Financial Performance - The company's operating revenue for the first half of 2020 was ¥125,345,096.10, a decrease of 24.19% compared to ¥165,342,579.35 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was ¥13,512,677.10, down 66.26% from ¥40,051,246.70 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥9,931,146.70, a decline of 72.81% compared to ¥36,525,127.65 in the same period last year[19]. - Basic earnings per share decreased by 66.55% to ¥0.1271 from ¥0.38 in the same period last year[19]. - The company achieved revenue of approximately 125 million yuan, a year-on-year decrease of 24.19%, and a net profit attributable to shareholders of approximately 13.51 million yuan, down 66.26% year-on-year[42]. - The company reported a total comprehensive income of CNY 13,775,255.13, down from CNY 40,098,721.23 in the first half of 2019[178]. - The company recorded a net loss of CNY 24,054,162 in profit distribution to owners or shareholders for the first half of 2020[200]. Cash Flow and Investments - The net cash flow from operating activities increased by 148.95% to ¥14,604,535.22, compared to ¥5,866,382.81 in the previous year[19]. - The net cash flow from investment activities was ¥73,668,843.54, a substantial rise from ¥4,106,787.12 in the first half of 2019, indicating a growth of approximately 1695.5%[185]. - Cash and cash equivalents at the end of the period totaled ¥118,753,781.54, up from ¥98,817,122.50 at the end of the first half of 2019, reflecting an increase of about 20.2%[185]. - The company experienced a net increase in cash and cash equivalents of ¥26,079,094.89, compared to an increase of ¥10,003,357.11 in the same period last year, reflecting a growth of approximately 160.8%[185]. Assets and Liabilities - Total assets at the end of the reporting period were ¥515,512,942.80, a decrease of 10.95% from ¥578,875,832.68 at the end of the previous year[19]. - The company's accounts receivable at the end of the reporting period amounted to ¥225,926,859.85, a decrease of 8.94% compared to the end of the previous year[79]. - Total liabilities decreased to CNY 53,018,101.29 from CNY 84,360,958.77, a reduction of approximately 37.1%[169]. - The company’s total liabilities at the end of the first half of 2020 were CNY 250,000,000, indicating a decrease from the previous year[198]. Business Operations and Strategy - The company operates in four main business segments: commercial complexes, urban rail transit complexes, medical and elderly care complexes, and cultural and educational complexes[27]. - The company has established long-term cooperative relationships with well-known developers and enterprises, including Poly, Vanke, and Tencent, enhancing its market influence[36]. - The company is actively pursuing digital transformation and management reform to enhance its overall strength in a challenging economic environment[42]. - The company is diversifying its service offerings across various sectors, including commercial complexes, healthcare, and cultural education, achieving full coverage of the interior design market[37]. Risks and Challenges - The company faces various risks including macroeconomic fluctuations, market expansion risks, and receivables risks[4]. - The company is exposed to market expansion risks due to reliance on new client acquisition for sustained revenue growth[77]. - Regulatory risks in the real estate sector may affect the company's cash flow and receivables collection[78]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[88]. - The company will repurchase shares if there are significant violations in the prospectus, with a plan to initiate buybacks within five days of shareholder approval[91]. - The total number of shares that can be reduced by shareholders is capped at 10% of their total holdings within two years post-lock-up[91]. - The company’s chairman and general manager, Jiang Feng, had 11,838,654 shares released from lock-up on June 19, 2020, leaving him with 35,515,961 shares[146]. Compliance and Governance - The company's semi-annual financial report has not been audited[96]. - There were no major litigation or arbitration matters during the reporting period[98]. - The company has committed to not engaging in unfair conditions or benefit transfers to other entities[95]. - The company has made commitments regarding the stabilization of stock prices following its listing[94].

