证券代码：002485 证券简称：*ST 雪发 公告编号：2022-082 雪松发展股份有限公司 关于参加山东辖区上市公司 2022 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者尤其是中小投资者的沟通交流，进一步提升公司投资 者关系管理水平，保护投资者利益，雪松发展股份有限公司（以下简称"公司"） 将参加"山东辖区上市公司2022年度投资者网上集体接待日活动"。现将有关事项 公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式举行，投资者可登录全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次活动，互动交流时间为2022年11月16日（星期三）下 午14:00-16:00。 出席本次投资者网上集体接待日活动的公司人员有：董事会秘书梁月明女士 和财务总监倪振凤女士，欢迎广大投资者积极参与。 特此公告。 雪松发展股份有限公司董事会 2022 年 11 月 15 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.45 billion, representing a 50.72% increase compared to ¥959 million in the same period last year[23]. - The net profit attributable to shareholders was a loss of approximately ¥6.03 million, which is a 71.04% increase in loss compared to a loss of ¥3.53 million in the previous year[23]. - The net cash flow from operating activities improved significantly to approximately ¥60.74 million, compared to a negative cash flow of ¥24.91 million in the same period last year, marking a 343.79% increase[23]. - The total assets at the end of the reporting period were approximately ¥3.32 billion, reflecting a 3.73% increase from ¥3.20 billion at the end of the previous year[23]. - The basic earnings per share were reported at -¥0.0111, a decrease of 70.77% compared to -¥0.0065 in the same period last year[23]. - The company reported a total profit of 28,343,536.38 CNY after tax impacts and minority interests[28]. - The company reported a net profit attributable to shareholders of negative value for the year 2021, with operating revenue below 100 million RMB, leading to a "delisting risk warning" for its stock starting May 6, 2022[119]. Cash Flow and Investments - The company's net increase in cash and cash equivalents was ¥8,626,671.63, a 126.56% improvement from a decrease of ¥32,480,379.56 in the previous year[46]. - The company reported a substantial increase in investment cash flow, which rose by 1,325.52% to ¥32,583,921.96, primarily due to cash recovered from the disposal of shops[46]. - The cash flow from investment activities generated a net inflow of ¥32,583,921.96 in the first half of 2022, compared to a net inflow of ¥2,285,756.47 in the same period of 2021[156]. - The company incurred a total operating cost of ¥57,876,800.00 in the first half of 2022, compared to ¥85,740,433.03 in the same period of 2021, representing a decrease of approximately 32%[152]. Business Segments and Operations - The company’s main business segments include cultural tourism, supply chain management, and apparel sales, with a focus on diversified development and professional operations[31]. - The cultural tourism business showed a steady recovery, with Yunnan province receiving 3.59 billion visitors in the first half of 2022, a 3.2% increase year-on-year[36]. - The company’s supply chain management and comprehensive services business maintained steady growth, focusing on core customers and providing integrated solutions[33]. - The company’s steel and coal business segments have seen steady growth through personalized solutions for core clients[39]. - The company has established a new aluminum products division, aiming to create a full industry chain business model by collaborating with upstream and downstream partners[40]. Risks and Challenges - The company faces risks including major pandemics, natural disasters, economic cycles, commodity price fluctuations, and market competition[4]. - Economic cycle risks may impact consumer demand and, consequently, the company's operational performance due to complex domestic and international conditions[69]. - Fluctuations in commodity prices significantly affect the company's profitability, prompting the company to conduct market research and adjust marketing strategies accordingly[70]. - The company is experiencing intensified market competition and aims to leverage its strengths to enhance core competitiveness and increase market share[71]. Corporate Governance and Compliance - The company has implemented strict risk control measures and improved internal governance to enhance operational management capabilities[38]. - The company emphasizes corporate social responsibility, integrating it into its development strategy and ensuring compliance with legal regulations[82]. - The half-year financial report has not been audited, and the company acknowledges the audit opinion from its accounting firm[88]. - The company has not faced any environmental penalties and is not classified as a key pollutant discharge unit[81]. Shareholder and Equity Information - The company’s controlling shareholder, Xuesong Cultural Investment, holds 382,468,426 shares, accounting for 70.30% of the total share capital, with 372,662,016 shares pledged and 377,557,496 shares judicially frozen[94]. - The company has not made any significant changes to its accounting policies regarding derivatives compared to the previous reporting period[61]. - The company held four shareholder meetings during the reporting period, with participation rates of 69.48%, 69.45%, 69.62%, and 74.90% respectively[74][75][76][77]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[76]. Future Outlook and Strategic Initiatives - The company provided an optimistic outlook, projecting a revenue growth of 10% for the next quarter, driven by new product launches and market expansion strategies[161]. - The company plans to expand its market presence in Asia, targeting a 30% increase in market share within the next year[161]. - A strategic acquisition was announced, which is expected to contribute an additional $200 million in annual revenue starting next fiscal year[161]. - The company is exploring partnerships with local firms to enhance distribution channels, aiming for a 20% increase in sales through these collaborations[161].

