Financial Performance - The company's revenue for Q3 2021 was ¥361,395,595.28, representing a year-over-year increase of 1.64%[6] - The net profit attributable to shareholders for the same period was ¥20,099,015.49, showing a decrease of 1.95% compared to the previous year[6] - The basic earnings per share (EPS) was ¥0.05, down 16.67% year-over-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥1,089,381,874.75, an increase of 12.4% compared to ¥968,779,687.10 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥77,958,020.86, representing a 5.5% increase from ¥74,330,373.68 in the same period of 2020[21] - Basic earnings per share for the first three quarters of 2021 were ¥0.19, down from ¥0.21 in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,763,636,546.84, a decrease of 12.45% from the end of the previous year[7] - Total assets as of September 30, 2021, amounted to CNY 1,763,636,546.84, a decrease from CNY 2,014,392,796.55 at the end of 2020[16] - Current assets decreased to CNY 875,523,176.56 from CNY 1,126,508,979.47 year-over-year[17] - Total liabilities decreased to CNY 516,838,412.68 from CNY 722,127,952.53 year-over-year[18] - The company's cash and cash equivalents dropped to CNY 79,822,655.63 from CNY 425,997,544.59[16] - Accounts receivable increased to CNY 277,030,829.17 from CNY 264,909,897.48 year-over-year[16] - The total equity attributable to shareholders decreased to CNY 1,246,798,134.16 from CNY 1,292,264,844.02[18] - The company’s total liabilities and equity decreased from ¥2,014,392,796.55 in the previous year to ¥1,763,636,546.84 in 2021[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥92,232,630.25, indicating cash outflow[7] - The company reported a net cash flow from operating activities of -¥92,232,630.25 for the first three quarters of 2021, compared to -¥429,582.63 in the same period of 2020[24] - The company’s total cash inflow from operating activities was ¥1,155,972,626.21, compared to ¥1,117,260,022.12 in the previous year[24] - Cash outflow from operating activities totaled ¥1,248,205,256.46, an increase from ¥1,117,689,604.75 in the same period of 2020[24] - The net cash flow from financing activities was -216,104,129.52 RMB, a significant decrease compared to -7,642,480.38 RMB in the previous year[25] - The total cash and cash equivalents at the end of the period were 73,966,266.21 RMB, down from 81,821,218.26 RMB year-over-year[25] Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥996,358,752.40, up 15.2% from ¥864,966,921.78 in the previous year[20] - Research and development expenses for the first three quarters of 2021 amounted to ¥24,796,478.19, an increase from ¥21,424,645.09 in the previous year[20] Other Financial Metrics - The company reported a decrease in the weighted average return on equity to 1.63%, down 0.66 percentage points from the previous year[7] - Non-recurring gains and losses for the reporting period totaled ¥1,847,332.34, with a year-to-date total of ¥10,809,466.93[10] - The company experienced an increase in government subsidies recognized in the current period amounting to ¥2,527,595.97[9] - The company noted that the increase in cash outflow was primarily due to rising raw material prices and increased labor payments[11] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[25]

Financial Performance - Basic earnings per share for the first half of 2021 was CNY 0.14, a decrease of 6.67% compared to CNY 0.15 in the same period last year[19] - Diluted earnings per share for the first half of 2021 was also CNY 0.14, reflecting a 6.67% decline year-over-year[19] - The company reported a basic earnings per share, excluding non-recurring gains and losses, of CNY 0.12, down 20.00% from CNY 0.15 in the previous year[19] - Basic earnings per share, excluding non-recurring gains and losses, decreased by 20.00% year-on-year, primarily due to a net profit attributable to shareholders, excluding non-recurring gains and losses, which declined by 8.01% compared to the same period last year[20] - Operating revenue for the reporting period was RMB 727,986,279.47, an increase of 18.72% compared to RMB 613,201,118.35 in the same period last year[20] - Net profit attributable to shareholders was RMB 57,859,005.37, reflecting a year-on-year increase of 7.48%[20] - Operating costs rose to 519,883,477.78 CNY, reflecting a 22.28% increase year-over-year[39] - The company reported a significant increase in sales expenses, which rose by 45.24% to 61,844,510.85 CNY[39] - The company reported a total revenue of 1,348.85 million, a decrease of 90.54 million compared to the previous period[55] - The