贾洪文 霍宗杰 姬云香 根据《上海证券交易所股票上市规则》《上市公司治理准则》《上 市公司独立董事规则》以及《上市公司自律监管指引第 1 号—规范运 作》等有关文件的规定，我们作为兰州长城电工股份有限公司（以下 简称"公司"）独立董事，基于独立判断，现对公司第八届董事会第 五次会议《关于增补董事的议案》发表以下独立意见： 经审阅刘万祥的履历等材料，认为该同志符合担任上市公司董事 的条件，能够胜任公司董事的职责要求，提名程序符合法律、法规和 《公司章程》的相关规定。 我们一致同意提名刘万祥为公司第八届董事会非独立董事候选 人，任期与公司第八届董事会一致，并同意提交公司股东大会审议。 独立董事： 兰州长城电工股份有限公司独立董事 关于增补董事的独立意见 2023 年 8 月 31 日 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately CNY 1.06 billion, representing a 4.45% increase compared to the same period last year[20]. - The net profit attributable to shareholders for the first half of 2023 was a loss of approximately CNY 33.47 million, an improvement of 14.74% from a loss of CNY 39.26 million in the previous year[20]. - The net cash flow from operating activities was approximately CNY 93.92 million, a significant recovery from a negative cash flow of CNY 13.06 million in the same period last year[20]. - The company reported a basic earnings per share of -CNY 0.0758, an improvement of 14.74% from -CNY 0.0889 in the same period last year[20]. - The weighted average return on net assets was -2.16%, an increase of 0.18 percentage points compared to -2.34% in the previous year[20]. - The company achieved operating revenue of CNY 1.06 billion, a year-on-year increase of 4.45%[29]. - The net profit attributable to shareholders was a loss of CNY 33.47 million, a reduction in loss of 14.74% compared to the previous year[29]. - The company reported a net cash flow from operating activities of CNY 939.23 million, a significant turnaround from a negative cash flow of CNY 130.58 million in the previous year[31]. - The company reported a total comprehensive loss of CNY 42,585,039.05 for the first half of 2023, compared to CNY 47,271,746.22 in the same period of 2022[95]. - The company’s cash flow management strategies are expected to focus on improving liquidity and reducing financial costs in the upcoming quarters[94]. Industry Overview - The electrical industry saw a total import and export value of USD 46.3 billion in the first half of 2023, with a year-on-year growth of 15%[23]. - The electrical industry’s operating income and total profit both grew by 15% and 13% respectively in the first half of 2023 compared to the previous year[23]. - Fixed asset investment in the electrical industry increased by 8% year-on-year in the first half of 2023[23]. Assets and Liabilities - The company's total assets increased by 1.53% to approximately CNY 5.00 billion compared to the end of the previous year[20]. - Cash and cash equivalents decreased by 17.88% to ¥311,546,097.58, primarily due to increased cash payments for investment and financing activities[38]. - Accounts receivable increased by 0.66% to ¥1,393,523,031.93, driven by higher revenue during the period[38]. - Inventory rose by 4.09% to ¥1,271,247,093.06, mainly due to an increase in work-in-progress products[38]. - Short-term borrowings decreased by 18.11% to ¥885,710,729.83, primarily due to the repayment of maturing bank loans[39]. - Long-term borrowings increased by 66.47% to ¥249,946,231.94, reflecting the addition of a new 18-month bank loan of ¥100 million[39]. - Total liabilities reached CNY 3,460,235,763.14, compared to CNY 3,341,680,444.10 at the end of 2022, representing an increase of approximately 3.5%[88]. Cash Flow and Investments - The company has received government subsidies of CNY 50 million related to urban relocation, contributing to improved cash flow[34]. - The company is investing in ongoing projects, including the "Industrial Park Power Transmission and Transformation Equipment Expansion and Upgrade Project," which has seen increased prepayments[38]. - The company raised CNY 870,000,000.00 through borrowings in the first half of 2023, compared to CNY 664,000,000.00 in the same period last year, reflecting an increase of approximately 30.96%[100]. Management and Governance - The company has undergone significant management changes, with the election of a new board and supervisory committee on January 16, 2023, including the appointment of He Jianwen as the new chairman[50]. - The company ensures the independence of its operations, including personnel, assets, and financial management, to avoid conflicts of interest with its controlling shareholder[66]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[76]. Environmental Compliance - Environmental monitoring is conducted monthly by qualified agencies to ensure compliance with pollution discharge standards[59]. - The company has established and maintained pollution prevention facilities, ensuring effective treatment of wastewater and solid waste generated during production[56]. - The company reported no administrative penalties related to environmental issues during the reporting period[60]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 38,170[78]. - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 171,272,753 shares, representing 38.77% of the total shares[80]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[77]. Future Commitments - The company has committed to invest 300,000 yuan in poverty alleviation and rural revitalization efforts in 2023, with 120,000 yuan already allocated to two projects by the end of June[60]. - The company plans to distribute cash dividends amounting to at least 30% of the average distributable profit over the years 2021-2023, contingent on positive net profit[67].

