新大洲控股股份有限公司独立董事 关于第十届董事会 2023 年第三次临时会议审议事项的独立 意见 我们作为新大洲控股股份有限公司（以下简称"公司"或"本公司"）的独 立董事，就公司第十届董事会 2023 年第三次临时会议审议事项，根据《上市公 司独立董事管理办法》《上市公司治理准则》和《公司章程》等有关规定，本着 对公司、全体股东及投资者负责的态度，按照实事求是的原则对公司报告期内 相关事项发表独立意见如下： 一、《关于<新大洲控股股份有限公司<2023 年限制性股票激励计划（草 案）>及其摘要的议案》的独立意见： 对于拟实施的《新大洲控股股份有限公司 2023 年限制性股票激励计划（草 案）》及其摘要（以下合称"《限制性股票激励计划》"），作为公司独立董事，我 们阅读了公司提供的相关资料，基于独立判断的立场，现就公司《限制性股票 激励计划》发表如下独立意见： （一）未发现公司存在《上市公司股权激励管理办法》（以下简称"《管理 办法》"）等法律、法规和规范性文件规定的禁止实施股权激励计划的情形，公 司具备实施股权激励计划的主体资格。 （二）公司本次限制性股票激励计划所确定的首次授予激励对象具备《中 华人民共和 ...

新大洲控股股份有限公司（以下简称"公司"或"本公司"）第十届监事会 2023年第一次临时会议通知于2023年8月4日以电子邮件方式发出，会议于2023 年 8 月 8 日以现场和通讯相结合的方式召开。本次会议应出席监事 3 人，实际出 席会议监事 3 人。会议由监事会主席蔡军先生主持。本次会议的召开符合有关法 律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、监事会会议审议情况 （一）会议以3票同意，0票反对，0票弃权，通过了《关于<公司2023年限制 性股票激励计划（草案）>及其摘要》的议案 证券代码：000571 证券简称：新大洲 A 公告编号：临 2023-048 新大洲控股股份有限公司 第十届监事会 2023 年第一次临时会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、监事会会议召开情况 （1）公司2023年限制性股票激励计划首次授予激励对象均为公司正式在职 员工，其中无独立董事、监事及单独或合计持有公司5%以上股份的股东或实际 控制人及其配偶、父母、子女。 （2）列入公司本次限制性股票激励计划首次授予的激励对象名单的人员具 ...

关于参加"2022 年度海南辖区上市公司业绩说明会" 的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机制，让投资者 更准确地读懂年度报告、更全面地了解上市公司，切实提高上市公司透明度和治 理水平，海南证监局将与深圳市全景网络有限公司、海南上市公司协会联合举办 "海南辖区投资者网上集体接待日暨上市公司业绩说明会"活动，活动时间为 2023 年 5 月 26 日 14:30-17:00，平台登陆地址为：http://rs.p5w.net。 证券代码：000571 证券简称：ST 大洲 公告编号：临 2023-029 新大洲控股股份有限公司 特此公告。 新大洲控股股份有限公司董事会 2023 年 5 月 17 日 届时，公司主要高管人员将参加本次活动，通过网络在线交流形式，就公司 2022 年年报披露、财务数据、公司治理、内部控制、发展战略、经营状况、现 金分红、重大事项、可持续发展等投资者所关心的问题，与投资者进行"一对多" 形式的沟通与交流。欢迎广大投资者踊跃参与。 ...

