Event Details - The company will participate in the 2021 Shenzhen Listed Companies Online Collective Reception Day event [1] - The event is themed "Communication Delivers Value, Exchange Creates a Good Ecosystem" [1] - The event will be held online via the "Panorama Roadshow World" platform [1] - Event date: November 30, 2021, from 14:00 to 17:00 [1] Participation Information - Participants can access the event through the website http://rs.p5w.net/ or the WeChat public account "Panorama Finance" [1] - Company representatives attending: Director and Deputy General Manager Gu Dingwen, CFO, and Deputy General Manager and Board Secretary He Shenjian [1] Purpose - To strengthen communication and interaction with investors [1] - The event is jointly organized by the Shenzhen Listed Companies Association and Shenzhen Panorama Network Co., Ltd [1]

深圳市美芝装饰设计工程股份有限公司 2021 年第三季度报告 证券代码：002856 证券简称：美芝股份 公告编号：2021-088 深圳市美芝装饰设计工程股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 152,252,924.36 | -59.49% | 499,687,230.50 | -35.89% | | 归属于上市公司股东的 净利润（元） | -23,522,294.06 | -394.47% | -36,639,297.00 | -451.63% | | 归属于上市公司股东的 扣除非经常性损益的净 利润（元） | -24,274,28 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥347,434,306.14, a decrease of 13.90% compared to ¥403,517,764.96 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥13,117,002.94, representing a decline of 639.38% from a profit of ¥2,431,854.10 in the previous year[20]. - The basic and diluted earnings per share were both -¥0.0969, a decrease of 584.50% compared to ¥0.0200 in the same period last year[20]. - The weighted average return on net assets was -1.59%, a decline of 1.97% from 0.38% in the previous year[20]. - The company reported a significant increase in investment cash flow, with a net amount of CNY 13.18 million, up 4,334.92% year-on-year[37]. - The company reported a total comprehensive loss of CNY -13,117,002.94, compared to a comprehensive income of CNY 2,431,854.10 in the first half of 2020[144]. - The company reported a net loss of CNY 13,117,002.94 for the first half of 2021, compared to a net profit of CNY 2,431,854.10 in the same period of 2020[143]. - The company experienced a net decrease in cash and cash equivalents of CNY 92,239,217.18 during the first half of 2021[152]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,685,481,216.04, down 5.27% from ¥1,779,169,092.99 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 1.71% to ¥814,940,881.85 from ¥829,082,915.29 at the end of the previous year[20]. - Cash and cash equivalents decreased to ¥23,006,291.71, representing a 6.80% decline due to repayment of bank loans[46]. - Accounts receivable decreased by 5.17% to ¥867,226,812.70, indicating a reduction in outstanding payments[46]. - Contract assets increased significantly to ¥356,403,908.90, up from ¥222,840,477.48, due to completed projects awaiting settlement[46]. - Total liabilities decreased from CNY 950,086,177.70 to CNY 870,540,334.19, a reduction of about 8.4%[135]. - Owner's equity decreased from CNY 829,082,915.29 to CNY 814,940,881.85, a decline of approximately 1.7%[136]. Revenue Segmentation - Revenue from the decoration and renovation segment was ¥329,343,529.20, accounting for 94.79% of total revenue, down 12.91% year-over-year[39]. - Revenue from residential decoration dropped significantly by 52.56% to ¥39,353,952.88, while curtain wall decoration revenue increased by 9.71% to ¥77,662,030.83[39]. - Revenue from the East China region fell by 37.16% to ¥39,014,910.63, while the Southwest region saw a 76.58% increase to ¥14,762,581.75[41]. Cash Flow - The net cash flow from operating activities improved to -¥47,161,592.56, a 58.19% increase compared to -¥112,807,818.08 in the same period last year[20]. - Cash inflow from investment activities was CNY 15,681,434.74, significantly higher than CNY 618,847.45 in the first half of 2020[152]. - The net cash flow from investment activities was CNY 13,180,004.74, compared to CNY 297,187.14 in the same period last year[152]. - The net cash flow from financing activities was negative CNY 58,257,629.36, a decline from positive CNY 63,306,672.91 year-over-year[152]. Market Position and Recognition - The company maintained a strong market reputation, being recognized as a "Top 100 Enterprise in China's Architectural Decoration Industry" and a "Top 100 Enterprise in China's Curtain Wall Industry"[32]. - The company has been