Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-over-year increase of 10%[116]. - The company's operating revenue for 2020 was CNY 925,887,373.42, representing a 1.43% increase compared to the previous year[19]. - The net profit attributable to shareholders for 2020 was CNY 23,949,421.87, a decrease of 6.31% from the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 18,108,081.38, down 23.89% year-on-year[19]. - The net cash flow from operating activities increased by 37.35% to CNY 155,287,888.45 in 2020[19]. - Total assets at the end of 2020 were CNY 3,254,007,193, reflecting a 5.82% increase from the previous year[20]. - The net assets attributable to shareholders increased by 11.67% to CNY 1,618,607,350 at the end of 2020[20]. - The company reported a quarterly revenue of CNY 273,454,140.76 in Q4 2020, the highest among the four quarters[24]. - The net profit attributable to shareholders in Q4 2020 was CNY 14,442,639.93, showing a significant recovery from a loss in Q3[24]. Business Operations - The company operates in four main business sectors: tobacco supporting industry, education industry, real estate, and medical care industry[28]. - The education sector has over 11,000 enrolled students, positioning the company among the top institutions in Shaanxi province[31]. - The tobacco supporting industry accounted for 68.04% of total revenue, with a revenue increase of 4.08% to CNY 629.98 million[45]. - The education sector saw a revenue increase of 13.50% to CNY 219.83 million, representing 23.74% of total revenue[45]. - The company has not disclosed any new product or technology developments in the provided documents[1]. Strategic Plans - The company aims for the education sector to account for over 50% of its revenue by 2023, as part of its three-pronged strategy focusing on tobacco support, education enhancement, and healthcare development[91]. - The company plans to enhance its market share in the tobacco support industry by expanding into new markets and businesses[93]. - The company will continue to develop its education brand, "Mingde Education," and improve its reputation and influence[92]. - The company anticipates pressure on its cigarette label printing business due to stricter environmental policies and industry challenges[93]. - The company will focus on increasing product diversity and pushing for the industrialization of new materials and products in its tobacco-related businesses[93]. Risk Management - The company emphasizes the importance of risk management and has detailed potential risks and countermeasures in the annual report[7]. - Concerns were raised by board members regarding the compliance of the annual report submission and the completeness of external investment risk analysis[4]. Corporate Governance - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[8]. - The company has committed to fulfilling all promises made by shareholders and related parties during the reporting period[105]. - The company guarantees that its controlled enterprises will not engage in any activities that could harm the interests of the listed company[113]. - The company will take appropriate measures to resolve any potential conflicts of interest that may arise from its controlled enterprises[112]. Legal and Compliance - The company has not engaged in any securities or derivative investments during the reporting period[80][81]. - The company has not reported any significant accounting errors requiring restatement during the reporting period[144]. - The company has not received a non-standard audit report for the reporting period[143]. - The company has no significant penalties or rectifications during the reporting period[151]. Social Responsibility - The company donated over 600,000 RMB to support pandemic relief efforts during the COVID-19 outbreak[172]. - The company’s subsidiary, Mingde College, is actively involved in poverty alleviation efforts in Ganquan County, Yanan City, through educational initiatives[172]. - The company invested a total of 801.03 million yuan in poverty alleviation efforts[175]. - A total of 118 registered impoverished individuals were helped to escape poverty[175]. Subsidiaries and Investments - The company established two new subsidiaries in 2020: Shenzhen Ruifeng New Materials Technology Group Co., Ltd. and Shaanxi Mingde Urban Construction Education Technology Co., Ltd.[145]. - The company transferred 100% equity of Wanyuan Packaging to its wholly-owned subsidiary Ruifeng Technology for a nominal price of RMB 1[188]. - The company has pledged its 83.80% equity in Ruifeng Printing to Western Advantage Capital for a loan of CNY 150 million[134]. Market Presence - User data indicated a growth in active users by 15%, reaching a total of 2 million users by the end of 2020[117]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[120].

Revenue and Profitability - Revenue for Q1 2021 was CNY 243,138,202.09, representing a 37.48% increase compared to CNY 176,847,615.67 in the same period last year[8] - Net profit attributable to shareholders decreased by 39.14% to CNY 889,683.45 from CNY 1,461,846.81 year-on-year[8] - Net profit after deducting non-recurring gains and losses was CNY -492,885.96, a decline of 130.23% compared to CNY 1,630,671.07 in the previous year[8] - Basic and diluted earnings per share decreased by 36.84% to CNY 0.0012 from CNY 0.0019 year-on-year[8] - Total comprehensive income for the period was CNY 1,183,360.75, compared to CNY 1,221,773.72 in the previous period[41] - Net profit attributable to the parent company was CNY 889,683.45, down from CNY 1,461,846.81 year-on-year[41] Cash Flow and Liquidity - Operating cash flow for the period was CNY -96,144,290.24, worsening by 77.65% from CNY -58,420,328.60 in the same period last year[8] - Cash and cash equivalents decreased to CNY 153,699,128.58 from CNY 242,069,096.77, representing a decline of approximately 36.66%[30] - The company's cash and cash equivalents decreased by CNY 88.37 million, a decline of 36.51%, mainly due to increased payments for deposits, education service fees, and receivables[15] - Cash received from operating activities increased by CNY 25.11 million, a growth of 556.61%, mainly due to increases in receivables, bid deposits, and government subsidies[15] - Net cash flow from operating activities was CNY -96,144,290.24, worsening