Financial Performance - Operating revenue for the first nine months reached CNY 358,184,643.85, a 19.37% increase from the same period last year[8] - Net profit attributable to shareholders increased by 39.58% to CNY 118,799,576.35 compared to the previous year[8] - Basic and diluted earnings per share increased by 14.81% to CNY 0.31[9] - Total revenue for Q3 2019 reached ¥130,713,819.60, an increase of 14.5% compared to ¥114,296,291.78 in Q3 2018[30] - Net profit for the first three quarters of 2019 was ¥358,184,643.85, compared to ¥300,061,825.19 in the same period of 2018, indicating a growth of 19.4%[30] - The net profit for Q3 2019 reached CNY 3,960,590.40, compared to CNY 849,032.30 in Q3 2018, indicating a significant increase of about 366.5%[36] - The total profit for the first three quarters of 2019 was CNY 189,849,747.16, a substantial rise from CNY 15,006,023.41 in the same period of 2018, reflecting an increase of approximately 1,193.3%[36] Assets and Liabilities - Total assets increased by 66.73% to CNY 1,767,126,333 compared to the end of the previous year[8] - Total assets as of September 30, 2019, amounted to ¥1,482,002,861.18, significantly higher than ¥762,410,086.59 at the end of 2018[28] - Current liabilities decreased to ¥140,852,059.37 from ¥205,694,108.34, reflecting a reduction in short-term obligations[23] - Total liabilities increased from ¥320,694,108.34 to ¥377,571,160.42, reflecting an increase of ¥56,877,052.08[48] - Non-current assets increased by ¥227,508,208.30, from ¥762,410,086.59 to ¥989,918,294.89[51] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 94,176,588.77, up 35.22% year-on-year[8] - The net cash flow from operating activities for Q3 2019 was ¥98,876,427.74, a significant increase from ¥7,927,870.71 in Q3 2018[44] - Cash inflows from financing activities amounted to ¥438,317,615.90 in the first three quarters of 2019, a substantial increase from ¥100,000.00 in the same period of 2018[41] - The net cash flow from financing activities was ¥380,966,744.37 in 2019, contrasting with a negative cash flow of -¥57,778,753.41 in 2018[41] Shareholder Information - The number of shareholders reached 33,364 at the end of the reporting period[12] - Zhejiang Oriental Group holds 49.29% of the shares, making it the largest shareholder[13] - Shareholders' equity totaled ¥1,346,093,889.15 as of September 30, 2019, compared to ¥570,760,518.83 at the end of 2018, representing an increase of 135.2%[28] Investments - Long-term equity investments rose by 179.73% to ¥54,645,731.18 due to increased external investments[16] - Investment properties surged by 473.74% to ¥427,776,547.51 as a result of purchasing modern agricultural market assets[16] - The company raised net funds of ¥438 million through a rights issue, with ¥368 million allocated for purchasing assets related to the modern agricultural market[19] Expenses - Financial expenses decreased by 83.97% to ¥929,740.94, due to reduced loan interest payments[17] - The company reported a tax expense of CNY 1,486,982.54 for Q3 2019, compared to CNY 280,696.48 in Q3 2018, which is an increase of approximately 429.5%[36] - The company reported a significant increase in employee compensation payments, totaling ¥13,547,292.67 in Q3 2019 compared to ¥10,631,453.26 in Q3 2018[44] Future Outlook - The company expects no significant changes in cumulative net profit compared to the previous year[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 227,470,824.25, representing a 22.45% increase compared to CNY 185,765,533.41 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was CNY 77,243,505.87, a significant increase of 57.02% from CNY 49,192,180.16 in the previous year[20]. - The net cash flow from operating activities reached CNY 63,301,934.20, marking a 70.98% increase compared to CNY 37,023,885.23 in the same period last year[21]. - Basic earnings per share for the first half of 2019 were CNY 0.21, a 40.00% increase from CNY 0.15 in the same period last year[22]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 37.71%, primarily due to higher wholesale vegetable prices resulting from increased rainfall and snow[23]. - Total operating revenue for the first half of 2019 reached ¥227,470,824.25, an increase of 22.5% compared to ¥185,765,533.41 in the same period of 2018[110]. - The total profit for the first half of 2019 was CNY 102,556,883.02, compared to CNY 65,984,284.46 in the same period of 2018, representing