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]

Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, based on a total of 182,511,600 shares [4]. - The company plans to distribute cash dividends of 3.00 yuan per 10 shares, totaling 54,753,480 yuan, which is 100% of the distributable profit for the year [123]. - The cash dividend total (including other forms) for 2019 was 54,765,120.00, maintaining a similar percentage of 46.41% of the net profit attributable to ordinary shareholders [128]. - The cash dividends for the years 2017, 2018, and 2019 show a consistent approach to shareholder returns despite fluctuations in net profit [128]. Financial Performance - The company's operating revenue for 2019 was CNY 931,859,495.51, representing a year-on-year increase of 16.44% [17]. - The net profit attributable to shareholders for 2019 was CNY 117,970,672.97, an increase of 41.70% compared to the previous year [17]. - The company achieved a basic earnings per share of CNY 0.65, up 41.30% from CNY 0.46 in 2018 [17]. - Total assets at the end of 2019 amounted to CNY 1,129,107,737.92, a growth of 19.31% compared to the previous year [17]. - The company achieved total operating revenue of 931.86 million yuan, an increase of 16.44% compared to the previous year [48]. - Operating profit reached 133.44 million yuan, up 50.33% year-on-year, while total profit amounted to 133.27 million yuan, reflecting a 40.65% increase [48]. Market Expansion and Strategy - The company focuses on high-end educational and cultural products, primarily targeting the North American and parts of the European markets [27]. - The company has established various subsidiaries, including those in the United States and Vietnam, to expand its market presence [8]. - The company has established a production base in Vietnam and a trade center in Hong Kong to enhance market expansion [27]. - The company is actively developing new brands and increasing domestic brand awareness through e-commerce channels like Tmall and JD.com [34]. - The company aims to enhance its market position by focusing on high-value, personalized, and fashionable products for mid-to-high-end customers [44]. Research and Development - The company's R&D investment for 2019 was CNY 58.46 million, accounting for 6.27% of its revenue, showing a consistent commitment to innovation [45]. - The company received over 400 innovation proposals in 2019, successfully implementing more than ten, which contributed to enhancing product delivery times and economic benefits [44]. - The company is focused on product innovation, with over 50 product lines and continuous iteration every six months [29]. - The company aims to enhance its R&D capabilities by establishing a new product R&D department and a sewing products department, focusing on innovative materials and processes [117]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential risks in the outlook section of the report [4]. - The company faces risks related to raw material price fluctuations, which can significantly impact its operating costs and profit margins [119]. - The company has implemented measures to mitigate accounts receivable risks, including credit insurance and optimizing customer credit management [119]. Corporate Governance - The company has appointed a certified public accounting firm to ensure the accuracy of its financial reports [15]. - The company’s legal representative is Ren Zhaoguo, who oversees its corporate governance [12]. - The company has committed to minimizing related party transactions and ensuring fairness in pricing and conditions for any unavoidable transactions [136]. - The company emphasizes adherence to corporate governance standards in managing related party transactions and protecting shareholder rights [136]. Social Responsibility - The company actively participated in social responsibility initiatives, including providing employment opportunities for 5 individuals from impoverished backgrounds [189]. - The company donated special stationery gift boxes to over 700 left-behind children in various provinces [189]. - The company has committed to fulfilling its social responsibilities by supporting community welfare and environmental protection initiatives [185]. Accounting and Compliance - The company implemented changes to its accounting policies in response to the Ministry of Finance's notification regarding the revised financial statement format for 2019 [145]. - The company will execute the revised accounting standards for its interim and annual financial statements starting from the 2019 reporting period [145]. - The company has not reported any significant accounting errors or changes in accounting estimates during the reporting period [144]. - The company has not engaged in any related party transactions during the reporting period, ensuring transparency in its operations [167].

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].

