证券代码：002852 证券简称：道道全 公告编号：2022-【050】 道道全粮油股份有限公司 关于参加 2022 年湖南辖区上市公司投资者 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的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为了进一步增强与广大投资者的互动交流，道道全粮油股份有限公司（以 下简称"公司"） 将参加由中国证券监督管理委员会湖南监管局主办、湖南省上 市公司协会与深圳市全景网络有限公司协办的"2022 年湖南辖区上市公司投资者 网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上 平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net/），参与公司本次投资者集体接待日活动，活动时间为 2022 年 9 月 29 日下午 15:30－17:00，公司相关人员将与投资者进行在线沟通与交流。 欢迎广大投资者积极参与。 特此公告。 道道全粮油股份有限公司 董 事 会 2022 年 9 月 23 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,199,843,627.09, representing a 51.19% increase compared to CNY 2,116,421,382.99 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 36,002,098.44, a decrease of 128.78% from a profit of CNY 125,110,371.53 in the previous year[17]. - The net cash flow from operating activities was a negative CNY 267,399,108.07, worsening by 637.30% compared to a negative CNY 36,267,165.81 in the same period last year[17]. - The basic earnings per share were -CNY 0.10, down 121.74% from CNY 0.46 in the previous year[17]. - The total profit for the period was CNY -60.24 million, a decline of 148.64% year-on-year[26]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of CNY 126,878,517.93 compared to a profit of CNY 72,404,402.65 in the previous year, marking a decrease of 275.24%[17]. - The weighted average return on net assets was -1.52%, down from 6.65% in the previous year, indicating a significant decline in profitability[17]. - The gross profit margin for the first half of 2022 was 12.23%, down from 14.81% in the same period of 2021[3]. - The company reported a net loss of CNY 36,556,746.46 for the first half of 2022, compared to a net profit of CNY 126,963,376.36 in the first half of 2021[160]. - The gross profit margin decreased significantly, with gross profit for the first half of 2022 at CNY -147,692,757.22, compared to CNY 169,533,624.83 in the previous year[160]. Revenue and Sales - The company achieved operating revenue of CNY 3,199.84 million, an increase of 51.19% compared to the same period last year[26]. - Total revenue for the first half of 2022 reached CNY 3,199,843,627.09, representing a 51.19% increase compared to CNY 2,116,421,382.99 in the same period of 2021[46]. - Total revenue from sales of goods and services reached CNY 3,432,852,818.28, up 58.8% from CNY 2,159,919,737.59 in the first half of 2021[166]. - The company’s production volume for food processing increased by 39.25% to 195,071.43 tons in the first half of 2022[38]. - The total revenue for the food processing segment reached CNY 3,190,029,492.7, accounting for 99.69% of total revenue, with a year-on-year increase of 51.32%[49]. Costs and Expenses - The cost of sales increased by 64.39% to CNY 3,200,482,680.08, primarily due to rising raw material prices and increased sales volume[46]. - The total operating costs for the food processing segment increased by 64.59% year-on-year, amounting to CNY 3,194,868,43[49]. - The company reported a 93.02% increase in marketing expenses, totaling CNY 42,846,506.93, primarily due to increased advertising investments[51]. - The company experienced a 44.93% rise in transportation and transfer fees, totaling CNY 703,691.81, attributed to increased storage costs[51]. - The company's total expenses increased by 50.39% year-on-year, reaching CNY 68,080,871.78[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,111,680,587.34, a slight decrease of 0.26% from CNY 4,122,592,703.00 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 2.29% to CNY 2,338,889,936.15 from CNY 2,393,801,775.70 at the end of the previous year[17]. - The company's cash and cash equivalents decreased by 7.65%, amounting to CNY 97,067,684.1, compared to CNY 412,634,448 at the end of the previous year[55]. - The total liabilities increased from ¥1,672,767,505.01 to ¥1,717,321,876.92, which is an increase of about 3%[154]. - The company's total liabilities increased to CNY 920,201,408.58, compared to CNY 751,725,040.40 in the previous year, reflecting a growth of 22.4%[160]. Market and Product Development - The company’s main product is packaged edible vegetable oil, primarily rapeseed oil, which has gained significant market recognition[26]. - The company plans to expand its market presence in East China, South China, and Northwest China while developing North and Northeast markets[26]. - New product launches include high oleic rapeseed oil and tea oil to enhance product diversity and competitiveness[31]. - The company is positioned as a leading brand in the domestic packaged edible vegetable oil market, particularly in the rapeseed oil category[29]. - Research and development efforts are focused on new edible oil products to meet changing consumer preferences[183]. Risk Management - The company faces challenges from raw material price volatility due to geopolitical factors and global inflation, impacting profit margins[26]. - The company relies heavily on imported raw materials, with over 60% dependence, making it vulnerable to changes in national industrial policies affecting the edible oil sector[82]. - The company utilizes commodity futures for hedging against price fluctuations, but this strategy carries inherent risks related to market conditions and internal controls[83]. - The company has established internal control measures for futures hedging to align with actual production needs and mitigate risks[84]. - The company aims to mitigate price volatility risks through commodity futures hedging tools to ensure operational stability and sustainability[64]. Environmental and Social Responsibility - The company invested over 1.8 million yuan in environmental protection and waste management in the first half of the year, ensuring all emission indicators meet national standards[94]. - The wastewater treatment facility has a designed capacity of 400 tons per day, with actual daily discharge ranging from 80 to 180 tons, and a total of 15,061 tons of wastewater treated in the first half of the year, all meeting standards[92]. - The company has implemented measures to reduce carbon emissions, adhering to an "environmental protection first" development philosophy[98]. - The company actively engages in social responsibility, supporting education and contributing to public welfare initiatives[99]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed and is in compliance with legal requirements[96]. Shareholder and Governance - The company emphasizes the protection of shareholder rights and has established a comprehensive internal control system to ensure all shareholders, especially minority shareholders, can exercise their rights equally[100]. - The company has a profit distribution policy ensuring that at least 20% of the distributable profits will be distributed in cash to shareholders annually from 2020 to 2022[101]. - The company has not reported any significant litigation or arbitration matters during the reporting period, ensuring a stable legal environment for operations[112]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[107]. - The company has not reported any major related party transactions during the reporting period, indicating a focus on operational integrity[113]. Future Outlook - The management provided a positive outlook for the second half of 2022, expecting continued revenue growth and profitability[176]. - The company plans to expand its market presence and invest in new product development to drive future growth[176]. - The company has plans for future expansion and product development, although specific details were not provided in the financial summary[172]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market share[183]. - The company has set a performance guidance for the second half of 2022, expecting a revenue growth of 15% compared to the first half[182].

