Financial Performance - The company's operating revenue for Q1 2022 was ¥310,271,717.05, representing a year-on-year increase of 105.62%[5] - The net profit attributable to shareholders decreased by 67.31% to ¥7,979,508.80 compared to the same period last year[5] - Basic earnings per share decreased by 66.67% to ¥0.02, reflecting the decline in net profit[6] - In Q1 2022, the company reported a net profit of CNY 7,808,153.38, a decrease of 68.1% compared to CNY 24,406,233.89 in Q1 2021[18] - The company's total comprehensive income for Q1 2022 was CNY 7,808,153.38, down 68.1% from CNY 24,406,233.89 in Q1 2021[19] Revenue and Costs - The company reported a significant increase in sales scale as the main reason for the revenue growth[8] - Total operating revenue for Q1 2022 was RMB 310,271,717.05, a significant increase from RMB 150,898,202.30 in Q1 2021, representing a growth of approximately 105.5%[17] - Total operating costs for Q1 2022 amounted to RMB 304,793,263.49, compared to RMB 145,403,160.04 in Q1 2021, indicating an increase of about 109.8%[17] - The company reported a net profit margin improvement due to increased revenue outpacing cost growth, although specific net profit figures were not disclosed[17] Cash Flow and Investments - The net cash flow from operating activities fell by 58.85% to ¥3,887,966.77, primarily due to increased raw material purchases and energy costs[5] - The cash flow from operating activities for Q1 2022 was CNY 3,887,966.77, down 58.9% from CNY 9,449,022.51 in Q1 2021[21] - The company incurred a total of CNY 123,670,280.23 in cash outflows from investing activities in Q1 2022, a decrease of 62.9% compared to CNY 332,873,582.70 in Q1 2021[21] - The net cash flow from financing activities in Q1 2022 was -CNY 24,993,002.17, compared to a positive CNY 311,509,905.02 in Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,113,015,777.58, a slight decrease of 0.11% from the end of the previous year[6] - Cash and cash equivalents decreased to RMB 190,603,294.25 as of March 31, 2022, down from RMB 265,051,840.13 at the end of 2021, reflecting a decline of approximately 28.1%[13] - Total liabilities decreased to RMB 942,230,634.42 from RMB 964,954,105.21, a reduction of about 2.3%[15] - Shareholders' equity increased to RMB 1,170,785,143.16 from RMB 1,150,351,298.28, reflecting a growth of approximately 1.8%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,709[10] - Zhejiang Zheyu Holding Group Co., Ltd. held 49.61% of the shares, making it the largest shareholder[10] Research and Development - Research and development expenses reached CNY 15,458,446.62 in Q1 2022, compared to CNY 6,417,402.60 in Q1 2021, reflecting a significant increase of 141.5%[18] Market Strategy - The company is focusing on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[12]

Financial Performance - The company's operating revenue for Q3 2021 was ¥375,718,453.23, representing a year-on-year increase of 60.75%[4] - The net profit attributable to shareholders for Q3 2021 was ¥5,913,030.62, a decrease of 77.55% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,924,635.10, down 72.99% year-on-year[4] - The basic earnings per share for Q3 2021 was ¥0.01, reflecting a decline of 85.71% compared to the previous year[5] - The net profit for Q3 2021 was CNY 61,968,662.66, an increase of 8.1% compared to CNY 57,128,782.38 in Q3 2020[19] - Operating profit for Q3 2021 reached CNY 73,527,197.49, up from CNY 69,350,975.97 in the same period last year[19] - Basic earnings per share for Q3 2021 were CNY 0.14, down from CNY 0.16 in Q3 2020[21] Revenue and Costs - The company experienced a 54.72% increase in operating revenue for the year-to-date period, driven by sales growth[8] - Total operating revenue for the first three quarters of 2021 reached RMB 825,325,364.17, a significant increase of 55% compared to RMB 533,426,771.42 in the same period of 2020[18] - Total operating costs for the first three quarters of 2021 were RMB 777,003,452.65, up from RMB 469,874,458.51 in the previous year, reflecting a 65% increase[18] Assets and Liabilities - The total assets as of the end of the reporting period increased by 30.22% to ¥2,097,263,821.66, primarily due to the issuance of new shares[5] - Current assets as of September 30, 2021, totaled RMB 552,602,216.43, compared to RMB 248,232,180.72 at the end of 2020, indicating a growth of 122%[14] - Non-current assets increased to RMB 1,544,661,605.23 from RMB 1,362,276,716.08, representing a growth of 13%[15] - Total liabilities as of September 30, 2021, were RMB 968,187,210.89, compared to RMB 870,392,448.69 at the end of 2020, reflecting an increase of 11%[16] - Shareholders' equity increased to RMB 1,129,076,610.77 from RMB 740,116,448.11, showing a growth of 53%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥228,619,209.05, an increase of 80.31%[5] - The net cash flow from operating activities for Q3 2021 was CNY 228,619,209.05, compared to CNY 126,791,650.53 in Q3 2020, reflecting a growth of 80%[23] - The net cash flow from financing activities for Q3 2021 was CNY 274,525,097.26, compared to CNY 116,559,780.65 in Q3 2020, showing a