300756 金马游乐-投资者关系活动记录 | --- | --- | --- | --- | |------------------------|------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Overview and Performance - Guangdong Jinma Amusement Co., Ltd. is the first A-share listed company in China's amusement equipment manufacturing industry and is recognized as a leading enterprise in the sector [1] - In the first half of 2022, the net profit attributable to shareholders was 5.938 million yuan, with cash flow from operating activities increasing by 265% year-on-year [1] - Revenue from virtual immersive projects grew by 87.74% year-on-year, indicating strong market demand despite pandemic challenges [1] Group 2: Market Position and Competitive Advantages - The company has developed core technologies that are at the domestic leading and international advanced levels, allowing it to achieve import substitution in high-end amusement products [2] - Compared to many competitors focusing on a few product categories, the company offers a comprehensive range of amusement products, establishing strong partnerships with high-quality clients [2] - The company has a significant price competitiveness advantage over foreign counterparts, which is crucial for increasing market share in the domestic high-end amusement equipment market [3] Group 3: Strategic Initiatives and Future Outlook - The company is actively expanding its international market presence, particularly in Europe, South America, and Southeast Asia, leveraging its overseas subsidiaries [3] - Future product development will focus on digital, intelligent, and networked "smart amusement" products, incorporating cutting-edge technologies such as XR, AI, big data, and 5G [2] - The company anticipates that the revenue share from virtual immersive amusement projects will continue to rise, driven by the integration of culture and technology in the tourism industry [5] Group 4: Challenges and Risk Management - The ongoing pandemic has impacted business operations, including product transportation and project delivery, but the company is adapting by closely monitoring local pandemic developments [4] - The company has implemented strict sales and receivables management systems to mitigate risks associated with client credit and project cash flow [4] - Despite challenges, the company remains optimistic about future growth, with a strong order backlog exceeding 1.5 billion yuan and plans to enhance production capacity [5]

300756 金马游乐-投资者关系活动记录 广东金马游乐股份有限公司 | --- | --- | --- | --- | |------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------|-----------| | 投资者关系活动类别 | | 投资者关系活动记录表 \n□特定对象调研 □分析师会议 □业绩说明会 □新闻发布会 ■路演活动 ■现场参观 □其他 | □媒体采访 | | | 广东国健安基金 | 何卫国 | | | 参与单位名称及人员姓名 | 杭州韬晟资产 国 ...

300756 广东金马游乐股份有限公司 2022 年第三季度报告 广东金马游乐股份有限公司 2022 年第三季度报告 公告编号：2022-092 2022 年 10 月 1 300756 广东金马游乐股份有限公司 2022 年第三季度报告 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的 法律责任。 3、第三季度报告是否经过审计 □是 √否 2 300756 广东金马游乐股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 追溯调整或重述原因：会计政策变更 | | | 上年同期 | | 本报告期 比上年同 | | 上年同期 | | 年初至报 告期末比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期 | | | | 年初至报告 | | | 上年同期 | | | | | | 期增减 | 期末 | | | 增减 | | | | 调整前 | 调 ...

证券代码：300756 证券简称：金马游乐 公告编号：2022-085 广东金马游乐股份有限公司 关于参加 2022 广东辖区上市公司投资者网上集体 接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，广东金马游乐股份有限公司（以下 简称"公司"）将参加由广东证监局、广东上市公司协会共同举办的"2022 广东 辖区上市公司投资者网上集体接待日"活动。 本次活动将以网络远程互动方式在深圳市全景网络有限公司提供的网上平台 举行。投资者可以登录"全景•路演天下"网站（https://rs.p5w.net）参与本次 投资者集体接待日活动，网上互动交流时间为 2022 年 9 月 22 日（星期四）下午 15:50—16:50。 届时，公司董事长邓志毅先生、总经理刘喜旺先生、副总经理兼董事会秘书 曾庆远先生、财务总监郑彩云女士将通过网络互动形式，与投资者进行沟通与交 流。欢迎广大投资者积极参与。 特此公告。 广东金马游乐股份有限公司 董事会 2022 年 9 月 20 日 ...

