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]

Financial Performance - The company's operating revenue for 2016 was approximately ¥589.37 million, a decrease of 30.38% compared to ¥846.53 million in 2015[19]. - The net profit attributable to shareholders for 2016 was approximately ¥28.32 million, down 20.36% from ¥35.57 million in 2015[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥8.75 million, a significant decline of 73.33% from ¥32.83 million in 2015[19]. - The basic earnings per share for 2016 were ¥0.060, a decrease of 21.05% from ¥0.076 in 2015[19]. - The weighted average return on net assets was 3.10%, down from 4.08% in 2015[19]. - The company reported a 30.38% decrease in total revenue for the year, down to ¥589.37 million from ¥846.53 million in the previous year[36]. - The gross profit margin for the manufacturing sector was 12.11%, down by 2.30% from the previous year[44]. - The company reported a significant reduction in financial expenses by 55.69% to ¥15,264,042.24 due to decreased short-term borrowings and lower interest rates[52]. - The company reported a total of 24,582.85 million CNY in raised funds, with 26,266.26 million CNY utilized by the end of the reporting period[77]. Cash Flow and Investments - The net cash flow from operating activities increased by 176.98% to approximately ¥392.22 million, compared to ¥141.60 million in 2015[19]. - The net cash flow from operating activities showed a significant decline, from ¥188.94 million in the first quarter to -¥8.44 million in the fourth quarter[21]. - Investment cash inflow surged by 2,383.08% to CNY 73,667,195.45, primarily due to compensation for the demolition of properties related to the Longyan Railway construction[57]. - The company reported a net fundraising amount of CNY 423,261,263.50 after deducting issuance costs of CNY 38,438,736.50 from the total fundraising of CNY 461,700,000[74]. - The company has permanently supplemented working capital with 422.85 million CNY from the remaining raised funds, which were primarily from interest income[79]. Assets and Liabilities - The total assets at the end of 2016 were approximately ¥1.20 billion, a decrease of 23.77% from ¥1.58 billion at the end of 2015[19]. - The net assets attributable to shareholders decreased by 11.35% to approximately ¥798.47 million, down from ¥900.73 million in 2015[19]. - The company's cash and cash equivalents decreased by CNY 29,500,408.11, a decline of 116.57% year-on-year[56]. - Total liabilities decreased from CNY 624,922,426.97 to CNY 402,404,630.95, a decline of about 35.5%[187]. - Owner's equity decreased from CNY 950,478,312.98 to CNY 798,465,786.06, a decline of about 16.0%[187]. Market and Business Strategy - The company is facing risks related to the cyclical nature of agricultural products and trade barriers in Southeast Asia, particularly in Indonesia[6]. - The company is in the process of transitioning to a dual business model of "agricultural product processing + data center," with ongoing projects in Shanghai and Taiyuan[7]. - The company has entered the Starbucks supply chain after passing the AIB audit, indicating a successful expansion into new markets[36]. - The company is actively pursuing market expansion and partnerships within the domestic baking industry[87]. - The company plans to accelerate the development of new baking raw materials to enhance its product offerings and improve profitability[87]. Shareholder and Governance - The company has maintained a consistent cash dividend policy over the past three years[92]. - The independent directors have fulfilled their responsibilities in the decision-making process for the cash dividend policy[91]. - The company has a diverse board with members holding various professional backgrounds, including finance and management, which enhances its governance[144]. - The company has a strategic plan to expand its market presence, although specific figures or targets were not disclosed in the report[141]. - The company has a strong emphasis on corporate governance, with independent directors ensuring oversight and accountability[144]. Employee and Social Responsibility - The company has implemented a differentiated compensation policy to enhance competitiveness in the industry and region, focusing on performance-based incentives[153]. - The company has implemented a talent strategy that emphasizes employee rights and development, adhering to labor laws[122]. - The company has not published a social responsibility report, indicating a potential area for improvement in transparency[123]. - The company maintains a high level of information disclosure, ensuring transparency and fairness for all shareholders[160]. Audit and Compliance - The financial audit opinion was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2016[182]. - The company reported no significant internal control deficiencies during the reporting period, indicating effective internal control measures[173]. - The audit committee oversees the implementation of internal control systems and the accuracy of financial information[162]. - There are no significant discrepancies between the company's governance practices and the regulatory standards set by the China Securities Regulatory Commission[163].

