编号：2023-001 证券代码：300640 证券简称：德艺文创 德艺文化创意集团股份有限公司 投资者关系活动记录表 | 投资者关系活动 | □ 特定对象调研 □ 分析师会议 | | | | | | □ | 媒体采访 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 类别 | √ 业绩说明会 □ 新闻发布会 | | | | | | □ | 路演活动 | | | □ 现场参观 □ ） | | | | 其他 | （ | | | | 参与单位名称及 | 投资者网上提问 | | | | | | | | | 人员姓名 | | | | | | | | | | 时间 | 2023 年 5 月 15 (周一) 16:00~17:30 | | | 日 | | | | | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | | | | | | | 采用网络远程的方式召开业绩说明会 | | | | | | | | | 上市公司接待人 | 董事长兼总经理吴体芳先生、独立董事刘琨先生、财务总监谢欣 | | | ...

证券代码：300640 证券简称：德艺文创 公告编号：2023-049 德艺文化创意集团股份有限公司 关于召开 2022 年度网上业绩说明会暨参加 2023 年福 建辖区上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，德艺文化创意集团股份有限 公司（以下简称"公司"）拟于 2023 年 5 月 15 日（星期一）下午召 开 2022 年度网上业绩说明会，暨参加由福建证监局、福建省上市公 司协会与深圳市全景网络有限公司联合举办的"2023 年福建辖区上 市公司投资者网上集体接待日活动"（以下简称"本次活动"）。现 将相关事项公告如下： 一、本次活动相关安排 1、召开时间：2023 年 5 月 15 日（星期一）16:00-17:30 2、召开方式：网络远程 3 、参与方式： 投 资 者 可 登 录 " 全 景 路 演 " 网 站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全 景路演 APP，参与本次互动交流。 4、参会人员：公司董事长兼总经理吴体芳先生、独立 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥178,363,906.21, a decrease of 20.08% compared to ¥223,171,553.55 in the same period last year[5] - Net profit attributable to shareholders was ¥7,048,567.54, down 14.71% from ¥8,264,258.23 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,305,911.93, a significant decline of 82.41% compared to ¥7,425,700.91 in the previous year[5] - Basic and diluted earnings per share were both ¥0.0226, down 21.53% from ¥0.0288 in the previous year[5] - Total operating revenue for Q1 2023 was ¥178,363,906.21, a decrease of 20.1% compared to ¥223,171,553.55 in the same period last year[23] - Net profit for Q1 2023 was ¥7,048,567.54, a decline of 14.7% from ¥8,264,258.23 in Q1 2022[25] Cash Flow and Assets - The company's cash flow from operating activities was ¥21,764,400.56, a decrease of 19.15% from ¥26,919,487.00 in the same period last year[5] - The company reported a decrease in cash and cash equivalents to ¥175,939,209.55 from ¥372,582,500.08, a decline of 52.8%[20] - Total cash inflow from operating activities was 233,604,256.52 yuan, compared to 260,559,321.72 yuan in the previous period, a decline of about 10.3%[26] - Net cash flow from operating activities was 21,764,400.56 yuan, down from 26,919,487.00 yuan, indicating a decrease of approximately 19.2%[26] - The ending balance of cash and cash equivalents was 175,939,209.55 yuan, significantly up from 43,417,896.93 yuan in the previous period, an increase of approximately 304.5%[28] - The company’s total cash and cash equivalents at the beginning of the period were 372,582,500.08 yuan, compared to 172,929,755.78 yuan in the previous period, an increase of approximately 115.5%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,534[13] - The largest shareholder, Wu Tifang, holds 36.31% of the shares, amounting to 113,440,509 shares, with 85,080,382 shares under lock-up[13] - The second-largest shareholder, Chen Lan, holds 3.81% of the shares, totaling 11,900,000 shares, all of which are pledged[13] - The company has a total of 28,360,127 unrestricted shares held by Wu Tifang, representing a significant portion of the total shares[14] - The report indicates that 85,080,382 shares held by Wu Tifang remain under lock-up due to management restrictions[16] - The company has seen a reduction in restricted shares for Wu Lilping, from 4,480,312 to 3,360,750 shares, following the release of 1,119,562 shares[16] Government Subsidies and Expenses - The company received government subsidies amounting to ¥2,069,701.71, an increase of 109.13% compared to the previous year[10] - Cash received from other operating activities surged by 1415.47% to ¥26,781,033.39, mainly due to increased government subsidies and performance guarantees[11] - Management expenses increased by 33.01% to ¥9,521,166.90, primarily due to higher fixed asset depreciation[10] - Research and development expenses increased to ¥7,370,402.19 in Q1 2023, up 28.5% from ¥5,734,363.06 in the previous year[23] - The company’s financial expenses rose to ¥3,274,631.73 in Q1 2023, compared to ¥1,337,775.91 in the same period last year, indicating a significant increase of 144.5%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,072,123,286.56, a decrease of 2.11% from ¥1,095,184,854.60 at the end of the previous year[5] - Current assets totaled ¥524,022,951.55 at the end of Q1 2023, down 6.1% from ¥558,014,874.66 at the start of the year[20] - The company’s total liabilities decreased to ¥237,001,771.30 from ¥267,111,906.88, a reduction of 11.3%[22] - The equity attributable to the parent company increased slightly to ¥835,121,515.26 from ¥828,072,947.72, an increase of 0.4%[22] Share Issuance and Market Activity - The report highlights that 2,020,202 shares held by Yu Jinxian were released from lock-up on January 20, 2023, as part of a specific issuance[17] - The company has engaged in a simplified procedure for issuing shares to specific investors, with multiple shareholders having their shares released on January 20, 2023[17] - The report does not indicate any new product launches or technological advancements during the quarter[18] - There is no mention of market expansion or mergers and acquisitions in the current report[18]

