证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司 投资者关系活动记录表 编号：2017-05-12 | --- | --- | --- | |----------------|-------------------------|----------------------------------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | | 新沃基金：陈斌斌 山羊投资：刘杨发 安卓投资：罗志丹 | | 人员姓名 | | 新声资本：曹昊 德邦证券：宋聪平 国海证券：傅鸿浩、张涵、孙纯鹏 | | | | 华宝证券：张仁贵 恒天财富：黄杰琼、杜章虎 | | | | 匀丰资产：杨文俊 新富资本：胡伟玲 | | | | 太平洋证券：王佳美、胡博涵 和智金控：范江宏 | | | | 融亿投资：魏家诚 前海鑫 ...

证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司股份有限公司 投资者关系活动记录表 编号：2016-11-2 | --- | --- | --- | |----------------|----------------------------|---------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 前海海润国际并购基金 | 甘和平 | | 人员姓名 | 国泰君安证券 唐云峰 | | | | 安赐资本 林光亮 | | | | 玖歌资本 何景嫦 | | | | 国金证券 徐问 | | | | | 前海经纬环宇资产 王冰峰、洪晓婷 | | | 中信证券 徐晓芳 | | | | 大成基金 丁煜 | | | | | 长城证券 黄淑妍、陆佳伟、马晓明 | | | 深圳大学经济学院 李杰 | | | | 重器资产 危 ...

证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司股份有限公司 | --- | --- | --- | |-------------------------|---------------------------|------------------------------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 兴业证券 李跃博、刘嘉仁 | | | 时间 | 2017 年 10 月 27 | 日上午 10：00—11：00 | | | | | | 地点 | 深圳市福田区深南大道 | 6011 号 NEO 大厦 34 楼 | | 上市公司接待人 | 董事长：王磊 | | | 员姓名 | 副总经理/董事会秘书：李丽 | | | | 证券事务代表：田希 | | | 投资者关系活动 | 董事 ...

证券代码：002356 证券简称：赫美集团 深圳赫美集团股份有限公司 投资者关系活动记录表 编号：2018-05-10 | --- | --- | --- | |----------------|-------------------------|--------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | | 国信证券：王念春、刘馨竹、贺平鸽 | | 人员姓名 | 博时基金：王曦 | | | | 红土创新：连肇明 | | | | 摩根华鑫：李溪 | | | | 吉煤投资：张福恺 | | | | 凯丰投资：仇志婉 | | | | 聚沣资本：余爱斌 | | | 时间 | 2018 年 5 月 10 | 日上午 9： 30—11：30 | | 地点 | 赫美集团会议室 | | | 上市公司接待人 | 董事会秘书：李丽 | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥36,574,643.74, a decrease of 42.30% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was -¥17,379,708.20, an increase of 74.23% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,043,835.48, reflecting a 70.67% improvement compared to the previous year[5] - The company reported total operating revenue of CNY 127,225,982.33 for the third quarter of 2022, a decrease of approximately 48.9% compared to CNY 249,032,814.28 in the same period last year[27] - The net profit for Q3 2022 was -44,506,239.61 CNY, compared to -204,529,663.54 CNY in the same period last year, showing an improvement[30] - The total profit for the quarter was -44,506,239.61 CNY, compared to -204,475,966.61 in Q3 2021[30] - The total comprehensive income attributable to the parent company was -44,253,083.56 CNY, an improvement from -193,310,491.49 CNY year-over-year[30] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥936,409,315.45, down 12.86% from the end of the previous year[5] - The company's total equity as of September 30, 2022, was CNY 657,427,204.37, down from CNY 689,999,737.74, reflecting a decrease of approximately 4.7%[27] - Total liabilities decreased to CNY 278,982,111.08 from CNY 384,565,412.34, indicating a reduction of about 27.5%[27] Cash Flow - Cash flow from operating activities for the year-to-date was -¥23,781,821.11, a decline of 83.31% year-on-year[9] - The net cash flow from operating activities for Q3 2022 was -23,781,821.11 CNY, compared to -12,973,325.19 CNY in Q3 2021, indicating a decline in operational performance[33] - Total cash inflow from operating activities was 186,912,826.54 CNY, down from 316,515,245.75 CNY year-over-year, reflecting a decrease of approximately 41%[33] - Cash outflow from operating activities totaled 210,694,647.65 CNY, a decrease from 329,488,570.94 CNY in the previous year, representing a reduction of about 36%[33] - The net cash flow from investing activities was -2,881,675.53 CNY, compared to -16,142,441.02 CNY in the same quarter last year, showing an improvement[33] - The net cash flow from financing activities was -12,191,627.76 CNY, compared to -13,463,386.12 CNY in Q3 2021, indicating a slight improvement[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,289[12] - The largest shareholder, Hainan Times Rongguang, holds 17.11% of shares, totaling 224,386,125 shares[12] - The second-largest shareholder, Shenzhen Hemei Group's bankruptcy asset