Revenue and Profit - Revenue for Q1 2020 was CNY 85,520,408.64, a decrease of 28.42% compared to CNY 119,469,426.49 in the same period last year[7] - Net profit attributable to shareholders was CNY 5,209,071.29, down 71.09% from CNY 18,017,619.19 year-on-year[7] - Net profit excluding non-recurring items was CNY 2,618,160.47, a decline of 83.52% compared to CNY 15,885,705.01 in the previous year[7] - Basic earnings per share decreased by 80.03% to CNY 0.0121 from CNY 0.0606 year-on-year[7] - Total operating revenue for Q1 2020 was CNY 3,257,928.46, compared to CNY 8,555,059.13 in the previous period[41] - Net profit for Q1 2020 was CNY 4,966,466.79, a decrease from CNY 16,927,936.91 in the same period last year, representing a decline of approximately 70.7%[39] - Operating profit for Q1 2020 was CNY 5,170,090.55, down from CNY 18,428,518.65 in the previous year, indicating a decrease of about 72%[38] - The company reported a total comprehensive income of CNY 4,966,466.79 for Q1 2020, down from CNY 16,927,936.91 in the previous year, indicating a decline of about 70.7%[39] Cash Flow - Operating cash flow for the period was CNY 6,507,973.24, an increase of 117.89% from CNY 2,986,868.23 in the same period last year[7] - The net cash flow from operating activities for Q1 2020 was CNY 6,507,973.24, an increase from CNY 2,986,868.23 in Q1 2019, representing a growth of approximately 118.3%[46] - The net cash flow from investment activities increased significantly by ¥99,254,801.85, primarily due to increased redemptions of wealth management products[16] - Total cash inflow from investment activities was CNY 620,272,897.50, compared to CNY 388,459,631.66 in the previous year, marking an increase of about 59.7%[46] - The net cash flow from investment activities was CNY 43,426,021.90, a significant recovery from a negative cash flow of CNY 55,828,779.95 in the same period last year[46] - Cash and cash equivalents at the end of Q1 2020 amounted to CNY 450,602,252.95, up from CNY 77,168,570.15 at the end of Q1 2019, indicating a substantial increase of approximately 484.5%[47] - Cash outflow for operating activities totaled CNY 7,807,364.79, down from CNY 12,446,796.85 in Q1 2019, reflecting a decrease of about 37.5%[48] - The cash flow from financing activities resulted in a net outflow of CNY 12,837,638.82, compared to a net inflow in the previous year[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,635,904,162.86, a decrease of 0.60% from CNY 1,645,782,144.03 at the end of the previous year[7] - Total liabilities decreased to CNY 291,724,699.28 from CNY 306,569,147.24[30] - Total equity attributable to shareholders of the parent company increased to CNY 1,276,174,367.31 from CNY 1,270,965,296.02[31] - Long-term equity investments increased to CNY 163,501,195.48 from CNY 162,178,544.05[29] - Non-current assets totaled CNY 970,203,042.04, up from CNY 961,445,016.03[29] - Total current assets were CNY 359,974,318.86, with non-current assets totaling CNY 1,020,422,200.49[58] - The total liabilities and equity combined were CNY 1,380,396,519.35[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,315[10] - The largest shareholder, Shenzhen Special Development Group, holds 49.09% of the shares[10] - Net assets attributable to shareholders increased by 0.41% to CNY 1,276,174,367.31 from CNY 1,270,965,296.02 at the end of the previous year[7] Other Financial Metrics - The company reported non-recurring gains of CNY 2,590,910.82 during the period[8] - Investment income fell by 38.94% to ¥4,215,152.38, reflecting reduced profits from associated companies impacted by the pandemic[15] - The company provided rent exemptions totaling up to ¥25 million (excluding tax) for two months to certain tenants affected by the COVID-19 pandemic[17] - Financial expenses decreased significantly by ¥3,127,206.97, resulting from reduced interest expenses due to a decrease in bank loans[15] - The company has no significant securities investments or derivative investments during the reporting period[19][22] - The company reported a 41.46% decrease in inventory, amounting to ¥12,521,824.74, due to reduced vehicle stock at Huari Company[14] - The pre-receivable account decreased by 38.73% to ¥16,726,304.72, as vehicle sales revenue was recognized[14] - Other income for Q1 2020 was CNY 16,224.48, with no previous period data available[38] - Tax expenses for Q1 2020 were CNY 421,125.67, compared to CNY 676,399.30 in the previous year, a decrease of approximately 37.8%[38] Accounting Standards and Reporting - The first quarter report was not audited[62] - The company has implemented new accounting standards effective January 1, 2020, which do not impact prior year financial indicators[61] - As of January 1, 2020, the company adopted new revenue recognition standards without retrospective adjustments affecting 2019 financial metrics[55]

