Financial Performance - The company's operating revenue for the first half of 2021 was CNY 409,412,474.36, representing a 141.58% increase compared to CNY 169,472,601.32 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 21.95% to CNY 52,619,331.30 from CNY 67,418,262.77 year-on-year[21]. - The net profit after deducting non-recurring gains and losses increased by 82.64% to CNY 22,678,320.48 compared to CNY 12,417,182.90 in the previous year[21]. - The basic earnings per share decreased by 21.95% to CNY 0.1095 from CNY 0.1403 in the same period last year[21]. - The weighted average return on net assets decreased by 0.68 percentage points to 2.35% from 3.03% in the previous year[21]. - Overall revenue for the reporting period reached 409.41 million CNY, up 141.58% from 169.47 million CNY in the previous year, primarily driven by increased oil product sales[36]. - The company reported a net profit of 52.62 million CNY, a decrease of 21.95% year-on-year, mainly due to reduced investment income from a subsidiary no longer included in the consolidated financial statements[36]. - The total comprehensive income for the first half of 2021 decreased by CNY 63,040,226, representing a decline of 5.26% compared to the previous period[153]. Revenue Sources - The company's oil products business achieved revenue of 367 million CNY in the first half of 2021, a significant increase of 268.25% compared to the same period last year[34]. - The real estate business accounted for only 1.02% of the total operating revenue, indicating it did not significantly impact the company's overall performance[28]. - Revenue from oil sales amounted to ¥367,000,549.90, accounting for 89.64% of total revenue, with a significant increase of 268.25% year-on-year[39]. - Real estate development revenue decreased by 70.84% to ¥4,171,967.89, primarily due to a reduction in property sales[43]. Cash Flow and Assets - The net cash flow from operating activities improved by 12.01%, amounting to CNY -39,999,832.10, compared to CNY -45,461,274.21 in the same period last year[21]. - The total assets at the end of the reporting period were CNY 2,682,971,054.94, a slight increase of 0.13% from CNY 2,679,380,639.68 at the end of the previous year[21]. - The company's cash and cash equivalents increased to ¥110,019,411.20, up from ¥57,128,129.25, reflecting a rise of 1.97 percentage points in total assets[47]. - The total cash and cash equivalents at the end of the period amounted to 91,950,994.91 yuan, up from 25,145,461.98 yuan at the end of the same period last year[146]. Investment and Acquisitions - The company is actively expanding its business by acquiring a stake in Jiangsu Zhongda Tower Co., aiming to cultivate new profit growth points[36]. - The company completed the acquisition of 80% equity in Jiangsu Zhongda Gan Tower Technology Development Co., Ltd. for a total price of 1 billion yuan, with a first payment of 500 million yuan made[102]. - The company received an initial payment of 215 million RMB from the sale of its 100% stake in Beijing Zhonghao Tai Rui Investment Co., Ltd., with a remaining balance of 205 million RMB to be paid within one year[104]. Liabilities and Financial Stability - Total liabilities decreased to CNY 436,552,611.08 from CNY 485,376,849.97, a reduction of about 10.1%[126]. - The total liabilities as of June 30, 2021, were CNY 334,255,998.64, compared to CNY 229,984,967.70 at the end of 2020, representing an increase of approximately 45.4%[131]. - The total liabilities at the end of the current period were 1,303 million yuan, reflecting a stable financial structure[149]. Market and Operational Risks - The company faces market risks due to fluctuating international oil prices and ongoing impacts from the COVID-19 pandemic, which may affect demand for oil products[63]. - The company plans to actively expand new customer bases and product lines to enhance revenue and profitability amid market uncertainties[63]. Corporate Governance and Compliance - The company has not experienced significant changes in its profit structure or sources during the reporting period[38]. - The company adheres to national laws and regulations, ensuring fair trading practices and maintaining the rights of stakeholders, including shareholders and employees[74]. - There are no significant lawsuits or arbitration matters reported during the reporting period[84]. Research and Development - The company’s research and development expenses for the first half of 2021 were CNY 3,661,770.06, compared to CNY 3,104,534.98 in the first half of 2020, representing an increase of approximately 17.9%[132]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not distributed cash dividends or bonus shares for the reporting period, indicating a focus on retaining earnings[67].

