新疆库尔勒香梨股份有限公司 2016 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 香梨股份 XINJIANG KORLA PEAR CO.,LTD 2016 年第一季度报告 公司代码：600506 公司简称：香梨股份 2016 年第一季度报告 香梨股份 XINJIANG KORLA PEAR CO.,LTD 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人刘赟东、主管会计工作负责人丁元成及会计机构负责人（会计主管人员）郭建 生保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 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 | | | --- ...

Financial Performance - Operating revenue decreased by 34.83% to CNY 47,592,366.94 for the period from January to September[6] - Net profit attributable to shareholders was a loss of CNY 4,292,637.17, improving from a loss of CNY 7,134,979.43 in the same period last year[6] - Basic earnings per share were -0.0291, compared to -0.0483 in the same period last year[7] - Total revenue for the third quarter was CNY 4,477,064.14, a significant decrease from CNY 26,009,249.95 in the same period last year[32] - Net loss for the third quarter was CNY 2,537,790.39, compared to a loss of CNY 519,543.44 in the same period last year[33] - Net profit for the first nine months of 2015 was CNY -4,302,292.66, compared to CNY -6,693,619.25 in the same period last year, indicating an improvement[35] - Total comprehensive income for Q3 2015 was CNY -2,541,227.85, compared to CNY -360,139.62 in Q3 2014[36] Cash Flow - Cash flow from operating activities generated CNY 27,242,424.20, a significant improvement from a negative cash flow of CNY 721,348.89 in the previous year[6] - Cash inflow from operating activities totaled CNY 66,303,851.42 in Q3 2015, compared to CNY 126,959,759.21 in the same period last year[39] - Operating cash inflow for the first nine months was CNY 116,293,495.93, a decrease of 7.99% compared to CNY 126,300,514.01 in the previous year[42] - Net cash flow from operating activities was CNY 77,232,768.71, a significant improvement from a net outflow of CNY 534,393.70 in the same period last year[42] - Cash received from other operating activities was CNY 51,785,055.93, a substantial increase from CNY 3,276,059.06 in the previous year[42] Assets and Liabilities - Total assets increased by 2.15% to CNY 293,984,055.54 compared to the end of the previous year[6] - The company's total liabilities reached RMB 26,466,196.25, up from RMB 15,978,036.82, marking an increase of approximately 65.5%[25] - Total current liabilities rose significantly to RMB 15,648,196.25 from RMB 5,160,036.82, indicating an increase of about 203.5%[24] - The company's total equity decreased to RMB 267,517,859.29 from RMB 271,810,496.46, reflecting a decline of about 1.6%[25] - Inventory decreased to RMB 30,660,636.48 from RMB 42,654,675.98, a reduction of approximately 28.2%[23] Shareholder Information - The total number of shareholders reached 12,912 at the end of the reporting period[11] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., holds 23.88% of the shares[11] Legal Matters - The company is involved in ongoing litigation regarding the recovery of RMB 2.5 million in advance payments from Yingxiaer Cotton Industry Co., Ltd[17] - The company has initiated legal proceedings against two horticultural farms for unpaid management fees totaling RMB 4 million[18] - Six contractors have appealed a court ruling requiring them to pay 2014 orchard rental fees, with ongoing litigation[19] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to increase its shareholding in Xinjiang Korla Pear Co., Ltd. by no less than RMB 10 million starting from July 9, 2015[21] - The company committed to maintaining the independence of its operations and assets post-equity changes, ensuring no competition with listed companies[21] - The company will minimize related party transactions and ensure fair pricing in necessary transactions[21] Cost Management - Operating costs decreased by 38.36% to RMB 42,457,032.54 from RMB 68,877,051.28, also due to reduced fruit sales volume[15] - Sales expenses for the first nine months of 2015 were CNY 1,774,818.47, a decrease from CNY 2,112,947.72 in the same period last year[35] - Management expenses for the first nine months of 2015 were CNY 7,426,089.77, down from CNY 9,111,327.69 in the same period last year[35]

