Financial Performance - The company reported a significant increase in user data, reflecting a growing customer base in the architectural decoration industry[5]. - The company's operating revenue for 2021 was CNY 1,904,897,545.49, representing a 0.62% increase compared to CNY 1,893,152,108.65 in 2020[20]. - The net profit attributable to shareholders decreased by 35.61% to CNY 17,659,391.30 in 2021 from CNY 27,426,449.99 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 9,435,948.36, down 30.57% from CNY 13,590,774.70 in the previous year[20]. - The net cash flow from operating activities increased by 63.53% to CNY 309,158,135.05 in 2021, compared to CNY 189,057,674.13 in 2020[20]. - Total assets at the end of 2021 were CNY 2,993,648,119.82, a decrease of 4.05% from CNY 3,119,888,925.81 at the end of 2020[20]. - The net assets attributable to shareholders decreased by 6.29% to CNY 1,495,335,197.60 at the end of 2021 from CNY 1,595,680,663.45 at the end of 2020[20]. - The company reported a negative net profit for the fourth quarter of 2021, amounting to CNY -21,320,694.43[24]. - The company experienced a significant decline in basic and diluted earnings per share, both down 30% to CNY 0.07 in 2021 from CNY 0.10 in 2020[20]. - The total operating revenue for 2021 was CNY 1,904,897,545.49, representing a year-on-year increase of 0.62% compared to CNY 1,893,152,108.65 in 2020[60]. Dividend Policy - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares (including tax) to all shareholders[5]. - The cash dividend distribution represents 100% of the total profit distribution amount, ensuring a consistent and stable profit distribution policy[166]. - The company has maintained a cash dividend policy where the annual cash distribution exceeds 10% of the distributable profits for the year[165]. Market and Industry Conditions - The company faces risks related to policy adjustments in the real estate industry, rising labor costs, and accounts receivable recovery[5]. - Future plans and development strategies are subject to uncertainties due to macroeconomic and market conditions[5]. - The company noted that the design demand in the interior design industry is expected to grow due to increasing customer standards and the expansion of the public building stock market[31]. - The company is adjusting its client structure to reduce reliance on the real estate sector and is actively seeking clients in technology and finance sectors[120]. - The "Three Public Consumption" policy may lead to a cautious investment approach in high-end hotels, affecting the company's business volume in this segment[120]. - The company faces risks from macroeconomic fluctuations and the cyclical nature of the real estate industry, which could impact demand for high-end decoration services[119]. Business Strategy and Development - The company is committed to enhancing its design capabilities through innovative technologies and sustainable practices[5]. - The company is focusing on design-related business development while cautiously taking on more project orders due to the competitive landscape in the construction decoration industry[32]. - The company aims to leverage technology and design trends to enhance its design capabilities and maintain a competitive advantage[45]. - The company is committed to expanding its market presence and enhancing its design strength through continuous improvement and strategic initiatives[45]. - The company aims to improve operational efficiency and drive growth through innovative design solutions and enhanced customer engagement strategies[134]. Research and Development - The company has achieved a total of 148 authorized patents, including utility models and invention patents, emphasizing its commitment to technological research and development[53]. - The company is focusing on sustainable design principles, emphasizing energy efficiency and environmental harmony in its projects[82]. - R&D investment amounted to ¥103,604,332.27 in 2021, a 5.57% increase from ¥98,141,660.80 in 2020, accounting for 5.44% of operating revenue[83]. - The number of R&D personnel increased by 24.40% from 377 in 2020 to 469 in 2021, representing 27.41% of the total workforce[83]. Corporate Governance - The company has established a comprehensive internal management system to ensure compliance with laws and regulations regarding major information management and corporate governance[126]. - The company operates independently from its controlling shareholders in terms of business, assets, personnel, and financial matters, ensuring no conflicts of interest[127]. - The company has a clear and independent financial accounting system, with