Financial Performance - The company's operating revenue for the first half of 2019 was CNY 7,776,974,765.65, a decrease of 43.52% compared to CNY 13,770,073,843.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 429,234,269.05, down 48.76% from CNY 837,614,915.37 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 402,396,897.04, a decline of 50.42% compared to CNY 811,654,353.56 in the previous year[20]. - The net cash flow from operating activities was negative at CNY -531,899,515.76, worsening by 47.86% from CNY -373,160,580.93 in the same period last year[20]. - Basic earnings per share decreased by 51.85% to CNY 0.13 from CNY 0.27 in the previous year[20]. - The company's total revenue for the reporting period was approximately ¥7.78 billion, a decrease of 43.52% compared to ¥13.77 billion in the same period last year[44]. - Operating costs were approximately ¥5.90 billion, down 48.49% from ¥11.46 billion year-on-year[44]. - The gross profit margin for the fertilizer industry improved to 24.11%, despite a 43.52% decline in revenue[48]. - The company reported a total comprehensive income of CNY 412,592,957.48 for the first half of 2019, compared to CNY 968,161,559.24 in the same period of 2018, indicating a decrease of 57.4%[170]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,216,554,232.18, an increase of 11.53% from CNY 22,609,574,967.94 at the end of the previous year[20]. - The company's total liabilities increased to CNY 12,986,326,161.78 in the first half of 2019, compared to CNY 11,277,705,433.58 in the same period of 2018, reflecting a growth of 15.7%[166]. - The total equity of the company reached CNY 8,894,080,639.47, an increase of 3.3% from CNY 8,613,441,520.61 in the previous year[166]. - The company's total assets at the end of the reporting period were approximately 13.98 billion CNY, up from 12.85 billion CNY in the previous year[194]. - The total liabilities at the end of the reporting period were approximately 5.69 billion CNY, which is an increase from 5.07 billion CNY in the previous year[195]. Research and Development - Research and development expenses increased by 47.29% to approximately ¥153.27 million, compared to ¥104.06 million in the previous year[44]. - The company has established long-term collaborations with over 40 universities and research institutions to enhance its R&D capabilities[33]. - The company is focusing on enhancing its research and development capabilities to innovate and improve its product offerings[196]. Market and Sales - The company aims to improve soil quality and promote sustainable agriculture through its "soil improvement" initiatives[29]. - The company has over 5,000 first-level agents and more than 100,000 second-level agents, with marketing channels covering the entire country[28]. - The company aims to reduce planting costs by over 10% and increase target yields by 10% through its agricultural service platform, benefiting small farmers significantly[40]. - The company is expanding its market presence in Hebei and Shandong provinces, aiming for a 15% market share increase in these regions[109]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2019[130]. Corporate Governance and Compliance - The company emphasizes the importance of risk factors and encourages investors to be aware of investment risks[6]. - The company has not reported any major projects funded by non-raising capital during the reporting period[79]. - The company has committed to not engage in any competitive activities that may affect its business operations[95]. - The company has received regulatory warnings for violations of information disclosure management regulations, with actions taken against several directors and senior management[104][105]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[123]. - The total emissions of SO2 from various discharge points did not exceed the regulatory limits, with specific emissions recorded at 8.29 mg/m³ against a standard of 300 mg/m³[124]. - The company has maintained compliance with environmental standards across multiple discharge points, ensuring no exceedance of total emissions limits[124]. - The company has implemented environmental protection measures in compliance with national regulations, ensuring that all facilities are operational and meet environmental standards[128]. Future Outlook - The company provided a positive outlook for the second half of 2019, projecting a revenue increase of 10% to 15%[130]. - New product launches are expected to contribute an additional 5% to overall revenue growth in the upcoming quarters[130]. - The company plans to enhance its digital marketing efforts, targeting a 30% increase in online sales channels by the end of 2019[109]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[196].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 7,776,974,765.65, a decrease of 43.52% compared to CNY 13,770,073,843.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 429,234,269.05, down 48.76% from CNY 837,614,915.37 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 402,396,897.04, a decline of 50.42% compared to CNY 811,654,353.56 in the previous year[20]. - The net cash flow from operating activities was negative at CNY -531,899,515.76, worsening by 47.86% from CNY -373,160,580.93 in the same period last year[20]. - Basic earnings per share decreased by 51.85% to CNY 0.13 from CNY 0.27 in the previous year[20]. - The company's revenue for the current period is approximately ¥7.78 billion, a decrease of 43.52% compared to ¥13.77 billion in the same period last year[43]. - The cost of sales decreased by 48.49% to approximately ¥5.90 billion from ¥11.46 billion year-on-year[43]. - The net cash flow from operating activities was approximately -¥531.90 million, a decrease of 42.54% compared to -¥373.16 million in the same period last year[43]. - The company reported a significant increase in financial expenses by 188.43%, amounting to approximately ¥12.17 million due to increased borrowings[43]. - The gross profit margin for the fertilizer industry improved to 24.11%, despite a 43.52% decline in revenue[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,216,554,232.18, an increase of 11.53% from CNY 22,609,574,967.94 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 4.20% to CNY 10,894,211,297.53 from CNY 10,455,313,552.26 at the end of the previous year[20]. - The company's cash and cash equivalents at the end of the reporting period were ¥3.86 billion, accounting for 15.30% of total assets, a decrease of 6.41% from the previous year[51]. - The accounts receivable increased to ¥1.27 billion, representing 5.02% of total assets, an increase of 0.78% year-on-year due to increased customer receivables from a subsidiary[51]. - The company's total liabilities included short-term borrowings of ¥2.08 billion, which accounted for 8.25% of total assets, an increase of 1.16% compared to the previous year[51]. - The total amount of raised funds was ¥202.91 million, with ¥211.49 million cumulatively invested in projects, representing 23.08% of the total raised funds being reallocated[63]. Research and Development - The company has established a comprehensive R&D system with 242 invention patents and has participated in over 50 national and provincial major scientific research projects[32]. - Research and development expenses increased by 47.29% to approximately ¥153.27 million, up from ¥104.06 million in the previous year[43]. - The company is committed to R&D and innovation, focusing on product upgrades in various fertilizer types and conducting extensive application research[40]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[178]. Market Strategy and Operations - The company has a production capacity of 7.1 million tons for various new fertilizers, covering over 100 product types[28]. - The company has over 5,000 first-level agents and more than 100,000 second-level agents, with marketing channels covering the entire country[28]. - The company aims to promote sustainable agriculture through soil improvement and modern agricultural service platforms[29][30]. - The company has established long-term cooperative relationships with over 40 universities and research institutions for R&D collaboration[32]. - The company has implemented a strategic focus on "marketing breakthroughs and service leadership," enhancing its agricultural service system[35]. - The company aims to enhance internal control and governance structures to improve decision-making and operational efficiency[40]. - The company is focusing on expanding its digital agricultural service platform in collaboration with Accenture, utilizing big data and IoT technologies[74]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[119]. - The total emissions of SO2 from the company are 4.40 tons, which is below the regulatory limit of 39.89 tons[119]. - The company has implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law, ensuring compliance with regulations[122]. - The company conducts regular monitoring of its emissions through third-party testing agencies to ensure compliance with environmental standards[122]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company held two shareholder meetings during the reporting period, with participation rates of 58.77% and 59.21% respectively[86]. - The company has committed to ensuring that its controlling shareholders and actual controllers will not engage in competitive activities with the company[91]. - The company has not engaged in any significant asset or equity sales during the reporting period[77][78]. Future Outlook - The company provided a positive outlook for the second half of 2019, projecting a revenue growth of 10% to 15%[123]. - New product launches are expected to contribute an additional 5% to overall revenue in the upcoming quarters[124]. - The company plans to enhance the promotion of nitrogen compound fertilizers and water-soluble fertilizers through high-standard demonstration fields and upgraded services[69]. - The company aims to address the pain points of modern agriculture by providing tailored services that meet the specific needs of farmers throughout the entire production cycle[70].

