Financial Performance - In 2018, the company's operating revenue was CNY 1,361,503,783.25, representing a 2.05% increase compared to CNY 1,334,133,926.51 in 2017[21] - The net profit attributable to shareholders was a loss of CNY 11,809,343.10, a decrease of 136.58% from a profit of CNY 32,282,087.72 in 2017[21] - The net cash flow from operating activities was CNY 131,135,306.01, down 26.58% from CNY 178,615,594.63 in the previous year[21] - The total assets at the end of 2018 were CNY 3,428,454,783.24, a decrease of 1.40% from CNY 3,477,054,907.50 at the end of 2017[21] - The basic earnings per share for 2018 was -CNY 0.018, a decline of 136.73% compared to CNY 0.049 in 2017[22] - The weighted average return on equity was -1.34%, a decrease of 5.02 percentage points from 3.68% in 2017[22] - The company reported a net loss of CNY 19,895,482.67 after deducting non-recurring gains and losses[21] - The fourth quarter of 2018 saw a net loss attributable to shareholders of CNY -16,481,331.44, following a loss of CNY -5,606,263.86 in the third quarter[24] Revenue Segments - The printing business remains the core segment, focusing on packaging printing, which serves industries such as food, beverage, electronics, and pharmaceuticals[29] - The main business revenue from color printing and packaging increased by CNY 71.99 million, a growth of 7.85% year-on-year[41] - The real estate segment's main business revenue decreased by CNY 51.80 million, a decline of 16.01% compared to the previous year[41] - The real estate segment generated revenue of approximately 271.82 million, experiencing a decline of 16.01% in revenue year-over-year, but the gross margin improved by 3.23 percentage points to 21.84%[47] Client and Market Development - The company added over 20 new clients in 2018, enhancing its market presence and customer base[35] - The company successfully completed 14 bidding projects, contributing to increased revenue and profitability[35] - The packaging printing industry in China is experiencing increased competition, with the top 100 companies accounting for nearly 60% of total output value[31] - The company has established itself as a leading player in the paper packaging printing sector, recognized for its diverse product offerings and advanced technology[31] Cost Management and Investments - The company’s operational strategy includes cost control measures, resulting in a reduction of labor costs and an increase in rental income by ¥1.65 million[35] - New investments in pulp molding packaging and dry-pressed paper mold projects incurred a combined net loss of CNY -35.43 million as they were still in the development and market expansion phase[41] - The company is actively pursuing capital operations and strategic investments, particularly in the printing and packaging industry[37] - The company has established a dedicated investment management platform to enhance its industrial upgrade and transformation efforts[37] Research and Development - Research and development expenses increased by 15.90% to CNY 21.91 million, reflecting a focus on innovation[45] - The company is establishing a dedicated R&D team to support product development and strengthen partnerships with key clients for personalized services[80] Corporate Governance and Management - The company has established a modern corporate governance structure in compliance with relevant laws and regulations since its listing in 1994[164] - The company ensures the protection of minority shareholders' rights and has implemented a transparent voting process for shareholder meetings[164] - The company employs a performance evaluation and incentive mechanism for its management team to enhance accountability[165] - The company has a comprehensive evaluation process for determining senior management remuneration, which is submitted to the board for approval[156] Shareholder and Dividend Policies - The company has a cash dividend policy that prioritizes cash distributions, with a minimum of 20% of profits allocated for dividends during growth phases with significant capital expenditures[85] - For the 2018 fiscal year, the company did not propose any profit distribution due to a lack of profitability and significant cash expenditure needs, indicating a strategic focus on investment projects[91] - The company must distribute at least 20% of its distributable profits in cash dividends when conditions are met, ensuring shareholder returns are prioritized[90] - The company’s cash dividend distribution is contingent upon achieving positive distributable profits after covering losses and reserves, with a minimum per-share distribution requirement of 0.1 RMB[87] Legal and Regulatory Matters - The company faced administrative penalties from the China Securities Regulatory Commission in March and August 2018, affecting its senior management[105][106] - The company is involved in 35 ongoing lawsuits related to securities false statements, with claims totaling 4,097,277.40 yuan[103] - The company won a lawsuit against Metro Media for printing fees amounting to RMB 4.0973 million, with the final judgment made in 2018[104] Environmental and Social Responsibility - The company is actively upgrading its production processes to meet environmental standards, including optimizing waste gas emission systems[81] - The company allocated 102,900 RMB for poverty alleviation efforts, assisting 135 individuals in need[127] - The company plans to provide vocational training for employees in need and establish a one-on-one assistance mechanism[130] Financial Position and Assets - The company’s consolidated accounts receivable amounted to RMB 240,870,852.00 with a bad debt provision of RMB 29,296,849.63 as of December 31, 2018[198] - The total amount of guarantees provided by the company (excluding subsidiaries) at the end of the reporting period was RMB 46,284.11 million, accounting for 53.17% of the company's net assets[120] - The company has a total of 10.28 million square meters of development area under a housing supply agreement with the government, with a total repurchase price of 1.233 billion RMB[124] Internal Control and Audit - The company has not identified any significant deficiencies in its internal control system during the reporting period[189] - The company’s financial report was audited and deemed to fairly reflect its financial position and operating results for the year ended December 31, 2018[195] - The audit committee convened 7 meetings, reviewing the 2017 financial statements and confirming their accuracy and completeness[175]

