Financial Performance - Operating revenue rose by 2.72% to CNY 4,675,815.40 year-on-year[6] - Net profit attributable to shareholders decreased by 64.70% to CNY 1,754,552.30 compared to the same period last year[6] - Basic earnings per share dropped by 64.60% to CNY 0.0097[6] - The company's net profit attributable to shareholders was CNY -58,323,166.87, compared to CNY -57,029,635.36 in the previous year, indicating a slight increase in losses[21] - In Q1 2021, the company's net profit was CNY 1,743,418.87, a decrease of 64.8% compared to CNY 4,949,156.20 in Q1 2020[23] - The company reported a total comprehensive income of CNY 1,746,863.48 for Q1 2021, compared to CNY 4,966,842.29 in Q1 2020, reflecting a decrease of 64.8%[23] Cash Flow - Cash flow from operating activities declined by 27.30% to CNY 2,962,928.90[6] - The cash flow from operating activities for Q1 2021 was CNY 2,962,928.90, a decrease from CNY 4,075,402.94 in Q1 2020[26] - The net cash flow from operating activities was -¥450,211.23, worsening from -¥143,398.14 year-over-year, indicating a decline in operational efficiency[30] - The company reported a net increase in cash and cash equivalents of ¥33,209,040.18, compared to ¥17,432,485.42 in the previous year, marking an increase of approximately 90.2%[27] Assets and Liabilities - Total assets increased by 1.81% to CNY 124,882,912.13 compared to the end of the previous year[6] - Total assets as of March 31, 2021, were CNY 247,054,071.67, down from CNY 249,038,748.32 at the end of 2020[21] - Total liabilities amounted to CNY 44,629,613.53, a decrease from CNY 45,320,758.67 in the previous period[20] - Total equity attributable to shareholders was CNY 97,506,169.76, with total equity including minority interests at CNY 100,952,380.47[35] Shareholder Information - The total number of shareholders reached 11,304 at the end of the reporting period[9] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares[9] Investment Activities - Investment activities generated a net cash flow of ¥30,242,666.67, a 126.72% increase compared to ¥13,339,396.39 in the same period last year[12] - The company’s long-term equity investments decreased to ¥20,486,620.93 from ¥21,945,578.07, indicating a decline in investment value[17] - The company received ¥3,000,000.00 from other investment-related cash activities, down from ¥8,880,000.00 in the previous year, indicating a decline in investment returns[30] Tax and Expenses - The company reported a 56.08% decrease in income tax expenses to ¥1,049,718.40 from ¥2,390,148.45, attributed to reduced profitability of subsidiaries[11] - The company incurred management expenses of CNY 460,000.63 in Q1 2021, an increase from CNY 362,308.06 in Q1 2020, representing a rise of 27.1%[25] Future Outlook - The company anticipates uncertainty in cumulative net profit for the year due to the unpredictable performance of its joint venture, Shanghai Huili Paint Co., Ltd.[12] - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[22]

Financial Performance - The company's total revenue for 2020 was CNY 18,931,372.81, representing a 56.26% increase compared to CNY 12,115,202.91 in 2019[20] - The net profit attributable to shareholders for 2020 was CNY 17,286,777.74, a significant increase of 128.75% from CNY 7,556,897.10 in 2019[20] - The net cash flow from operating activities reached CNY 10,590,247.84, up 57.53% from CNY 6,722,764.05 in the previous year[20] - The operating profit for 2020 was RMB 2,282.36 million, representing a significant increase of 143.14% year-on-year[32] - The net profit attributable to shareholders for 2020 was RMB 1,728.68 million, up 128.75% from the previous year[32] - The company reported a net profit of ¥1,671.37 million from Shanghai Huili Flooring Products Co., Ltd., which had total assets of ¥1,860.35 million[54] - The company reported a net loss of RMB 157,809,245.03 for the year, an improvement from a loss of RMB 175,096,022.77 in 2019, representing a reduction in losses of approximately 9.2%[141] - The total comprehensive income for 2020 was CNY 362,571.40 million, down from CNY 571,323.66 million in 2019, indicating a decline of 36.5%[152] Assets and Liabilities - The company's total assets increased by 15.82% to CNY 122,666,206.82 at the end of 2020, compared to CNY 105,914,103.51 at the end of 2019[20] - As of December 31, 2020, the company's total assets amounted to RMB 12,266.62 million, with total liabilities of RMB 2,171.38 million and equity attributable to shareholders of RMB 9,750.62 million[29] - Total liabilities were reported at RMB 21,713,826.35, a decrease from RMB 22,220,281.17, showing a reduction of about 2.3%[140] - The company's equity attributable to shareholders increased to RMB 97,506,169.76 from RMB 80,272,529.50, marking a growth of approximately 21.5%[141] - The total liabilities to equity ratio improved to approximately 21.5%, down from 26.6% in the previous year, indicating a stronger equity position[140] Cash Flow - Cash and cash equivalents at the end of the period reached ¥55,058,431.35, accounting for 44.88% of total assets, a 105.06% increase compared to the previous period[48] - The cash flow from investment activities was -276.64 million RMB, an increase in outflow compared to -168.77 million RMB last year[45] - The cash and cash equivalents at the end of 2020 were CNY 9,723,209.13, a decrease from CNY 26,849,716.20 at the end of 2019[156] - The ending balance of cash and cash equivalents was CNY 5.35 million in 2020, down from CNY 23.68 million in 2019, indicating a decline of approximately 77.6%[159] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,303, an increase from 11,299 at the end of the previous