Financial Performance - In 2018, the company achieved total revenue of 3,372.55 million CNY, a year-on-year increase of 14.51% [3] - The net profit attributable to shareholders was 726.59 million CNY, reflecting a growth of 26.49% compared to the previous year [3] - The sales revenue from the cigarette label business was approximately 2.6 billion CNY, up 8.05% from 2.375 billion CNY in 2017 [5] - The sales revenue from color box products reached 480.32 million CNY, marking a significant increase of 79.81% [4] Business Segments - The cigarette label business benefited from the overall positive trend in the tobacco industry, with a sales growth rate of 8.05% [3] - The color box segment, including packaging for 3C products and premium gift boxes, saw a revenue increase of 79.81% [4] - The new materials supply system construction is underway, with a focus on expanding the supply of new materials and enhancing export business [4] Strategic Initiatives - The company has established a joint venture with Xiaomi's ecosystem company to develop new tobacco products, including electronic cigarettes and heated non-combustion devices [5] - A strategic cooperation agreement was signed with Yunnan Tobacco in August 2018 to leverage new tobacco development opportunities [6] - The company is focusing on R&D and production of new tobacco devices, aiming to meet market demands and maintain competitive advantages [7] Non-Recurring Gains - Non-recurring gains in 2018 included approximately 27.8 million CNY from financial investments and 19.8 million CNY from government subsidies [6] Industry Outlook - The tobacco industry is expected to maintain a positive trend in 2019, supported by supply-side reforms and decreasing inventory levels [7] - The company anticipates benefiting from its leading position in the cigarette label market, driven by scale advantages and innovation capabilities [8]

Group 1: Company Strategy and Growth - The company aims to capitalize on the rapid growth of new tobacco products, positioning itself as a comprehensive manufacturer and service provider for electronic vapor devices and heated non-combustible products, achieving a revenue growth of 129.05% in the first three quarters of 2020 [2] - The company plans to continue deepening its involvement in the new tobacco industry, enhancing its R&D and production capabilities, and providing professional ODM/OEM services [2][3] - The introduction of new investors and the acquisition of shares in Longwu Technology are strategic moves to strengthen partnerships and enhance product offerings in the overseas market [3][4] Group 2: Market and Regulatory Environment - In the U.S., the FDA requires electronic cigarette companies to submit PMTA applications by a specified date, leading to increased industry regulation and concentration [5][6] - The domestic market for HNB products remains restricted, with no clear regulations for vapor-type electronic cigarettes, impacting the company's sales strategies [6] - The company is adopting a cautious approach in the new tobacco sector, focusing on R&D and production services in response to market demands [6] Group 3: Financial Performance and Challenges - The company’s new tobacco segment is expected to maintain high growth rates, with projections for continued revenue increases in 2020 despite challenges posed by the pandemic [2][5] - The tobacco industry showed stable growth in 2020, although the company faced some impacts on its market share due to the pandemic [7] - The company has a strong cost control experience and stable supplier relationships, which help mitigate the impact of rising raw material prices on production costs [9][10] Group 4: Product Development and Innovation - The company is enhancing its packaging capabilities through technological upgrades and automation, leading to steady growth in the production and profit margins of its color box segment [8] - Collaboration with well-known liquor brands and exploration of new packaging solutions are part of the company's strategy to expand its market share in the packaging industry [8][9] - The company is committed to integrating innovative technologies such as IoT and blockchain into its packaging solutions to increase added value [8]

Financial Performance - The company's revenue for Q3 2022 was ¥1,297,777,898.41, representing a 7.94% increase year-over-year, while the year-to-date revenue reached ¥3,941,602,201.92, up 8.00% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥85,735,029.83, a decrease of 72.34% year-over-year, with a year-to-date net profit of ¥585,462,979.44, down 28.32% compared to the previous year[6]. - The basic earnings per share for Q3 2022 was ¥0.06, down 71.43% year-over-year, while the diluted earnings per share also stood at ¥0.06, reflecting the same percentage decrease[6]. - The net profit for the current period is CNY 623,453,659.29, a decrease from CNY 840,748,423.46 in the previous period, representing a decline of approximately 26%[28]. - The total profit for the current period is CNY 728,763,397.06, down from CNY 965,611,379.37, indicating a decrease of about 24.5%[28]. - Operating profit for the current period is CNY 719,215,635.79, compared to CNY 965,814,405.73 in the previous period, reflecting a decline of approximately 25.5%[28]. - The total comprehensive income for the current period is CNY 632,458,072.60, down from CNY 840,850,110.98, reflecting a decrease of approximately 25%[28]. - Earnings per share for the current period is CNY 0.40, down from CNY 0.56 in the previous period, a decline of about 28.6%[28]. Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥10,305,327,854.04, a slight decrease of 0.22% from the end of the previous year[6]. - As of September 30, 2022, the total current assets of Shenzhen Jinjia Group amounted to CNY 4,477,760,323.92, a slight decrease from CNY 4,528,877,975.09 at the beginning of the year[19]. - The cash and cash equivalents decreased to CNY 1,339,329,402.97 from CNY 1,534,338,056.20 at the start of the year, reflecting a decline of approximately 12.7%[19]. - Accounts receivable increased to CNY 838,734,004.16, up from CNY 695,793,544.30, indicating a growth of about 20.5%[19]. - Inventory levels were reported at CNY 1,035,882,401.86, slightly down from CNY 1,057,870,881.43, showing a decrease of approximately 2.1%[19]. - Long-term equity investments decreased to CNY 1,448,091,474.49 from CNY 1,531,241,247.99, representing a decline of about 5.4%[19]. - The company's total liabilities as of September 30, 2022, were not explicitly stated but are critical for assessing financial health[19]. - Total liabilities decreased to CNY 2,180,619,885.25 from CNY 2,227,338,840.74, a reduction of approximately 2.1%[25]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥246,756,717.82, a significant decrease of 69.18% compared to the previous year[6]. - Cash flow from operating activities for the current period is CNY 246,756,717.82, significantly lower than CNY 800,716,487.05 in the previous period, a decrease of about 69%[33]. - Cash inflow from operating activities totals CNY 4,872,592,276.43, an increase from CNY 4,544,026,505.97 in the previous period, representing a growth of approximately 7.2%[33]. - Cash outflow from financing activities is CNY 1,182,085,794.34, compared to CNY 1,127,078,028.88 in the previous period, indicating an increase of about 4.9%[35]. - The company reported a net cash outflow of CNY 245,460,227.70 for the current period, compared to a net outflow of CNY 6,776,390.38 in the previous period[35]. Operational Expenses - The company's management expenses increased by 40.74% to ¥299,390,403.68, attributed to the amortization of equity incentive expenses[10]. - Total operating costs increased to CNY 3,380,935,180.42 from CNY 2,877,089,346.62, reflecting a rise of about 17.5%[26]. - Research and development expenses amounted to CNY 167,141,144.81, slightly up from CNY 160,854,262.68, indicating a growth of approximately 3%[26]. Other Financial Metrics - The weighted average return on equity was 1.08% for Q3 2022, down 3.07% compared to the same period last year[6]. - The company's equity attributable to shareholders increased by 0.61% to ¥7,894,623,220.09 compared to the end of the previous year[6]. - The total equity attributable to shareholders of the parent company increased to CNY 7,894,623,220.09 from CNY 7,846,674,919.10, reflecting a growth of about 0.6%[25]. - The company reported an increase in unallocated profits to CNY 4,535,219,795.61 from CNY 4,462,374,008.67, indicating a growth of approximately 1.6%[25]. Regulatory and Operational Announcements - The company has been involved in various announcements regarding adjustments to daily operational related transactions and received warnings from regulatory bodies[15]. - The company has not disclosed any financing or margin trading activities among the top ten shareholders[15].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[20] - The company's operating revenue for the first half of 2022 was RMB 2,643,824,303.51, representing an increase of 8.03% compared to RMB 2,447,409,727.44 in the same period last year[31] - The net profit attributable to shareholders of the listed company was RMB 499,727,949.61, a decrease of 1.40% from RMB 506,827,177.36 in the previous year[31] - The net profit after deducting non-recurring gains and losses was RMB 425,200,197.06, down 11.29% from RMB 479,338,260.76 year-on-year[31] - The net cash flow from operating activities was RMB 483,870,058.31, a significant decline of 48.79% compared to RMB 944,947,384.38 in the same period last year[31] - The total assets at the end of the reporting period were RMB 10,436,701,877.77, an increase of 1.05% from RMB 10,328,082,019.93 at the end of the previous year[31] - The net assets attributable to shareholders of the listed company were RMB 7,828,789,168.02, a slight decrease of 0.23% from RMB 7,846,674,919.10 at the end of the previous year[31] - The basic earnings per share for the reporting period was RMB 0.34, down 2.86% from RMB 0.35 in the same period last year[31] - The diluted earnings per share also stood at RMB 0.34, reflecting the same percentage decrease of 2.86% compared to the previous year[31] - The weighted average return on net assets was 6.25%, down from 7.12% in the previous year, indicating a decline of 0.87%[31] Revenue Growth and Projections - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2022, indicating a projected growth of 10%[20] - User data indicates a growth in active users, with a reported increase of 20% compared to the same period last year, reaching 5 million