Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.35 per 10 shares, totaling RMB 82,568,970.33 (before tax), based on a total of 2,359,113,438 shares after deducting repurchased shares[5] - Cash dividend distribution: RMB 0.35 per share, totaling RMB 82,568,970.33, accounting for 30.83% of the net profit attributable to shareholders[156] Share Repurchase - The company's total share capital is 2,369,111,152 shares, with 9,997,714 shares repurchased[5] - Employee stock repurchase: 9,997,714 shares repurchased at an average price of RMB 3.65 per share, totaling RMB 36,477,557.24[157] Financial Performance - Annual revenue reached 9.94 billion RMB, a year-on-year increase of 3.73%[24] - Net profit attributable to shareholders of the listed company was 267.86 million RMB, a year-on-year decrease of 34.92%[24] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 190.19 million RMB, a year-on-year decrease of 11.32%[24] - Total assets at the end of the period were 13.93 billion RMB, a year-on-year increase of 18.52%[24] - Equity attributable to shareholders of the listed company was 5.07 billion RMB, a year-on-year increase of 17.91%[24] - Basic earnings per share were 0.124 RMB, a year-on-year decrease of 35.08%[25] - Weighted average return on equity was 5.35%, a decrease of 4.59 percentage points year-on-year[25] - Operating cash flow for the year was -835.23 million RMB, an improvement of 7.58% compared to the previous year[24] - The company achieved a revenue of 9.94 billion yuan, a year-on-year increase of 3.73%, and a net profit attributable to shareholders of 267 million yuan[65] Contract and Order Information - Newly signed contract orders for the year amounted to 16.42 billion RMB, with 1.82 billion RMB in orders won but not yet signed[35] - The company signed steel structure contracts totaling approximately 12.041 billion yuan, a year-on-year increase of 12.44%[36] - The company completed 152 projects with a total value of 5,451,304,700 RMB in 2022[87] - The company has 350 ongoing projects with a total value of 20,339,002,300 RMB, including 8 overseas projects[89] - The company signed 358 new projects in 2022 with a total value of 16,423,549,500 RMB[90] - The company holds orders worth 11,341,795,900 RMB, including 74,438,250 RMB for projects not yet started and 1,059,741,340 RMB for ongoing projects[91] Subsidiary and Investment Information - The company invested in new production bases in Henan Xin'an and acquired a controlling stake in Bozhou Hangxiao, while also participating in the mixed-ownership reform of Wuhu Urban Construction Company[36] - The company's subsidiary, Jiangxi Hangxiao, paid RMB 930,000 in personal income tax on behalf of a shareholder, which was repaid on January 18, 2023[7] - The company completed a private placement in February 2022, raising 830 million yuan to invest in a green prefabricated building intelligent manufacturing demonstration base in Hangzhou, with an annual production capacity of 450,000 tons of steel structure products and 2.5 million square meters of enclosure products[60] - Shandong Hangsu reported total assets of 72,858.33 million and net assets of 20,136.31 million[99] - Anhui Hangsu reported total assets of 44,875.25 million and net assets of 14,559.92 million[99] - Hebei Hangxiao reported total assets of 159,078.21 million and net assets of 33,939.01 million[99] - Guangdong Hangsu reported total assets of 114,859.17 million and net assets of 31,373.72 million[99] - Wanjun Green Building reported total assets of 177,736.54 million and net assets of 63,950.03 million[99] R&D and Innovation - The company's industrial internet project obtained 3 authorized invention patents and 4 computer software copyright registration certificates, and was listed as a key "industrial internet project" by the provincial, municipal, and district governments[38] - The self-service transaction amount on the company's platform reached 1.47 billion yuan, accounting for 35.58% of the total platform transaction volume[38] - The company's subsidiary successfully developed an automatic welding control system for steel structure small parts (stiffening plates) and implemented multiple automatic welding workstations[39] - The company built distributed photovoltaic power stations with a total capacity of 13,312KW, including a 9,600KW project in Xiaoshan, which is the largest single photovoltaic building integration project in Zhejiang Province[41] - The company's R&D expenses increased by 27.22% to 487.79 million yuan, mainly due to increased R&D investment[66] - Total R&D investment accounted for 5.18% of total revenue, with 5.22% of R&D investment capitalized[76] - The company has 1,126 R&D personnel, accounting for 17% of the total workforce[77] Environmental and Social Responsibility - The company built distributed photovoltaic power stations with a total capacity of 13,312KW, including a 9,600KW project in Xiaoshan, which is the largest single photovoltaic building integration project in Zhejiang Province[41] - The company installed solar photovoltaic panels on the roof of its Xiaoshan factory, with the first phase of the project in progress. Upon completion, part of the energy will be used by the company, and the rest will be handled by the installation company. Measured data will be available after completion[172] - The company's total investment in external donations and public welfare projects amounted to 1.3322 million yuan, including 1.2352 million yuan in cash donations and 97,000 yuan in material donations[173] - The company's two sets of organic waste gas treatment facilities, using activated carbon adsorption and catalytic combustion, are operating normally, with a waste gas treatment efficiency of approximately 91.5%[164] - The company's total emissions of volatile organic compounds (VOCs) were 5.778 tons per year, well below the permitted limit of 58.55 tons per year, with no超标排放[163] - The company has established emergency response plans for environmental incidents, which have been filed with the local environmental protection bureaus in Xiaoshan and Jiaozhou[166] - The company has installed online monitoring equipment and developed a self-monitoring plan, which has been filed with the relevant authorities[167] - The company's particulate matter emissions were 5.076 tons per year, below the permitted limit of 13.09 tons per year, with no超标排放[163] - The company has a dedicated environmental protection department responsible for managing, supervising, and inspecting daily environmental protection work[168] - The company's subsidiaries not listed as key pollutant discharge units will also strictly comply with national environmental laws and regulations[169] - The company has conducted environmental impact assessments for its construction projects and obtained the necessary environmental permits[165] Corporate Governance and Leadership - The company's board of directors, supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the annual report[4] - The company's legal representative is Shan Yinmu[16] - The company's Chairman, Dan Yinmu, holds 904,713,764 shares and received a pre-tax remuneration of 3.39 million yuan in 2022[128] - The company's Vice Chairman and President, Lu