证券代码：002830 证券简称：名雕股份 公告编号：2021-047 深圳市名雕装饰股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生 态"上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市名雕装饰股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值，交流创造良好生态"--2021 深圳辖区上市公司投资者网上 集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司财务总监黄立先生和董事会秘书、副总经理刘灿星先生将通过网络 文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市名雕装饰股份有 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥222,179,753.07, a decrease of 16.38% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥10,249,527.55, down 33.16% year-on-year, while the year-to-date net profit increased by 494.23% to ¥13,980,856.23[3]. - The basic earnings per share for Q3 2021 was ¥0.08, a decrease of 33.33% compared to the same period last year[3]. - Total revenue for the current period reached CNY 609,991,136.57, compared to CNY 543,751,204.40 in the previous period, representing an increase of approximately 12.2%[16]. - Operating profit improved to CNY 25,098,160.96, a turnaround from a loss of CNY 3,237,325.81 in the previous period[17]. - Net profit for the current period was CNY 17,866,764.45, compared to a net loss of CNY 1,026,286.59 in the same period last year, indicating a significant recovery[17]. - The net profit attributable to the parent company was CNY 13,980,856.23, a decrease of CNY 3,546,358.34 compared to the previous period[18]. - The total comprehensive income attributable to the parent company was CNY 13,980,856.23, down from the previous period by CNY 3,546,358.34[18]. - The basic and diluted earnings per share were both CNY 0.10, a decrease of CNY 0.03 compared to the previous period[18]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,561,227,072.04, reflecting a 4.19% increase from the end of the previous year[3]. - Total assets increased to CNY 1,561,227,072.04 as of September 30, 2021, compared to CNY 1,498,377,879.50 at the end of 2020, reflecting a growth of approximately 4.3%[12]. - Current assets rose significantly to CNY 1,021,182,849.76, up from CNY 694,719,669.73, marking an increase of about 46.9%[12]. - Total liabilities increased to CNY 899,051,925.66 from CNY 835,670,636.54, reflecting a rise of about 7.6%[14]. - Total liabilities reached CNY 835,670,636.54, with current liabilities at CNY 835,090,189.67 and non-current liabilities at CNY 580,446.87[26]. - Shareholders' equity totaled CNY 662,707,242.96, including CNY 646,174,853.23 attributable to the parent company[27]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥45,760,438.23, a significant decrease of 76.18%[3]. - Cash inflows from operating activities totaled CNY 823,829,342.80, an increase from CNY 777,865,946.49 in the previous period[21]. - The net cash flow from operating activities was CNY 45,760,438.23, down from CNY 192,111,939.95 in the previous period[21]. - Cash outflows from investing activities amounted to CNY 311,517,248.87, a decrease from CNY 737,560,562.60 in the previous period[22]. - The net cash flow from investing activities was -CNY 97,211,157.70, an improvement from -CNY 266,865,112.97 in the previous period[22]. - Cash and cash equivalents at the end of the period were CNY 308,436,697.44, down from CNY 497,993,924.33 at the end of the previous period[22]. - The company received CNY 209,000,000.00 from other investment-related cash activities, down from CNY 470,000,000.00 in the previous period[21]. - The company paid CNY 18,398,861.03 in cash for debt repayment and interest distribution, an increase from CNY 17,334,200.00 in the previous period[22]. Shareholder Information - The company has a total of 8,705 common shareholders as of the end of the reporting period[10]. - The top three shareholders hold a combined 66.33% of the company's shares, indicating a concentrated ownership structure[10]. Research and Development - Research and development expenses increased to CNY 9,652,445.51, up from CNY 8,658,118.41, indicating a growth of about 11.5%[17]. Other Financial Information - The company received government subsidies totaling ¥802,303.91 in Q3 2021, contributing to its non-operating income[5]. - The company reported an increase in construction material and wood product delivery, leading to higher revenue and net profit compared to the previous year[7]. - The company has not undergone an audit for the third quarter report[28]. - The report indicates a significant amount of other receivables at CNY 7,430,237.66 and inventory at CNY 21,540,983.40[25]. - The company holds debt investments valued at CNY 509,554,774.90 and fixed assets worth CNY 131,432,723.38[25]. - The company has a total of CNY 29,892,555.55 in payable employee compensation[26]. - The report reflects a total of CNY 46,169,319.21 in long-term deferred expenses[25].