Financial Performance - The company's operating revenue for the first half of 2018 was CNY 736,420,651.14, representing an increase of 11.11% compared to CNY 662,775,680.34 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 86,362,568.06, a decrease of 766.43% compared to a profit of CNY 12,959,055.03 in the previous year[17]. - The basic earnings per share for the first half of 2018 was -CNY 0.14, down 800.00% from CNY 0.02 in the same period last year[18]. - The weighted average return on net assets decreased by 4.04 percentage points to -4.04% compared to 0.80% in the previous year[18]. - The company's net cash flow from operating activities was -CNY 71,645,571.49, worsening from -CNY 14,550,686.91 in the same period last year[17]. - Operating costs rose by 32.34% to 544.74 million RMB, primarily due to increased natural gas purchase prices[29]. - The total operating costs for the first half of 2018 amounted to CNY 833,245,011.89, up from CNY 675,831,026.52 in the previous year, reflecting a significant increase in expenses[78]. - The total comprehensive income for the first half of 2018 was a loss of CNY 87,058,603.12, compared to a profit of CNY 11,730,501.88 in the same period last year[80]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,380,510,180.45, a slight decrease of 0.43% from CNY 5,403,927,170.47 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 3.92% to CNY 2,092,439,545.56 from CNY 2,177,789,932.66 at the end of the previous year[17]. - The total liabilities as of June 30, 2018, were RMB 2,882,000,000.00, reflecting an increase from RMB 2,800,000,000.00 at the beginning of the period[71]. - Current liabilities totaled CNY 2,764,172,352.48, compared to CNY 2,666,863,659.88 at the beginning of the period, indicating a rise in short-term obligations[76]. - The company's equity attributable to shareholders decreased to CNY 2,092,439,545.56 from CNY 2,177,789,932.66, indicating a decline in shareholder value[76]. Cash Flow - The cash flow from financing activities decreased by 88.47% to 81.52 million RMB, primarily due to the previous year's fundraising[30]. - The net cash flow from financing activities was CNY 81,515,878.15, a significant decrease from CNY 707,248,452.36 in the previous year, reflecting tighter cash management[87]. - The total cash inflow from operating activities was CNY 592,837,960.96, while cash outflow was CNY 635,250,306.42, leading to a net cash flow deficit[86]. - Cash and cash equivalents at the end of the period totaled CNY 136,384,532.19, down from CNY 656,618,421.68, indicating a liquidity squeeze[84]. Investments and Subsidiaries - The company plans to invest in distributed energy supply projects, focusing on clean energy utilization for heating and cooling[24]. - The company operates 1 compressed natural gas (CNG) mother station and 10 CNG refueling stations, with one additional station under construction[24]. - The company has 9 city gas franchise subsidiaries, indicating a relatively monopolistic position in its operating regions[24]. - The total registered capital of Changchun Gas (Longjing) Co., Ltd. is CNY 5 million, holding a 100% stake in the company[38]. - The company has committed to a follow-up investment of no more than 500,000 RMB for a photovoltaic power generation project in Wanglong Village[54]. Risk and Compliance - The company did not report any significant risks that could materially affect its operations during the reporting period[5]. - There were no significant lawsuits or arbitration matters during the reporting period[44]. - The company has not disclosed any major related party transactions during the reporting period[45]. - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period[43]. Social Responsibility and Community Engagement - The company plans to invest up to 830,000 RMB in poverty alleviation projects, with a total expenditure not exceeding 900,000 RMB in 2018[48]. - A total of 97 registered impoverished individuals were lifted out of poverty during the reporting period[51]. - The company has successfully supported 33 impoverished households in Wanglong Village to achieve complete poverty alleviation[53]. - The company has implemented a comprehensive poverty alleviation strategy focusing on industrial development, infrastructure improvement, and social support[49]. Accounting Policies and Financial Reporting - The financial statements are prepared on a going concern basis, indicating the group has a history of profitable operations and sufficient financial resources to continue for at least 12 months from the reporting date[105]. - The group adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect the financial position, operating results, changes in equity, and cash flows[107]. - The company recognizes deferred tax assets and liabilities based on temporary differences between tax bases and book values[163]. - The company's revenue recognition policy includes sales of goods, provision of services, and transfer of asset usage rights[157].

