Financial Performance - The company's operating revenue for 2020 was CNY 1,253,716,067.94, representing a 23.25% increase compared to CNY 1,017,191,015.08 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 95,798,652.41, a significant increase of 125.83% from CNY 42,420,474.89 in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 89,695,462.91, up 151.23% from CNY 35,702,918.63 in the previous year[18]. - The net cash flow from operating activities increased by 54.66% to CNY 124,686,351.62 from CNY 80,621,380.65 in 2019[18]. - Basic earnings per share rose to CNY 0.650, reflecting a 116.67% increase compared to CNY 0.300 in 2019[18]. - Total assets at the end of 2020 were CNY 1,221,281,870.27, a 12.85% increase from CNY 1,082,228,876.93 at the end of 2019[18]. - The net assets attributable to shareholders increased by 9.91% to CNY 787,999,125.24 from CNY 716,962,326.44 in 2019[18]. - The weighted average return on equity for 2020 was 12.76%, up from 6.55% in 2019[18]. - The company reported a significant increase in quarterly revenues, with Q4 2020 revenue reaching CNY 395,631,648.19[21]. - The company reported a net profit of 6,103,189.50 in 2020, a decrease of 9.1% compared to 6,717,556.26 in 2019[23]. - The company received government subsidies amounting to 5,881,029.82 in 2020, an increase of 33.7% from 4,399,224.67 in 2019[23]. Research and Development - The company has patented 6 new technologies during the reporting period, with 34 patent applications currently under review, including 30 invention patents[31]. - The company has established a strong R&D capability, with a focus on coating technology, laminating technology, and punching technology, enhancing product quality and market application value[30]. - The R&D team achieved significant breakthroughs in digital ink and eco-friendly inks, leading to substantial increases in sales and profitability[44]. - Research and development expenses totaled ¥59,648,287.07, accounting for 4.76% of total revenue, with a year-on-year increase of 17.51%[60]. - The company plans to increase R&D investment to enhance its technological capabilities and maintain a competitive edge in the digital printing industry[93]. Market Expansion and Product Development - The company operates in the digital printing materials and composite materials industry, focusing on the R&D, production, and sales of digital printing materials, digital ink, and automotive protective films[26]. - The company has expanded its product range to include dozens of subcategories, catering to diverse customer needs and providing a "one-stop" service[32]. - The sales revenue from the new automotive protective film exceeded 100 million yuan, marking a growth of over 200% year-on-year[42]. - The company aims to expand its market share in digital printing materials, particularly in outdoor advertising, by optimizing product structure and enhancing product value[88]. - The automotive protective film market is experiencing rapid growth, and the company plans to leverage its first-mover advantage to quickly expand production capacity and market share[89]. - The company is investing in new production facilities, including projects in Jiangxi and Thailand, to enhance production capabilities and maintain its leading position in the digital printing equipment sector[90]. - The company has identified outdoor advertising as a key growth area, with expectations for significant demand increases due to rising outdoor activities and communication needs[87]. Operational Efficiency - The company has implemented an "order-based production and moderate inventory" model, optimizing production efficiency[35]. - The company established a digital management system that improved operational efficiency and product delivery capabilities[45]. - The company is committed to optimizing its operational efficiency and risk management to improve overall financial performance[90]. - The company emphasizes strict compliance with national laws and regulations, aiming to enhance corporate governance and management levels[95]. - The company is committed to enhancing employee skills and optimizing processes to improve operational efficiency in response to human resource challenges[98]. Cash Dividend Policy - The company plans to distribute a cash dividend of CNY 4 per 10 shares, based on a total of 171,221,847 shares[5]. - The cash dividend for 2020 represented 71.49% of the net profit attributable to shareholders, compared to 69.18% in 2019 and 22.61% in 2018[107]. - The total cash dividend for 2020 accounted for 100% of the total profit distribution[107]. - The company aims to maintain a cash dividend policy, distributing at least 20% of the annual distributable profit as cash dividends, provided certain conditions are met[101]. - The board of directors will propose differentiated cash dividend policies based on the company's development stage and capital expenditure plans[102]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency in operations[153]. - The company is committed to adhering to relevant laws and regulations regarding related party transactions and corporate governance[109]. - The company will ensure that any share reduction does not harm the interests of other shareholders[109]. - The company has committed to social responsibility, focusing on sustainable development and environmental protection while enhancing economic benefits[153]. - The company will accept social supervision and allow regulatory bodies to urge timely corrections of unfulfilled commitments[112]. Shareholder Relations - The company will establish a robust investor relations management system to enhance communication and understanding with investors[95]. - The company will actively engage with small and medium shareholders to gather feedback on dividend proposals and ensure transparency in the distribution process[104]. - The company reported a total of 39.9 million CNY in entrusted financial management, with 23 million CNY from self-owned funds[146]. - The total number of ordinary shareholders at the end of the reporting period was 11,945, an increase from 11,825 at the end of the previous month[178]. - The largest shareholder, You Aiguo, holds 31.82% of the shares, totaling 46,757,563 shares, with a decrease of 35,068,170 shares during the reporting period[178]. Future Outlook - The company expects a revenue growth of 15% for the next fiscal year, projecting total revenue to reach approximately 1.725 billion RMB[199]. - New product launches are anticipated to contribute an additional 200 million RMB in revenue in the upcoming year[199]. - Market expansion plans include entering three new provinces, which are expected to increase market share by 5%[199]. - The management team emphasized a focus on sustainability initiatives, aiming to reduce operational costs by 10% through eco-friendly practices[199]. - The company plans to enhance its digital marketing strategy, expecting a 20% increase in online sales as a result[199].