Financial Performance - The company's operating revenue for 2022 was ¥837,702,324, representing a 3.84% increase compared to ¥806,701,210.95 in 2021[17]. - The net profit attributable to shareholders for 2022 was ¥50,202,548.37, a significant increase of 141.60% from ¥20,779,016.13 in 2021[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥43,414,035.27, up 251.12% from ¥12,364,303.93 in 2021[17]. - The net cash flow from operating activities reached ¥227,819,787.75, a remarkable increase of 603.21% compared to -¥45,273,174.69 in 2021[17]. - The total assets at the end of 2022 amounted to ¥1,095,184,854.60, reflecting a 31.04% increase from ¥835,782,014.76 at the end of 2021[17]. - The net assets attributable to shareholders increased by 22.54% to ¥828,072,947.72 at the end of 2022, compared to ¥675,747,472.26 at the end of 2021[17]. - The basic earnings per share for 2022 were ¥0.1690, an increase of 118.63% from ¥0.0773 in 2021[17]. - The weighted average return on net assets was 7.18% for 2022, up from 3.56% in 2021, indicating improved profitability[17]. Market Trends and Industry Insights - The cultural and creative industry, which the company operates in, is experiencing rapid growth, with its added value increasing as a proportion of GDP in recent years[29]. - The creative home goods industry in China is experiencing rapid growth, becoming a significant part of the national economic transformation and a new growth point for the economy[34]. - The industry is shifting from traditional manufacturing to modern innovation, with a focus on personalized consumer demands and cultural attributes[34]. - Continuous innovation and design are identified as the core competitive advantages for companies in the creative home goods sector[34]. - The increasing consumer spending power provides a broad market space for the creative home goods industry, with a shift towards high-frequency consumption[49]. - The demand for creative home goods is expected to grow due to urbanization and changing consumer preferences towards stylish and personalized products[50]. - International demand for Chinese cultural products is likely to accelerate the internationalization of the creative home goods industry[51]. - China's rich cultural resources continuously provide creative inspiration for the development of the creative home goods industry[52]. Strategic Initiatives and Future Plans - The company is focusing on expanding its market presence and enhancing its product offerings in the cultural creative sector, which is expected to drive future growth[30]. - The company has emphasized the importance of digital transformation and innovation in its strategy to enhance competitiveness in the cultural industry[31]. - The company plans to leverage the "Belt and Road" initiative to enhance cultural exchanges and trade with participating countries[44]. - The company aims to enhance its cultural branding and develop unique cultural products that reflect Chinese heritage for international markets[44]. - The company plans to raise CNY 126.32 million through a simplified procedure for issuing shares to specific objects, with funds allocated for digital display center and smart retail terminal projects[92]. - The company aims to expand its domestic market presence by leveraging e-commerce platforms and participating in offline exhibitions[69]. - The company plans to enhance its R&D capabilities and focus on expanding e-commerce channels while increasing domestic market development efforts[70]. - The company aims to strengthen its research and development capabilities to support future growth and innovation[147]. Risk Management and Challenges - The company has highlighted potential risks in its future operations, which investors should be aware of[4]. - The company faces risks related to maintaining continuous R&D capabilities, as the creative home products market requires constant innovation to meet diverse consumer demands[167]. - The company is also exposed to risks from high dependence on overseas markets, which could impact sales growth due to global economic uncertainties[168]. - Rising procurement costs due to fluctuations in raw material prices and labor costs could adversely affect the company's operating performance and profitability[171]. - The company’s foreign sales revenue is significantly impacted by USD to RMB exchange rate fluctuations, which may affect pricing advantages in overseas markets[172]. Corporate Governance and Compliance - The company has established a modern corporate governance structure, ensuring compliance with relevant laws and regulations[176]. - The board of directors consists of 7 members, including 4 independent directors, ensuring a balanced decision-making process[178]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, and assets[182]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with investors[181]. - The company has established an independent financial accounting system and can make independent financial decisions, ensuring compliance with financial accounting standards[186]. Innovation and Technology - The company is committed to embracing new technologies such as VR, AR, and AI to enhance product design and sales capabilities, aiming for high-level digital operations[165]. - The company is leveraging advanced digital technologies such as AI and big data to create a digital sample display space, enhancing operational efficiency[93]. - The company aims to enhance customer engagement through new marketing initiatives, expecting a 20% increase in customer retention rates[198]. - The company recognizes the importance of digitalization in driving the transformation and upgrading of the cultural industry[155]. Sales and Marketing Strategies - The company is focusing on promoting IP derivative products through emerging marketing methods like live streaming and short videos[70]. - The company has established multiple brand stores on major e-commerce platforms like Tmall and JD.com, meeting current operational needs without the need for a self-built platform[147]. - The company aims to strengthen its talent pool by recruiting design innovation and market expansion talents, while also enhancing internal training programs[162]. - The company will implement refined management practices to improve operational efficiency and ensure smooth business operations[166].

