投资者关系活动记录表 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访  业绩说明会 | | 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） | | 活动参与人员 | 投资者网上提问 | | 时间 | 2023 年 4 月 26 日 | | 地点 | 全景网（http://www.p5w.net） | | 形式 | 网上路演 | | 上市公司接待 | 董事长兼总经理：周军 | | | 财务总监兼董事会秘书：蒋晶晶 | | 人员姓名 | 独立董事：刘泽荣 | | | 保荐代表人：王蕾蕾 1、请问罗城二期要建多久？ | | | 答：您好！罗城二期项目规划请关注公司后续公告，谢谢！ | | | 2、请问收购的两个矿在收购完成以后，这半年多时间里是在生产还 | | 交流内容及具 | | | 体问答记录 | 是在修整？ | | | 答：您好！目前已收购的两个矿正在进行矿山建设和开采准备工作， | | | 谢谢！ | | | 3、很多高纯度石英砂提纯公司都和大学专家团队合作，贵司目前有 | 转债代码：127 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥139,375,869.36, representing a 3.06% increase compared to ¥135,237,123.35 in the same period last year[5]. - The net profit attributable to shareholders for Q1 2023 was ¥17,993,091.03, up 2.56% from ¥17,543,432.37 in the previous year[5]. - Total operating revenue for Q1 2023 was CNY 139,375,869.36, an increase of 2.4% compared to CNY 135,237,123.35 in the previous year[19]. - Net profit for Q1 2023 reached CNY 17,989,447.13, compared to CNY 17,624,308.89 in the same period last year, indicating a growth of 2.1%[20]. - Total operating costs for Q1 2023 were CNY 118,897,338.59, up from CNY 118,002,374.81, reflecting a year-over-year increase of 0.8%[19]. Cash Flow - The net cash flow from operating activities was -¥16,476,904.70, a decrease of 53.25% compared to -¥10,751,347.72 in the same period last year[5]. - Cash inflow from operating activities totaled 106,757,437.40 CNY, down from 132,387,025.36 CNY in the previous period, representing a decrease of approximately 19.4%[22]. - Cash outflow from operating activities was 123,234,342.10 CNY, compared to 143,138,373.08 CNY in the previous period, a decrease of about 13.9%[22]. - Cash inflow from investing activities was 128,115,332.38 CNY, down from 246,518,755.27 CNY, a decline of approximately 48%[23]. - Cash outflow from investing activities increased significantly to 618,152,211.74 CNY from 241,064,444.09 CNY, marking an increase of about 156.5%[23]. - The net cash flow from investing activities was -490,036,879.36 CNY, compared to a positive 5,454,311.18 CNY in the previous period[23]. - Cash inflow from financing activities was 541,515,205.01 CNY, with a net cash flow of 540,227,867.98 CNY, compared to -1,556,134.52 CNY in the previous period[23]. - The ending balance of cash and cash equivalents increased to 283,839,056.04 CNY from 213,644,234.66 CNY, reflecting a growth of approximately 32.7%[23]. Assets and Liabilities - Total assets increased by 31.34% to ¥2,200,166,563.89 from ¥1,675,226,870.49 at the end of the previous year[5]. - The company's total liabilities for Q1 2023 were CNY 616,506,449.78, up from CNY 257,499,274.91, reflecting a year-over-year increase of 140%[17]. - Non-current liabilities totaled CNY 432,946,526.67, compared to CNY 45,125,765.88 in the previous year, showing a substantial increase[17]. - The company's equity attributable to shareholders reached CNY 1,580,665,107.71, compared to CNY 1,413,729,583.74 in the previous year, marking an increase of 11.8%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,980[10]. - The top shareholder, Zhuhai Yuminghua Enterprise Management Co., holds 30.75% of the shares, while the second-largest shareholder, Zhou Jun, holds 20.86%[11]. - The company has a total of 10 major shareholders, collectively holding a significant portion of the company's equity, ensuring strong control[11]. Strategic Initiatives - The company plans to utilize the raised funds for strategic investments and operational enhancements, aiming for market expansion[12]. - The company is actively exploring new product development and technological advancements to enhance its market position[12]. Research and Development - Research and development expenses for Q1 2023 were CNY 4,445,987.33, down from CNY 5,477,283.58, indicating a decrease of 18.8%[19]. Investment Performance - The company reported an investment loss of CNY 527,056.85 in Q1 2023, compared to a gain of CNY 839,380.71 in the previous year[20].

