证券代码：002193 证券简称：如意集团 公告编号：2021-051 山东如意毛纺服装集团股份有限公司 关于参加山东辖区上市公司2021年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，山东如意毛纺服装集团股份有限公司 （以下简称"公司"）将参加由中国证券监督管理委员会山东监管局、山东上市 公司协会联合举办并由深圳市全景网络有限公司承办的"山东辖区上市公司2021 年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net）参与公司本次投资者集体接待日活动，活动时间为2021年11 月16日（星期二）下午14:00－16:00。 届时公司副总经理、董事会秘书、证券事务代表徐长瑞先生将与投资者通过 网络在线交流形式，就投资者关心的问题进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 山东如意毛纺服装集团股份有限公司 董事会 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 167.69 million, a decrease of 7.78% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 1.45 million, down 72.87% year-on-year[4]. - The basic earnings per share decreased by 70.00% to CNY 0.006[5]. - The net profit for Q3 2021 was -44,074,999.21 CNY, compared to a net profit of 17,161,643.82 CNY in the same period last year, indicating a significant decline[21]. - The total comprehensive income for Q3 2021 was -49,263,760.61 CNY, compared to 16,989,603.82 CNY in the previous year[22]. - The basic and diluted earnings per share for Q3 2021 were both -0.17 CNY, compared to 0.08 CNY in Q3 2020[22]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 657.59% compared to the previous year, primarily due to increased cash outflows from trade operations[10]. - The company's cash and cash equivalents decreased significantly to RMB 24,660,169.21 from RMB 462,632,271.66 as of December 31, 2020[15]. - Operating cash flow for Q3 2021 was -368,032,948.19 CNY, a decrease from 66,004,666.20 CNY in Q3 2020[25]. - The total liabilities increased, with cash and cash equivalents at the end of Q3 2021 amounting to 18,416,873.78 CNY, down from 144,536,803.20 CNY at the end of Q3 2020[26]. - The company incurred a loss of 368,032,948.19 CNY from operating activities, while cash outflows from financing activities totaled 300,920,643.63 CNY[25]. - The company reported a decrease in cash flow from financing activities, with cash inflow of 287,741,611.45 CNY compared to 570,447,065.37 CNY in the previous year[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4.75 billion, a decrease of 3.33% from the end of the previous year[5]. - Total assets decreased to RMB 4,748,411,359.21 from RMB 4,911,871,622.24, a decline of 3.32%[18]. - Total liabilities decreased to RMB 2,020,782,630.43 from RMB 2,134,979,132.85, reflecting a reduction of 5.34%[18]. - The company’s total equity decreased to RMB 2,727,628,728.78 from RMB 2,776,892,489.39, a decline of 1.77%[18]. Operational Metrics - Inventory increased by 47.97% compared to the beginning of the year, attributed to the expansion of trade operations[9]. - Sales expenses increased by 52.68% year-on-year, mainly due to higher transportation costs from expanded trade operations[9]. - The company reported a 30.10% decrease in other income compared to the previous year, primarily due to reduced government subsidies[10]. - The weighted average return on equity was 0.11%, down 0.09% from the previous year[5]. - The company reported a significant increase in research and development expenses to RMB 23,482,486.61, up from RMB 20,932,475.32, marking an increase of 12.14%[19]. - Accounts receivable increased to RMB 961,181,634.88 from RMB 941,807,965.81 year-over-year, indicating a growth of 2.93%[16]. - Inventory levels rose to RMB 802,698,789.91, compared to RMB 542,459,373.98 at the end of 2020, representing an increase of 47.88%[16]. Audit Status - The company has not undergone an audit for the Q3 2021 report[27].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥260,735,050.42, a decrease of 20.43% compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥44,753,909.78, representing a decline of 392.86% year-on-year[23]. - The net cash flow from operating activities was -¥307,670,971.59, a significant decrease of 682.35% compared to the previous year[23]. - Basic and diluted earnings per share were both -¥0.17, down 383.33% from ¥0.06 in the same period last year[23]. - The company's revenue for the reporting period was ¥260,735,050.42, a decrease of 20.43% compared to ¥327,676,019.74 in the same period last year[53]. - The company reported a net loss of ¥44,700,041.69 for the first half of 2021, compared to a net profit of ¥12,998,759.13 in the first half of 2020[179]. - Operating profit turned negative at -¥46,711,234.41, down from a profit of ¥14,468,962.25 in the previous year[179]. - The total comprehensive loss for the first half of 2021 was -¥49,888,803.09, compared to a comprehensive income of ¥12,826,719.13 in the first half of 2020[180]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,666,724,661.69, a decrease of 4.99% from the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥2,612,365,083.68, down 1.88% from the end of the previous year[23]. - Total liabilities were CNY 1,939,720,975.42, compared to CNY 2,134,979,132.85 at the end of 2020, indicating a reduction of about 9.13%[170]. - The company's equity attributable to shareholders was CNY 2,612,365,083.68, a slight decrease from CNY 2,662,307,754.86 