Financial Performance - The company's operating revenue for Q1 2022 was CNY 474,195,475.69, representing a year-on-year increase of 44.02%[5] - The net profit attributable to shareholders decreased by 32.72% to CNY 26,109,379.62 compared to the same period last year[5] - The basic earnings per share (EPS) fell by 45.54% to CNY 0.21[5] - Total operating revenue for Q1 2022 was CNY 474,195,475.69, representing a 43.9% increase from CNY 329,250,015.88 in Q1 2021[18] - Net profit for Q1 2022 was CNY 26,109,379.62, a decrease of 32.8% compared to CNY 38,807,050.49 in Q1 2021[19] - Basic earnings per share for Q1 2022 was CNY 0.21, down from CNY 0.41 in Q1 2021[20] - The net profit for Q1 2022 was CNY 25,101,818.36, a decrease of 34.3% from CNY 38,317,682.17 in Q1 2021[27] Cash Flow - The net cash flow from operating activities was negative at CNY -82,316,670.57, a decrease of 22.71% year-on-year[5] - Cash flow from operating activities for Q1 2022 was a net outflow of CNY 82,316,670.57, compared to a net outflow of CNY 67,084,276.20 in Q1 2021[21] - The company's cash flow from operating activities showed a net decrease of CNY 37,681,281.17 in Q1 2022[22] - The net cash flow from operating activities was -CNY 79,300,318.53, worsening from -CNY 64,748,313.78 in the same period last year[28] - The cash inflow from financing activities for Q1 2022 was CNY 66,403,115.60, with a net cash inflow of CNY 55,262,645.49 after outflows[21] - The net cash flow from financing activities increased to CNY 52,830,625.99, compared to CNY 23,120,838.58 in the same quarter last year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,116,040,535.65, a slight increase of 0.17% from the previous year[6] - The company's total liabilities were CNY 592,596,562.31, down from CNY 615,177,067.01, showing a decrease of approximately 3.7%[17] - The equity attributable to shareholders increased to CNY 1,523,443,973.34 from CNY 1,497,334,593.72, reflecting a growth of about 1.7%[17] - The total assets as of March 31, 2022, amounted to CNY 2,068,758,484.68, compared to CNY 2,053,449,555.31 at the end of 2021[24] - The company's total liabilities decreased to CNY 553,403,393.29 from CNY 563,196,282.28[24] Inventory and Receivables - Accounts receivable increased to CNY 37,568,075.00 from CNY 26,446,129.50, representing a growth of about 42.1%[15] - Inventory rose to CNY 464,883,284.01, up from CNY 418,068,877.04, indicating an increase of approximately 11.2%[16] - The company's inventory as of March 31, 2022, was CNY 431,488,299.24, an increase from CNY 385,819,817.25 at the end of 2021[23] Research and Development - R&D expenses for Q1 2022 were CNY 17,837,082.82, an increase of 37.5% from CNY 12,998,591.77 in Q1 2021[18] - Research and development expenses for Q1 2022 were CNY 17,837,082.82, up from CNY 12,998,591.77 in Q1 2021, reflecting a 37.5% increase[26] Financing Activities - The company experienced a 68.6% increase in short-term borrowings due to increased operational needs[10] - The cash flow from financing activities increased by 142.59%, primarily due to the increase in short-term borrowings[11] - The company received CNY 48,000,000.00 in borrowings during the quarter, compared to CNY 29,268,211.95 in Q1 2021[28] Other Financial Information - The company reported a non-operating loss of CNY -6,598,935.33 from non-recurring items[9] - The company reported a total of CNY 20,000.00 in non-operating income for Q1 2022, compared to CNY 2,532.82 in Q1 2021[19] - The company has not disclosed any new product developments or market expansion strategies in the current report[15]

Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares, totaling 24,960,000 RMB (including tax) based on a total share capital of 124,800,000 shares as of December 31, 2021, resulting in a cumulative cash dividend ratio of 37.54% of the net profit attributable to shareholders for the year 2021[6]. - The company reported a total of 62,400,000 RMB in cash dividends distributed in the mid-year of 2021, in addition to the proposed year-end dividend[6]. - The company has not implemented any capital reserve transfers to increase share capital or other forms of distribution in the current profit distribution plan[6]. - The company has established a continuous and stable dividend return mechanism for investors, emphasizing shareholder returns[118]. Financial Performance - The company's operating revenue for 2021 was approximately ¥2.18 billion, representing a 43.57% increase compared to ¥1.52 billion in 2020[23]. - Net profit attributable to shareholders reached approximately ¥232.73 million, a significant increase of 105.39% from ¥113.31 million in 2020[23]. - Basic earnings per share for 2021 was ¥2.08, up 71.90% from ¥1.21 in 2020[25]. - The total assets of the company at the end of 2021 were approximately ¥2.11 billion, a 64.96% increase from ¥1.28 billion at the end of 2020[24]. - The company's total revenue for the year reached CNY 2,166,387,634.06, with a gross margin of 18.27%, an increase of 3.27 percentage points compared to the previous year[58]. - Operating costs increased to approximately ¥1.77 billion, a rise of 37.99% from ¥1.28 billion, primarily due to increased sales volume[54][55]. - The gross profit margin for the manufacturing sector was reported at 19.17%, an increase of 3.27 percentage points compared to the previous year[57]. Cash Flow and Assets - The cash flow from operating activities showed a net outflow of approximately ¥65.09 million, a decrease of 78.90% compared to a net inflow of ¥308.45 million in 2020[23]. - Cash and cash equivalents increased by 142.10% to ¥642,268,606.80, accounting for 30.40% of total assets, primarily due to the receipt of funds from the public offering[69]. - Accounts receivable rose by 52.36% to ¥26,446,129.50, representing 1.25% of total assets, attributed to increased sales volume[69]. - Inventory increased by 42.74% to ¥418,068,877.04, making up 19.79% of total assets, driven by rising material prices and increased production[69]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, advising investors to be cautious[9]. - The company faces risks from market competition, macroeconomic fluctuations, and potential changes in industry policies that could impact operational performance[81][82]. - Raw material costs, including cotton yarn, dyes, and chemical additives, significantly affect the company's main business costs, making it vulnerable to price volatility[82]. - Environmental protection regulations are becoming stricter, increasing the company's costs related to waste management and clean production technologies[82]. Corporate Governance - The company has established a transparent governance structure, holding 5 annual shareholder meetings and 8 board meetings during the reporting period[85][87]. - The company has implemented a fair and transparent performance evaluation and incentive mechanism for senior management[90]. - The company maintains independent operations from its controlling shareholder, ensuring no interference in decision-making processes[86]. - The company has committed to respecting the rights of all stakeholders, including shareholders, creditors, customers, suppliers, and employees[91]. - The company has established a clear governance structure with a remuneration and assessment committee overseeing compensation matters[102]. Environmental Responsibility - The company emphasizes environmental protection and resource conservation, establishing a dedicated environmental safety department and implementing advanced pollution control measures[44]. - The company has established a comprehensive environmental monitoring system, including real-time monitoring of wastewater and boiler emissions, ensuring compliance with environmental regulations[133]. - The company has implemented measures to reduce carbon emissions by recycling cooling and condensate water, significantly lowering water consumption and energy use below industry standards[137]. - The company has been recognized as an environmentally trustworthy enterprise by the Anhui Provincial Ecological Environment Department for the years 2016, 2017, and 2019[136]. Research and Development - Increased investment in technology research and development, focusing on new products and processes to enhance product value, particularly in the fields of colored woven fabrics, towels, and home textiles[35]. - The company holds 81 patents, including 29 invention patents, showcasing its strong focus on technological innovation[48]. - Research and development expenses rose to approximately ¥70 million, reflecting a 36.12% increase from ¥51 million, indicating a commitment to innovation[54][55]. Market Strategy - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[30]. - The company operates primarily under a warehousing production model, allowing for standardized and large-scale production, which reduces production costs and shortens delivery times[40]. - The company has developed the "Fuchun Standard Color Card," which includes over 600 colors, facilitating customer selection and ensuring stable product quality[42]. Shareholder Information - The top shareholder, He Peifu, holds 56.32 million shares, representing 45.13% of the total shares[184]. - The company has a total of 93.6 million restricted shares and 31.2 million unrestricted shares in circulation[178]. - The number of ordinary shareholders reached 12,277 by the end of the reporting period[181].