证券代码：600192 证券简称：长城电工 公告编号：2023-35 兰州长城电工股份有限公司 关于召开 2023 年半年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 8 月 29 日（星期二）上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 8 月 24 日（星期三）至 8 月 28 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gwe@chinagwe.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 兰州长城电工股份有限公司（以下简称"公司"）于 2023 年 8 月 22 日发布公司 2023 年半年度报告，为便于广大投资者更全面深 入地了解公司 2023 年半度经营成果、财务状况，公司计划于 2023 年 8 月 29 日上午 10:0 ...

具体内容详见 2023 年 8 月 22 日上海证券交易所网站刊载的《长 城电工 2023 年半年度报告》。 同意 8 票，反对 0 票，弃权 0 票。 证券代码：600192 证券简称：长城电工 公告编号：2023-34 兰州长城电工股份有限公司 第八届董事会第四次会议决议公告 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个别及连带责任。 兰州长城电工股份有限公司第八届董事会第四次会议于 2023 年 8 月 18 日以通讯方式召开，应参会董事 8 人，实际参会 8 人。会议 的召开符合《公司法》及《公司章程》的有关规定，审议并通过了以 下议案： 一、公司 2023 年半年度报告 二、公司 2023 年度工资预算总额 同意 8 票，反对 0 票，弃权 0 票。 特此公告。 兰州长城电工股份有限公司 董 事 会 2023 年 8 月 22 日 ...

2023 年第一季度报告 证券代码：600192 证券简称：长城电工 兰州长城电工股份有限公司 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、主管会计工作负责人及会计机构负责人（会计主管人员）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 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助，但与公司正常经营业务密切相关， | | | | 符合国家政策规定、按照一定标准定额或定量持续享受的政府 | 11,818,818.69 | | | 补助除外 | | | | 债务重组损益 | -9,699.90 | | | 除上述各项之外的其他营业外收入和支出 | 70,415.41 | | | 减：所得税影响额 | 8,110,846.69 | | ...