at the end of 2020[172]. Sales and Market Performance - Domestic sales accounted for 82.16% of total revenue, increasing by 26.52% year-on-year, while international sales decreased by 26.52% to 17.84% of total revenue[55]. - The company's domestic order volume in the first half of 2021 doubled compared to the same period in 2020, with significant growth in professional clothing fabric orders[46]. - The company expects overall orders for military uniforms to exceed 20 million, indicating strong demand in the high-end fabric market[46]. - The apparel segment's revenue decreased by 44.67% year-on-year to CNY 138,817,305.47, negatively impacting overall performance[59]. Production and Manufacturing - The company has developed a full industrial chain smart manufacturing base, driven by a strategy of "technological innovation, high-end positioning, branding, and internationalization"[40]. - The company has achieved a production efficiency increase of over 10% through the launch of the "Ruyi Intelligent Manufacturing" production line, which can produce 200,000 personalized suits annually[42]. - The company’s suit production involves 476 processes and 100 detail treatments, combining smart manufacturing with traditional Italian craftsmanship[36]. - The company has a total production capacity of 4 million meters for fine woolen fabric and 1.5 million sets for clothing, with a capacity utilization rate of 66%[60]. Research and Development - Research and development expenses increased slightly by 3.31% to ¥13,874,341.98 from ¥13,429,217.43 year-on-year[53]. - The company has a strong focus on technological innovation, being recognized as a national high-tech enterprise with multiple awards for its R&D capabilities[49]. - The company has established fashion design centers in Italy, the UK, Japan, and South Korea, and has received hundreds of patents and innovative achievements[40]. Environmental and Social Responsibility - The company is committed to environmental protection and has integrated ISO14001 environmental management system into its operations[98]. - The company has achieved compliance with environmental standards, with wastewater discharge limits including COD ≤ 200 mg/L and ammonia nitrogen ≤ 20 mg/L[99]. - The company actively engages in social responsibility initiatives, including various charitable activities and community support[107]. - The company emphasizes the use of green and non-toxic dyeing agents in its production processes to minimize environmental impact[105]. Risks and Challenges - The company faced risks in its future operations, which are detailed in the management discussion section[7]. - The company faces macroeconomic risks that could impact performance, emphasizing the need for timely adjustments in business strategy[85]. - Rising production costs, including raw materials and labor, are impacting the company's market competitiveness[87]. - The controlling shareholder, Ru Yi Technology, is experiencing liquidity issues, affecting its ability to repay debts[88]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparent information disclosure[101]. - The board acknowledges the non-standard audit opinion and is taking measures to mitigate its impact on the company's operations and investor interests[115]. - The company is enhancing legal and risk awareness among its management and financial personnel through regular training[116].

Financial Performance - The company's operating revenue for 2020 was approximately ¥786.24 million, a decrease of 31.64% compared to ¥1.15 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥5.09 million, down 89.43% from ¥48.17 million in 2019[18]. - The net profit after deducting non-recurring gains and losses was approximately -¥73.38 million, a decline of 550.57% compared to ¥16.29 million in 2019[18]. - The basic earnings per share for 2020 was ¥0.02, down 88.89% from ¥0.18 in 2019[18]. - Total assets at the end of 2020 were approximately ¥4.91 billion, an increase of 0.47% from ¥4.89 billion at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥2.66 billion, a slight increase of 0.28% from ¥2.65 billion at the end of 2019[18]. - The company reported a net profit attributable to shareholders of ¥509.32 million, a decrease of 89.43% compared to the previous year[52]. - The gross profit margin for the clothing sector improved to 29.68%, an increase of 4.26% year-on-year, while the gross margin for the wool spinning sector was only 9.58%, down 15.03%[57]. - The company reported a significant increase in other sales, with a revenue of CNY 30.25 million, marking a 91.91% increase year-on-year[58]. - The company reported a net cash flow from operating activities of ¥145,340,194.40, a 162.72% increase compared to the previous year[79]. Cash Flow and Investments - The net cash flow from operating activities improved to approximately ¥145.34 million, a significant increase of 162.72% from -¥231.72 million in 2019[18]. - The company experienced a 96.30% decrease in cash inflow from investment