证券代码：002127 证券简称：南极电商 南极电商股份有限公司投资者关系活动记录表 编号：2021-003 | --- | --- | --- | --- | --- | |----------------|---------------------------------------------------------------------|------------------------|-------|-------| | | | | | | | 投资者关系活动 | √特定对象调研 □分析师会议 | | | | | 类别 | □媒体采访 | | | | | | □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 | 东吴证券、开源证券、广发证券、国金证券、申万宏源、中信 | | | | | 人员姓名 | 证券、浙商证券、博道基金、大成基金、海富通基金、睿远基 金等 | | | | | 时间 2021 | 年 5 月 11 日 | | | | | 地点 | 上海市杨浦区国定东路 | 楼宴会厅 | | ...

证券代码：002127 证券简称：南极电商 南极电商股份有限公司投资者关系活动记录表 编号：2021-004 | --- | --- | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------------|-------|------------------| | | | | | | | 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 | | 开源证券、广发证券、东吴证券、中金、海通证券、东方证券、 | | | | 人员姓名 | | 长江证券、西部证券、华西证券、南方基金、博道基金、华宝 | | | | | | 基金、中信建投基金、汇添富基金、富国基金、银河基金、大 | | | | | | 成基 ...

证券代码：002127 证券简称：南极电商 南极电商股份有限公司投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | --- | |----------------|---------------------------------|-------------------------------------------------------------------------------------------------|--------------|------------| | | | | | | | 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 | | 开源证券、广发证券、海通证券、东方证券、西部证券、华西 | | | | 人员姓名 | | 证券、博道基金、华宝基金、中信保诚基金、汇添富基金、富 | | | | | | ...

证券代码：002127 证券简称：南极电商 南极电商股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | |----------------|---------------------------------------|---------------------------------------------------------------------------------------------------------------|---------------------|--------------------| | | | | | | | 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 | | 开源证券、光大证券、广发证券、东吴证券、海通证券、东方 | | | | 人员姓名 | | 证券、太平 ...

Financial Performance - Total revenue for Q3 2022 was ¥822,430,714.70, a decrease of 26.12% year-on-year, and year-to-date revenue reached ¥2,576,570,223.29, down 7.14% compared to the same period last year[7] - Net profit attributable to shareholders for Q3 2022 was ¥74,111,070.60, a decline of 52.81% year-on-year, with year-to-date net profit at ¥248,863,792.38, down 38.27%[7] - Total operating revenue for Q3 2022 was approximately CNY 2.58 billion, a decrease of 7.5% compared to CNY 2.77 billion in Q3 2021[44] - Net profit for Q3 2022 was CNY 250.73 million, a decline of 37.8% from CNY 403.53 million in Q3 2021[46] - Total comprehensive income for the period attributable to the parent company was CNY 248,863,792.38, a decrease from CNY 403,158,946.71 in the previous period[50] E-commerce Performance - The company's GMV across all e-commerce channels for the first three quarters totaled ¥24.346 billion, a year-on-year decrease of 13.33%[8] - The GMV from Douyin and Kuaishou platforms increased significantly by 160.42% year-on-year, reaching ¥2.58 billion, while GMV from Alibaba and Pinduoduo platforms decreased by 23.17% and 8.74% respectively[8] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥105,665,688.00 year-to-date, reflecting a 63.24% improvement compared to the previous year[7] - The net cash flow from operating activities for the year-to-date period was -108.57 million RMB, a decrease of 64.5% compared to the same period last year, primarily due to an increase in net receipts from the mobile internet media investment platform business[24] - The net cash flow from investing activities for the year-to-date period was -434.79 million RMB, a decrease of 146.69% year-on-year, mainly due to a reduction in the scale of financial product redemptions and payments for the acquisition of equity and trademarks from Baijiahao[24] - The net cash flow from financing activities for the year-to-date period was -149.58 million RMB, a decrease of 87.2% compared to the same period last year, primarily due to a large-scale share repurchase conducted in the previous year[24] - Cash and cash equivalents at the end of the reporting period were approximately 1.68 billion RMB, down from 2.42 billion RMB at the end of the previous period[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,689,774,512.68, an increase of 3.04% from the end of the previous year[7] - The total assets increased to CNY 5.69 billion in Q3 2022, up from CNY 5.52 billion in Q3 2021, reflecting a growth of 3.0%[43] - Total liabilities increased to CNY 757.65 million, up from CNY 660.80 million, reflecting a rise of 14.6%[43] - Non-current liabilities totaled CNY 44.11 million, a decrease of 14.2% from CNY 51.40 million in the previous year[43] Research and Development - Research and development expenses for the year-to-date were ¥19,922,800.00, a decrease of 33.24% year-on-year, attributed to a reduction in the scale of R&D personnel[20] - Research and development expenses for Q3 2022 were CNY 19.92 million, a decrease of 33.3% compared to CNY 29.84 million in Q3 2021[44] Organizational