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].

Financial Performance - The company reported a total revenue of 790,108,769 RMB for the year 2019, with a profit distribution plan of 0 RMB cash dividend per 10 shares[5]. - The company reported total revenue of CNY 1,617,021,297.21 in 2019, representing a 2.71% increase from CNY 1,574,387,710.94 in 2018[28]. - The net profit attributable to shareholders was CNY -429,457,847.22, a decline of 173.77% compared to CNY -156,868,230.62 in the previous year[28]. - The operating profit was CNY -467,243,382.92, a decline of 242.05% compared to the previous year's loss of CNY -136,600,151.73[38]. - The company reported a net profit of -315,834,483.62 yuan for the year 2019, leading to a cumulative undistributed profit of -469,135,996.42 yuan[104]. - The company did not distribute any cash dividends, issue bonus shares, or increase capital stock from capital reserves for the year 2019[104]. - The cash dividend amount for 2019 was 0.00 yuan, which is 0.00% of the net profit attributable to ordinary shareholders[106]. Market and Industry Focus - The company emphasized its commitment to the LED industry, aligning with the Shenzhen Stock Exchange's disclosure requirements for companies in this sector[5]. - The company is focused on expanding its market presence and enhancing its product offerings in the LED sector[5]. - The LED industry in which the company operates saw a total output value of approximately CNY 754.8 billion in 2019, with a growth rate of about 2.4%[29]. - The company plans to focus on the LED industry, particularly in packaging and off-grid lighting, leveraging the technological and talent advantages of its controlling shareholder[28]. - The company plans to focus on the UVC market as a key product development and market target due to its potential growth[39]. - The company aims to solidify its position in the LED market by optimizing the supply chain and enhancing profitability through cost control and product structure adjustments[91]. Operational Performance - The report includes a detailed analysis of the company's operational performance and market conditions during the reporting period[5]. - The company experienced a significant decline in gross profit due to intensified market competition and a continuous drop in LED packaging prices[29]. - The company recorded a significant increase in impairment provisions due to the expected underperformance of its subsidiary, leading to goodwill impairment[29]. - The company achieved total revenue of CNY 1,617,021,297.21, representing a 2.71% increase from the previous year's CNY 1,574,387,710.94[38]. - The company has a monthly packaging capacity of 6,000KK and operates nearly 700 automated production lines, placing it among the industry leaders[34]. - The company has established a global sales network covering over 50 countries and regions, enhancing its market reach[34]. Research and Development - The company is increasing its R&D investment to adjust product and customer structures, focusing on high-quality light sources[39]. - Research and development investment was increased, focusing on "product-driven" strategies and the development of new products, with a three-tier product layout strategy implemented[41]. - The company invested CNY 107,955,493.01 in R&D in 2019, representing 6.68% of its operating revenue, an increase from 6.38% in 2018[62]. - The number of R&D personnel increased to 530 in 2019, accounting for 12.18% of the total workforce, up from 11.76% in 2018[62]. - The company plans to increase R&D investment to drive product upgrades and explore new application areas in the LED sector, including the development of portable UV disinfection lamps[95]. Governance and Compliance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring transparency and accountability[5]. - The report highlights the importance of accurate financial reporting and compliance with regulatory standards[4]. - The company has established a governance structure that supports independent decision-making and financial autonomy[108]. - The management team has committed to not engage in activities that could harm the interests of minority shareholders[109]. - The company has committed to maintaining the independence of its assets and operations, ensuring no misuse of funds or assets[107]. - The company maintains a complete and clear internal governance structure, complying with relevant laws and regulations[182]. Risks and Challenges - The company outlined potential risks and corresponding mitigation strategies in its future development outlook section[5]. - The company recognizes the risk of intensified market competition due to the growing number of LED