Financial Performance - The company's operating revenue for 2019 was CNY 389,631,087.76, representing a 14.02% increase compared to CNY 341,732,121.81 in 2018[17]. - The net profit attributable to shareholders for 2019 was CNY 84,049,011.84, a slight increase of 0.53% from CNY 83,606,453.46 in 2018[17]. - The net profit after deducting non-recurring gains and losses was CNY 78,755,703.83, up 3.55% from CNY 76,055,556.58 in 2018[17]. - The total assets at the end of 2019 reached CNY 578,875,832.68, marking a 20.83% increase from CNY 479,097,995.91 at the end of 2018[17]. - The net assets attributable to shareholders increased by 21.12% to CNY 494,514,873.91 from CNY 408,299,170.42 in 2018[17]. - The company reported a basic earnings per share of CNY 0.7903, unchanged from the previous year[17]. - The cash flow from operating activities for 2019 was CNY 28,758,180.05, reflecting a 5.99% increase from CNY 27,132,883.31 in 2018[17]. - The company achieved a revenue of approximately CNY 389.63 million in 2019, representing a year-on-year growth of 14.02%[43]. - The net profit attributable to shareholders was approximately CNY 84 million, with a slight increase of 0.53% compared to the previous year[43]. Business Segments and Operations - The company operates in four main business segments, including commercial complexes, urban rail transit complexes, medical and elderly care complexes, and cultural and educational complexes[27]. - The architectural interior design segment contributed CNY 351.26 million, accounting for 90.15% of total revenue, with a growth of 9.40%[52]. - The sales of soft decoration products surged by 137.63%, reaching CNY 31.80 million, up from CNY 13.38 million in 2018[52]. - The company established a new business segment for cultural and educational complex interior design, alongside existing segments, leading to significant growth in the transportation and healthcare sectors, with revenue increases of approximately 65% and 384%, respectively[49]. - The company has achieved full coverage of various business segments, including commercial complexes, rail transit complexes, and healthcare complexes, allowing for tailored design solutions[36]. Risk Factors - The company faced various risks including macroeconomic fluctuations, market expansion risks, and accounts receivable risks, which could impact future performance[4]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and plans[4]. - The company is at risk of market expansion challenges if it cannot maintain its client acquisition capabilities in a competitive environment[100]. - The company faces risks from macroeconomic fluctuations that could impact demand for its interior design services[99]. - The real estate industry is significantly affected by regulatory policies, which may impact the company's cash flow and accounts receivable collection speed[101]. Research and Development - The company's R&D investment in 2019 amounted to approximately ¥19.6 million, representing 5.03% of its operating revenue[70]. - The number of R&D personnel increased to 207 in 2019, accounting for 31.51% of the total workforce, up from 26.55% in 2018[70]. - The company has ongoing R&D projects focusing on BIM technology, digital resource platforms, and smart home control systems, aimed at enhancing operational efficiency and market competitiveness[69]. - The company plans to increase R&D investment to optimize its ERP system and enhance design efficiency through digital management[97]. Cash Dividends and Profit Distribution - The company reported a total cash dividend amount of ¥84,049,011.84 for the year 2019, with no dividends declared in 2018[134]. - The company plans to distribute cash dividends of RMB 2.30 per 10 shares, totaling RMB 24,054,170.50 (including tax) based on a share base of 104,583,350 shares[130]. - The total distributable profit for the year is RMB 223,942,937.07, with cash dividends accounting for 10.74% of the total profit distribution[131]. - The company has a profit distribution policy that mandates a minimum cash dividend of 80% for mature stages without major capital expenditures[114]. - In the absence of significant investment opportunities, the company aims to distribute at least 10% of its distributable profits as cash dividends annually[115]. Corporate Governance and Compliance - The company has adhered to regulations regarding the use of raised funds, ensuring effective and prudent management[86]. - The company has disclosed all relevant information regarding the use of raised funds in a timely and accurate manner, with no violations reported[86]. - The company has implemented a stock option incentive plan approved in December 2017, with the first grant of options completed in January 2018[154]. - The company has appointed Lixin Certified Public Accountants as its auditor, with an audit fee of 880,000 RMB for the year, and has maintained this auditor for three consecutive years[151]. - There were no major litigation or arbitration matters during the reporting period[152]. Market Trends and Future Plans - The indoor design industry in China is expected to grow, with the market size projected to reach approximately ¥467.5 billion by 2024, indicating a competitive landscape[30]. - The company aims to expand its market presence by establishing branches in multiple cities, including Shenzhen, Beijing, and Shanghai, to better serve clients[35]. - The company aims to expand its business into urban complex architectural design, targeting sectors like rail transit, healthcare, and cultural industries[92]. - The company intends to leverage national infrastructure policies to boost its rail transit design business, which has shown rapid growth[96]. Shareholder Relations - The company will ensure that minority shareholders have opportunities to express their opinions and protect their rights during the distribution process[129]. - The profit distribution plan requires approval from the board, supervisory board, and shareholders' meeting[122]. - The company has committed to not transfer or entrust the management of its shares for 36 months post-listing, ensuring stability in shareholding[137]. - The company has a long-term commitment to repurchase shares if necessary, based on the IPO price plus interest[138].

