Financial Performance - Operating revenue for the reporting period was CNY 245,069,067.44, a decline of 39.01% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 40,809,673.66, representing a decrease of 941.62% compared to the same period last year[8] - The basic earnings per share were -CNY 0.0501, a decrease of 943.75% compared to the same period last year[8] - Revenue for the first nine months of 2020 was RMB 817.76 million, a decrease of 23.97% compared to RMB 1,075.61 million in the same period of 2019[17] - Operating profit for the same period was a loss of RMB 68.73 million, worsening by 21.99% from a loss of RMB 56.34 million year-on-year[17] - Net profit attributable to shareholders was a loss of RMB 90.45 million, a 2.74% increase in loss from RMB 88.04 million in the previous year[17] - The net profit for the third quarter was a loss of CNY 18,651,169.34, compared to a profit of CNY 19,802,020.51 in the same period last year[71] - The net profit for the current period is a loss of CNY 30,005,496.81, compared to a loss of CNY 6,382,938.65 in the previous period, reflecting a worsening of approximately 369.56%[75] - The net profit for the current period was a loss of CNY 72,056,950.88, compared to a loss of CNY 28,172,880.83 in the previous period, indicating a significant increase in losses[84] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,222,419,524.87, a decrease of 6.67% compared to the end of the previous year[8] - The company's current assets decreased to CNY 631,052,287.02 from CNY 1,210,500,176.10, indicating a significant reduction of approximately 47.8%[60] - The total liabilities decreased to CNY 1,995,039,471.64 from CNY 2,207,752,398.13, a reduction of about 9.6%[62] - The total equity attributable to the parent company decreased to CNY 651,624,490.05 from CNY 710,375,949.28, indicating a decline of approximately 8.2%[63] - The company has a total of CNY 30 million in frozen equity related to the Yi Yatong case and CNY 2 million related to Hainan Industry.[5] - The company reported a total of CNY 3.74 billion in liabilities related to various lawsuits and disputes, indicating significant financial pressure.[6] - The total amount of frozen assets includes CNY 2.73 billion in fixed assets and CNY 140.81 million in cash due to litigation and tax issues.[4] Cash Flow - The net cash flow from operating activities was a negative CNY 18,647,671.02, down 127.59% year-on-year[8] - The cash flow from operating activities showed a net outflow of RMB 13.21 million, a significant decrease of 112.06% compared to a net inflow of RMB 109.53 million in the same period last year[21] - The net cash flow from operating activities was a negative CNY 13,212,190.01, down from a positive CNY 109,534,858.76 in the previous period[87] - Cash and cash equivalents decreased by 70.93% to CNY 50,505,521.27, mainly due to loan repayments by Wujiu Group[25] - Cash and cash equivalents at the end of the period were CNY 46,763,169.52, down from CNY 115,099,479.56 at the end of the previous period[88] Investments and Equity - The company holds a 50% stake in Uruguay's Lorsinal S.A., which has not provided financial data due to shareholder changes and pandemic impacts, resulting in no investment income recognition for this reporting period[16] - The company reported a 349.26% increase in long-term equity investments to CNY 537,578,372.16, resulting from the debt-to-equity swap with Hengyang Cattle Industry[25] - The company completed the acquisition of the remaining 50% stake in Energy Technology Company, bringing its total ownership to 100%[40] Financial Obligations and Litigation - The company faced tax payment issues, with outstanding income tax liabilities of CNY 48,372,799.12 as of the reporting date[28] - The company is involved in ongoing arbitration related to equity agreement disputes, with significant assets still under preservation measures[30] - The company has been listed as a dishonest executor due to unresolved loan disputes, including cases involving Chen Jianjun and Lin Jinjia, with ongoing litigation updates disclosed.[4] - The company is actively promoting asset disposal plans for New Dazhou Logistics and Hainan Industry to generate funds for settling tax and debt obligations.[6] - The company has disclosed various litigation cases and their financial implications, highlighting the need for strategic financial management.