长江精工钢结构（集团）股份有限公司 ● 投资者可于 2023 年 04 月 12 日(星期三) 至 04 月 18 日(星期二)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600496@jgsteel.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 长江精工钢结构（集团）股份有限公司（以下简称"公司"）将于 2023 年 4 月 18 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 19 日下午 13:00-14:00 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交流。 | 股票简称：精工钢构 | 股票代码：600496 | 编号：临 | 2023-016 | | --- | --- | --- | --- | | 转债简称：精工转债 | 转债代码：110086 | | | 长江精工钢结构（集团）股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,776,456,019.92, a decrease of 4.61% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was CNY 272,675,549.94, an increase of 18.71% year-on-year[7]. - The basic earnings per share for Q3 2022 was CNY 0.1355, reflecting an increase of 18.76% compared to the same period last year[9]. - Total revenue for the first three quarters of 2022 reached CNY 11,058,641,533.82, an increase of 6.4% compared to CNY 10,394,955,067.50 in the same period of 2021[27]. - Total revenue for the third quarter reached 685,212,415.89, an increase from 597,994,043.37 in the previous year, representing a growth of approximately 14.6%[34]. - Net profit for the quarter was 664,185,066.84, compared to 557,798,634.41 in the same period last year, reflecting a year-over-year increase of about 19.0%[34]. - The company reported a decrease in income tax expenses to 21,027,349.05 from 40,195,408.96, a reduction of about 47.7%[34]. - The company’s total operating costs increased to 10,409,995,324.67 from 9,831,175,876.38, reflecting a rise of approximately 5.9%[34]. - Total comprehensive income for the quarter was 430,812,876.78, down from 659,894,803.96, indicating a decrease of approximately 34.6%[36]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,371,633,297.53, representing a growth of 16.42% from the end of the previous year[9]. - As of September 30, 2022, total assets amounted to CNY 21,371,633,297.53, up from CNY 18,356,609,300.85 at the end of 2021, reflecting a growth of 11%[25]. - Current assets totaled CNY 17,212,600,647.48, an increase of 23.4% from CNY 13,993,474,270.75 year-over-year[22]. - Total liabilities reached CNY 13,319,069,179.23, an increase of 23.3% compared to CNY 10,800,597,771.31 in the previous year[27]. - The company's equity attributable to shareholders rose to CNY 8,031,895,650.13 from CNY 7,519,238,004.76, reflecting an increase of 6.8%[27]. - Long-term borrowings increased significantly to CNY 381,120,000.00 from CNY 162,285,369.86, indicating a growth of 134.8%[27]. - Contract assets grew to CNY 7,637,028,687.40, up from CNY 6,190,941,030.52, marking an increase of 23.4%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -570,693,221.63, indicating a significant cash outflow[9]. - Cash inflow from operating activities totaled 11,758,760,595.60, compared to 10,769,627,559.54 in the previous year, representing an increase of about 9.2%[36]. - Net cash flow from operating activities was -$570.69 million, an improvement from -$594.86 million year-over-year[39]. - Total cash inflow from investing activities was $15.12 million, a significant decrease from $489.27 million in the previous year[39]. - Cash outflow from investing activities totaled $481.75 million, down from $755.33 million year-over-year[39]. - Net cash flow from financing activities was $1.53 billion, a turnaround from -$324.08 million in the previous year[39]. - Cash flow from financing activities included $1.99 billion from bond issuance[39]. - Cash outflow for debt repayment was $2.08 billion, an increase from $1.62 billion year-over-year[39]. - The company reported a total cash outflow from operating activities of $12.33 billion, compared to $11.36 billion in the previous year[39]. - The impact of exchange rate changes on cash and cash equivalents was $1.51 million, contrasting with -$2.58 million in the previous year[39]. - The company paid $227.60 million in various taxes, slightly up from $227.59 million year-over-year[39]. Strategic Initiatives - The company has been focusing on distributed photovoltaic (PV) projects, with over 50% of its industrial building clients showing increased interest in this area[18]. - The company has established a specialized BIPV subsidiary and formed strategic partnerships with PV component manufacturers to enhance market development efforts[18]. - The company is leveraging its unique capabilities in both construction and photovoltaic technology to capture market opportunities in distributed PV projects[18]. Research and Development - Research and development expenses increased to 439,513,808.71, up from 376,684,921.93, indicating a rise of approximately 16.7%[34].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥7,282,185,513.90, representing a 13.15% increase compared to ¥6,435,826,791.35 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥381,329,591.43, up 15.48% from ¥330,212,638.26 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥362,368,712.60, reflecting a 17.65% increase from ¥307,999,511.65 in the same period last year[22]. - The company's total assets reached ¥21,228,195,681.79, a 15.64% increase from ¥18,356,609,300.85 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥7,833,000,999.54, which is a 4.17% increase from ¥7,519,238,004.76 at the end of the previous year[22]. - The basic earnings per share for the first half of 2022 was ¥0.1894, an increase of 15.42% compared to ¥0.1641 in the same period last year[22]. - The weighted average return on net assets was 4.93%, an increase of 0.31 percentage points from 4.62% in the previous year[22]. - The company's operating costs rose to approximately ¥6.26 billion, reflecting a 13.35% increase from ¥5.52 billion year-on-year[50]. Cash Flow and Financing - The net cash flow from operating activities was -¥394,185,526.13, an improvement