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 ...

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]