Financial Performance - Q3 2021 revenue reached ¥530,085,943.27, a year-on-year increase of 5.69%[3] - Net profit attributable to shareholders was ¥44,787,334.74, down 45.02% compared to the same period last year[3] - Basic earnings per share decreased by 44.12% to ¥0.19[3] - Year-to-date net profit attributable to shareholders increased by 110.81% to ¥194,689,225.14[7] - Total operating revenue for the first three quarters of 2021 was ¥1,507,723,047.62, slightly down from ¥1,509,785,236.73 in the same period of 2020, representing a decrease of approximately 0.1%[20] - Net profit for the first three quarters of 2021 reached ¥201,563,238.85, compared to ¥98,425,616.03 in 2020, indicating a significant increase of approximately 104%[21] - The total comprehensive income for the first three quarters of 2021 was ¥172,992,761.75, compared to ¥95,625,935.10 in 2020, indicating an increase of approximately 80.9%[22] - The company reported a basic and diluted earnings per share of ¥0.81 for the first three quarters of 2021, compared to ¥0.38 in the same period of 2020, representing an increase of 113%[22] Assets and Liabilities - Total assets at the end of the period were ¥3,128,927,517.02, an increase of 11.14% from the end of the previous year[4] - The company's total liabilities as of September 30, 2021, amounted to ¥1,084,640,837.74, up from ¥900,747,927.32 at the end of 2020, reflecting an increase of about 20.4%[20] - The company’s long-term liabilities increased to ¥504,393,891.27 in 2021 from ¥260,298,450.97 in 2020, reflecting a growth of about 93.7%[20] - The company reported a total non-current asset value of RMB 1,630,648,271.04, compared to RMB 1,382,255,662.06 at the end of 2020, marking an increase of about 17.9%[16] - The company’s total liabilities as of September 30, 2021, were RMB 1,000,000,000, reflecting a significant increase from the previous year[16] - The total assets of the company as of January 1, 2021, were CNY 3,069,669,813.67, an increase of CNY 254,259,388.20 compared to December 31, 2020[28] - The company's total liabilities increased to CNY 666,786,066.60 as of January 1, 2021, up by CNY 26,336,590.25 from December 31, 2020[28] Cash Flow - Operating cash flow for the year-to-date period increased by 186.84% to ¥326,015,055.02[7] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,663,128,148.02, an increase of 7.73% compared to CNY 1,543,643,691.22 in the same period of 2020[24] - Net cash flow from operating activities in Q3 2021 was CNY 326,015,055.02, significantly up from CNY 113,658,331.19 in Q3 2020, representing a growth of 186.3%[25] - Total cash and cash equivalents at the end of Q3 2021 reached CNY 904,687,462.62, compared to CNY 579,509,121.23 at the end of Q3 2020, marking an increase of 56%[25] - Cash outflow from investing activities in Q3 2021 was CNY 91,650,333.05, down from CNY 152,719,838.85 in Q3 2020, indicating a reduction of 40%[25] - Net cash flow from investing activities in Q3 2021 was CNY 32,457,886.80, a recovery from a negative cash flow of CNY 151,203,741.85 in Q3 2020[25] - Cash outflow from financing activities in Q3 2021 totaled CNY 204,432,210.33, compared to CNY 73,333,121.05 in Q3 2020, reflecting an increase of 178%[25] - The company reported a decrease in cash flow from financing activities, with a net cash flow of -CNY 204,432,210.33 in Q3 2021, worsening from -CNY 62,793,642.41 in Q3 2020[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,824[9] - The largest shareholder, Shanghai Ocean Fishery Co., Ltd., holds 42.26% of the shares[9] - The company’s major shareholders include Shanghai Yuanyang Fishery Co., Ltd., which holds 101,811,538 shares, representing 42.83% of the total share capital[10] - The company’s top ten shareholders collectively hold 34,944,360 shares, accounting for 14.50% of the total share capital[10] Operational Developments - The company has initiated the construction of a new factory in Salvatierra, Spain, which commenced on April 22, 2021, with the main structure completed[11] - The company plans to continue focusing on market expansion and new product development to drive future growth, although specific strategies were not detailed in the provided content[23] Changes in Financial Standards - The company implemented a new leasing standard starting in 2021, which adjusted the financial statements accordingly[26]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥977.64 million, a decrease of 3.03% compared to ¥1,008.23 million in the same period last year[20]. - Net profit attributable to shareholders for the first half of 2021 reached approximately ¥149.90 million, representing a significant increase of 1,275.68% from ¥10.90 million in the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.62, up from ¥0.05 in the same period last year, marking an increase of 1,140.00%[19]. - The weighted average return on net assets increased to 7.68% from 0.61% in the previous year, an increase of 7.07 percentage points[19]. - The net cash flow from operating activities for the first half of 2021 was approximately ¥175.70 million, a slight decrease of 0.13% compared to ¥175.92 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥3.06 billion, an increase of 8.60% from ¥2.82 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.97 billion, reflecting a growth of 4.54% from ¥1.88 billion at the end of the previous year[20]. - The company's total operating costs decreased by 11.91% to approximately ¥618.41 million, primarily due to reduced costs in food processing[33]. - The company achieved