Financial Performance - Operating revenue for the period was CNY 1,347,443,176.05, an increase of 10.58% year-on-year[11] - Net profit attributable to shareholders was CNY 53,888,785.34, down 27.07% from the previous year[11] - The company's total equity attributable to shareholders rose to ¥6,563,586,970.51 from ¥6,509,698,185.17, reflecting an increase of about 0.83%[35] - The total profit for the first quarter was 58,458,315.14 RMB, down from 115,299,869.26 RMB, indicating a decrease of about 49%[52] - The net profit for the first quarter was 49,909,401.45 RMB, a significant drop from 98,809,004.16 RMB, reflecting a decline of approximately 49%[52] Cash Flow - Net cash flow from operating activities was CNY 95,646,260.61, a significant increase of 294.81% compared to the same period last year[11] - The net cash flow from financing activities decreased by 168.55% to -¥344,592,955.02, primarily due to an increase in cash payments related to financing activities[19] - The company's operating cash flow for Q1 2019 was CNY 95,646,260.61, a significant increase from CNY 24,226,058.82 in Q1 2018, representing a growth of approximately 295%[56] - Cash inflow from financing activities totaled CNY 1,264,600,000.00, down from CNY 1,633,200,000.00 in the previous year, marking a decrease of about 23%[58] - The company reported a net cash outflow from financing activities of CNY -344,592,955.02, compared to a net inflow of CNY 502,713,312.15 in Q1 2018[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,257,420,113.48, a decrease of 0.84% compared to the end of the previous year[11] - The company's total assets as of the latest report were CNY 20,187,484,108.12, down from CNY 20,532,001,141.25[40] - Total liabilities decreased to CNY 13,405,925,963.80 from CNY 13,800,352,398.38, a reduction of about 2.9%[40] - Total current liabilities decreased to ¥5,456,775,216.78 from ¥5,904,869,533.93, a reduction of about 7.56%[33] - The total liabilities decreased to ¥14,636,191,961.63 from ¥14,850,817,556.44, indicating a decline of about 1.44%[35] Investments - Long-term equity investments decreased by 95.55% to CNY 5,851,200.54, mainly due to the disposal of equity in certain subsidiaries[16] - Investment income reached ¥27,666,244.86, marking a 100% increase, mainly from the disposal of equity in Liyue Tianfu and Sunshine Biotechnology[19] - The company has terminated the plan to transfer its 39.39% stake in Liyue Tianfu due to the subsidiary's inactivity and has completed the deregistration process[19] - The net cash flow from investment activities decreased by 207.17% to -¥103,861,745.01, primarily due to a reduction in cash received related to investment activities[19] - The cash inflow from investment activities was CNY 49,429,230.56, significantly lower than CNY 258,229,676.76 in Q1 2018, indicating a decline of about 81%[62] Shareholder Information - The number of shareholders at the end of the reporting period was 68,284[13] - The company has not issued preferred shares, and there are no known related party transactions among shareholders[15] - The basic and diluted earnings per share were both 0.05 RMB, compared to 0.06 RMB in the previous period, reflecting a decline of approximately 17%[47] - The total comprehensive income attributable to the parent company owners was 53,888,785.34 RMB, down from 73,887,377.44 RMB, indicating a decrease of about 27%[47] Operational Metrics - Accounts receivable increased by 65.64% to CNY 863,254,279.49, primarily due to an increase in electricity receivables[16] - Total operating costs for Q1 2019 were CNY 1,324,749,489.03, up from CNY 1,137,083,043.02 in Q1 2018, indicating an increase of about 16.5%[45] - Operating costs increased to 933,693,665.19 RMB from 766,083,073.06 RMB, representing a rise of approximately 22%[49] - Cash inflow from sales of goods and services was CNY 1,332,442,817.49, a substantial increase from CNY 902,356,715.62 in Q1 2018, representing a growth of around 47%[56] - The company spent CNY 995,030,248.76 on purchasing goods and services, which is an increase from CNY 632,526,806.75 in the same quarter last year, reflecting a rise of approximately 57%[56]

Financial Performance - The company's operating revenue for 2018 was approximately CNY 4.96 billion, an increase of 16.94% compared to CNY 4.24 billion in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 49.54 million, a decrease of 72.29% from CNY 178.78 million in 2017[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 22.86 million, down 84.6% from CNY 148.42 million in 2017[23]. - The net cash flow from operating activities increased significantly to CNY 1.55 billion, a rise of 429.76% compared to CNY 292.29 million in 2017[23]. - Basic earnings per share decreased by 77.37% to ¥0.0430, while diluted earnings per share also fell by the same percentage[26]. - The weighted average return on equity dropped to 0.76%, a decrease of 2.85 percentage points from the previous year[26]. - The company achieved an operating revenue growth of 16.94% year-on-year, totaling 3.64 billion CNY, despite a significant net profit decline of 72.29% due to increased production costs and reduced electricity sales prices[41]. - The company reported total revenue of 4.956 billion yuan, a year-on-year increase of 16.94%, while net profit attributable to shareholders decreased by 72.29% to 50 million yuan[47]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.16 per 10 shares, totaling CNY 18.42 million, based on a total share capital of 1,151,415,017 shares[7]. - For 2018, the company plans to distribute a cash dividend of 0.16 RMB per 10 shares, totaling 18,422,640.28 RMB, which is 37.18% of the net profit attributable to ordinary shareholders[110]. - The company has established a clear cash dividend policy, ensuring a minimum distribution of 10% of the distributable profit[109]. - The company commits to a cash dividend policy, ensuring that annual cash dividends will not be less than 10% of the distributable profits when profitable[116]. Operational Highlights - Operating income for 2018 was driven by an increase in electricity sales, with total electricity sales reaching 13.411 billion kWh, up 18.65% year-on-year[32]. - The electricity business generated a total power generation of 14.156 billion kWh, representing a year-on-year increase of 31.80%, and electricity sales volume reached 13.411 billion kWh, up 18.65%[41]. - The heating business recorded a total heating supply of 20.0793 million GJ, a decrease of 4.88% year-on-year, while revenue from heating services increased by 6.03% to 512 million CNY due to an increase in heating area[41]. - The natural gas business saw a 29.10% increase in vehicle gas supply and a 43.10% increase in industrial gas usage year-on-year, driven by differentiated marketing