安徽华茂纺织股份有限公司投资者关系活动记录表 编号：2022-004 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人员姓名 申万宏源：王立平、求佳峰；摩根士丹利华鑫基金：隋思誉；北京塔 | --- | --- | |----------------------|--------------------------------------------------------------------------------------------------------------------------------| | | 基资产：魏燕华 | | 时间 | 2 月 24 日 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 董事总经理：左志鹏；董事会秘书：罗朝晖；证券事务代表：高柱生 | | | 、公司当前的产能情况？ | | | （1）坯纱：总共 85 万锭产能，其中 40 万锭智能化纺纱产能，正 万锭，预计 2022 下半年投产，至年底届时总产能可达 100 | | | （ ...

安徽华茂纺织股份有限公司投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |------------------------|------------------------------------|--------------------------------------------------------------| | | | | | | ■特定对象调研 | □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称及人员姓名 | | 浙商证券：林骥川、詹陆雨；南方基金：吕思奇 | | 时间 | 2022 年 2 月 23 日 | | | 地点 | 公司会议室 | | | 上市公司接待人员姓名 | | 董事总经理：左志鹏；董事会秘书：罗朝晖；证券事务代表：高柱生 | | | 1 、当前纱线产品结构如何？ | | | | | 纱线产品公司高中低支都有，现以纯棉为主，部分为差异化产品。 | | | | | | ...

Group 1: Company Overview and Production Capacity - Anhui Huamao Textile Co., Ltd. was established in 1998, originating from the Anhui Anqing Textile Factory, and has undergone restructuring to form the current company [1] - The company has a total production capacity of 850,000 spindles, with 400,000 spindles being intelligent production capacity, and an additional 160,000 spindles planned for new intelligent capacity [1] - The production is mainly distributed across three industrial parks, with the first park focusing on spinning and differentiated products, and the second park being an intelligent factory park [1] Group 2: Strategic Partnerships and Market Opportunities - The collaboration with Shenzhou International aims to leverage both companies' strengths to enhance supply chain synergy and improve operational governance [1] - The pandemic has created opportunities for the Chinese textile industry, with the company increasing its market share in Europe since entering in September 2007 [1] - The company is focusing on customer segmentation and maintaining relationships with core customers through market, quality, brand, and service management [1] Group 3: Technological Advancements and Efficiency - The company has implemented a long-term information management system, integrating MES, OA, and SAP systems to eliminate information silos and enhance operational efficiency [2][3] - The intelligent factory's automation has led to a reduction in defective products by over 90% and a decrease in labor costs by 30-40%, with labor requirements dropping from 40-50 people per 10,000 spindles to 12-15 people [3] - The company is adjusting its product structure to focus on differentiated fiber products while gradually phasing out non-core assets that are not suitable for intelligent transformation [3] Group 4: Product Distribution and Specialization - The company has advantages in high-count long-staple cotton and high-count modal products, with a focus on varieties ranging from 50 to 140 counts [2] - The first factory is designed for 32 counts, while previously, all cotton products were above 50 counts [2] Group 5: Employee Incentives - Currently, the company does not have an employee incentive plan in place [3]

Revenue and Profitability - Revenue for Q3 2022 was CNY 894,216,092.84, a decrease of 3.34% compared to the same period last year[4]. - Net profit attributable to shareholders was a loss of CNY 100,230,968.09, down 150.65% year-on-year[4]. - Net profit excluding non-recurring items was CNY 14,922,061.21, a decrease of 69.70% compared to the previous year[4]. - The net profit for the period was a loss of CNY 179,151,876.42, compared to a profit of CNY 339,826,664.80 in the same period last year, marking a significant decline[18]. - The total comprehensive income for the period was a loss of CNY 175,001,847.67, compared to a gain of CNY 333,270,734.17 in the same period last year[18]. - The company's earnings per share (EPS) for the period was -0.188, down from 0.364 in the previous year[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,112,017,333.92, down 7.24% from the end of the previous year[4]. - The company's total assets decreased to CNY 7,112,017,333.92 from CNY 7,667,190,941.01, reflecting a reduction of 7.23%[18]. - The company's total current assets decreased from 3,803,396,125.61 yuan at the beginning of the year to 3,026,248,752.47 yuan by September 30, 2022, a decline of approximately 20.3%[14]. - The total liabilities decreased