lighting enterprises and plans to strengthen its core competitive advantages through continuous R&D and product development[96]. - The company acknowledges potential risks in overseas expansion of off-grid lighting products due to local market instability and plans to mitigate these risks through optimized market strategies and financial tools[97]. - The company faced significant negative impacts on revenue and net profit due to the COVID-19 pandemic, with the extent of the impact depending on the duration of the pandemic and control measures[98]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,277, an increase from 25,008 at the end of the previous month[151]. - The largest shareholder, Nanchang Guanggu Group Co., Ltd., holds 14.97% of the shares, totaling 118,290,826 shares, all of which are pledged[152]. - The second-largest shareholder, Deng Zichang, holds 11.83% with 93,438,342 shares, of which 31,100,397 shares are pledged[152]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[153]. - The controlling shareholder is Nanchang Guanggu Group Co., Ltd., which is a non-state-owned legal entity[154]. Employee and Management Structure - The total number of employees in the company is 4,352, with 870 in the parent company and 3,482 in major subsidiaries[176]. - The management team consists of 4 members, all of whom are Chinese nationals[171]. - The company has implemented a fair and transparent compensation policy, ensuring competitive salaries and benefits for employees[178]. - The independent directors attended all board meetings and actively contributed to risk management and internal control[187]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, effectively reducing management costs and enhancing efficiency[191]. Audit and Internal Control - The company’s audit report received a standard unqualified opinion, affirming that the financial statements fairly reflect the financial position as of December 31, 2019[199]. - The internal control evaluation report indicated that there were no significant internal control deficiencies identified during the reporting period[192]. - The audit committee held five meetings during the reporting period to monitor the company's operational status and significant matters[188]. - The strategic decision-making committee convened once to study the company's long-term development strategy and provide recommendations[188].

Financial Performance - The company reported a total revenue of RMB 790,108,769 for the year 2019, with a profit distribution plan of 0 cash dividends per 10 shares[5]. - The company achieved total revenue of CNY 1,617,021,297.21 in 2019, representing a 2.71% increase from CNY 1,574,387,710.94 in 2018[28]. - The net profit attributable to shareholders was CNY -429,457,847.22, a decline of 173.77% compared to CNY -156,868,230.62 in the previous year[28]. - The company's operating profit was CNY -467,243,382.92, a decline of 242.05% compared to CNY -136,600,151.73 in the previous year[38]. - The company reported a basic and diluted earnings per share of CNY -0.5435, a decrease of 173.80% from CNY -0.1985 in 2018[28]. - The total cash dividend amount for 2019 was 0 CNY, with a cash dividend ratio of 0.00%[106]. - The company has consistently not distributed dividends over the past three years[105]. Governance and Management - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring transparency and accountability[4]. - The company maintains a robust governance structure, with a dedicated board and management team overseeing its operations[4]. - The management team consists of four members, all of whom are Chinese nationals[170]. - The company emphasizes the importance of corporate governance with a diverse and qualified board[166]. - The company has established a robust corporate governance structure to support independent decision-making and operational efficiency[108]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is decided by the board[173]. Market Position and Strategy - The company has established a strong presence in the LED packaging and related products market, focusing on innovation and technology development[5]. - The company is actively pursuing market expansion opportunities and exploring potential mergers and acquisitions to enhance its competitive position[5]. - The company plans to focus on the LED industry, particularly in packaging, off-grid lighting, and general lighting, leveraging the advantages of the Nanchang Optoelectronic Valley[28]. - The company plans to develop off-grid lighting solutions, targeting international markets, especially in regions with limited electricity access, to establish core competitiveness in this niche[92]. - The company aims to