Financial Performance - The company's operating revenue for Q1 2023 was CNY 20,780,198.68, representing an increase of 88.78% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was CNY 449,527.77, a significant increase of 414.85% year-on-year[5] - The net cash flow from operating activities reached CNY 2,950,910.34, marking a 131.65% increase compared to the previous year[5] - The company reported a basic earnings per share of CNY 0.002 for Q1 2023[6] - In Q1 2023, the company reported a net profit of 447,541.31, a significant recovery from a net loss of 142,775.16 in Q1 2022, marking a turnaround of over 400%[19] - Operating profit for Q1 2023 was 291,205.77, compared to an operating loss of 214,545.99 in the same period last year, indicating a positive shift in operational performance[19] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 476,239,609.13, reflecting a growth of 5.96% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 476,239,609.13, compared to RMB 449,454,338.98 at the end of 2022, showing an increase of about 6.0%[16] - Total liabilities increased to RMB 418,662,867.50 from RMB 392,325,138.66, representing a rise of approximately 6.7%[17] - The total assets increased to CNY 156.27 million in Q1 2023 from CNY 151.01 million in Q1 2022, reflecting a growth of about 3.5%[28] - The total liabilities rose to CNY 105.23 million in Q1 2023 from CNY 99.33 million in Q1 2022, marking an increase of approximately 5.9%[28] Cash Flow - Cash and cash equivalents as of March 31, 2023, amounted to RMB 310,400,249.81, up from RMB 297,741,218.56 as of December 31, 2022, reflecting a growth of approximately 4.4%[15] - Cash flow from operating activities generated a net inflow of 2,950,910.34, a substantial improvement from a net outflow of 9,322,751.13 in Q1 2022[23] - The cash inflow from sales of goods and services was CNY 8.27 million in Q1 2023, a significant increase from CNY 0.24 million in Q1 2022[34] - The net cash generated from financing activities was 9,707,083.33, a recovery from a net outflow of 2,099,250.09 in Q1 2022, indicating improved financing conditions[24] Receivables and Payables - Accounts receivable increased by 176.55% due to a rise in receivables from sales[8] - Accounts receivable increased significantly to RMB 10,164,361.59 from RMB 3,675,429.82, marking an increase of about 176.5%[15] - Contract liabilities surged by 438.65%, attributed to an increase in advance payments received[8] Operating Costs - Operating costs rose by 97.88%, correlating with the increase in sales revenue[8] - Total operating costs for Q1 2023 were RMB 20,489,442.83, compared to RMB 11,222,806.73 in Q1 2022, indicating an increase of about 82.5%[18] - The company's management expenses decreased to 429,980.18 from 462,443.84 year-over-year, showing a reduction of approximately 7%[19] - The company's management expenses decreased to CNY 293.77 million in Q1 2023 from CNY 433.41 million in Q1 2022, showing a reduction of about 32.3%[30] Other Financial Metrics - The weighted average return on equity for Q1 2023 was 0.78%, a decrease of 1.15% compared to the end of the previous year[6] - Interest income for Q1 2023 was reported at 1,425,691.25, a significant increase from 5,156.53 in Q1 2022, highlighting improved financial management[19] - The company reported a total non-current asset value of CNY 127.46 million in Q1 2023, slightly down from CNY 128.09 million in Q1 2022[28] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - The company has not disclosed any new product developments or market expansion strategies in the current report, indicating a potential area for future announcements[31] - The company did not apply new accounting standards or interpretations for the first quarter of 2023[35]

Financial Performance - The company reported a net profit of -1,216,237.09 yuan for 2022, a decrease of 140.88% compared to a net profit of 2,974,816.08 yuan in 2021[6]. - Total operating revenue for 2022 was 94,301,974.27 yuan, representing a decline of 58.09% from 225,031,370.27 yuan in 2021[24]. - Basic earnings per share for 2022 were -0.005 yuan, a decrease of 150.00% from 0.01 yuan in 2021[26]. - The weighted average return on equity for 2022 was -2.11%, down from 5.23% in 2021, indicating a significant decline in profitability[26]. - The company experienced a cash flow from operating activities of -15,664,680.86 yuan, a decrease of 327.81% compared to 6,876,120.61 yuan in 2021[25]. - The company reported a significant drop in revenue from core business activities, with a decrease of 59.04% in revenue after excluding non-core business income[24]. - The company reported non-recurring losses of CNY -9,532.51 million from non-current asset disposals in 2022[28]. - The company achieved operating revenue of 94.30 million yuan, a decrease of 58.09% compared to the previous year, which was 225.03 million yuan[41]. - The net profit attributable to shareholders was -1.22 million yuan, down from 2.97 million yuan in the same period last year, a decrease of 419.10 thousand yuan[41]. - The total liabilities increased by 359.03% year-on-year to 392.33 million