Financial Performance - The company's revenue for Q3 2021 was ¥314,255,168.27, representing a 26.21% increase year-over-year[3] - Total operating revenue for the third quarter reached ¥897,134,391.25, an increase of 27.5% compared to ¥703,479,929.59 in the same period last year[18] - Net profit attributable to shareholders decreased by 93.46% to ¥687,691.64 in Q3 2021, and a 46.29% decrease to ¥23,065,274.28 for the year-to-date[3] - Net profit attributable to the parent company was ¥23,065,274.28, a decrease of 46.3% from ¥42,941,769.30 in the previous year[20] - Basic and diluted earnings per share decreased to ¥0.13 from ¥0.32 year-on-year[20] Cash Flow - Cash flow from operating activities showed a net outflow of -¥79,999,572.55, a significant decline of 868.79% year-over-year[8] - The company reported a net cash outflow from operating activities of ¥79,999,572.55, worsening from a net outflow of ¥8,257,685.13 in the same period last year[23] - Cash inflows from operating activities totaled ¥966,353,719.93, an increase from ¥813,095,653.28 in the same period last year[23] - The net cash flow from investment activities was -45,061,086.94 CNY, compared to -147,349,709.87 CNY in the previous year, indicating an improvement[24] - The company reported a net cash inflow from financing activities of 126,709,776.49 CNY, a significant decrease from 527,501,696.11 CNY in the same period last year[24] Assets and Liabilities - Total assets increased by 15.12% to ¥1,823,055,835.64 compared to the end of the previous year[3] - Total assets reached ¥1,823,055,835.64, up from ¥1,583,561,564.32, indicating an increase of approximately 15.2%[15] - The total liabilities rose to ¥601,909,957.39, up from ¥360,620,129.51, indicating a significant increase of 66.9%[19] - Current liabilities rose to ¥407,858,991.86 from ¥228,463,320.44, representing an increase of about 78.5%[15] - The company's total liabilities increased significantly, with short-term borrowings rising by 340.23% to ¥132,070,424.58[7] Inventory and Receivables - The company's inventory rose by 69.31% to ¥372,621,540.10, attributed to increased raw material reserves and production preparations[7] - Inventory increased significantly to ¥372,621,540.10 from ¥220,085,669.88, marking a growth of about 69.2%[14] - Accounts receivable rose to ¥231,266,101.38 from ¥187,270,219.58, reflecting a growth of approximately 23.5%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,484[10] - The largest shareholder, Zhou Xiaowei, holds 33.10% of shares, totaling 58,503,000 shares[10] - The company reported a total of 6,000,000 shares held by Suzhou Zhongding No. 4 Venture Capital Center, which are unrestricted[11] Research and Development - Research and development expenses increased to ¥36,144,660.94, compared to ¥30,335,564.06 in the previous year, reflecting a growth of 19.4%[19] Financial Adjustments and Standards - The company has implemented new leasing standards affecting the financial statements, requiring adjustments to the balance sheet[25] - The company did not undergo an audit for the third-quarter report[30] - The company has not disclosed any new strategies or future outlook in the current report[12] Other Financial Metrics - The financial expenses surged by 778.56% to ¥2,865,478.01, mainly due to reduced interest income from bank deposits[8] - The company recorded other comprehensive income after tax of -¥112,036.80, compared to -¥9,975.45 in the previous year[20] - Cash and cash equivalents increased to ¥81,361,072.50 from ¥62,510,767.27 year-over-year[14] - Cash and cash equivalents at the end of the period were 63,968,130.49 CNY, down from 526,606,975.73 CNY at the end of the previous year[24] - The company's equity totaled 1,222,941,434.81 CNY, with retained earnings of 330,281,534.95 CNY[29]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥582.88 million, representing a 28.25% increase compared to ¥454.48 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥22.38 million, a decrease of 30.98% from ¥32.42 million in the previous year[19]. - The net cash flow from operating activities was negative at approximately -¥44.87 million, a decline of 329.12% compared to ¥19.58 million in the same period last year[20]. - Basic earnings per share decreased by 45.83% to ¥0.13 from ¥0.24 in the previous year[20]. - Total assets increased by 10.63% to approximately ¥1.75 billion from ¥1.58 billion at the end of the previous year[20]. - The net assets attributable to shareholders decreased slightly by 0.35% to approximately ¥1.22 billion from ¥1.22 billion at the end of the previous year[20]. - The company reported a significant decrease of 64.03% in net profit after deducting non-recurring gains and losses, amounting to approximately ¥10.74 million compared to ¥29.85 million in the previous year[19]. - The weighted average return on net assets was 1.87%, down from 4.26% in the previous year, reflecting a decrease of 2.39%[20]. Revenue and Growth - The company achieved a revenue of 582.88 million yuan, representing a year-on-year growth of 28.25%[37]. - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 25%[85]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2021, representing a year-over-year growth of 20%[86]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative technology solutions[85]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of 2021, with a focus on innovative technology solutions[86]. - The company achieved a 100.33% increase in revenue from the buffer packaging series, totaling ¥58,306,523.42[44]. Costs and Expenses - The operating cost increased by 40.51% to ¥507,202,974.80, primarily due to rising raw material prices and increased procurement costs[42]. - The company's financial expenses increased by 171.09% to ¥1,035,010.07, primarily due to a decrease in interest income[43]. - The management expenses rose by 64.40% to ¥21,442,503.94, mainly due to increased salaries and benefits for management personnel[43]. - The gross profit margin for the packaging printing industry was 12.98%, down 7.59% from the previous year[44]. Investment and R&D - Research and development investment rose by 18.30% to ¥22,063,544.30, up from ¥18,650,951.20 in the previous year[43]. - The company is investing in the development of biodegradable packaging products, responding to national policies on plastic pollution[37]. - The company plans to enhance R&D efforts to promote product upgrades and improve production processes to mitigate market competition risks[69]. - The company has allocated 22,300,000 CNY for research and development in new technologies for the current fiscal year[156]. Market and Strategic Initiatives - The company focuses on providing a comprehensive solution for e-commerce packaging, including optimization, design, production, and distribution[36]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[85]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and increase market penetration[85]. - The company aims to strengthen its competitive position by enhancing its "one-stop" integrated supply advantages in the future[37]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has committed to not transferring or entrusting its shares for 36 months from the date of its stock listing[84]. - The company’s actual controller has made commitments regarding share transfer limitations and compliance with relevant laws and regulations[84]. - The company will disclose the status of its commitments in regular reports, including any repurchase of shares or compensation for losses[89]. Environmental and Social Responsibility - The company strictly complies with environmental protection laws and regulations, and has not faced any administrative penalties for environmental issues during the reporting period[80]. - The company actively fulfills its corporate social responsibilities, contributing to employment and promoting sustainable development through investments in new materials and green technologies[81]. - The management emphasized the importance of sustainability initiatives, aiming for a 25% reduction in carbon emissions by 2025[85]. Financial Position and Stability - The company's total assets at the end of the reporting period amounted to approximately ¥1.8 billion, with cash and cash equivalents decreasing by 1.78% to ¥37.97 million due to increased material payments[53]. - The company's total liabilities to equity ratio stands at 0.69, indicating a stable financial structure[156]. - The company has no significant contracts or guarantees during the reporting period[108]. - The company has not reported any significant changes in its ability to continue as a going concern, ensuring stability in its financial reporting[171].

Financial Performance - The company's operating revenue for Q1 2021 was ¥272,429,290.54, representing a 41.02% increase compared to ¥193,186,351.48 in the same period last year[9] - The net profit attributable to shareholders for Q1 2021 was ¥13,638,714.42, up 27.30% from ¥10,714,216.37 in the previous year[9] - Operating revenue increased by 41.02% to ¥272,429,290.54, driven by business scale expansion[17] - The total operating revenue for the first quarter was CNY 265,521,598.73, an increase of 51.3% compared to CNY 175,617,543.90 in the same period last year[45] - The net profit for the first quarter reached CNY 13,783,063.89, representing a growth of 28.3% from CNY 10,750,377.07 year-over-year[42] - Operating profit increased to CNY 16,080,722.05, up 28.5% from CNY 12,557,582.78 in the previous year[42] - The total comprehensive income for the first quarter was CNY 13,646,389.06, an increase from CNY 10,787,717.92 year-over-year[43] Cash Flow - The net cash flow from operating activities improved to -¥43,005,153.35, a 25.78% increase compared to -¥57,945,872.27 in the same period last year[9] - The net cash flow from operating activities was -43,005,153.35 CNY, an improvement from -57,945,872.27 CNY in the previous period, indicating a reduction in cash outflow[50] - Total cash inflow from financing activities increased by 83.94% to ¥108,340,482.30, mainly due to increased bank loans[18] - The net cash flow from financing activities was 72,290,936.29 CNY, up from 58,465,000.00 CNY, showing an increase of about 23.5%[51] - The total cash outflow from operating activities of 334,401,533.92 CNY, which increased from 282,623,681.44 CNY, representing a rise of approximately 18.3%[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,692,796,843.10, a 6.90% increase from ¥1,583,561,564.32 at the end of the previous year[9] - Total liabilities increased to CNY 453,848,431.21 from CNY 360,620,129.51, marking a rise of 25.83%[34] - Current liabilities totaled CNY 285,117,639.93, compared to CNY 228,463,320.44 in the previous year, indicating a growth of 24.77%[34] - Long-term borrowings rose to CNY 142,350,486.16 from CNY 112,000,000.00, representing an increase of 27.06%[34] - Total equity attributable to shareholders increased to CNY 1,236,145,883.05 from CNY 1,222,224,559.52, reflecting a growth of 1.14%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,602[13] - The largest shareholder, Zhou Xiaowei, holds 33.10% of the shares, totaling 58,503,000 shares[13] Costs and Expenses - Operating costs rose by 52.57% to ¥238,298,788.21, mainly due to rising raw material prices[17] - The company reported a financial expense of CNY 713,347.55, compared to a financial income of CNY -228,895.01 in the previous year, reflecting a significant change in financial management[42] - The tax expense for the quarter was CNY 2,351,060.16, compared to CNY 1,684,705.71 in the same period last year, indicating higher profitability[42] Other Income and Subsidies - The company received government subsidies amounting to ¥2,491,231.54 