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 387,811,383.50, representing a 39.48% increase compared to CNY 278,042,958.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 3,731,328.68, a significant turnaround from a loss of CNY 18,881,800.00 in the previous year, marking a 119.76% improvement[20]. - The net profit after deducting non-recurring gains and losses was CNY 1,270,303.98, compared to a loss of CNY 20,909,577.46 in the same period last year, reflecting a 106.08% increase[20]. - The basic earnings per share improved to CNY 0.03 from a loss of CNY 0.14, indicating a 121.43% increase[20]. - The total assets of the company at the end of the reporting period were CNY 1,555,246,528.62, a 3.80% increase from CNY 1,498,377,879.50 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 1.90% to CNY 633,905,381.91 from CNY 646,174,853.23 at the end of the previous year[20]. - The net cash flow from operating activities was CNY 24,355,998.58, down 69.51% from CNY 79,889,868.40 in the same period last year[20]. - The company reported a total investment of ¥56,596,853.70 during the reporting period, a 29.46% increase from ¥43,717,882.99 in the same period last year[50]. - The company reported a decrease in total equity of RMB -33,017,754 during the current period[158]. - The total comprehensive income for the period is CNY -819,102.21, indicating a loss[156]. Revenue Sources - Revenue from residential decoration design and construction was ¥188,161,354.08, accounting for 48.52% of total revenue, with a year-on-year growth of 36.47%[40]. - Sales of building materials and wooden products increased by 94.47% to ¥170,423,766.44, representing 43.95% of total revenue[40]. - Rental income from owned properties rose by 143.18% to ¥948,727.22, reflecting a significant increase from ¥390,133.75 in the previous year[40]. Operational Efficiency - The company has developed the M-BOSS system for intelligent management and the CRM system for customer relationship management, enhancing operational efficiency[20]. - The company maintains a comprehensive service value chain, integrating design, construction, and after-sales services[29]. - The company has established a big data resource library and launched a cloud-based home decoration service, enhancing customer experience through technology[36]. Risks and Challenges - The company faces risks related to seasonal business fluctuations and rising labor and material costs, particularly due to the ongoing pandemic[6]. - The company faces risks from the pandemic, which has led to a decline in new customer renovation intentions and slowed construction progress for signed contracts[60]. - Rising labor and material costs pose operational risks, with increased expenses in labor, raw materials, and logistics impacting profitability[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,011[112]. - The largest shareholder, Lan Jixiao, holds 22.55% of the shares, totaling 30,073,000 shares[112]. - The second-largest shareholder, Lin Jincheng, holds 21.89% of the shares, totaling 29,188,500 shares[112]. - The company emphasizes shareholder rights and has maintained a stable profit distribution policy for nine consecutive years[79]. Investment and Cash Flow - The net cash flow from investing activities increased by 143.36% to CNY 48,575,648.31, due to the redemption of financial products[38]. - The net increase in cash and cash equivalents was CNY 54,532,785.85, a 210.23% increase resulting from the redemption of financial products[38]. - The company incurred asset impairment losses of 249,478.45 yuan, compared to no losses in the same period of 2020[138]. Environmental and Social Responsibility - The company has not faced any environmental penalties during the reporting period and adheres to environmental regulations[76]. - The company promotes low-carbon and healthy living environments through innovative materials and community education initiatives[80]. - The company has established a public welfare foundation to support various charitable activities, including education and disaster relief[82]. Accounting and Financial Reporting - The half-year financial report has not been audited, indicating a need for caution in interpreting financial data[88]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[170]. - The company recognizes cash and cash equivalents as cash on hand and deposits available for payment, with cash equivalents defined as short-term, highly liquid investments that are easily convertible to known cash[187].

