Financial Performance - The company's performance in 2022 saw a significant decline due to the impact of global macroeconomic conditions and domestic real estate regulations, leading to a decrease in sales revenue[4]. - The company's operating revenue for 2022 was ¥728,418,087.74, a decrease of 54.15% compared to ¥1,588,688,241.27 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥224,883,612.81, an improvement of 20.25% from -¥370,009,786.77 in 2021[22]. - The net cash flow from operating activities was -¥95,896,935.04, showing a slight improvement of 2.96% compared to -¥98,820,242.45 in 2021[22]. - The total assets at the end of 2022 were ¥995,270,211.19, down 25.88% from ¥1,699,245,494.41 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 53.94% to ¥192,042,829.90 in 2022 from ¥786,295,401.73 in 2021[22]. - The company reported a basic earnings per share of -¥0.2846 for 2022, an improvement of 20.26% from -¥0.4683 in 2021[22]. - The company reported a significant decline in sales volume across various product lines, including a 99.88% drop in sales of brackets[61]. - The company reported a significant asset impairment loss of ¥63,238,501.22, accounting for 27.13% of total profit, primarily due to fixed asset and inventory write-downs[72]. Production and Costs - The production costs increased due to price hikes in raw materials such as phosphors and lithium batteries, resulting in a lower gross margin[4]. - The gross margin for the industrial sector was 8.77%, a decrease of 5.61% compared to the previous year[60]. - The cost of direct materials for the industrial sector was ¥500,725,250.36, accounting for 77.71% of total costs, down 29.20% from ¥707,246,778.81 in 2021[64]. - The company faced increased production costs due to rising prices of raw materials like phosphors and lithium batteries, leading to a decrease in gross margin[39]. Strategic Initiatives - Future strategies include increasing R&D investment, promoting technological and design innovation, and adjusting product structures to improve efficiency and market competitiveness[5]. - The company aims to further integrate upstream and downstream resources in the industry to enhance market share and improve operational performance[5]. - The company plans to enhance product R&D and marketing efforts, focusing on high-efficiency light sources and expanding into overseas markets, particularly India[84]. - The company aims to optimize asset allocation and improve cash flow efficiency by revitalizing assets and exploring various financing methods to support operational needs[86]. - Cost reduction strategies will be implemented, including lean manufacturing practices and optimizing product design to lower manufacturing costs and improve asset utilization[87]. Management and Governance - The internal control audit report issued by the accounting firm indicated a negative opinion, highlighting areas for improvement in governance[3]. - The governance structure of the company complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[98]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance requirements[99]. - The company maintains independence in business operations, personnel management, and financial decision-making from its controlling shareholder[102]. - The company is enhancing its performance evaluation and incentive mechanisms for senior management to align their performance with compensation[100]. Market Conditions - The semiconductor lighting industry faced a decline in demand and rising costs, with an overall industry scale expected to drop by 13.2% in 2022[33]. - In 2022, the revenue from LED packaging in mainland China was approximately 77.8 billion yuan, a decrease of 15% compared to the previous year[34]. - The output value of downstream applications in 2022 was 569.1 billion yuan, down 13.1% year-on-year, with the general lighting market size around 274 billion yuan[34]. Challenges and Risks - The company faced challenges in financing and capital utilization due to continuous losses and risk warnings on stock trading, impacting its ability to meet order demands[5]. - The company is facing uncertainties regarding its ability to continue as a going concern, as indicated by the recent audit report[23]. - The company has experienced continuous losses in recent years, leading to liquidity risks due to limited financing options and increased market competition[92]. - Rising raw material prices and labor costs are impacting profit margins, with the company planning to enhance cost control and adjust product pricing accordingly[93]. Human Resources - The company has a total of 2,337 employees receiving salaries, with 276 retired employees for whom the company bears costs[129]. - The number of R&D personnel decreased by 39.24% to 223, with a significant drop in the number of employees holding a bachelor's degree[68]. - The company has implemented a comprehensive human resources management system to ensure competitive compensation and benefits for employees[130]. - The company is focused on continuous improvement in human resource management to attract and retain high-level talent[91]. Legal and Compliance - Legal actions were initiated to protect the company's assets against former management's alleged illegal activities, including reporting to law enforcement and filing lawsuits for performance compensation[56]. - The company faced administrative penalties from the Shenzhen Securities Regulatory Bureau for issues related to internal control and information disclosure[175]. - The company is involved in several litigation cases, with a total amount of 189.7 million yuan in disputes, including a forced execution phase for 17.22 million yuan[173]. Corporate Social Responsibility - Environmental protection is a core value, with ongoing improvements in production processes and a commitment to sustainable development[151]. - The company actively participates in social welfare initiatives, including disaster relief efforts and community support[152].