from CNY -58,420,328.60 year-on-year[48] - Cash inflow from financing activities was CNY 180,753,780.46, compared to CNY 135,100,000.00 in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,300,204,291.02, an increase of 1.42% from CNY 3,254,007,193.07 at the end of the previous year[8] - The company's total liabilities were CNY 1,633,992,554.10, up from CNY 1,588,978,816.90, reflecting an increase of about 2.83%[32] - The company's current assets totaled CNY 904,997,906.99, compared to CNY 869,259,213.21 at the end of 2020, indicating an increase of about 4.83%[30] - Short-term borrowings decreased to CNY 491,041,157.52 from CNY 614,788,664.89, a reduction of approximately 20.09%[32] - Long-term borrowings increased to CNY 254,841,879.26 from CNY 205,210,229.76, representing an increase of about 23.99%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,271[11] - The top shareholder, Wanyu Cultural Industry Co., Ltd., held 13.91% of the shares, amounting to 106,910,140 shares[11] - Net assets attributable to shareholders increased slightly by 0.05% to CNY 1,619,497,033.55 from CNY 1,618,607,350.10 at the end of the previous year[8] - The company's total equity attributable to shareholders was CNY 1,619,497,033.55, slightly up from CNY 1,618,607,350.10[36] Operating Performance - Operating revenue increased by CNY 66.29 million, a growth of 37.48%, primarily driven by increased income from the tobacco-related segment[15] - Operating costs rose by CNY 52.72 million, an increase of 43.83%, attributed to higher sales leading to increased costs[15] - The total operating costs for Q1 2021 amounted to CNY 238,399,664.97, up from CNY 171,361,853.59 in the previous period[39] - Operating profit was reported at CNY -9,699,304.86, an improvement from CNY -11,424,770.20 in the previous period[44] Investments and Subsidiaries - The company completed the transfer of 99% equity of Jin Ye Yu Yang to its wholly-owned subsidiary, Ruifeng Technology, for CNY 87.13 million[18] - The company established two wholly-owned subsidiaries with registered capital of CNY 10 million and CNY 5 million, respectively, funded by self-raised or self-owned funds[18] - The company acquired 51% of the equity of Elephant Space Engineering, increasing its registered capital from CNY 5 million to CNY 10.2 million[18] Other Financial Metrics - Research and development expenses increased by CNY 4.09 million, a growth of 77.99%, due to increased investment in R&D[15] - The company received government subsidies, resulting in other income increasing by CNY 1.18 million, a growth of 474.66%[15] - The company did not require adjustments to the beginning balance sheet items due to the new leasing standards implemented from January 1, 2021[54] - The first quarter report was not audited[55]

公司董事局、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局会议。 公司负责人袁汉源、主管会计工作负责人袁汉源及会计机构负责人(会计主 管人员)谢博声明：保证季度报告中财务报表的真实、准确、完整。 陕西金叶科教集团股份有限公司 2020 年第三季度报告全文 陕西金叶科教集团股份有限公司 2020 年第三季度报告 2020 年 10 月 1 陕西金叶科教集团股份有限公司 2020 年第三季度报告全文 第一节 重要提示 2 陕西金叶科教集团股份有限公司 2020 年第三季度报告全文 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 追溯调整或重述原因 会计政策变更 | | 本报告期末 | | 上年度末 | | | | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 末增减 | | | | | | 调整前 | ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥423,932,651.37, representing a 7.32% increase compared to ¥395,017,851.70 in the same period last year[16]. - The net profit attributable to shareholders was ¥12,255,828.07, a significant turnaround from a loss of ¥2,913,906.46 in the previous year, marking a 520.60% increase[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,910,741.53, compared to a loss of ¥5,452,326.37 in the same period last year, reflecting a 190.07% improvement[16]. - The basic earnings per share increased to ¥0.0159 from a loss of ¥0.0038, representing a 518.42% increase[16]. - The total operating revenue for the reporting period was CNY 423,932,651.37, representing a year-on-year increase of 7.32% compared to CNY 395,017,851.70 in the same period last year[38]. - The company reported a net increase in cash and cash equivalents of CNY -79,735,057.10, a significant decrease compared to CNY -8,827,094.20 in the previous year[36]. - The company reported a total revenue of 1,303,801 for the first half of 2020, with a net profit of -1,060,283, indicating a significant loss compared to the previous period[57]. - The company reported a total revenue of 203,377,047 from its subsidiary Hubei Jinye Yuhua Fiber Co., Ltd., with a net profit of -3,207,216, reflecting ongoing operational difficulties[57]. - The company reported a total contract value of 30 million yuan related to the West City Construction Vocational College as of April 2020[90]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,021,341,991.99, a decrease of 1.75% from ¥2,994,144,485.99 at the end of the previous year[16]. - The company's total liabilities decreased by 1.12% to CNY 140,260,002.90 from CNY 152,558,782.84 in the previous year[43]. - The company's short-term loans increased by 20.98% to CNY 633,900,000 compared to CNY 496,406,145 in the previous period[1]. - Long-term loans rose by 9.99% to CNY 301,833,689, primarily due to increased bank borrowings by the subsidiary Mingde College[1]. - The company reported a significant decrease in investment, with total investments dropping to CNY 0 from CNY 51,073,710.91 in the previous year, marking a -100.00% change[1]. - The total assets of the subsidiary Shaanxi Jinye Printing reached CNY 408,652,810, with a net profit of CNY 10,705,703.28[1]. - The company's total liabilities as of the end of the first half of 2020 amounted to CNY 988,139,858.61, compared to CNY 941,114,835.83 at the end of the first half of 2019[136]. - Total equity increased to CNY 1,135,879,841.36 in the first half of 2020, up from CNY 1,128,499,751.99 in the same period last year[136]. Cash Flow - The net cash flow from operating activities was -¥137,302,433.65, worsening by 44.76% compared to -¥94,849,886.46 in the previous year[16]. - Cash inflow from operating activities was CNY 326,220,827.76, down from CNY 365,189,357.92 in the first half of 2019, representing a decline of approximately 10.5%[146]. - The net cash flow from financing activities was CNY 103,367,611.99, a decrease from CNY 316,374,143.61 in the previous year[148]. - The company paid CNY 226,664,057.26 