证券代码：002067 证券简称：景兴纸业 编号：20210301 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|--------------------------|----------------------------|--------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | | | | | | 类别 | □媒体采访 | □业绩说明会 | | | | | | | | | □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 | 国信证券：朱张元 | | | | | | | | 人员姓名 | 申银万国研究所：柴程森 | | | | | | | | | 国联安基金 ...

证券代码：002067 证券简称：景兴纸业 编号：20210302 | --- | --- | --- | --- | --- | |----------------|------------------------------|----------------------------|-------|-------| | | | | | | | 投资者关系活动 | □特定对象调研 | √ 分析师会议 | | | | 类别 | □媒体采访 | □业绩说明会 | | | | | □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） | | | | | 前方基金：梁建文 | | | | | 参与单位名称及 | 易方达基金：崔欣 | | | | | 人员姓名 | 领策投资：林东 | | | | | | 中金证券：孙翔珂 | | | | | | 招商基金：曹晋文 | | | | | | 华夏基金：周欣、吴凡、陆晓天 | | | | | | 东证资管：薛小飞、余偲媛 | | | | | | | | | | | | 银河证券：张展源 | | | | ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 编号：20210501 | --- | --- | --- | --- | --- | |-------------------------|--------------------------------------------------------|--------------------------------------------|-------|----------------------------| | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | 类别 | □媒体采访 | □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | | □现场参观 | | | | | | √ 其他 （投资者接待日） | | | | | 参与单位名称及 人员姓名 | 罗祎辰、郑志刚、陈青、李兵 | | | | | 时间 2021 | 年 5 月 12 日 9:30-11:00 | | | | | 地点 公司 | 707 会议室 | | | | | 上市公司接待人 员姓名 | 副 ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 编号：20210901 | --- | --- | --- | --- | |----------------|-------------------------------------|--------------------------------------------------------|--------------------------| | | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 （投资者接待日） | | | | 参与单位名称及 | 国盛证券 李顺帆 | 汪文沁 | | | 人员姓名 | 中金公司 莫华寅 | | | | | 兴证全球 张睿 | 翟秀华 | | | 时间 2021 | 年 9 月 8 日 | 13:30-15:00 | | | | 地点 上海景兴实业投资有限公司办公室 | | | | 上市公司接待人 ...

证券代码：002067 证券简称：景兴纸业 浙江景兴纸业股份有限公司投资者关系活动记录表 编号：20220201 | --- | --- | --- | --- | --- | |----------------|--------------------------------------|----------------------------------------------------------|-------|----------| | | | | | | | 投资者关系活动 | □特定对象调研 √分析师会议 | | | | | 类别 | □媒体采访 | □业绩说明会 | | | | | □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 | 招商证券 李玲 张蓓 | | | | | 人员姓名 | 华安证券 马远方 | | | | | | 国投瑞银 黄知诚 | | | | | | 交银施罗德 曾怡珺 | | | | | | 浙商基金 黄玥 | | | | | 时间 2022 | 年 2 月 1 ...

