Financial Performance - The company's operating revenue for 2017 was CNY 1,008,714,515.86, representing a 49.26% increase compared to CNY 675,793,332.74 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 172,184,765.20, up 38.36% from CNY 124,443,134.56 in 2016[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 161,529,549.99, reflecting a 33.49% increase from CNY 121,002,760.63 in 2016[20] - The net cash flow from operating activities for 2017 was CNY 234,116,848.19, a significant increase of 74.78% compared to CNY 133,953,169.87 in 2016[20] - The total assets at the end of 2017 were CNY 1,814,418,072.20, which is a 17.70% increase from CNY 1,541,615,459.87 at the end of 2016[20] - The net assets attributable to shareholders at the end of 2017 were CNY 1,467,847,515.41, up 12.01% from CNY 1,310,436,517.67 at the end of 2016[20] - Basic earnings per share for 2017 were CNY 0.83, an increase of 23.88% from CNY 0.67 in 2016[21] - The weighted average return on net assets for 2017 was 11.81%, slightly down from 11.83% in 2016[21] Market Expansion and Strategy - The company actively expanded into new markets and projects, contributing to its strong performance in 2017[21] - The company expanded its market presence, particularly in domestic and Russian markets, leading to significant sales growth in specialized containers[37] - The company is focusing on expanding its market presence in Southeast Asia, Russia, and Europe to increase sales and market share[73] Research and Development - The company maintains a strong focus on R&D in cold chain equipment and special containers, with established engineering research centers[29] - The company invested 48,702,178.86 RMB in R&D, a 74.65% increase compared to the previous year, enhancing its technological capabilities[43] - The company emphasizes the importance of technological innovation and plans to strengthen its research and development capabilities to maintain its competitive edge[76] Corporate Governance and Compliance - The company has established a governance structure that includes a general meeting of shareholders, a board of directors, and a supervisory board, ensuring clear responsibilities and effective checks and balances[157] - The company has not faced any penalties from securities regulatory authorities in the past three years[151] - The company has a commitment to transparency and accountability in its financial reporting and investor communications[84] Social Responsibility and Community Engagement - In 2017, the company provided financial assistance totaling RMB 635,000 to support impoverished employees and students[101] - The company donated RMB 155,500 to various organizations, including the Nantong Charity Federation and Jiangnan University[101] - The company allocated RMB 79.05 million for overall poverty alleviation efforts, focusing on employment assistance and education[103] Stock Incentive Plan - The company implemented a stock incentive plan, granting 3,446,250 restricted shares to 353 key personnel, aimed at aligning interests and boosting innovation[40] - The stock incentive plan allows for a release of 30% of the stocks after 12 months, another 30% after 24 months, and 40% after 36 months[126] - The total number of ordinary shares increased from 206,800,000 to 210,246,250 shares, reflecting an increase of 3,446,250 shares due to the stock incentive plan[113] Financial Position and Assets - The total liabilities of the company were CNY 346,570,556.79, which is an increase from CNY 231,178,942.20, marking a growth of around 49.9%[181] - The total equity attributable to shareholders reached CNY 1,467,847,515.41, up from CNY 1,310,436,517.67, reflecting an increase of about 12%[181] - The company's total current assets reached CNY 1,403,882,019.44, up from CNY 1,340,343,147.49, indicating an increase of about 4.7%[178] Risks and Challenges - The company faces risks related to fluctuations in raw material prices, particularly stainless steel and carbon steel, which could impact its financial performance[76] - The cold chain equipment industry is characterized by intense competition and low market concentration, with companies competing on technology upgrades and product capabilities[69] Shareholder Information - The largest shareholder, Huang Jie, holds 83,558,105 shares, representing 39.74% of the total shares[131] - The report indicates that there are no other known relationships or concerted actions among shareholders beyond those disclosed[131] - The company has no controlling shareholder or actual controller, ensuring independent governance[137]

