Financial Performance - The company's operating revenue for Q1 2022 was ¥189,527,687.60, representing a year-on-year increase of 12.44%[4] - The net profit attributable to shareholders for the same period was ¥5,906,840.29, reflecting a growth of 4.29% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased significantly by 58.99%, amounting to ¥5,068,493.60[4] - The basic earnings per share for Q1 2022 was ¥0.0154, an increase of 4.05% year-on-year[4] - The net profit for Q1 2022 was CNY 5,816,385.47, an increase from CNY 5,600,980.55 in Q1 2021, representing a growth of approximately 3.85%[23] - Total comprehensive income for Q1 2022 reached CNY 6,030,516.86, compared to CNY 5,579,646.93 in Q1 2021, indicating an increase of about 8.06%[25] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0154, up from CNY 0.0148 in Q1 2021, reflecting a growth of approximately 4.05%[25] - Net profit for Q1 2022 was CNY 6,552,933.58, up 9.1% from CNY 6,006,907.07 in Q1 2021[35] - The company reported a comprehensive income total of CNY 6,770,591.22, compared to CNY 5,984,940.51 in the previous year, indicating a growth of 13.2%[37] Cash Flow - The net cash flow from operating activities surged by 173.03%, reaching ¥97,903,024.33, primarily due to increased collections from receivables[4] - Cash flow from operating activities generated a net inflow of CNY 97,903,024.33 in Q1 2022, a significant improvement compared to a net outflow of CNY 134,063,224.57 in Q1 2021[28] - The net cash flow from operating activities reached CNY 98,360,960.93, recovering from a negative cash flow of CNY -133,390,149.20 in the same period last year[39] - The total cash inflow from operating activities included CNY 167,421,222.22 from sales, reflecting a strong performance compared to CNY 101,073,020.96 in the prior year[39] - The cash outflow for purchasing goods and services was CNY 130,731,053.16, a decrease from CNY 200,061,182.51 in Q1 2021, indicating improved cost management[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,974,416,079.12, down 8.03% from the end of the previous year[5] - The equity attributable to shareholders increased slightly by 0.79% to ¥779,082,290.75[5] - Total assets as of March 31, 2022, were CNY 1,974,416,079.12, down from CNY 2,146,857,016.81, a decrease of 8.0%[16] - Total liabilities decreased to CNY 1,192,536,669.21 from CNY 1,371,008,123.76, a decline of 13.0%[18] - The company's total assets decreased to CNY 1,953,134,413.03 from CNY 2,138,323,348.79, a decline of 8.7%[32] - Total liabilities decreased to CNY 1,175,527,775.79 from CNY 1,367,487,302.77, a reduction of 14.0%[32] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 184,529,218.45, up from CNY 165,420,245.97 in Q1 2021, reflecting a growth of 11.6%[22] - The gross profit margin decreased, with operating costs rising to CNY 163,342,475.03 from CNY 142,499,830.22, reflecting a cost increase of 14.6%[35] - The company reported a financial expense of CNY 6,349,354.47, significantly higher than CNY 1,879,910.16 in Q1 2021, indicating increased financial costs[22] - Financial expenses increased significantly to CNY 6,641,775.49 from CNY 2,198,721.64, primarily due to higher interest expenses[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,039[10] Research and Development - Research and development expenses for Q1 2022 were CNY 3,731,511.80, slightly down from CNY 3,925,010.45 in Q1 2021[35]

Financial Performance - The net profit attributable to the shareholders of the parent company for 2021 was CNY 66,146,978.78, after deducting the statutory surplus reserve of CNY 6,462,624.40, with a distributable profit of CNY 157,570,613.11[5] - The company achieved operating revenue of CNY 852.78 million in 2021, a decrease of 7.02% compared to the previous year[21] - The net profit attributable to shareholders was CNY 66.15 million, an increase of 31.21% year-on-year[21] - The total assets at the end of 2021 were CNY 2.15 billion, down 5.90% from the previous year[21] - The basic earnings per share increased to CNY 0.1726, reflecting a growth of 31.25% compared to 2020[22] - The company reported a significant decline in total order contracts, amounting to CNY 608.40 million, a decrease of 35.67% year-on-year[32] - The company’s net assets attributable to shareholders increased by 9.61% to CNY 772.96 million at the end of 2021[21] - The company reported a total revenue of 7,777.98 million and a net profit of 1,900.61 million for the latest period[81] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% year-over-year growth[101] Dividend Policy - Due to the impact of the pandemic and project delays, the company plans not to distribute dividends for 2021, with profits carried forward to 2022 to supplement working capital[5] - The company has established a cash dividend policy, prioritizing cash dividends when both cash and stock dividends are feasible[126] - The company did not propose a cash dividend distribution for the 2020 fiscal year due to cash flow constraints caused by project delays related to the COVID-19 pandemic, with profits available for distribution carried over to 2021[127] - The company plans to use the undistributed profits from 2020 to supplement its working capital, with no capital reserve fund conversion to share capital planned for 2021[129] Operational Stability and Risks - The company reported no significant risk events during the reporting period, indicating a stable operational environment[9] - The company is focused on maintaining liquidity and financial stability in light of ongoing economic challenges[5] - The management has outlined potential risks in future developments, which are detailed in the report[9] - The company faces market risks due to the slowdown in fixed asset investment and the impact of the pandemic on project approvals[85] - The company is addressing financial risks by implementing a cash flow budgeting system and enhancing debt recovery efforts[85] Audit and Compliance - The audit report issued by Zhongshen Yatai Certified Public Accountants was a standard unqualified opinion, affirming the reliability of the financial statements[4] - The company has a commitment to ensuring the accuracy and completeness of its financial reports, with all board members present at the meeting[8] - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[111] - The company has not reported any significant changes in its internal control audit arrangements[145] Research and Development - The