activities, primarily due to the previous year's recovery of investment funds[80]. - The net cash increase in cash and cash equivalents was ¥343,300,031.82, a significant turnaround from a net decrease of ¥388,297,373.82 in the previous year[79]. - The company reported a year-end accounts receivable balance of ¥644,594,378.36, with a provision for bad debts amounting to ¥52,073,596.25[120]. - The company plans to address the accounts receivable issue by requiring related parties to resolve it through cash payments[123]. Operational Efficiency and Production - The company has achieved a production efficiency increase of over 10% through the implementation of the "Ruyi Intelligent Manufacturing" production line, which can produce 200,000 personalized suits annually[42]. - The company has reduced accounts receivable financing by 61.05% compared to the beginning of the reporting period[44]. - The inventory turnover days for fine woolen fabric and clothing were 269 and 224 days, respectively, with inventory balances decreasing by 21.63% and 42.96% year-on-year[74]. - The company has strengthened its internal control systems, including financial approval and contract management, to mitigate risks and ensure effective execution of internal controls[172]. Market Position and Product Development - The company has positioned itself in the high-end market for professional clothing, with products recognized by international standards such as Oeko-Tex Standard 100[28]. - The company’s main products include high-end worsted fabrics and suits, with a focus on eco-friendly and technologically advanced materials[28]. - The company has developed over 1,000 varieties and nearly 10,000 patterns of its main product, "Ruyi" fine woolen fabric, achieving international advanced levels[46]. - The company is focused on transforming from a traditional manufacturing enterprise to a service-oriented brand enterprise, enhancing its brand influence[42]. - The company is leveraging big data to guide marketing strategies and improve operational efficiency, focusing on product development and cost reduction[50]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect the rights of all shareholders and creditors[156]. - The company has committed to maintaining the independence of its assets, ensuring no misuse of funds or assets by related parties[112]. - The company has pledged to reduce related party transactions to the greatest extent possible[115]. - The company will ensure that any related transactions are conducted at fair market prices, as assessed by qualified intermediaries[115]. - The company has established a commitment to regularly review the execution of related transactions by the board of directors[114]. Environmental Responsibility - The company has implemented measures to ensure environmental protection and compliance with national standards for pollutant emissions[158]. - The company has established a wastewater pre-treatment system with a design capacity of 3,000 tons per day, and the facilities are operating normally with treated wastewater meeting discharge standards[163]. - The company has adopted clean production technologies to reduce energy consumption and environmental pollution, transitioning from traditional high-consumption production methods[160]. - The company has conducted regular environmental inspections, with all results indicating compliance and no adverse effects on production or financial status[167]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 1.32 billion RMB[199]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next fiscal year[200]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[199]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[199]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[199].

Financial Performance - The company's revenue for Q1 2021 was ¥136,225,874.43, representing a decrease of 14.68% compared to ¥159,666,207.42 in the same period last year[9] - Net profit attributable to shareholders was ¥5,572,532.77, down 28.69% from ¥7,814,196.36 year-on-year[9] - Basic earnings per share decreased by 33.33% to ¥0.02 from ¥0.03 in the same period last year[9] - Total operating revenue for Q1 2021 was CNY 136,225,874.43, a decrease from CNY 159,666,207.42 in the previous period[39] - The net profit for Q1 2021 was CNY 5,328,197.37, down 12.0% from CNY 6,054,572.01 in Q1 2020[42] - The total profit for Q1 2021 was CNY 7,495,035.50, a decline of 6.6% from CNY 8,028,038.74 in the previous year[42] - The company's basic and diluted earnings per share for Q1 2021 were both CNY 0.02, compared to CNY 0.03 in Q1 2020[42] - The operating profit for Q1 2021 was CNY 6,939,274.25, down 11.9% from CNY 7,877,724.59 in the same period last year[42] - The total comprehensive income for Q1 2021 was CNY 5,328,197.37, down from CNY 6,199,085.61 in the previous year[42] Cash Flow and Liquidity - The net cash flow from operating activities was -¥353,503,013.66, a significant decline of 3,264.68% compared to -¥10,506,301.87 