ZOENN DESIGN(300901)

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中胤时尚(300901) - 中胤时尚调研活动信息
2022-11-21 15:40
证券代码:300901 证券简称:中胤时尚 1 浙江中胤时尚股份有限公司 投资者关系活动记录表 编号:2021-003 | --- | --- | --- | |-----------------|---------------------------------------------------|------------------------------------------------------------------------------------------------------------------------| | | | | | | 特定对象调研 | 分析师会议 | | | 媒体采访 | 业绩说明会 | | 投资者关系活动 | 新闻发布会 | 路演活动 | | 类别 | 现场参观 | | | | 其他 | | | 参与单位名称及 | 申万宏源 王立平 | | | 人员姓名 | 申万宏源 求佳峰 | | | 时间 | 2021 年 12 月 2 日 | | | 地点 公司会议室 | | | | 上市公司接待人 | 董事长倪秀华女士 董事兼副总经理童娟女士 | | | 员姓名 | 董 ...
中胤时尚(300901) - 2022 Q3 - 季度财报
2022-10-21 16:00
Financial Performance - The company's revenue for Q3 2022 was ¥173,954,048.34, representing a 9.45% increase year-over-year[5]. - Total operating revenue for the period reached ¥481,026,888.22, an increase of 8.5% compared to ¥442,446,426.05 in the previous period[15]. - Net profit for the period was ¥59,643,835.97, a decrease of 6.3% from ¥63,993,264.82 in the previous period[17]. - Net profit attributable to shareholders decreased by 20.23% to ¥17,582,891.08 for the same period[5]. - The company's basic earnings per share decreased by 22.22% to ¥0.07 for the reporting period[5]. - Basic earnings per share decreased to ¥0.25 from ¥0.27, reflecting a decline of 7.4%[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,252,097,254.29, a 9.11% increase from the previous year[5]. - The company's total assets increased to ¥1,252,097,254.29 from ¥1,147,594,671.61, representing a growth of 9.1%[14]. - Total current assets as of September 30, 2022, are 944,867,767.12 CNY, slightly up from 933,161,210.75 CNY at the beginning of the year[12]. - The company's total liabilities reached ¥201,783,930.60, up from ¥130,826,872.93, marking an increase of 54.2%[14]. - Non-current liabilities rose to ¥3,705,380.26, compared to ¥1,245,676.67, indicating a significant increase of 197.5%[14]. Cash Flow - The company reported a cash flow from operating activities of -¥74,634,554.35, a 26.88% decrease compared to the previous year[5]. - Cash flow from operating activities was ¥386,785,416.89, compared to ¥319,243,892.88 in the previous period, showing a positive trend[18]. - The net cash flow from operating activities was -74,634,554.35, compared to -58,820,917.72 in the previous period, indicating a decline in operational cash flow[19]. - Total cash inflow from operating activities amounted to 468,951,452.17, up from 378,632,433.43 in the previous period, reflecting a growth of approximately 23.9%[19]. - Cash outflow from operating activities totaled 543,586,006.52, compared to 437,453,351.15 in the previous period, representing an increase of about 24.2%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,245[10]. - The largest shareholder, Zhongyin Group Co., Ltd., holds 49.31% of shares, totaling 118,332,000 shares, with 23,600,000 shares pledged[10]. - The top ten shareholders include Wenzhou Huayin Equity Investment Partnership, holding 10.23% of shares, totaling 24,540,000 shares, with 17,000,000 shares pledged[10]. Research and Development - Research and development expenses increased by 40.51% to ¥8,030,757.89, indicating a focus on innovation[8]. - Research and development expenses for the period were ¥8,030,757.89, up from ¥5,715,544.34, indicating a growth of 40.6%[15]. Other Financial Metrics - The company’s weighted average return on equity was 1.67%, down 0.54% from the previous year[5]. - The company experienced a 61.49% increase in accounts receivable, attributed to extended payment cycles due to the pandemic[8]. - The company reported a significant decrease of 69.03% in trading financial assets, primarily due to declines in fair value[8]. - The company's cash and cash equivalents decreased from 661,613,201.03 CNY at the beginning of the year to 580,433,890.78 CNY by September 30, 2022, a decline of approximately 12.25%[12]. - Accounts receivable increased significantly from 186,234,036.13 CNY to 300,754,003.25 CNY, representing an increase of about 61.4%[12]. Market and Product Development - The company has not disclosed any new product or technology developments in the current report[11]. - There are no significant changes in restricted shares during the reporting period[11]. - The company has not reported any market expansion or acquisition strategies in the current financial report[11].