disposal account, holds 13.64% of shares, totaling 178,911,541 shares[12] - The total share capital before the restructuring was 527,806,548 shares, which increased to 1,311,254,521 shares after a capital reserve conversion of 783,447,973 shares[16] - The shareholding percentage of the original major shareholder, Huanqiao Machinery Factory, was diluted from 23.69% to 9.53% after the restructuring[16] - The shareholding percentage of shareholder Hao Yi was diluted from 11.58% to 4.66% due to the capital reserve conversion[17] - The shareholding percentage of Jilin Huancheng Rural Commercial Bank was diluted from 10.96% to 4.41% after the restructuring[17] - The combined shareholding of Times Rongguang and Xiaoyi Fuyuan is 20.58%, making them the largest shareholder group[14] Operational Challenges - The company continues to face delisting risk due to negative net assets and other operational issues[20] - The company has been under risk warnings since April 30, 2021, due to various compliance issues[20] Research and Development - Research and development expenses decreased by 83.41% to ¥802,332.51, primarily due to a reduction in the scope of consolidation[9] - Research and development expenses decreased to 802,332.51 CNY from 4,835,163.95 CNY year-over-year, indicating a reduction in R&D investment[30] Other Financial Metrics - The weighted average return on equity was -2.67% for Q3 2022[5] - The company reported a financial expense of -588,081.78 CNY, a notable decrease from 125,575,004.41 CNY in the same quarter last year[30] - The basic and diluted earnings per share were both -0.0337 CNY, compared to -0.1474 CNY in Q3 2021[30] - The company experienced a credit impairment loss of -28,644,711.54 CNY, compared to a gain of 36,248,079.89 CNY in the previous year[30] - The company reported other income of 1,790,024.37 CNY, down from 2,715,305.30 CNY year-over-year[30] - The company reported a significant decrease in cash received from other operating activities, totaling 17,977,231.79 CNY, compared to 31,406,150.00 CNY in the previous year[33]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, which reflects a growth target of 10% compared to 2021[18]. - The company's operating revenue for the reporting period was ¥90,651,338.59, a decrease of 51.17% compared to the same period last year[23]. - The net profit attributable to shareholders was -¥26,873,375.36, showing an improvement of 78.65% from -¥125,866,908.12 in the previous year[23]. - The company reported a total of ¥15,139,965.43 in non-recurring gains, primarily from debt restructuring and asset disposal[27]. - The company's total comprehensive loss for the first half of 2022 was CNY -26,843,576.18, compared to a loss of CNY -132,661,606.71 in the same period of 2021[176]. - The company reported a basic and diluted earnings per share of -0.0205 for the first half of 2022, improving from -0.0960 in the same period of 2021[176]. - The company recorded an investment income of CNY 12,270,511.82, a significant recovery from a loss of CNY -36,494,990.98 in the first half of 2021[174]. User Growth and Market Expansion - User data indicated a growth in active users by 20%, reaching a total of 1.2 million users by June 30, 2022[18]. - The company is expanding its market presence in Southeast Asia, with plans to open 50 new retail locations by the end of 2023[18]. - The retail market in China showed signs of recovery in June, with a shift towards online retail and new retail formats gaining traction[32]. - The company plans to increase operational investment in Hainan and online channels to tap into the potential of key regions and lower-tier cities[31]. Cost Management and Profitability - The overall gross margin improved to 35%, up from 30% in the same period last year, indicating better cost management[18]. - The company's operating costs decreased by 66.67% to ¥43,143,007.66 from ¥129,435,712.19, mainly due to the decline in revenue[53]. - The company is focusing on resource integration and innovative cooperation models to restore profitability in its commercial sector[51]. Research and Development - Research and