Financial Performance - The company's operating revenue for 2022 was ¥403,459,669.25, representing a 4.05% increase from ¥387,741,377.38 in 2021[24]. - The net profit attributable to shareholders was -¥31,429,164.03, an improvement of 15.39% compared to -¥37,146,987.85 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥31,539,192.31, showing a 20.05% improvement from -¥39,446,530.49 in 2021[24]. - The net cash flow from operating activities increased by 14.33% to ¥18,299,245.42 from ¥16,005,627.67 in 2021[24]. - The total assets at the end of 2022 were ¥634,093,592.76, a decrease of 3.32% from ¥655,893,509.49 at the end of 2021[24]. - The net assets attributable to shareholders decreased by 30.61% to ¥73,624,869.21 from ¥106,103,509.04 in 2021[24]. - The basic and diluted earnings per share were both -¥0.16, an improvement of 15.79% from -¥0.19 in 2021[24]. - The weighted average return on equity was -34.97%, a decline of 5.03% from -29.94% in the previous year[24]. Business Operations - The company has reported uncertainties regarding its ability to continue as a going concern due to negative net profits in recent years[24]. - The company reported a significant decline in the internet advertising business due to reduced spending in sectors like gaming and online education, contributing to a slowdown in overall industry growth[36]. - The ink manufacturing sector faced challenges from high raw material costs and limited market demand, but the company focused on product innovation and automation to enhance production efficiency[35]. - The company aims to leverage technological advancements, such as AI, to adapt to changing market dynamics in the internet advertising space, emphasizing the need for continuous innovation[37]. - The company has implemented strategies to reduce costs and improve efficiency in response to the competitive pressures in the ink manufacturing market[36]. Research and Development - The company has a robust R&D team that has successfully optimized products for key clients, including projects for smoke packaging and UV products[41]. - The company increased its R&D expenses by 74.75% in 2022, totaling ¥17,256,516.78, to enhance innovation and market competitiveness[59]. - The company is developing UV waterproof fogging varnish to explore new potential markets, which is significant for enhancing economic benefits[63]. - The company is focusing on developing a single-component green ink for PET and PETG packaging films, which has excellent adhesion and scratch resistance, with market sales expected to form by the end of 2022[63]. - The company is working on high-end packaging rainbow pearl ink, which is expected to enhance overall R&D capabilities and market potential, with customer trials ongoing[63]. Market Challenges - The company’s internet advertising business remains sluggish, impacting overall profitability[44]. - The company anticipates 2023 to be a year of recovery and growth, despite facing challenges from macroeconomic fluctuations and increased industry competition[83]. - The ink industry faces challenges such as market saturation and shrinking demand, prompting the company to enhance its competitive strategies and market expansion efforts[84]. - Rising operational costs due to fluctuating raw material prices and increasing labor costs are significant risks, with the company focusing on cost control and efficiency improvements[84]. Environmental and Safety Measures - The company invested a total of 2.83 million RMB in environmental protection measures for wastewater, waste gas, and solid waste treatment in 2022[142]. - The company has established a comprehensive safety management system with 54 safety management regulations and 72 operational procedures[150]. - The company emphasizes safety in its ink manufacturing processes, implementing regular safety checks and training to mitigate risks associated with flammable materials[85]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[145]. Governance and Compliance - The company has conducted multiple shareholder meetings to ensure compliance with governance standards and maintain transparency with shareholders[88]. - The board of directors has held 12 meetings during the reporting period, ensuring effective governance and oversight of company operations[89]. - The company maintains complete independence from its controlling shareholders in terms of business operations, personnel, assets, and financial matters, ensuring no unfair related transactions[92]. - The internal control system has been effectively established and is operational, with no significant internal control deficiencies reported[123][126]. Future Outlook - The company plans to enhance its product offerings and expand into new markets, focusing on green and sustainable ink products in response to increasing environmental regulations[81]. - The company aims to address the growing demand for environmentally friendly ink products, including water-based and UV inks, as part of its strategic development[81]. - The company plans to adjust its market development strategy, maintain existing customer relationships, and seek new business forms to achieve stable growth[83]. - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to drive growth[104].