an increase of approximately 55.4%[111]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,738,398,895.37, a 64.02% increase from CNY 1,059,857,607.20 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 90.74% to CNY 1,407,792,344.44 from CNY 738,057,312.85 at the end of the previous year[21]. - Total assets grew by 64.02%, also influenced by the share placement plan and the reclassification of 78 million shares in Wenzhou Bank as financial assets measured at fair value[23]. - Total liabilities stood at ¥329,641,990.51, slightly up from ¥320,694,108.34, showing a marginal increase of 0.3%[104]. - Current liabilities decreased to ¥153,729,033.40 from ¥205,694,108.34, a reduction of approximately 25.3%[104]. Cash Flow - Cash inflow from financing activities was CNY 438,317,615.90, a notable increase from CNY 100,000.00 in the first half of 2018[119]. - Net cash flow from financing activities reached CNY 382,473,681.87, compared to -CNY 41,326,580.29 in the same period last year[119]. - The ending balance of cash and cash equivalents was CNY 220,662,950.62, up from CNY 164,144,107.47 at the end of the first half of 2018[119]. - Operating cash inflow for the first half of 2019 was CNY 247,561,491.27, an increase of 19.6% compared to CNY 207,034,839.84 in the first half of 2018[118]. Market Operations - The average daily trading volume at the Wenzhou Vegetable Basket wholesale market reached approximately 3,000 tons, with over 70 types of fruits listed[31]. - The Wenzhou Agricultural Products Wholesale Market accounts for over 90% of the total supply of vegetables and fruits in Wenzhou, establishing itself as a price formation center in the region[36]. - The company operates five professional wholesale markets, enhancing operational efficiency and service quality in agricultural product distribution[30]. - The company’s distribution business leverages its wholesale market scale to provide procurement and delivery services to various institutions and restaurants, primarily through a bidding process[29]. Investments and Acquisitions - The company raised a net amount of 438 million RMB through a rights issue, with 368 million RMB allocated for acquiring assets from the Vegetable Basket Group and the remainder for the expansion of the Wenzhou Agricultural Products Wholesale Market[34]. - Long-term equity investments increased by 152.66% to ¥49,357,749.01, attributed to additional investments in Fuding Hongzhu and Linfen Nongdu[53]. - The company has completed the acquisition and property transfer of the first phase of the Modern Agricultural City project, enhancing its market presence[43]. Risk Management - The company is facing potential risks as detailed in the management discussion and analysis section of the report[8]. - The company faces policy risks due to the incomplete regulatory framework in the modern agricultural product circulation industry, leading to low entry barriers and potential for vicious competition[61]. - Market risks are present as the agricultural product circulation system lacks a unified national and regional planning, which hinders the establishment of an efficient circulation system[62]. - The company is challenged by talent risks, as the demand for skilled professionals in modern agricultural circulation exceeds the current supply[62]. Corporate Governance - The company has committed to not using its controlling position to seek advantages for itself or its affiliates over independent third parties[68]. - The company will ensure fair pricing in unavoidable related transactions to protect the interests of minority shareholders[68]. - The company aims to reduce related transactions with its subsidiaries to safeguard the interests of minority shareholders[68]. - The company has committed to maintaining the integrity of its relationship with Zhejiang Dongri, adhering to the rights and obligations outlined in the company's articles of association[70]. Accounting Policies - The company has adopted new financial instrument standards effective January 1, 2019, impacting the classification and measurement of financial assets[87]. - The company’s financial reports comply with the requirements of enterprise accounting standards, reflecting its financial position, operating results, and cash flows accurately[143]. - The company has confirmed that there are no significant changes in accounting policies or estimates that would materially affect the financial statements[199].

