证券代码：002661 证券简称：克明食品 | --- | --- | --- | |-----------------------|----------------------------------|--------------------------------------------------------| | | | | | | █ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活动 | □ 新闻发布会 | □ 路演活动 | | 类别 | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | 参与单位名称及 | | 东亚前海证券崔晓雯、东亚前海证券陈琳、东亚前海证券王卓 | | 人员姓名 | | 亚、华商基金范一帆、锦泓资本陈洁成、尚近投资赵俊 | | 时间 2022 | 年 09 月 20 日 | | | 地点 电话交流 | | | | 上市公司接待人 员姓名 | 董事会秘书陈燕女士 | | | | 沟通与交流的主要情况 | : | | | 1 | 、公司七月份提价后终端有没有库存积压的情况？ | | | | 除大型促销 ...

1 证券代码：002661 证券简称：克明食品 陈克明食品股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | █ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活动 | □ 新闻发布会 | □ 路演活动 | | 类别 | □ 现场参观 | | | | □ | 其他（请文字说明其他活动内容） | | | | 西部证券熊鹏、黄欣培，博时基金高翼凡，泉汐投资顾芸芝， | | 参与单位名称及 人员姓名 | 家庆，诺安基金李新帜，华美国际齐全。 | 申万宏源证券资管赵明，华润置地 ...

证券代码：002661 证券简称：克明食品 陈克明食品股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002661 证券简称：克明食品 | --- | --- | --- | |-----------------------|--------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | █ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活动 | □ 新闻发布会 | □ 路演活动 | | 类别 | □ 现场参观 | | | | □ 其他（请文字说明其他活动内容） | | | | | 中金公司沈旸、武雨欣、曹筱、张驰、胡跃才，深圳尚诚资管 | | | 杜新正， HSZ | 杨毅，招商信诺钱旖昕，长安基金蔡沛恩，亚太 | | | | 财产保险董丽蒙、陈光，兴证全球基金郭沐鑫，兴业银行王毅 | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,166,053,222.88, representing a 13.30% increase year-over-year[6] - Net profit attributable to shareholders was ¥46,276,193.20, up 41.80% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥34,414,085.18, an increase of 44.88% year-over-year[6] - The company's basic earnings per share for the period was ¥0.144, a 45.45% increase compared to the same period last year[6] - Net profit for the third quarter of 2022 was CNY 127,415,162.11, representing a 68.3% increase from CNY 75,718,314.29 in the previous year[20] - The net profit attributable to the parent company's shareholders for Q3 2022 was ¥127,650,732.06, compared to ¥75,755,642.77 in Q3 2021, representing an increase of approximately 68.5%[21] - The total comprehensive income attributable to the parent company's owners for Q3 2022 was ¥127,868,078.49, up from ¥74,461,827.00 in the same period last year, indicating a growth of about 71.8%[21] - Basic and diluted earnings per share for Q3 2022 were both ¥0.397, compared to ¥0.229 in Q3 2021, reflecting an increase of approximately 73.7%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,418,705,498.71, reflecting a 13.91% increase from the end of the previous year[6] - Current assets totaled CNY 1,469,534,983.91 as of September 30, 2022, compared to CNY 1,174,710,102.22 at the beginning of the year, marking a growth of 25.1%[16] - Total liabilities increased to CNY 1,866,137,668.33 from CNY 1,292,896,603.64, reflecting a growth of 44.4%[17] - The company's total assets reached CNY 4,418,705,498.71, up from CNY 3,879,252,489.19, representing an increase of 13.9%[17] - The company's equity attributable to shareholders decreased slightly to CNY 2,552,066,327.06 from CNY 2,586,118,812.28, a decline of 1.3%[17] Cash Flow - Cash flow from operating activities showed a significant decline, with a net amount of ¥61,496,338.53, down 73.85% year-to-date[6] - Cash flow from operating activities for Q3 2022 was ¥61,496,338.53, a decrease of 73.9% from ¥235,155,763.40 in Q3 2021[23] - Cash inflow from operating activities for Q3 2022 was ¥3,934,140,244.56, compared to ¥3,363,245,104.11 in Q3 2021, marking an increase of about 16.9%[23] - The net cash flow from operating activities dropped by 73.85% to CNY 61,496,338.53, influenced by rising domestic wheat procurement costs[11] - The net cash flow from investing activities was CNY -421,569,988.72, a decrease of 45.33% due