编号：2022-007 证券代码：002723 证券简称：金莱特 广东金莱特电器股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------------|----------------------------------------|----------------------------------------------------| | | | | | | 特定对象调研 | □分析师会议 | | 投资者关系活动类别 | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 □其他 | | | | 海通证券家电行业分析师 | 李阳 | | 参与单位名称 | 海通证券轻工行业分析师 | 王文杰 | | 时间 | 2022 年 6 月 15 | 日 15:00-16:00 | | 地点/方式 | 线上会议 | | | 上市公司接待人员名单 | | 董事会秘书梁惠玲、投资总监全叡、证券事务代表胡昕 | | | | 董事会秘书梁惠玲对公司主要业务做了简要介绍： | | | 金莱特多年坚持自主创新，产品远销海内外 | 10 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥486,848,913.59, representing a year-on-year increase of 44.48%[6] - Net profit attributable to shareholders was ¥11,002,663.94, a significant increase of 1,096.51% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥10,119,326.36, up 9,110.95% year-on-year[6] - The net profit for the year-to-date period was ¥14,901,241.79, reflecting a growth of 108.09% year-on-year[6] - Net profit for the current period was ¥14,858,326.59, significantly higher than ¥6,924,609.86 in the previous period, marking a growth of 114.0%[20] - The company reported a total comprehensive income of ¥14,045,800.88, compared to ¥6,852,358.51 in the previous period, indicating an increase of 104.0%[20] Earnings and Shares - The company's basic earnings per share for the period was ¥0.0346, an increase of 1,093.10% year-on-year[6] - Basic and diluted earnings per share increased to ¥0.0469 from ¥0.0318, representing a rise of 47.5%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,451,108,075.46, reflecting an increase of 11.83% from the end of the previous year[6] - As of September 30, 2022, the total assets of Guangdong Xiaosong Technology Co., Ltd. amounted to CNY 2,451,108,075.46, an increase from CNY 2,191,784,025.08 at the beginning of the year, reflecting a growth of approximately 11.85%[15] - The company's current assets totaled CNY 1,578,672,762.63, compared to CNY 1,518,319,670.10 at the start of the year, indicating an increase of about 3.67%[15] - The total liabilities reached CNY 1,201,976,309.41, up from CNY 969,655,447.94 at the beginning of the year, representing a rise of approximately 23.94%[16] - The total equity attributable to the parent company was CNY 1,249,021,505.42, an increase from CNY 1,221,734,011.34, showing a growth of approximately 2.23%[16] Cash Flow and Financial Activities - Cash flow from operating activities showed a net outflow of ¥67,978,213.69, a decrease of 31.54% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of ¥67,978,213.69, compared to a net outflow of ¥51,678,957.95 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥293,351,610.40, down from ¥494,745,728.07 at the beginning of the period[23] - The company received cash inflows from financing activities totaling ¥395,650,698.38, up from ¥305,600,047.85 in the previous period[22] - The company received government subsidies totaling ¥1,066,369.17 during the reporting period, contributing to its financial performance[7] Operational Metrics - The company reported a significant increase in contract assets by 147.89%, amounting to ¥391,425,941.24, due to increased business in the engineering construction sector[9] - Financial expenses increased by 63.71% to ¥9,309,481.30, primarily due to a larger financing scale compared to the previous year[10] - The company's cash and cash equivalents decreased to CNY 308,486,175.05 from CNY 494,745,728.07, a decline of about 37.69%[15] - Accounts receivable fell to CNY 245,800,039.69 from CNY 414,042,060.43, a decrease of approximately 40.67%[15] - The company's inventory stood at CNY 184,518,679.50, down from CNY 193,928,551.08, reflecting a decrease of about 4.29%[15] - The company reported a short-term loan of CNY 346,900,187.14, which increased from CNY 251,631,867.56, indicating a rise of about 37.83%[16] - The contract liabilities increased to CNY 29,669,625.24 from CNY 21,495,169.67, representing a growth of approximately 38.16%[16] - The company’s total non-current assets amounted to CNY 872,435,312.83, up from CNY 673,464,354.98, reflecting an increase of about 29.54%[15] Research and Development - Research and development expenses increased to ¥38,592,757.99 from ¥31,989,437.17, reflecting a growth of 20.7%[19] Reporting and Compliance - The third quarter report has not been audited[24] - The board of directors of Guangdong Xiaosong Technology Co., Ltd. issued the report on October 31, 2022[25] - The document indicates a focus on financial transparency and compliance with reporting standards[26]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥659.56 million, a decrease of 2.89% compared to ¥679.20 million in the same period last year[22]. - The net profit attributable to shareholders was approximately ¥3.90 million, down 37.54% from ¥6.24 million year-on-year[22]. - Basic and diluted earnings per share decreased by 60.32% to ¥0.0123 from ¥0.0310 in the same period last year[22]. - The company's total revenue for the reporting period was ¥659,559,684.65, representing a decrease of 2.89% compared to ¥679,203,757.99 in the same period last year[60]. - The revenue from the small household appliances segment was ¥348,802,012.69, accounting for 52.88% of total revenue, down 15.61% year-on-year[62]. - The engineering construction business revenue increased by 16.88% to ¥310,757,671.96, representing 47.12% of total revenue[62]. - The company reported a net profit of 5,408,496 CNY from its subsidiary Guangdong Jinlaite Intelligent Technology Co., Ltd. for the reporting period[83]. - The company reported a total revenue of 81,400 million CNY for the first half of 2022, reflecting a growth of 9.84% compared to the previous period[112]. - The company reported a total of 56,089 million yuan in sales revenue from the new city project, showcasing its successful market