Financial Performance - The company reported a total revenue of RMB 2.5 billion for the year 2018, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 300 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2018 was approximately ¥15.48 billion, a decrease of 21.94% compared to ¥19.83 billion in 2017[21]. - The net profit attributable to shareholders for 2018 was approximately ¥421.44 million, down 41.10% from ¥715.50 million in 2017[21]. - The net cash flow from operating activities for 2018 was negative at approximately -¥1.54 billion, a decline of 203.18% compared to ¥1.49 billion in 2017[21]. - The company reported a significant decline in net profit in the fourth quarter of 2018, with a loss of approximately -¥532.97 million[25]. - The basic earnings per share for 2018 were ¥0.13, down 43.48% from ¥0.23 in 2017[21]. - The weighted average return on equity for 2018 was 4.44%, a decrease of 3.37% from 7.81% in 2017[21]. - The company anticipates a revenue growth of 12% for the fiscal year 2019, driven by new product launches and market expansion efforts[15]. Investment and Development - The company plans to invest RMB 200 million in research and development for new product lines in the upcoming year[15]. - The company is currently developing a new slow-release fertilizer technology, expected to launch in Q3 2019[15]. - The company has identified potential acquisition targets in the agricultural technology sector to enhance its product offerings[15]. - The company has developed over 100 types of fertilizers across 12 categories, including controlled-release fertilizers and solid water-soluble fertilizers[43]. - The company has established long-term collaborations with over 40 research institutions and universities, enhancing its R&D capabilities[41]. - The company has launched the COMPO GmbH brand in China, integrating technology, products, channels, and branding[49]. - The company is focusing on new product development, particularly in soil restoration technology, and has made significant investments in this area[79]. - The company plans to enhance the promotion of nitro compound fertilizers and water-soluble fertilizers through upgraded services and demonstration fields[86]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by 2020[15]. - The company aims to promote sustainable agriculture through soil improvement and agricultural service solutions, addressing challenges in the agricultural sector[32]. - The company is exploring potential mergers and acquisitions to further strengthen its market position in the agricultural sector[179]. - The company plans to expand its market presence by entering three new provinces by the end of 2018[179]. - The company is actively pursuing market expansion and new product development strategies[121]. Operational Challenges - The internal control self-assessment report highlighted significant deficiencies, prompting a review of operational processes[7]. - The agricultural service industry is facing challenges such as labor shortages and high production costs, necessitating innovative financial products and agricultural production system reforms[37]. - The company is facing risks from market competition, particularly in the compound fertilizer industry, where overcapacity and product quality issues are prevalent[107]. - The company is currently fulfilling its commitments made to minority shareholders[121]. Environmental and Social Responsibility - The company is facing increasing environmental pressures due to stricter national regulations and plans to enhance safety and environmental management[108]. - The company has committed to improving employee satisfaction and loyalty through enhanced corporate culture and internal incentive mechanisms[108]. - The company has fulfilled its social responsibility commitments as detailed in the 2018 Social Responsibility Report, approved by the board of directors[168]. - The company is classified as a key pollutant discharge unit by the environmental protection department[169]. - The company has been fined ¥50,000 for environmental violations related to dust pollution from an unsealed material loading process[174]. Financial Management and Shareholder Relations - No cash dividends will be distributed to shareholders for the year 2018, as the company focuses on reinvestment[8]. - The company reported a profit for the fiscal year 2018 but did not propose a cash dividend distribution plan due to not meeting the conditions set forth in its articles of association[116]. - The company’s retained earnings will primarily be used to meet daily operational and investment needs, ensuring stable development and risk resilience[116]. - The company has been conducting various investor relations activities, including on-site research and communication with institutions throughout the reporting period[109]. - The company’s chairman released the lock-up on 140,000,000 shares previously pledged[186]. Audit and Compliance Issues - The company received a qualified audit opinion from Da Xin Accounting Firm for the 2018 financial report due to issues related to significant prepayments and undisclosed related party transactions[129]. - The audit report issued a qualified opinion due to insufficient evidence regarding the nature and recoverability of the prepayments made to Nobefeng and other trading companies[132]. - The company is conducting a self-inspection of previous years' trade income due to the existence of trade income without actual goods flow[136]. - The board plans to cooperate fully with the audit process and verify the fund flows related to Nobefeng, while also taking necessary measures to recover the goods and payments[137]. Technological Advancements - The company is leveraging big data and IoT technologies to enhance agricultural services, aiming to lead the digital transformation of agriculture in China[87]. - The collaboration with global leaders like Accenture aims to build a leading digital modern agricultural service platform in China[87]. - The company is committed to digital transformation across its operations, aiming for seamless integration of procurement, production, sales, and logistics[106]. Share Capital and Ownership Structure - The company issued 132,784,633 shares to acquire 66.67% of the equity in Jinzhong Agricultural Investment Co., Ltd. from various investment funds[184]. - The total number of shares increased from 3,157,838,096 to 3,290,622,729, reflecting a change in the shareholding structure[184]. - The largest shareholder, Lin Yi Jin Zheng Da Investment Holding Co., Ltd., holds 37.28% of the shares, totaling 1,226,880,000 shares, with 979,000,000 shares pledged[195]. - The company has a stable ownership structure with no significant changes reported[200].