consolidate its position in the LED industry by optimizing the supply chain and enhancing profitability through strict cost control and product structure adjustments[91]. Research and Development - The company has increased its R&D investment and adjusted its product structure to focus on high-quality light sources and emerging applications[39]. - Research and development expenses amounted to ¥107,955,493.01, accounting for 6.68% of annual sales, indicating a focus on new product and technology development[60]. - The company will enhance its research and development efforts, particularly in new applications for LED technology, and aims to launch new products such as portable UV disinfection lamps[94]. Risks and Challenges - The company outlined potential risks and corresponding mitigation strategies in its future development outlook section[5]. - The LED industry experienced a slowdown, with a total output value of approximately CNY 754.8 billion in 2019, growing at a rate of about 2.4%[29]. - The company recognized impairment losses due to increased market competition and a decline in profitability in the LED packaging market[29]. - The company anticipates that its subsidiary, Kangming Sheng, may not meet expected profit levels, leading to goodwill impairment provisions[29]. - The company faces market risks due to increased competition in the LED lighting industry, necessitating a focus on core competitive advantages and customer relationships[96]. Financial Health - The total assets at the end of 2019 were CNY 3,259,026,717.72, down 6.74% from CNY 3,494,425,861.18 at the end of 2018[28]. - The company's net assets attributable to shareholders decreased by 26.40% to CNY 1,191,936,026.25 from CNY 1,619,443,298.12 in 2018[28]. - The company reported a significant increase in credit impairment losses due to the macroeconomic environment and competition in the off-grid lighting sector[39]. - The company has significant liabilities, with short-term borrowings amounting to CNY 658,660,000.00, which is 20.21% of total assets, up from 17.47% in 2018[68]. Employee and Workforce - The total number of employees in the company is 4,352, with 870 in the parent company and 3,482 in major subsidiaries[175]. - The professional composition includes 3,495 production personnel, 125 sales personnel, and 544 technical personnel[176]. - The company has implemented a training program to enhance employees' professional skills and knowledge[178]. Shareholder Information - The total number of shares is 790,108,769, with 23.76% being limited shares and 76.24% being unrestricted shares[146]. - The major shareholder, Nanchang Guanggu Group Co., Ltd., holds 118,290,826 shares, accounting for 14.97% of total shares[151]. - The company has not reported any changes in its controlling shareholder or actual controller during the reporting period[155]. Audit and Compliance - The financial report was verified by the accounting firm DaHua, ensuring the accuracy and reliability of the financial data presented[4]. - The company’s financial statements were audited by Da Hua Certified Public Accountants, receiving a standard unqualified opinion[197]. - There were no significant discrepancies between the company's governance practices and the regulatory requirements set by the China Securities Regulatory Commission[181].

Financial Performance - Total revenue for Q1 2020 was ¥248,101,646.72, a decrease of 28.01% compared to ¥344,612,647.68 in the same period last year[8] - Net profit attributable to shareholders was -¥30,540,227.36, representing a decline of 287.77% from a profit of ¥16,264,922.87 in the previous year[8] - Basic and diluted earnings per share were both -¥0.0387, a decrease of 287.86% compared to ¥0.0206 in the previous year[8] - The company reported total operating revenue of ¥248,101,646.72, a decrease of 28.01% compared to ¥344,612,647.68 in the same period last year[19] - The net profit attributable to shareholders was -¥30,540,227.36, a decline of 287.77% from ¥16,264,922.87 in the previous year[19] - The total operating revenue for the first quarter was CNY 110,585,185.07, a decrease of 23.5% compared to CNY 144,685,115.05 in the previous year[47] - The net profit for the first quarter was a loss of CNY 30,538,999.15, compared to a profit of CNY 16,270,236.86 in the same period last year, indicating a significant decline[44] - The total profit (loss) for the quarter was CNY -37,667,962.80, compared to CNY 17,089,777.10 in the previous year, reflecting a significant downturn[44] Cash Flow and Liquidity - Net cash flow from operating activities was -¥13,972,966.22, down 122.13% from ¥63,151,116.35 in the same period last year[8] - The company reported a net cash inflow