01 龙头股份 2024 年环境、社会和公司治理报告 目录 CONTENTS | 报告编制说明 | 02 | | --- | --- | | 董事长致辞 | 04 | | 关于龙头股份 | 05 | | 亮点绩效 | 08 | | 年度荣誉 | 09 | | ESG 管理 | 10 | | ESG 数据表和附注 | 51 | | 对标索引表 | 53 | | 合规筑基 稳健发展 | | | --- | --- | | 党建引领 | 14 | | 公司治理 | 15 | | 合规及风险管理 | 18 | | 商业道德 | 20 | | 信息安全 | 21 | | 低碳践行 绿动未来 | | | --- | --- | | 应对气候变化 | 33 | | 绿色生产 | 35 | | 环境合规管理 | 36 | | 污染物与废弃物管理 | 38 | | 水资源利用 | 39 | | 能源利用 | 40 | | 匠心传承 铸就品质 | | | --- | --- | | 创新驱动 | 23 | | 产品质量 | 26 | | 供应商管理 | 28 | | 客户服务 | 30 | | 负责任营销 | 31 | | 温情 ...

上海龙头（集团）股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司代码：600630 公司简称：龙头股份 上海龙头（集团）股份有限公司 2024年度内部控制评价报告 □是 √否 根据公司非财务报告内部控制重大缺陷认定情况，于内部控制评价报告基准日，公司未发现非财务 报告内部控制重大缺陷。 4. 自内部控制评价报告基准日至内部控制评价报告发出日之间影响内部控制有效性评价结论 ...

二、关于公司对东方国际集团财务有限公司的风险持续评估报告的审查意见 经审核,我们认为:财务公司具有合法有效的《金融许可证》《营业执照》, 建立了较为完整合理的内部控制制度,资产负债比例等监管指标均符合中国银行 保险监督管理委员会(现国家金融监督管理总局)颁布的《企业集团财务公司管 理办法》的规定,公司与财务公司之间开展存贷款金融服务业务的风险可控,不 存在损害股东利益尤其是中小股东利益的情况。同意该项议案提交公司董事会审 议。 上海龙头(集团) 股份有限公司 第十一届董事会独立董事专门委员会第三次 会议专项意见 上海龙头(集团)股份有限公司第十一届董事会独立董事专门委员会第三次 会议于 2025年4月23日在上海市浦东新区康梧路 555 号召开。应到 3 位独立董 事专门委员会委员,实到3位独立董事专门委员会委员。本次会议的召开符合《上 市公司独立董事管理办法》及《公司章程》《独立董事专门会议工作细则》等相 关法律、法规和规范性文件的有关规定,会议合法有效。经全体独立董事讨论, 对本次会议审议事项发表如下审查意见: 一、关于 2024年年度利润分配预案的审查意见 经审核,我们认为:2024年度利润分配预案综合 ...

关于公司对东方国际集团财务有限公司 风险持续评估报告 根据中国证监会、上海证券交易所等监管部门的最新监管要求, 上海龙头(集团)股份有限公司(以下简称"公司")就东方国际集团 财务有限公司(以下简称"集团财务公司")风险进行持续评估,具 体情况如下: 一、东方国际集团财务有限公司基本情况 集团财务公司是公司控股股东东方国际(集团)有限公司的控股 子公司,经上海银保监局批准设立,2017年12月15日在上海市市场 监督管理局完成注册登记。 集团财务公司法定代表人季胜君,注册地址:上海市长宁区虹桥 路 1488号 3 号楼,企业类型:有限责任公司(国有控股),统一社会 信用代码:91310000MA1FL4UX9N,金融许可证编号:00855052,机构 编码:L0260H231000001,注册资本:100,000万元,经营范围:许可 项目:企业集团财务公司服务。【依法须经批准的项目,经相关部门 批准后方可开展经营活动,具体经营项目以相关部门批准文件或许可 证为准】。 二、东方国际集团财务有限公司内部控制基本情况 (一) 制度建设工作 2024年,集团财务公司严格落实业务发展、制度先行的理念,结 合公司"三重一 ...

