证券代码：002785 证券简称：万里石 厦门万里石股份有限公司投资者关系活动记录表 编号：2022-004 | --- | --- | |------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 动类别 | □分析师会议 □业绩说明会 □路演活动 | | 参与单位名称 及人员姓名 | 富国基金：邬华宇、赵晨阳、张啸伟 | | 时间 | | | | | | 地点 上市公司接待 | 公司副总裁、财务总监、董事会秘书：朱著香女士； | | 人员姓名 | 新疆泰利信矿业有 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥1,155,380,405.17, representing a 21.63% increase from ¥949,875,152.07 in 2020[29]. - The net profit attributable to shareholders for 2021 was -¥23,094,652.60, a decrease of 291.00% compared to ¥12,091,254.90 in 2020[29]. - The net cash flow from operating activities for 2021 was -¥22,446,127.56, down 182.34% from ¥27,260,021.44 in 2020[29]. - The company reported a basic earnings per share of -¥0.1155 for 2021, a decline of 290.91% from ¥0.0605 in 2020[29]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 10%[145]. - The net profit attributable to the parent company was -23.09 million yuan, a decrease of 291.00% year-on-year, influenced by declining gross margins and increased expenses[61]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[21]. - The company has set a performance guidance of 1.5 billion RMB in revenue for 2022, reflecting a growth target of 25%[21]. - The company plans to continue expanding into ASEAN markets and strengthen its presence in North Africa, focusing on high-quality products and services[54]. - Market expansion plans include entering three new provinces in China, targeting a 20% increase in market share[145]. - The company is considering strategic acquisitions to enhance its supply chain, with a budget of 300 million RMB allocated for potential deals[145]. Product Development and Innovation - New product launches are expected to contribute an additional 200 million RMB in revenue in 2022[21]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product quality and efficiency[145]. - The company emphasizes a commitment to sustainability, with plans to invest 50 million RMB in eco-friendly initiatives[145]. Operational Challenges - The company faced significant challenges in the stone industry due to the impact of the COVID-19 pandemic and international trade tensions, affecting import and export activities[44]. - The gross profit margin decreased by 4.88% year-on-year, primarily due to rising raw material costs and the impact of the real estate sector's financial constraints[63]. - The average gross profit margin for construction projects decreased to 7.21%, down from 8.75% in the previous year, reflecting a decline of 1.54%[48]. Financial Management and Governance - The company emphasizes risk management strategies to mitigate potential impacts from market fluctuations[21]. - The company has established effective internal control systems covering financial, information, production, safety, technology, market, quality, investment, administration, and human resources, ensuring accurate and timely accounting records[126]. - The company emphasizes transparency in information disclosure, adhering to regulatory requirements and ensuring timely and accurate communication with investors[127]. - The company has established a strong governance structure, ensuring compliance with legal and regulatory requirements, and has not encountered any violations during the reporting period[123]. Shareholder Engagement and Remuneration - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.11 million[154]. - The highest remuneration among directors was CNY 54.03 million received by Hu Jingpei and Zou Peng[154]. - The company aims to improve shareholder engagement by increasing attendance at shareholder meetings, with a total of 4 meetings held during the reporting period[159]. Social Responsibility - The company actively participated in social responsibility initiatives during the pandemic, organizing employees to volunteer at nucleic acid testing sites[192]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[192].

