二、本次担保履行的审批程序 凯添燃气于 2023 年 9 月 8 日召开第四届董事会第六次会议,审议通过了《关 于为全资子公司提供贷款担保的议案》。 根据《北京证券交易所股票上市规则(试行)》、公司《对外担保管理制度》 第八条的规定,该议案由公司董事会审议。 申万宏源证券承销保荐有限责任公司 关于宁夏凯添燃气发展股份有限公司对外担保的核查意见 申万宏源证券承销保荐有限责任公司(以下简称"申万宏源承销保荐"、"保 荐机构"）作为宁夏凯添燃气发展股份有限公司（以下简称"凯添燃气"、"公 司"）向不特定合格投资者公开发行股票并在北京证券交易所上市的保荐机构, 对凯添燃气履行持续督导义务，根据《北京证券交易所股票上市规则（试行）》、 《北京证券交易所上市公司持续监管办法(试行)》等相关法律法规的规定,对 凯添燃气对外担保事项发表核查意见如下: 一、本次担保的基本情况 2023 年度公司全资子公司宁夏凯添天然气有限公司拟继续向国家开发银行 宁夏分行办理流动资金贷款业务,融资额度为5000万元,期限一年,凯添燃气 为上述业务提供连带责任担保。 公司为子公司该笔贷款旨在支持子公司发展，不向子公司收取任何费用。 (以下无正文 ...

证券代码：831010 证券简称：凯添燃气 公告编号：2023-041 宁夏凯添燃气发展股份有限公司 第四届董事会第六次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2023 年 9 月 8 日 2.会议召开地点：公司二楼会议室 6.会议列席人员：全体监事及高级管理人员 7.召开情况合法、合规、合章程性说明： 本次会议的出席人数、召集、召开程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 董事唐旭、冯西平因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于为全资子公司提供担保的议案》 1.议案内容： 基于业务发展需要，公司全资子公司宁夏凯添天然气有限公司拟继续向国家 开发银行宁夏分行申请办理流动资金贷款业务，融资额度为 5000 万元，公司将 继续为本次银行贷款提供不可撤销连带责任担保。 3.会议召开方式：现场及 ...

提供担保的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 证券代码：831010 证券简称：凯添燃气 公告编号：2023-040 宁夏凯添燃气发展股份有限公司 一、担保情况概述 （一）担保基本情况 基于业务发展需要，公司全资子公司宁夏凯添天然气有限公司拟继续向国家 开发银行宁夏分行办理流动资金贷款业务，融资额度为 5000 万元，期限一年， 公司为本次银行贷款提供不可撤销的连带担保责任。 （二）是否构成关联交易 本次交易不构成关联交易。 （三）审议和表决情况 公司第四届董事会第六次会议审议通过了《关于为全资子公司提供担保的议 案》，表决结果为：同意 7 票，反对 0 票，弃权 0 票。该议案无需提交公司股 东大会审议通过。 二、被担保人基本情况 （一）法人及其他经济组织适用 四、董事会意见 （一）担保原因 1. 被担保人基本情况 被担保人名称：宁夏凯添天然气有限公司 是否为控股股东、实际控制人及其关联方：否 被担保人是否提供反担保：否 住所：宁夏贺兰工业园区丰庆西路 16 号 审计情况：是 三、担 ...

