证券代码：600149 证券简称：廊坊发展 公告编号：临 2023-020 廊坊发展股份有限公司 关于参加河北辖区上市公司2023年投资者网上集体接待日 暨2022年度业绩说明会的预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 一、说明会类型 为进一步加强与投资者的互动交流，廊坊发展股份有限公司（以下简称 "公司"）将参加由河北证监局、河北省上市公司协会与深圳市全景网络有 限公司联合举办的"2023 年河北辖区上市公司投资者集体接待日活动"，通 过网络与投资者在线就公司 2022 年度业绩、公司治理、发展战略、 经营状 况等投资者关心的问题，进行沟通与交流。 1 活动时间：2023 年 5 月 30 日（周二） 15:00-17:00 活动地点：全景路演（http://rs.p5w.net）网络平台 活动方式：网络在线交流 动交流。 二、活动召开的时间、方式 活动时间：2023 年 5 月 30 日（周二） 15:00-17:00 活动方式：网络在线交流 三、参加人员 公司相关负责人员将出席本次活动， ...

2023 年第一季度报告 证券代码：600149 证券简称：廊坊发展 廊坊发展股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人曹玫、主管会计工作负责人许艳宁及会计机构负责人（会计主管人员）许艳宁保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | 项目 | 本报告期 | 本报告期比上年同 期增减变动幅度(%) | | --- | --- | --- | | 营业收入 | 84,904,512.14 | 9.01 | | 归属于上市公司股东的净利润 | -3,434,399.56 | 不适用 | | 归属于上市公司股东的扣除非经常性损益的净利润 | -3,689,565.87 | 不适用 | | 经营活动产生的现金流量净额 | -33 ...

Financial Performance - The company's operating revenue for 2022 was ¥213,488,903.31, a decrease of 3.32% compared to ¥220,813,164.97 in 2021[21]. - The net profit attributable to shareholders for 2022 was -¥8,381,974.33, representing a decline of 512.90% from a profit of ¥2,030,004.92 in 2021[21]. - The net cash flow from operating activities decreased by 44.26% to ¥17,787,130.53 in 2022, down from ¥31,912,790.07 in 2021[21]. - Basic earnings per share for 2022 was -0.0220 yuan, a decrease of 515.09% compared to 2021[23]. - The company reported a weighted average return on equity of -5.04% for 2022, down from 1.20% in 2021[23]. - The operating cost increased by 10.06% to 194.86 million yuan, primarily due to rising raw material prices[54]. - The gross margin for the heating business decreased by 11.86 percentage points to 7.12%[57]. - The company reported a significant increase in financial expenses by 250.21% to 4.03 million yuan, mainly due to increased borrowing interest[54]. - The company achieved a net profit attributable to shareholders of -6,910,087.94 yuan in Q1 2022, with a total operating income of 77,885,460.77 yuan[24]. Assets and Liabilities - The total assets of the company increased by 1.12% to ¥657,727,164.59 at the end of 2022, compared to ¥650,473,782.36 at the end of 2021[22]. - The total liabilities increased to CNY 410,321,367.33 from CNY 386,799,957.20, representing a rise of approximately 6.04%[198]. - The company's total equity decreased to CNY 247,405,797.26 from CNY 263,673,825.16, showing a decline of about 6.15%[198]. - Cash and cash equivalents rose to CNY 136,706,556.91 from CNY 132,371,333.79, marking an increase of approximately 3.18%[196]. - Short-term borrowings increased by 60.02% to 480.56 million yuan, primarily due to the addition of one-year loans[69]. - Accounts receivable increased to CNY 23,797,765.01 from CNY 20,574,719.59, reflecting a growth of about 10.83%[196]. - Inventory remained relatively stable, increasing slightly to CNY 14,556,463.27 from CNY 14,101,976.30, a rise of approximately 3.22%[196]. Shareholder and Governance - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring accountability[93]. - The board consists of 7 members, including 3 independent directors, meeting legal requirements for independence and governance[92]. - The company has a robust investor relations management system, actively engaging with investors through various communication channels[94]. - The company strictly adheres to the Company Law and relevant regulations, ensuring effective governance and protecting shareholder interests[91]. - The company has established a compensation management approach for determining remuneration for directors and senior management[112]. - The company has appointed multiple independent directors, including legal and financial professionals, to strengthen its governance structure[110]. - The company held its annual general meeting and temporary meetings, passing multiple resolutions without any rejected proposals[99][100]. Operational Strategies and Market Position - The company is actively expanding its commercial operation and management services, successfully providing design consulting management services for the Langfang East Station complex project[37]. - The company aims to expand its heating service area, which currently serves over 60,000 households, leveraging urbanization in Langfang[74]. - The company is focused on upgrading existing heating projects to create energy-efficient and environmentally friendly systems[52]. - The company is leveraging its state-owned shareholder advantages to expand its business and optimize its business structure[48]. - The company is committed to achieving ultra-low emissions and will continue to invest in environmental upgrades to meet increasing regulatory standards[77]. - The company plans to enhance its operational efficiency by implementing technology upgrades and optimizing production processes, focusing on key areas such as heat recovery and water circulation[83]. Environmental and Social Responsibility - The company achieved a reduction of 35,346 tons in carbon dioxide equivalent emissions through measures such as using waste heat from power plants to replace part of the coal-fired boiler heating[142]. - The company has implemented advanced pollution control technologies, achieving ultra-low emissions for particulate matter, sulfur dioxide, and nitrogen oxides[138]. - The company reported no