江苏金陵体育器材股份有限公司 2022 年第三季度报告 | 证券代码：300651 | 证券简称：金陵体育 | 公告编号：2022-071 | | --- | --- | --- | | 债券代码：123093 | 债券简称：金陵转债 | | 江苏金陵体育器材股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江苏金陵体育器材股份有限公司 2022 年第三季度报告 一、主要财务数据 （二） 非经常性损益项目和金额 适用 □不适用 单位：元 项目 本报告期金额 年初至报告期期末金额 说明 非流动资产处置损益（包括 已计提资产减值准备的冲销 部分） 191,391.27 计入当期损益的政府补助 （与公司正常经营 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥170,185,733.50, a decrease of 0.93% compared to ¥171,788,352.88 in the same period last year[20]. - The net profit attributable to shareholders was ¥3,519,040.02, representing a significant decline of 77.93% from ¥15,941,373.43 in the previous year[20]. - The net cash flow from operating activities was -¥16,288,447.58, worsening by 94.57% compared to -¥8,371,415.77 in the same period last year[20]. - Basic earnings per share decreased to ¥0.0273, down 77.95% from ¥0.1238 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥2,708,370.70, a decrease of 78.02% from ¥12,320,735.66 in the same period last year[20]. - The company reported a significant decrease in cash and cash equivalents, down 3,332.86% to -$56.59 million compared to the previous year[45]. - The company reported a net loss of CNY 6,948,745.93 in the first half of 2022, compared to a net profit of CNY 8,104,227.15 in the first half of 2021[165]. - The total comprehensive income for the first half of 2022 was CNY 3,568,607.66, down 79.4% from CNY 17,280,768.19 in the same period last year[161]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,278,867,901.93, an increase of 2.07% from ¥1,252,908,919.51 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 1.27% to ¥729,909,261.11 from ¥739,262,953.44 at the end of the previous year[20]. - The company's total liabilities increased to CNY 1,278,000,000.00, reflecting a growth trend in financial obligations[53]. - Current liabilities totaled CNY 290,617,124.77, an increase from CNY 266,709,439.37 at the start of the year, representing a rise of approximately 8.97%[154]. - Non-current liabilities reached CNY 239,534,657.42, slightly up from CNY 233,994,235.71, marking an increase of about 2.3%[154]. Research and Development - The company has a strong focus on the research and development of new materials, technologies, applications, processes, and products to enhance its competitive edge[35]. - Research and development expenses rose by 21.91% to $9.46 million, attributed to increased investment in R&D materials[45]. - The company holds 148 patents as of June 2022, including 18 invention patents and 61 utility model patents, demonstrating its strong R&D capabilities[40]. - The company plans to enhance R&D investment to improve product intelligence and systematization, aiming to meet future market demands[80]. Market Position and Strategy - The company has established itself as a leading provider of high-end sports equipment and cultural facility integration services, with a continuous improvement in its main business output[35]. - The company aims to expand its overseas market presence while consolidating its domestic market influence, with a focus on increasing global brand impact and market share[73]. - The company has been recognized as one of the earliest in China to obtain official certifications from international sports organizations, enhancing its market credibility[28]. - The company operates a dual sales model, primarily focusing on direct sales to end-users such as schools and government units, supplemented by a distribution model[34]. Risks and Challenges - The company faces various risks including profit decline risk and new product development risk, which are detailed in the report[4]. - The company recognizes the risk of market competition due to the low concentration in the sports equipment manufacturing industry and plans to enhance R&D and product development[78]. - The company is aware of potential risks from macroeconomic fluctuations and will strategically pursue mergers and acquisitions to mitigate these risks[79]. - The company faces risks from raw material price fluctuations and plans to enhance cost control and efficiency through R&D efforts[79]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company emphasizes shareholder rights and has implemented a cash dividend policy to ensure returns on investment[93]. - A total of 1.44 million stock options were granted under the stock option incentive plan, with 93 participants[89]. - The company reported a decrease in restricted shares from 56,041,838 (43.53%) to 52,719,171 (40.95%) during the reporting period, a reduction of 3,322,667 shares[120]. Future Outlook - The company plans to enhance its product line by increasing the development of new products, aiming to better meet market demands and improve market recognition[72]. - The company aims to improve production processes and efficiency to support sustainable development[80]. - The company plans to cautiously pursue mergers and acquisitions in the sports equipment manufacturing industry to expand production scale and enhance R&D capabilities[74]. - The company has set a target for revenue growth of approximately 10% for the next fiscal year, aiming to enhance shareholder value[181].

