Financial Performance - Total revenue for Q1 2019 reached ¥126,562,196.67, representing a 101.62% increase compared to ¥62,771,847.70 in the same period last year[8] - Net profit attributable to shareholders was ¥8,010,239.13, a significant turnaround from a loss of ¥4,567,921.81 in the previous year, marking a 275.36% increase[8] - Basic earnings per share improved to ¥0.0170 from a loss of ¥0.0097, reflecting a 275.26% increase[8] - The company reported a revenue of CNY 126,562,196.67 for the first quarter, a 101.62% increase compared to CNY 62,771,847.70 in the same period last year, driven by increased sales of raisins and the consolidation of the subsidiary Youxi United[16] - The company achieved a cash inflow from operating activities of CNY 143,135,111.80, an increase of 111.52% compared to CNY 67,669,405.69 in the same period last year[17] - The company reported a significant increase in sales revenue from services, amounting to ¥103,216,446.56, compared to ¥56,598,347.54 in the previous period[55] Cash Flow - The net cash flow from operating activities was ¥15,915,996.79, up by 2.89% from ¥15,468,806.94 in the prior year[8] - The cash flow from operating activities generated a net amount of ¥15,915,996.79, slightly up from ¥15,468,806.94 in the previous year[52] - The net cash increase for the first quarter was ¥102,541,408.83, compared to ¥6,851,725.58 in the previous period[54] - Operating cash inflow totaled ¥109,917,789.84, significantly up from ¥58,836,377.08 year-over-year[55] - The net cash flow from investment activities was ¥114,075,724.13, recovering from a negative ¥3,863,381.55 in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,412,188,767.71, a slight increase of 0.14% from ¥1,410,242,333.83 at the end of the previous year[8] - Total current assets amounted to 564.73 million yuan, an increase from 513.88 million yuan at the end of 2018[34] - The company's total liabilities decreased to ¥291,923,037.92 from ¥333,987,658.33, a reduction of approximately 12.6%[41] - Total liabilities decreased to 412.87 million yuan from 422.47 million yuan at the end of 2018[36] - The company's cash and cash equivalents increased to 113.98 million yuan from 11.44 million yuan at the end of 2018[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,371[12] - The largest shareholder, Xinjiang Shanglong Equity Investment Management Co., Ltd., held 21.35% of the shares, amounting to 100,500,000 shares[12] - The controlling shareholder Xinjiang Shanglong transferred 23.5848 million shares, accounting for 5.01% of the total share capital, to Ms. Chi Yuezheng[25] - Major shareholder Yang Jianwei plans to reduce his holdings by at least 23.54 million shares, which is no less than 5% of the total share capital[26] Operational Costs and Expenses - Operating costs for the period were CNY 85,846,710.79, up 46.83% from CNY 58,465,268.92 year-on-year, primarily due to increased sales volume and consolidation of Youxi United[16] - Research and development expenses reached CNY 4,942,027.46, a 100% increase from CNY 0.00 in the previous year, attributed to the consolidation of Youxi United[16] - The company reported a significant increase in sales expenses, which rose to ¥4,743,619.44 from ¥2,561,461.54, an increase of approximately 85.3%[43] - The financial expenses for the period were ¥2,590,365.87, significantly higher than ¥944,816.10 in the previous year[47] Strategic Developments - The subsidiary Youxi United signed a strategic cooperation agreement with China Mobile Internet of Things to develop multiple smart city projects nationwide[25] - The company has committed to a net profit of no less than CNY 30 million for 2019 from the acquisition of Youxi United, with future targets set at CNY 50 million for 2020 and CNY 80 million for 2021[24] Risks and Challenges - The company faces risks related to the cyclical nature of agricultural products, trade barriers in Southeast Asia, and slow domestic market expansion, which may impact future operations[22] Audit and Compliance - The company did not undergo an audit for the first quarter report[59] - The company did not apply new financial instrument standards or new revenue recognition standards for the first quarter[58]

Financial Performance - Total revenue for Q1 2019 reached ¥126,562,196.67, representing a 101.62% increase compared to ¥62,771,847.70 in the same period last year[8] - Net profit attributable to shareholders was ¥30,155,077.04, a significant turnaround from a loss of ¥4,567,921.81 in the previous year, marking a 760.15% increase[8] - The net profit after deducting non-recurring gains and losses was ¥7,875,299.41, compared to a loss of ¥4,672,449.81 in the same period last year, reflecting a 268.55% improvement[8] - Basic and diluted earnings per share were both ¥0.0641, a significant increase from a loss of ¥0.0097 per share in the same period last year, marking a 760.82% improvement[8] - The weighted average return on equity was 3.64%, up from -0.55% in the previous year, indicating a 4.19% increase[8] - The company's revenue for the reporting period was CNY 126,562,196.67, an increase of 101.62% compared to CNY 62,771,847.70 in the same period last year, primarily due to increased sales volume of raisins and the consolidation of the subsidiary Youxi United[16] - The net profit for the period was CNY 33,575,626.66, a turnaround from a net loss of CNY 4,567,921.81 in the same period last year[45] - The comprehensive income for the quarter was CNY 45,596,735.73, compared to a loss of CNY 31,090,625.80 in the same period last year[46] - The net profit for the first quarter of 2019 was CNY 25,883,417.92, compared to a net loss of CNY 1,753,735.92 in the same period last year, indicating a significant turnaround[49] Cash Flow and Assets - Operating cash flow for the period was ¥15,915,996.79, slightly up by 2.89% from ¥15,468,806.94 in the previous year[8] - Cash inflow from operating activities was CNY 143,135,111.80, an increase of 111.52% from CNY 67,669,405.69 year-on-year, mainly due to the recovery of receivables[17] - The company's cash and cash equivalents increased significantly to 113,977,126.59 yuan from 11,435,717.76 yuan, marking a growth of over 900%[34] - The ending balance of cash and cash equivalents was CNY 113,977,126.59, compared to CNY 93,754,821.08 at the end of the previous year[54] - The total cash inflow from investment activities was 127,664,679.55, significantly higher than 44,720.00 in the same period last year[57] - The net cash flow from investment activities was 114,075,724.13, compared to -3,863,381.55 in the previous year[57] - The total assets at the end of the reporting period were ¥1,412,188,767.71, a slight increase of 0.14% from ¥1,410,242,333.83 at the end of the previous year[8] - The company's current assets totaled 564,732,215.25 yuan, up from 513,875,830.33 yuan at the end of 2018, reflecting a growth of approximately 9.5%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,371, with the top ten shareholders holding a combined 75.58% of the shares[12] - The major shareholder Mr. Yang Jianwei plans to reduce his stake in the company by at least 23.54 million shares, which is no less than 5% of the total share capital[25] Strategic Initiatives and Risks - The company has established a strategic cooperation agreement with China Mobile Internet of Things for multiple smart city projects[24] - The company is transitioning to a dual business model of "agricultural