growth of 135%[23] Non-Recurring Gains and Expenses - The company reported non-recurring gains of ¥1,619,707.38 for the current period, with a total of ¥24,849,773.22 for the year-to-date[6] - The significant decrease in net profit was attributed to rising costs of raw materials and energy[8] - Research and development expenses for Q3 2021 were CNY 32,527,754.13, compared to CNY 21,887,305.79 in Q3 2020, indicating a year-over-year increase of 48.7%[19] - The company’s financial expenses in Q3 2021 amounted to CNY 8,544,499.98, an increase from CNY 6,878,698.73 in Q3 2020[19] Investment Activities - The total cash inflow from investment activities for the first nine months of 2021 was CNY 583,775,472.60, compared to CNY 313,652,638.37 in the same period last year[23] - Cash and cash equivalents rose to RMB 153,800,411.49 from RMB 105,244,944.92, an increase of 46%[14] - The company reported a total cash and cash equivalents balance of CNY 117,345,411.49 at the end of Q3 2021, up from CNY 70,494,500.13 at the end of Q3 2020[23]

Financial Performance - The company's operating revenue for the first half of 2021 increased by 50.02% year-on-year, reaching approximately CNY 449.61 million[24]. - Net profit attributable to shareholders rose by 82.03% year-on-year, amounting to approximately CNY 56.06 million[24]. - Basic earnings per share increased by 44.44% to CNY 0.13 per share compared to the same period last year[22]. - The weighted average return on equity improved by 0.83 percentage points to 5.39%[22]. - The net cash flow from operating activities surged by 141.15% year-on-year, totaling approximately CNY 142.27 million[24]. - Total assets increased by 20.45% year-on-year, reaching approximately CNY 1.94 billion[24]. - The company's net assets attributable to shareholders grew by 51.75% year-on-year, amounting to approximately CNY 1.12 billion[24]. - The total profit for the same period was 5.213 billion yuan, reflecting a significant year-on-year growth of 53.76%[31]. - The company achieved operating revenue of 449.61 million yuan, a year-on-year increase of 50.02%[44]. - The company's total profit for the first half of 2021 was CNY 64,033,959.97, compared to CNY 34,716,150.49 in the first half of 2020, indicating a year-on-year increase of 84.4%[124]. Risk Management - The report includes a risk statement indicating that future plans and strategies do not constitute a commitment to investors, highlighting investment risks[5]. - The company has detailed various risks faced in production and operations in the management discussion section[7]. - The company faces risks from industry competition, raw material price fluctuations, and macroeconomic volatility, which could impact operational performance[54]. - The international market faces instability due to ongoing pandemic risks, leading to rising prices of international bulk commodities and a decrease in demand for textiles, which may result in a decline in order volume[56]. - The competition for talent in the dyeing industry is intensifying, and the company has established a talent cultivation system to support its rapid development; however, failure to attract suitable talent may negatively impact operations[57]. Environmental Commitment - The company has established a comprehensive environmental management system and received certifications such as ISO14001, highlighting its commitment to green manufacturing[36]. - The company’s wastewater reuse rate exceeds 60%, achieved through advanced treatment processes, contributing to its competitive advantage in environmental performance[37]. - The company is focusing on green technology and clean production methods to enhance its market position and fulfill social responsibilities[40]. - The company has implemented a low-carbon production approach, using natural gas as the sole fuel source to reduce air pollution and environmental impact[78]. - The company has committed to maintaining compliance with environmental regulations, ensuring that pollutant discharge meets the required standards[66]. Corporate Governance - The company guarantees the authenticity, accuracy, and completeness of the semi-annual report, with all directors present at the board meeting[8]. - The semi-annual report has not been audited, ensuring transparency in financial reporting[8]. - There are no non-operational fund occupations by controlling shareholders or related parties[6]. - The report indicates that there are no violations of decision-making procedures regarding external guarantees[6]. - The company has not engaged in any significant non-operating fund occupation by major shareholders or related parties during the reporting period[88]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[90]. Shareholder Information - The company did not distribute profits or increase capital reserves during the first half of 2021[4]. - The total share capital increased from 360 million shares to 440 million shares after the issuance of 80 million new shares[98]. - The largest shareholder, Zhejiang Zheyu Holdings, holds 218,273,700 shares, representing 49.61% of total shares[101]. - The company has 29,801 ordinary