Financial Performance - The company's revenue for Q1 2023 reached ¥507,036,038.28, representing a 55.72% increase compared to ¥325,602,548.36 in the same period last year[5] - Net profit attributable to shareholders was ¥34,367,138.27, a significant increase of 300.26% from ¥8,586,259.32 year-on-year[5] - Basic earnings per share rose to ¥0.09, up 350.00% from ¥0.02 in the same quarter last year[5] - Net profit for Q1 2023 reached CNY 34,757,287.53, compared to CNY 7,840,202.57 in Q1 2022, marking a 343.5% year-over-year growth[22] - Earnings per share for Q1 2023 were CNY 0.09, up from CNY 0.02 in the previous year[22] Cash Flow - The net cash flow from operating activities improved to ¥16,299,395.61, a turnaround from a negative cash flow of ¥211,055,777.87 in the previous year, marking a 107.72% increase[11] - Total cash inflow from operating activities reached ¥756,540,254.35, up from ¥507,935,656.39 in the same period last year, indicating a growth of approximately 48.9%[25] - Cash outflow from operating activities was ¥740,240,858.74, slightly higher than ¥718,991,434.26 in Q1 2022, reflecting a 2.5% increase[25] - The net cash flow from financing activities was ¥138,835,467.42, a decrease from ¥512,264,098.95 in the same quarter last year[26] - The ending balance of cash and cash equivalents was ¥473,903,542.81, compared to ¥542,503,720.50 at the end of Q1 2022, indicating a decline of about 12.6%[26] Assets and Liabilities - Total assets increased by 4.48% to ¥6,417,213,846.78 from ¥6,141,884,381.15 at the end of the previous year[5] - The total liabilities as of Q1 2023 were CNY 4,015,144,427.65, an increase from CNY 3,774,572,249.55 in the previous year[21] - The total equity attributable to shareholders of the parent company was CNY 2,399,285,244.79, up from CNY 2,364,918,106.52[21] Research and Development - The company reported a 58.88% increase in R&D expenses, totaling ¥30,282,381.38, reflecting a commitment to innovation[10] - Research and development expenses increased to CNY 30,282,381.38, compared to CNY 19,060,043.19 in the same quarter last year, indicating a focus on innovation[21] Shareholder Information - The company has a share repurchase account holding 6,854,198 shares as of the reporting period[13] - The company’s major shareholders include Kairun Holdings Investment Co., Ltd. with 116,251,200 shares, representing a significant portion of the total shares[13] Strategic Initiatives - The company’s management indicated plans for future market expansion and potential new product development, although specific figures were not disclosed during the call[13] - The company is focusing on market expansion and product development as part of its strategic initiatives for future growth[20] Government Support - The company received government subsidies amounting to ¥33,803,001.08, a 415.38% increase compared to the previous year[10] Financial Expenses - The company reported a significant decrease in financial expenses, with a net financial cost of CNY 11,517,361.21 compared to a gain of CNY 1,881,184.03 in the previous year[21] Inventory and Receivables - Inventory levels rose significantly to CNY 226,313,226.14, compared to CNY 142,881,970.88 at the beginning of the year, marking an increase of around 58.3%[18] - Accounts receivable increased to CNY 1,756,406,749.11 from CNY 1,697,500,887.91, representing a rise of approximately 3.5%[18] - The company reported a decrease in notes receivable from CNY 252,591,328.49 to CNY 121,945,304.49, a decline of approximately 51.6%[18] Audit Information - The company did not conduct an audit for the Q1 report[27]

Financial Performance - The company reported a significant decline in performance due to high raw material prices and liquidity issues among real estate clients, leading to a bad debt provision of RMB 156.65 million[4]. - The company's operating revenue for 2022 was ¥2,127,605,220.02, a decrease of 17.72% compared to ¥2,585,783,925.51 in 2021[27]. - The net profit attributable to shareholders was -¥159,018,962.78, representing a decline of 321.09% from ¥71,923,477.59 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥173,623,637.99, a decrease of 672.54% compared to ¥30,325,113.85 in 2021[27]. - The company experienced a significant quarterly loss in Q4 2022, with a net profit of -¥181,404,115.13[31]. - The gross profit margin for waterproof materials sales was 20.32%, down 10.26% compared to the previous year[55]. - The company reported a net profit margin of 10% for the year 2022, indicating improved profitability compared to the previous year[111]. Business Strategy and Market Position - The main business remains stable, focusing on the research, production, and sales of new waterproof building materials, aligning with industry trends despite economic challenges[6]. - The company aims to become an internationally leading manufacturer of functional building materials, emphasizing innovation in