Financial Performance - The company's operating revenue for Q1 2023 was ¥16,495,569,072.09, representing a year-on-year increase of 3.76%[4] - Net profit attributable to shareholders decreased by 31.32% to ¥265,789,556.20 compared to the same period last year[4] - Basic and diluted earnings per share were both ¥0.0664, down 42.48% from the previous year[4] - Total operating revenue for Q1 2023 reached ¥16,495,569,072.09, an increase of 3.77% compared to ¥15,897,300,094.45 in Q1 2022[15] - Total operating costs for Q1 2023 were ¥16,192,462,003.26, up from ¥15,402,344,349.56 in Q1 2022, reflecting a year-over-year increase of 5.14%[15] - Net profit for Q1 2023 was ¥265,789,556.20, a decrease of 31.24% from ¥386,969,645.20 in Q1 2022[16] - The total profit for Q1 2023 was ¥342,776,696.69, down from ¥495,775,974.17 in Q1 2022, indicating a decline of 30.77%[16] Cash Flow - The net cash flow from operating activities was negative at ¥126,516,726.26, an increase in outflow of 76.24% year-on-year[4] - Cash flow from operating activities showed a net outflow of ¥126,516,726.26 in Q1 2023, an improvement from a net outflow of ¥532,580,033.12 in Q1 2022[18] - The company reported a total cash inflow from operating activities of ¥19,213,879,587.24 in Q1 2023, compared to ¥18,337,012,361.08 in Q1 2022, representing an increase of 4.78%[18] - Net cash flow from investing activities was -$400.92 million, compared to -$81.34 million in the previous period, indicating a significant increase in investment outflows[19] - Cash inflow from financing activities totaled $1.88 billion, slightly down from $1.96 billion in the previous period[19] - Net cash flow from financing activities was $1.22 billion, a substantial increase from $281.73 million in the previous period[19] - The net increase in cash and cash equivalents was $689.29 million, contrasting with a decrease of $332.19 million in the previous period[19] - The ending balance of cash and cash equivalents reached $2.45 billion, up from $760.44 million in the previous period[19] - Cash received from borrowings amounted to $1.61 billion, compared to $711.50 million in the previous period, indicating a strong reliance on debt financing[19] - Cash paid for debt repayment was $455.55 million, significantly higher than $91.61 million in the previous period[19] - Cash paid for dividends and interest was $88.08 million, slightly up from $87.57 million in the previous period[19] - Total cash outflow from financing activities was $659.29 million, down from $1.68 billion in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥17,941,359,818.31, a 6.31% increase from the end of the previous year[5] - The company's current assets totaled RMB 11,612,923,963.40, compared to RMB 11,000,187,269.09 in the previous year, indicating an increase of about 5.58%[12] - Cash and cash equivalents amounted to RMB 4,036,738,134.17, up from RMB 3,832,098,244.78, representing a growth of approximately 5.34% year-over-year[12] - The company's short-term borrowings increased significantly to RMB 5,775,063,844.80 from RMB 4,523,049,738.03, marking a rise of about 27.77%[13][14] - The total liabilities of the company reached RMB 9,748,348,107.76, compared to RMB 8,955,454,565.20 in the previous year, reflecting an increase of approximately 8.85%[14] - The company's equity attributable to shareholders rose to RMB 8,193,011,710.55 from RMB 7,920,478,617.61, indicating a growth of about 3.44%[14] - Inventory levels increased to RMB 3,435,601,663.26 from RMB 3,111,241,064.50, representing a growth of approximately 10.43%[12] - The company reported accounts receivable of RMB 2,212,703,764.03, up from RMB 2,129,240,082.59, which is an increase of about 3.91%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,188[9] - Shareholders' equity attributable to the parent company increased by 3.44% to ¥8,193,011,710.55 compared to the end of the previous year[5] Research and Development - Research and development expenses decreased to ¥49,600,839.88 in Q1 2023 from ¥64,570,486.50 in Q1 2022, marking a reduction of 23.14%[15] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[11] Mergers and Acquisitions - There are no notable mergers or acquisitions reported in the current quarter[11] Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2023[20] Other Income - Other income increased significantly to ¥37,956,316.67 in Q1 2023, compared to only ¥2,663,267.36 in Q1 2022[15] Tax Expenses - The company’s tax expenses decreased to ¥76,987,140.49 in Q1 2023 from ¥108,806,328.97 in Q1 2022, a reduction of 29.29%[16] Return on Equity - The weighted average return on equity decreased by 4.56 percentage points to 3.2990%[4] Profit Attribution - The decline in net profit was attributed to macroeconomic cycles and a decrease in the proportion of high-end products sold[8] Non-recurring Gains and Losses - Non-recurring gains and losses amounted to ¥30,124,255.81, with government subsidies contributing ¥37,268,729.00[6][7]

