Financial Performance - The company's operating revenue for Q1 2023 was ¥58,746,772.55, a decrease of 91.12% compared to ¥661,359,795.09 in the same period last year[5] - The net profit attributable to shareholders was -¥6,409,117.18, compared to a profit of ¥770,691.28 in Q1 2022, reflecting a decline of 754.12%[6] - The company's basic earnings per share were -¥0.028, a decrease of 800% from ¥0.003 in the same period last year[6] - The net loss for Q1 2023 was CNY 6,409,665.20, compared to a net profit of CNY 1,548,604.40 in Q1 2022[30] - The company reported an operating profit of -6,135,225.90 for Q1 2023, down from CNY 3,373,141.51 in the same period last year[29] Cash Flow - The cash flow from operating activities showed a positive net amount of ¥39,039,174.35, a significant recovery from -¥36,733,387.98 in the previous year[14] - In Q1 2023, the net cash flow from operating activities was ¥39,039,174.35, a significant improvement compared to a net cash outflow of ¥36,733,387.98 in Q1 2022[32] - Total cash inflow from operating activities was ¥63,135,994.46, while cash outflow was ¥24,096,820.11, resulting in a positive cash flow[32] - The net increase in cash and cash equivalents for the quarter was ¥39,039,174.35, compared to a net decrease of ¥47,824,723.54 in Q1 2022[33] - The ending balance of cash and cash equivalents was ¥99,657,065.59, a significant increase from ¥12,325,221.24 at the end of Q1 2022[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥419,336,952.42, representing a 4.84% increase from ¥399,991,671.30 at the end of the previous year[6] - Total liabilities rose to CNY 104,849,949.85, up from CNY 79,101,000.75 in the previous year[25] - The company's equity attributable to shareholders decreased to CNY 280,050,489.68 from CNY 286,450,418.07 year-over-year[25] Expenses and Costs - Management expenses increased by 124.88% to ¥6,148,311.61, primarily due to an increase in personnel costs[13] - Total operating costs for Q1 2023 were CNY 64,141,389.40, compared to CNY 658,483,816.13 in Q1 2022[29] - The company incurred management expenses of CNY 6,148,311.61 in Q1 2023, significantly higher than CNY 2,734,034.34 in Q1 2022[29] Investment and Financing - The company reported a significant reduction in investment income, with a loss of -¥878,822.47 compared to -¥390,000.00 in the previous year[13] - The company’s short-term borrowings rose to ¥21,374,608.40, an increase of 968.73% from ¥2,000,000.00 at the beginning of the period[11] - Cash outflow from financing activities totaled ¥16,326,594.37, which included ¥5,994,500.00 for debt repayment and ¥10,332,094.37 for dividend distribution[33] Shareholder Information - The company reported a total of 24,955 ordinary shares outstanding at the end of the reporting period[16] - The largest shareholder, Zhonggeng Real Estate Group Co., Ltd., holds 81,929,600 shares, representing 35.57% of the total shares, all of which are pledged or frozen[17] Business Strategy and Transformation - The company has undergone a business transformation, leading to a significant reduction in both revenue and costs associated with its large-scale operations[13] - The company has established a strategic development direction focusing on the "dual carbon" industry, initially targeting the construction and operation of electric vehicle charging infrastructure[18] - The company plans to sign strategic cooperation agreements with partners for the installation and management of public charging equipment for electric vehicles[18] - The company has initiated a strategic cooperation framework with its controlling shareholder and other partners for electric vehicle services[18] Legal Matters - The company is involved in a significant lawsuit concerning a business contract dispute, with the amount in question being ¥55,275,000[20] Changes and Updates - The company changed its name from "Fujian Oriental Silver Star Investment Co., Ltd." to "Gengxing Energy Group Co., Ltd." during the reporting period[19] - The company did not apply new accounting standards or interpretations for the first time in 2023[34]

Financial Performance - The company achieved a net profit of ¥25,234,293.71 for the year 2020, with a net profit attributable to shareholders of ¥21,281,529.09, reflecting a 9.76% increase compared to 2019[4]. - Operating revenue for 2020 was ¥2,694,389,207.18, representing a 32.09% increase from ¥2,039,782,445.60 in 2019[22]. - Basic earnings per share for 2020 were ¥0.119, a 10.19% increase from ¥0.108 in 2019[23]. - The weighted average return on equity was 10.02% for 2020, slightly down from 10.09% in 2019[23]. - The company reported a decrease of 34.00% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥7,225,819.50[22]. - The company reported a net profit attributable to ordinary shareholders of RMB 21,324,157.10 for the year 2020, with a cash dividend distribution of 