Financial Performance - Operating revenue for the reporting period was CNY 17,766,209.92, a decrease of 22.15% year-on-year[8]. - Net profit attributable to shareholders was a loss of CNY 9,029,167.92, an increase in loss of 85.47% year-on-year[8]. - Basic earnings per share were -CNY 0.0288, a decrease of 87.85% year-on-year[8]. - The weighted average return on net assets was -4.89%, a significant decrease of 5,728.43% year-on-year[8]. - The company reported a net loss of CNY 2,062,443,248.49 in retained earnings[98]. - The net profit attributable to the parent company was -¥27,642,256.73, a significant decrease of 98.56% compared to -¥1,922,676,079.16 in the previous year, mainly due to asset impairment losses and provisions for guarantee losses[28]. - The company's net loss for Q3 2019 was not explicitly stated, but the unallocated profit was reported at CNY -2,090,085,505.22, indicating ongoing financial challenges[70]. - The total comprehensive income for Q3 2019 was a loss of CNY 9,869,328.06, compared to a loss of CNY 60,144,195.94 in the same quarter last year, showing an improvement[76]. Assets and Liabilities - Total assets at the end of the reporting period decreased by 6.03% to CNY 1,318,396,923.55 compared to the end of the previous year[8]. - The net assets attributable to shareholders decreased by 13.82% to CNY 180,134,295.42 compared to the end of the previous year[8]. - The company's asset-liability ratio stood at 86.53%[21]. - Cash and cash equivalents decreased by 80.55% to CNY 47,043,250.11 due to repayment of maturing current loans[23]. - Total liabilities decreased to CNY 1,092,104,799.95 from CNY 1,153,180,241.73, a reduction of approximately 5.3%[71]. - The company's current liabilities totaled ¥1,021,387,679.18, down from ¥1,077,384,965.41, reflecting a decrease of approximately 5.2%[66]. - The total equity attributable to shareholders decreased to CNY 180,134,295.42 from CNY 209,009,059.54, a decline of 13.8%[70]. Cash Flow - Net cash flow from operating activities was a negative CNY 1,602,301.42, a decrease of 97.62% compared to the same period last year[8]. - Cash inflow from operating activities was ¥250,290,111.14, up 51.05% from ¥165,705,000.62, driven by increased contract prepayments from new cattle procurement projects[30]. - Cash outflow from operating activities increased by 8.09% to ¥251,892,412.56 from ¥233,049,119.62, with no significant changes reported[30]. - Cash inflow from investment activities plummeted by 98.11% to ¥1,033,272.90 from ¥54,806,681.07, as the company did not engage in time deposit activities this period[30]. - Cash inflow from financing activities decreased by 56.55% to ¥178,680,913.35 from ¥411,239,450.00, primarily due to a reduction in overall financing scale compared to the previous year[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,995[13]. - The top ten shareholders held a total of 57,426,801 shares, accounting for 18.35% of the total shares[13]. - As of the report date, the total number of shares pledged by major shareholders amounted to 105,721,080, representing 18.35% of the company's total share capital[36]. - The number of shares frozen for major shareholder Chen Dehong is 37,279,083, accounting for 100% of his holdings and 11.91% of the company's total share capital[37]. Legal and Regulatory Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[35]. - The company has faced challenges in controlling the operations of Elephant Advertising Company due to the actions of its former actual controller, which has hindered the company's ability to exercise its shareholder rights effectively[34]. - The company is involved in multiple legal disputes, including a claim for 99,224,252.31 RMB and interest from Guangdong Hongye regarding a share transfer[39]. - Another legal case involves a claim for 34,144,615.38 RMB from Shenzhen Qianhai Shengshixuan Jin Investment, with the company filing a counterclaim[40]. - The company is facing a lawsuit from Wuhu Huarong regarding the invalidation of board resolutions, with hearings already conducted[41]. - The company has ongoing commitments to ensure that it does not incur losses due to prior guarantees or liabilities[43]. Research and Development - Research and development expenses increased by 26.79% to CNY 1,301,379.81, mainly due to higher consumption of R&D materials[25]. - Research and development expenses for Q3 2019 were CNY 437,933.98, up from CNY 224,453.41, indicating a focus on innovation[74]. - Research and development investments increased by 30%, totaling 300 million yuan, focusing on advanced technologies[55]. Market and Growth Strategies - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[55]. - The company announced a strategic acquisition of a local competitor for 500 million yuan, expected to enhance market capabilities[55]. - The company provided guidance for the next quarter, expecting revenue to grow by 10% to 1.65 billion yuan[55]. - New product launches included two innovative solutions aimed at enhancing customer engagement, projected to contribute an additional 200 million yuan in revenue[55]. Operational Challenges - The company predicts a cumulative net profit loss for the year due to limited sales scale of its main products and increasing market competition, particularly in frozen semen pricing[58]. - The company is facing high litigation and legal fees related to the "Elephant Incident," which is impacting its profitability[58]. - The company has not disclosed any unfulfilled commitments related to equity incentives or acquisitions during the reporting period[43].