[3] Financial Management and Strategy - The company is actively integrating resources to improve the food trading business and is working on asset disposal plans to mitigate delisting risks[20] - The company is considering participating in the debt restructuring of Hengyang Beef Industry due to its deteriorating financial condition[42] - The company has not engaged in any securities or derivative investments during the reporting period[43][44] - The company did not engage in any investor relations activities during the reporting period[55] - The company has adjusted its financial statements in accordance with the new revenue and leasing standards effective from January 1, 2020[92]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥572,690,958, a decrease of 15.01% compared to ¥673,813,519.63 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥49,636,131.72, an improvement of 40.99% from a loss of ¥84,118,939.09 in the previous year[19]. - The net cash flow from operating activities was ¥5,435,481.01, down 87.04% from ¥41,941,987.50 in the same period last year[19]. - The total assets at the end of the reporting period were ¥3,238,219,562.75, a decrease of 6.21% from ¥3,452,718,930.41 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 6.69% to ¥662,864,638.73 from ¥710,375,949.28 at the end of the previous year[19]. - The basic and diluted earnings per share were both -¥0.0610, an improvement of 40.95% from -¥0.1033 in the same period last year[19]. - The company reported a total comprehensive income of CNY 28,325,452.90, compared to a loss of CNY 83,695,995.97 in the first half of 2019[198]. - The financial expenses for the first half of 2020 were CNY 50,892,289.25, an increase from CNY 39,475,537.42 in the same period of 2019[195]. - The company recorded an investment loss of CNY 2,472,405.71, an improvement from a loss of CNY 11,554,771.33 in the first half of 2019[195]. - Other comprehensive income after tax for the first half of 2020 was CNY 52,769,648.99, compared to a loss of CNY 4,962,365.46 in the same period of 2019[197]. Business Segments - The coal business saw a year-on-year increase in production and sales volume, contributing positively to the overall revenue despite challenges in other sectors[34]. - The company achieved operating revenue of CNY 572.69 million, a year-on-year decrease of 15.01%, primarily due to the impact of the pandemic and funding shortages affecting the meat products business[34]. - The coal mining segment accounted for 67.26% of total revenue, with a year-on-year increase of 31.11%[43]. - The logistics transportation segment saw a revenue decline of 21.13%, contributing 15.82% to total revenue[43]. - The company’s beef processing operations in Uruguay have been halted since February 2020 due to the pandemic, impacting overall performance in the beef food sector[27]. Legal and Compliance Issues - The company is involved in ongoing litigation regarding a civil loan dispute with Cai Laiyin, with no progress reported[79]. - The company is facing a lawsuit from Huaxin Trust for financial loan disputes, with claims for the return of principal and interest[83]. - The company has ongoing litigation that may impact its financial position and operational capabilities[84]. - The company is currently listed as a dishonest executor due to unresolved litigation matters[85]. - The company has reported a total amount involved in litigation of 1,148.7 million yuan, which has not formed an estimated liability[84]. Assets and Liabilities - The total owner's equity decreased to CNY 1,213,863,769.92 from CNY 1,244,966,532.28, reflecting a decline of approximately 2.5%[190]. - The company's total assets amounted to CNY 3,238,219,562.75, down from CNY 3,452,718,930.41, indicating a decrease of about 6.2%[190]. - Total liabilities decreased to CNY 2,024,355,792.83 from CNY 2,207,752,398.13, a reduction of approximately 8.3%[189]. - The total current liabilities rose to CNY 1,881,454,483.00 from CNY 1,690,546,137.85, an increase of approximately 11.3%[189]. - The company has outstanding tax liabilities amounting to 48,054,332.60 yuan as of the balance sheet date[147]. Investments and Equity - The company has made significant investments in equity, including a ¥6,625.20 million acquisition with a 40% stake in Dalian Taoyuan Market Development Co., Ltd.[55]. - The company reported a total of CNY 1,332.72 million in receivables from Inner Mongolia New Dazhou Energy Technology[112]. - The company has recognized a provision for impairment of 11,164,692.39 RMB due to the financial difficulties of its related party, Energy Technology Company[115]. - The company has a total of 860 million yuan in equity frozen due to a loan dispute with Shanghai He and Fu Industrial Co., Ltd[85]. Operational Challenges - The company faced risks and challenges due to external factors, including the impact of the pandemic on its joint venture in Uruguay[5]. - The company is actively involved in resolving disputes to restore its financial standing and operational integrity[85]. - The company is focused on enhancing its operational efficiency amid ongoing legal challenges[87]. - The company is exploring new market opportunities as part of its growth strategy[86]. Management and Governance - The company emphasizes the importance of improving internal control systems and compliance awareness among management to mitigate governance risks[71]. - The company appointed two new vice presidents and two new directors in January and February 2020, indicating a shift in management structure[180]. - The board reported a qualified audit opinion from the accounting firm for the 2019 financial statements[79]. - The financial report for the first half of 2020 has not been audited, indicating a need for further verification of financial data[185].

