Group 1: Company Overview - Aoya Design's Beijing branch was established in 2010 and has grown from a small team to approximately 350 employees [1] - The Beijing office is located in the Maolong Cultural and Creative Industry Park, with a total office area exceeding 3,000 square meters [1] Group 2: Project Teams and Clients - The Beijing branch currently has 16 project teams focused on creative design, employing around 50 personnel in key roles such as project directors and managers [3] - Major clients include top national and local companies such as China Overseas, Vanke, Poly, and China Railway Construction [3] Group 3: Employee Recruitment and Incentives - Aoya Design seeks employees who are passionate about design, emphasizing both professional standards and creativity during recruitment [3] - The company has a comprehensive compensation and incentive system, including special awards and equity incentives for core management [3] Group 4: Accounts Receivable Management - The growth in accounts receivable is attributed to business expansion and increased sales scale, with a focus on design-led EPC contracting and specialized design services [3] - The company aims to enhance collection efforts and categorize accounts receivable for more efficient project payment processes [3]

Group 1: Event Details - Shenzhen Aoya Design Co., Ltd. will participate in the "2022 Shenzhen Listed Companies Investor Online Collective Reception Day" [2] - The event will be held online on November 9, 2022, from 16:30 to 17:30 [2] - Investors can join via the "Panorama Roadshow" website, WeChat official account, or download the Panorama Roadshow APP [2] Group 2: Company Representatives - Chairman Mr. Li Baozhang, President Ms. Li Fangyue, and Secretary Ms. Tao Limin will be present to communicate with investors [2] - Topics of discussion will include company performance, governance, development strategy, operational status, financing plans, equity incentives, and sustainable development [2] Group 3: Commitment to Transparency - The company and its board guarantee the authenticity, accuracy, and completeness of the disclosed information [2] - There are no false records, misleading statements, or significant omissions in the announcement [2]

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[19] - The company's operating revenue for the reporting period was ¥219,803,690.52, a decrease of 15.04% compared to the same period last year[25] - The net profit attributable to shareholders was -¥19,053,808.19, representing a decline of 193.76% year-on-year[25] - The net cash flow from operating activities was -¥61,848,095.71, a decrease of 55.81% compared to the previous year[25] - The basic earnings per share were -¥0.32, down 186.49% from ¥0.37 in the same period last year[25] - Future guidance indicates an expected revenue growth of 20% for the full year 2022, driven by new project acquisitions and market expansion[19] - The company reported a net profit for the first half of 2022 was a loss of CNY 19.56 million, compared to a profit of CNY 20.32 million in the first half of 2021[198] - The total comprehensive income attributable to the parent company was -19,027,451.35 yuan, down from 20,307,918.77 yuan in the previous period[199] - The company experienced a significant decline in profitability compared to the previous period, indicating potential challenges in operations[199] Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in 2023, aiming for a 25% increase in market share[19] - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[19] - The company is focusing on diversifying its business into urban renewal and child-friendly city projects to adapt to changing market demands and government policies[110] - The company is actively pursuing partnerships with Tencent Cloud to leverage digital content and resources for urban renewal and rural revitalization projects[53] - The company is positioned to leverage opportunities in urban renewal and community development amidst ongoing urbanization trends[37] Research and Development - Research and development expenses increased by 30% in the first half of 2022, focusing on new design technologies and sustainable practices[19] - The company invested a total of 11.39 million yuan in R&D during the reporting period, with over 60 research projects and 301 intellectual property rights obtained, including 7 invention patents[56] - The company is actively developing digital design capabilities to improve efficiency and capacity in response to market competition and regulatory pressures in the real estate sector[110] - The company emphasizes digital technology in design, achieving significant advancements in data collection, 3D reconstruction, and parametric design, which have transformed design processes[57] Project and Contract Performance - User data