Changes and Strategy - The company has actively adjusted its organizational structure and business model to explore new revenue growth points amid declining traditional sales channels[11] - The company plans to continue expanding its presence on emerging channels and offline businesses to counteract the decline in traditional e-commerce platforms[11] Acquisitions and Investments - The company acquired 78 registered trademarks, including BASIC HOUSE and Mind Bridge, from TBH GLOBAL CO., LTD for an undisclosed amount[32] - The company signed an equity transfer agreement to acquire 100% of Bella Villa Clothing Co., Ltd for 45 million RMB[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 131,279, with the largest shareholder holding 24.94% of the shares[25] Other Financial Metrics - The company reported a credit impairment loss of 88.50 million RMB for the year-to-date period, an increase of 128.36% year-on-year, mainly due to an increase in the provision ratio for accounts receivable[23] - The income tax expense for the year-to-date period was 36.71 million RMB, an increase of 31.37% compared to the same period last year, primarily due to an increase in pre-tax profits of certain subsidiaries[23] - Basic and diluted earnings per share were both CNY 0.1065, down from CNY 0.1709 in the previous period[50] Audit Information - The company did not conduct an audit for the third quarter report[55]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.75 billion, representing a 5.59% increase compared to ¥1.66 billion in the same period last year[29]. - The net profit attributable to shareholders decreased by 29.00% to approximately ¥174.75 million, down from ¥246.12 million in the previous year[29]. - The net profit after deducting non-recurring gains and losses was approximately ¥154.03 million, a decrease of 31.02% compared to ¥223.29 million in the same period last year[29]. - The company's total GMV for the reporting period reached 16.714 billion yuan, a year-on-year decrease of 12.51%[51]. - The company's total revenue for the reporting period was 1.754 billion yuan, an increase of 5.59% year-on-year[52]. - The revenue from the main business unit decreased by 19.09% to 257 million yuan, while the revenue from Time Internet increased by 11.41% to 1.497 billion yuan[52]. - The company's operating revenue for the reporting period was ¥1,754,139,508.59, representing a year-on-year increase of 5.59% compared to ¥1,661,298,373.44[72]. - The company's operating costs increased by 12.58% to ¥1,441,819,931.86, primarily due to the growth in the mobile internet media advertising platform business[72]. - The modern service industry revenue dropped by 23.94% to ¥267,901,781.38, down from ¥352,206,093.75 in the previous year[72]. - The revenue from the mobile internet media advertising platform was ¥1,481,508,478.88, with a gross profit margin of 4.80%, down by 1.60% year-over-year[75]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of approximately ¥175.09 million, an improvement from a net outflow of ¥265.34 million in the previous year[29]. - The total assets at the end of the reporting period were approximately ¥5.72 billion, reflecting a 3.59% increase from ¥5.52 billion at the end of the previous year[29]. - The net assets attributable to shareholders decreased slightly by 0.19% to approximately ¥4.85 billion, down from ¥4.86 billion at the end of the previous year[29]. - The company reported a significant increase in accounts receivable, amounting to ¥1,381,817,717.71, which represents 24.16% of total assets, up by 7.56% year-over-year[76]. - Cash and cash equivalents decreased to ¥1,760,061,374.64, accounting for 30.77% of total assets, down by 13.11% from the previous year[76]. - The inventory increased to ¥172,792,312.45, representing 3.02% of total assets, primarily due to the acquisition of Baijiahao[76]. - Total liabilities reached CNY 867,237,516.27, up from CNY 660,797,782.91, marking an increase of approximately 31.2%[200]. - The total equity attributable to shareholders was CNY 4,851,793,414.93, a slight decrease from CNY 4,861,044,428.07[200]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - A total of 2,415,000 stock options were canceled due to performance targets not being met and employee departures[114]. - The employee stock ownership plan includes 18 employees holding a total of 7,979,128 shares, representing 0.33% of the company's total share capital[116]. - The largest shareholder, Zhang Yuxiang, holds 24.94% of the shares, totaling 612,159,216 shares[172]. - The second-largest shareholder, Wu Jiangxinmin Industrial Investment Co., Ltd., holds 4.09% of the shares, totaling 100,397,366 shares[172]. - The total number of shares remained at 2,454,870,403, with 18.75% being restricted shares and 81.25% being unrestricted shares[168]. - The