Financial Performance - In the first half of 2023, the company achieved a revenue of approximately RMB 8,537.5 million, representing a growth of 19.37% compared to RMB 7,152.2 million in the same period last year[6]. - The net profit for the same period was approximately RMB 802.9 million, a decrease of 6.51% from RMB 858.8 million year-on-year[6]. - Revenue increased by 19.37% from approximately RMB 7,152.2 million for the six months ended June 30, 2022, to approximately RMB 8,537.5 million for the six months ended June 30, 2023[22]. - Core fruit products revenue rose by 21.28% from approximately RMB 3,517.4 million to approximately RMB 4,265.8 million, accounting for 49.97% of total revenue[23]. - Sales of brand fruit products increased by 18.33% from approximately RMB 5,297.7 million to approximately RMB 6,268.9 million, representing 73.43% of total revenue[25]. - The gross profit for the same period was RMB 1,312,593 thousand, slightly down from RMB 1,353,376 thousand in 2022, indicating a decrease of about 3.0%[68]. - Operating profit for the six months was RMB 1,004,187 thousand, compared to RMB 1,063,949 thousand in the previous year, reflecting a decline of approximately 5.6%[68]. - The profit before tax decreased to RMB 946,999 thousand from RMB 1,036,493 thousand, a reduction of about 8.6% year-over-year[68]. - The net profit attributable to equity shareholders was RMB 803,669 thousand, down from RMB 857,357 thousand in the same period last year, a decrease of approximately 6.3%[68]. - Basic earnings per share for the six months ended June 30, 2023, was RMB 0.57, down from RMB 0.63 for the six months ended June 30, 2022[35]. Operational Expansion - The company has become the largest fruit distributor in China based on 2022 sales revenue, and remains the largest distributor of Southeast Asian fruits, durians, and imported dragon fruits[6]. - The company has expanded its procurement of durians from Vietnam, which now accounts for 16.90% of its total durian procurement[7]. - The company operates 16 fruit processing plants in Vietnam and Thailand, employing over 400 local team members[7]. - The company is actively collaborating with local governments to establish professional procurement subsidiaries and operational centers in various regions to enhance domestic fruit supply chains[8]. - In the first half of 2023, the company established 24 sales subsidiaries and 60 sorting centers, covering over 300 cities nationwide, enhancing customer service capabilities[10]. - The company plans to expand its upstream procurement network and increase penetration in overseas quality fruit origins, targeting countries like the Philippines and Chile[20]. - The company aims to enhance its sales and distribution network by establishing new sales branches nationwide and focusing on emerging retail channels[20]. Digital Transformation and Supply Chain Management - The company is committed to enhancing its end-to-end supply chain through advanced digitalization strategies[7]. - The company has implemented a digital management system covering the entire business process, improving decision-making efficiency and operational effectiveness[14]. - The company upgraded its IoT equipment for real-time temperature and humidity control, enhancing supply chain risk management and product quality assurance[14]. - The company is focused on digital system upgrades and the development of a global fruit industry internet platform to improve data analysis and decision-making[21]. - The company will enhance internal control management and upgrade financial and contract management systems to support rapid development[21]. Financial Management and Capital Structure - The company is focusing on optimizing cash flow management as it expands its operational scale and market share[6]. - The company reduced the average turnover days of advance payments from 38.3 days at the end of 2022 to 33.4 days, indicating improved operational efficiency[15]. - The net cash outflow from operating activities decreased by 58.42% compared to the same period last year, reflecting continuous improvement in cash flow[15]. - The company is enhancing its capital structure through two rounds of financing, improving its operational capacity and risk resistance[15]. - The company is focusing on optimizing its capital structure to promote sustainable development of its main business[15]. Marketing and Brand Development - Sales revenue from emerging retail channels increased by approximately 40% compared to the same period last year, driven by the growth in the fresh fruit retail market[10]. - Brand fruit sales accounted for 73.43% of total revenue in the first half of 2023, with the "Hong Jiu Tai Hao Chi" brand series generating approximately RMB 2.89 billion, representing 46.15% of brand fruit sales[12]. - The company is actively engaging in brand promotion activities, including the "2023 Durian Freedom Festival," to enhance brand recognition and consumer engagement[13]. - The sales revenue from the company's digital marketing efforts on platforms like Xiaohongshu and Douyin has contributed to increased brand awareness and market presence[13]. Governance and Compliance - The company has adopted the Corporate Governance Code and has complied with all applicable provisions as of June 30, 2023[43]. - The company continues to review its corporate governance practices to meet increasing regulatory requirements and shareholder expectations[43]. - The audit committee is composed of three independent non-executive directors, ensuring effective oversight of financial reporting[47]. - The company has made changes to its board composition, electing a new independent non-executive director and audit committee chair[48]. Share Capital and Ownership Structure - A capitalization issue was approved, resulting in an increase of total shares from 467,368,802 to 1,402,106,406, with 934,737,604 new shares issued[45]. - The company issued a total of 14,294,900 new H shares at a price of HKD 40.00 per share, raising approximately HKD 571.80 million, with net proceeds of HKD 559.13 million after underwriting fees and related expenses[51]. - As of June 30, 2023, the total amount of raised funds used was RMB 509.01 million, with 67.3% allocated to improving the fruit supply chain and 15.8% for brand building and product promotion[52]. - The company has a significant concentration of ownership, with major shareholders holding over 5% of the relevant class of shares[60]. - The ownership structure as of June 30, 2023, highlights the influence of key stakeholders in corporate governance and decision-making processes[60].

