证券代码：600962 证券简称：国投中鲁 公告编号：2023-016 国投中鲁果汁股份有限公司 2022 年度暨 2023 年第一季度业绩说明会预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 06 月 12 日(星期一)下午 15:00-16:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 06 月 05 日(星期一)至 06 月 09 日(星期五)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600962@sdiczl.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 三、参加人员注 董事长：杜仁堂先生 董事、总经理：陈昊先生 国投中鲁果汁股份有限公司（以下简称国投中鲁或公司）已分别于 2023 年 03 月 31 日和 2023 年 04 月 27 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 324,352,689.71, representing a decrease of 2.96% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was CNY 6,378,665.92, an increase of 51.52% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,308,116.63, up 153.83% from the previous year[5]. - The basic earnings per share for the period was CNY 0.0243, reflecting a growth of 50.93%[5]. - The diluted earnings per share also stood at CNY 0.0243, with a similar increase of 50.93%[5]. - The net profit for Q1 2023 was CNY 9,717,944.97, an increase of 22.7% compared to CNY 7,917,917.67 in Q1 2022[23]. - The operating profit rose to CNY 9,662,857.98, up from CNY 6,974,863.79, reflecting a growth of 38.4% year-over-year[23]. - Total revenue from operating activities was CNY 380,910,337.37, a decrease of 22.4% from CNY 490,329,802.83 in the previous year[26]. - The company reported a total comprehensive income of CNY 3,695,976.57, compared to a loss of CNY 5,894,895.80 in the same period last year[24]. - Basic and diluted earnings per share were both CNY 0.0243, an increase from CNY 0.0161 in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,192,784,802.38, down 3.57% from the end of the previous year[6]. - The company reported a decrease in total liabilities to CNY 1,293,471,711.38 as of March 31, 2023, down from CNY 1,374,868,165.04 at the end of 2022, a decline of 5.91%[18]. - Total assets decreased to CNY 2,192,784,802.38 as of March 31, 2023, from CNY 2,274,049,378.47 at the end of 2022, a decrease of 3.58%[17]. - Cash and cash equivalents increased to CNY 343,673,021.21 as of March 31, 2023, from CNY 219,620,196.95 at the end of 2022, representing a growth of 56.49%[16]. - Inventory decreased to CNY 694,165,758.97 as of March 31, 2023, down 21.88% from CNY 888,307,891.51 at the end of 2022[16]. - Short-term borrowings decreased to CNY 1,073,936,206.87 from CNY 1,108,749,212.84, a reduction of 3.15%[18]. Cash Flow - The company reported a net cash flow from operating activities of CNY 224,936,048.09, a decrease of 3.65% year-on-year[5]. - The cash flow from operating activities netted CNY 224,936,048.09, slightly down from CNY 233,449,505.78 in Q1 2022[26]. - The company incurred a net cash outflow from investing activities of CNY 3,730,929.35, compared to CNY 2,375,454.62 in the previous year[27]. - Cash flow from financing activities resulted in a net outflow of CNY 95,608,250.80, an improvement from CNY 126,309,498.89 in Q1 2022[27]. Costs and Expenses - Total operating costs for Q1 2023 were CNY 313,958,238.98, down 4.09% from CNY 327,446,957.60 in Q1 2022[22]. - Gross profit margin for Q1 2023 was approximately 3.83%, compared to 2.36% in Q1 2022[22]. - Research and development expenses increased to CNY 1,678,769.49 in Q1 2023, up from CNY 1,597,472.96 in Q1 2022, reflecting a growth of 5.07%[22]. Regulatory and Other Issues - The company faced a fine of approximately CNY 2.6558 million from the Polish competition authority for unfair competition practices[14]. - The company received government subsidies amounting to CNY 6,833.34, which are not related to normal business operations[8]. - Other comprehensive income after tax attributable to the parent company was CNY -6,021,968.40, compared to CNY -13,812,813.47 in the previous year[23].