Financial Performance - The company achieved operating revenue of CNY 2.16 billion in 2022, a year-on-year increase of 4.60%[22] - The net profit attributable to shareholders was a loss of CNY 119.78 million, an improvement of 6.47% compared to the previous year's loss of CNY 128.07 million[22] - The gross profit margin increased by 9.30 percentage points compared to the same period last year, indicating an improvement in operational performance[24] - The cash flow from operating activities was a negative CNY 221.09 million, significantly worse than the previous year's negative CNY 10.97 million[22] - The total assets of the company at the end of 2022 were CNY 4.93 billion, an increase of 5.20% from the previous year[22] - The company reported a basic earnings per share of -CNY 0.2712, slightly improved from -CNY 0.2899 in 2021[23] - The weighted average return on net assets was -7.34%, a slight decrease of 0.04 percentage points from the previous year[23] - The total profit for the period was -141 million RMB, with a net profit attributable to shareholders of -120 million RMB[40] - The company reported a significant loss in Q4 2022, with a net profit attributable to shareholders of RMB -88,701,672.61[9] - The company reported a total comprehensive loss of RMB 144,078,535.08 for 2022, compared to a loss of RMB 134,825,175.48 in 2021[184] Revenue Segments - The revenue from the switch cabinet business segment increased by CNY 210 million, with a growth rate of 19.78%[24] - The revenue from engineering project business surged by 83.09 million RMB, reflecting a significant increase of 723.28% due to new wind power projects[41] - The revenue from the switchgear business segment increased by 209.65 million RMB, with a growth rate of 19.78%[41] - The company faced a decrease in revenue from the electrical components segment, which fell by 109.76 million RMB, a decline of 21.15%[41] - The company’s revenue from the logistics trading business decreased by 58.88% year-on-year, indicating a significant decline in this segment[45] Research and Development - The company maintained a research and development investment intensity of over 3% throughout the year, focusing on enhancing technological innovation capabilities[30] - The company invested 942 million RMB in R&D, which is a 22.87% increase from the previous year, highlighting a focus on innovation[41] - Total R&D expenses for the period amounted to ¥94,244,366.70, representing 4.36% of total revenue[56] - The company employed 527 R&D personnel, making up 14.05% of the total workforce[57] - The company is actively involved in various collaborative research projects with institutions such as Shanghai Jiao Tong University and Tsinghua University, focusing on advanced electrical equipment[34] Governance and Compliance - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[80] - The board of directors convened five meetings, enhancing decision-making through specialized committees and independent oversight[81] - The company has strengthened investor relations management to improve communication and protect investor rights[81] - The company has revised its governance documents to align with legal requirements and improve operational transparency[82] - The company is focused on enhancing governance and compliance, ensuring effective internal controls and risk management systems[74] Market and Industry Outlook - The overall revenue of the electrical manufacturing industry grew by approximately 10% year-on-year, reaching nearly 6 trillion yuan, with total profits exceeding 350 billion yuan[64] - The electrical manufacturing industry is expected to maintain an annual growth rate of around 5%, with the total industrial output value projected to exceed 6 trillion yuan by 2025, contributing over 2.5% to GDP[68] - The electrical manufacturing industry is experiencing a shift towards renewable energy, with the share of renewable energy and new energy generation equipment expected to exceed 40%[68] Financial Risks and Challenges - The company faces significant market risks due to macroeconomic factors and intensified competition, with industry capacity remaining relatively excessive[76] - The company is experiencing funding risks, with high accounts receivable leading to tight liquidity and uncertainty in project financing[77] - Raw material prices, particularly for steel and non-ferrous metals, have surged, causing persistent cost pressures and low product prices due to fierce competition[78] - Operating expenses are increasing due to the transition of two original factory sites, leading to higher depreciation and labor costs[79] Environmental and Social Responsibility - During the reporting period, the company invested 26 million yuan in environmental protection initiatives[118] - The company has built and