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]

Financial Performance - In 2017, the company's operating revenue was CNY 350,102,846.60, a decrease of 2.20% compared to CNY 357,993,318.71 in 2016[23]. - The net profit attributable to shareholders was CNY 95,561,032.86, down 3.88% from CNY 99,419,510.27 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 91,718,272.71, a decrease of 7.31% compared to CNY 98,950,503.06 in 2016[24]. - Basic earnings per share decreased by 3.23% to CNY 0.30 in 2017 compared to CNY 0.31 in 2016[25]. - Weighted average return on equity fell to 15.51% in 2017, down from 19.03% in 2016, a decrease of 3.52 percentage points[25]. - The company reported a decrease of 6.45% in basic earnings per share after excluding non-recurring items, down to CNY 0.29 in 2017[25]. - The company reported a total comprehensive income of CNY 95,817,857.14 for 2017, compared to CNY 99,826,434.76 in 2016[160]. Cash Flow and Investments - The net cash flow from operating activities increased by 3.02% to CNY 163,674,999.14 from CNY 158,873,514.86 in 2016[24]. - Operating cash flow for 2017 was ¥163,674,999.14, an increase of 3.02% from ¥158,873,514.86 in 2016, primarily due to the company's investment in the agricultural trade city[61]. - Investment activities generated a cash flow of -¥89,638,091.59, a significant decrease of 1056.9% compared to -¥7,748,106.33 in 2016, mainly due to the company's investment in government bond reverse repurchase[61]. - Financing activities resulted in a cash flow of -¥65,029,849.47, a 34.80% improvement from -¥99,735,846.97 in 2016, attributed to the company's gradual repayment of loans[61]. Assets and Liabilities - As of the end of 2017, the total assets reached CNY 1,002,773,850.65, representing a 9.24% increase from CNY 917,985,769.69 in 2016[24]. - Total liabilities decreased to CNY 335,532,323.77 from CNY 346,326,099.95, a reduction of about 3.1%[153]. - Shareholders' equity increased to CNY 667,241,526.88 from CNY 571,659,669.74, showing a growth of approximately 16.7%[153]. - Current assets rose to CNY 214,345,296.49, up from CNY 107,491,036.61, indicating a growth of about 99.4%[152]. - Non-current assets decreased to CNY 788,428,554.16 from CNY 810,494,733.08, reflecting a decline of approximately 2.7%[152]. Dividends and Shareholder Returns - The proposed cash dividend is CNY 0.91 per 10 shares, totaling CNY 28,992,600.00, based on a total share capital of 318,600,000 shares[7]. - The company has established a cash dividend policy, committing to distribute at least 10% of its distributable profits annually[80]. - In 2017, the cash dividend per 10 shares was 0.91 RMB, with a total cash dividend amounting to 28,992,600 RMB, representing 30.34% of the net profit attributable to shareholders[81]. - The annual cash dividend ratio will be increased from no less than 10% to no less than 15% of the distributable profits starting from 2018[82]. Market and Operational Strategy - The company is focusing on expanding its market presence in line with national agricultural policies aimed at enhancing agricultural productivity and sustainability[33]. - The company plans to leverage government support for new agricultural initiatives, including the establishment of modern agricultural parks and technology-driven farming practices[34]. - The company is committed to improving its financial performance through strategic investments and operational efficiencies in response to changing market conditions[34]. - The company aims to enhance its position in the agricultural wholesale market by integrating industry resources and expanding its market presence[72]. - The company will focus on internet-based services to provide additional value to customers, aiming to shorten the supply chain and reduce costs[73]. Risks and Challenges - The company has outlined potential risks in its future development strategy, which are detailed in the management discussion section of the report[8]. - The company faced challenges such as a significant drop in vegetable prices, leading to a substantial decrease in transaction fee income[44]. - The company recognizes the increasing competition in the agricultural wholesale market, which raises entry barriers and costs[71]. - The company faces risks related to market competition and the need for skilled professionals in the agricultural distribution sector[76]. Corporate Governance and Compliance - The company has not reported any issues regarding the occupation of funds during the reporting period[90]. - The company has not made any changes to accounting policies or estimates that would affect the financial statements[90]. - The company has not received a non-standard audit opinion from the accounting firm[90]. - The company maintained independence from its controlling shareholder, ensuring no misuse of funds or assets occurred during the reporting period[130]. - The company ensured compliance with information disclosure regulations, with no instances of regulatory criticism or penalties during the reporting period[131]. Employee and Management Structure - The total number of employees in the parent company is 41, while the main subsidiaries employ 730, resulting in a total of 771 employees[124]. - The company has established a salary distribution policy based on the "Employee Handbook" and "Performance Management System"[125]. - The company has a training plan that includes onboarding for new employees and management training for current employees[126]. - The company has a diverse leadership team with extensive experience in finance and management[117]. Related Party Transactions - The total expected related party transactions for 2017 due to daily operations is RMB 12.86 million, including sales and purchases related to the catering business[94]. - The annual rental amount for leasing from Wenzhou Vegetable Basket Group Co., Ltd. is RMB 17.3856 million, based on the evaluation report[94].

