Financial Performance - The company's revenue for Q1 2022 was CNY 182,565,252.51, representing a 4.48% increase compared to CNY 174,739,962.71 in the same period last year[5]. - Net profit attributable to shareholders decreased by 42.49% to CNY 16,457,489.17 from CNY 28,617,436.78 year-on-year[5]. - Total operating revenue for Q1 2022 was CNY 182,565,252.51, an increase of 4.73% compared to CNY 174,739,962.71 in the same period last year[36]. - Net profit for Q1 2022 was CNY 16,457,489.17, a decrease of 42.52% compared to CNY 28,617,436.78 in Q1 2021[37]. - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 16,457,489.17, a decrease from CNY 28,617,436.78 in Q1 2021, representing a decline of approximately 42.5%[38]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0757, down from CNY 0.1316 in Q1 2021, indicating a decrease of about 42.5%[38]. Cash Flow - The net cash flow from operating activities fell by 51.64% to CNY 7,228,230.83, down from CNY 14,947,440.85 in the previous year[5]. - Cash inflow from operating activities for Q1 2022 was CNY 220,990,593.62, compared to CNY 203,955,978.67 in Q1 2021, reflecting an increase of approximately 8.5%[40]. - Cash inflow from investment activities was CNY 434,874,109.85 in Q1 2022, significantly higher than CNY 30,341,734.30 in Q1 2021, marking an increase of approximately 1,332.5%[41]. - Net cash flow from investment activities was negative at CNY -261,577,896.34 for Q1 2022, slightly improved from CNY -276,568,473.63 in Q1 2021[41]. - The company reported cash outflow from financing activities of CNY -4,027,242.65 in Q1 2022, compared to a positive cash flow of CNY 1,876,474.11 in Q1 2021[41]. Assets and Liabilities - Total assets decreased by 6.51% to CNY 913,495,198.46 compared to CNY 977,059,023.49 at the end of the previous year[5]. - Total liabilities decreased to CNY 178,389,067.85 from CNY 260,243,064.53, a reduction of 31.48%[34]. - Cash and cash equivalents at the end of the period were CNY 180,033,752.69, down 59.36% from CNY 443,508,189.56 at the beginning of the year[32]. - Inventory at the end of the period was CNY 200,901,805.32, down 8.61% from CNY 219,823,588.97 at the beginning of the year[32]. - The company’s total equity increased to CNY 735,106,130.61 from CNY 716,815,958.96, reflecting a growth of 2.00%[34]. Revenue Breakdown - The revenue from the "BUYDEEM" brand reached 145.92 million RMB, a year-on-year growth of 15.52%, accounting for 79.93% of total revenue[21]. - The domestic revenue for "BUYDEEM" in China was 128.96 million RMB, up 10.50% year-on-year, while overseas revenue surged by 76.45% to 16.96 million RMB[22]. - Revenue from electrical products was 99.76 million RMB, a 6.81% increase from the previous year, while revenue from peripheral products and ingredients grew by 40.22% to 46.16 million RMB[27]. - The OEM/ODM business revenue decreased by 24.32% year-on-year to 36.65 million RMB, reflecting weakened overseas demand[20]. Expenses - The company experienced a 63.87% increase in R&D expenses, totaling CNY 7,916,130.54, due to talent acquisition and project cost increases[11]. - Management expenses rose by 33.93% to CNY 19,613,202.13, mainly due to increased labor costs from talent acquisition[11]. - The company reported a significant increase in sales expenses, which rose to CNY 48,030,472.62 from CNY 37,709,867.93, marking a 27.66% increase[37]. - Total operating costs for Q1 2022 were CNY 172,151,873.02, up 14.77% from CNY 149,918,844.97 in Q1 2021[36]. Shareholder Information - The top ten shareholders include Crystal Electric Group with a 28.06% stake and Zhang Bei with a 24.51% stake, indicating significant ownership concentration[14]. - The total number of common stock shareholders at the end of the reporting period was 16,206[14]. Market Strategy - The company is actively expanding its overseas market presence while steadily advancing its domestic business[25]. - The company maintained high levels of investment in talent acquisition, brand promotion, warehousing, and digitalization since Q2 2021, despite facing challenges from fluctuating raw material prices and logistics disruptions[19]. - The company launched new products including the "Enamel Pot Pig Pig Powder Series" and various tea products, enhancing its product offerings[29].