Yongjun, holds 26,246,741 shares and received a pre-tax remuneration of 980,000 yuan in 2022[128] - The company's CFO, Xu Qiong, holds 582,645 shares and received a pre-tax remuneration of 785,800 yuan in 2022[128] - The company's CEO, Che Jihua, holds 14,904,900 shares and received a pre-tax remuneration of 1.297 million yuan in 2022[128] - The company's 2022 Annual General Meeting approved the 2022 employee stock ownership plan and related management measures[126] - The company's 2022 Second Extraordinary General Meeting approved proposals to provide guarantees for subsidiaries and revise the external investment management system[126] - The company's 2022 Annual Report indicates no significant differences in corporate governance compared to legal and regulatory requirements[125] - The company's 2022 Annual Report shows no major changes in the independence of assets, personnel, finance, organization, and business from the controlling shareholder[125] - The company's 2022 Annual Report details the shareholding and remuneration of directors, supervisors, and senior management, with no significant changes in shareholding during the year[128] - Total compensation for executives in 2022 amounted to 970.197 million yuan[129] - Vice President Liu Angui's compensation was 1,313,507 yuan, the highest among the listed executives[129] - Vice President Tan Bo achieved a performance completion rate of 95.32%, the highest among the executives[129] - Vice President Liu Xiaoguang holds the position of Chief Engineer and has a performance completion rate of 94.08%[129] - Vice President Cai Zhiheng has a performance completion rate of 89.52% and serves as the General Manager of Henan Hangxiao[129] - Vice President Huang Xinliang holds multiple professional qualifications including Senior Economist and National First-Class Registered Structural Engineer[131] - Vice President Wang Lei graduated from Tsinghua University's School of Economics and Management with an MBA degree[131] - Vice President Zhang Bo has been with the company since 2003 and currently serves as the General Manager of Guangdong Hangxiao[131] - Vice President Lan Kalai holds a master's degree in Civil Engineering from Wuhan University of Technology[131] - Vice President Song Beibei joined the company in May 2021 and currently serves as Vice President and Board Secretary[131] - Total actual remuneration for all directors, supervisors, and senior management in the reporting period amounted to 15.3718 million yuan[133] Regulatory and Compliance - The company received a regulatory warning from the Shanghai Stock Exchange on August 3, 2022, regarding certain responsible persons[136] - The company received a warning letter from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on August 19, 2022, regarding a senior executive[136] - The company's senior management received a regulatory warning due to a short-term trading violation by a family member[199] - The company emphasized the importance of compliance with securities laws and regulations to prevent future violations[200] Litigation and Legal Matters - The company has ongoing litigation with Xinjiang Tian Sheng Industrial Co., Ltd. regarding a construction contract, with a total claim amount of RMB 44.085 million, of which RMB 20.816 million is secured debt and RMB 4.067 million is interest[193] - The company reached a settlement with Guizhou Xingdong National Health Industry Co., Ltd. for a construction contract dispute, with a total payment of RMB 48.5715 million, of which RMB 38 million has been received, and the remaining amount is under enforcement[193] - The company has a construction contract dispute with Yunnan Boxin Real Estate Development Co., Ltd., with a remaining claim amount of RMB 3.6304 million, currently under enforcement[193] - The company's litigation with Baotou Guorui Carbon Valley Co., Ltd. regarding a construction contract has a first-instance judgment in effect and is under enforcement[189] - The company's litigation with Inner Mongolia Kaide Real Estate Development Co., Ltd. regarding a construction contract has a second-instance judgment maintaining the original ruling, with the remaining amount under enforcement[189] - The company's litigation with Tianjin Gaosheng Real Estate Development Co., Ltd. regarding a construction contract has a first-instance judgment in effect and is under enforcement[189] - The company's litigation with Inner Mongolia Kaide Real Estate Development Co., Ltd. regarding a loan contract has a mediation agreement from the Tangshan Intermediate People's Court, with the remaining amount under phased enforcement[190] - The company filed a lawsuit against Zhejiang Guangchuan Construction Co., Ltd. for a construction contract dispute involving an amount of 1.13231 million yuan[194] - A lawsuit was filed against Chenggong District Dacheng Real Estate Co., Ltd. for a construction contract dispute involving an amount of 7.64566 million yuan[194] - The company recovered 1.2307512 million yuan from a lawsuit against Zhejiang Xiangsheng Construction Engineering Co., Ltd.[194] - Jiangxi Hangxiao won a lawsuit against Sichuan Gaobiao Construction Engineering Co., Ltd. for a construction contract dispute involving an amount of 7.33583 million yuan[194] - Jiangxi Hangxiao won a lawsuit against Sichuan Gaobiao Construction Engineering Co., Ltd. for a construction contract dispute involving an amount of 2.35971 million yuan[194] - Hebei Hangxiao received a first-instance judgment for a construction contract dispute involving an amount of 2.81249 million yuan[195] - Hebei Hangxiao is still awaiting the recovery of 1.20563 million yuan from a construction contract dispute with Ningxia Beifang Caixin Construction Group Co., Ltd.[195] - Wanjun Lvjian filed a lawsuit against Huludao Lijia Real Estate Development Co., Ltd. for a contract dispute involving an amount of 1.35601 million yuan[195] Industry and Market Outlook - The national construction industry output value in 2022 was 31.19798 trillion yuan, a year-on-year increase of 6.5%, but the growth rate decreased by 4.5 percentage points[43] - The supply of industrial land in 100 cities reached 1.218 billion square meters, a year-on-year increase of 19%, accounting for 55% of the total supply[44] - China's steel structure industry is expected to grow at an annual rate of 10% to 15% over the next five to ten years[102] - Steel structure usage in China is projected to reach 13,765 million tons by 2025, with a year-on-year growth rate of 13%[102] - The top five listed companies in the steel structure industry had a combined output of 6.19 million tons in 2021, with a concentration rate of 6.38%, up 1.1% from the previous year[104] - The BIPV market is projected to have a new market space of 37.5 billion yuan for photovoltaic curtain walls and 55.5 billion yuan for photovoltaic roofs from 2022 to 2025, with a total renovation market of 225.3 billion yuan[106] Strategic Goals and Future Plans - The company aims to become a world-class green building integrated service provider, integrating R&D, design, manufacturing, installation, building materials, construction, supply chain, and BIPV photovoltaic building integration[47] - Hangxiao Steel