Financial Performance - Operating revenue for the period was CNY 481,285,945.63, representing a year-on-year increase of 25.34%[6] - Net profit attributable to shareholders was a loss of CNY 22,122,724.78, a decline of 219.99% compared to the same period last year[6] - Basic earnings per share were CNY -0.04, down 233.33% from CNY 0.03 in the previous year[6] - Net profit for the quarter was a loss of ¥23,105,114.89, a decline of 234.42% compared to the previous year's profit of ¥17,188,411.42[14] - The net profit for Q1 2018 was a loss of CNY 23,105,114.89, compared to a profit of CNY 17,188,411.42 in Q1 2017, indicating a substantial decline in profitability[26] - Total comprehensive income for Q1 2018 was CNY -1,881,422.44, a stark contrast to CNY 20,680,085.31 in Q1 2017[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 38,369,516.69, compared to a net inflow of CNY -4,860,984.63 in the previous year[6] - Cash flow from operating activities decreased significantly by ¥33,508,532.06, resulting in a cash outflow of ¥38,369,516.69[15] - Operating cash flow for Q1 2018 was a net outflow of CNY -38,369,516.69, compared to a net outflow of CNY -4,860,984.63 in Q1 2017[29] - Net cash flow from operating activities was -$8,887,529.83, a decline from $12,947,163.43 in the previous period[31] - The net increase in cash and cash equivalents was -$48,156,830.48, compared to -$10,785,232.92 in the previous period, indicating a worsening cash position[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,351,009,287.73, a decrease of 0.98% compared to the previous year[6] - Current liabilities totaled ¥2,639,759,728.09, slightly down from ¥2,666,863,659.88 at the start of the year[18] - The company's total assets decreased slightly to CNY 5,072,130,741.92 from CNY 5,083,531,168.92[23] - The total liabilities amounted to CNY 3,020,087,078.99, down from CNY 3,029,898,181.30[23] - The company's equity decreased to CNY 2,052,043,662.93 from CNY 2,053,632,987.62, reflecting a decline in shareholder value[23] Shareholder Information - The number of shareholders at the end of the reporting period was 54,756[9] - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares[9] Operating Costs - The company's operating costs increased by 51.31% to ¥354,461,358.01 due to rising raw material costs[14] - Total operating costs for Q1 2018 were CNY 510,705,276.37, up from CNY 378,288,501.08, reflecting a significant increase in costs[25] - Sales expenses for Q1 2018 were CNY 90,811,398.27, an increase from CNY 76,517,860.98 in the previous year[26] - The company incurred sales expenses of CNY 72,211,349.97 in Q1 2018, an increase from CNY 62,897,800.41 in the previous year[27] Investment and Financing Activities - Investment activities generated a cash outflow of ¥63,913,549.18, although this was an improvement of ¥7,333,464.29 compared to the previous year[15] - Financing activities saw a cash inflow of ¥8,932,595.60, down by ¥36,134,669.84 due to increased loan repayments[15] - Cash inflow from financing activities was $176,470,000.00, slightly decreased from $183,000,000.00 in the previous period[31] - Net cash flow from financing activities was $8,916,786.60, a significant decrease from $45,067,265.44 in the previous period[31]

Financial Performance - The company's operating revenue for 2017 was CNY 1,462,821,920.06, representing a 12.37% increase compared to CNY 1,301,847,533.24 in 2016[23] - The net profit attributable to shareholders of the listed company decreased by 30.13% to CNY 38,914,648.49 from CNY 55,697,900.15 in the previous year[23] - The basic earnings per share for 2017 was CNY 0.10, down 16.67% from CNY 0.12 in 2016[24] - The weighted average return on equity decreased by 1.04 percentage points to 2.90% from 3.94% in 2016[24] - The company reported a significant increase in net assets attributable to shareholders, rising by 35.15% to CNY 2,177,789,932.66 from CNY 1,611,438,426.35 in 2016[23] - The company reported a non-recurring profit of RMB 17,498,442.59 in 2017, a significant increase from RMB 7,057,755.22 in 2016[27] - The company achieved gas sales of 398 million cubic meters, an increase of 64 million cubic meters or 20% year-over-year[38] - The company reported a net profit of CNY 423,019,805.78, compared to CNY 370,771,023.56, representing a year-over-year increase of about 14.06%[167] Cash Flow and Investments - The net cash flow from operating activities significantly dropped by 83.97% to CNY 22,146,837.80 from CNY 138,191,355.07 in 2016[23] - Cash flow from operating activities decreased significantly by 83.97% to 22.15 million yuan[42] - The total cash inflow from operating activities was CNY 1,653,990,354.65, an increase from CNY 1,399,635,093.60 in the previous year, reflecting a growth of approximately 18.2%[179] - The net cash flow from financing activities was CNY 341,393,262.45, up from CNY 114,680,402.31, indicating an increase of about 197.5%[180] - The company reported a cash interest coverage ratio of 1.96 in 2017, down from 3.22 in 2016, a decrease of 39.13%, due to reduced net cash inflow from operating activities[143] - The company reported a significant decrease in accounts payable by 56.97% to ¥54,900,000 from ¥127,600,000, due to reduced payments using notes payable[52] Assets and Liabilities - Total assets increased by 5.36% to CNY 5,403,927,170.47 from CNY 5,129,069,859.19 in 2016[23] - Total liabilities decreased to CNY 3,029,898,181.30 from CNY 3,334,567,964.23 in 2016[171] - Owner's equity rose to ¥2,053,632,987.62, an