Financial Performance - The company's operating revenue for 2021 was approximately ¥755.79 million, representing a 5.79% increase compared to ¥714.44 million in 2020[19]. - The net profit attributable to shareholders decreased by 21.26% to ¥51.42 million in 2021 from ¥65.30 million in 2020[19]. - The net cash flow from operating activities was ¥55.66 million, down 17.19% from ¥67.21 million in the previous year[19]. - Basic earnings per share fell by 34.78% to ¥0.15 in 2021, compared to ¥0.23 in 2020[19]. - Total assets increased by 13.47% to ¥2.01 billion at the end of 2021, up from ¥1.78 billion at the end of 2020[19]. - The net assets attributable to shareholders rose by 3.51% to ¥1.42 billion at the end of 2021, compared to ¥1.37 billion at the end of 2020[19]. - The company reported a decrease in the weighted average return on equity to 3.69% in 2021 from 6.13% in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥42.04 million, a decline of 19.37% from ¥52.14 million in 2020[19]. - The total revenue for 2021 was ¥755,785,412.23, representing a year-on-year increase of 5.79% from ¥714,443,720.95 in 2020[57]. - The revenue from carton products was ¥671,735,019.47, accounting for 88.88% of total revenue, with a year-on-year growth of 9.25%[57]. Market and Industry Trends - The company plans to expand its market presence by focusing on high-end packaging solutions, which are increasingly in demand due to consumer upgrades[30]. - The domestic paper packaging market is expected to grow as environmental regulations reduce plastic usage, leading to a shift towards paper products[30]. - The corrugated packaging industry is expected to grow steadily due to increasing demand from downstream sectors like fast-moving consumer goods and e-commerce logistics[35]. - The overall industrial value added in the printing and recording media reproduction industry grew by 11.2%, outperforming the average growth rate of all industries[29]. - The company has identified opportunities for mergers and acquisitions to strengthen its market position and enhance operational capabilities[32]. Research and Development - The company has developed over 353 patents, focusing on core technologies in corrugated structure and water-based high-definition printing, enhancing product value and functionality[36]. - The company emphasizes R&D investment, which has strengthened its competitive advantage and supported market expansion efforts[38]. - The total R&D investment in 2021 amounted to ¥37,564,771.75, representing 4.97% of the operating revenue, an increase from 4.82% in 2020[72]. - The number of R&D personnel increased to 102 in 2021, up by 8.51% from 94 in 2020, with a notable increase in bachelor's degree holders by 29.40%[72]. - The company is currently in the product validation phase for a new adjustable embossing device aimed at enhancing product flexibility and operational performance[69]. Operational Efficiency - The company integrates advanced manufacturing technologies, achieving automation and smart logistics, which improves operational efficiency and reduces costs[36]. - The company has established a standardized production process and layout, ensuring production efficiency and product quality while reducing operational costs[42]. - The production cycle for the company's products typically ranges from 1 to 5 days, allowing for a strong supply capability to respond quickly to customer orders[42]. - The company has developed automated and intelligent production processes, significantly enhancing service capabilities and reducing costs[47]. - The company focuses on cost control through automation and optimization, significantly reducing labor and material costs[54]. Sustainability and Environmental Commitment - The company has successfully passed the first batch of national green product certifications for express packaging, reflecting its commitment to sustainable practices[39]. - The focus on green packaging solutions aligns with global trends towards sustainability, positioning the company favorably in the market[34]. - The company is responding to environmental policies by transitioning to more sustainable materials, such as replacing plastic with paper products[103]. - The company has implemented a comprehensive environmental management system and has passed the ISO 14001:2015 certification[174]. - The company has a strong commitment to environmental sustainability through the use of eco-friendly printing technologies[50]. Governance and Compliance - The company is committed to enhancing its governance structure and investor relations to protect shareholder interests and ensure compliance with regulations[112]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[113]. - The company has established a robust internal control system, ensuring no significant defects in financial reporting as of the evaluation report date[163]. - The internal control evaluation report indicates that all major aspects of financial reporting internal controls have been maintained effectively[163]. - The company has committed to continuous improvement of its internal control system to adapt to changing external and internal management requirements[161]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of ¥0.10 per 10 shares, totaling approximately ¥34.6 million based on 346 million shares[7]. - The company’s profit distribution policy states that cash dividends should not be less than 20% of the distributable profit for the year, provided certain conditions are met[152]. - The total cash dividend amount represents 100% of the distributable profit of 294,807,013.22 yuan[159]. - The company aims for a minimum cash dividend ratio of 80% when in a mature stage without major capital expenditures[153]. - The company has established a comprehensive performance evaluation system to align employee compensation with their responsibilities and contributions[150]. Financial Management - The company has implemented a rigorous accounts receivable management system to ensure timely and full recovery of receivables[44]. - The company is developing a comprehensive funding strategy, including attracting third-party strategic investors and refinancing to ensure stable financial support for operations[106]. - The company reported a fair value change of CNY -285,068.49 for other financial assets during the reporting period[86]. - The company has committed to using the raised funds in accordance with the relevant regulations and has disclosed the status of fund usage accurately[90]. - The company has a total of RMB 7,413.3 million in bank loans and working capital replenishment, fully utilized by the end of the reporting period[93].

