Financial Performance - The company achieved operating revenue of CNY 1,670,461,421.66 in 2022, a year-on-year increase of 3.86%[25]. - Net profit attributable to shareholders was CNY 93,598,496.48, representing a decline of 35.03% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 74,542,059.45, down 40.51% year-on-year[25]. - The company maintained a weighted average return on equity of 4.74%, a decrease of 2.58 percentage points from the previous year[23]. - The total assets at the end of 2022 were CNY 2,901,653,256.20, an increase of 2.24% from the end of 2021[22]. - The company reported a net cash flow from operating activities of CNY 279,713,564.98, down 11.55% from the previous year[22]. - The company's operating costs rose by 7.50% to CNY 1,364.29 million, driven by new store openings and fixed costs during periods of halted dine-in services[67]. - The gross margin for the catering and accommodation services segment was 12.66%, reflecting a decrease of 4.67 percentage points compared to the previous year[70]. Dividend Policy - The company plans to distribute a cash dividend of 0.75 RMB per 10 shares, totaling 19,500,000 RMB based on a total share capital of 260,000,000 shares as of the end of 2022[6]. - The company emphasizes a stable cash dividend policy, with a minimum cash dividend ratio of 80% during mature stages without significant capital expenditure[143]. - The company’s profit distribution policy prioritizes cash dividends, with conditions including profitability and positive retained earnings[142]. - The company’s board of directors is responsible for formulating and discussing profit distribution plans, ensuring independent directors' opinions are considered[144]. Governance and Oversight - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the authenticity and completeness of the financial report[5]. - The company has a dedicated board of directors and supervisory board, ensuring governance and oversight[4]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[107]. - The supervisory board, comprising 3 members, held 6 meetings to oversee the company's financial status and management performance[108]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations[110]. - The company has established effective communication channels between shareholders and the board to ensure transparency in major decisions[105]. Operational Challenges - The company faced significant operational challenges in 2022, particularly in the second and fourth quarters, due to external factors affecting dine-in services[33]. - The overall restaurant industry in China faced a 6.3% decline in revenue in 2022, highlighting the challenging market conditions the company navigated[43]. - The restaurant market is experiencing intensified competition, leading to rising costs in labor, rent, raw materials, and energy, which poses operational risks[103]. Expansion and Growth - The company opened new stores despite challenging external conditions, contributing to revenue growth[25]. - The company expanded its operational area by nearly 200,000 square meters from 2020 to 2022, including three new hotels and five large restaurant outlets[34]. - The company plans to open 4-8 new restaurants and secure 10 new store properties as reserves in 2023[100]. - The hotel business aims to open 2-4 new locations and develop 1-3 management projects in 2023, focusing on the Yangtze River Delta and Greater Bay Area[101]. Social Responsibility - The company remains committed to social responsibility, opting not to lay off employees or reduce salaries during difficult times[25]. - The company has invested CNY 246,700 in poverty alleviation and rural revitalization projects, focusing on purchasing agricultural products[159]. - The company has actively engaged in social responsibility initiatives, contributing CNY 150,000 in material donations[158]. Market Position and Strategy - The company aims to leverage its brand advantages and supply chain efficiencies to reduce costs and enhance operational effectiveness across its three business segments[56]. - The company is focusing on digital transformation, including the development of core business systems and the upgrade of its ERP system to enhance operational efficiency[41]. - The company has developed a strong competitive edge in the wedding banquet market, becoming a leading chain restaurant enterprise with a wide influence and strong reputation[60]. Risk Management - The management has outlined potential risks in the "Management Discussion and Analysis" section, advising investors to be cautious[7]. - The company faced food safety risks that could negatively impact its brand and operations[103]. - The company has committed to using biodegradable packaging to reduce environmental pollution[156]. Employee Management - The total number of employees in the parent company is 2,675, while the main subsidiaries employ 3,123, resulting in a total of 5,798 employees[136]. - The company has implemented a performance-based compensation system to enhance employee motivation and align with industry standards[137]. - The company plans to improve its employee promotion channels and empowerment systems to facilitate rapid talent emergence[139]. Financial Management - The company has reported a daily maximum amount of entrusted financial management of 29 million RMB from self-owned funds and 33.3 million RMB from raised funds in 2022[189]. - The actual amount of daily related transactions for 2022 was 2,324,149.68 RMB, with no abnormal transactions reported[185]. - The company has committed to not transferring benefits to other entities or individuals without compensation, ensuring the protection of company interests[178].