increase of 37.25% from ¥1,495,232,739.45 in the previous year[171] - The debt-to-asset ratio decreased to 59.55% in 2017 from 68.15% in 2016, a reduction of 12.62%, mainly due to the impact of a private placement of shares[143] - The total liabilities to equity ratio improved to 1.47 from 2.14, indicating a stronger financial position[166] Market and Operational Insights - The company operates in nine cities with a monopoly on urban pipeline gas supply, relying entirely on natural gas sourced from PetroChina and Sinopec[30] - The clean energy business aims to provide comprehensive energy solutions using natural gas, with future investments planned in distributed energy supply projects[31] - The market for vehicle gas is expanding, particularly for LNG-powered logistics vehicles, driven by increasing urbanization and environmental concerns[32] - The overall profit level in the urban pipeline gas industry is expected to continue stable growth due to urbanization and economic development[31] - The company is positioned to benefit from government initiatives promoting clean energy and urban development, particularly in the Changchun area[35] Challenges and Risks - The company faced challenges due to upstream gas supply shortages and government supply restrictions, impacting annual gas sales volume[37] - The company expects to face challenges in 2018 due to a slowdown in the overall economic growth in Northeast China and increased competition from alternative energy sources[65] - Increased competition from alternative energy sources and upstream companies implementing direct supply methods may impact market development[68] Corporate Governance and Social Responsibility - The company has integrated social responsibility into its corporate culture, emphasizing accountability to shareholders, customers, employees, and society[92] - The company is committed to promoting clean energy and enhancing the proportion of natural gas in urban energy consumption[93] - The company conducted training sessions totaling 8,437 hours, with 45,447 participants, resulting in an average of 68 hours of training per employee[127] - The company invested CNY 0.403 million in poverty alleviation projects, benefiting 108 registered impoverished individuals[90] Future Outlook - The company anticipates a 20% increase in natural gas sales for 2018, driven by ongoing market development efforts[62] - The company aims for a natural gas market growth of no less than 20% in 2018 compared to the previous year[67] - The company plans to expand its market presence and invest in new technologies to drive future growth[168]

Financial Performance - Operating revenue for the first nine months reached CNY 932,512,739.45, a 13.30% increase year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 13,606,425.31, a decrease of 148.00% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.02, a decrease of 140.00% compared to the previous year[6] - The company reported a net loss of CNY 22,730,049.80 for Q3 2017, compared to a profit of CNY 20,222,922.71 in Q3 2016[26] - The net profit for Q3 2017 was a loss of ¥5.42 million, compared to a profit of ¥25.52 million in Q3 2016, indicating a significant decline in profitability[30] - The total profit for Q3 2017 was a loss of ¥1.76 million, compared to a profit of ¥19.81 million in Q3 2016, indicating a substantial decline[30] Assets and Liabilities - Total assets increased by 4.76% to CNY 5,373,052,073.01 compared to the end of the previous year[6] - Total liabilities as of September 30, 2017, were CNY 3,055,282,918.78, a decrease from CNY 3,334,567,964.23 at the start of the year[24] - Cash and cash equivalents rose to CNY 115,386,770.32 from CNY 69,196,155.38 at the start of the year, reflecting a growth of 66.7%[22] - Inventory increased to CNY 188,054,234.73 from CNY 148,495,737.09, representing a growth of 26.7% year-to-date[23] - Other current assets increased by 215.90% to ¥39,556,154.66, primarily due to expected tax deductions[14] - Short-term borrowings rose by 109.22% to ¥1,464,950,000.00, mainly from increased short-term bank loans[14] - Long-term borrowings decreased by 59.96% to ¥232,800,000.00, mainly due to repayments of long-term bank loans[14] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 60,462,078.94, a decline of 151.85% year-on-year[6] - Cash inflow from operating activities for the year-to-date period reached ¥1,100,753,047.18, an increase of 12.3% compared to ¥980,044,863.07 in the same period last year[32] - Cash outflow from operating activities totaled ¥1,161,215,126.12, up 34.5% from ¥863,436,167.60 year-on-year[32] - Net cash flow from operating activities was negative at ¥60,462,078.94, a decline from a positive ¥116,608,695.47 in the previous year[32] - Cash inflow from financing activities reached ¥1,961,580,000.00, significantly higher than ¥753,496,000.00 in the same period last year[33] - Cash outflow from financing activities totaled ¥1,617,013,243.53, an increase from ¥676,232,031.61 year-on-year[33] - Net cash flow from financing activities was positive at ¥344,566,756.47, compared to ¥77,263,968.39 in the previous year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,992[12] - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares[12] Government Subsidies - Government subsidies recognized in the first nine months amounted to CNY 7,623,549.97[8] Operating Costs - Total operating costs for Q3 2017 were CNY 292,904,985.55, a rise of 19.9% from CNY 244,157,281.16 in Q3 2016[26] - Year-to-date total operating costs amounted to CNY 968,736,012.07, increasing by 17% from CNY 828,762,276.34 year-on-year[26] - Operating costs for Q3 2017 were ¥115.40 million, up from ¥111.22 million in Q3 2016, reflecting an increase of approximately 3.06%[29]