to higher cash payments for fixed and intangible assets[11] - Cash outflow from investing activities for Q3 2022 was ¥736,280,326.76, down from ¥883,186,447.78 in Q3 2021, indicating a decrease of approximately 16.6%[23] - The net cash flow from financing activities increased by 680.12% to CNY 451,925,918.86, primarily due to increased cash received from loans[11] - Cash inflow from financing activities for Q3 2022 was ¥1,413,546,614.57, compared to ¥739,180,262.03 in Q3 2021, representing an increase of about 91.1%[23] - The net cash flow from financing activities for Q3 2022 was ¥451,925,918.86, a significant improvement from a net outflow of ¥77,902,586.27 in Q3 2021[23] Operational Metrics - The operating cost for Q3 2022 was CNY 3,021,250,955.55, an increase of 15.93% compared to CNY 2,606,190,071.43 in the same period last year[11] - Total operating costs for the third quarter of 2022 were CNY 3,447,627,631.04, up from CNY 3,028,128,239.12, reflecting a year-over-year increase of 13.9%[20] - Research and development expenses for the third quarter were CNY 24,017,988.17, compared to CNY 21,237,588.65 in the previous year, showing an increase of 13.1%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,513[13] - The largest shareholder, Hunan Keming Food Group Co., Ltd., holds 27.24% of shares, amounting to 92,082,387 shares[13] - The company repurchased 15,621,319 shares, representing 4.62% of the total share capital by the end of the reporting period[14] Investment Activities - The company acquired a 40% stake in Anhui Yile Food Co., leading to a 162.38% increase in long-term equity investments[10] - Investment income decreased by 134.58%, resulting in a loss of CNY 178,548.13, attributed to reduced returns from bank wealth management products[11] - Asset impairment losses surged by 304.14% to CNY 3,266,749.11, mainly due to increased fixed asset impairment provisions[11] Inventory and Prepayments - The company reported a 66.84% increase in prepayments for raw material purchases, totaling ¥126,786,765.65[10] - Inventory increased by 31.57% to ¥743,732,256.87, primarily due to higher wheat storage[10] - Inventory increased to CNY 743,732,256.87 from CNY 565,288,839.82, indicating a rise of 31.5%[16] Borrowings and Financial Expenses - Short-term borrowings rose by 80.35% to ¥920,800,413.57, attributed to increased bank loans[10] - Financial expenses rose by 71.14% to CNY 21,312,581.13, primarily due to increased interest expenses from bank loans[11] Audit Information - The company did not undergo an audit for the Q3 2022 report[25]

证券代码：002661 证券简称：克明食品 公告编号：2022-073 陈克明食品股份有限公司 关于参加湖南辖区上市公司 2022 年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内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面了解公司情 况，切实提高公司透明度和治理水平。陈克明食品股份有限公司（以下简称"公 司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会与深 圳市全景网络有限公司联合举办的"湖南辖区上市公司2022年投资者网上接待日 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互 联网平台，采取网络远程的方式举行，投资者可以登录"全景·路演天下"网站 （http://rs.p5w.net）参与公司本次投资者集体接待日活动，活动时间为2022 年9月29日（星期四）下午15:30至17:00。 届时，公司董事会秘书陈燕女士及证券事务代表刘文佳女士将与投资者通过 网络在线交流形式就投资者关心的问题进行沟通与交流。 欢迎广大投资者积极参与！ 特此公告。 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,413,831,412.62, representing a 17.72% increase compared to CNY 2,050,560,524.21 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 81,374,538.86, an increase of 88.71% from CNY 43,120,614.41 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 73,178,659.01, showing a significant increase of 258.11% compared to CNY 20,434,846.97 in the previous year[19]. - The basic earnings per share rose to CNY 0.253, a 94.62% increase from CNY 0.130 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 4,299,607,900.23, reflecting a 10.84% increase