浙江嘉欣丝绸股份有限公司 2022 年第一季度报告全文 证券代码：002404 证券简称：嘉欣丝绸 公告编号：2022—028 浙江嘉欣丝绸股份有限公司 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,054,226,865.36 | 744,632,572.66 | 41.58% | | 归属于上市公司股东的净利润（元） | 27,429,965.86 | -8,589,614.12 | 419.34% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 45,027,676.62 | 31,273,149.45 | 43.98% | | 经营活动产生的现金流量净额（元） | -13,546,474.47 | 64,331,037.68 | -121.06% | | 基本每股收益（元/股） | 0.05 | -0.02 | 350.00% | | 稀释每股收益（元/股） | 0.05 | -0.02 | 350.00% | | 加权平均净资产 ...

Financial Performance - The company's operating revenue for 2021 was ¥3,694,866,735.08, representing a 41.96% increase compared to ¥2,602,815,603.75 in 2020[21] - The net profit attributable to shareholders decreased by 32.88% to ¥130,740,616.63 from ¥194,786,234.28 in the previous year[21] - The net profit after deducting non-recurring gains and losses increased by 56.10% to ¥112,450,317.84, up from ¥72,039,545.59 in 2020[21] - The basic earnings per share fell by 32.35% to ¥0.23, compared to ¥0.34 in 2020[22] - The total assets at the end of 2021 were ¥3,788,151,797.06, a 25.47% increase from ¥3,019,126,677.85 at the end of 2020[22] - The net assets attributable to shareholders decreased by 1.56% to ¥1,811,823,932.79 from ¥1,840,552,968.28 in 2020[22] - The net cash flow from operating activities was negative at -¥237,140,530.86, a decline of 265.81% compared to ¥143,019,154.85 in 2020[21] - The weighted average return on equity was 7.29%, down from 10.85% in the previous year, reflecting a decrease of 3.56%[22] Revenue and Sales Growth - In Q1 2021, the company reported revenue of approximately ¥744.63 million, which increased to ¥1,081.22 million by Q4, reflecting a growth of 45.2% over the year[26] - The company achieved a total revenue of ¥3.695 billion in 2021, representing a year-on-year growth of 41.96%[34] - Export revenue for the company was approximately ¥1.631 billion in 2021, showing a growth of 32.23% compared to the previous year[34] - The company sold over 20 million garments annually, with total import and export volume exceeding $250 million[36] - The company’s domestic revenue was CNY 2.064 billion, a 50.72% increase year-on-year, while overseas revenue was CNY 1.631 billion, a 32.23% increase[55] Operational Efficiency and Capacity - The company has a production capacity exceeding 12 million garments annually, supported by a comprehensive supply chain established in various regions including Southeast Asia[46] - The company achieved a capacity utilization rate of 93.28% in 2021, significantly up from 71.28% in the previous year[68] - The company established production bases in Cambodia, Anhui, and Henan, contributing 40% of total production capacity[51] - The company reported a sales volume of 22,804,579 pieces in 2021, representing a year-on-year increase of 52.03% compared to 14,999,903 pieces in 2020[59] Research and Development - The company is actively involved in R&D for new materials applications, expanding its market reach beyond traditional silk products[32] - R&D investment amounted to ¥54,143,359.61 in 2021, an increase of 9.46% compared to ¥49,465,769.51 in 2020[80] - The company continues to innovate in new materials, with ongoing research in spider silk biomimetic projects to expand application areas[52] - The company is committed to innovation and the development of new silk materials, alongside technological upgrades[117] Market Position and Competitive Edge - The company has been recognized as one of the top 10 competitive enterprises in the silk industry and one of the top 100 textile and apparel exporters in China[34] - The silk industry in China, where the company operates, accounted for over 70% of global production, indicating a strong market position[32] - The company has developed a comprehensive silk industry supply chain, from silkworm cocoon processing to garment production, enhancing its competitive edge[44] Risk Management - The company faces macroeconomic risks due to geopolitical tensions and inflation, which may impact consumer spending in Europe and the U.S.[41] - The company is exposed to exchange rate risks as its export sales are primarily settled in USD, which may increase with the growth of its export business[42] - The company has implemented measures to mitigate risks, including strengthening brand development and enhancing supply chain management[43] Corporate Governance and Shareholder Engagement - The company has a well-established organizational structure and independent operational facilities[127] - The first temporary shareholders' meeting in 2021 had an investor participation rate of 47.18%[128] - The annual shareholders' meeting for 2020 had a participation rate of 47.61%[130] - The company has a clear profit distribution policy, with a cash dividend of 2.00 CNY per 10 shares, based on a total share capital of 561,013,637 shares[167] Environmental and Social Responsibility - The company emphasizes environmental protection, implementing measures to reduce raw material consumption, energy use, and waste generation, while enhancing production efficiency[187] - The company has a wastewater treatment system that meets the discharge standards as verified by quarterly inspections from environmental authorities[182] - The company actively participates in social welfare activities, contributing to community support and charitable donations, including assistance to impoverished areas[187] Future Outlook and Strategic Plans - Future outlook suggests a targeted revenue growth of 10% for 2022, driven by new product launches and market expansion strategies[142] - The company plans to enhance its production capacity by 15% through the introduction of advanced manufacturing technologies[144] - The company aims to enhance its resilience against international trade friction risks by gradually increasing overseas production capacity, particularly in Southeast Asia[111]