2017 年第三季度报告 一、 重要提示 | 一、 | 重要提示 | 4 | | --- | --- | --- | | 二、 | 公司基本情况 | 4 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 10 | 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 2017 年第三季度报告 1 / 22 2017 年第三季度报告 公司代码：600113 公司简称：浙江东日 浙江东日股份有限公司 2017 年第三季度报告 2 / 22 | 目录 | | --- | 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 971,331,197.15 917,985,769.69 5.81 归属于上市公司 股东的净资产 642,629,886.71 570,378,098.37 12.67 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 112,516,985.82 128,566,673 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥148,381,197.50, a decrease of 9.53% compared to ¥164,014,826.52 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was ¥41,675,198.22, down 19.12% from ¥51,524,688.44 in the previous year[19]. - The net cash flow from operating activities decreased by 26.35%, amounting to ¥55,059,327.56 compared to ¥74,758,940.63 in the same period last year[19]. - Basic earnings per share for the first half of 2017 were ¥0.13, a decrease of 18.75% compared to ¥0.16 in the same period last year[20]. - The weighted average return on net assets decreased by 3.25 percentage points to 7.06% from 10.31% in the previous year[20]. - The company reported a total non-operating income and expenses of 114,227.48, with a tax impact of -4,916.47[22]. - Operating revenue was CNY 148.38 million, a decrease of 9.53% year-on-year, primarily due to lower vegetable prices and a decline in trading fees in the agricultural wholesale market[38]. - Net profit attributable to shareholders was CNY 41.68 million, down 19.12% from the previous year[34]. - The company reported an operating profit of CNY 53,065,304.10, down 20.9% from CNY 67,049,837.72 in the previous year[86]. - Earnings per share (EPS) for the first half of 2017 was CNY 0.13, compared to CNY 0.16 in the same period last year, a decrease of 18.8%[87]. Assets and Liabilities - The total assets at the end of the reporting period were ¥920,226,025.66, a slight increase of 0.24% from ¥917,985,769.69 at the end of the previous year[19]. - The total assets reached CNY 920.23 million, an increase of 0.24% compared to the same period last year[34]. - Total liabilities decreased to ¥310,377,092.13 from ¥346,326,099.95, a reduction of approximately 10.4%[80]. - The company reported a decrease in short-term borrowings, indicating improved liquidity management[80]. - The total equity attributable to shareholders of the parent company increased to CNY 608,867,296.59 from CNY 570,378,098.37, a growth of 6.7%[81]. - The total owner's equity at the end of the reporting period shows an increase compared to the previous period, with a balance of RMB 584,285.2 million[107]. Market Operations - The company operates four major wholesale markets, including Wenzhou Lighting Market and Wenzhou Vegetable Basket Market, focusing on rental and transaction management services[26]. - Wenzhou Vegetable Basket Market has a daily trading volume of approximately 3,000 tons for vegetables and 1,000 tons for fruits, with a total area of about 440 acres[29]. - The Wenzhou Livestock Market serves as a central hub for pork trading, integrating transaction, information, and financial services[30]. - The company is actively involved in the agricultural supply-side structural reform, aligning with national policies to enhance agricultural productivity and farmer income[24]. - The company is expanding its market presence through the establishment of new agricultural parks and support for modern agricultural practices[25]. Investment and Subsidiaries - The company invested 1.2 million yuan in Wenzhou Vegetable Basket Distribution Co., Ltd. to optimize its asset-liability structure, increasing its registered capital to 2.2 million yuan[44]. - The company established Wenzhou Dongri Freshwater Fish Co., Ltd. with a registered capital of 7 million yuan, holding a 51% stake[44]. - Wenzhou Dongri Real Estate Co., Ltd. reported total assets of 284.26 million yuan and a net profit of 27.79 million yuan[46]. - Wenzhou Yiyou Agricultural Products Market Management Co., Ltd. generated a revenue of 95.42 