2021 年第三季度报告 证券代码：605189 证券简称：富春染织 芜湖富春染织股份有限公司 2021 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个别及连带责任。 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。 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 14 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 586,457,519.87 44.24% 1,511,041,024.07 51.49% 归属于上市公司 股东的净利润 59,775,445.35 97.74% 162,372,130.58 196.72% 归属于上市公司 股东的扣除非经 56,929,834.95 96.79% 157,293,372.26 204.31% 2021 年第三季度报告 | 常性损 ...

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 924,583,504.20, representing a 56.48% increase compared to RMB 590,867,451.79 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2021 was RMB 102,596,685.23, a significant increase of 318.87% from RMB 24,493,804.50 in the previous year[24]. - The basic earnings per share for the first half of 2021 was RMB 1.04, up 300% from RMB 0.26 in the same period last year[25]. - The total assets of the company as of June 30, 2021, were RMB 2,067,861,192.72, reflecting a 61.47% increase from RMB 1,280,616,286.00 at the end of the previous year[24]. - The company's net assets attributable to shareholders increased by 83.05% to RMB 1,429,653,501.94 from RMB 781,008,331.81 at the end of the previous year[24]. - The net cash flow from operating activities for the first half of 2021 was RMB 60,785,314.24, a decrease of 28.83% compared to RMB 85,410,708.21 in the same period last year[24]. - The weighted average return on equity for the first half of 2021 was 11.11%, an increase of 7.57 percentage points from 3.54% in the same period last year[25]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching RMB 100,363,537.31, up 340.96% from RMB 22,760,060.34 in the previous year[24]. Research and Development - Research and development expenses rose by 54.73% to ¥31,828,452.59, reflecting increased investment in R&D projects[41]. - The company focuses on R&D in dyeing technology and energy-saving processes, contributing to its low-carbon and environmentally friendly product offerings[35]. - The company is accelerating the construction of its R&D center to enhance technological capabilities and develop new products and processes[39]. Market Position and Strategy - The company has been recognized as a national high-tech enterprise and has received multiple awards for its technological achievements, including 17 high-tech products and 2 new products from Anhui Province[35]. - The company has established long-term partnerships with over 1,000 quality clients, enhancing its market presence and ability to respond to customer needs[36]. - The company has been listed among the top ten in the main business income of the Chinese color weaving industry for several consecutive years[31]. - The company emphasizes brand building, with its "Tianwai Tian" trademark recognized as a "China Famous Trademark"[31]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[124]. Environmental Responsibility - The company has implemented advanced environmental protection measures, achieving a comprehensive water usage below industry standards[34]. - The company has passed multiple quality and environmental management certifications, including ISO9001 and ISO14001[35]. - The company has implemented a solid waste management process that ensures the resourceful and harmless disposal of industrial solid waste[62]. - The company has established an emergency response plan for environmental incidents to minimize adverse impacts from pollution accidents[65]. - The company has been recognized as an environmentally friendly enterprise by the Anhui Provincial Ecological Environment Department for several years, highlighting its commitment to environmental responsibility[69]. Financial Management and Shareholder Information - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 62,400,000.00 based on the total share capital of 124,800,000 shares[6]. - The company reported a short-term loan of ¥20,018,333.33, compared to ¥6,994,602.65 in the previous period, reflecting a growth of about 187%[119]. - The company issued 31.2 million shares at a price of RMB 19.95 per share, raising a total of RMB 622.44 million, with a net amount of RMB 546.05 million after deducting issuance costs of RMB 76.39 million[93]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, is RMB 50 million, which accounts for 3.5% of the company's net assets[92]. - The company has a total of 56,320,000 restricted shares held by He Peifu, which will be tradable starting from May 28, 2024, after a six-month lock-up period[106]. Risks and Challenges - The company faces market competition risks due to a low industry concentration and the need for timely technological upgrades and innovation to maintain competitive advantages[51]. - The company is exposed to macroeconomic fluctuations that could impact the demand for textile products and, consequently, its dyeing services[51]. - Environmental protection regulations are becoming stricter, increasing the company's costs related to waste management and clean production technologies[53]. - The company is at risk from raw material price volatility, which significantly affects its cost structure and profit margins[53]. - The company has identified potential risks from natural disasters and major pandemics that could disrupt operations and consumer confidence[53]. Corporate Governance - The financial report was approved by the board of directors on August 4, 2021[154]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[67]. - The company has not reported any major contracts that have not been fulfilled during the reporting period[93]. - The company has not engaged in any significant contracts or leasing matters during the reporting period[91]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[110].