recognized as a "Contract-abiding and Trustworthy Enterprise" for 23 consecutive years in Guangdong Province[32]. - The company has received multiple awards for project quality, including the Luban Award and the China Architectural Engineering Decoration Award, enhancing its market reputation[76]. Corporate Governance and Compliance - The company has established a governance structure that ensures the separation of decision-making, execution, and supervision, protecting investor rights[72]. - The company emphasizes employee rights protection, providing a fair compensation system and ensuring compliance with labor laws[73]. - The company adheres to various environmental protection laws and has not faced any administrative penalties related to environmental issues[71]. Strategic Initiatives - The company plans to enhance cash flow management and project risk assessment to mitigate financial pressures[58]. - The company aims to strengthen its core business and expand its competitive advantages in technology innovation and project management[59]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[160]. Legal Matters - The company reported a significant lawsuit involving a claim of 35.62 million yuan against Kunming Luosiwang Investment Development Co., Ltd. for delayed payment of project funds[85]. - The company has a total of 21 ongoing litigation and arbitration cases, with a cumulative amount involved of 23.18 million yuan, and 2 cases remain unresolved[88]. Shareholder Information - The total number of shares before the change was 135,312,808, with 45.18% being limited shares and 54.82% being unrestricted shares[111]. - The largest shareholder, Mr. Li Suhua, holds 42,819,700 shares, representing 31.64% of the total shares, with 36,188,660 shares pledged[113]. - The company completed a non-public offering of 13,704,808 shares, which were listed on August 11, 2020, with a lock-up period of 6 months[112].

Financial Performance - The company's operating revenue for 2020 was CNY 1,248,532,270.67, representing a 37.12% increase compared to CNY 910,519,039.17 in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 15,406,266.36, a significant turnaround from a loss of CNY 17,833,663.14 in 2019, marking a 186.39% improvement[16]. - The net profit after deducting non-recurring gains and losses was CNY 2,149,554.43, compared to a loss of CNY 18,647,736.42 in the previous year, reflecting an increase of 111.53%[16]. - The basic earnings per share for 2020 was CNY 0.12, a recovery from a loss of CNY 0.15 per share in 2019, indicating a 180.00% increase[16]. - The total assets at the end of 2020 were CNY 1,779,169,092.99, which is a 15.31% increase from CNY 1,542,986,018.86 at the end of 2019[18]. - The net assets attributable to shareholders increased by 28.68% to CNY 829,082,915.29 from CNY 644,273,519.20 in 2019[18]. - The company reported a net cash flow from operating activities of -CNY 65,711,436.89, worsening from -CNY 24,505,139.26 in 2019, indicating a decline of 168.15%[16]. - The weighted average return on equity improved to 2.15% in 2020 from -2.73% in 2019, showing a positive change of 4.88 percentage points[16]. Revenue Growth - In Q1 2020, the company reported a revenue of ¥66.71 million, which increased to ¥469.15 million by Q4 2020, showing a significant growth trend[21]. - The company maintained a strong market presence, with 92.49% of revenue coming from decoration and renovation services, which grew by 36.82% year-on-year[51]. - The residential renovation segment saw a remarkable growth of 273.14%, contributing CNY 285.12 million to the total revenue[51]. - The company expanded its geographical reach, with 74.63% of revenue generated from the Central South region, which grew by 36.37% year-on-year[51]. - Public renovation revenue reached CNY 700.18 million, with a year-on-year growth of 8.19%[53]. - The East China region generated CNY 191.54 million in revenue, marking a 28.66% increase year-on-year[53]. Innovation and Development - The company has developed 18 provincial construction methods and holds 21 national patents, showcasing its commitment to innovation in the construction industry[26]. - The company has invested in technology innovation, achieving 2 provincial-level technological innovation results and obtaining 5 new national utility model patents[48]. - The company is focusing on enhancing its technical research capabilities, particularly