administrative penalties for environmental issues during the reporting period[140]. - The company has developed emergency response plans for environmental incidents at its heating stations[139]. - The company has not disclosed any social responsibility or ESG reports separately[143]. Risk Management - The company recognizes the risks associated with policy changes, market competition, and raw material price fluctuations, which could impact its operations[88]. - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[6]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers during the reporting period[150]. Research and Development - R&D expenses totaled 818,212.57 yuan, which is 0.38% of operating revenue[63]. - The company employed 20 R&D personnel, making up 16% of the total workforce[64]. - The company has developed self-control systems for heat exchange stations, which have received national patents[52]. Financial Management - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining effective internal controls[189]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2022[179]. - The company has not reported any changes in shareholding for its directors and executives during the year[103]. - The company has a total of 1,680.00 million RMB in entrusted financial management at the end of the reporting period[160].

2022 年第三季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人曹玫、主管会计工作负责人许艳宁及会计机构负责人（会计主管人员）许艳宁保 证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 证券代码：600149 证券简称：廊坊发展 廊坊发展股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 2022 年第三季度报告 | 经营活动产生的现金流量 | 不适用 | 不适用 | -59,618,361.94 | 不适用 | | --- | --- | --- | --- | --- | | 净额 | | | | | | 基本每股收益（元/股） | -0.001 | 不适用 | -0.030 | 不适用 | | 稀释每股收益（元/股） | -0.001 | 不适用 | -0.030 | ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥90.47 million, representing a 6.60% increase compared to ¥84.87 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was approximately -¥11.17 million, compared to -¥5.74 million in the same period last year, indicating a decline[20]. - The net cash flow from operating activities was approximately -¥68.54 million, worsening from -¥48.30 million in the previous year[20]. - The company reported a basic earnings per share of -0.029 CNY for the first half of 2022, compared to -0.015 CNY in the same period last year, indicating a decline[21]. - The weighted average return on equity was -6.77% for the first half of 2022, down from -3.47% year-on-year[21]. - The company achieved a net loss of CNY 354,888,733.16, compared to a loss of CNY 354,211,321.84 in the previous period[93]. - The total comprehensive income for the first half of 2022 was a loss of CNY 18,188,607.36, compared to a loss of CNY 1,259,260.23 in the same period of 2021[96]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥600.13 million, a decrease of 7.74% from ¥650.47 million at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 6.55% to approximately ¥159.32 million from ¥170.49 million at the end of the previous year[20]. - Cash and cash equivalents decreased by 27.45% to CNY 96,031,203.77 from CNY 132,371,333.79 at the end of the previous year[46]. - Short-term borrowings increased by 137.89% to CNY 71,442,343.48, primarily due to an increase in guarantee loans[46]. - Total liabilities decreased from CNY 386,799,957.20 to CNY 358,146,339.13, a reduction of about 7.5%[91]. - Current liabilities decreased from CNY 165,306,933.23 to CNY 159,049,533.88, a decrease of approximately 3.8%[91]. - Non-current liabilities decreased from CNY 221,493,023.97 to CNY 199,096,805.25, a decline of about 10.1%[91]. Revenue Sources - The company generated revenue of 1.4497 million CNY from property leasing during the reporting period[23]. - The company continues to develop its real estate leasing business, generating revenue of CNY 1.45 million during the reporting period[42]. - The company signed a heating area of 36,700 square meters in the first half of 2022, with a cumulative signed area of 10,293,100 square meters[23]. - The actual heating area served by the company reached 5,162,500 square meters as of the first half of 2022[23]. Market Position and Strategy - The company operates in a market area exceeding 100 square kilometers, making it the largest heating enterprise in Langfang City[23]. - The company aims to expand its heating business in the Beijing-Tianjin-Hebei region, leveraging its technical and market expertise[25]. - The company is positioned to benefit from the rapid development of the heating industry in the context of the coordinated development strategy of Beijing-Tianjin-Hebei[28]. - The company has over 60,000 households served in its heating operations, making it the second-largest heating enterprise in Langfang City[26]. Environmental Compliance - The company is responding to national policies on clean heating and emissions reduction by upgrading its facilities to meet environmental standards[26]. - The company reported that all 10 natural gas pressure hot water boilers met the nitrogen oxide emission standards during the reporting period[65]. - The company implemented SCR+SNCR composite denitrification and wet magnesium oxidation desulfurization technology, achieving ultra-low emissions for dust, sulfur dioxide, and nitrogen oxides[62]. - The company has established emergency response plans for environmental incidents at its three heating stations[63]. - The company has achieved a dust emission limit of no more than 10 mg/m³, sulfur dioxide no more than 35 mg/m³, and nitrogen oxides no more than 80 mg/m³[62]. Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. - There were no non-operating fund occupations by controlling shareholders or their related parties reported[7]. - The company has not faced any violations in decision-making procedures for providing guarantees[7]. - The company has not reported any significant litigation or arbitration matters during the reporting period[72]. - The company has not disclosed any temporary announcements regarding major contracts or their performance during the reporting period[75]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 34,909[80]. - The largest shareholder, Evergrande Real Estate Group, holds 76,032,050 shares, accounting for 20.00% of the total shares, with shares frozen[82]. - The second-largest shareholder, Langfang Investment Holding Group, holds 58,173,700 shares, accounting for 15.30% of the total shares, with shares frozen[82]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[5]. - The company’s financial statements are prepared based on the assumption of going concern, with no identified issues affecting its ability to continue operations[140]. - The company’s financial reports comply with the requirements of the enterprise accounting standards, reflecting its financial status and operating results accurately[142]. Risk Factors - The company faces risks including policy changes, market competition, and fluctuations in raw material prices, particularly coal[55]. - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential investment risks[6].

Financial Performance - The company's operating revenue for Q1 2022 was ¥77,885,460.77, representing an increase of 8.11% compared to the same period last year [6]. - The net profit attributable to shareholders of the listed company was -¥6,910,087.94, with a basic and diluted earnings per share of -¥0.0182 [6]. - The company reported a net loss of CNY 15,260,209.66 for Q1 2022, compared to a profit of CNY 7,384,203.85 in Q1 2021 [17]. - The net profit for Q1 2022 was -15,577,078.16 RMB, compared to a net profit of 4,362,614.32 RMB in Q1 2021, indicating a significant decline [18]. - The total comprehensive income for Q1 2022 was -15,577,078.16 RMB, while it was 4,362,614.32 RMB in the same period last year [18]. - The basic and diluted earnings per share for Q1 2022 were both -0.0182 RMB, compared to -0.0016 RMB in Q1 2021 [18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥56,731,713.81, indicating a significant cash outflow [6]. - The operating cash flow for Q1 2022 was -56,731,713.81 RMB, worsening from -39,309,300.90 RMB in Q1 2021 [20]. - Cash inflow from operating activities totaled 15,981,408.26 RMB in Q1 2022, up from 10,913,246.73 RMB in Q1 2021 [20]. - The company reported cash and cash equivalents of 88,681,612.97 RMB at the end of Q1 2022, compared to 66,427,897.78 RMB at the end of Q1 2021 [20]. - Cash and cash equivalents decreased to CNY 105,235,581.60 as of March 31, 2022, down from CNY 132,371,333.79 at the end of 2021, a decline of approximately 20.5% [14]. - The company received 21,365,526.81 RMB in cash from borrowings during Q1 2022, with a net cash flow from financing activities of 20,718,240.10 RMB [20]. - The cash flow from investment activities showed a net inflow of 845,396.92 RMB in Q1 2022, compared to a net outflow of -1,816,379.24 RMB in Q1 2021 [20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥614,972,145.99, a decrease of 5.46% from the end of the previous year [7]. - Total assets decreased to CNY 614,972,145.99 as of March 31, 2022, from CNY 650,473,782.36 at the end of 2021, a reduction of about 5.5% [15]. - Current liabilities totaled CNY 155,713,129.87, down from CNY 165,306,933.23 at the end of 2021, a decrease of approximately 5.0% [15]. - Non-current liabilities decreased to CNY 210,868,269.12 from CNY 221,493,023.97, reflecting a decline of about 4.8% [15]. - The company’s total equity decreased to CNY 248,390,747.00 as of March 31, 2022, down from CNY 263,673,825.16 at the end of 2021, a drop of approximately 5.8% [16]. - Shareholders' equity attributable to the listed company was ¥163,580,954.04, down 4.05% from the previous year [7]. Operational Insights - The decline in net profit was primarily attributed to increased operating costs due to rising coal prices [9]. - Total operating costs for Q1 2022 were CNY 93,939,082.86, up from CNY 64,672,855.01 in Q1 2021, indicating a rise of about 45.2% [16]. - The company did not report any new product developments or market expansion strategies during this quarter [13]. - Research and development expenses were not specified in the report but are critical for future product development and market expansion [16]. - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance [16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,893 [11]. - Evergrande Group held 20.00% of the shares, with 76,032,050 shares frozen [11]. Non-Recurring Items - The company reported non-recurring gains and losses of ¥210,767.91, after accounting for tax effects and minority interests [8]. - The company reported a tax expense of 308,479.36 RMB in Q1 2022, down from 2,887,688.22 RMB in Q1 2021 [18].