million yuan and a net profit of 32.39 million yuan[46]. - The investment income from Wenzhou Bank contributed 780,000 yuan to the company's net profit, accounting for 18.72% of the total[46]. Risks and Compliance - The company has detailed the major risks it faces in the management discussion and analysis section of the report[9]. - The company faces market risks due to the lack of a unified national agricultural product circulation system, which may hinder the establishment of an efficient market network[47]. - The agricultural product circulation industry is experiencing challenges from new business models, such as e-commerce, which reduce traditional market roles[48]. - The company highlights a talent risk, as the demand for skilled professionals in agricultural product circulation exceeds the current supply[48]. - The company guarantees that the assets to be injected into the listed company are free from any encumbrances or legal disputes[54]. Cash Flow and Financing - The company reported cash and cash equivalents of ¥95,522,876.48, an increase from ¥82,550,850.14 at the beginning of the period[79]. - The total cash inflow from operating activities was CNY 164,554,749.24, down from CNY 168,593,655.28 year-on-year[92]. - The total cash outflow from financing activities was CNY 46,696,933.85, compared to CNY 336,720,172.77 in the previous year[94]. - The company paid CNY 8,896,933.85 in dividends and interest during the first half of 2017, an increase from CNY 3,864,566.06 in the same period last year[94]. - The company plans to conduct related transactions totaling 12.86 million yuan for daily operations, including selling and purchasing goods, and leasing properties[62]. 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[114]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[114]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with specific classifications for different types of financial instruments[123]. - The company conducts impairment testing for financial assets, recognizing impairment losses when the carrying amount exceeds the present value of expected future cash flows[128]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[166].

Financial Performance - Operating revenue for the period was ¥63,965,936.25, representing a decrease of 23.82% year-on-year[6] - Net profit attributable to shareholders was ¥13,978,310.54, down 36.44% from the previous year[6] - Cash flow from operating activities was ¥23,222,865.09, a significant decline of 44.89% compared to the same period last year[6] - The weighted average return on equity decreased to 2.45%, down 2.08 percentage points from the previous year[6] - Total revenue for Q1 2017 was CNY 63,965,936.25, a decrease of 23.8% compared to CNY 83,962,579.78 in the previous year[46] - Operating profit for Q1 2017 was CNY 18,808,739.95, down 36.0% from CNY 29,460,304.10 in the same period last year[47] - Net profit for Q1 2017 was CNY 14,218,648.17, representing a decline of 35.5% compared to CNY 22,101,793.99 in Q1 2016[47] Assets and Liabilities - Total assets at the end of the reporting period reached ¥928,516,131.54, an increase of 1.15% compared to the end of the previous year[6] - Accounts receivable decreased by 46.38% to ¥5,113,544.20 due to reduced receivables from distribution companies[10] - Inventory increased by 194.00% to ¥7,576,279.77, attributed to increased stock by distribution companies[10] - Current liabilities totaled CNY 115,817,813.63, down from CNY 119,026,099.95, showing a decrease of about 2.0%[40] - The company's total liabilities were CNY 343,117,813.63, a slight decrease from CNY 346,326,099.95, indicating a reduction of approximately 0.6%[40] - The equity attributable to the parent company increased to CNY 584,530,070.02 from CNY 570,378,098.37, representing a growth of about 2.5%[41] Cash Flow - Cash flow from operating activities decreased by 44.89% to 23,222,865.09 from 42,136,969.47 due to reduced revenue[13] - Cash flow from investing activities was 5,208,705.84, an increase from -866,483.72, attributed to dividends received from