Financial Performance - The company reported a total revenue of RMB 814 million for the year 2019, reflecting a year-on-year decrease of 15%[10]. - The net loss for the year was RMB 120 million, compared to a net profit of RMB 50 million in 2018, indicating a significant decline in profitability[10]. - The company's operating revenue for 2019 was ¥1,439,198,672.23, a decrease of 9.40% compared to ¥1,588,519,062.71 in 2018[16]. - The net profit attributable to shareholders was -¥613,209,366.32, an improvement of 30.18% from -¥878,214,551.22 in the previous year[16]. - The total assets at the end of 2019 were ¥3,452,718,930.41, down 18.34% from ¥4,228,197,978.70 at the end of 2018[16]. - The net assets attributable to shareholders decreased by 46.46% to ¥710,375,949.28 from ¥1,326,828,920.73 in 2018[16]. - The company reported a basic earnings per share of -¥0.7533, which is a 30.17% improvement from -¥1.0788 in 2018[16]. - The company reported a net profit of -199.22 million yuan for 2019, with a proposed profit distribution plan of no cash dividends or capital increase, primarily due to operational losses and tight cash flow[114]. Business Segments - The company is focusing on expanding its food industry segment, which has been growing since entering the beef market in 2016[14]. - The coal mining segment remains a significant part of the company's operations, contributing to its revenue alongside the food industry[14]. - The coal business, managed by a subsidiary, has a total production capacity of 270,000 tons, with a sales radius of 600 kilometers[25]. - The logistics business operates over 90,000 square meters of storage and transit warehouses, covering 2,500 distribution points nationwide[25]. - The beef business faced significant challenges in 2019 due to financial issues at a subsidiary, leading to a halt in imports during the first half of the year[25]. - The coal and logistics sectors maintained stable operations, with the subsidiary Wujin Group producing 3.0112 million tons of raw coal, a decrease of 3.82%, and selling 3.0586 million tons, an increase of 2.87% year-on-year[41]. - The logistics segment achieved operating revenue of CNY 308.43 million, a year-on-year increase of 4.23%, while net profit decreased by 1.59% to CNY 28.06 million[42]. - The beef industry faced challenges, with operating revenue of CNY 460.15 million, a year-on-year decrease of 17.99%, and a net profit contribution of CNY -270.16 million, a year-on-year improvement of 30.98%[44]. Internal Control and Governance - The company has identified major internal control deficiencies, as noted in the audit report, which may impact future operations[5]. - The company is actively addressing potential risks and has outlined measures in its future development outlook[5]. - The company has initiated measures to optimize governance structure and strengthen internal process management to address financial difficulties and operational risks[39]. - The company is committed to improving its internal control systems to prevent governance risks, particularly in light of recent changes in major shareholders and board members[106]. - The company has established a board investigation team to address fund occupation issues by major shareholders and related parties, and revised internal control regulations accordingly[160]. Legal and Compliance Issues - The company is involved in a significant arbitration case with a claim amount of 227.96 million yuan, which is currently in the arbitration process[142]. - The company is facing a financial loan dispute with Huaxin Trust, which includes a claim for the return of principal and interest amounting to 18.51 million yuan[143]. - The company has been ordered to pay performance compensation and interest related to the arbitration case, with a total claim amount including penalties and overdue payment interest[143]. - The company is currently listed as a dishonest executor due to non-compliance with court orders, impacting its operational capabilities[145]. - The company has a pending obligation to pay 9,557,941 yuan in principal and interest as part of a legal ruling[145]. - The company is actively managing its legal risks and liabilities associated with these disputes, which may impact its financial performance[142]. - The company has been penalized for failing to comply with the relevant approval procedures in disclosing information, leading to administrative measures being taken against certain directors[152]. - The company is currently under administrative supervision measures due to non-compliance with the Securities Law[154]. Future Outlook and Plans - The company plans to expand its e-commerce and micro-business operations in the beef sector[25]. - The company plans to address debt and operational funding issues to avoid delisting risks[99]. - The company aims to enhance profitability through strict management, increasing coal production capacity, and promoting green mining initiatives[50]. - The company plans to establish a complete industry chain for beef sourcing and processing, aiming to enhance competitiveness and market presence[93]. - The company is exploring strategic investments to resolve financial crises and protect the interests of shareholders[48]. - The company plans to enhance its safety management system to mitigate risks associated with the coal mining industry, which is subject to strict safety and environmental regulations[105]. Financial Challenges - The company faced significant financial challenges, including a tight cash flow and insufficient financing capabilities, exacerbated by multiple lawsuits[47]. - The company has been addressing financial risks, including overdue debts and frozen bank accounts, and is seeking liquidity support from major shareholders[107]. - The company has significant outstanding debts, including a loan of approximately ¥136.85 million from Heilongjiang Hengyang Agricultural Group and ¥160 million plus interest and penalties from Tianjin Dinghui Tianning Equity Investment Partnership[167]. - The company is currently involved in legal proceedings regarding a loan dispute, with a case accepted by the Shenzhen Intermediate People's Court on January 9, 2020[163]. - The company has a significant amount of frozen assets due to ongoing legal issues, which could hinder its operational flexibility[148]. Shareholder and Investment Relations - The company has a performance compensation agreement with the original shareholders of its Uruguayan subsidiaries, with a total compensation claim of approximately $12.67 million due to unmet profit commitments[48]. - The company has committed to not distributing dividends or increasing capital reserves due to operational losses and financial constraints[118]. - The company plans to carry forward the distributable profits of 500,910,454.09 CNY to the next fiscal year[118]. - The company has fulfilled its commitments to minority shareholders in a timely manner[121]. - The company is focused on maintaining compliance with market principles and fair pricing in related transactions to protect shareholder interests[121].