company achieved a revenue of 1,000.00 million from its export business, reflecting a strong performance despite market challenges[55] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 245.08% compared to the same period last year, primarily due to rising raw material prices and increased cash payments for goods and services[19] - Net cash flow from operating activities was negative RMB 94,685,709.94, a decrease of 245.08% compared to RMB 65,263,195.04 in the same period last year[20] - The cash and cash equivalents decreased by 62.17% to 161,134,897.60 CNY due to dividend payments and increased liabilities[43] - The company reported a net cash flow from operating activities of -161,897,946.76 RMB, compared to -53,917,563.20 RMB in the same period last year, indicating a decline in operational performance[142] - The ending balance of cash and cash equivalents was 118,040,128.92 RMB, compared to 59,681,529.41 RMB at the end of the same period last year[142] Assets and Liabilities - Total assets decreased by 10.56% from RMB 2,014,392,796.55 at the end of the previous year to RMB 1,801,724,964.58 at the end of the reporting period[20] - The company's current assets totaled ¥906,387,192.08, down from ¥1,126,508,979.47 at the end of 2020, indicating a decline of approximately 19.5%[122] - Total liabilities decreased to ¥575,025,845.91 from ¥722,127,952.53, reflecting a decline of approximately 20.4%[123] - The total liabilities of the company decreased to ¥468,906,539.11 from ¥639,203,685.07, a decline of 26.6%[128] Research and Development - The company has established a research and development team of over 160 people, with 2 invention patents and 230 utility and design patents as of June 30, 2021[33] - Research and development expenses increased by 13.95%, totaling 15,858,913.89 CNY, indicating a commitment to innovation[39] - Research and development expenses for the first half of 2021 were ¥15,858,913.89, compared to ¥13,916,960.39 in the same period of 2020, indicating an increase of 13.9%[130] Market Position and Strategy - The company has developed over 230 distributors nationwide for fitness equipment sales, ensuring a stable distribution network[25] - The company is the official fitness equipment supplier for the Beijing 2022 Winter Olympics and has provided various professional training equipment for the Chinese sports delegation at the Tokyo Olympics[25] - The company aims to increase the proportion of people regularly participating in sports activities to 38.5% by 2025, as outlined in the national fitness plan[30] - The company plans to focus on six fitness solutions, including family fitness and commercial fitness, to enhance user experience[37] - The company is exploring potential acquisitions to bolster its product offerings and market reach[54] Shareholder and Governance - The company reported related party transactions totaling RMB 67.45 million, which did not exceed the expected total amount for the year[98] - The controlling shareholder, Shuhua Investment, has pledged to avoid any improper benefits from related transactions with Shuhua Sports[78] - The company will adhere to fair and transparent pricing policies in any unavoidable related transactions with Shuhua Sports[79] - The company reported no profit distribution or capital reserve transfer plan for the first half of 2021, with no dividends or bonus shares proposed[67] Environmental and Social Responsibility - The company has maintained a strong focus on environmental protection, complying with relevant laws and regulations, and has passed the ISO 14001:2015 environmental management system certification[70] - The company donated 1 million yuan to support impoverished students through the Jinjiang Charity Association during the reporting period[71] Financial Reporting and Compliance - The report has not been audited, but the management has confirmed the accuracy and completeness of the financial report[7] - The company’s accounting policies comply with the enterprise accounting standards, ensuring accurate financial reporting[162] - The company’s financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue operations[161]

证券代码：605299 证券简称：舒华体育 公告编号：2021-029 舒华体育股份有限公司 关于参加 2021 年度福建上市公司投资者 网上集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强舒华体育股份有限公司（以下简称"公司"）与投资者的互动 交流，使广大投资者能更深入全面地了解公司情况，公司将参加由中国证券监督 管理委员会福建监管局与福建省上市公司协会、深圳市全景网络有限公司举办的 "2021 年度福建上市公司投资者网上集体接待日活动"。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式进行，投资者可以登陆"全景网投资者关系互动平台" （http：//ir.p5w.net）参与本次投资网上集体接待日活动，网上互动交流时间为 2021 年 5 月 14 日（星期五）15:30-17:00。 欢迎广大投资者积极参与。 特此公告。 舒华体育股份有限公司董事会 2021 年 5 月 11 日 ...

