Financial Performance - The company's revenue for Q1 2022 was ¥43,203,121.69, a decrease of 66.97% compared to ¥130,815,990.62 in the same period last year[2] - Net profit attributable to shareholders was ¥957,776.85, down 97.44% from ¥37,344,024.90 year-on-year[2] - The net cash flow from operating activities was -¥11,617,898.99, a decline of 112.79% compared to ¥90,832,982.07 in the previous year[2] - Total operating revenue for Q1 2022 was CNY 43,203,121.69, a decrease of 66.9% compared to CNY 130,815,990.62 in the same period last year[15] - Net profit for Q1 2022 was CNY 650,846.38, a significant decline from CNY 37,344,024.90 in Q1 2021[17] - The company reported a comprehensive income total of CNY -44,220,171.68 for Q1 2022, compared to CNY 63,922,578.44 in the previous year[18] - The company reported a significant decrease in sales revenue due to a reduction in cigarette label sales, contributing to a 66.97% drop in revenue[5] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,694,156,928.14, a decrease of 5.21% from ¥1,787,294,816.25 at the end of the previous year[2] - The total assets decreased to CNY 1,694,156,928.14 from CNY 1,787,294,816.25, reflecting a decline of 5.2%[14] - Total liabilities decreased to CNY 121,494,665.25 from CNY 170,412,381.68, a reduction of 28.7%[14] - The equity attributable to shareholders of the parent company was CNY 1,563,926,448.54, down from CNY 1,607,839,689.75, a decrease of 2.7%[14] Cash Flow - The cash flow from investment activities was ¥13,225,316.46, a significant improvement compared to -¥276,863,335.51 in the previous year, due to reduced expenditures on structured deposits[6] - The net cash flow from investment activities improved to 13,225,316.46 CNY, compared to a negative 276,863,335.51 CNY in the same period last year[21] - Cash received from sales of goods and services was CNY 58,147,616.52, a decrease from CNY 193,614,615.10 in the same period last year[19] - The company reported a total cash outflow from operating activities of 71,322,393.65 CNY, compared to 108,222,480.57 CNY in the previous year[21] - The ending balance of cash and cash equivalents was 305,595,325.81 CNY, compared to 165,591,201.62 CNY at the end of the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 24,707[7] - The largest shareholder, Caishi Group Limited, holds 65.84% of the shares, totaling 266,666,667 shares[7] - The second-largest shareholder, Shenzhen Qianhai Caishi Investment Management Co., Ltd., holds 16.46% of the shares, totaling 66,666,667 shares, with 50,600,000 shares pledged[7] Investment and Expenditures - Investment income increased by 464.53% to ¥1,008,061.72, attributed to the redemption of structured deposits[5] - The company experienced a decrease in research and development expenses by 36.93% to ¥1,857,783.47, indicating reduced spending in this area[5] - As of March 31, 2022, the total investment in the Hunan production base amounts to 368.99 million RMB, with 58.63 million RMB from self-owned funds and 310.37 million RMB from raised funds[9] - The company has decided to cease its cigarette label printing business due to significant market changes and is currently developing a feasible adjustment plan for the raised funds[9] - The company is in the early stages of researching and verifying the implementation plan for the adjustment of the raised funds[9] Tax and Expenses - The company reported a 95.40% decrease in income tax expenses to ¥302,331.71, reflecting a reduction in total profit[6] - Cash paid for purchasing goods and services was 48,265,041.49 CNY, down from 67,631,897.64 CNY year-over-year[21] Audit and Compliance - The company did not conduct an audit for the first quarter report[23] - The cash flow from operating activities showed a significant decline, indicating potential challenges in operational efficiency[21]

Financial Performance - The company's operating revenue for 2021 was ¥386,991,754.17, a decrease of 39.48% compared to ¥639,429,048.77 in 2020[19] - The net profit attributable to shareholders for 2021 was ¥55,736,547.23, down 70.54% from ¥189,182,249.82 in 2020[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,550,955.80, a decline of 73.05% from ¥180,118,829.02 in 2020[19] - The net cash flow from operating activities was ¥142,521,692.10, a decrease of 46.30% compared to ¥265,426,306.55 in 2020[19] - Basic earnings per share for 2021 were ¥0.14, down 70.21% from ¥0.47 in 2020[19] - The weighted average return on net assets was 3.70%, a decrease of 10.22% from 13.92% in 2020[19] - The company reported a net profit of CNY 125,638,350.58 for the year 2021, with a legal surplus reserve of CNY 12,563,835.06 deducted[142] - The total cash dividend distributed was CNY 20,250,000.00, representing 100% of the total profit distribution amount[140] - The cash dividend per 10 shares was CNY 0.50 (including tax), based on a total share capital of 405,000,000 shares[142] - The company's available profit for distribution as of December 31, 2021, was CNY 189,124,326.75[142] Revenue Breakdown - Revenue from cigarette labels was ¥358,054,868.99, accounting for 92.52% of total revenue, down 41.96% from ¥616,932,691.97 in 2020[42] - The company achieved a gross margin of 33.37% in the packaging printing sector, which is a decrease of 5.91% year-on-year[44] - The production volume of packaging printing decreased by 42.65% to 54.31 million boxes in 2021 from 94.7 million boxes in 2020[46] - The Southwest region contributed ¥183,563,660.79, representing 47.43% of total revenue, with a year-on-year decrease of 7.26%[42] - The company reported a total revenue of 22.68 million yuan for the period, with a net loss of 1.71 million yuan[70] Investment and Capital Expenditure - The company has invested 64.14 million yuan in the Hunan production base project, with a cumulative investment of 351.18 million yuan[73] - The packaging printing production line expansion and technical transformation project has achieved an investment progress of 96.88%, with a total investment of 233.36 million yuan and 48.44 million yuan utilized[81] - The packaging materials production line technical transformation and expansion project has reached 100% of its investment target, with a total investment of 45.10 million yuan fully utilized[81] - The technology research and development center construction project has also achieved 100% investment completion, with a total investment of 68.90 million yuan fully utilized[81] - The company has reallocated