company successfully developed a high-pressure air cooler for gas storage applications, marking its entry into a new market segment[34] - The company has established a national energy power station cooling system R&D center, enhancing its competitive advantage in the power station cooling sector[39] - Research and development expenses totaled ¥32.44 million, representing 3.80% of total revenue[64] - Research and development investments increased by 30%, focusing on innovative cooling solutions[101] Management and Governance - The company experienced a change in board members, with new appointments including Tian Dapeng as Chairman and Bi Haitao as General Manager[98] - The average age of the current board members is 50 years, indicating a relatively experienced leadership team[98] - The company has a total of 12 board members, with 5 independent directors contributing to governance[98] - The company is committed to maintaining a diverse board with a mix of genders and professional backgrounds[98] - The company has a structured process for determining the annual remuneration assessment and distribution plan for directors and senior management, which is reviewed by the board[108] Market Expansion and Strategy - The company aims to enhance its core competitiveness by increasing product R&D and innovation efforts, particularly in the nuclear power and air separation markets[81] - The company is focusing on expanding its international market presence while strengthening its domestic market share[82] - The company plans to achieve a revenue of 900 million in 2022, with costs estimated at 850 million[83] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[102] Financial Position and Assets - The total assets decreased from CNY 2,281,480,746.83 in 2020 to CNY 2,146,857,016.81 in 2021, a decline of approximately 5.9%[181] - The company's retained earnings increased from CNY 97,886,258.73 in 2020 to CNY 157,570,613.11 in 2021, an increase of about 60.9%[182] - The total equity attributable to shareholders increased from CNY 705,179,563.69 in 2020 to CNY 772,960,437.51 in 2021, an increase of approximately 9.6%[182] - The company's contract liabilities decreased from CNY 114,536,925.21 in 2020 to CNY 35,111,534.58 in 2021, a significant reduction of approximately 69.3%[181] Customer and Sales Information - The company's main business revenue reached 833.40 million yuan, accounting for 97.73% of total revenue, a decrease from 99.03% in the previous year[49] - Revenue from petrochemical air coolers was 679.79 million yuan, representing 81.57% of main business revenue, down from 70.16% year-on-year[49] - The company’s top five customers accounted for 38.43% of total sales, with no significant reliance on any single customer[61] Employee and Training - The company employed a total of 491 staff members, with 474 in the parent company and 17 in major subsidiaries[122] - The company conducted 39 training sessions in 2021, training a total of 187 employees[124] - The company has a diverse professional composition, with 184 production personnel, 87 sales personnel, and 110 technical personnel[122] Related Party Transactions - The company reported a total related party transaction amount of RMB 15,093,956.64[148] - The company has a related party transaction with Harbin Northeast Water Electric Equipment Manufacturing Co., with a transaction amount of RMB 13,201,426.30, accounting for 2.29% of similar transactions[148] - The company has a joint investment of RMB 20 million with Harbin Industrial Investment Group and Japan's Aiwandi Co., Ltd. to establish Harbin Industrial Investment Environmental Industry Co., Ltd.[150]

Financial Performance - The company's operating revenue for the third quarter was ¥191,868,723.01, a decrease of 4.06% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥9,779,915.18, representing a decline of 236.73% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,823,978.01, down 366.42% from the previous year[2]. - The basic earnings per share for the quarter was -¥0.0255, a decrease of 236.36% compared to the same period last year[2]. - The total profit for the period reached CNY 65,161,691.96, an increase from CNY 35,076,495.37 in the previous period, representing an increase of approximately 85.7%[24]. - Net profit attributable to shareholders was CNY 54,672,234.93, compared to CNY 31,849,794.99 in the same period last year, marking a growth of about 71.7%[24]. - Basic and diluted earnings per share increased to CNY 0.1426 from CNY 0.0831, reflecting a rise of approximately 71.3%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,241,540,299.64, a decrease of 1.75% from the end of the previous year[4]. - Total assets as of September 30, 2021, were RMB 2,241,540,299.64, down from RMB 2,281,480,746.83 at the end of 2020[19]. - Total liabilities decreased to RMB 1,478,426,585.26 from RMB 1,576,009,650.66, a reduction of approximately 6.20%[19]. - Total liabilities were approximately $1.58 billion, with non-current liabilities at $158.52 million[33]. - Current liabilities reached approximately $1.42 billion, including short-term borrowings of $110 million and accounts payable of $218.43 million[31]. - Shareholders' equity increased to RMB 763,113,714.38 from RMB 705,471,096.17, reflecting a growth of about 8.16%[19]. - Shareholders' equity totaled approximately $705.47 million, with retained earnings of about $97.89 million[33]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥191,820,932.84, a decrease of 78.11% year-on-year[2]. - Cash flow from operating activities showed a net outflow of CNY -191,820,932.84, worsening from CNY -107,697,851.40 in the previous year[25]. - Cash and cash equivalents at the end of the period decreased to CNY 89,529,507.91 from CNY 200,787,630.19, a decline of about 55.5%[27]. - Cash inflow from financing activities totaled CNY 694,253,514.75, compared to CNY 671,388,716.70 in the previous year, indicating a slight increase of approximately 3.4%[27]. - The company incurred cash outflows of CNY 569,421,441.81 in financing activities, down from CNY 693,955,032.35, showing a reduction of about 18.0%[27]. - Investment activities resulted in a net cash outflow of CNY -13,802,049.74, a significant decrease from a net inflow of CNY 203,875,555.95 in the previous year[27]. Operational Insights - The company attributed the decline in net profit to a significant increase in raw material prices, which led to lower overall gross profit levels[6]. - The