Financial Performance - The company's operating revenue for the first half of 2019 was CNY 214,225,420.19, representing a 140.67% increase compared to CNY 89,013,634.76 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 21,374,831.63, up 62.64% from CNY 13,142,609.82 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 21,235,153.77, reflecting a 91.40% increase from CNY 11,094,564.82 in the previous year[18]. - The net cash flow from operating activities reached CNY 71,027,104.39, a significant rise of 141.35% compared to CNY 29,429,199.47 in the same period last year[18]. - Basic earnings per share were CNY 0.13, up 62.50% from CNY 0.08 in the same period last year[18]. - The diluted earnings per share also stood at CNY 0.13, reflecting a 62.50% increase compared to CNY 0.08 in the previous year[18]. - The weighted average return on net assets was 4.92%, an increase of 1.79% from 3.13% in the same period last year[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 782,637,098.80, an increase of 48.60% from CNY 526,657,337.97 at the end of the previous year[18]. - The total liabilities increased to CNY 314,652,227.29 from CNY 89,993,353.80, marking a substantial rise of about 249.5%[118]. - The company's equity attributable to shareholders decreased to CNY 378,038,815.80 from CNY 436,663,984.17, a decline of approximately 13.4%[118]. - The company's long-term borrowings increased to RMB 69,825,000.00, primarily due to acquisition loans[46]. Revenue Segmentation - The packaging printing segment accounted for 98.10% of total revenue, with a year-on-year growth of 147.52%[39]. - Revenue from the East China region surged by 305.63% to RMB 115,864,179.06, while the gross profit margin improved to 30.13%[42]. - The Southwest region's revenue increased by 85.09% to RMB 77,475,731.15, with a gross profit margin of 36.45%[42]. Acquisitions and Investments - The company acquired 55.45% of Jiangsu Unicom Epoch Printing Co., Ltd., resulting in a significant increase in assets, including goodwill rising by RMB 114.00 million[27]. - The company completed a major acquisition of Jiangsu Liantong Jiyuan Printing Co., Ltd., with an investment of RMB 221,800,000.00, representing a 100% increase compared to the previous year[48]. - The company is actively working to expand into upstream and premium packaging sectors to ensure sustained growth[69]. Research and Development - The company’s R&D investment rose by 129.84% to RMB 10.93 million, reflecting a commitment to innovation and new product development[36]. - Research and development expenses increased to CNY 10,927,652.47, up 30.5% from CNY 4,754,533.27 in the first half of 2018[126]. Cash Flow and Financial Management - The cash flow from financing activities showed a net inflow of CNY 6.14 million, a recovery from a net outflow of CNY 39.95 million in the first half of 2018[136]. - The company reported a cash outflow from investing activities of CNY 110.65 million, which was a significant increase from CNY 9.93 million in the same period of 2018[135]. - The company paid CNY 82.31 million in dividends and interest during the first half of 2019, compared to CNY 39.99 million in the same period of 2018, indicating a rise of 106.0%[136]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,621[101]. - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, totaling 103,632,000 shares[101]. - The total number of shares outstanding is 160,000,000[99]. Regulatory and Compliance - The company has not faced any penalties or corrective actions during the reporting period[81]. - The company has not engaged in any significant related-party transactions during the reporting period[83]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[156]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial status and operating results[158]. - The company measures financial assets at fair value, with changes recognized in other comprehensive income, and dividends (excluding recovery of investment cost) recognized in current profit or loss[168]. - Financial liabilities measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivatives, with gains or losses from credit risk changes recorded in other comprehensive income[169].

广东新宏泽包装股份有限公司 2019 年第一季度报告全文 广东新宏泽包装股份有限公司 2019 年第一季度报告 2019 年 04 月 1 广东新宏泽包装股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人肖海兰、主管会计工作负责人李艳萍及会计机构负责人(会计主 管人员)林镇链声明：保证季度报告中财务报表的真实、准确、完整。 2 广东新宏泽包装股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 116,456,172.63 | 39,898,070.03 | 191.88% | | 归属于上市公司股东的净利润（元） | 14,017,897.96 | 7,7 ...