month[87] - The largest shareholder, Shanghai Huili Group, held 51,989,300 shares, representing 28.64% of the total shares[89] - The company emphasizes the protection of shareholders' rights, particularly for minority shareholders, through a robust governance structure[82] - The company has no shareholders holding more than 10% of the shares[95] Governance and Management - The company has maintained a complete internal control system to ensure scientific management and protect the legal rights of shareholders[82] - The company actively engages with investors, responding to inquiries and participating in investor reception activities[82] - The company has implemented a performance evaluation system to ensure competitive salary structures for employees[81] - The company has established a performance evaluation and incentive mechanism for all employees[115] Future Outlook and Strategy - The company aims to expand its main business revenue while ensuring profitability, focusing on sustainable operations[58] - The company expects to achieve a minimum of 17 million yuan in main business revenue for 2021, with expenses capped at 5.8 million yuan, maintaining profitability for the year[59] - The company plans to enhance its leasing services for its own properties, particularly in the Shanghai Kangqiao area, where the current tenant's lease will extend until the end of 2021[59] - The company aims to continue expanding its main business in 2021, with a focus on growth despite existing uncertainties in strategy and market position[61] Risks and Challenges - The company has outlined potential risks in its future development strategy, which investors should be aware of[6] - The rental market's supply and demand dynamics are uncertain due to recent trade disputes and the pandemic, impacting future leasing opportunities[57] - The company faces risks related to its small business scale and slow growth, particularly concerning the leasing of its properties, which is a significant source of revenue[61] Compliance and Reporting - The company has implemented new revenue recognition standards starting January 1, 2020, which do not retroactively affect 2019 financial indicators[67] - The company retained Zhonghua Accounting Firm for its 2020 annual audit, with an audit fee of 318,000 yuan[70] - The company completed four regular reports and 34 temporary announcements during the reporting period, ensuring timely information disclosure[115]

Financial Performance - Net profit attributable to shareholders increased by 184.06% to CNY 13,132,467.39 for the first nine months of the year[6] - Operating revenue for the first nine months reached CNY 14,281,255.74, an increase of 82.56% year-on-year[6] - Basic earnings per share rose by 183.92% to CNY 0.0724[6] - Total profit for the first three quarters of 2020 was ¥17,646,004.32, compared to ¥5,617,958.86 in the same period of 2019, showing a growth of approximately 213.5%[27] - Net profit for Q3 2020 was ¥4,161,254.13, compared to ¥2,077,323.20 in Q3 2019, reflecting an increase of approximately 100.5%[27] - The company reported a net loss of CNY 57,968,320.05 for the period, compared to a loss of CNY 57,392,206.76 in the previous year[24] Asset and Liability Management - Total assets increased by 12.43% to CNY 119,077,995.47 compared to the end of the previous year[6] - Total liabilities increased to CNY 44,369,929.41 from CNY 38,242,512.82 year-over-year, reflecting a growth of approximately 15.6%[23] - Shareholders' equity totaled CNY 202,779,304.96, slightly down from CNY 203,355,418.25 compared to the previous year[24] - The total current assets reached CNY 121,435,273.79, up from CNY 114,815,697.39 year-over-year[22] - The company’s total non-current assets decreased slightly to CNY 125,713,960.58 from CNY 126,782,233.68[23] Cash Flow and Liquidity - Net cash flow from operating activities increased by 134.52% to CNY 8,558,492.97 compared to the same period last year[6] - Cash and cash equivalents increased to CNY 49,762,080.14 from CNY 23,681,871.84, indicating a significant improvement in liquidity[22] - The company achieved a net cash flow from investing activities of 18,969,181.39 RMB in the first nine months of 2020, a significant recovery from a negative cash flow of -13,851,850.37 RMB in the same period last year[36] - Total cash and cash equivalents at the end of Q3 2020 reached 54,360,650.51 RMB, up from 26,808,055.09 RMB at the end of Q3 2019, indicating a growth of 102.5%[37] Shareholder Information - The total number of shareholders reached 11,426 by the end of the reporting period[10] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares[11] Operational Insights - The company has not disclosed any significant new product developments or market expansion strategies in this report[12] - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[27] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[48] Tax and Expenses - The company's tax expenses for the first nine months of 2020 were ¥4,483,130.96, a 336.40% increase from ¥1,027,301.03 in the previous year, reflecting increased profitability of subsidiaries[14] - Management expenses for Q3 2020 were ¥655,990.28, down from ¥841,454.57 in Q3 2019, representing a reduction of approximately 22%[26] Investment Performance - The company reported a significant decrease in investment income, with a loss of ¥130,695.04 for the third quarter of 2020, compared to a profit of ¥788,314.15 in the same quarter of 2019, primarily due to losses from the joint venture Shanghai Huili Coating Co., Ltd.