expansion efforts[129]. - The company reported a net profit of approximately 61.610 million yuan for the first half of 2022, which is a 3.4% increase compared to the same period last year[185]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at approximately ¥14.26 million, a significant improvement of 99.90% compared to a negative cash flow of ¥13.78 million in the previous year[22]. - The company experienced a substantial increase in net cash and cash equivalents, with a net outflow of ¥178,654,435.15, a 449.79% increase compared to the previous year[60]. - Cash and cash equivalents decreased to ¥355.22 million, representing 15.68% of total assets, down from 22.57% last year, a decrease of 6.89%[69]. - The net cash flow from operating activities improved significantly, with a net outflow of only ¥14,262.72 compared to a net outflow of ¥13,784,102.57 in the previous year[60]. - The net cash flow from investing activities was -197,464,614.86, worsening from -125,502,711.20 in the previous year, indicating increased investment outflows[176]. - The total cash inflow from financing activities was 206,560,485.47, slightly down from 230,266,284.74 in the previous year[176]. - The total owner's equity attributable to the parent company was 317,693,162.45 CNY, compared to 418,852,754.70 CNY at the end of the previous period, indicating a decrease of approximately 24.2%[180]. - The total comprehensive income for the period was 438,250,000.00 CNY, reflecting a decrease of 10% compared to the previous period[181]. - The total assets at the end of the reporting period were reported at 4,541 million yuan, reflecting a healthy balance sheet[189]. - The company's total equity at the end of the reporting period was 1,178 million yuan, with an increase of 438 million yuan during the current period[188]. Market and Business Operations - The small home appliance segment was negatively impacted by the COVID-19 pandemic during the reporting period[4]. - The company has outlined various risk factors affecting its operations, including policy, market, raw material supply, and exchange rate risks[4]. - The company launched a series of new products, including environmental appliances, disinfection appliances, and personal care appliances, to meet market demand[30]. - The company is focusing on expanding its small household appliance product categories to address user pain points and enhance competitiveness[43]. - The company is actively pursuing electronic cigarette business and has applied for production licenses for its subsidiaries, with one subsidiary already obtaining the necessary license[87]. - The company aims to enhance its brand operation and increase market share through innovative marketing and new sales channels[43]. - The company has established a sales network covering over 120 countries and regions globally, adapting sales strategies to different market conditions[42]. - The company is focusing on technological advancements and innovation to drive future growth[1]. - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed during the call[162]. - The company is focusing on improving operational efficiency to enhance profitability margins in the coming periods[185]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company held two temporary shareholder meetings in 2022, with investor participation rates of 28.57% and 30.41% respectively[90]. - The annual shareholder meeting in April 2022 had a participation rate of 30.31%[90]. - A total of 2,832,200 restricted shares were released from restrictions on April 8, 2022, with 1,940,400 shares available for trading[93]. - The company approved the exercise of 632,800 stock options for 26 eligible participants as part of its incentive plan[94]. - The company emphasizes its commitment to social responsibility, focusing on creating value for stakeholders while ensuring timely communication and maintaining trust[100]. - The company has established a comprehensive safety management system, resulting in no major safety incidents during the reporting period[101]. - The company has no significant litigation or arbitration matters during the reporting period, ensuring a stable legal environment for operations[108]. - The company has not engaged in any violations regarding external guarantees, maintaining compliance with regulations[105]. - The company has not reported any violations in the procedures for providing guarantees[126]. Research and Development - Research and development investment slightly decreased by 3.26% to ¥19,087,323.64, reflecting ongoing commitment to innovation[60]. - The R&D expenses for the first half of 2022 were approximately 76.939 million yuan, representing a 2.7% increase compared to the previous year[185]. - The company holds 1 invention patent and 10 utility model patents, along with 8 construction contracting qualifications, and has been recognized as a national high-tech enterprise[49]. - The company has 671 patents, including 35 invention patents, positioning it as one of the industry leaders in terms of patent ownership[53]. Economic and Industry Context - In the first half of 2022, the domestic GDP was 56.26 trillion yuan, with a year-on-year growth of 2.5%[45]. - The total export value of household appliances in China from January to June 2022 was 283.3 billion yuan, a year-on-year decline of 8.2%[32]. - The domestic household appliance market sales scale in the first half of 2022 was 360.9 billion yuan, down 11.2% year-on-year[32]. - The construction engineering sector is expected to benefit from government investment and macroeconomic policies, with infrastructure investment growing by 7.1% in the first half of 2022[45]. - The construction industry is expected to maintain growth momentum due to the implementation of the "14th Five-Year Plan" and key investment projects[46].