Financial Performance - The company's operating revenue for 2018 was CNY 280,488,029.79, representing a 4.14% increase compared to CNY 269,338,270.38 in 2017[18] - The net profit attributable to shareholders for 2018 was CNY 49,531,753.19, up 4.07% from CNY 47,592,741.21 in the previous year[18] - The net profit after deducting non-recurring gains and losses was CNY 44,860,457.49, reflecting a 6.52% increase from CNY 42,114,257.86 in 2017[18] - The basic earnings per share for 2018 was CNY 0.31, a 3.33% increase from CNY 0.30 in 2017[19] - The company reported a gross margin of 35.34% for its packaging printing segment, with a slight increase in operating costs by 2.79% year-on-year[44] - The cash dividend payout ratio for 2018 was 161.51% of the net profit attributable to ordinary shareholders[90] - The company reported a net profit for 2018 of 49,531,753.19 CNY, with the parent company achieving a net profit of 43,650,289.40 CNY[92] Cash Flow and Assets - The net cash flow from operating activities surged by 221.09% to CNY 95,049,883.74, compared to CNY 29,602,531.89 in 2017[19] - Total assets at the end of 2018 were CNY 526,657,337.97, a slight increase of 0.10% from CNY 526,117,369.28 at the end of 2017[19] - The net assets attributable to shareholders increased by 2.24% to CNY 436,663,984.17, compared to CNY 427,090,244.13 at the end of 2017[19] - The company's cash and cash equivalents increased by CNY 36,408,634.84, a significant turnaround from a decrease of CNY 94,471,462.82 in the previous year[54] - The total amount of fixed assets rose to CNY 176,409,682.90, representing 33.50% of total assets, attributed to the conversion of construction in progress into fixed assets[60] Research and Development - The company developed 16 key technology projects in 2018, receiving government funding of ¥3 million for technological transformation projects[31] - The company holds a total of 37 national patents, including 1 invention patent and 9 utility model patents, enhancing its competitive edge in the market[31] - The company has obtained a total of 45 national patents, enhancing its research and development capabilities and focusing on innovative product design[37] - Research and development expenses increased by 76.47% to CNY 13,896,943.61, accounting for 4.95% of operating revenue, driven by significant investment in innovation and new product design[51][52] Market Position and Strategy - The company maintained a strong position in the cigarette label market, with revenue from cigarette labels accounting for 97.48% of total operating revenue, amounting to CNY 273.43 million, reflecting a 2.77% increase from the previous year[43] - The company is actively exploring new markets in premium packaging, including electronics and cosmetics, to diversify its product offerings[36] - The company plans to increase its market penetration by integrating design, production, and service, thereby improving its industry position and market share[78] - The company has established long-term cooperative relationships with major tobacco companies, including Zhejiang and Yunnan Tobacco, indicating strong customer resource advantages[31] Dividend Policy - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 80,000,000 based on 160,000,000 shares[5] - The 2018 profit distribution plan includes a cash dividend of 5.00 CNY per 10 shares, totaling 80 million CNY, based on a total share capital of 160 million shares[88] - The total cash dividend amount for 2018 was fully allocated from the distributable profits, with no other forms of distribution reported[90] Governance and Compliance - The company has a well-defined internal control system, continuously improving its governance level[172] - The company respects the rights of all stakeholders, promoting a win-win situation among customers, suppliers, employees, and shareholders[174] - The company has maintained compliance with environmental regulations, with no environmental accidents reported during the reporting period[132] - The audit committee held five meetings during the reporting period to review internal controls, fundraising usage, and related party transactions[181] Shareholder Structure - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, amounting to 103,632,000 shares[148] - The company has not reported any significant changes in shareholding structure or major shareholder situations during the reporting period[146] - The controlling shareholder, Yize Holdings Limited, is a foreign entity established on August 11, 2005, primarily engaged in equity investment[150] Employee and Management Structure - The total number of employees in the company is 364, with 255 in the parent company and 109 in major subsidiaries[167] - The company has a diverse board with members holding various qualifications, including accounting and legal certifications[160] - The total remuneration for directors and senior management during the reporting period is 2.3561 million yuan[166] - The company emphasizes the importance of professional qualifications among its leadership to ensure effective governance[160] Environmental Responsibility - The company has established pollution prevention facilities, including a wastewater treatment system that meets local standards, significantly reducing environmental impact[136] - The company has actively participated in environmental protection initiatives, including upgrading waste gas treatment equipment to reduce VOC emissions[132] - The company has implemented two sets of UV light decomposition oxidation catalytic + activated carbon adsorption comprehensive treatment equipment to effectively reduce VOC gas emissions[137]