in debt repayments, which is significantly higher than CNY 92,220,659.96 in the first half of 2019[148]. Subsidiaries and Business Segments - The tobacco supporting industry generated main business revenue of CNY 297.22 million, up 18.75% year-on-year, with net profit attributable to the parent company increasing by 70.61% to CNY 26.78 million[31]. - The education industry reported main business revenue of CNY 108.33 million, a slight increase of 2.46%, but net profit decreased by 60.03% to CNY 3.94 million due to the impact of the pandemic[32]. - The real estate sector saw a revenue of CNY 12.91 million, down 5.31% year-on-year, with net profit dropping by 99.62% to CNY 0.00093 million[33]. - The company launched a new subsidiary, Ruifeng Technology, to enhance the scale and efficiency of its tobacco supporting industry[31]. - The company’s subsidiary Xi'an Mingde Institute of Technology achieved revenue of 939,176,636, with a net profit of 18,374,639, contributing positively to the overall performance[57]. Research and Development - Research and development expenses increased by 22.27% to CNY 13,464,406.06 from CNY 11,012,048.98 in the previous year[36]. - The company plans to enhance its R&D capabilities and expand into high-end markets for new materials and products, particularly in the special filter and shaped filter segments[59]. - The company filed for 1 invention patent and 6 utility model patents during the reporting period, indicating ongoing innovation efforts[28]. Environmental and Social Responsibility - The company is involved in environmental protection and is listed as a key pollutant discharge unit by the Kunming Environmental Protection Bureau[91]. - The company has implemented pollution control facilities, including molecular sieve adsorption and thermal oxidation treatment equipment, which are operating normally[92]. - The company has committed over 150,000 yuan to support poverty alleviation products from the assistance county[99]. - The company is actively participating in various poverty alleviation activities, including educational and cultural support in Ganquan County[98]. - The company has established a partnership with local schools to discuss talent cultivation related to poverty alleviation efforts[98]. Legal and Compliance - The company has not experienced any bankruptcy restructuring events during the reporting period, maintaining operational stability[66]. - The company has no significant litigation or arbitration matters during the reporting period[67]. - The company filed a lawsuit against Inner Mongolia Aerospace Pipeline Installation Engineering Co., Ltd. for a total amount of 40.68 million yuan, which includes a principal of 18 million yuan and interest of 22.68 million yuan[67]. - The company executed daily operational related transactions amounting to 112.1291 million yuan during the reporting period[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 45,740[110]. - The largest shareholder, Wanyou Cultural Industry Co., Ltd., holds 13.91% of the shares, totaling 106,910,140 shares, with a decrease of 4,576,718 shares during the reporting period[110]. - The company has not undergone any changes in its controlling shareholder during the reporting period[112]. - The company does not have any preferred shares or convertible bonds as of the reporting period[116][119]. Accounting Policies and Financial Reporting - The financial report for the first half of the year has not been audited[127]. - The financial statements are prepared in RMB, with the unit for the balance sheet being yuan[128]. - The company’s financial statements reflect its financial position, operating results, and cash flows accurately and completely[176]. - The company uses Renminbi as its accounting currency[179]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the end of the reporting period[174].

Financial Performance - The company's operating revenue for 2019 was ¥912,852,777.05, a decrease of 6.45% compared to ¥975,810,861.09 in 2018[13]. - The net profit attributable to shareholders for 2019 was ¥25,562,870.57, representing a 14.41% increase from ¥22,343,513.82 in 2018[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,790,937.66, up 19.70% from ¥19,875,352.61 in 2018[13]. - The net cash flow from operating activities decreased by 17.01% to ¥113,059,514.26 from ¥136,231,555.33 in 2018[13]. - The total assets at the end of 2019 were ¥2,994,144,485.99, an increase of 14.91% from ¥2,605,661,984.14 at the end of 2018[13]. - The net assets attributable to shareholders at the end of 2019 were ¥1,386,106,670.20, a slight increase of 1.88% from ¥1,360,543,799.63 at the end of 2018[13]. - The basic earnings per share for 2019 was ¥0.0333, up 14.43% from ¥0.0291 in 2018[13]. - The diluted earnings per share for 2019 was also ¥0.0333, reflecting the same growth of 14.43% from ¥0.0291 in 2018[13]. - The weighted average return on equity for 2019 was 1.86%, an increase of 0.22% from 1.64% in 2018[13]. Revenue Breakdown - The tobacco supporting industry accounted for ¥605,275,081.87, representing 66.31% of total revenue, with a slight decrease of 0.80% year-over-year[33]. - The education sector saw an increase in revenue to ¥193,679,358.70, up 16.78% from ¥165,853,394.30 in 2018, making up 21.22% of total revenue[33]. - Revenue from Yunnan province increased by 9.98% to ¥181,831,903.13, contributing 19.92% to total revenue[33]. Investments and Acquisitions - The company established Shenzhen Ruifeng New Materials Technology Group Co., Ltd. to integrate assets and expand the cigarette packaging and new materials industry[28]. - The company signed an investment framework agreement to acquire 51% of Shanxi Daren International Education Exchange Co., Ltd., aiming to enhance the scale of its education sector[29]. - The company invested in the construction of a new factory in Xi'an, completing the basic planning tasks[28]. - The company is developing a satellite and Beidou project, establishing a related course system, with the first phase nearly completed[49]. - The company approved an investment of RMB 100 million to acquire a 51% stake in Shanxi Daren International Education Exchange Co., Ltd. on June 26, 2019[172]. Operational Efficiency - The company plans to focus on expanding its education sector and improving operational efficiency in the tobacco supporting