Financial Performance - The company reported a total revenue of RMB 2.5 billion for the year 2018, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 300 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2018 was approximately ¥15.48 billion, a decrease of 21.94% compared to ¥19.83 billion in 2017[21]. - The net profit attributable to shareholders for 2018 was approximately ¥421.44 million, down 41.10% from ¥715.50 million in 2017[21]. - The net cash flow from operating activities for 2018 was negative at approximately -¥1.54 billion, a decline of 203.18% compared to ¥1.49 billion in 2017[21]. - The gross profit margin for the fertilizer industry improved to 22.20%, despite a 27.58% increase in operating costs[59]. - The company reported a significant decline in quarterly net profit in Q4 2018, with a loss of approximately -¥532.97 million[25]. - The weighted average return on equity for 2018 was 4.44%, down from 7.81% in 2017[21]. Market Expansion and Strategy - The company is exploring market expansion opportunities in Southeast Asia, aiming for a 5% market share by 2020[15]. - The company has outlined a future outlook with a revenue growth target of 10-15% for 2019[15]. - New product launches are expected to contribute an additional RMB 100 million in revenue in 2019[15]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[177]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[177]. - The company is actively pursuing market expansion and new product development strategies[121]. Research and Development - The company plans to invest RMB 200 million in research and development for new product lines in the upcoming year[15]. - The company’s R&D expenses increased by 30.54% to ¥573,932,960.05, representing 3.71% of total revenue, up from 2.22% in the previous year[70]. - The company has developed over 100 types of fertilizers across 12 categories, including controlled-release fertilizers and compound fertilizers, to meet diverse agricultural needs[43]. - The company has established long-term collaborations with over 40 research institutions and universities, enhancing its R&D capabilities in new fertilizer development[41]. - The company has launched a new marketing model in collaboration with China Post, integrating financial and distribution services to enhance market coverage[49]. Agricultural Services and Sustainability - The company aims to promote sustainable agriculture through soil improvement and agricultural service solutions[32]. - The company aims to promote the transition from traditional to modern, efficient agricultural practices, enhancing the supply of green, organic, and healthy agricultural products[39]. - The agricultural service platform, Jinfeng Gongshe, achieved sales revenue of CNY 1.267 billion in 2018, serving over 2.3 million farmers and covering a total land area of 11.25 million acres, resulting in a 12% reduction in planting costs and over 10% increase in grain income for farmers[50]. - The company aims to address modern farmers' diverse needs by providing services that extend beyond traditional agricultural products, including land management and brand development for agricultural products[87]. - The company is committed to enhancing operational capabilities and seeking optimal agricultural service methods through effective use of raised funds[88]. Financial Health and Investments - The total assets at the end of 2018 were approximately ¥22.61 billion, an increase of 14.94% from ¥19.67 billion at the end of 2017[21]. - The company has received government subsidies amounting to approximately ¥69.74 million in 2018, slightly down from ¥70.91 million in 2017[27]. - The company raised a total of CNY 202,909.99 million through a private placement, with CNY 46,638.59 million utilized so far, representing 23.08% of the total raised[82]. - CNY 123,000.00 million was allocated to increase capital for Guizhou Jinzhen Chemical Co., aimed at constructing a project with an annual output of 600,000 tons of nitro compound fertilizer and 400,000 tons of water-soluble fertilizer[82]. - The company reported a total of CNY 37,041.90 million in working capital supplementation, including interest income of CNY 131.91 million[84]. Internal Controls and Audit - The company has received a qualified audit opinion from its auditor, which highlights concerns regarding internal controls[7]. - The audit report issued by Da Xin indicated significant issues in the company's financial reporting for 2018, which the board recognizes and is addressing[140]. - The company intends to strengthen internal controls across various operational areas, including procurement and financial reporting[138]. - The board has committed to training management on internal control standards and compliance with relevant laws and regulations[139]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[169]. - The total emissions of smoke dust were 7.07 tons, with a concentration of 8.09 mg/m³, below the limit of 30 mg/m³[169]. - The company has implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law and has passed the environmental protection acceptance[172]. - The company conducts regular third-party testing of "three wastes" (wastewater, waste gas, and solid waste) to ensure compliance with environmental regulations[173]. - The company faced an administrative penalty of RMB 50,000 for environmental violations related to dust pollution from an unsealed material loading process[174]. Shareholder Relations and Capital Structure - The company distributed a cash dividend of 0.80 CNY per 10 shares for the 2017 fiscal year, totaling 252,627,047.68 CNY[113]. - For the 2018 fiscal year, the company plans not to distribute any cash dividends or issue bonus shares[117]. - The company has a total of 42,217 common shareholders at the end of the reporting period, up from 38,284 at the end of the previous month[195]. - The largest shareholder, Lin Yi Jin Zheng Da Investment Holding Co., Ltd., holds 37.28% of the shares, totaling 1,226,880,000 shares, with 979,000,000 shares pledged[195]. - The company has a diverse range of institutional investors, including Norway's Central Bank and various investment funds[199].