a net profit attributable to shareholders of 149.90 million yuan, an increase of 1,275.68% year-on-year, primarily due to the delivery of the "Kaiyu" vessel sale, which generated a net gain of 99.99 million yuan after tax[35]. - The net profit excluding non-recurring gains and losses was 43.09 million yuan, representing a year-on-year increase of 185.82%[35]. Subsidiary Performance - The company’s subsidiary, Shanghai Kaichuang Ocean Fishing Co., Ltd., reported a net profit of 84.91 million yuan, an increase of 12.58 million yuan year-on-year[39]. - The subsidiary Pan Pacific Foods (Marshall Islands) Ltd. reported a net loss of 8.01 million yuan, a decrease of 4.00 million yuan year-on-year[40]. - The subsidiary Pan Pacific Fisheries (Marshall Islands) Ltd. achieved a net profit of 57.65 million yuan, an increase of 21.95 million yuan year-on-year[40]. - The total assets of the subsidiary Kanglong (Hong Kong) Shipping Co., Ltd. amounted to RMB 192.89 million, with a net profit of RMB 9.47 million, a decrease of RMB 0.77 million compared to the same period last year[42]. - The subsidiary French Creek Seafood Company reported total assets of RMB 41.11 million and a net profit of RMB 0.91 million, an increase of RMB 1.28 million year-on-year[42]. - The wholly-owned subsidiary Aistras Trading Co., Ltd. had total assets of RMB 16.60 million and a net profit of RMB 1.71 million[42]. Revenue Sources - The fishing business accounted for 57% of the company's total revenue, while the marine food processing business contributed 32%[25]. - The tuna catch volume reached 69,367 tons, contributing ¥53.71 million to the revenue from fishing operations[30]. - The company's tuna sales in the Chinese market for the first half of 2021 amounted to RMB 570.87 million, accounting for 58.74% of total operating income[45]. - The company reported that its tuna sales to the key customer Taohua Bairun accounted for 51.07% of total operating income in the first half of 2021[45]. - ALBO Company, the third-largest canned food brand in Spain, generated €4.09 million in revenue, with a net profit of €1.61 million during the reporting period[30]. Asset Management - The company's total assets reached 3.05 billion yuan, with overseas assets accounting for 49.33% of total assets, amounting to approximately 1.51 billion yuan[37]. - The construction in progress decreased by 89.25% to 17.38 million yuan, mainly due to the completion of the Zhoushan tuna processing base project[36]. - Contract liabilities increased by 82.46% to 126.00 million yuan, primarily due to an increase in pre-received product sales[36]. - The company completed over 50% of the construction of a new processing plant in Spain, aimed at expanding its market presence[30]. - The company sold the "Kaiyu" vessel to Mintay DV Co., Ltd. for $24.5 million, receiving $6 million and $15 million in two installments[67]. Financial Stability - The company’s total liabilities decreased by 81.54% for current liabilities due to the repayment of long-term loans[36]. - The company’s long-term liabilities increased to CNY 494,097,182.36 from CNY 260,298,450.97, indicating a significant rise of approximately 89.6%[83]. - The total liabilities reached CNY 1,053,534,104.23, up from CNY 900,747,927.32, indicating an increase of approximately 17%[83]. - The company reported a significant increase in investment income, with asset disposal gains of CNY 133,678,653.56 compared to a loss of CNY 5,128.73 in the previous year[90]. - The company’s financial expenses decreased to CNY 2,339,597.95 from CNY 6,429,696.28, reflecting a reduction of 63.6%[90]. Risk Management - The company faces risks related to fluctuations in performance due to factors such as climate, fishing resources, and fuel costs, which could significantly impact profitability[44]. - The company has identified risks associated with market expansion, particularly in the tuna processing and sales sectors, where it lacks experience[45]. - The company is exposed to foreign exchange risks due to its operations involving foreign currency transactions[45]. - The company is actively exploring domestic and international markets to mitigate risks associated with policy changes in the distant water fishery sector[44]. Corporate Governance - The company did not implement any profit distribution or capital reserve transfer to increase share capital for the first half of 2021[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has no major guarantees or overdue guarantees during the reporting period, with total guarantees amounting to RMB 2,400 million, representing 7.74% of the company's net assets[65]. - The company reported no significant litigation or arbitration matters during the reporting period[57]. - The company has no major related party transactions that were not disclosed in temporary announcements[61]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations for the next 12 months[126]. - The accounting policies comply with the latest enterprise accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status and operating results[127]. - The company uses RMB as the functional currency for its domestic subsidiaries and USD for its overseas subsidiaries, ensuring proper currency management[130]. - The company recognizes revenue when control of the goods is transferred to the customer, indicating that the customer has the right to use and obtain almost all economic benefits from the goods[190]. - The company applies a straight-line method for recognizing rental income during the lease term[197].