证券代码：002319 证券简称：*ST 乐通 珠海市乐通化工股份有限公司 投资者关系活动记录表 编号：2021 年第 1 号 | --- | --- | --- | |----------------|------------------------------|------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | 业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | | | 参与单位名称及 | 参与公司 2020 | 年度报告网上业绩说明会的投资者 | | | | | | 人员姓名 | | | | | | | | 时间 | 2021 年 3 月 16 日 | 15:00-17:00 | | 地点 | 全景•路演天下（ | http://rs.p5w.net ） | | 上市公司接待人 | 独立董事王悦女士 | 董事长兼总裁周宇斌先生、董事会秘书 ...

投资者关系活动记录表 编号：2022 年第 2 号 证券代码：002319 证券简称：乐通股份 珠海市乐通化工股份有限公司 | --- | --- | --- | |---------------------------------------------------------------------|------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 \n | 其他（投资者网上集体接待日活动） | | 活动主题 | 2022 | 广东辖区上市公司投资者网上集体接待日活动 | | 活动参与人员 | 中小投资者 | | | 上市公司 ...

Financial Performance - The company's revenue for Q3 2022 was ¥109,625,709.06, representing a year-on-year increase of 1.49%[4] - The net profit attributable to shareholders was -¥4,854,490.44, a decrease of 28.82% compared to the same period last year[4] - The company reported a significant decline in operating profit by 57.09% and total profit by 66.14% due to high ink material costs and restructuring expenses[9] - The net loss for the period was CNY 15,991,645.53, compared to a net loss of CNY 12,534,733.36 in the same period last year, reflecting a deterioration in performance[34] - The company's basic earnings per share were -¥0.024, down 26.32% year-on-year[4] - The company reported a basic and diluted earnings per share of -0.080, worsening from -0.063 in the previous year[34] Cash Flow and Liquidity - The net cash flow from operating activities increased by 26.75% year-to-date, totaling ¥13,440,107.86[4] - The total cash inflow from operating activities was CNY 218,330,785.58, down from CNY 252,569,282.94 in the previous period, indicating a decrease in cash generation[37] - The cash inflow from financing activities totaled 73,000,000.00, down from 195,000,000.00 year-over-year[38] - The cash outflow from financing activities was 82,901,185.39, compared to 214,102,133.52 in the previous year[38] - The net cash flow from financing activities was -9,901,185.39, compared to -19,102,133.52 in the previous year[38] - The ending balance of cash and cash equivalents was 9,350,195.61, down from 14,931,785.16 year-over-year[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥682,372,180.07, reflecting a 4.04% increase from the end of the previous year[4] - The company's total liabilities increased to CNY 591,516,536.97 from CNY 549,744,007.40, reflecting a rise of about 7.6%[29] - The total equity attributable to shareholders decreased to CNY 90,855,643.10 from CNY 106,103,509.04, reflecting a decline in shareholder value[33] - The company's cash and cash equivalents decreased to CNY 9,770,195.61 from CNY 12,597,866.35 at the beginning of the year, representing a decline of approximately 22.9%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,302[11] Investment and Financing Activities - The company plans to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Huaneng Technology Engineering Co., Ltd. through a combination of issuing shares and cash payment[14] - The company aims to raise supporting funds through a non-public offering of shares to its controlling shareholder, Shenzhen Dasheng Asset Management Co., Ltd.[14] - The company decided to continue promoting the issuance of shares and cash payment for asset acquisition after receiving a disapproval notice from the China Securities Regulatory Commission on December 31, 2021[18] - The company received a decision from the China Securities Regulatory Commission (CSRC) on October 10, 2022, denying the approval for the issuance of shares to acquire assets and raise matching funds[20] - The company has not yet completed the payment of the remaining equity acquisition funds and interest as per the agreements signed with stakeholders[24] Operational Metrics - Total operating revenue for the third quarter was CNY 307,318,362.98, an increase from CNY 291,126,350.62 in the previous period[32] - Total operating costs amounted to CNY 322,030,058.28, up from CNY 300,239,542.12 year-on-year[33] - Research and development expenses increased significantly to CNY 13,001,220.81, compared to CNY 7,691,328.62 in the previous year, indicating a focus on innovation[33] Accounts and Receivables - Accounts receivable increased by 31.2% due to an increase in endorsed and discounted acceptance bills[9] - Accounts receivable increased to CNY 161,460,814.15 from CNY 136,652,850.15, reflecting a growth of about 18.1%[28] Inventory and Prepayments - Prepayments surged by 579.93% as a result of increased material procurement payments[9] - The company’s inventory decreased to CNY 51,005,372.79 from CNY 57,037,360.97, a reduction of approximately 10.5%[28] Tax and Regulatory Matters - The company incurred a tax expense of CNY -396,655.34, contrasting with a tax benefit of CNY 2,670,348.84 in the prior year, highlighting changes in tax obligations[34] - The company received a notice of acceptance for its administrative license application from the China Securities Regulatory Commission on May 24, 2022[19] - The company held a board meeting on August 22, 2022, to review and approve the adjusted plan for the issuance of shares and cash payment for asset acquisition[19] - The company is in discussions with creditors regarding the extension of payment terms for principal and interest, with negotiations ongoing as of the report