[14] - The company recorded interest income of 230,241.15 million RMB in Q3 2020, compared to 210,371.90 million RMB in Q3 2019, marking an increase of 9.0%[31] - Investment income for Q3 2020 was reported at 1,074,992.75 million RMB, down from 1,308,946.19 million RMB in Q3 2019, representing a decline of 17.8%[31] Future Outlook - Future guidance remains optimistic, with expectations for continued growth in both revenue and market share[48] - The company anticipates uncertainty regarding cumulative net profit for the year compared to the previous year, mainly due to the uncertain operating performance of the joint venture Shanghai Huili Coating Co., Ltd.[15]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥9,491,154.62, representing a 72.91% increase compared to ¥5,489,162.23 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2020 was ¥8,983,674.78, a significant increase of 257.14% from ¥2,515,471.03 in the previous year[16]. - The net cash flow from operating activities reached ¥5,126,471.69, up 106.44% from ¥2,483,262.73 in the same period last year[16]. - Basic earnings per share for the first half of 2020 were ¥0.0495, a 256.12% increase compared to ¥0.0139 in the same period last year[17]. - The weighted average return on equity rose to 10.60%, an increase of 7.20 percentage points from 3.40% in the previous year[17]. - The net profit after deducting non-recurring gains was ¥4,694,418.06, which is an increase of 118.18% from ¥2,151,608.85 in the same period last year[16]. - The company reported a total income of CNY 21.79 million from structured deposit products, with a total recognized income of CNY 2.79 million for the reporting period[34]. - The total profit for the first half of 2020 was ¥12,448,973.41, a substantial increase from ¥3,097,104.90 in the first half of 2019[76]. - The company achieved an operating profit of ¥12,439,260.89, compared to ¥3,091,212.57 in the first half of 2019, marking an increase of 302.5%[76]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥114,868,357.50, an increase of 8.45% from ¥105,914,103.51 at the end of the previous year[16]. - The net assets attributable to shareholders increased to ¥89,273,537.83, reflecting an 11.21% growth from ¥80,272,529.50 at the end of the previous year[16]. - The company's cash and cash equivalents increased by 38.40% to CNY 35,327,452.83, attributed to rental income and land transfer payments received[31]. - The total liabilities amounted to CNY 22,155,582.38, slightly down from CNY 22,220,281.17, indicating a decrease of about 0.3%[69]. - The total current assets amounted to ¥78,598,474.45, an increase of approximately 16.5% from ¥67,443,027.70 on December 31, 2019[67]. - The total non-current assets were valued at ¥28,493,758.65, a decrease from ¥29,101,451.44, indicating a decline of approximately 2.1%[67]. Business Operations - The company's main business revenue primarily comes from leasing its own factory buildings, with rental income from the Kangqiao area reaching CNY 9.0775 million during the reporting period[24]. - The company's operating income increased by 72.91% year-on-year, totaling CNY 9,491,154.62, while operating costs decreased by 25.38% to CNY 405,392.68[26]. - The company faced a loss of CNY 3.9605 million from its joint venture, Huili Paint, due to the impacts of COVID-19 and prolonged rainy seasons[25]. - The company has not made any substantial progress in its main business income growth or operational sustainability during the reporting period[25]. - The company has agreed to extend the lease period for a tenant due to the impact of COVID-19, with three requests made during the reporting period[49]. Shareholder Information - The company has 11,347 total common stock shareholders as of the end of the reporting period[56]. - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 51,989,300 shares, representing 28.64% of the total shares[58]. - The second largest shareholder, CITIC Real Estate Group Co., Ltd., holds 9,897,800 shares, representing 5.45% of the total shares[58]. Strategic Outlook - The company anticipates uncertainty in cumulative net profit compared to the previous year, mainly due to the performance volatility of its associate, Huili Paint Co.[40]. - The company faces risks related to strategic uncertainties and potential delisting due to insufficient rental income growth from its leasing business[41]. - The company plans to enhance its market expansion strategies in the upcoming quarters[90]. - New product development initiatives are underway, focusing on innovative technologies to capture market share[90]. - The company is considering potential mergers and acquisitions to strengthen its market position[90]. Accounting and Financial Policies - The financial statements are prepared based on the principle of continuous operation and comply with the requirements of enterprise accounting standards, reflecting the company's financial position and operating results accurately[106]. - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, intangible asset amortization, and revenue recognition tailored to its operational characteristics[105]. - The company recognizes impairment losses or gains in profit or loss based on changes in expected credit losses[145]. - The company assesses expected credit losses for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[143]. Employee Benefits and Provisions - The company recognizes employee benefits as liabilities based on the established contribution plan during the service period, impacting current profits or related asset costs[190]. - The company does not have a defined benefit plan in place for employee benefits[191]. - The company recognizes provisions for current obligations related to product quality guarantees and loss contracts when the amounts can be reliably measured[195].