证券代码：600630 证券简称：龙头股份 公告编号：临 2025-008 上海龙头(集团)股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 05 月 20 日 （星期二） 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 13 日 （星期二） 至 05 月 19 日 （星 期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱（ltdsh@shanghaidragon.com.cn）进行提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 上海龙头(集团)股份有限公司（以下简称"公司"）已于 2025 年 4 月 29 日发布公司 2024 年度报告和 2025 年第一季度报告，为便于 广大投资者更全面深入地了解公司 ...

证券代码：600630 股票简称：龙头股份 编号：临 2025-005 上海龙头（集团）股份有限公司 关于会计政策变更的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 本次会计政策变更系根据中华人民共和国财政部（以下简称"财政部"）发 布的《企业会计准则解释第 17 号》的相关规定进行的相应变更，无需提交公司 董事会和股东大会审议，不会对公司财务状况、经营成果和现金流量产生重大影 响。 一、本次会计政策变更概述 （一）会计政策变更的主要内容与原因 执行财政部颁布的《企业会计准则解释第 17 号》(财会 [2023] 21 号) (以 下简称"解释第 17 号") 中"关于流动负债与非流动负债的划分"的规定。 根据解释第 17 号的规定，本公司在对负债的流动性进行划分时，仅考虑本 公司在资产负债表日是否有将负债清偿推迟至资产负债表日后一年以上的实质 性权利 (以下简称"推迟清偿负债的权利")，而不考虑本公司是否有行使上述 权利的主观可能性。 对于本公司贷款安排产生的负债，如果本公司推迟清偿负债的权利取 ...

上海龙头(集团)股份有限公司 董事会审计委员会 对会计师事务所 2024年度履职情况的评估报告 根据《国有企业、上市公司选聘会计师事务所管理办法》《关于上 市公司做好选聘会计师事务所工作的提醒》等法律法规及相关要求, 公司董事会审计委员会充分履行监督职责,对毕马威华振会计师事务 所(特殊普通合伙) 2024年度审计过程中的履职情况报告如下: 一、会计师事务所基本情况 毕马威华振会计师事务所于 1992年8月18目在北京成立,于2012 年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业,更名为 毕马威华振会计师事务所(特殊普通合伙)(以下简称"毕马威华振"), 2012年7月10日取得工商营业执照,并于2012年8月1日正式运营。 毕马威华振总所位于北京,注册地址为北京市东城区东长安街 1 号东方广场东 2 座办公楼 8 层。 毕马威华振的首席合伙人邹俊,中国国籍,具有中国注册会计师 资格。 于 2024年 12月 31日,毕马威华振有合伙人 241人,注册会计师 1,309 人,其中签署过证券服务业务审计报告的注册会计师超过 300 人。 毕马威华振 2023年经审计的业务收入总额超过人民币 41 ...

上海龙头(集团)股份有限公司 对会计师事务所 2024 年度履职情况评估报告 根据《国有企业、上市公司选聘会计师事务所管理办法》《关于上市公司做好 选聘会计师事务所工作的提醒》等法律法规及相关要求,公司对毕马威华振会计 师事务所(特殊普通合伙)2024年审计过程中的履职情况报告如下: 一、会计师事务所基本情况 毕马威华振会计师事务所于 1992年 8月 18 日在北京成立,于 2012年 7 月 5 日获财政部批准转制为特殊普通合伙的合伙制企业,更名为毕马威华振会计师事 务所(特殊普通合伙)(以下简称"毕马威华振"),2012年7月10日取得工商营 业执照,并于2012年8月1日正式运营。 毕马威华振总所位于北京,注册地址为北京市东城区东长安街1号东方广场 东2 座办公楼 8 层。 毕马威华振的首席合伙人邹俊,中国国籍,具有中国注册会计师资格。 于 2024年 12月 31日,毕马威华振有合伙人 241人,注册会计师 1,309人, 其中签署过证券服务业务审计报告的注册会计师超过300人。 毕马威华振 2023年经审计的业务收入总额超过人民币 41 亿元,其中审计业 务收入超过人民币 39亿元(包括境内法定证 ...