date[25] - The company plans to revise and resubmit the transaction proposal to the CSRC after addressing the feedback from the merger and acquisition committee[21] Audit Information - The company did not undergo an audit for the third quarter report[39]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 197,692,653.92, representing a 7.97% increase compared to CNY 183,108,062.89 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 11,137,155.09, a decrease of 27.04% from a loss of CNY 8,766,314.71 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 11,595,150.11, which is a 14.32% increase in loss compared to CNY 10,143,014.65 in the same period last year[21]. - The basic earnings per share were CNY -0.056, a decrease of 27.27% compared to CNY -0.044 in the same period last year[21]. - The diluted earnings per share were also CNY -0.056, reflecting the same percentage decrease of 27.27%[21]. - The total comprehensive income for the first half of 2022 was a loss of CNY 11,137,155.09, compared to a loss of CNY 8,766,314.71 in the same period of 2021[150]. - The company reported a net loss of CNY 232.72 million for the first half of 2022, compared to a loss of CNY 221.58 million in the same period of 2021[142]. Cash Flow and Assets - The net cash flow from operating activities was CNY 4,120,748.89, showing a slight increase of 2.80% from CNY 4,008,506.07 in the previous year[21]. - The total assets at the end of the reporting period were CNY 663,269,677.89, reflecting a 1.12% increase from CNY 655,893,509.49 at the end of the previous year[21]. - The company's cash and cash equivalents decreased from 12,597,866.35 yuan at the beginning of the year to 7,682,835.76 yuan by June 30, 2022, a decline of approximately 38.5%[140]. - The total current assets increased from 282,225,578.88 yuan to 302,470,107.62 yuan, reflecting a growth of about 7.1%[140]. - The company's cash inflow from operating activities for the parent company in the first half of 2022 was CNY 16,888,530.62, slightly up from CNY 16,132,941.37 in the first half of 2021[158]. Operational Efficiency and Costs - The cost of goods sold increased by 8.37% to ¥161,679,976.85 from ¥149,186,430.19, resulting in a gross margin decrease[37]. - Research and development expenses rose significantly by 41.80% to ¥7,127,347.18, driven by increased investment in new product development[37]. - The company has implemented a production model based on "sales-driven production" and "fixed reserve," allowing for personalized and differentiated products[30]. - Rising operational costs due to high raw material prices are compressing profit margins, prompting the company to enhance cost control measures[54]. Market and Strategic Initiatives - The company is responding to the "dual control of energy consumption" policy by investing in production process control and end-of-pipe treatment equipment upgrades[32]. - The company plans to adjust its development strategy in response to market changes and enhance its internet advertising business layout[55]. - The company is committed to developing an environmentally friendly economy, focusing on energy conservation and emission reduction, and has invested in research for eco-friendly water-based inks and UV inks[71]. - The company has established a stable procurement network with long-term relationships with major suppliers, ensuring sufficient raw material supply[30]. Environmental and Compliance - The company has received ISO-45001 certification and successfully passed audits for ISO9001 and ISO14001, enhancing its manufacturing capabilities[33]. - The company has established a hazardous waste management system, including agreements with qualified third parties for proper disposal[65]. - The company emphasizes employee rights and has established a comprehensive human resources management system to support staff development and welfare[70]. - No administrative penalties were reported during the reporting period due to environmental issues[69]. Shareholder and Governance - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[4]. - The company emphasizes the protection of shareholder rights by ensuring accurate and complete information disclosure, enhancing communication with investors through platforms like Interactive Easy, and organizing annual performance briefings[71]. - The company has not engaged in any employee stock ownership plans or incentive measures during the reporting period, indicating a focus on operational stability[60]. Asset Restructuring and Acquisitions - The company is in the process of a major asset restructuring, aiming to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Hexinli Technology Engineering Co., Ltd.[89]. - The restructuring plan was approved by the board on October 23, 2020, and has undergone multiple reviews and approvals since then[90][91][92]. - The company has received feedback from the China Securities Regulatory Commission regarding its restructuring application, which it is addressing[92]. - The company plans to issue shares and pay cash to finance the acquisition, pending regulatory approval[115]. Financial Reporting and Compliance - The semi-annual financial report has not been audited, indicating that the financial results are still subject to review[79]. - The financial statements were approved by the board of directors on August 26, 2022[180]. - The company ensures that all financial reporting complies with the relevant accounting standards and regulations[197].