Structure aims to become a world-class green building integrated service provider, focusing on R&D, design, manufacturing, installation, building materials, general contracting, supply chain, and BIPV[106] - The company is implementing a "career partner" sharing mechanism to maximize the autonomy and flexibility of outstanding talents, with projects as the smallest unit for profit accounting[107] - Hangxiao Steel Structure is expanding its national production base, leveraging its capital advantages, brand, qualifications, and technology to ensure sufficient production capacity and delivery guarantees[108] - The company is establishing a professional in-house construction workforce, encouraging skilled project managers and construction teams to form a core team of industrial workers[109] - Hangxiao Steel Structure is building a green building "industry energy aggregation platform" using blockchain and supply chain finance to enhance trust and reshape the industry value chain[110] - The company is leveraging BIPV technology to explore new engineering systems for public, commercial, and residential buildings, aiming to seize market opportunities in the green building sector[111] - New contracts and sales revenue are expected to significantly increase in 2023 compared to 2022, with a focus on expanding into "Belt and Road" countries[112] - The company will intensify efforts to develop general contracting and bridge steel structure businesses, targeting county-level markets[112] - Construction of intelligent steel structure production lines and information management platforms will be advanced[112] - The company will continue to invest in R&D, leveraging national postdoctoral and provincial academician workstations, and collaborate with universities and research institutes to develop new steel structure prefabricated housing systems and BIPV technologies[112] - The company aims to enhance its B2B platform, Wan Jun Green Building, by implementing real-time bidding and online tendering features to boost sales and attract high-quality suppliers and buyers[112] - The company will focus on BIPV technology development and patent layout to expand market reach[113] Risk Factors - The company faces risks from macroeconomic policy changes, which could impact its steel structure business, and will monitor economic conditions closely to adjust strategies accordingly[115] - Fluctuations in steel prices pose a cost risk, and the company will implement a steel price tracking mechanism and strengthen supplier relationships to control procurement costs[116] - The company acknowledges risks associated with its innovative businesses, such as Wan Jun Green Building and BIPV, which are still in the exploratory phase and have not yet established mature profit models[117] - Labor shortages and rising labor costs are a concern, and the company plans to attract and train skilled workers while advancing intelligent manufacturing to improve efficiency[118] Employee and Training Information - Total number of employees: 6,767, including 664 from the parent company and 6,103 from major subsidiaries[147] - Employee composition: 3,855 production personnel, 378 sales personnel, 757 technical personnel, 181 financial personnel, 560 administrative personnel, and 1,036 others[147] - Education level of employees: 109 with master's or doctoral degrees, 1,373 with bachelor's degrees, and 5,285 with associate degrees or below[147] - Total training sessions conducted: 2,137, with 54,505 participants[149] - Total labor outsourcing hours: 3,789,539.13, with total payments of RMB 132,930,996.06[151] Audit and Financial Reporting - The company's audit report was issued by Dahua Certified Public Accountants (Special General Partnership) with an unqualified opinion[4] - The company has paid RMB 1 million in financial audit fees and RMB 600,000 in internal control audit fees to Da Hua Certified Public

2023 年第一季度报告 证券代码：600477 证券简称：杭萧钢构 杭萧钢构股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增 减变动幅度(%) | | | --- | --- | --- | --- | | 营业收入 | 1,974,880,691.79 | | -4.01 | | 归属于上市公司股东的净利润 | 63,740,158.02 | | 19.84 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | 58,843,714.91 | | 15 ...

Financial Performance - Annual revenue reached 9.94 billion RMB, a year-on-year increase of 3.73%[24] - Net profit attributable to shareholders of the listed company was 267.86 million RMB, a year-on-year decrease of 34.92%[24] - Total assets at the end of 2022 were 13.93 billion RMB, an increase of 18.52% compared to the previous year[24] - Basic earnings per share were 0.124 RMB, a year-on-year decrease of 35.08%[25] - Weighted average return on equity was 5.35%, a decrease of 4.59 percentage points compared to the previous year[25] - Operating cash flow was negative 835.23 million RMB, an improvement of 7.58% compared to the previous year[24] - Non-recurring gains and losses amounted to 77.67 million RMB, a significant decrease from 197.12 million RMB in the previous year[30] - Equity attributable to shareholders of the listed company was 5.07 billion RMB, an increase of 17.91% compared to the previous year[24] - The company achieved revenue of 9.935 billion yuan, a year-on-year increase of 3.73%, and net profit attributable to shareholders of 267 million yuan[65] - Total revenue increased by 4.71% to 9,776,796,491.80 yuan, with a gross margin increase of 1.33 percentage points to 14.47%[69] - Industrial sector revenue increased by 64.30% to 140,699,493.91 yuan, with a gross margin decrease of 1.5 percentage points to 8.27%[69] - Construction sector revenue grew by 7.10% to 8,909,252,194.98 yuan, with a gross margin increase of 1.27 percentage points to 15.59%[69] - Service sector revenue declined by 22.10% to 726,844,802.91 yuan, with a gross margin decrease of 1.01 percentage points to 1.91%[69] - Multi-story steel structure revenue decreased by 7.08% to 5,964,589,242.88 yuan, with a gross margin increase of 1.77 percentage points to 15.78%[69] - Light steel structure revenue surged by 55.05% to 2,944,662,952.10 yuan, with a gross margin decrease of 0.18 percentage points to 15.20%[69] - Steel structure production volume increased by 33.35% to 1.1634 million tons, with sales volume up by 31.75% to 1.1447 million tons[70] - Direct material costs for multi-story steel structure decreased by 5.35% to 2,381,695,894.24 yuan, accounting for 28.48% of total costs[71] - Direct labor costs for light steel structure surged by 532.38% to 177,268,023.51 yuan, accounting for 2.12% of total costs[71] - Direct material costs for building materials products increased by 452.51% to 66,587,446.91 yuan, accounting for 0.80% of total costs[72] - Top 5 customers accounted for 15.28% of total annual sales, totaling 1,518.10 million yuan[74] - Top 5 suppliers accounted for 12.42% of total annual procurement, totaling 923.34 million yuan[74] - R&D expenses increased by 27.22% year-on-year to 487.79 million yuan[74] - Total R&D investment accounted for 5.18% of total revenue, with 5.22% of R&D investment capitalized[76] - Tax refunds received increased by 2092.23% year-on-year to 178.89 million yuan, mainly due to technology licensing income tax refunds[78] - Cash and cash equivalents increased by 