Financial Performance - The company's operating revenue for 2021 was ¥846,913,164.92, representing a year-on-year increase of 20.84% compared to ¥700,875,386.58 in 2020[5]. - The net profit attributable to shareholders for 2021 was ¥108,489,245.04, an increase of 8.11% from ¥100,349,795.95 in 2020[5]. - The net profit after deducting non-recurring gains and losses was ¥101,103,721.68, up 11.60% from ¥90,591,037.35 in 2020[5]. - The total assets at the end of 2021 were ¥977,059,023.49, a 20.56% increase from ¥810,442,623.93 at the end of 2020[5]. - The net assets attributable to shareholders increased by 8.49% to ¥716,815,958.96 at the end of 2021 from ¥660,727,447.65 at the end of 2020[5]. - The basic earnings per share for 2021 was ¥0.4990, a decrease of 5.40% from ¥0.5275 in 2020[5]. - The weighted average return on equity was 15.98%, down 4 percentage points from 19.98% in 2020[5]. - The company achieved total revenue of 846.91 million yuan, a year-on-year increase of 20.84%[68]. - The net profit attributable to shareholders was 108.49 million yuan, reflecting a year-on-year growth of 8.11%[68]. - The "BUYDEEM" brand revenue reached 632.16 million yuan, up 26.15% compared to the previous year[71]. - The total revenue for the reporting period was 632.16 million yuan, a 26.16% increase compared to the previous year, with domestic revenue accounting for 90.71% and overseas revenue 9.29%[81]. - The company reported a total revenue of RMB 28,178.04 million for the year 2021[129]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[189]. Research and Development - The company reported a significant focus on R&D for new products and technologies, aiming to enhance its market competitiveness[15]. - R&D investment amounted to 30.78 million yuan, representing 4.87% of the revenue from the proprietary brand[64]. - The company holds a total of 210 patents, including 81 domestic invention patents[64]. - Research and development expenses rose to ¥30,778,996.21, a 16.43% increase from ¥26,435,637.82 in 2020, driven by increased personnel costs and new product development[109]. - The company's R&D investment in 2021 amounted to ¥30,778,996.21, representing 3.63% of total revenue, a slight decrease from 3.77% in 2020[110]. - The number of R&D personnel increased by 35.94% from 64 in 2020 to 87 in 2021, with a notable rise in the proportion of personnel holding bachelor's degrees[110]. - The company plans to increase R&D investment to foster product innovation and enhance user experience to combat market competition[146]. - The company is investing 100 million RMB in R&D for new technologies in the upcoming year[189]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies to increase its market share and reach[15]. - The company plans to expand its global business for the "BUYDEEM" brand, leveraging the trend of e-commerce globalization[36]. - The company has been expanding its overseas market since 2017, with a focus on North America, Japan, and Southeast Asia, utilizing various sales channels[56]. - The company achieved total revenue of 846.91 million yuan, a year-on-year increase of 20.84%[68]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[153]. - The company is exploring potential acquisitions to strengthen its technology portfolio, with a budget of 300 million RMB allocated for this purpose[155]. - Market expansion plans include entering three new international markets by the end of 2022[189]. Governance and Compliance - The company has established a robust governance structure, ensuring effective oversight and management of its operations[4]. - The company has a strong commitment to transparency, with all board members present for the report's approval, ensuring accountability[4]. - The company emphasizes investor relations management and has established effective systems to maintain relationships with investors and regulatory bodies[161]. - The company has implemented an internal audit system that effectively regulates management and ensures normal business operations[164]. - The board of directors has been restructured to include 3 independent directors, ensuring compliance with governance standards[158]. - The company has a diverse board with members holding various professional backgrounds, enhancing its governance structure[173]. - The company has not provided undisclosed information to major shareholders or actual controllers, ensuring compliance with governance standards[163]. - The independent directors have been involved in strategic decision-making processes to ensure compliance and governance[185]. Investor Relations and Communication - The company’s website and contact information are readily available for investor inquiries, promoting open communication[17]. - The company emphasizes the importance of risk awareness among investors