Financial Performance - The total profit for the company was reported at -53,372,229.54 RMB, compared to a profit of 21,777,779.89 RMB in the previous period[2] - The net profit attributable to ordinary shareholders was -4.92%, with basic and diluted earnings per share both at -0.10 RMB[30] - The company reported a net profit of RMB 18,315,155.10, a significant increase compared to the previous year's net profit of RMB 12,741.17[40] - The company reported a net loss of RMB 76,251,997.64 for 2023, a decline from a net profit of RMB 13,775,869.68 in 2022[122] - The company reported a net loss of $75.19 million for the year, contrasting with a net income of $17.26 million in 2022[134] Revenue and Income - Total revenue for the year was RMB 1,094,185,563.55, showing a decrease from RMB 1,163,154,426.08 in the previous year, representing a decline of approximately 5.93%[41] - The total operating revenue for 2023 was RMB 1,405,495,692.08, an increase from RMB 1,372,261,232.14 in 2022[121] - Operating revenue for 2023 reached $1.41 billion, a slight increase from $1.37 billion in 2022, representing a growth of 9.1%[130] - The total income from the company's subsidiaries accounted for over 10% of the group's total revenue, exceeding RMB 100 million[157] Assets and Liabilities - The total assets increased from 2,434,589,099.53 RMB to 2,496,004,308.13 RMB, reflecting an adjustment of 61,415,208.60 RMB[22] - The total liabilities rose from 1,028,107,632.72 RMB to 1,082,843,575.40 RMB, with an increase in deferred tax liabilities of 54,735,942.68 RMB[22] - Current assets increased to $502.77 million from $336.63 million, a growth of 49.3% year-over-year[124] - Total liabilities increased to $1.43 billion, compared to $1.08 billion in 2022, reflecting a growth of 32.3%[127] Expenses - The company reported a total income tax expense of 22,879,768.10 RMB, compared to 8,001,910.21 RMB in the previous year[24] - Sales expenses rose by 44.70% to RMB 46,218,130.86, while management expenses increased by 18.32% to RMB 120,477,225.32, and R&D expenses grew by 39.45% to RMB 66,447,976.37[68] - The total operating costs for 2023 were RMB 1,444,884,526.48, compared to RMB 1,384,549,487.08 in the previous year[121] - Operating costs were $1.19 billion, compared to $1.19 billion in the previous year, indicating stable cost management[130] Market and Business Strategy - The company is focused on expanding its market presence through strategic acquisitions and partnerships, as indicated by the consolidation of multiple subsidiaries[4] - The company is actively pursuing international market opportunities, particularly along the "Belt and Road" initiative, with growth in Europe and Southeast Asia markets[85] - The company is focusing on expanding its market share in the hydrogen energy sector while also increasing efforts in non-hydrogen markets to fill production gaps[81] - The company has a clear strategy for market expansion and product development, aligning with the broader economic goals outlined in the national plan[172] Research and Development - The company has expanded its technical team and is developing new applications in robotics and visual technology to enhance business capabilities[52] - The company increased its R&D investment in the hydrogen energy sector, focusing on high-quality development and accelerating key projects like Type IV and liquid hydrogen bottles[86] - The company is advancing technology innovation, emphasizing the need for research breakthroughs in automation projects and integration of information software systems[200] Corporate Governance and Compliance - The company has implemented multiple measures to enhance corporate governance and compliance with laws and regulations, successfully completing the election of the 11th Board of Directors and Supervisory Board[175] - The company is committed to improving financial precision and enhancing tax risk control and accounting information quality management[199] Operational Efficiency - The company achieved a net cash flow from operating activities of RMB 5,223,758.74, a significant increase of 1,170.35% year-on-year[70] - The cash flow statement indicates a cash balance of RMB 453,381,964.55 at year-end, with a bad debt provision of RMB 68,320,018.83[44] - The company is maintaining a proactive approach to downstream demand, ensuring quick response capabilities and continuous development[200] Challenges and Risks - The company faced challenges due to ongoing geopolitical conflicts but managed to achieve growth in its international business, particularly in Southeast Asia[32] - The sales volume in 2023 decreased due to factors like the Russia-Ukraine conflict and trade frictions, with traditional cylinder sales declining significantly[91] - The company faced a credit impairment loss of RMB 5,077,178.43, which highlights the need for ongoing risk management[150]

Financial Performance - Q3 2023 operating revenue was CNY 389,769,513.07, a decrease of 2.68% compared to the same period last year[9] - Net profit attributable to shareholders was CNY -20,121,753.61, with a year-to-date total of CNY -49,812,689.63[9] - The net profit for the first three quarters of 2023 was a loss of CNY 60,380,155.02, contrasting with a profit of CNY 21,374,621.44 in the same period of 2022[120] - The total comprehensive income attributable to the parent company was -48,237,881.05 RMB, compared to 22,503,666.46 RMB in the previous period[141] - The diluted earnings per share were -0.09 RMB, down from 0.03 RMB in the previous period[135] Cash Flow - Cash flow from operating activities for the quarter was CNY 40,958,366.20, compared to CNY 34,491,467.55 in the previous year[9] - Cash inflow from operating activities totaled 896,420,131.73 RMB, compared to 1,047,829,695.65 