公司代码：605318 公司简称：法狮龙 法狮龙家居建材股份有限公司 2021 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,088,003,020.68 | 1,120,948,095.20 | | -2.94 | | 归属于上市公司 | 860,466,573.34 | 850,319,447.81 | | 1.19 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -103,191,643.72 | -39,986,572.07 | | 158.07 | | 现金流量净额 | | | | | | | ...

Financial Performance - The company's operating revenue for 2020 was CNY 448,148,002.13, a decrease of 6.64% compared to CNY 480,008,871.27 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 64,193,711.08, down 24.19% from CNY 84,671,524.86 in 2019[23]. - The basic earnings per share for 2020 was CNY 0.60, a decrease of 31.03% from CNY 0.87 in 2019[25]. - The weighted average return on equity decreased to 11.14% in 2020, down 11.12 percentage points from 22.26% in 2019[25]. - The company reported a net asset attributable to shareholders of CNY 850,319,447.81 at the end of 2020, which is a 101.13% increase from CNY 422,779,221.48 at the end of 2019[24]. - The company experienced a net loss of CNY 1,527,004.18 from non-recurring gains and losses in 2020[27]. - The total non-recurring gains and losses amounted to CNY 6,568,985.01 in 2020, compared to CNY 11,113,662.85 in 2019[29]. - The company's total operating costs for 2020 were CNY 379,296,071.40, down from CNY 390,834,022.87 in 2019, indicating a reduction of about 2.4%[188]. - The total comprehensive income for 2020 was CNY 57,960,185.86, down from CNY 80,865,464.55 in 2019[192]. Cash Flow and Investments - The cash flow from operating activities increased by 19.72% to CNY 123,920,360.48 in 2020, compared to CNY 103,509,695.10 in 2019[23]. - The company reported a significant decrease in investment cash flow, down 1,123.32% to CNY -444,341,239.33, due to increased purchases of principal-protected financial products[48]. - Total cash inflow from operating activities was CNY 532,966,528.53, a decrease of 2.5% compared to CNY 544,398,277.99 in the previous year[194]. - Cash inflow from investment activities was CNY 85,157,671.95, significantly lower than CNY 433,372,769.03 in the previous year, leading to a net cash outflow of CNY 444,341,239.33[195]. - The parent company reported a net cash outflow from investment activities of CNY 428,505,978.32, a significant decrease from CNY 38,764,578.89 in the previous year[198]. Dividend Policy - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling 38,751,345.6 RMB, which accounts for 60.37% of the net profit attributable to shareholders for 2020[5]. - The dividend distribution proposal for 2020 has been approved by the company's board and is pending approval from the annual shareholders' meeting[90]. - The company aims to maintain a consistent cash dividend policy, distributing at least 30% of the average distributable profit over the last three years[85]. - The company plans to strengthen product competitiveness by improving quality, functionality, and pricing to meet customer demands[76]. Market Presence and Business Strategy - The company primarily engages in the research, production, and sales of integrated ceilings and walls, with no significant changes in its main business since establishment[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. - As of December 31, 2020, the company had 1,401 dealers nationwide, covering major cities and some third and fourth-tier cities[39]. - The company has established a dealer network with 1,153 dealers in third and fourth-tier cities, enhancing its market presence and resilience against real estate regulation risks[41]. - The integrated ceiling industry is expanding into public decoration markets, including hotels, office buildings, hospitals, and shopping malls, increasing market size[37]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - 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 established internal control systems in compliance with relevant laws and regulations to enhance governance and operational standards[161]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[171]. - There were no significant lawsuits or arbitration matters during the reporting period[111]. Shareholder Information and Stock Performance - The total number of ordinary shares increased from 96,878,364 to 129,171,152 shares after the IPO on August 3, 2020, with 32,292,788 shares issued, representing 25% of the total share capital[127]. - The largest shareholder, Lawson Dragon Investment Holdings Co., Ltd., held 72,000,000 shares, accounting for 55.74% of the total shares[134]. - The company has a total of 72,000,000 shares held by Fashilong Investment Holdings Co., Ltd., which will be available for trading after August 3, 2023[137]. - The company has committed to publicly disclose reasons for any failure to fulfill commitments made in the prospectus and will compensate investors for losses incurred due to such failures[107]. Employee and Management Information - The total number of employees in the parent company is 524, with a total of 620 employees across the parent company and major subsidiaries[154]. - The company has established a training plan to improve employee skills and align with overall business development needs[156]. - The total pre-tax remuneration for the directors and senior management during the reporting period amounted to 2.61 million yuan[147]. - The management team has extensive experience in the industry, with key members having served in various capacities since 1995[148][149].