道道全粮油股份有限公司 2022 年第一季度报告全文 证券代码：002852 证券简称：道道全 公告编号：2022-025 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 道道全粮油股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 1,236,395,523.79 | 1,299,370,529.73 | -4.85% | | 归属于上市公司股东的净利润（元） | -54,019,360 ...

Financial Performance - The company's operating revenue for 2021 was CNY 5,449,474,451.72, representing a 3.07% increase compared to CNY 5,287,320,473.49 in 2020[19] - The net profit attributable to shareholders was a loss of CNY 191,985,031.25, a decline of 150.96% from a loss of CNY 76,499,092.75 in the previous year[19] - The net cash flow from operating activities was negative CNY 87,332,100.00, a decrease of 254.67% compared to a positive cash flow of CNY 56,462,249.56 in 2020[19] - The total assets at the end of 2021 amounted to CNY 4,122,592,703.00, reflecting a 19.22% increase from CNY 3,457,936,124.56 at the end of 2020[19] - The net assets attributable to shareholders increased by 31.21% to CNY 2,393,801,775.70 from CNY 1,824,434,689.05 in 2020[19] - The basic earnings per share for 2021 was negative CNY 0.6861, a decline of 146.27% from negative CNY 0.2786 in 2020[19] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, with a loss of CNY 152,941,985.88 compared to a profit of CNY 79,563,423.31 in 2020, marking a 292.23% decline[19] - The weighted average return on net assets was negative 10.77%, down from negative 4.07% in the previous year[19] Market Position and Strategy - The company is positioned as a leading brand in the domestic edible vegetable oil market, particularly in the rapeseed oil segment[32] - The company aims to expand from a regional brand to a national brand through strategic market development and product innovation[29] - The edible vegetable oil market is expected to focus on "branding," "small packaging," "premiumization," and "segmentation" in the future[29] - The company faced significant pressure on profitability due to rising raw material costs and declining consumer demand[29] - The company has implemented a sales model primarily based on distributors, with a focus on cash sales to improve liquidity[33] Production and Sales - The company's production volume decreased from 446,300 tons in 2020 to 358,500 tons in 2021, a decline of 19.66%[38] - The packaging oil segment accounted for 72.72% of total revenue, while the meal segment saw a significant increase of 42.20% year-on-year[42] - The company experienced a 244.92% increase in online direct sales revenue, reaching ¥211,711,278.33 in 2021 compared to ¥61,379,494.77 in 2020[33] - The gross margin for online direct sales decreased from 10.06% in 2020 to 3.47% in 2021, indicating rising costs[33] Investment and Financing - The company plans to invest in a 1 million tons/year edible oil processing project in Xingping City, completing its capacity layout in the Northwest region[39] - The total cash outflow from investment activities decreased by 42.82% to ¥874,045,531.92 compared to the previous year[56] - The net cash flow generated from financing activities increased by 13.21% to ¥768,746,847.42, with total cash inflow from financing activities rising by 250.85% to ¥2,672,062,244.09[56] - The company plans to use part of the idle raised funds, not exceeding RMB 16,000.00 million, for temporary working capital within 12 months[78] Environmental and Social Responsibility - The company has a wastewater treatment capacity of 400 tons per day, with actual daily discharge ranging from 80 to 150 tons, ensuring all wastewater meets national discharge standards[143] - The company invested over 4.7 million yuan in environmental protection measures over the past year, ensuring stable operation of environmental facilities[144] - The company emphasizes a "pollution prevention first" philosophy, continuously improving its environmental management system[149] - The company has established a comprehensive emergency response plan for environmental incidents, updated in November 2021[146] Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[93] - The company has established specialized committees, including a strategic development committee and an audit committee, to provide professional advice for decision-making[93] - The company emphasizes transparency in information disclosure, adhering to legal requirements and ensuring timely and accurate communication with investors[94] - The company operates independently in terms of business, personnel, assets, and finance, with no competition with its controlling shareholder[96] Employee Management - The total number of employees at the end of the reporting period was 964, with 322 in the parent company and 642 in major subsidiaries[125] - The company has established a training system to enhance employee skills and promote career development, including various training programs[128] - The company has a salary policy that aligns with market standards and aims to attract high-quality talent while ensuring employee welfare[127] Shareholder Relations - The company has a structured training program for talent development, combining external and internal training to enhance employee skills[153] - The company actively communicates with investors through various channels, ensuring equal access to information for all shareholders[151] - The company has implemented a performance bonus system linked to the achievement of annual operational targets[115] Risk Management - The company faces risks from raw material price fluctuations, with over 60% of its oilseed supply dependent on imports, which could significantly impact profitability[86] - The company has established internal controls and management procedures for its hedging activities to mitigate risks associated with price volatility in raw materials[87] Future Outlook - The company anticipates a tight supply-demand balance in the oilseed market for 2022, influenced by ongoing COVID-19 impacts and geopolitical factors, leading to uncertainty in raw material prices[84] - The company is focused on expanding its market presence and enhancing its product offerings through technological innovation[153]

道道全粮油股份有限公司 2021 年第三季度报告 证券代码：002852 证券简称：道道全 公告编号：2021-068 道道全粮油股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 1,460,495,102.95 | -4.02% | 3,576,916,485.94 | -6.19 ...

