证券代码：605099 证券简称：共创草坪 公告编号：2023-027 重要内容提示： 江苏共创人造草坪股份有限公司（以下简称"公司"）已于 2023 年 8 月 16 日 发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年上半年的经营成果、财务状况，公司计划于 2023 年 08 月 30 日 上午 10:00- 11:00 举行 2023 年半年度业绩说明会，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自行视频录播结合网络互动的形式召开，公司将针对 2023 年上半年的经营成果及财务指标的具体情况与投资者进行互动交流和沟通， 在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 08 月 30 日 上午 10:00-11:00 会议召开时间：2023 年 08 月 30 日(星期三) 上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.ssein fo.com/） 会议召开方式：自行视频录播和网络互动 投资者可于 2023 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥1.27 billion, a decrease of 3.44% compared to the same period last year[3]. - Net profit attributable to shareholders increased by 8.48% year-on-year, reaching approximately ¥226.41 million[3]. - The net cash flow from operating activities significantly decreased by 76.40%, amounting to approximately ¥32.19 million[3]. - Basic earnings per share rose to ¥0.57, reflecting a 9.62% increase compared to the previous year[3]. - The weighted average return on equity decreased by 0.38 percentage points to 9.65%[3]. - Total assets decreased by 5.36% year-on-year, totaling approximately ¥2.68 billion[3]. - The company's net assets attributable to shareholders increased by 1.75% to approximately ¥2.33 billion[3]. - The company's operating profit for the first half of 2023 was approximately 119.16 million, an increase from 78.40 million in the same period last year[44]. - The net profit for the first half of 2023 reached approximately 104.91 million, compared to 72.31 million in the previous year[44]. - The comprehensive income for the current period is approximately 258.60 million, which includes a significant increase in other comprehensive income of about 32.19 million[49]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2023, representing a 15% year-over-year growth[145]. Cash Flow and Investments - The net cash flow from operating activities for the first half of 2023 was -173,345,044.85 RMB, compared to -44,234,078.52 RMB in the same period of 2022, indicating a decline in operational cash flow[21]. - Total cash inflow from investment activities was 602,895,972.80 RMB, significantly up from 10,271,557.28 RMB in the first half of 2022, reflecting improved investment recovery[21]. - The net cash flow from investment activities for the first half of 2023 was 495,860,976.48 RMB, a substantial increase from -219,685,315.39 RMB in the previous year[21]. - The total cash outflow from operating activities was 644,850,009.08 RMB, slightly down from 733,425,917.42 RMB in the first half of 2022[21]. - The company received 49,580,625.00 RMB from financing activities in the first half of 2023, a decrease from 197,908,444.44 RMB in the same period of 2022[21]. Market Position and Strategy - The EMEA region accounted for 44.59% of the global artificial turf market sales in 2021, while the Asia-Pacific region represented 32.97% and the Americas 22.44%[28]. - China holds over 60% of the global artificial turf production capacity, with five of the top ten suppliers being Chinese companies[28]. - The company plans to expand its market presence in developing countries, focusing on increasing investments in sports facilities[31]. - The company is expanding its market presence in Southeast Asia, with plans to establish new distribution channels in Vietnam and Thailand by the end of 2023[145]. - A strategic acquisition of a local competitor is under consideration to enhance market share and operational capabilities in the region[145]. - The company is committed to expanding its market presence despite the challenges posed by heightened competition in developing countries[182]. Production and R&D - The company has a production capacity of 110 million square meters of artificial turf annually, providing a significant advantage over competitors in terms of rapid product launch capabilities[177]. - The company has a total production capacity of 146 million square meters of artificial turf, with significant expansions planned in Vietnam and Mexico[188]. - Investment in R&D has increased by 25%, focusing on innovative artificial turf technologies to enhance product quality and performance[145]. - The company has a dedicated R&D team of 339 personnel, holding 53 patents, including 23 invention patents[197]. - The company focuses on the research, production, and sales of artificial turf, which is a more economical and environmentally friendly alternative to natural grass[163]. Financial Stability and Risks - The company has maintained a cash and cash equivalents balance that supports its liquidity position, although specific figures were not disclosed in the provided documents[62]. - There are no significant risks related to non-operational fund occupation by controlling shareholders or related parties, ensuring financial stability[145]. - The company has recognized expected credit losses based on reasonable and supportable information, including forward-looking data, to assess credit risk increases since initial recognition[73]. - The company has implemented a method for determining expected credit losses for receivables and contract assets[95]. Competitive Landscape - The competitive landscape in the artificial turf industry is intensifying, with increased pressure on pricing and market share due to new entrants and expanding capacities from existing players[182]. - The company has a strong competitive advantage due to its technical strength, supply capabilities, and product quality, continuously reinforcing its market position[196]. - The company is one of the eight global preferred suppliers of artificial turf for FIFA, World Rugby, and FIH, indicating its strong position in the industry[162]. - The company has been recognized as a key player in the artificial turf industry, being involved in the drafting of national standards for sports artificial grass[162]. Future Outlook - The company has outlined a positive outlook for the second half of 2023, projecting a revenue growth of 10% to 15% driven by new product launches and market expansion efforts[145]. - The company anticipates continued growth in the artificial turf market due to increased investment in sports infrastructure and urbanization trends, indicating significant development potential[78].