Financial Performance - The company's operating revenue for 2020 was CNY 1,253,716,067.94, representing a 23.25% increase compared to CNY 1,017,191,015.08 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 95,798,652.41, a significant increase of 125.83% from CNY 42,420,474.89 in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 89,695,462.91, up 151.23% from CNY 35,702,918.63 in the previous year[18]. - The net cash flow from operating activities increased by 54.66% to CNY 124,686,351.62, compared to CNY 80,621,380.65 in 2019[18]. - Basic earnings per share rose to CNY 0.650, reflecting a 116.67% increase from CNY 0.300 in 2019[18]. - Total assets at the end of 2020 were CNY 1,221,281,870.27, a 12.85% increase from CNY 1,082,228,876.93 at the end of 2019[18]. - The net assets attributable to shareholders increased by 9.91% to CNY 787,999,125.24 from CNY 716,962,326.44 in 2019[18]. - The weighted average return on equity for 2020 was 12.76%, up from 6.55% in 2019, indicating improved profitability[18]. Revenue Growth - The company reported a quarterly revenue of CNY 395,631,648.19 in Q4 2020, contributing to a total annual revenue growth[22]. - In 2020, the company achieved a revenue of 1.254 billion yuan, representing a year-on-year increase of 23.25%[42]. - The digital printing ink segment saw significant growth, with revenue increasing by 182.16% to ¥271,762,264.54, up from ¥96,316,341.02 in 2019[54]. - Domestic sales accounted for 67.53% of total revenue, amounting to ¥846,603,159.60, which is a 40.74% increase from ¥601,525,977.26 in 2019[52]. - The automotive functional film product line experienced a remarkable growth of 221.00%, with revenue rising to ¥95,431,256.30 from ¥29,729,474.66 in the previous year[52]. Research and Development - The company has established a strong R&D capability, with a focus on coating technology, laminating technology, and punching technology, enhancing product quality and market application value[31]. - The R&D team achieved significant breakthroughs in digital ink and eco-friendly inks, leading to substantial increases in sales and profitability[45]. - The company has received 6 patents during the reporting period, with 34 patent applications currently under review, including 30 invention patent applications[32]. - Research and development expenses totaled ¥59,648,287.07, representing 4.76% of total revenue, an increase of 17.51% from ¥50,759,188.47 in 2019[61]. Market Expansion - The company has expanded its market presence, covering over 20 provinces and municipalities in China and reaching customers in dozens of countries globally[33]. - The company aims to expand its market share in digital printing materials, targeting high-speed growth in outdoor advertising and personalized fabric printing, driven by increasing consumer demand[88]. - The company is pursuing external partnerships and collaborations to enhance its competitive capabilities and market share in the automotive protective film sector[90]. Dividend Policy - The company plans to distribute a cash dividend of CNY 4 per 10 shares, based on a total of 171,221,847 shares[5]. - The profit distribution policy prioritizes cash dividends, with a minimum of 20% of distributable profits to be distributed as cash dividends annually, provided certain conditions are met[102]. - The cash dividends distributed in 2020 represented 71.49% of the net profit attributable to shareholders, which was 95,798,652.41 RMB[108]. - The total cash dividend for 2020, including other forms, was 68,488,738.80 RMB, accounting for 100% of the total profit distribution[108]. - The company has maintained a consistent increase in cash dividends over the past three years, reflecting a commitment to shareholder returns[107]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency in operations[155]. - The company emphasizes strict compliance with national laws and regulations, aiming to enhance corporate governance and management systems[96]. - The company has committed to not engaging in any business activities that compete with its existing operations or products, ensuring no conflicts of interest arise[110]. Shareholder Relations - The company will actively communicate with shareholders, especially minority shareholders, regarding dividend proposals and decisions[105]. - The company has ensured that minority shareholders have had ample opportunity to express their opinions and that their rights are protected[107]. - The company will notify the market three trading days in advance of any planned share reductions by major shareholders[110]. Financial Management - The company reported a total cash inflow from operating activities of ¥1,419,854,069.24, which is a 27.76% increase from ¥1,111,326,912.47 in 2019[63]. - The net cash flow from investment activities decreased significantly by 1,009.59% to -CNY 115,759,593.53, primarily due to higher purchases of bank wealth management products[64]. - The company’s cash and cash equivalents decreased by 138.23% to -CNY 31,616,785.10, indicating liquidity challenges[64]. Social Responsibility - The company donated 200,000 yuan for epidemic prevention and provided over 100,000 masks to international partners during the pandemic[41]. - Shanghai NAR actively engages in social responsibility initiatives, focusing on environmental protection and community support[155]. - There were no major environmental violations reported, confirming compliance with environmental regulations[159].

