欣贺股份有限公司独立董事 经审查董事候选人的教育背景、个人履历等相关资料，我们认为其任职资格符合拟 任职务的条件，具备履行董事职责所必需的工作经验，能够胜任所聘岗位职责的要求， 不存在《公司法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规 范运作》及《公司章程》中规定禁止任职的条件及被中国证监会处以证券市场禁入处罚 的情况。本次董事候选人的提名和审议符合《公司法》和《公司章程》等有关规定，程序 合法、有效，不存在损害公司及中小股东利益的情形。 因此，我们一致同意提名陈国汉先生担任公司董事，并同意将该议案提交股东大会 审议。 根据中国证监会《上市公司独立董事规则》《上市公司治理准则》《深圳证券交易所 股票上市规则》及《公司章程》等有关规定，我们作为欣贺股份有限公司（以下简称"公 司"）的独立董事，基于独立判断的立场，审慎、负责的态度，认真审阅了相关资料，就 公司第四届董事会第三十二次会议相关议案和事项发表如下独立意见： 欣贺股份有限公司独立董事 梁晨、陈友梅、吴锦凤 2023 年 8 月 8 日 一、关于补选董事的独立意见 关于第四届董事会第三十二次会议相关事项的独立意见 ...

Financial Performance - The company's revenue for Q1 2023 was ¥450,557,813.49, a decrease of 10.54% compared to ¥503,622,669.84 in the same period last year[5] - Net profit attributable to shareholders was ¥48,962,781.60, down 21.22% from ¥62,154,069.40 year-on-year[5] - The basic earnings per share decreased by 19.35% to ¥0.1175 from ¥0.1457 in the previous year[5] - Total operating revenue for Q1 2023 was ¥450,557,813.49, a decrease of 10.5% compared to ¥503,622,669.84 in Q1 2022[23] - Net profit for Q1 2023 was ¥48,962,781.60, a decline of 21.3% from ¥62,154,069.40 in Q1 2022[24] - Total comprehensive income for the first quarter was CNY 47,461,477.37, a decrease of 20.8% compared to CNY 59,956,163.07 in the previous year[25] - Basic earnings per share decreased to CNY 0.1175 from CNY 0.1457, reflecting a decline of 19.5% year-over-year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,581,391,025.47, a decrease of 1.73% from ¥3,644,549,219.47 at the end of the previous year[5] - Total liabilities decreased to ¥683,384,541.28, down 14.2% from ¥796,636,329.73 in the previous year[22] - The company's total assets decreased to ¥3,581,391,025.47 from ¥3,644,549,219.47, reflecting a reduction of 1.7%[22] - The total equity attributable to shareholders increased to ¥2,898,006,484.19 from ¥2,847,912,889.74, marking a growth of 1.8%[22] Cash Flow - Cash flow from operating activities was ¥74,461,283.42, down 15.16% from ¥87,767,519.55 in the same period last year[5] - Net cash flow from operating activities was CNY 74,461,283.42, down 15.2% from CNY 87,767,519.55 in the same period last year[27] - Cash inflow from investment activities totaled CNY 293,896,329.92, significantly higher than CNY 16,875,400.68 in the previous year[27] - Net cash flow from investment activities was negative at CNY -27,431,630.98, an improvement from CNY -302,097,620.31 year-over-year[28] - Cash and cash equivalents at the end of the period increased to CNY 633,944,983.46 from CNY 830,417,652.57, a decrease of 23.6%[28] - Total cash outflow from financing activities was CNY 20,649,901.98, compared to CNY 59,710,127.05 in the previous year[28] - The company received CNY 40,000,000.00 from borrowings during the quarter, indicating a new financing strategy[28] Investments and Income - The company reported a significant increase in investment income, which rose by 33.23% to ¥437,561.58 from ¥328,421.86 year-on-year[12] - The cash received from investment activities surged by 281.25% to ¥60,509,581.31 compared to ¥15,871,408.33 in the previous year[13] - The company experienced a 90.92% improvement in net cash flow from investing activities, which was -¥27,431,630.98 compared to -¥302,097,620.31 in the previous year[13] - The company reported a financial income of ¥5,262,273.50, down from ¥7,084,028.01 in the previous year, reflecting a decrease of 25.7%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,314[15] - The company's major shareholder, Xinha International, holds 63.18% of the shares, with a total of 272,716,480 shares, of which 6,600,000 are pledged[16] - The family of the actual controller, Sun's family, collectively controls 65.12% of the company through various entities[17] - The company has a total of 10 million shares in its repurchase account, accounting for 2.32% of the total shares[17] Operational Changes - The company announced a change in leadership, with Sun Baihao appointed as the new Chairman and General Manager[18] - The company is adjusting its performance assessment criteria for the 2021 restricted stock incentive plan[18] Other Financial Metrics - Research and development expenses increased to ¥20,151,699.76, up 13.5% from ¥17,732,637.50 in Q1 2022, indicating a focus on innovation[23] - The company reported a decrease in accounts receivable from ¥191,272,745.05 to ¥169,169,034.65, a decline of approximately 11.5%[20] - The company’s other receivables increased slightly from ¥71,042,663.39 to ¥73,184,770.37, marking an increase of about 3%[20] - The company received government subsidies amounting to ¥3,278,640.35 during the reporting period, which is crucial for its operations[7] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[29]

