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].

Financial Performance - Operating revenue for the reporting period was CNY 50,789,460.90, a decline of 33.47% year-on-year[7] - Net profit attributable to shareholders was CNY 1,683,745.06, down 67.57% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 1,965,319.65, a decrease of 54.84% year-on-year[7] - Basic earnings per share were CNY 0.01, down 66.67% year-on-year[7] - The company reported a 43.56% decrease in cumulative operating revenue year-to-date, totaling ¥163,991,574.10[16] - The company's revenue from sales of goods and services received was approximately CNY 187.77 million, a decrease of 46.01% compared to CNY 347.80 million in the previous period[17] - The net profit for the third quarter was CNY 1,683,745.06, down from CNY 5,355,027.28 year-over-year, representing a decrease of approximately 68.7%[59] - The basic and diluted earnings per share for the third quarter were both CNY 0.01, compared to CNY 0.03 in the same period last year[59] - The total comprehensive income for the third quarter was CNY 1,683,745.06, a significant decline from CNY 5,191,936.29 in the previous year[59] - The net profit attributable to the parent company is CNY 15,317,202.12, down 31.4% from CNY 22,348,564.58 in the same period last year[71] Assets and Liabilities - Total assets decreased by 29.65% to CNY 535,086,574.41 compared to the end of the previous year[7] - Cash and cash equivalents decreased by 60.30% to ¥64,034,452.26 due to a reduction in the scope of the consolidated financial statements[15] - Total liabilities decreased to RMB 131,000,000.00 from RMB 113,000,000.00, indicating a change in the company's financial obligations[49] - The company's total assets amounted to RMB 535,086,574.41, a decrease from RMB 760,573,439.61 at the end of 2019[48] - The total liabilities amounted to ¥220,096,856.77, remaining stable compared to the previous year[82] - The company reported a total liability of CNY 203,071,428.17, with current liabilities at CNY 141,521,992.48 and non-current liabilities at CNY 61,549,435.69[86] Cash Flow - Cash flow from operating activities increased by 287.38% to CNY 17,914,293.70 compared to the same period last year[7] - The net cash flow from operating activities is CNY 48,074,184.57, down 21.8% from CNY 61,466,606.75 in the previous period[74] - The net cash flow from investment activities was -¥43,918,628.59, compared to -¥138,774,809.59 in the previous year, indicating an improvement[76] - Cash flow from financing activities resulted in a net outflow of -¥12,866,213.27, compared to a slight inflow of ¥361,176.84 in the previous year[78] Shareholder Information - The company reported a total of 12,441 shareholders at the end of the reporting period[11] - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, totaling 103,632,000 shares[11] - The company plans to implement a shareholder dividend return plan for the next three years (2020-2022)[30] Legal Matters - The company has ongoing litigation with Jiangsu Unicom, involving a claim amount of CNY 40 million, with the case currently in the first instance trial[19] - The company has not recognized any expected liabilities from the litigation, indicating a high likelihood of a favorable outcome[19] - The company is involved in multiple lawsuits with a total disputed amount of approximately 19,760.86 million yuan and 4,730.18 million yuan, with ongoing hearings and no final judgments yet[21][23] - The company has received multiple court summons related to various lawsuits, indicating ongoing legal challenges[26] - The company is actively pursuing legal actions to recover debts and enforce judgments from previous cases[24] Performance Commitments - The company committed to achieving net profits of no less than CNY 29 million, CNY 31.5 million, and CNY 33.5 million for the years 2019, 2020, and 2021 respectively[31] - The performance commitment period for the company is from 2019 to 2021, with specific compensation measures in place if actual profits fall short of commitments[31] - The company is subject to performance compensation obligations if actual profits do not meet the promised figures during the commitment period[31] Research and Development - Research and development expenses decreased by 23.29% to ¥3,846,982.71, reflecting a reduction in the scope of the consolidated financial statements[16] - Research and development expenses for the third quarter amounted to CNY 2,347,059.41, up from CNY 2,062,654.47 in the previous year, reflecting a growth of about 13.8%[61] - Research and development expenses increased to CNY 8,348,552.27, up 12.1% from CNY 7,449,301.03 in the previous period[69] Compliance and Governance - The company has received a warning letter from the China Securities Regulatory Commission regarding compliance issues[30] - The company has signed a new leasing contract with its wholly-owned subsidiary, indicating ongoing related party transactions[30] - The company executed new revenue and leasing standards starting January 1, 2020, with adjustments impacting pre-revenue recognition and contract