Revenue and Profit - Revenue for Q1 2022 was CNY 3,908,859,313.59, an increase of 4.28% compared to CNY 3,748,503,032.25 in the same period last year[4] - Net profit attributable to shareholders decreased by 14.36% to CNY 52,339,010.08 from CNY 61,118,059.96 year-on-year[4] - Operating profit decreased to ¥48,357,242.44, down 44.2% from ¥86,596,663.60 in the previous period[19] - Net profit for the current period was ¥43,440,129.70, a decline of 40.9% compared to ¥73,500,437.00 from the previous period[20] - Basic earnings per share were ¥0.04, down from ¥0.05 in the previous period[21] Cash Flow - Net cash flow from operating activities increased by 31.59% to CNY 161,064,711.02 compared to CNY 122,400,496.38 in the previous year[4] - Cash flow from operating activities generated a net amount of ¥161,064,711.02, an increase of 31.5% from ¥122,400,496.38[23] - Cash inflow from investment activities was ¥4,190,589.65, while cash outflow was ¥95,462,523.39, resulting in a net cash flow of -¥91,271,933.74[23] - The net cash flow from financing activities was -32,860,975.56, a decrease compared to 138,100,934.18 in the previous year[24] - The total cash and cash equivalents at the end of the period were 318,949,425.40, down from 678,534,384.39 year-over-year[24] - The cash and cash equivalents increased by 36,366,828.74 during the quarter, compared to an increase of 134,977,490.92 in the same quarter last year[24] - The cash outflow from financing activities totaled 668,250,975.56, an increase from 461,868,521.55 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,163,181,658.54, a decrease of 4.27% from CNY 9,572,154,203.43 at the end of the previous year[5] - The company's current assets totaled RMB 5,984,150,458.42, down from RMB 6,407,407,971.99, indicating a decrease of about 6.6%[14] - Accounts receivable decreased to RMB 3,092,845,764.47 from RMB 3,579,527,376.02, representing a reduction of approximately 13.6%[14] - Inventory levels decreased to RMB 1,855,443,787.58 from RMB 1,950,972,422.08, showing a decline of around 4.9%[14] - Total liabilities decreased to RMB 5,417,341,935.92 from RMB 5,847,286,630.74, reflecting a decrease of about 7.4%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,955[10] - The largest shareholder, Xinjiang Xinghui Investment Management Partnership, held 32.07% of the shares, amounting to 397,173,280 shares[11] Tax and Expenses - The company's income tax expense decreased by 73.07% due to a reduction in total profit[8] - The company incurred a tax expense of ¥3,512,444.70, significantly lower than ¥13,044,645.72 in the previous period[19] - Other comprehensive income after tax was -¥1,146,294.98, an improvement from -¥4,929,099.87 in the previous period[20] Equity and Retained Earnings - The total equity attributable to shareholders rose to RMB 3,434,036,952.89 from RMB 3,400,189,787.91, indicating an increase of about 1.0%[16] - The company's retained earnings increased to RMB 1,561,739,239.66 from RMB 1,513,303,330.68, representing a growth of approximately 3.2%[16] Other Financial Metrics - The weighted average return on equity was 1.53%, down from 1.76% in the same period last year[4] - The company reported a significant increase in accounts receivable financing by 376.01% compared to the beginning of the period[8] - The company experienced a 42.07% decrease in construction in progress due to transfers to fixed assets during the reporting period[8] - The company's short-term borrowings increased to RMB 1,203,950,000.00 from RMB 1,169,250,000.00, marking an increase of approximately 2.3%[15] - The company's non-current assets totaled RMB 3,179,031,200.12, slightly up from RMB 3,164,746,231.44, showing an increase of about 0.4%[15] Audit Information - The company did not conduct an audit for the first quarter report[25]