RMB in the previous period[146] - Cash outflow from operating activities was 861,928,664.18 RMB, down from 1,091,492,783.33 RMB in the previous period[155] - The net cash flow from operating activities was 34,491,467.55 RMB, a significant improvement from -43,663,087.68 RMB in the previous period[151] - The net cash flow from investing activities was -73,706,838.09 RMB, compared to 35,051,073.81 RMB in the previous period[162] - The net cash flow from financing activities was 87,980,291.81 RMB, compared to 245,562,115.31 RMB in the previous period[166] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,686,757,025.84, reflecting a 7.64% increase from the previous year[9] - Total liabilities rose to CNY 1,331,812,194.80, up from CNY 1,082,843,575.40, indicating an increase of about 23.06%[99] - The company's total current liabilities reached CNY 733,568,167.17, an increase of approximately 18.4% from CNY 619,685,045.65 at the end of 2022[98] - Non-current liabilities totaled CNY 598,244,027.63, up from CNY 463,158,529.75, reflecting a growth of around 29.1%[99] - The company's total equity decreased to CNY 1,354,944,831.04 from CNY 1,413,160,732.73, indicating a decline of about 4.1%[107] Shareholder Information - The total number of common shareholders as of the report date was 48,549, with the top ten shareholders holding significant stakes[63] - The company plans to hold a shareholder meeting on November 13, 2023, to discuss the stock incentive plan[46] Strategic Initiatives - The company plans to implement a restricted stock incentive plan to attract and retain talent, approved by the Beijing State-owned Assets Supervision and Administration Commission[46] - The company plans to enhance competitiveness through increased investment in new product development[58] - The company has decided to terminate the non-public offering of A-shares initially planned for 2022, following discussions with major stakeholders[78] Operational Metrics - Operating revenue for the first three quarters of 2023 was CNY 1,015,753,245.59, a slight decrease of 2.3% from CNY 1,038,171,882.20 in the same period of 2022[114] - Operating costs increased to CNY 1,061,495,222.01, compared to CNY 1,030,059,655.22 in 2022, marking an increase of approximately 3.3%[114] - Research and development expenses rose significantly to CNY 49,001,349.40, up from CNY 32,554,642.66, representing an increase of about 50.2%[114] Other Financial Metrics - The weighted average return on net assets was -1.94% for the quarter, compared to -4.74% year-to-date[9] - The investment income from joint ventures and associates was CNY 8,935,191.41, down from CNY 13,631,948.54, showing a decrease of approximately 34.5%[110] - The net profit from non-operating activities for the quarter was CNY 2,335,330.46, down from CNY 4,475,863.72 in the previous year[45] - The cash and cash equivalents at the end of the period were 351,782,491.79 RMB, compared to 365,648,380.40 RMB at the end of the previous period[166] - The company reported a foreign exchange impact on cash and cash equivalents of 567,217.09 RMB for the current period[166]

Market Growth and Revenue - The company reported a significant increase in market share, achieving a growth rate of 15% in the last quarter[8]. - User data indicates a total of 1.5 million active users, representing a 20% increase year-over-year[7]. - The company has set a revenue guidance of $500 million for the next fiscal year, reflecting a 10% growth expectation[19]. - New product launches are expected to contribute an additional $100 million in revenue, with a projected market penetration of 5%[19]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2023, representing a 20% year-over-year growth[55]. - The company provided guidance for the second half of 2023, expecting revenue to grow by an additional 25% compared to the first half[55]. - New product launches are anticipated to contribute an estimated 300 million in additional revenue by Q4 2023[55]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region[19]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[55]. - A new strategic partnership has been established, projected to increase distribution channels by 40% over the next year[55]. - A strategic acquisition is in progress, which is anticipated to enhance the company's technological capabilities and increase its competitive edge[19]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 200 million allocated for this purpose[55]. Research and Development - The company has committed to investing $50 million in R&D for new technologies over the next two years[19]. - Ongoing research and development efforts have led to a 30% improvement in product efficiency, expected to reduce costs significantly[55]. - The company increased R&D investment, advancing the development of four types of bottles and liquid hydrogen products, with hydrogen station integration capabilities reaching 70MPa[181]. - The company is focusing on developing intelligent manufacturing equipment, integrating self-produced non-standard equipment to meet customer needs[145]. Financial Performance - The company's operating revenue for the first half of 2023 was ¥625,983,732.52, a decrease of 1.83% compared to ¥637,677,016.77 in the same period last year[136]. - The net profit attributable to shareholders of the listed company was -¥29,690,936.02, compared to a profit of ¥10,576,997.42 in the previous year[136]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥31,831,469.28, compared to ¥7,256,597.49 in the same period last year[136]. - The net cash flow from operating activities was -¥6,466,898.65, an improvement from -¥18,915,591.19 in the previous year[136]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥1,048,730,607.94, a decrease