from CNY 3,879,252,489.19 at the end of the previous year[19]. - The total liabilities amounted to CNY 1,811,206,026.73, an increase from CNY 1,214,389,971.47, indicating a growth of 49.2%[153]. - The company's total comprehensive income for the first half of 2022 was CNY 79,553,457.97, compared to CNY 41,437,953.22 in the same period of 2021, representing an increase of 91.9%[157]. Cash Flow and Investments - The net cash flow from operating activities was CNY 97,865,010.23, down 44.70% from CNY 176,971,717.76 in the same period last year[19]. - The company reported a net increase in cash and cash equivalents of ¥42,348,896.95, contrasting with a decrease of -¥103,764,326.12 in the same period last year[162]. - The net cash flow from investment activities was -¥324,084,183.23, worsening from -¥202,673,863.57 in the previous year[162]. - The company reported a procurement transaction amounting to 242.7 million yuan, representing 14.87% of similar transactions[109]. Research and Development - The company invested over ¥30 million annually in R&D over the past five years, resulting in more than 140 patents, including 34 national invention patents[31]. - The company’s R&D investment amounted to ¥16,454,745.51, reflecting a 9.97% increase from ¥14,963,439.45 in the previous year[50]. - Research and development expenses increased by 25% year-on-year, totaling 150 million yuan, focusing on new product innovations[100]. Market and Sales Performance - The company has maintained a strong brand presence in the high-end noodle market, leading with a significant market share[29]. - The company has expanded its sales network to cover over 3,000 distributors and more than 2,000 cities across 30 provinces[31]. - The revenue from noodle products was ¥1,486,486,503.86, reflecting a growth of 24.07% compared to the same period in 2021[41]. - The company launched new products such as black rye and buckwheat noodles targeting health-conscious consumers in the first half of 2022[35]. - The total sales for the first half of 2022 reached 7,205 million RMB, reflecting a growth of 21.99% compared to the same period last year[111]. Strategic Initiatives - The company plans to expand its market presence through strategic acquisitions and new product developments in the food processing sector[74]. - The company is investing 100 million RMB in technology upgrades to improve production efficiency, aiming for a 30% reduction in production costs[96]. - Future strategies include exploring international markets, with a goal to enter at least two new countries by 2023[96]. Risk Management - The management has highlighted potential risks and countermeasures in the report, urging investors to remain aware of the associated risks[3]. - The company faces market risks due to intensified competition in the noodle industry, with ongoing capacity expansion by major players[76]. - The company anticipates rising raw material costs, which may pressure profitability[77]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - A total of 4,924,218 shares are held by 20 core employees under the employee stock ownership plan, representing 1.46% of the company's total equity[88]. - The company has committed to a stock buyback plan, aiming to repurchase shares worth at least 30 million yuan within the next six months[100]. Compliance and Governance - The financial reports comply with the requirements of the Chinese Accounting Standards, reflecting the company's financial status accurately[185]. - The company has not faced any significant environmental issues or administrative penalties during the reporting period[92]. - The half-year financial report has not been audited, indicating a need for future review[104].