Group 1: Event Details - The company will participate in the "2021 Hunan Listed Companies Investor Online Reception Day" organized by the China Securities Regulatory Commission Hunan Supervision Bureau [1] - The event will be held online through the platform provided by Shenzhen Panorama Network Co., Ltd. [1] - The event is scheduled for September 24, 2021, from 15:00 to 17:00 [1] Group 2: Participation Information - Investors can access the event via the "Panorama Roadshow" website (http://rs.p5w.net/) [1] - The company encourages widespread participation from investors [1] Group 3: Company Assurance - The company and its board guarantee that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,116,421,382.99, a decrease of 7.62% compared to CNY 2,291,087,705.08 in the same period last year[19]. - Net profit attributable to shareholders increased by 22.79% to CNY 125,110,371.53, up from CNY 101,888,431.92 in the previous year[19]. - The total profit for the period was CNY 123.86 million, down 4.56% year-on-year[28]. - The net profit attributable to shareholders increased by 22.79% to CNY 125.11 million, primarily due to price adjustments and reduced sales expenses[28]. - The net profit after deducting non-recurring gains and losses was CNY 72,404,402.65, a decrease of 12.95% from CNY 83,174,253.42 in the same period last year[19]. - The company reported a net profit of 31,315,906.0 yuan for the period, with a significant contribution from its subsidiary, Daodaoquan Grain Oil Yueyang Co., Ltd., which generated an operating income of 1,329,832,000 yuan[65]. - The company reported a significant increase in fair value changes, with gains of CNY 40,011,220.00 compared to CNY 6,010,634.80 in the prior year[149]. - The company reported a significant increase in cash received from other operating activities, totaling 2,474,813,642.16 CNY, compared to 2,757,282,808.15 CNY in the previous year, a decrease of about 10.3%[160]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -36,267,165.81, a decline of 201.27% compared to CNY 35,812,965.68 in the same period last year[19]. - The company's cash flow from operating activities showed a significant decline of 201.27%, resulting in a net outflow of ¥36,267,165.81[42]. - The net cash flow from operating activities for the first half of 2021 was -180,160,115.10 CNY, compared to 126,592,357.06 CNY in the same period of 2020, indicating a significant decline[160]. - The ending balance of cash and cash equivalents was 103,092,407.45 CNY, down from 194,100,083.81 CNY at the end of the first half of 2020, indicating a decrease of approximately 46.9%[159]. - The company's cash and cash equivalents decreased to CNY 103.09 million, accounting for 2.81% of total assets, a decrease of 8.23% year-on-year[53]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,671,313,950.17, an increase of 6.17% from CNY 3,457,936,124.56 at the end of the previous year[19]. - The company's total assets at the end of the reporting period amounted to 713 million RMB, with a year-on-year growth of 63.9%[166]. - Total liabilities reached CNY 1,680,335,541.96, compared to CNY 1,572,162,761.10, showing an increase of approximately 6.9%[141]. - The total liabilities at the end of the reporting period were 1,494.69 million, indicating a stable financial position[177]. - The company's inventory increased to CNY 1.16 billion, representing 31.47% of total assets, an increase of 6.16% compared to the end of the previous year[53]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has established a profit distribution policy, committing to distribute at least 20% of the annual distributable profits in cash to shareholders[87]. - The company has a three-year shareholder dividend return plan, considering industry characteristics and operational factors for cash dividend ratios[87]. - The total number of ordinary shareholders at the end of the reporting period was 20,045[125]. - Liu Jianjun holds 29.71% of the shares, totaling 85,853,138 shares, with a decrease of 64,389 shares during the reporting period[125]. Market and Product Strategy - The company is focusing on launching new products such as high oleic rapeseed oil and tea oil to enhance its product range and competitiveness[30]. - The company aims to leverage its brand strength and market position to expand its main business and enhance competitiveness in the industry[29]. - The company plans to expand its market presence beyond the Yangtze River region into other areas such as Northwest, South China, and North China[40]. - The company is exploring potential mergers and acquisitions to strengthen its market position[165]. - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[165]. Research and Development - The company’s R&D investment decreased by 12.96% to ¥2,138,409.84 compared to ¥2,456,754.54 in the previous year[42]. - Research and development expenses were CNY 2,138,409.84, slightly down from CNY 2,456,754.54 in the first half of 2020[148]. - Research and development efforts are focused on new product innovations to meet consumer demand[165]. - The company aims to enhance its operational efficiency by implementing new technologies and optimizing supply chain management[170]. Environmental and Social Responsibility - The company has established a comprehensive emergency response plan for environmental incidents, with regular drills and training conducted[81]. - The company actively engages in social responsibility initiatives, including support for education and assistance for disadvantaged groups[85]. - The company emphasizes the protection of shareholder and creditor rights, ensuring fair treatment and compliance with corporate governance standards[85]. - The company has a clear commitment to environmental protection as part of its sustainable development strategy[89]. Governance and Compliance - The company has maintained its governance structure without changes in its board or management during the reporting period, ensuring continuity in leadership[74]. - The company has not engaged in any significant related party transactions during the reporting period, maintaining financial integrity[100]. - The financial report for the first half of 2021 was not audited[137]. - The company follows the latest accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[188].

