证券代码：002818 证券简称：富森美 公告编号：2021-058 成都富森美家居股份有限公司 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 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 单位：元 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|--------------------------|--------------------- ...

成都富森美家居股份有限公司 2021 年第一季度报告全文 成都富森美家居股份有限公司 2021 年第一季度报告 2021 年 04 月 1 成都富森美家居股份有限公司 2021 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。 公司负责人刘兵、主管会计工作负责人王鸿及会计机构负责人(会计主管人 员)阚宗涛声明：保证季度报告中财务报表的真实、准确、完整。 2 成都富森美家居股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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 | 本报告 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[15]. - The company's operating revenue for 2020 was ¥1,327,599,762.60, a decrease of 18.02% compared to ¥1,619,488,068.32 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥773,298,519.87, down 3.47% from ¥801,120,864.82 in 2019[22]. - The net cash flow from operating activities decreased by 75.14% to ¥202,307,035.23 in 2020, compared to ¥813,646,953.64 in 2019[22]. - The company achieved a total revenue of 1,327.60 million CNY in 2020, with a net profit of 773.30 million CNY, reflecting a year-on-year decline of 18.02% and 3.47% respectively due to the impact of COVID-19[60]. - The total assets at the end of 2020 were ¥6,674,100,153.59, an increase of 11.37% from ¥5,992,595,352.96 in 2019[22]. - The company’s equity attributable to shareholders increased by 12.42% to 5,578.27 million CNY, with a net asset value per share of 7.42 CNY, up 13.11% from the previous year[60]. Market Strategy and Expansion - The company is focusing on expanding its market presence in the southwestern region of China, targeting a 30% increase in market share by 2022[15]. - New product lines, including eco-friendly furniture, are expected to launch in Q3 2021, aiming to capture the growing demand for sustainable products[15]. - The company is exploring potential acquisitions in the home decor sector to diversify its product offerings[15]. - The company aims to enhance its home decoration business by leveraging its resources in the home building materials industry and expanding its refined decoration services for real estate developers[41]. - The company has established over 300 suppliers for materials and accessories, enhancing its supply chain capabilities[41]. - The company is actively exploring new business development opportunities, including expanding its commercial chain management and import-export operations[125]. Digital Transformation and Innovation - The company has expanded its digital operations, integrating various stakeholders in the home furnishing industry through a "3+1" model, focusing on community, live streaming, and WeChat mini-programs[33]. - The company has implemented a new retail strategy, leveraging digital operations and financial services to adapt to the challenges posed by the pandemic[33]. - The company has been focusing on digital marketing strategies, including live streaming and short videos, to enhance online and offline integration and stabilize overall operations[61]. - The company launched innovative business models such as "Fusen Art Museum" and "Animal Symphony" to explore new consumption scenarios and diversify revenue streams[56]. - The company is focused on establishing a robust self-operated business model in cultural arts and new retail to enhance market and profit capabilities[125]. Financial Management and Investments - The company has invested 100 million RMB in technology development to enhance its online sales platform[15]. - The company is actively participating in targeted placements and equity investment funds to invest in high-growth, high-tech, and emerging enterprises[38]. - The company reported a significant increase in long-term equity investments, totaling ¥388,746,936.46, primarily due to investments in Hongming Electronics and Yunzhi Tianxia[47]. - The total amount of investment properties was ¥1,784,145,057.81, accounting for 26.73% of total assets, a decrease from 32.19% in the previous year[78]. - The company intends to leverage its cash flow advantages to expand external value investments and develop new profit sources through financial services such as commercial factoring and personal loans[125]. Risk Management and Challenges - Risk management strategies have been outlined to address potential supply chain disruptions due to global market conditions[5]. - The company is committed to reducing risks from macroeconomic fluctuations by upgrading services and expanding revenue channels[129]. - The company faces intensified competition in the home furnishing industry, necessitating new service models and profit growth strategies[130]. - The company provided a one-month rent waiver to self-operated merchants during the COVID-19 pandemic, impacting its performance but not its long-term viability[131]. Shareholder and Corporate Governance - The company plans to distribute a cash dividend of 6 RMB per 10 shares, based on a total of 751,739,260 shares[5]. - The cash dividend distribution represents 58.33% of the net profit attributable to ordinary shareholders, which was RMB 773,298,519.87 for the year 2020[145]. - The company has a cash dividend policy that requires a minimum of 20% of the profit distribution to be in cash dividends during its growth stage[148]. - The company guarantees that the prospectus for its initial public offering does not contain any false records or significant omissions, ensuring compliance with legal issuance conditions[151]. - The company has established a long-term commitment to maintain transparency and accountability in its financial disclosures and shareholder communications[151].