0[80]. - The company did not propose a cash profit distribution plan despite having a positive profit for the reporting period[80]. - The company reported a significant increase in sales revenue from cash received for goods sold, rising to ¥2,728,724,814.59 from ¥2,290,147,527.96, which is an increase of approximately 19%[167]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥94,586,235.99 in 2020, compared to a negative cash flow of ¥125,147,277.52 in 2019[22]. - The net cash flow from operating activities showed significant fluctuations, with -¥50.33 million in Q1, a positive ¥67.77 million in Q2, -¥47.28 million in Q3, and a strong recovery to ¥124.43 million in Q4[26]. - The net cash flow from operating activities increased to ¥94,586,235.99 from a negative ¥125,147,277.52 in the previous year, marking a significant turnaround[167]. - Cash inflow from operating activities totaled ¥2,739,516,273.33, up from ¥2,301,239,569.56, reflecting a growth of approximately 19%[167]. - Cash outflow from operating activities rose to ¥2,644,930,037.34 compared to ¥2,426,386,847.08, indicating an increase of about 9%[167]. - Cash and cash equivalents increased by 53.16% to ¥102,604,138.13, reflecting increased revenue and collections[59]. - The total cash and cash equivalents at the end of the period increased to ¥102,604,138.13 from ¥66,992,759.44, showing a rise of about 53%[168]. Capital Structure and Shareholder Information - The company plans to increase its share capital by 35,840,000 shares through a capital reserve transfer, raising the total share capital to 215,040,000 shares[4]. - The company increased its total share capital from 128,000,000 shares to 179,200,000 shares by issuing 51,200,000 new shares through a capital reserve conversion, representing a 40% increase[108]. - The largest shareholder, Zhonggeng Real Estate Group Co., Ltd., holds 57,344,021 shares, representing 32.00% of the total shares[114]. - The top five customers contributed ¥152,346.46 million, accounting for 56.54% of total annual sales, with related party sales making up 25.64%[50]. - The top five suppliers accounted for ¥144,971.19 million, representing 54.50% of total annual purchases, with related party purchases at 19.96%[51]. Operational Efficiency and Management - The company utilized digital and intelligent analysis tools to enhance operational efficiency and reduce management costs[40]. - Sales expenses decreased by 36.00% to ¥2,740,547.86 due to business structure optimization and personnel adjustments[53]. - Management expenses decreased by 28.11% to ¥12,291,715.42, attributed to similar reasons as sales expenses[53]. - The company has implemented a performance evaluation system to enhance employee efficiency and motivation[136]. - The management team has been strengthened with the appointment of experienced professionals from various sectors[125]. Market and Industry Outlook - The company focuses on supply chain management services for bulk commodities, particularly in the coal and natural gas sectors, aiming to enhance resource allocation and reduce transaction costs[32]. - The coal industry is undergoing transformation, with significant efforts to eliminate excess capacity and improve supply quality, while the natural gas sector is experiencing rapid growth[33]. - The overall market for bulk commodity supply chain management services in China is still developing, presenting both opportunities and challenges for the company[33]. - The government has set a target for carbon emissions to peak before 2030 and achieve carbon neutrality before 2060, which will drive the growth of the natural gas market[68]. Compliance and Governance - The company strictly adhered to environmental protection laws and regulations, with no violations or administrative penalties reported during the reporting period[102]. - The company actively fulfilled its social responsibilities, ensuring employee safety and health while complying with tax obligations[101]. - The company has not faced any penalties from securities regulatory authorities in the past three years[134]. - The company’s financial statements comply with the requirements of the accounting standards and reflect the financial position and operating results as of December 31, 2020[197]. Future Plans and Strategies - The company aims to enhance its competitive strength and expand its market operations due to its current low registered capital[4]. - The company plans to leverage its relationship with its controlling shareholder, Zhonggeng Group, to optimize customer resources and enhance financing channels[35]. - The company is focusing on the development of new products and technologies, with an investment of 6 million in R&D initiatives[125]. - Market expansion plans include entering three new regional markets by the end of 2021[126]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies[126].