of 19.39% compared to -¥488,988,064.09 in the same period last year[22]. - The company completed the public issuance of convertible bonds, raising a total of 2 billion yuan, which was listed on the Shanghai Stock Exchange on May 23, 2022[40]. - The company's financing activities generated a net cash flow of approximately ¥1.50 billion, a significant increase of 898.38% compared to -¥188.21 million in the previous year[50]. - Cash inflow from financing activities totaled CNY 3,348,957,909.25, significantly higher than CNY 1,139,810,000.00 in the previous year[148]. - The company reported a net increase in cash and cash equivalents of CNY 937,960,430.68, reversing a decrease of CNY -919,252,864.29 in the same period last year[148]. Contracts and Sales - The company signed a total of 208 contracts during the reporting period, with a contract value of 8.323 billion yuan, representing a 7% increase year-on-year[40]. - The company achieved a steel structure sales volume of 510,000 tons, an 11% increase compared to the same period last year[40]. - The company’s industrial building segment saw a significant increase in new contracts, with industrial enterprise projects amounting to 4.792 billion yuan, a 54% increase year-on-year[40]. - Approximately 86% of the company's orders in the industrial building segment came from emerging industries such as 5G, new energy vehicles, and industrial internet[42]. Research and Development - The company’s R&D expenses increased to approximately ¥285.39 million, a rise of 7.58% compared to ¥265.28 million in the previous year[50]. - The company established a subsidiary focused on distributed photovoltaic EPC business, enhancing its BIPV operations[44]. - The company has developed partnerships with several leading photovoltaic companies for product R&D and supply chain collaboration[44]. Environmental and Social Responsibility - The company strictly adhered to environmental protection laws and regulations, with no significant environmental issues reported during the period[76]. - The company established an EHS management office and implemented ISO14001 and OHSAS18001 management systems to enhance environmental and occupational health safety management[76]. Shareholder Information - The company has a total of 114,315 common shareholders as of the end of the reporting period[98]. - The largest shareholder, Jinggong Holdings Group (Zhejiang) Investment Co., Ltd., holds 300,000,000 shares, representing 14.90% of the total shares[98]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[97]. Investment and Capital Management - The company plans to invest CNY 754.9 million in the construction of the Changjiang Precision Intelligent Manufacturing Industrial Park in Lu'an, Anhui Province, which will add a steel structure production capacity of 200,000 tons upon completion[58]. - The company is also investing CNY 450 million in the construction of a prefabricated steel structure building lifecycle project management service integration demonstration base in Shaoxing, Zhejiang Province, expected to add 400,000 square meters of prefabricated building capacity[60]. - The company plans to continue expanding its capital base and enhancing shareholder value through strategic investments and capital management[166].

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,712,366,239.96, representing a year-on-year increase of 34.58%[6] - The net profit attributable to shareholders of the listed company was ¥179,018,503.75, up 35.55% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥166,836,577.40, reflecting a 42.28% increase year-on-year[6] - Basic earnings per share for the period were ¥0.0889, an increase of 35.52% year-on-year[9] - Diluted earnings per share for the period were also ¥0.0889, reflecting a 35.52% increase compared to the same period last year[9] - Total operating revenue for Q1 2022 reached approximately ¥3.71 billion, a 34.6% increase from ¥2.76 billion in Q1 2021[32] - Net profit for Q1 2022 was approximately ¥179.73 million, representing a 36.5% increase compared to ¥131.70 million in Q1 2021[34] Cash Flow and Liquidity - The net cash flow from operating activities was -¥283,515,361.29, a decrease of 48.81% compared to the previous year[6] - Cash inflow from operating activities in Q1 2022 totaled approximately ¥4.56 billion, an increase from ¥3.66 billion in Q1 2021[36] - The net cash flow from operating activities was -$283.52 million, an improvement from -$553.80 million in the previous period[40] - Total cash outflow from investing activities was $42.35 million, compared to $323.40 million in the prior period, indicating a significant reduction in investment spending[40] - Cash inflow from financing activities amounted to $1.09 billion, up from $771.38 million, reflecting increased borrowing[40] - The ending balance of cash and cash equivalents was $693.38 million, down from $982.92 million at the beginning of the period[41] - The company reported a total cash outflow of $289.54 million, an improvement from $883.32 million in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,300,233,831.40, a slight decrease of 0.31% from the end of the previous year[9] - The equity attributable to shareholders of the listed company was ¥7,607,329,800.63, an increase of 1.17% compared to the end of the previous year[9] - Total liabilities as of March 31, 2022, were RMB 10,655,390,860.40, down from RMB 10,800,597,771.31, reflecting a decrease of approximately 1.3%[28] - The company's total equity increased to RMB 7,644,842,971.00 from RMB 7,556,011,529.54, indicating a growth of about 1.2%[28] - The company's total assets as of March 31, 2022, were RMB 18,300,233,831.40, a slight decrease from RMB 18,356,609,300.85, indicating a decline of about 0.3%[28] Expenses and Investments - Total operating costs for Q1 2022 were approximately ¥3.54 billion, up 34.2% from ¥2.64 billion in Q1 2021[32] - Research and development expenses for Q1 2022 amounted to approximately ¥145.44 million, up from ¥128.44 million in Q1 2021[32] - The company recorded investment income of approximately ¥5.10 million in Q1 2022, down from ¥11.53 million in Q1 2021[32] - The cash outflow for the acquisition of fixed assets and intangible assets was $20.85 million, a decrease from $42.16 million previously[40] Other Comprehensive Income - Other comprehensive income after tax for Q1 2022 was approximately -¥90.90 million, compared to ¥2.34 million in Q1 2021[34] - The total comprehensive income for Q1 2022 was approximately ¥88.83 million, a decrease from ¥134.04 million in Q1 2021[34] Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥12,181,926.35 after tax[12]