Financial Performance - The company's revenue for Q1 2022 was CNY 315,225,891.13, representing a 13.05% increase compared to CNY 278,841,886.38 in the same period last year[5] - Net profit attributable to shareholders increased by 67.34% to CNY 2,318,267.06 from CNY 1,385,339.71 year-on-year[5] - The net profit after deducting non-recurring gains and losses surged by 190.49% to CNY 1,935,323.16 compared to CNY 666,236.20 in the previous year[5] - The company experienced a 67.34% increase in total comprehensive income, reaching CNY 826,158.70, driven by the rise in net profit[9] - The net profit for the first quarter of 2022 was RMB 3,905,565.84, compared to RMB 3,125,619.36 in the previous year, indicating a growth of 25.0%[18] - The net profit for Q1 2022 was CNY 2,073,010.99, an increase from CNY 1,337,149.81 in the same period last year, representing a growth of approximately 55%[19] - The total comprehensive income attributable to the parent company was CNY 2,299,942.66, compared to CNY 1,276,717.79 in Q1 2021, marking an increase of about 80%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -83,520,579.51, a significant decrease of 1,831.55% from CNY 4,823,455.47 in the same period last year[10] - Operating cash flow for Q1 2022 showed a net outflow of CNY -83,520,579.51, a decline from a net inflow of CNY 4,823,455.47 in the previous year[23] - Cash and cash equivalents at the end of Q1 2022 were CNY 391,710,380.63, down from CNY 73,340,007.79 at the end of Q1 2021[23] - Cash and cash equivalents at the end of the first quarter were RMB 397,790,388.15, down from RMB 494,745,728.07 at the beginning of the year, representing a decrease of 19.6%[14] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,194,768,746.92, a slight increase of 0.14% from CNY 2,191,784,025.08 at the end of the previous year[5] - The total assets as of March 31, 2022, were RMB 2,194,768,746.92, slightly up from RMB 2,191,784,025.08 at the beginning of the year[16] - The total liabilities increased to RMB 970,283,587.19 from RMB 969,655,447.94, a marginal increase of 0.1%[16] - The company's equity attributable to shareholders rose to RMB 1,224,335,850.01 from RMB 1,221,734,011.34, reflecting a growth of 0.2%[16] Operating Performance - The total operating revenue for the first quarter of 2022 was RMB 315,225,891.13, an increase of 13.0% compared to RMB 278,841,886.38 in the same period last year[18] - The total operating costs for the first quarter of 2022 were RMB 312,585,705.46, up from RMB 275,717,564.76, reflecting a year-over-year increase of 13.3%[18] - The company incurred operating expenses of CNY 414,677,585.32 in Q1 2022, which is significantly higher than CNY 272,238,786.47 in the previous year[23] - Total revenue from sales of goods and services received was CNY 312,226,701.91, compared to CNY 256,039,133.73 in Q1 2021, reflecting an increase of approximately 22%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,548[11] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0073, slightly up from CNY 0.0072 in the same quarter last year[20] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY -96,060,025.80, compared to CNY -82,886,118.79 in Q1 2021, indicating increased investment spending[23] - Financing activities generated a net cash inflow of CNY 82,347,072.84, up from CNY 40,858,140.13 in the same quarter last year, showing improved financing efforts[23] Other Financial Metrics - The weighted average return on equity decreased to 0.19% from 0.22% year-on-year[5] - Financial expenses rose by 288.41% to CNY 8,737,654.09 due to increased borrowings and discounted notes receivable[9] - Research and development expenses for the first quarter were RMB 7,185,775.35, compared to RMB 6,557,659.16 in the previous year, marking an increase of 9.5%[18] - Accounts receivable decreased to RMB 277,547,713.15 from RMB 414,042,060.43, a reduction of 33.0%[14] - Inventory levels decreased to RMB 170,844,679.47 from RMB 193,928,551.08, showing a decline of 11.9%[15] - The company reported a decrease in other comprehensive income, with a net amount of CNY -18,324.40 for Q1 2022, compared to CNY -108,621.92 in the previous year[19] - The company reported a significant increase in contract assets by 49.26%, amounting to CNY 130,388,345.80, attributed to increased construction activities[9]