industry[36]. - The company aims to reduce operational costs by 5% through improved efficiency measures in the next fiscal year[97]. - The company is committed to integrating internal resources and expanding market reach to reduce production and management costs[78]. Research and Development - The company added 2 invention patents and 23 utility model patents during the reporting period, enhancing its competitive edge[25]. - R&D expenses rose by 10.97% to ¥27,800,322.68, with R&D personnel decreasing by 11.81% to 127, but their proportion of total employees increased to 13.70%[50]. - The company has committed to investing 200 million RMB in research and development for new technologies over the next three years[101]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.15 per 10 shares, totaling ¥1,153,039.92 based on a base of 768,692,614 shares[4]. - The company reported a net profit of RMB 14,762,000.96 available for distribution to ordinary shareholders in 2019[87]. - The company aims to enhance shareholder value by increasing dividends by 10% in the upcoming fiscal year[103]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[100]. - The company is exploring new business opportunities, including a tourism cigarette project in Thailand[80]. - A strategic acquisition of a local educational technology firm was completed, enhancing the company's technological capabilities and user engagement[96]. Compliance and Governance - The company has maintained compliance with all regulatory requirements, ensuring no legal issues that could impact operations[104]. - The company has confirmed that there are no trust, commission, or other similar arrangements regarding its equity in Ruifeng Printing, and it is not subject to any legal restrictions or forced measures[113]. - The company has committed to complying with national laws and regulations regarding competition and will not engage in any competitive activities with the listed company[94]. Social Responsibility - The company has invested a total of 646.18 million RMB in poverty alleviation efforts[169]. - A total of 124 registered poor individuals have been lifted out of poverty through the company's initiatives[169]. - The company has been recognized as a "2018 Social Poverty Alleviation Advanced Unit" by the Ganquan County government[168]. Environmental Compliance - The company has implemented a comprehensive environmental protection strategy, ensuring compliance with relevant laws and regulations[171]. - The company faced a fine of 100,000 RMB due to exceeding the national discharge standards for wastewater, which has since been resolved[171]. Legal Matters - The company faced a lawsuit involving a claim of RMB 40.68 million, which is not expected to impact the financial results for the reporting period[141]. - Another lawsuit involved a claim of RMB 2.48 million, which may have a certain impact on the financial results for the reporting period[142].

Financial Performance - The company's operating revenue for 2019 was ¥912,852,777.05, a decrease of 6.45% compared to ¥975,810,861.09 in 2018[13] - The net profit attributable to shareholders for 2019 was ¥25,562,870.57, an increase of 14.41% from ¥22,343,513.82 in 2018[13] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,790,937.66, up 19.70% from ¥19,875,352.61 in 2018[13] - The net cash flow from operating activities was ¥108,992,064.33, a decline of 19.99% compared to ¥136,231,555.33 in 2018[13] - The total assets at the end of 2019 were ¥2,994,144,485.99, an increase of 14.91% from ¥2,605,661,984.14 at the end of 2018[13] - The net assets attributable to shareholders at the end of 2019 were ¥1,386,106,670.20, a slight increase of 1.88% from ¥1,360,543,799.63 at the end of 2018[13] - The basic earnings per share for 2019 were ¥0.0333, an increase of 14.43% from ¥0.0291 in 2018[13] - The diluted earnings per share for 2019 were also ¥0.0333, reflecting the same growth of 14.43% from ¥0.0291 in 2018[13] - The weighted average return on equity for 2019 was 1.86%, up from 1.64% in 2018[13] Revenue Breakdown - The tobacco supporting industry accounted for ¥605,275,081.87, representing 66.31% of total revenue, with a slight decrease of 0.80% year-over-year[33] - The education sector saw an increase in revenue to ¥193,679,358.70, up 16.78% from ¥165,853,394.30 in 2018, contributing 21.22% to total revenue[33] - The revenue from the internet business was ¥30,739,472.01, accounting for 3.37% of total revenue, with a slight decrease of 1.70% year-over-year[33] - The company experienced a 51.82% decline in trade revenue, which fell to ¥14,876,620.79 from ¥30,874,499.26 in 2018[33] - The company’s revenue from Yunnan province increased by 9.98% to ¥181,831,903.13, contributing 19.92% to total revenue[33] Investment and Expansion - The company invested in establishing Shenzhen Ruifeng New Materials Technology Group Co., Ltd. to integrate assets and expand the cigarette packaging and new materials industry[28] - The company signed an investment framework agreement to acquire 51% of Shanxi Daren International Education Exchange Co., Ltd., aiming to enhance the scale of its education sector[29] - The company achieved a net increase in cash and cash equivalents of ¥137,223,286.32, reversing a previous year's decrease[51] - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[68] - The company aims to increase the education sector's revenue share to over 50% by 2023, focusing on a three-pronged strategy of consolidating tobacco support, enhancing education, and developing healthcare[74] Cost and Expenses - In 2019, the cost of raw materials for the tobacco supporting industry was 271,106,618.78 CNY, accounting for 46.07% of the operating costs, showing a year-on-year increase of 5.91%[40] - Sales expenses increased by 8.88% to ¥59,510,642.88, while financial expenses surged by 60.15% to ¥37,362,504.59 due to increased bank loan interest[45] - R&D expenses amounted to ¥27,800,322.68, reflecting a 10.97% increase compared to the previous year[45] Corporate Governance and Compliance - The company has committed to fulfilling all promises made during the equity restructuring process, with ongoing compliance noted[86] - The company has committed to extending the lock-up period for shares obtained through the transaction for at least 6 months if the stock price falls below the issuance