证券代码：002228 证券简称：合兴包装 公告编号：2022-035 号 债券代码：128071 债券简称：合兴转债 厦门合兴包装印刷股份有限公司 关于参加厦门辖区上市公司 2021 年年报业绩说明会 暨投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 厦门合兴包装印刷股份有限公司（以下简称"公司"）已于 2022 年 4 月 21 日披露了《2021 年年度报告》。为进一步加强与投资者的互动交流，便于广大投 资者更深入全面地了解公司情况，公司将参加由厦门证监局指导，厦门上市公司 协会和深圳市全景网络有限公司联合举办的"2021 年年报业绩说明会暨投资者网 上集体接待日"活动，现将相关事项公告如下： 本次说明会暨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进 行，投资者可登录"全景网投资者关系互动平台"（http://ir.p5w.net) 参与本次互 动交流。活动时间为 2022 年 5 月 10 日（星期二）下午 14:30-16:00。 活动出席人员有：公司董事长兼总经理许晓光先生、财务总监蔡丽容女士、 独立董事肖 ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2021, reaching a total revenue of 1.2 billion RMB[18]. - The company's operating revenue for 2021 was ¥17,548,783,681.24, representing a 46.16% increase compared to ¥12,006,566,056.57 in 2020[24]. - Net profit attributable to shareholders decreased by 24.73% to ¥218,353,873.41 in 2021 from ¥290,079,358.76 in 2020[24]. - The total profit for 2021 was ¥243,927,566.77, which is a decrease of 37.06% year-over-year[54]. - The basic and diluted earnings per share both fell by 25.00% to ¥0.18 in 2021 from ¥0.24 in 2020[25]. - The net cash flow from operating activities was ¥300,069,074.25, down 14.15% from ¥349,534,205.50 in 2020[25]. - The weighted average return on equity decreased to 6.39% in 2021 from 8.98% in 2020, a decline of 2.59%[25]. - The company reported a net profit of 7 million RMB for the period from June 1, 2016, to December 31, 2016, with a commitment to achieve a total of 7.2 million RMB for the first half of 2021[186]. - The actual performance for the first half of 2021 was 645.13 million CNY, which did not meet the expected performance due to rising raw material prices and delayed product price adjustments[193]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend record date[4]. - The company distributed a cash dividend of ¥122,195,004.50, amounting to ¥1.00 per 10 shares, based on a total share capital of 1,221,950,045 shares after deducting repurchased shares[157]. - The total cash dividend for the year is projected to be ¥308,590,382.99, which represents 100% of the distributable profit of ¥448,238,407.72[159]. - The company plans to distribute a cash dividend of ¥1.50 per 10 shares, with an estimated total cash dividend of ¥179,749,736.25 based on the adjusted share capital[160]. - The board of directors has approved a dividend payout of 0.5 CNY per share, totaling 50 million CNY[148]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the e-commerce packaging sector, which is expected to grow by 20% annually[18]. - The company plans to expand its paper-plastic packaging production capacity with new production lines in Thailand and Shanghai[58]. - Market expansion plans include entering two new provinces, aiming for a 5% market share in those regions within the next year[133]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of 300 million yuan earmarked for potential deals[133]. - The company plans to enhance its core competitiveness by integrating digital printing and IT technologies, focusing on innovative packaging solutions such as digital variable printing and AR packaging[103]. Research and Development - The company has a strong focus on R&D, with established innovation centers for packaging technology and flexographic printing[49]. - The company invested ¥30,452.72 million in R&D during the reporting period, with total R&D investment over the last three years amounting to ¥63,576.94 million[58]. - Research and development expenses rose by 56.77% to ¥304,527,175.19 in 2021 from ¥194,256,387.09 in 2020, reflecting increased investment in R&D[74]. - The company has invested 50 million CNY in R&D for new packaging technologies aimed at sustainability[148]. - The number of R&D personnel increased by 30.03% to 788 in 2021, up from 606 in 2020[76]. Operational Efficiency and Cost Management - The company has engaged in strategic partnerships to enhance its supply chain efficiency, which is projected to reduce costs by 10%[18]. - The company is focusing on digital and intelligent transformation in packaging production to enhance efficiency and profitability amid rising labor costs[38]. - The company plans to implement a comprehensive cost reduction and efficiency enhancement strategy in 2022, focusing on budget management and optimizing product structure to increase the sales proportion of high-margin products[100]. - The company achieved a cash dividend payout ratio of 113.03% of the average distributable profit over the last three years, ensuring shareholder returns[59]. - The gross profit margin for the packaging manufacturing sector was 10.94%, while the gross profit margin for the industrial paper segment was 0.75%[65]. Environmental Commitment - The company is committed to sustainable practices and has implemented measures to reduce its environmental impact, aligning with industry standards[18]. - The company has been recognized as a key pollutant discharge unit by environmental protection authorities, indicating its significant environmental impact[173]. - The company has implemented various pollution