Financial Performance - The company's operating revenue for 2019 was CNY 571,072,893.90, representing a 37.86% increase compared to CNY 414,238,778.96 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 219,669,708.47, a significant increase of 152.71% from CNY 86,924,058.72 in the previous year[16]. - The net cash flow from operating activities improved to CNY 78,911,353.03 in 2019, recovering from a negative cash flow of CNY -6,574,979.97 in 2018[16]. - The basic earnings per share for 2019 was CNY 0.5096, up 152.65% from CNY 0.2017 in 2018[16]. - The total assets at the end of 2019 were CNY 1,645,782,144.03, a slight decrease of 0.75% from CNY 1,658,295,531.00 at the end of 2018[17]. - The net assets attributable to shareholders increased by 21.02% to CNY 1,270,965,296.02 at the end of 2019, compared to CNY 1,050,209,537.35 at the end of 2018[17]. - The weighted average return on equity for 2019 was 18.92%, an increase of 10.29% from 8.63% in 2018[16]. - The net profit excluding non-recurring gains and losses decreased by 35.48% to CNY 53,738,507.05 in 2019 from CNY 83,286,083.84 in 2018[16]. Revenue Breakdown - The company achieved a 37.89% increase in automotive sales revenue, totaling ¥168.55 million, due to the launch of new mid-to-high-end models[25]. - The property leasing and service income reached ¥161.19 million, representing a 72.17% increase year-on-year, with a leasing rate of 90% for the new jewelry building project[26]. - The jewelry business revenue was ¥193.38 million, reflecting a 27.88% growth compared to the previous year, despite a challenging market environment[27]. - Automotive sales contributed ¥168,551,160.58, a growth of 37.89% from ¥122,236,609.61 in 2018, maintaining a steady revenue share of 29.51%[40]. - Property leasing and services saw significant growth, with revenue increasing by 72.17% to ¥161,185,484.32 from ¥93,621,443.04 in 2018, accounting for 28.23% of total revenue[40]. - Jewelry wholesale and retail revenue rose by 27.88% to ¥193,383,760.50, up from ¥151,227,106.85 in 2018, representing 33.86% of total revenue[40]. Cash Flow and Investments - The company's cash and cash equivalents reached 42,885,160 yuan, a significant increase of 151.92% from the beginning of the year, attributed to the redemption of financial products and recovery of equity transfer payments[31]. - Investment cash inflow surged by 74.12% to ¥2,235,119,053.77, driven by increased redemption of financial products and collection of equity transfer payments[55]. - Net cash flow from investment activities reached ¥351,881,541.40, a significant increase of 1521.37% compared to ¥21,702,682.14 in 2018[55]. - The company reported a 79.50% contribution from investment income, totaling ¥240,569,654.98, primarily from the completion of a 43% equity transfer in Xinglong Company[57]. Strategic Initiatives - The company has implemented a series of measures to enhance market expansion, including infrastructure upgrades and customer engagement strategies[25]. - The company is focusing on improving risk control capabilities through data analysis and IT platform enhancements in its jewelry service business[27]. - The company aims to transform into a comprehensive third-party service provider for the jewelry industry, focusing on diversified development strategies[79]. - The company plans to create a "Sustainable Development Ecosystem" by exploring new industries such as ICT, big data, and renewable energy, aiming to strengthen its profitability[85]. - The company is actively exploring third-party comprehensive service extensions in the jewelry sector, including the establishment of a supply chain service platform for precious metals and diamonds[36]. Corporate Governance - The company has not reported any significant changes in its shareholding structure, with 100% of shares being unrestricted[148]. - The company’s major shareholders do not have any related party relationships, ensuring independent decision-making[154]. - The board of directors and senior management have not made any changes in shareholding during the reporting period, maintaining a stable ownership structure[166]. - The company is focused on leveraging the diverse professional backgrounds of its board members to enhance strategic decision-making[168]. - The company maintained effective internal control over financial reporting as of December 31, 2019, in all material respects[200]. Social Responsibility and Community Engagement - The company has undertaken a targeted poverty alleviation project in Li Bai Village, which included the completion of road construction to resolve long-standing transportation issues for the villagers[138]. - The company plans to expand and repair roads within Li Bai Village as part of its ongoing poverty alleviation efforts[139]. - The company actively promotes social responsibility by returning value to shareholders, supporting employees, and contributing to societal development[137]. Employee Management - The total number of employees in the company is 325, with 55 in the parent company and 270 in major subsidiaries[175]. - The professional composition includes 41 production personnel, 89 sales personnel, 66 technical personnel, 25 financial personnel, and 104 administrative personnel[175]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 6.5836 million yuan[174]. - The company strictly implements performance assessments to determine remuneration for directors and senior management[172]. Risk Management - The company emphasizes the importance of risk management and aims to improve the quality of risk control to further standardize and institutionalize management practices[89]. - The company has recognized the challenges and risks associated with its strategic transformation into new business areas and is focused on careful decision-making and resource integration[91].

