证券代码:003023 证券简称:彩虹集团 公告编号:2022-054 成都彩虹电器(集团)股份有限公司 关于参加四川辖区上市公司2022年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，成都彩虹电器（集团）股份有限公司（以 下简称"公司"）将参加由四川证监局、四川省上市公司协会与深圳市全景网络 有限公司联合举办的"2022 年四川辖区上市公司投资者集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行,投资者可登录"全景路演"网站 (http://rs.p5w.net),或关注微信公众号：全景财经，或下载全景路演APP，参 与本次互动交流，活动时间为 2022 年 09 月 16 日(周五) 15:00-17:00。届时公 司部分高管将在线就公司经营业绩、公司治理、发展战略、经营状况、股权激励 和可持续发展等投资者关心的问题，与投资者进行沟通与交流。 欢迎广大投资者踊跃参与。 成都彩虹电器(集团)股份有限公司 董 事 会 2022年9月13日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥532.96 million, a decrease of 10.50% compared to ¥595.52 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥61.54 million, down 26.05% from ¥83.22 million in the previous year[19]. - Basic earnings per share decreased to ¥0.58, down 26.58% from ¥0.79 in the same period last year[19]. - The total profit amounted to 71.00 million yuan, down 29.48% compared to the previous year[35]. - The company reported a net profit margin of approximately 8.16% based on the net profit and operating revenue figures[68]. - The company’s total comprehensive income for the period was CNY 110,867,487.91, compared to CNY 115,064,895.43 in the previous year, indicating a decrease of about 3.8%[159]. - The company reported a net profit of CNY 10,304,047.44 for the period, compared to a loss of CNY 32,412,800.00 in the previous year, indicating a turnaround in profitability[161]. Cash Flow and Assets - The net cash flow from operating activities increased by 50.19% to approximately ¥129.83 million, compared to ¥86.44 million in the same period last year[19]. - The company's cash and cash equivalents increased by 731.36% to approximately ¥35.53 million, mainly due to the increase in net cash flow from operating activities[43]. - The total assets at the end of the reporting period were approximately ¥2.03 billion, reflecting a growth of 5.72% from ¥1.92 billion at the end of the previous year[19]. - The company's total liabilities as of June 30, 2022, amounted to CNY 679,612,648.66, an increase from CNY 607,749,894.14 at the beginning of the year[145]. - The total assets of the company amounted to CNY 1,406,790,128.76, up from CNY 1,303,246,549.59, which is an increase of around 7.9%[159]. Investment and R&D - The company continues to invest in R&D, focusing on core technologies such as dual-layer spiral heating wires and high-performance melting materials[38]. - The company has established a research institute and technology R&D center to innovate and develop new products, responding actively to market feedback and technological advancements[27]. - Research and development expenses decreased by 15.04% to approximately ¥13.14 million compared to ¥15.47 million in the previous year[43]. - The company plans to increase investment in technology innovation and R&D to enhance product value and core competitiveness[70]. Market Strategy and Sales - The company’s sales strategy has shifted towards online channels, with increasing collaboration with major platforms and the exploration of new sales channels such as live streaming and community group buying[29]. - The home heating products market is experiencing strong demand growth, with the company positioned as a leading player in the industry, benefiting from consumer upgrades and innovation[30]. - Online sales contributed 203.34 million yuan, with a slight decrease of 2.73%, accounting for 38.49% of total revenue[36]. - Offline sales reached 324.98 million yuan, down 14.68%, making up 61.51% of total revenue[36]. Risks and Challenges - The company has identified risks including brand counterfeiting and intensified market competition, which may impact future performance[3]. - The company faces risks from intensified market competition in household pest control and flexible heating products, which may impact growth and market share[69]. - The company has established stable raw material supply channels and procurement systems to mitigate risks from rising raw material prices[72]. Corporate Governance and Compliance - The financial report for the first half of 2022 was not audited[134]. - The company has not faced any administrative penalties due to environmental issues during the reporting period, and all pollutant emissions met regulatory standards[82]. - The company maintains a diversified investor communication mechanism to ensure timely and accurate information disclosure, adhering to cash dividend policies[83]. - The company strictly complies with labor laws and regulations, ensuring timely payment of social insurance and supporting employees in need[84]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[3]. - The total number of ordinary shareholders at the end of the reporting period was 12,329[121]. - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of the shares, totaling 52,730,443 shares[121]. - The company distributed cash dividends of 4.00 RMB per 10 shares, totaling 32,412,800 RMB (including tax) during the first half of 2022[110]. Social Responsibility - The company participated in various charitable activities, including cash assistance to vulnerable groups and donations during the COVID-19 pandemic[87]. - The company has established a social responsibility management system to support sustainable development and ensure stakeholder interests are aligned[82].