Financial Performance - In 2021, the company achieved a consolidated net profit of CNY 10,821,667.16, with cumulative distributable profits for shareholders at CNY -310,976,345.19, leading to no profit distribution for the year [6]. - The company's operating revenue for 2021 was CNY 220,813,164.97, representing a 12.10% increase compared to CNY 196,979,597.65 in 2020 [24]. - The net profit attributable to shareholders of the listed company decreased by 81.22% to CNY 2,030,004.92 from CNY 10,809,433.78 in the previous year [24]. - The basic earnings per share for 2021 was CNY 0.0053, down 81.34% from CNY 0.0284 in 2020 [25]. - The total assets of the company at the end of 2021 were CNY 650,473,782.36, a decrease of 3.31% from CNY 672,770,202.50 at the end of 2020 [24]. - The net cash flow from operating activities increased by 30.12% to CNY 31,912,790.07 in 2021, compared to CNY 24,524,866.64 in 2020 [24]. - The weighted average return on net assets for 2021 was 1.20%, down from 5.04% in 2020 [25]. - The company reported a decrease in net assets attributable to shareholders of the listed company, which stood at CNY 170,491,041.98 at the end of 2021, a 1.21% increase from CNY 168,461,037.06 at the end of 2020 [24]. - The company has no plans for profit distribution or capital reserve transfer to increase share capital due to negative distributable profits [6]. Operational Highlights - The company achieved a total operating revenue of RMB 124,422,342.42 in 2021, with a significant increase in the fourth quarter contributing to a net profit attributable to shareholders of RMB 11,780,928.39 [27]. - The company reported a net cash flow from operating activities of RMB 77,754,912.27 in the fourth quarter, indicating a strong recovery in cash generation [27]. - The company signed an additional 729,600 square meters of new contracts in the heating market, expanding its market presence in the Beijing-Tianjin-Hebei region [35]. - The company implemented various measures to enhance operational efficiency, including innovative production techniques and remote control systems, aimed at reducing operational costs and improving heating quality [37]. - The company secured financing through partnerships with multiple financial institutions, successfully lowering its financing costs and ensuring sufficient capital for business expansion [39]. - The company generated RMB 3,088,937.05 from government subsidies related to its normal business operations, contributing positively to its financial performance [29]. - The company continued its real estate leasing business, generating revenue of RMB 3,025,300.00, which supports its overall income [42]. - The company focused on developing diverse clean heating sources, including the successful application of air-source heat pumps in its heating projects [36]. - The company established subsidiaries in Gu'an, Bazhou, and Tianjin to explore surrounding markets, laying the groundwork for national expansion [35]. - The company emphasized safety production measures, ensuring a safe operational environment throughout the year [38]. Market and Strategic Initiatives - The company is positioned in the core functional area of the Beijing-Tianjin-Hebei coordinated development strategy, benefiting from national policy incentives [48]. - The company is actively expanding its heating business in response to the construction of the Beijing Daxing International Airport and its economic zone [49]. - The company has developed a comprehensive energy solution capability, integrating various energy sources such as natural gas and heat pumps [52]. - The company aims to diversify energy sources and enhance low-carbon heating solutions, integrating coal, gas, electricity, and heat [86]. - The company plans to leverage the strategic opportunity of the Beijing-Tianjin-Hebei coordinated development to enhance resource integration and cooperation [80]. - The heating supply industry is experiencing strong demand, particularly in northern regions, with significant growth potential [81]. - The company plans to leverage the advantages of the Beijing-Tianjin-Hebei coordinated development to optimize the Langfang heating market, aiming for a stable and sustainable operational environment [83]. - In 2022, the company will focus on expanding the heating market in Langfang, targeting a potential heating area of over 30 million square meters, with a current supply area of approximately 30 million square meters [84]. Research and Development - Research and development expenses amounted to 914,878.11 CNY, accounting for 0.41% of total operating revenue [67]. - The company aims to increase R&D efforts to develop "multi-energy complementarity" technologies and improve heating efficiency through existing technology upgrades [89]. - The company has patented its self-control systems for heat exchange stations and is in the process of applying for multiple related patents [54]. - The company has established a core team with expertise in centralized and distributed heating technologies, ensuring sustainable development of its heating business [51]. Governance and Compliance - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations [103]. - The company strictly adheres to the regulations regarding related party transactions, effectively regulating its related party transaction behaviors [103]. - The company has a complete and independent business system, maintaining independence in operations, personnel, assets, and finances from its controlling shareholder [104]. - The company has implemented a robust investor relations management system, actively engaging with investors through various communication channels [102]. - The annual shareholders' meeting approved nine proposals without any dissenting votes, reflecting strong governance practices [104]. - The company has not faced any penalties from securities regulatory authorities in the past three years [114]. - The company has not reported any non-compliance issues or penalties during the reporting period [149]. - The company has not faced any major litigation or arbitration matters during the reporting period [149]. Financial Management - The company will strengthen financial management and budget control to ensure efficient use of funds and cost-effectiveness [94]. - The total remuneration for senior management during the reporting period amounted to 296.88 million yuan [105]. - The total remuneration for all directors, supervisors, and senior management was 2.9688 million yuan [112]. - The company has maintained a cash dividend policy throughout the reporting period, with no adjustments made [127]. - The compensation policy for senior management is determined by the board based on different positions and is paid monthly [125]. Environmental Responsibility - The company has adhered to environmental protection laws and regulations, achieving ultra-low emissions through technological upgrades in its subsidiaries [139]. - The company has not faced any administrative penalties related to environmental issues during the reporting period [138]. - The company has successfully controlled pollutant emissions, with no incidents of exceeding emission standards reported throughout the year [140]. - The company has conducted third-party monitoring of emissions quarterly during the heating season [137]. - The company has established emergency response plans for environmental incidents at its heating stations [136]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 30,489, down from 35,893 at the end of the previous month [160]. - The largest shareholder, Evergrande Group, holds 76,032,050 shares, representing 20.00% of the total shares, with shares frozen [163]. - The second largest shareholder, Langfang Investment Holding Group, holds 58,173,700 shares, representing 15.30% of the total shares, with shares also frozen [163]. - The company has not experienced any changes in its total share capital or share structure during the reporting period [159]. - There are no significant changes in the company's controlling shareholder or actual controller during the reporting period [168].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 11,519,414.57, a decrease of 7.02% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 4,011,800.86, representing a decline of 174.01% year-on-year[5]. - The basic earnings per share for the current period was -0.011 CNY, down 176.92% from the previous year[6]. - Total operating revenue for the first three quarters of 2021 was CNY 96,390,822.55, a decrease of 6.3% compared to CNY 102,684,632.94 in the same period of 2020[19]. - Net profit for the third quarter was a loss of CNY 6,854,042.97, compared to a profit of CNY 10,882,676.19 in the same quarter of 2020[21]. - Basic and diluted earnings per share for the third quarter were both CNY -0.026, compared to CNY 0.008 in the same quarter of 2020[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 570,954,807.81, a decrease of 15.13% compared to the end of the previous year[6]. - The company's equity attributable to shareholders decreased by 5.79% to CNY 158,710,113.59 compared to the end of the previous year[6]. - Total assets decreased from 672,770,202.50 RMB at the end of 2020 to 570,954,807.81 RMB, a reduction of about 15.1%[16]. - The total liabilities amounted to CNY 324,956,692.78, a decrease from CNY 416,650,044.50 in the previous year[20]. - The total cash and cash equivalents at the end of the period were CNY 60,252,825.55, down from CNY 86,127,624.76 in the same quarter last year[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was -45,842,122.20 CNY, indicating significant cash outflow[5]. - The company reported a net cash outflow from operating activities of CNY 45,842,122.20, an improvement from a net outflow of CNY 67,774,616.31 in the previous year[22]. - The net cash flow from investing activities was -CNY 30,233,918.81, compared to -CNY 12,006,303.29 in the previous year, indicating a significant increase in investment outflows[23]. - The net cash flow from financing activities was CNY 28,545,453.29, a decrease from CNY 33,914,735.41 year-over-year[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,043[12]. - The largest shareholder, Evergrande Real Estate Group Co., Ltd., holds 76,032,050 shares, accounting for 20.00% of total shares[12]. - The second-largest shareholder, Langfang Investment Holding Group Co., Ltd., holds 58,173,700 shares, representing 15.30% of total shares[12]. Cost and Expenses - Total operating costs increased to CNY 103,140,384.48, up 6.5% from CNY 96,553,382.18 year-over-year[19]. - The company incurred sales expenses of CNY 927,221.86, an increase of 34.7% from CNY 689,370.42 in the previous year[20]. - The company is facing increased coal prices, which will significantly raise the cost of coal procurement, and it plans to mitigate this impact through cost reduction and efficiency improvement measures[14]. Future Outlook and Strategies - The decline in net profit was primarily due to increased raw material costs and the impact of a subsidiary's liquidation in the previous period[9]. - The company is focusing on improving cash flow management and reducing operational costs to enhance financial stability moving forward[22]. - Research and development expenses were not specified but are critical for future product development and market expansion strategies[20].