Financial Performance - Operating revenue rose by 39.83% to CNY 103,678,583.85 year-on-year[8] - Net profit attributable to shareholders increased by 65.52% to CNY 27,478,950.25 compared to the same period last year[8] - Basic earnings per share improved by 80.00% to CNY 0.09[8] - The company reported non-recurring gains of CNY 85,590.27 during the period[11] - Operating profit for Q1 2019 was ¥36,659,628.25, up 56.2% from ¥23,481,600.73 in Q1 2018[28] - Net profit for Q1 2019 was ¥27,395,826.92, representing a 56.2% increase compared to ¥17,545,569.74 in Q1 2018[28] - The total profit for Q1 2019 was ¥36,668,496.83, a 56.2% increase from ¥23,491,364.08 in Q1 2018[28] Cash Flow - Cash flow from operating activities turned positive at CNY 45,358,713.01, compared to a loss of CNY 5,436,075.98 in the previous year[8] - Cash flow from operating activities in Q1 2019 was ¥108,326,643.91, an increase from ¥92,453,033.63 in Q1 2018[32] - The company reported a net cash flow from operating activities of CNY 45,358,713.01, a significant improvement from a negative cash flow of CNY -5,436,075.98 in Q1 2018[33] - Cash inflow from financing activities included CNY 438,317,615.90 from investment absorption, with no corresponding figure reported for Q1 2018[34] - The cash outflow for taxes paid decreased to CNY 9,933,241.44 from CNY 36,640,393.26 in the previous year, showing a reduction of 72.8%[33] Assets and Liabilities - Total assets increased by 63.79% to CNY 1,735,977,849.45 compared to the end of the previous year[8] - Total liabilities increased to ¥360,469,751.55, up from ¥320,694,108.34, reflecting a growth of about 12.3%[22] - Current liabilities decreased to ¥188,592,699.47 from ¥205,694,108.34, a reduction of approximately 8.5%[22] - Non-current assets totaled ¥1,367,598,405.00, compared to ¥768,594,520.32, indicating a rise of about 77.9%[21] - Current assets totaled CNY 291,263,086.88, with inventory accounting for CNY 41,207,826.64[39] Shareholder Information - The total number of shareholders reached 36,600 by the end of the reporting period[12] - Zhejiang Dongri Group Company holds 49.29% of the shares, making it the largest shareholder[12] - Shareholder equity attributable to the parent company increased by 86.24% to CNY 1,374,570,625.49[8] - Owner's equity rose significantly to ¥1,375,508,097.90 from ¥739,163,498.86, marking an increase of approximately 86.1%[22] Investment and Expenses - Financial expenses decreased by 60.20% to RMB 808,562.82, mainly due to the repayment of bank loan interest by a subsidiary[15] - The company recorded an investment income of ¥162,700,000.00 in Q1 2019, compared to ¥856,048.03 in Q1 2018[29] - The company reported a significant increase in retained earnings, rising to ¥610,834,223.59 from ¥412,638,526.85, an increase of about 48%[22] - The company reported a 55.95% increase in income tax expenses, amounting to RMB 9,272,669.91, due to profit growth[15] Other Financial Metrics - The weighted average return on equity rose by 0.42 percentage points to 2.99%[8] - The company has implemented new financial accounting standards effective January 1, 2019, impacting the classification of financial assets[41] - The company is focusing on expanding its non-current asset base, particularly in investment properties and intangible assets[21]

股票代码： 600113 股票简称：浙江东日 公告编号：2019-026 浙江东日股份有限公司 投资者接待日活动暨 2018 年度业绩说明会召开情况 的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对 公告的虚假记载、误导性陈述或者重大遗漏负连带责任。 一、业绩说明会召开情况 浙江东日股份有限公司投资者接待日活动暨 2018 年度业绩说明 会于 2019 年 3 月 19 日下午 15:30-17:00 在公司三楼会议室以现场方 式召开。公司副董事长兼总经理杨澄宇先生、董事会秘书兼财务总监 谢小磊先生；证券事务代表戴儒哲先生及部分投资者出席了会议。会 议由杨澄宇先生主持。 二、会议主题 出席的投资者就其关注的公司经营现状、未来的外延方向和战略 发展等问题与公司管理层进行了充分的沟通，具体内容详见上海证券 交易所网站（www.sse.com.cn）刊登的《浙江东日股份有限公司投资 者接待日活动暨 2018 年度业绩说明会会议纪要》 特此公告 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------- ...