during the reporting period[10] - Other income surged by 423.87% to ¥2,491,231.54, attributed to increased government subsidies[18] - The company experienced a significant increase in other income, which rose to CNY 2,491,231.54 from CNY 475,546.77, indicating improved operational efficiency[42] Inventory and Impairment - The company reported a significant increase in inventory, totaling CNY 220,085,669.88[57] - The company reported a 250.70% increase in asset impairment losses to ¥232,961.53, primarily from inventory consumption[18]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.015 billion, representing a 1.14% increase compared to ¥1.004 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥58.87 million, a decrease of 28.80% from ¥82.69 million in 2019[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥50.01 million, down 38.00% from ¥80.66 million in 2019[18]. - The net cash flow from operating activities was approximately ¥16.77 million, a significant decline of 78.57% compared to ¥78.25 million in 2019[18]. - Basic earnings per share for 2020 were ¥0.41, a decrease of 33.87% from ¥0.62 in 2019[19]. - Total assets at the end of 2020 were approximately ¥1.584 billion, an increase of 59.59% from ¥992.28 million at the end of 2019[19]. - Net assets attributable to shareholders at the end of 2020 were approximately ¥1.222 billion, up 64.06% from ¥744.98 million at the end of 2019[19]. - The company achieved an operating income of CNY 1,015,338,703.36 in 2020, representing a year-on-year growth of 1.14%, while net profit attributable to shareholders decreased by 28.80% to CNY 58,874,930.55[41]. - The gross profit margin for the packaging and printing industry was 16.55%, down 5.76% compared to the previous year[49]. Cash Flow and Investments - The net cash flow from operating activities decreased by 78.57% to ¥16,767,324.73, primarily due to increased cash payments for purchased goods and services[62]. - Cash inflow from investment activities increased by 60.10% to ¥1,229,104,445.64, mainly due to an increase in the recovery of financial products[62]. - Cash inflow from financing activities surged by 897.63% to ¥542,410,773.60, primarily due to funds raised from a public share issuance[62]. - The total investment amount for the reporting period reached ¥1,851,259,643.17, representing a significant increase of 108.46% compared to ¥888,079,000.68 in the same period last year[70]. - The company reported a total of ¥503,521,488.69 in restricted assets, including cash, trading financial assets, accounts receivable, and intangible assets[69]. Strategic Initiatives and Future Plans - The company has outlined its future development strategy and operational goals in the report, highlighting potential risks[6]. - The company aims to become a leading supplier in the supply chain ecosystem by integrating upstream and downstream resources and providing a one-stop procurement platform[27]. - The company is actively promoting the development of green and environmentally friendly products, including biodegradable materials, in response to national regulations on plastic pollution[90]. - The company plans to enhance its supply chain and customer delivery system to improve efficiency and reduce costs, focusing on a one-stop integrated procurement solution[90]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[103]. Market and Industry Trends - The packaging and printing industry is experiencing rapid growth, with the national express service volume increasing from 3.67 billion to 83.36 billion packages from 2011 to 2020, reflecting a compound annual growth rate of approximately 41.48%[30]. - The international business grew by 6.67% in 2020, despite challenges from the COVID-19 pandemic and trade tensions[43]. - The company is expanding its product range and marketing channels, transitioning from express e-commerce consumables to a comprehensive consumables product line[91]. Shareholder and Governance Matters - The company plans to distribute a cash dividend of ¥1.5 per 10 shares, totaling approximately ¥26.51 million based on 176,720,000 shares[6]. - The company has established a commitment to avoid any actions that may harm the interests of the company or its shareholders, including competitive activities[105]. - The company has committed to timely information disclosure regarding any stock repurchase activities[106]. - The company has established internal control regulations to enhance management and governance[200]. - The company ensures fair treatment of all investors, allowing minority shareholders to fully exercise their rights during shareholder meetings[200]. Research and Development - Research and development expenses for 2020 were CNY 4,394.35 million, an increase of 14.17% compared to 2019, with 29 new intellectual property rights added, including 7 invention patents[42]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[103]. - The company has established a packaging research center, contributing to its technological research and development capabilities[36]. Compliance and Regulatory Matters - The company has ensured compliance with regulatory requirements regarding shareholder commitments and potential penalties for non-compliance[112]. - The company has committed to long-term shareholding to ensure control stability and may consider gradual share reduction post-lockup period, with a maximum reduction of 25% of shares held annually[112]. - The company changed its auditing firm from Deloitte to Huaxing Accounting Firm for the 2020 fiscal year[124]. Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.3986 million[192]. - The company employed a total of 1,260 staff, with 752 in production, 159 in sales, 68 in technical roles, 39 in finance, and 242 in administration[194]. - The company emphasizes employee training, conducting various training programs to enhance skills and capabilities[197].