strategies and a focus on industrial clients[41]. Market Position and Strategy - The company has a unique position in the market as the only legal electricity supplier in the Shihezi area, with a self-owned installed capacity of 3,173 MW[32]. - The company is actively investing in clean energy and transitioning towards becoming a comprehensive urban service provider, enhancing its competitive edge in the market[32]. - The company plans to expand its natural gas business beyond the Shihezi area, aiming to increase market share and sales volume[32]. - The company is transitioning towards a comprehensive urban energy service platform, leveraging its unique multi-energy operational model and extensive experience in energy dispatch[36]. Risk Management and Compliance - The company has detailed potential risks in the report, which investors should review[9]. - The audit report for the company was issued by Tianzhi International Accounting Firm with a standard unqualified opinion[6]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[8]. - The company has invested significantly in environmental protection measures, ensuring that emissions meet or exceed national standards, and is moving towards near-zero emissions[39]. Financial Management and Investments - The company completed the issuance of asset securitization products, raising 710 million yuan to support operational funding needs[44]. - The company has strengthened its service management and emergency response capabilities, enhancing customer satisfaction and brand value in the local community[39]. - The company has established a comprehensive independent power supply network covering an area of approximately 7,000 square kilometers, with a self-owned installed capacity of 3,173 MW[36]. - The company has built a natural gas pipeline network exceeding 700 kilometers, serving 184,300 households, and is expanding its gas business beyond Shihezi to other regions in Xinjiang[36]. Environmental Initiatives - The company reported a 25.26% decrease in sulfur dioxide emissions and a 15.80% decrease in nitrogen oxide emissions compared to the previous year, achieving its emission reduction targets[188]. - The company has implemented ultra-low emission modifications for its power generation units, with all pollution control facilities operating normally[193]. - The company has completed environmental impact assessments for its power generation projects, ensuring compliance with environmental regulations[194]. - The company has engaged a third-party service provider for environmental monitoring, ensuring compliance with self-monitoring plans submitted to local environmental authorities[196]. Future Outlook - The company plans to generate 17.055 billion kWh of electricity and supply 16.504 billion kWh in 2019, with a construction investment plan totaling approximately 1.4008235 billion yuan[102]. - The company aims to increase the installed capacity of non-fossil energy to approximately 840 million kW by the end of 2019, representing about 41.8% of total capacity[98]. - The company anticipates a stable electricity consumption growth rate of around 5.5% for 2019, with a projected increase in installed capacity of 11 million kW[98]. - The company will continue to enhance clean and efficient power supply capabilities while promoting market-oriented reforms in the electricity sector[99].

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Statement on Report Authenticity](index=3&type=section&id=1.1%20Statement%20on%20Report%20Authenticity) The Board of Directors, Supervisory Committee, and senior management affirm the truthfulness, accuracy, and completeness of this unaudited quarterly report - Company management confirmed the truthfulness, accuracy, and completeness of the 2018 third-quarter report[7](index=7&type=chunk) - This company's third-quarter report is unaudited[7](index=7&type=chunk) [Company Overview](index=3&type=section&id=Item%20II.%20Company%20Overview) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) For the first three quarters of 2018, revenue grew by 21.64%, while net profit attributable to shareholders significantly declined by 77.48%, with basic EPS decreasing by 82.39%, though operating cash flow remained stable with a slight 2.70% increase 2018 First Three Quarters Key Financial Indicators | Indicator | Year-to-Date (Jan-Sep) | Prior Year-to-Date (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 3,497,186,626.82 | CNY 2,874,955,962.55 | 21.64% | | Net Profit Attributable to Shareholders | CNY 64,669,846.63 | CNY 287,224,469.42 | -77.48% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | CNY 48,514,356.48 | CNY 270,343,490.53 | -82.05% | | Net Cash Flow from Operating Activities | CNY 855,812,007.81 | CNY 833,296,152.53 | 2.70% | | Basic Earnings Per Share (CNY/share) | 0.056 | 0.318 | -82.39% | | Weighted Average Return on Net Assets (%) | 0.01% | 5.89% | Decreased by 5.88 percentage points | - From the beginning of the year to the end of the reporting period, the company's total non-recurring gains and losses amounted to **CNY 16.16 million**, primarily from government subsidies and reversal of impairment provisions for receivables[8](index=8&type=chunk) [Shareholder Information at Period-End](index=4&type=section&id=2.2%20Shareholder%20Information%20at%20Period-End) As of the reporting period end, the company had 53,009 shareholders, with Xinjiang Tianfu Group Co., Ltd. as the controlling shareholder at 29.26% ownership, part of which is pledged - As of the end of the reporting period, the company had **53,009 shareholders**[9](index=9&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Shares Held at Period-End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Xinjiang Tianfu Group Co., Ltd. | 336,879,787 | 29.26 | State-owned Legal Person | | Shihezi Tianfu Zhisheng Equity Investment Co., Ltd. | 122,351,233 | 10.63 | State-owned Legal Person | | Shihezi Urban Construction Investment and Management Co., Ltd. | 43,541,364 | 3.78 | State-owned Legal Person | [Preferred Shareholder Information at Period-End](index=5&type=section&id=2.3%20Preferred%20Shareholder%20Information%20at%20Period-End) The company has not issued preferred shares, thus no related shareholder information is available - The company has not issued preferred shares[10](index=10&type=chunk) [Significant Matters](index=5&type=section&id=Item%20III.