Financial Performance - The company's revenue for Q3 2022 was ¥300,882,431.87, a decrease of 22.13% compared to the same period last year[6] - Net profit attributable to shareholders for Q3 2022 was ¥142,741,471.65, down 39.33% year-on-year[6] - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥141,654,939.63, a decrease of 25.83% compared to the previous year[6] - Total operating revenue for Q3 2022 was CNY 1,090,116,362.51, a decrease of 3.8% from CNY 1,128,537,735.60 in the same period last year[30] - Net profit for Q3 2022 was CNY 626,237,887.64, compared to CNY 711,867,835.20 in Q3 2021, indicating a decline of 12.0%[33] - Basic earnings per share for Q3 2022 were CNY 0.81, down from CNY 0.93 in the previous year, reflecting lower profitability[33] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥6,956,708,208.31, a decline of 3.59% from the end of the previous year[6] - The company's total liabilities increased to CNY 1,001,229,427.05 from CNY 988,683,539.14, showing a rise in financial obligations[30] - The total equity attributable to shareholders decreased by 4.84% to ¥5,754,770,581.43 compared to the end of the previous year[6] - The total equity attributable to shareholders of the parent company decreased to CNY 5,754,770,581.43 from CNY 6,047,390,816.78, reflecting a reduction in retained earnings[30] Cash Flow - Cash flow from operating activities for the year-to-date was ¥960,113,733.01, a slight decrease of 0.70% compared to the same period last year[6] - Operating cash inflow for the period was $1,589,471,746.05, a slight increase from $1,566,249,858.25 in the previous period[37] - Net cash flow from investing activities was $78,818,071.25, a significant improvement compared to a negative $707,353,178.90 in the previous period[37] - Cash inflow from investment recovery was $2,842,465,004.00, down from $3,005,103,569.01 in the previous period[37] - The company’s cash flow from operating activities was $960,113,733.01, slightly lower than $966,923,058.77 in the previous period[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 25,878, with the top ten shareholders holding significant stakes[15] - Liu Bing holds 43.70% of shares, Liu Yunhua holds 27.70%, and Liu Yi holds 8.71%[15] - The company distributed cash dividends of RMB 4.00 per 10 shares, totaling RMB 299,383,576.00, based on a total share capital of 748,458,940 shares as of June 30, 2022[20] Operational Insights - The company reported a significant increase in contract assets, which rose by 85.38% to ¥87,715,050.49 due to increased renovation project inputs[11] - The company’s contract liabilities rose to CNY 74,440,366.33 from CNY 52,540,694.55, indicating an increase in customer prepayments[30] - The company is actively involved in market expansion and has implemented strategies to support merchants during challenging operational conditions[20] - The company plans to enhance its market expansion efforts and invest in new product development to drive future growth[30] Financial Management - The company’s financial expenses decreased by 1039.55% to -¥492,423.76, primarily due to reduced interest payments on restricted stock[13] - Total operating costs amounted to CNY 440,405,514.92, down from CNY 448,493,555.80, reflecting a cost reduction strategy[30] - Cash outflow from financing activities totaled $908,916,033.36, up from $476,686,245.10 in the previous period, resulting in a net cash flow of -$897,580,513.36[40] - The company paid $898,916,033.36 in dividends and interest, significantly higher than $448,070,277.10 in the previous period[40]

证券代码：002818 证券简称：富森美 公告编号:2022-052 成都富森美家居股份有限公司 关于参加年四川辖区上市公司 2022 年投资者 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的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，成都富森美家居股份有限公司（以下简 称"公司"）将参加由四川证监局、四川省上市公司协会与深圳市全景网络有限 公司联合举办的"2022 年四川辖区上市公司投资者集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2022 年 9 月 16 日（周五） 14:00-17:00。届时 公司高管将在线就公司 2022 年半年度业绩、公司治理、发展战略、 经营状况、 和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者 踊跃参与！ 