in BIM and prefabricated construction, while exploring the integration of AI technology in renovation projects[94]. Market Environment - The construction decoration industry in China has shown a compound annual growth rate of 9.12% from 2010 to 2018, indicating a robust market potential for the company[28]. - The total output value of the construction industry in China reached ¥26.39 trillion in 2020, with a year-on-year growth of 6.2%, providing a favorable environment for the company's operations[29]. - The ongoing urbanization process in China is expected to continuously drive demand for decoration services, benefiting the company's growth prospects[30]. Risk Management - The company’s future development may face significant risks as outlined in the report, which investors should be aware of[4]. - The company faces risks related to macroeconomic fluctuations, which could impact fixed asset investments and lead to project delays or cancellations[95]. - The company is experiencing pressure from rising raw material and labor costs, which could affect its operational efficiency[96]. - The company has a significant amount of accounts receivable due to long settlement cycles in the construction decoration industry, which poses a risk of bad debts[97]. - The company is implementing measures to improve cash flow management and project evaluation to mitigate financial pressures[97]. Corporate Governance - The company has received multiple certifications, including ISO9001, GB/T50430, and ISO14001, ensuring compliance with quality and safety standards[33]. - The company has been recognized as a "contract-abiding and trustworthy enterprise" for 22 consecutive years by the Guangdong provincial government[34]. - The company has established a fair evaluation system for suppliers to ensure transparency and prevent corruption in procurement processes[139]. - The governance structure is compliant with relevant laws and regulations, including the Company Law and Securities Law[200]. Shareholder and Capital Changes - The company raised CNY 17,425.39 million in a non-public offering in 2020, with CNY 16,144.66 million already utilized[75]. - The company’s total share capital increased from 121,608,000 shares to 135,312,808 shares following the private placement[145]. - The largest shareholder, Li Suhua, holds 49,419,700 shares, accounting for 36.52% of the total shares, with 42,788,660 shares pledged[155]. - The company completed the transfer of 40,580,300 shares to Guangdong Yijian, changing the controlling shareholder[154]. Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 4,806,000 RMB[192]. - The company has a total of 685 employees, including 385 production personnel and 54 sales personnel[194]. - The company has developed a training plan focusing on corporate culture, job skills, and management skills to support sustainable development[197]. Future Outlook - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth rate of 20%[190]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share in the region by 2023[190]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's service capabilities and increase market share by 10%[190].

Financial Performance - The company's operating revenue for Q1 2021 was ¥193,441,058.82, representing a 189.96% increase compared to ¥66,713,182.97 in the same period last year[8] - Net profit attributable to shareholders was ¥917,455.95, a significant turnaround from a loss of ¥11,642,225.52 in the previous year, marking a 107.88% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥782,133.95, compared to a loss of ¥11,731,440.57 last year, reflecting a 106.67% increase[8] - The basic earnings per share increased to ¥0.0068 from a loss of ¥0.09, showing a 107.56% improvement[8] - The weighted average return on net assets improved to 0.11% from -1.86%, indicating a positive shift in profitability[8] - Operating revenue surged by 189.96% to ¥193,441,058.82 from ¥66,713,182.97, primarily due to improved business conditions as the domestic COVID-19 pandemic was effectively controlled[15] - Operating costs rose by 189.95% to ¥177,288,437.18 from ¥61,144,348.15, reflecting the increase in revenue and corresponding costs[15] - The net cash flow from operating activities improved by 34.74%, amounting to -¥55,408,397.57 compared to -¥84,900,754.44 in the previous period, due to increased cash collections[15] - The company reported a