%20Significant%20Matters) [Analysis of Significant Changes in Financial Statement Items](index=5&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Financial%20Statement%20Items) During the reporting period, significant changes occurred across financial statement items, including a surge in prepayments and construction in progress due to increased project investments, a rise in short-term borrowings for liquidity, and a disproportionate increase in operating costs driven by coal prices and depreciation, leading to profit decline Balance Sheet Major Change Items | Item | Period-End Balance (CNY) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Prepayments | 328,278,452.94 | 499.31 | Increase in prepayments for engineering materials and coal | | Construction in Progress | 1,432,221,902.38 | 361.69 | Increased investment in 2×660MW project, power grid renovation, etc | | Short-term Borrowings | 1,620,000,000.00 | 174.58 | Increase to supplement working capital | | Taxes Payable | 2,594,269.63 | -88.99 | Decrease in value-added tax and income tax payable | | Non-current Liabilities Due Within One Year | 60,683,547.09 | -86.20 | Repayment of maturing long-term borrowings | Income Statement Major Change Items (Year-to-Date) | Item | Amount (CNY) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,497,186,626.82 | 21.64 | Increase in electricity sales volume | | Operating Costs | 2,765,506,131.82 | 41.82 | Increase in coal costs and depreciation expenses | | Investment Income | 8,090,180.60 | 1387.28 | Investment income from asset-backed securitization products | | Income Tax Expense | 17,505,571.16 | -69.98 | Decrease in profit | [Progress of Significant Matters](index=7&type=section&id=3.2%20Progress%20of%20Significant%20Matters) The company reported progress on several significant matters, including successful issuance of short-term financing bonds, a stalled equity acquisition due to judicial preservation, substantial new guarantees for the controlling shareholder, and ongoing efforts to issue green corporate bonds - Financing activities: Issued two tranches of short-term commercial papers (SCP) totaling **CNY 900 million** during the year to supplement operating funds[14](index=14&type=chunk) - Equity acquisition stalled: The acquisition of 65% equity in Lihua Luyuan by subsidiary Tianyuan Gas is unable to be fully completed due to judicial preservation of part of the target company's equity, with only **44.17%** of the equity transfer completed for industrial and commercial registration[16](index=16&type=chunk)[17](index=17&type=chunk) - External guarantees: Provided new guarantees totaling **CNY 3.2 billion** for controlling shareholder Tianfu Group and its affiliated enterprises[18](index=18&type=chunk) - Green bond issuance: The application for non-public issuance of green corporate bonds not exceeding **CNY 1.3 billion** has been accepted by the Shanghai Stock Exchange and awaits approval[23](index=23&type=chunk) [Unfulfilled Commitments Beyond Due Date](index=9&type=section&id=3.3%20Unfulfilled%20Commitments%20Beyond%20Due%20Date) The company has no unfulfilled commitments beyond their due date during the reporting period - The company has no unfulfilled commitments beyond their due date[25](index=25&type=chunk) [Full-Year Performance Forecast](index=9&type=section&id=3.4%20Full-Year%20Performance%20Forecast) The company forecasts a 50% to 80% year-over-year decline in full-year 2018 net profit, primarily due to surging coal prices, increased depreciation and finance costs from new fixed assets, and reduced electricity revenue from tariff adjustments - The company expects net profit for January-December 2018 to decrease by **50%-80%** compared to the same period last year[25](index=25&type=chunk) - Key reasons for performance decline: - Continuous significant increase in raw coal prices, leading to higher costs for electricity and heating businesses[25](index=25&type=chunk) - Increased depreciation and finance costs after the 2×660 MW units were transferred to fixed assets[25](index=25&type=chunk) - Reduced electricity revenue due to regional electricity price adjustments influenced by policy[25](index=25&type=chunk) [Appendix](index=10&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=10&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for the third quarter of 2018 [Consolidated Balance Sheet](index=10&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2018, total assets were CNY 20.41 billion, a 4.90% increase from the beginning of the year, with total liabilities at CNY 13.78 billion and equity attributable to parent company owners at CNY 6.51 billion Consolidated Balance Sheet Major Items (September 30, 2018) | Item | Period-End Balance (CNY) | Beginning-of-Year Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 20,406,593,937.49 | 19,454,157,451.31 | | Total Liabilities | 13,780,254,137.71 | 12,834,056,833.53 | | Total Equity Attributable to Parent Company Owners | 6,514,986,999.86 | 6,504,433,662.94 | [Parent Company Balance Sheet](index=12&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2018, the parent company's total assets were CNY 19.78 billion, total liabilities CNY 13.04 billion, and total owner's equity CNY 6.74 billion Parent Company Balance Sheet Major Items (September 30, 2018) | Item | Period-End Balance (CNY) | Beginning-of-Year Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 19,778,583,788.94 | 18,913,412,916.75 | | Total Liabilities | 13,036,065,597.43 | 12,195,836,878.42 | | Total Owner's Equity | 6,742,518,191.51 | 6,717,576,038.33 | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2018, the company achieved total operating revenue of CNY 3.50 billion, up 21.64%, but total profit decreased by 77.38% to CNY 77.86 million, and net profit attributable to parent company owners significantly dropped by 77.48% to CNY 64.67 million Consolidated Income Statement Major Items (Jan-Sep 2018) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 3,497,186,626.82 | 2,874,955,962.55 | | Total Operating Costs | 3,431,338,329.78 | 2,547,975,942.46 | | Total Profit | 77,861,262.87 | 344,258,410.88 | | Net Profit Attributable to Parent Company Owners | 64,669,846.63 | 287,224,469.42 | [Parent Company Income Statement](index=17&type=section&id=Parent%20Company%20Income%20Statement) For the first three quarters of 2018, the parent company's operating revenue reached CNY 2.95 billion, a 17.46% increase, while net profit declined by 74.08% to CNY 79.06 million Parent Company Income Statement Major Items (Jan-Sep 2018) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Operating Revenue | 2,948,402,598.73 | 2,510,171,756.47 | | Total Profit | 92,976,967.57 | 361,125,120.37 | | Net Profit | 79,058,662.87 | 305,025,553.73 | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2018, net cash flow from operating activities remained robust at CNY 855.81 million, while net cash outflow from investing activities was CNY 415.63 million, and from financing activities was CNY 7.42 million, with cash and cash equivalents totaling CNY 1.45 billion at period-end Consolidated Cash Flow Statement Major Items (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | 855,812,007.81 | | Net Cash Flow from Investing Activities | -415,628,007.97 | | Net Cash Flow from Financing Activities | -7,419,545.13 | | Net Increase in Cash and Cash Equivalents | 432,764,454.71 | [Parent Company Cash Flow Statement](index=20&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) For the first three quarters of 2018, the parent company's net cash flow from operating activities was CNY 883.22 million, net cash outflow from investing activities was CNY 366.72 million, and net cash inflow from financing activities was CNY 1.50 million, with cash and cash equivalents at CNY 1.37 billion at period-end Parent Company Cash Flow Statement Major Items (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | 883,223,052.96 | | Net Cash Flow from Investing Activities | -366,718,311.20 | | Net Cash Flow from Financing Activities | 1,501,226.46 | | Net Increase in Cash and Cash Equivalents | 518,005,968.22 | [Audit Report](index=21&type=section&id=4.2%20Audit%20Report) The financial statements in this quarterly report are unaudited - This quarterly report is unaudited[47](index=47&type=chunk)

Financial Corrections - The company corrected the annual report for 2017 due to data entry errors, specifically in the long-term equity investment section[1]. Long-term Equity Investment - The total long-term equity investment at the end of the period was RMB 144,104,356.97, with a decrease of RMB 8,536,156.00 during the period[1]. Sales Expenses - Sales expenses for the current period amounted to RMB 100,130,668.00, an increase from RMB 72,285,946.96 in the previous period, representing a growth of approximately 38.6%[5][8]. - Major components of sales expenses included employee compensation of RMB 38,836,666.48 and depreciation costs of RMB 29,656,587.45[6][8]. Management Expenses - Management expenses for the current period were RMB 271,505,982.06, down from RMB 278,142,169.06 in the previous period, indicating a decrease of about 2.3%[7][9]. - Employee compensation within management expenses decreased to RMB 148,099,123.96 from RMB 170,037,450.39, a reduction of approximately 13%[10]. Future Improvements - The company plans to enhance information disclosure and internal review processes to prevent similar issues in the future[10].

Financial Performance - The company's operating revenue for 2017 was CNY 4,237,835,374.90, representing a 16.55% increase compared to CNY 3,636,038,874.56 in 2016[20] - The net profit attributable to shareholders of the listed company decreased by 42.81% to CNY 178,777,981.05 from CNY 312,617,962.00 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 148,416,145.47, down 44.61% from CNY 267,958,812.05 in 2016[20] - The net cash flow from operating activities was CNY 292,291,699.74, a decrease of 51.84% compared to CNY 606,965,816.97 in 2016[20] - Basic earnings per share decreased by 45.71% to CNY 0.19 in 2017 from CNY 0.35 in 2016[22] - The company faced a 42.81% decline in net profit attributable to the parent company due to rising coal prices and impairment provisions totaling CNY 175 million[40] - Revenue for the period was 4.24 billion yuan, an increase of 16.55% year-on-year, while net profit attributable to shareholders decreased by 42.81% to 179 million yuan[49] Assets and Liabilities - The total assets at the end of 2017 were CNY 19,454,157,451.31, a slight increase of 0.23% from CNY 19,408,646,937.25 at the end of 2016[21] - The net assets attributable to shareholders increased by 36.86% to CNY 6,504,433,662.94 from CNY 4,752,650,840.98 in 2016[21] - The company’s total liabilities amount to approximately 3.34 billion, reflecting a strategic approach to leverage[64] - The company’s guarantees exceed 50% of net assets by 1,659,939,691.11[157] - The company’s total guarantee balance at the end of the reporting period (excluding guarantees to subsidiaries) is 4,520,000,000[157] Operational Highlights - Total operating revenue for 2017 increased due to higher power and heat supply, reaching CNY 4.34 billion, with a notable increase in electricity supply volume by 12.84% to 11.303 billion kWh[30] - The company achieved a power generation of 10.74 billion kWh, a year-on-year increase of 19.07%, exceeding the annual plan by 112.23%[47] - The actual gas supply reached 140.69 million cubic meters, representing a 20.82% increase compared to the previous year, and completed 117.24% of the annual gas supply plan[47] - The company’s installed capacity increased to 3,173 MW following the commissioning of two 660 MW units in Q4 2017, enhancing its market competitiveness[30] - The company has integrated the heating market in Shihezi, adding 5.16 million square meters of heating area in 2017, and invested in 28.35 km of heating pipelines[33] Market Position and Strategy - The company has a unique position as the sole legal electricity supplier in the Shihezi area, with independent power supply and distribution capabilities[28] - The company is actively expanding its natural gas market presence, aiming to capture future growth in the vehicle gas market in Shihezi[29] - The company has implemented a unique operating model of combined heat and power generation, which enhances its market monopoly and allows for potential future expansion into a comprehensive urban service platform[34] - The company plans to continue seeking business expansion channels nationwide, leveraging its capital advantages as a listed company[34] - The company anticipates a stable growth in electricity consumption in 2018, driven by emerging industries and energy substitution initiatives[91] Environmental and Social Responsibility - The company has invested heavily in environmental protection, achieving ultra-low emissions standards and reducing coal consumption per unit of electricity generated below national standards[35] - The company has actively responded to local government initiatives, including the "Blue Sky Project," by transitioning high-energy-consuming small power generation units to standby status[39] - The company has established a centralized customer service center for electricity, heating, and natural gas, improving service quality[190] - The company actively participates in social responsibility initiatives, including education support in southern Xinjiang[186] - The company has implemented a pension plan for employees, enhancing their income and security[189] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.47 per 10 shares, totaling CNY 54,116,505.80[5] - The cash dividend policy stipulates a minimum distribution of 10% of the available profit, with a recent distribution of 1.07 CNY per 10 shares, totaling approximately 96.91 million CNY[102] - The company plans to maintain a cash dividend policy of at least 10% of the distributable profits in profitable years, while also considering stock