Financial Performance - Net profit attributable to shareholders surged by 2,272.20% to CNY 4,970,427.22 from CNY 209,528.23 in the same period last year[7] - Operating revenue rose by 65.93% to CNY 4,552,005.87 compared to CNY 2,743,324.65 in the previous year[7] - Basic earnings per share reached CNY 0.0274, up 2,183.33% from CNY 0.0012 in the same period last year[7] - The company reported a significant increase in net profit due to improved operational efficiency and revenue growth[13] - The company reported a net profit attributable to shareholders of ¥4,970,427.22, a significant increase of 2,272.20% from ¥209,528.23, driven by asset disposal gains[15] - Net profit for Q1 2020 was CNY 4,949,156.20, compared to CNY 204,519.32 in Q1 2019, indicating a significant increase[28] Cash Flow - Net cash flow from operating activities increased by 506.86% to CNY 4,075,402.94 from CNY 671,560.18 year-on-year[7] - Cash and cash equivalents increased by 64.93% to ¥44,282,201.62 from ¥26,849,716.20 due to a decrease in wealth management products[15] - Net cash flow from operating activities surged by 506.86% to ¥4,075,402.94 from ¥671,560.18, mainly due to increased rental income and reduced tax payments[16] - The net cash flow from operating activities for Q1 2020 was CNY 4,075,402.94 million, significantly up from CNY 671,560.18 million in Q1 2019[33] - The cash inflow from operating activities totaled 220,622.58 RMB in Q1 2020, down from 328,421.61 RMB in Q1 2019, a decline of 32.9%[35] Assets and Liabilities - Total assets increased by 6.98% to CNY 113,303,812.43 compared to the end of the previous year[7] - Total assets increased to ¥113,303,812.43 from ¥105,914,103.51, reflecting a growth in both current and non-current assets[19] - Total liabilities increased to CNY 40,079,429.53 from CNY 38,242,512.82, reflecting a rise of 4.8%[24] - Non-current liabilities remained stable, with no significant changes reported in long-term borrowings or bonds[19] Shareholder Information - The total number of shareholders reached 11,188 by the end of the reporting period[11] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares, totaling 51,989,300 shares[11] Operating Costs and Income - Operating costs decreased by 60.26% to ¥202,696.42 from ¥510,006.77, attributed to reduced factory leasing costs[15] - Total operating costs decreased to CNY 710,716.18 from CNY 1,233,402.39, representing a reduction of 42.3%[28] Investment Performance - Investment income from joint ventures showed a loss of ¥1,846,844.81, worsening from a loss of ¥1,136,599.69 in the previous year[15] - The company anticipates uncertainty in cumulative net profit for the year due to the unpredictable performance of joint venture Shanghai Huili Coating Co., Ltd.[16] Taxation - Tax payable increased by 33.70% to ¥9,508,701.42 from ¥7,111,862.89, due to higher income tax provisions[15] Comprehensive Income - The comprehensive income total for Q1 2020 was CNY -2,004,142.90 million, compared to CNY -941,618.81 million in the previous year[32] - The company reported a total of CNY 4,966,842.29 million in comprehensive income for Q1 2020, compared to CNY 185,980.87 million in Q1 2019[32]

Financial Performance - In 2019, the company's total revenue was CNY 12,115,202.91, a decrease of 7.98% compared to CNY 13,166,153.13 in 2018[20] - The net profit attributable to shareholders in 2019 was CNY 7,556,897.10, representing a significant increase of 455.15% from CNY 1,361,224.47 in 2018[20] - The operating profit for 2019 was CNY 9.39 million, reflecting an increase of 296.86% year-on-year[35] - The company's net profit attributable to shareholders is CNY 7,556,900, an increase of 455.15% compared to CNY 1,361,200 in the previous year, mainly due to the turnaround of the joint venture's performance[50] - The total operating revenue for 2019 was CNY 12,115,202.91, a decrease of 7.98% from CNY 13,166,153.13 in 2018[37] - The company's net profit for 2019 reached CNY 7,585,381.53, significantly up from CNY 1,343,186.41 in 2018, representing a growth of 464.5%[151] Cash Flow and Assets - The net cash flow from operating activities for 2019 was CNY 6,722,764.05, down 20.96% from CNY 8,505,242.64 in 2018[20] - The company reported a net cash flow from operating activities of CNY 3.07 million in the fourth quarter[1] - The net cash flow from investing activities has drastically decreased by 4,090.28%, from CNY 422,959.38 to -CNY 16,877,257.22, attributed to the purchase of low-risk financial products that have not matured by year-end[49] - Cash and cash equivalents decreased by 27.40% to CNY 26,849,716.20 from CNY 36,984,716.28[53] - The company's total assets at the end of 2019 were CNY 105,914,103.51, an increase of 6.96% from CNY 99,021,404.80 