separate bank accounts and independent tax obligations[129]. - The company has a robust organizational structure with various functional departments that operate independently from its shareholders[128]. - The company has engaged in multiple investor relations activities to discuss its business operations and strategic development[122]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,711, with 1,319 in the parent company and 392 in major subsidiaries[160]. - The professional composition includes 1,116 production personnel, 74 sales personnel, 265 technical personnel, 36 financial personnel, 125 administrative personnel, and 95 others[161]. - The company has established a comprehensive performance evaluation system and salary management mechanism, linking employee development and salary adjustments to performance assessments[162]. - The total remuneration paid to the company's directors, supervisors, and senior management in 2021 amounted to 13.77 million yuan[147]. Legal and Compliance - The company did not experience any penalties or rectification issues during the reporting period[197]. - There were no related party transactions in daily operations during the reporting period[198]. - The company has confirmed that it will continue to fulfill its commitments made during the initial public offering process[185]. - The company has a clear policy regarding the transfer of shares by its directors and senior management, limiting annual transfers to 15% of their total holdings[184]. Project Management and Investment - The company has reported a total investment commitment of CNY 102,954.8 million, with CNY 9,529.66 million utilized and CNY 96,980.60 million remaining as of December 31, 2021[102]. - The company decided to terminate the Guangdong-Macao Traditional Chinese Medicine Industrial Park project due to prolonged fundraising and market conditions, reallocating the remaining funds to enhance operational efficiency[102]. - The company aims to improve the efficiency of fundraising utilization and avoid idle funds[102]. - The company has paused the Zunyi Sheraton Hotel decoration project due to significant changes in the feasibility of the project, influenced by the real estate market environment[102].

证券代码：002811 证券简称：郑中设计 公告编号：2021-068 债券代码：128066 债券简称：亚泰转债 深圳市郑中设计股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市郑中设计股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值，交流创造良好生态"——2021 深圳辖区上市公司投资者 网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司副总经理兼董事会秘书王小颖女士、副总经理兼财务总监罗桂梅女 士将通过网络文字交流形式与投资者进行沟通。 欢 ...

深圳市郑中设计股份有限公司 2021 年第三季度报告 | 证券代码：002811 | 证券简称：郑中设计 | 公告编号：2021-065 | | --- | --- | --- | | 债券代码：128066 | 债券简称：亚泰转债 | | 深圳市郑中设计股份有限公司 一、主要财务数据 (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 □ 是 √ 否 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信 息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2021, representing a 20% growth compared to the same period in 2020[16]. - The company's operating revenue for the first half of 2021 was ¥901,446,895.68, an increase of 6.88% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥21,428,811.06, representing a growth of 14.93% year-over-year[21]. - The net cash flow from operating activities surged by 217.38% to ¥146,872,149.05 compared to the previous year[21]. - The company's revenue for the reporting period reached ¥901,446,895.68, representing a year-on-year increase of 6.88% compared to ¥843,451,282.85 in the previous year[51]. - The company's total profit for the first half of 2021 was CNY 25,691,331.66, up from CNY 23,389,656.43 in the same period of 2020, reflecting an increase of about 9.9%[156]. - The company's net profit for the first half of 2021 was CNY 21,094,752.63, compared to CNY 18,378,987.03 in the first half of 2020, reflecting an increase of about 9.3%[157]. Market Expansion and Strategy - The company has outlined a future outlook projecting a revenue growth of 25% for the second half of 2021, driven by new project acquisitions and market expansion strategies[16]. - The company is actively pursuing market expansion, targeting new regions in Southeast Asia, with plans to establish a local office by the end of 2021[16]. - A strategic acquisition of a local design firm is in progress, expected to enhance the company's service offerings and market presence[16]. - The company continues to focus on brand development and has seen further growth in its sub-brands[34]. - The company has introduced new brands such as "Fish Eye" and "Ju Cheng," expanding into wellness, dining, and high-end leisure spaces, while also gaining recognition in commercial office projects[37]. Investment and Development - Investment in new product development