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。 江苏金陵体育器材股份有限公司 2022 年第一季度报告全文 江苏金陵体育器材股份有限公司 证券代码：300651 证券简称：金陵体育 公告编号：2022-026 债券代码：123093 债券简称：金陵转债 2022 年第一季度报告 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 84,661,577.16 | 65,822,176.27 | 28.62% | | 归属于上市公司 ...

Financial Performance - The company's operating revenue for 2021 was CNY 547,287,624, representing a year-on-year increase of 21.87% compared to CNY 449,075,233 in 2020[5]. - The net profit attributable to shareholders for 2021 was CNY 26,038,103.8, a decrease of 13.45% from CNY 30,084,096.9 in 2020[5]. - The net profit after deducting non-recurring gains and losses was CNY 23,082,248.4, down 13.52% from CNY 26,690,639.9 in 2020[5]. - The cash flow from operating activities increased by 32.62% to CNY 115,549,169 in 2021, compared to CNY 87,129,775.4 in 2020[5]. - The total assets at the end of 2021 were CNY 1,252,908,919, reflecting a 27.79% increase from CNY 980,476,079 at the end of 2020[18]. - The net assets attributable to shareholders increased by 7.70% to CNY 739,262,953 at the end of 2021, compared to CNY 686,388,683 at the end of 2020[18]. - The basic earnings per share for 2021 were CNY 0.2022, a decrease of 13.48% from CNY 0.2337 in 2020[5]. - The diluted earnings per share for 2021 were CNY 0.2209, down 5.48% from CNY 0.2337 in 2020[5]. - The company reported a total revenue of CNY 245,927,395.02 in Q4 2021, with a net profit of CNY 3,148,754.12 attributable to shareholders[19]. - The company's total revenue reached ¥547,287,624.31, representing a 21.87% increase compared to ¥449,075,233.12 in the previous period[62]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 128,747,077 shares[4]. - The company has not issued any bonus shares, indicating a focus on cash dividends for shareholder returns[4]. - The company has a cash dividend of 1.00 yuan per 10 shares, totaling 12,874,707.70 yuan, which accounts for 3.86% of the total distributable profit of 333,523,710.81 yuan[157]. Market and Industry Outlook - The company operates in the sports equipment manufacturing industry, which saw a 15.84% year-on-year increase in revenue for large-scale enterprises in 2021[28]. - By 2035, the sports industry is projected to reach 4% of GDP, indicating substantial growth potential for the domestic sports goods manufacturing sector[29]. - The total scale of China's sports industry is expected to reach 5 trillion yuan by 2025, with the value-added proportion of GDP increasing to 2%[31]. - The urban consumer market is shifting from low-end to mid-to-high-end sports goods, with rural areas also developing new demand for mid-range products[29]. - The sports goods market is expected to continue stable growth due to rising disposable incomes and consumption upgrades among residents[29]. - The company aims to enhance brand promotion and market expansion while increasing investment in technology research and development to become a globally competitive sports equipment supplier[100]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding potential profit decline and new product development not meeting expectations[4]. - The company has outlined various operational risks, including market risk and raw material price fluctuations, which could impact future performance[4]. - Risks include slower-than-expected growth in the consumer sports equipment market and potential declines in the number of sports events held domestically[41]. - The company faces risks related to profit decline due to high operational costs and competitive pressures, necessitating strategic sales and marketing efforts[103]. Research and Development - The company has a strong commitment to R&D, focusing on innovative applications and products to maintain its industry leadership[50]. - The company holds 142 patents, including 18 invention patents and 55 utility model patents, showcasing its strong R&D capabilities[55]. - Research and development expenses increased by 21.53% to 18,649,033.05 yuan in 2021, primarily due to higher salaries for R&D personnel[73]. - The company is focusing on the development of sports big data and artificial intelligence technology, enhancing its innovation capabilities[96]. - The company plans to develop multifunctional, intelligent, and entertainment-oriented sports equipment products, while expanding its product line to better meet market demands[100]. Corporate Governance and Compliance - The company has established a robust investor relations management system to ensure timely and accurate information disclosure[5]. - The company has a complete and independent production and operation system, with no reliance on controlling shareholders for business operations[119]. - The company has established a risk control management system involving the board's audit committee and internal audit department to enhance risk management capabilities[162]. - The internal control system has been continuously improved, ensuring compliance with relevant laws and regulations, and no significant internal control deficiencies were identified as of December 31, 2021[163]. Social Responsibility and Sustainability - The company emphasizes employee rights protection