Part I Important Notice The Board, Supervisory Board, and senior management affirm the quarterly report's truthfulness, accuracy, and completeness, assuming legal responsibility [Important Notice](index=2&type=section&id=Important%20Notice) The Board, Supervisory Board, and senior management affirm the quarterly report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report and assume legal responsibility[4](index=4&type=chunk) - All directors attended the Board of Directors meeting to review this quarterly report[5](index=5&type=chunk) - Company head Liu Jianjun, chief financial officer Deng Kai, and head of accounting department Chen Jun declare that the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) Part II Company Profile This section details the company's key financial performance, shareholder structure, and related party relationships for the reporting period [I. Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's Q1 2021 showed strong financial performance with significant revenue and net profit growth, positive operating cash flow, and improved profitability Key Accounting Data and Financial Indicators for Q1 2021 | Indicator | Current Period (Yuan) | Prior Year Same Period (Yuan) | YoY Change (%) | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,299,370,529.73 | 969,803,956.38 | 33.98% | - | - | - | | Net Profit Attributable to Shareholders of Listed Company | 81,630,459.36 | 41,795,410.59 | 95.31% | - | - | - | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 68,728,162.19 | 26,636,988.78 | 158.02% | - | - | - | | Net Cash Flow from Operating Activities | 31,946,267.53 | -122,952,459.38 | 125.98% | - | - | - | | Basic Earnings Per Share (Yuan/share) | 0.30 | 0.15 | 100.00% | - | - | - | | Diluted Earnings Per Share (Yuan/share) | 0.30 | 0.15 | 100.00% | - | - | - | | Weighted Average Return on Net Assets | 4.38% | 2.10% | 2.28% | - | - | - | | Total Assets | - | - | - | 3,525,079,198.88 | 3,457,936,124.56 | 1.94% | | Net Assets Attributable to Shareholders of Listed Company | - | - | - | 1,904,449,420.49 | 1,824,434,689.05 | 4.39% | Non-Recurring Gains and Losses Items and Amounts | Item | Amount from Year Start to End of Reporting Period (Yuan) | | :--- | :--- | | Government Subsidies Included in Current Period P&L | 4,704,733.91 | | Fair Value Change Gains/Losses and Investment Income from Trading Financial Assets, Derivative Financial Assets, etc., excluding effective hedge accounting related to normal business operations | 8,655,224.32 | | Other Non-Operating Income and Expenses excluding the above | 360,840.59 | | Less: Income Tax Impact | 672,248.29 | | Impact on Minority Interests (After Tax) | 146,253.36 | | **Total** | **12,902,297.17** | [II. Total Number of Shareholders and Top Ten Shareholders' Holdings at Period End](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders'%20Holdings%20at%20Period%20End) As of the period end, the company had 22,757 common shareholders, with Liu Jianjun as the largest shareholder (29.71%) and associated entities - The total number of common shareholders at the end of the reporting period was **22,757**[12](index=12&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Pledge or Freeze Status (Share Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Liu Jianjun | Domestic Natural Person | 29.71% | 85,853,138 | 64,389,853 | - | | Hunan Xingchuang Investment Management Co., Ltd. | Domestic Non-State-Owned Legal Person | 20.17% | 58,287,543 | 0 | - | | Sichuan Mingchuang Heda Commercial Partnership (Limited Partnership) | Other | 6.00% | 17,340,000 | 0 | - | | Bao Lilin | Domestic Natural Person | 3.21% | 9,267,652 | 6,950,739 | - | | Jiang Rong | Domestic Natural Person | 2.83% | 8,185,885 | 0 | - | | Xu Dandi | Domestic Natural Person | 2.64% | 7,624,207 | 7,624,207 | - | | Yueyang Cheng Rui Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.52% | 4,389,994 | 0 | Pledged 3,860,000 | | Zhang Jun | Domestic Natural Person | 0.63% | 1,834,973 | 1,376,230 | - | | Li Dengmei | Domestic Natural Person | 0.46% | 1,314,985 | 1,314,985 | - | | Zhejiang Bihu Investment Management Co., Ltd. - Bihu Huanyu Growth No. 3 Private Securities Investment Fund | Other | 0.35% | 1,000,384 | 0 | - | - Liu Jianjun holds **90%** of Xingchuang Investment and **10.83%** of Mingchuang Commercial, establishing an associated relationship between Liu Jianjun, Xingchuang Investment, Mingchuang Commercial, and the listed company. Bao Lilin, Xu Dandi, Zhang Jun, and Li Dengmei are partners of Mingchuang Commercial, also forming associated relationships with the listed company[13](index=13&type=chunk) Part III Significant Events This section outlines major financial and operational changes, fundraising progress, and other significant corporate activities during the reporting period [I. Changes and Reasons for Key Financial Data and Indicators in the Reporting Period](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) The company experienced significant changes across its financial statements, including increased trading financial assets and prepayments, higher revenue and costs, reduced selling expenses, increased financial expenses, and improved operating cash flow Balance Sheet Item Changes and Reasons (March 31, 2021 vs. December 31, 2020) | Item | March 31, 2021 (Yuan) | December 31, 2020 (Yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 40,174,794.52 | - | 100.00% | Mainly due to the purchase of wealth management products with idle funds in the current period | | Derivative Financial Assets | 2,431,860.00 | 236,040.00 | 930.27% | Mainly due to increased floating gains from non-highly effective hedging contracts at the end of the current period | | Prepayments | 396,842,562.11 | 210,471,671.68 | 88.55% | Mainly due to increased prepayments for raw material purchases in the current period | | Other Current Assets | 75,193,671.51 | 108,230,780.09 | -30.52% | Mainly due to decreased input VAT credit in the current period | | Accounts Payable | 197,849,181.51 | 299,288,244.61 | -33.89% | Mainly due to payments for raw materials and project costs in the current period | | Contract Liabilities | 153,588,794.15 | 252,886,805.88 | -39.27% | Mainly due to the fulfillment of prior performance obligations in the current period | | Employee Benefits Payable | 5,622,231.34 | 19,307,771.56 | -70.88% | Mainly due to the payment of 2020 year-end bonuses in the current period | | Taxes Payable | 33,993,153.94 | 16,554,281.24 | 105.34% | Mainly due to increased VAT payable in the current period | | Deferred Income Tax Liabilities | - | 621,646.88 | -100.00% | Mainly due to the reversal of internal transaction losses in the current period | Income Statement Item Changes and Reasons (Current Period vs. Prior Year Same Period) | Item | Current Period Amount (Yuan) | Prior Year Same Period Amount (Yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,299,370,529.73 | 969,803,956.38 | 33.98% | Mainly due to increased sales prices and volumes of main products compared to the prior year same period | | Operating Cost | 1,176,550,111.42 | 878,779,052.14 | 33.88% | Mainly due to increased revenue in the current period; additionally, transportation costs are reclassified to operating costs under new revenue standards | | Selling Expenses | 19,957,952.17 | 42,337,451.69 | -52.86% | Mainly due to transportation costs related to contracts being reclassified to operating costs under new revenue standards in the current period | | Financial Expenses | 5,740,011.30 | -397,815.64 | 1542.88% | Mainly due to increased bank loan interest in the current period | | Other Income | 4,704,733.91 | 1,665,335.45 | 182.51% | Mainly due to increased government subsidies received in the current period | | Investment Income | 1,096,234.32 | 9,455,381.36 | -88.41% | Mainly due to decreased wealth management income and reduced realized gains from non-highly effective hedging contracts in the current period | | Fair Value Change Gains | 7,558,990.00 | 3,734,406.51 | 102.41% | Mainly due to increased floating gains from non-highly effective hedging contracts at the end of the current period | | Credit Impairment Losses | 999,790.61 | -418,669.70 | -338.80% | Mainly due to the reversal of bad debt provisions at the end of the current period | | Non-Operating Income | 446,890.74 | 4,179,106.87 | -89.31% | Mainly due to decreased insurance claim receipts in the current period | Cash Flow Statement Item Changes and Reasons (Current Period vs. Prior Year Same Period) | Item | Current Period Amount (Yuan) | Prior Year Same Period Amount (Yuan) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 31,946,267.53 | -122,952,459.38 | 125.98% | Mainly due to increased sales receipts in the current period | | Net Cash Flow from Investing Activities | -187,223,877.92 | 99,741,009.66 | -287.71% | Mainly due to increased project payments and reduced redemption of wealth management products in the current period | | Net Cash Flow from Financing Activities | 184,193,487.56 | 141,026,617.29 | 30.61% | Mainly due to increased bank loan funds in the current period | | Net Increase in Cash and Cash Equivalents | 28,916,772.65 | 118,082,158.27 | -75.51% | Mainly due to increased project payments and reduced redemption of wealth management products in the current period | [II. Progress of Significant Events, Their Impact, and Analysis of Solutions](index=7&type=section&id=II.%20Progress%20of%20Significant%20Events%2C%20Their%20Impact%2C%20and%20Analysis%20of%20Solutions) The company's A-share private placement plan for up to **1 billion yuan** for processing projects and working capital has been approved, and a share repurchase plan was terminated - The company's non-public issuance of A-shares plan received approval from the China Securities Regulatory Commission on April 17, 2021, with an estimated total fundraising of no more than **1 billion yuan**, to be used for edible oil processing projects in Jingjiang, Yueyang, Maoming, and to supplement working capital[20](index=20&type=chunk)[21](index=21&type=chunk) - The company terminated its share repurchase plan on February 28, 2020, having cumulatively repurchased **15,031,695 shares**, representing **5.20%** of the total share capital, with a total transaction amount of **208,171,448.12 yuan**. The repurchased shares will be used for purposes such as conversion into convertible bonds issued by the listed company[22](index=22&type=chunk) [III. Unfulfilled Commitments by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company at the End of the Reporting Period](index=7&type=section&id=III.%20Unfulfilled%20Commitments%20by%20Controlling%20Shareholder%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20at%20the%20End%20of%20the%20Reporting%20Period) No overdue unfulfilled commitments by the controlling shareholder, shareholders, related parties, acquirers, or the company were identified during the reporting period - The company had no overdue unfulfilled commitments from its controlling shareholder, shareholders, related parties, acquirers, or the company itself during the reporting period[22](index=22&type=chunk) [IV. Financial Asset Investments](index=8&type=section&id=IV.%20Financial%20Asset%20Investments) The company had no securities investments but engaged in commodity futures hedging, reporting a **921,400 yuan** profit and implementing internal controls for risk management - The company had no securities investments during the reporting period[23](index=23&type=chunk) Derivative Investment Status (Commodity Futures Contracts) | Derivative Investment Type | Initial Investment Amount of Derivative (10,000 Yuan) | Beginning Investment Amount (10,000 Yuan) | Amount Purchased During Reporting Period (10,000 Yuan) | Amount Sold During Reporting Period (10,000 Yuan) | Period-End Investment Amount (10,000 Yuan) | Period-End Investment Amount as % of Company's Net Assets | Actual Profit/Loss Amount During Reporting Period (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Commodity Futures Contracts | 4,101.45 | -2,120.94 | 112,408.13 | 100,288.46 | -1,383.42 | -0.70% | 92.14 | | Total | 4,101.45 | -2,120.94 | 112,408.13 | 100,288.46 | -1,383.42 | -0.70% | 92.14 | - The company uses commodity futures for hedging to mitigate price fluctuation risks of raw materials and finished products, and has established 'Internal Control System for Futures Hedging' and 'Management Measures and Operating Rules for Futures Hedging' for risk management[24](index=24&type=chunk) [V. Progress of Fundraising Investment Projects](index=9&type=section&id=V.%20Progress%20of%20Fundraising%20Investment%20Projects) There was no progress on fundraising investment projects during the reporting period - The company had no progress on fundraising investment projects during the reporting period[26](index=26&type=chunk) [VI. Forecast of Operating Performance for January-June 2021](index=9&type=section&id=VI.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202021) The company did not provide a forecast or warning for potential losses or significant changes in operating performance for January-June 2021 - The company did not forecast its operating performance for January-June 2021, and there is no situation where cumulative net profit might be a loss or significantly change compared to the prior year same period[26](index=26&type=chunk) [VII. Significant Contracts in Ordinary Course of Business](index=9&type=section&id=VII.%20Significant%20Contracts%20in%20Ordinary%20Course%20of%20Business) There were no significant contracts in the ordinary course of business during the reporting period - The company had no significant contracts in the ordinary course of business during the reporting period[26](index=26&type=chunk) [VIII. Entrusted Wealth Management](index=9&type=section&id=VIII.