Financial Performance - Net profit attributable to shareholders was CNY 4,671,988.34, a significant increase of 149.40% compared to a net loss of CNY 9,458,263.18 in the same period last year[13] - Operating revenue increased by 6.83% to CNY 1,026,831,298.19 for the year-to-date period[8] - The company reported a basic earnings per share of CNY 0.007, compared to a loss of CNY 0.014 per share in the previous year[8] - The company reported an increase in operating profit due to higher profits from its printing and packaging and real estate segments compared to the same period last year[16] - The total net profit attributable to the parent company increased, driven by profit growth in both the printing and packaging and real estate segments compared to the previous year[16] - Net profit for the first nine months of 2018 was CNY 210,374,917.48, an increase from CNY 189,025,196.36 in the same period last year, representing an increase of 11.5%[26] - Operating profit for Q3 2018 was CNY -3,311,798.53, compared to CNY -4,500,667.74 in Q3 2017, showing an improvement[33] - Net profit for Q3 2018 was CNY -2,682,798.53, an improvement from CNY -5,242,567.74 in Q3 2017[33] Cash Flow - Net cash flow from operating activities decreased by 66.19% to CNY 30,998,597.46 compared to the same period last year[8] - The net cash flow from operating activities for the first nine months of 2018 was CNY 30.9986 million, a decrease of CNY 60.6918 million compared to the same period last year, primarily due to a reduction in advance payments for real estate projects[14] - The net cash flow from investing activities was CNY -177.5005 million, a decrease of CNY 87.8575 million year-on-year, mainly due to increased expenditures on the purchase of buildings and equipment[14] - The net cash flow from financing activities increased by CNY 23.7211 million compared to the previous year, primarily due to increased minority shareholder investments and financing lease receipts[14] - Operating cash inflow for the first nine months of 2018 was CNY 1,130,621,189.49, a decrease of 18.2% compared to CNY 1,382,324,397.22 in the same period last year[34] - Net cash flow from operating activities was CNY 30,998,597.46, down 66.2% from CNY 91,690,409.82 year-on-year[34] - Cash inflow from financing activities was CNY 680,521,955.50, an increase of 33.8% compared to CNY 508,517,833.76 in the same period last year[35] - The company reported a net cash increase of CNY -122,736,014.63 for the period, compared to a decrease of CNY -12,246,712.29 in the previous year[35] Assets and Liabilities - Total assets decreased by 5.48% to CNY 3,286,636,273.32 compared to the end of the previous year[8] - The company’s long-term receivables decreased by 100% to CNY 0 due to the recovery of residential property warranty funds[12] - The company’s construction in progress increased by 89.34% to CNY 152,721,247.01, reflecting increased investment in factory and machinery[12] - The company’s total liabilities decreased by 42.64% in accounts payable, amounting to CNY 283,682,334.69[12] - Total liabilities decreased to CNY 2,343,663,062.71 from CNY 2,535,807,775.18, indicating a reduction of 7.6%[23] - Current liabilities totaled CNY 1,959,712,925.25, down from CNY 2,199,693,695.17, a decrease of 10.9%[23] - Non-current assets increased to CNY 1,117,829,244.96 from CNY 1,006,038,481.76, reflecting an increase of 11.1%[25] - The company reported a total equity of CNY 942,973,210.61, slightly up from CNY 941,247,132.32 at the beginning of the year[23] Inventory and Expenses - The company’s inventory decreased to CNY 1.474 billion from CNY 1.621 billion at the beginning of the year[21] - Financial expenses increased by 44.61% to CNY 32,225,293.00 compared to the previous period[13] - R&D expenses for Q3 2018 were CNY 364,506.61, a decrease from CNY 569,247.42 in Q3 2017[32] - Financial expenses for Q3 2018 were CNY 3,398,316.10, an increase from CNY 2,361,145.83 in Q3 2017[32] - The company reported a total operating cost of CNY 47,796,202.52 in Q3 2018, down from CNY 60,273,769.44 in Q3 2017[32] Future Plans and Investments - The company established a joint investment project with Kunshan Changxin Paper Products Packaging Co., Ltd. with a total investment of CNY 150 million for new dry-pressed paper mold products in multiple regions[15] - The first major shareholder, Shanghai Jielong Group Co., Ltd., plans to increase its shareholding by up to 1.00% of the total issued shares within six months, starting from December 26, 2017[16] - The company plans to focus on market expansion and new product development in the upcoming quarters[28]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥735,275,315.64, representing a 48.36% increase compared to ¥495,616,000.10 in the same period last year[19]. - The net profit attributable to shareholders was ¥10,278,252.20, a significant recovery from a loss of ¥12,755,421.35 in the previous year[19]. - Basic earnings per share for the first half of 2018 were ¥0.016, compared to a loss of ¥0.019 in the same period last year[20]. - The weighted average return on net assets was 1.15%, recovering from -1.49% in the previous year[20]. - The net profit for the first half of 2018 was ¥7,896,235.48, a turnaround from a net loss of ¥12,854,686.15 in the previous year[110]. - The profit attributable to the parent company's shareholders was ¥10,278,252.20, compared to a loss of ¥12,755,421.35 in the same period last year[111]. Cash Flow and Assets - The net cash flow from operating activities was -¥26,383,331.37, a decrease of 142.50% compared to ¥62,077,250.03 in the same period last year[19]. - Cash and cash