control measures and continuously upgrades its environmental protection facilities to ensure compliance with national emission standards[174]. - The company has established emergency response plans for environmental incidents and conducts regular training to enhance its response capabilities[176]. - The company is committed to adhering to environmental laws and regulations, with ongoing monitoring of its noise emissions and pollution control measures[178]. Governance and Compliance - The company’s board of directors has confirmed that all members attended the meeting to review the annual report, ensuring governance transparency[4]. - The company’s financial statements have been audited by Lixin Certified Public Accountants, ensuring compliance and accuracy in reporting[23]. - The company maintains strict compliance with information disclosure regulations, ensuring accurate and timely communication to all investors[119]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finance, with no unfair related transactions[120]. - The company has established effective communication channels with investors, including a dedicated investor relations platform[119]. Risks and Challenges - The company is facing risks related to macroeconomic fluctuations and raw material price volatility, which could impact future performance[4]. - The company faces macroeconomic risks due to its reliance on downstream industries like home appliances and food and beverage, which may be affected by economic fluctuations[105]. - Raw material costs, particularly for corrugated paper and boxboard, account for over 65% of the company's operating costs, making price fluctuations a significant risk[107]. - Ongoing COVID-19 pandemic risks could impact production and operations, prompting the company to enhance communication with clients and suppliers to manage these challenges[110]. - Rapid growth may lead to management risks as the company's organizational structure becomes more complex, potentially affecting operational efficiency[109].

Financial Performance - Revenue for Q3 2021 reached ¥4,453,975,150.43, an increase of 34.71% compared to the same period last year, and a year-to-date revenue of ¥12,667,873,687.59, up 56.96% year-on-year[5] - Net profit attributable to shareholders for Q3 2021 was ¥53,865,619.16, a decrease of 32.32% year-on-year, with a year-to-date net profit of ¥204,738,357.50, down 5.99%[5] - Basic earnings per share for Q3 2021 was ¥0.05, a decline of 16.67% compared to the same period last year, with a year-to-date EPS of ¥0.17, down 5.56%[5] - Operating profit for Q3 2021 was ¥196.95 million, down 26.0% from ¥265.54 million in Q3 2020[27] - Net profit for Q3 2021 was ¥218.09 million, a decrease of 10.4% compared to ¥243.29 million in the same quarter of the previous year[27] Cash Flow and Liquidity - Operating cash flow for the year-to-date period increased by 58.32% to ¥226,201,286.91, indicating improved cash generation from operations[5] - The cash inflow from operating activities reached ¥11,611,855,394.79, a significant increase of 73.5% compared to ¥6,713,014,368.68 in the previous period[31] - The net cash flow from operating activities was ¥226,201,286.91, up 58.2% from ¥142,875,426.24 in the prior period[31] - The cash outflow for investing activities totaled ¥501,412,966.52, compared to ¥391,902,254.95 in the previous period, indicating an increase of 28.1%[32] - The net cash flow from financing activities was ¥114,908,945.14, down 48.5% from ¥223,243,786.94 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,512,197,422.45, reflecting a 16.99% increase from the end of the previous year[6] - Total assets increased to ¥9.51 billion, up 17.0% from ¥8.13 billion year-over-year[24] - Total liabilities rose to ¥5.78 billion, an increase of 33.1% from ¥4.34 billion in the previous year[24] - Current liabilities totaled ¥3,665,035,400.81, remaining unchanged from the previous period[36] - Non-current liabilities were reported at ¥675,262,947.73, a decrease of ¥63,122,522.49 compared to the previous period[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,248, with the largest shareholder holding 32.07% of the shares[13] - The total number of shares held by the top ten shareholders includes a significant stake of 397,173,280 shares held by Xinjiang Xinghui Equity Investment Management Partnership[16] - The second phase of the share repurchase plan has resulted in the buyback of 14,397,702 