深圳市名雕装饰股份有限公司 2021 年第一季度报告全文 深圳市名雕装饰股份有限公司 2021 年第一季度报告 2021-018 2021 年 04 月 1 深圳市名雕装饰股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人蓝继晓、主管会计工作负责人黄立及会计机构负责人(会计主管 人员)肖利红声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市名雕装饰股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 164,606,346.30 | 93,369,310.74 | 76.30% | | 归属于上市公司股东的净利润（元） | -15,893,370. ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥867.21 million, a decrease of 3.44% compared to ¥898.14 million in 2019[16] - The net profit attributable to shareholders for 2020 was approximately ¥22.39 million, down 7.58% from ¥24.23 million in 2019[16] - The net cash flow from operating activities increased by 22.88% to approximately ¥179.84 million in 2020, compared to ¥146.36 million in 2019[16] - The total assets at the end of 2020 were approximately ¥1.50 billion, reflecting a 14.81% increase from ¥1.31 billion at the end of 2019[16] - The basic earnings per share for 2020 was ¥0.17, a decrease of 5.56% from ¥0.18 in 2019[16] - The weighted average return on equity for 2020 was 3.49%, down from 3.80% in 2019[16] - The net profit after deducting non-recurring gains and losses was approximately ¥19.84 million, a decrease of 11.08% from ¥22.32 million in 2019[16] - The company's net assets attributable to shareholders at the end of 2020 were approximately ¥646.17 million, a slight increase of 0.79% from ¥641.11 million at the end of 2019[16] - The company achieved total revenue of CNY 86,720.56 million in 2020, a decrease of 3.44% compared to the previous year[62] - The net profit attributable to the parent company was CNY 2,239.44 million, down 7.58% year-on-year[62] Revenue Breakdown - Revenue from residential decoration design and construction was ¥492,915,758.45, accounting for 56.84% of total revenue, down 1.99% year-on-year[68] - Public building decoration design and construction revenue increased by 26.04% to ¥73,842,427.62, representing 8.51% of total revenue[68] - Revenue from building materials and wooden products sales decreased by 11.60% to ¥276,364,680.92, accounting for 31.87% of total revenue[68] - Rental income from self-owned properties dropped significantly by 61.25% to ¥1,395,249.83, representing only 0.16% of total revenue[68] - Comprehensive management service fee income rose by 11.06% to ¥22,687,467.19, making up 2.62% of total revenue[68] Market and Business Strategy - The company has developed a comprehensive service value chain, integrating design, construction, material supply, and after-sales service, targeting mid-to-high-end customers[25] - The company launched an integrated cloud home decoration service, utilizing VR and 3D technology to enhance customer experience through various digital platforms[25] - The company operates multiple sub-brands, including "Mingdiao Design" and "Mingdiao Dandi," focusing on different market segments such as high-end villas and large residential projects[30][31] - The company aims to expand its market reach through a combination of direct sales and chain store development strategies[33] - The company has expanded its market through a direct chain model, establishing new direct branches and logistics centers to enhance regional presence[34] - The company is focusing on creating a smart home ecosystem by developing an intelligent decoration platform to enhance service offerings and operational standards[122] Operational Efficiency and Innovation - The company has implemented an experiential marketing model, providing customers with a transparent and immersive experience throughout the decoration process[33] - The company has built a replicable business model focused on "home decoration productization," enhancing its capabilities in material research and integrated information platforms[37] - The company has developed a full-process design management model, ensuring designers are involved in all stages of construction to maintain design integrity[36] - The company has implemented a cloud design platform that allows for 1-minute rapid 3D modeling and VR panoramic design experiences[63] - The company is investing 100 million RMB in R&D for new technologies aimed at improving operational efficiency and customer experience[156] Challenges and Risks - The company acknowledges risks related to seasonal business fluctuations and rising labor and material costs, particularly due to the ongoing pandemic[4] - The company’s operational model is designed to adapt to the cyclical nature of the real estate market, which influences the residential decoration