shareholders as of the end of the reporting period[99]. - The shareholders' reduction in shares must comply with relevant laws and regulations, and they will announce their plans 3 trading days in advance for any other methods of reduction[83]. Research and Development - Research and development expenses increased by 47.73% to 19.81 million yuan, reflecting a commitment to innovation and technology[44]. - The company is focusing on technological innovation and has made significant breakthroughs in dyeing new textile materials, enhancing its market presence and brand influence[33]. - The company is developing a smart factory with an annual production capacity of 131 million meters of high-end fabrics, improving production efficiency and customer service capabilities[37]. Financial Reporting - The company’s financial report was approved by the board of directors on August 23, 2021, ensuring compliance with regulatory requirements[152]. - The financial statements have been prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[155]. - The company has not reported any significant changes in accounting policies or error corrections during the current period[135]. - The company follows the consolidation method for financial statements, including all subsidiaries under its control[162].

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of 80.6425 million yuan, with a cumulative undistributed profit of 282.9811 million yuan at year-end[5]. - In 2020, the company's operating revenue decreased by 13.74% to CNY 779.66 million compared to CNY 903.83 million in 2019[21]. - The net profit attributable to shareholders decreased by 29.25% to CNY 80.64 million in 2020 from CNY 113.98 million in 2019[21]. - Basic earnings per share fell by 31.25% to CNY 0.22 in 2020, down from CNY 0.32 in 2019[22]. - The company's total assets increased by 22.42% to CNY 1.61 billion at the end of 2020, compared to CNY 1.32 billion at the end of 2019[21]. - The cash flow from operating activities decreased by 11.06% to CNY 122.52 million in 2020 from CNY 137.76 million in 2019[21]. - The weighted average return on equity decreased to 11.52% in 2020, down from 18.92% in 2019, a reduction of 7.4 percentage points[22]. - The company reported a net loss of CNY 745,231.96 in the first quarter of 2020, with a recovery in subsequent quarters leading to a net profit of CNY 23.51 million in the fourth quarter[24]. - The company achieved operating revenue of 779.66 million yuan, a decrease of 13.74% compared to the previous year[44]. - The net profit attributable to shareholders was 80.64 million yuan, with a net profit of 80.19 million yuan after deducting non-operating gains and losses[44]. - The company implemented cost reduction measures, resulting in a decrease in operating costs by 11.47% to 597.66 million yuan[45]. - The company reported a significant decline in sales volume for knitted and woven products, with decreases of 8.36% and 21.56% respectively[50]. - The gross margin for the dyeing business was 23.26%, with a slight decrease of 1.99 percentage points compared to the previous year[50]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital for the year, considering its development stage and future funding needs[5]. - The profit distribution policy mandates that at least 20% of the annual distributable profit is allocated as dividends, with a minimum of 10% distributed in cash[84]. - The company aims to prioritize cash dividends while considering its sustainable development and operational needs[83]. - The profit distribution proposal for 2020 has been approved by the board of directors and requires further approval from the 2021 annual general meeting[91]. - The company reported a net profit of approximately CNY 80.64 million for the fiscal year 2020, with a dividend payout ratio of 0%[93]. - In 2019, the company reported a net profit of approximately CNY 113.98 million, also with a dividend payout ratio of 0%[93]. - The company has accumulated undistributed profits to meet operational needs and support long-term strategic development[94]. - The company’s profit distribution policy can be adjusted based on changes in the external operating environment, business conditions, and regulatory requirements[90]. Risk Management - The company has detailed various risks it may face in its production and operation processes in the report[8]. - The company emphasizes the importance of investor awareness regarding investment risks associated with forward-looking statements in the report[6]. - Fluctuations in raw material and energy prices significantly affect the company's main business costs, with potential adverse impacts on operations if not effectively managed[76]. - The company faces risks from macroeconomic fluctuations, particularly affecting demand for dyeing services due to the economic slowdown in the textile and apparel sectors[77]. - The company has increased its investment in environmental protection, but faces risks related to rising costs if stricter environmental regulations are imposed[77]. - The company has developed differentiated mid-to-high-end fabric dyeing processes to meet diverse customer needs, but