by providing comprehensive benefits, including health checks and festive bonuses[182]. - The company has established a solar photovoltaic power station with a capacity of 2.448MW, generating 242.87 million kWh annually, reducing standard coal consumption by 945 tons and CO2 emissions by 2,362.4 tons[184]. - The company is committed to sustainable development, with a focus on low consumption, low emissions, and high efficiency in its production processes[187]. - The company actively participates in social responsibility initiatives, maintaining good relations with local governments and contributing to community development[187]. Employee and Management Structure - The total number of employees increased from 4,429 in June 2019 to 4,935 in June 2022, indicating a growth of about 11.4%[125]. - The professional composition includes 551 production personnel, 55 sales personnel, 81 technical personnel, 14 financial personnel, and 46 administrative personnel[153]. - The company has implemented a multi-channel training mechanism to enhance employee skills in areas such as R&D, management, and marketing[155]. - The company has a policy of adjusting the existing salary system based on market conditions and employee capabilities[154]. Future Plans and Strategic Initiatives - The company plans to enhance its product line with new developments such as adjustable basketball hoops and modular football goals, aimed at expanding market offerings[74]. - The company intends to establish subsidiaries focused on sports flooring materials and sports equipment technology, which will help expand production capacity[104]. - The company plans to pursue mergers and acquisitions to expand production scale and enhance R&D capabilities, given the low market concentration in the sports equipment manufacturing industry[102]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[140].

Revenue and Profit - The company's revenue for the third quarter was ¥129,571,876.41, representing a 3.24% increase year-over-year[3]. - The net profit attributable to shareholders decreased by 49.11% to ¥6,947,976.32 compared to the same period last year[3]. - The basic earnings per share fell by 49.06% to ¥0.0540, while diluted earnings per share decreased by 51.04% to ¥0.0519[3]. - Net profit for the current period was ¥24,692,525.37, down from ¥29,723,867.52, indicating a decrease of approximately 16.8%[19]. - The total comprehensive income for the period was CNY 24,692,525.37, compared to CNY 29,723,867.52 in the previous period, reflecting a decrease of approximately 16.8%[20]. - Basic earnings per share decreased to CNY 0.1778 from CNY 0.2294, representing a decline of about 22.5%[20]. Assets and Liabilities - Total assets increased by 32.05% to ¥1,294,683,065.67 compared to the end of the previous year[4]. - The company's total assets increased to ¥1,294,683,065.67 from ¥980,476,079.97, marking a growth of about 32%[17]. - Current assets totaled ¥743,675,708.47, up from ¥472,990,919.06, which is an increase of approximately 57%[15]. - The company's total liabilities increased to ¥548,975,144.78 from ¥285,954,433.07, representing an increase of approximately 92%[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date reached ¥55,996,228.50, a significant increase of 154.06%[3]. - Cash inflow from operating activities increased to CNY 467,941,408.76, up from CNY 361,641,541.92, marking an increase of approximately 29.4%[21]. - Net cash flow from operating activities was CNY 55,996,228.50, compared to CNY 22,040,934.02 in the previous period, indicating a significant increase of about 154.1%[23]. - Cash flow from investing activities showed a net outflow of CNY 165,679,760.66, worsening from a net outflow of CNY 50,663,256.41 in the previous period[23]. - Cash flow from financing activities resulted in a net inflow of CNY 186,662,885.54, compared to CNY 20,487,957.29 in the previous period, reflecting a substantial increase of approximately 811.5%[24]. - The ending balance of cash and cash equivalents increased to CNY 124,033,134.18 from CNY 31,195,585.46, representing a growth of about 297.5%[24]. - The company reported a significant increase in cash and cash equivalents, rising to ¥124,293,395.61 from ¥51,668,217.71, which is an increase of about 140%[14]. Inventory and Expenses - The company reported a 60.28% increase in inventory, amounting to ¥224,541,028.16, due to increased stock for future sales orders[8]. - Inventory levels rose significantly to ¥224,541,028.16 from ¥140,094,392.50, reflecting an increase of about 60%[15]. - Total operating costs increased to ¥274,361,254.56 from ¥260,026,705.04, representing a rise of about 5.3%[18]. - Research and development expenses increased to ¥12,659,372.60 from ¥8,700,495.14, showing a growth of approximately 45%[18]. - The company paid CNY 54,998,409.22 in employee compensation, an increase from CNY 42,775,842.82 in the previous period, indicating a rise of approximately 28.6%[23]. - The company reported a decrease in tax payments to CNY 20,967,456.97 from CNY 27,473,424.17, reflecting a decline of about 23.7%[23]. Financial Instruments - The company issued convertible bonds, resulting in a 100% increase in bonds payable to ¥216,611,673.39[9]. - The company experienced a 584.39% increase in trading financial assets, totaling ¥137,000,000.00, due to the use of idle funds for wealth management[8]. - The company has no other non-recurring gains and losses that meet the definition of non-recurring items[5]. - The net profit after deducting non-recurring gains and losses was ¥6,486,714.66, down 47.91% year-over-year[3].