industry[40] - Rising costs in the residential decoration industry are driven by labor shortages and increasing wages, as well as higher prices for raw materials and rent, which may lead to increased operational costs and potential performance declines[128] - The company acknowledges potential risks in project implementation due to changes in industry policies and market conditions, which could affect profitability timelines[130] Future Outlook - The company expects to achieve a revenue of 953 million yuan in 2021, representing a year-on-year growth of 9.89%, and a net profit of 30.6 million yuan, up 18.95% year-on-year[123] - The company plans to implement an industrialization strategy focusing on standardized design, industrial production, and assembly construction, aiming to enhance operational efficiency[122] - The company is enhancing its digital transformation, leveraging the M-BOSS and CRM systems to improve customer engagement and operational efficiency[125] - The company plans to carefully evaluate investment projects funded by raised capital, with adjustments made as necessary to mitigate implementation risks[131] Shareholder and Financial Management - The company plans to distribute a cash dividend of ¥1.2 per 10 shares, totaling approximately ¥16 million based on 133,340,000 shares[4] - The cash dividend for 2020 represents 71.45% of the net profit attributable to the company's ordinary shareholders, maintaining a consistent payout ratio compared to previous years[138] - The company plans to initiate share repurchase measures, with the repurchase price being the market price at the time of repurchase, but not lower than the initial public offering price[147] - The company will hold a board meeting to discuss share repurchase plans and submit them for shareholder approval[147] Corporate Social Responsibility - The company emphasizes the importance of customer and employee rights, advocating for a low-carbon and healthy living environment through innovative eco-friendly materials and practices[188] - The company has established an ISO14001 environmental management system, ensuring compliance with national environmental regulations and achieving zero environmental pollution incidents during the reporting period[189] - The company has been actively involved in social welfare activities since 2014, including educational support and disaster relief, with the establishment of the Mingdiao Public Welfare Foundation in 2017[190]

证券代码：002830 证券简称：名雕股份 公告编号：2020-068 深圳市名雕装饰股份有限公司 关于参加 2020 深圳辖区"诚实守信，做受尊重的上市公司" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市名雕装饰股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办 的"诚实守信 做受尊重的上市公司"--2020 深圳辖区"创业创新"上市公司投资者 网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/）或 关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司财务总监黄立先生和董事会秘书、副总经理刘灿星先生将通过网络 文字交流形式与投资者进行沟通。欢迎广大投资者积极参与。 特此公告。 深圳市名雕装饰股份有 ...

Financial Performance - Operating revenue for the reporting period was CNY 265,708,245.56, representing an 18.58% increase year-on-year[7] - Net profit attributable to shareholders increased by 356.32% to CNY 15,335,441.66 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 15,104,454.39, up 384.33% year-on-year[7] - Basic earnings per share rose by 300.00% to CNY 0.12[7] - Operating profit for the current period was ¥22,823,984.50, significantly higher than ¥5,560,818.35 in the previous period, reflecting an increase of approximately 310%[42] - Net profit for the current period was ¥16,669,676.33, compared to ¥4,384,879.22 in the previous period, marking a growth of around 280%[42] - The company reported a total profit for the current period of ¥23,322,746.25, compared to ¥5,566,116.38 in the previous period, showing an increase of approximately 318%[42] - The company’s total comprehensive income for the current period was ¥16,669,676.33, compared to ¥4,384,879.22 in the previous period, reflecting a growth of around 280%[43] Assets and Liabilities - Total assets increased by 11.71% to CNY 1,457,843,841.18 compared to the end of the previous year[7] - Current assets totaled CNY 667,969,403.09, up from CNY 646,440,801.25, indicating an increase of about 5.0%[32] - Non-current assets amounted to CNY 789,874,438.09, compared to CNY 658,619,457.20, reflecting a growth of approximately 19.9%[32] - Total liabilities increased to CNY 819,729,181.95 from CNY 648,585,112.63, marking a rise of about 26.3%[34] - The total liabilities to equity ratio increased, indicating a higher leverage position for the company[34] - The total