Financial Performance - The company's operating revenue for 2022 was ¥1,742,620,085.95, representing a decrease of 17.09% compared to ¥2,101,809,085.78 in 2021[23] - The net profit attributable to shareholders of the listed company was ¥129,125,245.16, down 55.22% from ¥287,119,503.88 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,912,165.82, a decline of 61.70% compared to ¥275,341,892.63 in 2021[23] - The net profit for the year was 181,477,898.10 CNY, a decrease of 59.33% compared to the previous year[25] - Basic and diluted earnings per share were 0.3039 CNY, down 54.73% from 0.6684 CNY in the previous year[25] - The weighted average return on equity was 4.43%, a decline of 5.29% from 9.68% in the previous year[25] - Total assets decreased by 5.34% to 3,644,549,219.47 CNY from 3,850,165,011.87 CNY in the previous year[25] - Net assets attributable to shareholders decreased by 6.49% to 2,847,912,889.74 CNY from 3,045,708,595.05 CNY in the previous year[25] - In Q4 2022, the company reported a net profit attributable to shareholders of -223,043.01 CNY, marking a significant decline[30] - The company experienced a total revenue of 503,622,669.84 CNY in Q1 2022, which decreased to 393,930,089.85 CNY in Q2 2022[30] - The company reported a total revenue of $500 million, representing a year-over-year increase of 15%[177] Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥3 per 10 shares (including tax) to all shareholders based on the total share capital as of the equity registration date for the 2022 profit distribution plan[8] - The company has not reported any changes in its controlling shareholders since its listing[22] - The company has repurchased 10 million shares, accounting for 2.32% of total share capital, at a total cost of approximately ¥87.40 million[73] - The top five customers accounted for 23.40% of total annual sales, with the largest customer contributing ¥177,434,801.67, or 10.26%[86] Market and Industry Trends - The retail sales of clothing and footwear in China decreased by 6.50% in 2022, with a total retail sales of 1.3 trillion CNY[35] - Online retail sales of clothing increased by 3.5% in 2022, although the growth rate slowed compared to previous years[35] - In 2022, the apparel industry in China saw a total revenue of 1,453.9 billion yuan, a year-on-year decline of 4.6%, with total profits of 76.4 billion yuan, down 6.3%[38] - The loss ratio among apparel enterprises expanded to 19.37%, an increase of 2.52 percentage points compared to 2021, with losses growing by 12.46% year-on-year[38] - The online retail market in China reached 13.79 trillion yuan in 2022, with a year-on-year growth of 4%, and physical goods online retail sales amounted to 11.96 trillion yuan, up 6.2%[43] - The proportion of online retail in total social consumer goods retail sales increased to 27.2%, up 2.7 percentage points from 2021[43] Research and Development - The company invested 78.08 million yuan in R&D in 2022, reflecting an increase of 8.19% year-on-year[53] - Research and development expenses increased by 8.19%, totaling ¥78,082,460.46 in 2022 compared to ¥72,170,661.74 in 2021[89] - The company has 105 in-house fashion designers, maintaining a strong capability for independent research and design[103] - The total number of R&D personnel remained stable at 438, with a slight decrease in the proportion of personnel with bachelor's and master's degrees[104] - The company aims to enhance its core competitiveness and brand vitality through continuous innovation in fashion design and product development[103] E-commerce and Sales Strategy - The company's e-commerce business generated revenue of 460 million yuan, accounting for 26.39% of total revenue, an increase of 3.10% compared to the same period in 2021[65] - The company launched over 8,000 new products in 2022, enhancing its product line to meet diverse consumer needs across various scenarios[62] - The company has established a self-operated channel network covering major cities in China, enhancing control over terminal channels and improving customer experience[56] - The company is actively exploring live-streaming sales models across major platforms, contributing to the resilience of its e-commerce performance[65] - The company utilized a mixed sales model, combining self-operated and distribution channels, with a gradual increase in self-operated sales[91] Corporate Governance and Compliance - The company is committed to maintaining compliance with the disclosure requirements set forth by the Shenzhen Stock Exchange for the textile and apparel industry[8] - The company emphasizes the importance of investor relations management, with a dedicated investor relations department and compliance with disclosure obligations, having no penalties from regulatory bodies[163] - The company operates independently from its controlling shareholders, with no competition in business activities, as confirmed by a commitment letter from the controlling family[167] - The governance structure includes independent operational management, with clear divisions of responsibilities among various departments[170] - The company has established a complete asset structure and has no disputes regarding asset ownership, ensuring legal ownership of production-related assets[169] Future Outlook