significant increase in contract liabilities by 72.63% to ¥4,812,921.11 from ¥2,787,948.54, indicating a rise in advance payments received[15] - The company recorded a 44.12% improvement in investment income, with a loss of ¥207,047.70 compared to a loss of ¥370,489.68 in the previous period[15] - The total comprehensive income for the first quarter was CNY 84,015.88, compared to a total comprehensive loss of CNY 10,655,463.76 in the same period last year[48] Assets and Liabilities - Total assets decreased by 6.82% to ¥1,657,915,685.59 from ¥1,779,169,092.99 at the end of the previous year[8] - The company's total assets decreased from CNY 1,780,538,569.74 to CNY 1,651,066,531.61[39] - The total liabilities decreased from CNY 950,086,177.70 at the end of 2020 to CNY 827,029,494.54 by March 31, 2021, a reduction of about 13%[36] - The total liabilities decreased from CNY 947,907,970.39 to CNY 817,466,096.57[39] - The company's total equity increased slightly from CNY 829,082,915.29 at the end of 2020 to CNY 830,886,191.05 by March 31, 2021, indicating a marginal growth of about 0.2%[36] - The total equity increased slightly from CNY 832,630,599.35 to CNY 833,600,435.04[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,650[11] - Major shareholder Li Suhua holds 31.64% of the shares, with 37,064,775 shares pledged[11] Cash Flow and Financing Activities - The company's cash and cash equivalents decreased by 71.01% to ¥42,080,946.49 from ¥145,136,979.83 due to increased loan repayments compared to the previous year[15] - The company reported a cash and cash equivalents balance of CNY 19,447,939.17 at the end of the quarter, down from CNY 138,773,146.46 at the end of the previous year[52] - Cash inflow from financing activities totaled 70,000,000.00, compared to 143,704,327.31 in the same period last year[55] - The net cash flow from financing activities was -47,829,365.36, a decrease from 90,893,937.19 year-over-year[55] - The cash outflow for financing activities, including debt repayment, was 117,829,365.36, compared to 52,810,390.12 last year[55] - The cash inflow from borrowing was 70,000,000.00, down from 140,000,000.00 in the previous year[55] - The cash outflow for dividends and interest payments was 2,915,415.36, slightly up from 2,810,390.12 year-over-year[55] - The net increase in cash and cash equivalents was -87,402,643.04, compared to an increase of 7,713,418.81 in the previous year[55] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming quarters[44] - The company did not undergo an audit for the first quarter report[57] - The company has not applied the new leasing standards for the current year[56] - The company reported no instances of entrusted financial management during the reporting period[26] - There were no violations regarding external guarantees during the reporting period[27] - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28]

Financial Performance - Operating revenue for the reporting period was ¥375,868,226.56, representing a 50.32% increase compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was ¥7,987,919.55, a decrease of 7.83% year-on-year[7]. - Net profit after deducting non-recurring gains and losses was ¥7,909,785.08, down 9.99% compared to the same period last year[7]. - Basic earnings per share were ¥0.0611, down 14.31% compared to the same period last year[7]. - The weighted average return on net assets was 1.04%, a decrease of 0.26% year-on-year[7]. - The company reported a significant increase in prepayments, which rose to RMB 32,686,876.02 from RMB 15,947,474.99, marking an increase of about 104.5%[34]. - The net profit for Q3 2020 was CNY 7,987,919.55, compared to CNY 8,666,820.09 in the same period last year, reflecting a decrease of approximately 7.8%[45]. - The total profit for Q3 2020 was CNY 10,581,030.00, down from CNY 11,713,079.85 in the previous year, indicating a decline of about 9.7%[44]. - The company's operating revenue for Q3 2020 was CNY 375,601,125.48, an increase from CNY 250,038,730.32 in the previous period[47]. - The company's operating profit for the first three quarters was CNY 18.68 million, down 31.5% from CNY 27.17 million in the previous year[55]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,749,083,752.51, an increase of 13.36% compared to the previous year[7]. - Net assets attributable to shareholders of the listed company amounted to ¥823,018,413.97, reflecting a