Financial Performance - The company's operating revenue for Q3 2021 was ¥2,478,435,272.21, representing a year-on-year increase of 28.97%[5] - The net profit attributable to shareholders for the same period was ¥325,790,719.29, up 20.40% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥330,811,551.62, reflecting a 25.06% increase compared to the previous year[5] - The company reported a 40.47% increase in net profit attributable to shareholders for the year-to-date period, driven by sales growth and expense dilution[13] - Net profit attributable to the parent company was ¥704,829,982.82, up 40.5% from ¥501,774,201.12 in the same period last year[35] - Operating profit for the current period was ¥831,137,261.78, representing a 25.3% increase from ¥663,709,437.91 in the previous year[35] - The total comprehensive income for the current period was ¥734,303,214.01, compared to ¥527,531,857.18 in the previous year, an increase of 39.2%[38] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,095,436,596.17, a growth of 34.56% from the end of the previous year[8] - Total current assets as of September 30, 2021, amounted to CNY 7,157,964,174.71, an increase from CNY 5,302,193,457.27 in the previous year[22] - Total assets reached CNY 9,095,436,596.17, compared to CNY 6,759,417,402.68 in the previous year, indicating a growth of around 34.4%[25] - Total liabilities increased to CNY 4,370,279,159.04 from CNY 2,649,063,026.67, representing a rise of approximately 64.9%[27] - The company reported a notable increase in accounts payable, which rose to CNY 1,790,560,478.53 from CNY 826,637,296.04, reflecting a growth of approximately 116.5%[27] - The company’s total non-current assets amounted to CNY 1,937,472,421.46, up from CNY 1,457,223,945.41, indicating an increase of approximately 32.9%[25] - The total liabilities amounted to 2,000,000,000 CNY, with short-term borrowings at 43,471,097.16 CNY, indicating a stable debt position[49] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥519,133,123.41, a decline of 314.16% year-on-year[8] - Cash inflow from operating activities totaled ¥4,653,295,425.39, compared to ¥3,695,298,594.41 in the previous period, marking a 25.9% increase[39] - The net cash flow from operating activities was -519,133,123.41 CNY, compared to -125,345,144.47 CNY in the previous period, indicating a decline in operational cash flow[42] - Total cash outflow from investing activities was 781,688,501.79 CNY, up from 308,693,892.44 CNY, reflecting increased investment expenditures[42] - The net cash flow from financing activities was 241,040,282.71 CNY, compared to 109,649,765.47 CNY in the previous period, showing improved financing inflows[45] - The total cash and cash equivalents at the end of the period were 537,746,570.59 CNY, down from 546,039,892.90 CNY, indicating a decrease in liquidity[45] Inventory and Investments - The company's inventory increased by 44.24% compared to the beginning of the period, attributed to increased sales and rising raw material prices[13] - The long-term equity investments grew by 54.33% compared to the beginning of the period, due to increased investments in joint ventures and associates[13] - Accounts receivable increased significantly to CNY 3,800,387,090.41 from CNY 1,766,395,582.27, marking a growth of about 114.5%[22] - Inventory rose to CNY 1,492,523,697.66, up from CNY 1,034,783,008.50, reflecting an increase of approximately 44.2%[25] - The company absorbed investments totaling 34,000,000.00 CNY from minority shareholders, indicating ongoing support from investors[42] Earnings Per Share - The basic earnings per share for Q3 2021 was ¥1.01, which is a 20.24% increase compared to the same period last year[8] - The basic earnings per share increased to ¥2.19, compared to ¥1.56 in the same period last year, reflecting a growth of 40.4%[38] Research and Development - Research and development expenses amounted to ¥225,937,262.25, an increase of 13.5% from ¥199,082,319.23 in the prior period[35] Tax and Expenses - The company reported a decrease in tax expenses to ¥89,170,639.61 from ¥133,127,104.33, a reduction of 33.0%[35] - The cash paid for taxes was 341,286,721.41 CNY, up from 274,346,793.80 CNY, indicating increased tax obligations[42] - The cash paid to employees was 1,251,105,454.92 CNY, an increase from 991,438,238.78 CNY, suggesting higher labor costs[42] Miscellaneous - The company has recognized lease liabilities under the new leasing standards, effective from January 1, 2021[54] - The company has not audited its third-quarter report[56]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,487,409,844.55, representing a 34.25% increase compared to CNY 2,597,691,084.50 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 379,039,263.53, a 63.95% increase from CNY 231,188,229.16 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 380,455,563.77, up 67.95% from CNY 226,531,563.27 in the same period last year[26]. - The basic earnings per share increased to CNY 1.18, a rise of 63.89% compared to CNY 0.72 in the previous year[26]. - The company's revenue for the reporting period reached ¥3,487,409,844.55, representing a year-on-year increase of 34.25% compared to ¥2,597,691,084.50 in the same period last year[56]. - The gross profit margin decreased as the cost of sales increased by 40.19% to ¥2,185,736,934.66, driven by rising material prices and increased sales volume[56]. - Domestic revenue amounted to ¥3,204,743,170.19, reflecting a year-on-year growth of 37.98%[66]. - The company's revenue for the construction hardware industry reached ¥3,448,792,099.87, representing a year-on-year increase of 33.77%[66]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,832,158,327.53, reflecting a 15.87% increase from CNY 6,759,417,402.68 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were CNY 4,181,230,040.15, which is a 4.85% increase from CNY 3,987,735,411.18 at the end of the previous year[26]. - The company's cash and cash equivalents decreased by 8.56% to ¥490,432,668.07, primarily due to increased operational and investment expenditures[70]. - Accounts receivable rose to ¥3,048,385,578.25, accounting for 38.92% of total assets, driven by increased sales[70]. - The company’s inventory stood at ¥1,332,827,168.69, representing 17.02% of total assets, with no significant changes noted[70]. - The company’s long-term equity investments increased to ¥175,653,364.80, accounting for 2.24% of