and Strategic Initiatives - The company has set a revenue guidance of $600 million for 2023, indicating a projected growth of 20%[179] - New product launches are expected to contribute an additional $50 million in revenue in the upcoming fiscal year[180] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[181] - The company is focusing on technological advancements and new product development to enhance its competitive edge[188] - The management team emphasizes the importance of strategic acquisitions to drive growth and market presence[189] Talent Development and Management - The company is implementing a "Talent Forest Plan" to attract and cultivate outstanding talent for long-term strategic development[72] - The company has established a performance evaluation and incentive mechanism, covering over 98% of its employees[162] - The company has established a performance evaluation system for senior management to determine remuneration based on actual performance and industry standards[195] - The company plans to deepen its talent training system and implement a digital recruitment system to enhance employee learning capabilities[146] Financial Management and Investments - Cash and cash equivalents decreased by 17.30% to ¥866,301,289.32, accounting for 23.77% of total assets, primarily due to cash management product purchases and share buyback expenditures[115] - The company experienced a net cash outflow of CNY 537,351,917.42, a 54.88% increase in outflow compared to the previous year[108] - The company reported a total investment of ¥30,000,000.00 during the reporting period, with no previous investment recorded for comparison[122] - The company has a remaining balance of ¥70,119,560.00 in unused raised funds, which includes cash management product earnings and interest income[127]

[Major Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) In the first three quarters of 2022, the company's performance significantly declined, with revenue decreasing by 13.48% and net profit attributable to shareholders by 47.27%, primarily due to macroeconomic impacts [Core Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) During the reporting period, the company's core financial indicators showed a year-on-year decline, with Q1-Q3 revenue at 1,304 million yuan and net profit at 129 million yuan, both significantly decreasing Key Financial Indicators (Year-to-Date) | Indicator (Year-to-Date) | 2022 Q1-Q3 (million yuan) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 1,304 | -13.48% | | Net Profit Attributable to Shareholders | 129 | -47.27% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 115 | -51.50% | | Net Cash Flow from Operating Activities | 174 | -38.86% | | Basic Earnings Per Share | 0.2983 yuan/share | -48.12% | Key Financial Indicators (Q3) | Indicator (Q3) | 2022 Q3 (million yuan) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 406 | -11.74% | | Net Profit Attributable to Shareholders | 30 | -42.86% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 27 | -46.68% | [Non-recurring Gains and Losses](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Year-to-date non-recurring gains and losses totaled 14.30 million yuan, primarily from government subsidies and cash management product income, positively contributing to current period profit Non-recurring Gains and Losses (Year-to-Date) | Item | Amount (Year-to-Date, million yuan) | Primary Source | | :--- | :--- | :--- | | Government Subsidies | 12.46 | Government subsidies received | | Investment Income | 6.02 | Cash management product income | | **Total** | **14.30** | - | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) The company experienced significant changes across its balance sheet, income statement, and cash flow statement, driven by asset reclassification, investment income fluctuations, and increased financing outflows - Major Balance Sheet Changes: - **Fixed Assets**: Increased by **231.68%**, primarily due to the reclassification of some construction in progress to fixed assets[8](index=8&type=chunk) - **Construction in Progress**: Decreased by **96.95%**, for the same reason as above[8](index=8&type=chunk) - **Monetary Capital**: Decreased by **30.31%**, mainly due to expenditures for cash management products, profit distribution, and share repurchases[8](index=8&type=chunk) - **Trading Financial Assets**: Increased by **206.24%**, primarily due to increased purchases of cash management products[8](index=8&type=chunk) - Major Income Statement Changes: - **Investment Income**: Decreased by **76.53%** year-on-year, mainly due to cash management activities[9](index=9&type=chunk) - **Gains from Changes in Fair Value**: Increased significantly by **4035.92%** year-on-year, primarily due to cash management activities[9](index=9&type=chunk) - **Non-operating Expenses**: Decreased by **90.12%** year-on-year, mainly because the base for expenditures from store closures and project delays in the prior year was higher[9](index=9&type=chunk) - Major Cash Flow Statement