Financial Performance - The company reported a total revenue of RMB 300 million for the first half of 2022, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was RMB 50 million, an increase of 20% compared to the same period last year[16]. - The company's operating revenue for the reporting period was CNY 213,349,443.19, a decrease of 22.20% compared to the same period last year[23]. - Net profit attributable to shareholders was CNY 5,938,024.25, reflecting a significant decline of 85.40% year-on-year[24]. - Basic and diluted earnings per share decreased to CNY 0.04, down 90.00% from CNY 0.25 in the same period last year[24]. - The company achieved a revenue growth of 87.74% in the report period, driven by the rapid growth of virtual immersive amusement projects that integrate various cultural and technological elements[41]. - The company reported a significant increase in revenue, achieving a total of 300 million RMB for the first half of 2022, representing a year-on-year growth of 25%[115]. - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 300 million yuan, representing a year-on-year growth of 25%[119]. User Engagement - User data indicated a growth in active users by 25%, reaching a total of 1.5 million active users[16]. - User data indicated a rise in active users, with a 15% increase compared to the previous year, reaching 1.5 million active users[115]. - User data showed an increase in active users, reaching 1.5 million, which is a 15% increase compared to the previous period[117]. Market Expansion and Strategy - The company plans to launch two new amusement park attractions by the end of 2022, aiming to enhance customer experience and drive revenue growth[16]. - Future outlook includes a projected revenue growth of 10% for the second half of 2022, driven by increased market demand and new product launches[16]. - The company has initiated a market expansion strategy targeting Southeast Asia, with plans to establish partnerships in three new countries by 2023[16]. - The company plans to expand its market presence by entering two new provinces in China by the end of 2022, aiming to increase its footprint in the amusement park sector[115]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[119]. Research and Development - Research and development expenses increased by 30% to RMB 20 million, focusing on innovative ride technologies and safety enhancements[16]. - The company has developed over 300 types of amusement facilities and 8 series of virtual immersive amusement projects, indicating strong R&D capabilities[32]. - The company is committed to technological innovation, maintaining its status as a national high-tech enterprise with multiple research centers and a leading R&D team[46]. - Investment in new product development increased by 30%, focusing on innovative amusement park technologies and attractions[115]. - The company has allocated 50 million yuan for research and development in new technologies aimed at improving customer experience and operational efficiency[118]. Financial Management and Investments - The company will not distribute cash dividends for this fiscal year, opting to reinvest profits into business growth initiatives[6]. - The company completed a share repurchase and capital increase plan, increasing total shares from 101,604,244 to 141,609,804[22]. - The total amount of funds raised by the company is RMB 53,860.00 million, with a net amount of RMB 45,044.00 million after deducting issuance costs[64]. - The company has not reported any significant changes in the expected benefits of the projects funded by the raised capital[68]. - The company has committed to a cash dividend level of no less than 20% of the distributable profits each year[110]. Risk Management - The company faces significant macroeconomic risks due to complex domestic and international economic conditions, which may challenge industry and market expansion[79]. - The ongoing pandemic has led to logistics disruptions, potentially delaying product delivery and extending sales collection periods, adversely affecting short-term operating performance[79]. - The company has established a comprehensive quality management system to mitigate risks associated with the safety and reliability of large amusement facilities, ensuring compliance with national regulations[80]. - A comprehensive risk management strategy is being implemented to address potential regulatory challenges and operational risks associated with market expansion[116]. Environmental Responsibility - The company is committed to sustainability and social responsibility in its operational strategies moving forward[16]. - The company has established a comprehensive environmental protection management system that is currently in effective operation[94]. - The company obtained a national pollutant discharge permit from the Zhongshan Ecological Environment Bureau, valid from July 8, 2020, to July 7, 2023[93]. - The company has implemented a self-monitoring plan for environmental hazards, ensuring compliance with discharge standards for pollutants such as toluene and total VOCs[95]. Corporate Governance and Shareholder Relations - The company established a cumulative voting system for the election of directors and supervisors, facilitating online voting for minority investors[100]. - The company emphasizes employee rights protection by providing a safe working environment and competitive welfare systems[102]. - The company has a dedicated investor relations management system to enhance understanding and recognition among investors[99]. - The management team pledged not to transfer benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[113]. Future Outlook - The company is focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[199]. - Future guidance indicates a cautious outlook with expectations of gradual recovery in market conditions[199]. - The company aims to become a leading brand in the global amusement industry, focusing on creating value for shareholders, employees, and partners[102].

