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]

Financial Performance - In 2020, the company reported a total revenue of ¥1,147,532,187.31, a decrease of 13.73% compared to ¥1,330,101,539.51 in 2019[21]. - The net profit attributable to shareholders was -¥118,075,545.36, a significant decline from a profit of ¥3,597,291.99 in 2019, representing a decrease of 3,382.35%[21]. - Basic earnings per share for 2020 was -0.4503 yuan, a decrease of 3,386.86% compared to 2019[23]. - The weighted average return on equity decreased to -15.21% in 2020, down 15.64 percentage points from 2019[23]. - Total revenue for the fourth quarter of 2020 was 351,411,689.81 yuan, with a net profit attributable to shareholders of -120,098,887.08 yuan[25]. - The total profit for the year was -12,049.44 million RMB, a decline of 695.94% from a profit of 2,021.93 million RMB in the previous year[42]. - The company reported a negative net profit attributable to the parent company, leading to a decrease in retained earnings[65]. - The company reported a net loss of CNY 305,997,342.40 for 2020, compared to a loss of CNY 264,506,181.64 in 2019[192]. Cash Flow and Assets - The company's cash flow from operating activities was -¥101,669,013.07, an improvement of 48.05% compared to -¥195,703,500.88 in the previous year[21]. - As of the end of 2020, the total assets of the company were ¥2,446,007,123.77, an increase of 3.94% from ¥2,353,203,095.84 in 2019[21]. - The company's cash and cash equivalents increased by 85.77% to 206.94 million yuan, attributed to an increase in bank deposits[62]. - Cash received from operating activities increased by 43.89% to 185.47 million yuan, mainly due to government subsidies[59]. - The company's inventory value as of December 31, 2020, was 945.90 million yuan, accounting for 38.67% of total assets[175]. - Accounts receivable decreased due to lower juice sales in Q4 2020, leading to a reduction in credit period receivables[64]. - Inventory increased as a result of decreased sales, resulting in higher stock levels[64]. Market and Product Development - The company maintained a leading market share despite challenges from the COVID-19 pandemic and rising shipping costs[32]. - The company produced over 30 new product varieties in the R&D phase, with more than 10 entering the pilot test stage[31]. - The company is actively exploring new business growth points, including the launch of carbonated fruit juices under the "Gudu Time" brand[41]. - The company aims to expand its market share and optimize its market layout, focusing on high-end juice markets in North America and Japan while also targeting emerging international markets[87]. - The company is focusing on high-end fruit and vegetable juice products, launching new products like NFC juice and carbonated juice[57]. Risks and Challenges - The company faces significant risks including pandemic-related disruptions, exchange rate fluctuations, and raw material price volatility[7]. - The company faced significant challenges in profitability due to increased shipping costs and currency exchange losses in 2020[32]. - The concentrated apple juice industry in China is facing challenges such as overcapacity and fluctuating raw material costs, which the company aims to manage through international capacity layout and monitoring of climate impacts[92]. - The company is facing risks from the global pandemic, which has significantly impacted export logistics, and will implement measures to monitor market dynamics and adjust production and sales accordingly[90]. Research and Development - The company received a total of 8 international invention patents and 18 domestic invention patents during the reporting period[35]. - R&D expenses increased by 26.29% year-on-year to 9.72 million yuan, representing 0.85% of total revenue, with 38 R&D personnel making up 2.60% of total staff[55][56]. - The company actively participated in drafting 11 industry standards and applied for 36 patents, including 8 international and 18 domestic invention patents[57]. Environmental Management - The company has established a comprehensive environmental management system, including the preparation and revision of emergency response plans[126]. - The company’s wastewater treatment meets the standards set by the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) with specific limits for chemical oxygen demand and pH values[116][117]. - The company has implemented an online monitoring system for wastewater discharge, measuring COD, pH, and flow, ensuring real-time self-monitoring[124]. - The company has established a wastewater treatment plant in Hebei, which was completed in December 2007 and passed environmental protection acceptance[121]. Governance and Management - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and supervision[157]. - The management team includes experienced professionals with backgrounds in finance and investment, ensuring strategic decision-making[147]. - The board of directors includes independent members with diverse expertise, contributing to effective governance[147]. - The total annual remuneration for directors, supervisors, and senior management during the reporting period was CNY 3.5293 million (pre-tax)[149]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,528, an increase from 18,444 at the end of the previous month[130]. - The largest shareholder, Yantai Economic Development Investment Company, holds 44.57% of the shares, totaling 116,855,469 shares[132]. - The company has no strategic investors or general legal entities becoming top ten shareholders during the reporting period[135].