浙江东日股份有限公司 投资者接待日活动暨 2018 年度业绩说明会会议纪要 一、说明会基本情况： 会议时间：2019 年 3 月 19 日下午 15:30—17:00 会议形式：现场会议 会议地点：浙江省温州市矮凳桥 92 号东日大楼三楼会议室 参会人员：公司副董事长兼总经理杨澄宇先生、董事会秘书兼财 务总监谢小磊先生、证券事务代表戴儒哲先生及投资者参与本次会议 二、说明会主要内容纪要 （一）主持人宣布公司 2018 年度现场业绩说明会开始，并向投 资者介绍出席会议的公司人员。 （二）由公司总经理杨澄宇先生作公司基本情况介绍 首先简单介绍了 2018 年度公司主营业务及子公司的经营情况， 然后介绍公司 2019 年的经营计划及工作重点。 1.公司 2018 年度基本情况 2018 年是公司积极外拓、创新发展的一年，我们面对复杂而严 峻的外部环境和愈加激烈的市场竞争，紧紧依靠全体员工，坚持党建 引领，围绕公司"外拓、并购、人才"三大战略，贯彻落实"建标准、 搭平台，促改革、提经营，加快跨区域发展步伐"的年度工作任务， 积极行动，谨慎应对，进一步完善了公司管理机制，向外拓展了新的 市场和业态，出色地完成了各项经营 ...

Financial Performance - In 2018, the company's operating revenue reached CNY 417,928,891.20, representing a year-on-year increase of 19.37% compared to CNY 350,102,846.60 in 2017[21]. - The net profit attributable to shareholders of the listed company for 2018 was CNY 104,667,738.65, an increase of 9.53% from CNY 95,561,032.86 in 2017[21]. - The net profit after deducting non-recurring gains and losses was CNY 98,436,629.82, up 7.32% from CNY 91,718,272.71 in the previous year[21]. - Basic earnings per share for 2018 increased by 10% to CNY 0.33 compared to CNY 0.30 in 2017[22]. - The total profit for the year reached CNY 140.61 million, which is an increase of 11.54% compared to the previous year[43]. - The company reported a total revenue of 375.05 million for the year 2018[128]. - The company reported a comprehensive income of ¥104,980,771.98 for the period, indicating strong financial performance despite challenges[185]. Cash Flow and Assets - The net cash flow from operating activities decreased by 23.02% to CNY 125,998,538.32 from CNY 163,674,999.14 in 2017[21]. - The company's cash and cash equivalents increased by 132.48% to 212,850,230.46, representing 20.08% of total assets, primarily due to the recovery of funds from government bond reverse repos and accumulated profits[61]. - The company reported cash and cash equivalents at the end of the year totaling CNY 212,850,230.46, compared to CNY 91,557,908.22 at the beginning of the year, marking an increase of approximately 132.5%[177]. - The company's current assets reached CNY 291,263,086.88, up from CNY 214,345,296.49, indicating a significant increase of about 36%[164]. - Total liabilities decreased to CNY 320,694,108.34 from CNY 335,532,323.77, representing a reduction of approximately 4.4%[165]. - The total liabilities to equity ratio improved to approximately 0.43 from 0.50, indicating a stronger equity position relative to liabilities[165][166]. Market Operations and Strategy - The company operates five major wholesale markets, including the Wenzhou Lighting Market and Wenzhou Agricultural Products Wholesale Market[29]. - The company is actively pursuing external expansion strategies, having signed framework agreements for agricultural wholesale projects in multiple cities[45]. - The company plans to enhance its market position through a public offering to acquire assets from the Cai Lan Zi Group, aimed at expanding its operational capacity[40]. - The company aims to establish a comprehensive agricultural market system by 2020, integrating online and offline sales channels to enhance efficiency and competitiveness[68]. - The company plans to increase its investment in the agricultural wholesale market, anticipating significant growth in agricultural product consumption driven by rising disposable income and urbanization trends[69]. Risk Management and Compliance - The company has outlined potential