Financial Performance - Operating revenue for the period was CNY 380,909,652.22, representing a 2.92% increase year-on-year[7] - Net profit attributable to shareholders was CNY 8,360,101.51, a significant recovery from a loss of CNY 18,775,591.48 in the same period last year[7] - The company reported a significant decrease of 76.10% in accounts receivable, totaling CNY 1,729,550.89, due to the recovery of receivables from ALBO[13] - The company reported a significant decrease in financial expenses by 52.29%, amounting to ¥2,990,806.36, attributed to increased foreign exchange gains[20] - Other income surged by 300.06% year-on-year to ¥1,920,498.25, mainly due to increased pandemic subsidies from FCS[20] - Total operating revenue for Q1 2021 was CNY 380,909,652.22, a 2.2% increase from CNY 370,099,351.31 in Q1 2020[28] - Total operating costs decreased to CNY 368,102,121.44, down 4.1% from CNY 383,941,296.17 in the same period last year[28] - Operating profit for Q1 2021 was CNY 15,063,757.12, compared to an operating loss of CNY 17,757,834.49 in Q1 2020[28] - Net profit for Q1 2021 reached CNY 12,020,955.86, a significant recovery from a net loss of CNY 20,208,954.89 in Q1 2020[29] - The net profit attributable to shareholders of the parent company was CNY 8,360,101.51, compared to a loss of CNY 18,775,591.48 in the previous year[29] - Comprehensive income for Q1 2021 totaled CNY 143,651.39, recovering from a loss of CNY 15,709,949.84 in Q1 2020[29] - Basic and diluted earnings per share for Q1 2021 were CNY 0.03, compared to a loss of CNY 0.08 per share in Q1 2020[29] - The company reported a decrease in financial expenses to CNY 2,990,806.36 from CNY 6,268,592.44 in the previous year[28] - The company experienced an asset impairment loss of CNY 21,172.09, a significant improvement from a loss of CNY -4,395,944.25 in Q1 2020[28] Cash Flow - Net cash flow from operating activities surged by 343.21% to CNY 60,172,005.20 compared to the previous year[7] - The total cash inflow from operating activities in Q1 2021 was CNY 461,660,947.57, slightly down from CNY 466,756,890.91 in Q1 2020, indicating a decrease of about 1%[32] - The cash outflow for operating activities in Q1 2021 was CNY 401,488,942.37, compared to CNY 453,180,633.65 in Q1 2020, showing a reduction of approximately 11%[32] - The net cash flow from investment activities in Q1 2021 was CNY 44,819,342.82, a recovery from a negative cash flow of CNY 83,944,366.06 in Q1 2020[33] - The cash inflow from investment activities in Q1 2021 was CNY 97,913,164.00, a substantial increase from CNY 1,368,547.00 in Q1 2020, reflecting a growth of over 7,000%[33] - The cash outflow for investment activities in Q1 2021 was CNY 53,093,821.18, down from CNY 85,312,913.06 in Q1 2020, indicating a decrease of approximately 38%[33] - The net cash flow from financing activities in Q1 2021 was negative CNY 160,756,655.18, worsening from negative CNY 8,890,197.91 in Q1 2020[33] - The company's cash and cash equivalents at the end of Q1 2021 totaled CNY 698,473,153.65, compared to CNY 601,397,016.38 at the end of Q1 2020, representing an increase of about 16%[33] - The company reported a decrease in cash flow from operating activities for the parent company, with a net cash flow of negative CNY 93,945.94 in Q1 2021, compared to negative CNY 203,042.06 in Q1 2020[35] - The parent company's cash and cash equivalents at the end of Q1 2021 were CNY 4,761,686.12, up from CNY 4,505,518.47 at the end of Q1 2020, reflecting an increase of approximately 6%[35] Assets and Liabilities - Total assets increased by 6.94% to CNY 3,010,765,742.96 compared to the end of the previous year[7] - The company recognized a new asset for the right-of-use of leased vessels amounting to CNY 247,803,795.33 under new leasing standards[13] - Total liabilities rose to ¥1,098,001,262.76 from ¥900,747,927.32, representing an increase of approximately 22%[23] - Current liabilities decreased to ¥582,232,776.97 from ¥640,449,476.35, showing a reduction of about 9.1%[22] - The company’s total current assets as of March 31, 2021, were ¥1,401,533,776.49, a slight decrease from ¥1,433,154,763.41 at the end of 2020[20] - The company’s inventory increased to ¥486,964,558.01, up from ¥446,866,497.77 at the end of 2020, indicating a 8.96% rise[20] - Non-current assets totaled ¥1,609,231,966.47, up from ¥1,382,255,662.06, indicating an increase of about 16.4%[22] - The company’s total liabilities and equity amounted to ¥3,010,765,742.96, consistent with total assets[23] - Total assets increased from CNY 2,815,410,425.47 to CNY 3,066,332,964.73, reflecting an adjustment of CNY 250,922,539.26[38] - Current assets totaled CNY 1,433,154,763.41, with cash and cash equivalents at CNY 757,520,487.07 and accounts receivable at CNY 128,148,480.70[37] - Non-current assets rose to CNY 1,633,178,201.32, primarily due to the addition of right-of-use assets valued at CNY 250,922,539.26[39] - Total liabilities increased from CNY 900,747,927.32 to CNY 1,151,670,466.58, with current liabilities remaining at CNY 640,449,476.35[39] - Shareholders' equity remained stable at CNY 1,914,662,498.15, with retained earnings at CNY 746,161,651.79[39] - The company has CNY 1,731,828,824.18 in long-term equity investments, reflecting a strong investment position[42] - The company’s total liabilities to equity ratio stands at approximately 0.60, suggesting a balanced capital structure[39] - The company has a deferred tax asset of CNY 1,564,718.43, which may provide future tax benefits[38] Shareholder Information - The number of shareholders reached 15,116, with the top ten shareholders holding a combined 42.26% of shares[10] - The total equity attributable to shareholders was ¥1,875,926,120.97, a slight decrease from ¥1,879,796,333.34[23] - The company reported a decrease in other comprehensive income from ¥20,450,297.97 to ¥8,219,984.09[23] - The company did not apply new leasing standards retroactively[43] - There were no adjustments to prior comparative data[43] - The audit report was not applicable for this period[43] - The company reported no preferred shares or perpetual bonds in the equity section[43] - Long-term borrowings and other non-current liabilities were not detailed in the report[43]