Financial Performance - In 2022, the net profit attributable to the parent company was CNY 92,105,107.39, while the profit available for distribution to shareholders was CNY -47,838,134.98[6]. - The cumulative undistributed profit of the parent company at the end of 2022 was CNY -253,766,226.63, leading to no profit distribution or capital reserve transfer for the year[6]. - In 2022, the company's operating revenue reached ¥1,726,531,019.75, an increase of 19.08% compared to ¥1,449,861,160.70 in 2021[23]. - The net profit attributable to shareholders was ¥92,105,107.39, a significant recovery from a loss of ¥19,472,165.23 in 2021[23]. - The basic earnings per share for 2022 was ¥0.3513, compared to a loss of ¥0.0743 per share in 2021[24]. - The weighted average return on equity increased to 12.64%, up 15.44 percentage points from -2.80% in 2021[24]. - The company generated a net cash flow from operating activities of ¥262,649,267.12, a 100.45% increase from ¥131,031,121.42 in 2021[23]. - The company achieved a revenue of CNY 1,974,474,034.59 in 2022, representing a 39.42% increase from CNY 1,416,155,765.60 in 2021[60]. Risks and Challenges - The company faces risks from raw material costs, product price fluctuations, and exchange rate volatility, which are detailed in the management discussion section[10]. - The company has outlined its future development risks in the management discussion and analysis section[10]. - The company is facing challenges in global juice consumption growth due to geopolitical complexities and inflation, particularly in emerging markets[81]. - The company anticipates increased uncertainty in exchange rate fluctuations in 2023, which could impact its financial performance[90]. - The company faces raw material cost risks, particularly for concentrated apple juice, which is significantly affected by market fluctuations and climate conditions[87]. - The company is exposed to product price risks due to high dependence on exports, which can be influenced by trade policies and geopolitical factors[89]. Research and Development - In 2022, the company obtained 7 authorized invention patents and contributed to the publication of 4 industry standards[33]. - Research and development expenses decreased by 8.61% to CNY 5.90 million, reflecting a reduction in R&D investment[44]. - The number of R&D personnel is 26, accounting for 2.09% of the total workforce[57]. - Total R&D expenditure was ¥5,896,578.71, accounting for 0.34% of total revenue[56]. - The company has established a new product development department and initiated a "14th Five-Year" new product development plan to enhance business expansion[30]. Market and Sales - The company achieved sales growth in the Americas and South Africa, with domestic market sales also breaking through previous records[31]. - The company maintained a leading position in the concentrated apple juice industry, with approximately 65.5% of its total product volume being concentrated apple juice[36]. - The company has established a strong sales network in overseas markets, with about 80% of its products exported to regions including Russia, Turkey, Australia, and Germany[35]. - Revenue from the Americas increased by 66.77% year-on-year to CNY 97,340.38 million, with a gross margin of 23.46%, up 7.44 percentage points[74]. - Revenue from Europe decreased by 12.90% year-on-year to CNY 26,516.02 million, with a gross margin of 18.40%, up 5.14 percentage points[74]. - Revenue from Asia and other regions decreased by 13.22% year-on-year to CNY 47,986.53 million, with a gross margin of 21.33%, up 4.58 percentage points[74]. Governance and Compliance - The audit report issued by Xinyong Zhonghe CPA was a standard unqualified opinion, ensuring the financial report's authenticity and completeness[5]. - The company has implemented a comprehensive governance structure to ensure compliance and effective decision-making, enhancing transparency and protecting shareholder interests[95]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has established a robust financial accounting system to support independent financial decision-making[98]. - The company has revised its compliance management measures to close management loopholes and ensure comprehensive legal compliance across its subsidiaries[98]. Environmental and Social Responsibility - The company invested 13.64 million yuan in environmental protection during the reporting period[133]. - The company has established emergency response plans for environmental incidents, detailing warning levels and measures[141]. - The company implemented online monitoring systems for wastewater discharge, ensuring real-time self-monitoring of pollutants[142][143]. - The company reduced carbon emissions by 596 tons through the use of clean energy in its production processes[145]. - The company plans to disclose its ESG report for the period from January 1, 2022, to December 31, 2022, by the end of June 2023[147]. - Total investment in poverty alleviation and rural revitalization projects amounted to 355,800,000 CNY[149]. Shareholder and Management Information - The total number of employees in the parent company and major subsidiaries is 1,242, with 842 in production, 25 in sales, and 115 in technical roles[121]. - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 4.29 million yuan[103]. - The company has maintained a stable management team with no significant changes in personnel during the reporting period[105]. - The company has seen a turnover of several key personnel, including the resignation of directors and supervisors due to the expiration of their terms[112]. - The company has not reported any related party transactions involving compensation for board members during the year[103]. - The company has not faced any delisting risk or bankruptcy reorganization issues during the reporting period[154].

