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].

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 ...