of 2.51% from ¥1,075,757,552.12 at the end of the previous year[136]. - Basic earnings per share for the first half of 2023 were -¥0.05, compared to ¥0.02 in the same period last year[139]. - The diluted earnings per share were also -¥0.05, down from ¥0.02 in the previous year[139]. - The weighted average return on net assets was -2.80%, a decrease of 4.34 percentage points from 1.54% in the previous year[139]. Compliance and Governance - The company is actively monitoring regulatory compliance to ensure adherence to all relevant guidelines and requirements[9]. - The management emphasized the importance of maintaining compliance with regulatory requirements to mitigate legal risks associated with ongoing investigations[55]. - The company decided to terminate the non-public offering of shares for the year 2022, following discussions with Beijing Jingcheng Electromechanical Holdings Co., Ltd.[102]. - The company received approval from the Beijing State-owned Assets Supervision and Administration Commission for the implementation of the equity incentive plan on June 26, 2023[123]. Innovation and Technology - The company emphasizes innovation as the primary driving force for development, focusing on technology as the first productivity and talent as the first resource[200]. - The company is advancing its digital intelligent manufacturing transformation and upgrading core business systems[200]. - Continuous optimization and upgrading of existing products are being driven by market orientation to enhance competitiveness[200]. - The company is committed to building new development momentum through innovation-driven strategies[200]. - The company is focused on creating new advantages through continuous improvement in management models[200]. Industry Trends and Market Outlook - The hydrogen fuel cell vehicle production and sales in China increased by 38.4% and 73.5% year-on-year, respectively, signaling a strong upward trend in the industry[147]. - The smart manufacturing sector is expected to expand continuously due to increasing automation demands driven by labor shortages and rising costs[148]. - The natural gas market in China is recovering, with expectations of increased consumption during the winter season due to seasonal demand[146]. - The demand for industrial gases is expected to grow due to emerging industries such as new energy, new materials, and biopharmaceuticals[166]. - The market for high-end smart home appliances is anticipated to grow significantly, driven by consumer demand for quality and functionality[149]. - The market for hydrogen energy is expected to grow significantly, with a target of at least 1,000 hydrogen refueling stations by 2025 in China[167].

Financial Performance - The company's operating revenue for the current period is approximately RMB 625.98 million, a decrease of 1.83% compared to RMB 637.68 million in the same period last year[55]. - The net profit attributable to shareholders of the listed company was a loss of CNY 29,690,936.02, compared to a profit of CNY 10,576,997.42 in the previous year[182]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 31,831,469.28, compared to a profit of CNY 7,256,597.49 in the same period last year[182]. - The net cash flow from operating activities was a negative CNY 6,466,898.65, an improvement from a negative CNY 18,915,591.19 in the previous year[182]. - The total assets at the end of the reporting period were CNY 2,731,445,014.25, an increase of 9.43% from CNY 2,496,004,308.13 at the end of the previous year[182]. - The net assets attributable to shareholders of the listed company decreased by 2.51% to CNY 1,048,730,607.94 from CNY 1,075,757,552.12 at the end of the previous year[182]. - The company reported a net loss of 64,015,636.15 RMB for the current period, resulting in an accumulated loss of 58,436,513.25 RMB[196]. - The total equity of the parent company at the end of the period was 1,494,126,502.60 RMB, with a decrease of 60,076,081.04 RMB compared to the previous period[196]. Sales and Market Expansion - The company achieved growth in sales revenue during the first half of 2023, with significant progress in both domestic and international markets, particularly in the Asian market[9]. - The company has established over 30 domestic sales outlets and eight international sales networks, covering key markets such as the USA, Singapore, and Australia[39]. - The company is actively pursuing market expansion and technological innovation despite facing operational difficulties[189]. Research and Development - The company aims to increase R&D investment and has made progress in developing the four-type bottle series and liquid hydrogen products[28]. - Research and development expenses increased by 30.34% to RMB 28.17 million, primarily due to intensified R&D efforts[45]. - The company is focusing on technological advancements and expand its product applications into pharmaceuticals, electronics, and automotive sectors[89]. - The company is actively developing new products, including the CNG system for four-type bottles, which has shown positive market feedback during trial operations[9]. Financial Management and Cash Flow - The financing activities generated a net cash flow of approximately RMB 195.76 million, a significant increase of 213% compared to RMB 62.54 million last year[55]. - The net cash flow from financing activities increased by approximately RMB 133.22 million year-on-year, mainly due to the receipt of special funds for hydrogen energy frontier technology industry development projects[56]. - Cash and cash equivalents at the end of the period amounted to RMB 467.20 million, representing 17.10% of total assets, an increase of 38.79% compared to the previous year[65]. - The company's operating cash flow