equivalents decreased by 32.07% to CNY 242.88 million, primarily due to payments made by subsidiaries for project and equipment costs[37]. - The company reported a net cash flow from operating activities of ¥70,567,819.44, a significant improvement compared to a net outflow of ¥60,674,612.71 in the same period last year[119]. - The total cash and cash equivalents at the end of the period stood at ¥107,460,737.49, up from ¥85,589,701.57 at the end of the previous year[119]. - The total assets at the end of the reporting period were ¥3,285,566,400.44, down 5.51% from ¥3,477,054,907.50 at the end of the previous year[19]. - The company's total liabilities as of June 30, 2018, were CNY 2,335,884,329.04, down from CNY 2,535,807,775.18 at the start of the period[103]. Business Segments and Operations - The main business areas include printing and real estate, with a focus on packaging printing services for various industries[24]. - The real estate segment's revenue increased by 514.80% year-on-year, primarily due to the recognition of revenue from the Yangzhou project[30]. - The company has a diversified business model, including packaging printing, real estate development, and trading, with a history of 40 years in the packaging printing industry[28]. - The company ranks among the top in the paper packaging printing industry in the Shanghai and Shenzhen stock markets[26]. - The company achieved operating revenue of CNY 735.28 million in the first half of 2018, an increase of 48.36% compared to the same period last year[30]. Investments and Subsidiaries - The company invested CNY 150 million in a joint project for dry-pressed paper mold products across multiple regions[43]. - The company established several subsidiaries in Jiangsu, Chongqing, and Anhui for the new project, with total registered capital of CNY 6 million to CNY 2.1 million[44]. - The company has a total of 27 subsidiaries included in the consolidated financial statements[129]. Shareholder and Equity Information - The company does not plan to distribute profits or increase capital through reserves for the first half of 2018[4]. - The company’s largest shareholder, Shanghai Jielong Group, committed to not transferring or trading the shares it subscribed to for 36 months after the issuance, amounting to 4,864,489 shares, which is 27.31% of the total non-public offering of 17,813,161 shares[56]. - The company’s total equity at the end of the reporting period was ¥949,682,071.40, reflecting a slight increase from the previous period[121]. Management and Governance - The company appointed new board members and management, with a new board term starting from May 18, 2018, lasting three years[97]. - The company retained Lixin Certified Public Accountants as its auditing firm for the 2018 financial report[59]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[64]. Compliance and Regulations - The company has no environmental violations and strictly adheres to national environmental protection laws[79]. - The company’s first major shareholder received an administrative penalty notice from the China Securities Regulatory Commission in January 2018[61]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of the company's financial status[133]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[138]. - The company uses an aging analysis method to assess and provide for bad debts on accounts receivable, with specific percentages applied based on aging categories[156].

Financial Performance - Operating revenue increased by 61.33% to CNY 412,939,189.78 compared to the same period last year[14] - Net profit attributable to shareholders increased to CNY 6,885,198.45, a significant turnaround from a loss of CNY 5,317,923.54 in the previous year[14] - The total profit increased by 328.64% to CNY 10,584,080.27 compared to the previous year[14] - The company reported a significant increase in other income by 120.93% to CNY 2,227,983.74[14] - Net profit for Q1 2018 was ¥6,039,848.85, recovering from a net loss of ¥5,273,342.67 in Q1 2017[29] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.010, compared to CNY -0.008 in the previous year[30] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -44,504,404.36, a decline of 183.93% compared to the previous year[8] - The net cash flow from operating activities for Q1 2018 was -44.50 million RMB, a decrease of 97.53 million RMB compared to the same period last year, primarily due to a reduction in advance payments for real estate projects[15] - The net cash flow from investing activities was -56.44 million RMB, a decrease of 17.60 million RMB year-on-year, mainly due to increased expenditures on the purchase and construction of houses and equipment[15] - The net cash flow from financing activities was -14.95 million RMB, a decrease of 42.67 million RMB compared to the previous year, primarily due to increased repayments of bank loans[15] - Cash inflow from operating activities was CNY 421,723,970.87, while cash outflow was CNY 466,228,375.23, resulting in a net cash outflow[33] - Investment activities resulted in a net cash outflow of CNY -56,443,193.42, compared to CNY -38,839,796.28 in the previous year[34] - Cash inflow from financing activities was CNY 153,450,182.19, while cash outflow was CNY 168,400,998.33, leading to a net cash outflow of CNY -14,950,816.14[34] Assets and Liabilities - Total assets decreased by 6.72% to CNY 3,243,526,356.08 compared to the end of the previous year[8] - The company's cash and cash equivalents decreased by 35.40% to CNY 230,971,569.69[13] - The total assets as of March 31, 2018, amounted to 3,243.53 million RMB, down from 3,477.05 million RMB at the beginning of the year[21] - The total current liabilities decreased from 2,199.69 million RMB to 1,979.61 million RMB, indicating a reduction in short-term financial obligations[22] - Total liabilities decreased to ¥456,724,537.31 from ¥464,155,448.86 at the start of the year, indicating a reduction in financial obligations[26] Shareholder Information - The number of shareholders reached 77,123 at the end of the reporting period[10] - The total equity