中胤时尚(300901) - 2022 Q2 - 季度财报
2022-08-25 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 307.07 million, representing an increase of 8.31% compared to CNY 283.52 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was approximately CNY 42.36 million, a slight increase of 0.47% from CNY 42.16 million year-on-year[21]. - The net profit after deducting non-recurring gains and losses increased by 30.42% to approximately CNY 40.92 million, compared to CNY 31.37 million in the previous year[21]. - The company's total assets at the end of the reporting period were approximately CNY 1.26 billion, an increase of 9.75% from CNY 1.15 billion at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were approximately CNY 1.05 billion, up by 2.99% from CNY 1.02 billion at the end of the previous year[21]. - The basic and diluted earnings per share remained unchanged at CNY 0.18[21]. - The weighted average return on net assets was 4.09%, a decrease of 0.23% from 4.32% in the previous year[21]. - Operating costs increased by 13.97% to approximately ¥252.98 million, leading to a decrease in gross margin[46]. - Research and development expenses rose by 44.91% to approximately ¥4.87 million, primarily due to increased R&D activities by subsidiaries[46]. - The footwear design business generated revenue of approximately ¥29.17 million, with a gross margin of 92.35%, reflecting a decrease of 14.99% in revenue compared to the previous year[49]. - The supply chain integration business accounted for approximately ¥234.70 million in revenue, with a gross margin of 9.74%, showing a slight decline in both revenue and margin[49]. Cash Flow and Investments - The company reported a negative net cash flow from operating activities of approximately CNY 8.86 million, a significant decline compared to a positive cash flow of CNY 77,996.97 in the same period last year[21]. - The company reported a net increase in cash and cash equivalents of approximately -¥75.64 million, a 135.93% increase in outflow primarily due to investment activities[46]. - The company reported a net cash outflow from investing activities of -63,415,396.05 CNY, worsening from -19,020,114.83 CNY in the previous year, indicating increased investment expenditures[161]. - The cash flow from investment activities was significantly lower, with inflows of only 7,766.99 CNY compared to 93,712,330.65 CNY in the previous year, indicating reduced asset disposals[162]. - The company received 213,666.66 CNY from minority shareholders as part of capital contributions, compared to 200,000.00 CNY in the previous year[162]. Operational Developments - The company established a shoe production base in Xinjiang and a small intelligent production line in Wenzhou to enhance supply chain integration capabilities[29]. - The company has the capacity to launch nearly 10,000 shoe designs annually, leveraging its experience in fast fashion[34]. - The design business is the core competitive advantage, with a mature team and efficient design system[29]. - The company focuses on providing integrated supply chain services to help clients realize design outcomes[30]. - The company has formed partnerships with well-known domestic and international shoe brands, enhancing its reputation in the industry[31]. - The company emphasizes innovation in design to support the transformation of traditional shoe manufacturing enterprises[31]. - The procurement model includes both finished shoe products and related raw materials, ensuring quality and stability in the supply chain[35]. Risks and Challenges - The management highlighted potential risks and countermeasures in the business operations, emphasizing the need for investors to be aware of these risks[4]. - The company is facing innovation risks due to rapid changes in fashion trends, necessitating improved design capabilities and market analysis[78]. - The company is experiencing operational risks related to the high concentration of clients and potential fluctuations in downstream market demand[80]. - The company faces increased competition in the fashion design industry as more players enter the market, which could impact its market position[83]. - The company faces foreign exchange risk due to its export business primarily settled in USD and EUR, which may adversely affect profitability if significant fluctuations occur in the RMB exchange rates[85]. Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, with a lock-up extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days[104]. - The company guarantees that there are no fraudulent activities related to its public offering, and if any discrepancies are found, it will initiate a buyback of all newly issued shares within 5 working days[104]. - The company has established a commitment to extend the lock-up period for shareholders if the stock price does not meet the issue price criteria[104]. - The company will disclose the fulfillment status of public commitments by its controlling shareholders, actual controllers, directors, supervisors, and senior management in regular reports[106]. - The company will take disciplinary actions against directors, supervisors, and senior management who fail to fulfill commitments, including salary deductions and demotions[106]. Financial Reporting and Compliance - The semi-annual financial report has not been audited[112]. - The company reported no significant litigation or arbitration matters during the reporting period[114]. - The company did not engage in any significant guarantees or leasing arrangements during the reporting period[124][123]. - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance of China[186]. - The company’s accounting period runs from January 1 to December 31 each year[187]. - The company’s accounting currency is the Renminbi (CNY)[189].
