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].

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].