Business Focus and Operations - The company reported a significant focus on the coal industry, which remains the primary source of revenue, despite previous expansions into the beef food industry[19]. - The company has undergone several changes in its main business focus, transitioning from motorcycle manufacturing to coal production and later to food processing[19]. - The coal production capacity of the company's subsidiary, Wujing Group, is 3 million tons per year, with each of its two main mines having a capacity of 1.5 million tons[41]. - Wujing Group's coal products are primarily long flame coal, used for power generation, heating, and as chemical raw materials[41]. - The company is focusing on cost reduction and efficiency improvements in its beef business to counteract financial challenges and supply shortages[37]. - The company aims to enhance its beef supply chain by improving storage quality and ensuring transparency in product flow to maintain food safety[37]. - The company is exploring new retail channels and marketing strategies, including live streaming and point-based sales platforms, to enhance product promotion[63]. Financial Performance - The company's operating revenue for 2022 was ¥1,316,816,250.62, representing a 10.89% increase compared to ¥1,187,477,405.42 in 2021[21]. - The net loss attributable to shareholders decreased by 74.45% to ¥37,679,046.11 in 2022 from ¥147,479,252.42 in 2021[21]. - The net cash flow from operating activities increased by 25.50% to ¥434,141,761.86 in 2022, up from ¥345,933,704.44 in 2021[21]. - The basic earnings per share improved to -¥0.0463 in 2022 from -¥0.1812 in 2021, reflecting a 74.45% reduction in losses[21]. - The company's net assets attributable to shareholders decreased by 8.85% to ¥369,684,692.82 at the end of 2022 from ¥405,558,021.66 at the end of 2021[21]. - The company reported a total of ¥95,873,933.80 in non-main business revenue for 2022, compared to ¥81,007,562.91 in 2021[21]. - The coal business produced 2.73 million tons of raw coal and sold 2.60 million tons, with sales revenue reaching CNY 1,174.76 million, an increase of 18.76% year-on-year[59]. - The food processing and sales segment reported revenue of CNY 131.93 million, a decrease of 29.77% from CNY 187.86 million in 2021, contributing to a net loss of CNY 106.45 million[65][66]. Shareholder and Governance - No cash dividends, bonus shares, or capital reserve transfers will be distributed to shareholders for the year[4]. - The company’s main shareholder has changed multiple times, with the current control held by Wang Wenfeng since September 2020[19]. - The company has established a governance structure that includes a board of directors and a supervisory board to ensure accountability and transparency[129]. - The board of directors approved a new compensation structure for executives, aligning performance metrics with company growth targets[148]. - The company is committed to enhancing safety and environmental management practices to mitigate risks associated with the coal industry[121]. Risks and Challenges - The company continues to face uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the last three years[21]. - The company is facing financial risks, including overdue debts and tax payments, leading to the freezing of some bank accounts and assets[122]. - The beef business is under significant financial pressure due to limited financing channels and high operational costs[112]. - The company is actively monitoring market fluctuations in the beef industry, particularly the rising costs of live cattle and beef products, to mitigate risks[121]. Environmental and Safety Management - The company has implemented a dual supervision system for safety management, enhancing the effectiveness of safety oversight in mining operations[181]. - The company has maintained a focus on social responsibility, emphasizing safety production and environmental protection in its operations[181]. - The company achieved compliance with national standards for major pollutants, including sulfur dioxide, nitrogen oxides, and particulate matter, through effective pollution control measures[177]. - The company has established environmental protection offices across production units, employing specialized personnel to manage environmental work[184]. Future Outlook and Strategic Plans - The company plans to enhance its international market presence, particularly in Europe and Asia-Pacific, to mitigate risks[115]. - The company aims to improve operational efficiency and reduce costs in the next financial period[196]. - The company is focusing on research and development of new technologies to drive future growth[196]. - The company plans to upgrade its food division management system and expand into markets in Europe, the Middle East, and the U.S.[198]. Internal Control and Compliance - The company has established a comprehensive internal control system that has been effectively implemented, with no significant deficiencies reported during the period[166]. - The internal control audit report concluded that the company maintained effective financial reporting internal controls as of December 31, 2022[170]. - The company is committed to ongoing improvements in corporate governance following past issues identified in internal control audits[171]. Employee and Management - The total number of employees at the end of the reporting period was 2,877, with 2,851 from major subsidiaries and 26 from the parent company[159]. - The company emphasizes a performance-based salary policy for management, linking compensation to annual operational goals[160]. - The employee training program includes both internal and external training to support employee development and long-term corporate growth[161].