Major Financial Data [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first three quarters of 2022, the company's operating revenue increased by **13.35%** year-on-year, and net profit attributable to shareholders grew significantly by **130.03%**, with total assets increasing by **28.28%** from the beginning of the year, despite a **9.43%** year-on-year decline in Q3 single-quarter revenue, net profit for the period achieved a remarkable **224.77%** growth Key Accounting Data and Financial Indicators (Year-to-Date) | Indicator | Year-to-Date (2022 Q1-Q3) (CNY) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 666,036,941.93 | 13.35% | | Net Profit Attributable to Parent Company Shareholders | 43,349,926.85 | 130.03% | | Net Cash Flow from Operating Activities | 128,865,199.69 | 445.26% | | Basic Earnings Per Share (CNY/share) | 0.1495 | 101.48% | | Total Assets | 1,072,150,200.13 | 28.28% (vs. beginning of year) | | Equity Attributable to Parent Company Shareholders | 821,220,326.20 | 21.53% (vs. beginning of year) | Key Accounting Data and Financial Indicators (2022 Q3) | Indicator | Current Period (2022 Q3) (CNY) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 211,026,488.28 | -9.43% | | Net Profit Attributable to Parent Company Shareholders | 22,200,280.90 | 224.77% | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) From the beginning of the year to the end of the reporting period, the company's total non-recurring gains and losses amounted to **2.059 million CNY**, primarily from government grants (**2.701 million CNY**) and non-current asset disposal gains (**0.335 million CNY**), partially offset by fair value change losses and other non-operating expenses Non-recurring Gains and Losses (Year-to-Date) | Item | Amount Year-to-Date (CNY) | Notes | | :--- | :--- | :--- | | Government grants included in current profit/loss | 2,700,647.31 | Main component | | Gains/losses from disposal of non-current assets | 334,640.88 | - | | Gains/losses from fair value changes | 113,722.00 | - | | Other non-operating income and expenses | -572,955.64 | - | | **Total** | **2,058,983.95** | - | [Analysis of Significant Changes in Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, the company experienced significant changes in multiple financial indicators, with substantial increases in construction in progress and financial assets held for trading on the asset side, and over **50%** growth in short-term borrowings, taxes payable, and other payables on the liability side; profit statement items showed a significant decrease in financial expenses due to exchange gains, while credit impairment losses and non-operating expenses increased, leading to over **130%** growth in both operating profit and net profit - Balance sheet items showed significant changes, primarily due to: - **Financial assets held for trading**: Increased by **125 million CNY** (**+100%**), attributed to the purchase of short-term low-risk wealth management products[9](index=9&type=chunk) - **Construction in progress**: Increased by **110 million CNY** (**+57.13%**), due to increased investment in ongoing projects[9](index=9&type=chunk) - **Short-term borrowings**: Increased by **40.17 million CNY** (**+57.33%**), due to new short-term borrowings[9](index=9&type=chunk) - **Taxes payable**: Increased by **3.65 million CNY** (**+479.54%**), due to increased tax accruals[9](index=9&type=chunk) - **Other payables**: Increased by **40.53 million CNY** (**+529.14%**), due to new performance guarantee contracts[9](index=9&type=chunk) - Income statement items showed significant changes, primarily due to: - **Financial expenses**: Decreased by **22.65 million CNY** (**-538.06%**), mainly due to increased exchange gains[10](index=10&type=chunk) - **Credit impairment losses**: Increased by **3.27 million CNY** (**+611.02%**), mainly due to increased provision for impairment of accounts receivable[10](index=10&type=chunk) - **Operating profit**: Increased by **150.93%**, primarily due to business scale expansion and increased exchange gains[10](index=10&type=chunk) - **Net profit**: Increased by **130.03%**, consistent with the reasons for operating profit growth[10](index=10&type=chunk) - Cash flow statement items showed significant changes, primarily due to: - **Net cash flow from operating activities**: Increased by **166 million CNY** (**+445.26%**), mainly due to business scale expansion, increased collections, and new performance deposits[10](index=10&type=chunk)[11](index=11&type=chunk) - **Cash received from capital contributions**: Decreased by **152 million CNY** (**-53.74%**), as share issuance proceeds in the current period were less than the prior period[10](index=10&type=chunk)[11](index=11&type=chunk) - **Cash paid for other financing activities**: Increased by **16.74 million CNY** (**+490.91%**), mainly due to share repurchases in the current period[10](index=10&type=chunk)[11](index=11&type=chunk) Shareholder Information [Shareholder Equity Holdings](index=5&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had **11,654** common shareholders, with controlling shareholder Wu Tifang holding **36.31%** and acting in concert with Xu Meizhen (**2.59%** stake); among the top ten shareholders, some shares held by Wu Tifang, Chen Lan, and Wu Liping were pledged - The total number of common shareholders at the end of the reporting period was **11,654**[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Shares Held | Pledged Shares | | :--- | :--- | :--- | :--- | :--- | | Wu Tifang | Domestic Individual | 36.31% | 113,440,509 | 47,550,000 | | Chen Lan | Domestic Individual | 3.81% | 11,900,000 | 11,900,000 | | Xu Meizhen | Domestic Individual | 2.59% | 8,100,000 | 0 | | Wu Liping | Domestic Individual | 1.91% | 5,973,750 | 4,731,000 | | Li Jianfeng | Domestic Individual | 1.61% | 5,041,304 | 0 | - Shareholder Wu Tifang and Xu Meizhen are parties acting in concert[13](index=13&type=chunk) [Changes in Restricted Shares](index=6&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) At the end of the reporting period, the company's total restricted shares