Financial Performance - The company's operating revenue for 2021 was ¥3,153,044,393.97, a decrease of 21.21% compared to ¥4,001,716,786.57 in 2020[21]. - The net profit attributable to shareholders was ¥16,342,034.00, a significant recovery from a loss of ¥428,744,846.41 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥8,563,963.92, compared to a loss of ¥436,169,419.87 in the previous year[21]. - The company's total assets decreased by 4.92% to ¥4,569,066,424.12 at the end of 2021 from ¥4,805,511,403.76 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 9.80% to ¥2,223,861,566.84 from ¥2,465,427,007.14 in 2020[21]. - The basic earnings per share for 2021 was ¥0.0237, recovering from a loss of ¥0.620 in 2020[21]. - The weighted average return on equity was 0.66%, a recovery from -15.97% in the previous year[21]. - The total revenue for 2021 was CNY 3,153,044,393.97, a decrease of 21.21% compared to the previous year[46]. - The cosmetics segment generated revenue of CNY 1,563,991,278.03, accounting for 49.60% of total revenue, with a year-on-year decline of 5.13%[48]. - Revenue from new materials, candles, and aromatherapy products increased by 45.10% to CNY 919,222,093.70, representing 29.15% of total revenue[48]. - The supply chain segment saw a significant decline in revenue, dropping 61.05% to CNY 669,831,022.24, which accounted for 21.24% of total revenue[48]. - The company achieved a net profit of CNY 5,632.15 million, a substantial increase compared to the previous year, despite a consolidated net loss of CNY 1,758.60 million due to the impact of the pandemic on joint ventures[46]. - The gross margin for the cosmetics segment was 12.92%, down 12.61% year-on-year, while the gross margin for new materials and aromatherapy products was 21.24%[50]. - The overseas revenue increased by 51.72% to CNY 898,643,231.39, while domestic revenue decreased by 33.88% to CNY 2,254,401,162.58[49]. Business Operations - The company operates in the chemical industry, facing risks such as fluctuations in raw material prices and labor shortages[5]. - The company operates in three main business segments: new material candles and aromatherapy, cosmetics, and supply chain, with a stable growth outlook for the candle and aromatherapy market[31]. - The cosmetics industry is experiencing rapid growth in chain specialty stores and e-commerce channels, indicating a shift in consumer behavior towards more specialized retail formats[32]. - In 2021, the retail sales of cosmetics in China reached CNY 402.6 billion, representing a year-on-year growth of 14%[34]. - The Chinese cosmetics market is projected to reach USD 119.9 billion by 2024, with a compound annual growth rate (CAGR) of 13% from 2020 to 2024[34]. - The company has a production capacity of 17.58 million units for craft candles, with a utilization rate of 87.89%[41]. - The average price of wax, a key raw material, increased significantly from CNY 5,857.44 in the first half to CNY 7,264.96 in the second half of 2021[41]. - The company has established a comprehensive cosmetics industry chain, integrating R&D, production, sales, and brand operation[39]. - The company’s subsidiary, Shanghai Yuefeng, focuses on offline direct sales channels, targeting high-growth retail chains like Watsons and Sephora[40]. - The company has developed the "LANCHEN依露" lipstick series, which is now available across various sales channels[40]. - The company is leveraging Tencent's technology to enhance its new retail operations, improving in-store traffic analysis and sales conversion rates[42]. - The company has opened a cross-border e-commerce channel with Jimo Customs, integrating with existing store operations for enhanced customer experience[43]. - The company maintains a strong competitive position as a leading manufacturer of new material candles, recognized as the largest in Asia and among the top globally[42]. Research and Development - R&D expenses increased by 21.37% to ¥39,289,225.58, representing 1.25% of operating revenue[61]. - The number of R&D personnel decreased by 8.62% to 159, with a notable drop in the number of personnel under 30 years old[61]. - The company completed several R&D projects aimed at improving product characteristics and reducing production costs, enhancing its technological advantages[60]. - The company is investing in new technology development, allocating 50 million RMB towards R&D initiatives in the upcoming year[109]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management[4]. - The company emphasizes compliance with governance standards and equal treatment of all shareholders, ensuring that minority shareholders can fully exercise their rights[94]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[95]. - The company held 5 board meetings during the reporting period, with all directors attending and fulfilling their responsibilities diligently[95]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no competition exists[97]. - The company has established an independent financial accounting system and strictly separates its financial operations from those of the controlling shareholder[98]. - The company has a transparent performance evaluation and incentive mechanism linking the compensation of directors and senior management to company performance[95]. - The company has designated specific newspapers and websites for information disclosure, ensuring timely and accurate communication with shareholders[96]. - The company respects and protects the legitimate rights of stakeholders, balancing interests among shareholders, employees, and society[96]. - The company has a complete procurement, production, and sales system, independently managing its supply chain[97]. - The company has not provided guarantees or loans to its controlling shareholder or related parties, maintaining financial independence[98]. - The company held its annual general meeting with a participation rate of 26.73% on May 20, 2021, and a temporary meeting with a participation