证券代码：002836 证券简称：新宏泽 公告编号：2018-030 广东新宏泽包装股份有限公司 2018 年第三季度报告正文 2018 年 10 月 广东新宏泽包装股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人肖海兰、主管会计工作负责人李艳萍及会计机构负责人(会计主 管人员)林镇链声明：保证季度报告中财务报表的真实、准确、完整。 1 广东新宏泽包装股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 531,415,520.95 | | 526,117,369.28 | 1.01% | | 归属于上市公司股东的净资产 | 412,13 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥89,013,634.76, a decrease of 15.92% compared to ¥105,865,323.26 in the same period last year[17]. - The net profit attributable to shareholders was ¥13,142,609.82, down 27.96% from ¥18,242,568.20 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥11,094,564.82, a decline of 26.51% compared to ¥15,097,106.56 in the previous year[17]. - The basic earnings per share were ¥0.08, down 27.27% from ¥0.11 in the same period last year[17]. - The overall comprehensive income for the first half of 2018 was CNY 13,142,609.82, compared to CNY 18,242,568.20 in the previous year[137]. - The company reported a net profit for the first half of 2018 of CNY 13,142,609.82, down 28.56% from CNY 18,242,568.20 in the previous year[137]. - Operating profit for the first half of 2018 was CNY 16,200,464.31, down 33.83% from CNY 24,460,055.61 in the same period of 2017[136]. Cash Flow - The net cash flow from operating activities increased significantly to ¥29,429,199.47, up 567.07% from ¥4,411,691.63 in the same period last year[17]. - Cash received from sales of goods and services was CNY 130,151,129.70, an increase from CNY 117,389,488.68 in the previous period[142]. - The total cash inflow from operating activities amounted to CNY 131,552,202.50, compared to CNY 121,719,790.85 in the previous year, indicating a year-over-year increase of about 24%[143]. - The cash outflow from operating activities decreased to CNY 102,123,003.03 from CNY 117,308,099.22, reflecting a reduction of approximately 13%[143]. - The net cash flow from investing activities was -CNY 9,927,267.39, an improvement from -CNY 108,125,573.14 in the prior year, showing a reduction in cash outflow by about 91%[144]. - The net cash flow from financing activities was -CNY 39,950,341.20, compared to -CNY 45,003,043.52 in the previous year, indicating a slight improvement[144]. Assets and Liabilities - Total assets at the end of the reporting period were ¥498,756,618.05, a decrease of 5.20% from ¥526,117,369.28 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 6.28% to ¥400,274,840.80 from ¥427,090,244.13 at the end of the previous year[17]. - Total current assets decreased from CNY 256,499,020.36 to CNY 225,419,866.61, a decline of approximately 12.1%[127]. - Total liabilities decreased slightly from CNY 99,027,125.15 to CNY 98,481,777.25, a decrease of about 0.6%[128]. - Owner's equity decreased from CNY 427,090,244.13 to CNY 400,274,840.80, a decrease of about 6.3%[129]. Investments and R&D - Research and development expenses rose by 76.78% to CNY 4.75 million, reflecting investment in the R&D center[34]. - The company participated in the formulation of 2 national standards and 2 industry standards, and obtained 6 utility model patents during the reporting period[32]. - The packaging printing production project has achieved an investment progress of 86.48%, with a cumulative investment of ¥7,834.23 million against a commitment of ¥9,058.75 million[52]. - The R&D center construction project has reached a 90.29% investment progress, with a cumulative investment of ¥2,720.96 million against a commitment of ¥3,013.67 million[52]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares[6]. - The annual shareholders' meeting had a participation rate of 75% on May 10, 2018[66]. - Shareholders are committed to not transferring or entrusting their shares for 12 months post-listing, with a maximum of 25% of their total shares allowed for transfer annually thereafter[72]. - The company has established a clear strategy for managing shareholder commitments and ensuring compliance with regulations regarding share transfers[73]. Legal and Compliance - The half-year financial report has not been audited[83]. - The company has made commitments to ensure no losses arise from ongoing litigation and disputes, with the actual controller guaranteeing coverage of any related costs[81]. - There were no significant penalties or rectification measures during the reporting period[88]. - The company has not engaged in any related party transactions during the reporting period[91]. Environmental Compliance - The company is listed as a key pollutant discharge unit, with major pollutants including biochemical oxygen demand and suspended solids, all within regulatory limits[102]. - The company has established pollution prevention facilities, ensuring that domestic wastewater meets local discharge standards[103]. - The company has complied with environmental monitoring requirements, with no instances of exceeding discharge limits[104]. Market Strategy - The company plans to enhance cooperation with existing clients and actively pursue new clients to mitigate risks from intensified market competition and regulatory changes in the tobacco industry[63]. - The company aims to leverage capital to expand into upstream industries and premium packaging to sustain growth[63]. - The company plans to focus on market expansion and new product development in the upcoming quarters[136].

