Financial Performance - The company's revenue for Q3 2021 was ¥260,308,605.87, representing a 3.96% increase compared to the same period last year, but a 72.17% decrease year-to-date[3]. - The net profit attributable to shareholders for Q3 2021 was -¥36,798,844.44, a decline of 107.74% year-over-year, and a year-to-date net profit of ¥18,408,855.50, down 99.18%[3]. - Total operating revenue for Q3 2021 was CNY 761.80 million, a decrease from CNY 2,737.46 million in the same period of 2020, representing a decline of approximately 72.1%[26]. - Net profit for Q3 2021 was CNY 13.54 million, significantly lower than CNY 2,233.53 million in Q3 2020, reflecting a decline of approximately 99.4%[27]. - Basic earnings per share for Q3 2021 were CNY 0.0389, a sharp drop from CNY 4.4597 in Q3 2020, indicating a decrease of approximately 99.2%[27]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥286,449,896.64, an increase of 201.89%[3]. - The net cash flow from operating activities for the first nine months of 2021 was ¥286,449,896.64, a significant increase of 201.89% compared to a net cash outflow of ¥281,148,793.48 in the same period of 2020[15]. - Cash inflow from operating activities totaled ¥1,186,188,146.29, down 67.7% from ¥3,678,842,888.24 in the prior period[29]. - Cash outflow from operating activities decreased to ¥899,738,249.65, a reduction of 77.3% compared to ¥3,959,991,681.72 in the previous period[29]. - The net cash flow from investment activities was ¥806,312,797.31, down 66.4% from ¥2,396,580,835.15 in the prior period[30]. Assets and Liabilities - Total assets as of September 30, 2021, were ¥5,411,768,764.92, down 12.92% from the end of the previous year[4]. - The company's total assets as of September 30, 2021, were CNY 5,411.77 million, down from CNY 6,214.40 million at the end of 2020, a decrease of about 12.9%[25]. - Total liabilities increased to CNY 1,015.74 million in Q3 2021 from CNY 729.58 million in Q3 2020, marking an increase of approximately 39.3%[25]. - Total current assets amounted to ¥3,067,672,634.47, a decrease from ¥3,971,758,797.52 at the end of 2020[23]. - The company's cash and cash equivalents stood at ¥1,693,977,525.57 as of September 30, 2021, compared to ¥1,669,524,693.57 at the end of 2020[22]. Shareholder Information - As of September 30, 2021, the total number of ordinary shareholders was 52,595, with the top ten shareholders holding significant stakes in the company[17]. - The largest shareholder, Shi Jubin, holds 28.29% of the shares, amounting to 129,289,218 shares, with 96,966,913 shares under pledge[18]. - The company completed the cancellation of 58,706,182 repurchased shares on July 2, 2021, reducing the total share capital from 515,684,160 shares to 456,977,978 shares[19]. Investment and Expenses - The company reported a significant decrease in investment income, down 99.74% to ¥8,260,980.80, primarily due to the previous year's transfer of 100% equity in Haomusi[13]. - Research and development expenses for Q3 2021 were CNY 25.80 million, slightly up from CNY 25.68 million in Q3 2020, indicating a stable investment in innovation[26]. - The company reported a financial expense of CNY -42.01 million in Q3 2021, compared to CNY 0.90 million in the previous year, reflecting a significant change in financial management[26]. Social Responsibility - The company donated ¥10 million in cash and products to support flood relief efforts in July 2021, demonstrating its commitment to social responsibility[20]. Audit and Reporting - The company has not undergone an audit for the third quarter report[37]. - The report was released by the board of directors on October 27, 2021[38].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥501,491,840.69, a decrease of 79.84% compared to ¥2,487,081,297.57 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥55,207,699.94, down 97.55% from ¥2,256,199,748.17 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥232,662.81, a turnaround from a loss of ¥83,688,030.59 in the previous year, representing a 100.28% increase[21]. - Basic and diluted earnings per share were both ¥0.11, down 97.55% from ¥4.49 in the previous year[21]. - The company's total revenue for the reporting period was ¥501,491,840.69, a decrease of 79.84% compared to ¥2,487,081,297.57 in the same period last year[73]. - The cost of goods sold was ¥333,623,344.22, down 82.09% from ¥1,863,098,228.85 year-on-year[73]. - Sales volume decreased by 77.25% to 14,177.04 tons compared to 62,303.94 tons in the same period last year[63]. - The revenue from the food industry accounted for 88.47% of total revenue, amounting to ¥443,677,104.62, down 81.83% from ¥2,442,463,161.13[77]. - The revenue from red dates and related products was ¥356,552,028.70, representing 71.10% of total revenue, with a year-on-year increase of 16.36%[77]. - The company achieved a total revenue of 472.73 million RMB in the first half of 2021, with a