Financial Performance - The company's operating revenue for 2021 was approximately ¥13.72 billion, a decrease of 6.63% compared to ¥14.70 billion in 2020[21]. - The net profit attributable to shareholders of the listed company was approximately -¥1.72 billion, representing a decline of 814.81% from a profit of ¥240.45 million in 2020[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥1.17 billion, a decrease of 1,997.84% compared to ¥61.46 million in 2020[21]. - The total assets at the end of 2021 were approximately ¥44.30 billion, a decrease of 5.53% from ¥46.90 billion at the end of 2020[21]. - The net assets attributable to shareholders of the listed company decreased to approximately ¥19.41 billion, down 8.09% from ¥21.12 billion at the end of 2020[21]. - The basic earnings per share was -0.4697 RMB, showing a significant decline of 814.92% compared to the previous year[23]. - The diluted earnings per share also stood at -0.4697 RMB, reflecting the same percentage decrease[23]. - The weighted average return on equity was -8.48%, a decrease of 9.62 percentage points from the previous year[23]. - The company reported a net profit attributable to shareholders of -1.719 billion yuan for the fiscal year 2021, primarily due to credit impairment losses and increased financial expenses[160]. - The company plans not to distribute cash dividends for the fiscal year 2021, as it does not meet the conditions for cash dividends according to its articles of association[161]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to approximately ¥500 million, up 938.64% from ¥48.14 million in 2020[21]. - The company reported a net cash flow from operating activities of CNY 499.993 million, a significant increase of 938.64% year-on-year[71]. - The company’s total investment cash payments decreased by 43.25% to CNY 40,258,782,211.28, reflecting a reduction in financial management scale[85]. - The company plans to accelerate cash flow and reduce debt by promoting asset disposal and managing existing projects more effectively[91]. Revenue by Segment - In 2021, the company's rice processing and sales generated revenue of CNY 1.853 billion, a year-on-year decline of 33.78% due to reduced consumer demand and the impact of the pandemic[33]. - The company's oil processing segment achieved revenue of CNY 3.286 billion, a year-on-year increase of 12.57%, but reported a net loss of CNY 93 million due to rising raw material costs and price pressures[35]. - The company's soybean product segment generated revenue of CNY 140 million, a year-on-year decrease of 0.88%, with net profit declining by 11.43% due to customer and order losses from pandemic control measures[36]. - The agricultural product trading and supply chain finance business achieved revenue of CNY 9.762 billion, a year-on-year increase of 8.62%, with a trading volume of nearly 4 million tons[37]. - The agricultural product processing and sales segment generated revenue of CNY 15.035 billion, a decrease of 2.12% year-on-year[72]. Strategic Initiatives and Future Plans - The company plans to focus on high-value industries such as high-moisture plant-based protein and seawater potassium extraction to enhance its product offerings[30]. - The company is actively adjusting its production and product structure in response to market changes and increasing competition[30]. - The company is enhancing its product structure to meet community group buying channel demands, which has led to a gradual increase in market share[33]. - The company is committed to developing high-value-added agricultural products and health foods, with a focus on innovation and market trends[120]. - For 2022, the company aims for operating revenue of 15.5 billion yuan, driven by modern agriculture and health food sectors, along with expected cost recoveries from land development projects[121]. Risk Management - The company faces various risks as detailed in the management discussion and analysis section of the report[7]. - The company emphasizes the importance of investment risk awareness for investors regarding future plans and strategies[6]. - The company faces risks from high grain prices influenced by global commodity fluctuations and potential supply imbalances due to ongoing pandemic effects[124]. - The company will seek to mitigate risks in its real estate business due to ongoing pandemic impacts and regulatory challenges affecting asset disposal[125]. Corporate Governance and Management - The company appointed Sun Mingtao as the new CEO, effective from February 4, 2021, following the board's approval[134]. - The company has seen changes in its executive team, with notable resignations and appointments in key positions[143]. - The company has established a compensation and benefits system that is internally equitable and competitive in the market, aligning with its overall development strategy[157]. - The company has a training plan that includes leadership programs and management trainee development initiatives[158]. - The company’s board of directors approved the 2021 annual profit distribution plan with a vote of 9 in favor, 0 against, and 0 abstentions[160]. Environmental and Social Responsibility - The company’s subsidiary, Xiamen Yinxiang Oil Co., Ltd., reduced SO2 emissions from 28 tons to 13.08 tons through boiler renovation[177]. - Energy consumption decreased by 1,796.36 tons of standard coal in 2021 compared to 2020, resulting in a reduction of 4,778.32 tons of CO2 emissions[177]. - The company has obtained the environmental impact assessment approval and passed the environmental protection acceptance inspection for its projects[173]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[175]. Restructuring and Compliance - The company is in the process of restructuring, which includes issuing shares and cash for asset purchases, with detailed proposals submitted for board approval[145]. - The company has committed to providing truthful and complete information regarding the ownership status of the assets involved in the restructuring[180]. - The company has confirmed that all performance commitments related to the restructuring will be fulfilled by December 31, 2021[180]. - The company has not been involved in any major civil litigation or arbitration related to economic disputes in the last five years[191]. - The company has not been subject to any administrative regulatory measures or disciplinary actions by the China Securities Regulatory Commission (CSRC) in the last thirty-six months[200].

