Financial Performance - The company's operating revenue for Q1 2023 was ¥461,795,291.35, representing a 42.60% increase compared to ¥323,849,173.34 in the same period last year[4] - Net profit attributable to shareholders was ¥17,367,289.21, up 22.61% from ¥14,164,752.72 year-on-year[4] - The total profit for the period was ¥19,386,878.35, a substantial increase of 5984% compared to ¥12,128,917.94 in the previous year[9] - The operating profit for Q1 2023 was CNY 19,137,944.04, up from CNY 11,891,583.63 in the same period last year, indicating a growth of approximately 61%[25] - The total profit before tax for Q1 2023 was CNY 19,386,878.35, compared to CNY 12,128,917.94 in Q1 2022, reflecting an increase of approximately 60%[25] Cash Flow and Assets - The net cash flow from operating activities decreased by 56.89% to ¥52,215,401.90, down from ¥121,118,927.69 in the previous year[10] - The company’s cash and cash equivalents at the end of the first quarter were ¥215,162,414.82, up from ¥172,086,695.12 at the beginning of the year, representing a growth of 25.1%[20] - The company reported cash and cash equivalents at the end of Q1 2023 amounting to CNY 190,514,693.60, down from CNY 204,610,796.06 at the end of Q1 2022[30] - The total cash inflow from financing activities in Q1 2023 was CNY 111,460,304.89, compared to CNY 70,645,592.59 in Q1 2022, indicating an increase of approximately 57%[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,495,960,014.47, a 16.85% increase from ¥2,135,998,038.09 at the end of the previous year[4] - The total assets of the company reached ¥2,495,960,014.47, compared to ¥2,135,998,038.09 at the beginning of the year, indicating an increase of 16.9%[22] - The total liabilities increased to ¥1,804,261,978.99 from ¥1,462,141,287.55, marking a rise of 23.4%[22] Earnings and Shareholder Returns - The basic earnings per share increased by 22.68% to ¥0.0860, compared to ¥0.0701 in the same period last year[4] - The company’s basic and diluted earnings per share for Q1 2023 were both CNY 0.0860, up from CNY 0.0701 in Q1 2022, representing a growth of about 22%[26] Operational Metrics - The accounts receivable financing increased significantly by 7,094.95% to ¥191,814,352.98 due to increased settlement with acceptance bills[8] - Contract liabilities rose by 78.53% to ¥766,536,400.44, attributed to an increase in orders and advance payments[8] - Accounts receivable increased to ¥594,907,094.38 from ¥493,549,808.15, reflecting a rise of 20.5%[20] - The company’s inventory decreased to ¥696,171,675.45 from ¥790,669,325.84, a decline of 11.9%[20] - The company’s retained earnings increased to ¥211,746,437.13 from ¥194,379,147.92, showing a growth of 9.3%[22] Research and Development - Research and development expenses for Q1 2023 were CNY 12,041,487.64, compared to CNY 10,011,364.51 in Q1 2022, marking an increase of approximately 20%[25] Strategic Initiatives - The company signed a strategic cooperation agreement with Tianjin Bohua Engineering Co., Ltd. to enhance collaboration in business, technology, and talent exchange[17] - The company plans to expand its business cooperation in the VCM project, focusing on the entire lifecycle of related equipment, including R&D, design, manufacturing, and maintenance[17] - The company has successfully changed its sponsor for the stock issuance application and received approval from the Shenzhen Stock Exchange to resume the review process[16] Other Financial Metrics - The total operating costs for Q1 2023 were CNY 437,129,528.32, an increase from CNY 301,311,461.67 in Q1 2022, representing a growth of approximately 45%[25] - The company incurred a credit impairment loss of CNY -6,841,552.98 in Q1 2023, an improvement from CNY -11,818,125.63 in Q1 2022[25]

证券代码：300402 证券简称：宝色股份 公告编号：2023-024 南京宝色股份公司 关于举行2022年度网上业绩说明会的公告 南京宝色股份公司（以下简称"公司"）《2022 年年度报告全文》及摘要已于 2023 年 4 月 26 日在中国证监会指定的创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn）上披露。为便于广大投资者更深入全面地了解公司情况，公 司定于 2022年 5 月 12 日（星期五）下午15:00-17:00 通过深圳证券交易所"互动 易"平台"云访谈"栏目举办2022年度网上业绩说明会。本次年度业绩说明会将采用网 络 远 程 的 方 式 举 行 ， 投 资 者 可 登 陆 深 圳 证 券 交 易 所 " 互动易 " 平 台 （http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次说明会。 出席本次年度业绩说明会的人员有：公司总经理吴丕杰先生、总会计师、董事 会秘书刘义忠先生、独立董事章之旺先生。 为充分尊重投资者、提升交流的针对性，现就公司2022年度业绩说明会提前向 投资者公开征集问题，广泛听取投资者的意见和建议。投资者可提前登陆"互动易" 平 ...