part of the raised funds from previous projects to support the Hunan production base project, totaling 160.02 million yuan[82] Research and Development - Research and development expenses amounted to ¥10,435,261.45, a decrease of 5.18% compared to the previous year[52] - The company is focusing on the development of high-performance porous carbon materials for supercapacitors, aiming for a power output of 100 kW kg-1[54] - The company has completed the installation and debugging of a supercritical reaction platform for MXenes synthesis, enhancing its production capabilities[54] - The company aims to lead the commercialization of MXenes through breakthroughs in synthesis technology, establishing a competitive edge in the industry[54] - The company has invested 50 million yuan in R&D for new technologies aimed at improving production processes[119] Market Strategy and Operations - The company aims to expand its market share by continuously improving product quality and service offerings[35] - The company operates under a bidding system for its products, ensuring competitive pricing and adherence to client specifications[32] - The cigarette label printing industry is characterized by high entry barriers and stable demand, providing a favorable environment for the company's growth[29] - The company is focused on rapid response to customer needs for new product development, which is crucial for maintaining competitiveness in the tobacco market[37] - The company plans to enhance its online sales platform, aiming for a 40% increase in online sales by the end of 2022[120] Corporate Governance - The company has established a complete governance structure, including a board of supervisors that effectively supervises major matters and financial conditions[101] - The company has a transparent and structured performance evaluation and incentive mechanism for senior management, with salaries determined by the remuneration and assessment committee[101] - The company actively respects and protects the rights of all stakeholders, fulfilling its corporate social responsibility[102] - The company has implemented effective communication channels for investors, ensuring timely disclosure of significant matters[103] - The company has established a rigorous internal control self-assessment process, enhancing governance and risk management[130] Environmental Responsibility - The company emphasizes environmental protection and compliance with national standards for waste management and emissions in its production processes[93] - The company has established pollution prevention facilities that meet the emission standards for volatile organic compounds (VOCs) as per local regulations[152] - The company has implemented a comprehensive environmental monitoring system, ensuring all emissions are within regulatory limits[154] - The company has not faced any administrative penalties related to environmental issues during the reporting period[155] - The company promotes green production practices and encourages employees to adopt energy-saving behaviors[158] Shareholder Relations - The company ensures that minority shareholders have opportunities to express their opinions and that their rights are protected during profit distribution decisions[140] - The company has a proactive profit distribution policy, combining stock and cash dividends to reward shareholders[156] - The company reported a lock-up period extension of 6 months for shares held by directors and senior management after the initial public offering[164] - Shareholders are restricted from transferring more than 25% of their total shares directly or indirectly during their tenure as directors or senior management[168] - The company is committed to complying with regulations set by the China Securities Regulatory Commission regarding shareholding reductions[169]

Financial Performance - Revenue for Q3 2021 was ¥82,346,279.27, a decrease of 48.51% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥15,110,081.56, down 67.08% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥13,745,760.21, a decline of 67.92% compared to the previous year[2] - Basic earnings per share for Q3 2021 was ¥0.04, a decrease of 63.64% year-on-year[2] - Total operating revenue for Q3 2021 was CNY 304,979,732.47, a decrease of 29.9% compared to CNY 434,725,165.36 in the same period last year[20] - Net profit for Q3 2021 was CNY 54,625,606.19, a decline of 54.5% compared to CNY 120,329,540.38 in Q3 2020[21] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.14, down from CNY 0.30 in the same quarter last year[22] Cash Flow and Assets - Cash flow from operating activities for the year-to-date period was ¥124,690,451.59, down 49.39%[2] - The company reported a decrease in cash and cash equivalents from 417,019,973.37 CNY at the end of 2020 to 369,569,231.95 CNY by September 30, 2021[17] - The company's cash and cash equivalents were not explicitly detailed, but total current assets were CNY 642,164,773.31, down from CNY 722,015,910.32 year-over-year[19] - The ending balance of cash and cash equivalents was ¥238.72 million, down from ¥338.99 million, indicating a decrease of about 29.5%[25] - Cash inflow from investment activities increased to ¥572.63 million compared to ¥531.28 million in the previous period, showing a growth of about 7.8%[25] - Cash received from the recovery of investments was ¥566.80 million, up from ¥526.50 million, reflecting an increase of approximately 7.6%[25] - Cash paid for the purchase of fixed assets and intangible assets was ¥63.47 million, significantly lower than ¥177.18 million in the previous period, a decrease of about 64.1%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,265[8] - The largest shareholder, Caishi Group Limited, holds 65.84% of the shares, totaling 266,666,667 shares[8] - The equity attributable to shareholders at the end of the reporting period was ¥1,542,218,620.79, up 9.31% from the previous year[2] - The company’s total equity attributable to shareholders increased to CNY 1,542,218,620.79 from CNY 1,410,891,081.42, indicating a growth of 9.3%[19] Operational Changes - The decline in revenue and net profit was primarily due to reduced orders from Hunan Tobacco and Anhui Tobacco[6] - The company has decided to halt the construction of the Hunan Jinshi project due to significant market changes and is currently seeking better alternatives[11] - A new subsidiary, Shenzhen Jinshi Materials Technology Co., Ltd., has been