证券代码：300192 证券简称：科斯伍德 编号：2015-002 科斯伍德油墨股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------|-------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 西南证券：李晓迪、张汪强 | | | 人员姓名 | 浙商证券：朱晨 | | | 时间 | 2015 年 7 ...

证券代码：300192 证券简称：科斯伍德 编号：2015-001 科斯伍德油墨股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 华安基金：周阳；海富通基金：张坤；广发证券：吴锡雄； | | 人员姓名 | | 上投摩根：朱晓明；交银施罗德：牛明俊；泰信基金：徐慕 | | | | 浩；平安养老保险：茅玉峰；中海基金：易小金；中银基 | | | | 金：马蘅；南方基金：张磊；安信证券：孙琦峰；国联安基 | | | 金：周南；华富基金：许一； | | | 时间 | 2015 年 6 月 24 ...

证券代码：300192 证券简称：科斯伍德 编号：2016-001 科斯伍德油墨股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------|-----------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 中信建投证券:李永磊 | | | 人员姓名 | | | | 时间 | 2016 年 11 月 24 | 日 | | 地点 | 公司会议室 | | | 上市公司接待人 | 吴贤良 | | | 员姓名 | | | | 投资者关系活动 | 介绍募投项目投产后的情况 | | | 主要内容介绍 | | 公司为国内胶印油墨行业龙头企业，募投的 16000 吨/ 年环 | | | ...

证券代码：300192 证券简称：科斯伍德 编号：2017-001 科斯伍德油墨股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 长江证券:马太 | | | 人员姓名 | | | | 时间 | 2017 年 1 月 6 日 | | | 地点 | 公司会议室 | | | 上市公司接待人 | 张峰 | | | 员姓名 | | | | 投资者关系活动 | | | | 主要内容介绍 | 科斯伍德及行业情况介绍 | | | | | 科斯伍德是国内环保胶印油墨的龙头制造企业。自 2008 年 | | | ...

证券代码：300192 证券简称：科斯伍德 科斯伍德油墨股份有限公司投资者关系活动记录表 编 号 ： 2017- | --- | --- | --- | |-----------------------|---------------------|-------------------------------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及人 | 广发证券：沈明辉 | | | 员姓名 | | | | 时间 | 2017 年 10 月 | 16 日 | | 地点 | 公司会议室 | | | 上市公司 接待人员姓名 | 董事会秘书：张峰 | | | | | | | 投资者关系活动 | 1 | 、请介绍下科斯伍德收购龙门教育的情况 | | 主要内容介绍 | 答 | ：科斯伍德今年转型收购 K12 教育龙头龙门教育，进 ...

编号：2021-001 证券代码：300192 证券简称：科德教育 债券代码：124010 债券简称：科斯定转 苏州科德教育科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | ■特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥199,455,276.02, a decrease of 1.69% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥26,467,640.97, an increase of 47.14% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,381,093.93, up 47.96% from the previous year, mainly due to good enrollment in vocational education business in autumn 2022[9] - Total operating revenue for Q3 2022 was CNY 589,074,411.62, a decrease of 9% compared to CNY 647,373,606.47 in Q3 2021[26] - Net profit for Q3 2022 was CNY 54,100,293.90, a decline of 32.5% from CNY 79,973,151.96 in Q3 2021[27] - The total comprehensive income for the third quarter was CNY 54,100,293.90, a decrease from CNY 79,973,151.96 in the previous year[28] - The basic and diluted earnings per share were both CNY 0.1611, compared to CNY 0.2294 in the previous year[28] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months increased by 33.25% year-on-year, primarily due to an increase in prepaid tuition fees[10] - The net cash flow from operating activities was CNY 120,273,751.37, an increase from CNY 90,264,432.58 in the same period last year[30] - The cash inflow from sales of goods and services was CNY 430,712,864.68, down from CNY 588,271,071.56 year-over-year[29] - The net cash flow from investing activities was -CNY 31,981,807.76, an improvement from -CNY 59,408,473.79 in the prior year[30] - The cash flow from financing activities resulted in a net outflow of -CNY 47,401,494.73, compared to -CNY 175,147,063.19 in the same period last year[30] - The company reported a decrease in cash outflows for employee payments to CNY 171,654,690.15 from CNY 216,029,508.40 year-over-year[30] - The company’s total cash inflow from financing activities was CNY 59,335,743.56, down from CNY 89,105,000.00 in the previous year[30] - The company’s total cash outflow for taxes was CNY 30,902,715.56, a decrease from CNY 47,964,291.61 in the previous year[30] - The total cash and cash equivalents at the end of the period were CNY 392,899,342.19, compared to CNY 377,693,163.21 at the end of the previous year[30] - The company's cash and cash equivalents increased to CNY 433,939,986.88 as of September 30, 2022, up from CNY 349,053,189.13 at the beginning of the year[22] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥1,195,841,966.33, representing a 4.73% increase from the end of the previous year[5] - Total current assets reached CNY 743,893,283.91, representing a 13.1% increase from CNY 657,600,142.95 at the start of the year[23] - The company reported a decrease in accounts receivable to CNY 95,661,688.78 from CNY 117,981,055.41, indicating improved collection efforts[22] - Total liabilities decreased slightly to CNY 473,743,881.51 from CNY 476,755,584.15, indicating stable financial management[24] - The company’s total assets increased to CNY 1,195,841,966.33 from CNY 1,141,813,375.08, reflecting growth in asset base[24] - The company’s equity attributable to shareholders rose to CNY 718,604,900.31, up from CNY 665,565,322.05, indicating improved shareholder value[24] Expenses and Cost Management - Total operating costs for Q3 2022 were CNY 513,982,357.89, down from CNY 555,716,324.08 in the same period last year, reflecting a cost reduction strategy[26] - Research and development expenses for Q3 2022 were CNY 12,321,217.89, down 34.5% from CNY 18,834,093.37 