Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥3.87 billion, a decrease of 35.19% compared to ¥5.97 billion in the same period last year[19]. - The net profit attributable to shareholders was a loss of approximately ¥143.44 million, a decline of 649.76% from a profit of ¥26.09 million in the previous year[19]. - The net cash flow from operating activities was approximately ¥247.19 million, down 36.55% from ¥389.58 million in the same period last year[19]. - The basic earnings per share for the first half of 2023 was -¥0.0392, a decrease of 652.11% compared to ¥0.0071 in the same period last year[20]. - The weighted average return on net assets was -0.79%, a decrease of 0.92 percentage points from 0.13% in the previous year[20]. - The company reported a significant increase in the net profit attributable to shareholders after deducting non-recurring gains and losses, which was a loss of approximately ¥197.11 million compared to a profit of ¥10.38 million last year, reflecting a decrease of 1,999.33%[19]. - The company achieved a revenue of 3.867 billion yuan in the reporting period, a year-on-year decrease of 35.19% due to reduced trading volume of bulk agricultural products[33]. - The oil processing segment reported a revenue of 578 million yuan, a year-on-year decline of 21.71%, with a net loss of 39 million yuan, although the loss was reduced by 59.83% compared to the previous year[34]. - The soybean product segment achieved a revenue of 77.15 million yuan, a year-on-year increase of 6.61%, with a net profit of 3.99 million yuan, up 31.06%[34]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥40.35 billion, a decrease of 4.46% from ¥42.23 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 0.83% to approximately ¥18.17 billion from ¥18.33 billion at the end of the previous year[19]. - Total liabilities were CNY 22.29 billion, down from CNY 23.98 billion, representing a decline of about 7.03%[117]. - Long-term borrowings increased by 96.85% to approximately ¥4.77 billion, indicating a rise in financing activities[41]. - The total equity attributable to shareholders decreased to CNY 18.17 billion from CNY 18.33 billion, a decline of approximately 0.87%[117]. Cash Flow - The net cash flow from investment activities increased by 207.97% to approximately ¥1.14 billion, mainly due to cash received from cooperative project repayments and the sale of Jinzhou Port equity[38]. - The cash flow from financing activities showed a significant decline of 3,378.01% to approximately -¥1.32 billion, primarily due to a decrease in the collection of matured notes[38]. - Cash flow from financing activities resulted in a net outflow of CNY 1,324,238,246.20, compared to a net inflow of CNY 40,397,634.34 in the first half of 2022, indicating a significant change in financing strategy[129]. Market and Industry Trends - The overall supply of agricultural products in China remained sufficient in the first half of 2023, with fluctuating prices for key commodities like corn[27]. - The rice market is experiencing a decline in consumption, with demand dropping from a peak of 160 million tons to below 140 million tons in recent years[26]. - The oilseed market faced challenges with high inventory levels and price pressures, particularly for canola oil[26]. - The company is focusing on risk control in bulk agricultural product trading and plans to expand its business varieties to enhance profitability[28]. Business Operations and Strategy - The company established a rice processing and sales system covering 27 provinces, with 13,000 acres of land leased for organic rice production[24]. - The oil processing segment has a daily processing capacity of 1,500 tons of cottonseed, positioning the company as a large-scale oil processing enterprise[24]. - The company expanded its product lines in the soybean processing sector, achieving significant sales growth through partnerships with major retailers like Walmart[24]. - The company is actively exploring new sales channels, including community group buying, to adapt to changing consumer preferences[24]. - The company established a joint venture to expand its supply chain business for bulk agricultural products, enhancing its logistics and warehousing capabilities[32]. Risks and Compliance - The company has indicated potential risks in its management discussion and analysis section, urging investors to pay attention to investment risks[7]. - The company faced significant risks from natural disasters and market competition, impacting profit margins and operational pressures[50]. - The company was issued a warning letter by the Heilongjiang Securities Regulatory Bureau for failing to implement a share repurchase plan as agreed, with a commitment to improve compliance[85]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 110,362[110]. - The largest shareholder, Tibet Dongfang Runlan Industrial Investment Co., Ltd., holds 608,854,587 shares, accounting for 16.64% of total shares[111]. - The company repurchased 405,800 shares through centralized bidding during the reporting period[108]. Environmental and Social Responsibility - Xiamen Yinxiang Oil Co., Ltd. reported a total SO2 emission of 0.143 tons with a concentration of 1.3 mg/m3, NOX emissions of 10.664 tons at 95.2 mg/m3, and particulate matter emissions of 0.153 tons at 1.4 mg/m3[66]. - The company has implemented an energy online monitoring system to track energy consumption monthly, aiming to reduce carbon emissions by using rice husk for heating instead of coal[71]. Legal Matters - The company is involved in a significant lawsuit with a claim amounting to RMB 1,303,123,284.64 related to a contract dispute[78]. - The company received a civil mediation document from the Beijing Second Intermediate People's Court regarding a contract dispute, resulting in a voluntary settlement[84].