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[15]. - The company's operating revenue for 2020 was ¥1,327,599,762.60, a decrease of 18.02% compared to ¥1,619,488,068.32 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥773,298,519.87, down 3.47% from ¥801,120,864.82 in 2019[22]. - The net profit after deducting non-recurring gains and losses was ¥661,802,193.61, a decrease of 12.36% from ¥755,135,704.82 in 2019[22]. - The net cash flow from operating activities was ¥202,307,035.23, a significant decline of 75.14% compared to ¥813,646,953.64 in 2019[22]. - The overall gross margin improved to 35%, up from 32% in the previous year[15]. - The company achieved a total revenue of 1,327.60 million CNY in 2020, with a net profit of 773.30 million CNY, reflecting a year-on-year decline of 18.02% and 3.47% respectively due to the impact of COVID-19[61]. - The revenue from market leasing and services accounted for 87.74% of total revenue, amounting to approximately ¥1.16 billion, down 9.65% from the previous year[68]. - The gross profit margin for the business services sector was 67.55%, showing a slight increase of 0.80% year-on-year[68]. Market Expansion and Strategy - The company plans to distribute a cash dividend of 6 RMB per 10 shares, based on a total of 751,739,260 shares[5]. - User data showed a growth in active customers by 25%, reaching 500,000 by the end of 2020[15]. - The company is expanding its market presence with the opening of 10 new retail locations in 2021[15]. - The company has initiated a strategic partnership with a technology firm to enhance its e-commerce capabilities[15]. - Future guidance indicates a revenue growth target of 10-15% for 2021[15]. - The company is exploring potential acquisitions to strengthen its supply chain and product offerings[15]. - The company aims to expand its market presence by developing nine different retail formats to cater to diverse consumer needs[45]. - The company has maintained its market leadership in Chengdu, with over 1.1 million square meters of self-operated retail space and more than 3,000 cooperative merchants[44]. - The company is actively participating in the equity investment of high-growth and high-tech enterprises to enhance its strategic layout and profitability[39]. - The company aims to drive growth through new retail, cultural arts, commercial chains, financial development, and value investment in 2021[105]. Investment and Financial Management - Investment in new product development increased by 30%, focusing on smart home solutions[15]. - The company reported a significant increase in long-term equity investments, totaling ¥388,746,936.46, primarily due to investments in Hongming Electronics and Yunzhi Tianxia[48]. - The company's prepayments increased by ¥45,863,857.94, a rise of 620%, mainly due to a directed issuance agreement with Sichuan Yahua Industrial Group Co., Ltd.[48]. - Other current assets rose by ¥635,642,902.13, reflecting a growth of 364.48%, attributed to an increase in receivables from factoring and small loans[48]. - The company has established a new retail subsidiary, aiming to create a new model for the home furnishing market, with the first self-operated new retail store "Animal Symphony" launched in December 2020[37][39]. - The company has established a new small loan company to enhance its service system and provide convenient financial services to small and micro enterprises, which is expected to improve overall competitiveness and increase revenue[95]. - The company has ongoing construction projects, including the "Fusenmei Home Garden Project," with an investment of ¥10,237,401.02 and a cumulative actual investment of ¥566,868,843.70[86]. - The total investment amount for the reporting period was ¥5,806,436,230.90, representing a 94.27% increase compared to ¥2,988,870,800.31 in the same period last year[83]. Risk Management and Challenges - The company faces risks from intensified market competition in the home furnishing industry, which may increase costs and reduce profitability[133]. - The company has taken measures to mitigate risks from unexpected events, such as waiving rent for self-operated merchants during the COVID-19 pandemic, impacting short-term performance but not long-term viability[134]. - The company recognizes the need to strengthen human resources and innovation capabilities to adapt to new market conditions and ensure stable growth[104]. Shareholder Returns and Policies - The company plans to distribute a cash dividend of RMB 6 per 10 shares, totaling RMB 451,043,556.00 based on a total share capital of 751,739,260 shares as of December 31, 2020[143]. - The cash dividend for 2020 represents 58.33% of the net profit attributable to ordinary shareholders, which is RMB 773,298,519.87[149]. - The company’s cash dividend payout ratio is set to a minimum of 20% during its growth phase with significant capital expenditures planned[150]. - The company’s cash dividends have shown a consistent increase, with 2020's total cash dividend being higher than the