Financial Performance - The company's revenue for Q1 2018 was ¥39,898,070.03, a decrease of 23.72% compared to ¥52,303,735.33 in the same period last year[8] - Net profit attributable to shareholders was ¥7,758,142.51, down 29.09% from ¥10,940,169.69 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥7,062,593.97, reflecting a decline of 35.25% compared to ¥10,907,201.46 in the previous year[8] - Basic and diluted earnings per share were both ¥0.05, down 28.57% from ¥0.07 in the previous year[8] - The weighted average return on equity was 1.80%, down from 2.73% in the previous year, a decrease of 0.93%[8] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 14.59 million to 18.24 million RMB, reflecting a decrease of 0% to 20% compared to the same period in 2017[34] - The company anticipates that the performance fluctuation is due to the market conditions of the cigarette industry and the company's order situation[34] Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥21,023,561.96, a 207.90% improvement from -¥19,484,991.90 in the same period last year[8] - Total assets at the end of the reporting period were ¥508,750,467.26, a decrease of 3.30% from ¥526,117,369.28 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.82% to ¥434,848,386.64 from ¥427,090,244.13 at the end of the previous year[8] - Cash received from operating activities increased by 292.33% to 1,370,485.74, primarily from rental income of self-owned properties[18] - Cash paid for purchasing goods and services decreased by 30.16% to 34,119,782.97, attributed to reduced payments to suppliers[17] - Cash flow from investment activities amounted to 60,396,684.93, resulting from the maturity of financial products and recovery of principal and income[17] Shareholder Commitments and Stock Management - The company reported a total shareholding commitment of 25% for the first six months post-termination, with a maximum of 50% of shares allowed for sale in the following twelve months[22] - If the stock price falls below the issue price for 20 consecutive trading days or at the end of six months, the lock-up period will automatically extend by six months[22] - The company will adjust the shareholding price and closing price in case of dividends, stock splits, or other equity changes during the lock-up period[22] - The company’s major shareholders expressed a long-term commitment to hold shares, indicating confidence in the industry outlook[24] - After the lock-up period, major shareholders plan to reduce their holdings by no more than 20% of their total shares within 24 months[24] - The minimum selling price for shares post-lock-up will not be lower than the initial public offering price[24] - The company will announce any share reduction plans at least three trading days in advance if they hold at least 5% of total shares[24] - The company is committed to compensating any losses incurred by investors due to violations of shareholding commitments[24] - The company’s shareholding structure includes a commitment to not transfer or manage shares for twelve months post-IPO[22] - The company will retain the right to withhold cash dividends equivalent to any illegal gains from share reductions[22] Compliance and Corporate Governance - The company reported a commitment to avoid competition with its subsidiaries, ensuring no production or development of competing products since the signing of the commitment letter on June 1, 2014[26] - The company has pledged to stabilize its stock price by committing to use at least 50% of the cash dividends received from the company in the previous year for share repurchases[28] - The company will not engage in any related party transactions unless strictly necessary, adhering to the regulations set by the China Securities Regulatory Commission[28] - The company has a long-term commitment to repurchase all newly issued shares if found liable for any misleading statements in its prospectus, with a repurchase price not lower than the issuance price plus applicable interest[28] - The company is currently fulfilling its commitments regarding stock price stabilization and avoiding competition, as stated in its reports[28] - The company has not produced or developed any products that could compete with its subsidiaries since the commitment was signed, ensuring compliance with its competitive obligations[26] - The company will take necessary actions to avoid competition if it expands its product and business scope in the future[26] - The company has established a framework for compensating investors in case of losses due to misleading information in its prospectus[28] - The company is committed to maintaining transparency and accuracy in its financial disclosures to prevent any legal liabilities[28] - The company has outlined its strategy to manage related party transactions in accordance with commercial norms and fair