established with an investment of 25.5 million CNY[12] Legal and Compliance Issues - The company is currently involved in a legal case regarding alleged bribery, which may impact future profits[14] - The company did not undergo an audit for the third quarter report[26] Investment and Liabilities - Total assets at the end of the reporting period were ¥1,752,344,084.65, an increase of 4.02% from the end of the previous year[2] - Total liabilities decreased to CNY 200,835,668.24 in Q3 2021 from CNY 273,790,962.68 in the same period last year, representing a reduction of 26.6%[19] - The company reported a total of ¥1,364,321.35 in non-recurring gains for the reporting period[4] - The actual net amount of raised funds is 390,308,876.37 CNY, with an increase of 16,400,613.69 CNY from interest and investment income[10] - The company has utilized a total of 338,605,710.36 CNY from the raised funds, with a remaining balance of 68,103,779.70 CNY[10] Return on Equity - The weighted average return on equity for the year-to-date period was 3.85%, down 5.14% from the previous year[2]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥222,633,453.20, a decrease of 18.99% compared to ¥274,805,925.56 in the same period last year[19]. - The net profit attributable to shareholders was ¥39,945,729.01, down 46.33% from ¥74,430,662.88 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥35,660,990.99, reflecting a decline of 51.80% compared to ¥73,983,608.54 in the previous year[19]. - Basic earnings per share were ¥0.10, down 44.44% from ¥0.18 in the previous year[19]. - The company's operating profit was ¥47,053,000.18, down 49.3% from ¥92,676,529.01 in the first half of 2020[148]. - The total comprehensive income for the first half of 2021 was 391.59 million, representing a decrease of 45.7% compared to the previous period[164]. - The net profit for the first half of 2021 was ¥39,881,337.72, representing a decline of 46.4% from ¥74,430,662.88 in the previous year[148]. - The company reported a net profit of 24.39 million yuan for the period, a decrease of 58.83% compared to the same period last year, primarily due to reduced sales from a major client[62]. Cash Flow and Assets - The net cash flow from operating activities was ¥105,761,735.56, a decrease of 14.49% from ¥123,685,200.52 in the same period last year[19]. - The company's cash and cash equivalents decreased to ¥350,834,546, representing 21.29% of total assets, down from 24.75%[45]. - The total assets at the end of the reporting period amounted to CNY 1,648,092,255.32, a decrease from CNY 1,684,682,044.10 at the end of 2020[139]. - Cash and cash equivalents at the end of the period were CNY 260,769,575.17, down from CNY 586,218,987.92 at the beginning of the period[158]. - The total cash inflow from operating activities was CNY 67,313,725.56, a decrease of 50.5% from CNY 135,907,819.34 in the previous year[159]. - The company reported a significant increase in asset impairment losses, which totaled ¥-23,011,896.99 compared to ¥-2,891,795.82 in the same period of 2020[148]. Revenue Breakdown - Revenue from cigarette labels was ¥204,838,842.16, accounting for 92.01% of total revenue, down 23.20% year-over-year[39]. - Revenue from laser transfer paper increased by 48.39% to ¥7,973,949.34, driven by increased customer orders[41]. - Revenue from other products surged by 261.30% to ¥9,820,661.70, attributed to increased material sales and processing fees[41]. - The gross profit margin for the packaging and printing industry was 37.72%, a decrease of 1.79% from the previous year[40]. - The company's main product, cigarette label printing, accounted for 96.13% of its main business revenue during the reporting period[63]. Operational Challenges and Risks - The company faced significant risks due to high customer concentration, with the top five clients contributing 88.52% of total revenue in the first half of 2021[63]. - The company is currently undergoing a temporary suspension and adjustment of operations at its facilities[56]. - The company faces risks from economic fluctuations and declining demand, which could adversely affect its revenue and profitability due to factors beyond its control[66]. - Regulatory risks from increased tobacco taxes and expanded smoking bans may impact cigarette sales, subsequently affecting the sales and prices of cigarette labels[66]. - The expansion of the e-cigarette market poses a risk to traditional tobacco demand, potentially impacting the company's sales and profits[69]. Strategic Initiatives - The company plans to adapt its business strategy by focusing on R&D innovation to create a competitive advantage and enhance customer loyalty[68]. - The company plans to continue optimizing production efficiency and reducing costs through technological innovation[64]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[166]. - The company plans to invest 30 million yuan in research and development for innovative solutions in the upcoming fiscal year[196]. Environmental and Regulatory Compliance - Sichuan Jinshi Technology Co., Ltd. is classified as a key pollutant discharge unit by the environmental protection department[82]. - The company has established pollution prevention facilities that meet the Sichuan Province's emission standards for VOCs[83]. - The company has conducted annual environmental monitoring through qualified third-party organizations, with all data meeting regulatory standards[85]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[86]. Shareholder and Capital Structure - The actual controller holds 82.30% of the company's shares, which may influence major decisions, potentially affecting the interests of public shareholders[73]. - The total number of shares is 405 million, with 82.30% being limited shares and 17.70% being unrestricted shares[121]. - The largest shareholder, Caishi Group Co., Ltd., holds a 65.84% stake in the company, with no changes in shareholding during the reporting period[125]. - The company has not distributed cash dividends or bonus shares for the half-year period, nor has it increased capital through public reserves[79]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% year-over-year[196]. - The company plans to expand its market presence and invest in new product development to drive future growth[166]. - The company is focusing on expanding its market presence and developing new technologies, although specific strategies were not disclosed in the provided documents[178].