liabilities[88]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥113,202,113.20, a decrease of 47.16% compared to ¥214,225,420.19 in the same period last year[19] - The net profit attributable to shareholders of the listed company was ¥12,606,179.69, down 41.02% from ¥21,374,831.63 in the previous year[19] - The net cash flow from operating activities was ¥30,159,890.87, a decline of 57.54% compared to ¥71,027,104.39 in the same period last year[19] - Basic earnings per share decreased by 38.46% to ¥0.08 from ¥0.13 in the previous year[19] - Total assets at the end of the reporting period were ¥537,024,307.60, down 29.39% from ¥760,573,439.61 at the end of the previous year[19] - The net profit after deducting non-recurring gains and losses was ¥11,773,531.25, a decrease of 44.56% from ¥21,235,153.77 in the same period last year[19] - Total revenue for the reporting period was ¥113,202,113.20, a decrease of 47.16% compared to ¥214,225,420.19 in the same period last year[44] - The company reported a net profit of 50% below the performance commitment for the year, triggering compensation obligations from the original shareholders of the acquired entity[89] Business Operations - The company has expanded its business scope to include the research, development, production, and sales of medical devices and sanitary products[18] - The company plans to expand its product range to include disposable protective masks in response to current market demands[35] - The company has focused on maintaining relationships with existing customers and expanding its target customer base through bidding efforts[35] - The company aims to strengthen cooperation with existing customers and expand into upstream and premium packaging sectors to sustain growth[71] - The company is committed to enhancing product quality and technological innovation to secure more orders from existing customers[72] Assets and Liabilities - Fixed assets decreased by 32.20% compared to the end of the previous year, primarily due to the exclusion of 联通纪元 from the consolidated financial statements[30] - The company’s intangible assets fell by 73.18% compared to the end of the previous year, also due to the exclusion of 联通纪元[30] - The company reported a total net assets attributable to shareholders of ¥379,548,491.00, a slight decrease of 0.89% from ¥382,942,311.31 at the end of the previous year[19] - The company’s cash and cash equivalents decreased by 199.38% compared to the previous year, primarily due to the exclusion of 联通纪元 from the consolidated financial statements[41] - The company’s inventory decreased to ¥23,249,451.97, down 2.47% from ¥53,216,778.60 in the previous year[50] Legal and Regulatory Matters - The company is involved in a lawsuit with Jiangyin Yinhong Investment Enterprise regarding a share repurchase matter, with a disputed amount of approximately 19,760.86 million yuan[96] - The company has a pending lawsuit where Jiangyin Shun Investment Enterprise is involved, with a claim amount of 4,200 million yuan[98] - The company is actively managing its legal risks and has engaged legal counsel to navigate the ongoing litigation[94] - The company has received a warning letter from the Guangdong Regulatory Bureau for violating information disclosure regulations[112] - The company has taken measures to comply with regulatory requirements following the warning letter[112] Cash Flow and Investments - The total cash inflow from operating activities was ¥135,762,165.26, while cash outflow was ¥105,602,274.39, resulting in a net cash inflow of ¥30,159,890.87[192] - The cash flow from investment activities showed a net outflow of ¥119,151,774.09, compared to a net outflow of ¥110,645,677.40 in the previous year[192] - Cash flow from financing activities resulted in a net outflow of ¥11,180,244.53, contrasting with a net inflow of ¥6,137,168.71 in the same period last year[192] - The company has not made any changes to the use of raised funds during the reporting period[63] - The company has not conducted an audit for the semi-annual financial report[90] Shareholder and Governance - The actual controller and shareholders have made performance commitments for the years 2019, 2020, and 2021, with net profit targets of no less than 29 million, 31.5 million, and 33.5 million respectively[79] - If the actual net profit falls below the committed amount, the company will initiate special compensation measures, requiring cash compensation from the obligated parties[81] - The company has a three-year dividend return plan for shareholders from 2020 to 2022[146] - The total number of ordinary shareholders at the end of the reporting period was 12,831[155] - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, totaling 103,632,000 ordinary shares[155] Compliance and Internal Controls - The company has implemented measures to enhance compliance with securities laws and improve internal reporting processes[116] - The company has committed to ongoing training for its board and management to strengthen governance and compliance awareness[125] - The company has completed its rectification measures and will continue to ensure compliance with regulations[127] - The company has not experienced any trust, contracting, or leasing issues during the reporting period[135] - No significant related party transactions occurred during the reporting period[129]