yuan[41]. Business Operations and Strategy - The company plans not to distribute profits for 2022 and will not transfer capital reserves to increase share capital[6]. - The company is actively exploring new business opportunities to enhance sustainable growth and profitability[32]. - The company aims to strengthen its supply chain services and cost management in its core steel and coal trading business[32]. - The company plans to continue focusing on the coal industry, anticipating new growth points due to industry restructuring[34]. - The company is introducing new energy technology talents to prepare human resources for strategic layout[65]. - The company plans to strengthen team collaboration and focus on value creation while developing existing trade businesses[65]. - The company is in the process of renewing its audit firm for 2022, ensuring compliance and oversight[83]. - The company plans to invest in establishing a wholly-owned subsidiary, indicating a strategy for market expansion[86]. Governance and Compliance - The company has established a governance structure that complies with legal requirements, ensuring independent operation of the board and supervisory committee[71]. - The company emphasizes transparency in information disclosure, ensuring all shareholders have equal access to information[73]. - The company has implemented measures to maintain independence from controlling shareholders and related parties[74]. - The company held 3 shareholder meetings and 11 board meetings during the reporting period, ensuring compliance with governance regulations[72]. - The company has not faced any penalties from securities regulatory agencies in the past three years[82]. - The company has not reported any changes in share capital structure during the reporting period[119]. Risk Factors - The company has been placed under "delisting risk warning" due to negative net profit and operating revenue below 100 million yuan[10]. - The company reported a risk of delisting due to 2022 annual revenue being below 100 million and negative net profit[69]. - The company faces price risks influenced by global economic conditions and import/export policies, which could directly impact revenue[66]. - The management has expressed concerns regarding the company's ability to continue as a going concern, highlighting potential uncertainties that may affect future operations[144]. Assets and Liabilities - The company's total assets increased by 212.52% to 449,454,338.98 yuan at the end of 2022, compared to 143,815,845.04 yuan at the end of 2021[25]. - The company’s net assets attributable to shareholders decreased by 2.08% to 57,131,797.87 yuan at the end of 2022[25]. - The total liabilities of the company were CNY 392,325,138.66, compared to CNY 85,467,810.08 in 2021, which is an increase of approximately 359.5%[150]. - The total owner's equity at the end of the current period is CNY 224,226,822.00, with total equity attributable to the parent company at CNY 237,087,924.90[179]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 11,755, an increase from 11,017 reported previously[121]. - The largest shareholder, Xu Chengdong, holds 64,640,000 shares, representing 28.83% of the total shares[123]. - Jiangsu Xihua Private Fund Management Co., Ltd. holds 5,179,600 shares, accounting for 2.31% of the total shares[123]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[128]. Financial Reporting and Audit - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2022, in accordance with accounting standards[134]. - The financial statements have been prepared in accordance with the relevant accounting standards, ensuring a true and complete reflection of the company's financial status as of December 31, 2022[193]. - The company’s financial report was approved by the board of directors on April 27, 2023, and will be submitted for shareholder review[189]. Employee and Management Information - The company reported a total of 13 employees, with 4 in sales, 2 in technical roles, and 5 in administrative positions[91]. - The company has established a salary policy aimed at incentivizing employee contributions while adhering to local minimum wage standards[92]. - Total compensation for all directors, supervisors, and senior management during the reporting period amounted to 1.059 million yuan[80]. Environmental and Social Responsibility - The company did not allocate any funds for environmental protection during the reporting period, indicating a lack of investment in this area[103]. - No carbon reduction measures were implemented during the reporting period, reflecting a potential area for improvement in sustainability practices[104]. - The company has not disclosed a separate social responsibility or ESG report, indicating a gap in transparency regarding its social responsibility efforts[105].