in the previous year[9] - Cash and cash equivalents decreased by 87.38% compared to the same period last year, primarily due to increased cotton yarn purchases[16] - The company's cash flow from operating activities was negative CNY 353,503,013.66, compared to negative CNY 10,506,301.87 in the previous year[49] - Total cash inflow from operating activities was 83,331,143.21 RMB, down 49.9% from 166,067,126.69 RMB in Q1 2020[52] - Cash outflow from operating activities reached 121,546,332.70 RMB, a decrease of 31.5% compared to 177,224,671.66 RMB in the previous year[52] - The company reported a net cash flow from investing activities of -63,576,060.66 RMB, significantly worse than -614,000.00 RMB in Q1 2020[52] - Cash inflow from financing activities totaled 17,819,910.00 RMB, down 94.8% from 342,302,712.49 RMB in the same quarter last year[53] - The net cash flow from financing activities was -972,494.07 RMB, contrasting with a positive cash flow of 36,453,269.82 RMB in Q1 2020[53] - The ending cash and cash equivalents balance was 2,621,894.75 RMB, a significant drop from 34,298,953.03 RMB at the end of Q1 2020[53] - The company experienced a net decrease in cash and cash equivalents of -102,791,696.53 RMB, compared to an increase of 24,543,321.31 RMB in the previous year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,751,780,966.89, down 3.26% from ¥4,911,871,622.24 at the end of the previous year[9] - The total liabilities decreased to CNY 1,825,427,743.42 from CNY 1,858,879,189.90, indicating improved financial stability[37] - The total equity attributable to shareholders increased to CNY 2,711,042,062.82 from CNY 2,696,700,756.89, showing a slight growth in shareholder value[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,739[12] - The largest shareholder, Shandong Ruyi Technology Group Co., Ltd., held 23.12% of the shares, amounting to 60,514,665 shares[12] Operational Changes - The company did not engage in any repurchase transactions during the reporting period[13] - The company plans to acquire 74.36% equity of China Ruiyi Technology Group Co., Ltd. and 60% equity of Jining Ruiyi Brand Investment Holding Co., Ltd. through a share issuance[17] - The acquisition aims to ultimately achieve 100% ownership of Jining Ruiyi Brand after completing the repurchase of 40% equity from a related party[17] - The ongoing transaction is affected by the overseas COVID-19 pandemic, causing delays in auditing, evaluation, and due diligence processes[18] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥21,031,307.94 for the period[10] - Accounts receivable financing increased by 293.17% year-on-year, mainly due to an increase in payable notes[16] - Other receivables rose by 46.68% compared to the previous year, primarily due to increased inter-company transactions[16] - Contract liabilities decreased by 55.87% year-on-year, mainly due to a reduction in advance payments[16] - Sales expenses increased by 180.96% compared to the previous year, primarily due to increased transportation costs at the subsidiary Jining Ruiyi New Materials Technology Co., Ltd.[16] - Other income increased by 245.7% compared to the beginning of the period, mainly due to increased government subsidies related to operations[16] - Research and development expenses were CNY 6,292,599.90, a slight decrease from CNY 6,607,233.40, indicating a focus on cost management[40] - The company reported a financial expense of CNY 8,592,931.30, down from CNY 16,585,446.58, reflecting improved cost control measures[40] - The company’s investment income was reported at CNY 19,462,500.00, consistent with the previous period, indicating stable investment performance[40] Audit Information - The company did not undergo an audit for the Q1 2021 report[54]

Financial Performance - Operating revenue for the reporting period was ¥530,142,293.17, representing a significant increase of 119.50% year-on-year[9] - Net profit attributable to shareholders was ¥5,354,083.28, a decrease of 73.68% compared to the same period last year[9] - Basic earnings per share for the reporting period was ¥0.02, down 75.00% from the previous year[9] - The weighted average return on net assets was 0.20%, a decrease of 0.58% compared to the previous year[9] - Total operating revenue for Q3 2020 reached ¥530,142,293.17, compared to ¥241,519,552.32 in the same period last year, indicating a significant increase[43] - Total operating revenue for the third quarter was CNY 135,694,991.02, a decrease of 51.5% compared to CNY 279,720,560.08 in the same period last year[48] - Net profit for the third quarter was CNY 4,162,884.69, a significant decline of 77.9% from CNY 18,804,320.84 in the previous year[45] - The total profit for the third quarter was CNY 5,723,542.71, down 73.0% from CNY 21,135,407.18 in the previous year[45] - The company achieved an operating profit of CNY 5,333,183.43 for the third quarter, down 74.4% from CNY 20,818,905.30 in the same period last year[45] - The total comprehensive income for