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥434,918,525.54, a decrease of 24.79% compared to ¥578,305,974.70 in the same period last year[24]. - The net profit attributable to shareholders was a loss of ¥65,129,784.47, representing a decline of 502.88% from a loss of ¥10,803,037.93 in the previous year[24]. - The basic earnings per share were -¥0.0824, a decline of 501.46% from -¥0.0137 in the same period last year[24]. - The total comprehensive income for the first half of 2022 was a loss of ¥65,143,622.63, compared to a loss of ¥10,801,692.63 in the first half of 2021[141]. - The company's total profit for the first half of 2022 was a loss of ¥77,704,590.39, compared to a loss of ¥21,368,284.73 in the first half of 2021[141]. - The company reported a net loss of CNY 852,607,552.52, worsening from a loss of CNY 787,477,768.05 in the previous period[133]. - The total comprehensive income for the period was 838.62 million yuan, reflecting a decrease of 4.4% compared to the previous period[153]. - The company reported a net profit of 27.65 million yuan for the first half of 2022, indicating a growth from the previous year[159]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥56,697,412.58, showing an improvement of 5.37% compared to a negative ¥59,917,876.67 in the same period last year[24]. - The company's cash and cash equivalents increased to ¥226,023,942.39 as of June 30, 2022, up from ¥211,303,416.44 at the beginning of the year[131]. - The company's cash and cash equivalents at the end of H1 2022 stood at 43,310,914.79 CNY, down from 58,387,999.86 CNY at the end of H1 2021, representing a decrease of 25.7%[148]. - The company experienced a net decrease in cash and cash equivalents of -28,893,671.21 CNY in H1 2022, compared to -47,871,902.46 CNY in H1 2021, showing an improvement in cash management[148]. - The net cash flow from investment activities was 5,198,421.14 CNY, a significant decline of 98.24% from 294,582,034.94 CNY in H1 2021, reflecting reduced investment returns[148]. - Cash inflow from financing activities increased to 169,613,453.56 CNY, compared to 233,808,269.51 CNY in H1 2021, marking a decrease of 27.5%[148]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,634,815,542.92, down 3.79% from ¥1,699,245,494.41 at the end of the previous year[24]. - The total liabilities amounted to CNY 912,965,497.50, slightly up from CNY 912,128,893.86, indicating a marginal increase[133]. - The total equity attributable to shareholders decreased to CNY 721,165,617.26 from CNY 786,295,401.73, a decline of approximately 8.3%[133]. - The total assets of the company at the end of the reporting period were reported at 1,108 million yuan, reflecting a stable asset base[159]. - The total liabilities of the company were 1,346 million RMB, which indicates a manageable debt level relative to its equity[163]. Market and Competition - The decline in revenue was primarily due to the impact of the pandemic and fluctuations in the US dollar exchange rate, leading to a reduction in orders[36]. - The LED packaging sector is experiencing intensified competition, with many small enterprises forced to exit the market, resulting in a concentration of manufacturing among leading firms[32]. - The overall growth rate of the LED lighting market is slowing, with structural overcapacity and rising operational costs squeezing profit margins[33]. - The company aims to expand its market presence, particularly in international markets, to improve profitability and risk resilience[66]. - The company has plans for market expansion and new product development to enhance its competitive edge in the industry[157]. Research and Development - The company focuses on R&D innovation, particularly in off-grid lighting, and has a strong international R&D and market expansion team[40]. - Research and development expenses amounted to ¥38,773,108.76, reflecting an 8.40% decrease from the previous year[47]. - The company plans to enhance its research and development efforts, focusing on innovative technologies to drive future growth[153]. Management and Governance - The company has appointed new management, with Wu Taoxiang as the new General Manager and Chen Junwei as the new Financial Officer[74]. - The company is strengthening its internal control and management systems to address risks associated with subsidiary oversight[70]. - The company has taken measures to strengthen control over Kangmingsheng, including the removal of key management personnel and the completion of legal representative and management changes[91]. - The company emphasizes the protection of shareholder rights and adheres to relevant laws and regulations to ensure transparent communication with investors[80]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The largest shareholder, Nanchang Guanggu Group, holds 14.97% of shares, totaling 118,290,826 shares, which are pledged and frozen[117]. - The total number of ordinary shareholders at the end of the reporting period is 35,138[117]. Risks and Challenges - The company faces liquidity risks due to continuous losses and challenges in financing, which it plans to mitigate by optimizing asset allocation and improving inventory and receivables management[68]. - Rising raw material prices and labor costs are expected to impact profitability, prompting the company to negotiate better procurement terms and enhance cost control measures[69]. - The company faces risks and has outlined corresponding measures in its management discussion and analysis section[4].