重要内容提示： 会议问题征集：投资者可于 2023 年 4 月 21 日(星期五) 至 4 月 27 日(星期 四)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 TQL2009@sohu.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：605108 证券简称：同庆楼 公告编号：2023-008 同庆楼餐饮股份有限公司 关于召开 2022 年度暨 2023 年第一季度 业绩说明会的预告公告 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。 二、说明会召开的时间、地点 会议召开时间：2023 年 4 月 28 日(星期五)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（http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 1、会议召开时间：2023年4月28日上午10:00-11:00 2、会议召开地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.com/） 3、会议召 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥502,036,021.94, representing a year-on-year increase of 52.49%[6] - Net profit attributable to shareholders for Q3 2022 was ¥66,701,654.76, a significant increase of 688.57% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥59,645,100.73, reflecting a year-on-year increase of 917.01%[6] - Basic earnings per share for Q3 2022 were ¥0.26, up 766.67% from the previous year[10] - The weighted average return on equity for Q3 2022 was 3.43%, an increase of 2.98 percentage points compared to the previous year[10] - The company achieved a net cash flow from operating activities of ¥310,136,391.63 for the year-to-date period, reflecting an 18.72% increase[10] - The company experienced a rapid recovery in performance in Q3 2022, attributed to reduced pandemic impacts and the resumption of delayed orders from the first half of the year[10] - The company continues to demonstrate strong operational resilience and cash flow management capabilities, indicating a promising outlook for post-pandemic business growth[10] - Total operating revenue for the first three quarters of 2022 reached ¥1,247,283,881.51, an increase of 11.25% compared to ¥1,121,319,392.07 in the same period of 2021[34] - Net profit for the third quarter of 2022 was ¥87,818,317.32, representing a 10.67% increase from ¥79,537,639.86 in the third quarter of 2021[40] - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.34, compared to ¥0.31 in the same quarter of 2021[43] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,948,623,421.14, representing a 3.89% increase from the end of the previous year[10] - Total current assets decreased to 956,779,455.88 RMB from 1,007,195,151.06 RMB year-over-year[28] - Total assets increased to 2,948,623,421.14 RMB from 2,838,142,428.12 RMB year-over-year[32] - Total liabilities increased to 526,733,727.88 RMB from 412,334,345.78 RMB year-over-year[32] - Total liabilities increased to ¥968,623,256.86 in 2022 from ¥872,863,829.77 in 2021, reflecting a growth of 10.98%[34] - Total equity attributable to shareholders reached ¥1,980,000,164.28, up from ¥1,965,278,598.35 in the previous year[34] Cash Flow - The company's cash and cash equivalents as of September 30, 2022, amount to 276,637,368.67 RMB, an increase from 254,424,112.90 RMB at the end of 2021[28] - The net cash flow from operating activities for Q3 2022 was $310,136,391.63, an increase of 18.7% compared to $261,241,857.91 in Q3 2021[47] - Total cash outflow from operating activities amounted to $1,131,532,239.53, up from $986,032,987.14 in the same period last year[47] - Cash inflow from investment activities decreased significantly to $370,990,187.87 from $1,068,286,649.67 year-over-year[47] - The net cash flow from investment activities was negative at -$166,796,893.67, compared to -$97,129,531.88 in Q3 2021[47] - Cash outflow from financing activities totaled $119,025,017.45, slightly higher than $108,159,149.17 in the previous year[47] - The net cash flow from financing activities was also negative at -$119,025,017.45, compared to -$108,159,149.17 in Q3 2021[47] - The ending balance of cash and cash equivalents was $268,134,158.91, down from $499,661,690.71 in the same quarter last year[47] - The company reported a cash inflow of $24,314,480.51 for the quarter, a decrease from $55,953,176.86 in Q3 2021[47] - The cash flow from investment activities included cash received from the recovery of investments amounting to $364,000,000.00, down from $1,045,000,000.00 in the previous year[47] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,726[21] - The largest shareholder, Ma'anshan Puyuan Investment Development Co., Ltd., holds 97,640,187 shares, accounting for 37.55% of total shares[21] Research and Development - Research and development expenses for the third quarter of 2022 were ¥1,175,839.51, a decrease from ¥1,611,660.33 in the previous year[37] - The company has not disclosed any new product or technology developments in the current reporting period[21] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2022[49]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥745,247,859.57, representing a decrease of 5.91% compared to ¥792,087,074.47 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥21,116,662.56, a significant decline of 70.29% from ¥71,079,052.25 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,343,036.60, down 79.79% from ¥61,084,299.19 in the same period last year[19]. - The net cash flow from operating activities increased by 17.09% to ¥163,036,266.15, compared to ¥139,242,040.53 in the previous year[19]. - The gross profit margin for the first half of 2022 was 13.3%, down from 19.38% in the same period last year, primarily due to increased fixed costs amid declining revenue[46]. - The company's actual revenue for the first