912.97% year-on-year to 140.82 million yuan, mainly due to the receipt of raised funds and project payments[79] - Currency funds increased by 40.05% year-on-year to 774.32 million yuan, mainly due to the receipt of raised funds and project payments[81] - Accounts receivable increased by 54.00% to 2,234,827,480.19 RMB due to unconfirmed bills and factoring financing at the end of the period[82] - Prepaid expenses decreased by 68.88% to 116,581,262.37 RMB due to reduced prepayments for materials[82] - Construction in progress increased by 125.14% to 575,036,439.41 RMB due to new factory construction and equipment purchases by subsidiaries[82] - Intangible assets increased by 40.66% to 570,180,121.86 RMB due to land purchases and non-controlling mergers[82] - Contract liabilities increased by 98.48% to 790,669,960.30 RMB due to increased prepayments for projects[82] - Overseas assets amounted to 34,989,800.86 RMB, accounting for 0.25% of total assets[83] - Accounts receivable financing decreased by 5,520,330.85, resulting in a closing balance of 16,417,669.15[96] - Other equity instruments decreased by 146,815,528.46, resulting in a closing balance of 694,159,695.18[96] - Total investments decreased by 146,815,528.46 and 5,520,330.85, resulting in a closing balance of 710,577,364.33[97] - The company's net profit attributable to ordinary shareholders in 2022 was RMB 267,859,467.85, with a cash dividend ratio of 30.83%[157] - The total cash dividend for 2022 was RMB 119,046,527.57, accounting for 44.44% of the net profit attributable to ordinary shareholders[157] - The company repurchased 9,997,714 shares for the employee持股计划, with a total expenditure of RMB 36,477,557.24 (excluding transaction fees)[158] Dividend and Share Repurchase - The company plans to distribute a cash dividend of RMB 0.35 per 10 shares, totaling RMB 82,568,970.33, based on a total of 2,359,113,438 shares after deducting repurchased shares[5] - The company implemented a cash dividend policy, distributing RMB 0.6 per 10 shares, totaling RMB 142,146,669.12 (tax included) for the year 2022[153] - The company proposed a share repurchase plan using centralized bidding[137] Subsidiaries and Investments - The company's subsidiary, Jiangxi Hangxiao, paid RMB 930,000 in personal income tax on behalf of a shareholder, which was repaid on January 18, 2023[7] - The company invested in new production bases in Henan Xin'an and acquired a controlling stake in Bozhou Hangxiao, while also participating in the mixed-ownership reform of Wuhu Urban Construction Company[36] - The company's subsidiaries, such as Shandong Hangsu, Anhui Hangsu, and Henan Hangsu, have significant assets and equity stakes, with Shandong Hangsu having assets of 72,858.33 million and equity of 20,136.31 million[99] - The company's subsidiary, Wanjun Green Building, has assets of 177,736.54 million and equity of 63,950.03 million[99] - The company's subsidiary, Hanlin Design, has assets of 3,770.78 million and equity of 1,041.26 million[99] - The company's subsidiary, Dinghong Technology, has assets of 7,481.28 million and equity of 6,504.60 million[99] - The company's subsidiary, Hebei Hangxiao, has assets of 159,078.21 million and equity of 33,939.01 million[99] - The company's subsidiary, Guangdong Hangsu, has assets of 114,859.17 million and equity of 31,373.72 million[99] - The company's subsidiary, Inner Mongolia Hangxiao, has assets of 33,024.15 million and equity of 11,665.47 million[99] - The company approved a proposal to increase capital in its subsidiary, Zhejiang Hete Optoelectronics Co., Ltd.[137] - The company acquired minority equity in its subsidiaries, Hainan Hangxiao and Lankao Hangxiao, and sold partial equity in its subsidiary, Xinyang Hangxiao[137] - The company established a new holding subsidiary and acquired equity in Anhui Minhe Hangxiao Steel Structure Co., Ltd.[137] - The company provided guarantees for its subsidiaries, including Hefei Hangxiao, Hete Optoelectronics, and Xinyang Hangxiao[137] Contracts and Orders - Newly signed contract orders for the year amounted to 16.42 billion RMB, with an additional 1.82 billion RMB in orders won but not yet signed[35] - The company signed steel structure contracts totaling approximately 12.041 billion yuan, a year-on-year increase of 12.44%[36] - The company completed 152 projects with a total value of 5,451,304,700 RMB, including 95 in housing construction and 21 in specialized engineering[87] - The company has 350 ongoing projects with a total value of 20,339,002,300 RMB, including 342 domestic projects and 8 overseas projects[89] - The company signed 358 new projects during the reporting period, totaling 16,423,549,500 RMB[90] - The company's total outstanding orders at the end of the reporting period amounted to 11,341,795,900 RMB, including 744,382,500 RMB for projects not yet started and 10,597,413,400 RMB for ongoing projects[91] Research and Development - The company's industrial internet project obtained 3 authorized invention patents and 4 computer software copyright registration certificates, and was listed as a key "industrial internet project" by the provincial, municipal, and district governments[38] - The company's subsidiary Dinghong Machinery successfully developed an automatic welding control system for steel structure small parts (stiffening plates) and implemented multiple automatic welding workstations[39] - The company has a strong R&D capability, with over 600 national patents and participation in the compilation of more than 90 national, industry, and local standards[58] - The company's R&D expenses increased by 27.22% year-on-year to 487.79 million yuan, mainly due to increased R&D investment[66] - The company has 1,126 R&D personnel, accounting for 17% of the total workforce[77] - The company is developing a digital transformation strategy, focusing on a steel structure big data operating system and a "future factory" collaborative manufacturing platform[63] - The company will continue to increase investment in technological R&D, leveraging national postdoctoral and provincial academician workstations to maintain a leading technological edge[112] Environmental and Social Responsibility - The company built distributed photovoltaic power stations with a total capacity of 13,312KW, including a 9,600KW project in Xiaoshan, the largest single photovoltaic building integration project in Zhejiang Province[41] - The company's environmental report shows compliance with emission standards, with no超标排放情况 reported[165] - The company has installed two sets of exhaust gas treatment facilities in the painting areas, with an efficiency of approximately 91.5%[166] - The total collection efficiency of exhaust gas in the painting areas is not less than 90%[166] - The company has obtained a new pollutant discharge permit in September 2022 for Shandong Hangxiao[167] - The company has established emergency response plans and conducts annual drills[168] - The company has installed online monitoring equipment and developed a self-monitoring plan[170] - The company has not received any administrative penalties for environmental issues during the reporting period[171] - The company is installing solar panels on the roof