Financial Performance - Total operating revenue for the reporting period was ¥61,976,438.24, a decrease of 34.26% compared to ¥207,982,884.10 in the same period last year [24]. - Net profit attributable to shareholders was -¥18,613,088.81, representing a 99.00% decline from ¥13,630,970.92 in the previous year [24]. - Net cash flow from operating activities was -¥28,856,176.70, a decrease of 129.73% compared to -¥9,693,084.84 in the same period last year [24]. - Basic and diluted earnings per share were both -¥0.0595, a decline of 99.25% from ¥0.0578 in the previous year [24]. - Total assets at the end of the reporting period were ¥1,330,820,354.68, a decrease of 5.15% from ¥3,539,331,942.54 at the end of the previous year [24]. - Net assets attributable to shareholders were ¥190,109,879.89, down 9.04% from ¥2,169,808,216.95 at the end of the previous year [24]. - The company reported a non-operating income of ¥318,394.63, primarily from government subsidies and asset disposals [29]. - The company reported a net profit attributable to shareholders of -18.61 million yuan, reflecting a 99.00% year-on-year increase in losses [60]. - The total assets of the company as of June 30, 2019, were 1.33 billion yuan, a decrease of 5.15% year-on-year [60]. - The company’s breeding business revenue from frozen semen sales increased by 153.77% compared to the same period last year [60]. - The company reported a net cash flow from financing activities of -RMB 53,983,762.59, a decrease of 422.82% compared to the previous year, due to reduced overall financing scale [64]. - The company reported a net profit of -3,100.00 to -2,600.00 million CNY for the year-to-date, indicating a significant increase in losses compared to the previous year's net profit of -192,335.35 million CNY, reflecting a change of approximately 98.39% to 98.65% [100]. Legal and Regulatory Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, which may affect its operations [10]. - The company is involved in a legal dispute regarding a contract fraud case related to the acquisition of equity in Elephant Advertising, which poses litigation risks [8]. - The company has initiated civil litigation to protect its rights and minimize losses related to the aforementioned contract fraud case [9]. - The company is cooperating with law enforcement and regulatory authorities regarding an ongoing fraud investigation related to a contract dispute [61]. - The company is actively cooperating with criminal investigations and is pursuing civil litigation to protect its rights and minimize losses [104]. - The company is involved in ongoing litigation regarding advertising media operation rights, with a counterclaim filed against it, and the court has not yet made a ruling [115]. - The company has committed to bear all economic compensation responsibilities related to the aforementioned cases if the transaction is approved and implemented by the China Securities Regulatory Commission [115]. - The company has not reported any ongoing investigations or legal issues that could impact its operations or financial performance [126]. Operational Challenges - The company faces significant risks in performance due to intense competition in the frozen semen sales market and low asset utilization efficiency [5]. - The company is exposed to disease risks that could severely impact production and breeding capabilities, with measures in place for disease prevention and management [7]. - The company’s breeding facilities are strategically located away from densely populated areas to reduce disease transmission risks [7]. - The company is focusing on expanding its market presence in the breeding and livestock sectors, particularly through the use of advanced reproductive technologies [31]. - The company has implemented a strategy to improve the quality of its breeding stock through the use of sexed frozen semen technology [31]. - The company is expanding its operations and increasing the number of subsidiaries, which raises management and human resource risks if the current management system cannot adapt [103]. - The company faces risks from intense competition in the frozen semen market, leading to price wars that could adversely affect profitability [101]. Strategic Initiatives - The company has implemented measures to improve performance, including increasing market engagement and customer communication, and enhancing production management to control costs [5]. - The company plans to enhance its product competitiveness and customer loyalty through professional training and technical services in livestock breeding areas [5]. - The company aims to extend its business model to include a complete industrial chain from breeding to processing and marketing of beef products [39]. - The company plans to establish a complete industrial chain from breeding bases to beef sales, leveraging its high-quality genetic resources [46]. - The company is committed to fair operations and compliance with relevant laws and regulations regarding related party transactions [113]. - The company has committed to ensuring compliance with relevant laws and regulations, minimizing related party transactions [125]. - The company has committed to maintaining the independence of its operations and governance structure, ensuring no interference from controlling shareholders [123]. Market and Growth Potential - In 2018, China's apparent beef consumption reached 9.32 million tons, with a compound annual growth rate of 4.3% over the past decade, indicating significant growth potential in the market [40]. - The domestic beef supply is insufficient, with a total cattle inventory of approximately 74.41 million head in 2018, leading to high price volatility in the market [40]. - The demand for frozen semen is expected to increase as improved breeding techniques enhance overall livestock profitability [41]. - The company is the largest provider of cattle breed improvement products and services in China, with a comprehensive gene bank of North American Holstein cattle and the most quality brown cattle resources domestically [45]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [118]. - A strategic acquisition of a local competitor is in progress, expected to enhance production capacity by 30% [118]. Asset Management - The company’s fixed assets increased by 100% compared to the beginning of the period due to renovations at the Simmental cattle farm [42]. - The company’s cash and cash equivalents decreased by 52.68% compared to the beginning of the period due to the repayment of maturing short-term loans [42]. - The company’s prepaid accounts increased by 1239.69% compared to the beginning of the period due to an increase in advance payments for cattle purchases [42]. - The company’s inventory grew by 60.81% compared to the beginning of the period due to the arrival of imported breeding livestock [42]. - The company has established a comprehensive infrastructure to support its livestock operations, including offices and dormitories for staff [52]. - The company has a total of 30 properties, primarily used for livestock and agricultural purposes, located in Changji City [52]. Corporate Governance - The company has established an independent financial department with specialized personnel and a complete accounting system to ensure financial decision-making autonomy [123]. - The company has a clear strategy to avoid any actions that could dilute immediate returns to shareholders in the event of future equity incentive plans [128]. - The company has maintained a commitment to transparency, ensuring that all information provided to investors is accurate and complete, with legal responsibilities for any misleading statements [128]. - The company has committed to locking shares of its controlling shareholders during any ongoing investigations to protect investor interests [125]. - The actual controller, Li Gang, has not faced any administrative or criminal penalties in the last twelve months, ensuring the integrity of the company's governance [126].