rate of 33.42% on September 15, 2021[99]. Risk Management - The company has a risk of market and macroeconomic policy fluctuations[5]. - The company faces risks from raw material price fluctuations, particularly in paraffin, which directly impacts profit margins[87]. - The company has established strong cooperative relationships in oil trading, but faces risks from commodity price volatility affecting order fulfillment and inventory levels[88]. - The company has experienced currency exchange losses due to the appreciation of the RMB against the USD, and is taking measures to mitigate this risk[88]. - The domestic cosmetics market is expected to maintain stable growth, but economic cycles and consumer preferences may pose challenges[90]. - The company is committed to improving employee welfare and addressing labor shortages through long-term partnerships with educational institutions[88]. Future Outlook - The company aims to achieve operating revenue exceeding 3.5 billion RMB in 2022, focusing on improving revenue structure and enhancing profitability[83]. - The company is committed to building a "Beauty Economy Industry Circle" platform, integrating self-owned brand development, channel distribution, e-commerce operations, and brand management[79]. - The company plans to strengthen online business layout and terminal retail brand building, exploring various new retail business models centered on user operations[80]. - The company will enhance its supply chain advantages and deepen upstream and downstream cooperation to cover the entire cosmetics industry chain[82]. - The company intends to leverage digital new retail service platforms to support the rise of quality domestic brands while introducing high-quality overseas brands[82]. - The company is focused on developing smart supply chain and retail-related information technologies, utilizing big data and AI to improve operational efficiency[80]. - The company will increase talent investment to attract experienced professionals in supply chain management, retail organization, and data operations[83]. - The company has established a diversified and efficient sales network, becoming one of the largest supply chain service platforms in the Chinese cosmetics industry[79]. - The company will actively develop and introduce exclusive custom brands and support the rise of domestic brands while enhancing the market share of existing brands[82]. - The company plans to optimize brand structure and channel resources, transitioning from product operation to a customer lifecycle-oriented new retail operation model[84]. - The company reported a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[111]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative cosmetic solutions[110]. - Market expansion plans include entering three new provinces, aiming to increase market share by 5% in these regions[111]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 100 million RMB earmarked for potential deals[110]. - A new marketing strategy is being implemented, targeting a 30% increase in brand awareness through digital channels[109]. Employee and Stakeholder Relations - The company employed a total of 2,628 staff members at the end of the reporting period, with 1,260 in sales and 498 in production[123]. - The number of employees receiving salaries during the reporting period was 3,681[123]. - The company has established a competitive salary structure that includes fixed wages, bonuses, and benefits[124]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.6448 million CNY[114]. - The independent directors received an annual allowance of 80,000 CNY each, totaling 240,000 CNY for three independent directors[113]. - The educational background of employees shows that 367 hold a bachelor's degree or higher, while 1,689 have less than a college degree[123]. Internal Control and Compliance - The internal control system covers all business segments related to financial reporting and information disclosure, ensuring effective governance and risk management[130]. - The internal audit department conducts regular audits on the integrity and effectiveness of internal controls, including financial reports and performance forecasts[131]. - The company has established a zero-tolerance policy towards corruption, supported by a comprehensive anti-fraud system[131]. - The total assets of units included in the internal control evaluation report account for 90.51% of the company's consolidated total assets[133]. - The total assets accounted for 91.01% of the consolidated revenue in the financial report[134]. - There were no significant defects identified in the financial report or non-financial report[135]. - The internal control audit report confirmed the effectiveness of financial reporting controls as of December 31, 2021[138]. - The company has recognized and addressed deficiencies related to related party transactions, with all funds returned by the related party[140]. - The company plans to strengthen internal control measures to prevent future related party fund occupation[140]. - The internal control audit report was disclosed on April 30, 2022, with a standard unqualified opinion[140]. - The company aims to enhance internal control supervision mechanisms to promote sustainable development[140]. - The company is committed to maintaining effective internal controls in all material aspects[138]. - The internal control self-assessment report reflects the company's commitment to transparency and compliance[138]. Environmental and Social Responsibility - The company invested over 2 million yuan in environmental protection technology upgrades, achieving significant results in reducing carbon emissions[143]. - The company actively responded to national poverty alleviation initiatives, focusing on education and elderly care in disadvantaged areas[147]. - There were no major safety incidents reported during the reporting period, with effective safety checks and hazard assessments conducted[146].