growth of 27.74% year-on-year[7]. - The balance of contract assets was ¥224,056,128.81, reflecting a 100% increase, as projects previously classified as inventory are now reported under contract assets due to the new revenue recognition standards[15]. - The balance of contract liabilities was ¥23,116,332.87, a 100% increase, resulting from the reclassification of previously received advance payments under the new revenue recognition standards[15]. - Total liabilities as of September 30, 2020, were CNY 928,187,616.03, compared to CNY 901,851,055.15 at the end of 2019, indicating a slight increase in leverage[40]. - Total current liabilities increased to CNY 897,741,061.13, up from CNY 861,110,590.62, reflecting an increase of CNY 36,630,470.51[68]. - Total equity attributable to shareholders rose to CNY 644,273,519.20, an increase of CNY 6,610,512.33 from CNY 637,663,006.87[69]. Cash Flow - The net cash flow from operating activities was -¥48,684,951.94, a decline of 12.18% year-on-year[7]. - The net cash flow from operating activities was -¥161,492,770.02, a decrease of 65.86% year-on-year, mainly due to increased operational expenditures[16]. - Operating cash flow for the period was negative at -159,997,022.51 RMB, compared to -91,863,621.27 RMB in the previous period, indicating a decline in operational efficiency[62]. - The cash flow from operating activities showed a concerning trend with a net outflow, which may impact future operational strategies[62]. - The net cash flow from investment activities was negative at -748,925.25 RMB, slightly worse than -650,159.31 RMB in the previous period, indicating ongoing investment challenges[61]. - The net cash flow from financing activities was 244,858,204.76 RMB, a significant increase from 28,105,392.80 RMB, suggesting effective capital management[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,214[11]. - The company raised a total of ¥181,999,850.24 from a private placement of 13,704,808 shares at ¥13.28 per share, with a net amount of ¥174,253,923.46 after deducting issuance costs[17]. - The company’s capital reserve increased by 55.76% to ¥448,494,386.62, driven by funds raised from the private placement[15]. - The company has shown a significant increase in capital reserves, rising to CNY 448,494,386.62 from CNY 287,945,271.16 year-on-year, indicating a strengthening of financial stability[40]. Operational Efficiency - The company reported a 33.28% increase in operating costs, totaling ¥700,374,392.97, due to higher revenue compared to the same period last year[16]. - Financial expenses increased by 54.95% to ¥7,497,672.31, primarily due to higher loan interest expenses[16]. - The total operating costs for Q3 2020 were CNY 344,748,107.13, compared to CNY 224,513,208.72 in the previous year, indicating an increase of about 53.4%[47]. - The company incurred a credit impairment loss of CNY -1,182,950.16, compared to a gain of CNY 1,872,338.00 in the previous year[48]. - The company reported a credit impairment loss of CNY 14.84 million, compared to CNY 7.36 million in the previous year[55]. Strategic Focus - The company plans to focus on market expansion and new product development to improve future performance[60]. - The company has not engaged in any securities or derivative investments during the reporting period[21][22]. - The company has no significant litigation or non-compliance issues reported during the period[20].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 403.52 million, representing a 12.71% increase compared to CNY 358.00 million in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 78.98% to CNY 2.43 million, down from CNY 11.57 million in the previous year[17]. - The basic earnings per share dropped by 78.97% to CNY 0.0200, compared to CNY 0.0951 in the previous year[17]. - Operating costs rose to CNY 354.36 million, reflecting an 18.07% increase compared to the previous year[37]. - The total profit for the first half of 2020 was CNY 4,487,151.29, a decrease of 70.8% compared to CNY 15,393,279.79 in the first half of 2019[145]. - The company's total comprehensive income for the first half of 2020 was CNY 2,431,854.10, down from CNY 11,568,607.43 in the same period of 2019[143]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -112.81 million, a decline of 169.03% compared to CNY -41.93 million in the same period last year[17]. - Cash inflow from financing activities