Financial Performance - Kingenta reported a total revenue of RMB 2.5 billion for the year 2018, representing a year-on-year increase of 15%[3]. - The company's net profit attributable to shareholders reached RMB 300 million, up 10% compared to the previous year[3]. - The gross profit margin for 2018 was 25%, indicating a stable profitability level despite market fluctuations[3]. - The company's operating revenue for 2018 was ¥15.48 billion, a decrease of 21.94% compared to ¥19.83 billion in 2017[21]. - The net profit attributable to shareholders for 2018 was ¥421.44 million, down 41.10% from ¥715.50 million in 2017[21]. - The net cash flow from operating activities was negative at -¥1.54 billion, a decline of 203.18% compared to ¥1.49 billion in 2017[21]. - Non-recurring gains for 2018 amounted to ¥59.25 million, compared to ¥55.91 million in 2017[28]. - The weighted average return on net assets for 2018 was 4.44%, down from 7.81% in 2017[21]. Investment and R&D - Kingenta plans to invest RMB 200 million in research and development for new fertilizer technologies in 2019[3]. - The company has a robust R&D system with 230 invention patents and has participated in over 50 national and provincial major scientific research projects, receiving multiple awards for technological advancement[42]. - The company is focusing on the development of specialized fertilizers and agricultural services to address current planting challenges and lead industry technological progress[43]. - The company completed 3,610 new product trials and developed over 1,200 specialized crop solutions during the reporting period[69]. - The company’s R&D investment increased by 30.52% to ¥573,832,960.05, accounting for 3.71% of operating revenue[69]. Market Strategy and Expansion - The company aims to expand its market presence in Southeast Asia, targeting a 20% increase in sales from this region by 2020[3]. - The company launched a new marketing strategy focusing on "experience + service," which includes recruiting "promotion ambassadors" and establishing village service stations to enhance direct engagement with farmers[50]. - The company aims to enhance the organizational level of small farmers and improve the social service system directed at them, as outlined in the government’s policies[39]. - The company is positioned to benefit from the transition of agricultural service companies as the demand for agricultural inputs shifts towards modern agricultural services[40]. - The company plans to expand its market presence by entering three new provinces in 2019, aiming for a 20% increase in market share[174]. Operational Efficiency - The company has maintained its core business focus on ecological fertilizers without any major changes since its listing[19]. - Kingenta's strategic goal includes enhancing its supply chain efficiency to improve overall operational performance[3]. - The company implemented a flat management structure to enhance operational efficiency and modern management levels[57]. - The company aims to improve the utilization rate of production capacity for various fertilizers and cement products through process improvements and quality enhancements[86]. Risk Management - The company identified potential risks including raw material price volatility and regulatory changes in the agricultural sector[7]. - Raw material costs account for approximately 80% of the company's production costs, making price fluctuations a significant risk[111]. - The company faces market risks due to overcapacity in the compound fertilizer industry and increasing competition in new fertilizer types[111]. - The company is committed to enhancing its internal control systems and governance structures to ensure stable operations[109]. Environmental Responsibility - The company has published its 2018 Social Responsibility Report, detailing its fulfillment of social responsibilities during the reporting period[163]. - The company is classified as a key pollutant discharge unit by the environmental protection department[164]. - The company has implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law and has passed the environmental protection acceptance[166]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed by the environmental protection department[167]. - The company has faced environmental violations resulting in fines of ¥50,000 for failing to comply with air pollution prevention laws[168]. Shareholder and Governance - The company has not sold any significant assets or equity during the reporting period[97][98]. - The company’s independent directors confirmed that the decision-making process for profit distribution was compliant and transparent, ensuring the protection of minority shareholders' rights[118]. - The company’s retained earnings will be used to support stable development and normal production operations[122]. - The company’s independent directors have fulfilled their responsibilities and played a necessary role in the profit distribution process[118]. - The company’s major subsidiaries, such as Jinzhengda Nuotai, reported a net loss of approximately 159 million yuan during the reporting period[99]. Strategic Partnerships - The company has established a professional agricultural service company, Jin Feng Agricultural Service Co., Ltd., to provide comprehensive services addressing modern agricultural development challenges[91]. - The company has partnered with international financial institutions like the World Bank Group's International Finance Corporation (IFC) and the Asian Development Bank to enhance agricultural service offerings[92]. - The company announced a strategic partnership with a leading agricultural technology firm to enhance research and development capabilities[174]. Financial Management - The company retained undistributed profits primarily for daily operations and investment needs, enhancing its risk resistance capabilities[122]. - The company is actively pursuing mergers and acquisitions to expand its market presence, with ongoing discussions regarding asset purchases[172]. - The company reported accounts receivable and accounts payable of 604,630,710.77 yuan and 5,062,171,287.60 yuan respectively, reflecting significant changes in financial reporting due to accounting policy adjustments[134]. - The company has included several new subsidiaries in its consolidated financial statements, expanding its investment scope significantly[136].

Financial Performance - The company's operating revenue for Q1 2019 was ¥4,389,379,138.74, a decrease of 36.14% compared to ¥6,873,888,008.08 in the same period last year[7]. - The net profit attributable to shareholders was ¥274,153,787.94, down 48.27% from ¥530,010,175.83 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥262,045,430.36, reflecting a decline of 49.19% compared to ¥515,688,254.37 in the previous year[7]. - Basic earnings per share decreased by 52.94% to ¥0.08 from ¥0.17 year-on-year[7]. - The company's net profit for Q1 2019 was not explicitly stated, but the decrease in revenue and costs suggests a significant impact on profitability[36]. - The net profit for Q1 2019 was CNY 261,613,503.63, down 57% from CNY 614,029,531.13 in Q1 2018[38]. - The total comprehensive income for Q1 2019 was CNY 245,080,993.43, a decline from CNY 606,899,877.68 in Q1 2018[39]. - The company reported a total profit of CNY 320,708,236.43 for Q1 2019, down from CNY 710,963,115.18 in Q1 2018[38]. - The operating profit for Q1 2019 was CNY 317,537,318.69, compared to CNY 710,262,620.75 in the previous year, reflecting a significant decrease[38]. Cash Flow - The net cash flow from operating activities was -¥1,385,871,960.12, worsening by 99.58% from -¥694,383,255.69 in the same period last year[7]. - Net cash flow from operating activities decreased by RMB 691,488,704.43, primarily due to a significant decline in cash paid for goods and services[19]. - The cash flow from operating activities was CNY 4,150,074,563.50 in Q1 2019, compared to CNY 6,740,474,494.36 in the previous year, indicating a decline in cash inflow[45]. - Total cash inflow from operating activities was 2,649,883,446.22 yuan, down from 5,198,002,293.50 yuan year-over-year, reflecting a decrease of approximately 48.9%[50]. - The net cash flow from operating activities