showed an increase in active projects, with a total of 150 ongoing projects as of June 30, 2022, reflecting a growth of 20% year-on-year[19] - The company achieved a total contract amount of 492 million yuan, representing a 29% increase compared to the same period last year, with non-residential project contracts accounting for 72% at 352 million yuan[42] - The new business segment represented by "Luo Jia Children" generated revenue of 45.90 million yuan, an increase of 36.65% year-on-year, indicating a steady internal strategic transformation[42] Digital and Technological Initiatives - The company launched a new sub-brand "Qianxi Technology" to explore the integration of digital technology and cultural tourism projects[36] - The company is actively expanding its business in the metaverse sector, with projects in urban renewal and rural revitalization[36] - The company launched its first metaverse project "Big Granary," integrating digital art with VR, AR, AI algorithms, and other cutting-edge technologies, creating an immersive experience space[52] - The company is integrating advanced technologies such as AR/MR into its projects to create immersive experiences, enhancing its competitive edge in the market[112] Risk Management and Challenges - The management highlighted risks related to market competition and economic fluctuations, with strategies in place to mitigate these risks[5] - The company emphasizes the importance of understanding investment risks associated with its future plans and market conditions[5] - The ongoing COVID-19 pandemic poses risks to the company's operations, but the company is leveraging digital management to maintain project progress and employee productivity[108] - The company is facing risks from real estate regulatory policies that may slow down cash flow from developers, impacting its financial performance[109] Awards and Recognition - The company has received 421 awards for its projects, including 32 international awards and 44 national-level awards, reflecting its strong industry recognition[39] - The company has been recognized as a high-tech enterprise and has received numerous awards, enhancing its brand influence in the industry[65] Corporate Governance and Structure - The company reported a participation rate of 71.66% in the first extraordinary general meeting held on March 23, 2022[122] - The company did not distribute cash dividends or bonus shares for the first half of 2022[124] - The company has not reported any major changes in its subsidiaries during the reporting period[167] - The company has not engaged in any related party transactions during the reporting period, ensuring transparency in operations[145] Rental and Property Management - The company has a total rental area of 1,594.25 square meters in Shenzhen, with a rental increase from 181,740 RMB/month in 2020 to 200,380 RMB/month in 2022[155] - The company has multiple properties with varying rental agreements, indicating a diversified real estate portfolio[157] - The company is actively managing its rental properties to optimize income and adjust pricing strategies based on market conditions[157]

Financial Performance - The company's revenue for Q1 2022 was ¥73,532,246.40, a decrease of 30.62% compared to ¥105,980,837.85 in the same period last year[3] - The net profit attributable to shareholders was -¥39,587,894.50, representing a decline of 562.47% from ¥8,560,161.53 in the previous year[3] - Basic and diluted earnings per share were both -¥0.66, a drop of 488.24% from ¥0.17 in the previous year[3] - The net profit for Q1 2022 was -40,239,443.18 CNY, compared to a net profit of 8,560,161.53 CNY in Q1 2021, representing a significant decline[22] - Operating profit for Q1 2022 was -39,806,151.46 CNY, while the previous year reported an operating profit of 11,349,321.31 CNY[22] - The company reported a total comprehensive loss of -40,245,453.19 CNY for Q1 2022, compared to a comprehensive income of 8,549,119.60 CNY in the same period last year[23] Cash Flow and Assets - The net cash flow from operating activities was -¥65,106,850.66, a decrease of 30.82% compared to -¥49,767,924.74 in the same period last year[3] - Cash flow from operating activities showed a net outflow of -65,106,850.66 CNY in Q1 2022, compared to -49,767,924.74 CNY in Q1 2021, indicating worsening cash flow conditions[26] - The company's cash and cash equivalents decreased to CNY 165,203,424.09 from CNY 231,116,012.04 at the beginning of the year[17] - Cash and cash equivalents at the end of Q1 2022 were 160,293,994.50 CNY, a decrease from 902,870,226.84 CNY at the end of Q1 2021[27] - The company reported a total investment cash outflow of 32,798,788.00 CNY in Q1 2022, compared to 3,765,390.58 CNY in Q1 2021, indicating increased investment activity[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,061[9] - The