Financial Performance - The company's revenue for Q3 2022 was ¥2,159,651,883.55, representing a decrease of 12.86% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥89,680,429.69, down 72.47% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥80,094,208.89, a decrease of 75.79% compared to the same period last year[6]. - Total operating revenue for the current period is ¥5,408,355,229.16, a decrease of 9.3% compared to ¥5,965,845,116.76 in the previous period[49]. - Net profit for the current period is ¥13,489,272.70, a significant decrease from ¥733,943,511.02 in the previous period[54]. - The total comprehensive income attributable to shareholders of the parent company for the current period is ¥7,451,979.45, compared to ¥705,212,429.02 in the previous period[54]. - The basic and diluted earnings per share for the current period are both ¥0.01, down from ¥2.19 in the previous period[54]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,175,683,715.83, an increase of 2.04% from the end of the previous year[6]. - As of September 30, 2022, total assets reached RMB 10.18 billion, an increase from RMB 9.97 billion at the beginning of the year, reflecting a growth of approximately 2.07%[45]. - The company's total liabilities increased to ¥5,204,048,410.92, compared to ¥4,946,410,413.18 in the previous period[47]. - The company reported a total current liability of RMB 4.59 billion, slightly up from RMB 4.55 billion, marking an increase of approximately 0.97%[45]. - Long-term borrowings increased to RMB 376.48 million from RMB 169.47 million, reflecting a significant rise of about 121.5%[45]. - The company's total equity increased to RMB 5.59 billion, up from RMB 5.43 billion, indicating a growth of approximately 2.93%[45]. - Total equity attributable to shareholders of the parent company decreased to ¥4,763,050,525.91 from ¥4,794,148,245.58[47]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥65,582,978.36, a significant improvement of 87.37% compared to the same period last year[6]. - Cash flow from operating activities increased to ¥5,665,392,760.71, compared to ¥4,608,164,426.79 in the previous period[55]. - The net cash inflow from operating activities was 5,760,736,611.56, an increase from 4,653,295,425.39 in the previous period[58]. - The net cash outflow from operating activities was 65,582,978.36, improving from a net outflow of 519,133,123.41 in the previous period[58]. - The cash and cash equivalents at the end of the period were 1,077,716,502.15, up from 537,746,570.59 in the previous period[61]. Investments and Shareholder Information - Long-term equity investments increased by 67.73% compared to the end of the previous year, primarily due to increased investments in joint ventures[14]. - The company's long-term borrowings increased by 122.16% compared to the end of the previous year, mainly due to financing for construction projects[24]. - The number of ordinary shareholders at the end of the reporting period was 24,570[30]. - The top shareholder, Bai Baokun, held 37.41% of the shares, totaling 120,283,973 shares[30]. - The company has not disclosed any significant changes in shareholder relationships or actions among the top shareholders[33]. Operational Costs and Expenses - Total operating costs increased to ¥5,320,602,502.66, up 5.9% from ¥5,022,435,345.48 in the previous period[52]. - Research and development expenses for the current period were ¥219,278,985.91, slightly down from ¥225,937,262.25 in the previous period[52]. - The company reported a significant increase in sales expenses to ¥936,944,474.33, up from ¥742,340,400.05 in the previous period[52]. Future Plans and Developments - The company plans to invest RMB 2 billion in the construction of smart home and smart security product manufacturing projects in Dongguan, focusing on facial recognition and AI integration[38]. - The company is actively developing new technologies and products in the smart home sector, aiming to enhance its market position[38].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,248,703,345.61, a decrease of 6.84% compared to the same period last year[29]. - The net profit attributable to shareholders of the listed company was a loss of CNY 85,291,060.32, representing a decline of 122.50% year-on-year[29]. - The net cash flow from operating activities was a negative CNY 645,733,548.08, worsening by 17.64% compared to the previous year[29]. - Basic earnings per share were reported at -0.27 CNY, a decrease of 122.88% from 1.18 CNY in the same period last year[29]. - Total assets at the end of the reporting period were CNY 9,780,932,253.29, down 1.92% from the end of the previous year[29]. - The net assets attributable to shareholders of the listed company decreased by 3.28% to CNY 4,637,095,282.27 compared to the end of the previous year[29]. - The weighted average return on net assets was -1.78%, a decrease of 10.83% compared to the previous year[29]. - The cost of goods sold increased by 5.77% to ¥2,311,800,937.31 from ¥2,185,736,934.66, impacting the overall profitability[62]. - The net profit attributable to the parent company decreased by 122.5% due to reduced customer demand and increased production costs[65]. - The company reported a net cash flow from operating activities of -¥645,733,548.08, a decline of 17.64% compared to -¥548,918,043.95[65]. Revenue Breakdown - The revenue from the building hardware industry was ¥3,209,202,151.48, accounting for 98.78% of total revenue, down 6.95% from