Financial Performance - The company's revenue for Q1 2022 was ¥212,704,197.94, a decrease of 22.00% compared to ¥272,686,932.62 in the same period last year[3] - The net profit attributable to shareholders was -¥35,059,498.69, representing a decline of 89.65% from -¥18,486,906.39 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥42,696,496.21, down 97.42% from -¥21,627,431.12 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0444, a decline of 89.74% from -¥0.0234 in the same period last year[3] - The total comprehensive income attributable to the parent company for Q1 2022 was -35,059,498.69 CNY, compared to -18,486,906.39 CNY in Q1 2021, reflecting a significant decline[16] Cash Flow - The net cash flow from operating activities was -¥27,613,642.90, a decrease of 3.59% compared to -¥26,656,685.47 in the same period last year[3] - Cash inflow from operating activities totaled 190,131,028.39 CNY, down from 255,251,043.50 CNY in Q1 2021, indicating a decrease of approximately 25.5%[18] - The cash outflow from operating activities was 217,744,671.29 CNY, compared to 281,907,728.97 CNY in the previous year, showing a reduction of about 22.8%[19] - The net cash flow from investing activities was 4,351,739.29 CNY, an increase from 3,264,904.27 CNY in Q1 2021[19] - The net cash flow from financing activities was 128,972,703.86 CNY, a significant improvement from -41,122,074.69 CNY in the same quarter last year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,746,337,203.95, an increase of 2.77% from ¥1,699,245,494.41 at the end of the previous year[3] - Total liabilities rose to CNY 994.29 million in Q1 2022, up from CNY 912.13 million, marking an increase of 9.0%[12] - The company's cash and cash equivalents decreased to CNY 1,011.18 million from CNY 941.61 million, an increase of 7.4%[12] - The company's inventory decreased to CNY 185.05 million from CNY 193.46 million, a reduction of approximately 4.3%[12] - The total equity attributable to shareholders decreased to CNY 751.24 million from CNY 786.30 million, a decline of 4.5%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,689[7] - The equity attributable to shareholders decreased by 4.46% to ¥751,235,903.04 from ¥786,295,401.73 at the end of the previous year[3] Research and Development - Research and development expenses for Q1 2022 were CNY 20.22 million, up from CNY 17.86 million in the previous year, reflecting a growth of 13.5%[14] Non-Recurring Gains - The company reported non-recurring gains of ¥7,636,997.52, which included government subsidies and non-current asset disposal gains[5] - The company reported a credit impairment loss of CNY 5.78 million, compared to CNY 0.85 million in the same period last year, indicating a significant increase in credit risk[15]

Financial Performance - The company's operating revenue for 2021 was ¥1,599,044,343.04, representing a 22.73% increase compared to ¥1,302,857,482.94 in 2020[21]. - The net profit attributable to shareholders was -¥370,009,786.77 in 2021, a significant decline of 877.71% from -¥37,844,476.44 in 2020[21]. - The net cash flow from operating activities was -¥98,820,242.45, a decrease of 167.34% compared to ¥146,741,880.42 in 2020[21]. - The total assets at the end of 2021 were ¥1,699,245,494.41, down 37.95% from ¥2,738,728,428.73 at the end of 2020[21]. - The company reported a basic earnings per share of -¥0.4683 for 2021, a decline of 877.66% from -¥0.0479 in 2020[21]. - The company experienced a significant increase in non-operating income from the disposal of non-current assets, amounting to ¥48,051,755.86 in 2021, compared to ¥9,952,815.89 in 2020[26]. Market Conditions - The company's performance in 2021 saw a significant decline due to the impact of the COVID-19 pandemic, with manufacturing orders increasing in the first half but slowing down in the second half, leading to a notable market downturn[5]. - The domestic real estate market experienced a slowdown, resulting in a substantial decrease in demand for lighting fixtures, which contributed to a temporary oversupply in LED packaging and application capacity[6]. - The company is facing substantial price competition pressures in the market due to the oversupply situation in the LED sector[6]. - The