Financial Performance - The company achieved operating revenue of CNY 1.791 billion, an increase of 198.63% compared to the same period last year[16] - The net profit attributable to shareholders of the listed company was CNY 95.34 million, up 16.82% year-on-year[16] - The net profit after deducting non-recurring gains and losses was CNY 67.97 million, a 47.24% increase from the previous year[16] - The net cash flow from operating activities was CNY 17.44 million, an increase of 112.30% compared to the same period last year[16] - The basic earnings per share were CNY 0.05, a decrease of 16.67% year-on-year[17] - The weighted average return on net assets was 4.61%, an increase of 0.24 percentage points compared to the same period last year[17] Business Expansion and Strategy - The company expanded its business scope to include electrolytic copper and natural gas, contributing to revenue growth[16] - The company focuses on supply chain management for bulk commodities, including coal and petroleum coke, aiming to enhance operational efficiency and steady growth[23] - The company expanded its supply chain management services and increased its focus on coal chemical sectors, enhancing both service depth and product variety[33] - The company is leveraging its advantages to integrate existing resources and expand into new markets and businesses[30] - The company aims to enhance its competitive edge through collaboration with large state-owned enterprises and industry leaders[28] Financial Management and Resources - The company received government subsidies closely related to its normal business operations amounting to RMB 4,840,000[20] - The total amount of non-recurring gains and losses for the reporting period is RMB 2,736,216.82[20] - The company plans to share development resources with its controlling shareholder to optimize customer resources and broaden financing channels[30] - The company optimized internal management processes and improved operational efficiency through digital and intelligent tools, reducing management costs by 49.45%[36] - The company plans to conduct a private placement of shares to enhance business resources and address mismatches in market expansion capabilities[34] Market and Economic Conditions - The company faces significant macroeconomic risks due to its reliance on commodities like coal, coke, and petroleum coke, which are sensitive to economic cycles and have been adversely affected by the COVID-19 pandemic[41] - Environmental policy risks are increasing as stricter regulations on coal and related products are being implemented, potentially impacting the company's operations and market prices[42] - The bulk commodity supply chain management market in China is close to RMB 20 trillion, with significant potential for market concentration improvement[26] Operational Challenges - The company is experiencing a rising trend in operating capital requirements, with operating funds increasing year over year, which may lead to liquidity challenges[43] - There is a high demand for skilled human resources in the commodity supply chain management sector, and the company may face limitations in its growth if it cannot attract qualified talent[45] - The company’s receivables and inventory management are critical, as delays in cash flow could adversely affect its production and operational performance[43] Shareholder and Equity Information - The company has not proposed any profit distribution or capital reserve increase for the first half of 2020, indicating a focus on retaining earnings[50] - The total number of shares increased from 128,000,000 to 179,200,000, representing a 40% increase due to a capital reserve conversion[66] - The company distributed 4 new shares for every 10 shares held, resulting in an issuance of 51,200,000 new shares[67] - The largest shareholder, Zhonggeng Real Estate Group, holds 57,344,021 shares, accounting for 32.00% of total shares[71] - The company has no preferred shareholders with restored voting rights[72] Management and Governance - The company experienced a change in management, with the appointment of a new general manager, Xia Jianfeng, following the resignation of the previous general manager, Shi Chunlan[75][76] - The company is focused on maintaining compliance with legal and regulatory frameworks to protect shareholder interests and ensure fair market practices[52] - The company appointed Zhongchao Zhonghuan as the financial audit and internal control audit institution for the fiscal year 2020, with a one-year term[53] Financial Position and Assets - The total assets at the end of the reporting period were CNY 440.89 million, a decrease of 1.80% from the end of the previous year[16] - The net assets attributable to shareholders of the listed company were CNY 211.36 million, an increase of 4.70% compared to the end of the previous year[16] - The company reported a significant increase in cash and cash equivalents, reaching ¥65,273,840.74, a 287.97% increase from the previous year[39] - The company’s total equity increased from CNY 232,169,296.64 to CNY 243,383,556.64, an increase of approximately 4.9%[83] Compliance and Legal Matters - There were no significant lawsuits or arbitration matters during the reporting period[54] - The company strictly adheres to national environmental protection laws and regulations, with no violations or pollution incidents reported during the reporting period[62] Accounting and Financial Reporting - The company’s financial statements are prepared based on the going concern principle, ensuring a true and complete reflection of its financial status and operating results[117] - The company follows the enterprise accounting standards, ensuring compliance and accuracy in financial reporting[118] - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[198]

2020 年第一季度报告 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 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 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 | | | | | | 减(%) | | | 总资产 | 567,934,016.30 | 448,978,877.99 | | 26.49 | | 归属于上市公司 | 205,028,218.07 | 201,875,233.80 | | 1.56 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -50,334,517.29 | -80,523,123.99 | ...