was -1,065,481,401.30 yuan, compared to -461,862,895.89 yuan in the previous period, indicating a decline in operational performance[50]. - Cash outflow for purchasing goods and services was 3,034,947,849.01 yuan, compared to 5,267,222,510.63 yuan in the previous period, a reduction of about 42.3%[50]. - The net cash flow from financing activities increased by RMB 136,648,115.14, mainly due to an increase in cash received from borrowings[19]. - Cash inflow from financing activities totaled 701,987,950.00 yuan, an increase from 377,722,579.80 yuan year-over-year, representing an increase of approximately 85.5%[51]. - The net cash flow from financing activities was 395,926,768.55 yuan, compared to 370,702,983.90 yuan in the previous period, showing a slight increase[51]. Assets and Liabilities - Total assets at the end of the reporting period increased by 18.51% to ¥26,795,223,244.65 from ¥22,609,574,967.94 at the end of the previous year[7]. - Total assets as of March 31, 2019, reached CNY 23,532,265,465.68, an increase from CNY 19,891,146,954.19 at the end of 2018, representing a growth of 18.3%[35]. - Total liabilities increased to CNY 14,701,130,223.71 from CNY 11,277,705,433.58, marking a rise of 30.5%[34]. - The total liabilities to equity ratio increased, indicating a higher leverage position for the company compared to the previous year[34]. - Total liabilities reached CNY 10,110,040,701.94, with current liabilities at CNY 8,927,758,600.01[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,284[10]. - The largest shareholder, Linyi Jinzhen Investment Holding Co., Ltd., held 37.28% of the shares, amounting to 1,226,880,000 shares[10]. - The net assets attributable to shareholders rose by 2.47% to ¥10,714,019,837.68 from ¥10,455,313,552.26 at the end of the previous year[7]. - Shareholders' equity totaled CNY 12,499,534,266.00, with equity attributable to the parent company at CNY 10,455,313,552.26[55]. Operational Changes - Accounts receivable increased by 177.18% to RMB 1,675,923,710.85, primarily due to the seasonal business operations of the subsidiary COMPO GmbH[14]. - Prepayments rose by 63.17% to RMB 8,529,885,292.87, attributed to increased advance payments for raw materials[14]. - Construction in progress increased by 35.81% to RMB 766,864,792.12, driven by the expansion of the subsidiary Jinzhengda Nuotai Chemical Co., Ltd.[14]. - Short-term borrowings increased by 34.07% to RMB 2,999,088,486.63, reflecting the company's need to supplement working capital[14]. - Sales expenses increased by 36.07% to RMB 507,457,316.03, due to higher sales costs from subsidiaries Jin Feng Gong She and newly added subsidiary Qin Tu Yi Hao[16]. - R&D expenses surged by 65.60% to RMB 103,675,406.12, reflecting increased investment in research and development activities[16]. - Financial expenses increased by 215.31% to RMB 12,884,488.03, primarily due to higher interest expenses from increased borrowings[16]. - Other income skyrocketed by 4918.34% to RMB 19,892,704.93, resulting from increased government subsidies related to operating activities[16]. Audit and Compliance - The company has not undergone an audit for the first quarter report[58]. - The report indicates that the company is applying new financial instrument and lease standards[58]. - The chairman of the company is Wan Lianbu[59].

证券代码：002470 证券简称：金正大 披露日期：2018 年 10 月 30 日 金正大生态工程集团股份有限公司 2018 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 金正大生态工程集团股份有限公司 KINGENTA ECOLOGICAL ENGINEERING GROUP CO.,LTD. 2018 年第三季度报告 所有董事均已出席了审议本次季报的董事会会议。 公司负责人万连步、主管会计工作负责人李计国及会计机构负责人(会计主 管人员)唐勇声明：保证季度报告中财务报表的真实、准确、完整。 金正大官方微信号 2 金正大生态工程集团股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 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） | 20,93 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 13,770,073,843.84, representing a 10.38% increase compared to CNY 12,474,591,308.36 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 837,614,915.37, up 5.44% from CNY 794,432,017.82 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 811,654,353.56, an increase of 5.55% compared to CNY 768,976,148.21 last year[18]. - Basic earnings per share increased to CNY 0.27, up 8.00% from CNY 0.25 in the previous year[18]. - The company reported a total comprehensive income of CNY 968.16 million, down from CNY 1.02 billion in the previous year[153]. - The operating costs for the first half of 2018 were CNY 12.68 billion, an increase of 10.9% from CNY 11.43 billion in the same period of 2017[152]. - The company expects a net profit for the first nine months of 2018 to be between 907.71 million and 1.18 billion, indicating a growth of 0% to 30% compared to the previous year[68]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 373,160,580.93, a significant decrease of 117.24% from CNY 2,164,528,372.35 in the same period last year[18]. - The net cash flow from investing activities improved to CNY 637,094,219.77 from -CNY 332,540,044.54, marking a 291.58% increase[45]. - The net cash flow from financing activities was CNY 382,268,354.02, a decline of 77.64% compared to CNY 1,704,275,036.21 in the prior period[159]. - The company received 340,500,000.00 in cash from investment activities, a decrease from 1,506,233,528.79 in the previous period[163]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,573,563,162.32, a 4.59% increase from CNY 19,671,044,284.74 at the end of the previous year[18]. - The company's total liabilities decreased slightly to CNY 7,768,940,402.04 from CNY 7,922,456,036.02, a reduction of about 1.93%[144]. - The company's equity attributable to shareholders rose to CNY 9,993,084,256.19 from CNY 9,412,287,551.61, reflecting an increase of approximately 6.17%[145]. Production and Capacity - The company has a production capacity of 7.4 million tons of various fertilizers, including compound fertilizers and bio-fertilizers, across multiple production bases in China[26]. - The company has developed and launched over 100 types of specialized compound fertilizers, including controlled-release fertilizers and water-soluble fertilizers, to meet diverse regional and crop needs[34]. - The company invested 123,000.00 million CNY in its subsidiary for a project to produce 600,000 tons of nitro compound fertilizer and 400,000 tons of water-soluble fertilizer, with a total investment of 126,886.05 million CNY by June 30, 2018[55]. Market and Sales - The revenue from ordinary compound fertilizer increased by 31.84% to CNY 4,950,816,180.25, accounting for 35.95% of total revenue[47]. - The eastern region contributed 50.69% of total revenue, amounting to CNY 6,979,399,072.89, with a year-on-year growth of 12.82%[48]. - The company has over 5,000 first-level agents and more than 100,000 second-level agents, with marketing channels covering the entire country[26]. Research and Development - The company has formed long-term cooperative relationships with over 40 research institutions and universities, enhancing its R&D capabilities in new fertilizer development[32]. - The company holds 217 invention patents as of the end of the reporting period, having obtained 1 new patent and applied for 3 additional patents in the first half of 2018[40]. - Research and development expenses decreased by 32.11% to CNY 104,056,654.65 from CNY 153,264,965.88, primarily due to reduced investment in R&D[45]. Environmental Compliance - The company reported a total SO2 emission of 76.55 tons, which is within the approved limit[110]. - The company achieved a NOX emission of 35 tons, also compliant with environmental standards[110]. - The company has implemented environmental protection facilities in accordance with the Environmental Impact Assessment Law[112]. Corporate Governance - All directors attended the board meeting to review the report, ensuring the accuracy and completeness of the financial statements[5]. - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not encountered any major litigation or arbitration matters during the reporting period[79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,221[125]. - The largest shareholder, Linyi Jinzhen Investment Holding Co., Ltd., holds 38.85% of the shares, totaling 1,226,880,000 shares, which are all pledged[125]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[129].