Financial Performance - Revenue for Q1 2022 was CNY 100,811,353.50, an increase of 12.55% compared to CNY 89,570,470.12 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 100,811,353.50, an increase of 12.8% compared to CNY 89,570,470.12 in the same period last year[23] - Net profit attributable to shareholders was a loss of CNY 4,581,416.41, a decrease of 39.95% from a loss of CNY 3,273,608.71 year-on-year[3] - Net loss for Q1 2022 was CNY 4,581,416.41, compared to a net loss of CNY 3,273,608.71 in Q1 2021, reflecting a deterioration in profitability[24] - The total comprehensive income attributable to the parent company was -4,581,416.41 CNY, compared to -3,273,608.71 CNY in the previous period, indicating a decline[25] - Basic and diluted earnings per share were both -0.023 CNY, down from -0.016 CNY in the previous period[25] Cash Flow and Liquidity - Operating cash flow increased by 176.15%, reaching CNY 2,264,395.89, compared to a negative cash flow of CNY 2,973,774.96 in the previous year[3] - Net cash flow from operating activities was 2,264,395.89 CNY, a significant improvement from -2,973,774.96 CNY in the previous period[28] - Total cash inflow from operating activities was 61,146,435.09 CNY, down 28.2% from 85,130,911.28 CNY in the previous period[28] - Cash outflow from operating activities totaled 58,882,039.20 CNY, a decrease of 33.2% compared to 88,104,686.24 CNY in the previous period[28] - Cash flow from investing activities was -952,236.11 CNY, compared to -1,826,788.69 CNY in the previous period, showing a reduced outflow[29] - Cash flow from financing activities resulted in a net outflow of -2,821,153.41 CNY, compared to -14,355,033.35 CNY in the previous period, indicating improved cash management[29] - The ending balance of cash and cash equivalents was 11,088,872.72 CNY, an increase from 8,267,415.13 CNY in the previous period[29] - The company received 122,000,000.00 CNY in cash from borrowings during the period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 687,933,772.35, up 4.88% from CNY 655,893,509.49 at the end of the previous year[3] - Total assets as of the end of Q1 2022 were CNY 687,933,772.35, up from CNY 655,893,509.49 at the beginning of the year, representing a growth of 4.9%[21] - Total liabilities increased to CNY 585,553,036.88 from CNY 549,790,000.45, an increase of 6.5%[20] - The company's total equity attributable to shareholders decreased to CNY 102,380,735.47 from CNY 106,103,509.04, a decline of 3.4%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,474[9] - The largest shareholder, Shenzhen Dashing Asset Management Co., Ltd., holds 26.00% of the shares, totaling 51,999,959 shares[9] Business Operations and Strategy - The company reported a 27.75% increase in notes receivable, attributed to more customers using acceptance bills for settlement[7] - The company experienced a 39.95% decline in net profit due to increased ink material costs and a decrease in internet advertising revenue[7] - Research and development expenses for Q1 2022 were CNY 3,265,807.40, up from CNY 2,695,549.88 in Q1 2021, indicating a 21.2% increase[23] - The company plans to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Nuclear Sanli Technology Engineering Co., Ltd. through a combination of issuing shares and cash payment[10] - The company has received feedback from the China Securities Regulatory Commission (CSRC) regarding its asset purchase application, which was not approved on December 31, 2021[13] - The company is continuing to push forward with the asset acquisition plan despite the CSRC's disapproval, coordinating with relevant parties to complete necessary audits and documentation[14] - The company acquired 75% equity of Beijing Xuanxiang Siyue Media Advertising Co., Ltd. for RMB 273 million in 2015, later increasing its stake to 100%[15] - The company agreed to extend the payment deadline for outstanding equity acquisition payments and interest to June 30, 2022, with a reduced interest rate of 3.85%[17] Inventory and Receivables - Accounts receivable increased to CNY 158,220,407.01 from CNY 136,652,850.15 at the beginning of the year, indicating a rise of 15.7%[20] - Inventory decreased to CNY 51,826,268.13 from CNY 57,037,360.97, a decline of 9.1%[20] Audit and Reporting - As of March 31, 2022, the company is preparing its consolidated balance sheet for the first quarter[18] - The company did not conduct an audit for the first quarter report[30]