Financial Performance - The company's operating revenue for Q1 2021 was ¥153,840,913.28, representing an increase of 848.15% compared to ¥16,225,456.06 in the same period last year[8]. - The net profit attributable to shareholders was ¥34,027,688.20, a significant turnaround from a loss of ¥27,678,483.87 in the previous year, marking a growth of 222.94%[8]. - The basic earnings per share increased to ¥0.0708 from a loss of ¥0.0576, reflecting a growth of 222.92%[8]. - The weighted average return on equity improved to 1.53%, an increase of 2.80 percentage points from -1.27% in the previous year[8]. - The net profit attributable to the parent company for Q1 2021 was ¥34,027,688.20, a significant turnaround from a loss of ¥27,678,483.87 in Q1 2020, driven by increased non-recurring gains from securities investments[16]. - The company reported a net profit of CNY 32,467,102.47 for Q1 2021, compared to a net loss of CNY 28,602,927.68 in the same period last year, indicating a significant turnaround[42]. - The company reported a significant increase in operating profit to CNY 44,273,557.72, compared to a loss of CNY 48,852,652.05 in the previous year[42]. - The total comprehensive income for the quarter was CNY 33,115,731.31, compared to a loss of CNY 30,699,267.34 in the same period last year[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,563,647,668.60, a decrease of 4.32% from ¥2,679,380,639.68 at the end of the previous year[8]. - The net assets attributable to shareholders increased to ¥2,245,482,882.70, up by 1.57% from ¥2,210,688,179.52 at the end of the previous year[8]. - The total liabilities decreased from CNY 485,376,849.97 to CNY 336,409,761.44, a decline of approximately 30.6%[33]. - Current liabilities decreased significantly from CNY 364,874,529.97 to CNY 215,938,836.44, a reduction of approximately 41%[33]. - The company's retained earnings increased from CNY 1,250,819,204.09 to CNY 1,284,846,892.29, reflecting a growth of about 2.7%[34]. - The total owner's equity rose from CNY 2,194,003,789.71 to CNY 2,227,237,907.16, an increase of approximately 1.5%[34]. Cash Flow - The net cash flow from operating activities was negative at -¥65,449,183.09, worsening by 54.56% compared to -¥42,345,894.95 in the same period last year[8]. - The company reported a net cash flow from operating activities of -¥65,449,183.09, a decrease of 54.56% compared to -¥42,345,894.95 in the same period last year, mainly due to increased prepayments for goods[16]. - Operating cash inflow for the current period was CNY 180,075,753.07, compared to CNY 17,518,950.47 in the previous period, indicating a significant increase[50]. - Total cash outflow from operating activities reached CNY 245,524,936.16, up from CNY 59,864,845.42 in the previous period, resulting in a net cash flow from operating activities of -CNY 65,449,183.09[50]. - The parent company reported a net cash flow from operating activities of -CNY 165,309,962.83, worsening from -CNY 24,061,732.55 in the previous period[52]. Investments and Acquisitions - The company completed the transfer of 100% equity in Beijing Zhonghao Tai Rui Investment Co., Ltd. for a total consideration of ¥215 million, with the first payment of ¥215 million received[17]. - The acquisition of 80% equity in Jiangsu Zhongda Gan Tower Co., Ltd. was approved at a price of ¥1 billion, with an initial payment of ¥140 million made[18]. - Cash inflow from investment activities was CNY 219,364,605.21, compared to CNY 210,547,739.45 in the previous period, while cash outflow was CNY 956,671.83, leading to a net cash flow from investment activities of CNY 218,407,933.38[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,869[12]. - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 22.82% of the shares, amounting to 109,708,888 shares[12]. Other Financial Metrics - Non-recurring gains and losses included a loss of ¥8,375,566.56 from the disposal of non-current assets and a gain of ¥50,310,868.11 from fair value changes of trading financial assets[9][10]. - The company's financial expenses decreased by 64.41% to ¥6,735,564.24 from ¥18,926,806.01, primarily due to reduced foreign exchange losses[16]. - The fair value change income for Q1 2021 was ¥49,599,558.69, a significant improvement from a loss of -¥80,695,807.88 in Q1 2020, reflecting increased fair value changes in securities[16]. - The company incurred tax expenses of CNY 11,565,449.29, which was a reduction from the negative tax impact of CNY 20,173,951.97 in the previous year[42]. - Other income for the quarter was CNY 96,866.79, up from CNY 45,625.62 in the previous year, indicating growth in ancillary revenue streams[42].

Financial Performance - The company's operating revenue for 2020 was CNY 551,674,613.47, representing an increase of 28.18% compared to CNY 430,394,496.63 in 2019[16] - The net profit attributable to shareholders in 2020 was CNY 88,714,818.44, a significant increase of 191.67% from CNY 30,416,046.77 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,913,210.76, recovering from a loss of CNY 15,721,120.34 in 2019, marking an increase of 188.50%[16] - The basic earnings per share for 2020 was CNY 0.1846, up 191.63% from CNY 0.0633 in 2019[16] - The company's net profit for 2020 was 240,039,176.44 yuan, with retained earnings carried forward from previous years amounting to 695,003,508.60 yuan[97] - The company’s net profit attributable to the parent company was CNY 8,871.48 million, reflecting a substantial growth of 191.67% year-on-year[36] Assets and Liabilities - The total assets at the end of 2020 were CNY 2,679,380,639.68, a decrease of 4.89% from CNY 2,817,079,342.59 at the end of 2019[17] - As of the end of 2020, cash and cash equivalents decreased by 2.88% to CNY 57,128,129.25, compared to CNY 141,001,871.86 at the beginning of the year[60] - Accounts receivable increased by 0.43% to CNY 25,353,271.11, up from CNY 14,694,890.05 at the beginning of the year[60] - Inventory increased by 0.31% to CNY 701,505,350.20, compared to CNY 728,845,005.14 at the beginning of the year[61] - Long-term equity investments rose significantly by 3.97% to CNY 556,137,037.10, attributed to investment income recognized under the equity method[61] - The total assets of Xinjiang International Industrial Co., Ltd. amounted to 100% of the consolidated financial