Financial Performance - The company's operating revenue for Q1 2023 was ¥79,575,694.97, representing a year-on-year increase of 4.36%[5] - The net profit attributable to shareholders decreased by 5.59% to ¥17,163,359.68[5] - The basic and diluted earnings per share were both ¥0.035953, down by 5.59% compared to the same period last year[6] - Total operating revenue for Q1 2023 was CNY 79,575,694.97, an increase of 4.8% compared to CNY 76,249,764.07 in Q1 2022[21] - Net profit for Q1 2023 was CNY 17,321,411.84, a decrease of 9.5% from CNY 19,143,905.49 in Q1 2022[22] - Earnings per share remained stable at CNY 0.04 for both Q1 2023 and Q1 2022[23] - The company reported a decrease in investment income to CNY 8,367,526.62 in Q1 2023, compared to CNY 12,102,583.52 in Q1 2022[22] - Tax expenses for Q1 2023 were CNY 5,578,874.11, down from CNY 6,372,345.31 in Q1 2022, indicating a reduction of 12.5%[22] - Other comprehensive income for Q1 2023 was CNY 13,046.35, a recovery from a loss of CNY 26,609.76 in Q1 2022[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥188,524,802.92, a decline of 39.41% year-on-year[9] - Cash inflow from operating activities in Q1 2023 was CNY 73,239,562.54, down 50.3% from CNY 147,332,567.54 in Q1 2022[24] - The company experienced a decline in cash received from sales of goods and services, totaling CNY 57,060,950.92 in Q1 2023, compared to CNY 88,373,108.00 in Q1 2022[24] - The net cash flow from operating activities was -188,524,802.92 RMB, compared to -135,229,281.08 RMB in the previous year, indicating a decline in operational cash flow[25] - Total cash and cash equivalents at the end of the period were 202,165,984.30 RMB, down from 263,553,215.28 RMB at the beginning of the year[26] - The net cash flow from investing activities was -56,366,518.19 RMB, a significant decrease from 75,015,583.00 RMB in the previous year, reflecting reduced investment returns[25] - Cash inflow from financing activities was 509,571,363.55 RMB, a substantial increase from 24,845,000.00 RMB in the previous year, indicating stronger financing efforts[25] - The cash outflow for financing activities was 617,218,423.91 RMB, compared to 437,474,794.78 RMB in the previous year, reflecting increased debt repayments[25] - The net cash flow for the period was -352,538,382.29 RMB, an improvement from -472,843,493.22 RMB in the previous year, indicating better cash management[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,526,279,477.32, down by 3.18% from the end of the previous year[6] - The company's current assets totaled RMB 958,230,454.52, down from RMB 1,279,948,913.14, indicating a decrease of about 25.1%[16] - Cash and cash equivalents decreased significantly from RMB 554,704,366.59 to RMB 202,165,984.30, a reduction of approximately 63.6%[16] - The company's total liabilities decreased from RMB 952,336,952.48 to RMB 857,208,701.00, a decline of approximately 10%[18] - The equity attributable to shareholders increased from RMB 1,634,111,756.30 to RMB 1,651,520,643.37, reflecting a growth of about 1%[18] - The company reported a total of 1,329,401,368.58 RMB in non-current assets, showing a slight increase from the previous period[29] - Total liabilities amounted to ¥952,336,952.48, a decrease of ¥4,739,514.89 compared to the previous period[30] - Non-current liabilities totaled ¥92,070,260.25, reflecting a decrease of ¥4,739,514.89[30] - Total equity attributable to shareholders reached ¥1,634,111,756.30, with a slight decrease of ¥232,481.03[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,591[10] - The largest shareholder, Shanghai Shentong Metro Group Co., Ltd., holds 58.43% of the shares[11] Company Operations - The company did not report any new product developments or market expansion strategies in this quarter[4] - The company adopted new accounting standards starting January 1, 2023, which may affect financial reporting and comparisons[26] - The report was officially announced by the board of Shanghai Shentong Metro Co., Ltd. on April 26, 2023[30]