total assets[70]. - The company’s short-term borrowings increased to ¥251,711,210.80, reflecting a rise of 0.64% due to operational needs[73]. Cash Flow - The net cash flow from operating activities was negative CNY 548,918,043.95, worsening by 49.32% compared to negative CNY 367,616,340.05 in the same period last year[26]. - The company generated a net cash flow from operating activities of -¥548,918,043.95, a decline of 49.32% compared to -¥367,616,340.05 in the previous year[60]. Market and Product Development - The company is a leading player in the mid-to-high-end building hardware industry, focusing on R&D, production, and sales of building hardware systems and components[35]. - The company has expanded its product line to include smart locks and other smart home products, entering new markets such as security and underground comprehensive pipe corridors[44]. - The company aims to continue expanding its overseas market presence, leveraging its established customer resources in emerging countries[42]. - The company has established over 700 domestic and international sales points, with a sales team of more than 5,000 people, covering all major cities in China[42]. - The company has set up over 10 overseas warehouses to replicate its domestic sales model, enhancing its ability to respond quickly to customer demands[42]. - The company has developed a modern management system that provides efficient and standardized services to B-end customers, giving it a competitive edge in the industry[47]. - The company has actively participated in the development of over 200 national and industry standards, showcasing its commitment to quality and innovation[49]. Research and Development - Research and development expenses amounted to ¥142,381,411.45, reflecting a 15.05% increase from ¥123,753,674.33 in the previous year[60]. - The company holds over 800 patents, with a leading position in the industry for both invention patents and total patents[49]. Strategic Plans and Risks - Future operational plans and targets are subject to market conditions and uncertainties, and investors are advised to pay attention to investment risks[5]. - The company aims for a revenue growth rate of no less than 30% in 2021, with ambitious targets set for subsequent years, reaching up to 225% by 2025[118]. - The company faces risks from fluctuations in the downstream construction industry, which is closely tied to real estate development investment growth rates[100]. - The company faces risks related to management capacity as it scales, which may impact operational efficiency and decision-making[101]. - The expiration of the high-tech enterprise certification could increase the corporate income tax rate from 15% to 25%, negatively affecting net profit levels if not renewed[109]. - The company has experienced a tightening of industry funding due to regulatory changes, impacting cash flow and increasing reliance on accounts receivable[102]. Environmental Compliance - The company has a total annual emission of 8.56 tons for particulate matter, which is below the approved limit of 10.368 tons[122]. - The sulfur dioxide emissions are recorded at 0.06843 tons per year, under the approved limit of 0.0719 tons[122]. - Nitrogen oxides emissions stand at 0.02649 tons per year, also below the approved limit of 0.0341 tons[122]. - The company has implemented various pollution control facilities, all of which are operating normally and achieving standard emissions[128]. - Wastewater treatment facilities have successfully treated production and domestic wastewater to meet the Guangdong provincial discharge standards[132]. - The company is classified as a key pollutant discharge unit by the environmental authorities, adhering strictly to national and local emission standards[126]. - The company has established a comprehensive plan for hazardous waste management, ensuring compliance with regulatory requirements[133]. - The company has obtained environmental permits for its production facilities, with a wastewater discharge permit valid from August 13, 2020, to August 12, 2023[138]. - There were no administrative penalties due to environmental issues during the reporting period[141]. Corporate Governance and Shareholding - The largest shareholder, Bai Baokun, holds 37.74% of shares, totaling 121,333,973 shares[193]. - The second-largest shareholder, Yan Guilin, holds 7.78% of shares, totaling 24,999,835 shares[193]. - The report indicates that the shareholding structure remains stable with no new issuances or buybacks reported[189]. - The actual controller of the company is Bai Baokun, who holds 30,333,493 shares, representing a significant portion of the total shares[197]. - The total number of shares before the change was 321,540,000, with a post-change total of 321,540,000, indicating no net change in total shares[185]. - The total number of shares held by directors and senior management decreased from 13,475,032 to 12,116,632 shares during the reporting period[200]. - The company has not engaged in any major asset or equity acquisitions during the reporting period[159]. - The company did not engage in any repurchase transactions during the reporting period[197]. Social Responsibility - The company has engaged in social responsibility initiatives, including establishing scholarships at multiple universities and contributing to over 70 Hope Schools[144].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,243,227,560.70, representing a 55.42% increase compared to ¥799,939,059.78 in the same period last year [8] - Net profit attributable to shareholders for Q1 2021 was ¥42,675,280.06, a significant increase of 415.69% from ¥8,275,371.23 in the previous year [8] - The net profit after deducting non-recurring gains and losses reached ¥39,031,237.16, marking a 636.05% increase from ¥5,302,786.26 year-on-year [8] - The basic earnings per share for Q1 2021 was ¥0.13, up 333.33% from ¥0.03 in the same quarter last year [8] - The company reported a total comprehensive income of ¥53,682,872.44 for the current period, compared to ¥7,742,382.59 in the previous period, reflecting a significant increase of approximately 593.5% [81] - The net profit for the current period is 56,742,811.47, a significant increase from 9,984,100.16 in the previous period, representing a growth of approximately 469.5% [86] - The total profit for the current period is 58,799,459.54, compared to 10,805,536.76 in the