Financial Performance - The company's operating revenue for Q1 2023 was ¥304,724,253.96, a decrease of 14.69% compared to ¥357,208,115.79 in Q1 2022[5] - The net profit attributable to shareholders was -¥19,624,163.07, representing a decline of 155.70% from ¥35,230,690.52 in the same period last year[5] - The net cash flow from operating activities decreased by 32.78% to ¥123,720,475.48 from ¥184,065,476.09 in Q1 2022[12] - The weighted average return on net assets was -5.38%, down from 8.29% in the previous year[5] - Operating income for the first quarter was 3,676,301.78, a significant increase of 2658.95% compared to 133,250.00 from the previous year[15] - The net loss attributable to the parent company for Q1 2023 was CNY -1,242,490,466.03, compared to CNY -1,222,866,302.96 in the previous year, indicating a slight increase in losses[27] - The net profit for Q1 2023 was CNY 5,303,259.66, a significant decrease compared to CNY 96,889,238.32 in the same period last year, reflecting a decline of approximately 94.5%[30] - The total comprehensive income for the period was CNY 10,995,263.13, down from CNY 95,651,063.99, reflecting a decrease of about 88.5%[31] - The operating profit for Q1 2023 was CNY 20,919,492.96, down from CNY 98,921,167.01, reflecting a decrease of about 78.8% year-over-year[30] Assets and Liabilities - The total assets at the end of the reporting period increased by 2.64% to ¥3,053,350,238.91 from ¥2,974,831,866.60 at the end of the previous year[5] - The total liabilities increased to CNY 2,014,814,814.92 from CNY 1,963,363,576.74, reflecting a rise in financial obligations[27] - The cash and cash equivalents at the end of Q1 2023 were CNY 465,024,469.51, an increase from CNY 364,796,681.99 at the beginning of the year[25] - The cash and cash equivalents at the end of the period amounted to CNY 464,000,210.13, an increase from CNY 313,225,794.37 year-over-year, showing a growth of approximately 48.2%[32] Revenue and Costs - The total operating revenue for Q1 2023 was CNY 304,724,253.96, a decrease of approximately 14.7% compared to CNY 357,208,115.79 in the same period last year[28] - The total operating costs for Q1 2023 were CNY 280,716,538.89, an increase of about 8.9% from CNY 257,642,390.34 in the previous year[28] - The total revenue from operating activities was CNY 394,520,992.38, down from CNY 502,586,922.74, indicating a decrease of about 21.5% year-over-year[31] Cash Flow - The cash flow from operating activities showed a net inflow of CNY 123,720,475.48, compared to CNY 184,065,476.09 in the previous year, representing a decline of approximately 32.6%[32] - The cash flow from investing activities showed a net outflow of CNY 19,152,722.00, compared to a net outflow of CNY 10,515,194.63 in the same period last year, indicating increased investment activity[32] Shareholder Information - The company's total number of ordinary shareholders reached 50,342, with no preferred shareholders having restored voting rights[17] - The largest shareholder, Dalian Hesheng Holdings Group, holds 13.25% of shares, with 107,847,136 shares frozen[17] Legal and Operational Issues - The company is involved in a legal dispute regarding the acquisition of a 40% stake in Yancheng Niu Yuan Wai Enterprise Management Center, with a total payment of 54,172,000 planned[21] - The company’s subsidiary, Wujin Group, was ordered to suspend operations from March 28 to March 30, 2023, due to safety violations[22] Strategic Initiatives - The company established a strategic restructuring task force for the beef industry, led by director Sun Luning, to enhance operational efficiency[23] - The company plans to focus on market expansion and new product development as part of its strategic initiatives moving forward[23] Other Financial Metrics - Financial expenses increased by 52.04% to ¥19,756,502.39, mainly due to exchange losses from overseas investments[14] - Tax expenses surged by 13432.59% to 16,564,072.81, primarily due to increased tax liabilities from the previous year[15] - The company reported a significant increase in other receivables, which rose to CNY 46,710,313.09 from CNY 24,583,942.21, indicating improved collection efforts[25] - The company’s inventory decreased to CNY 34,622,085.61 from CNY 37,785,847.28, suggesting better inventory management practices[25] - The company incurred a credit impairment loss of CNY 4,047.01, compared to CNY 1,806,427.82 in the previous year, indicating a significant reduction in credit losses[30] - Minority shareholder losses decreased by 59.57% to 24,927,422.73, reflecting a reduction in recognized minority losses[15]