Revenue and Profit - The company's revenue for Q3 2021 reached ¥988,449,088.86, representing a 54.06% increase year-over-year, while year-to-date revenue was ¥2,616,044,733.69, up 37.01% compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 82.30% in Q3 2021 to ¥15,947,962.50, and year-to-date net profit was ¥81,833,833.45, down 45.31% year-over-year[4]. - The company's total revenue for the current period was CNY 2,616,944,811.28, compared to CNY 1,909,322,132.87 in the same period last year, reflecting a growth of approximately 37.1%[22]. - Net profit for the third quarter was CNY 93,331,787.19, down from CNY 156,055,728.84, indicating a decline of about 40%[25]. - Basic earnings per share decreased to CNY 0.15 from CNY 0.26, a decline of approximately 42%[26]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥320,329,447.24, a decline of 222.74% year-over-year[4]. - The company reported a net cash flow from operating activities of -CNY 320,329,447.24, worsening from -CNY 99,253,819.78 in the previous year[28]. - Cash flow from financing activities increased significantly by 831.47%, amounting to a net inflow of ¥682,756,888.88, driven by increased borrowings[12]. - The cash inflow from investment activities was CNY 570,529,609.85, down from CNY 954,223,822.54, indicating a decrease of approximately 40%[28]. - The net cash flow from investment activities was -395,469,791.96 CNY, a significant decrease compared to -52,068,823.15 CNY in the previous year[30]. - The net cash flow from financing activities increased to 600,642,901.99 CNY, compared to -82,113,986.89 CNY in the same period last year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,837,902,700.67, an increase of 27.12% from the end of the previous year[4]. - Total current assets reached CNY 2,907,468,535.13, up from CNY 2,128,150,017.77 in the previous year[17]. - The total liabilities increased to CNY 1,997,035,977.19 from CNY 1,102,618,121.77, indicating a significant rise in financial obligations[21]. - The company's equity attributable to shareholders decreased to CNY 1,761,753,287.92 from CNY 1,840,552,968.28, reflecting a decline of approximately 4.3%[21]. - The total assets amounted to 3,019,126,677.85 CNY, with a slight increase in non-current assets to 890,976,660.08 CNY[33]. Inventory and Borrowings - The company's inventory increased by 42.22% year-over-year, amounting to an increase of ¥201,837,380.54, attributed to procurement[10]. - The company reported a significant increase in short-term borrowings, which rose by 121.12% to ¥795,904,969.79, indicating increased liquidity needs[10]. - Short-term borrowings surged to CNY 1,453,033,120.74, compared to CNY 657,128,150.95 at the end of 2020, representing a substantial increase[19]. - The total liabilities increased to CNY 1,997,035,977.19 from CNY 1,102,618,121.77, reflecting a growth of about 81%[23]. Operating Costs and Expenses - The company's gross profit margin was impacted by a 40.62% increase in operating costs, which rose by ¥638,491,224.81 due to higher sales volume[11]. - Total operating costs increased to CNY 2,461,418,160.12 from CNY 1,827,242,754.95, representing a year-over-year increase of approximately 35%[25]. - Research and development expenses rose to CNY 41,112,150.11 from CNY 34,716,593.44, an increase of about 18%[25]. Shareholder Information - The number of common shareholders at the end of the reporting period was 32,553[15]. - The top 10 shareholders held a combined 44.67% of the company's shares, with the largest shareholder, Zhou Guojian, owning 19.67%[15].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,627,595,644.83, representing a 28.39% increase compared to ¥1,267,702,291.23 in the same period last year[20]. - The net profit attributable to shareholders was ¥65,885,870.95, up 10.70% from ¥59,519,216.02 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥59,107,437.28, which is a 33.46% increase from ¥44,289,180.30 year-on-year[20]. - The basic earnings per share increased by 20.00% to ¥0.12 from ¥0.10 in the same period last year[20]. - The total assets at the end of the reporting period were ¥3,386,205,568.56, a 12.16% increase from ¥3,019,126,677.85 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 5.15% to ¥1,745,805,325.45 from ¥1,840,552,968.28 at the end of the previous year[20]. - The net cash flow from operating activities