Financial Performance - The company's operating revenue for 2021 was ¥387,741,377.38, representing a 23.26% increase compared to ¥314,563,718.67 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥37,146,987.85, a decrease of 608.18% from ¥7,309,799.46 in 2020[20]. - The net cash flow from operating activities decreased by 42.00% to ¥16,005,627.67 in 2021 from ¥27,597,848.76 in 2020[20]. - The basic earnings per share for 2021 was -¥0.19, a decline of 575.00% from ¥0.04 in 2020[20]. - Total assets at the end of 2021 were ¥655,893,509.49, an increase of 4.69% from ¥626,524,542.55 at the end of 2020[20]. - The net assets attributable to shareholders decreased by 25.31% to ¥106,103,509.04 at the end of 2021 from ¥142,051,055.37 at the end of 2020[20]. - The company reported a weighted average return on equity of -29.94% in 2021, down from 5.18% in 2020[20]. - The net profit after deducting non-recurring gains and losses was -¥39,446,530.49 in 2021, a 29.13% increase in loss compared to -¥30,548,203.88 in 2020[20]. Revenue Breakdown - The ink manufacturing business generated revenue of ¥375,959,207.04, accounting for 96.96% of total revenue, with a year-on-year growth of 28.64%[48]. - The internet advertising marketing business reported revenue of ¥7,091,300.37, a significant decline of 58.73% year-on-year, with a net loss of -¥2,297,764.34, down 240.83%[46]. - The company's total revenue for the first quarter was ¥89,570,470.12, while the fourth quarter revenue was ¥96,615,026.76, showing a quarterly fluctuation[25]. Cost and Expenses - In 2021, the cost of raw materials amounted to ¥289,507,495.98, representing 89.95% of operating costs, an increase of 43.30% compared to ¥202,073,775.96 (84.86%) in 2020[55]. - The company's main business cost for internet marketing and advertising decreased by 56.40% to ¥4,925,599.38 in 2021 from ¥11,287,295.27 in 2020[56]. - The management expenses increased by 19.41% to ¥60,369,572.91 in 2021 from ¥50,554,656.80 in 2020[61]. Research and Development - Research and development expenses for 2021 were ¥9,874,844.05, a slight decrease of 1.05% from ¥9,979,238.68 in 2020[61]. - The proportion of R&D investment to operating revenue decreased from 3.17% in 2020 to 2.55% in 2021, a decline of 0.62%[65]. - The number of R&D personnel increased by 18.75% from 32 in 2020 to 38 in 2021[65]. - The R&D team focuses on developing new products such as PVC and composite water-based inks, with successful advancements in smoke packaging and UV products[41]. Market Challenges - The ink manufacturing sector faces challenges due to rising raw material costs and supply chain issues, impacting overall profitability[31]. - The internet advertising market is experiencing a slowdown in growth, influenced by reduced advertising budgets from various industries due to the pandemic[32]. - The overall industry outlook remains cautious, with the need for strategic adjustments to navigate economic uncertainties and industry challenges[31]. Environmental Compliance - The company reported a significant environmental compliance issue, with unaddressed losses reaching one-third of the total paid-in capital for the year 2019, which was rectified in February 2021[127]. - The company invested in upgrading its VOCs treatment facilities, adding a new zeolite rotary concentrator and catalytic combustion system with a design capacity of 100,000 m³/h to enhance emission control[131]. - The company established a real-time monitoring system for both air and water emissions to ensure compliance with environmental standards[132]. Corporate Governance - The governance structure of the company complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[89]. - The company actively engages with stakeholders, focusing on environmental protection and social responsibility while maintaining steady growth[88]. - The company has established a transparent and effective performance evaluation and incentive mechanism for its management team to attract and retain talent[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,581, an increase from 9,943 at the end of the previous month, representing a growth of approximately 6.4%[197]. - The largest shareholder, Shenzhen Dasing Asset Management Co., Ltd., holds 51,999,959 shares, accounting for 26.00% of total shares, with no changes reported during the period[198]. - The company has not proposed any cash dividend distribution or stock bonus for the reporting period, despite having positive distributable profits[120]. Future Outlook - The company plans to focus on developing and promoting new environmentally friendly ink products in 2022, aligning with national policies supporting sustainable development[79]. - The company aims to enhance its internet advertising marketing business by adjusting its market development strategy and expanding its customer base[80]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[104].