Financial Performance - In 2024, the company achieved a net profit attributable to shareholders of 39,991,769.18 yuan, a significant increase of 150.76% compared to 15,948,026.20 yuan in 2023[24]. - The company's operating revenue for 2024 was 1,770,362,318.86 yuan, showing a slight decrease of 0.41% from 1,777,664,193.05 yuan in 2023[24]. - The net cash flow from operating activities was 203,864,897.39 yuan, a marginal increase of 0.08% compared to 203,708,833.96 yuan in the previous year[24]. - The total assets at the end of 2024 were 1,662,836,415.80 yuan, representing a decrease of 4.86% from 1,747,686,645.49 yuan at the end of 2023[25]. - The net assets attributable to shareholders increased by 5.89% to 755,077,420.91 yuan from 713,080,753.69 yuan in 2023[25]. - The company's basic earnings per share for 2024 is CNY 0.09, a 125% increase compared to CNY 0.04 in 2023[26]. - The net profit attributable to shareholders for 2024 is CNY 0.40 billion, representing a 151% year-on-year growth[33]. - The company's weighted average return on equity increased to 5.45% in 2024, up 3.19 percentage points from 2.26% in 2023[26]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.38 yuan per 10 shares, totaling 15,996,707.67 yuan, which is 40% of the net profit attributable to shareholders[6]. - The company reported an unallocated profit of 57,301,723.67 yuan available for distribution to shareholders at the end of 2024[6]. Revenue Breakdown - The total revenue for the fourth quarter of 2024 reached CNY 552.18 million, with a quarterly revenue breakdown of CNY 463.01 million in Q1, CNY 376.67 million in Q2, and CNY 378.50 million in Q3[28]. - The company achieved a total revenue of 1.77 billion RMB in the reporting period, with a main business income of 1.60 billion RMB, and a net profit attributable to shareholders of 40 million RMB, representing a 151% increase year-on-year[45]. - The main business revenue decreased by 1.16% year-on-year, while the main business cost increased by 0.26%[49]. Market and Product Development - The company launched differentiated products, including high-performance knitted garments for astronauts, which received market recognition[33]. - The company has expanded its international trade operations, with significant market presence in Europe, North America, Africa, and Latin America, and is actively promoting its brands through cross-border e-commerce[39]. - The company has established a dual-channel marketing strategy, covering major online platforms such as Tmall, Taobao, and JD, while also expanding into lower-tier markets[40]. - The company has invested in product innovation, launching upgraded products like Ice Spring Cotton and Duorong Cotton, and has a stable R&D team capable of developing thousands of products annually[42]. Operational Efficiency and Cost Management - The company is focusing on optimizing supply chain management to reduce costs and improve efficiency[34]. - The company has built an agile supply chain system that integrates business flow, information flow, logistics, and capital flow, enhancing its core competitiveness[44]. - The company reported a 21.27% increase in financial expenses, primarily due to reduced exchange gains[47]. Risk Management and Future Outlook - The company has outlined potential risks in its future development in the management discussion and analysis section[9]. - The company faces risks including a slowdown in industry growth, intense market competition, and rising raw material costs, which could impact profit margins[83]. - Future outlook suggests a commitment to innovation and potential market acquisitions to drive growth[92]. Corporate Governance and Management - The company has established a robust internal control system to ensure compliance with legal and regulatory requirements, enhancing governance standards[87]. - The company held three shareholder meetings during the reporting period, including the approval of the 2023 financial budget and profit distribution plan[90]. - The company is committed to maintaining transparency in information disclosure, ensuring all shareholders have equal access to company information[87]. Environmental and Social Responsibility - The company invested ¥641.3 million in environmental protection during the reporting period[128]. - The company has implemented a "biochemical + physical-chemical" wastewater treatment process to ensure compliance with environmental standards[131]. - The company has invested a total of 21.70 million yuan in public welfare projects, including 21 million yuan in cash donations[137]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 73,295, an increase from 67,430 at the end of the previous month[175]. - The largest shareholder, Shanghai Textile (Group) Co., Ltd., holds 30.08% of the shares, totaling 127,811,197 shares[178]. - The company has no shareholders with pledged, marked, or frozen shares, indicating a stable ownership structure[178].