重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人杜仁堂、主管会计工作负责人刘玉及会计机构负责人（会计主管人员）牛晶晶保 证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 2022 年第三季度报告 证券代码：600962 证券简称：国投中鲁 一、 主要财务数据 国投中鲁果汁股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 经营活动产生的现金流 | 不适用 | 不适用 | 474,619,407.98 | 15.95 | | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.0277 | 不适用 | 0.0676 | 503.57 | | | 稀释每股收益（元/股） | 0.0277 | 不适用 | 0.0676 | 503.57 | ...

Financial Performance - The basic earnings per share for the first half of 2022 is RMB 0.0399, an increase of 83.03% compared to RMB 0.0218 in the same period last year[20]. - The diluted earnings per share for the first half of 2022 is also RMB 0.0399, reflecting the same growth of 83.03% year-on-year[20]. - The basic earnings per share after deducting non-recurring gains and losses is RMB 0.0387, a significant increase of 320.65% from RMB 0.0092 in the previous year[20]. - The weighted average return on net assets is 1.49%, up by 0.69 percentage points from 0.80% in the same period last year[20]. - The weighted average return on net assets after deducting non-recurring gains and losses is 1.44%, an increase of 1.1 percentage points from 0.34% in the previous year[20]. - The company's operating revenue for the first half of the year reached ¥809.20 million, an increase of 20.67% compared to ¥670.59 million in the same period last year[22]. - Net profit attributable to shareholders was ¥10.47 million, representing an 83.17% increase from ¥5.71 million year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥10.15 million, a significant increase of 322.41% from ¥2.40 million in the previous year[22]. - The company's cash flow from operating activities was ¥476.60 million, showing a slight increase of 0.23% compared to ¥475.49 million last year[22]. - The company's total equity increased slightly from CNY 807,783,296.13 to CNY 811,618,354.15, an increase of about 0.4%[103]. Assets and Liabilities - Total assets decreased by 16.72% to ¥1.93 billion from ¥2.32 billion at the end of the previous year[22]. - The total assets of the company amounted to 1,934.47 million yuan, with net assets attributable to shareholders at 682.12 million yuan[39]. - Total liabilities decreased from CNY 1,515,132,015.96 to CNY 1,122,848,587.99, a decline of approximately 26%[103]. - Current assets decreased from CNY 1,505,913,815.40 to CNY 1,150,649,849.99, a decline of about 23.5%[101]. - Inventory decreased significantly from CNY 835,039,744.43 to CNY 469,698,312.45, representing a drop of approximately 43.7%[101]. - The total value of restricted assets at the end of the reporting period was ¥35,601,744.74, including cash, inventory, and fixed assets[46]. Operational Efficiency - The company’s operating costs increased by 13.05% to 666.07 million yuan, up from 589.20 million yuan in the previous year[41]. - The company implemented lean management practices to enhance operational efficiency and reduce costs, aiming to improve profitability and resilience against market fluctuations[34]. - The company achieved an operating profit of ¥67,960,008.48, compared to an operating loss of ¥4,652,560.47 in the first half of 2021[115]. Market Position and Strategy - The company maintains a leading position in the concentrated apple juice industry, with an average of 75% of its product volume being concentrated apple juice[26]. - The company has established long-term strategic partnerships with major global food and beverage companies, including Coca-Cola and Nestlé[26]. - The company plans to continue expanding into emerging markets and optimizing its customer structure in traditional markets like North America and Japan[36]. - The company focused on enhancing its independent innovation capabilities, increasing R&D efforts to diversify its product offerings and improve product quality[37]. Environmental and Regulatory Compliance - Three subsidiaries of the company were listed as key pollutant discharge units by local environmental protection departments during the reporting period[63]. - The company has established online monitoring systems for wastewater discharge at its subsidiaries, ensuring real-time self-monitoring[70]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues[71]. - The company has committed to not engage in any competitive business activities that may harm the interests of its