shares for a total amount of RMB 51,481,271.80, reflecting the company's commitment to shareholder value[18] Research and Development - Research and development expenses increased by 75.45% year-on-year, indicating a significant increase in investment in new product development[12] - Research and development expenses for Q3 2021 were ¥220.11 million, representing a 75.5% increase from ¥125.45 million in Q3 2020, highlighting the company's commitment to innovation[26] Inventory and Receivables - The accounts receivable increased to RMB 3,476,438,079.95 from RMB 2,987,358,551.07, representing a rise of about 16.3% year-over-year[22] - The inventory value rose to RMB 1,758,763,215.74, compared to RMB 1,399,770,453.46 at the end of 2020, indicating an increase of approximately 25.7%[22] Strategic Initiatives - The company has invested approximately RMB 5.1 billion in the Xingtang Intelligent Environmental Packaging Project, with the main engineering completed and progress on schedule[17] - The Longtai Intelligent Environmental Packaging Project has received an investment of about RMB 4.6 billion, with project progress also on track[18] - The company has established a strategic focus on environmental packaging solutions, aligning with market trends towards sustainability[17] Other Financial Metrics - The company reported a significant increase in prepayments, which rose to RMB 165,317,512.96 from RMB 72,469,449.96, marking a growth of approximately 128.3%[22] - The cash and cash equivalents as of September 30, 2021, were RMB 696,851,424.14, slightly up from RMB 691,507,988.99 at the end of 2020[22] - The total cash and cash equivalents at the end of the period were ¥400,315,336.46, compared to ¥360,977,091.70 at the end of the previous period, reflecting an increase of 10.5%[32] Audit Status - The third quarter report was not audited[39]

1 债券代码：128071 债券简称：合兴转债 证券代码：002228 证券简称：合兴包装 公告编号：2021-067 号 厦门合兴包装印刷股份有限公司 关于参加 2021 年度厦门辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，便于广大投资者更深入全面地了解公司 情况，厦门合兴包装印刷股份有限公司（以下简称"公司"）将参加由厦门证监 局、厦门上市公司协会和深圳市全景网络有限公司联合举办的"2021年度厦门辖 区上市公司投资者网上集体接待日"活动，现将相关事项公告如下： 本次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进行， 投资者可登录"全景投资者关系互动平台"（http://ir.p5w.net) 参与本次互动交流。 活动时间为2021年9月7日（星期二）下午15:00-17:00。 出席本次接待日活动的人员有：公司董事长兼总经理许晓光先生、财务总监 蔡丽容女士、副总经理兼董事会秘书康春华女士。 欢迎广大投资者积极参与。 特此公告。 厦门合兴包装印刷股份有限公司 董 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥8,213,898,537.16, representing a 72.39% increase compared to ¥4,764,635,588.87 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥150,872,738.34, up 9.17% from ¥138,196,462.47 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,135,952.56, an increase of 26.84% from ¥101,019,954.55 in the same period last year[24]. - The company's PSCP platform generated approximately CNY 2,844 million in revenue, an increase of 80.85% year-on-year[38]. - Revenue from color box packaging grew by 106.88% year-on-year, reflecting the company's successful expansion in this segment[38]. - The company's operating revenue for the first half of 2021 reached ¥8,213,898,537.16, representing a 72.39% increase compared to ¥4,764,635,588.87 in the same period last year[53]. - The cost of goods sold increased by 76.56% to ¥7,430,107,165.37, up from ¥4,208,316,875.20, reflecting the growth in business scale[53]. - Research and development investment surged by 115.34% to ¥138,986,222.65, compared to ¥64,541,560.94 in the previous year, indicating a strong focus on innovation[53]. - The gross profit margin for the packaging manufacturing industry decreased by 2.41% to 12.56% compared to the same period last year[58]. - The revenue from corrugated packaging was ¥5,810,621,578.11, with a year-on-year increase of 53.36%[58]. Cash Flow and Investments - The net cash flow from operating activities decreased by 26.51% to ¥166,791,983.15 from ¥226,948,140.48 in the previous year[24]. - The company's total investment during the reporting period was ¥48,283,878.43, a decrease of 64.29% compared to the previous year[65]. - The net cash flow from investment activities was -¥312,243,370.59, worsening from -¥213,513,053.35 in the first half of 2020[195]. - Cash inflow from financing activities totaled ¥1,058,873,133.78, compared to ¥1,011,701,773.25 in the same period last year, reflecting a growth of 4.7%[196]. - The ending cash and cash equivalents balance was ¥504,300,633.17, a decrease from ¥538,475,340.83 at the end of the previous