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]

Financial Performance - The company's operating revenue for Q1 2019 was ¥216,491,076.69, representing a 13.15% increase compared to ¥191,326,539.89 in the same period last year[7]. - The net profit attributable to shareholders decreased by 87.00% to ¥1,580,715.00 from ¥12,157,703.52 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 87.57% to ¥1,430,009.21 from ¥11,506,190.31[7]. - Basic and diluted earnings per share dropped by 91.14% to ¥0.0021 from ¥0.0237[7]. - Net profit for the current period was ¥1,723,565.61, a decrease of 85.8% from ¥12,190,011.15 in the previous period[41]. - The company's operating profit decreased to ¥5,279,567.85, down 70.5% from ¥17,893,969.61 year-over-year[41]. - The total profit for the current period was ¥5,632,595.62, a decrease of 68.5% from ¥17,864,469.61 in the previous period[41]. Cash Flow - The net cash flow from operating activities was negative at -¥77,807,157.29, a decline of 298.01% compared to -¥19,548,882.97 in the previous year[7]. - Cash flow from operating activities was ¥175,730,054.90, compared to ¥189,201,840.75 in the previous period[48]. - Operating cash inflow totaled CNY 181,174,057.33, a decrease from CNY 194,271,463.31 in the previous period[49]. - Operating cash outflow amounted to CNY 258,981,214.62, compared to CNY 213,820,346.28 last year, resulting in a net cash flow from operating activities of -CNY 77,807,157.29, worsening from -CNY 19,548,882.97[49]. - The net increase in cash and cash equivalents was -CNY 67,185,267.03, compared to -CNY 177,837,349.84 last year[50]. - Total cash inflow from operating activities was CNY 110,873,893.96, a decrease from CNY 130,561,701.83[53]. - Total cash outflow from operating activities was CNY 166,547,854.10, compared to CNY 177,433,962.21 last year, resulting in a net cash flow from operating activities of -CNY 55,673,960.14, worsening from -CNY 46,872,260.38[53]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,545,771,905.00, a decrease of 2.30% from ¥2,605,661,984.14 at the end of the previous year[7]. - Current liabilities decreased from CNY 1,039,384,176.28 to CNY 966,371,922.17, a reduction of about 7%[32]. - Total liabilities decreased from CNY 1,203,957,746.05 to CNY 1,142,344,101.30, a decrease of around 5.1%[32]. - Owner's equity increased slightly from CNY 1,401,704,238.09 to CNY 1,403,427,803.70, an increase of approximately 0.1%[33]. - The total liabilities and owner's equity decreased from CNY 2,605,661,984.14 to CNY 2,545,771,905.00, a decline of approximately 2.3%[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,159[10]. - The top shareholder, Wanyou Cultural Industry Co., Ltd., held 14.50% of the shares, amounting to 111,486,858 shares, which are pledged[10]. Expenses and Investments - The company's cash and cash equivalents decreased by CNY 112.87 million, a decline of 32.35%, primarily due to payments for imported equipment and engineering costs[14]. - Financial expenses increased significantly to ¥9,496,278.24, compared to ¥4,446,194.21 in the previous period, primarily due to interest expenses[39]. - Cash paid for taxes increased by CNY 22.56 million, a growth of 88.25%, mainly due to corporate income tax and VAT payments[15]. - Long-term equity investments increased by CNY 50.08 million, a growth of 247.60%, due to the transfer of equity payment to an investment management company[14]. - The company reported an investment income of ¥83,606.84 from joint ventures and associates[39]. Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥150,705.79 for the reporting period[8]. - The company's operating income from non-operating activities increased by CNY 0.33 million, a growth of 1,629.52%, due to increased government subsidies unrelated to daily operations[14].

陕西金叶科教集团股份有限公司 2018 年第三季度报告正文 证券代码：000812 证券简称：陕西金叶 公告编号：2018-114 号 陕西金叶科教集团股份有限公司 2018 年第三季度报告正文 1 陕西金叶科教集团股份有限公司 2018 年第三季度报告正文 第一节 重要提示 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局会议。 公司负责人袁汉源、主管会计工作负责人李宏年及会计机构负责人(会计主 管人员)马晓军声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西金叶科教集团股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 3 陕西金叶科教集团股份有限公司 2018 年第三季度报告正文 □ 适用 √ 不适用 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | ...

