Financial Performance - The company's revenue for Q1 2021 was ¥127,112,669, representing a 13.96% increase compared to ¥111,543,407 in the same period last year[7] - Net profit attributable to shareholders decreased by 1.35% to ¥19,319,261 from ¥19,584,620 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥18,114,692, down 6.26% from ¥19,323,947[7] - Basic and diluted earnings per share both decreased by 27.27% to ¥0.08 from ¥0.11[7] - The weighted average return on equity fell to 2.00%, down 3.08% from 5.08% in the previous year[7] - The company achieved operating revenue of 127.11 million yuan, a year-on-year increase of 13.96% due to normal business operations resuming in Q1 2021 after the impact of COVID-19 in 2020[16] - Total operating revenue for Q1 2021 was CNY 127,112,669, an increase from CNY 111,543,407.23 in the previous period[39] - The company's operating revenue for the current period is CNY 88,359,997.50, a decrease from CNY 107,682,373.73 in the previous period[44] - The net profit for the current period is CNY 11,554,593.89, down from CNY 17,866,749.09 in the previous period, representing a decline of approximately 35.5%[45] - The total comprehensive income for the current period is CNY 19,319,261.11, a decrease from CNY 19,584,620.06 in the previous period[45] Cash Flow - The net cash flow from operating activities was -¥69,545,768, a 73.62% increase in cash outflow compared to -¥40,055,648 in the same period last year[7] - The net cash flow from operating activities is -CNY 69,545,768.08, worsening from -CNY 40,055,648.18 in the previous period[49] - Total cash inflow from operating activities was 76,486,697.53 yuan, down from 110,713,562.24 yuan year-over-year[51] - Cash outflow from operating activities totaled 152,387,367.76 yuan, slightly increased from 151,367,511.95 yuan in the previous period[51] - The net cash flow from investing activities was 60,088,540.22 yuan, a significant improvement from -5,506,144.83 yuan in the previous period[53] - The company received 60,000,000.00 yuan from investment recoveries during the current period[53] - The cash inflow from investment activities was 60,646,577.11 yuan, with cash outflow totaling 558,036.89 yuan[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,052,871,410.82, a decrease of 2.37% from ¥1,078,443,483.01 at the end of the previous year[7] - The total current assets decreased to RMB 902.41 million from RMB 937.31 million, a decline of about 3.7%[30] - The company's total equity attributable to shareholders was CNY 926,480,086.13, up from CNY 914,925,492.24[37] - Total liabilities as of March 31, 2021, were CNY 56,427,868.49, down from CNY 109,148,961.52 at the end of 2020[37] - The total liabilities decreased to RMB 75.92 million from RMB 120.81 million, a significant decrease of approximately 37.1%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,913[10] - The largest shareholder, Zhongyin Group Co., Ltd., held 49.31% of the shares, totaling 118,332,000 shares[10] - Net assets attributable to shareholders increased by 2.02% to ¥976,949,209.42 from ¥957,629,948.31[7] Operational Highlights - Accounts receivable increased by 44.61% to 114.78 million yuan, primarily due to increased revenue in Q1[15] - Cash received from other operating activities rose by 55.48% to 4.15 million yuan, mainly from government subsidies[15] - The company reported a 51.17% increase in selling expenses to 4.27 million yuan, reflecting normal business operations compared to reduced spending during the pandemic[15] - The company confirmed sales revenue of 76.12 million yuan from a contract with CCC.EUSP.ZO.O., with a collection amount of 56.28 million yuan during the reporting period[17] - The company invested 1.94 million yuan in fundraising projects during the quarter, with a cumulative investment of 65.72 million yuan[21] - The construction of the intelligent production base for 2 million pairs of shoes is 32.86% complete, with an investment of 3.51 million yuan to date[21] Compliance and Management - The company has not reported any non-compliance with fundraising usage regulations, ensuring proper management of raised funds[24] - There were no significant changes in the cumulative net profit forecast for the year, indicating stability in financial performance[23] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[56]