Financial Performance - The company's operating revenue for Q1 2022 was ¥945,102,543.42, a decrease of 3.82% compared to ¥982,648,270.91 in the same period last year[3] - Net profit attributable to shareholders increased by 48.40% to ¥13,206,542.01 from ¥8,899,062.74 year-on-year[3] - The net profit after deducting non-recurring gains and losses rose by 88.66% to ¥13,019,202.15 compared to ¥6,901,042.72 in the previous year[3] - Basic and diluted earnings per share increased by 46.15% to ¥0.019 from ¥0.013 year-on-year[3] - Net profit for the period was CNY 6,121,838.85, a decline of 16% from CNY 7,284,463.61 in the same period last year[17] - The total comprehensive income attributable to the parent company was CNY 8,985,825.42, compared to a loss of CNY 5,036,338.90 in the previous period, indicating a significant improvement[18] Cash Flow - The net cash flow from operating activities was ¥21,178,842.59, a significant recovery from a negative cash flow of ¥255,005,340.10 in the same period last year[3] - The net cash flow from operating activities was CNY 21,178,842.59, a recovery from a negative cash flow of CNY -255,005,340.10 in the same period last year[20] - Cash received from the sale of goods and services amounted to CNY 1,153,927,408.36, up from CNY 957,231,486.69, reflecting a growth of approximately 20.5%[19] - The total cash outflow from investing activities was CNY 542,552,173.15, a decrease from CNY 1,164,530,290.74, indicating a reduction in investment expenditures[20] - The cash and cash equivalents at the end of the period were CNY 283,218,417.90, down from CNY 375,113,732.70, showing a decline of approximately 24.5%[20] - The net cash flow from financing activities was CNY 94,617,425.29, a decrease from CNY 352,132,072.97, indicating a decline in financing efficiency[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,665,812,659.94, up 2.12% from ¥4,569,066,424.12 at the end of the previous year[3] - The company's total assets increased to CNY 4,665,812,659.94 from CNY 4,569,066,424.12, representing a growth of 2.1%[14] - Current assets totaled CNY 3,452,599,446.74, up from CNY 3,357,883,823.92, indicating an increase of 2.8%[12] - Current liabilities rose to CNY 2,202,934,023.76, compared to CNY 2,105,188,070.05, marking an increase of 4.6%[14] - The company's cash and cash equivalents decreased to CNY 754,454,857.18 from CNY 1,224,722,197.31, a significant drop of 38.4%[12] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 0.40% to ¥2,232,847,392.26 from ¥2,223,861,566.84 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company was CNY 2,232,847,392.26, slightly up from CNY 2,223,861,566.84[14] Expenses - Total operating costs amounted to CNY 966,704,397.10, down from CNY 982,814,008.37, reflecting a reduction of 1.6%[16] - Research and development expenses increased to CNY 7,029,929.36 from CNY 5,562,019.92, reflecting a growth of 26.4%[17] - The company reported a decrease in sales expenses to CNY 39,384,532.36 from CNY 51,146,473.38, a reduction of 23%[17] Other Income - The company received government subsidies amounting to ¥169,304.69 during the reporting period[4] - Interest income for Q1 2022 increased by 233.23% compared to the same period last year, attributed to higher cash balances and interest rates[5] - The company reported a 100% increase in fair value gains due to changes in the fair value of trading financial assets[5]

Financial Performance - The company's revenue for Q3 2021 was ¥845,248,446.24, a decrease of 27.30% compared to the same period last year[3] - The net profit attributable to shareholders for the first three quarters of 2021 was ¥47,833,771.79, with a basic earnings per share of ¥0.0692[3] - Total operating revenue for the period was CNY 2,686,168,906.91, a decrease of 13.9% compared to CNY 3,121,747,779.96 in the previous period[19] - Net profit for the period was CNY 29,382,870.13, a significant recovery from a net loss of CNY 98,098,651.45 in the same period last year[21] - The company reported a comprehensive income total of CNY 9,648,590.40, compared to a comprehensive loss of CNY 114,978,631.71 in the previous year[21] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥5,080,355,659.48, reflecting an increase of 5.72% from the end of the previous year[3] - The company's total assets amount to ¥5,080,355,659.48, up from ¥4,805,511,403.76 at the end of 2020[16] - Total liabilities as of September 30, 2021, are ¥2,307,460,582.50, compared to ¥2,036,953,016.68 at the end of 2020[17] - The total current liabilities stood at 1,873,797,978.78 CNY, reflecting the company's short-term financial obligations[27] - The company’s total non-current liabilities increased to 197,586,099.86 CNY, primarily due to the recognition of lease liabilities[27] Cash Flow - The cash flow from operating activities for the first three quarters was negative at -¥593,176,613.85[3] - Cash flow from operating activities showed a net outflow of CNY 593,176,613.85, worsening from a net outflow of CNY 536,141,190.51 in the prior period[22] - The net cash flow from investing activities was -776,301,866.08 CNY, compared to -357,306,254.20 CNY in the previous year, indicating a significant increase in cash outflow[23] - The cash inflow from financing activities totaled 1,070,911,176.04 CNY, up from 881,909,967.63 CNY year-over-year, while cash outflow from financing activities decreased to 683,373,111.67 CNY from 928,906,159.00 CNY[23] - The net cash flow from financing activities improved to 387,538,064.37 CNY from -46,996,191.37 CNY in the previous year, reflecting a positive shift in financing operations[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,574[12] - The largest shareholder, Qingdao