Financial Performance - Q3 2022 revenue was CNY 1,559,541,753.42, a decrease of 6.31% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 2,214,473.45, down 97.70% year-on-year[5] - Basic earnings per share decreased by 97.68% to CNY 0.0019[5] - The total operating revenue for the period reached RMB 4,600,337,736.45, an increase from RMB 4,502,245,849.86 in the previous period, reflecting a growth of approximately 2.0%[18] - The company's net profit attributable to shareholders increased to RMB 2,218,475,640.50 from RMB 2,100,176,158.44, marking a growth of about 5.6%[17] - In Q3 2022, the company's net profit reached CNY 123,845,109.46, a decrease of 67.5% compared to CNY 381,302,137.91 in Q3 2021[19] - The company's operating profit was CNY 121,404,217.08, down 71.2% from CNY 421,067,767.17 in Q3 2021[19] - The company reported a total comprehensive income of CNY 125,460,507.67, down from CNY 350,060,656.09 in the same quarter last year[20] - Basic earnings per share were CNY 0.0991, compared to CNY 0.3147 in Q3 2021, reflecting a decline of 68.5%[20] Cash Flow and Liquidity - Operating cash flow increased significantly by 469.58% to CNY 727,922,400[5] - The company reported a significant increase in cash flow from operating activities, indicating improved liquidity[5] - Cash flow from operating activities increased by 370% year-on-year, mainly due to an increase in cash received from sales of goods[9] - The net cash flow from operating activities was CNY 727,922,455.08, significantly higher than CNY 127,799,068.67 in Q3 2021[23] - The net increase in cash and cash equivalents increased by 75.67% year-on-year, primarily due to the combined effects of the aforementioned factors[9] - The company's cash and cash equivalents decreased to RMB 1,265,002,843.38 from RMB 1,340,654,032.85, representing a decline of approximately 5.6%[15] - The cash and cash equivalents at the end of the period were CNY 1,253,697,377.08, slightly up from CNY 1,226,417,562.08 at the end of Q3 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,980,637,014.48, an increase of 0.51% from the beginning of the year[5] - Total assets as of September 30, 2022, were RMB 7,980,637,014.48, slightly up from RMB 7,940,283,181.97 at the beginning of the year[17] - Total liabilities increased to RMB 2,463,216,073.82 from RMB 2,324,908,319.70, reflecting an increase of approximately 5.9%[17] - Non-current liabilities due within one year increased by 426% compared to the beginning of the period, while long-term borrowings decreased by 64.26% due to the reclassification of long-term borrowings[9] - Shareholders' equity attributable to the parent company was CNY 5,515,932,193.33, up 1.50% from the beginning of the year[5] Investments and Acquisitions - The company completed the acquisition of a 25% stake in Zhejiang Jingxing Board Paper Co., Ltd. for RMB 224,207,150, fully paid as of the report date[13] - The company transferred 100% equity of Sichuan Jingtai Color Packaging Co., Ltd. for RMB 11,043,519.20, receiving the full payment by the report date[13] - Construction in progress increased by 60.25% compared to the beginning of the period, primarily due to increased investment in the Malaysia project with an annual capacity of 800,000 tons of waste paper pulp board[9] - The total investment activities resulted in a net cash outflow of CNY 546,442,897.43, compared to a net outflow of CNY 413,945,949.79 in Q3 2021[23] Operational Metrics - The total operating costs amounted to RMB 4,702,644,746.55, up from RMB 4,135,435,188.95, indicating a significant increase of about 13.7%[18] - Accounts receivable decreased by 51.44% compared to the beginning of the period, primarily due to the collection and payment of matured notes[9] - Accounts receivable decreased to RMB 458,053,711.61 from RMB 567,684,827.96, a reduction of about 19.3%[16] - Inventory increased to RMB 666,264,987.66 from RMB 638,178,180.92, showing a rise of approximately 4.4%[16] - Research and development expenses amounted to CNY 158,322,019.47, a decrease of 9.1% compared to CNY 174,100,086.87 in the previous year[19] Other Financial Information - Non-recurring gains and losses for the current period amounted to CNY 2,639,754.25[7] - The company implemented a retrospective adjustment in accounting policy affecting previous financial statements due to changes in cost classification[6] - Financial expenses increased by 64.76% year-on-year, mainly due to an increase in exchange losses[9] - Deferred income increased by 49.40% compared to the beginning of the period, mainly due to government subsidies received[9] - The number of ordinary shareholders at the end of the reporting period was 69,779[10]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥3.04 