largest shareholder, Li Baozhang, held 57.11% of the shares, amounting to 34,265,250 shares[10] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,394,488,447.78, down 4.57% from ¥1,461,271,372.48 at the end of the previous year[3] - The total assets as of March 31, 2022, were CNY 1,394,488,447.78, down from CNY 1,461,271,372.48 at the beginning of the year[19] - Total liabilities decreased to CNY 234,796,361.37 from CNY 261,433,883.88[19] - The company's equity attributable to shareholders decreased to CNY 1,158,108,603.25 from CNY 1,199,102,456.76[19] Operational Changes and Future Plans - The decline in revenue and profit was primarily attributed to the impact of recurring COVID-19 outbreaks affecting project progress and increased costs due to company scale expansion[7] - The company upgraded its qualification from "Class B" to "Class A" in urban planning, enhancing its ability to undertake various planning projects[14] - The company plans to leverage its new Class A qualification to expand its business in urban planning, which is expected to positively impact growth[14] Operating Costs and Expenses - Total operating costs for Q1 2022 amounted to CNY 119,296,380.49, compared to CNY 95,694,784.91 in the previous period[21] - The company incurred research and development expenses of 5,658,582.12 CNY in Q1 2022, slightly down from 5,886,818.76 CNY in Q1 2021[22] - Accounts receivable slightly decreased to CNY 309,715,384.35 from CNY 315,010,957.78[17]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[1]. - The net profit for 2021 was RMB 200 million, which is a 10% increase from the previous year[1]. - The company achieved operating revenue of CNY 611,752,695.16, representing a year-on-year growth of 24.48% despite challenges from the pandemic and industry downturn[18]. - The total profit for the year was CNY 86,229,674.54, a decrease of 26.63% compared to the previous year, while net profit attributable to shareholders was CNY 75,420,057.17, down 26.54%[20]. - The company's operating revenue for 2021 was CNY 611,752,695.16, representing a 24.48% increase compared to CNY 491,441,001.60 in 2020[47]. - The net profit attributable to shareholders for 2021 was CNY 75,420,057.17, a decrease of 26.54% from CNY 102,667,635.32 in 2020[47]. - The net cash flow from operating activities was negative CNY 47,462,007.44, a decline of 151.24% compared to CNY 92,634,439.50 in 2020[47]. - The total assets at the end of 2021 amounted to CNY 1,461,271,372.48, an increase of 118.26% from CNY 669,512,075.41 at the end of 2020[47]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,199,102,456.76, up 192.92% from CNY 409,367,407.65 at the end of 2020[47]. - The basic earnings per share for 2021 was CNY 1.31, a decrease of 42.54% from CNY 2.28 in 2020[47]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in 2022, aiming for a 20% increase in market share[1]. - The company has outlined a future outlook projecting a revenue growth of 20% for 2022, driven by new project acquisitions and market expansion[1]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach in the coming year[1]. - The company is actively pursuing a digital transformation strategy, establishing new teams and subsidiaries across various regions, including Tianjin, Suzhou, Jinan, and Chongqing[22]. - The company aims to redefine its mission to "breathe life into space," focusing on revitalizing underutilized areas and enhancing their cultural significance[36]. Research and Development - Research and development expenses increased by 30% in 2021, totaling RMB 100 million, to support new product innovations[1]. - The company aims to launch two new product lines in 2022, targeting a 15% contribution to overall revenue[1]. - The company has developed over 60 R&D projects and obtained 273 intellectual property rights, including 4 invention patents and 134 utility model and design patents[82]. - The company invested ¥27,145,200 in R&D in 2021, marking a 23.63% increase from the previous year, with high-tech service revenue growing by 20.92%[82]. - The company is focusing on community landscape innovation to meet evolving consumer demands amid a challenging real estate market[63]. Operational Efficiency and Talent Management - The company's workforce increased from 1,437 to 1,750 employees, contributing to higher operational costs amid a slowdown in revenue growth[20]. - The company emphasizes long-term value creation for shareholders, prioritizing sustainable growth over short-term financial appearances[38]. - The company has a strong focus on talent management, optimizing its control system and implementing a clear performance management framework to align strategic goals with individual performance[79]. - The proportion of employees with a bachelor's degree or higher is 88.57%, and the proportion