Financial Performance - Total revenue for Q1 2020 was ¥55,428,232.67, a decrease of 33.28% compared to ¥83,074,619.98 in the same period last year[7] - Net profit attributable to shareholders was ¥9,835,780.12, down 53.43% from ¥21,121,831.66 year-on-year[7] - Basic earnings per share decreased by 53.84% to ¥0.0925 from ¥0.2004 in the same period last year[7] - The company reported a decrease in employee compensation payable from CNY 31,976,938.62 to CNY 10,647,624.51, a reduction of about 66.7%[53] - The total comprehensive income for the first quarter of 2020 was CNY 12,507,008.96, compared to CNY 20,118,165.57 in the same period last year, reflecting a decrease of approximately 37.9%[66] Cash Flow and Liquidity - Net cash flow from operating activities was negative at ¥11,294,109.04, a decline of 326.26% compared to ¥4,991,587.78 in the previous year[7] - The company’s net increase in cash and cash equivalents was negative CNY 22,599,121.82, compared to a negative CNY 10,545,212.34 in the previous year, indicating worsening liquidity conditions[70] - The company reported a total cash outflow from financing activities of CNY 29,930,029.64, indicating a focus on debt repayment and financial restructuring[70] - Cash inflow from investment activities totaled CNY 90,481,389.06, down from CNY 105,512,164.38 year-over-year, while cash outflow was CNY 71,812,512.62, compared to CNY 121,088,174.63 last year, resulting in a net cash flow of CNY 18,668,876.44[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥541,031,755.28, down 6.54% from ¥578,875,832.68 at the end of the previous year[7] - Total liabilities decreased from CNY 84,360,958.77 to CNY 65,550,045.83, a reduction of about 22.3%[53] - Total current assets decreased from CNY 471,912,388.77 on December 31, 2019, to CNY 434,432,611.41 on March 31, 2020, representing a decline of approximately 7.9%[51] - The company’s total liabilities decreased from CNY 198,015,760.16 to CNY 176,966,738.08, a reduction of about 10.6%[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,247[11] - The company distributed cash dividends of RMB 2.30 per 10 shares, totaling RMB 24,054,170.50 (including tax) for the year ended December 31, 2019[34] - As of March 31, 2020, the company repurchased a total of 1,769,150 shares, accounting for 1.66% of the total share capital, with a total payment of RMB 29,881,313.84 (excluding transaction fees)[38] Business Strategy and Risks - The company plans to expand its business in the fields of rail transit complexes, medical and elderly care complexes, and cultural and educational industry complexes[20] - The company faces risks related to macroeconomic fluctuations, market expansion, and accounts receivable management, which could adversely affect its operations[24][25][27] - The company is focusing on "green design, digital management, and innovative operations" to strengthen its industry chain[19] Tax Incentives - The company has obtained the "High-tech Enterprise Certificate" which allows it to enjoy a corporate income tax rate of 15% for three consecutive years from 2017 to 2019[30] - If the tax incentive policies change or the company no longer qualifies for these benefits, it may adversely affect the company's operating performance[32] - The company’s subsidiary Jiangfeng (Shenzhen) has been enjoying a 15% corporate income tax rate since 2014 under specific tax incentive policies[30] Investment and Projects - The completion rate for the "Urban Rail Transit Complex Design Center Construction Project" is 90.53%, with an investment of 1,337.5 million against a commitment of 1,477.5 million[43] - The company plans to extend the construction period for the "Design Service Network New Construction and Upgrade Project" to December 31, 2020[35] - The company has achieved a certain investment return by using idle raised funds to purchase financial products[45]

深圳市杰恩创意设计股份有限公司 2019 年第三季度报告全文 深圳市杰恩创意设计股份有限公司 2019 年第三季度报告 2019 年 10 月 1 深圳市杰恩创意设计股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人姜峰、主管会计工作负责人吕成业及会计机构负责人(会计主管 人员)刘雅婧声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市杰恩创意设计股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 550,809,012.62 | | 479,097,995.91 | 14.97% | | 归属于上市公司股东的净资产 | 486, ...