gross margin of 33.58%[53]. Cash Flow and Assets - The net cash flow from operating activities was ¥247,215,340.91, a decrease of 24.04% from ¥325,452,545.56 in the same period last year[21]. - The company’s cash and cash equivalents decreased by 91.59% to ¥202,021,161.98 from ¥2,402,154,720.65 year-on-year[74]. - Cash and cash equivalents at the end of the reporting period were approximately ¥1.75 billion, representing 32.27% of total assets, an increase of 5.40% from the previous year[86]. - The company's total assets at the end of the reporting period were ¥5,427,743,604.84, down 12.66% from ¥6,214,397,083.39 at the end of the previous year[21]. - The company's current assets totaled CNY 3,116,805,826.14, down from CNY 3,971,758,797.52 at the end of 2020, indicating a decline of approximately 21.6%[182]. - The total liabilities of the company reached CNY 993,521,868.63, compared to CNY 729,581,110.38 at the end of 2020, representing an increase of approximately 36.2%[183]. - The company's inventory decreased to approximately ¥298.96 million, representing 5.51% of total assets, down 0.64% year-over-year due to gradual sales[86]. Strategic Initiatives - The company has established a product matrix centered around red dates, integrating various health food products such as silver fungus, lily, goji berries, and hawthorn[28]. - The company launched the "Light Nourishment Young Life Experience Hall," enhancing offline store experiences and increasing customer engagement[40]. - The company opened a Tmall flagship store for its strategic product "Qing Fei Fei," aiming to establish it as a national health food brand[40]. - The company plans to develop high-end wedding products, including "happy dates" and personalized services, to cater to the wedding market[42]. - The company is focusing on digital and information management in its procurement process to ensure transparency and efficiency[37]. - The company is leveraging social media platforms like Douyin and Kuaishou for brand promotion and marketing[33]. - The company aims to support the national rural revitalization strategy by integrating the first, second, and third industries[30]. - The company has established a strategic investment center to explore investment opportunities in new consumption, health, and food and medicine homology sectors[44]. Risk Management and Compliance - The report includes potential risk factors that may adversely affect the company's future development and operational goals[4]. - The company has established a risk management system to mitigate raw material price fluctuations, including setting up production bases in major raw material production areas[101]. - The company has implemented a comprehensive food safety management system, achieving certifications such as ISO9001 and HACCP[102]. - The company has established strict internal controls for its futures hedging business to manage associated risks[95]. - The company has a risk control policy in place that aligns with its hedging business, ensuring sufficient self-owned funds for margin requirements[100]. Shareholder and Governance - The company plans to distribute cash dividends of 10.00 CNY per 10 shares, totaling 469.6853 million CNY for the year 2020[118]. - The company repurchased a total of 58,706,182 shares for a total amount of 657.1406 million CNY, with 633.9959 million CNY spent during the reporting period[118]. - The actual controller of the company, Mr. Shi Jubin, has committed to avoid any competition with the company and its subsidiaries, ensuring no direct or indirect involvement in competing businesses[124]. - The commitment made by the actual controller is unconditional and irrevocable, with a promise to compensate for any losses incurred by the company or its shareholders due to violations[124]. - The company commits to distributing at least 10% of the annual distributable profit in cash to shareholders, with a cumulative distribution of no less than 30% of the average annual distributable profit over three years (2020-2022)[131]. Environmental and Social Responsibility - The company has established a wastewater treatment plant with a designed capacity of 3,000 tons per day, ensuring compliance with environmental discharge standards[112]. - The company reported no administrative penalties related to environmental issues during the reporting period[117]. - The company has implemented a creative agricultural assistance program, focusing on local specialty agricultural products and leveraging its brand and marketing resources[120].

证券代码：002582 证券简称：好想你 公告编号：2021-036 好想你健康食品股份有限公司关于 参加河南辖区上市公司 2021 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，好想你健康食品股份有限公司定于2021 年6月8日（周二）16:00-17:20参加在全景网举办的"真诚沟通 传递价值"河南 辖区上市公司2021年投资者网上集体接待日活动，本次活动将采用网络远程的方 式举行，投资者可登录"全景·路演天下"（http：//rs.p5w.net）参与本次互动交 流。 出席本次网上集体接待日活动的人员有：董事会秘书豆妍妍女士、财务总监 王帅先生（如有特殊情况，参会人员将可能进行调整），欢迎广大投资者积极参 与。 特此公告。 好想你健康食品股份有限公司 董事会 2021 年 6 月 3 日 ...

