Financial Performance - The company's operating revenue for Q1 2021 was ¥254,663,413.23, representing a 101.94% increase compared to ¥126,108,081.96 in the same period last year[7]. - The net profit attributable to shareholders was ¥2,722,501.81, a significant recovery from a loss of ¥9,849,397.19 in the previous year[7]. - The basic earnings per share for the period was ¥0.0148, recovering from a loss of ¥0.05 per share in the previous year[7]. - The company's operating revenue for Q1 2021 reached ¥254.66 million, a year-on-year increase of 101.94% due to increased orders in traditional business and growth in the sports and paper trading sectors[22]. - The net profit attributable to the parent company was ¥2.72 million, an increase of ¥12.57 million compared to the same period last year[25]. - The company reported a significant increase in contract liabilities, reaching ¥31.82 million, a rise of 874.39% due to customer prepayments[21]. - The company reported a profit before tax of CNY 5,965,299.23, recovering from a loss of CNY 9,189,668.44 in the same period last year[52]. - The total comprehensive income for the first quarter was CNY 5,173,405.17, compared to a loss of CNY 8,775,677.49 in the previous year[53]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥81,578,089.24, a decrease of 7,692.02% compared to ¥1,074,524.63 in the same period last year[7]. - Cash received from sales of goods and services was ¥251.30 million, up 27.36% year-on-year, driven by increased sales and improved collections[24]. - Cash flow from operating activities was CNY 251,303,277.08, an increase from CNY 197,311,601.19 in the previous period[59]. - The company's cash and cash equivalents decreased from CNY 271,476,338.89 on December 31, 2020, to CNY 253,254,639.28 on March 31, 2021, representing a decline of approximately 6.5%[42]. - The ending balance of cash and cash equivalents was CNY 215.28 million, down from CNY 324.63 million at the end of the previous year[61]. - The company reported a net cash decrease of CNY 11.57 million for the period, contrasting with an increase of CNY 67.12 million in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,470,200,003.39, an increase of 5.11% from ¥1,398,743,532.57 at the end of the previous year[7]. - The total liabilities included long-term borrowings of ¥70.64 million, indicating an increase in financing activities[21]. - The total liabilities increased to CNY 731,958,386.56 from CNY 667,502,847.67, marking an increase of about 9.6%[45]. - The total equity attributable to shareholders rose to CNY 714,295,072.89 from CNY 710,342,832.36, indicating a marginal increase of 0.4%[45]. - Accounts receivable increased by 160.85% to ¥275,709,603.94 due to sales growth and extended payment terms[20]. - Accounts payable increased by 59.04% to ¥118,221,188.08 driven by business growth and increased procurement[20]. Investments and Expenditures - Research and development expenses rose to ¥13.30 million, a 41.49% increase, reflecting higher investment in R&D[22]. - The company has invested in a production base in Vietnam to enhance its international market presence, particularly in Southeast Asia[34]. - The company has implemented strict budget management and cost control measures, resulting in savings on some fundraising expenditures[35]. - The company reported a decrease in inventory to CNY 62,435,473.53 from CNY 55,765,349.45, which is an increase of about 12.0% year-over-year[45]. Strategic Initiatives - The company aims for transformation and upgrading in 2021, focusing on digital innovation and management reforms[27]. - The company is developing new products and enhancing customer engagement through strategic partnerships and market data analysis[29]. - The company is addressing macroeconomic uncertainties and talent shortages by strengthening product development and management systems[30]. - The company has established a new management team to optimize organizational structure and improve operational efficiency[28]. - The company is focusing on enhancing its online presence and sales conversion rates through improved website traffic and social media marketing[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,779[11]. - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., held 30.71% of the shares, totaling 56,449,500 shares[11]. - The top five suppliers accounted for 52.46% of total procurement, up from 24.63% in the previous year, indicating a shift in supplier dynamics[25]. - The top five customers contributed ¥11.97 million in sales, representing 36.29% of total sales, compared to 37.71% in the previous year[26].

宁波创源文化发展股份有限公司 2020 年第一季度报告全文 宁波创源文化发展股份有限公司 2020 年第一季度报告（更新后） 2020-044 2021 年 07 月 1 宁波创源文化发展股份有限公司 2020 年第一季度报告全文 第一节 重要提示 2 宁波创源文化发展股份有限公司 2020 年第一季度报告全文 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。 公司是否需追溯调整或重述以前年度会计数据 公司负责人任召国、主管会计工作负责人邓建军及会计机构负责人(会计主 管人员)王飒声明：保证季度报告中财务报表的真实、准确、完整。 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 126,108,081.96 | 170,030,587.16 | -25.83% | | 归属于上市公司股东的净利润（元） | ...