was negative at -¥155,440,500.09, a decline of 327.89% compared to -¥36,327,154.33 in the same period last year[20]. - The company reported a total investment of ¥7,000,000.00 during the reporting period, a 100% increase compared to the previous year[80]. - The company reported a total revenue of 860.16 million CNY for the first half of 2021, reflecting a significant increase compared to the previous year[106]. - The company reported a total comprehensive income of CNY 73.01 million, compared to CNY 64.16 million in the first half of 2020, reflecting a growth of 13.8%[175]. Revenue Breakdown - The revenue from clothing products was ¥648,855,634.60, accounting for 39.87% of total revenue, with a year-on-year growth of 23.08%[48]. - The revenue from silk products increased significantly by 59.11% to ¥499,833,849.95, representing 30.71% of total revenue[48]. - Domestic sales amounted to ¥914,407,925.14, which is 56.18% of total revenue, showing a substantial increase of 52.04% year-on-year[49]. - The company achieved total operating revenue of ¥1,627,595,644.83, an increase of 28.39% year-on-year[29]. - The company sold over 20 million garments annually, with a total import and export value nearing $200 million[30]. Cost and Expenses - The operating cost increased to ¥1,367,369,398.06, reflecting a 31.43% rise from ¥1,040,404,682.03, attributed to the growth in revenue[45]. - Research and development expenses increased by 22.69% to ¥27,568,863.39, indicating a focus on innovation and product development[49]. - The financial expenses surged by 620.65% to ¥17,634,212.89, primarily due to increased foreign exchange losses[49]. - The gross profit margin for the silk, silk clothing, and related business was reported at 15.99%, a decrease of 1.94% compared to the previous year[50]. Market and Business Development - The company has established long-term partnerships with renowned international brands such as MASSIMO DUTTI and EMPORIO ARMANI, enhancing its market presence[40]. - The company plans to enhance brand development and increase market share in the domestic market by focusing on the cultural connotation of silk[89]. - The company has established a comprehensive silk industry system, integrating R&D, manufacturing, foreign trade, branding, supply chain management, and financial services[30]. - The company continues to innovate in product development, focusing on new materials and technologies to maintain industry leadership[33]. - The company has committed to R&D investments, with a focus on innovative silk products to meet market demand[127]. Supply Chain and Production - The company has invested in supply chain expansion, establishing production bases in Anhui, Cambodia, and Myanmar to mitigate risks associated with labor shortages and trade protectionism[41]. - The company has a strong competitive edge due to its comprehensive silk industry chain, which includes cocoon collection, weaving, and garment production[38]. - The company has implemented innovative retail models for raw silk and cocoons, enhancing market efficiency[101]. - The company plans to establish a garment production base in Myanmar with an expected annual production capacity of approximately 1,000,000 pieces, currently under construction[55]. - The company has established a wastewater treatment system that meets the discharge standards, with all pollutants within regulatory limits[100]. Risks and Challenges - The company faces risks from the COVID-19 pandemic, which may affect the recovery speed of the European and American clothing markets and impact future export business[88]. - The company is exposed to macroeconomic risks due to geopolitical crises and the ongoing pandemic, which may lead to downward pressure on domestic economic performance[88]. - The main raw materials for the company's products are silk fabric and mulberry silk, with prices subject to fluctuations due to various factors such as market demand and economic conditions[89]. - The company will closely monitor the international financial market dynamics and utilize foreign exchange trading tools to mitigate exchange rate fluctuation risks[89]. Shareholder and Governance - The company has not distributed cash dividends or bonus shares for the half-year period[93]. - The company’s controlling shareholder has committed to avoiding any competition with the company’s business operations[104]. - The company has maintained strict adherence to its commitments regarding share transfers and management practices[103]. - The company has not engaged in any significant asset or equity acquisitions or sales during the reporting period[115]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[107]. Future Outlook - Future performance guidance indicates a cautious outlook due to current market conditions and operational challenges[199]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[199]. - Strategic partnerships are being pursued to enhance supply chain efficiency and product distribution[127]. - The overall performance in the first half of 2021 shows a positive trend, with expectations for continued growth in the second half[127].