from 2,892,707,709.88 yuan to 2,567,867,438.07 yuan, a reduction of about 11.2%[15]. - The company's long-term borrowings decreased from 818,230,000.00 yuan to 649,845,000.00 yuan, a decrease of approximately 20.6%[15]. - The company's total equity attributable to shareholders decreased to CNY 4,479,758,079.59 from CNY 4,713,657,647.96, a decline of 4.95%[18]. Cash Flow - Cash flow from operating activities was CNY 156,623,355.82, a decline of 43.54% year-on-year[10]. - The cash flow from operating activities was CNY 3,081,473,503.95, an increase from CNY 3,044,744,451.39 in the previous period, showing a growth of 1.20%[19]. - Operating cash inflow totaled CNY 3,199,508,520.40, compared to CNY 3,137,291,646.76 in the previous year, reflecting an increase[20]. - Net cash flow from operating activities was CNY 156,623,355.82, down from CNY 277,381,421.55 year-over-year[20]. - Cash inflow from financing activities reached CNY 867,821,476.77, up from CNY 557,227,899.93 year-over-year[20]. - Net cash flow from financing activities was negative CNY 157,782,961.05, an improvement from negative CNY 228,608,419.42 in the previous year[20]. Accounts Receivable and Inventory - Accounts receivable increased by 55.29% to CNY 390,864,727.60, attributed to slower cash collection from sales[9]. - The company's accounts receivable increased from 251,696,897.12 yuan to 390,864,727.60 yuan, an increase of approximately 55.2%[14]. - The inventory level remained relatively stable, with a slight increase from 740,733,868.27 yuan to 748,538,557.67 yuan[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,628[12]. - Anhui Huamao Group Co., Ltd. holds 46.40% of shares, totaling 437,860,568 shares[12]. Other Financial Metrics - The weighted average return on equity was -2.17%, a decrease of 6.61% year-on-year[4]. - The company reported a significant reduction in employee compensation payable from 29,835,306.47 yuan to 6,585,652.77 yuan, a decrease of about 77.9%[15]. - Research and development expenses increased to CNY 94,638,780.42 from CNY 88,127,172.22, reflecting a growth of 7.00%[17]. - Total operating revenue for the period reached CNY 2,589,736,161.01, slightly up from CNY 2,588,753,906.30 in the previous period, indicating a growth of 0.04%[17]. - Total operating costs increased to CNY 2,497,130,926.72 from CNY 2,377,247,118.11, representing a rise of 5.06%[17]. - Other comprehensive income after tax was CNY 4,150,028.75, compared to a loss of CNY 6,555,930.63 in the previous period[18]. Audit Status - The report for the third quarter was not audited[21].

安徽华茂纺织股份有限公司 关于参加 2022 年投资者集体接待日的公告 证券代码：000850 证券简称：华茂股份 公告编号：2022-033 安徽华茂纺织股份有限公司 关于参加安徽辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，安徽华茂纺织股份有限公司（以下简 称"公司"）将参加由安徽证监局指导、安徽上市公司协会与深圳市全景网络 有限公司联合举办的"2022 年安徽辖区上市公司投资者集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2022 年 9 月 7 日（周三） 16：00-17：30。届 时公司高管将在线就公司 2022 半年度报告中的公司业绩、公司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者 进行沟通与交流，欢迎广大投资者踊跃参与！ 特 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,695,520,068.17, representing a 1.92% increase compared to ¥1,663,615,764.11 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥76,721,962.05, a decrease of 152.53% from a profit of ¥146,059,897.85 in the previous year[20]. - The net cash flow from operating activities decreased by 70.00%, amounting to ¥36,380,624.35 compared to ¥121,277,470.37 in the same period last year[20]. - The basic earnings per share were -¥0.081, down 152.26% from ¥0.155 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥68,305,206.61, down 40.16% from ¥114,146,289.32 in the same period last year[20]. - The company's revenue for the first half of 2022 was approximately ¥1.70 billion, representing a year-on-year increase of 1.92% compared to ¥1.66 billion in the same period last year[43]. - The company reported a loss of CNY 1,391.82 million in Anhui Huamao Industrial Investment Co., Ltd. due to historical issues and market demand challenges[76]. - The net profit for the first half of 2022 was a loss of CNY 77,395,931.45, compared to a profit of CNY 144,301,160.52 in the first half of 2021, representing a significant decline[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,410,339,323.73, a decrease of 3.35% from ¥7,667,190,941.01 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 2.63%, totaling ¥4,589,563,415.81 compared to ¥4,713,657,647.96 at the end of the previous year[20]. - The company's total assets as of