regarding future strategic plans and forecasts[5]. - The company held two shareholder meetings during the reporting period, with investor participation rates of 58.29% and 58.94% respectively[169]. - The company has established a management system for information disclosure to ensure the authenticity, accuracy, completeness, timeliness, and fairness of disclosed information[161]. - The company has implemented a new performance evaluation system for management, aimed at improving operational efficiency and accountability[157]. Product Development and Innovation - The company focuses on improving dietary needs and aims to provide high-quality products and services under its "BUYDEEM" brand, including health pots, ovens, and steamers[36][38]. - The product matrix has expanded, with significant growth in the steam pot category, which increased by 75.60% year-on-year[73]. - The company launched several new products, including the "SmartK" health pot and various coffee-related products, expanding its diversified product matrix[77]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart home technology[152]. - The company aims to enhance its product matrix and user experience while exploring new product categories and life scenarios[137]. Operational Efficiency - The overall inventory turnover rate for the company was 2.48 times per year, indicating efficient inventory management[96]. - The total logistics and warehousing expenses amounted to 43.08 million yuan during the reporting period[97]. - The company has implemented a long-term incentive mechanism for employees to align their interests with the company's growth[66]. - The company conducts internal training for new employees to enhance their understanding of the company and its culture[200]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, which could impact cost control and operational performance[141]. - Currency exchange rate fluctuations pose a risk to the company's performance, as sales and imports are primarily settled in USD and HKD[143]. - The company will monitor raw material market changes and implement management measures to mitigate production impacts[142].

深圳市北鼎晶辉科技股份有限公司 2021 年第三季度报告 1 深圳市北鼎晶辉科技股份有限公司 2021 年第三季度报告 证券代码：300824 证券简称：北鼎股份 公告编号：2021-051 深圳市北鼎晶辉科技股份有限公司 2021 年第三季度报告 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。 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 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真实、准确、完整 3.第三季度财务会计报告是否经审计 □ 是 √ 否 4.审计师发表非标意见的事项 □ 适用 √ 不适用 2 深圳市北鼎晶辉科技股份有限公司 2021 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 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | ...

Financial Performance - The company's revenue for the first half of 2021 was CNY 354,296,042.50, representing a 26.56% increase compared to CNY 279,937,833.66 in the same period last year[26]. - The net profit attributable to shareholders for the first half of 2021 was CNY 50,106,695.97, an increase of 11.66% from CNY 44,873,516.03 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 44,948,289.04, up 8.63% from CNY 41,375,660.06 year-on-year[26]. - Basic earnings per share decreased by 16.24% to CNY 0.2305 from CNY 0.2752 in the same period last year[26]. - The company achieved a high-quality dual growth in revenue and profit, meeting expectations despite a high base from the same period last year[28]. - The company reported a net profit of CNY 8,868,186.15, compared to CNY 1,295,737.56 in the first half of 2020, showing significant growth[200]. Cash Flow and Assets - The net cash flow from operating activities decreased by 37.50% to CNY 26,296,835.31 from CNY 42,077,212.08 in the previous year[26]. - Total assets at the end of the reporting period were CNY 922,392,812.93, a 13.81% increase from CNY 810,442,623.93 at the end of the previous year[26]. - The company's total assets included cash and cash equivalents of CNY 346,988,405.63, a decrease of 31.82% compared to the previous year, mainly due to an increase in financial products[108]. - The company's inventory increased by 63.30% to CNY 196,044,513.17, driven by new product launches and market expansion efforts[108]. - The company's total liabilities increased to CNY 265,908,669.31 from CNY 149,715,176.28, marking an increase of about 77.5%[194]. Operational Challenges - The company faces challenges such as rising raw material prices, tight chip supply, and significant fluctuations in the RMB to USD exchange rate[26]. - The net cash flow from operating activities decreased by 37.50% year-on-year, primarily due to strategic material and raw material reserves, increased overseas product stocking, and investments in talent and brand promotion[30]. - The company has increased its strategic material and raw material reserves to ensure supply chain stability amid rising costs and tight chip supply[72]. Research