企业负责人： 林大耀 主管会计工作负责人：许晓敏 会计机构负责人：梁洁珍 | | | | | | 2023年半 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 占用方与上市 | | 2023 年期初 | 年度占用 | 2023 年半 | 2023 年半 | 2023 年半 | | | | 非经营性资金 | 资金占用方名称 | 公司的关联关 | 上市公司核算 | 占用资金余 | 累计发生 | 年度占用 | 年度偿还 | 年度期末 | 占用形成原因 | 占用性质 | | 占用 | | 系 | 的会计科目 | 额 | 金额（不 | 资金的利 | 累计发生 | 占用资金 | | | | | | | | | | 息（如有） | 金额 | 余额 | | | | | | | | | 含利息） | | | | | | | 控股股东、实 | - | - | - | - | - | - | - | - | - | - | | 际控制人及其 | | | | | | - | | | | | | 附属企业 | - ...

证券代码：300591 证券简称：万 里 马 公告编号：2023-040 广东万里马实业股份有限公司 第三届监事会第二十四次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 1. 广东万里马实业股份有限公司（以下简称"公司"）第三届监事会第二十 四次会议于 2023 年 8 月 19 日通过电话、电子邮件方式送达至各位监事，通知中 包括会议的相关材料，同时列明了会议的召开时间、地点、内容和方式。 2. 本次监事会于 2023 年 8 月 29 日在公司会议室，以现场表决方式召开。 3. 本次监事会应出席监事 3 名，实际出席监事 3 名。会议由王鹤亭先生主 持。 4. 本次会议的召集、召开和表决程序符合《公司法》等法律法规和《公司 章程》的有关规定。 二、监事会会议审议情况 1. 审议通过《关于<公司 2023 年半年度报告全文及摘要>的议案》 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 公司编制了《广东万里马实业股份有限公司 2023 年半年度报告》及《广东 万里马实业股份有限公司 2023 年半年度报告摘 ...

证券代码：300591 证券简称：万 里 马 公告编号：2023-039 广东万里马实业股份有限公司 第三届董事会第二十七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1. 广东万里马实业股份有限公司（以下简称"公司"）第三届董事会第二十 七次会议于 2023 年 8 月 19 日通过电话及书面送达方式送达至各位董事，通知中 包括会议的相关材料，同时列明了会议的召开时间、地点、内容和方式。 2. 本次董事会于 2023 年 8 月 29 日在公司会议室，以现场加通讯表决方式 召开。 3. 本次董事会应出席董事 7 名，实际出席董事 7 名。会议由林大洲先生主 持，公司部分监事、高级管理人员列席了本次董事会。 4. 本次会议的召集、召开和表决程序符合《公司法》等法律法规和《公司 章程》的有关规定。 二、董事会会议审议情况 表决结果：同意票 7 票，反对票 0 票，弃权票 0 票。 2. 审议通过《关于<公司 2023 年半年度募集资金存放与使用情况的专项报 1 告>的议案》 具体内容详见公司同步披露于巨潮资讯网（www. ...

证券代码：300591 证券简称：万里马 | 3.领导好。请介绍一下公司下一步的发展战略？ | | --- | | 答:尊敬的投资者您好，感谢您对公司的关注。公司以"多品牌、多 | | 渠道、多品类"战略为核心，通过坚持品牌定位，坚持打造高质 | | 量、高附加值、高性价比产品，进一步优化完善营销网络，纵深执 | | 行团购业务的战略布局。在深度理解和融合国家军民融合战略基础 | | 上，充分利用研发、设计和渠道等各方面的优势，向特种防弹、防 | | 护类产品延展，与现有资源相结合逐步涉入特种防弹、防护类产 | | 品，培育、拓展和挖掘公司新的业务增长点。主要如下：1、持续 | | 重点研发单兵防护装备，提升团购业务战略纵深；2、运用人工智 | | 能赋能直播业务计划；3、优化直营渠道计划，加大力度开展多元 | | 化品牌运营，提升各品牌的经营规模；4、加大研发投入、增加技 | | 术研发力量；5；抓住军民融合的有利时机，围绕做大做强主营业 | | 务的战略目标，寻求同行业、上下游或新材料企业做适当的收购兼 | | 并，不断扩大企业规模和实力，实现协同发展。谢谢！ | | 4.在公司产品的需求端上，人群特点有 ...