attributable to shareholders of the parent company was ¥899,195,077.85, a slight increase from ¥892,309,879.40[26] Operational Activities - The company's construction in progress increased by 34.99% to CNY 108,886,295.69, indicating ongoing investment in facilities[13] - The company established a joint investment project of 150 million RMB with Kunshan Changxin Paper Products Packaging Co., Ltd. for new dry-pressed paper mold products in multiple cities[16] - The company reported an increase in operating profit due to higher project revenue recognition from its real estate subsidiary compared to the previous year[17] - The company is currently in the equipment procurement phase for the new project, indicating ongoing expansion efforts[16] Expenses - Total operating costs for Q1 2018 were ¥405,352,655.68, up 53.6% from ¥263,727,122.53 in Q1 2017[28] - The company reported a significant increase in management expenses to ¥31,925,467.72 from ¥25,094,270.47, reflecting higher operational costs[29] - The company reported a decrease in sales expenses to CNY 2,586,027.32 from CNY 2,922,929.44 year-over-year[31] - The company recorded an investment loss of CNY -72,720.09 from joint ventures, a significant decline from a gain of CNY 17,376.94 in the previous year[31]

Financial Performance - The company's operating revenue for 2017 was CNY 1,334,133,926.51, a decrease of 23.02% compared to CNY 1,733,092,234.22 in 2016[22] - The net profit attributable to shareholders for 2017 was CNY 32,282,087.72, compared to a loss of CNY 10,983,428.30 in 2016[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 23,727,415.14 in 2017, compared to a loss of CNY 23,613,644.90 in 2016[22] - The net cash flow from operating activities was CNY 178,615,594.63, a decrease of 50.24% from CNY 358,978,041.04 in 2016[22] - The basic earnings per share for 2017 was CNY 0.049, compared to a loss of CNY 0.017 in 2016[22] - The weighted average return on net assets for 2017 was 3.68%, compared to -1.26% in 2016[22] - The company achieved operating revenue of CNY 1,334.14 million in 2017, a decrease of 23.02% compared to the previous year[41] - The net profit for the year was CNY 28.91 million, an increase of CNY 42.81 million year-on-year, primarily due to the transfer of 100% equity in Shanghai Longying Color Plate Co., Ltd. for CNY 52.80 million[41] - The main business revenue from color printing packaging increased by CNY 2.99 million, a growth of 3.36%, while the real estate sector saw a significant decline of 57.65%, down CNY 44.05 million[41] Assets and Liabilities - The total assets at the end of 2017 were CNY 3,477,054,907.50, an increase of 2.14% from CNY 3,404,283,562.01 at the end of 2016[22] - The net assets attributable to shareholders at the end of 2017 were CNY 892,309,879.40, an increase of 3.75% from CNY 860,027,791.68 at the end of 2016[22] - The company's total assets increased significantly, with accounts receivable rising by 174.39% to ¥383,006.00, reflecting the growth in business operations.[59] - The company's total liabilities increased to CNY 2,535,807,775.18 from CNY 2,490,249,514.98, marking an increase of approximately 1.8%[199] Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 0.15 per 10 shares, totaling CNY 9,941,296.08[5] - The company has established a stable cash dividend policy, prioritizing cash dividends over stock dividends to ensure reasonable returns for investors[83] - The proposed cash dividend for 2017 is 0.15 yuan per 10 shares, totaling 9,941,296.08 yuan, which represents 30.80% of the net profit[90] - The company did not distribute dividends for 2016 due to a lack of profit and significant investment needs in 2017[88] Research and Development - The company has a technical research and development team of nearly 120 members, focusing on innovation in printing technology[34] - The company invested CNY 30.81 million in R&D, representing an increase of 11.06% from the previous year[44] - Total R&D investment amounted to ¥30,807,815.08, representing 2.31% of total revenue, with no capitalized R&D expenditures[54] Market and Business Development - The company achieved over ¥1 billion in sales of environmentally friendly paper bags, contributing to business growth[36] - The rental rate of the commercial square in Yangzhou reached 96%, indicating strong market performance[37] - The company successfully added 25 new clients, including "Mengniu Dairy," enhancing its market presence[36] - The company maintained a leading position among paper packaging printing companies listed in Shanghai and Shenzhen[32] - The company is focusing on both internal growth and external expansion, with a strategy to increase overseas orders and global market presence[71] Operational Efficiency - The company actively responded to market changes by adjusting processing prices and optimizing product structures[36] - The company is committed to reducing costs and improving efficiency while enhancing talent development and management effectiveness[73] - The company is addressing operational risks by standardizing management processes across various functions, including procurement, production, and sales[78] Corporate Governance - The company has established a comprehensive financial management system independent from its controlling shareholder[160] - The board of directors is responsible for proposing the annual profit distribution plan, which must be approved by the shareholders' meeting[86] - The company has maintained compliance with relevant laws and regulations regarding corporate governance since its listing in 1994[160] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[184] Related Party Transactions - The company engaged in related party transactions totaling RMB 221.43 million for construction services, with a maximum limit set at RMB 300 million for the year[106] - The actual rental income from related party transactions amounted to RMB 1.82 million, against a maximum limit of RMB 15 million for the year[107] Legal and Compliance Issues - The company reported a significant lawsuit involving Shanghai Metro Media Development Co., claiming RMB 4,097,277.40 for unpaid printing fees, with a favorable first-instance judgment[100] - The company has recognized a bad debt provision of RMB 2,990,774.09 against receivables from Shanghai Metro Media, which had a remaining balance of RMB 4,283,019.40 as of December 31, 2017[101]