龙利得智能科技股份有限公司 2022 年第一季度报告 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)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 龙利得智能科技股份有限公司 2022 年第一季度报告全文 证券代码：300883 证券简称：龙利得 公告编号：2022-018 □ 是 √ 否 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 161,064,856.06 | 159,794,192.52 | 0.80% | | 归属于上市公司股东的净利润（元） | 11,137,120.85 | 12,307 ...

[Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company experienced modest revenue growth but faced significant pressure on profitability and cash flow during the first three quarters of 2021 [Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's Q3 2021 revenue grew slightly, but profitability declined, with year-to-date net profit falling 16.21% due to rising costs Key Financial Indicators for Q3 2021 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change | Year-to-Date (YTD) | YTD YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 185,637,818.84 | 6.34% | 531,655,545.54 | 3.64% | | Net Profit Attributable to Shareholders (Yuan) | 11,570,050.54 | -22.02% | 38,779,102.98 | -16.21% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (Yuan) | 10,968,107.01 | -4.91% | 32,183,776.35 | -19.26% | | Net Cash Flow from Operating Activities (Yuan) | - | - | -16,433,433.12 | -172.32% | | Basic Earnings Per Share (Yuan/Share) | 0.0334 | -41.61% | 0.1121 | -37.13% | | Weighted Average Return on Equity | 0.84% | -0.67% | 2.80% | -1.99% | Key Balance Sheet Indicators at the End of the Reporting Period | Indicator | End of Current Period | End of Prior Year | Change from Prior Year-End | | :--- | :--- | :--- | :--- | | Total Assets (Yuan) | 1,872,610,586.14 | 1,775,053,582.60 | 5.50% | | Equity Attributable to Shareholders (Yuan) | 1,403,230,381.33 | 1,367,911,278.35 | 2.58% | [Non-recurring Profit and Loss Items and Amounts](index=2&type=section&id=%E4%B8%80%E3%80%81(%E4%BA%8C)%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Year-to-date non-recurring profit and loss totaled ¥6.60 million, primarily driven by government subsidies of ¥8.47 million Non-recurring P&L Items for the Year-to-Date Period | Item | YTD Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -280,986.67 | | Government Subsidies Included in Current P&L | 8,470,323.66 | | Other Non-operating Income/Expenses and Fair Value Changes | -288,626.49 | | Less: Income Tax Impact | 1,305,383.87 | | **Total** | **6,595,326.63** | [Changes in Key Financial Indicators and Reasons](index=2&type=section&id=%E4%B8%80%E3%80%81(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Net cash flow from operating activities dropped 172.32% due to increased procurement payments, while EPS fell over 37% from lower profits and share dilution - Net cash flow from operating activities **decreased by 172.32% YoY**, shifting from a net inflow of ¥22.72 million to a net outflow of ¥16.43 million, mainly due to increased payments for raw materials amid rising prices and tight supply[8](index=8&type=chunk) - Basic and diluted earnings per share **decreased by 37.13% YTD** and **41.61% in Q3**, primarily due to lower profits from rising raw material costs and an increased share count following the IPO[8](index=8&type=chunk)[9](index=9&type=chunk) [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) The company's shareholder base includes 25,429 holders with a relatively concentrated ownership structure, and a significant portion of pre-IPO restricted shares were released during the period [Shareholder Holdings](index=3&type=section&id=%E4%BA%8C%E3%80%81(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the period end, the company had 25,429 common shareholders, with a concentrated ownership structure among the top ten holders - The total number of common shareholders was **25,429** at the end of the reporting period[11](index=11&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding Ratio | Number of Shares | | :--- | :--- | :--- | | Zhang Yunxue | 12.39% | 42,875,000 | | Shanghai Long'erli Investment Development Co., Ltd. | 12.14% | 42,000,000 | | Chuzhou Junyuan Venture Capital Center (Limited Partnership) | 10.18% | 35,222,100 | | Xu Longping | 5.91% | 20,433,900 | | Shanghai Jinpu National Restructuring M&A Equity Investment Fund Partnership | 5.85% | 20,250,000 | - Shareholders Xu Longping and Zhang Yunxue have signed a Concerted Action Agreement, and Shanghai Long'erli Investment Development Co., Ltd. is controlled by Xu Longping[12](index=12&type=chunk) [Changes in