of its Xiaoshan factory, with the first phase currently in progress[174] - The company has donated a total of 1.3322 million yuan, including 1.2352 million yuan in cash and 97,000 yuan in material donations[176] Corporate Governance and Leadership - The company's Chairman, Dan Yinmu, holds 904,713,764 shares with an annual pre-tax remuneration of 3.39 million yuan[128] - The company's Vice Chairman and President, Lu Yongjun, holds 26,246,741 shares with an annual pre-tax remuneration of 980,000 yuan[128] - The company's CFO, Xu Qiong, holds 582,645 shares with an annual pre-tax remuneration of 785,800 yuan[128] - The company's President, Che Jihua, holds 14,904,900 shares with an annual pre-tax remuneration of 1.297 million yuan[128] - The company's Vice President and Board Secretary, Song Beibei, has an annual pre-tax remuneration of 545,600 yuan[128] - The company's independent directors, Luo Jinming, Wang Hongwen, and Zhou Yongliang, each have an annual pre-tax remuneration of 80,400 yuan[128] - The company's former director, Zhang Zhenyong, holds 22,037,700 shares with an annual pre-tax remuneration of 467,000 yuan[128] - The company's former supervisor, Ning Zenggen, has an annual pre-tax remuneration of 210,000 yuan[128] - The company's former supervisor, Song Tianye, has an annual pre-tax remuneration of 85,400 yuan[128] - The company's supervisor, Ying Ying, holds 3,588 shares with an annual pre-tax remuneration of 448,400 yuan[128] - Total compensation for executives in 2022 amounted to 970.197 million yuan[129] - The company's total compensation for executives in 2022 increased by 1.53718% compared to the previous year[129] - Liu Angui, Vice President, received the highest compensation among executives at 1,313,507 yuan[129] - Tan Bo, Vice President, had the highest attendance rate at 95.32%[129] - The company's executives have extensive experience in the steel structure industry, with several holding advanced degrees and professional certifications[129][131] - The company has a strong focus on research and development, with several executives holding positions related to engineering and design[131] - The company has expanded its operations across multiple regions in China, with executives managing subsidiaries in various provinces[131] - The company has a diverse leadership team with a mix of genders and ages, ranging from 38 to 57 years old[129] - The company has a robust governance structure with independent directors holding significant academic and professional qualifications[129] - The company has a history of promoting from within, with several executives having long tenures and progressing through various roles within the organization[131] - Total compensation for all directors, supervisors, and senior management in 2022 amounted to 15.37 million yuan[133] - The company appointed new senior management personnel and elected the chairman of the eighth board of directors[137] - The company revised its Articles of Association, Shareholders' Meeting Rules, and Board of Directors' Rules[137] - The company's audit committee held 5 meetings in 2022, focusing on financial reports, internal control evaluations, and acquisition-related transactions[141][142] - The nomination committee held 2 meetings in 2022, addressing board member elections and senior management appointments[143] - The compensation and evaluation committee held 1 meeting in 2022, reviewing the 2021 compensation details of directors, supervisors, and senior management[144] - The strategic committee held 1 meeting in 2022, reviewing the company's 2022 business plan[145] Employee and Training - Total number of employees in the parent company and major subsidiaries is 6,767, with 664 in the parent company and 6,103 in major subsidiaries[147] - The company conducted 2,137 training sessions in 2022, covering 54,505 participants, with a 100% training coverage rate[149] - The company's labor outsourcing totaled 3,789,539.13 hours, with a total payment of 132,930,996.06[151] - The company's employee structure includes 3,855 production staff, 378 sales staff, 757 technical staff, 181 financial staff, 560 administrative staff, and 1,036 others[147] - The company's education level distribution includes 109 with master's or doctoral degrees, 1,373 with bachelor's degrees, and 5,285 with associate degrees or below[147] - The company's training program included the 5th President Training Class, with 61 participants and 80 hours of training[149] Legal and Compliance - The company reported non-operational fund occupation by controlling shareholders and other related parties, with a total amount of 936,400 RMB, which was fully repaid by January 18, 2023[184] - The company's accounting policy changes were disclosed on the Shanghai Stock Exchange website, with detailed information available in the "Announcement on Accounting Policy Changes"[186] - The company paid 1 million RMB for annual financial audit services and 600,000 RMB for internal control audit services to Da Hua Certified Public Accountants (Special General Partnership)[188] - Da Hua Certified Public Accountants (Special General Partnership) has been providing audit services to the company for 20 consecutive years since its listing[188] - The company has ongoing major litigation and arbitration cases, including a construction contract dispute with Baotou Guorui Carbon Valley Co., Ltd., with the first-instance judgment effective and under execution[191] - The company is involved in a construction contract dispute with Inner Mongolia Kaide Real Estate Development Co., Ltd., with the second-instance judgment maintaining the original verdict and under execution[191] - The company has a construction contract dispute with Tianjin Gaosheng Real Estate Development Co., Ltd., with the first-instance judgment effective and under execution[191] - Hebei Hangxiao has a loan contract dispute with Inner Mongolia Kaide Real Estate Development Co., Ltd., with a mediation agreement issued by the Tangshan Intermediate People's Court and under phased compulsory execution[192] - The company has a construction contract dispute with Xinjiang Tian Sheng Industrial Co., Ltd., with the court approving the reorganization plan and terminating the reorganization process, with ordinary claims settled at 1.34% and secured claims at 100%[194] - The company has a construction contract dispute with Guizhou Xingdong National Health Industry Park Co., Ltd., with a mediation agreement reached and partial payment received, with the remaining amount under execution[194] - The company has a construction contract dispute with Yunnan Boxin Real Estate Development Co., Ltd., with a mediation agreement reached and partial payment received, with the remaining amount

证券代码：600477 证券简称：杭萧钢构 编号：2023-022 杭萧钢构股份有限公司 关于召开 2022 年度网上业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会主题 三、公司出席人员 出席本次说明会的人员有：公司总裁、财务总监、副总裁兼董事会秘书、独 立董事等。 四、投资者参加方式 1、投资者可于 2023 年 4 月 7 日（星期五）17:00 前，将您关注的问题 通过电子邮件的形式发送至公司投关邮箱：ir@hxss.com.cn，格式详见附件。公 司将在说明会上就投资者普遍关注的问题进行回答。 2、投资者可在 2023 年 4 月 11 日（星期二）下午 16:00-17:00 通过互联 网直接登陆网址：http://roadshow.sseinfo.com，在线直接参与本次业绩说明 会。 1 杭萧钢构股份有限公司（以下简称"公司"）《2022 年年度报告全文及摘 要》以及其他相关文件于 2023 年 4 月 1 日在《中国证券报》、《上海证券报》 及上海证券交易所网站（w ...