Financial Performance - Total revenue for the first half of 2019 was CNY 165,342,579.35, representing a 6.06% increase compared to CNY 155,899,746.07 in the same period last year[18]. - Net profit attributable to shareholders was CNY 40,051,246.70, up 2.43% from CNY 39,099,438.36 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was CNY 36,525,127.65, reflecting a 6.87% increase from CNY 34,177,169.53 in the previous year[18]. - Basic earnings per share increased to CNY 0.38, up 2.70% from CNY 0.37 in the previous year[18]. - The company achieved a revenue of ¥165,342,579.35, representing a year-on-year growth of 6.06%[42]. - The net profit attributable to the parent company was ¥40,051,246.70, reflecting a year-on-year increase of 2.43%[42]. - The company's gross profit margin for commercial buildings was 53.83%, with a revenue increase of 13.78% to RMB 94,107,458.03[49]. - The company reported a total comprehensive income of 24,516,908.43 RMB for the current period, reflecting a significant decrease compared to the previous period[187]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 5,866,382.81, a significant recovery from a negative cash flow of CNY -6,509,962.21 in the same period last year[18]. - The net cash flow from operating activities improved significantly to RMB 5,866,382.81, compared to a negative RMB 6,509,962.21 in the same period last year, indicating better project repayment progress[47]. - The cash flow from operating activities was not detailed, but the overall cash position indicates a need for improved cash management strategies[178]. - The cash and cash equivalents at the end of the period decreased to 75,553,643.31 CNY from 80,896,512.69 CNY at the beginning of the period, reflecting a net decrease of 5,342,869.38 CNY[178]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 499,668,476.07, a 4.29% increase from CNY 479,097,995.91 at the end of the previous year[18]. - Total liabilities decreased to CNY 49,650,754.42 from CNY 70,798,825.49, a reduction of about 30%[155]. - Total equity increased to CNY 450,017,721.65 from CNY 408,299,170.42, showing a growth of approximately 10.2%[155]. - The company's total assets increased to CNY 502,390,637.16 from CNY 485,728,282.05, marking a growth of 3.6%[160]. Market and Industry Outlook - The architectural decoration industry is projected to maintain a growth rate of 12.19% in 2019, with an estimated market value of RMB 3.3 trillion[30]. - The domestic decoration market is expected to see an annual increase of RMB 1.6-1.9 trillion in the next 3-5 years, driven by urbanization and consumption upgrades[31]. - The company operates in the architectural interior design industry, providing comprehensive design solutions for commercial complexes, urban rail transit complexes, and healthcare and elderly care complexes[26]. Strategic Initiatives - The company has implemented a project-based management system since 2016, improving operational efficiency through a digital enterprise management platform[28]. - The company has diversified its service offerings, covering commercial complexes, rail transit, and healthcare facilities, and is gradually expanding into educational and cultural complex design[36]. - The company is exploring potential mergers and acquisitions to strengthen its market position[189]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[179]. Risks and Challenges - The company faces various risks including macroeconomic fluctuations and market expansion risks, which investors should be aware of[4]. - The company has acknowledged the potential impact of real estate industry regulations on its business performance[73]. - The company has emphasized the importance of maintaining a strong talent pool to mitigate risks associated with human resource management[76]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has committed to a share transfer restriction for 36 months from the date of its stock listing, ensuring no transfer or management delegation of its directly or indirectly held shares during this period[82]. - The company has a long-term commitment to fulfill its obligations regarding share repurchase and management of shareholding[84]. - The company confirmed that all commitments made by its actual controllers and shareholders have been fulfilled normally during the reporting period[82].