active users[20] - Revenue from new tobacco products surged by 297.53%, reflecting the company's adaptation to new regulations and effective resource utilization[64] - Revenue from color box products increased by 10.45%, driven by proactive responses to customer demand and market trends[64] - Revenue from new packaging materials grew by 19.44%, supported by internal management enhancements and market expansion efforts[64] Product Development and Innovation - New product development includes the launch of three innovative packaging solutions, expected to contribute an additional 200 million RMB in revenue by the end of 2022[20] - The company is committed to enhancing its technological capabilities, with an investment of 100 million RMB in R&D for new technologies in the packaging sector[20] - The company applied for 69 new patents during the reporting period, maintaining its competitive edge in the industry[65] - The company aims to enhance its competitive advantage by continuously innovating and optimizing its production processes and service capabilities[48] - The company is actively exploring new technologies to integrate into its packaging products, aiming for higher added value and improved business models[47] Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces, aiming for a market share increase of 5% in these regions[20] - A strategic acquisition of a local packaging firm is in progress, which is anticipated to enhance production capacity by 30%[20] - The company has formed joint ventures for the development and production of heated tobacco products and electronic cigarettes, enhancing its market presence[44] - The company operates in high-tech and high-value-added sectors, including cigarette labels, new tobacco products, and high-end packaging solutions[41] Risk Management - The company has identified potential risks including raw material price fluctuations, which could impact gross margins by up to 5%[20] - The management emphasized the importance of adapting to industry policy changes, which could affect future operations and market strategies[20] - The company is facing risks related to industry policies, particularly in the tobacco sector, which may affect sales and pricing of cigarette labels[111] - The company acknowledges the risk of goodwill impairment due to potential deterioration in the operating conditions of acquired entities and plans to leverage its merger integration experience to manage this risk effectively[114] Environmental and Social Responsibility - The company has established a resource recycling center for solid waste and paper recycling, promoting green development and sustainability[149] - The company actively participates in social welfare activities, contributing to charity and environmental protection initiatives[150] - The company has invested in new environmental protection facilities to enhance pollutant control and monitoring[137] - The company has implemented effective pollution prevention measures, resulting in no administrative penalties for environmental issues during the reporting period[136] Corporate Governance and Shareholder Relations - The company completed 114 information disclosure announcements during the reporting period, adhering to relevant regulations without any misleading statements or selective disclosures[142] - The company held one annual general meeting, ensuring the voting process was legal and effective, with a focus on protecting the rights of minority investors[141] - The company has a commitment to investor communication, responding to 148 inquiries through its investor interaction platform during the reporting period[142] - The company emphasizes a stable profit distribution policy, prioritizing cash dividends to shareholders while ensuring sustainable development[142] Financial Management and Investments - The company has not used raised funds for pledges, entrusted loans, or other forms of changing the purpose of the raised funds[98] - The company has established nine special accounts for raised funds to ensure strict usage approval procedures[98] - The total amount of raised funds was CNY 165,000,000.00, with CNY 7,536,200.00 used in the current period and a cumulative usage of CNY 127,920,230.00, leaving CNY 27,083,790.00 unutilized[93] - The company has not experienced any incidents of raised funds being occupied or misappropriated[98] Shareholder Information - The company has a total of 1,470,887,550 shares, with 96.72% being unrestricted shares[194] - As of June 30, 2022, the company repurchased a total of 6,267,000 shares, accounting for approximately 0.43% of the total share capital[194] - Shenzhen Jinjia Venture Investment Co., Ltd. holds 31.48% of the shares, totaling 463,089,709 shares, with 286,970,000 shares pledged[199] - The total number of common shareholders at the end of the reporting period is 70,099[199]

深圳劲嘉集团股份有限公司 2022 年第一季度报告 证券代码：002191 证券简称：劲嘉股份 公告编号：2022-048 深圳劲嘉集团股份有限公司 2022 年第一季度报告 本公司及除董事乔鲁予先生外董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。截至本公告披露之日，公司未取得乔鲁予先生保证公告内容真实、准确和完整的相关说明。 重要内容提示: 1.由于董事乔鲁予无法正常履行职责，公司未取得董事乔鲁予先生保证 2022 年第一季度报告真实、准确、完整的书面意见。 请投资者特别关注。公司董事会、监事会及除董事乔鲁予外的其他董事、监事、高级管理人员均保证 2022 年第一季度报告 内容的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司代行负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |- ...