证券代码：600811 证券简称：东方集团 公告编号：临 2023-040 1 东方集团股份有限公司 关于参加 2023 年投资者网上集体接待日活动 暨召开 2022 年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2023 年 5 月 15 日（周一）14:00 至 16:30。 会议召开方式：本次活动将采用网络远程的方式举行，投资者可登录"全景 路演"网站（http://rs.p5w.net）；或关注微信公众号（名称：全景财经）； 或下载全景路演 APP,参与本次互动交流。 一、说明会类型 东方集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日披露了公司 2022 年年度报告及摘要。为进一步加强与投资者的互动交流，公司将于 2023 年 5 月 15 日参加由黑龙江证监局、黑龙江省上市公司协会与深圳市全景网络有限公司联合举 办的"2023 年黑龙江辖区上市公司投资者集体接待日活动"暨举办公司 2022 年度网 上业绩说明会，就公司 2022 年 ...

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 ¥12.97 billion, a decrease of 14.56% compared to ¥15.18 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 at 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 year-end total share capital of 3.66 billion shares, a decrease of 1.49% from 3.71 billion shares in 2021[23]. - The 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 2021, an increase of 3.20 percentage points[24]. - The company reported non-recurring gains and losses totaling -RMB 70.23 million for 2022, compared to -RMB 552.42 million in 2021[28]. - The company reported a net profit attributable to shareholders of -996 million yuan for the fiscal year 2022, with a net profit of 878 million yuan on the parent company level[147]. Business Segments and Operations - The company faced challenges in its real estate business due to market conditions and increased financing costs, leading to slower asset disposal progress[32]. - The rice processing segment generated 656 million yuan in revenue, down 64.61% year-on-year, with a gross margin of 3.21%, an increase of 4.12 percentage points compared to the previous year, attributed to business structure optimization[36]. - The company’s agricultural product trading business achieved a revenue of 10.115 billion yuan, a year-on-year increase of 3.62%, by expanding storage and purchasing capabilities in production areas[39]. - The company’s soybean product segment achieved revenue of 152 million yuan, an increase of 8.57% year-on-year, but net profit decreased by 55.33% due to rising raw material costs[38]. - The company’s bean products cover 10 major product series and 180 individual items, with sales regions extending to over 20 provinces and cities[51]. - The company’s brand "Pure Wuchang Rice, Organically Grown" is a core competitive advantage, maintaining a top ten position in the rice market on platforms like JD.com[56]. Strategic Initiatives and Future Plans - The company is actively seeking new profit growth points, including the acquisition of a 25% stake in United Energy Group, which is progressing smoothly[34]. - The company plans to continue promoting existing real estate projects and asset disposals, although uncertainties remain in the real estate market[34]. - The company plans to achieve an operating income of 13 billion RMB in 2023, primarily from modern agriculture and health food industries[109]. - The company aims to enhance profit margins by developing sales channels for cottonseed and canola products, and by reducing procurement costs through partnerships with large state-owned enterprises[109]. - The company is accelerating the seawater potassium extraction project and the acquisition of 25% equity in United Energy Group to optimize its industrial structure and create new profit growth points[109]. Risk Management and Compliance - The company has faced risks related to non-operating fund occupation by controlling shareholders and other related parties[8]. - The management has highlighted potential risks in future development strategies[9]. - The company has committed to ensuring compliance with financial regulations and maintaining transparency in its operations[129]. - The company confirmed that all documents provided to intermediaries during the restructuring were genuine and accurate, with no false records or misleading statements[162]. - The company has committed to avoiding conflicts of interest and reduce related party transactions throughout the restructuring process[161]. Environmental and Social Responsibility - The company invested 71.01 million yuan in environmental protection during the reporting period[154]. - The total SO2 emissions for 2022 were 0.809 tons, significantly lower than the approved total of 13.08 tons[157]. - The company implemented measures that resulted in a reduction of 11,815 tons of carbon dioxide equivalent emissions[158]. - The company has established an environmental protection mechanism and complies with environmental regulations[154]. - The company has successfully obtained environmental impact assessments and pollution discharge permits for its operations[155]. Corporate Governance and Management - The total pre-tax compensation for senior management during the reporting period amounted to 8.182 million CNY[119]. - The company appointed Party Rongyi as the Chief Financial Officer and Secretary of the Board, with a term aligned with the current board[119]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee, to enhance governance[135]. - The company reported that the former vice president was investigated for alleged misconduct, which is unrelated to the company[132]. - The company has no major accounting errors to correct and has not faced any delisting risks or bankruptcy restructuring matters[198].

