深圳市美芝装饰设计工程股份有限公司 深圳市美芝装饰设计工程股份有限公司 2022 年第三季度报告 证券代码：002856 证券简称：美芝股份 公告编号：2022-086 2022 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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 深圳市美芝装饰设计工程股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 396,415,585 ...

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 737,986,035.13, representing a 112.41% increase compared to RMB 347,434,306.14 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was RMB 3,722,063.25, a significant turnaround from a loss of RMB 13,117,002.94 in the previous year, marking a 128.38% improvement[22]. - The basic earnings per share improved to RMB 0.0275 from a loss of RMB 0.0969, reflecting a 128.38% increase[22]. - The net profit after deducting non-recurring gains and losses was RMB 3,544,297.87, compared to a loss of RMB 13,303,276.95 in the previous year, representing a 126.64% increase[22]. - The company's total assets at the end of the reporting period were RMB 2,007,746,596.29, an increase of 25.36% from RMB 1,601,546,141.88 at the end of the previous year[22]. - The total liabilities increased to CNY 1,332,886,343.28, up from CNY 936,084,661.68, representing a growth of about 42.3%[146]. - The total equity rose to ¥675,618,711.07 in the first half of 2022, compared to ¥663,805,069.86 in the same period of 2021, indicating a growth of 1.3%[152]. Cash Flow and Investments - The net cash flow from operating activities was negative at RMB -194,905,054.78, worsening by 313.27% compared to RMB -47,161,592.56 in the same period last year[22]. - The net cash flow from investing activities was -¥53,548,900.00, a decrease of 506.29% from ¥13,180,004.74, primarily due to new investments in "Guangdong Yingju Construction Engineering Co., Ltd."[44]. - The net cash flow from financing activities increased significantly to ¥273,478,289.69, a rise of 569.43% from -¥58,257,629.36, mainly due to increased borrowings[44]. - The cash inflow from financing activities totaled 333,719,071.00 CNY, while cash outflow was 58,821,549.35 CNY, resulting in a net cash flow of 274,897,521.65 CNY from financing activities[164]. Operational Highlights - The company operates with a self-managed model, focusing on public building decoration, residential renovation, and curtain wall decoration[32]. - The company has developed 20 provincial construction methods and holds 25 national patents, showcasing its commitment to innovation[31]. - The company has received multiple prestigious awards, including the "China Construction Engineering Luban Award" and "National Building Decoration Award," enhancing its market reputation[35]. - The company emphasizes quality management, adhering to ISO9001 and other international standards, ensuring high construction quality[33]. - The company has a strong focus on technological innovation, improving construction quality and efficiency through research and development[37]. Shareholder and Equity Information - The company plans to issue up to 40,593,842 A shares, raising a total of no more than RMB 200 million[120]. - The largest shareholder, Shenzhen Shanhui Investment Management, holds 29.99% of the total shares, amounting to 40,580,300 shares[130]. - The total number of ordinary shareholders at the end of the reporting period was 11,870[130]. - The total number of restricted shares decreased from 37,739,775 to 28,308,525, representing a reduction of approximately 25.1%[128]. Risk Factors - The company faces significant risks from macroeconomic fluctuations, which could impact overall industry demand and subsequently affect its operating performance[72]. - The construction industry is experiencing rising raw material prices and labor costs, which could lead to reduced project profits or even losses, affecting the company's performance[73]. - The company is actively addressing the risk of accounts receivable bad debts, which are high due to the nature of the industry, by enhancing collection efforts and improving credit management[74]. Compliance and Governance - The company established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team to ensure effective decision-making and oversight[86]. - The company has not faced any significant legal issues or non-compliance matters during the reporting period, ensuring a stable operational environment[96]. - The company does not belong to the category of key pollutant discharge units and has complied with environmental regulations, although it faced minor penalties for noise pollution during construction[84]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[178]. - The company aims to enhance the effectiveness of its fundraising investments through improved project implementation quality[63]. - The company is focusing on research and development of new products, which is expected to drive future growth[164].