Financial Performance - The company's operating revenue for 2021 was CNY 15,141,359,771.88, representing a 31.85% increase compared to CNY 11,484,018,588.47 in 2020[18]. - The net profit attributable to shareholders of the listed company was CNY 686,807,088.65, a 6.19% increase from CNY 646,762,777.21 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 634,212,959.61, up 7.42% from CNY 590,406,875.82 in 2020[18]. - The company reported a negative cash flow from operating activities of CNY -242,599,848, a significant decrease compared to CNY 424,151,095 in 2020[18]. - The weighted average return on equity decreased by 1.38 percentage points to 9.56%[28]. - The company reported a net cash flow from operating activities of 352.26 million yuan in the fourth quarter[24]. - The company achieved a revenue of 15.14 billion RMB, representing a year-on-year growth of 31.85%[79]. - The net profit attributable to shareholders was 687 million RMB, an increase of 6.19% compared to the previous year[79]. - The net cash flow from operating activities was -243 million RMB, indicating a significant decline from the previous year's positive cash flow[80]. Dividend and Capital Management - The company plans to distribute a cash dividend of CNY 0.36 per 10 shares, totaling CNY 72,463,476.56, which accounts for 10.55% of the net profit attributable to shareholders[4]. - The company does not plan to increase capital reserves to share capital this year[4]. - The company has established a cash dividend policy, ensuring a minimum distribution of 30% of the average distributable profit over the last three years when conditions allow[191]. - The cash dividend policy is aligned with the company's articles of association and shareholder meeting resolutions, with clear standards and procedures in place[192]. - The company has committed to distributing profits in cash, provided it has positive retained earnings and sufficient cash flow for normal operations and long-term development[191]. Contracts and Business Development - The company signed a total of 441 new contracts with a cumulative contract value of 16.949 billion yuan, representing a year-on-year increase of 13.29%[30]. - New contracts in public building projects, primarily from government clients, amounted to 6.439 billion yuan, a year-on-year increase of 33.57%[34]. - Industrial building contracts signed totaled 7.249 billion yuan, with approximately 80% of orders coming from emerging industries such as 5G and new energy vehicles[34]. - The company signed 43 new EPC contracts, generating revenue of 4.168 billion yuan, accounting for 27.89% of main business income[35]. - The total amount of new contracts signed during the reporting period was 169.49 billion RMB, indicating strong demand in the market[117]. - As of the end of the reporting period, the total amount of orders on hand was 193.04 billion RMB, with 37.13 billion RMB in signed contracts yet to commence[118]. Innovation and Technology - The company established a new technical research and development expert committee, including 5 external experts and 12 internal experts, to enhance innovation capabilities[40]. - The company’s digital transformation year saw the successful signing of 10 projects, covering 5 provinces, marking a breakthrough in software sales[41]. - The company is collaborating with Beijing Guli Technology to develop a domestic BIM platform, enhancing its technological capabilities in the construction industry[75]. - The JID integrated software for industrial building design has improved design cycles by 50% and accuracy by over 40%, marking a significant advancement in the company's digital transformation[74]. - The company has received 35 patents and 2 provincial-level construction methods, reflecting its commitment to continuous innovation[65]. Market and Industry Trends - The construction industry is facing a labor supply shortage, with a decrease of 1.56% in the workforce from the previous year, totaling 52.83 million workers[59]. - The government aims for the steel structure usage to reach approximately 140 million tons by the end of 2025, accounting for over 15% of national crude steel output[60]. - Steel structure buildings are projected to constitute 15% of new building area by 2025, with policies encouraging their adoption in public buildings[60]. - The company anticipates that smaller steel structure enterprises lacking innovation will be gradually eliminated from the market, leading to industry consolidation[133]. Risk Management and Governance - The company has detailed potential risks in its management discussion and analysis section[4]. - The company has established a mechanism to track steel price fluctuations and adjust procurement strategies accordingly[143]. - The company actively engages in risk assessment and management to enhance accounts receivable management[138]. - The company has a governance structure in place that complies with relevant laws and regulations, ensuring