at the end of 2018[20] - Total assets as of December 31, 2019, amounted to RMB 105,914,103.51, an increase from RMB 99,021,404.80 in 2018, reflecting a growth of approximately 6.5%[142] Shareholder Information - The company did not distribute profits for 2019 due to negative retained earnings, and no capital reserve conversion is planned[73] - The company has not proposed a cash dividend plan for 2019, as the profits available for distribution to ordinary shareholders are negative[75] - The total number of ordinary shareholders at the end of the reporting period was 11,298, an increase from 11,229 at the end of the previous month[98] - The largest shareholder, Shanghai Huili Group Co., Ltd., held 51,989,300 shares, representing 28.64% of the total shares[100] Operational Strategy and Risks - The company aims to expand its main business revenue while ensuring profitability and improving operational sustainability[68] - The company is currently in a new business exploration phase, lacking a clear industry positioning and facing challenges in international trade and aquaculture[67] - The company faces risks related to strategic uncertainties and potential delisting due to slow growth and the expiration of current rental contracts[71] - The impact of the COVID-19 pandemic is expected to have a temporary effect on the company's financial status, with the extent depending on the progress and duration of the pandemic[71] Governance and Compliance - The company has engaged Zhonghua Accounting Firm for auditing services, with a fee of 318,000 yuan for the year[81] - The company has a diverse board with members holding various positions in other organizations, enhancing governance[111] - The company has implemented a performance evaluation system to ensure fair and competitive compensation for employees[93] - The company actively protects the rights of minority shareholders and maintains a robust governance structure[93] Internal Controls and Financial Reporting - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and reflect a true and fair view of the company's financial position[135] - The company has implemented key internal controls related to the recognition of rental income to mitigate the risk of revenue manipulation[133] - The independent auditor issued a standard unqualified opinion on the company's internal control audit report for 2019[129] - The company has not reported any significant deficiencies in internal control during the reporting period[127] Future Outlook - The company expects to achieve a minimum of 15 million yuan in main business revenue for 2020, with expenses capped at 5.8 million yuan, maintaining profitability for the year[69] - The company plans to enhance brand reputation and customer loyalty while optimizing its organizational structure and compensation system[71] - The company is focusing on improving its operational efficiency to mitigate losses and enhance profitability in the upcoming periods[173]

Financial Performance - Operating revenue for the period was ¥7,822,618.37, a decrease of 24.92% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was ¥4,623,206.26, representing an increase of 801.82% year-on-year[7]. - Basic earnings per share were ¥0.0255, up 810.71% from ¥0.0028 in the same period last year[8]. - The company reported a total profit of 5,617,958.86 for the first three quarters of 2019, compared to 1,115,010.01 in the same period of 2018[26]. - The total profit for Q3 2019 was 2,520,853.96, significantly higher than 246,829.05 in Q3 2018[26]. - The net profit for Q3 2019 reached 2,077,323.20, compared to a net loss of 369,019.12 in Q3 2018[26]. - The company reported a net loss of CNY 178,029,713.61, an improvement from a loss of CNY 195,352,919.87 in the previous period[19]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥102,377,980.15, an increase of 3.39% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 21,672,533.78 from CNY 22,932,502.86, reflecting a decline of approximately 5.5%[19]. - Current liabilities totaled CNY 20,423,295.50, down from CNY 21,671,380.58, a decrease of about 5.8%[19]. - Non-current assets totaled CNY 38,228,578.67, down from CNY 39,460,077.00, indicating a decrease of about 3.1%[18]. - The total current assets as of September 30, 2019, amounted to CNY 64,149,401.48, an increase from CNY 59,561,327.80 at the end of 2018[17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,324[10]. - The largest shareholder, Shanghai Huili Group Co., Ltd., held 51,989,300 shares, accounting for 28.64% of the total[10]. - The company's total equity attributable to shareholders increased to CNY 77,345,186.39 from CNY 72,696,093.53, reflecting a growth of approximately 6.5%[19]. Cash Flow - The company reported a cash