Financial Performance - The company's operating revenue for 2022 was RMB 918,164,559.83, representing a 42.26% increase compared to RMB 645,396,707.96 in 2021[21] - The net profit attributable to shareholders of the listed company decreased by 75.44% to RMB 160,238,209.52 from RMB 652,355,859.69 in the previous year[21] - The net profit after deducting non-recurring gains and losses was RMB 131,909,700.80, an increase of 14.12% from RMB 115,586,062.97 in 2021[21] - Basic earnings per share decreased by 75.47% to CNY 0.39 compared to CNY 1.59 in the previous year[22] - Net profit attributable to shareholders decreased by 75.44% due to the absence of non-recurring gains from the previous year[23] - Annual operating revenue reached CNY 918.16 million, representing a 42.26% increase year-on-year, but net profit attributable to shareholders fell by 75.44% to CNY 160.24 million[32] - The total operating revenue for 2022 was CNY 918,164,559.83, an increase of 42.3% compared to CNY 645,396,707.96 in 2021[187] - The total operating costs for 2022 amounted to CNY 693,623,763.52, up 46.1% from CNY 474,838,104.37 in 2021[187] - The net profit for 2022 was CNY 195,052,075.67, a decrease of 69.9% from CNY 648,197,804.10 in 2021[188] Cash Flow and Assets - The cash flow from operating activities net amount was RMB 186,662,904.40, down 25.89% from RMB 251,880,482.48 in 2021[21] - Cash flow from operating activities reached CNY 105,014,729.79 in the fourth quarter, showing a significant increase[25] - The company's total assets decreased by 6.54% to CNY 2,857.33 million, while net assets attributable to shareholders increased by 2.89% to CNY 2,166.13 million[32] - The company's total assets were RMB 2,857,330,340.14, a decrease of 6.54% from RMB 3,057,180,557.88 at the end of 2021[21] - The total cash and cash equivalents at the end of 2022 were $472,228,362.33, compared to $192,605,305.30 at the end of 2021, which is an increase of approximately 145%[199] - The cash flow from operating activities was significantly higher than cash outflows, resulting in a strong net cash position for the company[198] Market and Business Strategy - The company aims to enhance its agricultural wholesale platform and services while extending into upstream and downstream industries[31] - The company is focused on expanding its market presence through strategies of external expansion, mergers, and talent acquisition[30] - The company operates the main agricultural product wholesale market in Wenzhou, serving as a crucial link between producers, operators, and consumers[72] - The company aims to enhance its market position by integrating industry resources and expanding its agricultural wholesale business[72] - The company is developing an online APP platform to enhance O2O business operations, integrating various transaction and management functions[49] - The company is committed to developing a cold chain logistics system to enhance the quality and efficiency of fresh agricultural products[71] Risks and Challenges - The company faces market risks due to potential economic slowdown affecting consumer income and food demand[79] - Increased competition from e-commerce and new business models poses a significant challenge to traditional wholesale markets[79] - The company's reliance on the Wenzhou market creates risks associated with dependence on a single regional market[79] - Operating management fees are a crucial profit source, and a decline in merchant profits could negatively impact these fees[80] Governance and Compliance - The company has held 6 shareholder meetings and 14 board meetings, ensuring compliance with governance regulations[86] - The company maintained independence from its controlling shareholder, with no instances of fund occupation or asset infringement reported[87] - The company strictly complied with information disclosure obligations, with no regulatory penalties for disclosure violations during the reporting period[88] - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, adhering to legal regulations[87] Research and Development - The company launched 13 new software copyrights and 10 patents during the reporting period, bringing the total to 67 software copyrights and invention patents[32] - The company’s research and development expenses were CNY 7.08 million, a decrease of 7.17% compared to the previous year[51] - The company has 27 R&D personnel, accounting for 2.66% of the total workforce[58] Environmental and Social Responsibility - The company invested 14.02 million yuan in environmental protection during the reporting period[123] - The company has established mechanisms for environmental protection compliance and has obtained necessary pollution discharge permits[124] - The company has not published a separate social responsibility or ESG report, but has disclosed relevant information in its annual report[126] Shareholder Information - The largest shareholder, Wenzhou Oriental Group, holds 49.29% of the shares, totaling 202,807,800 shares[154] - The total number of ordinary shareholders at the end of the reporting period is 43,229, an increase from 30,883 at the end of the previous month[152] - The company has not engaged in any cash asset management or entrusted loan activities during the reporting period[147]