dividends[108] - In 2017, the cash dividend per 10 shares was 0.47 RMB, with a total cash dividend amounting to 54,116,505.80 RMB, representing 30.27% of the net profit attributable to ordinary shareholders[105] Risks and Challenges - The company faces risks related to local economic development affecting power supply and demand, as well as potential shortages in controllable installed capacity[96] - The tightening of domestic credit and rising interest rates may increase the company's financing costs and financial expenses[98] - The company will actively communicate with coal suppliers to stabilize coal supply and prices, addressing risks from coal and natural gas price fluctuations[97] Investments and Acquisitions - The company agreed to acquire 100% equity of Shihezi Tianfu Nan Thermal Power Co., Ltd. from First Energy Industry Co., Ltd., with the transfer price to be determined after audit evaluation[73] - The company’s subsidiary, Tianyuan Gas, will acquire 35% equity of Xinjiang Tianfu Huiye Gas Co., Ltd. for a confirmed price of 25.9439 million yuan, resulting in Tianyuan Gas holding 100% equity post-acquisition[75] - The company plans to invest 70.514 million yuan in the desulfurization and denitrification system upgrades for the Nanshan Power Plant's 2×330 MW units[195] Accounting and Audit - The company appointed Lixin Accounting Firm as the auditor for the 2017 fiscal year, with a remuneration of CNY 1,100,000[113] - The company has implemented changes in accounting policies and estimates in accordance with relevant accounting standards[109] - The company recognized an increase in other income by CNY 59,583,178.30 from government subsidies, which were no longer classified as non-operating income[110]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately RMB 2.30 billion, representing a 21.41% increase compared to RMB 1.89 billion in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 94.08% to approximately RMB 8.88 million, down from RMB 149.98 million in the previous year[17]. - The basic earnings per share for the first half of 2018 were RMB 0.01, a decrease of 94.12% from RMB 0.17 in the same period last year[18]. - The company reported a total of RMB 9.66 million in non-recurring gains and losses for the period, primarily from government subsidies and the reversal of impairment provisions[20]. - The company’s net profit attributable to shareholders was 8.8798 million yuan, a decrease of 94.08% year-on-year[28]. - The company expects a net profit decline of 60%-80% for the period from January to September 2018 compared to the same period last year, primarily due to increased power generation costs and reduced electricity revenue[54]. Cash Flow and Financial Position - The net cash flow from operating activities increased by 5.15% to approximately RMB 672.64 million, compared to RMB 639.67 million in the same period last year[17]. - The company reported a significant decrease in accounts receivable, down 44.94% to ¥289,088,493.51 from ¥525,016,705.54 in the previous period, primarily due to bill settlements[34]. - The company reported a decrease in net cash flow from investing activities, which was -¥669,941,735.52, a 28.44% increase in outflow compared to -¥521,601,011.53 in the previous period[34]. - The company’s financial expenses rose by 20.31% to ¥245,378,222.07 from ¥203,950,522.66 in the previous period[34]. - The company reported a significant increase in financial expenses, totaling CNY 235,835,668.13, compared to CNY 189,347,768.19 in the previous year[154]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately RMB 20.23 billion, an increase of 4.01% from RMB 19.45 billion at the end of the previous year[17]. - The total liabilities increased to 13.61 billion RMB, up from 12.83 billion RMB at the end of the previous year[145]. - The total assets as of June 30, 2018, amounted to 20.23 billion RMB, an increase from 19.45 billion RMB at the end of the previous year[144]. - The total liabilities at the end of the period were 1,043,049,000 RMB, maintaining a manageable debt level relative to equity[170]. Operational Efficiency - The company achieved a total electricity generation of 6.731 billion kWh, representing a year-on-year increase of 37.55%[27]. - The company’s coal consumption per unit of electricity generated was reduced to 300.37 grams/kWh, a decrease of 12 grams/kWh compared to the previous year[29]. - The company plans to continue enhancing energy efficiency and cost control measures in response to rising coal prices and depreciation costs[31]. Market and Strategic Developments - The company has not disclosed any plans for new product development or market expansion in this report[5]. - The company has secured exclusive rights for natural gas supply in Shihezi, positioning itself to capture future market growth[23]. - The company plans to acquire a 65% stake in Xinjiang Lihua Green Energy Co., Ltd. for ¥95,000,000, with the assessed value of the stake being ¥123,220,700[39]. Shareholder and Governance Information - The company has not proposed any profit distribution or capital reserve increase for the half-year period[62]. - The company has approved a budget for related party transactions, including purchasing raw materials not exceeding 572 million RMB and providing services not exceeding 310 million RMB[66]. - The company has appointed Lixin Certified Public Accountants as the auditor for the 2018 fiscal year, approved by the shareholders' meeting[64]. - The company has approved a plan to provide guarantees totaling RMB 730 million to its controlling subsidiaries in 2018, including RMB 100 million to Shihezi Tianfu Nansheng Power Co., Ltd.[104]. Environmental and Regulatory Compliance - The company has established pollution prevention facilities in accordance with national standards, including desulfurization and denitrification systems[93]. - The company’s environmental monitoring is conducted by a third-party service provider, ensuring compliance with self-monitoring plans submitted to the local environmental protection bureau[97]. - The company has completed environmental impact assessments for all projects, receiving approval from environmental authorities[94]. Risks and Challenges - The company faces coal price risks, with significant increases in coal prices impacting operational costs, and plans to adjust procurement strategies and improve operational efficiency to mitigate these risks[55]. - Interest rate market risks are present due to reliance on bank loans for operational funding, with potential increases in financial costs if credit conditions tighten[56]. - The company anticipates potential electricity price reductions in the region, which could further impact profitability, and is focusing on cost control and market expansion strategies[56].

