Financial Performance - The net profit attributable to shareholders for 2014 was -15.08 million RMB, a decrease of 414.71% compared to the previous year[5]. - Operating revenue for 2014 was 111.81 million RMB, down 2.87% from 115.11 million RMB in 2013[28]. - The basic earnings per share for 2014 was -0.102 RMB, a decline of 418.75% compared to 0.032 RMB in 2013[29]. - The weighted average return on equity was -5.40%, a decrease of 7.08 percentage points from 1.68% in 2013[29]. - The company reported a net profit of -16.58 million RMB after deducting non-recurring gains and losses[28]. - The company reported a net loss of CNY 134,071,082.61 for the year, compared to a loss of CNY 118,991,734.77 in the previous year, indicating a worsening of approximately 12.8%[174]. - The company reported a comprehensive loss of -¥16,319,720.25 for the current period, reflecting ongoing challenges in profitability[190]. Cash Flow and Assets - The net cash flow from operating activities was 2.89 million RMB, a significant improvement from -50,266.37 RMB in 2013[28]. - The company's net cash flow from operating activities for the reporting period was 2.89 million RMB, with cash inflows of 139.68 million RMB and outflows of 136.79 million RMB[51]. - The company had a net cash outflow of 43.73 million RMB from investing activities, primarily due to cash spent on fixed assets and other long-term assets[51]. - Cash and cash equivalents decreased by 76.17% to ¥12,775,365.79, primarily due to land transfer payments[58]. - The company's total assets decreased to CNY 287,791,685.81 from CNY 303,489,488.15 at the beginning of the year[176]. - Cash flow from operating activities generated a net cash inflow of ¥2,894,139.33, a recovery from a net outflow of ¥50,266.37 in the previous period[186]. Revenue and Expenses - The company adjusted its sales channels and improved main business sales revenue, resulting in a 2.34% decrease in main business revenue from CNY 108.51 million to CNY 105.96 million due to reduced sales of steel and building materials[42]. - The company reported a 22.67% decrease in sales expenses, from CNY 4.51 million to CNY 3.49 million, while management expenses increased by 22.85% from CNY 1.18 million to CNY 1.44 million[41]. - The total operating costs increased to CNY 131,064,832.12, up 10.6% from CNY 118,460,521.71 in 2013[179]. - The company’s other business revenue decreased by 11.43% from CNY 6.60 million to CNY 5.85 million, primarily due to a reduction in contract fee income[42]. Shareholder and Governance - The company plans not to distribute profits or increase capital reserves for the 2014 fiscal year[5]. - The company has communicated with independent directors and minority shareholders regarding profit distribution, ensuring their rights are protected[83]. - The company has a total of 16,760 shareholders as of the end of the reporting period, an increase from 12,915 shareholders five trading days prior to the report[103]. - The company has appointed Zhongshun Huayin Wuzhou Accounting Firm as its financial auditor for the 2014 fiscal year, with an audit fee of RMB 200,000[96]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which have led to a decline in consumer demand and increased competition in the fruit industry[73]. - Natural disasters, particularly extreme cold weather in Xinjiang, pose risks to fruit quality and yield, prompting the company to enhance disaster management[74]. - Financial risks arise from concentrated payments to farmers during harvest seasons, which the company plans to mitigate through advance procurement and funding plans[75]. Strategic Initiatives - The company established a wholly-owned subsidiary for real estate development with an investment of CNY 50 million, aiming to create new profit growth points[37]. - The company aims to enhance its market share through cross-industry cooperation with banks and media[36]. - The company plans to enhance brand building and diversify operations to adapt to market demand changes[69]. - The company aims to strengthen market risk control and expand fruit market development and sales networks to increase main business revenue[71]. Internal Control and Compliance - The company has implemented revisions to its internal control and governance documents to enhance risk management[141]. - The internal control system has been established and effectively implemented, with a standard unqualified audit report issued for the internal control effectiveness[162]. - The company strictly adheres to information disclosure regulations, ensuring accuracy and timeliness[142].