2022 年第三季度报告 1 / 13 2022 年第三季度报告 证券代码：600113 证券简称：浙江东日 浙江东日股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 经营活动产生的现金流 | 不适用 | 不适用 | 81,648,174.61 | | -65.82 | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.10 | 7.75 | 0.29 | | 16.00 | | 稀释每股收益（元/股） | 0.10 | 7.75 | 0.29 | | 16.00 | | 加权平均净资产收益率 | 1.89 | 减少 0.60 | 5.65 | 减少 | 1.10 个百 | | （%） | | 个百分点 | | | 分点 本报告期末比 | | | 本报告期末 | | 上年度末 | | 上年度末增减 变动幅度(%) | | 总资产 | 2,835,392,239.51 | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 547,148,869.53, an increase of 85.45% compared to CNY 295,046,018.12 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 79,415,846.80, representing a 24.02% increase from CNY 64,036,002.99 in the previous year[21]. - Basic earnings per share for the first half of 2022 were CNY 0.19, an increase of 18.75% from CNY 0.16 in the same period last year[22]. - The company achieved operating revenue of 54,714.89 million yuan, an increase of 85.45% compared to the same period last year[38]. - Net profit attributable to shareholders reached 7,941.58 million yuan, up 24.02% year-on-year, while the net profit excluding non-recurring gains and losses was 7,530.74 million yuan, increasing by 29.29%[38]. - The profit margin improved, with net profit margin at approximately 19.6% compared to 21.5% in the previous year[101]. - The company reported a total profit of ¥144,518,903.38 for the first half of 2022, up from ¥86,715,712.40 in the same period of 2021[101]. Cash Flow and Assets - The net cash flow from operating activities decreased by 86.02%, amounting to CNY 24,577,099.33 compared to CNY 175,852,927.30 in the same period last year[21]. - The company's cash and cash equivalents decreased from RMB 397.25 million at the beginning of the period to RMB 255.43 million at the end of the period[92]. - Cash flow from operating activities decreased by 86.02% to 24,577,099.33 yuan, primarily due to the previous year's pre-sale funds from the Longyou Baiyi Agricultural Market[46]. - The ending balance of cash and cash equivalents was CNY 254,531,976.06, down from CNY 384,103,132.66 at the end of the first half of 2021[109]. - Total assets decreased from ¥3,057,180,557.88 to ¥2,802,827,116.26, a decline of approximately 8.3%[93]. - The total current assets decreased from RMB 1.64 billion to RMB 1.40 billion[92]. Business Operations and Strategy - The company attributed the increase in operating revenue primarily to the recognition of sales from the Longyou Baiyi Agricultural Market[21]. - The company aims to develop into a professional agricultural product service provider, integrating procurement, processing, inspection, and distribution services, thereby improving supply chain management capabilities[32]. - The company operates agricultural product wholesale markets strategically located near highways, enhancing logistics efficiency and market coverage[33]. - The fresh food delivery business leverages the company's market advantages to provide bulk procurement and delivery services to various institutions, primarily generating profits through product markups[29]. - The company is focused on enhancing market infrastructure, cold chain facilities, and logistics systems to improve agricultural product supply chains in the future[32]. Investments and Acquisitions - The company acquired 100% equity of Wenzhou Xueding Soy Products Co., Ltd., enhancing its capabilities in the agricultural product processing sector and ranking among the top 50 in the national soybean product industry[30]. - The company made a capital increase of 9.45 million RMB in Harbin Dongji Industrial Co., Ltd., raising its registered capital to 127 million RMB[48]. - The company established Wenzhou Ma Pai Fresh Co., Ltd. with a registered capital of 5 million RMB during the reporting period[48]. - The company’s investment in Wenzhou Xueding Tofu Co., Ltd. increased by 15 million RMB, raising its registered capital to 20 million RMB[48]. Market Risks and Challenges - The company faces market risks due to macroeconomic fluctuations and increasing competition from new business models in agricultural product distribution[54]. - Increased competition in the wholesale market poses significant risks to the company's market position and operational advantages[55]. - The reliance on a single regional market creates risks due to the lack of a unified national agricultural product circulation system, which could hinder the establishment of an efficient wholesale network[55]. - The complexity of management has increased with the expansion of operations, necessitating higher standards in market management, talent acquisition, and financial oversight[55]. Governance and Compliance - The company completed the election of its ninth board of directors and supervisory board members, ensuring governance continuity[62]. - The company has complied with environmental regulations, obtaining necessary permits for its operations in the agricultural wholesale market sector[66]. - The company has not disclosed any measures taken to reduce carbon emissions during the