Financial Performance - The company's operating revenue for 2022 was CNY 656,515,218.55, a decrease of 9.40% compared to CNY 724,605,678.91 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 86,107,460.39, down 39.02% from CNY 141,206,296.56 in the previous year[23]. - The net cash flow from operating activities decreased by 66.26% to CNY 54,148,324.31 in 2022, compared to CNY 160,489,664.31 in 2021[23]. - Basic earnings per share for 2022 were CNY 0.73, a decline of 49.31% from CNY 1.44 in 2021[23]. - The weighted average return on equity for 2022 was 6.22%, down from 15.91% in 2021, reflecting a decrease of 9.69%[23]. - The net profit after deducting non-recurring gains and losses for 2022 was CNY 78,243,618.14, a decrease of 39.97% from CNY 130,346,932.26 in 2021[23]. Assets and Liabilities - Total assets at the end of 2022 were CNY 1,675,226,870.49, an increase of 6.43% from CNY 1,573,985,569.57 at the end of 2021[23]. - The net assets attributable to shareholders increased by 4.35% to CNY 1,413,729,583.74 at the end of 2022, compared to CNY 1,354,821,805.84 at the end of 2021[23]. - The company reported a total of 96,138,575.48 RMB in accounts receivable, which accounted for 5.74% of total assets[141]. - The inventory increased to 157,200,264.36 RMB, representing 9.38% of total assets, an increase of 1.21% from the previous period[141]. Market and Industry Trends - The artificial quartz stone industry benefits from favorable policies aimed at energy conservation and carbon neutrality, enhancing the market environment for sustainable development[36]. - The engineered quartz stone market is significantly globalized, with developed countries like the US being major consumers and importers, providing opportunities for the company's growth[45]. - The trend towards full decoration in residential properties is expected to create new market opportunities for engineered quartz stone, with the average renovation rate in China currently at around 10% compared to 80% in developed countries[60]. - The company anticipates growth opportunities from the rising trend of customized home furnishings and the increasing proportion of finished apartments in the real estate market[82]. Product Development and Innovation - The company is focusing on technological innovation to enhance production efficiency and product performance, aiming to meet high-end market demands[49]. - The company is exploring new material formulations and production processes to enhance product features and meet evolving consumer preferences[49]. - Future product development will include the addition of nano materials to enhance the anti-stain and antibacterial properties of artificial quartz stone, effectively killing common harmful bacteria[68]. - The company is developing new products, including high-temperature resistant artificial quartz stone and anti-cracking quartz stone, aimed at enhancing market competitiveness[134]. Sales and Marketing Strategy - The company operates on a make-to-order production model, with standard products for slabs and customized products for countertops[71]. - The sales model includes direct sales to custom home enterprises and regional distributors, indicating a diversified approach to market reach[72]. - The company intends to expand its market presence in second- and third-tier cities and enhance online sales channels to boost market coverage and customer loyalty[166]. Corporate Governance - The company held a total of 4 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority investors[183]. - The board of directors convened 5 meetings during the reporting period, complying with legal requirements regarding board composition and operation[184]. - The independent directors actively participated in decision-making and maintained the interests of minority shareholders, contributing positively to corporate governance[191]. - The company respects and protects the legitimate rights of stakeholders, promoting balanced interests among shareholders, employees, and society[193]. Financial Management and Investments - The company plans to invest RMB 1 billion in a new silicon crystal material R&D and manufacturing project, supported by a mining rights agreement for approximately 20 million tons of quartz ore[90]. - The company has a cumulative investment of 89,311,542 yuan in artificial quartz stone projects, with an expected return of 55.98%[148]. - The company has not engaged in any securities or derivative investments during the reporting period[150][151]. - The company plans to use idle raised funds for bank deposits, ensuring efficient capital management[157]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could negatively impact demand for its products and overall performance[170]. - The company is exposed to risks from the real estate market's cyclical fluctuations, which may affect the demand for artificial quartz stone products[171]. - The company is at risk of raw material price volatility, particularly for unsaturated polyester resin and chemical additives, which could adversely affect its operating performance[172]. - The company is concerned about potential international trade friction that could impact its export business and overall financial results[175].