products processing + data center," with ongoing efforts to enhance its capabilities in the data center sector[22] - The company faces risks related to agricultural market cyclicality, trade barriers in Southeast Asia, and slow domestic market expansion, which it aims to mitigate through strategic initiatives[21] - The company has committed to a net profit of no less than CNY 30 million for the year 2019 from its subsidiary Youxi United, with future targets set for 2020 and 2021[23] Operating Costs and Expenses - Operating costs for the reporting period were CNY 85,846,710.79, up 46.83% from CNY 58,465,268.92 year-on-year, mainly due to increased sales volume of raisins and the consolidation of Youxi United[16] - Research and development expenses for the quarter were CNY 4,942,027.46, reflecting the company's commitment to innovation[43] Compliance and Audit - The company reported no violations regarding external guarantees during the reporting period[28] - There were no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[29] - The company did not undergo an audit for the first quarter report[59] - The company has not applied new financial instrument standards or new revenue standards for the first time[59]

Financial Performance - The company reported a net profit of 30 million yuan for 2019, with a commitment to achieve a net profit of no less than 50 million yuan in 2020 and 80 million yuan in 2021 from its subsidiary, YouShi United[13]. - The company's operating revenue for 2018 was ¥349,024,223.73, a decrease of 8.12% compared to ¥379,864,991.06 in 2017[26]. - Net profit attributable to shareholders increased by 47.68% to ¥58,480,671.94 from ¥39,600,902.95 in the previous year[26]. - The net cash flow from operating activities was negative at -¥20,104,496.33, a decline of 116.79% from ¥119,771,035.28 in 2017[26]. - Basic and diluted earnings per share rose by 47.86% to ¥0.1242 from ¥0.084 in 2017[26]. - Total assets increased by 56.94% to ¥1,410,242,333.83 at the end of 2018, compared to ¥898,593,939.38 at the end of 2017[26]. - The company achieved operating revenue of CNY 349,024,223.73, a decrease of 8.12% compared to the previous year's CNY 379,864,991.06[44]. - The company reported a net profit of CNY 743.60 million from the Taiyuan data center project, contributing to the overall revenue[44]. - The company’s export revenue was CNY 237,384,607.32, representing 68.01% of total revenue, but decreased by 18.69% year-on-year[49]. - The cash dividend for 2018 represents 8.05% of the net profit attributable to ordinary shareholders, which is 58,480,671.94 yuan[94]. Business Strategy and Development - The company aims to transition from raw material suppliers to comprehensive suppliers of baking auxiliary materials, focusing on expanding new agricultural product categories and deepening cooperation with large baking enterprises[8]. - The company has set a strategic goal to strengthen market development in Southeast Asia, South Asia, and the Middle East, in response to trade barriers affecting its fresh fruit exports[7]. - The company is currently in the process of transforming its business model, which may be hindered by weak technological accumulation and changes in the financing environment[9]. - The company is transitioning from a single main business to a dual main business model, focusing on "agricultural product processing + data center"[86]. - The company aims to develop new products, particularly in the baking and pre-packaged food sectors, with a focus on walnuts and cranberries as key products[86]. - The company has adjusted its business structure to focus on domestic market opportunities while leveraging its experience in data center projects[86]. Investments and Acquisitions - The company has acquired YouShi United, which holds multiple licenses including IDC/ISP and has a wealth of experience in the data center industry, enhancing its dual business model of agricultural product processing and data center operations[9]. - The company acquired 51% of YouShi United for ¥209 million, which has been registered as a subsidiary[35]. - The company sold 9,046,951 shares of Yonghui Supermarket, generating an investment income of ¥41,914,100[36]. - The company confirmed an investment income of 30.9602 million RMB from risk investments, with a maximum investment limit of 50 million RMB[131]. - The company used 20.9 million RMB to acquire 51% of YouShi United, making it a subsidiary[132]. Risk Management - The company has established an independent futures department to manage the hedging of apple futures, implementing a comprehensive risk control mechanism[10]. - The company has implemented a risk investment management system to mitigate potential losses from risk investments, ensuring a diversified investment approach[12]. - The company is facing risks related to slow domestic market expansion and the need for continuous investment in brand establishment and consumer recognition[8]. Shareholder and Dividend Information - The company has committed to a cash dividend of 0.10 yuan per 10 shares (including tax) based on a base of 470,800,000 shares, with no bonus shares issued[13]. - The company distributed a cash dividend of RMB 0.1 per share, totaling RMB 4,708,000, based on a total share capital of 470,800,000 shares[90]. - The cash dividend accounted for 100% of the total profit distribution amount, reflecting the company's commitment to returning value to shareholders[91]. - The cash dividend for 2017 was also 4,708,000 yuan, accounting for 11.89% of the net profit attributable to ordinary shareholders of 39,600,902.95 yuan[94]. Operational Efficiency and Governance - The company has established a high-efficiency product quality inspection system and obtained multiple certifications, including HACCP and ISO22000[126]. - The company emphasizes the importance of corporate governance and internal control systems to enhance operational standards[126]. - The company has maintained a continuous relationship with its accounting firm for 9 years, with an audit fee of 900,000 RMB[107]. - The company has established a performance evaluation and incentive mechanism for senior management, ensuring accountability and effective management[182]. Market Conditions and Challenges - The company has taken measures to address the impact of market conditions on its financial performance[79]. - The company is actively seeking deep business cooperation with leading brands in the baking and snack sectors to enhance its risk resistance and sustainable profitability[85]. - The company has not proposed a cash dividend distribution plan despite having positive profits available for distribution to ordinary shareholders[95]. Employee and Community Engagement - The company provided 2 million RMB in financial aid to 20 impoverished students as part of its poverty alleviation efforts[128]. - The company invested 8.11 million RMB in support for impoverished disabled individuals[128]. - The company has implemented performance assessments to motivate employees and ensure workplace safety and health[127]. Financial Position and Assets - The total amount of financial assets at the end of the period was 120,488,138.41 CNY[76]. - The company reported a total investment of 209,000,000.00 CNY for the reporting period, representing a 100% increase compared to the previous year[71]. - The company has a deferred tax asset of CNY 4,807,792.26, which may indicate future tax benefits[200].