previous period, indicating an increase of about 442.5% [86] - The operating profit for the current period is 58,207,087.88, up from 11,920,789.07 in the previous period, reflecting a growth of approximately 387.5% [86] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,428,883,798.47, a decrease of 4.89% from ¥6,759,417,402.68 at the end of the previous year [8] - Total assets decreased from ¥6,759,417,402.68 to ¥6,428,883,798.47, a decline of approximately 4.9% [65] - Current liabilities decreased from ¥2,539,953,858.11 to ¥2,092,267,677.53, a reduction of about 17.6% [62] - Total liabilities decreased from ¥2,649,063,026.67 to ¥2,288,351,423.84, a decline of about 13.6% [62] - The company's retained earnings increased from ¥2,474,418,012.79 to ¥2,517,093,292.85, reflecting a growth of about 1.7% [65] - The total owner's equity increased from ¥4,110,354,376.01 to ¥4,140,532,374.63, a rise of approximately 0.7% [65] - The company's short-term borrowings increased by 33.60% compared to the beginning of the period, due to new short-term bank loans [26] - Total liabilities amounted to ¥1,746,819,825.56, down from ¥1,971,812,846.47 in the previous period, showing a decrease of about 11.4% [72] Cash Flow - The net cash flow from operating activities was negative at -¥679,036,774.41, worsening by 46.94% compared to -¥462,131,594.84 in the same period last year [8] - The cash flow from financing activities shows a net inflow of 10,986,827.07, compared to 153,498,814.51 in the previous period, reflecting a decrease of about 92.8% [96] - Cash inflow from investment activities is 492,999,363.92, compared to 417,538,662.19 in the previous period, marking an increase of about 18.0% [96] - Cash outflow from investment activities is 306,642,073.96, down from 362,392,460.18 in the previous period, indicating a decrease of approximately 15.4% [96] - The cash flow from financing activities generated CNY 19,000,000.00, down from CNY 149,981,754.78, indicating a decrease of 87.3% [104] Operational Metrics - Operating costs rose by 56.61% year-on-year, driven by revenue growth and increased freight costs [30] - Research and development expenses increased by 30.43% year-on-year, reflecting heightened investment in R&D [32] - The company achieved sales revenue of 1,122,513,674.68 from the sale of goods and services, compared to 713,147,856.38 in the previous period, representing an increase of approximately 57.3% [90] - The company’s construction in progress increased by 69.07% compared to the beginning of the period, due to increased investment in expansion projects [25] - The company’s prepayments increased by 102.80% compared to the beginning of the period, mainly due to increased advance payments for materials [24] Strategic Focus - The company is focused on expanding its market presence and enhancing product development strategies [54] - The financial report indicates a strategic emphasis on improving liquidity and managing receivables effectively [54] - The company plans to continue monitoring market trends to inform future business strategies and product innovations [54] - The company engaged in multiple investor relations activities, including site visits and phone communications, throughout January and March 2021 [49][52] Other Financial Information - The company reported government subsidies recognized in the current period amounting to ¥3,287,730.73 [8] - The weighted average return on net assets was 1.09%, an increase of 0.82% from 0.27% in the previous year [8] - The company did not report any non-recurring gains or losses that would be classified as regular operating income [12] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period [48] - There were no violations regarding external guarantees during the reporting period [46]

Financial Performance - The company's operating revenue for 2020 was ¥6,737,030,537.44, representing a 28.20% increase compared to ¥5,255,131,407.17 in 2019[23] - The net profit attributable to shareholders for 2020 was ¥817,195,275.19, an increase of 86.01% from ¥439,319,617.56 in 2019[23] - The net profit after deducting non-recurring gains and losses was ¥801,546,057.42, up 86.57% from ¥429,626,378.92 in the previous year[23] - The basic earnings per share for 2020 was ¥2.54, an increase of 82.73% compared to ¥1.39 in 2019[23] - The weighted average return on net assets was 22.84%, up from 15.21% in 2019, reflecting a 7.63% increase[23] - Total assets increased by 36.49% to ¥6,759,417,402.68 compared to ¥4,952,407,279.57 in the previous year[26] - Net assets attributable to shareholders rose by 29.87% to ¥3,987,735,411.18 from ¥3,070,501,796.62[26] - The company's gross profit margin for the construction hardware industry was 39.48%, slightly down by 0.44% from the previous year[80] - The revenue from home products surged by 72.12% to ¥966,369,251.65, increasing its share of total revenue to 14.34%[76] - The company reported a significant increase in revenue from other construction hardware products, which rose by 113.09% to ¥942,120,113.88[76] Cash Flow and Dividends - The net cash flow from operating activities was ¥500,769,751.84, a decrease of 19.05% from ¥618,630,266.16 in 2019[23] - The company plans to distribute a cash dividend of ¥5.50 per 10 shares based on a total of 321,540,000 shares[6] - The cash dividend for 2020 is set to be distributed based on a total share capital of 321,540,000 shares[182] - The cash dividend for 2019 was 1.50 CNY per 10 shares, amounting to 48,231,000.00 CNY, which represented 10.98% of the net profit attributable to ordinary shareholders[178] - The company's total distributable profit for 2020 was 2,474,418,012.79 CNY, with the cash dividend representing 100% of the profit distribution[182] Business Operations and Strategy - The company has not reported any changes in its main business since its listing[21] - There are no changes in the controlling shareholders since the company's listing[21] - The company emphasizes the importance of market conditions in achieving future operational goals, highlighting potential risks[6] - The company has expanded its product line to include smart locks and other smart home products, enhancing its market presence[41] - The company maintains a direct sales model supplemented by online sales platforms, ensuring a strong market position[42] - The company is recognized as one of the largest manufacturers in the domestic architectural hardware industry, with