证券代码：831010 证券简称：凯添燃气 公告编号：2023-039 宁夏凯添燃气发展股份有限公司 第四届监事会第三次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 6.召开情况合法、合规、合章程性说明： 本次会议的出席人数、召集、召开程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于公司<2023 年半年度报告>及摘要的议案》 1.议案内容： 根据《北京证券交易所股票上市规则（试行）》、《关于做好上市公司 2023 年半年度报告披露相关工作的通知》等相关要求，公司监事会对公司《2023 年 1.会议召开时间：2023 年 8 月 22 日 2.会议召开地点：公司二楼会议室 3.会议召开方式：现场 4.发出监事会会议通知的时间和方式：2023 年 8 月 17 日 以通讯方式发出 5.会议主持人：监事会主席王安 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥253,743,671.99, representing a 20.22% increase compared to ¥211,065,608.29 in the same period last year[24]. - The net profit attributable to shareholders of the listed company decreased by 5.89% to ¥22,728,988.16 from ¥24,150,773.37 in the previous year[24]. - The gross profit margin improved to 20.39% from 18.95% year-on-year[24]. - The company achieved a revenue of 253.74 million yuan, representing a growth of 20.25% compared to the same period last year[35]. - The net profit for the period was 22.61 million yuan, a decrease of 6.40% year-on-year[35]. - Total operating revenue for the first half of 2023 reached ¥253.74 million, a 20.2% increase from ¥211.07 million in the same period of 2022[111]. - Net profit for the first half of 2023 was ¥22.61 million, a decrease of 6.4% compared to ¥24.15 million in the same period of 2022[112]. - The total profit for the first half of 2023 was ¥27.96 million, down 1.8% from ¥28.48 million in the same period of 2022[111]. Cash Flow and Financial Position - The net cash flow from operating activities turned negative at -¥4,550,610.24, a decline of 109.53% compared to ¥47,745,993.66 in the previous year[26]. - Cash and cash equivalents decreased by 37.62% compared to the beginning of the period, primarily due to equity distribution of 35.175 million yuan and an increase in accounts receivable[40]. - The ending cash and cash equivalents balance for the first half of 2023 was CNY 101,020,151.09, down from CNY 254,886,090.21 at the end of the first half of 2022[119]. - Net cash flow from operating activities for the first half of 2023 was CNY -4,550,610.24, a significant decline compared to CNY 47,745,993.66 in the first half of 2022[118]. - The company’s financing cash flow net amount decreased by 594.87% to -39.06 million yuan, mainly due to equity distribution of 35.175 million yuan[55]. Assets and Liabilities - Total assets decreased by 2.60% to 955.05 million yuan from 980.50 million yuan in the previous year[37]. - The total liabilities decreased by 3.83% to 339.87 million yuan[37]. - The company's asset-liability ratio (consolidated) was 35.59%, slightly down from 36.04% in the previous year[37]. - The company reported a significant increase in accounts receivable by 31.20% to 82.13 million yuan[38]. - Total liabilities decreased from ¥353,389,883.37 to ¥339,871,622.93, a decrease of about 3.5%[104]. Research and Development - Research and development expenses surged by 158.49% year-on-year, driven by new projects in photovoltaic hydrogen production and smart gas pipeline management[45]. - The company is collaborating with Guoneng Ningxia Heating Co., Ltd. on a distributed photovoltaic hydrogen production demonstration project[66]. Shareholder and Equity Information - The company completed a cash dividend distribution of ¥35,175,000.00, with a payout of ¥1.50 per 10 shares based on a total of 234,500,000 shares[6]. - The total number of ordinary shares is 234,500,000, with a slight decrease in the number of unrestricted shares from 161,061,228 to 161,026,603[81]. - Major shareholders include Gong Xiaoke with 22.76% and Kaitian Energy Equipment Co., Ltd. with 19.20%, collectively controlling 43.85% of the company[84]. - The company distributed a cash dividend of 1.50 RMB per 10 shares, totaling 35,175,000 RMB based on a total share capital of 234,500,000 shares[136]. Strategic Initiatives and Partnerships - The company rebranded "Chongqing Kaitian Gas Co., Ltd." to "Kaitian Energy (Chongqing) Technology Co., Ltd." to focus on energy storage technology development[5]. - The company signed a cooperation agreement with Kaitian Natural Gas to enhance brand influence and service quality in Ningxia[4]. - The company is actively involved in rural revitalization projects, providing LNG services to improve living conditions[64]. - The company is focused on expanding its market share in the liquefied natural gas sector through strategic partnerships[60]. Operational Challenges and Risks - The company faces challenges in attracting technical talent due to its operational regions being less developed compared to other areas[65]. - The company is exposed to LNG price fluctuations, which could adversely affect its financial performance if costs cannot be passed through to the market[66]. - The company is at risk of losing tax incentives if the Western Development policy is not extended or if urban gas is removed from the encouraged industry directory[66]. Corporate Governance and Compliance - The company has no significant litigation or arbitration matters during the reporting period, with a total claim amount of 752,307.10 yuan, accounting for 0.12% of the net assets[69]. - There were no instances of shareholders or related parties occupying or transferring the company's funds, assets, or other resources during the reporting period[75]. - The company has commitments from key personnel to avoid competition and reduce related party transactions, ensuring compliance with corporate governance[76]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle, reflecting the company's historical profitability and financial resources[140][141]. - The company adheres to the accounting policies and estimates that include revenue recognition and measurement, and the capitalization of research and development expenses[142]. - The company’s financial statements comply with the requirements of the enterprise accounting standards, providing a true and complete reflection of its financial status[143].