Financial Performance - Revenue for the first nine months reached CNY 692,635,813.37, a 47.23% increase compared to the same period last year[8]. - Net profit attributable to shareholders grew by 41.51% to CNY 116,385,706.56 year-over-year[8]. - Basic earnings per share increased by 21.74% to CNY 0.56[9]. - Total operating revenue for Q3 reached RMB 252,605,650.30, a significant increase of 48.94% compared to RMB 169,485,257.47 in the same period last year[27]. - Net profit for Q3 was RMB 47,215,075.69, representing a 45.73% increase from RMB 32,408,182.40 in the previous year[29]. - The total profit for the first nine months of the year was RMB 134,922,397.00, up 43.00% from RMB 94,377,496.60 in the same period last year[28]. - Operating profit for Q3 was RMB 52,377,139.47, an increase of 47.67% from RMB 35,478,805.78 year-over-year[28]. - The company reported a total comprehensive income of RMB 46,697,159.73 for Q3, up 44.50% from RMB 32,426,393.33 in the same quarter last year[29]. Cash Flow - Operating cash flow increased significantly by 310.56% to CNY 228,266,927.31 for the first nine months[8]. - The net cash flow from operating activities increased by 310.56% to ¥228,266,927.31[16]. - Cash and cash equivalents at the end of Q3 2017 totaled CNY 876,088,314.84, up from CNY 795,186,294.52 at the end of the same period last year, indicating an increase of 10.2%[35]. - The cash inflow from operating activities for the parent company was CNY 308,134,444.74 for the first nine months of 2017, compared to CNY 194,597,276.04 in the previous year, an increase of 58.3%[37]. - The net cash flow from financing activities was CNY 66,985,512.50 for the first nine months of 2017, down from CNY 470,290,000.00 in the previous year, a decrease of 85.8%[35]. Assets and Liabilities - Total assets increased by 17.79% to CNY 1,815,935,898.53 compared to the end of the previous year[8]. - Current assets increased to ¥1,500,552,436.20 from ¥1,340,343,147.49, representing a growth of approximately 11.8%[20]. - Total liabilities increased to ¥411,046,358.87 from ¥231,178,942.20, reflecting a significant rise of about 77.9%[22]. - Owner's equity grew to ¥1,404,889,539.66 from ¥1,310,436,517.67, an increase of approximately 7.2%[22]. - Non-current assets totaled ¥315,383,462.33, up from ¥201,272,312.38, marking a growth of about 56.6%[21]. - The total number of shareholders is 25,985[13]. - The top shareholder, Huang Jie, holds 83,558,105 shares, representing 39.74% of the total shares[13]. Market and Strategic Initiatives - The company reported a significant increase in user data and market expansion strategies, although specific figures were not disclosed in the report[8]. - The company plans to continue expanding its market presence and enhancing product development efforts[17]. - Management indicated plans for market expansion and new product development to sustain growth momentum in the upcoming quarters[30]. Other Financial Metrics - The weighted average return on equity decreased slightly by 0.07 percentage points to 8.46%[9]. - Non-recurring gains and losses amounted to CNY 1,897,500.31 for the first nine months[11]. - Government subsidies recognized during the period totaled CNY 4,262,791.59[10]. - The company achieved a gross profit margin of approximately 20.67% in Q3, compared to 20.00% in the same period last year[28]. - Financial expenses for Q3 were RMB 1,795,077.85, a significant improvement from a negative RMB 2,593,670.74 in the previous year, indicating better cost management[28].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥440,030,163.07, representing a 46.21% increase compared to ¥300,954,719.28 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2017 was ¥69,170,630.87, up 38.79% from ¥49,838,656.98 in the previous year[18]. - The net cash flow from operating activities reached ¥104,731,869.90, a significant improvement from a negative cash flow of ¥8,038,735.13 in the same period last year, marking a 1,402.84% increase[18]. - Basic earnings per share for the first half of 2017 were ¥0.33, a 10.00% increase from ¥0.30 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,689,389,625.94, which is a 9.59% increase from ¥1,541,615,459.87 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 3.11% to ¥1,351,207,731.18 from ¥1,310,436,517.67 at the end of the previous year[18]. - The company reported a total profit of ¥80,315,771.87, up 40.3% from ¥57,229,867.46 in the same period last year[112]. - The total comprehensive income for the current period is CNY 68,660,674.68, compared to CNY 50,470,004.33 in the previous period, reflecting an increase of approximately 36%[129]. Market and Business Operations - The company's main