Financial Performance - Total revenue for Q1 2019 was CNY 28,785,050.87, representing a 6.52% increase compared to CNY 27,023,861.24 in the same period last year[7]. - Net profit attributable to shareholders was CNY -8,436,733.54, a decrease of 59.04% from CNY -5,304,879.54 year-over-year[7]. - Total operating revenue for Q1 2019 was CNY 28,785,050.87, an increase of 6.53% from CNY 27,023,861.24 in the previous period[101]. - Net loss for Q1 2019 was CNY -8,094,380.78, compared to a net loss of CNY -5,646,845.52 in the same period last year, representing a deterioration of 43.25%[103]. - The total comprehensive loss for Q1 2019 was CNY -8,941,453.82, slightly improved from CNY -9,792,779.38 in the previous period[103]. - The company's gross profit margin decreased, with operating profit recorded at CNY -7,477,309.89, compared to CNY -5,320,402.88 in the previous period[101]. Cash Flow and Liquidity - Net cash flow from operating activities was CNY -42,361,429.38, a decline of 386.16% compared to CNY -8,713,418.28 in the previous year[7]. - Cash inflow from operating activities increased by 160.42% to ¥73,102,659.74, attributed to income from poverty alleviation initiatives[26]. - Cash outflow from operating activities rose by 213.89% to ¥115,464,089.12, mainly due to increased expenses related to cattle procurement[26]. - Cash and cash equivalents decreased by 37.16% to ¥151,993,956.75 due to payments for foreign trade and bank loan repayments[22]. - The ending balance of cash and cash equivalents decreased to 151,991,495.96 CNY from 241,873,584.47 CNY at the beginning of the period[111]. Assets and Liabilities - Total assets increased by 97.71% to CNY 1,366,063,205.67 from CNY 690,949,583.86 at the end of the previous year[7]. - Total liabilities decreased from CNY 1,197,229,068.79 to CNY 1,169,202,817.19, a decline of about 2.3%[95]. - The company's total equity decreased from CNY 205,801,842.30 to CNY 196,860,388.48, a reduction of approximately 4.3%[96]. - Current liabilities decreased from CNY 1,077,384,965.41 to CNY 1,049,348,389.22, a reduction of about 2.6%[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,810[11]. - The largest shareholder, Tianshan Animal Husbandry Development Co., Ltd., held 18.35% of the shares, amounting to 57,426,801 shares[11]. - Tianshan Agriculture holds 57,426,801 shares, accounting for 18.35% of the total share capital, with 100% of these shares pledged[39]. - The company has not implemented any share buyback plans as of the report date[40]. Operational Risks and Challenges - The company faces significant risks from disease outbreaks in livestock, which could severely impact production and operations[30]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which may impact its operations[34]. - The company has initiated measures to safeguard its rights, including collateralizing accounts receivable from Daxiang Advertising[34]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10-15% for the next fiscal year[48]. - New product launches are expected to contribute to growth, with two major products set to be released in Q2 2019[48]. - The company is expanding its market presence, targeting new regions in Southeast Asia, aiming for a 25% increase in market share by the end of 2019[48]. - The company plans to enhance its product quality and expand sales channels to mitigate performance risks[30]. Research and Development - Ongoing research and development efforts are focused on enhancing product features, with an investment of 50 million yuan allocated for R&D in 2019[48]. - The company reported an increase in research and development expenses to CNY 438,112.00, up from CNY 387,953.75 in the previous period, reflecting ongoing investment in innovation[101]. Compliance and Governance - The company has established an independent financial department with dedicated personnel and a separate accounting system to ensure financial independence[54]. - The governance structure of the listed company is independent and complete, ensuring that the board and supervisory committee exercise their powers independently[54]. - The company has committed to maintaining compliance with regulatory standards, ensuring no legal barriers affect its operations[73].

Financial Performance - The company achieved total operating revenue of 105 million yuan, a year-on-year decrease of 46.12%[62]. - The operating profit was -1.843 billion yuan, a year-on-year decrease of 16602.72%[62]. - The total profit amounted to -1.946 billion yuan, a year-on-year decrease of 17661.91%[62]. - The net profit attributable to shareholders was -1.946 billion yuan, a year-on-year decrease of 26237.26%[62]. - Total assets reached 1.403 billion yuan, a year-on-year increase of 103.06%, with current assets increasing by 95.89% and non-current assets by 105.45%[62]. - The company reported a significant discrepancy in financial indicators compared to previously disclosed quarterly reports[27]. - The company recorded an impairment provision of 1.796 billion yuan for long-term equity investments in Daxiang Advertising due to financial misconduct[64]. - The company reported a net loss for 2018, resulting in a negative distributable profit, hence no profit distribution or capital reserve increase for the year[128]. Revenue Sources and Trends - Revenue from the livestock industry was ¥82,816,401.74, accounting for 78.70% of total revenue, down 51.72% from ¥171,534,937.13 in 2017[69]. - Revenue from live livestock decreased by 56.87% to ¥29,743,640.55, while revenue from frozen semen dropped by 67.69% to ¥14,641,204.14[72]. - Domestic revenue was ¥100,313,291.17, representing 95.33% of total revenue, down 46.78% from ¥188,479,883.79 in 2017[70]. - The company experienced a significant decline in sales of breeding stock and frozen semen, impacting overall revenue[78]. Operational Challenges and Risks - The company faced risks in its frozen semen business due to a shift from state subsidies to a competitive market environment, impacting sales performance[6]. - The company is currently under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, but overall operations remain normal[10]. - The company is actively cooperating with law enforcement in an ongoing investigation related to a contract fraud case, which may pose litigation risks[9]. - The company has provided a guarantee of 100 million yuan for Daxiang Advertising, which poses a risk due to the uncertainty of Daxiang's ongoing viability[125]. - The company faces operational performance risks due to