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 240,372,656.33, representing a year-on-year increase of 260.62%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 882,311.75, a decrease of 25.66% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also CNY 882,311.75, reflecting a decline of 25.66% year-on-year[5] - The basic earnings per share for Q3 2022 was CNY 0.004, down 60% from the previous year[6] - Net profit for the third quarter of 2022 was ¥1,012,333.29, a decrease from ¥3,917,838.62 in the same quarter of 2021, reflecting a decline of approximately 74.1%[17] - Basic earnings per share for the third quarter of 2022 were ¥0.005, down from ¥0.02 in the same quarter of 2021, representing a decrease of 75%[18] - The total comprehensive income for Q3 2022 was -1,003,625.91 RMB, reflecting the overall financial challenges faced during the period[30] Assets and Liabilities - The total assets as of September 30, 2022, amounted to CNY 424,909,365.28, an increase of 195.45% compared to the end of the previous year[6] - The total assets as of the end of the third quarter of 2022 amounted to ¥424,909,365.28, compared to ¥143,815,845.04 at the same time last year[15] - Total liabilities reached ¥365,548,997.03, up from ¥85,467,810.08 in the previous year, indicating a growth of approximately 328.5%[15] - The total liabilities increased to CNY 97,960,063.20 as of September 30, 2022, compared to CNY 82,660,246.12 at the end of 2021, indicating an increase of approximately 18.4%[26] - The company reported a net loss of CNY 406,602,146.82 in equity as of September 30, 2022, compared to a net loss of CNY 405,598,520.91 at the end of 2021, indicating a slight increase in losses[26] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 62,093,506.79, a decrease of 550.21% year-on-year[6] - The net cash flow from operating activities for Q3 2022 was -CNY 62,093,506.79, compared to -CNY 9,549,796.66 in Q3 2021, indicating a worsening cash flow situation[21] - Operating cash inflow for the first three quarters of 2022 was CNY 399,359,831.02, a significant increase from CNY 207,632,674.82 in the same period of 2021, representing an increase of approximately 92.2%[20] - The net cash flow from operating activities for the first three quarters of 2022 was 20,156,594.88 RMB, a recovery from a negative cash flow of -145.24 RMB in the first three quarters of 2021[31] - The company reported a net cash inflow from financing activities of CNY 50,803,100.83 in Q3 2022, compared to CNY 7,474,246.57 in Q3 2021, showing an increase of approximately 579.5%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,437[9] - The company's total equity attributable to shareholders was ¥59,360,368.25, slightly up from ¥58,348,034.96 in the previous year[15] Operational Metrics - The company experienced a 108.87% increase in operating income year-to-date compared to the same period last year[7] - The company's management expenses for the first three quarters of 2022 were CNY 1,513,219.34, a slight decrease from CNY 1,627,122.92 in the same period of 2021, showing a reduction of approximately 7.0%[28] - The company reported a credit impairment loss of ¥130,493.63 for the third quarter of 2022, compared to a loss of ¥62,345.32 in the same period of 2021[17] - The company experienced a credit impairment loss of -5,735.95 RMB in Q3 2022, compared to -46,804.41 RMB in the previous year[29] Current Assets - The company’s total current assets were ¥389,712,846.18, a significant increase from ¥108,654,413.71 in the previous year[15] - Cash and cash equivalents at the end of Q3 2022 were CNY 578,620.68, down from CNY 962,786.54 at the end of Q3 2021, reflecting a decrease of approximately 40.0%[22] - The cash and cash equivalents at the end of Q3 2022 were 5,799.45 RMB, slightly down from 5,644.00 RMB at the end of Q3 2021[32] - The company’s other receivables decreased significantly to CNY 1,361,077.27 as of September 30, 2022, from CNY 7,177,279.09 at the end of 2021, indicating a decrease of approximately 81.0%[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥103,314,102.02, representing a 5.55% increase compared to ¥97,886,210.11 in the same period last year[15]. - The net profit attributable to shareholders of the listed company decreased significantly by 95.24%, from ¥2,731,017.97 to ¥130,021.54[15]. - The net cash flow from operating activities was negative at -¥29,975,781.35, a decline of 598.54% compared to -¥4,291,235.42 in the previous year[15]. - The basic earnings per share dropped by 90.00%, from ¥0.01 to ¥0.001[16]. - The weighted average return on net assets decreased from 4.81% to 0.22%, a decline of 4.59 percentage points[17]. - Operating costs rose to CNY 102,175,550.09, reflecting a 9.09% increase from CNY 93,663,335.66 year-on-year, primarily due to increased sales[23]. - The net profit attributable to shareholders decreased by 95.24% to CNY 130,021.54, down from CNY 2,731,017.97, due to reduced custodial income[23]. - The total operating profit for the first half of 2022 was -909,589.56 million RMB, while the previous year reported a profit of 466,951 million RMB[66]. - The company reported a significant increase in cash received from financing activities, with 65,500,000.00 million RMB in the first half of 2022 compared to 18,710,000.00 million RMB in the same period of 2021[70]. Assets and Liabilities - Total assets increased by 49.74% to ¥215,344,496.94 