year[196]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,308,697,501.87, a 14.49% increase from ¥8,130,486,956.15 at the end of the previous year[24]. - The total liabilities reached CNY 5.42 billion, an increase of 24.9% from CNY 4.34 billion[178]. - The company's equity attributable to shareholders rose to CNY 3.53 billion, compared to CNY 3.45 billion, an increase of 2.8%[178]. - The total liabilities to equity ratio increased to 1.39 from 1.15, indicating a higher leverage[178]. - The company's current ratio decreased to 136.92% from 149.35% year-over-year, a decline of 12.43%[170]. Shareholder and Equity Information - The company has implemented two rounds of share repurchase plans, totaling 30,197,695 shares, which is 2.44% of the total share capital[41]. - The total amount spent on share repurchases was CNY 111.36 million, excluding transaction fees[41]. - The largest shareholder, Xinjiang Xinghui Gathering Equity Investment Management Co., Ltd., holds 32.07% of the company's shares, totaling 397,173,280 shares[144]. - The total number of shareholders at the end of the reporting period was 35,347[144]. - The company plans to use repurchased shares for employee stock ownership plans or equity incentive plans[139]. Risks and Challenges - The company acknowledges risks such as macroeconomic fluctuations and raw material price volatility[4]. - The company faces macroeconomic risks due to its reliance on downstream industries, which may affect overall demand for packaging[77]. - The company is exposed to market competition risks as regional competitors continue to emerge in the corrugated packaging industry[78]. - Raw material costs, which account for over 65% of operating costs, pose a significant risk to profitability due to potential price fluctuations[79]. Environmental and Social Responsibility - The company has committed approximately RMB 100 million to establish an eco-friendly packaging printing project in Ningxia, in collaboration with local government and partners[95]. - The company emphasizes the importance of social responsibility, focusing on economic development and environmental protection[93]. - The company provides a safe and comfortable working environment for employees, along with training and promotion opportunities[94]. - The company has implemented noise reduction measures, including the installation of soundproofing facilities, which have passed inspection[92]. - The company is not classified as a key pollutant discharge unit and has adhered to national environmental laws and regulations[92]. Corporate Governance - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[73][72]. - There were no significant litigation or arbitration matters during the reporting period[109]. - The company did not have any violations regarding external guarantees during the reporting period[106]. - The company has committed to not engaging in any competitive business activities during the tenure of its executives[102]. - No significant related party transactions occurred during the reporting period[117].

Financial Performance - The company's operating revenue for Q1 2021 was ¥3,748,503,032.25, representing a 94.13% increase compared to ¥1,930,971,997.39 in the same period last year[7] - Net profit attributable to shareholders was ¥61,118,059.96, up 66.17% from ¥36,781,438.73 year-on-year[7] - The net profit after deducting non-recurring gains and losses surged by 453.43% to ¥56,304,281.86 from ¥10,173,636.57 in the previous year[7] - The basic earnings per share increased by 66.67% to ¥0.05 from ¥0.03 in the same period last year[7] - Operating revenue increased by 94.13% year-on-year, attributed to reduced revenue during the same period last year due to the pandemic[18] - Operating costs increased by 96.69% year-on-year, reflecting the corresponding decrease in costs during the same period last year due to the pandemic[18] - Net profit attributable to the parent company increased by 66.17% year-on-year, driven by increased revenue during the reporting period[23] - Total operating revenue for Q1 2021 reached CNY 2,074,478,142.09, a significant increase from CNY 866,129,753.53 in the same period last year, representing a growth of approximately 139.5%[54] - Net profit for Q1 2021 was CNY 73,500,437.00, compared to CNY 40,389,996.97 in Q1 2020, reflecting an increase of about 82.0%[51] - The company reported a profit before tax of CNY 86,545,082.72 for Q1 2021, compared to CNY 43,870,978.44 