Financial Performance - The company's operating revenue for 2022 was ¥149,685,985.30, representing a 3.65% increase compared to ¥144,420,822.53 in 2021[20]. - Net profit attributable to shareholders for 2022 reached ¥84,096,533.15, a significant increase of 652.41% from ¥11,176,927.15 in 2021[20]. - Basic earnings per share for 2022 were ¥0.44, up 633.33% from ¥0.06 in 2021[20]. - The company reported a total revenue of ¥40.30 million in Q1 2022, with a net profit attributable to shareholders of ¥4.67 million[24]. - The company achieved total revenue of 149.69 million yuan in 2022, representing a year-on-year growth of 3.65%[50]. - The net profit attributable to shareholders reached 84.10 million yuan, a significant increase of 652.41% compared to the previous year[50]. - The net cash flow from operating activities decreased by 54.02% to ¥19,216,699.84 in 2022, down from ¥41,789,591.40 in 2021[20]. - The gross profit margin for the packaging printing segment improved to 24.57%, up by 1.16% from the previous year[60]. - The company reported a significant reduction in investment properties, decreasing by 10.76% of total assets due to the disposal of subsidiaries[80]. Business Expansion and Strategy - The company has expanded its business scope to include the research, production, and sales of medical devices and hygiene products[19]. - The company plans to continue focusing on the cigarette label market while exploring opportunities in the new tobacco industry, aiming for a dual or triple growth strategy[98]. - In 2023, the company aims to expand its business scale by actively participating in bidding activities for cigarette packaging and developing 3C and cosmetic packaging[99]. - The company intends to increase R&D investment and improve product structure by engaging in new product design for various tobacco companies[100]. - The company is positioned in a high-barrier industry with a market size of approximately ¥300 to ¥400 billion, focusing on high-quality and environmentally friendly packaging solutions[32]. Research and Development - The company holds 119 active national patents and 28 registered trademarks, reflecting its commitment to research and innovation[46]. - The R&D investment in 2022 was ¥8,203,310.23, down from ¥10,371,008.85 in 2021, indicating a 20.90% decrease[73]. - The company has developed a new ink formula that improves wear resistance by over 10% compared to existing inks[69]. - The company completed and implemented several R&D projects, including a device for adjustable hot stamping angles and an environmentally friendly wear-resistant ink[69]. - The number of R&D personnel increased by 9.09% from 33 to 36, with a slight decrease in the proportion of R&D personnel to 16.74%[73]. Cash Flow and Investments - Cash inflow from investing activities increased significantly by 173.62% to ¥561,061,830.89, primarily due to cash received from the disposal of subsidiaries and redemption of financial products[75]. - Cash outflow from investing activities surged by 497.40% to ¥582,657,666.88, mainly due to increased expenditures on purchasing financial products[75]. - The net increase in cash and cash equivalents was negative at -¥18,622,693.96, a decline of 134.47% from the previous year's increase of ¥54,033,425.66[75]. - Investment income accounted for 89.89% of total profit, primarily from the disposal of subsidiary Shenzhen Xinhongze Packaging and financial product income[78]. Corporate Governance and Compliance - The company has established a sound internal control system and governance structure, complying with relevant laws and regulations[109]. - The company held two shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and facilitating participation through online voting[110]. - The board of directors held four meetings during the reporting period, ensuring compliance with legal requirements and promoting sound decision-making[112]. - The supervisory board conducted four meetings to review the company's financial status and the legality of board decisions[113]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[117][118]. Environmental Responsibility - The company was listed as a key pollutant discharge unit in Chaozhou for 2022, adhering to environmental standards without exceeding emission limits[160]. - The company reported no violations or penalties related to environmental regulations during the reporting period[161]. - The company has implemented various ISO management systems, including ISO9001 and ISO14001, to ensure quality and environmental management, enhancing supplier and customer rights protection[177]. - The company has established a complete environmental safety management system, adhering to the principle of "prevention first" and ensuring compliance with environmental regulations[179]. - The company has been recognized as a "Clean Production Enterprise" and has maintained a blue card rating for six consecutive years, indicating good environmental credit[181]. Employee Welfare and Remuneration - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.1723 million yuan[130]. - The company has implemented a performance-oriented reward system to enhance employee welfare and motivation[141]. - The total number of employees at the end of the reporting period is 215, with 186 from the parent company and 29 from major subsidiaries[140]. - The professional composition includes 120 production personnel, 8 sales personnel, 24 technical personnel, 9 financial personnel, and 54 administrative personnel[140]. - The company ensures that social insurance and housing provident fund are handled according to national and local regulations[129]. Shareholder Commitments - The company has fulfilled all commitments related to shareholding restrictions and voluntary lock-up agreements as of the end of the reporting period[186]. - Shareholders are committed to not transferring or entrusting the management of their shares for 36 months post-listing, with a potential extension of 6 months if certain price conditions are met[186]. - After the lock-up period, shareholders can only transfer up to 25% of their total shares held annually during their tenure[186]. - The company has established a mechanism to retain dividends from shareholders who violate the lock-up commitments until the proceeds are returned[186]. - The company is optimistic about its industry prospects and intends to hold its shares long-term, with potential adjustments based on market conditions[187].