in Q3 2021, suggesting a potential shift in focus[27] - Financial expenses decreased by 170.8% year-on-year, benefiting from exchange gains and increased returns from risk-free financial products[11] Shareholder Information - The company reported a basic earnings per share of ¥0.0804 for Q3 2022, an increase of 32.67% compared to the same period last year[5] - The weighted average return on equity was 4.82%, an increase of 2.97% year-on-year[5] - The number of ordinary shareholders at the end of the reporting period was 18,619[19]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥389,619,135.60, a decrease of 12.35% compared to ¥444,494,840.31 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥26,571,937.29, down 47.01% from ¥50,144,114.31 in the previous year[22]. - The net cash flow from operating activities was -¥8,694,629.75, a decline of 112.41% compared to ¥70,077,448.32 in the same period last year[22]. - Basic earnings per share decreased by 52.19% to ¥0.0807 from ¥0.1688 in the previous year[22]. - Total assets at the end of the reporting period were ¥1,132,328,138.50, a decrease of 0.83% from ¥1,141,813,375.08 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 3.99% to ¥692,137,259.34 from ¥665,565,322.05 at the end of the previous year[22]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥26,785,583.70, down 45.20% from ¥48,879,597.30 in the previous year[22]. - The company's revenue for the reporting period was ¥389,619,135.60, a decrease of 12.35% compared to ¥444,494,840.31 in the same period last year, primarily due to the impact of pandemic lockdowns and reduced market demand[49]. - Operating costs were ¥272,027,507.35, down 1.76% from ¥276,896,186.48, mainly due to increased raw material costs and logistical constraints[49]. - Research and development expenses decreased by 24.67% to ¥8,711,470.43 from ¥11,564,678.64, reflecting a reduction in R&D investment during the reporting period[49]. Business Strategy and Development - The company operates two fully-owned vocational high schools, focusing on talent delivery for vocational college entrance examinations[30]. - The company plans to expand its educational resources through self-development and mergers and acquisitions to enhance the overall quality of private vocational schools[32]. - The company has strengthened its enrollment efforts and optimized course offerings to ensure stable development in the education business[31]. - The company aims to cultivate innovative and application-oriented talents in modern vocational skills through deep cooperation with high-tech enterprises[30]. - The company plans to expand its business in modern vocational education, focusing on IT software vocational qualification certification training[34]. - The company is focusing on expanding its vocational training business in high-tech sectors supported by national policies[116]. - The company plans to enhance its market presence and explore new product development opportunities in the upcoming quarters[149]. - The company has initiated a new strategy focusing on technology innovation and market expansion[166]. Environmental and Compliance Efforts - The company is classified as a key pollutant discharge unit, facing increasing environmental pressures and risks[85]. - The company has established a comprehensive environmental management system, including regular safety and environmental meetings to oversee pollution monitoring[90]. - The company has successfully completed environmental impact assessments for its production facilities, allowing for continued operations without interruptions[88]. - The company is committed to complying with environmental laws and regulations, ensuring effective treatment of waste during operations[75]. - All environmental protection facilities are operating normally and have met the required standards, ensuring compliance with local regulations[87]. - The company has implemented a quarterly monitoring plan for emissions, with all tested points reporting compliant results[89]. - The company is actively engaged in reducing carbon emissions through various measures, although specific results were not detailed in the report[90]. Risk Management and Challenges - The company has acknowledged the uncertainty in achieving future development strategies and operational plans due to market conditions[3]. - The company is facing intensified market competition in the vocational education sector, necessitating strategic adjustments to maintain its competitive edge[73]. - The company is addressing risks related to rising raw material prices and labor costs in its ink business segment[74]. - Environmental compliance costs are increasing due to stricter regulations, and the company is committed to enhancing its environmental protection measures and facilities[75]. - The company is closely monitoring macroeconomic trends and industry policies to adapt its product structure in response to fluctuations in downstream demand[75]. Shareholder and Financial Management - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has not engaged in any significant related party transactions during the reporting period[101]. - The company has not made any significant guarantees during the reporting period[112]. - The company signed a strategic cooperation agreement with Aerospace Cloud Network Technology Development Co., aiming to develop educational and training services in emerging industries such as metaverse and blockchain technology[116]. - The controlling shareholder's associate, Ms. Wu Yanhong, planned to reduce her holdings by up to 8,152,500 shares, representing 2.48% of the total share capital, which was completed by July 8, 2022[117]. - The company’s board approved the government’s acquisition of assets from its wholly-owned subsidiary for 21.2856 million yuan to optimize asset utilization and support its educational business[119]. - The company’s management reduced their holdings, with Mr. Dong Bing selling 400,000 shares during the reduction period[118]. Product Development and Innovation - The company has increased R&D efforts in UV ink, which has shown rapid sales growth and is a key development direction for the company's ink products[36]. - The company aims to enhance its market position by continuously launching new products that meet market demands[36]. - The company’s UV ink products are designed to meet the needs of low-energy, high-efficiency large-scale automated printing[36]. - The company has maintained a strong focus on the development of new products and technologies, enhancing its market competitiveness[89]. Operational Efficiency - The company has implemented a centralized procurement management system for ink raw materials to ensure quality and cost-effectiveness[34]. - The company has established a real-time tracking system for production orders to improve efficiency and reduce costs[75]. - The company is focusing on reducing semi-finished product inventory and minimizing labor waste to enhance production efficiency[75]. - The company adopts a "sales-driven production + moderate inventory" model, ensuring quality control at all production stages[35].

Financial Performance - In 2021, the company achieved total operating revenue of ¥857,592,690.15, an increase of 1.03% compared to the previous year[7]. - The net profit attributable to shareholders was -¥447,480,359.75, a decline of 491.35% year-on-year, primarily due to significant goodwill impairment[7]. - The company's operating revenue for 2021 was ¥857,592,690.15, representing a slight increase of 1.03% compared to ¥848,813,959.74 in 2020[26]. - The net profit attributable to shareholders was a loss of ¥447,480,359.75 in 2021, a significant decline of 491.35% from a profit of ¥114,343,769.95 in 2020[26]. - The net cash flow from operating activities decreased by 6.34% to ¥143,014,710.99 in 2021, down from ¥152,694,494.85 in 2020[26]. - The total assets at the end of 2021 were ¥1,141,813,375.08, a decrease of 33.56% from ¥1,718,478,678.45 at the end of 2020[26]. - The basic earnings per share for 2021 was -¥1.47, a decline of 458.54% compared to ¥0.41 in 2020[26]. - The company reported a significant drop in net assets attributable to shareholders, which decreased by 27.00% to ¥665,565,322.05 at the end of 2021[26]. - The company experienced a quarterly revenue fluctuation, with Q1 revenue at ¥213,410,338.60 and Q4 revenue at ¥210,219,083.68[29]. - The net profit attributable to shareholders in Q4 was a loss of ¥515,612,545.64, contrasting with profits in the earlier quarters[29]. - The company received government subsidies amounting to ¥2,359,894.98 in 2021, compared to ¥1,995,909.23 in 2020[32]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as reflected in its financial performance[26]. Goodwill and Impairment - The company recognized goodwill impairment of ¥478,976,961.02 related to the acquisition of Longmen Education[8]. - The company incurred a total of ¥34.85 million in impairment losses related to K12 business assets during the reporting period[8]. - Goodwill impairment of ¥478,976,961.02 was recognized due to the impact of the "double reduction policy" and ongoing pandemic control measures on K12 education business[60]. - The company has accumulated goodwill from significant asset restructuring and acquisitions, which poses a risk of impairment if the acquired companies' performance deteriorates[102]. - The company will conduct annual goodwill impairment tests through third-party institutions to mitigate the impact of potential goodwill impairment on future performance[103]. Business Strategy and Focus - The company plans to discontinue its K12 extracurricular training business and focus on vocational education moving forward[8]. - The modern vocational education sector is expected to see substantial growth driven by national policy support and structural upgrades in the industry[10]. - The company aims to expand its business scale and explore new growth points through "external mergers and acquisitions + internal growth" strategies[10]. - The