the previous year[66]. - The revenue from home products increased by 5.67% to ¥532,021,176.60, representing 16.38% of total revenue[66]. - Domestic revenue reached ¥2,943,457,394.09, accounting for 90.60% of total revenue, with a year-over-year decrease of 8.15%[69]. - International revenue was ¥305,245,951.52, representing 9.40% of total revenue, showing a year-over-year increase of 7.99%[69]. - The construction hardware industry generated ¥3,209,202,151.48 in revenue, down 6.95% year-over-year, with a gross margin of 28.86%[69]. - The window and door hardware system segment reported revenue of ¥1,501,766,785.64, a decrease of 16.69% year-over-year, with a gross margin of 37.55%[69]. - The gross margin for the home products segment was 24.33%, with a year-over-year increase in revenue of 5.67%[69]. Investments and Acquisitions - The total investment amount for the reporting period was ¥200,398,719.14, a decrease of 15.98% compared to the same period last year, which was ¥238,526,602.55[82]. - The company made significant equity investments totaling ¥170,112,550.00, with notable investments including ¥81,402,750.00 in Tianjin Zhonghe Rubber Co., Ltd. (29.90% stake) and ¥25,000,000.00 in Badige New Building Materials Co., Ltd. (50.00% stake)[85]. - The ongoing major non-equity investment in the Tangxia Jianlang project has a cumulative actual investment amount of ¥567,534,574.83, with a project progress of 92.28%[87]. - The company aims to enhance its market presence through strategic acquisitions and partnerships in complementary industries[51]. - The company plans to increase merger and acquisition efforts to achieve strategic goals, although integration risks remain[105]. Research and Development - Research and development expenses were ¥143,323,950.98, a slight increase of 0.66% from ¥142,381,411.45[65]. - The company has received 4 invention patents and over 30 other patents during the reporting period, with a total of over 1,000 patents[54]. - The company is leveraging information technology and big data to improve its R&D management and product development processes[54]. Environmental Compliance - The company reported a total pollutant discharge of 3.1 tons of particulate matter in the first half of the year, which is below the approved discharge limit of 13.879 tons per year[123]. - The sulfur dioxide emissions were recorded at 0.0702 tons for the half-year period, significantly lower than the annual limit of 0.1919 tons[123]. - Nitrogen oxides emissions amounted to 0.196 tons in the first half of the year, well within the annual limit of 0.4523 tons[123]. - The company achieved a VOCs discharge of 1.4276 tons, compared to the annual limit of 4.7568 tons[123]. - The company’s wastewater treatment facilities are operating normally, ensuring that all wastewater discharges meet the standards set by the Guangdong Province[127]. - Solid waste management procedures are in place, with hazardous waste being collected and disposed of by qualified companies[131]. - The company has implemented various air pollution control technologies, including wet dust removal and catalytic combustion systems, all achieving standard emissions[126]. - The company has established a solid waste management control program to ensure proper collection, storage, and disposal of waste materials[131]. - Environmental impact assessments for new and expanded projects are conducted in accordance with regulations, ensuring compliance with environmental protection standards[132]. Corporate Governance - The company held its first extraordinary shareholders' meeting in 2022 with a participation rate of 71.08%[115]. - The company did not distribute cash dividends or bonus shares for the half-year period[115]. - The company has no significant litigation or arbitration matters during the reporting period[158]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[152]. - The company has not engaged in any major related party transactions during the reporting period[159]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[157]. - The company has no significant guarantees or collateral arrangements during the reporting period[177]. - The company has not made any asset or equity acquisitions or sales during the reporting period[162]. - The company has not reported any major contracts or leasing matters during the reporting period[169]. Employee Engagement - The company has established a comprehensive performance management system to enhance employee engagement and skill development[143]. - A total of 245 employees participated in the employee stock ownership plan, holding 4,407,735 shares, which is 1.37% of the company's total equity[119]. - The financial director held 36,000 shares, representing 0.01% of the company's total equity[119]. - The company has established over 80 Hope Schools since 2007, contributing more than 3 million CNY in donations during the reporting period[148]. - The company donated to more than 10 Hope Schools and set up scholarships at 3 universities during the reporting period[148].