Financial Performance - The company's revenue for Q1 2022 was ¥763,629,721.35, representing a 15.83% increase compared to ¥659,269,770.75 in the same period last year[3] - Net profit attributable to shareholders decreased by 43.64% to ¥18,014,978.73 from ¥31,962,259.95 year-on-year[3] - Basic earnings per share dropped by 55.56% to ¥0.08 from ¥0.18 in the same quarter last year[3] - Total operating revenue for the first quarter was CNY 763,629,721.35, an increase of 15.8% compared to CNY 659,269,770.75 in the previous year[24] - Net profit for the quarter was CNY 18,017,529.67, a decrease of 43.5% from CNY 31,915,499.11 in the previous year[25] - The company reported a gross profit margin of approximately 39.7% for the quarter, down from 42.0% in the previous year[25] Cash Flow - The net cash flow from operating activities was negative at ¥-15,710,545.86, a decline of 352.22% compared to ¥6,228,936.98 in the previous year[3] - Cash inflow from operating activities was CNY 797,310,439.88, compared to CNY 770,302,738.32 in the previous year[29] - Cash outflow from investing activities totaled CNY 428,202,022.23, significantly higher than CNY 147,971,644.39 in the previous year[30] - Net cash flow from investing activities was negative CNY 416,760,047.63, compared to negative CNY 105,844,622.48 in the previous year[30] - Cash inflow from financing activities was CNY 426,006,417.06, up from CNY 232,483,377.23 in the previous year[30] - Net cash flow from financing activities was CNY 186,376,442.08, an increase from CNY 29,683,891.20 in the previous year[30] - The ending balance of cash and cash equivalents was CNY 813,878,675.02, compared to CNY 363,692,466.83 at the end of the previous year[30] Assets and Liabilities - Total assets increased by 15.11% to ¥4,641,217,163.52 from ¥4,032,067,491.89 at the end of the previous year[3] - Total liabilities rose to CNY 2,721,662,956.53, compared to CNY 2,126,704,436.96 at the beginning of the year, marking an increase of 28.0%[22] - Long-term borrowings increased to CNY 462,861,008.00, up from CNY 287,930,264.57, indicating a rise of 60.7%[22] - The company’s total equity reached CNY 1,919,554,206.99, an increase from CNY 1,905,363,054.94 at the beginning of the year, reflecting a growth of 0.8%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,121[10] - The top shareholder, Ningbo Lijing Electric Group Co., Ltd., held a 23.07% stake, amounting to 50,914,906 shares[11] - The company’s major shareholders control a combined 54.67% of the shares, indicating a strong alignment in management and ownership[12] - The company has a total of 46,496,782 restricted shares, with no new restrictions added during the reporting period[15] Operational Insights - The company increased investment in product R&D, automation processes, and information technology, which may lead to a gradual improvement in sustainable development capabilities[17] - The average shipping cost for a 40HQ container rose from approximately $6,000 in Q1 2021 to about $15,000 in Q1 2022, impacting cross-border e-commerce revenue by 14.45%[17] - The company plans to mitigate shipping costs by constructing an 1,800TEU container ship, expected to be delivered in Q1 2023, which will enhance inventory turnover and reduce delivery times[17] - The average exchange rate of the US dollar increased from 6.51 to 6.36, while the euro rose from 7.86 to 7.12, prompting the company to consider increasing foreign exchange hedging to manage risks[17] - The company’s self-owned brand awareness and market share have further improved, contributing to sales growth despite external challenges[16] - The company is focused on building independent sales channels and private traffic to enhance brand development[17] Research and Development - Research and development expenses were CNY 30,001,338.00, representing an increase of 11.0% compared to CNY 27,013,735.57 last year[25] Audit Status - The report for the first quarter was not audited[31]

Financial Performance - The company reported a total of ¥2,871,283,657.02 in operating revenue for 2021, representing a 47.95% increase compared to ¥1,940,664,262.01 in 2020[20]. - The net profit attributable to shareholders decreased by 14.93% to ¥184,676,666.65 in 2021 from ¥217,094,213.73 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥109,356,500.91, down 40.81% from ¥184,740,280.50 in the previous year[20]. - The gross profit margin for the year was reported at 35%, reflecting a 5% increase compared to the previous year[17]. - The company achieved a revenue of ¥2,871,283,657.02, representing a year-on-year growth of 47.95%[67]. - The net profit attributable to shareholders was ¥184,676,666.65, a decrease of 14.93% compared to the previous year[67]. - The total revenue for 2021 reached ¥2,871,283,657.02, representing a year-on-year increase of 47.95% compared to ¥1,940,664,262.01 in 2020[86]. - The company reported a total of 16,029 million in revenue for the year 2021, an increase from 6,786 million in the previous year, indicating significant growth[166]. - The company reported a total of 7,109 million in net profit for 2021, reflecting a strong performance compared to previous years[166]. User Growth and Market Expansion - The company reported significant growth in user data, with a year-over-year increase of 30% in active users[17]. - User data showed an increase in active users, reaching 2 million by