深圳劲嘉集团股份有限公司 2020 年第三季度报告全文 深圳劲嘉集团股份有限公司 2019 年第三季度报告 2020 年 10 月 1 深圳劲嘉集团股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人侯旭东、主管会计工作负责人富培军及会计机构负责人(会计主 管人员)富培军声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳劲嘉集团股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[19]. - The company's operating revenue for the reporting period was ¥1,917,455,057.59, representing a 2.83% increase compared to ¥1,864,621,021.97 in the same period last year[26]. - The net profit attributable to shareholders was ¥415,357,314.37, a decrease of 10.64% from ¥464,828,262.13 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥401,102,915.88, down 11.27% from ¥452,035,963.84 year-on-year[26]. - The net cash flow from operating activities was ¥335,549,660.23, a decline of 2.87% compared to ¥345,452,697.31 in the previous year[26]. - The total assets at the end of the reporting period were ¥8,528,166,865.22, a decrease of 1.67% from ¥8,672,684,776.37 at the end of the previous year[26]. - The weighted average return on equity was 6.00%, down from 6.99% in the previous year[26]. - The net profit attributable to shareholders for the first three quarters of 2020 is expected to range from ¥57,234.75 million to ¥77,435.25 million, reflecting a decrease of 15% compared to the same period in 2019[134]. Revenue and Product Performance - Revenue from cigarette label products decreased by 10.38% year-on-year in the first half of 2020, with Q1 down 14.04% and Q2 down 6.45%[57]. - Revenue from color box products increased by 24.92% year-on-year in the first half of 2020, with Q1 down 6.60% but Q2 up 68.79%[57]. - The new tobacco segment's revenue in Q1 increased by 538.50% year-on-year, and in Q2, it grew by 382.95%, resulting in a 430.84% increase in revenue for the first half of the year compared to the same period last year[58]. - The packaging printing segment accounted for 85.23% of total revenue, while laser packaging materials contributed 16.90%[62]. Market Expansion and Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2021[19]. - The company is exploring strategic acquisitions to enhance its product offerings and expand its operational capabilities[19]. - The company is focusing on expanding its new tobacco product lines in compliance with national regulations[44]. - The company plans to continue expanding into non-cigarette label markets and emerging industries to mitigate policy risks associated with the tobacco industry[137]. - The company is actively pursuing market expansion through strategic partnerships, including a collaboration with Aydong and Fuxing in various sectors[174]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies, focusing on smart packaging innovations[19]. - The company applied for 36 new patents during the reporting period, including 12 invention patents, and received 35 patent authorizations[49]. - The company is developing an intelligent IoT operation support system project based on RFID technology, with a cumulative investment of ¥160,484,863.60[81]. - The company has ongoing investments in new material packaging projects, with a total investment of ¥439,522,864.57[81]. Cash Management and Fund Utilization - The total amount of raised funds is RMB 162,461.81 million, with RMB 90,450.58 million already utilized[94]. - The company has a remaining balance of raised funds of RMB 720,112.32 million as of June 30, 2020[95]. - The company has established eight special accounts for the management of raised funds, ensuring strict approval procedures for usage[98]. - The company has temporarily supplemented working capital with idle raised funds, totaling RMB 37,600,000 as of June 30, 2020[118]. - The company has approved the use of up to RMB 750 million of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months[115]. Environmental Responsibility - The company has been listed as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental responsibility[178]. - The company reported that its subsidiary Anhui Antai is also listed as a key pollutant discharge unit, reflecting its environmental impact management[178]. - The company has implemented effective environmental protection measures and has not experienced any major environmental pollution incidents during the reporting period[182]. - The company has conducted regular environmental monitoring, with all results meeting the required standards during the reporting period[183]. Subsidiary Performance - The subsidiary Anhui Antai New Packaging Materials Co., Ltd. reported a net profit of RMB 62.51 million, contributing significantly to the overall net profit of the company[127]. - The subsidiary Jiangsu Jinjia New Packaging Materials Co., Ltd. achieved a net profit of RMB 32.39 million, further enhancing the company's profitability[127]. - The company’s subsidiary Shenzhen Jinjia New Intelligent Packaging Co., Ltd. reported a total revenue of RMB 446.28 million, with a net profit of RMB 62.45 million, showcasing strong performance in the intelligent packaging sector[130]. - The company’s subsidiary Zhongfeng Tian Guangdian Technology (Zhuhai) Co., Ltd. generated a revenue of RMB 264.09 million, with a net profit of RMB 42.62 million, indicating robust growth in laser material production[130]. Risks and Challenges - Risks identified include rising raw material costs and potential impacts from industry policy changes, which could affect profit margins[7]. - The company faces risks in new product market development due to intense competition and will conduct thorough market research to enhance competitiveness[138]. - The company aims to minimize the impact of rising raw material prices and declining cigarette label prices on gross margins through scale production and centralized procurement[138].