company faces pressure on profit margins due to rising raw material prices and increased shipping costs, impacting export profitability[31]. - The domestic semiconductor lighting market has reached a high penetration rate, with limited growth in the general lighting sector due to ongoing real estate regulation[33]. Production and Operations - The company operates under a mixed production model, primarily "order production" supplemented by "stock production" to meet market demand[38]. - The company's LED packaging production capacity was 42,000KK, with an actual output of 31,822KK and a capacity utilization rate of 75.77%[46]. - The gross profit margin for the LED packaging business improved to 6.80%, an increase of 2.19% compared to the previous year[46]. - The company has established a comprehensive manufacturing system across multiple locations, enhancing production efficiency and cost control[46]. - The company achieved a production capacity utilization rate of 94.34% for lighting products, indicating efficient production management[55]. Research and Development - The company has not made significant progress in the research and development of high-end lighting products and energy storage business due to funding constraints[6]. - The company has a strong focus on R&D in off-grid lighting, smart lighting, and energy storage, with a robust international R&D and market expansion team[34]. - Research and development (R&D) investment amounted to ¥69,113,700.13 in 2021, representing 4.32% of operating revenue, a decrease from 7.44% in 2020[62]. - The number of R&D personnel decreased by 13.03% from 422 in 2020 to 367 in 2021, with the proportion of R&D staff increasing from 10.28% to 14.05%[62]. - In 2022, the company plans to increase R&D investment to enhance competitiveness, focusing on full-spectrum LED packaging and expanding into markets such as plant lighting, health lighting, and smart lighting[86]. Financial Management and Governance - The audit report from Da Hua Accounting Firm indicated a disclaimer of opinion on the financial statements and a negative opinion on internal controls, highlighting the need for careful investor consideration[4]. - The company has established an internal audit department to oversee the effectiveness of internal controls and ensure compliance with regulations[131]. - The company identified significant internal control deficiencies in its subsidiary, Kangmingsheng, which may impact financial reporting accuracy[132]. - The company has taken steps to improve management oversight of its subsidiary, Kangmingsheng, through enhanced management protocols[150]. - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, linking their performance to compensation[97]. Strategic Adjustments - The company plans to adjust its product development strategy in response to changes in the LED industry and market conditions[75]. - The company is focusing on optimizing asset structure and enhancing profitability through strategic asset sales, particularly in the Huizhou Industrial Park[82]. - The company has reassessed its PPP project strategy, indicating a shift towards more viable investment opportunities in line with market conditions[80]. - The company is actively pursuing market expansion and new technology development to drive future growth and profitability[80]. - The company plans to repurchase shares at a price not exceeding 8 CNY per share, with a total purchase amount of no less than 330 million CNY[172]. Legal and Compliance Issues - The company faced a delisting risk warning after the 2021 annual financial report was issued with an audit opinion that could not express an opinion[197]. - The company has ongoing litigation involving a total amount of 8,793.45 million RMB, with a net profit impact estimated at approximately -7,051,962.36 RMB[199]. - The company has faced disciplinary actions for overdue commitments from major shareholders, including public reprimands from the Shenzhen Stock Exchange[200]. - The company has not reported any violations of stock trading regulations by its directors, supervisors, or major shareholders[200]. - The internal control audit report was issued by the same accounting firm that has been providing services for 11 years[196].