Financial Performance - The company's operating revenue for Q1 2021 was ¥130,815,990.62, representing a 7.17% increase compared to ¥122,062,909.09 in the same period last year[8] - The net profit attributable to shareholders was ¥37,344,024.90, up by 5.80% from ¥35,298,024.49 year-on-year[8] - The total comprehensive income for Q1 2021 was CNY 63,922,578.44, significantly higher than CNY 35,298,024.49 in the previous year[49] - The total profit for Q1 2021 was CNY 43,911,735.19, compared to CNY 41,591,078.75 in the previous year, reflecting a growth of approximately 5.6%[49] - The company reported a gross profit margin of approximately 32.9% for Q1 2021, compared to 38.7% in the previous year[51] Cash Flow and Liquidity - The net cash flow from operating activities surged by 421.55%, reaching ¥90,832,982.07 compared to ¥17,415,983.16 in the previous year[8] - The cash flow from operating activities generated a net amount of CNY 90,832,982.07, a substantial increase from CNY 17,415,983.16 in the prior period[56] - Cash and cash equivalents decreased by 49.08% to ¥212.35 million due to investments in structured deposits and project expenditures[17] - The cash flow from operating activities was significantly impacted by a total cash outflow of 34,936,607.12 yuan, compared to 49,340,650.18 yuan in the previous period[59] - The company experienced a net decrease in cash and cash equivalents of -18,225,592.34 yuan during the period[60] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,724,010,392.74, a 2.33% increase from ¥1,684,682,044.10 at the end of the previous year[8] - The total assets increased from CNY 1,684,682,044.10 as of December 31, 2020, to CNY 1,724,010,392.74 as of March 31, 2021[37] - Total liabilities decreased to CNY 77,794,439.95 from CNY 57,575,239.77 year-on-year[44] - The company has a total of CNY 316,733,998.44 in trading financial assets as of March 31, 2021, compared to CNY 88,361,685.19 at the end of 2020[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,218[12] - The largest shareholder, Caishi Group Co., Ltd., held 65.84% of the shares, amounting to 266,666,667 shares[12] Research and Development - Research and development expenses rose by 44.23% to ¥2.95 million, reflecting increased investment in R&D[17] - Research and development expenses rose to CNY 2,945,499.14, compared to CNY 2,042,213.49 in the previous period[47] Investments and Future Plans - The company plans to establish a new subsidiary, Sichuan Jinshi New Energy Technology Co., Ltd., with an investment of ¥22.68 million to diversify its business[19] - The company has invested ¥332.46 million in the Hunan production base, with plans to adjust its business focus away from cigarette label printing[20] - The company has committed a total of CNY 40,086.38 million for various fundraising projects, with CNY 32,916.41 million cumulatively invested[26] Other Financial Metrics - The weighted average return on equity slightly decreased to 2.61% from 2.63% year-on-year[8] - The company reported non-recurring gains and losses totaling ¥1,607,554.83 for the period[9] - The company recorded other income of CNY 1,102,528.66 in Q1 2021, compared to CNY 381,722.84 in the previous year, indicating improved financial performance[51] - The company reported a significant increase in other income to CNY 1,107,651.08 from CNY 861,882.28[47]

Financial Performance - The company's operating revenue for 2020 was CNY 639,429,048.77, representing a 9.37% increase compared to CNY 584,632,446.72 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 189,182,249.82, which is a 4.86% increase from CNY 180,409,502.72 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 180,118,829.02, up 7.76% from CNY 167,145,693.73 in 2019[16] - The basic earnings per share for 2020 was CNY 0.47, a 2.17% increase from CNY 0.46 in 2019[16] - The weighted average return on equity was 13.92%, slightly down from 14.35% in 2019[16] - The company maintained a gross margin of 39.28% in the packaging printing sector, a slight decrease of 0.18% from the previous year[49] - The sales volume of packaging printing reached 966,600 boxes, representing a year-on-year increase of 22.00%[51] - The company achieved a revenue of 639.43 million yuan in 2020, an increase of 9.37% compared to the previous year[40] - The company's net profit for 2020 was RMB 142,762,215, with a legal surplus reserve of RMB 14,276,221, resulting in a remaining undistributed profit of RMB 136,187,811[126] - The total cash dividend for 2020 represents 100% of the total distributable profit[125] Cash Flow and Investments - The net cash flow from operating activities decreased by 15.19% to CNY 265,426,306.55 from CNY 312,960,212.62 in 2019[16] - The company's investment cash inflow decreased by 62.19% to ¥712,045,587.75 in 2020 compared to ¥1,883,300,937.27 in 2019[61] - The total amount of cash and cash equivalents decreased by 198.68% to -¥234,597,432.86 in 2020 from an increase of ¥237,739,537.60 in 2019[61] - The company has restricted cash totaling ¥54,742,076.79 for bank acceptance bill pledges and ¥10,656,341.52 for acceptance bill guarantees, with total restricted assets amounting to ¥149,317,866.67[68] - The total investment amount for the reporting period reached ¥484,469,554.45, representing a significant increase of 101.86% compared to the previous year's investment of ¥240,000,000.00[69] Business Strategy and Market Position - The company aims to enhance its market share by providing high-quality cigarette labels and related products to major tobacco enterprises[34] - The company has established stable partnerships with multiple national tobacco companies, leveraging its experience in the cigarette label printing industry[34] - The company actively participates in bidding for new cigarette product upgrades and brand development, seeking new profit growth points[26] - The company is currently developing new products and technologies to expand its market presence[76] - The company plans to continue its