证券代码：605099 证券简称：共创草坪 公告编号：2023-020 江苏共创人造草坪股份有限公司 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。 重要内容提示： 江苏共创人造草坪股份有限公司（以下简称"公司"）已分别于 2023 年 3 月 28 日及 2023 年 4 月 27 日发布公司 2022 年年度报告及 2023 年第一季度报告， 为便于广大投资者更全面深入地了解公司 2022 年度及 2023 年第一季度经营成 果、财务状况，公司计划于 2023 年 05 月 31 日 上午 10:00-11:00 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自行视频录播结合网络互动的形式召开，公司将针对 2022 年度及 2023 年第一季度的经营成果及财务指标的具体情况与投资者进行互 会议召开时间：2023 年 05 月 31 日(星期三) 上午 10:00-11:00 ...

Financial Performance - In Q1 2023, the company reported a net profit of RMB 93,679,489.22, an increase of 9.4% compared to RMB 85,295,075.11 in Q1 2022[16] - The total profit for Q1 2023 was RMB 100,020,648.01, up from RMB 88,065,585.29 in the same period last year, reflecting a growth of 13.4%[16] - Operating profit for Q1 2023 reached RMB 99,799,422.08, compared to RMB 87,128,013.51 in Q1 2022, marking an increase of 14.5%[16] - The company reported a decrease in other comprehensive income, with a net amount of RMB -4,687,993.36 in Q1 2023, slightly higher than RMB -4,685,082.25 in Q1 2022[16] - The company’s major shareholders include Hong Kong Central Clearing Limited and China Agricultural Bank, indicating a diverse ownership structure[10][11] - The comprehensive income attributable to the parent company was ¥88,991,495.86, an increase from ¥80,609,992.86, marking a growth of about 16.5%[21] - The company's operating revenue for Q1 2023 was ¥558,780,694.26, representing a decrease of 17.97% compared to the same period last year[42] - The net profit attributable to shareholders of the listed company was ¥93,679,489.22, an increase of 9.83% year-on-year[42] - The company reported a net profit of approximately ¥95.76 million for Q1 2023, compared to a net profit of ¥92.91 million in Q1 2022, reflecting a growth of 3.06%[54] Cash Flow and Liquidity - The net cash flow from operating activities increased to ¥50,720,916.22 from ¥38,504,442.28, representing a growth of approximately 31.5% year-over-year[17] - The net cash flow from investing activities was ¥242,680,623.19, a significant recovery from a negative cash flow of ¥70,548,171.88 in the previous period[17] - The total cash and cash equivalents at the end of the period reached ¥702,861,641.27, up from ¥455,414,371.07, indicating a net increase of ¥276,565,206.49[17] - The cash outflow from financing activities was ¥1,466,351.31, a decrease from ¥1,697,408.01, indicating a reduction of about 13.6%[17] - The cash inflow from investment activities totaled ¥352,967,192.98, a substantial increase compared to ¥8,021.54 in the previous period[17] - The company's cash and cash equivalents increased to approximately ¥726.95 million as of March 31, 2023, up from ¥448.02 million at the end of 2022[51] Assets and Liabilities - The total liabilities decreased to ¥523,315,803.46 from ¥541,121,547.42, reflecting a reduction of approximately 3.3%[19] - The company's total liabilities decreased by 49.74% due to rental payments made during the period[44] - Total assets at the end of the reporting period were ¥2,901,628,491.08, reflecting a growth of 2.52% from the end of the previous year[43] - The company’s total assets as of March 31, 2023, were approximately ¥2.90 billion, compared to ¥2.83 billion at the end of 2022[58] - The company’s equity attributable to shareholders increased to approximately ¥2.38 billion as of March 31, 2023, from ¥2.29 billion at the end of 2022[58] Operational Efficiency - The company experienced a foreign exchange loss of RMB -3,664,527.47 in Q1 2023, compared to a loss of RMB -6,882,668.07 in Q1 2022, indicating an improvement[16] - The company's total operating costs for Q1 2023 were approximately ¥463.02 million, down 21.29% from ¥588.30 million in Q1 2022[54] - The company's inventory stood at ¥475,854,381.79, slightly down from ¥476,764,663.56 in the previous year[42] - Research and development expenses for Q1 2023 were approximately ¥18.33 million, slightly up from ¥18.01 million in Q1 2022[54] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[16] - The company plans to continue expanding its market presence and investing in new product development in the upcoming quarters[55] - The company’s management remains optimistic about future growth prospects, focusing on product innovation and market expansion strategies[16] Other Income - The company reported non-operating income of ¥7,682,054.85 from government subsidies, contributing positively to the overall financial performance[28] - The company reported a significant increase in other income, which rose to approximately ¥8.11 million in Q1 2023 from ¥3.34 million in Q1 2022[54]