products used in major infrastructure projects[41] - The company aims to expand its product line through mergers and strategic partnerships in complementary industries[58] - The company is focused on expanding its market presence and integrating high-quality industry resources to strengthen its competitive advantage[68] Research and Development - In 2020, the company obtained 14 invention patents and over 100 other patents, with a total of approximately 700 patents, positioning it as a leader in the industry[59] - The company actively participated in the compilation of 24 national or industry standards in 2020, contributing to nearly 200 standards cumulatively[59] - The company has received multiple honors for its R&D and innovation, including being recognized as a high-tech enterprise since 2009[60] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[163] Market Expansion and Sales - The company has established 12 overseas warehouses to replicate domestic storage sales models, enhancing responsiveness to customer supply needs[52] - The company has a sales network exceeding 600 points and a sales team of over 5,000 people, covering all prefecture-level cities in China except Tibet[52] - The company has developed new products such as smart locks, sealing strips, and fresh air systems, contributing to revenue growth[68] - The company plans to continue its strategic layout in the intelligent home and security product sectors, leveraging its core business in building hardware[143] - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region over the next two years[169] Financial Investments and Assets - The company’s long-term borrowings increased to ¥60,785,854.47, up from ¥2,400,476.12 at the beginning of the year, reflecting a rise of 0.85% in total assets[105] - The company’s short-term borrowings also increased to ¥43,471,097.16, compared to ¥21,016,835.23 at the start of the year, marking a rise of 0.22%[105] - The company reported a total of ¥158,664,995.58 invested in the Tangxia Jianlang Hardware expansion project, with a cumulative investment of ¥241,345,039.38[116] - The company has established measures to ensure compliance with legal and regulatory requirements regarding share transfers and disclosures[191] Risk Management - The company emphasizes the importance of market conditions in achieving future operational goals, highlighting potential risks[6] - The company has implemented measures to mitigate risks associated with overseas business, including flexible contract terms and increased collection efforts[153] - The company’s main raw materials, including stainless steel, aluminum alloy, and zinc alloy, constituted approximately 67.39% to 68.9% of production costs over the past three years, indicating vulnerability to price fluctuations[154] Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[169] - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million RMB allocated for potential deals[163] - New product launches are expected to contribute an additional 200 million RMB in revenue in the upcoming quarter[163]

Financial Performance - Operating revenue for the period reached CNY 1,921,739,117.23, up 29.31% year-on-year[8] - Net profit attributable to shareholders increased by 81.96% to CNY 270,585,971.96 compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses rose by 89.48% to CNY 264,516,898.34[8] - Basic earnings per share increased by 82.61% to CNY 0.84[8] - Net profit for the quarter was ¥272,612,718.92, representing a 86.9% increase from ¥145,778,922.26 in the previous year[71] - The company reported a net profit of approximately ¥585.17 million, compared to ¥275.00 million, representing an increase of 112.5%[95] - Total comprehensive income for the current period is CNY 274,501,558.00, compared to CNY 146,472,703.20 in the previous period, indicating a growth of approximately 87.5%[75] - The net profit attributable to the parent company was approximately ¥501.77 million, compared to ¥269.36 million in the previous period, representing an increase of 86.1%[89] Asset and Liability Changes - Total assets increased by 28.67% to CNY 6,372,353,154.06 compared to the end of the previous year[8] - The company's total assets increased to ¥5,828,941,274.81, compared to ¥4,734,660,558.09, marking a growth of 23.1%[65] - The total liabilities of the company as of September 30, 2020, were CNY 2,615,917,754.79, compared to CNY 1,791,355,329.89 at the end of 2019, which is an increase of approximately 46.0%[56] - Non-current liabilities totaled ¥84,613,785.21, significantly up from ¥13,989,538.42, indicating a substantial increase in long-term financial obligations[65] - Total liabilities reached CNY 1,791,355,329.89, with current liabilities at CNY 1,755,018,478.49[120] Cash Flow and Investments - Cash flow from operating activities showed a net increase of 14.72% to CNY 242,271,195.58[8] - Net cash flow from operating activities increased by 31.52% year-on-year, primarily due to increased cash receipts from sales[19] - Cash flow from operating activities resulted in a net outflow of -CNY 51,747,978.92, compared to -CNY 12,014,253.85 last year[110] - Investment cash inflow amounted to CNY 246,749,830.88, significantly higher than CNY 106,487,278.43 in the previous period[104] - Net cash flow from investment activities was -CNY 61,944,061.56, an improvement from -CNY 159,229,642.80 year-over-year[104] Shareholder Information - The company reported a total of 9,412 shareholders at the end of the reporting period[12] - The largest shareholder, Bai Baokun, holds 37.74% of the shares, totaling 121,333,973 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[16] Inventory and Receivables - Accounts receivable increased by 96.66% compared to the beginning of the period, primarily due to sales growth and seasonal factors affecting cash collection[19] - Inventory grew by 31.23% compared to the beginning of the period, driven by increased stocking in response to sales growth[19] - The total amount of receivables, including accounts receivable, was CNY 1,100,709,279.02, highlighting the company's credit management[126] Research and Development - Research and development expenses for the quarter were ¥75,328,644.90, slightly up from ¥71,646,271.55, indicating continued investment in innovation[68] - Research and development expenses rose to CNY 59,104,777.14 from CNY 54,263,279.36, marking an increase of about 9.5%[75] - Research and