Financial Performance - The company's operating revenue for the first half of 2022 reached RMB 1,337,540,274, representing a 46.95% increase compared to RMB 910,185,894.56 in the same period last year[22]. - Net profit attributable to shareholders of the listed company was RMB 4,560,428.77, an increase of 10.44% from RMB 4,129,261.91 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was RMB 3,383,117.33, which is a significant increase of 110.14% compared to RMB 1,609,919.47 in the same period last year[22]. - The net cash flow from operating activities was RMB 47,469,644.35, a recovery from a negative cash flow of RMB -49,622,035.88 in the previous year[22]. - Basic and diluted earnings per share for the first half of 2022 were both RMB 0.020, reflecting an increase of 11.11% from RMB 0.018 in the same period last year[20]. - The weighted average return on net assets was 1.68%, a decrease of 0.15 percentage points compared to 1.83% in the previous year[20]. - The company reported a total profit for the first half of 2022 of CNY 11,231,246.49, compared to CNY 8,884,810.52 in the previous year, indicating a year-over-year increase of about 26.5%[97]. - The operating profit for the first half of 2022 was CNY 11,427,747.42, up from CNY 8,821,687.67 in the same period of 2021, reflecting a growth of approximately 29.8%[97]. Asset and Liability Management - The total assets decreased by 10.89% to RMB 424,727,425.35 from RMB 476,612,183.06 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 4.05% to RMB 279,546,655.06 from RMB 268,665,105.42 at the end of the previous year[22]. - The total liabilities decreased from ¥170,977,357.35 to ¥110,901,214.48, reflecting a reduction of about 35%[90]. - The company's total equity attributable to shareholders was reported at ¥305,634,825.71, showing a slight increase from the previous year[108]. - The total liabilities of the company decreased to CNY 140,943,325.87, down from CNY 223,151,089.01 in the previous year, indicating improved financial stability[112]. Revenue and Cost Analysis - Total operating costs for the first half of 2022 were ¥1,328,037,871.44, compared to ¥905,405,247.45 in the first half of 2021, indicating an increase of about 46%[96]. - The company’s main business remains focused on coal (including coke) supply chain management, with no changes reported during the reporting period[26]. - The company’s sales prices for coking coal and coke products increased compared to the same period last year, contributing to a substantial rise in sales revenue[32]. Strategic Initiatives and Market Position - The company is actively exploring strategic transformations while maintaining stable growth in its core business[33]. - The company plans to continue expanding its market presence and exploring new opportunities for sustainable development[33]. - The company maintains long-term cooperative relationships with strategic partners, enhancing resource allocation and reducing transaction costs[30]. - The company is positioned to benefit from the ongoing transformation in the energy sector, which presents both opportunities and challenges for the coal supply chain management industry[29]. Challenges and Risks - The company faced challenges in market expansion and new business development due to multiple outbreaks of COVID-19 domestically[32]. - The company anticipates continued volatility in commodity prices due to macroeconomic uncertainties, including the ongoing COVID-19 pandemic and geopolitical conflicts[45]. - The company faces risks related to stricter environmental policies, which may lead to production limitations for its clients in high-energy-consuming industries[45]. - The company is experiencing a talent shortage in supply chain management, which could hinder its growth if not addressed[46]. Legal and Compliance Issues - The company faced a lawsuit from Henan Shangqiu First Thermal Power Plant regarding a loan contract dispute, with the claimed amount being ¥29,319,981.25, but the court ruled in favor of the company[64]. - The company has a pending lawsuit involving 55,275,000 RMB related to a contract dispute with Shanghai Nanying Petrochemical Co., which has not yet gone to trial[65]. - The company’s controlling shareholder, Zhonggeng Group, is listed as a "defendant" in a court case, with its shares currently pledged and frozen[67]. - The company strictly adhered to environmental protection laws and regulations, with no violations or administrative penalties reported during the period[58]. Shareholder and Capital Management - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[6]. - The company announced no profit distribution or capital reserve fund transfer plans for the half-year period, with no dividends or stock bonuses proposed[55]. - The company completed a non-public offering of 15,267,175 shares, raising a total of 99,999,996.25 RMB, with all funds utilized by December 31, 2021[73]. - The top shareholder, Zhonggeng Real Estate Group Co., Ltd., holds 81,929,600 shares, accounting for 35.57% of total shares, with 15,267,175 shares pledged[79]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with relevant accounting standards[127]. - The company applies the accounting treatment for business combinations under common control and non-common control, with specific measurement criteria for assets and liabilities[135][136]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[137]. - The company recognizes investment income based on the cash dividends or profits declared by the investee, adjusting the book value of the long-term equity investment accordingly[175].

