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].