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 241,792,636.94, a decrease of 15.98% compared to CNY 287,780,542.42 in the same period last year[3]. - Net profit attributable to shareholders was CNY 25,074,741.72, down 32.69% from CNY 37,250,909.93 year-on-year[3]. - The company's basic earnings per share decreased by 32.61% to CNY 0.31 from CNY 0.46 in the same period last year[3]. - Net profit for Q1 2022 was CNY 24,626,495.85, representing a decline of 36.38% from CNY 38,661,590.15 in Q1 2021[21]. - Total operating revenue for Q1 2022 was CNY 241,792,636.94, a decrease of 15.99% compared to CNY 287,780,542.42 in the same period last year[20]. - Total operating costs for Q1 2022 were CNY 216,337,592.44, down 11.29% from CNY 243,735,858.06 in the previous year[20]. Cash Flow - The net cash flow from operating activities decreased by 23.23% to CNY 136,395,293.35 from CNY 177,674,174.22 in the previous year[3]. - Cash inflow from operating activities was CNY 475,181,315.05, compared to CNY 532,176,147.57 in the previous year, indicating a decrease of 10.69%[23]. - The net cash flow from operating activities was CNY 136,395,293.35, a decrease of 23.2% compared to CNY 177,674,174.22 in the previous period[25]. - Total cash outflow from operating activities amounted to CNY 338,786,021.70, down from CNY 354,501,973.35 in the prior period[25]. - The net cash flow from investment activities was -CNY 41,860,660.10, worsening from -CNY 15,157,803.63 year-over-year[25]. - Cash inflow from investment activities totaled CNY 60,022,476.40, compared to CNY 27,232.00 in the previous period[25]. - Cash outflow from investment activities reached CNY 101,883,136.50, significantly higher than CNY 15,185,035.63 in the prior period[25]. - The net cash flow from financing activities was CNY 8,256,258.04, improving from -CNY 17,399,098.60 in the previous period[25]. - Cash and cash equivalents increased by CNY 102,790,832.12, compared to an increase of CNY 145,117,271.99 in the prior period[25]. - The ending balance of cash and cash equivalents was CNY 570,142,561.56, down from CNY 984,940,822.59 at the end of the previous period[25]. Assets and Liabilities - Total assets increased by 9.85% to CNY 2,109,764,567.50 compared to CNY 1,920,587,724.05 at the end of the previous year[3]. - Current assets rose to CNY 1,701,404,473.23, compared to CNY 1,514,117,718.08 at the start of the year, marking a growth of about 12.4%[16]. - Cash and cash equivalents increased to CNY 855,407,668.40 from CNY 703,928,110.06, reflecting a growth of approximately 21.5%[16]. - Inventory levels rose to CNY 611,166,505.68, up from CNY 546,601,719.62, indicating an increase of around 11.8%[16]. - The total liabilities increased to CNY 702,089,309.92 from CNY 537,497,741.74, representing an increase of approximately 30.6%[17]. - The company's total liabilities increased to CNY 705,283,296.00 from CNY 541,018,356.33 at the beginning of the year, reflecting a rise of 30.39%[21]. - The company's non-current assets totaled CNY 408,360,094.27, slightly up from CNY 406,470,005.97 at the beginning of the year[17]. Investments and Expenditures - The company reported a significant increase in construction in progress by 92.65%, reaching CNY 15,226,350.09 due to investments in flexible electric heating product industrialization projects[7]. - The company has invested CNY 150,000 in the Xingkong Zhiqian Fund as part of its strategy to diversify investments[13]. - Research and development expenses for Q1 2022 were CNY 7,261,731.63, an increase from CNY 6,455,897.89 in the same period last year, indicating a focus on innovation[21]. Other Notable Events - The company did not report any new product launches or technological advancements during this quarter[3]. - There were no significant mergers or acquisitions reported in this quarter[3]. - The company recorded a 257.11% increase in credit impairment losses, amounting to CNY 1,451,276.42, due to the reversal of bad debt provisions[8]. - The company has initiated litigation to recover CNY 36,710,239.47 related to a bill dispute, which is currently under resolution[14]. - The company reported a financial expense of CNY -3,366,695.39, which includes interest expenses of CNY 64,534.64, showing a reduction in financial costs[21]. - Deferred income decreased slightly to CNY 2,402,924.02 from CNY 2,447,133.76 at the beginning of the year[21]. - The company paid CNY 88,214,095.59 to employees, a decrease from CNY 95,624,129.47 in the previous period[25]. - Tax payments decreased to CNY 24,525,508.39 from CNY 49,792,061.50 in the prior period[25].