the third quarter was CNY 4,162,884.69, compared to CNY 18,573,787.24 in the previous year, indicating a decrease of 77.6%[46] - The total comprehensive income for Q3 2020 was CNY 16,989,603.82, a decrease of 76.0% from CNY 70,910,124.00 in the previous year[53] Cash Flow - The net cash flow from operating activities was ¥105,331,287.84, an increase of 188.23% year-on-year[9] - Net cash flow from operating activities increased by 138.27% year-on-year, primarily due to an increase in cash inflows from operating activities compared to the same period last year[17] - Net cash flow from investing activities decreased by 89.66% year-on-year, mainly due to the recovery of financial investment funds in the same period last year[17] - Net cash flow from financing activities increased by 66.23% year-on-year, primarily due to a greater reduction in cash outflows from financing activities compared to the reduction in cash inflows during the reporting period[17] - Operating cash inflow for the current period reached CNY 1,073,138,787.80, an increase from CNY 809,178,845.03 in the previous period[60] - Net cash flow from operating activities was CNY 66,004,666.20, a significant improvement compared to a net outflow of CNY -172,454,942.01 in the previous period[62] - Cash inflow from financing activities totaled CNY 570,447,065.37, a decrease from CNY 1,325,328,673.83 in the previous period[63] - The net cash flow from financing activities was CNY -28,067,180.53, compared to CNY -83,100,631.29 in the previous period, showing a reduced outflow[63] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,077,915,591.35, an increase of 3.87% compared to the end of the previous year[9] - Non-current assets totaled ¥3,165,128,917.62 as of September 30, 2020, up from ¥3,046,718,018.75 at the end of 2019, reflecting a growth of approximately 3.9%[40] - Total liabilities reached CNY 2,113,788,531.62, with current liabilities at CNY 2,037,700,873.53 and non-current liabilities at CNY 76,087,658.09[73] - The company's total liabilities reached ¥2,031,688,737.01, up from ¥1,907,999,007.51, marking an increase of around 6.5%[41] - The equity attributable to shareholders of the parent company was ¥2,684,258,736.02, compared to ¥2,643,599,415.26, reflecting a growth of about 1.5%[41] - Owner's equity totaled CNY 2,774,978,692.38, including CNY 261,715,550.00 in share capital and CNY 698,905,352.42 in undistributed profits[73] Shareholder Information - The company reported a total of 15,295 common shareholders at the end of the reporting period[13] - The top shareholder, Shandong Ruyi Technology Group Co., Ltd., holds 23.12% of the shares, totaling 60,514,665 shares[13] Operational Costs and Expenses - Operating costs increased by 41.87% year-on-year, mainly due to an expanded consolidation scope compared to the same period last year[17] - Financial expenses increased by 56.26% year-on-year, primarily due to an increase in borrowings during the reporting period[17] - The total operating costs for the year-to-date period reached CNY 1,046,669,549.88, an increase of 34.7% from CNY 776,776,945.35 in the previous year[51] - Research and development expenses for the third quarter were CNY 7,503,257.89, a decrease of 47.8% compared to CNY 14,346,948.24 in the previous year[48] - The company reported a financial expense of CNY 23,659,476.38, which is an increase of 145.1% from CNY 9,637,374.99 in the same quarter last year[48] Investment Activities - The company plans to acquire 74.36% equity of China Ruyi Technology Group Co., Ltd. and 60% equity of Jining Ruyi Brand Investment Holdings Co., Ltd. through a share issuance[18] - The company reported a significant increase in non-current financial assets, totaling CNY 1,098,550,000.00[72] - The company reported a total of CNY 1,098,550,000.00 in other non-current financial assets, highlighting its investment strategy[75] Inventory and Receivables - Accounts receivable financing decreased by 78.58% compared to the beginning of the period, mainly due to concentrated payments of receivable notes in the same period last year[17] - Accounts receivable increased to ¥715,915,062.88 from ¥557,440,361.26, representing a growth of approximately 28.4%[38] - The company’s inventory rose to ¥477,392,635.65 from ¥430,379,807.82, indicating an increase of about 10.9%[38] Audit and Reliability - The third quarter report was not audited, which may affect the reliability of the financial data presented[78]