Group 1: Company Overview - The company has focused on the development of non-standard special material equipment since its establishment, becoming a pioneer in the industry [3] - It has completed multiple domestic projects, transitioning product quality from mid-low end to high-end [3] - The company holds 27 patents, including 12 invention patents, and has mastered over 40 key technologies in forming, welding, non-destructive testing, and heat treatment [3] Group 2: Competitive Advantages - Core competitive advantages include first-mover advantage, technological advantage, R&D advantage, market advantage, and equipment advantage [2] - The company aims to enhance product technological content and expand application fields into strategic emerging industries such as nuclear power, military, and environmental protection [4] Group 3: Market Outlook - The non-standard special material equipment market is influenced by downstream industries like chemical, metallurgy, power, and marine engineering [4] - Despite industry pressures in 2015, structural adjustments are ongoing, and certain industries are seeing positive changes, providing new development opportunities for the special material equipment sector [4] - The "13th Five-Year Plan" period is crucial for military industry reforms, which will benefit high-end equipment manufacturing [5] Group 4: Future Strategies - The company plans to achieve traditional equipment optimization through continuous innovation and technology development [5] - It aims to incorporate high-end equipment for strategic emerging industries into its main product line and enhance its brand globally [5] - The company is working to integrate into the military market and develop special material equipment for military applications, having obtained necessary certifications [6]

Financial Performance - In 2020, the company achieved a revenue of 1,092.06 million yuan, representing a year-on-year growth of 19.08% [4] - The net profit for 2020 was 40.45 million yuan, with a year-on-year increase of 17.24% [3] - In Q1 2021, the net profit reached 7.09 million yuan, showing a significant year-on-year growth of 337.05% [3] Strategic Focus - The company aims to enhance its core competitiveness through continuous innovation and optimization of production, quality, and cost management [5] - In 2021, the company plans to focus on its main business, accelerate industrial upgrades, and improve performance [4] Market Position and Competitiveness - The company is recognized as a leading manufacturer in the non-standard equipment sector for special materials, contributing significantly to various industries such as petrochemicals and environmental protection [4] - Key competitive advantages include market, technology, equipment, brand, and location advantages [4] Debt and Financial Management - As of December 30, 2020, the company's debt ratio was 60.51% [3] - Future plans include improving operational efficiency and reducing accounts receivable to lower the debt ratio [3] Employee and Compensation - The company had a total of 683 employees as of December 30, 2020 [6] - Employee salaries increased by 14.71% compared to the previous year [6] Investment and Acquisition Plans - In 2020, the total investment amounted to 3.97 million yuan, with plans for future investments subject to regulatory compliance [5] - The company is open to mergers and acquisitions as a means to expand its scale and integrate vertically within the industry [5][6]

Group 1: Industry Trends and Market Demand - The company's products, including titanium, nickel, zirconium, tantalum, and copper alloys, are widely used in industries such as chemical, metallurgy, new energy, and marine engineering [3] - The demand for high-end special materials and non-standard pressure vessels is expected to grow due to increased investment in large refining bases and integrated refining projects [3] - The new energy sector, particularly the electric vehicle industry, is experiencing explosive growth, leading to significant demand for high-end special materials [3] - The photovoltaic industry is also rapidly developing, driven by global carbon neutrality policies, creating a substantial market for special non-standard pressure vessels [3] Group 2: Company Technology and Capabilities - The company specializes in the manufacturing of non-standard equipment using advanced materials such as titanium and nickel, with a focus on integrating these materials with advanced manufacturing technologies [4] - Over 20 years of development has positioned the company as a leading supplier in the non-standard equipment manufacturing sector, with a comprehensive range of special materials and advanced technology [4] - The company has accumulated extensive experience in design, machining, welding, and inspection technologies, ensuring