increased to **120,336,012**, a rise of **27,087,373** shares from the beginning of the period, primarily due to shares issued to specific investors through a simplified procedure, with the lock-up period for these new shares ending on **January 20, 2023** Restricted Shares Movement | Change Description | Number of Shares (shares) | | :--- | :--- | | Restricted Shares at Beginning of Period | 93,248,639 | | Restricted Shares Increased This Period | 27,087,373 | | Restricted Shares at End of Period | 120,336,012 | - The increase in restricted shares this period primarily resulted from executive lock-up shares and participation in a private placement to specific investors, with shares obtained through the simplified private placement procedure scheduled for release on **January 20, 2023**[14](index=14&type=chunk)[15](index=15&type=chunk)[16](index=16&type=chunk) Other Significant Matters [Business Operations Review](index=12&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) In the first three quarters of 2022, the company achieved operating revenue of **666.04 million CNY**, a **13.35%** year-on-year increase, and net profit attributable to shareholders reached **43.35 million CNY**, up **130.03%**, primarily due to increased exchange gains from USD appreciation, while actively expanding IP operations and cross-border e-commerce businesses and promoting digital transformation - In the first three quarters of 2022, the company achieved operating revenue of **666.0369 million CNY**, a year-on-year increase of **13.35%**[21](index=21&type=chunk) - Net profit attributable to parent company shareholders reached **43.3499 million CNY**, a year-on-year increase of **130.03%**, primarily due to a larger proportion of overseas revenue and increased exchange gains from USD appreciation compared to the same period last year[21](index=21&type=chunk) - The company's strategic priorities include strengthening R&D and design, consolidating relationships with European and American clients, intensifying efforts in IP operations and cross-border e-commerce business expansion, and promoting digital transformation[21](index=21&type=chunk) [Private Placement](index=12&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) In July 2022, the company completed a simplified private placement, raising approximately **134.08 million CNY** in gross proceeds and **126.32 million CNY** net, allocated for a digital exhibition center, smart retail terminal projects, and working capital, increasing the total share capital to **312.45 million** shares post-issuance - The company completed a simplified private placement to specific investors, receiving registration approval from the China Securities Regulatory Commission on **July 2, 2022**[22](index=22&type=chunk) - The total proceeds from this issuance were **134,082,496.35 CNY**, with net proceeds of **126,323,059.31 CNY**, which will be used for a digital exhibition center and smart retail terminal construction projects, as well as to supplement working capital[22](index=22&type=chunk) - The issuance added **27,087,373** shares, which were listed on **July 20, 2022**, with a lock-up period of six months, changing the company's total share capital from **285,365,054** shares to **312,452,427** shares[22](index=22&type=chunk) Quarterly Financial Statements [Consolidated Balance Sheet](index=13&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of **September 30, 2022**, the company's total assets were **1.072 billion CNY**, up **28.28%** from the beginning of the year, total liabilities were **251 million CNY**, up **56.80%**, and equity attributable to parent company shareholders was **821 million CNY**, up **21.53%**, with asset growth primarily driven by construction in progress and new financial assets held for trading, and liability growth mainly from increased short-term borrowings Consolidated Balance Sheet | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | | :--- | :--- | :--- | | **Total Assets** | **1,072,150,200.13** | **835,782,014.76** | | Total Current Assets | 554,194,740.22 | 420,814,620.37 | | Total Non-current Assets | 517,955,459.91 | 414,967,394.39 | | **Total Liabilities** | **250,929,873.93** | **160,034,542.50** | | Total Current Liabilities | 244,424,276.14 | 153,169,187.46 | | Total Non-current Liabilities | 6,505,597.79 | 6,865,355.04 | | **Total Equity** | **821,220,326.20** | **675,747,472.26** | | Total Equity Attributable to Parent Company Shareholders | 821,220,326.20 | 675,747,472.26 | [Consolidated Income Statement (Year-to-Date)](index=16&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2022, the company achieved total operating revenue of **666.04 million CNY**, a **13.35%** year-on-year increase, with operating profit reaching **51.09 million CNY**, up **150.93%**, and net profit at **43.35 million CNY**, up **130.03%**, primarily driven by expanded business scale and significant exchange gains Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 666,036,941.93 | 587,580,002.09 | | II. Total Operating Costs | 614,310,466.28 | 572,550,974.15 | | Including: Financial Expenses | -18,441,332.46 | 4,209,770.82 | | III. Operating Profit | 51,093,616.15 | 20,361,591.90 | | IV. Total Profit | 50,520,660.51 | 20,471,409.99 | | V. Net Profit | 43,349,926.85 | 18,844,949.95 | | Net Profit Attributable to Parent Company Shareholders | 43,349,926.85 | 18,844,949.95 | | VIII. Basic Earnings Per Share | 0.1495 | 0.0742 | [Consolidated Cash Flow Statement (Year-to-Date)](index=18&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2022, the company's net cash flow from operating activities was **129 million CNY**, significantly improving from negative to positive year-on-year; net cash outflow from investing activities was **235 million CNY**, mainly for acquiring long-term assets and wealth management products; net cash inflow from financing activities was **134 million CNY**, primarily from capital contributions and new borrowings, with cash and cash equivalents balance at **202 million CNY** at period-end Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 128,865,199.69 | -37,324,578.94 | | Net Cash Flow from Investing Activities | -234,924,028.27 | -222,887,208.29 | | Net Cash Flow from Financing Activities | 133,830,813.99 | 241,250,482.43 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 1,133,087.42 | -257,522.90 | | Net Increase in Cash and Cash Equivalents | 28,905,072.83 | -19,218,827.70 | | Cash and Cash Equivalents at End of Period | 201,834,828.61 | 37,298,265.04 |