development expenses were approximately ¥149.39 million, slightly up from ¥139.50 million, indicating a growth of 7.0%[92] Financial Management and Risks - The company has established a management system for forward foreign exchange contracts to effectively control risks[33] - The independent directors believe that engaging in forward foreign exchange contracts will help stabilize costs and reduce financial expenses, aligning with the interests of the company and its shareholders[33] - There are no significant changes in accounting policies or principles regarding derivatives compared to the previous reporting period[33] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[75] - The North China production base project is under construction, expected to be completed by the end of the year, enhancing product delivery capabilities in the region[23]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,597,691,084.50, representing a 24.36% increase compared to CNY 2,088,778,770.90 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 231,188,229.16, a significant increase of 91.60% from CNY 120,658,986.04 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 226,531,563.27, up 90.96% from CNY 118,627,339.80 in the same period last year[20]. - The basic earnings per share increased to CNY 0.72, reflecting an increase of 89.47% compared to CNY 0.38 in the previous year[20]. - The total assets of the company at the end of the reporting period were CNY 5,728,049,829.88, a 15.66% increase from CNY 4,952,407,279.57 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 3,386,439,845.54, which is a 10.29% increase from CNY 3,070,501,796.62 at the end of the previous year[20]. - The net cash flow from operating activities was CNY -367,616,340.05, showing an improvement of 6.75% compared to CNY -394,227,978.12 in the same period last year[20]. - The weighted average return on net assets was 7.22%, an increase of 2.86% from 4.36% in the previous year[20]. Investment and Expansion - The company plans not to distribute cash dividends or issue bonus shares[4]. - Future operational plans and targets are subject to market conditions and uncertainties, and investors are advised to pay attention to investment risks[4]. - The company reported a non-operating income of 4,656,665.89, with significant contributions from government subsidies and investment income from financial assets[26]. - The company's construction hardware business remains stable, focusing on mid-to-high-end products, with expansions into smart home and safety products[29][30]. - The company's in-progress construction assets increased by 73.56% compared to the beginning of the year, primarily due to increased investment in factory construction[36]. - The company has completed 15 national or industry standards during the reporting period, contributing to its competitive advantage[32]. - The company holds nearly 800 patents, including 5 invention patents and 37 other patents in the reporting period[32]. - The company is actively expanding its international market presence, particularly in countries related to the "Belt and Road" initiative[40]. - The company plans to continue expanding its product line and integrating advantageous resources through strategic investments and collaborations[54]. - The company has established a comprehensive "research, production, supply, and sales" intelligent management platform to enhance product supply capabilities[44]. Sales and Market Presence - The total revenue from the construction hardware industry was ¥2,578,131,831.67, accounting for 99.25% of total operating revenue, with a year-on-year growth of 24.16%[63]. - Domestic sales contributed ¥2,322,655,019.92, representing 89.41% of total revenue, with a year-on-year increase of 23.73%[66]. - The company has over 500 domestic and international sales outlets, enhancing its channel construction[59]. - The company’s overseas revenue accounted for 10.59% of total sales, with potential impacts from ongoing global pandemic conditions[131]. Financial Management - The company reported a significant increase in other construction hardware products, with revenue rising by 137.53% to ¥405,036,658.84[66]. - The company's financial expenses decreased significantly by 61.06% to -¥814,927.09, mainly due to foreign exchange gains[62]. - The total investment amount for the reporting period was ¥172,510,528.09, a decrease of 7.77% compared to ¥187,039,101.13 in the same period last year[77]. - The company reported a total of ¥139,975,092.10 in restricted assets due to bank guarantees and acceptance bills[74]. - The company’s cash and cash equivalents at the end of the reporting period were ¥15,535,165.81, primarily restricted due to guarantees[74]. - The company’s total financial liabilities remained at ¥0.00, indicating no financial debt[73]. Shareholder Information - The company held its first extraordinary shareholders' meeting on March 17, 2020, with a participation rate of 68.59%[134]. - The annual shareholders' meeting took place on May 20, 2020, with a participation rate of 70.02%[134]. - The company has completed a share repurchase of 7,346,198 shares, accounting for 2.29% of the total share capital, at a price of 13.61 CNY per share[146]. - The largest shareholder, Bai Baokun, holds 37.74% of the shares, totaling 121,333,973 shares[191]. - The second-largest shareholder, Yan Guilin, holds 8.78% of the shares, totaling 28,215,135 shares[191]. - The company has a total of 8,552 shareholders holding more than 5% of the shares as of the end of the reporting period[191]. Risk Management - The company has established a risk management system for derivative investments to mitigate market and liquidity risks[89]. - The company faces risks from fluctuations in the prices of key raw materials, which accounted for 66.91%, 67.39%, and 68.90% of production costs over the past three years[127]. - The company has no high-risk entrusted financial management situations that could lead to impairment[168]. Compliance and Governance - The company strictly adheres to environmental protection laws and has obtained ISO14001:2004 environmental management system certification[172]. - There were no significant litigation or arbitration matters during the reporting period[140]. - The semi-annual financial report has not been audited[136]. - The company has not reported any significant matters requiring explanation during the reporting period[177].