effective decision-making and supervision[146]. - The company has maintained a comprehensive risk management system, focusing on financial data analysis and enhancing financial warning capabilities[197]. Employee and Management Structure - The total number of shares held by the chairman and CEO, Fang Chaoyang, remained unchanged at 5,028,124 shares, with a pre-tax remuneration of 1.4415 million yuan[157]. - The total pre-tax remuneration for the executive chairman, Sun Guanfeng, was 1.3503 million yuan, with no change in his shareholding of 396,000 shares[157]. - The company reported a total of 7,115 employees, with 1,032 in the parent company and 6,083 in major subsidiaries[186]. - The company has established a dual career development path for employees, allowing for independent progression in management and professional roles[187]. - The company has implemented a comprehensive training system to strengthen talent development across its business lines[188]. Strategic Investments - The company plans to invest 7.549 billion in the Jiangxi intelligent manufacturing industrial park project, which will add 200,000 tons of steel structure capacity upon completion[126]. - The company has invested 1 billion in the construction of a new manufacturing base for Jiangsu Jinggong Steel Structure Co., Ltd., with a total planned investment of 2 billion[122]. - The company plans to issue 2 billion RMB in convertible bonds to support projects including the Liu'an Technician College and the Yangtze Precision Manufacturing Industrial Park, as well as to supplement working capital[180]. - The company is focusing on the development of prefabricated buildings and promoting the use of steel structures in schools and hospitals[131]. Awards and Recognition - The company received 4 National Quality Engineering Awards, 5 Luban Awards, and 25 China Steel Structure Gold Awards during the reporting period, showcasing its industry leadership[37]. - The company has won multiple industry awards, including 2 Luban Awards and 5 National Quality Engineering Gold Awards, showcasing its strong technical capabilities[65].

Financial Performance - The company's operating revenue for Q3 2021 reached RMB 3,959.12 million, representing a 29.93% increase compared to the same period last year[6] - Net profit attributable to shareholders was RMB 229.70 million, a 5.37% increase year-over-year[8] - The net profit after deducting non-recurring gains and losses was RMB 213.83 million, reflecting a 0.47% increase from the previous year[8] - Total operating revenue for the first three quarters of 2021 reached RMB 10,394,955,067.50, a significant increase from RMB 7,760,264,965.19 in the same period of 2020, representing a growth of approximately 33.3%[30] - Total operating revenue increased to ¥9,831,175,876.38 from ¥7,224,312,494.25, representing a growth of approximately 36.4% year-over-year[33] - Net profit rose to ¥557,798,634.41 compared to ¥485,083,736.99 in the previous year, marking an increase of about 14.9%[37] - The company reported a total comprehensive income of ¥659,894,803.96, up from ¥484,005,083.54, indicating a growth of around 36.4%[39] - The total profit amounted to ¥597,994,043.37, up from ¥528,572,204.81, reflecting an increase of about 13.1%[37] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 17,351.31 million, showing a 9% increase compared to the end of the previous year[8] - As of September 30, 2021, total assets amounted to RMB 17,351,308,852.52, compared to RMB 15,843,935,032.64 at the end of 2020, indicating an increase of about 9.5%[30] - Current assets totaled RMB 13,196,090,025.28 as of September 30, 2021, up from RMB 12,407,014,582.89 at the end of 2020, reflecting a growth of approximately 6.4%[25] - Total liabilities reached RMB 9,981,093,336.47, compared to RMB 8,966,793,578.20 at the end of 2020, indicating an increase of approximately 11.3%[30] - The company's equity attributable to shareholders rose to RMB 7,356,517,051.43 from RMB 6,861,093,009.28, reflecting an increase of about 7.2%[30] Cash Flow - The net cash flow from operating activities was negative at RMB -594.86 million, a significant decrease of 424.57% compared to the same period last year[8] - Cash inflow from operating activities reached ¥10,769,627,559.54, compared to ¥7,961,387,576.12, showing a growth of approximately 35.5%[39] - The net cash flow from investing activities was -$266.07 million, worsening from -$74.42 million year-over-year[43] - Cash inflow from financing activities was $1.49 billion, down from $2.55 billion in the previous period[43] - The total cash and cash equivalents at the end of the period were $401.60 million, a decrease from $1.46 billion at the end of the previous period[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 127,745[17] - The largest shareholder, Jinggong Holdings Group (Zhejiang) Investment Co., held 300 million shares, accounting for 14.90% of the total shares[17] Mergers and Investments - The company completed a merger with Zhejiang Jinggong International Steel Structure Engineering Co., which required retrospective adjustments to financial statements[11] - The company is in the process of issuing convertible bonds, with the China Securities Regulatory Commission having accepted the application on September 1, 2021[21] - Long-term investments in equity amounted to RMB 884,499,500.84, up from RMB 857,263,216.43, representing a growth of approximately 3.2%[25] Expenses - Research and development expenses increased significantly to ¥376,684,921.93 from ¥283,988,683.04, reflecting a growth of approximately 32.6%[33] - The company’s management expenses rose to ¥310,835,820.78 from ¥262,907,438.54, indicating an increase of about 18.2%[33] - The tax expenses decreased slightly to ¥40,195,408.96 from ¥43,488,467.82, a