Financial Performance - Operating revenue for the reporting period was ¥86,294,979.98, a decrease of 39.40% year-on-year[7] - Net profit attributable to shareholders was ¥38,109,725.32, a significant increase of 673.64% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥400,240.72, down 92.28% year-on-year[7] - Basic earnings per share for the reporting period was ¥0.0809, an increase of 670.48% compared to the same period last year[7] - The weighted average return on net assets was 4.50%, an increase of 3.88% from the previous year[7] - The net profit for the year-to-date period was ¥45,703,559.94, down 10.95% compared to the same period last year[7] - Total operating revenue for the third quarter was ¥86,294,979.98, a decrease of 39.5% compared to ¥142,400,414.49 in the previous period[38] - Net profit for the quarter reached ¥38,109,725.32, significantly up from ¥4,926,023.79 in the previous year, marking a growth of 671.5%[40] - Total operating revenue for the current period was ¥241,360,879.11, a decrease of 19.0% compared to ¥297,918,776.47 in the previous period[47] - Net profit for the current period was ¥45,703,559.94, a decline of 10.0% from ¥51,323,025.75 in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥948,602,255.83, an increase of 5.57% compared to the end of the previous year[7] - The company's total assets were ¥987,943,281.03, slightly down from ¥989,049,534.42 at the end of the previous period[37] - The total liabilities of the company as of September 30, 2018, were RMB 195,288,884.12, up from RMB 70,030,307.30 at the beginning of the period[33] - Total liabilities increased to ¥248,869,311.62 from ¥171,209,580.87, reflecting a rise of 45.4%[37] - The owner's equity totaled ¥739,073,969.41, down from ¥817,839,953.55, indicating a decrease of 9.6%[37] Cash Flow - The company reported a net cash flow from operating activities of ¥11,978,984.27, a decrease of 90.89% year-to-date[7] - The net cash flow from operating activities for the period was ¥11,978,984.27, a significant decrease of 91% compared to ¥131,554,485.49 in the previous period[53] - Total cash inflow from operating activities was ¥250,005,654.58, down 27% from ¥342,311,113.07 year-over-year[53] - Cash outflow from operating activities increased to ¥238,026,670.31, compared to ¥210,756,627.58 in the previous period, marking a 13% rise[53] - The net cash flow from investing activities was -¥49,746,539.30, a decline from ¥116,355,150.23 in the previous period[55] - Cash inflow from investing activities totaled ¥83,258,389.22, down 41% from ¥140,788,879.29 year-over-year[55] - Cash outflow from investing activities surged to ¥133,004,928.52, compared to ¥24,433,729.06 in the previous period[55] - The net cash flow from financing activities was ¥143,036,633.67, a recovery from -¥321,863,205.33 in the previous period[59] - Cash inflow from financing activities was ¥149,000,000.00, with no previous inflow recorded[59] - The ending balance of cash and cash equivalents increased to ¥193,214,294.93, compared to ¥113,918,039.50 in the previous period[56] - The company reported a net increase in cash and cash equivalents of ¥106,311,199.43, contrasting with a decrease of -¥74,862,109.74 in the previous period[55] Investments and Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,230[11] - The largest shareholder, Xinjiang Shanglong Equity Investment Management Co., Ltd., held 22.46% of the shares, totaling 105,745,600 shares[11] - The company sold 7,427,451 shares of Yonghui Supermarket, generating an investment income of RMB 35.68 million during the reporting period[19] - The company plans to invest RMB 24 million in Shanghai Dongfang Jiema Gene Biotechnology Co., Ltd., acquiring a 10.48% stake, with the investment completed during the reporting period[19] - The company signed an agreement to transfer 30% of its stake in Fuping Yonghui Modern Agriculture Development Co., Ltd. to Yonghui Supermarket for RMB 10.03 million, with the registration process ongoing[20] - The company has implemented a complete profit distribution policy, ensuring the interests of all shareholders are protected[23] - The company reported a cash dividend distribution of RMB 0.1 per 10 shares, totaling RMB 4,708,000.00 for the 2017 fiscal year[23] Other Financial Metrics - The company's cash and cash equivalents at the end of the reporting period amounted to RMB 193,214,294.93, an increase of 122.33% compared to the beginning of the period, primarily due to bank loans obtained during the period[15] - The balance of prepayments at the end of the reporting period was RMB 27,374,041.62, an increase of 506.97% compared to the beginning of the period, mainly due to increased prepayments for raw material purchases[15] - The company's short-term borrowings at the end of the reporting period were RMB 149,000,000.00, which doubled (100% increase) compared to the beginning of the period, attributed to new bank loans[15] - The company's other receivables increased by 99.16% to RMB 1,350,411.57, mainly due to an increase in personal petty cash during the reporting period[15] - The company's total investment cash outflow was RMB 133,004,928.52, an increase of 444.35% compared to the same period last year, primarily due to payments made for the investment in Dongfang Jiema[17] - The company's deferred income tax liabilities decreased by 63.04% to RMB 10,124,279.90, mainly due to the decline in the fair value of external investments and the sale of Yonghui Supermarket shares[16] - The company's other comprehensive income decreased by 178.28% to RMB -181,450,437.47, primarily due to the decline in the fair value of external investments and the sale of Yonghui Supermarket shares[16]