previous year's[149]. - The company has a three-year shareholder return plan (2020-2022) that guides its profit distribution strategy[141]. Corporate Governance and Compliance - The company has a long-term commitment to ensure that the prospectus for its initial public offering does not contain any misleading statements or omissions[153]. - The company guarantees that any profits from non-compliance with commitments will be returned to the company within 5 working days[155]. - The company has committed to repurchase all newly issued shares if any false statements or omissions are found in the prospectus, with compensation covering investment losses and related costs[151]. - The company has established a long-term commitment to avoid any financial occupation by related parties, ensuring compliance with internal regulations[159]. - The company has not experienced any changes in accounting policies or estimates during the reporting period[162]. Operational Efficiency and Innovation - The company has implemented a digital operation strategy, integrating various stakeholders in the home furnishing industry to enhance its retail model[34]. - The company has integrated digital marketing strategies, utilizing live streaming and social media to drive traffic to its retail spaces, resulting in stable operational performance[62]. - The company has established a comprehensive management system focusing on information technology, precision, and standardization to enhance operational efficiency[58]. - The company will focus on optimizing store operations and enhancing customer experience to maintain competitive advantages in the market[123].

Financial Performance - Operating revenue for the period was CNY 348,004,014.50, representing a decrease of 8.71% year-on-year and a decline of 17.80% year-to-date[8] - Net profit attributable to shareholders was CNY 185,911,040.73, down 5.02% from the same period last year and down 17.27% year-to-date[8] - Basic earnings per share were CNY 0.25, a decrease of 3.85% compared to the previous year[8] - The company reported a significant increase in other income, which rose by 54.15% to CNY 4,625,783.49, due to increased government subsidies compared to the previous year[24] - The company reported a total profit of CNY 278,407,277.79, down from CNY 337,841,704.72, indicating a decrease of 17.6%[91] - The net profit attributable to the parent company was CNY 496,732,027.61, a decrease of 17.3% compared to CNY 600,402,280.40 in the same period last year[87] Cash Flow - Net cash flow from operating activities was CNY 82,814,009.88, a significant decline of 74.06% compared to the same period last year[8] - The cash flow from operating activities for the third quarter was ¥341,614,109.80, a decrease of 51.3% compared to ¥701,730,419.27 in the same period last year[94] - The cash outflow for operating activities increased significantly to ¥673,567,000.49 from ¥452,268,543.26 in the previous year[94] - The total cash and cash equivalents at the end of the period were ¥332,504,674.28, down from ¥1,249,196,440.02 at the end of the previous year[99] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,370,856,468.91, an increase of 6.31% compared to the end of the previous year[8] - The total liabilities decreased to ¥909,833,178.28 from ¥1,009,670,573.04, reflecting a reduction of approximately 9.9%[62] - The company's total assets as of September 30, 2020, amounted to CNY 5,329,646,232.07, an increase from CNY 4,991,236,848.70 at the end of 2019[69] Shareholder Information - The top shareholder, Liu Bing, holds 43.24% of the shares, with a total of 327,100,886 shares[12] - The company has not engaged in any repurchase transactions during the reporting period[18] - The company plans to repurchase shares with a total amount between RMB 60 million and RMB 100 million, with a maximum repurchase price of RMB 22.00 per share[39] Operational Efficiency - The company is focusing on cost management and operational efficiency to navigate the current market challenges[72] - The total operating costs for the year-to-date period were CNY 409,929,729.51, down from CNY 483,480,249.36, a decrease of 15.2%[83] - Operating costs for the quarter were CNY 44,763,689.23, down from CNY 53,969,063.83, indicating a reduction of 16.5%[77] Investment Activities - The company reported a 45.86% increase in trading financial assets, reaching CNY 1,542,092,316.72, attributed to enhanced cash management and increased investment in financial products[22] - Investment payments increased by 60.21% to CNY 3,362,787,055.19, reflecting the company's strategy to enhance cash management and increase investments in financial products[25] - The company has engaged in wealth management with a total amount of ¥222,551,000, with no overdue amounts reported[50] Future Plans - The company plans to continue focusing on market expansion and new product development strategies in the upcoming quarters[81] - The company is actively expanding into the smart home sector and has plans for future investments in this area[54]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the same period last year[16] - The company's operating revenue for the first half of 2020 was ¥607,895,316.75, a decrease of 22.23% compared to the same period last year[22] - The net profit attributable to shareholders was ¥310,820,986.88, down 