广东中旗新材料股份有限公司 关于举行 2022 年度网上业绩说明会的公告 证券代码：001212 证券简称：中旗新材 公告编号：2023-018 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广东中旗新材料股份有限公司（以下简称"公司"）于 2023 年 4 月 20 日在 巨潮资讯网（http://www.cninfo.com.cn/）披露了《2022 年年度报告全文》。为了 让广大投资者进一步了解公司的经营情况，公司将于 2023 年 4 月 26 日（星期 三）下午 15:00-17:00 举行 2022 年度网上业绩说明会。本次说明会将采取网络远 程的方式举行 ，投资者可登陆全景网"投资者关系互动平台"（https://ir.p5w.net） 参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事长周军先生、财务总监兼董事 会秘书蒋晶晶女士、独立董事刘泽荣女士、保荐人王蕾蕾先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 4 月 ...

Company Overview - Guangdong Zhongqi New Materials Co., Ltd. was established in 2007 and is a national high-tech enterprise focused on the R&D, manufacturing, and comprehensive services of quartz silicon crystal surface materials [2][3] - It is the first artificial stone company listed on the A-share main board and serves as the main editor of the quartz stone industry standards [2][3] Patents and Certifications - The company holds 9 invention patents, 58 utility model patents, and 12 software copyrights [3] - It has participated in the compilation of 27 national, industry, and local standards and has obtained various certifications including ISO9001, ISO14001, ISO45001, and NSF [3] Product and Market - Quartz stone products account for over 80% of total sales, primarily in domestic markets, with significant sales in East China, South China, and North China [3] - The company is actively expanding its overseas business, which currently constitutes about 20% of total sales, targeting markets in Australia, Canada, and South Korea [3] Financial Performance - Revenue from 2018 to 2020 was 565.11 million, 528.58 million, and 554.87 million yuan respectively, with net profits of 86.29 million, 108.72 million, and 136.52 million yuan [3] - In Q3 2021, the company achieved sales revenue of 512.92 million yuan and a net profit of 103.86 million yuan, with a gross profit margin of 31.52% [3] Future Development Directions - The company aims to build a green stone ecosystem and become a leader in the global green stone industry [3][4] - It plans to integrate resources and leverage its platform for capital operations to enhance its technological and talent resources [4] - The focus will be on self-research and development to master core technologies and lead the industry [4] Interactive Communication - The company has experienced significant growth post-listing, improving financing channels, brand influence, and attracting talent [4] - High gross profit margins are attributed to strong innovation capabilities and high production efficiency [4] - The company’s competitive advantage lies in its ability to provide customized services and meet environmental standards, appealing to both domestic and international markets [4]

Revenue and Profit - The company's revenue for Q3 2022 was ¥205,754,474.61, representing a 3.94% increase year-over-year, while the year-to-date revenue decreased by 3.40% to ¥495,498,286.20[3] - Net profit attributable to shareholders for Q3 2022 was ¥29,058,533.10, a decrease of 29.55% compared to the same period last year, and a year-to-date decrease of 35.74% to ¥66,736,692.32[3] - The basic earnings per share for Q3 2022 was ¥0.25, down 54.55% year-over-year, with a year-to-date decrease of 61.22% to ¥0.57[3] - Total operating revenue for the current period is $495.50 million, a decrease of 3.0% from $512.92 million in the previous period[17] - Net profit for the current period is $66.80 million, a decline of 35.7% compared to $103.86 million in the previous period[18] - Basic and diluted earnings per share are both $0.57, down from $1.47 in the previous period[19] Assets and Liabilities - The company's total assets as of September 30, 2022, were ¥1,615,678,206.11, reflecting a 2.65% increase from the end of the previous year[3] - Total current assets as of September 30, 2022, amount to ¥1,006,731,367.01, a decrease from ¥1,116,403,748.79 at the beginning of the year[14] - Total liabilities as of September 30, 2022, are ¥216,359,040.47, slightly up from ¥215,262,050.97 at the beginning of the year[15] - Total equity attributable to shareholders of the parent company is ¥1,394,357,498.16, an increase from ¥1,354,821,805.84[15] - The company’s total assets as of September 30, 2022, are ¥1,615,678,206.11, compared to ¥1,573,985,569.57 at the beginning of the year[15] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥28,956,130.34, a significant decrease of 67.18% compared to the