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 455,010,453.65, representing a 28.32% increase compared to RMB 354,584,341.49 in the same period last year[20]. - Net profit attributable to shareholders was RMB 21,149,645.95, a significant increase of 76.11% from RMB 12,009,353.05 year-on-year[20]. - The net cash flow from operating activities reached RMB 120,935,610.45, a remarkable increase of 638.94% compared to a negative cash flow of RMB 22,439,736.13 in the previous year[20]. - The basic earnings per share rose to RMB 0.0739, marking a 46.05% increase from RMB 0.0506 in the same period last year[20]. - Total assets at the end of the reporting period were RMB 915,736,069.57, reflecting a 9.57% increase from RMB 835,782,014.76 at the end of the previous year[20]. - The company's net assets attributable to shareholders decreased slightly by 0.45%, from RMB 675,747,472.26 to RMB 672,696,985.99[20]. - The company reported a 100.21% increase in net profit after deducting non-recurring gains and losses, reaching RMB 18,890,990.32 compared to RMB 9,435,794.79 in the previous year[20]. - The weighted average return on net assets was 3.11%, up from 2.80% in the same period last year[20]. Research and Development - The company has established a "De Yi R&D Creative Center" and has been awarded the title of "National Industrial Design Center" by the Ministry of Industry and Information Technology[44]. - The company emphasizes R&D innovation, with over 100 intellectual property rights obtained to date[44]. - Research and development expenses rose by 32.18% to ¥11,843,626.01, indicating a commitment to enhancing product innovation[53]. - The company plans to enhance its R&D capabilities and expand e-commerce channels while increasing domestic market development efforts[32]. - The company collaborates with educational institutions for talent development and R&D, ensuring a continuous flow of innovative product designs[44]. Market Strategy and Sales - The company has a high proportion of overseas sales, having established a complete overseas marketing channel covering over 100 countries across five continents[32]. - The company exports over 90% of its products to more than 100 countries across five continents, establishing itself as a leading supplier in the creative home goods sector in China[41]. - The company aims to leverage new marketing methods such as live streaming and short videos to promote and sell IP derivative products[32]. - The company intends to deploy smart retail terminals in major urban areas to sell directly to end consumers, indicating a shift in sales strategy[32]. - The company is focusing on expanding its export sales revenue, which has maintained stable growth, while not developing the import market at this stage[74]. - The company has shifted its sales strategy to increase online sales through e-commerce platforms, reducing the proportion of sales from physical stores[74]. Financial Management - The company has a total of CNY 19,402,483.28 in assets under collateral due to borrowing guarantees[64]. - The company has secured a total credit facility of up to 99 million RMB from various banks, backed by guarantees from its controlling shareholder[128]. - The company has a total of 22 million RMB in entrusted financial management, with 9.5 million RMB currently outstanding[81]. - The company has not reported any overdue amounts or impairment losses related to entrusted financial management products, indicating a stable financial position[81]. - The company has not engaged in derivative investments during the reporting period, indicating a conservative approach to financial management[81]. Shareholder and Equity Information - The company has decided not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company has established a transparent profit distribution plan, ensuring the protection of shareholders' rights[109]. - The company’s stock repurchase plan was completed within the stipulated timeframe and in compliance with relevant laws and regulations[139]. - The total number of ordinary shareholders at the end of the reporting period was 12,893[151]. - The largest shareholder, Wu Tifang, holds 39.75% of the shares, totaling 113,440,509 shares, with 47,550,000 shares pledged[151]. Operational Efficiency - The company has a robust supply chain management system that integrates design, production, and logistics, enhancing operational efficiency[50]. - The company has strengthened its supply chain management system, enhancing its responsiveness and operational efficiency, which helps in reducing operational costs[74]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and revenue generation capabilities[181]. Legal and Compliance - The company has not encountered any legal violations in the management and use of the raised funds[70]. - The company has not experienced any major litigation or arbitration matters during the reporting period[118]. - The company has not engaged in any significant related party transactions during the reporting period[121]. Economic Environment and Risks - The company faces risks related to the inability to continuously enhance R&D capabilities, which could impact product gross margins and market share[85]. - The company’s reliance on overseas markets remains high, with foreign sales accounting for a significant portion of revenue, exposing it to international economic and political risks[86]. - The company acknowledges increasing competition in the cultural creative home goods industry, which may lead to declining average profit margins[88]. - The company is exposed to exchange rate fluctuations, particularly with a high proportion of sales in USD while sourcing materials in RMB[90].