faces risks associated with the uncertainty and resource intensity of new technology development[79]. Environmental and Social Responsibility - The company emphasizes clean production and green manufacturing, having established an environmental management system certified by ISO14001 and recognized as a "National Green Factory"[37]. - The company achieved a wastewater reuse rate of over 60% through advanced treatment processes, contributing to its competitive advantage in energy conservation and environmental protection[38]. - The company has actively participated in environmental protection initiatives, including "Five Water Co-Governance" and "Five Air Co-Governance" projects[115]. - The company has established a complete emergency response system for environmental incidents[119]. - The company has integrated corporate social responsibility into its development strategy, focusing on sustainable growth and stakeholder interests[113]. - The company has made significant investments in environmental facilities to promote transformation and traditional industry development[113]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company’s board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The board of directors must ensure that the profit distribution plan is reviewed and approved by independent directors and shareholders, ensuring transparency and participation[88]. - The company has set up four specialized committees under the board: strategy, audit, nomination, and remuneration and assessment[156]. - The company has maintained stable leadership, with key executives serving their roles since December 2019[138]. - The company has a strong focus on the textile dyeing industry, with key personnel having extensive experience in management and technology development[139]. - The company’s board includes independent directors with diverse backgrounds in finance and technology, enhancing governance and strategic oversight[139]. Market Strategy and Innovation - The company focuses on textile dyeing and finishing, providing customized services for knitted and woven fabrics[30]. - The company aims to enhance management and service quality through technological innovation and green practices[30]. - The company has established a comprehensive supplier management mechanism to ensure timely and sufficient supply of raw materials[31]. - The company has established a production information management system that integrates dyeing technology with digital and intelligent technologies, optimizing the entire dyeing process from order to product completion[32]. - The company has adapted to market demands for "small batches, multiple varieties, and short delivery times" by developing a smart factory model that optimizes order management and production processes[38]. - The company plans to enhance its competitive edge by increasing investment in product technology development and expanding its business scope[43]. - The company aims to enhance its production capacity for high-end textile dyeing and increase market share, focusing on technology innovation and environmental protection[72]. - The company plans to develop high-quality textile dyeing technologies and energy-saving techniques, including digital inkjet printing technology and efficient short-process dyeing techniques[74]. - The company will strengthen its brand building and expand its market presence through improved marketing networks and internet promotion[74]. Human Resources - The company has established a talent cultivation system to address the increasing demand for skilled personnel due to rapid business growth and project investments[80]. - The company intends to enhance its human resources by cultivating technical and management talents and improving employee training programs[75]. - The company emphasizes the development and training of product R&D professionals, tailoring training plans to meet business needs[151]. - The company has a policy to encourage employees to participate in management and provide feasible suggestions for business development[150]. - The number of R&D personnel was 233, accounting for 10.45% of the total workforce[58]. Shareholder Information - Zhejiang Zheyu Holdings Co., Ltd. holds 60.63% of the shares, totaling 218,273,700 shares[125]. - Shaoxing Yingfeng Leading Investment Partnership holds 10.52% of the shares, totaling 37,894,700 shares[125]. - The top ten shareholders include five individuals, with Ma Yuebo holding 5.79% (20,842,100 shares) and Ma Yingbo holding 5.73% (20,614,700 shares)[125]. - The limited shares held by major shareholders are locked for 36 months from the listing date, set to unlock on January 29, 2024[127]. - The company has no strategic investors or general legal entities becoming top ten shareholders during the reporting period[128]. - The controlling shareholder is Zhejiang Zheyu Holdings Co., Ltd., established on May 12, 2016, primarily engaged in external industrial investment and import-export activities[129]. - The actual controller, Fu Shuangli, serves as the chairman and general manager, with no prior control of other listed companies in the past ten years[130].