Financial Performance - The company's operating revenue for Q1 2021 was ¥744,632,572.66, representing a 20.46% increase compared to ¥618,136,228.57 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥8,589,614.12, a decrease of 130.92% from a profit of ¥27,783,693.59 in the previous year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,273,149.45, an increase of 71.18% from ¥18,269,459.00 in the same period last year[9] - The net cash flow from operating activities was ¥64,331,037.68, up 22.89% from ¥52,346,975.87 in the previous year[9] - Total operating costs amounted to CNY 691,948,518.65, up from CNY 587,722,736.59, reflecting a year-over-year increase of 17.7%[50] - The net profit for the first quarter was a loss of CNY 5,569,747.56, compared to a profit of CNY 29,139,283.69 in the same period last year[51] - The company reported a total comprehensive income of CNY -5,566,595.77, down from CNY 29,180,304.97 in the same quarter last year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,111,557,113.29, a 3.06% increase from ¥3,019,126,677.85 at the end of the previous year[9] - The company's total assets increased to CNY 2,732,887,932.23 from CNY 2,549,961,008.13, representing a growth of 7.2%[49] - Total liabilities increased to CNY 1,243,860,650.48 from CNY 1,102,618,121.77, which is an increase of about 12.8%[42] - The company's equity decreased to CNY 1,666,110,036.07 from CNY 1,710,870,488.07, a decline of 2.6%[49] - The total liabilities amounted to 1,102,618,121.77 RMB, with current liabilities comprising 1,045,026,556.76 RMB[68] Cash Flow - The net cash flow from investing activities increased by CNY 18,245,514.34, a growth of 6.73%, mainly due to a decrease in fixed deposit expenditures[19] - The net cash flow from financing activities increased by CNY 51,417,006.62, a growth of 43.14%, primarily due to an increase in net borrowings[19] - The cash flow from operating activities has improved to ¥64,331,037.68 from ¥52,346,975.87, an increase of about 22.5%[58] - The net cash flow from operating activities for Q1 2021 was -14,730,818.90 RMB, a significant decrease compared to 243,951,248.77 RMB in Q1 2020[64] - Total cash inflow from investment activities was 145,487,016.51 RMB, down from 274,085,764.55 RMB in the previous year, resulting in a net cash flow from investment activities of -283,685,160.08 RMB[64] Shareholder Equity - The net assets attributable to shareholders decreased by 2.38% to ¥1,796,676,246.98 from ¥1,840,552,968.28 at the end of the previous year[9] - The company's total equity attributable to shareholders decreased to CNY 1,796,676,246.98 from CNY 1,840,552,968.28, a decline of approximately 2.4%[43] - The company has a total of CNY 375,008,464.81 in undistributed profits, reflecting retained earnings[73] - The company’s capital reserve is CNY 661,966,728.09, contributing to its overall financial stability[73] Investments and Projects - The company has allocated RMB 12,212,000 for the "Smart Factory and Foreign Trade Comprehensive Service Platform Project," which has been adjusted to RMB 9,212,000[31] - The company has invested RMB 70,060 in the reporting period from the raised funds, with RMB 158,500,000 in short-term financial products and structured deposits remaining[30] - The company has adjusted the investment structure and increased the scale of investment for the "Self-owned Brand Marketing Channel Intelligent Upgrade Project"[31] Risk Management - The company has established a risk management system for financial derivatives, ensuring compliance with relevant laws and regulations[29] - The company has implemented strict internal evaluations for financial derivatives operations to control risks effectively[29] Research and Development - The company is actively engaged in the research and development of new technologies, including the development of bionic silk technology[35] - Research and development expenses were CNY 14,469,654.48, up from CNY 11,321,998.22, indicating a year-over-year increase of 28.5%[50] Future Outlook - Future outlook includes potential market expansion and strategic acquisitions to enhance growth and operational efficiency[35]

Financial Performance - The company's operating revenue for 2020 was CNY 2,602,815,603.75, a decrease of 24.30% compared to CNY 3,438,465,946.17 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 194,786,234.28, an increase of 23.31% from CNY 157,963,225.42 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 72,039,545.59, down 33.04% from CNY 107,583,242.55 in 2019[16] - The basic earnings per share for 2020 was CNY 0.34, representing a 25.93% increase from CNY 0.27 in 2019[16] - The total revenue from the top five stores amounted to 8,883,889.54 yuan, with the highest revenue from the Jiaxing Xiuzhou Road store at 3,141,763.95 yuan[53] - The company's total sales volume for clothing decreased by 25.31% year-on-year to 14,999,903 pieces in 2020[54] - The production volume of knitted fabrics dropped by 67.46% year-on-year to 20,446.74 kg in 2020[54] - The company reported a gross margin of 35% for 2020, maintaining a stable margin compared to the previous year[134] Assets and Liabilities - The total assets at the end of 2020 were CNY 3,019,126,677.85, a slight decrease of 0.23% from CNY 3,026,048,198.91 at the end of 2019[17] - The net assets attributable to shareholders increased by 3.81% to CNY 1,840,552,968.28 at the end of 2020, compared to CNY 1,773,038,676.92 at the end of 2019[17] - The company's long-term equity investments decreased by 18.39 million yuan due to a reduction in a joint venture[35] - Fixed assets decreased by 23.58 million yuan primarily due to normal depreciation[35] - The company's cash and cash equivalents increased to ¥541,003,164.00, representing 17.92% of total assets, up from 16.92% at the beginning of the year[85] - Accounts receivable decreased to ¥320,749,843.30, accounting for 10.62% of total assets, down from 13.14% due to a decline in sales[85] - Inventory rose to ¥478,055,791.00, representing 15.83% of total assets, an increase attributed to higher stock levels for certain products[85] Cash Flow - The cash flow from operating activities for 2020 was CNY 143,019,154.85, a decrease of 9.76% from CNY 158,485,122.48 in 2019[16] - Operating cash inflow decreased by 22.15% to ¥3,020,868,776.67, while cash outflow