waterproof systems and differentiated competition strategies[8]. - The waterproof building materials industry remains robust with no signs of overcapacity or technological obsolescence[7]. - The company is committed to balancing growth scale and operational quality while enhancing value for investors[8]. - The company has established long-term strategic partnerships with leading real estate developers such as Vanke and Poly, indicating potential for future growth in high-quality client numbers[49]. - The company aims to enhance its market position in the planting roof sector through innovative products that reduce carbon emissions during use[68]. - The company plans to expand its dealer network to cover major cities nationwide and develop a "full lifecycle photovoltaic roof system" to enhance product offerings[95]. Research and Development - Research and development investment for 2022 was CNY 130.64 million, accounting for 6.14% of operating revenue, marking a continuous increase in R&D investment ratio over the past three years[52]. - The company is investing in new product development, with a budget allocation of 200 million CNY for R&D in 2023[111]. - Research and development investment increased by 30% in 2022, focusing on sustainable building materials[115]. Risk Management - The company has a strong focus on risk management in response to the complex macroeconomic environment[8]. - There are no major risks to the company's ongoing operations, ensuring stability for future growth[8]. - The company faces risks related to accounts receivable losses, particularly from the real estate sector, which is a major source of revenue[96]. - The company intends to reduce reliance on real estate clients and expand into infrastructure and new energy sectors to mitigate risks from macroeconomic policies[97]. - The company is exposed to raw material price volatility, with raw materials accounting for approximately 90% of its main business costs[98]. Corporate Governance - The company has established a governance structure in compliance with relevant laws and regulations, including the Company Law and the Securities Law, to enhance corporate governance and protect shareholder interests[102]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[102]. - The company has implemented measures to address non-operating fund occupation by the controlling shareholder, with all occupied funds and interest returned by the reporting date[106]. - The company has improved its internal control system and audit functions to enhance risk management and safeguard assets[107]. - The company has established a dedicated department for investor relations to facilitate communication and address investor inquiries[102]. Environmental Responsibility - The company reported a total emissions of 0.342 tons of asphalt smoke, 0.295 tons of particulate matter, and 0.427 tons of non-methane hydrocarbons, all within the legal limits[156]. - The company achieved a waste gas collection rate and VOCs treatment rate of over 90% through its waste gas treatment systems[157]. - The company has established an emergency response plan for environmental incidents, with a dedicated emergency rescue command organization[158]. - The company has not faced any penalties for environmental violations during the reporting period[156]. - The company has implemented an environmental monitoring program, with third-party agencies conducting quarterly assessments of various pollutants[159]. Shareholder Engagement and Dividends - The company plans not to distribute cash dividends or issue bonus shares for the year[11]. - The company’s cash dividend policy execution was in accordance with its articles of association, ensuring the protection of shareholders' rights[134]. - The company reported a cash dividend amount of CNY 101,210,219.91, which is considered equivalent to the cash dividend for the year 2022[137]. - The distributable profit for the year was CNY 72,172,174.83, indicating a net profit loss for the company in 2022[137]. Operational Efficiency - The company aims to enhance its operational efficiency, aiming for a 10% reduction in production costs by the end of 2023[111]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a focus on complementary businesses[111]. - The company has outlined a strategic goal to achieve carbon neutrality by 2030[115]. Financial Health and Investments - The total assets at the end of 2022 were ¥6,141,884,381.15, an increase of 9.13% from the previous year[27]. - The company has significant restricted assets totaling ¥1,490,704,611.35, primarily due to collateral for loans and litigation freezes[75]. - The company has a total of RMB 216,656 million in committed investment projects, with a completion progress of 19.19%[87]. - The company has completed the use of funds raised from its initial public offering in 2017, totaling 192.53 million RMB, with all funds utilized by December 31, 2022[82].

