Financial Performance - The company's operating revenue for Q3 2021 was CNY 445,462,508.65, representing a year-on-year increase of 29.19%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 28,065,049.16, a decrease of 15.52% compared to the same period last year[3] - The basic earnings per share for Q3 2021 was CNY 0.17, down 15.00% year-on-year[3] - Net profit attributable to shareholders for Q3 2021 was CNY 98,925,093.05, compared to CNY 103,830,446.98 in Q3 2020, reflecting a decrease of 4.7%[19] - The net profit for Q3 2021 was CNY 98,588,859.86, an increase of 5.1% compared to CNY 93,645,967.86 in the same period last year[20] - The operating profit for the quarter was CNY 108,009,982.00, slightly up from CNY 107,579,538.54 year-over-year[20] - The total comprehensive income for the quarter was CNY 98,588,859.86, compared to CNY 93,645,967.86 in the same period last year[21] Revenue and Costs - Total operating revenue for Q3 2021 reached CNY 1,238,418,517.76, an increase of 44.4% compared to CNY 858,084,419.75 in the same period last year[19] - Total operating costs for Q3 2021 were CNY 1,139,493,424.71, up 51.1% from CNY 754,253,973.77 in Q3 2020[19] - The company experienced a 54.49% increase in operating costs, amounting to CNY 987,762,717.59, due to expanded sales scale[9] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 1,643,165,330.08, reflecting a growth of 34.54% from the end of the previous year[3] - Total assets as of September 30, 2021, were CNY 1,643,165,330.08, up 34.5% from CNY 1,221,281,870.27 at the end of 2020[17] - Total liabilities as of September 30, 2021, were CNY 494,466,630.71, an increase of 36.3% from CNY 362,955,260.37 at the end of 2020[16] - Inventory as of September 30, 2021, was CNY 253,093,343.72, a rise of 45.4% compared to CNY 174,003,333.31 at the end of 2020[15] Cash Flow - The company reported a net cash flow from operating activities of CNY 87,598,300.64, which is a decrease of 48.83% compared to the same period last year[3] - The cash flow from operating activities was CNY 87,598,300.64, down from CNY 171,199,395.96 in the same quarter last year[24] - The company reported a net cash outflow from investing activities of CNY -209,525,755.85, compared to CNY -142,504,764.75 in the previous year[24] - Cash and cash equivalents as of September 30, 2021, amounted to CNY 364,268,733.35, an increase of 50.0% from CNY 242,798,440.96 at the end of 2020[14] - The cash and cash equivalents at the end of the period totaled CNY 294,197,226.35, up from CNY 241,741,031.64 at the end of the same quarter last year[24] Research and Development - Research and development expenses increased by 39.00% to CNY 57,306,459.61, indicating a focus on new product development[9] - Research and development expenses for Q3 2021 were CNY 57,306,459.61, an increase of 38.9% from CNY 41,226,314.56 in Q3 2020[19] Equity and Financial Stability - The company's total equity attributable to shareholders increased by 34.61% to CNY 1,060,750,424.57[4] - The company's total equity attributable to shareholders increased to CNY 1,060,750,424.57, up 34.5% from CNY 787,999,125.24 in the previous year[17] - The company has a capital reserve of CNY 226,011,289.19, supporting its financial stability[28] Other Financial Metrics - The company incurred a credit impairment loss of CNY 2,240,168.68 during the quarter[20] - The company paid CNY 27,003,171.88 in taxes during the quarter, compared to CNY 19,399,863.88 in the previous year[24] - The company has no other non-recurring profit and loss items beyond those reported[6]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 792,956,009.11, representing a year-on-year increase of 54.49%[30]. - The net profit attributable to shareholders was CNY 42,852,621.69, a decrease of 15.69% compared to the same period last year[30]. - The net profit after deducting non-recurring gains and losses was CNY 39,428,829.51, down 17.00% year-on-year[30]. - The company's cash flow from operating activities was CNY 49,226,699.22, a decline of 44.19% compared to the previous year[30]. - The total assets at the end of the reporting period were CNY 1,549,618,441.35, an increase of 26.88% from the end of the previous year[30]. - The company reported a total revenue of 414,767,907 CNY, with a net loss of 578,703.42 CNY for the period[65]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2021, representing a year-over-year growth of 25%[91]. - The company reported a total comprehensive income of 50.827 million yuan for the current period, which is a slight increase compared to the previous period's total of 50.858 million yuan[167]. Market Expansion and Product Development - The company is actively expanding into the automotive protective film market, which has shown strong demand and helps mitigate the volatility in the digital printing materials sector[6]. - The company plans to enhance its product line and market reach through precise marketing strategies and differentiated products to counteract intensified market competition[7]. - The company established a subsidiary in Thailand to expand into the ASEAN market, with production expected to start in the second half of 2021[32]. - The company invested approximately CNY 880 million in the Narl Fengcheng project, focusing on the production of digital printing inks and biodegradable films[32]. - The company is expanding its market presence by developing new application areas, such as the automotive protective film market, to counterbalance industry cyclicality[68]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[167]. - New product development initiatives are underway, aimed at enhancing the company's competitive edge in the industry[167]. Research and Development - The company has a strong focus on research and development to maintain competitiveness in the global market[7]. - Research and development expenses rose by 40.67% to ¥36,719,077.08, compared to ¥26,102,336.29 in the previous year, reflecting the company's commitment to enhancing new technology[43]. - The company has established a strong research and development capability, focusing on various core technologies such as coating and bonding techniques[35]. - Ongoing research and development efforts have led to the introduction of two new technologies, which are anticipated to enhance operational efficiency by 15%[91]. Financial Management and Governance - The company will not distribute cash dividends or issue bonus shares for the reporting