maintained pollution prevention facilities, ensuring effective treatment of wastewater and solid waste generated during production[121] - The company conducted monthly monitoring of wastewater and noise emissions through qualified testing agencies to ensure compliance with discharge standards[124] - The company has established emergency response plans for environmental incidents and completed necessary training and drills to enhance response capabilities[123] - The company invested a total of 580,000 CNY in poverty alleviation and rural revitalization projects, benefiting 626 impoverished individuals across 4 villages[126] Shareholder and Capital Structure - The total number of ordinary shareholders as of the end of the reporting period is 46,026, an increase from 41,987 at the end of the previous month[156] - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 171,272,753 shares, representing 38.77% of the total shares[157] - The company has no significant changes in its share capital structure during the reporting period[154] - The company plans to distribute dividends in cash or a combination of cash and stock, depending on profitability[132] - The company plans to distribute at least 30% of the average distributable profit in cash over the years 2021 to 2023[133] Legal and Litigation Matters - The company is involved in four litigation cases with a total amount of approximately RMB 127 million related to contract disputes[142] - The company has ongoing litigation cases with amounts of 94 million RMB and 35.60 million RMB, both currently under trial[141] - The company has a successful track record in litigation, with multiple cases resulting in favorable outcomes and ongoing enforcement[141] - The company has reported a total of 733.06 million RMB in contract disputes, with various cases still in execution[141] Internal Control and Audit - The internal control audit report received a standard unqualified opinion, indicating effective internal control measures[116] - The company has completed 36 revisions to internal control systems and standards in accordance with internal control basic norms and supporting guidelines[114] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2022[167] - The audit committee held 4 meetings during the reporting period to discuss various audit-related matters[100]

Financial Performance - The company achieved operating revenue of CNY 2.16 billion in 2022, a year-on-year increase of 4.60%[22] - The net profit attributable to shareholders was a loss of CNY 119.78 million, an improvement of 6.47% compared to the previous year's loss of CNY 128.07 million[22] - The gross profit margin increased by 9.30 percentage points compared to the same period last year, indicating an improvement in operational performance[24] - The company reported a cash flow from operating activities of -CNY 221.09 million, a significant decline compared to -CNY 10.97 million in 2021[22] - The total assets of the company at the end of 2022 were CNY 4.93 billion, an increase of 5.20% from the previous year[22] - The basic earnings per share for 2022 was -CNY 0.2712, showing a slight improvement from -CNY 0.2899 in 2021[23] - The company’s weighted average return on equity was -7.34% for 2022, a slight decrease from -7.30% in the previous year[23] - The total profit for the period was a loss of CNY 141 million, with a net profit attributable to shareholders also at a loss of CNY 120 million[40] - The company reported a decrease in cash flow from financing activities by 22.30 million yuan year-on-year, primarily due to a 25.23 million yuan decrease in cash received from bill discounts[44] - The company reported a total comprehensive loss of RMB 144,078,535.08 for 2022, compared to a loss of RMB 134,825,175.48 in 2021[182] Revenue Breakdown - The company’s revenue from the switchgear business segment increased by CNY 21.8 million, with a growth rate of 19.05%[24] - The revenue from the switchgear business segment increased by 201.84 million yuan, with a growth rate of 19.05%[46] - The revenue from engineering project business surged by CNY 83.09 million, a remarkable increase of 723.28% due to new wind power projects[41] - The revenue from automation device business rose by CNY 26.36 million, reflecting a growth of 16.39%[41] - The revenue from electrical components decreased by CNY 111.54 million, a decline of 21.49%[41] - The revenue from logistics trade dropped by CNY 132.47 million, a significant decline of 53.10%[41] Research and Development - The company maintained a research and development investment intensity of over 3% throughout the year, focusing on enhancing technological innovation capabilities[30] - The company increased its R&D expenses by CNY 17.54 million, a rise of 22.87%, to enhance product development[43] - Total R&D