Financial Performance - The company's operating revenue for 2022 was approximately CNY 69.32 billion, an increase of 16.64% compared to CNY 59.43 billion in 2021[18]. - The net profit attributable to shareholders for 2022 was approximately CNY 1.09 billion, reflecting a growth of 25.36% from CNY 868.68 million in 2021[18]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.07 billion, up 29.57% from CNY 822.32 million in 2021[18]. - The company's total assets at the end of 2022 were approximately CNY 16.88 billion, a 4.99% increase from CNY 16.07 billion at the end of 2021[18]. - The net assets attributable to shareholders increased by 70.81% to approximately CNY 7.92 billion from CNY 4.64 billion in 2021[18]. - The basic earnings per share for 2022 was CNY 0.3158, representing a 21.32% increase from CNY 0.2603 in 2021[19]. - The weighted average return on equity for 2022 was 19.63%, a decrease of 12.48 percentage points from 32.11% in 2021[19]. - The net cash flow from operating activities for 2022 was negative CNY 413.75 million, an improvement of 86.67% compared to negative CNY 3.10 billion in 2021[18][20]. - The company achieved a revenue of 69.32 billion RMB in 2022, representing a year-on-year increase of 16.64%[65]. - The net profit attributable to shareholders was 1.09 billion RMB, up 25.36% year-on-year, while the net profit excluding non-recurring items was 1.07 billion RMB, increasing by 29.57%[65]. Business Restructuring - The company underwent a significant asset restructuring, changing its main business from supermarket retail to the research and production of aluminum alloys and related products[7]. - The company acquired 100% equity of Shandong Innovation Metal Technology Co., Ltd., marking a strategic shift in its business operations[7]. - Following the restructuring, the company's main business shifted from supermarket retail to aluminum alloy research and production, significantly improving profitability[95]. - The company completed a major asset restructuring, selling assets valued at ¥2,283.36 million for a transaction price of ¥2,290 million[93]. - The company has successfully completed the restructuring of its board and supervisory committee, establishing a new management team[29]. Market Expansion and Product Development - The company plans to continue expanding its market presence and enhancing product development in the upcoming periods[20]. - The company is focusing on expanding its capacity in high-end product areas such as 3C electronics, automotive lightweighting, and new energy[29]. - The company aims to enhance its product structure by increasing the supply of high-end precision processing products, particularly in the fields of new energy vehicles and 3C electronics[32]. - The company is actively expanding its market presence in the automotive lightweight sector, collaborating with renowned brands such as BMW, Mercedes-Benz, and BYD[30]. - The company plans to continue its strategic initiatives in market expansion and product development to drive future growth[124]. Research and Development - The company invested 265.6174 million yuan in R&D during the reporting period, an increase of 42.34% compared to the previous year, and held a total of 319 domestic patents[31]. - The company has increased its R&D expenses by 42.34% to 265.62 million RMB, reflecting a commitment to innovation and product development[66]. - The company aims to enhance its core competitiveness by focusing on new product development and technology implementation, particularly in the automotive lightweighting, 3C electronics, and new energy sectors[103]. Sustainability and Environmental Initiatives - The company has committed to using renewable energy sources in its production processes, aligning with sustainability goals[11]. - The company is actively promoting the use of renewable energy and driving green and low-carbon development[28]. - The company has established an environmental protection mechanism and invested RMB 63.74 million in environmental protection during the reporting period[166]. - The company has implemented measures to reduce nitrogen oxide emissions, including the installation of regenerative low-nitrogen burners, which have effectively decreased NOx emission concentrations and volumes[177]. - The company is committed to sustainability, with plans to reduce carbon emissions by 20% over the next three years[128]. Governance and Compliance - The company has established independent operational capabilities, allowing it to conduct business activities autonomously[113]. - The company is in compliance with the governance standards set by the China Securities Regulatory Commission, with no significant discrepancies noted[112]. - The company has implemented measures to ensure the independence of its board and management from controlling shareholders[113]. - The company has conducted five shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[110]. - The company has established specialized committees under the board, including the audit committee and the nomination committee[142]. Shareholder Relations and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.06 per share, totaling RMB 240,215,916.18, which represents 22.06% of the net profit attributable to