证券代码：300715 证券简称：凯伦股份 公告编号:2023-020 江苏凯伦建材股份有限公司 关于举行 2022 年度业绩网上说明会的公告 | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，不存在 | | --- | | 虚假记载、误导性陈述或重大遗漏。 | 江苏凯伦建材股份有限公司（以下简称"公司"）2022 年年度报告全文及 其摘要已于 2023 年 4 月 28 日刊登于中国证监会指定信息披露网站巨潮资讯网 （www.cninfo.com.cn）。为便于广大投资者更深入全面地了解公司情况，公司定 于 2023 年 5 月 12 日（星期五）下午 15：00-17：00 在全景网举行 2022 年度业 绩网上说明会，本次年度业绩说明会将采用网络远程方式举行，投资者可登录全 景网"投资者关系互动平台"（http://ir.p5w.net）参与本次年度业绩说明会。 出席本次说明会的人员有：公司董事长钱林弟先生、董事会秘书霍巨先生、 财务负责人季歆宇先生、独立董事殷俊明先生、保荐代表人陈杰先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会前 向投资者公开征集问题，广泛 ...

证券代码：300715 证券简称：凯伦股份 江苏凯伦建材股份有限公司投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------------------------------------------------------------|-------|----------------|------------------------------------------------------------------------------|-----------------|----------------------------------|-------|-------| | 投资者关系活动 \n类别 | ☑ \n□媒体采访 \n□新闻发布会 □路演活动 \n□现场参观 \n□其他 | | （ ） | 特定对象调研 □分析师会议 \n□业绩说明会 | | | | | | | 安信基金 郑婉玲 齐家资产 | | | | 牛建斌 | 第一创业 柴熙 ...

证券代码：300715 证券简称：凯伦股份 江苏凯伦建材股份有限公司投资者关系活动记录表 编号：2022-001 | --- | --- | --- | |--------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 \n类别 | ☑ \n□媒体采访 \n□新闻发布会 □路演活动 \n□现场参观 \n□其他 （ ） | 特定对象调研 □分析师会议 \n□业绩说明会 | | 参与单位名称 及人员姓名 | 券、中加基金、旭鑫资本、相聚资本 | 嘉实基金、瑞信证券、钧富投资、宁本咨询、瑞银证券、益昶资产、朝景投资、国海证 | | | | | | 时间 2 ...