Financial Performance - The company's total revenue for 2020 was CNY 1,968,952,164.37, a decrease of 10.99% compared to CNY 2,212,094,888.87 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 141,203,931.78, down 17.56% from CNY 171,284,637.12 in 2019[20] - Basic earnings per share for 2020 were CNY 0.59, a decrease of 16.90% from CNY 0.71 in 2019[21] - The weighted average return on equity decreased by 2.28 percentage points to 7.74% in 2020, down from 10.02% in 2019[21] - Total operating revenue for the reporting period was 1.97 billion yuan, a decrease of 10.99% year-on-year, while total operating costs were 1.79 billion yuan, a decrease of 14.88% year-on-year[39] - The net profit attributable to shareholders was 141 million yuan, a decrease of 30.08 million yuan year-on-year, while the net profit after deducting non-recurring gains and losses was 135 million yuan, an increase of 85.85 million yuan year-on-year[39] - The company reported a net profit of CNY 47,653,105.86 for the year 2020, with a retained profit at the beginning of the year of CNY 51,832,525.71[77] - The company reported a decrease in cash outflows related to operating activities, which improved from 5,913,107.83 in 2019 to 5,040,341.51 in 2020[187] Cash Flow and Assets - The net cash flow from operating activities increased by 67.59% to CNY 326,321,656.49 in 2020, compared to CNY 194,717,457.68 in 2019[20] - The total assets at the end of 2020 were CNY 2,815,410,425.47, reflecting a 9.37% increase from CNY 2,574,235,278.02 at the end of 2019[20] - The net assets attributable to shareholders increased by 5.79% to CNY 1,879,796,333.34 at the end of 2020, compared to CNY 1,776,898,161.29 at the end of 2019[20] - The company's total assets included CNY 18.03 million in held-for-sale assets, reflecting a 100% increase due to the disposal of the "Kaiyu" vessel[55] - The company's cash outflow from investment activities increased by CNY 18.27 million to CNY 185.30 million, mainly due to higher cash payments for fixed asset construction[53] - Cash and cash equivalents rose to CNY 757,520,487.07, compared to CNY 679,935,250.06 in 2019, representing an increase of about 11.4%[168] Operational Efficiency - The company experienced a significant increase in cash flow from operating activities in Q4 2020, reaching ¥212.7 million, compared to a negative cash flow of ¥62.3 million in Q3[22] - The company’s cash flow from operating activities showed a positive trend, with a total of ¥212.7 million in Q4, indicating improved operational efficiency[22] - The company aims to strengthen its integrated industry structure, combining marine fishing, food processing, and trade to enhance overall operational synergy[32] - The company has implemented a sales strategy adjustment to increase market penetration through a small-scale shelving sales model[37] Market Presence and Strategy - The company’s tuna fishing fleet is a leader in the national market, focusing on catching skipjack and yellowfin tuna, with operations primarily in the Central and Western Pacific[27] - ALBO, the company’s canned food brand, is the third largest in Spain and is expanding its market presence in China through online platforms like Tmall and JD[28] - The company plans to enhance its international competitiveness in tuna fishing and expand its overseas operations, particularly in the Antarctic marine resource development[29] - The company is actively addressing challenges posed by the pandemic to improve operational efficiency and increase single-vessel output[70] - The company is expanding its marketing efforts to enhance brand recognition both domestically and internationally, leveraging existing sales networks[70] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 1.80 per 10 shares, totaling CNY 43,368,580.62, based on a total share capital of 240,936,559 shares as of December 31, 2020[5] - The company has complied with the profit distribution decision-making procedures as per its articles of association[77] - The company has a diverse board with members having extensive backgrounds in various sectors, including finance, law, and marine resources[126] - The company has maintained a consistent leadership structure with key positions held by experienced individuals since 2017[126] - The company held three shareholder meetings during the reporting period, ensuring all procedures were legally valid and protecting the rights of all shareholders[140] Risks and Challenges - The company faces risks related to fluctuations in national policies supporting the distant water fishery industry, which could impact operational stability[72] - The company is focused on integrating newly acquired businesses to enhance profitability and mitigate management risks associated with expansion[73] Compliance and Audit - The company has retained Tianzhi International Accounting Firm for the audit, with total audit fees of CNY 1.25 million for the year 2020[86] - The company maintained effective internal control over financial reporting as of December 31, 2020, according to the internal control audit report[150] - No insider trading was reported prior to the disclosure of significant sensitive information during the reporting period[142] Social Responsibility - The company has committed to providing annual poverty alleviation funds of RMB 100,000 to the Yuyuan Village from 2019 to 2022[100][104] - In 2020, the company supported poverty alleviation efforts in Yuyuan Village with a total of RMB 100,000, focusing on environmental management and maintenance of agricultural water channels[101]