Financial Performance - The company's operating revenue for 2022 was CNY 343,133,079.14, a decrease of 1.54% compared to CNY 348,499,297.51 in 2021[22] - The net profit attributable to shareholders for 2022 was CNY 72,810,744.58, representing a slight increase of 0.58% from CNY 72,388,872.87 in 2021[22] - The net cash flow from operating activities significantly decreased by 87.52% to CNY 77,154,046.61 from CNY 618,193,361.46 in the previous year[22] - The total assets of the company at the end of 2022 were CNY 2,609,350,281.72, down 11.41% from CNY 2,945,440,768.51 at the end of 2021[22] - The net assets attributable to shareholders increased by 3.18% to CNY 1,634,111,756.30 from CNY 1,583,703,325.55 in 2021[22] - Basic earnings per share for 2022 was CNY 0.152521, a 0.58% increase compared to CNY 0.151637 in 2021[23] - The diluted earnings per share for 2022 also stood at CNY 0.152521, reflecting the same 0.58% increase year-over-year[23] - The net profit attributable to shareholders for Q4 2022 was CNY 16,078,264.27, down from CNY 20,105,475.01 in Q3 2022[25] - The weighted average return on equity for 2022 was 4.49%, a decrease of 0.15 percentage points from 4.64% in 2021[23] Cash Flow and Liquidity - The company reported a decrease in the operating cash flow, indicating potential liquidity challenges moving forward[22] - The net cash flow from operating activities decreased significantly, with a net outflow of CNY 135,229,281.08 in Q1 2022[25] - Cash outflow from operating activities increased by 44.04% to 805,093,148.19, mainly due to increased factoring business[79] - The company reported a net cash outflow from financing activities of -452.85 million, primarily due to debt repayment, which increased by 836.90% compared to the previous period[80] - The net increase in cash and cash equivalents was -181.38 million, attributed to a decrease in cash inflows from operating activities and an increase in cash outflows for debt repayment[80] Business Expansion and Strategy - The company plans to establish Shanghai Metro Commercial Factoring Co., Ltd. with a registered capital reduction of ¥360 million for its leasing subsidiary[40] - The company is expanding its business in the new energy sector, focusing on distributed photovoltaic power generation and charging stations[39] - The company is involved in the integration of the Yangtze River Delta and the Guangdong-Hong Kong-Macau Greater Bay Area, establishing a joint venture for public transport services[43] - The company aims to strengthen its core business and maintain confidence in development amidst ongoing reforms and strategic arrangements[31] - The company is actively expanding its market presence, including the establishment of a joint venture with Sichuan Development Rail Transit Investment Co., Ltd.[45] New Energy Initiatives - The new energy business achieved revenue of approximately CNY 28.27 million in 2022, a year-on-year increase of 74%[52] - The company’s photovoltaic projects generated a total of approximately 40.97 million kWh of electricity in 2022, saving about 11,461.78 tons of standard coal and reducing CO2 emissions by approximately 17,206.19 tons[53] - The company constructed 110 charging piles, providing charging services over 26,000 times in 2022, with a total charging volume of 280,000 kWh[57] - The company plans to explore the application of carbon market trading to enhance the economic value of green travel for passengers[55] Risk Management and Compliance - The company has outlined potential risks in its annual report, urging investors to pay attention to these factors[7] - The company has implemented stricter measures for managing risks associated with financing lease and commercial factoring businesses[196] - The company has revised its internal control systems to enhance risk prevention capabilities and ensure compliance with regulatory requirements[138] - The company has committed to continuous improvement of its internal control systems to support sustainable growth[179] Corporate Governance - The controlling shareholder, Shentong Metro Group, has committed to ensuring the independence of the listed company in terms of personnel, assets, finance, organization, and business, which remains effective and unchangeable during its period as the controlling shareholder[140] - The company has established a mechanism for independent directors to provide opinions on profit distribution proposals[171] - The company has emphasized the protection of minority shareholders' rights during profit distribution discussions[174] - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of its interests[192] Social Responsibility and ESG - The company has been recognized for its ESG practices, being selected as an excellent case in the 2022 ESG practices by the China Association of Public Companies[139] - The company invested approximately 29.5 million yuan in environmental protection during the reporting period[183] - The company has implemented carbon reduction measures, achieving a reduction of 17,206 tons of CO2 equivalent through the investment in photovoltaic projects[185] - The company has been actively involved in the national poverty alleviation strategy, ensuring timely and sufficient funding for targeted poverty alleviation projects[187] Future Outlook - The company expects revenue of approximately 357 million yuan and operating costs of about 245 million yuan in 2023[127] - The company plans to establish three new photovoltaic projects and aims to implement its first photovoltaic project outside of Shanghai Metro[125] - The company aims to enhance its public transportation operation capabilities while expanding into cultural tourism and public transport markets domestically[125] - The company’s future outlook remains positive, contingent on the successful implementation of its new strategies and leadership[150]