Financial Performance - The company's operating revenue for 2021 was CNY 1,144,149,048.63, representing a 7.47% increase compared to CNY 1,064,613,524.52 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 110,867,487.91, a decrease of 1.51% from CNY 112,565,993.15 in 2020[17]. - The basic earnings per share for 2021 was CNY 1.37, down 25.95% from CNY 1.85 in 2020[17]. - Total assets at the end of 2021 were CNY 1,920,587,724.05, an increase of 2.05% from CNY 1,881,968,471.31 at the end of 2020[17]. - The net assets attributable to shareholders increased by 7.12% to CNY 1,347,049,255.83 at the end of 2021 from CNY 1,257,565,210.58 at the end of 2020[17]. - The company reported a total profit for 2021 of 132.23 million yuan, a decrease of 4.30% compared to the previous year[98]. - The revenue from home flexible heating products increased by 57.88% year-on-year, while the revenue from home sanitation products decreased by 9.88%[38]. - The company achieved a total revenue of 1,144.15 million CNY in 2021, representing a year-on-year growth of 7.47%[98]. - The company reported a net profit of 150 million CNY for the year, an increase of 10% compared to the previous year[178]. Dividend and Profit Distribution - The company reported a profit distribution plan to distribute a cash dividend of 4.00 RMB per 10 shares (including tax) to all shareholders, based on a total of 81,032,000 shares[7]. - The company reported a total distributable profit of 529,553,477.12 yuan, with cash dividends accounting for 100% of the profit distribution[147]. - The company plans to distribute a cash dividend of 4.00 yuan per 10 shares and to increase capital by 3.00 shares per 10 shares from capital reserves[149]. Market and Product Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the home appliance sector[12]. - The company aims to leverage both offline and online sales channels to maximize product reach and customer engagement[11]. - The company is actively investing in research and development for new products and technologies to stay competitive in the market[12]. - The company is exploring potential mergers and acquisitions to enhance its growth trajectory and market share[12]. - The company is enhancing its product line with innovations in smart sleep management electric blankets and other health-oriented products[38]. - The company is committed to innovation, collaborating with universities and suppliers to develop new technologies and products[33]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan for potential deals[124]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding brand counterfeiting, intensified market competition, and changes in tax incentive policies[7]. - The company has a strong governance structure in place, with all board members present for the report's approval[7]. - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its management team[6]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team to ensure effective operation[106]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business, ensuring a complete and independent operational system[110]. Research and Development - The company has core technologies in flexible heating products, including dual-layer spiral heating wires and high-performance melting materials, which enhance its competitive edge[35]. - The company completed several key R&D projects aimed at improving product performance and expanding product lines, including a new type of electric blanket and an automatic wiring machine[65]. - The company plans to enhance its product innovation and R&D investment to improve product iteration speed and adapt to market changes[99]. - The company is investing 200 million CNY in R&D for new product development, focusing on smart home appliances[177]. Marketing and Sales - The company is actively expanding its online sales channels, leveraging e-commerce platforms and live streaming to tap into market potential[29]. - The company’s marketing strategy integrates online and offline channels, enhancing market penetration and customer engagement[34]. - The e-commerce department achieved online sales of 398.33 million yuan, representing a year-on-year growth of 33.26% and accounting for 34.81% of total revenue[43]. - The company expanded its marketing channels, developing over 40 community group buying clients to mitigate sales losses due to channel fragmentation[41]. Social Responsibility and Community Engagement - The company donated over 20 million yuan worth of materials to medical personnel and frontline volunteers during the pandemic in November 2021[165]. - The company has established the "Rainbow Special Fund" and has donated over 20 million yuan to various charitable projects, including education and poverty alleviation[166]. - The company has been actively involved in social welfare projects, contributing a total of 1.8856 million yuan in donations and materials in 2021[167]. - The company emphasizes environmental protection and has implemented regulations for waste management, ensuring compliance with national laws[164]. Compliance and Internal Controls - The company has effectively maintained internal controls with no significant deficiencies reported in financial reporting[151]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls as of December 31, 2021[156]. - The company has established a comprehensive quality control system, adhering to ISO9001 and ISO14001 standards, ensuring product quality throughout the entire process[43]. - The company has a commitment to maximizing shareholder returns through a stable and scientific long-term investment return mechanism[162]. Employee Engagement and Management - The company has a stable and dynamic management team, contributing to its sustained leadership in product sales within the industry[31]. - The total number of employees at the end of the reporting period is 3,357, with 1,707 in the parent company and 1,650 in major subsidiaries[140]. - The company has established a comprehensive employee training system, focusing on various skills including management, production safety, and marketing[143]. - The company has implemented a performance-based salary structure for management and technical staff, ensuring fair compensation[141]. Shareholder Commitments and Lock-up Periods - The company has committed to not transferring or managing its shares for 36 months post-IPO, ensuring stability in its shareholding structure[170]. - The company has outlined specific penalties for non-compliance with lock-up commitments, including public disclosures and financial restitution[172]. - The company has established a clear framework for accountability regarding shareholder commitments and potential repercussions for violations[172]. - The company will publicly apologize and repurchase any shares sold in violation of the commitment if the commitment is not fulfilled[187].