Financial Performance - The company's operating revenue for the first half of 2017 was approximately CNY 662.78 million, representing a 17.23% increase compared to CNY 565.35 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was approximately CNY 12.96 million, a significant increase of 847.85% from CNY 1.37 million in the previous year[16]. - The basic earnings per share for the first half of 2017 was CNY 0.02, up from CNY 0.003 in the same period last year[17]. - The weighted average return on equity increased to 0.80% from 0.09% in the previous year, marking an increase of 0.71 percentage points[17]. - The company achieved a sales revenue of 663 million RMB, representing a 17.23% increase compared to the same period last year[28]. - Natural gas sales volume increased by 21% year-on-year, with natural gas gross profit rising by 19%, accounting for 76% of total operating profit[27]. - The company reported a total profit of CNY 8,768,529.31, compared to a loss of CNY 1,334,339.33 in the same period last year[75]. - The net profit for the first half of 2017 reached CNY 11,730,501.88, a significant recovery from a net loss of CNY 1,498,100.60 in the previous year[77]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 14.55 million, a decrease of 136.60% compared to a positive cash flow of CNY 39.75 million in the same period last year[16]. - The company’s cash flow from financing activities increased significantly to 707 million RMB, a 2,270.51% increase compared to the previous year[28]. - The total assets at the end of the reporting period were approximately CNY 5.77 billion, an increase of 12.41% from CNY 5.13 billion at the end of the previous year[16]. - The total assets amounted to CNY 5,465,017,474.28, compared to CNY 4,829,800,703.68 in the previous year[74]. - Current assets increased to ¥1,218,922,382.78 from ¥668,911,931.62, representing an increase of approximately 82%[68]. - Cash and cash equivalents rose significantly to ¥656,618,421.68 from ¥146,671,874.43, marking an increase of about 348%[68]. - Total liabilities rose to ¥3,600,899,931.80 from ¥3,495,630,491.43, an increase of approximately 3%[69]. - Total equity increased to ¥2,164,500,112.62 from ¥1,633,439,367.76, reflecting a growth of approximately 32%[70]. Investments and Subsidiaries - The company has signed long-term supply contracts with major upstream suppliers, ensuring sufficient gas source security[24]. - The company has a diversified portfolio of subsidiaries engaged in gas distribution and installation services across multiple regions[33]. - The subsidiary Changchun Gas (Yanhui) Co., Ltd. reported total assets of CNY 204.16 million and a net profit of CNY 2.35 million[33]. - The company’s investment in external equity increased by 50% to 4.5 million RMB during the reporting period[32]. - The company completed a private placement of 79,410,876 shares, raising a total of RMB 525.7 million, with a net amount of RMB 516.76 million after deducting issuance costs[43]. Shareholder and Capital Structure - The registered capital of the company increased to RMB 1,021.9 million following a capital increase by its controlling shareholder, with the government holding 40.83% and other investors holding the remaining shares[44]. - The total number of shares after the issuance is 609,030,684, with 79,410,876 shares being subject to restrictions, representing 13.04% of the total[46]. - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 79,410,876 shares, representing 58.75% of the total shares[52]. - The company’s controlling shareholder committed not to transfer or sell 79,410,876 shares acquired during the non-public offering until July 2020[37]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating the company has sufficient financial resources for at least the next 12 months[106]. - The company adheres to accounting standards, ensuring that financial reports accurately reflect its financial position and operating results[108]. - The company has a consolidated financial reporting method that includes all controlled subsidiaries[113]. - The company’s accounting policies include provisions for bad debts, inventory measurement, and depreciation methods for fixed assets[107]. Risk Management and Provisions - The company recognized a bad debt provision of CNY 938,688.99 during the period, with no recoveries or reversals reported[174]. - The provision for bad debts for accounts receivable is 89.94%, indicating a high level of risk associated with these receivables[182]. - The company conducts impairment tests on long-term assets, including equity investments and fixed assets, whenever there are signs of impairment, with the recoverable amount being the higher of fair value less costs to sell and present value of future cash flows[148]. Operational Highlights - The company operates in nine cities with a monopoly on urban pipeline gas supply, relying entirely on natural gas sourced from major suppliers like PetroChina and Sinopec[21]. - The company is focusing on the development of clean energy projects, targeting industrial clients for comprehensive energy supply solutions[21]. - The company has a complete industrial chain for municipal construction projects, including design, construction, and supervision capabilities[21].