宁波创源文化发展股份有限公司 2021 年第一季度报告全文 宁波创源文化发展股份有限公司 2021 年第一季度报告 2021-042 2021 年 04 月 1 宁波创源文化发展股份有限公司 2021 年第一季度报告全文 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。 公司负责人任召国、主管会计工作负责人杜俊伟及会计机构负责人(会计主 管人员)王飒声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波创源文化发展股份有限公司 2021 年第一季度报告全文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 329,735,486.89 | 126,108,081.96 | 161.47% | | 归属于上市公司股东的净利润（元） | 2,722, ...

Financial Performance - Operating revenue for the reporting period reached ¥343,001,957.19, reflecting a growth of 20.29% year-on-year[7] - Net profit attributable to shareholders decreased by 45.60% to ¥25,417,005.68 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥19,580,163.14, down 51.13% year-on-year[7] - Basic earnings per share fell to ¥0.1392, a decrease of 46.36% compared to the same period last year[7] - The weighted average return on equity was 3.59%, down 3.28% from the previous year[7] - Cash flow from operating activities decreased significantly by 65.51% to ¥19,746,445.82[7] - The company reported a decrease in income tax expenses by 32.17% to CNY 13,424,887.24 due to a decline in total profit[20] - Net profit for Q3 2020 was CNY 28,595,690.01, down from CNY 46,482,827.73 in Q3 2019, representing a decrease of approximately 38.6%[39] - The net profit for the current period is CNY 53,393,344.24, down from CNY 95,156,732.45 in the previous period, indicating a decrease of about 43.9%[47] - The total comprehensive income for the current period is CNY 19,624,757.74, down from CNY 44,972,007.00 in the previous period, indicating a decrease of about 56.4%[44] Assets and Liabilities - Total assets increased to ¥1,299,843,811.71, a rise of 15.12% compared to the end of the previous year[7] - Current liabilities rose to CNY 565,668,398.46 from CNY 399,583,283.32, indicating increased short-term financial obligations[31] - The company's total liabilities increased to CNY 388,486,341.67 from CNY 324,208,598.88 year-on-year[35] - Total liabilities amounted to CNY 408,971,635.97, with current liabilities at CNY 399,583,283.32[62] - The company's total equity reached CNY 720,136,101.95, including CNY 182,550,400.00 in share capital and CNY 290,750,292.67 in capital reserve[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,265[11] - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., holds 30.86% of the shares[11] Cash Flow - Cash flow from purchasing goods and services increased by 30.63% to CNY 512,364,925.59, driven by higher procurement[20] - Cash paid for operating activities rose by 41.55% to CNY 118,445,286.91, attributed to growth in cross-border e-commerce[20] - The cash flow from operating activities for the current period is CNY 7,036,629.74, significantly lower than CNY 84,253,449.27 in the previous period[54] - The net cash flow from operating activities for the current period is CNY 57,916,835.91, compared to CNY 60,661,544.14 in the previous period, reflecting a decrease of approximately 4.5%[56] Expenses - Sales expenses for the first three quarters increased by 91.24% to ¥94,190,182.85 from ¥49,252,047.45, driven by growth in cross-border e-commerce and related shipping and advertising costs[19] - Financial expenses increased by 226.01% to ¥7,793,660.87 from a negative ¥6,184,848.56, primarily due to increased exchange rate losses[19] - Research and development expenses for Q3 2020 were CNY 13,122,323.56, up from CNY 10,020,852.25 in the previous year, indicating a focus on innovation[38] - The total operating costs for the current period amount to CNY 771,115,068.28, up from CNY 619,595,509.44 in the previous period, which is an increase of about 24.4%[45] Inventory and Receivables - Accounts receivable increased by 39.49% to ¥248,582,778.29 compared to ¥178,210,442.03 at the end of 2019, primarily due to sales growth and extended payment terms[19] - Prepayments surged by 173.24% to ¥67,667,204.92 from ¥24,764,617.60, mainly due to advance payments for goods and increased operations at the new Vietnam factory[19] - Inventory rose by 67.84% to ¥167,023,114.89 from ¥99,514,266.94, attributed to increased raw material stock and inventory for cross-border e-commerce[19] Investment and Other Income - Investment income decreased by 65.05% to CNY 1,944,782.65 due to increased project investments and reduced financial management income[20] - Fair value changes resulted in a gain of CNY 701,699.65 from hedging activities[20] - Asset disposal income increased by 136.90% to CNY 4,398,888.00 primarily from real estate disposals[20] - Operating income rose by 400.14% to CNY 1,806,062.93 due to increased insurance claims received[20] Other Financial Metrics - The company reported a significant increase in construction in progress by 1,388.30% to ¥25,358,905.41 from ¥1,703,886.19, due to increased investment in fundraising projects and the establishment of new subsidiaries[19] - Intangible assets rose by 46.69% to ¥33,204,891.04 from ¥22,636,098.83, mainly due to the acquisition of new subsidiaries[19] - Goodwill was reported at ¥35,681,912.45, attributed to the acquisition of new subsidiaries[19] - The company has reported a tax expense of CNY 13,424,887.24 for the current period, down from CNY 19,791,713.17 in the previous period, indicating a decrease of about 32.4%[47] - The company has not yet audited its third-quarter report, which may affect the reliability of the financial data presented[67]