development expenses increased by 25% to RMB 50 million, focusing on new technology advancements in product design[18]. - Research and development expenses were CNY 802,332.51, down 71.7% from CNY 2,836,778.23 in the first half of 2021[174]. Risk Management - The management identified potential risks including market competition and supply chain disruptions, and outlined strategies to mitigate these risks[6]. - The company faced risks from macroeconomic fluctuations, which could impact brand operations and sales due to reliance on international brands and domestic market conditions[70]. Corporate Governance and Shareholder Rights - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[86]. - The company emphasizes employee rights and development, providing career planning and training programs[88]. - The company maintains good contractual performance with suppliers and customers, ensuring their rights are protected[89]. Financial Obligations and Legal Issues - The company is involved in a financial loan contract dispute with Jinjou Bank, with a disputed amount of CNY 428 million, which is expected to form a liability[101]. - The company has ongoing litigation involving a claim of CNY 645.92 million related to a debt transfer agreement, with the case still in court[103]. - The company has a total of CNY 2 billion in principal and interest obligations related to a financial loan dispute with Shengjing Bank[105]. Asset Management - The total assets at the end of the reporting period were ¥951,463,895.60, down 11.46% from ¥1,074,565,150.08 at the end of the previous year[23]. - Cash and cash equivalents at the end of the reporting period amounted to ¥597,618,461.08, representing 62.81% of total assets, an increase of 3.29% compared to the previous year[60]. - Accounts receivable decreased significantly to ¥41,560,706.70, accounting for 4.37% of total assets, a decrease of 4.82% due to the bankruptcy restructuring and auction of accounts receivable from Hemei Group[60]. Shareholder Changes and Capital Structure - The company underwent a restructuring plan, increasing its total share capital from 527,806,548 shares to 1,311,254,521 shares[97]. - The original controlling shareholder's stake was diluted from 23.69% to 9.53% due to the restructuring plan[99]. - The restructuring investors now hold 20.58% of the company's total shares, with no single controlling shareholder[99]. Overall Financial Health - The overall financial health of the company shows a significant decrease in cash reserves, indicating potential liquidity challenges[187]. - The company is focusing on enhancing its capital structure, as indicated by the adjustments in equity and reserves[199]. - The company experienced a decrease in user data, with a reported drop of CNY 19,389,270.89 in user-related metrics[196].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2021, representing a growth of 15% compared to the previous year[19]. - The company's operating revenue for 2021 was ¥332,794,449.34, a decrease of 28.67% compared to ¥466,537,017.16 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥899,850,522.82, a significant increase of 278.54% from a loss of ¥503,997,729.76 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥351,363,900.61, an improvement of 31.67% from -¥514,210,665.25 in 2020[26]. - The total revenue for 2021 was ¥332.79 million, a decrease of 28.67% compared to ¥466.54 million in 2020[72]. - Revenue from the commercial sector was ¥270.13 million, accounting for 81.17% of total revenue, down 29.00% from ¥380.44 million in 2020[72]. - Revenue from high-end manufacturing was ¥61.23 million, representing 18.40% of total revenue, a decline of 17.55% from ¥74.26 million in 2020[72]. - Revenue from financial services plummeted by 87.83% to ¥1.44 million, down from ¥11.84 million in 2020[72]. - The company reported a significant non-recurring gain from debt restructuring amounting to ¥1,418,209,954.30 in 2021[35]. User Growth and Market Expansion - User data showed an increase in active users, reaching 5 million by the end of 2021, which is a 20% increase year-over-year[19]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an