Financial Performance - In 2019, the company achieved a net profit of ¥23,678,106.91, with a net profit attributable to shareholders of ¥19,389,151.32, representing a decrease of 7.36% compared to 2018[5]. - The company's operating revenue for 2019 was ¥2,039,782,445.60, reflecting a growth of 5.67% from ¥1,930,315,060.39 in 2018[22]. - The basic earnings per share for 2019 was ¥0.151, a decrease of 7.93% from ¥0.164 in 2018[23]. - The company reported a significant increase of 48.14% in net profit attributable to shareholders after deducting non-recurring gains and losses, driven by the expansion of its commodity trading business[23]. - The company reported a net profit attributable to ordinary shareholders of RMB 19,389,151.32 for 2019, with no cash dividend distribution proposed[73]. - The company reported a significant reduction in financial expenses, with a net financial income of CNY 1,349,012.19, compared to a loss of CNY 3,822,785.27 in the previous year[138]. - The company’s total comprehensive income for 2019 was ¥1,317.37 million, down from ¥5,577.47 million in 2018, reflecting a decline of about 76.4%[142]. Cash Flow and Financing - The cash flow from operating activities was negative at -¥125,147,277.52, worsening from -¥98,254,462.91 in 2018, indicating challenges in cash generation[22]. - The company experienced negative cash flow from operating activities in the first three quarters, with a net cash outflow of ¥80,523,123.99 in Q1, improving to a positive cash flow of ¥45,313,113.65 in Q4[26]. - The cash flow from operating activities showed a net outflow of approximately ¥125 million, representing a 27.73% increase in outflow compared to the previous year[50]. - The company reported cash inflow from financing activities of ¥98.82 million in 2019, up from ¥0.98 million in 2018[146]. - The company plans to improve its financing capabilities through non-public offerings and bank financing to support its operational growth[67]. Assets and Liabilities - The total assets increased by 91.83% year-on-year, reaching ¥448,978,877.99, primarily due to increased bank borrowings and business expansion[24]. - Total liabilities increased to ¥216,809,581.35 in 2019 from ¥50,949,106.91 in 2018, indicating a rise of about 326.5%[132]. - The company's total assets reached ¥448,978,877.99 in 2019, up from ¥234,050,296.64 in 2018, which is an increase of approximately 91.8%[132]. - Accounts receivable increased by 193.51% to approximately ¥111 million, primarily due to receivables from coking coal and electricity coal sales[52]. - Total current assets increased to ¥437,880,964.70 in 2019 from ¥225,093,471.55 in 2018, representing a growth of approximately 94.5%[131]. Business Strategy and Market Position - The company aims to enhance its competitive strength and expand its market reach due to its low registered capital, which limits participation in large project tenders[5]. - The company focuses on commodity supply chain management, particularly in the coal chemical sector, which includes products like coking coal and coke[31]. - The supply-side reform and the Belt and Road Initiative are anticipated to drive growth in the commodity supply chain management sector, with significant market potential for consolidation[32]. - The company aims to enhance its core upstream channel resources, which are becoming increasingly strategic in the commodity supply chain[32]. - The company plans to expand its business scale and enhance profitability by focusing on core commodity supply chain management, particularly in coal and coke sectors[64]. Operational Efficiency - The company has established a supplier evaluation system to select core enterprises for providing supply chain management services, enhancing operational efficiency[31]. - The company reported a significant increase in sales expenses by 120.28%, reflecting investments in business expansion[42]. - The company’s gross profit margin improved as it optimized