the end of 2021, up from 1.5 million in 2020, indicating a growth rate of 33.3%[152]. - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[17]. - Market expansion efforts include entering three new international markets, aiming for a 20% increase in overseas sales[17]. - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 10% within the next two years[152]. Research and Development - The company is investing in R&D for new ergonomic products, with an allocated budget of 50 million RMB for the upcoming year[17]. - R&D expenses increased by 53.4% during the reporting period, reflecting the company's commitment to innovation[67]. - The company has developed a comprehensive logistics supply chain management solution for cross-border e-commerce, enhancing its service offerings[63]. - The company is focusing on automation in production processes, including the development of a linear drive flexible assembly line[97]. - The company is actively pursuing technological advancements and product development to stay competitive in the market[148]. Product Development and Innovation - New product developments include a smart electric height-adjustable desk and a multi-functional electric smart bed, aimed at enhancing the product line and competitiveness[98]. - The company has developed a 5G smart conference system that integrates multiple functions to enhance meeting efficiency and reduce operational complexity[46]. - The company aims to innovate traditional office and lifestyle products, focusing on health, efficiency, and ergonomic design, particularly in linear drive smart office elevation systems[138]. - The company plans to enhance product functionality, comfort, safety, and design by integrating user needs and new technologies in product development[140]. Strategic Acquisitions and Partnerships - The company has completed a strategic acquisition of a tech startup, enhancing its product development capabilities[17]. - A strategic acquisition of a local competitor was announced, expected to enhance the company's product portfolio and increase market penetration by 15%[152]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market[171]. Financial Strategy and Shareholder Engagement - The company plans to enhance shareholder value by implementing a dividend policy, proposing a dividend payout ratio of 30% of net profits starting in 2022[152]. - The company plans to integrate third-party training resources to enhance employee skills and meet long-term development needs[197]. - The company has a cash dividend policy that aims for a minimum of 80% of profit distribution in mature stages without major capital expenditures, and at least 40% if there are significant expenditures planned[200]. - The participation rate of investors in the 2021 annual general meeting was 63.69%, indicating strong shareholder engagement[163]. Operational Efficiency and Cost Management - The company aims to reduce production costs by 10% through operational efficiencies in the next fiscal year[17]. - The gross margin improved to 45% in 2021, up from 40% in 2020, reflecting better cost management and pricing strategies[152]. - The company emphasizes the importance of supplier management and quality control in its procurement process to ensure material quality and cost-effectiveness[57]. International Presence and Logistics - The company has established a comprehensive sales channel strategy, including both online and offline platforms, to optimize its market reach[36]. - The company expanded its overseas warehouse network to a total of 15 warehouses globally, with a delivered area of 260,000 square meters, and is currently expanding an additional 53,000 square meters in the U.S.[54]. - The company has established subsidiaries, including Suzhou Legge Smart Furniture Co., Ltd., which was dissolved, resulting in a loss of 239,713.96 yuan[136]. Governance and Compliance - The company strictly adheres to the regulations of the Shenzhen Stock Exchange and has effectively executed internal controls for information disclosure in 2021[158]. - The board has emphasized the importance of maintaining high standards of corporate governance and transparency in operations[169]. - The company is focused on maintaining compliance with the China Securities Regulatory Commission and Shenzhen Stock Exchange regulations[187]. Challenges and Risks - The company faces risks from international political and economic fluctuations, particularly affecting its export business, especially in the U.S. market[146]. - The company is exposed to raw material price volatility, which could impact product gross margins and overall performance stability[147]. - The company is experiencing management risks associated with the complexity of its expanding organizational structure and business operations[150].

证券代码：300729 证券简称：乐歌股份 公告编号：2021-147 债券代码：123072 债券简称：乐歌转债 乐歌人体工学科技股份有限公司 关于参加"宁波辖区 2021 年度上市公司投资者 网上集体接待日主题活动"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，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强宁波辖区上市公司与投资者特别是中小投资者的沟通交流，增加上 市公司的透明度，提升公司治理水平，促进公司规范运作，在宁波证监局指导下，宁 波上市公司协会联合深圳市全景网络有限公司共同举办"心系投资者 携手共行动"— —宁波辖区 2021 年度上市公司投资者网上集体接待日主题活动。活动于 2021 年 11 月 18 日下午 15:00-17:00 举行，平台登陆地址为：https://rs.p5w.net/。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、发 展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对多"形 式的沟通与交流。欢迎广大投资者踊跃参与！ 特此公告。 乐歌人体工学科技股份有限公司董事会 2021 年 11 月 11 日 ...