Financial Performance - Operating revenue for the current period was CNY 248,995,818.12, a 4.78% increase year-on-year[8] - Net profit attributable to shareholders decreased by 49.65% to CNY 10,519,515.12 compared to the same period last year[8] - Basic earnings per share decreased by 50.00% to CNY 0.08[8] - Weighted average return on equity dropped to 1.23%, a decrease of 58.31% compared to the same period last year[8] - Total operating revenue for the current period is ¥248,995,818.12, an increase from ¥237,645,182.46 in the previous period, reflecting a growth of approximately 4.8%[38] - Net profit for the current period is ¥10,639,238.07, down from ¥20,787,960.39 in the previous period, representing a decline of approximately 48.9%[40] - Total comprehensive income for the current period is ¥10,594,943.29, down from ¥20,816,361.48 in the previous period, a decline of approximately 49.1%[41] - The total profit for the current period is ¥11,712,008.86, down from ¥24,782,630.74 in the previous period, reflecting a decrease of about 52.8%[40] Assets and Liabilities - Total assets increased by 53.84% to CNY 1,526,529,510.24 compared to the end of the previous year[8] - Current assets totaled CNY 1,023,098,902.31, up from CNY 606,320,034.62, indicating an increase of about 68.7% year-over-year[30] - Total liabilities increased to CNY 319,511,564.95 from CNY 246,831,730.91, reflecting a growth of around 29.3%[32] - The company's fixed assets rose by 111.5% to ¥309,731,284.00, attributed to the construction of new factories and increased equipment investment[16] - The company's long-term borrowings increased by 148.89% to ¥112,000,000.00, driven by loans for new factory construction[16] Cash Flow - Net cash flow from operating activities was negative at CNY -27,840,586.35, a decrease of 192.67% compared to the same period last year[8] - The company's cash and cash equivalents increased by 594.07% to ¥526,606,975.73, primarily due to the receipt of raised funds[17] - The company's cash flow from financing activities surged by 2326.72% to ¥527,501,696.11, largely due to the influx of raised funds[17] - The net cash flow from operating activities was -57,036,871.81 CNY, compared to 13,968,534.07 CNY in the previous period[61] - The cash inflow from sales of goods and services was 655,283,154.91 CNY, compared to 610,451,635.56 CNY in the previous period[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 59,802[12] - The largest shareholder, Zhou Xiaowei, holds 33.10% of the shares, totaling 58,503,000 shares[12] Expenses and Investments - Total operating costs for the current period are ¥239,734,545.31, compared to ¥215,912,789.08 in the previous period, indicating an increase of about 11.0%[39] - Research and development expenses increased to ¥11,684,612.86 from ¥9,793,448.32, marking a rise of about 19.3%[39] - The company reported a financial expense of ¥1,033,602.70, compared to a financial income of -¥917,755.80 in the previous period, indicating a significant shift in financial performance[39] - The investment income for the quarter was CNY 231,126.43, down from CNY 1,435,430.76, indicating challenges in investment performance[48] Other Financial Metrics - Non-recurring gains and losses totaled CNY 3,438,133.09 for the current period[10] - The company's capital reserve increased by 120.61% to ¥684,649,095.92, due to the premium from the initial public offering[16] - The company's retained earnings increased to CNY 318,659,067.91 from CNY 275,717,298.61, reflecting a growth of approximately 15.5%[33] - The company experienced a significant reduction in income tax expenses, which were CNY 6,968,787.02 compared to CNY 12,179,692.32 in the previous year, reflecting a more favorable tax environment[48]