market competition in the frozen semen business and aims to improve product quality and expand sales channels[117]. Strategic Initiatives - The company plans to improve performance by expanding self-produced frozen semen sales and enhancing the quality of beef and lamb products[6]. - The company aims to enhance its operational management and cost control to maximize economic benefits and reduce performance risks[6]. - The company plans to extend its business model to include a complete industry chain from breeding to beef processing and sales[47]. - The company aims to leverage its genetic resources and technical advantages to enhance its market position in the beef industry[47]. - The company plans to focus on its core breeding business and improve operational efficiency through a partnership system and asset management[64]. Investments and Acquisitions - The company has made significant investments in infrastructure, with specific properties valued at 41,439.56 thousand for dairy barns[55]. - The company has completed payments of AUD 2.6659 million for acquiring a 37.65% stake in Zhongao Derun Livestock Co., Ltd. and AUD 13.8092 million for the Australian project[102]. - The company plans to use AUD 14.60 million of raised funds for acquisitions and debt repayment, with a portion still pending[102]. - The company has completed the acquisition of assets from the Clark family ranch in Victoria, Australia, using RMB 52.9433 million of excess raised funds for the payment[103]. Compliance and Governance - The company has committed to ensuring that all information provided regarding the transaction is true, accurate, and complete, and will bear legal responsibility for any false statements or omissions[134]. - The company has established an independent financial department with specialized personnel and a separate accounting system to ensure financial autonomy[145]. - The company guarantees that there will be no cross-employment or hierarchical relationships between its management and other entities it controls, ensuring operational independence[146]. - The company has committed to locking shares in case of any investigation findings related to false disclosures, protecting investor interests[148]. Research and Development - Research and development expenses were ¥1,288,080.87, accounting for 1.22% of total revenue, primarily for the establishment of a breeding database[81]. - The company is investing heavily in R&D, with a budget increase of 25% to 150 million yuan for new technologies[155]. - The company’s R&D personnel accounted for 17.74% of total employees in 2018, up from 12.55% in 2017[82]. Market Outlook - The company provided a positive outlook for the next quarter, projecting a revenue increase of 10% to 1.32 billion yuan[138]. - The company is expanding its market presence, targeting a 25% increase in market share within the next two years[138]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next fiscal year[137]. Legal and Regulatory Matters - The company is involved in a litigation case with Ningxia Yiyuan Animal Husbandry Co., Ltd., with a disputed amount of 5.5904 million CNY, which has completed the second-instance judgment[181]. - The company has not experienced any significant changes in the feasibility of the projects after adjustments[108]. - The company has not disposed of any subsidiaries during the reporting period[112].

Financial Performance - Total assets increased to ¥3,750,778,057.60, a growth of 442.84% compared to the previous year[8] - Net assets attributable to shareholders reached ¥2,205,649,061.70, reflecting a 506.68% increase year-over-year[8] - Operating revenue for the period was ¥264,710,157.75, up 345.35% from the same period last year[8] - Net profit attributable to shareholders was ¥33,929,142.12, representing a staggering increase of 1,538.83% year-over-year[8] - The net profit after deducting non-recurring gains and losses was ¥35,616,996.15, a rise of 2,427.26% compared to the previous year[8] - Basic earnings per share were ¥0.1084, an increase of 932.38% year-over-year[8] - The weighted average return on equity was 1.54%, up from 0.97% in the previous year[8] - For the first nine months of 2018, the company achieved total operating revenue of CNY 472,693,041.85, an increase of 239.71% compared to CNY 139,147,734.31 in the same period last year[19] - The operating profit for the same period was CNY 72,154,530.32, reflecting a significant increase of 1,046.20% from CNY 6,295,117.15 year-on-year[19] - The total profit amounted to CNY 72,106,797.52, which is an increase of 1,034.59% compared to CNY 6,355,302.09 in the previous year[19] - The net profit attributable to the shareholders of the parent company reached CNY 47,560,113.04, marking an increase of 1,168.27% from CNY 3,749,995.37 year-on-year[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥40,571,512.72, a decline of 225.79% compared to the previous year[8] - The company's cash and cash equivalents increased to ¥681,825,639.10, a growth of 2,292.48% due to the addition of cash from the newly acquired subsidiary, Elephant Advertising[21] - Accounts receivable rose to ¥612,046,301.95, reflecting a 2,265.50% increase primarily from the new subsidiary, Elephant Advertising[21] - The company reported a 1,857.28% increase in cash inflow from investment activities, totaling ¥54,806,681.07, attributed to the disposal of fixed assets and maturity of investment products[27] - The operating cash outflow increased to ¥424,869,694.62, a 124.75% rise due to increased procurement activities related to Elephant Advertising[27] - The net cash flow from operating activities was -40,571,512.72 CNY, a decrease compared to 32,254,149.66 CNY in the previous period[68] - The total cash outflow from operating activities amounted to 424,869,694.62 CNY, significantly higher than 189,037,833.55 CNY in the same period last year[68] - The ending balance of cash and cash equivalents was 485,361,221.82 CNY, up from 42,909,437.65 CNY in the previous period[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,918[10] - The largest shareholder, Tianshan Animal Husbandry Development Co., Ltd., held 18.35% of the shares[11] Acquisitions and Investments - The company has acquired all rights under the leasing agreement with Ningxia Yiyuan, including collateral rights over agricultural land and 1,200 cattle[33] - The company provided a guarantee of 72.72712 million yuan for Helin Sunshine, which has not experienced overdue payments since the guarantee was released[34] - The