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]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥847,498,269.01, representing a 39.61% increase compared to ¥607,027,551.17 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2016 was ¥3,224,235.49, a decrease of 7.87% from ¥3,499,610.66 in the previous year[18]. - The basic earnings per share for the first half of 2016 was ¥0.005, down 54.55% from ¥0.011 in the same period last year[16]. - The net profit after deducting non-recurring gains and losses was -¥4,079,282.24, a significant decrease of 547.31% compared to ¥911,957.39 in the same period last year[18]. - The company achieved operating revenue of RMB 847,498,269.01, an increase of 39.61% compared to the same period last year[24]. - The operating profit decreased by RMB 13,787,000, primarily due to a decline in the gross profit margin of the real estate sector[26]. - The company plans to achieve an annual revenue target of RMB 2.06 billion for 2016, having completed 41.14% of this target in the first half[30]. - The company reported a total comprehensive income of ¥4,619,338.49, down from ¥10,703,544.07 in the previous year[106]. - The total comprehensive income for the first half of 2016 was CNY 3,499,610.66, compared to CNY 7,203,933.41 in the same period last year, indicating a decline of approximately 51.5%[117]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥63,610,795.00, compared to -¥426,100,844.43 in the previous year[18]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of RMB -63,610,795, improving by 85.07% year-on-year[24]. - Total current assets decreased from CNY 2,856,102,579.31 to CNY 2,149,396,713.92, a decline of approximately 25%[94]. - Total assets decreased from CNY 3,696,462,735.69 to CNY 3,340,563,815.39, a decline of about 10%[96]. - The ending cash and cash equivalents balance was 198,847,354.50 RMB, down from 597,035,276.98 RMB, a decrease of about 67%[109]. - The company reported a cash flow net decrease of -111,950,811.73 RMB compared to an increase of 239,647,393.40 RMB in the previous period[109]. Equity and Shareholder Information - The company distributed a cash dividend of RMB 0.20 per 10 shares, totaling RMB 6,627,530.72 million, based on the total share capital of 331,376,536 shares as of the end of 2015[46]. - The total number of shares before the change was 331,376,536, with a post-change total of 662,753,072 shares, reflecting a 100% increase[84]. - The total number of shareholders as of the end of the reporting period was 78,622[86]. - The first major shareholder, Shanghai Jielong Group Co., Ltd., holds 178,811,752 shares, accounting for 26.98% of total shares[87]. - The company plans to allow the restricted shares held by certain investors to be tradable starting June 9, 2018[89]. Investments and Subsidiaries - The company has invested CNY 10,000,000 in Shanghai Jiefang Media Printing Co., Ltd., maintaining a 10% equity stake[36]. - The company has a total of 19 subsidiaries included in the consolidated financial statements as of June 30, 2016[125]. - The company acquired a 10.07% stake in Shanghai Jielong Digital Printing Co., Ltd. for a transfer price of RMB 38.68 million, with the net asset value at the transfer date being RMB 383.88 million[50]. Financial Management and Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations since its listing in 1994[70]. - The company ensures the protection of minority shareholders' rights and has implemented measures to facilitate their participation in shareholder meetings[71]. - The company has a complete financial management system independent from its controlling shareholder[70]. - The company actively maintains transparency and timely disclosure of significant information to protect investor rights[71]. Guarantees and Financial Assistance - Total guarantees provided by the company to subsidiaries amounted to ¥17,822.93 million during the reporting period[63]. - The total amount of guarantees (including those to subsidiaries) was ¥28,600.32 million, which represents 32.71% of the company's net assets[63]. - The company received financial assistance from Shanghai Jielong Group totaling RMB 23,119,500 during the first half of 2016[56]. Research and Development - The company is actively engaged in technological innovation, focusing on wide-format high-definition flexographic printing technology and digital printing applications[35]. - The company has a dedicated technical research and development team of nearly 200 members, emphasizing the importance of technology in its operations[35]. Taxation and Compliance - The company has a tax rate of 15% for its subsidiaries recognized as high-tech enterprises, which includes Shanghai Jielong Art Printing Co., Ltd. and Shanghai Waimai Jielong Color Printing Co., Ltd.[189]. - The company’s subsidiary, Shanghai Jielong Art Printing Co., Ltd., can receive a maximum VAT refund of CNY 35,000 per year for each disabled employee hired[189]. Inventory and Receivables - The accounts receivable balance at the end of the period was CNY 300,332,864.54, with a total bad debt provision of CNY 23,890,443.53, indicating a provision ratio of approximately 7.95%[198]. - The company has a total of CNY 288,017,468.14 in accounts receivable, with a significant portion (95.90%) subject to collective bad debt provisions[198].

