Wensli(SZ:301066)2022-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥273,560,460.39, a decrease of 15.22% compared to ¥322,674,951.59 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥6,187,534.56, down 82.81% from ¥35,997,709.34 in the previous year[25]. - The net cash flow from operating activities was -¥47,866,582.12, representing a decline of 124.27% compared to -¥21,343,267.42 in the same period last year[25]. - The basic earnings per share decreased by 91.67% to ¥0.03 from ¥0.36 in the previous year[25]. - Total assets at the end of the reporting period were ¥800,784,465.60, down 9.21% from ¥882,035,150.46 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥648,398,740.42, a decrease of 1.11% from ¥655,664,933.86 at the end of the previous year[25]. - The company reported a net profit excluding non-recurring gains and losses of -¥6,668,860.70, a decline of 120.39% compared to ¥32,714,199.50 in the previous year[25]. - The weighted average return on net assets was 0.94%, down 6.19% from 7.13% in the previous year[25]. - The comprehensive diluted earnings per share calculated with the latest share capital was ¥0.0329[25]. Sales and Market Trends - Direct sales decreased by 21.32% year-on-year, while franchise sales dropped by 87.77% year-on-year due to the impact of the pandemic[36]. - Online sales grew by 34.68% year-on-year as the company accelerated its shift to online channels, entering multiple platforms such as Tmall and JD[37]. - The company is exploring a multi-brand and multi-channel operating model to better cover mid-range, high-end, and trendy product lines, enhancing brand influence and customer loyalty[39]. - The company has launched multiple self-owned brands, including high-end silk cultural brands and AI-customized products, targeting various consumer segments[73]. - Online sales accounted for over 30% of total sales revenue, with new sales platforms established during the reporting period, although their impact on current revenue was minimal[70]. Investments and Expansion - The company plans to invest 712.6151 million yuan to build an intelligent factory in Hangzhou, which will add approximately 10 million meters of digital printing capacity[41]. - The company plans to raise up to RMB 320 million through the issuance of convertible bonds[42]. - The company is focusing on expanding its market presence through new product development and strategic partnerships, particularly in the e-commerce sector[70]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the textile sector[138]. - Market expansion plans include entering three new provinces, aiming to increase market share by 10% in these regions by the end of 2022[138]. Research and Development - Research and development investment increased by 1.76% to ¥18,060,749.50 compared to the previous year[58]. - The company is investing in new technology development, allocating 100 million CNY towards R&D to enhance production efficiency and product quality[138]. - The company has been recognized for its innovative technologies, including a patented double-sided digital printing process, enhancing product quality and production efficiency[49]. - The company has received accolades for its "waterless dyeing" technology, which has entered the industrialization phase[50]. Environmental and Compliance - The company has implemented a waterless natural plant dyeing technology in fabric production, significantly reducing wastewater discharge[132]. - The company has maintained compliance with environmental regulations, with pollutant emissions meeting national standards and no exceedances reported during the first half of 2022[132]. - The company transferred 105.98 tons of general solid waste and 1.3928 tons of hazardous waste during the reporting period[126]. - All monitored pollutants during the reporting period met the required standards, with no exceedances reported[123][124][125]. Shareholder and Corporate Governance - The company plans to enhance asset quality and increase sales revenue to improve future earnings and achieve sustainable development[141]. - The company is committed to an active profit distribution policy to ensure stable and continuous returns to investors, with detailed regulations in place for profit distribution[142]. - The company has committed to fulfilling all obligations related to its initial public offering and listing on the Growth Enterprise Market, accepting supervision from regulatory authorities and investors[143]. - The company will disclose any failure to fulfill commitments in a timely manner, including specific reasons, and will apologize to shareholders and the public[143]. Legal Matters - The company is involved in a lawsuit with LVMH, with a total claim amount of approximately 1.7762 million euros[150]. - The company has successfully recovered 122,300 yuan from a court execution related to a dispute with a third party[151]. - The company has not reported any significant adverse effects from ongoing litigation[151]. Financial Management - The company has improved its financial management system to prevent the issuance of salaries through personal accounts[144]. - The company has committed to not engaging in unnecessary related transactions with Wanshili Group and its subsidiaries in the future[144]. - The company has ceased to pay commissions related to the "全民营销" (全民营销) activities to Wanshili Group[144].