Financial Performance - Net profit attributable to shareholders was CNY -9,458,263.18, a decline of 1,016.39% year-on-year[7] - Operating revenue fell by 20.72% to CNY 961,160,989.90 compared to the same period last year[7] - The company reported a net profit of -9,604,946.50 RMB, a decrease of 8277.11% compared to the same period last year[16] - Operating profit decreased by 8,931,727.64 RMB, representing a decline of 757.22% year-over-year[16] - The company’s total profit decreased by 16,240,312.24 RMB, a decline of 169.25% year-over-year[16] - The company’s investment income decreased by 810,284.45 RMB, a drop of 44.36% compared to the same period last year[16] - Total operating revenue for Q3 2017 was CNY 66,819,470.88, an increase of 2.88% compared to CNY 61,927,350.24 in Q3 2016[37] - Net profit for Q3 2017 was CNY 3,249,739.65, compared to a net loss of CNY 4,501,877.15 in Q3 2016, marking a significant turnaround[36] - The company reported a total profit of CNY 5,018,878.87 for Q3 2017, compared to a loss of CNY 1,686,717.46 in Q3 2016[38] - The company reported a total profit of CNY 35,276,872.73 for the first nine months of 2017, compared to CNY 19,049,326.97 in the same period last year[38] Assets and Liabilities - Total assets decreased by 3.31% to CNY 3,291,438,582.33 compared to the end of the previous year[7] - The company’s current assets totaled RMB 2,126,875,316.92, down from RMB 2,238,249,589.86 at the beginning of the year, indicating a decrease of approximately 5%[27] - The company’s total liabilities decreased from RMB 3,404,283,562.01 to RMB 3,291,438,582.33, a decline of approximately 3.3%[28] - Total liabilities as of September 30, 2017, were ¥425,143,470.79, compared to ¥416,136,435.86 at the start of the year, reflecting a slight increase of 2.4%[33] - Non-current liabilities totaled ¥11,401,225.14, down 18% from ¥13,904,986.76 at the beginning of the year[33] Cash Flow - Net cash flow from operating activities decreased by 1.46% to CNY 91,690,409.82 year-to-date[7] - Cash inflow from operating activities totaled CNY 1,382,324,397.22, an increase of 23.8% compared to CNY 1,116,166,010.52 in the same period last year[41] - Cash outflow from investing activities was CNY 93,454,383.07, up from CNY 49,382,774.63 in the previous year, resulting in a net cash flow of -CNY 89,643,049.95[41] - Cash inflow from financing activities was CNY 508,517,833.76, a decrease from CNY 530,856,106.71 year-over-year, with a net cash flow of -CNY 13,907,910.91[42] - The ending cash and cash equivalents balance was CNY 270,006,221.28, down from CNY 205,262,073.10 in the previous year[42] Shareholder Information - The total number of shareholders reached 83,567 as of the report date[11] - The largest shareholder, Shanghai Jielong Group, holds 26.98% of the shares, with 178,811,752 shares pledged[12] Investments and Projects - The company invested RMB 150 million in a new pulp molding packaging project in Shanghai, operated by Shanghai Jielong Paierpu Packaging Technology Co., Ltd., which was established with a registered capital of RMB 70 million[23] - The company invested RMB 1 million in Qingdao Langfu Packaging Co., Ltd., acquiring a 2% stake, and RMB 420,600 in Guizhou Qianye Pharmaceutical Packaging Co., Ltd., holding 100,000 shares[25] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.014, representing an 800% decrease year-on-year[7] - The weighted average return on equity dropped by 1.23 percentage points to -1.11%[7] - Cash received from tax refunds increased to CNY 14,802,482.83 from CNY 7,435,292.46, marking a growth of 99.9%[41] - Cash received from other operating activities was CNY 80,608,792.45, significantly higher than CNY 12,171,599.57 in the previous year, indicating a growth of 563.5%[41] - The company’s financial expenses for Q3 2017 were CNY 2,361,145.83, an increase from CNY 2,053,625.56 in Q3 2016[37] Regulatory and Compliance - The company is currently cooperating with the China Securities Regulatory Commission regarding ongoing investigations involving its major shareholder[24]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 495.62 million, a decrease of 41.52% compared to CNY 847.50 million in the same period last year[17]. - The net profit attributable to shareholders was a loss of CNY 12.76 million, a decline of 495.61% from a profit of CNY 3.22 million in the previous year[17]. - Basic earnings per share for the first half of 2017 were -CNY 0.019, a decrease of 480% compared to CNY 0.005 in the same period last year[18]. - The weighted average return on net assets was -1.49%, a decrease of 1.86 percentage points from 0.37% in the previous year[18]. - The company reported a total profit of -1,166.39 million RMB, a decrease of 2,294.59 million RMB from the previous year[34]. - The company reported a net profit of -131.40 million RMB for Shanghai Waimo Jielong Color Printing Co., Ltd, with an asset scale of 292.48 million RMB[44]. - Shanghai Jielong Modern Printing Co., Ltd experienced a net loss of -194.93 million RMB, with total assets amounting to 92.07 million RMB[44]. - The company reported a total comprehensive income for the period was -12,854,686.15, indicating a significant loss compared to the previous period[108]. Cash Flow - The net cash flow from operating activities was CNY 62.08 million, a significant improvement from a negative cash flow of CNY 63.61 million in the same period last year[17]. - The net cash flow from operating activities was -60,674,612.71 RMB, an improvement from -151,370,153.84 RMB in the previous period, indicating a 60% reduction in losses[105]. - Total cash inflow from operating activities reached 468,029,691.70 RMB, compared to 410,165,929.01 RMB in the prior period, reflecting a 14.1% increase[105]. - Cash outflow for operating activities totaled 