Financial Performance - The company's operating revenue for 2019 was ¥581,709,780.60, representing a 66.67% increase compared to ¥349,024,223.73 in 2018[17]. - The net profit attributable to shareholders decreased by 41.13% to ¥34,425,426.76 from ¥58,480,671.94 in the previous year[17]. - Basic earnings per share dropped by 41.67% to ¥0.07 from ¥0.12 in 2018[17]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which fell by 39.40% to ¥1,637,604.19 from ¥2,702,294.11 in 2018[17]. - The weighted average return on net assets decreased to 4.15% from 6.82% in the previous year, reflecting a decline of 2.67%[17]. - The company achieved a net profit of ¥2.63 million after deducting non-recurring gains and losses, with total revenue from the data center business reaching ¥20,645.95 million[37]. - The company reported a total of ¥2,181,165.21 in investment income, contributing 5.17% to total profit, while asset impairment losses amounted to -¥23,450,236.05, representing -55.54% of total profit[57]. - The actual net profit for 2019 was 26,300 RMB, significantly below the performance commitment of 30 million RMB, resulting in a goodwill impairment provision of 23.12 million RMB[94][93]. - The total profit decreased from 44,592,481.27 CNY to 15,066,030.72 CNY, reflecting a decline of 29,526,450.55 CNY[106]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥24,056,961.46, compared to a negative cash flow of ¥20,104,496.33 in 2018, marking a 219.66% change[17]. - Operating cash inflow totaled ¥590,269,302.90, a 70.67% increase from ¥345,849,192.18 in 2018, while cash outflow rose by 54.72% to ¥566,212,341.44[54]. - Investment cash inflow increased by 7.58% to ¥156,591,501.83, while cash outflow decreased by 67.11% to ¥113,036,655.16, indicating reduced external investments[54]. - Financing cash inflow rose by 33.01% to ¥198,190,000.00, while cash outflow surged by 2,977.67% to ¥216,570,166.09, primarily due to loan repayments[55]. - The company sold shares of Yonghui Supermarket for ¥45,964,679.5, with no impact on net profit[72]. - The company invested ¥50 million in Heilongjiang Fengyou, acquiring a 3.33% stake, subject to adjustments based on the final funding amounts[37]. Assets and Liabilities - Total assets increased by 7.23% to ¥1,512,261,202.60 at the end of 2019, up from ¥1,410,242,333.83 in 2018[17]. - The net assets attributable to shareholders rose by 2.70% to ¥835,192,697.53 from ¥813,264,437.29 in the previous year[17]. - Cash and cash equivalents amounted to ¥70,886,338.91, representing a 4.69% increase compared to the previous period[60]. - Accounts receivable reached ¥244,769,866.8, showing a 16.19% increase from ¥140,164,048.84[60]. - Inventory stood at ¥217,243,109.0, reflecting a 14.37% increase from ¥187,923,199.15[60]. - Fixed assets increased to ¥467,984,561.0, a rise of 30.95% from ¥344,939,290.03[60]. - Short-term borrowings were reported at ¥193,449,548.8, up by 12.79% from ¥149,223,898.13[60]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.1 per 10 shares, based on a total of 470,800,000 shares[5]. - The cash dividend distribution accounted for 13.68% of the net profit attributable to the company's ordinary shareholders, which was RMB 34,425,426.76 for the year 2019[88]. - The company maintained a consistent cash dividend policy over the past three years, with each year distributing RMB 4,708,000.00 in cash dividends[86]. - The cash dividend total, including other methods, was 100% of the profit distribution total for the year[85]. Business Operations and Market Performance - The company’s agricultural product processing business showed significant improvement, driven by a recovering market environment and increased consumer demand for high-quality snacks and baked goods[28]. - The company has established itself as a supplier for well-known snack brands and leading companies in the domestic baking industry, leveraging its reputation for product quality and safety[27]. - The company is focusing on developing a comprehensive solution for the data center ecosystem, integrating cloud computing and IoT resources to meet the demands of the 5G era[31]. - The company’s data center business has achieved an approximately 80% rack utilization rate, indicating rapid growth in this segment[28]. - The service industry contributed ¥241,089,660.09 to total revenue, marking a significant increase of 1,039.66% compared to the previous year[40]. - The company’s dried fruit segment saw a revenue increase of 32.23%, reaching ¥142,097,229.09, while the fresh fruit segment experienced a decline of 11.85%[40]. - The company’s revenue from the East China region surged by 244.23%, reaching ¥68,783,947.91, indicating strong market expansion efforts[40]. Risk Management and Compliance - The company faces risks related to the cyclical nature of agricultural markets, which can lead to price volatility[78]. - The company has implemented a risk control mechanism for its futures trading operations to mitigate potential losses[79]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and has resumed full production[80]. - The company has established a robust internal control system to enhance operational standards and management capabilities[130]. - The company has a dedicated audit committee to oversee internal and external audits, ensuring the integrity of financial information[178]. Governance and Management - The company has established a new subsidiary, Yantai Pinqiu Food Co., Ltd., on November 5, 2019[108]. - The company’s board appointed Zhang Tao as the new general manager following the resignation of the previous general manager, Qiyongmao[137]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.3667 million yuan[167]. - The company has a structured process for determining the remuneration of its directors and senior management based on the company's profitability and individual performance[167]. - The independent directors include Zhang Dongming, Liang Kun, and Peng Jianyun, who have extensive backgrounds in their respective fields[164]. Audit and Financial Reporting - The audit report raised concerns regarding the adequacy of audit evidence for certain receivables totaling CNY 132.69 million[194]. - The audit identified key audit matters, including the recognition of revenue from agricultural products, which is a significant performance indicator[197]. - The audit firm expressed a qualified opinion due to the inability to obtain sufficient audit evidence regarding certain income and receivables[194]. - The company’s management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and reflect a true and fair view[198]. - The independent directors agree that the audit report with a qualified opinion accurately reflects the company's financial status for 2019[99].