Financial Performance - The company's operating revenue for the reporting period was ¥440,659,440.16, representing a 20.78% increase compared to ¥364,833,768.02 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥24,609,915.29, a significant increase of 143.19% from ¥10,119,475.46 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,866,472.44, up 122.64% from ¥10,270,517.53 year-on-year[17]. - The basic earnings per share increased by 41.59% to ¥0.0320 from ¥0.0226 in the same period last year[17]. - The total operating costs amounted to CNY 410,482,287.91, up from CNY 342,288,962.44, indicating a rise of 19.9% year-over-year[126]. - The net profit for the first half of 2018 was CNY 25,050,269.83, which is an increase of 19.0% from CNY 21,030,493.53 in the previous year[127]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,223,074,927.64, down 8.56% from ¥2,431,153,433.57 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥1,362,810,201.10, a slight increase of 0.66% from ¥1,353,815,865.34 at the end of the previous year[17]. - The company's total assets decreased from CNY 2,431,153,433.57 at the beginning of the period to CNY 2,223,074,927.64 at the end of the period, representing a decline of approximately 8.5%[116]. - Total liabilities decreased from CNY 1,024,306,195.53 to CNY 817,608,169.64, reflecting a decline of about 20.2%[118]. - The company's equity increased slightly from CNY 1,406,847,238.04 to CNY 1,405,466,758.00, indicating a marginal decrease of 0.1%[119]. Cash Flow - The net cash flow from operating activities was negative at -¥60,684,042.02, compared to -¥9,937,036.87 in the same period last year, reflecting a decrease of 510.69%[17]. - The company’s cash flow from operating activities showed a significant negative change, amounting to -¥60,684,042.02, a 510.69% decline year-on-year[35]. - Cash flow from investing activities has a net outflow of -144,548,171.84, worsening from -49,654,093.35 in the previous period[134]. - The ending cash and cash equivalents balance is 237,837,835.99, down from 418,575,354.38 in the previous period, indicating a liquidity squeeze[134]. Business Segments - The tobacco supporting industry generated main business revenue of ¥281,467,285.31, up 47.85% year-on-year, and net profit of ¥11,918,471.70, a 341.91% increase[31]. - The education industry reported main business revenue of ¥101,410,034.59, a growth of 17.22%, and net profit of ¥8,783,456.87, increasing by 28.62%[32]. - The real estate sector saw a decline in main business revenue to ¥52,149,193.60, down 29.23%, with net profit decreasing by 54.95% to ¥3,441,527.63[32]. Research and Development - Research and development expenses surged to ¥14,222,704.43, marking a 653.70% increase compared to the previous year[35]. - The company plans to enhance its R&D capabilities to improve core technology competitiveness and reduce production costs[50]. Market Expansion - The company is focusing on expanding overseas markets, having signed a memorandum of understanding with the Thailand Tobacco Bureau[31]. - The company aims to expand overseas market development for new materials and products[50]. Shareholder Information - The total share capital increased from 512,461,743 shares to 768,692,614 shares due to the implementation of the 2017 annual equity distribution plan, which included a cash dividend of 0.30 yuan per 10 shares and a bonus share distribution of 1 share per 10 shares[94]. - The largest shareholder, Wanyu Cultural Industry Co., Ltd., holds 14.50% of the shares, totaling 111,486,858 shares, with an increase of 37,162,258 shares during the reporting period[99]. Legal and Compliance - The company is involved in a lawsuit with Inner Mongolia Aerospace Pipeline Installation Engineering Co., with a claim amounting to 40.68 million yuan[61]. - There were no significant penalties or rectifications during the reporting period[62]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[60]. Environmental and Social Responsibility - The company’s subsidiaries actively engaged in clean production audits and assessments during the reporting period, complying with environmental regulations without any penalties[80]. - The company’s subsidiary, Northwest Industrial University Mingde College, provided job-seeking and entrepreneurship subsidies totaling 207,000 RMB to 207 economically disadvantaged graduates[82]. - A total of 320,000 RMB in national scholarships was distributed to 2,262 impoverished students during the reporting period[82]. Financial Reporting and Audit - The company’s half-year financial report has not been audited[59]. - The financial statements are prepared based on the going concern assumption and historical cost measurement[159]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position as of June 30, 2018, and the operating results and cash flows for the first half of 2018[162].