23.19% year-on-year[22] - The net profit after deducting non-recurring gains and losses was ¥287,721,073.35, a decline of 25.62% compared to the previous year[22] - The net cash flow from operating activities was ¥258,800,099.92, representing a decrease of 32.34% year-on-year[22] - The company's operating revenue for the first half of 2020 was approximately ¥607.90 million, a decrease of 22.23% compared to ¥781.70 million in the same period last year[68] - Net profit for the first half of 2020 was CNY 310,305,972.92, a decline of 23.3% compared to CNY 404,655,579.87 in the first half of 2019[198] Market Expansion and Strategy - User data showed an increase in active customers by 25%, reaching 1.5 million users[16] - The company plans to expand its market presence by opening 5 new stores in key cities by the end of 2020[16] - Future guidance indicates a projected revenue growth of 12% for the second half of 2020, driven by increased consumer demand[16] - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[16] - The company aims to enhance its online sales platform, targeting a 30% increase in e-commerce sales by the end of 2020[16] - The company is focusing on the "one-stop" home decoration service model, integrating design, products, construction, and delivery[31] - The company is actively exploring online marketing strategies, including live streaming and short videos, to drive traffic to physical stores[57] Financial Management and Investments - The company has over 90,000 square meters of self-operated market space and more than 3,000 merchants[31] - The company is leveraging its financial services, including factoring and small loans, to support merchants and customers[34] - The company has added non-current financial assets of ¥326,301,435.19, primarily from investments in a structured entity[37] - The company has expanded its financial investment channels, including factoring and micro-loans, to improve supply chain financial efficiency and customer loyalty[65] - The company established a microloan company with an investment of CNY 500,000,000, holding a 100% stake[79] - The company invested CNY 200 million in the "Chuanjing Fund," holding a 75.48% stake, which aims to promote the development of new electronic components and create new profit growth points[95] Operational Efficiency and Cost Management - The company has implemented a comprehensive information management system to improve operational efficiency and management accuracy[47] - The company reduced rental and service fees for merchants by approximately 103 million yuan in February due to the pandemic[50] - The company's operating costs decreased by 12.91% to approximately ¥204.56 million from ¥234.89 million year-on-year[68] - The company provided a one-month rent waiver for self-operated merchants to support them during the COVID-19 pandemic, significantly impacting the company's performance for the year[101] Risk Management and Challenges - The company has identified risks related to supply chain disruptions and is implementing strategies to mitigate these risks[7] - The company anticipates challenges due to the slowing macroeconomic growth and increased competition in the home furnishing industry[98][99] - The company is focused on enhancing its competitive edge through service upgrades and cost reduction strategies in response to market challenges[99] Shareholder and Equity Information - The company held its annual and temporary shareholder meetings with participation rates of 80.12% and 80.24%, respectively[104] - The total number of common shareholders at the end of the reporting period was 23,907[157] - The largest shareholder, Liu Bing, holds 43.24% of the shares, totaling 327,100,886 shares[160] - The company has not experienced any changes in its controlling shareholder during the reporting period[164] - The total number of restricted shares released during the reporting period was 254,847 shares[156] Corporate Social Responsibility - The company has actively participated in poverty alleviation efforts, donating 15 computers worth 56,830 CNY to a school in Danba County, Sichuan Province[141] - The company has made a contribution of 5.68 million CNY towards improving educational resources in impoverished areas[143] - The company has implemented various energy-saving and environmental protection measures, promoting a "green" consumption concept[140]

成都富森美家居股份有限公司 2020 年第一季度报告全文 成都富森美家居股份有限公司 2020 年第一季度报告 2020 年 04 月 1 成都富森美家居股份有限公司 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。 公司负责人刘兵、主管会计工作负责人王鸿及会计机构负责人(会计主管人 员)阚宗涛声明：保证季度报告中财务报表的真实、准确、完整。 