Financial Performance - The company's revenue increased by 19.37% from approximately RMB 7,152.2 million for the six months ended June 30, 2022, to approximately RMB 8,537.5 million for the six months ended June 30, 2023[2]. - Gross profit decreased by 3.01% from approximately RMB 1,353.4 million to approximately RMB 1,312.6 million during the same period[2]. - Net profit declined by 6.51% from approximately RMB 858.8 million to approximately RMB 802.9 million[2]. - Total comprehensive income for the period was RMB 809.3 million, down from RMB 860.4 million in the previous year[4]. - The company reported basic and diluted earnings per share of RMB 0.57, down from RMB 0.63 in the previous year[3]. - The company's net profit for the same period was approximately RMB 802.9 million, a decrease of 6.51% compared to RMB 858.8 million in the previous year[34]. - The company's pre-tax profit for the six months ended June 30, 2023, was RMB 57,188 thousand, an increase from RMB 27,456 thousand in the same period of 2022, reflecting a significant rise in financial costs[16]. - The basic earnings per share for the six months ended June 30, 2023, was RMB 803,669 thousand, compared to RMB 857,357 thousand for the same period in 2022, indicating a slight decline[21]. Cash Flow and Assets - Operating cash flow net outflow decreased by 58.42% compared to the same period last year[2]. - The net cash used in operating activities for the six months ended June 30, 2023, was RMB (313,537) thousand, a significant improvement compared to RMB (754,102) thousand for the same period in 2022[9]. - The company's total assets less current liabilities increased to RMB 7,541.9 million from RMB 6,438.9 million[5]. - Current assets increased to RMB 10,985.4 million from RMB 9,480.5 million, driven by an increase in trade and other receivables[5]. - The company's cash and cash equivalents increased by RMB 406,289 thousand for the six months ended June 30, 2023, compared to an increase of RMB 147,162 thousand for the same period in 2022[9]. - Cash and cash equivalents rose significantly from approximately RMB 149.2 million to approximately RMB 556.5 million, while net current assets increased from approximately RMB 6,156.6 million to approximately RMB 7,238.7 million[63]. - Bank loans increased from approximately RMB 2,282.8 million to approximately RMB 2,775.8 million, primarily to fund procurement and expand logistics and supply chain facilities[64]. Shareholder Equity and Dividends - The board of directors has resolved not to recommend the payment of an interim dividend for the six months ended June 30, 2023[2]. - As of June 30, 2023, the company's total equity amounted to RMB 7,490,534 thousand, up from RMB 6,378,138 thousand as of January 1, 2023, reflecting an increase of approximately 17.4%[8]. - The company's equity attributable to shareholders increased to RMB 7,485.7 million from RMB 6,372.6 million[6]. - As of June 30, 2023, the company had issued a total of 1,417,066,406 shares, following a capital increase from reserves and a placement of 14,960,000 new shares[32][33]. Operational Highlights - The company expanded its procurement channels, increasing the share of durian sourced from Vietnam to 16.90% of total durian procurement[35]. - The company established 24 sales subsidiaries and 60 sorting centers, covering over 300 cities nationwide[38]. - Sales revenue from emerging retail channels increased by approximately 40% compared to the previous year[38]. - Brand fruit sales accounted for 73.43% of total revenue in the first half of 2023, with the "Hong Jiu Tai Hao Chi" brand series generating approximately RMB 2.89 billion[39]. - The company is actively responding to the Chinese government's rural revitalization strategy by collaborating with local governments to establish procurement subsidiaries and operational centers[36]. - The company has strengthened its end-to-end digital supply chain, enhancing its competitive advantage in procurement, logistics, and sales[35]. - The company successfully launched the "Hongjiutai Delicious Durian Special Train" in June 2023, enhancing cold chain efficiency and reducing transportation costs for Southeast Asian imported fruits[44]. - The company achieved AEO (Authorized Economic Operator) high-level certification in June 2023, improving customs clearance efficiency and reducing risks in import operations[45]. - The company was awarded the "Top Ten Growth Enterprise Brand Case in Specialty Fruits" at