Financial Performance - The company's revenue for Q1 2021 was ¥325,850,524.38, representing a decrease of 81.63% compared to ¥1,773,904,316.69 in the same period last year[8] - Net profit attributable to shareholders was ¥36,006,905.50, an increase of 23.42% from ¥29,174,234.79 year-on-year[8] - Basic earnings per share increased by 16.67% to ¥0.07 from ¥0.06 in the same period last year[8] - Operating revenue fell by 81.63% to ¥325,850,524.38, mainly because the company no longer consolidated Haomusi into its financial statements[17] - Operating costs decreased by 83.44% to ¥212,604,474.09, attributed to the same reason as the decline in operating revenue[17] - The net profit attributable to shareholders for the first half of 2021 is expected to be approximately CNY 2,700,000, a decrease of 98.23% compared to CNY 225,619,970 in the same period last year[27] - Basic earnings per share for the same period are projected to be CNY 0.0549, down 98.19% from CNY 4.4949 in the previous year[27] Cash Flow - The net cash flow from operating activities was ¥135,640,734.45, down 50.09% from ¥271,778,999.20 in the previous year[8] - Cash and cash equivalents increased by 14.48% to ¥1,911,296,505.63 due to the redemption of financial products during the reporting period[16] - The cash inflow from operating activities totaled CNY 511.03 million, a decrease from CNY 2.30 billion in the same period last year, indicating a significant drop in cash flow[50] - The net cash flow from operating activities was CNY 17,374,351.05, a recovery from a negative cash flow of CNY -17,092,833.13 in the previous period[54] - The net cash flow from financing activities was negative at CNY -181,933,704.75, a decline from CNY -123,304,175.92 in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,077,203,617.58, a decrease of 2.21% from ¥6,214,397,083.39 at the end of the previous year[8] - Total liabilities decreased slightly to CNY 662,938,467.77 from CNY 675,426,278.17, a reduction of approximately 1.5%[42] - The company's total equity as of March 31, 2021, was CNY 5,387,239,744.34, down from CNY 5,549,711,132.53, representing a decline of about 2.9%[42] - Total assets amounted to CNY 6,214,397,083.39, a decrease of CNY 33,255,521.71 compared to the previous period[58] - Total liabilities were CNY 729,581,110.38, down by CNY 33,255,521.71 compared to the previous period[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,072[12] - The largest shareholder, Shi Jubin, holds 25.07% of the shares, amounting to 129,289,218 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] - The company repurchased a total of 16,679,011 shares, accounting for 3.23% of the total share capital, with a total transaction amount of ¥196,756,702.21[19] Investment and Income - Investment income increased by 541.68% to ¥16,012,363.67, primarily due to gains from financial products held during the reporting period[18] - The company reported a significant increase in interest income, which rose to CNY 17.49 million from CNY 2.26 million, marking a growth of over 670%[47] - The company reported an investment income of CNY 7.10 million, a recovery from a loss of CNY 5.27 million in the previous year, showing a positive turnaround in investment performance[47] Inventory and Costs - Inventory decreased by 22.76% to ¥295,410,284.49, primarily due to the sale of inventory prepared for the New Year festival[16] - The company recognized a credit impairment loss of ¥3,676,721.66, a 289.64% increase due to the reversal of bad debts during the reporting period[18] Risk Management - The company has implemented a hedging strategy to mitigate price volatility risks associated with raw materials, specifically in red dates and sugar futures[26] - The company has established a risk control system to ensure effective management of its hedging activities[26] Accounting and Compliance - The company has not reported any significant changes in its accounting policies or principles during the reporting period[27] - There were no instances of non-compliance with external guarantees during the reporting period[30] - The company has implemented new leasing standards starting in 2021, with no retrospective adjustments made to prior comparative data[62]

Financial Performance - The company's operating revenue for 2020 was ¥3,001,375,668.95, a decrease of 49.65% compared to ¥5,961,168,475.57 in 2019[17]. - Net profit attributable to shareholders reached ¥2,155,054,097.51, marking an increase of 1,018.80% from ¥192,622,682.74 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was -¥119,637,993.90, a decline of 407.59% compared to ¥38,895,472.78 in 2019[17]. - The basic earnings per share for 2020 was ¥4.29, up 1,028.95% from ¥0.38 in 2019[17]. - The weighted average return on equity was 48.42%, an increase of 42.66 percentage points from 5.76% in 2019[17]. - The company reported a net cash flow from operating activities of ¥334,997,959.50, down 29.77% from ¥477,006,821.92 in 2019[17]. - The total assets at the end of 2020 were ¥6,214,397,083.39, a decrease of 3.27% from ¥6,424,519,593.12 at the end of 2019[18]. - The company achieved operating revenue of 3.001 billion yuan, a year-on-year decrease of 49.65%, while net profit attributable to shareholders reached 2.155 