新大洲控股股份有限公司 2020 年第一季度报告全文 新大洲控股股份有限公司 2020 年第一季度报告 2020 年 04 月 1 新大洲控股股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王磊、主管会计工作负责人许树茂及会计机构负责人(会计主管 人员)陈天宇声明：保证季度报告中财务报表的真实、准确、完整。 2 新大洲控股股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 229,944,749.26 | 321,874,035.90 | -28.56% | | 归属于上市公司股东的净利润（元） | -35,348,530.54 | -31,412,56 ...

Financial Performance - Operating revenue for the current period was CNY 401,796,037.38, down 5.88% year-on-year, and down 20.34% year-to-date[9]. - Net profit attributable to shareholders was a loss of CNY 3,917,916.65, a decrease of 92.13% year-on-year, and a loss of CNY 88,036,855.74 year-to-date, down 425.27%[9]. - Basic earnings per share for the current period was -CNY 0.0048, a decrease of 92.16% year-on-year[9]. - Total operating revenue for Q3 2019 was CNY 401,796,037.38, a decrease of 5.2% compared to CNY 426,908,292.14 in the same period last year[64]. - The company's net loss for Q3 2019 was CNY 5,422,899.44, compared to a loss of CNY 2,287,143.97 in the previous year[64]. - The profit attributable to the parent company was a loss of CNY 3,917,916.65, compared to a loss of CNY 49,777,391.47 in the previous year[66]. - The comprehensive income totalled CNY 20,594,690.17, contrasting with a comprehensive loss of CNY 45,379,400.15 in the prior year[66]. - The net profit for the third quarter was CNY 19,802,020.51, a significant recovery from a net loss of CNY 65,179,030.42 in the same period last year[66]. Assets and Liabilities - Total assets decreased by 8.37% to CNY 3,874,232,422.90 compared to the end of the previous year[9]. - The company's equity attributable to shareholders was CNY 1,210,914,652.71, down from CNY 1,326,828,920.73 in the previous year[57]. - Total liabilities decreased to CNY 2,100,171,546.09 from CNY 2,342,851,396.60 year-over-year[57]. - The company's current assets totaled CNY 1,304,459,650.68, down from CNY 1,572,608,558.58 at the end of 2018, indicating a decrease of about 17.06%[55]. - Cash and cash equivalents decreased significantly to CNY 124,891,603.61 from CNY 363,068,539.27, reflecting a decline of approximately 65.5%[54]. - The company's long-term borrowings decreased to CNY 176,041,466.64 from CNY 315,181,546.65 year-over-year[57]. - The total current liabilities were CNY 1,875,347,981.06, down from CNY 1,978,661,856.32 in the previous year[57]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 109,534,858.76, an increase of 135.77%[9]. - Cash flow from operating activities increased by 135.77% to RMB 109,534,858.76, compared to -RMB 306,197,277.55 in the same period last year[22]. - Total cash inflow from operating activities was ¥1,431,065,567.91, while cash outflow was ¥1,321,530,709.15, resulting in a net cash inflow of ¥109,534,858.76[81]. - The net cash flow from investing activities was -¥35,574,473.41, a decline from a positive cash flow of ¥40,826,287.83 in the previous year[82]. - The ending balance of cash and cash equivalents was ¥115,099,479.56, compared to ¥103,403,077.14 at the end of the previous year[82]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,895[13]. - The largest shareholder, Shenzhen Shangheng Guantong Investment Enterprise, held 10.99% of the shares, totaling 89,481,652 shares[13]. Government Subsidies and Financial Assistance - The company received government subsidies amounting to CNY 14,005,720.17, primarily from a subsidy for a struggling enterprise[10]. Legal and Regulatory Issues - The company’s stock has been under risk warnings due to financial irregularities and disputes with its largest shareholder, Hengyang Beef Industry[36]. - The company has been listed as a dishonest debtor due to disputes over loans, affecting its executives' ability to consume freely[37]. - The company is actively pursuing claims against Hengyang Beef Industry to recover funds, which will be used to pay corporate income tax and settle external borrowings.[35]. Operational Challenges - The company’s inventory decreased by 53.17% to ¥77,163,346.19, primarily due to reduced sales in food and coal[27]. - The yacht industry contributed a net profit of -RMB 45.64 million, a decrease of 109.19% compared to the previous year[21]. - The net profit contribution from the food trading business was -RMB 8,077.88 million, a decrease of RMB 6,457.09 million year-on-year[20]. Future Plans and Strategies - The company plans to establish a restructuring fund with a target size of CNY 3 billion to address the financial issues related to Hengyang Cattle Industry[50]. - The company aims to complete negotiations for the restructuring fund by November 2019, which will prioritize repaying debts owed by Hengyang Cattle Industry[50].