Financial Performance - Total revenue for the first half of 2018 was ¥155,065,899.13, a decrease of 0.29% compared to ¥155,518,361.98 in the same period last year[16]. - Net profit attributable to shareholders was ¥7,593,834.62, down 83.63% from ¥46,397,001.96 year-on-year[16]. - Basic earnings per share decreased to ¥0.0161, down 83.65% from ¥0.0985 in the same period last year[16]. - The company reported a significant drop in net profit due to various operational challenges and market conditions[16]. - The company reported a significant decrease in long-term equity investments, which fell by 5.70% to -¥23,776,597.05, reflecting a shift in investment strategy[38]. - The company reported a significant drop in investment income, which fell to CNY 9,203,458.32 from CNY 65,964,715.23, a decrease of approximately 86.0%[115]. - The total profit for the first half of 2018 was CNY 12,828,908.32, down from CNY 66,827,465.41, a decrease of approximately 80.8%[115]. - The company experienced a significant increase in financial expenses, which turned from a gain of CNY -1,872,335.92 to a cost of CNY 3,204,389.77 year-over-year[115]. - The comprehensive income total for the first half of 2018 was CNY -63,829,800.07, compared to CNY 9,705,301.12 in the previous year, indicating a significant decline[116]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥9,926,571.45, a decline of 83.01% compared to ¥58,427,378.86 in the previous year[16]. - Cash and cash equivalents decreased by 61.70% to ¥33,280,640.08, primarily due to payments for investments[25]. - Total cash inflow from operating activities was 154,812,535.01 CNY, while cash outflow was 144,885,963.56 CNY, resulting in a net inflow of 9,926,571.45 CNY[123]. - Cash flow from investment activities showed a net outflow of 113,689,854.12 CNY, significantly lower than the previous period's inflow of 123,631,393.84 CNY[124]. - The ending balance of cash and cash equivalents was 33,280,640.08 CNY, down from 86,903,095.50 CNY at the beginning of the period[124]. Assets and Liabilities - Total assets at the end of the reporting period were ¥864,821,558.39, a decrease of 3.76% from ¥898,593,939.38 at the end of the previous year[16]. - Current liabilities increased significantly from CNY 42,634,446.35 to CNY 80,848,403.53, representing an increase of about 89.5%[107]. - Total liabilities rose from CNY 70,030,307.30 to CNY 100,087,726.38, marking an increase of around 42.9%[107]. - Owner's equity decreased from CNY 828,563,632.08 to CNY 764,733,832.01, a decline of about 7.7%[108]. - The total non-current assets increased from CNY 534,366,637.16 to CNY 566,940,558.42, an increase of approximately 6.1%[106]. Business Operations and Strategy - The company is currently undergoing a transformation towards a dual business model of "agricultural product processing + data center," with progress being slow due to technical and team-building challenges[54]. - The company aims to expand its product offerings by transitioning from raw material suppliers to comprehensive suppliers for baking ingredients, enhancing collaboration with major baking enterprises[54]. - The company has obtained two value-added telecommunications business licenses to expand its data center operations in multiple regions[30]. - The company has established an independent futures department to manage the volatile apple futures hedging business, implementing a comprehensive risk control mechanism[55]. Risks and Challenges - The company faced risks including cyclical risks in the agricultural market and slow transformation progress[4]. - The company faces risks related to the cyclical nature of agricultural products, trade barriers in Southeast Asia, and increased competition in the international market for raisins[54]. - The company has developed a risk investment management system to mitigate the risk of investment returns falling short of expectations, including diversifying investment targets and controlling investment scale[55]. Shareholder Information - The total number of shares outstanding is 470,800,000, with 98.05% being unrestricted shares[89]. - The largest shareholder, Xinjiang Shanglong Equity Investment Management Co., Ltd., holds 105,745,600 shares, representing 22.46% of total shares[92]. - The total number of common shareholders at the end of the reporting period is 30,311[91]. Compliance and Governance - The financial report for the first half of 2018 has not been audited[103]. - The financial statements were approved by the board of directors on August 22, 2018, indicating compliance with regulatory requirements[143]. - The company has not engaged in any significant related party transactions during the reporting period[67]. Social Responsibility - The company has provided RMB 1 million in funding to support 10 impoverished students as part of its educational poverty alleviation efforts[82]. - The company has invested RMB 7.7 million to assist impoverished disabled individuals, although the number of beneficiaries is not specified[82].