Financial Performance - The company's operating revenue for Q1 2020 was ¥907,343,238.10, a decrease of 10.12% compared to ¥1,009,539,352.72 in the same period last year[9] - The net profit attributable to shareholders was ¥214,806,334.48, down 17.09% from ¥259,077,299.07 year-on-year[9] - The basic earnings per share decreased by 11.76% to ¥0.15 from ¥0.17 in the same period last year[9] - The net profit attributable to shareholders for the first half of 2020 is expected to range from 37,186.26 million yuan to 51,131.11 million yuan, reflecting a decrease of 20% to 10% compared to the same period in 2019[27] - Net profit for the first quarter was CNY 219,752,241.59, down 20.7% from CNY 277,076,415.30 year-over-year[63] - Operating profit for the quarter was CNY 259,430,412.32, a decline of 19.9% from CNY 323,890,950.29 in the previous year[59] Cash Flow - The net cash flow from operating activities increased significantly by 164.75%, reaching ¥50,496,142.36 compared to ¥19,073,198.18 in the previous year[9] - Cash inflow from investment activities totaled 1,042,630,663.34 yuan, up 67.49% year-on-year, primarily due to the maturity redemption of bank principal-protected financial products[20] - Cash outflow from investment activities reached 958,771,036.55 yuan, an increase of 69.40%, due to higher payments for purchasing bank principal-protected financial products[20] - The net cash flow from operating activities was -3,248,315.60, a significant improvement from -21,237,630.86 in the previous period, indicating a reduction in cash outflow[77] - The total cash inflow from investment activities reached 919,209,535.99, compared to 633,942,448.20 previously, showing a strong increase of approximately 45%[77] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,820,022,745.70, reflecting a 1.70% increase from ¥8,672,684,776.37 at the end of the previous year[9] - Current liabilities decreased to approximately CNY 1.33 billion, down 4.7% from CNY 1.39 billion[46] - Total assets increased to CNY 6,950,711,120.70 from CNY 6,869,628,018.98, reflecting a growth of 1.2%[56] - Total liabilities decreased slightly to CNY 1,637,424,527.28 from CNY 1,638,079,772.64, a reduction of 0.04%[56] - The total assets amounted to 8,672,684,776.37, with total liabilities at 1,440,971,848.89, indicating a healthy asset-to-liability ratio[85] Shareholder Information - The top ten shareholders held a combined 71.44% of the company's shares, indicating a concentrated ownership structure[13] - The company did not engage in any repurchase transactions among its top ten shareholders during the reporting period[17] - The company has repurchased a total of 1,010,000 shares, accounting for 0.07% of the total share capital, with a total transaction amount of 9,066,087.03 yuan[25] - The total equity attributable to shareholders increased to approximately CNY 7.13 billion, up from CNY 6.93 billion, reflecting a growth of 3.0%[49] Operational Metrics - Accounts receivable increased by 227,711,798.82 yuan, a rise of 38.22% compared to the beginning of the year, due to lower cash collection than sales revenue during the reporting period[20] - Other receivables decreased by 48,572,591.63 yuan, a decline of 41.98%, attributed to the collection of dividends from affiliated companies[20] - The company reported a research and development expense of CNY 35,473,822.11, up 9.3% from CNY 32,449,362.58 year-over-year[59] - The company’s inventory decreased to approximately CNY 850.62 million, down 5.6% from CNY 901.06 million[40] - The company’s undistributed profits increased to approximately CNY 3.72 billion, up from CNY 3.51 billion, indicating a growth of 6.1%[49] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[34] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[35] - The company has not undergone an audit for the first quarter report of 2020[92] - The company has implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments made to prior period comparative data[92]

Financial Performance - The company reported a total revenue of 1,463,860,450 RMB for the year 2019, with a cash dividend of 1.5 RMB per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2019 was CNY 3,988,697,267.95, representing an increase of 18.22% compared to CNY 3,374,004,791.26 in 2018[26]. - The net profit attributable to shareholders for 2019 was CNY 876,786,038.90, which is a 20.88% increase from CNY 725,308,104.74 in 2018[26]. - The net cash flow from operating activities reached CNY 1,189,888,045.76, marking a significant increase of 39.55% from CNY 852,646,915.77 in the previous year[26]. - The basic earnings per share for 2019 was CNY 0.60, up 22.45% from CNY 0.49 in 2018[26]. - Total assets at the end of 2019 were CNY 8,672,684,776.37, reflecting a growth of 5.72% from CNY 8,203,580,899.26 at the end of 2018[29]. - The net assets attributable to shareholders increased to CNY 6,926,088,151.98, a rise of 6.67% from CNY 6,492,800,613.47 in 2018[29]. - The company reported a quarterly revenue of CNY 1,104,435,013.41 in Q4 2019, contributing to a total annual revenue growth[32]. - The company recorded a non-operating income of CNY 18,096,123.87 for 2019, which includes various non-recurring gains[33]. - The weighted average return on equity for 2019 was 13.06%, an increase from 11.27% in 2018[26]. Market and Product Development - The company plans to focus on new product development and market expansion strategies to enhance its competitive position in the industry[6]. - The company focuses on high-end packaging printing and materials, with a significant emphasis on cigarette labels and new tobacco products as key profit sources[40]. - The company is actively exploring the new tobacco sector, including heated non-combustible products and electronic cigarettes, in response to increasing health awareness