company plans to optimize the structure of vocational education through various measures, including the integration of smaller institutions[42]. - The company is focused on enhancing the quality of vocational education to ensure students are well-prepared for both employment and further education[42]. - The company plans to actively develop vocational schools nationwide, focusing on high-quality education and maintaining steady business growth[48]. - The company aims to expand its modern vocational education market by focusing on vocational education, non-academic training, and arts education, leveraging its capital market advantages[100]. - The company plans to enhance its competitive edge by utilizing its core advantages in content barriers, teaching R&D, school management, and talent cultivation amidst increasing market competition[101]. - The company will continue to explore mergers and acquisitions to expand its vocational education scale and capitalize on favorable policies in the vocational education sector[49]. Market Trends and Projections - The vocational education market in China reached a scale of 268.9 billion yuan in 2021, with a year-on-year growth of 13.3%[42]. - The market is expected to maintain a growth rate of approximately 13% over the next three years, projected to exceed 390 billion yuan in 2022[42]. - By 2025, the enrollment scale of vocational undergraduate education is expected to be no less than 10% of the enrollment scale of higher vocational education[39]. - The new vocational education law emphasizes the equal importance of vocational education and general education, aiming to enhance social recognition of vocational education[40]. - The government encourages enterprises to participate in vocational education, allowing them to utilize various resources to establish or jointly establish vocational schools[40]. - The establishment of a vocational education college entrance examination system is aimed at becoming the main channel for higher vocational education enrollment[43]. - The digital transformation of vocational education is prioritized to meet the demand for skilled talent in the digital economy[44]. - The government aims to address the talent gap in new technologies, with a projected shortage of nearly 10 million skilled workers in the coming years[41]. Environmental and Sustainability Efforts - The company emphasizes green and sustainable development, aligning its products with national strategies to reduce VOC emissions[53]. - The company has established a comprehensive environmental management system to ensure compliance with legal regulations[155]. - The company’s production facilities have been designed and constructed in accordance with the "three simultaneous" principle of environmental protection[155]. - The company has implemented effective pollution prevention measures, including waste gas treatment facilities that meet discharge standards[155]. - The company has received multiple environmental impact assessment approvals for its production projects, including a 16,000-ton capacity expansion project for eco-friendly ink[156]. - The company has implemented environmental monitoring measures, with all tested emissions from various sources deemed compliant on a quarterly basis[157]. - The company has established a comprehensive safety production management system, ensuring compliance with safety regulations and practices[161]. Governance and Compliance - The company has a solid governance structure with independent directors ensuring compliance and strategic oversight[120]. - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements of laws and regulations[111]. - The company has established a sound financial and accounting management system, ensuring independent financial decision-making[114]. - The company has implemented a performance-based remuneration system for its executives[128]. - The company has committed to optimizing governance systems to protect the interests of investors[151]. - The company has confirmed that it has passed all annual business inspections since its establishment, ensuring its legal status and operational continuity[166]. - The company has maintained independence in its operations, assets, and financials, with no risks of losing this independence post-restructuring[167]. - The company has committed to avoiding any conflicts of interest with its subsidiaries and will not engage in any business that competes with its main operations[167]. - The company has ensured that all related transactions will be conducted fairly and transparently, adhering to market standards[168]. Research and Development - The company is investing in R&D, with a budget allocation of 100 million RMB for the development of new dyeing technologies[126]. - Research and development investments increased by 40%, focusing on AI-driven educational technologies[171]. - The company plans to pursue strategic acquisitions to enhance its technology capabilities, with a budget of 500 million RMB allocated