Corporate Governance and Structure - The company has a total of 45 subsidiaries, including wholly-owned and controlling subsidiaries[10]. - All directors attended the board meeting to review the report[4]. - The company has not reported any changes in its registered address or contact information during the reporting period[15]. - The company has established a wholly-owned subsidiary, Chuangyuan Industrial Park Management Co., Ltd., to implement its development strategy, with the investment agreement signed and registration completed[125]. - The company has established new subsidiaries, which currently have no significant impact on overall operations and performance[82]. Financial Performance - The company's operating revenue for the reporting period was ¥480,829,759.48, representing a 10.59% increase compared to ¥434,795,136.43 in the same period last year[19]. - The net profit attributable to shareholders decreased by 54.62% to ¥22,180,210.57 from ¥48,876,424.42 year-on-year[19]. - The net profit after deducting non-recurring gains and losses fell by 65.72% to ¥14,209,474.13 compared to ¥41,454,630.91 in the previous year[19]. - The total assets at the end of the reporting period were ¥1,115,576,546.09, down 1.20% from ¥1,129,107,737.92 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 4.39% to ¥685,214,364.97 from ¥716,667,355.43 at the end of the previous year[19]. Research and Development - The company invested 23.59 million yuan in R&D during the first half of 2020, accounting for 4.91% of operating revenue[43]. - The company has increased its investment in research and development to support product innovation and enhance brand value[35]. - The company is actively developing new products and technologies, aiming to transform from a trading company to a technology-driven enterprise[30]. - The company aims to enhance its R&D capabilities by developing new product categories and improving design value to meet market demands[87]. Market Strategy and Expansion - The company is focusing on high-end educational supplies, primarily targeting the North American and parts of the European markets[26]. - The company has established a production base in Vietnam and a trade center in Hong Kong to enhance its international supply chain[26]. - The company is expanding its overseas market presence through strategic investments and partnerships, particularly in the fashion and cultural products sector[33]. - The company is focusing on expanding product categories from traditional paper products to include health and fitness products, as well as home goods[46]. - The company is leveraging its regional supply chain advantages to collaborate with major clients like NetEase Cloud Music for ODM development[31]. Financial Management and Investments - The total amount of raised funds was ¥36,452.45 million, with ¥3,570.38 million invested during the reporting period[67]. - The company has implemented budget management to control costs and save part of the raised funds, resulting in interest income of 17,580.91 yuan from the raised funds during the storage period[71]. - The company has not encountered any issues in the use and disclosure of raised funds[71]. - The company reported a decrease in investment amount to ¥60,404,600.00, down by 6.43% compared to the previous year[64]. Risks and Challenges - The company is facing risks from macroeconomic uncertainties and potential impacts from Sino-U.S. trade tensions, which may affect operational profits[84]. - The company is exposed to raw material price fluctuations, which can significantly impact operating costs and profit margins[90]. - The company is facing risks related to talent resources not meeting long-term growth goals and is prioritizing human resource planning and talent acquisition[87]. - The company has implemented measures to manage accounts receivable risks, including obtaining export credit insurance and optimizing customer credit management[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 8,523[135]. - The largest shareholder, Ningbo Beilun Helix Pipe Co., holds 30.81% of shares, totaling 56,249,800 shares[136]. - The total number of restricted shares at the end of the period is 80,245,900, with 2,376,375 shares released during the reporting period[133]. - The company has a stock incentive plan that includes 2,526,100 shares under restriction, which will be released in phases[133]. Compliance and Reporting - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and results of operations[195]. - The company has implemented environmental protection measures and has not experienced any environmental accidents during the reporting period[121]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[78].