and Development - The company's R&D investment during the reporting period was CNY 12.1044 million, accounting for 4.56% of the revenue from its own brand[65]. - Research and development expenses were CNY 12,104,402.01, slightly increasing from CNY 11,271,219.22 in the previous year, indicating a focus on innovation[200]. - The company plans to increase R&D investment to enhance product innovation and improve user experience to counter market competition risks[132]. Market Expansion and Strategy - The company plans to continue expanding its global business for its "BUYDEEM" brand, leveraging the trend of e-commerce globalization[38]. - The company is focusing on attracting and nurturing talent, brand promotion, self-operated store expansion, and digital construction to solidify the foundation for future brand development[30]. - The company is actively exploring new marketing channels, including live streaming and social media platforms[91]. Quality Control and Sustainability - The company has implemented a strict quality control system, certified by ISO9001:2015, ensuring high product quality and stability[68]. - The company is focused on sustainable product development and has launched a long-term product exchange program to promote environmental responsibility[89]. - The company has established a pollution prevention facility that operates normally, with no incidents of exceeding discharge limits[146]. Shareholder Information - The total number of shares remained unchanged at 217.4 million, with a portion of restricted shares released for trading on June 21, 2021[173]. - The largest shareholder, Crystal Electric Group, holds 28.06% of shares, totaling 61,000,000 shares[178]. - The total number of ordinary shareholders at the end of the reporting period is 17,207[178]. Legal and Governance - There were no significant legal disputes or administrative penalties during the reporting period[155]. - The company reported no non-operating fund occupation by controlling shareholders or related parties[150]. - The company reported a rental income of 5,874.75 thousand yuan from leasing factory space, which impacted profits by over 10%[165].

Financial Performance - The company's revenue for Q1 2021 was CNY 174,739,962.71, representing a 53.55% increase compared to CNY 113,799,379.50 in the same period last year[7] - Net profit attributable to shareholders was CNY 28,617,436.78, up 32.50% from CNY 21,597,643.57 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 26,086,697.60, reflecting a 24.67% increase from CNY 20,924,988.07 in the previous year[7] - The total operating revenue for Q1 2021 was CNY 32,510,257.19, an increase from CNY 25,203,177.89 in the same period last year, representing a growth of approximately 29.1%[51] - The net profit for Q1 2021 reached CNY 28,617,436.78, compared to CNY 21,597,643.57 in Q1 2020, indicating a year-over-year increase of about 32.5%[51] - The operating profit for the quarter was CNY 32,375,783.57, up from CNY 25,044,247.17 in the previous year, reflecting a growth of approximately 29.4%[51] Assets and Liabilities - The company's total assets increased by 8.69% to CNY 880,879,498.44 from CNY 810,442,623.93 at the end of the previous year[7] - The total liabilities decreased by 58.50% to 8.98 million yuan, mainly due to the payment of last year's bonuses[16] - Total liabilities rose to CNY 191,534,614.01, up from CNY 149,715,176.28, indicating an increase of approximately 28.0%[43] - The company's total liabilities increased from CNY 149,715,176.28 to CNY 214,738,303.30, indicating a rise of CNY 65,023,127.02 due to the new leasing standards[67] Shareholder Information - The net assets attributable to shareholders rose by 4.33% to CNY 689,344,884.43 compared to CNY 660,727,447.65 at the end of last year[7] - The total number of shareholders at the end of the reporting period was 18,232[11] Cash Flow - The net cash flow from operating activities was CNY 14,947,440.85, a marginal increase of 0.65% compared to CNY 14,850,293.88 in the previous year[7] - The cash inflow from sales of goods and services reached ¥187,551,855.49, compared to ¥127,157,090.54 in the previous period, indicating a significant increase[58] - The net cash flow from investment activities was -¥276,568,473.63, worsening from -¥169,362,183.51 in the previous period[59] - The company reported a net decrease in cash and cash equivalents of -¥259,584,649.88, compared to -¥151,478,164.19 in the previous period[60] Revenue Breakdown - The "BUYDEEM" brand generated revenue of 126.32 million yuan in Q1 2021, reflecting a 44.77% year-over-year growth[18] - ODM/OEM business revenue increased by 82.42% year-over-year, reaching 48.42 million yuan in Q1 2021[21] - The overseas market for the "BUYDEEM" brand experienced a staggering 5,429.92% growth, generating 