billion yuan, a year-on-year increase of 1018.80%[44]. Business Transformation - The company underwent a business transformation, selling Hangzhou Haomusi Food Co., Ltd. in June 2020, refocusing on the research, production, and sales of health foods primarily based on red dates[16]. - The company has shifted its focus back to the red date business, developing a health food system centered around red dates and related products[27]. - The company aims to lead the red date industry towards high-end, innovative, and healthy development, reinforcing its market position[27]. - The company sold its 100% stake in Haomusi, refocusing its business on the research, production, and sales of health foods centered around red dates and food-medicine homologous products[77]. Product Development and Innovation - The company has developed a comprehensive sales network across e-commerce, specialty stores, supermarkets, and exports, providing a seamless shopping experience[38]. - New products launched include collagen peptide fruit tremella soup and red date tremella bird's nest soup, targeting high-end consumer segments[47]. - The company has obtained 11 new patents, including a red date pitting device, to enhance product innovation and competitiveness in the high-end market[46]. - The company launched new high-end red date products and upgraded existing ones, enhancing its competitive edge in the health gift market[82]. - The strategic product "Qing Fei Fei" is positioned as a national health product, targeting the growing demand for convenient health foods among younger consumers[110]. Sales and Marketing - The company’s e-commerce sales accounted for over 80% of total revenue during the reporting period, highlighting the importance of online channels[54]. - The average store efficiency for direct-operated stores was 22,900 yuan per square meter, with a focus on enhancing retail performance through community engagement and online integration[54]. - The company implemented a brand upgrade project, establishing a high-end brand positioning and launching a marketing campaign with celebrity endorsement[48]. Corporate Social Responsibility - The company donated 5 million yuan in cash and products to support pandemic relief efforts, demonstrating corporate social responsibility[53]. - The company invested a total of 13,021.18 thousand yuan in poverty alleviation efforts, helping 50 registered impoverished individuals to escape poverty[186]. - The company provided vocational skills training to 9,943 individuals as part of its poverty alleviation initiatives[185]. - The company has committed to social responsibility by publishing a dedicated social responsibility report alongside its annual report[183]. Financial Management and Investments - The company reported a significant increase in income tax expenses, which rose by 1,484.47% to CNY 763.61 million, attributed to a substantial increase in profit following the sale of Haomusi[80]. - The company achieved an investment income of ¥3,120,855,365.93 from the sale of Haomusi's 100% equity, contributing 107.18% to total profit[88]. - The company's investment amount for the reporting period reached ¥6,306,214,057.80, representing a significant increase of 265.84% compared to ¥1,723,781,193.48 in the previous year[95]. - The company reported a net cash flow from financing activities of -¥942,703,179.08, a decline of 793.78% due to reduced bank borrowings[85]. Shareholder Returns and Dividends - The company reported a cash dividend of 10 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[5]. - For the 2020 fiscal year, the company plans to distribute a cash dividend of 10.00 CNY per 10 shares, with a total cash dividend amount of 500,489,488 CNY[130]. - The company's net profit for 2020 was 2,155,054,090 CNY, with a profit distribution ratio of 22.15%[128]. - The company has maintained a cash dividend payout ratio of at least 40% during its mature development stage[129]. Risk Management - The company faces risks related to raw material price fluctuations and food safety, with measures in place to mitigate these risks[119][120]. - The company has implemented a comprehensive internal control system to manage risks associated with derivative investments[98]. - The company has approved a risk management system for futures hedging, ensuring that the margin for hedging does not exceed 10% of the latest audited net asset value[99]. Environmental Responsibility - The company has a wastewater treatment facility with a designed capacity of 3,000 tons per day, ensuring compliance with environmental discharge standards[189]. - The company achieved a score of 81.3 in the clean production audit, meeting the required standards for clean production practices[193]. - The company has publicly disclosed its environmental monitoring data, allowing for public oversight and guidance[192]. Corporate Governance - The company has committed to strict compliance with regulations regarding shareholding and management personnel's share reduction[136]. - The company has outlined a long-term effective commitment to avoid and regulate related party transactions[139]. - The company has established a commitment to disclose any similar business operations or assets held by the actual controller[138].