from ¥143,815,845.04 at the end of the previous year[15]. - Cash and cash equivalents at the end of the period amounted to CNY 52,028,361.50, representing 24.16% of total assets, up 338.09% from CNY 11,876,305.64 last year[25]. - Other payables increased by 37.68% to CNY 79,389,369.90, compared to CNY 57,663,349.05 in the previous year, attributed to increased borrowings from related parties[25]. - Total liabilities reached CNY 156,866,440.44, compared to CNY 85,467,810.08 at the start of the period, showing an increase of approximately 83.5%[53]. - The total liabilities increased to CNY 101,346,893.22 in the first half of 2022 from CNY 82,660,246.12 in the first half of 2021, representing a growth of 22.5%[58]. Cash Flow - The company's cash flow from operating activities showed a significant decline, impacting overall financial health and future investment capabilities[60]. - Cash flow from operating activities showed a net outflow of -29,975,781.35 million RMB, a significant decrease from -4,291,235.42 million RMB in the first half of 2021[69]. - Cash inflow from financing activities amounted to CNY 21,500,000.00, while cash outflow was CNY 11,500,000.00, resulting in a net cash flow of CNY 10,000,000.00 from financing activities[74]. Business Operations - The company actively sought upstream and downstream partnerships in the steel and coal trade while expanding its fuel oil business during the reporting period[19]. - The management reported a significant impact on operations due to a reduction in entrusted income from a mining business, estimated to affect total profit by approximately ¥1,400,000[21]. - The company continues to provide quality supply chain services while maintaining existing trade customers[19]. - The company has strengthened the management of the intermediate circulation links in the steel and fuel oil trade to reduce sales costs[20]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 11,447, with no changes in the total number of shares or capital structure[41]. - Xu Chengdong holds 64,640,000 shares, representing 28.83% of the total shares, with no changes during the reporting period[43]. - The top ten shareholders include various investment funds, with the largest being Yuanfeng (Shenzhen) Asset Management Co., holding 4,577,800 shares, or 2.04%[43]. Legal and Regulatory Matters - The company is involved in a significant lawsuit regarding a debt collection case against Shandong Jiawei Group, with a claim amount of RMB 12,007,053.10, including principal of RMB 6.2 million and interest of RMB 5,807,053.10[38]. - The company is actively coordinating to respond to the Shanghai Stock Exchange's inquiry regarding its 2021 annual report, which may impact its stock risk warning status[28]. - The company has not faced any legal violations or penalties involving its directors, supervisors, or senior management during the reporting period[39]. Future Plans and Developments - The company plans to establish a wholly-owned subsidiary, Jiangxi Zeyu Lithium Energy Co., Ltd., with a registered capital of CNY 20 million to enhance its market presence in the new energy sector[27]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2022[34]. - The company has not indicated any new strategic initiatives or changes in business direction in the current report[39]. Accounting Policies and Estimates - The financial statements were prepared based on the assumption of going concern, in accordance with the relevant accounting standards[89]. - The company adheres to the Chinese accounting standards, ensuring that the financial reports are accurate and complete[90]. - The company relies on historical experience and judgment for significant accounting estimates, which may impact revenue, costs, and profits in the current and future periods[179].

Financial Performance - The company's operating revenue for Q1 2022 was ¥11,007,513.29, representing a decrease of 76.76% compared to the same period last year[5] - The net profit attributable to shareholders was -¥142,775.16, a decline of 106.28% year-on-year[5] - Total operating revenue for Q1 2022 was ¥11,007,513.29, a decrease of 76.8% compared to ¥47,369,135.95 in Q1 2021[16] - Net profit for Q1 2022 was a loss of ¥142,775.16, compared to a profit of ¥2,272,722.06 in Q1 2021, indicating a significant decline[17] - Operating profit for Q1 2022 was a loss of ¥214,545.99, compared to a profit of ¥2,384,533.90 in Q1 2021[17] - Total operating costs for Q1 2022 were ¥11,222,806.73, down from ¥45,022,514.14 in Q1 2021, reflecting a 75.1% decrease[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥9,322,751.13, reflecting a decrease of 761.92% compared to the previous year[5] - The company's cash and cash equivalents dropped significantly to ¥454,304.42 from ¥11,876,305.64, indicating liquidity challenges[12] - In Q1 2022, the company's cash inflow from operating activities was CNY 8,355,800.81, a significant decrease of 86.4% compared to CNY 61,349,450.86 in Q1 2021[19] - The net cash outflow from operating activities was CNY -9,322,751.13, compared to CNY -1,081,630.89 in the same period last year, indicating a