9.68 million yuan in revenue[24] Expenses and Costs - The sales expenses rose by 47.05% to 37.71 million yuan, driven by increased investments in brand promotion and talent acquisition[17] - The total operating costs for the quarter were CNY 149,918,844.97, up from CNY 89,551,134.22 in the previous year, representing an increase of approximately 67.5%[50] - Research and development expenses amounted to CNY 4,830,806.87, slightly higher than CNY 4,269,893.62 in the same quarter last year, showing an increase of about 13.1%[50] Investment Activities - The company reported non-recurring gains totaling CNY 2,530,739.18 for the period[8] - The company's investment activities resulted in a net cash outflow of 276.57 million yuan, a 63.30% increase in outflow compared to the previous year[16] - The total amount of raised funds is 281.78 million CNY, with 14.17 million CNY invested in the current quarter[31] Project Updates - The Kitchen Small Appliances Expansion Project has a total commitment of 109.09 million CNY, with 17.92% of the project completed by June 30, 2024[31] - The offline marketing for Quality Life Kitchen Small Appliances has a total commitment of 22.53 million CNY, with 90.76% of the project completed by December 31, 2021[31] - The online marketing network for Quality Life Kitchen Small Appliances has a total commitment of 99.40 million CNY, with 95.57% of the project completed by December 31, 2021[31] Corporate Governance - The company has not encountered any major difficulties or risks that would adversely affect its future operations[29] - The company has no violations regarding external guarantees during the reporting period[34] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[35] Communication and Reporting - The company held investor communication activities on January 13, 2021, and March 30, 2021, discussing various topics with institutional investors[37] - The company has disclosed its financial statements for the first quarter of 2021, indicating ongoing financial management practices[39] - The first quarter report for 2021 was not audited, which may impact the reliability of the financial data presented[71]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[6] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[6] - The company's operating revenue for 2020 was CNY 700,875,386.58, representing a 27.17% increase compared to CNY 551,151,210.48 in 2019[5] - The net profit attributable to shareholders for 2020 was CNY 100,349,795.95, a 52.56% increase from CNY 65,777,701.00 in 2019[5] - The net profit after deducting non-recurring gains and losses was CNY 90,591,037.35, up 55.18% from CNY 58,376,160.53 in 2019[5] - The total assets at the end of 2020 reached CNY 810,442,623.93, a 95.56% increase from CNY 414,424,238.07 at the end of 2019[5] - The net assets attributable to shareholders increased by 105.67% to CNY 660,727,447.65 at the end of 2020 from CNY 321,249,251.70 at the end of 2019[5] - The company reported a weighted average return on equity of 19.98% for 2020, down 2.22 percentage points from 22.20% in 2019[5] - The cash flow from operating activities for 2020 was CNY 94,088,840.08, a 14.10% increase from CNY 82,460,331.25 in 2019[5] - The company achieved a total revenue of 700.88 million CNY in 2020, representing a year-on-year growth of 27.17%[64] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 90.59 million CNY, an increase of 55.18% compared to the previous year[64] Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling approximately 54.35 million RMB[6] - The cash dividend policy for the reporting period includes a distribution of 2.5 CNY per 10 shares, totaling 54,350,000 CNY, which represents 100% of the total profit distribution[139] - The company declared a cash dividend of ¥97,830,000 for the year 2020, representing 97.49% of the net profit attributable to ordinary shareholders[141] - In 2019, the company did not declare any cash dividends, while in 2018, the cash dividend was ¥73,372,500, which was 107.87% of the net profit attributable to ordinary shareholders[141] - The total number of shares for the cash dividend distribution is based on 217,400,000 shares, with no stock bonuses or capital increases planned for this period[140] Market Expansion and Product Development - The company plans to continue expanding its global business for the "BUYDEEM" brand, focusing on high-quality appliances and services[26] - The company is expanding its market presence in Southeast Asia, with a projected investment of 100 million RMB over the next two years[6] - New product development includes the launch of three innovative kitchen appliances, expected to contribute an additional 200 million RMB in revenue[6] - The company aims to enhance its product offerings around health-oriented dietary needs