resource allocation and reduced transaction costs through strategic partnerships[34]. - The company has established a performance evaluation system to enhance work efficiency and assess employee performance[108]. Governance and Compliance - The company has no major litigation or arbitration matters in the current year, indicating a stable legal standing[76]. - The company has not proposed any cash profit distribution plan despite having positive profits available for distribution to ordinary shareholders[73]. - The company has not faced any risks of suspension or termination of listing, indicating a stable market position[76]. - The company has not disclosed any significant contracts or other major matters during the reporting period[85]. - The company has established a comprehensive governance structure, including a remuneration and assessment committee to oversee compensation matters[117]. Shareholder Information - The largest shareholder, Zhonggeng Real Estate Industrial Group Co., Ltd., holds 40,960,015 shares, representing 32.00% of the total shares[91]. - The total number of ordinary shareholders at the end of the reporting period is 6,470, a decrease from 7,756 at the end of the previous month[89]. - The company has no other shareholders holding more than 10% of shares besides the identified major shareholders[96]. Economic Environment - The company faced a challenging economic environment in 2019, impacting its operational strategies and market outlook[60]. - The domestic coal industry is expected to maintain its importance, with coal accounting for over 90% of China's fossil energy resources, despite a gradual decrease in its share of primary energy consumption[31]. - In 2020, China's coal industry total capacity is expected to reach 4.5-4.7 billion tons, with a production of approximately 3.7 billion tons and a capacity utilization rate exceeding 75%[62]. Audit and Financial Reporting - The company received an unqualified audit opinion for its financial statements for the year ended December 31, 2019, indicating that the financial statements fairly reflect its financial position[122]. - The audit report highlighted the need for management to assess the company's ability to continue as a going concern[128]. - The company disclosed its internal control self-evaluation report on March 28, 2020, confirming no significant deficiencies in internal controls[118].

2019 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 2019 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2019 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | | | 本报告期末比上年 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | 度末增减(%) | | | | 总资产 | 495,424,580.24 | 234,050,296.64 | | | | 111.67 | | 归属于上市公司股东的净资 | 196,347,607.86 | 182,486,082.48 | | | | 7.60 | | 产 | | | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期增减(%) | | | | | ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 599.81 million, a decrease of 46.45% compared to the same period last year[17]. - The net profit attributable to shareholders was CNY 8.16 million, representing a 91.20% increase from CNY 4.27 million in the previous year[17]. - The net cash flow from operating activities was CNY -141.71 million, a decrease of 163.62% compared to the previous year's CNY -53.75 million[17]. - The company achieved a revenue of CNY 599 million for the first half of 2019, a decrease of 46.45% year-on-year[30]. - The net profit attributable to shareholders was CNY 8.16 million, an increase of 91.20% year-on-year[30]. - The company's operating costs also decreased by 47.49% year-on-year to approximately ¥581.30 million, reflecting the impact of business model adjustments[35]. - The total comprehensive income for the first half of 2019 was -683,570.24 yuan, compared to -1,945,940.94 yuan in the same period of 2018, indicating an improvement[82]. - The company reported a net loss of CNY 78,798,337.24, an improvement from a loss of CNY 86,959,255.39 in the