statements[199] Cash Flow - The net cash flow from operating activities for 2020 was CNY -46,591,951.63, an improvement of 50.65% compared to CNY -94,405,066.32 in 2019[16] - Investment activity generated a net cash inflow of 117,145,410.00 yuan in 2020, a significant turnaround from a net outflow of 106,289,814.84 yuan in 2019, reflecting a 210.21% increase[55] Revenue Segments - The oil sales segment generated revenue of CNY 42,251 million, up 17.42% year-on-year, accounting for 76.59% of total revenue[39] - The real estate development segment reported revenue of CNY 5,970.67 million, a significant increase of 117.17% year-on-year[34] - The storage service segment experienced a revenue decline of 9.39% year-on-year, generating CNY 18,521 million[39] - The core business of oil products saw revenue growth despite challenges posed by the pandemic, with effective asset optimization supporting main business development[27] Investments and Projects - The company invested in a biodiesel project with an annual production capacity of 30,000 tons, focusing on refining acid oil during the reporting period[25] - The company plans to conduct technical modifications to the biodiesel project to address issues with the production process[35] - The company completed a significant equity investment of CNY 24,000,000.00 in a private equity fund, acquiring a 5.90% stake[68] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, based on a total of 480,685,993 shares[4] - The total distributable profit for 2020 was 901,425,047.54 yuan, with the cash dividend constituting 100% of the profit distribution[97] - The company declared a cash dividend of 0.20 yuan per 10 shares for the year 2020, totaling 9,613,719.86 yuan, which represents 10.84% of the net profit attributable to shareholders[96] Shareholder Structure - The company’s total share capital as of the end of 2020 was 480,685,993 shares[98] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 23.67% of the shares, totaling 113,781,316 shares, with a decrease of 4,796,160 shares during the reporting period[152] - The actual controller of the company is Zhang Yanfu, a natural person from China, who has not changed during the reporting period[155] Governance and Compliance - The company has engaged Zhongzheng Huacai Accounting Firm for internal control audit services, with a fee of 300,000 yuan[111] - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[108] - The company has established a complete independent financial management system, ensuring independent accounting and tax compliance[186] Social Responsibility and Environmental Compliance - The company donated CNY 50,000 for the construction of a basketball court in impoverished areas in 2020[134] - The company actively participated in social welfare activities, donating nearly CNY 300,000 in pandemic prevention materials and cash to medical institutions[133] - The company has established a pollution prevention monitoring management system in compliance with environmental laws and regulations[137] Employee Structure and Compensation - The total number of employees in the company is 258, with 34 in the parent company and 224 in major subsidiaries[174] - The company has a total compensation of 1,230.6 million yuan for directors, supervisors, and senior management during the reporting period[174] - The remuneration for the chairman and general manager is 3.39 million yuan, while the financial director receives 1.48 million yuan[172] Risk Management - The company has implemented a risk management culture, enhancing the effectiveness of its internal control system[183] - The company anticipates challenges in oil price fluctuations due to ongoing international trade tensions and the impact of the COVID-19 pandemic on the macroeconomic environment[86]

Financial Performance - Operating revenue for the reporting period was CNY 201,887,007.14, representing a year-on-year increase of 24.17%[7] - Net profit attributable to shareholders was a loss of CNY 3,002,840.06, a decrease of 86.81% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,609,133.71, an increase of 143.22% year-on-year[7] - Basic earnings per share were -CNY 0.0063, a decrease of 86.71% year-on-year[7] - The weighted average return on net assets was -0.12%, an increase of 0.93 percentage points compared to the previous year[7] - The company reported a net profit for Q3 2020 of CNY 61,563,720.98, a significant recovery from a net loss of CNY 14,436,692.29 in the same period last year, marking a turnaround of over 526%[49] - The total comprehensive income for the period was CNY 30,939,454.81, compared to CNY 2,792,553.42 in the previous year, showing a substantial increase[50] - The company recorded a profit before tax of CNY 69,394,829.25, a significant improvement from a loss of CNY 17,322,764.53 in the same quarter last year[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,767,030,442.10, a decrease of 1.78% compared to the end of the previous year[7] - Cash and cash equivalents decreased by 51.70% to ¥68,103,807.69 due to loan repayments and increased advance payments[15] - Accounts receivable increased by 55.30% to ¥22,821,633.44 primarily due to an increase in credit sales[15] - Prepayments rose by 136.00% to ¥74,739,900.39, mainly due to goods purchased but not yet delivered at the end of the quarter[15] - The company's total liabilities decreased to CNY 1,335,032,407.77 from CNY 1,388,711,681.75, reflecting a decline of approximately 3.9%[31] - The total current liabilities decreased to CNY 218,000,000.00 from CNY 314,000,000.00, a decline of approximately 30.6%[32] - The company's inventory slightly decreased to CNY 715,591,632.57 from CNY 728,845,005.14, a reduction of about 1.8%[31] Cash Flow - The net cash flow from operating activities was CNY 3,851,116.00, an increase of 114.76% compared to the same period last year[7] - The net cash flow from operating activities was -41,610,158.21 CNY, an improvement from -156,945,188.19 CNY in the previous period, indicating a significant reduction in cash outflow[57] - Total cash inflow from investment activities reached 453,081,571.98 CNY, compared to 22,942,763.16 CNY in the previous period, showing a substantial increase in investment recovery[58] - The net cash flow from financing activities was -145,604,565.51 CNY, a decline from a positive