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥84.87 million, a decrease of 6.01% compared to ¥90.30 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥5.74 million, compared to a loss of ¥2.39 million in the same period last year[20]. - The net cash flow from operating activities was a negative ¥48.30 million, compared to a negative ¥43.69 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥584.32 million, a decrease of 13.15% from ¥672.77 million at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 3.41% to approximately ¥162.72 million from ¥168.46 million at the end of the previous year[20]. - The basic earnings per share for the first half of 2021 was -¥0.015, compared to -¥0.006 in the same period last year[21]. - The weighted average return on net assets was -3.47%, compared to -1.15% in the same period last year[21]. - Operating costs increased by 11.19% to approximately ¥70.18 million, up from ¥63.12 million, primarily due to rising raw material prices[45]. - Sales expenses surged by 97.32% to approximately ¥658,711, attributed to increased business development costs[45]. - The company reported a net loss of ¥318,745,472.72, compared to a loss of ¥313,006,350.11 in the previous period, indicating a slight increase in losses[88]. Assets and Liabilities - Total assets decreased from 72,000 million to 58,000 million, a decline of 19.44% year-on-year[47]. - Cash and cash equivalents decreased by 48.37% from 10,799.80 million to 5,575.80 million, primarily due to payments for raw materials[47]. - Accounts receivable decreased by 27.67% from 1,670.04 million to 1,207.94 million, reflecting the collection of heating fees and project payments[47]. - Inventory decreased by 61.78% from 1,065.89 million to 407.41 million, attributed to normal consumption of raw materials[47]. - Contract liabilities decreased by 56.83% from 8,376.66 million to 3,616.33 million, indicating revenue recognition during the period[47]. - Deferred income increased by 48.43% from 410.67 million to 609.55 million, due to government subsidies received[47]. - The total liabilities decreased to ¥329,460,760.80 from ¥416,650,044.50, reflecting a reduction of approximately 21%[88]. Business Operations - The company signed a heating area of 445,200 square meters in the first half of 2021, with a cumulative signed area of 9,972,000 square meters and an actual heating area of 4,705,200 square meters[26]. - The company operates in a heating area exceeding 100 square kilometers, making it the largest heating enterprise in Langfang City[26]. - The company achieved revenue of 1,438,700 CNY from property leasing during the reporting period[26]. - The company is focusing on expanding its heating business in Langfang and surrounding areas, leveraging its state-owned background and professional team[38]. - The company is actively pursuing opportunities in the Daxing International Airport economic zone to expand its heating business[31]. Environmental and Safety Compliance - The company achieved ultra-low emissions for particulate matter not exceeding 10 mg/m³, sulfur dioxide not exceeding 35 mg/m³, and nitrogen oxides not exceeding 80 mg/m³ during the reporting period[61]. - The company implemented SCR+SNCR composite denitrification and wet magnesium oxidation desulfurization technology at its heating stations, effectively controlling emissions[60]. - The company has established emergency response plans for environmental incidents at its heating stations, with specific registration numbers for each station[62]. - The company reported no administrative penalties related to environmental issues during the reporting period[63]. - The company’s emissions from five natural gas boilers met the required standards for nitrogen oxides, particulate matter, and sulfur dioxide[63]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 31,002[76]. - The largest shareholder, Evergrande Group, holds 76,032,050 shares, representing 20% of the total shares[78]. - The second-largest shareholder, Langfang Investment Holding Group, holds 58,173,700 shares, representing 15.30% of the total shares[78]. - The actual controller of the company changed to Langfang Finance Bureau on May 28, 2021[80]. - The total equity of the company at the end of the reporting period is CNY 179,055,549.11, a decrease from CNY 185,335,908.58 at the end of the previous year[114]. Financial Reporting and Compliance - The company's financial report was approved by the board of directors on August 27, 2021[129]. - The financial statements comply with the requirements of the accounting standards and reflect the company's financial position and operating results accurately[134]. - The company has not reported any new product launches or technological advancements in this period[108]. - The company plans to maintain its current strategies without major changes in the near future[108]. Risk Management - The company faced significant risks as outlined in the management discussion and analysis section of the report[6]. - The company faces risks including policy changes, market competition, financial risks, raw material price fluctuations, and environmental compliance costs[52].