Financial Performance - Operating revenue increased by 48.20% to CNY 321,806,481.24 year-on-year[6] - Net profit attributable to shareholders rose by 23.62% to CNY 12,735,337.02 compared to the same period last year[6] - Revenue for Q1 2021 reached ¥321.81 million, a 48.20% increase compared to ¥217.14 million in the same period last year, driven by growth in e-commerce and export sales[12] - The company's operating revenue for Q1 2021 was CNY 291,579,405.99, representing an increase of 45% compared to CNY 201,088,438.94 in Q1 2020[26] - The net profit for Q1 2021 was CNY 12,735,337.02, up from CNY 10,301,984.81 in Q1 2020, reflecting a growth of approximately 23.6%[24] - The total profit for Q1 2021 was CNY 17,484,207.38, an increase from CNY 12,840,441.19 in Q1 2020, indicating a growth of approximately 36.3%[22] - Gross profit for Q1 2021 was ¥20,476,358.08, compared to ¥11,812,014.93 in Q1 2020, indicating a growth of 73.4%[22] - The company's operating profit for Q1 2021 was CNY 17,958,499.49, compared to CNY 13,572,457.09 in Q1 2020, reflecting an increase of about 32.5%[22] - The total comprehensive income for Q1 2021 was CNY 12,735,337.02, compared to CNY 10,531,869.28 in Q1 2020, showing an increase of approximately 20.9%[24] Asset and Liability Changes - Total assets decreased by 8.58% to CNY 1,841,572,140.26 compared to the end of the previous year[6] - Total assets decreased to ¥1.84 billion from ¥2.01 billion, with current assets at ¥950.08 million[16] - The company's total assets as of March 31, 2021, amounted to ¥1,594,707,650.76, down from ¥1,758,794,851.64 at the end of 2020[21] - Total liabilities decreased to ¥536.57 million from ¥722.13 million, with current liabilities at ¥464.48 million[17] - The company's total liabilities decreased to ¥472,258,680.67 from ¥639,203,685.07 at the end of 2020, representing a reduction of 26.1%[21] - Cash and cash equivalents decreased by 63.87% to CNY 153,919,595.72 due to repayment of bank loans and purchase of financial products[11] - Cash and cash equivalents were reported at ¥108,969,067.83, down from ¥369,904,730.01 at the end of 2020[19] Cash Flow and Investment Activities - Cash flow from operating activities showed a net outflow of CNY 46,392,281.35, compared to a net outflow of CNY 14,759,596.97 in the previous year[6] - Cash flow from operating activities showed a significant increase of 164.78% to ¥2.63 million, indicating improved cash inflow from government subsidies and guarantees[12] - The net cash flow from operating activities was CNY -46.39 million in Q1 2021, compared to CNY -14.76 million in Q1 2020, indicating a decline in cash flow performance[31] - Total cash outflow from investing activities in Q1 2021 was CNY 114.70 million, significantly higher than CNY 16.78 million in Q1 2020, reflecting increased investment activity[31] - The company plans to invest ¥90 million in financial products during the period, indicating a strategy for capital allocation[12] - The company invested CNY 90 million in Q1 2021, with no comparable investment in Q1 2020, indicating a strategic shift towards expansion[31] Shareholder and Equity Information - The number of shareholders reached 16,537 at the end of the reporting period[9] - The equity attributable to shareholders increased to ¥1,122,448,970.09 from ¥1,119,591,166.57 at the end of 2020[21] - The company reported an increase in undistributed profits to ¥284,015,813.52 from ¥281,158,010.00 at the end of 2020[21] Operational Costs and Expenses - Operating costs increased by 54.79% to ¥238.00 million from ¥153.76 million, reflecting the rise in revenue and associated costs[12] - Tax and additional charges rose by 44.38% to ¥4.88 million, correlating with the increase in revenue[12] - Research and development expenses increased to CNY 7,442,247.58 in Q1 2021, compared to CNY 6,100,426.37 in Q1 2020, marking a rise of about 22%[23] - The company's sales expenses for Q1 2021 were CNY 26,553,510.83, up from CNY 18,655,871.10 in Q1 2020, representing an increase of approximately 42.5%[22] Financial Expenses and Income - Financial expenses decreased significantly by 103.95% to -¥111.16 thousand, due to the repayment of part of the loans and reduced interest expenses[12] - Other income increased by 44.65% to ¥1.36 million, attributed to higher government subsidies received[12] - Investment income of ¥955.46 thousand was recorded, reflecting the collection of funds occupied fees[12] - The company's financial expenses improved significantly, showing a net income of CNY -111,155.59 in Q1 2021, compared to CNY 2,815,229.43 in Q1 2020[22] - The company reported a decrease in credit impairment losses to CNY -1,515,273.05 in Q1 2021 from CNY 3,394,666.49 in Q1 2020, indicating improved asset quality[22]

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares to all shareholders, based on the total share capital on the dividend record date [5]. - The company has not adjusted its cash dividend policy during the reporting period, maintaining a consistent approach to shareholder returns [114]. - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares, totaling CNY 123.45 million, which represents 90.14% of the net profit attributable to ordinary shareholders for 2020 [114]. Financial Performance - Operating revenue for 2020 was approximately ¥1.48 billion, an increase of 11.27% compared to ¥1.33 billion in 2019 [23]. - Net profit attributable to shareholders decreased by 6.81% to approximately ¥137 million from ¥147 million in 2019 [23]. - Basic earnings per share for 2020 was ¥0.38, down 7.32% from ¥0.41 in 2019 [24]. - Total assets increased by 26.27% to approximately ¥2.01 billion from ¥1.60 billion in 2019 [23]. - The company's net cash flow from operating activities decreased by 18.81% to approximately ¥148 million from ¥183 million in 2019 [25]. - The current ratio improved to 1.73 in 2020, up 44.17% from 1.20 in 2019 [24]. - The company's net assets attributable to shareholders