Financial Performance - Operating revenue for the current period was CNY 13,605,389.72, representing a decline of 45.16% year-on-year[9] - Net profit attributable to shareholders of the listed company was CNY -1,819,450.00, compared to CNY -1,293,578.49 in the previous year[9] - The net loss for Q1 2015 was CNY 1,819,450.00, compared to a loss of CNY 1,471,562.55 in Q1 2014[26] - The total comprehensive income for the period was a loss of CNY 1,819,450.00, compared to a loss of CNY 1,293,578.49 in the same period last year[27] - The basic and diluted earnings per share were both CNY -0.012, compared to CNY -0.009 in the previous year[27] Cash Flow - Cash flow from operating activities was CNY 12,715,015.74, down 38.44% from CNY 20,653,365.38 in the same period last year[9] - The net cash flow from operating activities was CNY 12,712,358.50, a decrease of 38.8% compared to 20,793,178.73 in the previous period[37] - Cash inflow from sales of goods and services is 14,790,681.11, down 42.2% from 25,478,359.42 in the previous period[36] - Total cash outflow from operating activities is 2,572,023.35, a reduction of 56.4% compared to 5,887,705.86 in the previous period[37] - The ending balance of cash and cash equivalents is 20,471,336.82, down 72.5% from 74,028,174.86 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 285,690,509.06, a decrease of 0.73% compared to the end of the previous year[9] - Total liabilities decreased to CNY 15,699,462.60 from CNY 15,978,036.82, a decline of 2%[24] - The company's total equity was CNY 269,991,541.75, down from CNY 271,813,648.99 at the start of the year[25] - The company's non-current assets totaled CNY 212,860,712.69, a decrease from CNY 215,095,224.26[20] Accounts Receivable and Inventory - Accounts receivable increased by 83.22% to CNY 888,272.32, primarily due to increased credit sales[13] - Inventory decreased to CNY 31,353,033.75 from CNY 42,654,675.98, reflecting a decline of about 26.4%[20] - The company reported a significant increase in accounts receivable, rising to CNY 888,272.32 from CNY 484,816.25, an increase of 83%[23] Shareholder Information - The number of shareholders at the end of the reporting period was 13,710[12] - The top shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 25.22% of the shares[12] Legal Matters - The company is currently involved in a lawsuit regarding a contract dispute with Xinjiang Cotton Industry Group, with ongoing court proceedings[14] - The company has not received CNY 4 million in entrusted management income from two horticultural fields, which has led to legal actions for recovery[15] - The company has issued legal notices to recover overdue management fees, indicating a proactive approach to asset management[15] Operational Changes - The company has committed to not engaging in competitive businesses post the completion of a recent equity change, ensuring operational independence[16] - The company has committed to maintaining financial independence and compliance with regulatory requirements following equity changes[16] Operating Costs - Total operating costs for Q1 2015 were CNY 15,424,839.72, down 41% from CNY 26,282,816.96 year-on-year[26] - The management expenses increased to CNY 2,090,564.66 from CNY 1,534,298.18 in the same period last year, indicating a rise of 36.1%[31] - The company incurred sales expenses of CNY 638,032.76, slightly down from CNY 662,898.09 in the previous year[31] Product and Market Activity - The company has not reported any new product launches or significant market expansion strategies during this period[26]

Financial Performance - Operating revenue rose by 51.96% to CNY 73,025,159.00 from CNY 48,055,022.14 in the same period last year[5] - Net profit attributable to shareholders decreased by 881.43% to a loss of CNY 7,134,979.43 compared to a profit of CNY 913,070.57 in the previous year[5] - Basic earnings per share dropped by 879.03% to CNY -0.0483 from CNY 0.0062 in the previous year[7] - The weighted average return on net assets decreased by 2.84 percentage points to -2.52% compared to 0.32% in the previous year[5] - The company reported a total comprehensive loss of CNY 519,543.44 for Q3 2014, compared to a loss of CNY 788,385.06 in Q3 2013[36] - The net loss for Q3 2014 was CNY -615,839.19, compared to a loss of CNY -782,772.56 in Q3 2013[32] - The total profit for the first nine months of 2014 was a loss of CNY 7,558,737.99, compared to a profit of CNY 435,647.29 in the same period last year[36] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of CNY 721,348.89 compared to a net outflow of CNY 37,202,319.71 in the same period last year, representing a 98.06% reduction in cash outflow[5] - The company's operating cash flow for the first nine months of 2014 was a net outflow of CNY 721,348.89, an improvement from a net outflow of CNY 37,202,319.71 in the same period last year[40] - Cash inflow from operating activities increased to $126.3 million, up from $77.3 million year-over-year, representing a growth of 63.5%[44] - Cash outflow from operating activities decreased to $126.8 million from $134.2 million, showing a reduction of 5.5%[45] - Net cash flow from operating activities improved to -$534,393.70 compared to -$56.9 million in the previous year, indicating a significant reduction in losses[45] Assets and Liabilities - Total assets increased by 6.45% to CNY 323,105,214.33 compared to the end of the previous year[5] - Total current assets decreased to CNY 101,041,997.91 from CNY 119,582,827.89, a decline of about 15.5%[23] - Total liabilities were CNY 41,971,132.00, significantly higher than CNY 15,196,667.07 at the start of the year[29] - The total owner's equity decreased to CNY 281,599,201.83 from CNY 288,292,821.08, a decline of 2.41%[29] - Accounts receivable decreased by 79.44% compared to the beginning of the year, amounting to RMB 721,013.56, due to increased cash collection[14] - Inventory increased by 71.41% from the beginning of the year, totaling RMB 80,738,991.70, primarily due to increased fruit stock acquisition[14] - The company's cash and cash equivalents decreased to CNY 8,818,714.50 from CNY 53,614,936.68 at the beginning of the year, representing a decline of approximately 83.6%[23] Shareholder Information - The total number of shareholders reached 17,079 by the end of the reporting period[10] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., holds 25.22% of the shares, totaling 37,255,813 shares[10] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company is in the process of disposing of four sales subsidiaries, with the resolution passed on August 16, 2014, still ongoing[14] - The company has initiated legal proceedings against a cotton supplier for the recovery of RMB 250,000, which remains unpaid[15] Financial Management - The company reported a significant increase in non-operating income of CNY 96,295.75, primarily due to a settlement regarding packaging materials[9] - The company's financial expenses decreased significantly by 261.83%, reflecting increased interest income from bank deposits[14] - The company reported an increase in asset impairment losses by 220.32%, primarily due to higher provisions for bad debts[14] - The company's accounts payable decreased by 88.13%, amounting to RMB 617,940.10, due to payments made to suppliers[14] Compliance and Regulations - The company has committed to not engage in any competing business post the completion of the equity change, ensuring compliance with relevant regulations[18] - The company will minimize related party transactions with the listed company, ensuring fair market practices[18] - The implementation of new accounting standards from July 1, 2014, did not impact the financial status or operating results for the year 2013 or the current period[19] - The company has pledged to maintain the independence of its personnel, assets, finances, organization, and operations post-equity change[18] - The company will not plan any major asset restructuring within six months following the termination of the significant asset restructuring matter[18]