出席本次集体接待日的人员有：公司董事长刘兵，副总经理、财务总监王鸿， 副总经理、董事会秘书张凤术 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥789,233,930.64, representing a 6.35% increase compared to ¥742,123,095.09 in the same period last year[25]. - The net profit attributable to shareholders was ¥462,786,916.54, a slight increase of 0.63% from ¥459,880,808.09 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥439,721,693.39, which is a 7.08% increase from ¥410,631,512.28 in the previous year[25]. - The company's total assets at the end of the reporting period were ¥7,047,407,591.10, down 2.33% from ¥7,215,639,057.22 at the end of the previous year[25]. - The basic earnings per share for the reporting period was ¥0.62, reflecting a 1.64% increase from ¥0.61 in the previous year[25]. - The total revenue for the reporting period reached ¥789,233,930.64, representing a year-on-year increase of 6.35% compared to ¥742,123,095.09 in the same period last year[56]. - The operating costs amounted to ¥223,243,080.20, which is a 6.11% increase from ¥210,395,633.93 in the previous year[56]. - The net cash flow from operating activities decreased by 11.86% to ¥663,105,497.68 from ¥752,336,327.68 in the same period last year[25]. - The company reported a significant reduction in investment cash flow, which improved by 92.88% to -¥44,339,704.55, compared to -¥623,070,296.60 last year, mainly due to the redemption of financial products[56]. - The total comprehensive income for the first half of 2022 was CNY 479,290,839.18, compared to CNY 473,396,139.55 in the first half of 2021, indicating a growth of approximately 1.9%[190]. Market Strategy and Expansion - The company has a comprehensive strategy for market expansion, including new retail initiatives and management output projects in various cities[16]. - The company aims to enhance efficiency, control costs, and improve customer experience through its unified brand and operational management system[34]. - The company plans to establish 500 smart home experience centers by 2025 as part of its strategy to enhance brand quality and consumer experience[41]. - The company is actively expanding its import and export agency business, maintaining close cooperation with 10 ports/airports in Europe and 7 domestic ports[47]. - The company is focusing on the renovation of existing homes, which is expected to drive growth in the home improvement market[40]. - The company is also exposed to intensified market competition, particularly from e-commerce and cross-industry operations, and is adapting by enhancing service offerings and expanding its business model[83]. - The company is implementing measures to manage risks from unexpected events, including natural disasters and pandemics, by improving property management and emergency preparedness[84]. Corporate Governance and Transparency - The company emphasizes the importance of accurate financial reporting and has ensured that all board members attended the meeting to review the report[4]. - The company is committed to transparency and has made all relevant documents available for public review as required by regulatory authorities[4]. - The annual shareholders' meeting had an investor participation rate of 81.14% on April 21, 2022[87]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[91]. - The company did not experience any bankruptcy reorganization during the reporting period[111]. - There were no significant litigation or arbitration matters during the reporting period[112]. Social Responsibility and Sustainability - The company actively promotes "green home decoration" and "green marketplace" concepts, focusing on energy conservation and environmental protection measures[94]. - The company has engaged in social responsibility initiatives, including donations to support local poverty alleviation efforts and community welfare[96]. - The company is committed to reducing carbon emissions through various energy-saving measures across its operations[95]. - The company emphasizes the importance of maintaining good public relations and fulfilling its social responsibilities to contribute to societal development[96]. Investment and Financial Management - The total investment amount for the reporting period reached ¥3,594,170,825.64, representing a 59.17% increase compared to ¥2,258,012,381.14 in the same period last year[66]. - The company has made significant equity investments, totaling ¥16,950,480.00, with a holding ratio of 98.00% in a newly established partnership[67]. - The company has ongoing construction projects with an actual investment of ¥965,729,615.14, which is 54.41% of the planned progress[70]. - The company has established several funds, including the Chuxing Fund with a total scale of 100 million, where it holds a 99.90% stake, and the Jiefeng Fund with a scale of 50 million, where it holds a 98.00% stake[79][80]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[107]. - The company reported a financial expense of CNY -342,738.82 in the first half of 2022, a significant improvement compared to CNY 121,814.29 in the same period of 2021[188]. Employee Development and Training - The company conducted 27 training sessions with 529 participants to enhance employee skills and organizational effectiveness during the reporting period[48]. - The company has committed to improving operational efficiency, aiming to reduce costs by 5% through streamlined processes and technology integration[101].