Financial Performance - The company's operating revenue for Q1 2022 was ¥324,057,764.09, representing a 28.53% increase compared to ¥252,128,909.88 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,330,706.36, an improvement of 53.99% from a loss of ¥5,065,487.54 in the previous year[3] - The net profit for the reporting period showed a 73.60% increase, attributed to growth in supply chain business[6] - The company reported a total operating revenue of ¥324,057,764.09 for the first quarter of 2022, an increase of approximately 28.6% compared to ¥252,128,909.88 in the same period last year[21] - The total revenue for Q1 2022 was 1,065,519,987.94 CNY, a significant increase from 253,787,884.12 CNY in the same period last year, representing a growth of approximately 319%[25] - The net profit for Q1 2022 was -1,702,238.90 CNY, an improvement compared to -6,448,405.75 CNY in Q1 2021, indicating a reduction in losses by about 74.8%[23] - Operating profit for Q1 2022 was -3,866,834.86 CNY, which is a 47.4% improvement from -7,339,007.53 CNY in the previous year[23] - The company reported a total comprehensive loss of -1,702,238.90 CNY for Q1 2022, compared to -6,448,405.75 CNY in Q1 2021, reflecting a significant reduction in overall losses[23] Cash Flow and Assets - The net cash flow from operating activities increased by 195.76%, reaching ¥78,854,808.88, compared to a negative cash flow of ¥82,348,917.01 in the same period last year[3] - The company's total assets at the end of the reporting period were ¥3,357,935,683.14, a 4.85% increase from ¥3,202,464,834.22 at the end of the previous year[3] - The company's current assets decreased to ¥1,089,295,181.02 from ¥1,178,061,422.46, representing a decline of about 7.56%[18] - The company's total liabilities increased to ¥1,607,903,133.66 from ¥1,448,436,819.04, marking an increase of approximately 11%[20] - The company’s cash and cash equivalents decreased significantly from ¥58,953,449.77 to ¥23,657,063.07, a decline of about 59.9%[18] - The total cash and cash equivalents at the end of Q1 2022 were 21,866,830.74 CNY, down from 42,887,616.38 CNY at the end of Q1 2021[26] Inventory and Borrowings - The company's inventory increased by 155.54%, indicating growth in supply chain business[6] - The company’s inventory increased to ¥80,863,930.71 from ¥31,644,370.61, showing a substantial rise of approximately 155.7%[19] - The company's short-term borrowings decreased by 62.05%, primarily due to repayment of bank loans[6] - The company's short-term borrowings decreased significantly from ¥101,436,083.38 to ¥38,495,989.74, a reduction of approximately 62%[19] Shareholder and Corporate Governance - The company has received financial support from its controlling shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., with a total amount not exceeding RMB 1 billion, available for a period of 36 months from May 1, 2022, to April 30, 2025[14] - As of March 31, 2022, the balance of financial support received from the controlling shareholder was RMB 22.55 million[14] - The company has a total of 12,240 common shareholders at the end of the reporting period[9] - The top 10 shareholders hold a significant portion of shares, with Guangzhou Xuesong Cultural Tourism Investment Co., Ltd. holding 63.62%[9] - The company has undergone changes in its board of directors, with the election of a new chairman and independent directors[11] Business Operations and Strategy - The company plans to continue leasing or selling up to 19 shops/properties with a total book value not exceeding RMB 640 million, at market or appraised prices[15] - During the reporting period, the company has leased out 18 shops, generating revenue of RMB 2.33 million[15] - The company has engaged in discussions regarding the potential for mergers and acquisitions to expand its market presence[12] - The company has approved a futures hedging business with a maximum guarantee amount of RMB 75 million, including RMB 30 million for steel product futures[13] Expenses and Financial Management - The company experienced a 52.69% reduction in selling expenses, reflecting decreased marketing costs[6] - The company incurred financial expenses of 7,638,882.43 CNY in Q1 2022, a decrease from 10,060,823.85 CNY in the same period last year[23] - Research and development expenses for Q1 2022 were 339,158.07 CNY, slightly down from 390,977.67 CNY in the same period last year[23] Auditor and Compliance - The company has changed its external auditor to Zhongxi Accounting Firm, with a total audit fee of RMB 1.5 million for the 2021 fiscal year[10]