company reported a non-recurring gain of ¥39,088.62 from the disposal of non-current assets during the quarter[6]. - Total operating costs increased to RMB 704,483,607.42, up 13.41% from RMB 621,164,824.00 in the previous year[22]. - Operating profit for the first three quarters of 2021 was RMB 76,615,532.65, compared to RMB 31,965,393.40 in the same period of 2020, reflecting a significant increase[22]. - The company reported a decrease in cash received from sales of goods and services to CNY 391,791,492.61 from CNY 448,752,481.58, a decline of about 12.7%[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,219[10]. - The company has not disclosed specific future guidance or projections in the provided documents[32]. Research and Development - Research and development expenses for the first three quarters of 2021 were RMB 23,314,967.39, compared to RMB 18,086,980.32 in the same period of 2020, indicating an increase of approximately 28.83%[22]. Compliance and Standards - The company adopted the new leasing standards effective January 1, 2021, impacting financial reporting[34]. - Deferred income tax assets were recorded at approximately $78.99 million, contributing to the overall asset structure[31]. - The company reported a capital reserve of approximately $80.16 million, enhancing its equity position[33]. - The total liabilities to equity ratio indicates a leverage level that requires monitoring for financial stability[33]. Inventory and Receivables - Accounts receivable increased to RMB 799,363,409.08 from RMB 684,318,621.73, indicating a rise of approximately 16.83%[15]. - Inventory decreased to RMB 258,399,435.53 from RMB 387,852,811.19, a decline of about 33.24%[15].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥450,692,543.41, a decrease of 1.00% compared to ¥455,254,339.87 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥64,452,150.11, representing a significant increase of 160.97% from ¥24,697,059.93 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥48,577,318.71, a decrease of 305.33% compared to ¥23,658,400.57 in the same period last year[18]. - The net cash flow from operating activities was -¥126,989,481.54, slightly worse than -¥119,205,506.64 in the previous year, reflecting a decline of 6.53%[18]. - The basic earnings per share rose to 0.1681 yuan, reflecting a 161.02% increase from 0.0644 yuan in the previous year[19]. - The total revenue for the reporting period was 450.69 million yuan, a slight decrease of 1.00% year-on-year[29]. - The company achieved a net profit of 6,438.09 million yuan, a significant increase of 159.66% compared to the same period last year, which was 2,482.13 million yuan[29]. - The company reported a net profit for the period of RMB 64,380,900, an increase from RMB 24,821,300 in the same period last year, reflecting a significant improvement in profitability[32]. Assets and Liabilities - Total assets decreased by 4.40% to ¥2,180,983,487.27 from ¥2,281,480,746.83 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥771,535,193.42, an increase of 9.41% from ¥705,179,563.69 at the end of the previous year[18]. - Total current assets as of June 30, 2021, amounted to ¥1,641,038,617.90, a decrease of 3.25% from ¥1,696,401,332.89 on December 31, 2020[85]. - Total liabilities decreased to ¥1,407,979,037.01, a reduction of 10.67% from ¥1,576,009,650.66 at the end of 2020[87]. - The company’s accounts receivable increased by 12.11% to RMB 767,178,766.25, indicating a rise in sales on credit[35]. - Cash and cash equivalents were reported at ¥209,374,305.99, a decline of 35.67% from ¥325,113,994.23 at the end of 2020[85]. Operational Efficiency - Operating costs increased by 18.91% to RMB 432,950,189.82 from RMB 364,085,517.81, primarily due to intensified market competition and rising raw material prices[31]. - The company reported a decrease in gross profit margin due to increased raw material prices and rising operational costs, including R&D and employee compensation[20]. - Research and development expenses rose by 56.34% to RMB 18,207,816.70, indicating a strong commitment to innovation[31]. - The company continues to invest in technology and automation to enhance production efficiency and cost control, laying the groundwork for future smart manufacturing[28]. Market Position and Risks - The company maintains a strong customer base, including major clients like Sinopec and PetroChina, which supports its market position[28]. - The company faces significant market risks due to a decline in domestic power station product demand, with a focus on increasing R&D and expanding international business to mitigate these risks[46]. - The company has a high level of accounts receivable and inventory, which poses refinancing risks; measures include establishing a financial warning mechanism and optimizing financing structure[46]. - The company is exposed to exchange rate risks related to foreign currency assets and liabilities from large air cooler export contracts, with plans to use trade financing tools to mitigate these risks[47]. Corporate Governance and Management - The company has not reported any significant risk events during the reporting period, indicating a stable operational environment[6]. - The company has not made any profit distribution or capital reserve transfer plans during this reporting period, indicating a focus on reinvestment[4]. - The management has provided a risk statement regarding forward-looking statements, cautioning investors about potential investment risks[5]. - The company appointed a new deputy general manager on June 2, 2021, to enhance its management team[53]. Environmental and Social Responsibility - The company has not faced any environmental penalties during the reporting period and has maintained a zero-incident goal for major environmental pollution accidents[57]. - The company continues to adhere to ISO14001 standards for environmental management, integrating it into its strategic planning[57]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 30,348[75]. - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 34.03% of the shares, totaling 130,449,385 shares[77]. - The company has not reported any changes in its share capital structure during the reporting period[74]. Future Plans - The company plans to continue expanding its market presence and product offerings in the upcoming periods[112]. - The company aims to enhance its research and development efforts to drive future growth[116].