Financial Performance - The company reported a negative impact on its small home appliance business due to the COVID-19 pandemic, rising raw material prices, and complex international situations, affecting revenue, costs, and net profit[7]. - The company's operating revenue for 2021 was ¥1,320,523,787.96, representing a 21.24% increase compared to ¥1,089,212,931.35 in 2020[24]. - The net profit attributable to shareholders decreased by 30.67% to ¥17,990,110.00 in 2021 from ¥25,949,264.46 in 2020[24]. - The net profit after deducting non-recurring gains and losses surged by 547.15% to ¥12,691,406.46 in 2021 from ¥1,961,131.90 in 2020[24]. - Basic earnings per share fell by 50.59% to ¥0.0668 in 2021 from ¥0.1352 in 2020[25]. - The company reported a gross profit margin of 25.3% for 2021, which is a decrease from 27.1% in 2020[74]. - The company reported a net profit margin of 12% for 2021, up from 10% in 2020, indicating improved operational efficiency[198]. Cash Flow and Financing - The net cash flow from operating activities was negative at -¥88,255,487.90 in 2021, a decline of 246.62% compared to ¥60,193,864.25 in 2020[25]. - Operating cash inflow totaled ¥1,280,067,817.35, a 26.17% increase from ¥1,014,587,225.68 in 2020, while cash outflow rose by 43.37% to ¥1,368,323,305.25[84]. - Net cash flow from financing activities surged by 1,332.12% to ¥680,637,594.44, driven by funds raised from a private placement of A-shares[85]. - Cash and cash equivalents increased by 962.07% to ¥385,610,667.67, largely due to higher financing cash flow[85]. - The company has a bank loan balance of 120 million yuan and a supply chain financing balance of 60 million yuan, totaling 180 million yuan[50]. Shareholder and Ownership Structure - The controlling shareholder, Huaxin Chuangli, holds 24.69% of the company's total shares as of the end of the reporting period[23]. - The total shares held by the board members at the end of the reporting period amounted to 12,589,748 shares, reflecting a net increase of 1,170,248 shares during the period[132]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no instances of fund occupation or guarantees provided to the controlling shareholder[127]. - The company has a structured plan for salary adjustments based on changes in the operating environment[143]. Research and Development - R&D expenses for the small appliance business amounted to CNY 23.91 million, an increase of 11% year-on-year[43]. - Research and development expenses increased by 26.71% to 42,554,604.82 CNY, reflecting the company's commitment to health-oriented home appliances[81]. - The company has committed to investing 100 million RMB in research and development for new technologies over the next three years[196]. Market and Product Development - The global small appliance market is projected to reach $144.6 billion by 2023, with a CAGR of 8.0% from 2018 to 2023[35]. - The average compound growth rate of China's small appliance retail sales is expected to be 11.6% from 2018 to 2023, reaching $40.9 billion by 2023[36]. - The small home appliance business achieved sales revenue of 731 million yuan in 2021, representing a year-on-year growth of 3.25%[47]. - New product lines, including pet appliances and personal care products, are expected to be launched in 2022, targeting health and environmental trends[114]. - The company has launched new products including air purifiers and disinfecting devices, aimed at expanding its product categories[82]. Strategic Initiatives and Future Outlook - The company plans to enhance its overseas market presence in line with the "Belt and Road" initiative, focusing on infrastructure improvements and consumer demand[114]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[196]. - The company plans to expand its market presence by entering three new provinces in 2022, aiming to increase market share by 5%[198]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase overall sales by 15%[196]. Risks and Challenges - The company faces risks from declining international market demand due to geopolitical tensions and trade protectionism, which could impact sales revenue[118]. - Fluctuations in raw material prices, particularly for plastics and electronic components, pose a risk to the company's operating performance[119]. - Rising labor costs and macroeconomic policy changes are additional risks that could affect the company's profitability and operational strategies[119]. Corporate Governance and Management - The company has established a transparent performance evaluation and incentive mechanism for directors and senior management, implementing a restricted stock incentive plan to enhance core personnel motivation[125]. - The company’s management team has been stable, with no resignations or dismissals reported during the period[132]. - The board of directors held a total of 27 meetings during the reporting period, with all members attending the required sessions[147]. - The company emphasizes equal development opportunities and career advancement for its employees[189]. Social Responsibility and Compliance - The company has committed to social responsibility by engaging in environmental protection and community welfare activities[188]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[187]. - The company emphasizes the protection of shareholder rights, ensuring fair and timely information disclosure[188].