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 47,015,909.05, an increase of 131.42% compared to CNY 20,315,928.38 in the same period last year[17]. - The net profit attributable to shareholders was CNY -6,693,543.87, a decrease of 538.55% from CNY 1,526,278.59 in the previous year[17]. - The basic earnings per share were CNY -0.045, down 550.00% from CNY 0.010 in the same period last year[17]. - The weighted average return on net assets was -2.36%, a decrease of 2.90 percentage points compared to 0.54% in the previous year[17]. - The net cash flow from operating activities was CNY 50,492,984.07, an increase of 74.00% from CNY 29,018,912.98 in the previous year[17]. - The company's main business profit was CNY 969,500, a decrease of 58.52% compared to the previous year[21]. - The company reported a net loss for the first half of 2014 of CNY 7,039,194.55, compared to a net profit of CNY 1,224,032.35 in the same period last year[74]. - The total comprehensive income for the current period was -¥6,333,479.63, compared to ¥1,752,669.89 in the previous period[76]. - The net profit for the current period shows a loss of CNY 6,693,543.87, indicating a significant decline in profitability[84]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 300,405,908.39, a decrease of 1.03% from CNY 303,535,270.15 at the end of the previous year[17]. - The company's net assets attributable to shareholders were CNY 280,196,300.43, a decrease of 2.33% from CNY 286,889,844.30 at the end of the previous year[17]. - The total liabilities increased to CNY 18,735,138.20 from CNY 15,196,667.07, reflecting a rise of approximately 23.4%[71]. - The owner's equity decreased to CNY 281,959,341.45 from CNY 288,292,821.08, showing a decline of about 2.3%[71]. - The total owner's equity at the end of the reporting period is RMB 284,687,138.51, a decrease of RMB 6,333,479.63 compared to the previous period[96]. Revenue Sources - In the first half of 2014, the company's main business revenue from the fruit industry increased by CNY 26,722,188.43, representing a growth of 146.32% compared to the same period last year[32]. - Revenue from the Xinjiang region reached CNY 19,309,127.45, reflecting a year-on-year increase of 177.35%[34]. - The company's main business cost in the fruit industry rose by CNY 28,073,860.70, with an increase of 176.08% year-on-year, primarily due to increased sales volume[32]. - The gross profit margin for the fruit industry decreased by 10.55 percentage points compared to the previous year, attributed to a decline in market selling prices[32]. Cash Flow and Investments - Cash and cash equivalents increased to CNY 103,978,496.87 from CNY 53,614,936.68 at the beginning of the period[65]. - The company reported cash outflows from investing activities of CNY 129,423.88, a decrease from cash inflows of CNY 9,341,209.43 in the previous period[79]. - The company had no cash inflows from financing activities during the current period, compared to cash outflows of CNY 30,470,000.00 in the previous period[79]. - The company has not engaged in any external equity investments during the reporting period[37]. Operational Management - The company plans to enhance brand building and diversify operations based on market demand changes[21]. - The company has maintained a focus on enhancing the profitability of existing assets through effective management and operational improvements[28]. - The company is committed to ensuring safety management and has reported no safety production accidents during the reporting period[28]. - The company has initiated human resource planning and talent development to support business growth[29]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,510, with the top ten shareholders holding a combined 37,255,813 shares, representing 25.22% of total shares[57]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[63]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[59]. Accounting Policies and Compliance - The financial report was approved by the board on August 16, 2014[102]. - The financial statements are prepared based on the company's ongoing operations and comply with the Chinese Accounting Standards[103]. - The company's accounting period runs from January 1 to December 31 each year[105]. - The company has not reported any new accounting policy or estimate changes for the period[168]. Taxation and Exemptions - The company received a property tax exemption totaling RMB 108,273.83 for the year 2014, effective from January 1, 2014, for a period of five years[169]. - The company is eligible for a five-year exemption from property tax for all agricultural processing enterprises, as per local tax policies[169]. - The company’s total tax exemptions for the year include RMB 112,868.54 for property tax in the development zone, effective from January 1, 2013, for five years[169].