previous year[3] - Cash flow from operating activities generated $28.96 million, a decrease of 67.2% from $88.24 million in the previous period[21] - Cash flow from investing activities resulted in a net outflow of $78.35 million, compared to a net outflow of $101.14 million in the previous period[21] - The company’s cash and cash equivalents decreased to ¥664,640,316.20 from ¥701,251,630.50 at the beginning of the year[13] - Cash and cash equivalents at the end of the period totaled $144.14 million, down from $812.48 million at the end of the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,897[10] - The largest shareholder, Zhuhai Yuminghua Enterprise Management Co., Ltd., holds 30.75% of shares, totaling 36,244,000 shares[10] - The second-largest shareholder, Zhou Jun, holds 20.86% of shares, totaling 24,589,500 shares[10] Expenses - Total operating costs increased to $419.44 million, up 5.2% from $398.83 million in the previous period[17] - Operating profit decreased to $76.63 million, down 35.5% from $118.98 million in the previous period[18] - Sales expenses increased to $12.66 million, up 30.8% from $9.67 million in the previous period[18] - Research and development expenses decreased slightly to $17.67 million, down 2.7% from $18.17 million in the previous period[18] Other Financial Metrics - The company reported a 95.05% decrease in trading financial assets, primarily due to the redemption of financial products during the reporting period[6] - The company’s other payables increased by 408.72% to ¥37,992,888.80, mainly due to outstanding equity acquisition payments[8] - The company’s intangible assets increased by 77.01% to ¥151,623,640.44, attributed to the acquisition of mining rights[6] - The company received government subsidies amounting to ¥1,206,162.02 in Q3 2022, with a year-to-date total of ¥2,313,296.19[4] - The company’s investment income for Q3 2022 was ¥2,853,384.25, a substantial increase of 381.90% compared to the previous year[8]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥289,743,811.59, a decrease of 8.01% compared to ¥314,967,881.71 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥37,678,159.22, down 39.82% from ¥62,611,730.28 in the previous year[25]. - The net cash flow from operating activities was ¥21,744,590.84, representing a significant decline of 77.35% compared to ¥96,021,285.69 in the same period last year[25]. - Basic earnings per share decreased by 65.22% to ¥0.32 from ¥0.92 in the previous year[25]. - The total profit for the first half of 2022 was ¥42,999,881.84, compared to ¥73,802,993.58 in the same period last year, reflecting a decrease of 41.8%[167]. - The company's financial expenses showed a significant improvement, with a net financial expense of -¥6,575,923.76 compared to ¥619,096.27 in the previous year, indicating better management of financial costs[167]. - The company reported a net profit margin of approximately 14.8% for the first half of 2022, compared to 16.0% in the same period of 2021[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,545,187,829.70, a decrease of 1.83% from ¥1,573,985,569.57 at the end of the previous year[25]. - The total assets at the end of the reporting period were reported at 1,546,783,400, indicating a robust asset base[186]. - Total liabilities decreased to CNY 174,990,918.93 from CNY 215,262,050.97 at the start of the year, reflecting a reduction of approximately 18.7%[157]. - The total equity increased to CNY 1,370,196,910.77 from CNY 1,358,723,518.60, indicating a growth of about 0.3%[157]. Research and Development - The company has 12 Chinese invention patents, 2 US invention patents, and 58 utility model patents, showcasing its strong R&D capabilities[33]. - Research and development investment was approximately ¥10.39 million, a slight decrease of 1.92% from ¥10.59 million in the previous year[54]. - The company has developed an automated quartz stone production line, significantly improving production efficiency and delivery capabilities[47]. - Research and development expenses amounted to ¥10,389,727.95, slightly lower than ¥10,593,452.67 in the previous year, indicating a focus on maintaining R&D investment[167]. Market Strategy and Operations - The company is actively expanding into the upstream silicon crystal new materials sector, aiming for a dual-drive strategy with artificial quartz stone and silicon crystal materials[34]. - The company utilizes a combination of order-based and stock-based