reporting period, indicating a potential area for future focus[67]. - The company has committed to ensuring that its subsidiary, Wenzhou Modern Cold Chain Logistics Co., Ltd., does not engage in any competitive business with Zhejiang Dongri and its subsidiaries[72]. Financial Position and Liabilities - The total liabilities decreased from ¥898,926,713.85 to ¥638,229,345.22, a reduction of about 29%[94]. - Current liabilities decreased from ¥750,921,018.79 to ¥492,000,041.10, representing a decrease of approximately 34.4%[93]. - The company’s contract liabilities decreased by 97.73%, from 244,384,633 RMB to 5,536,883.6 RMB, primarily due to the transfer of income from Longyou Baiyi Agricultural Products[47]. - The company has a total guarantee amount of 35,814.40 million RMB, which accounts for 17.01% of the company's net assets[78]. Research and Development - The company reported a significant increase in research and development expenses, which rose by 167.40% to 3,261,411.60 yuan due to increased investments in its subsidiaries in Hangzhou and Xi'an[46]. - Research and development expenses increased to ¥3,261,411.60, compared to ¥1,219,662.61 in the first half of 2021, reflecting a focus on innovation[100]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[130]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[131]. - The company measures expected credit losses for other receivables based on historical credit loss experience and current economic conditions, applying similar aging criteria[149].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 376,636,625.14, representing a year-on-year increase of 175.96%[6] - The net profit attributable to shareholders for the same period was CNY 45,725,163.90, up by 77.51% compared to the previous year[6] - Basic and diluted earnings per share were both CNY 0.11, reflecting an increase of 83.33% year-on-year[7] - The net profit for Q1 2022 was CNY 73,939,601.23, a significant increase from CNY 25,248,748.50 in Q1 2021, representing a growth of approximately 193%[22] - The operating profit for Q1 2022 reached CNY 100,475,455.69, compared to CNY 35,905,153.59 in the same period last year, indicating an increase of about 179%[22] - The total comprehensive income for Q1 2022 was CNY 73,939,601.23, compared to CNY 25,248,748.50 in Q1 2021, marking an increase of about 193%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,896,054,556.90, a decrease of 5.27% from the end of the previous year[7] - The company's current assets as of March 31, 2022, totaled RMB 1,497,533,844.87, down from RMB 1,635,834,680.51 at the end of 2021, reflecting a decrease of approximately 8.5%[17] - Non-current assets amounted to RMB 1,398,520,712.03 as of March 31, 2022, slightly down from RMB 1,421,345,877.37 at the end of 2021, showing a decrease of about 1.6%[18] - Total liabilities as of March 31, 2022, were RMB 666,327,711.64, down from RMB 898,926,713.85 at the end of 2021, indicating a reduction of about 26.0%[19] - Shareholders' equity increased to RMB 2,229,726,845.26 as of March 31, 2022, compared to RMB 2,158,253,844.03 at the end of 2021, reflecting an increase of approximately 3.3%[19] Cash Flow - Cash flow from operating activities showed a net decrease of 94.42%, amounting to CNY 7,085,688.85[6][11] - The cash flow from operating activities for Q1 2022 was CNY 7,085,688.85, a sharp decline from CNY 126,891,738.50 in Q1 2021, indicating a decrease of about 94%[26] - The company reported a net cash outflow from investing activities of CNY 37,109,097.85 in Q1 2022, compared to a net outflow of CNY 45,933,145.03 in Q1 2021[27] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 366,791,094.48, an increase from CNY 329,994,920.28 at the end of Q1 2021[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,589[13] - The top shareholder, Wenzhou Dongfang Group Co., Ltd., held 49.29% of the shares[13] Operational Insights - The company reported a significant increase in pre-receipts of stall fees, which rose by 132.63%[10] - Total operating costs for Q1 2022 were RMB 277,840,761.74, compared to RMB 94,990,383.90 in Q1 2021, indicating an increase of about 192.5%[21] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific profit figures were not disclosed in the provided data[21] - The company has not indicated any significant new product launches or technological advancements in the current report[16] - There are no notable mergers or acquisitions reported during the quarter, and the company has not outlined any new strategic initiatives[16] Investment Performance - The company incurred a financial expense of CNY -1,337,563.87 in Q1 2022, compared to CNY -713,092.21 in Q1 2021, indicating an increase in financial costs[22] - The investment income for Q1 2022 was reported as a loss of CNY -2,828,163.60, compared to a loss of CNY -5,217,205.90 in Q1 2021, showing an improvement in investment performance[22]

