Financial Performance - Total assets decreased by 39.30% to CNY 3,534,196.59 compared to the end of the previous year[7]. - Net assets attributable to shareholders decreased by 34.15% to CNY 3,533,195.25 compared to the end of the previous year[7]. - Operating revenue was CNY 0.00, representing a 100.00% decrease year-on-year[7]. - Net loss attributable to shareholders was CNY -737,755.23, a reduction in loss of 20.49% compared to the same period last year[7]. - Basic earnings per share was CNY -0.0018, a reduction in loss of 20.49% compared to the same period last year[7]. - Cash flow from operating activities showed a net outflow of CNY -2,244,913.76, a decrease of 11.23% compared to the previous year[7]. - There are no significant changes expected in the cumulative net profit for the year compared to the previous year, indicating stability in financial performance[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,302[11]. - The largest shareholder, Shanghai Xinyi Industrial Co., Ltd., held 25.84% of the shares, totaling 106,938,440 shares[11]. - Shanghai Xinyi Industrial Co., Ltd. holds a 25.84% stake in the company and has committed to ensuring the independence of the company in terms of personnel, assets, finance, and operations, while avoiding competition with the company[16]. Management and Operational Changes - The company reported a significant decrease in management expenses by 40.21% to CNY 739,072.66 due to reduced business activities[14]. - The company is undergoing a major asset restructuring with significant uncertainties, leading to a suspension of its stock since April 8, 2014[15]. - The company is currently undergoing a bankruptcy reorganization plan approved by the Chongqing Third Intermediate People's Court, which includes injecting profitable assets into the company[17]. Investment Strategy - The company has not engaged in any securities or derivative investments during the reporting period, reflecting a conservative investment strategy[19][20].

Financial Performance - The company reported zero revenue for the current period, a decrease of 100% compared to 7,158,354.56 yuan in the same period last year[19]. - The net profit attributable to shareholders was -1,094,447.30 yuan, representing a decline of 389.57% from a profit of 377,954.61 yuan in the previous year[19]. - The net cash flow from operating activities was -1,402,489.54 yuan, a decrease of 445.88% compared to 405,480.81 yuan in the same period last year[19]. - The company reported zero revenue in the service and wholesale sectors, indicating a 100% decrease compared to the previous year[31]. - The total operating cost for the consulting services was 9,450,000 RMB, reflecting a 50% decrease year-on-year[31]. - The company reported a net loss of 1,094,447.30 yuan for the current period, which is a decrease in retained earnings[109]. - The company reported a significant increase in other payables from CNY 175,217.86 to CNY 477,571.14, an increase of approximately 172.5%[96]. - The company reported a net profit decrease of 596,583.69 yuan during the current period[113]. - The company reported a significant increase in cash and cash equivalents, indicating strong liquidity management[127]. - The company reported a total of 413,876,880 shares outstanding, with no changes during the reporting period[175]. Assets and Liabilities - Total assets decreased by 24.83% to 4,376,620.81 yuan from 5,822,617.75 yuan at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 20.40% to 4,270,950.48 yuan from 5,365,397.78 yuan at the end of the previous year[19]. - The company's total liabilities at the end of the reporting period were CNY 105,670.33, down from CNY 457,219.97 at the beginning of the period, indicating a reduction of about 77%[94]. - The total owner's equity at the end of the current period is 643,505.75 yuan, reflecting a decrease from the previous year's balance[113]. - The company's total equity attributable to shareholders decreased due to the net loss, impacting overall financial stability[110]. Shareholder Information - The major shareholder, Shanghai Xinyi Industrial Co., Ltd., holds 25.84% of the shares, amounting to 106,938,440 shares[80]. - The total number of shares outstanding is 413,876,880, with 74.16% being unrestricted shares[78]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the period[79]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[82]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards as per regulatory requirements[48]. - The company has not experienced any major litigation or arbitration matters during the reporting period[50]. - There were no significant related party transactions reported during the period[57]. - There were no penalties or rectifications reported during the reporting period[72]. - The company has not faced any delisting risks due to violations during the reporting period[73]. Operational Activities - The company’s main subsidiary, Shanghai Xinghong Business Consulting Co., Ltd., reported no business activity during the current period[27]. - The company has not engaged in any external investments, securities investments, or entrusted financial management during the reporting period[32][34][36]. - The company has not engaged in any asset acquisitions or sales during the reporting period[53][54]. - The company did not generate any revenue from its top five customers during the reporting period[187]. - The company had no new product or technology developments reported during the period[84]. - There were no significant mergers or market expansion strategies mentioned in the report[84]. Expenses and Costs - Management expenses decreased by 30.01% to 1,132,000.03 yuan due to the absence of significant fees such as information disclosure and listing fees[29]. - Operating expenses increased to CNY 1,116,906.90 from CNY 6,387,734.13, reflecting a rise of approximately 17.5%[99]. - Total expenses decreased to ¥1,132,000.03 from ¥1,617,486.13, reflecting a decline of about 30%[191]. - Employee compensation decreased to ¥535,744.16 from ¥951,099.04, a reduction of approximately 43.7%[191]. Government Support - The company received government subsidies amounting to 9,500.00 yuan during the reporting period[23]. - Government grants related to assets are recognized as deferred income and amortized over the useful life of the related assets[156]. - Government subsidies recognized in the current period amounted to ¥9,500.00, down from ¥62,500.00, a decrease of approximately 84.8%[195]. Accounting and Financial Reporting - The financial report for the half-year period was not audited[90]. - The company has not changed its accounting policies or estimates during the reporting period[159]. - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial status accurately[121]. - The company utilizes the effective interest method for subsequent measurement of financial liabilities, ensuring accurate financial reporting[131]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer[152].