a strong competitive edge [4] Group 3: Sales and Production Processes - The company primarily engages in order-based production, with long manufacturing cycles typical for large, heavy non-standard equipment [5] - Sales contracts are generally settled through a combination of advance payments, progress payments, delivery payments, and warranty funds [4] - The production cycle for the company's products typically ranges from 6 to 12 months, with potential for compression through lean management and improved coordination across the supply chain [5] Group 4: Raw Material Procurement - The main raw materials include titanium, zirconium, and nickel, procured through a "sales order-based" model, with procurement managed by a centralized logistics team [5] - The company employs a qualified supplier evaluation system to select vendors, ensuring competitive pricing through bidding and negotiation processes [5]

Financial Performance - Q3 2022 revenue was CNY 313,967,485.58, a decrease of 1.48% year-on-year, while year-to-date revenue reached CNY 1,029,418,458.55, an increase of 13.50%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 14,379,498.70, up 18.02% year-on-year, and year-to-date net profit was CNY 43,412,311.86, an increase of 23.51%[5] - Basic earnings per share for Q3 2022 was CNY 0.0712, reflecting an 18.08% increase compared to the same period last year[5] - Total operating revenue for the current period reached ¥1,029,418,458.55, an increase of 13.5% compared to ¥906,951,989.23 in the previous period[28] - Net profit for the current period was ¥43,412,311.86, representing a 23.5% increase from ¥35,149,496.57 in the same period last year[29] - Basic and diluted earnings per share increased to ¥0.2149 from ¥0.1740, reflecting a growth of 23.5%[30] - Operating profit for the current period was ¥40,436,820.21, an increase of 25.5% from ¥32,208,971.87 in the previous period[29] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 2,127,479,727.72, representing a 14.00% increase from the end of the previous year[5] - As of September 30, 2022, the total assets of Nanjing Baose Co., Ltd. amounted to RMB 2,127,479,727.72, an increase from RMB 1,866,197,818.93 at the beginning of the year[21] - The company's current assets totaled RMB 1,628,280,542.59, up from RMB 1,352,762,465.12 at the start of the year, indicating a growth of approximately 20.3%[21] - The total liabilities of the company reached RMB 1,470,577,497.48, compared to RMB 1,232,507,900.55 at the beginning of the year, representing an increase of about 19.3%[25] - The company's equity attributable to shareholders was RMB 656,902,230.24, up from RMB 633,689,918.38, showing a growth of approximately 3.9%[26] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -12,954,369.02, indicating a decline of 107.18% year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥12,954,369.02, a significant decline from a net inflow of ¥180,403,485.64 in the previous period[32] - Cash flow from financing activities resulted in a net outflow of ¥77,864,614.29, compared to a net outflow of ¥165,353,229.78 in the prior period[32] - The company reported a total cash and cash equivalents decrease of ¥93,207,343.19, contrasting with an increase of ¥8,106,698.33 in the previous period[32] Expenses and Provisions - The company experienced a 137.32% increase in credit impairment losses, amounting to CNY -27,296,931.12, primarily due to increased provisions for bad debts[13] - The company incurred credit impairment losses of ¥27,296,931.12, compared to ¥11,502,132.68 in the previous period, highlighting increased risk management challenges[29] - Research and development expenses were ¥41,533,824.04, up from ¥37,330,353.76, indicating a focus on innovation[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,015[14] Investments and Subsidiaries - The company plans to invest RMB 200 million to establish a wholly-owned subsidiary in Jiangsu Nantong for the operation of the Tongzhou Bay oversized equipment manufacturing base project[17] - The company has completed the registration of the wholly-owned subsidiary and obtained the business license from the Jiangsu Provincial Administration[17] - Nanjing Baose Co., Ltd. is in the process of issuing shares to specific investors, with the proposal approved by the board on June 22, 2022[18] - The company received notification from the Shenzhen Stock Exchange on October 21, 2022, regarding the acceptance of its application for the issuance of shares to specific investors[20] Government Subsidies - The company received government subsidies totaling CNY 1,999,974.31 during the reporting period, contributing to non-operating income[7]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥715.45 million, representing a 21.62% increase compared to ¥588.27 million in the same period last