Financial Performance - Operating revenue for the period reached CNY 344,801,153.51, representing a year-on-year growth of 31.07%[7] - Net profit attributable to shareholders increased by 190.60% to CNY 33,220,546.86 for the quarter[7] - Basic earnings per share rose by 187.50% to CNY 0.23[7] - The company reported a total net profit of CNY 84,047,874.92 for the year-to-date, reflecting a growth of 106.37%[7] - The net profit after deducting non-recurring gains and losses increased by 286.59% to CNY 31,629,717.15[7] - Total operating revenue for Q3 2020 reached ¥344,801,153.51, a significant increase from ¥263,060,304.31 in the previous period[40] - Net profit for the period was ¥39,861,962.18, compared to ¥12,946,732.28 in the same period last year, indicating a growth of approximately 208%[42] - The total comprehensive income for the period was ¥39,861,962.18, significantly higher than ¥12,946,732.28 from the previous year[43] - Net profit for the period was ¥93,645,967.86, a significant rise of 121% from ¥42,241,492.53 in the same period last year[50] - The total comprehensive income for the period was ¥93,645,967.86, compared to ¥42,241,492.53, indicating a growth of 121%[51] Asset and Liability Management - Total assets increased by 10.09% to CNY 1,191,378,617.50 compared to the end of the previous year[7] - The company's current assets reached CNY 734,876,473.73, up from CNY 659,059,355.65, indicating an increase of about 11.5% year-over-year[32] - The total liabilities of the company were CNY 354,929,471.70, compared to CNY 304,961,254.57 at the end of 2019, marking an increase of approximately 16.4%[34] - Total liabilities rose to ¥309,083,922.73 from ¥284,695,566.25, indicating a growth in financial obligations[41] - Shareholders' equity totaled CNY 777,267,622.36, with total equity attributable to the parent company at CNY 716,962,326.44[66] - The company’s total liabilities to equity ratio stands at approximately 39.2%, suggesting a balanced capital structure[66] Cash Flow Analysis - Net cash flow from operating activities surged by 122.50% to CNY 83,001,762.64[7] - Cash received from operating activities decreased by 46.83% to ¥7.09 million due to reduced government subsidies[15] - The net cash flow from operating activities for Q3 2020 was CNY 171,199,395.96, a significant increase from CNY 49,063,879.82 in Q3 2019, representing a growth of approximately 248%[57] - Total cash inflow from operating activities reached CNY 1,010,440,557.15, compared to CNY 757,817,238.01 in the previous year, indicating a year-over-year increase of about 33%[57] - The cash outflow for operating activities was CNY 839,241,161.19, up from CNY 708,753,358.19, reflecting a rise of approximately 18%[57] - The net cash flow from investment activities was negative at CNY -142,504,764.75, worsening from CNY -45,411,151.80 in the same period last year[58] - The cash outflow for investment activities was CNY 427,060,029.82, compared to CNY 680,780,356.45, showing a decrease of approximately 37%[58] Shareholder Information - The number of shareholders at the end of the reporting period was 11,695[11] - The top shareholder, You Aiguo, holds 31.82% of the shares, amounting to 46,757,563 shares[11] - Cash dividends distributed increased by 152.59% to ¥35.52 million compared to the previous period[16] Investment and Growth Strategies - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] - The company plans to continue investing in new product development and market expansion initiatives in the upcoming quarters[52] - Research and development expenses were ¥15,123,978.27, slightly up from ¥14,936,644.71, highlighting continued investment in innovation[41] - Research and development expenses increased to ¥41,226,314.56, compared to ¥33,486,753.05, marking a 23% rise[48] Financial Health Indicators - The weighted average return on equity improved to 2.93%, up from 1.23% in the same period last year[7] - The company achieved a profit margin of approximately 10.9% for the current period, compared to 6.3% in the previous period[50] - The company reported no overdue amounts or non-compliance with external guarantees during the reporting period[25][26] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥513,283,266.24, representing a 26.01% increase compared to ¥407,321,154.55 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2020 was ¥50,827,328.06, a 73.50% increase from ¥29,294,760.25 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,503,004.55, which is a 97.12% increase compared to ¥24,098,966.94 in the same period last year[24]. - Basic earnings per share for the first half of 2020 were ¥0.350, up 66.67% from ¥0.210 in the same period last year[24]. - The company achieved a revenue of 513.28 million yuan, a year-on-year increase of 26.01%[51]. - Net profit attributable to shareholders reached 50.83 million yuan, growing by 74% compared to the previous year[46]. - The basic earnings per share were 0.35 yuan[46]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2020, representing a year-over-year growth of 25%[91]. - The company reported a total comprehensive income of CNY 34,652,216.67 for the first half of 2020, compared to CNY 11,769,194.54 in the previous year, marking an increase of around 194%[177]. Cash Flow and Assets - The net cash flow from operating activities reached ¥88,197,633.31, marking a significant increase of 650.04% from ¥11,759,016.18 in the previous year[24]. - Accounts receivable increased to ¥97,252,744.46, representing 8.71% of total assets, compared to ¥86,607,102.00 or 10.00% in the previous period[58]. - Inventory rose to ¥151,086,512.54, accounting for 13.52% of total assets, up from ¥115,768,799.00 or 13.36% previously[58]. - Fixed assets increased significantly to ¥290,998,979.03, which is 26.05% of total assets, compared to ¥170,640,487.00 or 19.70% in the prior period, reflecting a growth of 6.35%[58]. - The company's total assets at the end of the reporting period were ¥1,117,139,594.20, reflecting a 3.23% increase from ¥1,082,228,876.93 at the end of the previous year[24]. - The company's current assets totaled CNY 655,984,937.77, slightly down from CNY 659,059,355.65 at the end of 2019[163]. - Cash and cash equivalents increased to CNY 244,117,010.47 from CNY 226,370,683.43 at the end of 2019, reflecting a growth of approximately 7.7%[162]. - The total cash and cash equivalents at the end of the period reached ¥173,840,579.15, a significant increase from ¥42,765,030.85 at the end of the previous period[184]. Risks and Challenges - The company faced significant operational and market risks due to the impact of the COVID-19 pandemic, particularly in the first quarter[5]. - The company is exposed to risks related to raw material price fluctuations, which could impact production costs and overall performance[9]. - The company faced risks due to the pandemic, including delivery risks and inventory backlog, particularly in overseas markets[82]. - The company’s production costs are significantly affected by the prices of key raw materials such as PVC film and resin, which are closely tied to the volatility of global commodity prices[84]. - The company faces intensified competition in the digital printing materials industry due to the strong international presence of leading firms from developed countries, which impacts both export and domestic sales[83]. Research and Development - Research and development expenses increased by 40.71% to 26.10 million yuan, reflecting the expanded scope from the merger[51]. - The company has been recognized as a high-tech enterprise and has built a technology center in collaboration with local universities, enhancing its R&D capabilities[35]. - The company has developed core technologies that improve product quality and application value, such as high-efficiency punching mold technology and zero-residue adhesive technology[37]. - The company is investing heavily in R&D, with a budget allocation of 100 million yuan for new technology development in 2020[91]. - The company is investing 200 million yuan in research and development for new technologies aimed at improving operational efficiency[94]. Market Expansion and Strategy - The company has successfully expanded its market reach, covering over 20 provinces and municipalities in China and numerous countries globally[40]. - The company plans to implement stock price stabilization measures if the stock price falls below the audited net asset value per share from the previous fiscal year[92]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of completing at least one acquisition by the end of the fiscal year[91]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 10%[91]. - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 20% to 30% based on current market trends[91]. Shareholder and Governance - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[11]. - The company has committed to avoiding any form of competition with its existing business during the tenure of its controlling shareholder[90]. - The company will notify the market three trading days in advance before any share reduction by shareholders[92]. - The company is committed to compensating investors for losses incurred due to significant information disclosure flaws, with a focus on protecting the interests of small and medium investors[93]. - The company has outlined its responsibilities regarding the accuracy of its IPO prospectus and the potential legal implications of any inaccuracies[93]. Compliance and Reporting - The financial report for the first half of 2020 was not audited[160]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[200]. - The company has not experienced any major litigation or arbitration matters during the reporting period[100]. - There were no penalties or rectification situations reported for the company in the current period[101]. - The company has made commitments to small shareholders, ensuring that obligations are met in a timely manner[96].