reduction of approximately 7.4%[37] Other Financial Metrics - The weighted average return on net assets decreased by 0.5 percentage points to 3.11%[8] - The company reported a basic earnings per share of RMB 0.1141, up 3.07% from the previous year[8] - Basic earnings per share improved to ¥0.2782 from ¥0.2596, an increase of about 7.0%[39] - The company's cash and cash equivalents decreased to RMB 2,074,053,827.41 from RMB 3,135,514,679.82, a decline of about 33.8%[25] - Accounts receivable stood at RMB 2,055,999,236.04, slightly down from RMB 2,057,454,427.39 in 2020, showing a decrease of approximately 0.1%[25] - Inventory increased to RMB 1,490,501,956.10 from RMB 1,087,858,199.86, marking a rise of about 37.0%[25] - The company paid $1.62 billion in debt repayments, slightly increasing from $1.58 billion last year[43] - The company reported a total of $227.59 million in taxes paid, up from $177.59 million in the previous period[43] - Cash inflow from investment activities was $489.27 million, a significant increase from $28.77 million last year[43] - The company experienced a negative impact of -$2.58 million from foreign exchange fluctuations on cash and cash equivalents[43]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥6,435,826,791.35, representing a 36.55% increase compared to ¥4,713,069,658.64 in the same period last year[23]. - Net profit attributable to shareholders of the listed company was ¥330,212,638.26, up 22.51% from ¥269,529,150.64 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥307,999,511.65, reflecting a 33.06% increase from ¥231,479,431.99 in the same period last year[23]. - Basic earnings per share for the first half of 2021 were ¥0.1641, a 10.21% increase compared to ¥0.1489 in the same period last year[26]. - The company achieved a total business revenue of CNY 6.44 billion, representing a year-on-year growth of 36.55%[69]. - The net profit attributable to the parent company was CNY 330 million, with a year-on-year increase of 22.51%[60]. - The company reported a net profit for the first half of 2021 of ¥328,131,984.70, representing a 22.6% increase compared to ¥267,654,613.30 in the first half of 2020[168]. Cash Flow and Assets - The company's net cash flow from operating activities was -¥488,988,064.09, a significant decrease compared to ¥228,517,312.90 in the previous year, marking a decline of 313.98%[23]. - The company's cash and cash equivalents decreased to ¥2,225,337,677.28 from ¥3,135,514,679.82, representing a decline of approximately 29.0%[152]. - Cash flow from operating activities showed a net outflow of ¥488,988,064.09, down from a net inflow of ¥228,517,312.90 in the first half of 2020[179]. - The ending balance of cash and cash equivalents was ¥669,927,930.78, slightly up from ¥629,749,635.89 at the end of the previous year[181]. - The company's total assets at the end of the reporting period were ¥16,825,093,409.05, which is a 6.19% increase from ¥15,843,935,032.64 at the end of the previous year[23]. - Current assets totaled ¥12,564,331,274.92, slightly up from ¥12,407,014,582.89, indicating a growth of about 1.3%[152]. Investments and R&D - The company has invested over 2 billion yuan in R&D over the past 8 years, establishing a strong technical foundation and receiving multiple national and provincial awards for technological advancements[54]. - The company invested CNY 265 million in R&D expenses, which is a 50.15% increase compared to the previous year[69]. - Research and development expenses for the first half of 2021 were ¥265,280,570.06, a significant increase from ¥176,678,177.95 in the same period of 2020, reflecting a 50.1% rise[164]. Market Position and Strategy - The company is transitioning from a subcontractor in steel structure engineering to an EPC (Engineering, Procurement, and Construction) contractor, enhancing its position in the industry and improving pricing power[37]. - The company aims to maintain a new construction area of prefabricated buildings at over 30% of total new construction by 2025, as outlined in regional government plans[39]. - The EPC model is being promoted as an effective investment control and project management approach, with government policies encouraging its adoption in prefabricated buildings[42]. - The company has developed the Green Building System (GBS), which can reduce construction waste by 90% and save 80% of water during manufacturing and installation[99]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[7]. - The construction industry faces a labor supply shortage, with the number of workers in the sector decreasing by 3.2% compared to 2019, highlighting the need for mechanized solutions like steel structures[52]. - The company closely monitors macroeconomic conditions and adjusts its operational strategies accordingly to mitigate risks associated with economic cycles and government policies[84]. Corporate Governance and Shareholder Information - The company has appointed new executives, including Zhang Lei as Vice President and Li Dong as Co-President, to strengthen its leadership team[91]. - The total number of ordinary shareholders as of the end of the reporting period is 133,520[133]. - The top ten shareholders hold a total of 300,000,000 shares, representing 14.90% of the total shares[134]. - The largest shareholder, Jinggong Holding Group (Zhejiang) Investment Co., Ltd., has pledged 200,000,000 shares[134]. Mergers and Acquisitions - The company completed the merger with Zhejiang Jinggong International Steel Structure Engineering Co., Ltd. in April 2021, leading to retrospective adjustments in financial statements[27]. - The company has purchased 100% equity of Zhejiang Jinggong International Steel Structure Engineering Co., Ltd. for 122.55 million RMB to acquire land necessary for factory expansion[111].