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥171,788,352.88, a decrease of 1.82% compared to ¥174,971,381.89 in the same period last year[20] - The net profit attributable to shareholders of the listed company was ¥15,941,373.43, reflecting a slight increase of 0.36% from ¥15,884,843.20 year-on-year[20] - The net profit after deducting non-recurring gains and losses was ¥12,320,735.66, down 14.89% from ¥14,476,511.72 in the previous year[20] - The net cash flow from operating activities improved to -¥8,371,415.77, a 36.29% increase compared to -¥13,140,578.09 in the same period last year[20] - Total assets at the end of the reporting period reached ¥1,232,964,869.06, representing a 25.75% increase from ¥980,476,079.97 at the end of the previous year[20] - The net assets attributable to shareholders of the listed company increased by 5.71% to ¥725,561,319.15 from ¥686,388,683.50 at the end of the previous year[20] - Basic earnings per share were reported at ¥0.1238, a slight increase of 0.32% from ¥0.1234 in the previous year[20] - Diluted earnings per share decreased by 2.84% to ¥0.1199 from ¥0.1234 year-on-year[20] - The weighted average return on net assets was 2.26%, down from 2.37% in the previous year[20] - The company reported a net loss of 5,279,371.9 CNY from its subsidiary Jinling Sports Co., Ltd.[83] - The company reported a revenue of 29,353,493 million yuan, with a year-on-year increase of 50.1% compared to 19,548,457 million yuan[85] - The net profit for the period was 14,377,936 million yuan, reflecting a significant growth from the previous year's figure[85] Market and Industry Insights - The company specializes in sports equipment and facility integration services, focusing on high-quality sports gear and event support[26] - The domestic sports equipment market is expanding due to increasing demand for fitness and more sports events, indicating significant market potential[33] - The sports equipment industry is supported by government policies aimed at promoting sports consumption and industry upgrades, contributing to market growth[33] - The overall profit level in the sports equipment manufacturing industry has shown a positive upward trend, influenced by macroeconomic fluctuations and downstream demand changes[37] - The demand for sports equipment is expected to continue growing due to rising disposable income and increased public spending on sports[37] - The industry faces intense competition in the low-end market, while the high-end market has fewer suppliers meeting quality and brand reputation requirements[35] - The company has established significant market advantages in brand influence, technology research and development, and qualification certification[41] - The sports equipment industry is characterized by seasonal demand, with higher revenues typically realized in the second half of the year[38] Research and Development - The company has a total of 146 patents, including 18 invention patents and 2 copyrights, as of June 30, 2021[44] - The company’s R&D investment increased by 56.52% to ¥7,759,787.15 from ¥4,957,602.27 in the previous year[49] - The company aims to enhance product development by increasing investment in materials science and digital technologies, aiming to create multifunctional and intelligent sports equipment[88] - The company will establish a provincial-level technology research center to boost R&D investment, focusing on product intelligence and systematization[89] - The company is involved in the research and development of new materials technology, particularly in the rubber and plastic product sectors[66] Strategic Initiatives - The company plans to enhance brand promotion and market expansion efforts, focusing on both domestic and international markets[87] - The company aims to increase investment in technology research and development to strengthen its competitive position in the sports equipment industry[87] - The company is committed to becoming a globally competitive supplier of sports equipment by actively exploring overseas markets[87] - The company intends to pursue mergers and acquisitions in the sports equipment industry to expand production scale and enhance R&D capabilities[89] - The company has committed to fulfilling social responsibilities, including protecting employee rights and engaging in community development[112] Financial Management - The company has established a strict quality control system and has obtained ISO9001 and ISO14001 certifications[46] - The company has implemented stricter credit approval processes to manage accounts receivable risks and improve cash flow efficiency[94] - The company has acknowledged the risk of profit decline due to high operational costs and plans to implement automation and