expected growth of 25%[19]. - The company is expanding its market presence by entering three new provinces in China, aiming to increase market share by 10% in these regions[19]. - The company plans to invest 300 million RMB in research and development over the next three years to innovate new technologies[19]. - The company aims to attract more loyal customers through online platforms and live streaming, increasing customer engagement and sales through digital channels[50]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million yuan allocated for potential deals[158]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[158]. Product Development and Innovation - New product development includes the launch of a smart wearable device, projected to contribute 200 million RMB in revenue in its first year[19]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on expanding the product line in the next quarter[158]. - The company plans to expand its product categories from clothing and accessories to include watches, jewelry, and personal care products in the future[113]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local tech firm was completed, expected to enhance the company's technological capabilities and add 100 million RMB in annual revenue[19]. - The company has completed its restructuring plan, with the first major shareholder changed, and plans to optimize its strategic layout and inject quality assets[109]. - The company is pursuing a "matrix-style" development through brand agency, acquisitions, and joint operations to build a quality brand matrix[116]. Financial Management and Governance - The company will not distribute cash dividends or issue bonus shares for the year 2021, focusing instead on reinvestment for growth[5]. - The company has established an independent financial accounting department and operates its own financial management system[134]. - The company has a complete and independent governance structure, including a board of directors and supervisory board[134]. - The company reported a positive profit available for distribution to shareholders but did not propose any cash dividends or stock bonuses during the reporting period[181]. - The company has established a robust investor interaction platform to ensure fair and transparent communication with all shareholders[196]. Operational Efficiency and Challenges - The management highlighted potential risks including market volatility and regulatory changes that could impact future performance[5]. - Despite financial constraints, the company maintained stable revenue and demonstrated resilience in its commercial sector during the pandemic[50]. - The company faced regulatory scrutiny in the past, resulting in a public reprimand from the Shenzhen Stock Exchange due to non-disclosure of significant financial issues[158]. - The company has adjusted its operational strategies in response to the pandemic, increasing online sales efforts to mitigate adverse market conditions[122]. Employee and Corporate Social Responsibility - The company emphasizes employee rights and development, providing career planning and training programs to enhance employee skills and satisfaction[198]. - The company emphasizes corporate social responsibility and aims to create a harmonious development environment with employees and society[195]. - The company maintains strong relationships with suppliers and customers, adhering to principles of voluntary, equality, and mutual benefit, ensuring contract fulfillment and protection of rights[199]. Internal Control and Audit - The internal control system was evaluated as effective, with no significant deficiencies found in financial reporting controls[183]. - The company conducted internal control self-assessments annually, with the 2021 evaluation period covering January 1 to December 31[183]. - The audit committee held five meetings during the reporting period to review various internal audit reports and financial statements[171]. - The internal control audit report was disclosed on April 30, 2022, and received a standard unqualified opinion[187].