half of 2022 was only 78.27% of the budgeted income, with a year-on-year decline of 5.91% compared to the first half of 2021[20]. - Basic earnings per share decreased by 70.37% to CNY 0.08 compared to CNY 0.27 in the same period last year[20]. - The weighted average return on equity dropped to 1.07%, a decrease of 2.76 percentage points from 3.83% in the previous year[20]. Market Position and Strategy - The company aims to cover all cities and counties in China with its catering services, indicating vast market potential[25]. - The company operates 62 direct stores across various regions, including 40 restaurants and 7 wedding venues[25]. - The restaurant industry in China has an average annual growth rate of 18.6% over the past 30 years, outpacing GDP growth[24]. - The company emphasizes brand and cultural competition as core competitive advantages in the increasingly homogeneous restaurant industry[24]. - The company has established a wedding banquet division with two brands, focusing on high-quality wedding services[27]. - The company focuses on the banquet and wedding market, creating a one-stop banquet hall product and service process, enhancing its market competitiveness[37]. - The company aims to create a multi-business model integrating catering, hotels, and food, enhancing operational efficiency and meeting diverse consumer needs[39]. Operational Developments - The company has developed 13 SKUs in its dim sum product line and introduced new products such as fish and shrimp series, which have received high market recognition[32]. - The company has entered the Jiangsu market and established partnerships with 38 supermarkets in Nanjing, aiming to reach 100 supermarket entries by the end of the year[33]. - The company has established a hotel management division to expand its "Fillmore" brand, with plans to fully launch hotel management services next year[30]. - The company has built a supply chain advantage with a centralized procurement and processing base, significantly reducing raw material costs and improving efficiency[40]. - The company has a daily average of over 40,000 customers visiting its restaurants, which will contribute to a growing membership base for its food business[33]. - The company successfully opened new stores by leveraging experienced staff for training and standardization, ensuring rapid replication of its business model[42]. Financial Health and Investments - The company reported a significant increase in prepayments, with a 106.95% rise in prepayments to 23.81 million yuan compared to the previous year[50]. - The company experienced a 204.11% increase in accounts receivable, reaching 23.03 million yuan, attributed to sales on credit during the pandemic[50]. - The company’s investment activities generated a net cash flow of 13.51 million yuan, a decrease of 80.35% compared to the previous year due to reduced financial investments[49]. - The company has committed to a 36-month lock-up period for major shareholders following the IPO, with specific conditions for share reduction thereafter[73]. - The company has a stock price stabilization plan that will be triggered if the stock price falls below the latest net asset value per share for 20 consecutive trading days[81]. - The company will hold a shareholder meeting within 30 days of board resolution to discuss stock repurchase plans, requiring a two-thirds majority for approval[83]. - The company has committed to not using its position to harm the interests of other shareholders through related party transactions[80]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, implementing measures to reduce carbon emissions and promote resource conservation[69]. - The company has designed its stores with oil separation and waste management systems to comply with environmental standards[68]. - The company has actively promoted the use of biodegradable materials in its operations to support environmental sustainability[70]. - The company maintained a strong commitment to social responsibility during the pandemic, opting not to lay off employees or reduce salaries while incurring higher fixed costs[44]. Governance and Compliance - The company has not disclosed any significant changes in its employee incentive plans during the reporting period[66]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[65]. - The company has not reported any changes in share capital structure during the reporting period[101]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[96][95]. - The company adheres to the Chinese accounting standards, ensuring the accuracy and completeness of its financial reporting[148]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[149]. Financial Instruments and Risk Management - The company recognizes expected credit losses based on the risk of default for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[176]. - The company assesses credit risk for accounts receivable based on aging, determining the provision for bad debts according to historical loss rates and current conditions[178]. - Financial assets are classified at initial recognition based on the business model for managing them and their cash flow characteristics, including those measured at amortized cost and fair value[170]. - The company prioritizes the use of observable input values for fair value measurement, resorting to unobservable inputs only when necessary[186].