Group 1: Event Details - The company will participate in the "2020 Guangdong Listed Companies Investor Online Collective Reception Day" event [1] - The event is organized by the Guangdong Securities Regulatory Bureau and the Guangdong Listed Companies Association [1] - The online event will take place on May 18, 2020, from 15:50 to 16:50 [1] Group 2: Participation Information - Investors can join the event via the "Panorama Roadshow" website [1] - Company executives, including the General Manager and Financial Director, will engage with investors through text-based communication [1] - The company encourages active participation from investors [1] Group 3: Company Assurance - The company and its board members guarantee the authenticity, accuracy, and completeness of the disclosed information [1] - There are no false records, misleading statements, or significant omissions in the announcement [1]

Financial Performance - The company's operating revenue for 2019 was CNY 423,447,786.61, representing a 50.97% increase compared to CNY 280,488,029.79 in 2018[15] - The net profit attributable to shareholders for 2019 was CNY 26,278,327.14, a decrease of 46.95% from CNY 49,531,753.19 in 2018[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,037,035.77, down 46.42% from CNY 44,860,457.49 in 2018[15] - The basic earnings per share for 2019 was CNY 0.16, a decline of 48.39% from CNY 0.31 in 2018[16] - The total assets at the end of 2019 were CNY 760,573,439.61, an increase of 44.42% from CNY 526,657,337.97 at the end of 2018[16] - The net assets attributable to shareholders decreased by 12.30% to CNY 382,942,311.31 at the end of 2019 from CNY 436,663,984.17 at the end of 2018[16] - The net cash flow from operating activities was CNY 94,345,808.17, a slight decrease of 0.74% from CNY 95,049,883.74 in 2018[16] - The weighted average return on net assets for 2019 was 6.52%, down from 11.65% in 2018, reflecting a decrease of 5.13%[16] Business Expansion and Acquisitions - The company expanded its business scope to include the research, development, production, and sales of medical devices and sanitary products in 2020[13] - The company acquired a new subsidiary, resulting in a 32.39% increase in fixed assets and a 253.87% increase in intangible assets compared to the previous year[28] - The company increased its consolidated reporting scope by acquiring a controlling subsidiary, Jiangsu Unicom Jiyuan Printing Co., Ltd.[54] - The company has committed to enhancing shareholder returns through a dividend increase of 5% per share[129] Research and Development - The company has developed 12 key technology projects in 2019, receiving 1.09 million CNY in funding for technological transformation projects[33] - The company has accumulated 64 national patents and 15 registered trademarks, enhancing its competitive edge in the market[33] - The company has a strong focus on R&D and innovation, continuously improving its production processes and product quality to maintain a competitive advantage[30] - The number of R&D personnel increased by 69.81% to 90, enhancing the company's innovation capabilities[62] - The company is investing 50 million RMB in R&D for new technologies to enhance product offerings[120] Market Position and Strategy - The company emphasizes a "design + manufacturing + service" business model, providing integrated high-quality services to meet customer needs[35] - The company aims to become a leading professional printing service provider in the high-end packaging printing sector, focusing on personalized needs of tobacco industry clients[98] - The company is actively exploring new business areas, including electronic product packaging, to enhance its market presence[39] - The company plans to enhance R&D operations and increase investment to drive innovation and accelerate the conversion of R&D results into high-quality product development services[99] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 1 per 10 shares, based on a total of 160,000,000 shares[4] - In 2019, the company distributed cash dividends of 16 million yuan, accounting for 60.89% of the net profit attributable to ordinary shareholders[111] - The cash dividend represents 100% of the profit distribution total, aligning with the company's policy to maintain a minimum of 20% cash distribution during significant capital expenditures[112] - The total cash dividend amount distributed this year is 16,000,000 yuan, which is fully covered by the available distributable profits[112] Risks and Challenges - The company faces risks from national tobacco industry regulations and increasing competition, which may impact cigarette and label sales[101][102] - The packaging industry is facing complex challenges, but the company aims to maintain strategic focus and ensure high-quality development[95] Compliance and Governance - The company has maintained compliance with environmental regulations and did not face any penalties during the reporting period[170] - The management emphasized the importance of compliance and transparency in financial reporting to mitigate risks associated with potential legal issues[130] - The company has not reported any significant non-equity investments during the reporting period[81] Future Outlook - Future guidance estimates a revenue growth of 25% for the upcoming fiscal year, driven by market expansion strategies[119] - The company is considering strategic acquisitions to bolster its market position, with a budget of 200 million RMB allocated for potential deals[122] - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within three years[124] - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches[124]