price for 20 consecutive trading days[87] - The company will ensure that any potential competition from its subsidiaries will be resolved to protect the interests of the listed company[91] - The company will comply with national laws regarding competition and will not engage in any competing business activities with the listed company[92] - The company has maintained a clean record regarding tax compliance, with no significant penalties imposed by tax authorities since 2013[104] Legal and Regulatory Matters - There are no ongoing major lawsuits or arbitration cases that could significantly impact the company[105] - The company has not faced any administrative penalties or disciplinary actions from the China Securities Regulatory Commission or stock exchanges[107] - The company has not reported any significant accounting errors that require retrospective restatement during the reporting period[134] Social Responsibility and Community Engagement - Mingde College held 6 meetings to promote assistance work for Ganquan County, implementing a comprehensive support plan based on the "Eight Major Assistance" system[164] - A total of 646.18 thousand RMB was invested in poverty alleviation efforts, helping 124 registered impoverished individuals to escape poverty[166] - Mingde College was recognized as the "2018 Advanced Unit of Social Poverty Alleviation" by the Ganquan County People's Government[165] Shareholder Information - The total number of shares outstanding is 768,692,600, with 87.20% being unrestricted shares[175] - The largest shareholder, Wanyu Cultural Industry Co., Ltd., holds 14.50% of the shares, totaling 111,486,858 shares, which are currently pledged[178] - The actual controller of the company is a foreign natural person, with no changes in the controlling shareholder during the reporting period[180] Management and Leadership - The company has a diverse management team with extensive experience in various sectors, including finance and real estate[193][195] - The management team has a diverse background in production, finance, and technology, enhancing the company's operational capabilities[199][200] - The leadership team is actively involved in strategic decision-making to enhance operational efficiency and market competitiveness[200]

Financial Performance - The company's operating revenue for Q1 2020 was ¥176,847,615.67, a decrease of 18.31% compared to ¥216,491,076.69 in the same period last year[7] - Net profit attributable to shareholders was ¥1,461,846.81, down 7.52% from ¥1,580,715.00 year-on-year[7] - The net profit after deducting non-recurring gains and losses increased by 14.03% to ¥1,630,671.07 from ¥1,430,009.21 in the previous year[7] - Operating income decreased by CNY 0.30 million, a decline of 84.16%, due to fewer government subsidies unrelated to daily operations received this period[15] - Total operating revenue for Q1 2020 was CNY 627,235.51, compared to CNY 5,439,846.54 in the previous period[42] - Operating profit for Q1 2020 was CNY 3,560,796.54, down from CNY 5,279,567.85 year-over-year[39] - Net profit for Q1 2020 was CNY 1,221,773.72, a decrease from CNY 1,723,565.61 in the same period last year, representing a decline of approximately 29.1%[39] - Total comprehensive income for Q1 2020 was CNY 1,221,773.72, down from CNY 1,723,565.61 in the same period last year[40] Cash Flow and Liquidity - The net cash flow from operating activities improved by 24.92%, reaching -¥58,420,328.60 compared to -¥77,807,157.29 in the same period last year[7] - Cash inflow from operating activities for Q1 2020 was CNY 133,576,376.72, compared to CNY 181,174,057.33 in the previous period[46] - The net cash flow from operating activities was -58,420,328.60 CNY, compared to -77,807,157.29 CNY in the previous period, indicating an improvement[47] - Total cash and cash equivalents at the end of the period were 288,809,549.59 CNY, down from 325,644,793.37 CNY at the beginning of the period, reflecting a net decrease of 36,835,243.78 CNY[48] - The net cash flow from financing activities was 50,611,128.21 CNY, a decrease from 70,637,553.51 CNY in the previous period, showing a decline in financing efficiency[48] - Cash inflow from operating activities totaled 119,897,987.85 CNY, while cash outflow was 78,009,588.42 CNY, resulting in a net cash flow of 41,888,399.43 CNY[50] - The company reported a cash outflow of 14,282,000.00 CNY from investment activities, compared to 1,771,825.00 CNY in the previous period, indicating increased investment expenditures[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,987,776,728.84, a slight decrease of 0.21% from ¥2,994,144,485.99 at the end of the previous year[7] - Current liabilities totaled CNY 1,275,624,435.51, an increase from CNY 1,261,377,305.53 in the previous period[31] - The total liabilities were CNY 1,552,884,016.50, slightly down from CNY 1,560,473,547.37[31] - The company's total assets amounted to 2,994,144,485.99 CNY, reflecting its financial position[53] - Total liabilities amounted to CNY 1,560,473,547.37, with current liabilities at CNY 1,261,377,305.53 and non-current liabilities at CNY 299,096,241.84[54] - The company’s total assets amounted to 2,994,144,485.99 CNY, with current assets totaling CNY 496,307,684.46 and non-current assets at CNY 1,554,220,486.53[58] Shareholder Information - The company's total number of ordinary shareholders was 48,361 at the end of the reporting period[10] - The largest shareholder, Wanyu Cultural Industry Co., Ltd., held 13.91% of the shares, amounting to 106,910,140 shares, which are pledged[10] - The equity attributable to shareholders of the parent company was CNY 1,387,568,517.01, up from CNY 1,386,106,670.20[32] - The company reported a net profit of CNY 309,646,384.11 in retained earnings, compared to CNY 308,184,537.30 previously[32] - The company’s total owner’s equity includes CNY 47,564,268.42 attributed to minority shareholders, highlighting its structure of equity distribution[54] Operational Changes and Investments - The company established a wholly-owned subsidiary, Ruifeng New Materials Technology Group Co., Ltd., with a registered capital of CNY 100 million[18] - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and development initiatives[36] - The company has ongoing investments in fixed assets totaling CNY 1,003,043,677.09, down from CNY 