Financial Performance - The company's operating revenue for Q3 2022 was ¥304,788,187.72, a decrease of 23.17% compared to the same period last year[5] - The net profit attributable to shareholders was -¥233,749.78, reflecting a significant increase in loss of 95.00% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,999,286.35, down 47.87% year-on-year[5] - The company reported a cumulative operating revenue of ¥1,051,764,862.35 for the first nine months of 2022, representing a 29.70% increase year-on-year[9] - The cumulative net profit attributable to shareholders for the first nine months was ¥75,903,224.13, a turnaround from a loss of ¥65,894,506.99 in the same period last year, marking a 215.19% increase[9] - The operating revenue for Q3 2022 was CNY 1,051,764,862.35, an increase of 29.70% compared to CNY 810,911,234.81 in the same period last year, primarily driven by coal sales from Wujin Group[14] - Total operating revenue for Q3 2022 reached ¥1,051,764,862.35, an increase of 29.6% compared to ¥810,911,234.81 in the same period last year[28] - Net profit for Q3 2022 was ¥239,548,656.06, a significant recovery from a net loss of ¥20,220,404.12 in Q3 2021[29] - The total comprehensive income for the period was CNY 214,536,011.93, compared to a loss of CNY 26,779,103.99 in the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,113,750,640.93, an increase of 11.07% compared to the end of the previous year[5] - The company's total assets increased to ¥3,113,750,640.93, up from ¥2,803,302,733.07, reflecting a growth of 11.0%[27] - Current assets rose to ¥663,293,439.22, compared to ¥388,842,502.55, marking a substantial increase of 70.5%[27] - Total liabilities amounted to ¥1,988,049,814.39, an increase from ¥1,923,701,204.39, indicating a rise of 3.4%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥497,943,790.86, an increase of 73.71% year-on-year[12] - The net cash flow from operating activities increased to CNY 497,943,790.86, up from CNY 286,658,822.61 in the same period last year, representing a growth of approximately 73.5%[32] - The cash inflow from sales of goods and services reached CNY 1,243,752,234.47, compared to CNY 1,010,300,593.58 in the previous year, indicating a year-over-year increase of about 23.1%[31] - The total cash outflow from operating activities was CNY 965,988,912.24, slightly up from CNY 937,882,044.91 in the previous year[32] - The cash and cash equivalents at the end of the period totaled CNY 480,244,307.01, significantly higher than CNY 236,107,775.62 at the end of the previous year[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,609, with no preferred shareholders[17] - The top ten shareholders held a combined 43.73% of the shares, with Dalian Hesheng Holding Group owning 13.25%[17] - The company has a significant shareholder structure, with the top ten shareholders holding a total of 107,847,136 shares, representing a substantial portion of the equity[18] Legal and Regulatory Issues - The company faced 158 lawsuits related to false information, with a total claim amount of RMB 15,655,400, of which 146 cases resulted in a judgment requiring the company to pay RMB 2,946,900[21] - The company is currently involved in multiple legal disputes, including a significant case with 恒旺管理咨询, which was dismissed in the second instance[19] Operational Highlights - The coal sales revenue from Wujia Group increased significantly, contributing to the overall revenue growth despite a decrease in production and sales volume[9] - The food business reported a cumulative loss of ¥40,436,300, although this represented an improvement of 8.09% compared to the previous year[10] - The company’s subsidiary, 22 Factory, temporarily halted production due to customs issues but resumed operations on October 12, 2022, after the import ban was lifted[22] Financial Management - Financial expenses decreased by 80.35% to CNY 8,976,408.09, attributed to increased exchange gains and reduced interest expenses from Wujin Group[14] - The company reported a decrease in cash paid to employees, totaling CNY 239,494,690.68, down from CNY 257,486,237.36 in the previous year[32] - The company experienced a foreign exchange gain of CNY 2,474,377.79, contrasting with a loss of CNY -730,807.01 in the previous period[32] Investment and Development - The company reported an investment loss of CNY -14,217,297.87, a 41.34% increase compared to the previous year, mainly due to losses recognized from joint ventures[14] - Other non-current assets increased by 199.10% to CNY 128,528,010.78, primarily due to the acquisition of a 50% stake in the Uruguay 224 plant[15] - Research and development expenses were not detailed but are critical for future product development and market expansion[29] Taxation - Tax and additional fees rose to CNY 115,693,786.28, reflecting a 48.98% increase year-on-year due to higher coal sales revenue from Wujin Group[14] - The company has outstanding tax liabilities totaling RMB 76,024,484.91, which includes overdue tax and penalties[23]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥746.98 million, representing an increase of 80.33% compared to ¥414.23 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached approximately ¥76.14 million, a significant turnaround from a loss of ¥61.22 million in the previous year, marking a growth of 224.36%[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥86.32 million, compared to a loss of ¥62.24 