worsening cash flow situation[20] - The total cash outflow from operating activities was CNY 17,678,551.94, down from CNY 62,431,081.75 in Q1 2021, reflecting a decline of 71.7%[19] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 454,304.42, down from CNY 6,433,281.08 at the end of Q1 2021, representing a decline of 92.9%[21] - The company is facing liquidity challenges, as indicated by the substantial decrease in cash and cash equivalents compared to the previous year[21] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥142,188,585.72, down 1.13% from the end of the previous year[6] - The total assets as of Q1 2022 amounted to ¥142,188,585.72, slightly down from ¥143,815,845.04 in the previous quarter[14] - Total liabilities for Q1 2022 were ¥83,983,325.92, compared to ¥85,467,810.08 in the previous quarter, showing a decrease of 1.7%[14] - The company's equity attributable to shareholders was ¥58,205,259.80, a slight decrease from ¥58,348,034.96 in the previous quarter[14] Shareholder Information - The company had a total of 15,145 common shareholders at the end of the reporting period[8] Future Outlook - The decline in revenue was primarily due to reduced construction activity and steel demand caused by local COVID-19 outbreaks[10] - The company anticipates a gradual recovery in steel revenue as the construction industry resumes operations following the easing of the pandemic[10] Tax and Financial Expenses - The company reported a tax expense of ¥71,770.83 for Q1 2022, compared to a tax benefit of ¥111,811.84 in Q1 2021[17] - The company incurred financial expenses of ¥4,708.33 in Q1 2022, down from ¥42,096.85 in Q1 2021[17] Accounts Receivable - Accounts receivable increased by 616.94%, indicating a rise in outstanding payments from customers[6] Employee Payments - The cash outflow for employee payments was CNY 292,921.87, a decrease from CNY 785,502.91 in Q1 2021, reflecting a reduction in workforce-related expenses[19]

Financial Performance - In 2021, the company achieved a net profit of CNY 2,974,816.08, a significant recovery from a net loss of CNY 15,425,708.97 in 2020, marking a 119.28% increase[5]. - The operating revenue for 2021 was CNY 225,031,370.27, representing a remarkable increase of 757.99% compared to CNY 26,227,836.50 in 2020[17]. - The company reported a basic earnings per share of CNY 0.01 in 2021, a turnaround from a loss of CNY 0.07 per share in 2020, reflecting a 114.29% improvement[18]. - The cash flow from operating activities showed a net inflow of CNY 6,876,120.61 in 2021, a significant recovery from a net outflow of CNY 5,174,466.55 in 2020, indicating a 232.89% increase[17]. - The company achieved a revenue of 225,031,370.27 CNY in 2021, representing a year-on-year increase of 757.99%[33]. - The net profit attributable to shareholders was 2,974,800 CNY, with a net profit of 849,000 CNY after deducting non-recurring gains and losses, marking a turnaround from losses[33]. - The company reported a significant increase in cash flow from operating activities, reaching 6,876,120.61 CNY, a 232.89% improvement[34]. - The company reported a net loss of RMB 404,107,038.94, slightly improved from a loss of RMB 407,081,855.02 in 2020[146]. - The total comprehensive income for the year was 2,974,816.08 RMB, reflecting the company's performance during the period[165]. Asset and Liability Management - The net asset attributable to shareholders increased by 5.37% to CNY 58,348,034.96 at the end of 2021, compared to CNY 55,373,218.88 at the end of 2020[17]. - Total assets at the end of the reporting period amounted to 143,815,800 CNY, an increase of 3.96% from the beginning of the year[33]. - The total liabilities increased by 2.86% to 85,467,800 CNY compared to the beginning of the year[33]. - The company's total equity attributable to shareholders was RMB 58,348,034.96, up from RMB 55,373,218.88, which is an increase of about 3.6%[146]. - The company's total liabilities were RMB 85,467,810.08, compared to RMB 82,963,074.85 in the previous year, showing an increase of approximately 3.0%[146]. - The company's current assets totaled RMB 108,654,413.71, down from RMB 126,037,374.84 in 2020, indicating a decrease of about 13.8%[145]. - The total amount of capital reserves transferred to increase capital stock is 9,532,509.07 RMB[181]. Operational Efficiency - The company managed to reduce management expenses by 40.60% to 2,573,834.81 CNY[34]. - The significant increase in trade sales has led to a notable rise in revenue, with the main business income from the trade sector reaching 166,163,575.14 RMB, while the cost of goods sold was 164,550,794.97 RMB, resulting in a gross margin of 0.97%[37]. - The gross profit margin for the construction materials sector decreased by 2.31 percentage points compared to the previous year, while the coal trade sector saw a decrease of 1.16 percentage points[37]. - The company has made significant progress in cash flow management, with a 77.22% reduction in accounts receivable, indicating effective collection efforts[44]. Strategic Initiatives - The company focused on enhancing its steel and coal