Financial Performance - Operating revenue increased by 62.01% to CNY 487,873,186.06 year-on-year[6] - Net profit attributable to shareholders rose by 30.94% to CNY 2,195,804.31 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 683.60% to CNY 400,669.26[6] - Basic and diluted earnings per share increased by 40.00% to CNY 0.007 per share[6] - Total operating revenue for Q1 2016 was ¥487,873,186.06, a 62% increase from ¥301,129,812.76 in the same period last year[31] - Net profit for Q1 2016 was ¥3,470,683.63, down 66% from ¥10,160,400.53 in Q1 2015[32] - The profit attributable to the parent company's shareholders was ¥2,195,804.31, compared to ¥1,676,924.81 in the previous year, indicating a 31% increase[32] - The company reported an operating profit of ¥3,270,874.30, down from ¥15,247,100.51 in Q1 2015, a decrease of 78%[32] - The total comprehensive income for Q1 2016 was ¥3,470,683.63, compared to ¥10,160,400.53 in Q1 2015, reflecting a decrease of 66%[32] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 13,181,814.67, compared to a negative cash flow of CNY 310,154,239.62 in the same period last year[6] - Cash inflow from sales of goods and services was CNY 409,898,540.83, a decline of 10% from CNY 453,802,277.12 in the previous period[36] - Operating cash inflow for the current period was CNY 415,615,076.25, down 28% from CNY 576,967,710.01 in the previous period[36] - Net cash flow from operating activities was CNY 13,181,814.67, a significant improvement from a net outflow of CNY -310,154,239.62 in the previous period[36] - Cash outflow from operating activities totaled CNY 402,433,261.58, a decrease of 54% compared to CNY 887,121,949.63 in the previous period[36] - Financing cash inflow was CNY 141,950,000.00, compared to CNY 309,700,000.00 in the previous period, reflecting a decrease of 54%[37] - Net cash flow from financing activities was CNY -75,444,504.57, contrasting with a net inflow of CNY 144,965,780.81 in the previous period[37] - The ending cash and cash equivalents balance was CNY 239,958,379.47, down from CNY 357,387,883.58 in the previous period[37] Assets and Liabilities - Total assets decreased by 7.83% to CNY 3,407,099,284.92 compared to the end of the previous year[6] - Current assets decreased from CNY 2,856,102,579.31 to CNY 2,586,444,596.03, a reduction of about 9.43%[24] - Total liabilities decreased from CNY 2,752,624,843.08 to CNY 2,460,177,508.68, representing a reduction of about 10.59%[25] - Current liabilities decreased from CNY 2,640,270,050.09 to CNY 2,355,924,431.29, a decrease of about 10.80%[25] - Non-current assets decreased from CNY 840,360,156.38 to CNY 820,654,688.89, a decline of approximately 2.00%[24] - Total equity increased slightly from CNY 943,837,892.61 to CNY 946,921,776.24, an increase of about 0.33%[25] Shareholder Information - The total number of shareholders reached 65,230 at the end of the reporting period[9] - The largest shareholder, Shanghai Jielong Group Co., Ltd., holds 26.98% of the shares, totaling 89,405,876 shares[9] - The first major shareholder, Shanghai Jielong Group, has committed to subscribe for at least 26.21% of the total shares issued in the non-public offering[20] - Shanghai Jielong Group plans to increase its stake in the company by up to 3% of the total issued shares, with a minimum investment of RMB 30 million, which has been completed with the acquisition of 1.3364 million shares[21] - The company has also received notification from Shanghai Jielong Group regarding a plan to increase its stake by up to 0.5% of the total issued shares, with a minimum investment of RMB 20 million, which has been completed with the acquisition of 1.02 million shares[22] Investment and Fundraising - The company plans to raise a total of up to RMB 803 million through a non-public offering of A-shares, with a maximum issuance of 60 million shares at a price not lower than 90% of the average trading price over the previous 20 trading days[19] - The company has committed to using RMB 54.05 million of raised funds to replace self-raised funds for the "Yazhou Yulong Bay Commercial Phase II Project"[19] - The total amount of funds raised was CNY 51,266.28 million, with CNY 44,386.66 million already utilized[17] Non-Recurring Gains and Losses - Non-recurring gains and losses totaled CNY 1,795,135.05 for the reporting period[8]