in Q1 2020, indicating an increase of approximately 97.0%[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,425,250,514.99, a 3.63% increase from ¥8,130,486,956.15 at the end of the previous year[7] - The net assets attributable to shareholders rose by 1.60% to ¥3,508,424,793.89 from ¥3,453,290,671.71 at the end of the last year[7] - Current liabilities totaled ¥3,880,094,475.62, up from ¥3,665,035,400.81, reflecting an increase of approximately 5.9%[43] - The total liabilities increased to ¥4,557,724,295.52 from ¥4,340,298,348.54, representing a growth of about 5%[43] - The equity attributable to shareholders of the parent company reached ¥3,508,424,793.89, compared to ¥3,453,290,671.71, an increase of approximately 1.6%[44] Cash Flow - The net cash flow from operating activities decreased by 42.66% to ¥122,400,496.38 from ¥213,466,302.78 in the same period last year[7] - The net cash flow from financing activities increased by 315.46% year-on-year, mainly due to an increase in borrowing scale during the reporting period[25] - The net cash flow from operating activities for Q1 2021 was ¥122,400,496.38, a decrease of 42.6% compared to ¥213,466,302.78 in Q1 2020[59] - Total cash inflow from operating activities was ¥3,569,190,193.59, up 70% from ¥2,101,747,358.89 in the previous year[59] - Cash outflow from operating activities totaled ¥3,446,789,697.21, an increase of 82.2% compared to ¥1,888,281,056.11 in Q1 2020[59] - The net cash flow from investing activities was -¥124,304,446.02, worsening from -¥43,322,177.76 in the same period last year[60] - Cash inflow from financing activities was ¥599,969,455.73, a significant increase from ¥387,270,000.00 in Q1 2020[60] - The net cash flow from financing activities improved to ¥138,100,934.18 from ¥33,240,863.96 in the previous year[60] - The ending balance of cash and cash equivalents was ¥678,534,384.39, up from ¥568,811,658.67 at the end of Q1 2020[60] Research and Development - R&D expenses increased by 167.62% year-on-year, due to increased investment in research and development during the reporting period[20] - Research and development expenses increased to CNY 62,653,278.48 in Q1 2021, up from CNY 23,410,986.87 in Q1 2020, marking a growth of approximately 167.0%[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,855, with the top ten shareholders holding a significant portion of the shares[11] Other Financial Metrics - The company reported non-recurring gains of ¥4,813,778.10, including government subsidies and other income[8] - The company received ¥2,087,913,324.59 in cash from sales and services, a 90.5% increase from ¥1,095,577,255.14 in Q1 2020[62] - Total cash outflow for operating activities was ¥2,334,551,788.04, an increase of 109.0% compared to ¥1,112,123,578.51 in the previous year[62] - The company reported a decrease in employee compensation payable to ¥55,757,847.24 from ¥73,923,205.01, a reduction of about 24.6%[43] - The company’s long-term borrowings remained stable at ¥320,000,000.00, unchanged from the previous period[43] - The company’s inventory decreased to ¥242,864,811.77 from ¥348,647,413.38, indicating a decline of approximately 30.3%[44] - Sales expenses for Q1 2021 amounted to CNY 91,307,898.79, compared to CNY 59,630,189.86 in Q1 2020, an increase of about 53.2%[50] - The financial expenses for Q1 2021 were CNY 23,370,684.98, slightly down from CNY 23,884,168.50 in Q1 2020, a decrease of about 2.1%[50] - Other income for Q1 2021 was CNY 7,904,818.59, down from CNY 18,481,177.08 in Q1 2020, reflecting a decrease of approximately 57.3%[50]

Financial Performance - The company's operating revenue for 2020 was ¥12,006,566,056.57, an increase of 8.20% compared to ¥11,096,782,559.30 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥290,079,358.76, reflecting an increase of 8.73% from ¥266,799,359.28 in 2019[16]. - The net profit after deducting non-recurring gains and losses was ¥240,500,328.32, up 10.69% from ¥217,264,214.92 in 2019[16]. - The total profit for 2020 was CNY 387,565,390.14, reflecting an 8.03% growth year-on-year[45]. - The basic earnings per share for 2020 was ¥0.24, a 4.35% increase from ¥0.23 in 2019[16]. - The weighted average return on equity for 2020 was 8.98%, down from 9.32% in 2019[16]. - The company reported a net cash flow from operating activities of ¥349,534,205.50, a decrease of 10.62% from ¥391,068,971.93 in 2019[16]. Assets and Liabilities - The company's total