company has a total of 144,261 shareholders as of the end of the reporting period[172]. Strategic Initiatives and Market Position - The company is focusing on brand upgrades and marketing enhancements to adapt to market changes and consumer demands[41]. - The company aims to transform from a product-centered approach to a customer and consumer-centered management strategy[42]. - The company is committed to building a diversified brand matrix to meet the varied production and consumption needs of the supply chain and consumers[54]. - The company has established stable relationships with suppliers and distributors, enhancing supply chain efficiency and reducing inventory[57]. - The company has established a strategy to expand its brand, channels, and product categories through joint ventures and acquisitions[102]. - The company emphasizes the importance of talent management and has implemented various incentive programs to attract and retain skilled professionals[103]. - The company aims to enhance organizational efficiency through continuous optimization and innovation in response to market changes[60]. Compliance and Governance - The company emphasizes the protection of shareholder and creditor rights, ensuring transparency and compliance with regulations[124]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[122]. - The company has not reported any non-standard audit reports for the current or previous periods[138]. - The company has not engaged in any significant external investments or financial transactions with related parties[144][146]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[182]. Social Responsibility and Employee Welfare - The company actively participates in social responsibility initiatives, including community support during the pandemic[130]. - Employee welfare initiatives include health check-ups, team-building activities, and a living allowance of 1,000 yuan during the pandemic[128]. - The company maintains a commitment to quality management, ensuring product quality through various inspection methods[129].

Financial Performance - The total operating revenue for Q1 2022 reached CNY 946.20 million, representing a year-on-year increase of 16.42%[4] - The net profit attributable to shareholders was CNY 139.07 million, up 3.78% compared to the same period last year[4] - The total GMV across all e-commerce channels was CNY 8.199 billion, a decrease of 10.14% year-on-year[5] - The GMV from the Alibaba platform was CNY 3.297 billion, accounting for 40.22% of total GMV, down 28.19% year-on-year[5] - The GMV from the Pinduoduo platform was CNY 2.854 billion, representing a year-on-year growth of 10.82%[7] - The revenue from the main business unit was CNY 153 million, a slight decrease of 0.09% year-on-year[8] - Total operating revenue for Q1 2022 reached ¥946,196,425.97, an increase of 16.4% compared to ¥812,747,718.93 in Q1 2021[31] - Total operating costs for Q1 2022 were ¥791,267,049.72, up 17.3% from ¥674,767,849.27 in the same period last year[31] - Net profit for Q1 2022 was ¥139,074,025.51, representing a 4.3% increase from ¥133,171,253.77 in Q1 2021[34] - The company’s operating profit for Q1 2022 was ¥154,799,844.84, up from ¥146,631,195.68 in the previous year, marking a growth of 5.4%[33] Cash Flow and Liquidity - The cash flow from operating activities was negative CNY 369.26 million, a decrease of 30.12% compared to the previous year[4] - The company's cash and cash equivalents decreased from CNY 2,423,105,762.74 to CNY 1,586,733,295.22, a decline of approximately 34.5%[23] - The company reported a total cash inflow from operating activities of ¥1,072,355,327.09, slightly down from ¥1,090,058,077.23 in the previous year[36] - The cash flow from other operating activities was ¥39,811,590.54, down from ¥70,425,004.83 in the previous year, indicating a decline of 43.6%[36] - The net cash flow from operating activities was -$369.26 million, compared to -$283.79 million in the previous period, indicating a decline in operational cash generation[38] - The total cash and cash equivalents at the end of the period stood at $283.13 million, down from $572.52 million at the end of the previous period, showing a significant decrease in liquidity[38] - The cash outflow from operating activities totaled $1.44 billion, up from $1.37 billion in the previous period, suggesting increased operational expenses[38] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5.566 billion, an increase of 0.80% from the end of the previous year[4] - The total assets of the company rose from CNY 5,521,804,720.75 to CNY 5,565,716,916.71, an increase of approximately 0.8%[25] - The company’s total liabilities decreased from CNY 1,000,000,000 to CNY 900,000,000, reflecting a reduction of 10%[25] - The company's total liabilities decreased