from operating activities of CNY 230,797,183.60, compared to CNY 338,957,716.31 in the previous year, showing a decline of 32%[50] - The net cash flow from operating activities was -19,568,553.15 yuan, a significant decrease compared to 94,088,541.28 yuan in the previous period, indicating a decline of approximately 120.8%[55] - Total cash inflow from financing activities was 281,932,927.17 yuan, compared to 92,546,035.50 yuan in the previous period, representing an increase of about 204.5%[56] - The cash outflow from financing activities totaled 205,819,998.88 yuan, up from 98,105,473.37 yuan, marking an increase of approximately 109.5%[56] - The ending balance of cash and cash equivalents was 47,559,658.54 yuan, down from 108,264,007.50 yuan, indicating a decrease of approximately 56.1%[56] - The company received cash from borrowings amounting to 63,500,000.00 yuan during the period[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,230,264,559.41, a decrease of 0.88% from ¥3,259,026,717.72 at the end of the previous year[8] - Total liabilities amounted to CNY 2,161,757,298.64, up from CNY 2,012,213,943.08, indicating an increase of about 7.4%[40] - The total assets decreased slightly to CNY 3,590,921,272.80 from CNY 3,467,323,915.57, a decline of approximately 3.6%[40] - The company’s total equity decreased to CNY 1,429,163,974.16 from CNY 1,455,109,972.49, reflecting a decline of approximately 1.8%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,008[12] - The largest shareholder, Nanchang Guanggu Group Co., Ltd., held 14.97% of shares, amounting to 118,290,826 shares, which are pledged[12] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[13] Operational Challenges - Cash received from sales of goods and services decreased by 36.52% due to reduced customer payments impacted by the pandemic[18] - The ongoing COVID-19 pandemic has significantly impacted the company's operations, with potential long-term effects on annual performance depending on the duration of the outbreak[23] - The company experienced a 75.97% increase in credit impairment losses, primarily due to increased provisions for receivables[18] - The company is focusing on optimizing market layout and managing risks associated with overseas expansion in the off-grid lighting business[23] Investment and Fund Utilization - The total amount of raised funds in the first quarter of 2020 was CNY 752.69 million, with CNY 642.69 million utilized by the end of the reporting period, representing 64.69% of the total[26] - The cumulative investment in energy-saving lighting service projects under the PPP model reached CNY 119.16 million, completing 59.48% of the committed investment amount[26] - The company decided to temporarily use CNY 120 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months[27] - The cumulative amount of raised funds that have been repurposed is CNY 342.34 million, accounting for 45.48% of the total raised funds[26] - The company aims to improve the efficiency of raised fund usage while ensuring the normal operation of investment projects[27] Research and Development - Research and development expenses were CNY 15,593,838.18, a decrease of 21.1% from CNY 19,803,376.02 in the previous year[47]

深圳市长方集团股份有限公司 2019 年第三季度报告全文 2019 年第三季度报告 证券代码：300301 证券简称：长方集团 披露日期：2019 年 10 月 1 深圳市长方集团股份有限公司 2019 年第三季度报告全文 第一节 重要提示 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。 所有董事均已出席了审议本次季报的董事会会议。 单位：人民币元 公司负责人王敏、主管会计工作负责人胡盛军及会计机构负责人(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 2019 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） | 3,623,666,817.65 | 3,494,425,861.18 | | 3.70% | | 归属于 ...

Financial Performance - Total operating revenue for the first half of 2019 was CNY 817,496,094.49, an increase of 4.07% compared to CNY 785,514,518.92 in the same period last year[21]. - Net profit attributable to shareholders was CNY 40,941,444.83, a significant increase of 3,727.94% from a loss of CNY 1,128,505.13 in the previous year[21]. - Net profit after deducting non-recurring gains and losses reached CNY 29,755,765.46, up 1,734.85% from CNY 1,621,700.09 in the same period last year[21]. - Basic earnings per share increased to CNY 0.0518, compared to a loss of CNY 0.0014 in the same period last year, marking a 3,800.00% increase[21]. - Operating profit rose to CNY 46,256,659.94, reflecting a significant increase of 78.21% compared to CNY 25,955,941.78 in the previous year[28]. - The company achieved total revenue of CNY 817,496,094.49, a 4.07% increase from CNY 785,514,518.92 in the same period last year[37]. - Net profit attributable to shareholders reached CNY 40,962,212.52, a remarkable turnaround from a loss of CNY 1,128,505.13, marking a growth of 