Financial Performance - Operating revenue decreased by 78.85% to CNY 250,382,729.29 compared to the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 17,713,505.06, a decrease of 562.56% compared to the same period last year[8] - Basic earnings per share were negative CNY 0.0353, a decrease of 564.47% compared to the same period last year[8] - The company's operating revenue for the first nine months of 2020 decreased by 32.26% to ¥2,737,464,026.86, mainly due to the exclusion of Haomusi from the consolidated financial statements starting June 2020[22] - The company reported a significant decrease in inventory, with CNY 59,514,690.88 as of September 30, 2020, down from CNY 130,833,384.12 in the previous year, a decline of approximately 54.5%[50] - The company's total revenue for the third quarter was approximately CNY 400.90 million, a decrease of 27.7% compared to CNY 554.96 million in the same period last year[66] - The total profit for the quarter was -¥730,212.74, a decline from ¥7,364,514.03 in the same period last year[59] Assets and Liabilities - Total assets increased by 3.77% to CNY 6,666,497,643.75 compared to the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 64,731[14] - The total liabilities amount to CNY 1,073,094,089.67, a decrease from CNY 3,021,478,007.94 in the previous year[46] - The company's total liabilities decreased to CNY 1,009,067,915.24 in Q3 2020 from CNY 1,130,602,011.90 in the previous year, a reduction of approximately 10.7%[51] - The total current liabilities were 2,755,314,375.45 CNY, unchanged from the previous period[80] Cash Flow - Net cash flow from operating activities was negative CNY 606,601,339.04, a decrease of 2,351.97% compared to the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY 281.15 million, contrasting with a net inflow of CNY 676.79 million in the same period last year[71] - The net cash flow from investment activities was 2,339,838,829.04 CNY, compared to -62,314,014.39 CNY previously[75] - Cash and cash equivalents at the end of the period totaled CNY 1.83 billion, an increase from CNY 1.22 billion at the end of the previous year[72] Shareholder Information - The largest shareholder, Shi Jubin, holds 25.07% of the shares, with a total of 129,289,218 shares[14] - The company plans to repurchase between 113 million and 226 million shares, representing 21.91% to 43.83% of the total share capital, at a price not exceeding ¥13.00 per share[27] - The company has not yet implemented the share repurchase plan as of September 30, 2020[28] Tax and Expenses - The company reported a significant increase in tax payments due to the sale of Haomusi, affecting cash flow[9] - The company reported a significant increase in tax expenses, rising by 1,867.85% to ¥783,234,751.97, due to a substantial increase in profit following the sale of Haomusi[22] - The company recorded a 332.60% increase in tax payments, amounting to ¥884,902,241.08, due to higher corporate income tax payments[25] Investment and Future Projections - The estimated cumulative net profit for the year 2020 is projected to be CNY 213,492.59 million, representing a significant increase of 1,008.35% compared to the previous year's CNY 19,262.27 million[36] - The basic earnings per share (EPS) is expected to rise to CNY 4.44, reflecting an increase of 1,018.42% from last year's CNY 4.25[36] - The substantial growth in net profit is primarily attributed to the completion of the 100% equity sale of Hangzhou Haomusi Food Co., Ltd. in June 2020[36] Research and Development - Research and development expenses increased to ¥9,464,159.05, up 42.0% from ¥6,667,695.74[58] - Research and development expenses were CNY 21.59 million, slightly up from CNY 20.99 million year-over-year[66] Risk Management - The company has established a risk management system for futures trading, focusing on price fluctuation risks and liquidity risks, ensuring that the margin for futures trading does not exceed 10% of the latest audited net asset value[35] - The company is actively engaged in hedging activities using red date futures to mitigate the impact of price volatility on its operational performance, with a clear management policy in place[35]

Financial Performance - The company reported a revenue of 500 million RMB for the first half of 2020, representing a year-on-year increase of 15%[13] - The company's operating revenue for the reporting period was ¥2,487,081,297.57, a decrease of 12.95% compared to the same period last year[19] - The company achieved a revenue of 2.487 billion yuan, a year-on-year decrease of 12.95%, while the net profit attributable to shareholders was 2.256 billion yuan, a year-on-year increase of 1680%[41] - The company reported a total revenue of 1.5 billion CNY for the first half of 2020, representing a year-over-year increase of 15%[98] - The company reported a decrease in sales revenue from CNY 2,847,736,916.23 in the first half of 2020 compared to CNY 3,461,218,538.96 in the same period of 2019[176] Profitability - Net profit attributable to shareholders was ¥2,256,199,748.17, representing an increase of 1,680.02% year-over-year[19] - The basic earnings per share reached ¥4.49, up 1,696.00% from ¥0.25 in the previous year[19] - The company reported a net profit margin of 12% for the first half of 2020, an increase from 10% in the same period last year[98] - The company reported a significant increase in net profit attributed to shareholders, primarily due to the completion of the 100% equity sale of Hangzhou Haoms Food Co., Ltd. in June 2020, resulting in substantial investment income[84] - The estimated cumulative net profit for the period from the beginning of the year to the next reporting period is projected to be approximately 220,424.26 million yuan, representing a growth of 1588.03% compared to the same period last year[83] Cash Flow - The company reported a significant increase in cash flow from the sale of its subsidiary, with cash holdings growing by 448.54%[31] - The company's net cash flow from operating activities decreased by 49.92% to $325,452,545.56, impacted by reduced sales volume and the sale of Haomusi[56] - Cash inflow from operating activities was CNY 3,057,726,470.31, down from CNY 3,571,055,433.75 in the first half of 2019, representing a decrease of approximately 14.4%[177] - The ending balance of cash and cash equivalents was CNY 2,935,670,238.74, compared to CNY 946,495,997.07 at the end of the first half of 2019, showing a significant increase[178] Investment and R&D - Investment in technology development increased by 25% in the first half of 2020, focusing on supply chain optimization and customer