Revenue and Profitability - Revenue for Q1 2020 was CNY 799,939,059.78, a decrease of 0.15% compared to CNY 801,177,553.29 in the same period last year[8]. - Net profit attributable to shareholders increased by 22.78% to CNY 8,275,371.23 from CNY 6,740,098.96 year-on-year[8]. - Basic earnings per share rose by 50.00% to CNY 0.03 from CNY 0.02 in the previous year[8]. - Total operating revenue for Q1 2020 was CNY 799,939,059.78, a slight decrease of 0.3% from CNY 801,177,553.29 in Q1 2019[73]. - The company's net profit for the current period is 9,273,928.62, an increase of 32.0% compared to 7,019,045.07 in the previous period[78]. - The total profit for the current period is 10,007,379.09, up 31.5% from 7,598,308.52 in the previous period[78]. - The operating income for the current period is 744,850,155.00, a decrease of 2.4% from 761,439,037.27 in the previous period[83]. - The operating profit for the current period is 10,911,653.48, an increase of 42.5% compared to 7,666,296.82 in the previous period[78]. - The basic earnings per share for the current period is 0.03, up from 0.02 in the previous period[82]. Cash Flow and Financial Activities - Net cash flow from operating activities decreased by 41.04% to CNY -462,131,594.84 compared to CNY -327,656,165.54 in the same period last year[8]. - The net cash flow from operating activities decreased by 41.35% compared to the same period last year, primarily due to an increase in operating expenses[31]. - The net cash flow from investing activities increased by 167.74% compared to the same period last year, mainly due to the recovery of financial investments[32]. - The net cash flow from financing activities decreased by 45.21% compared to the same period last year, primarily due to a reduction in short-term borrowings[33]. - The company's cash flow from operating activities is 713,147,856.38, an increase from 652,756,251.83 in the previous period[90]. - The net cash flow from operating activities was -462,131,594.84, compared to -327,656,165.54 in the previous period, indicating a decline in operational performance[93]. - Total cash inflow from investment activities was 417,538,662.19, significantly higher than 23,763,349.32 in the previous period, showing improved investment recovery[93]. - The net cash flow from financing activities was 153,498,814.51, down from 280,165,846.09 in the previous period, reflecting reduced financing activities[96]. - The total cash and cash equivalents at the end of the period were 364,613,285.39, compared to 268,584,929.30 in the previous period, indicating an increase in liquidity[96]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,848,266,206.31, down 2.10% from CNY 4,952,407,279.57 at the end of the previous year[8]. - The company's total assets as of March 31, 2020, were CNY 4,677,883,882.18, a decrease from CNY 4,734,660,558.09 at the end of 2019[69]. - Current assets totaled CNY 3,381,932,473.79, down from CNY 3,456,258,810.59 at the end of 2019, representing a decline of approximately 2.2%[68]. - The total liabilities decreased to CNY 1,476,882,345.59 from CNY 1,661,133,165.29, indicating a reduction of about 11.1%[72]. - The company's equity increased to CNY 3,201,001,536.59 from CNY 3,073,527,392.80, showing an increase of approximately 4.1%[72]. - Total liabilities reached CNY 1,791,355,329.89, with current liabilities accounting for CNY 1,755,018,478.49[105]. - Shareholders' equity totaled CNY 3,161,051,949.68, with retained earnings at CNY 1,705,453,737.60[105]. Operational Performance - Cash and cash equivalents decreased by 36.27% compared to the beginning of the period due to increased operating expenses[21]. - Total operating costs for Q1 2020 were CNY 776,659,101.79, down from CNY 780,428,908.56 in the previous year, indicating a cost reduction of approximately 0.9%[75]. - Research and development expenses increased to CNY 47,623,267.76 in Q1 2020, compared to CNY 46,336,994.70 in Q1 2019, reflecting a growth of 2.8%[75]. - The company reported a net investment loss of CNY 2,371,263.79 in Q1 2020, compared to a loss of CNY 563,182.52 in the same period last year[75]. - The company incurred a credit impairment loss of -8,717,081.37, compared to -13,702,342.28 in the previous period[86]. - The company has reported a significant increase in interest income to 2,324,354.20 from 1,003,817.86 in the previous period[83]. Shareholder and Investor Relations - The company repurchased a total of 7,346,198 shares, accounting for 2.29% of the total share capital, at a price of 13.61 CNY per share[37]. - The company has established a first employee stock ownership plan, which will have a lock-up period of up to 36 months with staggered unlocking ratios of 40%, 30%, and 30%[37]. - The company has been actively engaging with institutional investors through multiple communication sessions in March 2020, indicating a focus on investor relations[52]. Compliance and Risk Management - The company has implemented a forward foreign exchange management system to mitigate exchange rate risks[46]. - There were no violations regarding external guarantees during the reporting period[47]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[48]. - The company has not undergone an audit for the first quarter report[113]. - The company is implementing new revenue and leasing standards starting from 2020, with no retrospective adjustments made[113].

Financial Performance - The company reported a total revenue of 3.2154 billion RMB for the year 2019, with a year-on-year growth of 15%[5]. - The net profit attributable to shareholders was 321.54 million RMB, representing an increase of 12% compared to the previous year[5]. - The company's operating revenue for 2019 was ¥5,255,131,407.17, representing a 36.37% increase compared to ¥3,853,480,246.44 in 2018[6]. - The net profit attributable to shareholders for 2019 was ¥439,319,617.56, a significant increase of 155.23% from ¥172,125,959.51 in 2018[6]. - The net cash flow from operating activities reached ¥618,630,266.16, a remarkable increase of 1,828.45% compared to ¥32,079,199.75 in 2018[6]. - The basic earnings per share for 2019 was ¥1.39, reflecting a 157.41% increase from ¥0.54 in 2018[6]. - The company anticipates a revenue growth of 10-15% for 2020, driven by new product launches and market expansion strategies[5]. Dividend Policy - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling approximately 48.23 million RMB[5]. - The total cash dividends for 2019, including share repurchase amounts, is RMB 148,196,688.29, representing 33.73% of the net profit attributable to ordinary shareholders[170]. - The company has maintained its cash dividend policy in accordance with the provisions of the Articles of Association and the three-year dividend return plan (2019-2021)[165]. - The company reported a net profit of RMB 439,319,617.56 for 2019, with cash dividends representing 10.98% of this profit[170]. - The company plans to distribute cash dividends of RMB 48,231,000.00 for the year 2019, which accounts for 10.98% of the net profit attributable to ordinary shareholders[167]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2021[5]. - The company is focusing on international