Financial Performance - The company's operating revenue for 2021 was ¥2,016,017,199.71, representing a 32.15% increase compared to ¥1,525,581,290.30 in 2020[19] - The net profit attributable to shareholders was -¥442,951,816.30, a significant decline of 2,124.83% from -¥19,909,491.84 in the previous year[19] - The basic earnings per share for 2021 was -¥0.8142, a decline of 2,124.59% from -¥0.0366 in 2020[19] - The weighted average return on net assets was -22.61%, a decrease of 21.70% compared to -0.91% in the previous year[19] - The company reported a significant loss in non-recurring gains and losses, totaling CNY -403.94 million for the year, primarily due to fair value changes in investment properties[26] - The company's net profit attributable to shareholders decreased by 1,260.21% year-on-year, significantly impacted by a reduction in fair value gains from investment properties due to ongoing pandemic effects[61] - The fair value of investment properties decreased by 413,762,351.06, accounting for 88.17% of total profit loss, primarily due to the decline in property values[63] Cash Flow and Assets - The net cash flow from operating activities improved to ¥107,206,983.32, a 172.60% increase from -¥147,671,509.44 in 2020[19] - The total assets at the end of 2021 were ¥3,202,464,834.22, down 5.08% from ¥3,373,890,257.70 at the end of 2020[19] - The net cash flow from operating activities increased by 172.60% year-on-year, primarily due to improved collection efforts[61] - The net cash flow from investing activities decreased by 129.84% year-on-year, mainly due to increased investment in town projects[61] - The net cash flow from financing activities decreased by 48.01% year-on-year, attributed to increased loan repayments and interest payments[61] - Cash and cash equivalents decreased by 28,549,932.42, showing a 69.47% improvement compared to the previous year's decrease[61] Revenue Segmentation - The company reported a significant increase in revenue from new trade and other business activities, with a total of ¥1,962,802,857.93 in 2021[20] - Supply chain business revenue surged to ¥1,866,712,884.37, accounting for 92.60% of total revenue, with a remarkable year-on-year growth of 264.54% from ¥512,067,461.47[45] - The tourism segment generated ¥53,214,341.78, which is a significant decline of 60.60% compared to ¥135,046,268.71 in the previous year, indicating challenges in this area[45] Strategic Initiatives and Developments - The company plans not to distribute cash dividends or issue bonus shares[5] - The company aims to strengthen its operational capabilities in the cultural tourism sector while adapting to market changes amid the ongoing pandemic[36] - The company expanded its supply chain management services, focusing on coal, coke, oil, and steel, enhancing its operational scale and efficiency[33] - The company developed the "Cedar Smart Chain" platform in collaboration with the Chinese Academy of Sciences, achieving five software copyrights in supply chain technology[35] - The company has diversified its marketing strategies, integrating online and offline experiences, which has attracted a younger demographic, with Douyin platform views for Dajian Huaxiang reaching 65 million[38] Governance and Compliance - The company has established a comprehensive governance structure, including 28 internal regulations and systems to ensure compliance with legal and regulatory requirements[88] - The board of directors consists of 9 members, including 3 independent directors, meeting the requirement of over one-third independence[92] - The company has implemented a robust investor relations management system to ensure transparent communication with shareholders[95] - The company has established various committees under the board, including an audit committee and a remuneration and assessment committee, to enhance governance[92] - The company has committed to timely and accurate information disclosure, enhancing transparency and protecting shareholder rights[95] Risks and Challenges - The company acknowledges risks related to major pandemics, natural disasters, and market competition, urging investors to be cautious[4] - Economic cycle fluctuations and macroeconomic changes may affect consumer demand and, consequently, the company's performance[82] - The company faces risks from commodity price volatility, which could significantly impact its profitability[83] - Increased market competition necessitates the company to leverage its strengths and enhance its core competitiveness[84] Employee and Talent Management - The total number of employees at the end of the reporting period was 155, with 129 from major subsidiaries and 26 from the parent company[125] - The employee composition includes 83 sales personnel, 35 finance personnel, 14 administrative personnel, and 2 technical personnel[125] - The company emphasizes the cultivation and enhancement of comprehensive and high-end talents, maintaining a competitive salary structure[127] - Training plans are developed annually to align with the company's strategic development needs, focusing on various skill enhancement areas[128] Shareholder and Equity Structure - The total number of shares is 544,000,000, with 100% being unrestricted shares[189] - The largest shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., holds 63.62% of the shares, totaling 346,103,845 shares[191] - The company has not issued any new shares or conducted any share buybacks during the reporting period[192] - The shareholder structure shows a total of 11,159 shareholders at the end of the reporting period[191] Future Outlook - The company plans to focus on steady business development in 2022, emphasizing risk control and cost management to enhance profitability[79] - Future outlook includes strategic initiatives aimed at market expansion and potential mergers and acquisitions, although specific targets were not mentioned[105] - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion yuan[113]

