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Tsis ntev los no, Jiangxi AVONFLOW HVAC Technology Co., Ltd. disclosed a prospectus to be listed on the Growth Enterprise Market. According to the prospectus, AVONFLOW’s revenue in 2019-2021 is about 592 lab yuan, 557 lab yuan, 800 lab yuan, and the net profit is 37.81 lab yuan, 12.92 lab yuan, 70.07 lab yuan.

Item	December 31, 2021 /FY 2021	December 31, 2020 / FY2020	December 31, 2019 /FY2019
Gearing Ratio (Parent Company)	55.70%	47.30%	46.24%
Operating Income (lab yuan)	80,006.28	55,652.00	59,164.69
Net Profit (lab yuan)	7,007.60	1,292.72	3,781.71
Net Profit Attributable To Owners Of The Parent Company Profit (lab yuan)	7,007.60	1,292.72	3,781.71
Net Profit Attributable To Owners Of The Parent Company After Deducting Non-Recurring Gains And Losses (Million) Yuan)	7,032.04	1,478.57	3,633.07
Basic Earnings Per Share (Yuan)	1.08	0.20	0.58
Diluted Earnings Per Share (Yuan)	1.08	0.20	0.58
Weighted Average Return On Net Assets	21.82%	4.62%	14.88%
Net Cash Flow From Operating Activities Amount (Yuan)	&000.19	7,519.20	2,743.63
Cash Dividends (Yuan)	–	–	–
Ratio Of R&D Investment To Operating Revenue	3.17%	3.36%	2.75%

The prospectus introduces that AVONFLOW mainly focuses on export sales, and the revenue from export sales accounts for about 90% of the company’s operating revenue. Ntawm lawv, the revenue share of AVONFLOW’s bathroom towel rack rose from 57.7% hauv 2019 rau 60.41% hauv 2021, at $471 lab.

Unit: lab yuan

Cov khoom	FY 2021		FY 2020		FY 2019
Cov khoom	Amount	Proportion	Amount	Proportion	Amount	Proportion
Bathroom Towel Rack	47,147.26	60.41%	31,897.14	57.51%	34,021.12	57.70%
HVAC Spare Parts	26,435.67	33.87%	19,754.74	35.62%	20,726.12	35.15%
Other Heating And Ventilation Products	4,467.99	5.72%	3,809.99	6.87%	4,212.83	7.15%
Total	78,050.92	100.00%	55,461.87	100.00%	5&960.07	100.00%

Hauv 2021, AVONFLOW’s revenue of sprayed towel rack is 316 million yuan and revenue of plated towel rack is 156 lab yuan, accounting for 40.46% thiab 19.94% respectively.

Unit: lab yuan

Cov khoom	FY 2021		FY 2020		FY 2019
Cov khoom	Amount	Proportion	Amount	Proportion	Amount	Proportion
Bathroom Towel Racks	47,147.26	60.41%	31,897.14	57.51%	34,021.12	57.70%
Among Them: Spraying Towel Rack	31,580.41	40.46%	20,233.53	36.48%	21,053.53	35.71%
Electroplated Towel Rack	15,566.85	19.94%	11,663.60	21.03%	12,967.59	21.99%

Hauv 2021, the production capacity of AVONFLOW bathroom towel rack is 1.8 million sets, the output is 1,780,200 sets, the sales is 1,665,300 sets, and the production and sales rate is 93.55%.

Unit: 10,000 sets / 10,000 units

Product Category	Project	FY 2021	FY 2020	FY 2019
Bathroom Towel Rack Product Category	production capacity	180.00	130.00	130.00
	Capacity	178.02	118.96	123.50
	Capacity utilization	98.90%	91.50%	95.00%
Bathroom Towel Rack	production capacity	800.00	700.00	660.00
	Capacity	646.72	513.44	619.27
	Capacity utilization rate	80.84%	7335%	93.83%

Note: The capacity of HVAC spare parts mainly includes temperature control valves, heating valves and magnetic filters, and does not include other accessory products.

AVONFLOW intends to raise RMB 664 million for the technical improvement and upgrading project of the automatic production line of towel rack with an annual production capacity of 1.3 million sets, the construction project of the automatic production line of towel rack with an annual production capacity of 1 million sets and the supplementary working capital.

Unit: lab yuan

Tsis muaj.	Project Name	Total Investment	Amount To Be Invested With Proceeds	Project Filing Code	Environmental Assessment Document Number
1	Annual Output Of 1.3 Million Sets Of Towel Rack Automatic	26,142.02	26,142.02	2101-361199-07-02-600216	Rao Jing Environmental Assessment No. [2021] 94
2	Production Line Technical Reform And Upgrade Project	35,325.98	35,325.98	2103-361199-07-02-590070	Rao Jing Environmental Assessment No. [2022] 21
3	Annual Output Of 1,000,000 Sets Of Towel Rack Automatic	5,000.00	5,000.00
Total		66,468.00	66,468.00