Financial Performance - Operating revenue rose by 18.61% to CNY 1,218,576,713.80 year-on-year[6] - Net profit attributable to shareholders decreased by 45.01% to CNY 73,887,377.44 compared to the same period last year[6] - Basic earnings per share fell by 60% to CNY 0.06[6] - The weighted average return on equity decreased by 1.66 percentage points to 1.13%[6] - Net profit for Q1 2018 was CNY 75,140,176.17, a decrease of 44.7% from CNY 135,950,646.57 in Q1 2017[33] - Earnings per share for Q1 2018 was CNY 0.06, down from CNY 0.15 in the same period last year[33] - The company expects a net profit decline of 40%-60% for the first half of 2018 compared to the same period last year, primarily due to decreased power supply conditions and increased coal and transportation costs[22] Assets and Liabilities - Total assets increased by 2.78% to CNY 19,995,616,989.92 compared to the end of the previous year[6] - Current assets totaled approximately CNY 4.278 billion, up from CNY 3.577 billion at the beginning of the year, indicating a growth of about 19.6%[26] - The company's total liabilities reached approximately CNY 13.300 billion, up from CNY 12.834 billion, indicating a growth of about 3.6%[27] - Total liabilities increased to CNY 12,712,370,068.70 in Q1 2018 from CNY 12,195,836,878.42 in the previous period[31] - Non-current liabilities rose to CNY 8,437,507,431.98 from CNY 8,164,195,295.10 in the previous period[31] Cash Flow - Net cash flow from operating activities dropped significantly by 81.18% to CNY 24,226,058.82[6] - The net cash flow from operating activities was ¥24.23 million, a significant decline from ¥128.74 million in the same period last year, representing a decrease of about 81.2%[38] - Cash inflows from operating activities amounted to ¥956.32 million, up from ¥666.58 million year-over-year, reflecting a growth of approximately 43.4%[37] - Cash outflows for operating activities totaled ¥932.09 million, compared to ¥537.84 million in the previous year, marking an increase of approximately 73.2%[38] - The net cash flow from investing activities was ¥96.91 million, a recovery from a negative cash flow of ¥171.55 million in the previous year[38] - Cash inflows from financing activities reached ¥1.63 billion, compared to ¥1.28 billion in the previous period, showing an increase of approximately 27.1%[42] - The net cash flow from financing activities was ¥502.71 million, a turnaround from a negative cash flow of ¥225.82 million in the same period last year[42] Shareholder Information - The total number of shareholders reached 53,876 at the end of the reporting period[9] - The largest shareholder, Xinjiang Tianfu Group, holds 29.26% of the shares, totaling 336,879,787 shares[9] Receivables and Payables - Accounts receivable rose by 81.76% to CNY 410,705,860.79, primarily due to an increase in receivables from electricity and heating fees[11] - Other receivables rose by 37.44% to ¥176,551,271.19, primarily due to an increase in unit deposits[12] - Cash received from sales of goods and services totaled ¥902.36 million, compared to ¥607.04 million in the previous year, reflecting a growth of approximately 48.5%[37] - The cash paid for purchasing goods and services was ¥632.53 million, which is a substantial increase from ¥278.26 million in the previous year, representing an increase of approximately 127.5%[38] Investments and Acquisitions - The acquisition of a 65% stake in Xinjiang Lihua Green Source New Energy Co., Ltd. was approved, with a transaction value of ¥9,500,000.00[14] - The company plans to raise up to ¥800 million through asset securitization to supplement working capital[12] Other Financial Metrics - Operating costs increased by 36.77% to ¥921,963,784.07, primarily due to higher depreciation and coal costs[12] - Sales expenses rose by 31.64% to ¥22,705,494.05, mainly due to increases in depreciation, leasing fees, and labor costs[12] - The company has ongoing projects and investments in fixed assets, with a total of approximately CNY 14.731 billion as of March 31, 2018[26] - The total comprehensive income for the first quarter of 2018 was approximately ¥98.81 million, compared to ¥159.40 million in the previous period, indicating a decrease[36]

Financial Performance - Operating revenue for the first nine months rose by 8.32% to CNY 2,874,955,962.55 year-on-year[7] - Net profit attributable to shareholders increased by 5.00% to CNY 287,224,469.42 for the first nine months[7] - Basic earnings per share increased by 5.30% to CNY 0.318[7] - The company reported a total of 1.5 billion RMB in other current liabilities, an increase from 1.4 billion RMB at the beginning of the year[25] - The company's total revenue for the first nine months of 2017 reached ¥2,510,171,756.47, an increase of 7.8% from ¥2,329,838,062.26 in the same period last year[34] - The operating costs for the first nine months of 2017 were ¥1,708,592,296.95, up from ¥1,564,794,391.16, indicating a rise of 9.2%[34] - The company's financial expenses for the first nine months of 2017 were ¥270,726,075.37, a decrease of 4.4% compared to ¥283,151,522.60 in the previous year[34] Cash Flow - Cash flow from operating activities surged by 57.55% to CNY 833,296,152.53 compared to the same period last year[7] - Net cash flow from operating activities increased by 57.55% to ¥833,296,152.53, driven by higher cash receipts from sales of goods and services[13] - Cash inflow from operating activities reached CNY 3,443,274,095.40, an increase of 28% compared to CNY 2,694,893,206.04 in the previous year[37] - The net cash flow from operating activities was CNY 833,296,152.53, up from CNY 528,899,511.59, representing a growth of 57.6%[37] - The total cash outflow from operating activities was CNY 2,108,040,629.00, compared to CNY 1,908,347,698.45 in the previous year[41] - The company’s cash flow from operating activities showed a strong performance with a net increase of CNY 1,095,178,304.08, compared to CNY 294,377,807.77 in the previous year[41] Assets and Liabilities - Total assets increased by 4.12% to CNY 20,207,449,019.60 compared to the end of the previous year[7] - Accounts receivable increased by 133.67% to ¥556,359,653.91, primarily due to the increase in receivables from electricity and heating fees[12] - Inventory rose by 39.50% to ¥890,340,259.55, mainly attributed to the increase in unfinished construction projects in the building industry[12] - Short-term borrowings surged by 2,310.00% to ¥1,205,000,000.00, primarily to supplement working capital[12] - The company's total liabilities reached approximately 15.14 billion RMB, up from 14.53 billion RMB at the beginning of the year[25] - Total liabilities increased to CNY 14.15 billion from CNY 13.57 billion, representing a growth of approximately 4.3%[28] Shareholder Information - The number of shareholders reached 58,727 by the end of the reporting period[9] - The largest