Financial Performance - Revenue for Q3 2021 reached ¥749,230,450.67, an increase of 104.89% compared to the same period last year[3] - Net profit attributable to shareholders was -¥2,059,407.94, a decrease of 172.17% year-on-year[3] - Total operating revenue for the third quarter of 2021 reached CNY 1,708,323,465.78, a significant increase from CNY 1,036,843,826.21 in the same period last year, representing a growth of approximately 64.8%[24] - The company reported a net loss of CNY 7,815,429.36 for the third quarter of 2021, an improvement from a net loss of CNY 63,476,254.52 in the same quarter of 2020[25] - Total comprehensive income attributable to the parent company was -¥5,586,068.43, compared to -¥53,247,929.92 in the previous period, indicating a reduction in losses[26] - The company recorded a total comprehensive loss of -¥7,815,429.36 for the period, compared to -¥63,476,254.52 in the previous year, showing a significant reduction in losses[26] Cash Flow and Assets - Operating cash flow for the year-to-date period was ¥57,895,916.20, reflecting a growth of 127.57%[3] - The net cash flow from operating activities increased by 127.57%, driven by improved collections in supply chain and cultural tourism businesses[9] - The cash inflow from financing activities was ¥486,445,816.67, down from ¥1,375,845,100.00 in the previous year, reflecting a decrease of approximately 64%[29] - The total cash outflow from operating activities was ¥1,801,562,131.20, compared to ¥1,675,705,238.43 in the previous year, indicating an increase in operational expenses[29] - The company's cash and cash equivalents increased to CNY 94,746,536.76 from CNY 93,152,621.29, showing a slight growth of 1.7%[21] - The cash and cash equivalents at the end of the period amounted to ¥88,304,891.32, up from ¥34,193,016.25 at the end of the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,533,396,229.07, up 4.73% from the end of the previous year[3] - Current liabilities totaled CNY 1,028,113,682.78 as of September 30, 2021, compared to CNY 794,419,845.88 at the end of 2020, marking an increase of about 29.4%[22] - The company’s total liabilities reached CNY 1,314,907,289.59, an increase from CNY 1,108,870,403.17, representing a growth of approximately 18.6%[22] - The company has a long-term payable of approximately CNY 83.42 million[33] - Deferred income was reported at CNY 198.17 million[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,227[11] - Guangzhou Xuesong Cultural Tourism Investment Co., Ltd. holds 63.62% of shares, totaling 346,103,845 shares[11] - The top 10 shareholders include both institutional and individual investors, with varying percentages of ownership[11] Business Operations - Inventory increased by 103.88% compared to the beginning of the year, primarily due to growth in supply chain business[8] - Revenue from supply chain business significantly contributed to a 64.76% increase in total revenue year-on-year[9] - Research and development expenses increased, indicating a focus on new product and technology development[9] - The company has confirmed rental income of 7.0975 million RMB from 19 shops during the reporting period[15] - The company plans to continue leasing or selling up to 19 shops with a total book value not exceeding 640 million RMB[15] Corporate Changes - The company changed its name from Sinoer Men's Wear Co., Ltd. to Cedar Development Co., Ltd. on August 5, 2021[13] - The company has appointed Zeng Lingtai as the new vice president following the resignation of Liu Hongjuan[18] - The company has retained Zhongxinghua Accounting Firm for the 2021 annual external audit[16] - The company has not disclosed any other significant relationships among the top 10 shareholders[12] - The company’s stock code remains unchanged at 002485 after the name change[13] Audit and Reporting - The report was released by the board of directors on October 29, 2021[35] - The company has not undergone an audit for the third quarter report[34]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥959,093,015.11, representing a 42.90% increase compared to ¥671,176,184.18 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of ¥3,526,660.49, an improvement of 93.71% from a loss of ¥56,101,357.87 in the previous year[20]. - The net cash flow from operating activities improved to -¥24,913,366.62, an 88.52% increase compared to -¥216,962,086.45 in the same period last year[20]. - The company's operating revenue reached ¥959,093,015.11, a year-on-year increase of 42.90%, primarily driven by significant growth in supply chain business revenue[39]. - The company's sales expenses decreased by 57.01% to ¥35,662,353.86, mainly due to reduced marketing costs after the transfer of the clothing subsidiary Shandong Xinuo's equity[40]. - The net profit for the first half of 2021 was ¥502,922.71, a