1,016,117,010.47[32] - The company executed a new revenue standard, reclassifying pre-receipts as contract liabilities without affecting total assets, liabilities, or net assets[55] - The company reported a total of CNY 1,363,143,735.59 in long-term equity investments, indicating a significant investment strategy[58] Expense and Cost Management - Total operating costs for Q1 2020 were CNY 171,361,853.59, down from CNY 210,689,380.46 in the previous period[38] - Research and development expenses for Q1 2020 were CNY 5,248,073.79, slightly decreased from CNY 5,280,158.97 year-over-year[38] - Cash paid for various taxes decreased by CNY 39.88 million, a decline of 82.89%, mainly due to reduced corporate income tax and VAT paid by the subsidiary Ruifeng Printing[16] - Cash paid for fixed assets, intangible assets, and other assets decreased by CNY 31.20 million, a decline of 51.90%, primarily due to reduced infrastructure investment affected by the pandemic[16] Impairment and Losses - Accounts receivable increased by 125.98% to ¥5,770,000, primarily due to an increase in bank acceptance bills received from sales[14] - Prepayments decreased by 34.08% to ¥1,560,000, mainly due to a reduction in prepaid VAT and related taxes[14] - Interest payable increased by 234.59% to ¥3,053,300, attributed to an increase in bank loans and the corresponding interest accrual[14] - Tax and additional charges decreased by CNY 2.11 million, a decline of 59.11%, mainly due to a decrease in sales revenue[15] - Credit impairment losses increased by CNY 1.26 million, a growth of 100%, primarily due to the provision for bad debts being classified under "credit impairment losses"[15] - Asset impairment losses increased by CNY 0.52 million, a growth of 123.03%, attributed to inventory write-downs by the subsidiary Jin Ye Printing[15] - Asset disposal gains increased by CNY 0.54 million, a growth of 108.06%, mainly due to increased gains from the disposal of machinery[15]

Financial Performance - Operating revenue for the reporting period reached CNY 290,899,158.83, a 27.59% increase year-on-year[7] - Net profit attributable to shareholders surged by 7,078.34% to CNY 28,413,247.52 for the reporting period[7] - The net profit after deducting non-recurring gains and losses was CNY 27,891,513.51, reflecting a 10,877.81% increase year-on-year[7] - Basic earnings per share rose to CNY 0.0370, marking a 7,300.00% increase compared to the same period last year[7] - Total operating revenue for Q3 2019 was CNY 290,899,158.83, an increase of 27.6% compared to CNY 228,000,511.39 in the same period last year[38] - Net profit for Q3 2019 reached CNY 31,817,244.13, significantly higher than CNY 829,868.11 in Q3 2018, marking a growth of 3,730.5%[39] - Earnings per share for Q3 2019 were CNY 0.0370, compared to CNY 0.0005 in the same quarter last year[40] - Net profit for the period was ¥32,466,529.38, compared to ¥25,880,137.94 in the same period last year, reflecting a growth of approximately 25%[46] - The net profit attributable to the parent company was ¥25,499,341.06, compared to ¥25,005,734.56 in the previous period, indicating stable profitability[46] Assets and Liabilities - Total assets increased by 9.54% to CNY 2,854,280,232.84 compared to the end of the previous year[7] - As of September 30, 2019, total current assets increased to CNY 994.28 million from CNY 930.38 million as of December 31, 2018, representing a growth of approximately 6.9%[28] - Non-current assets totaled CNY 1,860.00 million as of September 30, 2019, up from CNY 1,675.28 million at the end of 2018, indicating an increase of about 11.0%[29] - The company's total assets reached CNY 2,854.28 million, compared to CNY 2,605.66 million at the end of 2018, reflecting a growth of approximately 9.5%[30] - Current liabilities rose to CNY 1,210.52 million from CNY 1,039.38 million, marking an increase of about 16.4%[30] - The total liabilities increased to CNY 1,420.23 million from CNY 1,203.96 million, which is an increase of approximately 18.0%[30] - Owner's equity as of September 30, 2019, was CNY 1,434.06 million, up from CNY 1,401.70 million, showing a growth of about 2.3%[31] - The company's total liabilities increased to CNY 850,575,512.34 from CNY 665,634,788.21, representing a rise of 27.8%[36] - Total liabilities were reported at CNY 1,203,957,746.05, with current liabilities totaling CNY 1,039,384,176.28[64] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 5,877,239.67, down 91.75% compared to the same period last year[7] - Cash received from tax refunds decreased by CNY 12.16 million, a decline of 99.51%, due to fewer tax refunds received this period[17] - Cash paid for purchasing goods and services increased by CNY 90.80 million, a growth of 31.84%, due to higher payments for materials and scholarships[17] - The net cash flow from operating activities was 5,877,239.67 CNY, a significant decrease from 71,235,761.79 CNY in the previous period[54] - Cash inflow from operating activities totaled 701,493,885.10 CNY, slightly up from 700,166,676.71 CNY year-over-year[54] - Cash outflow for investing activities was 256,190,760.55 CNY, compared to 227,538,792.88 CNY in the previous period, reflecting increased investment[55] - Cash inflow from financing activities was 586,260,599.18 CNY, up from 249,614,435.05 CNY in the previous period, indicating stronger financing efforts[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,680[11] - The top shareholder, Wanyu Cultural Industry Co., Ltd., held 14.50% of the shares, totaling 111,486,858 shares[11] Investments and Acquisitions - The company acquired 100% equity of Beijing Wanyuan New Packaging Materials Co., Ltd., making it a wholly-owned subsidiary[18] - The company's stake in Shaanxi Jinrui Huiguang Industrial Co., Ltd. increased from 51% to 85% after acquiring additional shares[18] - Long-term equity investments increased by CNY 50.83 million, a growth of 251.29%, due to the transfer of equity transfer payments into long-term investments[15] Expenses - Financial expenses increased by CNY 9.37 million, a growth of 52.98%, mainly due to increased bank borrowings and corresponding interest expenses[16] - Research and development expenses for Q3 2019 were CNY 7,302,873.16, up from CNY 5,574,272.49, indicating a year-over-year increase of 30.9%[38] - The company reported a significant