Financial Performance - Net profit attributable to shareholders increased by 115.93% to CNY 19,261,241.23 for the current period[7] - Operating revenue rose by 59.10% to CNY 147,368,783.52 for the current period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 162.56% to CNY 17,897,653.01[7] - Basic earnings per share increased by 49.00% to CNY 0.0447[7] - The company's net profit attributable to shareholders increased by 78.68% to ¥64,041,189.83, driven by higher operating profits from the first phase of the Jewelry Building[16] - Operating revenue grew by 46.48% to ¥425,637,522.85, primarily due to increased revenue from the first phase of the Jewelry Building[16] - The net profit for Q3 2019 reached CNY 20,428,634.75, up 127.5% from CNY 8,976,401.03 in Q3 2018[42] - The net profit for the year-to-date period was CNY 65,411,134.01, representing an increase of 83.8% from CNY 35,543,250.75 in the same period last year[50] - The total revenue for the year-to-date period reached CNY 425,637,522.85, an increase of 46.4% compared to CNY 290,580,852.31 in the previous year[48] Assets and Liabilities - Total assets increased by 8.73% to CNY 1,803,019,053.39 compared to the end of the previous year[7] - The total assets as of September 30, 2019, amounted to CNY 1,542,565,341.81, compared to CNY 1,421,774,451.24 at the end of 2018, reflecting a growth of 8.5%[39] - The company's total liabilities were reported at ¥618,325,703.51, compared to ¥559,013,315.13 in the previous year, indicating a rise in liabilities[33] - Total liabilities increased to CNY 637,820,182.86, up 17.9% from CNY 540,774,231.56 in the previous year[38] - The total equity attributable to shareholders increased to ¥1,114,250,727.18 from ¥1,050,209,537.35, reflecting a growth in shareholder equity[34] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 57,968,425.90[7] - The net cash flow from operating activities improved significantly, increasing by ¥83,948,103.64 to ¥57,968,425.90, attributed to higher operating income from the Jewelry Building[16] - The net cash flow from operating activities was CNY 57,968,425.90, recovering from a negative cash flow of CNY -25,979,677.74 in the prior year[59] - Cash and cash equivalents at the end of the period totaled CNY 189,819,470.67, up from CNY 134,142,994.92 at the end of the previous year[59] - The net cash flow from investment activities was ¥85,052,095.83, a substantial increase from ¥1,726,540.86 in Q3 2018, marking a growth of approximately 4900%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,620[11] - The largest shareholder, Shenzhen Special Development Group Co., Ltd., holds 49.09% of the shares[11] Investment and Financial Management - The company reported non-recurring gains of CNY 5,550,177.10, primarily from financial investment income[9] - The company's investment income decreased by 8.94% to ¥22,566,849.89, mainly due to reduced investment income from associated companies[16] - The company received cash from investment recoveries amounting to ¥727,000,000.00, which is an increase from ¥519,000,000.00 in the previous year, showing a growth of approximately 39.9%[62] - The company did not engage in any securities investments during the reporting period, maintaining a conservative investment strategy[22] Operational Commitments - There were no significant changes in the company's operational commitments or non-operational fund occupation by major shareholders during the reporting period[27] - The company has no overdue commitments or guarantees during the reporting period, indicating a stable financial position[26] Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[38] - The company plans to continue focusing on market expansion and new product development to drive future growth[48]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥278,268,739.33, representing a 40.57% increase compared to ¥197,955,081.