Financial Performance - The company's revenue for Q1 2022 was ¥1,097,774,370.11, a decrease of 0.61% compared to ¥1,104,484,096.87 in the same period last year[5] - Net profit attributable to shareholders was ¥60,471,106.60, down 29.11% from ¥85,306,561.02 year-on-year[5] - Basic earnings per share were ¥0.184, a decline of 28.68% from ¥0.258 in the same period last year[5] - Operating profit decreased to ¥65,383,450.72, down 30.93% from ¥94,642,173.78 in the previous period[21] - Net profit for the current period is ¥60,394,651.94, a decline of 29.25% compared to ¥85,306,561.02 in the previous period[22] Cash Flow - The net cash flow from operating activities decreased by 49.41% to ¥109,685,712.72, compared to ¥216,810,341.50 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥109,685,712.72, down 49.3% from ¥216,810,341.50 in the previous period[25] - Cash flow from investing activities resulted in a net outflow of ¥257,950,608.99, compared to a smaller outflow of ¥96,110,723.64 in the previous period[26] - Cash flow from financing activities generated a net inflow of ¥177,498,273.92, contrasting with a net outflow of ¥291,902,935.07 in the previous period[26] Assets and Liabilities - Total assets increased by 3.74% to ¥4,024,259,760.72 from ¥3,879,252,489.19 at the end of the previous year[5] - The company's current assets totaled RMB 1,189,811,911.15, compared to RMB 1,174,710,102.22 at the beginning of the year, indicating an increase of about 1.29%[16] - The total liabilities increased to RMB 1,408,462,766.76 from RMB 1,292,896,603.64, representing a rise of approximately 8.93%[18] - The company's cash and cash equivalents rose to RMB 306,922,302.45 from RMB 250,379,475.52, marking an increase of around 22.56%[16] - Inventory decreased significantly from RMB 565,288,839.82 to RMB 415,557,605.70, a reduction of approximately 26.5%[16] Investments - Long-term equity investments rose by 139.19% to ¥20,704,108.92, attributed to the acquisition of a 40% stake in Anhui Yile Company[9] - The long-term equity investments increased from RMB 8,656,050.41 to RMB 20,704,108.92, showing a growth of about 139.5%[17] Financial Expenses and Subsidies - The company experienced a 117.66% increase in financial expenses, totaling ¥4,722,525.35, primarily due to higher bank loan interest expenses[10] - The net cash flow from financing activities improved by 160.81% to ¥177,498,273.92, driven by increased borrowings[10] - The company received government subsidies amounting to ¥7,715,537.00, which were closely related to its normal business operations[7] Shareholder Equity - The total owner's equity rose to RMB 2,615,796,993.96 from RMB 2,586,355,885.55, indicating an increase of approximately 1.82%[18] - The company held 8,650,319 shares in its repurchase account, accounting for 2.57% of the total share capital at the end of the reporting period[15] Other Information - The first quarter report has not been audited[27] - Other comprehensive income after tax for the current period is -¥4,153,363.01, compared to -¥7,782.20 in the previous period[22]

Financial Performance - The company's operating revenue for 2021 was ¥4,326,648,256.72, representing a 9.32% increase compared to ¥3,957,752,136.32 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥67,467,934.17, a decrease of 76.95% from ¥292,756,152.96 in 2020[22]. - The net profit after deducting non-recurring gains and losses was ¥21,082,417.96, down 91.97% from ¥262,432,216.53 in 2020[22]. - The net cash flow from operating activities decreased by 13.82% to ¥354,097,563.01 from ¥410,895,890.03 in 2020[22]. - The basic earnings per share for 2021 was ¥0.204, a decline of 77.56% compared to ¥0.909 in 2020[22]. - The weighted average return on equity was 2.62%, down from 12.25% in 2020, indicating a significant decrease in profitability[22]. - The total revenue for 2021 was approximately CNY 2.71 billion, a decrease of 17.61% compared to CNY 3.29 billion in 2020[50]. - The gross profit margin for the direct sales model improved to 7.22% in 2021 from 5.12% in 2020, with direct sales revenue increasing by 141.68% to approximately CNY 1.62 billion[51]. - The gross profit margin for noodles decreased to 23.06% in 2021 from 27.59% in 2020, reflecting a decline in profitability due to increased raw material costs[52]. - The company's overall gross profit margin decreased to 20.95% in 2021 from 26.41% in 2020, primarily due to increased costs of raw materials[51]. Production and Sales - The company maintained its market leadership in the noodle sector, with a stable market share despite increased competition from other food sectors[34]. - The company has an annual production