Financial Performance - The company's operating revenue for 2022 was ¥149,685,985.30, representing a 3.65% increase compared to ¥144,420,822.53 in 2021[20] - The net profit attributable to shareholders for 2022 was ¥94,379,670.63, a significant increase of 744.42% from ¥11,176,927.15 in 2021[20] - The basic earnings per share for 2022 was ¥0.49, up 716.67% from ¥0.06 in 2021[20] - The company reported a net profit excluding non-recurring gains and losses of ¥8,374,897.46, a slight increase of 1.75% from ¥8,231,052.54 in 2021[20] - The company achieved total revenue of 149.69 million yuan in 2022, representing a year-on-year growth of 3.65%[50] - The net profit attributable to shareholders reached 94.38 million yuan, a significant increase of 744.42% compared to the previous year[50] - The net cash flow from operating activities decreased by 54.02% to ¥19,216,699.84 from ¥41,789,591.40 in 2021[20] - The company reported quarterly revenues of ¥40,300,742.37, ¥37,090,343.89, ¥33,876,881.96, and ¥38,418,017.08 for Q1, Q2, Q3, and Q4 respectively[24] - The net profit attributable to shareholders for Q3 was significantly higher at ¥83,523,022.95 compared to other quarters[24] Business Operations - The company has expanded its business scope to include the research, production, and sales of medical devices and sanitary products[19] - The company has established strong partnerships with major tobacco manufacturers, enhancing its market position[31] - The company has established long-term cooperative relationships with major tobacco companies, including Zhejiang Tobacco and Yunnan Tobacco, enhancing its market position[43] - The company focuses on optimizing product structure and expanding new product development, particularly in new materials and processes[52] - The company emphasizes a "design + manufacturing + service" business model, enhancing its integrated service capabilities[49] - The company has implemented new automated production lines in 2022, improving its capacity for high-volume and flexible production[48] Research and Development - The company holds 119 valid national patents and 28 registered trademarks, reflecting its commitment to research and innovation[46] - The number of R&D personnel increased by 9.09% from 33 to 36 in 2022[73] - The company has successfully developed a cooling device for hot stamping machines, improving product quality stability[72] - The company has implemented a new automatic alignment device for cutting machines, enhancing production efficiency[72] - The R&D investment decreased by 20.90% compared to the previous year, reflecting a strategic shift in resource allocation[73] - The company developed an environmentally friendly wear-resistant ink, which improves ink durability and reduces production costs[69] Financial Management - The total procurement amount from the top five suppliers is ¥56,384,574.34, accounting for 72.64% of the annual total procurement[68] - Sales expenses increased by 23.89% to ¥3,639,102.67 in 2022, while management expenses decreased by 22.63% to ¥17,825,079.49[68] - Investment income accounted for 89.89% of total profit, primarily from the disposal of a subsidiary and financial product returns[78] - The company's monetary funds decreased from 17.42% to 10.79% of total assets, reflecting a reduction of 6.63%[80] - The company reported no non-operating fund occupation by controlling shareholders or other related parties during the reporting period[191] Corporate Governance - The company has established a robust internal control system and governance structure, complying with relevant laws and regulations[109] - The board of directors held four meetings during the reporting period, with all procedures adhering to legal requirements and ensuring accurate information disclosure[112] - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[117][118] - The company has a dedicated financial accounting department and independent financial decision-making processes, ensuring compliance with tax obligations[118] - The company has established a comprehensive corporate governance structure and internal control management system[157] Environmental Responsibility - The company was listed as a key pollutant discharge unit in Chaozhou for 2022, adhering to emission standards without exceeding limits[160] - The company reported no violations or penalties related to environmental regulations during the reporting period[161] - The company has established a comprehensive environmental safety management system, adhering to national and local environmental laws, with no environmental accidents reported during the reporting period[179] - The company upgraded its waste gas treatment technology from UV decomposition to catalytic combustion, significantly improving pollution control[180] - The company has implemented measures to reduce carbon emissions, including switching to water-based inks to lower volatile organic compounds (VOCs) emissions[173] Future Outlook - The company plans to continue focusing on the cigarette label market while exploring opportunities in the new tobacco industry, aiming for a dual or triple growth strategy[98] - In 2023, the company aims to expand its business scale by actively participating in bidding activities for cigarette labels and packaging for cosmetics[99] - The company plans to increase R&D investment and improve product structure by engaging in new product design for various cigarette manufacturers[100] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[188] - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[188] Shareholder Information - The proposed profit distribution plan includes a cash dividend of ¥4.00 per 10 shares and a stock dividend of 2 shares per 10 shares, totaling a distribution of ¥115,200,000.00[148] - The total cash dividend amount is ¥76,800,000.00, which accounts for 66.67% of the total profit distribution[145] - The lock-up period for shareholders is set for 36 months from the date of the company's stock listing, during which they cannot transfer or manage their shares[186] - Shareholders are committed to not selling shares below the issue price during the lock-up period and for 2 years thereafter[186] - The company has a plan for potential share buybacks if stock prices fall significantly[186]