Restricted Shares](index=4&type=section&id=%E4%BA%8C%E3%80%81(%E4%B8%89)%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Approximately 150 million pre-IPO restricted shares were released during the period, reducing the total number of restricted shares from 259.5 million to 109.3 million Overview of Changes in Restricted Shares | Item | Number of Shares (shares) | | :--- | :--- | | Restricted Shares at Beginning of Period | 259,500,000 | | Shares Released from Restriction This Period | 150,165,850 | | Restricted Shares Added This Period | 0 | | Restricted Shares at End of Period | 109,334,150 | - The shares released from restriction this period were primarily pre-IPO shares, with a scheduled release date of September 13, 2021[14](index=14&type=chunk)[15](index=15&type=chunk) [Other Important Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company advanced capital raising and business expansion initiatives, including a convertible bond issuance plan and the establishment of a new subsidiary - The company's proposal for a public issuance of convertible corporate bonds was approved by the Board of Directors and the shareholders' meeting in August and September 2021, respectively[16](index=16&type=chunk) - A new holding subsidiary established in Xinxiang, Henan, completed its business registration in September 2021[16](index=16&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) The financial statements show a 5.5% increase in total assets driven by construction in progress, while profitability was eroded by rising costs, and cash flow was strained by operating and investment activities [Consolidated Balance Sheet](index=5&type=section&id=%E5%9B%9B%E3%80%81(%E4%B8%80)1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2021, total assets grew 5.50% to ¥1.87 billion, driven by a significant increase in construction in progress, while total liabilities also rose Key Balance Sheet Items (Unit: Yuan) | Item | September 30, 2021 | December 31, 2020 | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **1,872,610,586.14** | **1,775,053,582.60** | **+5.50%** | | Prepayments | 103,954,504.26 | 72,641,721.77 | +43.11% | | Inventories | 347,436,851.15 | 264,164,564.13 | +31.52% | | Construction in Progress | 192,893,753.92 | 26,603,313.54 | +625.07% | | **Total Liabilities** | **469,380,204.81** | **407,142,304.25** | **+15.29%** | | Short-term Borrowings | 323,013,610.70 | 269,300,950.01 | +19.95% | | Long-term Borrowings | 46,122,777.04 | 0.00 | - | | **Total Equity Attributable to Parent Company** | **1,403,230,381.33** | **1,367,911,278.35** | **+2.58%** | [Consolidated Income Statement (Year-to-Date)](index=8&type=section&id=%E5%9B%9B%E3%80%81(%E4%B8%80)2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first three quarters of 2021, revenue grew 3.64% to ¥532 million, but net profit fell 16.21% as cost of sales outpaced revenue growth Key Income Statement Items (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 531,655,545.54 | 512,967,459.44 | +3.64% | | Cost of Sales | 426,616,991.44 | 379,704,716.32 | +12.35% | | R&D Expenses | 26,262,978.08 | 24,311,232.19 | +8.03% | | Total Profit | 41,417,877.15 | 51,649,464.73 | -19.81% | | Net Profit | 38,779,102.98 | 46,278,854.18 | -16.21% | | Basic Earnings Per Share | 0.1121 | 0.1783 | -37.13% | [Consolidated Cash Flow Statement (Year-to-Date)](index=10&type=section&id=%E5%9B%9B%E3%80%81(%E4%B8%80)3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The company faced significant cash flow pressure in the first three quarters of 2021, with operating activities turning to a net outflow and investment outflows increasing sharply Key Cash Flow Statement Items (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -16,433,433.12 | 22,723,135.89 | | Net Cash Flow from Investing Activities | -97,641,119.00 | -13,999,746.09 | | Net Cash Flow from Financing Activities | 87,228,542.09 | 455,966,462.59 | | Net Increase in Cash and Cash Equivalents | -26,811,958.50 | 464,643,070.01 | - Cash outflow from investing activities was primarily driven by **¥183 million** paid for fixed assets and other long-term assets and **¥36 million** for the acquisition of a subsidiary[27](index=27&type=chunk) - Cash inflow from financing activities mainly came from **¥329 million** in new borrowings, while outflows were primarily for the repayment of **¥229 million** in debt[27](index=27&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 