year[23]. - The net profit attributable to shareholders was approximately ¥29.03 million, up 26.42% from ¥22.97 million year-on-year[23]. - The net profit after deducting non-recurring gains and losses was approximately ¥26.59 million, reflecting a 32.97% increase from ¥20.00 million in the previous year[23]. - The basic earnings per share increased to ¥0.1437, a rise of 26.39% compared to ¥0.1137 in the previous year[23]. - Operating profit reached 27.04 million yuan, reflecting a year-on-year growth of 30.69%[69]. - The company's revenue for the reporting period was approximately ¥715.45 million, representing a year-on-year increase of 21.62% due to increased contract deliveries[81]. - Operating costs rose to approximately ¥580.07 million, an increase of 19.70% compared to the previous year, attributed to higher proportional costs[81]. - Research and development expenses increased by 20.83% to approximately ¥29.10 million, reflecting the company's commitment to innovation[81]. Cash Flow and Assets - The net cash flow from operating activities decreased by 66.33% to approximately ¥53.33 million, down from ¥158.40 million in the same period last year[23]. - The company's cash and cash equivalents decreased by 126.79% to approximately -¥19.47 million, indicating a significant cash outflow[81]. - Accounts receivable increased to approximately ¥697.74 million, accounting for 32.12% of total assets, up from 26.63% the previous year[88]. - The company's total assets included cash and cash equivalents of approximately ¥179.77 million, representing 8.27% of total assets, an increase from 7.58% the previous year[88]. - The company's current assets totaled CNY 1,668,159,783.56, up from CNY 1,352,762,465.12 at the beginning of the year, indicating a growth of approximately 23.3%[198]. - Total liabilities rose to CNY 1,530,067,037.50 from CNY 1,232,507,900.55, representing an increase of around 24.2%[199]. Market Position and Industry Insights - The company operates in the special materials non-standard equipment manufacturing industry, which is a key segment of the high-end equipment manufacturing sector in China[31]. - The pressure vessel manufacturing industry in China is expected to see increased market space due to the push for carbon neutrality and the development of strategic emerging industries[33]. - The company has established stable partnerships with several large engineering companies and energy enterprises, covering most regions in China and some international markets[45]. - The company has maintained a strong market position in the non-standard equipment manufacturing sector, becoming a key supplier for major domestic battery material producers[51]. - The company has successfully expanded its product applications into the environmental protection sector, including new core equipment orders for water treatment technology[55]. Research and Development - The company has developed over 40 advanced technologies, including titanium, nickel, and zirconium equipment manufacturing, achieving multiple breakthroughs in the special material equipment manufacturing field[60]. - The company has established a comprehensive R&D management system and has been granted 54 patents, including 25 invention patents, enhancing its core competitiveness[61]. - The company launched 10 independent R&D projects focusing on high-end materials and advanced manufacturing technologies, with one project recognized as a provincial key project[73]. Risk Management and Governance - The management has outlined potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company is committed to strengthening internal controls and risk management to enhance profitability and ensure sustainable development[75]. - The company recognizes the risk of core talent loss due to increasing competition and is reforming its compensation system to attract and retain key personnel[107]. - The company has established a robust internal management and control system to protect the rights of shareholders and creditors, enhancing corporate governance[128]. Environmental Responsibility - The company has implemented a comprehensive environmental management system, ensuring all pollution control facilities operate effectively and meet regulatory standards[121]. - In the first half of 2022, the company reported zero instances of exceeding pollution discharge limits across wastewater and air emissions[121]. - The company has maintained a 100% compliance rate in the disposal of solid waste according to regulatory requirements[121]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of shares is 202,000,000, with 100% being unrestricted shares[179]. - The largest shareholder, Baoti Group, holds 57.52% of the shares, totaling 116,200,000 shares[181]. - The company has a total of 19,792 shareholders at the end of the reporting period[181].