billion, representing a 7.16% increase compared to ¥2.84 billion in the same period last year[19]. - The net profit attributable to shareholders decreased by 56.17% to approximately ¥116.09 million, down from ¥264.86 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 59.22% to approximately ¥107.44 million[19]. - Basic earnings per share decreased by 56.52% to ¥0.10, while diluted earnings per share decreased by 57.14% to ¥0.09[19]. - The comprehensive gross margin decreased by 10.76% compared to the previous year[31]. - The company reported a net profit of 290 million in the first half of 2022, up 15% compared to the same period in 2021[122]. - The company reported a significant reduction in production costs by 5% due to improved operational efficiencies[122]. - The net profit for the first half of 2022 was CNY 124,273,120.01, a decrease of 55.9% from CNY 281,936,703.23 in the previous year[176]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 135.44% to approximately ¥333.83 million, compared to ¥141.79 million in the same period last year[19]. - The net cash flow from investing activities worsened by 244.19%, resulting in a net outflow of ¥371,508,037.83, primarily due to increased purchases of financial products[36]. - The company reported a significant increase in user data, with a 10% rise in customer engagement metrics compared to the previous year[190]. - The net cash flow from investing activities was -459,816,511.84 CNY, compared to -172,493,812.32 CNY in the previous period, indicating a significant increase in cash outflow for investments[184]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥8.08 billion, a 1.70% increase from ¥7.94 billion at the end of the previous year[19]. - The company's total liabilities as of June 30, 2022, were CNY 2,335,318,096.12, slightly up from CNY 2,324,908,319.70 at the start of the year[168]. - The total equity attributable to shareholders increased to CNY 5,550,809,698.70 from CNY 5,434,184,833.34, reflecting an increase of approximately 2.1%[168]. - The total liabilities of the company were recorded at 1,839 million yuan, which is crucial for assessing the company's leverage and financial stability[195]. Strategic Initiatives - The company is advancing its project in Malaysia, with expectations to commence trial operations in the fourth quarter[31]. - The company plans to enhance its market competitiveness through overseas investments, particularly in Malaysia, despite potential risks from international political and economic changes[78]. - The company plans to invest in Jiangsu Province to build a production facility with an annual capacity of 2 million tons of packaging paperboard and household paper[130]. - The company aims to enhance its profitability through strategic investments in new technologies and product development[197]. Environmental Commitment - The company holds a unique advantage in environmental protection, with average wastewater discharge per ton of paper significantly below industry standards[34]. - The company is committed to a circular economy model, utilizing recycled paper as a primary raw material, aligning with national policies[34]. - The company has implemented a stable wastewater treatment system with facilities located in both the northern and southern factory areas[87]. - The company has a strong commitment to environmental sustainability, aligning with industry trends towards eco-friendly products[198]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could adversely affect production and operations if economic growth slows[76]. - The company is exposed to raw material price volatility, particularly in waste paper, which has seen significant price increases due to trade tensions and regulatory changes[76]. - The company has established strategic partnerships with multiple suppliers to ensure stable and high-quality raw material supply amid the "ban on waste" policy[78]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The total number of ordinary shareholders at the end of the reporting period was 71,771[140]. - The largest shareholder, Zhu Zailong, holds 14.93% of the shares, totaling 178,200,000 shares[141]. - The company has implemented restrictions on share transfers for departing executives, limiting annual transfers to 25% of their total holdings[139]. Future Outlook - Future guidance estimates a revenue growth of 12% for the full year 2022, driven by increased demand and market expansion[122]. - The management provided a performance guidance for the second half of 2022, expecting a revenue growth of approximately 7%[190]. - The company aims to enhance its product portfolio by launching new paper products tailored to meet market demands in the upcoming quarters[190]. - The company is exploring market expansion opportunities, but no specific strategies were outlined in the report[128].