Financial Performance - The company's revenue for Q1 2020 was ¥58,129,247.77, representing a decrease of 50.08% compared to ¥116,456,172.63 in the same period last year[7] - Net profit attributable to shareholders was ¥5,269,901.85, down 62.41% from ¥14,017,897.96 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥4,947,618.67, a decline of 64.18% compared to ¥13,812,286.75 in the previous year[7] - Basic and diluted earnings per share were both ¥0.03, down 66.67% from ¥0.09 in the previous year[7] - Total operating revenue for Q1 2020 was CNY 58,129,247.77, a decrease from CNY 116,456,172.63 in the previous period[40] - Net profit for Q1 2020 was CNY 5,633,793.89, compared to CNY 16,792,732.09 in the same period last year, representing a decline of approximately 66.4%[42] - The net profit for the first quarter of 2020 was CNY 4,763,952.83, a decrease of 56.4% compared to CNY 10,949,811.95 in the same period last year[46] - The operating profit for the first quarter was CNY 5,650,290.98, down 55.3% from CNY 12,637,547.08 year-on-year[46] Cash Flow - The net cash flow from operating activities increased significantly to ¥11,238,881.23, a 716.24% improvement from -¥1,823,768.70 in the same period last year[7] - The cash flow from operating activities generated a net amount of CNY 11,238,881.23, compared to a negative cash flow of CNY -1,823,768.70 in the previous year[50] - Total cash inflow from operating activities was CNY 70,093,559.03, a decline of 41% from CNY 118,549,683.63 in the prior year[50] - The cash outflow from operating activities was CNY 58,854,677.80, down 51% from CNY 120,373,452.33 year-on-year[50] - The company reported a cash flow from investing activities of CNY -91,102,546.19, compared to CNY -107,788,874.74 in the same period last year[51] - The cash flow from financing activities resulted in a net outflow of CNY -5,504,827.33, contrasting with a net inflow of CNY 92,275,056.40 in the previous year[51] - The net increase in cash and cash equivalents was -6,501,588.92 CNY, down from -80,746,709.69 CNY year-over-year[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥543,091,899.36, a decrease of 28.59% from ¥760,573,439.61 at the end of the previous year[7] - Cash and cash equivalents decreased by 77.09% to ¥36,949,103.93 due to the exclusion of Jiangsu Unicom from the consolidated financial statements[15] - The total current liabilities decreased to CNY 95,644,207.76 from CNY 220,096,856.77, reflecting a reduction of approximately 56.5%[34] - The company's non-current assets also saw a decline, totaling CNY 251,026,103.73 compared to CNY 463,961,919.56, a decrease of around 46%[33] - Total liabilities for Q1 2020 were CNY 147,738,175.37, down from CNY 203,071,428.17 in the previous period[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,207[10] - The largest shareholder, Yize Holdings Co., Ltd., held 64.77% of the shares, totaling 103,632,000 shares[10] - Net assets attributable to shareholders increased slightly by 1.38% to ¥388,215,326.47 from ¥382,942,311.31 at the end of the previous year[7] - The total equity attributable to shareholders increased slightly to CNY 388,215,326.47 from CNY 382,942,311.31, showing a growth of about 1.7%[35] Operational Changes - Operating revenue fell by 50.08% to ¥58,129,247.77 primarily due to the exclusion of Jiangsu Unicom from the consolidated financial statements starting in March[16] - The company lost control over Jiangsu Unicom, which no longer provides consolidated financial statements, impacting financial and operational decision-making[19] - The company initiated legal action against the original shareholders of Jiangsu Unicom for performance compensation obligations due to unmet performance commitments[18] - The company plans to take legal measures to regain control over Jiangsu Unicom and exercise its rights as the controlling shareholder[20] - The company reported a 44.43% decrease in cash paid to employees, amounting to ¥13,829,632.68, reflecting the exclusion of Jiangsu Unicom from the consolidated financial statements[16] Research and Development - The company did not engage in any research and development of new products or technologies, nor did it announce any market expansion or mergers during the reporting period[22] - Research and development expenses for Q1 2020 were CNY 3,468,572.70, down from CNY 5,523,359.06 in the previous year[41] Other Financial Metrics - The company reported no securities investments, entrusted financial management, or derivative investments during the reporting period[23][24][25] - The company had no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[26][27] - The company has not disclosed any new product developments or market expansion strategies in this report[39]