2 成都富森美家居股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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 追溯调整或重述原因 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|------------------|- ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[14]. - The company's operating revenue for 2019 was ¥1,619,488,068.32, representing a year-over-year increase of 13.96%[20]. - The net profit attributable to shareholders for 2019 was ¥801,120,864.82, reflecting an 8.97% increase compared to the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥755,135,704.82, up by 5.07% year-over-year[20]. - The net cash flow from operating activities decreased by 9.75% to ¥813,646,953.64 in 2019[20]. - The total assets at the end of 2019 amounted to ¥5,992,595,352.96, a 3.67% increase from the previous year[22]. - The net assets attributable to shareholders at the end of 2019 were ¥4,962,048,015.98, showing a growth of 10.19% year-over-year[22]. - The company achieved a revenue growth of 6.1%, with the total retail sales of consumer goods in China increasing by 8.0%[38]. - The company reported a good financial status, capable of meeting current operational and investment funding needs for 2020[132]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, based on a total of 756,494,900 shares[6]. - The company plans to distribute cash dividends of RMB 1.50 per 10 shares, totaling RMB 113,474,235.00 for the year 2019[139]. - In 2019, the cash dividend payout ratio was 33.05% of the net profit attributable to ordinary shareholders, amounting to RMB 264,731,215.00[144]. - The total cash dividend, including other methods, amounts to RMB 116,052,429.40, which represents 100% of the distributable profit[145]. - The company's distributable profit for the period is RMB 2,145,970,653.81[145]. - The company has a commitment to ensure that cash dividends constitute at least 20% of the profit distribution when significant capital expenditures are planned[145]. - The company’s profit distribution plan complies with relevant laws, regulations, and its articles of association[146]. Market Expansion and Strategy - The company is focusing on expanding its market presence, with plans to open 5 new stores in 2020[14]. - Future guidance estimates a revenue growth of 12% for 2020, driven by new product launches and market expansion[14]. - The company is exploring potential acquisitions to strengthen its market position and diversify its product offerings[14]. - The company aims to expand its market presence by exploring international opportunities, particularly along the "Belt and Road" initiative, to increase market share and enhance brand value[115]. - The company is actively exploring new business models and paths through the establishment of an innovation department, aiming to find a "second curve" for growth[36]. - The company has established strategic partnerships with leading local furniture manufacturers, enhancing its market position and resource integration[35]. Operational Efficiency and Management - The company has initiated a strategic partnership with local suppliers to enhance supply chain efficiency[14]. - The company employs a combination of self-operated and entrusted management sales models to optimize asset and business structure[31]. - The company focuses on enhancing profitability through market leasing income, service income, and office building sales, adjusting strategies based on market conditions[32]. - The company has developed a standardized and efficient operational management system, enhancing its information technology service level[51]. - The company aims to enhance operational management by optimizing business processes and controlling costs to improve efficiency and quality[130]. - The company will enhance human resource development to meet the growing demand for professional and versatile talent due to business expansion and operational changes[110]. Risk Management - Risk management strategies have been outlined to address potential market fluctuations and operational challenges[6]. - The company has implemented measures to mitigate risks from macroeconomic slowdowns and unexpected events, including waiving rent for self-operated merchants during the COVID-19 pandemic[136]. Investment Activities - The company plans to invest ¥5 billion to establish a small loan company to alleviate financing difficulties for merchants and core enterprises in the supply chain[65]. - The company has invested ¥2 billion to subscribe to the transfer of shares in Hongming Electronics, aiming to expand its industrial strategic layout[65]. - The total investment amount for the reporting period reached ¥2,988,870,800.31, a significant increase of 341.28% compared to the previous year's ¥677,319,065.45[93]. - The company participated in the establishment of a private equity investment fund with a contribution of 200 million yuan, alongside other partners[191]. Legal and Compliance - The company faced a lawsuit regarding a contract dispute with a merchant, with the amount involved being 2.7843 million CNY, and the court ruled in favor of the company[178]. - Another lawsuit related to a leasing contract dispute involved an amount of 986,900 CNY, which has been fully recovered as of the end of the reporting period[178]. - The company has not reported any significant accounting errors or changes in accounting estimates during the reporting period[170]. - The company has confirmed that there are no non-operational fund occupations by major shareholders during the reporting period[166]. Shareholder Commitments - The company’s major shareholder has committed to increasing their stake in the company, planning to invest at least 100 million RMB over the next 12 months[166]. - The company has committed to ensuring that its initial public offering (IPO) prospectus does not contain false records, misleading statements, or significant omissions, with potential compensation for investors in case of violations[152]. - The company has committed to a share buyback plan, intending to purchase no less than 30,000 shares and not exceeding 1% of total share capital within six months[164].

