Financial Performance - Operating revenue for the first quarter of 2022 was CNY 23,450,007.48, an increase of 42.37% year-on-year, primarily due to new contracts signed amounting to CNY 43 million [14]. - Net profit attributable to shareholders for the first quarter was a loss of CNY 16,969,310.07, which is an improvement of 15.89% compared to the same period last year [12]. - Basic earnings per share for the period was -CNY 0.11, an increase of 38.89% compared to the same period last year [14]. - Total revenue for Q1 2022 reached ¥23,450,007.48, a significant increase from ¥16,471,736.74 in Q1 2021, representing a growth of approximately 42.0% [42]. - Operating profit for Q1 2022 was reported at -¥20,766,302.98, an improvement compared to -¥23,759,985.42 in Q1 2021, indicating a reduction in losses [43]. - Net profit for Q1 2022 was -¥16,969,310.07, compared to -¥20,174,314.94 in Q1 2021, reflecting a decrease in net losses by approximately 15.5% [43]. - Operating revenue for Q1 2022 reached ¥20,764,579.92, a significant increase of 54.8% compared to ¥13,408,963.79 in Q1 2021 [46]. - Net profit for Q1 2022 was a loss of ¥12,581,622.53, an improvement from a loss of ¥18,923,293.90 in Q1 2021, reflecting a reduction in losses by 33.5% [47]. Assets and Liabilities - Total assets as of March 31, 2022, were CNY 514,428,005.51, a decrease of 11.20% compared to the end of the previous year [12]. - The company's total assets decreased from CNY 579,318,067.50 to CNY 514,428,005.51 [38]. - Total current liabilities decreased from CNY 107,526,424.11 to CNY 66,930,834.87 [37]. - Total liabilities decreased to ¥55,365,034.40 from ¥96,324,650.45, a reduction of approximately 42.6% [41]. - Shareholders' equity totaled ¥424,128,479.82 as of March 31, 2022, down from ¥436,710,102.35, a decrease of about 2.9% [41]. - As of the reporting period, the company had restricted assets totaling CNY 51,322,555.49, accounting for 9.98% of total assets [32]. - The company has a mortgage on fixed assets valued at CNY 44,101,900.98, primarily for bank credit guarantees [32]. Cash Flow - The net cash flow from operating activities was -CNY 36,070,070.20, a decrease of 208.22% year-on-year, mainly due to increased cash payments related to operating activities [14]. - Cash flow from operating activities for Q1 2022 was negative at ¥36,070,070.20, worsening from a negative cash flow of ¥11,702,821.76 in Q1 2021 [50]. - The net cash increase for the period was negative at ¥-88,740,265.50 in Q1 2022, compared to ¥-14,069,425.41 in Q1 2021, indicating a challenging cash flow environment [51]. - Cash outflow from investing activities in Q1 2022 was ¥42,379,101.30, significantly higher than ¥2,167,375.20 in Q1 2021, indicating increased investment activity [50]. - The company incurred financing cash outflows of ¥22,309,735.10 in Q1 2022, compared to ¥215,000.00 in Q1 2021, reflecting changes in financing strategy [51]. Shareholder Information - The number of ordinary shareholders as of the report date was 17,229 [19]. - The company has a total of 69,971,463 shares held by the top ten shareholders, representing 45.62% of the total shares [21]. - Huang Huahua is the largest shareholder with 25,286,468 shares, accounting for 16.49% of the total shares [20]. Corporate Governance and Compliance - The company has not engaged in any external borrowing or significant related party transactions during the reporting period [24]. - The company has timely disclosed all required information regarding its external guarantees and related transactions [24]. - The company has maintained compliance with all regulatory requirements regarding major events and disclosures [24]. - The company has not faced any investigations or penalties during the reporting period [24]. - The company has not implemented any employee incentive plans or share buyback programs during the reporting period [24]. - There were ongoing litigation matters, but the amounts did not meet the threshold for significant disclosure [25]. Research and Development - Research and development expenses for Q1 2022 were ¥2,645,078.15, significantly higher than ¥1,490,957.02 in Q1 2021, indicating an increase of approximately 77.0% [42]. - Research and development expenses increased to ¥2,093,550.19 in Q1 2022, up 114.3% from ¥977,546.42 in Q1 2021, indicating a strong focus on innovation [46].