Financial Performance - Operating revenue for the first quarter was CNY 168,557,219.82, representing a year-on-year increase of 7.15%[5] - Net profit attributable to shareholders was CNY 5,663,662.41, up 7.98% from the same period last year[5] - The net profit for the period from the beginning of the year to the report date is CNY 5,600,980.55, with an expectation of profitability for the next reporting period[18] - Total revenue for Q1 2021 was CNY 168,557,219.82, an increase of 7.98% compared to CNY 157,303,941.05 in Q1 2020[32] - The net profit for Q1 2021 reached CNY 6,006,907.07, compared to CNY 5,366,201.88 in Q1 2020, indicating an increase of about 11.9%[38] - The total profit for Q1 2021 was CNY 6,006,907.07, compared to CNY 5,366,201.88 in Q1 2020, marking an increase of approximately 11.9%[38] - The total comprehensive income for Q1 2021 was CNY 5,984,940.51, compared to CNY 5,660,332.60 in Q1 2020, showing an increase of around 5.7%[38] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,324,780,525.01, an increase of 1.90% compared to the end of the previous year[5] - As of March 31, 2021, total assets amount to CNY 2,324,780,525.01, an increase from CNY 2,281,480,746.83 at the end of 2020[25] - Current assets total CNY 1,780,680,249.20, compared to CNY 1,696,401,332.89 at the end of 2020, reflecting a growth of approximately 4.94%[21] - Total liabilities amount to CNY 1,613,729,781.91, up from CNY 1,576,009,650.66, indicating an increase of approximately 2.4%[25] - Total liabilities increased to CNY 1,629,571,640.42 as of March 31, 2021, compared to CNY 1,591,169,861.58 at the end of 2020, reflecting an increase of 2.41%[29] - The company's total equity as of March 31, 2021, was CNY 710,142,114.65, slightly up from CNY 704,157,174.14 at the end of 2020, an increase of 0.70%[31] Cash Flow - The net cash flow from operating activities was negative CNY 134,063,224.57, a decrease of 85.71% compared to the previous year[5] - The company's operating cash flow for Q1 2021 was negative CNY 134,063,224.57, worsening from negative CNY 72,191,059.47 in Q1 2020[40] - Total cash and cash equivalents at the end of Q1 2021 were 103,265,754.72 RMB, down from 127,797,382.84 RMB at the end of Q1 2020, reflecting a decrease of approximately 18.9% year-over-year[45] - The company incurred total cash outflows from investing activities of 9,216,307.74 RMB in Q1 2021, significantly higher than 865,053.40 RMB in Q1 2020, resulting in a net cash flow from investing activities of -8,947,571.74 RMB[45] - Cash inflows from financing activities totaled 181,555,535.40 RMB in Q1 2021, compared to 197,119,833.33 RMB in Q1 2020, showing a decrease of about 7.9%[45] Shareholder Information - The number of shareholders at the end of the reporting period was 25,096, indicating a stable shareholder base[7] - The company's equity attributable to shareholders increased to CNY 710,821,734.25 from CNY 705,179,563.69, a slight increase of about 0.37%[25] Research and Development - Research and development expenses increased by 41.65% to CNY 4,035,149.68, indicating a focus on innovation[12] - Research and development expenses increased to CNY 4,035,149.68 in Q1 2021, up from CNY 2,848,586.26 in Q1 2020, representing an increase of 41.67%[32] - The company's research and development expenses for Q1 2021 were CNY 3,925,010.45, up from CNY 2,848,586.26 in Q1 2020, indicating a growth of about 37.9%[36] Legal Matters - The company is involved in an arbitration case with Ansaldo Energia S.p.A regarding a contract worth €17,008,000.00, which may impact future operations[14] - The company is involved in ongoing legal proceedings related to asset transfer disputes, which may impact future financial performance[15] Government Support - The company received government subsidies amounting to CNY 2,773,251.90, a significant increase of 220.24% compared to the previous year[12] Borrowings - Short-term borrowings rose by 36.09% to CNY 149,700,000.00, reflecting increased financing needs[11] - Short-term borrowings rose to CNY 149,700,000.00 from CNY 110,000,000.00, an increase of approximately 36%[25]

Financial Performance - The net profit attributable to the shareholders of the parent company for 2020 was CNY 50,412,656.62, after deducting the statutory surplus reserve of CNY 4,873,044.48 and cash dividends distributed in 2019 of CNY 15,333,626.88, with an available profit for distribution of CNY 97,886,258.73[6] - The company's operating revenue for 2020 was ¥917,175,848.42, representing a year-on-year increase of 1.40% compared to ¥904,500,342.13 in 2019[22] - The net profit attributable to shareholders for 2020 was ¥50,412,656.62, a decrease of 0.32% from ¥50,575,127.55 in 2019[22] - The basic earnings per share for 2020 was ¥0.1315, down 0.30% from ¥0.1319 in 2019[23] - The total assets increased by 13.33% to ¥2,281,480,746.83 in 2020 from ¥2,013,172,524.14 in 2019[22] - The net cash flow from operating activities was negative at -¥86,262,496.74, worsening by 217.92% compared to -¥27,133,513.82 in 2019[22] - The company reported a decrease in the weighted average return on equity to 7.31% in 2020 from 7.88% in 2019, a reduction of 0.57 percentage points[23] - The company’s net assets attributable to shareholders increased by 5.34% to ¥705,179,563.69 