production models to optimize inventory and production efficiency[36]. - The company’s sales model primarily involves direct sales to custom home enterprises and artificial quartz stone brand merchants, rather than direct consumer sales[40]. - The company plans to extend its supply chain by producing quartz fillers in-house to ensure stable raw material supply and mitigate the impact of raw material price fluctuations[82]. - The company aims to strengthen its competitive edge through technological upgrades and digitalization, focusing on product quality, cost efficiency, and delivery capabilities to counteract increasing market competition[81]. Corporate Governance and Social Responsibility - The company has established a sound corporate governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[106]. - The company actively engages in social responsibility initiatives, aiming to create value for society while maintaining sustainable development[103]. - The company has established a comprehensive environmental management system and has obtained ISO 14001 and ISO 45001:2018 certifications[110]. Cash Flow and Financing - The cash flow from operating activities was CNY -25,271,151.17, reflecting a significant decline of 155.50% compared to CNY 45,532,097.73 in the previous period[56]. - The cash flow from financing activities was CNY -28,435,162.42, an increase of 1,561.61% primarily due to dividend distributions[56]. - The company reported a total cash outflow related to leasing of 3,179,222.42 RMB[129]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,774[141]. - The company did not report any shareholders holding more than 5% of ordinary shares or any significant pledges or freezes on shares[141]. - The company approved a cash dividend of 3 RMB per 10 shares, totaling 27,201,000 RMB, based on a total share capital of 90,670,000 shares as of December 31, 2021[139]. Future Outlook - The management provided a positive outlook for the next quarter, expecting a revenue growth of approximately 10%[178]. - Future guidance suggests a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market penetration strategies[181]. - The company plans to increase capital reserves by transferring surplus reserves to capital, enhancing its growth potential[188].

Financial Performance - The company's operating revenue for 2021 was ¥724,605,678.91, representing a 30.59% increase compared to ¥554,866,306.15 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥141,206,296.56, a 3.44% increase from ¥136,516,614.62 in 2020[18]. - The net cash flow from operating activities was ¥160,489,664.31, up 25.53% from ¥127,849,403.97 in the previous year[18]. - The total assets at the end of 2021 reached ¥1,573,985,569.57, a 109.73% increase from ¥750,465,955.58 at the end of 2020[18]. - The net assets attributable to shareholders increased by 121.59% to ¥1,354,821,805.84 from ¥611,419,409.28 in 2020[18]. - The basic earnings per share for 2021 was ¥1.87, a decrease of 6.97% compared to ¥2.01 in 2020[18]. - The weighted average return on equity for 2021 was 15.91%, down from 24.37% in 2020, reflecting an 8.46% decline[18]. - The company achieved total operating revenue of 211,688,817.17 yuan in Q4 2021, representing a year-over-year increase of approximately 68.5% compared to Q1 2021[22]. - The net profit attributable to shareholders for Q3 2021 was 41,249,670.49 yuan, marking a 44.5% increase from Q1 2021[22]. - The company’s operating profit for 2021 was 14,120.80 million yuan, reflecting a 3.44% increase from the previous year, indicating improved operational quality[28]. - The company achieved a gross profit margin of 29.43% in 2021, a decrease of 8.38% compared to the previous year[72]. Market and Product Development - The company launched new products including rock slabs and granite, contributing to a 30.59% increase in operating revenue to 72,460.57 million yuan in 2021 compared to the previous year[28]. - The company is actively expanding its market presence and product offerings to meet the growing demand for high-quality decorative materials in the construction sector[30]. - The company’s products have passed various international certifications, including ASTM standards and NSF certification, facilitating exports to North America, Oceania, Asia, and Europe[34]. - The company focuses on the customization of artificial quartz stone countertops, which are produced mainly through order-based manufacturing[56]. - The