%20Entrusted%20Wealth%20Management) The company invested **200 million yuan** in bank wealth management products using its own funds, with **40 million yuan** outstanding and no overdue amounts Entrusted Wealth Management Status | Specific Type | Source of Funds for Entrusted Wealth Management | Amount of Entrusted Wealth Management (10,000 Yuan) | Outstanding Balance (10,000 Yuan) | Overdue Unrecovered Amount (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 20,000 | 4,000 | 0 | | Total | - | 20,000 | 4,000 | 0 | - The company had no high-risk entrusted wealth management products with significant individual amounts, low security, poor liquidity, or non-guaranteed principal during the reporting period, nor were there any situations where principal was expected to be unrecoverable or other impairment-causing circumstances[27](index=27&type=chunk) [IX. Irregular External Guarantees](index=10&type=section&id=IX.%20Irregular%20External%20Guarantees) There were no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[28](index=28&type=chunk) [X. Non-Operating Fund Occupation by Controlling Shareholder and Related Parties](index=10&type=section&id=X.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholder%20and%20Related%20Parties) There was no non-operating fund occupation by the controlling shareholder or related parties during the reporting period - The company had no non-operating fund occupation by its controlling shareholder or related parties during the reporting period[29](index=29&type=chunk) [XI. Registration Form for Investor Relations Activities During the Reporting Period](index=10&type=section&id=XI.%20Registration%20Form%20for%20Investor%20Relations%20Activities%20During%20the%20Reporting%20Period) No investor relations activities, including research visits, communications, or interviews, occurred during the reporting period - The company did not conduct any investor relations activities such as research visits, communications, or interviews during the reporting period[30](index=30&type=chunk) Part IV Financial Statements This section presents the company's unaudited consolidated and parent company financial statements for Q1 2021 [I. Financial Statements](index=11&type=section&id=I.%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements for Q1 2021, detailing financial position and operating results [1. Consolidated Balance Sheet](index=11&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of March 31, 2021, consolidated total assets reached **3.525 billion yuan**, driven by increased trading financial assets and prepayments, with short-term borrowings also rising Consolidated Balance Sheet Key Data (As of March 31, 2021) | Item | March 31, 2021 (Yuan) | December 31, 2020 (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 410,528,799.00 | 381,612,026.35 | | Trading Financial Assets | 40,174,794.52 | - | | Derivative Financial Assets | 2,431,860.00 | 236,040.00 | | Prepayments | 396,842,562.11 | 210,471,671.68 | | Inventories | 683,000,022.56 | 875,340,721.92 | | Total Current Assets | 1,756,284,115.43 | 1,753,810,874.50 | | Fixed Assets | 730,100,616.72 | 739,283,578.41 | | Construction in Progress | 785,097,577.84 | 711,150,345.39 | | Total Non-Current Assets | 1,768,795,083.45 | 1,704,125,250.06 | | **Total Assets** | **3,525,079,198.88** | **3,457,936,124.56** | | Short-term Borrowings | 949,808,212.82 | 760,946,194.44 | | Derivative Financial Liabilities | 16,266,080.00 | 21,445,480.00 | | Accounts Payable | 197,849,181.51 | 299,288,244.61 | | Contract Liabilities | 153,588,794.15 | 252,886,805.88 | | Total Current Liabilities | 1,467,391,343.94 | 1,479,971,774.94 | | Total Liabilities | 1,556,200,062.82 | 1,572,162,761.10 | | Total Equity Attributable to Parent Company Shareholders | 1,904,449,420.49 | 1,824,434,689.05 | | **Total Liabilities and Equity** | **3,525,079,198.88** | **3,457,936,124.56** | [2. Parent Company Balance Sheet](index=14&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of March 31, 2021, parent company total assets reached **2.377 billion yuan**, with significant increases in cash, receivables, prepayments, and inventories, and a near doubling of current liabilities Parent Company Balance Sheet Key Data (As of March 31, 2021) | Item | March 31, 2021 (Yuan) | December 31, 2020 (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 376,584,715.49 | 198,559,686.45 | | Trading Financial Assets | 40,174,794.52 | - | | Accounts Receivable | 159,159,791.83 | 100,556,434.00 | | Prepayments | 118,101,587.69 | 67,401,016.43 | | Inventories | 206,059,081.70 | 59,465,620.37 | | Total Current Assets | 1,876,772,191.44 | 1,387,922,629.72 | | Long-term Equity Investments | 455,730,991.05 | 455,730,991.05 | | **Total Assets** | **2,377,220,159.86** | **1,888,246,124.96** | | Short-term Borrowings | 472,350,138.88 | 300,586,388.88 | | Derivative Financial Liabilities | 16,266,080.00 | 21,445,480.00 | | Accounts Payable | 14,718,790.38 | 52,279,873.33 | | Other Payables | 375,578,567.96 | 33,441,892.19 | | Total Current Liabilities | 882,372,398.27 | 442,727,512.95 | | **Total Liabilities** | **891,944,828.64** | **452,553,057.97** | | Total Equity | 1,485,275,331.22 | 1,435,693,066.99 | | **Total Liabilities and Equity** | **2,377,220,159.86** | **1,888,246,124.96** | [3. Consolidated Income Statement](index=16&type=section&id=3.%20Consolidated%20Income%20Statement) In Q1 2021, consolidated operating revenue grew **33.98%** to **1.299 billion yuan**, with net profit attributable to parent shareholders increasing **95.31%** to **81.63 million yuan** Consolidated Income Statement Key Data (Q1 2021) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,299,370,529.73 | 969,803,956.38 | | Operating Cost | 1,176,550,111.42 | 878,779,052.14 | | Selling Expenses | 19,957,952.17 | 42,337,451.69 | | Financial Expenses | 5,740,011.30 | -397,815.64 | | Other Income | 4,704,733.91 | 1,665,335.45 | | Investment Income | 1,096,234.32 | 9,455,381.36 | | Fair Value Change Gains | 7,558,990.00 | 3,734,406.51 | | Operating Profit | 92,941,442.17 | 48,151,578.34 | | Total Profit | 93,302,282.76 | 52,216,149.76 | | Net Profit | 84,721,500.52 | 40,930,971.67 | | Net Profit Attributable to Parent Company Shareholders | 81,630,459.36 | 41,795,410.59 | | Basic Earnings Per Share | 0.30 | 0.15 | | Diluted Earnings Per Share | 0.30 | 0.15 | [4. Parent Company Income Statement](index=19&type=section&id=4.