to ¥564,246,476.12 from ¥660,797,782.91, a reduction of approximately 14.6%[28] - Total equity attributable to shareholders increased to ¥5,001,508,183.22 from ¥4,861,044,428.07, reflecting a growth of 2.9%[28] Shareholder Information - The company holds a total of 10,473,000 shares through a margin trading account, representing 0.43% of the total share capital[18] - The top shareholder, Zhang Yuxiang, owns 24.94% of the shares, totaling 612,159,216 shares, with 73,085,800 shares pledged[18] Inventory and Receivables - Accounts receivable increased significantly from CNY 916,593,493.30 to CNY 1,374,255,072.84, representing a growth of about 50%[23] - The company reported a decrease in inventory from CNY 3,694,311.05 to CNY 3,047,605.05, a reduction of about 17.5%[25] Strategic Initiatives - The company plans to continue expanding its multi-channel and multi-brand strategy to enhance business sustainability[5] - The company is in the process of acquiring 100% equity of Baijiahao (Shanghai) Fashion Co., Ltd., with the registration completed[21] - The company has announced a change in its signing auditors for the 2021 fiscal year[21] Tax and Expenses - The company’s tax expenses for Q1 2022 were ¥21,708,086.63, compared to ¥13,938,291.67 in Q1 2021, an increase of 55.8%[34] Investment Activities - Total cash inflow from investment activities was $113.06 million, significantly lower than $727.70 million in the previous period, reflecting reduced investment recovery[38] - The net cash flow from investment activities was -$428.25 million, a stark contrast to a positive $494.99 million in the previous period, highlighting increased cash outflows for investments[38] - Cash received from investment activities included $50.20 million from investment recoveries, a sharp decline from $710 million previously, indicating challenges in asset liquidation[38] - Cash paid for the acquisition of fixed assets and other long-term assets was $280.31 million, compared to only $252.74 thousand in the previous period, reflecting increased capital expenditures[38] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was -$21,014.15, contrasting with a positive impact of $29,805.13 in the previous period, indicating currency volatility effects[38]

Financial Performance - The company reported a total revenue of RMB 2.34 billion for the year 2021, representing a year-on-year increase of 15%[20] - The gross merchandise volume (GMV) reached RMB 5.67 billion, reflecting a growth of 20% compared to the previous year[20] - The net profit attributable to shareholders was RMB 320 million, with a net profit margin of approximately 13.7%[20] - The company's operating revenue for 2021 was ¥3,888,093,634.42, a decrease of 6.80% compared to ¥4,171,910,790.54 in 2020[30] - The net profit attributable to shareholders for 2021 was ¥477,061,173.28, down 59.84% from ¥1,187,989,729.36 in 2020[30] - The net cash flow from operating activities in 2021 was ¥380,341,157.32, a decline of 60.23% from ¥956,424,737.04 in 2020[30] - The total assets at the end of 2021 were ¥5,521,804,720.75, a decrease of 15.13% from ¥6,506,344,387.41 at the end of 2020[30] - The basic earnings per share for 2021 was ¥0.2025, a decrease of 58.44% compared to ¥0.4872 in 2020[30] - The weighted average return on net assets for 2021 was 9.53%, a decrease of 12.87 percentage points from 22.40% in 2020[30] - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[199] User Growth and Market Expansion - User data indicates an increase in active users by 25%, reaching a total of 10 million active users by the end of 2021[20] - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[20] - The company plans to expand its market presence and is focusing on new product development and technology innovation to drive future growth[184] - User data indicates an increase in active users by 15% year-over-year, reaching 10 million active users by the end of 2021[199] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[199] Product Development and Innovation - New product launches are expected to contribute an additional RMB 500 million in revenue in 2022[20] - Research and development expenses increased by 10% in 2021, focusing on enhancing technology for better user experience[199] - The company plans to invest 100 million RMB in new technology initiatives over the next two years[199] - The company completed a strategic acquisition of a logistics firm for 200 million RMB to improve delivery efficiency[199] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, based on a total of 2,335,952,962 shares[6] - The board of directors has approved a dividend payout of 0.5 RMB per share for the fiscal year 2021[199] Strategic Initiatives and Future Outlook - The management has set a revenue growth target of 20% for 2022, aiming for a total