has increased by 30%, with a focus on integrating advanced technologies such as BIM (Building Information Modeling) into design processes[16]. - The subsidiary Xi Zhao Technology has launched a material platform with over 500 suppliers and more than 8,000 types of materials, enabling online material book generation and sample requests[35]. - The company holds a total of 118 authorized patents, including utility models and invention patents, emphasizing its commitment to technology research and development[47]. - The company has implemented BIM technology in its projects, enhancing its design capabilities and innovation[47]. Risks and Challenges - The company has identified potential risks including rising labor costs and receivables collection challenges, which may impact future performance[5]. - The company is facing risks from macroeconomic fluctuations and the impact of the COVID-19 pandemic on the high-end public building decoration market[76]. - The design industry is talent-intensive, and the company faces risks of talent loss due to increasing competition for skilled professionals[79]. - Future changes in tax incentive policies could adversely affect the company's operating performance if it no longer qualifies for these benefits[78]. Corporate Governance and Shareholder Relations - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparent information disclosure[87]. - The company held two shareholder meetings during the reporting period, with investor participation rates of 70.93% and 70.94%[82]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[84]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[92]. Awards and Recognition - The company has received multiple awards for its design projects, enhancing its brand reputation in the industry[34]. - Cheng Chung Design (CCD) ranked first in the Asia-Pacific region in the "2020 Global Interior Design Top 100" list published by Interior Design magazine[36]. - CCD has been recognized by over 50 international hotel brands, enhancing its design capabilities and project reach across Greater China, Southeast Asia, and Europe and the United States[38]. - The company received multiple international design awards in 2021, including the Red Dot Award and MUSE Design Awards, showcasing its design excellence[39]. Financial Position and Assets - Total assets at the end of the reporting period were ¥2,968,367,799.75, a decrease of 4.86% from the previous year[21]. - The total liabilities decreased from CNY 191,946,437.50 to CNY 88,064,636.50, a reduction of 3.18%[61]. - The company's asset-liability ratio was 48.86% at the end of the reporting period, an increase of 0.32% compared to the end of the previous year[141]. - The total current assets were reported at 2,425,058,919.90 CNY, down from 2,588,378,887.47 CNY at the end of the previous year[148]. Cash Flow and Liquidity - The cash flow from operating activities was CNY 1,047,227,236.24, compared to CNY 943,734,411.27 in the first half of 2020, showing an increase of approximately 11%[164]. - The net cash flow from operating activities for the first half of 2021 was CNY 146,872,149.05, a significant increase from CNY 46,276,273.51 in the same period of 2020, representing a growth of 216.5%[165]. - Cash and cash equivalents decreased to CNY 486,630,449.20 from CNY 695,517,426.88, indicating a potential liquidity concern[152]. - The ending balance of cash and cash equivalents was CNY 523,223,561.66, down from CNY 744,703,462.24 at the end of the first half of 2020, a decrease of 29.7%[166].

Financial Performance - The company's operating revenue for Q1 2021 was ¥372,541,177.50, a decrease of 3.20% compared to ¥384,850,264.40 in the same period last year[8] - Net profit attributable to shareholders increased by 35.33% to ¥17,040,982.77 from ¥12,592,602.37 year-on-year[8] - The net profit after deducting non-recurring gains and losses rose by 58.15% to ¥15,317,408.56 compared to ¥9,685,278.34 in the previous year[8] - Basic earnings per share increased by 20.00% to ¥0.06 from ¥0.05 year-on-year[8] - The company reported a 38.75% decrease in other income to ¥1,993,088.10, mainly due to receiving more government subsidies in the comparative period[16] - The total comprehensive income for Q1 2021 was CNY 18,753,799.20, an increase of 73.5% from CNY 10,808,959.43 in Q1 2020[41] - Net profit for Q1 2021 reached CNY 16,854,172.67, an increase of 37.5% from CNY 12,258,557.64 in Q1 2020[40] Cash Flow - The net cash flow from operating activities was ¥55,464,842.17, a significant improvement from a negative cash flow of ¥40,303,142.44 in the same period last year, marking a change of -237.62%[8] - Cash flow from operating