中胤时尚(300901) - 关于召开2021年度网上业绩说明会暨参加浙江辖区上市公司投资者网上集体接待日活动的公告
2022-05-10 10:05
证券代码:300901 证券简称:中胤时尚 公告编号:2022-018 浙江中胤时尚股份有限公司 关于召开2021年度网上业绩说明会暨参加浙江辖区 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 浙江中胤时尚股份有限公司(以下简称"公司")已于2022年4月26日在中 国证监会指定的创业板信息披露网站巨潮资讯网(http://www.cninfo.com.cn)上 披露《2021年年度报告》及《2021年年度报告摘要》。为了更好地与广大投资者 进行交流,使投资者能够进一步了解公司发展战略、经营管理等情况,公司决定 以网络远程的方式举行业绩说明会,并参加由中国证券监督管理委员会浙江监管 局指导、浙江上市公司协会与深圳市全景网络有限公司共同举办的浙江辖区上市 公司投资者网上集体接待日主题活动,现将有关事项公告如下: 本次活动将通过深圳市全景网络有限公司提供的网上平台举行,投资者可以 登录"全景·路演天下"网站(http://rs.p5w.net)参与公司本次业绩说明会暨投 资者网上接待日活动。网上文字互动交流时间为2022年 ...
中胤时尚(300901) - 2022 Q1 - 季度财报
2022-04-27 16:00
Revenue and Profit - Revenue for Q1 2022 was CNY 130,544,845.87, an increase of 2.70% compared to CNY 127,112,669.00 in the same period last year[3] - Net profit attributable to shareholders decreased by 44.69% to CNY 10,685,078.70 from CNY 19,319,261.11 year-on-year[3] - Basic and diluted earnings per share dropped by 50.00% to CNY 0.04 from CNY 0.08 year-on-year[3] - Net profit for Q1 2022 was RMB 10,592,098.28, compared to RMB 19,319,261.11 in the same period last year, reflecting a decrease of approximately 45.0%[19] - The net profit attributable to the parent company for Q1 2022 was ¥10,685,078.70, a decrease of 44.7% compared to ¥19,319,261.11 in the same period last year[20] - The total comprehensive income for Q1 2022 was ¥10,592,098.28, down from ¥19,319,261.11 in Q1 2021, reflecting a decline of 45.0%[20] Cash Flow - Net cash flow from operating activities was negative at CNY -97,538,956.82, a decline of 40.25% compared to CNY -69,545,768.08 in the previous year[3] - Cash inflow from operating activities totaled ¥91,375,721.13, down from ¥103,210,250.47 in the previous year, a decline of 11.8%[23] - The net cash flow from operating activities was -¥97,538,956.82, worsening from -¥69,545,768.08 in the same period last year[23] - Cash flow from investment activities showed a net outflow of -¥9,589,568.88, compared to a net inflow of ¥93,407,263.23 in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,137,588,437.49, a decrease of 0.87% from CNY 1,147,594,671.61 at the end of the previous year[3] - Total liabilities decreased to RMB 110,228,540.53 from RMB 130,826,872.93 at the beginning of the year, a reduction of about 15.8%[16] - Cash and cash equivalents at the end of Q1 2022 were RMB 577,671,083.91, down from RMB 661,613,201.03 at the beginning of the year[14] - The cash and cash equivalents at the end of Q1 2022 were ¥552,465,483.91, down from ¥661,613,201.03 at the beginning of the period, reflecting a decrease of 16.5%[24] Accounts Receivable and Inventory - Accounts receivable increased by 34.26% to CNY 25,003.23 million due to extended payment terms with overseas clients[7] - Accounts receivable increased to RMB 250,032,301.65 from RMB 186,234,036.13 at the beginning of the year, indicating a rise of approximately 34.3%[14] - Inventory at the end of Q1 2022 was RMB 23,379,220.82, compared to RMB 21,988,362.57 at the beginning of the year, an increase of about 6.3%[14] Expenses - Total operating costs for Q1 2022 were RMB 113,775,193.59, up from RMB 105,030,441.44 in the previous period[19] - The company reported a decrease in sales expenses to RMB 1,939,684.10 from RMB 4,265,197.73 in the previous period, a decline of approximately 54.5%[19] - Research and development expenses increased to RMB 2,051,766.26 from RMB 1,562,664.77, representing a rise of about 31.3%[19] Other Income and Cash Received - Other income increased by 199.04% to CNY 365.10 million, mainly from government subsidies received[7] - Cash received from other operating activities increased by 123.42% to CNY 927.39 million, attributed to government subsidies[8] - The company received ¥14,406,586.41 in tax refunds, an increase from ¥11,874,394.23 in the previous year, marking a growth of 21.5%[23] Investment Activities - Investment cash payments amounted to CNY 2,000.00 million, representing a 100.00% increase as the company utilized idle funds to purchase financial products[8] - The company paid ¥15,864,649.08 to employees, which is an increase of 47.5% compared to ¥10,763,841.41 in Q1 2021[23] Foreign Exchange - The company experienced a foreign exchange loss of -¥2,019,191.42, contrasting with a gain of ¥557,592.08 in the same period last year[24]
中胤时尚(300901) - 2021 Q4 - 年度财报
2022-04-25 16:00