relationship management systems[13] - Research and development expenses decreased by 14.91% to $16,219,587.33, mainly due to disruptions caused by the pandemic[56] - The company has invested in R&D to expand its product categories, focusing on high-frequency, high-quality products for daily consumption[42] - Research and development efforts have focused on two new product lines, projected to launch in Q4 2020, with an estimated investment of 200 million CNY[98] Market Expansion - User data showed an increase in active customers by 20% year-on-year, reaching 1 million active users[13] - The company is actively expanding its market presence in tier-2 cities, aiming for a 30% increase in sales from these regions by the end of 2020[13] - The company plans to expand its market presence in Southeast Asia, targeting a 5% market share by the end of 2021[98] - A strategic acquisition of a local competitor is in progress, expected to enhance the company's distribution network and customer base[98] Corporate Governance and Compliance - The company has committed to avoiding any competitive business activities that may harm its interests or those of its shareholders, ensuring compliance with relevant laws and regulations[95] - The company has established a commitment to ensure that any future related party transactions will be conducted fairly and transparently, adhering to market principles[95] - The company has received approval from its board and shareholders for the changes in share lock-up commitments due to changes in external circumstances[94] Risk Management - The company faces risks related to supply chain disruptions but has implemented measures to mitigate these risks[5] - The company has established a risk management framework to mitigate market, liquidity, credit, operational, legal, and technical risks associated with its futures trading activities[74] - The company is implementing measures to mitigate risks associated with raw material price fluctuations, including establishing production bases in key raw material areas and adjusting product structures[85] Social Responsibility - The company invested a total of 11.68 million RMB in poverty alleviation efforts during the first half of 2020, including 8.16 million RMB for industrial development projects[135] - A total of 253 individuals received vocational skills training, with an investment of 590,000 RMB in this initiative[136] - The company helped 45 registered impoverished individuals to escape poverty through its initiatives[136] Shareholder Information - The company has a share lock-up commitment for shares obtained in the transaction, with a release schedule over 60 months[93] - The company has committed to a long-term strategy of compliance and transparency in its operations and shareholder dealings[95] - The company reported a cash distribution commitment to distribute no less than 10% of the annual distributable profits in cash, and at least 30% over any three consecutive years[105]

Financial Performance - Revenue for Q1 2020 was CNY 1,773,904,316.69, a decrease of 7.71% compared to CNY 1,922,083,407.91 in the same period last year[8] - Net profit attributable to shareholders was CNY 29,174,234.79, down 78.03% from CNY 132,785,595.39 year-on-year[8] - Basic earnings per share dropped to CNY 0.06, a decline of 76.92% from CNY 0.26 in the same period last year[8] - Operating profit for Q1 2020 was CNY 41,835,313.24, significantly lower than CNY 174,998,987.43 in Q1 2019, indicating a decline in profitability[45] - Net profit for Q1 2020 was CNY 37,711,192.19, compared to CNY 174,700,667.31 in the previous year, showing a substantial decrease[45] - The total comprehensive income for Q1 2020 was CNY 28,477,587.92, significantly lower than CNY 131,972,907.14 in Q1 2019, marking a decline of 78.5%[46] Cash Flow - Net cash flow from operating activities decreased by 50.01% to CNY 271,778,999.20, compared to CNY 543,720,725.04 in the previous year[8] - The cash flow from operating activities for Q1 2020 was CNY 271,778,999.20, down 50% from CNY 543,720,725.04 in Q1 2019[51] - The net cash flow from operating activities was -17,092,833.13 yuan, a significant decrease compared to 127,815,857.24 yuan in the previous period, indicating a decline in operational efficiency[53] - The company reported a net cash outflow from investing activities of CNY -13,754,730.17 for Q1 2020, compared to CNY -44,675,814.44 in the same period last year[51] - The company reported a 69.21% increase in net cash flow from investing activities year-on-year, mainly due to reduced expenditures on long-term asset acquisitions[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,424,719,871.55, down 15.56% from CNY 6,424,519,593.12 at the end of the previous year[8] - Total current assets decreased to CNY 2.18 billion from CNY 3.15 billion, reflecting a decline of about 30.7% year-over-year[36] - Total liabilities decreased to CNY 1.99 billion from CNY 3.02 billion, a reduction of about 34.1%[38] - The company's short-term borrowings decreased to CNY 1.02 billion from CNY 1.12 billion, a decline of approximately 9.0%[38] - Total liabilities were CNY 1,188,447,096.42, up from CNY 1,130,602,011.90 at the end of 2019, indicating increased leverage[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,422[12] - The largest shareholder, Shi Jubin, holds 25.07% of the shares, amounting to 129,289,218 shares[12] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[30] Inventory and Receivables - Accounts receivable decreased by 34.12% compared to the end of the previous year, mainly due to the collection of receivables[16] - Inventory decreased by 54.25% compared to the end of the previous year, primarily due to sales of inventory prepared for the Spring Festival peak season[16] - The company's inventory decreased significantly to CNY 760.87 million from CNY 1.66 billion, indicating a reduction of approximately 54.3%[36] Expenses - Management expenses decreased by 30.02% year-on-year, primarily due to a reduction in salary expenses[16] - Financial expenses increased by 33.93% year-on-year, mainly due to increased interest expenses[16] - The company reported a decrease in research and development expenses to CNY 8,753,153.87 from CNY 10,231,274.08, indicating a potential shift in focus[45] Future Plans and Strategies - The company plans to sell 100% equity of Hangzhou Haomusi Food Co., Ltd. for a base amount of $70.5 million[18] - The company has established a risk management system for futures hedging to mitigate price volatility risks associated with red dates[27] - The company has committed to not exceeding 10% of its latest audited net asset value for futures hedging margin requirements[27] - The company has implemented new revenue and leasing standards starting in 2020, which may affect future financial reporting[62]