net cash flow of 141,962,814.51 CNY in the previous period, reflecting increased debt repayments[58] - The total cash and cash equivalents at the end of the period were 67,360,319.74 CNY, down from 123,485,926.40 CNY in the previous period, indicating a decrease in liquidity[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,988[11] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 23.67% of the shares, amounting to 113,781,316 shares[11] Investment and Expenses - Investment income surged by 279.06% to ¥154,008,014.58, driven by increased gains from securities sales and equity method investments[16] - Development expenses increased by 35.40% to ¥17,490,739.01, primarily due to higher spending on online video education research and development[15] - The company’s financial expenses rose by 77.73% to ¥27,678,985.89, attributed to exchange losses and higher interest rates on certain borrowings[15] - The company reported a significant decrease in financial expenses, totaling CNY 27,678,985.89, compared to CNY 15,573,388.24 in the previous year, which is an increase of approximately 77%[49] Operational Efficiency - The company’s management indicated a focus on improving operational efficiency and reducing costs in future quarters[48]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 169,472,601.32, representing a 2.92% increase compared to CNY 164,670,942.72 in the same period last year[19]. - The net profit attributable to shareholders was CNY 67,418,262.77, a significant increase of 486.78% from CNY 11,489,455.15 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 12,417,182.90, up 787.39% from a loss of CNY 1,806,430.40 in the same period last year[19]. - The basic earnings per share increased to CNY 0.1403, a rise of 487.03% compared to CNY 0.0239 in the previous year[19]. - Total revenue for the reporting period reached 170.04 million yuan, an increase of 2.92% year-on-year[40]. - Net profit attributable to the parent company was 67.42 million yuan, a significant increase of 486.78% year-on-year, largely due to gains from asset disposals and investment income[40]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,827,294,512.06, reflecting a 0.36% increase from CNY 2,817,079,342.59 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 2.17% to CNY 2,245,035,389.01 from CNY 2,197,281,687.07 at the end of the previous year[19]. - The company's total liabilities decreased from CNY 632,766,377.86 to CNY 597,026,904.97, reflecting a reduction of approximately 5.67%[135]. - The company's total liabilities decreased to CNY 228,774,148.84 from CNY 315,826,807.21, reflecting a reduction of approximately 27.5%[140]. Cash Flow - The net cash flow from operating activities improved to -CNY 45,461,274.21, a 65.26% improvement from -CNY 130,856,303.38 in the same period last year[19]. - Investment activities generated a net cash flow of 63.00 million yuan, an increase of 833.00% year-on-year, mainly from asset disposals[42]. - The cash flow from operating activities showed a net outflow of CNY 45,461,274.21, an improvement from a net outflow of CNY 130,856,303.38 in the first half of 2019[151]. - The cash flow from investing activities generated a net inflow of CNY 63,001,170.48, compared to CNY 6,752,508.99 in the same period of 2019[152]. Investment Activities - The company reported non-recurring gains of CNY 55,001,079.87, primarily from asset disposals and investment income[24]. - The company invested in a 400,000-ton refinery in Kyrgyzstan, which has been unable to resume operations due to pandemic-related restrictions[28]. - The company has a bio-diesel project with an annual production capacity of 30,000 tons, which has commenced partial production during the reporting period[28]. - The company’s investment in Tencent (stock code 00700) was valued at 215.5 million, with a fair value change of 76.23 million[60]. Real Estate Sector - The real estate business accounted for 8.44% of the company's operating revenue, not reaching the 30% threshold for significant impact disclosure[26]. - The company's real estate business reported revenue of 14.31 million yuan, a decrease of 35.69% compared to the same period last year[39]. - The gross margin for the real estate development segment increased by 1.94 percentage points to 55.95% despite a revenue decline[45]. - The real estate projects developed by the company are positioned as high-end products, with the "Green City·Nanshan Sunshine" project being a notable high-quality residential project in Xinjiang[29]. Financial Management - The company has implemented measures to control financial risks and accelerate capital turnover in response to the challenging economic environment[38]. - The company has focused on budget management and internal control to mitigate the impact of the pandemic, resulting in a decrease in expenses[40]. - The company reported a significant increase in financial expenses by 107.80% due to higher interest expenses and foreign exchange losses[42]. Market Conditions - The company is facing market risks due to international trade tensions and fluctuating crude oil prices, which may impact its oil business[69]. - The report period was impacted by the pandemic, resulting in no foreign revenue as personnel could not return to work at the refinery in Kyrgyzstan[47]. Shareholder Information - The total number of ordinary shareholders as of the report date was 64,336[114]. - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., holds 23.67% of shares, with a decrease of 4.80 million shares during the reporting period[114]. - The company has a total share count of 480,685,993, with no changes in the number of shares during the reporting period[112]. Corporate Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[78]. - The company has not engaged in any significant related party transactions during the reporting period[83]. - The company has not implemented any employee incentive plans during the reporting period[82]. Environmental and Social Responsibility - The company actively participated in social responsibility initiatives, including donations totaling nearly CNY 300,000 for pandemic prevention efforts[103]. - The wastewater treatment facility at the subsidiary, Haorui New Energy, has a daily processing capacity of 180 cubic meters and has passed environmental acceptance[100].