flow from operating activities of ¥3,649,302.58, a decrease of 37.11% compared to the previous year[7]. - Cash and cash equivalents decreased to CNY 24,253,097.93 from CNY 34,406,230.38, a decline of about 29.6%[22]. - The company generated 72,867,854.04 RMB in cash inflows from investment activities in Q3 2019, down from 94,383,530.35 RMB in Q3 2018, representing a decline of about 22.8%[37]. - The net cash flow from investment activities was -9,144,163.66 RMB in Q3 2019, an improvement from -22,932,788.82 RMB in Q3 2018, indicating a year-over-year improvement of about 60.1%[37]. Operating Costs and Expenses - Operating costs for the first nine months of 2019 were CNY 717,065.40, a decrease of 81.07% from CNY 3,788,631.02 in the previous year, primarily due to the absence of aquatic trade revenue[12]. - Sales expenses decreased by 49.80% to CNY 105,042.18, attributed to the cessation of aquatic trade operations and reduced personnel and transportation costs[13]. - The company’s management expenses for Q3 2019 were ¥455,154.53, down from ¥595,010.60 in Q3 2018[30]. - Financial expenses for the first three quarters of 2019 showed a significant improvement, with a net income of -¥738,388.42 compared to -¥60,761.59 in the same period of 2018[30]. Investment Income - Investment income improved significantly, with a gain of CNY 788,314.15 compared to a loss of CNY 2,534,201.76 in the previous year, reflecting a recovery in financial returns[13]. - The company recorded investment income of ¥1,308,946.19 in Q3 2019, a recovery from a loss of -¥704,032.56 in Q3 2018[30]. - Investment income from joint ventures for Q3 2019 was 531,424.60, a recovery from a loss of 717,874.84 in Q3 2018[26]. Financial Adjustments - The company has adjusted its financial assets according to new financial instrument standards, leading to a total decrease in other comprehensive income by CNY 12,614,249.94[12]. - The company executed new financial instrument standards, affecting the classification of financial assets[46]. - The company assessed the expected credit loss model, finding no significant impact on the financial statements[42].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥5,489,162.23, a decrease of 20.21% compared to ¥6,879,532.96 in the same period last year[17] - The net profit attributable to shareholders for the first half of 2019 was ¥2,515,471.03, representing an increase of 186.66% from ¥877,505.27 in the previous year[17] - The net cash flow from operating activities decreased by 47.10% to ¥2,483,262.73 from ¥4,694,614.07 in the same period last year[17] - Basic earnings per share for the first half of 2019 were ¥0.0139, up 189.58% from ¥0.0048 in the same period last year[18] - The weighted average return on equity increased by 2.18 percentage points to 3.40% from 1.22% in the previous year[18] - The operating costs significantly dropped by 78.19% to ¥543,306.16 from ¥2,491,090.07, primarily due to the absence of aquatic product trading business[28] - The net profit attributable to shareholders increased by 186.66% to ¥251.55 million from ¥87.75 million, mainly due to improved performance of the associate company[30] - The total profit for the first half of 2019 was CNY 3,097,104.90, compared to CNY 868,180.96 in the same period of 2018, an increase of 256.5%[76] Assets and Liabilities - The total assets at the end of the reporting period were ¥100,394,588.69, an increase of 1.39% from ¥99,021,404.80 at the end of the previous year[17] - The net assets attributable to shareholders increased by 3.47% to ¥75,215,035.13 from ¥72,696,093.53 at the end of the previous year[17] - The total assets decreased by 30.98% to ¥25,526,095.32, primarily due to the purchase of financial products[31] - Total liabilities amounted to CNY 21,788,881.55, down from CNY 22,932,502.86[69] - The total current assets as of June 30, 2019, amount to ¥62,522,189.84, an increase from ¥59,561,327.80 at the end of 2018[67] - The total non-current assets are valued at ¥20,712,497.75, slightly decreased from ¥21,358,677.99[67] Cash Flow - The net cash flow from operating activities decreased by 47.10% to ¥2,483,262.73, attributed to reduced sales revenue and tax payments[28] - Cash inflows from operating activities amounted to 6,227,366.59 RMB, down 31.3% from 9,125,632.64 RMB in the first half of 2018[83] - The net cash flow from investment activities was -13,945,354.26 RMB, an improvement from -25,443,303.15 RMB in the same period last year[84] - The cash and cash equivalents at the end of the period were 25,526,095.32 RMB, compared to 7,274,300.70 RMB at the end of the first half of 2018[85] Business Operations - The company’s main business revenue now primarily comes from leasing its own factory buildings, indicating