Financial Performance - Total operating revenue for the reporting period was CNY 156,370,801.64, down 30.14% year-on-year[7]. - Net profit attributable to shareholders was CNY 15,715,639.56, a significant decrease of 943.17% compared to the same period last year[7]. - Basic earnings per share were CNY 0.033, reflecting a decline of 925.00% year-on-year[7]. - The company's total operating revenue for the third quarter was ¥156,370,801.64, a decrease of 30.1% compared to ¥223,849,031.61 in the same period last year[52]. - The company's net profit for the third quarter was ¥20,396,001.02, compared to a net loss of ¥2,014,506.07 in the previous year[53]. - The company's total operating revenue for the current period was CNY 456,164,525.95, a decrease from CNY 563,026,984.75 in the previous period[60]. - The net profit for the current period reached CNY 43,466,120.51, compared to CNY 25,855,409.77 in the same period last year, representing a significant increase[61]. - The company reported a total profit of CNY 48,588,737.74, up from CNY 25,997,443.62 in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,258,816,552.82, a decrease of 20.10% compared to the previous year[7]. - The company's total assets decreased to ¥1,196,386,753.41 from ¥1,445,145,890.18, reflecting a decline of 17.2%[50]. - Current assets decreased to RMB 532.70 million from RMB 1,054.49 million, with cash and cash equivalents dropping from RMB 218.28 million to RMB 106.35 million[44]. - Total liabilities decreased to ¥319,966,402.27 from ¥534,427,072.78, a reduction of 40.1%[50]. - The company's total equity attributable to shareholders decreased to RMB 883.67 million from RMB 900.73 million[47]. Cash Flow - The company reported a net cash flow from operating activities of CNY 400,657,357.18, an increase of 423.69% year-to-date[7]. - The net cash flow from operating activities was ¥400,657,357.18, significantly up from ¥76,506,760.87 in the previous year[68]. - Cash inflows from operating activities totaled ¥676,643,299.68, while cash outflows were ¥275,985,942.50[68]. - The company's cash flow from operating activities decreased by 60.5% compared to the previous year[72]. Investments and Projects - The company plans to raise up to CNY 2.3 billion through a private placement to fund IDC construction, repay bank loans, and supplement working capital[11]. - The investment in the 8,600 tons of dried fruit expansion project reached CNY 7,788.08 million, achieving 100.01% of the planned investment[34]. - A total of 14,440.00 million CNY was invested in the Turpan Jiahe Agricultural Development Co., Ltd. for a project with an annual output of 25,500 tons of raisins, with 14,245.48 million CNY already invested[35]. - The company has made strategic investments in subsidiaries to enhance operational capabilities and market reach[36]. Shareholder Information - The top ten shareholders collectively hold 28.96% of the company's shares, with significant stakes held by Xinjiang Shanglong and individual shareholder Qi Daguan[13]. - The company has committed to not increase holdings of shares for 12 months, which has been strictly adhered to[30]. - The company has completed the shareholding increase plan with an amount not less than CNY 30 million and not exceeding CNY 500 million[32]. - The company has committed to not reduce holdings of shares for 6 months after the completion of the shareholding increase plan[32]. Market and Strategic Development - The company aims to leverage its advantages in Xinjiang's high-quality raisin production to control procurement costs and improve product standardization[10]. - The company is actively developing markets in Southeast Asia and the Middle East to mitigate risks from unstable import policies in Indonesia[11]. - The company is in the expansion phase for its nut project, which is currently generating low income[35]. Financial Management - The company's financial expenses for the reporting period were ¥11,571,075.65, a decrease of 45.25% compared to the same period last year, primarily due to reduced loans[22]. - The company reported a significant reduction in financial expenses, which fell to ¥4,966,574.32 from ¥10,096,361.03, a decrease of 50.8%[53]. - Financial expenses decreased to CNY 11,571,075.65 from CNY 21,135,533.24 year-over-year, indicating improved cost management[60].