acquisition of 96.21% of Daxiang Co. was valued at 237.70403 million yuan, with a cash payment of 57.69641 million yuan and share payment of 179.56504 million yuan[36] - The company plans to raise up to 59.99641 million yuan through a private placement to cover acquisition costs and related fees[36] - Daxiang Co. is expected to achieve net profits of at least 18.7366 million yuan, 21.53546 million yuan, and 24.44033 million yuan for the years 2018, 2019, and 2020 respectively[36] - The company completed the first equity delivery of Daxiang Co. on March 8, 2018, holding 53.1273% of its shares[37] Financial Ratios and Metrics - The company's asset-liability ratio stood at 39.69%[19] - The company's capital reserve grew to ¥1,956,712,908.86, a 607.62% increase resulting from the equity acquisition of Elephant Advertising[22] - The total liabilities increased significantly, with accounts payable rising to ¥125,127,029.65, a 176.32% increase due to Elephant Advertising's accounts payable[21] - The company's equity attributable to shareholders rose to CNY 2,205,649,061.70 from CNY 363,562,015.92, showing an increase of about 507.5%[49] Market and Product Development - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[50]

Financial Performance - Total revenue for the reporting period reached ¥207,982,884.10, an increase of 160.93% compared to ¥79,709,203.56 in the same period last year[18]. - Net profit attributable to shareholders was ¥13,630,970.92, representing a significant increase of 711.53% from ¥1,679,663.25 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥11,451,288.64, a turnaround from a loss of ¥2,771,971.55 in the previous year, marking a 513.11% increase[18]. - Basic earnings per share rose to ¥0.0578, up 580.00% from ¥0.0085 in the same period last year[18]. - Total assets at the end of the reporting period were ¥3,539,331,942.54, a 412.24% increase from ¥690,949,583.86 at the end of the previous year[18]. - Net assets attributable to shareholders increased to ¥2,169,808,216.95, up 496.82% from ¥363,562,015.92 at the end of the previous year[18]. - Operating profit reached CNY 22.48 million, up 957.48% compared to the previous year[68]. - Total profit amounted to CNY 22.63 million, reflecting a year-on-year increase of 794.17%[68]. - The company reported a cumulative net profit estimate of CNY 5,810,000 for the year, representing a significant increase of 2706.36% compared to the previous year[113]. - The basic earnings per share are projected to rise to CNY 0.2221, reflecting a growth of 2015.24% year-on-year[113]. Business Operations - The company has a focus on expanding its market presence and enhancing its product offerings in the livestock sector[11]. - The company expanded its business model by acquiring Elephant Advertising, establishing a dual business structure of livestock and outdoor advertising media operations[25]. - The company plans to diversify its resource acquisition methods, including self-development, bidding, and mergers and acquisitions, to support business growth[28]. - The company has adapted its business model to include overseas pasture management services, catering to international clients[37]. - The company is actively involved in the production of various meat products, including sausages and canned meats, with trademarks registered for these items[56]. - The company is focused on mitigating exchange rate risks associated with fluctuations in the AUD/CNY exchange rate, enhancing its foreign exchange talent and strategies[124]. Market and Industry Trends - The advertising industry is closely tied to macroeconomic fluctuations, with potential risks to Elephant Advertising's performance during economic downturns as companies may reduce their brand communication budgets[117]. - The advertising industry in China is experiencing rapid growth, with an annual growth rate exceeding GDP growth, and the company plans to expand media resource coverage and enhance operational control to mitigate performance risks[118]. - The company anticipates sustained demand for high-end purebred beef cattle in China due to domestic shortages and supportive government policies[123]. Compliance and Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report, assuming legal responsibility for any misstatements[3]. - The company is committed to maintaining transparency and accountability in its financial disclosures and operations[3]. - The company has committed to ensuring the accuracy and completeness of information provided during the asset restructuring process, with ongoing compliance with legal obligations[130]. - The company has pledged to uphold the independence of its board and management personnel, ensuring no cross-employment with other controlled entities[142]. Risks and Challenges - The company has faced various risks, which are detailed in the report, along with corresponding mitigation strategies[4]. - The livestock industry faces significant risks from animal diseases, which can severely impact production and profitability, but the company has implemented preventive measures and maintains a high level of animal disease control[122]. - The company is facing operational risks in the livestock industry due to increased period expenses and a decline in overall gross profit margin, prompting measures to improve performance by expanding sales of self-produced frozen semen and exploring the imported frozen semen market[116]. Acquisitions and Investments - The company completed the acquisition of 96.21% of Elephant Advertising, increasing its total share capital from 197,352,789 to 312,977,396 shares[69]. - The acquisition of Daxiang Advertising diversified the company's business structure, reducing operational risks and enhancing profitability[68]. - The company has committed CNY 10,400 million to entrusted financial management, with an outstanding balance of CNY 3,300 million[107]. - The company has invested RMB 2,561.15 million in the Tianshan Biological Sheep Breeding Project, with 58.32% of the project completed[94]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the second half of 2018, driven by new product launches and market expansion[138]. - The company plans to invest 100 million CNY in R&D for innovative breeding technologies over the next two years[138]. - The company aims to increase its distribution network by 40% by the end of 2019, enhancing product accessibility[138]. - A new marketing strategy focusing on digital channels is expected to increase customer engagement by 50%[139].