Financial Performance - The company's operating revenue for 2021 was CNY 645,396,707.96, representing an increase of 18.64% compared to CNY 543,990,155.20 in 2020[21]. - The net profit attributable to shareholders increased significantly by 1,762.90% to CNY 652,355,859.69 from CNY 35,018,289.36 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 115,586,062.97, up 20.23% from CNY 96,136,652.66 in 2020[21]. - The company's total assets grew by 54.79% to CNY 3,057,180,557.88 compared to CNY 1,975,098,547.74 in 2020[23]. - The net assets attributable to shareholders increased by 41.73% to CNY 2,105,346,588.15 from CNY 1,485,482,550.61 in 2020[23]. - Basic earnings per share rose to CNY 1.59, a substantial increase of 1,666.67% from CNY 0.09 in 2020[22]. - The weighted average return on equity increased to 36.44%, up 34.06 percentage points from 2.38% in 2020[22]. - The net cash flow from operating activities was CNY 251,880,482.48, reflecting a 19.24% increase from CNY 211,246,596.26 in 2020[21]. - The company reported quarterly revenues of CNY 188,206,572.74 in Q4 2021, contributing to the overall annual growth[26]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.40 per 10 shares, totaling RMB 98,743,478.40, which represents 15.14% of the net profit attributable to shareholders[8]. - The total share capital as of December 31, 2021, is 411,431,160 shares[8]. - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of all shareholders, especially minority shareholders[92]. - The total number of common shareholders as of the end of the reporting period is 23,647, a decrease from 33,612 at the end of the previous month[157]. - The largest shareholder, Wenzhou Dongfang Group Co., Ltd., holds 202,807,800 shares, representing 49.29% of the total shares[160]. Corporate Governance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[6]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with relevant laws[94]. - The company has a robust governance structure that aligns with regulatory requirements, ensuring effective checks and balances among its governing bodies[92]. - The board's specialized committees, including the audit and risk management committee, provided professional support for decision-making processes[93]. - The company strictly adhered to information disclosure regulations, with no instances of regulatory criticism or penalties during the reporting period[94]. Risk Management and Future Outlook - The company has detailed the major risks it faces in the management discussion and analysis section of the report[9]. - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[9]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships, promoting smart agricultural wholesale and trade markets[36]. - The company faces market risks due to potential macroeconomic fluctuations that could impact consumer demand for agricultural products[87]. - The company is challenged by increasing competition from new business models such as e-commerce and direct sales, which reduce the role of traditional wholesale markets[88]. Acquisitions and Business Expansion - The company acquired 100% equity of Wenzhou Xueding Bean Products Co., Ltd. for 17.53 million yuan, expanding its business into the agricultural product processing sector[36]. - The company acquired 100% equity of Wenzhou Xueding Tofu Co., Ltd., expanding its business in the agricultural product processing sector[46]. - The company’s vegetable and fruit wholesale market cluster accounted for over 90% of the total supply in Wenzhou city, enhancing its market dominance[48]. - The company aims to enhance its position in the agricultural wholesale market by integrating industry resources and expanding its business network[83]. Research and Development - Research and development expenses surged by 210.64% to CNY 7.63 million, indicating a strong focus on innovation[54]. - The company has obtained over 30 software copyrights and invention patents, enhancing its core competitiveness[34]. - The company employed 27 R&D personnel, with 16 holding bachelor's degrees and 11 holding associate degrees[65]. Financial Position and Assets - The company reported cash and cash equivalents of CNY 397.25 million, representing 12.99% of total assets, an increase of 56.98% compared to the previous year[71]. - Other receivables increased significantly to CNY 844.13 million, accounting for 27.61% of total assets, with a year-on-year increase of 2,100.08% attributed to compensation from the lighting market[71]. - Inventory reached CNY 340.73 million, which is 11.15% of total assets, showing a 46.05% increase due to rising costs in the Longyou Baiyi project[71]. - The company’s fixed assets grew to CNY 270.88 million, accounting for 8.85% of total assets, reflecting an 87.32% increase due to the transfer of construction projects[71]. Compliance and Regulatory Matters - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[136]. - The company has not encountered any violations regarding guarantees during the reporting period[136]. - There are no reported penalties from securities regulatory agencies in the last three years, indicating compliance with regulations[107]. Employee Information - The company reported a total of 993 employees, with 124 in the parent company and 869 in major subsidiaries[118]. - The employee composition includes 747 production staff, 30 sales personnel, 49 technical staff, 50 financial staff, and 117 administrative staff[119].