Financial Performance - The company's operating revenue for Q1 2022 was ¥390,555,914.93, representing a 13.29% increase compared to ¥344,725,350.13 in the same period last year[6]. - Net profit attributable to shareholders for Q1 2022 was ¥226,295,995.20, a 33.53% increase from ¥169,466,340.46 in the previous year[6]. - Basic earnings per share for Q1 2022 were ¥0.30, up 30.43% from ¥0.23 in the same period last year[6]. - Net profit for the quarter was ¥232,683,719.21, representing a 33.7% increase from ¥173,912,809.04 in the same period last year[33]. - The company reported an operating profit of ¥271,669,013.62, up from ¥199,605,085.38, indicating a growth of 36.1% year-over-year[30]. - Investment income for the quarter was ¥28,593,414.36, compared to ¥24,398,762.86 in the previous year, marking a 17.9% increase[30]. Cash Flow - The net cash flow from operating activities was ¥209,578,883.93, showing a 3.93% increase from ¥201,661,856.98 in Q1 2021[6]. - The total cash inflow from operating activities was 444,034,932.31 yuan, an increase from 402,249,013.23 yuan in the previous period, representing a growth of about 10.4%[35]. - Cash received from sales of goods and services was 397,817,962.45 yuan, up from 384,658,003.45 yuan, reflecting an increase of approximately 3.0%[35]. - The net cash flow from investing activities was -254,388,970.71 yuan, an improvement from -344,704,927.38 yuan in the previous period, showing a reduction in losses of about 26.2%[38]. - The net cash flow from financing activities decreased by 250.46% to -¥530,666.46, mainly due to cash dividends paid to minority shareholders[11]. - The ending balance of cash and cash equivalents was 228,527,252.75 yuan, down from 408,122,053.63 yuan, reflecting a decrease of approximately 44.0%[38]. Assets and Liabilities - Total assets at the end of Q1 2022 were ¥7,426,090,697.09, a 2.92% increase from ¥7,215,639,057.22 at the end of the previous year[6]. - The company's total liabilities decreased to ¥967,350,912.71 from ¥988,683,539.14, a reduction of approximately 2.5%[26]. - The company's total liabilities decreased to 1,000,000,000.00 RMB, remaining stable compared to the previous period[20]. - The company's cash and cash equivalents decreased to 228,527,252.75 RMB from 273,868,005.99 RMB, representing a decline of about 16.54%[20]. - The total current assets increased to 3,203,435,475.52 RMB, up from 3,127,945,280.78 RMB, indicating a growth of approximately 2.41%[23]. Investments and Acquisitions - The company completed the acquisition of a 49% stake in Baiyanjia, making it a wholly-owned subsidiary, with the transaction valued at 490,000 RMB[16]. - The company invested 4,900,000 RMB in the Jiaxing Jiefeng Venture Capital Partnership, representing a 98% stake in the fund, which has a total scale of 50 million RMB[17]. - The company also committed 5,000,000 RMB to the Zibo Youbo New Forces Equity Investment Partnership, alongside its controlling shareholder Liu Bing, who contributed 2,000,000 RMB[18]. Other Financial Metrics - The company's weighted average return on equity increased to 3.67% from 2.99% year-on-year[6]. - The company reported a significant increase in sales expenses, which rose to ¥1,492,478.00 from ¥313,101.64, indicating a growth of 376.5%[30]. - The company's inventory increased to 258,585,769.07 RMB from 240,566,837.35 RMB, marking an increase of approximately 7.51%[20]. - The company's long-term equity investments rose to 449,060,748.95 RMB from 429,714,587.57 RMB, reflecting an increase of about 4.46%[23]. - Deferred income tax liabilities rose to ¥3,406,670.85 from ¥3,286,629.37, an increase of 3.6%[26]. Audit Status - The company did not undergo an audit for the first quarter report[39].