million in the same period last year, reflecting a growth of 238.69%[21]. - The net cash flow from operating activities was approximately ¥399.94 million, an increase of 262.09% from ¥110.45 million in the previous year[21]. - The basic earnings per share were ¥0.0935, compared to a loss of ¥0.0752 per share in the same period last year, indicating a growth of 224.34%[21]. - Total assets at the end of the reporting period were approximately ¥3.06 billion, an increase of 9.19% from ¥2.80 billion at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were approximately ¥477.72 million, up 17.79% from ¥405.56 million at the end of the previous year[21]. - The weighted average return on equity was 17.24%, a significant improvement from -13.15% in the previous year[21]. Coal Industry Performance - The coal industry produced 1.3768 million tons of raw coal and sold 1.3455 million tons, representing increases of 2.39% and 0.35% year-on-year, respectively[31]. - The coal segment generated operating revenue of 677 million CNY, a year-on-year increase of 101.46%, and net profit of 274 million CNY, up 877.36% year-on-year[31]. - The coal industry is expected to continue benefiting from rising international coal prices and increased domestic production capacity, with a reported 2.19 billion tons of raw coal produced in China in the first half of 2022, a year-on-year increase of 11%[34]. - The company's coal production capacity is set at 3 million tons per year, with a focus on safety and efficiency improvements in operations[38]. - Five Nine Group's remaining coal reserves include 182 million tons at Shengli Mine and 23.88 million tons at Yaxing subsidiary, with remaining recoverable reserves of 107.1 million tons and 10.98 million tons respectively[40]. Food Segment Performance - The food segment reported a net loss of 26.058 million CNY, a reduction in loss of 15.15% year-on-year, primarily due to improved performance from subsidiaries[32]. - The company’s overseas food operations incurred a loss of 16.264 million CNY, an increase in loss of 185.95% year-on-year, attributed to insufficient production and rising beef prices[32]. - The company’s overall loss from other businesses was 37.5603 million CNY, a reduction in loss of 725.16 million CNY year-on-year, mainly due to increased exchange gains[33]. - The wholesale segment of the food business generated revenue of ¥65,347,067.92 in the first half of 2022, a decrease of 14.46% year-on-year, while the retail segment saw a drastic decline of 90.62%[50]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes, including a case where it is required to assume joint liability for debts amounting to RMB 14 million[122]. - The company has been ordered to bear the litigation costs associated with the ongoing legal cases[122]. - The company is facing a civil judgment that requires it to fulfill certain financial obligations to various parties involved in the disputes[122]. - The company has initiated criminal reporting measures due to suspected fraudulent loan claims, currently under investigation by the Shanghai Public Security Bureau[123]. - The company has faced penalties and legal actions that could affect its future operations and market position[138]. Environmental Compliance - Five Nine Group's total sulfur dioxide emissions were 17.87 tons, well below the approved limit of 91.8 tons per year[103]. - Nitrogen oxides emissions from Five Nine Group were recorded at 15.02 tons, significantly lower than the annual limit of 184.47 tons[103]. - Particulate matter emissions from Five Nine Group were 3.17 tons, which is below the approved limit of 18.69 tons per year[103]. - The company has implemented a comprehensive environmental monitoring plan, combining automatic and manual monitoring methods[105]. - Five Nine Group has not faced any administrative penalties related to environmental issues during the reporting period[106]. Strategic Initiatives - The company plans to maintain stable coal quality and complete annual cost reduction and efficiency improvement plans to mitigate risks from price controls[93]. - The company is focusing on improving liquidity and capital structure by disposing of non-core assets and securing funding for operational needs[117]. - The company aims to enhance the coal industry business scale and profitability by expanding the capacity of Wujiao Coal Group and integrating resources[116]. - The company plans to adjust the management system of its food division and upgrade overseas factories to expand into markets in Europe, America, and the Middle East[116]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 50,092[182]. - The largest shareholder, Dalian Hesheng Holdings Group Co., Ltd., holds 13.25% of the shares, totaling 107,847,136 ordinary shares[182]. - The total number of shares outstanding is 814,064,000, with 814,036,325 being unrestricted shares[180]. - The company has no preferred shares in existence during the reporting period[188]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period[183].