increase in accounts receivable, which rose to CNY 273.14 million from CNY 187.18 million, reflecting a growth of about 45.9%[28] - The company recorded an asset impairment loss of ¥9,594,596.09, which was higher than the previous year's loss of ¥3,466,043.71, indicating potential challenges in asset valuation[46]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥395,017,851.70, a decrease of 10.36% compared to ¥440,659,440.16 in the same period last year[16]. - The net profit attributable to shareholders was a loss of ¥2,913,906.46, representing a decline of 111.84% from a profit of ¥24,609,915.29 in the previous year[16]. - The net cash flow from operating activities was negative at ¥94,849,886.46, worsening by 56.30% compared to a negative cash flow of ¥60,684,042.02 in the same period last year[16]. - The basic earnings per share were -¥0.0038, down 111.88% from ¥0.0320 in the previous year[16]. - The total revenue for the tobacco supporting industry was approximately 243.95 million, a decrease of 6.35% compared to the previous year, with a gross margin of 36.00%[39]. - The education sector reported a revenue of approximately 91.68 million, an increase of 12.99% year-over-year, with a gross margin of 30.31%[39]. - The trade segment experienced significant growth, with revenue increasing by 231.83% to approximately 12.66 million, while maintaining a gross margin of 15.75%[39]. - The real estate sector saw a drastic decline in revenue, down 81.63% to approximately 9.58 million, with a gross margin of 24.23%[39]. - The company reported a significant investment of 51,073,710 yuan, acquiring a 40% stake in Hangzhou Qianlu Investment Management Co., Ltd. during the reporting period[52]. - The company reported a total revenue of 768.69 million RMB for the first half of 2019, reflecting a significant increase compared to the previous period[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,649,598,734.50, an increase of 1.69% from ¥2,605,661,984.14 at the end of the previous year[16]. - The total liabilities amounted to CNY 1,247,245,211.16, compared to CNY 1,203,957,746.05, reflecting an increase of approximately 3.58%[125]. - The company's short-term borrowings increased significantly, totaling approximately 496.41 million, reflecting a rise in bank loans[45]. - The total approved external guarantee amount during the reporting period was CNY 3,000 million, with actual guarantees amounting to CNY 2,235 million[88]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 10,700 million, with actual guarantees of CNY 7,700 million[89]. - The actual total guarantee amount accounted for 38.50% of the company's net assets[89]. - The company's cash and cash equivalents decreased by 4.02% to approximately 195.69 million, representing 7.39% of total assets[45]. - The accounts receivable decreased by 1.21% to approximately 152.56 million, representing 5.76% of total assets[45]. - The inventory decreased by 4.05% to approximately 260.02 million, representing 9.81% of total assets[45]. Cash Flow - Cash flow from operating activities was CNY -94,849,886.46, a decline of 56.30% year-on-year[37]. - Cash flow from investing activities was CNY -230,351,351.35, a decrease of 59.36% year-on-year[37]. - Cash flow from financing activities increased significantly to CNY 316,374,143.61, a rise of 1,155.80% year-on-year[37]. - Total cash inflow from operating activities was 365,189,357.92 yuan, while cash outflow was 460,039,244.38 yuan, resulting in a net cash outflow of 94,849,886.46 yuan[141]. - Cash inflow from investment activities was 4,286,472.63 yuan, while cash outflow was 234,637,823.98 yuan, leading to a net cash outflow of 230,351,351.35 yuan[141]. - Cash inflow from financing activities reached 437,100,599.18 yuan, with cash outflow totaling 120,726,455.57 yuan, resulting in a net cash inflow of 316,374,143.61 yuan[142]. Shareholder Information - The total number of shares is 768,692,600, with 87.20% being unrestricted shares[104]. - The total number of common shareholders at the end of the reporting period was 56,957[106]. - The largest shareholder, Wanyu Culture Industry Co., Ltd., holds 14.50% of the shares, totaling 111,486,858 shares[106]. - The second-largest shareholder, Chongqing Jinjiaxing Industrial Co., Ltd., holds 10.64% of the shares, totaling 81,813,210 shares[106]. - The company has maintained a stable shareholding structure, with no significant changes in the proportion of state-owned or foreign investments[104]. Corporate Governance and Compliance - The company faced dissent from board members regarding the acquisition of Shanxi Daren project and payment of deposits, with several members voting against the report[3]. - There were no significant litigation or arbitration matters during the reporting period, and no major lawsuits were disclosed[70]. - The company has not undergone any bankruptcy reorganization during the reporting period[69]. - The half-year financial report has not been audited[67]. - The company has no outstanding commitments from actual controllers, shareholders, or related parties as of the end of the reporting period[66]. - There are no penalties or rectification measures applicable to the company during the reporting period[73]. Research and Development - Research and development expenses amounted to CNY 11,540,149.36, a decrease of 18.86% compared to the previous year[37]. - The company is actively pursuing market expansion and new product development to address challenges in the tobacco supporting sector[31]. - The company plans to enhance its technological innovation and production processes to address rising costs and declining revenues[61]. - The company aims to enhance its research and development efforts to drive future growth and innovation[152]. Social Responsibility - The company invested CNY 16.3 million to support 135 impoverished students as part of its educational poverty alleviation efforts[98]. - The company allocated CNY 3.2 million for targeted poverty alleviation initiatives during the reporting period[98]. - The company was recognized as the "2018 Advanced Unit of Social Poverty Alleviation" by the Ganquan County People's Government[98]. - The company plans to continue its "Double Hundred Project" to enhance collaboration with Ganquan County, ensuring effective implementation of poverty alleviation tasks[99].