at the end of 2020 from ¥669,444,769.18 at the end of 2019[22] Dividend Policy - Due to the impact of the COVID-19 pandemic, the company plans not to distribute dividends for 2020, with the available profit carried over to 2021 to supplement working capital[6] - The company has a cash dividend policy that prioritizes cash dividends when conditions allow, with a distribution of 0.40 yuan per 10 shares in 2019[84] - The cash dividend payout ratio for 2019 was 30.32%, with a distribution of 0.40 RMB per 10 shares[88] - The company did not propose a capital reserve fund conversion plan for 2020, reflecting a focus on liquidity management[89] Audit and Compliance - The audit report issued by Zhongshen Yatou Accounting Firm confirmed the financial report's authenticity and completeness, providing a standard unqualified opinion[5] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8] - There are no violations of decision-making procedures regarding external guarantees[8] - The company has detailed risk factors in the report, emphasizing the importance of investor awareness regarding investment risks[9] - The board of directors and supervisory board members have all attended the board meeting, ensuring accountability for the report's accuracy[4] Operational Highlights - The company continues to focus on the design, manufacturing, and sales of high, medium, and low-pressure air coolers, with no significant changes in its main business operations[28] - Revenue from power station cooling products decreased by 45.19% to 269.75 million yuan, while revenue from petrochemical products increased by 60.78% to 637.27 million yuan[38] - The total order amount for the year was 945.62 million yuan, a decrease of 1.59%, with domestic orders increasing by 10.07% to 873.71 million yuan, and international orders decreasing by 56.96% to approximately 71.92 million yuan[39] - The company completed the R&D of a 60MPa ultra-high pressure cooler, filling a domestic gap in high-pressure cooling technology[42] Cash Flow and Liquidity - The company reported a significant delay in cash receipts due to postponed projects, affecting overall liquidity[6] - The company’s cash flow from operating activities showed significant fluctuations across quarters, with a peak of ¥226,903,358.04 in Q3 2020[24] - The company’s cash flow from operating activities was -86.26 million yuan, a decline of 217.92% compared to the previous year, primarily due to reduced material payments and increased deposits[40] - The net cash flow from investment activities was 182.39 million yuan, a significant increase of 2,405.57% year-on-year[46] - The company reported a net cash flow from financing activities of -51.79 million yuan, a decrease of 139.33% compared to the previous year[46] Research and Development - Research and development expenses totaled ¥34,694,856.10, accounting for 3.78% of operating revenue[60] - The number of R&D personnel was 113, making up 22.55% of the total workforce[60] - The company is focused on developing new products and technologies, including upgrades to key projects in indirect cooling systems and high-pressure coolers[78] Market and Competitive Position - The company aims to enhance its core competitiveness by increasing R&D and innovation efforts, particularly in the domestic nuclear power and air separation markets[75] - The company intends to expand its international market presence while solidifying its domestic market position[76] - The company faces market risks due to economic downturns affecting demand for power station products, particularly in the thermal power sector[80] Legal and Regulatory Matters - The company is involved in a legal dispute regarding the South Lake Road factory assets, with ongoing proceedings in the Supreme Court[70] - The company has received multiple court notifications and rulings, including a civil ruling from the Heilongjiang Provincial High People's Court in January 2020, which is currently under appeal[98] - There are no disclosed or ongoing significant litigation or arbitration matters that have not been previously reported[99] Environmental and Social Responsibility - The company has maintained its environmental management goals, achieving zero major environmental pollution incidents in 2020[110] - The company donated RMB 10,000 for poverty alleviation efforts in the reporting year[108] - The company strictly adheres to ISO14001 standards for environmental management since 2012[110] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,361, an increase from 24,882 in the previous month[115] - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., held 130,449,385 shares, representing 34.03% of the total shares[117] - The top ten shareholders included individuals with varying shareholdings, with Zhang Shouqing holding 5,450,000 shares, or 1.42%[117] Management and Governance - The company has a diverse management team with extensive experience in various sectors, including engineering and finance[128] - The management team includes individuals with advanced degrees and professional qualifications, enhancing the company's strategic capabilities[128] - The company’s governance structure includes a remuneration and assessment committee that oversees compensation decisions[135] - The company has a structured process for appointing and evaluating its directors and senior management, ensuring alignment with shareholder interests[135]