Financial Performance - The company's operating revenue for Q1 2020 was ¥16,225,456.06, a decrease of 73.49% compared to ¥61,212,080.79 in the same period last year[8] - The net profit attributable to shareholders was -¥27,678,483.87, representing a decline of 216.55% from ¥23,747,774.58 in the previous year[8] - Basic and diluted earnings per share were both -¥0.0576, a decrease of 216.60% from ¥0.0494 in the previous year[8] - The net profit attributable to shareholders for Q1 2020 was a loss of CNY 27,678,483.87, a decline of 216.55% from a profit of CNY 23,747,774.58 in Q1 2019, influenced by decreased investment income and increased exchange losses[16] - The net profit for Q1 2020 was a loss of CNY 28,602,927.68, compared to a profit of CNY 21,916,055.98 in the same period last year, indicating a significant decline[41] - The total comprehensive income for Q1 2020 was -CNY 30,699,267.34, compared to CNY 20,271,050.35 in the previous year, indicating a significant downturn[42] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥42,345,894.95, a 68.13% increase compared to -¥132,857,542.50 in the same period last year[8] - The company's cash and cash equivalents decreased by 50.39% to CNY 69,950,497.69 as of March 31, 2020, from CNY 141,001,871.86 at the end of 2019, mainly due to loan repayments and prepayment of goods[16] - Cash inflows from operating activities totaled CNY 17,518,950.47, a decrease from CNY 83,333,117.69 in the previous year, reflecting a decline of approximately 78.9%[48] - The company reported a net cash flow from financing activities of -37,554,574.44 CNY, compared to a positive cash flow of 14,644,388.61 CNY in the same quarter last year[50] - The total cash outflow from operating activities was 59,864,845.42 CNY, compared to 216,190,660.19 CNY in the previous year, showing a significant reduction[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,725,579,614.74, down 3.25% from ¥2,817,079,342.59 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.35% to ¥2,167,703,691.30 from ¥2,197,281,687.07 at the end of the previous year[8] - The total assets as of March 31, 2020, were CNY 1,299,807,215.47, down from CNY 1,388,711,681.75 as of December 31, 2019[30] - Total liabilities decreased from CNY 632,766,377.86 to CNY 571,769,089.60, a decline of about 9.63%[32] - Total equity attributable to shareholders reached CNY 2,197,281,687.07, while total equity including minority interests was CNY 2,184,312,964.73[57] Investment and Expenses - Investment income for Q1 2020 increased significantly to CNY 63,684,998.74, up 769.01% from CNY 7,328,452.49 in Q1 2019, mainly due to gains from the sale of securities[16] - The company incurred financial expenses of CNY 18,926,806.01, up from CNY 7,594,202.81 in the previous year, representing an increase of approximately 149.5%[40] - Total operating costs for Q1 2020 were CNY 48,112,924.59, a decrease from CNY 70,628,613.25 in the previous year, representing a reduction of approximately 31.9%[40] - Research and development expenses for Q1 2020 were CNY 1,606,193.82, a notable increase from CNY 58,333.32 in the previous year, indicating a focus on innovation[40] Shareholder Information - The total number of common shareholders at the end of the reporting period was 70,281[12] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 24.00% of the shares, amounting to 115,388,216 shares, with 24,000,000 shares pledged[12] Operational Challenges - The company is currently facing operational challenges at its Tokmak Oil Refinery in Kyrgyzstan due to local pandemic restrictions, affecting raw material procurement and production[17] - There were no significant changes in the company's strategy or new product developments reported during the quarter[15] Audit and Compliance - The company has not undergone an audit for the first quarter report, indicating that the figures presented are unaudited[62] - The company executed new revenue and lease standards starting in 2020, with no impact on the opening balances of affected accounts[61]

Financial Performance - The company's operating revenue for 2019 was ¥430,394,496.63, a decrease of 21.83% compared to ¥550,605,308.53 in 2018[16] - The net profit attributable to shareholders for 2019 was ¥30,416,046.77, down 49.24% from ¥59,920,131.11 in 2018[16] - The net cash flow from operating activities was negative at ¥94,405,066.32, a significant decline of 932.34% compared to ¥-9,144,731.58 in 2018[16] - Basic earnings per share decreased to ¥0.0633, down 49.16% from ¥0.1245 in 2018[16] - Total operating revenue for the reporting period was 430.39 million yuan, down 21.83% year-on-year[39] - The net profit attributable to the parent company was 30.42 million yuan, a decrease of 49.24% compared to the previous year[39] Assets and Liabilities - Total assets at the end of 2019 were ¥2,817,079,342.59, an increase of 2.81% from ¥2,740,064,973.53 at the end of 2018[17] - The net assets attributable to shareholders increased by 2.20% to ¥2,197,281,687.07 from ¥2,150,064,686.18 in 2018[17] - Total non-operating income and expenses amounted to 46.1372 million yuan, with a significant tax impact of 9.6086 million yuan[23] - The total cash and cash equivalents decreased by ¥91,824,542.30, a decline of 78.76% compared to the previous year[57] - Total assets decreased from ¥2,743,000,000.00 at the beginning of the year to ¥2,800,000,000.00 at year-end, with significant changes in cash and receivables[63] Revenue Sources - Revenue from the oil products sector increased by 20.19% compared to the previous year, although the gross profit margin decreased due to higher safety production costs[28] - The oil industry achieved sales revenue of 359.83 million yuan, a year-on-year increase of 20.19%[36] - The real estate business accounted for 6.4% of total revenue, not