decreased by 22.67% to ¥2,877,849,621.82[80] - Net cash flow from operating activities decreased by 9.76% to ¥143,019,154.85[81] - Investment cash inflow decreased by 23.41% to ¥1,300,587,952.14, and outflow decreased by 24.24% to ¥1,147,969,125.90[81] - Net cash flow from investment activities decreased by 16.57% to ¥152,618,826.24[81] - Financing cash inflow decreased by 3.86% to ¥1,061,287,324.70, while outflow decreased by 6.68% to ¥1,326,247,411.55[81] - Net cash flow from financing activities decreased by 16.48% to -¥264,960,086.85[81] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares to all shareholders, based on a total share capital of 577,673,641 shares after deducting repurchased shares[4] - The company's profit distribution policy emphasizes a minimum cash dividend ratio of 80% for mature stages without significant capital expenditures[124] - The company has maintained a consistent cash dividend distribution strategy over the past three years, adhering to its established guidelines[125] - The cash dividend for 2019 was 113,743,947.40 CNY, with a payout ratio of 72.01%[128] - The cash dividend for 2018 was 115,534,728.20 CNY, with a payout ratio of 80.51%[128] - The company's net profit available for distribution to ordinary shareholders was 375,008,464.81 CNY, indicating a strong profitability position[129] Market and Sales Performance - The company sold over 20 million garments in 2020, with a total import and export volume nearing USD 200 million, primarily targeting developed markets in Europe and the United States[24] - Domestic sales accounted for 52.61% of total revenue at CNY 1,369,236,666.45, while international sales contributed 47.39% at CNY 1,233,578,937.30, reflecting a year-on-year decline of 32.89% in overseas markets[52] - The company's self-owned brand sales primarily through online channels increased by 18%, outperforming the national online retail growth rate of 5.8% for apparel[29] - The company has expanded its user base, with a reported increase of 20% in active users, reaching 500,000 by the end of 2020[135] Research and Development - The company has established a provincial-level technology center to drive innovation in new materials, products, and technologies, maintaining a competitive edge in the industry[26] - The company is investing in R&D for new technologies, with a budget allocation of 50 million RMB for the development of innovative silk products[135] - Research and development investment increased by 15.38% to ¥49,465,769.51 in 2020, representing 1.90% of operating revenue[79] - The company is developing a digital garment design and intelligent manufacturing platform, integrating big data and AI technologies[78] Strategic Initiatives - The company aims to enhance its brand "Jiaxin Silk" and increase its market share in the domestic market by leveraging the centenary of the Communist Party of China[34] - The company has established stable partnerships with international brands such as MASSIMO DUTTI and EMPORIO ARMANI, enhancing its customer structure[38] - The company is focused on cultivating a young and innovative workforce to drive its strategic initiatives and enhance competitiveness[116] - The company plans to leverage its cultural heritage to promote its "Jin Santai" silk cultural products, aiming to increase brand influence[114] Environmental and Social Responsibility - The company has committed to sustainability initiatives, aiming to reduce production waste by 30% over the next three years[134] - The company invested over 14 million yuan in environmental protection initiatives, including transforming its thermal power project into a photovoltaic power generation project[176] - The company has established a relief fund to support employees facing financial difficulties due to serious illnesses[174] - The company actively participates in social welfare activities, supporting local education, culture, and health initiatives[176] Corporate Governance - The company has established a comprehensive corporate governance structure and internal control system to ensure fair treatment of all shareholders[174] - The company has received recognition as a "Demonstration Enterprise of Credit Management" in Zhejiang Province and a "AAA Credit Rating Enterprise" from the China Textile Import and Export Chamber[175] - The company has maintained a continuous relationship with its accounting firm, which has provided audit services for 14 years, with a fee of 1.05 million yuan for the current period[143] Share Repurchase and Capital Structure - The company has implemented a share repurchase plan to enhance investor confidence and stabilize stock prices, having repurchased 8,953,904 shares previously[48] - The total share capital as of December 31, 2020, is 577,673,641 shares, with 8,953,904 shares repurchased[127] - The company aims to use repurchased shares for employee stock ownership plans and equity incentives[188] - The largest shareholder, Kai Xiya Holdings Limited, holds 92,490,071 shares, accounting for 16.01% of total shares[197]

浙江嘉欣丝绸股份有限公司 2020 年第三季度报告全文 浙江嘉欣丝绸股份有限公司 2020 年第三季度报告 2020 年 10 月 1 浙江嘉欣丝绸股份有限公司 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。 单位：元 公司负责人周国建、主管会计工作负责人沈玉祁及会计机构负责人(会计主 管人员)周骏声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江嘉欣丝绸股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,005,017,370.18 | | 3,026,048,198.91 | -0.69% | | 归属于上市公司股东的净资产 | 1,798,7 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,267,702,291.23, a decrease of 27.36% compared to ¥1,745,134,608.18 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥59,519,216.02, down 24.27% from ¥78,592,681.15 in the previous year[19]. - The net cash flow from operating activities was negative at ¥36,327,154.33, a decline of 133.50% compared to a positive cash flow of ¥108,453,134.31 in the same period last year[19]. - Basic earnings per share decreased by 23.22% to ¥0.1045 from ¥0.1361 in the previous year[19]. - Total assets at the end of the reporting period were ¥2,919,517,419.98, a decrease of 3.52% from ¥3,026,048,198.91 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥1,708,662,430.27, down 3.63% from ¥1,773,038,676.92 at the end of the previous year[19]. - The company achieved total operating revenue of ¥1,267,702,291.23, a year-on-year decrease of 27.36%[39]. - Net profit for the period