activities was CNY 563,973,911.94, an increase from CNY 451,537,497.66 in the previous year[47] - Total cash inflow from operating activities was ¥576,216,308.27, while cash outflow was ¥520,751,466.10, resulting in a net cash inflow[48] - The company reported a net cash outflow from investing activities of ¥83,811,967.62, compared to a larger outflow of ¥301,393,996.52 in the previous year[49] - The total cash outflow for financing activities was ¥102,128,442.51, leading to a net cash outflow of ¥101,961,127.64[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,971,114,551.79, down 4.77% from ¥3,119,888,925.81 at the end of the previous year[8] - Total liabilities decreased to CNY 1,451,664,109.49 from CNY 1,598,030,390.11, indicating a reduction of about 9.2%[36] - Current liabilities totaled CNY 1,023,374,852.06, down from CNY 1,216,981,982.45, a decrease of approximately 15.9%[36] - The company's cash and cash equivalents decreased to CNY 557,956,112.68 from CNY 695,517,426.88, a decline of about 19.8%[33] - The total equity attributable to shareholders increased to CNY 1,475,044,181.93 from CNY 1,466,183,314.90, reflecting a growth of approximately 0.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,131[12] - Net assets attributable to shareholders increased by 1.34% to ¥1,617,108,873.71 from ¥1,595,680,663.45 at the end of the previous year[8] Operational Changes - Accounts receivable financing increased by 102.90% to ¥12,437,554.96 due to clients adopting bill settlement methods[16] - Prepayments rose by 95.95% to ¥74,171,344.23 primarily due to advance payments for major project materials[16] - Short-term borrowings decreased by 54.02% to ¥88,254,831.00 as a result of repaying bank loans[16] - Financial expenses decreased by 66.91% to ¥3,206,659.28 due to significant changes in exchange gains and losses[16] - The company reported a significant decrease in credit impairment losses, with a loss of CNY -209,908.89 compared to CNY -6,550,105.77 in Q1 2020[40] Future Expectations - The company expects a significant change in net profit for the first half of 2021 compared to the same period last year[21] - The company has no significant changes in major contracts that affect contract amounts by more than 30%[21]

Dividend Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[6]. - The company has established a cash dividend policy, committing to distribute over 10% of its distributable profits annually, with a planned cash dividend of 4 yuan per 10 shares for the 2020 fiscal year, totaling approximately 108 million yuan[138]. - The cash dividend amount for 2020 was CNY 108,007,662.40, with no dividends distributed in other forms such as share buybacks[141]. - The total distributable profit for the company was CNY 428,528,760.91, with the cash dividend accounting for 0% of the total profit distribution[141]. - The company’s profit distribution or capital reserve transfer plan requires a minimum of 20% of cash dividends in future distributions[141]. Financial Performance - The company's operating revenue for 2020 was CNY 1,893,152,108.65, a decrease of 24.62% compared to CNY 2,511,416,237.22 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 27,426,449.99, down 79.42% from CNY 133,283,868.10 in 2019[18]. - The basic earnings per share for 2020 was CNY 0.10, a decline of 79.59% from CNY 0.49 in 2019[18]. - The net profit attributable to the parent company's ordinary shareholders for 2020 was CNY 108,007,662, representing a significant increase of 393.81% compared to 2019[140]. - The total revenue for the company was CNY 1,893,152,108, with a year-on-year decrease of 24.62%[85]. Business Operations and Strategy - The company operates in the architectural decoration industry, which is subject to fluctuations due to external economic factors[6]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company has a comprehensive service model that integrates design, engineering, and supporting services[11]. - The company is committed to high-quality, low-carbon decoration activities based on environmental sustainability[11]. - The company focuses on original design services, with project acquisition primarily through brand reputation and competitive bidding[36]. Market and Industry Trends - The interior design industry in China is projected to grow at an annual rate of approximately 12%, with an estimated market size of around 467.5 billion RMB by 2024[29]. - The number of enterprises in the Chinese construction decoration market has decreased from 145,000 in 2011 to 125,000 in 2018, indicating increased industry concentration[30]. - The COVID-19 pandemic negatively impacted the company's overall business, prompting