深圳市长方集团股份有限公司 2021 年第三季度报告 证券代码：300301 证券简称：长方集团 公告编号：2021-097 深圳市长方集团股份有限公司 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 660,289,018.75 | 70.45% | 1,238,594,993.45 | 31 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 578,305,974.70, representing a 3.94% increase compared to CNY 556,391,543.30 in the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 10,803,037.93, an improvement of 67.99% from a loss of CNY 33,753,037.55 in the previous year[22]. - The basic earnings per share were CNY -0.0137, an improvement of 67.92% from CNY -0.0427 in the same period last year[22]. - The diluted earnings per share were also CNY -0.0137, reflecting the same percentage improvement as the basic earnings per share[22]. - The net loss for the first half of 2021 was CNY 10,801,692.63, an improvement from a net loss of CNY 33,745,292.65 in the same period of 2020, reflecting a reduction in losses by approximately 68%[132]. - The company reported a total comprehensive loss of ¥11,552,816.01 for the first half of 2021, compared to a loss of ¥43,154,257.52 in the same period of 2020[137]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -59,917,876.67, a significant decline of 187.76% compared to CNY 68,278,464.36 in the same period last year[22]. - The net cash flow from investing activities increased significantly by 1,334.31% to CNY 294,582,034.94 from CNY -23,866,063.45[37]. - The company reported a significant reduction in cash received from sales, which was 102,328,882.72 CNY in H1 2021, down 41.7% from 175,915,121.23 CNY in H1 2020[143]. - The cash received from tax refunds decreased to 3,090,789.10 CNY in H1 2021, down 71.2% from 10,743,747.54 CNY in H1 2020[143]. - The company is exposed to liquidity risks due to tightening financing conditions in the financial market, and it aims to improve asset operation efficiency and utilize various financing tools[65]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,527,994,979.40, down 7.69% from CNY 2,738,728,428.73 at the end of the previous year[22]. - The company's total liabilities were CNY 1,381,660,405.95, down from CNY 1,581,592,162.65, reflecting a decrease of about 12.63%[124]. - The company's current assets totaled CNY 955,528,246.10, down from CNY 1,111,335,483.87 at the end of 2020, indicating a decrease of about 14.03%[123]. - The company's equity attributable to shareholders decreased from CNY 1,156,305,188.50 to CNY 1,145,502,150.57, a decline of approximately 0.65%[125]. - The company reported a negative retained earnings of CNY -428,271,019.21 as of June 30, 2021, compared to CNY -417,467,981.28 at the end of 2020[125]. Market and Industry Outlook - The increase in revenue was primarily due to the gradual recovery of domestic orders as the pandemic was brought under control[30]. - The LED packaging market is expected to see increased concentration, with larger companies gaining market share due to technological innovation and supply chain management[31]. - The global general lighting market is experiencing rapid growth, driven by advancements in Mini LED technology and increasing domestic demand[31]. - The company maintains a strong position in the LED packaging industry, supported by advanced technology and a robust R&D foundation[32]. Risks and Challenges - The company faces various risks including market competition, talent, liquidity, exchange rate, and rising raw material prices[5]. - The company faces increasing market competition risks due to rapid technological updates in LED applications and production equipment, which may pressure smaller firms[63]. - The company is at risk from rising raw material prices, which may impact product profit margins, and it will implement cost control measures and adjust product prices accordingly[67]. Research and Development - Research and development expenses decreased by 5.88% to CNY 42,330,059.52 from CNY 44,975,897.42[37]. - The company will enhance its core competitive advantages by increasing R&D investment and adjusting product and customer structures to improve competitiveness[65]. Shareholder and Governance - The company did not distribute cash dividends or issue bonus shares during the reporting period[73]. - The company has not implemented any employee incentive plans during the reporting period[74]. - The company’s major shareholder has not fulfilled its commitment to increase shareholding within the agreed timeframe due to market conditions[80]. Legal and Compliance - The company reached a settlement in a lawsuit with 聚灿光电, involving a payment of approximately ¥8,793.45 million, which impacted net profit by about -¥7,051,962.36[85]. - The company has not faced any penalties or rectification issues during the reporting period[87]. - The financial report for the first half of 2021 was not audited[120]. Financial Reporting and Accounting Policies - The financial report was approved by the board of directors on August 26, 2021, ensuring compliance with accounting standards[164]. - The company’s accounting policies are in accordance with the relevant enterprise accounting standards, ensuring accurate financial reporting[170]. - The company recognizes the income, expenses, and cash flows of newly acquired subsidiaries from the acquisition date to the end of the reporting period in the consolidated financial statements[181].