a shift in business focus[21] - The company is focusing on maintaining rental income and improving the operational status of its associate company Huily Coatings[24] - The company generated a total of ¥15.95 million from financial investments during the reporting period[28] - The company reported a total rental income of RMB 423.11 million from leasing agreements during the reporting period[52] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,440[59] - The top shareholder, Shanghai Huili Group Co., Ltd., holds 51,989,300 shares, representing 28.64% of the total shares[61] - There were no changes in the company's share capital structure during the reporting period[57] Accounting and Compliance - The company implemented new accounting standards effective January 1, 2019, which required adjustments to the financial statements[53] - The company’s financial statements comply with accounting standards, reflecting its financial position and operating results accurately[107] - No significant accounting errors requiring retrospective restatement were reported during the period[55] Strategic Focus and Future Outlook - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the I sector[123] - The company provided guidance for the next quarter, expecting revenue to be between $A million and $B million, indicating a growth rate of C%[123] - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract, confirming assets and liabilities on the transaction date[132] Risk Factors - Company faces uncertainty in cumulative net profit for the year, primarily due to the performance of the joint venture Huili Coatings[42] - Company is at risk of facing significant operational challenges after the lease contract with Lile Company expires on October 31, 2020[43] - Recent losses from the joint venture Huili Coatings have significantly impacted the company's overall performance[44]

Financial Performance - Operating revenue for the period was ¥2,743,324.65, representing an 18.07% decrease year-on-year[7] - Net profit attributable to shareholders was ¥209,528.23, an increase of 314.19% compared to the same period last year[7] - The company reported a net profit excluding non-recurring gains and losses of -¥144,055.38, an improvement of 85.50% year-on-year[7] - The company reported a net loss of CNY -195,143,391.64 for Q1 2019, slightly improved from CNY -195,352,919.87 in the previous period[20] - The company reported a total profit of CNY 602,927.86 for Q1 2019, compared to CNY 44,974.88 in Q1 2018[26] - The company reported an operating profit of CNY 596,652.76 for Q1 2019, a substantial increase from CNY 38,452.72 in Q1 2018[27] Cash Flow - The net cash flow from operating activities was ¥671,560.18, down 79.19% from the previous year[7] - The net cash flow from operating activities for Q1 2019 was ¥671,560.18, a decrease of 79.2% compared to ¥3,227,300.47 in Q1 2018[32] - The cash flow from operating activities for Q1 2019 was CNY 2,530,490.89, down from CNY 4,822,169.80 in Q1 2018[31] - The total cash inflow from operating activities was ¥2,867,834.57, while cash outflow was ¥2,196,274.39, resulting in a net cash flow of ¥671,560.18[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥98,382,680.84, a decrease of 0.65% compared to the end of the previous year[7] - Total liabilities as of March 31, 2019, amounted to CNY 22,107,798.03, a decrease from CNY 22,932,502.86 at the end of 2018[20] - Total assets as of March 31, 2019, were CNY 239,966,427.78, down from CNY 241,055,048.10 at the end of 2018[22] - The company has a total of CNY 38,270,953.51 in liabilities, with non-current liabilities including deferred tax liabilities of CNY 1,027,276.13[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,556[10] - The largest shareholder, Shanghai Huili Group Co., Ltd., held 28.64% of the shares[10] Operational Changes - The company has halted its aquatic trade business, leading to significant reductions in sales and related expenses[14] - The company anticipates uncertainty in cumulative net profit for the year, mainly due to the performance variability of its joint venture, Shanghai Huili Paint Co., Ltd.[15] Financial Ratios and Metrics - Basic earnings per share increased to ¥0.0012, a 300.00% rise compared to ¥0.0003 in the same period last year[7] - The weighted average return on equity rose to 0.29%, an increase of 0.22 percentage points year-on-year[7] - Gross profit margin for Q1 2019 was approximately 62.3%, compared to 67.5% in Q1 2018[25] Investment and R&D - The company’s R&D expenses were not specified in the report, indicating a potential area for future investment focus[25] - The company has a long-term equity investment valued at CNY 125,978,047.16, indicating potential growth opportunities[43] Financial Instruments and Standards - The company executed new financial instrument standards starting January 1, 2019, affecting the financial statement format[40]