Financial Performance - The company's operating revenue for 2022 was RMB 2,470,754,977.90, representing a year-on-year increase of 7.35% compared to RMB 2,301,660,263.01 in 2021[24]. - The net profit attributable to shareholders of the listed company for 2022 was RMB 447,030,482.43, an increase of 17.55% from RMB 380,293,419.69 in 2021[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 428,849,162.21, up 20.75% from RMB 355,158,574.81 in 2021[24]. - The net cash flow from operating activities for 2022 was RMB 505,917,225.09, a significant increase of 97.89% compared to RMB 255,649,774.43 in 2021[24]. - The total assets as of the end of 2022 were RMB 2,830,442,739.18, reflecting a year-on-year growth of 17.99% from RMB 2,398,875,677.46 at the end of 2021[25]. - The net assets attributable to shareholders of the listed company at the end of 2022 were RMB 2,289,321,191.76, an increase of 14.53% from RMB 1,998,801,865.06 at the end of 2021[25]. - Basic earnings per share for 2022 were RMB 1.12, up 17.89% from RMB 0.95 in 2021[26]. - The diluted earnings per share also stood at RMB 1.12, reflecting the same growth rate as basic earnings[26]. - The weighted average return on equity increased to 21.01%, up by 0.72 percentage points from the previous year[26]. Market Expansion and Production Capacity - The company is actively expanding its production capacity with projects in Vietnam, indicating a strategic focus on market expansion[15]. - The decision to relocate the investment for the Vietnam Phase IV project to Mexico is expected to yield an annual production capacity of 16 million square meters of artificial turf, primarily for the North American market[37]. - The company is expanding its production capacity in Mexico to meet the growing demand in the Americas, with an expected capacity of 16 million square meters annually[45]. - The company has four production bases, with a total annual production capacity of 146 million square meters of artificial turf expected after all projects are fully operational[45]. Research and Development - The company launched over 200 new products during the reporting period and obtained 4 new invention patents, bringing the total to 50 authorized patents[35]. - The company has a research and development team of 346 members and holds 50 authorized patents, including 21 invention patents[53]. - R&D expenses totaled 79.28 million RMB, which is 3.21% of the operating revenue[69]. - The company emphasizes the importance of continuous R&D to maintain competitive advantages in the market[93]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 5.60 per 10 shares (including tax) based on the total share capital as of the dividend record date[6]. - The proposed cash dividend for 2022 is 5.60 CNY per 10 shares (including tax), totaling 224,953,960.00 CNY (including tax), subject to shareholder approval[132]. - The cash dividend for 2022 represents 50.32% of the net profit attributable to shareholders in the consolidated financial statements[136]. - The company maintains a stable and continuous profit distribution policy, adjusting it based on actual conditions and stakeholder feedback[131]. Corporate Governance and Management - The company has established effective communication channels with investors, including a dedicated investor hotline and an interactive platform[100]. - The management team includes experienced professionals with backgrounds in finance, engineering, and management, enhancing the company's strategic capabilities[106]. - The company has established a performance evaluation system for senior management, linked to the company's operational goals and compensation management[139]. - The company is committed to maintaining transparency and accountability in financial reporting and corporate governance[108]. Environmental and Social Responsibility - The company invested 4.22 million yuan in environmental protection during the reporting period[143]. - The company generated 8.02 million kWh of electricity from its photovoltaic project in 2022, reducing carbon emissions by 5,540 tons[145][146]. - The company has established an environmental protection management committee to enhance its environmental management capabilities[145]. - The company has implemented a special action plan for environmental protection and pollution prevention for the upcoming year[145]. Risks and Challenges - The company faces risks from intensified market competition, particularly in developing countries where market order is still developing[91]. - The company is exposed to risks from fluctuations in raw material prices, particularly due to their dependence on the petrochemical industry[95]. - The rapid expansion of the company's asset scale may lead to increased management risks if not properly controlled[95]. - The company may experience a slowdown in market demand growth due to various macroeconomic factors and changing consumer preferences[92]. Shareholder Information - The largest shareholder, Wang Qiangxiang, holds 219,517,200 shares, accounting for 54.65% of the total shares[194]. - Jiangsu Baisite Investment Group Co., Ltd. is the second-largest shareholder with 63,730,800 shares, representing 15.87%[194]. - The number of ordinary shareholders increased from 11,522 to 11,610 during the reporting period[192]. - The company has a total of 3,998 employees, with 1,699 in the parent company and 2,299 in major subsidiaries[122].