Revenue and Profitability - Revenue for Q3 2021 was CNY 108,018,287.73, an increase of 6.66% year-over-year[3] - Net profit attributable to shareholders was a loss of CNY 3,768,418.65, a decrease of 436.83% compared to the same period last year[3] - The total operating revenue for Q3 2021 was CNY 291,126,350.62, an increase of 8.3% compared to CNY 269,142,906.31 in the same period last year[23] - The net profit for Q3 2021 was a loss of CNY 12,534,733.36, compared to a profit of CNY 263,380.40 in the previous year, indicating a significant decline in profitability[25] - The total comprehensive income for the third quarter was -12,534,733.36 CNY, compared to 263,380.40 CNY in the previous period[26] - Basic and diluted earnings per share were both -0.063 CNY, a decrease from 0.001 CNY in the previous period[26] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 59.04%, totaling CNY 10,603,465.10 year-to-date[3][7] - Cash inflow from operating activities totaled 252,569,282.94 CNY, an increase from 223,854,946.53 CNY year-over-year[29] - Cash outflow from operating activities was 241,965,817.84 CNY, compared to 197,970,733.20 CNY in the previous period[29] - The ending cash and cash equivalents balance was 14,931,785.16 CNY, down from 15,618,148.27 CNY in the previous period[30] - The company experienced a 45.55% decrease in cash and cash equivalents, primarily due to increased cash outflows from operating activities[6][7] - Cash inflow from financing activities was 195,000,000.00 CNY, a decrease from 227,000,000.00 CNY year-over-year[30] - Cash outflow from financing activities totaled 214,102,133.52 CNY, compared to 242,335,323.28 CNY in the previous period[30] - The net cash flow from financing activities was -19,102,133.52 CNY, compared to -15,335,323.28 CNY in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 619,456,545.64, a decrease of 1.13% from the end of the previous year[3] - The total assets decreased to CNY 619,456,545.64 from CNY 626,524,542.55, a decline of 1.1%[22] - The total liabilities remained relatively stable at CNY 487,995,584.45, compared to CNY 484,473,487.18, showing a slight increase of 1.1%[21] - The company's accounts receivable increased to CNY 162,190,238.26 from CNY 109,716,906.90, representing a growth of 47.5%[20] - Inventory levels rose to CNY 55,086,772.01, compared to CNY 48,201,719.72, marking an increase of 14.5%[20] Operational Performance - The gross profit margin declined due to increased costs of ink materials and a decrease in revenue from internet advertising projects[6] - The total operating costs amounted to CNY 300,239,542.12, up from CNY 268,534,810.69, reflecting a year-over-year increase of 11.8%[23] - Research and development expenses for the quarter were CNY 7,691,328.62, slightly down from CNY 7,992,261.97, indicating a focus on cost management[23] - The company reported a financial expense of CNY 12,291,543.37, down from CNY 14,554,309.91, reflecting improved cost control in financing[23] Strategic Initiatives - The company plans to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Nuclear Sanli Technology Engineering Co., Ltd. through a combination of issuing shares and cash payments[11] - The company has received feedback from the China Securities Regulatory Commission regarding its asset restructuring plan, with ongoing discussions to address the feedback[13] - The company is actively working with intermediaries to respond to regulatory feedback on its major asset restructuring, with the approval timeline remaining uncertain[13] - The company’s major asset restructuring proposal was approved in multiple board meetings throughout 2021, indicating a strategic focus on growth through acquisitions[12] - The company’s strategic initiatives include market expansion through acquisitions and restructuring to enhance operational capabilities[11] Related Party Transactions - The company has engaged in significant related party transactions, including debt transfer agreements to clarify financial obligations[16] Other Information - The company has no significant new product developments or market expansion strategies reported in this quarter[3][6] - The third quarter report was not audited[31]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥183,108,062.89, representing a 9.08% increase compared to ¥167,867,511.35 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥8,766,314.71, a significant decrease of 1,008.09% from ¥965,353.82 in the previous year[20]. - The net cash flow from operating activities was ¥4,008,506.07, down 80.02% from ¥20,067,556.99 in the same period last year[20]. - The total assets at the end of the reporting period were ¥649,853,278.63, an increase of 3.72% from ¥626,524,542.55 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 