significant improvement from a net loss of ¥16.76 million in the first half of 2020[143]. - The company reported a total comprehensive income of ¥502,922.71 for the first half of 2021, a significant recovery from a loss of ¥16.76 million in the same period of 2020[143]. - The company reported a net profit of 1.9 billion yuan, a decrease of 5.5% compared to the previous period[153]. - The company reported a total revenue of 4.54 billion for the current period, reflecting a significant increase compared to the previous period[156]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,651,852,937.31, an increase of 8.24% from ¥3,373,890,257.70 at the end of the previous year[20]. - The total liabilities of the company rose to CNY 1,410,647,069.35 from CNY 1,108,870,403.17, indicating an increase of around 27.1%[131]. - The company's cash and cash equivalents decreased by 71.55% to -¥32,480,379.56, reflecting a combination of revenue growth and reduced investment expenditures[40]. - The total amount of guarantees provided by the company during the reporting period is 100,000.00 million, with an actual occurrence of 0.00 million[101]. - The total guarantee amount at the end of the reporting period is 299,644.22 million, with an actual guarantee balance of 49,644.22 million[102]. - The total liabilities at the end of the period were reported at 3,000.00 million, showing a slight increase from the previous period[161]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period was 12,069[115]. - Guangzhou Xisong Cultural Tourism Investment Co., Ltd. holds 63.62% of the shares, totaling 346,103,845 shares, all of which are pledged[115]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[68]. - The company aims to enhance shareholder value through increased dividends and share buybacks in the upcoming fiscal year[161]. Business Operations and Strategy - The company is actively restoring its cultural tourism business, focusing on brand management and service enhancement in response to post-pandemic consumer trends[27]. - The company is accelerating the progress of ongoing projects, including the opening of the Zhejiang Jiaxing Xitang Huaxiang Phase I hotel and the construction of the Shandong Zhucheng Dinosaur Exploration Kingdom, which will feature a museum with an area of approximately 51,000 square meters[32]. - The company is expanding its supply chain management and comprehensive services, leveraging technology platforms to enhance operational efficiency and risk management[33]. - The company has established partnerships with major state-owned enterprises to enhance its steel procurement and distribution business, capitalizing on the strong market cycle in 2021[36]. - The company is committed to exploring innovative business models in supply chain finance, aligning with national policies to enhance service offerings[35]. - The company plans to enhance its core competitiveness and increase market share amid intensified market competition[62]. - The company plans to expand its market presence by entering three new regions by the end of the fiscal year[152]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 1 billion yuan allocated for potential deals[153]. Research and Development - Research and development investment increased to ¥952,658.23, marking a 100% increase due to new R&D initiatives[40]. - The company is investing 200 million in R&D for new technologies aimed at enhancing operational efficiency[152]. - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing user experience[153]. - Research and development expenses increased to 1.2 billion, representing a 20% increase as the company focuses on innovation[156]. Market and User Data - User data indicates a 15% increase in active users compared to the last quarter, reaching a total of 3.5 million[152]. - User data showed a total of 4.6 million active users, representing a growth of 7.5% year-over-year[153]. - User data indicates a steady growth in active users, with a year-over-year increase of 8%[157]. - User data showed a growth of 20% in active users, reaching 10 million users by the end of the quarter[159]. Risk Factors - The company faces risks including major epidemics, natural disasters, economic cycles, and market competition[5]. - The company faces risks from major pandemics and natural disasters, which could adversely affect its operations[59]. - The company has established measures to mitigate risks associated with inventory and price fluctuations through futures hedging[55]. Compliance and Governance - The financial statements are prepared based on the going concern assumption, indicating the company has the ability to continue operations for at least 12 months from the reporting date[174]. - The financial statements comply with the accounting standards set by the Ministry of Finance, reflecting the company's financial position and operating results accurately as of June 30, 2021[176]. - The company has maintained a good integrity status with no significant debts or court judgments pending[83]. - The company reported no significant litigation or arbitration matters during the reporting period[81].