[Major Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section outlines the company's key financial data, performance indicators, and their significant changes [Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2025, revenue slightly increased to 465 million yuan, while net profit attributable to shareholders decreased, though non-recurring adjusted net profit rose significantly, with operating cash flow turning negative Key Financial Indicators for Q1 2025 | Indicator | Current Period | Prior Year Period | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 464,901,388.04 | 463,011,984.77 | 0.41% | | Net Profit Attributable to Shareholders (Yuan) | 18,152,056.88 | 18,724,475.06 | -3.06% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan) | 17,922,055.17 | 14,354,583.63 | 24.85% | | Net Cash Flow from Operating Activities (Yuan) | -6,845,423.59 | 39,715,388.12 | -117.24% | | Basic Earnings Per Share (Yuan/Share) | 0.04 | 0.04 | 0.00% | | Weighted Average Return on Net Assets (%) | 2.38% | 2.59% | Decrease of 0.21 percentage points | | Total Assets (Yuan) | 1,539,817,445.21 | - | -7.40% (vs. end of previous year) | | Total Equity Attributable to Shareholders (Yuan) | 773,350,478.69 | - | 2.42% (vs. end of previous year) | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%BA%8C%29%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) During the reporting period, total non-recurring gains and losses amounted to 0.23 million yuan, primarily from government grants and other non-operating income/expenses, with minimal impact on current net profit Details of Non-recurring Gains and Losses for Q1 2025 | Non-recurring Gains and Losses Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -37,015.36 | | Government Grants Included in Current Profit/Loss | 129,768.16 | | Other Non-operating Income and Expenses | 150,044.50 | | Less: Income Tax Impact | 12,795.59 | | **Total** | **230,001.71** | [Analysis of Changes in Key Financial Indicators and Reasons](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Several key financial indicators showed significant changes during the period, with substantial decreases in receivables and payables due to reduced bank acceptance bill business, a 56.33% increase in financial expenses from exchange losses, and a 117.24% decline in net operating cash flow Changes in Key Financial Indicators and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Notes Receivable | -95.38 | Primarily due to a decrease in bank acceptance bills received | | Receivables Financing | -100.00 | Primarily due to a decrease in bank acceptance bills held | | Notes Payable | -100.00 | Primarily due to a decrease in bank acceptance bills payable | | Financial Expenses | 56.33 | Primarily due to increased exchange losses | | Net Cash Flow from Operating Activities | -117.24 | Primarily due to decreased net sales proceeds and increased procurement payments | | Net Cash Flow from Investing Activities | -257.33 | Primarily due to decreased disposal of fixed assets | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section details the company's shareholder structure, including the total number of shareholders and the holdings of the top ten shareholders [Total Number of Shareholders and Shareholding of Top Ten Shareholders](index=3&type=section&id=%E4%BA%8C%E3%80%81%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 67,430 common shareholders, with Shanghai Textile (Group) Co., Ltd. as the stable controlling shareholder at 30.08%, while other top ten shareholders hold less than 1%, indicating dispersed equity - As of the end of the reporting period, the company had **67,430** common shareholders[9](index=9&type=chunk) Shareholding of Top Ten Shareholders | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | :--- | | Shanghai Textile (Group) Co., Ltd. | State-owned Legal Person | 127,811,197 | 30.08 | | Industrial and Commercial Bank of China Co., Ltd. - CSI Shanghai State-owned Enterprise ETF | Other | 3,627,225 | 0.85 | | Lu Mingfu | Domestic Natural Person | 2,723,300 | 0.64 | | Shanghai Nanshanghai Commercial Real Estate Co., Ltd. | Other | 2,160,000 | 0.51 | | Chu Min | Domestic Natural Person | 1,658,800 | 0.39 | [Other Reminders](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) This section addresses any other