net amount increased by approximately RMB 12.45 million year-on-year, mainly due to a decrease in cash outflows for purchasing goods and providing services[103]. Compliance and Risk Management - The company is committed to enhancing compliance and risk management systems to support sustainable development[36]. - The company is committed to enhancing its risk management capabilities and improving operational efficiency through lean management practices[29]. - The company confirmed that all directors and supervisors complied with the standards for securities trading during the six months ending June 30, 2023[112]. - The company has not experienced any significant litigation or arbitration matters during the reporting period[126]. Corporate Governance and Structure - The company has established a robust internal management system, continuously strengthening its internal controls and compliance measures[29]. - The company’s controlling shareholder holds 45.32% of the shares, establishing a related party relationship[133]. - The company has a continuous related party transaction involving leasing office space from a related party, with a rental rate starting at RMB 2.55 per square meter per day for the first year[138]. - The company has not disclosed any new employee incentive plans or stock ownership plans during the reporting period[124]. Environmental and Social Responsibility - The company’s wastewater discharge in the first half of 2023 met the Tianjin municipal discharge standards, with a total discharge of 48,525 tons[167]. - The company’s environmental monitoring showed that the average pH value of wastewater was 7.85, within the acceptable range of 6-9[168]. - In the first half of 2023, the company purchased poverty alleviation products worth RMB 609,830.11, with 31% of these being from designated assistance areas[152]. - The company’s procurement of assistance products for employee welfare during major holidays amounted to RMB 275,300, with 100% being from designated assistance areas[152].

Financial Performance - The company's operating revenue for Q1 2023 was RMB 274,718,604.19, representing a decrease of 1.80% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was a loss of RMB 15,756,292.00, with a net profit excluding non-recurring gains and losses of RMB 16,521,253.96[22]. - The net profit attributable to shareholders of the listed company decreased due to increased expenses and reduced investment income compared to the same period last year[28]. - Net profit for Q1 2023 was a loss of RMB 19,433,572.47, compared to a loss of RMB 2,935,092.73 in Q1 2022, representing a significant increase in losses[5]. - Operating profit for Q1 2023 was a loss of RMB 16,577,876.70, compared to a loss of RMB 2,408,616.70 in Q1 2022[5]. - The total comprehensive income for Q1 2023 was -20,094,928.64, compared to -2,935,092.73 in Q1 2022, indicating a significant decline[70]. - The total comprehensive income attributable to the parent company was -16,354,966.61 in Q1 2023, compared to -1,250,153.46 in Q1 2022[70]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 3,749,806.01[22]. - The net cash flow from operating activities for Q1 2023 was 3,749,806.01, a recovery from -42,316,254.26 in Q1 2022[72]. - The company reported a cash and cash equivalents balance of RMB 236,956,066.00 at the end of Q1 2023, compared to RMB 87,878,037.06 at the end of Q1 2022, showing a significant increase[57]. - The total cash outflow from operating activities was 255,238,529.92 in Q1 2023, down from 296,936,183.21 in Q1 2022[78]. - The net increase in cash and cash equivalents was -26,846,133.98 for Q1 2023, compared to -17,898,726.66 in Q1 2022[75]. - Cash inflows from financing activities included 17,813,460.00 from borrowings and 23,207,700.00 from other financing activities[73]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,499,900,848.67, an increase of 2.68% from the end of the previous year[22]. - The total current liabilities amounted to RMB 649,537,017.92, an increase from RMB 619,685,045.65 in the previous year[20]. - The total liabilities as of March 31, 2023, were RMB 1,107,099,728.17, compared to RMB 1,028,107,632.72 as of the same date in 2022, reflecting an increase in liabilities[64]. - The total liabilities and shareholders' equity as of March 31, 2023, was ¥2,499,900,848.67, compared to ¥2,434,589,099.53 as of December 31, 2022[41]. Operational Costs and Expenses - The operating costs for the reporting period were ¥286,863,753.87, slightly down from ¥287,807,611.09 in the previous period[43]. - Research and development expenses increased significantly to ¥14,927,932.28 from ¥7,830,234.46 in the previous period, indicating a focus on innovation[43]. - The company incurred credit impairment losses of RMB 325,089.90 in Q1 2023, with no such losses reported in Q1 2022[5]. - The total amount of government subsidies recognized in the current period was ¥634,264.06, which is closely related to the company's normal business operations[24]. Shareholder Information - The number of common shareholders at the end of the reporting period was 49,807[12]. - The weighted average return on net assets was -1.50%, a decrease of 1.26 percentage points compared to the previous year[22]. - The total equity attributable to shareholders of the listed company decreased by 1.23% to RMB 1,059,114,069.92[8]. - The minority shareholders' equity impact (after tax) was ¥520,734.70, reflecting the company's financial performance[25]. Future Plans - The company plans to proceed with a non-public offering of shares as part of its strategic development plan, with announcements to follow[34]. - The company plans to implement a restricted stock incentive plan to attract and retain talent, which was approved in March 2023[60].