Revenue and Profitability - Revenue for Q3 2022 was CNY 611,848,885.78, a decrease of 12.93% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 867,621.10, down 97.83% year-on-year[5] - Net profit excluding non-recurring items was CNY -25,684,450.70, a decline of 196.38% compared to the previous year[5] - Total operating revenue for the current period is CNY 1,532,921,970.69, a decrease of 20.2% compared to CNY 1,921,972,737.10 in the previous period[18] - Net profit for the current period is CNY 21,416,902.75, a significant decline of 88.0% from CNY 178,218,339.79 in the previous period[19] - Earnings per share (EPS) for the current period is CNY 0.06, compared to CNY 0.53 in the previous period, reflecting a decrease of 88.7%[21] - The total comprehensive income for the current period is CNY 21,416,902.75, down 88.0% from CNY 178,218,339.79 in the previous period[21] Assets and Liabilities - Total assets increased to CNY 6,206,285,447.80, representing a growth of 10.28% from the end of the previous year[5] - The company's total assets as of September 30, 2022, amount to ¥6,206,285,447.80, an increase from ¥5,627,991,216.84 at the beginning of the year[14] - Current assets total ¥4,457,848,571.36, up from ¥4,328,355,648.38 at the start of the year[15] - The total liabilities amount to ¥3,655,571,651.13, up from ¥2,810,714,647.73[16] - The total liabilities and equity amount to CNY 6,206,285,447.80, an increase from CNY 5,627,991,216.84 in the previous period[20] Cash Flow - Cash flow from operating activities was CNY -406,466,964.73, showing an improvement of 11.66% year-on-year[10] - Cash inflow from operating activities is CNY 1,518,961,216.72, an increase of 33.6% from CNY 1,136,870,220.09 in the previous period[23] - The net cash flow from operating activities was -406,466,964.73 CNY, an improvement from -460,137,515.45 CNY in the previous year[24] - Total cash outflow from investing activities was 368,265,589.50 CNY, compared to 750,970,358.93 CNY in the same period last year[24] - The net cash flow from investing activities was -347,981,844.44 CNY, an improvement from -746,194,527.97 CNY year-over-year[24] - The company's net cash flow from financing activities decreased by 68.65% to CNY 593,876,807.06 compared to the same period last year[10] - The total cash and cash equivalents at the end of the period were 177,734,544.81 CNY, significantly lower than 1,143,183,274.90 CNY at the end of the previous year[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,272[11] - The largest shareholder, Karen Holdings Investment Co., Ltd., holds 43.68% of shares, totaling 168,118,419 shares[11] Investments and Expenses - The company reported a significant increase in construction in progress, which reached CNY 377,359,793.04, up 172.38%[9] - Research and development expenses for the current period amount to CNY 87,775,264.26, a decrease of 10.2% from CNY 97,746,054.71 in the previous period[18] - The company's retained earnings decreased to CNY 253,576,289.96 from CNY 458,836,122.41 in the previous period, indicating a decline of 44.7%[20] - The company reported a financial expense of CNY 1,021,612.70, significantly lower than CNY 38,463,161.66 in the previous period, showing a decrease of 97.3%[18] Borrowings - Short-term borrowings rose to CNY 1,403,784,980.38, an increase of 101.82% due to operational needs[9] - The company received 2,030,500,000.00 CNY in borrowings during the quarter, compared to 1,704,953,044.44 CNY in the previous year[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥921,073,084.91, a decrease of 24.46% compared to ¥1,219,269,748.35 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥21,517,531.25, down 84.48% from ¥138,607,055.79 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥32,760,939.61, a decrease of 72.91% compared to ¥120,940,750.95 in the same period last year[25]. - The basic earnings per share decreased by 86.36% to ¥0.06 from ¥0.44 in the previous year[25]. - The gross margin for waterproof materials sales was 24.76%, down 10.42% year-on-year, with sales revenue decreasing by 26.96%[47]. - The company achieved operating revenue of CNY 921.07 million, a decrease of 24.46% compared to the same period last year, primarily due to a reduction in sales orders[41]. - Net profit attributable to shareholders was CNY 21.52 million, down 84.48% year-on-year, largely impacted by rising raw material costs and accelerated stock incentive plan execution[41]. - The net profit for the first half of 2022 was CNY 20,611,499.05, a significant decline of 85.2% from CNY 138,606,948.97 in the previous year[163]. - The total revenue for the first half of 2022 was reported at 1.4 billion, representing a year-on-year increase of 7%[179]. - The net profit attributable to shareholders for the same period was 646 million, which is a 5% increase compared to the previous