assets at the end of 2020 were ¥8,130,486,956.15, a 24.85% increase from ¥6,512,305,837.19 at the end of 2019[17]. - The net assets attributable to shareholders increased by 13.97% to ¥3,453,290,671.71 at the end of 2020, compared to ¥3,029,964,985.03 at the end of 2019[17]. - The company's cash and cash equivalents at the end of 2020 amounted to CNY 69,150.80 million, a 35.08% increase from the beginning of the year[32]. - The company's inventory at year-end 2020 was CNY 1,399,770,453.46, representing 17.22% of total assets[86]. - The company's long-term borrowings increased to CNY 320,000,000.00 during the reporting period[86]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares (including tax) based on the total share capital as of the record date for the 2020 equity distribution[4]. - The company’s cash dividend policy distributed CNY 1.00 per 10 shares, representing 41.84% of distributable profits, reflecting a commitment to shareholder returns[53]. - The company distributed a cash dividend of 1.00 CNY per 10 shares, totaling 123,862,933.90 CNY for the year 2020, which represents 42.70% of the net profit attributable to ordinary shareholders[126]. - The company’s cash dividends for 2018, 2019, and 2020 were 58,475,847.40 CNY, 116,953,607.40 CNY, and 123,862,933.90 CNY respectively, showing a consistent increase in dividend payouts[131]. Operational Efficiency and Strategy - The company has established a standardized production model to enhance efficiency and reduce costs[26]. - The company focuses on high-end corrugated boxes and packaging materials, emphasizing quality and environmental sustainability[25]. - The company aims to focus on sustainable development, optimizing product structure, and enhancing intelligent manufacturing in its 2021 strategic goals[111]. - The company plans to develop green packaging products, which are characterized by low material consumption and recyclability, aligning with national environmental policies[113]. - The company intends to accelerate automation and smart manufacturing to improve operational efficiency and product competitiveness[115]. Market Position and Client Relationships - The company has established a strong brand presence with major clients including Haier, Midea, and Dell, enhancing its competitive advantage in the market[37]. - The company maintained strong relationships with major clients, including Budweiser and Haier, while successfully onboarding new clients such as Haitian and Nongfu Spring, laying a solid foundation for future growth[50]. - The company has over 50 production bases across the country, positioning it among the leaders in the domestic packaging industry[42]. Research and Development - The company invested CNY 194.26 million in R&D, accounting for 1.62% of operating revenue, with a total of 381 patents obtained, including 8 invention patents[51]. - The number of R&D personnel rose by 88.79% to 606, representing 5.85% of the total workforce[78]. Environmental Responsibility - The company is committed to social responsibility, focusing on economic development and environmental protection[177]. - The company strictly adheres to environmental protection laws and has implemented measures for pollution control, energy conservation, and emission reduction[184]. - The company has established an emergency response plan for environmental incidents and conducts regular training and drills to enhance response capabilities[186]. - The company reported no significant environmental incidents or additional environmental information that needed to be disclosed[188]. Risks and Challenges - The company faces macroeconomic risks that could impact demand in the packaging industry, as it is closely tied to consumer retail sectors[117]. - The competitive landscape in the corrugated packaging industry is intensifying, with regional players emerging and increasing market share[118]. - Raw material costs, which account for over 65% of operating costs, pose a risk due to potential price fluctuations in paper products[119]. - The company experienced management risks due to rapid growth, leading to increased complexity in organizational structure and decision-making processes[120]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the annual report, ensuring accountability for any misleading statements or omissions[3]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[144]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[155].