intelligent production line upgrades to reduce costs[91] - The company has not distributed cash dividends or increased capital stock in the first half of 2021, indicating a focus on reinvestment[105] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 914,403.56 from CNY 462,199.14 in the previous year[188] Corporate Governance - The company has not engaged in any major related party transactions during the reporting period[115] - The company has not experienced any major lawsuits or arbitration matters during the reporting period[121] - The company has not made any non-operating fund occupation by controlling shareholders or related parties during the reporting period[116] - The company has not provided any external guarantees in violation of regulations during the reporting period[117] - The company has submitted a renewal application for its high-tech enterprise certification, which is crucial for maintaining tax benefits and future profitability[99] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,077[148] - The largest shareholder, Li Jiangang, holds 20.49% of the shares, totaling 26,382,980 shares[148] - The total number of shares held by the top ten shareholders is 47,496,511 shares, with a total decrease of 634,835 shares during the reporting period[152] - The company has issued convertible bonds with a total balance of 250 million, with interest rates ranging from 0.5% to 4.0% over the bond's term[159] Environmental and Social Responsibility - The company actively responded to national environmental protection policies and conducted self-inspection work during the reporting period[111] - The company did not receive any administrative penalties due to environmental issues during the reporting period[111]

Financial Performance - The company's operating revenue for 2020 was ¥449,075,233, a decrease of 10.12% compared to ¥499,635,072 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥30,084,096.9, down 29.21% from ¥42,500,446.6 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥26,690,639.9, a decrease of 26.93% from ¥36,528,023.5 in 2019[18]. - The basic earnings per share for 2020 was ¥0.2337, down 29.20% from ¥0.3301 in 2019[18]. - The total assets at the end of 2020 were ¥980,476,079, an increase of 9.77% from ¥893,171,615 at the end of 2019[19]. - The net assets attributable to shareholders increased by 2.57% to ¥686,388,683 at the end of 2020, compared to ¥669,179,264 at the end of 2019[19]. - The company achieved total revenue of ¥449,075,233.12 in 2020, a decrease of 10.12% compared to ¥499,635,072.08 in 2019[52]. - The net profit attributable to shareholders was ¥30,084,096.90, down 29.21% year-on-year[52]. - The total sales volume across all product categories decreased by 20.12% compared to the previous year, with significant declines in ball equipment and track and field equipment sales volumes of 27.76% and 34.64%, respectively[63][64]. Dividend Distribution - The company reported a total share capital of 128,746,780 shares as of December 31, 2020, with a cash dividend distribution of RMB 1 per 10 shares (including tax) for all shareholders[3]. - The cash dividend represents 4.03% of the total distributable profit of RMB 319,749,244.04 for the reporting period[115]. - In the past three years, the cash dividend for 2020 was RMB 12,874,678.00, which accounted for 42.80% of the net profit attributable to the parent company[118]. - The cash dividend for 2019 was also RMB 12,874,678.00, which accounted for 30.29% of the net profit attributable to the parent company[118]. Audit and Compliance - The annual financial report for 2020 was audited by Lixin Accounting Firm, which issued a standard unqualified audit opinion[3]. - The financial report is prepared in accordance with Chinese accounting standards, ensuring compliance with local regulations[3]. - The company is committed to ensuring the accuracy and completeness of its financial reports, with key personnel guaranteeing the integrity of the information provided[3]. - The company has implemented changes in accounting policies effective from January 1, 2020, in accordance with the new revenue standards issued by the Ministry of Finance[126]. - The company has ensured that all changes in accounting policies are in line with the latest guidelines from the Ministry of Finance[129]. Risk Management - The company highlighted potential risks in its future development, including profit decline risk, new product and capacity underperformance risk, and market risk[4]. - The company plans to address various risks, including raw material price fluctuations and technological research and development risks, in its strategic planning[4]. - The company encourages investors to maintain a sufficient risk awareness regarding future plans and performance forecasts[4]. - The company is facing profit decline risks due to increased operational costs and competitive pressures, necessitating careful expansion and sales strategies[104]. - Raw material price volatility poses a risk to operational performance, prompting the company to focus on cost reduction and efficiency improvements[109]. Market Position and Strategy - The company specializes in sports