the first China Rural Revitalization Brand Conference, recognizing its role in promoting fruit industry development[47]. Expenses and Costs - Sales cost increased by 24.59% from approximately RMB 5,798.9 million to approximately RMB 7,224.9 million, consistent with the growth in sales scale[53]. - Sales and distribution expenses rose by 22.34% from approximately RMB 99.0 million to approximately RMB 121.1 million, driven by increased employee costs and brand promotion efforts[55]. - Administrative expenses increased slightly from approximately RMB 949 million for the six months ended June 30, 2022, to approximately RMB 950 million for the six months ended June 30, 2023, reflecting a growth of 0.17%[56]. - Trade receivables impairment losses rose significantly by 47.76%, from approximately RMB 1,244 million to approximately RMB 1,838 million, primarily due to increased trade receivables and extended payment cycles caused by COVID-19 and macroeconomic conditions[57]. - Other net income surged by 213.42%, increasing from approximately RMB 304 million to approximately RMB 953 million, mainly due to higher foreign exchange gains and increased government subsidies[58]. - Income tax decreased by 18.92%, from approximately RMB 1,777 million to approximately RMB 1,441 million, aligning with the company's profit scale[60]. Future Plans and Strategies - The company plans to expand its upstream procurement network and enhance penetration rates in overseas markets, targeting countries like the Philippines and Chile[48]. - The company aims to strengthen logistics and warehousing management by collaborating with major shipping companies and ports to develop new logistics channels[49]. - The company will continue to enhance its brand strategy to improve brand awareness and consumer loyalty through optimized marketing and product offerings[49]. - The company is focused on digital system upgrades and the development of a global fruit industry internet platform to enhance data analysis and decision-making capabilities[49]. - The company is optimizing its sales channels by shifting resources towards e-commerce and other growth potential channels, reducing reliance on community group buying due to changing market trends[69]. - The company plans to issue up to 30,487,802 domestic unlisted ordinary shares at a price of RMB 16.40 per share, aiming to raise approximately RMB 500 million to strengthen the fruit supply chain and supplement working capital[68]. Governance and Compliance - The board of directors does not recommend the distribution of an interim dividend for the six months ended June 30, 2023[70]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ended June 30, 2023[70]. - The company has adhered to the corporate governance code and standard code throughout the reporting period[70]. - The mid-term performance announcement will be published on the Hong Kong Stock Exchange and the company's website[71].

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 15,080.5 million, representing a growth rate of 46.7% compared to RMB 10,280.1 million in 2021[10]. - Gross profit for 2022 was RMB 2,575.9 million, with a gross margin of 17.1%, up from 15.7% in 2021[10]. - Net profit for the year was RMB 1,454.5 million, significantly higher than RMB 292.4 million in 2021, marking a substantial increase[10]. - The adjusted net profit margin for 2022 was 9.6%, slightly down from 10.6% in 2021, due to changes in financial instruments related to investor rights[10][14]. - The adjusted net profit for 2022 rose to RMB 1,454.5 million, up 33.5% from RMB 1,089.6 million in 2021[18]. - The overall sales cost rose by 44.3% to RMB 12,504.7 million, but the increase was lower than revenue growth, indicating improved gross margin[32]. - Gross profit increased by 59.7% to RMB 2,575.9 million, with gross margin rising from 15.7% in 2021 to 17.1% in 2022[33]. - The gross margin for core fruit products improved from 17.5% in 2021 to 21.0% in 2022, reflecting effective supply chain management and market conditions[37]. Market Expansion and Strategy - The company plans to continue expanding its market presence and developing new products to drive future growth[14]. - The company plans to expand its upstream procurement network and enhance penetration in overseas markets, targeting countries like the Philippines and Chile[23]. - The company aims to strengthen its sales and distribution network by establishing new sales subsidiaries nationwide and adapting to