Financial Performance - The company's revenue for Q3 2021 was CNY 703,032,572.43, representing a 19.97% increase year-over-year and a total revenue of CNY 2,100,063,495.83 for the year-to-date, which is a 72.27% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 39,581,236.34, a decrease of 57.58% year-over-year, with a year-to-date net profit of CNY 123,583,980.64, down 23.46% compared to the previous year[5]. - The company reported a basic earnings per share of CNY 0.22 for Q3 2021, down 57.69% year-over-year, and a diluted earnings per share of CNY 0.22, down 57.69% as well[5]. - In Q3, the company achieved revenue of 703.03 million yuan, a year-on-year increase of 19.97%; net profit attributable to shareholders was 39.58 million yuan, a year-on-year decrease of 57.58%[22]. - For the first three quarters, the company reported revenue of 2.1 billion yuan, a year-on-year increase of 72.27%; net profit attributable to shareholders was 123.58 million yuan, a year-on-year decrease of 23.46%[22]. Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 3,817,527,133.05, an increase of 33.14% compared to the end of the previous year[6]. - The company's total equity attributable to shareholders increased by 80.68% to CNY 1,845,132,827.12 compared to the previous year[6]. - The total current liabilities were RMB 1,251,603,166.63, compared to RMB 1,350,000,000.00 at the end of 2020, showing a decrease of approximately 7.3%[37]. - The company's total liabilities increased to ¥1,972,347,624.05 from ¥1,845,695,095.54, reflecting a rise of approximately 6.9%[39]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 117,818,432.75, reflecting a decrease of 8.66% compared to the same period last year[5]. - Operating cash inflow totaled RMB 2,155,943,102.76, an increase of 87.52% compared to RMB 1,149,710,516.31 in the same period last year, primarily due to increased revenue[15]. - Operating cash outflow reached RMB 2,038,124,670.01, up 99.68% from RMB 1,020,717,698.86 year-on-year, mainly due to increased cost expenditures associated with higher revenue[15]. - Net cash flow from investing activities was -RMB 278,960,036.69, a 42.24% improvement from -RMB 482,956,760.17 in the previous year, attributed to reduced overseas warehouse investments[15]. - Net cash flow from financing activities amounted to RMB 824,463,616.28, an increase of 86.65% from RMB 441,725,646.21, mainly due to RMB 690 million raised from issuing shares and an increase of RMB 167 million in bank loan repayments[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,726[17]. - The largest shareholder, Ningbo Lijing Electronics Group Co., Ltd., holds 28.04% of shares, totaling 50,914,906 shares[17]. - The second-largest shareholder, Lijing (Hong Kong) International Co., Ltd., owns 21.09% of shares, amounting to 38,308,483 shares[17]. - The company has a total of 7,731,278 restricted shares at the end of the reporting period, with 82,349 shares added during the period[21]. - The company’s actual controllers, Xiang Lehong and Jiang Yi, collectively control 62.78% of the shares through various entities[18]. Research and Development - Research and development expenses increased by 85.59% to CNY 84,725,859.14, attributed to the growth in business activities[13]. - The company's DTC (Direct To Customer) channel revenue continues to increase, enhancing brand awareness and market share[23]. - The company is investing in product R&D, automation, and information technology, which is expected to improve sustainable development capabilities over time[24]. - Research and development expenses for the quarter were ¥84,725,859.14, compared to ¥45,652,633.73 in the previous year, marking an increase of about 85.6%[40]. Operational Developments - The company is expanding its public overseas warehouse business, increasing the number of small and medium-sized enterprises served, which enhances bargaining power in the value chain[23]. - The company has implemented stock option incentive plans, with 1,486,825 stock options available for exercise in the first exercise period[26]. - The company granted 3.367 million shares of restricted stock to 203 incentive targets as part of the 2021 restricted stock incentive plan[29]. - The company has established new subsidiaries focused on technology services and information consulting, enhancing its operational capabilities[34]. Miscellaneous - External macroeconomic factors, including raw material prices and international shipping costs, have put pressure on net profit[24]. - The company has not disclosed any related party relationships or concerted actions among other shareholders[18]. - The third quarter report of Lege Ergonomics Technology Co., Ltd. is unaudited[51]. - The report was released on October 29, 2021[51].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,397,030,923.40, representing a 120.68% increase compared to CNY 633,059,354.33 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was CNY 84,002,744.30, which is a 23.25% increase from CNY 68,153,755.93 in the previous year[21]. - The basic earnings per share for the first half of 2021 was CNY 0.47, a decrease of 4.08% from CNY 0.49 in the same period last year[21]. - The diluted earnings per share was CNY 0.46, down 6.12% from CNY 0.49 in the previous year[21]. - The weighted average return on equity was 7.94%, slightly down from 8.24% in the same period last year[21]. - The company achieved operating revenue of CNY 1,397,030,923.40, representing a year-on-year growth of 120.68%[28]. - The net profit attributable to shareholders was CNY 84,002,744.30, an increase of 23.25% compared to the same period last year[28]. - The company reported a net cash flow from operating activities of CNY 32,447,332.10, a decrease