[Important Notices, Table of Contents, and Definitions](index=2&type=section&id=Section%201%20Important%20Notices%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section contains important disclaimers, the report's table of contents, and definitions of key terms used throughout [Important Notices](index=2&type=section&id=Important%20Notices) The board ensures the report's accuracy and approved the 2017 profit distribution plan - The company's 2017 profit distribution plan proposes a cash dividend of **RMB 0.80 (tax inclusive) per 10 shares** based on a total of 3,157,838,096 shares, with no bonus shares or capitalization of public reserves[6](index=6&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section presents the company's basic information and highlights key financial performance indicators for the reporting period [Key Accounting Data and Financial Indicators](index=7&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's revenue grew while net profit declined, but operating cash flow significantly improved due to optimized procurement models 2017 Key Financial Indicators | Indicator | 2017 | 2016 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 19,833,540,079.43 | 18,736,455,230.79 | 5.86% | | Net Profit Attributable to Shareholders (RMB) | 715,499,358.59 | 1,016,946,827.23 | -29.64% | | Net Cash Flow from Operating Activities (RMB) | 1,490,221,666.27 | 9,456,335.98 | 15,658.98% | | Basic Earnings Per Share (RMB/Share) | 0.23 | 0.32 | -28.13% | | Weighted Average Return on Net Assets | 7.81% | 12.03% | -4.22% | | Total Assets (RMB) | 19,671,044,284.74 | 14,979,111,775.17 | 31.32% | | Net Assets Attributable to Shareholders (RMB) | 9,412,287,551.61 | 8,957,801,000.12 | 5.07% | [Key Quarterly Financial Indicators](index=8&type=section&id=VIII.%20Key%20Quarterly%20Financial%20Indicators) The company was profitable in the first three quarters but incurred a loss in the fourth quarter, reflecting industry seasonality 2017 Quarterly Financial Indicators (Unit: RMB) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 5,713,251,270.61 | 6,761,340,037.75 | 6,443,274,944.88 | 915,673,826.19 | | Net Profit Attributable to Shareholders | 415,232,748.92 | 379,199,268.88 | 113,275,939.34 | -192,208,598.55 | [Non-recurring Profit and Loss Items and Amounts](index=8&type=section&id=IX.%20Non-recurring%20Profit%20and%20Loss%20Items%20and%20Amounts) Non-recurring profit and loss for 2017 totaled RMB 55.91 million, primarily from government subsidies - Non-recurring profit and loss in 2017 totaled **RMB 55.91 million**, a year-on-year increase of **22.45%**, mainly composed of government subsidies[27](index=27&type=chunk) [Company Business Summary](index=9&type=section&id=Section%203%20Company%20Business%20Summary) This section details the company's core business in fertilizers and agricultural services, its industry position, and competitive advantages [Main Business](index=9&type=section&id=I.%20Main%20Business%20During%20the%20Reporting%20Period) The company's main business covers new-type fertilizers, soil improvement, and a modern agricultural service platform - The company's main business is the R&D, production, and sales of a full range of products including compound fertilizers, slow/controlled-release fertilizers, and water-soluble fertilizers, as well as providing related crop solution services[29](index=29&type=chunk) - In 2017, the company initiated and established the holding subsidiary Kingenta Agricultural Service Co., Ltd., collaborating with the World Bank's IFC, Huaxia Bank, and the ADB to build a modern agricultural service platform offering soil improvement, full-course nutrition solutions, and land trusteeship services[31](index=31&type=chunk) [Industry Development and Company Position](index=10&type=section&id=II.%20Development%20Stage%20of%20the%20Industry%20and%20the%20Company's%20Position) The company is a leader in the competitive compound fertilizer market and a first-mover in the emerging agricultural services sector - The company's production and sales volume of compound fertilizers have ranked **first in China for eight consecutive years**, and its slow/controlled-release fertilizers have ranked **first for ten consecutive years with a market share exceeding 50%**[34](index=34&type=chunk) - The company is transitioning from a traditional manufacturer to a **"manufacturing + service" model**, providing comprehensive agricultural services through the Kingenta Agricultural Service platform to create a new model for modern agriculture[36](index=36&type=chunk) [Core Competitiveness Analysis](index=11&type=section&id=III.%20Core%20Competitiveness%20Analysis) The company's core competitiveness lies in its technology, product portfolio, brand recognition, marketing network, and management team - **Technology Advantage**: Possesses multiple national-level high-end R&D platforms, including a National Certified Enterprise Technology Center and a State Key Laboratory, with **216 invention patents** as of the report date[39](index=39&type=chunk) - **Brand Advantage**: Owns two "China Well-known Trademarks," "Jindadi" and "Wofute," and was the **only agricultural enterprise selected for the "National Brand Plan"** in 2017[41](index=41&type=chunk) - **Marketing Advantage**: Established a service system centered on agrochemical services, built the Jinfeng Commune modern agricultural service platform, and possesses a vast network of over **5,000 primary and 100,000 secondary distributors**[42](index=42&type=chunk) [Discussion and Analysis of Operations](index=13&type=section&id=Section%204%20Discussion%20and%20Analysis%20of%20Operations) This section provides a detailed review of the company's 2017 operational performance, financial condition, and future outlook [Overview](index=13&type=section&id=I.%20Overview) In 2017, the company achieved revenue growth of 5.86% to RMB 19.83 billion but saw net profit fall by 29.64% to RMB 715 million 2017 Operating Performance Overview | Indicator | Amount | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 19.834 billion RMB | +5.86% | | Net Profit Attributable to Shareholders | 715 million RMB | -29.64% | - The company made progress in four areas: marketing transformation driving solution sales; the Jinfeng Commune agricultural service platform taking shape; technological innovation yielding **18 new authorized invention patents**; and comprehensive management enhancing operational capabilities[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) [Main Business Analysis](index=13&type=section&id=II.