届时公司的董事、总经理金卫忠先生、独立董事曹永勤女士、 副总经理朱稳根先生、董事会秘书孙斯惠先生将通过网络在线交 流形式与投资者就公司治理、发展战略、经营状况、融资计划和 可持续发展等投资者关注的问题进行沟通。 欢迎广大投资者积极参与。 上海申通地铁股份有限公司 2023 年 4 月 28 日 证券代码：600834 证券简称：申通地铁 公告编号：临 2023-012 上海申通地铁股份有限公司 关于参加 2023 年上海辖区上市公司 年报集体业绩说明会的公告 为进一步加强与广大投资者的沟通交流，上海申通地铁股份 有限公司（以下简称"公司"）将参加"2023 年上海辖区上市公 司年报集体业绩说明会"活动，现将有关事项公告如下： 本次业绩说明会活动将采取网络的方式举行，投资者可以登 录"上证路演中心"网站（http://roadshow.sseinfo.com）或关 注微信公众号上证路演中心参与活动，活动时间为 2023 年 5 月 10 日（周三）15:00 至 17:00。 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥89,308,273.97, a decrease of 6.04% compared to the same period last year[5] - The net profit attributable to shareholders for the same period was ¥20,105,475.01, down 3.15% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥19,797,153.18, reflecting a decline of 5.08% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.04212, a decrease of 3.15% year-on-year[6] - Net profit for the first three quarters of 2022 was ¥59,332,559.22, down from ¥61,256,233.55 in the same period of 2021, representing a decrease of approximately 3.15%[26] - Operating revenue for the first three quarters of 2022 was ¥245,784,477.71, compared to ¥249,994,423.62 in 2021, reflecting a decline of about 1.33%[25] - The company reported a total comprehensive income of ¥58,804,690.00 for the third quarter, down from ¥61,172,221.14 in the previous year, a decrease of about 2.24%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,563,834,687.06, a decrease of 12.96% from the end of the previous year[6] - Total assets decreased from ¥2,945,440,768.51 to ¥2,563,834,687.06, a decline of approximately 12.92%[21] - Total liabilities decreased from ¥1,345,647,108.97 to ¥927,195,905.15, a reduction of about 31.06%[21] - Non-current assets totaled ¥1,494,411,834.71, down from ¥1,637,774,313.74, representing a decrease of approximately 8.7%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥20,203,437.57, indicating a significant cash outflow[6] - Operating cash inflow for the first three quarters of 2022 was CNY 762,533,995.98, a significant increase from CNY 233,856,652.89 in the same period of 2021, representing a growth of approximately 226.5%[29] - The net cash flow from operating activities was negative CNY 20,203,437.57, an improvement compared to negative CNY 95,430,735.20 in the first three quarters of 2021[29] - Total cash outflow from operating activities was CNY 782,737,433.55, up from CNY 329,287,388.09 in the previous year, representing an increase of approximately 137.5%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,495[12] - The largest shareholder, Shanghai Shentong Metro Group Co., Ltd., held 58.43% of the shares[13] - A cash dividend of ¥0.46 per share was distributed to shareholders, totaling ¥21,959,567.63 based on 477,381,905 shares[15] Investments and Strategic Moves - The company is in the process of transferring a 27.5% stake in Shanghai Shiyou Commercial Factoring Co., with an estimated value of ¥138.05 million[16] - The company plans to establish Shanghai Metro Commercial Factoring Co., indicating a strategic move into new business areas[17] - The company received government subsidies amounting to ¥3,615,251.09 year-to-date, which are closely related to its normal business operations[8] Changes in Financial Metrics - The weighted average return on equity was 1.25%, down 0.08 percentage points compared to the previous year[6] - Financial expenses increased significantly from ¥4,048,704.12 to ¥9,767,417.11, an increase of about 141.88%[26] - Other comprehensive income after tax showed a loss of ¥527,869.22, compared to a loss of ¥84,012.41 in the previous year[27] - The total equity attributable to shareholders increased from ¥1,583,703,325.55 to ¥1,617,948,369.01, an increase of approximately 2.15%[22] Changes in Current Assets - As of September 30, 2022, the company's cash and cash equivalents amounted to ¥453,948,633.93, a decrease of approximately 38.4% from ¥736,396,708.50 on December 31, 