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.54 billion, representing a 15.76% increase compared to ¥1.33 billion in 2020[31]. - The net profit attributable to shareholders for 2021 was approximately ¥918.19 million, an increase of 18.74% from ¥773.30 million in 2020[31]. - The net cash flow from operating activities reached approximately ¥827.30 million, showing a significant increase of 308.93% compared to ¥202.31 million in 2020[31]. - The basic earnings per share for 2021 was ¥1.22, up 18.45% from ¥1.03 in 2020[31]. - Total assets at the end of 2021 were approximately ¥7.22 billion, an increase of 8.11% from ¥6.67 billion at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥6.05 billion, reflecting an 8.41% increase from ¥5.58 billion at the end of 2020[31]. - The company reported a quarterly operating revenue of approximately ¥408.27 million in Q4 2021, with a net profit attributable to shareholders of approximately ¥223.03 million[35]. - The company recognized government subsidies amounting to approximately ¥1.46 million in 2021, down from ¥3.69 million in 2020[36]. - The weighted average return on equity for 2021 was 16.00%, an increase from 14.66% in 2020[31]. - The total operating revenue for the year 2021 reached ¥1,536,806,894.89, representing a year-on-year increase of 15.76% compared to ¥1,327,599,762.60 in 2020[73]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives and potential acquisitions[8]. - The company operates multiple subsidiaries, including 富森投资 and 富森实业, which contribute to its diversified business model[18]. - The company has invested in key enterprises in the smart home sector, including Euribot, to enhance its position in the rapidly growing smart home market[46]. - The company is actively expanding its market presence through new retail formats and strategic investments in the home furnishing sector[89]. - The company plans to expand its business around "home demand" and "home consumption," focusing on developing a diverse home furnishing industry and enhancing brand concentration and scale effects[116]. - The company intends to implement a dual-driven business model of self-operated and commissioned management to expand its operational and brand reach, particularly in core cities and along the Belt and Road[120]. - The company is currently constructing the "Fuxin Home Park" project, which is expected to contribute to the business services industry[92]. Risk Management and Governance - The financial report ensures the accuracy and completeness of the financial statements, with the responsible parties affirming their commitment to these standards[6]. - The report emphasizes the importance of risk management in the company's operational strategies, highlighting the need for vigilance in market conditions[8]. - The company has a comprehensive governance structure, including a board of directors and supervisory board, ensuring accountability and oversight[6]. - The company has established a comprehensive internal control system and risk assessment framework to ensure legal operation and scientific decision-making[167]. - The company maintains independence from its controlling shareholder, ensuring no conflicts of interest or competitive business practices[168]. - The company has implemented a network voting procedure for significant matters affecting shareholder interests, enhancing shareholder engagement[148]. Corporate Social Responsibility - The company is committed to maintaining high standards of corporate governance and social responsibility[5]. - The company promotes a "green home decoration" and "green market" philosophy, actively fulfilling social responsibilities and enhancing public relations[175]. - The company has been actively involved in charitable activities and community support, which has positively impacted its public image[196]. Digital Transformation and Innovation - The company has focused on digital transformation, enhancing online ecosystems and implementing digital upgrades in its retail spaces[44]. - The company is focusing on digital operations and new retail, with ongoing upgrades to enhance its second growth curve[65]. - The home furnishing industry is experiencing a digital transformation, with companies increasingly relying on online capabilities to connect with consumers[109]. Shareholder Engagement - The company ensures that all shareholders have equal speaking rights during meetings, and there are no minimum shareholding requirements for voting[148]. - The company held its 2020 annual general meeting with an investor participation rate of 80.78% on April 21, 2021[189]. - The first extraordinary general meeting of 2021 had an investor participation rate of 84.04% on June 30, 2021[189]. - The second extraordinary general meeting of 2021 had an investor participation rate of 81.00% on November 9, 2021[189]. Financial Health and Investments - The company currently has a good financial position, capable of meeting operational and investment funding needs for 2022[131]. - The total investment amount for the reporting period was ¥4,959,716,129.33, a decrease of 14.58% compared to the same period last year, which was ¥5,806,436,230.90[88]. - The company has made significant equity investments, including a total of ¥70,010,000.00 in various partnerships[91]. - The company reported a loss of ¥4,508,103.12 from its equity investments during the reporting period[91]. Employee Development and Management - The company is committed to enhancing employee training and talent development to build a skilled workforce that meets new strategic requirements[119]. - The company has developed a performance evaluation and incentive mechanism to support employee growth and maintain harmonious labor relations[173]. - The current management team includes experienced professionals with backgrounds in commerce and management, enhancing the company's operational capabilities[194][195].

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]