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,459,767,590.73, representing an increase of 11.97% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 33.37% to CNY 77,551,068.98, while the net profit after deducting non-recurring gains and losses fell by 35.76% to CNY 73,342,579.46[4]. - The company's weighted average return on equity was 1.42%, down from 2.42% in the same period last year, reflecting a decline in profitability[4]. - Net profit for Q1 2022 was CNY 84,020,367.81, a decrease of 32.94% from CNY 125,580,728.95 in Q1 2021[23]. - The company's operating profit for Q1 2022 was CNY 83,412,850.01, down 41.19% from CNY 141,902,137.53 in the previous year[23]. - Earnings per share for Q1 2022 was CNY 0.07, compared to CNY 0.10 in Q1 2021[23]. - The company’s total comprehensive income for Q1 2022 was CNY 75,940,041.26, down from CNY 112,278,087.14 in Q1 2021[23]. Cash Flow - The net cash flow from operating activities increased significantly by 335.96% to CNY 103,247,690.22, indicating improved cash generation from core operations[4]. - Cash inflow from operating activities totaled ¥1,631,773,483.06, up from ¥1,247,409,694.64 in the previous period, indicating a growth of approximately 30.8%[25]. - Cash outflow from operating activities increased to ¥1,528,525,792.84 from ¥1,291,166,910.92, reflecting a rise of about 18.4%[25]. - The net cash flow from financing activities improved to ¥37,056,425.45 from -¥46,097,425.08, indicating a positive shift[27]. - The company reported a significant increase in tax refunds received, amounting to ¥88,941,135.38 compared to ¥10,093,046.58 in the previous period, marking an increase of approximately 780.5%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,940,283,181.97, a slight decrease of 0.30% from the previous year-end[5]. - Total liabilities as of Q1 2022 amounted to CNY 2,225,828,083.59, a decrease from CNY 2,324,908,319.70 in the previous year[21]. - Total equity attributable to shareholders of the parent company was CNY 5,503,006,954.21, an increase from CNY 5,434,184,833.34 year-on-year[21]. - Current assets totaled RMB 3.44 billion, down from RMB 3.54 billion at the beginning of the year[19]. - Cash and cash equivalents increased to RMB 1.35 billion from RMB 1.34 billion at the beginning of the year[18]. - Accounts receivable decreased to RMB 531.83 million from RMB 567.68 million[18]. - Inventory decreased to RMB 591.63 million from RMB 638.18 million[18]. - Short-term borrowings increased to RMB 589.74 million from RMB 547.01 million[19]. - Accounts payable increased to RMB 277.65 million from RMB 241.36 million[19]. Operational Developments - The company plans to invest in a project in Jiangsu Province to produce 2 million tons of packaging paper and household paper annually[16]. - The company has established a wholly-owned subsidiary, Jingxing (Jiangsu) Environmental Technology Co., Ltd., with a registered capital of RMB 10 million[16]. - The company is in the process of shutting down Nanjing Jingxing due to poor financial performance, with a severance provision of RMB 11.71 million[16]. - The company reported a significant increase in contract liabilities by 69.82%, primarily due to an increase in advance payments received[10]. Expenses - Total operating costs for Q1 2022 were CNY 1,475,575,185.44, up 25.43% from CNY 1,176,168,520.56 year-on-year[21]. - The company reported a decrease in research and development expenses to CNY 36,606,162.91 from CNY 50,737,870.84 in the previous year[21]. - Financial expenses decreased by 84.56% compared to the previous year, mainly due to reduced interest expenses[11].

Financial Performance - The company's operating revenue for 2021 was CNY 6,224,614,594.70, representing a 27.70% increase compared to CNY 4,874,550,663.87 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 441,121,948.56, up 41.41% from CNY 311,949,833.53 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 439,626,558.95, an increase of 81.31% from CNY 242,475,729.86 in 2020[20]. - The basic earnings per share for 2021 was CNY 0.38, a 35.71% increase from CNY 0.28 in 2020[20]. - The diluted earnings per share for 2021 was CNY 0.31, up 19.23% from CNY 0.26 in 2020[20]. - The company's operating costs rose to CNY 5,296,378,669.43, reflecting a 23.96% increase year-on-year[43]. - The company's comprehensive gross profit margin improved by 2.56% compared to the previous year[43]. - Total sales revenue for the year was approximately ¥5.31 billion, representing a 31.27% increase from the previous year[48]. Cash Flow and Investments - The net