528,704,304.41 RMB, down from 561,536,082.85 RMB, showing a decrease of 5.8%[105]. - The net cash flow from investing activities was 18,127,180.60 RMB, up from 10,212,027.70 RMB, representing a 77.5% increase[105]. - Cash inflow from financing activities was 191,899,000.00 RMB, compared to 226,232,000.00 RMB in the previous period, a decrease of 15.1%[105]. - The ending cash and cash equivalents balance was 85,589,701.57 RMB, down from 89,680,141.77 RMB, a decrease of 3.2%[105]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.43 billion, an increase of 0.73% from CNY 3.40 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 1.48% to CNY 847.27 million from CNY 860.03 million at the end of the previous year[17]. - Total liabilities decreased by 53.34% to 290,149,872.48, primarily due to payments made by subsidiaries for project costs[36]. - Total liabilities increased to CNY 2,530,140,767.14 from CNY 2,490,249,514.98, representing a growth of around 1.60%[88]. - Owner's equity decreased to CNY 899,139,360.88 from CNY 914,034,047.03, a decline of about 1.63%[89]. Investments and Projects - The company has invested a total of 32,471,626.64 in various equity investments, maintaining a consistent holding ratio across subsidiaries[38]. - A new project for producing 80 million square meters of printed packaging products is underway, with an investment of 300 million RMB[43]. - The company invested RMB 150 million in a new pulp molding packaging project in Shanghai, operated by Shanghai Jie Long Pai Er Pu Packaging Technology Co., Ltd.[75]. Business Operations - The company operates primarily in the printing and real estate sectors, with a focus on packaging printing services for various industries[21]. - The company has a diversified business model, including packaging printing, real estate development, and trading[27]. - The company emphasizes technological innovation and has established a municipal-level R&D center with nearly 170 specialized members[25]. - The company is actively pursuing green and digital printing technologies to enhance its competitive edge in the market[25]. Shareholder and Governance - The company did not distribute profits or increase capital reserves in the first half of 2017, with no dividends or stock bonuses declared[55]. - The company’s largest shareholder, Shanghai Jielong Group, committed to not transferring or trading its subscribed shares for 36 months following the issuance of new shares, which totaled 51,266.28 million RMB[57]. - The company held its 2016 annual general meeting on April 26, 2017, with 180,707,412 shares represented, accounting for 27.27% of the total voting shares[54]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[119]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[120]. - The company employs a 12-month operating cycle for its financial reporting[123]. - The company uses RMB as its functional currency for accounting purposes[124]. Taxation and Subsidies - The company’s subsidiaries benefit from a reduced corporate income tax rate of 15% as they are recognized as high-tech enterprises, which is a significant tax advantage[187]. - The company’s total tax rates include VAT rates ranging from 3% to 17%, and corporate income tax rates of 15%, 20%, and 25% depending on the entity[186].

Financial Performance - Net profit attributable to shareholders decreased by 342.19% to CNY -5,317,923.54, compared to CNY 2,195,804.31 in the same period last year[14] - Operating revenue fell by 47.54% to CNY 255,961,387.03, down from CNY 487,873,186.06 year-on-year[14] - The company’s net profit margin was significantly negative, indicating financial distress[14] - Total profit decreased primarily because the real estate segment recognized less project revenue compared to the previous year, leading to a corresponding decrease in net profit attributable to the parent company[18] - Basic earnings per share fell to -¥0.008 from ¥0.007, reflecting a substantial decrease in profitability[35] - The company reported a total comprehensive income of -¥5,273,342.67 compared to ¥3,470,683.63 in the previous period, indicating a significant downturn[34] Cash Flow - Net cash flow from operating activities increased by 302.25% to CNY 53,023,528.19 compared to CNY 13,181,814.67 in the previous year[7] - The net cash flow from operating activities was -39,793,523.20 RMB, an improvement from -48,021,019.33 RMB in the previous period, indicating a reduction in operational losses[41] - Cash flow from operating activities increased to ¥53,023,528.19 from ¥13,181,814.67, showing a growth of approximately 302.5% year-over-year[38] - The net cash flow from investing activities was -38,839,796.28 RMB, compared to -8,623,938.87 RMB in the previous period, indicating a significant increase in cash outflow for investments[39] - The net cash flow from financing activities was 27,716,882.57 RMB, a recovery from a negative cash flow of -75,444,504.57 RMB in the previous period, showing improved financing conditions[39] Assets and Liabilities - Total assets increased by 1.31% to CNY 3,448,733,816.20 compared to the end of the previous year[7] - The company’s total liabilities decreased by 36.14% in accounts payable to CNY 397,059,448.59[12] - Total liabilities increased to CNY 2,539,973,111.84 from CNY 2,490,249,514.98, marking a growth of about 2.0%[27] - The company's total equity decreased slightly to CNY 908,760,704.36 from CNY 914,034,047.03, a decline of approximately 0.3%[27] - Current assets totaled CNY 2,287,175,086.56, compared to CNY 2,238,249,589.86 at the start of the year, reflecting a growth of approximately 2.2%[25] Investments and Projects - The company raised a total of RMB 51.27 million through a private placement, with all funds utilized by the reporting period[17] - The company has committed RMB 24 million to the Yangzhou Yulong Bay commercial phase II project, which has been completed[21] - The company has invested RMB 300 million in a new printing project with an annual production capacity of 80 million square meters, operated by Zhejiang Foreign Trade Jielong Printing Co., Ltd.