June 30, 2022, were CNY 7,624,577,736.51, down from CNY 7,988,835,161.55 at the beginning of the year, a decline of about 4.6%[160]. - Total liabilities decreased to CNY 2,482,779,515.49 as of June 30, 2022, from CNY 2,738,804,259.73 at the beginning of the year, representing a reduction of approximately 9.3%[159]. - Short-term borrowings rose to CNY 956.04 million, accounting for 12.90% of total assets, an increase of 2.97%[59]. - The total liabilities decreased from 2,892.71 million to 2,760.99 million, showing a reduction in overall debt[156]. Cash Flow - The company's cash and cash equivalents increased by 30.46% to approximately ¥604.08 million, primarily due to the redemption of financial products[43]. - The company reported a significant increase in cash flow from investment activities, with a net cash inflow of approximately ¥158.13 million, a 225.50% increase compared to a net outflow of ¥125.99 million in the previous period[43]. - The net cash flow from investment activities was CNY 158,129,538.01, a significant improvement from a negative cash flow of CNY -125,998,835.14 in the previous year[169]. - The total cash and cash equivalents at the end of the period were CNY 604,081,804.57, an increase from CNY 479,129,557.59 at the end of the previous year[169]. Research and Development - The company developed 330 new product varieties in the first half of 2022, significantly enhancing brand competitiveness[34]. - The company’s investment in research and development increased by 5.94% to approximately ¥62.19 million, highlighting its focus on innovation[43]. - The company has a total of 409 authorized patents, including 79 invention patents, demonstrating its commitment to innovation and technology development[40]. - Research and development expenses for the first half of 2022 were CNY 62,192,147.39, up from CNY 58,707,096.10 in the same period of 2021, reflecting an increase of about 8.5%[161]. Market and Industry Context - The textile and apparel exports in China reached 156.49 billion USD in the first half of 2022, growing by 11.7% year-on-year, with textile exports at 76.32 billion USD (11.3% growth) and apparel exports at 80.17 billion USD (12% growth)[33]. - The company faced challenges including declining demand for cotton non-woven fabrics and increased raw material costs, leading to significant losses in several subsidiaries[77]. - The textile manufacturing sector is under pressure from rising production costs and inflation, impacting overall industry stability[79]. - The implementation of the Regional Comprehensive Economic Partnership (RCEP) is expected to create new opportunities for the textile industry[79]. Environmental Responsibility - Anhui Huamao Textile Co., Ltd. reported a total COD discharge of 8.66 tons per year, with a compliance rate according to the standards[87]. - The company achieved a total wastewater discharge of 44.8048 tons per year, meeting the environmental discharge standards[87]. - The company has implemented a zero discharge policy for tailings slurry, ensuring all wastewater is recycled[87]. - The company is committed to continuous improvement in its environmental performance and compliance with pollution discharge standards[87]. - The company has established a comprehensive wastewater treatment system that includes pre-treatment facilities to meet municipal discharge standards[89]. Corporate Governance and Shareholder Relations - The company has a well-structured corporate governance system, ensuring the protection of shareholder rights and interests[102]. - The company has maintained a commitment to improving the quality of information disclosure, ensuring accuracy and completeness in communications with investors[103]. - There were no overdue commitments or non-operating fund occupations by controlling shareholders or related parties during the reporting period[105][106]. - The company has actively supported investor relations management and legal education initiatives throughout the year[103]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company plans to focus on innovation and optimize its industrial structure to enhance competitiveness and achieve sustainable growth[79]. - The company has implemented a strategic cooperation model with customers and suppliers to stabilize production and operations amid market challenges[34]. - The company aims to strengthen its yarn segment and improve its fabric and non-woven fabric divisions to enhance profitability[79].