trading operations, establishing efficient procurement and sales channels[26]. - The company plans to continue integrating upstream and downstream resources in the steel and coal industry while controlling financial risks[29]. - Future strategies include accelerating business transformation and exploring new business opportunities to enhance overall profitability and competitiveness[50]. - The company plans to strengthen its professional team and introduce technical talent to enhance service quality and optimize its business structure[49]. - The company is actively adjusting its industrial structure to explore new industries suitable for its development, aiming for sustainable growth[48]. Governance and Compliance - The company maintained transparency in information disclosure, ensuring that all shareholders received accurate and timely information[59]. - The company established a sound governance structure and internal control system to mitigate risks and protect assets[59]. - The company has not faced significant changes in competition or conflicts of interest with its controlling shareholders[60]. - The company plans to continue enhancing its governance and internal control measures to ensure compliance with regulations[59]. - The company emphasizes investor relations management, ensuring all shareholders, especially minority shareholders, have their legal rights protected through various communication channels[88]. Shareholder and Management Information - Total compensation for all directors, supervisors, and senior management during the reporting period amounted to CNY 746,400[66]. - Xu Chengyi, the chairman, received a pre-tax compensation of CNY 192,000[66]. - The company experienced changes in its board, with Hao Zhouming and Lin Hai resigning due to personal reasons[67]. - The total number of shares held by directors and supervisors at the beginning of the year was zero, and there were no changes during the year[66]. - The company has a structured salary management system for its senior management, which is approved by the board and shareholders[66]. Risk Management - The company faces price risks due to global economic fluctuations and trade policies, which could impact revenue; measures are being taken to manage these risks effectively[51]. - The company aims to improve its risk management framework to mitigate operational risks and enhance information technology capabilities[50]. - The supervisory board found no significant risks during the reporting period, indicating stable operations[72]. Audit and Financial Reporting - The audit report indicates that the financial statements fairly reflect the company's financial position as of December 31, 2021[132]. - The audit identified key audit matters related to revenue recognition, emphasizing the importance of internal controls[136]. - The internal control audit report received a standard unqualified opinion, reflecting the effectiveness of the internal control system[85]. - The audit committee approved the 2021 Q1 and Q2 reports unanimously, indicating strong governance practices[76]. Market Position and Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[162]. - The management emphasized the importance of strategic investments and potential mergers and acquisitions to drive future growth[162].

证券简称：*ST 园城 证券代码：600766 编 号：2021-079 烟台园城黄金股份有限公司 关于参加山东辖区上市公司投资者网上 集体接待日活动的公告 公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 为进一步加强上市公司与广大投资者的互动与交流工作，烟台园城黄金股份 有限公司（以下简称："公司"）将参加由山东证监局、山东上市公司协会与深 圳市全景网络有限公司共同举办的"2021 年度山东辖区上市公司投资者网上集 体接待日"主题活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景•路演天下"网站(http://rs.p5w.net/)参 与公司本次投资者网上接待日活动。网上互动交流时间为 2021 年11 月16日（星 期二）下午 14:00-16:00。 届时公司董事会秘书牟赛英女士、证券事务代表逄丽媛女士将采用网络在线 形式与投资者进行沟通交流。欢迎广大投资者积极参与。 特此公告。 烟台园城黄金股份有限公司 董事会 2021 年 11 月 12 日 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥66,656,211.62, representing a significant increase of 448.59% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥1,186,820.65, reflecting a year-on-year increase of 195.16%[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,186,820.65, with a substantial increase of 245.88% compared to the previous year[5]. - The basic earnings per share for Q3 2021 was ¥0.01, up 278.57% from the same period last year[6]. - The company experienced a year-to-date revenue increase of 749.33%, attributed to a significant rise in trade sales[10]. - The net profit for the year-to-date was up 325.89% compared to the same period last year, driven by increased revenue[10]. - The company reported a year-to-date net profit after deducting non-recurring gains and losses that increased by 401.17% compared to the previous year[10]. - The net profit for Q3 2021 was CNY 3,917,838.62, compared to a net loss of CNY 1,734,386.82 in Q3 2020, indicating a significant turnaround in performance[21]. - The company reported a total profit of CNY 4,091,087.73 for Q3 2021, compared to a total loss of CNY 1,755,722.97 in Q3 2020[21]. - The company incurred tax expenses of CNY 173,249.11 in Q3 2021, while in Q3 2020, it had a tax benefit of CNY 21,336.15[21]. - The company’s total comprehensive income for Q3 