Meishang Ecological Landscape Co., Ltd. (hereinafter referred to as "the Company") has had its 2023 annual financial statements audited by Beijing Chengyu Accounting Firm (Special General Partnership), which issued an audit report with a disclaimer of opinion (Chengyu Audit No. 0070, 2024). The Company hereby reports its 2023 annual financial settlement as follows:
I. Key Financial Indicators for 2023
Unit: RMB
| Item | 2023 | 2022 | Change from Previous Year |
|---|---|---|---|
| Operating Income | 87,501,348.38 | 132,924,329.78 | -34.17% |
| Net Profit Attributable to Shareholders of the Listed Company (RMB) | -544,921,147.41 | -686,985,732.19 | 20.68% |
| Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses (RMB) | -449,744,356.13 | -735,820,059.72 | 38.88% |
| Net Cash Flow from Operating Activities (RMB) | 10,381,031.61 | 135,510,492.71 | -92.34% |
| Basic Earnings per Share (RMB/share) | -0.8082 | -1.0188 | 20.67% |
| Diluted Earnings per Share (RMB/share) | -0.8082 | -1.0188 | 20.67% |
| Weighted Average Return on Net Assets | -98.21% | -65.77% | -32.44% |
| Item | End of 2023 | End of 2022 | Change from Previous Year |
|---|---|---|---|
| Total Assets (RMB) | 3,954,488,278.06 | 4,098,239,282.92 | -3.51% |
| Net Assets Attributable to Shareholders of the Listed Company (RMB) | 145,492,842.80 | 691,309,981.04 | -78.95% |
II. Analysis of Financial Condition in 2023
- Asset Structure
The main changes in asset items are as follows:
Unit: RMB
| Item | End Balance | Beginning Balance | Year-on-Year Change |
|------|-------------|------------------|---------------------|
| Cash and Cash Equivalents | 28,589,280.23 | 7,286,107.20 | 292.38% |
| Notes Receivable | 300,382.80 | - | 100.00% |
| Accounts Receivable | 619,235,031.77 | 602,546,277.49 | 2.77% |
| Other Receivables | 24,777,454.67 | 30,633,118.79 | -19.12% |
| Inventory | 66,159,610.42 | 86,995,224.64 | -23.95% |
| Contract Assets | 1,034,241,104.04 | 1,012,525,699.66 | 2.14% |
| Other Current Assets | 11,399,460.12 | 15,024,744.72 | -24.13% |
| Long-term Receivables | - | 23,705,518.11 | -100.00% |
| Long-term Equity Investments | 9,179,413.00 | 9,179,413.00 | 0.00% |
| Fixed Assets | 73,636,163.31 | 90,136,626.66 | -18.31% |
| Productive Biological Assets | 4,123,563.84 | 6,989,501.60 | -41.00% |
| Intangible Assets | 36,452,716.49 | 42,896,938.67 | -15.02% |
| Deferred Tax Assets | 177,975,192.21 | 166,122,349.79 | 7.14% |
| Other Non-current Assets | 1,867,704,015.16 | 2,004,197,762.59 | -6.81% |
| Total Assets | 3,954,488,278.06 | 4,098,239,282.92 | -3.51% |