Financial Performance - The company's revenue for Q1 2023 was CNY 36,184,689.66, a decrease of 10.21% compared to CNY 40,300,742.37 in the same period last year[5] - Net profit attributable to shareholders was CNY 3,411,541.91, down 26.97% from CNY 4,671,687.91 year-on-year[5] - Total operating revenue for Q1 2023 was CNY 36,184,689.66, a decrease of 10.5% compared to CNY 40,300,742.37 in Q1 2022[16] - Net profit for Q1 2023 was CNY 3,411,541.91, a decline of 27.0% from CNY 4,671,687.91 in Q1 2022[17] - Earnings per share remained stable at CNY 0.02 for both Q1 2023 and Q1 2022[18] Cash Flow - The net cash flow from operating activities was negative CNY 698,841.21, a decline of 104.17% compared to CNY 16,744,273.85 in the previous year[5] - Total cash inflow from operating activities decreased to 29,413,143.79 CNY from 42,770,542.20 CNY, representing a decline of about 31.2%[20] - Cash outflow from operating activities increased to 30,111,985.00 CNY, up from 26,026,268.35 CNY, which is an increase of approximately 15.5%[20] - The ending cash and cash equivalents balance decreased to 20,988,970.08 CNY from 49,987,624.55 CNY, a decline of approximately 58.1%[20] - The company reported cash received from the sale of goods and services at 27,849,178.06 CNY, down from 41,831,234.13 CNY, reflecting a decrease of about 33.5%[19] - Cash paid for purchasing goods and services increased to 15,542,145.27 CNY from 13,059,169.36 CNY, which is an increase of approximately 19.0%[20] - Cash paid to employees rose to 7,566,138.48 CNY from 7,203,407.09 CNY, marking an increase of about 5.0%[20] - The company’s cash outflow for other operating activities was 3,457,249.45 CNY, down from 5,172,597.77 CNY, indicating a decrease of approximately 33.1%[20] - The company’s cash flow from financing activities remains unchanged, with no cash inflow reported for the current period[20] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 506,951,938.08, reflecting a slight increase of 0.12% from CNY 506,347,745.68 at the end of the previous year[5] - Total liabilities decreased to CNY 62,952,330.38 from CNY 65,759,679.89, a reduction of 4.2%[15] - Cash and cash equivalents decreased by 61.57% to CNY 20,988,970.08, primarily due to the purchase of financial products during the reporting period[8] - Accounts receivable increased by 41.12% to CNY 34,331,812.62, indicating a rise in outstanding payments[8] - Inventory decreased by 39.22% to CNY 12,019,242.97, attributed to sales and outflows during the reporting period[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,687[10] - The largest shareholder, Yize Holdings Limited, holds 63.74% of the shares, totaling 122,372,400 shares[10] - The top ten shareholders include both domestic and foreign entities, with UBS AG holding 0.52%[10] - The company has no preferred shareholders as of the reporting period[11] - The company has not disclosed any related party relationships among the top shareholders[10] Investments and Projects - The company invested 5 million RMB in Shenzhen Yuan World Technology Co., Ltd., acquiring a 0.97% stake[11] - The company is involved in various technology development projects, including smart fire protection systems and urban public safety databases[11] - The company has not indicated any plans for mergers or acquisitions beyond the recent investment in Shenzhen Yuan World Technology Co., Ltd.[11] Tax and Other Income - The company reported a significant increase in tax payments, which rose by 499.98% to CNY 3,546,451.80, mainly due to the settlement of deferred taxes from the previous year[8] - Non-operating income included government subsidies amounting to CNY 93,100.00, contributing to the overall financial performance[6] Research and Development - Research and development expenses for Q1 2023 were CNY 2,108,052.03, down 23.2% from CNY 2,747,393.87 in Q1 2022[17] - The weighted average return on equity decreased to 0.77% from 1.28% year-on-year, a drop of 0.51%[5]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥77,391,086.26, representing a 12.86% increase compared to ¥68,570,086.12 in the same period last year[22]. - The net profit attributable to shareholders was ¥8,710,561.77, which is a 13.90% increase from ¥7,647,463.50 in the previous year[22]. - The basic earnings per share remained unchanged at ¥0.05, consistent with the same period last year[22]. - The weighted average return on equity increased to 2.38%, up from 1.94% in the previous year[22]. - The company's revenue for the reporting period was ¥77,391,086.26, representing a year-on-year increase of 12.86% compared to ¥68,570,086.12 in the same period last year[48]. - The company's total profit for the first half of 2022 was CNY 9,585,954.26, compared to CNY 7,669,893.14 in the same period of 2021, reflecting a growth of 25%[176]. - The total comprehensive income for the first half of 2022 was CNY 8,710,561.77, compared to CNY 7,647,463.50 in the same period of 2021, marking an increase of 13.9%[176]. Cash Flow and Investments - The net cash flow from operating activities decreased by 43.35% to ¥20,391,843.19, down from ¥35,997,095.32 in the same period last year[22]. - The net cash flow from investing activities was -¥6,160,679.33, a significant decrease of 104.93% compared to the previous year's net cash inflow of ¥124,875,951.71[48]. - The company's cash and cash equivalents decreased by 78.29% to ¥14,242,756.35 from ¥65,598,351.00[48]. - The company's operating cash flow for the first half of 2022 was ¥20,391,843.19, a decrease of 43.2% compared to ¥35,997,095.32 in the same period of 2021[181]. - The net cash flow from investment activities was -¥6,160,679.33, a decline from ¥124,875,951.71 in the previous year, indicating a shift in investment strategy[182]. - The company's cash flow from financing activities was negative at -¥95,271,349.52, indicating a significant outflow compared to the previous year[182]. Assets and Liabilities - The total assets at the end of the reporting period were ¥437,698,332.83, reflecting a 4.10% increase from ¥420,464,680.97 at the end of the previous year[22]. - The total liabilities increased to ¥114,737,389.05 from ¥58,214,298.96, indicating a significant rise in financial obligations[168]. - Shareholders' equity decreased to ¥322,960,943.78 from ¥362,250,382.01, reflecting a decline of 10.8%[168]. - Current assets as of June 30, 2022, totaled ¥220,857,291.74, an increase from ¥203,717,997.34 at the beginning of the year[166]. Business Operations and Market Position - The main business of the company is cigarette labels, which are crucial for brand building, cultural dissemination, and anti-counterfeiting in the tobacco industry, with an overall market size of approximately 30-40 billion RMB[30]. - The company has established partnerships with major tobacco companies, including Zhejiang, Yunnan, Guangdong, and Sichuan Tobacco, becoming a leading professional cigarette label service provider in China[33]. - The company has a strong production capacity with multiple leading printing production lines, enabling it to meet large-scale and multi-batch manufacturing demands efficiently[41]. - The company emphasizes a comprehensive service model that integrates design, manufacturing, and service, allowing for rapid response to customer needs and effective product development[44]. - The overall scale of the cigarette label printing industry is considered a "golden field" due to its stable orders, cash flow, and higher profit margins compared to other consumer packaging sectors[30]. Research and Development - The company has filed 13 new national patents during the reporting period and actively participates in the formulation of national and industry standards[42]. - Research and development expenses decreased by 10.09% to ¥5,070,051.67 from ¥5,638,790.99[48]. Risks and Challenges - The company faces certain risks and uncertainties, which are detailed in the management discussion and analysis section of the report[4]. - The company faces risks from rising raw material prices and declining product prices, which could impact gross margins, and plans to minimize these effects through scale production and cost management[76]. - There is a risk of goodwill impairment if the acquired entities experience deteriorating operational conditions, which could negatively impact the company's financial results[79]. Environmental and Social Responsibility - The company has implemented environmental protection measures, ensuring that all wastewater and emissions meet regulatory standards[90][92]. - The company has established a comprehensive environmental monitoring plan and conducts regular third-party assessments to ensure compliance with environmental regulations[97]. - The company has been recognized as a "Clean Production Enterprise" in Chaozhou and has maintained a blue card rating for environmental credit for five consecutive years[105]. - The company actively participates in social responsibility initiatives, including producing protective masks during the pandemic[107]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,288[153]. - The largest shareholder, Yize Holdings Limited, holds 63.74% of the shares, totaling 101,977,000 shares[153]. - The company did not experience any changes in its controlling shareholder during the reporting period[156].

Financial Performance - The company's revenue for Q1 2022 was CNY 40,300,742.37, representing a 5.09% increase compared to CNY 38,348,506.17 in the same period last year[4] - Net profit attributable to shareholders was CNY 4,671,687.91, a significant increase of 48.77% from CNY 3,140,108.56 year-on-year[4] - Basic earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the same period last year[4] - Operating profit reached CNY 5,487,813.62, up 45.5% from CNY 3,773,245.90 year-over-year[20] - The net profit for the first quarter of 2022 was CNY 4,671,687.91, an increase of 48.9% compared to CNY 3,140,108.56 in the same period last year[20] - Total revenue from sales of goods and services received was CNY 41,831,234.13, compared to CNY 39,865,580.44 in the previous year[22] Cash Flow and Investments - The net cash flow from operating activities surged by 157.00%, reaching CNY 16,744,273.85 compared to CNY 6,515,174.27 in the previous year[4] - The company reported an investment income of CNY 796,726.03, contrasting with a loss of CNY 45,000.00 in the same period last year[20] - The total cash outflow from investing activities was CNY 40,800,380.58, compared to CNY 572,249.59 in the previous year[23] - The company experienced a net cash flow decrease of CNY 23,249,380.70 in the current period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 435,987,731.93, up 3.69% from CNY 420,464,680.97 at the end of the previous year[4] - Current assets totaled CNY 222,880,570.54 at the end of Q1 2022, an increase from CNY 203,717,997.34 at the beginning of the year[15] - Total liabilities were CNY 69,065,662.01, compared to CNY 58,214,298.96 at the beginning of the year[17] - The equity attributable to shareholders was CNY 366,922,069.92, slightly up from CNY 362,250,382.01 at the beginning of the year[17] Research and Development - The company reported a 41.50% increase in R&D expenses, totaling CNY 2,747,393.87 compared to CNY 1,941,554.45 in the previous year[9] - Research and development expenses increased to CNY 2,747,393.87, a rise of 41.6% compared to CNY 1,941,554.45 in the previous year[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,205[10] Inventory and Receivables - Accounts receivable increased to CNY 17,590,690.95 from CNY 12,301,942.24 at the beginning of the year[15] - Inventory decreased to CNY 20,870,013.70 from CNY 24,095,543.86 at the beginning of the year[15] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased by 31.75% to CNY 49,987,624.55 due to the purchase of structured deposits[8] - Cash and cash equivalents decreased to CNY 49,987,624.55 from CNY 73,237,005.25 at the beginning of the year[15] - The cash and cash equivalents at the end of the period amounted to CNY 49,987,624.55, compared to CNY 21,046,298.26 at the end of the previous year[24] Operating Costs - The total operating costs for Q1 2022 were CNY 35,418,861.66, compared to CNY 35,038,912.65 in the previous period[19] - The operating cost of goods sold was CNY 27,869,170.26, up from CNY 25,351,328.56 in the previous period[19] Prepayments - The company’s prepayments increased significantly by 347.55% to CNY 177,327.92, indicating a rise in advance payments for goods[8]