and regulatory changes[43]. - The company has established partnerships with various tobacco companies for the development of new tobacco products, aiming to enhance its service capabilities in this sector[43]. - The new tobacco product market is rapidly growing, driven by global anti-smoking policies and consumer demand for healthier alternatives[47]. - The company is committed to complying with national regulations regarding new tobacco products while exploring business opportunities in this area[47]. - The company is expanding its capabilities in high-end paper packaging, focusing on customization for consumer electronics, cosmetics, and premium tobacco products[46]. - New product developments include several innovative packaging machines and devices aimed at enhancing production efficiency[101]. - New product launches included a series of innovative electronic cigarettes, with three new models introduced in Q1 2019[104]. Research and Development - The company applied for 123 new patents during the reporting period, including 36 invention patents, and received 104 patent authorizations[70]. - The company has cumulatively obtained 669 patent authorizations, maintaining its competitive advantage in the industry[70]. - R&D expenses rose by 25.05% to ¥175,460,586.00, reflecting ongoing investment in technology innovation[90]. - The number of R&D personnel increased by 9.96% to 541, while the proportion of R&D personnel to total staff decreased by 0.37% to 10.80%[92]. - R&D investment accounted for 4.40% of operating revenue, up from 4.16% in the previous year[92]. - The increase in R&D investment is expected to positively impact the company's future development and maintain its technological leadership in the industry[91]. - The company aims to enhance its competitive advantage through continuous product performance improvements and technology innovation[91]. Cash Flow and Financial Management - The net cash flow from operating activities increased by 39.55% to ¥1,189,888,045.76 in 2019 compared to ¥852,646,915.77 in 2018[115]. - Total cash inflow from operating activities reached ¥4,252,768,198.47, reflecting a 21.02% increase from ¥3,514,148,830.25 in the previous year[115]. - Cash inflow from financing activities surged by 104.48% to ¥317,768,698.19, up from ¥155,401,256.31 in 2018[115]. - The net increase in cash and cash equivalents was ¥227,159,654.78, a significant improvement from a decrease of ¥425,699,038.34 in 2018, marking a 153.36% change[115]. - The overall financial performance indicates a positive trend in cash management and operational efficiency for the company[115]. - The company's cash flow from operating activities showed significant discrepancies compared to the net profit for the year, indicating potential liquidity issues[118]. - The company is actively managing its cash flow through structured financial products to optimize returns on idle funds[163]. Strategic Initiatives and Future Outlook - The company has outlined a positive outlook for the upcoming year, projecting a revenue growth of approximately 15%[101]. - There are plans for potential mergers and acquisitions to strengthen the company's position in the packaging industry[101]. - The company is focusing on market expansion strategies, particularly in the Asia-Pacific region, to capture a larger market share[101]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[104]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 40% and reduce operational costs by 15%[107]. - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in production costs[101]. - The company is committed to sustainability, with initiatives aimed at reducing waste and improving the recyclability of packaging materials[101].

Financial Performance - Operating revenue for the period was ¥1,019,641,232.57, representing a year-on-year growth of 32.76%[9] - Net profit attributable to shareholders was ¥207,704,704.07, up 24.76% from the same period last year[9] - The net profit after deducting non-recurring gains and losses was ¥207,081,402.02, reflecting a 29.66% increase year-on-year[9] - Basic earnings per share were ¥0.14, an increase of 27.27% year-on-year[9] - The total comprehensive income for the current period was ¥237,671,870.09, compared to ¥186,365,881.84 in the prior period, showing strong growth[66] - Net profit for the current period was ¥71,860,404.28, representing a 34.7% increase from ¥53,296,599.44 in the previous period[71] - Net profit for the year-to-date period was ¥738,404,863.68, a 20.8% increase from ¥610,900,199.31 in the previous year[79] - Net profit for the current period was CNY 234,562,486.68, up 44.1% from CNY 162,743,842.38 in the previous period[87] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,260,119,164.56, an increase of 0.69% compared to the end of the previous year[9] - Total current assets decreased to ¥3,066,555,026.72 from ¥3,205,984,110.85, a decline of approximately 4.3%[42] - Long-term equity investments increased to ¥1,356,043,433.26 from ¥1,293,854,523.63, reflecting a growth of about 4.8%[42] - Total non-current assets rose to ¥5,193,564,137.84 from ¥4,997,596,788.41, an increase of approximately 3.9%[42] - Total liabilities decreased to ¥1,236,430,314.64 from ¥1,431,692,531.32, a reduction of about 13.6%[45] - Total equity attributable to shareholders increased to ¥6,714,521,248.50 from ¥6,492,800,613.47, a rise of about 3.4%[48] - Total liabilities reached ¥1,431,692,531.32, with current liabilities at ¥1,386,647,174.02 and non-current liabilities at ¥45,045,357.30[113] Cash Flow - Net cash flow from operating activities amounted to ¥260,319,231.91, a significant rise of 38.79% compared to the previous year[9] - Cash inflows from investment activities increased by 68.29% to ¥1,522,834,083.08 due to the redemption of bank principal-protected