of 58.50% compared to the previous year[75]. - Operating costs increased by 147.05% to CNY 838,251,379.81, primarily due to the growth in revenue[75]. - R&D expenses increased by 134.57%, enhancing product diversity and technological advancement[52]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,055,138,608.60, reflecting a 6.55% increase from CNY 2,867,334,027.65 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 6.71%, reaching CNY 1,089,782,348.65 compared to CNY 1,021,219,329.56 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 831,917,768.07, representing 27.23% of total assets, a decrease of 4.34% compared to the previous year[81]. - Accounts receivable stood at CNY 156,916,252.85, accounting for 5.14% of total assets, down by 0.42% year-on-year[81]. - Inventory increased to CNY 549,583,906.19, making up 17.99% of total assets, a slight decrease of 0.36% from the previous year[81]. - Fixed assets rose significantly to CNY 810,939,078.14, representing 26.54% of total assets, an increase of 11.94% due to the transfer of overseas warehouses[81]. - Short-term borrowings reached CNY 786,748,270.00, which is 25.75% of total assets, reflecting a 0.90% increase from the previous year[81]. - Long-term borrowings amounted to CNY 297,356,055.00, accounting for 9.73% of total assets, up by 0.86% year-on-year[81]. Market and Product Development - The main products include ergonomic workstations, smart desks, and various health and smart home products, focusing on integrating linear drive technology[28]. - The cross-border e-commerce public overseas warehouse project generated revenue of CNY 68,110,173.60, and has turned profitable since April after initial losses in the first quarter[29]. - The company continues to focus on expanding its market presence through innovative services in cross-border e-commerce logistics[29]. - The company has diversified its sales channels, covering domestic and international markets through online and offline platforms, with a focus on M2C direct sales[49]. - The company has established a strong presence on major e-commerce platforms, including Tmall, JD.com, Amazon, and others, enhancing its market reach[49]. - The company has leveraged nearly ten years of cross-border e-commerce experience to maintain a competitive edge, offering lower shipping rates compared to smaller competitors[43]. - The company has established 14 overseas warehouses globally, with a total area of 148,000 square meters, and plans to expand to 260,000 square meters by the end of 2021[51]. - Cross-border e-commerce sales grew by 132.45%, with independent website sales increasing by 366.42%[53]. Research and Development - The company’s R&D efforts are centered around ergonomic design and smart technology integration for health-focused office solutions[28]. - The company holds 1,079 valid patents, including 72 authorized invention patents, showcasing its innovation capabilities[57]. - The company has invested 50 million RMB in R&D for innovative ergonomic solutions, aiming to lead the market in technology advancements[151]. - The company has actively engaged in product innovation based on linear drive technology, enhancing its ability to meet consumer demands and market trends[60]. Risk Management and Compliance - The company has implemented a foreign exchange hedging strategy to mitigate risks associated with currency fluctuations, ensuring stable operational performance[102]. - The company has established a comprehensive risk management system for foreign exchange hedging, including strict internal controls and regular audits[102]. - The company is facing risks from international political and economic fluctuations, particularly affecting its export business, which is heavily reliant on the US market[111]. - The company is exposed to foreign exchange risks due to a high proportion of export revenue, primarily settled in USD, which can affect competitiveness and lead to exchange gains or losses[113]. - The company is committed to maintaining compliance with the latest regulations set forth by the China Securities Regulatory Commission[154]. Employee and Social Responsibility - The company has established a comprehensive performance evaluation system for employees, tracking and assessing them from recruitment to ongoing development[135]. - In the first half of 2021, the company conducted 140 training sessions, with a total of 7,999 training participants[137]. - The company emphasizes employee welfare by providing comprehensive living facilities, including dormitories and free nutritious meals[138]. - The company actively participates in social responsibility initiatives, including educational funding for local universities[142]. - The company has invested over 70 million yuan in environmental protection equipment, including renewable energy devices and operational costs[140]. Shareholder and Financial Management - The company plans to prioritize cash dividends, aiming for a cumulative distribution of at least 30% of the average distributable profit over three consecutive years[148]. - The profit distribution policy includes a minimum cash dividend ratio of 80% for mature stages without significant capital expenditures, 40% for mature stages with significant expenditures, and 20% for growth stages with significant expenditures[148]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of shareholder interests[149]. - The company’s board and senior management have pledged to adhere to measures that compensate for any dilution of immediate returns from the issuance of new shares[154]. - The company has established measures to avoid any competition with its subsidiaries and will ensure compliance with these commitments to prevent economic losses[150].