and various cooking scenarios[26] - The company launched new products such as the "Touch Control K159T Health Pot" and "Multi-functional Portable Health Pot Mini K" to meet diverse consumer needs[44] - The company launched several new products, including the "T535 Violet Multifunctional Oven" and "Speedy S Series Instant Hot Water Dispenser," expanding its product matrix across various user scenarios[72] - The company plans to expand its product matrix and explore more product categories to meet diverse user needs in cooking, baking, tea, and coffee[125] Research and Development - The company is investing in R&D, allocating 10% of its revenue to develop smart home technologies[6] - The company invested 26.44 million CNY in R&D, accounting for 5.28% of its revenue from its own brand[57] - The company holds 211 patents, including 80 domestic invention patents and 31 overseas patents[57] - Research and development expenses reached ¥26,435,637.82, accounting for 3.77% of total revenue, with a 20.65% increase from the previous year[99] - The company aims to enhance its research and development efforts to innovate products and improve user experience, thereby mitigating market competition risks[133] Sales and Marketing - The company expanded its online sales channels, including Tmall and JD.com, and enhanced user experience through its own app and WeChat mini-program[39] - The company achieved a "zero suspected, zero infection" status among employees during the pandemic, allowing for a swift return to normal production levels[43] - The company emphasized a strict supplier evaluation process to ensure the reliability and competitiveness of raw materials[41] - The company aims to enhance user engagement and product offerings by focusing on direct-to-consumer channels and improving user experience[56] - The company plans to enhance its overseas marketing localization strategy, focusing on North America, Japan, Taiwan, and Southeast Asia[77] - The company aims to enhance user experience and expand channels through various marketing methods, including digital marketing and KOL collaborations[126] Operational Efficiency and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the market[6] - The company is facing risks related to raw material price fluctuations, which could impact cost control and operational performance[130] - The company is also exposed to exchange rate fluctuations, particularly as its overseas sales are primarily settled in USD, which may introduce uncertainty in performance[131] - The company implemented a production model focused on "order + safety stock" to ensure timely delivery while maintaining quality[38] - The company has been actively exploring overseas markets, with significant growth in North America, Japan, and Southeast Asia since 2017[40] Financial Health and Stability - The company has not faced any bankruptcy restructuring matters during the reporting period, reflecting its financial health[154] - The company has no significant guarantees or major contracts that could impact its financial stability[166] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[147] - The company has made changes to its accounting policies in accordance with national standards, effective from August 18, 2020[148] - The company is classified as a key pollutant discharge unit, with various pollutants monitored and reported to be within the standards[171] - The company has implemented effective pollution control measures, with no instances of exceeding discharge limits reported[173] Shareholder Structure and IPO - The company successfully completed its first public offering of 54,350,000 A-shares during the reporting period, increasing total shares to 217,400,000[179] - The company completed its initial public offering (IPO) of 54.35 million shares at a price of RMB 5.91 per share, increasing the total share capital from 163.05 million to 217.40 million shares[181] - The total number of shareholders increased to 21,558 by the end of the reporting period, up from 19,136 at the end of the previous month[185] - The largest shareholder, Jinghui Electric Group, holds 28.06% of the shares, amounting to 61 million shares[185] - The second-largest shareholder, Zhang Bei, owns 24.30% of the shares, totaling 52.84 million shares[185] - The company’s earnings per share were diluted due to the increase in total shares from the IPO[181] - The company’s total share capital after the IPO is 217.40 million shares, with 54.35 million shares newly issued[183] - The controlling shareholder is Crystal Bright Electric Group Co., Ltd., with a nature of foreign investment and established on October 29, 1999[189] Compliance and Governance - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency in its financial dealings[157] - The company is in compliance with the commitments made regarding shareholding lock-up and reduction intentions[144] - The company has a long-term commitment to measures for compensating the dilution of immediate returns[144] - The company has reported that there are no false records or misleading statements in the prospectus[144] - The company’s major shareholders and actual controllers have fulfilled their commitments during the reporting period[143]