Technology Development - The company has developed an integrated mobile natural gas liquefaction device, which is highly intelligent and modular, allowing for on-site purification and liquefaction of various gas sources [14]. - The company has invested heavily in technology development for the mobile liquefaction device, with ongoing funding for trials and demonstration projects, but has yet to achieve industrialization [14]. - The company is developing a natural gas wall-hung boiler technology aimed at improving thermal efficiency and promoting advanced energy-saving technologies [94]. - The NBIoT gas meter project has completed acceptance as of June 2022, enhancing the company's product line with 12 intellectual property rights [96]. - The company is conducting research on a photovoltaic hydrogen production project, which is currently in the experimental stage, aimed at reducing carbon emissions [96]. - The company has signed cooperation agreements with Ningxia University and Donghua University for research on energy-saving technologies related to natural gas wall-hung boilers [97]. - The company is committed to integrating into national new energy development strategies, focusing on technology research and innovation [108]. Financial Performance - The company's operating revenue for 2022 was RMB 452.23 million, a decrease of 1.53% compared to RMB 459.27 million in 2021 [29]. - The net profit attributable to shareholders for 2022 was RMB 56.79 million, down 21.45% from RMB 72.30 million in 2021 [29]. - The gross profit margin for 2022 was 23.24%, a decline from 25.37% in 2021 [29]. - The total assets at the end of 2022 were RMB 980.50 million, a decrease of 13.10% from RMB 1,128.29 million at the end of 2021 [30]. - The total liabilities decreased by 35.31% to RMB 353.39 million in 2022 from RMB 546.29 million in 2021 [30]. - The net asset attributable to shareholders increased by 7.77% to RMB 627.21 million in 2022 from RMB 581.99 million in 2021 [30]. - The basic earnings per share for 2022 was RMB 0.24, a decrease of 22.58% compared to RMB 0.31 in 2021 [29]. - The cash flow from operating activities for 2022 was RMB 97.53 million, an increase of 7.86% from RMB 90.42 million in 2021 [32]. - The company reported a net profit growth rate of -21.58% for 2022 compared to a growth rate of 15.73% in 2021 [33]. - The company's cash and cash equivalents decreased by 30.59% from 233,323,810.32 yuan in 2021 to 161,939,451.09 yuan in 2022, representing 16.52% of total assets [49]. Market and Industry Risks - The company reported a significant reliance on the pricing mechanism of pipeline natural gas, where the sales price is determined by local pricing authorities, impacting overall performance [13]. - LNG prices are subject to market fluctuations, which could adversely affect the company's financial performance if costs cannot be passed on to end consumers [15]. - The company is facing risks related to fluctuations in gas installation business, which is closely tied to urbanization and industrialization in its operational areas [13]. - The company’s gas sales price has limited upward flexibility, which could impact profit margins if upstream gas prices rise significantly [13]. - The company faces policy risks related to the pricing mechanism of pipeline natural gas, which could significantly impact overall performance [111]. Safety and Management - The company emphasizes the importance of safety management in gas operations to prevent potential accidents, which could lead to substantial losses [14]. - The company aims to enhance safety management and training to prevent accidents, emphasizing the importance of safety in gas operations [109]. - The company has established a training management system to ensure safety training for all new employees before they start work [177]. Strategic Initiatives - The company is exploring strategic partnerships for