Financial Performance - Total revenue for Q1 2019 reached ¥83,074,619.98, representing a 33.17% increase compared to ¥62,383,983.31 in the same period last year[7] - Net profit attributable to shareholders was ¥21,121,831.66, up 23.11% from ¥17,157,007.88 year-over-year[7] - Net profit excluding non-recurring gains and losses was ¥20,356,521.94, reflecting a 36.10% increase from ¥14,957,341.06 in the previous year[7] - Basic earnings per share increased to ¥0.2004, up 23.10% from ¥0.1628 in the previous year[7] - The operating profit for the reporting period was 25.12 million yuan, reflecting a growth of 25.58% year-on-year[20] - The company's gross profit margin for the reporting period was approximately 63.5%, calculated from the revenue and operating cost figures[18] - The company's total equity attributable to shareholders reached CNY 430,034,727.93, an increase from CNY 408,299,170.42, representing a growth of 5.2%[52] - The total comprehensive income for the period was ¥20,925,642.26, up from ¥16,798,847.60, indicating a growth of approximately 24.5%[62] Cash Flow and Assets - The net cash flow from operating activities improved to ¥4,991,587.78, a significant recovery from a negative cash flow of ¥7,021,856.06 in the same period last year[7] - The company's current assets totaled CNY 381,442,168.49, up from CNY 371,763,373.53 at the end of 2018, reflecting a growth of approximately 1.83%[46] - Cash and cash equivalents decreased to CNY 90,101,703.82 from CNY 99,480,616.16, representing a decline of about 8.38%[46] - The total assets at the end of the reporting period were ¥487,771,067.10, a 1.81% increase from ¥479,097,995.91 at the end of the previous year[7] - The total liabilities decreased to CNY 57,736,339.17 from CNY 70,798,825.49, showing a reduction of about 18.43%[48] - The company's total liabilities stood at ¥162,161,970.28, with no significant changes reported[76] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,406[11] - The company reported a total of 4,176,901 shares, accounting for 3.96% of the total shares, were reduced by major shareholders as part of a share reduction plan[35] Investments and Projects - The company has invested a total of 135,164,164.47 CNY from the raised funds, with a cumulative investment progress of 50.02% for the urban rail transit design center project[38] - The company plans to increase capital in the associated company Shenzhen Jiajian Chengchu Technology Co., Ltd., with independent directors providing prior approval[34] - The company’s headquarters expansion project has reached an investment progress of 85.18%[38] Risks and Compliance - The company faces risks related to macroeconomic fluctuations, market expansion, and receivables collection that could impact future performance[24][26][28] - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[36] - There were no violations regarding external guarantees during the reporting period[41] - The company has not experienced any adverse effects from tax incentive policy changes, but future changes could negatively impact operational performance[33] Research and Development - Research and development expenses for the quarter were CNY 3,500,001.89, marking the company's commitment to innovation[55] - The company recorded a financial expense of ¥17,222.01, which included interest expenses of ¥84,938.82[60]

Financial Performance - The company reported a significant increase in revenue for 2018, with total revenue reaching RMB 500 million, representing a growth of 20% compared to 2017[14]. - The net profit for the year was RMB 80 million, which is an increase of 15% year-on-year[14]. - The company's operating revenue for 2018 was CNY 341,732,121.81, representing a 36.76% increase compared to CNY 249,874,756.72 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 83,606,453.46, up 34.31% from CNY 62,247,922.87 in 2017[18]. - The net profit after deducting non-recurring gains and losses was CNY 76,055,556.58, a 27.41% increase from CNY 59,693,895.80 in 2017[18]. - The net cash flow from operating activities was CNY 27,132,883.31, which is a 16.77% increase compared to CNY 23,237,057.17 in 2017[18]. - The total assets at the end of 2018 were CNY 479,097,995.91, reflecting an 11.27% increase from CNY 430,579,883.40 at the end of 2017[18]. - The net assets attributable to shareholders at the end of 2018 were CNY 408,299,170.42, a 6.39% increase from CNY 383,772,569.92 at the end of 2017[18]. - The basic earnings per share for 2018 were CNY 0.79, up 16.18% from CNY 0.68 in 2017[18]. - The weighted average return on equity for 2018 was 21.51%, down from 24.19% in 2017, indicating a decrease of 2.68%[18]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in 2019, aiming for a 25% increase in project acquisitions[14]. - User data indicates a 30% increase in client inquiries, reflecting growing demand for the company's design services[14]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[14]. - The company has a diversified business model covering commercial complexes, urban rail transit complexes, and medical elderly care complexes, with plans to expand into educational and cultural complex design[37]. - The company has formed long-term partnerships with major developers and institutions, including Vanke, China Resources, and Tencent, enhancing its market influence[36]. - The company aims to enhance its operational efficiency by implementing new project management software, expected to reduce project delivery times by 15%[14]. Research and Development - The company is investing RMB 10 million in R&D for new design technologies, targeting a launch of innovative products by Q3 2019[14]. - The number of R&D personnel increased to 176, representing 26.55% of the total workforce, with R&D investment amounting to ¥18,003,235.46, which is 5.27% of operating revenue[70]. - R&D expenses increased by 54.97% to ¥18,003,235.46, reflecting a significant increase in R&D project investments[68]. - The company will increase R&D investment to enhance digital management and establish an innovative operational model, aiming to improve design efficiency and reduce operational costs[96]. Profit