Financial Performance - In 2021, the company achieved operating revenue of CNY 1,608,368,930.95, a year-on-year increase of 24.11% compared to CNY 1,295,920,464.10 in 2020[25]. - The net profit attributable to shareholders was CNY 144,064,803.19, representing a decrease of 22.17% from CNY 185,109,587.49 in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 125,302,393.74, down 25.10% from CNY 167,298,431.00 in 2020[25]. - The company reported a net cash flow from operating activities of CNY 316,228,588.10, an increase of 26.16% compared to CNY 250,665,548.14 in 2020[25]. - The gross profit margin for 2021 was 21.09%, a significant decrease of 34.00% from 55.09% in 2019, primarily due to changes in accounting standards[30]. - The net profit margin for 2021 was 8.96%, indicating a decline in overall profitability despite revenue growth[32]. - Total assets at the end of 2021 were CNY 2,838,142,428.12, a 26.10% increase from CNY 2,250,790,135.71 at the end of 2020[25]. - The company’s weighted average return on equity decreased to 7.32% in 2021, down 6.05 percentage points from 13.37% in 2020[25]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.80 RMB per 10 shares, totaling 72,800,000 RMB based on a total share capital of 260,000,000 shares as of the end of 2021[8]. - The board approved a dividend payout of 0.2 RMB per share, reflecting a commitment to returning value to shareholders[167]. - The company reported a profit distribution plan involving a capital reserve transfer to share capital, with a proposal to distribute 3 shares for every 10 shares held[163]. - The total pre-tax remuneration for the chairman during the reporting period was 1,680,000 CNY[158]. - The total remuneration paid to all directors, supervisors, and senior management during the reporting period amounted to 4.1736 million CNY[176]. Operational Developments - The company has maintained revenue growth and a stable profit level in its main catering and banquet business[8]. - The company opened 7 new stores compared to 2019, contributing to a revenue increase of 9.95% from CNY 1,462,789,983.89[28]. - The company plans to continue enhancing operational efficiency and expanding its market presence through new store openings and upgrades[50]. - The company plans to open at least 100 supermarket locations in Jiangsu by the end of 2022, having already signed contracts with 33 Su Guo supermarkets[55]. - The company opened 5 new stores and upgraded 7 existing stores during the reporting period[48]. Risk Management and Compliance - The management discussion section outlines potential risks the company may face, urging investors to pay attention to investment risks[9]. - The audit report issued by Rongcheng Accounting Firm confirmed the financial statements' accuracy and completeness, providing a standard unqualified opinion[7]. - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring compliance with regulations[9]. - The company has implemented internal control measures in accordance with regulatory requirements, enhancing the effectiveness of its internal control system[149]. - The company has not encountered any significant discrepancies with the regulations regarding corporate governance as stipulated by laws and the China Securities Regulatory Commission[151]. Market and Industry Insights - The restaurant industry in China has experienced an average annual growth rate of 18.6% over the past 30 years, indicating strong market potential[56]. - The wedding industry market size was approximately CNY 2.11 trillion in 2019, with a projected annual growth rate of 5% from 2021 to 2026[57]. - In 2021, the national catering revenue reached CNY 468.95 billion, a year-on-year increase of 18.64%[125]. - The catering revenue from large-scale enterprises was CNY 104.34 billion, growing by 23.5% year-on-year, exceeding the national average by 4.9 percentage points[125]. - In 2021, the catering industry accounted for 10.6% of the total retail sales of consumer goods, an increase of 0.5 percentage points from the previous year[125]. Strategic Initiatives and Future Plans - The company plans to expand its new stores along the Shanghai-Nanjing line and in major cities of Zhejiang and Hubei provinces, with some projects in the leasing contract stage[132]. - The company aims to complete no less than 100 SKU products in 2022, focusing on traditional Chinese cuisine and expanding into the Jiangsu market with nearly 100 supermarket entries planned[136]. - The company will implement a comprehensive data-driven operation strategy in 2022 to maximize customer resource value and promote sustainable business growth[137]. - The company is investing 50 million RMB in new technology for kitchen automation to improve efficiency and reduce costs[167]. - The company is exploring potential acquisitions to enhance its supply chain, with a budget of 100 million RMB allocated for this purpose[167]. Governance and Management - The company has established a governance framework consisting of the shareholders' meeting, board of directors, supervisory board, and senior management, ensuring clear responsibilities and effective coordination among these entities[144]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a reasonable professional structure[147]. - The supervisory board, comprising 3 members, effectively supervises the company's financial status and the performance of the board and senior management[148]. - The company emphasizes investor relations management, actively engaging with investors through performance briefings and various communication channels[148]. - The company has established effective communication channels between shareholders and the board, ensuring transparency in major company matters[145].