financial products[24] - Cash outflows from investment activities increased by 34.73% to ¥1,526,340,140.93 due to increased purchases of bank principal-protected financial products[24] - The company achieved a net cash inflow from operating activities of CNY 2,813,381,982.06, compared to CNY 2,460,487,148.06 in the previous period, an increase of 14.3%[92] - The net cash flow from investing activities was 119,719,213.25, a significant improvement from -132,963,440.88 in the prior period[106] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,190[14] - The largest shareholder, Shenzhen Jinjia Venture Investment Co., Ltd., held 31.61% of the shares[14] - The company did not engage in any repurchase transactions during the reporting period[21] Research and Development - The company plans to continue enhancing R&D and production processes to maintain competitive advantages in the packaging industry[29] - Research and development expenses were ¥44,204,879.44, a decrease of 11.5% compared to ¥49,755,523.21 in the previous period[59] - Research and development expenses for the current period were ¥116,570,089.96, a slight increase from ¥110,551,786.64 in the previous period[76] Investment Income - Investment income rose by 61.71% to ¥70,075,797.14, attributed to increased net profits from joint ventures[24] - Investment income for the current period was ¥70,075,797.14, up 61.7% from ¥43,334,197.79 in the previous period[76] - Investment income rose significantly to CNY 59,769,692.25 from CNY 33,792,213.84, marking an increase of 76.8%[87] Financial Position - The company has no overdue commitments from major shareholders or related parties during the reporting period[31] - The company reported a decrease in management expenses to CNY 76,524,097.79 from CNY 78,009,722.25, a decline of 1.9%[84] - The company has a goodwill value of ¥988,758,840.80, indicating significant acquisitions in the past[110] - The company is focusing on market expansion and new product development as part of its strategic initiatives[121]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2019, representing a year-on-year increase of 15%[18]. - The gross profit margin for the first half of 2019 was 30%, a decrease of 2% compared to the same period last year[18]. - The company's operating revenue for the reporting period was ¥1,864,621,021.97, representing a 15.90% increase compared to the same period last year[25]. - The net profit attributable to shareholders was ¥464,828,262.13, reflecting a growth of 22.64% year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥452,035,963.84, which is a 25.24% increase compared to the previous year[25]. - The basic earnings per share increased to ¥0.31, up 24.00% from ¥0.25 in the same period last year[25]. - The company anticipates a revenue growth of 20% for the full year 2019, driven by new product launches and market expansion efforts[18]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology research in the upcoming year[18]. - The company is actively exploring the development of new tobacco products as a new profit growth point[36]. - The company is expanding its product offerings to include high-end packaging and new tobacco products, utilizing advanced technologies like RFID and big data[37]. - The company established a joint venture, Jiayu Technology, with Shenzhen Huayu Technology Development Co., Ltd. to produce heated non-combustible tobacco products[58]. - The company applied for 26 new patents during the reporting period, including 9 invention patents, and received 52 patent authorizations[49]. - Research and development investment rose by 19.03% to RMB 72,365,210.52, compared to RMB 60,796,263.43 in the previous year[63]. Market Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 10% market share by 2021[18]. - User data indicates a growth of 25% in active users of the company's products compared to the previous year[18]. - Revenue from cigarette label products grew by 6.55% year-on-year, reflecting the company's focus on market trends and customer needs[57]. - Revenue from color box products surged by 80.64% year-on-year, driven by improved production efficiency and market development efforts[57]. Financial Management - The company has decided not to distribute cash dividends for this fiscal year, focusing on reinvestment instead[6]. - The company’s net cash flow from operating activities decreased by 16.79% to ¥345,452,697.31 compared to the previous year[25]. - The company’s net cash flow from investing activities increased by 203.91% to RMB 169,662,851.97, compared to a negative RMB 163,270,920.46 in the previous year[63]. - The company’s net increase in cash and cash equivalents was RMB 70,081,810.04, a significant increase of 244.10% from RMB 20,366,701.03 in the previous year[63]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact profit margins[6]. - The company is facing risks related to industry policies, particularly in the tobacco sector, which may affect sales and pricing of cigarette labels[173]. - The company is exposed to acquisition risks, including competition and integration challenges, and will conduct in-depth research on acquisition targets to mitigate these risks[175]. - Rising raw material prices and declining cigarette label prices may impact the company's gross margin, prompting strategies like centralized procurement and cost management to minimize these effects[176]. Corporate Governance - The company held two shareholder meetings during the reporting period, with participation rates of 42.25% and 46.26% respectively[180]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[180]. - The company has not experienced any major litigation or arbitration matters during the reporting period[188]. - There were no significant penalties or rectification situations reported during the period[191].