Financial Performance - Net profit attributable to shareholders reached CNY 24,406,233.89, a significant turnaround from a loss of CNY 745,231.96 in the same period last year[5] - Operating revenue surged by 69.89% to CNY 150,898,202.30 compared to CNY 88,819,442.71 in the previous year[5] - The net profit after deducting non-recurring gains and losses increased by 272.52% to CNY 5,320,584.23 compared to CNY 1,428,249.81 in the previous year[5] - Basic earnings per share improved to CNY 0.06 from a loss of CNY 0.002 in the same period last year[7] - Net profit for Q1 2021 was ¥24,406,233.89, compared to a net loss of ¥745,231.96 in Q1 2020, indicating a turnaround in profitability[26] - The total comprehensive income for Q1 2021 was ¥24,406,233.89, contrasting with a loss of ¥745,231.96 in the same period last year[31] Revenue and Costs - Operating costs increased to ¥125,363,271.99, reflecting a 68.89% rise from ¥74,225,981.48 due to higher sales volume[14] - Total operating revenue for Q1 2021 reached ¥150,898,202.30, a significant increase of 69.9% compared to ¥88,819,442.71 in Q1 2020[25] - Operating costs for Q1 2021 were ¥145,403,160.04, up from ¥86,875,180.46 in Q1 2020, reflecting a growth of 67.5%[25] Cash Flow - Net cash flow from operating activities improved to CNY 9,449,022.51, a recovery from a negative cash flow of CNY 10,625,061.71 in the same period last year[5] - The company's operating cash flow for Q1 2021 was ¥9,449,022.51, recovering from a negative cash flow of ¥10,625,061.71 in Q1 2020[33] - Cash inflow from operating activities totaled ¥240,348,533.96, up 102.6% from ¥118,561,064.28 in the same period last year[36] - Cash outflow from operating activities was ¥232,933,570.57, which is a significant increase from ¥88,855,270.07 in Q1 2020[36] Assets and Liabilities - Total assets increased by 19.96% to CNY 1,931,907,788.02 compared to the end of the previous year[5] - The company’s total liabilities decreased to ¥840,393,606.02 from ¥870,392,448.69, indicating improved financial stability[19] - The company's equity attributable to shareholders rose to ¥1,089,131,096.71, up from ¥737,773,595.51 at the end of 2020, marking an increase of 47.7%[22] Shareholder Information - The total number of shareholders reached 32,596, indicating a broadening of the shareholder base[11] - The largest shareholder, Zhejiang Zheyu Holdings Co., Ltd., holds 49.61% of the shares, indicating significant ownership concentration[11] Research and Development - Research and development expenses rose by 63.28% to ¥6,417,402.60, up from ¥3,930,302.00, indicating increased investment in R&D projects[14] - Research and development expenses for Q1 2021 were ¥6,417,402.60, compared to ¥3,930,302.00 in Q1 2020, reflecting a growth of 63.3%[26] Government Subsidies - The company received government subsidies amounting to CNY 22,020,813.90, contributing to the non-recurring gains[9] - Other income skyrocketed by 1338.37% to ¥22,020,813.90, primarily due to government subsidies received during the period[14] - The company reported a significant increase in other income to ¥22,020,813.90 in Q1 2021, compared to ¥1,530,960.42 in Q1 2020[26] Investment Activities - The company raised ¥356,467,924.53 from investment activities in Q1 2021, compared to no funds raised in the same period last year[33] - The cash flow from financing activities included ¥356,467,924.53 from investment absorption, which was not reported in the previous year[37]