Financial Performance - The company's operating revenue for 2021 was ¥5,067,077,177.19, representing a 20.89% increase compared to ¥4,191,426,341.33 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥1,019,743,277.37, which is a 23.82% increase from ¥823,590,253.75 in 2020[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥822,087,495.99, up by 5.49% from ¥779,281,999.73 in 2020[32]. - The basic earnings per share for 2021 was ¥0.70, reflecting a 25.00% increase from ¥0.56 in 2020[32]. - The total assets at the end of 2021 amounted to ¥10,328,082,019.93, a 14.67% increase from ¥9,006,772,928.24 at the end of 2020[32]. - The net cash flow from operating activities for 2021 was ¥860,758,443.84, a decrease of 17.67% compared to ¥1,045,444,375.59 in 2020[32]. - The weighted average return on net assets for 2021 was 13.49%, an increase from 11.45% in 2020[32]. - The company achieved total operating revenue of 506,707.72 million yuan in 2021, representing a year-on-year growth of 20.89%[70]. - The net profit attributable to shareholders reached 101,974.33 million yuan, an increase of 23.82% compared to the previous year[70]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 3.50 CNY per 10 shares (including tax) based on a total of 1,470,887,550 shares[8]. - The company has not issued any bonus shares and does not plan to increase capital from reserves[8]. Risks and Challenges - The company faces several risks including industry policy risks, new product market development risks, and rising raw material prices affecting gross margins[8]. - Future outlook includes addressing risks related to management and human resources, as well as potential impacts from acquisitions[8]. - The company is facing risks related to industry policies, particularly in the tobacco sector, which may impact sales and pricing of cigarette labels[167]. - The company is committed to mitigating risks associated with new product market development through thorough market research and leveraging existing resources[168]. - The company aims to reduce the impact of rising raw material prices on gross margins through economies of scale and improved management practices[170]. Market and Product Development - The company is focused on expanding its market presence and developing new products and technologies[8]. - The company continues to focus on high-tech and high-value-added products, including new tobacco products and packaging materials[31]. - The company aims to become a comprehensive packaging solution provider, integrating design, production, logistics, and marketing[50]. - The company has established a strong presence in the new tobacco industry through compliance and service-oriented strategies, focusing on several key segments of the industry chain[52]. - The company is actively exploring new technologies in packaging materials, focusing on laser packaging materials and biodegradable options[63]. - The company is focusing on enhancing its service network and operational efficiency to capture market demand and increase market share[162]. Research and Development - Continuous R&D investment is emphasized to enhance product quality and compliance with regulations, particularly in protecting minors[61]. - The company has established a strong R&D system, focusing on new tobacco products, including e-cigarettes and CBD vaping devices, with a comprehensive product line[68]. - Research and development (R&D) investment amounted to ¥238,585,758.36 in 2021, an increase of 17.52% compared to ¥203,020,149.16 in 2020[102]. - The number of R&D personnel increased by 25.09% from 538 in 2020 to 673 in 2021, with the proportion of R&D personnel to total employees slightly decreasing from 10.75% to 10.29%[102]. - The company achieved mass production of several new technologies, including a pulse laser technology for intelligent counting and a special printing technology for 3D anti-counterfeiting packaging[98]. Corporate Governance and Management - The board of directors and supervisory board confirm the accuracy and completeness of the annual report, despite one director being unable to fulfill their duties[5]. - The company has established a complete internal control system and governance structure in compliance with relevant laws and regulations, ensuring effective supervision and balance[178]. - The company has maintained independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operations[183]. - The company has implemented a performance evaluation and incentive mechanism linking executive compensation to company performance, promoting healthy development[178]. - The company respects and protects the rights of stakeholders, actively engaging in social responsibilities such as environmental protection and tax compliance[179]. Investments and Acquisitions - The company made several strategic investments and acquisitions, including establishing subsidiaries in Zunyi and Indonesia, and acquiring a 70% stake in Qingdao Yingnuo, enhancing its market share in high-end packaging materials[77]. - The company has ongoing investments in projects such as the RFID-based intelligent IoT operation support system, with a total actual investment of ¥196,681,772.32[122]. - The company reported a cumulative actual investment of ¥528,343,951.57 in the new material boutique packaging project, with expected returns of ¥124,727,200[122]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 300 million RMB allocated for potential deals[200]. Shareholder and Executive Information - The total shares held by the financial responsible person increased from 672,000 to 1,012,000, reflecting an increase of 50.6% due to the acquisition of restricted stock incentives[191]. - The total shares held by the company's executives increased by 3,790,000 shares during the reporting period, resulting in a total of 32,815,972 shares[191]. - The chairman, Qiao Luyu, has held the position since November 27, 2003, and currently holds no shares[192]. - The general manager, Hou Xudong, increased his shares from 6,224,324 to 7,024,324, a rise of 12.9% due to the acquisition of restricted stock incentives[191]. - The total number of shares held by the vice general manager, Huang Hua, increased from 14,934,141 to 15,634,141, an increase of 4.7% due to restricted stock incentives[191]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[200]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart packaging solutions[200]. - Market expansion plans include entering two new international markets, projected to increase market share by 10%[200]. - The management team emphasizes a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[200].