market changes such as instant retail and community group buying[23]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to enhance its competitive position[94]. - The company is focused on community group buying business targeting end consumers through its subsidiary Shanghai Caicai Supermarket[82]. Sales and Distribution - The company expanded its sales network to 23 sales subsidiaries, adding 4 new locations in Harbin, Nanjing, Zhengzhou, and Baoding[18]. - The company operates 60 sorting centers nationwide, enhancing customer service capabilities[18]. - Brand fruit products accounted for 71.3% of total revenue in 2022, with sales increasing by 42.8% to RMB 10,754.1 million[31]. - The sales revenue of durian reached RMB 3,965.3 million, an increase of 13.9% compared to 2021, despite a 4.6% decrease in import weight due to the pandemic[28]. - The sales revenue of dragon fruit in 2022 was RMB 825.3 million, a decrease of 2.4% from 2021, primarily due to extended logistics and customs processes from Vietnam[28]. - The sales revenue of grapes surged to RMB 711.6 million in 2022, marking a 42.2% increase, attributed to the stable supply chain during the COVID-19 pandemic[28]. - Other fruit categories saw a significant sales increase of 90.4%, reaching RMB 8,318.9 million in 2022, driven by network expansion and brand recognition[28]. Operational Efficiency - The company continues to strengthen its "end-to-end" supply chain model, enhancing operational efficiency and competitive advantage[18]. - The company maintained relatively low inventory turnover days despite challenges from COVID-19 affecting some downstream customers[21]. - The company achieved a 30% reduction in operational costs through efficiency improvements and process optimization[194]. - The company is enhancing its logistics and warehousing management capabilities through new cooperation agreements to solidify its logistics layout[23]. Employee and Governance - The company employed 2,607 full-time employees, with 396 based in Thailand and Vietnam, emphasizing the importance of employee expertise for long-term growth[56]. - The company emphasizes competitive compensation packages and performance bonuses to attract and retain qualified personnel[71]. - The company has established a strong internal training system to enhance employees' professional skills and industry knowledge[71]. - The board consists of a balanced mix of executive, non-executive, and independent non-executive directors, ensuring effective oversight and independent judgment[121]. - The company has established mechanisms to ensure independent opinions are obtained for board decisions, including consultations with legal advisors and auditors[123]. Risk Management and Compliance - The company faces various risks, including reliance on brand recognition, food safety, and potential disruptions in supplier relationships[22]. - The company has established an effective risk management and internal control system as of December 31, 2022, ensuring compliance with corporate governance codes[155]. - The risk management system includes risk identification, assessment, and management strategies to mitigate operational risks and achieve business objectives[156]. - The internal control system aims to ensure operational efficiency, reliability of financial reporting, and compliance with applicable laws and regulations[157]. ESG and Corporate Governance - The company is committed to enhancing its ESG practices, with specific initiatives aimed at reducing carbon emissions by 20% by 2025[193]. - The report follows the ESG reporting guidelines issued by the Hong Kong Stock Exchange[196]. - The board is responsible for overall risk management and internal control systems, including ESG-related risks[199]. - The company has a zero-tolerance policy towards corruption, including bribery and fraud, and conducts regular anti-corruption training for employees[162]. Shareholder Communication - The company emphasizes the importance of transparent and timely communication with shareholders to enhance investor relations[167]. - The company has adopted a shareholder communication policy to ensure accurate and open communication with shareholders[168]. - Shareholders holding 10% or more of the company's shares can request a special meeting within 10 days of submitting a written request[169]. - The company’s website serves as a platform for communication, providing access to operational performance and strategic updates[168].