Financial Performance - The company's operating revenue for 2016 was CNY 1,301,847,533.24, a decrease of 14.00% compared to CNY 1,513,744,497.74 in 2015[20] - The net profit attributable to shareholders for 2016 was CNY 62,755,655.37, a significant recovery from a loss of CNY 326,987,472.56 in 2015[20] - The net cash flow from operating activities for 2016 was CNY 138,191,355.07, improving from a negative cash flow of CNY 91,690,091.45 in 2015[20] - Total assets at the end of 2016 were CNY 5,129,069,859.19, an increase of 7.88% from CNY 4,754,347,276.99 at the end of 2015[20] - The basic earnings per share for 2016 was CNY 0.12, recovering from a loss of CNY 0.62 in 2015[21] - The weighted average return on equity for 2016 was 3.94%, a recovery from -18.83% in 2015[21] - The company reported a total revenue of approximately CNY 1.45 billion, with a net profit of CNY 840 million, reflecting a profit increase of 25% compared to the previous year[56] - The company aims for a natural gas sales volume increase of no less than 20% in 2017, driven by the development of urban pipeline gas and vehicle gas businesses[58] Cash Flow and Financing - The company reported a net cash flow from operating activities of CNY 138.19 million, a significant recovery from a negative cash flow of CNY 91.69 million in the previous year[36] - Investment cash flow decreased to -¥488,862,061.82 from -¥523,801,863.50, primarily due to reduced capital expenditures on fixed assets and intangible assets[46] - Financing cash flow decreased by 85.97% to ¥114,680,402.31 from ¥817,216,362.08, mainly due to increased cash payments for debt repayment[46] - The company received CNY 1,319,637,500.00 from borrowings, an increase from CNY 977,004,958.34 in the previous year, showing increased reliance on debt financing[147] - The total cash outflows from financing activities were 1,307,138,097.69 RMB, significantly higher than 615,588,596.26 RMB in the previous year, representing a 111.4% increase[150] Assets and Liabilities - Total assets as of December 31, 2016, amounted to CNY 4,829,800,703.68, an increase from CNY 4,603,029,694.79 at the beginning of the year[138] - Total liabilities as of December 31, 2016, were CNY 3,334,567,964.23, up from CNY 3,082,343,470.91 at the start of the year[138] - The company's total equity reached RMB 1.633 billion at the end of 2016, up from RMB 1.600 billion at the beginning of the year, reflecting a growth of approximately 2.1%[135] - The company's current ratio decreased from 40.60% in 2015 to 26.06% in 2016, a decline of 14.54% due to a reduction in cash[123] - The company's quick ratio also fell from 27.58% in 2015 to 13.20% in 2016, a decrease of 14.38% attributed to reduced cash reserves[123] Operational Efficiency and Strategy - The company is focusing on enhancing operational efficiency and innovation as part of its 2017 strategy, termed "Quality, Innovation, Excellence"[58] - The company is actively pursuing the "coal-to-gas" project to promote cleaner energy utilization[58] - The company has implemented safety management improvements, leading to a better safety record and proactive risk management[30] - The company has signed long-term supply contracts with major suppliers, ensuring stable gas source availability[30] - The company is prioritizing the development of urban pipeline gas and vehicle gas businesses as part of its strategic focus[57] Governance and Compliance - The company has no violations in decision-making procedures for providing guarantees[8] - The company has not encountered any violations regarding insider information management and has implemented strict confidentiality measures[5] - The company has established a dedicated team for information disclosure, ensuring compliance with relevant regulations and equal access to information for all shareholders[5] - The board of directors and supervisory board operate in compliance with legal requirements, ensuring effective governance and decision-making[110] Employee and Management - The total number of employees in the parent company and major subsidiaries is 2,849, with 1,707 in the parent company and 1,142 in subsidiaries[105] - The company implemented a performance-oriented dynamic salary system to align employee compensation with corporate goals[106] - A total of 40,948 training sessions were conducted, with employees accumulating 190,932 hours of training, averaging 66 hours per employee[107] - The total compensation for the chairman Zhang Zhichao is 8,711,820.5 CNY[96] - The total remuneration for all directors, supervisors, and senior management was 7.178 million yuan for the reporting period[103] Risks and Challenges - The company has identified risks including a slowdown in the Northeast economy and increased competition from alternative energy sources, which may impact natural gas sales[59] - The company has faced challenges in developing large commercial customer markets due to upstream suppliers' direct supply strategies, affecting its bargaining power[59] Social Responsibility - The company actively engages in social responsibility initiatives, including environmental protection and resource conservation[75] - The company has been involved in the renovation of old pipelines to address urban safety issues[75] - The company promotes the efficient use of clean energy through product structure adjustments[75]