陕西金叶科教集团股份有限公司 2018 年第一季度报告正文 证券代码：000812 证券简称：陕西金叶 公告编号：2018-56 号 陕西金叶科教集团股份有限公司 2018 年第一季度报告正文 1 陕西金叶科教集团股份有限公司 2018 年第一季度报告正文 第一节 重要提示 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局会议。 公司负责人袁汉源、主管会计工作负责人李宏年及会计机构负责人(会计主 管人员)马晓军声明：保证季度报告中财务报表的真实、准确、完整。 2 陕西金叶科教集团股份有限公司 2018 年第一季度报告正文 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） | 191,326,539.89 | 181,940,129.74 | 5.16% | | 归属于上市公司股 ...

Financial Performance - The company's operating revenue for 2017 was ¥773,765,244.47, a decrease of 22.14% compared to ¥993,842,901.37 in 2016[17] - The net profit attributable to shareholders for 2017 was ¥27,171,269.56, down 22.20% from ¥34,926,666.56 in 2016[17] - The basic earnings per share for 2017 was ¥0.0600, a decrease of 23.18% from ¥0.0781 in 2016[17] - The diluted earnings per share also stood at ¥0.0600, down 23.18% from ¥0.0781 in the previous year[17] - The weighted average return on equity for 2017 was 2.88%, down from 3.96% in 2016[17] - The total revenue for 2017 was CNY 773.77 million, a decrease of 22.14% compared to CNY 993.84 million in 2016[34] - The net profit attributable to shareholders for 2017 was CNY 27.17 million, down 22.20% from the previous year[34] Cash Flow and Assets - The net cash flow from operating activities increased by 14.99% to ¥194,501,441.95 in 2017, compared to ¥169,139,076.04 in 2016[17] - The total assets at the end of 2017 were ¥2,431,153,433.57, reflecting a 35.39% increase from ¥1,795,628,003.46 at the end of 2016[17] - Operating cash inflow decreased by 6.04% to ¥798,012,380.57 compared to ¥849,324,297.28 in 2016[57] - Investment cash inflow increased significantly by 1,010.60% to ¥4,510,573.10, primarily due to investment income from Western Trust[57] - Net cash flow from investment activities was negative at -¥272,174,556.96, worsening by 224.27% from -¥83,933,375.51 in the previous year[57] - Financing cash inflow rose by 41.13% to ¥398,426,744.06, with net cash flow from financing activities increasing by 244.66% to ¥89,717,601.34, mainly due to increased bank loans[58] Revenue by Sector - The revenue from the tobacco supporting industry increased by 14.49% to CNY 463.86 million, accounting for 59.95% of total revenue[38] - The education sector revenue remained stable at CNY 153.19 million, with a slight decrease of 0.12% year-on-year[38] - The real estate sector generated ¥122,553,995.93, reflecting a significant decline of 70.67% year-on-year[40] - The revenue from the internet business was ¥21,272,157.43, accounting for 2.75% of total revenue[41] - The company experienced a 42.57% decline in trade revenue, totaling ¥10,062,309.92[41] Strategic Initiatives - The company completed the acquisition of Kunming Ruifeng Printing Co., which expanded its tobacco supporting industry scale[27] - The company plans to push forward with the acquisition of Beijing Huatang Zhongke Group as part of its strategic expansion in the education sector[35] - The company established a technology research and development center to enhance its core technical competitiveness[35] - The company aims to enhance its technological research and development capabilities to improve core competitiveness and reduce production costs[76] - The company intends to explore new industrial ecosystems while firmly promoting its dual main business strategy in tobacco support and education industries, supplemented by real estate[76] Research and Development - The company's R&D investment in 2017 amounted to ¥11,042,945.39, a significant increase of 160.78% compared to ¥4,234,525.53 in 2016, representing 1.43% of operating revenue[54] - The number of R&D personnel increased to 78 in 2017, up 160.00% from 30 in 2016, with R&D personnel accounting for 4.64% of the total workforce[54] - The company developed new products including a new type of holographic anti-counterfeiting film and various environmental protection technologies[52] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.30 per 10 shares and issue 1 bonus share for every 10 shares held[4] - In 2017, the total cash dividend amount is projected to be RMB 15,373,852.29, which accounts for 23.08% of the total distributable profit of RMB 209,676,956.90[83] - The company has committed to a 12-month lock-up period for shares held prior to the transaction, starting from the date of share listing[86] Compliance and Governance - The management emphasized the importance of compliance and ethical practices, ensuring no legal issues or penalties have been incurred in the past three years[104] - The company has not faced