Financial Performance - The company's operating revenue for 2021 was ¥587,913,089.53, a decrease of 52.91% compared to ¥1,248,532,270.67 in 2020[20] - The net profit attributable to shareholders for 2021 was -¥161,151,687.99, representing a decline of 1,146.01% from ¥15,406,266.36 in the previous year[20] - The basic earnings per share for 2021 was -¥1.19, a decrease of 1,091.67% from ¥0.12 in 2020[20] - The weighted average return on equity was -21.52%, down 23.67 percentage points from 2.15% in the previous year[20] - The total assets at the end of 2021 were ¥1,601,546,141.88, a decrease of 9.98% from ¥1,779,169,092.99 at the end of 2020[21] - The net assets attributable to shareholders decreased by 19.74% to ¥665,461,480.20 from ¥829,082,915.29 at the end of 2020[21] - The company reported a significant decline in both revenue and profit, indicating challenges in its operational performance[20] - The company has acknowledged uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[21] Cash Flow and Investments - The net cash flow from operating activities was -¥55,923,330.95, an improvement of 14.90% compared to -¥65,711,436.89 in 2020[20] - The net cash flow from investment activities increased significantly by 165.88% to ¥11,587,891.64, mainly due to the recovery of last year's fixed deposits[67] - The net increase in cash and cash equivalents was a decrease of ¥43,060,600.15, representing a decline of 68.69% compared to the previous year[67] - The company has a significant amount of unfinished projects valued at ¥390.76 million, with ¥274.17 million remaining uncompleted[56] Revenue Breakdown - The revenue from decoration and renovation accounted for 94.98% of total revenue, amounting to ¥558.38 million, down 51.64% from the previous year[49] - Public decoration revenue accounted for 63.88% of total revenue, totaling ¥375.57 million, down 46.36% year-over-year[53] - Residential decoration revenue was ¥72.78 million, representing 12.38% of total revenue, with a significant decline of 74.47% compared to the previous year[53] - The gross profit margin for the decoration and renovation segment decreased to -16.71%, down 25.53% year-over-year[53] Market and Industry Position - The construction decoration industry in China is projected to reach a total output value of ¥5.48 trillion in 2022, indicating ongoing market growth[30] - The company was recognized as one of the top 100 enterprises in the Chinese construction decoration industry, maintaining a stable industry ranking[31] - The company has developed 20 provincial construction methods and holds 23 national patents, showcasing its commitment to innovation in the industry[33] Awards and Recognition - The company has achieved several awards for project quality, including 1 national award and 4 provincial awards during the reporting period[34] - The company was awarded 3 national engineering awards and 4 provincial-level awards for its quality projects during the year[47] Strategic Plans and Future Outlook - The company plans to achieve an annual operating performance target of 2 billion RMB for 2022, focusing on market expansion and maintaining stable market share in key sectors[92] - The company aims to enhance its core competitiveness through continuous technological research and innovation, aligning with the national "14th Five-Year Plan" for the digital era[93] - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[188] Governance and Compliance - The company is committed to maintaining a robust corporate governance structure, adhering to legal regulations, and ensuring equal treatment of all shareholders during meetings[101] - The company has established rules for shareholder meetings to ensure transparency and proper documentation of proceedings, enhancing shareholder rights and participation[102] - The company adheres to strict information disclosure regulations, ensuring timely and accurate reporting[109] Employee and Management Structure - The total number of employees at the end of the reporting period was 554, with 287 in production, 49 in sales, 109 in technical roles, 18 in finance, and 91 in administration[158] - The company has developed a training plan focusing on corporate culture, job skills, and management skills to support employee professional growth[160] - The company has a performance evaluation system that adheres to principles of fairness and transparency in employee compensation[176] Risk Management - The company faces macroeconomic risks, including potential impacts from economic contraction and supply shocks, which could affect overall industry demand and