Financial Performance - Total revenue for Q1 2020 was ¥126,108,081.96, a decrease of 25.83% compared to ¥170,030,587.16 in the same period last year[7] - Net profit attributable to shareholders was -¥9,849,397.19, representing a decline of 210.33% from a profit of ¥8,927,070.16 in the previous year[7] - Net profit after deducting non-recurring gains and losses was -¥15,033,044.03, a decrease of 404.71% compared to ¥4,933,527.14 in the same period last year[7] - Basic and diluted earnings per share were both -¥0.05, a decrease of 171.43% from ¥0.07 in the same period last year[7] - The company's operating revenue for Q1 2020 was 126.11 million yuan, a decrease of 25.83% compared to the same period last year[21] - The net profit attributable to the parent company was -9.85 million yuan, a decline of 210.33% year-on-year, primarily due to delays in resuming work caused by the COVID-19 pandemic[21] - The total comprehensive income for the first quarter was CNY -8,775,677.49, compared to CNY 8,759,978.18 in the same period last year[48] Cash Flow and Liquidity - Net cash flow from operating activities was ¥1,074,524.63, down 52.74% from ¥2,273,521.81 in the previous year[7] - Cash and cash equivalents increased by 106.77% to ¥333,469,002.87 compared to ¥161,278,676.85 in the previous year, primarily due to increased working capital[17] - The cash inflow from operating activities amounted to CNY 215,843,307.19, an increase from CNY 199,422,689.85 in the previous period[54] - The cash inflow from financing activities was CNY 101,966,000.00, up from CNY 66,190,500.00 in the previous period[56] - The total cash and cash equivalents at the end of the period reached CNY 324,629,002.87, significantly higher than CNY 150,768,676.85 in the previous period[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,144,908,756.61, an increase of 1.40% from ¥1,129,107,737.92 at the end of the previous year[7] - Current liabilities increased to CNY 424,184,979.50 from CNY 399,583,283.32[39] - Total liabilities reached CNY 433,548,332.16, up from CNY 408,971,635.97[39] - Owner's equity decreased to CNY 711,360,424.45 from CNY 720,136,101.95[40] - Accounts receivable decreased from 178,210,442.03 to 105,697,120.16, indicating a reduction in outstanding payments[37] Expenses - Total sales expenses for Q1 2020 were ¥17,608,982.13, a 30.67% increase from ¥13,476,272.53 in Q1 2019, driven by higher platform, advertising, and transportation costs[17] - Management expenses increased by 35.94% to ¥27,666,708.77 from ¥20,352,576.76, primarily due to rising personnel costs[17] - Financial expenses decreased by 89.36% to ¥893,978.40 from ¥8,404,466.49, mainly due to reduced foreign exchange losses[17] Investments and Future Plans - The company plans to invest approximately 500 million yuan in establishing a new industrial park in Anhui, with an investment of about 180 million yuan from its own funds[25] - A total investment of 8 million USD will be made to increase the capital of its wholly-owned subsidiary in Singapore, which will subsequently invest in its subsidiary in Vietnam[26] - The company is increasing its investment in digital transformation to optimize business processes and reduce management costs[22] Market and Operational Strategy - The company aims to expand its market presence by focusing on domestic markets and enhancing its international marketing efforts, particularly in North America and Japan[21] - The ongoing global pandemic poses significant risks to the company's operations, leading to a strategic shift towards producing safety protection products[24] - The company is committed to enhancing its internal control systems and improving management levels to maintain stable operations[24] Shareholder Information - The company had a total of 10,241 common shareholders at the end of the reporting period[11] - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., held 30.69% of the shares, totaling 56,025,000 shares[11]

宁波创源文化发展股份有限公司 2019 年年度报告全文 2020 年 04 月 1 宁波创源文化发展股份有限公司 宁波创源文化发展股份有限公司 2019 年年度报告全文 2019 年年度报告 第一节重要提示、目录和释义 2020-032 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人任召国、主管会计工作负责人邓建军及会计机构负责人(会计主 管人员)王飒声明：保证年度报告中财务报告的真实、准确、完整。 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 创源文化、公司、本公司 | 指 | 宁波创源文化发展股份有限公司 | | 合力咨询 | 指 | 宁波市北仑合力管理咨询有限公司，公司控股股东 | | 宁波天堂硅谷 | 指 | 宁波天堂硅谷合众股权投资合伙企业（有限合伙），公司股东 | | 安徽创源 | 指 | 安徽创源文化发展有限公司，公司全资子公司 | | 纸器时代 | 指 | 宁波纸器时代文化发展股份有限公司，公司原控股子公司 | | 旦旦培训 | 指 | ...

