2019 年半年度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2019 年半年度报告 1 / 151 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管人员）邬鹤萍声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，请投资者 注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司存在的经营风险，敬请查阅"第四节经营情况讨论与分析"中二、其他披露事项（二）可能 面对的风险部分。 十、 其他 □适用 √不适用 2 / ...

2019 年第一季度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2019 年第一季度报告 1 / 28 2019 年第一季度报告 í 重要提示 1 Í 公司基本情况 lí 重要事项 四、 附录 目录 2 / 28 2019 年第一季度报告 单位：元 币种：人民币 一、 重要提示 2.1 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。 2.2 公司全体董事出席董事会审议季度报告。 2.3 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管人员）邬鹤萍保 证季度报告中财务报表的真实、准确、完整。 2.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.5 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|-------------------|----------------------|--------------------- ...

Financial Performance - The company's operating revenue for 2018 was CNY 7,137,947,377.14, representing a 10.01% increase compared to CNY 6,488,246,212.14 in 2017[21] - The net profit attributable to shareholders of the listed company was CNY 540,379,997.40, a 38.63% increase from CNY 389,801,890.38 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 456,760,277.01, up 37.82% from CNY 331,428,864.65 in 2017[21] - The basic earnings per share for 2018 was CNY 0.81, a 39.66% increase from CNY 0.58 in 2017[22] - The weighted average return on net assets increased to 9.68%, up 2.52 percentage points from 7.16% in the previous year[25] - The net cash flow from operating activities was CNY 894,674,627.73, showing a slight increase of 0.18% compared to CNY 893,076,418.96 in 2017[21] - The total assets at the end of 2018 were CNY 10,160,072,259.23, reflecting a 5.79% increase from CNY 9,603,959,103.00 in 2017[21] - The net assets attributable to shareholders of the listed company were CNY 5,813,061,293.81, an 8.12% increase from CNY 5,376,551,846.61 in 2017[21] Dividend Policy - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares to shareholders[6] - In 2018, the company distributed a cash dividend of RMB 2.50 per 10 shares, totaling RMB 167,812,115.25, which accounted for 31.05% of the net profit attributable to ordinary shareholders[133] - The company has a cash dividend policy that mandates a minimum of 30% of the net profit attributable to shareholders be distributed as cash dividends each year[132] Revenue and Profit Growth - The company achieved a total revenue of 7.138 billion RMB in 2018, representing a year-on-year growth of 10.01%[41] - Operating profit reached 646 million RMB, an increase of 34.01% year-on-year[41] - Net profit attributable to shareholders was 540 million RMB, up 38.63% compared to the previous year[41] - The net profit after deducting non-recurring gains and losses was 457 million RMB, reflecting a growth of 37.82%[41] Market and Competitive Position - The cosmetics industry saw a year-on-year growth of 9.6% in retail sales, indicating a favorable market environment for the company's products[36] - The company has a strong competitive edge with a comprehensive R&D system, brand assets, channel coverage, and production capabilities[39] - The retail sales of Baicaoji's solid essence mask exceeded 3 million pieces within 10 months of its launch[42] - The company expanded its offline distribution network to approximately 200,000 supermarkets and nearly 90,000 rural outlets[47] Research and Development - The company initiated 39 research projects in 2018, with 15 new projects added, resulting in 52 patent applications[83] - The company established a joint laboratory with Fudan University to enhance research in skin health and product safety[46] - The total R&D investment was ¥167,781,711.06, representing 2.35% of total revenue, with 145 R&D personnel, making up 4.14% of the total workforce[68] Operational Efficiency - The company has implemented advanced MES manufacturing management systems to enhance production process automation and digital management[87] - The new factory's production capacity and supply assurance capabilities were significantly enhanced, achieving digital and automated operations[50] - The company is focusing on expanding its product lines, particularly in creams and liquid washes, to improve production efficiency and response speed[90] Social Responsibility - In 2018, the company engaged in targeted poverty alleviation projects, contributing 402 million RMB in funds and 44 million RMB in material donations[174] - The company supported 1,300 impoverished students through educational assistance, with a total investment of 5 million RMB specifically for student aid[174] - The company has committed to ongoing social responsibility efforts, particularly in education and health sectors in targeted poverty-stricken regions[172] Environmental Initiatives - The new factory has adopted green building standards and received the LEED Gold certification from the U.S. Green Building Council[180] - The company aims to reduce pollutant emissions through clean production, water recycling, and solar energy projects[180] - The company emphasizes the establishment of a green supply chain, achieving LEED Gold certification for new factory projects, and reducing environmental impact through advanced production equipment and eco-friendly materials[104] Financial Investments - The company’s total investment in financial assets reached approximately RMB 2.31 billion, with a fair value change of RMB 21.65 million during the reporting period[110] - The company has invested a total of 1.2 billion RMB in various financial products, achieving an average annual return rate of 4.5%[167] - The actual returns from financial investments amounted to approximately 30 million RMB, with all funds successfully recovered[167] Future Outlook - The company aims for a double-digit revenue growth in 2019, based on its brand growth strategies and market conditions[122] - The company intends to leverage AI, AR, and VR technologies to enhance consumer interaction and improve operational efficiency[121] - The company is exploring new market expansion opportunities and potential mergers and acquisitions to enhance growth[167]

2018 年第三季度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2018 年第三季度报告 1 / 21 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 末增减(%) | | 总资产 | 10,608,199,403.95 | 9,603,959,103.00 | 9,603,959,103.00 | 10.46 | | 归属于上市公司股东的净资产 | 5,819,655,925.18 | 5,376,551,846.61 | 5,376,551,846.61 | 8.24 | | | 年初至报告期末（1-9 | 上年初至上年报告期末 | | 比上年同期增减(%) | | | ...