a strategic shift to emphasize design services[31]. - The company anticipates continued growth in the residential decoration market driven by urbanization and rising consumer income levels[124]. Risk Factors - The company faces risks from policy adjustments in the real estate industry, rising labor costs, and management challenges due to rapid growth[6]. - The cyclical nature of the real estate industry, influenced by government regulations, may negatively affect the company's business as major clients reduce investments in high-end projects[130]. - The company is facing risks from macroeconomic fluctuations and the pandemic, which could impact demand for high-end public building decoration projects, particularly in the hotel and real estate sectors[129]. Project Management and Quality Control - The company maintains a quality control system certified by ISO9001:2008, ISO14001:2004, and GB/T28001-2011, ensuring strict supervision and control over all business processes[49]. - The project management team is composed of various roles including project manager, material staff, safety officer, quality officer, and financial personnel, ensuring comprehensive project oversight[45]. - The company adheres to a self-operated policy without subcontracting, minimizing risks related to quality, safety, and finance[46]. - The company offers a warranty period of 2-5 years for completed projects, providing free repairs for quality issues arising within this timeframe[48]. Research and Development - Research and development expenses were ¥98,141,660.80, which is 5.18% of operating revenue, up from 3.90% in the previous year[98]. - The number of R&D personnel decreased to 377, but their proportion of total employees increased to 23.00%[98]. - The company has developed a range of proprietary technologies and designs, evidenced by its extensive patent portfolio[71]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure fair information disclosure[175]. - The company confirmed that all commitments made by major shareholders and management were fulfilled during the reporting period[144]. - The company has not engaged in any significant contracts or entrusted loans during the reporting period[173][172]. Awards and Recognition - Cheng Chung Design (CCD) ranked first in the Asia-Pacific region in the "2020 Global Interior Design Top 100" list and third globally in the "2019 Global Hotel Design Top 100" list[27]. - CCD was recognized as one of the "Top 500 Most Valuable Brands in China" in 2020, marking its first appearance on the list as a design brand[62]. - The company received multiple international design awards in 2020, including the Gold Award at the 2020 WIN Awards for its Shenzhen headquarters office[63]. Shareholder Information - The total share capital increased from 180,002,965 shares to 270,019,156 shares due to a 5-for-10 bonus share issuance and the conversion of 11,102 convertible bonds[182]. - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., holds 47.24% of the shares, totaling 127,554,750 shares[187]. - The company reported a total of 14,149 shareholders at the end of the reporting period, an increase from 14,131 in the previous month[187].

证券代码：002811 证券简称：郑中设计 公告编号：2020-084 债券代码：128066 债券简称：亚泰转债 深圳市郑中设计股份有限公司 关于参加 2020 深圳辖区"诚实守信，做受尊重的上市公司" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市郑中设计股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"高质量发展 做受尊敬的上市公司"——2020 深圳辖区"创业创新"上市 公司投资者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司的副总经理兼董事会秘书王小颖女士、副总经理兼财务总监刘云贵 先生将通过网络文字交流形式与投资者进行沟 ...

Financial Performance - Operating revenue for the reporting period was CNY 478,357,516.63, down 23.15% year-on-year, and CNY 1,321,808,799.48 for the year-to-date, down 20.50% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 17,579,294.13, a decline of 59.79% year-on-year, and CNY 36,224,125.68 for the year-to-date, down 62.55% compared to the same period last year[7] - Basic earnings per share for the reporting period were CNY 0.06, a decrease of 62.50% year-on-year, and CNY 0.13 for the year-to-date, down 63.89% compared to the same period last year[7] - Total operating revenue for Q3 2020 was CNY 478,357,516.63, a decrease from CNY 622,484,237.88 in the same period last year[42] - Net profit for Q3 2020 was CNY 17,142,220.57, compared to CNY 43,020,478.89 in Q3 2019, representing a decline of approximately 60%[44] - The company reported a decrease in sales revenue from ¥1,593,420,224.30 in the previous period to ¥1,445,803,952.03, reflecting a decline of about 9.3%[62] Cash Flow - The net cash flow from operating activities was CNY 72,940,536.83, an increase of 12.20% year-on-year, and CNY 119,216,810.34 