宁波创源文化发展股份有限公司 2019 年第三季度报告全文 宁波创源文化发展股份有限公司 2019 年第三季度报告 公司负责人任召国、主管会计工作负责人邓建军及会计机构负责人(会计主 管人员)王飒声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波创源文化发展股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 2019-100 2019 年 10 月 1 宁波创源文化发展股份有限公司 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。 √ 适用 □ 不适用 单位：人民币元 | 项目 | 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） | 2,040,126.95 主要系处置不动产取得的收益 | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 | 10,651,855.24 主要系收到的政府补助 | | 一标准定额或 ...

Financial Performance - The company's total revenue for the reporting period was RMB 434,795,136.43, representing a 17.37% increase compared to RMB 370,459,014.50 in the same period last year [20]. - The net profit attributable to shareholders was RMB 48,876,424.42, a significant increase of 64.02% from RMB 29,798,576.60 in the previous year [20]. - The net cash flow from operating activities improved to RMB 26,994,428.72, a 165.59% increase from a negative RMB 41,157,608.93 in the same period last year [20]. - The company's total assets increased by 12.06% to RMB 1,060,469,222.84 from RMB 946,372,489.96 at the end of the previous year [20]. - The net assets attributable to shareholders rose to RMB 652,364,952.19, reflecting a 2.16% increase from RMB 638,547,077.28 at the end of the last year [20]. - The company achieved a profit margin of 13.67% for the reporting period, up from 8.04% in the previous year [27]. - The basic earnings per share increased to RMB 0.27, a rise of 58.82% from RMB 0.17 in the same period last year [20]. - The company reported a significant increase in sales expenses, which rose by 26.80% to RMB 31,315,758.34 from RMB 24,696,443.46 in the previous year [52]. - The company reported a net loss of CNY 138.93 thousand from its Vietnam operations, which represents 3.97% of the company's net assets [40]. Market Expansion and Strategy - The company plans to expand its domestic market presence through subsidiaries and enhance its online sales capabilities [28]. - The company is actively expanding its international market presence, focusing on high-end cultural consumer products, with exports to over 40 countries and regions [35]. - The company has established a differentiated development strategy, positioning its products as high-value, creative, and fun cultural items for mid-to-high-end families and social users overseas [34]. - The company is focusing on supplier collaboration and strategic procurement to manage raw material price volatility, which significantly affects operating costs [85]. - The company is actively developing new products and exploring market expansion in Europe and Southeast Asia to counteract potential impacts from US-China trade tensions [87]. Research and Development - The company is focused on developing new products and technologies to drive future growth [4]. - R&D investment for the first half of 2019 was CNY 22.59 million, accounting for 5.20% of revenue, with a year-on-year increase of 30.52% [46]. - The company holds a total of 267 patents, including 24 invention patents, 186 utility model patents, and 57 design patents as of June 2019 [43]. - The company has a strong R&D design capability, supported by an international and localized design team, enhancing its competitive edge in the market [38]. - The company has initiated an innovation proposal collection project, receiving 385 proposals to enhance innovation within the organization [47]. Financial Management and Investments - The total amount of funds raised by the company was RMB 39,660 million, with a net amount of RMB 36,452.45 million after deducting issuance costs [66]. - The company utilized RMB 4,673.66 million of the raised funds in the first half of 2019, with a cumulative usage of RMB 16,965.57 million [68]. - The company reported a significant increase in financial expenses, which rose by 333.06% to RMB 3,047,592.04, primarily due to foreign exchange losses [52]. - The company’s investment activities resulted in a cash outflow of RMB 51,824,664.79, a 320.47% increase in outflow compared to RMB -12,325,345.30 in the previous year [52]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period [75][76]. Corporate Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the financial report [3]. - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in the report [4]. - The company has not reported any issues with the use and disclosure of raised funds [71]. - The company has adhered to environmental protection laws and has not experienced any environmental accidents during the reporting period [118]. - The company's financial statements comply with the accounting standards and accurately reflect its financial position as of June 30, 2019 [192]. Shareholder Information - The company’s major shareholder, Ningbo Beilun Helix Management Consulting Co., held 31.13% of the shares, totaling 56,025,000 shares [132]. - The number of shareholders holding limited shares at the end of the reporting period was 64,125,000, representing 35.62% of total shares [127]. - The report indicates that there were no significant changes in the number of shareholders or shareholding structure during the reporting period [130]. - The company plans to continue monitoring shareholder dynamics and may adjust strategies accordingly [131]. Operational Efficiency - The company is transitioning from an OEM model to an ODM model, providing design and marketing services alongside production [36]. - The company has established a China marketing department to expand into the domestic cultural products market, leveraging its R&D and manufacturing advantages accumulated in overseas markets [84]. - The company has implemented measures to ensure compliance with wastewater and air emission standards [118]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to bolster its market position [177].