2021 was CNY 3,917,838.62, compared to a total comprehensive loss of CNY 1,734,386.82 in Q3 2020[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥173,061,804.67, marking a 25.10% increase from the end of the previous year[6]. - The equity attributable to shareholders increased to ¥59,291,057.50, which is a 7.08% rise compared to the end of the previous year[6]. - As of September 30, 2021, total assets amounted to CNY 173,061,804.67, up from CNY 138,336,293.73 at the end of 2020[18]. - The company’s total liabilities were CNY 113,770,747.17, compared to CNY 82,963,074.85 at the end of 2020[18]. - Shareholders' equity totaled CNY 59,291,057.50 as of September 30, 2021, compared to CNY 55,373,218.88 at the end of 2020[18]. Cash Flow and Working Capital - The net cash flow from operating activities for the year-to-date was -¥9,549,796.66, a decrease of 56.83% compared to the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2021 was a negative CNY 9,549,796.66, compared to a negative CNY 6,089,286.57 in the same period of 2020[24]. - The cash and cash equivalents at the end of Q3 2021 were CNY 962,786.54, down from CNY 1,449,185.25 at the end of Q3 2020[24]. - Cash and cash equivalents decreased to CNY 962,786.54 from CNY 3,038,336.63 at the end of 2020[16]. - Current assets totaled CNY 161,015,138.14 as of September 30, 2021, compared to CNY 126,037,374.84 at the end of 2020[16]. - Accounts receivable increased to CNY 4,698,092.19 from CNY 3,697,739.48 at the end of 2020[16]. - Inventory as of September 30, 2021, was CNY 97,488,833.96, up from CNY 94,805,839.84 at the end of 2020[16]. Operating Costs - Total operating revenue for the first three quarters of 2021 reached CNY 164,542,421.73, a significant increase from CNY 19,373,197.63 in the same period of 2020[20]. - Total operating costs for the first three quarters of 2021 were CNY 160,389,123.79, compared to CNY 20,468,201.37 in the first three quarters of 2020[20]. Financial Expenses - The company’s financial expenses in Q3 2021 were CNY 122,836.07, compared to CNY 52,317.07 in Q3 2020, indicating an increase in financial costs[21]. - The company’s total cash inflow from financing activities in Q3 2021 was CNY 23,710,000.00, compared to CNY 6,420,000.00 in Q3 2020[24].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 97,886,210.11, representing a 1,255.24% increase compared to CNY 7,222,785.78 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2021 was CNY 2,731,017.97, a significant turnaround from a loss of CNY 487,247.08 in the previous year, marking a 660.50% increase[15]. - Basic earnings per share for the first half of 2021 were CNY 0.01, a 554.55% increase from a loss of CNY -0.0022 in the same period last year[16]. - The weighted average return on equity increased to 4.81% from -0.80% in the previous year, reflecting a significant improvement[16]. - The company's net profit for the first half of 2021 was CNY 2,731,017.97, compared to a net loss of CNY 487,247.08 in the same period of 2020, representing a significant turnaround[73]. - The operating profit for the first half of 2021 was CNY 2,846,913.64, compared to a loss of CNY 498,985.39 in the same period of 2020, showing a substantial improvement[73]. - Total comprehensive income for the first half of 2021 was CNY 2,731,017.97, compared to a total comprehensive loss of CNY 487,247.08 in the same period of 2020[74]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -4,291,235.42, worsening by 15.96% compared to CNY -3,700,749.20 in the same period last year[15]. - The company reported a decrease in cash and cash equivalents from CNY 3,038 million at the end of 2020 to CNY 2,707 million by June 30, 2021[64]. - The company reported a net decrease in cash and cash equivalents of 331,649.13 RMB, compared to a decrease of 51,777.86 RMB in the same period last year[83]. - The ending balance of cash and cash equivalents was 2,706,687.50 RMB, up from 2,038,788.47 RMB at the end of the previous year[83]. - The company incurred a credit impairment loss of CNY 25,639.92 in the first half of 2021, a decrease of 49.5% compared to CNY 49,678.63 in the first half of 2020[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 149,041,167.61, an increase of 7.74% from CNY 138,336,293.73 at the end of the previous year[15]. - Current liabilities totaled ¥90,936,930.76 as of June 30, 2021, compared to ¥82,963,074.85 at the end of 2020, marking an increase of about 9.4%[66]. - The total liabilities as of June 30, 2021, were ¥90,936,930.76, compared to ¥82,963,074.85 at the end of 2020, indicating an increase of about 9.4%[66]. - The total equity as of June 30, 2021, was ¥58,104,236.85, up from ¥55,373,218.88 at the end of 2020, showing a growth of approximately 4.0%[66]. Operational Efficiency - The operating cost also surged to ¥93,663,335.66, reflecting a 1,564.55% increase from ¥5,626,956.50, primarily due to the substantial growth in trade sales[25]. - Management expenses decreased by 26.76% to ¥1,151,287.83, attributed to reduced salary costs[25]. - Financial expenses increased by 248.38% to ¥71,263.09, resulting from increased external