Financial Performance - The company's operating revenue for Q1 2022 was ¥323,849,173.34, representing a 56.48% increase compared to ¥206,952,703.69 in the same period last year[4] - Net profit attributable to shareholders was ¥14,164,752.72, a 99.76% increase from ¥7,090,914.63 year-on-year[4] - Total operating revenue for the current period reached ¥323,849,173.34, a significant increase from ¥206,952,703.69 in the previous period, representing a growth of approximately 56.4%[20] - Net profit for the current period was ¥14,164,752.72, compared to ¥7,090,914.63 in the previous period, reflecting an increase of approximately 99%[22] - Operating profit rose to ¥11,891,583.63 from ¥6,267,916.13, marking an increase of around 89%[21] - The company reported a basic earnings per share of ¥0.0701, up from ¥0.0351, indicating a growth of 100%[22] - The company’s total comprehensive income for the current period was ¥14,164,752.72, compared to ¥7,090,914.63 in the previous period, indicating an increase of about 99%[22] Cash Flow and Assets - The net cash flow from operating activities increased by 23.77% to ¥121,118,927.69, up from ¥97,860,851.49 in the previous year[9] - Cash flow from operating activities generated a net amount of ¥121,118,927.69, compared to ¥97,860,851.49 in the previous period, showing an increase of about 23.5%[25] - Cash and cash equivalents at the end of the period totaled ¥204,610,796.06, up from ¥128,131,405.92, representing an increase of approximately 59.7%[26] - The company's cash and cash equivalents increased to CNY 260,208,455.89 from CNY 141,482,427.62, reflecting an increase of approximately 83.8%[16] - Current assets amounted to CNY 1,629,627,058.59, up from CNY 1,352,762,465.12, indicating a rise of about 20.5%[16] Expenses and Liabilities - Research and development expenses rose significantly by 171.90% to ¥10,011,364.51, compared to ¥3,681,985.96 in the same period last year[8] - Total operating costs amounted to ¥301,311,461.67, up from ¥196,996,430.31, indicating an increase of about 53%[20] - The company’s financial expenses increased by 54.08% to ¥5,113,006.97, primarily due to higher loan interest payments[8] - Total liabilities increased to CNY 1,489,099,183.47 from CNY 1,232,507,900.55, which is an increase of approximately 20.8%[18] - The company incurred a credit impairment loss of ¥11,818,125.63, which is an increase from ¥5,531,531.94 in the previous period, reflecting a rise of approximately 113%[21] Assets and Shareholder Equity - Total assets at the end of the reporting period were ¥2,137,609,152.93, a 14.54% increase from ¥1,866,197,818.93 at the end of the previous year[4] - The company reported a total asset of CNY 2,137,609,152.93 as of March 31, 2022, an increase from CNY 1,866,197,818.93 at the beginning of the year, representing a growth of approximately 14.5%[15] - The company’s equity attributable to shareholders rose to CNY 648,509,969.46 from CNY 633,689,918.38, reflecting a growth of about 2.5%[19] Strategic Initiatives - The company secured a core equipment order from China Aviation Engine Corporation for high-temperature nickel-based alloy welding equipment, indicating a strategic expansion into the aviation engine sector[14] - The company is focusing on optimizing product structure and expanding into new business areas to seek new profit growth points[13] Other Financial Metrics - The weighted average return on equity increased to 2.21%, up from 0.95% in the previous year[4] - The company reported a significant increase in prepayments, which rose by 250.63% to ¥79,246,735.73 due to increased procurement[6] - The company’s contract liabilities increased by 31.98% to ¥459,721,364.68, attributed to an increase in orders and advance payments[6] - The company’s contract assets increased significantly to CNY 113,558,957.46 from CNY 76,015,058.38, representing an increase of approximately 49.4%[16] - The company’s inventory decreased slightly to CNY 577,176,386.97 from CNY 582,328,690.43, showing a reduction of about 0.3%[16] - Accounts receivable rose to CNY 573,320,738.22 from CNY 496,990,867.12, marking an increase of about 15.4%[16] - The total number of ordinary shareholders at the end of the reporting period was 21,311[11]

Financial Performance - The company's operating revenue for 2021 was ¥1,256,642,228.29, representing a 15.07% increase compared to ¥1,092,062,565.96 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥52,915,337.82, a 30.81% increase from ¥40,453,427.47 in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,743,738.71, reflecting a 53.10% increase from ¥31,184,611.87 in 2020[21]. - The total assets at the end of 2021 were ¥1,866,197,818.93, an 8.09% increase from ¥1,726,489,021.88 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 7.05% to ¥633,689,918.38 at the end of 2021 from ¥681,774,580.56 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.2620, up 30.80% from ¥0.2003 in 2020[21]. - The weighted average return on equity increased to 8.26% in 