current liabilities increased by CNY 338,385,590.08 compared to the previous period, indicating a rise in short-term obligations[66] Cash Flow - The net cash flow from operating activities increased by 44.56% to CNY 112,222,071.55[7] - The net cash flow from operating activities for Q3 2020 was CNY 192,111,939.95, an increase of 73.3% compared to CNY 110,775,362.07 in Q3 2019[58] - Total cash inflow from operating activities was CNY 777,865,946.49, up from CNY 735,391,461.48 in the same period last year[58] - Cash outflow from operating activities decreased to CNY 585,754,006.54 from CNY 624,616,099.41, reflecting improved operational efficiency[58] - The net cash flow from investing activities was -CNY 266,865,112.97, a slight improvement from -CNY 317,751,444.84 in Q3 2019[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,823[11] - The top three shareholders held a combined 66.33% of the shares, with 蓝继晓 holding 22.55%[11] - The total equity attributable to shareholders decreased to CNY 620,234,119.05 from CNY 641,114,677.39, a decline of approximately 3.3%[35] Investments and Expenditures - The company plans to invest approximately ¥316.51 million in the Qingyuan Mingdiao Ecological Home Furnishing Industrial Park, which will produce various furniture products upon completion[17] - The company has utilized ¥174.996 million of raised funds for projects, with ¥59.0391 million remaining unutilized[21] - The company reported a significant decrease in investment income, down 111.29% to -¥839.68 thousand, due to reduced income from structured financial products[15] Research and Development - Research and development expenses decreased to ¥1,925,462.47 from ¥4,209,635.50, a reduction of approximately 54%[41] - Research and development expenses decreased to $8.66 million, down 19.93% from $10.82 million in the previous period[49] Government Support - The company received government subsidies totaling CNY 2,388,260.55 during the reporting period[8] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[26] - The company has not undergone an audit for the Q3 report[71] - The company implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments made[71]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥278.04 million, a decrease of 13.47% compared to ¥321.33 million in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥18.88 million, representing a significant decline of 792.12% from a loss of ¥2.12 million in the previous year[17]. - The basic earnings per share were reported at -¥0.14, a decrease of 600.00% from -¥0.02 in the same period last year[17]. - The total operating revenue for the reporting period was CNY 278,042,958.84, a decrease of 13.47% compared to CNY 321,327,257.20 in the same period last year[40]. - The net profit attributable to the parent company was CNY -1.89 million, a decline of 792.12% year-on-year[37]. - The company's operating profit showed a significant decline, with a loss of ¥26,061,310.31 compared to a loss of ¥1,189,465.47 in the previous year[146]. - The total comprehensive income for the first half of 2020 was -¥17,695,962.92, compared to -¥1,410,028.44 in the same period of 2019[147]. Cash Flow and Assets - The net cash flow from operating activities increased by 141.04%, reaching ¥79.89 million compared to ¥33.14 million in the same period last year[17]. - The company's cash and cash equivalents decreased by CNY 49,473,531.31, a decline of 114.57% due to increased purchases of structured financial products[40]. - The ending cash and cash equivalents balance was ¥540,607,766.04, down from ¥789,414,421.20 at the end of the first half of 2019, representing a decrease of approximately 31.5%[155]. - The total assets at the end of the reporting period were approximately ¥1.35 billion, an increase of 3.70% from ¥1.31 billion at the end of the previous year[17]. - The company's total liabilities reached CNY 731,940,744.42, compared to CNY 648,585,112.63, an increase of approximately 12.8%[138]. Investment and R&D - Research and development investment increased by 1.88% to CNY 6.73 million compared to CNY 6.61 million in the previous year[39]. - The company reported an investment loss of ¥908,254.63, a significant decline from an investment gain of ¥4,590,143.33 in the first half of 2019[144]. - The company has increased its investment in structured deposits, leading to a rise in trading financial assets[26]. Market and Operational Challenges - The company faces risks related to the real estate industry policies and seasonal business