Financial Performance - The company's revenue for Q1 2022 was ¥104,884,503.21, representing a decrease of 30.76% compared to ¥151,481,895.52 in the same period last year[5] - Net profit attributable to shareholders was ¥2,900,742.58, down 92.28% from ¥45,646,379.46 year-on-year[5] - Basic earnings per share decreased by 91.89% to ¥0.03 from ¥0.45 in the same period last year[5] - Net profit for Q1 2022 was CNY 2,546,927.46, a significant decline of 93.1% from CNY 37,058,912.44 in Q1 2021[30] - Earnings per share for Q1 2022 were CNY 0.03, compared to CNY 0.37 in the same quarter last year[31] - The company reported a decrease in net profit after deducting non-recurring gains and losses to ¥1,303,001.08, down 96.42% from ¥44,499,197.10 year-on-year[5] Cash Flow - The net cash flow from operating activities was -¥42,286,725.27, a decline of 208.42% compared to -¥13,710,610.69 in the previous year[5] - The net cash flow from operating activities was -42,286,725.27 CNY, compared to -13,710,610.69 CNY in the previous year, indicating a decline in operational performance[34] - Total cash inflow from investment activities was 100,135,309.60 CNY, down from 278,214,488.71 CNY year-over-year[34] - The net cash flow from investment activities was -154,935,973.28 CNY, compared to -17,505,381.29 CNY in the same period last year, reflecting increased investment outflows[34] - Cash flow from financing activities resulted in a net outflow of -3,083,481.42 CNY, compared to -153,999.99 CNY previously, indicating higher financing costs[35] - The ending balance of cash and cash equivalents was 466,230,651.18 CNY, down from 657,099,310.93 CNY at the end of the previous year[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,852,709,591.75, a decrease of 1.29% from ¥1,876,876,883.00 at the end of the previous year[6] - The total liabilities as of the end of Q1 2022 were CNY 736,158,750.47, down from CNY 763,490,429.74 at the end of the previous quarter[27] - Total equity attributable to shareholders of the parent company was CNY 1,102,137,328.79, an increase from CNY 1,098,654,125.70 in the previous quarter[27] - The company's cash and cash equivalents decreased to CNY 474,793,187.29 from CNY 674,718,534.66, representing a decline of approximately 29.6%[24] - The total current assets decreased to CNY 1,366,145,620.67 from CNY 1,401,960,187.50, reflecting a reduction of about 2.6%[25] Investments - The company reported a significant increase of 340% in trading financial assets, reaching ¥176,000,000.00 due to the purchase of financial products during the period[16] - The company experienced a 785.08% decline in net cash flow from investing activities, amounting to -¥154,935,973.28, primarily due to the purchase of financial products[16] - The company’s long-term equity investments remained stable at CNY 59,818,702.05, showing minimal change from CNY 59,809,978.80[25] - The company reported a financial income of CNY 4,694,790.26, down from CNY 5,427,437.75 in Q1 2021[30] Operational Costs - Total operating costs for Q1 2022 were CNY 100,321,391.95, down 7.5% from CNY 108,720,208.61 in Q1 2021[29] - Cash paid for purchasing goods and services was 77,135,830.25 CNY, up from 68,594,580.80 CNY in the previous year, indicating rising operational costs[34] - The company paid 54,784,673.86 CNY to employees, compared to 46,184,057.03 CNY in the same period last year, reflecting increased labor costs[34] - Research and development expenses for Q1 2022 amounted to CNY 8,104,954.69, an increase of 7.9% from CNY 7,511,652.18 in Q1 2021[30] Stock Issuance - The company plans to issue up to 20 million shares, which is not more than 19.68% of the current total share capital, to raise up to CNY 32,500,000[20] - The company is awaiting approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission for the stock issuance[21] - The company has committed to timely information disclosure regarding the progress of its stock issuance plan[22] Miscellaneous - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[36]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[12]. - The company's operating revenue for 2021 was ¥503,894,988.69, representing a 31.56% increase compared to ¥383,010,329.31 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥21,272,496.53, a significant turnaround from a loss of ¥20,160,581.67 in 2020, marking a 205.52% increase[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,395,966.20, up 136.25% from a loss of ¥36,949,381.65 in 2020[17]. - The company's cash flow from operating activities was negative at -¥63,319,090.50, a decline of 158.63% compared to ¥107,996,669.86 in 2020[17]. - The company reported a gross margin of 40% in 2021, up from 35% in the previous year[159]. - The company reported a net profit margin of 12% in 2021, up from 10% in the previous year, indicating