pricing[28] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥695,548.54 for the period[9] - Accounts receivable decreased by 100% to 0 due to endorsement transfer during the reporting period[17] - Prepayments increased by 204.32% to 1,988,750.47, attributed to higher advance payments to suppliers[17] - Other receivables rose by 212.84% to 1,360,053.06, mainly due to increased bid guarantees and standby funds[17] - Sales revenue from goods and services increased by 30.71% to 74,382,807.75, driven by higher accounts receivable collections[17] - Financial expenses surged by 661.94% to -71,899.73, mainly due to increased interest income during the reporting period[17] - Investment income of 374,231.06 was recognized from matured financial products[17] - Tax expenses decreased by 53.26% to 365,987.99, reflecting a reduction in various additional taxes payable[17] - There are no violations regarding external guarantees during the reporting period[35] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[36] - The company has not engaged in any research, communication, or interview activities during the reporting period[37]

Financial Performance - The company's operating revenue for 2017 was CNY 269,338,270.38, representing a slight increase of 0.38% compared to CNY 268,312,232.90 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 47,592,741.21, a decrease of 5.40% from CNY 50,310,682.44 in 2016[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 42,114,257.86, down 12.83% from CNY 48,311,116.03 in 2016[16] - The basic earnings per share for 2017 was CNY 0.30, a decline of 3.23% compared to CNY 0.31 in 2016[16] - The total assets at the end of 2017 were CNY 526,117,369.28, a decrease of 4.40% from CNY 550,360,164.20 at the end of 2016[17] - The weighted average return on equity for 2017 was 11.69%, down from 19.83% in 2016, indicating a decline of 8.14%[16] - The total sales volume of cigarette labels decreased by 7.95% to 490.6 million boxes in 2017[44] - The company’s main business cost increased by 4.77% to CNY 172.02 million, with a gross margin of 35.34%[43] - The cash dividend payout ratio for 2017 is 84.05% of the net profit attributable to ordinary shareholders[84] Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 74.07% to CNY 28,602,531.89 from CNY 110,288,057.47 in 2016[16] - The company’s cash reserves decreased by 46.69% due to investments in fundraising projects during the reporting period[27] - Investment cash inflow surged by 24,791.33% to ¥415,183,652.04, while cash outflow increased by 702.81% to ¥492,563,432.58, leading to a net cash flow of -¥77,379,780.54[55] - Operating cash inflow decreased by 1.98% to ¥287,971,899.30, while cash outflow increased by 41.36% to ¥259,369,367.41, resulting in a net cash flow of ¥28,602,531.89, down 74.07%[55] Research and Development - The company reported a total of 34 national patents, indicating a strong focus on research and development capabilities[30] - The company expanded its R&D capabilities, applying for 7 new patents, bringing the total to 34 patents by the end of the reporting period[35] - The company has increased its R&D personnel by 19.05% to 50, with R&D investment rising by 65.52% to ¥11,671,961.97, representing 4.33% of operating revenue[53] - The company has implemented a training mechanism combining external and internal resources to improve employee skills continuously[161] Market Position and Strategy - The company has established long-term cooperative relationships with major tobacco companies, including Zhejiang and Yunnan Tobacco, enhancing its market position[29] - The company plans to explore new markets in electronic product packaging and cosmetics packaging, based on thorough market research[34] - The company aims to become a leading professional printing service provider in China, focusing on high-end packaging printing and personalized needs of tobacco industry clients[75] - The company is committed to providing high-quality integrated services for its customers, enhancing its overall service capabilities[31] Shareholder and Dividend Policies - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 40,000,000 based on 16,000,000 shares[5] - The company has established a clear profit distribution policy that complies with its articles of association and shareholder resolutions[82] - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 30 million yuan in 2015 and 16 million yuan in 2016[84] Corporate Governance and Compliance - The company has established a framework for compliance with regulatory requirements regarding information disclosure and investor protection[96] - The independent directors actively fulfilled their duties and provided independent opinions on various matters, contributing to the improvement of corporate governance[170] - The audit committee held five meetings during the reporting period to review internal controls and ensure the smooth progress of the annual