expenditure for the period amounted to ¥94,244,366.70, representing 4.36% of total revenue[56] - R&D personnel count stands at 527, accounting for 14.05% of the total workforce[57] Governance and Compliance - The company completed 68 reform tasks as part of the state-owned enterprise reform action plan, enhancing internal governance and risk management systems[31] - The company is committed to enhancing governance and compliance, ensuring effective internal controls and risk management systems are in place[72] - The company held three shareholder meetings during the reporting period, ensuring compliance with legal regulations and protecting shareholder rights[77] - The board of directors convened five meetings, enhancing decision-making processes and the effectiveness of independent directors[78] - The supervisory board also held five meetings, ensuring compliance and protecting the interests of shareholders[78] Market and Strategic Initiatives - The company established a new marketing model that integrates regional and industry markets, significantly expanding its market scale[32] - The company is actively pursuing strategic partnerships and exploring integrated development models with industry chain clients to capture new market opportunities[69] - The company is focusing on technology innovation and product structure optimization, with plans to enhance core technology capabilities and accelerate the transformation of R&D results[70] - The company is focusing on mergers and acquisitions to optimize its industrial structure and extend its industrial chain, aiming for a dual-driven development model of "industrial operation + capital operation"[73] Environmental and Social Responsibility - In 2022, the company invested 26 million yuan in environmental protection initiatives[116] - The company maintained compliance with environmental standards, with no exceedances reported for key pollutants such as COD and total zinc[118] - The company has developed and implemented emergency response plans for environmental incidents, enhancing its capability to handle such events[121] - The company invested a total of 580,000 CNY in poverty alleviation projects across 4 villages, benefiting 626 impoverished individuals[124] Legal and Litigation Matters - The company is involved in 4 litigation cases with a total amount of approximately RMB 127 million related to contract disputes[140] - The company has completed a total of 8 litigation cases, with amounts including RMB 806.26 million and RMB 733.06 million, among others[139] - The company has ongoing litigation cases with amounts such as RMB 423.67 million and RMB 50 million still under review[139] - The company is actively managing its litigation risks and has reported on the status of ongoing cases in its announcements[140] Shareholder and Capital Structure - The largest shareholder, Gansu Electric Equipment Group Co., Ltd., holds 171,272,753 shares, representing 38.77% of the total shares[155] - The total number of ordinary shareholders as of the end of the reporting period is 46,026, an increase from 41,987 at the end of the previous month[153] - The company has no significant changes in its share capital structure during the reporting period[152] - The company has not engaged in any share repurchase during the reporting period[161] Financial Position and Assets - The company's total assets amounted to ¥4,925,216,069.90 in 2022, up from ¥4,681,547,727.71 in 2021, indicating a growth of about 5.2%[175] - Cash and cash equivalents increased to ¥61,666,228.45 in 2022 from ¥58,066,738.03 in 2021, a rise of approximately 4.5%[177] - The total current liabilities increased to ¥2,992,839,772.45 in 2022 from ¥2,652,636,842.85 in 2021, representing a growth of approximately 12.9%[175] - Owner's equity decreased to ¥1,583,535,625.80 in 2022 from ¥1,727,839,160.88 in 2021, a decline of approximately 8.3%[175]

证券代码：600192 证券简称：长城电工 公告编号：2023-21 兰州长城电工股份有限公司 关于召开 2022 年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 4 月 26 日（星期三）下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 21 日（星期五）至 4 月 25 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gwe@chinagwe.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 兰州长城电工股份有限公司（以下简称"公司"）于 2023 年 4 月 18 日发布公司 2022 年年度报告，为便于广大投资者更全面深入 地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 4 月 26 日下午 15:00-16 ...

2022 年第三季度报告 证券代码：600192 证券简称：长城电工 兰州长城电工股份有限公司 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： 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、主管会计工作负责人及会计机构负责人（会计主管人员）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 单位：元 币种：人民币 | | | 本报告期比上 | | 年初至报告期末比 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 年同期增减变 | 年初至报告期末 | 上年同期增减变动 | | | | 动幅度(%) | | 幅度(%) | | 营业收入 | 673,137,805.07 | 37.77 | 1,688,006,372.14 | 15.39 | | ...