shareholders, with a long-term commitment effective since December 16, 2017[75]. Risks and Challenges - The company faces significant risks from raw material price fluctuations, with a predicted large reduction in apple production due to adverse weather conditions[51]. - Logistics costs have risen significantly due to ongoing global supply chain pressures, impacting the company's cost management strategies[52]. - The company is exposed to exchange rate fluctuations due to its high reliance on foreign markets, necessitating the use of financial derivatives to mitigate risks[53]. - The company received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations, which is currently under investigation[54]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 20,713[91]. - The largest shareholder, China National Investment Corporation, holds 116,855,469 shares, representing 44.57% of the total shares[93]. - The state-owned Yantai Economic Development Investment Company holds 8,190,000 shares, which are currently frozen[93]. - The company reported no major related party transactions during the reporting period[86]. Accounting and Financial Reporting - The financial report has not been audited[7]. - The company has not faced any major litigation or arbitration matters during the reporting period[79]. - The company has not received any non-standard audit opinions in the previous annual report[79]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[153]. - The accounting period for the company runs from January 1 to December 31 each year[154]. - The company uses RMB as its functional currency for accounting purposes[156].

公司负责人杜仁堂、主管会计工作负责人刘玉及会计机构负责人（会计主管人员）刘玉保证季度 报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 2022 年第一季度报告 证券代码：600962 证券简称：国投中鲁 国投中鲁果汁股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度(%) | | | | --- | --- | --- | --- | --- | | 营业收入 | 334,233,853.43 | | | 8.05 | | 归属于上市公司股东的净利润 | 4,209,855.82 | | | 不适用 | | 归属于上市公司股东的扣除非经常 性损益的净利润 | ...

Financial Performance - In 2021, the company achieved a total operating revenue of RMB 1,449,861,160.70, representing a 26.35% increase compared to RMB 1,147,532,187.31 in 2020[23] - The net profit attributable to shareholders of the listed company was a loss of RMB 19,472,165.23, an improvement from a loss of RMB 118,075,545.36 in the previous year[23] - The company's cash flow from operating activities was RMB 131,031,121.42, a significant recovery from a negative cash flow of RMB -101,669,013.07 in 2020[23] - Total revenue for Q4 2021 reached 491,411,738.19 CNY, with a total annual revenue of 1,469,861,180.70 CNY[26] - The net profit attributable to shareholders for Q4 2021 was -22,409,099.84 CNY, leading to an annual net loss of -39,689,674.28 CNY after excluding non-recurring gains and losses[26] - Basic earnings per share for 2021 was -0.0743 CNY, an improvement from -0.4503 CNY in 2020[24] - The weighted average return on equity increased by 12.41 percentage points to -2.80% in 2021 from -15.21% in 2020[24] Assets and Liabilities - Total assets decreased by 5.03% to RMB 2,322,915,312.09 at the end of 2021, down from RMB 2,446,007,123.77 at the end of 2020[23] - The net assets attributable to shareholders decreased by 3.82% to RMB 682,375,782.16 at the end of 2021, compared to RMB 709,496,221.42 at the end of 2020[23] - Cash and cash equivalents decreased by 38.25% to ¥127,785,476.99, down from ¥206,939,623.91 in the previous period[62] - Accounts receivable increased by 39.21% to ¥473,700,162.81, compared to ¥340,288,435.33 in the previous period, attributed to increased juice sales in Q4 2021[62] - Long-term borrowings decreased by 62.99% to ¥30,928,774.57 from ¥83,574,222.15 in the previous period[62] - Total liabilities increased significantly, with accounts payable rising by 113.48% to ¥161,334,828.09 from ¥75,575,118.94 in the previous period[62] Market and Industry Position - The global concentrated apple juice industry maintains an annual production of approximately 1.4 million tons, with the company exporting about 85% of its products to major markets[34] - The company remains a leading player in the concentrated apple juice sector, holding a significant market share and recognized as a key agricultural industrialization enterprise[35] - The juice industry is experiencing a shift towards emerging markets, with Asia-Pacific, Latin America, Africa, and