Financial Performance - The company's revenue for Q3 2021 was ¥163,729,416.06, representing a 3.28% increase year-over-year, while the year-to-date revenue reached ¥759,250,363.29, up 17.96% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥5,581,795.32, a decrease of 13.98% year-over-year, with a year-to-date net profit of ¥88,804,065.23, reflecting an increase of 11.84%[3] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥4,084,771.67, down 35.53% year-over-year, while the year-to-date figure was ¥85,118,608.03, an increase of 16.78%[3] - Total operating revenue for Q3 2021 reached CNY 759,250,363.29, an increase of 18.0% compared to CNY 643,676,094.99 in Q3 2020[16] - Net profit for Q3 2021 was CNY 92,323,779.54, up 10.3% from CNY 83,765,897.13 in the same period last year[17] - Operating profit for the period was CNY 109,829,985.26, reflecting a growth of 7.9% from CNY 101,822,886.75 in Q3 2020[17] Assets and Liabilities - The company's total assets as of September 30, 2021, were ¥1,940,496,810.79, a 3.11% increase from the end of the previous year[3] - Total current assets as of September 30, 2021, amount to ¥1,540,499,500.68, an increase from ¥1,493,255,891.64 at the end of 2020[14] - Total liabilities as of September 30, 2021, are ¥584,120,428.02, slightly up from ¥578,721,921.72 at the end of 2020[15] - The company’s total assets reached ¥1,940,496,810.79, up from ¥1,881,968,471.31 at the end of 2020[14] - Non-current liabilities rose from ¥1,651,185.27 to ¥4,987,798.64, with an increase of ¥3,336,613.37 due to the new leasing standard[24] - The total liabilities increased from ¥578,721,921.72 to ¥582,058,535.09, showing an adjustment of ¥3,336,613.37[24] Cash Flow and Expenses - Cash flow from operating activities for the year-to-date period was ¥69,570,016.50, a significant decrease of 46.56% compared to the same period last year[3] - Cash flow from operating activities generated CNY 69,570,016.50, down 46.5% from CNY 130,175,578.49 in Q3 2020[19] - The company reported a significant increase in financial expenses, with a year-to-date figure of -¥12,614,939.45, up 354.18% year-over-year, attributed to increased interest income from idle funds[8] - The company recorded a financial expense of CNY -12,614,939.45, compared to CNY -2,777,505.95 in Q3 2020, indicating a significant change in financial costs[16] - The company experienced a 66.90% increase in accounts payable, reaching ¥121,680,254.42, due to increased raw material purchases in preparation for the peak production season[7] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,117[10] - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of shares, totaling 40,561,879 shares[10] Research and Development - Research and development expenses for the year-to-date period were ¥22,890,234.97, reflecting a 40.74% increase compared to the previous year[7] - Research and development expenses increased to CNY 22,890,234.97, a rise of 40.5% compared to CNY 16,263,654.21 in the previous year[16] Inventory and Current Assets - Inventory increased to ¥553,116,431.28 from ¥439,392,837.91 year-over-year[14] - The company’s inventory was reported at ¥439,392,837.91, with no adjustments[23] Other Financial Metrics - The weighted average return on equity for the year-to-date period was 6.86%, down 3.30% compared to the previous year[3] - The basic and diluted earnings per share for Q3 2021 were both CNY 1.10, down from CNY 1.31 in the same period last year[17] - The company reported a significant increase in other receivables, rising to ¥16,436,260.11 from ¥12,907,520.78 year-over-year[14] - Contract liabilities increased to ¥295,203,997.27 from ¥249,245,595.90 year-over-year[15] Audit Status - The third quarter report was not audited, indicating that the financial data may be subject to further review[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥595,520,947.23, representing a 22.75% increase compared to ¥485,153,046.18 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥83,222,269.91, up 14.14% from ¥72,912,909.98 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥81,033,836.36, reflecting a 21.76% increase from ¥66,550,738.95 in the prior year[22]. - The net cash flow from operating activities was ¥86,442,042.31, which is a 20.00% increase compared to ¥72,035,351.72 in the same period last year[22]. - The total assets at the end of the reporting period were ¥1,931,507,940.68, a 2.63% increase from ¥1,881,968,471.31 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 4.88% to ¥1,318,955,191.15 from ¥1,257,565,210.58 at the end of the previous year[22]. - The basic earnings per share decreased by 14.17% to ¥1.03 from ¥1.20 in the same period last year[22]. - The diluted earnings per share also decreased by 14.17% to ¥1.03 from ¥1.20 in the previous year[22]. - The weighted average return on equity was 6.41%, down from 9.29% in the same period last year, a decrease of 2.88%[22]. Business Operations - The main business focuses on household flexible heating appliances and household sanitation insecticides, with no significant changes in major products during the reporting period[30]. - The company maintains a stable R&D and supply chain system, emphasizing quality and user-centric operations[30]. - The household flexible heating appliance industry is entering a mature phase with high market competition, while the household sanitation insecticide industry is rapidly developing but lacks international competitiveness[33]. - The company has core technologies in flexible heating appliances and household sanitation insecticides, participating in the drafting of several industry standards[34]. - The company’s sales model includes both traditional distribution and increasing online sales, adapting to new market trends[32]. - The company aims to leverage technological advancements and consumer demand for eco-friendly products in the household sanitation insecticide sector[33]. - The company is positioned to benefit from the clean heating policy in northern China, which is expected to create new development opportunities[33]. - The company emphasizes a dual-channel marketing strategy, integrating online and offline sales to enhance market penetration[32]. - The company has established a comprehensive supplier evaluation and quality control system to ensure timely and high-quality raw material supply[31]. Research and Development - Research and development investment increased by 44.97% to ¥15,469,439.59, compared to ¥10,671,145.49 in the previous year, due to delays in some projects caused by the pandemic in 2020[46]. - The company is focusing on product innovation, developing multifunctional products such as moisture removal, sleep monitoring, and outdoor mosquito repellent products[38]. - The company is focusing on R&D