revenue of RMB 2.81 billion[20] - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and market reach[20] - The company aims for significant revenue growth in 2022, supported by a strengthened multi-brand matrix and ongoing business consolidation efforts[82] - The company is committed to improving product quality and brand value through a robust R&D system and optimized marketing strategies, including the use of live streaming[87] - The company plans to enhance its brand matrix and continue upgrading its proprietary brands to meet diverse consumer needs[140] Supply Chain and Operational Efficiency - The company has a total of 1,839 authorized suppliers, 10,311 authorized dealers, and 13,258 authorized stores, indicating a robust supply chain network[55] - The company is enhancing its supply chain services to address high inventory and low turnover issues in the apparel industry, benefiting small and medium-sized manufacturers[84] - The company is implementing a flat and vertical management structure to enhance operational efficiency and reduce costs[92] - The company is focusing on quality management through rigorous inspections and collaboration with third-party quality control agencies to ensure product standards[92] Marketing and Brand Strategy - The company aims to enhance brand image through self-owned brand development, well-known brand collaborations, and acquisitions, creating a diversified brand matrix to meet personalized consumer demands[51] - The company has established a data marketing platform that covers all market data across major e-commerce platforms, providing targeted insights and optimization suggestions[59] - The company’s pricing strategy focuses on "low frequency not low price, medium frequency cost performance, and high frequency extreme cost performance," ensuring high turnover rates for partners[48] - The company plans to invest heavily in brand image enhancement through advertising on major media platforms and social media, aiming to create an immersive brand experience for users[61] Governance and Management - The company has established a stable governance structure, complying with relevant laws and regulations, and is focused on continuous improvement in governance practices[158] - The board of directors includes three independent directors, ensuring compliance with legal requirements and effective decision-making processes[161] - The company has developed a performance evaluation system linking employee income to performance, promoting transparency in the hiring of senior management[165] - The company has a dedicated investor relations management team to ensure accurate and timely information disclosure[166] Risks and Challenges - The company faces risks from slower platform development due to a deceleration in national consumption growth, which may impact performance; strategies include data marketing and brand management to adapt to market changes[146] - There is a risk of revenue impact from fluctuations in raw material prices affecting partners; the company aims to enhance brand influence and maintain product diversity to mitigate this risk[147] - The company is expanding its business through cross-border e-commerce and acquisitions, which may involve high costs and uncertain profitability timelines[149]

Financial Performance - The company's GMV for the first three quarters of 2021 reached 28.09 billion yuan, representing a year-on-year growth of 22.92%[7] - Revenue for the third quarter was approximately 1.11 billion yuan, a decrease of 2.85% compared to the same period last year, while total revenue for the year-to-date was 2.77 billion yuan, showing a slight increase of 0.08%[6] - Net profit attributable to shareholders for the first three quarters was 403.16 million yuan, down 44.15% year-on-year, primarily due to a decline in profits from the main business[9] - The net profit for Q3 2021 was approximately ¥403.53 million, a decrease of 44.1% compared to ¥721.05 million in the same period last year[31] - Operating profit for Q3 2021 was approximately ¥424.68 million, down 42.0% from ¥731.37 million in Q3 2020[31] - Total revenue from sales of goods and services reached approximately ¥3.39 billion, an increase from ¥3.00 billion in the previous year, representing a growth of 12.8%[33] - The total comprehensive income for the period was approximately ¥403.53 million, a decrease of 44.1% compared to ¥721.05 million in the same period last year[32] Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was -287.46 million yuan, a decrease of 494.61% compared to the previous year, mainly due to a decline in comprehensive service revenue[15] - Cash and cash equivalents decreased to CNY 1,779,138,871.33 as of September 30, 2021, down from CNY 2,973,538,706.01 at the end of 2020, a decline of approximately 40.2%[25] - The