equipment and facility integration services, focusing on high-quality sports gear and recreational environments[27]. - The company is recognized as a leading manufacturer of basketball equipment and has provided services for major events such as the Olympics and CBA league[27]. - The company operates under a direct sales model primarily targeting schools, government units, and sports event organizations, supplemented by a distribution model[30][31]. - The company is committed to continuous innovation and cost reduction strategies to mitigate the impacts of external factors such as the COVID-19 pandemic[27]. - The company aims to expand its market presence both domestically and internationally, with a focus on increasing brand influence and market share[98]. Research and Development - The company invested ¥15,345,400 in R&D during the reporting period, focusing on new products and technologies[57]. - The company holds a total of 139 patents, including 18 invention patents and 2 software copyrights as of December 31, 2020[47]. - R&D personnel increased to 85 in 2020, accounting for 11.07% of total employees, with R&D investment amounting to ¥15,345,360.92, representing 3.42% of operating revenue[75]. - The company has established core technologies including "basketball manufacturing technology with lighting devices" and "hydraulic basketball and volleyball lifting technology" to meet diverse customer needs[74]. Corporate Governance and Management - The company has a strong commitment to corporate governance, with independent directors overseeing compliance and ethical standards[196]. - The company has maintained a stable management team with key personnel serving from June 2019 to June 2022, ensuring continuity in leadership and strategic direction[195]. - The company has implemented a structured approach to information disclosure, ensuring all stakeholders receive timely and accurate updates[157]. - The company has established a performance management system that emphasizes individual performance-based compensation, enhancing employee motivation and creativity[159]. Social Responsibility - The company actively engages in social responsibility initiatives, donating over 360,000 RMB in sports equipment to disaster-affected schools and supporting various charitable activities[167]. - The company emphasizes employee training and career development, creating multiple channels for professional growth and enhancing overall workforce quality[159]. - The company maintains a transparent and equitable workplace, ensuring equal opportunities and non-discrimination across various employee demographics[160].

Financial Performance - The company's revenue for the first quarter reached ¥65,822,176.27, representing a 59.89% increase compared to ¥41,167,648.70 in the same period last year[8] - Net profit attributable to shareholders was ¥3,322,653.19, up 21.64% from ¥2,731,625.86 year-on-year[8] - Basic earnings per share increased to ¥0.0258, reflecting a growth of 21.70% compared to ¥0.0212 in the same period last year[8] - Revenue for the first quarter reached ¥65,820,000, a 59.89% increase year-over-year, with a net profit attributable to the parent company of ¥3,320,000, up 21.64%[16] - Net profit for the period reached ¥3,983,601.25, a significant increase from ¥2,709,575.01, marking a growth of approximately 47.0% year-over-year[44] - The company's operating revenue for the current period reached ¥53,224,296.96, a 42% increase from ¥37,481,373.13 in the previous period[47] - Operating profit for the current period was ¥5,252,046.98, compared to ¥2,623,445.40 in the previous period, reflecting a significant improvement[48] - Net profit for the current period was ¥3,684,010.61, up from ¥1,694,475.18 in the previous period, indicating a growth of approximately 117%[48] - Total comprehensive income for the current period was ¥3,684,010.61, compared to ¥1,694,475.18 in the previous period, showing a growth of 117%[49] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥7,757,339.24, a 173.87% increase from a negative cash flow of ¥10,500,957.69 in the previous year[8] - Cash and cash equivalents increased by 49.42% to ¥77,202,213.94 compared to ¥51,668,217.71 in the same period last year, primarily due to increased sales receipts[15] - The company's cash and cash equivalents increased to ¥75,926,589.14 from ¥48,946,485.52, representing a growth of about 55.1%[40] - Cash and cash equivalents at the end of the period increased to ¥69,619,770.52 from ¥26,046,683.57, indicating a strong liquidity position[54] - Operating cash inflow increased to $130.92 million from $75.65 million, a growth of 73% year-over-year[56] - Net cash flow from operating activities turned positive at $6.22 million, compared to a negative $20.98 million in the previous period[56] - The ending cash and cash equivalents balance increased to $68.34 million from $17.97 million[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,233,996,311.73, marking a 25.86% increase from ¥980,476,079.97 at the end of the previous year[8] - The company's current assets increased to ¥708,913,184.79 as of March 31, 2021, compared to ¥472,990,919.06 at the end of 