company offers flexible customization of quartz stone slab specifications, ranging from 2440mm*750mm to 3200mm*1800mm, to meet diverse customer needs[59]. - The company has established long-term partnerships with leading domestic custom home manufacturers, allowing it to better meet customer needs and market trends[65]. - The company has developed strategic partnerships with suppliers to enhance procurement efficiency and reduce costs through effective inventory management[54]. Research and Development - The company holds 12 invention patents and 58 utility model patents, showcasing its strong R&D capabilities in the artificial quartz stone industry[34]. - The company has filed for 6 new patents related to the development of high-performance cement-based quartz stone products[86]. - The company successfully developed a high-performance cement-based quartz stone, which reduces production costs and enhances product quality[86]. - Research and development investment increased by 18.62% to ¥23,066,222.46, accounting for 3.18% of total revenue[87]. - The company has a training program aimed at enhancing employee skills and aligning with strategic goals, focusing on both theoretical and practical training[175]. Operational Efficiency - The company has established a comprehensive supplier management system to ensure the quality of raw materials, including unsaturated polyester resin and quartz filler, with annual framework contracts signed with key suppliers[54]. - The production model combines order-based and stock-based production, allowing the company to maintain inventory for popular products to shorten delivery times[55]. - The company has developed an automated quartz stone production line, significantly improving production efficiency and product delivery capabilities[61]. - The company’s core competitive advantage lies in its advanced production technology and automated equipment, which ensures high product consistency and quality[58]. Financial Management and Governance - The company has a structured financial management system for its subsidiaries[141]. - The company has established independent management structures, ensuring no overlap with the controlling shareholder's enterprises[140]. - The company strictly adheres to information disclosure regulations, providing accurate and timely information to all shareholders[134]. - The company maintained independence from its controlling shareholders in business, personnel, assets, and finance, with no significant related party transactions affecting independence[136][137]. - The company has established a governance structure in place to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[198]. Environmental Responsibility - The company has received ISO 14001 and ISO 45001:2018 certifications, demonstrating its commitment to environmental management and occupational health and safety[189]. - The company has implemented various measures to control and manage pollutants generated during its operations, including waste gas, wastewater, solid waste, and noise[189]. - The company has established a comprehensive emergency response plan to address potential environmental incidents, including regular drills to ensure effectiveness[195]. - The company has not faced any administrative penalties from environmental protection departments during the reporting period[197]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact market demand and profitability[119]. - The real estate market's volatility poses a risk to the demand for artificial stone products, as the industry is closely tied to construction activities[119]. - Increased competition in the artificial stone industry may lead to a decline in market share if the company does not enhance its scale and innovation[119]. - The company is exposed to raw material price fluctuations, particularly for unsaturated polyester resin and chemical additives, which are influenced by oil prices[120]. - Rising labor costs due to economic development and regulatory changes may affect the company's future operating profits[120]. Shareholder Engagement - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority investors[126]. - The annual shareholders' meeting held on June 25, 2021, had 100% investor participation[142]. - The first interim shareholders' meeting on September 22, 2021, had 55.82% investor participation[144]. - The second interim shareholders' meeting on October 14, 2021, had 60.32% investor participation[144].