capacity of 700,000 tons of noodle products and can process 1.2 million tons of wheat annually[37]. - The sales volume of noodles decreased by 10.47% to 492,690.08 tons in 2021, while the production volume also fell by 10.24% to 495,738.23 tons[59]. - The sales volume of flour significantly increased by 83.24% to 245,476.91 tons, with production rising by 80.50% to 246,874.35 tons, attributed to the full production of Suiping Flour Company[59]. - The inventory of noodles rose by 27.70% to 14,052.19 tons, indicating a potential overstock situation[59]. - The inventory of flour increased by 33.65% to 5,550.17 tons, reflecting the growth in production and sales[59]. Research and Development - The company has invested over 30 million RMB in R&D annually over the past five years, resulting in over 140 patents, including 34 national invention patents[40]. - The company has established long-term R&D partnerships with several domestic universities, including Henan University of Technology[40]. - The company invested in R&D, collaborating with universities to enhance product safety and quality, and established a testing platform for various noodle products[66]. - R&D investment amounted to ¥28,467,593.56 in 2021, an increase of 3.90% compared to ¥27,400,192.17 in 2020[87]. - The number of R&D personnel increased to 95 in 2021, a rise of 1.06% from 94 in 2020[87]. Market Strategy and Innovation - The company is focusing on product innovation to meet the growing consumer demand for health and nutrition, particularly in the context of an aging population[34]. - New product launches in 2021 included hand-pulled noodles and various flavored flour products, enhancing the product portfolio[44][45]. - The company plans to develop new products, including short and long shelf-life noodles, to enhance market competitiveness and expand product offerings[85]. - The company aims to develop convenient foods and fresh staple foods targeting new economic consumers as part of its future growth strategy[112]. - The company will implement a digital strategy to improve operational efficiency and reduce costs[112]. Supply Chain and Procurement - The company has adopted a centralized procurement model to ensure supply and reduce costs, aligning with its annual operational plans[43]. - The price of wheat, a key raw material for production, increased from 2420 RMB/ton at the beginning of 2020 to 2900 RMB/ton by the end of 2021, representing a nearly 20% increase[42]. - The company's production cost structure indicates that flour accounts for approximately 80% of the production costs, making it sensitive to raw material price fluctuations[42]. - The company's total procurement for finished products and raw materials was approximately CNY 3.10 billion, with CNY 1.58 billion spent on wheat from farmers[57]. Corporate Governance - The company has established a robust investor relations management system to enhance communication and protect the interests of investors[124]. - The company’s governance structure aligns with the requirements set forth by the China Securities Regulatory Commission, with no significant discrepancies noted[129]. - The company has an independent financial department with a separate accounting system and management practices, ensuring financial autonomy[134]. - The company has actively revised its internal control systems in response to regulatory updates, continuously improving governance standards[124]. - The board of directors convened 10 meetings during the reporting period, adhering to legal and regulatory requirements, and effectively fulfilling their responsibilities[127]. Shareholder and Management Information - The company reported a total shareholding of 8,479,000 shares at the end of the reporting period, with an increase of 244,800 shares during the period[140]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.9085 million[175]. - The highest individual remuneration was received by the Vice General Manager Yang Bo, totaling CNY 444,500[175]. - The company emphasizes performance-based remuneration to align the interests of management with those of shareholders[171]. - The company has maintained a stable board composition with no new appointments during the reporting period[139]. Risks and Challenges - The company faces market risks due to increasing competition and potential challenges from strong cross-industry competitors[120]. - The company is exposed to food safety risks that could arise from unforeseen circumstances, potentially impacting its reputation and sales[120]. - Rising costs of raw materials and labor due to the COVID-19 pandemic and other factors may pressure the company's profitability[120].