Financial Performance - Total operating revenue for Q1 2019 was ¥170,030,587.16, an increase of 18.83% compared to ¥143,082,757.98 in the same period last year[7] - Net profit attributable to shareholders was ¥8,927,070.16, representing a significant increase of 406.33% from ¥1,763,095.32 year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,933,527.14, up 417.80% from a loss of ¥1,552,411.78 in the previous year[7] - Basic earnings per share increased to ¥0.07, up 250.00% from ¥0.02 in the previous year[7] - The company's net profit attributable to the parent company was 8.93 million, a significant increase of 406.33% year-on-year, driven by enhanced domestic and international market development[17] - The company reported a total comprehensive income of CNY 8,759,978.18 for Q1 2019, compared to CNY 1,504,616.88 in the previous year, an increase of 481.5%[43] - The net profit for the first quarter of 2019 was CNY 6,391,034.78, a significant increase compared to CNY 44,155.53 in the same period last year, reflecting a strong recovery in performance[46] Cash Flow - Net cash flow from operating activities was ¥2,273,521.81, a turnaround from a negative cash flow of ¥48,552,041.61 in the same period last year, marking a 104.68% improvement[7] - Cash received from sales of goods and services was 174.97 million, reflecting a 33.91% increase due to higher customer repayments within the credit period[16] - The company received CNY 15,491,628.32 in tax refunds, an increase from CNY 10,053,755.44 in the previous year, contributing positively to cash flow[50] - The net cash flow from operating activities was -2,191,976.59 CNY, an improvement from -38,929,904.09 CNY in the previous year[54] - Total cash inflow from investment activities was 179,590,975.72 CNY, significantly higher than 1,007,671.23 CNY in the same period last year[54] - The net cash flow from financing activities was 3,925,524.59 CNY, compared to -8,040,580.82 CNY in the previous year[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥958,275,859.17, a slight increase of 1.26% from ¥946,372,489.96 at the end of the previous year[7] - Total current assets decreased to CNY 650,496,590.40 from CNY 692,525,220.70, a decline of approximately 6.06%[32] - Total non-current assets increased to CNY 307,779,268.77 from CNY 253,847,269.26, an increase of approximately 21.23%[32] - Total liabilities increased to CNY 307,906,334.59 from CNY 305,114,874.72, a growth of approximately 0.92%[33] - Total equity increased to CNY 650,369,524.58 from CNY 641,257,615.24, an increase of about 1.74%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,587[11] - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., held 31.13% of the shares, totaling 37,350,000 shares[11] Research and Development - Research and development expenses rose to 11.60 million, a 47.91% increase due to increased investment in new technology development[16] - Research and development expenses for Q1 2019 were CNY 11,598,919.57, up 48.5% from CNY 7,841,694.01 in the same period last year[40] Government Support - The company received government subsidies amounting to ¥2,603,670.08 during the reporting period, which contributed to the net profit[8] Investment Activities - The total amount of raised funds is CNY 36,452.45 million, with CNY 2,854.64 million invested in the current quarter[24] - Cumulative investment of raised funds amounts to CNY 15,146.55 million, representing 41.5% of the total raised funds[24] - The green cultural creative product expansion project has achieved 31.25% of its expected investment progress as of September 19, 2019[25] - The R&D design center construction project is expected to reach usable status by June 30, 2019, with 78.36% of the planned investment completed[25] Operational Efficiency - Operating profit reached CNY 8,609,442.03, compared to a loss of CNY 862,946.88 in the previous year, indicating improved operational efficiency[46] - The gross profit margin improved due to the scale effect from revenue growth, contributing to the increase in net profit[17] Market Expansion - The company plans to expand its business from paper products to a broader cultural and creative market, enhancing competitiveness through innovation[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46]

Financial Performance - The company's operating revenue for 2018 was ¥800,272,710.72, representing an increase of 18.13% compared to ¥677,478,338.42 in 2017[17]. - The net profit attributable to shareholders for 2018 was ¥83,255,917.81, a growth of 37.55% from ¥60,526,037.28 in 2017[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,659,953.05, up 57.88% from ¥44,121,194.23 in 2017[17]. - The total operating revenue for 2018 reached ¥800,272,710.72, representing an 18.13% increase from ¥677,478,338.42 in 2017[51]. - The revenue from the fashion stationery category was ¥457,205,698.34, accounting for 57.13% of total revenue, with a year-on-year growth of 32.40%[51]. - The company reported a significant increase in revenue from Asia (excluding China) by 356.95%, reaching ¥46,182,012.53[52]. - The company reported a total of 19,575,000 shares held by directors and senior management at the end of the reporting period, with a net increase of 652,500 shares during the year[195]. Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling 120,000,000 shares, and will also increase capital by 5 shares for every 10 shares held[4]. - The 2018 profit distribution plan includes a cash dividend of 3.00 RMB per 10 shares, totaling 36 million RMB, with a capital reserve increase of 5 shares for every 10 shares held, raising total shares to 180 million[108][110]. - The cash dividend payout ratio for 2018 was 43.24% of the net profit attributable to shareholders, compared to 46.26% in 2017 and 39.69% in 2016[113]. - The company has a profit distribution policy that ensures at least 10% of the distributable profit is allocated as cash dividends each year[122]. - The company will prioritize cash dividends when conditions are met, with stock dividends being implemented only under specific circumstances[123]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential risks in the outlook section of the report[4]. - The company faces risks related to high dependence on overseas markets, particularly North America, where fluctuations could impact revenue growth[100]. - The company plans to implement a foreign exchange hedging management system to mitigate exchange rate risks, focusing on normal operations and specific business activities[102]. - The company aims to enhance its supply chain management and strategic procurement to mitigate risks from raw material price fluctuations, which significantly impact operating costs[102]. - The company has taken measures to manage the risk of uncollected accounts receivable by obtaining export credit insurance and optimizing customer credit management[103]. Research and Development - R&D expenditure for 2018 was CNY 54.19 million, accounting for 6.77% of revenue, with a year-on-year increase in design outputs by 7.02%[40][46]. - The company obtained a total of 245 patents by the end of 2018, including 22 invention patents, 166 utility model patents, and 57 design patents[40][46]. - The company has a robust R&D mechanism focused on product innovation, collaborating closely with U.S. retailers[34]. - The company is investing heavily in R&D, allocating 10% of its revenue towards developing new technologies and products[199]. - The company emphasizes the importance of continuous innovation in R&D to meet market demands and avoid stagnation in growth[100]. Market Strategy - The company focuses on high-end educational and cultural products, exporting to over 40 countries and regions including the US, Europe, and Australia[28]. - The company aims to enhance its product development and innovation management system to meet diverse customer needs[28]. - The company aims to strengthen its market position in North America while actively exploring opportunities in Europe and Australia, focusing on a "one main, two wings" strategy[96]. - The company is actively developing domestic markets and exploring e-commerce operations to counter potential impacts from US-China trade tensions[104]. - The company aims to increase its online sales channel contribution to 40% of total sales by the end of 2023[199]. Operational Efficiency - The company has implemented a lean production management model to improve operational efficiency and reduce costs[47]. - Operational efficiency improvements have led to a 5% reduction in costs, positively impacting the overall profit margin[200]. - The company completed 57 mechanization upgrades in 2018, significantly enhancing production efficiency and laying a solid foundation for 2019 targets[52]. - The company has established a dual-base model in Ningbo and Anhui to create flexible production lines[28]. - The company has established a strong online and offline sales strategy, including partnerships with major e-commerce platforms[29]. Corporate Governance - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[114]. - The company’s actual controller has committed to not transferring or entrusting shares for 36 months post-IPO[116]. - The company has established a clear policy regarding share transfer limitations for its directors and executives during and after their tenure[116]. - The company has committed to not engaging in any business that directly or indirectly competes with its operations, ensuring no new investments or acquisitions in similar businesses[124]. - The company has established procedures to ensure that related party transactions do not harm the interests of minority shareholders[126]. Social Responsibility - The company has been actively fulfilling its social responsibilities since its establishment in 2001, focusing on ethical practices and community engagement[165]. - The company emphasizes employee development and welfare, providing benefits according to national standards and regulations[167]. - The company is involved in a project aimed at promoting art education in underdeveloped areas, aligning with national poverty alleviation policies[167]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities and have not experienced any environmental accidents during the reporting period[170]. - The company has committed to compensating any losses incurred by shareholders due to non-compliance with its commitments[125].