business focuses on the research, production, and sales of cold chain equipment and special containers, primarily frozen equipment and tank containers[24]. - The cold chain equipment market in China is characterized by stable demand growth, with leading companies continuously meeting high-end customer needs through technology upgrades and capacity expansion[27]. - The global tank container market is steadily growing, with increasing demand for refrigerated and heated tank containers due to rising safety standards and environmental awareness[30]. - The company is positioned to benefit from the growing demand for tank containers in emerging markets like China, Brazil, and India as these markets expand[28]. - The company employs a direct sales model to understand and analyze customer needs, ensuring tailored product design and production planning[25]. - The company has formed good partnerships with major domestic and international agricultural and food industry leaders, driving rapid growth in its tank container business[32]. Research and Development - The company has established a strong technical research platform with 79 valid patents, including 38 invention patents, enhancing its competitive edge in the industry[31]. - Research and development expenses increased by 35.92% to RMB 19,336,059.51, reflecting the company's commitment to innovation[47]. - The company is committed to technology innovation and aims to enhance its R&D capabilities through industry-academia collaboration[52]. Risk Management - The company has outlined various risks including macroeconomic fluctuations, raw material price volatility, and market competition in its risk disclosure[6]. - The company anticipates potential risks from macroeconomic fluctuations and raw material price volatility, particularly for stainless steel and valves[52]. - The company has implemented strategies to mitigate risks associated with raw material price changes, including strategic procurement and inventory control[51]. Shareholder and Stock Information - The total number of shares increased from 206,800,000 to 210,246,250, reflecting a growth of approximately 1.07%[80]. - The number of restricted shares decreased by 3,446,250, resulting in 153,446,250 restricted shares, which is 72.98% of total shares[77]. - The company granted 3,446,250 restricted shares to 353 incentive objects on March 15, 2017, as part of its first restricted stock incentive plan[64]. - The largest shareholder, Huang Jie, holds 83,558,105 shares, representing 39.74% of the total shares[90]. - The company has a diverse shareholder base, including both individual and institutional investors[90]. Corporate Governance - The company has appointed Tianjian Accounting Firm as the auditor for the 2017 fiscal year, with a one-year term approved by the 2016 annual shareholders' meeting[62]. - There are no significant litigation or arbitration matters during the reporting period[63]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant debts due that have not been settled[63]. Financial Position - Total liabilities amounted to CNY 338,181,894.76, up from CNY 231,178,942.20, marking a significant increase of approximately 46.3%[106]. - Owner's equity reached CNY 1,351,207,731.18, compared to CNY 1,310,436,517.67, showing a growth of about 3.1%[106]. - The company’s cash and cash equivalents decreased to CNY 856,658,533.15 from CNY 869,995,229.53, a decline of about 1.5%[104]. - The company reported a tax rate of 15% for corporate income tax, applicable to both the company and Sifang Canshu Company[194]. Social Responsibility - The company invested a total of 28,000 RMB in poverty alleviation efforts during the reporting period[70]. - The company provided financial support of 4,000 RMB for two impoverished students in the Daliangshan region and covered 3,000 RMB for their publication expenses[69]. - The company plans to establish a charity fund to assist impoverished groups in Nantong and surrounding areas, focusing on employment support and educational poverty alleviation[71].