Financial Performance - The company's operating revenue for 2020 was approximately ¥599.30 million, a decrease of 12.60% compared to ¥685.66 million in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥104.45 million, down 4.33% from ¥109.18 million in 2019[16]. - The net cash flow from operating activities increased by 41.42% to approximately ¥120.10 million in 2020, compared to ¥84.92 million in 2019[16]. - The total assets at the end of 2020 reached approximately ¥1.08 billion, representing a 124.75% increase from ¥479.84 million at the end of 2019[16]. - The net assets attributable to shareholders increased by 154.78% to approximately ¥957.63 million at the end of 2020, compared to ¥375.86 million at the end of 2019[16]. - The basic earnings per share for 2020 was ¥0.55, a decrease of 9.84% from ¥0.61 in 2019[16]. - The weighted average return on net assets was 20.58% in 2020, down from 33.68% in 2019, indicating a decline of 13.10%[16]. - The company achieved total operating revenue of CNY 599.30 million in the reporting period, a year-on-year decrease of 12.60%[58]. - The net profit attributable to shareholders was CNY 104.45 million, down 4.33% year-on-year, primarily due to the impact of the COVID-19 pandemic[58]. - The gross profit margin for the professional technical service industry was 26.55%, an increase of 0.84% compared to the previous year[69]. Cash Flow and Investments - The net cash flow from operating activities increased by 41.42% to ¥120,097,763.44 in 2020[79]. - Investment cash outflow surged by 832.75% to ¥452,166,230.53, primarily due to the purchase of financial products[80]. - The company reported a net increase in cash and cash equivalents of ¥151,006,686.43, a 394.99% increase year-on-year[79]. - The company raised a total of 53,760,000 CNY through a public offering, with a net amount of 47,731.99 million CNY after deducting issuance costs[92]. - The company utilized 4,633.90 million CNY of the raised funds during the reporting period, including 4,326.10 million CNY for project replacement and 307.80 million CNY for direct investment[93]. Market Position and Strategy - The company has established a strong design capability, focusing on footwear design and supply chain integration services, which are key competitive advantages[26]. - The company has formed partnerships with well-known footwear brands, enhancing its reputation and market presence in the industry[28]. - The company aims to support traditional footwear manufacturers in upgrading their competitiveness through innovative design capabilities, contributing to economic and social benefits[28]. - The company is positioned to benefit from the rising demand for fashionable footwear, with a focus on design capabilities and supply chain integration[34]. - The company is actively exploring new business areas, particularly in pattern design, which has become a new profit growth point[62]. - The company plans to establish design centers in Wenzhou, Hangzhou, and Shanghai to expand its market presence and improve design capabilities[105]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.5 per 10 shares, based on a total of 240 million shares[3]. - The profit distribution plan for 2020 includes a cash dividend of RMB 0.5 per 10 shares, totaling RMB 12,000,000, which represents 11.49% of the net profit[112][119]. - The cash dividend distribution for 2020 is fully aligned with the company's profit distribution policy, ensuring a minimum of 20% for cash dividends during growth phases[112]. - The company will not issue new shares or bonuses, maintaining a focus on cash dividends to ensure stable returns to shareholders[114]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial disclosures and will bear legal responsibility for any inaccuracies[123]. - The company will ensure the accuracy and completeness of its prospectus and other disclosure materials, bearing legal responsibility for any misstatements[122]. - The company has committed to a share reduction plan, adhering to regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[126]. - The company will take disciplinary actions against directors and senior management who fail to fulfill their public commitments, including potential salary reductions or dismissals[125]. Employee and Management Structure - The total number of employees in the company is 196, with 125 in the parent company and 71 in major subsidiaries[195]. - The company has established a performance management system linked to a flexible compensation system to ensure employee benefits[197]. - A dedicated training system is in place, offering both internal and external training programs to enhance employee skills and career development[198]. - The company emphasizes the importance of professional qualifications among its directors, including certified public accountants and legal professionals[189][188]. Research and Development - The company has a total of 1,062 patents and 7,905 copyrights, indicating strong product R&D capabilities[63]. - Research and development expenses for 2020 were ¥6,680,167.25, which is 1.11% of the operating revenue[77]. - The company has a design team of nearly 120 people, capable of producing approximately 10,000 shoe designs annually, showcasing its scale and centralized design capabilities[48]. Risks and Future Outlook - The company has identified potential risks in its future development outlook, which investors should be aware of[3]. - The company has not reported any significant changes in its accounting data that would require restatement for previous years[16]. - The company has not experienced any significant changes in the measurement attributes of its major assets during the reporting period[88].