2021[19] - Accounts receivable increased to ¥27,681,425.57 from ¥9,609,619.86, indicating a significant rise in receivables[20] - Inventory rose to ¥23,503,550.23 compared to ¥16,981,551.97, reflecting a growth of approximately 38.5%[20] - Total current assets decreased to ¥1,069,422,852.35 from ¥1,307,666,454.77, a decline of about 18.2%[20]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 156,476,203.74, representing a 0.99% increase compared to CNY 154,943,986.91 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 36,627,005.30, showing a slight decrease of 0.11% from CNY 36,667,817.83 year-on-year[21]. - Basic earnings per share for the first half of 2022 were CNY 0.076725, a decrease of 0.11% compared to CNY 0.076810 in the same period last year[22]. - The weighted average return on equity decreased to 2.29%, down 0.11 percentage points from 2.40% in the previous year[22]. - The net profit for the first half of 2022 was 15.1 million yuan, a decrease of 56.35% year-on-year due to the impact of the pandemic[40]. - The company reported a net cash outflow from operating activities of CNY -172,252,022.41, compared to a net inflow of CNY 5,219,006.53 in the first half of 2021[143]. - The company reported a total comprehensive income of 36,407,153.37 RMB for the first half of 2022, compared to 36,575,902.69 RMB in the same period of 2021[149]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly to CNY -172,252,022.41, compared to CNY 5,219,006.53 in the previous year, a decline of 3,400.48%[21]. - Cash flow from investing activities showed a net inflow of CNY 123,943,520.56, an increase from CNY 13,310,329.37 in the same period of 2021[144]. - Cash flow from financing activities resulted in a net outflow of CNY -428,229,558.11, compared to a net outflow of CNY -9,631,527.62 in the first half of 2021[144]. - The financing leasing company achieved operating income of 39.51 million yuan in the first half of 2022, a decrease of 17.79% compared to the previous year[46]. - New investment projects totaled 22 million yuan in the first half of 2022, down 12% from the previous year[46]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,562,559,528.49, down 13.00% from CNY 2,945,440,768.51 at the end of the previous year[21]. - The company's total current liabilities decreased by 32.59% to 860,018,063.48 RMB compared to the previous period[54]. - The company's total liabilities decreased from CNY 1,345,647,108.97 to CNY 947,577,919.15, a decline of approximately 30%[132]. - The company’s cash and cash equivalents at the end of the reporting period were 637,689.16 RMB, restricted due to guarantee deposits[56]. - The company’s total assets increased by 45.68% to 1,102.8 million yuan in the first half of 2022 compared to the same period in 2021[40]. Business Operations - The company operates in the transportation, warehousing, and postal industry, focusing on public transport operation management, new energy-related businesses, and financing leasing[28]. - The company’s subsidiary, Shenkai Company, provides operation and maintenance services for three types of rail transit: unmanned subways, airport express systems, and trams[28]. - The company’s new energy division is involved in distributed photovoltaic power generation and charging station projects, leveraging rooftop resources of subway stations[29]. - The company aims to expand its business in the Yangtze River Delta region and actively pursue energy-saving and environmental protection initiatives[32]. - The company has established a joint venture for rail transit product certification and technical testing, enhancing its service offerings[30]. Safety and Risk Management - The company emphasizes safety in operations, implementing a comprehensive safety management system and enhancing employee training to prevent accidents[67]. - The company has implemented emergency management plans to improve employees' emergency response capabilities, enhancing overall safety management[69]. - The company conducts regular safety drills and assessments to ensure preparedness for various operational risks, including seasonal and environmental factors[69]. - The financing leasing subsidiary faces market risks due to increased competition, which the company aims to mitigate by adhering to industry regulations and enhancing risk control measures[72]. Shareholder and Corporate Governance - The company held its first temporary shareholders' meeting on May 26, 2022, via communication methods due to pandemic control requirements, with no proposals rejected or modified[79]. - The company elected new board members, including