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥673.81 million, a decrease of 27.02% compared to ¥923.34 million in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥84.12 million, a decline of 354.78% compared to a profit of ¥33.02 million in the same period last year[17]. - The basic earnings per share for the reporting period was -¥0.1033, compared to ¥0.0406 in the same period last year, reflecting a decline of 354.43%[17]. - The net profit for the period was -2.48 million RMB, a decline of 118.14% year-on-year, contributing a loss of 1.27 million RMB to the company[36]. - The company reported a significant decrease in total profit contributions from minority shareholders, down 56.95% year-on-year, due to reduced profits from the nine group[41]. - The company reported a net loss of ¥335.28 million in undistributed profits, representing -8.80% of total assets, a significant decline from the previous year's profit of ¥685.02 million[47]. - The company reported a net profit loss in the first half of 2019, with significant uncertainties regarding its ongoing operations due to frozen bank accounts and unpaid debts[75]. - The company reported a total of 12,177.25 million yuan in daily related transactions for the reporting period[112]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥41.94 million, an increase of 119.23% compared to a negative cash flow of ¥218.08 million in the same period last year[17]. - The company's operating cash flow improved by 119.23% year-on-year, reaching 41.94 million RMB, primarily due to reduced prepayments and increased coal prepayments[40]. - Cash and cash equivalents decreased to ¥86.27 million, accounting for 2.26% of total assets, down from 10.47% in the previous year, primarily due to loan repayments and non-operational fund outflows[47]. - The company reported a significant increase in financial expenses, totaling CNY 39.48 million in the first half of 2019, compared to CNY 28.28 million in the same period of 2018[189]. - The company reported a total of 3,345.09 million yuan in a legal dispute regarding asset seizure involving a natural person shareholder[86]. - The company has outstanding loans totaling 4.92 million yuan and 850,000 yuan from two separate borrowings, which remain unpaid as of the report date[100]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.81 billion, a decrease of 9.85% from ¥4.23 billion at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were approximately ¥1.21 billion, down 8.83% from ¥1.33 billion at the end of the previous year[17]. - The company's total liabilities decreased to CNY 2.07 billion in the first half of 2019 from CNY 2.34 billion in the same period of 2018[186]. - The company's current assets totaled RMB 1,227,714,267.89, down from RMB 1,572,608,558.58 at the end of 2018, indicating a decline of approximately 22%[179]. - The company has a total of 10,200,000 RMB in guarantees with Hebei Jinfeng Group, with 6,732,000 RMB remaining[136]. Operational Challenges - The company is currently under investigation and rectification due to violations related to guarantees for the largest shareholder and related parties[4]. - The company is facing financial difficulties, including overdue loans and legal disputes, leading to frozen bank accounts and assets[35]. - The company is facing operational risks related to safety in coal mining, which could impact production and development if not managed properly[62]. - The company is involved in multiple legal disputes, including a significant case with a claim amount raised to 77.67 million yuan[82]. - The company has faced multiple legal issues leading to the freezing of various bank accounts and properties, impacting its financial stability[75]. Regulatory and Compliance Issues - The company has committed to improving internal control systems to mitigate governance risks following past compliance issues[63]. - The company has received an administrative sanction from the Hainan Securities Regulatory Bureau, which included a directive to rectify issues related to non-compliance with regulations[92]. - The company has acknowledged the existence of new violations regarding guarantees provided to related parties, which are under review[121]. - The company was ordered to correct its actions and submit a written rectification report to the Hainan Securities Regulatory Bureau within 30 days of receiving the decision[91]. - The company is under investigation for suspected violations of information disclosure laws, with no conclusion reached yet[91]. Business Operations and Investments - The company has established a traceability system for beef imported from Uruguay, which has passed stringent international inspections, providing a competitive edge in the import trade[32]. - The company has ongoing investments in long-term equity, amounting to CNY 1.39 billion, indicating a commitment to strategic growth[184]. - The company is actively pursuing a resolution for a shareholder dispute, with a 90-day self-settlement period initiated from August 19, 2019[95]. - The company is in communication regarding the third round of equity acquisition of Simpson Yacht Group, which was expected to be completed in 2018[148]. - The company has established an investigation task force composed of external and independent directors to thoroughly investigate any illegal activities within the company[129].