2022 年第三季度报告 单位：元 币种：人民币 证券代码：600477 证券简称：杭萧钢构 杭 萧 钢构股 份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|--------------------------------------|------------------|-------------------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 150 million, up 10% compared to the same period last year[17]. - The company's operating revenue for the first half of the year reached ¥4,594,890,150.14, representing a year-on-year increase of 5.81% compared to ¥4,342,685,219.23 in the same period last year[23]. - The net profit attributable to shareholders was ¥186,558,583.84, up 3.82% from ¥179,697,275.44 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 34.75%, amounting to ¥110,353,354.38 compared to ¥169,132,226.68 last year[23]. - The company reported a net cash flow from operating activities of -¥423,614,497.71, an improvement of 16.36% compared to -¥506,458,000.54 last year[23]. - The company's revenue for the first half of the year reached 4.595 billion RMB, representing a year-on-year growth of 5.81%[64]. - The net profit attributable to shareholders was 187 million RMB, with total assets amounting to 12.772 billion RMB and equity attributable to the parent company at 5.138 billion RMB[64]. - The company's basic earnings per share decreased by 3.61% to ¥0.080 from ¥0.083 in the same period last year[23]. - The weighted average return on equity decreased by 0.71 percentage points to 3.71% from 4.42% in the previous year[23]. Assets and Liabilities - The company’s total assets reached RMB 5 billion, with a debt-to-asset ratio of 45%[17]. - The company's total assets increased by 8.66% to ¥12,771,740,069.03 from ¥11,754,105,425.54 at the end of the previous year[23]. - The net assets attributable to shareholders rose by 19.42% to ¥5,137,544,760.72 from ¥4,302,068,503.13 at the end of last year[23]. - The company's cash and cash equivalents increased by 60.69% to ¥888,408,028.50, accounting for 6.96% of total assets[75]. - The company's total liabilities increased to ¥7,284,800,850.22 from ¥7,119,223,084.87, marking an increase of about 2.32%[184]. - The company's long-term liabilities due within one year increased by 192.97% to ¥104,900,757.41, mainly due to an increase in long-term borrowings[75]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[17]. - The management has provided a performance guidance of 10-15% revenue growth for the second half of 2022[17]. - The company aims to leverage its partnership with Hangxiao Steel Structure to expand into various building applications, enhancing brand recognition in the green building sector[62]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[191]. Research and Development - The company has allocated RMB 50 million for research and development in advanced construction technologies for 2022[17]. - The company’s R&D expenses increased by 47.07% to 229 million RMB, reflecting a commitment to innovation[71]. - The company has established a joint laboratory with Zhejiang University to advance industrial internet platform development, focusing on smart manufacturing solutions[54]. - The company has filed 41 patents, including 3 invention patents and 38 utility model patents, strengthening its technological advantages in the steel structure construction sector[48]. Environmental Compliance - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental bureau[110]. - The company’s waste gas treatment facilities achieved an efficiency of approximately 91.5% during the reporting period[106]. - The company’s total emissions of volatile organic compounds (VOCs) were reported at 0.60988 tons per year, well below the permitted limit[105]. - The company is actively enhancing its environmental protection measures, including regular monitoring of wastewater, waste gas, and noise[115]. - The company is installing solar photovoltaic panels on its factory rooftops to reduce carbon emissions, with the first phase of the project currently in progress[116]. Disputes and Legal Matters - The company is involved in a construction contract dispute with Baotou Guorui Carbon Valley Co., Ltd., with the first-instance judgment in effect and currently in execution[124]. - The company has a construction contract dispute with Inner Mongolia Kaide Real Estate Development Co., Ltd., where the second-instance judgment upheld the original ruling, and the remaining payment is under execution[124]. - The company is engaged in a construction contract dispute with Tianjin Gaosheng Real Estate Development Co., Ltd., with the first-instance judgment in effect and currently in execution[124]. - The company has a construction contract dispute with Xinjiang Ru Yi Fashion Textile Technology Co., Ltd., which has entered bankruptcy reorganization, with a total amount involved of 44.085 million RMB, and ordinary creditors will be repaid at a rate of 1.34%[126]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 64,544[166]. - The largest shareholder, Dan Yinmu, holds 904,713,764 shares, representing 38.19% of total shares, with 448,550,000 shares pledged[166]. - The second-largest shareholder, Chen Shihui, increased his holdings by 61,221,476 shares, totaling 61,221,476 shares, which is 2.58% of total shares[166]. - The report indicates that there are no preferred shareholders with restored voting rights as of the reporting period[166]. Financial Commitments and Guarantees - Total guarantee amount at the end of the reporting period (excluding guarantees to subsidiaries) is CNY 229,200,000[152]. - The amount of guarantees provided to shareholders, actual controllers, and their related parties is CNY 48,550,370[152]. - The company has not engaged in any violations related to guarantees during the reporting period[122].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,057,314,870.25, representing a year-on-year increase of 10.23%[6] - The net profit attributable to shareholders was ¥53,188,844.23, a decrease of 40.45% compared to the same period last year[6] - Basic earnings per share were ¥0.025, down 39.02% from the previous year[9] - Total operating revenue for Q1 2022 was CNY 2,057,314,870.25, an increase of 10.2% from CNY 1,866,402,389.76 in Q1 2021[31] - Net profit for Q1 2022 was CNY 52,666,579.50, a decrease of 45.1% compared to CNY 97,206,539.21 in Q1 2021[31] - The total comprehensive income for Q1 2022 was CNY 52,703,973.36, compared to CNY 96,103,948.28 in Q1 2021, a decline of 45.0%[33] Cash Flow - The net cash flow from operating activities was -¥393,257,351.57, reflecting a decline of 63.61% year-on-year[6] - Net cash inflow from operating activities was -393,257,351.57, compared to -240,361,980.90 in the previous period, indicating a decline in operational cash flow[37] - Cash received from other operating activities was 45,043,618.60, down from 57,929,662.70, suggesting a decrease in operational cash receipts[37] - Cash paid to employees increased to 257,221,756.06 from 206,217,890.07, reflecting higher labor costs[37] - Total cash inflow from financing activities reached 1,469,215,102.54, significantly higher than 751,673,264.05 in the prior period, reflecting increased financing efforts[38] - Total cash outflow from financing activities was 507,265,147.75, slightly up from 479,913,507.30, indicating stable financing outflows[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,215,006,316.49, an increase of 3.92% from the end of the previous year[9] - The company's total liabilities decreased to CNY 6,702,997,267.12 in Q1 2022 from CNY 7,119,223,084.87 in Q1 2021, a reduction of 5.9%[27] - Current liabilities decreased to RMB 6.18 billion from RMB 6.67 billion, reflecting a reduction of approximately 7.3%[25] - The company's short-term borrowings were reported at RMB 2.16 billion, down from RMB 2.22 billion, indicating a decrease of about 2.7%[25] Shareholder Information - The company's equity attributable to shareholders increased by 20.24% to ¥5,172,890,230.03 compared to the end of the previous year[9] - The total equity attributable to shareholders of the parent company increased to CNY 5,172,890,230.03 in Q1 2022 from CNY 4,302,068,503.13 in Q1 2021, reflecting a growth of 20.2%[27] - The number of ordinary shareholders at the end of the reporting period was 67,895, with the largest shareholder holding 38.19% of the shares[14] Research and Development - Research and development expenses increased by 51.10% due to higher investment in R&D[13] - Research and development expenses increased to CNY 105,934,451.72 in Q1 2022, compared to CNY 70,106,717.58 in Q1 2021, marking a rise of 50.9%[31] Investment Activities - The company reported a significant decrease in cash flow from investment activities, primarily due to no external investment expenditures during the period[13] - Cash outflow for investing activities was -204,256,337.53, compared to -58,488,167.52 previously, indicating increased investment expenditures[37] - Cash received from investment activities was 30,158.74, down from 64,015,199.86, showing a decline in cash recovery from investments[37] Government Subsidies - The company received government subsidies related to assets amounting to ¥2,928,336.27, which positively impacted financial performance[10] Current Assets - As of March 31, 2022, the company's total current assets amounted to approximately RMB 8.62 billion, an increase from RMB 8.28 billion as of December 31, 2021, reflecting a growth of about 4.1%[22] - The company's cash and cash equivalents reached RMB 887.56 million, up from RMB 552.88 million, indicating a significant increase of approximately 60.5%[22] - Accounts receivable stood at RMB 1.46 billion, slightly increasing from RMB 1.45 billion, showing a marginal growth of about 0.1%[22] - Inventory levels rose to RMB 919.51 million from RMB 864.72 million, representing an increase of approximately 6.3%[22]