Financial Performance - The company's operating revenue for Q3 2022 was ¥636,932,466.23, representing a year-on-year increase of 9.13%[6] - The net profit attributable to shareholders for Q3 2022 was ¥145,241,947.05, reflecting a significant increase of 39.60% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥140,834,033.99, up 41.81% year-on-year[6] - The basic earnings per share for Q3 2022 was ¥0.36, an increase of 38.46% compared to the previous year[10] - Total operating revenue for the first three quarters of 2022 reached ¥1,952,430,070.39, an increase from ¥1,748,909,955.02 in the same period of 2021, representing a growth of approximately 11.6%[34] - Operating profit for the first three quarters of 2022 was ¥385,457,982.78, up from ¥330,997,342.21 in 2021, reflecting a growth of approximately 16.5%[34] - The total profit for the period reached CNY 386,436,069.78, an increase from CNY 329,562,734.20 in the previous period, representing a growth of approximately 17.3%[38] - The net profit attributable to shareholders was CNY 353,952,957.34, compared to CNY 320,441,955.54 in the same period last year, marking an increase of about 10.5%[38] - The total comprehensive income attributable to the parent company was CNY 396,500,440.97, up from CNY 324,688,844.08, reflecting a growth of approximately 22.1%[40] - Basic and diluted earnings per share were both CNY 0.88, an increase from CNY 0.80 in the previous period[40] Cash Flow and Investments - The net cash flow from operating activities for Q3 2022 was ¥256,567,723.01, showing a growth of 40.80% year-on-year[10] - The net cash flow from operating activities was CNY 392,959,471.86, significantly higher than CNY 139,954,711.51 from the previous year[44] - The company reported a net cash outflow from investing activities of CNY 620,909,386.48, compared to a net inflow of CNY 2,160,106.70 in the same period last year[44] - The company's cash and cash equivalents decreased to ¥342,077,402.50 from ¥519,431,185.50 year-over-year, representing a decline of approximately 34.1%[25] - The cash and cash equivalents at the end of the period were CNY 320,739,159.05, down from CNY 400,225,206.78 at the end of the previous period[44] - The company received CNY 197,908,444.44 in cash from financing activities, compared to CNY 97,756,125.31 in the previous year[44] - The company experienced a foreign exchange impact on cash and cash equivalents amounting to CNY 58,854,462.12 during the period[44] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥2,724,113,139.92, marking a 13.56% increase from the end of the previous year[10] - Total assets increased to ¥2,724,113,139.92 from ¥2,398,875,677.46, marking a growth of approximately 13.6%[30] - Current liabilities rose to ¥480,104,438.27, compared to ¥356,989,815.23 in the previous year, indicating an increase of about 34.4%[30] - The company's total liabilities amounted to ¥513,014,718.47, up from ¥400,073,812.40, reflecting a growth of approximately 28.3%[30] - The equity attributable to shareholders at the end of Q3 2022 was ¥2,211,098,421.45, which is a 10.62% increase compared to the previous year[10] - The company's equity attributable to shareholders reached ¥2,211,098,421.45, compared to ¥1,998,801,865.06 in the previous year, representing an increase of about 10.6%[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,849, with the largest shareholder, Wang Qiangxiang, holding 54.64% of shares[20] - The company has a significant shareholder structure, with Wang Qiangxiang as the controlling shareholder and several family members and associated entities holding substantial stakes[22] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The company is focusing on market expansion and new product development as part of its strategic initiatives[23] - Future outlook includes continued investment in technology and product innovation to drive growth[23] Operational Metrics - The company reported a significant increase in gross profit margin due to revenue growth and favorable exchange rate impacts[16] - The net cash flow from investing activities for Q3 2022 showed a negative change of -248.81%, primarily due to increased cash outflows for purchasing financial products[16] - Accounts receivable increased to ¥450,700,428.23 from ¥321,428,087.92, reflecting a growth of about 40.2% year-over-year[25] - Inventory decreased to ¥443,642,204.02 from ¥558,308,644.08, indicating a reduction of approximately 20.5%[25] - Total current assets increased to ¥1,782,720,008.41 from ¥1,475,666,942.77, showing a growth of about 20.8% year-over-year[25] - Research and development expenses for the first three quarters of 2022 were ¥64,574,547.45, slightly up from ¥63,839,742.44 in 2021, indicating a growth of about 1.2%[34] - Deferred income for the first three quarters of 2022 was recorded at ¥15,800,906.60, down