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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 2021 年第三季度报告 证券代码：600113 证券简称：浙江东日 浙江东日股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 162,144,117.10 | 16.05 | 457,190,135.22 | 31.62 | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥295,046,018.12, representing a 42.10% increase compared to ¥207,628,354.66 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥64,036,002.99, a slight decrease of 1.42% from ¥64,956,405.84 in the previous year[18]. - The net profit after deducting non-recurring gains and losses increased by 49.37% to ¥58,245,237.54 from ¥38,994,926.62 in the same period last year[18]. - The net cash flow from operating activities reached ¥175,852,927.30, a significant increase of 154.96% compared to ¥68,972,955.54 in the previous year[18]. - The total assets of the company at the end of the reporting period were ¥2,234,257,607.80, reflecting a 14.60% increase from ¥1,949,611,624.03 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 3.76% to ¥1,521,461,151.59 from ¥1,466,347,107.80 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.16, unchanged from the same period last year[19]. - The diluted earnings per share also remained at ¥0.16, consistent with the previous year[19]. - The weighted average return on net assets was 4.28%, slightly down from 4.36% in the previous year[19]. - The weighted average return on net assets after deducting non-recurring gains and losses increased to 3.89%, up from 2.62% in the same period last year[19]. Business Operations - The company's main business revenue is composed of three parts: agricultural product wholesale market (46.41%), fresh food delivery (37.16%), and soybean product processing (12.20%) for the first half of 2021[24]. - The company acquired 100% equity of Wenzhou Xueding Soybean Products Co., Ltd., enhancing its capabilities in agricultural product processing and expanding its market presence[27]. - The company's Louqiao market cluster accounts for over 90% of the total supply of vegetables and fruits in Wenzhou, establishing it as a pricing center for agricultural products in the region[31]. - The company has developed a comprehensive management system for agricultural product wholesale market operations, leveraging its extensive experience in the industry[32]. - The company is implementing an online APP platform for agricultural product wholesale markets, aiming to integrate online and offline business operations effectively[33]. - The agricultural product wholesale market plays a crucial role in China's agricultural supply chain, contributing to the commercialization and professionalization of agricultural production[28]. - The company aims to enhance its supply chain management capabilities to solidify its position in the agricultural product service sector[28]. Financial Position - Total assets reached CNY 2,234.26 million, an increase of 14.60% year-on-year[35]. - Net profit attributable to shareholders increased by 49.37% to CNY 58.25 million, excluding non-recurring gains and losses[35]. - Revenue for the period was CNY 295.05 million, up 42.10% compared to the previous year[45]. - The company reported a net cash flow from operating activities of CNY 175.85 million, a significant increase of 154.96%[45]. - The company achieved a 99.84% pass rate in food safety inspections, with 128 out of 78,700 batches failing[40]. - The company’s investment activities generated a net cash outflow of CNY 37.35 million, primarily due to increased project investments[45]. - The company’s management expenses rose by 27.32% to CNY 19.99 million, mainly due to the inclusion of Xueding Bean Products in the consolidated financial statements[46]. Market Risks and Challenges - The company faces market risks due to potential economic fluctuations and increased competition from new business models in agricultural product distribution[55]. - Increased competition in the agricultural wholesale market may pose significant market risks, necessitating the company to maintain its competitive edge[56]. - The company operates five specialized wholesale markets, primarily in the Wenzhou area, which may limit future growth potential due to regional concentration risks[56]. - The company faces risks related to declining market rental and service fees, which could adversely affect its revenue streams[57]. Corporate Governance and Compliance - The company has not distributed any dividends or stock bonuses in the first half of 2021, indicating a focus on reinvestment rather than shareholder returns[61]. - The company has complied with environmental regulations, obtaining necessary permits for its operations, including those for newly acquired entities[64]. - The company has not reported any measures taken to reduce carbon emissions during the reporting period[65]. - The company will not use its controlling