Financial Performance - The company's revenue for Q3 2021 reached ¥1,202,260,694.66, representing a 9.96% increase compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥309,989,331.79, a 25.69% increase year-over-year[4]. - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥231,385,976.21, showing a decrease of 3.36% compared to the previous year[4]. - Basic earnings per share for Q3 2021 were ¥0.21, up 23.53% from the same period last year[4]. - The net profit attributable to shareholders for the year 2021 is expected to increase by 15%-35%, ranging from RMB 94,712.88 million to RMB 111,184.69 million, compared to RMB 82,359.03 million in the previous year[15]. - Basic earnings per share are projected to be between RMB 0.65 and RMB 0.76, up from RMB 0.56 in the same period last year[15]. - The net profit for the current period is CNY 840,748,423.46, an increase of 23% compared to CNY 684,109,137.71 in the previous period[29]. - The total comprehensive income attributable to the parent company is CNY 816,918,196.67, up from CNY 658,717,312.97, reflecting a growth of approximately 24%[32]. - Basic and diluted earnings per share are both CNY 0.56, compared to CNY 0.45 in the previous period, representing a 24% increase[32]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥10,803,131,694.94, reflecting a 19.94% increase from the end of the previous year[4]. - The company's total assets reached CNY 10,803,131,694.94, compared to CNY 9,006,772,928.24 in the previous period, marking an increase of about 19.9%[25]. - Total liabilities increased to CNY 2,928,933,395.90 from CNY 1,364,040,104.05, showing a growth of approximately 115.5%[25]. - The company has a total liability of ¥1,364,040,104.05, with current liabilities amounting to ¥1,254,508,844.41[46]. - The company has long-term borrowings of ¥60,000,000.00[46]. - The company has a goodwill amounting to ¥988,758,840.80[42]. Cash Flow - The company reported a net cash flow from operating activities of ¥800,716,487.05 for the year-to-date, which is a 29.08% increase compared to the previous year[4]. - Cash flow from operating activities is CNY 800,716,487.05, an increase from CNY 620,317,697.98, indicating a growth of 29%[36]. - Cash inflow from sales of goods and services reached CNY 4,221,356,475.22, compared to CNY 3,123,744,912.68 in the previous period, marking a 35% increase[33]. - The total cash outflow from operating activities is CNY 3,743,310,018.92, up from CNY 2,602,445,754.07, which is an increase of 44%[36]. - The net cash flow from investing activities is CNY 42,626,055.17, a significant recovery from a negative cash flow of CNY -303,650,108.90 in the previous period[36]. - The company has shown a strong performance in cash flow management, with a net increase in cash and cash equivalents of CNY -6,776,390.38 compared to an increase of CNY 13,523,620.43 in the previous period[36]. Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was ¥7,629,448,895.70, a 2.74% increase from the end of the previous year[4]. - The total equity attributable to shareholders of the parent company rose to CNY 7,629,448,895.70 from CNY 7,425,915,335.16, an increase of about 2.8%[25]. - The total number of shares held by the top ten shareholders includes significant stakes, with Shenzhen Jinjia Venture Capital Co., Ltd. holding 463,089,709 shares[11]. - The company has a repurchase account holding 21,114,352 shares, which does not enjoy voting rights or profit distribution rights[11]. Operational Highlights - The company achieved good growth in new packaging materials and new tobacco products, contributing to overall performance improvement[15]. - The company is focused on expanding its market presence and enhancing product offerings in the tobacco sector[15]. Other Financial Metrics - The company reported trading financial assets of RMB 177,000,000.00, down from RMB 596,910,846.32 at the end of 2020, reflecting a strategic shift in asset management[16]. - The company reported a decrease in other comprehensive income, with a net amount of CNY 101,687.52 compared to a loss of CNY -3,266,359.08 in the previous period[29]. - The company’s inventory increased to CNY 960,405,554.09 from CNY 639,222,349.14, reflecting a rise of about 50.2%[25]. - The company has a total of ¥639,222,349.14 in inventory[39]. - Accounts receivable increased to RMB 864,074,683.17 from RMB 614,135,980.23 at the end of 2020, indicating a growth in sales or credit terms[16]. - The company has a total of ¥506,081,389.72 in accounts payable[46].