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥44,779,948.60, a 66.34% increase from ¥26,920,279.86 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥40,593,359.72, up 83.69% from ¥22,098,655.68 in the previous year[18]. - The basic earnings per share increased by 14.68% to ¥0.1039 from ¥0.0906 in the previous year[18]. - The company's total operating revenue reached 278.27 million RMB, an increase of 40.57% compared to the previous year[37]. - The net profit attributable to the parent company was 44.78 million RMB, a year-on-year increase of 66.34%[37]. - The company reported a net increase in cash and cash equivalents of ¥56,392,930.47, which is a decrease of 51.29% compared to the previous year[40]. - The company reported a total comprehensive income attributable to the parent company for the first half of 2019 was CNY 44,779,948.60, compared to CNY 26,920,279.86 in the first half of 2018[130]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥27,434,059.30, a significant recovery from a negative cash flow of -¥28,070,468.11 in the same period last year[18]. - The company reported a total cash inflow from operating activities of 21,401,565.49 yuan in the first half of 2019, down from 36,675,338.87 yuan in the same period of 2018[140]. - The cash flow from investment activities showed a total outflow of 494,675,914.33 yuan in the first half of 2019, compared to 348,415,614.68 yuan in the same period of 2018[141]. - The cash flow from sales of goods and services was 14,820,726.01 yuan in the first half of 2019, while the previous year's figure was 26,539,659.00 yuan, reflecting a decline[140]. - The company achieved a cash inflow of CNY 30,288,007.02 from other operating activities, compared to CNY 14,796,131.60 in the same period of 2018[137]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,711,571,788.47, a 3.21% increase from ¥1,658,295,531.00 at the end of the previous year[18]. - The total liabilities decreased slightly to CNY 547,307,073.34 from CNY 559,013,315.13, showing a reduction of about 2.5%[121]. - The company's equity attributable to shareholders increased to CNY 1,094,989,485.95 from CNY 1,050,209,537.35, reflecting a growth of approximately 4.3%[121]. - The company's current assets totaled CNY 819,857,366.38, up from CNY 709,005,203.49 at the end of 2018, reflecting a growth of approximately 15.6%[118][121]. Revenue Streams - The company achieved automotive sales revenue of 79.25 million RMB, a year-on-year increase of 28.62%[26]. - The company realized property leasing and service revenue of 73.68 million RMB, a year-on-year increase of 89.70%[27]. - The company reported jewelry wholesale and retail revenue of 97.10 million RMB, a year-on-year increase of 35.27%[28]. - The company's revenue for the reporting period reached ¥278,268,739.33, a year-on-year increase of 40.57%, primarily driven by the operation of the first phase of the jewelry building and increased wholesale revenue from Sichuan Jewelry Company[39]. Investment and Equity - Long-term equity investments decreased by 31.53% to 153.82 million RMB due to profit distribution from an associate company[29]. - The company holds a 43% stake in Shenzhen Xinglong Machinery Mould Co., which has a fixed asset loan of RMB 280 million from China Construction Bank[51]. - The company sold a 43% stake in Shenzhen Xinglong Machinery Mould Co. for RMB 28.667 million, contributing RMB 20.188 million to net profit[55]. - The company has reported a total of 1,600 million RMB in equity, indicating a solid financial position for future investments[153]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[68]. - The company has not faced any penalties or corrective actions during the reporting period[69]. - The company and its controlling shareholders have maintained a good integrity status, with no significant debts or court judgments unmet during the reporting period[70]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[52]. Strategic Initiatives - The company plans to enhance its risk control system and explore innovative business models in the jewelry sector[33]. - The company aims to integrate industry demands and provide comprehensive innovative services to promote healthy industry development[34]. - The strategic transition towards becoming a comprehensive service provider in the jewelry industry is underway, with several projects already yielding positive results[60]. - The company is actively enhancing management efficiency and exploring new profit growth points to mitigate risks associated with economic volatility[59]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 54,000, with significant shareholders including Shenzhen Special Development Group holding 49.09% and Shenzhen Yuan Zhi Fu Hai Jewelry Investment holding 19.89%[102]. - The company’s total share capital after the conversion is now 431,058,320 shares, with 100% being unrestricted shares[98]. - The company has a non-circulating shareholding structure where state-owned shares account for 49.09% of the total shares[163]. - The company has not engaged in any share buyback activities during the reporting period[101]. Social Responsibility - The