Financial Performance - The company reported a total revenue of 814,064,000 RMB for the year, with no cash dividends distributed to shareholders[5]. - The company's operating revenue for 2021 was CNY 1,187,477,405.42, representing a 20.06% increase compared to CNY 989,107,970.40 in 2020[21]. - The net profit attributable to shareholders was a loss of CNY 147,479,252.42, an improvement of 55.64% from a loss of CNY 332,497,276.67 in 2020[21]. - The net cash flow from operating activities increased by 151.83% to CNY 345,933,704.44 from CNY 137,367,956.25 in the previous year[21]. - The basic earnings per share improved to -CNY 0.1812 from -CNY 0.4084, reflecting a 55.63% reduction in losses[21]. - The company reported a significant reduction in non-recurring losses, with total non-recurring losses amounting to CNY -49,446,871.56 in 2021 compared to CNY -115,445,315.74 in 2020[27]. - The company achieved operating revenue of 49,518.82 million yuan in 2021, with a net profit of 392.35 million yuan, reflecting a decrease of 1.13% compared to the previous year[95]. - The proposed profit distribution plan for 2021 is to not distribute dividends or increase capital reserves, primarily due to operating losses and tight cash flow[177]. - The total cash dividend amount for 2021 is 0 CNY, representing 0% of the total profit distribution[176]. Business Segments - The company has faced significant challenges in its food industry segment due to funding issues, the pandemic, and production halts, leading to a decrease in food industry revenue[19]. - The company’s main business revenue is primarily from the coal industry, with food industry revenues being impacted in 2020-2021[19]. - The coal industry remains a strategic sector, with national coal production reaching 4.07 billion tons in 2021, a 4.7% increase year-on-year[30]. - The beef food industry is expected to grow due to rising demand for high-protein, low-fat meat, with increasing consumer preference for quality-certified products[31]. - The coal business produced 2.89 million tons and sold 2.83 million tons of raw coal, with operating revenue reaching 989.18 million yuan, a 50.02% increase year-on-year[59]. - The food business achieved a revenue of CNY 187.86 million in 2021, a year-on-year increase of 50.12%[61]. - The coal mining segment generated revenue of CNY 918.61 million, accounting for 77.36% of total revenue, with a year-on-year growth of 39.58%[66]. Operational Challenges - The company has undergone several changes in its main business focus, transitioning from motorcycle manufacturing to coal and food industries over the years[19]. - The company’s beef processing facilities in Uruguay are limited to a slaughter capacity of 250 heads per day due to funding shortages and environmental constraints[39]. - The beef business in Uruguay has been impacted by the suspension of imports from the 22 plant since October 1, 2021, due to discrepancies found by customs[42]. - The company faced challenges in the beef trade due to overseas production capacity issues, resulting in a 65.18% decrease in revenue for Ningbo Hengyang[62]. - The company is addressing financial risks due to tight cash flow, including overdue debts and tax payments, and is negotiating extensions and asset disposals to resolve these issues[127]. Strategic Initiatives - The company plans to enhance operational management in 2022, focusing on cost reduction and efficiency improvements[36]. - The company aims to establish a complete supply chain from overseas beef sourcing to domestic processing, although it currently faces challenges in market price fluctuations[117]. - The company is focused on enhancing safety, green practices, and technological advancements in its coal mining operations, while also pursuing asset restructuring for sustainable growth[118]. - The company plans to leverage external partnerships to stabilize operations and improve profitability in its beef business[118]. - The company is committed to technological innovation and management efficiency to lower production costs in the coal sector[121]. Governance and Management - The company’s financial report has been audited by Da Hua Accounting Firm, which issued an unqualified opinion with emphasis on going concern uncertainties[5]. - The company has established a comprehensive internal control system, improving governance and operational efficiency[136]. - The board of directors convened 16 meetings, maintaining accurate records and enhancing decision-making transparency[134]. - The company has a structured remuneration decision-making process based on performance evaluations and shareholder approvals[157]. - The company has maintained a stable management team, with key executives continuing in their roles, ensuring continuity in leadership[146]. Market Trends and Future Outlook - The coal industry is expected to undergo a transformation towards low-carbon and high-quality development, driven by national policies and the need for intelligent mining technology[115]. - The beef market is experiencing price increases, with international live cattle prices exceeding historical highs, impacting profitability but maintaining market credibility[126]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[150]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[152]. - Research and development investments increased by 30%, focusing on innovative technologies and product