the Middle East increasing their share of global juice consumption[82] - The average per capita consumption of 100% juice and pulp beverages in the world is 5.6 liters per year, with developed countries like Europe averaging over 21 liters, indicating significant growth potential in the Chinese market[83] Research and Development - In 2021, the company obtained 1 international invention patent and 2 national invention patents, along with 10 domestic utility model patents[33] - The R&D expenses decreased by 33.64% to CNY 6.45 million, indicating a reduction in investment in new product development[42] - The company is committed to enhancing its product innovation capabilities through partnerships with renowned universities and research institutions[39] - Research and development expenses increased by 25% in 2021, totaling 150 million, to support new technology initiatives[104] Operational Efficiency and Strategy - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future growth[6] - The company has implemented a market-oriented approach to reform its management structure, enhancing operational efficiency and risk management[31] - The company aims to expand its product offerings from single-flavor juices to composite juices, responding to customer demand for a wider variety of juice products[85] - The company has developed a strategic plan for 2021-2025, focusing on high-quality development and innovation to adapt to new consumer trends[86] Governance and Compliance - The company has established a comprehensive performance assessment and compensation management system for its management team to enhance employee career development[87] - The company maintains independence from its controlling shareholders in personnel, assets, and financial matters, ensuring a clear separation of responsibilities and risks[99] - The company disclosed 87 documents in 2021, including 45 interim announcements and 4 periodic reports, ensuring timely and accurate information dissemination[95] - The governance structure has been reviewed and found to be relatively sound, with no major omissions or irregularities identified[135] Environmental and Social Responsibility - Four subsidiaries of the company were listed as key pollutant discharge units by local environmental protection departments in 2021[137] - The company has established wastewater treatment facilities, with effluent meeting standards before discharge into urban sewage systems[138] - A total of 352,108 yuan was invested in purchasing poverty alleviation agricultural products to support local communities[150] - The company provided assistance to disaster-affected apple farmers in Changping District, purchasing 110 tons of apples for deep processing, contributing to rural revitalization efforts[151] Future Outlook - The company has projected a revenue growth of 12% for the next fiscal year, aiming for 1.68 billion in total revenue[104] - New product launches are expected to contribute an additional 200 million in revenue in 2022[104] - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[104] - Future guidance indicates a projected growth rate of 21.51% in the upcoming fiscal year[106]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 287,857,173.72, representing a year-on-year increase of 32.26%[5] - The net profit attributable to shareholders was a loss of CNY 2,777,812.15, with a year-to-date profit of CNY 2,936,934.61, reflecting a 45.15% increase compared to the same period last year[5] - Total revenue for the first three quarters of 2021 reached ¥958,449,422.51, an increase of 20.4% compared to ¥796,120,497.50 in the same period of 2020[20] - Net profit for the third quarter of 2021 was ¥6,188,371.09, compared to ¥5,948,284.31 in the same quarter of 2020, indicating a slight increase[21] - The total comprehensive income attributable to the parent company was -6,948,510.98 yuan, compared to -5,456,793.70 yuan in the same period last year, reflecting a decline of approximately 27.2%[22] Earnings Per Share - The basic and diluted earnings per share for the current period were both -0.0106 CNY, while the year-to-date earnings per share were 0.0112 CNY, showing a 45.45% increase[6] - Basic earnings per share for the year-to-date period was 45.45, reflecting an increase in net profit compared to the previous year[11] - Basic and diluted earnings per share increased to 