厦门吉宏科技股份有限公司 2020 年第一季度报告全文 厦门吉宏科技股份有限公司 2020 年第一季度报告 2020 年 04 月 1 厦门吉宏科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人庄浩、主管会计工作负责人吴明贵及会计机构负责人(会计主管 人员)詹文明声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门吉宏科技股份有限公司 2020 年第一季度报告全文 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 3 第二节 公司基本情况 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 | 本报告期 ...

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2019, representing a year-on-year growth of 15%[19]. - The net profit attributable to shareholders for 2019 was 200 million RMB, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2019 was ¥3,009,252,726.74, representing a 32.62% increase from ¥2,269,045,472.46 in 2018[27]. - The net profit attributable to shareholders for 2019 was ¥326,257,025.14, a 53.05% increase compared to ¥213,169,745.48 in 2018[27]. - Overall, the company reported total revenue of 3.01 billion yuan, a 32.62% increase compared to the previous year, and a net profit of 346 million yuan, up 51.65%[51]. - The gross margin for the year was reported at 40%, a slight improvement from 38% in the previous year[149]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares (including tax) and to increase capital by 7 shares for every 10 shares held[7]. - The company implemented a cash dividend policy, distributing at least 20% of the annual distributable profit as cash dividends[125]. - In 2019, the company distributed a cash dividend of RMB 1.00 per 10 shares, totaling approximately RMB 22.19 million[128]. - The total cash dividend for 2019, including other methods, was RMB 28.19 million, which is 8.64% of the net profit attributable to shareholders[128]. - The cash dividend policy is designed to ensure reasonable returns to shareholders while maintaining the company's operational sustainability[125]. Market Expansion and Strategy - The company aims to expand its market presence by increasing its production capacity by 20% in the next fiscal year[19]. - New product development initiatives are expected to contribute an additional 5% to revenue in 2020[19]. - The company is focusing on enhancing its e-commerce capabilities, targeting a 30% increase in online sales[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[149]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's technological capabilities and product offerings[149]. Research and Development - Investment in R&D increased by 25% compared to the previous year, focusing on innovative technologies and product development[149]. - The number of R&D personnel increased by 119.38% to 283, with R&D personnel accounting for 9.87% of total employees[74]. - R&D expenses surged by 83.91% year-on-year to ¥63,703,538.50, driven by increased R&D investments and consolidation of expenses from the acquisition of Anhui Jihong[72]. Acquisitions and Investments - The company has identified potential acquisition targets to strengthen its supply chain and enhance operational efficiency[19]. - The company completed significant acquisitions, including a ¥53,968,500 investment in Anhui Jihong, resulting in a 67% ownership stake[89]. - The acquisition of Anhui Jihong Environmental Paper Products Co., Ltd. was completed through cash payment, aimed at enhancing the company's presence in the food packaging sector due to increasing market demand for environmentally friendly packaging[113]. Operational Efficiency - The company has established a new partnership with a leading logistics provider to improve supply chain efficiency, expected to reduce costs by 15%[149]. - The company has a competitive edge in the packaging market, benefiting from stable client relationships and a strong operational management team[46]. - The company plans to leverage big data analytics to improve marketing strategies and customer engagement, expecting a 25% increase in customer retention rates[19]. Challenges and Risks - The company anticipates facing challenges related to raw material costs, which may impact profit margins in the upcoming year[19]. - The company faces risks from raw material price fluctuations, particularly in the packaging business, which could impact profit margins if customer orders decline or costs rise[116]. - The company is exposed to foreign exchange risks due to its involvement in cross-border e-commerce, which could affect profitability amid currency fluctuations[116]. Corporate Governance and Compliance - The company has a robust internal control system in place to protect shareholder rights and ensure compliance with legal requirements[200]. - The company's cash dividend distribution is subject to the approval of the board and shareholders, ensuring transparency and adherence to governance standards[125]. - The company has fulfilled its commitment regarding the shareholding restriction for 36 months from the date of listing, which was made by major shareholders and related parties[132]. Social Responsibility - The company actively participates in social responsibility activities, donating over 1.2 million RMB for COVID-19 relief efforts[200]. - The company has established a comprehensive human resources management system, ensuring compliance with labor laws and employee welfare[200].

