net profit attributable to shareholders for the same period was -¥11,309,052.44, a decrease of 120.17% from ¥56,055,632.04 in the previous year[22]. - The basic earnings per share for the first half of 2022 was -¥0.03, a decline of 123.08% compared to ¥0.13 in the same period last year[23]. - The company's cash flow from operating activities was ¥79,641,314.11, a decrease of 44.02% from ¥142,270,705.43 in the same period last year[22]. - The total comprehensive income for the first half of 2022 was a loss of CNY 12,409,615.27, compared to a profit of CNY 56,024,938.14 in the first half of 2021[115]. - The company's financial expenses rose to CNY 11,739,166.17 in the first half of 2022, compared to CNY 5,611,507.19 in the same period of 2021, indicating an increase of approximately 109.5%[114]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[13]. - Future guidance estimates a revenue growth of 18% for the full year 2022, with a projected net profit margin of 16%[13]. - The company is focusing on smart production, having launched a project with an annual capacity of 131 million meters of high-end fabric, enhancing its production management capabilities[32]. - The company plans to enhance its market share by expanding sales and improving product quality, while also investing in digital and intelligent workshop construction[36]. - The company is considering potential acquisitions to bolster its market position, with discussions ongoing regarding F potential targets[84]. Research and Development - The company has allocated 30 million CNY for R&D in innovative textile technologies, focusing on eco-friendly materials[13]. - Research and development expenses rose by 57.15% to ¥31,136,449.84, reflecting higher investment in R&D activities[38]. - The company is investing in R&D, allocating D million towards the development of innovative technologies aimed at enhancing user experience[82]. - The company is committed to technology development, aiming to increase its capacity for high-end textile dyeing and improve product value[35]. Environmental Commitment - The company has established a wastewater reuse facility with a reuse rate exceeding 60% and has implemented an online monitoring system for wastewater discharge[31]. - The company has received ISO 14001 certification for its environmental management system and has been recognized as a "National Green Factory" and "Zhejiang Province Green Enterprise"[34]. - The company has implemented energy-saving measures, including the introduction of a "smart electricity" system to monitor and optimize electricity consumption[35]. - The company has committed to a clean production philosophy, focusing on technological innovation to minimize waste emissions and enhance environmental performance[66]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and fluctuating raw material costs, which could impact profitability[13]. - The company faces industry competition risks due to a high number of small to medium-sized enterprises in the dyeing and finishing industry[49]. - The company is exposed to raw material and energy price fluctuation risks, which could impact cost control and pricing strategies[49]. - Environmental risks are heightened due to stricter regulations on waste emissions, which could increase operational costs[49]. - The company faces labor cost challenges as the textile dyeing industry is labor-intensive, with rising domestic labor costs impacting operational expenses[50]. Shareholder Information - The company has committed to not transferring or entrusting shares held by major shareholders for six months post-IPO[71]. - The lock-up period for major shareholders, including Zhiyu Holdings and Fu Shuangli, is set to expire on January 29, 2023, allowing for potential share reductions[74]. - Shareholders are permitted to reduce their holdings by a maximum of 25% of their pre-IPO shares each year during the 2-year period following the lock-up expiration[75]. - The company reported a total share reduction limit of 5% of the total shares before the initial public offering within 2 years after the lock-up period ends[73]. Financial Position - The total assets at the end of the reporting period were ¥2,092,460,115.44, a decrease of 1.08% from ¥2,115,305,403.49 at the end of the previous year[22]. - The company's cash and cash equivalents decreased by 31.06% to ¥182,735,887.99, mainly due to significant net cash outflow from operating activities[41]. - The company's total liabilities decreased slightly to ¥938,576,705.08 from ¥964,954,105.21, a reduction of approximately 2.7%[103]. - The company's total equity attributable to shareholders was CNY 1,135,575,044.52 as of June 30, 2022, compared to CNY 1,147,984,659.79 at the beginning of the year, indicating a slight decline of approximately 1.1%[108]. Compliance and Governance - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations for the next 12 months[137]. - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position, operating results, changes in equity, and cash flows[139]. - The company has established specific accounting policies and estimates for financial instrument impairment, fixed asset depreciation, and revenue recognition based on its operational characteristics[138].