innovations, particularly in antibacterial materials and technologies, to strengthen its competitive edge in the industry[43]. Marketing and Sales - Online sales accounted for 35.44% of total revenue, with a significant growth of 75.51% year-on-year, while offline sales grew by 5.08%[40]. - The company is expanding its marketing channels, emphasizing community group buying and B2B home delivery services to enhance sales reach[39]. - Future strategies include leveraging the complete upstream and downstream industrial chain to focus on health, intelligence, and environmental sustainability[36]. - The company aims to strengthen its brand influence through collaborations with media platforms and cultural initiatives[38]. Financial Management - The company has not distributed cash dividends or bonus shares for the half-year period and has no plans for capital reserve transfers[71]. - The company benefits from various tax incentives, including income tax reductions for subsidiaries, which enhance profit levels; however, changes in these policies could negatively impact profits[67]. - The company faces risks from fluctuations in raw material prices, including PET and pesticides, and has established stable supply channels and price-locking contracts to mitigate these risks[67]. - The company has implemented effective pollution control measures, with all emissions meeting regulatory standards and no environmental violations reported during the period[76]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,776[109]. - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of the shares, totaling 40,561,879 shares[109]. - The total number of shares is 81,032,000, with 74.95% being restricted shares[106]. - The number of unrestricted shares is 20,300,000, accounting for 25.05% of the total[106]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[112]. - There were no changes in the controlling shareholder or actual controller during the reporting period[114]. Legal and Compliance - The semi-annual financial report has not been audited[82]. - No significant litigation or arbitration matters occurred during the reporting period[85]. - The company is involved in a lawsuit regarding a sales contract dispute with an amount of 58,600 RMB (approximately 5.86 million RMB) which is currently under trial[85]. - The company has ongoing trademark protection actions against infringement, with individual case amounts not exceeding 10,000 RMB[86]. Corporate Governance - The company has not experienced any changes in its board or management during the reporting period[70]. - The company has not engaged in any non-operating fund occupation by major shareholders or related parties during the reporting period[80]. - The company has no preferred shares outstanding during the reporting period[117]. - The report indicates that there are no significant changes in the shareholding structure of directors, supervisors, and senior management[113]. Future Outlook - The company plans to continue expanding its market presence and developing new products, although specific figures were not disclosed in the report[151]. - Future outlook includes potential strategic acquisitions to enhance market share and product offerings, aligning with the company's growth strategy[151].

Financial Performance - The company's operating revenue for 2020 was CNY 1,064,613,524.52, representing a 5.88% increase compared to CNY 1,005,534,170.91 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 112,565,993.15, a 33.66% increase from CNY 84,215,972.77 in 2019[19]. - The net cash flow from operating activities reached CNY 195,227,488.24, a significant increase of 876.67% compared to CNY 19,989,101.68 in 2019[19]. - The total assets at the end of 2020 were CNY 1,881,968,471.31, marking a 44.16% increase from CNY 1,305,495,142.90 at the end of 2019[19]. - The net assets attributable to shareholders increased by 67.04% to CNY 1,257,565,210.58 at the end of 2020, up from CNY 752,843,988.34 in 2019[19]. - The company reported a basic earnings per share of CNY 1.85 for 2020, which is a 33.09% increase from CNY 1.39 in 2019[19]. - The company achieved operating revenue of 1,064.61 million yuan in 2020, representing a year-on-year growth of 5.88%[43]. - The net profit attributable to the parent company was 112.57 million yuan, an increase of 33.66% compared to the previous year[43]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total share capital of 81,032,000 shares[4]. - The cash dividend represents 28.79% of the net profit attributable to ordinary shareholders, which was 112,565,993.15 yuan in 2020[109]. - The total distributable profit for the year was 486,115,270.32 yuan, with the cash dividend accounting for 100.00% of the profit distribution[110]. - The company has maintained a minimum cash dividend ratio of 80% during profit distribution due to its mature development stage[111]. - The company has a structured approach to cash dividend conditions, requiring positive distributable profits and sufficient cash flow[103]. Business Operations - The company maintained its main business focus on the research, production, and sales of home heating appliances and pest control products, with no significant changes in its product lines during the reporting period[28]. - The company operates a fully integrated business model encompassing research, procurement, production, and sales[28]. - The company has established a comprehensive supplier evaluation system to ensure quality and reliability in procurement[30]. - The company is focusing on the development of health and energy-saving products to optimize its product structure and enhance R&D capabilities[31]. - The company has developed proprietary technologies, including dual-layer spiral heating wire technology and long-lasting release technology for mosquito repellent products[37]. Market and Competition - The household flexible heating appliance industry is entering a mature phase, with strong market demand and intense competition among manufacturers[32]. - The company is a leading player in the electric blanket industry, continuously leading in technology innovation, production levels, and product sales[34]. - The company faces risks from market competition and will enhance product innovation to maintain its competitive edge[93]. - The company is exposed to risks from extreme warm winter weather affecting demand for heating products and will focus on product upgrades to mitigate this[94]. Research and Development - The company invested ¥25,045,591.84 in R&D, accounting for 2.35% of total revenue, a decrease from 2.57% in the previous year[64]. - The number of R&D personnel increased by 6.58% to 162, representing 5.13% of the total workforce[64]. - The company aims to enhance its R&D capabilities