ending balance of cash and cash equivalents was 372,965,480.91 CNY, down from 1,185,258,751.06 CNY at the beginning of the period[35] - Total current assets amounted to 5,021,450,223.18 CNY, showing a slight decrease of 318,494.16 CNY compared to the previous period[36] - Total assets decreased to CNY 5,334,351,716.35 as of September 30, 2021, down from CNY 6,506,344,387.41 at the end of 2020, a decline of about 18.1%[26] - The company reported a decrease in cash and cash equivalents by 812,293,270.15 CNY during the quarter[35] Shareholder Information - The total number of common shareholders at the end of the reporting period was 150,371, with a notable increase of 10% compared to the previous period[17] - The top shareholder, Zhang Yuxiang, holds 24.94% of the shares, amounting to 612,159,216 shares, with 33,980,000 shares pledged[17] - The company repurchased shares worth approximately 1 billion yuan and distributed dividends of about 400 million yuan during the reporting period[15] - The company repurchased a total of 32,729,823 shares, representing 1.33% of the total share capital, with a total payment of RMB 300,035,441.01[20] - The company has a share buyback account holding 118,917,441 shares, which accounts for 4.84% of the total share capital[18] Expenses and Liabilities - Total operating costs increased to CNY 2,328,834,406.93 in Q3 2021 from CNY 2,062,747,097.37 in Q3 2020, representing a rise of about 12.9% year-over-year[30] - The company's equity attributable to shareholders decreased to CNY 4,790,974,663.18 from CNY 5,781,923,255.07, a decline of about 17.2%[29] - Total liabilities decreased to CNY 543,539,404.25 from CNY 724,426,319.14, indicating a reduction of approximately 25.0% year-over-year[29] - The company’s total liabilities increased to 796,979,229.49 CNY, with a notable rise in non-current liabilities[37] Future Outlook - The company expects a significant revenue increase in the fourth quarter due to the upcoming e-commerce sales peak and gradual inventory consumption by clients[9] Stock Options and Incentives - The company approved a stock option incentive plan during the board meeting on August 27, 2021, which was later ratified by the shareholders[21] - The stock option plan includes a review of the incentive object list and the number of options granted, which was confirmed by the supervisory board[23] - The stock options were officially registered on October 9, 2021, under the name "Nanji JLC3" with the code 037172[24] - The company is committed to complying with relevant laws and regulations regarding share repurchase and incentive plans[20] Miscellaneous - The third quarter report has not been audited[39] - The company has implemented new leasing standards starting from 2021, with retrospective adjustments for prior comparative data not applicable[39] - The board meeting of Nanji E-commerce Co., Ltd. was held on October 26, 2021[40]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.66 billion, representing a 2.15% increase compared to the same period last year[30]. - The net profit attributable to shareholders decreased by 42.85% to approximately ¥246.12 million, down from ¥430.68 million in the previous year[30]. - The net cash flow from operating activities was negative at approximately -¥265.34 million, compared to -¥25.82 million in the same period last year[30]. - Basic earnings per share decreased by 41.26% to ¥0.1038, down from ¥0.1767 in the previous year[30]. - The total assets at the end of the reporting period were approximately ¥5.20 billion, a decrease of 20.11% from the previous year[30]. - The net assets attributable to shareholders decreased by 19.76% to approximately ¥4.64 billion, down from ¥5.78 billion at the end of the previous year[30]. - The weighted average return on equity was 4.67%, a decrease of 3.82 percentage points compared to the previous year[30]. - The company's total GMV for the reporting period reached 19.103 billion RMB, a year-on-year increase of 32.87%[52]. - The GMV from the Pinduoduo platform was 5.696 billion RMB, showing a significant year-on-year growth of 115.94%[52]. - The revenue from mobile internet business reached ¥1,309,092,279.69, accounting for 78.80% of total revenue, with a year-on-year growth of 16.73%[66]. - The cost of sales increased by 17.67% to ¥1,280,672,633.32, primarily due to rising costs associated with the mobile internet media placement business[63]. Business Strategy and Development - The company aims to achieve a GMV of approximately 300 billion RMB within five years, with retail and supply chain services contributing 200 billion RMB and 100 billion RMB respectively[58]. - The company plans to expand into six major business lines, including brand authorization and cross-border independent platforms[58]. - The company is developing