Changes: - **Net Cash Flow from Operating Activities**: Decreased by **38.86%** year-on-year, primarily due to reduced cash received from sales of goods[10](index=10&type=chunk) - **Net Cash Flow from Investing Activities**: Net outflow narrowed by **74.11%** year-on-year, mainly due to changes in cash management activities[10](index=10&type=chunk) - **Net Cash Flow from Financing Activities**: Net outflow expanded by **63.41%** year-on-year, primarily due to profit distribution and share repurchases implemented during the reporting period[10](index=10&type=chunk)[11](index=11&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the reporting period end, the company had 20,127 shareholders, with the Sun family controlling 65.02% of shares through various entities, and the controlling shareholder having some pledged shares [Shareholding Structure](index=4&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of September 30, 2022, the company had 20,127 shareholders, with controlling shareholder Xinhe International holding 63.09% of shares, including 6.6 million shares pledged - The total number of ordinary shareholders at the end of the reporting period was **20,127**[13](index=13&type=chunk) Top Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares (million shares) | | :--- | :--- | :--- | | Xinhe International Co., Ltd. | 63.09% | 272.716 | | Xiamen Junsheng Investment Partnership (Limited Partnership) | 4.52% | 19.539 | | Fujian Hengxing Energy Co., Ltd. | 1.62% | 7.000 | - The company's actual controllers are members of the Sun family, who collectively control **65.02%** of the company's shares through Xinhe International, Xiamen Xinhe Equity Investment Co., Ltd., and Jufu Development Co., Ltd[13](index=13&type=chunk) [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company completed a share repurchase plan, continued its restricted stock incentive program, and finalized industrial and commercial changes, including a planned increase in business scope - The company's share repurchase plan has been completed, with **10 million shares** repurchased, representing **2.31%** of the total share capital, for a total transaction amount of **87.40 million yuan**, intended for employee stock ownership or equity incentive plans[15](index=15&type=chunk)[16](index=16&type=chunk) - The company continues to advance its 2021 restricted stock incentive plan, repurchasing and canceling unvested restricted shares from several employees who have resigned or failed to meet performance targets[17](index=17&type=chunk)[18](index=18&type=chunk)[19](index=19&type=chunk) - The company completed industrial and commercial registration changes for its registered capital and domicile, and plans to expand its business scope and reappoint the auditor for fiscal year 2022[19](index=19&type=chunk)[20](index=20&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This report presents the unaudited consolidated balance sheet as of September 30, 2022, and the consolidated income statement and cash flow statement for the year-to-date period [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, total assets were 3,553.55 million yuan, a 6.99% decrease from year-end, primarily due to construction in progress reclassification to fixed assets Consolidated Balance Sheet (as of September 30, 2022) | Item | September 30, 2022 (million yuan) | December 31, 2021 (million yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,553.55 | 3,820.51 | -6.99% | | Total Liabilities | 706.94 | 776.03 | -8.90% | | Equity Attributable to Parent Company Shareholders | 2,846.60 | 3,044.49 | -6.50% | [Consolidated Income Statement](index=8&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first three quarters of 2022, operating revenue was 1,303.60 million yuan, a 13.48% decrease, resulting in a 47.27% decline in net profit attributable to parent company shareholders Consolidated Income Statement (Year-to-Date) | Item | 2022 Q1-Q3 (million yuan) | 2021 Q1-Q3 (million yuan) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,303.60 | 1,506.75 | -13.48% | | Total Operating Costs | 1,094.23 | 1,125.02 | -2.74% | | Operating Profit | 175.05 | 336.06 | -47.91% | | Net Profit Attributable to Parent Company Shareholders | 129.35 | 245.32 | -47.27% | [Consolidated Cash Flow Statement](index=9&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Year-to-date net cash flow from operating activities decreased by 38.86% to 174.13 million yuan, while investing and financing activities saw significant shifts due to cash management and capital distribution Consolidated Cash Flow Statement (Year-to-Date) | Item | 2022 Q1-Q3 (million yuan) | 2021 Q1-Q3 (million yuan) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 174.13 | 284.82 | -38.86% | | Net Cash Flow from Investing Activities | -228.76 | -883.72 | 74.11% | | Net Cash Flow from Financing Activities | -377.08 | -230.76 | -63.41% | | Net Increase in Cash and Cash Equivalents | -429.83 | -829.88 | 48.21% | [Audit