Financial Performance - The company's consolidated net profit attributable to shareholders for 2022 was -¥995.44 million, an improvement from -¥1.72 billion in 2021[6] - Total operating revenue for 2022 was ¥11.26 billion, a decrease of 17.95% compared to ¥13.72 billion in 2021[23] - The net cash flow from operating activities was ¥380.29 million, down 23.94% from ¥499.99 million in the previous year[23] - The total assets as of the end of 2022 were ¥42.23 billion, a decline of 4.67% from ¥44.30 billion at the end of 2021[23] - The net assets attributable to shareholders decreased by 5.60% to ¥18.33 billion from ¥19.41 billion in 2021[23] - The company reported a decrease in the total share capital to ¥3.66 billion, down 1.49% from ¥3.71 billion in 2021[23] - Basic and diluted earnings per share for 2022 were both -RMB 0.2721, compared to -RMB 0.4697 in 2021[24] - The weighted average return on equity improved to -5.28% from -8.48% in the previous year, an increase of 3.20 percentage points[24] - The company reported non-recurring gains and losses totaling -RMB 70.232 million for 2022, compared to -RMB 552.418 million in 2021[28] - The company reported a net profit attributable to shareholders of -996 million yuan for the year 2022, with a net profit of 878 million yuan for the parent company[146] Dividend and Capital Management - The company plans not to distribute cash dividends or increase capital reserves for 2022 due to its profit situation and operational needs[6] - The company’s cash dividend policy remains unchanged, with no adjustments made during the reporting period[145] - The company decided not to distribute cash dividends for 2022 due to a decline in core business performance and a net loss in the real estate sector[147] - As of December 31, 2022, the company had undistributed profits amounting to 2.452 billion yuan[146] Business Operations and Challenges - The company faced challenges in its real estate business, with asset disposal progress not meeting expectations due to market conditions and increased financing costs[32] - The company reported a significant impairment loss and credit impairment loss in Q4 2022, impacting overall profitability[26] - The company’s agricultural product processing sales generated main business revenue of CNY 12.80 billion, a year-on-year decrease of 14.85%, with main business costs of CNY 12.85 billion, down 13.20% year-on-year[63] - The revenue from oil processing sales was CNY 2.03 billion, a year-on-year decline of 40.63%, while the main business cost was CNY 2.16 billion, down 33.99% year-on-year[63] - The company’s land and real estate development business generated revenue of CNY 42 million, a year-on-year decrease of 10.97%, with costs down 46.77%[64] Strategic Initiatives and Future Plans - The company is actively pursuing new profit growth points, including the seawater potassium extraction project and the acquisition of a 25% stake in United Energy Group, both of which are progressing smoothly[34] - The company plans to continue optimizing its business structure and risk management in response to challenging market conditions, with expectations of improved performance as the domestic economy recovers[34] - The company aims to enhance profit margins by developing sales channels for cottonseed and rapeseed processing products and reducing procurement costs through partnerships with large state-owned enterprises[108] - The company is focused on optimizing its industrial structure and creating new profit growth points through the acquisition of a 25% stake in United Energy Group and advancing the seawater potassium extraction project[108] Environmental and Compliance Efforts - The company invested 71.01 million yuan in environmental protection during the reporting period[153] - The total SO2 emissions for 2022 were 0.809 tons, significantly lower than the approved total of 13.08 tons[156] - The total particulate matter emissions for 2022 were 0.672 tons, well below the approved total of 9 tons[156] - The company implemented measures that resulted in a reduction of 11,815 tons of carbon dioxide equivalent emissions[157] - The company has established mechanisms for environmental protection and compliance with relevant regulations[154] Governance and Management Changes - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 8.182 million CNY[118] - The company appointed Party Rongyi as the Chief Financial Officer and Secretary of the Board, with a term aligned with the current board's tenure[118] - The company saw the resignation of three senior executives, including Hu Zengzheng and Tian Jian, due to personal reasons[119] - The company’s Chairman and President, Sun Mingtao, has a background in engineering and law, previously serving as Vice President of Dongfang Group[120] Legal and Regulatory Matters - The company faced a significant lawsuit involving a claim of RMB 1.3 billion related to a contract dispute