of those with a master's degree or higher is 21.14%, with a 19% increase in talent from 211/985 universities[79]. - The company has established a multi-dimensional incentive system combining short-term and long-term incentives to motivate core employees and align their interests with the company's growth[175]. Digital Transformation and Technology - The company is actively exploring digital art technologies, including NFT trading and virtual presentations, to enhance customer experiences[60]. - The company is committed to creating immersive and interactive experiences through digital art and technology, aligning with the emerging metaverse concept[173]. - The company has optimized its digital management systems, enhancing collaboration and project efficiency through a big data management system and plans to implement an "Internet+" platform for information sharing across the industry[145]. - The company is developing a digital twin framework to improve design efficiency and project management, with 1 patent applied for in this area[104]. - The company is enhancing its technological innovation capabilities through the application of digital twin technology in the landscape architecture industry[104]. Corporate Governance and Compliance - The company adheres to strict information disclosure practices, ensuring transparency and timely communication with investors through various media[184]. - The company respects and maintains the legitimate rights and interests of stakeholders, promoting balanced interests among shareholders, employees, and society[185]. - The company has established an independent financial accounting system and can make independent financial decisions without sharing bank accounts with controlling shareholders[188]. - The company has received independent opinions from its board and sponsor regarding the use of raised funds, ensuring transparency and compliance[125]. - The company has implemented a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with legal regulations[184]. Awards and Recognition - The company has received 20 international awards and 47 national and provincial awards, totaling over 370 project awards, reflecting its industry recognition[141]. - The company has become an important procurement partner for several large state-owned real estate companies, receiving over 40 awards for excellent supplier categories[141]. - The company has received recognition from government departments and industry associations, reflecting its strong brand reputation and leading position in the landscape design sector[166]. - The company has completed numerous influential projects in various fields, receiving a total of 370 awards, including 20 international awards and 47 national-level awards[76]. - The company emphasizes the importance of operational capabilities in a market that has shifted towards a focus on existing assets, highlighting the need for creative and innovative solutions[25].

Financial Performance - The company's operating revenue for Q3 2021 was ¥156,151,119.24, representing a 45.22% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥29,385,986.01, an increase of 14.50% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,403,144.10, a slight decrease of 0.40% compared to the previous year[3]. - Basic earnings per share for Q3 2021 were ¥0.49, down 14.04% from the same period last year[3]. - The weighted average return on equity for Q3 2021 was 2.54%, a decrease of 1.99% year-on-year[3]. - Total operating revenue for the third quarter reached ¥414,858,773.29, an increase of 29.8% compared to ¥319,575,120.45 in the same period last year[23]. - Net profit for the quarter was ¥49,677,121.64, a decrease of 19.3% from ¥61,523,727.11 year-over-year[24]. - The company reported a basic earnings per share of ¥0.88, down from ¥1.370 in the previous year[25]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥51,507,220.21, a significant decrease of 180.58% compared to the same period last year[3]. - The company’s cash and cash equivalents decreased to CNY 153,163,648.39 from CNY 247,088,421.13, representing a decline of about 38.1%[19]. - The net cash flow from operating activities was negative at -¥51,507,220.21, compared to a positive ¥63,919,698.55 in the same quarter last year[27]. - Cash inflow from operating activities totaled ¥392,412,921.56, compared to ¥375,565,010.81 in the previous year[27]. - The cash outflow for financing activities totaled 124,631,946.95 CNY, with cash inflow from financing activities at 813,450,000.00 CNY[28]. Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥1,425,544,555.45, a 112.92% increase from the end of the previous year[3]. - The total current assets increased to CNY 1,222,040,863.63 from CNY 560,037,993.37, indicating a growth of approximately 118.8%[19]. - Total liabilities stood at ¥252,172,540.13, a decrease from ¥260,144,667.76 in the previous period[21]. - The total liabilities rose from 260,144,667.76 CNY to 299,867,778.17 CNY, indicating an increase of about 15.3%[32]. - The total current liabilities decreased to CNY 227,359,529.78 from CNY 260,144,667.76, a reduction of about 12.6%[20]. Investments and Expenses - The company received government subsidies amounting to ¥1,204,144.41 in Q3 2021, contributing to its financial performance[5]. - Research and development expenses increased to ¥21,983,181.26, representing a 37.6% rise from ¥15,969,011.66 in the previous year[24]. - The company reported a significant increase in sales expenses, which reached ¥53,926,430.71, up 68.5% from ¥32,024,871.15 in the previous year[24]. Strategic Developments - The company signed a strategic cooperation agreement with Sichuan Tourism Investment Co., Ltd. on September 29, 2021, focusing on cultural tourism projects and mixed-ownership reform[14]. - The company extended the lock-up period for major shareholders until August 26, 2024, due to stock price performance below the issue price[14]. Changes in Equity - The equity attributable to shareholders at the end of Q3 2021 was ¥1,173,403,395.85, reflecting a 186.64% increase compared to the end of the previous year[3]. - The total equity attributable to shareholders of the parent company increased to ¥1,173,403,395.85, compared to ¥409,367,407.65 last year[21]. - The company’s equity attributable to shareholders remained stable at 409,367,407.65 CNY[33]. Other Financial Information - The company has not undergone an audit for the third quarter report[33]. - The company implemented a new leasing standard starting in 2021, which required adjustments to the financial statements[29].

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[17]. - The net profit attributable to shareholders for the first half of 2021 was RMB 20 million, up 10% from the previous year[17]. - The company achieved operating revenue of CNY 258.71 million, an increase of 22.01% compared to the same period last year[23]. - The net profit attributable to shareholders was CNY 20.32 million, a decrease of 43.33% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15.99 million, down 46.76% from the previous year[23]. - The net cash flow from operating activities was CNY -39.70 million, a decline of 1,387.67% compared to the same period last year[23]. - The company reported a decrease in profit margin of 13.7% in its financial performance[80]. - The company reported a total profit of ¥25,037,047.25 for the first half of 2021, down 41.2% from ¥42,546,827.17 in the same period of 2020[190]. - Basic and diluted earnings per share for the first half of 2021 were both ¥0.37, down from ¥0.80 in the first half of 2020[191]. - The company reported a total cash inflow from operating activities of CNY 226,291,153.81, which is an increase from CNY 203,266,995.10 in the first half of 2020[200]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new cities in 2022, aiming for a 25% increase in project contracts[17]. - The management has set a performance guidance of 20% revenue growth for the full year 2021[17]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[17]. - The company is focusing on digital design to enhance capacity and efficiency while actively developing urban renewal and family-friendly tourism projects[88]. - The company plans to adjust its operational strategies dynamically in response to macroeconomic and industry policy changes to enhance risk resilience[87]. Research and Development - The company has invested RMB 5 million in research and development for new design technologies, focusing on sustainable urban planning solutions[17]. - The company invested significantly in digital transformation, leading to a 22% increase in labor costs compared to the previous year[32]. - The company has invested in research and development, holding 101 utility model patents and design patents, with 13 projects awarded by the China Landscape Architecture Society for outstanding technological achievements[38]. - Research and development investment increased by 26.53% to ¥13,446,537.69, with no significant changes reported[52]. Risk Management - The company faces risks related to market competition and regulatory changes, which are detailed in the risk management section of the report[4]. - The company faces risks related to macroeconomic fluctuations, particularly in the landscape design sector, which is closely tied to national economic conditions and fixed asset investment trends[87]. - The residential landscape design business constitutes a significant portion of the company's operations, making it vulnerable to government regulatory policies affecting the real estate industry[87]. Corporate Governance and Financial Practices - The company does not plan to distribute