[22] - The company is in the process of a non-public offering of A-shares, aiming to raise up to RMB 766 million for acquiring equity assets related to Shanghai Inor Group[21] Shareholder Information - The number of shareholders reached 92,028 at the end of the reporting period[10] Revenue and Costs - Total operating revenue decreased to ¥255,961,387.03 from ¥487,873,186.06, representing a decline of approximately 47.5% year-over-year[33] - Total operating costs increased to ¥263,727,122.53 from ¥485,375,347.09, indicating a rise of about 44.5% year-over-year[33] - Sales revenue from goods and services received cash of ¥569,668,035.15, up from ¥409,898,540.83, indicating an increase of about 39%[38] Other Financial Metrics - The weighted average return on equity decreased by 0.87 percentage points to -0.62%[7] - Management expenses decreased to ¥25,094,270.47 from ¥27,623,943.93, a reduction of approximately 9.3% year-over-year[34] - Investment income was recorded at ¥88,286.57, down from ¥773,035.33, representing a decline of about 88.6%[34]

Financial Performance - The company's operating revenue for 2016 was CNY 1,733,092,234.22, representing a 12.33% increase compared to CNY 1,542,920,604.64 in 2015[18] - The net profit attributable to shareholders of the listed company was a loss of CNY 10,983,428.30, a decrease of 160.17% from a profit of CNY 18,253,365.13 in 2015[18] - The basic earnings per share for 2016 was -CNY 0.017, a decline of 129.82% from CNY 0.057 in 2015[19] - The weighted average return on net assets was -1.26% in 2016, a decrease of 4.09 percentage points from 2.83% in 2015[19] - The company reported a net loss attributable to shareholders of RMB -10.98 million, a decrease of RMB 29.24 million compared to the previous year, primarily due to reduced profits in the real estate sector[39] - The company’s net profit for Shanghai Waimai Jielong Caiyin Co., Ltd. was -6.91 million RMB, indicating a loss[62] - The company reported a total profit of ¥3,687,924.10, down from ¥52,125,653.34 in the previous period[191] - The company experienced an asset impairment loss of ¥22,296,403.72, significantly higher than ¥3,705,899.73 in the previous period[191] Cash Flow and Investments - The net cash flow from operating activities improved to CNY 358,978,041.04, compared to a negative cash flow of CNY 505,023,833.38 in 2015[18] - The company achieved a significant improvement in net cash flow from operating activities, amounting to RMB 358.98 million, compared to a negative cash flow of RMB -505.02 million in the previous year, marking a 171.08% increase[42] - The net cash flow from operating activities for the year 2016 was CNY 358.98 million, an increase of CNY 864.00 million compared to the previous year, primarily due to reduced land payments for real estate projects and increased cash inflow from property sales[55] - The net cash flow from investing activities was CNY -48.01 million, an increase of CNY 142.37 million compared to the previous year, mainly due to reduced equity transfer expenditures[55] - The net cash flow from financing activities was CNY -340.96 million, a decrease of CNY 988.70 million compared to the previous year, primarily due to reduced fundraising and repayment of bank loans[55] - The net cash flow from operating activities was -35,865,677.59 RMB, an improvement from -202,929,618.98 RMB in the previous year, indicating a significant reduction in losses[200] - The net cash flow from investing activities was -16,416,704.79 RMB, an improvement from -118,185,458.42 RMB in the previous year, reflecting better investment management[200] Assets and Liabilities - The total assets decreased by 7.90% to CNY 3,404,283,562.01 at the end of 2016, down from CNY 3,696,462,735.69 at the end of 2015[18] - The total current asset of RMB 2,238,249,589.86 as of December 31, 2016, down from RMB 2,856,102,579.31 at the beginning of the year[183] - The company’s cash and cash equivalents decreased to RMB 307,314,800.37 from RMB 353,072,417.58[183] - The company’s inventory decreased significantly to RMB 1,649,236,643.64 from RMB 2,203,945,775.74[183] - Total liabilities decreased from ¥2,752,624,843.08 to ¥2,490,249,514.98, a decline of about 9.5%[184] - Non-current liabilities increased from ¥112,354,792.99 to ¥362,866,670.70, an increase of approximately 223.5%[184] Business Operations and Strategy - The company emphasized innovation and development in its printing and packaging business, successfully launching new products such as various specialized packaging solutions[34] - The company maintained a focus on optimizing production management processes and enhancing team capabilities to address rising raw material costs and environmental pressures[34] - The company achieved a significant increase in high-precision flexible printing bag business, indicating a shift towards more specialized product offerings[34] - The company successfully secured 21 bids in its modern company segment, reflecting its proactive approach to expanding its business[34] - The company reported a commitment to green technology and innovation in packaging printing, aligning with national environmental standards[32] - The company aims to optimize internal resource integration and accelerate external investment layout and capital operations[65] - The company plans to focus on professional management transformation and product structure innovation to maintain healthy economic development[65] Shareholder and Governance - The company did not distribute profits or increase capital reserves in 2016[2] - The company has a policy to communicate with minority shareholders regarding dividend proposals and to consider their opinions[78] - The company’s cumulative distributable profit must be positive, with a minimum of RMB 0.1 per share for the current year to qualify for cash dividends[76] - The company has not proposed a cash profit distribution plan for 2016 due to significant investment needs[80] - The company emphasizes the protection of minority shareholders' rights and interests in its governance practices[156] - The company has maintained a consistent