previous year[71]. Assets and Liabilities - Total assets increased by 54.02% to CNY 360.50 million from CNY 234.05 million at the end of the previous year[17]. - The company's net assets attributable to shareholders increased by 4.47% to CNY 190.65 million from CNY 182.49 million at the end of the previous year[17]. - The total current assets as of June 30, 2019, amounted to ¥349,439,860.68, compared to ¥225,093,471.55 at the end of 2018, reflecting an increase of about 55.3%[69]. - Current liabilities rose to CNY 143,515,542.24, significantly higher than CNY 50,949,106.91, reflecting an increase of approximately 181%[71]. - The total liabilities amounted to CNY 143,515,542.24, compared to CNY 50,949,106.91, showing a substantial increase of around 181%[71]. - The total current liabilities represent approximately 27.9% of total assets[198]. Business Model and Strategy - The company has adjusted its business model by terminating low-margin fuel oil and steel trading businesses, impacting revenue[19]. - The company focused on expanding its coal and coke trading business, increasing the variety of traded commodities including electricity coal and petrochemicals[24]. - The company emphasized enhancing its supply chain management capabilities to improve operational efficiency and profitability[31]. - The company plans to continue expanding its supply chain services to reduce logistics and transaction costs for upstream and downstream clients[32]. - The company is actively seeking new investment opportunities in line with national strategies and industry policies[32]. Government Support and Funding - The company received CNY 4.12 million in special funds from the Ningbo Free Trade Zone, a significant increase from CNY 1.80 million in the previous year[19]. - The company reported a significant improvement in financing capabilities, securing bank credit based on its strong business and credit foundation[26]. - Short-term borrowings increased to ¥40 million, marking a 100% rise as the company secured bank loans[39]. Shareholder and Equity Information - The total number of shares held by the top ten unrestricted shareholders is 40,960,015, accounting for 32.00% of the total shares[64]. - The company has a total guarantee amount of 8,250 million RMB, which accounts for 43.27% of the company's net assets[56]. - The company reported a significant increase in accounts receivable, rising to ¥316,286,462.66 from ¥37,983,856.81 in the previous year, indicating a growth of approximately 733.5%[69]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2019[46]. Management and Operations - The management team is actively recruiting talent and implementing performance evaluation mechanisms to support business growth[27]. - The company completed a name change and relocation, aligning its administrative jurisdiction with the Fujian Province listed company management[31]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[107]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring that its financial statements are true and complete[108]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[59]. - The company recognizes expected credit losses for other receivables based on whether credit risk has significantly increased since initial recognition, measuring losses for the entire duration if it has[142]. - The company recognizes provisions for liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[177].

1 证券代码：600753 证券简称：东方银星 公告编号：2019—043 福建东方银星投资股份有限公司 关于参加 2019 年福建辖区上市公司投资者集体接待 日活动的公告 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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、 融资计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2019 年 7 月 18 日下午 14:00-17:00 参加由福建证监局协同深圳市全景网络有限 公司组织开展的 2019 年福建辖区上市公司投资者集体接待日活动。现将有 关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采 取网络远程的方式举行，投资者可以登录"全景·路演天下"网站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 18 日（星期 四）14:00 至 17:00。 出席本次集体接待日的人员有：公司总经理石春兰、董事会秘书 ...