amounted to 299,900,000.00 yuan, primarily from loans, compared to 60,000,000.00 yuan in the previous year[151]. - The total cash inflow from operating activities was 387,428,431.04 yuan, while cash outflow was 498,840,172.79 yuan, resulting in a net cash outflow of 111,411,741.75 yuan[154]. - The company's cash and cash equivalents decreased by 19.03% to CNY -49.20 million during the reporting period[38]. - The total cash and cash equivalents at the end of the period were 82,916,249.68 yuan, down from 139,199,514.16 yuan at the beginning of the period[154]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.55 billion, a slight increase of 0.44% from CNY 1.54 billion at the end of the previous year[17]. - The total liabilities as of June 30, 2020, were CNY 910,077,351.02, an increase from CNY 901,851,055.15 at the end of 2019[139]. - The company's accounts receivable increased by 44.71% compared to the beginning of the period, mainly due to an increase in customer payments in the form of bills[27]. - The company's inventory grew by 58.13% compared to the beginning of the period, primarily due to increased material demand for new and expedited projects[27]. - The company's total liabilities decreased to 3,429,430 from 4,046,700 in the previous period, indicating a reduction in financial obligations[163]. Business Operations and Strategy - The main business focus includes architectural decoration, curtain wall construction, and mechanical and electrical installation services for large clients such as government agencies and high-end hotels[24]. - The company emphasizes a self-operated business model, primarily acquiring projects through bidding and business negotiations[24]. - The company has developed 18 provincial construction methods and holds 19 national patents, showcasing its commitment to innovation in the industry[24]. - The company has expanded its business coverage to multiple regions including Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Sichuan, Hainan, Shandong, Shaanxi, and Jiangxi[30]. - The company plans to strengthen cash flow management and enhance project evaluation to mitigate financial pressures from extended project settlement cycles[70]. Market and Competitive Environment - The construction decoration industry is facing risks from macroeconomic fluctuations, which could lead to project delays and reduced investment in fixed assets[68]. - The company has identified risks related to market competition, with a low industry concentration where the top five companies account for only 1.44% of the market share[68]. - The company is committed to enhancing its competitive advantages in technology innovation, project management, and brand image to better adapt to market changes[71]. Legal and Compliance - The company is involved in significant litigation, with a claim amount of CNY 3,561.99 million against Kunming Luosiwang Investment Co., Ltd. for delayed payment of project funds[80]. - The first-instance judgment in the lawsuit against Luosiwang supported the company's claims, with the court ordering Luosiwang to pay the project funds[81]. - The company has not encountered any significant changes in the feasibility of the projects, ensuring alignment with long-term strategic goals[59]. - There were no significant litigation disclosures during the reporting period[82]. Shareholder and Capital Structure - The company completed a non-public offering of 13,704,808 shares at a price of RMB 13.28 per share, raising a total of RMB 181,999,850.24, with a net amount of RMB 174,253,923.46 after deducting issuance costs[104]. - As of June 30, 2020, the controlling shareholder, Mr. Li Suhua, held 62,039,040 shares, representing 51.02% of the total shares, with 55,408,000 shares pledged[109]. - The company’s limited sale shares decreased from 91,200,000 to 68,400,000, a reduction of 22,800,000 shares, which is a 25% decrease[108]. - The company has not made any commitments related to equity incentives during the reporting period[77]. Risk Management - The company has implemented measures to improve accounts receivable management to mitigate the risk of bad debts due to long settlement cycles[70]. - The company is facing challenges from rising raw material and labor costs, which could impact operational efficiency[69]. - The company has not identified any factors affecting its ability to continue as a going concern for the next 12 months[171].