fluctuations, particularly due to the impact of the COVID-19 pandemic[4]. - The COVID-19 pandemic has significantly impacted the residential decoration industry, leading to a decline in new customer renovation intentions and project delays due to lockdowns[75]. - Rising labor and material costs pose operational risks, with increased expenses potentially leading to a decline in performance[78]. - Seasonal fluctuations affect the company's business, with the first quarter typically being a slow season due to the Spring Festival and weather conditions impacting construction[77]. Corporate Governance and Compliance - The semi-annual financial report has not been audited, indicating a lack of external validation for the reported figures[85]. - The company reported no significant litigation or arbitration matters during the reporting period[87]. - The company has not encountered any issues with the progress or expected benefits of the projects[64]. - The company has not sold any major assets or equity during the reporting period[71][72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,786[117]. - The largest shareholder, Lan Jixiao, holds 22.55% of the shares, totaling 30,073,000 shares[117]. - The company has a total share count of 133,340,000 shares, with no significant changes in total shares during the reporting period[112]. Future Outlook - The company plans to focus on "cost reduction and efficiency enhancement" in the second half of the year[37]. - The company anticipates a rebound in demand in the second half of 2020, driven by consumer awareness of green and smart home decoration, potentially leading to a secondary renovation market[75]. - The company is actively utilizing a CRM system to transition to online operations, enhancing customer engagement and operational efficiency[75].

Financial Performance - The company's operating revenue for Q1 2020 was ¥93,369,310.74, a decrease of 24.93% compared to ¥124,369,250.59 in the same period last year[7] - The net profit attributable to shareholders was -¥25,811,584.79, representing a decline of 47.53% from -¥17,495,567.47 year-on-year[7] - The basic earnings per share were -¥0.19, a decrease of 46.15% compared to -¥0.13 in the same period last year[7] - The company's net profit for Q1 2020 was not explicitly stated, but the decrease in revenue and costs indicates a challenging financial environment[41] - The net profit for Q1 2020 was a loss of CNY 25,414,845.98, compared to a loss of CNY 17,217,594.17 in the same period last year, representing an increase in loss of approximately 47.5%[43] - The total comprehensive income for Q1 2020 was a loss of CNY 25,414,845.98, compared to a loss of CNY 17,217,594.17 in the previous year[43] - The operating profit for Q1 2020 was a loss of CNY 34,439,275.68, compared to a loss of CNY 25,276,209.46 in the previous period[42] - The total profit for Q1 2020 was a loss of CNY 33,661,485.52, compared to a loss of CNY 23,045,496.64 in the previous year[42] Cash Flow - The net cash flow from operating activities was -¥105,375,748.35, a significant drop of 98.36% compared to -¥53,124,486.63 in the previous year[7] - Net cash flow from operating activities decreased by 98.36% to -¥105,375,748.35 due to reduced prepayments and increased employee compensation payments[20] - The cash inflow from operating activities was CNY 88,307,280.21, down from CNY 139,397,011.92 in the previous period[49] - The total cash inflow from operating activities was 213,727,290.86 CNY, up from 128,269,310.33 CNY in the previous period, suggesting improved revenue generation[54] - The company reported a net increase in cash and cash equivalents of -205,483,428.60 CNY, compared to -61,137,062.70 CNY in the previous period, reflecting ongoing cash management challenges[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,201,641,499.98, down 7.92% from ¥1,305,060,258.45 at the end of the previous year[7] - Total assets decreased from ¥1,305,060,258.45 to ¥1,201,641,499.98, a reduction of approximately 7.95%[32] - Total liabilities decreased from ¥648,585,112.63 to ¥570,581,200.14, a reduction of approximately 12.0%[34] - Total liabilities decreased to CNY 498,925,839.35 from CNY 524,417,893.78[38] - The company's equity attributable to shareholders decreased to CNY 538,252,719.65 from CNY 558,986,490.34[38] - The total current assets were reported at CNY 513,670,405.65, with inventory at CNY 14,056,801.73[62] Expenses - Total operating costs for Q1 2020 were CNY 131,718,896.10, down from CNY 149,414,039.00 in the previous