with Shandong Tian Shang, which has been resolved through a mutual agreement[198] - The company agreed to return an initial payment of RMB 1 billion to Shandong Tian Shang along with interest, with the agreement approved in a shareholder meeting on March 25, 2022[199] - The company has not reported any major accounting errors or changes in accounting policies that would significantly affect the financial statements[195] - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[197] Research and Development - The company has 16 R&D personnel, accounting for 1.37% of total employees, with a diverse educational background[74] - R&D expenses totaled CNY 6.88 million, representing 0.06% of operating revenue[73] - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies and product development[121] Market and Sales Performance - The company’s agricultural product trading business achieved a revenue of 10.115 billion yuan, reflecting a year-on-year growth of 3.62%[39] - The company optimized its product SKU from over 200 at the beginning of the year to 71 core products by year-end, with high-end and mid-high-end product sales increasing by 87%, rising from 14.8% to 24% of total sales[49] - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous year[121] - The company provided a positive outlook for 2023, projecting a revenue growth of 25% and aiming to reach 1.875 billion[121]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,108,519,619.40, a decrease of 20.99% compared to ¥6,465,963,350.71 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥26,091,555.89, down 89.63% from ¥251,536,436.70 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,377,821.82, a decline of 95.56% from ¥233,608,500.67 year-on-year[20]. - The net cash flow from operating activities was ¥389,578,536.13, slightly down by 1.67% from ¥396,183,542.81 in the previous year[20]. - Basic earnings per share for the first half of 2022 were ¥0.0071, down 89.67% from ¥0.0687 in the same period last year[21]. - The weighted average return on net assets was 0.13%, a decrease of 1.05 percentage points from 1.18% in the previous year[21]. - The gross profit margin for agricultural product processing sales was 0.42%, a decrease of 2.42 percentage points year-on-year[54]. - The company's main business revenue for the first half of 2022 was 5.085 billion yuan, a year-on-year decrease of 25.03% due to reduced sales in oil processing and rice processing[52]. - The net profit attributable to shareholders for the reporting period was 26 million yuan, down 89.63% year-on-year, primarily due to increased financing costs in the real estate sector and losses in oil processing[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥44,974,364,299.43, an increase of 1.52% compared to ¥44,300,763,694.50 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥19,400,065,207.28, a slight decrease of 0.07% from ¥19,414,186,363.47 at the end of the previous year[20]. - Total liabilities increased to CNY 25,509,765,521.06 from CNY 24,751,529,259.66, reflecting a growth of approximately 3.1%[175]. - The company's total assets at the end of the reporting period were CNY 35,914,039,388.39, slightly down from CNY 36,333,367,371.52 at the beginning of the period[179]. - The total liabilities at the end of the reporting period are CNY 19,464,598,778.37, showing a slight increase compared to the previous year[196]. Market and Business Operations - The company has established a comprehensive modern agriculture industry system, integrating planting, processing, logistics, and financial services, focusing on rice, oil, and bean products[24]. - The company has cultivated 13,000 acres of land in the core rice production area, ensuring high-quality rice production through strict quality control[25]. - In the first half of 2022, the company maintained a top ten brand position in rice sales through traditional retail and e-commerce channels, expanding its presence in community group buying platforms[26]. - The oil processing segment has achieved a processing capacity of 1,500 tons per day for cottonseed, becoming a large-scale oil processing enterprise with a three-oil extraction system[27]. - The company is actively promoting the seawater potassium extraction project, aiming for an annual production capacity of 200,000 tons of potassium chloride[31]. - The domestic rice market has remained stable despite fluctuations due to the Russia-Ukraine conflict, with the company adjusting its sales strategy to focus on key channels[33]. - The oil processing industry has seen a significant recovery in profit margins due to rising domestic oilseed prices, despite ongoing high import costs[35]. Research and Development - Research and development expenses increased significantly by 329.40% to ¥2,930,551.48 from ¥682,475.84 in the previous year[65]. - The company has developed 52 SKUs for high-moisture plant-based meat products, with nine products already on the market and plans to expand into new retail channels[32]. - The company has developed a high-moisture plant protein meat production line, which has a carbon emission rate only 10% of that of animal meat, significantly improving grain conversion efficiency[43]. Environmental and Compliance - The company has complied with local air pollution discharge standards, with no instances of exceeding emission limits reported[100]. - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental authority[100]. - The company has confirmed that there were no administrative penalties related to environmental issues during the reporting period[101]. Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[98]. - The company has committed to a 36-month lock-up period for shares obtained through the restructuring, with conditions for extension based on stock performance[115]. - The company has committed to timely ownership transfer of the assets involved in the restructuring, bearing all related responsibilities[117]. Strategic Initiatives - The company is actively seeking partnerships for the ongoing urban renewal projects, with plans to extend authorization for the projects[88]. - The company plans to enhance its agricultural supply chain financial services while addressing risks related to the macroeconomic environment and credit quality[81]. - The company is focusing on community group buying and new retail markets to adapt to changing consumer habits, with revenue from these channels showing growth[55].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,941,752,863.03, a decrease of 23.38% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 96,537,371.11, an increase of 725.67% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 60,454,575.19, up 57.52% from the previous year[3]. - Basic earnings per share were CNY 0.0264, reflecting a 725.00% increase year-on-year[3]. - Total operating revenue for Q1 2023 was approximately ¥1.94 billion, a decrease of 23.5% compared to ¥2.54 billion in Q1 2022[15]. - Net profit for Q1 2023 was approximately ¥78.59 million, a significant recovery from a net loss of ¥20.45 million in Q1 2022[16]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.0264, compared to ¥0.0032 in Q1 2022[17]. - The company reported a total comprehensive income of approximately ¥111.55 million in Q1 2023, compared to a loss of ¥66.68 million in Q1 2022[17]. Cash Flow - The net cash flow from operating activities was CNY 73,076,617.14, down 27.63% compared to the same period last year[3]. - Cash flow from operating activities in Q1 2023 was approximately ¥73.08 million, down from ¥100.98 million in Q1 2022[19]. - Cash inflow from investment activities in Q1 2023 was approximately ¥1.71 billion, compared to ¥3.60 billion in Q1 2022[19]. - Cash outflow from investment activities in Q1 2023 was approximately ¥1.14 billion, a decrease from ¥3.39 billion in Q1 2022[19]. - Cash inflow from financing activities totaled $3,930,727,233.11, a decrease of 8.6% from $4,302,507,547.76 in the previous year[20]. - Cash outflow from financing activities amounted to $4,272,240,523.76, down 15.4% from $5,049,220,950.79 year-over-year[20]. - Net cash flow from financing activities was -$341,513,290.65, an improvement from -$746,713,403.03 in the same period last year[20]. - The net increase in cash and cash equivalents was $303,515,051.06, compared to a decrease of $436,447,066.86 in the previous year[20]. - The ending balance of cash and cash equivalents was $3,147,152,228.35, slightly up from $3,126,363,426.83 year-over-year[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 41,633,286,225.13, a decrease of 1.41% from the end of the previous year[3]. - The company's total liabilities were reported at CNY 23,315,186,040.00, down from CNY 23,984,403,378.81 in the previous year[13]. - Current assets totaled CNY 17,205,437,463.52, a decline from CNY 18,063,588,031.08 as of December 31, 2022[11]. - Cash and cash equivalents were CNY 4,725,039,108.26, compared to CNY 4,801,975,664.98 at the end of 2022[11]. - The company's inventory stood at CNY 7,146,468,484.00, slightly down from CNY 7,171,094,723.24[11]. - Long-term equity investments increased to CNY 17,350,099,348.24 from CNY 17,061,081,798.94[11]. - The total owner's equity was CNY 18,318,100,185.13, a slight increase from CNY 18,245,903,158.11[13]. - The company reported a decrease in short-term borrowings to CNY 9,769,237,440.69 from CNY 10,181,926,725.60[12]. - The total liabilities to equity ratio is approximately 1.27, indicating a stable leverage position[13]. Non-Recurring Items - Non-recurring gains and losses totaled CNY 36,082,795.92, with significant contributions from asset disposals and government subsidies[4]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 112,842[7]. Market Activity - The company has not reported any significant new product developments or market expansions during this quarter[9].