Financial Performance - The company's operating revenue for 2021 was ¥581,216,729.04, a decrease of 3.02% compared to ¥599,295,049.96 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥70,958,151.95, down 32.06% from ¥104,447,305.28 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥53,099,694.00, a decline of 42.47% from ¥92,298,333.46 in 2020[19]. - The net cash flow from operating activities was -¥49,322,378.13, a significant decrease of 141.07% compared to ¥120,097,763.44 in 2020[19]. - The total assets at the end of 2021 were ¥1,147,594,671.61, an increase of 6.41% from ¥1,078,443,483.01 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥1,016,588,100.26, up 6.16% from ¥957,629,948.31 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥0.30, a decrease of 45.45% from ¥0.55 in 2020[19]. - The weighted average return on equity for 2021 was 7.20%, down 13.38% from 20.58% in 2020[19]. - The company achieved total operating revenue of ¥581.22 million in 2021, a decrease of 3.02% compared to ¥599.30 million in 2020[60]. - Net profit attributable to shareholders was ¥70.96 million, down 32.06% from the previous year, primarily due to reduced design income and increased supply chain costs[60]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders, based on a total of 240,000,000 shares[4]. - The company distributed a cash dividend of 12,000,000.00 CNY, which represents 100% of the total profit distribution amount[147]. - The board of directors proposed a cash dividend distribution plan of RMB 0.5 per 10 shares, totaling RMB 12,000,000, based on a total share capital of 240,000,000 shares as of December 31, 2021[149]. Market and Industry Insights - The global footwear market size reached $454.23 billion in 2020, with a projected growth to $500 billion by 2023[30]. - The women's footwear market accounts for approximately 50% of the global footwear market, with a size of $190.6 billion in 2018 and expected to reach $215.33 billion in 2021[34]. - The children's footwear market is experiencing rapid growth, driven by the three-child policy and increasing consumer focus on quality[35]. - The footwear industry is characterized by a high market share of mid-range and mass brands, with a focus on fashion, comfort, and cost-effectiveness[32]. - The footwear market is highly competitive, with a significant emphasis on design innovation and supply chain management to meet diverse consumer demands[33]. Design and Innovation - The company focuses on providing design solutions as its core competitive advantage, leveraging a mature design team and efficient design processes to meet market demands quickly[44]. - The company has established a shoe production base in Xinjiang and a small intelligent production line in Wenzhou to enhance its supply chain integration capabilities[43]. - The company has a design capacity of nearly 10,000 shoe designs annually, supported by a research and design team of approximately 130 personnel[59]. - The company has received multiple honors, including being recognized as a provincial key enterprise design institute and a national copyright demonstration unit, highlighting its industry leadership[55]. - The company emphasizes independent innovation, with no reliance on purchasing designs from other institutions, ensuring originality in its offerings[48]. Supply Chain Management - The company’s supply chain integration service ensures the quality and efficiency of production by leveraging its extensive supplier network and production oversight[45]. - The supply chain integration business has expanded since 2021, with the company increasing procurement of footwear-related raw materials to ensure product quality[49]. - The company has a robust supplier evaluation system, assessing suppliers annually based on product quality and delivery timeliness, ensuring a reliable supply chain[50]. Corporate Governance - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[118]. - The company maintains independence in business, personnel, assets, organization, and finance from its controlling shareholders and actual controllers[121]. - The company has a complete and independent business system, capable of formulating its own marketing strategies without reliance on shareholders[121]. - The company has a fully independent financial accounting system and management practices, ensuring independent financial decision-making[122]. - The company is committed to respecting and protecting the legitimate rights and interests of stakeholders, promoting balanced interests among all parties[118]. Research and Development - The company has a dedicated R&D team focused on exploring new materials and ergonomic designs, contributing to the advancement of footwear design standards[55]. - The company plans to strengthen its R&D design team by recruiting talented designers through various channels, enhancing its core competitiveness[107]. - The establishment of design centers in Wenzhou, Hangzhou, and Shanghai aims to improve market understanding and enhance design capabilities[110]. Employee Management - The total number of employees at the end of the reporting period was 819, with 148 in the parent company and 671 in major subsidiaries[144]. - The company has established a scientific performance management