Financial Performance - The company's revenue for Q1 2021 reached ¥659,269,770.75, representing a 181.98% increase compared to ¥233,799,642.51 in the same period last year[8] - Net profit attributable to shareholders was ¥31,962,259.95, up 128.17% from ¥14,008,175.88 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥30,297,170.62, reflecting a 126.14% increase from ¥13,397,250.16 in the previous year[8] - Basic earnings per share increased by 43.75% to ¥0.23 from ¥0.16 in the same period last year[8] - Total profit amounted to CNY 35,016,999.33, a 125.34% increase compared to the previous year[19] - The company's net profit was negatively impacted by rising raw material prices, with a significant increase in shipping costs of 22.12 million yuan, up 528.13% year-on-year[21] - The company reported a total of CNY 1,668.64 million in current assets, a decrease from CNY 1,715.41 million at the end of 2020[45] - The company reported a total of CNY 1,591,537,685.10 in current assets, unchanged from the previous period[72] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,014,589,388.55, a 5.14% increase from ¥2,867,334,027.65 at the end of the previous year[8] - The total assets increased to CNY 3,014.59 million as of March 31, 2021, compared to CNY 2,867.33 million at the end of 2020[46] - Total liabilities increased to CNY 1.95 billion as of March 31, 2021, compared to CNY 1.85 billion at the end of 2020, reflecting a rise of approximately 5.9%[51] - The company’s total liabilities also rose, with current liabilities totaling ¥1,473,767,272.69, unchanged from the previous year[70] - Total liabilities reached CNY 1,703,419,905.25, compared to CNY 1,745,908,273.39, indicating an increase of CNY 42,488,368.14[74] Cash Flow - The company reported a net cash flow from operating activities of ¥6,228,936.98, a slight decrease of 1.08% compared to ¥6,297,019.66 in the same period last year[8] - Cash flow from operating activities was CNY 6.23 million, slightly down from CNY 6.30 million in the previous year, indicating stable cash generation[63] - Operating cash flow increased significantly to ¥734,763,952.74, up from ¥306,303,225.22, representing a growth of 140% year-over-year[66] - Cash flow from financing activities generated a net inflow of ¥43,631,418.90, a turnaround from a net outflow of -¥25,679,434.20 in the prior year[67] Investment and Expenditures - Research and development expenses rose by 123.27% to CNY 27,013,735.57, reflecting increased investment in innovation[18] - The company incurred total investment cash outflows of ¥98,533,528.48, up from ¥52,152,269.10 in the previous year, reflecting a 89% increase[67] - The total investment for the first phase of the "Smart Health West Industry Park" project is planned at 2 billion CNY, with fixed asset investment not less than 1 billion CNY[32] Market and Competitive Landscape - Cross-border e-commerce sales revenue grew by 243.94% year-on-year, while independent site sales revenue surged by 842.60%[20] - The ergonomic home office industry is experiencing rapid growth, leading to increased competition, which may affect the company's profit margins[27] - The company is expanding its global sales market and production supply chain to reduce the impact of potential trade tensions, particularly with the U.S.[24] Strategic Initiatives - The company aims to strengthen cost management and optimize supply chain resources to mitigate the impact of raw material price fluctuations on profit margins[25] - The company is focusing on product innovation, channel upgrades, and brand building to maintain its competitive edge in the ergonomic market[27] - The company has implemented an employee stock ownership plan to enhance employee engagement and align interests with shareholders[28] - The company completed its first employee stock ownership plan, purchasing 923,300 shares at an average price of 39.6483 CNY per share, totaling 36,607,262.80 CNY, representing 0.66% of the total share capital[29] Regulatory and Compliance - The company has not reported any non-compliance with fundraising management regulations during the reporting period[37] - There were no significant changes in project feasibility or any unutilized raised funds as of March 31, 2021, amounting to CNY 292.34 million[37] - The company received acceptance from the Shenzhen Stock Exchange for its application to issue shares to specific targets on February 22, 2021[30]

Financial Performance - The company achieved operating revenue of ¥1,940,664,262.01 in 2020, representing a 98.42% increase compared to ¥978,069,230.65 in 2019[27]. - Net profit attributable to shareholders reached ¥217,094,213.73, a significant increase of 244.70% from ¥62,980,526.80 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥184,740,280.50, up 277.30% from ¥48,963,997.58 in 2019[27]. - The company reported a weighted average return on equity of 24.17%, an increase of 15.94 percentage points from 8.23% in 2019[27]. - Total assets at the end of 2020 amounted to ¥2,867,334,027.65, reflecting a 90.76% increase from ¥1,503,124,846.39 at the end of 2019[27]. - The company reported a net cash flow from operating activities of ¥216,443,875.68, a 67.38% increase from ¥129,314,246.67 in 2019[27]. - The basic earnings per share increased to ¥1.57, up 241.30% from ¥0.46 in the previous year[27]. - In 2020, the company achieved a revenue of ¥1,940,664,262.01, representing a year-on-year growth of 98.42%[52]. - The net profit attributable to shareholders was ¥217,094,213.73, marking a significant increase of 244.7% compared to the previous year[52]. Research and Development - The company has a strong commitment to research and development in new products and technologies[14]. - The company increased its R&D investment by 105.5% during the reporting period, enhancing product diversity and technological advancement[53]. - The company has 647 R&D personnel, with R&D expenses increasing by 105.5% year-on-year, and holds 987 valid patents, including 63 authorized invention patents[80]. - The company has invested in R&D, focusing on core technologies such as embedded systems, IoT, and 5G applications, ensuring it maintains a leading position in the ergonomic office industry[67]. - The company has established a health research institute to support continuous innovation and development of new products and technologies[67]. Market Expansion and Strategy - The company operates in various sectors, including ergonomic technology and smart home products, with a focus on market expansion[14]. - The company has established multiple subsidiaries in regions such as Vietnam and the Philippines to enhance its market presence[11]. - The company has established a manufacturing base in Vietnam in 2015, which played a crucial role in ensuring timely order delivery during the pandemic[69]. - The company is focusing on expanding its overseas market presence and enhancing its logistics capabilities, including the establishment of overseas warehouses[155]. - The company plans to leverage its advantages in cross-border e-commerce and independent station strategies to enhance market positioning[155]. - The company has seen significant growth in its cross-border e-commerce business, leveraging its long-standing