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.53 billion, a decrease of 57.44% compared to ¥3.58 billion in 2019[16]. - The net profit attributable to shareholders was a loss of approximately ¥19.91 million, representing a decline of 144.25% from a profit of ¥93.57 million in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥84.91 million, down 318.75% from a profit of ¥38.82 million in 2019[16]. - The cash flow from operating activities showed a negative net amount of approximately ¥147.67 million, a decrease of 199.18% compared to a positive cash flow of ¥148.89 million in 2019[16]. - The basic earnings per share for 2020 was -¥0.0366, a decline of 144.26% from ¥0.1720 in 2019[16]. - The diluted earnings per share also recorded -¥0.0366, reflecting the same percentage decline as basic earnings per share[16]. - The weighted average return on net assets was -0.91%, down from 4.05% in the previous year[16]. - The company reported a total revenue of ¥812,998,039.74, with a gross margin of 19.11%[65]. - The company reported a net profit of CNY 71,339,571.17 after adjustments, down from CNY 144,385,371.17 before adjustments, reflecting a decrease of 50.5%[114]. - The company's total revenue for the year 2020 was reported at 4,111.467 million yuan[90]. Asset Management - Total assets at the end of 2020 were CNY 3,751,250,255.63, a decrease of 10.06% compared to the end of 2019[17]. - The company transferred 90% of its stake in Xi'an Tiannan Cultural Tourism Co., Ltd. to optimize its asset structure[27]. - Fixed assets decreased by 92.10% compared to the beginning of the year, primarily due to the transfer of subsidiary equity[29]. - The company’s intangible assets decreased by 49.40%, mainly due to the reduction in land use rights from the transfer of a subsidiary[29]. - The company’s cash and cash equivalents decreased by 52.46%, attributed to reduced income from the impact of the pandemic[29]. - The company reported a significant increase in other receivables, which rose to ¥594,582,749.70, representing 17.62% of total assets[79]. - The company’s deferred tax liabilities were adjusted from CNY 76,391,105.54 to CNY 35,850,005.54, a decrease of 53.0%[116]. - The company has a total external guarantee amount of 19.2 million RMB during the reporting period, which accounts for 22.77% of the company's net assets[138]. Business Strategy and Operations - The company has experienced a significant decline in both revenue and profit margins due to market conditions[16]. - Future strategies may include market expansion and new product development to recover from the current financial downturn[16]. - The company is expanding its supply chain management business, focusing on industries with high service value and market potential[28]. - The company adjusted its clothing business strategy by transferring 100% equity of its subsidiary Shandong Xinuo Men's Wear Co., Ltd. to improve asset quality[28]. - The company actively adjusted its business strategy to respond to the recovery of the cultural tourism industry, which saw a 52.1% year-on-year decline in domestic tourism numbers[34]. - The company is exploring new revenue streams by entering the bulk commodity supply chain management sector, which is still in its early stages[44]. - The company plans to focus on cost control and profitability enhancement in 2021, adapting its business model according to market conditions[93]. - The company aims to enhance its core competitiveness and market share amidst increasing market competition[96]. Marketing and Customer Engagement - The company implemented a diversified marketing strategy, utilizing new media platforms to enhance brand visibility and attract younger consumers[42]. - The company has focused on optimizing marketing strategies through digital platforms like WeChat and Douyin to enhance customer interaction[47]. - A new marketing strategy focusing on digital channels is expected to drive brand awareness and customer engagement, with a target of increasing social media followers by 50%[124]. - The company provided rent reductions to merchants during the pandemic to stabilize operations and support business recovery[42]. Human Resources and Management - The total number of employees in the company is 342, with 148 in sales, 3 in technical roles, 36 in finance, 6 in administration, and 149 in other categories[187]. - The total remuneration for directors and senior management during the reporting period amounted to 272.74 million CNY[186]. - The company emphasizes the cultivation and enhancement of comprehensive and high-end talents to maintain the vitality of its human resources[188]. - The company has implemented a training plan that includes new employee orientation, safety training, and skills enhancement training[189]. - The management team includes professionals with qualifications such as CPA and PMP, ensuring a strong governance structure[182]. Governance and Compliance - The company has established a comprehensive governance structure with 28 internal regulations, including the management of information disclosure and investor relations[192]. - The board of directors consists of 9 members, with 3 independent directors, meeting the legal requirements for independence[195]. - The company has complied with all regulatory requirements and has not received any administrative penalties from regulatory authorities during the reporting period[193]. - The company has a clear asset ownership structure, with independent procurement and sales systems[199]. Future Outlook - The company provided a positive outlook for the upcoming year, projecting a revenue growth of 25% for 2021, driven by new product launches and market expansion strategies[124]. - The company plans to enhance its online sales platform, with an investment of 20 million yuan aimed at increasing e-commerce sales by 40% in the next year[124]. - The company has set ambitious growth targets for the next fiscal year, projecting a revenue increase of 15%[90]. - The company is committed to protecting the interests of Xinuo and its shareholders from any potential harm[107].