Financial Performance - Net profit attributable to shareholders increased by 13.45% to CNY 195,746,700.53 for the current period[7] - Operating revenue for the current period was CNY 381,201,130.00, reflecting a growth of 14.56% year-on-year[7] - Basic earnings per share rose by 18.18% to CNY 0.26 for the current period[7] - The weighted average return on equity was 4.09%, up from 3.87% in the previous year[7] - The company achieved a net profit of CNY 43,190,100.00 with sales revenue of CNY 138,048,300.00 for the first nine months of 2019[23] - Net profit for Q3 2019 reached CNY 195,832,959.40, compared to CNY 172,537,886.26 in the previous year, reflecting a growth of approximately 13.5%[56] - The company reported a basic earnings per share of CNY 0.26 for Q3 2019, up from CNY 0.22 in the same quarter last year, representing an increase of 18.2%[56] - The company achieved a net profit margin of approximately 8.1% for the current period[64] - Net profit for the current period was ¥287,106,924.58, compared to ¥288,592,399.66 in the previous period, showing a decrease of about 0.51%[74] Assets and Liabilities - Total assets increased by 4.08% to CNY 6,016,106,923.84 compared to the end of the previous year[7] - Total current assets increased to CNY 2,339,689,962.16 as of September 30, 2019, up from CNY 1,897,523,913.46 on December 31, 2018, representing a growth of approximately 23.3%[43] - Total liabilities decreased slightly to CNY 1,233,560,510.79 from CNY 1,277,171,238.51, a reduction of about 3.4%[45] - The total liabilities increased to CNY 1,119,751,209.05 from CNY 707,699,808.40, marking a rise of about 58.0%[54] - The company’s long-term equity investments increased to CNY 905,107,416.56 from CNY 883,882,656.56, showing a growth of about 2.5%[50] Cash Flow - The net cash flow from operating activities was CNY 319,250,215.19, an increase of 9.86% compared to the same period last year[7] - Cash and cash equivalents rose significantly to CNY 1,251,032,178.81 from CNY 620,441,029.71, marking an increase of about 101.0%[41] - The net cash flow from operating activities was CNY 335,280,648.24, a decrease of 8.95% compared to CNY 368,244,878.79 in the previous period[84] - The total cash inflow from investment activities was CNY 2,258,502,479.89, significantly higher than CNY 1,330,054,334.25 in the previous period, marking an increase of 69.5%[84] - The total cash and cash equivalents at the end of the period amounted to CNY 829,718,094.67, down from CNY 1,005,184,103.02 in the previous period, reflecting a decrease of 17.5%[85] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,155[10] - The largest shareholder, Liu Bing, holds 43.24% of the shares, totaling 327,100,886 shares[10] Government Support and Subsidies - The company received government subsidies amounting to CNY 2,524,487.82 during the reporting period[7] - Other income increased by 137.91% to CNY 3,000,792.96, primarily due to higher government subsidies received[15] Investments and Financial Activities - The company reported non-recurring gains and losses amounting to CNY 32,648,774.61 for the current period[9] - The company completed a cash capital increase in Sichuan Jiannan Construction Decoration Co., Ltd., raising CNY 21,224,760.00, which will enhance its competitive edge in the home decoration market[20] - The company has engaged in entrusted wealth management, with a total amount of CNY 140.9 million, including CNY 46 million in bank financial products and CNY 75.9 million in trust financial products[34] - The company has no overdue amounts in its entrusted wealth management products, indicating effective management of financial assets[34] - The company has committed to timely information disclosure regarding its investment and financial activities as required by regulations[25] Operational Costs - Total operating costs for Q3 2019 amounted to CNY 166,894,645.99, up from CNY 134,996,078.22, indicating an increase of about 23.6%[54] - Total operating costs increased to $483,480,249.36, up 12.49% from $429,744,921.35 in the previous year[67] Future Plans - The company plans to establish a wholly-owned subsidiary, Chengdu Chenghua Fusenmei Microfinance Co., Ltd., with a registered capital of CNY 50 million to enhance financial services for small and micro enterprises[24] - The company has approved a plan to repurchase part of its public shares, with the plan passed at the second extraordinary general meeting of shareholders on September 20, 2019[25] - As of September 30, 2019, the company had not yet purchased any shares under the repurchase plan[25]