证券代码：002803 证券简称：吉宏股份 厦门吉宏科技股份有限公司 投资者关系活动记录表 编号：20200211 | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------------------------------------------|----------------------|--------------------------------------------------|------------------------|----------------| | | | | | | | | 投资者关系活动 | | | 特定对象调研 □分析师会议 | | | | 类别 | □媒体采访 □业绩说明会 | | | | | | | □新闻发布会 □路演活动 | | | | | | | □现场参观 | | | | | | | □其他 | | （请文字说明其他活动内容） | | | | 参与单位名称及 | 汇添富基金 | 中欧基金 | 兴全基金 | 平安养老 | 华富基金 | | 人员姓名 | 广 ...

证券代码：002803 证券简称：吉宏股份 厦门吉宏科技股份有限公司 投资者关系活动记录表 编号：20200207 | --- | --- | --- | --- | |---------------------|--------------------------------------|--------------------------------------------------------|--------------------------| | | | | | | 投资者关系活动 类别 | □媒体采访 □业绩说明会 | 特定对象调研 □分析师会议 | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位名称及 | 天风证券轻工团队：范张翔、刘斐然 | | | | 人员姓名 | 招商轻工：郑恺、吴昊 | | | | | | | | | | 东北证券：唐凯、郭梦婕 | | | | 时间 | 2020 年 2 月 5 日 /2 月 | 6 日 /2 月 7 日 | | | 地点 | 电话会议 | | | ...

Financial Performance - Operating revenue for the reporting period was ¥767,504,770.34, representing a year-on-year increase of 16.44%[9] - Net profit attributable to shareholders of the listed company was ¥83,523,739.94, up 66.32% from the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥85,718,788.32, an increase of 74.56% year-on-year[9] - Operating revenue increased by 33.61% year-on-year, driven by the acquisition of Longyu Zhixing and the consolidation of Anhui Jihong's revenue, along with growth in e-commerce and packaging businesses[25] - Net profit attributable to shareholders increased by 76.29% year-on-year, reflecting the growth in operating revenue[25] - Total operating revenue for the current period reached ¥2,162,265,711.04, a 33.6% increase from ¥1,618,288,736.41 in the previous period[83] - Net profit for the current period was ¥247,257,538.43, representing a 73.2% increase compared to ¥142,659,772.46 in the previous period[86] - The company achieved a net profit attributable to the parent company of ¥231,552,078.64, compared to ¥131,350,729.05 in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,370,440,524.09, an increase of 49.23% compared to the end of the previous year[9] - Total liabilities increased to ¥997,783,847.36, up from ¥871,171,525.22, representing a growth of approximately 14.5%[52] - Current liabilities rose to ¥947,204,425.34, compared to ¥812,619,118.17, indicating an increase of about 16.6%[52] - The company's long-term equity investments decreased by 63.53% compared to the beginning of the year, mainly due to the consolidation of Anhui Jihong[24] - The company's fixed assets increased by 20.87% compared to the beginning of the year, primarily due to the acquisition of Anhui Jihong[24] - The company's total liabilities as of September 30, 2019, were RMB 1.56 billion, compared to RMB 1.02 billion at the end of 2018, indicating an increase of about 53.1%[49] Cash Flow - The net cash flow from operating activities was ¥34,200,719.83, a decrease of 36.50% compared to the previous year[9] - The company's cash flow from operating activities increased by 39.32% year-on-year, attributed to timely collections of accounts receivable[26] - Cash and cash equivalents at the end of the period increased by 63.96% year-on-year, driven by funds raised from the non-public offering and increased operational scale[26] - Cash flow from operating activities generated a net amount of ¥161,817,038.60, an increase from ¥116,145,991.11, which is a growth of approximately 39.3%[101] - Net cash flow from operating activities was $11,853,108.33, a decrease of 81.0% compared to $62,576,938.16 in the previous period[107] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥1,330,341,688.17, reflecting a growth of 93.43% year-on-year[9] - The total number of ordinary shareholders at the end of the reporting period was 11,020[13] - Owner's equity totaled ¥1,372,656,676.73, significantly up from ¥717,233,133.42, reflecting a growth of approximately 91.5%[55] Expenses - The company's management expenses increased by 81.43% year-on-year, largely due to the consolidation of Anhui Jihong and increased employee compensation[25] - Research and development expenses increased to ¥13,213,729.81, up 111.5% from ¥6,246,390.21 in the prior period[66] - Sales expenses rose to ¥544,693,215.25, a 29% increase from ¥422,549,548.26 in the previous period[83] Other Financial Metrics - The company reported government subsidies recognized in the current period amounting to ¥5,180,378.43[9] - The company reported a total comprehensive income of ¥91,567,250.01, compared to ¥56,986,435.96 in the previous period[73] - The company incurred tax expenses of ¥12,103,124.51, up from ¥7,968,339.95 in the previous period[69]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2019, representing a year-on-year increase of 15% compared to RMB 174 million in the same period of 2018[19]. - The gross profit margin for the first half of 2019 was 30%, slightly down from 32% in the same period last year, indicating increased production costs[19]. - The company reported a net profit of RMB 30 