3727.94%[37]. - The company reported a net loss of 21,716,727.20 CNY for the current period, indicating a significant decline in profitability[164]. Cash Flow and Financial Position - The net cash flow from operating activities was CNY 5,739,896.23, a turnaround from a negative cash flow of CNY 205,949,178.51 in the previous year, representing a 102.79% improvement[21]. - Cash flow from operating activities showed a net increase of CNY 5,739,896.23, a 102.09% improvement from a negative cash flow of CNY 205,949,178.51 in the previous year[40]. - Cash and cash equivalents at the end of the reporting period totaled 310,493,138.24 RMB, making up 8.61% of total assets, a decrease of 0.68% compared to the previous year[49]. - The total amount of raised funds was 75,268.87 million RMB, with 364 million RMB invested during the reporting period and a cumulative investment of 62,411.72 million RMB[55]. - The total cash inflow from financing activities of CNY 680.47 million, while cash outflow was CNY 492.73 million, resulting in a net cash inflow of CNY 187.74 million[148]. - The cash inflow from operating activities was primarily driven by sales revenue of ¥281,514,110.76, significantly up from ¥133,330,983.74 in the previous year[149]. Assets and Liabilities - Total assets as of June 30, 2019, were CNY 3,604,819,621.05, reflecting a 3.16% increase from CNY 3,494,425,861.18 at the end of the previous year[21]. - Total liabilities stood at CNY 1,943,140,731.83, up from CNY 1,874,245,485.85, indicating an increase of approximately 3.7%[130]. - The company's equity attributable to shareholders increased to CNY 1,660,921,044.32 from CNY 1,619,443,298.12, reflecting a growth of about 2.6%[130]. - Accounts receivable increased significantly to CNY 779,831,363.92 from CNY 547,486,714.07, representing a growth of approximately 42.3%[127]. - The company's long-term borrowings rose to CNY 320,049,625.00 from CNY 133,824,593.75, indicating a significant increase of 139.5%[134]. Strategic Focus and Market Position - The company plans to continue focusing on the LED industry, particularly in high-end LED segments, off-grid lighting, and general lighting[28]. - The company has a strong market position in the LED lighting sector, benefiting from advanced packaging technology and a comprehensive manufacturing system[33]. - The company’s marketing network spans over 50 countries and regions, with plans to expand into markets such as Russia, Poland, Finland, and North America[33]. - The company anticipates significant market opportunities in the LED lighting sector due to continuous technological advancements and cost reductions, despite facing intensified competition[73]. Management and Governance - All directors attended the board meeting to review this report, ensuring comprehensive oversight[6]. - The company emphasizes the importance of talent acquisition and retention as a key driver for sustainable development, implementing a comprehensive employee assessment and incentive mechanism[74]. - The company is addressing management risks by optimizing its management system and introducing scientific decision-making processes to mitigate risks associated with organizational and institutional shortcomings[74]. - The company did not distribute cash dividends or bonus shares for the half-year period, indicating a focus on reinvestment[78]. Compliance and Reporting - The half-year financial report has not been audited, which may impact the perception of financial reliability[80]. - The company faced criticism for failing to timely fulfill review procedures and information disclosure obligations, resulting in a public reprimand for several executives[84]. - The company did not engage in any significant asset or equity sales during the reporting period, maintaining its asset base[69]. - The company reported no significant litigation or arbitration matters during the reporting period[83]. Shareholder Information - The total number of shares before the change was 790,108,769, with 23.78% being restricted shares and 76.22% being unrestricted shares[108]. - The number of shareholders holding more than 5% of ordinary shares totaled 10, with the largest shareholder, 邓子长, holding 14.96% (118,233,831 shares) and experiencing a decrease of 6,350,625 shares[113]. - The total number of shareholders at the end of the reporting period was 36,696[113]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[115]. Research and Development - The company’s R&D investment was CNY 49,483,563.13, up 3.27% from CNY 47,914,788.21 year-on-year[40]. - Research and development expenses for the first half of 2019 were CNY 49,483,563.13, slightly up from CNY 47,914,788.21 in the same period of 2018[138].