2018 年半年度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2018 年半年度报告 1 / 129 2018 年半年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，请投资者 注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司存在的经营风险，敬请查阅"第四节经营情况讨论与分析"中二、其他披露事项（二）可能 面对的风险部分。 十、 其他 □适用 √不适用 2 / 129 三、 本半年度报告未经审计。 四、 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管人员）邬鹤萍声 明：保证半年度报告中财务报告的真实、准确、 ...

2018 年第一季度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 1.1 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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管人员）邬鹤萍保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 末增减(%) | | 总资产 | 10,035,830,516.14 | 9,603,959,103.00 | 9,603, ...

上海家化联合股份有限公司 ∣ 地址：上海市江湾城路 99 号 5 幢 ∣ 邮编：200082 ∣ www.jahwa.com.cn 公司代码：600315 重要提示 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺， 请投资者注意投资风险。 □适用 √不适用 我们的使命 帮助人们生活得更加 美丽、健康、自信 02 释义 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 普华永道中天会计师事务所（特殊普通合伙）为本公司出具了标准无保留意 见的审计报告。 四、 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管 人员）邬鹤萍声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 以公告实施利润分配的股权登记日当天的总股本为基数，向股权登记日在册全体股 东每 10 股派发 1.80 元现金红利（含税） 六、 前瞻性陈述的风险声明 七、 是否存在被控股股东 ...

2017 年第三季度报告 公司代码：600315 公司简称：上海家化 上海家化联合股份有限公司 2017 年第三季度报告 1.3 公司负责人张东方、主管会计工作负责人韩敏及会计机构负责人（会计主管人员）邬鹤萍保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2017 年第三季度报告 一、 重要提示 1.1 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。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 宋成立 | 董事 | 工作原因 | 刘东 | 4 / 20 2.1 主要财务数据 单位：元 币种：人民币 | | 本报 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥2,651,881,094.07, a decrease of 13.50% compared to the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was ¥216,242,281.83, down 41.93% year-on-year[17]. - The basic earnings per share for the first half of 2017 was ¥0.32, a decrease of 41.82% compared to ¥0.55 in the same period last year[19]. - The company reported a net profit of ¥238,032,969.06 after deducting non-recurring gains and losses, down 34.38% from the previous year[17]. - The company’s revenue for the reporting period was approximately ¥2.65 billion, a decrease of 13.50% compared to ¥3.07 billion in the same period last year[55]. - The net profit for the first half of 2017 was CNY 216,242,281.83, a decline of 42.1% from CNY 372,351,763.14 in the same period last year[107]. - The total comprehensive income for the first half of 2017 was CNY 180,686,616.17, down from CNY 456,722,085.59 in the previous year, indicating a decline of 60.5%[110]. Cash Flow and Investments - The net cash flow from operating activities increased to ¥497,882,274.83, a significant improvement from a negative cash flow of ¥33,919,603.16 in the previous year, representing a 1,567.83% increase[17]. - The company's cash flow from operating activities for the first half of 2017 was RMB 498 million, a year-on-year increase of 64% after excluding the impact of tax payments related to the Tianjiang equity transfer[31]. - The net cash flow from investment activities was -205,618,381.94 RMB, compared to -313,358,077.86 RMB in the previous period, indicating an improvement of approximately 34.4%[116]. - The cash outflow for investment activities totaled 2,218,031,131.98 RMB, an increase from 2,055,817,581.85 RMB, representing a rise of approximately 7.9%[116]. Assets and Liabilities - The company's total assets reached ¥8,071,840,947.03, reflecting a 5.76% increase from the end of the previous year[17]. - The company's inventory increased by 7.27% to approximately ¥637 million, reflecting seasonal factors[58]. - Total current liabilities increased to ¥2,092,415,201.76 from ¥1,869,190,739.39, representing a rise of about 11.97%[100]. - Total liabilities reached ¥2,647,287,834.64, up from ¥2,368,321,448.24, indicating an increase of approximately 11.76%[100]. Market Performance and Brand Positioning - The market share of the brand "Liushen" in the flower dew category reached 72.9% in the first half of 2017, an increase of 0.1 percentage points year-on-year[27]. - The brand "Meijiajing" led the mass hand cream category with a market share of 12.1% in the first half of 2017[28]. - The emerging brand "Qichu" held significant positions in the baby skincare market, ranking second in both baby cream and baby bath products with market shares of 10.5% and 4.6% respectively[28]. Expenses and Cost Management - Marketing expenses increased by 17.02% year-on-year, primarily due to enhanced brand promotion efforts[33]. - Administrative expenses rose by 9.36% year-on-year, with office expenses increasing by 121.5% due to new workplace costs[35]. - The company is focusing on cost control measures to improve profitability amid declining revenues[106]. Research and Development - The company's research project expenses increased by 24.05% year-on-year, mainly for product testing and consumer research[35]. - The company implemented a comprehensive R&D strategy to improve product development efficiency and quality, resulting in successful launches of several new products[37]. Corporate Governance and Compliance - The company did not propose any profit distribution or capital reserve transfer to share capital during the reporting period[4]. - The integrity status of the company and its controlling shareholders remained good during the reporting period[72]. - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period[81]. Shareholder Information - The total number of ordinary shareholders reached 31,108 by the end of the reporting period[87]. - The total number of shares outstanding is 673,416,467, with 99.65% being unrestricted shares[83]. - The largest shareholder, Shanghai Jahwa (Group) Co., Ltd., did not change its holdings during the reporting period[89]. Strategic Initiatives - The company completed the transition of its two major online sales platforms, JD.com and Tmall Supermarket, from an agency model to a self-operated model, laying a foundation for future growth[38]. - The company is enhancing its marketing strategies by integrating entertainment and social media to boost brand awareness and sales, particularly targeting younger demographics[40]. - The company aims to transform the "Qichu" brand from a regional player to a national brand by leveraging innovative marketing strategies and expanding its presence in emerging channels[44].