Jinwang International Transportation Co., Ltd., holds 21.41% of shares, totaling 147,898,322 shares, with 134,274,499 shares pledged[12] Investment and Income - The company's investment income increased by 40.57% year-on-year for the first three quarters, attributed to higher short-term investment returns[9] - The company reported investment income of CNY 104,316,688.80, an increase from CNY 74,211,392.38 in the previous period[19] - The company experienced a 62.44% decrease in other income for the first three quarters, mainly due to reduced government subsidies[9] - The company reported a 48.38% decrease in taxes and surcharges for the first three quarters, corresponding to a reduction in revenue[9] Other Financial Metrics - The company’s weighted average return on equity was 0.65% for Q3 2021, down from 1.93% at the end of the previous year[3] - The company has a capital reserve of ¥1,118,156,910.74, unchanged from the previous period[17] - The company's long-term borrowings decreased by 100% as they were reclassified to current liabilities due to upcoming maturity[8] - Research and development expenses increased to CNY 25,434,396.41, up from CNY 20,261,194.64, reflecting a focus on innovation[19] - The company's retained earnings remained stable at 485,240,390.96 CNY, indicating consistent profitability over the reporting period[27]

证券代码：002094 证券简称：青岛金王 公告编号：2021-045 | --- | --- | |-------------------------------------------------------------------------------------------------|-------------| | | | | 青岛金王应用化学股份有限公司关于参加 | 2021 年度 | | 青岛辖区上市公司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。 | | 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，青 岛金王应用化学股份有限公司（以下简称"公司"）将参加由青岛证监局、 青岛市上市公司协会、深圳市全景网络有限公司共同举办的 "2021 年度 青岛辖区上市公司投资者网上集体接待日"活动，现将有关事项公告如 下： 本次集体接待日活动将在深圳市全景网络有限公司提供的平台举 行，投资者可登录"全景·路演天下"（http://rs.p5w.net/），参与本次投 资者集体接待日活动。活动时间为 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,840,920,460.67, a decrease of 6.03% compared to ¥1,959,061,903.05 in the same period last year[20] - The net profit attributable to shareholders was ¥31,613,400.37, a significant recovery from a loss of ¥37,271,939.94 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,966,072.91, compared to a loss of ¥40,656,620.79 in the same period last year[20] - The basic earnings per share for the period was ¥0.0458, recovering from a loss of ¥0.0539 per share in the previous year[20] - The total revenue for the reporting period was ¥1,840,920,460.67, representing a decrease of 6.03% compared to ¥1,959,061,903.05 in the same period last year[35] - The net profit for the first half of 2021 was CNY 26,665,912.44, a significant recovery from a net loss of CNY 61,338,672.29 in the first half of 2020[114] - The total profit for the first half of 2021 was CNY 40,947,874.80, compared to a loss of CNY 62,467,774.20 in the first half of 2020[114] - The company’s total comprehensive income for the first half of 2021 was CNY 8,942,756.71, recovering from a loss of CNY 73,490,748.14 in the previous year[114] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,908,918,313.79, an increase of 2.15% from ¥4,805,511,403.76 at the end of the previous year[20] - The net assets attributable to shareholders at the end of the reporting period were ¥2,479,333,347.16, a slight increase of 0.56% from ¥2,465,427,007.14 at the end of the previous year[20] - The company's total assets included cash and cash equivalents of ¥1,013,457,270.17, which accounted for 20.65% of total assets, down from 29.86%[41] - The total liabilities amounted to CNY 1,712,873,695.24, compared to CNY 1,429,125,224.96, marking an increase of approximately 19.9%[112] - The company's total owner's equity was CNY 3,368,741,861.01, up from CNY 3,340,560,261.45, reflecting a growth of about 0.8%[112] Cash Flow - The net cash flow from operating activities was -¥501,801,168.44, an improvement from -¥559,491,871.55 in the same period last year[20] - The total cash inflow from financing activities was 750,162,017.66 CNY, up from 630,343,576.13 CNY year-over-year[120] - The net cash flow from investing activities was -355,331,805.17 CNY, worsening from -86,980,058.42 CNY in the previous period[119] - The company's cash flow from sales of goods and services was 431,892,941.03 CNY, significantly higher than 262,666,106.26 CNY in the same period last year[122] Revenue Segments - The revenue from the cosmetics segment was ¥756,433,204.47, down 15.31% year-on-year, while the new materials segment saw a significant increase of 78.60% to ¥361,306,568.80[37] - The overseas revenue increased by 79.16% to ¥353,116,540.22, while domestic revenue decreased by 15.56% to ¥1,487,803,920.45[37] Investments and R&D - The company reported a significant increase in investment activities, with total investments amounting to ¥418,985,415.17, a 180.63% increase compared to the previous year[45] - Research and development expenses increased to CNY 15,406,990.74, up 54.1% from CNY 9,957,344.36 in the first half of 2020[113] Operational Strategies - The company has established a complete cosmetics industry chain, focusing on brand operation and integration of online and offline channels[31] - The company is enhancing its supply chain business by leveraging strong bargaining power in raw material procurement and maintaining good relationships with suppliers[28] - The company is actively developing new products to meet diverse customer needs and has increased investment in the intelligent and information-based transformation of production lines[33] - The company is optimizing its brand structure and reducing the number of brands to improve product quality and turnover efficiency[33] Risk Management - The company faces risks from labor