346,017,726.70, representing a 2.25% increase compared to RMB 338,389,396.14 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 13.46% to RMB 27,209,052.44 from RMB 31,440,723.35 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 24.75% to RMB 21,215,669.34 compared to RMB 28,194,267.30 in the previous year[21]. - The net cash flow from operating activities was RMB 20,843,065.19, down 52.48% from RMB 43,862,436.47 in the same period last year[21]. - The basic earnings per share decreased by 35.15% to RMB 0.0786 from RMB 0.1212 in the same period last year[21]. - The company's total comprehensive income for the first half of 2021 was CNY 27,209,052.44, compared to CNY 31,440,723.35 in the first half of 2020, indicating a decrease of 13.4%[168]. - The total operating costs for the first half of 2021 were CNY 180,435,393.88, which is an increase of 10.0% from CNY 164,052,485.76 in the first half of 2020[168]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,851,370,231.39, an increase of 4.30% from RMB 1,775,053,582.60 at the end of the previous year[22]. - The total liabilities of the company were CNY 420,561,395.10, compared to CNY 374,051,489.99 at the end of 2020, indicating an increase of about 12.4%[156]. - The company's total equity attributable to the parent company increased to CNY 1,221,429,189.39 as of June 30, 2021, from CNY 1,202,604,682.86 at the end of 2020, showing a growth of approximately 1.6%[161]. Research and Development - Research and development expenses rose by 22.16% to ¥16,266,731.38, up from ¥13,315,450.53, indicating a significant increase in investment in R&D[59]. - The company has successfully passed multiple certifications, including HACCP, SA8000, FSC, ISO9001, ISO14001, BRC, ISO45001, and ISO22000, establishing stable business relationships with well-known domestic and international clients[30]. - The company has developed core technologies and independent intellectual property rights in areas such as corrugated structure and water-based high-definition printing, leading to lightweight and high-strength products that reduce costs for customers[39]. Market Position and Strategy - The company aims to transition from being a manufacturer to a packaging solution provider, offering comprehensive services from design to delivery, thereby enhancing customer relationships and profitability[48]. - The domestic paper packaging market is experiencing a shift towards high-end products, with increasing demand for lightweight, high-strength corrugated boxes from downstream consumer goods manufacturers[44]. - The company is positioned to benefit from the growing trend of green packaging, as regulations like the "plastic limit order" are expected to reduce the market share of plastic packaging in favor of paper packaging[43]. Operational Efficiency - The company has implemented a mature procurement system, ensuring that raw materials meet quality and cost requirements, with a focus on corrugated paper, ink, and other essential materials[33]. - The production cycle for the company's products typically ranges from 1 to 5 days, allowing for a strong response to customer orders[35]. - The company's automated production lines have improved production efficiency, allowing for quick responses to diverse customer orders, thus enhancing operational efficiency[55]. Environmental and Compliance - The company has established a comprehensive environmental management system and has passed the ISO 14001:2015 certification[104]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[102]. - The company maintains compliance with labor laws and regulations, ensuring employee rights protection[104]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,056[139]. - The largest shareholder, Zhang Yunxue, has no pledged, marked, or frozen shares[139]. - The company’s total share capital increased to 346,000,000 shares after the initial public offering[135]. Financial Management - The company reported a significant reliance on raw materials, with direct material costs accounting for approximately 80% of the main business costs during the reporting period[90]. - The company plans to enhance its marketing and service network to improve order conversion rates and strengthen its market brand position[89]. - The company has committed to invest RMB 10,000 million in the expansion of intelligent high-efficiency printing and molding lines, with a progress rate of 25.33% as of June 30, 2021[77].