Financial Performance - The company reported a significant loss due to insufficient military orders and weak consumer demand, with group purchase sales accounting for over 50% of total sales from 2020 to 2022, specifically 2,616.68 million, 2,036.82 million, and 2,683.56 million CNY, representing 76.53%, 61.54%, and 58.56% of total revenue respectively [3]. - The company's revenue for 2022 was CNY 475,603,170.71, representing a 40.18% increase compared to CNY 339,287,548.81 in 2021 [26]. - The net profit attributable to shareholders for 2022 was a loss of CNY 212,563,457.79, which is a 62.32% increase in loss compared to a loss of CNY 130,952,249.05 in 2021 [26]. - The cash flow from operating activities for 2022 was a negative CNY 150,818,034.30, a decline of 296.31% from a positive CNY 76,826,618.96 in 2021 [26]. - The total assets at the end of 2022 were CNY 950,268,280.15, a 24.29% increase from CNY 764,534,399.45 at the end of 2021 [26]. - The basic earnings per share for 2022 was -CNY 0.5497, a decrease of 38.39% from -CNY 0.3972 in 2021 [26]. - The company reported a total revenue of CNY 121,806,872.85 in Q1 2022, with a net profit of CNY 1,649,975.65 attributable to shareholders [29]. - In Q4 2022, the company experienced a significant loss with a net profit of -CNY 202,707,341.33 attributable to shareholders [29]. - The company’s net assets attributable to shareholders increased by 54.84% to CNY 555,596,989.16 at the end of 2022 from CNY 358,808,701.75 at the end of 2021 [26]. Inventory and Impairment - The company recognized inventory impairment losses of 46.9868 million CNY and bad debt provisions of 39.2730 million CNY due to weak consumer demand and difficulties in recovering accounts receivable [6]. - A goodwill impairment of 14.4403 million CNY was recorded related to the acquisition of Chaoqi Technology, reflecting the challenges faced post-acquisition [7]. - The company recorded an inventory impairment loss of ¥46,986,800 due to weak overall consumer demand and slow inventory turnover [68]. Market and Industry Trends - The footwear and apparel industry is experiencing intensified competition, but it remains a vital sector with growth potential as China continues to develop as a major manufacturing and consumption hub [9]. - The leather and footwear industry in China generated a revenue of 1,133.99 billion yuan in 2022, a year-on-year decrease of 0.4% [47]. - The total profit for the leather and footwear industry in 2022 was 61.44 billion yuan, representing a year-on-year increase of 3.3% [47]. - The consumer price index for clothing decreased by 3.8% in 2022, with per capita clothing expenditure at 1,365 yuan, accounting for 5.6% of total per capita consumption expenditure [51]. - The overall consumer spending on clothing and footwear has been declining, with retail sales in this category dropping by 6.5% in 2022 [51]. - The leather industry is experiencing intensified competition, with many domestic brands and new online brands emerging, leading to price wars becoming the norm [50]. - The consumer sentiment is low, influenced by increased spending on medical protective supplies, which has further impacted consumption in the short term [51]. - The "China Light Leather Prosperity Index" for December 2022 was 83.52, indicating a cooling trend in the industry [48]. Strategic Initiatives - The company plans to enhance its inventory structure and accelerate capital turnover through increased promotional efforts for footwear inventory [6]. - The company is committed to complying with industry disclosure requirements as outlined by the Shenzhen Stock Exchange [9]. - The company is focusing on digital transformation and enhancing operational efficiency to meet personalized consumer demands [65]. - The company anticipates significant growth potential driven by domestic middle-class consumption upgrades and the influence of technology-driven "new retail" trends [52]. - The company is strategically positioned to benefit from the "military-civilian integration" national strategy, with single-soldier protective equipment expected to become a new growth driver [63]. - The company aims to enhance its operational efficiency through an upgraded information system to integrate procurement, production, sales, and finance, addressing the challenges of its current systems [189]. Product Development and R&D - The company is actively pursuing smart manufacturing upgrades to transition from a labor-intensive model to an automated and intelligent production approach [114]. - R&D expenses amounted to ¥33,916,400, accounting for 7.13% of total revenue, highlighting the company's commitment to enhancing its competitive edge through innovation [112]. - The company aims to enhance product quality and functionality through ongoing R&D projects, targeting improved competitiveness in the market [143]. - The company plans to increase investment in R&D, particularly for specialized products for group purchasing clients, to maintain its competitive edge [184]. - The company has established a research center for emergency protective products, focusing on developing specialized military and police equipment [112]. Sales and Distribution - The company has a strong e-commerce presence, leveraging platforms like Taobao, Tmall, and JD.com for sales, and has established an independent e-commerce department [89]. - The company utilizes a diverse sales channel strategy, including group purchasing, direct sales, e-commerce, wholesale agents, and ODM [83]. - The company’s direct sales channels are focused on major urban areas, enhancing customer experience and brand image through physical stores [85]. - The company has expanded its wholesale agent channel rapidly across the country, enhancing market coverage and optimizing the sales network [92]. - The company reported a significant decrease of 74.22% in other business revenue, dropping to 4,686,690.35 CNY from 18,182,180.20 CNY [129]. Financial Management and Fundraising - The company raised a total of RMB 419,999,999.51 through the issuance of 75,949,367 shares at a price of RMB 5.53 per share, with a net amount of RMB 410,398,420.40 after deducting issuance costs [159]. - The company has established special accounts for fundraising management at multiple banks, ensuring compliance with regulatory requirements [164]. - The company has made efforts to improve fundraising efficiency and protect investor interests through strict management protocols [164]. - The company has adhered to the three-party supervision agreement for fundraising, with no significant issues reported during the usage of the funds [160]. - The company has successfully completed the "Smart Manufacturing Upgrade Project" and "R&D Center Upgrade Project," achieving the intended use of the raised funds [163]. Customer Base and Market Position - The company has established stable partnerships with military and police forces, becoming a reliable supplier for various government sectors [102]. - The company focuses on group purchasing products, primarily serving stable customer groups such as military and state-owned enterprises, which constitute a significant portion of its business [75]. - The recognition of domestic brands is increasing, with 70% of post-90s and nearly 80% of post-00s consumers preferring to purchase domestic brands [66]. - The company targets middle-class consumers in first and second-tier cities, with product price ranges from 600 to 3,500 RMB [140]. Challenges and Risks - Future performance projections and strategic plans are subject to risks and uncertainties, and investors are advised to remain cautious [9]. - The company is facing risks from economic fluctuations that could impact consumer demand for leather goods, necessitating a focus on enhancing brand value and core competitiveness [190]. - The company has identified risks related to the decline in sales from direct store channels due to the rise of e-commerce and increasing operational costs [192]. - The company emphasizes the importance of accurately predicting market trends and consumer preferences to mitigate risks associated with product development [197].

Financial Performance - The company's revenue for Q1 2023 was ¥85,214,395.31, a decrease of 30.04% compared to ¥121,806,872.85 in the same period last year[5] - The net loss attributable to shareholders was ¥8,889,388.46, representing a decline of 638.76% from a profit of ¥1,649,975.65 in the previous year[5] - The net cash flow from operating activities was negative at ¥29,775,585.10, worsening by 150.30% compared to a negative cash flow of ¥11,895,768.07 in the same period last year[5] - Basic and diluted earnings per share were both -¥0.0219, a decrease of 538.00% from ¥0.005 in the previous year[5] - The company reported a net loss of CNY 415,501,027.32, worsening from a loss of CNY 406,611,638.86 in the previous period[16] - The total comprehensive loss for the period was CNY 7,623,319.79, compared to a comprehensive income of CNY 2,601,077.99 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥923,665,206.21, down 2.80% from ¥950,268,280.15 at the end of the previous year[5] - Total liabilities decreased to CNY 354,847,879.31 from CNY 373,827,633.46, indicating a decline of 5.08%[16] - The total equity attributable to shareholders decreased to CNY 546,958,188.32 from CNY 555,596,989.16, a decrease of 1.14%[16] Shareholder Information - The company reported a total of 17,497 common shareholders at the end of the reporting period[10] - The largest shareholder, Lin Dayao, holds 15.02% of the shares, amounting to 60,935,700 shares, with 15,000,000 shares pledged[10] Government Support and Other Income - The company received government