Financial Performance - Net profit attributable to shareholders decreased by 21.23% to CNY 31,849,794.99 year-on-year[5] - Operating revenue declined by 7.18% to CNY 655,240,519.31 compared to the same period last year[5] - The company reported a net profit of 32,135,667.57 RMB for the year-to-date, with expectations of profitability for the next reporting period[20] - The company reported a net profit of CNY 3,594,532.01 for Q3 2020, compared to CNY 7,474,592.32 in Q3 2019, reflecting a decline of about 51.9%[35] - Total net profit for the third quarter was 7,314,325.25, a decrease from 9,513,686.16 in the previous quarter, representing a decline of approximately 23.1%[39] - Operating profit for the quarter was 3,514,778.87, down from 9,519,234.11, indicating a decrease of about 63.1%[37] - The total profit for Q3 2020 was ¥6,685,955.71, a decrease of 29.4% from ¥9,530,465.56 in Q3 2019[46] Cash Flow - Net cash flow from operating activities decreased significantly by 385.46% to -CNY 107,697,851.40[5] - The net cash flow from operating activities was -107,697,851.40 RMB, a decrease of 385.46% compared to the previous period due to reduced sales collections[17] - Total cash inflow from operating activities was 549,937,517.22 RMB, down from 673,937,284.98 RMB year-over-year, reflecting a decrease of approximately 18.4%[54] - Cash outflow from operating activities totaled 656,593,082.59 RMB, compared to 696,990,961.86 RMB in the same period last year, a decrease of about 5.8%[54] - The net cash flow from investing activities was 203,875,555.95 RMB, a significant improvement from -7,171,409.65 RMB previously[51] - Cash inflow from financing activities was 671,388,716.70 RMB, down from 844,285,316.80 RMB, representing a decline of approximately 20.4%[56] - The net cash flow from financing activities was -22,566,315.65 RMB, contrasting with a positive flow of 90,771,066.94 RMB in the prior period[56] Assets and Liabilities - Total assets increased by 12.05% to CNY 2,255,713,400.63 compared to the end of the previous year[5] - Total liabilities increased to CNY 1,585,518,558.90 from CNY 1,357,272,043.73, reflecting a rise of about 16.77%[32] - Owner's equity reached CNY 686,268,848.33, up from CNY 670,091,939.15, indicating an increase of approximately 2.65%[34] - Total assets as of September 30, 2020, amounted to CNY 2,271,787,407.23, an increase from CNY 2,027,363,982.88 as of December 31, 2019, representing a growth of approximately 12.06%[30] - The company reported a decrease in contract liabilities by CNY 165,272,310.92, reflecting a shift in prepayments from CNY 239,832,710.92 to CNY 74,560,400.00[67] - The company’s total liabilities decreased slightly from CNY 1,357,272,043.73 to CNY 1,343,688,885.40, showing a reduction in financial obligations[67] Shareholder Information - The number of shareholders reached 26,201 at the end of the reporting period[10] - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 34.03% of the shares[10] Expenses and Income - Sales expenses decreased by 60.70% to 17,272,777.89 RMB, primarily due to reduced technical service fees[16] - Management expenses decreased by 34.07% to 25,549,932.96 RMB, mainly due to lower employee compensation[16] - Other income decreased by 77.23% to 1,926,000.00 RMB, reflecting a reduction in deferred income amortization[16] - The income tax expense rose by 155.12% to 2,940,827.80 RMB, attributed to a decrease in unabsorbed losses[16] - The company recorded a credit impairment loss of -3,900,501.04 RMB, an increase of 102.10% due to higher provisions for bad debts[16] Inventory and Cash Equivalents - Cash and cash equivalents increased by 47.01% to CNY 285,493,259.01 due to asset transfer payments received[13] - Cash and cash equivalents increased to CNY 282,122,317.55 from CNY 193,528,126.55, marking a growth of approximately 45.9%[30] - Inventory levels rose to CNY 342,631,538.90 from CNY 314,546,245.52, an increase of about 8.9%[30] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[35]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥455.25 million, a decrease of 0.40% compared to ¥457.07 million in the same period last year[17]. - The net profit attributable to shareholders of the listed company was approximately ¥24.70 million, down 20.13% from ¥30.92 million in the previous year[17]. - The net cash flow from operating activities was negative at approximately -¥119.21 million, a significant decline of 303.75% compared to ¥58.50 million in the same period last year[17]. - Basic earnings per share for the first half of 2020 were ¥0.0644, a decrease of 20.20% compared to ¥0.0807 in the same period last year[18]. - The company reported a decrease of 6.36% in net profit after deducting non-recurring gains and losses, with a figure of approximately ¥23.66 million compared to ¥25.27 million last year[17]. - The company reported a net profit of CNY 24.82 million, down from CNY 30.92 million in the previous year, primarily due to reduced revenue from power station cooling products and decreased non-recurring gains[30]. - The company reported a total comprehensive income of approximately ¥25.12 million for the first half of 