was ¥64,148,984.23, down 24.19% year-on-year, while the net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,289,180.30, a decrease of 19.37%[39]. - The company reported a significant decline in cash flow from operating activities, with a net outflow of ¥36,327,154.33, a decrease of 133.50% year-on-year[42]. - The revenue from the clothing segment was ¥527,176,712.66, representing 41.59% of total revenue, down 33.58% year-on-year[44]. - The company’s overseas revenue accounted for 52.56% of total revenue, amounting to ¥666,287,877.77, a decrease of 31.31% year-on-year[44]. Investment and Financial Management - The company launched a share repurchase plan during the reporting period to enhance investor confidence and protect shareholder interests[40]. - Research and development investment amounted to ¥22,470,005.21, a decrease of 3.48% compared to the previous year[42]. - The company reported a total of ¥261,409,115.55 in restricted assets, including cash and fixed assets pledged to banks[55]. - The total investment during the reporting period was ¥0, a 100% decrease compared to ¥9,400,000 in the previous year[56]. - The company has pledged two invention patents and six utility model patents to a bank, with a maximum loan amount of ¥10 million[55]. - The company reported a total of 70,000,000.00 in trust products, with a fair value of 50,000,000.00 at the end of the reporting period[61]. - The company has invested RMB 8,000 million of temporarily idle raised funds in principal-protected short-term financial products, yielding a net income of RMB 22.61 million after bank fees[67]. - The total amount of raised funds is RMB 39,600 million, with RMB 1,802.51 million invested during the reporting period[65]. - The company has established a special account for the use of raised funds to ensure they are used for the intended purposes[88]. - The company has committed to maintaining transparency and accuracy in the disclosure of information related to fundraising[88]. Market Position and Business Strategy - The company sold approximately 21 million garments annually, with a total import and export volume nearing $300 million[27]. - The company has established a complete industrial chain from silkworm cocoon collection to garment manufacturing, enhancing its production and export capabilities[27]. - The self-owned brand "Jin San Ta" has a diverse product range, including seven series of silk products, and has gained significant recognition in the market[28]. - Long-term partnerships with international brands such as MASSIMO DUTTI and EMPORIO ARMANI have strengthened the company's market position[33]. - The company’s online sales on platforms like Tmall and JD have ranked among the top in various silk lingerie categories, indicating strong brand performance[33]. - The company plans to adjust the implementation plan of the "Self-owned Brand Marketing Channel Intelligent Upgrade Project" based on market research and feasibility analysis due to changing consumer preferences[70]. - The company is focusing on the development of new technologies, with an investment of 50 million RMB allocated for R&D in innovative silk products[90]. - Market expansion efforts include entering two new provinces, aiming to increase market share by 5% in these regions by the end of 2020[90]. - The company is exploring market expansion opportunities in international markets, aiming to increase export sales by 30%[110]. Risk Management - The company has acknowledged potential risks in its future business plans and has detailed these in the report[6]. - The company faces macroeconomic risks due to the global spread of COVID-19, which may adversely affect export business[81]. - The company is exposed to exchange rate fluctuation risks as its export sales are primarily settled in USD[81]. - The main raw materials for the company's products are silk fabrics and mulberry silk, which are subject to price volatility due to various factors[81]. - The company aims to enhance product value and bargaining power by increasing design R&D and market expansion efforts[82]. - The company has implemented measures to manage investment risks and improve post-investment management[82]. Shareholder and Corporate Governance - The annual shareholders meeting had an investor participation rate of 47.43% on May 6, 2020[85]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[86]. - The company has a strict commitment to not transfer shares exceeding 25% of their holdings during their tenure and for six months after leaving[87]. - The company has promised to avoid any related party transactions that could harm the interests of the company and its shareholders[88]. - The company has fulfilled its commitments regarding the management of related party transactions and will adhere to legal procedures[88]. - Major shareholders include Zhou Guojian with 19.67% (113,644,600 shares) and Zhejiang Kaixiya Investment Co., Ltd. with 16.01% (92,490,071 shares)[130]. - There were no changes in the controlling shareholder or actual controller during the reporting period[132]. - The company did not issue any preferred shares or convertible bonds during the reporting period[135][138]. Legal and Compliance - The company reported a total amount involved in litigation of 2,180.56 million yuan related to a contract dispute with Shanghai La Chapelle Fashion Co., Ltd.[94]. - The company has a pending judgment requiring Zhejiang Longcheng Weima Textile Technology Co., Ltd. to pay 1,355.362 million yuan for a sales contract dispute, which is currently in the execution phase[95]. - The company has not experienced any major litigation or arbitration matters during the reporting period[94]. - The company has not undergone any bankruptcy reorganization during the reporting period[93]. - The half-year financial report has not been audited[92]. - The company has not engaged in any significant related party transactions during the reporting period[99]. - The company has not reported any media controversies during the reporting period[96]. Environmental and Social Responsibility - The company has established effective pollution control measures and all environmental indicators are within the legal limits[119]. - The company has not conducted any significant poverty alleviation work during the reporting period and has no subsequent plans[120].