risks in its future development strategy, which are detailed in the management discussion and analysis section of the report[8]. - The company maintained a strong focus on risk management, implementing new procurement management methods and market fee management practices[48]. - The company is subject to risks from potential changes in tax policies that could affect its operations, particularly regarding VAT exemptions on agricultural products[84]. - The company is also exposed to industry policy risks, as significant unfavorable changes in government policies could negatively impact its operations[86]. - The company has committed to following fair pricing principles in unavoidable related transactions to protect the interests of minority shareholders[92]. Shareholder and Governance - The proposed cash dividend is CNY 0.4 per 10 shares, totaling CNY 16,457,246.40, based on a total share capital of 411,431,160 shares[7]. - The company has established a profit distribution policy in accordance with relevant regulations, ensuring clarity and completeness in decision-making processes[89]. - The company has a history of maintaining a consistent dividend payout, reflecting its commitment to returning value to shareholders[90]. - The company has committed to not seek advantages for its controlling group in transactions with its subsidiaries, ensuring fair treatment for minority shareholders[92]. - The company has independent directors and supervisors, with remuneration ranging from 50,000 to 54,610 yuan[126]. Operational Efficiency and Development - The company has completed the implementation of an ERP system in its distribution business, optimizing workflows and enhancing operational efficiency[39]. - The company has established a modern agricultural product circulation information platform to integrate transaction and market data, enhancing operational transparency[39]. - The company is focusing on professionalization and standardization of its operations to strengthen its market leadership in the region[35]. - The management team includes experienced professionals with backgrounds in various sectors, enhancing operational efficiency[130]. - The company has implemented a training plan for employees, including onboarding and management training[138]. Employee and Management Structure - The number of employees in the parent company is 74, while the total number of employees in the parent and major subsidiaries is 815[136]. - The total remuneration for all directors, supervisors, and senior management amounted to 3.7505 million yuan[133]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and fairness[142]. - The company has maintained a stable management structure with minimal turnover among key personnel[132]. - The board of directors held 14 meetings during the reporting period, ensuring compliance with relevant laws and regulations[141].

股票代码： 600113 股票简称：浙江东日 公告编号：2019-021 浙江东日股份有限公司 关于举行投资者接待日活动 暨 2018 年度现场业绩说明会的通知 本公司及董事会全体成员保证公告内容的真实、准确和完整，对 公告的虚假记载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 1、会议内容：投资者接待日活动暨2018年度现场业绩说明会 2、召开时间：2019年3月19日下午15:30-17:00 3、召开地点：公司会议室 一、说明会主题 浙江东日股份有限公司（以下简称"公司"）已于 2019 年 3 月 12 日披露了《公司 2018 年年度报告》，具体内容详见 2019 年 3 月 12 日的《上海证券报》、《中国证券报》及上海证券交易所网站(http： //www.sse.com.cn)。为便于广大投资者更全面深入地了解公司情况， 公司决定举办投资者接待日活动暨 2018 年度现场业绩说明会。 二、说明会召开的时间及地点 1、召开时间：2019年3月19日下午15:30-17:00 2、召开地点：公司三楼会议室 三、参加人员 1、公司主要高管，具体人员以实际出席为准； 2、拟参加我公司业绩说明会 ...