Financial Performance - The company's operating revenue for 2019 was ¥1,017,191,015.08, representing a 29.00% increase compared to ¥788,518,296.12 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥42,420,474.89, a decrease of 31.57% from ¥61,986,679.22 in 2018[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,702,918.63, down 33.59% from ¥53,759,967.59 in 2018[18]. - The basic earnings per share for 2019 was ¥0.300, a decline of 31.82% compared to ¥0.440 in 2018[18]. - The total assets at the end of 2019 were ¥1,082,228,876.93, an increase of 28.59% from ¥841,630,525.61 at the end of 2018[18]. - The net assets attributable to shareholders at the end of 2019 were ¥716,962,326.44, up 15.35% from ¥621,538,087.23 at the end of 2018[18]. - The net cash flow from operating activities for 2019 was ¥80,621,380.65, a decrease of 3.21% from ¥83,295,311.18 in 2018[18]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[112]. Dividend Distribution - The company plans to distribute a cash dividend of ¥2 per 10 shares based on a total of 146,740,064 shares[5]. - The cash dividend represents 69.18% of the net profit attributable to ordinary shareholders for 2019, which was 42,420,474.89 yuan[101]. - The total distributable profit for the reporting period is 317,520,123.44 yuan, with the cash dividend accounting for 100% of the profit distribution[102]. - In 2018, the company distributed a cash dividend of 1 yuan per 10 shares, totaling 14,013,009.50 yuan, which was 22.61% of the net profit[101]. - The company has established a clear and stable profit distribution policy that prioritizes cash dividends when conditions allow[99]. Research and Development - The company has established a strong R&D capability, holding multiple core technologies such as vehicle wrap exhaust technology and high-efficiency punching mold technology, enhancing product quality and market application value[31]. - During the reporting period, the company added 4 new patents and its three-layer three-dimensional single-layer membrane product was recognized as a top 100 high-tech achievement transformation project in Shanghai[32]. - The company is committed to increasing R&D investment to adapt to future market demands and enhance product quality, particularly in the automotive protective film sector[85]. - Research and development efforts focused on two new product lines, with an investment of 100 million RMB allocated for innovation in technology[112]. Market Expansion and Strategy - The main business involves the research, production, and sales of digital printing materials, with products including vehicle wraps, single-layer membranes, and digital ink, primarily serving outdoor advertising and decorative fields[28]. - The company has expanded its market reach, covering over 20 provinces and municipalities in China and establishing a presence in dozens of countries globally[33]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[112]. - The company is focusing on cost control to maintain cash flow during economic downturns, emphasizing the elimination of unnecessary expenses[85]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to ensure fair, just, and open treatment of all shareholders, enhancing transparency and credibility[161]. - The company has implemented a "people-oriented" corporate culture, providing extensive training and development opportunities for employees to promote mutual growth[162]. - The company has confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[116]. - The company is committed to not providing financial assistance for stock options or restricted stock to incentive objects, ensuring compliance with regulations[115]. Shareholder Information - The largest shareholder, You Aiguo, holds 31.84% of the shares, with a total of 46,757,560 shares, while the second-largest shareholder, Wang Shuming, holds 16.70% with 24,533,880 shares[181]. - The company’s total number of shareholders at the end of the reporting period was 13,069[180]. - The total shares held by the chairman, You Aiguo, remained unchanged at 46,757,560 shares[192]. - The total shares held by the current general manager, Yang Jiantang, remained unchanged at 17,991,710 shares[192]. Investment and Financial Management - The company has made significant investments in digital management systems to enhance operational efficiency[42]. - The company engaged in wealth management, with a total of ¥1,024 million in entrusted financial management, including ¥289 million from raised funds and ¥735 million from self-owned funds[152]. - The total amount of structured deposits raised by the company in 2019 reached 97,400 million, with a total interest income of 282.39 million[158]. - The company has not made any significant changes to its financial forecasts for assets or projects during the reporting period[116]. Challenges and Future Outlook - The company is navigating challenges posed by the COVID-19 pandemic and the US-China trade war, focusing on long-term survival and competitiveness[89]. - The company provided a positive outlook for 2020, projecting a revenue growth of 20% driven by new product launches and market expansion strategies[112]. - Future guidance includes an expected EBITDA margin of 25% for 2020, up from 22% in 2019, indicating strong operational performance[112].