Financial Performance - The company's operating revenue for Q1 2021 was ¥272,686,932.62, representing a 9.91% increase compared to ¥248,101,646.72 in the same period last year[7]. - The net profit attributable to shareholders was -¥18,486,906.39, an improvement of 39.47% from -¥30,540,227.36 year-on-year[7]. - Operating profit improved to -¥15,801,586.67, a 58.05% increase from -¥37,666,777.14 year-on-year[17]. - The company reported a total operating profit loss of CNY 15,801,586.67, an improvement from a loss of CNY 37,666,777.14 in the previous year[43]. - The total comprehensive income for Q1 2021 was a loss of CNY 18,485,567.52, compared to a loss of CNY 30,538,999.15 in the same period last year[44]. - The company reported a net loss of CNY -435,992,448.53, compared to a loss of CNY -417,467,981.28 in the previous period[36]. - Net profit for Q1 2021 was a loss of CNY 18,485,567.52, an improvement from a loss of CNY 30,538,999.15 in Q1 2020, indicating a 39.4% reduction in losses[43]. Cash Flow - The net cash flow from operating activities was -¥26,656,685.47, a decline of 90.77% compared to -¥13,972,966.22 in the previous year[7]. - The company reported a significant increase in cash received from operating activities, with a rise of 267.25% in cash received from other operating activities[16]. - The cash inflow from operating activities totaled CNY 255,251,043.50, an increase from CNY 230,797,183.60 in the previous period[50]. - The net cash outflow from operating activities was CNY -26,656,685.47, compared to CNY -13,972,966.22 in the prior period, indicating a worsening cash flow situation[51]. - The total cash outflow for operating activities was CNY 281,907,728.97, compared to CNY 244,770,149.82 in the prior period[51]. - The cash inflow from other operating activities was CNY 31,841,966.21, a significant increase from CNY 8,670,362.77 in the previous period[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,552,992,693.90, down 6.78% from ¥2,738,728,428.73 at the end of the previous year[7]. - Current assets decreased to CNY 641,529,253.41 from CNY 798,181,400.04, reflecting a decline of approximately 19.7%[37]. - Total liabilities decreased to CNY 1,414,381,086.22 from CNY 1,581,592,162.65, a reduction of about 10.6%[35]. - Non-current assets totaled CNY 1,591,726,560.29, down from CNY 1,627,392,944.86, indicating a decrease of approximately 2.2%[34]. - The total equity attributable to shareholders decreased to CNY 1,137,780,721.25 from CNY 1,156,305,188.50, a decrease of about 1.6%[36]. Investments and Funding - Total raised funds for the quarter amounted to 75,268.87 million yuan, with a cumulative investment of 62,831.67 million yuan[24]. - The cumulative proportion of changed-use raised funds is 45.48%, indicating a significant allocation of resources[24]. - The investment in the PPP model lighting energy-saving service project reached 11,915.65 million yuan, completing 59.48% of the committed investment[25]. - The company plans to use 12,000 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,864[10]. - The top five suppliers accounted for 25.83% of total annual purchases, with the largest supplier contributing ¥15,313,737.97, or 7.94%[17]. - The top five customers represented 23.70% of total annual sales, with the largest customer generating sales of ¥10,523,282.54, or 6.06%[17]. Strategic Initiatives - The company plans to enhance its competitive edge by increasing R&D investment and adjusting product and customer structures[18]. - The company is addressing risks related to market competition, talent acquisition, liquidity, exchange rates, and raw material price increases through various strategic measures[19][20]. Compliance and Governance - The company has not encountered any non-compliance issues regarding external guarantees during the reporting period[27]. - There were no significant changes in the feasibility of projects or major changes in circumstances affecting project implementation[25]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28].