market expansion, particularly in countries related to the "Belt and Road" initiative[47]. - The company is actively developing new markets, including affordable housing and renovation markets, while also focusing on expanding its presence in third and fourth-tier cities[146]. - The company aims to become one of the world's largest integrated suppliers of building accessories by 2020, focusing on high-end building accessory research, manufacturing, and sales[141]. Research and Development - The company has invested 100 million RMB in R&D for new technologies aimed at enhancing product efficiency and sustainability[5]. - The number of R&D personnel increased to 1,357 in 2019, up 11.05% from 1,222 in 2018[86]. - The company has accumulated over 700 patents, with 14 new invention patents granted during the reporting period[85]. - The company is committed to increasing R&D investment to enhance its technological capabilities and product competitiveness, particularly in the core areas of door and window hardware[144]. Acquisitions and Investments - Strategic acquisitions are planned to enhance supply chain capabilities, with a budget of 200 million RMB allocated for potential targets in the next fiscal year[5]. - The company has established two new subsidiaries: Tianjin Jinpeng Pipe Industry Development Co., Ltd. and Jianlang Hardware (Mexico) Co., Ltd., enhancing brand influence and market presence[135]. - The company has ongoing projects in the metal manufacturing industry, with a total investment of CNY 82,680,043.80 for the Tangxia Jinlang hardware expansion project[110]. Financial Health and Assets - The total assets at the end of 2019 amounted to ¥4,952,407,279.57, which is a 22.90% increase from ¥4,029,658,072.67 at the end of 2018[6]. - Cash and cash equivalents increased by 47.16% year-on-year, driven by higher cash collections from sales and reduced operational investments[45]. - The company's cash and cash equivalents at the end of 2019 amounted to ¥657,196,609.02, representing 13.27% of total assets, up from 11.08% at the beginning of the year[96]. Risk Management - Risk management strategies have been implemented to address potential market fluctuations, ensuring business continuity and stability[5]. - The company acknowledges risks associated with raw material price fluctuations, with stainless steel, aluminum alloy, and zinc alloy constituting approximately 68.90% of production costs[156]. - The company faces risks related to large and rapidly growing accounts receivable, which accounted for 23.07% of total revenue in the latest year[153]. Industry Trends - The construction hardware industry is experiencing a shift towards consolidation, benefiting large enterprises like the company, which is positioned in the mid-to-high-end market[41]. - The construction components industry is experiencing a trend towards consolidation and integrated supply, driven by increasing demand for high-quality products[137]. - The urbanization rate in China increased from 45.89% in 2007 to over 60% in 2019, driving demand for construction materials and related components[136].

Financial Performance - Operating revenue for the period reached CNY 1,486,109,382.14, a year-on-year increase of 32.56%[8] - Net profit attributable to shareholders increased by 73.52% to CNY 148,703,389.79 compared to the same period last year[8] - Basic earnings per share rose by 76.92% to CNY 0.46[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 139,599,614.98, an increase of 70.18% year-on-year[8] - Total operating revenue for the current period reached ¥1,486,109,382.14, an increase of approximately 32.5% compared to ¥1,121,048,859.00 in the previous period[63] - Net profit for the current period was ¥145,778,922.26, representing a significant increase of 69.8% from ¥85,962,045.03 in the previous period[66] - The net profit for the current period is 264,531,263.26 CNY, compared to 115,157,554.06 CNY in the previous period, representing a significant increase[80] - The total profit for the current period is 309,990,061.97 CNY, up from 128,686,864.40 CNY in the previous period[80] Assets and Liabilities - Total assets increased by 24.46% to CNY 5,015,268,023.14 compared to the end of the previous year[8] - Total liabilities increased to CNY 2,034,128,973.40, up 71.7% from CNY 1,185,592,607.84 year-over-year[49] - Total current assets amounted to CNY 3,951,450,138.57, an increase of 25.3% compared to CNY 3,153,351,275.74 on December 31, 2018[46] - The company's total equity reached ¥2,927,759,340.25, an increase from ¥2,784,141,376.73, which is a growth of about 5.2%[62] - The company's total non-current assets amounted to CNY 1,063,817,884.57, up 21.3% from CNY 876,306,796.93 at the end of 2018[46] Cash Flow - Net cash flow from operating activities surged by 717.72% to CNY 211,187,103.85[8] - Total cash inflow from operating activities was 3,164,578,214.35 CNY, compared to 1,994,192,228.61 CNY in the previous period, reflecting a 58.5% increase[90] - Cash outflow from operating activities totaled 3,347,619,088.62 CNY, up from 2,490,372,576.50 CNY, representing a 35.4% increase[90] - The company reported a net cash flow decrease of -12,642,016.61 CNY, an improvement from -419,161,266.31 CNY in the previous period[92] - The ending cash and cash equivalents balance was 385,739,703.36 CNY, compared to 218,587,620.76 CNY in the previous period, indicating a 76.7% increase[92] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,223[12] - The largest shareholder, Bai Baokun, holds 35.39% of the shares, totaling 113,789,676 shares[12] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[17] - The company repurchased a total of 7,346,198 shares, accounting for 2.29% of the total share capital, with a total expenditure of RMB 99,965,688.29[30] Research and Development - R&D expenses grew by 41.07% year-on-year, reflecting increased investment in research and development[20] - Research and development expenses for the current period were ¥71,646,271.55, compared to ¥50,976,631.47, showing an increase of approximately 40.5%[63] - Research and development expenses increased to ¥180,713,105.20 from ¥128,105,887.11, representing a growth of 41%[77] Investment Income - Investment income rose by 1437.49% year-on-year, mainly due to gains from the transfer of partial equity in an associated company[20] - The company reported an investment income of ¥8,988,587.14, a recovery from a loss of ¥1,583,332.33 in the previous period[66] - Investment income for the current period was ¥6,123,668.34, compared to ¥398,289.93 in the previous period, showing a substantial increase[77] Accounts Receivable and Inventory - Accounts receivable increased by 78.57% compared to the beginning of the year, mainly due to sales growth and seasonal factors affecting cash collection at year-end[20] - Accounts receivable increased significantly to CNY 1,778,630,094.57, up 78.6% from CNY 996,014,319.93 year-over-year[43] - Inventory reached CNY 991,189,183.41, reflecting a growth of 9.7% from CNY 903,523,634.37 at the end of 2018[43]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,088,778,770.90, representing a 31.96% increase compared to CNY 1,582,889,754.47 