Financial Performance - The company's operating revenue for Q1 2022 was ¥424,127,575.56, representing a year-on-year increase of 5.04%[6] - Net profit attributable to shareholders was ¥22,800,715.45, a decrease of 27.67% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥18,485,688.94, down 29.81% year-on-year[6] - Total operating revenue for Q1 2022 was CNY 424,127,575.56, an increase of 5.3% compared to CNY 403,783,177.35 in Q1 2021[33] - Net profit for Q1 2022 was CNY 22,800,715.45, a decrease of 27.7% from CNY 31,521,888.87 in Q1 2021[35] - The company reported a total profit of CNY 31,760,949.20 for Q1 2022, down from CNY 41,758,133.68 in Q1 2021[35] Cash Flow - The net cash flow from operating activities increased by 35.83% to ¥66,038,256.99[6] - Cash inflow from operating activities for Q1 2022 was $482.63 million, an increase of 15.5% compared to $417.73 million in Q1 2021[38] - Net cash flow from operating activities for Q1 2022 was $66.04 million, up 36.0% from $48.62 million in Q1 2021[38] - Cash inflow from investment activities for Q1 2022 was $399.56 million, a decrease of 11.6% from $451.99 million in Q1 2021[40] - Net cash flow from investment activities for Q1 2022 was $202.16 million, compared to a negative $27.20 million in Q1 2021[40] Expenses and Costs - Total operating costs for Q1 2022 were CNY 400,927,822.21, up 8.2% from CNY 370,551,882.64 in Q1 2021[33] - Financial expenses for Q1 2022 were CNY 6,703,819.95, compared to CNY 4,822,724.96 in Q1 2021, marking an increase of 38.9%[33] - Tax expenses for Q1 2022 were CNY 8,960,233.75, a decrease from CNY 10,236,244.81 in Q1 2021[35] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,748[18] - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 97,640,187 shares, accounting for 37.55% of total shares[18] - The second largest shareholder, Shen Jishui, holds 53,803,307 shares, representing 20.69% of total shares[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,828,148,454.09, a slight decrease of 0.35% from the end of the previous year[9] - Total current assets as of March 31, 2022, amount to 916,660,214.58 RMB, a decrease from 1,007,195,151.06 RMB at the end of 2021[24] - Total non-current assets as of March 31, 2022, are 1,911,488,239.51 RMB, compared to 1,830,947,277.06 RMB at the end of 2021[27] - Total liabilities decreased to CNY 840,069,140.29 in the latest report from CNY 872,863,829.77[28] - Total equity attributable to shareholders increased to CNY 1,988,079,313.80 from CNY 1,965,278,598.35[28] Research and Development - Research and development expenses increased by 40.78% due to enhanced investment in R&D[15] - Research and development expenses increased to CNY 426,521.45 in Q1 2022 from CNY 302,965.40 in Q1 2021, reflecting a growth of 40.8%[33]

Financial Performance - The company's revenue for Q3 2021 was CNY 329,232,317.60, a decrease of 5.27% compared to the same period last year, but an increase of 0.39% when adjusted for the previous year's VAT exemption[7]. - Net profit attributable to shareholders was CNY 8,458,587.61, down 68.11% year-on-year, while the net profit excluding non-recurring gains and losses was CNY 5,864,753.85, down 74.96%[7]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.03, a decrease of 78.57% compared to the same period last year[10]. - The net profit for the third quarter of 2021 was CNY 79,537,639.86, a decrease from CNY 106,456,586.81 in the same period of 2020, representing a decline of approximately 25.3%[46]. - The total operating profit for the third quarter was CNY 107,641,303.66, down from CNY 205,435,225.52 year-over-year, indicating a decrease of about 47.7%[46]. - The company reported a total profit of CNY 107,052,964.92 for the third quarter, down from CNY 145,466,880.31 in the same period of 2020, reflecting a decrease of approximately 26.4%[46]. Cash Flow and Liquidity - Operating cash flow for the year-to-date period was CNY 261,241,857.91, reflecting a significant increase of 95.55% compared to the previous year[7]. - Year-to-date net cash flow from operating activities rose by 95.55%, indicating improved cash management despite challenges[25]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 1,191,539,194.11, an increase of 45.5% compared to CNY 818,792,834.45 in the same period of 2020[48]. - The net cash flow from operating activities for the third quarter was CNY 261,241,857.91, up from CNY 133,590,860.74 in the previous year, reflecting a growth of approximately 95.4%[52]. - The total cash and cash equivalents at the end of the period increased to 499,661,690.71 RMB, up from 443,708,513.85 RMB at the beginning of the period, reflecting a net increase of 55,953,176.86 RMB[54]. Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 2,719,675,065.06, representing a 20.83% increase from the end of the previous year[10]. - The company's total liabilities amounted to ¥838,513,510.49, compared to ¥344,831,763.23 in the previous year, reflecting a significant increase of approximately 143%[41]. - Non-current assets totaled ¥1,619,853,098.98 as of September 30, 2021, compared to ¥998,502,134.70 in the previous year, marking an increase of approximately 62.2%[38]. - The equity attributable to shareholders was ¥1,881,161,554.57, slightly down from ¥1,905,958,372.48, indicating a decrease of about 1.3%[43]. Operational Changes - The company opened three new stores in Q3 2021, while three existing stores were closed for renovations, impacting overall revenue[11]. - The company incurred expenses of CNY 8,339,900 for the three new stores and CNY 4,331,500 for stores under construction, contributing to increased costs despite a decline in revenue[13]. - The company is cautiously investing in new business areas while maintaining resilience in its core restaurant operations amid ongoing pandemic challenges[15]. - The net profit attributable to shareholders decreased by 68.11% due to the impact of the pandemic and the opening of new stores, alongside increased costs from new business development[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,736[26]. - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 37.55% of shares[26]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥1,611,660.33, compared to ¥188,890.72 in the same period of 2020, showing a substantial increase[43]. Other Financial Metrics - The company reported a decrease in the weighted average return on equity to 0.45%, down 81.68 percentage points year-on-year[10]. - The company received government subsidies totaling CNY 1,046,905.90 during the reporting period, contributing to non-operating income[17]. - The implementation of the new leasing standards resulted in the recognition of right-of-use assets amounting to 373,250,552.99 RMB[54]. - The company’s lease liabilities were recorded at 477,839,850.38 RMB following the adjustment for the new leasing standards[54].