Financial Performance - The company's operating revenue for 2021 was ¥144,420,822.53, a decrease of 32.17% compared to ¥212,913,001.28 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥11,176,927.15, down 65.21% from ¥32,131,143.55 in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was ¥8,231,052.54, a decrease of 53.96% compared to ¥17,879,574.08 in 2020[21]. - The net cash flow from operating activities was ¥41,789,591.40, down 49.81% from ¥83,267,655.95 in the previous year[21]. - The basic earnings per share for 2021 was ¥0.07, representing a 65.00% decline from ¥0.20 in 2020[21]. - Total assets at the end of 2021 were ¥420,464,680.97, a decrease of 17.30% from ¥508,409,785.69 at the end of 2020[21]. - The company achieved total operating revenue of 144.42 million yuan, a year-on-year decrease of 32.17%[49]. - The net profit attributable to shareholders was 11.18 million yuan, down 65.21% year-on-year[49]. - The net cash flow from operating activities was 41.79 million yuan, a decline of 49.81% compared to the previous year[49]. - Sales revenue from cigarette labels reached 124.37 million yuan, representing a year-on-year decrease of 37.22%[51]. Business Expansion and Strategy - The company plans to increase its business scope to include property management and park management services, in addition to its existing operations[19]. - The company has expanded its business to include the research, production, and sales of medical devices and sanitary products[19]. - The company established strong partnerships with major tobacco manufacturers, including Zhejiang Zhongyan and Yunnan Zhongyan, enhancing its market position[30]. - The company is positioned to benefit from the increasing market concentration in the cigarette packaging industry as brand quality and environmental standards improve[35]. - The company aims to maintain stable growth in production, revenue, and profit in the cigarette label sector, leveraging technology and scale advantages to upgrade packaging products[106]. - The company plans to explore investment and acquisition opportunities in the new tobacco industry chain, focusing on the mid-to-upstream sectors[106]. - The company will adopt a diversified development strategy, aiming to invest in 1-2 new strategic directions beyond the traditional tobacco market[105]. Research and Development - The company holds 114 national patents and 27 registered trademarks, indicating strong R&D capabilities[44]. - The company has optimized its product structure and increased efforts in new product development, focusing on new materials and processes[51]. - The company has developed multiple new products, including a high-speed inspection machine and an intelligent temperature control system for ink, aimed at improving production efficiency[73]. - The company’s R&D investment amounted to ¥10,371,008.85, a decrease of 22.88% compared to ¥13,448,032.23 in 2020, while the R&D investment as a percentage of operating revenue increased to 7.18% from 6.32%[77]. - The number of R&D personnel decreased by 2.94% to 33 in 2021, while the proportion of R&D personnel increased to 17.39% from 14.35% in 2020[76]. Financial Management and Governance - The financial report has been confirmed as true, accurate, and complete by the company's management[4]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and financial operations[128]. - The company has established a robust internal control system, continuously improving governance levels in accordance with relevant laws and regulations[119]. - The company has a structured process for determining the remuneration of directors and senior management, requiring approval from the board and shareholders[145]. - The total remuneration for directors and senior management during the reporting period was zero, indicating no payments were made[146]. Market and Industry Insights - The overall scale of the tobacco packaging industry is approximately ¥300-400 billion, indicating significant market potential[31]. - In 2021, the commercial sales volume of cigarettes in China reached 4,820.41 million boxes, an increase of 0.55% year-on-year[32]. - The electronic cigarette industry in China saw exports reach ¥101.5 billion in 2021, with a compound annual growth rate of 60.7% from 2017 to 2021[35]. - The company faces risks from intensified market competition due to new tobacco regulations, which may impact traditional tobacco packaging volumes[108]. Corporate Social Responsibility - The company actively participates in social responsibility initiatives, including community clean-up activities and support for local public welfare[191]. - The company has adapted its production capabilities to manufacture protective masks in response to the pandemic, fulfilling its corporate social responsibility[193]. - The company has upgraded its waste gas treatment facilities, achieving significant improvements in emissions control[188]. - The company has obtained the "China Environmental Label Product Certification" to ensure compliance with environmental protection standards in production[189]. Shareholder and Management Engagement - During the reporting period, the company held three shareholder meetings, with participation rates of 64.92% for the annual meeting and 71.66% and 63.74% for the first and second extraordinary meetings, respectively[131]. - The board of directors held seven meetings during the reporting period, ensuring compliance with legal requirements and maintaining accurate meeting records[122]. - The company has not faced any penalties from securities regulatory agencies for its current or past directors and management[144]. - The company emphasizes compliance with national and local regulations regarding social insurance and housing funds for its employees[145].