Financial Performance - Net profit attributable to shareholders decreased by 53.46% to CNY 1,808,416.41 year-on-year[5] - Operating revenue fell by 66.37% to CNY 194,325,493.72 compared to the same period last year[5] - Basic earnings per share decreased by 53.33% to CNY 0.014[5] - The net loss for the company in Q1 2019 was CNY 1,898,648.30, compared to a net profit in the same period last year[23] - In Q1 2019, the company reported a net profit of CNY 1,479,031.71, a decrease of 61.9% compared to CNY 3,885,313.52 in Q1 2018[25] - The company’s total profit for Q1 2019 was CNY 2,201,648.30, reflecting a decline from CNY 5,751,291.46 in Q1 2018[25] Assets and Liabilities - Total assets decreased by 3.57% to CNY 225,703,081.95 compared to the end of the previous year[5] - Total liabilities as of March 31, 2019, were CNY 61,236,646.51, an increase from CNY 60,592,195.51 at the end of 2018[22] - The company's total equity as of March 31, 2019, was CNY 155,471,470.29, a decrease from CNY 156,183,958.10 at the end of 2018[22] - The total assets as of Q1 2019 were 234,050,296.64 RMB, remaining unchanged from the previous year[37] - Total liabilities amounted to ¥50,949,106.91, with total equity at ¥183,101,189.73, resulting in total assets of ¥234,050,296.64[38] Cash Flow - Net cash flow from operating activities improved by 53.17%, reaching -CNY 80,523,123.99[5] - Cash flow from operating activities showed a net outflow of CNY 80,523,123.99 in Q1 2019, an improvement from a net outflow of CNY 171,963,033.79 in Q1 2018[30] - The company reported a decrease in cash received from operating activities, with a total of 3,161,818.27 RMB in Q1 2019 compared to 24,282,300.70 RMB in Q1 2018[34] - The cash outflow for operating activities was 3,502,960.09 RMB in Q1 2019, significantly lower than 107,813,525 RMB in Q1 2018[34] Shareholder Information - The total number of shareholders reached 7,597 at the end of the reporting period[9] - The largest shareholder, Zhonggeng Real Estate Industrial Group, holds 32.00% of the shares[9] - The second-largest shareholder, Yushang Group, holds 15.07% of the shares, with 6,780,000 shares pledged[9] Operational Metrics - Accounts receivable increased by 341.89% to ¥167,845,325.39 from ¥37,983,856.81, primarily due to bulk trade in coking coal business[12] - Inventory reached ¥7,931,034.46, marking a 100% increase, driven by sales growth[12] - Operating costs fell by 67.23% to ¥186,679,736.41 from ¥569,620,291.08, reflecting the same business adjustments[13] - Management expenses surged by 160.69% to ¥5,020,041.27 from ¥1,925,659.09, attributed to strategic adjustments and increased related costs[13] Financial Adjustments - The company has implemented new financial and revenue recognition standards, which may impact future financial reporting[35] - The company reported a negative retained earnings of ¥-86,959,255.39, indicating accumulated losses[38] - Financial expenses increased significantly by 2494.04%, resulting in a net expense of -¥611,862.33, mainly due to customer fund occupation costs[13]

Financial Performance - In 2018, the company's operating revenue reached CNY 1.93 billion, a significant increase of 457.52% compared to CNY 346.23 million in 2017[19]. - The net profit attributable to shareholders of the listed company was CNY 20.93 million, up 10.31% from CNY 18.98 million in the previous year[19]. - The basic earnings per share for 2018 was CNY 0.164, representing a 10.81% increase from CNY 0.148 in 2017[20]. - The net profit attributable to shareholders was CNY 3.89 million in the first quarter, increasing to CNY 15.08 million in the fourth quarter, indicating a significant growth of approximately 287%[23]. - The total operating revenue for 2018 reached CNY 1,930,315,060.39, a significant increase from CNY 346,233,448.05 in the previous year, representing a growth of approximately 457%[138]. - The total profit for the year was CNY 27,623,728.66, compared to CNY 25,497,590.06 in the previous year, representing a growth of approximately 8.3%[143]. Cash Flow and Financial Position - The company's cash flow from operating activities showed a net outflow of CNY 98.25 million, a decrease of 12,478.14% compared to the previous year, primarily due to prepayments for coke and