year[180]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,213,446,050.25, an increase of 10.40% from ¥5,627,991,216.84 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥2,562,395,135.32, down 8.97% from ¥2,814,946,407.98 at the end of the previous year[25]. - Cash and cash equivalents increased to ¥1,754,066,785.48, representing 28.23% of total assets, up from 27.21% in the previous period[52]. - Accounts receivable decreased to ¥1,723,812,331.54, accounting for 27.74% of total assets, down from 29.87%[52]. - Total liabilities rose to CNY 3,649,626,786.00 as of June 30, 2022, compared to CNY 2,810,714,647.73 at the beginning of the year, indicating an increase of about 29.7%[157]. - Short-term borrowings rose significantly to ¥1,414,476,980.38, which is 22.76% of total liabilities, compared to 12.36% previously, reflecting a 10.40% increase[52]. - Long-term borrowings increased to ¥932,092,118.40, now 15.00% of total liabilities, up from 10.74%, marking a 4.26% rise[52]. - The total equity decreased to CNY 2,530,698,994.64 from CNY 2,810,140,097.62, indicating a decline of 9.9%[163]. Cash Flow - The net cash flow from operating activities improved by 11.15%, reaching -¥328,791,867.73 compared to -¥370,048,952.63 in the previous year[25]. - Cash flow from operating activities improved by 11.15% year-on-year, primarily due to an increase in accounts receivable recovery[46]. - The net cash flow from investment activities was -150,561,797.72 CNY, a decrease from -506,150,159.28 CNY in the previous period, indicating improved cash management[173]. - The total cash inflow from financing activities was 1,602,500,000.00 CNY, compared to 2,784,888,665.28 CNY in the same period last year[171]. - The cash outflow for debt repayment was 429,000,000.00 CNY, compared to 530,263,860.00 CNY in the previous period, indicating a reduction in debt servicing[173]. Research and Development - Research and development investment has increased over the years, with amounts of CNY 50.33 million, CNY 105.92 million, CNY 138.78 million, and CNY 50.17 million for 2019, 2020, 2021, and the first half of 2022 respectively, representing a growing percentage of revenue[37]. - Research and development expenses for the first half of 2022 were CNY 50,166,826.71, down 13.2% from CNY 57,719,246.78 in the previous year[163]. - The company is focusing on new product development in waterproof materials, with a significant investment in R&D[56]. Market and Competition - The waterproof materials market is experiencing consolidation, with increasing competition among large enterprises and a trend towards the elimination of outdated production capacities[34]. - The company is focusing on high polymer waterproof materials, with a strategic shift towards differentiated products to avoid price competition in the traditional market[42]. - The competitive landscape in the waterproof materials market is intensifying, with numerous players leading to price competition and pressure on profit margins[76]. - The company plans to reduce reliance on real estate clients and expand into non-real estate sectors, aiming to increase the share of non-real estate business[74]. Strategic Initiatives - The company plans to expand its dealer network from over 700 to 3,000 in the next three years, aiming for a more balanced sales channel and diversified customer base[39]. - The company has established strategic partnerships with several key players in the photovoltaic industry, aiming to expand into the renewable energy sector[33]. - The company aims to integrate photovoltaic technology with waterproofing solutions, launching innovative products like the "Galaxy Lightweight Photovoltaic Building Materials"[41]. - The company is actively constructing new production bases in Guangxi and Jiangsu to enhance its production capacity and market reach[39]. Shareholder and Governance - The company plans to maintain investor confidence and promote long-term healthy development through share repurchase[137]. - The controlling shareholder has committed to not selling any shares for six months following the completion of the issuance[107]. - The company has a lock-up period of 36 months for shares acquired through the issuance[106]. - The company has not distributed cash dividends or bonus shares for the half-year period[82]. Environmental and Social Responsibility - The company strictly complies with various environmental protection laws and regulations, with no penalties reported during the reporting period[95]. - The company has implemented a waste gas treatment system achieving over 90% collection and VOCs treatment rates[100]. - The company actively engages in social responsibility, creating value for shareholders while supporting employees and the community[102]. - The company has invested in energy-saving technologies to reduce carbon emissions and improve production efficiency[101].