position over the listed company to seek preferential treatment for its subsidiaries in business operations[67]. - The group commits to fair and reasonable market pricing principles for unavoidable related transactions, ensuring no harm to the interests of minority shareholders[67]. - The group will take measures to规范 and reduce related transactions with the listed company to protect the interests of minority shareholders[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 26,052[82]. - The largest shareholder, Zhejiang Dongfang Group Company, holds 202,807,800 shares, representing 49.29% of the total shares[84]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[81]. Accounting Policies and Financial Reporting - The financial statements were approved by the board on August 13, 2021, ensuring compliance with regulatory requirements[127]. - The company includes 18 subsidiaries in the consolidated financial statements, including Wenzhou Dongri Gas Co., Wenzhou Yiyou Agricultural Products Market Management Co., and others[128]. - The financial statements are prepared on a going concern basis, with no significant doubts about the company's ability to continue operations for the next 12 months[130]. - The accounting policies comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[130]. - The company applies the equity method for accounting for subsidiaries and joint ventures[135]. Asset Management - The company recognizes impairment losses for non-current assets held for sale when their carrying amount exceeds the fair value less costs to sell[153]. - The company assesses long-term assets for impairment if there are indications of impairment, and goodwill and indefinite-life intangible assets are tested for impairment annually[171]. - The company recognizes long-term deferred expenses that have an amortization period exceeding one year, and these expenses are amortized evenly over the benefit period[172]. Revenue Recognition - Revenue is recognized based on the progress of performance obligations, with specific criteria determining whether revenue is recognized over time or at a point in time[181]. - The company measures revenue based on the transaction price allocated to each performance obligation, excluding amounts collected on behalf of third parties[182]. - For contracts with variable consideration, the company estimates the best estimate of variable consideration using expected value or most likely amount[182].

2021 年第一季度报告 1 / 26 2021 年第一季度报告 公司代码：600113 公司简称：浙江东日 浙江东日股份有限公司 2021 年第一季度报告 2 / 26 | 一、 | 重要提示 4 | | --- | --- | | 二、 | 公司基本情况 4 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2021 年第一季度报告 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末增 | | | | | | 减(%) | | | 总资产 | 2,114,838,963.31 | 1,949,611,624.03 | | 8.47 | | 归属于上市公司 | 1,493,469,429.88 | 1,466,347,107.80 | | 1.85 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 126,891,738 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥504.06 million, a slight increase of 1.14% compared to ¥498.37 million in 2019[19]. - Net profit attributable to shareholders decreased by 78.21% to ¥29.64 million from ¥136.07 million in the previous year, primarily due to a significant decline in the fair value of holdings in Wenzhou Bank[20]. - Basic and diluted earnings per share fell by 80% to ¥0.07 from ¥0.35 in 2019[20]. - The net cash flow from operating activities increased by 25.97% to ¥201.96 million, up from ¥160.32 million in 2019[19]. - Total assets at the end of 2020 were approximately ¥1.95 billion, reflecting a 2.38% increase from ¥1.90 billion in 2019[19]. - The weighted average return on equity decreased to 2.03%, down 8.56 percentage points from 10.59% in 2019[20]. - The company reported a net profit of ¥16.21 million in Q1 2020, which increased to ¥156.71 million by Q4 2020, but ended the year with a loss of ¥73.76 million in Q4[23]. - Non-recurring gains and losses included a loss of ¥122.98 million from fair value changes in financial assets, significantly impacting the overall profit[26]. - The company's net assets attributable to shareholders increased slightly by 0.68% to ¥1.47 billion from ¥1.46 billion in 2019[19]. - The total operating revenue for 2020 was CNY 504,059,396.46, representing an increase of 1.36% compared to CNY 498,371,052.15 in 2019[181]. - The net profit for 2020 was CNY 25,983,362.57, a significant decrease of 80.85% from CNY 135,693,893.77 in 2019[182]. Dividend Policy - As of December 31, 2020, the company's distributable profit amounted to RMB 321,225,375.14, with a proposed cash dividend of RMB 0.25 per share, totaling RMB 10,285,779.00 for all shareholders[5]. - The cash dividend represents 34.70% of the net profit attributable to shareholders in the consolidated financial statements[5]. - The company plans to maintain the total distribution amount unchanged even if the total share capital changes before