any penalties from securities regulatory agencies in the past three years[198] - The company guarantees that no insider information will be leaked or used for insider trading, ensuring the integrity of its operations[102] Social Responsibility - The company actively fulfilled social responsibilities, providing financial aid to 445 students from impoverished families, totaling CNY 5.0492 million[159] - A total of CNY 19 million in various scholarships and financial aid was distributed to students during the reporting period[160] - The company established a partnership with Ganquan County to support poverty alleviation efforts, including training for local leaders[161] Legal Matters - The company is involved in a lawsuit with an amount of 17.57 million yuan, which does not impact the financial results for the reporting period[134] - The company reached a settlement in a dispute regarding a contract for 18.54 million yuan, which was concluded by the Xi'an Intermediate People's Court[135] - A lawsuit was filed for 18 million yuan against a supplier for failure to deliver goods, with an additional claim for approximately 22.68 million yuan in interest[136]

Financial Performance - Operating revenue for the reporting period was ¥148,824,993.52, a decrease of 56.19% year-on-year [8]. - Net profit attributable to shareholders was -¥2,868,467.99, representing a decline of 135.47% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,991,248.71, down 139.17% year-on-year [8]. - Basic earnings per share were -¥0.0064, a decrease of 135.36% compared to the same period last year [8]. - The weighted average return on net assets was -0.32%, a decline of 1.24% compared to the previous year [8]. - The net cash flow from operating activities for the year-to-date was ¥153,653,896.10, down 4.42% year-on-year [8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 43,521 [12]. - The largest shareholder, Wanyu Cultural Industry Co., Ltd., held 16.61% of the shares, totaling 74,324,572 shares [12]. Asset and Liability Changes - Long-term receivables increased by CNY 1 million, a growth of 40.00%, due to increased financing lease deposits by subsidiary Jinye Yuyang [17]. - Construction in progress rose by CNY 15.626 million, up 38.44%, primarily due to increased investment in campus wireless network projects by subsidiary Jinye Xinyuan [17]. - Payables decreased by CNY 4.9424 million, down 53.14%, mainly due to the settlement of matured payables by subsidiary Jinye Printing [17]. - Other payables rose by CNY 30.2643 million, an increase of 49.01%, mainly due to increased student aid funds and other fees received by subsidiary Mingde College [17]. Expense Changes - Sales expenses increased by CNY 7.8253 million, a rise of 37.52%, attributed to market expenses for campus network projects and new market development in the tobacco sector by subsidiary Jinye Xinyuan [18]. - Financial expenses surged by CNY 6.7302 million, an increase of 805.73%, due to the absence of capitalized interest and a rise in long-term borrowings [18]. Tax and Investment - Cash received from tax refunds increased by CNY 1.7316 million, a growth of 453.46%, due to higher export tax rebates received by subsidiary Jinye Yuyang [19]. - Investment income increased by CNY 3.1776 million, a growth of 100.00%, due to received investment returns from Western Trust [18]. Corporate Actions - The company applied to the China Securities Regulatory Commission (CSRC) to resume the review of a major asset restructuring plan on October 16, 2017 [20]. - The company established two new subsidiaries in Shenzhen and Huizhou, completing the registration process on September 18, 2017 [20]. Social Responsibility and Initiatives - The company’s subsidiary, Northwest University Mingde College, provided assistance to 134 impoverished students through work-study programs and temporary financial aid [27]. - In September 2017, the college organized the first phase of targeted poverty alleviation training and conducted visits to various poverty alleviation projects in Yan'an City [27]. - The report does not provide specific metrics or outcomes for the poverty alleviation initiatives undertaken by the company [28]. - There are no awards or recognitions mentioned in the report related to the company's poverty alleviation efforts [28]. - The company has outlined future plans for targeted poverty alleviation, although specific details are not provided in the report [29]. Compliance and Governance - The company reported no significant non-recurring gains or losses that would be classified as regular gains or losses [10]. - The company reported no violations regarding external guarantees during the reporting period [25]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period [26].