experience and partnerships to offer competitive shipping rates[41]. - The company has established 17 overseas warehouses globally, with a total area of 154,000 square meters, enhancing logistics efficiency[52]. Product Offerings - The main products include ergonomic workstations, smart adjustable desks, and intelligent fitness equipment, focusing on health and comfort for office workers[27]. - The product lineup includes smart electric desks, children's learning desks, and multifunctional fitness bikes, designed to improve user comfort and health during work and study[39]. - The smart electric bed features dual motor drive and wireless remote control, catering to various user needs, including the elderly and those with sleep disorders[31]. - The company continues to focus on innovation in ergonomic design and smart technology integration for its products[27]. - The company focuses on health-oriented office solutions, providing products that facilitate sit-stand and sit-move transitions for users, particularly targeting sedentary individuals[43]. Financial Management and Dividend Policy - The company reported a cash dividend of 1.8 RMB per 10 shares (including tax) and a capital reserve increase of 3 shares for every 10 shares held[6]. - The total number of shares for the dividend distribution is based on 138,896,080 shares[6]. - The cash dividend accounted for 11.52% of the net profit attributable to the company's ordinary shareholders[167]. - The cash dividend distribution policy requires a minimum of 30% of the average distributable profit over three consecutive years to be distributed in cash[162]. - The company has maintained a consistent cash dividend policy, with no changes made during the reporting period[162]. - The company emphasizes the importance of maintaining a reasonable return on investment for public shareholders and ensuring sustainable development[159]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[5]. - The company has committed to ensuring the accuracy and integrity of its financial disclosures, with strict adherence to legal responsibilities regarding misleading statements and omissions since December 2017[168]. - The company has established a long-term commitment to fulfill its promises regarding information disclosure and investor compensation in case of losses due to misleading information[168]. - The company has a commitment to protecting shareholder rights and ensuring compliance with relevant laws and regulations regarding profit distribution policies[170]. Operational Efficiency - The company has implemented a strategic layout of self-owned warehouses to mitigate future rental cost risks associated with third-party warehouses[63]. - The company has a complete value chain business model covering market research, product planning, R&D, supply chain management, manufacturing, channel construction, brand marketing, and after-sales service, which enhances its competitive advantage[64]. - The company has developed an ERP system and e-commerce management system to improve operational efficiency and data analysis capabilities[143]. - The company is leveraging data analytics to inform its strategic decisions and improve operational efficiency[151]. Challenges and Risks - The company emphasizes the importance of risk awareness regarding forward-looking statements in its strategic plans[6]. - The prevalence of cervical spondylosis in China is 17.3%, with over 200 million patients, indicating a significant market opportunity for ergonomic products[137]. - The ergonomic home industry in China is entering a rapid development phase due to increasing consumer demand for health-oriented office and lifestyle products, leading to intensified competition[151].

Financial Performance - Operating revenue for the period reached CNY 586,016,180.59, a year-on-year increase of 138.52%[8] - Net profit attributable to shareholders surged by 524.06% to CNY 93,300,308.26[8] - The net profit after deducting non-recurring gains and losses increased by 287.98% to CNY 80,483,331.40[8] - Basic earnings per share rose by 294.12% to CNY 0.67[8] - The company's total revenue for the reporting period reached ¥1,219,075,534.92, representing a 73.05% increase compared to ¥704,479,831.00 in the same period last year, primarily due to significant growth in overseas sales[21] - Net profit for the period was ¥161,124,156.82, a substantial increase of 320.79% from ¥38,291,197.08 in the previous year, driven by increased revenue[21] - Total operating revenue for Q3 2020 reached ¥586,016,180.59, a significant increase from ¥245,690,113.33 in the same period last year, representing a growth of approximately 138%[50] - The net profit for the third quarter reached CNY 93,200,437.20, compared to CNY 14,807,995.15 in the previous year, marking an increase of about 528%[52] - The total profit for Q3 2020 was CNY 168,000,245.45, compared to CNY 42,848,564.73 in Q3 2019, which is an increase of about 292%[60] Asset and Liability Management - Total assets increased by 59.74% to CNY 2,401,123,725.21 compared to the end of the previous year[8] - The total liabilities increased by 56.36% to ¥631,523,575.00, compared to ¥403,902,772.67, primarily due to increased borrowing[20] - Current liabilities totaled ¥1,188,093,418.67, compared to ¥703,241,456.43 in the previous year, marking an increase of about 69%[44] - Total assets reached ¥2,401,123,725.21, up from ¥1,503,124,846.39, indicating a growth of approximately 60%[45] - Total liabilities amounted to CNY 651,755,074.57, with current liabilities at CNY 647,373,153.92[82] Cash Flow and Investments - Cash flow from operating activities increased by 35.79% to CNY 50,814,312.21[8] - Cash flow from operating activities increased by 43.74% to ¥128,992,817.45, up from ¥89,741,014.37, attributed to business growth[22] - Cash inflow from investment activities totaled CNY 175,792,500.67, compared to CNY 220,155,168.99 in the previous period, reflecting a decrease of around 20%[70] - Cash outflow for investment activities surged to CNY 658,749,260.84, up from CNY 84,049,628.50, resulting in a net cash flow from investment activities of -CNY 482,956,760.17[70] - Financing activities generated cash inflow of CNY 969,100,451.80, compared to CNY 514,321,085.39 in the previous period, marking an increase of approximately 88%[70] Shareholder Information - The company reported a total of 8,714 common shareholders at the end of the reporting period[12] - The largest shareholder, Ningbo Lijing Electronics Group Co., Ltd., holds 28.20% of the shares[12] - The company has not conducted any repurchase transactions during the reporting period[14] - The top 10 shareholders did not engage in any repurchase transactions during the reporting period[14] - The company’s actual controller holds a combined 59.79% of the shares through various entities[16] Research and Development - Research and development expenses rose by 98.48% to ¥45,652,633.73, compared to ¥23,001,271.94 in the previous year, reflecting increased investment in R&D[21] - Research and development expenses for Q3 2020 were CNY 15,706,557.16, which is an increase from CNY 8,778,825.47, reflecting the company's commitment to innovation[55] Market Strategy and Growth - The company has seen