Financial Performance - The company's operating revenue for 2018 was ¥1,588,519,062.71, a decrease of 0.91% compared to ¥1,603,168,965.16 in 2017[19]. - The net profit attributable to shareholders was -¥878,214,551.22, representing a significant decline of 4,205.25% from ¥21,392,486.12 in the previous year[19]. - The net cash flow from operating activities was -¥316,994,086.27, a decrease of 287.07% compared to ¥169,455,600.87 in 2017[20]. - The total assets at the end of 2018 were ¥4,228,197,978.70, down 18.36% from ¥5,179,075,656.13 at the end of 2017[20]. - The net assets attributable to shareholders decreased by 39.18% to ¥1,326,828,920.73 from ¥2,181,610,892.57 in 2017[20]. - The company reported a basic earnings per share of -¥1.0788, a decline of 4,201.90% from ¥0.0263 in 2017[20]. - The company reported a net profit of -48,294,726.87 yuan for the fiscal year 2018, resulting in a total distributable profit of 691,042,921.66 yuan, which will be carried forward without any dividend distribution[130]. - The company reported a total revenue of 3,000 million CNY for the year 2018, reflecting a year-on-year increase of 15%[162]. - The net profit attributable to shareholders was 400 million CNY, representing a growth of 10% compared to the previous year[163]. Business Strategy and Operations - The company has transitioned its main business focus to the food industry, coal mining, and logistics transportation since 2016, following the acquisition of Uruguayan beef assets[17]. - The company's main business revenue has shifted from coal mining to the food industry, reflecting a strategic pivot in operations[17]. - The company operates in the beef food, coal, and logistics industries, with significant operations in beef import and trade from Argentina and Uruguay[29]. - The company aims to establish a complete supply chain from overseas beef sourcing to domestic processing, enhancing its competitive edge in the beef market[104]. - The company plans to enhance its internal control system and strengthen fund management to prevent future fund occupation by major shareholders[54]. - The company aims to ensure positive operating cash flow and address funding issues as a core focus for 2019[110]. - The company is focusing on enhancing supply chain logistics and developing cold chain logistics services[109]. - The company plans to invest a total of 1.23 billion yuan in 2019, primarily for food import trade, mine construction, and debt repayment[114]. Legal and Compliance Issues - The company faced significant internal control deficiencies, as indicated by the negative opinion in the internal control audit report[5]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[54]. - The company is actively investigating potential violations of laws and regulations related to fund occupation and guarantees by major shareholders[153]. - The company received a non-standard audit report from Lixin Accounting Firm for the 2018 financial statements, indicating unresolved issues[154]. - The company has ongoing litigation related to a traffic accident, with a court ruling that the insurance company must cover CNY 20,000 in damages[161]. - The company is currently involved in multiple legal disputes, with some cases still in progress and others resolved[160][161]. Debt and Financial Obligations - The company faced a significant financial challenge with debts totaling ¥9.51 billion due within one year, leading to negative operating capital[54]. - The company has outstanding debts totaling 20 million CNY, with 5 million CNY remaining unpaid as of the report date[177]. - The company borrowed 10 million CNY from Chen Jianjun, with 1 million CNY in interest and penalties due by January 31, 2019, and 500,000 CNY remains unpaid as of the report date[178]. - The company has an outstanding loan of 10 million CNY from Shanghai Hefu Industrial Co., Ltd., with 8.5 million CNY remaining unpaid as of the report date[179]. - The company has a total of 30 million CNY in commercial acceptance bills that have not been paid as of the report date[181]. Related Party Transactions - The total amount of related party transactions executed during the reporting period was approximately 48,000,000 RMB, aligning closely with the company's forecasts[188]. - The company engaged in significant related party transactions with its wholly-owned subsidiary, resulting in a transaction amount of 9,955,200 RMB, representing 39.93% of similar transaction amounts[186]. - The company has maintained a competitive pricing strategy, ensuring that transaction prices are comparable to market rates[187]. - The company’s related party transactions are conducted based on market principles and do not harm the interests of the company or other non-related parties[195]. Market and Industry Trends - In 2018, China's beef imports reached 1.039 million tons, a year-on-year increase of 21.12%[31]. - The total social logistics volume in China for 2018 was 283.1 trillion yuan, growing by 6.4% compared to the previous year[32]. - The coal production in China for 2018 was 3.55 billion tons, with a year-on-year growth of 5.2%[32]. - The beef industry in China is expected to see continuous growth in consumption, with the potential for the market to double if per capita consumption reaches the global average of 10 kg[102]. - The coal industry faces challenges with declining demand and overcapacity, but the company has a market advantage with its specific coal type (long flame coal)[106]. Investment and Asset Management - The company completed the transfer of stakes in several non-core assets, recovering CNY 257 million in funds[51]. - The company has committed to invest no less than CNY 2 billion in large-scale coal chemical projects within three years after acquiring state-owned equity[132]. - The company sold its 51% stake in Tianjin Electric Vehicle Co., resulting in a disposal gain of RMB 3.5927 million[190]. - The company aims to exit the electric vehicle industry to recover funds for its operations[190]. Governance and Shareholder Relations - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy, ensuring a robust governance framework[124]. - The company has committed to ensuring that any related party transactions are conducted at fair market prices and disclosed in a timely manner[134]. - The company has pledged to not engage in any activities that could harm its interests or those of its shareholders[136]. - The company has maintained a good credit status, with no major civil lawsuits or administrative penalties related to the securities market in the last five years[138].