by developing smart electric blankets and expanding its product range to include outdoor mosquito repellents[88]. - The company will increase R&D investment and establish a mechanism for new product development, focusing on health-oriented and multifunctional heating products[90]. Corporate Governance and Compliance - The company has committed to fulfilling its public commitments as disclosed in the prospectus, with measures in place for any non-compliance[140]. - The company emphasizes the importance of transparency and accountability in its financial reporting practices[134]. - The company has established a management system for related party transactions to ensure compliance and transparency[138]. - The company will ensure compliance with legal requirements for the issuance of shares and will take necessary actions if any violations are identified[132]. Social Responsibility - The company actively participated in social responsibility initiatives, including donations of 300,000 RMB for COVID-19 relief efforts[168]. - The company has cumulatively donated over 20 million RMB to the "Rainbow Fund" established at the Chengdu Charity Federation[171]. - The company was recognized as an "Advanced Unit in the Ten Thousand Enterprises Helping Ten Thousand Villages Precision Poverty Alleviation Action" by Chengdu in 2020[171]. Shareholder Structure - The company had a total of 22,024 common shareholders at the end of the reporting period[186]. - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of the shares, totaling 40,561,879 shares[187]. - The company has a diverse shareholder structure, with significant stakes held by various investment funds and private entities[187]. - The company has not reported any changes in the equity situation of its controlling shareholder or associated companies during the reporting period[190]. Risk Management - The company emphasizes the importance of risk awareness regarding market competition, extreme weather conditions, and changes in tax policies that may affect performance[4]. - The company is at risk of rising raw material costs, which could impact production and profitability[96]. - The company has established stable supplier relationships and supply channels, implementing measures to track bulk raw material prices and analyze future price trends[97].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 287,780,542.42, representing a 51.38% increase compared to CNY 190,102,538.74 in the same period last year[7]. - Net profit attributable to shareholders was CNY 37,250,909.93, up 48.88% from CNY 25,021,042.52 year-on-year[7]. - The net profit after deducting non-recurring gains and losses reached CNY 36,931,618.56, marking a significant increase of 71.93% compared to CNY 21,481,068.86 in the previous year[7]. - Basic earnings per share rose to CNY 0.46, a 12.20% increase from CNY 0.41 in the previous year[7]. - Operating profit for Q1 2021 was ¥45,004,732.30, up 39.0% from ¥32,387,882.71 in the same period last year[38]. - Net profit for Q1 2021 was ¥38,661,590.15, representing a 43.9% increase compared to ¥26,810,718.81 in Q1 2020[38]. - The total comprehensive income for the period was CNY 32,143,869.58, an increase of 36.2% compared to CNY 23,610,208.88 in the previous period[42]. Cash Flow - The net cash flow from operating activities was CNY 177,674,174.22, an increase of 51.51% from CNY 117,270,983.99 in the same period last year[7]. - Cash received from sales and services amounted to ¥525,860,293.36, a 43.73% increase from ¥365,859,751.79 in the same period last year, indicating improved cash flow from operations[16]. - Cash inflows from operating activities amounted to CNY 532,176,147.57, up 43.3% from CNY 371,427,340.47 in the prior period[45]. - The ending cash and cash equivalents balance was CNY 984,940,822.59, up from CNY 373,068,925.29 at the end of the previous period[46]. - Cash outflows for purchasing goods and services were CNY 167,474,692.19, an increase of 24.3% from CNY 134,646,514.79[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,092,081,467.80, reflecting an 11.16% increase from CNY 1,881,968,471.31 at the end of the previous year[7]. - Total liabilities increased to ¥749,837,937.73 from ¥578,721,921.72, marking an increase of about 29.49%[30]. - The company's cash and cash equivalents rose to ¥1,013,334,207.82, compared to ¥863,183,796.99 at the end of 2020, an increase of approximately 17.36%[28]. - The total liabilities increased to ¥821,946,634.97 as of March 31, 2021, up from ¥637,347,201.11 at the end of 2020[36]. - The company reported a total current liability of CNY 577,070,736.45, including contract liabilities of CNY 249,245,595.90[53]. Shareholder Information - The company reported a total of 15,925 common shareholders at the end of the reporting period[10]. - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of the shares, totaling 40,561,879 shares[10]. - The net assets attributable to shareholders increased to CNY 1,295,075,608.37, up 2.98% from CNY 1,257,565,210.58 at the end of the last year[7]. Operational Highlights - The company's operating revenue for Q1 2021 reached ¥287,780,542.42, a 51.38% increase compared to ¥190,102,538.74 in the same period last year, primarily due to increased sales of household flexible heating appliances[15]. - Accounts receivable decreased by 36.49% to ¥101,424,428.98 from ¥159,694,673.69, mainly due to the collection of payments for household flexible heating appliances[14]. - The company reported a significant increase in contract liabilities, which rose by 67.06% to ¥416,396,660.61, attributed to advance payments received for household pest control products[14]. - The total amount of prepayments increased by 231.92% to ¥28,633,989.36, as the company ramped up material procurement in preparation for the peak production season of household pest control products[14]. - The company’s long-term investments increased to ¥293,624,477.53 from ¥233,624,477.53, reflecting a growth of approximately 25.67%[35]. Financial Management - The company's financial expenses showed a remarkable increase of 444.53%, resulting in a net income of -¥3,307,330.02, due to higher interest income from idle funds being converted into time deposits[15]. - The company reported a financial expense of -¥3,307,330.02 in Q1 2021, compared to -¥607,369.44 in the same period last year, showing improved financial management[37]. - The company has not engaged in any securities or derivative investments during the reporting period[18][19]. Research and Development - Research and development expenses for Q1 2021 were ¥6,455,897.89, up from ¥5,821,582.60 in the previous year, indicating a focus on innovation[37]. Audit Status - The company’s financial report for the first quarter was not audited[61].