Financial Performance - The company's operating revenue for Q1 2020 was ¥212,144,512.84, representing a 15.58% increase compared to ¥183,552,680.78 in the same period last year[7] - The net profit attributable to shareholders was ¥8,317,912.00, a decrease of 19.97% from ¥10,393,967.91 in the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,891,464.45, down 7.42% from ¥8,524,290.94 year-on-year[7] - The basic earnings per share decreased by 14.29% to ¥0.06 from ¥0.07 in the same period last year[7] - The diluted earnings per share also decreased by 14.29% to ¥0.06 from ¥0.07 year-on-year[7] - The weighted average return on equity was 1.15%, down from 1.66% in the previous year[7] - Sales revenue increased by 40.62% to ¥275,682,849.80, attributed to the merger with Shenzhen Moku[15] - The company reported a net profit of CNY 325,838,035.44, up from CNY 317,520,123.44, indicating a growth of approximately 2.6% in retained earnings[37] - The company reported a total profit of CNY 11,149,173.61 for Q1 2020, down from CNY 11,727,329.82 in Q1 2019, reflecting a decrease of approximately 4.9%[44] Cash Flow and Investments - The net cash flow from operating activities increased by 45.63% to ¥9,858,799.65, compared to ¥6,769,577.49 in the same period last year[7] - Cash flow from operating activities decreased by 94.05% to ¥123,180.24, linked to reduced investment income[15] - The net cash flow from operating activities for Q1 2020 was ¥9,858,799.65, an increase of 45.5% compared to ¥6,769,577.49 in Q1 2019[52] - Total cash inflow from operating activities was ¥288,843,236.64, up from ¥216,676,603.35 in the previous year, representing a growth of 33.3%[52] - Cash outflow from operating activities totaled ¥278,984,436.99, compared to ¥209,907,025.86 in Q1 2019, indicating a rise of 33.0%[52] - The net cash flow from investing activities was -¥90,722,017.95, worsening from -¥49,266,509.18 year-over-year[52] - Cash inflow from investing activities was ¥26,633,430.24, significantly down from ¥202,069,553.82 in the previous year, a decline of 86.8%[52] - Cash outflow from investing activities reached ¥117,355,448.19, compared to ¥251,336,063.00 in Q1 2019, a decrease of 53.3%[52] - The net cash flow from financing activities was -¥430,000.00, compared to -¥20,378,705.90 in the previous year, showing a significant reduction in cash outflow[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,086,295,773.52, a slight increase of 0.38% from ¥1,082,228,876.93 at the end of the previous year[7] - Total liabilities decreased to CNY 299,071,191.25 from CNY 304,961,254.57, reflecting a reduction of about 1.5%[36] - The company's total equity increased to CNY 787,224,582.27 from CNY 777,267,622.36, representing an increase of approximately 1.2%[37] - Cash and cash equivalents decreased by 34.95% to ¥147,251,630.61 due to increased investments in wealth management products[14] - Accounts receivable decreased from 140,144,818.35 to 110,821,349.82, indicating a reduction of approximately 21%[34] - Inventory increased from 130,650,919.23 to 157,530,000.57, showing an increase of about 20.5%[34] Research and Development - R&D expenses grew by 37.26% to ¥12,444,426.91, reflecting increased business activities from the merger[14] - Research and development expenses increased to CNY 12,444,426.91 in Q1 2020, compared to CNY 9,066,037.27 in Q1 2019, marking a rise of approximately 37.5%[43] Government and Other Income - The company received government subsidies amounting to ¥621,637.94 during the reporting period[8] - Other income for Q1 2020 was CNY 621,637.94, significantly higher than CNY 162,000.00 in Q1 2019, representing an increase of approximately 284.5%[43] Compliance and Commitments - No overdue commitments were reported during the reporting period[20] - There were no violations regarding external guarantees during the reporting period[27] - The company reported no non-operating fund occupation by controlling shareholders or related parties[28] - The company has not undergone an audit for the Q1 2020 report[57]

Financial Performance - The company's operating revenue for 2019 was CNY 1,017,191,015.08, representing a 29.00% increase compared to CNY 788,518,296.12 in 2018[17]. - The net profit attributable to shareholders decreased by 31.57% to CNY 42,420,474.89 from CNY 61,986,679.22 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 35,702,918.63, down 33.59% from CNY 53,759,967.59 in 2018[17]. - The basic earnings per share fell by 31.82% to CNY 0.300 from CNY 0.440 in 2018[17]. - The total assets at the end of 2019 were CNY 1,082,228,876.93, an increase of 28.59% from CNY 841,630,525.61 at the end of 2018[17]. - The net assets attributable to shareholders increased by 15.35% to CNY 716,962,326.44 from CNY 621,538,087.23 in 2018[17]. - The net cash flow from operating activities was CNY 80,621,380.65, a decrease of 3.21% compared to CNY 83,295,311.18 in 2018[17]. - The weighted average return on equity was 6.55%, down from 10.43% in 2018[17]. - The company reported a quarterly revenue of CNY 346,809,556.22 in Q4 2019, showing a consistent growth trend throughout the year[21]. - The company reported a total revenue of 6,717,556.26 in the current period, compared to 8,226,711.63 in the previous period, indicating a decrease of approximately 18.4%[24]. - In 2019, the company achieved a revenue of CNY 1.017 billion, a year-on-year increase of 29.00%[39]. - The net profit for 2019 was CNY 42.42 million, representing a decline of 31.57% compared to the previous year[39]. Research and Development - The company focuses on the research, production, and sales of digital printing materials, with key products including vehicle wraps, single-layer membranes, and digital ink, primarily serving the outdoor advertising and decorative sectors[27]. - The company has established a strong R&D capability, having developed multiple core technologies such as vehicle wrap exhaust technology and high-efficiency punching mold technology, enhancing product quality and market application value[30]. - During the reporting period, the company added 4 new patents and its three-layer three-dimensional single-layer membrane product was recognized as a top 100 high-tech achievement transformation project in Shanghai[31]. - R&D efforts resulted in 4 new patents, with 31 patent applications currently under review, including 25 invention patents[40]. - The company is focused on R&D and aims to quickly meet the explosive demand in the automotive protective film market by expanding production capacity[83]. - The company is increasing R&D investment to adapt to changes in social and economic development, with a focus on innovative and environmentally friendly products[84]. Market Expansion and Strategy - The company has successfully expanded its market reach, covering over 20 provinces and municipalities in China and establishing a presence in dozens of countries globally[32]. - The company aims to enhance its market position in the outdoor advertising materials sector through refined operations and to expand its product lines in digital printing inks, particularly in textiles and apparel[82]. - The outdoor advertising industry is expected to rebound due to the recovery of the macro economy and increased consumer willingness, with a 150% rise in search volume for keywords related to urban lighting projects[82]. - The