Revenue and Profitability - The company's revenue for Q1 2022 was ¥270,673,127.74, representing a 21.02% increase compared to ¥223,654,755.50 in the same period last year[4] - Net profit attributable to shareholders decreased by 77.08% to ¥5,496,738.37 from ¥23,980,636.68 year-on-year[4] - Total operating revenue for the current period reached ¥270,673,127.74, an increase of 21.0% compared to ¥223,654,755.50 in the previous period[26] - Net profit for the current period was ¥5,302,320.21, a significant decrease of 77.2% from ¥23,243,643.44 in the previous period[29] - Operating profit decreased to ¥8,293,075.23, down 64.3% from ¥23,177,684.73 in the previous period[29] - The company reported a decrease in basic earnings per share to ¥0.0275 from ¥0.1199, a decline of 77.1%[29] - The total comprehensive income for the current period was ¥5,220,299.94, a decrease of 77.7% from ¥23,406,031.36 in the previous period[29] Cash Flow and Financing Activities - The net cash flow from operating activities improved significantly, reaching ¥1,543,636.60, a 104.85% increase from a negative cash flow of ¥31,811,058.08 in the previous year[4] - The company's cash flow from financing activities increased by 219.52%, reaching ¥6,353,323.73 compared to a negative cash flow of ¥5,315,484.58 in the previous year[11] - The net cash flow from financing activities was $6,353,323.73, a turnaround from -$5,315,484.58 in the previous period, showing improved financing conditions[37] - The cash inflow from obtaining loans was $21,348,200.00, compared to $51,498,972.90 in the previous period, indicating a decrease in borrowing[37] - Cash paid for debt repayment was $16,157,026.60, down from $53,658,389.65 in the previous period, reflecting a reduction in debt servicing[37] - Cash dividends and interest payments totaled $4,241,706.16, slightly down from $4,947,325.32 in the previous period, indicating stable dividend policy[37] Assets and Liabilities - The total assets as of March 31, 2022, were ¥1,286,763,360.22, down 4.83% from ¥1,352,034,394.21 at the end of the previous year[4] - The total current assets decreased from CNY 1,038,901,311.57 to CNY 964,529,213.02, a decline of approximately 7.15%[19] - Total liabilities decreased from CNY 721,774,239.00 to CNY 651,282,905.07, a decrease of about 9.73%[22] - The total equity attributable to shareholders increased from CNY 599,712,968.45 to CNY 605,170,156.72, an increase of approximately 0.76%[25] - The total non-current assets increased from CNY 313,133,082.64 to CNY 322,234,147.20, an increase of about 2.51%[25] Impairment and Other Financial Metrics - The company reported a significant increase in credit impairment losses by 83.52%, amounting to ¥7,615,636.27 compared to ¥4,149,736.31 in the previous year[11] - The company incurred credit impairment losses of ¥7,615,636.27, up from ¥4,149,736.31 in the previous period, indicating increased financial stress[29] - Other comprehensive income after tax for the current period was negative at ¥82,020.27, compared to a positive ¥162,387.92 in the previous period[29] Inventory and Receivables - Accounts receivable decreased from CNY 614,414,725.87 to CNY 538,936,135.58, representing a reduction of about 12.27%[19] - Inventory increased from CNY 173,580,395.83 to CNY 186,514,944.30, an increase of approximately 7.38%[19] - The company's other receivables increased from CNY 8,122,822.91 to CNY 10,645,164.45, an increase of approximately 31.03%[19] General Notes - The company’s first quarter report is unaudited, which may affect the reliability of the financial data presented[38]

证券代码：002785 证券简称：万里石 公告编号：2022-032 厦门万里石股份有限公司 关于参加厦门辖区上市公司2021年年报业绩说明会暨 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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 厦门万里石股份有限公司（以下简称"公司"）已于2022年4月20日披露了 《2021年年度报告》及摘要。为便于广大投资者更深入全面地了解公司情况，公 司拟定于2022年5月10日（星期二）14:30-16:00参加由厦门证监局指导，厦门上 市公司协会和深圳市全景网络有限公司联合举办的"厦门辖区上市公司2021年年 报业绩说明会暨投资者网上集体接待日活动"。具体情况安排如下： 一、本次活动相关安排 1、召开时间：2022年5月10日（星期二）下午14:30—16:00。 2、召开方式：本次说明会将采用网络远程的方式召开。 3 、 参 与 方 式 ： 投 资 者 可 登 录 全 景 网 " 投 资 者 关 系 互 动 平 台 "（http://ir.p5w.net）在线参与。 