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].

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]

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].

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].