Financial Performance - The company's operating revenue for 2019 was ¥5,961,168,475.57, representing a 20.44% increase compared to ¥4,949,436,723.89 in 2018[6]. - The net profit attributable to shareholders for 2019 was ¥192,622,682.74, a significant increase of 48.66% from ¥129,571,542.33 in 2018[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 57.47% to ¥38,895,472.78 from ¥91,448,778.07 in 2018[6]. - The net cash flow from operating activities for 2019 was ¥477,006,821.92, down 16.58% from ¥571,791,946.97 in 2018[6]. - The basic earnings per share for 2019 increased by 52.00% to ¥0.38 from ¥0.25 in 2018[6]. - The total assets at the end of 2019 were ¥6,424,519,593.12, reflecting a 16.00% increase from ¥5,538,564,618.54 at the end of 2018[6]. - The net assets attributable to shareholders at the end of 2019 were ¥3,402,127,853.55, a slight increase of 1.83% from ¥3,340,878,773.78 at the end of 2018[6]. - In 2019, the company achieved a revenue of CNY 5.961 billion, representing a year-on-year growth of 20.44%, and a net profit of CNY 193 million, up 48.66% year-on-year[39]. Dividend Distribution - The company reported a cash dividend of 0.86 RMB per 10 shares (including tax) based on a total share capital of 501,941,596 shares after deducting shares in the repurchase account[4]. - For the 2019 fiscal year, the company plans to distribute a cash dividend of 0.86 yuan per 10 shares (including tax) based on a total share capital of 501,941,596 shares[119]. - The company has maintained a consistent cash dividend distribution over the past three years, with dividends of 0.70 yuan, 0.79 yuan, and 0.86 yuan per 10 shares for 2017, 2018, and 2019 respectively[120]. - The cash dividend policy complies with the company's articles of association and shareholder meeting resolutions[119]. - The net profit attributable to ordinary shareholders for 2019 was ¥192,622,682.74, representing a 22.41% payout ratio for cash dividends[122]. - The cash dividend amount in 2019 increased by 8.78% compared to 2018, where it was ¥39,653,381.05[122]. - The total cash dividend distributed in 2018 was ¥64,101,228.33, which represented 49.47% of the net profit attributable to ordinary shareholders[122]. Business Expansion and Strategy - The company expanded its main business from red dates to include health snacks such as nuts, dried fruits, and seafood products following the acquisition of Hangzhou Haomusi Food Co., Ltd. in 2016[16]. - The company has a dual-brand strategy with "好想你" and "百草味," enhancing its market presence in the snack food industry[26]. - The company is positioned as a leader in the red dates industry and a major player in the internet snack food sector, benefiting from a comprehensive multi-channel distribution strategy[26]. - The company has established multiple raw material bases across China and internationally, ensuring quality and supply stability[35]. - The company has launched over dozens of new products, including "Daily Nuts" and "Qing Fei Fei," which have been well received by consumers[36]. - The company plans to enhance its product offerings by focusing on "red dates+" and expanding into differentiated health food products, targeting various consumer segments including Z generation and urban professionals[101]. - The company aims to establish a national county-level specialty agricultural product operation platform, promoting a new business model of "one county, one product" to support rural revitalization strategies[100]. Market and Industry Insights - The Chinese snack food industry is projected to continue its rapid growth, with an expected annual compound growth rate exceeding 17% from 2015 to 2019[27]. - The company’s e-commerce channel accounted for over 80% of total revenue, solidifying its position among the top two in the online snack food industry[41]. - The "Daily Nuts" product line achieved sales exceeding CNY 400 million, while the "Qing Fei Fei" line surpassed CNY 70 million in sales[40]. - The company’s major customers accounted for 28.49% of total sales, with the top five customers generating ¥1,698,139,537.78 in sales[66]. Research and Development - Research and development investment reached 35.39 million yuan, an increase of 17.72% compared to the previous year, aimed at upgrading the product line[44]. - The company is actively increasing its R&D investment to create innovative products that align with the "low sugar, low fat, low sodium" health trend[101]. - The company has established partnerships with several prestigious research institutions to innovate in product development, particularly in the areas of health-oriented snacks and functional foods[101]. Risk Management and Compliance - The company emphasizes the importance of risk factors that may adversely affect future development and operational goals, as detailed in the report[4]. - The company is taking measures to mitigate risks from raw material price fluctuations by establishing production bases and adjusting product structures[111]. - Food safety is a critical focus, with the company implementing stringent quality management systems and supplier audits to ensure product safety[113]. - The company has not experienced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[143]. Environmental and Social Responsibility - The company reported a total investment of 1,002.98 million yuan in ecological protection poverty alleviation projects[177]. - The company has established a wastewater treatment plant with a designed daily treatment capacity of 3,000 tons, ensuring compliance with discharge standards[177]. - The company has received recognition as one of the "Top 100 Private Enterprises for Social Responsibility" in Henan Province[176]. - The company has made a total investment of 120 million yuan in poverty alleviation public welfare funds[177]. Corporate Governance - The company has committed to avoiding competition with its subsidiaries and has received assurances from its actual controller regarding non-competition[129]. - The company has signed non-compete agreements with key personnel to prevent them from engaging in competitive activities post-transaction[133]. - The company is currently in compliance with its commitments regarding the management of related party transactions, ensuring fairness and transparency[131]. - The company has established a commitment to not engage in any competitive activities that may harm the interests of the company or its shareholders[131].