Financial Performance - The company's operating revenue for 2018 was ¥1,588,519,062.71, a decrease of 0.91% compared to ¥1,603,168,965.16 in 2017 [21]. - The net profit attributable to shareholders was -¥878,214,551.22 in 2018, a significant decline of 4,205.25% from ¥21,392,486.12 in 2017 [21]. - The net cash flow from operating activities was -¥316,994,086.27, representing a decrease of 287.07% compared to ¥169,455,600.87 in 2017 [22]. - The total assets at the end of 2018 were ¥4,228,197,978.70, down 18.36% from ¥5,179,075,656.13 at the end of 2017 [22]. - The net assets attributable to shareholders decreased by 39.18% to ¥1,326,828,920.73 at the end of 2018 from ¥2,181,610,892.57 at the end of 2017 [22]. - The basic earnings per share for 2018 was -¥1.0788, a decline of 4,201.90% from ¥0.0263 in 2017 [22]. - The weighted average return on equity was -50.06% in 2018, down from 0.97% in 2017 [22]. - The company reported a non-operating income of ¥10,172.14 for 2018, significantly lower than ¥130,898,238.90 in 2017 [28]. - The company reported a net profit of -48.29 million RMB for 2018, leading to a proposed profit distribution plan of no dividends or capital increase [130]. Shareholder and Dividend Information - The company reported a cash dividend of 0.00 RMB per 10 shares, with no bonus shares distributed, based on a total of 814,064,000 shares [7]. - The company has not provided a profit distribution plan involving capital reserves for share capital increase [7]. - The company’s total cash dividend (including other methods) for 2018 was 0 CNY, which constitutes 0% of the total distributable profit [133]. - The company’s profit distribution plan for 2018 includes no cash dividends or capital reserve transfers, with profits carried forward to the next year [134]. - The company’s total cash dividends in 2017 were 21,392,486.12 CNY, with no dividends proposed for 2018 despite a positive profit allocation [132]. Business Operations and Strategy - The company underwent a strategic shift in its main business focus from coal mining to the food industry starting in 2016 [21]. - The company completed the acquisition of Uruguayan beef assets in 2017, expanding its food industry revenue [21]. - The company is actively exploring new channels for beef trade to mitigate risks associated with its current operations [52]. - The company plans to focus on brand development and complete industry chain competition in the beef sector, aligning with national policies supporting the industry [105]. - The company aims to establish a complete supply chain from overseas beef sourcing to domestic processing, but faces significant challenges due to financial difficulties with its partner, Hengyang Beef Industry [106]. Legal and Compliance Issues - The audit report issued by Lixin Certified Public Accountants indicated an inability to express an opinion due to significant internal control deficiencies [5]. - The company acknowledged the existence of illegal guarantees and fund occupation involving the largest shareholder and its affiliates [4]. - The company has implemented measures to enhance internal controls and prevent fund misappropriation by major shareholders and related parties [56]. - The independent auditor issued a non-standard audit report for the 2018 financial statements, which the board and supervisory board addressed [158]. - The company is currently investigating the non-operating fund occupation and will take legal action against any violations of laws [157]. Debt and Financial Obligations - The company has a total funding requirement of 1.23 billion RMB for 2019, primarily for food import trade (180 million RMB), mine construction (100 million RMB), and bank loan repayments (950 million RMB) [118]. - The company has outstanding debts totaling 20 million RMB, with 5 million RMB remaining unpaid as of the report date [181]. - The company has not repaid a loan of 10 million RMB from Chen Jianjun, with 5 million RMB still outstanding as of the report date [182]. - The company has an unpaid loan of 10 million RMB from Shanghai Hefu Industrial Co., with 1 million RMB still outstanding as of the report date [183]. - The company has a frozen asset valued at 30 million CNY located in Wuqing District, Tianjin, due to legal disputes [174]. Market and Industry Trends - In 2018, China's beef imports reached 1.039 million tons, a year-on-year increase of 21.12%, with projections indicating imports could rise to 1.8 to 2 million tons by 2024 [33]. - The overall market outlook for the beef industry remains positive, driven by rising income levels and changing dietary preferences among consumers [105]. - The demand for mid-to-high-end beef products is expected to increase significantly, with the market share of low-end beef continuing to decline, presenting a major opportunity for companies engaged in high-quality beef production [106]. - The coal industry is experiencing a decline in consumption, with coal production and sales expected to decrease by 5.1% and 3.5% respectively in 2019, resulting in a total coal production target of 2.97 million tons [115]. Internal Control and Governance - The company has committed to minimizing and regulating related party transactions, ensuring compliance with market principles and fair pricing [138]. - The company has established a decision-making process for related party transactions to protect the interests of the company and its shareholders [138]. - The company has committed to adhering to legal and regulatory requirements in all related transactions, ensuring transparency and fairness [138]. - The company has emphasized the importance of fair market pricing in all transactions to prevent any potential conflicts of interest [138]. - The company is focused on maintaining compliance with its commitments to avoid any losses that may arise from violations of these commitments [138].