Financial Performance - The company's revenue for Q3 2021 was ¥336,955,898.11, a decrease of 0.16% compared to the same period last year, while year-to-date revenue increased by 37.46% to ¥1,016,159,656.10[6] - Net profit attributable to shareholders for Q3 2021 was ¥919,563.34, down 89.02% year-on-year, and year-to-date net profit decreased by 63.74% to ¥7,161,115.80[6] - The basic earnings per share for Q3 2021 was ¥0.0029, a decline of 93.38% compared to the same period last year, with year-to-date earnings per share down 69.25% to ¥0.0318[6] - Total operating revenue for the third quarter reached CNY 1,016,159,656.10, an increase of 37.5% compared to CNY 739,245,189.44 in the same period last year[26] - Net profit for the quarter was CNY 6,924,609.86, a decrease of 65.0% from CNY 19,748,392.65 in the previous year[27] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥1,649,155,043.61, reflecting a 10.71% increase from the end of the previous year[6] - The company's total assets reached CNY 1,649,155,043.61, up from CNY 1,489,562,236.44, indicating a growth of 10.7%[24] - Total liabilities increased to CNY 1,003,146,917.40, compared to CNY 851,626,395.51, reflecting a rise of 17.8%[24] - The company reported a total current assets of 1,025,402,758.60 RMB as of September 30, 2021, an increase from 904,294,017.97 RMB at the end of 2020[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,712[15] - The largest shareholder, Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd., holds 29.09% of shares, totaling 78,387,862 shares, which are pledged and frozen[15] - The top ten shareholders include several individuals with significant stakes, collectively holding approximately 25% of the company's shares[16] Cash Flow - Cash flow from operating activities for the period was CNY 845,753,422.29, compared to CNY 719,392,698.77 in the previous year, representing a growth of 17.6%[30] - Operating cash inflow totaled CNY 983,216,367.16, an increase from CNY 773,473,549.58 in the previous year, reflecting a growth of approximately 27%[31] - Operating cash outflow amounted to CNY 1,034,895,325.11, compared to CNY 714,587,655.09 last year, resulting in a net cash flow from operating activities of -CNY 51,678,957.95, down from CNY 58,885,894.49[31] - The net increase in cash and cash equivalents was -CNY 53,015,488.63, compared to -CNY 2,447,381.40 in the previous year[32] - The ending balance of cash and cash equivalents was CNY 57,119,571.77, down from CNY 70,380,213.81 last year[32] Expenses and Costs - Research and development expenses increased by 44.53% to ¥9,855,713.30, driven by expanded investment in health appliance categories[13] - Total operating costs amounted to CNY 1,006,397,649.15, up from CNY 733,958,296.59, reflecting a year-over-year increase of 37.0%[26] - The overall gross profit margin decreased due to rising raw material and labor costs, impacting the company's profitability[13] Government Support - The company received government subsidies totaling ¥3,111,925.20, primarily from local government tax rebates[9] - The comprehensive loss for Q3 2021 was ¥13,449,169.07, a decrease of 66.25% compared to the previous year, largely due to reduced government subsidies and increased operational costs[13] Investments - The company has a long-term equity investment of 75,044,536.14 RMB, up from 20,038,652.36 RMB at the end of 2020[22] - The company received a total of 4,095 million RMB from the equity transfer agreement, with 1,005 million RMB still outstanding[19] - The company plans to complete the payment of the remaining equity transfer amount by November 30, 2021[20] Regulatory and Reporting - The company is undergoing a non-public offering of shares, approved by the China Securities Regulatory Commission, with a validity period of 12 months[17] - The company did not undergo an audit for the third quarter report[33] - The report was released on October 29, 2021[34]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥679,203,757.99, representing a 69.06% increase compared to ¥401,742,131.93 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 45.14% to ¥6,241,552.46 from ¥11,377,033.53 year-on-year[21]. - The net profit after deducting non-recurring gains and losses increased by 292.47% to ¥3,866,857.85 compared to ¥985,266.88 in the previous year[21]. - The net cash flow from operating activities was negative at ¥-13,784,102.57, a decline of 148.40% from ¥28,477,923.45 in the same period last year[21]. - Total assets at the end of the reporting period were ¥1,711,461,855.34, an increase of 14.90% from ¥1,489,562,236.44 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 0.56% to ¥641,193,262.67 from ¥637,651,169.64 at the end of the previous year[21]. - The basic earnings per share decreased by 47.99% to ¥0.0310 from ¥0.0596 in the previous year[21]. - The diluted earnings per share also decreased by 47.90% to ¥0.0310 from ¥0.0595 year-on-year[21]. - The weighted average return on net assets was 0.96%, down from 1.86% in the previous year, a decrease of 0.90%[21]. - The company's cash and cash equivalents decreased to ¥81,472,127.62, down 2.79% from ¥115,677,882.70 at the end of the previous year[53]. Revenue Breakdown - The company's small home appliance business generated revenue of ¥184,054,935.37 from rechargeable emergency lighting, accounting for 27.10% of total revenue, and ¥183,929,618.83 from rechargeable DC/AC fans, accounting for 27.08% of total revenue[30]. - The engineering construction business achieved revenue of ¥265,871,222.59, representing 39.14% of total revenue, with a year-on-year growth of 345.09%[34]. - The small household appliances segment generated ¥410,843,200.00, accounting for 60.49% of total revenue, with a year-on-year growth of 21.77%[49]. - Engineering construction business revenue surged to ¥265,871,222.59, representing a 345.09% increase from ¥59,734,036.69 in the previous year[49]. Investment and R&D - The company invested ¥11,360,114.48 in R&D for home appliances, a year-on-year increase of 27.16%, and applied for 17 patents during the reporting period[32]. - Research and development investment rose by 85.86% to ¥19,730,889.20, reflecting increased focus on expanding the health appliance product line[46]. - The company has developed over 60 new products annually, with a total of 646 patents, including 35 invention patents, making it one of the industry leaders in patent ownership[39]. - The company has a strong patent portfolio with 10 patents granted, including 5 utility model patents and 5 design patents[32]. Market Strategy and Expansion - The company aims to become a leading small home appliance enterprise both domestically and internationally, leveraging the growing demand for health appliances