VIII. Whether any external guarantees are provided in violation of any specified decision-making procedures or not 二、 公司全體董事出席董事會會議。 四、 公司負責人王軍先生、主管會計工作負責人馮 永梅女士及會計機構負責人（會計主管人員）王 艷東先生聲明：保證年度報告中財務報告的真 實、準確、完整。 報告期，經信永中和會計師事務所（特殊普通合 夥）審計，歸屬於上市公司股東的淨利潤為人 民幣18,302,413.93元，年末未分配利潤為人民 幣-669,031,286.39元。由於公司年末未分配利 潤為負，故2022年度不進行利潤分配，也不進 行資本公積金轉增股本，該預案尚需提交股東 大會審議。 √ 適用 □ 不適用 七、 是否存在被控股股東及其他關聯方非經營性佔 用資金情況 1、 實施本次非公開發行A股股票項目相關風 險。 一、釋義 在本報告書中，除非文義另有所指，下列詞語 具有如下含義： 4 Beijing Jingcheng Machinery Electric Company Limite ...

Financial Performance - Total operating revenue for 2022 reached RMB 1,372,261,232.14, an increase of 16.0% compared to RMB 1,182,664,494.03 in 2021[10] - The company reported a net profit of RMB 12,479,064.11 for 2022, recovering from a loss of RMB 36,638,489.55 in 2021[24] - The total profit for the reporting period increased by approximately RMB 58.43 million compared to the same period last year[159] - Revenue from gas storage and transportation products reached RMB 1.16 billion, with a gross margin of 8.20%, reflecting a year-on-year increase of 2.42% in revenue[78] - Domestic revenue increased by 12.00% to RMB 751.45 million, with a gross margin of 15.77%, while international revenue grew by 23.31% to RMB 573.10 million, with a gross margin of 9.90%[78] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 2,434,589,099.53, up from RMB 1,568,448,757.50 in the previous year, reflecting a growth of 55.0%[8] - Total liabilities increased to RMB 1,028,107,632.72 in 2022, compared to RMB 607,036,710.16 in 2021, representing a rise of 69.3%[14] - The company's debt-to-asset ratio increased to 42.23% at the end of 2022 from 38.70% at the end of 2021[166] - Shareholders' equity totaled approximately RMB 1,406.48 million, an increase of approximately RMB 445.07 million, or 46.29%, compared to the beginning of the year[164] Cash Flow and Financing - The company's cash inflow from operating activities was RMB 1,259.99 million, while cash outflow was RMB 1,254.76 million, resulting in a net cash flow of RMB 5.22 million[168] - Net cash flow from operating activities increased by approximately RMB 37.92 million year-on-year, primarily due to increased cash inflows from operating activities[146] - The company raised RMB 424.52 million through financing activities, primarily from capital increase funds and bank loans[168] - The company's cash flow from financing activities increased by approximately CNY 314,076,900, mainly from issuing shares and receiving R&D funds from controlling shareholders[88] Research and Development - Research and development expenses were reported, indicating ongoing investment in innovation, although specific figures were not disclosed[10] - R&D expenses increased significantly by 79.56% to CNY 47,649,016.32 year-on-year[86] - R&D expenses increased by approximately RMB 21.11 million, a rise of 79.56%, due to expanded consolidation scope and increased investment in R&D[132] Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not detailed in the report[10] - The company aims to optimize production processes and enhance product efficiency, focusing on high-value-added products to increase market share[45] - The company plans to enhance its collaboration with large gas companies to build a comprehensive service chain to meet increasing market demands[119] - The company aims to establish itself as a global leader in gas storage and transportation equipment manufacturing and services[109] Operational Efficiency - The company has successfully reduced procurement costs through new supplier development and centralized purchasing strategies[57] - The automation equipment's operational stability has been achieved, with production capacity steadily increasing, meeting target values[36] - The production volume of seamless steel gas cylinders decreased by 13.2%, while sales volume increased by 3.2% year-on-year, indicating a shift in inventory management[55] Compliance and Governance - The company is committed to a three-year action plan for state-owned enterprise reform, enhancing compliance management across key areas[41] - The company plans to strengthen compliance and internal control management, enhancing the audit supervision and legal compliance of major decisions[72] Future Outlook - The hydrogen energy industry is expected to see growth in fuel cell vehicle sales in 2023, supported by regional policies and planning[94] - The number of hydrogen refueling stations in China is projected to exceed 400 by 2023, indicating strong growth potential in the hydrogen energy sector[121] - The market for special gases is expected to maintain rapid growth, supported by energy transition policies promoting natural gas consumption[119] - The industrial robot market in China is expected to continue expanding, driven by the development of smart cities and factories, with significant contributions from technologies like 5G and IoT[108]