Financial Performance - The company's operating revenue for Q1 2022 was ¥682,457,153.82, representing a 39.77% increase compared to ¥488,274,299.21 in the same period last year[3]. - The net profit attributable to shareholders decreased by 65.94% to ¥770,691.28 from ¥2,262,759.42 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 58.56% to ¥917,590.78 from ¥2,214,489.42 in the previous year[7]. - Net profit for Q1 2022 was ¥1,339,488.19, a decrease of 56.2% compared to ¥3,054,541.77 in Q1 2021[19]. - Basic earnings per share for Q1 2022 were ¥0.003, down from ¥0.013 in Q1 2021, indicating a decline of 76.9%[20]. Cash Flow - The cash flow from operating activities showed an improvement, with a net outflow of ¥36,733,387.98, a 39.61% reduction from the outflow of ¥60,825,036.09 in the same period last year[8]. - Cash inflow from operating activities in Q1 2022 was ¥673,830,300.19, significantly higher than ¥366,002,315.75 in Q1 2021[22]. - The net cash flow from operating activities was -$36.73 million, an improvement from -$60.83 million in the previous year[23]. - The ending balance of cash and cash equivalents decreased to $12.33 million from $79.11 million at the beginning of the period[24]. - The company reported a significant increase in cash payments to employees, totaling $2.87 million, up from $2.60 million[23]. - Cash payments for taxes amounted to $1.46 million, a decrease from $4.36 million in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period increased by 8.42% to ¥516,760,750.41 from ¥476,612,183.06 at the end of the previous year[4]. - The company's total liabilities as of Q1 2022 amounted to ¥214,815,430.87, compared to ¥170,977,357.35 in the previous year, reflecting a 25.6% increase[20]. - The total equity attributable to shareholders of the parent company was ¥269,435,796.70, slightly up from ¥268,665,105.42 in Q1 2021[17]. - The total liabilities and equity of the company as of Q1 2022 were ¥516,760,750.41, compared to ¥476,612,183.06 in the previous year, marking an 8.4% increase[17]. Accounts Receivable and Payable - Accounts receivable increased by 38.98% to ¥227,760,443.42, primarily due to increased sales during the reporting period[6]. - The company reported a significant increase in accounts payable, which rose by 158.32% to ¥56,464,759.17, indicating an increase in unpaid supplier invoices[6]. - Accounts receivable increased to ¥227,760,443.42 from ¥163,879,948.72, reflecting a growth of about 38.9%[15]. Operating Costs - The company's operating costs rose by 40.98% to ¥676,044,929.40, driven by increased procurement costs associated with sales growth[7]. - Total operating costs for Q1 2022 were ¥679,621,596.33, up 40.6% from ¥483,396,673.32 in Q1 2021[18]. Legal Matters - The company is involved in a significant lawsuit with an amount in dispute of ¥55,275,000 related to a business contract dispute[11]. - The company has a pending lawsuit involving a loan dispute amounting to ¥29,319,981.25, which was dismissed in the first instance[11]. Other Information - The company had no short-term loans at the end of the reporting period, down from ¥5,994,500.00 at the beginning of the year, as it repaid bank loans[5]. - Total number of common shareholders at the end of the reporting period is 35,523[10]. - The largest shareholder, Zhonggeng Real Estate Group, holds 81,929,600 shares, accounting for 35.57% of total shares[10]. - The company reported a cash balance of ¥12,325,221.24 as of March 31, 2022, down from ¥60,149,944.78 at the end of 2021[14]. - The company did not report any cash inflow from new investments or financing activities during the quarter[23]. - The company has no significant new product or technology developments reported in the current quarter[11]. - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[11].

Financial Performance - In 2021, the company reported a net profit of -50,022,363.49 RMB, a decrease of 334.58% compared to the previous year[6]. - The total revenue for 2021 was 1,612,323,345.83 RMB, representing a decline of 39.68% from 2,672,975,793.11 RMB in 2020[22]. - The net profit attributable to shareholders was -50,022,363.49 CNY, indicating a substantial loss due to credit impairment losses of 55,275,000 CNY[32]. - Basic and diluted earnings per share were both -0.227 CNY, representing a 344.09% decrease year-over-year[23]. - The company reported a significant decline in revenue, achieving 1,612,323,345.83 CNY, a decrease of 39.68% compared to the previous year[32]. - The company reported a net profit loss of CNY 50,022,363.49, a decline of 334.58% year-on-year[40]. - The company’s total assets decreased by 19.61% to 476,612,183.06 RMB from 592,841,422.89 RMB in 2020[22]. - The company’s total liabilities decreased to CNY 170,977,357.35 in 2021 from CNY 335,657,638.66 in 2020, a reduction of approximately 49%[183]. - The company reported a net loss of CNY 96,268,310.46 in 2021 compared to a net loss of CNY 46,245,946.97 in 2020, indicating a worsening of approximately 108%[183]. Cash Flow and Investments - The net cash flow from operating activities was -85,913,720.40 RMB, a decrease of 190.83% compared to the previous year[22]. - The net cash flow from operating activities was -60,825,036.09 CNY in the first quarter, highlighting cash flow difficulties[28]. - The company’s investment activities generated a net cash flow of CNY 19,814,495.06, a significant increase from the previous year[43]. - The company’s financing activities resulted in a net cash flow of ¥23,645,031.99, marking a 421.03% increase compared to the previous year[53]. - Cash inflows from operating activities decreased to 1,695,523,889.80 CNY in 2021 from 2,739,516,273.33 CNY in 2020, a drop of approximately 38%[194]. - The company raised 95,536,379.90 CNY through financing activities in 2021, compared to 307,520,000.00 CNY in 2020, reflecting a decrease of about 69%[195]. Business Strategy and Operations - The company has been adjusting its business structure to focus on core products while navigating market challenges[31]. - The company has implemented a strategic transformation to enhance operational efficiency amid external economic pressures[31]. - The company plans to continue optimizing its product structure and expanding its core business in the future[31]. - The company is focusing on expanding its business into natural gas and other bulk commodities to diversify its offerings[33]. - The company has adjusted its business structure, terminating low-margin product lines due to the impact of carbon reduction policies[42]. - The company is exploring new strategies for growth, including potential mergers and acquisitions, to improve its financial performance moving forward[192]. Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The company has maintained its independence in assets, personnel, finance, and operations[74]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[77]. - The company continues to comply with the Corporate Law and relevant regulations to enhance its governance practices[73]. - The company has established a robust internal control system in compliance with relevant laws and regulations, ensuring effective management and asset security[106]. Risks and Challenges - The company faced challenges in its oil business due to legal issues with suppliers, leading to significant uncertainty in receivables[32]. - The company detailed potential risks in the report, which investors should be aware of[8]. - The company faces macroeconomic risks due to the cyclical nature of its main products, which may impact demand and pricing in the commodity supply chain management market[69]. - Environmental policy risks are significant as stricter regulations may affect the demand from clients in high-energy-consuming industries like coal and steel[69]. - The company is experiencing a talent shortage in supply chain management, which may hinder its growth if not addressed[70]. Shareholder Information - The company completed a non-public issuance of A-shares to enhance capital reserves and overcome business development constraints[33]. - The controlling shareholder, Zhonggeng Group, holds 81,929,600 shares, accounting for 35.57% of the total share capital, all of which are under pledge or freeze[142]. - The total number of ordinary shareholders as of the end of the reporting period is 36,506, an increase from 35,523 at the end of the previous month[155]. - The largest shareholder, Zhonggeng Real Estate Group Co., Ltd., holds 81,929,600 shares, representing 35.57% of the total shares, with 15,267,175 shares pledged[157]. Audit and Financial Reporting - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[170]. - The audit identified significant risks related to revenue recognition and related party transactions, necessitating thorough testing and evaluation[179]. - The company’s internal controls over revenue and related party transactions were evaluated for effectiveness during the audit process[173]. - The company has not received any non-standard audit opinions from the accounting firm[119]. - The internal control audit report confirmed the effectiveness of financial reporting internal controls, receiving a standard unqualified opinion[108].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 388,818,645.73, a decrease of 0.41% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY -172,106.15, down 69.15% year-on-year[4]. - The basic earnings per share for the period was CNY -0.001, a decrease of 76.97% compared to the previous year[5]. - The company's operating revenue for the reporting period was ¥1,299,004,540.29, a decrease of 40.46% compared to ¥2,181,650,795.76 in the same period last year[11]. - Net profit attributable to shareholders was ¥3,957,155.76, a decline of 58.05% from ¥9,431,964.18, mainly due to a significant drop in operating revenue[11]. - The net profit excluding non-recurring gains and losses was ¥1,437,813.32, down 77.14% from ¥6,290,007.51[11]. - Net profit for the first three quarters of 2021 was CNY 6.50 million, a decrease of 47.4% compared to CNY 12.36 million in the same period of 2020[25]. - Operating revenue for the first three quarters of 2021 was CNY 1.30 billion, down 40.4% from CNY 2.18 billion in the first three quarters of 2020[24]. - The total comprehensive income for Q3 2021 was CNY 6,504,340.68, down from CNY 12,363,627.83 in Q3 2020, indicating a decline of about 47.4%[26]. Cash Flow - The net cash flow from operating activities was CNY -45,368,782.45, a decline of 52.01% compared to the same period last year[4]. - Cash flow from operating activities was -¥45,368,782.45, a decrease of 52.01% compared to -¥29,845,276.05 in the previous period[11]. - The net cash flow from investing activities for Q3 2021 was CNY 20,047,945.21, compared to negative CNY 945,334.68 in Q3 2020, indicating a significant improvement[30]. - The net cash flow from financing activities for Q3 2021 was CNY 72,580,325.58, compared to negative CNY 5,927,172.97 in Q3 2020, showing a positive turnaround[30]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,099,032,441.25, down 47.9% from CNY 2,108,048,318.08 in the first three quarters of 2020[29]. - Cash outflow from operating activities for the first three quarters of 2021 was CNY 1,144,401,223.70, a decrease of 46.4% compared to CNY 2,137,893,594.13 in the same period of 2020[29]. Assets and Liabilities - Total assets increased to CNY 632,378,833.22, representing a growth of 6.67% from the end of the previous year[5]. - Current assets totaled CNY 590.72 million, slightly up from CNY 580.82 million, indicating a growth of about 1.5%[20]. - The total liabilities decreased to CNY 272.54 million from CNY 335.66 million, reflecting a reduction of about 18.8%[21]. - Shareholders' equity attributable to the parent company rose to CNY 323,257,832.32, an increase of 44.86% year-on-year[5]. - Shareholders' equity rose to CNY 359.84 million, up from CNY 257.18 million, indicating an increase of approximately 39.9%[21]. Operational Changes - The company completed a non-public offering of shares in August 2021, raising CNY 95,570,191.27 in total funds[10]. - The company plans to optimize its organizational structure by dissolving certain subsidiaries, including Taiyuan Xinggeng Supply Chain Management Co., Ltd.[14]. - The company raised approximately ¥99.99 million through a private placement of shares, with net proceeds of about ¥95.57 million, increasing total shares from 215,040,000 to 230,307,175[15]. - The company has completed the capital increase for Wuhan Minsheng and the related business registration changes[14]. Expense Management - Operating costs were ¥1,280,315,387.36, down 40.57% from ¥2,154,461,194.75, primarily due to a reduction in procurement costs resulting from decreased business scale[11]. - The company reported a significant reduction in sales expenses, which were CNY 1.78 million compared to CNY 2.10 million in the previous year, a decrease of about 15.1%[25]. - The company’s financial expenses decreased to CNY 1.98 million from CNY 2.75 million, a reduction of approximately 28%[25]. - Contract liabilities decreased by 46.27% to CNY 83,512,118.85, reflecting the completion of goods delivery and settlement during the reporting period[9]. Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, with a 46.06% rise to CNY 149,863,626.47[9]. - The cash and cash equivalents at the end of Q3 2021 amounted to CNY 149,863,626.47, a significant increase from CNY 30,274,975.74 at the end of Q3 2020[30].