0.0112 yuan from 0.0077 yuan, representing a growth of 45.5% year-over-year[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,043,333,274.18, a decrease of 16.46% compared to the end of the previous year[6] - The company's total assets decreased to ¥2,043,333,274.18 in Q3 2021 from ¥2,446,007,123.77 in Q3 2020, a decline of 16.5%[19] - Current liabilities totaled ¥1,150,872,335.66 in Q3 2021, down from ¥1,511,884,800.38 in Q3 2020, a decrease of 24.0%[18] - The company’s total liabilities decreased to ¥1,214,203,856.34 in Q3 2021 from ¥1,608,269,279.03 in Q3 2020, a reduction of 24.5%[18] - The company’s equity attributable to shareholders was ¥702,547,710.45 in Q3 2021, down from ¥709,496,221.42 in Q3 2020, a decrease of 1.0%[19] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 409,343,798.46, showing a decrease of 13.23%[6] - Cash inflow from operating activities was 1,100,991,761.20 yuan, down from 1,237,745,021.36 yuan, indicating a decrease of about 11.0%[24] - Net cash flow from operating activities was 409,343,798.46 yuan, compared to 471,767,351.49 yuan in the previous year, a decline of approximately 13.2%[24] - Cash outflow from investing activities was 23,393,976.87 yuan, significantly lower than 47,775,761.15 yuan in the same period last year, showing a reduction of about 51.0%[25] - Net cash flow from financing activities was -446,401,583.79 yuan, slightly worse than -442,753,453.70 yuan in the previous year, indicating a marginal increase in cash outflow[25] Inventory and Expenses - The inventory at the end of the reporting period decreased by 37.75%, mainly due to product sales[9] - Research and development expenses for the first three quarters of 2021 were ¥4,920,420.60, slightly down from ¥5,550,710.11 in 2020[20] - The company experienced a 968.65% increase in prepaid expenses, attributed to increased costs during the non-juicing season[9] - Total operating costs for the first three quarters of 2021 were ¥977,911,456.22, up from ¥788,463,100.68 in 2020, reflecting a rise of 24.0%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,277[13] - The largest shareholder, China Development Investment Corporation, holds 116,855,469 shares, accounting for 44.57% of total shares[13] Other Financial Metrics - The company reported a significant increase in contract liabilities of 827.73%, primarily due to an increase in advance payments received[9] - Non-operating income for the current period amounted to CNY 2,274,195.42, with a year-to-date total of CNY 5,586,116.61[9] - The company reported a fair value change income of 100.00 million for the current period, attributed to new forward foreign exchange contracts[10] - The company experienced a decrease in credit impairment losses of 100.05 million in the current period due to the recovery of overdue receivables[10] - The company did not incur any asset disposal losses in the current period, contrasting with losses reported in the previous period[10]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 670.59 million, representing a 15.92% increase compared to RMB 578.48 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 5.71 million, a significant increase of 62.25% from RMB 3.52 million in the previous year[19]. - The basic earnings per share for the first half of 2021 was RMB 0.0218, reflecting a 62.69% increase from RMB 0.0134 in the same period last year[20]. - The total profit for the period was 5,605,100.00 CNY, up 7.78% from 5,200,300.00 CNY year-on-year[35]. - Net profit attributable to shareholders was 5,714,700.00 CNY, representing a significant increase of 62.25% from 3,522,200.00 CNY in the previous year[35]. - The total comprehensive income for the first half of 2021 was CNY 7,361,201.04, compared to a loss of CNY 477,440.36 in the same period of 2020[101]. - The company reported a net loss of CNY 106,102,221.79, compared to a loss of CNY 111,816,968.55 in the previous period, indicating a slight improvement in financial performance[93]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 17.41%, amounting to approximately RMB 475.49 million compared to RMB 575.73 million in the same period last year[19]. - The company's cash and cash equivalents decreased by 63.67% to 75,191,115.08 CNY from 206,939,623.91 CNY[40]. - Cash flow from operating activities for the first half of 2021 was CNY 475,492,698.22, down from CNY 575,729,152.16 