Opinion](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2022 third-quarter report has not been audited - The company's third-quarter report is unaudited[27](index=27&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was ¥897,552,759.69, a decrease of 14.25% compared to ¥1,046,682,572.75 in the same period last year[21]. - The net profit attributable to shareholders was ¥99,140,580.09, down 48.49% from ¥192,449,930.57 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥88,484,507.61, representing a 52.78% decline from ¥187,394,139.36 in the previous year[21]. - The net cash flow from operating activities was ¥129,746,227.98, a decrease of 47.82% compared to ¥248,650,805.96 in the same period last year[21]. - Basic earnings per share were ¥0.2275, down 49.57% from ¥0.4511 in the previous year[21]. - Total assets at the end of the reporting period were ¥3,605,781,349.23, a decrease of 5.62% from ¥3,820,513,664.62 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 7.07% to ¥2,829,354,012.15 from ¥3,044,487,595.58 at the end of the previous year[21]. - The weighted average return on net assets was 3.27%, down from 6.44% in the previous year, a decrease of 3.17%[21]. - The company reported a total revenue of 1,127,931,874.59 CNY, which represents a decrease of 10.11% compared to the previous year[89]. - The company reported a total revenue of 67.70 million CNY for the period, with no non-operating fund occupation by controlling shareholders or related parties[135]. Research and Development - The company invested CNY 36.06 million in R&D in the first half of 2022, representing a year-on-year increase of 10.69%[43]. - R&D expenses for the reporting period amounted to 36.06 million yuan, an increase of 10.69% year-on-year, with an annual average investment exceeding 60 million yuan[52]. - The company is increasing investment in R&D to accurately capture fashion trends and consumer preferences, aiming to reduce design risks[110]. - The company plans to enhance its R&D capabilities and supply chain responsiveness to increase market share and profitability[108]. Market and Sales Strategy - The company has established a comprehensive sales network covering major cities across the country, with a focus on self-operated and e-commerce sales models[35]. - The company aims to enhance its brand influence and market penetration through a multi-brand matrix, catering to diverse consumer demographics[45]. - The company is positioned to benefit from the growing recognition of domestic brands among younger consumers, aligning with the "14th Five-Year Plan" for brand development[39]. - The company plans to continue expanding its self-operated model while enhancing its e-commerce presence to adapt to market changes[74]. - The company has expanded its market presence in first and second-tier cities in China, focusing on high-income consumer groups[85]. Inventory and Cost Management - The company's inventory balance for women's clothing decreased by 7.70% year-on-year, with turnover days at 364, down 32 days[58]. - The gross margin for the women's clothing segment is 69.89%, down 5.11% from the previous year[69]. - The total sales expenses for the reporting period amounted to CNY 393.68 million, slightly down from CNY 410.65 million in the previous period[78]. - The company's inventory turnover days for women's clothing were reported at 364 days, with a total inventory balance of CNY 688.14 million, reflecting a decrease in inventory management efficiency[83]. Shareholder and Equity Management - The company plans to repurchase shares with a budget of up to 142 million yuan to buy back 5-10 million shares, aimed at employee stock ownership plans or equity incentives[59]. - The company granted 5.002 million restricted stock options to 42 individuals as part of its 2021 incentive plan, with a listing date of May 24, 2021[119]. - The company has fulfilled its commitment regarding the lock-up period for shares, which is set for 36 months from the IPO date[131]. - The company has a long-term commitment to ensure the accuracy and completeness of the prospectus[131]. Legal and Compliance Issues - The company is involved in several ongoing legal cases, including labor disputes and intellectual property rights infringements, with a total involved amount of 534.70 million CNY[140]. - The company has a total of 270.90 million CNY involved in trademark infringement cases, with some cases pending judgment[140]. - The company is also facing copyright infringement cases with a total amount of 150.00 million CNY, with some cases already adjudicated[140]. - The half-year financial report has not been audited[137]. Future Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25%[132]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of 2022[132]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of identifying at least three potential candidates by the end of the year[132]. - The company has set a target to reduce operational costs by 15% over the next year through efficiency improvements[132].