for the year-to-date, a significant increase of 3,229.92% compared to the same period last year[7] - The net cash flow from operating activities increased by 3230% to 119,216,810.34, attributed to improved management of customer and supplier payments[15] - Cash flow from operating activities generated a net amount of CNY 119,216,810.34, a significant increase from CNY 3,580,171.09 in Q3 2019[60] - The net cash flow from financing activities decreased by 159% to -189,494,840.18 due to the issuance of convertible bonds in the same period last year[15] - The net cash flow from financing activities was CNY -189,494,840.18, a decrease from CNY 323,065,624.51 in the same period last year[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,120,713,052.20, a decrease of 8.82% compared to the end of the previous year[7] - The company's total current assets decreased to CNY 2,608,752,473.73 from CNY 2,889,882,636.09, reflecting a reduction of about 9.7%[33] - The total liabilities decreased to CNY 1,502,327,349.36 from CNY 1,787,466,481.53, a reduction of approximately 15.9%[35] - The company's equity attributable to shareholders decreased slightly to CNY 1,608,199,077.08 from CNY 1,624,329,887.70, a decline of about 1.0%[36] - The company's total equity stood at approximately CNY 1.50 billion, reflecting a stable financial position[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,584[11] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., held 47.24% of the shares, amounting to 127,554,750 shares, with 35,400,600 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Government Support and Investments - The company received government subsidies amounting to CNY 8,828,855.53 during the reporting period[8] - Investment income surged by 902% to 3,143,244.13, mainly due to increased financial investment returns[15] - The company plans to issue non-public A-shares, with the proposal approved by the board and shareholders[16] Compliance and Regulatory Matters - The company received a feedback notice from the China Securities Regulatory Commission regarding its non-public stock issuance application, requiring a written response within 30 days[17] - The company reported no overdue receivables or non-compliance with external guarantees during the reporting period[26][27] - The company has not engaged in any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[27] Research and Development - Research and development expenses for the current period are 24,927,055.04, slightly lower than 27,247,772.47 in the previous period[47] - Research and development expenses increased to CNY 74,532,342.77, up 14.5% from CNY 64,989,680.49 in the previous year[55] Other Financial Metrics - The weighted average return on net assets was 1.10%, down 1.69% year-on-year, and 2.21% for the year-to-date, down 4.52% compared to the same period last year[7] - The company reported a significant decrease in prepayments by approximately CNY 114.43 million[72] - The company experienced a credit impairment loss of -27,998,319.24, compared to -7,915,147.82 in the previous period, indicating a significant increase in losses[48]

Corporate Structure and Governance - The company underwent a name change from "Shenzhen Yatai International Construction Co., Ltd." to "Shenzhen Cheng Chung Design Co., Ltd." on May 8, 2020[18]. - The stock code remains unchanged at "002811" following the name change[18]. - The company has a total of 100% ownership in several subsidiaries, including Cheng Chung Design (H.K.) Limited and Cheng Chung Design (USA) Limited[10]. - The company’s legal representatives and financial officers have confirmed the accuracy and completeness of the financial report[4]. - The company’s board of directors has fully attended the meeting to review the report, ensuring governance compliance[5]. Financial Performance - The company's operating revenue for the current period is ¥843,451,282.85, a decrease of 18.91% compared to the same period last year[19]. - The net profit attributable to shareholders for the current period is ¥18,644,831.55, down 64.83% year-over-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥15,533,872.76, a decline of 67.79% compared to the previous year[19]. - The net cash flow from operating activities is ¥46,276,273.51, a significant improvement from a negative cash flow of ¥79,491,844.79 in the same period last year[19]. - The total assets at the end of the current period amount to ¥3,256,368,240.26, a decrease of 4.86% from the end of the previous year[19]. - The net assets attributable to shareholders at the end of the current period are ¥1,598,690,288.60, down 1.58% from the previous year[19]. Market Position and