厦门合兴包装印刷股份有限公司 2020 年第三季度报告全文 厦门合兴包装印刷股份有限公司 2020 年第三季度报告 2020 年 10 月 1 厦门合兴包装印刷股份有限公司 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。 公司负责人许晓光、主管会计工作负责人蔡丽容及会计机构负责人(会计主 管人员)蔡丽容声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门合兴包装印刷股份有限公司 2020 年第三季度报告全文 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲 销部分） | -1,396,665.34 | | | 计入当期损益的政府补助（与企业业务密切相关，按 照国家统一标准定额或定量享受的政府补助除外） | 33,762,627.71 | | | 除上述各项之外的 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥4.76 billion, a decrease of 13.14% compared to ¥5.49 billion in the same period last year[18]. - The net profit attributable to shareholders was approximately ¥138.20 million, representing an increase of 3.32% from ¥133.76 million in the previous year[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥101.02 million, down 16.00% from ¥120.26 million in the same period last year[18]. - The net cash flow from operating activities increased by 26.97% to approximately ¥226.95 million, compared to ¥178.74 million in the previous year[18]. - Basic earnings per share increased by 9.09% to ¥0.12, compared to ¥0.11 in the same period last year[18]. - The company's revenue in the packaging manufacturing sector was approximately CNY 3.19 billion, a decrease of 20.58% compared to the same period last year, with a gross margin of 17.21%, up 1.74% year-on-year[40]. - Revenue from the industrial chain services segment increased by 7.28% year-on-year to approximately CNY 1.57 billion, with a gross margin of 4.98%[40]. - The company's total investment during the reporting period was CNY 135.21 million, representing a significant increase of 500.33% compared to CNY 22.52 million in the same period last year[48]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥6.80 billion, an increase of 4.48% from ¥6.51 billion at the end of the previous year[18]. - The net assets attributable to shareholders were approximately ¥3.05 billion, a slight increase of 0.74% from ¥3.03 billion at the end of the previous year[18]. - The company's cash and cash equivalents at the end of the reporting period were approximately CNY 639.59 million, down from CNY 741.94 million at the end of the previous year[45]. - The company's accounts receivable decreased by 3.46% year-on-year, totaling approximately CNY 2.44 billion, which accounted for 35.81% of total assets[45]. - The company's inventory increased to approximately CNY 1.08 billion, representing 15.91% of total assets, up from 14.26% in the previous year[45]. - Total liabilities increased to CNY 4,258,741,856.40 in the first half of 2020, compared to CNY 3,903,794,045.87 in the same period of 2019[172]. Cash Flow - The net cash flow from operating activities increased to CNY 226,948,140.48, up 27.0% from CNY 178,736,146.28 in the same period last year[185]. - The company reported a net cash outflow from investing activities of CNY 213,513,053.35, worsening from a net outflow of CNY 83,255,075.38 in the previous year[185]. - Cash and cash equivalents at the end of the period totaled CNY 538,475,340.83, slightly down from CNY 549,850,414.80 at the end of the first half of 2019[186]. - The total cash and cash equivalents at the end of the period were ¥223,771,889.25, down from ¥332,346,454.94 at the end of the first half of 2019, a decline of about 32.7%[189]. Investment and Projects - The total committed investment for the Eco-friendly Packaging Industrial Smart Factory project is CNY 34,444.65 million, with CNY 3,503.36 million invested in the current period, achieving a progress rate of 40.38%[58]. - The total committed investment for the Qingdao Hexing Packaging Co., Ltd. carton production project is CNY 29,802 million, with CNY 1,458.88 million invested in the current period, achieving a progress rate of 14.39%[58]. - The company has temporarily supplemented working capital with CNY 42,000.00 million of idle raised funds, with a remaining balance of CNY 39,540.00 million as of the end of the reporting period[59]. Risks and Challenges - The company acknowledges risks such as macroeconomic fluctuations and raw material price volatility, urging investors to remain aware of investment risks[4]. - The ongoing global COVID-19 pandemic poses risks to demand, with potential declines in export volumes and domestic market disruptions due to logistics and workforce challenges[74]. - The company is aware of the risks associated with rapid growth, including potential management inefficiencies as the organizational structure becomes more complex[73]. Shareholder and Equity Information - The largest shareholder, Xinjiang Xinghui Investment Management Partnership, holds 33.96% of the shares, totaling 397,173,280 shares[139]. - The second largest shareholder, Hongli Investment Co., Ltd., holds 10.66% of the shares, totaling 124,703,040 shares[139]. - The total number of ordinary shareholders at the end of the reporting period is 30,636[139]. - The company has not implemented any share buyback or repurchase plans during the reporting period[135]. Corporate Governance and Compliance - The company has not undergone any bankruptcy restructuring during the reporting period[89]. - There were no significant litigation or arbitration matters during the reporting period[90]. - The company has not faced any penalties or rectification issues during the reporting period[92]. - The company has fulfilled its commitments on time without any overdue obligations[86]. Social Responsibility and Environmental Compliance - The company helped 92 impoverished disabled individuals find employment and provided education and training to ensure adaptability to work[123]. - The company invested a total of 132.97 million yuan in poverty alleviation efforts during the first half of 2020[124]. - The company has established a monitoring scheme for environmental compliance, utilizing qualified third-party agencies for regular assessments[121].