in the first half of 2020, a decrease of 17.4%[106]. - The total cash and cash equivalents at the end of the period was CNY 42,874,009.82, down from CNY 72,657,320.46 at the end of the previous year[111]. - The company experienced a net decrease in cash and cash equivalents of CNY 103,016,116.93 during the first half of 2021[111]. Assets and Liabilities - The total assets of the company decreased by 24.65%, totaling approximately RMB 1.84 billion compared to RMB 2.45 billion at the end of the previous year[19]. - The company's total liabilities decreased to CNY 997,860,185.24 from CNY 1,608,269,279.03, a decline of approximately 38%[93]. - Current assets totaled CNY 1,018,741,604.52, down from CNY 1,593,984,353.18, indicating a decrease of about 36%[92]. - Total liabilities decreased to ¥1,002,587,071.91 from ¥1,487,265,358.10, a reduction of 32.5%[97]. - The company's equity attributable to shareholders increased slightly to CNY 713,277,203.65 from CNY 709,496,221.42, a marginal increase of about 0.4%[93]. Operational Performance - The company's main business is the production and sales of concentrated fruit and vegetable juices, with concentrated apple juice accounting for over 75% of total product volume[24]. - The company has established a solid market sales network and strategic partnerships with major global food and beverage companies, ensuring stable customer relationships[27]. - The company is actively expanding into emerging markets and optimizing its operational strategies to address challenges posed by the pandemic and trade tensions[31]. - Operating costs rose to 589,204,983.33 CNY, reflecting a 25.98% increase from 467,691,381.26 CNY due to higher sales volume and increased shipping costs[36]. Research and Development - The company has invested in advanced research and development facilities, including a processing pilot line with a capacity of 500 kg per hour, to enhance product innovation capabilities[30]. - The company reported a decrease in research and development expenses by 18.62% to 3,159,942.23 CNY, compared to 3,882,785.75 CNY last year[36]. - Research and development expenses for the first half of 2021 were ¥3,159,942.23, down from ¥3,882,785.75, a decrease of 18.6%[99]. Environmental Compliance - The company has committed to environmental protection by upgrading pollution control equipment across all production facilities to meet the latest emission standards[33]. - The company has three subsidiaries listed as key pollutant dischargers, indicating a focus on environmental compliance[59]. - All three companies have established emergency response plans for environmental incidents, detailing warning levels and measures[66]. - The companies have implemented online monitoring systems for wastewater discharge, ensuring real-time self-monitoring[67]. Risk Management - The company faces risks related to raw material price fluctuations, rising logistics costs, and exchange rate volatility, which are detailed in the risk section of the report[6]. - The company faces risks from raw material price fluctuations, particularly for apples, which significantly impact production costs[47]. - Logistics costs have risen due to global supply chain disruptions, with shipping costs reaching new highs, increasing overall cost pressures[49]. - The company plans to utilize financial derivatives to hedge against currency fluctuations that may affect sales and profits[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,033[85]. - The largest shareholder, Guotou Investment Group Co., Ltd., holds 44.57% of the shares, totaling 116,855,469 shares[87]. - The company did not report any changes in share capital structure during the reporting period[84]. - There were no significant related party transactions reported during the period[82]. Accounting Policies - The company’s financial statements are prepared based on the actual transactions and events, following the accounting standards issued by the Ministry of Finance[135]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[145]. - The company applies the equity method for investments in joint ventures and recognizes its share of assets and liabilities accordingly[147]. - The company adopts a simplified model for expected credit loss measurement for accounts receivable, measuring loss provisions based on the expected credit loss over the entire duration[166].