Financial Performance - The company's revenue for Q1 2022 was ¥135,237,123.35, representing a 7.44% increase compared to ¥125,876,002.52 in the same period last year[3]. - Net profit attributable to shareholders decreased by 38.54% to ¥17,543,432.37 from ¥28,543,372.75 year-on-year[3]. - The net profit after deducting non-recurring gains and losses fell by 41.49% to ¥16,459,273.97 from ¥28,131,210.32 in the previous year[3]. - Basic and diluted earnings per share decreased by 54.76% to ¥0.19 from ¥0.42 year-on-year[3]. - Total operating revenue for the current period reached ¥135,237,123.35, an increase of 7.5% compared to ¥125,876,002.52 in the previous period[15]. - Net profit for the current period was ¥17,624,308.89, a decrease of 38.4% from ¥28,543,372.75 in the previous period[16]. - Total comprehensive income for the period was CNY 17,624,308.89, compared to CNY 28,543,372.75 in the previous period, representing a decrease of approximately 38.3%[17]. - Basic and diluted earnings per share for the current period were CNY 0.19, down from CNY 0.42 in the previous period, indicating a decline of 54.8%[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥10,751,347.72, a decline of 154.15% compared to ¥19,855,960.88 in the same period last year[3]. - Cash inflow from operating activities totaled CNY 132,387,025.36, down from CNY 138,212,484.61, reflecting a decrease of about 4.0%[20]. - Cash outflow from operating activities increased to CNY 143,138,373.08 from CNY 118,356,523.73, marking an increase of approximately 20.9%[20]. - Cash flow from investing activities generated a net inflow of CNY 5,454,311.18, compared to a net outflow of CNY -30,093,804.91 in the previous period[21]. - Cash and cash equivalents at the end of the period were CNY 213,644,234.66, compared to CNY 185,101,976.00 at the end of the previous period, showing an increase of about 15.5%[21]. - The company received CNY 245,640,000.00 from the recovery of investments, a significant increase from CNY 5,000,000.00 in the previous period[20]. - The company paid CNY 40,866,850.92 for the purchase of fixed assets, intangible assets, and other long-term assets, up from CNY 17,172,178.96 in the previous period[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,561,327,339.85, down 0.80% from ¥1,573,985,569.57 at the end of the previous year[3]. - Current assets totaled ¥1,073,302,451.20, a decrease of 3.9% from ¥1,116,403,748.79 at the beginning of the year[12]. - Total liabilities decreased to ¥184,979,512.36 from ¥215,262,050.97, indicating a reduction of 14.1%[13]. - The company's cash and cash equivalents decreased to ¥654,250,109.39 from ¥701,251,630.50, a decline of 6.7%[12]. - The inventory balance increased to ¥133,797,532.08, up from ¥128,600,300.13, reflecting a growth of 4.5%[12]. - Long-term equity investments slightly decreased to ¥1,103,539.59 from ¥1,121,914.15, a decline of 1.6%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,295[7]. - The largest shareholder, Zhuhai Yuminghua Enterprise Management Co., Ltd., holds 30.75% of the shares, totaling 27,880,000 shares[7]. Research and Development - Research and development expenses rose to ¥5,477,283.58, compared to ¥3,896,695.77 in the previous period, reflecting a 40.5% increase[16]. Audit Status - The report for the first quarter was not audited[22].