深圳市长方集团股份有限公司 2019 年第一季度报告全文 2019 年第一季度报告 证券代码：300301 证券简称：长方集团 披露日期：2019 年 04 月 1 深圳市长方集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 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。 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胡盛军及会计机构负责人(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 2019 年第一季度报告全文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 344,612,647.68 | 327,200,539.45 | 5.32% | | 归属于上市公司股东的净利润（元） | 16,264, ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2018, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[15]. - The company's total revenue for 2018 was CNY 1,574,387,710.94, a decrease of 10.06% compared to CNY 1,750,407,487.37 in 2017[30]. - The net profit attributable to shareholders was CNY -156,868,230.62, representing a decline of 532.88% from CNY 36,238,438.46 in the previous year[30]. - The operating profit for the period was CNY -136,600,151.73, a decline of 215.12% from the previous year's profit of CNY 118,660,239.78[40]. - The company reported a net profit of -222,213,146.70 yuan for the year 2018, resulting in a cumulative undistributed profit of -153,301,512.80 yuan[102]. - The company has consistently reported negative net profits over the past three years, impacting its ability to distribute dividends[102]. - The company’s financial performance indicates a need for strategic reassessment to improve profitability and shareholder returns[105]. Investment and R&D - The company plans to invest RMB 200 million in R&D for new LED technologies in 2019, aiming to enhance product efficiency by 20%[15]. - The company invested approximately ¥100.43 million in R&D, representing 6.38% of total revenue, an increase from 4.99% in the previous year[62]. - The company reported a 14.88% increase in R&D expenses compared to the previous year[61]. - The company aims to increase R&D and innovation investments to provide high-cost performance products[90]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, with expected revenue contribution of RMB 300 million in 2019[15]. - Future guidance estimates revenue growth of 20% for 2019, driven by new product launches and market expansion efforts[15]. - The company plans to focus on the LED industry, particularly in LED packaging and off-grid lighting, leveraging the advantages of Nanchang Guanggu's technology and talent[30]. - The company is focusing on expanding its market presence and diversifying operations in the off-grid lighting sector[89]. - In 2019, the company will intensify its market development efforts, particularly in international markets such as India, Turkey, and Indonesia, while expanding its domestic market presence[93]. Acquisitions and Partnerships - The company is exploring potential acquisitions in the smart lighting sector to diversify its product offerings and increase market share[15]. - The company completed the acquisition of an additional 35.75% stake in its subsidiary, Kangming Sheng, increasing its ownership from 55.88% to 99.96%[41]. - The company signed a strategic cooperation agreement with Shenzhen Tongtuo Technology Co., Ltd. to deepen collaboration in cross-border e-commerce for various lighting products[42]. Financial Management and Cash Flow - The net cash flow from operating activities was CNY -187,622,055.30, a significant decrease of 191.00% compared to CNY 206,189,012.78 in 2017[30]. - Cash and cash equivalents decreased by 33.64% due to payments made for the acquisition of equity in Kangmingsheng[42]. - The total amount of cash and cash equivalents decreased by 618.08%, resulting in a net decrease of -¥189,060,607.83[63]. - The company has established a separate financial department to ensure compliance with regulations[106]. Shareholder and Governance Matters - The company has not proposed any cash dividends, stock bonuses, or capital reserve transfers for the years 2016, 2017, and 2018, maintaining a cash dividend total of 0.00 yuan[104]. - The company’s major shareholders have committed to not transferring their shares for 36 months following the issuance of new shares[109]. - The company has established a policy that limits the annual transfer of shares by directors and senior management to no more than 25% of their total holdings[109]. - The company has emphasized the importance of adhering to commitments made regarding share transfers and tax liabilities to avoid legal repercussions[109]. Operational Efficiency and Cost Control - The company aims to strictly control costs and improve operational efficiency through centralized procurement and process optimization, enhancing overall organizational effectiveness[94]. - The company plans to enhance its operational efficiency by implementing new technologies, expecting a 30% reduction in operational costs by 2020[107]. Industry Outlook - The LED industry in China is projected to maintain a growth rate of 13%-15% from 2018 to 2020, with the market size expected to reach CNY 128.8 billion by 2020[31]. - The overall growth of the LED industry slowed in 2018, with a market growth rate of 12.8% and a packaging output value growth of approximately 15%[31]. - The LED lighting market presents significant growth potential, but the company faces risks from intensified market competition, necessitating a focus on strengthening core competitive advantages[96]. Employee and Management Structure - The company has a total of 4,487 employees, with 1,015 in the parent company and 3,472 in major subsidiaries[177]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, effectively reducing management costs and enhancing efficiency[193]. - The company’s management team includes professionals with significant experience in finance and management, contributing to strategic decision-making[168]. Compliance and Audit - The audit report issued by Da Hua Accounting Firm provided a standard unqualified opinion[200]. - The company has not faced any situations that could lead to suspension or termination of listing following the annual report disclosure[120]. - The company has not encountered any major changes in the feasibility of its investment projects[78].