meeting the 30% threshold for significant impact on overall performance[26] - The real estate sector reported revenue of 27.49 million yuan, a decrease of 46.33% compared to the previous year[37] Investments and Projects - The company invested 212.1412 million yuan in a refinery project in Kyrgyzstan, which is expected to enhance its competitive position in the region[31] - The company has initiated a biodiesel project with an annual production capacity of 30,000 tons, diversifying its product offerings[27] - The company plans to further upgrade production lines to increase the output of high-demand fatty acids[38] - The company’s total investment in overseas projects reached 26.44 million USD, aimed at expanding its international investment portfolio[150] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.2 per 10 shares, based on a total of 480,685,993 shares[4] - The cash dividend distribution plan for 2019 was approved by the board and aligns with the company's commitment to shareholder returns[93] - The company has a profit distribution policy that emphasizes cash dividends, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[92] Operational Challenges - The company faced operational risks in its biodiesel project due to rising raw material costs and increased fuel costs from coal-to-gas conversions[88] - The Tokmak refinery project was adversely affected by COVID-19, impacting raw material procurement and production operations[88] - The company has implemented strict control over credit sales to mitigate operational risks, impacting overall business volume[36] Corporate Governance and Management - The company has established a comprehensive internal control system, conducting regular risk assessments and self-evaluations[195] - The company’s governance structure complies with the requirements set by the China Securities Regulatory Commission[189] - The company has a diverse board of directors with backgrounds in various sectors, including finance, engineering, and management[174] - The company emphasizes the importance of corporate governance and has established a robust supervisory framework[177] Social Responsibility and Environmental Compliance - The company donated 1.05 million yuan to social welfare activities, demonstrating its commitment to social responsibility[131] - The company has established a monitoring management system for pollution prevention, ensuring compliance with environmental regulations[135] - The company has invested over 3 million yuan in safety upgrades for its oil storage facilities to ensure compliance with safety standards[138] Future Outlook and Strategy - The company plans to focus on oil wholesale, storage, and railway transportation, while also expanding its real estate business through diversified marketing strategies[84] - The company anticipates that the demand for housing will gradually increase due to improved economic conditions and population growth in Xinjiang[84] - The company intends to enhance its asset management and may consider divesting underperforming assets to maximize returns[85] Shareholder Structure - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., holds 24.67% of the shares, totaling 11,857,829 shares, with a decrease of 2,402,680 shares during the reporting period[161] - The top ten unrestricted shareholders collectively hold 136,000,000 shares, indicating a concentrated ownership structure[162] - The actual controller of the company is Zhang Yanfu, who is also the executive director of Qiantai Zhongsheng Equity Investment Co., Ltd.[164] Employee Welfare and Training - The company emphasizes employee welfare by providing various social insurances and establishing communication channels for feedback[131] - The company has established a comprehensive training system, focusing on internal control, safety production, professional knowledge, and management skills[186] - The total remuneration for directors and senior management during the reporting period amounted to 7.83 million CNY[182]

Financial Performance - Net profit attributable to shareholders was a loss of ¥22,762,107.98, a decrease of 134.49% year-on-year[7]. - Operating revenue for the period was ¥162,588,203.54, reflecting a slight increase of 1.00% compared to the same period last year, but a significant decline of 31.93% year-to-date[7]. - The net cash flow from operating activities showed a negative value of ¥156,945,188.19, representing a decrease of 292.34% year-on-year[7]. - Basic earnings per share were reported at -¥0.0474, down 134.55% from the previous year[7]. - The weighted average return on net assets was -1.05%, a decrease of 4.23 percentage points compared to the same period last year[7]. - Total operating revenue for the period was CNY 327,921,023.47, a decrease of 31.9% compared to CNY 481,331,483.61 in the previous period[45]. - Net profit for the period was CNY -14,436,692.29, compared to a profit of CNY 23,061,188.81 in the same period last year, indicating a significant decline[47]. - The company reported a comprehensive income total of CNY 2,792,553.42, down from CNY 32,236,686.12 in the previous year[47]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,812,011,282.41, an increase of 2.63% compared to the end of the previous year[7]. - Total current assets decreased to ¥1,453,259,438.02 from ¥1,487,907,289.24, a decline of approximately 2.9%[30]. - Total liabilities increased to ¥682,044,903.40 from ¥598,613,870.63, a rise of approximately 13.9%[31]. - Total equity attributable to shareholders decreased to ¥2,141,644,001.75 from ¥2,150,064,686.18, a decline of about 0.4%[32]. - The company reported a total liability of CNY 598,613,870.63, with current liabilities at CNY 550,476,728.76 and non-current liabilities at CNY 48,137,141.87[63]. - Owner's equity totaled CNY 2,141,451,102.90, with