Xu Zibin as vice chairman and Jin Weizhong and Fan Xiaohu as directors, following the resignation of several key personnel[80][81][82]. - The company’s major shareholder, Shanghai Shentong Metro Group Co., Ltd., abstained from voting on related party transactions during the shareholders' meeting[79]. - The company will continue to respect the independent legal status of the listed company and ensure its independent operation and decision-making[89]. Environmental Initiatives - The company is expanding its green energy initiatives through its wholly-owned subsidiary, focusing on photovoltaic projects and energy-saving renovations in rail transit[70]. - The company reported a cumulative generation of approximately 73.51 million kWh from photovoltaic projects since the establishment of its wholly-owned subsidiary, saving about 30,874 tons of standard coal and reducing CO2 emissions by approximately 21,171 tons[86]. - The company plans to continue its investment in energy-saving and environmental protection services through its subsidiary, focusing on distributed photovoltaic power generation and energy-saving renovations[86]. Accounting and Financial Reporting - The company has not experienced any significant impact on its financial statements due to the adoption of the new accounting standards effective January 1, 2022[113]. - The company has maintained its total share capital and structure without any changes during the reporting period[115]. - The company recognizes financial instruments upon becoming a party to the financial instrument contract[175]. - The company applies the accounting treatment for business combinations under common control and non-common control[165][166].

Financial Performance - The company's operating revenue for Q1 2022 was ¥76,249,764.07, representing a year-on-year increase of 4.32%[5] - The net profit attributable to shareholders for Q1 2022 was ¥18,180,415.65, reflecting a growth of 22.81% compared to the same period last year[5] - The basic earnings per share for Q1 2022 was ¥0.04, which is an increase of 22.81% year-on-year[6] - The weighted average return on equity increased by 0.45 percentage points to 1.14%[6] - The total operating revenue for Q1 2022 was CNY 76,249,764.07, an increase of 2.9% compared to CNY 73,094,864.75 in Q1 2021[20] - The operating profit for Q1 2022 was CNY 13,726,751.14, compared to CNY 7,272,411.76 in Q1 2021, reflecting a significant improvement[20] - In Q1 2022, the company's net profit reached CNY 19,143,905.49, a 28.9% increase from CNY 14,969,807.51 in Q1 2021[22] - Operating profit for Q1 2022 was CNY 25,516,250.80, up 28.0% compared to CNY 19,871,053.97 in the same period last year[22] - The company’s total comprehensive income for Q1 2022 was CNY 19,117,295.73, compared to CNY 14,936,355.29 in Q1 2021, reflecting a growth of 27.1%[22] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,561,644,551.43, a decrease of 13.03% from the end of the previous year[6] - The total assets as of March 31, 2022, were CNY 2,561,644,551.43, a decrease from CNY 2,945,440,768.51 as of December 31, 2021[17] - The total liabilities as of March 31, 2022, were CNY 942,843,097.72, down from CNY 1,345,647,108.97 as of December 31, 2021[16] - The company reported a decrease in total equity attributable to shareholders to ¥1,601,801,285.65, an increase of 1.14% compared to the end of the previous year[6] Cash Flow - The net cash flow from operating activities was negative at -¥135,229,281.08, which is not applicable for year-on-year comparison[5] - The company reported a net cash outflow from operating activities of CNY -135,229,281.08, compared to CNY -14,284,871.67 in Q1 2021[26] - Cash and cash equivalents at the end of Q1 2022 were CNY 263,553,215.28, down from CNY 736,396,708.50 at the beginning of the quarter[26] - Investment activities generated a net cash inflow of CNY 75,015,583.00, contrasting with a net outflow of CNY -15,281,044.00 in the previous year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,024[10] - Shanghai Shentong Metro Group Co., Ltd. held 58.43% of the shares, making it the largest shareholder[10] Government Subsidies and Investments - The company received government subsidies amounting to ¥2,622,556.38, primarily from its financing leasing subsidiary[7] - The company plans to invest CNY 25.5 million to establish a joint venture with Sichuan Development Rail Transit Industry Investment Co., holding a 51% stake[12] Financial Expenses - The company incurred financial expenses of CNY 3,225,045.30, which is a significant increase from CNY 1,324,035.01 in Q1 2021[22] Capital Changes - The company reduced its paid-in capital in the Jianyuan Fund by CNY 100 million during the reporting period[11] - The company has no external guarantees as of the reporting period, following the early settlement of related transactions by its wholly-owned subsidiary[12] Non-Current Assets - The non-current assets totaled CNY 1,699,562,213.09 as of March 31, 2022, an increase from CNY 1,637,774,313.74 as of December 31, 2021[16]