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.30 billion, a decrease of 19.43% compared to ¥1.62 billion in 2019[16]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥37.84 million, an improvement of 91.19% from a loss of ¥429.46 million in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥76.43 million, an improvement of 82.64% from a loss of ¥440.37 million in 2019[16]. - The company's total revenue for 2020 was CNY 1,302,857,482.94, a decrease of 19.43% compared to CNY 1,617,021,297.21 in 2019[26]. - The net profit attributable to shareholders for 2020 was CNY -37,844,476.44, an improvement of 91.19% from CNY -429,457,847.22 in the previous year[26]. - The company's operating cash flow for 2020 was CNY 146,741,880.42, an increase of 19.12% compared to CNY 123,188,770.43 in 2019[26]. - The company reported a weighted average return on equity of -3.22% for 2020, an improvement of 27.33% from -30.55% in 2019[26]. - The company reported a significant reduction in losses compared to previous years, indicating a potential turnaround in financial performance[16]. - The company's total cash inflow from operating activities increased by 19.89% to ¥1,721,211,724.28, while cash outflow rose by 19.97% to ¥1,574,469,843.86[60]. Market and Industry Context - The LED packaging industry in China faced significant challenges in 2020, with an estimated market decline of 14%[28]. - The company's revenue from LED lighting products was primarily impacted by the COVID-19 pandemic, causing delays in production and logistics[27]. - The overall output value of the LED industry in mainland China is expected to be CNY 701.3 billion in 2020, a decrease of 7.1% compared to 2019[76]. - The LED downstream application sector's output value in China was CNY 5,967.17 billion, down 6.6% year-on-year[79]. - The general lighting market in China reached CNY 2,733.82 billion, maintaining stability despite price declines[79]. - The export value of Chinese LED lighting products in 2020 was USD 35.594 billion, an increase of 17.9% year-on-year[79]. Research and Development - The company has a strong focus on R&D in the LED lighting sector, with its subsidiary, Kangming Sheng, leading in off-grid lighting solutions[29]. - Research and development investments were increased to align with domestic market demands, focusing on off-grid lighting and UV disinfection products[39]. - R&D efforts were concentrated on high-efficiency and full-spectrum products to enhance product value and meet customer demands[38]. - The company plans to increase R&D investment to foster new business growth points, focusing on UV disinfection lamps and Mini LED products[81]. Corporate Governance and Management - The company has established strict management protocols for the use of raised funds to ensure they are used for designated purposes[69]. - The management team is experienced, with the chairman being a recognized expert in solid-state lighting technology, contributing to the company's competitive edge[34]. - The company has a commitment to transparency in its remuneration practices, as outlined in the reporting procedures[157]. - The company’s management structure ensures that senior executives do not hold positions in related enterprises, maintaining operational independence[91]. - The company has a diverse management team with backgrounds in various industries, including finance, engineering, and law[150]. Financial Position and Assets - The total assets at the end of 2020 were CNY 2,738,728,428.73, down 15.96% from CNY 3,259,026,717.72 at the end of 2019[26]. - The company's cash and cash equivalents decreased by 38.57% due to a reduction in bank loans during the reporting period[40]. - The company's total liabilities decreased from CNY 2,066,295,798.94 in 2019 to CNY 1,581,592,162.65 in 2020, a decline of about 24%[200]. - The company's equity increased slightly from CNY 1,192,731,918.78 in 2019 to CNY 1,157,136,266.08 in 2020, a decrease of approximately 3%[200]. - The company's fixed assets had a book value of CNY 638.49 million as of December 31, 2020, accounting for 23.31% of total assets, with an impairment provision of CNY 52.69 million[188]. Shareholder Information - The total number of shares is 790,108,769, with 76.24% being unrestricted shares[130]. - The largest shareholder, Nanchang Optics Valley Group Co., Ltd., holds 14.97% of the shares, totaling 118,290,826 shares[136]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[137]. - The total number of shareholders at the end of the reporting period was 62,186, with 49,864 preferred shareholders[135]. Risks and Challenges - The company faces risks related to market competition, talent acquisition, liquidity, exchange rates, and rising raw material prices, and has strategies in place to mitigate these risks[82][84]. - The company has committed to avoiding substantial competition with related enterprises and ensuring fair market practices in related transactions[93]. - The company has not experienced any bankruptcy reorganization or delisting risks during the reporting period[101]. Compliance and Audit - The audit report issued by Da Hua Accounting Firm provided a standard unqualified opinion on the financial statements[185]. - The company has established a comprehensive performance assessment and incentive mechanism for senior management to enhance management efficiency[177]. - The company reported zero financial report significant deficiencies and zero non-financial report significant deficiencies[181].