Financial Performance - The company's operating revenue for Q1 2020 was ¥66,713,182.97, a decrease of 48.75% compared to ¥130,166,560.53 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥11,642,225.52, representing a decline of 408.24% from a profit of ¥3,776,989.16 in the previous year[7] - The net cash flow from operating activities was negative at ¥84,900,754.44, a decrease of 593.41% compared to ¥17,206,815.18 in the same period last year[7] - Basic and diluted earnings per share were both -¥0.09, down 400.00% from ¥0.03 in the previous year[7] - The company's operating revenue decreased by 48.75% to CNY 66,713,182.97 from CNY 130,166,560.53, primarily due to the impact of the COVID-19 pandemic[14] - The company's profit margin turned negative with an operating profit of CNY -15,351,732.92, a decline of 404.06% compared to CNY 5,048,913.11 in the previous period[14] - The company reported a total profit loss of CNY 15,311,739.57 for the first quarter, compared to a profit of CNY 5,044,667.48 in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,499,011,688.33, a decrease of 2.85% from ¥1,542,986,018.86 at the end of the previous year[7] - The net assets attributable to shareholders decreased to ¥632,273,273.77, down 1.86% from ¥644,273,519.20 at the end of the previous year[7] - Current assets totaled CNY 1,347,398,213.91, down from CNY 1,388,577,559.24 at the end of 2019[30] - Total liabilities amounted to CNY 871,688,289.91, down from CNY 901,851,055.15[33] - Owner's equity decreased to CNY 633,361,407.16 from CNY 644,374,843.63, a decline of approximately 1.6%[33] Cash Flow - The cash received from sales of goods and services decreased by 34.09% to CNY 175,028,564.88 from CNY 265,569,203.70, attributed to reduced cash inflows from project payments due to the pandemic[14] - The total cash outflow from operating activities was 260,004,837.64 RMB, slightly higher than 250,675,663.35 RMB in the previous period[45] - The total cash inflow from financing activities was 143,704,327.31 RMB, compared to 5,701,135.09 RMB in the previous period, indicating a substantial increase[46] - The cash flow from financing activities netted 90,893,937.19 RMB, a significant increase from 3,532,255.98 RMB in the previous period[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,298[10] - The largest shareholder, Li Suhua, holds 51.02% of the shares, amounting to 62,039,040 shares, with 46,529,280 shares pledged[10] Government Support and Other Activities - The company received government subsidies amounting to ¥78,960.05 during the reporting period[8] - The company has made progress on its non-public stock issuance plan, with relevant meetings held to adjust the issuance proposal[16] - The company is involved in a significant litigation case regarding a contract dispute, with the Supreme Court currently reviewing the case[16] Financial Ratios and Expenses - The weighted average return on net assets was -1.86%, a decline of 2.43% compared to 0.57% in the previous year[7] - The company's financial expenses rose by 66.24% to CNY 2,257,106.06 from CNY 1,357,712.99, primarily due to increased interest expenses[14] - Credit impairment losses for the first quarter were CNY -6,787,060.89, indicating a significant increase in credit risk[41] Employee Compensation - The company reported a decrease in employee compensation payable to CNY 9,865,050.59 from CNY 11,725,323.91, a decline of approximately 15.8%[32]

Financial Performance - The company's operating revenue for 2019 was ¥910,519,039.17, a decrease of 4.81% compared to ¥956,513,231.65 in 2018[16] - The net profit attributable to shareholders was -¥17,833,663.14, representing a decline of 167.24% from ¥26,522,710.53 in the previous year[16] - The basic earnings per share were -¥0.15, down 168.18% from ¥0.22 in 2018[16] - The net profit attributable to the parent company was -¥1,783,370, which represents a decline of 167.24% year-on-year[45] - The revenue from the decoration and renovation segment was ¥843,955,861.89, accounting for 92.69% of total revenue, with a year-on-year decrease of 10.78%[49] - The company achieved a gross margin of 10.18% in the decoration and renovation segment, down from the previous year by 2.54%[52] - The company reported a significant decline in revenue from residential renovation, which fell by 65.16% year-on-year to ¥76,411,413.69[49] - The company reported a gross profit margin of 60% for the year 2019, indicating strong profitability in its operations[112] - The total revenue for 2019 reached 1.2 billion RMB, representing a year-on-year growth of 15%[113] Cash Flow and Investments - The net cash flow from operating activities improved to -¥24,505,139.26, a significant increase of 90.99% compared to -¥272,074,264.48 in 2018[16] - The company reported a significant increase in operating cash inflow, totaling approximately 938.70 million CNY, representing a 25.47% increase compared to 2018[68] - The company’s investment activities saw a cash outflow of approximately 67.01 million CNY, a 376.33% increase compared to the previous year[69] - The company made a significant long-term equity