enhancements[153]. Environmental and Safety Measures - The company is classified as a key pollutant discharge unit, with emissions of sulfur dioxide and nitrogen oxides reported below regulatory limits[191]. - The company has implemented pollution control facilities, including an electric bag composite dust collector and a calcium injection system for desulfurization, both operating normally[191]. - The company emphasizes the importance of safety production and has implemented a comprehensive safety management approach[199]. - The company has developed an emergency response plan to address potential environmental pollution incidents[192]. - The company is committed to sustainable development and actively promotes environmental protection and resource conservation[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥357,208,115.79, representing a 173.64% increase compared to ¥130,540,616.89 in the same period last year[3]. - The net profit attributable to shareholders for Q1 2022 was ¥35,230,690.52, a significant turnaround from a loss of ¥33,581,075.29 in Q1 2021, marking a 204.91% increase[3]. - The company's operating revenue for Q1 2022 reached RMB 357,208,115.79, a significant increase of 173.64% compared to RMB 130,540,616.89 in Q1 2021, primarily driven by increased coal sales from Wujia Group[12]. - The company reported a net profit attributable to minority shareholders of RMB 61,658,547.80, a 625.85% increase from a loss of RMB 11,725,574.44 in Q1 2021, indicating improved profitability[12]. - The company reported a basic and diluted earnings per share of CNY 0.0433, recovering from a loss of CNY 0.0413 per share in the same quarter last year[28]. - The total comprehensive income for the first quarter was CNY 95,651,063.99, compared to a loss of CNY 50,829,170.41 in the previous year[28]. - The company reported a total profit of CNY 97,011,639.64, recovering from a loss of CNY 45,322,374.29 in the same quarter last year[27]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥184,065,476.09, a remarkable increase of 1,054.75% from ¥15,939,917.35 in the previous year[10]. - The net increase in cash and cash equivalents was ¥152,858,875.06, a 362.72% increase from a decrease of -¥58,182,859.03 in the same period last year[10]. - Cash and cash equivalents at the end of the period amounted to RMB 314,305,098.37, a 94.68% increase from RMB 161,445,223.31 at the beginning of the year, mainly due to cash received from coal sales[12]. - The company’s cash and cash equivalents increased to ¥314,305,098.37 from ¥161,445,223.31, showing a growth of approximately 94.5%[22]. - The cash flow from operating activities showed a net increase of CNY 184,065,476.09, a substantial improvement from CNY 15,939,917.35 in the prior year[31]. - The cash and cash equivalents at the end of the period amounted to CNY 313,225,794.37, up from CNY 33,957,269.28 at the end of the previous year[32]. Operating Costs and Expenses - Operating costs rose to RMB 155,840,739.99, reflecting a 19.93% increase from RMB 129,939,601.33 in the same period last year[12]. - Total operating costs for the first quarter were ¥257,642,390.34, compared to ¥188,774,457.69 in the same period last year, indicating an increase of about 36.5%[25]. - The company incurred a total operating expense of CNY 318,521,446.65, which increased from CNY 185,618,395.77 in the same quarter last year[31]. - Tax and additional charges surged by 181.62% to RMB 38,043,121.62, attributed to the rise in coal sales revenue[12]. - The company experienced a tax expense of CNY 122,401.32, compared to a tax benefit of CNY 15,724.56 in the previous year[27]. Assets and Liabilities - The total assets at the end of Q1 2022 were ¥2,975,922,387.53, up 6.16% from ¥2,803,302,733.07 at the end of the previous year[3]. - Total liabilities reached ¥1,987,009,730.12, up from ¥1,923,701,204.39 in the previous year, reflecting a rise of approximately 3.3%[23]. - The company’s total equity as of March 31, 2022, was ¥988,912,657.41, compared to ¥879,601,528.68 in the previous year, indicating an increase of about 12.4%[24]. - The company has outstanding tax liabilities totaling RMB 72,379,307.50, which includes overdue taxes and penalties, impacting its financial position[15]. Investment Activities - The investment activities generated a net cash flow of -¥10,515,194.63, which is an improvement of 69.26% compared to -¥34,204,100.77 in the previous year[10]. - The company’s investment loss decreased by 42.51% to RMB 2,730,423.64, compared to RMB 4,749,233.34 in the previous year, indicating improved performance from joint ventures[12]. - Investment activities resulted in a net cash outflow of CNY 10,515,194.63, an improvement from a net outflow of CNY 34,204,100.77 in the previous year[31]. Other Financial Information - The company recorded a significant decrease in other income, down 95.64% to RMB 133,250.00, compared to RMB 3,053,644.86 in the previous year, due to the absence of mining rights income[12]. - Financial expenses increased by 69.41% to RMB 12,994,343.85, primarily due to foreign exchange losses from subsidiaries[12]. - The company has settled a debt dispute with Manuel Pereira, agreeing to pay a total of $406,000 by October 5, 2022, to resolve the litigation[17]. - The company is involved in 149 securities false information disputes, with a total claimed compensation amounting to ¥14,291,000, of which 113 cases have been adjudicated[19].