%20Main%20Business%20Analysis) The company's revenue mix shifted with significant growth in new businesses, while traditional fertilizer sales declined and expenses rose [Revenue and Costs](index=14&type=section&id=2.%20Revenue%20and%20Costs) Revenue grew to RMB 19.83 billion, driven by explosive growth in new products like potting soil, offsetting declines in core fertilizers 2017 Revenue Composition and YoY Change | Product Category | Operating Revenue (RMB) | % of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Conventional Compound Fertilizer | 7,740,374,385.57 | 39.03% | 5.96% | | Controlled-Release Compound Fertilizer | 4,310,980,004.47 | 21.74% | -13.27% | | Nitro-Compound Fertilizer | 831,642,950.95 | 4.19% | -29.68% | | Water-Soluble Fertilizer | 389,832,022.05 | 1.97% | -33.17% | | Potting Soil | 876,034,443.61 | 4.42% | 452.90% | | Plant Protection Fertilizer | 767,467,667.70 | 3.87% | 406.81% | | Plant Protection Products | 439,805,457.89 | 2.22% | 375.92% | | Lawn Seed | 149,738,724.11 | 0.75% | 1,958.81% | - Total sales volume in the fertilizer industry was **6.8921 million tons**, a year-on-year increase of **11.57%**[57](index=57&type=chunk) [Expenses](index=17&type=section&id=3.%20Expenses) Sales expenses increased by 43.06% due to the consolidation of COMPO GmbH, while finance costs decreased significantly 2017 Period Expense Changes (Unit: RMB) | Expense Item | 2017 | 2016 | YoY Change | Reason for Significant Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 1,456,045,880.76 | 1,017,797,412.64 | 43.06% | Primarily due to selling expenses from the operations of subsidiary COMPO GmbH | | Administrative Expenses | 816,765,468.86 | 926,595,435.33 | -11.85% | - | | Financial Expenses | -8,288,827.60 | -40,023,789.08 | -79.29% | Primarily due to a decrease in foreign exchange gains at the German subsidiary | [R&D Investment](index=17&type=section&id=4.%20R&D%20Investment) R&D investment was RMB 439.66 million, representing 2.22% of revenue, with an increase in R&D personnel 2017 R&D Investment | Indicator | 2017 | 2016 | Change | | :--- | :--- | :--- | :--- | | Number of R&D Personnel | 702 | 680 | 3.24% | | R&D Investment Amount (RMB) | 439,655,389.93 | 459,257,696.17 | -4.27% | | R&D Investment as % of Revenue | 2.22% | 2.45% | -0.23% | [Cash Flow](index=18&type=section&id=5.%20Cash%20Flow) Operating cash flow surged by 15,658.98% to RMB 1.49 billion due to increased use of bank acceptance bills for procurement - Net cash flow from operating activities increased dramatically by **15,658.98%** year-on-year, primarily due to increased use of bank acceptance bills for raw material procurement, which reduced cash outflows[70](index=70&type=chunk) [Analysis of Assets and Liabilities](index=19&type=section&id=IV.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets grew by 31.32% to RMB 19.67 billion, with a significant increase in cash and cash equivalents - Cash and cash equivalents at the end of the period increased by **136.34%** from the beginning, mainly due to higher net cash flows from operating and financing activities[73](index=73&type=chunk) - Long-term borrowings at the end of the period increased by **58.52%** from the beginning, primarily due to increased long-term borrowings by the company's subsidiary, Kingenta Hong Kong[73](index=73&type=chunk) [Investment Analysis](index=20&type=section&id=V.%20Investment%20Analysis) The company's investment reached RMB 1.73 billion, including establishing an agricultural service company and acquiring a stake in an agricultural machinery firm Major Equity Investments During the Reporting Period | Investee Company Name | Investment Method | Investment Amount (RMB) | Shareholding Ratio | Funding Source | | :--- | :--- | :--- | :--- | :--- | | Kingenta Agricultural Service Co., Ltd. | New Establishment | 1,400,000,000.00 | 48.95% | Own Funds | | Deutz-Fahr Machinery Co., Ltd. | Acquisition | 64,400,000.00 | 10.00% | Own Funds | [Future Outlook](index=27&type=section&id=IX.%20Future%20Outlook) The company aims to become a world-leading plant nutrition expert and will focus on five key business segments in 2018 - The company's vision is to become a **"world-leading plant nutrition expert and crop solution provider"**, transforming from a production-oriented enterprise to an innovative, service-oriented, platform-based, and international corporate group[96](index=96&type=chunk)[97](index=97&type=chunk) - The 2018 business plan focuses on five major segments: **fertilizer manufacturing, soil remediation, collaborative partnerships, overseas markets, and agricultural services**, driving the company's shift from "manufacturing" to "manufacturing + service"[98](index=98&type=chunk) - The main risks faced by the company include **raw material price volatility, market operating risks** (overcapacity, intense competition), and **human resource risks**[104](index=104&type=chunk)[105](index=105&type=chunk)[106](index=106&type=chunk) [Significant Matters](index=30&type=section&id=Section%205%20Significant%20Matters) This section covers key corporate actions including profit distribution, equity incentives, and major related-party transactions [Profit Distribution and Capitalization of Capital Reserve](index=30&type=section&id=I.%20Profit%20Distribution%20and%20Capitalization%20of%20Capital%20Reserve%20for%20Common%20Shares) The company proposed a cash dividend of RMB 0.80 per 10 shares for 2017, representing a 35.31% payout ratio Cash Dividend Distribution in the Last Three Years (Unit: RMB) | Dividend Year | Cash Dividend Amount (tax inclusive) | Ratio to Net Profit Attributable to Common Shareholders | | :--- | :--- | :--- | | 2017 | 252,627,047.68 | 35.31% | | 2016 | 315,002,914.60 | 30.98% | | 2015 | 156,957,359.80 | 14.11% | [Implementation of Equity Incentive Plan](index=34&type=section&id=XV.%20Implementation%20of%20Equity%20Incentive%20Plan%2C%20Employee%20Stock%20Ownership%20Plan%2C%20or%20Other%20Employee%20Incentive%20Measures) During the second exercise period, 11.62 million stock options were exercised, but the third period's options were canceled due to unmet performance targets - The conditions for the second exercise period of the stock option incentive plan were met, with incentive recipients exercising **11,620,050 shares** between January 1 and November 30, 2017[134](index=134&type=chunk) - Due to the company's failure to meet performance targets (net profit growth rate in 2016 was below 110%), the conditions for the third exercise period of the stock option plan were not met, and the relevant options were **canceled**[130](index=130&type=chunk) [Significant Related-Party Transactions](index=37&type=section&id=XVI.