investment strategy focusing on non-equity investments to support growth initiatives[74] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[76] Research and Development - The company has developed 55 patents, including 2 invention patents and 53 utility model patents, by the end of 2020[43] - Research and development expenses in 2020 were ¥11,005,254.06, down 10.05% from ¥12,235,249.76 in 2019[59] - The number of R&D personnel decreased by 21.28% to 37 in 2020, down from 47 in 2019[59] - The company is committed to ongoing research and development to maintain a competitive edge in the market, aiming to innovate and differentiate its offerings[109] Risk Management - The company faces risks from economic fluctuations and demand declines, as consumer demand for cigarettes is influenced by factors beyond its control, such as economic conditions and health awareness[105] - The company is exposed to policy risks due to potential increases in tobacco taxes and stricter smoking regulations, which could adversely affect cigarette sales and, consequently, label sales[106] - The company has established good relationships with several major tobacco companies, but must adapt to the increasing concentration in the cigarette industry to maintain its competitive position[107] - The company is actively working to mitigate risks associated with market volatility, including raw material price fluctuations, by enhancing production efficiency and management practices[111] Corporate Governance and Compliance - The company has established a profit distribution policy that includes a cash dividend plan, ensuring compliance with regulations and considering the opinions of independent directors and shareholders[118] - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[119] - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their legal rights[119] - The company is committed to ensuring compliance with regulatory requirements, particularly in social insurance and housing fund contributions, to avoid any potential penalties[182] Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20%[136] - New product launches are expected to contribute an additional 300 million yuan in revenue over the next fiscal year[138] - The company plans to expand its market presence in Southeast Asia, targeting a revenue contribution of 15% from this region by 2022[146] - The company has set a performance guidance of 1.8 billion yuan for the upcoming fiscal year, indicating strong growth potential[135]

Financial Performance - Operating revenue for the reporting period was CNY 159,919,239.80, representing a year-on-year increase of 13.65%[7] - Net profit attributable to shareholders decreased by 14.22% to CNY 45,898,877.50 compared to the same period last year[7] - Basic earnings per share decreased by 15.38% to CNY 0.11[7] - The weighted average return on equity was 3.48%, a decrease of 0.37% compared to the previous year[7] - Total operating revenue for Q3 2020 reached ¥159,919,239.80, an increase from ¥140,707,796.99 in the previous period[44] - Net profit for Q3 2020 was ¥45,898,877.50, down from ¥53,509,514.53 year-over-year[46] - The net profit for the current period was ¥11,892,299.98, a significant decrease from ¥30,051,397.88 in the previous period, indicating a decline of approximately 60.5%[50] - The total comprehensive income for the current period was ¥11,892,299.98, down from ¥30,051,397.88, a decline of approximately 60.5%[51] - Total comprehensive income attributable to the parent company reached CNY 120,329,540.38, an increase from CNY 112,409,478.51 in the previous period, reflecting a growth of approximately 8.2%[57] - Net profit for the current period was CNY 28,863,141.40, a significant decrease from CNY 139,603,856.88 in the previous period, indicating a decline of approximately 79.3%[60] Assets and Liabilities - Total assets increased by 3.87% to CNY 1,581,110,250.55 compared to the end of the previous year[7] - The company's total assets increased from 1,522,266,814.31 CNY at the end of 2019 to 1,581,110,250.55 CNY by September 30, 2020[36] - Total liabilities rose from 198,533,355.62 CNY at the end of 2019 to 238,297,251.48 CNY by September 30, 2020[37] - The total assets as of Q3 2020 were ¥1,522,266,814.31, unchanged from the previous year[74] - The total liabilities amounted to ¥198,533,355.62, remaining stable compared to the previous year[74] - The owner's equity totaled ¥1,323,733,458.69, consistent with the previous year, indicating stability in shareholder value[74] Cash Flow - Net cash flow from operating activities increased significantly by 182.20% to CNY 122,690,743.86[7] - Cash flow from operating activities generated CNY 246,375,944.38, compared to CNY 239,670,662.76 in the previous period, reflecting a growth of approximately 2.9%[64] - The net cash flow from investing activities improved by 35.00% to -¥327,359,094.77 due to reduced financial product purchases[15] - The net cash flow from operating activities for Q3 2020 was ¥189,506,360.59, a significant increase compared to ¥19,391,863.81 in Q3 2019, reflecting a growth of approximately 877.5%[68] - The cash outflow from financing activities was CNY 166,250,000.00, a decline from a positive CNY 228,308,876.39 in the previous period[65] Investments - The company invested ¥83,057,400 in Nanjing Tiansu Automation Control System Co., Ltd., acquiring a 3.811% stake[18] - The investment budget for the Hunan production base was adjusted from ¥45,256.46 million to ¥67,806.61 million due to increased construction costs[17] - The company plans to invest ¥50 million in a private equity fund to leverage professional investment management resources[16] - The company reported an investment income of ¥1,306,495.22, a decrease from ¥5,609,064.34 in the previous period, reflecting a decline of about 76.7%[49] Shareholder Information - The company reported a total of 21,796 common shareholders at the end of the reporting period[11] - The largest shareholder, Caishi Group Co., Ltd., holds 65.84% of the shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 2,980,884.83 during the reporting period[9] - Non-recurring gains and losses totaled CNY 3,501,843.51 for the reporting period[9] Operational Changes - Sales expenses decreased by 68.46% to ¥2,631,039.38 due to the reclassification of transportation costs to operating costs under new revenue standards[15] - Other income increased significantly by 1379.57% to ¥2,980,884.83 due to temporary reductions in social insurance fees[15] - The company implemented new revenue and leasing standards starting in 2020, necessitating adjustments to the financial statements[70] Research and Development - Research and development expenses rose to ¥2,369,528.61 from ¥1,767,185.49, marking an increase of about 34.1%[49] - Research and development expenses for the current period were CNY 4,980,259.85, slightly up from CNY 4,578,655.85, indicating an increase of approximately 8.7%[58]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 274,805,925.56, representing a 15.97% increase compared to CNY 236,959,206.13 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 74,430,662.88, an increase of 26.37% from CNY 58,899,963.98 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 73,983,608.54, reflecting a 29.38% increase compared to CNY 57,183,036.49 in the previous year[17]. - The basic earnings per share increased by 20.00% to CNY 0.18 from CNY 0.15 in the same period last year[17]. - The total operating revenue for the first half of 2020 reached CNY 274,805,925.56, an increase of 15.94% compared to CNY 236,959,206.13 in the same period of 2019[158]. - Operating profit for the first half of 2020 was CNY 92,676,529.01, up from CNY 69,689,245.67 in the first half of 2019, reflecting a growth of 32.88%[160]. - Total comprehensive income for the first half of 2020 was CNY 109,552,459, compared to CNY 16,970,841.42 in the same period of 2019, indicating significant growth[168]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,525,880,971.85, a slight increase of 0.24% from CNY 1,522,266,814.31 at the end of the previous year[17]. - The company's current assets decreased to CNY 841,346,843.98 from CNY 892,111,699.54, reflecting a decline of approximately 5.7%[151]. - The company's total liabilities increased to CNY 228,966,850.28 from CNY 198,533,355.62, marking an increase of about 15.3%[152]. - The equity attributable to shareholders decreased to CNY 1,296,914,121.57 from CNY 1,323,733,458.69, a decline of approximately 2.0%[153]. - The company's non-current assets increased to CNY 684,534,127.87 from CNY 630,155,114.77, reflecting an increase of about 8.6%[151]. Cash Flow - The net cash flow from operating activities was CNY 123,685,200.52, down 36.96% from CNY 196,193,515.10 in the same period last year[17]. - Cash flow from operating activities fell by 36.96% to CNY 123,685,200.52, down from CNY 196,193,515.10, primarily due to payments of accounts payable[47]. - Cash flow from investing activities showed a net outflow of CNY 298,967,468.78, compared to a net outflow of CNY 660,752,384.83 in the first half of 2019, indicating an improvement[169]. - Cash flow from financing activities resulted in a net outflow of CNY 141,250,000.00, contrasting with a net inflow of CNY 390,308,876.37 in the same period of 2019[169]. Investments and Projects - The total investment amount during the reporting period was CNY 76,710,071.91, representing a 100% increase compared to the previous year[59]. - The company has invested CNY 76,710,071.91 in the Hunan production base project, with a cumulative actual investment of CNY 122,150,319.36[60]. - The company aims to enhance economic efficiency and expand potential markets through the construction of the Hunan Production Base Project[70]. - The company is investing in a production base in Hunan to reduce logistics costs and improve service to core customers, but faces risks that could impact expected economic benefits[91]. Market Position and Strategy - The company maintained a stable market position in the cigarette label printing industry, focusing on high-quality products and services[33]. - The company is actively involved in new product development and has a strong response capability to customer needs, which supports future business growth[35]. - The company aims to diversify its product offerings and customer base to reduce operational risks associated with reliance on a few key clients[85]. - The competitive landscape in the cigarette label market is intensifying, with potential price declines affecting revenue and profit margins[86]. Environmental and Social Responsibility - The company has established pollution prevention facilities that meet the Sichuan provincial standards for VOC emissions, utilizing technologies such as molecular sieve concentration and RTO[119]. - The company has implemented an emergency response plan for environmental incidents, which has been filed with the local ecological environment bureau[120]. - The company made cash donations totaling ¥500,000 to support COVID-19 prevention efforts in Changsha and Chengdu[43]. Shareholder Information - A total of 26,666,666 restricted shares were released from restrictions on April 27, 2020, impacting the shareholding structure significantly[127]. - The largest shareholder, Caishi Group Limited, holds 65.84% of the shares, totaling 266,666,667 shares[132]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[134]. Risks and Challenges - The company faces risks from economic fluctuations and regulatory policies that could impact cigarette demand and, consequently, the demand for cigarette labels[86]. - The company acknowledges the potential for stock price volatility due to various external factors, including economic conditions and investor sentiment[92]. - The company faces risks of declining operating income and net profit due to macroeconomic fluctuations, changes in consumer habits, and increased competition, which could lead to reduced sales volume and gross margins[90].