from ¥22,106,856.39 in the previous year, reflecting a decrease of approximately 28.5%[30] - Non-current assets totaled ¥941,393,131.51, slightly up from ¥923,208,734.69 in the previous year, showing an increase of about 2.3%[30]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a 15% increase compared to the same period last year[16]. - The gross profit margin for the first half of 2022 was 30%, a decrease of 5 percentage points from the previous year[16]. - The company reported a net profit of RMB 30 million for the first half of 2022, which is a 20% increase compared to the same period last year[16]. - The company's operating revenue for the first half of the year reached ¥1,315,497,604.16, representing a 12.89% increase compared to the same period last year[23]. - Net profit attributable to shareholders decreased by 3.55% to ¥208,711,010.29 from ¥216,397,536.51 in the previous year[23]. - The net profit after deducting non-recurring gains and losses increased by 1.71% to ¥201,888,156.24[23]. - The company achieved a net profit of 208.71 million yuan, a decrease of 3.55% compared to the same period last year[59]. - The company's main business gross margin was 26.07%, down 4.34 percentage points year-on-year; net profit margin was 15.87%, down 2.70 percentage points year-on-year[59]. - The company sold 35.27 million square meters of artificial turf, a year-on-year increase of 1.25%, generating operating revenue of 1.315 billion yuan, an increase of 12.89% year-on-year[59]. - International market sales revenue reached 1.226 billion yuan, a year-on-year increase of 15.05%, primarily driven by leisure grass products[60]. - Domestic market sales revenue was 80.83 million yuan, a year-on-year decrease of 10.76%, mainly due to a decline in sports grass product revenue[60]. Research and Development - The company has invested RMB 50 million in research and development for new artificial turf technologies[16]. - The company has a research and development team of 372 personnel and holds 46 authorized patents, including 19 invention patents[52]. - R&D expenses for the reporting period amounted to CNY 45,205,500, representing 3.44% of total revenue[85]. - Research and development expenses for the first half of 2022 were ¥34,946,149.12, a decrease from ¥39,551,922.89 in the first half of 2021[183]. Production Capacity and Expansion - The company plans to expand its production capacity in Vietnam, with Phase I of the project expected to be completed by the end of 2022[14]. - The company has a total production capacity of 160 million square meters of artificial turf annually across its four production bases in China and Vietnam[38]. - The company plans to expand its production capacity in Vietnam to 50 million square meters annually, aiming to reach a total capacity of 160 million square meters post-expansion[38]. - The company has invested ¥1,767.52 million in the second phase of the Vietnam co-creation production base project, with a total investment of ¥27,737.28 million[77]. Market Position and Strategy - The company is exploring potential mergers and acquisitions to enhance its market position in the artificial turf industry[16]. - The company anticipates a revenue growth of 10-15% for the second half of 2022, driven by increased demand in both domestic and international markets[16]. - The company’s global market share in artificial turf reached 18.00% in 2021, an increase of 3 percentage points from 2019[39][41]. - The company is one of the eight global preferred suppliers of artificial turf for FIFA, World Rugby, and FIH, highlighting its industry leadership[38]. - The company plans to continue expanding its global sales layout and enhancing customer loyalty to maintain its leading position in the industry[53]. Financial Position and Cash Flow - The total assets of the company as of June 30, 2022, amounted to RMB 1.2 billion, an increase of 10% year-on-year[16]. - The company's total assets increased by 25.29% to ¥2,752,416,881.82 compared to the end of the previous year[23]. - The net cash flow from operating activities improved significantly to ¥136,391,748.85, compared to a negative cash flow of ¥42,267,908.63 in the same period last year[23]. - The company's cash and cash equivalents increased to ¥580,782,543.81 from ¥519,431,185.50, representing a growth of approximately 11.5%[166]. - Total current assets increased to ¥1,815,571,280.40 from ¥1,475,666,942.77, reflecting a growth of approximately 23%[166]. - Total liabilities increased to ¥710,172,743.22 from ¥400,073,812.40, representing a growth of 77.3%[170]. Risks and Challenges - The company faces risks from intensified market competition, particularly in developing countries where market order is still improving[82]. - The company is exposed to risks from fluctuating raw material prices, particularly due to