improved operational efficiency[168]. Revenue and Growth Projections - The company has set a revenue target of RMB 1.5 billion for 2022, indicating a growth forecast of 25%[12]. - Future outlook indicates a projected revenue growth of 25% for 2022, driven by new product launches and market expansion strategies[167]. - The company plans to expand its new product offerings and business models to other regions in China, aiming to create additional growth points[63]. - The company is focusing on digital transformation, with plans to launch an online platform for user engagement by mid-2022[168]. User Engagement and Market Expansion - User data showed an increase in active users by 25% year-on-year, reaching 500,000 active users by the end of 2021[12]. - The company has expanded its user base, with active users increasing by 20% to reach 500,000 in 2021[168]. - The company is expanding its market presence by entering two new provinces in China, aiming to increase market share by 10%[12]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[163]. Product Development and Innovation - New product development includes the launch of three new amusement rides, expected to contribute an additional RMB 200 million in revenue[12]. - The company has developed over 300 types of large amusement facilities and 8 series of virtual immersive amusement projects, showcasing its innovation in the industry[33]. - The company is focusing on innovative product development, including new-generation roller coasters and immersive virtual products, to meet market demands and drive industry leadership[113]. - The company is actively involved in the development of new technologies and innovative amusement products, integrating cultural and technological elements[48]. Strategic Initiatives and Acquisitions - A strategic acquisition of a local competitor is planned, which is expected to enhance the company's operational capabilities and market reach[12]. - The company completed a strategic acquisition of a local competitor, which is expected to enhance its market share by 15%[168]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 100 million RMB allocated for this purpose[165]. Research and Development - The company has invested RMB 50 million in technology research and development to innovate its product offerings[12]. - Research and development expenses increased by 77.83% to CNY 99,496,220.48, reflecting a recovery in R&D activities post-pandemic[81]. - The company's R&D investment as a percentage of operating income was 19.75%, up from 14.61% in the previous year[83]. - The number of R&D personnel increased by 10.88% to 214, with a notable rise in the number of personnel holding a master's degree or higher[83]. Operational Efficiency and Management - The company has optimized its organizational management structure to enhance operational efficiency and responsiveness to market changes[62]. - The company has established a comprehensive quality management system that exceeds national standards, ensuring product safety and reliability[51]. - The company has implemented organizational changes to improve operational efficiency and talent cultivation, focusing on a customer-centric approach and enhancing the capabilities of various departments[119]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.45 per 10 shares, with a total payout based on a share base of 101,149,860 shares[5]. - The cash dividend accounted for 100% of the total profit distribution amount, reflecting the company's commitment to shareholder returns[186]. - The total distributable profit for the consolidated financial statements as of December 31, 2021, was CNY 452.70 million, while the parent company had a distributable profit of CNY 507.77 million[186]. Risk Management - The management highlighted potential risks including market competition and regulatory changes that could impact future performance[5]. - The company is facing macroeconomic risks due to complex global economic conditions, which may challenge its industry and international market expansion[121]. - The company is managing accounts receivable risks by carefully selecting clients and enhancing the management of receivables to reduce overdue accounts[125]. Corporate Governance - The company held 2 extraordinary general meetings and 1 annual general meeting during the reporting period, ensuring compliance with legal regulations and providing convenience for shareholders to exercise their rights[132]. - The board of directors consists of 5 members, including 2 independent directors, and held 8 meetings during the reporting period, adhering to legal and internal regulations[135]. - The company maintains complete independence from its controlling shareholder in terms of assets, business, personnel, and finance, ensuring autonomous operational capabilities[141].