证券代码：002193 证券简称：如意集团 公告编号：2020-041 山东如意毛纺服装集团股份有限公司 关于参加山东辖区上市公司2020年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，山东如意毛纺服装集团股份有限公司 （以下简称"公司"）将参加由中国证券监督管理委员会山东监管局、山东上市 公司协会与深圳市全景网络有限公司联合举办的"山东辖区上市公司2020年度投 资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net）参与公司本次投资者集体接待日活动，活动时间为2020年9 月29日（星期二）下午15:00－16:55。 届时公司副总经理、董事会秘书、证券事务代表徐长瑞先生将与投资者通过 网络在线交流形式，就投资者关心的问题进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 山东如意毛纺服装集团股份有限公司 董事会 202 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥488,724,376.18, a decrease of 18.32% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥15,281,610.73, down 69.77% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was -¥18,504,796.59, representing a decline of 150.72% compared to the previous year[18]. - The basic earnings per share decreased to ¥0.06, down 68.42% compared to ¥0.19 in the same period last year[18]. - The weighted average return on net assets was 0.57%, down 1.35% from 1.92% in the previous year[18]. - The company reported a significant decrease in investment income, which dropped to zero from ¥16,345,442.44 year-on-year[49]. - The company reported a net profit of CNY 711,093,935.09, compared to CNY 698,905,352.42, indicating an increase of approximately 1.70% in retained earnings[149]. - The company reported a total profit of ¥15,165,656.24, down 75.3% from ¥61,348,035.42 in the first half of 2019[156]. - The total comprehensive income for the first half of 2020 was ¥12,826,719.13, a decrease of 75.5% from ¥52,336,336.76 in the same period last year[157]. Cash Flow and Assets - The net cash flow from operating activities improved to -¥39,326,621.64, an increase of 81.18% from -¥208,998,551.63 in the same period last year[18]. - The company's cash and cash equivalents decreased by 97.58% to ¥2,780,572.00 from ¥114,828,985.30 in the previous year[49]. - The total assets at the end of the reporting period were ¥4,963,863,201.23, an increase of 1.54% from the end of the previous year[18]. - The total liabilities reported are 0, indicating no financial liabilities at the end of the reporting period[60]. - The total cash and cash equivalents at the end of the period was CNY 70,446,247.43, down from CNY 570,792,034.55 at the end of the first half of 2019[166]. - The company's total liabilities amounted to CNY 2,176,057,789.72, a slight increase from CNY 2,113,788,531.62, representing a growth of approximately 2.94%[147]. Business Strategy and Operations - The company continues to focus on the design, production, and sales of textiles and garments, with a strong emphasis on high-end custom fabrics[26]. - The company emphasizes a "technology innovation" strategy, establishing fashion design centers in Italy, the UK, Japan, and South Korea, and has obtained hundreds of patents[35]. - The company has built a global marketing network covering over 20 countries and regions, enhancing its international competitiveness[35]. - The company is focusing on a high-end positioning and boutique strategy, aiming for high-quality development through technological innovation[44]. - The company is exploring new business models such as online sales and customized clothing to adapt to market changes caused by the pandemic[44]. - The company has established six major design and research centers to cater to different market segments, enhancing service reputation and product market recognition[45]. - The company has integrated internal resources to develop a series of products, including business attire and wedding dresses, enhancing its core competitiveness[46]. Research and Development - Research and development investment was ¥13,429,217.43, a slight decrease of 0.64% compared to ¥13,516,344.35 in the previous year[49]. - The company has been recognized as a national high-tech enterprise and has received multiple awards for its technological innovations, including the National Science and Technology Progress Award[39]. - The company aims to enhance its research and development capabilities in textile technology to drive future growth and innovation[185]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The largest shareholder of the company is Shandong Ruyi Technology Group Co., Ltd., and the actual controller is Qiu Yafu[187]. - The total number of shares before the recent changes was 261,715,550, with no new shares issued or other changes affecting the total[121]. - The company has not issued any preferred shares or convertible bonds during the reporting period[132][135]. Environmental and Compliance - The company has established an advanced wastewater pretreatment system with a design capacity of 3000 tons per day, ensuring compliance with environmental discharge standards[110]. - The company has not engaged in any major environmental issues or received administrative penalties related to environmental protection during the reporting period[112]. - The company emphasizes compliance with relevant laws and regulations to protect the interests of all shareholders, especially minority shareholders[83]. Future Outlook - The company plans to enhance internal controls and risk management to mitigate operational risks and ensure sustainable development[83]. - The company plans to acquire 74.36% equity of China Ruyi Technology Group Co., Ltd. and 60% equity of Jining Ruyi Brand Investment Holdings Co., Ltd. through a share issuance[114]. - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[176]. - The company has identified potential acquisition targets to strengthen its market position and diversify its product offerings[176].