Financial Performance - Basic earnings per share for 2021 were 0.151637 yuan, a decrease of 1.94% compared to 2020 [21]. - The weighted average return on equity was 4.64%, down by 0.26 percentage points from the previous year [21]. - The company's operating revenue for 2021 was CNY 348,499,297.51, representing a 15.64% increase compared to CNY 301,365,210.15 in 2020 [22]. - The net profit attributable to shareholders for 2021 was CNY 72,388,872.87, a slight decrease of 1.94% from CNY 73,820,341.02 in 2020 [22]. - The net cash flow from operating activities for 2021 was CNY 618,193,361.46, a significant improvement from a negative CNY 115,519,738.17 in 2020, marking a 635.14% increase [22]. - The total assets at the end of 2021 were CNY 2,945,440,768.51, up 3.52% from CNY 2,845,175,583.15 at the end of 2020 [33]. - The net assets attributable to shareholders increased by 3.23% to CNY 1,583,703,325.55 at the end of 2021, compared to CNY 1,534,113,305.63 at the end of 2020 [22]. - The company's total share capital remains unchanged after the dividend distribution [4]. - The company reported a total revenue of 3,146 million CNY for the year, maintaining the same level as the previous year [134]. Cash Dividends - The company distributed a cash dividend of 0.46 yuan per 10 shares, totaling approximately 21.96 million yuan, which accounts for 30.34% of the net profit attributable to shareholders for the year [4]. - The company maintains a cash dividend policy, distributing at least 30% of the net profit attributable to shareholders as cash dividends annually [157]. - The company prioritizes cash dividends over stock dividends in its profit distribution policy [158]. - The cash dividend distribution complies with the company's articles of association, ensuring the protection of minority shareholders' rights [161]. Operational Highlights - The company achieved operating revenue of approximately 230 million RMB and a net profit of about 13.3 million RMB in 2021 [44]. - The company reported a quarterly revenue of CNY 98,504,873.89 in Q4 2021, showing a consistent growth trend throughout the year [24]. - The operating costs for 2021 were CNY 245,855,914.93, which is a 10.51% increase from CNY 222,480,161.83 in 2020 [33]. - The company achieved a significant turnaround in cash flow from operating activities, primarily due to the early settlement of sale-leaseback projects [34]. Market Expansion and Projects - The company is actively expanding its market presence, having signed an operation service contract for Shenzhen Airport and negotiated a memorandum for a project in Makati, Philippines [44]. - The company is focusing on renewable energy projects, including distributed photovoltaic power generation and charging stations for electric vehicles [38]. - The company is leveraging its rooftop resources for photovoltaic projects, aiming to meet the energy demands of the Shanghai Metro network [42]. - The company has established a joint venture with Shanghai Electric Group, investing 24.5 million RMB to set up a maintenance joint venture [39]. Risk Management and Compliance - The company has outlined potential risks in its annual report, urging investors to pay attention [6]. - The company confirmed no non-operational fund occupation by controlling shareholders or related parties [5]. - There were no violations of decision-making procedures regarding external guarantees [5]. - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations [127]. Corporate Governance - The company was recognized as one of the top 133 listed companies in China for its ESG practices among over 4,000 listed companies [129]. - The company completed the implementation of internal control standards in accordance with the guidelines from the Ministry of Finance and the China Securities Regulatory Commission [129]. - The company’s risk management committee was renamed to the Internal Control Compliance and Risk Management Committee, with updated responsibilities outlined in the company’s articles of association [129]. - The company has a clear succession plan in place for its leadership roles [136]. Leadership and Management Changes - The company has seen a