Financial Performance - The company's revenue for Q1 2019 was CNY 1,009,539,352.72, representing a 24.08% increase compared to CNY 813,621,455.55 in the same period last year [9] - Net profit attributable to shareholders was CNY 259,077,299.07, up 21.81% from CNY 212,693,817.64 year-on-year [9] - Basic and diluted earnings per share increased by 21.43% to CNY 0.17 from CNY 0.14 in the same period last year [9] - The company reported a weighted average return on equity of 3.91%, an increase of 0.67% compared to 3.24% in the same period last year [9] - The net profit attributable to shareholders for the first half of 2019 is expected to increase by 20.00% to 30.00%, ranging from CNY 454,820.40 to CNY 492,722.10 [33] - The total comprehensive income attributable to the parent company was ¥258,812,290.36, compared to ¥212,173,114.59 in the previous period, marking a 22% increase [68] - The net profit for the current period was ¥76,655,428.02, representing a 25% increase from ¥61,504,507.80 in the previous period [71] Cash Flow - The net cash flow from operating activities decreased significantly by 90.73%, amounting to CNY 19,073,198.18 compared to CNY 205,811,119.94 in the previous year [9] - Cash flow from operating activities generated a net cash inflow of ¥19,073,198.18, a decrease from ¥205,811,119.94 in the previous period [79] - The net cash flow from operating activities was -21,237,630.86 RMB, compared to 79,778,810.59 RMB in the previous period, indicating a significant decline in operational cash generation [86] - Total cash inflow from investment activities was 633,942,448.20 RMB, a substantial increase from 53,360,056.39 RMB in the prior period [86] - The net cash flow from investment activities was 78,536,522.79 RMB, recovering from a negative cash flow of -123,588,097.53 RMB in the previous period [86] - Cash flow from financing activities resulted in a net outflow of -6,393,111.61 RMB, an improvement from -121,878,282.42 RMB in the prior period [89] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,302,311,192.99, a 1.20% increase from CNY 8,203,580,899.26 at the end of the previous year [9] - Net assets attributable to shareholders increased by 3.99% to CNY 6,751,612,903.83 from CNY 6,492,800,613.47 at the end of the previous year [9] - Total liabilities decreased to CNY 1,256,187,521.21 from CNY 1,431,692,531.32, a decline of about 12.2% [46] - The company's total assets decreased slightly to ¥6,647,226,961.12 from ¥6,701,271,834.63, a decline of 0.8% [59] - Total liabilities decreased to ¥1,256,274,548.88 from ¥1,386,974,850.41, a reduction of 9.4% [59] - The company's equity increased to ¥5,390,952,412.24 from ¥5,314,296,984.22, an increase of 1.4% [59] Shareholder Information - The top ten shareholders held a total of 63.90% of the shares, with Shenzhen Jinjia Venture Capital Co., Ltd. holding the largest share at 31.61% [14] - The company did not engage in any repurchase transactions during the reporting period [21] - The company repurchased 29,963,932 shares, accounting for 2.0045% of the total share capital, with a total transaction amount of CNY 230,291,282.05 [29] Operational Metrics - Accounts receivable increased by 33.87% to CNY 1,017,709,973.41 from CNY 760,222,497.11 due to increased product sales [24] - Prepayments surged by 875.35% to CNY 139,934,047.62 from CNY 14,347,036.39, attributed to increased advance payments for materials [24] - Cash outflow from operating activities rose by 57.96% to CNY 965,386,306.20 from CNY 611,150,428.05, primarily due to higher material payments [24] - The company reported a 66.54% decrease in employee compensation payable, reflecting the distribution of last year's accrued salaries [24] - The company experienced a 100.00% reduction in short-term loans, decreasing from CNY 60,000,000.00 to CNY 0.00 due to reduced bank borrowings [24] - Other payables decreased by 48.16% to CNY 157,359,680.98 from CNY 303,574,549.04, attributed to payments for equity acquisition [24] Future Outlook - The company plans to enhance product design and development efforts, focusing on key specifications and brands to capture market opportunities [33] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [70]

Financial Performance - The company reported a total revenue of 1,464,870,450 RMB for the year 2018, with a cash dividend of 3.00 RMB per 10 shares distributed to all shareholders[6]. - The company's operating revenue for 2018 was ¥3,374,004,791.26, representing a 14.56% increase compared to ¥2,945,293,524.27 in 2017[26]. - The net profit attributable to shareholders for 2018 was ¥725,308,104.74, which is a 26.27% increase from ¥574,411,233.05 in 2017[26]. - The net cash flow from operating activities for 2018 was ¥852,646,915.77, showing a 4.00% increase from ¥819,829,106.31 in 2017[26]. - The basic earnings per share for 2018 was ¥0.49, up 13.95% from ¥0.43 in 2017[26]. - The total assets at the end of 2018 were ¥8,203,580,899.26, a slight increase of 0.98% from ¥8,123,780,067.72 at the end of 2017[29]. - The net assets attributable to shareholders at the end of 2018 were ¥6,492,800,613.47, reflecting a 0.68% increase from ¥6,448,893,066.86 at the end of 2017[29]. - The company reported a quarterly revenue of ¥997,158,602.87 in Q4 2018, which was the highest among the four quarters[32]. - The net profit attributable to shareholders in Q4 2018 was ¥179,806,999.56, showing a recovery from the previous quarters[32]. - The company’s total revenue for the packaging printing segment reached ¥3,074,825,992.84, representing a year-on-year increase of 14.27%[74]. - The revenue from cigarette labels was ¥2,566,315,859.21, with a growth of 8.05% compared to the previous year[74]. - The gross margin for the packaging printing industry was 41.34%, showing a slight decrease of 0.53% year-on-year[74]. - The East China region generated ¥1,595,138,342.75 in revenue, up 18.45% from the previous year[74]. - The company reported a significant increase in sales volume for cigarette labels, reaching 353.07 million large boxes, a growth of 7.97%[78]. - Revenue from the color box products surged by 67.09% compared to the previous year, driven by enhanced automation and new customer acquisitions[61]. - The company’s total sales revenue from laser packaging materials