2021 from 6.06% in 2020, an increase of 2.20%[21]. - The total profit reached 51.90 million yuan, marking a year-on-year increase of 38.95%[69]. - The company achieved a net profit of 150 million RMB in 2021, up 20% compared to the previous year[181]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[194]. Research and Development - The company invested over 60 million yuan in R&D expenses, enhancing its core competitiveness through independent technology development[61]. - The company obtained 1 invention patent and 3 utility model patents during the reporting period, with a total of 53 patents held by the end of the period[61]. - The company's R&D investment amounted to ¥61,956,286.43 in 2021, representing 4.93% of its operating revenue, an increase from 3.86% in 2020[101]. - New product development efforts are underway, with an investment of 50 million RMB allocated for R&D in advanced titanium materials[176]. - Research and development investments increased by 30%, totaling 150 million RMB, to enhance product offerings and technology[194]. Market Position and Strategy - The company operates in the special materials non-standard equipment manufacturing industry, which is experiencing significant growth due to increased demand in sectors like petrochemicals and renewable energy[31]. - The company has established itself as a leading manufacturer in the domestic special material non-standard equipment sector, with a comprehensive range of special materials and advanced technology[35]. - The company has secured significant projects in the PTA, PDH, and MMA chemical equipment sectors, maintaining a strong market position and competitive advantage[51]. - The company has become a key supplier for well-known domestic power battery raw material manufacturers, breaking industry monopolies with its large high-pressure reactor equipment[35]. - The company plans to expand its market presence in renewable energy and environmental protection sectors, leveraging national energy transition opportunities[131]. - The company aims to enhance its competitive edge in high-end product manufacturing, which is currently limited by funding and technology levels[116]. - The company is exploring potential mergers and acquisitions to strengthen its supply chain and market position[194]. Operational Efficiency - The company has implemented a comprehensive cost control strategy, ensuring actual costs remain within budget across all project phases, thereby enhancing profitability[81]. - The company has established a price management committee to mitigate risks from raw material price fluctuations, enhancing its risk management framework[81]. - The company has maintained a stable core technical team and has not experienced significant changes in its operating model or competitive advantages during the reporting period[57]. - The company has implemented a fixed-term and contractual management system for its management team to enhance operational efficiency and accountability[82]. - The company is focusing on business innovation and expanding into strategic emerging industries such as environmental protection and marine engineering[133]. Governance and Compliance - The company is committed to maintaining a high standard of corporate governance and compliance with regulatory requirements to build investor trust[137]. - The company has a robust governance structure with checks and balances through its board of directors, supervisory board, and independent directors[166]. - The company has no related party transactions that could compromise its independence or create conflicts of interest[165]. - The company emphasizes the importance of information disclosure to enhance investor relations management, ensuring timely and accurate reporting of production, operations, and financial status[137]. - The company held its first temporary shareholders' meeting in 2021 with a participation rate of 62.80% on March 18, 2021[168]. Risk Management - The company acknowledges the risk of accounts receivable due to long payment cycles and increasing amounts, and plans to strengthen project management and implement stricter credit control measures[143]. - The company faces risks related to macroeconomic conditions, with potential impacts on marketing orders and operational performance due to fluctuations in fixed asset investments in downstream industries[139]. - The company emphasizes strict adherence to contract payment terms to address client-related performance risks[146]. - The company is enhancing financial management to optimize asset and debt structure, ensuring project cost control within budget[135]. Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for 1.875 billion RMB[194]. - The company plans to enhance its digital marketing efforts, allocating 50 million RMB to improve online engagement and sales[194]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 20% over the next five years[174]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international sales by 2023[181].