company has identified the automotive protective film market as a growing segment, driven by consumer upgrades and the increasing popularity of luxury vehicles[83]. - The company is adjusting its market strategy to focus on domestic sales and brand enhancement, aiming to capture a larger market share[88]. Operational Efficiency - The company has implemented an ERP management system to enhance precision in management across procurement, production coordination, and inventory management, significantly improving operational efficiency[34]. - The company’s digital management system was upgraded, improving logistics and warehouse efficiency[41]. - The company is implementing new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[112]. - Digital transformation is a priority for the company in 2020, focusing on lean management and improving supply chain efficiency through barcode systems and ERP integration[88]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 2 per 10 shares, based on a total of 146,740,064 shares[5]. - The company maintains a profit distribution policy that prioritizes cash dividends, ensuring at least 20% of distributable profits are paid out annually[94]. - The proposed cash dividend for 2019 is 2 CNY per 10 shares, based on a total share capital of 146,740,064 shares after deducting unexercised restricted stocks[102]. - In 2019, the company distributed cash dividends of 29,348,012.80 CNY, which accounted for 69.18% of the net profit attributable to ordinary shareholders[101]. - The total distributable profit for the year is 317,520,123.44 CNY, with the cash dividend amounting to 29,348,012.80 CNY, representing 100% of the profit distribution total[102]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[161]. - The company has maintained compliance with all commitments made to shareholders and stakeholders during the reporting period[115]. - The company has not reported any significant changes in its operational strategies or market expansion plans during the reporting period[116]. - The company has not engaged in any significant non-equity investments during the reporting period[71]. Financial Management - The company has a cash balance of CNY 140,763,563.08 as of the end of the reporting period[120]. - The company reported accounts receivable of CNY 72,086,498.90[120]. - The company has a short-term loan of CNY 18,009,867.95, reflecting an increase of CNY 9,867.95[120]. - The company has engaged in high-risk entrusted financial management, with various structured deposit products yielding annualized returns between 3.85% and 4.05%[154]. - The total amount raised through structured deposits in 2019 was 97,400 million, with a total interest income of 282.39 million[158]. Employee and Social Responsibility - The company has established a staff assistance fund to support employees in need, reflecting its commitment to employee welfare[162]. - The company has implemented a comprehensive employee training program to enhance overall workforce quality and promote mutual growth[162]. - The company has actively engaged in social responsibility initiatives, including targeted poverty alleviation efforts, although specific metrics were not provided[164].

Financial Performance - Operating revenue for the reporting period was ¥263,060,304.31, representing a year-on-year growth of 24.66%[7] - Net profit attributable to shareholders decreased by 46.02% to ¥11,431,539.55 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,181,774.44, down 61.14% year-on-year[7] - Basic earnings per share were ¥0.080, a decrease of 46.67% compared to the same period last year[7] - The weighted average return on net assets was 1.70%, down 1.90% year-on-year[7] - Total operating revenue for the current period reached ¥263,060,304.31, an increase of 24.7% compared to ¥211,020,022.27 in the previous period[35] - Total operating costs amounted to ¥250,449,808.83, up 32.8% from ¥188,585,935.21 in the prior period[35] - Net profit for the current period was ¥12,946,732.28, a decrease of 38.7% from ¥21,175,681.52 in the previous period[37] - Basic and diluted earnings per share were both ¥0.080, down from ¥0.150 in the previous period[38] - The total comprehensive income for the current period was ¥12,946,732.28, compared to ¥21,175,681.52 in the previous period[41] - The company experienced a decrease in operating profit to ¥14,877,440.80, down from ¥24,168,192.76 in the previous period[37] - Net profit for the period was ¥42,241,492.53, a decrease of 15.06% from ¥49,734,995.22 in the same period last year[44] - Earnings per share (EPS) decreased to ¥0.290 from ¥0.350, reflecting a decline of 17.14%[45] - Operating profit for the period was ¥47,394,468.54, down 16.00% from ¥56,394,319.50 in the previous year[44] - The total profit for the period was ¥47,394,468.54, slightly lower than ¥56,359,028.34 in the same period last year[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,081,710,762.93, an increase of 28.53% compared to the previous year[7] - The company’s total current assets increased to ¥666,671,468.81 from ¥511,808,520.88, reflecting overall growth[26] - Non-current assets totaled CNY 415,039,294.12, compared to CNY 329,822,004.73, reflecting an increase of about 25.8%[27] - Current liabilities rose to CNY 316,427,343.54 from CNY 220,092,438.38, marking a significant increase of approximately 43.7%[28] - Owner's equity reached CNY 765,283,419.39, up from CNY 621,538,087.23, indicating a growth of around 23.1%[29] - Cash and cash equivalents decreased to CNY 95,293,153.30 from CNY 122,706,135.80, a decline of about 22.4%[31] - Accounts receivable increased to CNY 80,904,931.40 from CNY 67,590,217.21, showing a growth of approximately 19.6%[31] - Inventory rose significantly to CNY 72,194,219.48 from CNY 41,293,903.95, representing an increase of about 74.8%[31] - The company’s retained earnings rose to CNY 317,682,823.15 from CNY 290,965,550.44, indicating an increase of approximately 9.2%[29] Cash Flow - Cash flow from operating activities was ¥37,304,863.64, an increase of 28.52% compared to the previous year[7] - Operating cash inflow for Q3 2019 was CNY 757,817,238.01, an increase from CNY 682,681,693.03 in Q3 2018, representing a growth of approximately 11%[52] - Net cash outflow from investing activities was CNY -45,411,151.80, an improvement compared to CNY -85,575,261.74 in the same period last year[53] - Net cash flow from operating activities was CNY 49,063,879.82, slightly up from CNY 46,009,747.82 in Q3 2018[52] - The total cash inflow from operating activities was CNY 576,719,979.59, a decrease from CNY 591,002,139.74 in Q3 2018[56] - The company reported a net increase in cash and cash equivalents of CNY -29,561,143.36 for Q3 2019, compared to CNY -44,265,882.43 in Q3 2018[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,185[11] - The largest shareholder, You Aiguo, directly held 32.44% of the company's shares[12] Investments and Expenses - The company reported a total of non-recurring gains and losses amounting to ¥8,445,558.42 for the year-to-date[8] - Accounts receivable increased by 67% to ¥120,323,229.30 due to the addition of the newly consolidated subsidiary, Moku Technology[15] - Inventory surged by 116% to ¥156,511,033.04, primarily from the newly consolidated subsidiary, Moku Technology[15] - Prepayments rose by 95% to ¥24,903,118.45, attributed