Company Overview - The company became one of the first listed enterprises on the Beijing Stock Exchange on November 15, 2021[4]. - The company was listed as one of the first batch of high-tech enterprises in Chongqing in 2021[4]. - The company aims to develop into an internationally renowned engineering company, focusing on engineering surveying and design, supported by technological research and development, with breakthroughs in government and energy-saving projects[124]. Financial Performance - The company's operating revenue for 2021 was CNY 228,192,749.01, representing a 5.24% increase compared to CNY 216,829,342.09 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 27,395,200.45, which is a 7.13% increase from CNY 25,571,961.76 in 2020[29]. - The total assets at the end of 2021 amounted to CNY 579,318,067.50, reflecting a 53.75% increase from CNY 376,788,632.81 at the beginning of the year[31]. - The total liabilities increased by 20.82% to CNY 115,798,371.89 in 2021 from CNY 95,843,827.65 in 2020[31]. - The company's equity attributable to shareholders rose by 64.99% to CNY 463,519,695.61 in 2021 from CNY 280,944,805.16 in 2020[31]. - The gross profit margin for 2021 was 42.44%, up from 39.44% in 2020[29]. - The weighted average return on equity for 2021 was 8.59%, down from 9.54% in 2020[29]. - The company's current ratio improved to 4.27 in 2021 from 2.78 in 2020[31]. - The interest coverage ratio for 2021 was 23.87, significantly lower than 43.28 in 2020[32]. - The net cash flow from operating activities for 2021 was -4,590,386.92, a decrease of 335.20% compared to 2020[34]. - The total share capital at the end of 2021 was 153,387,002 shares, reflecting a 33.38% increase from the beginning of the year[37]. Assets and Liabilities - As of December 31, 2021, the company's accounts receivable amounted to 240.40 million yuan, accounting for 41.50% of total assets[13]. - Accounts receivable rose by 28.99% to 240.40 million yuan, indicating a growing demand for the company's services[71]. - The company has a significant amount of accounts receivable, valued at 240.40 million yuan, accounting for 41.50% of total assets, which poses a risk if macroeconomic conditions worsen[132]. - The company has implemented a robust bad debt provision policy to mitigate risks associated with accounts receivable, ensuring sufficient reserves[132]. Awards and Recognition - The company received multiple awards for its engineering projects, including the second prize for the "Shenmu City Wulongkou Interchange Project" and the third prize for the "Shenmu City Dianta Bridge Project" in 2021[4]. - The company was recognized as a key enterprise for technological innovation in Jiangbei District, Chongqing, in December 2021[4]. - The company holds 9 invention patents, 74 utility model patents, and 14 software copyrights, reflecting ongoing investment in research and development[63]. Research and Development - The company added 27 new utility model patents and 1 software copyright during the reporting period[5]. - The company has established a comprehensive technical innovation system to enhance its research and development capabilities[58]. - Research and development expenses increased by 16.18% to $9.84 million, accounting for 4.31% of total revenue[74]. - The number of R&D personnel increased from 40 to 44, with the proportion of R&D staff to total employees rising from 6.51% to 6.93%[100]. - The company launched several new R&D projects, including a bridge health monitoring database and ecological protection for rocky slopes, with some projects already completed[103]. Market and Business Strategy - The company employs a "headquarters + branch" model to expand its business nationwide, focusing on customer needs and resource integration[55]. - The company actively explores new markets and promotes business development in line with its annual operational goals[60]. - The company is currently fulfilling commitments related to non-competition and related party transactions, which began in June 2015[153]. - The company is focused on modernizing urban infrastructure, including public transport and green building initiatives, aligning with national development goals[118]. Social Responsibility - The company actively organized collective COVID-19 vaccinations for employees to reduce infection risks[117]. - The company contributed funds to support flood relief efforts in Henan, demonstrating its commitment to social responsibility[117]. Governance and Compliance - The company has no reported incidents of shareholder or related party misappropriation of funds or assets during the reporting period[148]. - The company has established a commitment to ensure the accuracy and completeness of financial disclosure materials[155]. - The company has confirmed that all commitments made regarding the issuance of shares and listing are being fulfilled effectively[155]. Shareholder Information - The company has a total of 20,509 ordinary shareholders[166]. - The top three shareholders are Huang Huahua, Ma Wei, and Liu Lang, collectively holding 28.7986% of the voting shares[172]. - Huang Huahua holds 25,286,468 shares, representing 16.4854% of the total shares[168]. - The total shares held by the top ten shareholders amount to 74,946,869, which is 48.8612% of the total shares[169]. - The company has no controlling shareholder, as no single shareholder holds more than 50% of the shares[170].