Financial Performance - In Q1 2017, the company achieved operating revenue of RMB 1.34 billion, a decrease of 13.04% compared to the same period last year[5] - The net profit attributable to shareholders was RMB 90.68 million, down 26.59% year-on-year[5] - After excluding the impact of the terminated strategic sales contract with Kao, the company reported a revenue of RMB 1.34 billion for Q1 2017, representing a 14.54% increase year-on-year[7] - The net profit attributable to shareholders, excluding the same impact, was RMB 108.35 million, an increase of 1.79% compared to the previous year[7] - Basic and diluted earnings per share were both RMB 0.16, a decrease of 15.79% compared to the same period last year[5] - Total operating revenue for Q1 2017 was ¥1,340,165,773.92, a decrease of 13.06% compared to ¥1,541,097,064.82 in the same period last year[29] - Net profit for Q1 2017 was ¥108,279,600.36, a decline of 15.04% from ¥127,428,959.75 in Q1 2016[30] - Earnings per share for Q1 2017 were ¥0.16, compared to ¥0.19 in the same period last year[30] Cash Flow and Assets - The net cash flow from operating activities for the period was RMB 176.58 million, an increase of 80.34% year-on-year[5] - Cash and cash equivalents decreased by 48.68% to CNY 1,768,823,529.32 from CNY 3,446,894,441.04, mainly due to an increase in available-for-sale financial assets[15] - The cash flow from operating activities generated a net amount of ¥176.58 million, an increase of 80.06% compared to ¥97.92 million in the previous period[34] - The cash and cash equivalents at the end of the period amounted to ¥1.77 billion, a decrease from ¥3.45 billion at the end of the previous period[34] - The beginning balance of cash and cash equivalents was $1,256,298,923.08, down from $2,809,678,489.90 in the prior year[38] - The ending balance of cash and cash equivalents stood at $1,308,721,205.68, compared to $2,547,275,426.03 in the previous year[38] Operational Efficiency - The company optimized its organizational structure and shifted its marketing system from channel-driven to brand-driven, enhancing operational efficiency[8] - Inventory and accounts receivable balances significantly decreased, indicating improved operational quality[8] - Accounts receivable decreased by 45.27% to CNY 16,747,976.47 from CNY 30,603,534.23 due to increased bill endorsements[13] - Operating costs decreased by 40.07% to CNY 370,371,507.21 from CNY 617,981,098.02, primarily due to the termination of the Kao business[14] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities moving forward[32] Investments and Income - Investment income increased by 77.39% to CNY 11,907,521.64 from CNY 6,712,552.88, driven by higher returns from financial products[14] - The company reported a gross profit margin of approximately 7.5% for Q1 2017, down from 10.0% in Q1 2016[29] Tax and Liabilities - The company's tax payable increased by 31.7 million, a growth rate of 47.75%, reaching 98.07 million by March 31, 2017, compared to 66.38 million at the beginning of the year[19] - The main reason for the increase in tax payable was the rise in unpaid value-added tax, which grew by 31.45 million, attributed to seasonal sales factors[19] - The company's total liabilities were 2.44 billion, an increase from 2.37 billion at the beginning of the year[25] Assets Overview - Total assets at the end of the reporting period were RMB 7.81 billion, up 2.38% from the end of the previous year[5] - As of March 31, 2017, the company's total assets amounted to 7.81 billion, an increase from 7.63 billion at the beginning of the year[25] - The company's current assets totaled 5.53 billion, up from 5.41 billion at the beginning of the year[23] - The company's equity attributable to shareholders reached 5.38 billion, up from 5.26 billion at the beginning of the year[25]