Financial Performance - The company's operating revenue for 2020 was approximately ¥14.70 billion, an increase of 11.69% compared to ¥13.16 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥240.45 million, a decrease of 58.80% from ¥583.63 million in 2019[23]. - The net cash flow from operating activities was approximately ¥48.14 million, a significant decrease of 98.55% compared to ¥3.32 billion in 2019[23]. - The total assets at the end of 2020 were approximately ¥46.90 billion, a slight increase of 0.59% from ¥46.62 billion at the end of 2019[23]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥21.12 billion, an increase of 0.50% from ¥21.02 billion at the end of 2019[23]. - Basic earnings per share for 2020 were ¥0.0657, down 58.44% from ¥0.1581 in 2019[24]. - The weighted average return on equity for 2020 was 1.14%, a decrease of 1.66 percentage points from 2.80% in 2019[24]. - The company did not propose any cash dividends or capital reserve transfers for the 2020 profit distribution plan[6]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 of 2020 was approximately ¥2.70 billion, ¥3.66 billion, ¥4.30 billion, and ¥4.05 billion respectively, showing a significant increase in the first three quarters before a decline in Q4[26]. - The net profit attributable to shareholders for Q4 was a loss of approximately ¥237.46 million, contrasting with profits of ¥227.36 million, ¥128.84 million, and ¥121.70 million in the first three quarters[26]. - The oil processing segment, Oriental Yinxiang, reported a revenue of 2.919 billion yuan, a significant increase of 108.44%, with a net profit of 159 million yuan, up 172.92%[57]. - The company’s bean products segment achieved a revenue of 141 million yuan, growing by 30.11%, and a net profit of 15.25 million yuan, an increase of 35.92%[57]. - The agricultural product processing and sales business generated a revenue of 15.36 billion RMB, an increase of 23.26% year-on-year[67]. Investment and Assets - The company's total assets reached 46.90 billion RMB by the end of 2020, reflecting a growth of 0.59%[64]. - The total investment in land development projects is estimated at CNY 94.76 billion, with CNY 64.10 billion already invested by the end of the reporting period[90]. - The total balance of equity investments at the end of the reporting period is CNY 16,083,326,056.16, with a decrease of CNY 128,202,625.88 during the period[101]. - The investment in joint ventures includes a significant reduction of CNY 16,114,139.43 in Beijing Qinglonghu Shengtong Real Estate Development Co., Ltd., bringing the ending balance to CNY 26,449,058.52[99]. Market and Product Development - The company has established a comprehensive rice processing and sales system, with a total of 13,000 acres of land for organic rice production and a product line consisting of 52 rice products[33]. - The company is actively exploring high-value-added areas in agricultural processing and is accelerating the research and development of rice bran applications in food and health sectors[34]. - The company is expanding its sales channels, targeting second and third-tier cities, and has established a new retail department to explore community group buying markets[47]. - The company is focusing on enhancing its fresh soybean product processing and expanding its market presence in the fresh food sector, particularly in the hot pot ingredient market[113]. - The company is accelerating the development of its plant-based meat project, with plans to complete production line construction and achieve mass production[113]. Risk Management and Challenges - The company faced significant risks as outlined in the report, which investors are advised to consider[9]. - The company is addressing potential risks from fluctuating grain prices due to the ongoing COVID-19 pandemic and is exploring new business opportunities to build resilience[114]. - The company has implemented cost control measures and adjusted product pricing and structure to mitigate the impact of rising costs and market challenges during the pandemic[54]. Corporate Governance and Shareholder Information - The company has no major litigation or arbitration matters in the current year[134]. - The total number of ordinary shareholders at the end of the reporting period was 89,979, an increase from 89,341 in the previous month[164]. - The top shareholder, Tibet Dongfang Runlan Investment Co., Ltd., holds 608,854,587 shares, accounting for 16.39% of total shares[166]. - The company has no strategic investors or general legal entities becoming top 10 shareholders during the reporting period[168]. - The company maintains independence from its controlling shareholder in business, personnel, and financial matters[196]. Employee and Executive Compensation - Total remuneration for directors, supervisors, and senior management in 2020 amounted to RMB 11.312 million (pre-tax)[189]. - The company employed a total of 1,071 staff, including 68 in the parent company and 1,003 in major subsidiaries[191]. - The company has a structured salary system combining basic and performance-based salaries for non-independent directors and senior management[193]. Future Outlook and Strategic Plans - The company plans to achieve a revenue target of 18 billion yuan in 2021, primarily from modern agriculture and health food industries, as well as expected cost recoveries from land development projects[112]. - Future guidance suggests a projected revenue growth of 15% for the next fiscal year, driven by new market strategies and product offerings[179]. - The company is actively pursuing mergers and acquisitions to strengthen its market position[182]. - The board of directors has approved a new strategic plan aimed at increasing market share by 25% over the next three years[179].