CNY 1,181,984,051.13 in undistributed profits[64]. Cash Flow - Cash and cash equivalents decreased by 45.89% to ¥126,740,689.84 due to increased investments and tax payments[15]. - The net cash flow from financing activities improved to ¥141,962,814.51, a 174.83% increase due to increased financing from Xinjiang Asset Management[16]. - Cash inflows from operating activities totaled 394,513,994.11 CNY, down from 434,754,850.03 CNY year-over-year, showing a decrease of approximately 9.2%[54]. - Cash outflows from operating activities increased to 551,459,182.30 CNY from 474,757,578.30 CNY, resulting in a net cash flow from operating activities of -156,945,188.19 CNY, compared to -40,002,728.27 CNY last year[54]. - The company recorded a net cash flow from investment activities of -92,528,489.20 CNY, a decline from a positive cash flow of 72,496,510.62 CNY in the previous year, indicating a significant shift in investment performance[54]. Shareholder Information - The total number of shareholders at the end of the reporting period was 84,886[11]. - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 27.67% of the shares, amounting to 132,998,516 shares, with 84,200,000 shares pledged[11]. Investments - Long-term equity investments increased by 31.17% to ¥460,139,311.83 primarily due to increased investment in Wanjia Fund[15]. - The company decided to increase its investment in Wanjia Fund by ¥80 million, raising its stake to 40% after the capital increase[17]. - The company has a long-term investment of CNY 350,799,761.09, showcasing commitment to strategic growth[62]. Operational Highlights - Operating costs decreased by 23.23% to ¥295,271,511.72, corresponding to the reduction in sales revenue[15]. - The company experienced a foreign exchange gain of CNY 10,085,792.64, compared to CNY 8,081,564.88 in the previous year, suggesting favorable currency movements[41]. - The company incurred a credit impairment loss of CNY -4,115,894.86, which was not present in the previous period[45]. Other Information - There were no significant new strategies or product developments mentioned in the report[14]. - The company reported a significant adjustment of CNY 342,690,169.32 in financial assets due to the new financial instrument standards[68]. - The company has not undergone an audit for the third quarter report[70].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥164,670,942.72, a decrease of 48.50% compared to ¥319,762,550.08 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥11,489,455.15, representing a significant increase of 129.34% from a loss of ¥39,154,712.01 in the previous year[18]. - The net cash flow from operating activities was -¥130,856,303.38, a decline of 4,392.84% compared to -¥2,912,554.33 in the same period last year[18]. - Basic earnings per share improved to ¥0.0239 from -¥0.0814, marking a 129.36% increase[18]. - The company achieved total revenue of 165.08 million yuan in the first half of 2019, a decrease of 48.44% compared to the same period last year[38]. - The oil products segment generated revenue of 119.10 million yuan, down 26.19% year-on-year, failing to meet the initial annual plan[36]. - The real estate segment reported revenue of 22.25 million yuan, a significant decline of 54.75% compared to the previous year[37]. - The company reported a total of RMB 142,087,668.75 in operating revenue from various sectors, with a 10.19% decrease year-on-year[43]. - Domestic operating revenue was RMB 135,683,374.54, down 52.84% compared to the previous year, primarily due to reduced oil and real estate business[44]. - The company reported a total comprehensive income of negative CNY 57,661,872.82 for the first half of 2019, compared to negative CNY 24,178,195.01 in the first half of 2018[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,662,592,644.40, down 2.83% from ¥2,740,064,973.53 at the end of the previous year[18]. - The company's total assets as of June 30, 2019, amounted to CNY 2,662,592,644.40, a decrease from CNY 2,740,064,973.53 at the end of 2018[127]. - The total liabilities decreased to CNY 520,076,003.72 from CNY 598,613,870.63, representing a reduction of approximately 13.09%[127]. - The company's equity attributable to shareholders increased slightly to CNY 2,153,546,516.55 from CNY 2,150,064,686.18[127]. - The total liabilities at the end of the current period were 1,179.85 million yuan, indicating a decrease of 9.32% compared to the previous period[151]. Investments and Cash Flow - The company reported non-recurring gains and losses totaling ¥13,295,885.55 during the reporting period[23]. - The company has increased its equity investments by 22.03 million yuan, attributed to the rise in long-term equity investment income and other comprehensive income[31]. - The net cash flow from investing activities was RMB 6,752,508.99, a decrease of 53.20% compared to the previous year[41]. - The company reported a remaining debt of 4,963,150 CNY as of June 30, 2019, indicating a significant reduction in debt obligations during the reporting period[79]. - The company paid CNY 336,875,874.71 in debt repayments during the first half of 2019, compared to CNY 434,466,788.80 in the same period of 2018[144]. Operational Strategy and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to develop new products that align with market demands, focusing on smart and green health concepts in the real estate sector[28]. - The company is investing in a 30,000-ton biodiesel project, which is expected to commence trial production in July 2019 after completing necessary inspections and improvements[38]. - The company anticipates significant pressure on refined oil wholesale sales due to increased competition in the downstream market and rising upstream oil and gas supply[63]. - The company plans to implement energy-saving and