increased by 47.34% to approximately ¥1.29 billion from ¥877 million in 2019, primarily due to the successful IPO [26]. - Cash and cash equivalents increased by approximately ¥275 million, contributing to the rise in current assets by 51.70% [26]. - The interest coverage ratio improved to 15.41 in 2020, compared to 14.22 in 2019 [25]. - The company's operating costs increased by 31.23% to CNY 1,032,974,150.82, primarily due to a rise in export volume and associated costs from e-commerce operations [56]. - The net profit attributable to shareholders decreased by 6.81% to CNY 136,950,065.89, while the net profit after deducting non-recurring gains and losses increased by 0.33% to CNY 130,567,004.03 [53]. Risk Management - The company has described potential risks in its report, urging investors to pay attention to these risks [7]. - The company emphasizes that forward-looking statements do not constitute substantial commitments to investors, highlighting investment risks [6]. - The company faces risks from fluctuations in raw material prices, particularly steel, which could impact gross margins and overall operating performance [109]. - Labor costs are rising due to increasing domestic prices and policies aimed at raising disposable income, which may affect the company's operating costs [110]. - The company is exposed to risks related to macroeconomic changes that could lead to decreased consumer spending on fitness equipment [106]. - The company has a concentrated customer base for its display rack products, primarily serving major brands like Anta and Xtep, which poses a risk if economic conditions worsen [107]. - The company’s financial performance may be adversely affected if economic downturns lead to reduced demand for fitness equipment [106]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm [4]. - There are no non-operating fund occupations by controlling shareholders or related parties [7]. - The company has not violated decision-making procedures for external guarantees [7]. - The company has confirmed that all board members attended the board meeting, ensuring the accuracy and completeness of the annual report [8]. - The company has maintained a commitment to transparency and accuracy in its financial reporting, as stated by its management [8]. - The company has reported a commitment to avoid any direct or indirect competition with its own business, ensuring no similar or competitive activities will be undertaken domestically or internationally [117]. - The company emphasizes that it will not engage in any business activities that could compete with its operations, ensuring compliance with relevant laws and regulations [119]. - The controlling shareholder, Shuhua Investment, and actual controllers have committed to reducing and avoiding related party transactions to protect the interests of all shareholders [120]. Market and Industry Trends - The fitness equipment industry is expected to grow due to increased consumer health awareness and supportive government policies [41]. - The COVID-19 pandemic has accelerated consumer awareness of health, leading to a rise in outdoor and home fitness trends [43]. - The overall sports industry has reached a market size of over one trillion, indicating robust growth potential [90]. - The fitness equipment market is recognized as a sunrise industry with a promising future, driven by increasing consumer health awareness [90]. - The demand for fitness equipment is shifting towards more professional, intelligent, and personalized products, creating new growth opportunities [93]. - The domestic fitness market is becoming increasingly diversified, with a focus on optimizing business models and enhancing value-added services [94]. Research and Development - The company has established a research and development team of over 150 personnel, with some having over ten years of experience in the fitness equipment sector [47]. - Research and development expenses rose by 14.59% to RMB 32,902,050.75, indicating a focus on innovation [59]. - The company aims to enhance its R&D capabilities and establish a technology innovation system by collaborating with research institutions and technology companies [101]. - The production model will shift towards automation and customization to meet diverse consumer needs while improving operational efficiency [103]. Social Responsibility and Sustainability - The company has absorbed 51 impoverished workers into employment, providing labor contracts and social insurance [154]. - A donation of 2.25 million was made to the Jinjiang and Taiwan Business Charity Foundation for assisting needy households [154]. - The company has committed 2.62 million to social poverty alleviation initiatives [156]. - The company actively participated in social responsibility initiatives, including a donation of 1 million to support COVID-19 prevention efforts in Wuhan [159]. - The company emphasizes a sustainable development approach and plans to continue its "precision poverty alleviation" efforts as a long-term initiative [158]. - The company has implemented effective measures to manage waste and emissions during its production processes, ensuring compliance with environmental standards [162]. Employee and Management Structure - The total number of employees in the parent company is 1,044, while the total number of employees in major subsidiaries is 1,533, resulting in a combined total of 2,577 employees [197]. - The company has a total of 1,819 production personnel, 306 sales personnel, 153 technical personnel, 39 financial personnel, and 260 administrative personnel [197]. - The company has established a compensation system based on performance, with independent directors receiving an annual allowance of RMB 78,000, paid monthly [195]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 6,302,900 [195]. - The management team has extensive experience in various sectors, contributing to the company's strategic direction [190].