Financial Performance - Operating income increased by 20.24% to CNY 796,120,497.50 for the period from January to September[6] - Net profit attributable to shareholders decreased by 72.44% to CNY 2,023,341.72 for the same period[6] - Net profit attributable to shareholders increased by CNY 2,023,341.72, representing a 32% growth compared to the previous period[15] - The company reported a net loss attributable to shareholders of ¥1,498,849.81 in Q3 2020, contrasting with a profit of ¥4,067,899.82 in Q3 2019[30] - Net profit for Q3 2020 was a loss of ¥21,273,929.85, an improvement from a loss of ¥28,414,362.67 in Q3 2019[35] Cash Flow - Net cash flow from operating activities increased by 165.06% to CNY 471,767,351.49 year-to-date[6] - Cash flow from operating activities for the first three quarters of 2020 was ¥471,767,351.49, compared to ¥177,985,325.33 in the same period of 2019[36] - Total cash inflow from operating activities for the first nine months of 2020 was CNY 1,051,626,047.33, up 64.7% from CNY 638,028,607.76 in the same period of 2019[38] - The company reported a total cash outflow of CNY 669,989,655.40 from operating activities in Q3 2020, compared to CNY 435,902,907.46 in Q3 2019, indicating a 53.7% increase[39] - The company incurred cash outflows of CNY 1,152,916,037.23 from financing activities in Q3 2020, compared to CNY 504,583,886.42 in Q3 2019, reflecting a significant increase of 128.5%[39] Assets and Liabilities - Total assets decreased by 19.09% to CNY 1,903,969,373.04 compared to the end of the previous year[6] - Total current assets decreased from CNY 1,467,203,198.83 to CNY 1,048,428,448.72, indicating a decline in liquidity[21] - Total liabilities dropped from ¥1,364,026,080.27 in December 2019 to ¥931,260,411.26 in September 2020, a reduction of around 31.7%[23] - Non-current liabilities due within one year decreased by CNY 6,471,831.07, a reduction of 98%, primarily due to a decrease in long-term borrowings[15] - Cash and cash equivalents fell from ¥78,653,520.24 in December 2019 to ¥41,902,171.62 in September 2020, a decrease of approximately 46.6%[25] Shareholder Information - The number of shareholders reached 17,997 at the end of the reporting period[11] - The largest shareholder, China Development Investment Group, holds 44.57% of the shares[11] - Shareholders' equity totaled CNY 989,177,015.57, with total equity attributable to the parent company at CNY 842,792,052.54[44] Costs and Expenses - The company reported a significant increase of 1005% in construction costs due to the suspension of operations[14] - Financial expenses rose to CNY 30,972,170.88, a significant increase of 107% year-on-year, mainly due to higher interest expenses and reduced foreign exchange gains[16] - Research and development expenses for Q3 2020 were ¥1,667,924.36, slightly down from ¥1,996,325.79 in Q3 2019, a decrease of 16.4%[29] - Sales expenses rose to ¥5,301,818.91 in Q3 2020, an increase of 154.0% from ¥2,083,307.32 in Q3 2019[34] Government Support - The company received government subsidies totaling CNY 5,019,041.31, which are closely related to its normal business operations[9] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[13] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[30]