Financial Performance - The company's operating revenue for the third quarter reached CNY 400,494,865.43, representing a year-on-year increase of 22.87%[7] - The net profit attributable to shareholders of the listed company was CNY 10,143,425.27, with a year-to-date net profit of CNY 20,720,422.69[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,958,716.64 for the quarter, totaling CNY 13,215,314.13 year-to-date[7] - Total revenue for the first three quarters of 2022 reached CNY 1,038,171,882.20, an increase of 21.8% compared to CNY 852,504,491.69 in the same period of 2021[105] - The company reported a net loss of CNY 666,613,277.63 for the period ending September 30, 2022, slightly improved from a loss of CNY 687,333,700.32 in the previous year[97] - In the first three quarters of 2022, the company reported a net profit of 21,374,621.44, a significant recovery from a net loss of 13,367,222.75 in the same period of 2021[107] - The company's total profit reached 26,775,906.66 in 2022, a recovery from a total loss of 10,443,999.18 in 2021[107] Assets and Liabilities - The company's total assets increased by 61.03% year-on-year, reaching CNY 2,525,737,950.38[7] - The total assets as of September 30, 2022, amounted to CNY 2,525,737,950.38, compared to CNY 1,568,448,757.50 at the end of 2021, representing a growth of 60.9%[80] - Total liabilities increased to CNY 1,121,547,838.35 as of September 30, 2022, from CNY 607,036,710.16 at the end of 2021, indicating a rise of 84.7%[83] - Non-current assets totaled CNY 1,304,506,965.47 as of September 30, 2022, compared to CNY 861,318,938.80 at the end of 2021, showing an increase of 51.3%[79] Shareholder Information - The equity attributable to shareholders of the listed company rose by 57.48% year-on-year, amounting to CNY 1,067,143,453.54[7] - The total number of common shareholders at the end of the reporting period is 54,130[50] - Beijing Jingcheng Machinery Holdings Co., Ltd. holds 245,735,052 shares, accounting for 45.32% of total shares[50] - The number of shares held by the top ten unrestricted shareholders includes 182,735,052 shares held by Beijing Jingcheng Machinery Holdings Co., Ltd.[53] - The company has no preferred shareholders with restored voting rights[50] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -24,747,496.49 for the quarter[7] - The company's cash and cash equivalents increased to ¥345,499,410.06 from ¥105,776,763.72 year-over-year[58] - The company's cash flow from operating activities showed a net outflow of -43,663,087.68 in 2022, compared to -34,095,893.23 in 2021, indicating increased cash usage[153] - The net cash flow from investing activities was 35,051,073.81 in 2022, a recovery from a net outflow of -56,039,407.34 in 2021[155] - The ending balance of cash and cash equivalents as of September 2022 was approximately $365.65 million, significantly up from $94.06 million in September 2021[159] Operational Highlights - The company completed the acquisition of 80% equity in Beiyang Tianqing, enhancing its operational capabilities[55] - The company has issued new shares to raise funds for the acquisition, with participation from four investors including Nanhua Fund Management Co., Ltd.[55] - The changes in financial indicators were primarily due to the consolidation of Qingdao Beiyang Tianqing Data Intelligence Co., Ltd. and Beijing Jingcheng Haitong Technology Cultural Development Co., Ltd.[37] Expenses and Investments - Operating costs for the first three quarters of 2022 were CNY 1,030,059,655.22, up from CNY 868,410,799.35 in 2021, reflecting a rise of 18.6%[105] - Research and development expenses increased significantly to CNY 32,554,642.66 in 2022 from CNY 15,130,233.62 in 2021, marking a growth of 115.0%[105] - Investment income increased to 15,715,373.77 in 2022 from 6,548,804.11 in 2021, reflecting a growth of approximately 139%[107] Earnings Per Share - The basic earnings per share for the quarter was CNY 0.02, while the diluted earnings per share was CNY 0.01[7] - Basic earnings per share improved to 0.04 in 2022 from -0.01 in 2021, reflecting a positive shift in profitability[132] Compliance and Governance - The company will strictly comply with regulations regarding the use of raised funds and information disclosure obligations[55]