Financial Performance - The company's operating revenue for 2019 was ¥1,150,094,090.63, a decrease of 13.39% compared to ¥1,327,850,333.79 in 2018[18]. - The net profit attributable to shareholders was ¥48,169,527.37, down 51.35% from ¥99,011,852.37 in the previous year[18]. - The net cash flow from operating activities was -¥231,718,441.42, a decline of 351.75% compared to ¥92,044,799.61 in 2018[18]. - Basic earnings per share decreased by 52.63% to ¥0.18 from ¥0.38 in 2018[18]. - Total assets at the end of 2019 were ¥4,888,767,224.00, an increase of 1.93% from ¥4,796,170,521.52 in 2018[18]. - The net assets attributable to shareholders increased by 1.89% to ¥2,654,972,109.77 from ¥2,605,648,307.27 in 2018[18]. - The weighted average return on equity was 1.83%, down from 3.83% in the previous year[18]. - The company received government subsidies amounting to ¥1.04 million in 2019, a significant decrease from ¥19.34 million in 2018[23]. - The company reported a profit from entrusted investment management of ¥40.60 million in 2019, compared to ¥38.18 million in 2018[23]. - The textile industry segment saw a significant decline in revenue, dropping by 35.54% to CNY 311.33 million, while the apparel segment increased by 1.46% to CNY 802.94 million[64]. - Domestic sales accounted for 65.08% of total revenue, decreasing by 23.01%, while international sales increased by 12.91% to CNY 401.63 million[64]. Operational Highlights - The company’s main business includes the design, production, and sales of textiles and garments, with a focus on high-end wool fabrics that meet international standards[27][28]. - The company’s high-end custom series products have an average yarn count of 100S, significantly higher than the industry average of 70-80S, indicating superior quality[28]. - The company has developed functional suits that offer features such as wrinkle resistance, water and oil repellency, and machine washability, catering to modern consumer needs[33][34]. - The company’s operational model integrates intelligent manufacturing with traditional Italian craftsmanship, enhancing product quality and customization[31]. - The company aims to expand its market presence by leveraging its innovative product lines and advanced manufacturing techniques to meet diverse customer demands[36]. - The company has established a global marketing network covering over 20 countries and regions, enhancing its international competitiveness[38]. - The company has developed a personalized custom suit production line with an annual capacity of 200,000 sets, integrating smart stores with flexible manufacturing[39]. - The company has established fashion design centers in Italy, the UK, Japan, and South Korea, enhancing its product development capabilities[38]. - The company has a complete industrial chain, which enhances its ability to adapt to market changes and improves its competitiveness and profitability[38]. Cash Flow and Investments - The company's cash and cash equivalents decreased by 54% primarily due to increased external investment and prepayment for raw materials[44]. - The company has increased its prepaid expenses by 1459.36% due to higher prepayments for raw materials[44]. - The total cash inflow from investment activities increased by 160.08% year-on-year, reaching 1,397,637,585.08 CNY in 2019[84]. - The company reported a significant increase in trading financial assets to CNY 1,330,272,400, with a change of CNY 453,000,000 during the period[91]. - The company invested CNY 1,098,550,000.00 in the 银川维信产业基金, which raised questions regarding the nature of the transaction and its impact on financial statements[136]. - The company plans to invest RMB 86,500 million in the Weixin Fund, acquiring a 32.03% stake as a priority limited partner[139]. Risk Management and Compliance - The company faces potential risks in its future operations as outlined in the report[6]. - The report includes a disclaimer regarding forward-looking statements and the associated risks[6]. - The company is facing risks from macroeconomic changes, including a slowdown in the wool textile industry and potential fluctuations in raw material prices[113]. - The company has established a comprehensive safety production system to mitigate risks associated with fire hazards in textile manufacturing[114]. - The company will comply with relevant laws and regulations, enhancing governance and risk prevention mechanisms to lower operational risks[152]. - The company has committed to reducing related party transactions with 山东如意 and its subsidiaries to protect shareholder interests[131]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect the rights of all shareholders and creditors[197]. - The company emphasizes the importance of a strong corporate culture and talent development to support its future growth[112]. - The company guarantees the independence of its personnel, ensuring that key management does not hold positions in related entities[125]. - The company has committed to maintaining the independence of its operations and assets, ensuring no misuse of funds or assets occurs[126]. - The management team, including the general manager and financial officer, is exclusively dedicated to the listed company, with all senior management positions filled through legal procedures[126]. - The company will ensure that any related transactions are conducted at market prices and follow legal procedures for approval and disclosure[126]. Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company aims to transform into a technology-driven fashion service provider, focusing on high-end positioning and quality products[104]. - The company plans to leverage the Internet and AI to enhance its core competitiveness and achieve high-quality development in 2020[105]. - The company is focusing on high-quality, differentiated, and functional products while establishing a standardized service system to drive growth[107]. - The company is expanding its new retail model by collaborating with e-commerce platforms and utilizing live streaming to increase product visibility and sales data[108]. - The company aims to develop a sustainable supply chain platform that integrates online and offline operations[103].