Financial Performance - The company's revenue for Q1 2022 was CNY 223,171,553.55, representing a 34.74% increase compared to CNY 165,634,517.73 in the same period last year[3]. - Net profit attributable to shareholders was CNY 8,264,258.23, a slight increase of 0.30% from CNY 8,239,253.44 year-on-year[3]. - The net cash flow from operating activities reached CNY 26,919,487.00, a significant improvement of 424.67% compared to a negative cash flow of CNY -8,291,218.95 in the previous year[3]. - The company reported a basic earnings per share of CNY 0.0288, down 22.79% from CNY 0.0373 in the same period last year[3]. - Operating profit for the first quarter was CNY 8,526,172.62, down from CNY 9,127,018.25, indicating a decrease of about 6.6% year-over-year[24]. - The net profit for the first quarter of 2022 was CNY 8,264,258.23, a slight increase from CNY 8,239,253.44 in the same period last year, representing a growth of approximately 0.3%[24]. - Basic and diluted earnings per share for the first quarter were both CNY 0.0288, down from CNY 0.0373 in the same period last year, representing a decrease of approximately 22.4%[25]. Cash Flow and Investments - Cash received from sales of goods and services was CNY 240,217,459.81, a 58.55% increase from CNY 151,504,901.58 in the previous year[7]. - The total investment cash outflow was CNY 148,249,744.23, compared to CNY 108,805,272.80 in the previous year, indicating an increase of approximately 36.3%[28]. - The company's cash and cash equivalents decreased from RMB 172,929,755.78 at the beginning of the year to RMB 43,417,896.93 by the end of the first quarter[19]. - The company reported a total cash and cash equivalents balance of CNY 43,417,896.93 at the end of the quarter, down from CNY 351,285,121.61 at the end of the previous year[29]. - The company invested CNY 125,000,000.00 in short-term low-risk structured financial products, marking a 1150.00% increase compared to CNY 10,000,000.00 in the previous year[7]. Operating Costs and Expenses - The company expanded its business scale, leading to a 34.66% increase in operating costs to CNY 192,876,487.20[6]. - Total operating costs for the current period were RMB 216,938,627.38, up from RMB 158,209,711.67 in the previous period, indicating an increase of about 37.0%[23]. - Research and development expenses increased by 58.64% to CNY 5,734,363.06, driven by higher labor and material costs[6]. - The company incurred financial expenses of CNY 1,337,775.91, compared to a financial income of CNY -61,073.10 in the previous year, reflecting a significant shift in financial performance[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,614[10]. - The largest shareholder, Wu Tifang, holds 39.75% of shares, amounting to 85,080,382 shares, with 47,550,000 shares pledged[10]. - The top ten shareholders hold a significant portion of shares, with Wu Tifang and Chen Lan being the most prominent[10]. - The shareholder structure indicates potential influence from major shareholders on corporate decisions[10]. Corporate Actions and Future Plans - The company plans to raise a total of 134.08 million RMB through a simplified procedure for issuing shares to specific targets, with net proceeds allocated to digital display center and smart retail terminal projects[14]. - The company has a strategy to enhance liquidity through the issuance of new shares, pending approval from regulatory authorities[14]. - The company approved a share repurchase plan to buy back shares worth between RMB 10 million and 20 million at a maximum price of RMB 8.80 per share, completing the repurchase of 1,459,000 shares, which is 0.51% of the total share capital[16]. - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives, with unutilized shares to be canceled if not used within the legal timeframe[16]. - The total number of restricted shares at the beginning of the period was 99,038,654, with 5,403,015 shares released from restrictions, leaving 93,635,639 restricted shares at the end of the period[13]. - The company has implemented a lock-up period for executives, allowing a maximum of 25% of their shares to be released annually[12].

Financial Performance - The company's operating revenue for 2021 was approximately ¥806.70 million, representing a 43.98% increase compared to ¥560.30 million in 2020[17]. - The net profit attributable to shareholders decreased by 46.73% to ¥20.78 million in 2021 from ¥39.01 million in 2020[17]. - The net cash flow from operating activities was negative at ¥45.27 million, a decline of 216.10% compared to ¥38.99 million in 2020[17]. - Basic earnings per share fell by 56.20% to ¥0.0773 in 2021 from ¥0.1765 in 2020[17]. - Total assets increased by 72.91% to ¥835.78 million at the end of 2021, up from ¥483.35 million at the end of 2020[17]. - The net assets attributable to shareholders rose by 98.71% to ¥675.75 million at the end of 2021, compared to ¥340.06 million at the end of 2020[17]. - The weighted average return on net assets decreased to 3.56% in 2021 from 12.44% in 2020, a drop of 8.88%[17]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a decrease of 47.21% to ¥12.36 million in 2021[17]. Revenue and Profit Trends - Total revenue for the first quarter was approximately CNY 165.63 million, with a peak in the third quarter at CNY 232.99 million, followed by a decline to CNY 219.12 million in the fourth quarter[20]. - Net profit attributable to shareholders was CNY 8.24 million in the first quarter, but dropped to CNY 1.93 million in the fourth quarter, indicating a significant decline in profitability[20]. - The net cash flow from operating activities was negative in three out of four quarters, with the lowest at CNY -59.76 million in the third quarter[20]. - The gross profit margin for the cultural and creative home industry was 12.33%, down 5.61% from the previous year, reflecting increased operational costs[86]. Market and Industry Insights - The cultural and creative industry is identified as a key growth area, with increasing GDP contribution and a focus on high-value-added products[30]. - The overall trend in the cultural creative industry shows a shift towards higher value-added products, with significant growth potential in China[30]. - The creative home products industry in China is transitioning from traditional to modern industries, with a focus on innovation and design to meet changing consumer demands[32]. - The rise of e-commerce has significantly impacted the sales model for creative home products, allowing for rapid growth and adaptation to consumer preferences[35]. - The company emphasizes the importance of integrating cultural attributes into products to achieve high added value, combining aesthetics and emotional elements[33]. Strategic Initiatives and Future Plans - The company plans to distribute a cash dividend of ¥0.50 per 10 shares to all