leadership structure with key executives serving since January 2011[148] Research and Development - The company reported a total of 27,739,856.23 yuan in R&D expenses, accounting for 1.60% of total revenue[53][54] - The company obtained 2 invention patents and 1 utility model patent during the year, enhancing its R&D capabilities[35] - The company employed 77 R&D personnel, representing 3.81% of the total workforce[54] - The company emphasizes talent acquisition and training to build a skilled workforce capable of driving innovation and efficiency[72] Real Estate and Property Development - The company’s real estate business primarily focuses on the development and sale of residential and commercial properties in Shanghai and Yangzhou[28] - The real estate segment's revenue increased by RMB 182.93 million, a growth of 31.48%, while the printing and packaging segment's revenue decreased by RMB 17.47 million, a decline of 1.93%[39] - The company completed the construction of the "Hua Chuan Garden" project and successfully delivered the "Da Shanghai Yu Long Wan" project, with all residential units in phase two completed and delivered[35] - The company has temporarily paid ¥21,039,489.00 to the local government, pending further negotiations regarding this amount[111] Related Party Transactions - The company reported a related party transaction with Shanghai Jielong Group for construction services, with an actual transaction amount of RMB 141.67 million against a maximum limit of RMB 300 million[93] - The company also reported a rental agreement with Shanghai Jielong Group, with a maximum rental income of RMB 15 million for the year[93] - The company has engaged in significant related party transactions, including leasing and financial assistance, which are in line with market pricing principles[94]

Financial Performance - Operating revenue for the first nine months increased by 31.98% year-on-year, reaching ¥1,212,412,521.49[7] - Net profit attributable to shareholders decreased by 74.15% year-on-year, totaling ¥1,032,121.16[7] - Basic earnings per share dropped by 83.33% to ¥0.002 from ¥0.012[7] - The weighted average return on net assets decreased by 0.59 percentage points to 0.12%[7] - Net profit dropped by 99.17% to ¥117,461.34, primarily due to reduced profits from subsidiaries compared to the previous year[15] - The total profit for the first nine months of 2016 was CNY 9,595,284.10, down 63.68% from CNY 26,395,937.39 in the same period last year[37] - The company reported a basic earnings per share of CNY 0.002 for the first nine months of 2016, down from CNY 0.012 in the same period last year[38] Cash Flow - The net cash flow from operating activities for the first nine months was ¥93,050,404.88, a significant recovery from a negative cash flow of ¥558,810,198.18 in the same period last year[7] - Cash inflow from operating activities for the first nine months of 2016 was 1,116,166,010.52 RMB, a decrease from 1,205,529,541.15 RMB in the same period last year[44] - Cash outflow from investing activities for the first nine months of 2016 was 49,382,774.63 RMB, significantly lower than 178,891,381.22 RMB in the same period last year[45] - Net cash flow from financing activities for the first nine months of 2016 was -160,022,814.05 RMB, compared to 721,947,254.31 RMB in the same period last year[45] Assets and Liabilities - Total assets decreased by 11.49% compared to the end of the previous year, amounting to ¥3,271,771,998.02[7] - Total current assets decreased from CNY 2,856,102,579.31 at the beginning of the year to CNY 2,108,945,275.03, a decline of approximately 26.0%[28] - Total non-current assets increased from CNY 840,360,156.38 to CNY 1,162,826,722.99, an increase of approximately 38.3%[29] - Total liabilities decreased from CNY 2,752,624,843.08 to CNY 2,334,320,974.79, a reduction of about 15.2%[30] - Current liabilities decreased from CNY 2,640,270,050.09 to CNY 2,175,373,476.49, a decline of approximately 17.6%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,781[10] - The largest shareholder, Shanghai Jielong Group Co., Ltd., held 26.98% of the shares, amounting to 178,811,752 shares[10] - Shanghai Jielong Group increased its shareholding by 133.64 million shares, representing a 3% increase of the total issued shares, with an investment of no less than RMB 30 million[23] - The company’s first major shareholder also planned to increase its stake by 102 million shares, with a minimum investment of RMB 20 million[24] Investment and Financing Activities - The company plans to raise a total of RMB 80,300 million through a non-public offering of A-shares, with a maximum issuance of 12 million shares[20] - The first major shareholder, Shanghai Jielong Group, committed to subscribe for at least 26.21% of the total shares issued in the non-public offering[21] - The company has completed the repayment of 100% of the bank loans related to the fundraising projects, totaling RMB 44,323.99 million[19] - The company has used RMB 5,404.54 million of the raised funds to replace self-raised funds for the "Yangzhou Yulong Bay Commercial Phase II Project"[19] - The company has received approval from the China Securities Regulatory Commission for its non-public offering of shares[22] Inventory and Receivables - Accounts receivable increased by 194.59% to ¥4,418,861.24, primarily due to the increase in unsettled bills from subsidiaries[11] - Other receivables rose by 54.44% to ¥21,561,300.69, mainly due to increased guarantee deposits[12] - Inventory decreased by 30.52% to ¥1,531,395,586.18, attributed to cost recognition from real estate projects and some inventory being transferred to investment properties[13] - Investment properties surged by 228.26% to ¥464,797,646.46, as subsidiaries converted part of their buildings for rental purposes[13] Comprehensive Income - Total comprehensive income for Q3 2016 was a loss of CNY 4,501,877.15, compared to a profit of CNY 3,369,988.82 in Q3 2015[38] - The total comprehensive income for Q3 2016 was -3,228,567.37 RMB, compared to 19,049,326.97 RMB in the same period last year[42]