period[41] - The company incurred sales expenses of CNY 19,156,431.94 in Q1 2020, down from CNY 26,369,913.08 in the previous year[45] - Research and development expenses increased to CNY 2,935,204.65 from CNY 2,289,005.04, reflecting ongoing investment in innovation[41] - The research and development expenses for Q1 2020 were CNY 3,028,782.62, compared to CNY 2,289,005.04 in the previous year, indicating an increase of approximately 32.4%[45] Government Support and Subsidies - The company received government subsidies totaling ¥928,568.09 during the reporting period[8] Financial Adjustments - The company reported a significant increase in other current assets by 4890.57% due to the purchase of structured deposits[16] - The accounts payable decreased by 58.27% to ¥20,042,616.69, reflecting a reduction in payable project costs[16] - Tax and additional fees decreased by 74.75% to ¥258,793.22 due to a decline in revenue[18] - Financial expenses decreased by 75.87% to -¥1,298,130.32 as interest income from deposits decreased[18] - Investment income increased by 691.00% to ¥3,476,706.26 due to higher returns from structured deposit investments[18] Revenue Recognition Changes - The company reported a significant adjustment in contract liabilities due to the new revenue recognition standards, impacting pre-receipts[62] - The implementation of new revenue and leasing standards began on January 1, 2020, affecting the reporting of contract liabilities[64] Audit Status - The company has not undergone an audit for the first quarter report[65]

Dividend Distribution - The company plans to distribute a cash dividend of 1.3 RMB per 10 shares to all shareholders, based on a total of 133,340,000 shares[4] - The company proposed a cash dividend distribution of 17,334,200.00 CNY for the year 2019, which translates to 1.30 CNY per 10 shares[133] - The cash dividend for 2018 was 21,334,400.00 CNY, amounting to 1.60 CNY per 10 shares, reflecting a 46.44% payout ratio of the net profit[134] - The cash dividend for 2017 was 16,000,800.00 CNY, equating to 1.20 CNY per 10 shares, with a payout ratio of 31.02% of the net profit[134] - The total distributable profit for 2019 was 227,521,970.79 CNY, after accounting for the net profit of 30,575,000.80 CNY and the legal surplus reserve[136] - The cash dividend distribution for 2019 represents 71.53% of the net profit attributable to shareholders[134] - The company’s cash dividend payout ratio for 2019 is 100% of the total profit distribution[136] - The company has maintained a consistent cash dividend policy over the past three years, with no other forms of distribution such as share buybacks[134] Financial Performance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[3] - The company's operating revenue for 2019 was ¥898,142,578.62, representing a year-over-year increase of 17.57% compared to ¥763,949,608.26 in 2018[18] - The net profit attributable to shareholders for 2019 was ¥24,232,325.13, a decrease of 47.25% from ¥45,938,089.68 in 2018[18] - The net profit after deducting non-recurring gains and losses was ¥22,315,423.51, down 49.74% from ¥44,396,747.73 in 2018[18] - The net cash flow from operating activities increased by 16.31% to ¥146,356,846.51 from ¥125,837,338.99 in 2018[18] - The total assets at the end of 2019 were ¥1,305,060,258.45, reflecting a 7.99% increase from ¥1,208,512,723.37 at the end of 2018[18] - The company's basic and diluted earnings per share for 2019 were both ¥0.18, a decline of 47.06% from ¥0.34 in 2018[18] - The weighted average return on equity for 2019 was 3.80%, down from 7.39% in 2018, indicating a decrease of 3.59%[18] Business Operations - The company operates in the residential decoration industry, facing risks from real estate policies and seasonal business fluctuations[4] - The company has developed the M-BOSS system, an intelligent management system covering various operational aspects from customer acquisition to after-sales service[9] - The company reported no changes in its main business since its listing[17] - The company is currently in a state of no actual controller or controlling shareholder since December 13, 2019[17] - The company emphasizes the importance of risk awareness among investors regarding future plans and strategies[4] - The company acknowledges the impact of the COVID-19 pandemic on its operations and advises investors to be cautious[4] - The company has subsidiaries focused on various aspects of the decoration industry, including custom home solutions and public building