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[2]. - The company's operating revenue for the reporting period was ¥2,447,409,727.44, representing a 27.64% increase compared to ¥1,917,455,057.59 in the same period last year[31]. - The net profit attributable to shareholders was ¥506,827,177.36, up 22.02% from ¥415,357,314.37 year-on-year[31]. - The basic earnings per share rose to ¥0.35, a 25.00% increase from ¥0.28 in the same period last year[31]. - The company achieved total revenue of 2.447 billion yuan, a year-on-year increase of 27.64%[58]. - Net profit attributable to shareholders reached 507 million yuan, up 22.02% compared to the same period last year[58]. - The total assets of the company increased to 10.530 billion yuan, reflecting a growth of 16.91% since the beginning of the reporting period[58]. Growth and Expansion - The user base for the company's new packaging solutions grew by 25%, reaching 500,000 active users by the end of June 2021[2]. - Market expansion efforts led to a 20% increase in sales in the southern region of China, contributing significantly to overall revenue growth[2]. - The company is exploring potential acquisitions in the packaging sector to enhance its market position and diversify its product offerings[2]. - Revenue from new tobacco business surged by 290.11% year-on-year, indicating significant growth in this segment[60]. - Revenue from laser packaging materials increased by 36.19% compared to the previous year, showcasing strong demand[60]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year, focusing on smart packaging technologies[2]. - The company applied for 49 new patents during the reporting period, including 16 invention patents, maintaining its competitive edge in technology[61]. - Research and development investment rose by 25.99% to ¥101,579,950.40, up from ¥80,622,492.68 in the previous year[68]. Operational Efficiency - Gross profit margin improved to 30%, up from 28% in the same period last year, driven by cost control measures and product mix optimization[2]. - The net cash flow from operating activities increased significantly by 181.61%, reaching ¥944,947,384.38 compared to ¥335,549,660.23 in the previous year[31]. - The company continues to focus on technological innovation and cost control to enhance operational efficiency and market share[58]. Sustainability and Social Responsibility - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 15% by 2025 through improved operational efficiencies[2]. - The company has maintained efficient operation of its environmental protection facilities, with no major pollution incidents reported during the period[114]. - The company is committed to fulfilling its social responsibility by actively giving back to society through charitable donations[126]. Risks and Challenges - Risks identified include rising raw material costs and regulatory changes, which may impact future profitability[2]. - The company faces risks related to industry policies, new product market development, and external mergers and acquisitions, with strategies in place to mitigate these risks[101]. - The company has identified goodwill impairment risk associated with acquisitions, which could negatively impact current profits if the acquired entities perform poorly[103]. Shareholder and Capital Management - The company will not distribute cash dividends for the current fiscal year, opting to reinvest profits into business development[2]. - The company plans to repurchase shares with a total fund amount not less than RMB 200 million and not exceeding RMB 400 million[133]. - The company completed a capital increase for its subsidiary, JinJia Technology, amounting to RMB 15 million, raising its registered capital to RMB 50 million[147]. Strategic Initiatives - The company is actively exploring the new tobacco sector as a potential new profit growth point[41]. - The company is focusing on ODM/OEM services for new tobacco devices, leveraging its R&D capabilities and brand development to capture market opportunities[47]. - The company established the "Jinjia Management Academy" to cultivate management, technical, and marketing talents, supporting long-term development[66].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,195,084,715.04, representing a 31.71% increase compared to ¥907,343,238.10 in the same period last year [9] - Net profit attributable to shareholders was ¥251,733,113.09, up 17.19% from ¥214,806,334.48 year-on-year [9] - The net profit after deducting non-recurring gains and losses was ¥242,440,303.50, reflecting a 13.27% increase from ¥214,030,206.27 in the previous year [9] - Basic and diluted earnings per share were both ¥0.17, a 13.33% increase from ¥0.15 in the previous year [9] - The weighted average return on equity was 3.33%, compared to 3.04% in the same period last year, showing a slight improvement [9] - The company reported non-recurring gains of ¥9,292,809.59, after accounting for tax effects and minority interests [9] Cash Flow - The net cash flow from operating activities increased by 67.06% to ¥84,356,410.73, compared to ¥50,496,142.36 in the same period last year [9] - Cash inflows from operating activities