Financial Performance - The company's total revenue for 2018 was CNY 13,166,153.13, representing a 7.50% increase compared to CNY 12,247,062.54 in 2017[20]. - The net profit attributable to shareholders for 2018 was CNY 1,361,224.47, a significant decrease of 68.72% from CNY 4,352,268.71 in 2017[20]. - The basic earnings per share for 2018 were CNY 0.0075, down 68.75% from CNY 0.0240 in 2017[21]. - The weighted average return on equity decreased to 1.89% in 2018, down 4.41 percentage points from 6.30% in 2017[21]. - The company reported a significant reduction in sales expenses by 35.58% to 239,190.20, attributed to prior year provisions[45]. - The company reported a total comprehensive income for the year of ¥1,403,387.14, significantly lower than ¥4,283,168.35 from the previous year[150]. - Operating profit decreased to ¥2,365,284.77, down from ¥4,299,063.02, reflecting a decline of approximately 44.8%[149]. Assets and Liabilities - The company's net assets attributable to shareholders at the end of 2018 were CNY 72,696,093.53, reflecting a 1.99% increase from CNY 71,274,668.33 at the end of 2017[20]. - The total assets of the company increased by 2.85% to CNY 99,021,404.80 at the end of 2018, compared to CNY 96,275,389.27 at the end of 2017[20]. - The company's total assets as of December 31, 2018, were CNY 99,021,400, with total liabilities of CNY 22,932,500 and equity attributable to shareholders of CNY 72,696,100[31]. - Total liabilities increased to RMB 22,932,502.86 from RMB 21,589,874.47, marking an increase of about 6%[144]. - The total equity attributable to shareholders was RMB 72,696,093.53, up from RMB 71,274,668.33, showing a growth of approximately 2%[145]. - The company's inventory decreased significantly from RMB 661,965.18 to RMB 7,477.77, indicating a reduction of over 98%[143]. - The accounts receivable dropped from RMB 1,626,716.80 to RMB 255,150.78, a decline of approximately 84%[143]. Cash Flow - The company reported a net cash flow from operating activities of CNY 8,505,242.64, which is a 43.54% increase from CNY 5,925,174.88 in 2017[20]. - The company’s investment activities generated a net cash flow of CNY 422,959.38, a significant recovery from a negative cash flow of CNY 16,178,360.26 in the previous year[36]. - Operating cash inflow for the period was RMB 15,763,779.50, an increase of 23.8% from RMB 12,744,468.27 in the previous period[156]. - Cash and cash equivalents at the end of the period reached RMB 36,984,716.28, up from RMB 27,996,313.53, reflecting a net increase of RMB 8,988,402.75[157]. Business Operations - The company faced significant challenges in 2018, as indicated by the substantial decline in net profit and earnings per share[20][21]. - The company ceased its seafood trading business, leading to a drastic reduction in inventory by 98.87%[50]. - The company has outlined potential risks in its future development strategies, emphasizing the importance of investor awareness regarding these risks[6]. - The company aims to achieve a minimum revenue of 12 million in 2019, with expenses capped at 5.5 million[61]. - The company plans to focus on stabilizing rental income from properties to ensure sustainable operations[61]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 11,751, an increase from 11,556 at the end of the previous month[96]. - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 51,989,300 shares, representing 28.64% of the total shares[98]. - The company does not have any strategic investors or general legal entities that have become top 10 shareholders through new share placements[100]. - The total pre-tax compensation for directors and senior management during the reporting period amounted to 873,000 CNY[107]. Governance and Compliance - The company has established a governance structure to protect the rights of shareholders, particularly minority shareholders, ensuring compliance with legal and regulatory requirements[91]. - The independent auditor issued a standard unqualified opinion on the company's internal control audit report for 2018[132]. - The company has not disclosed any major litigation or arbitration matters for the current year[76]. - The company continues to employ Zhonghua Accounting Firm for its 2018 annual audit, with an audit fee of 300,000 CNY[75]. Accounting Policies - The company's accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[176]. - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and reflect a true and fair view of the company's financial position[137]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[74].