Financial Performance - The company's operating revenue for Q1 2022 was ¥503,622,669.84, a decrease of 7.44% compared to ¥544,112,612.71 in the same period last year[3] - The net profit attributable to shareholders for Q1 2022 was ¥62,154,069.40, down 34.29% from ¥94,587,353.87 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,219,700.45, a decline of 39.49% compared to ¥92,906,366.13 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 503.62 million, a decrease of 7.4% from CNY 544.11 million in Q1 2021[33] - Net profit for Q1 2022 was CNY 62.15 million, down 34.3% from CNY 94.59 million in Q1 2021[35] - Basic earnings per share for Q1 2022 were CNY 0.1457, compared to CNY 0.2217 in the same period last year[37] Cash Flow - The net cash flow from operating activities was ¥87,767,519.55, representing a decrease of 17.18% from ¥105,977,843.41 in the same period last year[3] - Total cash inflow from operating activities amounted to $558,121,041.42, while cash outflow was $470,353,521.87, resulting in a net cash inflow of $87,767,519.55[40] - Cash flow from investment activities showed a net outflow of ¥302,097,620.31, improving from a net outflow of ¥471,725,226.99 in the previous year[42] - Cash inflow from investment activities totaled $16,875,400.68, while cash outflow reached $318,973,020.99[40] - Net cash flow from financing activities was -$59,710,127.05, compared to -$29,818,430.72 in the previous year, indicating increased cash outflow[42] - The ending balance of cash and cash equivalents was $830,417,652.57, down from $1,057,730,682.34 in the previous year[42] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥3,708,233,276.84, down 2.94% from ¥3,820,513,664.62 at the end of the previous year[5] - Total assets decreased to CNY 3.71 billion from CNY 3.82 billion year-over-year[31] - Total liabilities decreased to CNY 635.62 million from CNY 776.03 million in the previous year[29] - The company's total non-current assets amounted to CNY 1.24 billion, a slight decrease from CNY 1.27 billion year-over-year[29] Shareholder Information - The company has a significant shareholder, Xinha International Limited, holding 63.08% of the shares, with a total of 272,716,480 shares pledged[17] - The company has a total of 19,538,880 unrestricted shares held by Xiamen Junsheng Investment Partnership, representing a significant portion of the free float[17] - The company plans to repurchase between 5 million to 10 million shares, representing 1.16% to 2.31% of the total share capital, at a maximum price of RMB 14.80 per share, with an estimated total amount not exceeding RMB 148 million[19] - As of April 7, 2022, the company has repurchased a total of 4,359,200 shares, accounting for 1.01% of the total share capital, with a cumulative transaction amount of RMB 40.07 million[21] - The company is in the process of repurchasing and canceling unvested restricted stock from departing employees, with ongoing procedures for 190,000 shares[24] Operational Efficiency - The weighted average return on equity decreased to 2.03% from 3.19% year-on-year, a drop of 1.16%[3] - The company reported a significant increase in trading financial assets, which rose by 369.66% to ¥331,575,041.81 due to increased purchases of cash management products[9] - The company's trading financial assets increased significantly from RMB 70,599,209.52 to RMB 331,575,041.81 during the reporting period[26] - Accounts receivable decreased from RMB 194,295,915.73 to RMB 180,316,775.13, indicating a reduction in outstanding receivables[26] - Inventory decreased from RMB 605,493,641.15 to RMB 556,953,595.87, reflecting improved inventory management[26] - Total operating costs increased to CNY 403.17 million, up 4.3% from CNY 385.17 million in the previous year[33] - Research and development expenses increased to CNY 17.73 million, up from CNY 15.34 million in the previous year[33] Government Support - Government subsidies received increased by 59.82% to ¥6,107,873.14 compared to ¥3,821,634.62 in the same period last year[12]

Financial Performance - The company's operating revenue for 2021 was CNY 2,101,809,085.78, representing a 14.66% increase compared to CNY 1,833,077,163.47 in 2020[18] - The net profit attributable to shareholders for 2021 was CNY 287,119,503.88, a significant increase of 61.07% from CNY 178,252,533.67 in 2020[18] - The net profit after deducting non-recurring gains and losses was CNY 275,341,892.63, up 59.35% from CNY 172,792,308.09 in the previous year[18] - The basic earnings per share for 2021 was CNY 0.6684, reflecting a 26.66% increase from CNY 0.5277 in 2020[18] - The total assets at the end of 2021 were CNY 3,820,513,664.62, a 6.49% increase from CNY 3,587,755,693.15 at the end of 2020[20] - The net assets attributable to shareholders at the end of 2021 were CNY 3,044,487,595.58, which is a 4.27% increase from CNY 2,919,811,498.50 in 2020[20] - The net cash flow from operating activities for 2021 was CNY 446,267,585.37, down 11.86% from CNY 506,329,434.00 in 2020[18] - The weighted average return on equity for 2021 was 9.68%, an increase from 8.36% in 2020[20] Revenue and Sales - In Q1 2021, the company reported revenue of ¥544.11 million, with a net profit attributable to shareholders of ¥94.59 million, and a net cash flow from operating activities of ¥105.98 