Financial Performance - The company's operating revenue for 2021 was ¥724,605,678.91, representing a 30.59% increase compared to ¥554,866,306.15 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥141,206,296.56, a 3.44% increase from ¥136,516,614.62 in 2020[18]. - The net cash flow from operating activities was ¥160,489,664.31, up 25.53% from ¥127,849,403.97 in the previous year[18]. - The total assets at the end of 2021 reached ¥1,573,985,569.57, a 109.73% increase from ¥750,465,955.58 at the end of 2020[18]. - The net assets attributable to shareholders increased by 121.59% to ¥1,354,821,805.84 from ¥611,419,409.28 in 2020[18]. - The basic earnings per share for 2021 was ¥1.87, a decrease of 6.97% compared to ¥2.01 in 2020[18]. - The weighted average return on equity for 2021 was 15.91%, down 8.46% from 24.37% in 2020[18]. - The company achieved total operating revenue of CNY 211.69 million in Q4 2021, representing a year-on-year increase of 30.59%[22]. - Net profit attributable to shareholders was CNY 37.34 million in Q4 2021, with a total annual net profit of CNY 141.21 million, up 3.44% year-on-year[22][28]. - The company reported a net cash flow from operating activities of CNY 72.25 million in Q4 2021, indicating strong cash generation capabilities despite a negative cash flow in Q3[22]. Product Development and Innovation - The company launched new products including rock slabs and granite, aimed at expanding market reach and creating new profit growth points[28][35]. - The company holds 12 invention patents and 58 utility model patents, showcasing its strong R&D capabilities in the industry[34]. - The company’s products have passed multiple international certifications, including ASTM, NSF, and CE, enhancing its competitiveness in global markets[34]. - The company is committed to building a green stone full industry chain and enhancing its product matrix to better serve diverse customer needs[35]. - The company has developed a high-performance cement-based quartz stone, which reduces production costs and enhances product quality, with 6 patents granted[1]. - The company developed a matrix powder distribution device, which improves product consistency and reduces production costs, with 7 patents granted[1]. Market and Competitive Environment - The company is recognized as a leading enterprise in the artificial quartz stone industry and has established long-term partnerships with major clients[32]. - The company’s operating environment faced challenges such as rising raw material prices and regulatory pressures in the real estate sector, impacting overall industry growth[28]. - The company faces risks from macroeconomic fluctuations, which could negatively impact market demand and profitability[117]. - The real estate market's volatility poses a risk to the demand for artificial stone products, as the company’s market is closely tied to this sector[118]. - Increased competition in the artificial stone industry may lead to a decline in market share if the company does not enhance its scale and innovation[119]. Financial Management and Investments - The company raised ¥629 million through its initial public offering in August 2021, significantly impacting its cash position[90]. - The cash and cash equivalents increased to ¥701,251,630.50, representing 44.55% of total assets, up from 25.28% at the beginning of the year[91]. - The company reported a total cash inflow from operating activities of ¥725,449,703.09, a 27.76% increase from ¥567,810,578.00 in 2020[88]. - The total amount of raised funds is 62,939.71 million CNY, with 14,106.46 million CNY used during the reporting period, representing 22.39% of the total[102]. - The remaining unused raised funds amount to 48,957.22 million CNY, which is 77.61% of the total[102]. Governance and Compliance - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority investors[125]. - The board of directors convened 9 meetings, maintaining compliance with relevant laws and regulations[126]. - The company maintained independence from its controlling shareholders in business, personnel, assets, and finance, with no significant related party transactions[135][136]. - The company has established a complete business system and independent operational capabilities, ensuring no competition with controlling shareholders[136]. - The company strictly adheres to legal requirements for information disclosure, enhancing transparency for all shareholders[133]. Employee Management and Development - The company reported a total of 1,004 employees at the end of the reporting period, with 748 in production, 60 in sales, 99 in technical roles, 11 in finance, and 86 in administration[171]. - The company emphasizes performance-based compensation and offers competitive salary and benefits packages to its employees[173]. - The company conducted various training programs to enhance employee skills and align with strategic goals[174]. - The company has a total of 3 employees with master's degrees and 56 with bachelor's degrees, reflecting a diverse educational background among its workforce[172]. Environmental Responsibility - The company has received ISO 14001 and ISO 45001:2018 certifications, demonstrating its commitment to environmental management and occupational health and safety[188]. - The company has implemented various measures to control and manage pollutants generated during its operations, including waste gas, wastewater, solid waste, and noise[188]. - The company has adhered to national environmental protection laws and regulations, emphasizing energy conservation and recycling in its operations[188]. - The total emissions of volatile organic compounds (VOCs) were 0.1221 tons, with a concentration of 2.48 mg/m3, meeting the local emission standards[190]. - The company paid an environmental protection tax of 14,000 yuan and invested 4.7377 million yuan in environmental protection equipment during the reporting period[195].