shortages in its labor-intensive industry, with rising labor costs being a concern[52] - The company is actively managing foreign exchange risks through cooperation with banks and using financial instruments[52] Shareholder Information - The total number of shares is 690,897,549, with 99.94% being unrestricted shares[90] - The largest shareholder, Qingdao Jinwang International Transportation Co., Ltd., holds 21.41% of the shares, totaling 147,898,322 shares, with 134,274,499 shares pledged[92] Compliance and Governance - The semi-annual financial report has not been audited[70] - The company received a warning letter from the regulatory authority regarding the occupation of funds by related parties[72] - The company has not experienced any bankruptcy reorganization matters during the reporting period[71] Accounting Policies - The financial statements are prepared based on the assumption of going concern, indicating the company has the ability to continue operations for at least 12 months from the reporting date[139] - The company adheres to the accounting policies and estimates in accordance with the relevant accounting standards, particularly regarding revenue recognition and research and development expenditures[140] - The company’s financial reports comply with the requirements of the Chinese Securities Regulatory Commission, ensuring a true and complete reflection of its financial status[141]

Financial Performance - The company's operating revenue for 2020 was ¥4,001,716,786.57, a decrease of 26.91% compared to ¥5,474,978,205.41 in 2019[17] - The net profit attributable to shareholders was -¥428,744,846.41, representing a decline of 2,125.15% from a profit of ¥21,170,966.32 in the previous year[17] - The net cash flow from operating activities was -¥176,002,005.64, a decrease of 252.63% compared to ¥115,309,859.29 in 2019[17] - The total assets at the end of 2020 were ¥4,805,511,403.76, down 13.42% from ¥5,550,500,569.66 at the end of 2019[17] - The net assets attributable to shareholders decreased by 14.98% to ¥2,465,427,007.14 from ¥2,899,671,015.25 in 2019[17] - The basic earnings per share for 2020 was -¥0.620, a decline of 2,166.67% from ¥0.030 in 2019[17] - The weighted average return on net assets was -15.97%, down 16.70% from 0.73% in the previous year[17] - The company reported a significant increase in net loss from non-recurring gains and losses, with a net profit of -¥436,169,419.87 compared to -¥258,030,301.50 in 2019, an increase of 69.03%[17] - The company reported a total revenue of 4,001.72 million CNY in 2020, a decrease of 26.91% compared to the previous year[37] - The operating profit was -632.28 million CNY, down 576.51% year-on-year, while the net profit attributable to shareholders was -428.74 million CNY, a decline of 2125.15%[37] Cash Flow and Investments - The cash flow from operating activities turned positive in Q4 2020, reaching ¥360,139,184.87, after negative cash flows in the first three quarters[22] - Operating cash inflow decreased by 25.84% to ¥4,544,015,718.94, while operating cash outflow decreased by 21.49% to ¥4,720,017,724.58[61][62] - Total investment during the reporting period was ¥363,014,217.50, a decrease of 9.25% from the previous year's investment of ¥399,995,215.07[67] - Cash and cash equivalents decreased by ¥301,804,521.39, representing a decline of 174.21% compared to the previous year[62] Business Operations and Strategy - The company has established a complete cosmetics industry chain, integrating R&D, production, sales, and brand operation[31] - The new materials candle business is primarily focused on overseas markets, with stable demand despite macroeconomic fluctuations[28] - The cosmetics segment has expanded its offline channel operations, establishing a diversified and efficient sales network across major provinces in China[31] - The company has positioned itself as a leading manufacturer in the new materials candle industry, ranking first in Asia and among the top globally[32] - The integration of Tencent's technology in the new retail sector aims to improve offline sales conversion rates and enhance overall operational efficiency[33] - The company is actively expanding its online sales channels, leveraging live streaming and social e-commerce to adapt to changing consumer behaviors[42] - The company aims to enhance its competitive edge by integrating online and offline channels, utilizing big data and AI technologies[38] - The company is focused on building a "Beauty Economy Industry Circle" platform, enhancing its supply chain capabilities in the cosmetics industry[81] - The company aims to leverage big data and AI technology to upgrade its supply chain and retail operations, creating a digital new retail SaaS service platform[81] Market Trends and Consumer Behavior - The cosmetics retail sales in China reached 340 billion CNY in 2020, with a year-on-year growth of 9.5%[43] - The Chinese cosmetics market is projected to reach 119.9 billion USD by 2024, with a compound annual growth rate of 13% from 2020 to 2024[43] - The domestic market is expected to see steady growth in candle demand due to changing consumer behaviors and increased living standards[44] - The company aims to introduce more domestic and overseas quality brands to meet diverse consumer demands while supporting the rise of domestic brands[83] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure and internal control system to ensure fair treatment of all shareholders[126] - The company has maintained a stable leadership structure with key positions held by experienced individuals since its inception[156][157] - The company is focused on maintaining strong corporate governance through the involvement of