uncollected receivables[21]. - The net cash flow from operating activities was negative CNY 171.96 million in the first quarter, but improved to positive CNY 85.16 million in the fourth quarter[23]. - The company's cash and cash equivalents decreased from CNY 192,523,578.77 at the beginning of the year to CNY 95,180,525.14 by year-end[129]. - The total cash and cash equivalents at the end of the period amounted to 95,180,525.14 RMB, down from 192,523,578.77 RMB at the beginning of the period[147]. - The company reported a net loss of CNY 86,959,255.39 for the year, an improvement compared to a loss of CNY 107,889,857.51 in the previous year[131]. Assets and Liabilities - The total assets of the company at the end of 2018 were CNY 234.05 million, reflecting a 6.69% increase from CNY 219.38 million at the end of 2017[19]. - The total liabilities decreased from CNY 57,820,309.67 to CNY 50,949,106.91, showing a reduction of about 12%[131]. - The equity attributable to shareholders increased from CNY 161,555,480.36 to CNY 182,486,082.48, marking a growth of approximately 13%[131]. Business Operations and Strategy - The company expanded its supply chain management business, adding fuel oil and steel trading to its product offerings, which contributed to the revenue growth[20]. - The company plans to continue its strategic transformation by combining organic growth with external acquisitions in the future[37]. - The company plans to expand its existing supply chain management business and optimize its business team to enhance profitability[57]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[138]. Market Environment and Challenges - The company anticipates continued downward pressure on the coal industry in 2019, with a challenging market environment expected[29]. - The focus on environmental standards is expected to lead to industry consolidation in the coking sector, with smaller firms likely to exit the market due to stricter regulations[30]. - The company acknowledges challenges such as economic slowdown and increased protectionism affecting market expectations[55]. - The company faces risks from economic cycles, particularly due to the pressure of economic slowdown and trade disputes, which could impact performance in the coal and coke trading sectors[60]. Shareholder Information - The number of ordinary shareholders increased from 7,208 to 7,720 during the reporting period[81]. - The largest shareholder, Zhonggeng Real Estate Industrial Group Co., Ltd., holds 40,960,015 shares, accounting for 32.00% of total shares[83]. - The total number of shares held by the top three shareholders is 80,639,985, which constitutes 62.00% of the total shares[83]. Management and Governance - The company has established a performance evaluation system to enhance work efficiency and assess employee performance[101]. - The board of directors consists of 9 members, including 3 independent directors, and has established several specialized committees[105]. - The company has maintained a consistent management structure with no new appointments or departures during the reporting period[92]. Related Party Transactions - The company sold raw coal to related parties for a total amount of CNY 149,653,155.67 and steel to another related party for CNY 74,942,379.87, with total related party sales amounting to CNY 224,595,535.54, representing 11.64% of total operating revenue[121]. - The anticipated related party transactions with Weitian Chemical and its subsidiary, Tengda Coking, are projected to be up to 300 million CNY, representing 7.76% of similar transactions[71]. Compliance and Audit - The company received an unqualified audit opinion for its financial statements for the year ended December 31, 2018[115]. - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring independence and adherence to ethical responsibilities[116].

| 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 2018 年第三季度报告 2018 年第三季度报告 公司代码：600753 公司简称：东方银星 河南东方银星投资股份有限公司 2018 年第三季度报告 1 / 21 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 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石春兰及会计机构负责人（会计主管人员）刘静保证 季度报告中财务报表的真实、准确、完整。 2.1 主要财务数据 3 / 21 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 253,950,482.42 219,375,790.03 15.76 归属于上市公司 股东的净资产 167, ...