Financial Performance - The company's operating revenue for Q1 2019 was ¥321,874,035.90, a decrease of 23.22% compared to ¥419,193,402.16 in the same period last year[8] - The net profit attributable to shareholders of the listed company was -¥31,412,565.29, representing a decline of 272.24% from ¥18,237,847.85 in the previous year[8] - The basic earnings per share were -¥0.0386, down 272.32% from ¥0.0224 in the previous year[8] - Revenue for Q1 2019 was RMB 321.87 million, a decrease of 23.22% compared to RMB 419.19 million in Q1 2018[16] - Operating profit for Q1 2019 was RMB -24.36 million, a decline of 172.82% from RMB 33.45 million in Q1 2018[16] - The company's net loss for Q1 2019 was CNY 23,105,586.16, compared to a profit in the same period last year[55] - The total profit before tax was -22,925,524.18, compared to 33,248,114.33 in the previous year[57] - The comprehensive income totalled -33,313,757.56, compared to 35,692,194.39 in the previous year[58] Cash Flow - The net cash flow from operating activities was -¥9,132,012.84, a decrease of 207.13% compared to ¥8,523,847.59 in the same period last year[8] - Cash flow from operating activities for Q1 2019 was RMB -9.13 million, a decrease of 207.13% compared to RMB 8.52 million in Q1 2018[20] - Cash flow from financing activities showed a net outflow of RMB -122.84 million in Q1 2019, a 27.01% improvement from RMB -168.31 million in Q1 2018[20] - The net cash flow from financing activities was -122,842,176.29 CNY, compared to -168,307,392.07 CNY in the previous year, indicating a reduced outflow[66] - The cash flow from operating activities showed a net inflow of 5,540,425.88 CNY for the current period, contrasting with a net outflow of -41,477,474.78 CNY in the previous year[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,032,623,759.36, a decrease of 4.63% from ¥4,228,197,978.70 at the end of the previous year[8] - The net assets attributable to shareholders of the listed company were ¥1,286,760,043.67, down 3.02% from ¥1,326,828,920.73 at the end of the previous year[8] - Total liabilities decreased to CNY 513,647,772.85 in Q1 2019 from CNY 530,580,058.42 in the previous quarter[53] - The company's total equity as of March 31, 2019, was CNY 1,928,813,872.25, down from CNY 1,936,833,706.68 at the end of 2018[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 93,534[12] - The largest shareholder, Shenzhen Shangheng Guantong Investment Enterprise, held 10.99% of the shares, totaling 89,481,652 shares[12] Government Support and Guarantees - The company received government subsidies amounting to ¥2,720,060.24 during the reporting period[9] - The total amount of guarantees provided by the company reached 31,622.7 million, accounting for 23.84% of the latest audited net assets[36] - The company has acknowledged the existence of external guarantees, which may pose risks[34] Operational Challenges - The company reported no significant new product developments or market expansion strategies during the quarter[15] - The company has frozen bank accounts and assets, impacting its credit status and operational management, with a total of 13.26万元 frozen due to violations of guarantees[26] - The company is actively negotiating repayment plans with creditors and is exploring asset disposals and financing options to raise funds[26] - The company has reported a potential significant change in net profit for the period from January to June 2019, indicating possible losses compared to the previous year[30] Inventory and Receivables - The cash and cash equivalents decreased by 69.09% to RMB 112.24 million at the end of Q1 2019 from RMB 363.07 million at the beginning of the year[24] - The company has a receivable amount of 134,458.38 million, which is greater than the sales-generated receivables[39] - Inventory rose to CNY 172.94 million from CNY 164.77 million, indicating an increase of approximately 4.0%[46] Future Plans - The company plans to focus on cost control and efficiency improvements in the upcoming quarters[55] - The company is exploring new market opportunities and potential acquisitions to drive future growth[55] - The board plans to conduct due diligence on Hengyang Cattle Industry and develop a repayment plan within three months[40]

新大洲控股股份有限公司 2019 年第一季度报告全文 公司董事会、监事会及全体董事、监事、高级管理人员声明：鉴于经公司 自查及审计发现，公司存在为第一大股东及其关联方违规担保和被资金占用的 情形，立信会计师事务所（特殊普通合伙）出具无法表示意见的《审计报告及 财务报表 2018 年度》和否定意见的《内部控制审计报告 2018 年 12 月 31 日》， 根据《证券法》第六十八条的要求，本人作为新大洲控股股份有限公司的董事、 监事、高级管理人员，对公司 2019 年第一季度报告中披露的存在为第一大股东 及其关联方违规担保和被资金占用的内容无法保证内容真实、准确、完整，对 其他内容保证内容真实、准确、完整，不存在任何虚假记载、误导性陈述或者 重大遗漏。请投资者特别注意。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 陈敏 | 董事 | 公务原因 | 孙鲁宁 | | 周清杰 | 独立董事 | 公务原因 | 徐家力 | 新大洲控股股份有限公司 2019 年第 ...