subsidies amounting to ¥151,272.39 during the reporting period[6] - The company reported investment income of CNY 105,732.43 during the quarter[20] Operational Efficiency and Cost Management - The company plans to continue focusing on cost reduction strategies and improving operational efficiency in the upcoming quarters[17] - The total operating costs amounted to CNY 94,309,696.20, down from CNY 121,120,449.11, indicating a reduction of 22.25%[17] - The total operating expenses increased to CNY 130,586.59 for taxes and CNY 10,089,117.31 for sales expenses, compared to CNY 396,612.61 and CNY 8,160,982.20 respectively in the previous year[18] Cash Flow and Equivalents - The company's operating cash flow net amount was -CNY 29,775,585.10, worsening from -CNY 11,895,768.07 in the prior year[21] - The company’s cash and cash equivalents at the end of the period were CNY 94,226,833.69, down from CNY 428,826,133.82 at the end of the previous year[21] - Cash and cash equivalents at the end of the period were CNY 96,216,399.50, compared to CNY 117,887,394.24 at the beginning of the year[14] Inventory and Receivables - Accounts receivable decreased to CNY 305,425,257.11 from CNY 318,887,781.64, reflecting a decline of 4.61%[15] - Inventory increased slightly to CNY 109,870,253.61 from CNY 107,360,042.62, showing a growth of 2.34%[15] Research and Development - The company incurred R&D expenses of CNY 5,665,745.08, slightly down from CNY 5,698,203.14 year-over-year[18]

证券代码：300591 证券简称：万 里 马 公告编号：2023-023 1 一、说明会召开的时间、地点和方式 会议召开时间：2023 年 5 月 12 日（星期五）15:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 出席本次年报业绩说明会的人员有：公司董事长林大洲先生、财务总监许晓 敏女士、独立董事孔祥婷女士、董事会秘书苏继祥先生、保荐代表人方军先生。 三、投资者参加方式 投资者可于 2023 年 05 月 12 日（星期 五） 15:00-17:00 通过网址 https://eseb.cn/1452wSdoMow 或使用微信扫描下方小程序码即可进入参与互动交 广东万里马实业股份有限公司 关于召开 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 广东万里马实业股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日在巨潮资讯网上披露了《2022 年年度报告》及《2022 年年度报告摘要》。为 了让广大投资者能进一步了解公司 2022 年 ...

[Key Financial Data](index=2&type=section&id=Item%20I.%20Key%20Financial%20Data) This section provides an overview of the company's key financial performance, including accounting data, non-recurring items, and an analysis of significant financial indicator changes [Key Accounting Data and Financial Indicators](index=2&type=section&id=Item%20%28I%29.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported **75.89%** revenue growth and a **68.25%** reduction in net loss attributable to shareholders in the first three quarters of 2022, with total assets and equity significantly increasing due to private placement Key Accounting Data and Financial Indicators | Indicator | Year-to-Date (2022 Q1-Q3) | Y-o-Y Change (Year-to-Date) | As of Report Period End (2022-09-30) | Change from Year-End (2021) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 400,692,628.94 | 75.89% | - | - | | Net Profit Attributable to Shareholders (RMB) | -11,506,092.11 | 68.25% (Loss Narrowed) | - | - | | Net Cash Flow from Operating Activities (RMB) | -150,761,090.75 | -660.46% | - | - | | Total Assets (RMB) | - | - | 1,202,568,985.52 | 57.29% | | Total Equity Attributable to Shareholders (RMB) | - | - | 756,512,433.48 | 110.84% | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%20%28II%29.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In the first three quarters of 2022, total non-recurring gains and losses amounted to **-RMB 4.32 million**, primarily due to a **RMB 5.45 million** contingent liability, partially offset by government subsidies and income tax effects Non-Recurring Gains and Losses Items and Amounts | Item | Year-to-Date Amount (RMB) | Description | | :--- | :--- | :--- | | Gains/Losses from Contingent Items Unrelated to Normal Operations | -5,445,000.00 | Primarily provision for litigation-related liabilities | | Government Subsidies Recognized in Current Period P&L | 479,915.31 | - | | **Total** | **-4,317,498.08** | - | [Analysis of Changes and Reasons for Key Financial Indicators](index=3&type=section&id=Item%20%28III%29.%20Analysis%20of%20Changes%20and%20Reasons%20for%20Key%20Financial%20Indicators) Significant changes in financial position and operating results were driven by private placement impacting assets and financing cash flow, **75.89%** revenue growth from e-commerce, and reduced operating cash flow - Balance sheet item changes were primarily influenced by private placement A-share stock fundraising, leading to significant increases in **monetary funds (+208.92%)**, **trading financial assets (+100%)**, and **capital reserves (+163.68%)**[9](index=9&type=chunk) - Total operating revenue increased by **75.89%** year-on-year, primarily due to increased group-buying and e-commerce channel business during the period[9](index=9&type=chunk) - Net cash flow from operating activities decreased by **660.46%** year-on-year, mainly due to a reduction in receivables collected compared to the same period last year[10](index=10&type=chunk) - Net cash flow from financing activities significantly increased by **723.17%** year-on-year, primarily due to proceeds from private placement A-share stock issuance received during the period[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=Item%20II.