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥364,833,768.02, representing a 29.59% increase compared to ¥281,536,588.16 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 24.74% to ¥10,119,475.46 from ¥13,446,847.09 year-on-year[16]. - Basic earnings per share fell by 24.92% to ¥0.0226 from ¥0.0301 in the same period last year[16]. - The company reported a total profit of CNY 25,169,687.69 for the first half of 2017, down from CNY 29,116,820.06 in the same period of 2016, a decline of about 13.5%[118]. - The total comprehensive income for the first half of 2017 was CNY 21,030,493.53, down from CNY 26,738,281.26, reflecting a decrease of about 21.5%[119]. - The net cash flow from operating activities was negative at -¥9,937,036.87, a decline of 79.84% compared to -¥5,525,636.80 in the previous year[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,760,132,329.33, down 1.98% from ¥1,795,628,003.46 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 1.13% to ¥903,555,793.07 from ¥893,436,317.61 at the end of the previous year[16]. - The total liabilities decreased, with short-term borrowings at ¥226,000,000.00, down from ¥278,000,000.00, a reduction of 0.53%[41]. - The company's total assets increased, with cash and cash equivalents at ¥437,940,443.73, representing 24.88% of total assets, up from 19.89% last year[40]. - The company's long-term borrowings rose to 40.94 million yuan, an increase of 156.24%[35]. Revenue Segments - The tobacco supporting industry revenue reached ¥190,364,239.29, an increase of 27.76% compared to the same period last year[38]. - The education sector generated ¥74,806,888.50, reflecting a growth of 25.48% year-on-year[38]. - Real estate revenue amounted to ¥73,687,370.03, with a significant increase of 27.18% compared to the previous year[38]. Cash Flow and Financing - The cash flow from financing activities increased by 73.08% to 72.33 million yuan, primarily due to reduced cash payments for dividends and interest[35]. - The cash inflow from investment activities was 4,256,773.10 CNY, while the cash outflow was 53,910,866.45 CNY, resulting in a net cash flow of -49,654,093.35 CNY[126]. - The company paid 65,940,000.00 CNY in debt repayments, down from 80,000,000.00 CNY in the previous period, indicating improved debt management[127]. Strategic Initiatives and Market Expansion - The company is actively exploring overseas markets for its tobacco products and increasing R&D efforts for new products[32]. - The company plans to expand its overseas market share to mitigate domestic market pressures[52]. - The company completed internal review procedures for the acquisition of 100% equity in Kunming Ruifeng Printing Co., Ltd., which received conditional approval from the China Securities Regulatory Commission[32]. Risks and Challenges - The company faced risks related to the decline in tobacco product prices and plans to implement cost reduction measures through technological innovation and material procurement[52]. - The company anticipates continued pressure on its tobacco-related products due to policy changes and intends to enhance R&D for new technologies and products[52]. - The education segment's revenue and surplus decreased due to a decline in enrollment targets[32]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares is 447,375,651, with 99.77% being unrestricted shares[90]. - The largest shareholder, Wanyu Culture Industry Co., Ltd., holds 16.61% of the shares, totaling 74,324,572 shares[92]. Legal and Compliance Matters - The company has a pending lawsuit involving a contract dispute with a Thai company, with a claim amount of 17.57 million RMB, which does not impact the current reporting period's financial results[61]. - The company has a lawsuit against Shanhe Construction Company for a claim of 6.11 million RMB, which also does not affect the current reporting period's financial results[62]. - The company has not reported any significant environmental protection issues or being a key pollutant unit[86]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[148]. - The company confirms that its financial statements accurately reflect its financial position and operating results as of June 30, 2017[151]. - The company has not reported any significant changes in accounting policies or corrections in prior period errors[138].