Financial Performance - Operating revenue decreased by 5.48% to CNY 76,339,501.81 year-on-year, while year-to-date revenue increased by 71.14% to CNY 290,564,922.00[8] - Net profit attributable to shareholders decreased by 56.21% to CNY 5,191,936.29 for the current period, with a year-to-date increase of 6.27% to CNY 26,566,767.92[8] - Basic earnings per share fell by 57.14% to CNY 0.03, while year-to-date earnings per share increased by 6.25% to CNY 0.17[8] - Total operating revenue for Q3 2019 was CNY 76,339,501.81, a decrease of 5.3% compared to CNY 80,765,453.00 in the same period last year[37] - Net profit for Q3 2019 was CNY 5,355,027.28, down 54.9% from CNY 11,857,684.03 in the previous year[39] - The total operating revenue for the period reached CNY 290,564,922, a significant increase of 71.1% compared to CNY 169,779,087.76 in the previous period[44] - The net profit for the period was CNY 30,070,353.10, representing a 20.3% increase from CNY 25,000,293.85 in the previous year[46] - The total comprehensive income attributable to the parent company was CNY 26,566,767.92, an increase from CNY 25,000,293.85 year-over-year[47] Assets and Liabilities - Total assets increased by 42.83% to CNY 752,228,179.97 compared to the end of the previous year[8] - The company's total liabilities increased to CNY 278,888,281.18 from CNY 89,993,353.80, indicating a significant rise in financial obligations[29] - Current assets totaled CNY 272,268,205.11, compared to CNY 263,855,256.31 at the end of 2018, reflecting a slight increase[28] - The total equity attributable to shareholders decreased to CNY 383,230,752.09 from CNY 436,663,984.17, a decline of approximately 12.2%[30] - The company's total liabilities reached CNY 195,112,072.33, significantly higher than CNY 94,523,042.35 in the previous year[35] - The total equity of the company decreased to CNY 326,442,750.66 from CNY 384,094,186.08 year-on-year[35] Cash Flow - The net cash flow from operating activities was negative at CNY -9,560,497.64, a decrease of 136.70% compared to the same period last year[8] - Cash inflows from operating activities amounted to CNY 352,701,396.64, up from CNY 206,049,632.72, representing a growth of about 71.2% year-over-year[54] - The net cash flow from operating activities was CNY 61,466,606.75, compared to CNY 55,478,962.53 in the previous year, indicating an increase of approximately 10.0%[54] - The company reported cash outflows from investing activities totaling CNY 114,344,445.16, down from CNY 195,584,580.15, showing a decrease of about 41.5%[55] - The net cash flow from investing activities was negative CNY 112,098,886.86, worsening from negative CNY 82,262,141.80 year-over-year[55] - Cash inflows from financing activities were CNY 93,100,000.00, compared to CNY 49,396.30 in the previous year, marking a significant increase[55] - The net cash flow from financing activities was CNY 361,176.84, a recovery from negative CNY 39,950,603.70 in the same period last year[55] - The ending cash and cash equivalents balance was CNY 97,169,665.93, compared to CNY 44,160,028.93 at the end of the previous year, reflecting a substantial increase[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,557[12] - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, totaling 103,632,000 shares[12] Expenses - Sales expenses increased by 74.76% to $3.24 million due to the expanded consolidation scope[17] - R&D expenses grew by 30.44% to $5.01 million, reflecting the increased consolidation scope[17] - The company's financial expenses increased to CNY 1,354,537.94, compared to CNY 14,240.84 in the previous year[37] - Research and development expenses for the quarter were CNY 5,014,854.58, an increase of 30.4% compared to CNY 3,844,630.67 in the same period last year[37] - The company incurred financial expenses of CNY 4,380,345.61, compared to a financial income of CNY 160,183.68 in the previous period[44] Investments and Consolidation - Other receivables increased by 709.42% to $3.77 million primarily due to the consolidation of Unicom Epoch[16] - Inventory rose by 139.48% to $56.82 million, mainly from the consolidation of Unicom Epoch[16] - Long-term equity investments reached $2.50 million, attributed to the consolidation of Unicom Epoch[16] - Operating revenue surged by 71.14% to $290.56 million, driven by the consolidation of Unicom Epoch[17] - Cash received from sales increased by 71.02% to $347.80 million, primarily due to the consolidation of Unicom Epoch[18] - The company reported a significant increase in long-term investments, with long-term equity investments rising to CNY 2,495,701.27, compared to zero at the end of 2018[28] Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[44] Audit Information - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[60]