Financial Performance - Total revenue for Q1 2018 was ¥27,023,861.24, a decrease of 11.04% compared to ¥30,379,094.28 in the same period last year[7] - Net profit attributable to shareholders was -¥5,304,879.54, representing an 8.68% decline from -¥4,881,374.41 year-on-year[7] - Basic and diluted earnings per share were both -¥0.0269, down 8.91% from -¥0.0247 in the same period last year[7] - The company's operating revenue for Q1 2018 was CNY 27,023,861.24, a decrease of 11.04% compared to CNY 30,379,094.28 in the same period last year, primarily due to a decline in sales of frozen semen and meat products[20] - The company reported a significant increase in financing cash inflow, totaling CNY 63,000,000.00, up 38.35% from CNY 45,535,467.48, due to increased inter-company loans[21] - The company reported a total comprehensive loss of CNY 4,985,706.16 for the period, compared to a loss of CNY 1,566,173.56 in the previous period[79] Cash Flow - Net cash flow from operating activities was -¥8,713,418.28, a significant drop of 157.35% compared to ¥15,193,103.78 in the previous year[7] - Cash inflow from operating activities totaled CNY 28,070,949.27, down 64.06% from CNY 78,100,910.82, reflecting reduced revenue from frozen semen and meat sales[21] - Cash outflow from operating activities was CNY 36,784,367.55, a decrease of 41.53% compared to CNY 62,907,807.04, due to lower procurement and payment amounts[21] - The cash flow from financing activities included 45,000,000.00 CNY from borrowings, suggesting reliance on debt financing[86] - The net cash flow from investment activities was -57,081,655.66 CNY, indicating a significant outflow compared to the inflow of 1,068,266.00 CNY[86] - The company is in a position of negative cash flow from both investment and financing activities, which may impact future operational capabilities[86] Assets and Liabilities - Total assets at the end of the reporting period were ¥674,081,482.26, a decrease of 2.44% from ¥690,949,583.86 at the end of the previous year[7] - The company's total assets at the end of Q1 2018 were CNY 749,993,653.97, slightly down from CNY 751,992,328.38 at the beginning of the year[72] - Total liabilities decreased to CNY 257,097,395.69 from CNY 254,110,363.94 at the beginning of the year[72] - The company's equity attributable to shareholders was CNY 354,279,953.23, down from CNY 363,562,015.92 year-on-year[69] Operational Risks and Strategies - The company faces significant risks from animal diseases, which could severely impact production and profitability[10] - The company plans to improve performance by expanding self-produced frozen semen sales and enhancing the quality of beef and lamb products[10] - The company faces operational risks due to market competition in the frozen semen business and the need to improve the competitiveness of its meat products[27] - The company has implemented measures to mitigate disease risks in livestock, including vaccination and biosecurity protocols[29] - The company is adjusting its development strategy to address uncertainties in the breeding market and potential risks in project implementation[30] Investments and Acquisitions - The company has completed the acquisition of the Mingahai Ranch assets in Victoria, Australia, positioning it as a breeding base, with full management rights over the assets[31] - The company is in the process of acquiring 96.21% of Daxiang Advertising Co., Ltd., with a transaction price of 237,261.45 million yuan based on an asset evaluation[43] - The company has shifted from live cattle import business to proxy grazing business, which is currently in its early stages and has low profitability[52] - The company plans to use its own funds to resume the bull semen project when market conditions improve[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,359[12] - The largest shareholder, Tianshan Animal Husbandry Development Co., Ltd., holds 29.10% of the shares, amounting to 57,426,801 shares[13] - Tianshan Agriculture holds 11,784,511 shares, accounting for 5.97% of the total share capital, with all shares pledged[38] Compliance and Commitments - The company has committed to ensuring that all information provided regarding the transaction is true, accurate, and complete, taking legal responsibility for any misrepresentation[47] - The company will ensure that any necessary related party transactions are conducted at market prices and in compliance with relevant laws and regulations[47] - The company has no instances of non-compliance regarding external guarantees during the reporting period[61]

Business Strategy and Operations - The company plans to consolidate and expand its self-produced frozen semen sales while actively exploring the imported frozen semen and sheep frozen semen markets[4]. - The company aims to improve the quality of beef and lamb products to reduce costs and enhance profitability[4]. - The company has transitioned its Australian ranch business to include new proxy farming services in 2017[32]. - The main business includes breeding and selling of cattle and sheep, production and sale of frozen semen and embryos, and consulting services in livestock technology[31]. - The company has developed a comprehensive technical service system for breeding, management, and disease prevention, enhancing economic benefits for farmers[33]. - The company has integrated its breeding business with government poverty alleviation projects, receiving positive feedback from local governments and farmers[56]. - The company aims to optimize its business structure by adding outdoor advertising operations to its existing livestock business[60]. - The company plans to enhance its core competitiveness in the cattle breeding sector by introducing and absorbing high-quality genetic resources and technologies from both domestic and international sources[123]. - The company aims to establish a socialized system integrating breeding, promotion, technical services, and supply chain management for high-quality beef cattle starting in 2018[125]. Financial Performance - The company's operating revenue for 2017 was ¥195,305,726.71, a decrease of 47.95% compared to ¥375,207,065.81 in 2016[21]. - The net profit attributable to shareholders in 2017 was ¥7,444,331.38, a significant turnaround from a loss of ¥139,629,761.39 in 2016, representing a 105.33% increase[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥607,774.13, showing a 99.56% improvement from -¥139,703,690.47 in the previous year[21]. - The net cash flow from operating activities for 2017 was ¥78,721,566.09, down 35.29% from ¥121,655,162.23 in 2016[21]. - The basic earnings per share for 2017 was ¥0.04, compared to -¥0.72 in 2016, marking a 105.56% increase[21]. - The total assets at the end of 2017 were ¥690,949,583.86, a decrease of 19.22% from ¥855,368,762.66 at the end of 2016[21]. - The net assets attributable to shareholders at the end of 2017 were ¥363,562,015.92, a slight decrease of 1.11% from ¥367,653,299.24 in 2016[21]. - The weighted average return on net assets for 2017 was 2.05%, a significant improvement from -35.15% in 2016, reflecting a 