million for the first half of 2019, an increase of 20% compared to RMB 25 million in the same period last year[19]. - The company's operating revenue for the reporting period was CNY 1,394,760,940.70, representing a 45.42% increase compared to the same period last year[27]. - The net profit attributable to shareholders was CNY 148,028,338.70, an increase of 82.45% year-on-year[27]. - The net profit after deducting non-recurring gains and losses was CNY 142,531,795.69, up 77.77% from the previous year[27]. - The net cash flow from operating activities reached CNY 127,616,318.77, a significant increase of 104.89% compared to the same period last year[27]. - The total assets at the end of the reporting period amounted to CNY 2,332,167,453.19, reflecting a 46.82% increase from the end of the previous year[27]. - The net assets attributable to shareholders were CNY 1,242,014,140.28, which is an 80.58% increase year-on-year[27]. Market Expansion and Strategy - The company plans to expand its market presence by increasing its sales network by 20% in the next year, focusing on e-commerce and environmentally friendly packaging solutions[19]. - User data indicates a 30% increase in online sales through e-commerce platforms, reflecting a shift in consumer purchasing behavior[19]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share, particularly in the packaging sector[19]. - Future guidance estimates a revenue growth of 10-15% for the full year 2019, driven by new product launches and market expansion efforts[19]. - The company has successfully launched a new line of eco-friendly packaging products, which is expected to contribute significantly to revenue in the second half of 2019[19]. - The company plans to deepen its precision marketing business in the mobile internet market, leveraging big data and AI algorithms to enhance advertising quality and efficiency[46]. - The company aims to introduce new internet video marketing methods, such as interactive video ads, in anticipation of the upcoming 5G era[46]. - The company aims to focus on niche markets and build its own brand, leveraging China's manufacturing advantages to create a high-quality social e-commerce and precision marketing platform[54]. - The company plans to launch a cross-border B2C shopping app with social attributes in Southeast Asia in the second half of 2019, aiming for steady growth in user base and sales[54]. Research and Development - Research and development expenses increased by 25% year-on-year, amounting to RMB 10 million, as the company invests in new product development and technology upgrades[19]. - The company achieved a research and development investment rise of 75.59% to RMB 24,327,556.37, driven by increased R&D activities in Luanzhou and Anhui[69]. Investment and Financing - The company has completed a non-public issuance of 25,393,699 A shares, increasing its registered capital from CNY 197,200,000 to CNY 222,593,699[26]. - The company reported a significant increase in financing cash flow, up 675.47% to RMB 403,197,960.82, due to non-public share issuance[69]. - The company made significant investments totaling 58,958,500.00, a 154.55% increase compared to the previous year[81]. - The company acquired Anhui Jihong with an investment of 53,968,500.00, resulting in a 67% ownership stake[81]. Cross-Border E-Commerce - The company's cross-border e-commerce business leverages AI algorithms to analyze overseas markets, targeting customer groups through social media advertising and establishing independent sites for B2C sales, expanding into regions such as Taiwan, Japan, Hong Kong, the Middle East, and Southeast Asia[47]. - In 2018, China's cross-border e-commerce transaction volume reached CNY 9.1 trillion, a 19.74% increase from 2017, with projections of reaching CNY 10.8 trillion in 2019[48]. - Export business accounted for 78.2% of China's cross-border e-commerce in 2017, with a slight decrease to 77.1% in the first half of 2018, and an expected 75% by 2020[49]. - The B2B model dominated cross-border e-commerce transactions, comprising 84.6% in the first half of 2018, while B2C transactions accounted for 15.4%[52]. - Emerging markets, particularly in Latin America, are expected to become key growth areas for cross-border B2C e-commerce as internet penetration and consumer purchasing power increase[53]. Operational Efficiency and Risk Management - The company is committed to enhancing operational efficiency through automation and intelligent procurement, aiming to shorten product delivery cycles and establish a big data reserve for various markets[57]. - The company faces foreign exchange risk due to its involvement in cross-border e-commerce, with operations in multiple currencies including USD and JPY, which may impact profitability[111]. - The company has implemented measures to lock in raw material prices and enhance bargaining power through group purchasing to manage raw material price volatility[111]. - The company is actively working to mitigate risks related to core talent retention in the rapidly evolving internet advertising and cross-border e-commerce