2023 年第一季度报告 证券代码：600811 证券简称：东方集团 东方集团股份有限公司 2023 年第一季度报告 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法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人孙明涛、主管会计工作负责人党荣毅及会计机构负责人（会计主管人员）王艳波保证 季度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 11 单位：元 币种：人民币 项目 本报告期 本报告期比上年同期 增减变动幅度(%) 营业收入 2,264,131,662.57 -23.38 归属于上市公司股东的净利润 96,537,371.11 725.67 归属于上市公司股东的扣除非经常性损益的净利润 60,454,575.19 57.52 经营活动产生的现金流量净额 73,076,617.14 -27.63 基本每股收益（元 ...

投资者关系活动记录表 | --- | --- | --- | |-----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------| | 别 | □新闻发布会 □路演活动 | □现场参观 □其他（请文字说明其他活动内容） | | | | | | | 南方基金 都逸敏 | | | 参与单位/人员名 称 | 金鹰基金 李龙杰 大成基金 廖书迪 磐泽资产 熊威明 中信证券 王喆 华泰证券 庄汀州、刘婧 华西证券 周莎 淡水泉投资 俞仁钦 西南证券 徐卿 | | | | 嘉实基金 苏文杰 | | | 时间 | 2022 年 7 月 5 日 | | | 地点 | | 厦门东方银祥油脂有限公司会议室 | | ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 13 证券代码：600811 证券简称：东方集团 东方集团股份有限公司 2022 年第三季度报告 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法律责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人孙明涛、主管会计工作负责人党荣毅及会计机构负责人（会计主管人员）王艳波 保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|--------------------------------------|-------------------|------------------ ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥5.97 billion, a decrease of 12.27% compared to ¥6.80 billion in the same period last year[24]. - The net profit attributable to shareholders of the listed company was approximately ¥26.09 million, down 89.63% from ¥251.54 million in the previous year[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥10.38 million, a decline of 95.56% compared to ¥233.61 million in the same period last year[24]. - The net cash flow from operating activities was approximately ¥389.58 million, a slight decrease of 1.67% from ¥396.18 million in the previous year[24]. - The total operating revenue decreased by 12.27% to approximately 5.97 billion RMB, while operating costs also fell by 10.46%[70]. - The company achieved a total revenue of 5.943 billion CNY in the first half of 2022, a decrease of 12.40% year-on-year, primarily due to reduced sales in oil processing and rice processing[56]. - The net profit attributable to shareholders was 26 million CNY, down 89.63% year-on-year, mainly due to increased losses in the real estate sector and reduced profits from oil processing[56]. Earnings and Profitability - The 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[24]. - The diluted earnings per share were also ¥0.0071, reflecting the same percentage decrease as basic earnings per share[24]. - The weighted average return on net assets was 0.13%, a decrease of 1.05 percentage points from 1.18% in the previous year[24]. - The oil processing segment saw a revenue decline of 39.14% year-on-year, with a gross margin of -2.49%[59]. - The gross margin for rice processing sales increased by 0.39 percentage points year-on-year, despite a revenue decline of 21.74%[59]. - The soybean product processing business achieved revenue of 72.36 million RMB, an increase of 1.8%, with a net profit of 3.04 million RMB despite rising costs of raw materials and decreased orders from the restaurant sector[62]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥44.97 billion, an increase of 1.52% from ¥44.30 billion at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were approximately ¥19.40 billion, a decrease of 0.07% from ¥19.41 billion at the end of the previous year[24]. - The company's cash and cash equivalents at the end of the period amounted to ¥6,206,332,504.52, representing a 39.86% increase compared to ¥4,437,600,914.42 at the end of the previous year[74]. - The company's long-term borrowings increased by 92.43% to ¥2,902,097,800.00 from ¥1,508,101,100.00 in the previous year[74]. - The company's total liabilities increased to ¥25,509,765,521.06 from ¥24,751,529,259.66, reflecting a growth of approximately 3.06%[196]. - The