rose by 45.87% to ¥1,220,456,537.69, mainly due to increased collections from customers [25] - Cash outflows from operating activities increased by 44.51% to ¥1,136,100,126.96, attributed to higher procurement and payment amounts [25] - Cash outflows from financing activities increased by 109.59% to ¥274,991,866.97, due to increased share repurchases [25] - Cash inflow from operating activities increased to 1,220,456,537.69 from 836,669,543.38, marking a growth of approximately 46% [102] - Cash inflow from financing activities totaled 129,580,444.36, up from 101,408,621.72, an increase of approximately 27.8% [104] - Net cash flow from financing activities worsened to -145,411,422.61 from -29,795,240.72, indicating a significant decline [104] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,640,740,973.85, an 18.14% increase from ¥9,006,772,928.24 at the end of the previous year [9] - The total assets of the company as of March 31, 2021, amounted to ¥7,900,275,138.98, up from ¥7,317,690,582.09 at the end of 2020 [76] - Total liabilities increased to ¥2,086,211,050.27 from ¥1,461,073,970.46, reflecting a growth of approximately 42.6% [79] - The company's total equity as of March 31, 2021, was ¥5,814,064,088.71, slightly down from ¥5,856,616,611.63 at the end of 2020 [79] - Total liabilities reached ¥1,461,073,970.46, with current liabilities at ¥1,381,725,220.46 and non-current liabilities at ¥79,348,750.00 [118] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,492, with the largest shareholder holding 31.61% of the shares [14] - The company repurchased a total of 21,114,352 shares, accounting for 1.44% of the total share capital [33] Research and Development - Research and development expenses increased to ¥44,343,425.35 from ¥35,473,822.11, marking a rise of approximately 25% [87] - The company attributes the expected profit growth to enhanced R&D capabilities and market expansion in large packaging and laser packaging materials [53] Fund Management - The company has established eight dedicated accounts for the management of raised funds, ensuring strict approval procedures for their use [41] - No raised funds have been used for pledges, entrusted loans, or other unauthorized purposes as of March 31, 2021 [42] - The company adjusted the use of raised funds for the RFID project to maximize efficiency and overall project benefits [47] - The company plans to temporarily use up to RMB 700 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months from the board's approval date [49] Profit Forecast - The estimated net profit attributable to shareholders for the first half of 2021 is expected to be between RMB 456.89 million and RMB 539.96 million, representing a year-on-year increase of 10% to 30% [53] - The net profit for the first half of 2020 was RMB 415.36 million [53]

Financial Performance - The company reported a total revenue of 1,443,756,098 RMB for the year 2020, with a cash dividend of 3.5 RMB per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2020 was ¥4,191,426,341.33, representing a 5.08% increase from ¥3,988,697,267.95 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥823,590,253.75, a decrease of 6.07% compared to ¥876,786,038.90 in 2019[27]. - The net profit after deducting non-recurring gains and losses was ¥779,281,999.73, down 9.25% from ¥858,689,915.03 in 2019[27]. - The net cash flow from operating activities was ¥1,045,444,375.59, a decline of 12.14% from ¥1,189,888,045.76 in 2019[27]. - The total assets at the end of 2020 were ¥9,006,772,928.24, an increase of 3.85% from ¥8,672,684,776.37 at the end of 2019[27]. - The net assets attributable to shareholders at the end of 2020 were ¥7,425,915,335.16, up 7.22% from ¥6,926,088,151.98 at the end of 2019[27]. - The basic earnings per share for 2020 was ¥0.56, a decrease of 6.67% from ¥0.60 in 2019[27]. - The weighted average return on equity for 2020 was 11.47%, down from 13.06% in 2019[27]. - The company achieved total operating revenue of ¥4,191,426,341.33 in 2020, representing a year-on-year growth of 5.08%[59]. - The net profit attributable to shareholders decreased by 6.07% to ¥823,590,253.75, while the net profit excluding non-recurring items fell by 9.25% to ¥779,281,999.73[59]. Product and Market Development - The company focuses on high-end packaging printing products and materials, with a significant emphasis on brand design and overall packaging solutions for well-known consumer goods companies[40]. - The main products include high-tech cigarette labels, mid-to-high-end consumer product packaging, and new tobacco products, with a strong emphasis on innovation and meeting diverse customer needs[40]. - The new tobacco products include heated non-combustible tobacco products and electronic cigarettes, which are gaining traction due to increasing health awareness and stricter smoking regulations