independent directors[161] - The company has established a transparent performance evaluation and incentive mechanism, linking the compensation of directors and senior management to company and individual performance[181] - The company has independent financial departments and accounting systems, ensuring strict financial supervision and management[181] Risks and Challenges - The company faces risks from raw material price fluctuations, particularly in paraffin, which could impact profitability[88] - The company is exposed to exchange rate risks due to the appreciation of the RMB against the USD, which may lead to foreign exchange losses[89] - The company is currently navigating uncertainties related to the ongoing COVID-19 pandemic, particularly with respect to international cases affecting local markets[90] - The company faced labor shortages in its labor-intensive industry, leading to increased labor costs year by year[90] Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the years 2018, 2019, and 2020, maintaining a 0.00% cash dividend payout ratio[94] - The company has not proposed any cash dividend distribution plans despite having positive profits available for distribution to ordinary shareholders[96] - The total number of shares after the change is 690,897,549, with 99.94% being unrestricted shares[137] - The shareholding structure indicates a significant concentration of ownership, with the top three shareholders holding over 30% of the total shares[143] Audit and Financial Reporting - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly represent the company's financial status as of December 31, 2020[196] - The audit committee held four meetings during the reporting period, ensuring the financial statements were prepared in accordance with accounting standards and fairly reflected the company's financial position and performance[186] - The internal control self-assessment report indicated that 92.23% of total assets and 90.93% of total revenue were included in the evaluation scope[190] - There were no significant internal control deficiencies identified during the reporting period, with zero major or important deficiencies reported in both financial and non-financial areas[191]

Financial Performance - The company's operating revenue for Q1 2021 was ¥982,648,270.91, representing a 19.66% increase compared to ¥821,188,076.71 in the same period last year[7] - The net profit attributable to shareholders was ¥8,899,062.74, a significant recovery from a loss of ¥19,220,839.71 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,901,042.72, compared to a loss of ¥21,339,002.25 in the same period last year[7] - The basic earnings per share for Q1 2021 was ¥0.0130, recovering from a loss of ¥0.0280 per share in the same period last year[7] - The weighted average return on net assets was 0.36%, an improvement of 1.03% compared to -0.67% in the previous year[7] - The total operating revenue for the first quarter of 2021 was CNY 982,648,270.91, representing an increase of 19.7% compared to CNY 821,188,076.71 in the same period last year[37] - The net profit for Q1 2021 was CNY 7.28 million, a significant recovery from a net loss of CNY 32.43 million in Q1 2020[39] - The company reported a gross profit margin of approximately 11.6% in Q1 2021, compared to a negative margin in the previous year[38] - The total comprehensive income for Q1 2021 was CNY -6.63 million, an improvement from CNY -47.63 million in Q1 2020[39] Assets and Liabilities - The company's total assets increased by 5.83% to ¥5,085,835,436.86 from ¥4,805,511,403.76 at the end of the previous year[7] - As of March 31, 2021, total current assets were ¥3,801,137,706.13, an increase from ¥3,541,794,402.61 as of December 31, 2020[29] - Current liabilities rose to CNY 2,136,982,715.34, compared to CNY 1,873,797,978.78, indicating an increase of about 14.1%[31] - The total non-current liabilities amounted to CNY 186,624,661.17, up from CNY 163,155,037.90, which is an increase of approximately 14.4%[31] - The total equity attributable to shareholders of the parent company was CNY 2,460,382,869.30, slightly down from CNY 2,465,427,007.14, showing a decrease of about 0.2%[32] - Total liabilities reached CNY 2,036,953,016.68, with current liabilities at CNY 1,873,797,978.78 and non-current liabilities at CNY 163,155,037.90[53] Cash Flow - The company reported a net cash flow from operating activities of -¥255,005,340.10, slightly worse than -¥231,299,318.25 in the same period last year[7] - Cash inflows from operating activities totaled CNY 984.97 million in Q1 2021, compared to CNY 936.58 million in Q1 2020, showing a positive cash flow trend[45] - The net cash flow from operating activities was -291,473,876.90 CNY, worsening from -61,876,673.22 CNY in the previous period, highlighting operational challenges[49] - Cash inflow from investment activities totaled 122,335,197.30 CNY, while cash outflow was 1,164,530,290.74 CNY, resulting in a net cash flow from investment activities of -1,042,195,093.44 CNY[46] - The net cash flow from financing activities was 352,132,072.97 CNY, a significant increase from 65,352,280.40 CNY in the previous period, reflecting improved financing conditions[47] Investment and Expenses - Investment income for Q1 2021 decreased by 37.21% compared to the same period last year, mainly due to a decline in net profit from associated companies[13] - Research and development expenses increased to CNY 5.56 million in Q1 2021, up from CNY 4.90 million in Q1 2020, indicating a focus on innovation[38] - In Q1 2021, cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 453.49% compared to Q1 2020, primarily due to the purchase of fixed assets[15] - The company