Strategy - The company emphasizes its focus on integrated decoration services, including design, construction, and supporting services[11]. - The company aims to enhance its market presence through strategic partnerships and expansions in various regions, including Hong Kong and the Philippines[10]. - The company plans to adjust its development strategy in response to national policies and market demands to enhance its competitiveness and market share[29]. - The company maintains a leading position in the high-end hotel decoration sector, ranking first in the Asia-Pacific region in the "2020 Global Interior Design Top 100" list[26]. - The company has expanded its business into high-end residential, luxury office buildings, and commercial complexes, leveraging its strong brand presence in the high-end hotel sector[43]. Research and Development - The company is committed to sustainable design practices, focusing on low-carbon decoration activities[11]. - The company strengthened its design R&D capabilities, focusing on technology utilization, functional space layout, and design trend exploration[37]. - The company emphasizes technological research and development, applying BIM technology and securing multiple patents and software copyrights to enhance its design capabilities[44]. - The company holds a total of 85 authorized patents, including utility models and invention patents[45]. - The company is actively pursuing research and development in smart home technologies, as evidenced by its software registrations[47]. Financial Management and Investments - The company plans to launch a non-public offering of A-shares to expand financing channels and enhance competitive strength[51]. - The total amount of raised funds was ¥102,954.8 million, with ¥6,402.79 million invested during the reporting period and a cumulative investment of ¥81,719.38 million[69]. - The company has not engaged in any securities or derivative investments during the reporting period[66][67]. - The company has not sold any major assets or equity during the reporting period[80][81]. - The company has not engaged in any related party transactions during the reporting period[105]. Legal and Compliance Issues - The company is involved in a lawsuit with a total claim amount of 60.92 million yuan regarding a construction contract, with the court supporting the company's request for payment[96]. - Another ongoing lawsuit involves a claim of 10.93 million yuan from Tianjin Desheng Hotel Management Co., with the company seeking to recover engineering fees and related costs[97]. - The company has a total of 184.36 million yuan in ongoing litigation cases, with some already executed and not significantly impacting the company's operations[98]. - The half-year financial report has not been audited[93]. Shareholder Information - The total share capital increased from 180,002,965 shares to 270,016,094 shares due to a capital reserve conversion of 8,040 shares and a stock distribution of 5 shares for every 10 shares held[127]. - The company approved a profit distribution plan on May 20, 2020, which included a cash dividend of 3.00 RMB per 10 shares and a stock increase of 5 shares for every 10 shares held[128]. - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., held 47.24% of the shares, totaling 127,554,750 shares, with an increase of 42,518,250 shares during the reporting period[132]. - The total number of restricted shares at the end of the reporting period was 26,479,405 shares, with an increase of 8,826,468 shares during the reporting period[130]. Risk Factors - The company faces risks from macroeconomic fluctuations and the impact of the COVID-19 pandemic on the high-end public building decoration industry[83]. - The real estate industry's cyclical fluctuations may negatively affect the company's business, particularly in high-end hotel and residential projects[84]. Financial Ratios and Metrics - The company reported a current ratio of 215.45% as of June 30, 2020, an increase of 10.65% compared to the previous year[148]. - The debt-to-asset ratio improved to 50.58%, down by 1.65% from the previous year[148]. - The quick ratio increased to 206.79%, reflecting an 11.89% rise compared to the previous year[148]. - The EBITDA interest coverage ratio decreased to 4.90, down 142.72% from the previous year[148]. Environmental and Social Responsibility - There were no significant environmental protection issues reported, and the company is not classified as a key pollutant discharge unit by environmental authorities[121]. - The company has not initiated any poverty alleviation programs during the reporting period and has no plans for future initiatives[122].