Financial Performance - The company's operating revenue for Q1 2020 was ¥122,062,909.09, representing a decrease of 16.58% compared to ¥146,331,968.04 in the same period last year[7]. - The net profit attributable to shareholders was ¥35,298,024.49, down 12.81% from ¥40,482,918.01 year-on-year[7]. - Basic earnings per share fell by 18.18%, from ¥0.11 to ¥0.09[7]. - Total operating revenue for the first quarter was CNY 122,062,909.09, a decrease from CNY 146,331,968.04 in the previous period[41]. - Net profit for the first quarter was CNY 35,298,024.49, down from CNY 40,482,918.01 in the same period last year[43]. - The total comprehensive income for the period was CNY 35,298,024.49, compared to CNY 40,482,918.01 in the previous period[47]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 70.33%, from ¥58,705,710.74 to ¥17,415,983.16[7]. - Cash outflow from operating activities rose by 42.58% to ¥138,215,220.07, primarily due to increased payments for materials[15]. - The net cash flow from operating activities for Q1 2020 was -16,002,650.84 CNY, an improvement from -18,700,864.48 CNY in the same period last year[54]. - Total cash inflow from operating activities was 33,337,999.34 CNY, compared to 7,076,325.62 CNY in Q1 2019, indicating a significant increase[54]. - Cash and cash equivalents decreased to CNY 223,645,319.01 from CNY 371,748,496.82[38]. - The total cash and cash equivalents at the end of Q1 2020 were 196,903,955.81 CNY, down from 476,813,607.10 CNY at the end of Q1 2019[55]. Assets and Liabilities - Total assets increased by 4.85% to ¥1,596,120,246.18 compared to the end of the previous year[7]. - The company's total assets as of Q1 2020 amounted to 1,128,273,880.31 CNY, unchanged from the previous year[61]. - Total liabilities stood at CNY 237,088,763.00, up from CNY 198,533,355.62, which is an increase of about 19.4%[34]. - The total liabilities were reported at 33,125,162.85 CNY, indicating a stable liability position[61]. - The company's equity remained stable at CNY 405,000,000.00, with no changes reported in the capital reserve[34]. - The total equity of the company was 1,095,148,717.46 CNY, reflecting a consistent equity base[61]. Shareholder Information - The top shareholder, Caishi Group Co., Ltd., holds 65.84% of the shares, totaling 266,666,667 shares[11]. - The total number of ordinary shareholders at the end of the reporting period was 19,222[11]. Inventory and Receivables - Inventory increased by 35.72% to ¥126,541,470.59, reflecting an increase in stockpiling based on market demand[15]. - Accounts receivable financing decreased by 91.93% to ¥800,000 from ¥9,915,712.76 due to the endorsement transfer of bank acceptance bills[15]. - Accounts receivable rose slightly to CNY 119,990,695.41 from CNY 118,981,481.49, showing a marginal increase of about 0.9%[32]. - Inventory increased significantly to CNY 126,541,470.59 from CNY 93,238,966.76, marking a growth of approximately 35.7%[32]. Expenses and Financial Activities - Research and development expenses fell by 33.70% to ¥2,042,213.49, due to reduced product design and testing costs[15]. - Financial expenses increased by 736.47% to -¥1,458,184.61, driven by higher interest from bank deposits[15]. - The company made a donation of ¥5,000,000 to combat COVID-19, reflected as an extraordinary expense[15]. - The company incurred research and development expenses of CNY 1,196,304.59 during the quarter, slightly lower than CNY 1,223,214.14 in the previous period[46]. Government Support - The company received government subsidies amounting to ¥861,882.28 during the reporting period[8]. Future Plans - The company plans to redirect part of the raised funds from its IPO to the ongoing construction of the Hunan production base project, reallocating ¥14,000.00 million and ¥4,380.00 million from two other projects[17]. Compliance and Audit - The company has not undergone an audit for the Q1 2020 report, which remains unaudited[61]. - The company reported no derivative investments or non-compliance with external guarantees during the reporting period[25][26]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[27]. Changes in Accounting Standards - The company is implementing new revenue and leasing standards starting from 2020, which may impact future financial reporting[56].