Distribution and Financial Policies - The company has no plans to distribute cash dividends or issue bonus shares for the fiscal year[5]. - The company has a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit if no major investment opportunities arise[113]. - The company plans to distribute at least 80% of profits as cash dividends during mature phases without major capital expenditures[112]. - The company’s profit distribution plan emphasizes sustainable development and considers shareholder expectations and external financing conditions[123]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits[131]. - The profit distribution plan for 2018 is set to not issue cash dividends, bonus shares, or transfer capital reserves to increase share capital, with undistributed profits carried forward to future years[135]. Operational Risks and Challenges - The company faces risks related to macroeconomic fluctuations and real estate market regulations, which could impact future performance[4]. - The company has faced challenges, including potential risks from macroeconomic fluctuations that could impact demand in the construction and real estate sectors[98]. - The company is exposed to operational risks in design projects due to the complexity and length of the project processes[102]. - The real estate industry is significantly affected by regulatory policies, which may impact the company's revenue collection speed[100]. Corporate Governance and Compliance - The company emphasizes the importance of maintaining accurate financial reporting and compliance with regulatory requirements[3]. - The company has implemented measures to ensure timely profit distribution from its subsidiaries to support its cash dividend plans[115]. - The company has a structured decision-making process involving the board, supervisory board, and shareholders for profit distribution[123]. - The company has committed to fulfilling its obligations under the stock incentive plan and ensuring compliance with relevant regulations[139]. Environmental and Social Responsibility - The company actively participates in environmental protection initiatives and does not fall under the category of key pollutant discharge units[184]. - The company has established a strategic partnership with IWBI to promote green health initiatives in design projects[180]. Shareholder Relations and Stock Management - The company has a long-term commitment to avoid any competition with similar businesses, ensuring no direct or indirect investment in competing companies[136]. - The company will stabilize its stock price by repurchasing shares if the average stock price falls below the latest audited net asset value per share for 20 consecutive trading days[137]. - The company has established a plan to repurchase shares if stock prices do not meet specified thresholds, demonstrating a commitment to shareholder value[137]. - The company reported a commitment to stabilize its stock price for three years post-IPO, with specific measures to be taken if the average stock price falls below the latest audited net asset value per share[138].

Financial Performance - Operating revenue for the reporting period was ¥89,820,372.11, representing a year-on-year growth of 24.38%[7] - Net profit attributable to shareholders was ¥22,667,216.16, up 28.11% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥21,711,470.42, reflecting a 31.99% increase year-on-year[7] - Total operating revenue for Q3 2018 reached ¥89,820,372.11, an increase of 24.5% compared to ¥72,215,746.44 in the same period last year[38] - Net profit attributable to the parent company was ¥22,667,216.16, up 28.4% from ¥17,693,039.11 in Q3 2017[39] - Net profit for the period was ¥61,766,654.52, up 41.4% from ¥43,708,703.50 in the same period last year[47] - The total comprehensive income for the period was ¥62,239,468.47, compared to ¥43,563,048.99 in the previous period, indicating strong overall performance[48] Earnings and Shares - Basic earnings per share decreased by 48.75% to ¥0.2151 compared to the same period last year[7] - Basic earnings per share for Q3 2018 was ¥0.2151, down from ¥0.4197 in the same quarter last year[40] - Basic and diluted earnings per share were both ¥0.5860, compared to ¥1.23 in the previous period[48] - Basic earnings per share for Q3 2018 were CNY 0.4164, down from CNY 1.03 in the same quarter last year[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥456,625,822.19, an increase of 6.05% compared to the previous year[7] - The total assets of the company reached ¥456,625,822.19, up from ¥430,579,883.40, reflecting a growth of approximately 6.1%[32] - The total liabilities increased to ¥70,574,436.67 from ¥46,807,313.48, which is an increase of about 50.8%[32] - Total assets increased to ¥459,823,909.17, compared to ¥431,676,480.91 at the beginning of the period, reflecting a growth of 6.5%[35] - Current assets totaled ¥330,323,160.32, up from ¥304,656,553.81, indicating a rise of 8.4%[35] - Total liabilities amounted to ¥148,293,526.72, an increase of 42.4% from ¥104,078,977.38 at the start of the period[35] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥7,084,277.29, a decline of 48.72%[7] - Cash flow from operating activities decreased by 48.72% to ¥7,084,277.29, mainly due to increased project costs and delayed payment collection[17] - Cash flow from operating activities generated a net amount of CNY 7,084,277.29, down 48.8% from CNY 13,815,215.17 in the previous year[52] - Investment activities generated a net cash flow of CNY 73,473,822.89, compared to a negative cash flow of CNY 6,658,779.28 in the previous year[54] - Financing activities resulted in a net cash outflow of CNY 59,428,225.03, contrasting with a net inflow of CNY 145,706,814.54 in Q3 2017[54] Shareholder Information - The company reported a total of 8,421 common shareholders at the end of the reporting period[11] - The largest shareholder, Jiang Feng, holds 44.93% of the shares, totaling 47,354,615 shares[11] - The company issued a notice regarding share reduction plans from major shareholders, with a total potential reduction of up to 5,758,733 shares, representing approximately 