Financial Performance - The company's revenue for Q3 2021 was ¥1,029,161,527.34, representing a 5.23% increase compared to the same period last year[2] - Net profit attributable to shareholders decreased by 50.57% to ¥32,635,028.36 in Q3 2021, and by 73.75% to ¥75,755,642.77 for the year-to-date[2] - The basic earnings per share (EPS) for Q3 2021 was ¥0.099, down 51.47% year-over-year, and year-to-date EPS was ¥0.229, down 74.56%[2] - Net profit for the period was CNY 75,718,314.29, a decrease of 73.7% from CNY 288,593,176.49 in the same period last year[18] - Basic earnings per share decreased to CNY 0.229 from CNY 0.900, indicating a decline of 74.7%[19] - The company reported a total profit of CNY 84,307,885.80, down from CNY 360,405,406.06, reflecting a decline of 76.6%[18] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,801,742,080.17, a decrease of 1.31% from the end of the previous year[2] - As of September 30, 2021, the total assets of Chen Ke Ming Food Co., Ltd. amounted to CNY 3,801,742,080.17, a slight decrease from CNY 3,852,125,064.31 at the end of 2020[14] - The company's current assets decreased to CNY 1,118,959,901.04 from CNY 1,415,357,953.24, representing a decline of approximately 21%[14] - Total liabilities amounted to CNY 1,244,621,330.09, a decrease from CNY 1,285,920,414.01[16] - The total liabilities of the company were not explicitly stated, but current liabilities included accounts payable of CNY 131,608,758.69, which increased from CNY 116,829,346.68, showing a rise of about 12.6%[14] Cash Flow - The company reported a net cash flow from operating activities of ¥235,155,763.40, which is a decrease of 16.13% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2021 was ¥235,155,763.40, a decrease of 16.1% compared to ¥280,369,114.77 in Q3 2020[22] - The total cash inflow from investment activities was ¥593,115,372.26, down 30.9% from ¥858,355,677.97 in the previous year[22] - The net cash flow from investment activities was -¥290,071,075.52, compared to -¥65,320,258.16 in Q3 2020, indicating a significant decline[22] - The cash inflow from financing activities totaled ¥739,180,262.03, a decrease of 19.5% from ¥917,951,451.37 in the same quarter last year[22] - The net cash flow from financing activities was -¥77,902,586.27, improving from -¥172,053,454.55 in Q3 2020[22] - The total cash and cash equivalents at the end of Q3 2021 were ¥124,313,330.90, down from ¥169,599,515.49 at the end of Q3 2020[22] Operating Costs and Expenses - The company’s operating costs increased by 18.07% to ¥2,606,190,071.43 for the year-to-date[7] - Total operating costs amounted to CNY 3,028,128,239.12, up from CNY 2,562,193,992.30, reflecting a year-over-year increase of 18.2%[16] - The company’s management expenses rose by 38.06% to ¥113,933,187.46, attributed to optimizing production capacity[7] - Research and development expenses increased to CNY 21,237,588.65, compared to CNY 17,060,008.77, marking a rise of 24.4%[16] Investments - The company made a long-term equity investment of ¥8,302,732.54 in Henan Yuangu Food Management Co., acquiring a 24% stake[6] - The company has ongoing investments in fixed assets, with a reported value of CNY 1,894,792,577.94, slightly up from CNY 1,864,715,809.46[14] Other Income and Subsidies - The company received government subsidies totaling ¥9,837,839.64 in Q3 2021, contributing to a 141.45% increase in other income[7] Shareholder Information - The company held 6,155,719 shares in its repurchase account, representing 1.83% of the total share capital as of the report date[11] - The company is controlled by Hunan Ke Ming Food Group Co., Ltd., with Chen Ke Ming as the actual controller[11] Audit and Standards - The company did not undergo an audit for the Q3 report[23] - The company adopted new leasing standards starting in 2021, but it did not apply to the current financial statements[23]