company participated in targeted poverty alleviation efforts in Li Bai Village, Guangdong Province, completing road construction projects to improve local transportation[90][93]. - The poverty alleviation project was initiated on December 29, 2017, and has been completed, addressing long-standing transportation issues for villagers[90]. Financial Reporting and Standards - The financial report for the first half of 2019 was not audited[116]. - The company’s financial statements comply with the accounting standards and reflect its financial position as of June 30, 2019[168]. - The company operates on a calendar year basis, with the accounting period running from January 1 to December 31[170].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 119,469,426.49, representing a 29.72% increase compared to CNY 92,099,937.58 in the same period last year[7] - Net profit attributable to shareholders was CNY 18,017,619.19, an increase of 11.90% from CNY 16,101,533.51 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 15,885,705.01, up 17.90% from CNY 13,473,427.60 in the previous year[7] - The company reported a significant increase in income tax expenses, which rose by 108.36% to ¥676,399.30, reflecting increased operating profits[15] - Total operating costs for Q1 2019 were CNY 107,944,394.60, up 22.5% from CNY 88,166,967.66 in Q1 2018[40] - Net profit for Q1 2019 reached CNY 16,927,936.91, representing a 11.5% increase from CNY 15,190,680.56 in Q1 2018[42] - Basic and diluted earnings per share for Q1 2019 were both CNY 0.0606, compared to CNY 0.0542 in Q1 2018[43] Cash Flow - The net cash flow from operating activities was CNY 2,986,868.23, a significant improvement from a negative cash flow of CNY -8,305,634.44 in the same period last year[7] - The net cash flow from operating activities improved by ¥11,292,502.67, reaching ¥2,986,868.23, mainly due to increased cash inflow from operations following the operation of the Shuibei Jewelry Building's first phase[16] - Cash inflow from operating activities totaled CNY 134,188,061.79, an increase from CNY 88,642,492.05 in the previous period[50] - Net cash flow from investment activities was negative CNY 55,828,779.95, worsening from negative CNY 4,855,305.59 in the previous period[51] - Net cash flow from financing activities was also negative at -¥12,837,638.82, primarily due to loan repayments during the reporting period[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,654,362,251.54, a slight decrease of 0.24% from CNY 1,658,295,531.00 at the end of the previous year[7] - Total current assets decreased slightly to CNY 704,083,232.71 from CNY 709,005,203.49, a decline of approximately 0.3%[32] - Total liabilities decreased to CNY 518,152,098.76 from CNY 559,013,315.13, a decline of about 7.3%[33] - The company's total equity increased to CNY 886,816,669.92, up from CNY 881,000,219.68 year-over-year[39] - Total liabilities and owners' equity amounted to CNY 1,428,056,194.48, compared to CNY 1,421,774,451.24 in the previous year[39] Investments - Investment income decreased by ¥4,724,125.33 to ¥6,903,486.76, a decline of 40.63%, primarily due to reduced investment income from associated enterprises[15] - The company plans to sell 43% of its stake in Shenzhen Xinglong Machinery Mould Co., Ltd. for no less than ¥286,017,100, with the transaction expected to be completed soon[17] - The company has signed a contract with Runhe for the transfer of the 43% stake at a price of ¥286,670,000, with a deposit of ¥30,000,000 already paid[18] Shareholder Information - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] - The company has no overdue commitments or violations regarding external guarantees during the reporting period[20] Other Financial Metrics - The weighted average return on equity was 1.70%, slightly up from 1.66% in the previous year[7] - The company reported a decrease in prepaid expenses to CNY 10,153,494.27 from CNY 15,897,763.97, a decline of about 36.5%[33] - The company reported an investment income of CNY 6,903,486.76, down from CNY 11,627,612.09 in the previous year[40] - The financial expenses for Q1 2019 were CNY 2,411,716.67, significantly higher than CNY 899,268.60 in Q1 2018[40]