Financial Performance - The company's operating revenue for 2021 was CNY 3,498,447,705.89, representing a 3.14% increase compared to CNY 3,392,051,181.05 in 2020[20] - The net profit attributable to shareholders in 2021 was CNY 480,708,948.03, a significant increase of 116.32% from CNY 222,216,516.73 in 2020[20] - The net profit after deducting non-recurring gains and losses was CNY 151,942,596.98, up 69.46% from CNY 89,664,499.48 in 2020[20] - The basic earnings per share for 2021 was CNY 0.510, an increase of 112.50% compared to CNY 0.24 in 2020[20] - The total assets at the end of 2021 were CNY 7,667,190,941.01, reflecting a 7.28% increase from CNY 7,147,216,896.78 at the end of 2020[20] - The net assets attributable to shareholders increased by 9.53% to CNY 4,713,657,647.96 at the end of 2021, compared to CNY 4,303,617,709.08 at the end of 2020[20] - The net cash flow from operating activities decreased by 43.65% to CNY 225,552,651.39 in 2021 from CNY 400,288,139.63 in 2020[20] - The weighted average return on equity for 2021 was 10.61%, an increase of 5.33% from 5.28% in 2020[20] Revenue Breakdown - Revenue from the textile segment was ¥3,275,427,731.23, accounting for 93.63% of total revenue, with a year-on-year growth of 2.00%[50] - Yarn sales generated ¥2,088,480,643.40, a significant increase of 26.52% from ¥1,650,762,611.28 in 2020, representing 59.70% of total revenue[50] - The Asian market saw a remarkable growth of 102.48%, with revenue of ¥431,878,066.64, compared to ¥213,290,708.82 in 2020[51] - The gross profit margin for the textile segment improved to 19.14%, up from 18.58% in the previous year[53] - The company reported a significant decline in clothing sales, which dropped by 92.03% to ¥9,392,174.91 from ¥117,893,153.23 in 2020[51] Investment and R&D - The company has invested in various financial assets, including stakes in Guotai Junan Securities and Guangfa Securities, indicating a diversified investment strategy[30] - A total of 53 patents were filed in 2021, including 27 invention patents and 26 utility model patents, with 23 utility model patents granted[38] - The company developed 87 new varieties in the spinning department and 486 new varieties in the weaving department, focusing on sustainable and eco-friendly fibers[42] - R&D expenses increased by 8.28% to ¥129,530,358.11, indicating a focus on innovation[64] - The number of R&D personnel increased by 0.28% to 362, with the proportion of R&D staff rising to 7.84%[74] Operational Strategy - The company has a production capacity of over 80,000 tons of high-end yarn and 10 million meters of high-end fabric annually, maintaining a focus on quality and market demand[29] - The sales strategy combines order-based and customized production, adapting to market trends and customer needs, particularly in the high-end fabric segment[33] - The company emphasizes a differentiated procurement strategy to ensure quality raw materials, particularly in cotton sourcing, which is crucial for its production[32] - The company plans to increase its spinning capacity to 1 million spindles by 2022, with a target of 60% automation rate, emphasizing smart transformation in production[102] Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section of the report[5] - The company has established a comprehensive risk management framework, enhancing employee training and safety standards to prevent operational hazards[47] Governance and Management - The company maintains a strong governance structure, ensuring independence from its controlling shareholder in operations, finance, and personnel[110] - The company has established a comprehensive internal control system to protect the rights of shareholders and ensure compliance with regulations[111] - The company has a focus on maintaining governance and transparency through regular shareholder meetings and updates[117] - The company has established a governance structure that includes a strategic committee, audit committee, nomination committee, and compensation and assessment committee[170] Environmental Responsibility - The company has implemented various pollution control measures, including dust suppression and wastewater treatment facilities[158] - The company has established a closed-loop system for wastewater recycling to achieve zero external discharge[157] - The company has received environmental impact assessment approval and has completed the construction of pollution prevention facilities[158] - The company has implemented a zero discharge policy for tailings, with a total of 1 discharge outlet from the workshop to the tailings pond, and 5 internal discharge outlets within the tailings pond[160] Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[127] - New product development is underway, with plans to launch two innovative textile products by Q3 2024, aimed at enhancing market competitiveness[127] - The company is exploring partnerships with international firms to enhance its global footprint and access new markets[127] Shareholder Engagement - The company has actively engaged with investors through various channels, ensuring transparency and quality in information disclosure[171] - The participation ratio for the 2020 Annual General Meeting was 47.93% and for the first extraordinary general meeting in 2021 was 46.77%[117]