decoration[9] - The company has a comprehensive quality management approach (TQM) aimed at achieving sustainable operations through customer satisfaction[9] Market Trends and Strategies - The residential decoration industry has seen significant growth, with market value increasing from 850 billion yuan in 2008 to 2.04 trillion yuan in 2018, a growth rate of 140%[43] - The residential decoration industry is experiencing a shift towards personalized, diversified, and intelligent trends, driven by increasing consumer demands for quality living environments[115] - The company anticipates that the industrialized and prefabricated decoration will lead to an efficiency revolution in the industry, supported by national policies and standards[116] - The company is expanding its business coverage to third- and fourth-tier cities to capture new demand in the residential decoration market[123] - The company expects a potential increase in renovation demand in the second half of 2020 due to postponed projects from the pandemic[122] - The company emphasizes the importance of adapting to real estate policy changes that affect the residential decoration industry[123] - The company acknowledges the seasonal nature of its business, with typically lower activity in the first quarter due to traditional holidays[124] Technology and Innovation - The company has integrated technology and internet thinking into its home decoration services, launching a comprehensive cloud-based service experience[27] - The company has developed a cloud design platform that integrates core design cases and material resources, enhancing overall design service capabilities[66] - The company has developed high-end brands such as "Mingdiao Dandi" targeting the villa and luxury market, and "Bainbang" focusing on elite family customized services, with a product package aimed at clients with 100 square meters and a budget of 300,000 yuan[34] - The company has established a five-layer experiential marketing system, enhancing customer experience through transparency in the renovation process and utilizing virtual reality technology for a 720° immersive experience[37] - The company is committed to integrating internet technology into the decoration industry to improve service quality and efficiency[115] Research and Development - The total research and development expenditure was ¥16,826,479.72, accounting for 1.87% of operating revenue, down from 2.24% in 2018[89] - The company has a total of 78 patented technologies in materials and processes, showcasing its strong R&D capabilities[58] - The company has invested 50 million RMB in research and development for new technologies aimed at improving service efficiency and customer satisfaction[141] Customer Management and Service - The company has implemented a comprehensive after-sales service system, providing 24-hour service response to customer needs[51] - The company has established a CRM system to improve customer management and service efficiency throughout the renovation process[66] - The company is actively utilizing CRM systems and new media tools to enhance customer operation efficiency amid the COVID-19 pandemic[122] Financial Stability and Future Outlook - The company expects a revenue growth forecast of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[140] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[140] - A strategic acquisition of a local competitor is anticipated to be finalized by Q2 2020, expected to enhance the company's service offerings[138] - The management highlighted a commitment to maintaining a debt-to-equity ratio below 0.5 to ensure financial stability[139] - The company plans to implement a stock repurchase program to stabilize its stock price, with the repurchase amount not exceeding 100% of the previous fiscal year's audited net profit attributable to shareholders[143] Shareholder Structure and Governance - As of December 13, 2019, the company has no controlling shareholder or actual controller, following the termination of the concerted action agreement among major shareholders[197] - The company’s major shareholders do not hold or control more than 30% of the voting rights, ensuring no single shareholder can unilaterally influence board decisions[199] - The company’s stock structure analysis indicates a lack of a single controlling entity, enhancing governance stability[197] - The termination of the concerted action agreement was officially announced on December 13, 2019, marking a significant change in the company's control structure[198]