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 6.35 billion, representing a 13.95% increase compared to RMB 5.58 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was approximately RMB 356.21 million, a slight increase of 1.25% from RMB 351.79 million in the previous year[18]. - The basic earnings per share for the first half of 2020 were RMB 0.0973, up 2.53% from RMB 0.0949 in the same period last year[19]. - The company achieved a total revenue of 6.353 billion yuan, representing a year-on-year growth of 13.95%[42]. - The net profit attributable to shareholders of the listed company was 356 million yuan, an increase of 1.25% year-on-year[42]. - The operating costs increased to 6.12 billion yuan, reflecting an 11.73% rise year-on-year due to higher sales in the agricultural processing sector[63]. - The company reported a total comprehensive income of ¥306,470,407.23, down from ¥342,170,469.18 in the previous year[132]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately RMB -586.55 million, a significant decrease of 119.87% compared to RMB 2.95 billion in the same period last year[18]. - The cash inflow from financing activities for the first half of 2020 was 692,549,221.67 RMB, contrasting with a negative cash flow of -4,282,356,850.43 RMB in the same period of 2019, showing a turnaround in financing activities[135]. - The total cash and cash equivalents at the end of the first half of 2020 amounted to 4,177,283,079.91 RMB, an increase from 3,673,757,262.66 RMB at the end of the first half of 2019[135]. - The cash outflow from operating activities totaled 8,483,033,297.60 RMB in the first half of 2020, compared to 8,794,494,818.48 RMB in the same period of 2019, indicating a slight decrease of about 3.5%[135]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 47.66 billion, an increase of 2.23% from RMB 46.62 billion at the end of the previous year[18]. - The company's total liabilities increased to CNY 26.038 billion from CNY 25.297 billion, reflecting a rise of 2.93%[126]. - The company's cash and cash equivalents at the end of the period amounted to CNY 990,410,876.78, slightly up from CNY 959,944,208.16 at the beginning of the period[69]. - The total liabilities at the end of the reporting period were 21,032,225,264.96 CNY, compared to 20,636,729,855.35 CNY in the previous period[142]. Business Operations and Strategy - The company’s main business includes modern agriculture and health food industry, new urbanization development, financial industry, and port industry[22]. - The company is involved in real estate development, focusing on a 121 square kilometer area in Beijing's Qinglonghu region, aiming to create an eco-tourism and health resort[26]. - The company has established a green organic rice production base covering 13,000 acres in the core production area of Wuchang, ensuring product quality through a comprehensive logistics system[23]. - The company is expanding its marketing strategies to include new models such as live streaming sales and drop shipping to meet consumer demand for healthy and quality food[23]. Investments and Partnerships - The company has established a strategic partnership with Xiamen Jianfa Group to enhance its supply chain capabilities[49]. - The company has obtained various financial licenses, including agricultural financial leasing and supply chain finance, to support the agricultural industry[27]. - The company has developed a comprehensive agricultural supply chain service platform through the acquisition of China Corn Network, focusing on industry research and financial services[33]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 84,223[101]. - The largest shareholder, Tibet Oriental Runlan Investment Co., Ltd., held 608,854,587 shares, accounting for 16.39% of total shares[102]. - The total equity attributable to the parent company as of June 30, 2020, is CNY 21,016,239,832.28, with a total equity of CNY 21,323,023,004.64[139]. Accounting and Financial Reporting - The company's financial statements were approved by the board of directors on August 28, 2020[146]. - The financial statements are prepared based on actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[152]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[153]. - The company recognizes expenses related to mergers, such as audit and legal fees, in the current period's profit and loss[162]. Risk Management - The company is enhancing risk management capabilities in its agricultural finance sector to address potential credit risks[80]. - The company is actively monitoring agricultural market fluctuations and adjusting production plans to mitigate risks associated with price volatility[78]. - The company assesses expected credit losses based on individual and collective evaluations of financial instruments, considering past events, current conditions, and reasonable forecasts of future economic conditions[194].