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥792,087,074.47, representing a 68.22% increase compared to ¥470,873,198.37 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥71,079,052.25, a decrease of 11.08% from ¥79,936,321.82 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥61,084,299.19, down 12.99% from ¥70,204,799.18 in the same period last year[24]. - The net cash flow from operating activities increased by 30.73% to ¥139,242,040.53, compared to ¥106,510,306.51 in the previous year[24]. - The total assets of the company at the end of the reporting period were ¥2,646,065,716.42, an increase of 17.56% from ¥2,250,790,135.71 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company decreased by 1.74% to ¥1,872,702,966.96 from ¥1,905,958,372.48 at the end of the previous year[24]. - Basic earnings per share decreased by 49.06% to CNY 0.27 compared to the same period last year[25]. - The overall gross margin for the first half of 2021 was 52.87%, down 3% compared to the same period in 2019[25]. - The company achieved cash and cash equivalents of ¥563,545,822.02 at the end of the period, an increase from ¥324,865,467.13 at the end of the previous year[186]. - The company reported a comprehensive income total of ¥71,079,052.25 for the current period[194]. Business Expansion and Strategy - The company plans to expand its wedding banquet business with new locations in cities like Changzhou, Wuhan, and Fuyang[32]. - The restaurant division focuses on the "Tongqinglou" brand, catering to a growing market for social dining and banquet services[31]. - The company is developing a high-end wedding service brand "PALACE" with plans for nationwide expansion[32]. - The company aims to rapidly replicate successful sub-brands under its new dining division, leveraging its mature operational experience and supply chain systems[41]. - The company is focusing on the banquet and wedding market, which is projected to grow at a compound annual growth rate of 5% from 2021 to 2026, despite a decline in the number of registered marriages[44]. - The company has developed a one-stop wedding service model, enhancing its competitive edge in the wedding banquet sector with a professional design team and innovative scene designs[50]. - The company plans to add approximately 100,000 square meters of new operating area by the end of 2021[62]. - The company is expanding its market presence by signing new projects and accelerating construction preparations[62]. - The company plans to enter the Asian market, targeting a revenue contribution of $1 billion by the end of 2024[200]. Market and Industry Insights - The restaurant industry in China has seen an average annual growth rate of 18.6% over the past 30 years, significantly outpacing GDP growth, indicating a robust market environment[44]. - The overall business performance showed resilience despite the ongoing challenges posed by the pandemic[25]. - The company’s dining services are expected to cover all cities and counties in China, indicating significant market expansion potential[49]. - Customer retention rate improved to 85%, up from 80% in the previous quarter, showcasing better user engagement[200]. - Market expansion efforts in Europe resulted in a 25% increase in market share, now accounting for 30% of total sales[200]. Research and Development - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience and product efficiency[200]. - Research and development expenses for the first half of 2021 were CNY 1,266,316.28, significantly higher than CNY 91,258.89 in the same period of 2020, indicating a focus on innovation[174]. Shareholder and Governance Matters - The company held its 2020 Annual General Meeting on May 12, 2021, where resolutions including the approval of the 2020 annual report and profit distribution were passed[81]. - There were changes in the board of directors, with independent director Liu Lin resigning in January 2021 and Wang Meifeng resigning in March 2021, while Zhang Xiaojian and Zhang Wei were elected as new directors[85]. - The company has committed to various share lock-up agreements, including a 36-month lock-up for major shareholders following the IPO[92]. - The company will ensure that any share transfers by its directors, supervisors, and senior management do not exceed 25% of their total shareholdings annually after the lock-up period[97]. - The company will implement measures such as stock buybacks and increasing shareholdings by major shareholders to stabilize its stock price[106]. - The company commits to optimizing its governance structure and enhancing internal controls to improve operational performance[117]. Financial Position and Assets - The company reported a total current assets of CNY 1,134,112,625.16 as of June 30, 2021, a decrease of 9.45% from CNY 1,252,288,001.01 on December 31, 2020[156]. - Total assets increased to CNY 2,646,065,716.42, up from CNY 2,250,790,135.71, representing a growth of approximately 17.6% year-over-year[161]. - Total liabilities amounted to CNY 773,362,749.46, compared to CNY 344,831,763.23, indicating a significant increase[161]. - Owner's equity totaled CNY 1,872,702,966.96, down from CNY 1,905,958,372.48, a decrease of about 1.7%[161]. - The company reported a significant increase in cash received from investment recoveries, totaling ¥695,000,000.00, with no comparable figure from the previous year[186]. Operational Efficiency - Operating margin improved to 30%, up from 28% in the previous quarter, indicating better cost management[200]. - The company has established a centralized supply chain system that improves raw material quality and reduces costs through large-scale procurement and cold chain logistics[51]. - The company has established a standardized management system to ensure the replicability of its restaurant operations[56].