distributed photovoltaic hydrogen production projects, aligning with national "dual carbon" economic goals [14]. - The company plans to invest approximately ¥200 million in a new project in Guizhou Province, which has been delayed due to land use issues [73]. - The company has established a project working group to oversee the preparation and implementation of new projects [119]. - The company is actively coordinating with local government departments to facilitate project progress and address policy delays [119]. Subsidiaries and Investments - The company has four wholly-owned subsidiaries and one controlling subsidiary, focusing on gas supply and related services [78]. - The company invested in Guizhou Pipeline New Energy Co., Ltd., holding a 33% stake, to expand its market share in the natural gas liquefaction service sector [82]. - The total investment in the Yinchuan emergency peak-shaving project reached ¥575,577,424.78, with a current year's input of ¥127,196,081.11 [73]. Governance and Compliance - The company has no significant related party transactions during the reporting period [132]. - The company has fulfilled its commitment to reduce the proportion of related party transactions and increase revenue from unrelated customers [135]. - The company has established an investor relations management system to enhance communication with investors and shareholders [196]. - The company's governance structure includes a strategic committee, audit committee, remuneration committee, and nomination committee to ensure effective oversight [197]. - The independent directors participated in all board and committee meetings and provided independent opinions on various topics, with all reasonable suggestions being actively considered and adopted by the management [199].

Financial Performance - Operating revenue for Q1 2023 was CNY 150,917,463.41, representing a 21.23% increase compared to Q1 2022[11] - Net profit attributable to shareholders for Q1 2023 was CNY 9,552,272.11, a decrease of 23.91% year-over-year[11] - Total revenue for the period reached 156,774,792, with a year-on-year increase of 66.85%[21] - The company reported a net profit margin of 72,776,147, reflecting strong operational efficiency[21] - The company's operating profit for the first quarter of 2023 was 11,140,704.81, a decrease of 24.0% compared to 14,804,768.80 in the same period of 2022[45] - Net profit for Q1 2023 was 9,407,914.52, down 25.0% from 12,554,330.78 in Q1 2022[45] - Basic and diluted earnings per share for Q1 2023 were both 0.04, compared to 0.05 in Q1 2022, reflecting a 20.0% decrease[46] - The total comprehensive income for Q1 2023 was 9,407,914.52, down 25.0% from 12,554,330.78 in Q1 2022[45] Assets and Liabilities - Total assets as of March 31, 2023, reached CNY 985,934,545.82, a 0.55% increase from the end of 2022[11] - The company's asset-liability ratio (consolidated) was 35.40% at the end of Q1 2023, down from 36.04% at the end of 2022[11] - Total liabilities were CNY 218,500,531.53, slightly decreased from CNY 222,826,247.25, showing a reduction of about 1.46%[36] - Total liabilities as of March 31, 2023, were ¥5,637,346.28, an increase from ¥4,886,102.41 at the end of 2022[41] - Shareholders' equity totaled ¥590,268,461.90 as of March 31, 2023, compared to ¥590,046,545.63 at the end of 2022[42] Cash Flow - Net cash flow from operating activities improved by 331.08% year-over-year, primarily due to increased sales receipts[14] - The net cash flow from operating activities for Q1 2023 was -9,380,468.80, compared to -187,249.06 in Q1 2022, indicating a significant decline in cash generation[53] - Total cash outflow from operating activities amounted to 11,420,725.19 in Q1 2023, up from 2,428,661.43 in Q1 2022, reflecting increased operational expenses[53] - Cash inflow from investment activities in Q1 2023 was 10,000,000.00, while cash outflow was 