shareholders for the year 2022[157]. - The cash dividend policy stipulates that if there are no major cash expenditures, at least 80% of the profit distribution should be in cash during the mature stage of development[156]. - The company has established a stable profit distribution policy to actively return profits to investors and ensure their rights and interests are protected[182]. - The company's cash dividend distribution plan must be communicated with shareholders, especially minority shareholders, through various channels[156]. Risk Management - The company reported risks including macroeconomic fluctuations, industry policy risks, and raw material price volatility, which could impact future performance[6]. - The company is actively monitoring industry dynamics and diversifying its market presence to mitigate risks associated with macroeconomic fluctuations[105]. - The company has established a safety production management system to prevent accidents in high-risk manufacturing processes[107]. Employee Management - The company has implemented a training program focusing on improving employee skills and stabilizing the workforce, covering all employees[152]. - The company reported a total of 9,829 employees, with 8,195 in production, 296 in sales, and 373 in R&D[150]. - The company has established a reasonable salary system linked to employee performance and responsibilities[151]. Financial Position and Assets - Cash and cash equivalents at the end of the period amounted to ¥3,832,098,244.78, which is 22.71% of total assets[87]. - Accounts receivable reached ¥2,129,240,082.59, making up 12.62% of total assets, with an 8.59% increase compared to the previous period[87]. - Inventory increased by 15.16% to ¥3,111,241,064.50, representing 18.44% of total assets[87]. - Short-term borrowings rose significantly by 71.34% to ¥4,523,049,738.03, accounting for 26.80% of total assets[87].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥4,012,535,176.48, a decrease of 6.11% compared to the same period last year [15]. - The net profit attributable to shareholders was -¥66,663,458.70, representing a significant decline of 251.23% year-on-year [15]. - The net cash flow from operating activities increased by 204.00% to ¥318,365,999.10 compared to the previous year [15]. - The total assets at the end of the reporting period were ¥11,104,825,966.59, down 3.90% from the end of the previous year [15]. - The basic earnings per share for the first half of 2022 was -¥0.10, a decrease of 233.33% compared to -¥0.03 in the same period last year [16]. - The company's operating profit was CNY -18,545,021.91, reflecting a decrease of 166.12% compared to the previous year [26]. - The total profit for the period was CNY -27,045,562.11, a decline of 287.11% year-on-year, driven by reduced revenue and gross profit [26]. - The company reported a net loss of CNY 586,864,603.61, compared to a loss of CNY 520,201,144.91 in the previous period [84]. - Total operating revenue for the first half of 2022 was CNY 4,012,535,176.48, a decrease of 6.12% compared to CNY 4,273,694,803.78 in the same period of 2021 [88]. - Net profit for the first half of 2022 was a loss of CNY 66,663,458.70, compared to a loss of CNY 18,322,656.83 in the same period of 2021 [89]. Governance and Compliance - The board of directors confirmed the authenticity, accuracy, and completeness of the semi-annual report, with all directors present at the meeting [2]. - The company has a comprehensive governance structure in place, ensuring accountability and transparency [4]. - The financial report has been approved by the company's board of directors, ensuring compliance with regulatory requirements [112]. - The company held a temporary shareholders' meeting on February 16, 2022, to approve major asset sales and share issuance for asset purchases [43]. - The company is committed to ensuring compliance with legal and regulatory requirements during its restructuring and asset transactions [45]. - The company held two shareholder meetings during the reporting period, including the first extraordinary meeting of 2022 and the annual meeting for 2021 [46]. Risks and Challenges - The company faces various risks including policy, market, operational, management, and financial risks, with detailed countermeasures provided in the report [3]. - The company faces risks from policy changes that could impact the retail industry, necessitating timely adjustments to business strategies [37]. - Market competition has intensified due to the rapid expansion of both domestic and foreign enterprises, prompting the company to implement differentiated operations and enhance market share through KVI management [38]. - New store openings may incur short-term losses during the 1-2 year market cultivation period, leading the company to adopt a phased opening strategy to mitigate overall performance impact [39]. - The company has implemented organizational changes to reduce management levels and improve operational efficiency, focusing on talent development and cost control [24]. Operational Highlights - The company operates multiple