Financial Performance - Operating revenue for the period was CNY 2,758,571,847.90, representing a year-on-year increase of 17.29%[11] - Net profit attributable to shareholders was CNY 132,505,534.64, up 4.32% from the same period last year[11] - The company reported a net profit after deducting non-recurring gains and losses of CNY 117,700,622.62, an increase of 6.03% year-on-year[11] - Total comprehensive income for the period reached CNY 134,485,538.93, compared to CNY 125,682,196.90 in the previous year, reflecting an increase of approximately 6.4%[46] - Net profit for Q1 2021 was ¥132,142,659.80, compared to ¥125,846,411.68 in Q1 2020, representing a growth of 5.2%[44] - Operating profit showed a loss of CNY -6,243,741.62, an improvement from CNY -13,941,695.09 in the previous year, marking a reduction in losses by about 55.2%[46] Cash Flow - Net cash flow from operating activities was negative CNY 553,803,995.52, a decrease of 319.49% compared to the previous year[11] - Cash flow from operating activities was CNY -553,803,995.52, a decline from CNY 252,312,551.54 in the previous year, indicating a significant cash outflow[52] - The total cash inflow from operating activities was CNY 3,660,653,026.86, compared to CNY 2,809,397,371.13 in the previous year, reflecting an increase of approximately 30.3%[52] - Cash flow from financing activities showed a net outflow of 75,487,806.34 RMB in Q1 2021, primarily due to debt repayments[57] - The company’s cash flow from operating activities remained stable, reflecting consistent operational performance[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,472,495,931.27, a decrease of 2.12% compared to the end of the previous year[11] - Total current assets decreased to $12,029,495,721.65 from $12,401,311,124.51, a decline of approximately 3%[30] - Total non-current assets increased to $3,443,000,209.62 from $3,406,373,270.78, an increase of about 1.07%[30] - Total liabilities decreased to $8,496,708,557.25 from $8,966,382,560.20, a decline of approximately 5.23%[32] - Total equity increased to $6,975,787,374.02 from $6,841,301,835.09, an increase of about 1.96%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 121,306[14] - The largest shareholder, Jinggong Holding Group (Zhejiang) Investment Co., Ltd., held 300,000,000 shares, accounting for 14.90% of the total[14] Research and Development - Research and development expenses increased by 52.42% compared to the previous period, reflecting higher investment in R&D projects[19] - Research and development expenses increased to ¥128,439,509.76 in Q1 2021 from ¥84,265,450.64 in Q1 2020, marking a rise of 52.4%[41] Investment Activities - The company reported an investment income of ¥11,531,173.12, indicating an increase in investment returns[19] - The company reported a tax expense of ¥9,318,011.03 for Q1 2021, compared to ¥10,697,047.61 in Q1 2020, showing a decrease of 12.9%[44] Other Financial Metrics - Basic earnings per share were CNY 0.0658, down 6.27% from CNY 0.0702 in the previous year[11] - The weighted average return on net assets decreased by 0.47 percentage points to 1.92%[11] - The company reported a significant increase in asset disposal gains by 544.63% to ¥1,269,045.57 from ¥196,863.99, driven by higher asset sales[19]

Financial Performance - The company's operating revenue for 2020 was CNY 11,484,018,588.4, representing a 12.20% increase compared to CNY 10,235,446,133.0 in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 7,648,111,426.73, a significant increase of 60.69% from CNY 5,403,318,634.81 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 591,755,525.34, which is a 61.39% increase from CNY 366,670,335.03 in 2019[23]. - The net cash flow from operating activities was CNY 424,101,478.15, showing a decrease of 22.33% compared to CNY 546,011,756.92 in 2019[23]. - Basic earnings per share (EPS) rose by 54.89% to CNY 0.3451 in 2020 compared to CNY 0.2228 in 2019[25]. - The weighted average return on net assets increased by 3.11 percentage points to 11.03% in 2020[25]. - Operating income for the fourth quarter of 2020 was approximately CNY 3.72 billion, with a net profit attributable to shareholders of CNY 159.57 million[26]. - The company reported a cash flow from operating activities of approximately CNY 252.31 million in 2020[30]. - Non-recurring gains and losses amounted to approximately CNY 56.36 million in 2020, compared to CNY 36.65 million in 2019[32]. - Revenue for the reporting period reached 11.484 billion yuan, an increase of 12.20% year-on-year, while net profit rose to 648 million yuan, reflecting a significant growth of 60.69%[64]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares, totaling CNY 60,386,230.47 for the year 2020[6]. - The company plans to distribute at least 30% of the average distributable profit over the last three years in cash dividends during profitable years[134]. - In 2020, the company distributed cash dividends amounting to 60,386,230.47 RMB, representing 9.32% of the net profit attributable to ordinary shareholders[135]. - The company has committed to maintaining a cash dividend policy that prioritizes cash distributions when conditions allow, ensuring shareholder interests are protected[131]. Business Operations and Strategy - The company’s main business includes steel structure engineering and complete building products, with a focus on integrated design, manufacturing, and installation services[35]. - The company is transitioning from a steel structure subcontractor to an EPC (Engineering, Procurement, and Construction) contractor, enhancing its position in