their dependence on the petrochemical industry[90]. - The company’s overseas operations are significantly affected by the political and economic environment of importing countries, which poses risks to revenue and profit[84]. - The company’s production bases in Huai'an and Vietnam may face operational risks due to potential COVID-19 disruptions[92]. - The company’s management faces challenges in scaling operations and internationalization, which could lead to increased management risks[91]. Shareholder and Governance Matters - The company did not distribute dividends or increase capital during the reporting period, with no shares or cash dividends allocated per 10 shares[99]. - The company completed the repurchase and cancellation of restricted stocks granted to departing employees, which had not yet been released from restrictions[100]. - The company’s major shareholders committed to a 36-month lock-up period for their shares following the IPO, with specific conditions for any future share reductions[106]. - The company has committed to not utilizing the controlling shareholder's position to seek preferential treatment for related parties in business transactions[121]. - The company guarantees that the incentive plan does not involve any misleading statements or omissions, ensuring legal accountability[121]. Legal and Compliance Issues - The company reported a significant legal dispute involving a patent infringement case with a claim amount of RMB 20 million[124]. - The company is actively involved in a patent dispute that is currently under review by the Supreme People's Court, with proceedings on hold pending a decision from the National Intellectual Property Administration[126]. - The company has maintained good integrity status, with no instances of failing to fulfill court judgments or large debt repayments[130].

Financial Performance - The company's operating revenue for 2021 was RMB 2,301,660,263.01, representing a 24.39% increase compared to RMB 1,850,288,253.27 in 2020[25]. - The net profit attributable to shareholders of the listed company decreased by 7.45% to RMB 380,293,419.69 from RMB 410,922,324.35 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 355,158,574.81, down 7.53% from RMB 384,096,686.76 in 2020[25]. - The net cash flow from operating activities was RMB 255,649,774.43, a decrease of 36.81% compared to RMB 404,546,476.91 in 2020[25]. - The total assets at the end of 2021 were RMB 2,398,875,677.46, reflecting a 15.87% increase from RMB 2,070,381,367.43 at the end of 2020[25]. - The net assets attributable to shareholders of the listed company increased by 9.94% to RMB 1,998,801,865.06 from RMB 1,818,038,399.70 in 2020[25]. - The weighted average return on equity decreased to 20.29%, down 13.51 percentage points from the previous year[26]. - The basic earnings per share for the year was RMB 0.95, a decline of 14.41% compared to the previous year[26]. - The gross profit margin for artificial turf decreased by 9.01 percentage points to 28.02%[76]. - The company achieved a total revenue of 2.291 billion RMB, representing a year-on-year growth of 24.26%[84]. Market Expansion and Sales - The company achieved a total sales volume of artificial turf products of 66.59 million square meters, representing a year-on-year growth of 29.78%[37]. - In 2021, the international market achieved sales revenue of 2,017.23 million yuan, a year-on-year increase of 30.54%, accounting for 87.64% of the company's total revenue[39]. - Sales revenue from leisure grass products reached 1,646.69 million yuan, up 31.62% year-on-year, driven by strong market demand[42]. - Domestic market sales revenue was 284.43 million yuan, a decline of 6.73% year-on-year, primarily due to the impact of COVID-19 on the sports grass market[39]. - The company’s artificial turf products are exported to over 120 countries and regions, demonstrating its extensive market reach[58]. - The company plans to continue expanding its global sales layout and enhancing customer loyalty[73]. Production and Capacity - The production volume of artificial turf reached 69.56 million square meters, an increase of 29.51% year-on-year, with the Vietnam production base significantly contributing to capacity release[43]. - The company has a total production capacity of 160 million square meters of artificial turf, with specific capacities of 16 million in Huai'an, 40 million in Huai'an Industrial Park, 24 million in the first phase of Vietnam, and 30 million in the second phase of Vietnam[55][57]. - The company plans to expand its production capacity to 50 million square meters annually in Vietnam, which will further increase its total capacity to 160 million square meters[57]. Research and Development - The company launched approximately 300 innovative products in 2021, enhancing its position in the artificial turf