2020, reflecting a growth of approximately 50%[36] - Total liabilities rose to ¥497,037,123.36 from ¥285,954,433.07, reflecting an increase of approximately 73.7%[38] - Long-term borrowings were recorded at ¥211,672,458.72, with no previous long-term debt reported[38] - The total liabilities increased to ¥471,100,005.66 from ¥263,889,290.37, reflecting a growth of approximately 78.6% year-over-year[42] Shareholder Information - The top ten shareholders hold a combined 62.79% of the company's shares, with the largest shareholder owning 20.49%[11] - The company reported a net asset attributable to shareholders of ¥725,817,276.91, which is a 5.74% increase from ¥686,388,683.50 at the end of the last year[8] - The equity attributable to shareholders of the parent company rose to ¥729,834,642.97, compared to ¥690,044,692.14, an increase of about 5.8%[42] Research and Development - Research and development expenses increased by 139.24% to ¥3,910,268.87, driven by higher material investments in product development[15] - The company plans to enhance product development efforts, focusing on multi-functional, intelligent, and entertainment-oriented sports equipment to meet future market demands[20] - The company has a total of 145 patents, including 18 invention patents, and aims to maintain its technological innovation to sustain its industry position[22] - The company will increase its investment in technology R&D, particularly in smart and systematic product development, to meet future market needs[23] Risks and Management - The company highlighted potential risks including profit decline risk and new product development risks, urging investors to make informed decisions[4] - The company plans to expand its production scale and enhance its R&D capabilities to mitigate profit decline risks amid increasing competition[18] - The company is establishing a comprehensive feedback mechanism to manage new product development and capacity expansion risks[18] - Accounts receivable remain at a high level, but the company is optimizing its customer structure to reduce bad debt risks[19] - The company will implement strict internal controls over fixed asset management to prevent losses and ensure efficient asset utilization[19] - The company has identified risks related to macroeconomic fluctuations and intends to pursue mergers and acquisitions to expand production scale and enhance R&D capabilities[21] Government Support and Financing - The company received government subsidies amounting to ¥2,099,850.00 during the reporting period[9] - The company raised a total of 24,583.02 million yuan in funds, with 3,627.66 million yuan invested in the current quarter[26] - The company raised ¥252,348,000.00 from financing activities, a significant increase from ¥11,300,000.00 in the previous period[54] Other Information - The company has not reclassified any non-recurring gains or losses as recurring items in this reporting period[10] - The company did not apply the new leasing standards for the first quarter report[58] - The first quarter report was not audited[58] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30] - The company reported no violations regarding external guarantees during the reporting period[29]

Financial Performance - The company's operating revenue for 2020 was CNY 449,075,233, a decrease of 10.12% compared to CNY 499,635,072 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 30,084,096, reflecting a decline of 29.21% from CNY 42,500,446 in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 26,690,639, down 26.93% from CNY 36,528,023 in the previous year[19]. - The cash flow from operating activities increased by 15.00% to CNY 87,129,775 in 2020, compared to CNY 75,763,883 in 2019[19]. - The total assets at the end of 2020 were CNY 980,476,079, representing a growth of 9.77% from CNY 893,171,615 at the end of 2019[20]. - The net assets attributable to shareholders increased by 2.57% to CNY 686,388,683 at the end of 2020, compared to CNY 669,179,264 at the end of 2019[20]. - The basic earnings per share for 2020 were CNY 0.2337, a decrease of 29.20% from CNY 0.3301 in 2019[19]. - The diluted earnings per share also stood at CNY 0.2337, reflecting the same percentage decline as basic earnings per share[19]. - The weighted average return on equity for 2020 was 4.32%, down from 6.47% in 2019, indicating a decrease of 2.15 percentage points[19]. - The company achieved total revenue of ¥449,075,233.12 in 2020, a decrease of 10.12% compared to ¥499,635,072.08 in 2019[53]. - The net profit attributable to shareholders was ¥30,084,096.90, down 29.21% year-on-year[53]. Risk Management - The company highlighted potential risks in its future development, including profit decline risk, new product and capacity underperformance risk, and market risk[4]. - The company is actively managing risks related to raw material price fluctuations and technological development[4]. - The company faces profit decline risks due to high operational costs and competitive pressures, necessitating increased sales efforts and strategic partnerships to maintain product promotion[107]. - The company is vulnerable to macroeconomic fluctuations and