the industry and improving pricing power and cash flow[39]. - The company has developed the Green Building System (GBS) with a maximum assembly rate of 95% for prefabricated buildings[35]. - The product system is categorized into public buildings, industrial products, and residential products, with public buildings further divided into customized and standardized products[38]. - The company aims to enhance its core competitiveness through technology innovation and has established a group expert committee to track industry trends[120]. - The company is initiating a digital transformation, focusing on parameterized design and automated production[123]. - The company is promoting prefabricated buildings and integrating information technology into construction processes to improve efficiency and sustainability[118]. - The company’s strategic plan includes transitioning to a comprehensive service provider in the steel structure construction industry[119]. Market and Industry Trends - In 2020, the total area of newly started prefabricated buildings reached 630 million square meters, a 50% increase from 2019, accounting for approximately 20.5% of new construction area[42]. - The proportion of prefabricated steel structure buildings among newly started prefabricated buildings was 30.2%, totaling 190 million square meters, which represents a 46% increase from 2019[44]. - The government has implemented policies to promote the EPC model, with local regulations established in all 31 provinces and regions in mainland China[41]. - The construction industry is a key player in carbon reduction, with the goal of achieving carbon peak by 2030 and carbon neutrality by 2060, necessitating a shift towards green building practices[45]. - Steel structure market penetration is currently low, with only 7.4% of national steel production used in construction, compared to an average of 30% in developed countries[46]. - The steel structure industry in China is rapidly growing, but competition in the low-end market is expected to intensify, potentially impacting profitability[128]. Research and Development - The company invested over 2 billion yuan in R&D over the past 8 years, the highest in the steel structure industry, and received 6 national science and technology progress awards[55]. - The company has developed a digital green construction technology that was included in the National Green Technology Promotion Catalog (2020)[61]. - The company has established two national-level post-doctoral research stations to enhance high-end research talent recruitment[70]. - The company’s R&D expenses increased by 9.98% to 442.68 million RMB, reflecting its commitment to innovation[76]. - Research and development expenses totaled 442,676,227.23, representing 3.85% of operating income, with a 9.98% increase compared to the previous period[89][91]. Client and Market Presence - The company has a strong client base, including major clients like Apple, Alibaba, and Huawei, with high customer retention rates[57]. - The company achieved a total of 439 new business contracts with a business value of 18.368 billion yuan, representing a year-on-year growth of 31%[64]. - The company secured new orders worth 5.636 billion yuan in EPC and prefabricated construction, marking a year-on-year increase of 103%[65]. - The proportion of EPC and prefabricated orders in total orders increased from 20% in 2019 to 31% in the reporting period[65]. - The company has expanded its market presence into new regions, including Lishui City in Zhejiang Province and Zhangye City in Gansu Province[65]. Financial Position and Assets - The net assets attributable to shareholders of the listed company increased by 29.66% year-on-year, reaching approximately CNY 6.83 billion at the end of 2020[25]. - Total assets grew by 14.84% year-on-year, amounting to approximately CNY 15.81 billion at the end of 2020[25]. - The company’s cash and cash equivalents increased by 54.04% to 3,135,465,062.85, primarily due to a directed stock issuance[93]. - The company’s contract assets reached 4,768,723,939.56, accounting for 30.16% of total assets[93]. - The company’s total liabilities decreased by 12.60% compared to the previous period[82]. Corporate Governance and Compliance - The company has maintained a standard unqualified audit report from its accounting firm, Zhonghua Certified Public Accountants[5]. - The company has no major litigation or arbitration matters during the reporting period[147]. - The company has no significant accounting errors or corrections during the reporting period[145]. - The company has not faced any risks of suspension or termination of listing[145][147]. - The company has implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting and contract asset/liability presentation[141]. Shareholder Information - The company issued 202,429,149 new shares in August 2020, increasing the total shares to 2,012,874,349[170]. - The top ten shareholders held a total of 300 million shares, representing 14.90% of the company, with significant pledges on their shares[181]. - The company reported a decrease in the number of shareholders, indicating potential consolidation among investors[180]. - The company’s equity structure remains stable with no new priority shareholders reported[180]. - The largest shareholder, Seiko Holdings Group Co., Ltd., holds 237,069,604 shares of common stock[183]. Social Responsibility - The company donated CNY 515,000 for poverty alleviation through scholarships and donations[160]. - The company plans to continue supporting poverty alleviation initiatives in the future[162].