[I. Important Notice](index=3&type=section&id=I.%20Important%20Notice) The company's board, supervisory board, and senior management confirm the report's truthfulness, accuracy, and completeness, noting all directors attended the review and the report is unaudited - The company's board of directors, supervisory board, and senior management guarantee the **truthfulness, accuracy, and completeness** of this quarterly report, with all directors attending the review meeting, and the report is **unaudited**[8](index=8&type=chunk) [II. Company Profile](index=3&type=section&id=II.%20Company%20Profile) This section provides an overview of the company's key financial data and shareholder information [2.1 Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2021, the company's performance significantly declined year-over-year, with revenue down 6.78%, a net loss of 602,132.35 Yuan, and increased negative operating cash flow Key Financial Indicators for Q1 2021 | Indicator | Current Period | Same Period Last Year | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 72,040,858.86 | 77,278,820.14 | -6.78% | | Net Profit Attributable to Shareholders (Yuan) | -602,132.35 | 922,660.66 | -165.26% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan) | -567,852.29 | 917,108.58 | -161.92% | | Net Cash Flow from Operating Activities (Yuan) | -39,309,300.90 | -19,139,167.48 | Not Applicable | | Basic Earnings Per Share (Yuan/Share) | -0.0016 | 0.0024 | -166.67% | | Weighted Average Return on Net Assets (%) | -0.36% | 0.44% | Decreased 0.80 percentage points | | **Balance Sheet Indicators** | **End of Current Period** | **End of Previous Year** | **Period-end vs. Previous Year-end Change (%)** | | Total Assets (Yuan) | 617,983,444.32 | 672,770,202.50 | -8.14% | | Net Assets Attributable to Shareholders (Yuan) | 167,858,904.71 | 168,461,037.06 | -0.36% | - Total **non-recurring gains and losses** for the period amounted to **-34,280.06 Yuan**, primarily comprising net non-operating income/expenses, minority interest impact, and income tax effects[9](index=9&type=chunk) [2.2 Total Shareholders, Top Ten Shareholders, and Top Ten Circulating Shareholders as of the End of the Reporting Period](index=4&type=section&id=2.2%20Total%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Circulating%20Shareholders%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of Q1 2021, the company had 28,050 shareholders; Evergrande Real Estate Group was the largest (20.00%), followed by Langfang Investment Holding Group (15.30%) with some frozen shares - As of the end of the reporting period, the company had a total of **28,050 common stock shareholders**[10](index=10&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares Held (Shares) | Holding Percentage (%) | Share Status | | :--- | :--- | :--- | :--- | | Evergrande Real Estate Group Co., Ltd. | 76,032,050 | 20.00 | None | | Langfang Investment Holding Group Co., Ltd. | 58,173,700 | 15.30 | Frozen 50,050,000 shares | | Li Dong | 7,040,800 | 1.85 | None | | Huang Yuping | 5,490,000 | 1.44 | None | | Du Yongkang | 4,837,859 | 1.27 | None | [III. Significant Events](index=5&type=section&id=III.%20Significant%20Events) This section details significant changes in financial statement items and unfulfilled commitments [3.1 Analysis of Significant Changes in Major Financial Statement Items and Indicators and Their Reasons](index=5&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Major%20Financial%20Statement%20Items%20and%20Indicators%20and%20Their%20Reasons) Significant changes in financial items include a 38.49% cash decrease, 64.83% contract liability reduction, and 8.53% operating cost increase, alongside new lease standard adjustments Changes in Major Financial Items and Reasons | Item | Change Percentage (%) | Reason for Change | | :--- | :--- | :--- | | **Balance Sheet Items** | | | | Cash and Cash Equivalents | -38.49% | Primarily for raw material payments | | Prepayments | 85.47% | Primarily for advance engineering payments | | Accounts Payable | 38.62% | Primarily due to increased raw material and operation/maintenance costs | | Contract Liabilities | -64.83% | Primarily due to recognition of heating service revenue | | Employee Compensation Payable | -71.58% | Primarily for payment of accrued salaries from the previous period | | **Income Statement Items** | | | | Operating Cost | 8.53% | Primarily due to rising raw material prices | | **Cash Flow Statement Items** | | | | Cash Received from Sales of Goods and Services | -30.83% | Primarily due to different timing of receipts for heating fees, engineering projects, etc | | Cash Paid for Goods and Services | 58.86% | Primarily for raw material payments | | Taxes and Surcharges Paid | 79.57% | Primarily due to an increase in VAT | [3.3 Overdue Unfulfilled Commitments During the Reporting Period](index=6&type=section&id=3.3%20Overdue%20Unfulfilled%20Commitments%20During%20the%20Reporting%20Period) An asset injection commitment from 2008 by Hainan Zhongyi International Economic and Technical Cooperation Co., Ltd. remains unfulfilled due to operational difficulties, despite the company's legal actions - Hainan Zhongyi International Economic and Technical Cooperation Co., Ltd. failed to fulfill its December 2008 commitment regarding an asset injection with an annual **net asset return of no less than 6%** due to operational difficulties; the company withdrew its arbitration application in July 2018 to gather further evidence, and the commitment remains unfulfilled[13](index=13&type=chunk) [IV. Appendix](index=7&type=section&id=IV.