reported an investment loss of CNY 0.83 million in Q1 2021, a decrease from a profit of CNY 8.61 million in the same period last year[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,330, with the largest shareholder holding 21.41% of the shares[9] - The company reported no overdue commitments or violations regarding external guarantees during the reporting period[22] Other Financial Metrics - The company experienced a 92.45% increase in notes payable compared to the end of 2020, primarily due to the use of acceptance bills for payment[13] - In Q1 2021, asset impairment losses decreased by 76.94% compared to Q1 2020, primarily due to a reduction in inventory impairment provisions[14] - In Q1 2021, asset disposal gains increased by 100.00% compared to Q1 2020, as there were no related transactions in the same period last year[14] - In Q1 2021, income tax expenses rose by 1886.20% compared to Q1 2020, attributed to an increase in total revenue and profit, leading to a higher taxable income[14] - The company reported a decrease in other comprehensive income to CNY 7,068,767.75 from CNY 21,004,169.39, a decline of about 66.5%[32] Audit Status - The first quarter report was not audited, indicating a preliminary financial assessment[58]

Financial Performance - Net profit attributable to shareholders was -¥11,430,028.54, representing a decline of 163.57% year-on-year[7]. - Operating revenue for the reporting period was ¥1,162,685,876.91, down 20.03% compared to the same period last year[7]. - Basic earnings per share were -¥0.020, reflecting a decline of 200.00% compared to the same period last year[7]. - The weighted average return on net assets was -1.54%, a decrease of 450.00% year-on-year[7]. - For the first nine months of 2020, net profit decreased by 131.18% compared to the same period in 2019, mainly due to investment income from the disposal of subsidiaries in the previous year[18]. - The net profit for Q3 2020 was a loss of CNY 36,759,979.16, compared to a profit of CNY 22,569,796.91 in the previous year[43]. - The net profit for Q3 2020 reached ¥34,481,933.84, representing a significant increase of 65.9% from ¥20,790,412.10 in Q3 2019[45]. - The total profit for Q3 2020 was ¥39,221,269.05, an increase of 69.6% compared to ¥23,133,107.00 in Q3 2019[45]. - The company reported a total comprehensive income of CNY 28,487,460.05 for the quarter, compared to CNY 447,338,974.08 in the same quarter last year[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,314,093,485.79, a decrease of 4.26% compared to the end of the previous year[7]. - As of September 30, 2020, cash and cash equivalents decreased by 50.34% compared to December 31, 2019, primarily due to payments for goods[15]. - The company's current assets decreased to CNY 3,979,493,049.30 from CNY 4,184,595,106.80, representing a reduction of about 4.89%[33]. - The total liabilities decreased to CNY 2,057,288,450.47 from CNY 2,158,406,902.63, reflecting a decline of about 4.68%[35]. - The company's equity attributable to shareholders decreased from CNY 2,899,671,015.25 to CNY 2,834,227,257.45, a decrease of approximately 2.26%[36]. - The total assets of Qingdao Kingking Applied Chemistry Co., Ltd. amounted to CNY 5,314,093,485.79, a decrease from CNY 5,550,500,569.66 at the end of 2019, reflecting a decline of approximately 4.26%[36]. - The total liabilities amounted to 2,158,406,902.63 CNY, with current liabilities at 2,076,310,928.49 CNY[64]. - Current liabilities totaled CNY 1,276,610,918.99, down from CNY 1,467,278,346.54, indicating a reduction of 12.99%[39]. Cash Flow - The net cash flow from operating activities was ¥23,350,681.04, a decrease of 115.84% year-on-year[7]. - Cash flow from operating activities showed a net outflow of CNY -536,141,190.51, slightly worse than the previous year's outflow of CNY -530,739,493.68[55]. - The cash flow from financing activities showed a net outflow of CNY -46,996,191.37, an improvement from the previous year's outflow of CNY -592,676,586.93[57]. - The net cash flow from operating activities was -184,471,147.65 CNY, an improvement from -197,809,698.60 CNY in the previous year[60]. - The company reported a significant decrease in tax payments, totaling 32,721,143.92 CNY, compared to 73,155,551.38 CNY in the previous year[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,071[11]. - The largest shareholder, Qingdao Kingwang International Transportation Co., Ltd., held 21.41% of the shares, with 134,274,499 shares pledged[11]. Expenses - The company reported a 31.34% decrease in selling expenses for the first nine months of 2020 compared to the same period in 2019, primarily due to a reduction in the scope of consolidation following the disposal of a subsidiary[15]. - Research and development expenses increased to CNY 10,303,850.28, up from CNY 7,783,356.29, representing a growth of 32.0% year-on-year[42]. - The company's operating costs for Q3 2020 were ¥237,778,441.97, an increase of 5.5% from ¥225,523,968.72 in the same period last year[45]. - The company experienced a decrease in sales expenses, which were ¥7,780,058.10, down 16.5% from ¥9,315,932.41 in Q3 2019[45]. Other Financial Metrics - The company reported a total non-recurring gains and losses of ¥10,477,935.02 for the year-to-date[8]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The company reported an investment income of CNY 22,854,617.61, which is an increase from CNY 16,143,148.69 in the previous year[42]. - The investment income for Q3 2020 was ¥4,570,120.89, a decrease of 39.9% from ¥7,602,371.78 in the previous year[45]. - The company incurred a tax expense of ¥4,739,335.21 for Q3 2020, which is an increase of 102.0% compared to ¥2,342,694.90 in Q3 2019[45].