shareholder, Xinjiang Tianfu Group, holds 37.20% of the shares, with 20 million shares pledged[9] - The company has not issued preferred shares, and there are no related party transactions among the top ten shareholders[10] Investment Activities - Investment activities generated a net cash outflow of ¥416,449,217.75, a significant improvement of 85.00% compared to the previous year, due to reduced expenditures on fixed assets and intangible assets[13] - The company plans to issue up to 245,718,431 shares at a price of ¥6.89 per share, raising a total of up to ¥1,693 million for repaying bank loans and corporate bonds[14] - The company approved the construction of the Tianfu Power Plant Phase I project with a total investment not exceeding ¥350 million, funded by bank loans and self-raised funds[17] Other Income and Expenses - The company reported a 34.41% increase in non-operating income to ¥58,123,399.50, primarily due to increased government subsidies[12] - The company reported a significant increase in other income for the first nine months of 2017, totaling ¥36,072,522.17, compared to ¥27,367,146.92 in the same period last year, an increase of 31.5%[34] - The company experienced a decrease in tax expenses for Q3 2017, amounting to ¥21,247,119.79, compared to ¥19,476,178.86 in Q3 2016, reflecting an increase of 9.1%[32]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,894,510,331.13, representing a 10.29% increase compared to ¥1,717,793,184.43 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was ¥149,975,945.57, up 15.27% from ¥130,113,332.34 in the previous year[17]. - The total revenue for the reporting period was 1.895 billion RMB, representing a year-on-year growth of 10.29%[30]. - The net profit attributable to shareholders was 150 million RMB, an increase of 15.27% year-on-year, with earnings per share of 0.17 RMB, up 21.43%[30]. - The company reported a total profit of 1.879 billion RMB, reflecting a year-on-year growth of 15.59%[30]. - Operating profit for the current period was ¥186,836,966.97, representing a 29.0% increase from ¥144,807,315.57 in the previous period[132]. - Net profit for the current period was ¥150,837,508.69, an increase of 14.9% compared to ¥131,124,442.69 in the prior period[133]. - The company reported a total of ¥32,931,353.28 in government subsidies recognized in the current period, excluding those related to normal business operations[20]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥639,669,982.50, a significant increase from a negative cash flow of ¥28,037,621.41 in the same period last year, marking a 2,381.47% improvement[17]. - The net cash flow from operating activities for the first half of 2017 was ¥842,428,366.88, compared to a negative cash flow of ¥122,752,924.55 in the same period of the previous year[141]. - Cash flow from operating activities totaled ¥1,940,991,474.02, up 26.1% from ¥1,539,836,704.60 in the previous period[138]. - The company reported a net increase in cash and cash equivalents of ¥562,338,849.89, compared to an increase of ¥204,540,077.53 in the same period last year[141]. - Cash and cash equivalents increased to approximately 2.35 billion RMB, up from 1.82 billion RMB in the previous year[126]. Assets and Liabilities - The total assets at the end of the reporting period were ¥20,521,723,952.35, which is a 5.73% increase from ¥19,408,646,937.25 at the end of the previous year[17]. - Total liabilities amounted to ¥15,491,203,071.76, up from ¥14,528,963,565.35, indicating an increase of approximately 6.64%[127]. - Current liabilities rose to ¥5,476,045,702.68, compared to ¥4,072,369,486.66, marking an increase of about 34.5%[127]. - Non-current liabilities decreased to ¥10,015,157,369.08 from ¥10,456,594,078.69, a decline of approximately 4.22%[127]. - The company's retained earnings grew to ¥1,127,513,619.66 from ¥977,537,674.09, an increase of about 15.3%[128]. Shareholder Information - The company plans to maintain a cash dividend policy, ensuring that annual cash dividends do not fall below 10% of the distributable profit, subject to profitability and legal requirements[58]. - The company allocated 31,977,855 million RMB for profit distribution to shareholders during the current period[147]. - The total number of ordinary shareholders at the end of the reporting period was 61,189[98]. - The largest shareholder, Xinjiang Tianfu Group Co., Ltd., held 336,879,787 shares, representing 37.20% of the total shares[100]. Investments and Financing - The company successfully raised 749.44 million RMB through its second asset-backed special plan, with a priority issuance scale of 624 million RMB at an expected annual yield of 5.78%[27]. - The company plans to enhance its investment in the natural gas sector and expand its gas station layout in other regions of Xinjiang[23]. - The company raised ¥1,887,500,000.00 through a private placement of 25 million shares at ¥7.55 per share, primarily for the Tianfu South Thermal Power Project[52]. - The company plans to issue short-term financing bonds not exceeding RMB 600 million, with the issuance period determined by the board of directors[86]. Risk Management - The company anticipates risks from coal market fluctuations due to ongoing capacity reduction policies, which may impact fuel cost control[46]. - The company is responding to electricity market risks by applying for market access to the Xinjiang Electricity Trading Center to enhance its sales capabilities[47]. - The company faces overcapacity risks with the commissioning of two 660MW generating units, which may affect profitability if regional economic growth does not match electricity supply[48]. Related Party Transactions - The company reported a total of 11,112.65 million RMB in related party transactions, primarily involving sales of goods and services at market prices[63]. - The company engaged in related party transactions with Xinjiang Tianfu Group and its subsidiaries, with transaction amounts including 698.79 million RMB for purchasing goods and 6,492.49 million RMB for labor services[62]. - The company’s related party transactions included 1,040.93 million RMB in sales to Xinjiang Tianfu Sunshine Biotechnology Co., a joint venture[63]. Corporate Governance - The company appointed Lixin Certified Public Accountants as the auditing firm for the 2017 fiscal year, approved during the board meeting on April 26, 2017[59]. - There were no significant lawsuits or arbitration matters reported during the reporting period[59]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period[61]. Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status and operating results[162]. - The company recognizes cash and cash equivalents based on criteria including short maturity and high liquidity, ensuring they can be readily converted to known amounts of cash[173]. - The company applies a perpetual inventory system for inventory management[186].