Revenue and Profitability - The company's revenue for Q3 2021 reached ¥155,851,055.46, representing a 41.39% increase compared to the same period last year[4] - The net profit attributable to shareholders decreased by 32.85% to ¥13,504,166.79 in Q3 2021, while year-to-date net profit increased by 216.12% to ¥39,401,293.19[4] - The basic earnings per share for Q3 2021 was ¥0.13, down 35.00% year-on-year, while year-to-date earnings per share increased by 225.00% to ¥0.39[5] - Total operating revenue for the third quarter of 2021 reached CNY 430,094,147.41, a significant increase from CNY 258,020,883.27 in the same period last year, representing a growth of approximately 67.5%[24] - Net profit for the third quarter of 2021 was CNY 37,922,853.98, compared to CNY 12,464,173.39 in the previous year, reflecting a growth of approximately 204.5%[25] - The company reported a profit before tax of CNY 43,660,826.56, compared to CNY 13,855,627.48 in the previous year, indicating an increase of approximately 215.5%[25] - The net profit attributable to the parent company for Q3 2021 was CNY 39,401,293.19, compared to CNY 12,464,173.39 in the same period last year, representing a significant increase[26] - The company reported a comprehensive income total of CNY 37,922,853.98 for Q3 2021, compared to CNY 12,464,173.39 in the same period last year[26] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥1,776,348,864.08, a decrease of 1.84% from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to CNY 1,776,348,864.08, a decrease from CNY 1,809,703,597.93 at the end of 2020[21] - Total liabilities decreased to CNY 700,144,348.90 from CNY 784,793,646.42, showing a reduction of about 10.8%[22] - The company's total equity increased to CNY 1,076,204,515.18 from CNY 1,024,909,951.51, reflecting a growth of about 5%[22] - The company has a total of CNY 606.21 million in contract liabilities, indicating future revenue obligations[34] Cash Flow - The cash flow from operating activities showed a net outflow of ¥65,759,311.20, a significant decline of 199.03% compared to the previous year[13] - Cash inflow from operating activities totaled CNY 402,594,985.85, an increase from CNY 368,870,432.16 in the previous year[28] - The net cash flow from operating activities was negative at CNY -65,759,311.20, compared to a positive CNY 66,406,393.14 in the same period last year[28] - The net cash flow from investment activities was CNY 151,675,456.10, a recovery from a negative CNY -82,574,357.67 in the same period last year[29] - Cash inflow from investment activities was CNY 784,334,305.16, down from CNY 1,419,969,285.47 in the previous year[29] - Total operating cash outflow was CNY 468,354,297.05, compared to CNY 302,464,039.02 in the previous year[28] Research and Development - Research and development expenses increased by 131.50% to ¥83,731,973.52, reflecting the company's commitment to new product development[12] - Research and development expenses for the third quarter of 2021 were CNY 83,731,973.52, significantly higher than CNY 36,168,728.97 in the same period last year, representing an increase of approximately 131.5%[25] Other Financial Information - The company received government subsidies amounting to ¥659,567.77 during the reporting period, contributing to its financial performance[7] - The company has implemented new leasing standards affecting the financial statements starting from 2021[30] - The report indicates that the third-quarter financial results have not been audited[35] - The company has not applied the new leasing standards retrospectively for prior comparative data[35]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥274.24 million, representing an increase of 85.56% compared to ¥147.80 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥25.90 million, a significant increase of 438.65% from a loss of ¥7.65 million in the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.25, compared to a loss of ¥0.07 per share in the same period last year, marking