Financial Performance - The company's revenue for Q3 2021 was ¥318,682,108.86, a decrease of 8.24% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥12,183,461.67, an increase of 0.07% year-on-year[4]. - The net profit excluding non-recurring gains and losses was ¥10,825,083.63, up by 2.28% compared to the previous year[4]. - Total operating revenue for the period reached RMB 906,951,989.23, compared to RMB 892,756,540.65 in the previous period[20]. - The total operating revenue for Q3 2021 was 864,895,955.18 CNY, an increase from 853,029,822.23 CNY in Q3 2020, reflecting a growth of approximately 1.03%[21]. - The net profit for Q3 2021 reached 35,149,496.57 CNY, compared to 30,961,013.12 CNY in the same period last year, representing a year-over-year increase of about 13.06%[22]. - The operating profit for Q3 2021 was 32,208,971.87 CNY, up from 26,994,472.29 CNY in Q3 2020, indicating a growth of approximately 19.83%[21]. - The company reported a basic and diluted earnings per share of 0.1740 CNY, an increase from 0.1533 CNY in the same quarter last year, representing a growth of about 13.93%[22]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,031,402,150.52, reflecting a growth of 17.66% from the end of the previous year[4]. - Current assets increased to RMB 1,516,552,973.00 from RMB 1,201,403,041.74 year-on-year[17]. - The company's accounts receivable increased by 31.10% to ¥490,708,254.26 due to higher revenue[8]. - Accounts receivable rose to RMB 490,708,254.26, up from RMB 374,306,295.33 in the previous year[17]. - Inventory increased to RMB 616,465,054.02, compared to RMB 584,683,353.29 at the end of the previous year[17]. - Total liabilities amounted to RMB 1,415,478,073.39, up from RMB 1,044,714,441.32 year-on-year[19]. - Short-term borrowings rose by 37.46% to ¥330,339,750.00, attributed to increased loans[8]. - Short-term borrowings increased to RMB 330,339,750.00 from RMB 240,321,896.40 in the previous period[18]. - The company's total assets reached RMB 2,031,402,150.52, compared to RMB 1,726,489,021.88 at the end of the previous year[19]. - Non-current assets decreased slightly to RMB 514,849,177.52 from RMB 525,085,980.14 year-on-year[18]. - The company's retained earnings decreased to RMB 147,772,554.72 from RMB 213,623,058.15 in the previous period[19]. - The total equity attributable to shareholders was RMB 615,924,077.13, down from RMB 681,774,580.56 year-on-year[19]. Cash Flow and Expenses - The company's cash flow from operating activities for the year-to-date was ¥180,403,485.64, an increase of 7.20%[4]. - Cash flow from operating activities generated a net amount of 180,403,485.64 CNY, compared to 168,285,191.86 CNY in Q3 2020, reflecting a growth of approximately 7.06%[24]. - The company incurred financial expenses of 10,860,112.78 CNY, slightly down from 11,203,190.46 CNY in the previous year, showing a decrease of about 3.06%[21]. - The total operating costs for Q3 2021 were 864,895,955.18 CNY, compared to 853,029,822.23 CNY in Q3 2020, reflecting an increase of approximately 1.01%[21]. - The company reported a decrease in tax expenses to 7,022,149.29 CNY from 8,067,051.61 CNY in the previous year, indicating a reduction of about 12.94%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,151[11]. - The largest shareholder, Baotai Group Co., Ltd., holds 57.52% of the shares[11]. Research and Development - Research and development expenses amounted to 37,330,353.76 CNY, compared to 34,850,815.98 CNY in the previous year, showing an increase of about 7.13%[21]. Other Financial Metrics - The weighted average return on equity was 1.89%, an increase of 0.29% year-on-year[4]. - The total cash and cash equivalents at the end of Q3 2021 were 79,216,938.87 CNY, up from 49,969,195.22 CNY at the end of Q3 2020, indicating an increase of approximately 58.58%[25].