Financial Performance - Operating revenue for the reporting period was CNY 392,389,649.41, a decline of 17.09% year-on-year[9] - Net profit attributable to shareholders of the listed company was a loss of CNY 10,384,853.12, a decrease of 159.90% compared to the same period last year[9] - Basic earnings per share were CNY -0.0131, down 159.82% year-on-year[9] - The company's gross profit margin decreased to 3.06% from 7.29% in the previous year, indicating a decline in profitability[38] - The company reported a net profit margin of 3.06%, down from 7.29% in the previous year, indicating a decline in overall profitability[38] - The net profit for the current period is CNY -35,820,260.99, compared to a net profit of CNY 527,423.83 in the previous period, reflecting a significant decline[44] - The total comprehensive income for the current period is CNY -35,820,260.99, compared to CNY 527,423.83 in the previous period, indicating a substantial decrease[44] - The company's total profit for the current period is CNY 33,432,646.12, a decrease from CNY 84,092,419.43 in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,724,760,286.44, a decrease of 2.12% compared to the end of the previous year[9] - Total liabilities increased to CNY 1.35 billion, compared to CNY 1.33 billion at the beginning of the period, indicating a rise of 0.29%[32] - The total equity attributable to shareholders decreased to CNY 2.08 billion from CNY 2.17 billion, a decline of 3.93%[32] - Cash and cash equivalents decreased by 37.76% to ¥304,033,635.08 from ¥488,483,461.43 due to increased payments to suppliers and acquisition of minority interests[18] - The ending balance of cash and cash equivalents was 91,793,767.45 CNY, down from 260,407,937.60 CNY in the previous period[58] Cash Flow - The net cash flow from operating activities was CNY -282,271,479.67, a significant decline of 1,209.61% compared to the previous year[9] - The cash flow from operating activities shows a net outflow of CNY -282,271,479.67, contrasting with a net inflow of CNY 25,438,705.81 in the previous period[52] - The total cash inflow from operating activities was 158,837,073.69 CNY, while cash outflow was 457,467,699.75 CNY[57] - Cash inflow from investment activities totaled 509,190,750.58 CNY, while cash outflow was 441,053,748.74 CNY, resulting in a net cash flow of 68,137,001.84 CNY[57] - The net cash flow from financing activities was 218,917,936.70 CNY, an increase from 180,230,562.29 CNY in the previous period[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,870[13] - The top ten shareholders held a combined 70.03% of the shares, with the largest shareholder holding 15.77%[13] Receivables and Payables - Accounts receivable increased by 86.46% to ¥820,071,647.14 from ¥439,818,502.67, attributed to new customer acquisition and adjustments in credit terms[18] - Prepayments rose by 126.14% to ¥29,228,251.62 from ¥12,924,977.34, mainly due to increased advance payments to suppliers[18] - Other receivables increased by 88.83% to ¥20,847,967.52 from ¥11,040,834.89, primarily due to an increase in export tax refunds receivable[18] - Accounts receivable increased significantly to CNY 368.73 million, up from CNY 190.51 million, reflecting a 93.54% increase[33] Expenses - Research and development expenses for the quarter were CNY 23.71 million, down from CNY 28.13 million, reflecting a decrease of 15.71%[38] - The research and development expenses for the current period are CNY 71,623,281.51, an increase from CNY 67,493,578.63 in the previous period, showing a rise of approximately 3.3%[45] - Financial expenses for the current period total CNY 23,355,285.57, down from CNY 25,093,500.36, indicating a decrease of about 6.9%[45] - Tax expenses rose by 31.16% to ¥22,763,238.71 from ¥17,355,873.36, mainly due to increased VAT payable[19] Investment Activities - Investment income decreased by 54.22% to ¥4,473,675.86 from ¥9,772,862.57, attributed to reduced returns from financial products[19] - The investment income for the current period is CNY 4,473,675.86, compared to CNY 9,772,862.57 in the previous period, representing a decline of approximately 54.3%[45] - The asset impairment losses for the current period are CNY 91,522,619.37, an increase from CNY 58,054,794.27 in the previous period, reflecting a rise of approximately 57.5%[45] Future Plans - The company plans to acquire 35.7454% equity in Kangmingsheng from 29 shareholders, with the transaction counterpart changed to Yongzhou Pengkang Enterprise Management Partnership[22]