cost-reduction measures to control manufacturing costs amid rising fuel prices and raw material price fluctuations for biodiesel production[64]. Legal and Compliance Matters - The company has faced a lawsuit regarding a construction payment dispute with a claim amount of 24.7 million yuan, and has filed a counterclaim for 10.7 million yuan in damages[72]. - The company has no major litigation or arbitration matters during the reporting period[72]. - The company has not experienced any penalties or rectification issues during the reporting period[73]. - The company has not engaged in any related party transactions concerning daily operations during the reporting period[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,991, with the largest shareholder holding 28.67% of the shares[109]. - The company repurchased 453,301 shares at a price range of 3.83 to 4.31 yuan per share, totaling 1,857,440.59 yuan, reducing total shares from 481,139,294 to 480,685,993[106]. - The company has made technological innovations in sterol extraction, achieving new breakthroughs during the reporting period[100]. Environmental and Social Responsibility - The company has committed to poverty alleviation efforts in Tashkurgan County, focusing on supporting local families and economic development[96]. - The company has invested CNY 1.91 million in the healthcare sector through a partnership established in 2018, with a total target investment of CNY 1 billion[98]. - Haorui New Energy's biodiesel project is set to begin trial production in July 2019, with no pollution emissions reported during the reporting period[93]. Accounting and Financial Reporting - The financial report for the first half of 2019 was not audited[122]. - The company adheres to the accounting standards set by the Ministry of Finance of the People's Republic of China[169]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately[169]. - The company uses RMB as its accounting currency[172].

Financial Performance - The company's operating revenue for Q1 2019 was ¥61,212,080.79, a decrease of 68.16% compared to ¥192,233,189.60 in the same period last year[9] - Net profit attributable to shareholders was ¥23,747,774.58, representing a significant increase of 262.92% from a loss of ¥14,576,148.83 in the previous year[9] - Basic earnings per share rose to ¥0.0494, compared to a loss of ¥0.0303 per share in the same period last year, marking an increase of 263.04%[9] - The net cash flow from operating activities was negative at ¥132,857,542.50, a decline of 629.40% from negative ¥18,214,694.46 in the previous year[9] - The company reported a total owner's equity of CNY 2,161,796,352.99, up from CNY 2,141,451,102.90, an increase of about 0.94%[36] - The total comprehensive income for Q1 2019 was CNY 20,271,050.35, compared to a loss of CNY -22,623,129.19 in Q1 2018[45] Cash Flow and Liquidity - As of March 31, 2019, the company's cash and cash equivalents decreased by 51.48% to ¥113.63 million from ¥234.22 million as of December 31, 2018, primarily due to payments for goods and taxes[18] - The company reported cash inflows from operating activities totaling CNY 83,333,117.69, a decrease of approximately 50.0% from CNY 166,120,694.59 in the previous year[52] - Cash outflows from operating activities amounted to CNY 216,190,660.19, an increase of about 17.3% compared to CNY 184,335,389.05 in the previous year[52] - The company raised CNY 40,000,000.00 through borrowings during the quarter, which was a new financing strategy to improve liquidity[53] - The net cash flow from financing activities was -16,077,139.73 CNY for Q1 2019, compared to -132,161,763.84 CNY for the same period in 2018, indicating a significant reduction in cash outflow[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,722,807,772.17, a slight decrease of 0.63% from ¥2,740,064,973.53 at the end of the previous year[9] - Total current assets decreased to CNY 1,473,136,328.14 from CNY 1,487,907,289.24, a decline of approximately 1.98%[34] - Total liabilities decreased to CNY 561,011,419.18 from CNY 598,613,870.63, a reduction of approximately 6.3%[35] - The total liabilities were reported at 598,613,870.63 CNY, with current liabilities comprising 550,476,728.76 CNY and non-current liabilities at 48,137,141.87 CNY[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,078[13] - The largest shareholder, Qiantai Zhongsheng Equity Investment Co., Ltd., held 29.67% of the shares, amounting to 142,605,016 shares, with 79,419,999 shares pledged[13] Investment and Fair Value - The fair value change income increased by 318.38% to ¥36.03 million in Q1 2019, compared to a loss of ¥16.50 million in Q1 2018, driven by improved securities investment performance[18] - The company recorded a significant increase in fair value gains of CNY 36,027,720.70, compared to a loss of CNY -16,497,549.50 in the previous year[44] Other Financial Activities - The company terminated its major asset restructuring plan on April 4, 2019, due to disagreements on the valuation and shareholding ratio with the involved parties[20] - The company repurchased a total of 453,301 shares at a price range of ¥3.83 to ¥4.31 per share, totaling ¥1.86 million, and completed the cancellation of these shares by March 1, 2019[21] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[28] - The company does not have any derivative investments during the reporting period[24] Financial Reporting and Adjustments - The first quarter report for 2019 was not audited, indicating a lack of external verification for the financial data presented[66] - The company executed new financial instrument standards starting January 1, 2019, impacting the financial statements[64] - The company’s financial adjustments included a reclassification of certain financial assets, impacting the overall asset structure[64]