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2019 was CNY 120,658,986.04, a significant increase of 283.69% from CNY 31,447,265.36 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 118,627,339.80, up 345.27% from CNY 26,641,545.76 in the same period last year[24]. - The basic earnings per share for the first half of 2019 was CNY 0.38, an increase of 280.00% compared to CNY 0.10 in the previous year[24]. - The total assets at the end of the reporting period were CNY 4,617,082,924.63, reflecting a 14.58% increase from CNY 4,029,658,072.67 at the end of the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were CNY 2,745,935,316.28, showing a slight decrease of 0.34% from CNY 2,755,406,125.21 at the end of the previous year[24]. - The net cash flow from operating activities for the first half of 2019 was CNY -394,227,978.12, an improvement of 14.67% compared to CNY -461,991,980.92 in the same period last year[24]. - The weighted average return on net assets was 4.36%, an increase of 3.16 percentage points from 1.20% in the previous year[24]. Investment and Assets - The company's intangible assets increased by 45.76% compared to the beginning of the year, primarily due to land investment for expansion projects[40]. - The company's construction in progress increased by 167.77% compared to the beginning of the year, mainly due to increased investment in factory construction[40]. - Accounts receivable grew by 56.49% compared to the beginning of the year, attributed to sales growth[40]. - Inventory increased by 12.82% compared to the beginning of the year, driven by sales growth and stocking needs[40]. - Cash and cash equivalents at the end of the reporting period amounted to ¥325,961,358.83, representing 7.06% of total assets, an increase from 5.91% in the previous year[77]. - Accounts receivable totaled ¥1,558,667,736.33, accounting for 33.76% of total assets, a decrease of 2.67% compared to the previous year[77]. - Inventory reached ¥1,019,364,527.52, making up 22.08% of total assets, with no significant change from the previous year[77]. - The company's intangible assets increased to ¥227,653,870.92, accounting for 4.93% of total assets, primarily due to investments in land for expansion projects[77]. - The company's construction in progress amounted to ¥70,018,371.23, representing 1.52% of total assets, attributed to increased investment in factory construction[77]. Market Position and Strategy - The company is positioned as one of the largest manufacturers in the domestic mid-to-high-end building hardware market, with a strong competitive advantage in product design, production scale, and technology level[36]. - The company has expanded its product line to include smart locks and other smart home products, entering new business areas such as security and fire protection materials[33]. - The company has established subsidiaries in countries along the "Belt and Road" initiative, including India, Vietnam, Indonesia, Malaysia, and Thailand, to enhance its market presence[60]. - The company aims to integrate high-end foreign brands to meet the demand for upgraded consumer products[66]. - The company is focusing on expanding its market share in the Middle East and other regions through local management and reduced delivery times[47]. - The company has nearly 500 sales outlets domestically and internationally, enhancing its channel construction[66]. - The company has a strong brand presence with multiple well-known brands in the construction hardware industry, enhancing its market competitiveness[52]. Research and Development - Research and development investment increased by 41.41% to ¥109,066,833.65 from ¥77,129,255.64 in the previous year[70]. - The company holds over 700 patents, including 8 invention patents and 28 other patents obtained in the first half of 2019[36]. - The company has received over 30 new patents during the reporting period, including 8 invention patents, bringing the total to approximately 700 patents, positioning it as a leader in the industry[53]. - The company participated in the compilation of 5 national or industry standards in the first half of 2019, contributing to a total of over 180 standards[36]. - The company is actively involved in the formulation of national and industry standards, having completed over 150 standards as a primary or participating editor[53]. Risks and Challenges - The company faces various risks and uncertainties that may affect its future operations and financial performance, as detailed in the report[5]. - The company is actively addressing risks associated with investment decisions, focusing on high-quality enterprises to mitigate potential negative impacts on overall performance[122]. - The company aims to expand its marketing network in line with urbanization trends, but faces risks if new market expansions do not meet expectations[119]. - The company reported a net profit of RMB -1.59 million for its subsidiary Guangdong Jianyi Jia Hardware Products Co., Ltd., indicating challenges in profitability[109]. Corporate Governance and Shareholder Information - The company held three shareholder meetings during the reporting period, with participation rates of 74.18%, 74.58%, and 74.91% respectively[125]. - The total number of ordinary shareholders at the end of the reporting period was 15,164, with significant shareholders holding over 5%[178]. - The largest shareholder, Bai Baokun, holds 35.39% of the shares, totaling 113,789,676 shares[178]. - Bai Baokun and Bai Baoping are siblings, and Bai Baokun is the actual controller of the company[181]. - The total number of restricted shares at the end of the period was 160,433,667, with 241,155,000 shares released from restrictions during the reporting period[174]. - The company has a significant number of shares held by management, with various executives having their shares released from restrictions[174]. Compliance and Legal Matters - The half-year financial report has not been audited[127]. - There were no significant litigation or arbitration matters during the reporting period[131]. - The company reported no external guarantees during the reporting period[147]. - The company has not provided any guarantees for entities with a debt-to-asset ratio exceeding 70%[151]. - The company has no significant environmental issues and complies with relevant environmental regulations[156]. - The company has not engaged in any poverty alleviation work during the reporting period and has no subsequent plans[157]. Share Repurchase and Capital Structure - The company repurchased a total of 7,346,198 shares, accounting for 2.29% of the total share capital before the repurchase plan, with a total expenditure of approximately ¥99.97 million[171]. - The maximum and minimum repurchase prices were ¥15.99 and ¥11.61 per share, respectively[171]. - As of April 29, 2019, the repurchase plan has been fully implemented[171]. - The company did not engage in any repurchase agreements during the reporting period[182]. - There was no change in the controlling shareholder during the reporting period[183]. - There was no change in the actual controller during the reporting period[184]. - The company does not have any preferred shares[187].