朗源股份有限公司 2020 年第一季度报告全文 朗源股份有限公司 （LONTRUE CO., LTD.） 2020年第一季度报告 股票代码：300175 股票简称：朗源股份 2020-048 2020 年 04 月 1 朗源股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人戚永楙、主管会计工作负责人张丽娜及会计机构负责人(会计主 管人员)王凤梅声明：保证季度报告中财务报表的真实、准确、完整。 2 朗源股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业总收入（元） | 52,662,653.82 | 126,562,196.67 | -58.39% ...

Financial Performance - Operating revenue for the reporting period was CNY 80,238,070.23, down 7.02% year-on-year, while year-to-date revenue increased by 37.20% to CNY 331,138,501.63[7] - Net profit attributable to shareholders for the reporting period was CNY 2,719,801.17, a significant decrease of 92.86% compared to the same period last year, with a year-to-date decline of 52.51% to CNY 21,705,498.41[7] - Basic earnings per share for the reporting period were CNY 0.0058, down 92.83% year-on-year, with year-to-date earnings per share of CNY 0.0461, a decrease of 52.52%[7] - The weighted average return on equity for the reporting period was 0.33%, down 4.17% year-on-year, while year-to-date return on equity was 2.63%, a decrease of 2.73%[7] - The company reported a significant reduction in short-term borrowings from ¥149,000,000.00 to ¥98,907,442.24, a decrease of approximately 33.5%[38] - The net profit for the period was CNY 2,240,214.26, compared to a net profit of CNY 35,365,103.06 in the same period last year, indicating a significant decline[52] - The company reported a net profit of CNY 21,390,406.30 for the year-to-date, down from CNY 45,703,559.94 in the previous year[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,292,299,230.04, a decrease of 8.36% compared to the end of the previous year[7] - The company's total assets decreased to ¥1,292,299,230.04 from ¥1,410,242,333.83, a reduction of about 8.4%[37] - Total liabilities decreased to ¥288,305,465.03 from ¥422,471,413.07, showing a decline of approximately 31.8%[38] - The company's short-term borrowings at the end of the reporting period were ¥98,907,442.24, a decrease of 33.62% compared to the beginning of the period, primarily due to repayment of bank loans[18] - Total liabilities amounted to CNY 422,471,413.07, with current liabilities at CNY 377,902,217.77 and non-current liabilities at CNY 44,569,195.30[73] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 18,580,599.50, an increase of 55.11%[7] - The company's cash inflow from operating activities for the reporting period was ¥394,424,109.66, a 57.77% increase from ¥250,005,654.58 in the same period last year, attributed to increased collection of receivables and export tax rebates[21] - The cash flow from operating activities generated a net amount of ¥18,580,599.50, an increase from ¥11,978,984.27 in the previous period[63] - Operating cash inflow for the period was CNY 326,463,339.99, an increase of 30% compared to CNY 251,238,050.44 in the previous period[67] - Net cash flow from operating activities was CNY -21,622,136.23, an improvement from CNY -56,346,203.82 in the previous period[67] Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,382[11] - The top shareholder, Qi Daguan, held 12.73% of the shares, while the second-largest shareholder, Xinjiang Shanglong Equity Investment Management Co., Ltd., held 11.21%[11] - The company plans to transfer 100.5 million unrestricted circulating shares held by its controlling shareholder to the actual controller, Mr. Qi Daguan, which represents 21.35% of the company's total share capital[23] Research and Development - Research and development expenses for the reporting period were ¥10,036,651.89, a 100% increase compared to ¥0.00 in the same period last year, mainly due to the inclusion of Youxi United's R&D expenses in the consolidated financial statements[20] - The company reported a significant increase in research and development expenses to CNY 1,647,925.71, indicating a focus on innovation[46] - The company incurred research and development expenses of CNY 10,036,651.89 for the year-to-date[53] Other Income and Expenses - The company reported non-recurring gains and losses totaling CNY 3,167,289.58 for the year-to-date, with significant contributions from government subsidies and investment income[8] - The company’s other income for the reporting period was ¥3,630,500.00, a 931.69% increase from ¥351,900.00 in the same period last year, mainly due to increased government subsidies for Youxi United[20] - The company experienced a loss in investment income of CNY 3,003,030.33, compared to a gain of CNY 50,147,663.68 in the previous period[50] - The financial expenses for the current period were CNY 562,640.58, a significant increase from a financial income of CNY -55,323.79 in the previous period[50] Strategic Initiatives - The company has signed a contract with China Mobile Guangdong to provide a complete edge data cloud cold storage solution, with the project already delivered and acceptance procedures underway[25] - The company signed multiple strategic cooperation agreements with China Mobile IoT and JD.com to develop smart city projects across the country[26]