was ¥608,456,923.43, with a year-on-year growth of 4.62%[74]. - The company’s top five customers accounted for 50.90% of total annual sales, with the largest customer contributing ¥553,819,526.11[83]. - The total cost of goods sold for the packaging printing segment was ¥1,803,696,512.54, which is a 15.30% increase from the previous year[79]. Research and Development - The company has applied for 124 new patents during the reporting period, including 40 invention patents, and has received 64 patent authorizations, maintaining its competitive edge in the industry[51]. - Research and development expenses amounted to ¥140,312,981.76, reflecting a year-on-year increase of 10.83%[86]. - The number of R&D personnel rose by 4.90% to 492 in 2018, while the proportion of R&D personnel to total employees decreased by 0.26% to 11.17%[88]. - R&D expenditure as a percentage of operating revenue decreased to 4.16% in 2018 from 4.30% in 2017[88]. - The company has developed new technologies, including a method for predicting ink composition ratios based on spectral reflectance[91]. - The company is expanding its market presence with new products such as a UV ink curing detection device and a double-sided printing device[91]. - The company has filed multiple patents for innovative printing methods and equipment, enhancing its competitive edge in the industry[89][91]. - The company is focused on sustainable practices, as evidenced by its development of environmentally friendly inks and coatings[91]. Market Strategy and Expansion - The company plans to focus on new product development and market expansion strategies to enhance its competitive position in the industry[6]. - The company is actively exploring the development of new tobacco products as a potential new profit growth point[40]. - The company is focusing on expanding its market presence in high-end paper packaging, which is expected to grow in response to increasing consumer demand for premium products[46]. - The company is pursuing external mergers and acquisitions to inject continuous development momentum, focusing on acquiring quality enterprises with core technologies and customer advantages[179]. - The company is actively pursuing market expansion through the introduction of new products and technologies, positioning itself for future growth[72]. - The company aims to double its revenue to CNY 9 billion by 2020, focusing on large packaging and health industries[171]. - The company plans to maintain a compound annual growth rate of over 10% for net profit from 2019 to 2021[172]. - The company is exploring opportunities for mergers and acquisitions in the European market to diversify its product offerings[106]. - The company is expanding its premium color box packaging by enhancing automation production levels and increasing production efficiency, leveraging technologies like RFID and big data to boost market sales[174]. Risk Management - The company highlighted the importance of addressing risks such as industry policy changes, new product market expansion, and raw material price increases, which could adversely affect future development[6]. - The company faces risks related to industry policies affecting its main tobacco label business, which could impact sales and pricing[180]. - The company is addressing potential risks from new product market competition by conducting thorough market research and leveraging technological innovation[181]. - The company is managing risks associated with external mergers and acquisitions by conducting in-depth research and ensuring scientific decision-making during negotiations[181]. - The company is implementing strategies to mitigate the impact of rising raw material prices and declining tobacco label prices on its gross margin[181]. - The company is aware of the risks associated with cross-industry operations and is working to strengthen its professional team and resource integration[183]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of 3.00 yuan per 10 shares, based on a total share capital of 1,464,870,450 shares[190]. - The total cash dividend amount for 2018 is 439,461,135.00 yuan, which accounts for 60.59% of the net profit attributable to ordinary shareholders[189]. - The total cash dividend (including other methods) amounts to 669,683,307.45 yuan, representing 92.25% of the net profit attributable to ordinary shareholders[189]. - The company has a cash dividend policy that requires a minimum of 20% of profit distribution to be in cash dividends during significant capital expenditure phases[193]. - The company did not implement any stock dividends or capital reserve transfers in the past three years[188]. - The cash dividend amount for 2017 was 446,080,314.60 yuan, which was 77.66% of the net profit attributable to ordinary shareholders[189]. - The cash dividend amount for 2016 was 326,511,800.00 yuan, which was 57.21% of the net profit attributable to ordinary shareholders[189]. Corporate Governance and Compliance - The company has committed to avoiding competition with its own business and will not engage in similar or competitive activities directly or indirectly[194]. - The actual controller of the company, Qiao Luyu, has made a commitment regarding the authenticity of the information provided, stating that any violations will result in legal responsibility[194]. - The company has a long-term commitment to not transfer shares for three years from the date of listing, with a maximum of 25% transfer allowed annually thereafter during employment[197]. - The company has pledged to strictly adhere to the commitments made regarding refinancing and will not interfere with the management of the company[197]. - The company has committed to not providing financial assistance or loans to incentive recipients under the stock incentive plan[197]. - The company has confirmed that all commitments made by its actual controller and shareholders have been strictly fulfilled as of the reporting period[194]. - The company will ensure compliance with any new regulatory requirements from the China Securities Regulatory Commission regarding commitments made[197]. - The company has established a commitment to ensure that the remuneration system is linked to the execution of the company's compensation measures[197].