cash flow from operating activities decreased by 59.63% to CNY 249,165,915.12 from CNY 617,225,360.23 in 2020[20]. - The company reported a net cash flow of ¥249,165,915.12, down 59.63% year-on-year[83]. - Investment cash inflow increased by 53.25% to ¥864,793,089.73, while investment cash outflow rose by 6.13% to ¥1,338,666,259.36, leading to a net cash flow of -¥473,873,169.63, an improvement of 32.02% from the previous year[84]. - The company has completed a total investment of 85 million yuan in the Shanghai Jinpu Guodiao M&A Equity Investment Fund, participating in various projects[56]. - The company has invested 30 million yuan in the Xuancheng Zhenghai Capital Venture Investment Fund, acquiring a 15% share[55]. Production and Capacity - The company achieved a production volume of 1.4865 million tons of packaging paper, an increase of 14.39% compared to the previous year[48]. - The sales volume of packaging paper reached 1.3909 million tons, reflecting a growth of 12.76% year-on-year[48]. - The life paper division's actual production of life paper raw materials was 51,000 tons, a year-on-year increase of 3.87%[50]. - The company has initiated the construction of a 1.4 million ton project in Malaysia, although progress has been affected by pandemic-related restrictions[53]. - The company is focusing on expanding its production capacity overseas to ensure a stable supply of raw materials, particularly in response to the "waste ban" policy[32]. Research and Development - Research and development expenditure amounted to CNY 236,540,180.79, representing 3.80% of operating revenue, with a year-on-year increase of 38.03%[43]. - The company invested over 200 million yuan in more than 40 R&D projects in 2021, resulting in 21 completed research achievements and 9 patent applications, with 8 patents granted[54]. - The company has established high-level innovation platforms in collaboration with universities, including Nanjing Forestry University and Zhejiang University of Science and Technology[54]. - Research and development expenses rose by 38.03% to ¥236.54 million, primarily due to increased investment in R&D projects[78]. Market and Competition - The domestic paper market is expected to face increased competition in the low-end paper segment, while companies with stable foreign waste raw material supplies will gain market share in high-end products[32]. - The company anticipates that the import volume of finished paper will increase due to a market gap in high-end paper products, despite limited import channels currently[33]. - The company is positioned to benefit from the growing domestic demand for corrugated paper packaging as economic development continues[31]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[58]. Environmental and Compliance - The company has a significant environmental advantage, with an average wastewater discharge of 4-5 tons per ton of paper, well below industry standards[38]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[189]. - The total COD emissions for the company were 244.636 tons per annum, which is below the approved limit of 306.915 tons per annum[189]. - The company has established wastewater treatment facilities in both the northern and southern factory areas, ensuring stable operation[189]. - The company is committed to reducing carbon emissions and has outlined measures in its 2021 Environmental Report[200]. Governance and Management - The company has established a robust governance structure in compliance with relevant laws and regulations, enhancing its governance level[144]. - The company is not engaged in any competition with its controlling shareholder, ensuring operational independence[145]. - The company has a dedicated financial department with an independent accounting system, ensuring financial autonomy[146]. - The company has maintained its management team without any dismissals during the reporting period[151]. - The company is committed to transparency and governance by revising its decision-making processes for related transactions[148]. Future Outlook - Future guidance estimates a revenue growth of 8-10% for 2022, driven by increased demand and market expansion[58]. - The company plans to enhance its product image and marketing channels, focusing on developing functional products in response to market trends, while maintaining partnerships with well-known brands to alleviate sales pressure from increased capacity[133]. - The company plans to launch two new product lines in 2022, targeting the eco-friendly packaging market, which is projected to grow by 25% annually[157]. - The company plans to enhance its training programs in 2022, focusing on talent development and core competitiveness[176].