Financial Performance - The company's revenue for Q1 2022 was ¥53,046,144.06, a decrease of 48.99% compared to ¥103,990,884.13 in the same period last year[3] - The net profit attributable to shareholders was -¥3,444,579.59, showing an improvement of 95.66% from -¥79,423,038.83 year-on-year[3] - The net cash flow from operating activities was -¥36,247,842.54, a significant decline of 70,076.64% compared to -¥51,652.29 in the previous year[3] - Total operating revenue for Q1 2022 was ¥53,046,144.06, a decrease of 48.9% compared to ¥103,990,884.13 in Q1 2021[26] - Net loss for Q1 2022 was ¥3,458,673.43, compared to a net loss of ¥83,902,065.48 in Q1 2021, indicating a significant improvement[26] - The total comprehensive income attributable to the parent company for Q1 2022 was -3,444,579.59 CNY, compared to -79,423,038.83 CNY in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥994,351,385.62, down 7.46% from ¥1,074,565,150.08 at the end of the previous year[3] - Current liabilities totaled ¥295,608,431.33, down 20.2% from ¥370,625,453.77 in the previous year[24] - Non-current liabilities amounted to ¥12,201,889.98, a decrease of 12.5% compared to ¥13,939,958.57 in the previous year[24] - The company's total equity was ¥686,541,064.31, slightly down from ¥689,999,737.74, indicating a decrease of about 0.6%[24] Cash Flow - The company reported a cash balance of RMB 593,215,704.92 at the end of the period, down from RMB 639,554,148.95 at the beginning of the year[20] - Cash inflow from operating activities for Q1 2022 was 70,857,780.09 CNY, down from 139,017,096.71 CNY in the previous year, representing a decrease of approximately 49.1%[31] - Cash outflow from operating activities for Q1 2022 was 107,105,622.63 CNY, compared to 139,068,749.00 CNY in the same period last year, reflecting a decrease of about 23.0%[31] - The net cash flow from investing activities for Q1 2022 was 2,728,758.29 CNY, compared to -541,478.78 CNY in the same period last year, indicating a turnaround[33] - The net cash flow from financing activities for Q1 2022 was -9,046,617.90 CNY, compared to -2,718,204.69 CNY in the previous year, showing an increase in cash outflow[33] Shareholder Information - The top shareholder, Hainan Times Rongguang Industrial Investment Partnership, holds 17.11% of the shares, totaling 224,386,125 shares[11] - The combined shareholding of Times Rongguang and Xiaoyi Fuyuan amounts to 269,916,059 shares, representing 20.58% of the total share capital of the company[14] - The original controlling shareholder, Huanqiao Machinery Factory, held 125,018,000 shares, which was 23.69% of the total share capital before restructuring[16] - Following the capital reserve conversion, the total share capital increased from 527,806,548 shares to 1,311,254,521 shares, with 783,447,973 shares being converted[16] - The shareholding percentage of Huanqiao Machinery Factory was diluted to 9.53% after the capital increase[16] Operational Efficiency - The company experienced a 67.38% reduction in operating costs, amounting to ¥24,454,652.63 compared to ¥74,958,304.59 in the previous year[7] - Total operating costs for Q1 2022 were ¥57,701,699.95, down 66.0% from ¥169,774,150.94 in the same period last year[26] - Research and development expenses for Q1 2022 were ¥734,569.30, down 46.6% from ¥1,379,474.23 in Q1 2021[26] Risk and Future Outlook - The company is currently under a delisting risk warning due to negative net assets as of the end of the 2020 fiscal year[18] - The company has applied to revoke the delisting risk warning, but the approval of this application remains uncertain[19] - The company has not disclosed any new product developments or market expansion strategies in the recent reports[14]

Financial Performance - The company's operating revenue for Q3 2021 was ¥63,385,090.88, a decrease of 45.62% compared to the same period last year[4] - The net profit attributable to shareholders was -¥67,443,583.37, representing an 11.34% decline year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥61,512,189.11, an increase of 24.54% compared to the previous year[4] - Total operating revenue for Q3 2021 was CNY 249,032,814.28, a decrease of 18.5% from CNY 305,612,310.30 in the same period last year[33] - Net loss for Q3 2021 was CNY 204,529,663.54, compared to a net loss of CNY 323,054,554.73 in Q3 2020, showing an improvement of 36.7%[34] - The total comprehensive income for the period was -204,529,663.54 CNY, down from -323,054,554.73 CNY