Financial Performance - Operating revenue rose by 33.38% to CNY 205,976,024.63 year-on-year[7] - Net profit attributable to shareholders increased by 43.02% to CNY 40,206,801.56 compared to the same period last year[7] - Basic and diluted earnings per share increased by 5.56% to CNY 0.19[7] - The company's operating revenue for the current period reached ¥205,976,024.63, an increase of 33.38% compared to ¥154,422,938.43 in the previous period, primarily due to increased sales of container products[14] - Net profit for the current period was ¥40,206,801.56, a 43.02% increase from ¥28,113,167.74 in the previous period, attributed to higher overall profits[15] - Total operating revenue for Q1 2017 reached ¥205,976,024.63, an increase of 33.5% compared to ¥154,422,938.43 in the same period last year[25] - Net profit for Q1 2017 was ¥40,206,801.56, representing a 43% increase from ¥28,113,167.74 in Q1 2016[26] - The company reported a comprehensive income total of ¥40,110,795.16 for Q1 2017, up from ¥27,638,609.09 in the previous year, marking a growth of 45%[27] - The total comprehensive income for the period was ¥21,837,835.64, compared to ¥8,311,167.82 in the previous year, marking a growth of about 162.5%[30] Assets and Liabilities - Total assets increased by 5.41% to CNY 1,624,948,476.90 compared to the end of the previous year[7] - The total assets of the company as of March 31, 2017, amounted to ¥1,624,948,476.90, up from ¥1,541,615,459.87 at the beginning of the year[19] - The company's total liabilities increased to ¥274,450,590.58 from ¥231,178,942.20, reflecting a rise in current liabilities[19] - The total liabilities at the end of Q1 2017 were ¥100,616,561.68, an increase of 40.9% from ¥71,453,440.06 at the start of the year[23] - Current assets totaled ¥575,385,970.09 at the end of Q1 2017, an increase of 6.3% from ¥541,019,490.33 at the start of the year[22] Cash Flow - Net cash flow from operating activities decreased by 54.12% to CNY 34,422,945.12[7] - The company's cash flow from operating activities decreased by 54.12% to ¥34,422,945.12 from ¥75,032,581.59, mainly due to increased payments for materials[15] - Cash inflow from operating activities totaled ¥271,798,717.46, up from ¥184,414,993.78 year-over-year, indicating a growth of approximately 47.5%[33] - The net cash flow from operating activities was ¥34,422,945.12, a decrease from ¥75,032,581.59 in the previous year, reflecting a decline of about 54.1%[33] - Cash outflow for purchasing goods and services was ¥180,937,156.86, compared to ¥66,311,999.47 in the prior year, showing an increase of approximately 172.5%[33] - The cash flow from investing activities showed a net outflow of ¥114,737,283.29, compared to a net inflow of ¥18,642,253.19 in the same period last year[33] Shareholder Information - The total number of shareholders reached 27,774 at the end of the reporting period[10] - The largest shareholder, Huang Jie, holds 40.41% of the shares, totaling 83,558,105 shares[10] Other Financial Metrics - The weighted average return on net assets decreased by 0.83 percentage points to 3.02%[7] - Government subsidies recognized in the current period amounted to CNY 3,150,750[8] - Non-recurring gains and losses totaled CNY 2,679,299.80 after tax adjustments[9] - Other current assets surged to ¥112,543,000.22, a dramatic increase of 3020.02% from ¥3,607,120.23, mainly due to the purchase of financial products and increased deductible input tax[13] - Prepayments increased by 54.26% to ¥25,759,644.17 from ¥16,698,695.86, primarily due to higher advance payments for materials[13] - The company reported a significant decrease in payable employee compensation by 34.04% to ¥15,297,510.44 from ¥23,191,365.90, primarily due to the distribution of last year's year-end bonuses[13] - The company's cash and cash equivalents decreased to ¥789,073,982.28 from ¥869,995,229.53, indicating a reduction in liquidity[17] - The company's cash and cash equivalents decreased to ¥357,560,869.01 from ¥461,947,393.60, a decline of 22.5%[21] - Inventory levels rose to ¥82,416,085.77, up 46.5% from ¥56,211,817.99 at the beginning of the year[22] - The company received tax refunds amounting to ¥5,158,178.63, compared to ¥2,241,880.78 in the previous year, reflecting an increase of approximately 130.5%[33] - The company paid ¥32,005,997.02 to employees, which is an increase from ¥27,208,317.54 in the previous year, representing a growth of about 17.5%[33]

Financial Performance - The company's operating revenue for 2016 was CNY 675,793,332.74, a decrease of 8.35% compared to CNY 737,371,556.00 in 2015[17]. - The net profit attributable to shareholders for 2016 was CNY 124,443,134.56, down 1.01% from CNY 125,709,966.47 in 2015[17]. - The net profit after deducting non-recurring gains and losses increased by 9.02% to CNY 121,002,760.63 in 2016 from CNY 110,986,363.63 in 2015[17]. - The cash flow from operating activities for 2016 was CNY 133,953,169.87, a decrease of 22.29% compared to CNY 172,371,234.08 in 2015[17]. - The total assets at the end of 2016 were CNY 1,541,615,459.87, an increase of 79.04% from CNY 861,068,426.05 at the end of 2015[17]. - The net assets attributable to shareholders increased by 83.06% to CNY 1,310,436,517.67 