%20Parent%20Company%20Income%20Statement) In Q1 2021, parent company operating revenue grew **6.56%** to **257 million yuan**, achieving a net profit of **49.93 million yuan** from a prior-year loss Parent Company Income Statement Key Data (Q1 2021) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 256,849,587.33 | 241,038,075.18 | | Operating Cost | 200,126,312.82 | 227,717,756.47 | | Selling Expenses | 9,973,632.58 | 10,584,354.01 | | Financial Expenses | 2,812,677.60 | -224,130.65 | | Other Income | 1,759,516.65 | 136,641.79 | | Investment Income | 1,096,234.32 | 7,075,046.76 | | Fair Value Change Gains | 7,718,600.00 | -8,691,093.49 | | Operating Profit | 49,894,077.43 | -4,311,133.10 | | Total Profit | 49,925,644.23 | -2,770,740.37 | | Net Profit | 49,925,644.23 | -2,770,740.37 | [5. Consolidated Cash Flow Statement](index=21&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In Q1 2021, net operating cash flow turned positive to **31.95 million yuan**, a **125.98%** increase, while investing activities saw significant outflows and financing activities had substantial inflows Consolidated Cash Flow Statement Key Data (Q1 2021) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 1,527,949,714.53 | 1,042,648,401.25 | | Subtotal of Cash Outflows from Operating Activities | 1,496,003,447.00 | 1,165,600,860.63 | | Net Cash Flow from Operating Activities | 31,946,267.53 | -122,952,459.38 | | Subtotal of Cash Inflows from Investing Activities | 160,000,510.00 | 236,927,854.83 | | Subtotal of Cash Outflows from Investing Activities | 347,224,387.92 | 137,186,845.17 | | Net Cash Flow from Investing Activities | -187,223,877.92 | 99,741,009.66 | | Subtotal of Cash Inflows from Financing Activities | 410,000,000.00 | 190,000,000.00 | | Subtotal of Cash Outflows from Financing Activities | 225,806,512.44 | 48,973,382.71 | | Net Cash Flow from Financing Activities | 184,193,487.56 | 141,026,617.29 | | Net Increase in Cash and Cash Equivalents | 28,916,772.65 | 118,082,158.27 | | Period-End Balance of Cash and Cash Equivalents | 410,528,799.00 | 362,483,629.28 | [6. Parent Company Cash Flow Statement](index=24&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) In Q1 2021, parent company net operating cash flow increased to **48.81 million yuan**, while investing activities showed a net outflow and financing activities significantly increased due to borrowings Parent Company Cash Flow Statement Key Data (Q1 2021) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 1,776,654,773.55 | 1,366,413,603.05 | | Subtotal of Cash Outflows from Operating Activities | 1,727,843,489.64 | 1,321,894,620.39 | | Net Cash Flow from Operating Activities | 48,811,283.91 | 44,518,982.66 | | Subtotal of Cash Inflows from Investing Activities | 160,000,510.00 | 236,927,854.83 | | Subtotal of Cash Outflows from Investing Activities | 200,432,657.00 | 107,658,232.95 | | Net Cash Flow from Investing Activities | -40,432,147.00 | 129,269,621.88 | | Subtotal of Cash Inflows from Financing Activities | 200,000,000.00 | 30,000,000.00 | | Subtotal of Cash Outflows from Financing Activities | 30,354,111.12 | 48,896,586.30 | | Net Cash Flow from Financing Activities | 169,645,888.88 | -18,896,586.30 | | Net Increase in Cash and Cash Equivalents | 178,025,029.04 | 154,900,056.48 | | Period-End Balance of Cash and Cash Equivalents | 376,584,715.49 | 348,013,083.80 | [II. Explanation of Financial Statement Adjustments](index=25&type=section&id=II.%20Explanation%20of%20Financial%20Statement%20Adjustments) The company adopted new leasing standards in 2021 without retrospective adjustment to prior period financial statements - The company adopted new leasing standards for the first time in 2021 but did not retrospectively adjust the financial statements at the beginning of the first adoption year or prior comparative data[58](index=58&type=chunk) [III. Audit Report](index=25&type=section&id=III.%20Audit%20Report) The company's Q1 2021 report remains unaudited - The company's first quarter report is unaudited[58](index=58&type=chunk)

Financial Performance - The company's operating revenue for 2020 was CNY 5,287,320,473.49, representing a 28.43% increase compared to CNY 4,116,731,900.76 in 2019[16] - The net profit attributable to shareholders of the listed company was a loss of CNY 76,499,092.75, a decrease of 159.38% from a profit of CNY 128,835,318.91 in 2019[16] - The basic earnings per share for 2020 was -0.2786, down 161.57% from 0.4525 in 2019[16] - The total assets at the end of 2020 were CNY 3,457,936,124.56, an increase of 27.98% from CNY 2,701,875,970.52 at the end of 2019[16] - The net cash flow from operating activities for 2020 was CNY 79,563,423.31, a significant increase of 474.34% compared to CNY 13,852,910.91 in 2019[16] - The total profit for 2020 was reported at -¥45.10 million, a decline of 127.22% compared to the previous year, primarily due to rapid increases in raw material prices[28] - The company’s net profit attributable to shareholders for 2020 was -¥76.50 million, reflecting a significant decrease of 159.38% year-on-year[28] - The company reported a net increase in cash and cash equivalents of ¥131,400,456.02 in 2020, a significant turnaround from a decrease of ¥28,691,649.15 in 2019, marking a 557.97% increase[62] Revenue Sources and Growth - The revenue from packaging oil and by-products was the main contributor to the operating revenue increase[16] - The company reported a significant increase in sales of packaging oil, which was a key driver for revenue growth[17] - The company achieved a total revenue of ¥5,287.32 million in 2020, representing a year-on-year growth of 28.43%[28] - The company’s main product, packaged oil, generated revenue of ¥4,140,974,255.13, marking a 31.03% increase from the previous year[48] - The revenue from the Central China region was ¥2,506,723,922.40, representing 47.41% of total revenue, with a year-on-year growth of 32.80%[48] Market Position and Strategy - The company has a strong market position as a leading brand in the packaging edible oil sector, particularly in rapeseed oil, with a well-recognized brand "Daodaoquan"[27] - The company is focusing on expanding its market presence in regions such as Northwest, Northeast, and South China, alongside strengthening its brand influence in Central China[36] - The company is launching new products, including high oleic canola oil and tea oil, to enhance its product offerings and competitiveness[39] - The company is focusing on brand promotion and market marketing for new products such as tea oil and high oleic rapeseed oil[89] Operational Efficiency and Investments - The company has invested significantly in construction projects, with a reported increase of 15,977.27% in construction in progress compared to the beginning of the year[30] - The company plans to complete the construction of new processing projects in Yueyang, Guangdong, and Jiangsu by the first half of 2021, which will enhance production capacity[36] - The company plans to enhance its production capacity with the upcoming completion of new production bases in Jingjiang, Maoming, and the second phase of the Yueyang project[44] - The company is accelerating the research and development of plant oil refining technology to improve product competitiveness[89] Quality Control and Certifications - The company has implemented quality