wholly-owned subsidiaries across various regions, enhancing its market presence [8]. - The company maintains a dedicated contact for investor relations, ensuring effective communication with stakeholders [11]. - The company operates primarily through a self-operated model, which allows for greater autonomy in procurement and sales, enhancing profit margins [21]. - The company has over 100 stores across more than ten provinces, establishing a strong market position and brand reputation [22]. - The logistics centers operated smoothly, with a notable increase in throughput and improved delivery efficiency from warehouses to stores [24]. - The company has integrated a new expansion strategy focusing on upgrading store formats and enhancing customer experience [24]. - The number of effective members nationwide continued to rise, supported by the establishment of a customer relationship management system and online interaction channels [24]. Financial Position and Investments - The company invested a total of 450 million yuan in external equity investments in the first half of 2022, a significant increase of 1,700% compared to 25 million yuan in the same period of 2021 [32]. - The company holds a 100% equity stake in Beijing Hualian Life Supermarket Co., Ltd., with an investment amount of 450 million yuan [33]. - The fair value of trading financial assets at the end of the reporting period is 21.92 million yuan, with an initial investment of 29.71 million yuan, resulting in a loss of 1.94 million yuan due to fair value changes [34]. - The company has a total of 250 million yuan invested in Hualian Finance Co., Ltd., which reported a net profit of 1.28 million yuan [36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 25,290 [76]. - The largest shareholder, Beijing Hualian Group Investment Holdings Co., Ltd., holds 29.17% of the shares, totaling 194,195,951 shares [77]. - Hainan Yixiong Commercial Investment Management Co., Ltd. holds 13.55% of the shares, totaling 90,248,350 shares [77]. - The company has not experienced any changes in share capital structure during the reporting period [76]. - There are no related party relationships among the top shareholders listed [78]. Asset Management - The company has established asset management controls, including daily management and periodic inventory checks, to address asset management risks [41]. - The company has optimized its supply chain to ensure stable product supply and developed differentiated self-owned brand products to enhance competitiveness [24]. - The company has strict safety management protocols to prevent incidents such as fires and theft during operations [41]. Accounting and Financial Reporting - The financial report for the reporting period has not been audited [2]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect the financial position as of June 30, 2022, and the operational results for the first half of 2022 [114]. - The accounting period for the company runs from January 1 to December 31 each year, with a business cycle of 12 months [115]. - The company's functional currency is Renminbi, and it applies specific accounting policies for business combinations under common and non-common control [116]. Employee and Management Information - The company has not disclosed any new employee incentive plans or stock ownership plans [49]. - The company has made commitments related to the establishment of a management equity incentive mechanism, with adjustments made to the number of shares involved [54]. - The number of shares for the management equity incentive mechanism has been adjusted from 7 million to 11.83 million due to previous profit distributions and capital increases [54]. - There were no changes in the management or board of directors during the reporting period [47].

Financial Performance - The company reported a net loss attributable to shareholders of RMB 281,776,490.56 for the year 2021[3]. - The profit distribution plan for 2021 is to not distribute profits or increase capital reserves, pending approval at the shareholders' meeting[3]. - The company's operating revenue for 2021 was ¥8,353,350,843.48, a decrease of 12.52% compared to ¥9,548,681,528.16 in 2020[15]. - The net profit attributable to shareholders for 2021 was ¥8,339,739,732.17, down 12.40% from ¥9,520,375,821.09 in the previous year[15]. - The company reported a net loss of ¥281,776,490.56 for 2021, a significant decline of 373.26% compared to a profit of ¥103,116,988.34 in 2020[15]. - The net cash flow from operating activities was negative at ¥259,158,225.15 in 2021, a decrease of 384.75% from ¥91,011,450.79 in 2020[15]. - The company's basic earnings per share for 2021 was -0.42, a decrease of 380.00% compared to 0.15 in 2020[17]. - The weighted average return on equity for 2021 was -13.13%, a decrease of 16.84 percentage points from 3.71% in 2020[17]. - The total revenue for the year 2021 was approximately CNY 7.01 billion, an increase of 15.20% compared to the previous year[36]. - The total profit for 2021 was CNY 40,035,307.68, a significant decrease compared to CNY 401,892,682.41 in 