period[8]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board and management, ensuring accountability[3]. - The company has established a comprehensive corporate governance structure to ensure fair treatment of all shareholders and enhance operational transparency[83]. - The company is committed to employee development through training programs and has established a fund to assist employees in need[83]. - The company has committed to strict compliance with information disclosure responsibilities to safeguard investor interests[89]. Risks and Challenges - The company reported significant fluctuations in raw material prices, particularly for PVC films and resins, impacting production costs due to high dependency on these materials[4]. - The company is facing risks from industry cycles, with potential adverse effects on sales due to macroeconomic uncertainties[5]. - The company faced significant risks from raw material price fluctuations, which are closely tied to the prices of petrochemical and paper products[68]. - The company has a high proportion of overseas sales, making it vulnerable to exchange rate fluctuations that could affect pricing competitiveness and profit margins[68]. Shareholder and Equity Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002825[17]. - The total number of ordinary shareholders at the end of the reporting period was 11,267[127]. - Major shareholder You Aiguo holds 28.85% of the company's shares, totaling 49,398,408 shares[127]. - The company has a commitment to shareholder return planning for the next three years (2020-2022)[123]. - The company reported a total of 171,221,800 shares after the recent changes, with a significant increase of 24,280,800 shares issued in 2021[117]. Cash Flow and Investments - The company achieved a net cash inflow from financing activities of ¥203,387,975.25, a substantial increase of 3,475.57% compared to ¥5,688,264.27 in the previous year, mainly due to a targeted issuance[43]. - The total cash inflow from investment activities was CNY 261,549,460.21, significantly up from CNY 122,483,012.08, marking an increase of 113.2%[162]. - The cash outflow for investment activities was CNY 426,546,173.00, a substantial increase from CNY 93,697,566.03 in the prior period[162]. - The company reported a significant increase in cash received from investment activities, with CNY 254,000,000.00 received compared to CNY 113,750,000.00 in the previous period[162]. Compliance and Regulatory Matters - The company has committed to avoiding any form of competition with its existing business during the control period, ensuring no investments in similar businesses[86]. - The controlling shareholder has pledged to minimize related party transactions and ensure they are conducted at fair market prices[86]. - The company has not engaged in any major related party transactions during the reporting period[99]. - The company has no non-operating fund occupation by controlling shareholders or related parties[94].

Financial Performance - The company's operating revenue for Q1 2021 was ¥367,430,228.28, representing a 73.20% increase compared to ¥212,144,512.84 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was ¥21,374,376.69, a significant increase of 156.97% from ¥8,317,912.00 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥19,874,915.21, up 151.85% from ¥7,891,464.45 year-on-year[7]. - Basic earnings per share for Q1 2021 were ¥0.13, reflecting a 160.00% increase from ¥0.05 in the previous year[7]. - The company reported a net profit margin improvement, with undistributed profits rising to ¥400,727,512.79 from ¥379,353,136.10[40]. - Operating profit for Q1 2021 reached CNY 36,665,686.09, compared to CNY 11,372,398.22 in the same period last year, representing a growth of approximately 222%[47]. - Net profit for Q1 2021 was CNY 32,910,012.67, up from CNY 9,925,480.26, indicating a year-over-year increase of about 231%[47]. Cash Flow - The net cash flow from operating activities was ¥13,293,785.18, which is a 34.84% increase compared to ¥9,858,799.65 in the same period last year[7]. - Cash received from sales of goods and services increased by 37.24% to CNY 378,334,248.72, indicating improved cash flow from operations[16]. - The cash inflow from operating activities was CNY 398,196,950.28, significantly higher than CNY 288,843,236.64 in the prior year[54]. - The total cash inflow from investment activities was 161,209,795.14 RMB, significantly higher than 26,633,430.24 RMB in the prior period, indicating a growth of about 504.5%[55]. - The cash inflow from sales of goods and services was 211,954,248.16 RMB, up from 156,435,480.95 RMB, representing a growth of approximately 35.5%[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,563,368,825.32, marking a 28.01% increase from ¥1,221,281,870.27 at the end of the previous year[7]. - The company's total liabilities increased to ¥402,201,957.14 from ¥362,955,260.37, reflecting a growth in financial obligations[39]. - The company's total equity attributable to shareholders reached ¥1,079,409,212.88, compared to ¥787,999,125.24 in the previous period, reflecting strong growth in shareholder value[40]. - The total current liabilities were reported at CNY 309,337,355.95, with other current liabilities at CNY 2,856,057.50[66]. Investments and Projects - The total investment amount for the high-performance digital printing materials project is 15,134.41 million CNY, with a completion rate of 106.64%[25]. - The digital printing materials engineering technology research and development center project has a total investment of 2,636.73 million CNY, fully completed at 100%[25]. - The acquisition of 34.33% equity in Moku Graphic Company was completed with an investment of 5,300 million CNY, achieving a 100% completion rate[25]. - The company has invested 2,455.03 million CNY for working capital and intermediary fees, with a completion rate of 100.15%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,754[11]. - The company has not experienced any significant changes in accounting policies or principles regarding derivatives compared to the previous reporting period[27]. Compliance and Governance - The company has no speculative operations in its foreign exchange derivative trading activities, focusing instead on hedging against exchange rate fluctuations[24]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[32]. - The company has not conducted an audit for the Q1 2021 report[69].

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].