at the end of 2016 from CNY 715,832,836.76 at the end of 2015[17]. - Basic earnings per share for 2016 were CNY 0.67, down 17.28% from CNY 0.81 in 2015[18]. - The weighted average return on net assets decreased by 7.28 percentage points to 11.83% in 2016 from 19.11% in 2015[18]. Revenue and Market Growth - Domestic revenue grew by 49.73% year-on-year, driven by the expansion into new markets and customers[41]. - The company received orders for over 4,000 tank containers from the top ten industry clients, solidifying its market position[37]. - The company developed new products including IBC medium bulk containers and double-layer tank containers, enhancing its product portfolio[38]. - The market for tank containers is on the rise, particularly in the chemical, food, and energy logistics sectors, supported by new regulations on hazardous materials transportation[62]. - The demand for frozen equipment is expected to rise due to increasing consumer preference for easily preserved frozen foods, driven by faster lifestyles and higher living standards[60]. Cost Management and Efficiency - The gross profit margin for the main business increased by 2.78 percentage points to 30.51% due to lower raw material prices and improved cost control[42]. - The company established a three-tier cost management system, which improved production efficiency and reduced consumption[39]. - The company has implemented a project responsibility system to ensure high-quality service and meet customer-specific needs[33]. - The company is committed to advancing lean production and improving operational management to enhance efficiency and reduce costs[73]. Research and Development - The company has established a strong technical research platform with 72 valid patents, including 36 invention patents[32]. - The company introduced a high-level talent management model, hiring 1 postdoctoral and 5 master's graduates to strengthen its R&D capabilities[39]. - The company’s R&D expenses totaled 27.89 million yuan, which is 4.13% of the operating income[54]. - The company has not disclosed any new product developments or market expansions reported in the current financial period[118]. Shareholder Returns and Dividends - The company plans to submit the profit distribution proposal of CNY 1.80 per 10 shares to the annual general meeting for approval, totaling CNY 37,844,325.00[2]. - The cash dividend per share for 2016 was ¥1.80, with a payout ratio of 30.41% of net profit[79]. - In 2016, the company distributed cash dividends totaling ¥9,306,000 and ¥35,751,949.98 in 2015, reflecting a commitment to shareholder returns[78]. Assets and Liabilities - The company's total assets at the end of the reporting period amounted to ¥1,540,000,000, with cash and cash equivalents constituting 56.43% of total assets, a significant increase of 213.55% compared to the previous period[59]. - Total liabilities amounted to ¥231,178,942.20, up from ¥145,235,589.29, showing an increase of approximately 59.1%[154]. - The company's equity attributable to shareholders rose to ¥1,310,436,517.67 from ¥715,832,836.76, reflecting an increase of about 83.5%[155]. Governance and Compliance - The company has appointed Tianjian Accounting Firm as its auditor for the 2016 fiscal year, with a remuneration of RMB 500,000[89]. - The financial statements for the year ended December 31, 2016, were audited and found to be in accordance with accounting standards, reflecting the company's financial position accurately[149]. - The company has not disclosed any internal control deficiencies during the reporting period[141]. - The company has not reported any significant risks identified by the supervisory board[140]. Employee and Management Structure - The total number of employees in the parent company is 361, while the main subsidiaries employ 679, resulting in a total of 1,040 employees[129]. - The company maintains a 100% labor contract signing rate and provides social insurance and housing fund contributions for employees[96]. - The company has established a comprehensive training system, focusing on management, leadership, and professional skills training to cultivate high-quality talent[131]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and potential adjustments in national industrial policies affecting its frozen equipment and container products[75]. - Key raw materials include stainless steel, valves, and carbon steel, with price volatility impacting operational performance and increasing business risks[75]. - Foreign sales are primarily settled in USD, exposing the company to exchange rate risks that could affect financial performance[75].