%20Shareholder%20Information) This section details the company's shareholder structure, including the total number of shareholders, top ten shareholders' holdings, and changes in restricted shares [Shareholding Status of Shareholders](index=4&type=section&id=Item%20%28I%29.%20Total%20Common%20Shareholders%2C%20Voting%20Preferred%20Shareholders%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of the report period end, the company had **19,511** common shareholders; the controlling shareholders and actual controllers, the Lin family siblings, hold a significant combined stake, with some top ten shareholders having pledged shares - Total common shareholders at the end of the reporting period were **19,511**[11](index=11&type=chunk) - The company's controlling shareholders and actual controllers, Lin Dayao, Lin Dazhou, Lin Caihong, and Lin Daquan, are siblings; Lin Dayao is the largest shareholder, holding **19.28%** of shares[11](index=11&type=chunk)[12](index=12&type=chunk) - The largest shareholder, Lin Dayao, pledged **30,000,000** shares, and the second largest shareholder, Lin Dazhou, pledged **21,429,991** shares[11](index=11&type=chunk) [Changes in Restricted Shares](index=5&type=section&id=Item%20%28III%29.%20Changes%20in%20Restricted%20Shares) During the reporting period, the total number of restricted shares remained unchanged at **173,618,492**, primarily consisting of executive lock-up shares and private placement shares, with the latter expected to be unrestricted on October 26, 2022 - During the reporting period, the company's restricted share count remained unchanged, with a total of **173,618,492** restricted shares at period-end[14](index=14&type=chunk)[15](index=15&type=chunk) - Restricted shares primarily consist of two parts: executive lock-up shares held by actual controllers Lin Dayao, Lin Dazhou, and Lin Daquan; and private placement restricted shares involving multiple investment institutions such as Hainan Wenqin Private Equity and Nord Fund[14](index=14&type=chunk)[15](index=15&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's consolidated quarterly financial statements, including the balance sheet, income statement, and cash flow statement, for the reporting period [Consolidated Balance Sheet](index=6&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets reached **RMB 1.20 billion**, up **57.29%** from year-start, and equity attributable to parent company owners grew **110.84%** to **RMB 757 million**, primarily due to private placement proceeds Consolidated Balance Sheet | Key Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 1,202,568,985.52 | 764,534,399.45 | 57.29% | | Total Liabilities | 419,825,757.24 | 380,065,476.12 | 10.46% | | Total Equity Attributable to Parent Company Owners | 756,512,433.48 | 358,808,701.75 | 110.84% | [Consolidated Income Statement (Year-to-Date)](index=8&type=section&id=2.%20Consolidated%20Income%20Statement%20%28Year-to-Date%29) In the first three quarters of 2022, total operating revenue reached **RMB 401 million**, a **75.89%** year-on-year increase, leading to a narrowed net loss of **RMB 10.49 million** and attributable net loss of **RMB 11.51 million** Consolidated Income Statement (Year-to-Date) | Key Item | Current Period Amount (2022 Q1-Q3) | Prior Period Amount (2021 Q1-Q3) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 400,692,628.94 | 227,808,210.67 | 75.89% | | Operating Profit | -8,145,793.89 | -47,690,005.60 | 82.92% (Loss Narrowed) | | Total Profit | -13,519,363.69 | -48,866,526.84 | 72.33% (Loss Narrowed) | | Net Profit | -10,494,518.89 | -36,788,404.11 | 71.47% (Loss Narrowed) | | Net Profit Attributable to Parent Company Shareholders | -11,506,092.11 | -36,240,407.11 | 68.25% (Loss Narrowed) | [Consolidated Cash Flow Statement (Year-to-Date)](index=10&type=section&id=3.%20Consolidated%20Cash%20Flow%20Statement%20%28Year-to-Date%29) In the first three quarters of 2022, net cash flow from operating activities was **-RMB 151 million** due to reduced receivables, investing activities used **RMB 150 million** for wealth management and projects, while financing activities generated **RMB 376 million** from private placement, resulting in a **RMB 75.21 million** net increase in cash Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (2022 Q1-Q3) | Prior Period Amount (2021 Q1-Q3) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -150,761,090.75 | 26,899,695.56 | | Net Cash Flow from Investing Activities | -149,687,492.41 | -11,978,225.12 | | Net Cash Flow from Financing Activities | 375,609,464.25 | -60,273,805.74 | | Net Increase in Cash and Cash Equivalents | 75,205,842.59 | -45,399,149.05 |