Acquisition and Equity - The company has completed the acquisition of 80% equity in Beiyang Tianqing, enhancing its operational and profitability capabilities[9] - The total number of shares after the acquisition is 531,481,314, including both A shares and H shares[9] - The issuance price for the new A shares was set at RMB 3.42 per share, based on the market price of RMB 4.39 on the pricing benchmark date[9] - The company has established a special account for the raised funds, which has received the net amount after deducting issuance costs[9] - The company completed the acquisition of 80% of Beiyang Tianqing, significantly improving its revenue and profit scale[79] - The company issued 46,481,314 new shares at RMB 3.42 each to finance the acquisition of Beiyang Tianqing[87] - Tianhai Industrial acquired a 2% stake in Jingcheng Haitong for RMB 461,732, enhancing its control to 51%[88] - The company guarantees that all compensation fees related to the transaction will be fully executed by the end of the commitment period, which spans from 2020 to 2024[166] - The company will not transfer any shares acquired from the transaction if there are any ongoing investigations or legal issues related to the transaction[169] - The company has undertaken to ensure that all information provided during the transaction is accurate and free from significant omissions[169] Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[21] - The net profit attributable to shareholders for the same period was RMB 150 million, up 10% compared to the previous year[21] - Operating revenue for the first half of 2022 reached RMB 637,677,016.77, representing a 21.10% increase compared to RMB 526,554,520.75 in the same period last year[30] - Net profit attributable to shareholders of the listed company was RMB 10,576,997.42, a significant recovery from a loss of RMB 1,313,304.91 in the previous year[30] - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q2 2023, representing a 25% year-over-year growth[158] - The company reported a significant increase in revenue, achieving a total of 1.2 billion in Q3 2023, representing a 15% year-over-year growth[172] - Revenue for the last quarter reached $500 million, representing a 15% increase compared to the previous quarter[181] - The company has set a future outlook with a revenue guidance of $2 billion for the next fiscal year, indicating a growth target of 20%[182] User Growth and Market Expansion - User data indicates a growth in active users by 20% in the first half of 2022, reaching a total of 2 million active users[21] - User data showed a 15% increase in active users, reaching 10 million by the end of the quarter[160] - User data showed an increase in active users, reaching 5 million, which is a 20% increase compared to the previous quarter[173] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[21] - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of 2024[159] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[176] Research and Development - The company is investing RMB 100 million in R&D for new technologies related to LNG and CNG production[21] - R&D expenses surged by 115.81% year-on-year to RMB 21,615,500.91, reflecting increased investment in research and development[78] - Research and development expenses increased by 10%, totaling 150 million, to support innovation in product offerings[158] - Research and development investments increased by 25%, focusing on innovative technologies to improve product efficiency[178] - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[190] Operational Efficiency and Cost Management - The gross margin for the first half of 2022 was reported at 35%, a slight increase from 33% in the previous year[21] - The company aims to improve operational efficiency by implementing new automation technologies, projected to reduce costs by 15%[21] - The company has transformed its internal control model to enhance operational efficiency and responsiveness to market changes, thereby improving business performance[54] - Operational efficiency improvements are projected to reduce costs by 5% in the upcoming fiscal year[173] - The company plans to implement cost-saving measures projected to save $20 million annually[181] Compliance and Governance - The company’s board of directors has confirmed the accuracy and completeness of the semi-annual report, with no significant omissions or misleading statements[3] - The company has not violated decision-making procedures in providing guarantees[7] - The company confirmed compliance with the Hong Kong Stock Exchange's Corporate Governance Code during the reporting period[120] - The company is committed to maintaining compliance with regulatory requirements, ensuring no disruptions in operations[174] Environmental and Social Responsibility - The company’s subsidiary, Tianjin Tianhai, was listed as a key pollutant discharge unit by the Tianjin Environmental Protection Bureau in 2022[129] - In the first half of 2022, wastewater from Tianjin Tianhai was tested and met the Tianjin municipal wastewater discharge standards, achieving full compliance[130] - The average concentration of chemical oxygen demand (COD) was 80.5 mg/L, significantly below the standard limit of 500 mg/L[131] - The company has established an emergency response plan for environmental pollution incidents, with at least one drill conducted annually to assess and improve the