2020 年第三季度报告 公司代码：600097 公司简称：开创国际 上海开创国际海洋资源股份有限公司 2020 年第三季度报告 1 / 25 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2020 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 非经常性损益项目和金额 √适用 □不适用 3 / 25 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末 增减(%) 总资产 2,528,481,484.42 2,574,235,278.02 -1.78 归属于上市公司股东的净资产 1,847,944,839.63 1,776,898,161.29 4.00 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金流量净额 113,658,331.19 209,718,977.09 -45.80 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减（% ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,008,227,462.91, a decrease of 4.20% compared to CNY 1,052,468,553.73 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 10,896,538.76, an increase of 25.53% from CNY 8,680,107.37 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 15,076,027.45, representing an 86.46% increase compared to CNY 8,085,542.53 last year[19]. - The company reported a net cash flow from operating activities of CNY 175,924,878.59, a decrease of 8.52% from CNY 192,317,228.89 in the previous year[19]. - The net profit for the first half of 2020 was CNY 15,159,756.57, a decrease of 26.5% compared to CNY 20,681,628.95 in the same period of 2019[87]. - The total profit for the first half of 2020 was CNY 20,712,573.29, down 33.5% from CNY 31,165,618.38 in the first half of 2019[87]. - The operating profit for the first half of 2020 was CNY 25,965,511.26, a decline of 18.3% from CNY 31,758,479.82 in the previous year[87]. - The total comprehensive income for the first half of 2020 was CNY 27,651,906.83, an increase of 31.5% from CNY 21,017,093.79 in the same period of 2019[87]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,635,238,494.37, an increase of 2.37% from CNY 2,574,235,278.02 at the end of the previous year[19]. - The company's fixed assets decreased by 40.41 million yuan due to depreciation and asset write-offs[26]. - The company's total liabilities reached RMB 818,439,556.50, up from RMB 757,088,534.65 at the end of 2019, indicating an increase of about 8.06%[79]. - The company's total equity decreased from CNY 1,848,840,359.69 at the end of 2019 to CNY 1,828,661,237.04, reflecting a decline of approximately 1.1%[84]. - The company’s total liabilities as of June 30, 2020, were CNY 1,209,177.93, down from CNY 2,194,104.80 at the end of 2019, indicating a significant reduction in financial obligations[83]. Investments and Capital Expenditures - The company’s investment activities generated a net cash outflow of 102.77 million yuan, indicating increased investment in construction projects[33]. - The company plans to invest 160 million RMB in building a tuna net boat, with 40% funded by its own capital and 60% through bank loans[58]. - The construction of the Zhoushan tuna processing base has been delayed due to the pandemic, with the completion date extended to January 31, 2021[59]. - The company has ongoing investments in construction projects, with "in-progress construction" valued at RMB 220,869,094.49, up from RMB 112,460,714.49[78]. Sales and Market Performance - The company faced challenges in sales due to the pandemic, with most fish products sold domestically and some processed into fillets for overseas sales[23]. - The company’s sales of canned tuna and sardines improved in visibility, with a ranking increase of 5 positions on Tmall compared to last year[30]. - The company is expanding its international sales channels, with key export markets including Switzerland, Australia, and Morocco[24]. - The company is focusing on the "Belt and Road" initiative and aims to enhance its global competitiveness in the fishing industry[25]. Operational Risks and Challenges - The company faces significant operational risks due to potential changes in national policies supporting distant-water fishing, which could impact its profitability and sustainability[41]. - The ongoing global pandemic poses risks to production and logistics, potentially affecting cash flow and economic performance[43]. - The integration of newly acquired businesses and projects poses risks; if management cannot keep pace with expansion, it may negatively impact profitability and market competitiveness[42]. Shareholder Information - The total number of ordinary shareholders reached 12,721 by the end of the reporting period[64]. - The top ten shareholders collectively hold 42.26% of the shares, with Shanghai Ocean Fishery Co., Ltd. holding 101,811,538 shares[66]. - Dalian Longtai plans to reduce its holdings by up to 12,067,731 shares, which is 5.00% of the total equity, within six months from October 22, 2019[67]. Accounting and Financial Reporting - The company has appointed Tianzhi International Accounting Firm for the 2020 audit, with total audit fees of RMB 1.25 million[48]. - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[115]. - The financial statements are prepared based on the assumption of ongoing operations, reflecting the company's financial position and cash flows accurately[112][115]. - The company implemented the new revenue recognition standard starting January 1, 2020, resulting in an adjustment of contract liabilities by CNY 2,555,235.64[185]. Employee and Compensation Information - The company’s long-term employee compensation payable increased by 1,232.83% year-on-year, mainly due to employee placement costs from subsidiary asset disposals[34]. - Short-term employee compensation is recognized as a liability and included in the current period's profit and loss[166]. Miscellaneous - The company has signed a poverty alleviation agreement with a village in Shanghai, committing to support local development until December 2022[55]. - The company has no overdue guarantees and has not provided guarantees for shareholders or related parties[54].