sectors[111]. Corporate Governance and Shareholder Matters - The company held five temporary shareholder meetings and one annual shareholder meeting in 2019, with investor participation rates ranging from 55.53% to 64.81%[119]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[120]. - The company has not experienced any major litigation or arbitration matters during the reporting period[124]. - The company has not engaged in any significant related party transactions during the reporting period[129]. - The company has not implemented any employee incentive plans or stock ownership plans during the reporting period[128]. - The largest shareholder, Zhuang Hao, holds 30.48% of the shares, totaling 67,846,107 shares, with 37,744,590 shares pledged[165]. - The second-largest shareholder, Zhuang Shu, owns 11.69% of the shares, amounting to 26,031,250 shares, with 3,893,000 shares pledged[165]. - The company reported no changes in its controlling shareholder or actual controller during the reporting period[172]. Environmental and Social Responsibility - The company has established waste gas and wastewater treatment facilities, ensuring compliance with environmental standards[140]. - The company donated RMB 68,000 to the China Poverty Alleviation Foundation for poverty alleviation projects in May 2019[141].

Financial Performance - The company's operating revenue for 2018 was CNY 2,269,045,472.46, representing a 100.34% increase compared to CNY 1,132,613,257.78 in 2017[30]. - The net profit attributable to shareholders for 2018 was CNY 213,169,745.48, a significant increase of 166.35% from CNY 80,034,333.83 in 2017[30]. - The net cash flow from operating activities reached CNY 256,986,153.81 in 2018, a remarkable improvement of 508.02% compared to a negative cash flow of CNY -62,984,295.02 in 2017[30]. - The company reported a basic earnings per share of CNY 1.08 for 2018, up 56.52% from CNY 0.69 in 2017[30]. - The total assets at the end of 2018 were CNY 1,588,404,658.64, reflecting a 38.32% increase from CNY 1,148,331,712.31 at the end of 2017[30]. - The company achieved a weighted average return on equity of 35.43% in 2018, an increase of 18.39% from 17.04% in 2017[30]. - The net profit after deducting non-recurring gains and losses was CNY 201,623,384.73 in 2018, up 162.24% from CNY 76,885,839.21 in 2017[30]. - The company achieved a revenue of CNY 2,269,045,472.46, representing a year-on-year growth of 100.34%[68]. - Net profit reached CNY 22,835.20 million, an increase of 178.26% compared to the previous year[68]. - The company's total assets increased by 38.32% to CNY 158,840.47 million as of December 31, 2018[68]. Dividend Policy - The company reported a profit distribution plan of cash dividends of 5.00 RMB per 10 shares, totaling 197,200,000 shares[8]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be allocated as cash dividends, with a minimum of 80% during mature stages without significant capital expenditures[148]. - The total distributable profit for the year 2018 was 236.45 million yuan, with the cash dividend amounting to 98.6 million yuan, accounting for 100% of the total profit distribution[152]. - The company distributed a cash dividend of 5.00 yuan per 10 shares, totaling 98.6 million yuan for the year 2018, which represents 46.25% of the net profit attributable to ordinary shareholders[149]. - In 2017, the company distributed a cash dividend of 1.3 yuan per 10 shares, totaling approximately 14.82 million yuan, which was 18.52% of the net profit[149]. - The company has a clear and transparent cash dividend policy that aligns with its articles of association and shareholder resolutions[148]. Business Operations - The company operates primarily in e-commerce, utilizing big data analysis for targeted sales strategies[19]. - The company has expanded its business model to include both packaging and internet services, following the establishment of a new subsidiary and acquisition in the internet sector[28]. - The company’s internet business includes precision marketing and cross-border e-commerce, leveraging big data and AI algorithms for targeted advertising and sales[46]. - The company has established multiple subsidiaries across various regions, enhancing its market presence[15]. - The company has established diverse sales channels across multiple countries, including Google, YouTube, and Facebook, to effectively drive traffic[58]. - The company is leveraging precise marketing strategies through social media platforms like Facebook and Google to enhance its cross-border e-commerce business, particularly in Southeast Asia[136]. Research and Development - Research and development expenses rose by 47.47% to 34,638,980.90 yuan, reflecting increased investment in packaging technology projects[88]. - The company has initiated multiple R&D projects, including the application of new optoelectronic technology in printing and packaging[89]. - The company has invested 5 million RMB in R&D for new technologies, focusing on sustainable packaging solutions[194]. Market Trends - In 2018, China's cross-border e-commerce transaction scale