a one-stop supply chain service platform to enhance efficiency and integrate quality resources across the industry[48]. - The company is actively expanding its cross-border e-commerce business and has formed a joint venture with C&A (China) to enhance its overseas market presence, although this involves high initial costs and uncertain profitability timelines[92]. - The company aims to enhance its competitive edge by optimizing its organizational structure and establishing stable partnerships with quality suppliers and distributors[59]. Risk Management - The company faced risks and has outlined measures to address them in the management discussion section of the report[7]. - The company faces risks from slow platform development and increased competition, which may impact performance; strategies include data marketing and brand management[87]. - The company is addressing risks from raw material price fluctuations by enhancing brand influence and maintaining a diverse product strategy[88]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[8]. - The company held its annual general meeting on May 7, 2021, with a 27.91% investor participation rate, and a temporary shareholders' meeting on June 18, 2021, with a 27.44% participation rate[97]. - The company has established a comprehensive human resources policy to enhance employee engagement and development[113]. - The company prioritizes the protection of shareholder and creditor rights, ensuring transparency and fairness in its operations and decision-making processes[109]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[120]. - The company has not engaged in any significant related party transactions during the reporting period[128]. Employee Welfare and Community Engagement - The company focuses on employee welfare, providing health check-ups and team-building activities to enhance employee satisfaction and protect their rights[110]. - The company donated 20 million yuan to the Zhengzhou Red Cross for disaster relief during severe flooding in Henan Province[115]. - The company emphasizes the importance of professional talent for its growth and has implemented diverse training and incentive measures to ensure rapid talent development while also recruiting externally to maintain organizational vitality[93]. - The company has implemented a series of employee training programs to improve professional skills and leadership[113]. Financial Position and Assets - Cash and cash equivalents decreased by 11.11% to ¥1,798,151,059.10, accounting for 34.59% of total assets, primarily due to share repurchases and dividend payments[71]. - Accounts receivable increased by 8.02% to ¥1,317,877,498.53, representing 25.35% of total assets, mainly due to new loans issued during the period[71]. - Prepayments rose to ¥394,231,842.86, up 3.78% to 7.58% of total assets, driven by growth in mobile internet media platform business[74]. - The company reported goodwill of ¥889,770,009.82, which is 17.12% of total assets, reflecting a 3.44% increase due to share repurchases and dividends[74]. - The total assets of subsidiary Nanji E-commerce (Shanghai) Co., Ltd. decreased by 12.35% to ¥2,417,782,737.71, with a revenue increase of 52.43% to ¥126,942,880.86[86]. - The total assets of subsidiary Xinjiang Ka'e E-commerce Co., Ltd. decreased by 0.36% to ¥269,913,304.42, with a revenue decline of 25.85% to ¥43,503,030.66[86]. Compliance and Audit - The semi-annual financial report for 2021 has not been audited[191]. - The company has not issued any non-standard audit reports for the previous year[123]. - The company has not reported any violations or penalties during the reporting period[127]. - The company has not faced any administrative penalties for environmental issues during the reporting period and does not fall under the category of key pollutant discharge units[108]. Share Repurchase and Capital Structure - The company repurchased shares worth ¥1 billion and distributed dividends totaling ¥400 million during the reporting period, leading to a net cash outflow from financing activities of ¥1,444,548,111.36[63]. - The company repurchased a total of 72,492,381 shares for a total amount of 699,852,143.92 yuan, representing 2.95% of the total share capital[159]. - The maximum purchase price during the first repurchase was 10.62 yuan per share, while the minimum was 8.93 yuan per share[159]. - In the second repurchase, the company acquired 32,296,523 shares for a total of 294,882,482.01 yuan, which is 1.32% of the current total share capital[159]. - The total number of shares before the recent change was 2,454,870,403, with a change resulting in an increase of 2,170,893 shares[156]. - The total number of locked-up shares at the end of the period was 495,651,469, with 2,170,893 shares released during the reporting period[163].