Financial Performance - The company's operating revenue for 2019 was CNY 584,632,446.72, a decrease of 10.49% compared to CNY 653,175,273.64 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 180,409,502.72, down 7.68% from CNY 195,416,991.40 in the previous year[16] - The basic earnings per share for 2019 was CNY 0.46, a decline of 14.81% from CNY 0.54 in 2018[16] - The net profit after deducting non-recurring gains and losses was CNY 167,145,693.73, a decrease of 4.56% from CNY 175,136,919.63 in 2018[16] - The company achieved a revenue of CNY 584.63 million in 2019, a decrease of 10.49% compared to the previous year[38] - The net profit attributable to shareholders was CNY 180.41 million, down 7.68% year-on-year[38] - The operating cash flow increased by 42.27% to CNY 312.96 million compared to the previous year[38] - The company reported a total revenue of 1.5 billion in 2019, representing a year-over-year growth of 15%[145] - The company reported a net profit margin of 12%, up from 10% in the previous year[153] Cash Flow and Investments - The net cash flow from operating activities increased by 42.27% to CNY 312,960,212.62, compared to CNY 219,977,040.60 in 2018[16] - The net cash flow from financing activities surged by 318.20% to CNY 201,308,876.39, mainly due to public stock issuance[59] - The company invested 190 million CNY in Shenzhen's Rongtai Zhonghe No. 6 Equity Investment Partnership, holding a 47.03% stake[32] - The company has committed to invest 233.3626 million yuan in the packaging printing production line expansion and technical transformation project, with 19.41% of the investment completed by March 31, 2021[78] - The company has ongoing construction projects with an investment of CNY 10,812,442.7 for the Hunan production base[64] Assets and Liabilities - Total assets at the end of 2019 reached CNY 1,522,266,814.31, representing a 44.70% increase from CNY 1,052,044,853.60 at the end of 2018[16] - The net assets attributable to shareholders increased by 44.67% to CNY 1,323,733,458.69, compared to CNY 915,015,079.60 at the end of 2018[16] - The company's total assets included cash and cash equivalents of CNY 615,598,878.09, which represented 40.44% of total assets[63] - The total amount of restricted assets at the end of the reporting period was CNY 163,667,861.69, primarily for bank guarantees[68] - The company reported a provision for bad debts of CNY 9,131,713.91 for accounts receivable[185] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares, based on a total of 405,000,000 shares[4] - The cash dividend for 2019 represented 145.92% of the net profit attributable to shareholders, indicating a strong return to investors[119] - The proposed cash dividend for the year-end 2019 is RMB 10.125 million, with a dividend per 10 shares of RMB 2.5 (including tax) based on the same total share capital[120] - The company has a three-year dividend return plan post-listing, ensuring transparency and adherence to shareholder interests[115] Business Operations and Market Position - The main business focus remains on the research, production, and sales of high-quality cigarette labels, which is the primary source of profit[25] - The company has established stable cooperative relationships with multiple national tobacco companies, ensuring a solid market position[33] - The company continues to expand its production capacity and enhance high-value-added services to attract new quality clients[27] - The company has developed a full industry chain for packaging materials, enhancing its competitive advantage in cost control and R&D[36] - The company is actively expanding its packaging materials business, achieving good market development while stabilizing existing clients[38] Risks and Challenges - The company faces risks related to the loss of key management and technical personnel, which could adversely affect its operations and financial performance[108] - Economic fluctuations and declining demand for cigarettes, influenced by factors beyond the company's control, could adversely affect revenue and profitability[102] - Regulatory changes in the tobacco industry, such as increased taxes and smoking bans, could impact cigarette sales and, consequently, the demand for cigarette labels[102] - The company has a high customer concentration, with sales to the top five customers accounting for 93.96%, 91.96%, and 93.58% of total revenue in 2017, 2018, and 2019 respectively, posing a risk if demand from these clients declines[99] Corporate Governance and Compliance - The company emphasizes the importance of internal control management and professional talent acquisition to support its growth strategy[111] - The company has committed to not transferring or entrusting the management of its shares for six months after the IPO, and will not repurchase those shares[124] - The company will publicly explain the reasons for not fulfilling commitments and apologize to shareholders and the public investors[158] - The company will ensure that its directors and senior management are held accountable for unfulfilled commitments, including potential salary reductions[155] Research and Development - The company has accumulated 34 patents, including 2 invention patents and 32 utility model patents[40] - The company is focused on R&D innovation to maintain a competitive edge and plans to enhance customer loyalty through improved service and by exploring new markets[104] - The company plans to invest 50 million in new technology development over the next two years[145] Environmental and Social Responsibility - The company faced a fine of CNY 400,000 due to exceeding wastewater discharge standards[191] - The company submitted a report to the Chengdu Longquanyi District Environmental Protection Bureau regarding the suspension of its wastewater treatment station and has replaced the entire set of wastewater treatment equipment to restore normal operations[192] - A commitment to corporate social responsibility initiatives was reiterated, with a budget allocation of 10 million for community projects[145]