Financial Performance - The company's operating revenue for Q1 2020 was ¥159,666,207.42, a decrease of 40.03% compared to ¥266,260,054.41 in the same period last year[9] - The net profit attributable to shareholders was ¥7,814,196.36, down 22.78% from ¥10,119,538.99 year-on-year[9] - The net profit after deducting non-recurring gains and losses was -¥10,275,803.68, a decline of 237.67% compared to ¥7,463,910.58 in the previous year[9] - Basic earnings per share decreased by 25.00% to ¥0.03 from ¥0.04 year-on-year[9] - The company expects net profit for the first half of 2020 to decline by 50% or more, with an estimated range of 1,000,000 to 1,600,000 yuan[24] - The company reported a net profit of CNY 706,719,548.78, up from CNY 698,905,352.42, indicating a growth of about 1.3% in retained earnings[39] - The net profit for Q1 2020 was CNY 6.05 million, a decline of 36.5% from CNY 9.44 million in Q1 2019[44] - The total comprehensive income for Q1 2020 was CNY 6.20 million, down 35.0% from CNY 9.59 million in the same quarter last year[45] Cash Flow - The net cash flow from operating activities was -¥10,506,301.87, an improvement of 95.18% from -¥217,903,672.06 in the same period last year[9] - Total cash inflow from operating activities was 154,571,193.76 CNY, while cash outflow was 165,077,495.63 CNY, resulting in a net cash flow of -10,506,301.87 CNY[53] - Cash received from sales of goods and services decreased by 41.78% year-on-year, reflecting slow cash flow due to market downturns[18] - The company reported a significant decrease in sales revenue, with cash received from sales of goods and services at 94,799,414.59 CNY, down from 184,324,827.70 CNY year-over-year[56] - The total cash inflow from operating activities decreased by approximately 37.6% compared to the previous year[56] - The company experienced a cash outflow of 81,641,314.73 CNY for purchasing goods and services, a decrease from 378,992,306.56 CNY in the same period last year[56] - Cash inflow from investment activities was 36,000.00 CNY, while cash outflow was 1,471,218.00 CNY, leading to a net cash flow of -1,435,218.00 CNY[54] - Cash inflow from financing activities totaled 207,224,368.74 CNY, with cash outflow of 208,991,785.14 CNY, resulting in a net cash flow of -1,767,416.40 CNY[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,961,874,683.92, an increase of 1.50% from ¥4,888,767,224.00 at the end of the previous year[9] - Current liabilities rose to CNY 2,101,975,592.77 from CNY 2,037,700,873.53, an increase of about 3.5%[37] - Total liabilities increased to CNY 2,180,697,030.02 from CNY 2,113,788,531.62, showing a growth of around 3.2%[37] - Total equity reached CNY 2,781,177,653.90, up from CNY 2,774,978,692.38, indicating a slight increase of 0.2%[39] - Total assets amounted to CNY 4,888,767,224.00, with current assets at CNY 2,106,122,035.34 and non-current assets at CNY 2,782,645,188.66[61] - Total liabilities reached CNY 2,113,788,531.62, with current liabilities at CNY 2,037,700,873.53 and non-current liabilities at CNY 76,087,658.09[62] - The company holds fixed assets valued at CNY 1,257,373,689.84, indicating substantial investment in physical resources[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,558[12] - The largest shareholder, Shandong Ruyi Technology Group Co., Ltd., held 23.12% of the shares, amounting to 60,514,665 shares[13] - The total equity attributable to the parent company was CNY 2,654,972,109.77, reflecting a stable capital structure[62] Research and Development - Research and development expenses increased by 41.42% year-on-year, attributed to an increase in R&D projects and investment[18] - Research and development expenses increased to CNY 6.61 million, up 41.5% from CNY 4.67 million in the previous year[43] Government Support - The company received government subsidies amounting to ¥2,125,939.43 during the reporting period[10] Operational Challenges - Operating revenue decreased by 40.03% year-on-year, primarily due to reduced sales impacted by domestic and international pandemic conditions[18] - Net profit decreased by 35.84% year-on-year, largely due to a decline in operating performance caused by the pandemic[18] - Cash paid for purchasing goods and services decreased by 73.52% year-on-year, due to reduced sales orders and production adjustments[18] - Cash paid for fixed asset purchases decreased by 88.39% year-on-year, primarily due to reduced cash outflow for fixed asset acquisitions[19] Accounting Changes - The company adopted new revenue recognition standards starting in 2020, treating previously received payments for goods as contract liabilities[63] Audit Status - The first quarter report was not audited, indicating preliminary financial results[66]