a 457.14% improvement[21]. - The company's revenue for the reporting period reached ¥274,243,091.95, an increase of 85.56% compared to ¥147,795,316.46 in the same period last year, primarily due to increased product deliveries with less impact from the pandemic[52]. - The total comprehensive income for the first half of 2021 was ¥24,603,254.94, compared to a loss of ¥7,647,059.22 in the same period of 2020[176]. - The company reported a net loss of CNY 23,306,560 for the first half of 2021[195]. Assets and Liabilities - The company's total assets at the end of the reporting period were approximately ¥1.81 billion, a slight increase of 0.07% from ¥1.81 billion at the end of the previous year[21]. - The company's total assets amounted to ¥1,756,851,192.92, slightly up from ¥1,753,916,224.17 in the previous year[175]. - Total liabilities decreased to CNY 748,893,344.20 from CNY 784,793,646.42, a reduction of about 4.6%[167]. - Total equity increased to CNY 1,062,109,725.08, up from CNY 1,024,909,951.51, reflecting a growth of approximately 3.6%[167]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was negative at approximately -¥11.91 million, worsening by 180.37% compared to -¥4.25 million in the same period last year[21]. - The cash flow from operating activities was impacted by increased payments to employees, totaling 78,747,543.58 CNY, compared to 63,421,647.48 CNY previously[181]. - The total cash inflow from operating activities was 288,832,506.68 CNY, while total cash outflow was 300,747,241.69 CNY, resulting in a negative cash flow from operations[181]. Research and Development - The company is increasing its investment in R&D for large amusement facilities and immersive film projects to maintain its technological leadership and market competitiveness[31]. - The company's R&D investment surged by 165.04% to ¥55,411,552.56, driven by differences in product categories and progress during the reporting period[52]. - The company applied for 12 new patents during the reporting period, including 6 invention patents, and obtained 8 authorized patents, bringing the total authorized patents to 146, including 34 invention patents[45]. Market Strategy and Expansion - The domestic cultural tourism market is recovering strongly post-pandemic, leading to a favorable order expansion trend for the company[30]. - The company is actively pursuing market expansion and brand recognition through various channels, capitalizing on the inability of some foreign competitors to operate normally[44]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[192]. Environmental and Social Responsibility - The company has established a comprehensive environmental protection management system that is currently in effective operation[99]. - The company donated a total of 150,000 RMB to the Zhongshan Red Cross to support vulnerable groups and poverty alleviation efforts[106]. - The company has implemented a labor protection system, providing employees with benefits such as five social insurances and one housing fund, meals, dormitories, and transportation[105]. Risk Management - The company has faced operational risks and has outlined measures to address these risks in its management discussion section[6]. - The company is facing risks related to the pandemic, which could impact order acquisition and product delivery, and is implementing internal control measures to mitigate these risks[82]. - The company is managing risks associated with raw material price fluctuations, which could affect costs and profits, by optimizing supply chain resources and improving production processes[87]. Shareholder and Corporate Governance - The company held its annual general meeting on May 19, 2021, with an investor participation rate of 73.27%[91]. - The company has maintained a high standard of communication with shareholders and investors, ensuring their rights are protected[105]. - The company has not experienced any major litigation or arbitration matters during the reporting period[115].