to project prepayments for the Juna Phase III project[15] - Sales expenses increased by 39% to ¥21,638,464.10, driven by revenue growth leading to higher freight costs[15] - Cash received from tax refunds rose by 39% to ¥32,889,887.35, due to increased export goods leading to higher export tax refunds[15] - The company reported a 149% increase in investment income from associates and joint ventures, resulting in a loss of ¥3,813,299.08, mainly from losses in Nair Media[15] - Cash paid for investments increased by 33% to ¥25,465,591.56, primarily for payments related to Moku investments[15] - Research and development expenses increased to ¥14,936,644.71, representing a rise of 29.1% from ¥11,512,576.33 in the prior period[35] - The company reported an investment loss of ¥547,887.04, down from a gain of ¥1,280,377.38 in the previous period[35] - Research and development expenses increased to ¥33,486,753.05, up 20.54% from ¥27,780,894.77 in the previous period[42] - The company reported an investment loss of ¥2,558,478.63, compared to a gain of ¥3,366,860.60 in the prior period[42] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[39] - The company aims to enhance market expansion and product development strategies in the upcoming quarters[42]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 407,321,154.55, representing a 9.03% increase compared to CNY 373,570,448.76 in the same period last year[17]. - The net profit attributable to shareholders was CNY 29,294,760.25, a 2.58% increase from CNY 28,559,313.70 year-on-year[17]. - The company reported a decrease of 2.42% in net profit after deducting non-recurring gains and losses, amounting to CNY 24,098,966.94 compared to CNY 24,695,535.89 last year[17]. - The weighted average return on net assets was 4.64%, a slight decrease from 4.90% in the previous year[17]. - The company achieved a revenue of RMB 407.32 million in the first half of 2019, representing a year-on-year increase of 9.03%[35]. - Net profit for the same period was RMB 2.93 million, reflecting a year-on-year growth of 2.58%[35]. - The total comprehensive income for the first half of 2019 was CNY 29,294,760.25, compared to CNY 28,559,313.70 in the first half of 2018[140]. - The company's operating profit decreased to CNY 11,977,041.67 in the first half of 2019, down from CNY 21,634,660.05 in the same period of 2018[140]. Cash Flow and Investments - The net cash flow from operating activities decreased by 30.76% to CNY 11,759,016.18, down from CNY 16,984,157.70 in the previous year[17]. - The company's cash flow from operating activities decreased by 30.76% to RMB 11.76 million due to higher expense outflows[39]. - The company's cash and cash equivalents decreased by 12.03% to RMB 76.72 million, primarily due to cash dividends and increased investments[44]. - Total investments during the reporting period amounted to RMB 36.31 million, a decrease of 23.13% compared to the previous year[46]. - The net cash flow from investment activities was -¥41,025,117.71, worsening from -¥24,380,027.68 year-on-year[145]. - Cash outflow from financing activities totaled ¥34,391,715.40, significantly higher than ¥12,764,665.00 in the same period last year, indicating a 169.5% increase[146]. - The ending balance of cash and cash equivalents was ¥63,077,175.42, down from ¥152,749,151.67 at the end of the previous year, a decrease of 58.7%[146]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 866,263,487.84, reflecting a 2.93% increase from CNY 841,630,525.61 at the end of the previous year[17]. - The company's total liabilities were RMB 229,032,928.31, compared to RMB 220,092,438.38 at the end of 2018, showing a growth of about 4.3%[128]. - The company's total liabilities were ¥263,416,921.98, compared to ¥228,481,467.33 at the end of 2018, marking a rise of 15.3%[133]. - The cash and cash equivalents decreased to RMB 76,722,077.98 from RMB 140,763,563.08, a decline of approximately 45.5%[126]. Research and Development - The company focuses on the R&D, production, and sales of digital printing materials, with key products including vehicle wraps and coated printing materials[25]. - The company has established a strong R&D capability, recognized as a high-tech enterprise, and has developed several core technologies to enhance product quality and market value[27][29]. - Research and development investment rose by 14.03% to RMB 18.55 million, indicating a commitment to innovation[38]. - The company added 3 new patents during the reporting period, enhancing its innovation capabilities[36]. - The company is committed to R&D innovation, restructuring its R&D department to align with market needs and enhance core technology levels[67]. Market Expansion and Sales - The company has made significant investments in the construction of high-performance digital printing material production projects, indicating ongoing market expansion efforts[26]. - The company's core product, car body stickers, accounted for 77.93% of total revenue, with a 15.95% increase year-on-year[40]. - Sales in the Africa region grew by 54.40% year-on-year, attributed to enhanced customer development and promotional activities[42]. - The company reported a significant increase in sales in the North China, Central China, Northwest, and Southwest regions, with growth rates of 62.26%, 54.87%, 263.41%, and 215.18% respectively[42]. - The company's market expansion efforts have led to a significant increase in customer satisfaction and market share[35]. Shareholder and Corporate Governance - The company did not plan to distribute cash dividends or issue bonus shares during this period[5]. - The company has held annual and temporary shareholder meetings with participation rates of 53.35% and 70.10% respectively[69]. - The company has implemented commitments to avoid competition with its controlling shareholder and ensure fair transactions with related parties[71]. - The company reported a commitment from major shareholders to not transfer or manage their shares for 36 months post-IPO, ensuring stability in shareholding[72]. - The company has implemented a share buyback plan, with a minimum buyback amount set at 1% of the net proceeds from the IPO, and a maximum of 20% of the total buyback funds used within three years[73]. Compliance and Legal Matters - The financial report for the first half of 2019 was not audited, which may affect the reliability of the financial data presented[124]. - There were no major litigation or arbitration matters during the reporting period[80]. - The company has not faced any penalties or rectification issues during the reporting period[82]. - The company has established strict guidelines for share transfers and reductions to maintain market stability and protect shareholder interests[72]. Accounting and Financial Reporting - The company adheres to the enterprise accounting standards, ensuring that the financial statements reflect a true and complete picture of its financial status[167]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[165]. - The accounting period for the company runs from January 1 to December 31 each year[168]. - Financial assets are classified into three categories: 1) measured at amortized cost; 2) measured at fair value with changes recognized in other comprehensive income; 3) measured at fair value with changes recognized in profit or loss[175].