Financial Performance - The company's revenue increased by 46.7% from RMB 10,280.1 million for the year ended December 31, 2021, to RMB 15,080.5 million for the year ended December 31, 2022[2]. - Gross profit rose by 59.7% from RMB 1,613.1 million in 2021 to RMB 2,575.9 million in 2022[2]. - Adjusted profit increased by 33.5% from RMB 1,089.6 million in 2021 to RMB 1,454.5 million in 2022[2]. - Net profit for the year ended December 31, 2022, was RMB 1,454.5 million, compared to RMB 292.4 million in 2021, marking an increase of approximately 396.5%[32]. - Basic earnings per share rose to approximately RMB 3.17 in 2022, up from RMB 1.50 in 2021[25]. - The profit before tax for the year ended December 31, 2022, was RMB 1,710,359 thousand, significantly higher than RMB 499,535 thousand in 2021, representing a growth of 242.5%[65]. - The diluted earnings per share for the year ended December 31, 2022, remained the same as the basic earnings per share, reflecting the company's consistent profitability[71]. Sales and Market Expansion - The company has established 23 sales subsidiaries nationwide, increasing by 4 from the end of 2021, enhancing its sales network coverage[3]. - The company operates 16 fruit processing plants in Vietnam and Thailand, with nearly 400 local employees as of December 31, 2022[4]. - The company plans to expand its upstream procurement network and increase penetration in overseas quality fruit origins, targeting countries like the Philippines and Chile[6]. - The company aims to enhance its sales and distribution network by establishing new sales subsidiaries and adapting to changes in the fruit retail market, including live e-commerce[6]. - Core fruit sales amounted to RMB 6,761.6 million in 2022, a 14.4% increase from 2021, despite a decline in overall import volumes due to COVID-19[8]. - The sales of durian reached RMB 3,965.3 million in 2022, up 13.9% from 2021, with the company's import share of Thai durian increasing to 12.7%[9]. - The sales of grapes surged by 42.2% to RMB 711.6 million in 2022, attributed to the stable supply ensured by the company's end-to-end supply chain[9]. - Other fruit categories saw a significant increase of 90.4%, with sales reaching RMB 8,318.9 million in 2022, driven by network expansion and brand recognition[9]. - Brand fruit sales grew by 42.8% to RMB 10,754.1 million in 2022, accounting for 71.3% of total revenue[10]. Cost and Profitability - The sales cost increased by 44.3% to RMB 12,504.7 million, but the growth rate was lower than that of revenue, indicating improved profitability[12]. - The company's gross profit rose by 59.7% to RMB 2,575.9 million, with the gross margin increasing from 15.7% to 17.1%[12][13]. - The gross profit of core fruit products increased from RMB 1,037,152 thousand in 2021 to RMB 1,417,633 thousand in 2022, with a gross margin rise from 17.5% to 21.0%[14]. - The gross margin for durian improved from 20.7% in 2021 to 24.5% in 2022, attributed to reduced procurement costs and strong consumer demand despite logistical challenges[15]. - The gross margin for dragon fruit rose from 11.5% in 2021 to 14.1% in 2022, reflecting a recovery in sales prices[15]. - The gross margin for cherries surged from 6.4% in 2021 to 19.4% in 2022, as sales prices normalized following effective pandemic control measures[15]. Financial Position and Assets - Total assets increased to RMB 9,762,797 thousand in 2022 from RMB 5,756,116 thousand in 2021[84]. - Current assets net value increased from RMB 4,296.4 million to RMB 6,156.6 million, with a current ratio of approximately 2.9 times as of December 31, 2022, down from 4.3 times in 2021[27]. - Trade receivables rose from RMB 3,707.3 million to RMB 7,667.3 million, with turnover days increasing from 103.0 days in 2021 to 144.8 days in 2022, impacted by COVID-19[26]. - The total trade payables as of December 31, 2022, reached RMB 767,831 thousand, compared to RMB 325,411 thousand in 2021, indicating an increase of about 135.9%[75]. - The company's equity attributable to shareholders increased from RMB 4,406.6 million to RMB 6,372.6 million[34]. - The company’s total liabilities decreased to RMB 4,125,058 million, indicating improved financial health[35]. Governance and Compliance - The company has maintained compliance with corporate governance codes since its listing date[86]. - The audit committee reviewed the financial statements for the year ending December 31, 2022, ensuring compliance with applicable accounting standards[89]. - The company is committed to high standards of corporate governance, which is crucial for its development and shareholder protection[86]. - The company did not adopt any new accounting standards that would significantly impact its financial reporting for the current period[40]. Cash Flow and Financing - Net cash used in operating activities was RMB 1,823,445 million, an increase from RMB 981,621 million in the previous year[36]. - The company reported a net cash inflow from financing activities of RMB 1,717,747 million, compared to RMB 720,885 million in the previous year[36]. - Bank loans rose significantly from RMB 874.7 million to RMB 2,282.8 million, reflecting funding for procurement and logistics expansion[27]. - The company raised a total of HKD 571,796 thousand (approximately RMB 502,902 thousand) from the issuance of H-shares, with a net amount of RMB 489,403 thousand after deducting issuance costs[79]. Taxation and Deferred Tax - The company recognizes current tax liabilities based on the expected tax payable calculated at the tax rate announced at year-end[41]. - Deferred tax assets and liabilities arise from deductible and taxable temporary differences, with unutilized tax losses and credits also generating deferred tax assets[41]. - The carrying amount of deferred tax assets is reviewed at year-end to ensure sufficient taxable profits are available to offset the related tax benefits[42]. - The company’s effective tax rate for the year ended December 31, 2022, was influenced by a nominal tax expense of RMB 422,256 thousand, compared to RMB 120,897 thousand in 2021, indicating a significant rise in tax obligations[65].