and the "stay-at-home economy" trend[33]. - The company is focusing on expanding its health appliance product line, with air purifiers being a key product launched in the market[30]. - The company has developed a unique ODM sales model that combines self-owned brands and ODM, enhancing market research and product design capabilities[30]. - The company plans to leverage its dual-wheel development strategy, focusing on both health appliances and construction engineering, to enhance overall competitiveness[44]. - Future business expansion will focus on municipal public works, water conservancy, and environmental projects, capitalizing on new infrastructure support policies[44]. Financial Risks and Challenges - The company faces operational risks in the small appliance sector due to market competition and rising labor costs[68]. - The company is exposed to market risks from overseas clients in underdeveloped regions, which may affect market share[68]. - The company has a significant foreign exchange risk due to its main business being concentrated in overseas markets[69]. - The actual controller's shares are fully pledged for a loan, posing a risk of control change for the company[71]. Corporate Governance and Compliance - The company held three shareholder meetings during the reporting period, with participation rates of 34.87%, 37.90%, and 38.18% respectively[75]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[76]. - The company has not been subject to any administrative penalties due to environmental issues during the reporting period[82]. - The company reported no significant litigation or arbitration matters during the reporting period[92]. Shareholder Information - The company approved a cash dividend of 0.18 CNY per 10 shares, totaling 3,463,272 CNY for the year 2020[125]. - The total number of shares increased from 192,158,000 to 192,404,000 due to stock option exercises[125]. - The largest shareholder, Shenzhen Huaxin Chuangli, holds 29.10% of the shares, totaling 78,387,962 shares[131]. - The company reported a total of 15,251,673 shares held by directors and senior management, with a net increase of 4,503,621 shares during the reporting period[133]. Financial Reporting and Audit - The half-year financial report has not been audited[89]. - The financial report for the first half of 2021 was not audited, which may impact the reliability of the financial data presented[142]. - The company’s financial reports reflect its financial position as of June 30, 2021, and its operating results for the first half of the year[182]. Future Outlook - Future performance guidance remains optimistic, with expectations for continued revenue growth in the upcoming quarters[97]. - The company plans to continue focusing on market expansion and product development to drive future growth[97]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[171].

Financial Performance - The company's revenue for Q1 2021 was CNY 278,841,886.38, representing a 112.47% increase compared to CNY 131,239,126.95 in the same period last year[10] - Net profit attributable to shareholders was CNY 1,385,339.71, a significant turnaround from a loss of CNY 6,154,012.93 in the previous year, marking a 122.51% increase[10] - The net profit after deducting non-recurring gains and losses was CNY 666,236.20, up 115.11% from a loss of CNY 4,409,375.32 in the same period last year[10] - The company's basic earnings per share improved to CNY 0.0072 from a loss of CNY 0.0321, reflecting a 122.43% increase[10] - The company's operating revenue reached ¥147,602,759.43, representing a year-on-year increase of 112.47% due to improved business conditions following the control of the domestic pandemic[19] - Net profit for the period was ¥7,491,162.74, an increase of 121.73% year-on-year, although profit growth was limited by rising operating costs[20] - The total profit reached ¥10,181,446.55, marking a year-on-year increase of 148.03%[20] - Total operating revenue for the current period reached ¥278,841,886.38, a significant increase from ¥131,239,126.95 in the previous period, representing a growth of approximately 112.5%[44] - The company reported an operating profit of ¥3,125,619.36, a turnaround from an operating loss of ¥6,927,618.30 in the previous period[46] - Net profit for the current period was ¥1,337,149.81, compared to a net loss of ¥6,154,012.93 in the prior period, marking a substantial recovery[46] - The total comprehensive income for the current period was ¥1,228,527.89, a significant recovery from a comprehensive loss of ¥6,244,617.68 in the previous period[47] Cash Flow - The net cash flow from operating activities was CNY 4,823,455.47, down 57.61% from CNY 11,379,019.97 in the previous year[10] - The net cash flow from operating activities decreased by ¥6,555,564.50, a decline of 57.61% compared to the previous year, due to increased cash expenditures related to raw material procurement[21] - The company's cash flow from operating activities was ¥256,039,133.73, compared to ¥186,533,899.77 in the previous period, indicating improved cash generation[53] - The net cash flow from operating activities for Q1 2021 was ¥4,823,455.47, a decrease of 57.6% compared to ¥11,379,019.97 in Q1 2020[54] - Total cash inflow from operating activities was ¥277,062,241.94, up from ¥221,781,993.03 in the previous year, indicating a growth of 24.9%[54] - Cash outflow for purchasing goods and services increased to ¥195,900,737.34 from ¥153,543,723.80, reflecting a rise of 27.6%[54] - The net cash flow from investing activities was -¥82,886,118.79, significantly worse than -¥7,225,307.15 in the same period last year[55] - The net cash flow from financing activities increased by ¥50,165,319.61, a rise of 539.00%, primarily due to increased borrowings[21] - Cash inflow from financing activities totaled ¥98,842,524.74, compared to ¥22,840,000.00 in Q1 2020, marking a substantial increase of 332.5%[55] - The net cash flow from financing activities was ¥40,858,140.13, a recovery from -¥9,307,179.48 in the previous year[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,533,227,790.16, a 2.93% increase from CNY 1,489,562,236.44 at the end of the previous year[10] - Current assets totaled CNY 906,386,403.69, slightly up from CNY 904,294,017.97, indicating a marginal increase of 0.2%[36] - The company's cash and cash equivalents decreased to CNY 76,879,305.21 from CNY 115,677,882.70, representing a decline of about 33.5%[36] - Accounts receivable rose to CNY 366,915,032.26 from CNY 314,291,060.42, marking an increase of approximately 16.7%[36] - Total liabilities increased to CNY 893,278,643.12 from CNY 851,626,395.51, which is an increase of about 4.9%[38] - The company's equity attributable to shareholders