Financial Performance - Revenue for the reporting period was CNY 160.84 million, representing a 26.84% increase compared to the same period last year[9]. - Net profit attributable to shareholders was CNY 23.24 million, an increase of 82.84% year-on-year[9]. - Basic earnings per share rose to CNY 0.1069, up 37.05% compared to the same period last year[9]. - Total operating revenue for Q3 2020 reached ¥160,839,093.47, compared to ¥126,809,342.31 in the same period last year, indicating a significant increase[40]. - Net profit for Q3 2020 was ¥23,239,932.32, up from ¥12,710,444.55 in Q3 2019, reflecting a year-over-year growth of approximately 83.5%[42]. - The company's operating revenue for the current period reached ¥122,116,844.67, a significant increase from ¥71,777,562.70 in the previous period[45]. - Operating profit for the current period was ¥15,522,469.45, compared to ¥3,081,767.52 in the previous period, indicating a strong growth[46]. - Net profit for the current period was ¥12,421,494.07, up from ¥2,810,709.72 in the previous period, reflecting a growth of approximately 342%[46]. - The total comprehensive income for the current period was ¥68,113,448.35, compared to ¥43,020,205.96 in the previous period, showing a growth of about 58.5%[50]. - Basic and diluted earnings per share increased to ¥0.3760 from ¥0.2638 in the previous period, representing a growth of approximately 42.7%[50]. Assets and Liabilities - Total assets reached CNY 758.73 million, an increase of 83.08% compared to the previous year[9]. - Net assets attributable to shareholders increased to CNY 628.49 million, up 95.64% year-on-year[9]. - Total current assets reached ¥707,239,637.22, up from ¥363,695,157.71 at the end of 2019, indicating a significant increase of about 94.4%[32]. - The company's total assets increased significantly, with a notable rise in construction in progress by 37.75% to ¥3,321,207, reflecting investments in equipment upgrades and renovations[19]. - Total liabilities rose to ¥130,240,567.42 from ¥93,174,986.37, marking an increase of about 39.9%[34]. - The company's total liabilities increased to ¥99,532,499.73 from ¥67,241,345.25, representing a rise of about 48%[38]. - Total liabilities were CNY 67,241,345.25, with current liabilities at CNY 66,613,145.25 and non-current liabilities at CNY 628,200.00[70]. Cash Flow - The net cash flow from operating activities was negative CNY 23.51 million, a decrease of 375.81% compared to the previous year[9]. - The net cash flow from operating activities decreased by 47.90% to ¥18,563,934, mainly due to increased internal sales expenses and cash payments for inventory[22]. - The company reported a 980.08% increase in net cash flow from financing activities to ¥236,743,441, primarily due to funds raised from the IPO[22]. - The net cash flow from operating activities was -45,179,284.81, a decrease from 74,888,031.08 in the previous period, indicating a significant decline in operational performance[59]. - The net cash flow from financing activities was 236,743,441.11, a significant improvement from a net outflow of -¥26,900,216.22 in the previous period[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,183[13]. - The largest shareholder, Jinghui Electric Group Co., Ltd., held 28.06% of the shares, totaling 61 million shares[13]. - The company proposed a cash dividend of ¥2 per share, with a distribution ratio of 8 shares for every 10 shares held, based on a total share capital of 217,400,000 shares[24]. - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[15]. Expenses and Taxation - The total profit tax expense increased by 102.32% to ¥10,498,739, reflecting the growth in total profit[21]. - Research and development expenses for Q3 2020 were ¥5,242,512.97, slightly up from ¥5,160,972.99 in the previous year[41]. - The tax expense for the current period was ¥2,193,086.35, significantly higher than ¥428,861.91 in the previous period, reflecting increased profitability[46]. Investor Relations and Compliance - The company conducted investor relations activities with 36 institutions, including major securities firms, during August 20-21, 2020[28]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[23]. - There were no violations regarding external guarantees during the reporting period[26]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[27]. - The report for the third quarter was not audited[71].