2020, down from ¥30.77 million in the same period of 2019[87]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.09 billion, an increase of 3.84% from ¥2.01 billion at the end of the previous year[17]. - The total current assets as of June 30, 2020, amounted to CNY 1,517,579,443.07, an increase from CNY 1,433,584,528.31 as of December 31, 2019, reflecting a growth of approximately 5.85%[76]. - The total liabilities rose to CNY 1,427,076,437.93, compared to CNY 1,357,272,043.73, indicating an increase of about 5.1%[83]. - The total equity attributable to shareholders reached CNY 679,462,736.76, up from CNY 670,091,939.15, indicating an increase of about 1.9%[83]. - The company's total equity at the end of the reporting period was 647,894,873.05 RMB, with a significant portion attributed to common stock and other equity instruments[107]. Cash Flow - The net cash flow from operating activities for the first half of 2020 was -119,205,506.64 RMB, a significant decline compared to 58,504,595.68 RMB in the same period of 2019, representing a year-over-year decrease of approximately 303%[93]. - Total cash inflow from operating activities decreased to 350,584,836.09 RMB in 2020 from 517,485,479.63 RMB in 2019, reflecting a decline of about 32%[93]. - Cash outflow from operating activities increased to 469,790,342.73 RMB in 2020, compared to 458,980,883.95 RMB in 2019, marking an increase of approximately 2%[93]. - The ending balance of cash and cash equivalents as of June 30, 2020, was 112,466,394.10 RMB, compared to 81,334,709.74 RMB at the end of June 2019, reflecting an increase of approximately 38%[94]. Research and Development - Research and development expenses decreased by 17.54% to CNY 11.65 million, reflecting a reduction in investment in this area[35]. - Research and development expenses for the first half of 2020 were approximately ¥11.65 million, a decrease of 17.5% from ¥14.12 million in the same period of 2019[86]. Market and Competition - The company continues to hold a competitive advantage in the domestic market for high-temperature and high-pressure air coolers, particularly in the petrochemical sector[26]. - The company’s gross profit margin for power station cooling products decreased due to intensified market competition, leading to reduced profit margins on orders[30]. - The company faces significant market risks due to a decline in domestic power station product demand, influenced by national economic pressures and reduced electricity consumption[46]. Financial Risks and Management - Financial risks are heightened by high accounts receivable and inventory levels, leading to increased refinancing and interest rate risks[46]. - The company aims to strengthen cash flow management and improve accounts receivable collection efforts to address financial risks[46]. - The company has established a financial early warning analysis mechanism to manage cash flow and reduce potential liabilities[46]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not violated any decision-making procedures for providing guarantees[5]. - The company has maintained compliance with environmental regulations and has not faced any penalties or complaints during the reporting period[62]. Legal Matters - The company is involved in a significant arbitration case with Ansaldo Energia S.p.A. regarding a contract dispute, initiated on July 10, 2013, with no recent developments reported[53]. - The company filed a lawsuit in March 2019 related to asset transfer disputes, with the case number (2019) 黑民初 14号, and has received a first-instance judgment from the Heilongjiang Provincial High People's Court[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,182, with no changes in the share capital structure[66]. - The total amount of special reserves at the end of the period is 82,888,378.00 RMB[106]. Subsidiaries and Investments - The company has a 100% ownership in Harbin Tiangong Metal Structure Engineering Co., with total assets of 2,942.80 million CNY and a net asset value of 2,308.08 million CNY[42]. - Harbin Tianyang Equipment Installation Engineering Co. reported a net loss of 6.07 million CNY for the current period[42]. - The company has invested RMB 3 million in a joint venture with Harbin Industrial Investment Group and Harbin University of Technology for the establishment of Harbin Gongtou Environmental Industry Co., Ltd., with a total investment of RMB 2,000 million[58]. Accounting Policies - The financial statements are prepared based on the going concern assumption, indicating the company's ability to continue operations for at least 12 months from the reporting date[118]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial position and operating results[121]. - The company has established specific accounting policies and estimates related to revenue recognition, tailored to its production and operational characteristics[120].

非经常性损益项目和金额 公司代码：600202 公司简称：哈空调 哈尔滨空调股份有限公司 2020 年第一季度报告 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | 15,688.80 | | | 计入当期损益的政府补助，但与公司正常经营业务密 | 866,000.00 | | | 切相关，符合国家政策规定、按照一定标准定额或定 | | | 3 / 24 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比 上年度末增减 (%) 总资产 2,040,944,447.05 2,013,172,524.14 1.38 归属于上市公司股东的净资产 674,978,611.96 669,444,769.18 0.83 年初至报告期末 上年初至上年报告 期末 比上年同期增 减(%) ...