Financial Performance - The company's operating revenue for Q3 2021 was ¥396,679,442.30, representing a 61.86% increase year-over-year[3] - The net profit attributable to shareholders was -¥4,671,879.64, an 88.55% decrease compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,835,407.75, showing a 107.05% increase year-over-year[3] - Total operating revenue for the third quarter of 2021 was CNY 810,911,234.81, a decrease of 0.1% compared to CNY 817,760,025.44 in the same period of 2020[28] - The net profit for the third quarter of 2021 was a loss of CNY 20,220,404.12, an improvement from a loss of CNY 43,095,365.43 in the previous year[29] - Total comprehensive income attributable to the parent company was -72,453,206.86 CNY, compared to -32,081,870.79 CNY in the previous period[30] - The basic and diluted earnings per share were both -0.0809 CNY, an improvement from -0.1111 CNY in the previous period[30] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥286,658,822.61, a significant increase of 2,269.65%[3] - The company reported a net increase in cash and cash equivalents due to increased cash flow from operating activities[10] - Total cash and cash equivalents increased by 219.30% year-on-year to ¥143,967,647.31, reflecting better liquidity management[12] - Cash and cash equivalents at the end of the period increased to 236,107,775.62 CNY from 46,763,169.52 CNY in the previous period[34] - The total cash inflow from operating activities was 1,224,540,867.52 CNY, compared to 915,054,897.32 CNY in the previous period[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,920,065,909.71, a decrease of 0.37% from the end of the previous year[3] - The total assets as of September 30, 2021, were CNY 2,920,065,909.71, slightly down from CNY 2,931,012,359.75 at the end of 2020[26] - The company's total liabilities decreased to CNY 1,981,701,252.68 from CNY 1,987,761,424.70, showing a slight reduction of about 0.3%[26] - The company has outstanding tax liabilities totaling 43,338,004.41 RMB related to income tax from 2017, which has resulted in the freezing of its bank accounts and assets[21] Operational Efficiency - Sales expenses decreased by 52.47% year-on-year to ¥19,032,830.15, primarily due to the reduction of consolidated expenses from the newly merged company[11] - Financial expenses decreased by 54.42% year-on-year to ¥45,671,640.17, mainly due to a reduction in interest expenses from long-term loans[11] - Other income increased by 259.43% year-on-year to ¥17,153,055.69, primarily due to compensation received for mining rights[11] - Net cash flow from operating activities increased by 2269.65% year-on-year to ¥286,658,822.61, indicating significant improvement in operational efficiency[12] Production and Sales - The cumulative production of raw coal by the company’s subsidiary was 2,190,100 tons, a decrease of 3.76% year-over-year, while sales were 2,166,500 tons, down 3.94%[8] - The food trading business contributed a net profit of -¥43,994,300, reducing losses by 8.55% year-over-year[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,346, with no preferred shareholders[14] - The largest shareholder, Dalian He Sheng Holdings Group Co., Ltd., holds 13.25% of shares, with 64,200,000 shares pledged[14] - The top ten shareholders hold a combined total of 336,000,000 RMB ordinary shares, with the largest shareholder holding 107,847,136 shares[15] Legal and Regulatory Issues - The company has 83 ongoing litigation cases related to false information disclosure, with a total claim amount of 11,395,900 RMB, of which 1,402,600 RMB has been ordered to be paid by the company[20] - The company announced the transfer of 100% equity in Inner Mongolia New Dazhou Energy Technology Co., Ltd. to Yibin Mingxi Investment Co., Ltd., but the deal was terminated due to non-payment by the buyer[16] Strategic Initiatives - The company has initiated a non-public offering of A-shares, which was approved by the board and shareholders[19] - The company is actively pursuing new strategies, including a stock incentive plan approved by the board and shareholders[19] - The company has experienced a change in leadership, with Han Dongfeng elected as the new chairman following the resignation of Wang Lei[17] Inventory Management - Inventory increased by 108.24% year-on-year to ¥61,790,360.19, attributed to the recovery of production capacity at the Uruguay plant[11] - The company reported a decrease in inventory to CNY 61,790,360.19 from CNY 29,673,266.16, indicating an increase of approximately 108.3%[25]