Financial Performance - The company's operating revenue for 2017 was ¥379,864,991.06, a decrease of 35.55% compared to ¥589,371,947.66 in 2016[19]. - Net profit attributable to shareholders increased by 39.82% to ¥39,600,902.95 from ¥28,323,740.49 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was -¥22,245,573.67, a decline of 354.14% compared to ¥8,753,228.97 in 2016[19]. - The net cash flow from operating activities decreased by 69.46% to ¥119,771,035.28 from ¥392,216,478.91 in 2016[19]. - Basic earnings per share rose by 40.00% to ¥0.084 from ¥0.060 in 2016[19]. - Total assets at the end of 2017 were ¥898,593,939.38, down 25.17% from ¥1,200,870,417.01 at the end of 2016[19]. - The company's total liabilities decreased significantly, leading to a net asset increase of 3.77% to ¥828,563,632.08 from ¥798,465,786.06 in 2016[19]. - The total operating revenue for Langyuan Co., Ltd. in 2017 was RMB 379,864,991.06, reflecting the company's performance in the fiscal year[167]. - The total operating costs for the current period amount to CNY 398,084,306.90, down from CNY 567,609,149.09 in the previous period[184]. - The net profit attributable to the parent company is CNY 39,600,902.95, compared to CNY 28,323,740.49 in the previous period, reflecting an increase[185]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.10 RMB per 10 shares based on a total of 470,800,000 shares[9]. - The company plans to distribute a cash dividend of 0.10 CNY per 10 shares, totaling 4,708,000.00 CNY for the year 2017[81]. - The cash dividend represents 100% of the total profit distribution amount for the year[81]. - In 2017, the cash dividend accounted for 11.89% of the net profit attributable to ordinary shareholders, which was 39,600,902.95 CNY[84]. - The cash dividend for 2016 was also 4,708,000.00 CNY, representing 16.62% of the net profit of 28,323,740.49 CNY[84]. - The cash dividend for 2015 was 4,708,000.00 CNY, which was 13.24% of the net profit of 35,565,372.33 CNY[84]. - The company has adhered to its cash dividend policy and has provided opportunities for minority shareholders to express their opinions[79]. - The company has not proposed any changes to its cash dividend policy during the reporting period[87]. - The company has complied with all relevant regulations regarding the profit distribution plan and capital reserve transfer[79]. - The company has maintained a consistent cash dividend distribution strategy over the past three years[82]. Market and Business Strategy - The company aims to transition from agricultural product processing to a dual business model of "agricultural product processing + data center," with the Taiyuan data center project already operational[7]. - The company is focusing on expanding its domestic market presence and developing new product categories to enhance competitiveness[7]. - The company is actively developing products that align with domestic consumer preferences to strengthen its market position[7]. - The company is enhancing collaboration with large baking enterprises to transition from raw material suppliers to comprehensive suppliers of baking ingredients[7]. - The company has established an independent futures department to manage the risks associated with apple futures trading[8]. - The company has successfully developed new main product varieties, including pine nuts and raisins, primarily for export markets[29]. - The company plans to accelerate the development of the domestic market and explore opportunities in the rapidly expanding baking market and new retail consumption upgrades[75]. - The company is transitioning from a single main business to a dual main business model, focusing on both agricultural product processing and data center operations[75]. Operational Developments - The company has established a 70,000-ton cold chain storage facility and advanced dry-fresh cold chain sharing technology to mitigate the cyclical impact of agricultural products[6]. - The data center project by the wholly-owned subsidiary has been delivered and is operational, contributing to the company's diversification strategy[30]. - The company has obtained IDC/ISP licenses, laying the foundation for independent data center operations[7]. - The company has obtained two value-added telecommunications business operation licenses, expanding its service capabilities in the data center sector[30]. - The company plans to apply for additional telecommunications licenses in various regions, including Guangdong and Chongqing[39]. - The company actively participated in the listing of apple futures on the Zhengzhou Commodity Exchange, becoming a designated delivery warehouse[39]. Risk Management - The company is facing risks from unstable trade policies in key export markets like Indonesia, which have increased logistics and inspection costs[7]. - The company acknowledges the slow progress in its transformation efforts due to weak technical accumulation and team building[7]. Shareholder and Governance - The largest shareholder, Qian Daguan, holds a total of 28.96% of the company's shares, with 22.46%, 3.90%, and 2.60% from three entities under his control[124]. - The top ten unrestricted shareholders include Xinjiang Shanglong Equity Investment Management Co., holding 105,745,600 shares, and Yang Jianwei, holding 71,800,000 shares[125]. - The company has a total of 10 independent directors and supervisors, ensuring a diverse governance structure[139]. - The board of directors consists of 6 members, including 3 independent directors, complying with legal and regulatory requirements[147]. - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[148]. - The company has maintained stability in its board composition, with all current members serving their terms without significant changes[136]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with all shareholders[148]. Compliance and Legal Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[93]. - There were no penalties or rectification situations reported during the period[94]. - The company has not engaged in any related party transactions during the reporting period[96]. - The company has no significant contracts or leasing matters to report for the period[102]. - The company has adhered to legal regulations and guidelines to ensure proper governance and independent operation from its controlling shareholders[146]. Employee and Management - The company employed a total of 360 staff, with 246 in production, 39 in sales, 25 in technical roles, 16 in finance, and 34 in administration[141]. - The company has established a differentiated compensation policy to enhance competitiveness in the industry and region, focusing on performance-based incentives[142]. - The company has implemented a comprehensive training program that includes onboarding, job-specific training, and safety education[143]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 1.749 million[139]. Audit and Internal Control - The audit opinion for the financial statements was a standard unqualified opinion, indicating that the financial statements fairly represent the company's financial position[165]. - The company has established internal control standards to evaluate deficiencies based on revenue and asset totals[159]. - The supervisory board found no significant risks during its oversight activities in the reporting period[156]. - The company has not identified any major internal control deficiencies during the reporting period[158].