3,503,883.50, resulting in a net cash flow of 6,496,116.50, contrasting with a net outflow of -85,912.58 in Q1 2022[53] - The company reported a net decrease in cash and cash equivalents of -2,884,352.30 in Q1 2023, compared to -273,161.64 in Q1 2022, indicating worsening liquidity[54] Research and Development - Research and development expenses increased by 71.63% year-over-year, reflecting the company's investment in R&D personnel and projects[13] - R&D expenses for Q1 2023 were ¥819,568.42, up from ¥477,524.11 in Q1 2022, indicating increased investment in innovation[44] - Research and development expenses for Q1 2023 were 819,568.42, an increase of 71.7% from 477,524.11 in Q1 2022, highlighting a focus on innovation[47] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,054[18] - The largest shareholder, Gong Xiaoke, holds a 70% stake in the company, while Mu Yunfei holds 30%[21] - There are no significant related party transactions or conflicts among the top ten shareholders beyond familial relationships[21] Commitments and Guarantees - The company has provided guarantees totaling 253,000,000, with a guarantee responsibility of 233,000,000[26] - The company has fulfilled all disclosed commitments in a timely manner, ensuring compliance with regulatory requirements[24] - The company is currently fulfilling its commitments regarding related party transactions and guarantees[31] - The company has made a commitment to ensure that the management team complies with the constraints outlined in the public offering prospectus[29] Market Strategy - The company is actively pursuing market expansion strategies, although specific new products or technologies were not detailed in the call[24] - The company plans to expand its market presence and invest in new technologies to drive future growth[45]

Financial Performance - Total revenue for 2022 was approximately ¥455.08 million, a decrease of 0.91% compared to the previous year[4] - Net profit attributable to shareholders was approximately ¥60.02 million, down 16.99% year-over-year[4] - Basic earnings per share decreased to ¥0.26, a decline of 17.44% from the previous year[4] - The net profit after deducting non-recurring gains and losses was approximately ¥56.16 million, down 20.44% year-over-year[4] Assets and Equity - Total assets at the end of the reporting period were approximately ¥1.16 billion, an increase of 2.95% year-over-year[5] - Shareholders' equity attributable to the company increased to approximately ¥630.33 million, up 8.30% from the beginning of the period[5] - The company's net asset per share increased to ¥2.69, reflecting an 8.30% growth compared to the previous year[5] Impact Factors - The decline in revenue and net profit was primarily due to the impact of the pandemic on the construction rates of real estate companies, leading to a decrease in gas installation revenue[7] - The company faced reduced profit margins in natural gas sales due to the need to procure LNG from external sources to meet user demand[7] Financial Reporting - The financial data presented is preliminary and has not been audited, with final figures to be disclosed in the annual report[8]

Financial Performance - Net profit attributable to shareholders for the first three quarters of 2022 was RMB 49,835,160.64, a decrease of 1.47% year-on-year[15]. - Operating income for the first three quarters of 2022 was RMB 309,473,769.05, reflecting a slight increase of 0.33% compared to the same period last year[15]. - The company reported a total current assets of ¥375,594,648.71 as of September 30, 2022, compared to ¥348,709,033.00 at the end of 2021, indicating an increase of approximately 7.5%[43]. - Total operating revenue for Q3 2022 was $98.41 million, a slight decrease of 0.86% compared to $99.26 million in Q3 2021[52]. - Total profit for the first nine months of 2022 was $58.90 million, a decrease of 1.45% from $59.76 