Financial Performance - The company's operating revenue for 2016 was CNY 3,636,038,874.56, representing a 4.36% increase compared to CNY 3,483,969,145.89 in 2015[20] - The net profit attributable to shareholders for 2016 was CNY 312,617,962.00, a slight increase of 0.05% from CNY 312,468,807.75 in 2015[20] - The total assets of the company at the end of 2016 reached CNY 19,408,646,937.25, marking a 12.18% increase from CNY 17,301,512,193.63 in 2015[20] - The basic earnings per share for 2016 remained at CNY 0.35, unchanged from 2015[22] - The weighted average return on equity for 2016 was 6.69%, a decrease of 0.26 percentage points from 6.95% in 2015[22] - The net cash flow from operating activities for 2016 was CNY 606,965,816.97, a decrease of 6.03% from CNY 645,937,421.43 in 2015[20] - The net assets attributable to shareholders at the end of 2016 were CNY 4,752,650,840.98, reflecting a 2.85% increase from CNY 4,621,172,196.18 in 2015[20] - The company achieved a total revenue of 3.636 billion RMB, representing a year-on-year growth of 4.36%[47] - The total profit amounted to 381 million RMB, with a slight increase of 0.04% compared to the previous year[47] - The net profit attributable to shareholders was 313 million RMB, reflecting a year-on-year increase of 0.05%[47] Operational Efficiency - The average utilization hours of the company’s power generation units increased to 5,173 hours in 2016, up by 901 hours year-on-year[29] - The company achieved a comprehensive line loss rate of 2.29%, a decrease of 0.58 percentage points year-on-year, and increased the utilization hours of its power generation units by 901 hours to 5,173 hours[38] - The company reduced its coal consumption to 325 grams per kilowatt-hour, a decrease of 17 grams per kilowatt-hour compared to the previous year, and effectively controlled coal costs[39] - The company invested approximately 190 million yuan in energy conservation and environmental protection, ensuring that all operational units met pollution discharge standards[41] - The company completed the construction of various projects, including a 20,000-kilowatt distributed photovoltaic project, increasing its total installed capacity to 1,853,000 kilowatts, an increase of 20,000 kilowatts year-on-year[42] - The company achieved significant savings in electricity purchase costs, exceeding 12 million yuan by reducing the amount of electricity purchased from the State Grid by 62.76 million kilowatt-hours[38] Market Expansion and Development - The company plans to enhance its market share in the heating sector by providing diversified energy supply models starting in 2017[32] - The company is actively expanding its gas station network in Xinjiang, aligning with the national "Gasification Xinjiang" initiative[33] - The company plans to generate 95.7 billion kWh of electricity and supply 100 billion kWh in 2017, with a heat supply of 24 million GJ and natural gas supply of 120 million cubic meters[91] - The company aims to maintain a collection rate for electricity and heat fees of no less than 98% in 2017[91] - The company will focus on expanding its electricity, heat, and natural gas businesses while adapting to the evolving market landscape due to electricity system reforms[86] Financial Management and Investments - The company issued short-term financing bonds totaling 6 billion yuan with interest rates ranging from 3.00% to 3.76% to support its financing needs[44] - The company plans to issue up to 336,194,559 shares at a price of 6.99 RMB per share, aiming to raise no more than 2.35 billion RMB[45] - The company reported a decrease in financial expenses by 19.24% to 387.6 million RMB compared to the previous year[49] - Long-term borrowings increased by 62.26% to 5,504,237,846.60 CNY, driven by project financing[61] - The company reported a 51.94% increase in natural gas purchase costs, totaling 148,785,775.79 CNY[57] Corporate Governance and Compliance - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[110] - The company has not faced any risks of suspension or termination of its listing status[110] - The company disclosed a total of CNY 17,604.21 million in related party transactions, primarily involving the purchase and sale of goods and services at market prices[114] - The company confirmed that there were no significant accounting errors or changes in accounting policies that would affect its financial statements[108] - The company has engaged in various related party transactions with its subsidiaries, including purchasing goods and accepting services, with amounts ranging from CNY 0.21 to CNY 4,929.42 million[113] Social Responsibility and Environmental Initiatives - The company maintained a strong commitment to social responsibility, receiving recognition as an advanced unit in environmental target responsibility assessment in 2016[35] - The company has invested over 100 million yuan annually in energy conservation and environmental protection initiatives[147] - All coal-fired power plants have implemented pollution control measures, achieving compliance with national emission standards[148] - The company has successfully completed the transformation of all coal-fired units to reduce nitrogen oxide emissions, achieving levels below 60 mg/Nm3[147] - The company actively participates in social responsibility initiatives, including military-civilian cooperation and community support[146] Shareholder Relations and Dividends - The company plans to distribute a cash dividend of CNY 1.07 per 10 shares, totaling CNY 96,909,534.70[3] - The cash dividend policy stipulates a minimum distribution of 10% of the distributable profits, with a cash dividend of 2.00 RMB per 10 shares distributed in 2015, totaling approximately 181.14 million RMB[101] - In 2016, the company distributed a cash dividend of 1.07 RMB per 10 shares, amounting to approximately 96.91 million RMB, representing 31% of the net profit attributable to ordinary shareholders[102] - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining a consistent approach to shareholder returns[101] Human Resources and Management - The total number of employees in the parent company is 2,938, while the total number of employees in major subsidiaries is 1,722, resulting in a combined total of 4,660 employees[185] - The company has established a competitive and incentive-based salary distribution system, with employee income primarily consisting of fixed monthly salary, performance bonuses, and various allowances[186] - The training program has achieved a completion rate of 92%, with 6,500 training sessions conducted by the end of December 2016[188] - The total compensation for all directors and senior management during the reporting period amounted to 2.333 million yuan[180] - The compensation structure for senior management is determined based on performance evaluations and is approved by the board of directors[180] Strategic Planning and Future Outlook - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[174] - The company has outlined a clear growth strategy for the upcoming fiscal year, focusing on market expansion and product diversification[174] - The company aims to improve its financial performance by optimizing operational efficiency and reducing costs[174] - The company is committed to innovation and is investing in research and development for new products[174] - The company is enhancing its customer service capabilities to improve client satisfaction and retention[174]