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,292,081,788.46, representing a 3.93% increase compared to CNY 1,243,227,560.70 in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 89,436,019.53, a decrease of 309.57% from a profit of CNY 42,675,280.06 in the previous year[5]. - The basic earnings per share for the quarter was -CNY 0.28, down 315.38% from CNY 0.13 in the same period last year[5]. - Operating profit for the quarter was a loss of CNY 96,448,316.42, compared to a profit of CNY 55,246,792.32 in the same period last year[31]. - The total profit (loss) for the period was -94,382,720.36, compared to a profit of 56,120,252.89 in the previous period[34]. - The net profit (loss) attributable to the parent company was -89,436,019.53, down from 42,675,280.06 in the previous period[34]. - The basic and diluted earnings per share were both -0.28, compared to 0.13 in the previous period[37]. - The company reported a net loss attributable to shareholders of CNY 96,448,316.42 for the quarter, compared to a profit in the previous year[31]. Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 696,139,030.89, showing a 2.52% decline compared to -CNY 679,036,774.41 in the previous year[5]. - Cash flow from operating activities was -696,139,030.89, slightly worse than -679,036,774.41 in the previous period[39]. - Cash flow from investing activities resulted in a net outflow of -176,911,059.87, compared to a net inflow of 186,357,289.96 in the previous period[40]. - Cash flow from financing activities showed a net inflow of 91,274,106.33, up from 10,986,827.07 in the previous period[40]. - The company reported cash and cash equivalents at the end of the period amounting to 699,383,108.28, compared to 477,428,640.82 at the end of the previous period[40]. - The company reported a 52.16% decrease in cash and cash equivalents compared to the beginning of the period, primarily due to increased operational and investment expenditures[12]. - Cash and cash equivalents decreased to CNY 728,046,653.44 from CNY 1,521,684,922.97, a decline of approximately 52.1%[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,064,317,102.09, a decrease of 9.11% from CNY 9,972,675,836.72 at the end of the previous year[7]. - Total assets decreased to CNY 9,064,317,102.09 from CNY 9,972,675,836.72, a reduction of about 9.1%[21]. - Total liabilities decreased to CNY 4,105,819,002.86 from CNY 4,946,410,413.18, a decline of approximately 17%[28]. Operational Metrics - Total operating costs increased to CNY 1,375,233,695.57 from CNY 1,169,360,253.19, marking a rise of about 17.6%[31]. - Accounts receivable increased to CNY 3,635,817,851.79 from CNY 3,428,536,730.26, reflecting a growth of about 6.06%[21]. - Inventory rose to CNY 1,288,382,446.83 from CNY 1,255,029,003.07, indicating an increase of approximately 2.66%[21]. - The company experienced a 338.13% decrease in net profit attributable to shareholders after deducting non-recurring gains and losses, resulting in a loss of CNY 92,943,164.42[5]. Investment and Development - The company's construction in progress increased by 52.77% compared to the beginning of the period, attributed to increased investment in factory construction[12]. - Research and development expenses for the quarter were CNY 66,036,385.14, up from CNY 62,115,575.57, an increase of about 6.2%[31]. Other Information - The company did not report any new product launches or significant market expansion strategies during this quarter[19]. - The total comprehensive income for the period was -91,146,494.93, compared to 53,682,872.44 in the previous period[34]. - The company received cash from sales of goods and services totaling 1,360,927,940.64, an increase from 1,122,513,674.68 in the previous period[37]. - The company’s other comprehensive income after tax was -1,409,580.47, compared to 3,373,313.99 in the previous period[34].

Financial Performance - The company's operating revenue for 2021 was CNY 8,806,825,398.72, representing a 30.72% increase compared to CNY 6,737,030,537.44 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 889,382,845.80, an increase of 8.83% from CNY 817,195,275.19 in 2020[28]. - The net profit after deducting non-recurring gains and losses was CNY 880,975,195.83, up 9.91% from CNY 801,546,057.42 in 2020[28]. - The basic earnings per share for 2021 was CNY 2.77, a 9.06% increase from CNY 2.54 in 2020[28]. - The total assets at the end of 2021 were CNY 9,972,675,836.72, a 47.54% increase from CNY 6,759,417,402.68 at the end of 2020[28]. - The company's cash flow from operating activities was CNY 546,362,529.25, reflecting a 9.10% increase from CNY 500,769,751.84 in 2020[28]. - The weighted average return on equity for 2021 was 20.25%, down from 22.84% in 2020[28]. - The net assets attributable to shareholders at the end of 2021 were CNY 4,794,148,245.58, a 20.22% increase from CNY 3,987,735,411.18 at the end of 2020[31]. - The company reported a total of CNY 8.41 million in non-recurring gains and losses for 2021, down from CNY 15.65 million in 2020[38]. - The company achieved a total revenue of 8.807 billion yuan in 2021, representing a year-on-year growth of 30.72%[66]. - The net profit attributable to shareholders reached 889 million yuan, an increase of 8.83% compared to the previous year[66]. - The company reported a net profit of 881 million yuan after deducting non-recurring gains, reflecting a 9.91% increase year-on-year[66]. - Total revenue for 2021 reached ¥8,806,825,398.72, a 30.72% increase from ¥6,737,030,537.44 in 2020[70]. - The construction hardware industry contributed ¥8,713,976,072.02, accounting for 98.95% of total revenue, with a year-on-year growth of 30.55%[74]. - The company reported a revenue increase of 15% year-over-year, reaching 1.5 billion RMB in Q4 2021[157]. - The company provided a positive outlook for 2022, expecting a revenue growth of 10-15%[158]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% to 