Financial Performance - Net profit attributable to shareholders was CNY -18,775,591.48, an improvement from CNY -24,705,386.06 in the same period last year[6] - Operating revenue decreased by 3.35% to CNY 370,099,351.31 compared to CNY 382,924,741.13 in the previous year[6] - The weighted average return on net assets improved by 0.46 percentage points to -1.05%[6] - Total operating revenue for Q1 2020 was ¥370,099,351.31, a decrease of 3.8% compared to ¥382,924,741.13 in Q1 2019[21] - Net profit for Q1 2020 was -¥20,208,954.89, an improvement from -¥22,063,520.19 in Q1 2019[22] - The comprehensive income total for Q1 2020 was -¥15,709,949.84, compared to -¥42,300,818.71 in Q1 2019[22] - The basic and diluted earnings per share for Q1 2020 were both -¥0.08, an improvement from -¥0.10 in Q1 2019[22] - The company reported a net operating loss of -¥17,757,834.49 for Q1 2020, compared to -¥18,888,786.10 in Q1 2019[21] - The company’s total comprehensive income for Q1 2020 was -528,200.58 RMB, which is a decline from -379,910.48 RMB in Q1 2019, reflecting a decrease of approximately 39.1%[24] Assets and Liabilities - Total assets increased by 3.06% to CNY 2,653,076,790.13 compared to the end of the previous year[6] - Total liabilities rose to CNY 854,960,119.16 from CNY 757,088,534.65, reflecting an increase of 12.9%[16] - Total assets as of March 31, 2020, amounted to CNY 2,653,076,790.13, an increase from CNY 2,574,235,278.02 as of December 31, 2019[16] - Total liabilities as of March 31, 2020, were ¥2,525,104.82, an increase from ¥2,194,104.80 as of December 31, 2019[19] - Total equity as of March 31, 2020, was ¥1,848,312,159.11, slightly down from ¥1,848,840,359.69 as of December 31, 2019[19] - Total liabilities were reported at $2,194,104.80, indicating a manageable level of short-term obligations[38] - The total liabilities and shareholders' equity combined also equaled $1,851,034,464.49, confirming the balance sheet's integrity[38] Cash Flow - Net cash flow from operating activities decreased by 7.73% to CNY 13,576,257.26 compared to CNY 14,713,311.38 in the same period last year[6] - The company reported a net cash outflow from investing activities of CNY -83,944,366.06, compared to CNY -53,024,625.93 in the previous year[14] - The company experienced a net cash outflow from investing activities of -83,944,366.06 RMB in Q1 2020, compared to -53,024,625.93 RMB in Q1 2019, reflecting a worsening of 58.5%[27] - The net cash flow from operating activities decreased to 13,576,257.26 RMB in Q1 2020 from 14,713,311.38 RMB in Q1 2019, a decline of approximately 7.7%[26] - The total cash outflow from financing activities was -14,110,534.41 RMB in Q1 2020, compared to -3,420,875.54 RMB in Q1 2019, indicating a significant increase in cash outflow[27] Shareholder Information - The number of shareholders reached 13,822, with the top ten shareholders holding a total of 34,944,360 shares, accounting for 14.50% of the total share capital[9] - The largest shareholder, Shanghai Ocean Fishery Co., Ltd., holds 42.26% of the shares[9] - The total equity attributable to shareholders decreased to CNY 1,762,740,129.63 from CNY 1,776,898,161.29, a decline of 0.8%[16] - The company has a solid equity position with a paid-in capital of $240,936,559.00, enhancing its financial flexibility[38] Inventory and Receivables - The company reported a significant increase of 41.18% in notes receivable, totaling CNY 5,831,889.91[12] - Accounts receivable increased significantly to CNY 173,682,579.84, up from CNY 117,941,921.07, marking a growth of 47.4%[14] - The company’s inventory increased to CNY 482,758,189.79 from CNY 451,172,556.34, reflecting a growth of 7%[14] - The company reported accounts receivable of 117,941,921.07 in Q1 2020, indicating stable collection performance[32] - The inventory level stood at 451,172,556.34 in Q1 2020, reflecting consistent stock management[32] Financial Adjustments and Standards - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[30] - The company has not yet adopted the new revenue and lease standards, indicating potential future adjustments in financial reporting[38] - There were no significant changes in the company's debt structure, maintaining stability in long-term financing[38] - The company did not report any adjustments related to prior periods, suggesting consistency in financial practices[38]

Financial Performance - In 2019, the company achieved a total revenue of ¥2,212,094,888.87, representing a year-on-year increase of 15.82% compared to ¥1,909,976,199.73 in 2018[20] - The net profit attributable to shareholders for 2019 was ¥171,284,637.12, which is a 22.07% increase from ¥140,318,845.73 in 2018[20] - The basic earnings per share for 2019 was ¥0.71, up 22.41% from ¥0.58 in 2018[20] - The total revenue for the company was 2.21 billion RMB, representing a year-on-year increase of 15.82%, while total operating costs rose by 21.32% to 2.10 billion RMB[36] - The net profit attributable to the parent company was 171 million RMB, an increase of 30.97 million RMB compared to the previous year, primarily due to increased asset disposal gains[36] - The gross profit margin for the marine fishing segment was 31.63%, a decrease of 3.74 percentage points year-on-year[40] - The company reported a total sales volume of 107,413.70 tons of tuna, generating revenue of approximately RMB 852.90 million, with a year-on-year sales volume increase of 34.56%[61] - The sales revenue from canned food reached approximately RMB 745.07 million, with a year-on-year increase of 2.33%[61] Assets and Liabilities - The total assets at the end of 2019 were ¥2,574,235,278.02, reflecting an 11.60% increase from ¥2,306,723,053.71 at the end of 2018[20] - The company's net assets attributable to shareholders increased by 8.13% to ¥1,776,898,161.29 at the end of 2019, compared to ¥1,643,356,796.74 at the end of 2018[20] - The total liabilities rose to ¥757,088,534.65 in 2019, compared to ¥641,365,439.16 in 2018, indicating an increase of about 18.1%[168] - The total current liabilities increased to ¥364,293,849.41 in 2019 from ¥283,644,337.96 in 2018, reflecting a growth of approximately 28.5%[167] Cash Flow - The company reported a net cash flow from operating activities of ¥194,717,457.68, a slight increase of 2.22% from ¥190,497,570.48 in 2018[20] - The company’s cash flow from financing activities showed a net outflow of 4,823,000 yuan, a change from a net inflow of 28,598,000 yuan in the previous year[48] - The net cash flow from operating activities was -3,421,501.89, a decrease from -2,588,873.46 in the previous