Financial Performance - The company's operating revenue for 2021 was ¥2,585,783,925.51, representing a 28.80% increase compared to ¥2,007,646,596.20 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥71,923,477.59, a decrease of 74.18% from ¥278,551,614.56 in 2020[30]. - The net cash flow from operating activities was -¥383,841,670.19, worsening by 244.73% compared to -¥111,344,963.33 in 2020[30]. - The total assets at the end of 2021 amounted to ¥5,627,991,216.84, a 61.79% increase from ¥3,478,576,453.06 at the end of 2020[30]. - The net assets attributable to shareholders increased by 110.63% to ¥2,814,946,407.98 at the end of 2021, up from ¥1,336,449,161.28 at the end of 2020[30]. - The basic earnings per share for 2021 was ¥0.20, down 78.02% from ¥0.91 in 2020[30]. - The diluted earnings per share also stood at ¥0.20, reflecting the same decline of 78.02% compared to the previous year[30]. - The weighted average return on net assets decreased to 3.30% in 2021 from 23.36% in 2020, a drop of 20.06%[30]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was ¥30,325,113.85 in 2021, down 88.31% from ¥259,446,006.48 in 2020[30]. Revenue Sources and Market Position - Sales of waterproof materials accounted for 92.74% of total revenue, amounting to ¥2,397,935,031.69, with a year-on-year growth of 22.48%[56]. - The waterproof engineering construction segment saw a significant increase of 270.10%, generating ¥180,354,484.97 in revenue[56]. - Domestic sales contributed 97.38% of total revenue, while international sales grew by 117.99% to ¥67,688,934.53[56]. - The company aims to reduce reliance on real estate clients and expand into non-real estate sectors, aiming to increase the proportion of non-real estate business[14]. - The company is focusing on high polymer waterproof materials, which have shown rapid growth in sales volume and brand recognition[53]. Research and Development - Research and development investment increased from 50.33 million yuan in 2019 to 138.78 million yuan in 2021, accounting for 4.32%, 5.28%, and 5.37% of operating revenue respectively[50]. - The company has launched a new photovoltaic roof system designed to last 25 years, integrating waterproofing with solar energy solutions[54]. - The company is developing a new high-weather TPO composite metal roofing product, which aims to enhance durability and meet stringent environmental requirements[67]. - The company has completed the development of the MPU-Pro anti-flow polyurethane coating, which is expected to lead the market in innovation and efficiency[67]. - The company aims to enhance its competitive edge through continuous innovation and expansion into new application scenarios for polymer waterproof materials[54]. Strategic Partnerships and Investments - The company has established long-term strategic partnerships with leading real estate developers such as Vanke and Poly, aiming to expand the number of quality real estate clients significantly[51]. - The company has invested 1.5 billion yuan in a high polymer industrial park in Suzhou, with a designed capacity of 10 million square meters, which is now in formal production[51]. - The company is actively pursuing a dual-driven strategy of centralized procurement and channel expansion to optimize revenue structure[53]. - The company is focusing on expanding its market presence through strategic investments in construction materials and technology development[80]. Governance and Compliance - The company is committed to improving its governance structure and ensuring independent operations from its controlling shareholder[107]. - The company has established a board of directors consisting of 7 members, including 3 independent directors, complying with legal and regulatory requirements[108]. - The company maintains independence in assets, personnel, finance, and operations, ensuring no reliance on the controlling shareholder for production or financial support[110]. - The company has a complete and independent human resources management system, ensuring no overlap with the controlling shareholder's enterprises[110]. - The company has not reported any penalties from securities regulatory agencies for its directors, supervisors, or senior management in the past three years[130]. Environmental Responsibility - The company complied with all relevant environmental protection laws and regulations, with no penalties incurred during the reporting period[170]. - The company reported total emissions of pollutants within the limits set by national standards, with no exceedances noted[171]. - The company has implemented strict environmental protection measures and has obtained necessary permits for pollutant discharge[170]. - The company has committed to reducing carbon emissions by promoting advanced energy-saving technologies and improving industrial automation[174]. Future Outlook - The company aims to become an internationally leading manufacturer of functional building materials, focusing on innovative waterproof systems and maintaining a strong competitive edge in the market[9]. - The company plans to strictly control accounts receivable risks, improve cash flow, and enhance overall operational quality in 2022[99]. - The company has set a revenue target of 25 billion for 2022, representing a projected growth of 15%[116]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency, with a budget allocation of 500 million for this purpose[116].