Financial Performance - The company achieved operating revenue of RMB 910.19 million, a decrease of 49.19% compared to the same period last year[21]. - Net profit attributable to shareholders was RMB 4.13 million, down 56.69% year-on-year, while net profit excluding non-recurring gains and losses was RMB 1.61 million, a decline of 76.32%[21]. - Basic earnings per share were RMB 0.019, a decrease of 56.82% from the previous year[20]. - The weighted average return on net assets was 1.83%, down by 1.95 percentage points year-on-year[20]. - The decline in revenue was mainly due to adjustments in business categories, with a significant drop in income from low-margin products like electrolytic copper and diesel, totaling approximately RMB 600 million[21]. - The company's operating revenue decreased by 49.19% to CNY 910,185,894.56 compared to the previous year[36]. - Total comprehensive income for the first half of 2021 was CNY 6,096,923.74, compared to CNY 11,476,694.14 in the same period of 2020, representing a decrease of approximately 46.8%[101]. - Net profit for the first half of 2021 was CNY -2,142,919.92, an improvement from CNY -7,086,025.22 in the first half of 2020, indicating a reduction in losses by approximately 69.8%[104]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 49.62 million, primarily due to an increase in advance payments to upstream suppliers[21]. - The company's cash and cash equivalents decreased by 29.03% to CNY 72,818,207.46 due to loan repayments[38]. - Cash flow from operating activities for the first half of 2021 was CNY -49,622,035.88, a significant decline compared to CNY 17,436,647.75 in the first half of 2020[107]. - The company reported a net decrease in cash and cash equivalents of 29,785,930.67 RMB for the first half of 2021, compared to a decrease of 1,718,918.70 RMB in the same period of 2020[108]. Assets and Liabilities - Total assets decreased by 24.79% to RMB 445.87 million compared to the end of the previous year[19]. - The company's net assets attributable to shareholders increased by 1.84% to RMB 227.25 million compared to the end of the previous year[19]. - The company's total assets as of June 30, 2021, amounted to CNY 181,817,604.41, a decrease from CNY 185,080,593.49 at the end of 2020[96]. - Total liabilities as of June 30, 2021, were CNY 24,391,983.56, down from CNY 25,478,241.40 at the end of 2020[97]. Strategic Initiatives - The company is focusing on the "black series" coal chemical products, including coking coal and coke, while expanding into clean energy commodities like natural gas[31]. - The company is undergoing a strategic transformation, exploring opportunities based on MEMS technology, which has broad market potential[28]. - The company is adjusting its business structure in response to stricter environmental protection policies and significant fluctuations in commodity prices[31]. - The company plans to establish a semiconductor industry fund to invest in an 8-inch MEMS RF filter production line[33]. Investments and Partnerships - The company invested CNY 30 million in Wuhan Minsheng New Technology Co., Ltd. to develop capabilities in the RF filter industry[32]. - A total of CNY 35 million was allocated to establish Wuhan Yige Minsi Technology Co., Ltd. for MEMS production capacity construction[33]. - The company aims to enhance collaboration with Wuhan Minsheng to accelerate the industrialization of RF filter projects[34]. - The company has completed a capital increase of RMB 30 million in Wuhan Minsheng, holding a 3% equity stake post-investment, with a pre-investment valuation of RMB 900 million[42]. Compliance and Governance - The company confirmed that it is not a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[60]. - The company has implemented strict compliance with national environmental protection laws and regulations, with no violations reported[60]. - The company has experienced changes in its board and supervisory personnel, with new appointments made to ensure compliance with legal requirements[53]. - The company has maintained commitments to avoid competition with its controlling shareholder and related parties, ensuring fair and reasonable transactions[63]. Related Party Transactions - The company expects a total of related party transactions for 2021 to amount to CNY 1,802.61 million[66]. - The actual amount for purchasing from related parties was CNY 178.96 million, with an expected amount of CNY 400 million from Ningxia Weizhong Energy Co., Ltd.[66]. - The company reported actual sales to related parties of CNY 101.35 million, against an expected amount of CNY 130 million[66]. - The company has established a joint investment with Wuhan Minsong, which constitutes a related party transaction[68]. Share Capital and Equity - The total share capital of the company increased from 215,040,000 shares to 230,307,175 shares following a private placement of 15,267,175 shares[81]. - The shareholding ratio of Zhonggeng Group increased from 32% to 36.51%, holding a total of 84,080,000 shares[75]. - The new shares from the private placement are subject to a lock-up period of 36 months starting from the listing date[75]. - The company’s total share capital before the increase was 179,200,000 shares[80]. Environmental and Economic Risks - The company is facing macroeconomic risks due to its reliance on commodities like coal and coke, which are sensitive to economic cycles and have been affected by the ongoing global recovery challenges[45]. - The company is exposed to environmental policy risks as it operates in high-energy consumption industries, which are increasingly subject to stricter regulations[47]. - The company reported that the overall supply and demand for commodities is tight, leading to significant price fluctuations, which may adversely impact future performance[47].