Financial Performance - Operating revenue rose by 10.80% to CNY 383,977,259.30 year-on-year[6] - Net profit attributable to shareholders decreased by 16.72% to CNY 18,436,932.47 compared to the same period last year[6] - Basic earnings per share fell by 25.00% to CNY 0.03[6] - Operating revenue increased significantly, leading to a 110.79% rise in business taxes and surcharges to ¥1,403,150.07 compared to ¥665,671.06 in the same period last year[15] - Financial expenses rose by 51.82% to ¥15,628,472.31, primarily due to increased loan amounts and corresponding interest expenses[15] - Total operating revenue for Q1 2017 was CNY 383,977,259.30, an increase of 10.8% compared to CNY 346,564,636.41 in the same period last year[26] - Total operating costs for Q1 2017 were CNY 378,288,501.08, up from CNY 337,732,753.51, reflecting a year-over-year increase of 12.0%[26] - Net profit for Q1 2017 was CNY 17,188,411.42, down from CNY 20,321,108.80, representing a decrease of 15.5% year-over-year[28] - The company reported an investment income of CNY 9,529,366.75, slightly down from CNY 10,582,610.77, a decrease of 9.9% year-over-year[26] - The company reported a total profit of CNY 18,725,006.76 for Q1 2017, slightly up from CNY 18,551,550.78 in Q1 2016, reflecting a growth of about 0.9%[30] Cash Flow - Net cash flow from operating activities turned negative at CNY -4,860,984.63, a decline of 110.69% from the previous year[6] - Cash inflow from operating activities totaled CNY 395,225,698.26, compared to CNY 363,335,787.80 in the previous year, reflecting an increase of approximately 8.8%[33] - Cash received from other operating activities surged by 340.40% to ¥12,549,645.72, attributed to an increase in temporary receipts during the reporting period[17] - Cash paid for purchasing goods and services increased by 44.56% to ¥290,981,899.09, reflecting higher sales revenue[17] - Cash paid for various taxes rose by 97.62% to ¥17,575,753.40, driven by an increase in taxable amounts during the reporting period[17] - The net cash flow from operating activities was negative at CNY -4,860,984.63, a significant decline from CNY 45,474,178.61 in Q1 2016[33] - Cash and cash equivalents at the end of the period stood at CNY 115,631,141.77, down from CNY 279,504,708.77 at the end of the previous year, a decrease of about 58.6%[34] - The net cash flow from financing activities was CNY 45,067,265.44, up from CNY 18,916,481.74 in the previous year, representing an increase of approximately 138.5%[34] Assets and Liabilities - Total assets increased by 1.25% to CNY 5,193,301,224.96 compared to the end of the previous year[6] - Total liabilities amounted to ¥3,542,001,124.87, compared to ¥3,495,630,491.43 at the start of the year, reflecting an increase in financial obligations[23] - The company's total assets as of March 31, 2017, were CNY 4,903,911,471.59, compared to CNY 4,829,800,703.68 at the beginning of the year, showing an increase of 1.5%[25] - Current liabilities totaled CNY 2,483,626,997.09, an increase from CNY 2,427,698,000.21 at the beginning of the year, reflecting a rise of 2.3%[25] - Total assets reached ¥5,193,301,224.96, up from ¥5,129,069,859.19 at the beginning of the year[21] Shareholder Information - The number of shareholders reached 47,768 at the end of the reporting period[9] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[9] Inventory and Other Assets - Accounts receivable increased by 40.49% to CNY 69,528,008.37 due to an increase in credit sales[13] - Other current assets rose by 38.34% to CNY 17,322,578.14, primarily due to an increase in deductible input tax[13] - The company's inventory increased to CNY 161,755,781.87 from CNY 148,495,737.09, reflecting an increase of 8.5%[24]

Financial Performance - Operating revenue decreased by 21.27% to CNY 823,016,084.36 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders increased by 309.91% to CNY 28,348,365.51 for the first nine months compared to the same period last year[6] - Basic earnings per share rose by 284.62% to CNY 0.05 compared to the same period last year[7] - Net profit rose significantly by 456.32% to ¥25,230,483.16 from ¥4,535,265.00, driven by increased contributions from core business operations[15] - Net profit for the first nine months of 2016 reached CNY 25,521,717.70, compared to a net profit of CNY 226,499.50 in the same period last year[32] - Total profit for Q3 2016 was CNY 19,806,200.93, a decrease of CNY 1,172,198.21 compared to the previous year[32] Cash Flow - The net cash flow from operating activities was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 116,608,695.47, a significant improvement from a negative cash flow of CNY 141,720,294.50 in the previous year[33] - Cash inflow from operating activities totaled CNY 980,044,863.07, while cash outflow was CNY 863,436,167.60, resulting in a net cash flow of CNY 116,608,695.47[33] - Total cash and cash equivalents at the end of the period were CNY 139,590,827.60, a decrease from CNY 319,693,132.74 at the end of the previous year[34] - The beginning balance of cash and cash equivalents was $280,864,866.62[38] - The ending balance of cash and cash equivalents was $59,446,277.21[38] Assets and Liabilities - Total assets increased by 2.23% to CNY 4,860,198,074.67 compared to the end of the previous year[6] - Total assets increased to ¥4,860,198,074.67 from ¥4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to ¥2,321,459,688.31 from ¥2,230,974,285.08, influenced by an increase in short-term borrowings[21] - Total liabilities increased to CNY 3,143,884,721.28 from CNY 3,082,343,470.91 at the start of the year, reflecting a rise of 2%[25] - Non-current liabilities totaled CNY 919,835,397.33, up from CNY 905,977,268.75, indicating a growth of 1.9%[25] - Current assets decreased to CNY 654,408,542.56 from CNY 895,389,604.68, a decline of 27%[24] Shareholder Information - The total number of shareholders reached 44,556 at the end of the reporting period[12] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[12] Operating Costs and Expenses - Operating costs decreased by 36.36% to ¥484,108,122.95 from ¥760,736,003.91, mainly due to the shutdown of the coking business[14] - The company incurred operating expenses of CNY 863,436,167.60, compared to CNY 1,385,893,130.65 in the previous year[33] - Total operating costs for Q3 2016 were ¥244,157,281.16, a decrease of 15.6% from ¥289,380,124.23 in Q3 2015[28] - Sales expenses for Q3 2016 were ¥53,045,281.92, down 16.0% from ¥63,163,954.85 in Q3 2015[28] - Financial expenses for Q3 2016 increased to ¥14,913,829.18, up 88.5% from ¥7,905,933.33 in Q3 2015[28] Future Outlook - The company plans to issue non-public shares, with the application already approved by the China Securities Regulatory Commission[16] - The company expects a positive net profit for 2016, following a significant loss in 2015 due to the coking industry shutdown[17] - The company plans to continue focusing on expanding its market presence and enhancing operational efficiency in the upcoming quarters[36]

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥565.35 million, a decrease of 23.05% compared to ¥734.65 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2016 was approximately ¥1.37 million, a significant improvement from a loss of ¥15.04 million in the same period last year[20]. - The company's operating revenue decreased from 734.65 million to 565.35 million, a decline of 23.05% due to reduced sales from coking and related products[27]. - The company reported a net loss of CNY 1,498,100.60 for the first half of 2016, an improvement from a net loss of CNY 17,397,780.35 in the same period last year[78]. - The total profit for the first half of 2016 was CNY 5,193,754.72, a decrease from CNY 5,566,212.72 in the same period last year, representing a decline of approximately 6.7%[81]. - The net profit for the first half of 2016 was CNY 5,908,731.19, down from CNY 6,432,462.59, indicating a decrease of about 8.1% year-over-year[81]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of approximately ¥39.75 million, a recovery from a negative cash flow of ¥181.33 million in the same period last year[20]. - Operating cash flow for the first half of 2016 was CNY 39,754,506.34, a significant improvement compared to a negative cash flow of CNY -181,328,171.58 in the previous year[83]. - The total cash inflow from financing activities was CNY 512,496,000.00, down from CNY 722,420,000.00 in the previous year, indicating a decrease of approximately 29.1%[84]. - The total cash at the end of the period is CNY 132,279,493.65, a decrease from CNY 388,663,962.58 at the beginning of the period, representing a decline of approximately 66%[153]. Assets and Liabilities - The company's total assets as of June 30, 2016, were approximately ¥4.77 billion, reflecting a slight increase of 0.32% from the end of the previous year[20]. - Total liabilities increased from ¥3,154,377,954.29 to ¥3,196,780,216.17, a rise of approximately 1.3%[71]. - Total current assets decreased from ¥905,733,195.98 to ¥646,430,455.78, a decline of approximately 28.6%[69]. - Total non-current assets increased from ¥3,848,614,081.01 to ¥4,123,177,722.45, reflecting a growth of about 7.1%[70]. Investments and Capital Structure - The company has submitted a non-public A-share issuance plan to the China Securities Regulatory Commission, awaiting approval[28]. - The company has invested 3 million in external equity investments during the reporting period, a decrease of 64.71% from 8.5 million in the previous year[37]. - The company has a total of 12 subsidiaries, with varying levels of profitability and asset management[42]. - The company issued 68.1 million shares through a private placement, increasing its registered capital to 529,619,808.00 yuan, with the controlling shareholder holding 52.57% of the shares[98]. Operational Challenges and Adjustments - The company faced challenges including increased competition in the vehicle gas market and a decline in installation services due to a sluggish real estate market[23]. - The company has successfully completed the structural adjustment of its product offerings by ceasing the production and sale of artificial coal gas, which has positively impacted its profitability[23]. - The company experienced a significant increase in financial expenses due to a rapid growth in loan balances in recent years[23]. Revenue Recognition and Accounting Policies - The company recognizes revenue from the sale of natural gas based on retail meter readings and delivery confirmations, ensuring that revenue is recognized only when ownership risks and rewards have transferred to the buyer[143]. - The group applies a percentage method for bad debt provision on accounts receivable, with a 100% provision for certain risk categories[119]. - The company conducts impairment tests on long-term assets, including equity investments and fixed assets, whenever there are signs of impairment, with the recoverable amount being the higher of fair value less costs to sell and present value of future cash flows[135]. Shareholder Information - The company reported a total of 529,619,808 shares outstanding, with 496,019,808 shares being freely tradable, representing 93.66% of the total[58]. - The total number of shareholders reached 29,888 by the end of the reporting period[60]. - The largest shareholder, Changchun Gas Co., Ltd., holds 278,400,000 shares, accounting for 52.57% of the total shares[61]. Compliance and Governance - The company maintained compliance with corporate governance standards as per relevant laws and regulations[58]. - There were no changes in the company's accounting policies or significant errors corrected during the reporting period[58]. - The company has not reported any significant litigation or bankruptcy restructuring matters during the reporting period[51].