Financial Performance - The company's operating revenue for the reporting period was ¥781,702,234.71, representing a year-on-year increase of 5.23% compared to ¥742,835,425.99 in the same period last year[20]. - The net profit attributable to shareholders was ¥404,655,579.87, reflecting a growth of 3.45% from ¥391,163,628.64 in the previous year[20]. - The net cash flow from operating activities decreased by 20.73%, amounting to ¥382,480,204.08, down from ¥482,531,785.26 in the previous year[20]. - The total assets at the end of the reporting period were ¥5,771,316,793.60, showing a slight decrease of 0.15% from ¥5,780,264,122.85 at the end of the previous year[20]. - The company's basic earnings per share for the reporting period was CNY 0.54, an increase of 3.85% compared to the same period last year[130]. - The diluted earnings per share for the reporting period was CNY 0.53, an increase of 1.92% compared to the same period last year[130]. - The total operating revenue for the first half of 2019 reached CNY 781,702,234.71, an increase from CNY 742,835,425.99 in the same period of 2018, representing a growth of approximately 5.5%[193]. - Net profit for the first half of 2019 was CNY 404,655,579.87, compared to CNY 391,163,628.64 in the same period of 2018, reflecting a growth of approximately 3.4%[194]. Dividend and Shareholder Information - The company reported a cash dividend of 2 RMB per 10 shares, based on a total of 756,494,900 shares[5]. - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 151,298,980.00, which represents 100% of the distributable profit[84]. - As of June 30, 2019, the company's undistributed profits amounted to CNY 2,130,995,703.77[86]. - The company completed a share capital increase, resulting in a total share count of 756,494,900 shares[123]. - The company implemented a profit distribution plan and capital reserve conversion plan, increasing the total share capital from 444,997,000 shares to 756,494,900 shares[130]. Operational Overview - The report period covers from January 1, 2019, to June 30, 2019, with comparisons made to the same period in 2018[12]. - The company has a total of six wholly-owned subsidiaries, contributing to its operational capabilities[11]. - The company has maintained consistent contact information and operational addresses throughout the reporting period[17]. - The company's self-operated market area exceeded 900,000 square meters, with over 2,700 merchants operating within its premises[27]. - The company organized 12 large-scale marketing events during the reporting period, enhancing brand influence and service capabilities[50]. Risk Management and Strategic Development - The company has outlined potential risks and corresponding mitigation strategies in the report[5]. - The company aims to expand its market presence through a combination of self-operated and entrusted management models, optimizing asset and business structure[28]. - The company plans to enhance its management and service offerings to mitigate risks associated with macroeconomic slowdowns and maintain consumer flow[73]. - The company is actively monitoring the operational status of its merchants to prevent declines in rental and service fees, which are critical to its revenue[75]. - The company aims to diversify its business and explore new profit growth points to counteract risks from concentrated operations in property leasing[73]. Financial Position and Assets - The total investment amount for the reporting period reached ¥1,753,596,824.70, a significant increase of 217.72% compared to ¥551,923,223.91 in the same period last year[61]. - The company's cash and cash equivalents decreased by 57.78% to ¥492,966,951.94 from ¥620,441,029.71 at the end of the previous year[57]. - The total assets at the end of the reporting period were significantly impacted, with monetary funds decreasing due to increased investment in financial products and dividend payments[57]. - The company's accounts receivable increased to ¥42,406,912.19, reflecting a rise in sales of office buildings[57]. - The company's total shares held by the top 10 unrestricted ordinary shareholders amounted to 7,898,200 shares for Chengdu Boyuan Tianhong Investment Partnership[135]. Corporate Governance and Management - The company emphasizes the importance of accurate financial reporting, ensuring the completeness and truthfulness of the semi-annual report[4]. - The board of directors has ensured that all members attended the meeting to review the report, highlighting governance transparency[5]. - The company has a talent management system in place to ensure sufficient talent reserves for future strategic development[79]. - The company has committed to enhancing its talent cultivation and management systems to meet future management needs[79]. - The company has not experienced any major litigation or arbitration matters during the reporting period[92]. Environmental and Social Responsibility - The company has implemented various energy-saving and environmental protection measures, promoting a "green home decoration" concept[118]. - The company has no significant environmental protection issues and is not listed as a key pollutant discharge unit[118].