plan[143] - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[159] Strategic Initiatives - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[21] - A strategic acquisition was announced, with the company acquiring a competitor for 500 million, expected to enhance operational efficiency[160] - A strategic acquisition of a tech startup was completed, valued at $50 million, to enhance product offerings[181] Employee Engagement and Development - The company employed 1,381 staff members during the reporting period, with total employee compensation amounting to RMB 77.61 million[113][114] - A total of 18,326.5 training hours were completed in the first half of 2022, involving 4,072 participants, averaging 14.3 hours of training per person[116] - The company implemented a diversified compensation system based on position performance, ensuring internal and external equity in salary levels[115] - The company has committed to strengthening talent retention strategies to combat the risk of losing core technical personnel[96]

Financial Performance - The company's operating revenue for the first quarter was CNY 279,765,054.92, representing a year-on-year increase of 13.18%[8]. - The net profit attributable to shareholders of the listed company was CNY -1,250,153.46, with no applicable percentage change due to losses[9]. - The net cash flow from operating activities was CNY -42,316,254.26, indicating a significant cash outflow[11]. - The basic earnings per share were CNY -0.01, unchanged from the previous period[12]. - The weighted average return on equity increased by 0.27 percentage points to -0.24%[14]. - The net profit for Q1 2022 was reported at -¥2,935,092.73, an improvement from -¥4,632,388.86 in Q1 2021, indicating a reduction in losses of approximately 36.5%[53]. - Total comprehensive income for Q1 2022 was -2,935,092.73 RMB, an improvement from -4,632,388.86 RMB in Q1 2021[57]. - The comprehensive income attributable to the parent company for Q1 2022 was -1,250,153.46 RMB, compared to -4,279,724.70 RMB in Q1 2021[57]. - Basic and diluted earnings per share for Q1 2022 remained at -0.01 RMB, consistent with Q1 2021[57]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,580,028,000.69, reflecting a 0.74% increase from the previous year[17]. - The equity attributable to shareholders of the listed company decreased by 0.18% to CNY 676,405,461.38[18]. - As of March 31, 2022, the total current assets amounted to RMB 723,345,339.87, an increase from RMB 707,129,818.70 as of December 31, 2021, representing a growth of approximately 2.9%[39]. - The company’s long-term liabilities rose to ¥93,514,747.56 as of March 31, 2022, compared to ¥70,307,047.56 at the end of 2021, representing an increase of approximately 33.0%[45]. - The total liabilities increased to ¥621,551,046.08 from ¥607,036,710.16, which is an increase of about 2.5%[45]. - Current liabilities decreased to ¥528,036,298.52 from ¥536,729,662.60, representing a reduction of about 1.3%[43]. Cash Flow - Cash inflow from operating activities in Q1 2022 was 240,857,736.64 RMB, a decrease from 250,369,171.06 RMB in Q1 2021[59]. - Cash outflow from operating activities in Q1 2022 totaled 296,936,183.21 RMB, slightly higher than 290,833,808.54 RMB in Q1 2021[62]. - Net cash flow from operating activities for Q1 2022 was -42,316,254.26 RMB, worsening from -15,817,719.28 RMB in Q1 2021[62]. - Net cash flow from investing activities in Q1 2022 was 8,712.00 RMB, up from 1,248.00 RMB in Q1 2021[61]. - Net cash flow from financing activities for Q1 2022 was 32,416,820.00 RMB, a significant improvement from -13,029,889.98 RMB in Q1 2021[68]. - The ending cash and cash equivalents balance for Q1 2022 was 87,878,037.06 RMB, down from 238,123,553.06 RMB in Q1 2021[71]. - The company reported a decrease in cash and cash equivalents of -17,898,726.66 RMB in Q1 2022, compared to -40,943,983.77 RMB in Q1 2021[70]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,682[29]. - The largest shareholder, Beijing Jingcheng Machinery Holdings Limited, holds 50.67% of the shares[30]. Strategic Initiatives - The company is in the process of acquiring 80% equity in Qingdao Beiyang Tianqing Intelligent Co., Ltd. to enhance its operational sustainability and profitability[35]. - The company received conditional approval from the M&A Committee of the China Securities Regulatory Commission for its asset purchase and fundraising plan[37]. - The company plans to continue advancing its asset purchase and fundraising initiatives despite previous setbacks in regulatory approvals[37]. - The company is committed to timely information disclosure regarding the progress of its asset acquisition and fundraising activities[37]. Research and Development - Research and development expenses increased to ¥7,830,234.46 in Q1 2022 from ¥4,685,582.61 in Q1 2021, reflecting a growth of about 67.5%[51].