company's current liabilities decreased to ¥19,982,249,081.72 from ¥20,616,355,266.81, a reduction of about 3.08%[196]. Investments and Projects - The company has established a comprehensive modern agricultural industry system, including rice processing, oil processing, and agricultural technology research and development[29]. - The company is actively promoting its seawater potassium extraction project, aiming for an annual production capacity of 200,000 tons[38]. - The company has obtained 15 patents related to high-moisture plant-based meat and established China's first production line for such products, which has a carbon emission rate only 10% of that of animal meat[49]. - The company is actively expanding its agricultural product trading business, focusing on corn, rice, soybeans, and miscellaneous grains, while enhancing cooperation with downstream processing and feed enterprises[65]. - The company plans to invest a total of ¥94.76 billion in land development projects, with ¥64.24 billion already invested[94]. Market and Sales - The company has maintained a top ten brand position in rice sales through traditional retail and e-commerce channels[33]. - The company is expanding its community group buying market presence, covering 29 provinces and municipalities[33]. - The sales performance of the supermarket channel for Yinxiang Dou Products increased by 22% year-on-year in the first half of 2022[54]. - The company is focusing on community group buying and new retail channels to adapt to changing consumer habits, resulting in increased revenue from these channels[60]. Environmental and Compliance - The company reported a total SO2 emission concentration of 4.55 mg/m3 and a total emission of 0.65 tons[109]. - The company achieved a total NOX emission concentration of 4.55 mg/m3 with a total emission of 0.65 tons[109]. - The particulate matter emission concentration was recorded at 1.41 mg/m3, totaling 0.19 tons[109]. - The company has successfully obtained the environmental impact assessment approval and passed the environmental protection acceptance[109]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues[109]. Corporate Governance and Legal Matters - The company has not faced any legal or administrative penalties in the last three years related to its operations[118]. - The company has committed to providing truthful, accurate, and complete information regarding its operations and compliance[113]. - The company is under investigation for its vice president's alleged involvement in the misappropriation of state assets and bribery, but this matter is not expected to significantly impact its operations[150]. - The company has ongoing litigation involving a contract dispute with Shandong Tianshang Real Estate Co., Ltd., with a claimed amount of 1,303,123,284.64 RMB[146]. Shareholder Information - The company completed the repurchase of 55,425,389 shares, accounting for 1.49% of the total share capital, with a total expenditure of 200.52 million[179]. - As of the end of the reporting period, the total number of ordinary shareholders was 106,927[183]. - The largest shareholder, Tibet Dongfang Runlan Investment Co., Ltd., held 608,854,587 shares, representing 16.64% of the total shares[184]. - The second-largest shareholder, Dongfang Group Co., Ltd., held 492,822,091 shares, accounting for 13.47% of the total shares[184].

1 证券代码：600811 证券简称：东方集团 公告编号：临 2022-054 东方集团股份有限公司 关于参加 2022 年投资者网上集体接待日活动 暨召开 2021 年度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2022 年 5 月 12 日（周四）14:30 至 16:30。 会议召开方式：网络在线问答的形式。 网络互动地址："全景路演"（https://rs.p5w.net/html/132395.shtml） 东方集团股份有限公司（以下简称"公司"）已于 2022 年 4 月 30 日披露了公司 2021 年年度报告及摘要。为进一步加强与投资者的互动交流，公司将于 2022 年 5 月 12 日参加黑龙江省上市公司协会联合深圳市全景网络有限公司举办的黑龙江省上市公 司 2022 年投资者网上集体接待日活动暨举办公司 2021 年度网上业绩说明会，就公司 2021 年度业绩情况、经营情况等投资者关心的问题进行互动交流。 一、说明会类型 本次业绩说明会通过网络在线 ...