Financial Performance - The company's operating revenue for 2019 was CNY 904,500,342.13, representing a 17.65% increase compared to CNY 768,809,146.14 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 50,575,127.55, a significant increase of 142.69% from CNY 20,839,681.02 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,794,791.57, up 140.67% from CNY 12,795,707.24 in 2018[23] - Basic earnings per share increased by 142.46% to CNY 0.1319 from CNY 0.0544 in the previous year[24] - The weighted average return on equity rose to 7.88%, an increase of 4.44 percentage points compared to 3.44% in the previous year[24] - The company achieved a total operating revenue of CNY 904.50 million, an increase of 17.65% compared to the previous year[41] - The net profit for the year was CNY 50.56 million, up from CNY 20.84 million in the previous year, primarily due to increased sales revenue and improved gross profit margin[41] - The total comprehensive income for the year 2019 was CNY 50,606,831.21, compared to CNY 22,219,037.93 in 2018, representing an increase of approximately 127%[180] - The company reported a total profit of ¥52,806,555.28 for 2019, up 113.3% from ¥24,727,476.94 in 2018[173] Assets and Liabilities - The company's total assets as of the end of 2019 reached CNY 2,013,172,524.14, marking a 20.05% increase from CNY 1,676,981,589.56 in 2018[23] - The net assets attributable to shareholders increased to CNY 669,444,769.18, an 8.59% rise from CNY 616,504,522.53 at the end of 2018[23] - The total liabilities increased to ¥1,357,272,043.73 from ¥1,077,124,972.00, representing a growth of approximately 25.9%[169] - The total current assets amounted to CNY 1,433.58 million as of December 31, 2019, an increase from CNY 1,083.43 million in 2018, reflecting a growth of approximately 32.3%[161] - The total equity attributable to the parent company at the end of 2019 was CNY 616,491.12 million, showing a slight increase from CNY 616,504.52 million at the end of 2018[188] Cash Flow - The company reported a negative cash flow from operating activities of CNY -27,133,513.82, compared to CNY -4,269,282.13 in the previous year, indicating a decline of 535.55%[23] - The company’s cash flow from operating activities showed a net outflow of CNY 27.13 million, a decline of 535.55% year-on-year, attributed to increased material procurement costs[43] - Cash inflow from operating activities for 2019 was CNY 841,533,671.21, an increase of 50% from CNY 559,685,666.28 in 2018[181] - Cash outflow from operating activities totaled CNY 868,667,185.03 in 2019, compared to CNY 563,954,948.41 in 2018, reflecting a rise of 54%[182] - The net cash flow from financing activities was positive CNY 131,669,076.70 in 2019, a turnaround from negative CNY 193,747,920.67 in 2018[182] Research and Development - The company invested a total of 34.50 million yuan in R&D, which accounted for 3.81% of total revenue, with 112 R&D personnel making up 21.05% of the total workforce[61] - Research and development expenses rose to ¥34,501,493.17 in 2019, a 50.2% increase from ¥22,981,085.51 in 2018[173] - The company has developed significant technology partnerships, enhancing its capabilities in power station air cooling systems[37] - The company received two patent authorizations and conducted six internal research projects during the year, supporting innovation and product development[45] Market and Business Operations - The company continues to focus on the design, manufacturing, and sales of high, medium, and low-pressure air coolers, with no significant changes in its main business operations[32] - The market for power station products has shrunk due to reduced electricity demand and regulatory impacts, while the petrochemical market has shown signs of recovery[32] - The company has a strong competitive edge in the air cooler sector, having filled over 50 product gaps in the domestic market since its inception[36] - The company is involved in key projects with major clients in the petrochemical industry, maintaining a leading position in high-temperature and high-pressure air coolers[37] - The main business revenue reached CNY 902.96 million, growing by 18.00% year-on-year, with revenue from power station air-cooling products increasing by 22.28% to CNY 492.20 million[41] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, totaling CNY 15,333,626.88, based on a total share capital of 38,334.0672 million shares[7] - The proposed cash dividend for 2019 is RMB 0.40 per 10 shares, totaling RMB 15,333,626.88, which represents a payout ratio of 30.32% of the net profit[85] - The total distributable profit for shareholders in 2019 was RMB 67,680,273.47, with RMB 52,346,646.59 carried forward to 2020[85] Risks and Compliance - The company has detailed risk factors in the report, which investors should review carefully[10] - Financial risks include high accounts receivable and inventory levels, which could lead to refinancing risks[79] - The company plans to implement a financial warning analysis mechanism to manage cash flow and reduce potential liabilities[79] - The company has maintained compliance with decision-making procedures and mechanisms during the reporting period[86] - The company has not reported any risks identified by the supervisory board during the reporting period[146] Governance and Management - The company has established a clear governance structure with no related party transactions reported[122] - The company has a diverse board of directors with various professional backgrounds, including engineering and finance[124] - The management team includes experienced professionals with extensive industry backgrounds[124] - The company has independent directors with diverse backgrounds, enhancing governance and oversight[129] - The company has a structured governance framework that ensures the rights of all shareholders, particularly minority shareholders, are protected[139] Legal and Regulatory Matters - The company faced significant litigation issues, including an arbitration case with Ansaldo Energia S.p.A. initiated in 2013, which remains unresolved[92] - The company filed a lawsuit in March 2019 regarding a contract dispute related to asset transfer, with the case number (2019) Hei Min Chu 14, and received a first-instance judgment in December 2019[92] - The company has not been subject to any environmental protection department accidents or complaints during the reporting period, adhering to ISO14001 standards since 2012[106]