Financial Performance - Operating revenue for the first nine months reached CNY 300,061,825.19, a 22.74% increase from CNY 244,465,205.49 in the same period last year[8] - Net profit attributable to shareholders increased by 12.82% to CNY 85,109,665.75 compared to CNY 75,437,788.34 in the previous year[8] - Basic and diluted earnings per share improved by 12.50% to CNY 0.27 from CNY 0.24[9] - Total operating revenue for Q3 2018 reached ¥114,296,291.78, an increase of 19.0% compared to ¥96,084,007.99 in Q3 2017[27] - Net profit for Q3 2018 was ¥35,793,871.93, representing a 6.0% increase from ¥33,765,814.25 in Q3 2017[29] - The total comprehensive income for the third quarter of 2018 was approximately CNY 35.79 million, compared to CNY 33.77 million in the same period last year, representing an increase of about 6.0%[30] Asset and Liability Changes - Total assets increased by 2.70% to CNY 1,029,801,202.95 compared to the end of the previous year[8] - Net assets attributable to shareholders rose by 8.47% to CNY 718,870,196.98 year-on-year[8] - The total liabilities decreased to CNY 306,374,423.01 from CNY 335,532,323.77 at the beginning of the year[22] - Total assets as of the end of Q3 2018 amounted to ¥734,844,007.09, compared to ¥709,521,085.85 at the beginning of the year, reflecting a growth of 3.6%[25] - Total liabilities at the end of Q3 2018 were ¥165,974,407.72, an increase of 32.6% from ¥125,235,989.62 at the beginning of the year[25] Cash Flow Analysis - Cash flow from operating activities decreased by 38.10% to CNY 69,646,989.76 compared to CNY 112,516,985.82 in the same period last year[8] - The net cash flow from operating activities was CNY 69,646,989.76, down 38.10% from CNY 112,516,985.82 in the same period last year[16] - Cash inflow from financing activities was CNY 35,500,000.00, down from CNY 101,285,000.00 year-over-year[39] - Net cash flow from financing activities was CNY 3,007,400.00, compared to CNY 66,099,000.00 in the previous year[39] - The ending cash and cash equivalents balance was CNY 104,464,964.36, significantly higher than CNY 10,999,675.76 at the end of the same period last year[39] Investment and Income Changes - Investment income decreased by 73.72% to CNY 2,114,807.27 from CNY 8,048,182.12, mainly due to no dividends received from Wenzhou Bank[16] - Other income rose to CNY 1,272,100.00, a 250.83% increase compared to CNY 362,594.20 in the previous year, primarily due to subsidies received for public welfare construction projects[16] - The company reported a significant increase in investment income, with CNY 496,132.27 in the third quarter, up 99.9% from CNY 248,182.12 in the same period last year[32] Shareholder Information - The number of shareholders at the end of the reporting period was 34,663[12] - The company is progressing with its share placement plan, with a review meeting scheduled for October 30, 2018[16] Project Developments - The company completed the first phase of investment in the Dalian Wancheng Logistics Park project during the reporting period[17] - The company signed an investment cooperation framework agreement with Wenzhou Hongzhu Real Estate Co., Ltd. for the Fuding Agricultural Products Wholesale Market[17] Cost and Expense Analysis - Total operating costs for Q3 2018 were ¥66,535,812.31, up 29.6% from ¥51,313,394.86 in Q3 2017[27] - The total operating costs for the third quarter were CNY 6.13 million, an increase of 187.5% from CNY 2.12 million in the same period last year[32] - The company incurred management expenses of CNY 4.49 million in the third quarter, which is a 150.5% increase from CNY 1.79 million in the same period last year[32]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥185,765,533.41, representing a 25.19% increase compared to ¥148,381,197.50 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was ¥49,192,180.16, an increase of 18.04% from ¥41,675,198.22 in the previous year[21]. - Basic earnings per share for the first half of 2018 were ¥0.15, up 15.38% from ¥0.13 in the same period last year[22]. - The weighted average return on equity increased by 0.2 percentage points to 7.26% compared to 7.06% in the previous year[22]. - The company reported a total comprehensive income of ¥49,688,981.13, compared to ¥41,855,263.79 in the previous year, marking an increase of 18.5%[94]. - The company achieved operating revenue of CNY 185.77 million, an increase of 25.19% compared