Financial Performance - The company's operating revenue for 2017 was ¥2,945,293,524.27, representing a 6.06% increase compared to ¥2,776,954,820.51 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥574,411,233.05, a slight increase of 0.65% from ¥570,721,416.87 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥547,399,781.03, which is a 24.56% increase from ¥439,452,495.62 in 2016[6]. - The total assets at the end of 2017 were ¥8,123,780,067.72, reflecting a 21.60% increase from ¥6,680,677,124.70 at the end of 2016[6]. - The net assets attributable to shareholders increased by 43.51% to ¥6,448,893,066.86 from ¥4,493,801,641.63 at the end of 2016[6]. - The company reported a total revenue of RMB 859,676,544.57 for the year, with a net profit of RMB 41,094,163.31[109]. - The company reported a total revenue of 9,612 million in 2017, reflecting a significant growth compared to previous years[186]. Cash Flow and Investments - The net cash flow from operating activities decreased by 10.71% to ¥819,829,106.31 from ¥918,185,877.98 in 2016[6]. - Total operating cash inflow decreased by 6.11% to CNY 3,111,147,819.65 in 2017 compared to CNY 3,313,780,274.91 in 2016[74]. - Investment cash outflow increased by 123.46% to CNY 1,224,739,694.99, while investment cash inflow turned negative at CNY -75,598,828.50, a decrease of 328.17%[74]. - Financing cash inflow surged by 329.84% to CNY 2,227,412,525.75, primarily due to increased bank loans and private placement of A-shares[75]. - The company made significant equity investments totaling CNY 301,500,000.00 during the reporting period[82]. - The company has committed investments totaling RMB 165 million, with actual investments of RMB 30.07 million, representing an investment progress of 18.2%[101]. Dividend Policy - The company reported a total cash dividend amount for 2017 is CNY 446,080,314.60, which is based on a total share capital of 1,486,934,382 shares after deducting repurchased shares[144]. - The cash dividend per 10 shares is CNY 3.00 (including tax), with a cash dividend payout ratio of 100% of the distributable profit[142]. - The company's net profit attributable to ordinary shareholders for 2017 is CNY 574,411,233.05, resulting in a dividend payout ratio of 77.66%[141]. - The company has successfully executed cash dividend policies over the past three years, with increasing dividend amounts each year[138]. Business Strategy and Market Focus - The company is focusing on high-end packaging printing and materials, with a strong emphasis on the health industry as a second main business[27]. - The company aims to integrate advanced technologies such as RFID and big data into its packaging products to enhance its business model[30]. - The company is actively expanding its market presence in electronic product packaging and fast-moving consumer goods packaging, enhancing production efficiency through automation[42]. - The company is exploring opportunities in the health industry, aiming to leverage strategic partnerships for future investments and growth[51]. - The company plans to expand its packaging business, particularly in pharmaceutical, salt, and liquor packaging, through both organic growth and acquisitions[124]. Research and Development - The company applied for 65 new patents during the reporting period, including 24 invention patents, and received 95 patent authorizations, maintaining its competitive edge in the industry[37]. - The company is committed to research and development, as evidenced by its numerous patents filed in recent years, indicating a strong focus on innovation[71]. - The company has developed a remote monitoring system for printing product quality, indicating a commitment to improving operational efficiency[69]. - The company is focused on sustainable practices, as seen in the development of new environmentally friendly packaging solutions[69]. Risk Management - The company emphasizes the importance of understanding investment risks, including industry policy risks, new product market development risks, and raw material price increases, which may adversely affect future development[5]. - The company is actively addressing risks related to industry policies, new product market competition, and acquisition integration to ensure sustainable growth[125][126][132]. - The company has implemented measures to mitigate the impact of rising raw material prices and declining product prices on its gross margin[127]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, including a board of directors and several specialized committees to ensure effective oversight and decision-making[187]. - The company has not faced any major litigation or arbitration matters during the reporting period[158]. - The company has not reported any overdue or unrecoverable amounts from its entrusted financial management[179]. - The company has established a transparent communication channel with investors, enhancing information disclosure and engagement[187]. Environmental Responsibility - The company has implemented an environmental protection management system, ensuring compliance with regulations and promoting sustainable practices in production[189]. - The company has not experienced any major environmental pollution incidents during the reporting period[192]. - All construction projects have undergone environmental impact assessments and received necessary approvals[193]. - The company has maintained compliance with environmental laws and regulations, with no instances of exceeding discharge limits[196].