Financial Performance - The company's operating revenue for Q1 2020 was ¥618,136,228.57, a decrease of 31.55% compared to ¥903,006,849.79 in the same period last year[10] - The net profit attributable to shareholders was ¥27,783,693.59, down 30.99% from ¥40,262,698.58 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥18,269,459.00, which represents a slight increase of 1.32% compared to ¥18,031,065.78 in the previous year[10] - The basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 in the same period last year[10] - The diluted earnings per share also fell by 28.57% to ¥0.05 compared to ¥0.07 in the previous year[10] - The weighted average return on equity was 1.56%, down from 2.25% in the same period last year, a decrease of 0.69%[10] - The company's total revenue for the reporting period decreased by ¥284,870,621.22, a drop of 31.55%, mainly impacted by the COVID-19 pandemic[20] - The company's investment income decreased by ¥13,238,326.56, a decline of 84.29%, primarily due to significant disposal gains from the "Paradise Silicon Valley - Xianfu No. 1 Asset Management Plan" in the previous year[20] - The company's operating profit for Q1 2020 was CNY 38,644,448.00, a decline from CNY 50,553,411.94 in the prior year, reflecting a decrease of approximately 23.5%[48] - The total profit for Q1 2020 was CNY 39,503,577.17, compared to CNY 51,047,262.23 in the same period last year, indicating a decrease of about 22.5%[48] Cash Flow and Assets - The net cash flow from operating activities was ¥52,346,975.87, a decline of 18.08% from ¥63,898,313.57 in the same period last year[10] - The total assets at the end of the reporting period were ¥3,140,533,649.91, reflecting a growth of 3.78% from ¥3,026,048,198.91 at the end of the previous year[10] - The net cash flow from operating activities decreased by ¥11,551,337.70, a decline of 18.08%, primarily due to a year-on-year decrease in revenue leading to reduced sales receipts[20] - As of March 31, 2020, the company's cash and cash equivalents amounted to ¥576.71 million, an increase from ¥512.00 million as of December 31, 2019, representing a growth of 12.8%[38] - The company's trading financial assets increased significantly to ¥372.62 million from ¥149.13 million, marking a growth of 149.9%[38] - The total current assets reached ¥2.21 billion, up from ¥2.10 billion, reflecting an increase of 5.4%[38] - The company's total assets amounted to ¥3.14 billion, compared to ¥3.03 billion, indicating a growth of 3.8%[39] - Total cash inflow from operating activities was CNY 761,331,716.21, down 25.6% from CNY 1,023,127,750.73 year-on-year[55] - Cash outflow from operating activities totaled CNY 708,984,740.34, a decrease of 26.0% compared to CNY 959,229,437.16 in the previous year[55] Liabilities and Equity - The company's total liabilities decreased by ¥98,192,577.14, a reduction of 31.71%, mainly due to the payment of due goods[19] - The total liabilities were CNY 1,179,288,097.40, while total equity stood at CNY 1,846,760,101.51[66] - The total equity attributable to shareholders reached CNY 1,790,702,308.04, up from CNY 1,773,038,676.92[41] - The company's total liabilities to equity ratio is approximately 0.64, indicating a balanced capital structure[64] - The company has no long-term borrowings or bonds payable reported in the current liabilities section[64] Other Financial Metrics - The company reported non-recurring gains of ¥9,514,234.59 during the reporting period, including government subsidies and other income[11] - The company's other income increased by ¥1,114,855.62, a growth of 147.81%, mainly due to an increase in government subsidies[20] - The company's financial expenses decreased by ¥17,943,865.50, a decline of 131.13%, mainly due to increased exchange gains in the current period compared to significant losses in the previous year[20] - The company reported a fair value change gain of ¥0.58 million from foreign exchange trading activities during the first quarter of 2020[30] - The company has implemented strict internal evaluations and established a risk management system for financial derivatives trading, ensuring compliance with relevant laws and regulations[30] Shareholder Activities - The company has repurchased a total of 8,953,904 shares, accounting for approximately 1.55% of the total share capital, with a total transaction amount of ¥50,154,594.9[22] - The company has no reported violations regarding external guarantees during the reporting period[31] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32] Compliance and Reporting - The company has not undergone an audit for the first quarter report[74] - The company is implementing new accounting standards for revenue and leasing effective from 2020[74] - The first quarter report is not subject to audit, indicating preliminary financial data[74]