Financial Performance - The company's revenue for Q1 2021 was ¥159,794,192.52, representing a 14.66% increase compared to ¥139,360,148.68 in the same period last year[9] - Net profit attributable to shareholders was ¥12,307,429.13, up 9.39% from ¥11,251,204.93 year-over-year[9] - The net profit after deducting non-recurring gains and losses decreased by 10.63% to ¥8,110,727.05 from ¥9,075,089.70 in the previous year[9] - Basic and diluted earnings per share were both ¥0.0356, down 17.97% from ¥0.0434 in the previous year[9] - Total operating revenue for the first quarter of 2021 was CNY 159,794,192.52, an increase from CNY 139,360,148.68 in the previous period[48] - Total operating costs for the first quarter of 2021 were CNY 152,355,199.14, up from CNY 128,984,308.61 in the previous period[49] - Net profit for the first quarter of 2021 was CNY 12,307,429.13, compared to CNY 11,251,204.93 in the same period last year, reflecting a growth of approximately 9.4%[50] Cash Flow - The net cash flow from operating activities was negative at -¥2,712,352.53, a decline of 120.97% compared to ¥12,932,403.78 in the same period last year[9] - The total cash inflow from operating activities was ¥188,293,121.58, compared to ¥161,429,388.82, representing an increase of 16.6%[57] - The net cash flow from financing activities was ¥31,067,859.74, down from ¥93,267,056.04 in the previous period, indicating a decrease of 66.7%[58] - Net cash flow from operating activities improved to $9,532,863.41 compared to $5,301,739.01 in the previous period, marking an increase of 79.5%[60] - Net cash flow from investment activities was negative at -$94,890,025.46, compared to -$1,112,965.60 previously[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,799,425,367.83, an increase of 1.37% from ¥1,775,053,582.60 at the end of the previous year[9] - The total amount of unused raised funds as of March 31, 2021, was CNY 202,542,777.08, with CNY 76,542,777.08 held in special accounts[39] - The total liabilities of the company as of March 31, 2021, were CNY 419,206,660.35, compared to CNY 407,142,304.25 at the end of 2020[41] - The company's equity attributable to shareholders reached CNY 1,380,218,707.48, up from CNY 1,367,911,278.35 at the end of 2020[42] Research and Development - Research and development expenses increased by 57.71% to CNY 8,693,526.85, indicating a stronger focus on R&D[20] - The company reported an increase in research and development expenses to CNY 8,693,526.85 from CNY 5,512,380.42, reflecting a commitment to innovation[49] - The company plans to increase R&D investment and has established a reasonable technology development and product innovation plan to enhance management capabilities and operational efficiency[25] Market and Competition - The company is facing risks from intensified market competition in the packaging industry, where the top 10 companies hold less than 10% market share[23] - The company has identified risks related to gross margin decline if it cannot enhance competitive advantages and improve pricing power[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,997[12] - The top ten shareholders held a combined 54.66% of the company's shares, with the largest shareholder holding 12.39%[13] Government Support - The company received government subsidies amounting to ¥4,694,561.24 during the reporting period[10] Compliance and Safety - The company has implemented safety production measures and introduced various quality management system certifications to mitigate fire risks associated with flammable paper materials[26] - The company has committed to improving compliance and safety production facilities through ongoing personnel training and upgrades[26] - There were no violations regarding external guarantees during the reporting period[32] Investment Activities - The company is expanding its smart and efficient printing and forming production line, with a project budget of 10,000 million yuan, and has achieved 19.15% progress as of June 30, 2021[30] - The company reported an investment cash outflow of ¥96,415,872.71, compared to ¥10,031,117.10 in the previous period, reflecting a substantial increase[58] Miscellaneous - The first quarter report was not audited, which may affect the reliability of the financial data presented[64] - The company has not encountered any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27] - The company has not reported any significant changes in project feasibility or expected benefits for the investment projects[30]