Financial Performance - Operating revenue for the current period was ¥488,274,299.21, a decline of 34.57% compared to the same period last year[6] - Net profit attributable to shareholders decreased by 28.23% to ¥2,262,759.42[6] - Basic and diluted earnings per share both decreased by 48.00%, amounting to ¥0.013 per share[6] - The company reported a net loss of CNY 46,245,946.97, compared to a loss of CNY 43,983,187.55 in the previous period, reflecting a worsening of approximately 5.1%[20] - Net profit for Q1 2021 was ¥3.05 million, a decline of 18.4% from ¥3.74 million in Q1 2020[26] - Profit attributable to shareholders of the parent company for Q1 2021 was ¥2.26 million, down 28.2% from ¥3.15 million in Q1 2020[26] - The total profit for Q1 2021 was ¥4.35 million, a decrease of 21.8% from ¥5.56 million in Q1 2020[25] Cash Flow - The net cash flow from operating activities was negative at -¥60,825,036.09, representing a 20.84% increase in cash outflow compared to the previous year[6] - Total cash inflow from operating activities for Q1 2021 was CNY 366,002,315.75, a decrease of 40.3% compared to CNY 612,168,859.11 in Q1 2020[29] - Total cash outflow from operating activities for Q1 2021 was CNY 426,827,351.84, down 35.6% from CNY 662,503,376.40 in Q1 2020[30] - Net cash flow from operating activities for Q1 2021 was -CNY 60,825,036.09, compared to -CNY 50,334,517.29 in Q1 2020[30] - Cash inflow from investment activities for Q1 2021 was CNY 50,047,945.21, while cash outflow was CNY 197,616.14, resulting in a net cash flow of CNY 50,047,945.21[30] - The net increase in cash and cash equivalents for Q1 2021 was -CNY 23,497,090.88, compared to -CNY 51,526,799.60 in Q1 2020[30] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 79,107,047.25, up from CNY 15,465,959.84 in Q1 2020[30] Assets and Liabilities - Total assets decreased by 23.60% from the end of the previous year, amounting to ¥452,908,170.95[6] - The company's total current assets decreased to ¥440,914,206.53 from ¥580,819,530.40, reflecting a reduction of approximately 24.1%[18] - Current liabilities decreased from CNY 335,657,638.66 to CNY 192,669,844.95, a reduction of about 42.6%[20] - The company’s total liabilities decreased from CNY 335,657,638.66 to CNY 192,669,844.95, a reduction of approximately 42.6%[20] - Non-current assets totaled CNY 11,993,964.42, slightly down from CNY 12,021,892.49, indicating a marginal decrease of 0.2%[20] - The total current assets decreased from CNY 137,860,226.16 to CNY 135,684,886.17, a decline of about 1.6%[22] Shareholder Information - The company reported a total of 5,365 shareholders at the end of the reporting period[9] - The largest shareholder, Zhonggeng Real Estate Group Co., Ltd., held 32.00% of the shares, totaling 57,344,021 shares[10] - The total equity attributable to shareholders increased from CNY 223,151,089.01 to CNY 225,413,848.43, a growth of about 1.0%[20] Operational Changes - The company reported a 34.91% decrease in operating costs, totaling ¥479,524,761.14 compared to ¥736,668,025.26 in the previous period[13] - The company's financial expenses decreased by 51.47% to ¥433,842.84 from ¥893,953.30, attributed to reduced bank borrowings and lower interest rates[13] - The company experienced a 61.46% reduction in employee compensation payable, amounting to ¥475,852.99 compared to ¥1,234,627.37 in the previous period[12] - The company reported a significant decrease in other current assets, down 53.39% to ¥1,147,799.38 from ¥2,462,509.27, due to deductions of deductible items[12] - The company has not disclosed any new product developments or market expansion strategies in this report[11] Investment Activities - The company plans to invest ¥30 million in Wuhan Minsheng New Technology Co., Ltd. to explore opportunities in the MEMS industry[15] - The company maintained long-term equity investments at CNY 40,000,000.00, unchanged from the previous period[22] Earnings and Expenses - The company incurred management expenses of ¥2.75 million in Q1 2021, an increase from ¥2.07 million in Q1 2020[25] - The company reported a credit impairment loss of ¥596.59 thousand in Q1 2021, contrasting with a gain of ¥219.28 thousand in Q1 2020[25] Compliance and Standards - The company did not apply the new leasing standards for the first time in 2021[33]