Dividend and Capital Management - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) to all shareholders[4]. - The company will increase its capital reserve by converting 5 shares for every 10 shares held[4]. - The company plans to distribute cash dividends of approximately 54 million RMB for the 2019 fiscal year, with a proposed distribution of 3 RMB per 10 shares[139]. - The company has consistently maintained a cash dividend policy, distributing over 10% of the available profit each year since its listing[138]. - The profit distribution plan includes a cash dividend of CNY 3 per 10 shares (tax included) based on a total share capital of 180,002,965 shares as of December 31, 2019[144]. - The company plans to increase capital by 5 shares for every 10 shares held, with no bonus shares distributed[144]. - The remaining undistributed profits will be carried forward to the next fiscal year[144]. Financial Performance - The company's operating revenue for 2019 was ¥2,511,416,237.22, representing a 9.17% increase from ¥2,300,545,769.07 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥133,283,868.10, a 16.67% increase compared to ¥114,240,272.87 in 2018[18]. - The net cash flow from operating activities improved significantly to ¥159,836,725.87 in 2019 from a negative ¥23,924,646.71 in 2018, marking a change of -768.08%[18]. - The total assets at the end of 2019 were ¥3,422,701,650.41, which is a 23.34% increase from ¥2,774,995,591.49 at the end of 2018[19]. - The net assets attributable to shareholders increased by 15.94% to ¥1,624,329,887.70 at the end of 2019 from ¥1,401,034,179.82 at the end of 2018[19]. - The basic earnings per share for 2019 was ¥0.74, up 17.46% from ¥0.63 in 2018[18]. - The company achieved a revenue of CNY 2.511 billion in 2019, representing a year-on-year increase of 9.17%[78]. - The net profit attributable to shareholders was around CNY 133 million, reflecting a year-on-year growth of 16.67%[78]. Business Operations and Strategy - The company operates in the construction decoration industry, which is subject to fluctuations due to external economic factors[4]. - The company has a comprehensive business model that integrates design, construction, and supporting services[11]. - The company is committed to green decoration practices, focusing on low-carbon activities that enhance quality of life[11]. - The company aims to enhance its market share by adjusting its development strategy in response to national policies and industry trends[32]. - The "Belt and Road" initiative and the Guangdong-Hong Kong-Macao Greater Bay Area construction are expected to provide long-term benefits to the construction decoration industry[32]. - The company has established a project evaluation process involving multiple departments to assess project feasibility and risks before project initiation[44]. - The company has a diverse portfolio, providing services to over 50 international brands across Greater China, Southeast Asia, and Europe and the United States[63]. - The company has undertaken design projects in overseas markets such as Myanmar, Sri Lanka, the Philippines, and Vietnam, aligning with the national Belt and Road Initiative to create more business opportunities[68]. Risk Management - The company faces risks from policy adjustments in the real estate industry, rising labor costs, and management challenges due to rapid growth[4]. - The company emphasizes the importance of risk awareness regarding future plans and strategic developments[4]. - The company anticipates risks from macroeconomic fluctuations and the impact of the COVID-19 pandemic on the construction industry[131]. - The company aims to enhance its internal risk management mechanisms to mitigate challenges faced in overseas operations[134]. Research and Development - The company has increased its R&D personnel by 39.01% to 392, with R&D investment rising by 6.08% to ¥98,050,343.94, representing 3.90% of operating revenue[103]. - The company is focusing on increasing R&D investment to maintain its status as a high-tech enterprise and mitigate potential impacts from tax policy changes[134]. - The company is actively pursuing research and development in smart home technologies, as evidenced by the introduction of an indoor environment monitoring system[72]. - The company emphasizes technological research and development, holding 79 authorized patents, including utility models and invention patents, and has developed proprietary knowledge through various intellectual property rights[69]. Market Presence and Expansion - The company has set up branches in nearly 100 major cities across China, including Nanjing, Shanghai, and Beijing, improving its marketing network and local market penetration[68]. - The company plans to continue expanding its overseas market presence, having established subsidiaries in Hong Kong, Macau, and Southeast Asia[88]. - The company is focusing on the EPC model, which integrates design and construction, to improve project execution and client satisfaction[130]. - The company plans to expand its market presence in high-end public building decoration, targeting sectors such as luxury hotels and high-quality residential projects[128]. Awards and Recognition - Cheng Chung Design (CCD) ranked first in the Asia-Pacific region in the "2020 Global Interior Design Top 100" list and third globally in the "2019 Global Hotel Design Top 100" list[28]. - The company was recognized as one of the top 500 Asian brands by the World Brand Lab during the reporting period[28]. - The company has received multiple prestigious awards, including the A&D Trophy Awards 2019 for best residential design and the Gold Key Awards for luxury hotel design, highlighting its competitive edge in the industry[63]. - CCD was recognized as one of Asia's top 500 brands by the World Brand Lab, further solidifying its market position[64]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure fair information disclosure[178]. - The company has a commitment to ensure that the entire set of documents for the initial public offering does not contain false records or omissions[147]. - The company has no non-operating fund occupation by major shareholders or related parties during the reporting period[149]. - The company has not initiated any poverty alleviation programs during the reporting period and has no plans for future initiatives[180].