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 6,465,963,350.71, representing a year-on-year increase of 1.77% compared to CNY 6,353,801,853.07 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 29.38% to CNY 251,536,436.70 from CNY 356,205,180.69 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 233,608,500.67, down 33.26% from CNY 350,006,408.05 in the same period last year[19]. - The net cash flow from operating activities was CNY 396,183,542.81, a significant recovery from a negative cash flow of CNY -586,554,373.42 in the previous year[19]. - The total assets at the end of the reporting period were CNY 46,142,691,195.88, a decrease of 1.61% from CNY 46,895,791,760.79 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.18% to CNY 21,372,286,500.10 from CNY 21,122,037,537.26 at the end of the previous year[19]. - Basic earnings per share for the first half of 2021 were CNY 0.0687, down 29.39% from CNY 0.0973 in the same period last year[20]. - The weighted average return on net assets decreased by 0.50 percentage points to 1.18% from 1.68% in the previous year[20]. - The company achieved a total revenue of 6.784 billion yuan in the reporting period, with agricultural product processing sales contributing 6.730 billion yuan[41]. - The net profit attributable to shareholders was 252 million yuan, a decrease of 29.38% year-on-year, mainly due to reduced profits from an associate company and increased financial expenses[41]. Revenue and Sales - The sales revenue from rice processing decreased by 7.95% year-on-year to 991 million yuan, primarily due to weak consumption and lower retail prices[41]. - The sales revenue from oil and bean products processing fell by 33.06% year-on-year to 1.317 billion yuan, mainly due to reduced oil trade[41]. - Other agricultural product sales increased by 23.82% year-on-year to 4.422 billion yuan, driven by growth in bulk corn trade[41]. - The operating cost for the same period was approximately CNY 6.25 billion, reflecting a rise of 2.17% year-on-year[50]. - The gross profit margin for the agricultural product processing and sales segment decreased by 0.41 percentage points to 2.84%[42]. Investments and Assets - The company has established a comprehensive modern agricultural industry system, integrating planting bases, high-tech demonstration parks, processing parks, and supply chain services[23]. - The company has cultivated 13,000 acres of land in the core production area of Wuchang for organic rice production, ensuring quality control from breeding to harvesting[24]. - The company has developed 12 patents related to plant-based meat and launched 5 high-moisture plant-based meat products in the first phase of production[29]. - The company has formed a complete supply chain from procurement, storage, transportation, to end consumers, particularly in the corn trading business[28]. - The company has established stable supply relationships with nearly 100 major clients in the bean products sector, including Haidilao and Meituan[27]. - The company has seen a 318.5% year-on-year increase in corn imports, reaching 15.3 million tons in the first half of 2021[30]. - The company has entered a strategic partnership with "Zhenrou," acquiring a 20% stake to jointly operate the "Dongfang Zhenrou" brand[31]. - The company anticipates a recovery in profit margins for oil and meal products as consumption peaks in the second half of the year[31]. Financial Position - The company's total assets decreased from CNY 46,895,791,760.79 to CNY 46,142,691,195.88, a decline of approximately 1.60%[119]. - The company's total liabilities decreased from CNY 25,514,332,213.83 as of December 31, 2020, to CNY 24,504,042,397.99 as of June 30, 2021, a reduction of approximately 3.95%[119]. - Total equity increased from CNY 21,381,459,546.96 to CNY 21,638,648,797.89, an increase of about 1.20%[119]. - The company's retained earnings increased from CNY 5,493,468,733.90 to CNY 5,745,005,170.60, an increase of about 4.58%[119]. - The company's total liabilities at the end of the reporting period are approximately CNY 0.61 billion[143]. Corporate Governance and Management - The company has not disclosed any plans for profit distribution or capital reserve conversion during the reporting period[5]. - The company has appointed Sun Mingtao as the new president following the resignation of Fang Hao and Zhang Minggen due to work changes[75]. - The company has not reported any significant changes in share capital structure during the reporting period[101]. - There were no significant lawsuits or arbitration matters during the reporting period[84]. - The company has confirmed its ability to continue as a going concern for the next 12 months without any significant doubts[153]. Research and Development - Research and development expenses were CNY 682,475.84, indicating ongoing investment in innovation[126]. - The company holds three national patents for "full-fat stabilized rice bran" and is actively developing related products[34]. - The company has developed a high-moisture plant-based meat product with a water content of 65%, leading the industry in this technology[34]. Market and Competition - The company faces risks from intensified competition in the health food processing sector due to increased investments and supportive policies[64]. - The company plans to expand community group buying and other new retail markets, focusing on high-margin core products[44]. Cash Flow and Liquidity - The cash interest coverage ratio improved significantly to 1.51, up from 0.17 in the previous year, attributed to increased cash flow from grain and oil sales[114]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%[114]. - The current liquidity ratio is 1.22, a decrease of 8.59% compared to the previous year-end[114]. - Cash and cash equivalents decreased from CNY 5,172,183,688.77 to CNY 4,766,699,376.08, a decrease of about 7.85%[118]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[154]. - The company has implemented specific accounting policies for mergers and acquisitions, ensuring proper valuation of assets and liabilities[158]. - The company recognizes goodwill when the merger cost exceeds the fair value of identifiable net assets acquired[160].

Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,259,164,777, a decrease of 37.80% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 40,585,256, with a year-to-date net profit of CNY -102,856,590.33, indicating significant losses[5]. - Total operating revenue for the first three quarters of 2023 was CNY 5,586,594,909.35, a decrease of 36.8% compared to CNY 8,743,692,483.90 in the same period of 2022[25]. - Net profit for the third quarter of 2023 was a loss of CNY 154,624,642.95, compared to a loss of CNY 219,471,540.75 in the same quarter of 2022, representing an improvement of 29.5%[26]. - The net profit attributable to the parent company for Q3 2023 was -102,856,590.33 CNY, compared to -90,535,250.52 CNY in Q3 2022, indicating a decline of approximately 13.5% year-over-year[27]. - The total comprehensive income for Q3 2023 was -117,671,092.20 CNY, a decrease from -238,263,841.68 CNY in Q3 2022, reflecting an improvement of about 50.7% year-over-year[27]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 269,484,289.11, down 37.02% year-on-year[5]. - Cash flow from operating activities for the first nine months of 2023 was 269,484,289.11 CNY, down from 427,894,799.15 CNY in the same period of 2022, representing a decline of approximately 37%[28]. - Cash inflow from investment activities for the first nine months of 2023 was 4,003,205,672.15 CNY, compared to 6,949,292,556.62 CNY in 2022, indicating a decrease of about 42%[29]. - Cash flow from financing activities for the first nine months of 2023 was -2,274,957,272.18 CNY, worsening from -1,095,977,474.33 CNY in 2022, reflecting a significant increase in cash outflows[29]. - The ending cash and cash equivalents balance as of Q3 2023 was 2,396,337,963.37 CNY, down from 3,527,522,057.90 CNY at the end of Q3 2022, a decrease of approximately 32%[29]. - The company experienced a net cash decrease of 447,299,213.92 CNY in Q3 2023, compared to a decrease of 35,288,435.79 CNY in Q3 2022, highlighting a significant deterioration in cash management[29]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 39,709,940,395.55, a decrease of 5.97% from the end of the previous year[6]. - Current liabilities decreased to CNY 15,371,129,448.92 from CNY 18,783,736,710.44, a reduction of 18.5%[23]. - Long-term borrowings increased to CNY 3,495,685,313.33 from CNY 2,425,000,000.00, marking a rise of 44.2%[23]. - Cash and cash equivalents decreased to CNY 3,679,975,615.43 from CNY 4,801,975,664.98, a decline of 23.4%[21]. - The total equity attributable to shareholders decreased to CNY 18,160,915,824.91 from CNY 18,326,099,426.55, a decline of 0.9%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 107,911[12]. - The largest shareholder, Tibet Dongfang Runlan Industrial Investment Co., Ltd., holds 608,854,587 shares, accounting for 16.64% of total shares, with 413,565,000 shares pledged[12]. - The second-largest shareholder, Dongfang Group Co., Ltd., holds 492,822,091 shares, representing 13.47% of total shares, with 390,156,159 shares pledged[12]. Investment and Acquisitions - The company plans to acquire 25% of the shares of United Energy Group Limited, which amounts to 6,572,483,000 shares[15]. - As of the announcement date, the company has received the overseas investment certificate from Beijing Municipal Bureau of Commerce for the acquisition[16]. - The acquisition of United Energy is subject to further approvals from national development and reform departments and foreign exchange registration[16]. - The company has completed the necessary business department filings for the acquisition[16]. Operational Changes - The company plans to enhance risk control measures, which has led to a reduction in business volume for its subsidiary, Dongfang Grain Warehouse[10]. - The subsidiary, Dongfang Anyi, has paid a total of 806,460,000 RMB to Shandong Tianshang, with an outstanding amount of 759,849,439 RMB due by November 15, 2023[19]. - The company has established a working group to communicate the progress of the remaining debt repayment and related matters[19]. Other Financial Metrics - Non-recurring gains and losses for Q3 2023 amounted to CNY 56,836,761.35, down from CNY 110,504,137.39 in the previous year[9]. - The basic earnings per share for Q3 2023 was CNY 0.0111, compared to a loss of CNY -0.0281 for the year-to-date period[5]. - The weighted average return on equity increased by 0.82 percentage points to 0.22% for Q3 2023[5]. - The company reported a significant reduction in research and development expenses, which fell to CNY 2,975,254.94 from CNY 5,545,030.86, a decrease of 46.4%[26]. - The financial report does not include an audit opinion type, indicating it is not applicable[20].

东方集团股份有限公司 Da Hua Certified Public Accountants（Special General Partnership） 东方集团股份有限公司 前期重要会计差错更正说明的专项鉴证报告 目 录 页 次 一. 前期重要会计差错更正说明的专项鉴证报告 1-2 二. 东方集团股份有限公司关于前期会计差错更 正的说明 1-3 前期重要会计差错更正说明的 专项鉴证报告 大华核字[2024]000447 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 前 期 重 要 会 计 差 错 更 正 说 明 的 专 项 鉴 证 报 告 大华核字[2024]000447 号 东方集团股份有限公司全体股东： 我们接受委托，审核了后附的东方集团股份有限公司（以下简称 "东方集团"）编制的《关于前期会计差错更正的说明》。 一.管理层的责任 根据《企业会计准则第 28 号 ...

证券代码：600811 证券简称：东方集团 公告编号：临 2024-006 东方集团股份有限公司 第十届监事会第二十一次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 监事会认为：公司本次更正事项符合《企业会计准则》等的相关规定，更正后的 财务报表能够客观公允地反映公司财务状况。本次更正事项的决策程序符合有关法律、 法规和《公司章程》的规定，我们一致同意对公司 2020 年半年度、2020 年年度、2021 年半年度、2021 年年度、2022 年半年度、2022 年年度，以及 2023 年一季度、半年度 和前三季度营业收入及营业成本进行更正。 表决结果：赞成 4 票，反对 0 票，弃权 0 票。 特此公告。 东方集团股份有限公司监事会 2024 年 2 月 29 日 1 东方集团股份有限公司（以下简称"公司"）于 2024 年 2 月 27 日在公司视频会议 室现场召开了第十届监事会第二十一次会议。会议通知于 2024 年 2 月 22 日通过电话 及邮件方式通知全体监事。本次会议应出席 ...