Financial Performance - The company achieved an annual revenue of CNY 9.58 billion in 2021, representing a 17.68% increase compared to CNY 8.14 billion in 2020[27]. - Net profit attributable to shareholders was CNY 411.60 million, a decrease of 43.14% from CNY 723.93 million in the previous year[27]. - The company reported a net cash flow from operating activities of -CNY 903.78 million, a significant decline from -CNY 14.31 million in 2020[27]. - Basic earnings per share decreased to CNY 0.191, down 43.15% from CNY 0.336 in the previous year[29]. - Operating revenue for the period reached ¥9,577,854,809.29, an increase of 17.68% compared to ¥8,138,757,441.89 in the same period last year[81]. - Operating costs increased by 23.23% to ¥8,246,634,313.81, primarily due to increased production and rising steel prices[81]. - R&D expenses rose by 21.58% to ¥383,407,312.46, reflecting increased investment in research and development[81]. - The gross margin for the industrial sector improved by 6.68 percentage points to 9.77%, while the construction sector saw a slight decrease of 0.45 percentage points to 14.32%[82]. - The company reported a significant reduction in financial expenses, which increased by 63.84% to ¥91,737,490.17 due to higher loan interest payments[93]. - The company experienced a 67.90% decrease in income tax expenses, totaling ¥49,150,669.88, due to a reduction in total profit for the period[93]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares, totaling 142,146,669.12 RMB (including tax) based on a total share capital of 2,369,111,152 shares[7]. - The company has a cash dividend policy that was approved at the 2020 annual general meeting, distributing a total of 226,142,428.16 CNY (including tax) to shareholders based on a ratio of 1.05 CNY per 10 shares[187]. - The total number of shares held by the board members at the beginning of the year was 975,192,855, with a net decrease of 1,583,316 shares, resulting in an ending total of 973,609,539 shares[161]. - The total pre-tax remuneration for the reporting period for all board members amounted to 1,510.33 million CNY[161]. Corporate Governance - The company reported a standard unqualified audit opinion from Da Hua Certified Public Accountants[6]. - The company emphasizes independent operations from its controlling shareholder, maintaining separation in personnel, assets, finance, and business[149]. - The company has established a comprehensive investor relations management system, including various communication channels to engage with investors and ensure timely and accurate information disclosure[149]. - The company has committed to enhancing its governance structure in accordance with the Company Law and Securities Law, aiming to protect the interests of all shareholders[151]. - The company conducted 39 training sessions in 2021, achieving a total training participation of 13,232 person-times, with a coverage rate of 100%[182]. - The company has completed a self-examination of corporate governance and found no major issues during the process[195]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[195]. Risk Management - The company has detailed potential risks in its annual report, particularly in the section discussing future developments[9]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[8]. - The company will continue to strengthen internal management and sign open contracts to mitigate risks associated with fluctuations in raw material prices, particularly steel[144]. - The company recognizes the risks associated with labor shortages and rising labor costs, which could impact production and profitability[146]. Strategic Development - The company plans to focus on digital innovation and intelligent manufacturing upgrades as part of its five-year development strategy[39]. - The company aims to enhance its core steel structure business by securing significant projects across various regions[41]. - The company aims to enhance its supply chain efficiency and cost reduction through intelligent manufacturing upgrades and collaborative management systems[45]. - The company is focusing on intelligent welding technology as a breakthrough to lead the transformation and upgrading of steel structure intelligent manufacturing[135]. - The company is committed to expanding its innovative business ventures, including the development of intelligent welding technology and green building solutions, despite the uncertainties in these new markets[145]. Market Position and Expansion - The cumulative contract amount for steel structure projects reached approximately 10.709 billion yuan, representing a year-on-year growth of 6.66%[43]. - The area of steel structure projects initiated by cooperative companies reached 12.8999 million square meters, a year-on-year increase of 50.2%[44]. - The company aims to establish a "partner" mechanism to leverage local market advantages and enhance project order quality and efficiency[131]. - The company plans to expand its manufacturing capacity through a "buy and build" strategy, enhancing production efficiency and product quality via smart manufacturing upgrades[132]. - The company aims to collaborate with state-owned enterprises and local governments to promote large-scale BIPV projects and differentiate itself in the market[138]. Environmental Responsibility - The company has established 9 sets of closed spray booths and 1 fully enclosed mobile spray booth for pollution control[198]. - The total emissions of VOCs from the company are 11.96 tons per year, well below the approved total of 46.3672 tons per year[197]. - The company adheres to multiple environmental protection laws and regulations, ensuring stable operation of all environmental treatment equipment[200]. - The company has implemented a catalytic combustion process for the treatment of spray paint waste gas, which is operating normally[198]. Research and Development - The company has developed a complete set of third-generation steel structure residential construction technology, first applied in 2013 in a large-scale affordable housing project[57]. - The company has established joint laboratories with several universities to accelerate the commercialization of high-efficiency heterojunction and perovskite stacked battery technologies[138]. - The company is focusing on the development of BIPV (Building-Integrated Photovoltaics) as a new growth driver, aiming to create a comprehensive system solution for photovoltaic buildings[138]. - The company has a diverse workforce, with 3,255 production staff, 466 sales personnel, and 703 technical staff among the total employees[180].