Financial Performance - The company's operating revenue for 2018 was CNY 414,238,778.96, representing a 19.30% increase compared to CNY 347,237,289.80 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 86,924,058.72, a 30.00% increase from CNY 66,862,772.68 in 2017[16] - The net profit after deducting non-recurring gains and losses was CNY 83,286,083.84, which is a 53.01% increase from CNY 54,431,067.47 in 2017[16] - The basic earnings per share for 2018 was CNY 0.2924, up 30.01% from CNY 0.2249 in 2017[16] - The total profit reached CNY 90.55 million, up CNY 21.62 million or 31.34% from CNY 68.93 million in the prior year, with net profit attributable to the parent company at CNY 86.92 million, an increase of CNY 20.06 million or 29.97%[36] - Total revenue for 2018 reached CNY 332,347,355.12, representing a year-on-year increase of 30.71%[46] Assets and Liabilities - The total assets at the end of 2018 were CNY 1,658,295,531.00, an 18.17% increase from CNY 1,403,314,594.42 at the end of 2017[17] - The net assets attributable to shareholders at the end of 2018 were CNY 1,050,209,537.35, a 9.03% increase from CNY 963,259,056.63 at the end of 2017[17] - The company's long-term equity investments decreased by 21.03% to CNY 224.64 million due to the transfer of 43% equity in Xinglong Company to held-for-sale assets[28] - The company's total liabilities increased, with short-term borrowings rising to CNY 143,000,000.00, up from CNY 120,000,000.00 in the previous year[54] Cash Flow - The net cash flow from operating activities for 2018 was CNY -6,574,979.97, compared to CNY -2,093,068.05 in 2017[16] - The net cash flow from operating activities turned positive in Q4 2018, reaching CNY 19.4 million, after being negative in the first three quarters[21] - Investment activities generated a net cash inflow of CNY 21,702,682.14, a significant recovery from a net outflow of CNY -148,951,240.87 in the previous year[52] Revenue Segments - The company reported a 16.36% decline in automotive sales revenue, totaling CNY 122.23 million for the year, impacted by market conditions[26] - Resource asset management revenue remained stable at CNY 93.62 million, indicating effective management strategies despite market challenges[26] - Jewelry wholesale and retail revenue reached CNY 151.22 million, contributing to the company's strategic shift towards becoming a comprehensive service provider in the jewelry industry[27] - The jewelry wholesale and retail business expanded significantly, contributing CNY 151.23 million, a remarkable increase of 254.00% from CNY 42.72 million in the previous year[40] Strategic Initiatives - The company plans to distribute 4.5 shares for every 10 shares held as a capital reserve, with no cash dividends[4] - The company plans to maintain its status as the largest owner in the Shui Bei and Bu Xin areas, leveraging property resources for stable income and cash flow[31] - The company aims to become the most influential third-party comprehensive service provider in the fashion jewelry industry[81] - The company plans to invest in the "Jewelry Industry Innovation and Entrepreneurship Base" with a construction area of approximately 3,500 square meters to support the transformation and upgrading of the jewelry industry[84] Governance and Management - The company has a diverse management team with extensive backgrounds in finance, real estate, and human resources, indicating a strong leadership foundation[162] - The company underwent a board re-election on September 7, 2018, resulting in the appointment of Fu Chunlong as Chairman and Yu Lei as a Director[159] - The company has established an independent financial accounting department and a complete accounting system, ensuring no interference from the controlling shareholder in financial operations[176] - The company has maintained a commitment to social responsibility, focusing on shareholder returns, employee welfare, and community support[134] Shareholder Information - The largest shareholder, Shenzhen Special Development Group Co., Ltd., holds 49.09% of the shares, totaling 145,925,256[148] - The total number of shareholders increased to 52,687 by the end of the reporting period[148] - The company has no current plans for share buybacks or other significant equity changes[146] Audit and Compliance - The audit opinion type is a standard unqualified opinion[197] - The audit report was signed on April 1, 2019[197] - The internal control audit report received a standard unqualified opinion from the auditing firm[193] Social Responsibility and Community Engagement - The company participated in targeted poverty alleviation efforts in Li Bai Village, including road construction projects that have been completed[136] - The company plans to expand and repair roads in Li Bai Village as part of its ongoing poverty alleviation initiatives[137]