5.04% to ¥134,886,328.58 from ¥142,051,055.37 at the end of the previous year[20]. - The basic earnings per share were -¥0.044, a decline of 980.00% compared to ¥0.005 in the same period last year[20]. - The company reported a net profit decline of 1008.09%, primarily due to increased ink material costs and underperformance in internet advertising projects[37]. - The company reported a net loss of CNY 193,202,930.19, compared to a loss of CNY 184,436,615.48 in the previous period[123]. Revenue Segmentation - The ink manufacturing segment accounted for ¥177,185,394.49, or 96.77% of total revenue, with a year-on-year growth of 10.51%[35]. - The internet advertising marketing segment generated revenue of ¥3,713,788.30, down 27.72% year-on-year[30]. - The company's revenue for the chemical raw materials and chemical manufacturing industry was approximately CNY 177.19 million, representing a year-on-year increase of 10.51%[36]. Cash Flow and Liquidity - The company experienced a significant decline in cash and cash equivalents, with a net decrease of ¥14,925,985.58, a drop of 309.70% year-on-year[33]. - The company's cash and cash equivalents decreased by 54.43%, primarily due to reduced operating cash flow and significant repayment of bank loans during the reporting period[37]. - The ending balance of cash and cash equivalents was 12,497,026.55 CNY, down from 16,504,775.36 CNY at the end of the previous period[140]. - The net cash flow from operating activities dropped by 80.02%, reflecting increased cash outflows compared to the same period last year[37]. Operational Challenges - The gross margin for the ink business declined by approximately 6.51% due to significant increases in raw material prices[29]. - The company is facing increased competition in the ink industry due to heightened safety and environmental regulations, which may impact its market position[50]. - The company is implementing measures to manage the risks associated with rising raw material prices, including titanium dioxide and pigments, which are affecting production costs[50]. - The company anticipates that the ongoing COVID-19 pandemic and market conditions may lead to a decline in its internet advertising business profitability in the coming year[51]. Research and Development - Research and development expenses increased by 11.37% to ¥5,026,161.11, reflecting the company's commitment to developing environmentally friendly inks[33]. - The company is focusing on the development of water-based and UV inks to align with market trends towards environmentally friendly products[30]. - The company plans to continue its focus on research and development to enhance product offerings and market expansion strategies[155]. Environmental and Safety Measures - Zhuhai Letong New Materials Technology Co., Ltd. was listed as a key pollutant discharge unit in Zhuhai City for 2021, increasing investment in environmental protection facilities to reduce emissions[59]. - The company added a new zeolite rotary concentrator and catalytic combustion facility for VOCs treatment with a design capacity of 100,000 m³/h, replacing the original six sets of activated carbon adsorption systems[60]. - The company has established a hazardous waste management system and signed disposal agreements with qualified third parties, ensuring compliance with hazardous waste regulations[60]. - The company is committed to enhancing safety management practices to mitigate risks associated with the use of flammable materials in its manufacturing processes[51]. Shareholder and Corporate Governance - The company actively communicates with shareholders and investors through annual performance briefings and online platforms to ensure transparency and protect shareholder rights[65]. - The total number of common shareholders at the end of the reporting period is 10,338[106]. - Shenzhen Dashing Asset Management Co., Ltd. holds 26.00% of the shares, totaling 51,999,959 common shares[107]. - The company has not engaged in any significant asset or equity sales during the reporting period[45]. Future Plans and Strategic Initiatives - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[149]. - The company is exploring potential mergers and acquisitions to strengthen its market presence and diversify its product offerings[149]. - The company has outlined potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[5]. Financial Reporting and Compliance - The semi-annual financial report has not been audited[71]. - The financial statements prepared by the company comply with the requirements of the enterprise accounting standards, reflecting the financial position, operating results, and cash flows accurately[171]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[169].