Financial Performance - The company's operating revenue for 2020 was CNY 1,064,613,524.52, representing a 5.88% increase compared to CNY 1,005,534,170.91 in 2019 [19]. - The net profit attributable to shareholders for 2020 was CNY 112,565,993.15, a 33.66% increase from CNY 84,215,972.77 in 2019 [19]. - The net cash flow from operating activities surged to CNY 195,227,488.24, a significant increase of 876.67% compared to CNY 19,989,101.68 in 2019 [19]. - The total assets at the end of 2020 reached CNY 1,881,968,471.31, marking a 44.16% increase from CNY 1,305,495,142.90 at the end of 2019 [19]. - The net assets attributable to shareholders increased by 67.04% to CNY 1,257,565,210.58 at the end of 2020, up from CNY 752,843,988.34 in 2019 [19]. - The company reported a basic earnings per share of CNY 1.85 for 2020, which is a 33.09% increase from CNY 1.39 in 2019 [19]. - The company achieved operating revenue of 1,064.61 million yuan in 2020, representing a year-on-year growth of 5.88% [42]. - The net profit attributable to the parent company was 112.57 million yuan, an increase of 33.66% compared to the previous year [43]. Dividend Policy - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total share capital of 81,032,000 shares [4]. - The cash dividend amount in 2019 was CNY 24,292,800, which was 28.85% of the net profit attributable to ordinary shareholders [110]. - In 2018, the cash dividend amount was CNY 30,366,000, representing 21.81% of the net profit attributable to ordinary shareholders [110]. - The company aims for a minimum cash dividend distribution of 30% of the average distributable profit over the last three years [105]. - The company has a structured decision-making process for profit distribution, requiring board approval and shareholder voting [106]. - The company has a stable and sustainable profit distribution policy, prioritizing cash dividends while ensuring long-term development and investor returns [102]. Market Position and Strategy - The company has a focus on developing new products and technologies to enhance its market position, although specific figures are not provided in the report [4]. - The company maintained its focus on the development and sales of home heating products and pest control products, with no significant changes in its main business operations during the reporting period [28]. - The company is a leading player in the electric blanket industry, continuously leading in technology innovation, production levels, and product sales [34]. - The household flexible heating appliance industry is entering a mature phase, with strong market demand and intense competition among manufacturers [32]. - The company actively participates in drafting industry standards, promoting healthy development within the household appliance sector [34]. - The company has established a comprehensive supplier evaluation system to ensure quality and reliability in procurement [30]. - The company focuses on health and environmental protection in product development, aligning with consumer trends towards high-quality, energy-efficient heating appliances [31]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding market competition, extreme weather conditions, and potential changes in tax policies that could impact performance [4]. - The company faces risks from market competition and plans to enhance product innovation and technology to maintain competitiveness [94]. - The company is exposed to risks from extreme warm winter weather affecting sales of heating products, which are primarily used in winter and spring [94]. - The company is at risk of rising raw material costs, which could affect production and profitability [97]. - The company relies on a distribution model where over 80% of sales come from distributors, which poses risks related to control over distributor behavior [95]. Corporate Governance and Compliance - The company has committed to maintaining a cash dividend ratio of at least 80% during mature stages without significant capital expenditures [103]. - The company has not engaged in any investor communication activities during the reporting period [99]. - The company has established a clear compensation responsibility for shareholders who fail to adhere to the lock-up commitments, ensuring accountability [119]. - The company has committed to ensuring that any false statements or omissions in the IPO prospectus will lead to compensation for investors who suffer losses [132]. - The company has pledged to handle any future business interests that may compete with the issuer's existing business in a timely and effective manner, including potential asset transfers [138]. Social Responsibility - The company actively participated in social responsibility initiatives, including the "Charity One Day Donation" event, raising 258,000 RMB [172]. - The company donated a total of 705,000 RMB in various forms throughout the year, including 300,000 RMB for COVID-19 relief efforts and 100,000 RMB for flood relief [172][173]. - The company has committed to continuing its poverty alleviation plans, focusing on rural revitalization and precise assistance strategies [175]. - The company received the title of "Advanced Unit in the Action of Helping Thousands of Villages with Thousands of Enterprises" in Chengdu for its poverty alleviation efforts in 2020 [175]. Research and Development - The company has developed core technologies in its product lines, including dual-layer spiral heating wire technology and long-lasting release technology for mosquito repellent products [37]. - The company aims to enhance its R&D capabilities by developing smart electric blankets and expanding the product range to include outdoor mosquito repellents [88]. - Research and development expenses amounted to ¥25,045,591.84, accounting for 2.35% of total revenue, a decrease from 2.57% in the previous year [64]. - The number of R&D personnel increased by 6.58% to 162, representing 5.13% of the total workforce [63].