to the same period last year[35]. - The net profit attributable to shareholders reached CNY 49.19 million, reflecting an 18.04% increase year-on-year[35]. - The company reported a profit distribution of -28,992,600.00, indicating a reduction in retained earnings during the period[107]. Cash Flow and Assets - The net cash flow from operating activities decreased by 32.76% to ¥37,023,885.23 from ¥55,059,327.56 in the same period last year[21]. - The total assets at the end of the reporting period were ¥997,637,657.35, a slight decrease of 0.51% from ¥1,002,773,850.65 at the end of the previous year[21]. - The company's cash and cash equivalents increased by 79.28% to CNY 164.14 million, attributed to the recovery of funds from government bond reverse repos[42]. - The company's cash flow from investment activities surged by 1,568% to CNY 76.89 million, mainly due to the recovery of funds from government bond reverse repos[41]. - The total increase in cash and cash equivalents for the period was CNY 98,042,444.72, compared to CNY 22,984,126.38 in the previous year, representing a growth of 327.5%[101]. - The total liabilities increased to ¥143,000,000.00 from ¥125,600,000.00, marking an increase of about 14%[86]. - The total equity attributable to the parent company at the end of the reporting period was CNY 609,848,933.53, an increase from CNY 571,659,669.74 at the end of the previous year[105]. Market Operations - The company operates five major wholesale markets, including the Wenzhou Oriental Lighting Market and Wenzhou Vegetable Basket Market, focusing on rental income from shops and stalls[25]. - The Wenzhou Vegetable Basket Market has a daily trading volume of approximately 3,000 tons, with a total area of about 440 acres[29]. - The Wenzhou Pig Meat Wholesale Market serves as a central market for pig meat trading, equipped with comprehensive quality control systems[30]. - The Wenzhou Aquatic Products Wholesale Market operates with around 70 vendors, ensuring stable supply and price for aquatic products[30]. - The company’s existing agricultural product wholesale market contributes over 80% to its profits, with significant operations in the Wenzhou region[32]. - The company’s vegetable, fruit, and meat markets saw a comprehensive revenue increase compared to previous years, with the delivery business growing nearly 30% year-on-year[37]. Strategic Initiatives - The company is focused on expanding its market presence and enhancing service offerings through strict vendor selection and quality assurance measures[27]. - The company is committed to supporting rural e-commerce development and modernizing agricultural logistics as part of its strategic initiatives[25]. - The company is actively pursuing external market expansion, including investments in the Dalian Wancheng Logistics Park and the Shanxi Linfen agricultural product logistics park project[38]. - The company is focusing on diversifying its operations beyond wholesale markets, including industrial gas production and financial investments[32]. Compliance and Governance - The company did not distribute profits or increase capital reserves during the reporting period[8]. - The company has detailed the major risks it faces in the management discussion and analysis section of the report[8]. - The company will not use its controlling position over listed companies to seek favorable conditions or benefits for itself or its affiliates compared to independent third parties[55]. - The company commits to fair market pricing principles for unavoidable related transactions, ensuring no harm to the interests of minority shareholders[55]. - The company will ensure timely and detailed information disclosure regarding future related transactions[55]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy[114]. - The company has not reported any significant changes in accounting policies or estimates compared to the previous accounting period[72]. - The company has not recognized any deferred tax assets or liabilities that would impact the current period's income tax expense[168]. - The company has not reported any significant accounts receivable that require individual bad debt provisions during the reporting period[178]. - The company applies a provision for bad debts based on aging analysis, with provisions of 3% for accounts within one year, 10% for 1-2 years, 20% for 2-3 years, and 50% for over 3 years[133].