shareholders[4]. - The company aims to enhance brand quality to gain competitive advantages in a market characterized by low entry barriers and high product homogeneity[34]. - The company plans to focus on sustainable development through the integration of e-commerce innovations into its operations[37]. - Future growth is expected as consumer income levels rise and brand consumption concepts become more ingrained in the market[34]. - The company aims to expand its overseas cultural market presence and promote traditional cultural products and digital entertainment globally[40]. Research and Development - The company has developed nearly 10,000 varieties of creative home products across three main categories: creative decorations, leisure daily necessities, and fashionable small furniture[55]. - The company plans to enhance its R&D capabilities, expand marketing channels, and strengthen brand influence to support its growth strategy[135]. - Research and development expenditures have increased by 30% to 150 million yuan, focusing on sustainable materials and production processes[171]. Governance and Management - The company has a robust governance structure, including a board of directors and supervisory board, ensuring independent decision-making and operations[161]. - The company has a high investor participation rate in shareholder meetings, with 51.22% in the first extraordinary general meeting of 2021[163]. - The remuneration decision process involves evaluation by the Compensation and Assessment Committee, followed by board and shareholder approval[177]. Challenges and Risks - The company faces risks related to the inability to continuously enhance R&D capabilities, which could lead to a decline in product gross margin and market share if core design personnel leave or R&D capabilities do not improve[143]. - The company's reliance on overseas markets is significant, with foreign sales accounting for a high proportion of main business revenue, exposing it to risks from global economic uncertainties and potential revenue decline[144]. - Rising procurement costs due to fluctuations in raw material prices and labor costs could adversely affect the company's operating performance and profitability if not managed effectively[147]. Employee and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.882 million yuan[177]. - The company has implemented a competitive salary system and a diverse benefits package to motivate employees[193]. - The company plans to continue developing a multi-level employee training system in 2022[194].

Financial Performance - The company's revenue for Q3 2021 was CNY 232,995,660.60, representing a 30.21% increase year-over-year[3]. - The net profit attributable to shareholders decreased by 44.62% to CNY 6,835,596.90 for the same period[3]. - The net profit after deducting non-recurring gains and losses fell by 54.30% to CNY 5,156,471.29[3]. - Total operating revenue for the first nine months of 2021 reached ¥587.58 million, a 41.30% increase compared to ¥415.83 million in the same period of 2020[7]. - Net profit for the first nine months of 2021 was ¥18.84 million, down 47.29% from ¥35.75 million in 2020, attributed to exchange rate fluctuations and increased operating costs[7]. - The company's net profit for the first three quarters of 2021 was RMB 18.84 million, a decrease of 47.29% year-on-year due to rising operational costs and currency fluctuations[18]. - Net profit for Q3 2021 was ¥18,844,949.95, a decrease of 47.3% from ¥35,750,548.04 in Q3 2020[28]. - Basic and diluted earnings per share decreased by 54.17% to ¥0.0742, driven by reduced net profit and increased share capital[7]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.0742, down from ¥0.1619 in the same quarter last year[29]. Cash Flow and Liquidity - The operating cash flow for the year-to-date period was negative at CNY -37,324,578.94, a decline of 319.34%[3]. - Cash flow from operating activities showed a net outflow of ¥37.32 million, a significant decline from a net inflow of ¥17.02 million in the previous year[8]. - Cash inflow from financing activities surged to ¥369.17 million, a 682.14% increase, mainly due to funds raised from issuing shares to specific investors[8]. - Cash inflow from operating activities totaled approximately $586.53 million, an increase of 32.9% from $440.90 million in the previous period[31]. - Cash outflow from operating activities was approximately $623.85 million, up from $423.88 million, resulting in a net cash flow from operating activities of -$37.32 million, compared to $17.02 million previously[31]. - The net increase in cash and cash equivalents was approximately -$19.22 million, an improvement from -$99.16 million in the previous period[32]. - The ending balance of cash and cash equivalents was approximately $37.30 million, down from $52.83 million in the previous period[32]. Assets and Liabilities - Total assets increased by 67.90% to CNY 811,549,272.32 compared to the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 7,609, with the largest shareholder holding 39.55% of the shares[10]. - The company reported a total debt of ¥811.55 million, with a significant portion attributed to short-term borrowings[7]. - Total liabilities decreased to ¥137,425,104.50 in Q3 2021 from ¥143,285,098.04 in Q3 2020, a reduction of 4.8%[25]. Shareholder Equity and Investments - Shareholders' equity attributable to the parent company rose by 98.23% to CNY 674,124,167.82[3]. - The total equity attributable to shareholders increased to ¥674,124,167.82 in Q3 2021 from ¥340,063,888.73 in Q3 2020, marking a growth of 97.8%[25]. - The company increased its investment in construction projects, leading to a 42.54% rise in construction in progress to CNY 170,843,668.15[6]. - The company purchased land use rights, contributing to a 95.65% increase in other non-current assets to CNY 184,240,702.00[6]. - The company plans to continue investing in land and the development of its cultural and creative industry base, indicating a focus on market expansion and new projects[7]. Research and Development - Research and development expenses rose by 35.80% to ¥13.92 million, reflecting increased investment in R&D[7]. - Research and development expenses for Q3 2021 were ¥13,923,687.27, up 35.5% from ¥10,253,095.44 in Q3 2020, indicating a focus on innovation[27]. Market and Sales Strategy - Revenue from markets along the "Belt and Road" initiative reached RMB 156.07 million, growing by 58.43% compared to the same period last year[18]. - The company continues to expand its sales channels in emerging markets and enhance its marketing strategies through e-commerce and new media[18]. - The company has developed nearly 10,000 product items across three main product series: creative decorative items, leisure daily goods, and fashionable small furniture[17]. - The company plans to develop IP products based on target demographics, including products related to traditional Chinese opera[18]. Shareholder Information - The total number of shares held by major shareholders includes 4,247,104 shares held by Xia Tongshan and 3,861,003 shares held by Ningbo Pengyuan Asset Management Co., Ltd.