Group 1: Company Overview - Zhejiang Zhengte is a high-tech enterprise focused on the research, production, and sales of outdoor leisure furniture and products, primarily targeting the European and American markets [2][3] - The company was established as a joint-stock company in 2015 and was listed on the Shenzhen main board in September 2022 after passing the review in May 2022 [3] - In 2021, the company's revenue was approximately CNY 1.24 billion, and for the first half of 2022, the revenue was about CNY 880 million [3] Group 2: Product Development and Market Strategy - The company has applied for overseas patents for its key structures and innovations related to the "Starry Sky Tent" product, which has seen rapid sales growth due to patent protection and consumer-friendly design and pricing [3][4] - The sales price of the Starry Sky Tent has remained consistent compared to the same period last year, with variations due to structural changes in different models [4] - The company has established subsidiaries in the Netherlands, Los Angeles, and Atlanta to enhance its overseas marketing network and customer outreach [4] Group 3: Sales and Order Management - The order cycle for customers does not exceed one year, with some clients already confirming orders for the next year [4] - Most customer orders are placed between July and October, coinciding with the peak sales season [4] - The company has completed part of the production line setup using its own funds before the fundraising was finalized, with plans to continue enhancing production capacity [4] Group 4: Future Planning - The company plans to focus on outdoor leisure and garden products for the next 2-3 years, aiming for continuous improvement in product quality [4]

Revenue and Profit - Revenue for Q3 2022 was CNY 231,245,917.08, a decrease of 13.14% compared to the same period last year[5] - Net profit attributable to shareholders was CNY -13,465,116.94, a decline of 146.97% year-on-year[5] - Net profit excluding non-recurring items was CNY 21,620,413.94, an increase of 4.09% year-on-year[5] - The net profit attributable to shareholders decreased by 36.18% to ¥54,173,156.66, reflecting changes in operating profit[10] - Net profit for the period was ¥51,950,213.07, a decrease of 38.73% from ¥85,066,258.81 in the previous year[20] - Total comprehensive income attributable to the parent company was CNY 54,173,156.66, a decrease from CNY 84,880,766.52 in the previous period[21] - Basic and diluted earnings per share were both CNY -0.16, a decrease of 144.97% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.63, down from CNY 1.03 in the same period last year[21] Assets and Liabilities - Total assets increased to CNY 1,638,436,972.48, representing a growth of 39.74% compared to the end of the previous year[5] - The company's total assets increased to ¥1,638,436,972.48, compared to ¥1,172,502,272.76 at the beginning of the year, reflecting a growth of 39.73%[17] - Current assets totaled ¥1,203,215,310.21, a significant increase of 58.66% from ¥757,640,002.82[17] - The total liabilities increased to ¥548,074,683.67, up from ¥509,936,887.17, representing a growth of 7.56%[17] - Shareholders' equity attributable to the parent company reached CNY 1,091,297,532.66, up 64.56% from the previous year[5] - The company's equity attributable to shareholders reached ¥1,091,297,532.66, an increase of 64.73% from ¥663,142,105.22[17] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 141,389,079.76, an increase of 166.31%[5] - Net cash flow from operating activities rose by 166.31% to ¥141,389,079.76, attributed to increased sales and improved inventory and receivables management[10] - Cash inflow from operating activities was CNY 1,372,361,065.39, compared to CNY 1,037,488,837.05 in the previous year, representing an increase of approximately 32.3%[22] - Net cash flow from financing activities surged by 2016.39% to ¥396,790,961.65, resulting from funds raised during the company's IPO[10] - Net cash flow from financing activities was CNY 396,790,961.65, compared to CNY 18,748,447.57 in the same period last year, indicating a substantial increase[23] - The ending balance of cash and cash equivalents was CNY 555,153,835.79, up from CNY 163,854,597.32 at the end of the previous year[23] Expenses - Sales expenses increased by 143.39% to ¥60,106,901.40 due to higher freight costs[10] - Financial expenses decreased by 9693.36% to -¥38,801,607.13 primarily due to exchange rate changes and RMB depreciation[10] - Research and development expenses for the quarter were ¥37,734,314.16, compared to ¥32,237,899.99 in the previous year, indicating a growth of 17.38%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,249[12] - The largest shareholder, Linhai Zhengte Investment Co., Ltd., holds 53.24% of the shares[13] Other Financial Metrics - The company reported a significant increase in cash and cash equivalents, rising by 300.25% to CNY 614,351,335.79[9] - The company’s capital reserve increased by 170.92% to CNY 550,724,734.61 due to funds raised from the IPO[9] - The company experienced a 72.61% decrease in trading financial assets, dropping to CNY 3,000,000.00[9] - Other income rose by 138.25% to ¥11,958,790.18, primarily from government subsidies and tax refunds[10] - Interest income fell by 60.63% to ¥1,756,286.58 due to a decrease in bank deposit interest rates[10] Audit Status - The report was not audited, indicating that the figures are preliminary and subject to change[24]