5.47% of total shares[19] Investment and Expenses - Research and development expenses were ¥3,547,160.37, a decrease of 39.5% compared to ¥5,874,759.43 in the previous year[38] - Research and development expenses increased to ¥10,620,283.01, up from ¥8,255,500.92, reflecting a focus on innovation[45] - Sales expenses increased by 66.47% to ¥13,858,908.44, primarily due to a rise in the number and compensation of marketing personnel[16] - The company reported an investment income of ¥2,438,231.31, contributing positively to the overall profit[45] Asset Management - The company reported a 222.83% increase in asset impairment losses, totaling ¥6,827,422.88, attributed to an increase in accounts receivable[17] - The company experienced an increase in asset impairment losses, which rose to ¥6,827,422.88 from ¥2,114,841.97, indicating potential challenges in asset management[45] Branch and Operations - The company has established a new branch in Xiong'an, with business operations actively underway[21] - The company has completed the registration of its Xiong'an branch and is in the process of setting up basic accounts[21] Compliance and Commitments - There were no overdue commitments from major shareholders or related parties during the reporting period[23] - The company reported no violations regarding external guarantees during the reporting period[25] - The company has no non-operating fund occupation by controlling shareholders or related parties[25] Other Income - Other income for the period was reported at ¥3,225,505.84, up from ¥1,154,069.00, showcasing improved operational efficiency[45]

Financial Performance - Total revenue for the first half of 2018 was CNY 155,899,746.07, representing a 36.94% increase compared to CNY 113,848,998.94 in the same period last year[17]. - Net profit attributable to shareholders was CNY 39,099,438.36, a 50.29% increase from CNY 26,015,664.39 year-on-year[17]. - Net profit after deducting non-recurring gains and losses was CNY 34,177,169.53, up 34.38% from CNY 25,433,423.40 in the previous year[17]. - Basic and diluted earnings per share decreased to CNY 0.37, down 54.32% from CNY 0.81 in the previous year[17]. - The weighted average return on equity was 9.69%, down 8.03% from 17.72% in the same period last year[17]. - The company reported a total comprehensive income of ¥39,171,542.57, compared to ¥25,957,698.74 previously, marking an increase of approximately 51.0%[162]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2018, representing a 25% growth compared to the same period last year[87]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 6,509,962.21, worsening by 183.76% compared to negative CNY 2,294,146.07 in the same period last year[17]. - The net cash flow from investing activities was ¥115,173,804.52, a significant improvement compared to -¥1,237,635.31 in the previous year, primarily due to the purchase of financial products[45]. - The company's cash and cash equivalents decreased by 73.70% to ¥48,295,278.31, influenced by the investment in financial products and dividend distribution[45]. - The total assets at the end of the reporting period were CNY 423,156,810.77, a decrease of 1.72% from CNY 430,579,883.40 at the end of the previous year[17]. - The company's total current asset of CNY 321,279,721.53, a decrease of 1.6% from CNY 327,809,151.94 at the beginning of the period[151]. - Cash and cash equivalents increased significantly to CNY 100,570,150.29 from CNY 49,608,773.65, representing a growth of 102.0%[151]. Business Operations - The company focuses on providing comprehensive interior design services, covering various sectors including commercial, hotel, and healthcare buildings[24]. - The company operates primarily through public bidding and client commissions, with no significant changes in its main business during the reporting period[27]. - The company has established a project-based management system, enhancing operational efficiency and responsiveness to client needs, which contributed to revenue growth[40]. - The company is expanding its business scope by integrating architectural design with interior and electromechanical design services, enhancing its market competitiveness[41]. - The company has established branches in major cities across China, creating a nationwide client resource network[33]. Research and Development - Research and development expenses surged by 197.10% to ¥7,073,122.64, indicating a significant increase in R&D investment[45]. - The company aims to increase its R&D expenditure to 100 million RMB in 2019, focusing on sustainable design technologies[90]. - Investment in new product development increased by 30%, focusing on innovative design solutions to enhance market competitiveness[90]. Market Position and Recognition - The company has been recognized as a high-tech enterprise and has received multiple awards, including being ranked 31st globally in interior design and 3rd in commercial design by INTERIOR DESIGN magazine[26]. - The company has established a strong brand presence with specialized service brands, enhancing overall market recognition and customer acceptance[30]. - The company ranked 31st in the global interior design rankings and 3rd in the commercial design sector according to the 2018 list by INTERIOR DESIGN magazine[43]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has committed to not transferring or entrusting shares for 12 months post-IPO for specific stakeholders[80]. - The company’s total number of shares increased to 105,400,000 after the implementation of the 2017 annual equity distribution plan on June 29, 2018[127]. - The company’s independent audit firm provided audited financial data for the profit distribution plan[122]. Risks and Challenges - The company faces various risks including macroeconomic fluctuations and market expansion risks[4]. - The company emphasizes the importance of retaining key design talent to mitigate risks associated with human resource management[72]. - The company is actively processing the renewal application for the high-tech enterprise status, which may impact future operating performance if tax incentives change[74].