Financial Performance - The company achieved a net profit of CNY 25,276,921 for the year 2020, with a net profit attributable to shareholders of CNY 21,324,157.10, representing a 9.98% increase compared to 2019[4]. - Operating revenue for 2020 was CNY 2,672,975,793.11, marking a 31.04% increase from CNY 2,039,782,445.60 in 2019[21]. - The basic earnings per share for 2020 was CNY 0.119, up 10.19% from CNY 0.108 in 2019[22]. - The company reported a total of ¥14.06 million in non-recurring gains for 2020, primarily from government subsidies and other income[28]. - The company reported a total revenue of 1.5 billion in 2020, representing a year-over-year growth of 10%[116]. - The company’s total comprehensive income for the period was CNY 21.32 million, with a net profit of CNY 25.28 million[176]. - The company’s net profit margin for the current period was approximately 10.5% based on the reported net profit and total revenue[176]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 94,586,235.99, compared to a negative cash flow of CNY -125,147,277.52 in 2019, reflecting a 175.58% increase[21]. - The company’s cash and cash equivalents at the end of the period amounted to ¥102,604,138.13, representing 17.31% of total assets, up from 14.92% in the previous period, reflecting an increase of 53.16%[57]. - The net cash flow from investing activities decreased to -¥51,609,462.45, a drastic decline of 2670.93% from -¥1,862,533.10, mainly due to the purchase of financial products this year[53]. - The net cash flow from financing activities was -¥7,365,394.85, a decrease of 107.45% from ¥98,822,044.92, primarily due to loan repayments and interest payments this year[53]. - The company’s cash and cash equivalents net increase for the year was ¥35,611,378.69, contrasting with a decrease of -¥28,187,765.70 in 2019[169]. Capital Structure and Shareholder Information - The company plans to increase its share capital by 35,840,000 shares through a capital reserve transfer, raising the total share capital to 215,040,000 shares[4]. - The total number of ordinary shares increased from 128,000,000 to 179,200,000, representing a 40% increase due to a capital reserve conversion[101]. - The largest shareholder, Zhonggeng Real Estate Group, holds 32% of the shares, with a total of 57,344,021 shares, which were pledged[106]. - The company implemented a capital reserve conversion plan, distributing 4 additional shares for every 10 shares held[101]. - The total equity at the end of the current period was CNY 179.2 million, with total equity of CNY 257.18 million[179]. Business Strategy and Market Position - The company aims to enhance its competitive strength and expand its market reach through the proposed capital increase[4]. - The company is focused on supply chain management services for bulk commodities, particularly in coal and natural gas sectors, leveraging partnerships with state-owned and leading private enterprises[31]. - The company aims to expand its business scope and deepen supply chain management services by integrating resources and exploring new markets[34]. - The company plans to leverage new technologies such as blockchain, big data, and IoT to build a comprehensive service platform for the coal industry, enhancing the integration of new technologies with market systems[64]. - The company will continue to explore new business opportunities, including natural gas, to diversify its offerings and improve profitability[69]. Operational Efficiency and Cost Management - Sales expenses decreased by 36.00% to ¥2,740,547.86, primarily due to optimization of business structure and personnel adjustments[51]. - Financial expenses increased by 370.95% to ¥3,655,178.57, attributed to increased bank borrowings and related interest expenses[51]. - The gross profit margin for the bulk commodity supply chain management business decreased by 0.89 percentage points, reflecting adjustments in product structure[46]. - The management team is committed to enhancing performance evaluation and incentive mechanisms to boost employee engagement and drive company growth[34]. Risks and Challenges - The company acknowledges macroeconomic risks that could impact demand for its supply chain management services due to fluctuations in the economy[70]. - The company faces environmental policy risks as stricter regulations on coal chemical products may affect its operations[70]. - The company recognizes a growing demand for skilled personnel in supply chain management, which could limit its growth if not addressed[72]. Governance and Compliance - The company has not faced any risks of suspension or termination of its listing status[81]. - The company has committed to not engaging in unfair transactions with related parties[78]. - The company has no penalties from securities regulatory agencies in the last three years, indicating compliance with regulations[123]. - The internal control self-assessment report was disclosed on the same day as the financial report, indicating no major deficiencies[137]. Future Outlook - The company provided a future outlook projecting a revenue growth of 12% for the next fiscal year[116]. - New product launches are expected to contribute an additional 200 million in revenue in 2021[116]. - Market expansion plans include entering three new cities in 2021, targeting a 20% increase in market share[116].

2020 年第三季度报告 公司代码：600753 公司简称：东方银星 福建东方银星投资股份有限公司 2020 年第三季度报告 1 / 22 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2020 年第三季度报告 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人梁衍锋、主管会计工作负责人夏建丰及会计机构负责人（会计主管人员）卢海燕 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 22 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 659,756,642.34 448,978,877.99 46.95 归属于上市公司股 东的净资产 211,258,896.09 201,875,23 ...