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]

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]