reached CNY 639,659,373.26, up from CNY 637,651,169.64, reflecting a growth of approximately 0.3%[39] - Long-term investments surged to CNY 68,043,831.25 from CNY 20,038,652.36, indicating a significant increase of about 239.5%[37] - The total current liabilities amounted to CNY 810,058,468.12, down from CNY 847,588,904.01, showing a decrease of approximately 4.4%[38] - The total non-current liabilities rose to CNY 83,220,175.00 from CNY 4,037,491.50, reflecting a substantial increase of approximately 1,060.5%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,332[14] - The largest shareholder, Shenzhen Huaxin Chuangli Technology Development Co., Ltd., held 29.14% of the shares, amounting to 55,991,330 shares[14] Research and Development - Research and development expenses increased to ¥6,557,659.16 from ¥4,329,352.01, reflecting a commitment to innovation[45] Regulatory and Strategic Initiatives - The company received approval from the China Securities Regulatory Commission for a non-public offering of up to 57.56 million new shares[22] - The company is actively engaging with institutional investors regarding its 2021 operational goals and the progress of its non-public stock issuance[31] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.089 billion, representing an increase of 8.83% compared to ¥1.001 billion in 2019[17]. - The net profit attributable to shareholders decreased by 33.58% to approximately ¥25.95 million from ¥39.07 million in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 92.24% to approximately ¥1.96 million from ¥25.27 million in 2019[17]. - Basic earnings per share decreased by 33.92% to ¥0.1352 from ¥0.2046 in 2019[17]. - The company's operating income for Q4 2020 was CNY 349,967,741.91, with a total annual operating income of CNY 1,089,213,931.35[21]. - The net profit attributable to shareholders for Q4 2020 was CNY 6,136,247.04, while the annual net profit was negative, indicating ongoing challenges[21]. - The total revenue from the small household appliances business was CNY 686,457,430.27, a decrease of 27.07% year-on-year, with a gross margin of 11.98%[50]. - The engineering construction business generated revenue of CNY 380,769,520.57, reflecting a significant increase of 579.56% year-on-year, with a gross margin of 12.75%[50]. - Jinlaite's net profit for 2020 was 150 million yuan, reflecting a 10% increase from the previous year, showcasing strong operational efficiency[114]. Cash Flow and Dividends - The net cash flow from operating activities significantly increased by 402.73% to approximately ¥60.19 million from ¥11.97 million in 2019[17]. - The company plans to distribute a cash dividend of ¥0.146 per 10 shares to all shareholders[7]. - The total distributable profit for 2020 was 165,977,048.35 CNY, with the cash dividend constituting 100% of the profit distribution[100]. - The cash dividend for 2020 was funded from the company's own funds, ensuring normal operations and long-term development[101]. - The company has a clear and transparent cash dividend policy, with independent directors fulfilling their responsibilities[95]. Business Operations and Strategy - The company has diversified its business by acquiring 100% of Guohai Construction Co., Ltd., enhancing its dual business model of small appliances and engineering construction[26]. - The company is focusing on health-oriented home appliances, developing products such as air purifiers and mosquito repellent devices[28]. - The company aims to become a leading small appliance enterprise both domestically and internationally, leveraging the rise of the "home economy" and health appliance concepts[30]. - The company plans to invest CNY 28 million in a joint venture focused on the health appliance industry, aiming to diversify its product offerings[44]. - The company plans to enhance its research and development efforts to expand product categories and introduce high-value-added products to improve profitability[83]. - The company is considering strategic acquisitions to enhance its product portfolio, with a focus on companies that specialize in smart home technologies[119]. Market and Economic Conditions - The COVID-19 pandemic had a significant negative impact on the company's operating income and net profit due to delayed operations and product circulation issues[7]. - The domestic small appliance market in China has exceeded 400 billion CNY, presenting new opportunities and challenges for the industry[29]. - The construction industry market size in China exceeds 25 trillion CNY, with significant growth potential in the post-pandemic era[32]. - The company faces risks in its small appliance business due to industry slowdown, intensified competition, high labor costs, and significant fluctuations in the RMB exchange rate[86]. - The company is exposed to macroeconomic fluctuations and international political risks, which could impact demand for municipal and construction projects[88]. Research and Development - R&D expenses increased by 12.8% year-on-year to 33,580,000 CNY, with 25 patent applications filed during the reporting period[29]. - The company holds a total of 579 patents, including 34 invention patents, making it one of the industry leaders in patent ownership[35]. - The company plans to actively develop high-quality health appliance products through internal research and external collaborations to gain a competitive edge in the growing health appliance market[85]. Shareholder and Governance Matters - The company has established a three-year shareholder dividend plan (2020-2022) to enhance transparency and return profits to investors[94]. - The company reported a share transfer of 29.99% from Jiang Xiaorong to Huaxin Chuangli, indicating a significant change in ownership structure[103]. - The company has committed to not seeking control over the company through share increases post-transfer[104]. - The company is focused on maintaining its operational integrity and protecting investor rights[106]. - The company has established a commitment to compensate investors for losses resulting from any proven misleading statements or omissions[108]. Compliance and Risk Management - The company is aware of various risk factors including policy, exchange rates, market conditions, and raw material supply that may affect its operations[7]. - The company has not made any commitments regarding future plans or performance forecasts, emphasizing the need for investors to understand the risks involved[7]. - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[135]. - There are no major litigation or arbitration matters reported during the reporting period[139]. - The company has not engaged in any significant loan activities during the reporting period[166].