Financial Performance - The company's revenue for Q3 2021 was CNY 40,883,618.40, a decrease of 19.50% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 1,086,748.41, down 35.46% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was CNY 703,301.29, a decline of 64.21% compared to the previous year[4]. - Total operating revenue for Q3 2021 was CNY 109,453,704.52, a decrease of 33.2% compared to CNY 163,991,574.10 in the same period last year[20]. - Net profit for Q3 2021 was CNY 8,734,211.91, representing a decline of 38.5% from CNY 14,303,158.09 in Q3 2020[21]. - Earnings per share for Q3 2021 were CNY 0.05, down from CNY 0.09 in the same quarter last year[22]. - Total operating costs for Q3 2021 were CNY 101,678,726.39, down 30.9% from CNY 147,380,436.17 year-over-year[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 411,328,409.61, a decrease of 19.10% from the end of the previous year[4]. - Total liabilities as of the end of Q3 2021 were CNY 51,520,742.84, significantly reduced from CNY 109,336,330.83 at the end of the previous year[19]. - The total equity attributable to shareholders was CNY 359,807,666.77, down 9.84% from the previous year[4]. - The company's total current liabilities decreased to CNY 39,743,184.06 from CNY 46,046,966.35, a reduction of about 13.4%[17]. - Non-current assets totaled CNY 221,501,605.70, down from CNY 229,228,879.58, reflecting a decrease of approximately 3.4%[17]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 24,057,546.94, down 49.96% year-on-year[9]. - Cash flow from operating activities for Q3 2021 was CNY 24,057,546.94, a decrease of 50.0% compared to CNY 48,074,184.57 in Q3 2020[23]. - The company experienced a 215.27% increase in cash flow from investing activities, totaling CNY 153,898,227.22, primarily due to the receipt of equity buyback funds[9]. - The net cash inflow from investment activities was CNY 153,898,227.22, a significant improvement compared to a net outflow of CNY 133,514,797.94 in the previous period[24]. - The total cash and cash equivalents at the end of the period reached CNY 141,942,034.58, up from CNY 59,257,609.94 at the beginning of the period, indicating a net increase of CNY 82,684,424.64[24]. Shareholder Information - The company had a total of 10,895 common shareholders at the end of the reporting period[11]. - The company disclosed plans for shareholding reductions by major shareholders, indicating potential changes in ownership structure[13]. Expenses - The company reported a significant decrease in sales expenses, which were CNY 1,659,789.63, down 64.17% compared to the previous year[9]. - Research and development expenses for Q3 2021 were CNY 8,310,346.90, down 20.0% from CNY 10,387,221.83 in the same period last year[20]. - The company reported a decrease in sales expenses to CNY 1,659,789.63 from CNY 4,632,895.79 in the previous year, a reduction of 64.2%[20]. Other Significant Events - The company is actively involved in litigation, with multiple updates on civil mediation and related progress reported throughout 2021[14]. - The company has undergone accounting policy changes and corrections, with announcements made regarding prior accounting errors and adjustments[14]. - The company recorded a credit impairment loss of CNY 547,331.45, compared to a loss of CNY -392,900.68 in the previous year[21]. - The company did not require adjustments to the initial balance sheet items due to the new leasing standards, as there were no applicable leasing assets at the beginning of the reporting period[25]. - The third-quarter report was not audited, which may affect the reliability of the financial data presented[26].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥68,570,086.12, a decrease of 39.43% compared to ¥113,202,113.20 in the same period last year[19]. - The net profit attributable to shareholders was ¥7,647,463.50, down 39.34% from ¥12,606,179.69 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥7,316,045.63, a decline of 37.86% compared to ¥11,773,531.25 in the previous year[19]. - The basic earnings per share were ¥0.05, down 37.50% from ¥0.08 in the same period last year[19]. - The diluted earnings per share were also ¥0.05, reflecting a 37.50% decrease compared to ¥0.08 in the previous year[19]. - The weighted average return on equity was 1.94%, down from 3.24% in the same period last year, a decrease of 1.30%[19]. - The company's revenue for the reporting period was ¥68,570,086.12, a decrease of 39.43% compared to ¥113,202,113.20 in the same period last year[42]. - The company's main product revenue from packaging printing decreased by 48.98% to ¥54,222,566.18, accounting for 79.08% of total revenue[44]. - The revenue from masks significantly dropped to 534,608.89 yuan, down 74.30% year-on-year[45]. - Other products saw a revenue increase of 184.99%, reaching 13,812,911.05 yuan[45]. - The gross profit margin for cigarette packaging was 24.28%, down 8.80% from the previous year[45]. Cash Flow and Assets - The net cash flow from operating activities increased by 19.35% to ¥35,997,095.32 from ¥30,159,890.87 in the same period last year[19]. - The company achieved a 19.35% increase in cash flow from operating activities, amounting to ¥35,997,095.32, mainly due to an increase in the recovery of receivables[42]. - The company reported a significant increase in cash and cash equivalents, totaling 88,981,233.42 yuan, which is 21.96% of total assets, up from 11.66% the previous year[50]. - The accounts receivable decreased to 4,171,762.41 yuan, representing only 1.03% of total assets, down from 7.08%[50]. - The company's total assets at the end of the reporting period were ¥405,169,290.61, a decrease of 20.31% from ¥508,409,785.69 at the end of the previous year[19]. - The company's fixed assets were valued at 125,132,933.60 yuan, representing 30.88% of total assets[50]. - The total current liabilities decreased to CNY 41,522,287.35 from CNY 71,907,361.28, indicating a reduction of approximately 42.2%[160]. - The company's total liabilities decreased to ¥39,357,984.34 as of June 30, 2021, down from ¥110,721,355.04 at the end of 2020, a decline of 64.4%[165]. Research and Development - Research and development investment decreased by 13.78% to ¥5,638,790.99 from ¥6,540,239.12[42]. - Research and development expenses for the first half of 2021 were ¥5,638,790.99, down 13.8% from ¥6,540,239.12 in the same period last year[166]. - Research and development expenses for the first half of 2021 were CNY 2,335,791.04, down from CNY 6,001,492.86 in the same period of 2020, reflecting a decrease of approximately 61.1%[171]. Legal Matters - There are significant litigation matters involving a total amount of 16,302.30 million yuan related to a share repurchase dispute[86]. - The company has a pending lawsuit involving a claim for 47.30 million yuan related to equity transfer payments, which has not yet formed a provision for liabilities[90]. - The company is actively involved in litigation matters that could impact its financial standing, with ongoing monitoring of legal developments[92]. - The company is committed to transparency in disclosing legal proceedings and their potential impacts on its operations[90]. - The company is currently involved in multiple ongoing litigations, with one case awaiting a first-instance judgment[102]. - The company has reported a total litigation amount of 391.96 million RMB, with an estimated liability recognized[110]. - The company is involved in a labor dispute case with a claim for compensation of 316,186.26 RMB, with court proceedings scheduled for August 25, 2021[112]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,615[145]. - The largest shareholder, Yize Holdings Limited, holds 63.74% of the shares, amounting to 101,977,000 shares[145]. - The company has no new shares issued or stock dividends during the reporting period[143]. - The total number of shares remains at 160,000,000, with no changes in the proportion of shares[143]. - The company has not reported any share buybacks or changes in shareholding structure during the reporting period[144]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[68]. - The company strictly adheres to environmental protection laws and has not faced any penalties for violations during the reporting period[71]. - The company has not reported any overdue commitments from major stakeholders during the reporting period[79]. - The company has not engaged in any significant related party transactions during the reporting period[116]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[117]. - The company has not entered into any joint external investment related party transactions during the reporting period[118]. - The company has not had any related party debt transactions during the reporting period[119]. - The company has not had any financial transactions with related financial companies during the reporting period[120].