million[23] - The company's revenue in Q4 2021 increased to ¥595.06 million, while the net profit attributable to shareholders decreased to ¥41.80 million[23] - The net profit excluding non-recurring gains and losses in Q3 2021 was ¥49.83 million, reflecting a decline compared to previous quarters[23] - The company operated 496 stores nationwide, with 407 being self-operated, contributing CNY 1.46 billion in revenue, a growth of 10.11%[46] - E-commerce revenue reached CNY 490 million, growing by 27% and accounting for 23.29% of total revenue[48] - The total sales volume of women's clothing reached 2,665,021 units, a year-on-year increase of 7.04%[60] - The revenue from women's clothing amounted to 597.71 million yuan, accounting for 99.76% of total operating costs, with a year-on-year increase of 16.69%[61] Inventory and Management - The inventory balance decreased by 14.21% year-on-year, indicating improved inventory turnover efficiency[49] - The inventory level decreased by 15.30% year-on-year, with a total inventory of 2,604,023 units[60] - The company's inventory decreased by 1.76% to ¥605.49 million, attributed to improved inventory management[92] - The average inventory turnover days for women's clothing was 357 days[77] Research and Development - R&D expenses amounted to CNY 72.17 million, reflecting a year-on-year increase of 22.41%[39] - The company's R&D investment increased by 22.41% year-on-year, reaching approximately ¥72.17 million, accounting for 3.43% of total revenue[83] - The number of R&D personnel increased by 5.04% to 438, maintaining a stable proportion of 9.00% of total employees[83] Market Strategy and Expansion - The company has established a comprehensive sales network covering major cities in China, focusing on high-end women's fashion brands[32] - The company aims to enhance brand recognition and expand its market presence through innovative design and marketing strategies[38] - The company plans to leverage the "14th Five-Year Plan" to foster the development of high-end domestic brands in the fashion industry[29] - The company plans to expand its store presence in first and second-tier cities and penetrate third and fourth-tier cities to increase the number and quality of retail outlets[115] - The company will maintain strategic partnerships with major e-commerce platforms like Tmall and Vipshop while optimizing and expanding new online channels to boost sales through live streaming and other digital marketing strategies[117] Corporate Governance - The company held a total of 7 extraordinary general meetings and 1 annual general meeting during the reporting period[131] - The board of directors convened 20 meetings, ensuring compliance with regulations and effective decision-making[132] - The supervisory board held 13 meetings, effectively overseeing major company matters and financial status[132] - The company maintains independent operations from its controlling shareholders, with no business competition or asset disputes[136] - The company has a dedicated investor relations department to ensure transparent communication with shareholders[133] Social Responsibility and Environmental Compliance - The company actively engages in social responsibility initiatives, focusing on investor rights protection, environmental protection, and social welfare[199] - The company has complied with national environmental laws and regulations, with no violations reported during the reporting period[198] - The company has implemented measures to reduce carbon emissions, including promoting energy-saving practices and advocating for a paperless office environment[198] Employee Management and Compensation - The total number of employees at the end of the reporting period was 4,924, with 4,787 in the parent company and 137 in major subsidiaries[173] - The company has implemented a stock incentive plan approved on January 12, 2021, to promote sustainable development and protect shareholder interests[182] - The company has established a scientific salary system and conducts regular salary surveys to maintain competitive salary levels[175] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 9.889 million yuan (before tax)[156] Risk Management - The company acknowledges risks related to potential pandemic impacts on operations and intensifying competition in the fashion industry, particularly in women's apparel, and is taking measures to mitigate these risks[121] - The company recognizes the risk of not accurately grasping women's fashion trends and consumer demand, which could negatively impact brand and sales performance[123] - The company plans to increase investment in automation and intelligent equipment to reduce labor costs and improve operational efficiency[123]