Financial Performance - The company's operating revenue for Q1 2022 was ¥817,117,083.17, representing a 4.29% increase compared to ¥783,494,061.51 in the same period last year[3]. - The net profit attributable to shareholders was -¥156,356,744.38, a significant decline of 534.91% from -¥24,626,595.24 in the previous year[3]. - The net loss for the first quarter was CNY 157,061,542.26, compared to a net loss of CNY 26,726,742.58 in the previous year, indicating a significant decline in profitability[22]. - The company reported a comprehensive loss of CNY 161,652,695.42 for the quarter, compared to a loss of CNY 27,788,499.84 in the same period last year[22]. - Basic and diluted earnings per share were both reported at -0.1660, a decrease from -0.0260 in the previous year[22]. Cash Flow - The net cash flow from operating activities decreased by 56.59% to ¥7,118,331.00, down from ¥16,398,392.51 in the prior year[3]. - Operating cash inflow for the current period was $1,185,556,844.47, up from $971,538,145.93 in the previous period, representing a 22% increase[24]. - Net cash flow from operating activities decreased to $7,118,331.00 from $16,398,392.51, a decline of approximately 57%[24]. - Cash inflow from investment activities was $266,278,346.65, compared to $144,378,322.35 in the previous period, marking an increase of 84.5%[25]. - Net cash flow from investment activities improved to $229,043,553.27 from a negative $77,508,024.30, indicating a significant turnaround[25]. - Cash inflow from financing activities totaled $388,540,138.77, an increase from $321,429,416.67, reflecting a growth of 20.8%[25]. - Net cash flow from financing activities was negative at -$239,002,558.36, worsening from -$52,911,581.80 in the previous period[25]. - The ending balance of cash and cash equivalents was $459,741,181.32, compared to $413,039,386.82 in the previous period, showing an increase of 11.3%[25]. - Cash received from the recovery of investments was $259,193,813.51, up from $138,693,700.00, representing an increase of 87%[25]. - Cash paid for the purchase of fixed assets was $7,134,793.38, significantly lower than $31,886,346.65 in the previous period, indicating a reduction of 77%[25]. - The company’s cash flow from operating activities was impacted by a total outflow of $1,178,438,513.47, compared to $955,139,753.42 in the previous period, an increase of 23.4%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,074,145,454.47, a decrease of 7.73% from ¥7,667,190,941.01 at the end of the previous year[3]. - The company's total liabilities reached CNY 2,461,216,413.93, down from CNY 2,892,707,709.88 year-over-year[19]. - The total equity attributable to shareholders of the parent company decreased to CNY 4,552,788,554.22 from CNY 4,713,657,647.96[19]. - Current assets total 3,185,843,650.72 RMB, down from 3,803,396,125.61 RMB at the start of the year[17]. - The company's total assets amount to 7,074,145,454.47 RMB, a decrease from 7,667,190,941.01 RMB at the beginning of the year[17]. - The company's inventory stands at 834,721,517.87 RMB, up from 740,733,868.27 RMB[17]. - The total non-current assets are 3,888,301,803.75 RMB, slightly up from 3,863,794,815.40 RMB[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,492[11]. - The largest shareholder, Anhui Huamao Group Co., Ltd., holds 46.40% of shares, totaling 437,860,568 shares[11]. Other Significant Events - The company has ongoing litigation regarding the disposal of equity in Xinjiang Lihua (Group) Co., Ltd., with a request to review accounting records[13]. - The company is in discussions with local governments regarding the integration of mining rights with Jinsha Mining Co., Ltd.[14]. - The company completed the repayment of 286 million RMB of the "17 Huamao 01" corporate bonds[13]. - The company reported a significant increase in construction in progress, rising by 224.92% to ¥86,378,297.83, compared to ¥26,584,150.26 at the end of the previous year[8]. - Investment income increased by 74.28% to ¥7,178,531.77, up from ¥4,119,028.74 in the previous year[8]. - The company experienced a 70.47% decrease in current liabilities due to the repayment of the "17华茂01" bond[8]. - The company reported a significant decline in fair value changes of financial assets, with losses of -¥232,117,644.33, compared to -¥80,275,263.62 in the previous year, reflecting a 189.15% increase in losses[8].