[11]. - The total number of shares held by the top 10 shareholders participating in margin trading is 7,905,462 shares, with 2,162,162 shares held through a regular securities account and 5,743,300 shares through a credit trading guarantee account.[11]. - Wu Tifang's restricted shares increased from 77,841,000 to 87,493,509 shares, with 9,652,509 shares added during the period.[13]. - The total number of restricted shares held by Wu Liping remains at 5,973,750 shares, with no changes during the period.[13]. - The total number of restricted shares for Wang Bin is 1,021,695 shares, which are subject to a lock-up period due to the 2018 restricted stock incentive plan.[13]. - The company plans to lift restrictions on certain shares according to the 2018 restricted stock incentive plan, with 25% of the shares being released annually during the tenure of the directors and senior management.[14]. - The report indicates that the company has engaged in a specific issuance of shares to certain investors, with the release of restrictions scheduled for October 1, 2022.[13]. - The total number of restricted shares for Ouyang Jun is 1,282,500, with no changes during the period.[14]. - The report highlights that the company is adhering to regulations regarding the release of restricted shares as per the 2018 incentive plan.[14]. - The company has a structured plan for the gradual release of restricted shares, ensuring compliance with relevant regulations and maintaining shareholder confidence.[14].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥354,584,341.49, representing a 49.68% increase compared to ¥236,887,581.27 in the same period last year[21]. - The net profit attributable to shareholders decreased by 48.69% to ¥12,009,353.05 from ¥23,406,526.60 year-on-year[21]. - The net cash flow from operating activities was negative at ¥-22,439,736.13, a decline of 214.88% compared to ¥19,533,620.98 in the previous year[21]. - Basic earnings per share fell by 52.26% to ¥0.0506 from ¥0.1060 in the same period last year[21]. - Total assets increased by 77.15% to ¥856,245,934.12 from ¥483,348,986.77 at the end of the previous year[22]. - Net assets attributable to shareholders rose by 96.22% to ¥667,288,570.92 from ¥340,063,888.73 at the end of the previous year[22]. - The company's weighted average return on equity decreased to 2.80% from 7.26% year-on-year, a drop of 4.46%[21]. - The company reported a total non-operating income of 2,573,558.26, after accounting for government subsidies and tax impacts[26]. Business Strategy and Market Position - The company has maintained its core business focus on becoming a global supplier of cultural and creative home products, with no changes in its main operations during the reporting period[29]. - The company offers nearly 10,000 varieties of products across three main categories: creative decorations, leisure daily goods, and fashionable small furniture[30]. - The company has positioned itself as a key player in the cultural creative home products export market, serving over 100 countries across five continents[29]. - The company aims to leverage its design capabilities and marketing channels to enhance customer trust and expand its market presence[29]. - The company emphasizes continuous innovation and design to meet the evolving personalized needs of consumers in the creative home goods sector[41]. - The company aims to enhance brand value and competitiveness by cultivating high-quality brands, as the domestic market is facing increasing competition from international brands[42]. - The company is actively involved in the cultural creative industry, which is supported by various government policies aimed at promoting cultural industry development[44]. Research and Development - The company holds a total of 125 intellectual property rights, including 3 invention patents, 114 utility model patents, and 8 design patents[59]. - Research and development investment rose to ¥8,960,129.36, marking a 49.78% increase, attributed to higher material costs and increased R&D personnel expenses[77]. - The company emphasizes talent management and development, with a focus on attracting and retaining skilled professionals through a robust incentive system[73]. - The company is committed to improving its overall R&D capabilities and innovation capacity through talent training and development[181]. Challenges and Risks - The company has faced significant risks and challenges, which are detailed in the report[4]. - The company faces risks related to the inability to continuously enhance R&D capabilities, which could lead to a decline in product gross margins and market share if core design personnel leave or R&D capabilities do not improve[114]. - The company has a high dependence on overseas markets, with export sales accounting for a significant portion of its main business revenue, posing risks of revenue growth slowdown due to global economic uncertainties[116]. - Rising procurement costs pose a risk to the company's operational performance, as fluctuations in raw material prices and labor costs could adversely affect profitability[118]. Profit Distribution and Shareholder Engagement - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to maintain a stable dividend policy, with a commitment to distribute at least 20% of its annual profit as cash dividends to shareholders[149]. - The management emphasized the importance of sustainable growth, with a focus on balancing short-term profitability and long-term investments[146]. - The company emphasizes the importance of communication with minority shareholders regarding profit distribution policies and decisions[151]. Share Repurchase and Stock Price Stabilization - The company has implemented measures to stabilize its stock price, which will be activated if the stock price falls below the latest audited net asset value per share[156]. - The company plans to repurchase shares through centralized bidding to stabilize the stock price, ensuring compliance with relevant laws and regulations[158]. - The company initiated a share buyback plan, allowing for the repurchase of up to 5% of its total share capital[164]. - The buyback must be completed within 30 trading days from the announcement date[165]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% year-over-year, driven by new product launches and market expansion strategies[146]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[148]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase the company's market share by 5%[149].