reached 9.1 trillion yuan, a growth of 19.74% compared to 2017, and is expected to reach 10.8 trillion yuan in 2019[51]. - Emerging markets, particularly in Latin America, are expected to become key growth areas for China's cross-border export B2C e-commerce due to increasing online shopping penetration and consumer purchasing power[56]. - B2B transactions dominated the cross-border e-commerce market, accounting for 84.6% in the first half of 2018, while B2C transactions represented 15.4%[53]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and operational goals, which do not constitute substantial commitments to investors[7]. - The company is exposed to risks related to transaction disputes in its cross-border e-commerce operations, which could affect its brand image and profitability[137]. - The company faces potential risks if there are changes to national tax incentives for high-tech enterprises or if it no longer meets the qualification standards[141]. Asset Management - The company has effectively optimized asset allocation through the sale of significant assets, positively impacting its financial condition and operational performance[123]. - The company has a commitment to not exceed a share reduction of 5% of total shares within 12 months after the lock-up period ends[161]. - The company has committed to not transferring more than 25% of its shares held annually during the specified period[171]. Corporate Governance - The company has maintained a stable audit relationship with its accounting firm for two consecutive years, ensuring compliance and transparency[195]. - There were no major legal disputes or penalties faced by the company during the reporting period, indicating a stable operational environment[199]. - The company has confirmed that it will not engage in similar business activities as its subsidiaries during the period of control by the major shareholder[174].

Financial Performance - The company's operating revenue for Q1 2019 was ¥671,479,438.02, representing a 58.96% increase compared to ¥422,428,373.45 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2019 reached ¥72,814,265.76, a significant increase of 284.89% from ¥18,918,223.55 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥71,493,564.06, up 278.50% from ¥18,888,819.16 year-on-year[8]. - Basic earnings per share for Q1 2019 were ¥0.3692, a 130.75% increase from ¥0.16 in the previous year[8]. - The weighted average return on equity was 10.05%, up from 3.91% in the same period last year, an increase of 6.14 percentage points[8]. - The company reported a total comprehensive income of ¥76,426,793.77 for the current period, compared to ¥21,352,021.69 in the previous period, representing an increase of approximately 258.5%[61]. Cash Flow - The net cash flow from operating activities was ¥73,040,657.73, reflecting a 57.78% increase compared to ¥46,292,287.19 in the same period last year[8]. - Cash flow from operating activities increased to ¥73,040,657.73, up 57.5% from ¥46,292,287.19 in the previous period[72]. - Cash inflow from financing activities was CNY 67,603,481.30, down from CNY 80,950,000.00, representing a decrease of approximately 16.3%[82]. - Net cash flow from financing activities was -CNY 65,581,400.61, compared to -CNY 17,335,560.46 in the previous period, indicating a worsening of cash flow by approximately 278.5%[82]. - The ending balance of cash and cash equivalents was CNY 47,651,978.82, a decrease from CNY 118,776,243.48 in the previous period, reflecting a decline of about 60%[82]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,589,257,364.36, a slight increase of 0.05% from ¥1,588,404,658.64 at the end of the previous year[8]. - Current liabilities decreased to ¥737,630,582.44 from ¥813,749,467.49, representing a reduction of approximately 8.5%[41]. - Total liabilities decreased to ¥791,772,297.57 from ¥871,171,525.22, a reduction of about 9.1%[41]. - The total owner's equity rose to ¥797,485,066.79 from ¥717,233,133.42, an increase of about 11.2%[44]. - The company's retained earnings increased to ¥481,312,239.78 from ¥408,497,974.02, showing a growth of approximately 17.7%[44]. Expenses - The company's management expenses surged by 101.64% compared to the previous year, mainly due to the addition of Beijing Longyu advertising business and increased employee compensation[23]. - Financial expenses increased by 105.38% year-on-year, attributed to a significant rise in bank loans and interest rates[23]. - Research and development expenses for the current period were ¥8,001,458.66, compared to ¥6,944,210.15 in the previous period, marking an increase of about 15.2%[55]. - Sales expenses rose to ¥7,772,772.26, an increase of 41.0% from ¥5,513,316.24 in the previous period[62]. - Management expenses increased to ¥10,795,657.01, up 40.5% from ¥7,668,323.33 in the previous period[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,567, with the top ten shareholders holding significant stakes[12]. - Net assets attributable to shareholders increased by 11.14% to ¥764,388,352.67 from ¥687,774,728.25 at the end of the previous year[8].