significant growth in both revenue and profit, indicating strong market demand and operational efficiency[8] - The company plans to continue expanding its overseas market presence and investing in new product development to sustain growth[21] - The company anticipates continued growth driven by its internationalization strategy and the increasing demand for ergonomic products amid the pandemic[33] Stock and Equity Management - The company has a total of 10,795,683 shares that are subject to lock-up agreements, with specific release dates outlined[17] - The company has implemented a stock option incentive plan, with stock options granted on July 23, 2020[26] - The company increased its share capital by 6 shares for every 10 shares held, resulting in a total of 52,086,030 new shares issued, raising total share capital to 138,896,080 shares[34] Financial Compliance and Governance - The company has not disclosed any related party transactions among the top shareholders during the reporting period[14] - The company has no reported instances of non-compliance regarding external guarantees during the reporting period[35] - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[36]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥633,059,354.33, representing a 37.98% increase compared to ¥458,789,717.67 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥68,153,755.93, a significant increase of 190.22% from ¥23,483,733.07 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥61,817,619.13, up 277.70% from ¥16,366,902.61 in the same period last year[18]. - The net cash flow from operating activities was ¥78,178,505.24, an increase of 49.42% compared to ¥52,320,972.75 in the previous year[18]. - The basic earnings per share rose to ¥0.79, a 192.59% increase from ¥0.27 in the same period last year[18]. - Total assets at the end of the reporting period were ¥1,763,630,425.86, reflecting a 17.33% increase from ¥1,503,124,846.39 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased to ¥853,535,054.81, a rise of 7.42% from ¥794,558,794.13 at the end of the previous year[18]. - The weighted average return on net assets was 8.24%, up from 3.17% in the same period last year, an increase of 5.07%[18]. Business Strategy and Operations - The company introduced a new cross-border e-commerce public overseas warehouse service project, expanding its service offerings to small and medium-sized foreign trade enterprises across China[26]. - The establishment of public overseas warehouses is crucial for small and medium-sized foreign trade enterprises, enabling them to overcome regional limitations and enhance their competitiveness in the cross-border e-commerce sector[38]. - The company has leveraged its extensive experience in cross-border e-commerce to help small and medium-sized enterprises expand internationally, achieving significant cost advantages with a shipping discount rate of approximately 35% compared to the typical 50-60% for smaller sellers[39]. - The company has focused on strategic partnerships for outsourcing low-value-added products to improve production capacity and delivery efficiency[44]. - The company has diversified its sales channels, including both online and offline strategies, with a strong emphasis on M2C direct sales through major e-commerce platforms like Tmall and Amazon[45]. - The company has established a robust supply chain management system, ensuring quality control and cost-effectiveness in procurement processes[42]. - The company aims to integrate resources and foster collaborative growth among enterprises in the cross-border e-commerce industry, promoting a sustainable development model[39]. Research and Development - The company has developed over 150 patents for its innovative products, showcasing its commitment to research and development[30]. - R&D expenses increased by 64.59% during the reporting period, enhancing product diversity and technological advancement[49]. - The company focuses on integrating IoT and sensing technology into its products, creating smart office and home environments[25]. - The company provides a comprehensive solution for users' health and productivity by offering products such as smart height-adjustable workstations and 5G smart meeting systems, addressing health issues related to prolonged sitting[36]. - The company has registered the "Loctek" trademark in 56 countries, enhancing its brand presence in international markets[69]. Financial Management - The company reported a financial expense of CNY 2,871,896.04, compared to a financial income of CNY 940,082.99 in the previous year, indicating a shift in financial performance[200]. - The company has not engaged in any entrusted loans during the reporting period, maintaining a conservative financial approach[119]. - The company has implemented a foreign exchange hedging strategy to mitigate risks associated with currency fluctuations, ensuring stable operational performance[118]. - The company has established a derivative trading management system to regulate foreign exchange hedging operations and enhance internal controls[118]. - The company has not engaged in any derivative investments during the reporting period[110]. Shareholder and Corporate Governance - The company plans to distribute a capital reserve bonus of 6 shares for every 10 shares held, with no cash dividends declared[4]. - The company held four shareholder meetings during the reporting period, with investor participation rates ranging from 62.55% to 64.66%[130]. - The company has not experienced any major litigation or arbitration matters during the reporting period[135]. - The company has not reported any litigation issues, reflecting a stable legal environment for its operations[118]. - The company has not engaged in any related party transactions during the reporting period[142]. Market Outlook and Challenges - The company faces risks from international political and economic conditions, particularly due to its significant export business, especially to the United States, which is its largest foreign sales region[124]. - The company is exposed to raw material price fluctuations, which could affect product gross margins and overall financial stability; it plans to enhance cost management and optimize supply chain resources[125]. - The competitive landscape in the ergonomic office furniture market is intensifying, with increasing competition potentially leading to a decline in average industry profit margins[126]. - The overall market outlook remains positive, with expectations of continued growth driven by increased demand for ergonomic products[116]. Capital and Investment - The company plans to issue convertible bonds totaling up to RMB 142 million to enhance production capacity, focusing on a project to upgrade production lines for 1.2 million ergonomic products annually[80]. - The company has invested in a manufacturing base in Vietnam, which has proven crucial for maintaining production during the pandemic and trade tensions[65]. - The company has committed to ensuring the effective use of raised funds to minimize investment risks and enhance efficiency[105]. - The total amount of raised funds is RMB 290.48 million, with RMB 3.16 million invested during the reporting period[100].