Financial Performance - The company's operating revenue for Q1 2019 was ¥183,552,680.78, representing a 5.63% increase compared to ¥173,769,199.84 in the same period last year[7] - Net profit attributable to shareholders increased by 91.21% to ¥10,393,967.91 from ¥5,435,840.52 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥8,524,290.94, up 86.45% from ¥4,571,790.44 in the previous year[7] - Basic earnings per share increased by 89.74% to ¥0.074 from ¥0.039 year-on-year[7] - The company reported a net profit of CNY 9,527,709.85 for Q1 2019, compared to CNY 4,936,739.63 in Q1 2018, indicating a growth of 93.0%[32] - The net profit for Q1 2019 reached CNY 10,393,967.91, compared to CNY 5,435,840.52 in the same period last year, indicating an increase of about 91.5%[35] - The total profit for Q1 2019 was CNY 11,727,329.82, compared to CNY 6,048,073.93 in the previous year, marking an increase of about 94.4%[34] - The company's operating profit for Q1 2019 was CNY 11,027,329.82, compared to CNY 6,048,073.93 in the previous year, showing an increase of approximately 82.7%[34] Cash Flow - The net cash flow from operating activities rose by 22.10% to ¥6,769,577.49 compared to ¥5,544,295.52 in the same period last year[7] - The cash flow from sales of goods and services was ¥158,314,441.41, a decrease from ¥162,281,683.32 in Q1 2018[45] - The cash flow from operating activities for Q1 2019 was CNY 196,047,971.40, compared to CNY 195,308,198.37 in the previous year, showing a slight increase[41] - Total cash inflow from operating activities was ¥216,676,603.35, slightly down from ¥217,487,637.87 in the previous year[42] - Cash outflow from operating activities totaled ¥209,907,025.86, compared to ¥211,943,342.35 in Q1 2018, indicating a decrease of 1%[42] - The net cash flow from investing activities was -¥49,266,509.18, a significant decline from ¥4,318,433.32 in the same period last year[43] - Cash inflow from investing activities amounted to ¥202,069,553.82, up from ¥176,639,735.91 in Q1 2018[43] - Cash outflow from investing activities increased to ¥251,336,063.00, compared to ¥172,321,302.59 in the previous year, reflecting a rise of 45.8%[43] - The net cash flow from financing activities was -¥20,378,705.90, with total cash outflow of ¥20,378,705.90[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥856,945,386.02, a 1.82% increase from ¥841,630,525.61 at the end of the previous year[7] - The company's total assets as of March 31, 2019, amounted to CNY 827,526,235.35, compared to CNY 818,578,689.08 at the end of 2018, indicating a growth of 1.2%[31] - The total liabilities as of March 31, 2019, were CNY 233,842,453.17, slightly up from CNY 228,481,467.33 at the end of 2018, reflecting an increase of 2.0%[30] - Net assets attributable to shareholders reached ¥632,135,544.28, reflecting a 1.71% increase from ¥621,538,087.23 at the end of the last year[7] - The equity attributable to shareholders of the parent company was CNY 632,135,544.28, an increase from CNY 621,538,087.23 in the previous period, representing a growth of 1.0%[26] Expenses - Total operating costs for Q1 2019 were CNY 174,024,970.93, up from CNY 168,832,460.21 in the same period last year, reflecting a growth of 3.3%[32] - Sales expenses increased by 50.61% to ¥6,322,977.49 from ¥4,198,359.21, mainly due to market expansion efforts[14] - R&D expenses grew by 47.31% to ¥9,066,037.27 from ¥6,154,407.54, reflecting increased investment in new product development[14] - Research and development expenses increased to CNY 9,066,037.27 in Q1 2019, compared to CNY 6,154,407.54 in Q1 2018, marking a rise of 47.0%[32] - Financial expenses decreased by 75.94% to ¥1,631,205.65 from ¥6,780,335.18, attributed to foreign exchange gains from USD to RMB fluctuations[14] - The financial expenses for Q1 2019 decreased to CNY 1,561,310.22 from CNY 6,497,471.89 in the previous year, a reduction of approximately 75.9%[37] - Income tax expenses increased by 117.79% to ¥1,333,361.91 from ¥612,233.41, corresponding to higher profits[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,882[10] - The largest shareholder, You Aiguo, holds 33.33% of the shares, totaling 46,757,563 shares[10] Government Subsidies - The company received government subsidies amounting to ¥862,000, which are closely related to its business operations[8] Inventory and Receivables - Prepayments increased by 67.29% to ¥21,405,784.18 from ¥12,795,459.34, primarily for high-performance digital printing materials[14] - Inventory rose by 41.36% to ¥102,216,582.15 from ¥72,310,762.73, driven by an increase in sales orders[14] - Accounts receivable increased to CNY 84,071,313.59 from CNY 69,067,788.19, showing a growth of 21.8%[28] - Other receivables decreased by 84.08% to ¥977,770.29 from ¥6,140,255.87, as export tax refunds were received in a timely manner[14]