Financial Performance - The company reported a revenue of ¥2,269,045,472.46 in 2018, representing a 100.34% increase from ¥1,132,613,257.78 in 2017[29]. - Net profit attributable to shareholders was ¥213,169,745.48, a significant increase of 166.35% compared to ¥80,034,333.83 in the previous year[29]. - The net cash flow from operating activities reached ¥256,986,153.81, a remarkable improvement of 508.02% from -¥62,984,295.02 in 2017[29]. - The company achieved a basic earnings per share of ¥1.08, up 56.52% from ¥0.69 in 2017[29]. - Total assets increased by 38.32% to ¥1,588,404,658.64 at the end of 2018, compared to ¥1,148,331,712.31 at the end of 2017[29]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, amounting to ¥201,623,384.73, a 162.24% rise from ¥76,885,839.21 in 2017[29]. - The company achieved a revenue of 2,269,045,472.46 CNY, representing a year-on-year growth of 100.34%[67]. - Net profit reached 22,835.20 CNY, an increase of 178.26% compared to the previous year[67]. - The company's total assets increased by 38.32% to 158,840.47 CNY as of December 31, 2018[67]. Dividend Distribution - The company reported a profit distribution plan of cash dividends of 5.00 RMB (including tax) for every 10 shares, totaling 197,200,000 shares[8]. - The company distributed a cash dividend of 5.00 yuan per 10 shares, totaling 98.6 million yuan for the year 2018, which represents 46.25% of the net profit attributable to ordinary shareholders[144]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be allocated as cash dividends, with a minimum of 40% if there are significant capital expenditures[143]. - The total number of shares increased from 116 million to 197.2 million after a capital reserve conversion, with no stock dividends issued[144]. - The company reported a total distributable profit of 236.45 million yuan for the year 2018, with cash dividends accounting for 100% of the total profit distribution[147]. - In 2017, the company distributed a cash dividend of approximately 14.82 million yuan, which was 18.52% of the net profit[144]. - In 2016, the cash dividend distribution was 13.92 million yuan, representing 32.38% of the net profit[144]. - The company has a clear and stable profit distribution policy that emphasizes reasonable returns to shareholders[143]. - The cash dividend distribution plan is subject to adjustments based on the company's financial condition and significant investment plans[143]. - The independent directors and the board have ensured that minority shareholders' rights are adequately protected during the dividend distribution process[143]. Business Operations - The company operates primarily in the packaging industry, focusing on products such as colored packaging boxes and plastic soft packaging, which are essential for daily consumer goods[18]. - The company aims to enhance its e-commerce capabilities through big data analysis for targeted sales strategies[18]. - The company has established multiple subsidiaries across various regions, enhancing its market presence and operational capacity[18]. - The company expanded its business model to include both packaging and internet services, following the establishment of Xiamen Jike Printing E-commerce Co., Ltd. and the acquisition of Beijing Longyu Zhixing Technology Co., Ltd.[27]. - The internet business segment, including precision marketing and cross-border e-commerce, has shown strong performance, leveraging big data and AI algorithms for targeted advertising[44][45]. - The company is focusing on developing new technologies, including applications of optoelectronic technology in printing and packaging, and personalized digital printing[87]. - The company is expanding its packaging business in Shandong, enhancing regional layout[129]. - The company is increasing production capacity for QSR eco-friendly packaging, aiming to establish a nationwide production base[130]. - The company plans to leverage creative marketing and packaging as a traffic entry point for internet enterprises, enhancing sales performance[130]. - The company is focusing on cross-border e-commerce, utilizing social media platforms for precise marketing and B2C sales[131]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and operational goals, which do not constitute a commitment to investors[7]. - The company faces risks from raw material price fluctuations, which could impact packaging business profit margins[131]. - The company is exposed to transaction disputes in cross-border e-commerce, which