Financial Performance - The company's operating revenue for 2020 was approximately ¥714.44 million, a decrease of 18.02% compared to ¥871.48 million in 2019[17]. - The net profit attributable to shareholders for 2020 was approximately ¥65.30 million, down 24.07% from ¥86.00 million in 2019[17]. - The net cash flow from operating activities decreased by 42.67% to approximately ¥67.21 million in 2020, compared to ¥117.23 million in 2019[17]. - Basic earnings per share for 2020 were ¥0.23, a decline of 30.30% from ¥0.33 in 2019[17]. - The gross profit margin for the packaging manufacturing industry was 21.30%, down by 5.40% from the previous year[57]. - In 2020, the company's total revenue was approximately ¥714.44 million, a decrease of 18.02% compared to ¥871.48 million in 2019[55]. - The packaging manufacturing sector accounted for 100% of the total revenue, with the main products being cartons (86.06% of revenue) and boards (10.17% of revenue) showing declines of 18.61% and 21.65% respectively[55]. - The company reported a significant decrease in sales expenses, which fell by 84.11% to ¥7,137,876.56, due to the reclassification of transportation costs into operating costs[66]. Assets and Liabilities - Total assets at the end of 2020 increased by 39.22% to approximately ¥1.78 billion, compared to ¥1.27 billion at the end of 2019[17]. - The net assets attributable to shareholders rose by 44.97% to approximately ¥1.37 billion at the end of 2020, up from ¥943.61 million at the end of 2019[17]. - The company reported a 66.04% increase in inventory levels, rising from ¥1.25 million in 2019 to ¥2.08 million in 2020[58]. - The company's total liabilities amounted to RMB 407.14 million, representing a year-on-year growth of 22.86%[183]. - Cash and cash equivalents increased to ¥538,568,439.36, representing 30.34% of total assets, up from 26.05% at the beginning of the year, a 4.29% increase due to the issuance of 8.65 million new shares[73]. Investments and Acquisitions - The company acquired 100% of Shanghai Bocheng Machinery Co., Ltd. in November 2020, making it a wholly-owned subsidiary[62]. - The company invested ¥233,973,603.50 during the reporting period, a significant increase of 1,008.28% compared to the previous year[78]. - The company has committed to investment projects, with a total investment of RMB 100 million planned for the expansion of intelligent high-efficiency printing and forming[87]. - The cumulative investment in the intelligent high-efficiency printing project reached RMB 18.25 million, representing 18.25% of the planned investment by June 2021[87]. Market and Industry Outlook - The company anticipates facing various market risks and uncertainties in its future operations, as outlined in its strategic outlook[6]. - The Chinese packaging industry has become the second largest in the world, with a total output value exceeding ¥10 trillion in 2020, despite a year-on-year decline of 1.17%[96]. - The demand for high-end paper packaging is strong, driven by consumer upgrades and the need for lightweight, high-strength corrugated boxes[98]. - The industry is characterized by low concentration, with the top 100 printing companies generating a total revenue of ¥137.5 billion in 2019, indicating significant room for consolidation[99]. - The transition towards smart manufacturing and digital printing is expected to create new growth opportunities for the paper packaging sector[100]. Research and Development - Research and development expenses for 2020 amounted to ¥34,457,137.46, representing 4.82% of total revenue, a decrease from 4.53% in 2019[69]. - The company has established a technical R&D center to support continuous innovation and meet customer demands[114]. - The company has maintained a stable number of R&D personnel at 94, accounting for 18.22% of the workforce[68]. Corporate Governance and Compliance - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[129]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[139]. - The company has ensured compliance with the regulations regarding the management and use of raised funds, with no violations reported[91]. - The company has established a long-term commitment to transparency and accountability in its financial disclosures[135]. Shareholder Information - The company completed its initial public offering (IPO) of 86.5 million shares, increasing total share capital from 259.5 million to 346 million shares[177]. - The proportion of restricted shares after the IPO is 76.29%, while unrestricted shares account for 23.71% of total shares[177]. - Major shareholders include Zhang Yunxue with 12.39% (42,875,000 shares) and Shanghai Longerli Investment Development Co., Ltd. with 12.14% (42,000,000 shares)[186]. - The actual controllers of the company are Xu Longping and Zhang Yunxue, both of whom are natural persons and have not changed during the reporting period[191]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system and has passed the ISO 14001:2015 certification[166]. - The company donated CNY 100,000 in cash and supplies to support pandemic control efforts during the COVID-19 outbreak[166]. - The company is committed to developing green and environmentally friendly packaging products, aligning with its strategic vision for future growth[105].

龙利得智能科技股份有限公司 2020 年第三季度报告全文 龙利得智能科技股份有限公司 2020 年第三季度报告 2020 年 10 月 1 龙利得智能科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐龙平、主管会计工作负责人朱敏及会计机构负责人(会计主管 人员)岳永红声明：保证季度报告中财务报表的真实、准确、完整。 2 龙利得智能科技股份有限公司 2020 年第三季度报告全文 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -18,883.90 | | | 越权审批或无正式批准文件的税收返还、减免 | 0.00 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 8,004,529.94 | | | 除上述各项之外 ...