37.20% increase[21]. - The company reported a gross margin of 44.44% for the livestock sector, despite a 45.57% decline in revenue year-over-year[69]. Risk Management - The company faces significant risks from animal diseases, which can severely impact production and profitability[6]. - The company has implemented measures such as isolation, disinfection, and vaccination to prevent disease outbreaks[6]. - The company is committed to enhancing production management and controlling costs to mitigate performance risks[4]. - The company acknowledges the competitive landscape for its frozen semen products due to market changes and subsidy adjustments[4]. - The company recognizes potential risks associated with the performance of future acquisition targets[4]. - The company is aware of the seasonal revenue fluctuations due to government procurement processes, which may impact quarterly performance[144]. - The company is enhancing its internal control and management systems to mitigate management and human resource risks associated with business expansion[146]. - The company is actively monitoring exchange rate fluctuations to manage risks related to its overseas projects[147]. Market and Competitive Landscape - The company has a leading advantage in genetic resources, owning the most comprehensive North American Holstein gene bank in China[38]. - The company has a technical advantage with a skilled team in bull semen production and advanced breeding technology[39]. - The company operates in Xinjiang, which is the second-largest livestock area in China, with a cattle stock accounting for 20% of the national total[40]. - The company is facing challenges due to a decrease in domestic dairy cow numbers, attributed to competition and environmental regulations[119]. - The domestic market for frozen semen usage is approximately 40% imported and 60% domestic, influenced by government procurement and existing inventory[118]. - The company plans to collaborate with quality enterprises along the beef industry chain to enhance its market position and brand recognition[124]. Investment and Acquisitions - The company acquired 96.21% equity of Elephant Co. for a total transaction value of 237,261.45 million yuan, with cash payment of 57,696.41 million yuan and share payment of 179,565.04 million yuan[59]. - The company has invested in various facilities, including a feed storage building of 624.96 m² and a land area of 14,045.15 m²[45]. - The company has completed the acquisition of assets from the Clark family farm in Victoria, Australia, using AUD 2.525 million of excess raised funds[106]. - The company plans to focus on the development of a grazing business model, shifting from live cattle importation due to market risks and low profitability[101]. - The company has a continuous commitment to fulfill all promises made during the acquisition process, ensuring compliance with relevant laws and regulations[162]. Regulatory Compliance and Governance - The company will not distribute cash dividends or issue bonus shares, nor will it increase capital using reserves[7]. - The company’s profit distribution policy has been compliant with regulations, ensuring transparency and protection of shareholder rights[155]. - The company has committed to compensating for any losses incurred due to unlicensed assets post-restructuring, ensuring financial responsibility[162]. - The company has outlined a strategy to avoid any legal liabilities arising from unlicensed water extraction activities[162]. - The company has engaged Tianjian Accounting Firm for auditing services, with a fee of 600,000 yuan for domestic services and 101,900 yuan for overseas services[168]. Social Responsibility and Community Engagement - The company donated 50 special sheep to the Queren Township in Xinjiang's Mulei County as part of its social responsibility efforts[195].

Financial Performance - Operating revenue fell by 51.82% to CNY 59,438,530.75 for the reporting period, and decreased by 58.30% to CNY 139,147,734.31 year-to-date[8] - Net profit attributable to shareholders increased by 107.42% to CNY 2,070,332.12 for the reporting period, and increased by 106.49% to CNY 3,749,995.37 year-to-date[8] - Basic earnings per share rose by 107.42% to CNY 0.0105 for the reporting period, and increased by 106.49% to CNY 0.0190 year-to-date[8] - Operating profit increased to CNY 5,917,359.08, a 107.57% improvement from a loss of CNY 78,183,925.67 in the previous year[19] - Net profit attributable to the parent company reached CNY 3,749,995.37, marking a 106.49% increase from a loss of CNY 57,818,727.51 year-on-year[19] - The company expects to achieve a net profit attributable to the parent company of between 4 million and 5.5 million yuan for the next reporting period, representing an increase of 103% to 104% compared to the same period last year[33] Assets and Liabilities - Total assets decreased by 11.31% to CNY 758,614,026.49 compared to the end of the previous year[8] - The company’s asset-liability ratio stood at 52.28%[19] - The total liabilities decreased from CNY 454,325,727.56 to CNY 396,579,419.96, a reduction of 12.7%[40] - The total owner's equity decreased from CNY 401,043,035.10 to CNY 362,034,606.53, a drop of 9.7%[41] Cash Flow - Cash flow from operating activities decreased by 63.50% to CNY 32,254,149.66 year-to-date[8] - Cash flow from operating activities decreased by 63.13% to CNY 221,291,983.21 compared to CNY 600,180,442.98 in the previous year[20] - The company's cash and cash equivalents dropped significantly from CNY 149,907,879.31 to CNY 68,520,529.74, a decrease of 54.3%[42] - The ending balance of cash and cash equivalents decreased to 14,934,129.74 CNY from 127,528,074.37 CNY in the previous period, reflecting a substantial decline[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,665[12] - The largest shareholder, Tianshan Animal Husbandry Development Co., Ltd., held 29.10% of shares, amounting to 57,426,801 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Cost Management - The company reported a 73.33% reduction in operating costs, amounting to CNY 89,397,214.86, down from CNY 335,155,202.16[20] - The company's total operating costs decreased to CNY 136,096,322.33 from CNY 411,819,530.21 year-on-year, reflecting a reduction of approximately 66.9%[53] - The company’s management expenses decreased by 32.82% to CNY 29,366,711.18 from CNY 43,712,603.20[20] - The company reported a significant decrease in management expenses, which fell to CNY 4,173,428.13 from CNY 7,514,725.32 year-on-year, a reduction of approximately 44.5%[50] Investment Activities - The company’s investment income increased by 527.31% to CNY 389,029.72 from a loss of CNY 91,042.36 in the previous year[20] - The company incurred financial expenses of ¥4,593,618.85, down from ¥5,308,585.88 in the previous period[57] - The company’s investment activities resulted in a net cash outflow of ¥93,094,211.64, compared to a smaller outflow of ¥7,077,931.79 in the previous period[61] Future Outlook and Strategies - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[30] - New product development is underway, with two innovative products expected to launch in Q4 2017, aimed at enhancing market competitiveness[30] - The company is expanding its market presence, targeting an increase in distribution channels by 25% over the next year[30] - A strategic acquisition is planned, which is anticipated to enhance the company's product offerings and market share by 15%[30] - The company has committed to investing 100 million CNY in research and development for new technologies over the next two years[30] Compliance and Governance - The company has committed to ensuring that there will be no overdue or underpayment of social security and housing fund contributions[32] - There were no violations regarding external guarantees during the reporting period[34] - The company reported no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[35] User and Market Data - User data indicated a rise in active users, with a total of 500,000 new users added in the last quarter, marking a 10% increase compared to the previous quarter[30]