Financial Performance - The company's revenue for Q3 2021 reached ¥1,664,578,815.70, representing a 24.16% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥96,246,676.07, up 4.45% year-on-year, while the net profit excluding non-recurring gains and losses increased by 8.79% to ¥93,082,173.61[4] - Year-to-date revenue as of the end of Q3 2021 was ¥4,502,245,849.86, reflecting a 29.45% increase compared to the previous year[4] - Year-to-date net profit attributable to shareholders reached ¥361,106,786.24, a significant increase of 77.49% year-on-year[4] - Total operating revenue for the third quarter of 2021 reached CNY 4,502,245,849.86, an increase of 29.4% compared to CNY 3,478,094,889.23 in the same period of 2020[20] - Net profit for the third quarter of 2021 was CNY 381,302,137.91, representing a 78.7% increase from CNY 213,566,369.94 in the same quarter of 2020[21] - The total comprehensive income for the period was CNY 350,060,656.09, compared to CNY 203,850,377.13 in the previous period, representing an increase of approximately 71.5%[22] - Basic earnings per share increased to CNY 0.31 from CNY 0.18, reflecting a growth of 72.2%[22] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥7,637,126,312.85, a 4.74% increase from the end of the previous year[4] - The total assets as of September 30, 2021, were CNY 7,637,126,312.85, an increase from CNY 7,291,734,218.26 at the end of 2020[18] - Total liabilities decreased to CNY 2,118,769,335.84 from CNY 2,375,746,992.16 at the end of 2020, reflecting a reduction of 10.8%[18] - The total equity attributable to shareholders increased to CNY 5,343,891,745.02 from CNY 4,761,717,345.78, marking an increase of 12.2%[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥127,799,068.67, a decrease of 61.58% compared to the previous year[4] - Net cash flow from operating activities was CNY 127,799,068.67, down from CNY 332,658,365.88, indicating a decrease of 61.7%[25] - Cash inflow from operating activities totaled CNY 4,281,758,686.19, compared to CNY 3,492,166,665.30 in the previous period, an increase of 22.6%[25] - Cash outflow from investing activities was CNY 1,016,318,462.12, up from CNY 861,138,952.41, marking an increase of 18.1%[25] - The net cash flow from investing activities was -CNY 413,945,949.79, slightly improved from -CNY 478,036,045.47 in the previous period[25] - The company's cash and cash equivalents decreased to CNY 1,247,534,466.78 from CNY 1,575,613,747.10, a decline of 20.8%[16] - Cash and cash equivalents at the end of the period were CNY 1,226,417,562.08, down from CNY 1,518,012,303.62, a decrease of 19.2%[26] Investments and Projects - The company plans to invest in a project in Jiangsu Province with an annual production capacity of 2 million tons of packaging paperboard and household paper[13] - The company has signed an investment framework agreement with the Jiangsu Province management committee, but the formal investment contract has not yet been signed[13] - The construction progress of the 800,000-ton waste paper pulp project in Malaysia has been affected by pandemic-related restrictions, but efforts are being made to recruit workers to expedite the project[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 76,754[10] - As of September 30, 2021, the company has reduced the balance of convertible bonds to 998.74 million yuan (9,987,429 bonds) after conversion[13] Operational Metrics - Inventory increased by 32.02% compared to the beginning of the year, indicating a rise in stock levels[8] - The company reported a significant increase in accounts receivable, which rose to CNY 480,826,141.29 from CNY 449,527,550.20, an increase of 6.8%[16] - Research and development expenses for the third quarter of 2021 amounted to CNY 174,100,086.87, an increase of 23.0% compared to CNY 141,688,126.64 in the previous year[21] Other Information - The company reported a 100% increase in long-term borrowings, primarily due to loans for the household paper project[8] - Non-recurring gains and losses totaled ¥3,164,502.46 for the current period, with government subsidies contributing ¥1,331,488.43[6] - The weighted average return on equity was 1.84%, a decrease of 0.22% compared to the previous year[4] - The impact of exchange rate changes on cash and cash equivalents decreased by 11.52 times compared to the same period last year, mainly due to the translation of subsidiary financial statements[10] - The net increase in cash and cash equivalents decreased by 1.34 times compared to the same period last year, due to the previous year's convertible bond fundraising and an increase in inventory[10] - Financing activity cash inflow decreased by 72.74% compared to the same period last year, primarily due to funds raised from convertible bonds in the previous year[10] - Net cash flow from financing activities decreased by 1.03 times compared to the same period last year, mainly due to the previous year's convertible bond fundraising[10] - The company did not undergo an audit for the third quarter report[27] - The report was released by the board of directors on October 30, 2021[28]