financing[25]. - The company established efficient and stable procurement and sales channels for steel and coal, enhancing its market position and resource integration capabilities[22]. Investments and Acquisitions - The company signed a share transfer agreement to acquire an 11% stake in Shandong Huayuan New Material Technology Co., Ltd., expanding its investment in the concrete business[29]. - The company acquired 11% equity in Shandong Huayuan New Material Technology Co., Ltd. from Xu Chengdong, corresponding to an unpaid capital contribution of RMB 2.86 million[45]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 27,518[53]. - The largest shareholder, Xu Chengdong, holds 64,640,000 shares, representing 28.83% of the total shares[55]. Legal and Compliance - The report indicates that the financial statements have not been audited, and the board of directors guarantees the accuracy and completeness of the report[5]. - The company has no significant litigation or arbitration matters reported during the period[41]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[41]. Taxation and Government Grants - The corporate income tax rate for companies not enjoying preferential tax policies is set at 25%[196]. - The company reported a government subsidy of CNY 443.11 included in the non-operating income[17]. - Government grants are recognized at the actual amount received and measured based on the conditions set by relevant government policies[184]. Accounting Policies and Financial Reporting - The financial statements comply with the requirements of the Chinese Accounting Standards and reflect the company's financial position as of June 30, 2021[104]. - The company has adopted a fiscal year that aligns with the calendar year, running from January 1 to December 31[105]. - The company’s financial statements are prepared on a going concern basis, indicating ongoing operational viability[102]. - The company confirmed that it will recognize 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[111].

Financial Performance - Operating revenue surged by 5,316.17% to CNY 47,369,135.95 from CNY 874,587.46 year-on-year[5] - Net profit attributable to shareholders reached CNY 2,272,722.06, a significant increase from a loss of CNY 56,747.33 in the same period last year, marking a growth of 4,104.99%[5] - The company reported a net loss of -404,809,132.96 RMB for Q1 2021, slightly improved from -407,081,855.02 RMB in the previous period[18] - Total operating revenue for Q1 2021 reached ¥47,369,135.95, a significant increase from ¥874,587.46 in Q1 2020, representing a growth of approximately 5,400%[23] - The net profit for Q1 2021 was ¥2,272,722.06, a turnaround from a net loss of ¥56,747.33 in Q1 2020[24] - The gross profit margin for Q1 2021 was approximately 4.97%, compared to a negative margin in Q1 2020[24] - The company reported a basic and diluted earnings per share of ¥0.01 for Q1 2021, compared to a loss per share in Q1 2020[25] Assets and Liabilities - Total assets increased by 10.77% to CNY 153,231,618.90 compared to the end of the previous year[5] - Total current assets increased to 141,033,008.45 RMB in Q1 2021, up from 126,037,374.84 RMB at the end of 2020, reflecting a growth rate of approximately 11.5%[16] - Total liabilities amounted to 95,585,677.96 RMB in Q1 2021, up from 82,963,074.85 RMB at the end of 2020, representing a growth of approximately 15.2%[17] - Total liabilities amounted to ¥82,472,350.46, slightly down from ¥82,698,623.59 in the previous period[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -1,081,630.89, a decline of 1,792.42% compared to the previous year[5] - Operating cash flow for Q1 2021 was -1,081,630.89 RMB, a significant decrease from 63,910.24 RMB in the previous period, primarily due to an increase in prepaid purchase payments[13] - The total cash inflow from operating activities was ¥61,349,450.86 in Q1 2021, compared to ¥1,161,399.59 in Q1 2020[29] - The cash outflow for purchasing goods and services was ¥60,980,096.93 in Q1 2021, a substantial increase from ¥42,727.50 in Q1 2020[29] - The total cash inflow from financing activities was ¥14,210,000.00 in Q1 2021, while cash outflow for financing activities was ¥9,733,424.66, resulting in a net cash flow of ¥4,476,575.34[30] Shareholder Information - The number of shareholders reached 40,374, indicating a broadening of the shareholder base[10] - The top shareholder, Xu Chengdong, holds 28.83% of the shares, totaling 64,640,000 shares[10] Expenses - Financial expenses increased by 2,530.81% to CNY 42,096.85 due to increased external financing[12] - The company incurred management expenses of ¥552,215.69 in Q1 2021, down from ¥774,756.36 in Q1 2020, a reduction of approximately 29%[24] - Financial expenses for Q1 2021 were ¥42,096.85, significantly lower than ¥1,600.15 in Q1 2020, indicating a decrease of about 97%[24] Other Information - The company has not reported any overdue commitments or significant changes in net profit expectations for the upcoming period[13] - There are no updates on new product developments or market expansion strategies mentioned in the report[13]