证券代码：002094 证券简称：青岛金王 公告编号：2020-051 青岛金王应用化学股份有限公司 关于参加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。 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，青 岛金王应用化学股份有限公司（以下简称"公司"）将参加由青岛证监局、 青岛市上市公司协会、上证所信息网络有限公司共同举办的"2020 年青 岛辖区上市公司投资者网上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台举 行，投资者可以登录"上证路演中心"网站（http://roadshow.sseinfo.com） 或关注微信公众号：上证路演中心，参与公司本次投资者集体接待日活 动，活动时间为 2020 年 9 月 25 日（星期五）下午 15:00 至 17:00。届 时公司董事、副总裁兼董事会秘书杜心强先生、财务总监王彬先生、证 券事务代表齐书彬先生将通过网络在线交流形式与投资者就公司治理、 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注 的问题进行沟通 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,959,061,903.05, a decrease of 25.95% compared to ¥2,645,430,314.04 in the same period last year[18]. - The net profit attributable to shareholders was -¥37,271,939.94, representing a decline of 113.27% from ¥280,953,267.94 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥40,656,620.79, a decrease of 206.24% compared to ¥38,267,510.37 in the same period last year[18]. - The basic earnings per share were -¥0.05, down 112.20% from ¥0.41 in the previous year[18]. - The company's operating loss for the first half of 2020 was CNY -63.76 million, a decline of 116.50% compared to the previous year[32]. - The company reported a net loss of CNY 61,338,672.29 for the first half of 2020, compared to a profit of CNY 292,038,268.81 in the same period of 2019[136]. - The net cash flow from operating activities was -¥559,491,871.55, compared to -¥383,328,477.00 in the same period last year[18]. - The company reported a projected net loss of between 50 million to 25 million yuan for the period from January to September 2020, representing a decrease of 117.80% to 108.90% compared to the same period last year[66]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,414,247,099.49, a decrease of 2.45% from ¥5,550,500,569.66 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,850,176,805.87, down 1.71% from ¥2,899,671,015.25 at the end of the previous year[18]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,001,062,380.30, representing 18.49% of total assets, a decrease of 1.65% compared to the previous year[45]. - Accounts receivable reached ¥737,502,478.57, accounting for 13.62% of total assets, an increase of 0.90% year-on-year[45]. - Inventory decreased to ¥906,337,658.83, which is 16.74% of total assets, down by 3.45% from the same period last year[45]. - Short-term borrowings increased significantly to ¥955,845,000.00, representing 17.65% of total assets, an increase of 5.94% compared to the previous year[45]. - The total liabilities at the end of the reporting period were CNY 1,129,000,000.00, indicating a manageable debt level relative to equity[156]. Revenue Segmentation - The cosmetics segment generated revenue of approximately ¥893 million, accounting for 45.59% of total revenue, down 37.02% year-on-year[41]. - The new materials candle and related products segment reported revenue of approximately ¥202 million, a slight decrease of 0.23% year-on-year, with a gross margin of 23.65%[41][42]. - The supply chain segment contributed approximately ¥864 million, representing 44.08% of total revenue, down 15.70% year-on-year[41]. Investment and R&D - Research and development investment decreased by 25.08% to approximately ¥9.96 million from ¥13.29 million[40]. - The company has established a strong product cluster with independent intellectual property rights in the candle industry, enhancing its competitive advantage[35]. - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[152]. Market and Operational Strategy - The company is focusing on digital transformation and new retail strategies, leveraging technologies such as big data and artificial intelligence to enhance supply chain efficiency[32]. - The company has integrated offline channel resources to create a diversified and efficient omnichannel layout[34]. - The cosmetics industry in China is expected to grow at a compound annual growth rate of 13% from 2020 to 2024, reaching a market size of $119.9 billion by 2024[37]. Risks and Challenges - The company acknowledges risks related to commodity price fluctuations, exchange rate volatility, labor shortages, and macroeconomic policies[4]. - The company faces risks from fluctuations in raw material prices, particularly paraffin, which directly impacts profit margins[67]. - Labor shortages in the labor-intensive industry have led to increased labor costs, which the company is addressing through long-term partnerships with schools[68]. - The COVID-19 pandemic has affected downstream clients, leading to uncertainties in recovery and potential order cancellations from overseas clients[69]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 33,183[106]. - The largest shareholder, Qingdao Jinwang International Transportation Co., Ltd., holds 21.41% of the shares, totaling 147,898,322 shares[106]. - The total number of shares outstanding is 690,897,549, with 96.17% being unrestricted shares[104]. Corporate Governance and Compliance - The company has not engaged in any major asset or equity sales during the reporting period[63][64]. - There were no significant legal disputes or regulatory penalties during the reporting period[78][79]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[80]. Social Responsibility - The company actively responded to national poverty alleviation initiatives, focusing on education and elderly care[98]. - The company provided teaching equipment to Qiao'erbu Primary School to enhance educational quality during the first half of 2020[98]. - The company plans to continue providing financial and technical support in education and elderly care in impoverished areas[99].