4、公司出席人员：董事长胡精沛先生；董事、副总裁、董事会秘书、财务 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥1,155,380,405.17, representing a 21.63% increase from ¥949,875,152.07 in 2020[31]. - The net profit attributable to shareholders was -¥23,094,652.60, a decrease of 291.00% compared to a profit of ¥12,091,254.90 in 2020[31]. - The net cash flow from operating activities was -¥22,446,127.56, down 182.34% from ¥27,260,021.44 in 2020[31]. - The total assets at the end of 2021 were ¥1,352,034,394.21, an increase of 2.84% from ¥1,314,679,809.87 at the end of 2020[31]. - The net assets attributable to shareholders decreased by 4.13% to ¥599,712,968.45 from ¥625,537,315.60 at the end of 2020[31]. - The company reported a significant increase in investment amounting to 11.54 million yuan, a change of 361.42% compared to the previous year's investment of 2.5 million yuan[98]. - The company reported a positive net profit available for distribution to shareholders but did not propose a cash dividend distribution plan during the reporting period[174]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% growth in this region by 2023[21]. - The company has completed the acquisition of a local competitor, which is expected to enhance its market share by 5%[21]. - The company aims to deepen its focus on the domestic market, particularly in the Haixi, Pearl River Delta, Yangtze River Delta, Beijing-Tianjin-Hebei, and Greater Bay Area regions, targeting high-end stone materials[111]. - The company is exploring new business strategies in the renewable energy sector, having invested in Xiamen Wanli Lithium New Energy Venture Capital Partnership, and plans to increase its focus on this area[113]. - The company has launched a new product line that contributed 50 million RMB in sales within the first quarter of its release[21]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market share by 10%[146]. Research and Development - The company is investing 100 million RMB in R&D for new product development, focusing on sustainable materials[21]. - The company has invested 50 million RMB in R&D for innovative stone processing technologies[146]. Operational Challenges and Recovery - The company faced challenges in the stone industry due to the COVID-19 pandemic, impacting trade, supply chains, and logistics[41]. - Future market recovery is anticipated as infrastructure investment and consumer spending are expected to rebound post-pandemic[41]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with legal and regulatory requirements, and protecting the rights of all shareholders[121]. - The company has established effective internal control systems covering financial, information, production, safety, technology, market, quality, investment, administration, and human resources, ensuring accurate and timely accounting records[124]. - The company emphasizes transparency in information disclosure, adhering to regulatory requirements and ensuring timely and accurate communication with investors[125]. - The company maintains independence from major shareholders in terms of assets, personnel, finance, organization, and business operations, ensuring a complete and independent operational capability[126]. Employee and Management Structure - The total number of employees at the end of the reporting period was 836, with 322 in the parent company and 514 in major subsidiaries[166]. - The professional composition of employees includes 383 production personnel, 170 sales personnel, 123 technical personnel, 53 financial personnel, 81 administrative personnel, and 26 management personnel[166]. - The company has established a performance evaluation salary system since 2013, which was further improved in 2021 to enhance salary structure and standards[167]. - The company has implemented a stock option and restricted stock incentive plan in 2022 to attract and retain talent[170]. Social Responsibility - The company actively participated in social responsibility initiatives during the pandemic, organizing employees to volunteer at nucleic acid testing sites[189]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[189]. Future Outlook - Future guidance indicates an expected revenue growth of 12% for 2022, with a target of 1.34 billion RMB[21]. - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, targeting 1.44 billion RMB[146]. - The company aims to increase its online sales channel contribution to 40% of total sales by 2023[146]. - A new marketing strategy focusing on digital platforms is expected to boost brand awareness and customer engagement by 30%[146].