2020[198]. - The net profit for 2021 was CNY 31,539,500.90, down from CNY 309,630,451.11 in the previous year, indicating a decline of approximately 89.8%[198]. Risk Factors - The company faces various risk factors including policy, market, operational, management, and financial risks, as detailed in the management discussion section[5]. - The company is continuously monitoring national retail policies to adapt its business strategies accordingly, mitigating potential policy risks[74]. - The company faces market risks due to macroeconomic conditions affecting consumer purchasing power and competition from both domestic and foreign retailers[75]. - New store openings may incur short-term losses during a 1-2 year market cultivation period, but the company has a structured plan to mitigate these risks[76]. Governance and Compliance - The board of directors and senior management confirmed the authenticity and completeness of the annual report[2]. - The audit report issued by the accounting firm was a standard unqualified opinion, ensuring the accuracy of the financial statements[3]. - The company has committed to compliance with accounting standards and has implemented various financial management systems to ensure accurate financial reporting[79]. - The company has a robust governance structure in place, including independent directors and specialized committees to oversee financial and operational matters[80]. - The company ensures the independence of its operations, assets, personnel, and financial management from its controlling shareholders[82]. - The company has established a comprehensive budget management system to control costs as it expands its operations[78]. - The company has conducted a self-inspection of corporate governance issues and found compliance with the relevant regulatory standards[117]. Operational Developments - The management discussion and analysis section provides a detailed outlook on the company's future development strategies[5]. - The company opened its first "BHG Membership Store" in Lanzhou, focusing on high-quality products and competitive pricing[23]. - The company is enhancing its logistics network with the construction of 7 logistics centers and 11 regional fresh produce logistics configurations[23]. - The company opened 10 new stores during the reporting period, achieving a revenue of CNY 8,353,350,843.48, a decrease of 12.52% compared to the previous year[31]. - The company is focusing on enhancing its operational efficiency and profitability through strategic store management and market expansion initiatives[56]. - The company plans to expand its market presence by opening additional stores in various regions, focusing on life supermarkets[56]. Financial Management - The company has established a strong brand advantage and resource advantages through its long-standing relationships with suppliers and a focus on fresh produce[30]. - The company implemented a dual procurement system, which includes national and regional procurement, to reduce operating costs[28]. - The company has established a comprehensive performance evaluation system for employees, incorporating 360-degree assessments linked to compensation[106]. - The company has established a compensation assessment mechanism for senior management, considering factors such as talent scarcity, job importance, and market salary trends[113]. - The company has a cash dividend policy that mandates at least 50% of distributable profits be allocated as cash dividends when conditions allow[109]. Employee and Management Compensation - The total pre-tax compensation for the chairman and general manager Chen Lin was 955,000 CNY[85]. - The total pre-tax compensation for the deputy general manager Qiao Feng was 609,100 CNY[85]. - The total pre-tax compensation for the financial director Feng Xiaoying was 512,800 CNY[85]. - The total pre-tax compensation for the employee supervisor Bai Shuang was 344,600 CNY[86]. - The total remuneration for all directors, supervisors, and senior management was 4.2201 million yuan[93]. Asset Management - The total assets at the end of 2021 were ¥11,555,043,660.99, an increase of 40.61% from ¥8,217,689,095.33 in 2020[15]. - The company reported a significant increase in financial expenses, rising by 234.23% to CNY 351.44 million due to new leasing standards[44]. - The company has a guarantee amount of CNY 20 million to Hualian Group, with a guarantee expiration date of March 25, 2023[155]. - The company has a total of CNY 1,040.22 million in deposits during the reporting period, with a year-end balance of CNY 554.45 million[152]. Market Trends - In 2021, the total retail sales of consumer goods in China reached RMB 44.1 trillion, with a year-on-year growth of 10.7%[25]. - The retail sales of goods grew by 11.8% in 2021, with significant increases in essential goods such as food and daily necessities[25]. - Online retail sales of physical goods reached RMB 10.80 trillion in 2021, growing by 12% year-on-year and accounting for 24.49% of total retail sales[25]. - The sales growth rate in the Central China region was 6.11%, while other regions experienced declines, with East China showing a decrease of 35.49%[59].