Financial Performance - Operating revenue for the reporting period was ¥1,183,948,991.54, representing a year-on-year growth of 26.39%[7] - Net profit attributable to shareholders was ¥3,829,473.56, a decrease of 13.72% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,990,072.13, a significant decline of 245.11% year-on-year[7] - Basic earnings per share for the reporting period was ¥0.0076, down 12.64% from the previous year[7] - The weighted average return on net assets was 0.11%, a decrease of 0.02% compared to the previous year[7] - Net profit for Q3 2019 was CNY 3,651,227.86, compared to CNY 1,457,358.95 in Q3 2018, marking an increase of 150.7%[43] - Basic earnings per share for Q3 2019 were CNY 0.0076, down from CNY 0.0087 in Q3 2018, a decline of 12.6%[44] - The total comprehensive income for the third quarter was CNY 129,426,770.88, compared to CNY 95,392,233.60 in the previous year, indicating a growth of 35.7%[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,683,646,976.89, an increase of 2.62% compared to the previous year[7] - The company's cash and cash equivalents reached CNY 1,218,076,082.77, up from CNY 667,816,169.39 at the end of 2018, indicating a significant increase in liquidity[32] - The total current liabilities rose to CNY 1,832,971,773.30, compared to CNY 1,625,745,142.91 at the end of 2018, indicating an increase of approximately 12.8%[33] - The company's total liabilities increased to CNY 2,895,450,000.00 from CNY 2,708,000,000.00, reflecting a rise of approximately 6.9%[33] - The company's total current assets were reported at CNY 2,621,168,055.50, slightly up from CNY 2,619,860,515.50, indicating a marginal increase[32] - The total owner's equity as of September 30, 2019, was CNY 3,341,577,554.84, slightly down from CNY 3,343,988,568.37 at the end of 2018[35] Cash Flow - The net cash flow from operating activities was ¥26,936,513.94, a decline of 56.56% year-on-year[7] - Cash inflow from operating activities totaled CNY 4,834,508,888.01, an increase from CNY 4,244,678,377.71 in the previous period, reflecting a growth of 13.9%[57] - The net cash flow from operating activities was CNY 676,788,737.53, slightly down from CNY 682,074,231.56 in the previous period, indicating a decrease of 0.4%[57] - Cash inflow from financing activities was CNY 1,105,832,877.75, up from CNY 911,964,658.41 in the previous period, representing an increase of 21.3%[58] - The net cash flow from financing activities was CNY 131,580,419.50, a turnaround from -CNY 391,981,784.59 in the previous period[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,503[11] - The largest shareholder, Shi Jubin, holds 25.07% of the shares, amounting to 129,289,218 shares[11] Research and Development - Research and development expenses increased by 39.42% year-on-year, primarily due to increased investment in R&D[16] - Research and development expenses for Q3 2019 were CNY 10,270,046.73, an increase from CNY 7,345,792.65 in Q3 2018, reflecting a growth of 39.4%[42] - The research and development expenses for the third quarter were CNY 29,332,542.99, up from CNY 21,038,628.70, showing an increase of 39.5% year-over-year[49] Government Subsidies and Other Income - The company received government subsidies amounting to ¥70,680,384.76 during the reporting period[9] - Other income increased by 165.85% year-on-year, primarily due to an increase in government subsidies related to daily operations[16] - The company’s other income increased to CNY 67,696,783.00 from CNY 25,464,480.12, reflecting a significant growth of 165.5%[49] Investment and Borrowings - Investment income rose by 139.37% year-on-year, driven by increased returns from financial and futures investments[17] - Short-term borrowings increased to CNY 911,460,000.00 from CNY 752,592,192.00, reflecting a rise of approximately 21.1%[33] - Long-term borrowings decreased by 30.75% compared to the end of the previous year, mainly due to the repayment of bank long-term loans[15] - The company has short-term borrowings of CNY 265,000,000.00 and long-term borrowings of CNY 216,609,095.00[71]