Revenue and Profitability - Revenue for Q3 2021 was CNY 278,951,817.36, an increase of 0.53% year-over-year, while year-to-date revenue reached CNY 818,356,021.84, up 40.41% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was a loss of CNY 10,824,212.88, a decrease of 1,069.25% year-over-year, while year-to-date net profit was CNY 17,097,530.36, an increase of 203.38%[4] - The basic earnings per share for Q3 2021 was -CNY 0.0551, reflecting a decline of 1,083.74% year-over-year, while year-to-date earnings per share was CNY 0.0855, up 203.19%[4] - Total operating revenue for the current period reached ¥818,356,021.84, an increase of 40.4% compared to ¥582,824,809.73 in the previous period[26] - Net profit for the current period was ¥17,620,412.15, compared to ¥5,837,414.29 in the previous period, representing a growth of 201.5%[26] - The company reported a profit margin of approximately 2.15% for the current period, compared to 1.00% in the previous period[26] - Earnings per share (EPS) for the current period was ¥0.0855, an increase from ¥0.0282 in the previous period[29] Assets and Liabilities - Total assets as of September 30, 2021, were CNY 1,329,181,216.54, representing a 1.10% increase from the end of the previous year[4] - The company's total current assets as of September 30, 2021, amount to CNY 1,036,000,641.75, an increase from CNY 1,021,591,621.86 at the end of 2020[15] - The total assets of the company are CNY 1,329,181,216.54, compared to CNY 1,314,679,809.87 at the end of 2020[18] - The company's non-current assets total CNY 293,180,574.79, slightly up from CNY 293,088,188.01 year-over-year[18] - The company’s total liabilities decreased slightly to ¥654,201,253.27 from ¥655,048,474.34[22] - The company’s total liabilities increased slightly, reflecting ongoing financial commitments and obligations[40] - Total liabilities amounted to 655,048,474.34, a decrease from 662,627,902.97, reflecting a reduction of 1.03%[43] - Non-current liabilities totaled 13,139,777.07, down from 21,068,572.87, indicating a significant decrease of 37.6%[43] Cash Flow - Cash flow from operating activities for the year-to-date was -CNY 3,003,938.83, an improvement of 83.71% compared to the previous year[9] - Cash flow from operating activities was ¥862,747,290.61, compared to ¥673,043,428.10 in the previous period, indicating a strong cash generation capability[30] - Net cash flow from operating activities was -3,003,938.83, an improvement from -18,438,517.66 in the previous period, indicating a significant reduction in cash outflow[33] - Total cash inflow from investment activities was 2,677,500.00, compared to 800,300.00 in the previous period, showing a substantial increase[33] - Cash inflow from financing activities was 258,620,566.38, down from 286,829,996.31, indicating a decrease in financing activities[33] - Cash outflow for investing activities was 2,109,735.53, compared to 1,935,398.00 in the previous period, reflecting increased investment expenditures[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,714, with the top ten shareholders holding a combined 58.63% of shares[11] - Hu Jingpei, the largest shareholder, holds 13.58% of shares, amounting to 27,165,451 shares, with 20,374,088 shares pledged[11] - Total equity attributable to shareholders increased to ¥640,634,731.32 from ¥625,537,315.60, reflecting a growth of 2.5%[22] - Total equity attributable to shareholders reached 625,537,315.60, remaining unchanged compared to the previous period[43] Operational Performance - The company reported a significant increase in investment income of CNY 26,785,521.65 for the year-to-date, a rise of 746.23% compared to the same period last year[7] - The company experienced a 59.95% increase in prepayments, totaling CNY 86,131,976.40, attributed to increased business volume[7] - The company reported a 122.55% increase in other current liabilities, amounting to CNY 36,775,151.69, due to commercial acceptance bills[7] - The company noted a significant increase in accounts receivable financing, which rose by 3,750.26% to CNY 21,620,253.86, primarily due to the endorsement discount of commercial acceptance bills[7] - Accounts receivable decreased to CNY 587,760,610.37 from CNY 613,523,030.17 year-over-year[15] - Inventory as of September 30, 2021, is CNY 153,018,999.94, down from CNY 168,232,855.64 at the end of 2020[15] Other Financial Information - Non-operating income for the year-to-date