Financial Performance - The company's operating revenue for Q1 2021 was ¥287,780,542.42, representing a 51.38% increase compared to ¥190,102,538.74 in the same period last year[7]. - The net profit attributable to shareholders was ¥37,250,909.93, up 48.88% from ¥25,021,042.52 year-on-year[7]. - The net profit after deducting non-recurring gains and losses reached ¥36,931,618.56, marking a significant increase of 71.93% compared to ¥21,481,068.86 in the previous year[7]. - Basic earnings per share rose to ¥0.46, reflecting a 12.20% increase from ¥0.41 in the previous year[7]. - The company reported a net profit attributable to shareholders of ¥37,250,909.93, marking a 48.88% increase from ¥25,021,042.52 in the previous year[15]. - Net profit for Q1 2021 was CNY 38,661,590.15, representing a 44.3% increase compared to CNY 26,810,718.81 in Q1 2020[39]. - The total comprehensive income for the first quarter was CNY 32,143,869.58, an increase of 36.2% compared to CNY 23,610,208.88 in the previous period[44]. Cash Flow - The net cash flow from operating activities was ¥177,674,174.22, which is a 51.51% increase from ¥117,270,983.99 in the same quarter last year[7]. - Cash received from sales and services increased by 43.73% to ¥525,860,293.36, driven by higher sales and prepayments[16]. - Cash inflow from operating activities amounted to CNY 532,176,147.57, up 43.3% from CNY 371,427,340.47 in the prior period[47]. - The net cash flow from operating activities was CNY 177,674,174.22, representing a 51.5% increase from CNY 117,270,983.99 in the same period last year[47]. - Cash and cash equivalents at the end of the period reached CNY 984,940,822.59, compared to CNY 373,068,925.29 at the end of the previous period, marking a 164.5% increase[48]. - The company reported cash outflows from investing activities of CNY 15,185,035.63, which is an increase from CNY 12,761,280.23 in the previous period[47]. - The company’s net cash flow from financing activities was -CNY 17,399,098.60, a decline from a positive CNY 4,791,066.67 in the same period last year[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,092,081,467.80, an increase of 11.16% from ¥1,881,968,471.31 at the end of the previous year[7]. - Current assets totaled CNY 1,698,347,429.85, up from CNY 1,493,255,891.64, indicating a rise of about 13.8%[28]. - Total liabilities amounted to CNY 749,837,937.73, compared to CNY 578,721,921.72, showing an increase of approximately 29.5%[30]. - Total liabilities as of March 31, 2021, amounted to CNY 821,946,634.97, an increase from CNY 637,347,201.11 at the end of 2020[36]. - The company’s total assets as of March 31, 2021, were CNY 1,971,614,419.85, up from CNY 1,754,729,324.82 at the end of 2020[36]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,925[10]. - The largest shareholder, Chengdu Rainbow Industrial Co., Ltd., holds 50.06% of the shares, totaling 40,561,879 shares[10]. Operational Highlights - The company's revenue for Q1 2021 reached ¥287,780,542.42, a 51.38% increase compared to ¥190,102,538.74 in the same period last year, primarily due to increased sales of household flexible heating appliances[15]. - The gross profit margin improved, with operating costs rising to ¥149,383,710.05, reflecting a 48.69% increase, which is in line with the revenue growth[15]. - Accounts receivable decreased by 36.49% to ¥101,424,428.98, attributed to the collection of payments for household flexible heating appliances[14]. - The company’s contract liabilities rose by 67.06% to ¥416,396,660.61, reflecting prepayments received for household pest control products[14]. Investment and Funding - The total amount of funds raised from the public offering was ¥484,967,000, with a net amount of ¥416,060,000 after deducting issuance costs[20]. - The company has utilized ¥83,380.00 of the raised funds as of March 31, 2021, with a remaining balance of ¥419,124.30[20]. - The company is focusing on expanding its non-current assets, which totaled CNY 393,734,037.95, up from CNY 388,712,579.67, a growth of approximately 1.3%[29]. - The company has invested in ongoing projects, with construction in progress amounting to CNY 24,930,393.10, an increase from CNY 20,414,366.56, representing a growth of about 22.5%[29]. Financial Standards and Changes - The company adopted the new leasing standard effective January 1, 2021, impacting the measurement of lease liabilities and right-of-use assets[56].