公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 深圳市长方集团股份有限公司 2020 年第三季度报告全文 2020 年第三季度报告 证券代码:300301 证券简称:长方集团 披露日期:2020 年 10 月 1 深圳市长方集团股份有限公司 2020 年第三季度报告全文 第一节 重要提示 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王敏、主管会计工作负责人江玮及会计机构负责人(会计主管人 员)罗春生声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市长方集团股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,071,789,077.39 | 3,259,026,717.72 | | -5.75% | | 归属于上市公司股东的净资 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥556,391,543.30, a decrease of 31.94% compared to ¥817,496,094.49 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥33,753,037.55, representing a decline of 182.44% from ¥40,941,444.83 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was -¥45,441,060.47, a decrease of 252.71% compared to ¥29,755,765.46 in the same period last year[20]. - The operating profit was CNY -43,625,418.93, down 194.31% from CNY 46,256,659.94 in the previous year[27]. - The company reported a net loss of CNY 413,376,542.39 in retained earnings as of June 30, 2020, compared to a loss of CNY 379,623,504.84 at the end of 2019[131]. - The net cash flow from operating activities increased significantly to ¥68,278,464.36, up 1,089.54% from ¥5,739,896.23 in the previous year[20]. - The total comprehensive income for the period was -¥33,753,037.55, indicating a loss compared to the previous period[150]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,121,562,331.69, a decrease of 4.22% from ¥3,259,026,717.72 at the end of the previous year[20]. - The company's total liabilities decreased to CNY 1,961,374,072.01 from CNY 2,066,295,798.94, indicating a reduction of approximately 5.1%[130]. - The company's cash and cash equivalents decreased to CNY 345,100,090.98 from CNY 391,326,183.10, representing a decline of about 11.8%[128]. - The company reported a total of ¥692,900,556.72 in accounts receivable, which accounted for 22.20% of total assets[51]. - The total liabilities included short-term borrowings of ¥603,566,738.62, which accounted for 19.34% of total assets[51]. Market and Industry Trends - The main reasons for the decline in performance were the impact of COVID-19 and related control measures, which delayed the resumption of work and production, affecting logistics, procurement, and sales[28]. - The LED industry experienced a slowdown in growth, with a total output value of approximately CNY 754.8 billion in 2019, growing at a rate of about 2.4%[28]. - The company faces intensified market competition in the LED lighting industry, with a focus on strengthening its core competitive advantages and enhancing R&D efforts to adapt to market changes[70]. - The company is actively expanding its international market presence, particularly in Africa and Asia, to contribute to global welfare through its off-grid lighting solutions[70]. Research and Development - The company emphasizes technological innovation and has a robust R&D foundation, which positions it well in the LED lighting industry[32]. - The company increased its R&D investment to CNY 44,975,897.42, a decrease of 9.11% from CNY 49,483,563.13 in the previous year, focusing on high-efficiency and full-spectrum product upgrades[42]. - Research and development expenses for the first half of 2020 were CNY 44.98 million, down from CNY 49.48 million in the previous year, showing a decrease of about 9.5%[136]. Cash Flow and Financing - The company reported a significant increase in cash flow from operating activities, reaching CNY 68,278,464.36, up 1,089.54% from CNY 5,739,896.23 in the previous year[42]. - The net cash flow from financing activities was ¥75,800,340.88, a decrease from ¥452,955,773.16 year-over-year, representing a decline of about 83.24%[149]. - The company raised ¥120,500,000.00 in borrowings during the first half of 2020, down from ¥218,000,000.00 in the same period last year, a decrease of approximately 44.73%[149]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 23,172[109]. - The largest shareholder, Nanchang Guanggu Group Co., Ltd., holds 14.97% of shares, totaling 118,290,826 shares[109]. - Shareholder Deng Zichang holds 10.91% of shares, totaling 86,218,761 shares, with a decrease of 7,265,298 shares during the reporting period[109]. Corporate Governance and Compliance - The half-year financial report has not been audited[78]. - The company has established a comprehensive employee assessment and incentive mechanism to attract and retain high-quality talent, which is crucial for its sustained development[70]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period, reflecting a conservative financial strategy[65][66]. Legal and Regulatory Matters - The company is involved in significant litigation, with a case related to product quality disputes amounting to 10 million yuan[81]. - Another litigation case involves a claim of 2.59 million yuan against the company, which is currently under trial[81]. - There were no bankruptcy reorganization matters during the reporting period[80]. Future Outlook - The company plans to continue focusing on the LED industry, enhancing its capabilities in LED packaging, off-grid lighting, and general lighting[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[158].