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 43,115,302.80, a decrease of 8.3% compared to CNY 47,015,909.05 in the same period last year[19]. - The net profit attributable to shareholders was a loss of CNY 1,754,846.78, an improvement of 73.78% compared to a loss of CNY 6,693,543.87 in the previous year[23]. - The main business income was CNY 42,987,400, a decrease of 4.51% year-on-year[23]. - The net cash flow from operating activities was CNY 43,737,355.37, down 13.38% from CNY 50,492,984.07 in the previous year[19]. - The company reported a net loss of CNY 1,754,846.78 for the period, compared to a loss of CNY 1,200,000 in the previous period[68]. - The total operating revenue for the first half of 2015 was CNY 43,115,302.80, a decrease of 8.1% compared to CNY 47,015,909.05 in the same period last year[74]. - The company reported a decrease in sales expenses to CNY 1,189,394.10, down 8.0% from CNY 1,608,313.96 year-on-year[74]. - Management expenses were reduced to CNY 4,960,284.67, a decrease of 29.1% compared to CNY 7,012,043.19 in the previous year[74]. - The company reported a total comprehensive income loss of RMB 6,333,479.63 for the current period[93]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 285,505,963.06, a decrease of 0.79% from CNY 287,788,533.28 at the end of the previous year[19]. - The company's current assets totaled CNY 74,872,260.49, compared to CNY 72,693,309.02 at the start of the period, indicating an increase of approximately 3%[67]. - Total liabilities decreased to CNY 15,450,313.38 from CNY 15,978,036.82, a reduction of about 3.3%[68]. - The company's equity attributable to shareholders was CNY 270,055,649.68, down from CNY 271,810,496.46, indicating a decrease of approximately 0.6%[68]. - The total non-current assets were CNY 210,633,702.57, down from CNY 215,095,224.26, reflecting a decrease of approximately 2.1%[67]. - Total liabilities increased to CNY 20,450,313.38 from CNY 15,978,036.82, reflecting a rise of 28.9%[72]. - The total equity decreased slightly to CNY 270,052,584.18 from CNY 271,813,648.99, a decline of 0.65%[72]. Operational Challenges - The company faced significant challenges due to natural disasters and market price declines, impacting orchard revenues and rental fee collections[22]. - The company initiated a real estate development project in response to the ongoing downturn in the real estate market in Korla[22]. - The company is actively expanding sales channels through e-commerce platforms despite a decrease in main product sales volume[22]. Revenue and Cost Management - The company reported a 15.63% decrease in operating costs, primarily due to lower acquisition prices and reduced fruit sales[25]. - The company achieved a 100% increase in revenue from deep processing of fruits (fruit wine) to CNY 74,488.89, with corresponding costs also rising by 100% to CNY 19,184.18[31]. - Revenue from fruit products decreased by 4.61% to CNY 42,912,901.17, while costs dropped by 13.19% to CNY 38,209,552.50, resulting in an increase in gross margin by 8.81 percentage points[31]. Shareholder and Equity Changes - The controlling shareholder, Xinjiang Rongsheng Investment Co., Ltd., reduced its shareholding by 1,477,100 shares, accounting for 1% of the total share capital, leaving it with 35,778,713 shares, or 24.22% of the total[54]. - On July 1, 2015, Xinjiang Rongsheng Investment Co., Ltd. further reduced its shareholding by 500,698 shares, representing 0.34% of the total share capital, resulting in a new holding of 35,278,015 shares, or 23.88%[54]. - The top ten shareholders include Xinjiang Rongsheng Investment Co., Ltd. with 24.22% and China Construction Bank with 2.00%[58]. - The company reported no changes in total share capital during the reporting period[54]. Legal and Compliance Matters - The company has received 7.5 million CNY back from the cotton supplier, with 2.5 million CNY still outstanding, leading to a lawsuit for the remaining amount plus interest of 150,000 CNY[46]. - The company has initiated legal proceedings against two horticultural farms for a total of 4 million CNY in management fees that have not been paid[47]. - The company has appointed Zhongxing Caiguanghua Accounting Firm for annual auditing at a fee of 200,000 CNY and Ruihua Accounting Firm for internal control auditing at a fee of 100,000 CNY[50]. Accounting Policies and Financial Reporting - There were no significant changes in accounting policies or estimates during the reporting period[53]. - The company has not reported any major errors or corrections in its financial statements[53]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[101]. - The company's accounting period runs from January 1 to December 31 each year[102]. Cash Flow and Liquidity - Cash and cash equivalents increased significantly to CNY 56,550,617.16 from CNY 12,775,365.79, representing a growth of over 343%[66]. - The cash inflow from operating activities was CNY 49,626,466.52, a decrease of 23.5% compared to CNY 64,910,997.01 in the previous period[80]. - The cash outflow for purchasing goods and services was CNY 602,363.04, significantly lower than CNY 5,718,221.11 in the previous period[80]. - The cash and cash equivalents at the end of the period totaled CNY 56,550,617.16, down from CNY 103,978,496.87 at the end of the previous period[81]. Inventory and Receivables - Inventory decreased to CNY 7,252,497.47 from CNY 42,654,675.98, reflecting a decline of approximately 83%[67]. - Accounts receivable dropped to CNY 36,727.10 from CNY 484,816.25, a decline of about 92%[66]. - The company has a significant concentration of accounts receivable, with the top two debtors accounting for 86.13% of total receivables[190]. - The provision for bad debts for the current period is 455,208.53 CNY, with no recoveries or reversals during the same period[199].

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]