Financial Performance - Total revenue for Q1 2018 was ¥327,200,539.45, a decrease of 17.03% compared to ¥394,352,792.48 in the same period last year[9]. - Net profit attributable to shareholders was -¥4,466,979.88, representing a decline of 309.41% from ¥2,133,169.37 in the previous year[9]. - Basic earnings per share were -¥0.0057, down 311.11% from ¥0.0027 in the previous year[9]. - Operating profit fell to ¥2,987,024.05, down 54.54% from ¥6,570,027.65 year-on-year[22]. - The company reported a net profit attributable to shareholders of -21,688,036.67 yuan for the year 2017, resulting in a cumulative undistributed profit of 68,911,633.90 yuan at the end of the reporting period[38]. - The net profit for Q1 2018 was CNY 2,879,894.49, down from CNY 11,851,900.15 in Q1 2017, representing a decline of 75.7%[53]. - The total profit for Q1 2018 was CNY 2,935,043.63, compared to CNY 13,360,336.64 in Q1 2017, indicating a decrease of 78.0%[52]. - The company's total comprehensive income for Q1 2018 was CNY 2,879,894.49, down from CNY 11,851,900.15 in Q1 2017, indicating a decline of 75.7%[53]. Cash Flow - Net cash flow from operating activities was -¥196,030,805.74, a significant drop of 1,424.42% compared to ¥14,801,254.18 in the same period last year[9]. - The cash flow from operating activities in Q1 2018 was CNY 209,347,120.40, compared to CNY 341,782,937.91 in the previous year, showing a decrease of 38.7%[59]. - The company reported a total cash outflow from operating activities of 422,552,324.53 CNY, compared to 337,741,462.00 CNY in the previous period[60]. - The company's cash flow from operating activities was significantly impacted, resulting in a net cash flow of -77,558,412.40 CNY for the current period[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,726,615,386.90, a decrease of 2.07% from ¥3,805,279,484.77 at the end of the previous year[9]. - Current liabilities totaled CNY 1,204,837,831.34, down from CNY 1,284,784,132.58, representing a reduction of about 6%[45]. - The company's total assets at the end of Q1 2018 amounted to CNY 3,726,615,386.90, compared to CNY 3,805,279,484.77 at the beginning of the year, indicating a slight decrease[46]. - The company's equity attributable to shareholders was CNY 2,161,064,835.14, a minor decrease from CNY 2,165,531,815.02[46]. Market and Competitive Strategy - The company aims to strengthen its core competitive advantages and enhance R&D and product development in response to intensified market competition[12]. - The company continues to leverage its industry experience and technological advantages in the LED packaging and off-grid lighting sectors to enhance its core competitiveness[23]. - The overseas market for off-grid lighting products is growing, but there are risks related to local market stability and currency policies[13]. - The company is focused on strengthening the synergy between its light source packaging and off-grid lighting businesses[23]. Shareholder and Governance - The company reported a total of 20,788 common shareholders at the end of the reporting period[15]. - The top shareholder, 邓子长, holds 21.02% of shares, with 124,584,456 shares pledged[15]. - The company has established a comprehensive employee assessment and incentive mechanism to attract and retain high-quality talent[12]. - The company has committed to maintaining a fair pricing strategy for related transactions, ensuring no harm to minority shareholders[30]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the completion of the transaction[31]. Investment and Future Plans - The company plans to acquire 35.7454% equity of Kang Mingsheng from 29 natural persons, enhancing its control over the subsidiary[26]. - The company intends to sell its Ping Shan Industrial Park to Shenzhen Ping Shan District Industrial Investment Service Co., Ltd., as approved in board meetings[26]. - The company has outlined its strategies for market expansion and new product development in its future outlook[34]. - The company is investing 200 million RMB in R&D for new product development, focusing on innovative technologies in the next fiscal year[30]. Risk Management - The company has outlined significant risk factors and operational difficulties, along with proposed countermeasures in its risk disclosure section[24]. - The company has established measures to prevent conflicts of interest among its major shareholders[32]. - The company has made commitments regarding tax liabilities and responsibilities in case of any tax-related penalties[32].