changes in industry policies, which could impact market demand and operational performance[111]. - The company is addressing raw material price volatility risks by focusing on cost reduction and enhancing technological capabilities[112]. Shareholder Returns - The company reported a total share capital of 128,746,780 shares as of December 31, 2020, with a cash dividend distribution of RMB 1 per 10 shares (including tax) for all shareholders[3]. - The board of directors approved the annual profit distribution plan, reflecting the company's commitment to returning value to shareholders[3]. - The cash dividend for the reporting period is set at RMB 1.00 per 10 shares, totaling RMB 12,874,678.00, which represents 4.03% of the distributable profit[118]. - The cash dividend amount for 2020 is 42.80% of the net profit attributable to the company's ordinary shareholders[121]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technology and product development[4]. - The company aims to expand its market presence both domestically and internationally, increasing brand awareness and market share[101]. - The company has established partnerships with major sports organizations, enhancing its brand reputation and market presence[49]. - The company has identified the sports equipment industry as a high-potential sector, benefiting from favorable national policies aimed at promoting sports industry growth[100]. - The company plans to enhance product development by focusing on new technologies such as materials science and digitalization, aiming to create multifunctional and intelligent sports equipment[100]. - The company plans to develop new products to better cover the sports equipment market needs and enhance its product line[100]. - The company will focus on improving production processes and automation to enhance production efficiency and capacity[103]. Research and Development - The company invested ¥15,345,400 in R&D during the reporting period, focusing on new products and technologies[58]. - The company holds a total of 139 patents, including 18 invention patents and 2 software copyrights[58]. - R&D personnel increased to 85 in 2020, accounting for 11.07% of total employees, while R&D investment amounted to ¥15,345,360.92, representing 3.42% of operating revenue[78]. - The company aims to enhance its R&D investment to improve product quality and reduce costs, focusing on smart and systematic product development[113]. Operational Efficiency - The company has implemented various internal controls and management systems to enhance operational efficiency and product quality[31]. - The company has established a comprehensive procurement and production management system to ensure quality and efficiency in operations[30]. - The company has implemented cost reduction and efficiency improvement measures, contributing to stable operational performance despite the pandemic[54]. - The company has enhanced its management structure and internal controls to mitigate operational risks and improve overall management quality[55]. Corporate Governance - The company is committed to protecting the rights and interests of shareholders and creditors, ensuring compliance with corporate governance and operational regulations[158]. - The company has implemented measures to ensure compliance with securities market regulations[126]. - The company has fulfilled its commitments to minority shareholders and there are no violations reported[127]. - The company has established a reasonable salary and welfare system, emphasizing performance-based compensation to enhance employee motivation and creativity[161]. Social Responsibility - In 2020, the company actively engaged in social responsibility initiatives, including donations totaling over 360,000 RMB to support disaster relief and educational development[169]. - The company plans to continue enhancing its social responsibility management system and improve communication with stakeholders in 2021[170]. - The company emphasizes employee health and safety, implementing measures such as summer heat prevention and health knowledge lectures[3]. Audit and Compliance - The financial report for 2020 was audited by Lixin Accounting Firm, which issued a standard unqualified audit opinion[3]. - The audit firm, Lixin Accounting Firm, has been retained for 9 consecutive years, with an audit fee of 550,000 RMB[138]. - The company has made changes to its accounting policies effective from January 1, 2020, in accordance with new financial reporting standards[130]. - The company has adjusted its consolidated financial statement format, which will not affect current profits or shareholders' equity[135].

江苏金陵体育器材股份有限公司 Jiangsu Jinling Sports Equipment Co., Ltd 二〇二〇年第三季度报告 编号：2020-078 2020 年 10 月 | 第一节 | 重要提示 | 1 | | --- | --- | --- | | 第二节 | 公司基本情况 | 2 | | | 一、主要会计数据和财务指标 | 2 | | | 二、报告期末股东总数及前十名股东持股情况表 | 4 | | 第三节 | 重要事项 | 7 | | | 一、报告期主要财务数据、财务指标发生重大变动的情况及原因 | 7 | | | 二、重要事项进展情况及其影响和解决方案的分析说明 | 7 | | | 项 | 7 | | 四、对 | 2020 年度经营业绩的预计 | 7 | | | 五、报告期内现金分红政策的执行情况 | 7 | | | 六、违规对外担保情况 | 7 | | | 七、控股股东及其关联方对上市公司的非经营性占用资金情况 | 7 | | | 八、报告期内接待调研、沟通、采访等活动登记表 | 7 | | 第四节 | 财务报表 | 9 | | | 一、财务报表 | 9 | | | 二、财务报表调整情 ...