audit[171] - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal controls[175] Risks and Challenges - The company has faced risks in its future development, which are discussed in the report, highlighting the need for investor awareness[5] - Potential risks include industry policy risks that may affect cigarette sales and, consequently, the sales and prices of cigarette labels[76] - The company is facing increased market competition risks due to a tendering system implemented by domestic tobacco manufacturers since 2010[77] Employee and Management Structure - The total number of employees in the company is 366, with 246 in the parent company and 120 in major subsidiaries[159] - The company has a professional composition of 189 production personnel, 7 sales personnel, 74 technical personnel, 13 financial personnel, and 83 administrative personnel[159] - The company has maintained a stable leadership team with no significant changes in management roles during the reporting period[149] Financial Reporting and Audit - The audit opinion for the financial statements was a standard unqualified opinion, affirming that the financial statements fairly reflect the company's financial position as of December 31, 2017[182] - The key audit matter identified was the recognition of revenue, particularly concerning the risk of revenue being recognized in the wrong period[184] - The company confirmed that there were no public bonds issued that were due or unable to be fully redeemed as of the report approval date[180]

Financial Performance - Operating revenue for the reporting period was CNY 58,830,756.18, down 19.95% year-on-year [8]. - Net profit attributable to shareholders was CNY 10,454,552.55, a decline of 24.98% compared to the same period last year [8]. - The net profit after deducting non-recurring gains and losses was CNY 9,565,676.94, down 25.84% year-on-year [8]. - Basic earnings per share were CNY 0.07, a decrease of 41.67% compared to the same period last year [8]. - The weighted average return on net assets was 2.59%, down 2.99% year-on-year [8]. - The estimated net profit attributable to shareholders for 2017 is projected to be between 40.25 million and 52.83 million CNY, reflecting a change of -20.00% to 5.00% compared to 2016's net profit of 50.31 million CNY [27]. - The performance fluctuation is attributed to the impact of the tobacco industry and national regulations, leading to a cautious outlook [27]. - The company is expected to maintain a positive net profit for 2017, indicating stability despite regulatory challenges [27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 509,643,395.50, a decrease of 7.40% compared to the end of the previous year [8]. - Cash and cash equivalents decreased by 71.15% to ¥61,175,905.69 due to the use of raised funds for investments and increased payments [17]. - Other receivables increased by 54.50% to ¥839,047.20 primarily due to an increase in bid guarantee deposits [17]. - Fixed assets increased by 31.24% to ¥180,559,094.00 mainly from the transfer of construction projects to fixed assets [17]. - The company’s deferred tax assets decreased by 30.83% to ¥1,917,975.72, mainly due to a reduction in bad debt provisions [17]. Cash Flow - The net cash flow from operating activities increased significantly by 262.41% to CNY 21,278,783.54 [8]. - Cash received from investment activities surged by 18,348.17% to ¥251,227,165.71, primarily from the maturity of financial products [18]. - The company reported a 46.31% decrease in cash paid for dividends and interest, totaling ¥16,153,941.66, due to the implementation of the 2016 profit distribution plan [18]. - The company experienced a 3073.33% increase in cash paid for IPO intermediary fees, amounting to ¥9,520,000.00 [18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,001 [12]. - The largest shareholder, Yize Holdings Co., Ltd., held 64.77% of the shares [12]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing [20]. - After the lock-up period, the company will limit annual transfers to no more than 25% of the total shares held [21]. - If the stock price falls below the issuance price for 20 consecutive trading days, the lock-up period will be extended by 6 months [21]. - The company will ensure that any share reductions after the lock-up period will not be below the issuance price [21]. - The company reported a net reduction of shares not exceeding 20% of the total shares held after the lock-up period expires [22]. - The company plans to reduce its shareholding by no more than 50% within two years after the lock-up period [23]. Corporate Governance and Commitments - The company commits to avoiding any competition with its subsidiaries and will cease any competing business if necessary [23]. - The company will strictly adhere to the regulations set by the China Securities Regulatory Commission regarding related party transactions [23]. - The