the dividend distribution date[5]. - In 2020, the company distributed a cash dividend of 0.25 RMB per share, with a total payout of approximately 29.64 million RMB, representing 34.70% of the net profit attributable to shareholders[91]. - The company has not proposed a cash dividend distribution plan for the current reporting period, despite positive profits available for distribution[92]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Certified Public Accountants[4]. - The board of directors and senior management confirm the authenticity, accuracy, and completeness of the annual report[6]. - The company has not reported any instances of funds being occupied or any progress on debt recovery during the reporting period[97]. - The internal control audit report issued by Tianjian Accounting Firm confirmed the effectiveness of the company's internal controls as of December 31, 2020, with a standard unqualified opinion[155]. - The company strictly adhered to information disclosure obligations, with no regulatory criticisms or penalties for disclosure violations during the reporting period[151]. Business Operations - The company continues to focus on its main business of agricultural products wholesale and fresh food distribution, with no significant changes in its business model during the reporting period[31]. - The company holds 78 million shares of Wenzhou Bank, with a fair value decline impacting the company by -122.98 million RMB due to new financial instrument accounting standards[35]. - The company's market cluster in the Louqiao area supplies over 90% of the total vegetable and fruit supply in Wenzhou, enhancing its competitive pricing advantage[38]. - The company has established a multi-brand system including "Dongri Agricultural Wholesale," "Mapai Fresh," and "Smart Agricultural Trade," actively promoting project expansion[45]. - The "Mapai Fresh" platform was launched to meet the needs of small C-end customers, ensuring fresh food delivery during the COVID-19 pandemic[47]. - The company is enhancing its information technology capabilities, integrating various data systems to improve market management and operational efficiency[40]. - The company has initiated the "Zhejiang Longyou" and "Shanxi Linfen" agricultural logistics projects, receiving positive feedback from investors and local governments[45]. - The company has implemented a standardized and information-driven approach to improve operational efficiency and brand image during the pandemic[43]. - The company has developed a comprehensive ERP system for its delivery business, optimizing workflows and enhancing service capabilities[40]. Financial Position - Total assets at the end of 2020 were CNY 1,949.61 million, an increase of 2.38% year-on-year[51]. - The company's total liabilities rose to ¥426,629,220.28 in 2020, compared to ¥408,425,278.87 in 2019, which is an increase of approximately 4.4%[176]. - The company's equity attributable to shareholders increased to ¥1,466,347,107.80 in 2020 from ¥1,456,514,965.30 in 2019, showing a growth of about 0.6%[176]. - The total liabilities to equity ratio stood at approximately 29.1% in 2020, compared to 27.3% in 2019, suggesting a slight increase in leverage[176]. - The total cash and cash equivalents amounted to ¥240,772,651.18 in 2020, compared to ¥206,819,784.50 in 2019, reflecting an increase of about 16.4%[174]. Management and Governance - The company has a strong management team with extensive experience in agricultural market operations, contributing to its core competitiveness[39]. - The company continues to emphasize governance and compliance with regulatory requirements in its operations[133]. - The company has established a strict remuneration assessment system linking executive pay to company performance[138]. - The company has a governance structure that complies with the requirements of the Company Law and Securities Law, ensuring effective decision-making and oversight[149]. - The company has appointed a new supervisor and vice general manager during the reporting period, indicating ongoing management adjustments[141]. Market Challenges and Future Outlook - The company faced significant operational challenges during the COVID-19 pandemic, with a notable decline in market efficiency and a complete halt in the lighting market operations[84]. - The competitive landscape for agricultural wholesale markets is intensifying, with new business models reducing traditional market roles, necessitating strategic adaptations[85]. - The company aims to achieve an operating income of over 500 million RMB in 2021, maintaining consistency with 2020's revenue, despite uncertainties due to government land requisition affecting the lighting market[83]. - The company anticipates a year-on-year increase in total profit for 2021, although this target is subject to macroeconomic policies and market conditions[83].