Financial Performance - Operating income increased by 18.44% to CNY 309,336,100.55 year-on-year[5] - Net profit attributable to shareholders decreased by 233.80% to CNY -1,381,063.72 compared to the same period last year[5] - The company reported a net loss of CNY 309,100,036.99 for Q1 2021, compared to a net loss of CNY 305,997,342.40 in Q1 2020[26] - The net profit for Q1 2021 was CNY 1,661,534.73, a decrease of 37% from CNY 2,635,447.36 in Q1 2020[28] - The total profit for Q1 2021 was CNY 1,511,637.68, down 39.6% from CNY 2,504,196.68 in Q1 2020[28] - The company reported a basic and diluted earnings per share of CNY -0.0053 for Q1 2021, compared to CNY 0.0039 in Q1 2020[29] - The comprehensive income total for Q1 2021 was CNY -4,115,685.61, compared to CNY -11,407,872.28 in Q1 2020[29] Assets and Liabilities - Total assets decreased by 13.56% to CNY 2,114,239,082.73 compared to the end of the previous year[5] - Total current assets decreased to ¥1,283,740,782.30 from ¥1,593,984,353.18, reflecting a reduction in liquidity[21] - Total assets decreased to ¥2,114,239,082.73 from ¥2,446,007,123.77, indicating a decline in overall asset base[21] - Total liabilities decreased to CNY 1,280,616,923.60 from CNY 1,608,269,279.03, a reduction of 20.4%[25] - Total equity decreased slightly to CNY 833,622,159.13 from CNY 837,737,844.74, a decline of 0.5%[25] - The company’s total liabilities as of January 1, 2021, were ¥1,511,884,800.38, consistent with the previous reporting period[38] Cash Flow - Cash flow from operating activities decreased by 27.67% to CNY 213,786,852.34 year-on-year[5] - Cash received from tax refunds decreased by 36% to ¥33,965,274.44, compared to ¥53,394,855.39 in the previous year[17] - Cash paid for purchasing goods and services rose by 46% to ¥77,792,159.66, indicating increased operational expenditures[17] - The cash flow from operating activities for Q1 2021 was CNY 213,786,852.34, a decrease of 27.6% from CNY 295,573,488.86 in Q1 2020[32] - The company incurred a net cash outflow from investment activities of -¥1,592,775.30 in Q1 2021, compared to -¥53,667.76 in Q1 2020[35] Shareholder Information - The number of shareholders reached 17,680 at the end of the reporting period[10] - The largest shareholder, State Development Investment Corporation, holds 44.57% of the shares[10] Expenses - Sales expenses decreased by 31% to ¥11,668,589.29 compared to ¥16,964,208.16 in the same period last year, primarily due to reduced transportation and storage costs[15] - Credit impairment losses increased significantly by 577% to ¥1,098,574.19 from a loss of ¥230,429.17, attributed to an increase in bad debt provisions[15] - Research and development expenses for Q1 2021 were CNY 1,592,242.06, a slight decrease from CNY 1,652,610.53 in Q1 2020[27] - The company’s management expenses decreased to CNY 4,908,495.13 in Q1 2021 from CNY 5,787,118.64 in Q1 2020, a reduction of 15.1%[30] Other Income - Other income surged by 1,196% to ¥19,439.38, driven by an increase in government subsidies related to operations[15]