Financial Performance - Net profit attributable to shareholders increased by 21.93% to CNY 17,255,112.40 year-on-year[8] - Operating revenue rose by 15.92% to CNY 74,148,233.65 compared to the same period last year[8] - Basic earnings per share increased by 25.00% to CNY 0.05 per share[8] - Total operating revenue for Q1 2018 was CNY 74,148,233.65, an increase of 16.8% compared to CNY 63,965,936.25 in the same period last year[31] - Net profit for Q1 2018 reached CNY 17,545,569.74, representing a 23.0% increase from CNY 14,218,648.17 in Q1 2017[31] - The total comprehensive income for Q1 2018 was CNY 17,545,569.74, an increase from CNY 14,218,648.17 in Q1 2017[32] Asset and Liability Changes - Total assets decreased by 0.84% to CNY 994,302,352.89 compared to the end of the previous year[8] - Total current assets decreased to 209,054,099.75 from 214,345,296.49 at the beginning of the year[21] - Total liabilities decreased to 309,515,256.27 from 335,532,323.77, reflecting a reduction in financial obligations[23] - The total liabilities as of the end of Q1 2018 amounted to CNY 137,891,411.14, an increase from CNY 125,235,989.62 in the previous year[31] - The total equity for Q1 2018 was CNY 585,266,415.99, slightly up from CNY 584,285,096.23 in Q1 2017[31] Cash Flow Analysis - Cash flow from operating activities showed a net outflow of CNY 5,436,075.98, compared to a net inflow of CNY 23,222,865.09 in the same period last year[8] - Operating cash flow for the current period was -5,436,075.98, a significant decrease compared to 23,222,865.09 in the same period last year[17] - Investment cash flow for the current period was -2,839,534.16, down from 5,208,705.84 in the previous year, attributed to increased fixed asset purchases[17] - Financing cash flow was -6,034,647.99, slightly improved from -7,137,018.60 in the previous year, due to repayment of bank loans and interest expenses[17] - The net increase in cash and cash equivalents was CNY -14,310,258.13, compared to an increase of CNY 21,294,552.33 in the previous period[41] Inventory and Prepayments - Prepayments increased by 126.28% to CNY 1,473,881.88 due to increased procurement prepayments[14] - Inventory rose by 146.75% to CNY 9,091,598.81 as a result of increased stock at the distribution company[14] - Inventory increased significantly to 9,091,598.81 from 3,684,488.54, suggesting potential overstocking or increased production[21] Expense Trends - Sales expenses increased by 30.18% to CNY 2,507,204.06 due to increased business activities at the distribution company[16] - The company’s sales expenses increased to CNY 2,507,204.06 in Q1 2018, up from CNY 1,925,958.29 in Q1 2017[31] - The company’s management expenses rose to CNY 6,410,040.09 in Q1 2018, compared to CNY 5,905,598.19 in the same period last year[31] Other Income and Investments - Other income from operations surged by 633.55% to CNY 18,889.20, attributed to revenue from waste cardboard at the distribution company[16] - The company reported an investment income of CNY 856,048.03 in Q1 2018, with no comparable figure from the previous year[31] - The company plans to increase investment in Dalian Wancheng Logistics Park Co., Ltd. by 150 million RMB[17] Audit and Compliance - The company is currently undergoing an audit and evaluation for its 2018 equity issuance plan, pending approval from relevant authorities[18]