control measures, achieving ISO9001 and ISO22000 certifications, ensuring product quality and safety[31] - The company has established a comprehensive product traceability system to enhance quality control and consumer experience[37] - The company emphasizes product safety and quality, ensuring the production of healthy and safe grain and oil products[139] Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders, based on a total of 273,968,305 shares[4] - The cash dividend distribution represents 100% of the total distributable profit of CNY 223,980,420.65 for the year[104] - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase[104] Risk Management and Challenges - The company has indicated uncertainty regarding its ability to continue as a going concern, as reflected in the audit report[16] - The company faces risks from raw material price fluctuations, which could significantly impact profitability despite hedging strategies[90] - The competitive landscape in the edible oil industry is intensifying, necessitating effective brand promotion and marketing channel expansion[90] Social Responsibility and Community Engagement - The company has actively participated in poverty alleviation efforts, helping 2 out of 9 targeted impoverished households achieve poverty alleviation in 2020[142] - The company allocated a total of 46 million yuan for poverty alleviation efforts, with specific projects contributing to this amount[143] - The company has implemented strict environmental protection measures in accordance with national regulations, highlighting its commitment to sustainable development[140] Management and Governance - The company’s management team includes experienced professionals with backgrounds in finance and management, enhancing operational efficiency[184] - The company has a robust internal control system to protect the rights of all shareholders, ensuring fair treatment and information disclosure[137] - The company has not engaged in any major litigation or arbitration matters during the reporting period[116]

Financial Performance - Operating revenue for the reporting period reached CNY 1,521,688,716.25, a 43.40% increase year-on-year[7] - Net profit attributable to shareholders was CNY -11,691,319.05, a decrease of 153.49% compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 270.09% to CNY 16,631,451.66[7] - Basic earnings per share were CNY -0.04, a decrease of 100.00% year-on-year[7] - The weighted average return on net assets was -0.67%, down 204.55% from the previous year[7] - The net profit for the third quarter was a loss of CNY 11,268,811.88, compared to a loss of CNY 4,286,459.15 in the same period last year[45] - The total comprehensive income for the third quarter was a loss of CNY 26,298,661.40, compared to a gain of CNY 5,422,010.85 in the previous year[46] - The net profit attributable to the parent company was CNY 90,197,112.87, compared to CNY 127,069,600.57 in the same period last year, indicating a decrease of about 29.1%[53] - The total profit for the current period was CNY 121,829,432.11, down from CNY 174,055,800.87, reflecting a decline of approximately 30%[52] - The total comprehensive income for the current period was CNY 77,856,881.09, compared to CNY 133,597,022.06 in the previous period, indicating a decrease of about 41.7%[53] Assets and Liabilities - Total assets increased by 10.87% to CNY 2,995,554,341.87 compared to the end of the previous year[7] - Non-current assets totaled CNY 1,302,282,583.23, up from CNY 1,046,843,492.51 year-on-year, indicating a growth of approximately 24.3%[38] - Current liabilities rose to CNY 870,529,758.33, compared to CNY 586,268,729.70 in the previous year, marking an increase of approximately 48.5%[37] - The company's total liabilities reached CNY 956,443,649.49, up from CNY 674,022,150.88, representing a growth of around 42%[37] - The company's cash and cash equivalents decreased by 571.77%, totaling -¥123,063,356.30, primarily due to increased investment in subsidiary projects[17] - The company's accounts receivable increased by 46.54% to ¥56,009,070.19, driven by higher sales of packaged oil[16] - The company's total liabilities decreased by 61.20% in accounts payable, amounting to ¥115,797,752.57, due to reduced payments for raw material purchases[16] - Total liabilities reached CNY 674,022,150.88, with current liabilities at CNY 586,268,729.70 and non-current liabilities at CNY 87,753,421.18[69] Cash Flow - Cash flow from operating activities was CNY -101,595,617.83, a decline of 22.06% compared to the previous year[7] - The net cash flow from operating activities improved by 81.25%, amounting to -¥65,782,652.15, compared to -¥350,930,145.21 in the previous year[17] - The net cash flow from operating activities was -65,782,652.15 CNY, compared to -350,930,145.21 CNY in the previous period, indicating an improvement[60] - Total cash inflow from operating activities reached 4,393,055,925.16 CNY, up from 3,055,736,626.57 CNY year-over-year[60] - Cash outflow from operating activities increased to 4,458,838,577.31 CNY from 3,406,666,771.78 CNY, reflecting higher operational costs[60] - The net cash flow from investing activities was -241,004,882.83 CNY, a decline from a positive 545,495,174.44 CNY in the previous period[61] - The net cash flow from financing activities was 183,313,080.99 CNY, a significant recovery from -213,048,784.03 CNY in the previous period[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,890[11] - The top shareholder, Liu Jianjun, holds 29.71% of the shares, totaling 85,853,138 shares[11] Investment and Expenses - The company reported a significant increase in prepayments, which rose by 271.89% to ¥497,940,907.29, primarily due to increased raw material procurement[16] - The company’s financial expenses decreased by 36.41%, with net financial income reported at -¥2,090,521.62 due to increased interest income from deposits[16] - The company reported a significant increase in operating costs, with a total of CNY 3,676,617,118.18 for the year-to-date, compared to CNY 2,740,861,807.88 in the previous year[51] - Research and development expenses for the third quarter were CNY 1,068,261.44, slightly down from CNY 1,202,757.31 in the previous year[44] - The company incurred research and development expenses of CNY 2,555,009.15, an increase from CNY 1,925,568.49 in the previous period, reflecting a growth of approximately 32.8%[55] Risk Management - The company has established a dedicated futures operation team and internal control systems to manage risk in derivative investments[25] - The total amount of entrusted financial management was 33,000 million, with no overdue amounts reported[27] - The company has not reported any significant changes in accounting policies related to derivatives compared to the previous reporting period[25] - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[28][29]