%20Appendix) This section includes the unaudited financial statements for the first quarter of 2021 and explanations for adjustments due to new leasing standards [4.1 Financial Statements](index=7&type=section&id=4.1%20Financial%20Statements) This section contains the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2021, detailing financial position, operating results, and cash flows [Consolidated Balance Sheet](index=7&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2021, total assets were 617,983,444.32 Yuan (down 8.14%), total liabilities 357,500,672.00 Yuan (down 14.19%), and net assets attributable to shareholders 167,858,904.71 Yuan (down 0.36%) Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Assets | 617,983,444.32 | 672,770,202.50 | | Total Liabilities | 357,500,672.00 | 416,650,044.50 | | Total Equity Attributable to Parent Company Shareholders | 167,858,904.71 | 168,461,037.06 | | Total Liabilities and Equity | 617,983,444.32 | 672,770,202.50 | [Parent Company Balance Sheet](index=9&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2021, the parent company's total assets were 219,773,080.34 Yuan, slightly down from year-end, with liabilities at 36,778,675.99 Yuan and owner's equity at 182,994,404.35 Yuan Key Items from Parent Company Balance Sheet (Unit: Yuan) | Item | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Assets | 219,773,080.34 | 222,175,531.79 | | Total Liabilities | 36,778,675.99 | 36,839,623.21 | | Total Owner's Equity | 182,994,404.35 | 185,335,908.58 | | Total Liabilities and Equity | 219,773,080.34 | 222,175,531.79 | [Consolidated Income Statement](index=11&type=section&id=Consolidated%20Income%20Statement) In Q1 2021, operating revenue was 72,040,858.86 Yuan (down 6.78%), operating costs 64,672,855.01 Yuan (up 8.53%), leading to a net loss of 602,132.35 Yuan attributable to parent company shareholders, a reversal from profit Key Items from Consolidated Income Statement (Unit: Yuan) | Item | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Total Operating Revenue | 72,040,858.86 | 77,278,820.14 | | Total Operating Cost | 64,672,855.01 | 61,167,213.96 | | Total Profit | 7,250,302.54 | 16,112,485.67 | | Net Profit | 4,362,614.32 | 11,134,595.34 | | Net Profit Attributable to Parent Company Shareholders | -602,132.35 | 922,660.66 | [Parent Company Income Statement](index=13&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2021, the parent company's operating revenue decreased 26.97% to 137,736.47 Yuan, with a net loss of 2,341,504.23 Yuan, an increase from the 1,931,740.90 Yuan loss in the prior year Key Items from Parent Company Income Statement (Unit: Yuan) | Item | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Operating Revenue | 137,736.47 | 188,605.17 | | Operating Profit | -2,341,504.23 | -1,931,740.90 | | Net Profit | -2,341,504.23 | -1,931,740.90 | [Consolidated Cash Flow Statement](index=14&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2021, net operating cash flow was -39,309,300.90 Yuan, a significant increase in outflow due to higher goods payments; investing and financing activities also showed net outflows, with cash equivalents at 66,427,897.78 Yuan Key Items from Consolidated Cash Flow Statement (Unit: Yuan) | Item | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -39,309,300.90 | -19,139,167.48 | | Net Cash Flow from Investing Activities | -1,816,379.24 | -4,745,610.08 | | Net Cash Flow from Financing Activities | -444,453.91 | -5,285,891.67 | | Net Increase in Cash and Cash Equivalents | -41,570,134.05 | -29,170,669.23 | | Cash and Cash Equivalents at End of Period | 66,427,897.78 | 102,143,139.72 | [Parent Company Cash Flow Statement](index=15&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2021, the parent company's net operating cash flow was -1,162,538.84 Yuan, consistent with the prior year, with no investing or financing cash flows, and cash equivalents totaling 9,616,952.47 Yuan at period-end Key Items from Parent Company Cash Flow Statement (Unit: Yuan) | Item | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -1,162,538.84 | -1,298,268.24 | | Net Increase in Cash and Cash Equivalents | -1,162,538.84 | -1,298,268.24 | | Cash and Cash Equivalents at End of Period | 9,616,952.47 | 56,533,823.01 | [4.2 Explanation of Adjustments to Beginning-of-Year Financial Statements Upon First-Time Adoption of New Lease Standards from 2021](index=16&type=section&id=4.2%20Explanation%20of%20Adjustments%20to%20Beginning-of-Year%20Financial%20Statements%20Upon%20First-Time%20Adoption%20of%20New%20Lease%20Standards%20from%202021) The company adopted new lease standards effective January 1, 2021, adjusting opening financial statements to recognize new right-of-use assets and lease liabilities, with no material impact on overall financial position, operating results, or cash flows, and no effect on parent company statements - In accordance with Accounting Standard No. 21 – Leases issued by the Ministry of Finance in 2018, the company adopted new lease standards effective January 1, 2021, adjusting opening balances of relevant financial statement items; this accounting policy change will **not have a material impact** on the company's financial position, operating results, or cash flows[37](index=37&type=chunk) Key Adjustments to Consolidated Balance Sheet (Unit: Yuan) | Item | Before Adjustment (December 31, 2020) | After Adjustment (January 1, 2021) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Right-of-Use Assets | 0.00 | 1,265,678.17 | 1,265,678.17 | | Lease Liabilities | 0.00 | 1,265,678.17 | 1,265,678.17 |