Financial Performance - Total revenue for the first half of 2019 reached ¥250,900,431.40, representing a 61.80% increase compared to ¥155,065,899.13 in the same period last year[19]. - Net profit attributable to shareholders was ¥18,985,697.24, a significant increase of 150.01% from ¥7,593,834.62 in the previous year[19]. - Net profit after deducting non-recurring gains and losses surged to ¥17,422,681.30, up 1,160.36% from ¥1,382,360.87 year-on-year[19]. - Basic earnings per share rose to ¥0.0403, reflecting a 150.31% increase from ¥0.0161 in the previous year[19]. - The company reported a total comprehensive income of CNY 514,510.76, a significant improvement from a loss of CNY 63.83 million in the same period last year[137]. - The total profit for the first half of 2019 was CNY 28.16 million, up from CNY 12.83 million in the same period last year, reflecting a growth of approximately 119.0%[136]. Cash Flow and Liquidity - Operating cash flow net amount increased by 197.64% to ¥29,545,609.62, compared to ¥9,926,571.45 in the same period last year[19]. - The net cash flow from investment activities was ¥83,937,278.18, a significant improvement from a negative cash flow of -¥113,689,854.12 in the previous year[38]. - Cash and cash equivalents at the end of the reporting period were ¥69,971,786.30, which is 5.32% of total assets, up from 3.85% in the previous year[44]. - The company reported a significant increase in accounts receivable, which reached ¥171,605,411.35, accounting for 13.05% of total assets, up from 8.22%[44]. - The company's cash and cash equivalents increased to RMB 69,971,786.30 from RMB 11,435,717.76 at the end of 2018, representing a significant growth[125]. Assets and Liabilities - Total assets decreased by 6.74% to ¥1,315,188,708.19 from ¥1,410,242,333.83 at the end of the previous year[19]. - The company's total assets as of June 30, 2019, were CNY 1,059.04 million, down from CNY 1,133.72 million at the end of 2018, a decrease of approximately 6.6%[131]. - Total liabilities decreased to CNY 304.76 million in the first half of 2019 from CNY 422.47 million at the end of 2018, a reduction of about 28.0%[128]. - The company's total liabilities at the end of the reporting period were approximately 470.80 million yuan, indicating a stable financial position[160]. Operational Performance - The cost of sales increased by 25.04% to CNY 167,990,751.72 from CNY 134,354,814.68 year-on-year[36]. - The company’s management expenses surged by 249.79% to CNY 26,649,276.42 from CNY 7,618,675.11 in the previous year[36]. - The gross profit margin for the IDC business segment was 68.93%, with a year-on-year increase of 36.79%[40]. - The company’s subsidiary, Taiyuan Delanda Technology Co., Ltd., reported a net profit of 7,065,569.08 RMB during the reporting period[61]. Strategic Initiatives - The company has established strategic cooperation agreements with China Mobile Internet of Things Co., Ltd. and JD.com for multiple smart IoT city projects[36]. - The company is transitioning to a dual business model of "agricultural product processing + data center," having obtained IDC/ISP licenses to support this shift[65]. - The company plans to enhance its market analysis and research to strengthen risk control measures in its investment activities[55]. - The company aims to improve the efficiency of fund utilization through moderate risk investments while ensuring normal operational funding needs[55]. Risk Management - The company faces various risks including market cyclicality and trade barriers, which are detailed in the report[4]. - The company has established a risk investment management system to mitigate risks associated with financial market fluctuations, liquidity, and operational risks[55]. - The company has a risk of underperformance from its subsidiary, which could impact overall financial results if profit targets are not met[66]. Shareholder Information - The controlling shareholder intends to transfer 100.5 million shares, representing 21.35% of the total share capital, to the actual controller[98]. - A major shareholder plans to reduce their holdings by at least 23.54 million shares within six months[98]. - The total number of ordinary shareholders at the end of the reporting period was 32,234[109]. Compliance and Governance - The financial report for the first half of 2019 was not audited[123]. - The company has not reported any penalties or rectification situations during the reporting period[78]. - The company has not undergone any bankruptcy reorganization during the reporting period[75]. Research and Development - Research and development expenses reached ¥8,388,726.18, marking a 100% increase as Youxi United was included in the consolidated financial statements[38]. - The company aims to enhance its research and development efforts to drive innovation and improve product offerings[154].

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].