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 83.24 million yuan, with retained earnings at the end of the year amounting to 357.88 million yuan[6]. - The company's operating revenue for 2021 was CNY 1,261,684,395, representing a 61.82% increase compared to CNY 779,660,526 in 2020[22]. - Net profit attributable to shareholders of the listed company increased by 3.23% to CNY 83,243,350 in 2021, up from CNY 80,642,486 in 2020[22]. - The net profit after deducting non-recurring gains and losses decreased by 23.34% to CNY 61,473,845 in 2021, compared to CNY 80,191,785 in 2020[22]. - The net cash flow from operating activities increased by 134.77% to CNY 287,638,679 in 2021, up from CNY 122,521,459 in 2020[22]. - Total assets at the end of 2021 were CNY 2,115,305,403, a 31.34% increase from CNY 1,610,508,896.80 at the end of 2020[22]. - Basic earnings per share for 2021 were CNY 0.19, down 13.64% from CNY 0.22 in 2020[23]. - The weighted average return on equity decreased by 3.82 percentage points to 7.70% in 2021, compared to 11.52% in 2020[23]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital for the year, focusing on long-term sustainable development[6]. - The company plans to retain undistributed profits to ensure sufficient liquidity for normal operations and to invest in research and development, rather than distributing cash dividends[119]. - There are no plans for cash profit distribution or stock dividends for the current year due to operational risks and rising costs[119]. Research and Development - The company invested 50.10 million yuan in R&D during the reporting period, maintaining a continuous growth trend, and holds 12 invention patents and over 60 utility model patents[36]. - R&D expenses increased by 57.98% to CNY 50.10 million, indicating a focus on innovation and product development[51]. - The company aims to enhance its R&D capabilities by developing high-quality textile dyeing technologies and functional textile dyeing technologies, aiming to maintain its technological advantage in the industry[80]. Market and Competitive Position - The company attributed the revenue growth to the launch of the "1.31 billion meters high-end fabric intelligent green dyeing project"[24]. - The company is focusing on enhancing market share and product profit margins by adjusting product structure and expanding its customer base[37]. - The textile dyeing industry showed resilience in 2021, with production volume and export scale improving compared to pre-pandemic levels[38]. - The company is actively responding to market challenges, including high raw material prices and global economic uncertainties, to stabilize its growth[39]. Environmental Management - The company has established a water reuse facility with a wastewater reuse rate exceeding 60%[44]. - The company has invested in pollution control technologies, including a closed-loop system for exhaust gas treatment, which reduces energy consumption during production[125]. - The company has established an emergency response plan for environmental incidents, with plans registered with the local environmental protection bureau[129]. - The company has been proactive in adopting advanced dyeing and environmental protection equipment to promote energy conservation and emission reduction[133]. Governance and Management - The company has established a sound governance structure, with effective internal controls and compliance with legal regulations, ensuring independent operation from its controlling shareholders[89]. - The company has maintained transparency in information disclosure, ensuring timely and accurate reporting of significant events and changes[90]. - The company has a diverse management team with extensive experience in the textile and dyeing industry, indicating strong leadership capabilities[97]. - The company has a structured remuneration decision process for directors and senior management, with the board of directors making the final decisions[103]. Risks and Challenges - The company faces risks from intense competition in the dyeing industry, characterized by a high number of small enterprises and low industry concentration[83]. - Fluctuations in raw material and energy prices significantly impact the company's operational costs, which could adversely affect its business if not managed effectively[83]. - The ongoing COVID-19 pandemic poses risks to consumer confidence and may disrupt production, sales, procurement, and logistics, affecting overall performance[86]. Shareholder Information - The largest shareholder, Zhejiang Zheyu Holdings Group Co., Ltd., holds 218,273,684 shares, representing 49.61% of total shares[174]. - The company completed a public offering of 80 million shares, increasing total shares from 360 million to 440 million[166]. - Major shareholders can only transfer up to 25% of their shares annually after the lock-up period ends[144]. - The company will announce any share reduction plans 15 trading days in advance and comply with disclosure obligations[145].