Financial Performance - Operating revenue for the first quarter was CNY 24,811,254.41, representing a 133.15% increase compared to the same period last year[8]. - Net profit attributable to shareholders was a loss of CNY 1,293,578.49, a decline of 128.05% year-on-year[8]. - Basic earnings per share were CNY -0.009, a decrease of 129.03% compared to the previous year[9]. - Total operating revenue for Q1 2014 reached ¥24,811,254.41, a significant increase of 133.5% compared to ¥10,641,745.49 in the same period last year[25]. - The net profit attributable to the parent company for Q1 2014 was -¥1,293,578.49, compared to a profit of ¥4,610,964.97 in Q1 2013[27]. - The basic and diluted earnings per share for Q1 2014 were both -¥0.009, down from ¥0.031 in the same quarter last year[27]. - The company reported a negative operating profit of -¥1,471,562.55 for Q1 2014, an improvement from -¥2,276,629.41 in Q1 2013[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 304,957,006.67, a 0.47% increase from the previous year-end[8]. - The company's total assets amounted to CNY 304,957,006.67, a slight increase from CNY 303,535,270.15 at the beginning of the year[20]. - The company's total liabilities increased to CNY 17,955,355.86 from CNY 15,062,056.79, reflecting a rise of about 19.2%[21]. - Total liabilities increased to ¥17,971,306.67 from ¥15,196,667.07 at the start of the year, reflecting a rise of 18.4%[23]. - The company's total equity decreased to ¥287,184,491.32 from ¥288,292,821.08 at the beginning of the year[24]. Cash Flow - Net cash flow from operating activities was CNY 20,653,365.38, an increase of 13.76% compared to the previous year[8]. - Cash flow from operating activities for Q1 2014 was ¥25,639,231.42, an increase from ¥14,551,906.13 in Q1 2013[31]. - Operating cash inflow for the current period was CNY 26,680,884.59, an increase of 19.5% compared to CNY 22,335,296.86 in the previous period[35]. - Net cash flow from operating activities was CNY 20,793,178.73, up from CNY 17,970,455.76, reflecting a growth of 10.2%[36]. - The net increase in cash and cash equivalents for the current period was CNY 20,742,195.52, compared to a decrease of CNY -3,071,506.24 in the previous period[37]. - The ending balance of cash and cash equivalents was CNY 74,028,174.86, up from CNY 40,328,385.58 in the previous period[37]. Accounts Receivable and Inventory - Accounts receivable increased by 96.25% to CNY 6,883,489.23, primarily due to increased sales receivables[12]. - Accounts receivable rose to CNY 6,883,489.23 from CNY 3,507,489.43, indicating an increase of about 96.8%[19]. - Inventory decreased by 48.25% to CNY 24,375,378.99, attributed to increased sales volume[12]. - Inventory levels decreased significantly to ¥23,037,210.85 from ¥45,662,391.54, indicating a reduction of 49.6%[22]. Shareholder Information - The company had a total of 16,917 shareholders at the end of the reporting period[10]. - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 25.22% of the shares, totaling 37,255,813 shares[10]. Strategic Initiatives - The company terminated the major asset restructuring agreement with Changyuan Water Group, resulting in no significant financial losses apart from some intermediary fees[15]. - The company will continue to strengthen its brand building and diversify its operations based on the sales of Xinjiang specialty fruits, particularly the Kuerle fragrant pear[16]. - The company has committed to ensuring that it does not engage in competitive business activities with its major shareholders[17]. - The company plans to minimize related party transactions and ensure fair pricing in necessary transactions[17].