Financial Performance - The company's operating revenue for Q1 2021 was ¥38,348,506.17, a decrease of 34.03% compared to ¥58,129,247.77 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥3,140,108.56, down 40.41% from ¥5,269,901.85 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥2,688,378.95, reflecting a decline of 45.66% from ¥4,947,618.67 year-on-year[8] - The net cash flow from operating activities was ¥6,515,174.27, a decrease of 42.03% compared to ¥11,238,881.23 in the same period last year[8] - The basic earnings per share for Q1 2021 was ¥0.02, down 33.33% from ¥0.03 in the previous year[8] - The company's total revenue for the reporting period was ¥38,348,506.17, a decrease of 34.03% compared to the previous year due to the reduction in the scope of consolidation since March 2020[15] - The net profit for the period was ¥3,140,108.56, representing a decline of 44.26% year-over-year, primarily attributed to the same consolidation scope reduction[15] - The company's research and development expenses decreased by 44.02% to ¥1,941,554.45, reflecting the impact of the reduced consolidation scope[15] - The company's cash received from sales of goods and services was ¥39,865,580.44, down 37.24% from the previous year, again linked to the consolidation scope reduction[16] - The total profit for the quarter was CNY 3,773,239.60, down from CNY 6,715,283.56, representing a decline of approximately 43.4%[80] Assets and Liabilities - The total assets at the end of the reporting period were ¥505,863,061.50, a slight decrease of 0.50% from ¥508,409,785.69 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.79% to ¥402,213,563.42 from ¥399,073,454.86 at the end of the previous year[8] - Other current assets increased by 110.56% to ¥601,463.26, mainly due to an increase in prepaid equipment payments[15] - The total liabilities, specifically notes payable, reached ¥4,179,302.83, indicating an increase due to more bank acceptance bills issued[15] - The deferred tax assets decreased by 39.59% to ¥497,748.99, reflecting changes in tax positions[15] - Total assets decreased from CNY 508,409,785.69 on December 31, 2020, to CNY 505,863,061.50 on March 31, 2021, reflecting a decline of approximately 1%[70] - Total liabilities decreased from CNY 109,336,330.83 to CNY 103,649,498.08, a decline of about 5.5%[72] - Long-term borrowings decreased from CNY 32,261,747.05 to CNY 28,665,223.49, a reduction of approximately 11%[72] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,193[11] - The largest shareholder, Yize Holdings Co., Ltd., held 63.74% of the shares, totaling 101,977,000 shares[11] Legal Matters - The company has ongoing litigation involving a claim amounting to ¥163,023,000, which has not yet formed an estimated liability[18] - The company has successfully resolved a lawsuit with Jiangsu Unicom Jiyuan Printing Co., Ltd., with the court ruling in favor of the company, indicating no expected liabilities from this case[25] - The company is currently involved in multiple legal proceedings, with a total disputed amount of 4,000 million CNY frozen in a bank account due to a separate lawsuit[26] - The company received a civil ruling from the Jiangyin People's Court, which lifted the freezing of its bank account, allowing for normal operations to resume[27] - The company has been actively managing its legal risks and has not anticipated any losses from ongoing litigation, maintaining a strong position in its legal affairs[28] - The company is focused on ensuring compliance with legal requirements and is taking necessary actions to protect its interests in ongoing lawsuits[29] - The company reported a total of 6,654.00 million CNY in "other payables," which includes the disputed amount of 4,730.18 million CNY related to equity transfer payments[21] Fundraising and Investments - The company raised a total of RMB 161.8 million from the public offering of 20,000,000 shares at an issue price of RMB 8.09 per share, with a net amount of RMB 120.71 million after deducting fees[59] - As of March 31, 2021, the company has utilized RMB 111.28 million of the raised funds, including RMB 91.09 million directly invested in projects and RMB 1.6 million for working capital[60] - The remaining balance of the raised funds as of March 31, 2021, is RMB 10.75 million, which includes accrued bank interest[60] - The company has not made any external investments during the reporting period, leading to a 100% decrease in cash paid for investment activities[16] - The company has not engaged in any securities or derivative investments during the reporting period[57][58] Cash Flow - The net cash flow from operating activities for Q1 2021 was CNY 6,515,174.27, a decrease from CNY 11,238,881.23 in Q1 2020, representing a decline of approximately 42.5%[88] - Total cash inflow from operating activities was CNY 40,540,632.18, while cash outflow was CNY 34,025,457.91, resulting in a net cash inflow of CNY 6,515,174.27[88] - The company reported a net cash outflow from investing activities of CNY 572,249.59, compared to a net outflow of CNY 91,102,546.19 in the previous year, indicating a significant reduction in investment expenditures[88] - Cash flow from financing activities resulted in a net outflow of CNY 4,100,206.02, down from CNY 5,504,827.33 in Q1 2020, reflecting a decrease of approximately 25.5%[89] - The ending balance of cash and cash equivalents was CNY 21,046,298.26, compared to CNY 36,444,205.87 at the end of Q1 2020, showing a decline of about 42.3%[89] Compliance and Governance - The company did not adjust the beginning balance sheet items under the new leasing standards, indicating consistency in accounting treatment as a lessor[93] - The first quarter report was not audited, which may affect the reliability of the financial data presented[95] - There were no violations regarding external guarantees during the reporting period[63] - The company has not conducted any significant contracts or entrusted financial management during the reporting period[62][65] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[64]