Financial Performance - The company reported a total revenue of RMB 5 million for the first half of 2021, representing a year-on-year increase of 20% compared to the same period last year[22]. - The net profit for the first half of 2021 was RMB 1 million, which is an increase of 15% year-on-year[22]. - The company's operating revenue for the first half of 2021 was approximately 792.09 million RMB, representing a 68.22% increase compared to the same period last year[24]. - Net profit attributable to shareholders decreased by 11.08% to approximately 71.08 million RMB compared to the first half of 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately 61.08 million RMB, down 12.99% year-on-year[24]. - The overall gross profit margin for the first half of 2021 was 52.87%, a decrease of 3% compared to the same period in 2019[25]. - The net cash flow from operating activities increased by 30.73% to approximately 139.24 million RMB compared to the same period last year[24]. - The company reported a net cash flow from operating activities of CNY 139.24 million, an increase of 30.73% year-on-year[65]. - The company reported a total of ¥383,955,894.23 in financial assets measured at fair value as of June 30, 2021[71]. Market Expansion and Strategy - The company plans to expand its market presence by opening 10 new restaurants by the end of 2021, aiming for a 25% increase in customer base[22]. - The company is investing RMB 2 million in new product development, focusing on healthier menu options to attract a broader audience[22]. - Future guidance estimates a revenue growth of 15% for the second half of 2021, driven by increased marketing efforts and new product launches[22]. - The company is actively exploring potential mergers and acquisitions to enhance its market position and operational capabilities[22]. - The company plans to expand its wedding banquet division with new locations in cities such as Shanghai, Nanjing, and Hangzhou[33]. - The company is focusing on enhancing its banquet services and has opened new banquet centers, including the Wuhu banquet center in May 2021[33]. - The company aims to leverage its large restaurant network to enhance food sales, benefiting from its strong brand foundation as a time-honored enterprise[41]. - The company has developed a one-stop wedding service model, enhancing its market competitiveness in the wedding banquet sector with two product series: "Palace Paris Art Center" and "Tongqinglou Banquet Center"[51]. Governance and Compliance - The company has no non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[7]. - There are no violations of decision-making procedures regarding external guarantees, indicating strong governance practices[7]. - The company has implemented measures to address related party transactions and competition issues, ensuring compliance with long-term commitments[95]. - The company has maintained strict adherence to its commitments regarding shareholding and management practices[96]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts or court judgments unfulfilled during the reporting period[127]. - The company has not disclosed any significant related party transactions that have progressed or changed after initial announcements, maintaining transparency in operations[131]. Risks and Challenges - The management has identified potential risks related to market competition and changing consumer preferences, advising investors to remain cautious[6]. - The company faced significant food safety risks due to increasing consumer awareness and regulatory scrutiny, which could negatively impact brand reputation and financial performance[81]. - The company is closely monitoring the impact of the COVID-19 pandemic on its financial condition and operational results[80]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,739[143]. - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., held 97,640,187 shares, representing 37.55% of the total shares[143]. - The second-largest shareholder, Shen Jishui, held 53,803,307 shares, accounting for 20.69% of the total shares[143]. - The top five shareholders collectively held 172,000,000 shares, which is approximately 67.09% of the total shares[143]. - The company plans to unlock 97,640,187 shares for trading on July 17, 2023, which are currently under lock-up for 36 months[150]. Operational Efficiency - The company has established a centralized supply chain system that improves raw material quality and significantly reduces costs through large-scale procurement and cold chain logistics[52]. - The company implemented an ERP system for cross-regional centralized management, enhancing operational efficiency and standardization across its chain stores[54]. - The company has established a professional R&D department to drive product innovation and maintain culinary quality, ensuring a competitive edge in the market[58]. - The company aims to leverage its brand and supply chain advantages to enhance operational efficiency and reduce costs through multi-business synergy[53]. Financial Position - The company's total assets increased by 17.56% to approximately 2.65 billion RMB compared to the end of the previous year[24]. - The company's cash and cash equivalents increased by 26.01% to ¥573,394,490.45, accounting for 21.67% of total assets[68]. - Inventory decreased by 26.42% to ¥74,686,134.19, representing 2.82% of total assets[68]. - The construction in progress increased by 30.59% to ¥421,836,210.14, which is 15.94% of total assets, due to new project investments[68]. - The total liabilities as of June 30, 2021, were CNY 773,362,749.46, compared to CNY 344,831,763.23, showing a substantial increase[163]. - The company's equity attributable to shareholders decreased to CNY 1,872,702,966.96 from CNY 1,905,958,372.48, a decline of about 1.7%[163]. Research and Development - The food division has completed product testing and is in full-scale production of its core products, including self-heating rice series and pre-prepared dishes, with plans for comprehensive promotion through various online and offline channels in the second half of 2021[41]. - Research and development expenses for the first half of 2021 were CNY 1,266,316.28, compared to CNY 91,258.89 in the same period of 2020, indicating a substantial increase[186]. - The company's food business is supported by a large team of chefs dedicated to innovation and product development, ensuring strong product capabilities[41].