million in the same period of 2021[53]. - Net profit for Q3 2022 was $25.68 million, representing a 25.00% increase from $20.48 million in Q3 2021[53]. - Operating profit for Q3 2022 increased to $30.41 million, up 26.67% from $24.02 million in Q3 2021[53]. - The company reported a decrease in management expenses for the first nine months of 2022, totaling 4,780,671.23, up from 3,228,314.92 in the same period of 2021[57]. Cash Flow - The net cash flow from operating activities increased by 93.20% year-on-year, amounting to RMB 59,324,091.89[15]. - Cash flow from operating activities for the first nine months of 2022 was 59,324,091.89, an increase of 93.1% compared to 30,706,030.93 in the same period of 2021[61]. - Cash flow from investing activities for the first nine months of 2022 was -71,170,573.46, an improvement from -165,310,454.74 in the same period of 2021[62]. - Cash outflow from investment activities totaled 1,241,242.29, down from 2,871,504.79 in the previous year[65]. - Cash flow from financing activities for the first nine months of 2022 was 2,617,333.33, a decrease of 97.6% compared to 111,645,138.88 in the same period of 2021[62]. - The ending cash and cash equivalents balance decreased to 2,363,955.90 from 3,587,867.50 year-over-year[66]. Assets and Liabilities - Total assets as of September 30, 2022, reached RMB 1,251,893,526.50, an increase of 10.95% compared to the end of the previous year[15]. - Total liabilities reached CNY 620,459,172.59, up from CNY 546,294,963.10, marking an increase of around 13.5%[45]. - Current liabilities rose to CNY 265,233,689.69, compared to CNY 151,075,986.53, indicating a significant increase of approximately 75.5%[44]. - The company has pledged fixed assets worth ¥141,031,676.73, which accounts for 11.27% of total assets, as part of loan collateral[37]. - The company has a total of ¥241,184,354.91 in assets under restriction, representing 19.27% of total assets[37]. Shareholder Information - The total number of unrestricted shares increased from 160,814,828 to 161,061,228, representing a change of 246,400 shares, which is an increase of 0.68%[23]. - The top shareholder, Gong Xiaoke, holds 53,380,000 shares, accounting for 22.76% of the total shares[25]. - The second-largest shareholder, Kaitian Energy Equipment Co., Ltd., holds 45,015,500 shares, representing 19.20% of the total shares[25]. - The number of shareholders holding more than 5% of shares is concentrated among the top ten shareholders, who collectively hold 156,989,450 shares, or 66.95% of the total[25]. Investments and Financial Products - The company reported a significant increase of 353.63% in trading financial assets compared to the beginning of the year, attributed to investments in low-risk financial products[17]. - Total amount of financial products purchased reached ¥162,880,000, with an unexpired balance of ¥46,415,030.79[32]. - The company has invested ¥60,000,000 in the "农银时时付" open-ended RMB financial product, with an unexpired balance of ¥20,000,000[32]. - The company holds ¥40,000,000 in the "民生天天增利对公款理财产品," with an unexpired balance of ¥15,000,000[32]. - The total overdue uncollected amount for financial products is ¥0, indicating no overdue issues[32]. Commitments and Legal Matters - The company has a commitment to not engage in competitive business, which is currently being fulfilled[33]. - The actual controller has a lock-up commitment that is currently being fulfilled, as detailed in the public offering prospectus[33]. - The company has made a commitment regarding false statements leading to share repurchase, which is currently being fulfilled[34]. - The company is committed to regulating and reducing related party transactions, which is currently being fulfilled[34]. - The company has ongoing litigation with a cumulative amount of 973,662.85 yuan, which represents 0.15% of the net assets at the end of the period[30].

