Financial Performance - The company's revenue for Q1 2022 was ¥302,699,130.77, a decrease of 18.75% compared to ¥372,541,177.50 in the same period last year[4] - Net profit attributable to shareholders was ¥5,395,623.44, down 68.34% from ¥17,040,982.77 year-on-year[4] - Total operating revenue for the current period is $302.70 million, a decrease of 19% from $372.54 million in the previous period[17] - Net profit for the current period is $5.40 million, a decline of 68% compared to $16.85 million in the previous period[18] - Operating profit decreased to $6.84 million, down 59% from $16.81 million in the previous period[18] Cash Flow and Investments - The net cash flow from operating activities increased by 14.12% to ¥63,298,265.48 compared to ¥55,464,842.17 in the previous year[4] - Cash flow from operating activities generated a net amount of $63.30 million, an increase of 14% from $55.46 million in the previous period[21] - Cash flow from investment activities resulted in a net outflow of $11.78 million, an improvement from a net outflow of $83.81 million in the previous period[21] - Cash and cash equivalents rose to CNY 525,618,980.12 from CNY 514,584,858.02, indicating an increase of approximately 2.0%[13] - Cash and cash equivalents increased by $3.50 million, contrasting with a decrease of $129.44 million in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,813,387,614.48, a decrease of 6.02% from ¥2,993,648,119.82 at the end of the previous year[4] - The company's current assets totaled CNY 2,176,776,024.01, down from CNY 2,356,246,232.61, indicating a decrease of about 7.6%[14][16] - The total liabilities decreased from CNY 1,498,312,922.22 to CNY 1,314,199,373.56, a reduction of approximately 12.3%[15][16] - The company's equity increased slightly from CNY 1,495,335,197.60 to CNY 1,499,188,240.92, reflecting a growth of about 0.2%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,216[10] - The largest shareholder, Shenzhen Yatai Yizhao Investment Co., Ltd., holds 52.57% of the shares, totaling 141,961,723 shares[10] Operational Metrics - Financial expenses rose by 99.21% to ¥6,387,837.68, primarily due to significant exchange rate fluctuations[8] - The weighted average return on equity decreased to 0.36% from 1.06% year-on-year[4] - Research and development expenses rose to $16.20 million, up from $15.55 million in the previous period[17] - The company reported a foreign exchange loss of $1.18 million, compared to a gain of $1.90 million in the previous period[19] - Basic and diluted earnings per share decreased to $0.02 from $0.06 in the previous period[19] Inventory and Receivables - Accounts receivable increased to CNY 345,262,409.05 from CNY 338,990,360.39, showing a growth of approximately 1.3%[14] - Inventory decreased significantly from CNY 70,651,314.88 to CNY 50,869,374.63, representing a decline of about 28.1%[14] - The company’s contract assets decreased from CNY 1,094,187,693.51 to CNY 929,220,087.58, representing a decline of approximately 15.1%[14] - The company’s long-term investments slightly decreased from CNY 1,191,769.05 to CNY 1,165,486.48, a reduction of about 2.2%[14] Construction and Renovation - The company reported a significant increase in construction in progress by 190.94%, reaching ¥16,538,933.02 due to office renovations[7]

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].