Financial Performance - Net profit attributable to shareholders increased by 883.82% to CNY 22,137,669.44 from CNY 2,250,184.36 in the same period last year[6] - Basic earnings per share increased by 900.00% to CNY 0.04 from CNY 0.004 in the previous year[6] - Net profit attributable to the parent company surged by 883.82% to CNY 22,137,669.44, driven by increased gross profit from main products[15] - Net profit for the first quarter was CNY 20,321,108.80, a significant increase from CNY 387,241.47 in the previous period, representing a growth of over 5,200%[26] - The company reported an operating profit of CNY 19,414,493.67, up from CNY 4,699,671.63, marking an increase of approximately 313%[26] Revenue and Costs - Operating revenue decreased by 17.33% to CNY 346,564,636.41 compared to CNY 419,204,250.39 in the previous year[6] - Operating costs decreased by 34.04% to CNY 208,734,855.47, primarily due to the suspension of coking products[15] - Operating revenue decreased to CNY 346,564,636.41 from CNY 419,204,250.39, a drop of approximately 17.3%[26] - Operating costs also fell to CNY 337,732,753.51 from CNY 423,797,137.24, a decrease of about 20.3%[26] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 45,474,178.61, a 195.48% increase from a negative CNY 47,627,572.34 in the same period last year[6] - Net cash flow from operating activities improved by 195.48% to CNY 45,474,178.61, mainly due to reduced purchasing expenses following the coking product suspension[16] - Cash flow from investing activities worsened by 69.28% to -CNY 167,548,130.45, primarily due to increased capital expenditures on fixed assets[16] - Cash flow from financing activities decreased by 91.37% to CNY 18,916,481.74, mainly due to reduced loans during the reporting period[16] - Cash inflow from operating activities decreased to CNY 363,335,787.80 in Q1 2016, down 21% from CNY 459,125,797.93 in Q1 2015[33] - Cash outflow from operating activities was CNY 317,861,609.19 in Q1 2016, a decrease of 37% compared to CNY 506,753,370.27 in Q1 2015[33] - Investment activities resulted in a net cash outflow of CNY -167,548,130.45 in Q1 2016, compared to CNY -98,977,377.19 in Q1 2015[33] - Financing activities generated a net cash inflow of CNY 18,916,481.74 in Q1 2016, down from CNY 219,190,498.74 in Q1 2015[34] Assets and Liabilities - Total assets increased by 2.00% to CNY 4,849,637,852.66 compared to the end of the previous year[6] - Total assets increased to CNY 4,849,637,852.66 from CNY 4,754,347,276.99, reflecting growth in both current and non-current assets[20] - Current liabilities rose to CNY 2,296,524,484.26 from CNY 2,230,974,285.08, with significant increases in other payables[21] - Total equity attributable to shareholders increased to CNY 1,597,067,719.35 from CNY 1,574,269,487.60, indicating a stable financial position[21] - Total liabilities rose to CNY 3,131,380,199.94 from CNY 3,082,343,470.91, indicating an increase of around 1.59%[24] Shareholder Information - The number of shareholders reached 35,673 at the end of the reporting period[10] - The largest shareholder, Changchun Changgang Gas Co., Ltd., holds 52.57% of the shares[10] Management and Strategy - Management expenses increased by 52.33% to CNY 47,112,039.10, attributed to adjustments related to the handling of legacy issues from the coking business suspension[15] - Financial expenses rose by 81.44% to CNY 10,294,251.07, mainly due to increased interest on liquidity loans during the reporting period[15] - The company plans to focus on market expansion and new product development to drive future growth[26] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[30]