Financial Performance - The company's revenue for Q1 2021 was ¥89,570,470.12, representing a 37.96% increase compared to ¥64,925,685.87 in the same period last year[9] - The net profit attributable to shareholders was -¥3,273,608.71, an improvement of 49.26% from -¥6,452,290.39 year-on-year[9] - The basic earnings per share improved to -¥0.016, a 50.00% increase from -¥0.032 in the same period last year[9] - Operating revenue increased by 37.96%, attributed to a significant impact from the pandemic in the same period last year[17] - Operating profit rose by 46.16%, and net profit attributable to shareholders increased by 49.26%, mainly due to effective pandemic control in 2021[17] - Total operating revenue for Q1 2021 was CNY 89,570,470.12, an increase of 37.9% compared to CNY 64,925,685.87 in the same period last year[43] - Net loss for Q1 2021 was CNY 3,273,608.71, a reduction in loss of 49.2% compared to CNY 6,452,290.39 in Q1 2020[45] - Operating profit for Q1 2021 was a loss of CNY 3,536,458.64, improving from a loss of CNY 6,568,620.77 in the previous year[45] Cash Flow - The net cash flow from operating activities was -¥2,973,774.96, a significant decline of 179.69% compared to ¥3,731,621.17 in the previous year[9] - Cash inflow from operating activities totaled 85,130,911.28 CNY, a significant increase of 49.8% compared to 56,840,539.24 CNY in the prior period[53] - Cash outflow from operating activities was 88,104,686.24 CNY, up from 53,108,918.07 CNY, resulting in a net cash flow from operating activities of -2,973,774.96 CNY, compared to 3,731,621.17 CNY previously[53] - The company reported a 293.76% decrease in net cash flow from financing activities, primarily due to significant loan repayments[17] - Cash flow from investing activities resulted in a net outflow of -1,826,788.69 CNY, worsening from -569,761.45 CNY in the previous period[54] - Cash flow from financing activities showed a net outflow of -14,355,033.35 CNY, compared to -3,645,668.63 CNY in the prior period[54] - The ending balance of cash and cash equivalents was 8,267,415.13 CNY, down from 8,903,178.05 CNY[54] - Cash and cash equivalents decreased by 69.85%, primarily due to a reduction in net cash flow from operating activities[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥584,151,348.95, down 6.76% from ¥626,524,542.55 at the end of the previous year[9] - Current assets totaled CNY 196,439,837.38, down 16.09% from CNY 234,083,266.75 at the end of 2020[35] - Total liabilities as of the end of Q1 2021 were CNY 285,710,613.21, slightly up from CNY 285,516,462.18 at the end of the previous quarter[41] - Current liabilities decreased to CNY 444,519,310.66, down 8.25% from CNY 484,473,487.18[37] - The total equity attributable to shareholders was CNY 139,632,038.29, a decrease of 1.94% from CNY 142,051,055.37[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,065[13] - The largest shareholder, Shenzhen Dashing Asset Management Co., Ltd., holds 26.00% of the shares, totaling 51,999,959 shares[13] Research and Development - Research and development expenses grew by 34.28%, reflecting increased investment in new product development to meet market demands[17] - Research and development expenses for Q1 2021 were CNY 2,695,549.88, an increase of 34.3% from CNY 2,007,477.57 in Q1 2020[44] Other Financial Metrics - The company reported non-operating income and expenses totaling ¥423,868.51 for the period[10] - Other income increased by 148.19%, mainly due to a rise in government subsidies received during the reporting period[17] - The company reported a credit impairment loss of CNY -1,072,524.64 in Q1 2021, compared to a gain of CNY 458,703.75 in Q1 2020[44] - The total comprehensive income for the first quarter was -8,070,072.99 CNY, showing a slight decrease from -8,066,512.04 CNY in the previous period[50] - Basic and diluted earnings per share both stood at -0.0040 CNY, consistent with the previous period[50] Corporate Actions - The company plans to actively promote a major asset restructuring project involving the acquisition of 100% equity in Zhejiang Qichen Technology Co., Ltd.[20] - The company has completed the deregistration of its wholly-owned subsidiary, Zhengzhou Letong New Materials Co., Ltd., due to various operational challenges[19]