system linked to a flexible salary system to safeguard employee interests[145]. - The company has implemented a training system that includes both internal and external training programs for employee development[146]. Financial Management - The company has a strong financial management team led by Pan Weimin, who has experience in auditing and financial management since 2012[128]. - The company has established effective internal controls covering various aspects including fund management, major investments, and information disclosure, ensuring compliance and operational efficiency[152]. - The internal control self-assessment report indicated that the company maintained effective financial reporting internal controls as of December 31, 2021[160]. Compliance and Commitments - The company has committed to fulfilling all public commitments made during its initial public offering and will accept social supervision[171]. - The company will disclose the fulfillment status of public commitments by its directors and senior management in regular reports[171]. - The company has established measures to ensure accountability for its directors and senior management regarding public commitments[170].
中胤时尚(300901) - 2021 Q3 - 季度财报
2021-10-26 16:00
Financial Performance - The company's revenue for Q3 2021 was ¥158,930,837.17, representing a decrease of 7.44% compared to the same period last year[4] - The net profit attributable to shareholders was ¥22,040,860.82, down 29.03% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥16,905,828.97, a decline of 41.97% compared to the previous year[4] - The net profit for Q3 2021 was ¥63,993,264.82, a decrease of 24.2% compared to ¥84,432,260.95 in the same period last year[22] - Operating profit for the period was ¥80,071,296.62, down 20.6% from ¥100,810,430.48 in the previous year[22] - The company reported a total profit of ¥83,443,153.00, down 23.2% from ¥108,637,910.64 in the previous year[22] - Basic and diluted earnings per share were both ¥0.27, down from ¥0.47 in the same period last year[23] - The total comprehensive income for the period was ¥63,993,264.82, a decrease of 24.2% compared to ¥84,432,260.95 in the same period last year[23] Cash Flow and Liquidity - The operating cash flow for the year-to-date was negative at -¥58,820,917.72, reflecting a significant decrease of 218.95%[4] - The net cash flow from operating activities was -¥58,820,917.72, a significant decline from ¥49,449,484.93 in the same period last year[26] - Cash and cash equivalents as of September 30, 2021, were CNY 396,744,818.13, down from CNY 432,527,806.81 at the end of 2020, representing a decrease of 8.2%[17] - The cash and cash equivalents at the end of the period were ¥396,744,818.13, compared to ¥313,685,812.96 at the end of the previous year[27] - The company experienced a cash outflow from financing activities of -¥11,800,000.00, indicating a reduction in cash from financing sources[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,141,339,325.50, an increase of 5.83% from the end of the previous year[4] - Total assets as of September 30, 2021, amounted to CNY 1,141,339,325.50, an increase from CNY 1,078,443,483.01 at the end of 2020, reflecting a growth of 5.8%[18] - Total liabilities were CNY 131,516,112.37, up from CNY 120,813,534.70, representing an increase of 8.9%[19] - The company's equity attributable to shareholders reached CNY 1,009,832,168.31, compared to CNY 957,629,948.31 at the end of 2020, showing an increase of 5.4%[19] Operational Metrics - Total operating revenue for the third quarter of 2021 was CNY 442,446,426.05, a decrease of 4.6% compared to CNY 461,729,438.35 in the same period of 2020[21] - Total operating costs increased to CNY 373,137,405.82, up 3.5% from CNY 360,621,514.22 year-on-year[21] - The company reported a net profit margin decline due to increased costs, impacting overall profitability[21] Accounts Receivable and Inventory - Accounts receivable increased by 160.17% to ¥20,649.63 million due to seasonal factors and extended payment cycles[10] - Accounts receivable rose significantly to CNY 206,496,271.28, compared to CNY 79,369,245.71 at the end of 2020, indicating an increase of 160.5%[17] - Inventory rose by 150.28% to ¥1,847.30 million as the company expanded its self-production supply chain integration[10] - Inventory increased to CNY 18,473,001.40 from CNY 7,380,974.43, marking a rise of 150.0%[17] Expenses - The company reported a 375.05% increase in financial expenses, primarily due to exchange rate fluctuations[11] - The company experienced a 56.81% decrease in other operating income, which was mainly due to last year's one-time rewards[11] - Research and development expenses increased to ¥5,715,544.34, up from ¥4,690,672.58, reflecting a growth of 21.9%[22] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue growth[21]