安徽华茂纺织股份有限公司 2021 年第三季度报告 证券代码：000850 证券简称：华茂股份 公告编号： 2021-041 安徽华茂纺织股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 925,138,142.19 | 14.22% | 2,588,753,906.30 | 6. ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,663,615,764.11, representing a 2.25% increase compared to CNY 1,627,020,927.94 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 146,059,897.85, a significant increase of 32.33% from CNY 110,378,528.71 in the previous year[20]. - Basic earnings per share increased by 32.48% to CNY 0.155, compared to CNY 0.117 in the previous year[20]. - The company reported a decrease of 6.20% in net profit after deducting non-recurring gains and losses, totaling CNY 114,146,289.32 compared to CNY 121,685,128.98 in the previous year[20]. - The company achieved a revenue of 1.664 billion yuan, an increase of 2.25% year-on-year, and a net profit of 144 million yuan, up 19.49% year-on-year, with a net profit attributable to the parent company of 146 million yuan, rising 32.36%[30]. - The company's total revenue for the textile segment reached ¥1,563,988,592.89, representing a year-on-year increase of 0.17%[46]. - The company reported a significant decrease in clothing revenue by 78.52% due to reduced trade orders from its German subsidiary affected by the COVID-19 pandemic[44]. - The company reported a net profit of 647.69 million CNY from its investment in Guangfa Securities and 801.32 million CNY from Guotai Junan Securities during the reporting period, indicating significant dividend income from these investments[75]. Cash Flow and Investments - The net cash flow from operating activities decreased by 56.01%, amounting to CNY 121,277,470.37, down from CNY 275,705,373.76 in the same period last year[20]. - The company's cash and cash equivalents decreased by 135.35% to approximately -¥48.21 million, compared to an increase of ¥136.38 million in the previous year[40]. - Cash inflow from financing activities was CNY 486.29 million in the first half of 2021, down from CNY 820.12 million in the same period of 2020, a decrease of 40.7%[169]. - The company reported a significant increase in cash outflow for purchasing goods and services, which rose to CNY 730.09 million in the first half of 2021 from CNY 521.55 million in the same period of 2020[168]. - The company incurred financial expenses of ¥20,622,204.55, a decrease from ¥25,081,966.87 in the same period last year, indicating improved cost management[160]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,148,423,494.61, a slight increase of 0.02% from CNY 7,147,216,896.78 at the end of the previous year[20]. - The company's total assets as of June 30, 2021, amounted to ¥7,357,199,002.97, an increase from ¥7,248,432,758.96 at the end of 2020[153]. - Total liabilities are CNY 2,669,399,644.09, a decrease from CNY 2,758,913,627.99 at the end of the previous year[149]. - The company's total liabilities at the end of the reporting period were approximately 4,584.00 million yuan[179]. - The debt-to-asset ratio is 37.34%, a decrease of 1.26% from the previous year[143]. Research and Development - The company developed 270 new products and applied for 20 patents in the current year, enhancing its innovation capabilities[28]. - The company's research and development investment increased by 12.68% to approximately ¥58.71 million, compared to ¥52.10 million in the previous year[40]. - Research and development expenses increased to ¥40,432,012.17, up 60.36% from ¥25,224,606.61 in the same period last year, indicating a focus on innovation[160]. Market and Product Development - The company focuses on high-end markets with its "Chengfeng" brand yarn and "Yinbo" brand high-end fabrics, which are recognized as "Chinese famous brand products"[35]. - The company emphasizes the development of differentiated fiber varieties, particularly in high-end underwear and functional fibers, to meet consumer demand[27]. - The company plans to invest ¥20 million in a new non-woven fabric workshop, with a total investment of ¥16.90 million already incurred[48]. - The company aims to strengthen its market position by expanding its customer base and improving product variety to meet customer demands[75]. Environmental Responsibility - The company is committed to green development by implementing energy-saving and environmental protection technologies to achieve sustainable production[77]. - The company has achieved zero discharge status, with all wastewater being recycled[85]. - The company has established a comprehensive environmental management system, ensuring that all wastewater and waste gas are treated before discharge, with 85% of treated air being reused in the production process[89]. - The company has invested in pollution control facilities, including dust suppression systems and wastewater treatment plants, to meet environmental standards[87]. Corporate Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[100]. - The company has not reported any significant guarantees during the reporting period[116]. - The company has not entered into any management, contracting, or leasing agreements during the reporting period[113][114][115]. - The financial report was approved for release on August 31, 2021, indicating timely reporting practices[185].