Financial Performance - Revenue for the first nine months decreased by 9.41% year-on-year, amounting to CNY 270,645,182.15[7] - Net profit attributable to shareholders decreased by 13.31% year-on-year, totaling CNY 29,690,647.62[7] - Net profit excluding non-recurring gains and losses decreased by 20.55% year-on-year, amounting to CNY 24,822,282.01[8] - Basic and diluted earnings per share decreased by 17.14% year-on-year, standing at CNY 0.29 per share[8] - The weighted average return on equity decreased by 2.75 percentage points to 5.73%[8] - Net profit for the first three quarters of 2020 was CNY 270,645,182.15, down from CNY 298,742,075.24 in the same period of 2019, indicating a decrease of approximately 9.4%[27] - The net profit for Q3 2020 was CNY 7,029,017.17, a decrease of 48.7% from CNY 13,716,433.12 in Q3 2019[30] - The total comprehensive income for Q3 2020 was CNY 7,029,017.17, consistent with the net profit, indicating no significant other comprehensive income items[30] Assets and Liabilities - Total assets increased by 66.50% year-on-year, reaching CNY 1,010,691,492.67[7] - Total assets increased to RMB 1.01 billion from RMB 607.01 million, reflecting growth in both current and non-current assets[20] - Total liabilities increased, with accounts payable rising by 146.71% to RMB 58.03 million from RMB 23.52 million due to increased use of bill settlement[16] - Total liabilities as of September 30, 2020, were CNY 179,885,193.45, up from CNY 165,831,204.64 at the end of 2019, indicating an increase of approximately 8.3%[25] - Total current assets amounted to CNY 389,916,378.49 as of Q3 2020, reflecting a significant liquidity position[44] - Total liabilities reached CNY 184,231,004.32, with current liabilities accounting for CNY 182,910,571.04, highlighting the company's short-term financial obligations[45] Shareholder Information - Net assets attributable to shareholders increased by 92.75% year-on-year, totaling CNY 814,902,414.53[7] - The total number of shareholders reached 16,904 by the end of the reporting period[12] - The largest shareholder, 法狮龙投资控股有限公司, holds 55.74% of the shares, totaling 72,000,000 shares[12] - The total equity attributable to shareholders increased to CNY 806,650,729.65 from CNY 416,982,413.74 at the end of 2019, marking an increase of approximately 93.1%[25] - The total equity attributable to shareholders was CNY 422,779,221.48, demonstrating a solid equity base for future growth[46] Cash Flow - Operating cash flow for the first nine months was CNY 32,905,900.84, a significant increase of 1,365.36% compared to the same period last year[7] - The company reported a net cash inflow from operating activities of RMB 32.91 million, a significant improvement from a net outflow of RMB 2.60 million in the previous year[16] - Cash inflow from operating activities totaled CNY 233,918,024.57 in the first three quarters of 2020, down 24.7% from CNY 310,702,783.50 in 2019[38] - Cash outflow from operating activities decreased to CNY 201,012,123.73 in 2020 from CNY 313,303,295.21 in 2019, indicating a reduction of approximately 35.8%[38] - The company raised CNY 362.53 million through its initial public offering, contributing to a 199.94% increase in cash and cash equivalents[16] - Cash and cash equivalents decreased by 42.64% to RMB 152.68 million from RMB 266.15 million due to increased investment in financial products[15] Inventory and Receivables - Accounts receivable increased by 117.01% to RMB 41.76 million from RMB 19.24 million, driven by increased sales through engineering channels[15] - Inventory rose by 32.06% to RMB 81.69 million from RMB 61.86 million, attributed to orders not yet delivered[15] - Inventory levels stood at CNY 61,855,989.78, which is crucial for assessing operational efficiency and supply chain management[44] Expenses and Costs - The company experienced a 34.14% reduction in selling expenses to RMB 20.67 million due to decreased marketing investments during the pandemic[16] - Total operating costs for Q3 2020 were CNY 103,985,565.28, up from CNY 86,912,907.62 in Q3 2019, reflecting an increase of about 19.6%[27] - The company incurred a financial expense of CNY 792,759.19 in Q3 2020, compared to a financial income of CNY 628,529.20 in Q3 2019, indicating a shift in financial performance[33] Research and Development - The company reported a research and development expense of CNY 4,752,568.40 for Q3 2020, compared to CNY 4,340,783.93 in Q3 2019, reflecting an increase of about 9.5%[27] - Research and development expenses for Q3 2020 were CNY 4,183,163.26, up 24.3% from CNY 3,364,396.28 in Q3 2019, reflecting increased investment in innovation[33] Future Outlook - The company expects to continue focusing on market expansion and new product development in the upcoming quarters[30]