Financial Performance - The company's operating revenue for Q1 2017 was ¥181,940,129.74, representing a 9.47% increase compared to ¥166,196,244.32 in the same period last year[8] - The net profit attributable to shareholders was ¥6,486,795.49, up 3.18% from ¥6,286,608.55 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,302,043.41, reflecting a 10.85% increase from ¥5,685,088.51 in the previous year[8] - The basic earnings per share for the period was ¥0.0145, up 2.84% from ¥0.0141 in the same period last year[8] - The diluted earnings per share also stood at ¥0.0145, reflecting a 2.84% increase compared to ¥0.0141 year-on-year[8] Cash Flow and Assets - The net cash flow from operating activities decreased by 47.06% to ¥8,611,008.70 from ¥16,266,798.02 in the same period last year[8] - Total assets at the end of the reporting period were ¥1,776,995,901.89, a decrease of 1.04% from ¥1,795,628,003.46 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.73% to ¥899,923,113.10 from ¥893,436,317.61 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,447[11] Receivables and Payables - Accounts receivable decreased by 8.2171 million yuan, a decline of 94.81%, mainly due to the subsidiary Jin Ye Printing using acceptance bills to pay for goods[15] - Long-term receivables increased by 1 million yuan, a growth of 40.00%, attributed to the increase in financing lease deposit by subsidiary Jin Ye Yuyang[15] - Fixed asset clearance increased by 284,000 yuan, a growth of 687.44%, primarily due to unsettled vehicle disposals by subsidiary Mingde College[15] - Prepayments decreased by 64.0474 million yuan, a decline of 41.93%, as revenue was recognized for pre-received tuition and housing fees by subsidiaries Mingde College and Wanrun Real Estate[15] - Cash received from sales decreased by 70.0311 million yuan, a decline of 32.69%, mainly due to reduced prepayments for commodity housing by subsidiary Wanrun Real Estate[16] - Cash paid for purchasing goods decreased by 34.5142 million yuan, a decline of 31.53%, attributed to reduced project settlement payments by subsidiary Wanrun Real Estate[17] Financial Expenses - Financial expenses increased by 1.4597 million yuan, a growth of 331.03%, due to an increase in long-term borrowings compared to the same period last year[16] Government Subsidies - The company reported government subsidies recognized in the current period amounting to ¥187,905.15[9] Other Operating Activities - The company reported a significant increase in cash received from other operating activities, up by 7.1304 million yuan, a growth of 264.11%, due to increased bid guarantee deposits received[16] Commitments - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[20] Acquisition Plans - The company plans to acquire 100% equity of Ruifeng Printing through a combination of issuing shares and cash payment, with adjustments made to the asset restructuring plan[18]

Financial Performance - The company's operating revenue for 2016 was CNY 993,842,901.37, representing an increase of 88.13% compared to CNY 528,273,545.43 in 2015[16] - The net profit attributable to shareholders for 2016 was CNY 34,926,666.56, a growth of 76.40% from CNY 19,799,591.29 in the previous year[16] - The net profit after deducting non-recurring gains and losses reached CNY 33,828,929.42, marking a significant increase of 139.94% compared to CNY 14,098,658.29 in 2015[16] - The net cash flow from operating activities was CNY 169,139,076.04, which is a 9.49% increase from CNY 154,479,178.38 in 2015[16] - Basic earnings per share for 2016 were CNY 0.0781, up 76.30% from CNY 0.0443 in 2015[16] - Total revenue for 2016 reached ¥993.84 million, an increase of 88.13% compared to ¥528.27 million in 2015[35] - The net profit attributable to the parent company for 2016 was CNY 34.93 million, a year-on-year increase of 76.40%, but only 45.24% of the annual target of CNY 77.20 million was achieved[31] Assets and Liabilities - Total assets at the end of 2016 were CNY 1,795,628,003, reflecting a decrease of 8.24% from CNY 1,956,925,372 in 2015[17] - The net assets