Financial Performance - The company's operating revenue for the first half of 2018 reached approximately RMB 1,120 million, a significant increase of 1,938.55% compared to RMB 54.94 million in the same period last year[17]. - Net profit attributable to shareholders for the first half of 2018 was RMB 4.27 million, representing a growth of 108.92% from RMB 2.04 million in the previous year[17]. - The basic earnings per share increased to RMB 0.033, up 106.25% from RMB 0.016 in the same period last year[17]. - The company achieved operating revenue of CNY 1,120,006,267.99 in the first half of 2018, an increase of 1,938.55% compared to the same period last year[29]. - The net profit attributable to shareholders was CNY 4,268,200, representing a growth of 108.92% year-on-year[29]. - The total comprehensive income for the period reached ¥4,268,190.36, compared to ¥2,042,978.14 in the previous period, indicating a significant increase[83]. Business Expansion - The company expanded its trading business by adding fuel oil and steel trading, contributing to the substantial revenue growth[17]. - The company expanded its trading varieties to include fuel oil and steel/building materials, contributing to significant revenue growth[31]. - The company plans to acquire Hong Kong Qifan, which will enhance its understanding of the industrial real estate sector and support its dual business strategy[30]. - The company reported a significant increase in sales volume and profitability due to the expansion of its trading business and strategic partnerships[27]. Financial Position - Total assets increased by 26.51% to RMB 277.53 million from RMB 219.38 million at the end of the previous year[17]. - The net assets attributable to shareholders increased by 2.64% to RMB 165.82 million compared to RMB 161.56 million at the end of the previous year[17]. - The company's total equity as of June 30, 2018, was CNY 148,660,546.18, slightly down from CNY 150,606,487.12 at the beginning of the year, a decrease of about 1%[79]. - The total assets of the company as of June 30, 2018, amounted to CNY 277,528,521.17, an increase from CNY 219,375,790.03 at the beginning of the period[72]. Cash Flow - The net cash flow from operating activities was negative at RMB -53.75 million, a decline of 3,092.48% compared to RMB -1.68 million in the previous year[17]. - The company's cash and cash equivalents decreased to CNY 138,344,035.16 from CNY 192,523,578.77, reflecting a decline of approximately 28.14%[72]. - The net cash flow from operating activities decreased significantly due to increased business volume leading to prepayments and receivables[32]. - Cash flow from operating activities generated a net outflow of ¥53,754,980.46, compared to a smaller outflow of ¥1,683,800.68 in the previous period[88]. Expenses and Liabilities - The company's management expenses increased by 69.25% year-on-year, reflecting investments in talent acquisition and team stability[31]. - Sales expenses rose significantly due to the expansion of bulk trading varieties and the introduction of a professional sales team, which was not present in the same period last year[32]. - The total current liabilities increased to CNY 43,719,375.34 in prepayments from CNY 264,796.10, showing a substantial rise in liabilities[73]. - The company reported a total of CNY 38,238,872.01 in accounts payable, up from CNY 23,143,401.36, reflecting increased operational liabilities[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,029[65]. - The largest shareholder, Zhonggeng Real Estate Industrial Group Co., Ltd., held 40,960,015 shares, representing 32.00% of the total shares[67]. - The company has no preferred shareholders, indicating a straightforward equity structure[69]. - The company has terminated the concerted action agreement with Shanghai Jieyu Asset Management Co., Ltd., indicating a shift in shareholder dynamics[69]. Government Support - The company received government subsidies of RMB 1.8 million during the reporting period, which were included in other income[18]. - The company received government support funds of 1.8 million RMB from the Ningbo Free Trade Zone, which had a significant impact on net profit[33]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the report[5]. Corporate Governance - The company appointed Jiang Huaming as the new General Manager and Wang Huanqing as the new Deputy General Manager, following the resignation of Chen Junjin and Jiang Huaming from their previous roles[45]. - The company plans to establish two wholly-owned subsidiaries with registered capital of 50 million RMB and 10 million RMB, respectively, to enhance its business operations[37]. Accounting Policies - The company has established a comprehensive financial reporting framework in compliance with the relevant accounting standards and regulations[107]. - The company recognizes deferred tax assets related to deductible temporary differences if new information indicates that the economic benefits can be realized within 12 months post-acquisition, reducing goodwill accordingly[117]. - The company uses the balance sheet liability method to recognize deferred tax assets and liabilities based on temporary differences between the carrying amount of assets and liabilities and their tax bases[196].