Financial Performance - Operating revenue for the reporting period reached ¥503,765,051.23, representing a year-on-year increase of 26.76%[7] - Net profit attributable to shareholders of the listed company was ¥111,913,539.67, up 21.16% year-on-year[7] - The basic earnings per share for the reporting period was ¥0.17, reflecting a growth of 21.43% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥102,125,892.24, which is a 16.99% increase year-on-year[7] - The net profit attributable to shareholders for 2014 is expected to range from RMB 524.64 million to RMB 620.03 million, representing a year-on-year growth of 10% to 30%[25] - The net profit for 2013 attributable to shareholders was RMB 476.94 million[25] - The increase in 2014's performance is primarily due to the growth of the company's own business[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,419,605,575.35, a decrease of 1.97% compared to the end of the previous year[7] - Net assets attributable to shareholders of the listed company increased by 17.43% to ¥3,443,681,325.95[7] - The company's fixed assets increased by RMB 403.12 million, a growth of 46.57%, due to the transfer of the printing industrial park from construction in progress to fixed assets[16] - Short-term borrowings decreased by RMB 504.75 million, a reduction of 74.23%, as a result of loan repayments[16] - The company reported a significant decrease in accounts receivable by 34.62%, reflecting improved cash flow management[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥437,142,864.22, an increase of 14.75% compared to the previous year[7] - The cash flow from investing activities improved by RMB 371.53 million, a 90% reduction in outflow compared to the previous year[16] Investments and Subsidiaries - The company plans to increase investment in its wholly-owned subsidiary Qingdao Jiayi Ze Printing and Packaging Co., Ltd. by RMB 40 million, although the timeline has been delayed due to regulatory approvals[17] - A new wholly-owned subsidiary, Zhuhai Jiarui Packaging Materials Co., Ltd., was established with an investment of RMB 4.8 million, expected to have a positive long-term impact on the company's development[21] - The company holds a 5% stake in Anhui Wanjie Anti-Counterfeiting Technology Co., Ltd., with an investment cost of 150,000 RMB[27] Government Support - The company received government subsidies amounting to RMB 14.13 million, a 74.28% increase from the previous year[16] Stock and Compliance - The stock incentive plan for restricted shares was listed on August 19, 2014, which is expected to positively impact the company's performance despite minor cost implications[19] - The company has implemented a stock incentive plan with strict compliance requirements for its directors and senior management regarding share transfers[24] - The company is committed to fulfilling its promises regarding the management of shareholdings and compliance with relevant laws and regulations[24] Accounting Changes - Following the new accounting standards, the long-term equity investment will be adjusted from long-term equity investment to available-for-sale financial assets, impacting the 2013 financial statements[27] - As of September 30, 2013, the consolidated balance sheet shows a decrease in long-term equity investment by 150,000 RMB, an increase in available-for-sale financial assets by 1,205,300 RMB, and an increase in undistributed profits by 1,055,300 RMB[27] - For the nine months ended September 30, 2013, the consolidated income statement reflects a decrease in investment income by 110,600 RMB[27] - As of December 31, 2013, the consolidated balance sheet indicates a decrease in long-term equity investment by 150,000 RMB, an increase in available-for-sale financial assets by 1,493,100 RMB, and an increase in undistributed profits by 1,208,800 RMB[28] - The consolidated income statement for the year 2013 shows an increase in investment income by 177,200 RMB[28] Joint Ventures and Sales - The company's overseas sales revenue for laser packaging materials reached RMB 44.98 million, a year-on-year increase of 201.88%[15] - The joint venture with Guizhou Salt Industry Group's subsidiary generated sales revenue of RMB 42.58 million, up 34.96% year-on-year, with a net profit of RMB 9.32 million, reflecting a 150.82% increase[15] Other Developments - The company completed the deregistration of its subsidiary Shenzhen Jiameida Printing Co., Ltd., which will not significantly impact overall business development or profitability[20] - The company anticipates that the establishment of new subsidiaries will not have a significant impact on its financial status and operating results for the 2014 fiscal year[21] - The company has made commitments regarding the relocation risks of its production bases, ensuring to bear all losses arising from the inability to use leased properties before relocation[23] - The company does not hold any securities investments or shares in other listed companies during the reporting period[26]