2022 年第一季度报告 单位：元 币种：人民币 证券代码：600811 证券简称：东方集团 东方集团股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人孙明涛、主管会计工作负责人党荣毅及会计机构负责人（会计主管人员）王艳波保证 季度报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | |----------------------------------------------|-------------------|-------------------|---------------------------------------| | 项目 | | 本报告期 | 本报告期比上年同期 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥15.18 billion, a decrease of 1.80% compared to ¥15.46 billion in 2020[25]. - The net profit attributable to shareholders for 2021 was approximately -¥1.72 billion, representing a significant decline of 814.81% from a profit of ¥240.45 million in 2020[25]. - The net cash flow from operating activities increased to approximately ¥500 million, a substantial increase of 938.64% compared to ¥48.14 million in 2020[25]. - The total assets at the end of 2021 were approximately ¥44.30 billion, down 5.53% from ¥46.90 billion at the end of 2020[25]. - The net assets attributable to shareholders decreased to approximately ¥19.41 billion, reflecting an 8.09% decline from ¥21.12 billion in 2020[25]. - The company reported a net profit excluding non-recurring gains and losses of approximately -¥1.17 billion, a decrease of 1,997.84% from ¥61.46 million in 2020[25]. - Basic earnings per share (EPS) were -0.4697 CNY, a decrease of 814.92% compared to the previous period[28]. - Diluted EPS also reported at -0.4697 CNY, reflecting the same percentage decrease[28]. - The company reported a net profit attributable to shareholders of -1.719 billion yuan for the year 2021, primarily due to credit impairment losses and increased financial expenses[187]. - The company will not distribute cash dividends for the year 2021, as it does not meet the conditions for cash dividends according to its articles of association[188]. Revenue Breakdown - The rice processing and sales segment generated revenue of 1.853 billion yuan, down 33.78% year-on-year, with brand rice sales revenue at 0.657 billion yuan, a decrease of 32.75%[39]. - The oil processing segment reported revenue of 3.286 billion yuan, a year-on-year increase of 12.57%, but incurred a net loss of 93 million yuan due to rising raw material costs[42]. - The soybean product segment achieved revenue of 140 million yuan, a decline of 0.88%, with net profit decreasing by 11.43%[43]. - The agricultural product trading and supply chain finance business generated revenue of 9.762 billion yuan, an increase of 8.62%, with a trading volume of nearly 4 million tons[44]. - Revenue from agricultural processing and sales reached ¥15,035,186,900.69, a decrease of 2.12% year-on-year, with a gross margin of 1.55%, down by 1.15 percentage points[86]. - Revenue from other agricultural product sales was ¥9,761,534,602.26, an increase of 8.62% year-on-year, with a gross margin of 1.04%, down by 0.42 percentage points[86]. Investment and R&D - The company plans to focus on new product development and market expansion strategies to improve future performance[32]. - The company’s research and development expenses rose by 183.53% to CNY 5.716 million, reflecting increased investment in high-moisture plant-based meat projects[81]. - The company has obtained and is applying for a total of 15 patents, with significant advancements in high-moisture plant protein technology, achieving a carbon emission rate of only 10% compared to animal meat[70]. - The company aims to develop high-value-added products, focusing on R&D in areas such as high-moisture plant-based meat and deep processing of soybeans[143]. Market and Strategic Initiatives - The company is actively developing its brand in the fresh bean product market and aims to lead the market in Fujian province[50]. - The company plans to enhance its community group buying and new retail market layout to improve sales channels[41]. - The company is focusing on high-value industries such as high-moisture plant protein meat and seawater potassium extraction to support its strategic transformation[38]. - The company plans to enhance its market share in rice by upgrading production equipment and expanding its production capacity[49]. - The company is expanding its supply chain financial services to alleviate funding pressures for small and medium-sized enterprises in the agricultural sector[55]. Risks and Challenges - The company faced significant risks as outlined in the management discussion and analysis section of the report[10]. - The company emphasized the importance of investor awareness regarding potential investment risks associated with forward-looking statements[9]. - The company faces risks related to high grain prices influenced by global commodity price fluctuations and regional supply imbalances due to the ongoing pandemic[144]. - The real estate business is challenged by ongoing pandemic impacts, rising commodity prices, and regulatory pressures, leading to difficulties in asset disposal and project timelines[144]. Corporate Governance and Management - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 8.18 million yuan[155]. - The company has established a compensation policy aimed at creating an internally equitable and market-competitive compensation and benefits system[185]. - The board held a total of 10 meetings during the year, with all directors attending in person[172]. - The company did not receive any penalties from securities regulatory agencies in the past three years[170]. Environmental and Compliance - The company operates under the Xiamen air pollutant discharge standards, with a total emission limit of 13.08 tons for SO2, 27 tons for NOX, and 9 tons for particulate matter[199]. - The company has obtained the environmental impact assessment approval and the pollution discharge permit valid until August 18, 2023[200]. - There were no administrative penalties received due to environmental issues during the reporting period[200].