Wenzhou Bank[13] - Cash flow from financing activities decreased to -7,137,018.60 from -47,388,842.83 due to repayment of bank loans and interest expenses[13] - Cash inflow from operating activities was CNY 79,511,814.70, down from CNY 90,103,228.78 in the previous year[50] - Cash outflow from operating activities increased to CNY 56,288,949.61 from CNY 47,966,259.31 in Q1 2016[51] - Investment activities generated a net cash inflow of CNY 5,208,705.84, compared to a net outflow of CNY 866,483.72 in the previous year[51] - Financing activities resulted in a net cash outflow of CNY 7,137,018.60, a significant decrease from CNY 47,388,842.83 in Q1 2016[51] Shareholder Information - The number of shareholders at the end of the reporting period was 41,186[9] - The largest shareholder, Zhejiang Oriental Group, holds 48.97% of the shares[9] Business Restructuring and Commitments - The company committed to avoiding competition with Zhejiang Dongri and its subsidiaries post-major asset restructuring[15] - The company will ensure that its subsidiaries do not engage in similar business activities that could compete with Zhejiang Dongri[16] - The company plans to complete changes in its business scope within thirty days after the restructuring to avoid competition in the agricultural product wholesale market[16] - The company completed a major asset restructuring to avoid competition with Zhejiang Dongri and its subsidiaries[17] - Modern Cold Chain committed to changing its business scope within 30 days post-restructuring to prevent competition in cold chain storage and logistics[18] - The company guarantees that it will not utilize its knowledge of Zhejiang Dongri to engage in competitive activities that could harm its interests[19] - The group will adhere to fair market pricing principles for unavoidable related transactions with Zhejiang Dongri[19] - The company will ensure that no illegal occupation of funds or assets from Zhejiang Dongri occurs during business integration[19] - The group will follow the decision-making procedures for related transactions as per Zhejiang Dongri's articles of association[19] - The company will take measures to reduce related transactions with Zhejiang Dongri to protect the interests of minority shareholders[19] Regulatory Compliance and Legal Commitments - The company guarantees that all information provided regarding the major asset restructuring is true, accurate, and complete, with no false records or misleading statements[23] - The company has not faced any administrative or criminal penalties in the last three years, nor has it been under investigation for suspected crimes[25] - The company has engaged professional services for auditing, evaluation, legal, and financial advisory related to the major asset restructuring[24] - The company commits to suspending the transfer of shares if any false information is found during the investigation of the major asset restructuring[23] - The company ensures that all documents related to the major asset restructuring are consistent with original documents and signed by authorized personnel[24] - The company has committed to timely completion of the project initiation subject change procedures as required by local authorities[30] - The company has pledged to coordinate with relevant parties to transfer all contractual rights and obligations related to the target assets before the actual delivery date[31] Future Plans and Projects - The company is planning a major asset restructuring in 2016, which will not involve public issuance of stock for fundraising[24] - The company is undergoing a major asset restructuring involving the acquisition of the Wenzhou Vegetable Basket Group's modern agricultural trade city project and the Wenzhou Modern Cold Chain Logistics Center project[31] - The company has committed to completing all necessary industry access procedures for the cold chain logistics project before asset delivery[36] - The company reported that it has obtained various approvals for the cold chain logistics center project, which is still under construction[36]