Financial Performance - Total revenue for Q1 2018 was ¥62,771,847.70, a decrease of 9.80% compared to ¥69,588,750.29 in the same period last year[8] - Net profit attributable to shareholders was -¥4,567,921.81, representing a decline of 107.97% from ¥57,284,501.24 year-on-year[8] - Basic and diluted earnings per share were both -¥0.0097, down 107.97% from ¥0.1217 in the same period last year[8] - The company's operating revenue for the reporting period was RMB 62,771,847.70, a decrease of 9.80% compared to RMB 69,588,750.29 in the same period last year[22] - Fresh fruit business revenue was RMB 20,596,080.83, down 43.69% year-on-year, while dried fruit business revenue increased by 57.70% to RMB 14,673,904.15, and nut business revenue rose by 15.53% to RMB 21,821,140.86[22] - The operating profit was reported at a loss of CNY 4,320,549.81, compared to a profit of CNY 77,700,977.47 in the same period last year[43] - The total comprehensive income for the quarter was CNY -31,090,625.80, compared to CNY 81,690,704.91 in the prior period[44] - Other comprehensive income after tax was CNY -26,522,703.99, compared to CNY 24,406,203.67 in the same period last year[44] Cash Flow - Net cash flow from operating activities decreased by 62.82% to ¥15,468,806.94 from ¥41,600,921.72 in the previous year[8] - The company's cash inflow from operating activities was RMB 67,669,405.69, a decrease of 49.99% from RMB 135,322,328.71 in the previous year[20] - Operating cash inflow totaled ¥67,669,405.69, down 50% from ¥135,322,328.71 in the previous period[50] - Total cash inflow from operating activities was ¥58,836,377.08, down from ¥144,379,608.86 in the previous period[53] - Cash outflow from financing activities totaled ¥311,971,581.40, with no cash inflow reported[51] - The net increase in cash and cash equivalents was ¥6,851,725.58, compared to a decrease of ¥136,500,899.09 in the previous period[51] - The ending balance of cash and cash equivalents was ¥93,754,821.08, up from ¥52,279,250.15 last year[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥853,257,917.52, a decrease of 5.05% from ¥898,593,939.38 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 5.40% to ¥783,821,526.64 from ¥828,563,632.08 at the end of the previous year[8] - The company's current assets totaled CNY 360,023,599.87, down from CNY 364,227,302.22, indicating a decrease of about 1.17%[34] - Total liabilities were CNY 69,436,390.88, a slight decrease from CNY 70,030,307.30, reflecting a decline of about 0.85%[36] - Total equity decreased to CNY 789,563,513.64 from CNY 817,839,953.55 year-over-year[43] Investment and Subsidies - The company reported a government subsidy of ¥351,900.00 during the reporting period[9] - Investment income for the reporting period was -RMB 422,615.91, a decrease of 100.64% compared to RMB 65,614,628.88 in the previous year, primarily due to no investment income during the period[20] - The company has initiated a commodity futures hedging business with a maximum investment of RMB 50 million using idle funds[24] - The company has also agreed to participate in securities lending transactions involving up to 14 million shares of Yonghui Superstores Co., Ltd.[24] Risks and Challenges - The company is facing risks related to the cyclical nature of agricultural products and trade barriers in Southeast Asia, particularly Indonesia[11] - The company aims to transition to a dual business model of "agricultural product processing + data center" but is experiencing slow progress due to technical and team-building challenges[11] - The company has established an independent futures department to manage the risks associated with apple futures trading[12] Procurement and Sales - The total procurement amount from the top five suppliers was RMB 16,851,732.78, accounting for 18.77% of the total procurement during the reporting period[23] - The total sales amount from the top five customers was RMB 24,406,949.01, representing 40.64% of the total sales during the reporting period[23] Taxation - Tax and additional charges for the reporting period were RMB 427,420.81, a decrease of 52.76% from RMB 904,851.49 in the same period last year, mainly due to reduced VAT payments[20]

Financial Performance - Operating revenue for the reporting period was CNY 142,400,414.49, down 8.93% year-on-year, and CNY 297,918,776.47 for the year-to-date, down 34.69%[7] - Net profit attributable to shareholders was CNY 4,926,023.79, a decrease of 68.66% year-on-year, while year-to-date net profit was CNY 51,323,025.75, an increase of 64.23%[7] - Basic earnings per share for the reporting period were CNY 0.0105, down 68.18% year-on-year, and diluted earnings per share were also CNY 0.0105[7] - The weighted average return on net assets was 0.62%, a decrease of 64.16% year-on-year, while year-to-date it was 6.23%, an increase of 82.70%[7] - The company's operating revenue for the reporting period was ¥297,918,776.47, a decrease of 34.69% year-on-year, mainly due to a decline in export sales[17] - The company's operating costs for the reporting period were ¥267,671,493.66, a decrease of 31.41% year-on-year, attributed to reduced revenue[17] - The company's investment income for the reporting period was ¥65,120,310.49, an increase of 2,234.59% year-on-year, primarily due to the sale of shares in Yonghui Supermarket[17] - The company's total operating revenue for the third quarter was CNY 142,400,414.49, a decrease from CNY 156,370,801.64 in the previous period[36] - The company's total operating revenue for the third quarter was 92,342,919.71 yuan, an increase from 73,073,396.33 yuan in the previous year, representing a growth of approximately 26.5%[40] - The net profit for the third quarter was 4,926,023.79 yuan, a significant decrease from 20,396,001.02 yuan in the previous year, reflecting a decline of approximately 75.8%[38] - The total profit for the third quarter was 5,040,524.75 yuan, down from 25,506,460.75 yuan year-over-year, marking a decrease of around 80.2%[38] - The total operating costs for the year-to-date period were 307,050,933.39 yuan, down from 431,179,453.39 yuan in the previous year, representing a decrease of about 28.8%[43] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 131,554,485.49, down 67.17%[7] - The company's cash and cash equivalents at the end of the reporting period were ¥113,918,039.50, a decrease of 39.66% compared to the beginning of the period, primarily due to loan repayments[15] - The company's cash inflow from operating activities was ¥342,311,113.07, a decrease of 49.41% year-on-year, mainly due to reduced sales[18] - The company's cash inflow from investing activities was ¥140,788,879.29, an increase of 226.04% year-on-year, primarily due to the sale of shares in Yonghui Supermarket[19] - The company's cash outflow from investing activities was ¥24,433,729.06, a decrease of 91.88% year-on-year, mainly due to reduced asset purchases[19] - The company's inventory at the end of the reporting period was ¥153,981,097.89, a decrease of 46.97% compared to the beginning of the period, mainly due to sales of inventory[15] - The company's cash flow from sales of goods and services was ¥208,793,852.30, down from ¥355,986,194.50 in the previous period, reflecting a decline in revenue generation[54] - The ending balance of cash and cash equivalents was ¥109,715,813.32, an increase from ¥50,850,907.23 in the previous period[55] - The company’s cash and cash equivalents decreased by ¥26,887,553.38 during the quarter, compared to a decrease of ¥66,011,834.24 in the previous