Financial Performance - Operating income for the first nine months was CNY 347,349,297.19, a decrease of 3.03% year-on-year [8]. - Net profit attributable to shareholders of the listed company decreased by 12.96% to CNY 103,399,015.99 compared to the same period last year [8]. - Basic earnings per share for the reporting period were CNY 0.25, down 19.35% from CNY 0.31 in the previous year [9]. - Operating profit for the first three quarters of 2020 was ¥148,230,590.77, down from ¥158,796,556.66 in the same period of 2019, indicating a decrease of about 6.5% [30]. - Net profit for Q3 2020 was ¥2,493,261.22, down from ¥3,960,590.40 in Q3 2019, indicating a decrease of about 37.0% [36]. - The company reported a total profit of ¥3,058,581.97 for Q3 2020, down from ¥5,447,572.94 in Q3 2019, a decrease of around 43.7% [36]. - The company’s net profit guidance for the upcoming period indicates potential losses or significant changes compared to the previous year, although specific figures are not disclosed [18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,894,210,960.95, a decrease of 0.53% compared to the end of the previous year [8]. - The total assets as of September 30, 2020, amount to ¥1,894,210,960.95, a slight decrease from ¥1,904,235,878.05 at the end of 2019 [22]. - The total liabilities decreased to ¥299,636,121.00 from ¥408,425,278.87, reflecting a reduction in both current and non-current liabilities [22]. - The total liabilities amounted to ¥150,205,926.35 in Q3 2020, slightly up from ¥149,279,112.22 in Q3 2019, indicating a marginal increase of about 0.6% [27]. - Total current assets increased to ¥273,726,887.07 in Q3 2020, up from ¥234,638,677.24 in Q3 2019, representing a growth of approximately 16.5% [26]. - Total current assets amounted to CNY 330,625,831.52 as of Q3 2020, with cash and cash equivalents at CNY 206,819,784.50 [45]. - Non-current assets totaled CNY 1,573,610,046.53, including long-term equity investments of CNY 82,257,826.90 and investment properties valued at CNY 423,526,709.57 [46]. Cash Flow - The net cash flow from operating activities for the first nine months increased by 61.31% to CNY 151,920,086.25 compared to the same period last year [8]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 151,920,086.25, up from CNY 94,176,588.77 in the previous year, indicating a year-over-year growth of approximately 61.3% [39]. - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 55,826,976.06, an improvement from -CNY 446,433,323.33 in the previous year, showing a reduction in cash outflow [39]. - The net cash flow from financing activities for the first three quarters of 2020 was -CNY 117,254,562.05, compared to a positive cash flow of CNY 380,966,744.37 in the same period of 2019, indicating a shift in financing strategy [40]. - The company reported a cash and cash equivalents balance of CNY 185,658,332.64 at the end of the third quarter of 2020, down from CNY 241,560,240.27 at the end of the same period in 2019 [40]. Shareholder Information - Net assets attributable to shareholders of the listed company increased by 5.69% to CNY 1,539,342,423.29 compared to the end of the previous year [8]. - The total number of shareholders at the end of the reporting period was 29,266 [14]. - The largest shareholder, Zhejiang Dongfang Group, holds 49.29% of the shares [14]. - The company’s total equity increased to ¥1,594,574,839.95 from ¥1,495,810,599.18, indicating a growth in shareholder equity [23]. - The total equity attributable to shareholders was CNY 1,456,514,965.30, reflecting the company's strong capital base [46]. Expenses and Costs - The company reported a 47.56% increase in selling expenses, totaling ¥14,806,634.16 compared to ¥10,034,229.46 in the previous year, due to increased business activities of subsidiaries [16]. - Total operating costs for Q3 2020 were ¥86,919,090.92, up from ¥75,580,165.96 in Q3 2019, reflecting an increase of approximately 15% [29]. - The company incurred a tax expense of ¥565,320.75 in Q3 2020, down from ¥1,486,982.54 in Q3 2019, a decrease of approximately 62.0% [36]. - The company’s operating expenses, including management and sales expenses, totaled ¥5,330,408.70 and ¥185,832.68 respectively for Q3 2020, indicating a focus on cost management [35]. Investment and Growth - Long-term equity investments increased by 44.05% to ¥118,493,747.15 from ¥82,257,826.90 at the beginning of the year, due to increased external investments [22]. - The investment income for the current period is ¥38,102,086.98, a significant increase from a loss of ¥847,524.05 in the same period last year, primarily due to the sale of Wenzhou Dongri Real Estate equity [16]. - The company reported a decrease in investment income, with a loss of ¥2,050,023.30 from joint ventures in Q3 2020, compared to a loss of ¥487,017.83 in Q3 2019 [36]. - Research and development expenses for the first three quarters of 2020 were ¥2,189,218.36, compared to ¥0.00 in the same period of 2019, indicating a focus on innovation [30]. Compliance and Standards - The company adjusted its financial reporting to comply with the new revenue recognition standards effective January 1, 2020, impacting the classification of prepayments to contract liabilities [48]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the reporting of "prepayments" to "contract liabilities" [51].