Revenue and Profit Growth - Revenue increased by 32.0% from RMB 5,417.3 million in the six months ended June 30, 2021, to RMB 7,152.2 million in the six months ended June 30, 2022[7]. - Adjusted profit rose by 42.1% from RMB 604.4 million to RMB 858.8 million during the same period[7]. - Net profit for the six months ended June 30, 2022, was RMB 858.8 million, compared to RMB 5.6 million for the same period in 2021[25]. - Gross profit increased by 59.4% from RMB 849.1 million to RMB 1,353.4 million, with gross margin rising from 15.7% to 18.9%[18]. - Operating profit increased to RMB 1,063,949 thousand, a 47.9% rise compared to RMB 718,971 thousand in the previous year[63]. - Basic and diluted earnings per share were both RMB 1.89, compared to RMB 0.01 in the same period last year[63]. Sales Performance - Core fruit product sales amounted to RMB 3,517.4 million, accounting for 49.2% of total revenue, down from 63.4% in the previous year[12]. - Other fruit products saw a significant increase in sales, rising to RMB 3,634.8 million, which represents 50.8% of total revenue[12]. - Brand fruit product sales increased by 33.9% from RMB 3,955.1 million in the six months ended June 30, 2021, to RMB 5,297.7 million in the six months ended June 30, 2022, accounting for 73.0% and 74.1% of total revenue respectively[16]. - Durian sales increased by 4.9% despite a decline in overall import volume due to weather conditions affecting harvest seasons[14]. Expenses and Costs - Sales cost rose by 26.9% from RMB 4,568.2 million to RMB 5,798.9 million, with the increase being lower than revenue growth due to improved gross margin[17]. - Selling and distribution expenses grew by 20.6% from RMB 82.1 million to RMB 99.0 million, primarily due to increased employee costs and rental expenses[19]. - Administrative expenses surged by 80.8% from RMB 52.5 million to RMB 94.9 million, mainly due to rising employee costs and increased listing expenses[20]. - Income tax increased by 73.3% from RMB 102.5 million to RMB 177.7 million, in line with business growth[24]. Financial Position - Total assets as of June 30, 2022, were RMB 7,883,825 thousand, an increase from RMB 5,607,858 thousand at the end of 2021[67]. - The total equity attributable to equity shareholders was RMB 5,265,533 thousand, an increase from RMB 4,406,553 thousand at the end of 2021[69]. - Cash and cash equivalents increased from RMB 239.5 million to RMB 389.0 million, while current ratio decreased from 4.28 to 2.87[29]. - Trade and other receivables increased by RMB 2,143.8 million to RMB 7,277.5 million, with trade receivables turnover days rising from 103 days to 129 days due to COVID-19 impacts[28]. Shareholding Structure - The total issued share capital at the time of listing was RMB 467,086,402, consisting of 467,086,402 ordinary shares[38]. - Mr. Deng holds 101,740,360 domestic shares, representing 64.99% of the domestic share category and 21.78% of the total share capital[49]. - Alibaba (China) Network Technology Co., Ltd. holds 36,245,913 H shares, accounting for 11.67% of the H share category and 7.76% of the total share capital[52]. - The company has a significant shareholding structure with various stakeholders, including Alibaba Group Holding Limited and its subsidiaries[52]. Future Outlook and Strategic Initiatives - The company plans to enhance its supply chain, expand its sales and distribution network, and improve logistics and warehousing management[9]. - Investment will be increased in brand building and product promotion, alongside digital system upgrades and the development of a global fruit industry internet platform[9]. - Future outlook includes a projected revenue growth of 10% for the second half of 2022, driven by new product launches and market expansion[122]. - The company is investing RMB 50 million in R&D for new product development, focusing on organic fruit products[122]. - A new marketing strategy will be implemented, targeting younger demographics to boost brand awareness and sales[122]. Regulatory and Compliance - The company has adopted corporate governance practices since the listing date and has complied with the relevant codes[39]. - The independent review report covers the financial statements for the six months ending June 30, 2022, in compliance with international accounting standards[60]. - The company is under the regulatory framework of the Hong Kong Stock Exchange and adheres to the relevant provisions of the International Accounting Standards[60].