cash dividends or issue bonus shares for the current fiscal year[5]. - The semi-annual financial report for the company has not been audited, which may affect the reliability of financial data[131]. - There were no violations of external guarantees during the reporting period, reflecting sound financial practices[130]. - The company has not reported any major related party transactions during the reporting period, ensuring transparency[136]. Social Responsibility and Community Engagement - The company actively participates in social welfare activities, including hosting the "Design Star International College Design Competition," which attracted over 11,000 student participants since 2011[106]. - The company has initiated the "Public Welfare Down to the Countryside" series of activities to promote sustainable rural development and cultural heritage preservation[110]. - The company has been involved in various public welfare projects, including the construction of community gardens in collaboration with local charities[108]. - The "National Ancient Village Protection and Revitalization Volunteer Network" project has over 3,000 volunteers across more than 30 cities, protecting nearly 100 ancient villages from destruction[111]. Talent Management and Workforce - The company has a workforce of 1,566 employees, with 89.72% holding a bachelor's degree or higher and 20.95% holding a master's degree or higher[44]. - The company has established a comprehensive talent training system through the Aoya Design and Management Institute, focusing on enhancing employees' professional skills and career development[104]. - The company is implementing a talent development system and reforming compensation and incentive mechanisms to attract high-quality design talent[89]. Digital Transformation - The company has implemented a digital management strategy, optimizing various internal processes through integrated information systems[41]. - The company is focusing on digital twin cities and plans to enhance the application of digital technologies such as big data and artificial intelligence[49]. - The company has integrated digital technologies into its design processes, improving the scientific and objective nature of its design outcomes[47]. Awards and Recognition - The company has received multiple awards for its design excellence, including the "Special Contribution Award" in Shenzhen[31]. - The company has won a total of 288 awards for its projects, including 10 international awards and 43 national-level awards[40]. - The company has been recognized as a national high-tech enterprise and has obtained multiple qualifications, including Class A qualification for landscape engineering design and Class B qualification for urban planning[40]. Lease and Real Estate Management - The company has multiple leases with varying terms and conditions, indicating a strategic approach to real estate management[146][147]. - The total leased area across various locations reflects the company's operational footprint and market presence[146][147]. - The company is actively managing its lease agreements to optimize costs and operational efficiency[146][147].

深圳奥雅设计股份有限公司 2021 年第一季度报告全文 深圳奥雅设计股份有限公司 2021 年第一季度报告 2021-020 2021 年 04 月 1 深圳奥雅设计股份有限公司 2021 年第一季度报告全文 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。 所有董事均已出席审议本次季报的董事会会议。 公司负责人李宝章、主管会计工作负责人梁伐及会计机构负责人(会计主管 人员)程越阳声明：保证季度报告中财务报表的真实、准确、完整。 2 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） | 105,980,837.85 | 81,156,358.06 | 30.59% | | 归属于上市公司股东的净利润（元） | 8,560,161.53 | -1,260,126.93 | 779.31% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15% compared to 2019[15]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2020 was CNY 491.44 million, a decrease of 5.05% compared to CNY 517.60 million in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 102.67 million, down 8.37% from CNY 112.05 million in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 90.33 million, a decline of 11.38% from CNY 101.93 million in 2019[19]. - The company's total assets increased by 27.19% to CNY 669.51 million at the end of 2020, compared to CNY 526.40 million at the end of 2019[19]. - The net assets attributable to shareholders rose by 33.49% to CNY 409.37 million at the end of 2020, up from CNY 306.67 million at the end of 2019[19]. - The basic earnings per share for 2020 was CNY 2.280, a decrease of 8.43% from CNY 2.490 in 2019[19]. - The weighted average return on equity was 28.68%, down 14.71 percentage points from 43.40% in 2019[19]. - The net cash flow from operating activities increased by 40.23% to CNY 92.63 million in 2020, compared to CNY 66.06 million in 2019[19]. Market Expansion and Strategy - The company plans to expand its market presence by opening 5 new branches in major cities across China in 2021[15]. - The company aims to achieve