could affect brand image and profitability[132]. - The company has implemented fire safety measures but remains at risk due to the flammable nature of its raw materials[135]. - Changes in tax policies or loss of high-tech status could adversely affect the company's future operating performance[136]. Financial Management - The company's financial report is audited by Xinyong Zhonghe Accounting Firm, ensuring the accuracy and reliability of its financial statements[18]. - The company has no changes in controlling shareholders during the reporting period, ensuring stability in management[27]. - The company has a commitment to environmental sustainability, producing eco-friendly paper bags made from 100% virgin wood pulp[18]. - The company has effectively optimized its asset structure through the sale of equity and assets, which is beneficial for long-term development[116]. - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[114]. - The company has committed to a share transfer restriction for 36 months from the date of listing, prohibiting the transfer or management of shares held directly or indirectly[148]. - The company has a plan for share repurchase if the stock price stabilization conditions are not met, ensuring compliance with legal and regulatory requirements[151]. - The company has committed to not exceeding a 5% increase in shareholding within a single fiscal year[151]. - The company will strictly adhere to the regulations regarding the use of funds raised from the non-public offering, ensuring dedicated management and reporting[175]. - The company has committed to repurchase shares if the prospectus contains false records or misleading statements, ensuring shareholder rights are protected[175].

Financial Performance - Operating revenue for the period reached CNY 659,159,551.77, a 112.76% increase year-on-year[8] - Net profit attributable to shareholders increased by 168.53% to CNY 50,217,657.96 for the period[8] - Basic earnings per share rose by 175.00% to CNY 0.44[8] - Net profit attributable to shareholders increased by 242.17% year-on-year, reflecting significant profit growth[18] - Cash flow from operating activities increased by 255.50% year-on-year, attributed to timely collection of accounts receivable and increased operating revenue[18] - The estimated net profit attributable to shareholders for 2018 is expected to increase by 130.00% to 170.00%, ranging from 184.08 million to 216.09 million CNY[24] - The net profit for 2017 attributable to shareholders was 80.03 million CNY[24] Asset and Equity Growth - Total assets increased by 18.30% to CNY 1,358,459,236.38 compared to the end of the previous year[8] - The weighted average return on equity improved to 9.85%, up from 5.71%[8] - The company’s intangible assets increased by 50.58% compared to the beginning of the year, mainly due to the acquisition of intangible assets from Beijing Longyu Zhixing[16] Cash Flow and Financial Position - Net cash flow from operating activities surged by 768.95% to CNY 53,860,134.17[8] - The company’s cash and cash equivalents at the end of the period increased by 287.30% year-on-year, driven by increased operating scale and timely collection of payments[18] - The company’s deferred income tax liabilities increased by 755.96% due to the assessment of increased value from the acquisition of Beijing Longyu Zhixing[16] - The company’s financial expenses rose by 163.28% year-on-year, primarily due to increased bank loans and interest rates[17] Shareholder Information - The company reported a total of 9,417 shareholders at the end of the reporting period[12] - The largest shareholder, Zhuang Hao, holds 34.43% of the shares, amounting to 39,941,800 shares[12] Revenue Drivers and Expenses - Operating revenue increased by 131.93% year-on-year, driven by growth in various subsidiaries and new business lines such as e-commerce and advertising[17] - The company’s accounts receivable increased by 66.06% compared to the beginning of the year, primarily due to a 131.93% increase in operating revenue[16] - Sales expenses surged by 627.83% year-on-year, largely due to increased logistics and advertising costs associated with the new e-commerce business[17] Fundraising Activities - The company plans to raise up to 73.46 million CNY through a non-public stock issuance to specific investors[20] Business Development - The company's packaging and internet business has shown good development, with revenue continuing to grow rapidly compared to the previous year[25]