was CNY 193,708.86, reflecting a decrease compared to the previous year[6] - Other comprehensive income after tax for the current period was -¥872,591.79, an improvement from -¥2,069,774.98 in the previous period[29] - The company reported a deferred income of 7,559,000.00, which remains stable[43] - The company has a long-term loan of 4,446,989.67, unchanged from the previous period[43] - The company holds an undistributed profit of 240,790,256.81, consistent with previous figures[43] - The company has a minority interest of 34,094,019.93, remaining stable[43] - The company has not yet audited its third-quarter report, indicating preliminary figures[44] - The company is implementing new leasing standards starting from 2021, which may impact future financial reporting[45]

证券代码：002785 证券简称：万里石 公告编号：2021-055 厦门万里石股份有限公司 关于参加2021年度厦门辖区上市公司投资者网上集体 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、误导性陈述或者重大遗漏。 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地了解公司 情况, 厦门万里石股份有限公司（以下简称"公司"）将于2021年9月7日(星期 二)15:00-17:00参加由厦门证监局、厦门上市公司协会与深圳市全景网络有限公 司联合举办的"2021年度厦门辖区上市公司投资者网上集体接待日"活动。 本次活动将通过深圳市全景网络有限公司提供的网上平台进行,投资者可以 登录"全景·路演天下"(http://rs.p5w.net)参与在线交流。届时公司高管人 员将通过网络与投资者进行实时沟通与交流。 公司出席本次活动的高管有：董事长胡精沛先生、财务总监兼董事会秘书朱 著香女士。 欢迎广大投资者积极参与！ 特此公告。 厦门万里石股份有限公司董事会 2021 年 9 月 2 日 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 539,404,204.48, representing a 76.65% increase compared to CNY 305,347,316.35 in the same period last year[26]. - Net profit attributable to shareholders was CNY 27,921,743.24, a significant increase of 517.88% from CNY 4,518,940.24 in the previous year[28]. - The net profit after deducting non-recurring gains and losses reached CNY 27,228,625.95, up 669.00% from CNY 3,540,801.32 year-on-year[28]. - Basic earnings per share increased to CNY 0.1396, a rise of 517.70% compared to CNY 0.0226 in the previous year[28]. - Operating revenue grew by 76.65% year-on-year, driven by recovery in export stone materials, significant growth in U.S. cabinet business, and large-scale growth in engineering construction[47]. - The revenue from engineering construction surged by 170.29% to ¥161,124,900.15, indicating substantial growth in this segment[63]. - The total operating revenue for the first half of 2021 reached ¥539,404,204.48, a significant increase of 76.6% compared to ¥305,347,316.35 in the first half of 2020[186]. - Net profit for the first half of 2021 was ¥27,664,348.87, compared to ¥3,786,583.19 in the same period last year, reflecting a growth of 631.5%[189]. - The total operating costs for the first half of 2021 were ¥538,707,962.61, up from ¥307,712,078.86, reflecting an increase of 75.0%[186]. - Investment income for the first half of 2021 was ¥25,807,775.56, significantly higher than ¥1,187,298.19 in the same period last year, marking an increase of 2075.5%[186]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,369,273,039.15, reflecting a 4.08% increase from CNY 1,314,679,809.87 at the end of the previous year[28]. - The company's total liabilities increased by 4.33%, with non-current liabilities rising by 60.65% due to adjustments in lease liabilities under new accounting standards[46]. - The company's accounts receivable increased to ¥639,802,411.11, representing 46.76% of total assets, reflecting a slight increase from 46.67% in the previous year[71]. - The company's total liabilities reached ¥683,444,698.10, up from ¥655,048,474.34, indicating an increase of around 4.3%[175]. - Owner's equity totaled ¥684,828,341.05, compared to ¥659,631,335.53, reflecting a growth of approximately 3.8%[175]. Cash Flow - The net cash flow from operating activities improved to -CNY 2,652,091.99, a 45.14% improvement from -CNY 4,834,388.32 in the previous year[28]. - The company reported a net cash outflow from operating activities of ¥2,652,091.99 for the first half of 2021, an improvement from a net outflow of ¥4,834,388.32 in the first half of 2020[197]. - Cash received from sales of goods and services was ¥535,593,133.53, up from ¥394,127,951.69 in the previous year, indicating a growth of 35.9%[197]. Market Performance - In the first half of 2021, the company achieved sales revenue of 67.87 million CNY in the Japanese market, reflecting a year-on-year increase of 9%[39]. - The company’s sales revenue in the European and American markets reached 80.40 million CNY, up 30.72% year-on-year, driven by extended service strategies[39]. - The revenue from domestic markets was ¥309,677,137.35, accounting for 57.41% of total revenue, with a year-on-year growth of 75.73%[63]. - The company’s domestic home decoration business generated 8.65 million CNY in revenue from the Belt and Road market in the first half of 2021[40]. - The company’s domestic home decoration business saw a revenue increase of 85.28%, reaching 8.65 million CNY, due to a focus on high-end customization[40]. Risks and Challenges - The company faced significant risks including exchange rate fluctuations due to its international business operations, which it mitigates through commercial agreements and hedging tools[85]. - Environmental policy risks are increasing due to stricter regulations, prompting the company to enhance its environmental management systems[86]. - The company is actively expanding its market presence beyond the US to mitigate trade tariff risks arising from ongoing trade tensions[90]. - The company has implemented measures to address talent shortages and funding challenges in emerging business areas[89]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[6]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[75][76]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[151]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[122]. - The company did not experience any violations regarding external guarantees during the reporting period[110]. Miscellaneous - The company reported no significant environmental issues or administrative penalties during the reporting period[103]. - There were no major lawsuits or arbitration matters during the reporting period, except for a contract dispute involving an amount of 865.5 thousand yuan, which is currently under trial[113]. - The semi-annual report was not audited[111]. - The total number of shares is 200,000,000, with 81.07% being unrestricted shares[143].

Financial Performance - The company's revenue for Q1 2021 was CNY 223,654,755.50, representing an increase of 82.77% compared to CNY 122,368,547.07 in the same period last year[9]. - Net profit attributable to shareholders was CNY 23,980,636.68, a significant increase of 1,139.23% from CNY 1,935,125.28 year-on-year[9]. - The net profit after deducting non-recurring gains and losses reached CNY 23,661,829.65, up 1,910.22% from CNY 1,177,076.76 in the previous year[9]. - The basic earnings per share (EPS) was CNY 0.1199, reflecting a growth of 1,136.08% compared to CNY 0.0097 in the same quarter last year[9]. - The weighted average return on equity (ROE) improved to 3.76%, up from 0.31% in the previous year[9]. - Total operating revenue for the first quarter was CNY 223,654,755.50, a significant increase from CNY 122,368,547.07 in the previous year, representing an increase of approximately 83%[51]. - The company's net profit for the current period is 23,243,643.44, compared to 1,386,826.54 in the previous period, indicating a significant increase[58]. - The total profit for the current period is 23,206,896.32, compared to 3,670,233.31 in the previous period, marking an increase of about 532.5%[58]. - Operating income for the current period is 40,584,559.14, up from 27,722,004.98 in the previous period, reflecting a growth of approximately 46.3%[61]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -31,811,058.08, compared to CNY -2,484,668.14 in the same period last year, indicating a 1,180.29% increase in cash outflow[9]. - Cash flow from operating activities showed a net outflow of CNY 31,811,058.08, a significant decline of 1,180.29% compared to an outflow of CNY 2,484,668.14 in Q1 2020, mainly due to increased cash payments for goods and services[22]. - The company's cash and cash equivalents decreased by 40.16% to CNY 57,972,653.13 from CNY 96,879,107.50, primarily due to reduced net cash flow from operating activities[19]. - The net increase in cash and cash equivalents for the current period was CNY -37,115,196.88, compared to CNY -8,269,164.56 in the previous period[72]. - Cash inflow from financing activities was CNY 53,290,230.39, slightly down from CNY 54,500,000.00, while cash outflow was CNY 58,605,714.97, leading to a net cash flow from financing activities of CNY -5,315,484.58[71]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,279,825,509.76, a decrease of 2.65% from CNY 1,314,679,809.87 at the end of the previous year[9]. - The total assets as of March 31, 2021, amounted to CNY 1,279,825,509.76, a decrease from CNY 1,314,679,809.87 at the end of 2020[38]. - The