year, indicating a decline of approximately 32.2%[183] Market Presence and Operations - The company’s main business involves deep-sea fishing and food processing, with a focus on tuna and other marine resources, exporting products to Europe, North America, Africa, and Southeast Asia[26] - The company has established a strong presence in the Spanish canned food market through its subsidiary ALBO, which is the third-largest canned food brand in Spain[27] - ALBO has expanded its market reach into China, with products available on platforms like Tmall and JD, and in supermarkets in major cities[29] - The company’s overseas sales accounted for 48% of total revenue, amounting to 1.04 billion RMB, while domestic sales made up 52%[38] Strategic Initiatives - The company aims to enhance its competitive edge by integrating its fishing, processing, and trading operations, supported by government recognition of its alignment with national marine strategies[31] - The company plans to leverage its overseas resources and partnerships to drive growth and expand its market presence[32] - The company is actively promoting a diversified development strategy from single fishing to a comprehensive industrial chain, supported by government policies[53] - The company is focusing on optimizing its industrial structure and extending its industrial chain to improve performance stability and profitability[54] Risks and Challenges - The company has acknowledged potential industry and operational risks in its report, advising investors to review the risk factors and countermeasures discussed in the management analysis section[7] - The company is facing challenges in the upstream fishing quota management, which is increasing in value and constraining development space[56] - The company recognizes the need to improve its cold chain transportation capabilities, as domestic technology is currently insufficient[57] - The company faces risks related to fluctuations in national policies supporting distant-water fishing, which could significantly impact operational and profitability capabilities[75] Governance and Compliance - The company’s management team is experienced and adheres to regulatory compliance, contributing to its strong reputation in the industry[32] - The company strictly adheres to corporate governance regulations, ensuring the independence of the board and compliance with legal requirements[139] - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[133] Shareholder Information - The company plans to distribute a cash dividend of ¥0.80 per 10 shares, totaling ¥19,274,924.72, based on the total share capital of 240,936,559 shares as of December 31, 2019[5] - The total number of ordinary shareholders at the end of the reporting period was 13,685, a decrease from 13,822 at the end of the previous month[111] - Shanghai Ocean Fishery Co., Ltd. holds 42.26% of the shares, totaling 101,811,538 shares, with 14,663,526 shares subject to restrictions[113] Future Outlook - The company aims to achieve an annual revenue of 2.3 billion RMB and a net profit of 140 million RMB for the year[73] - Future outlook indicates a projected revenue growth of 15% year-over-year, driven by new product launches and technological advancements in marine resources[127] - The company plans to introduce three new product lines in the next fiscal year, targeting both domestic and international markets[128]

Financial Performance - Operating revenue rose by 17.52% to CNY 1,677,462,217.50 year-on-year[5] - Net profit attributable to shareholders decreased by 17.19% to CNY 101,444,116.55 compared to the same period last year[5] - Net cash flow from operating activities declined by 24.74% to CNY 209,718,977.09 year-to-date[5] - The weighted average return on equity decreased by 1.74 percentage points to 6.04%[5] - Total operating revenue for Q3 2019 reached ¥624,993,663.77, an increase of 27% compared to ¥492,012,050.84 in Q3 2018[26] - Net profit for the first three quarters of 2019 was ¥140,723,441.47, compared to ¥151,810,499.16 in the same period of 2018, indicating a decrease of approximately 7%[26] - The total profit for Q3 2019 was CNY 97,727,044.54, compared to CNY 112,219,453.05 in Q3 2018, indicating a decrease of about 12.9%[27] - The company's operating profit for Q3 2019 was CNY 97,841,537.93, down from CNY 111,543,273.30 in Q3 2018, reflecting a decline of approximately 12.3%[27] - The total comprehensive income for Q3 2019 was CNY 105,463,096.98, compared to CNY 135,631,003.73 in Q3 2018, a decline of approximately 22.2%[29] - The net profit attributable to the parent company for Q3 2019 was CNY 92,764,009.18, down from CNY 104,927,341.94 in Q3 2018, a decrease of about 11.6%[28] - The total profit for the first three quarters of 2019 was CNY 128,892,662.92, compared to CNY 139,390,883.62 in the same period of 2018, reflecting a decrease of approximately 7.5%[27] Assets and Liabilities - Total assets increased by 10.07% to CNY 2,539,118,602.68 compared to the end of the previous year[5] - Total assets as of September 30, 2019, amounted to ¥1,801,363,840.45, down from ¥1,847,612,909.15 at the end of 2018, a decline of about 2.5%[23] - Total liabilities increased to ¥777,478,150.17 from ¥641,365,439.16, representing a rise of approximately 21%[19] - Shareholders' equity rose to ¥1,761,640,452.51 from ¥1,665,357,614.55, marking an increase of about 5.8%[19] - Current liabilities totaled CNY 283,644,337.96, with accounts payable at CNY 182,723,455.22 and employee compensation payable at CNY 30,761,612.58[42] - Non-current liabilities reached CNY 357,721,101.20, primarily driven by long-term payables of CNY 331,492,560.00[43] - The total liabilities and shareholders' equity matched the total assets at CNY 2,306,723,053.71, ensuring balance sheet integrity[43] Cash Flow - The net cash inflow from operating activities for the first three quarters of 2019 was CNY 209,718,977.09, a decrease of 24.8% compared to CNY 278,661,462.34 in the same period of 2018[36] - The total cash inflow from investment activities was CNY 421,483.37, significantly lower than CNY 3,865,563.37 in the previous year, resulting in a net cash outflow of CNY 131,951,733.22 for investment activities[37] - The cash inflow from financing activities amounted to CNY 50,057,737.00, while the cash outflow was CNY 90,271,000.39, leading to a net cash outflow of CNY 40,213,263.39 in financing activities[37] - The cash and cash equivalents at the end of Q3 2019 were CNY 575,923,941.71, down from CNY 722,941,205.95 at the end of Q3 2018[37] - The total cash outflow for operating activities