investment of ¥59,615,685.51 in Guangdong Wanxiang Weijing Construction Development Co., Ltd., marking a 3.86% increase in long-term equity investments[71] - The company utilized idle raised funds of CNY 115 million to temporarily supplement working capital, with a total of CNY 54 million used by the end of 2017 and CNY 45 million used by the end of 2018[89] Assets and Liabilities - Total assets at the end of 2019 were ¥1,542,986,018.86, an increase of 6.63% from ¥1,447,111,366.85 at the end of 2018[16] - The net assets attributable to shareholders decreased by 2.65% to ¥644,273,519.20 from ¥661,779,304.46 in 2018[17] - Cash and cash equivalents decreased by 30.45% compared to the beginning of the period, mainly due to payments for equity investments and increased use of raised funds[35] - Accounts receivable stood at ¥879,295,667.25, with a slight decrease of 0.41% compared to the previous period[71] - Short-term borrowings increased to ¥230,171,210.67, reflecting a rise of 1.10% due to additional bank loans taken during the period[71] Market and Industry Insights - The construction decoration industry in China has seen a compound annual growth rate of 8.99% from 2011 to 2017, indicating a robust market potential[28] - The total fixed asset investment in China for 2019 was CNY 551.48 billion, reflecting a growth of 5.4% compared to the previous year, which supports the construction sector's stability[28] - The ongoing urbanization process in China is projected to continue driving demand for construction decoration services, with significant growth opportunities ahead[30] - The company has been recognized as one of the top 100 enterprises in the construction decoration industry, maintaining a stable ranking[29] Innovation and Development - The company has developed 18 provincial construction methods and holds 15 national patents, showcasing its commitment to innovation in the construction industry[26] - The company is focusing on technological innovation and has set up a research institute to explore new construction techniques and applications[44] - The company aims to strengthen technical research and innovation, focusing on BIM and prefabricated construction technologies to improve operational efficiency[99] Risk Management - The company faces potential risks in its future operations as outlined in the report[4] - The company faces risks related to macroeconomic fluctuations, market competition, rising raw material and labor costs, and accounts receivable recovery[101][102] - The company plans to strengthen cash flow management and risk prevention measures due to low net cash flow from operating activities[103] - The company is committed to improving its comprehensive risk management and internal control systems to enhance its risk resistance capabilities[104] Corporate Governance and Compliance - The company has maintained its leading position in the industry, being recognized as one of the top 100 enterprises in China's construction decoration and curtain wall sectors[32] - The company has received multiple quality management certifications, including ISO9001 and GB/T50430, ensuring strict adherence to national and industry standards[33] - The company emphasizes investor rights protection and maintains a stable profit distribution policy[140] - The company has established a reasonable salary and welfare system for employees, ensuring compliance with labor laws[141] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,600, an increase from 12,298 at the end of the previous month[159] - The largest shareholder, Li Suhua, holds 51.02% of the shares, totaling 62,039,040 shares, with no changes during the reporting period[159] - The company has a total of 121,608,000 shares, with 75% being limited shares and 25% being unrestricted shares[157] Employee and Management Insights - The company employed a total of 652 staff, including 629 in the parent company and 11 in major subsidiaries[191] - The management team includes individuals with significant experience in the decoration and construction industry, which is expected to drive future growth[179] - The company has established a performance evaluation system to ensure controllable remuneration based on job value, work ability, and performance contribution[192] Legal Matters - The company is involved in significant litigation, including a case against Kunming Luoshu Bay for 35.62 million RMB related to delayed payments[121] - The company has also initiated legal proceedings against Jiangxi Longsheng Industrial for 1.19 million RMB, with a favorable ruling received[122] - The company reported a total of 21 litigation and arbitration cases, with a total amount involved of 2,606.94 million yuan[123]

深圳市美芝装饰设计工程股份有限公司 2019 年第三季度报告全文 深圳市美芝装饰设计工程股份有限公司 2019 年第三季度报告 2019 年 10 月 1 深圳市美芝装饰设计工程股份有限公司 2019 年第三季度报告全文 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。 深圳市美芝装饰设计工程股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨水森、主管会计工作负责人李仕雄及会计机构负责人(会计主 管人员)李仕雄声明：保证季度报告中财务报表的真实、准确、完整。 2 3 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） | 1,465,906,805.27 | | 1,447,111,366.85 | 1.30% | | 归属于上市公 ...