中胤时尚(300901) - 2021 Q2 - 季度财报
2021-08-23 16:00
Financial Performance - Zhejiang Zoenn Design Co., Ltd. reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[16]. - The company's operating revenue for the current reporting period is ¥283,515,588.88, a decrease of 2.24% compared to the same period last year[22]. - The net profit attributable to shareholders for the current period is ¥42,161,359.18, reflecting a decline of 21.01% year-over-year[22]. - The net profit after deducting non-recurring gains and losses is ¥31,371,647.99, down 35.76% from the previous year[22]. - The basic earnings per share is ¥0.180, which is a 40.00% decrease from ¥0.300 in the previous year[22]. - The total revenue from sales of goods and services was 133,144,606.24 yuan, down 36.2% from 209,077,613.94 yuan in the first half of 2020[188]. - The total profit for the first half of 2021 was CNY 55.15 million, a decline of 21.23% from CNY 69.89 million in the first half of 2020[179]. - The company reported a total comprehensive income of CNY 42.14 million in the first half of 2021, down from CNY 53.37 million in the same period of 2020[179]. Market Expansion and Strategy - The company plans to expand its market presence in Europe and North America, targeting a 15% growth in international sales by the end of 2022[16]. - New product lines are expected to launch in Q4 2021, with an estimated contribution of RMB 100 million to annual revenue[16]. - The company is exploring potential mergers and acquisitions to enhance its supply chain capabilities, with a budget of RMB 200 million allocated for this purpose[16]. - The company is leveraging its design capabilities to expand into pattern design, which has become a new profit growth point[38]. - The company is committed to enhancing design capabilities and product competitiveness through increased R&D investment and market expansion strategies[96]. Research and Development - The company has invested RMB 50 million in R&D for innovative fashion design technologies during the reporting period[16]. - Research and development investment increased by 16.61% to approximately ¥3.36 million, reflecting the company's commitment to innovation[64]. - The company has established a design and R&D team of over 100 people, focusing on enhancing design capabilities and modular processes to mitigate talent loss risks[94]. Supply Chain and Production - The company has developed a supply chain integration service that enhances product quality and efficiency by leveraging its extensive supplier network[31]. - The company has established a qualified supplier database to ensure stable supply chain integration and product quality, continuously expanding and updating this database based on business needs[37]. - The company plans to build a certain scale of footwear production lines to meet the demand for personalized, high-quality small-batch products, enhancing its supply chain integration capabilities[50]. Financial Management and Risks - The company faces risks related to supply chain disruptions and fluctuating raw material costs, which management is actively monitoring[16]. - The net cash flow from operating activities is ¥77,996.97, a significant drop of 99.84% compared to the same period last year[22]. - The company has implemented measures to manage financial risks associated with currency fluctuations, particularly with USD and EUR, to protect profitability[99]. Corporate Governance and Compliance - The company actively protects shareholder and creditor rights by improving corporate governance and ensuring timely and accurate information disclosure[112]. - The company has established measures to ensure compliance with commitments, including withholding dividends until obligations are met[119]. - The company will ensure transparency regarding any violations of commitments and the reasons behind them[119]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and regulations, and is not classified as a key pollutant discharge unit[111]. - The company participates in social welfare activities and supports local education, culture, and poverty alleviation efforts[114]. Shareholder Relations and Commitments - The company has committed to not transferring shares for 36 months post-IPO for certain executives, ensuring stability in shareholding[118]. - The company will compensate investors for losses incurred due to false statements in the prospectus, ensuring investor protection[118]. - The company will publicly apologize and compensate investors for any losses caused by non-fulfillment of commitments[119].
中胤时尚(300901) - 2021 Q1 - 季度财报
2021-04-27 16:00
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]
中胤时尚(300901) - 2020 Q4 - 年度财报
2021-04-14 16:00
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].