market[44]. - The R&D team consists of 368 personnel, with 43 authorized patents, including 17 invention patents and 26 utility model patents[69]. - The company invested CNY 74.23 million in R&D during the reporting period, accounting for 3.23% of its operating revenue[134]. - The company intends to increase R&D investment to drive innovation and develop new products, processes, and equipment[127]. Risk Management - The company has outlined potential risks in its future development strategy, which investors should be aware of[8]. - The company faces risks from intensified market competition, with a market share of 15% in 2019, which may pressure pricing and operational performance[129]. - The ongoing COVID-19 pandemic poses risks to production and logistics, potentially affecting the company's operations in Huai'an and Vietnam[140]. Governance and Management - The company held 1 annual and 3 extraordinary shareholder meetings during the reporting period, ensuring compliance with governance regulations[142]. - The board of directors convened 10 meetings during the reporting period to ensure effective decision-making[145]. - The company has established effective communication channels with investors, enhancing transparency and information disclosure[146]. - The management team includes experienced professionals with backgrounds in finance, management, and engineering, ensuring strong leadership[158]. Profit Distribution - The company plans to distribute a cash dividend of RMB 4.72 per 10 shares (including tax) based on the total share capital as of the dividend record date[6]. - The proposed cash dividend for 2021 is 4.72 yuan per 10 shares (including tax), totaling 189,986,608 yuan (including tax) based on a total share capital of 402,514,000 shares[192]. - The company maintains a cash dividend policy where at least 80% of profits should be distributed as cash dividends if in a mature stage without major capital expenditures[186].

Financial Performance - The company's operating revenue for Q1 2022 was ¥681,208,503.94, representing a year-on-year increase of 27.78%[6] - The net profit attributable to shareholders of the listed company decreased by 13.80% to ¥85,295,075.11[6] - The basic earnings per share for the period was ¥0.21, down by 13.80% compared to the same period last year[8] - Operating profit for Q1 2022 was ¥87,128,013.51, compared to ¥104,540,580.93 in Q1 2021, indicating a decrease of 16.7%[36] - The net profit for Q1 2022 was ¥85,295,075.11, a decrease of approximately 13.9% compared to ¥98,954,186.54 in Q1 2021[38] - Total comprehensive income for Q1 2022 was ¥80,609,992.86, down from ¥102,272,440.44 in the same period last year, reflecting a decline of about 21.1%[38] - Revenue from sales of goods and services in Q1 2022 was ¥578,753,461.17, up from ¥463,415,804.86 in Q1 2021, marking a growth of approximately 24.8%[42] - The basic and diluted earnings per share for Q1 2022 were both ¥0.21, down from ¥0.25 in Q1 2021, reflecting a decrease of 16%[38] Cash Flow - The net cash flow from operating activities increased significantly by 425.94% to ¥38,504,442.28[6] - The net cash flow from operating activities increased significantly by 425.94%, reaching ¥38,504,442.28 compared to ¥7,321,123.95 in the same period last year[19] - The net cash flow from investing activities was negative at -¥70,548,171.88, slightly worse than -¥69,672,087.08 in the previous year, primarily due to payments for production equipment purchases[19] - The net cash flow from financing activities also turned negative at -¥1,697,408.01, compared to a positive cash flow of ¥31,726,962.63 in the same period last year, mainly due to the previous year's receipt of restricted stock proceeds[19] - Operating cash flow for Q1 2022 was ¥38,504,442.28, significantly improved from ¥7,321,123.95 in Q1 2021, indicating a growth of approximately 426.5%[42] - The company reported a net cash outflow from investing activities of ¥70,548,171.88 in Q1 2022, compared to a net outflow of ¥69,672,087.08 in Q1 2021[44] Assets and Liabilities - Total assets at the end of the period were ¥2,470,285,782.90, an increase of 2.98% from the end of the previous year[8] - Total assets increased to ¥2,470,285,782.90 in Q1 2022 from ¥2,398,875,677.46 in Q1 2021, representing a growth of 3.0%[33] - Total liabilities decreased to ¥388,886,156.26 in Q1 2022 from ¥400,073,812.40 in Q1 2021, a reduction of 2.9%[33] - The company's cash and cash equivalents decreased to ¥479,971,939.58 from ¥519,431,185.50 at the end of the previous year[27] - Cash and cash equivalents at the end of Q1 2022 stood at ¥455,414,371.07, compared to ¥401,275,271.75 at the end of Q1 2021, representing an increase of about 13.5%[44] Operational Metrics - The company's operating costs rose by 41.27% to ¥517,103,159.77, attributed to increased revenue