was CNY 1,598,146,969.31, compared to CNY 1,315,098,358.36 in the previous year, reflecting a 21.5% increase[36] Shareholder Information - The number of shareholders reached 13,470 by the end of the reporting period[9] - The top shareholder, Shanghai Ocean Fishery Co., Ltd., holds 42.26% of the shares[9] Government Subsidies - The company received government subsidies totaling CNY 1,606,434.80 year-to-date, contributing positively to financial performance[7] - The company received government subsidies of ¥66,809,700, which will positively impact the 2019 profit[14] Future Outlook and Strategy - The company has not disclosed specific future outlook or guidance in the provided documents, indicating a potential area for further clarification in future communications[32] - There is no mention of new product development or market expansion strategies in the current reports, suggesting a focus on financial restructuring and cost management[32] - The company continues to face challenges in profitability, as indicated by the consistent net losses over the reported periods, necessitating strategic adjustments moving forward[33]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,052,468,553.73, representing a 12.52% increase compared to CNY 935,369,670.15 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2019 was CNY 8,680,107.37, a decrease of 50.62% from CNY 17,576,798.67 in the previous year[18]. - The net cash flow from operating activities increased by 46.88% to CNY 192,317,228.89, compared to CNY 130,937,697.40 in the same period last year[18]. - The basic earnings per share for the first half of 2019 was CNY 0.04, down 42.86% from CNY 0.07 in the same period last year[19]. - The company achieved a total catch of 75,467 tons during the reporting period, an increase of 16,749 tons year-on-year[28]. - Revenue for the period reached 1,052,468,553.73 CNY, representing a year-on-year increase of 12.52%[32]. - The company’s sales volume for ALBO canned products increased to 398 million CNY, up by 0.45 million CNY compared to the previous year[29]. - The company’s sales expenses increased by 12.70% to 244,574,534.82 CNY due to higher transportation costs[32]. - The company’s total investment in FCS Co. is CAD 7.7 million, with total assets reported at CNY 49.66 million and a net profit of CNY 1.63 million as of June 30, 2019[41]. - The company reported a significant increase in accounts payable, which rose to RMB 248,158,078.70 from RMB 182,723,455.22, an increase of approximately 36%[81]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,490,883,734.90, reflecting a 7.98% increase from CNY 2,306,723,053.71 at the end of the previous year[18]. - The company’s foreign assets accounted for 59.18% of total assets, amounting to 1,474,128,577.28 CNY[25]. - The company’s fixed assets decreased by 28,197,400 CNY due to depreciation and consolidation of FCS[25]. - The company’s total current assets reached RMB 1,275,364,495.06, up from RMB 1,124,289,553.56 at the end of 2018, indicating an increase of about 13.4%[80]. - Total liabilities increased to RMB 834,799,660.42 from RMB 641,365,439.16, representing a growth of around 30%[82]. - The company's equity attributable to shareholders decreased to RMB 1,608,677,708.84 from RMB 1,643,356,796.74, a decline of about 2.1%[82]. - The total equity at the end of the reporting period is CNY 1,800,056,351.33, a decrease of CNY 44,416,453.05 compared to the previous period[104]. Investments and Acquisitions - The company completed the acquisition of 70% of French Creek Seafood Ltd. for CAD 7.7 million on January 31, 2019, with plans to acquire the remaining 30% within five years[37]. - The company holds 100% ownership in Shanghai Kaichuang Ocean Fishing Co., with a registered capital of CNY 410 million and an actual investment of CNY 1,731.83 million as of the reporting period[35]. - The company plans to invest CNY 160 million to build a tuna purse seine vessel, with funding sourced from 40% self-owned funds and 60% bank loans[45]. Operational Risks - The company has detailed potential industry and operational risks in its report, advising investors to be cautious[6]. - The company faces risks related to changes in national policies supporting the distant water fishing industry, which could significantly impact its operational and profitability capabilities[42]. - The company faces significant operational risks due to the volatility in the fishing industry, influenced by climate, fishing policies, and market conditions[43]. - Integration risks exist from acquisitions and new projects, which may affect profitability if management cannot keep pace with expansion[43]. - The company is expanding its tuna industry chain but lacks experience in market development and sales channel construction, posing market expansion risks[44]. Community Engagement - The company will provide annual assistance of RMB 100,000 to the villagers of Yuanyi Village from January 2019 to December 2022 as part of its poverty alleviation efforts[61]. - The company is actively engaging in community support through various initiatives, including agricultural infrastructure maintenance and environmental improvement projects[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,681[68]. - The top ten shareholders held a total of 42.26% of the shares, with Shanghai Ocean Fishery Co., Ltd. holding 101,811,538 shares[69]. - The company plans to reduce shares held by major shareholder Dalian Longtai Venture Investment Co., Ltd. by up to 13,267,731 shares, or 5.50% of the total share capital[70]. Accounting and Financial Reporting - The company operates under the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[114]. - The company confirmed that there were no changes in significant accounting policies or estimates during the reporting period[188]. - The company’s tax rate for corporate income tax is 25%, with certain income from deep-sea fishing exempt from corporate income tax[196]. - The company applies a straight-line method for amortizing intangible assets with a finite useful life, while those with indefinite useful lives are not amortized[166]. Cash Flow and Dividends - The company distributed a cash dividend of CNY 0.18 per share, totaling CNY 43,368,580.62, based on a total share capital of 240,936,559 shares[47]. - The company received a government subsidy of CNY 66,809,700, which is expected to positively impact the 2019 financial results[47]. - The company paid out ¥52,545,830.96 in dividends and interest, which is an increase of 242.5% compared to ¥15,356,921.66 in the same period of 2018[96].