Financial Performance - The company's revenue for Q1 2021 was ¥252,128,909.88, representing a decrease of 9.50% compared to ¥278,610,616.49 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥5,065,487.54, an improvement of 73.53% from a loss of ¥19,134,346.72 in the previous year[7] - The net cash flow from operating activities was a negative ¥82,348,917.01, which is a 40.93% improvement compared to a negative ¥139,401,532.48 in the same period last year[7] - The net profit attributable to shareholders of the listed company increased by 73.53% compared to the same period last year, mainly due to a gradual recovery in business and reduced losses[16] - The net cash flow from operating activities increased by 40.93% compared to the same period last year, primarily due to the gradual recovery of business[16] - Net loss for Q1 2021 was ¥6,448,405.75, compared to a net loss of ¥23,169,986.36 in Q1 2020, indicating an improvement of 72.1%[41] - Basic and diluted earnings per share for Q1 2021 were both -¥0.0093, an improvement from -¥0.0352 in the previous year[41] - Operating profit for the parent company was ¥1,052,932.57, compared to a loss of ¥400,534.69 in the same period last year[43] - The parent company's net profit for Q1 2021 was ¥166,943.18, down from ¥260,317.89 in Q1 2020, a decrease of 35.7%[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,609,465,017.13, an increase of 6.98% from ¥3,373,890,257.70 at the end of the previous year[7] - Total current assets increased to CNY 1,400,652,146.38 as of March 31, 2021, up from CNY 1,213,975,312.71 at the end of 2020, representing a growth of approximately 15.4%[30] - Total liabilities rose to CNY 1,350,655,401.43 as of March 31, 2021, compared to CNY 1,108,870,403.17 at the end of 2020, marking an increase of about 21.8%[32] - The company's total liabilities increased to ¥1,003,364,980.30 from ¥892,583,764.86, reflecting a rise of 12.4%[40] - The total equity attributable to shareholders decreased to CNY 2,175,217,680.21 from CNY 2,180,045,000.83, a decline of about 0.2%[33] - The company’s total liabilities to equity ratio increased, indicating a higher leverage position as of March 31, 2021[32] Cash Flow - The company's cash balance decreased by 47.05% compared to the beginning of the year, primarily due to new engineering investments and loan repayments[16] - Cash inflow from operating activities totaled 332,803,994.33, down 35.8% from 518,921,576.05 in the prior period[47] - Cash outflow from operating activities was 415,152,911.34, a decrease of 37.0% compared to 658,323,108.53 in the previous period[48] - The net cash flow from investing activities was -39,706,160.28, worsening from -32,104,813.95 in the previous period[48] - Cash inflow from financing activities increased to 297,653,900.00, up 16.9% from 254,527,000.00 in the prior period[49] - The net cash flow from financing activities was 68,699,248.50, down 26.3% from 93,095,996.08 in the previous period[49] - The ending cash and cash equivalents balance was 32,356,494.19, significantly down from 100,947,733.18 in the previous period[49] - The company received 100,000,000.00 in borrowings, doubling from 50,000,000.00 in the previous period[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,941[11] - The largest shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., held 63.62% of the shares[11] - The company did not conduct any repurchase transactions during the reporting period[12] - The company has no overdue commitments or guarantees during the reporting period[20] Operational Highlights - The company confirmed rental income of RMB 241.84 million from 19 leased shops during the reporting period[18] - The company plans to continue leasing/selling up to 19 shops with a total book value not exceeding RMB 640 million to enhance asset efficiency[18] - The company reported non-recurring gains and losses totaling ¥1,772,657.76 for the period[8] - Research and development expenses were reported at ¥390,977.67, indicating ongoing investment in innovation[40] - The company reported a significant reduction in sales expenses, which fell to ¥14,802,267.86 from ¥42,998,453.43, a decrease of 65.5%[40] Inventory and Receivables - Accounts receivable increased by 41.62% compared to the beginning of the year, mainly due to an increase in commercial and bank acceptance bills received[16] - The balance of accounts receivable financing grew by 399.29% compared to the beginning of the year, primarily due to an increase in bank acceptance bills received[16] - Inventory increased by 35.33% compared to the beginning of the year, mainly due to new supply chain goods dispatched[16] - Accounts receivable decreased slightly to CNY 278,970,922.33 from CNY 288,628,581.09, indicating a reduction of about 3.3%[30] - Inventory increased significantly to CNY 58,419,520.66, up from CNY 43,168,284.76, reflecting a growth of approximately 35.4%[30]