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,398,359,079.48, representing a year-on-year increase of 4.17%[7] - The net profit attributable to shareholders for Q3 2021 was CNY 180,148,485.16, reflecting a year-on-year increase of 6.40%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,518,923.50, showing a significant decrease of 94.52% year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥6,741,044,298.71, an increase of 32.4% compared to ¥5,091,663,689.85 in the same period of 2020[29] - Total operating revenue for the period reached 6,503,978,428.08 CNY, an increase from 4,704,955,919.77 CNY in the previous period, reflecting a growth of approximately 38.2%[30] - Net profit for the period was 423,899,206.82 CNY, down from 670,378,234.34 CNY, indicating a decline of about 36.7%[34] - The company reported a total comprehensive income of 420,898,868.67 CNY, compared to 663,502,525.40 CNY in the previous period, a decrease of about 36.6%[36] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 10,789,518,181.79, an increase of 20.36% compared to the end of the previous year[10] - As of September 30, 2021, total assets amounted to ¥10,789,518,181.79, up from ¥8,964,703,841.12 at the end of 2020, reflecting a growth of 20.4%[27] - Total liabilities reached ¥6,305,730,006.90, up from ¥4,722,208,911.37, which is an increase of 33.5%[27] - The company's total liabilities amounted to 4,595,906,693.98 CNY, indicating a stable liability structure[43] - Total liabilities amounted to approximately $4.72 billion, with total equity reaching about $4.24 billion, resulting in total assets of approximately $8.96 billion[45] Equity and Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was CNY 4,186,899,615.59, an increase of 3.26% compared to the previous year[10] - The company's equity attributable to shareholders was ¥4,186,899,615.59, compared to ¥4,054,802,484.59, showing a growth of 3.3%[27] - The company's retained earnings stood at approximately $1.38 billion, contributing significantly to the total equity[45] - The minority interest in equity was approximately $187.69 million, showcasing the presence of minority shareholders[45] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY -430,659,738.54, indicating a decline of 393.98%[10] - Cash inflow from operating activities totaled 6,504,597,943.40 CNY, up from 5,190,140,654.68 CNY, marking an increase of about 25.4%[38] - The net cash flow from operating activities was -430,659,738.54 CNY, a significant decline compared to 146,491,475.65 CNY in the previous period, indicating a negative performance in operational cash generation[39] - Total cash outflow from investing activities amounted to 411,818,763.27 CNY, up from 279,712,728.21 CNY, reflecting increased investment expenditures[39] - The cash inflow from investment activities decreased to 354,327,620.61 CNY from 620,978,471.86 CNY, reflecting reduced investment returns[39] Costs and Expenses - The total operating costs amounted to 6,503,978,428.08 CNY, compared to 4,704,955,919.77 CNY, indicating an increase of approximately 38.2%[30] - Research and development expenses increased to 253,165,390.40 CNY from 207,746,548.82 CNY, representing a rise of approximately 21.8%[30] - The company reported a decrease in tax expenses to 67,923,154.39 CNY from 141,066,521.58 CNY, a reduction of about 52.0%[34] - The cash outflow for employee compensation was 557,760,036.33 CNY, an increase from 475,166,143.51 CNY, indicating rising labor costs[39] Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission for a non-public issuance of A-shares on March 23, 2021[18] - The company adopted new leasing standards effective January 1, 2021, impacting the financial statements and retained earnings[47]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[16]. - Net profit attributable to shareholders reached RMB 150 million, up 20% compared to the same period last year[16]. - The company's operating revenue for the first half of the year reached ¥4,342,685,219.23, representing a 55.69% increase compared to ¥2,789,402,628.88 in the same period last year[23]. - The net profit attributable to shareholders decreased by 62.38% to ¥179,697,275.44 from ¥477,726,680.14 year-on-year[23]. - The net cash flow from operating activities was negative at -¥506,458,000.54, a decline of 455.18% compared to ¥142,593,574.29 in the previous year[23]. - The basic earnings per share decreased by 62.61% to ¥0.083 from ¥0.222 in the same period last year[23]. - The weighted average return on net assets dropped by 8.31 percentage points to 4.42% from 12.73% year-on-year[23]. - The company reported a total comprehensive income of ¥190,534,696.39 for the first half of 2021, compared to ¥475,367,547.70 in the same period of 2020, a decrease of 60%[162]. - The company reported a net profit of 262,352,939.04 CNY for the current period, showing a positive trend in profitability[187]. Market Expansion and Strategy - The company has expanded its user base by 10%, now serving over 500,000 customers[16]. - Future outlook indicates a projected revenue growth of 10-15% for the second half of 2021, driven by increased demand in the construction sector[16]. - Market expansion plans include entering two new provinces by the end of 2021, aiming to increase market share by 5%[16]. - The company aims to enhance its market presence and operational efficiency by focusing on green construction and the development of prefabricated buildings in response to national policies[29]. - The company aims to enhance its market share and consolidate its position by leveraging industrial intelligence and information management platforms[37]. - The company is actively expanding its overseas market presence, with projects like the Iran Southern Electrolytic Aluminum Plant being recognized as a "Silk Road Pearl Project" in Zhejiang Province[41]. - The company plans to continue focusing on market expansion and new product development to drive future growth[156]. Research and Development - The company is investing RMB 200 million in new product development, focusing on sustainable building materials[16]. - Research and development expenses increased by 38.86% to approximately CNY 156 million, reflecting a commitment to innovation[55]. - The company has accumulated 137 national authorized patents related to the concrete-filled steel tube structure residential system, with 24 new patents obtained during the reporting period[47]. - The company has established the Hangxiao Industrialized Green Building Research Institute, enhancing its R&D capabilities and collaboration with prestigious universities[46]. - The company is focusing on building a new manufacturing system in the steel structure industry through its Industrial Internet Research Institute, utilizing data-driven production management[73]. Operational Efficiency - A new technology initiative is underway to improve operational efficiency, targeting a 10% reduction in production costs[16]. - The collaborative manufacturing management system has been implemented in several subsidiaries, enhancing production efficiency[54]. - The company aims to build a "future factory" ecosystem integrating marketing, design, manufacturing, and logistics through digital transformation[54]. Environmental Compliance - The company reported a total pollutant discharge of 15.9 tons per annum, well below the approved limit of 46.3672 tons per annum, indicating compliance with environmental standards[85]. - The company has implemented advanced pollution control facilities, including a catalytic combustion system for paint waste gas treatment, ensuring normal operation and compliance with environmental regulations[86]. - The company has established an environmental impact assessment for construction projects and obtained the necessary environmental permits[87]. - The company has developed an emergency response plan for environmental incidents, which has been approved by experts and filed with the relevant authorities[88]. - The company emphasizes environmental protection and has a dedicated department responsible for managing and supervising daily environmental work[90]. Legal and Financial Risks - Risk factors include potential fluctuations in raw material prices, which could impact profit margins[16]. - The company is involved in several ongoing legal disputes related to construction contracts, with judgments already in effect[105]. - The company is enhancing its contract risk management and project operation capabilities to adapt to the complex international environment and ensure stable development[72]. Shareholder and Equity Information - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[81]. - The total owner's equity at the end of the reporting period is 4,268,983,964.99 CNY, reflecting an increase from the previous year's balance of 3,670,392,692.10 CNY[185]. - The company distributed CNY 226,142,428.16 to shareholders during the reporting period[183]. - The total capital stock remains unchanged at 2,153,737,411.00 throughout the reporting period[193]. - The company has maintained a consistent capital structure with no new equity issued during the period[193].