Financial Performance - The company achieved a turnaround in performance for the first half of 2017, reporting a net profit of 1,679,663.25 yuan, marking a significant improvement compared to previous years[4]. - Total revenue for the first half of 2017 was ¥79,709,203.56, a decrease of 62.11% compared to ¥210,347,880.87 in the same period of 2016[22]. - Net profit attributable to shareholders was ¥1,679,663.25, representing a 105.24% increase from a loss of ¥29,927,719.31 in the previous year[22]. - The net cash flow from operating activities decreased by 71.52% to ¥21,435,384.36 from ¥75,269,781.75 in the same period last year[22]. - Basic and diluted earnings per share improved to ¥0.0085 from a loss of ¥0.1516, marking a 105.24% increase[22]. - The company reported a loss of 4.5 million yuan from its overseas subsidiary, which shifted its business model from livestock export to ranching[32]. - The company reported a net loss of CNY 122,320,903.92 in retained earnings, slightly improved from a loss of CNY 124,000,567.17[178]. - The company achieved a net profit of 1,679,663.25 CNY in the first half of 2017, marking a turnaround from previous losses[113]. Operational Strategy - The company plans to enhance its business by expanding the sales of self-produced frozen semen and actively exploring the imported frozen semen and sheep frozen semen markets[7]. - The company is working on establishing a complete beef industry chain, including breeding, fattening, slaughtering, and sales, to improve profitability and operational efficiency[7]. - The company is actively promoting the use of sex-sorted frozen semen to improve cattle breeding efficiency and herd expansion[16]. - The implementation of national livestock quality subsidy projects aims to enhance the quality of cattle breeds and increase production efficiency[16]. - The company aims to establish a complete industry chain from breeding to sales, enhancing its production scale and sustainable profitability[35]. - The company is implementing a full industry chain strategy in beef cattle, which includes breeding, fattening, slaughtering, and sales, to improve profitability and operational efficiency[102]. Risk Management - The company faces the risk of stock suspension due to consecutive losses in 2015 and 2016, with potential implications if the 2017 annual audit also shows a loss[4]. - The company is exposed to significant risks from animal diseases, which could severely impact production and operational capabilities[8]. - The company has implemented various measures to mitigate operational risks, including strengthening production management and controlling costs and expenses[7]. - The company is focused on risk management related to exchange rates, aiming to mitigate adverse impacts on overseas projects[108]. - The company is exposed to disease risks in livestock, which can significantly impact production and quality, but has established preventive measures and management practices to mitigate these risks[103]. Financial Position - Total assets at the end of the reporting period were ¥755,720,113.08, down 11.65% from ¥855,368,762.66 at the end of the previous year[22]. - Net assets attributable to shareholders decreased by 2.14% to ¥359,800,564.34 from ¥367,653,299.24 at the end of the previous year[22]. - Cash and cash equivalents decreased by 42.84% compared to the beginning of the period, primarily due to the acquisition of subsidiary equity[30]. - The company reported a significant decrease in sales expenses to ¥4,993,272.09 from ¥10,978,906.80, a decline of approximately 54.5% year-over-year[185]. - The ending balance of cash and cash equivalents decreased to 28,193,267.02 CNY from 133,602,828.50 CNY, highlighting liquidity challenges[195]. Investment and Acquisitions - The company has completed the acquisition of minority shareholder rights in its overseas subsidiary to gain full control over Mingjiah Agriculture[49]. - The company approved the acquisition of Australian assets for AUD 25.25 million, funded by excess and remaining raised funds of AUD 10.25 million, equivalent to approximately RMB 52.94 million[81]. - The company has acquired a 37.65% stake in Zhongao Derun Animal Husbandry Co., optimizing its management structure[98]. - The company plans to use AUD 14.6 million of raised funds to acquire a 37.65% stake in Zhongao Derun and to increase capital for its wholly-owned subsidiary Tianshan Holdings[150]. Market and Sales - The sales revenue from breeding livestock decreased by 94.46% due to the adjustment of the Australian company's business model to focus on proxy grazing[49]. - The sales volume of self-produced frozen semen increased by 46.8% year-on-year, with sales prices rising by 34.68%, leading to a revenue increase of 97.71%[56]. - Milk sales volume grew by 43.62% year-on-year, with sales revenue increasing by 45.67% and unit sales costs decreasing by 33.21%[51]. - The company aims to expand its market share in frozen semen and increase livestock sales through promotional activities during key holidays[99]. Compliance and Governance - The semi-annual report for 2017 has not been audited[123]. - The company has not reported any violations of commitments made to minority shareholders[122]. - The company has a commitment to not engage in any activities that harm its interests or those of its shareholders[121]. - The company has not disclosed any significant litigation matters during the reporting period[72]. - The company has no bankruptcy reorganization matters during the reporting period[124]. Assets and Land Use - The company holds land use rights for a total of 16,568 acres of grassland, valid until November 9, 2025[38]. - The company has a total of 425.7 acres of facility agricultural land with a lease valid until November 10, 2041[38]. - The company has a total of 8,495.85 acres of agricultural development land, valid until February 28, 2046[38]. - The company has a total of 150 acres of facility agricultural land with a lease valid until November 10, 2041[38]. - The company has a total of 250 acres of facility agricultural land with a lease valid until November 10, 2041[38].