operational performance[95] - The company is addressing safety production risks by reinforcing safety education, quantifying safety hazard inspections, and ensuring strict accountability for safety responsibilities[96] - The company is actively responding to uncertainties related to the COVID-19 pandemic by ensuring employee health and complying with government requirements for project safety[97] Social Responsibility - The company actively participated in social welfare initiatives, including supporting the construction of emergency facilities during the COVID-19 pandemic and donating protective materials[180] - The company has received recognition as an "Advanced Unit in Fighting COVID-19" for its contributions during the pandemic[180]

Financial Performance - The company's revenue for Q1 2022 was CNY 176,316,264.86, a decrease of 8.85% compared to CNY 193,441,058.82 in the same period last year[3] - Net profit attributable to shareholders was CNY 372,522.44, down 59.40% from CNY 917,455.95 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 176,316,264.86, a decrease of 8.7% compared to CNY 193,441,058.82 in the same period last year[19] - Net profit attributable to the parent company for Q1 2022 was CNY 372,522.44, a decline of 59.4% from CNY 917,455.95 in Q1 2021[21] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0028, down from CNY 0.0068 in the previous year, representing a decrease of 58.8%[21] Cash Flow - The net cash flow from operating activities was negative CNY 81,112,071.86, a decline of 46.39% compared to negative CNY 55,408,397.57 in the previous year[3] - The net cash flow from investing activities was -53,442,306.08 CNY, indicating a significant outflow compared to the previous period's inflow of 15,608,748.71 CNY[25] - The total cash inflow from financing activities amounted to 233,719,071.00 CNY, a substantial increase from 70,000,000.00 CNY in the prior period[25] - The net cash flow from financing activities was 204,945,281.62 CNY, contrasting with a negative cash flow of -47,829,365.36 CNY previously[25] - The cash and cash equivalents at the end of the period totaled 134,390,463.84 CNY, up from 63,999,560.16 CNY at the beginning of the period[25] Assets and Liabilities - Total assets increased by 7.67% to CNY 1,724,444,658.00 from CNY 1,601,546,141.88 at the end of the previous year[3] - The company’s total liabilities reached CNY 1,058,687,787.85, an increase from CNY 936,084,661.68, reflecting a growth of 13.1%[20] - The company’s current liabilities rose to RMB 1,022,836,485.08 from RMB 900,053,568.69, an increase of about 13.6%[16] - The company’s long-term equity investments increased significantly to RMB 109,565,944.43 from RMB 56,466,375.01, reflecting a growth of approximately 94%[16] Operational Metrics - The net cash flow from operating activities for Q1 2022 was negative CNY 81,112,071.86, worsening from negative CNY 55,408,397.57 in the previous year[24] - The company reported a decrease in sales revenue from goods and services, receiving CNY 168,852,490.52 in cash compared to CNY 197,370,608.15 in the prior year[24] - Total operating costs for Q1 2022 were CNY 184,918,293.89, down from CNY 194,188,016.68, reflecting a reduction of 4.4%[19] Shareholder Activity - Shareholder Li Suhua reduced his stake from 27.40% to 22.41%, selling 6,750,000 shares, which is 4.99% of the total share capital[12] Other Financial Information - The company had no non-recurring gains or losses during the reporting period[4] - Research and development expenses for Q1 2022 were reported as CNY 0.00, indicating no investment in R&D during this period[20] - Financial expenses increased to CNY 4,201,969.98 in Q1 2022, compared to CNY 2,672,769.91 in the same period last year, marking a rise of 57.1%[20] - The company reported a significant increase in cash and cash equivalents, rising by 93.60% to CNY 139,645,186.33 due to bank loans and project payments received[5] - Prepayments surged by 347.49% to CNY 15,518,601.58, primarily due to increased advance payments for project materials[5] - Short-term borrowings increased by 274.35% to CNY 213,716,071.00, reflecting new bank loans taken during the period[5] - The company reported a 64.73% increase in credit impairment losses to CNY 12,007,798.53, attributed to increased receivables and other bad debts[5] - The company is actively pursuing the approval process for the private placement of shares with the China Securities Regulatory Commission[11] - The company did not undergo an audit for the first quarter report[26]

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].