company has made commitments to not transfer benefits to other entities or individuals under unfair conditions, ensuring the protection of corporate interests [25]. - The company has established measures to constrain the consumption behavior of directors and senior management, linking it to the execution of compensation measures [25]. - The company is currently fulfilling its commitments regarding social insurance and housing fund payments for employees [26]. - The company has stated that it will bear all financial obligations and responsibilities related to any penalties or losses incurred from social insurance and housing fund issues [26]. Non-Operating Activities - No non-operating fund occupation by controlling shareholders and related parties during the reporting period [29]. - No violations of external guarantees during the reporting period [28]. - No research, communication, or interview activities conducted during the reporting period [30].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 105,865,323.26, a decrease of 5.45% compared to CNY 111,968,206.30 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 18,242,568.20, an increase of 13.22% from CNY 16,112,308.81 year-on-year[19]. - The basic earnings per share decreased by 15.38% to CNY 0.11 from CNY 0.13 in the same period last year[19]. - The company reported a total profit of CNY 24,435,420.26, an increase of 12.2% from CNY 21,763,583.94[146]. - The tax expense for the period was CNY 6,192,852.06, compared to CNY 5,651,275.13, indicating a rise of 9.6%[146]. - The company reported a comprehensive income total of CNY 18,242,568.20 for the period, indicating a positive performance despite the overall cash flow challenges[159]. Cash Flow and Investments - The net cash flow from operating activities was CNY 4,411,691.63, down 93.13% from CNY 64,217,003.60 in the previous year[19]. - The company's investment activities resulted in a net cash outflow of CNY 108.13 million, primarily due to increased cash payments for financial products[44]. - The total cash inflow from investment activities was CNY 102,444,273.96, while cash outflow was CNY 210,569,847.10, resulting in a net cash flow of -CNY 108,125,573.14, compared to -CNY 53,458,980.42 last year[154]. - The company's net increase in cash and cash equivalents was -CNY 148,759,145.89, compared to -CNY 19,541,799.80 in the previous year[154]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 501,023,766.16, a decrease of 8.96% from CNY 550,360,164.20 at the end of the previous year[19]. - The total liabilities decreased from CNY 154,862,661.28 to CNY 103,283,695.04, a reduction of about 33.3%[138]. - The company's cash and cash equivalents dropped from CNY 205,424,700.58 to CNY 53,536,986.75, a decrease of approximately 73.9%[141]. - The total equity increased from CNY 395,497,502.92 to CNY 397,740,071.12, an increase of approximately 0.56%[139]. Market and Competition - The company expanded its market presence by participating in tenders from various tobacco companies and optimizing its pricing system to attract new clients[40]. - Increased market competition is anticipated due to the tendering system for cigarette label products, necessitating quality improvements and customer relationship management[74]. - The company has accumulated a strong customer base, becoming a qualified supplier for ten major tobacco companies, which enhances its competitive advantage[32]. Research and Development - Research and development expenses were CNY 2.69 million, down 24.25% from the previous year, reflecting a focus on cost management[44]. - The company established a new R&D center to enhance product innovation, focusing on eco-friendly materials and anti-counterfeiting technologies, resulting in 4 new patent applications during the reporting period[41]. - The company has committed to investing 100 million RMB in R&D for innovative packaging technologies over the next year[84]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of shares that can be reduced within 24 months after the lock-up period will not exceed 20% of the total shares held at the end of the lock-up period[83]. - The largest shareholder, Yize Holdings Limited, holds 64.77% of the shares, amounting to 103,632,000 shares[120]. Compliance and Governance - The financial statements were approved by the board on August 22, 2017, indicating a commitment to transparency and compliance[168]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[170]. - The company has made commitments regarding social insurance and housing fund payments for employees[87]. Risks and Challenges - The company faces risks related to industry policies, particularly in the tobacco sector, which may impact sales and pricing of cigarette labels[73]. - The company emphasizes the need for enhanced management capabilities and talent acquisition to adapt to its growing scale and market changes[76].