period[55] Shareholder Information - The top ten shareholders collectively held 28.96% of the company's shares, with Xinjiang Shanglong holding 22.46% and Yang Jianwei holding 15.25%[11][12] - There were no repurchase transactions conducted by the top ten shareholders during the reporting period[12] Comprehensive Income and Expenses - Non-recurring gains and losses totaled CNY 63,949,660.54 for the year-to-date, after accounting for tax effects[8] - The company did not have any non-recurring gains and losses classified as recurring during the reporting period[9] - The company's other comprehensive income at the end of the reporting period was -¥122,409,715.28, a decrease of 102.63% compared to the beginning of the period, primarily due to declines in the fair value of external investments and the sale of Yonghui Supermarket shares[16] - The total comprehensive income for the third quarter was -20,382,806.71 yuan, compared to -10,919,157.00 yuan in the same period last year, indicating a worsening of approximately 86.1%[38] - The company incurred financial expenses of 471,016.67 yuan in the third quarter, compared to a negative financial expense of -144,057.94 yuan in the previous year, reflecting a significant change in financial performance[41] - The tax expenses for the third quarter were 114,500.96 yuan, a decrease from 5,110,459.73 yuan in the previous year, reflecting a decline of approximately 97.8%[38] Liabilities and Equity - Current liabilities reduced significantly to CNY 42,072,214.67 from CNY 380,791,717.12[30] - Non-current liabilities decreased to CNY 19,512,455.25 from CNY 21,612,913.83[30] - The total equity attributable to shareholders was CNY 783,080,323.08, slightly down from CNY 798,465,786.06[31]

Financial Performance - Total revenue for the first half of 2017 was ¥155,518,361.98, a decrease of 48.12% compared to ¥299,793,724.31 in the same period last year[17]. - Net profit attributable to shareholders was ¥46,397,001.96, representing a significant increase of 198.66% from ¥15,535,114.20 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was -¥17,811,607.99, a decline of 220.51% compared to ¥14,780,669.24 in the same period last year[17]. - Basic earnings per share increased to ¥0.0985, up 198.48% from ¥0.033 in the same period last year[17]. - The company achieved operating revenue of ¥155,518,361.98, a decrease of 48.12% compared to the same period last year, which was ¥299,793,724.31[31]. - Operating costs were ¥141,704,139.51, down 44.18% from ¥253,868,160.00 in the previous year[33]. - The company reported a significant increase in income tax expenses, rising by 167,948.23% to ¥20,430,463.45 due to taxable income from stock sales and demolition compensation[33]. - The company recorded a profit from the sale of Yonghui Supermarket shares amounting to approximately ¥66,990,000, contributing 98.71% to total profit[34]. - Investment income amounted to ¥65,964,715.23, accounting for 98.71% of total profit, primarily from the sale of Yonghui Supermarket shares[35]. - The company’s total profit for the first half of 2017 was CNY 66,827,465.41, compared to CNY 23,082,276.99 in the previous year, reflecting an increase of about 189%[116]. Cash Flow and Liquidity - Operating cash flow net amount was ¥58,427,378.86, down 81.75% from ¥320,123,778.11 in the previous year[17]. - Cash flow from operating activities decreased by 81.75% to ¥58,427,378.86, reflecting reduced revenue[33]. - Cash equivalents are defined as investments that are short-term (maturing within three months), highly liquid, easily convertible to known amounts of cash, and have minimal risk of value changes[169]. - Cash outflow from investing activities was ¥16,246,905.45, significantly reduced from ¥178,879,054.08 in the previous period[128]. - Cash flow from financing activities showed a net outflow of -¥316,790,705.19, compared to -¥198,786,889.63 in the previous period[128]. - The ending balance of cash and cash equivalents was ¥51,545,366.23, up from ¥22,686,656.39 last year[128]. - The company’s cash flow management strategies are expected to focus on improving liquidity and reducing debt levels in the upcoming quarters[119]. Assets and Liabilities - Total assets decreased by 27.49% to ¥870,795,376.41 from ¥1,200,870,417.01 at the end of the previous year[17]. - The company’s cash and cash equivalents decreased by 12.34% to a net increase of -¥134,943,094.83[33]. - The company’s fixed assets increased by 27.67% to ¥269,251,544.88 due to the completion of the Taiyuan data center project[26]. - The company reported a significant impairment loss of ¥6,626,964.01 on accounts receivable, accounting for 9.92% of total profit[35]. - The company’s long-term equity investments decreased to ¥25,685,223.05, representing 2.95% of total assets, down from 15.39% in the previous year[38]. - The company’s total liabilities decreased from CNY 104,508,119.73 to CNY 67,332,246.62, a decline of about 83.3%[108]. - Current assets decreased from CNY 592,032,506.30 to CNY 384,029,439.33, a reduction of about 35.2%[107]. - The total equity of the company was CNY 807,409,941.15, slightly up from CNY 801,394,087.17, indicating a growth of about 0.7%[116]. Risks and Challenges - The company faces risks including cyclical risks in the agricultural products market and trade barriers, which are discussed in detail in the report[3]. - The company reported a significant reliance on the seasonal and cyclical nature of agricultural products, which can lead to price volatility affecting stable operations[54]. - The company is facing risks related to trade barriers, particularly in Indonesia, which has unstable import policies affecting fresh fruit exports[54]. - The company is enhancing its domestic market development efforts due to declining international demand and a challenging competitive environment[54]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[64]. - The company has maintained a good integrity status, with no significant debts or court judgments unmet during the reporting period[66]. - The company has not engaged in any related party transactions during the reporting period[68]. - The company has a commitment to transparency and compliance with the disclosure regulations set by the China Securities Regulatory Commission[148]. - The financial statements have been prepared based on the going concern principle, indicating the company has the ability to continue operations for at least 12 months from the reporting date[149]. Shareholder Information - The total number of shares outstanding is 470,800,000, with 98.05% being unrestricted shares[87]. - The major shareholder, Yang Jianwei, reduced his holdings by 10 million shares, accounting for 2.1240% of the total share capital[84]. - The largest shareholder, Xinjiang Shanglong Equity Investment Management Co., holds 22.46% of shares, totaling 105,745,600 shares[90]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the reporting period[86]. - The total number of shareholders at the end of the reporting period is 38,060[89]. Operational Developments - The company successfully constructed a data center in Taiyuan, providing 1,400 cabinet leasing services, which is now operational[25]. - The company is transitioning to a dual business model of "agricultural product processing + data center," with the Taiyuan data center project progressing and operational[54]. - The company has established two new subsidiaries, Longkou Weizhen Trading Co., Ltd. and Shanghai Dengying Information Technology Co., Ltd., with no impact on current operations[51].