Financial Performance - The net profit attributable to shareholders for 2013 was CNY 4.79 million, a significant recovery from a loss of CNY 5.61 million in 2012, marking an improvement of 185.3%[3] - Operating revenue for 2013 reached CNY 115.11 million, representing an increase of 89.47% compared to CNY 60.75 million in 2012[24] - The basic earnings per share for 2013 was CNY 0.032, recovering from a loss of CNY 0.038 in 2012[25] - The weighted average return on equity for 2013 was 1.68%, a recovery from -1.97% in 2012[26] - The net profit after deducting non-recurring gains and losses was -CNY 3.67 million, an improvement from -CNY 12.29 million in 2012[24] - The net profit for 2013 was CNY 4,088,806.94, a recovery from a net loss of CNY 6,268,510.03 in the previous year[189] - The net profit for 2013 was CNY 5,358,352.46, compared to a net loss of CNY 4,778,447.83 in the previous year, indicating a turnaround in profitability[192] - The company recorded a total profit of CNY 6,379,601.36 for the year, a significant recovery from a loss of CNY 5,407,009.13 in the previous year[192] Revenue and Sales - Operating revenue reached CNY 115.11 million, with main business revenue of CNY 108.51 million, reflecting an increase of 98.11% compared to the previous year[37] - The company achieved a significant increase in sales volume of fruit products and expanded into steel and building materials, contributing to revenue growth[37] - Main business revenue from the fruit industry increased by 66.72% year-on-year, amounting to 91,161,714.90 yuan, driven by higher sales volume[47] - The revenue from fruit processing decreased by 58.05% year-on-year, totaling 39,162.40 yuan, due to a significant drop in fruit wine sales[47] - The company reported a 100% increase in sales revenue from steel and building materials, totaling 4,682,489.12 yuan and 12,624,956.04 yuan respectively[48] Assets and Liabilities - The total assets decreased by 8.26% to CNY 303.54 million at the end of 2013, down from CNY 330.85 million at the end of 2012[24] - The total liabilities decreased significantly from CNY 66,342,837.38 to CNY 15,196,667.07, a reduction of about 77.1%[186] - The total equity attributable to shareholders increased to CNY 288,292,821.08 from CNY 282,934,468.62, showing a slight increase of approximately 1.3%[186] - The company's total non-current assets amounted to CNY 183,952,442.26, down from CNY 194,019,263.56, indicating a decrease of approximately 5.3%[181] Cash Flow - The company reported a cash flow from operating activities of -CNY 50,266.37, indicating continued cash flow challenges[24] - The company's cash flow from operating activities was negative at CNY -50,266.37, showing a 99.89% increase in cash outflow compared to the previous year[36] - The net cash flow from operating activities was -50.3 thousand yuan, with cash inflows of 157,825.4 thousand yuan and outflows of 157,875.7 thousand yuan[43] - The net cash flow from investing activities was 9,233.3 thousand yuan, primarily from cash received from asset disposals[43] - The net cash flow from financing activities was -30,420.0 thousand yuan, mainly due to the repayment of bank loans and interest[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,140, an increase from 16,917 in the previous reporting period[115] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., holds 37,255,813 shares, representing 25.22% of the total shares[115] - There were no changes in the company's share capital due to stock issuance or other reasons during the reporting period[112] - The company reported a total of 147,706,873 shares, with 100% being unrestricted circulating shares[108] Internal Control and Governance - The company has established a comprehensive internal control system to protect the rights and interests of shareholders and creditors[78] - The company has established and revised several internal control and information disclosure management systems to enhance risk management and ensure accurate and timely information disclosure[149] - The company strictly implemented the Insider Information Management System, with no instances of insider trading detected during the reporting period[150] - The company maintained its independence and autonomous operational capabilities throughout the reporting period, with no issues reported regarding its relationship with the controlling shareholder[168] Operational Challenges and Future Plans - The company plans not to distribute profits or increase capital reserves for the year 2013[3] - The company aims to improve asset profitability and operational efficiency through better management of production bases[63] - The company will focus on market risk control and expand its sales network to increase main business revenue[64] - The company recognizes potential risks from macroeconomic fluctuations, natural disasters, financial pressures, human resources, and management challenges[70][71][72][73][74] Employee and Management Information - The total remuneration for the board members and senior management during the reporting period amounted to 77.88 million (before tax)[129] - The company employed a total of 66 staff members, including 64 in the parent company and 2 in major subsidiaries[141] - The company has established a training mechanism to enhance employee skills and responsibility, focusing on internal control and corporate culture[143] - The company has appointed new independent directors and financial directors as part of the board restructuring[138]