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,872,669,991.70, a decrease of 6.41% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 140,308,063.49, representing a decline of 514.41% year-on-year[5] - The net profit excluding non-recurring gains and losses was a loss of CNY 118,576,636.03, down 920.19% from the previous year[5] - The company's basic earnings per share were -CNY 0.21, a decrease of 520.00% compared to the same period last year[6] - Net profit for the first three quarters of 2021 was a loss of ¥158.63 million, contrasting with a profit of ¥117.00 million in the same period of 2020[26] - Operating revenue for the first three quarters of 2021 reached ¥6.15 billion, slightly up from ¥6.09 billion in 2020, indicating a growth of 1.4%[25] - Operating costs increased to ¥6.26 billion in 2021 from ¥6.01 billion in 2020, reflecting a rise of 4.4%[25] - The company reported a basic earnings per share of -¥0.24 for Q3 2021, compared to ¥0.18 in Q3 2020[27] Assets and Liabilities - Total assets increased to CNY 11,505,302,431.35, reflecting a growth of 40.01% compared to the end of the previous year[6] - Total assets increased to ¥11.51 billion in Q3 2021, up from ¥8.22 billion in Q3 2020, representing a growth of 40.5%[21] - Total liabilities rose to ¥9.41 billion, compared to ¥5.41 billion in the previous year, marking an increase of 74.7%[21] - As of September 30, 2021, total current assets amounted to RMB 3.95 billion, a decrease from RMB 4.69 billion at the end of 2020[20] - The total assets increased to CNY 12,285,060,641.24 as of November 1, 2021, compared to CNY 8,217,689,095.33 at the end of 2020[33] - Total liabilities included short-term borrowings of CNY 1,113,559,953.58 and accounts payable of CNY 2,702,030,737.18[33] - Total liabilities amounted to 5,409,675,311.60, with non-current liabilities at 4,783,392,639.58[34] - The company's short-term liabilities totaled 5,194,133,141.84, indicating a strong liquidity position[34] Cash Flow - The company reported a cash flow from operating activities of CNY 350,089,633.41, down 24.47% year-to-date[5] - The net cash flow from operating activities for Q3 2021 was CNY 350,089,633.41, a decrease of 24.4% compared to CNY 463,487,492.56 in Q3 2020[29] - Total cash inflow from financing activities was CNY 1,508,000,000.00, while cash outflow was CNY 2,270,154,301.56, resulting in a net cash flow of -CNY 762,154,301.56[30] - The total cash and cash equivalents at the end of Q3 2021 stood at CNY 2,291,676,239.99, down from CNY 3,466,257,643.85 at the end of Q3 2020[30] - Cash received from investment activities was CNY 6,916,270.36, while cash paid for investment activities was CNY 264,721,258.59, leading to a net cash flow of -CNY 257,804,988.23[29] - The cash paid to employees was CNY 701,210,623.40, reflecting an increase from CNY 686,115,059.19 in the previous year[29] - The cash flow from investment activities showed a significant increase in cash inflow from the disposal of fixed assets, reaching CNY 6,057,692.35 compared to CNY 3,980,049.28 in the previous year[29] - The company experienced a foreign exchange impact on cash and cash equivalents of -CNY 106,356.49 in Q3 2021[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 31,187[12] - The largest shareholder, Beijing Hualian Group Investment Holding Co., Ltd., holds 194,195,951 shares, accounting for 29.17% of total shares, with 135,200,000 shares pledged[12] - The total owner's equity attributable to shareholders was 2,804,920,387.39, down from 2,304,441,463.48, indicating a decline in shareholder value[34] Investments and Subsidiaries - The company established a wholly-owned subsidiary in Beijing with an investment of RMB 10 million for commercial project operations[16] - The company is in the process of transferring 100% equity of Beijing Hualian Comprehensive Supermarket (Singapore) Procurement Co., Ltd. to its wholly-owned subsidiary for RMB 57.95 million[17] - The estimated value of the 100% equity stake in Innovation Metal is between RMB 12.13 billion and RMB 12.2 billion, with a proposed issuance price of RMB 3.44 per share[15] - The estimated value of the assets to be disposed of is RMB 2.29 billion, with the transaction price agreed upon at RMB 2.29 billion to be paid in cash by Hualian Group[15] Financial Adjustments - The company adopted the new leasing standards effective January 1, 2021, impacting financial statement adjustments[35] - The company reported a decrease in retained earnings by 450,431,031.52, highlighting challenges in profit retention[34] - The company's capital reserve was reported at 1,686,352,817.05, indicating stability in equity financing[34] - The company’s total equity decreased to ¥2.10 billion in Q3 2021 from ¥2.81 billion in Q3 2020, a decline of 25.1%[22] - The company’s long-term borrowings decreased to ¥63.25 million in Q3 2021 from ¥176.05 million in Q3 2020, a reduction of 64.1%[21] - The company recorded a loss of CNY 27,725,746.12 from the disposal of non-current assets in the current period[8]