globally[41]. - The company is actively exploring the new tobacco sector as a potential growth point, focusing on ODM/OEM services and comprehensive solutions in this field[41]. - The packaging industry is expected to evolve towards high-end and boutique products, driven by rising consumer demand for quality and brand value[45]. - The company is committed to expanding its production capacity and enhancing its technological innovation capabilities to meet market growth and diverse customer needs[45]. - The company is actively expanding its market presence in the alcohol packaging sector, enhancing its service capabilities for major clients like Moutai and Wuliangye[62]. - The company is focusing on technological innovation, with a strong emphasis on digitalization and blockchain technology to enhance customer engagement and service offerings[68]. - The company plans to introduce a new line of products targeting the health and wellness sector in 2021[97]. - The company is focusing on market expansion in Southeast Asia, targeting a 25% market share by 2023[103]. Research and Development - The company applied for 106 new patents during the reporting period, including 26 invention patents, and received 90 patent authorizations, maintaining a total of 759 authorized patents[50]. - Research and development expenses increased by 15.71% to ¥203,020,149.16, accounting for 4.84% of operating income[91]. - The number of R&D personnel was 538, representing 10.75% of the total workforce, a slight decrease of 0.05% from the previous year[91]. - The company invested CNY 200 million in R&D for new technologies, focusing on sustainable materials and production methods[97]. - Research and development efforts have led to the introduction of two new technologies aimed at improving product efficiency by 30%[104]. - The company has developed multiple core technologies and products with independent intellectual property rights through its packaging technology R&D center, achieving certain economic benefits[155]. Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥1,045,444,375.59, a decrease of 12.14% compared to 2019[114]. - Total cash inflow from operating activities increased by 5.89% to ¥4,503,336,654.16 in 2020[114]. - Total cash outflow from operating activities rose by 12.90% to ¥3,457,892,278.57 in 2020[114]. - Cash inflow from investment activities surged by 75.52% to ¥3,976,649,179.41 in 2020[114]. - Cash outflow from investment activities increased by 49.30% to ¥4,074,766,511.85 in 2020[114]. - The net cash flow from financing activities improved by 18.02%, resulting in a net outflow of ¥409,586,162.37[114]. - The net increase in cash and cash equivalents was ¥526,891,832.23, reflecting a significant increase of 131.95% compared to the previous year[114]. - The company attributed the increase in cash inflow from investment activities to a rise in bank financial product redemptions[114]. - The company reported a significant increase in cash inflow from financing activities due to increased bank loans and the maturity of bill guarantees[114]. Strategic Planning and Future Outlook - The company has set a revenue guidance for 2021, projecting a growth of 20% to CNY 1.8 billion[97]. - The company plans to invest 200 million RMB in technology upgrades over the next two years to enhance production capacity[103]. - The company has a commitment to replace pre-invested funds with raised funds once they are available, maintaining financial integrity[143]. - The company plans to enhance its sustainable development capabilities through mergers and acquisitions, targeting the packaging industry to extend its supply chain and cultivate new business opportunities[190]. - The company aims to leverage its resource advantages to extend its business and industry chains, focusing on the new tobacco sector[194]. - The company is adjusting project timelines and strategies based on market demands and its development strategy, particularly in the context of new packaging technologies and materials[152]. Risks and Challenges - The company anticipates certain risks that may adversely affect future development, including industry policy risks and new product market expansion risks[6]. - The company faces risks from industry policies, particularly regarding tobacco taxation and smoking bans, which could impact sales of its main tobacco label products[191]. - The company is aware of the risks associated with market competition for new products and will conduct thorough market research to mitigate these risks[192]. - The company is addressing potential risks from rising raw material prices and declining tobacco label prices by optimizing production and procurement strategies[192]. - The company recognizes the risk of goodwill impairment from acquisitions and will implement rigorous management and oversight of merger projects[194].