Financial Performance - Total revenue for Q1 2018 was CNY 62,383,983.31, representing a 27.42% increase compared to CNY 48,958,226.12 in the same period last year[7]. - Net profit attributable to shareholders was CNY 17,157,007.88, a 65.39% increase from CNY 10,373,356.46 year-on-year[7]. - Net profit excluding non-recurring items was CNY 14,957,341.06, up 52.45% from CNY 9,811,190.86 in the previous year[7]. - Basic earnings per share increased by 24.24% to CNY 0.41 from CNY 0.33 in the same period last year[7]. - The operating profit reached 19.9945 million RMB, reflecting a growth of 48.15% year-on-year[23]. - The total comprehensive income for the period was CNY 16,798,847.60, compared to CNY 10,559,562.43 in the previous year, marking a rise of 58.7%[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 440,650,287.39, a 2.34% increase from CNY 430,579,883.40 at the end of the previous year[7]. - Total liabilities decreased to CNY 38,940,769.97 from CNY 46,807,313.48, a reduction of about 16.4%[44]. - Total equity increased to CNY 401,709,517.42 from CNY 383,772,569.92, showing a growth of approximately 4.7%[45]. - Cash and cash equivalents at the end of the reporting period amounted to 82.1243 million RMB, a 65.54% increase from the beginning of the period[20]. Cash Flow - The company reported a net cash flow from operating activities of CNY -7,021,856.06, an improvement of 58.39% from CNY -16,875,733.45 in the previous year[7]. - The cash flow from operating activities was CNY 51,724,945.49, significantly higher than CNY 35,781,104.07 in the same quarter last year[57]. - The net cash flow from investment activities was 39,537,382.15 CNY, recovering from -82,659.33 CNY in the previous period[59]. - The net increase in cash and cash equivalents was 32,515,518.26 CNY, compared to a decrease of -21,607,442.70 CNY in the previous period[59]. Expenses - Marketing expenses increased by 37.75% to 4.3878 million RMB, driven by a rise in the number of marketing personnel and total compensation[21]. - Management expenses rose by 37.3% to 9.9416 million RMB, attributed to increased R&D expenditures and stock-based compensation[21]. - The company's sales expenses increased to CNY 4,387,820.47, up 37.7% from CNY 3,185,360.72 in Q1 2017[51]. Investments and R&D - The company capitalized CNY 1,690,000 in R&D expenses in 2017, accounting for 0.68% of total revenue and 2.71% of net profit attributable to shareholders[12]. - The investment progress for the headquarters operation center expansion project is 85.08%[31]. - The investment progress for the enterprise information technology construction project is 50.81%[31]. Risks and Management - The company faces risks related to macroeconomic fluctuations, market expansion, and receivables management, which could impact future performance[10][11][12]. - The company has implemented a project recommendation and incentive mechanism to enhance marketing efforts and has optimized its internal management systems[25]. - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[29]. Shareholder Information - The company plans to distribute cash dividends of RMB 15 per 10 shares and increase its total share capital to 105,400,000 shares through a capital reserve transfer[28]. - The proposed cash dividend is 15 RMB per 10 shares, totaling 63,240,000 RMB based on 42,160,000 shares[33].