Financial Performance - Revenue for Q1 2017 was CNY 52,303,735.33, a decrease of 16.87% compared to CNY 62,920,750.61 in the same period last year[8] - Net profit attributable to shareholders was CNY 10,940,169.69, down 8.20% from CNY 11,916,767.06 year-on-year[8] - Basic earnings per share decreased by 30.00% to CNY 0.14 from CNY 0.20 in the previous year[8] - The net profit attributable to shareholders for the first half of 2017 is expected to range from 14.50 million to 22.56 million RMB, reflecting a change of -10% to 40% compared to the same period in 2016[18] - Net profit for the current period is CNY 10,940,169.69, compared to CNY 11,916,767.06 in the previous period, reflecting a decrease of approximately 8.2%[35] - The net profit for the first quarter of 2017 was CNY 12,061,774.54, an increase of 9.57% compared to CNY 11,009,621.99 in the same period last year[39] Cash Flow - Net cash flow from operating activities was negative CNY 19,484,991.90, a decline of 219.46% compared to CNY 16,311,519.07 in the same period last year[8] - Cash flow from operating activities decreased by 45.23% to 349.32 million RMB due to a reduction in other business income[16] - Cash flow from operating activities showed a net outflow of CNY -19,484,991.90, a significant decline from a net inflow of CNY 16,311,519.07 in the same quarter last year[43] - The total cash outflow from operating activities was CNY 76,739,133.02, an increase from CNY 55,414,658.70 in the same period last year[43] - The company reported a total cash outflow of 29,673,941.66 CNY from financing activities, including 20,000,000.00 CNY for debt repayment[47] - The company experienced a net decrease in cash and cash equivalents of -139,771,564.03 CNY during the quarter[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 489,071,855.60, down 11.14% from CNY 550,360,164.20 at the end of the previous year[8] - The total assets decreased from 550.36 million RMB at the beginning of the period to 489.07 million RMB at the end of the period[29] - Current liabilities decreased from CNY 135,813,459.91 to CNY 72,481,632.20, a decline of approximately 46.5%[32] - The total liabilities decreased from 154.86 million RMB to 98.63 million RMB, indicating a reduction in financial obligations[28] - The company reported a significant reduction in accounts payable from CNY 75,271,558.24 to CNY 33,191,160.53, a decrease of approximately 56%[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,487[11] - The largest shareholder, Yize Holdings Co., Ltd., held 64.77% of the shares, totaling 51,816,000 shares[11] Investment Activities - The company reported a significant increase of 12,123.86% in cash paid for the purchase of fixed assets, amounting to 12.10 million RMB[16] - The cash outflow from investment activities was CNY 72,103,676.00, compared to CNY 99,016.78 in the previous year, indicating a significant increase in investment expenditures[43] - The net cash flow from investment activities was -83,541,804.09 CNY, indicating a significant outflow compared to the previous period[47] - Total cash inflow from investment activities amounted to 17,987,600.00 CNY, while cash outflow reached 101,529,404.09 CNY[47] Tax and Financial Expenses - The cash paid for taxes increased by 72.74% to 15.74 million RMB, primarily due to the payment of taxes accrued from the previous year[16] - The company paid CNY 15,741,617.55 in taxes during the quarter, compared to CNY 9,112,756.99 in the same period last year, reflecting a 73.5% increase[43] - The company incurred financial expenses of CNY 946.13, a decrease from CNY -24,755.43 in the previous year[39] Other Information - The company has no overdue commitments from shareholders or related parties during the reporting period[17] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[21] - The company did not conduct an audit for the first quarter report[49] - The impact of exchange rate changes on cash and cash equivalents was negligible at -0.04 CNY[47]