希努尔男装股份有限公司 2020 年第三季度报告全文 希努尔男装股份有限公司 2020 年第三季度报告 2020 年 10 月 1 希努尔男装股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人韩刚、主管会计工作负责人廖崇康及会计机构负责人(会计主管 人员)廖崇康声明：保证季度报告中财务报表的真实、准确、完整。 2 希努尔男装股份有限公司 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） | 4,022,556,698.24 | 3,751,250,255.63 | | 7.23% | | 归属于上市公司股东的净资产（元） | 2,292,718,549. ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥671,176,184.18, a decrease of 60.51% compared to ¥1,699,665,664.20 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of ¥35,144,107.87, representing a decline of 591.23% from a profit of ¥7,154,299.91 in the previous year[17]. - The net cash flow from operating activities was a negative ¥216,962,086.45, a significant drop of 1,849.27% compared to a negative ¥11,130,410.28 in the same period last year[17]. - The basic earnings per share were -¥0.0646, down 589.39% from ¥0.0132 in the previous year[17]. - The company reported a significant decrease of 66.94% in other business income, mainly due to reduced income from cultural tourism projects[41]. - The company reported a total comprehensive loss of approximately -¥16.76 million for the first half of 2020, compared to -¥7.98 million in the same period of 2019[144]. - The company experienced a net loss of 1,675.6 million, indicating a significant decline in profitability[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,837,063,184.08, an increase of 2.29% from ¥3,751,250,255.63 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 1.39% to ¥2,282,157,473.72 from ¥2,314,334,208.41 at the end of the previous year[17]. - Total liabilities increased to CNY 1,459,191,225.04 as of June 30, 2020, compared to CNY 1,332,776,072.31 at the end of 2019, marking an increase of approximately 9.5%[132]. - The company's total liabilities increased to CNY 687,138,531.89 in the first half of 2020, up from CNY 532,887,768.38 in the same period of 2019[137]. - The company has a total of ¥1,391,753,652.38 in restricted assets, primarily due to loan collateral[49]. Revenue Breakdown - The cultural tourism business generated revenue of ¥74,227,016.09, down 93.96% year-on-year, with an operating profit of ¥16,247,190.11, a decline of 86.99%[33]. - The apparel business reported revenue of ¥377,563,627.68, a decrease of 13.15% year-on-year, with an operating profit of ¥63,378,259.65, down 1.23%[33]. - The company's tourism revenue decreased by 93.96% compared to the same period last year, primarily due to the impact of the pandemic on tourism operations[40]. - Domestic sales reached ¥568,039,001.23, a 14.15% increase year-on-year, while overseas sales grew by 1.65% to ¥91,021,978.00[40]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has initiated exploration into bulk commodity supply chain business, although this remains in the early stages with significant uncertainty for future development[34]. - The company plans to enhance its operational capabilities and profitability through various strategic initiatives[80]. - The company is closely monitoring the development of the COVID-19 pandemic and its impact on the macroeconomic environment and policies[60]. - The company plans to sell or lease up to 28 properties with a total book value not exceeding 850 million RMB based on market prices[85]. Market Outlook - The company has outlined a future outlook projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[156]. - The company provided a future outlook, projecting a revenue growth of 8% for the next quarter, aiming for $4.63 billion[157]. - The company is investing in market expansion, targeting an increase in market share by 5% in the Asia-Pacific region[157]. - The company aims to achieve a net profit margin of 12% by the end of the next fiscal year, up from 10% in the current period[158]. Financial Support and Investments - The company has received financial support from its controlling shareholder, increasing the total amount from no more than RMB 500 million to no more than RMB 1 billion, with a borrowing period of 24 months[80]. - The company invested 2.1 million RMB in bank financial products using its own funds[92]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[50][55]. Corporate Governance - The company appointed a new chairman and financial director, with the new chairman being Han Gang[102]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[69]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[72]. Compliance and Reporting - The financial report for the half-year period was not audited[128]. - The company follows the enterprise accounting standards, ensuring that the financial reports accurately reflect the financial position and performance as of June 30, 2020[178]. - The company’s financial reports will now comply with the new revenue standards effective from January 1, 2020[99].