%20Significant%20Related-Party%20Transactions) The company engaged in ordinary course business transactions with related parties, with the largest being sales of RMB 802 million to an affiliate - The company had a significant sales transaction with a related party, Shaanxi Nongshangyihao E-commerce Co., Ltd., amounting to **RMB 802 million**, which accounted for **4.04% of total annual sales**[135](index=135&type=chunk) [Changes in Share Capital and Shareholders](index=50&type=section&id=Section%206%20Changes%20in%20Share%20Capital%20and%20Shareholders) This section details changes in the company's share structure and provides an overview of its major shareholders and ultimate controller [Changes in Share Capital](index=50&type=section&id=I.%20Changes%20in%20Share%20Capital) Total share capital increased by 11.62 million shares to 3.16 billion shares due to the exercise of stock options - The company's total share capital increased by **11,620,050 shares** due to the exercise of options during the second exercise period of the stock option incentive plan[167](index=167&type=chunk)[168](index=168&type=chunk) [Shareholders and Actual Controller](index=52&type=section&id=III.%20Shareholders%20and%20Actual%20Controller) The controlling shareholder holds 38.85% and the actual controller holds 18.15%, with a total of 45,619 shareholders at year-end Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio | Shares Held at Period End | | :--- | :--- | :--- | :--- | | Linyi Kingenta Investment Holding Co., Ltd. | Domestic Non-State-Owned Legal Entity | 38.85% | 1,226,880,000 | | Wan Lianbu | Domestic Natural Person | 18.15% | 573,120,000 | | Youngor Investment Co., Ltd. | Domestic Non-State-Owned Legal Entity | 4.26% | 134,600,000 | | Shanxi Securities Co., Ltd. | State-Owned Legal Entity | 1.33% | 42,000,000 | | Hong Kong Securities Clearing Company Ltd. | Foreign Legal Entity | 1.16% | 36,748,720 | [Directors, Supervisors, Senior Management, and Employees](index=57&type=section&id=Section%208%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section outlines changes in shareholdings of directors and senior management and provides a breakdown of the company's employee structure [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=57&type=section&id=I.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) Several senior managers increased their shareholdings by exercising stock options during the reporting period - Several senior executives increased their shareholdings by exercising options, with Vice Chairman Chen Hongkun and Deputy General Manager Yan Mingxiao each acquiring **300,000 shares**[183](index=183&type=chunk)[184](index=184&type=chunk) [Employee Information](index=65&type=section&id=V.%20Employee%20Information) The company had 8,519 employees at year-end, with production staff forming the largest group at 55.2% Employee Professional Composition | Professional Category | Number of People | | :--- | :--- | | Production Personnel | 4,702 | | Sales Personnel | 1,892 | | Technical Personnel | 871 | | Financial Personnel | 151 | | Administrative Personnel | 903 | | **Total** | **8,519** | [Corporate Governance](index=67&type=section&id=Section%209%20Corporate%20Governance) This section describes the company's governance framework, compliance status, and the results of its internal control evaluation [Basic Situation of Corporate Governance](index=67&type=section&id=I.%20Basic%20Situation%20of%20Corporate%20Governance) The company's governance practices comply with regulatory requirements, ensuring operational independence and a sound internal control system - The company's actual governance situation complies with the normative documents of the CSRC and the Shenzhen Stock Exchange, and no administrative regulatory measures were received from regulatory authorities[212](index=212&type=chunk) [Internal Control Evaluation Report](index=72&type=section&id=IX.%20Internal%20Control%20Evaluation%20Report) The self-assessment concluded that the company's internal control system was sound and effective, with no material weaknesses identified - According to the company's internal control evaluation report, no material or significant deficiencies were found in financial or non-financial reporting during the period[227](index=227&type=chunk)[228](index=228&type=chunk) [Financial Report](index=75&type=section&id=Section%2011%20Financial%20Report) This section presents the audited financial statements for 2017, including the auditor's opinion and key financial data [Audit Report](index=75&type=section&id=I.%20Audit%20Report) The auditor issued a standard unqualified opinion, identifying revenue recognition, inventory impairment, and goodwill impairment as key audit matters - The audit firm issued a **standard unqualified audit opinion**[233](index=233&type=chunk) - Key audit matters were: **revenue recognition, impairment of inventories, and impairment of goodwill**[235](index=235&type=chunk)[236](index=236&type=chunk)[237](index=237&type=chunk) [Financial Statements](index=77&type=section&id=II.%20Financial%20Statements) The statements show year-end total assets of RMB 19.67 billion and full-year net profit attributable to parent of RMB 715 million Key Data from 2017 Year-End Consolidated Balance Sheet (Unit: RMB) | Item | Closing Balance | | :--- | :--- | | Total Assets | 19,671,044,284.74 | | Total Liabilities | 7,922,456,036.02 | | Total Equity Attributable to Parent Company | 9,412,287,551.61 | Key Data from 2017 Consolidated Income Statement (Unit: RMB) | Item | Current Period Amount | | :--- | :--- | | Total Operating Revenue | 19,833,540,079.43 | | Total Operating Costs | 18,966,174,389.83 | | Total Profit | 932,149,736.91 | | Net Profit Attributable to Parent Company | 715,499,358.59 | [List of Documents for Inspection](index=175&type=section&id=Section%2012%20List%20of%20Documents%20for%20Inspection) This section lists the statutory documents available for shareholder inspection

金正大生态工程集团股份有限公司 2018 年第一季度报告正文 证券代码：002470 证券简称：金正大 公告编号：2018-044 金正大生态工程集团股份有限公司 KINGENTA ECOLOGICAL ENGINEERING GROUP CO.,LTD. 2018 年第一季度报告正文 证券代码：002470 证券简称：金正大 1 金正大生态工程集团股份有限公司 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。 公司负责人万连步、主管会计工作负责人李计国及会计机构负责人(会计主 管人员)唐勇声明：保证季度报告中财务报表的真实、准确、完整。 金正大官方微信号 2 金正大生态工程集团股份有限公司 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 | | --- | --- ...