total liabilities decreased from CNY 388,066,147.14 to CNY 351,990,456.89, indicating a reduction of about 9.2%[51]. - The total equity attributable to shareholders increased from CNY 459,839,822.33 to CNY 482,755,178.43, reflecting a growth of approximately 4.9%[51]. - The company's non-current liabilities totaled CNY 7,197,804.44, slightly down from CNY 7,559,000.00[51]. Operational Costs - Operating costs for Q1 2021 were CNY 201,226,304.83, up 95.90% from CNY 102,717,088.32 in Q1 2020, reflecting the same recovery trend[19]. - The total operating costs for the current period amount to 229,351,460.97, compared to 130,238,343.42 in the previous period[58]. Investment Income - Investment income surged to CNY 23,893,065.95, a dramatic increase of 21,387.65% from a loss of CNY 112,239.11 in the previous year, attributed to increased net profits from associated companies[19]. - The investment income for the current period is 23,893,065.96, a substantial recovery from a loss of 112,239.11 in the previous period[61]. Employee Compensation - The company reported a significant decrease in employee compensation payable by 39.80% to CNY 7,660,480.06 from CNY 12,724,155.11, as bonuses from the previous year were paid out[19]. - Payments to employees decreased to CNY 25,721,805.55 from CNY 31,896,843.68, indicating a reduction in labor costs[68]. Tax and Other Comprehensive Income - The tax expenses for the current period are -36,747.12, a decrease from 2,283,406.77 in the previous period, suggesting a reduction in tax liabilities[58]. - The company's other comprehensive income improved from -CNY 645,672.80 to -CNY 1,080,566.51, indicating a worsening in this area[51]. - The company's other comprehensive income after tax for the current period is 162,387.92, compared to -63,480.55 in the previous period, indicating a positive shift[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,561[13]. - The company's undistributed profits rose to CNY 98,758,537.40 from CNY 75,843,181.30, marking an increase of about 30.2%[51].

Financial Performance - The company's operating revenue for 2020 was ¥949,875,152.07, a decrease of 7.10% compared to ¥1,022,456,184.70 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥12,091,254.90, representing a significant increase of 134.52% from a loss of ¥35,026,406.38 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,367,909.29, up 109.07% from a loss of ¥37,116,931.66 in 2019[26]. - The net cash flow from operating activities reached ¥27,260,021.44, a remarkable increase of 732.42% compared to ¥3,274,809.39 in 2019[26]. - The total assets at the end of 2020 were ¥1,314,679,809.87, reflecting a 1.51% increase from ¥1,295,080,126.85 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥625,537,315.60, a slight increase of 1.09% from ¥618,765,575.88 at the end of 2019[26]. - The company's total revenue for the reporting period was approximately ¥949.88 million, a decrease of 7.10% compared to ¥1,022.46 million in the previous year[73]. - The net profit attributable to the parent company was ¥12.09 million, representing a year-on-year increase of 134.52%[68]. - Operating cash flow net amount was ¥27.26 million, a significant increase of 732.42% compared to the previous year[69]. Dividend Distribution - The company reported a cash dividend of 0.07 yuan per 10 shares for all shareholders, based on a total of 200,000,000 shares[6]. - The company plans to distribute a cash dividend of RMB 0.07 per 10 shares, totaling RMB 1,400,000 for the year 2020, which is 11.58% of the net profit attributable to shareholders[144]. - The total distributable profit for 2020 is RMB 75,843,181.30, after accounting for a 10% legal reserve of RMB 413,074.24[150]. - The company did not distribute any dividends in 2019, with a net loss of RMB 35,026,406.38[144]. - In 2018, the company distributed a cash dividend of RMB 0.06 per 10 shares, totaling RMB 1,200,000, which was 11.76% of the net profit[144]. - The company has a stable profit distribution policy, ensuring that at least 10% of the distributable profit is allocated for cash dividends each year[140]. - The company has not made any adjustments to its profit distribution policy during the reporting period[140]. - The cash dividend distribution process is compliant with the company's articles of association and shareholder resolutions[144]. Business Operations - The company has maintained its main business model for engineering