宁波创源文化发展股份有限公司 2018 年第三季度报告全文 宁波创源文化发展股份有限公司 2018 年第三季度报告 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 2018 年第三季度报告全文 2018-068 2018 年 10 月 1 宁波创源文化发展股份有限公司 2018 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） | 932,230,492.95 | 808,451,792.56 | | 15.31% | | 归属于上市公司股东的净资产 | ...

Financial Performance - Total operating revenue for the reporting period reached ¥370,459,014.50, an increase of 14.48% compared to ¥323,599,919.44 in the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥29,798,576.60, representing a growth of 23.61% from ¥24,106,284.69 year-on-year[18]. - Basic earnings per share decreased by 7.41% to ¥0.25 from ¥0.27 in the same period last year[18]. - The total profit reached 39.34 million yuan, an increase of 34.36% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥23,479,856.36, a modest increase of 3.97% from ¥22,584,080.44 year-on-year[18]. - The total comprehensive income for the period was CNY 29,836,714.59, compared to CNY 23,821,772.08 in the same period last year[155]. - The company reported a decrease in total comprehensive income of 102,394.38, with a total of 23,821,772.08 for the current period[172]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at ¥41,157,608.93, a decline of 198.04% compared to a positive cash flow of ¥41,978,838.98 in the previous year[18]. - The cash flow from operating activities was CNY 307,514,327.39, down from CNY 349,112,092.17 in the same period last year[161]. - The company reported a net increase in cash and cash equivalents of -7,294,999.46 CNY for the current period[163]. - The total cash and cash equivalents at the end of the period were 123,415,980.78 CNY, down from 130,710,980.24 CNY at the beginning of the period[163]. - The company reported a significant increase in accounts receivable, indicating potential risks in cash flow management as business scales up[79]. Assets and Liabilities - Total assets increased by 10.07% to ¥889,878,996.59 from ¥808,451,792.56 at the end of the previous year[18]. - Total liabilities rose to CNY 302,891,048.24, up from CNY 224,430,558.80, indicating an increase of about 34.9%[146]. - The company's total assets reached CNY 889,878,996.59, compared to CNY 808,451,792.56 in the previous period, marking an increase of about 10%[147]. - The total liabilities to equity ratio increased, indicating a higher leverage position for the company compared to the previous period[146]. Investment and R&D - The company invested 17.31 million yuan in R&D in the first half of 2018, accounting for 4.67% of revenue[34]. - The company is enhancing its product design and technological innovation capabilities to strengthen market competitiveness[38]. - The company is actively researching and designing products to meet market demands, particularly for major clients, indicating a proactive approach to market trends[40]. - The company has established a creative design center in the United States and utilizes an internet platform for product development, enhancing its market responsiveness[25]. Market and Business Strategy - The company is focusing on expanding its market presence in the U.S. and Europe, achieving significant progress in these regions[28]. - The craft and stationery industry is experiencing stable growth, with the global stationery market projected to grow at an annual rate of 3.9% from 2014 to 2020[29]. - The company is actively exploring the feasibility of establishing production bases in other countries to diversify its market presence[80]. - The company plans to enhance its market presence by establishing a domestic marketing department and expanding into the domestic cultural products market[77]. Shareholder and Equity Information - The company has not distributed cash dividends or bonus shares for the first half of 2018[84]. - The largest shareholder, Ningbo Beilun Helix Management Consulting Co., Ltd., holds 31.13% of the shares, totaling 37,350,000 shares, with an increase of 12,450,000 shares during the period[127]. - The total number of ordinary shareholders at the end of the reporting period was 17,750[126]. - The company plans to release restricted shares on September 19, 2018, due to capital reserve transfer[124]. Compliance and Governance - The company has not reported any significant changes in its accounting policies or financial reporting standards during the reporting period[19]. - The financial report for the half-year period was not audited[143]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its ability to operate[184]. - The financial statements comply with the requirements of the accounting standards and reflect the company's financial position as of December 31, 2017, and its operating results for the year 2017[186].