Financial Performance - The company's operating revenue for 2018 was CNY 975,810,861.09, representing a 26.11% increase compared to CNY 773,765,244.47 in 2017[17] - The net profit attributable to shareholders for 2018 was CNY 22,343,513.82, a decrease of 17.77% from CNY 27,171,269.56 in 2017[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 19,875,352.61, down 25.89% from CNY 26,819,890.39 in the previous year[17] - The net cash flow from operating activities was CNY 136,231,555.33, a decline of 29.96% compared to CNY 194,501,441.95 in 2017[17] - The basic earnings per share for 2018 was CNY 0.0291, a decrease of 51.50% from CNY 0.0600 in 2017[17] - The total assets at the end of 2018 were CNY 2,605,661,984.14, an increase of 7.18% from CNY 2,431,153,433.57 at the end of 2017[17] - The net assets attributable to shareholders at the end of 2018 were CNY 1,360,543,799.63, a slight increase of 0.50% from CNY 1,353,815,865.34 at the end of 2017[18] - The weighted average return on equity for 2018 was 1.64%, down from 2.88% in 2017[17] Revenue Breakdown - The tobacco supporting industry contributed ¥610,142,650.32, accounting for 62.53% of total revenue, with a year-on-year growth of 31.54%[38] - The education sector generated ¥165,853,394.30, which is 17.00% of total revenue, reflecting an 8.27% increase from the previous year[38] - Internet business revenue increased by 47.00% to ¥31,270,776.26, up from ¥21,272,157.43 in 2017[38] - The company reported a gross margin of 39.57% in the tobacco supporting industry, with a year-on-year increase of 11.26%[41] - Sales volume of cigarette labels rose by 59.73% to 491,319.12 million pieces, while production volume increased by 73.67% to 489,103.15 million pieces[42] - The sales volume of social products surged by 3,580.75% to 22,686.28 million pieces, driven by the consolidation of Ruifeng Printing and new out-of-province processing products[43] - Revenue from Jiangsu Province skyrocketed by 525.03% to ¥238,486,553.41, making it a significant growth area for the company[41] - The company experienced a 206.83% increase in trade revenue, reaching ¥30,874,499.26, compared to ¥10,062,309.92 in 2017[38] Investment and Development - The company signed a memorandum of understanding with the Thailand Tobacco Management Bureau to establish a tourism cigarette project company in Thailand[32] - The company initiated the construction of new facilities for Jin Ye Printing and Jin Ye Silk Screen in Xi'an, optimizing product structure and production technology[32] - The company added 3 invention patents and 12 utility model patents during the reporting period, enhancing its core technological competitiveness[29] - The company established Han Du Hospital as part of its strategy to develop the medical and health industry[33] - The company is actively promoting internal management reforms and resource integration to enhance innovation and competitiveness in response to market challenges[34] - The company is currently in the mass production phase of new products utilizing water-based inks, having completed the sample testing[52] - The company is focused on expanding its market presence and enhancing its investment portfolio through strategic partnerships and acquisitions.[67] Cost Management - The cost of raw materials in the tobacco supporting industry was ¥266,688,042.22, which is 40.16% of the operating costs, showing a decrease of 6.32% year-on-year[45] - The labor cost in the tobacco supporting industry increased to ¥43,716,681.57, accounting for 6.58% of the operating costs, with a year-on-year increase of 1.00%[45] - The development cost in the real estate industry was ¥53,637,829.28, which is 8.08% of the operating costs, reflecting a decrease of 5.49% year-on-year[45] - The company is committed to cost management and control to reduce production and management costs amid increasing environmental compliance demands[79] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5] - The company reported a net profit of CNY 22,343,513.82 for the year 2018, with a cash dividend payout ratio of 0.00%[84] - In 2018, the company did not distribute any cash dividends or issue bonus shares, and it plans to retain profits for future operational needs[86] - The company’s total share capital as of the end of the reporting period was 512,461,743 shares, with no plans for capital reserve conversion in 2018[84] - The company aims to ensure sufficient liquidity and support business expansion with retained earnings[84] - The company has committed to not engaging in any related party transactions that may lead to conflicts of interest with the listed company[91] - The company will ensure that related transactions are conducted transparently and in accordance with legal requirements[96] Management Changes - The company experienced significant management changes, with multiple executives, including Zhao Tianjiao and Xiong Hancheng, being appointed or reassigned as of January 29, 2018[186] - The company is undergoing a board restructuring, with several key positions being vacated as of January 29, 2018, including the Chairman of the Supervisory Board[187] - The management changes are part of a broader strategy to enhance operational efficiency and align with the company's future growth objectives[186] - The company adjusted the salary standards for senior management, with the chairman and president receiving CNY 1 million per year, and vice presidents and financial directors receiving CNY 600,000 per year starting from January 29, 2018[199] Compliance and Social Responsibility - The company emphasized compliance and social responsibility, ensuring stakeholder rights were respected while pursuing economic benefits[155] - The company has not faced any significant administrative penalties from tax authorities since 2013[106] - There have been no environmental pollution incidents or violations of environmental protection laws since 2013[106] - The company has not encountered any major violations related to product quality and technical supervision since 2013[106] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[103] - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on innovative educational technologies[104] - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next three years[105]