Financial Performance - The company's operating revenue for the first half of 2022 was ¥220,742,886.41, representing a 32.12% increase compared to ¥167,076,735.71 in the same period last year[18]. - The net loss attributable to shareholders was ¥8,373,139.48, a slight improvement of 5.81% from a loss of ¥8,889,690.38 in the previous year[18]. - The net cash flow from operating activities was negative at ¥125,620,105.74, a significant decline of 930.05% compared to a positive cash flow of ¥15,134,102.21 in the same period last year[18]. - Total assets increased by 51.56% to ¥1,158,716,839.47 from ¥764,534,399.45 at the end of the previous year[18]. - The net assets attributable to shareholders rose by 111.90% to ¥760,317,253.24 from ¥358,808,701.75 at the end of the previous year[18]. - Basic and diluted earnings per share were both reported at -¥0.0236, an improvement of 12.59% from -¥0.0270 in the same period last year[18]. - The company's main business revenue for the first half of 2022 was CNY 203.55 million, a decrease from CNY 330.97 million in 2021, with a significant drop in direct store sales contributing to this decline[49]. - The revenue from the self-owned channel (group purchases) accounted for 61.95% of total sales in the first half of 2022, indicating a strong reliance on this sales channel[49]. - The gross profit margin for leather and footwear products was reported at 21.57%, with a slight increase of 0.20% year-on-year[71]. - The company reported a significant decrease in financial expenses by 32.96%, amounting to ¥4,664,368.66, attributed to reduced borrowing costs and increased interest income[68]. Market Strategy and Operations - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[3]. - The company operates in the leather goods industry, focusing on the research, design, production, and sales of leather products, with a significant presence in ODM for international brands[26]. - The company has established a multi-brand strategy with three proprietary brands: "Wanlima," "Saint Jack," and "COOME," catering to different market segments and consumer preferences[30]. - The company’s sales strategy includes direct sales, e-commerce, and agency channels, targeting both group purchasing and fashion consumer segments[31]. - The company aims to strengthen partnerships with renowned international brands to expand its market presence and product range[30]. - The company has established five main sales channels: group purchasing, direct sales, e-commerce, wholesale agents, and ODM, driving steady revenue growth[38]. - The company has invested 2.55 million yuan to establish a subsidiary, Hangzhou Yudao Technology Co., Ltd., to expand its e-commerce business and enhance cross-border e-commerce operations[44]. - The e-commerce department operates independently, focusing on online sales through platforms like Taobao, Tmall, JD.com, and Vipshop, leveraging the rapid growth of e-commerce[42]. - The company plans to continue expanding its sales network while avoiding market cannibalization among its direct and agent stores[45]. - The company is focusing on improving the operational efficiency of its direct sales channels due to rising rental and operational costs[47]. Product Development and Innovation - The company has a strong focus on developing customized products for group purchasing clients, particularly in specialized military and protective gear[40]. - The company aims to leverage its strengths in design, development, and production to enhance its competitive position in the market[38]. - The company is focusing on product innovation, particularly in the outdoor and sports categories, to capture a larger market share[81]. - The company has a robust R&D design capability, collaborating with international design teams to stay aligned with fashion trends and enhance product offerings[62]. - Research and development investment increased by 7.62% to ¥11,633,847.01, indicating a commitment to innovation and product development[68]. Financial Management and Investments - The company plans to use up to CNY 30,000 million of idle raised funds temporarily to supplement working capital[95]. - The total amount of raised funds is CNY 58,338.55 million, with CNY 2,692.64 million invested during the reporting period[91]. - The cumulative amount of raised funds invested to date is CNY 3,088.56 million, with no changes in the use of raised funds reported[91]. - The company has ongoing partnerships with various brands, focusing on expanding its product offerings in the skincare and fashion sectors[83]. - The company has committed to a stable profit distribution policy, emphasizing reasonable returns for investors