Revenue and Profit - Revenue for Q3 2021 reached ¥460,062,555.79, an increase of 1.58% year-over-year, while year-to-date revenue was ¥1,506,745,128.54, up 22.88% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥52,869,201.70, a 16.88% increase year-over-year, and year-to-date net profit was ¥245,319,132.27, reflecting a significant growth of 105.53%[4] - Basic earnings per share for Q3 2021 decreased by 12.38% to ¥0.1239, while year-to-date basic earnings per share increased by 54.16% to ¥0.5750[4] - The net profit for Q3 2021 was CNY 245,319,132.27, a significant increase from CNY 119,362,184.55 in Q3 2020, representing a growth of approximately 105.6%[27] - Operating profit for the quarter reached CNY 336,062,622.96, compared to CNY 163,612,427.27 in the same period last year, indicating an increase of about 105.5%[27] - Total revenue from operating activities amounted to CNY 1,604,909,267.87, up from CNY 1,309,692,326.16, reflecting a year-over-year growth of approximately 22.5%[30] - The company reported a total comprehensive income of CNY 244,797,013.99 for the quarter, up from CNY 120,052,104.67, marking an increase of approximately 103.5%[28] - Basic earnings per share for Q3 2021 were CNY 0.5750, compared to CNY 0.3730 in Q3 2020, representing a growth of about 54.2%[28] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was ¥284,815,389.59, representing a 10.69% increase[4] - The company reported a significant increase in cash received from operating activities, up 165.35% to ¥26,940,358.95, attributed to higher interest income[11] - Cash flow from investment activities showed a net outflow of ¥883,724,405.32, a significant increase of 1195.97% compared to the previous period, mainly due to increased purchases of cash management products[12] - The company incurred a net cash outflow from investing activities of CNY 883,724,405.32, compared to a net inflow of CNY 80,633,857.96 in the previous year, reflecting a significant change in investment strategy[30] - Cash flow from financing activities recorded a net outflow of ¥230,760,920.45, a decrease of 138.14% compared to the previous period, primarily due to increased profit distribution[12] Assets and Liabilities - The company's total assets as of September 30, 2021, were ¥3,000,063,707.76, a 2.75% increase from the end of the previous year[5] - As of September 30, 2021, the company's total assets amounted to CNY 3,633,458,214.70, an increase from CNY 3,587,755,693.15 at the end of 2020[22][23][24] - The total liabilities decreased to CNY 633,394,506.94 from CNY 667,944,194.65, a decline of 5.2%[23][24] - The company's equity attributable to shareholders increased to CNY 3,000,063,707.76 from CNY 2,919,811,498.50, an increase of 2.8%[24] - Current liabilities totaled approximately CNY 665.82 million, which is an increase of CNY 91.06 million from the previous period[36] - The total liabilities amounted to approximately CNY 667.94 million, reflecting an increase of CNY 163.73 million[36] Expenses and Costs - Management expenses increased by 40.57% to ¥63,247,595.88, primarily due to rising employee compensation and stock incentive expenses[11] - Total operating costs for the current period were CNY 1,125,023,511.97, up from CNY 991,687,240.19, indicating a 13.4% increase[26] - The total operating expenses increased to CNY 1,320,093,878.28 from CNY 1,052,387,464.11, which is an increase of approximately 25.5% year-over-year[30] - The company reported a tax expense of CNY 83,922,179.42 for the quarter, compared to CNY 42,929,039.87 in the same period last year, indicating an increase of about 95.6%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,376, with no preferred shareholders[14] - The largest shareholder, Xinha International Limited, holds 63.18% of the shares, amounting to 272,716,480 shares, all of which are pledged[14] - The company granted a total of 5,002,000 restricted stocks to 42 incentive objects, with the listing date on May 24, 2021[20] - The repurchase price of the restricted stocks was adjusted from CNY 4.86 per share to CNY 4.46 per share due to the departure of one incentive object[20] - The company completed the cancellation of 70,000 restricted stocks that were granted but not unlocked, resulting in a new total share capital of 431,598,700 shares[20] Stock Incentive Plan - The company approved a stock incentive plan on January 12, 2021, aimed at promoting sustainable development and aligning interests with shareholders[17] - The stock incentive plan was revised and approved on January 13, 2021, with independent opinions provided by the supervisory board and independent directors[18] - The stock incentive plan received final approval from the shareholders' meeting on February 22, 2021, allowing the board to determine the grant date and related matters[18] Cash Management - The company’s cash and cash equivalents decreased by 31.44% to ¥1,150,524,368.56, primarily due to increased purchases of cash management products and higher procurement payments[9] - The company's cash and cash equivalents decreased to CNY 1,150,524,368.56 from CNY 1,678,216,447.32, reflecting a decline of 31.3%[22] - The cash and cash equivalents at the end of the period were CNY 622,603,345.27, a decrease from CNY 1,452,486,816.94 at the beginning of the period, indicating a decline of approximately 57.1%[31] - Cash investments amounted to ¥665,000,000, attributed to an increase in cash management products[12]

证券代码：003016 证券简称：欣贺股份 公告编号：临 2021-094 欣贺股份有限公司 关于参加 2021 年度厦门辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步促进公司与投资者互动交流，便于广大投资者更加全面深入地了解 欣贺股份有限公司（以下简称"公司"）经营情况，公司将于 2021 年 9 月 7 日(星 期二)15:00-17:00 参加由厦门证监局指导、厦门上市公司协会联合深圳市全景网 络有限公司举办的"2021 年度厦门辖区上市公司投资者网上集体接待日活动"， 本次活动将通过深圳市全景网络有限公司提供的网上平台进行,投资者可以登录 "全景·路演天下"(http://rs.p5w.net)参与在线交流。 公司出席本次业绩说明会的人员有：公司董事长兼总经理孙瑞鸿先生、公司 副总经理兼财务总监陈国汉先生、公司副总经理兼董事会秘书朱晓峰先生。 欢迎广大投资者积极参与！ 特此公告 欣贺股份有限公司董事会 2021 年 9 月 3 日 ...