1.875 billion RMB[151]. Market Expansion and Product Development - The company is expanding its product line to include smart locks and other smart home products, aiming to meet the growing demand for high-quality living[50]. - The company has established 13 overseas warehouses and has expanded its sales network to over 800 points domestically and internationally[48]. - The company aims to enhance its market presence in emerging countries along the "Belt and Road" initiative, leveraging local talent and information systems[48]. - The company continues to invest in integrated product offerings to meet diverse customer needs in the construction hardware sector[49]. - The company is focusing on expanding its market presence and enhancing brand influence in overseas markets through innovative product development[94]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[151]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 500 million RMB allocated for this purpose[151]. - The company plans to pursue strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[158]. - The company aims to enhance its market presence through the establishment of new subsidiaries in various regions[129]. - The company is focusing on expanding its product categories through new subsidiaries, which currently have a small scale[129]. - The company has expanded its international presence, establishing 13 overseas warehouses and selling products to over 100 countries, with a significant focus on "Belt and Road" countries[133]. Research and Development - Research and development expenses amounted to ¥310,082,574.77, reflecting a 15.94% increase compared to the previous year[95]. - The number of R&D personnel increased by 1.86% to 1,368, with a notable rise in the proportion of employees aged 40 and above by 26.47%[93]. - The company completed several key R&D projects, including a new fire door monitoring system and a high-pressure support technology for rail transit, both of which are expected to enhance market competitiveness[91]. - R&D investment as a percentage of operating income decreased to 3.52% from 3.97% in the previous year[95]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product performance and sustainability[191]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative hardware solutions[151]. - New product launches are anticipated to contribute an additional 200 million RMB in revenue in 2022[159]. Corporate Governance and Management - The company established a comprehensive corporate governance structure, ensuring equal rights for all shareholders, particularly minority shareholders[164]. - The board of directors consists of 11 members, including 4 independent directors, actively participating in decision-making and oversight[164]. - The company maintained financial independence with a dedicated finance department and independent financial decision-making processes[170]. - The company operates independently from its controlling shareholders, with no asset or financial intermingling[166][170]. - The company has a complete and independent business system, free from competition with its controlling shareholders[172]. - The company has established a robust internal management and control system to enhance operational efficiency[164]. - The company has a clear organizational structure with defined roles and responsibilities among its departments[171]. - The company has maintained a stable management team, with no significant changes in senior management positions during the reporting period[182]. - The company has a strong commitment to corporate governance, as evidenced by the structured changes in the board and management team[183]. Financial Position and Investments - The company reported a net loss from investment income of ¥15,490,881.94, which accounted for -1.38% of total profit[101]. - The company established Tianjin Jianlang Meisheng New Materials Co., Ltd. with an investment of 60,000,000.00 CNY, holding a 50% stake[114]. - The company also invested 100,000,000.00 CNY in Henan Jianlang Hardware Products Co., Ltd., acquiring a 100% ownership[114]. - The company reported a total of 293,480,839.03 CNY in fixed asset investments, with a cumulative actual investment of 585,340,148.61 CNY[119]. - The company’s subsidiary, Shenzhen Jianlang Haibeisi Intelligent Technology Co., Ltd., generated a net profit of 9,116.46 million CNY during the reporting period[129]. - The company invested a total of 219,500,000.00 CNY in various projects during the reporting period, with a cumulative investment loss of 1,778,353.86 CNY[114]. - The company’s investment in the Tangxia Jianlang Hardware expansion project reached 273,460,522.23 CNY, with an expected return of 83.71%[117]. Challenges and Risks - The construction hardware industry faced challenges due to the "three red lines" policy and the impact of COVID-19, with real estate development investment growing by only 4.4% in 2021[42]. - The company’s net profit was impacted by rising raw material costs, leading to a decline in gross margin and profitability despite sales growth[98]. - The company is actively addressing risks associated with new market development and potential impacts from the COVID-19 pandemic on overseas sales[144]. - The domestic real estate development investment growth rates were 9.5%, 9.9%, 7.0%, and 4.4% from 2018 to 2021, affecting the demand for building hardware[134].

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].