while ensuring sustainable development[138]. Environmental and Social Responsibility - The company has implemented effective measures for waste gas, wastewater, and noise management during production, passing environmental inspections[132]. - There were no administrative penalties due to environmental issues during the reporting period, and the company upgraded equipment to achieve standard emissions[133]. - The company has gradually increased the proportion of biodegradable materials in sole materials to reduce environmental pollution[133]. - The company donated 1 million yuan to the Sichuan earthquake relief in 2008 and 200,000 yuan to the Dongguan Red Cross in 2017, demonstrating its commitment to social responsibility[135]. - During the COVID-19 pandemic, the company donated protective masks and disinfectants to various public safety departments[135]. Shareholder and Governance Matters - The company plans to issue shares and list on the ChiNext board, with commitments to long-term shareholding and compliance with relevant regulations[138]. - The profit distribution policy will take effect following the public offering and listing of shares[138]. - The company will ensure that the cash balance is sufficient for proposed cash dividends[139]. - The company will notify and announce any intended share reductions three trading days in advance[138]. - The company will strictly adhere to the regulations regarding the declaration of shareholding changes by its directors and senior management[138]. Legal and Compliance Issues - The company faced a lawsuit regarding the alleged infringement of a well-known product name, with a claim amounting to 50 million yuan[149]. - Other ongoing litigation cases during the reporting period involved amounts totaling 864.17 thousand yuan[150]. - The company did not engage in any significant related party transactions during the reporting period[151]. - There were no asset or equity acquisitions or sales involving related party transactions during the reporting period[152].

Financial Performance - The company's operating revenue for Q1 2022 was ¥121,806,872.85, representing a 17.01% increase compared to ¥104,097,960.63 in the same period last year[3] - The net profit attributable to shareholders decreased by 49.98% to ¥1,649,975.65 from ¥3,298,899.46 year-on-year[3] - The company reported a net loss of CNY 192,398,205.42, slightly improved from a loss of CNY 194,048,181.07 in the previous year[15] - The total profit for Q1 2022 was CNY 2,848,106.93, down 39.5% from CNY 4,706,965.26 in the same period last year[18] - Operating profit for Q1 2022 was CNY 2,558,367.47, a decline of 45.4% from CNY 4,687,676.05 in Q1 2021[18] - The company reported a total comprehensive income of CNY 2,601,077.99 for Q1 2022, down 22.5% from CNY 3,357,956.05 in the previous year[19] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.005, compared to CNY 0.01 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥11,895,768.07, a decline of 140.76% compared to ¥29,188,456.56 in the previous year[7] - The cash flow from operating activities showed a net outflow of CNY 11,895,768.07, compared to a net inflow of CNY 29,188,456.56 in Q1 2021[21] - Cash and cash equivalents at the end of the quarter were CNY 430,356,122.90, a substantial increase from CNY 35,906,965.42 at the beginning of the year[12] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 428,826,133.82, an increase from CNY 70,710,329.37 at the end of Q1 2021[22] - The total cash inflow from financing activities in Q1 2022 was CNY 510,527,103.29, significantly higher than CNY 61,000,000.00 in Q1 2021[22] Assets and Liabilities - Total assets increased by 60.73% to ¥1,228,815,850.22 from ¥764,534,399.45 at the end of the previous year[3] - Total current assets increased to CNY 966,119,354.97 from CNY 497,030,709.87 at the beginning of the year, representing a growth of 94.4%[13] - Total liabilities rose to CNY 840,345,348.90, compared to CNY 380,065,476.12 at the start of the year, indicating a significant increase of 109.9%[14] - The company's total liabilities increased significantly, with other payables rising by 3284.35% to ¥454,613,301.77 due to funds raised from issuing A-shares[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,163[9] Government Support - The company received government subsidies amounting to ¥140,784.29 during the reporting period[5] Revenue and Costs - Total operating costs for the first quarter amounted to CNY 121,120,449.11, up 18.4% from CNY 102,267,235.30 in the same period last year[17] - Gross profit for the first quarter was CNY 686,423.74, reflecting a decrease from the previous year's gross profit margin[17] - The company experienced a decrease in sales revenue, with cash received from sales of goods and services at CNY 54,121,180.04, down from CNY 154,467,889.69 in Q1 2021[20]