Financial Performance - The company's revenue for Q1 2022 was ¥325,602,548.36, a decrease of 26.85% compared to ¥445,138,267.07 in the same period last year[3] - Net profit attributable to shareholders was ¥8,586,259.32, down 84.14% from ¥54,154,880.98 year-on-year[3] - Operating profit decreased significantly to ¥11,638,131.36, a decline of 83.9% compared to ¥72,162,178.31 in the previous period[23] - Net profit for the current period is ¥7,840,202.57, a decrease of 85.5% from ¥54,154,880.98 in the previous period[24] - Basic earnings per share for the current period is ¥0.02, down from ¥0.18 in the previous period[24] Cash Flow - The net cash flow from operating activities was -¥211,055,777.87, an improvement of 14.65% compared to -¥247,271,452.28 in the previous year[3] - Cash flow from operating activities shows a net outflow of ¥211,055,777.87, improving from a net outflow of ¥247,271,452.28 in the previous period[27] - The net cash flow from investing activities improved by 69.08% to -¥91,580,278.34, compared to -¥296,153,406.14 in the previous year[11] - The company experienced a net cash inflow from financing activities of ¥512,264,098.95, compared to ¥327,438,473.29 in the previous period[28] Assets and Liabilities - Total assets increased by 8.57% to ¥6,110,541,018.83 from ¥5,627,991,216.84 at the end of the previous year[3] - Total liabilities rose to RMB 3,341,974,726.93 from RMB 2,810,714,647.73, indicating an increase of approximately 18.8%[20] - The total equity attributable to shareholders decreased to RMB 2,766,372,348.65 from RMB 2,814,946,407.98, a decline of approximately 1.7%[20] - The company's cash and cash equivalents increased to RMB 1,813,769,571.01 from RMB 1,531,619,712.91, representing a growth of about 18.4%[18] Borrowings and Financing - Short-term borrowings rose by 51.49% to ¥1,053,717,560.01, reflecting the need for short-term financing[8] - The company's short-term borrowings increased significantly to RMB 1,053,717,560.01 from RMB 695,550,160.01, marking a rise of about 51.5%[19] Expenses - The company’s management expenses increased by 43.30% to ¥28,283,873.56, attributed to higher employee compensation and operational costs[9] - Research and development expenses rose to ¥19,060,043.19, an increase of 10.4% from ¥17,165,718.86 in the previous period[22] Inventory and Receivables - The inventory increased to RMB 255,396,221.66 from RMB 228,692,735.19, reflecting a growth of approximately 11.6%[18] - The accounts receivable decreased to RMB 1,572,402,862.15 from RMB 1,680,850,059.37, a decline of about 6.4%[18] Share Repurchase - The company repurchased 4,265,320 shares, accounting for about 1.0939% of the total share capital, with a total expenditure of up to RMB 20 million[14] - The company terminated the 2021 restricted stock incentive plan and repurchased 4,767,600 shares, which were previously granted but not yet released from restrictions[15] - The company plans to use its own funds for share repurchase to enhance investor confidence and promote long-term healthy development[14] Other Financial Metrics - The weighted average return on equity decreased to 0.31% from 3.97% year-on-year[3] - The company reported a significant increase in interest income to ¥11,888,111.94 from ¥667,299.22 in the previous period[23] - Total operating costs for the current period are ¥330,034,535.36, down 11.8% from ¥374,002,034.41 in the previous period[22] - Total operating revenue for the current period is ¥325,602,548.36, a decrease of 26.9% from ¥445,138,267.07 in the previous period[22]