projects without any changes during the reporting period[6]. - The company has not experienced any changes in its main business operations since its listing[22]. - The company has a total of 8 subsidiaries and joint ventures, with a focus on stone materials and decoration engineering[12]. - The company implemented engineering projects with a total contract amount of ¥268,532,200, with residential renovation revenue accounting for 91.76% of total revenue[39]. - The average gross margin for construction projects in 2020 was 8.75%, down from 10.01% in the previous year[39]. - The company has established a quality control system compliant with ISO9001 and has continuously improved its quality management system[42]. - The company did not report any significant quality issues in major projects during the reporting period[42]. Market Performance - The company's sales revenue in the Japanese and Korean markets decreased by 16.41% to 110.44 million RMB, while sales in the US and Europe increased by 21.42% to 133.44 million RMB due to the company's extended service strategy[54]. - The company plans to strengthen its overseas quartz stone processing base in Vietnam and expand into ASEAN markets such as Singapore and the Philippines, as well as North African markets like Algeria and Ethiopia[55]. - The company reported a significant loss in several subsidiaries, including a net loss of approximately $4.86 million for Xiamen Wanli Stone Decoration Design Co., Ltd.[128]. - The company is focusing on online promotion and rapid transformation towards the consumer market with its sub-brand "Wanli Stone Home"[129]. Investments and Financing - The company plans to raise up to 333.6 million RMB through a non-public offering of up to 20 million shares at a price of 16.68 RMB per share to enhance liquidity and repay bank loans[62]. - The company achieved an investment income of 4.07 million RMB from its stake in Dongfang Wanli Stone Co., Ltd. during the reporting period[61]. - The company made a significant equity investment of ¥2,500,000.00 in Huabin Fast-Moving Consumer Goods Sales (Fujian) Co., Ltd., acquiring a 20% stake[113]. - The company plans to invest 3,000 million VND (approximately 1,020 million RMB) in a joint venture named BAOPHAT NEW MATERIAL (Vietnam) CO.,LTD, holding a 34% stake[177]. Compliance and Governance - The company's financial report has been confirmed as true, accurate, and complete by its management team[5]. - The company has not faced any penalties or rectification issues during the reporting period[167]. - The independent directors have provided objective opinions on the company's profit distribution, ensuring the protection of minority shareholders' rights[143]. - The company has maintained strict compliance with share transfer commitments, ensuring no violations occurred[153]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[158]. Challenges and Risks - The company experienced a significant decline in export sales due to the impact of the COVID-19 pandemic on landscape stone and paper products[81]. - The company reported a decrease in sales volume of building decorative stone by 4.58% year-on-year, with production volume also down by 2.56%[78]. - The sales volume of landscape stone decreased by 35.85% to 8,743.7 cubic meters compared to 13,630.96 cubic meters in the previous year[81]. - The production volume of landscape stone dropped by 41.78% to 8,045.72 cubic meters from 13,820.1 cubic meters year-on-year[81]. - The sales volume of paper products fell by 83.79% to 178,954 units, down from 1,103,873 units in the previous year[81]. Future Plans - The company plans to deepen its focus on the domestic market, particularly in key cities like Beijing, Shanghai, Guangzhou, and Shenzhen, while also expanding into other first and second-tier cities[129]. - The company aims to enhance its production capabilities by integrating intelligent manufacturing and personalized customization, reducing labor costs, and increasing environmental investments[130]. - The company is committed to a "dual circulation" strategy, focusing on both domestic and international markets, particularly in ASEAN and African regions[133]. - The management team will implement an incentive mechanism and introduce a partnership model to enhance team motivation and ensure sustainable development[134]. - The company plans to optimize resource procurement channels globally to ensure high-quality resource control[130].