year-over-year[36] - The net profit attributable to the parent company for Q3 2021 was -193,310,491.49 CNY, compared to -152,181,067.14 CNY in the same period last year, indicating a decline in profitability[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥657,976,080.55, down 41.82% from the end of the previous year[5] - The total assets as of Q3 2021 amounted to CNY 657,976,080.55, significantly lower than CNY 1,131,023,675.20 at the end of the previous period[32] - Total liabilities reached CNY 3,866,998,118.43, a decrease from CNY 4,122,921,477.24 in the previous period[32] - The company reported a negative retained earnings of CNY -3,608,124,306.56, contributing to total equity of CNY -2,991,897,802.04[49] - The total equity attributable to shareholders was reported at CNY -2,266,322,152.74, indicating financial challenges[49] Cash Flow - Cash flow from operating activities was -¥12,973,325.19, a decline of 183.74% compared to the same period last year[4] - Cash flow from operating activities resulted in a net outflow of -12,973,325.19 CNY, a significant decrease from a net inflow of 15,492,972.72 CNY in the same quarter last year[39] - Cash inflow from investment activities was 58,553,277.29 CNY, while cash outflow was 74,695,718.31 CNY, resulting in a net cash outflow of -16,142,441.02 CNY[41] - The company reported cash and cash equivalents at the end of the period amounting to 37,850,163.73 CNY, down from 62,574,530.86 CNY at the end of the previous year[41] Investments and Subsidiaries - The company reported an investment loss of -¥4,193.00 million, a decrease of 119.02% compared to the previous year, primarily due to losses from equity auctions[11] - The company’s subsidiary, Hemei Commercial, is undergoing pre-restructuring due to insolvency issues, which may impact the overall financial health if restructuring fails[25] - The company’s subsidiary, Huizhou Haoningda, is also in pre-restructuring, with the potential for improved asset-liability structure if the restructuring is successful[25] - The company’s 75% stake in Oqiya was auctioned for ¥20,140,000.00, significantly lower than its original investment of ¥37,500,000.00[27] Restructuring and Financial Health - The company is undergoing a pre-restructuring process initiated by the Shenzhen Intermediate People's Court due to insolvency concerns, with a potential restructuring plan aimed at improving its asset-liability structure[16] - The company is actively seeking to improve its financial health and sustainability through restructuring efforts and potential investments[18] - The company has faced challenges with its subsidiaries, which have also entered pre-restructuring processes due to financial difficulties[18] - The company is facing risks of bankruptcy for its subsidiaries if restructuring efforts are unsuccessful, urging investors to be cautious[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,186[12] - The top ten shareholders hold significant stakes, with Hanqiao Machinery Factory holding 125,018,000 shares, representing a substantial portion of the company's equity[15] Compliance and Investigations - The company has been under investigation for information disclosure violations, with the case concluded in July 2021[20] - The company has resolved related party fund occupation issues, with a total of 283,936,176.73 RMB in debts compensated by related parties[22] - The company has entered into a liability exemption agreement with creditors to release it from guarantees provided for loans amounting to 85 million RMB[21] Research and Development - Research and development expenses amounted to ¥483.52 million, down 44.87% year-on-year due to tight funding[11] - Research and development expenses for Q3 2021 were CNY 4,835,163.95, down 44.9% from CNY 8,770,746.11 in the same quarter last year[34] Inventory and Receivables - Accounts receivable amounted to ¥172,584,681.88, down from ¥208,779,651.34 in the previous year, indicating a decrease of about 17.3%[28] - Inventory decreased to ¥107,195,311.24 from ¥162,212,713.18, reflecting a reduction of approximately 33.9%[28] - The company reported a significant drop in other receivables, which fell to ¥97,389,529.01 from ¥377,224,007.49, a decrease of approximately 74.2%[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥185,647,723.40, a decrease of 1.81% compared to ¥189,061,022.59 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was -¥125,866,908.12, representing a decline of 37.40% from -¥91,609,219.38 