Financial Performance - Total revenue for Q1 2020 was CNY 233,799,642.51, representing a 3.11% increase compared to CNY 226,750,540.11 in the same period last year[8]. - Net profit attributable to shareholders was CNY 14,008,175.88, a 36.15% increase from CNY 10,288,589.45 year-on-year[8]. - Net profit after deducting non-recurring gains and losses surged by 340.83% to CNY 13,397,250.16 from CNY 3,039,067.66 in the previous year[8]. - Basic earnings per share increased by 33.33% to CNY 0.16 from CNY 0.12 in the same period last year[8]. - Operating profit reached 16.67 million yuan, reflecting a year-on-year growth of 41.49%[21]. - The company reported a total comprehensive income of CNY 14,013,405.70, compared to CNY 10,288,300.15 in the previous year[50]. - The company reported a net profit increase of 4.38% in undistributed profits from 328,698,896.44 to 343,193,921.59[65]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 79.68% to CNY 6,297,019.66 compared to CNY 30,991,642.29 in the previous year[8]. - Cash inflow from operating activities totaled 245,503,350.51 CNY, slightly down from 246,138,565.12 CNY year-over-year[57]. - Cash outflow from operating activities was 239,206,330.85 CNY, compared to 215,146,922.83 CNY in the previous year, indicating an increase of approximately 11.2%[57]. - Current assets increased to CNY 1,132,988,124.98 as of March 31, 2020, up from CNY 1,063,601,375.55 as of December 31, 2019, representing a growth of approximately 6.9%[39]. - Total assets at the end of the reporting period were CNY 1,570,625,315.38, up 4.49% from CNY 1,503,124,846.39 at the end of the previous year[8]. - Total liabilities increased to CNY 745,780,396.91 as of March 31, 2020, compared to CNY 708,195,058.78 at the end of 2019, reflecting a rise of approximately 5.3%[41]. Investments and R&D - The company increased its investment in research and development, with R&D expenses rising by 62.52% to 12.10 million yuan[20]. - The company has invested CNY 4,000 million in financial products, with the remaining funds stored in a dedicated account[32]. - The project for producing 100,000 monitor brackets and 35,000 lifting platforms has achieved a utilization rate of 86.06%[31]. - The mold center upgrade project has a utilization rate of 89.98% with cumulative investment of 3,131.22 million[31]. - The R&D and design center upgrade project has a utilization rate of 57.64% with cumulative investment of 2,989.43 million[31]. Market and Operational Strategy - The increase in revenue was driven by the shift to remote work due to the COVID-19 pandemic, with the company's products aligning well with this trend[21]. - The company plans to continue expanding its market presence and product offerings in response to changing consumer needs[21]. - The company aims to raise up to RMB 30 million through the issuance of convertible bonds, with net proceeds intended for projects including the production line upgrade for 1.2 million ergonomic products and expansion of the Vietnam production base[27]. - The company continues to focus on product innovation and upgrading, channel enhancement, brand building, and international market layout to achieve strategic goals[25]. Risks and Compliance - The company faces risks from fluctuations in raw material prices, which could impact product gross margins and overall operational stability[24]. - The company is exposed to exchange rate fluctuations, particularly as a significant portion of revenue is generated in USD, which could affect competitiveness and result in foreign exchange gains or losses[25]. - The company has identified risks related to intensified industry competition, which may lead to declining average profit margins in the ergonomic furniture sector[26]. - The company is currently undergoing the re-certification process for high-tech enterprise status, which could impact tax benefits if not successfully renewed[26]. - The company has confirmed that there are no violations regarding the management of raised funds, and all disclosures regarding the use of these funds are accurate and timely[33]. Shareholder Information - The top shareholder, Ningbo Lijing Electronics Group Co., Ltd., holds 28.06% of the shares, amounting to 24,478,320 shares[12]. - The company does not have any plans for share repurchase transactions among the top shareholders during the reporting period[13].