2016 年第三季度报告 公司代码：603339 公司简称：四方冷链 南通四方冷链装备股份有限公司 2016 年第三季度报告 1 / 23 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人黄杰、主管会计工作负责人黄华及会计机构负责人（会计主管人员）黄华保证季 度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 12 | 2016 年第三季度报告 | 润 | | | | | | --- | --- | --- | --- | --- | | 加权平均净资产 | 8.53 | 13.90 | 减少 5.37 | 个百 ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥300,954,719.28, a decrease of 16.24% compared to ¥359,321,897.30 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2016 was ¥49,838,656.98, down 11.80% from ¥56,504,980.09 in the previous year[17]. - The net cash flow from operating activities was negative at -¥8,038,735.13, a significant decline from ¥108,709,796.13 in the same period last year, representing a decrease of 107.39%[17]. - Basic earnings per share for the first half of 2016 were ¥0.30, a decrease of 16.67% compared to ¥0.36 in the same period last year[19]. - The weighted average return on net assets was 6.09%, down 2.91 percentage points from 9.00% in the previous year[19]. - The company achieved operating revenue of ¥300,954,719.28, a year-on-year decrease of 16.24%[25]. - The net profit attributable to shareholders was ¥49,838,656.98, down 11.8% compared to the previous year[25]. - The company reported a profit before tax of CNY 57,229,867.46, down 13.1% from CNY 65,853,243.20 year-over-year[86]. - Comprehensive income totalled CNY 50,470,004.33, compared to CNY 56,480,042.84 in the previous year, reflecting a decrease of 10.6%[87]. - The company recorded a net profit of CNY 49,838,656.98, which represents a profit margin of approximately 16.6%[86]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -8,038,735.13 RMB, a significant decrease compared to 108,709,796.13 RMB in the previous period[94]. - Total cash inflow from financing activities amounted to 479,408,930.00 RMB, while cash outflow was 9,118,930.00 RMB, resulting in a net cash flow of 470,290,000.00 RMB[95]. - The total cash and cash equivalents at the end of the period reached 736,527,037.96 RMB, up from 245,851,144.63 RMB in the previous period[95]. - The cash inflow from operating activities totaled 366,770,784.75 RMB, while cash outflow was 374,809,519.88 RMB, leading to a net cash flow of -8,038,735.13 RMB[94]. - The total cash outflow for operating activities was 374,809,519.88 RMB, which is an increase from 299,462,955.37 RMB in the previous period[94]. - The company reported a significant increase in cash received from tax refunds, totaling 3,546,360.93 RMB compared to 23,997,233.90 RMB in the previous period[94]. - The company reported a total cash balance of approximately ¥736,998,438 at the end of the period, up from ¥277,464,309 at the beginning, indicating a significant increase of 165%[181]. Assets and Liabilities - Total assets increased to CNY 1,416,099,153.28, up from CNY 861,068,426.05, representing a growth of approximately 64.5%[80]. - Current assets rose to CNY 1,220,877,522.15, compared to CNY 657,311,913.14, indicating an increase of about 85.7%[80]. - Total liabilities amounted to CNY 184,376,015.69, up from CNY 145,235,589.29, reflecting an increase of around 26.9%[81]. - Owner's equity surged to CNY 1,231,723,137.59, compared to CNY 715,832,836.76, marking an increase of approximately 72.0%[81]. - The total equity attributable to the parent company at the end of the current period is 1,231,723,137.59 CNY, an increase from the previous period's 715,832,836.76 CNY, reflecting a growth of approximately 72%[101]. - The total amount of minority interests in equity is 515,744,620.26 CNY, reflecting the company's diverse ownership structure[101]. Research and Development - The company increased its R&D expenditure to ¥14,226,271.72, reflecting a 5.13% increase from the previous year[28]. - The company launched several new products, including a continuous fermentation device and a new type of shock freezing device, contributing to new profit growth points[26]. - The company added 10 new patents during the reporting period, including 8 invention patents[26]. - The company has established itself as a high-tech enterprise recognized by various government bodies in Jiangsu Province, with 65 authorized patents as of June 30, 2016, including 30 invention patents[38]. Corporate Governance and Compliance - The report was not audited, and the management has confirmed the accuracy and completeness of the financial report[1]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[61]. - There are no reported penalties or rectifications for the company or its executives during the reporting period[61]. - The company has committed to maintaining stock price stability for three years post-IPO[58]. - The company will not transfer or allow others to manage its shares for 36 months following the stock listing[58]. Shareholder Information - The total number of shares increased from 155,100,000 to 206,800,000 after the issuance of 51,700,000 new shares[65]. - The company has a total of 46,617 shareholders as of the end of the reporting period[66]. - The top shareholder, Huang Jie, holds 83,558,105 shares, representing 40.41% of the total shares[68]. - The company has a lock-up period for major shareholders, with Huang Jie and Huang Xiaoying restricted from transferring their shares for 36 months post-IPO[70]. Taxation - The company benefited from a reduced corporate income tax rate of 15% due to its qualification as a high-tech enterprise, valid for three years from September 2014[178]. - The company has a diverse tax structure, with a value-added tax rate of 17% and corporate income tax rates of 15% and 25% depending on the entity[176][177]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[117]. - The company has not made any changes to its significant accounting policies or estimates during the reporting period[175]. - The company recognizes expected liabilities for obligations that are likely to result in an outflow of economic benefits and can be reliably measured[165].