attributable to shareholders increased by 2.20% to CNY 893,436,317.61 from CNY 874,164,172.99 in 2015[17] - Total liabilities decreased from CNY 846,089,466.70 to CNY 661,531,240.84, a decrease of around 21.8%[198] - Total equity increased from CNY 1,110,835,905.48 to CNY 1,134,096,762.62, an increase of about 2.1%[198] Revenue Breakdown - Revenue from the tobacco supporting industry was ¥405.15 million, accounting for 40.77% of total revenue, with a year-on-year increase of 16.88%[36] - Real estate revenue surged to ¥417.79 million, representing 42.04% of total revenue, with a staggering year-on-year growth of 5,860.89%[35] - Revenue from the education sector was ¥153.38 million, a slight decrease of 1.21% compared to ¥155.25 million in 2015[36] - Revenue from Shaanxi Province accounted for 75.30% of total revenue, with a significant year-on-year increase of 117.35%[36] Cash Flow and Financing - Operating cash inflow totaled ¥849,324,297.28, reflecting an increase of 8.50% year-on-year[53] - The company achieved a significant increase in financing cash inflow by 37.07%, primarily due to increased cash from loans[54] - The company reported a net increase in cash and cash equivalents of ¥23,187,199.58, a significant increase of 140.66% compared to the previous year[53] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares, based on a total of 447,375,651 shares[4] - In 2016, the company reported a net profit of RMB 34,926,666.56, with cash dividends accounting for 100% of the total profit distribution[80] - The cash dividend for 2015 was RMB 0.35 per 10 shares, totaling RMB 15,658,147.78, which was 79.08% of the net profit[79] Business Strategy and Development - The company plans to enhance new product development and market expansion, implementing a comprehensive raw material bidding system to reduce costs and improve efficiency[32] - The company is actively pursuing external growth strategies, including the acquisition of Kunming Ruifeng Printing Co., Ltd., as part of a significant asset restructuring initiative[32] - The company aims to strengthen its main businesses, particularly in tobacco and education, while exploring new industries such as internet-based smart campuses[71] Risks and Challenges - The overall market environment for the tobacco industry remains challenging, with a reported 5.6% decline in national cigarette production and sales in 2016[25] - The company anticipates challenges in the education sector due to the new Private Education Promotion Law, which will impact its operational structure and profitability[72] Governance and Compliance - The company has not disclosed any unpublicized significant information during the communication activities, which included 17 interactions with individual investors[74] - The company has committed to protecting the interests of minority shareholders and has ensured that they have opportunities to express their opinions[77] - There were no unresolved governance issues during the reporting period, indicating compliance with regulatory standards[167] Employee and Community Engagement - The company issued scholarships and financial aid to 16,614 students, totaling RMB 14.51855 million during the reporting period[113] - The company supported 534 economically disadvantaged graduates with job-seeking subsidies amounting to RMB 534,000[113] - The company organized training sessions and outreach for 357 students identified as needing assistance under the poverty alleviation program[113] Research and Development - The company obtained one invention patent and one utility model patent during the reporting period, indicating a focus on innovation[28] - The company's research and development investment amounted to ¥4,234,525.53, representing 0.43% of operating revenue, a decrease of 0.31% compared to the previous year[52] Internal Control and Audit - The internal control audit report issued a standard unqualified opinion, confirming effective financial reporting internal controls[183] - The company maintained effective internal controls in all material respects as of December 31, 2016[183]