法律意见书 浙江天册律师事务所 关于 浙江东日股份有限公司 2023 年第四次临时股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于 浙江天册律师事务所（以下简称"本所"）接受浙江东日股份有限公司（以 下简称"浙江东日"或"公司"）的委托，指派本所律师参加公司 2023 年第 四次临时股东大会，并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）和《上市公司股东大 会规则（2022 年修订）》（以下简称"《股东大会规则》"）等法律、法规和 其他有关规范性文件的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席人 员的资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对 会议所审议的议案内容和该等议案中所表述的事实或数据的真实性和准确性 发表意见。 本法律意见书仅供公司 2023 年第四次临时股东大会之目的使用。本所律 师同意将本法律意见书随浙江东日本次股东大 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥165,427,286.23, a decrease of 56.08% compared to the same period last year[6] - The net profit attributable to shareholders was ¥26,179,042.42, down 42.75% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,128,105.29, a decline of 46.55% compared to the previous year[6] - Basic earnings per share were ¥0.06, a decrease of 41.91% compared to the same period last year[6] - The net profit for Q1 2023 was CNY 23,201,515.60, a decrease of 68.6% compared to CNY 73,939,601.23 in Q1 2022[21] - The total comprehensive income attributable to the parent company was CNY 26,179,042.42, compared to CNY 45,725,163.90 in the same quarter last year, reflecting a decline of 42.8%[22] - The company recorded a total profit of CNY 35,368,386.10 for Q1 2023, down from CNY 100,575,829.73 in Q1 2022, indicating a decrease of 64.9%[21] - The operating profit for Q1 2023 was CNY 34,968,325.19, a decline of 65.2% compared to CNY 100,475,455.69 in the same quarter last year[21] Cash Flow and Assets - The net cash flow from operating activities was ¥14,354,313.91, an increase of 102.58% year-on-year[6] - The cash flow from operating activities increased to CNY 14,354,313.91, compared to CNY 7,085,688.85 in Q1 2022, representing a 102.0% increase[23] - The cash flow from investing activities showed a net inflow of CNY 396,457,845.80, a significant improvement from a net outflow of CNY 37,109,097.85 in the previous year[24] - Cash and cash equivalents amounted to ¥1,025,647,476.89 as of March 31, 2023, compared to ¥588,566,162.81 at the end of 2022, indicating a growth of 74.4%[16] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,025,647,476.89, an increase from CNY 366,791,094.48 at the end of Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,889,288,201.54, an increase of 36.12% from the end of the previous year[7] - Current assets as of March 31, 2023, totaled ¥2,063,452,301.37, an increase of 65.7% from ¥1,244,916,160.66 on December 31, 2022[17] - Total assets reached ¥3,889,288,201.54 as of March 31, 2023, compared to ¥2,857,330,340.14 at the end of 2022, reflecting a growth of 36%[19] - Total liabilities increased to ¥1,504,176,458.58 in Q1 2023, up from ¥612,643,934.84 in Q4 2022, marking a rise of 145%[18] Shareholder Information - The top shareholder, Wenzhou Dongfang Group Co., Ltd., holds 49.29% of the shares[13] Market and Operational Insights - The company reported a significant decrease in revenue due to the concentrated delivery of shops in the Longyou Baiyi Agricultural Market in the same period last year[10] - The company did not report any new product developments or market expansion strategies in this quarter[10] - Total operating costs for Q1 2023 were ¥129,079,034.61, down 53% from ¥277,840,761.74 in Q1 2022[20] - Net profit for Q1 2023 was not explicitly stated, but the significant drop in revenue and costs indicates a challenging financial environment[20] - Accounts receivable increased to ¥37,904,616.79 in Q1 2023 from ¥36,162,631.95 in Q4 2022, showing a slight rise of 4.8%[16] - Inventory as of March 31, 2023, was ¥844,916,435.43, significantly higher than ¥107,957,331.43 at the end of 2022, reflecting a growth of 682%[17] - Long-term equity investments decreased to ¥88,754,303.07 in Q1 2023 from ¥144,315,358.86 in Q4 2022, a decline of 38.7%[17] Revenue Comparison - Total operating revenue for Q1 2023 was ¥165,427,286.23, a decrease of 56% compared to ¥376,636,625.14 in Q1 2022[20]

证券代码：600113 证券简称：浙江东日 公告编号：2023-036 浙江东日股份有限公司 关于召开 2022 年度业绩说明会的公告 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： 会议召开时间：2023 年 03 月 28 日(星期二) 下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 21 日(星期二) 至 03 月 27 日(星期 一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 600113@dongri.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 浙江东日股份有限公司（以下简称"公司"）已于 2023 年 3 月 11 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解 公司 2022 年度经营成果、财务状况，公司计划于 2023 年 03 月 28 日 下午 1 ...

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]