1 星美联合股份有限公司 2014 年第一季度报告正文 星美联合股份有限公司 2014 年第一季度报告正文 证券代码：000892 证券简称：星美联合 公告编号：2014-011 星美联合股份有限公司 2014 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何家盛、主管会计工作负责人及会计机构负责人(会计主管人员) 童知秋声明：保证季度报告中财务报表的真实、准确、完整。 2 星美联合股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 单位：股 | 报告期末股东总数 | | | | | | 17,390 | | --- | --- | --- | --- | --- | --- | --- | | | | 前 10 名股东持股情况 | | | | | | 股东名称 | 股东性质 ...

Financial Performance - The company's operating revenue for 2013 was ¥10,965,958.04, a decrease of 5.92% compared to ¥11,655,383.36 in 2012[27]. - The net profit attributable to shareholders was -¥617,753.22, representing a decline of 145.36% from ¥1,362,000.35 in the previous year[27]. - The net cash flow from operating activities was -¥1,000,428.82, a significant drop of 758.90% compared to ¥151,833.89 in 2012[27]. - The total assets at the end of 2013 were ¥5,822,617.75, down 14.12% from ¥6,779,589.17 at the end of 2012[27]. - The net assets attributable to shareholders decreased by 10.32% to ¥5,365,397.78 from ¥5,983,151.00 in 2012[27]. - The company's operating revenue for the reporting period was CNY 10.97 million, a decrease of 5.92% compared to CNY 11.66 million in the same period last year[40]. - Operating profit was CNY -0.40 million, down 123.04% from CNY 1.73 million in the previous year, primarily due to a decline in revenue from the consulting business of its wholly-owned subsidiary[40]. - The company's cash flow from operating activities showed a net outflow of CNY -1.00 million, a significant decrease of 758.90% compared to a net inflow of CNY 0.15 million in the previous year[50]. - The total sales revenue from wholesale was CNY 87.49 million, representing a year-on-year increase of 20.55%[41]. - The consulting service revenue was CNY 2.07 million, a decrease of 53.02% compared to the previous year[52]. - The company reported a net profit for the current period of -371,642.48, a significant decline from a profit of 625,595.64 in the previous period[184]. - The total comprehensive income for the current period is -371,642.48, down from 625,595.64 in the previous period[184]. - The net profit for the current period is -617,753.22, indicating a loss compared to the previous period[194]. Corporate Governance - The company has continuously complied with commitments made to minority shareholders[95]. - The company governance structure complies with the requirements set by the China Securities Regulatory Commission, ensuring effective operation and internal control systems[139]. - The board of directors consists of members with strong professional backgrounds and extensive experience, actively participating in relevant training[140]. - Independent directors play a crucial role in decision-making, particularly in financial audits and major related transactions, ensuring compliance and transparency[140]. - The company strictly adheres to information disclosure obligations, providing accurate and timely information to all investors, enhancing transparency and protecting minority shareholders' rights[140]. - The annual general meeting approved key reports and profit distribution plans, reflecting shareholder engagement and decision-making transparency[143]. - The company held a temporary shareholders' meeting to elect new board members and approve the appointment of the auditing firm for the fiscal year 2013[144]. - Independent directors attended board meetings and shareholder meetings, with no objections raised against company matters during the reporting period[145]. - The independent directors' suggestions were adopted, contributing to the improvement of the company's operational norms and decision-making processes[148]. - The audit committee reviewed the financial statements and confirmed they accurately reflect the company's financial position and operating results[149]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring autonomous operations[151]. - There were no significant internal control deficiencies reported during the evaluation period[160]. Audit and Compliance - The company received an unqualified audit report with an emphasis of matter paragraph from Tianjian Accounting Firm[9]. - The auditor issued an unqualified audit report with an emphasis of matter for the 2013 financial report[98]. - The company appointed Tianjian Accounting Firm as the auditor for the 2013 fiscal year, with an audit fee of 320,000 yuan[96]. - The financial statements were audited by Tianjian Accounting Firm, with a clean audit opinion issued on January 28, 2014[164]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,429, an increase from 17,833 prior to the annual report disclosure[116]. - Shanghai Xinyi Industrial Co., Ltd. holds 25.84% of shares, totaling 106,938,440 shares, with no changes during the reporting period[116]. - The top ten shareholders include Taiji Group Co., Ltd. with 2.42% (10,000,000 shares) and Yang Chengshe with 2.16% (8,930,000 shares), with some shareholders experiencing reductions in holdings[116]. - Zhejiang International Trade Group Jinxin Asset Management Co., Ltd. reported a decrease of 18,247,831 shares, holding 3,516,420 shares at the end of the period[116]. - The company does not have any strategic investors or general legal persons becoming top ten shareholders through new share placements[116]. - There were no reported related party transactions or agreements among the top ten shareholders[118]. Operational Status - The company is currently in a state of operational suspension following the completion of its bankruptcy reorganization plan and debt settlement[16]. - Major asset restructuring and the transfer of shares by the largest shareholder have not made substantial progress, indicating significant uncertainty[16]. - The company has not established a main business temporarily, and the board will actively promote the continuous operation of its wholly-owned subsidiaries[16]. - The company has not engaged in any investment activities such as entrusted financial management or derivative investments, with all amounts reported as 0.00 yuan[63][62]. - The company has not reported any investigations or penalties against its directors, supervisors, or senior management during the reporting period[100]. - The company has not engaged in any mergers or acquisitions during the reporting period[198]. - The company has not established a performance evaluation and incentive mechanism for senior management[154]. Future Outlook - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[7]. - The company plans to accelerate the transfer of equity by major shareholders and enhance its self-sustaining capabilities in 2014[68]. - The company has not provided specific guidance for future performance or market expansion strategies[198].