Financial Performance - The company's operating revenue for the current reporting period is ¥279,937,833.66, representing a 13.24% increase compared to ¥247,218,089.15 in the same period last year[15]. - The net profit attributable to shareholders for the current period is ¥44,873,516.03, which is a 48.05% increase from ¥30,309,761.41 year-on-year[15]. - The net profit after deducting non-recurring gains and losses is ¥41,375,660.06, reflecting a 54.15% increase compared to ¥26,840,322.41 in the previous year[15]. - The net cash flow from operating activities is ¥42,077,212.08, up 55.25% from ¥27,103,650.72 in the same period last year[15]. - The total assets at the end of the reporting period are ¥762,562,991.67, an increase of 84.01% from ¥414,424,238.07 at the end of the previous year[15]. - The net assets attributable to shareholders at the end of the reporting period are ¥648,731,167.73, which is a 101.94% increase from ¥321,249,251.70 at the end of the previous year[15]. - The company's operating revenue for the reporting period was ¥279,937,833.66, representing a year-on-year increase of 13.24% compared to ¥247,218,089.15 in the same period last year[68]. - The operating profit for the reporting period was RMB 47.54 million, a 90.34% increase from RMB 24.98 million year-on-year[90]. - The net profit for the reporting period was RMB 41.32 million, reflecting a 91.16% increase compared to RMB 21.62 million in the previous year[90]. Shareholder Information - The company reported a total of 217,400,000 shares as the basis for the profit distribution plan, proposing a cash dividend of 2 RMB per 10 shares (including tax) for all shareholders[4]. - The company reported a distributable profit of 113,985,186.44 RMB as of the reporting period[98]. - The total number of ordinary shareholders at the end of the reporting period was 103,416[134]. - The largest shareholder, Jinghui Electric Group, holds 28.06% of the shares, equivalent to 61 million shares[134]. - The second-largest shareholder, Zhang Bei, holds 24.30% of the shares, equivalent to 52.84 million shares[134]. - The company reported a total of 163,050,000 shares before the recent changes, which now stands at 217,400,000 shares after the issuance of 54,350,000 new shares[127][128][130]. Market and Business Strategy - The company has established a comprehensive channel network with over 500 offline stores in major provincial cities and has entered major e-commerce platforms such as Tmall, Taobao, and JD.com[22]. - The kitchen appliance market in China is projected to reach ¥646 billion by 2023, indicating significant growth potential[29]. - Online retail sales in the first half of 2020 reached ¥51,501 billion, with a year-on-year growth of 7.3%, highlighting the shift towards online consumption[31]. - The company plans to further strengthen brand building to establish "Buydeem" as a leading brand in high-quality kitchen lifestyle products[36]. - The company aims to enhance the quality of life by providing high-quality kitchen appliances and related products, focusing on the "BUYDEEM" brand and OEM/ODM business[190]. - The company plans to expand its product offerings, including health-oriented kitchen appliances such as health pots and ovens[190]. Research and Development - R&D investment amounted to 11.27 million yuan, an increase of 8.65% year-on-year, accounting for 4.03% of total revenue and 5.27% of self-owned brand revenue[55]. - The company plans to continue increasing R&D investment and product innovation to enhance user experience and strengthen channel construction to mitigate market competition risks[91]. - The company holds a total of 206 patents as of June 30, 2020, including 82 domestic invention patents and 31 foreign patents[37]. Environmental Compliance - The company has maintained compliance with environmental standards, with no exceedances reported in wastewater and air emissions during the monitoring period[117][121]. - The company has implemented a hazardous waste classification collection system, ensuring no illegal disposal incidents occurred[117]. - The company has established a self-monitoring program for environmental emissions, including daily checks on wastewater pH and flow, and quarterly sampling by third-party agencies[121]. - The company has a comprehensive emergency response plan for environmental incidents, which has been filed with local environmental authorities[119]. Financial Management - The company raised a total of ¥32,120.85 million through its IPO, with a net amount of ¥28,178.04 million after deducting issuance costs[78]. - The cash balance in the fundraising account at the end of the reporting period was ¥296,005,803.60, including interest[78]. - The company reported a significant increase in cash and cash equivalents, reaching ¥328,509,688.71, a 14,603.00% increase from -¥2,265,114.81, mainly due to IPO fundraising[68]. - The company reported a total cash inflow from investment activities of ¥233,366,594.22, compared to ¥147,267,919.16 in the previous year, indicating a year-over-year increase of about 58.5%[171]. Operational Efficiency - The operating cost decreased by 10.46% to ¥124,944,857.27 from ¥139,537,753.25, primarily due to higher gross margins from the self-owned brand business[68]. - Sales expenses increased by 50.25% to ¥68,910,821.97, attributed to the significant growth in self-owned brand business[68]. - The company maintained a stock turnover rate of 3.63 times per year, with a total online logistics order volume of 450,500 orders worth 217 million yuan[64]. - The average sales per store for offline direct sales was 9,720.61 yuan, showing a year-on-year growth of 6.82%[62]. Risk Management - The company has a commitment to addressing potential risks in its operations, as detailed in the section discussing risks and countermeasures[4]. - The company emphasizes the importance of product quality and food safety, implementing strict quality control measures to mitigate risks associated with product quality issues[92]. - Labor costs are rising due to a declining working-age population, prompting the company to improve employee benefits and automate manufacturing processes to reduce reliance on labor[93].