Financial Performance - The company's operating revenue for Q3 2022 was ¥191,692,817.50, representing an increase of 18.22% compared to the same period last year[8]. - The net profit attributable to shareholders for Q3 2022 was ¥39,732,669.15, reflecting a growth of 4.26% year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥37,927,870.79, which is an increase of 1.05% compared to the previous year[8]. - Year-to-date revenue reached ¥738,841,687.03, marking a significant increase of 61.60% compared to the same period last year[8]. - The basic earnings per share for Q3 2022 was ¥0.10, a decrease of 7.75% from the previous year[9]. - The weighted average return on equity was 1.89%, down by 0.60 percentage points compared to the previous year[9]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2022 reflecting a positive trend compared to the previous year[24]. - In Q3 2022, the company's net profit reached CNY 148,710,950.24, a 47% increase compared to CNY 101,072,534.57 in Q3 2021[25]. - The operating profit for Q3 2022 was CNY 198,774,133.63, up from CNY 136,652,358.47 in the same period last year, reflecting a growth of approximately 45.5%[25]. - The total comprehensive income for Q3 2022 was CNY 148,710,950.24, compared to CNY 101,072,534.57 in Q3 2021, indicating a growth of 47%[26]. - The basic and diluted earnings per share for Q3 2022 were both CNY 0.29, an increase from CNY 0.25 in Q3 2021[26]. Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥738,841,687.03, a significant increase from ¥457,190,135.22 in the same period of 2021[24]. - Total operating costs for the first three quarters of 2022 were ¥541,449,154.31, compared to ¥320,162,486.27 in the first three quarters of 2021, indicating a rise in costs[24]. - The total revenue from sales of goods and services for the first three quarters of 2022 was CNY 459,656,414.89, compared to CNY 634,715,087.16 in the same period of 2021, reflecting a decline of about 27.5%[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,835,392,239.51, a decrease of 7.25% from the end of the previous year[9]. - Cash and cash equivalents as of September 30, 2022, amounted to ¥259,561,437.23, down from ¥397,249,611.88 at the end of 2021[20]. - Accounts receivable increased to ¥38,564,886.24 as of September 30, 2022, compared to ¥28,350,965.19 at the end of 2021, reflecting improved sales[20]. - Inventory decreased to ¥242,645,276.31 as of September 30, 2022, from ¥340,732,483.22 at the end of 2021, indicating better inventory management[20]. - Total assets as of September 30, 2022, were ¥2,835,392,239.51, down from ¥3,057,180,557.88 at the end of 2021[22]. - Total liabilities decreased to ¥629,637,523.64 as of September 30, 2022, from ¥898,926,713.85 at the end of 2021, showing improved financial health[22]. - Shareholders' equity increased to ¥2,205,754,715.87 as of September 30, 2022, compared to ¥2,158,253,844.03 at the end of 2021, indicating growth in company value[22]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥81,648,174.61, which decreased by 65.82% compared to the same period last year[9]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 81,648,174.61, down from CNY 238,848,572.88 in the same period of 2021, a decrease of approximately 65.8%[28]. - The company reported a net cash outflow from investing activities of CNY -115,212,411.62 in the first three quarters of 2022, compared to CNY -53,214,424.66 in the same period of 2021[29]. - The cash and cash equivalents at the end of Q3 2022 were CNY 258,661,831.23, down from CNY 416,935,082.49 at the end of Q3 2021, a decrease of approximately 38%[29]. Research and Development - Research and development expenses increased significantly to CNY 5,194,810.25 in Q3 2022, compared to CNY 1,857,423.42 in Q3 2021, marking an increase of 179%[25]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue growth[23]. - The company attributed the increase in revenue to the sales recognition from the Longyou Baiyi Agricultural Market[13]. - The company reported a total of 30,835 common shareholders at the end of the reporting period[15].

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].

Financial Performance - The company's operating revenue for Q3 2021 was ¥162,144,117.10, representing a year-on-year increase of 16.05%[6] - The net profit attributable to shareholders was ¥38,110,259.13, showing a slight decrease of 0.86% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥37,533,751.30, down by 1.71% year-on-year[6] - The basic earnings per share for Q3 2021 was ¥0.09, unchanged from the previous quarter[7] - The company reported a 31.62% increase in operating revenue year-to-date, attributed to the recovery from the pandemic and the addition of new business data[11] - In Q3 2021, the company's net profit was CNY 101,072,534.57, a slight decrease from CNY 101,835,798.77 in Q3 2020, representing a decline of approximately 0.75%[23] - The total comprehensive income for Q3 2021 was CNY 101,072,534.57, slightly lower than CNY 101,835,798.77 in Q3 2020, indicating a decrease of about 0.75%[24] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period increased by 57.22%, totaling ¥238,848,572.88[7] - Cash and cash equivalents amounted to RMB 416,935,082.49, compared to RMB 240,772,651.18 in the previous period, showing a significant increase of 73.2%[17] - The cash and cash equivalents at the end of Q3 2021 amounted to CNY 416,935,082.49, a substantial increase from CNY 185,658,332.64 at the end of Q3 2020[27] - The company’s cash flow from financing activities in Q3 2021 resulted in a net outflow of CNY 18,765,318.18, compared to a much larger outflow of CNY 117,254,562.05 in Q3 2020, showing improved cash management[27] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,279,932,380.14, an increase of 16.94% from the end of the previous year[7] - The company's total assets as of September 30, 2021, amounted to RMB 2,279,932,380.14, compared to RMB 1,949,611,624.03 at the end of the previous year, reflecting a growth of 16.9%[19] - Total liabilities increased to RMB 664,299,401.02 as of September 30, 2021, from RMB 426,629,220.28 at the end of the previous year, representing a rise of 55.8%[19] - The company's total equity reached RMB 1,615,632,979.12, an increase from RMB 1,522,982,403.75 at the end of the previous year, indicating a growth of 6.1%[19] Operating Costs and Expenses - Total operating costs for the first three quarters of 2021 were RMB 320,162,486.27, up 39.5% from RMB 229,470,466.91 in the previous year[22] - The company's total operating expenses in Q3 2021 were CNY 55,000,000.00, which included sales expenses of CNY 18,756,223.24 and management expenses of CNY 35,283,106.72, reflecting an increase in operational costs[23] Shareholder Information - The top shareholder, Wenzhou Dongfang Group Co., Ltd., holds 49.29% of the shares, totaling 202,807,800 shares[13] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to sustain growth momentum[22]

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].