Financial Performance - The company's operating revenue for 2019 was CNY 3,438,465,946.17, representing an increase of 8.09% compared to CNY 3,181,203,702.67 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 157,963,225.42, which is a 10.08% increase from CNY 143,505,016.62 in 2018[16] - The net profit after deducting non-recurring gains and losses was CNY 107,583,242.55, up 29.08% from CNY 83,348,141.63 in 2018[16] - The net cash flow from operating activities increased by 87.28% to CNY 158,485,122.48 from CNY 84,625,495.83 in 2018[16] - The basic earnings per share for 2019 was CNY 0.27, an increase of 8.00% compared to CNY 0.25 in 2018[16] - The total profit for the year was CNY 207,247,311.72, an increase of 7.13% compared to the previous year[38] - The company reported a significant increase in silkworm sales revenue, which surged by 593.41% to ¥133,990,288.47[45] - The gross profit margin for the silk, silk clothing, and related business was 15.89%, up from the previous year[47] Assets and Investments - The total assets at the end of 2019 were CNY 3,026,048,198.91, a slight decrease of 0.31% from CNY 3,035,439,659.02 at the end of 2018[17] - The net assets attributable to shareholders at the end of 2019 were CNY 1,773,038,676.92, reflecting a growth of 1.08% from CNY 1,754,008,840.91 at the end of 2018[17] - The company’s long-term equity investments increased by approximately $1.02 million, primarily due to investments in a venture capital partnership[30] - The company completed the acquisition of Jin Yunjin (Cambodia) Garment Co., Ltd. and established new subsidiaries in Hong Kong and Myanmar during the reporting period[52] Revenue Breakdown - The revenue from clothing products was ¥1,532,096,936.13, accounting for 44.56% of total revenue, with a year-on-year growth of 4.67%[45] - Domestic revenue increased by 17.80% to ¥1,600,297,211.23, while international revenue grew by 0.85% to ¥1,838,168,734.94[45] - The company achieved a total of approximately $3 billion in import and export trade, selling around 21 million garments annually[26] Dividend Policy - The company plans to distribute a cash dividend of CNY 2 per 10 shares (including tax) to all shareholders[4] - The proposed cash dividend for the fiscal year 2019 is also 2.00 CNY per 10 shares, with an estimated total distribution of around 113.74 million CNY[107] - The cash dividend amount for 2019 is CNY 113,743,947.40, representing 72.01% of the net profit attributable to ordinary shareholders[109] - The company emphasizes a cash dividend policy where at least 10% of the distributable profit will be distributed annually, ensuring a minimum of 30% over three consecutive years[104] Research and Development - The company applied for 8 patents and was involved in 5 provincial and municipal technology innovation projects[40] - R&D expenses rose by 20.49% to ¥42,871,488.87 in 2019 from ¥35,580,416.70 in 2018, accounting for 1.25% of operating revenue[60] - The company is developing a digital design and intelligent manufacturing platform for clothing, integrating new technologies such as big data and artificial intelligence[59] Market Expansion and Strategy - The company aims to enhance its international supply chain by gradually increasing overseas production capacity to meet business order processing needs, particularly in Southeast Asia[88] - The company plans to enter new markets in Southeast Asia, targeting a market share increase of 5% within the next two years[198] - Future outlook indicates a projected revenue growth of 10% for 2020, driven by new product launches and market expansion strategies[198] Risk Management - The company acknowledges risks related to macroeconomic factors, including the impact of the COVID-19 pandemic on export business and overall economic conditions[96] - The company is exposed to exchange rate fluctuations as its export sales are primarily settled in USD, increasing currency risk with growing export volumes[96] - The company will utilize forward foreign exchange trading tools to mitigate currency risk[97] Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder and creditor rights, holding two shareholder meetings during the reporting period[154] - The company has committed to using raised funds strictly for the disclosed purposes and will not engage in financial or real estate businesses with these funds[113] Operational Efficiency - The company has established a new distribution center to improve logistics efficiency, expected to reduce delivery times by 30%[115] - The company aims to improve operational efficiency by 5% through automation in production processes[200] Shareholder Information - The number of shareholders increased from 37,208 to 38,848 during the reporting period[173] - The largest shareholder, Zhou Guojian, holds 19.67% of the shares, totaling 113,644,600 shares, with 28,411,150 shares pledged[173] - The company has not reported any changes in shareholding for independent directors during the reporting period[188]