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses improved to -¥95,007,478.82, a 68.22% increase compared to -¥298,986,339.90 in the same period last year[25]. - The net cash flow from operating activities was ¥7,173,088.68, showing a significant increase of 128.99% from ¥3,132,495.65 in the previous year[25]. - The total operating revenue decreased by 1.81% to ¥185,647,723.40, with the commercial sector contributing ¥164,716,585.40, representing 88.72% of total revenue, a 15.35% increase year-on-year[54]. - The company's gross profit margin in the commercial sector was 38.87%, down by 7.61% compared to the previous year, with operating costs increasing by 31.75%[56]. Assets and Liabilities - Total assets decreased by 41.38% to ¥663,051,319.88 from ¥1,131,023,675.20 at the end of the previous year[25]. - The net assets attributable to shareholders were -¥2,392,189,060.86, a decline of 5.55% from -¥2,266,322,152.74 at the end of the previous year[25]. - The total assets at the end of the reporting period amounted to ¥661,000,000, with cash and cash equivalents accounting for 11.66% of total assets[61]. - The company's short-term borrowings increased significantly, accounting for 101.71% of total liabilities, primarily due to debt compensation arrangements with creditors[61]. - The inventory value decreased to ¥96,663,790.25, representing 14.58% of total assets, while accounts receivable decreased to ¥171,749,354.64, accounting for 25.90% of total assets[61]. Operational Strategy - The company aims to enhance its profitability by integrating industry resources and strengthening cooperation with duty-free channels[36]. - The company is focused on digital transformation and improving inventory turnover rates to adapt to the evolving retail landscape[35]. - The company has implemented a centralized procurement model to optimize product structure and manage supplier relationships effectively[39]. - The company plans to innovate its business development model and expand its market presence in the duty-free sector[38]. - The company has established long-term partnerships with international brands, leveraging online platforms and live streaming to increase customer engagement[35]. Risks and Challenges - The company faces significant operational risks, which are detailed in the management discussion section[5]. - The company continues to be under delisting risk warning due to negative net assets as of the end of 2020[4]. - The company faced risks from macroeconomic fluctuations, intensified market competition, and operational challenges due to the pandemic, which affected sales and inventory levels[69][70]. - The company is undergoing a pre-restructuring process initiated by the Shenzhen Intermediate People's Court due to insolvency issues[92]. - The company faces bankruptcy risk if the restructuring plan is not successfully implemented[93]. Legal and Compliance Issues - The company has ongoing litigation with Everbright Bank involving a loan dispute amounting to 28.52 million RMB, with joint liability from Huizhou Haoningda[96]. - The company is involved in a share transfer dispute with Shenzhen United Financial Holdings, with a claim of 51 million RMB, and the court has ordered payment[98]. - The company has a civil judgment requiring it to pay 55.9443 million yuan to China Twenty Metallurgical Group within 10 days of the judgment's effectiveness[102]. - The company has been ordered to pay overdue interest based on the interbank lending rate for various disputes, with specific amounts detailed in the judgments[102]. - The company has been listed as a dishonest executor in multiple cases, indicating potential risks in its financial and operational integrity[169]. Related Party Transactions - The company reported a related party transaction involving sales of merchandise with a transaction amount of 2.17 million yuan, which accounted for 0% of the approved transaction amount[175]. - There were no asset or equity acquisition or sale related party transactions during the reporting period[176]. - The company provided guarantees totaling 35 million yuan, with an actual guarantee amount of 8.5 million yuan for Beijing Shouhe, which is a related party[188]. - The total amount of guarantees provided by the company exceeded 50% of its net assets, amounting to 12.46 million yuan[192]. - The company resolved related party fund occupation issues, with creditors agreeing to compensate for a total of 283,936,176.73 yuan owed by a related party[199].