Financial Performance - The company's operating revenue for 2020 was CNY 423,447,786.61, representing a decrease of 49.72% compared to CNY 212,913,001.28 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 32,131,143.55, an increase of 22.27% compared to CNY 26,278,327.14 in 2019[18]. - The net profit after deducting non-recurring gains and losses decreased by 25.62% to CNY 17,879,574.08 from CNY 24,037,035.77 in the previous year[18]. - The operating cash flow for 2020 was CNY 83,267,655.95, down 11.74% from CNY 94,345,808.17 in 2019[18]. - Basic and diluted earnings per share increased by 25.00% to CNY 0.20 from CNY 0.16 in 2019[18]. - The total assets at the end of 2020 were CNY 508,409,785.69, a decrease of 33.00% compared to CNY 760,573,439.61 at the end of 2019[18]. - The weighted average return on equity for 2020 was 8.22%, up from 6.52% in 2019[18]. - The company reported a significant decrease in fixed assets by 43.93% and intangible assets by 76.03% compared to the previous year[31]. - The company’s inventory decreased by 49.08% compared to the end of the previous year[31]. - The company’s cash and cash equivalents decreased by 63.26% compared to the end of the previous year[31]. Dividend Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of CNY 3 per 10 shares (including tax) based on a total of 160,000,000 shares[4]. - In 2020, the company distributed a cash dividend of 3.00 CNY per 10 shares, totaling 48 million CNY, which represents 149.39% of the net profit attributable to ordinary shareholders[106][109]. - The cash dividend represents 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[110]. - The company has established a three-year profit distribution plan (2020-2022) to ensure clear guidelines for cash dividends[103]. - The total distributable profit as of December 31, 2020, was 104,943,033.98 CNY, after accounting for a 10% legal surplus reserve and previous cash dividends[111]. Business Operations - The company expanded its business scope to include the research, production, and sales of medical devices and sanitary products in 2020[15]. - The company is focused on providing high-stability, high-technology, high-value-added, and high-precision cigarette label products and services[28]. - The packaging printing segment accounted for 93.05% of total operating revenue, with a revenue of CNY 198.11 million, down 52.36% year-on-year[48]. - The company is focusing on maintaining existing tobacco customers and actively participating in bidding processes to expand its customer base[42]. - The company is exploring non-tobacco related production planning to enhance its business coverage and expand its market reach[42]. - The company has developed 15 key technology projects in 2020, receiving funding for technical transformation projects at the municipal and district levels[35]. Legal Matters - The company is involved in a significant lawsuit regarding equity repurchase, with a claim amount of 163.02 million RMB[173]. - The company has engaged legal counsel to navigate the complexities of the ongoing litigation effectively[180]. - The company remains optimistic about the final outcomes of the legal proceedings, relying on judicial decisions to resolve disputes[179]. - The company faced legal challenges, including a civil ruling that froze its bank deposits amounting to RMB 40 million[180]. - The company has been actively involved in legal proceedings, with multiple rulings and appeals throughout 2020 and early 2021[184]. Research and Development - Research and development expenses amounted to 13,448,032.23 CNY, a decrease of 37.52% compared to 2019[62]. - The company plans to enhance its R&D capabilities, focusing on environmentally friendly plastic packaging, high-end paper packaging, and 3C high-end product support[93]. - The company has committed to reducing carbon emissions by 20% over the next five years as part of its sustainability strategy[124]. - The company has accumulated 71 national patents and 27 registered trademarks, including 5 invention patents and 60 utility model patents[44]. Market Position and Strategy - The company anticipates continued growth in the tobacco packaging sector, driven by technological and process innovations[92]. - The company aims to solidify its core business in tobacco labels while actively expanding new customers and products[93]. - The company will leverage its platform advantages to promote industry cooperation, mergers, and resource integration to strengthen its market position[94]. - The company recognizes the risk of intensified market competition due to lower entry barriers for printing companies in the tobacco label market and plans to leverage its experience and quality to maintain market share[98]. Financial Management - The company is committed to optimizing cost structures and enhancing financial management standards to improve competitiveness[94]. - The company has not engaged in share repurchases during the reporting period, maintaining a focus on cash dividends[110]. - The company’s cash dividend payout ratio is in line with the minimum requirement of 20% for profit distribution during significant capital expenditure phases[110]. Shareholder Commitments - The company has commitments related to performance guarantees for the years 2019, 2020, and 2021, with specific profit targets set for each year[113]. - If actual profits fall below the promised amounts, the company has outlined compensation measures, including cash payments to cover shortfalls[115]. - The company plans to carry forward any undistributed profits to future periods for allocation[111]. Corporate Governance - The company has not made any changes to the fundraising projects during the reporting period[86]. - The company will ensure the authenticity, accuracy, and completeness of its financial disclosures and bear legal responsibilities for any violations[143]. - The company has a long-term commitment to avoid and minimize related party transactions[141].