for potential deals in 2022[179]. - The company has completed the development of a smart campus management platform, improving educational management and service levels[76]. - New product developments include HUV printing ink and food-grade UV printing ink, enhancing competitiveness in both domestic and international markets[75]. Shareholder Engagement - The company emphasizes the protection of stakeholders' rights and actively engages in communication with them[112]. - The company ensures equal access to information for all shareholders, enhancing transparency and governance[113]. - The annual shareholders meeting had a participation rate of 34.29% on May 27, 2021[116]. - The company distributed a cash dividend of 3.00 RMB per 10 shares, totaling 98,742,998.70 RMB (including tax) for the first half of 2021[144]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits[145]. Employee Management - The total number of employees at the end of the reporting period was 1,588, with 279 in the parent company and 1,309 in major subsidiaries[139]. - The company has established a training plan combining internal and external training to enhance employee skills and efficiency[142]. - The company has implemented a competitive and fair salary policy, regularly adjusting salaries based on company performance and market surveys[141]. - The company has 888 teaching and research personnel, representing 55.8% of the total workforce[140]. - The company has 70 employees with a master's degree or above, accounting for 4.4% of the total workforce[140]. Market Expansion and Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[126]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[171]. - The company aims to enhance customer retention rates by 15% through improved service offerings and user engagement initiatives in 2022[179]. - The company is considering strategic acquisitions to enhance its product offerings, with a target of identifying at least two potential candidates by Q3 2024[126].

Financial Performance - The company reported a revenue of ¥187,060,717.37 for Q1 2022, a decrease of 12.35% compared to ¥213,410,338.67 in the same period last year[3]. - Net profit attributable to shareholders was ¥16,019,864.78, down 49.69% from ¥31,840,135.72 year-on-year[3]. - Basic and diluted earnings per share were both ¥0.0487, a decline of 55.73% from ¥0.11 in the same period last year[3]. - The total operating revenue for Q1 2022 was CNY 187,060,717.37, a decrease from CNY 213,410,338.67 in the previous period[17]. - The net profit for Q1 2022 was CNY 16,890,540.41, compared to CNY 36,230,537.17 in the same period last year[18]. - The total comprehensive income for Q1 2022 was ¥16,890,540.41, down from ¥36,230,537.17 in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 67.28%, amounting to ¥17,440,420.37 compared to ¥53,294,139.47 in the previous year[3]. - Total cash inflow from operating activities was ¥157,122,096.94, compared to ¥217,158,721.56 in the previous year, reflecting a decrease of 27.7%[22]. - The net cash flow from investing activities was -¥5,994,686.52 in Q1 2022, compared to -¥34,251,878.85 in Q1 2021[23]. - Cash inflow from financing activities was ¥86,995,743.56, an increase from ¥60,000,000.00 in Q1 2021[23]. - The net cash flow from financing activities was -¥9,887,524.08, compared to -¥104,310,046.10 in the previous year, indicating an improvement[23]. - The cash and cash equivalents at the end of Q1 2022 were ¥350,490,454.22, compared to ¥437,395,293.68 at the end of Q1 2021[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,163,616,373.02, reflecting a 1.91% increase from ¥1,141,813,375.08 at the end of the previous year[3]. - The total liabilities increased to CNY 483,119,642.65 from CNY 476,755,584.15 at the beginning of the year[15]. - The company's cash and cash equivalents increased to CNY 385,490,454.22 from CNY 349,053,189.13 at the beginning of the year, representing an increase of approximately 10.5%[13]. - The company's accounts receivable decreased to CNY 101,146,265.31 from CNY 117,981,055.41, indicating improved cash flow management[13]. - The company's inventory decreased to CNY 63,806,633.92 from CNY 74,738,743.60, reflecting better inventory turnover[13]. Operational Changes and Strategies - The company signed a strategic cooperation agreement with Aerospace Cloud Network Technology Development Co., focusing on talent training and certification in industrial internet and AI[10]. - The company plans to enhance its educational services and resource utilization through deeper integration of industry and education[10]. - The increase in short-term loans by ¥28,683,800.00, a rise of 31.85%, was primarily due to new operational short-term borrowings[6]. - The company reported a decrease in research and development expenses to CNY 3,880,133.54 from CNY 4,628,514.51, indicating a potential shift in R&D strategy[18]. Return on Equity - The weighted average return on equity decreased to 2.38% from 3.43% year-on-year, a drop of 1.05%[3].