Financial Performance - Total revenue for Q1 2017 was ¥69,588,750.29, a decrease of 57.87% compared to ¥165,163,786.30 in the same period last year[7] - Net profit attributable to shareholders was ¥57,284,501.24, an increase of 1,040.12% from ¥5,024,415.77 year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,376,000.84, a decline of 213.87% compared to ¥4,721,239.67 in the previous year[7] - Basic earnings per share increased to ¥0.1217, up 1,037.38% from ¥0.0107 year-on-year[7] - The company reported a total comprehensive income of CNY 81,690,704.91 for Q1 2017, compared to a loss of CNY 19,502,315.70 in the previous year[42] - The net profit for the first quarter of 2017 was CNY 58,779,654.81, a significant increase compared to CNY 7,189,886.36 in the same period last year, representing a growth of approximately 717.5%[45] - The total profit for the first quarter reached CNY 79,673,204.79, compared to CNY 7,189,886.36 in the previous year, indicating a year-over-year increase of about 1,008.5%[45] - The basic and diluted earnings per share were both CNY 0.1249, up from CNY 0.0153 in the same quarter of the previous year, reflecting an increase of approximately 717.5%[46] Cash Flow and Liquidity - Net cash flow from operating activities was ¥41,600,921.72, down 77.98% from ¥188,938,182.63 in the same period last year[7] - Cash inflow from operating activities was ¥135,322,328.71, down 54.02% from ¥294,290,675.89 year-on-year, mainly due to decreased sales revenue[17] - Cash and cash equivalents at the end of the period were CNY 52,279,250.15, a decrease from CNY 260,415,265.17 at the end of the previous year, representing a decline of approximately 80.0%[50] - The company reported cash inflows from operating activities totaling CNY 135,322,328.71, compared to CNY 294,290,675.89 in the previous year, indicating a decrease of about 54.0%[48] - The company experienced a net decrease in cash and cash equivalents of -87,462,697.51 CNY during the quarter[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥872,799,363.90, a decrease of 27.32% from ¥1,200,870,417.01 at the end of the previous year[7] - The company's total liabilities decreased to CNY 70,617,810.60 from CNY 402,404,630.95, a significant reduction of approximately 82.5%[34] - The company's equity attributable to shareholders increased slightly to CNY 802,181,553.30 from CNY 798,465,786.06, showing a marginal increase of about 0.3%[35] - Total assets decreased to CNY 922,324,235.47 from CNY 1,227,716,353.63 year-over-year[38] - Total liabilities decreased to CNY 102,583,031.31 from CNY 426,322,266.46 year-over-year[38] - The company’s equity increased to CNY 819,741,204.16 from CNY 801,394,087.17 year-over-year[38] Operational Highlights - The company is facing risks related to the cyclical nature of agricultural products and trade barriers in Southeast Asia, particularly in Indonesia[10] - The company is transitioning to a dual business model of "agricultural product processing + data center," with ongoing projects to enhance technical capabilities[10] - Operating costs for the quarter were ¥64,651,879.00, down 52.94% from ¥137,386,730.43 year-on-year, reflecting a decrease in sales[16] - The company recorded operating income of ¥16,584,123.40, a substantial increase of 4,594.49% compared to ¥353,267.54 in the previous year, primarily due to confirmed demolition compensation[17] - The company reported a significant increase in tax and additional charges, totaling ¥904,851.49, which is up 264.09% from ¥248,523.19 in the previous year, mainly due to increased VAT payments[16] Investment Activities - Cash inflow from investment activities increased by 252,175.24% to ¥138,069,205.88 from ¥54,729.59 in the previous year, due to the sale of Yonghui Supermarket shares[17] - The company has invested 142.45 million CNY in the 25,500-ton raisin processing project, with 98.65% of the planned investment completed[25] - The company has utilized 47.20 million CNY of raised funds to repay bank loans, achieving 100% of the planned amount[25] - The company has invested 28.77 million CNY in establishing Langyuan Industrial (Shanghai) Co., Ltd., with 100.28% of the planned investment completed[25] - The company has invested 57.68 million CNY in the 8,600-ton dried fruit expansion project, achieving 100.01% of the planned investment[25] Shareholder Information - The company has a total of 17,623 common shareholders at the end of the reporting period[11] - The company proposed a cash dividend of CNY 0.1 per 10 shares, totaling CNY 4,708,000.00 for the year 2016, based on a total share capital of 470,800,000 shares[27] - There were no significant changes in profit distribution policies during the reporting period[28] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[29]