Financial Performance - The company achieved operating revenue of CNY 1,014.87 million in the first half of 2022, representing a 4.16% increase compared to the same period last year[19]. - The net profit attributable to shareholders was a loss of CNY 39.26 million, an improvement of 5.92% from a loss of CNY 41.73 million in the previous year[19]. - The net cash flow from operating activities was a negative CNY 13.06 million, showing a significant improvement of 76.03% compared to a negative CNY 54.48 million in the same period last year[19]. - The company recorded a loss of CNY 43.93 million after deducting non-recurring gains and losses, which is a 15.08% improvement from a loss of CNY 51.73 million in the previous year[19]. - The company reported a net loss of 997,590 CNY for its subsidiary, indicating challenges in profitability[40]. - The company reported a total comprehensive loss of CNY 47,271,746.22 for the first half of 2022, compared to a loss of CNY 45,000,664.69 in the first half of 2021[92]. - The company reported a total comprehensive income for the period was a loss of CNY 42,838,742.66, reflecting a significant decline in profitability[103]. Assets and Liabilities - The company's total assets increased by 0.27% to CNY 4,694.28 million compared to the end of the previous year[19]. - The company's total liabilities increased to CNY 3,013,715,812.04 from CNY 2,953,708,566.83, representing a rise of approximately 2.18%[86]. - The company's equity decreased from CNY 1,727,839,160.88 to CNY 1,680,567,414.66, a decline of about 2.73%[86]. - The total amount of restricted assets was 199,269,006.39 CNY, including restricted cash of 123,691,571.79 CNY[38]. - The total equity attributable to the parent company at the end of the reporting period was CNY 1,653,310,448.45, down from CNY 1,696,948,912.43 at the end of the previous year, reflecting a decrease of approximately 2.6%[101]. Revenue and Costs - Total operating revenue for the first half of 2022 was CNY 1,014,868,567.07, an increase of 4.1% compared to CNY 974,336,492.00 in the first half of 2021[91]. - Total operating costs for the first half of 2022 were CNY 1,058,045,921.82, up from CNY 1,015,696,262.49 in the same period last year, reflecting a rise of 4.2%[91]. - The revenue from medium-voltage switchgear increased by CNY 152 million, a growth of 54.67% year-on-year[30]. - The revenue from electrical components decreased by CNY 3.7 million, a decline of 10.64% year-on-year[30]. Research and Development - Research and development expenses rose by CNY 9.24 million, an increase of 29.13% year-on-year[31]. - The company has established three national-level technology centers and several provincial-level research facilities, indicating strong R&D capabilities[24]. - Research and development expenses for the first half of 2022 were CNY 40,944,213.93, up from CNY 31,706,563.63 in the first half of 2021, representing a growth of 29.1%[91]. Market Challenges - The company faced challenges due to intensified market competition, declining contract quality, and high raw material prices, which compressed profit margins[19]. - The company faced challenges such as low product prices and rising raw material costs, impacting profitability[27]. - The company faces significant market risks due to macroeconomic factors and increased competition in the electrical machinery industry[41]. Environmental Compliance - The company has established and maintained pollution control facilities to ensure compliance with environmental standards[52]. - The company has completed the revision of emergency response plans for environmental incidents and conducted training[54]. - The company has implemented monthly monitoring of wastewater and noise emissions to ensure compliance[55]. - The company reported no administrative penalties for environmental issues during the reporting period[56]. Shareholder and Governance - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[6]. - The company has committed to ensuring no direct or indirect competition with its main business activities, with a long-term commitment from the controlling shareholder, Gansu Electric Group[59]. - The company plans to distribute cash dividends amounting to at least 30% of the average distributable profit over the years 2021-2023, contingent on positive net profit[64]. - The company guarantees the independence of its financial operations, ensuring no shared bank accounts with the controlling shareholder[63]. Cash Flow and Liquidity - Cash and cash equivalents increased by 66.37% to 463,532,046.06 CNY, primarily due to government land reserve payments of 18.5 million CNY[36]. - The company reported a significant increase in tax refunds received, totaling 4,220,678.42 RMB compared to 1,471,937.19 RMB in the first half of 2021[96]. - The ending cash and cash equivalents balance was 339,840,474.27 RMB, up from 211,523,831.88 RMB at the end of the first half of 2021[97]. Related Party Transactions - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[66]. - The company will avoid or minimize related party transactions, ensuring fairness and market-based pricing for any unavoidable transactions[62]. - There are no reported changes or updates on previously disclosed related party transactions, indicating stability in ongoing operations[68]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements accurately reflect its financial position and results[114]. - The company recognizes goodwill when the merger cost exceeds the fair value of identifiable net assets acquired in non-common control mergers[118]. - The company measures identifiable assets and liabilities acquired in a merger at fair value on the acquisition date[118]. Future Outlook - Future outlook includes a focus on market expansion and potential new product development, although specific strategies were not detailed in the provided content[89].