Financial Performance - Operating revenue surged by 108.26% to CNY 403,783,177.35 year-on-year[17] - Net profit attributable to shareholders decreased by 17.79% to CNY 31,521,888.87 compared to the same period last year[17] - Basic earnings per share dropped by 38.46% to CNY 0.16 from CNY 0.26 in the same period last year[17] - The company's operating revenue reached ¥403,783,177.35, a 108.26% increase compared to ¥193,887,436.72 in the previous period, attributed to reduced pandemic impact this year[31] - Total operating revenue for Q1 2021 was approximately ¥403.78 million, a significant increase of 108.1% compared to ¥193.89 million in Q1 2020[55] - Net profit for Q1 2021 was approximately ¥31.52 million, a decrease of 17.8% from ¥38.34 million in Q1 2020[58] - The company reported a total profit of approximately ¥41.76 million for Q1 2021, compared to ¥51.47 million in Q1 2020, reflecting a decrease of 19.0%[55] - The company’s total profit for the first quarter of 2021 was CNY 20,800,996.00, down from CNY 59,335,870.43 in the first quarter of 2020, representing a decline of approximately 64.9%[61] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 48,619,378.51, compared to a negative cash flow of CNY -2,273,134.16 in the previous year[17] - The total cash received from operating activities was ¥409,713,094.41, a 103.12% increase from ¥201,711,916.79, reflecting recovery from pandemic disruptions[30] - Operating cash flow for the first quarter of 2021 was CNY 48,619,378.51, compared to a negative cash flow of CNY -2,273,134.16 in the first quarter of 2020, indicating a significant improvement[65] - The cash inflow from operating activities totaled CNY 417,734,944.08 in the first quarter of 2021, compared to CNY 202,021,248.24 in the first quarter of 2020, marking an increase of approximately 106.7%[65] - The company reported a net cash outflow from investing activities of CNY -27,195,477.77 in the first quarter of 2021, compared to CNY -41,727,185.20 in the same period of 2020, showing a reduced cash outflow[67] - The total cash and cash equivalents at the end of the first quarter of 2021 was CNY 424,284,190.25, compared to CNY 278,354,293.14 at the end of the first quarter of 2020, an increase of approximately 52.5%[67] Assets and Liabilities - Total assets increased by 17.49% to CNY 2,644,354,980.98 compared to the end of the previous year[17] - Non-current assets totaled CNY 1,488,975,732.98, up from CNY 998,502,134.70, indicating a significant increase of about 49.0%[46] - Current liabilities decreased to CNY 287,554,194.51 from CNY 344,831,763.23, reflecting a reduction of approximately 16.6%[46] - Total liabilities amounted to CNY 791,209,177.40, compared to CNY 344,831,763.23, showing a substantial increase[46] - Owner's equity totaled CNY 1,853,145,803.58, down from CNY 1,905,958,372.48, indicating a decrease of about 2.8%[46] - The company’s total current assets decreased to ¥1,155,379,248.00 from ¥1,252,288,001.01, indicating a reduction in liquidity[41] Expenses - The cost of goods sold was ¥193,941,905.75, reflecting a 126.53% increase from ¥85,615,456.85, also due to last year's pandemic-related shutdowns[31] - Research and development expenses surged by 577.91% to ¥302,965.40 from ¥44,691.39, as last year's expenses were significantly lower due to pandemic impacts[31] - The company's tax expenses increased by 144.30% to ¥43,424,609.70 from ¥17,775,095.78, driven by new store preparations and increased revenue[34] - The company’s management expenses rose by 299.41% to ¥28,089,023.69 from ¥7,032,548.41, again reflecting the low expenses in the previous year due to pandemic-related shutdowns[31] - Sales expenses for Q1 2021 were approximately ¥142.40 million, up 167.0% from ¥53.16 million in Q1 2020[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,783[23] - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 37.55% of the shares[23] Government Support - The company received government subsidies amounting to CNY 1,327,269.16 related to vocational training and development funds[19] New Standards and Adjustments - The company is adapting to the new leasing standards effective from January 1, 2021, which may impact future financial reporting and cash flow management[69] - The company reported a decrease in retained earnings by $81,828,440.15 due to adjustments related to the new leasing standards[69] - The total assets under the new leasing standard were adjusted to $373,250,552.99 as of January 1, 2021[69] - The company recorded a decrease in accounts payable by $5,348,120.65 following the implementation of the new leasing standard[69] - The company’s total liabilities related to leases were adjusted to $477,839,850.38 as of January 1, 2021[69]