Financial Performance - Operating revenue for the reporting period was ¥337,503,057.51, representing a year-on-year growth of 55.53%[6] - Net profit attributable to shareholders was ¥8,371,359.12, a decrease of 32.38% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥3,026,002.80, a decrease of 78.78% year-on-year[6] - The company's net profit decreased by 47.28%, amounting to a loss of ¥17,712,541.40, primarily due to increased financial and management expenses[15] - The company reported a total comprehensive income of CNY 8,896,582.27 for Q3 2020, down from CNY 12,148,753.41 in Q3 2019[40] - The net profit for Q3 2020 was CNY 8,371,359.12, a decrease from CNY 12,380,032.33 in Q3 2019, reflecting a decline of approximately 32.3%[39] - The net profit for the third quarter was CNY -3,004,018.43, compared to a net profit of CNY 11,153,592.82 in the previous year, reflecting a significant decline[44] - The total profit for the third quarter was CNY -2,169,588.64, compared to CNY 10,371,466.08 in the previous year, showing a substantial decrease[46] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,252,585,467.07, an increase of 1.37% compared to the previous year[6] - The company’s total assets decreased to CNY 950,329,005.11 from CNY 1,200,472,319.05 year-over-year[38] - Total liabilities decreased to CNY 627,894,068.22 from CNY 630,527,115.07, a slight decline of about 0.4%[31] - The company’s total liabilities as of December 31, 2019, were CNY 630,527,115.07, with current liabilities totaling CNY 625,759,690.07[63] - The company’s total current liabilities included accounts payable of CNY 228,309,253.75 as of December 31, 2019[63] - The company’s total liabilities reached CNY 582.57 million, with current liabilities accounting for CNY 578.61 million[67] Cash Flow - The net cash flow from operating activities was ¥30,407,971.04, an increase of 163.22% year-on-year[6] - The net cash flow from operating activities increased by 775.71%, reaching ¥52,161,527.94, driven by higher sales collections[16] - Operating cash flow for the period was CNY 58,885,894.49, significantly up from CNY 6,724,366.55 in the previous year, indicating improved cash generation from operations[52] - The net cash flow from investing activities was negative at CNY -37,620,173.74, worsening from CNY -17,877,900.02 in the previous year, indicating increased investment outflows[54] - The company reported a net cash outflow from financing activities of CNY -22,859,533.10, compared to a net inflow of CNY 6,549,894.28 in the same period last year[54] Shareholder Information - The company reported a total of 14,868 common shareholders at the end of the reporting period[11] - The top shareholder, Shenzhen Huaxin Chuangli Technology Industry Development Co., Ltd., held 29.13% of the shares, totaling 55,991,330 shares[11] Expenses and Costs - Total operating costs for the period were CNY 333,715,824.24, up from CNY 203,323,334.34 in the previous year[38] - Financial expenses surged by 739.20%, amounting to ¥12,597,180.92, mainly due to increased exchange losses and interest expenses[15] - Research and development expenses rose to CNY 11,517,722.42, compared to CNY 6,771,410.95 in the same period last year, indicating a focus on innovation[38] - Research and development expenses increased to CNY 22,133,723.87 from CNY 20,633,544.65, marking an increase of approximately 7.3%[47] Future Outlook - The company plans to raise up to ¥600 million through a private placement of shares, not exceeding 30% of the total share capital[17] - The company plans to continue focusing on operational efficiency and cost control to improve profitability in the upcoming quarters[51] - Future outlook and performance guidance were not explicitly provided in the available data[70] Regulatory and Reporting Changes - The company implemented the new revenue and leasing standards starting January 1, 2020, requiring adjustments to the beginning balance sheet[59] - The third-quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[69]