Project Developments - The emergency peak-shaving gas storage facility project in Yinchuan has been completed and is set to start liquid storage operations in September[4]. - The company is actively developing the Yinchuan emergency gas storage project, which includes two 40,000 cubic meter storage tanks and a gasification device with a capacity of 50,000 cubic meters per hour, currently preparing for trial production[34]. - The company is developing a "mobile natural gas liquefaction device" that integrates purification and liquefaction, aiming to provide LNG liquefaction services and generate low-cost LNG for business expansion[11]. - The company is collaborating with Guoneng Ningxia Heating Co., Ltd. to develop distributed photovoltaic hydrogen production projects, which may face risks related to project approvals and market conditions[12]. Financial Performance - The company's operating revenue for the first half of 2022 was RMB 211,065,608.29, a slight increase of 0.90% compared to RMB 209,193,220.68 in the same period last year[24]. - The net profit attributable to shareholders decreased by 19.77% to RMB 24,150,773.37 from RMB 30,100,508.96 year-on-year[24]. - The gross profit margin fell to 18.95% from 23.29% in the previous year[24]. - The company's cash flow from operating activities saw a significant increase of 123.48%, reaching RMB 47,745,993.66 compared to RMB 21,364,340.59 in the same period last year[26]. - The company reported a non-recurring profit and loss of RMB 2,164,218.06 after tax[28]. - The company achieved operating revenue of 211.07 million yuan, a year-on-year increase of 0.90%, while net profit decreased by 19.77% to 24.15 million yuan[33]. Risks and Challenges - The company faces risks related to the pricing mechanism of pipeline natural gas, which could significantly impact overall performance due to the inability to adjust sales prices in line with procurement costs[10]. - The fluctuation in LNG prices poses a risk, as the company cannot guarantee the ability to pass on procurement costs to the end market if prices rise significantly[12]. - The company is subject to tax incentives under the Western Development policy, which may be at risk if the policy is not extended or if the industry is removed from the encouraged categories[11]. - The company’s gas installation business is sensitive to urbanization and industrialization trends, which could impact installation volumes and overall revenue[10]. - The company acknowledges risks associated with the implementation of fundraising investment projects, which may be affected by market conditions and government policies[71]. - LNG prices are subject to market fluctuations, which could adversely impact the company's financial performance if costs cannot be passed on to end customers[73]. Operational Strategies - The company plans to enhance its internal management by training young employees to improve their business skills and overall quality[34]. - The company plans to mitigate pricing risks by developing new users and improving service systems[63]. - The company is addressing installation business volatility risks due to potential fluctuations in urbanization and industrialization[64]. - The company aims to enhance its talent acquisition strategy to attract specialized technical personnel for its "gas equipment + service" business[67]. - The company is focused on improving its operational capabilities to mitigate risks associated with tax incentives and project implementation[68]. - The company plans to continue focusing on market expansion and new product development to drive future growth[126]. Shareholder and Equity Information - The company has a total share capital of 234,500,000 shares, with no preferred shares issued[18]. - The company’s total equity structure remains at 234,500,000 shares, with a significant portion being released from restrictions during the reporting period[95]. - The largest shareholder, Gong Xiaoke, holds 53,380,000 shares, representing 22.76% of the total shares[98]. - The second largest shareholder, Kaitian Energy Equipment Co., Ltd., holds 45,015,500 shares, accounting for 19.20% of the total shares[98]. - The total number of shares held by the top ten shareholders is 157,152,043, which is 67.02% of the total shares[98]. - The company reported a significant increase in the number of shareholders, reaching 14,624 during the reporting period[95]. Compliance and Governance - The company has not undergone an audit for this semi-annual report, and the financial data presented is not guaranteed by an external auditor[8]. - The board of directors remains stable with no changes in key positions during the reporting period, ensuring continuity in leadership[113]. - The company has not executed any profit distribution or capital increase from reserves during the reporting period, maintaining its earnings for reinvestment[109]. - The company has committed to maintaining compliance with regulations regarding related party transactions, which is currently being fulfilled[85]. Cash Flow and Liquidity - The company's cash and cash equivalents increased by 9.24% to 254.89 million yuan, representing 21.76% of total assets[39]. - The company reported a total current asset of CNY 351,095,555.28 as of June 30, 2022, compared to CNY 348,709,033.00 at the end of 2021, indicating a slight increase in liquidity[120]. - The cash and cash equivalents increased significantly to CNY 254,886,090.21 from CNY 233,323,810.32, reflecting a growth of approximately 9.5%[120]. - The ending cash and cash equivalents balance was CNY 254,886,090.21, down from CNY 330,733,968.08 in the previous year[132]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, supported by recent profitable operations and financial resources[154]. - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial position and operating results accurately[156]. - The company has not reported any changes in accounting policies or prior period error corrections during the current period[136]. - The company applies the cost method for investments in subsidiaries and the equity method for investments in joint ventures[199].