Financial Performance - Net profit attributable to shareholders was ¥488,542,946.58, representing a 58.26% increase year-on-year[18]. - Operating revenue for the first nine months was ¥7,760,264,965.19, up 6.21% from the same period last year[18]. - The company reported a net profit excluding non-recurring gains and losses of ¥445,323,070.80, a 62.51% increase year-on-year[18]. - Basic earnings per share increased by 52.61% to ¥0.2602[20]. - The company reported a significant decrease in inventory, which fell to ¥1,383,153,770.92 from ¥5,296,804,988.85[38]. - Net profit for Q3 2020 was ¥217,765,549.41, representing a 73.0% increase from ¥125,766,088.53 in Q3 2019[56]. - Total operating revenue for Q3 2020 reached ¥3,047,195,306.55, an increase of 15.6% compared to ¥2,637,238,961.91 in Q3 2019[53]. - Total operating revenue for Q3 2020 was approximately ¥554.33 million, a 50.9% increase from ¥367.25 million in Q3 2019[61]. - Total comprehensive income for Q3 2020 was approximately ¥25.30 million, compared to ¥2.74 million in Q3 2019, reflecting a substantial increase[66]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,760,586,689.02, an increase of 14.50% compared to the end of the previous year[18]. - Total current assets reached ¥12,596,423,888.69, an increase from ¥10,576,134,421.75[38]. - The total current assets increased to ¥3,746,718,781.32 from ¥3,087,254,673.29, reflecting a growth of approximately 21.4%[47]. - Total liabilities reached ¥9,060,729,080.77, compared to ¥8,482,393,709.37, reflecting a growth of approximately 6.8%[43]. - Current liabilities rose to ¥8,825,033,575.87 from ¥8,188,084,887.87, indicating an increase of about 7.8%[43]. - The company’s total liabilities and equity reached approximately ¥13.77 billion, consistent with the total asset value[84]. - The company reported a total asset value of approximately ¥13.77 billion, reflecting a decrease of approximately ¥8.38 million compared to the previous period[84]. Cash Flow - The net cash flow from operating activities decreased by 33.62% to ¥183,276,444.46 compared to the previous year[18]. - Cash received from investment activities amounted to ¥8,000,000.00, attributed to the disposal of joint ventures[32]. - Cash inflow from financing activities was 2,549,057,495.35 RMB, significantly higher than 1,385,222,640.10 RMB in the previous year, marking an increase of about 83.9%[72]. - Cash inflow from investment activities totaled 28,766,118.51 RMB, down from 72,537,070.63 RMB, indicating a decrease of approximately 60.3%[71]. - Cash outflow from investment activities was 103,182,825.99 RMB, compared to 137,103,961.70 RMB, reflecting a decrease of about 24.7%[71]. Shareholder Information - The number of shareholders at the end of the reporting period was 110,622, with the largest shareholder holding 14.90% of the shares[22]. - Owner's equity increased to ¥6,699,857,608.25 from ¥5,282,907,474.06, marking a significant rise of around 25.5%[43]. Investment and Expenses - The company has made significant investments in obtaining general contracting qualifications, leading to an increase in other receivables by 41.28%[29]. - Research and development expenses for Q3 2020 were ¥107,310,505.09, slightly down from ¥109,140,761.83 in Q3 2019[53]. - Financial expenses decreased to approximately ¥19.78 million in Q3 2020 from ¥33.11 million in Q3 2019, a reduction of 40.2%[61]. - The company reported an investment income of approximately ¥25.27 million in Q3 2020, compared to no investment income reported in Q3 2019[64]. Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[56]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[62].