a revenue growth target of 20% for 2021, driven by new project acquisitions and market expansion[15]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[15]. - The company plans to promote child-friendly city designs in 150 cities, aligning with national policies to enhance community services and public spaces for children[92]. - The company is committed to urban renewal initiatives, focusing on sustainable development and enhancing urban living environments[93]. - The company intends to revitalize rural areas by creating aesthetically pleasing living environments and promoting rural tourism through a comprehensive service model[94]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[153]. Research and Development - Research and development expenses increased by 20% to RMB 150 million, focusing on new design technologies and sustainable practices[15]. - The company is actively seeking innovative design and research opportunities, demonstrating strong technical talent and substantial R&D investment[38]. - The company aims to increase R&D investment, expanding its R&D center and exploring advanced design concepts and technologies, with a focus on ecological restoration, cultural landscapes, and information technology[96]. - Future guidance includes an increase in R&D investment by 15% to support ongoing innovation and product development[151]. Talent and Workforce - The company has a workforce of 1,437 employees, with 89.42% holding a bachelor's degree or higher and 21.29% holding a master's degree or higher[43]. - The company has implemented a comprehensive talent management system, including various incentive programs to attract and retain talent[44]. - The company has developed a comprehensive talent training system to enhance employee skills and career development[190]. - The company emphasizes the importance of nurturing professional talent through a disruptive teaching system in collaboration with renowned universities and industry experts[199]. Risk Management - The company has identified key risks in its operational strategy, including market competition and regulatory changes, and has outlined mitigation measures[5]. - The company faces risks related to macroeconomic fluctuations, particularly in its core landscape design business, which is closely tied to national economic conditions[102]. - The company is exposed to risks from real estate regulatory policies, which may impact its residential landscape design business and overall financial performance[103]. - The company must navigate market competition risks, as increased investment in green living environments attracts more competitors to the landscape design industry[104]. Corporate Governance and Shareholder Relations - The company has committed to enhancing its governance structure and risk management systems to protect shareholder interests and ensure compliance with regulations[57]. - The company decided not to distribute profits or issue stock dividends for the 2020 fiscal year, citing the need to meet future operational funding requirements[120]. - The company has a structured profit distribution plan that aligns with its articles of association and shareholder resolutions[114]. - The company will actively communicate with shareholders, especially minority shareholders, to gather opinions and address concerns regarding profit distribution[159]. Social Responsibility and Community Engagement - The company has established the Aoya Public Welfare Foundation and has been involved in social responsibility initiatives since 2015[192]. - The company has hosted the Design Star International College Design Competition, attracting over 11,000 student participants since 2011[192]. - The company engages in non-profit rural construction camps to provide students with hands-on project management experience[199]. - The company collaborates with organizations to improve community environments, such as building "Moonlight Gardens" for elderly care facilities and kindergartens[196]. Operational Efficiency - The company has implemented a new technology platform that is expected to improve operational efficiency by 30%[150]. - The company aims to reduce operational costs by 10% through improved supply chain management and efficiency measures[152]. - The company will optimize its internal control and cost management to enhance operational efficiency and risk management[146]. Legal Compliance and Auditing - The company confirmed compliance with all legal and regulatory requirements regarding its public offering[163]. - The company has engaged Tianzhi International Accounting Firm for auditing services, with a fee of 700,000 RMB[167]. - There were no major lawsuits or arbitration matters in the reporting year[168]. - The company has not experienced any penalties or rectification situations during the reporting period[169].