Financial Performance - Total revenue for Q1 2018 was ¥143,082,757.98, a decrease of 2.37% compared to ¥146,556,677.26 in the same period last year[7] - Net profit attributable to shareholders was ¥1,763,095.32, down 89.87% from ¥17,401,964.80 year-on-year[7] - Basic earnings per share decreased by 93.10% to ¥0.02 from ¥0.29 in the same period last year[7] - The company reported a 84.92% decrease in income tax expenses to RMB 595,087.64, correlating with a reduction in total profit[20] - The company recorded a total operating loss of CNY -862,946.88, contrasting with an operating profit of CNY 17,335,178.50 in the previous year[47] - The company’s total comprehensive income for Q1 2018 was CNY 44,155.53, a stark decrease from CNY 15,467,327.48 in the same quarter last year[48] Cash Flow and Liquidity - Net cash flow from operating activities was -¥48,552,041.61, a decline of 358.70% compared to ¥18,767,706.91 in the previous year[7] - Cash and cash equivalents decreased by 40.85% from RMB 143.71 million to RMB 84.99 million due to payments for salaries, bonuses, and loan repayments[19] - The company's cash and cash equivalents decreased from ¥143,710,980.24 at the beginning of the period to ¥84,997,994.34 at the end, representing a decline of approximately 40.5%[35] - The net cash flow from operating activities was -38,929,904.09, a significant decrease compared to 10,994,349.66 in the previous year[55] - The net increase in cash and cash equivalents was -57,221,463.97, compared to -2,667,304.56 in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥778,016,944.91, down 3.76% from ¥808,451,792.56 at the end of the previous year[7] - Total current assets decreased from ¥606,995,186.77 to ¥570,597,142.97, a reduction of about 6.0%[35] - Total liabilities decreased from ¥224,430,558.80 to ¥192,491,094.27, a decrease of about 14.2%[37] - The company's total equity increased slightly from ¥584,021,233.76 to ¥585,525,850.64, an increase of approximately 0.3%[38] Operational Efficiency - Total operating costs increased to CNY 145,349,511.00 from CNY 127,645,566.52, with operating costs specifically rising to CNY 101,800,774.58 from CNY 95,450,790.17[44] - Sales expenses increased by 40.84% to RMB 10.81 million, mainly due to higher transportation costs and sales personnel salaries[20] - The company plans to enhance efficiency and profitability in 2018, focusing on product technology and marketing capabilities[25] Market Strategy and Risk Management - The company plans to enhance its market layout by establishing a domestic market department to reduce reliance on overseas markets[10] - The company will implement foreign exchange hedging management to mitigate risks associated with currency fluctuations[10] - The company aims to strengthen its R&D capabilities to meet market demands and enhance product differentiation[11] - The company has taken measures to mitigate accounts receivable risks by obtaining export credit insurance[11] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,878[15] - The top ten shareholders hold a combined 55.14% of shares, with the largest shareholder owning 31.13%[15] - The top five suppliers accounted for 29.24% of total purchases, with total procurement from them reaching 292.77 million yuan, a 29.24% increase year-on-year[24] - The top five customers contributed 48.69% of total sales, with sales amounting to 696.61 million yuan, showing a slight decrease from the previous year[24]