significant information requiring investor attention during the reporting period [Important Information Requiring Investor Attention](index=4&type=section&id=%E4%B8%89%E3%80%81%E9%9C%80%E6%8F%90%E9%86%92%E6%8A%95%E8%B5%84%E8%80%85%E5%85%B3%E6%B3%A8%E7%9A%84%E9%87%8D%E8%A6%81%E4%BF%A1%E6%81%AF) The company confirms no other significant operational information requires special investor attention during this reporting period - The company confirms no other significant operational information requires investor attention during the reporting period[11](index=11&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited quarterly financial statements, including the balance sheet, income statement, and cash flow statement [Type of Audit Opinion](index=4&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%29%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) The financial statements for this quarter are unaudited - The company's Q1 2025 financial statements are unaudited[11](index=11&type=chunk) [Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%28%E4%BA%8C%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's unaudited consolidated balance sheet, income statement, and cash flow statement for Q1 2025, reflecting its financial position, operating results, and cash flows [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2025, total assets were 1.54 billion yuan, a 7.40% decrease from year-end, while total liabilities decreased by 15.89% to 0.748 billion yuan, and equity attributable to shareholders increased by 2.42% to 0.773 billion yuan Consolidated Balance Sheet Summary (March 31, 2025) | Item | March 31, 2025 (Yuan) | December 31, 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,539,817,445.21 | 1,662,836,415.80 | -7.40% | | Total Liabilities | 747,839,718.86 | 889,157,287.48 | -15.89% | | Total Equity Attributable to Parent Company Shareholders | 773,350,478.69 | 755,077,420.91 | 2.42% | | Total Liabilities and Equity | 1,539,817,445.21 | 1,662,836,415.80 | -7.40% | [Consolidated Income Statement](index=7&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2025, the company achieved 465 million yuan in operating revenue, a 0.41% increase, with total operating costs decreasing by 0.75% to 442 million yuan, resulting in a net profit attributable to parent company shareholders of 18.15 million yuan, down 3.06% Consolidated Income Statement Summary (Q1 2025) | Item | Q1 2025 (Yuan) | Q1 2024 (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 464,901,388.04 | 463,011,984.77 | 0.41% | | II. Total Operating Costs | 442,422,973.03 | 445,782,236.01 | -0.75% | | III. Operating Profit | 23,108,417.35 | 19,706,269.56 | 17.26% | | IV. Total Profit | 23,246,526.67 | 23,039,783.68 | 0.90% | | V. Net Profit | 18,177,597.13 | 19,401,352.58 | -6.31% | | Net Profit Attributable to Parent Company Shareholders | 18,152,056.88 | 18,724,475.06 | -3.06% | [Consolidated Cash Flow Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2025, net cash flow from operating activities was -6.85 million yuan, a 117.24% decrease year-on-year due to reduced sales collections and increased procurement, with investing and financing activities also showing net outflows, leading to a period-end cash and cash equivalents balance of 421 million yuan Consolidated Cash Flow Statement Summary (Q1 2025) | Item | Q1 2025 (Yuan) | Q1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -6,845,423.59 | 39,715,388.12 | | Net Cash Flow from Investing Activities | -151,472.47 | 96,274.94 | | Net Cash Flow from Financing Activities | -53,152,235.96 | -38,884,906.69 | | Net Increase in Cash and Cash Equivalents | -60,156,877.53 | 1,453,870.53 | | Cash and Cash Equivalents at Period End | 421,295,511.50 | 430,621,046.39 | [Adjustments for First-time Adoption of New Accounting Standards](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%89%29%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4) The company did not adjust its opening financial statements due to the first-time adoption of new accounting standards or interpretations during the reporting period - The company states that no adjustments were made to the opening financial statements for the first year of adoption of new accounting standards or interpretations starting from 2025[25](index=25&type=chunk)