scale and raw material price hikes[16] - Total operating costs for Q1 2022 were ¥588,296,002.50, up from ¥426,148,157.60 in Q1 2021, reflecting a 37.9% increase[36] - The total operating expenses for Q1 2022 were ¥574,699,905.51, compared to ¥490,527,113.20 in Q1 2021, indicating an increase of about 17.2%[42] - Research and development expenses for Q1 2022 were ¥18,005,400.43, slightly down from ¥18,689,816.91 in Q1 2021[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,799[20] - The largest shareholder, Wang Qiangxiang, holds 54.54% of the shares, totaling 219,517,200 shares[20] - Jiangsu Baisite Investment Group Co., Ltd. is the second-largest shareholder with 15.83%, holding 63,730,800 shares[20] Other Financial Metrics - The income tax expense decreased by 48.73%, amounting to ¥2,770,510.18, down from ¥5,403,895.97 year-over-year[19] - The weighted average return on equity decreased by 1.11 percentage points to 4.18%[8] - The company reported a significant increase in other income, which rose by 12,118.43% to ¥1,041,944.62, mainly due to the write-off of payables[16] - The company experienced a foreign exchange loss of ¥8,166,768.40 in Q1 2022, contrasting with a gain of ¥5,509,713.73 in Q1 2021[44] - The company reported a decrease in accounts payable to ¥100,683,724.29 in Q1 2022 from ¥114,373,422.87 in Q1 2021, a decline of 11.9%[33] - Deferred tax assets increased to ¥4,539,799.84 in Q1 2022 from ¥3,632,924.86 in Q1 2021, an increase of 24.9%[33]

Financial Performance - The company's operating revenue for Q3 2021 was ¥583,633,431.17, representing an increase of 8.15% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥104,044,419.03, a decrease of 22.17% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,311,825.29, down 23.81% from the previous year[6]. - The basic earnings per share for Q3 2021 was ¥0.26, a decline of 29.72% year-over-year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥1,748,909,955.02, an increase of 30.2% compared to ¥1,343,201,249.14 in the same period of 2020[40]. - Net profit for the first three quarters of 2021 was ¥320,441,955.54, a slight increase from ¥313,866,632.20 in the same period of 2020[43]. - The total comprehensive income for the first three quarters was ¥324,688,844.08, compared to ¥305,642,640.18 in the previous year, reflecting an increase of 6.2%[46]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥139,954,711.51, showing a significant decrease of 51.87% compared to the same period last year[9]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 1,853,721,277.60, an increase of 31.5% compared to CNY 1,409,326,846.56 in the same period of 2020[48]. - The net cash outflow from operating activities was CNY 139,954,711.51, a decrease of 51.9% compared to CNY 290,761,167.61 in the previous year[51]. - The total assets attributable to shareholders at the end of the reporting period were ¥2,293,242,169.73, an increase of 10.76% from the end of the previous year[9]. - The total current assets rose to RMB 1,394,585,477.34, compared to RMB 1,329,577,011.52, indicating an increase of about 4.9%[32]. - The company reported a significant increase in long-term assets, totaling RMB 898,656,692.39, up from RMB 740,804,355.91, which is an increase of approximately 21.4%[32]. - The cash and cash equivalents decreased to RMB 400,225,206.78 from RMB 426,389,558.52, a decline of about 6.4%[29]. Liabilities and Equity - The company's total liabilities rose to ¥341,783,014.66, compared to ¥252,342,967.73 in the previous year, indicating a growth of 35.4%[39]. - The total equity attributable to shareholders increased to ¥1,951,459,155.07 from ¥1,818,038,399.70, marking a growth of 7.3%[39]. - Owner's equity totaled 1,818,038,399.70, with undistributed profits at 772,350,909.86[60]. - The total liabilities increased from 265,603,066.21 to 252,342,967.73, reflecting a decrease in non-current liabilities[60]. Production and Investment - The company experienced strong demand for leisure grass products, contributing to rapid growth in main business revenue[12]. - The company plans to invest RMB 82,381 million in expanding its production base in Vietnam, aiming for an annual production capacity of 50 million square meters of artificial turf[26]. - The production capacity utilization in Vietnam has recovered to around 75% as of the report date, following the easing of COVID-19 restrictions[23]. - The company is facing production challenges in Vietnam due to COVID-19, which has affected its operational capacity[23]. Research and Development - Research and development expenses increased to ¥63,839,742.44 in 2021 from ¥42,920,013.63 in 2020, reflecting a growth of 48.7%[43]. Stock and Incentives - The company granted 287,000 restricted stock units at a price of RMB 14.61 per share to 30 eligible participants as part of its incentive plan[27].