leadership transition with the appointment of Ye Tong as the new chairperson, effective December 8, 2021 [135]. - The company appointed Ye Tong as the chairman of the board and removed Yu Guangyao from the position [136]. - The company reported a significant management change with the removal of Wei Jing from the position of vice general manager [137]. - The company has a strategic committee led by Ye Tong, focusing on the implementation of strategic initiatives [136]. Environmental and Social Responsibility - The company actively participated in poverty alleviation efforts, procuring approximately 5 million yuan and 2.65 million yuan worth of agricultural products from targeted poverty alleviation areas in 2020 and 2021, respectively [169]. - The company received an award for its "Metro + Photovoltaic" demonstration project, highlighting its commitment to renewable energy and sustainable development [168]. - The company invested in renewable energy projects, generating 26.337 million kWh from photovoltaic projects in 2021, saving approximately 7,585.1 tons of standard coal and reducing CO2 emissions by about 11,061.5 tons [167]. Future Outlook - The company plans to implement three solar power projects in 2022, aiming for grid connection by the end of the year [113]. - The company will focus on expanding its "financing leasing + factoring" business, targeting the supply chain finance of Shanghai Metro [113]. - The company aims to enhance its investment management system and project management processes in 2022 [114]. - The company expects to incur a maximum of RMB 91.91 million in related party transactions for the year 2021, with actual transactions amounting to RMB 90.92 million [182].

Financial Performance - The company's operating revenue for Q3 2021 was ¥95,050,436.71, representing a 50.28% increase compared to the same period last year[5] - The net profit attributable to shareholders was ¥20,758,364.77, showing a decrease of 10.48% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,857,679.53, down 8.83% from the previous year[5] - The basic earnings per share for the quarter was ¥0.04348, a decline of 10.48% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥249,994,423.62, an increase from ¥209,022,672.94 in the same period of 2020, representing a growth of approximately 19.5%[23] - Total operating costs for the first three quarters of 2021 were ¥209,743,163.40, up from ¥176,224,967.54 in 2020, indicating an increase of about 19.1%[23] - Net profit for the first three quarters of 2021 was ¥61,256,233.55, compared to ¥70,279,598.82 in 2020, reflecting a decrease of approximately 12.9%[24] - Earnings per share for the first three quarters of 2021 were ¥0.1203, down from ¥0.1361 in the same period of 2020, a decline of about 5.4%[25] - The company’s total comprehensive income for the first three quarters of 2021 was ¥61,172,221.14, compared to ¥70,291,935.25 in 2020, reflecting a decrease of about 12.5%[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,025,858,679.12, an increase of 6.35% from the end of the previous year[6] - As of September 30, 2021, total assets amount to 3,025,858,679.12 RMB, an increase from 2,845,175,583.15 RMB at the end of 2020[19] - Current assets total 386,983,789.48 RMB, up from 322,461,523.54 RMB year-on-year[19] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥1,443,514,642.66, an increase from ¥1,295,366,022.88 at the end of 2020[20] - Total equity attributable to shareholders reached ¥1,568,942,730.88, up from ¥1,534,113,305.63 in the previous year, showing an increase of approximately 2.3%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥95,430,735.20, reflecting a significant decrease of 116.10% compared to the previous year[6] - Cash inflows from operating activities for the first three quarters of 2021 totaled ¥233,856,652.89, a decrease from ¥1,602,343,457.48 in 2020, indicating a significant decline[27] - The net cash flow from operating activities was -$95,430,735.20, a significant decrease compared to $592,769,591.22 in the previous year, indicating a decline in operational efficiency[28] - Cash outflows from operating activities totaled $329,287,388.09, down from $1,009,573,866.26 year-over-year, reflecting reduced operational expenditures[28] - The net cash flow from investing activities was $3,580,728.42, an improvement from -$4,628,508.69 in the same quarter last year, suggesting better investment management[28] - Cash inflows from financing activities amounted to $448,023,435.00, a substantial increase from $201,000,000.00 in the previous year, indicating strong financing efforts[28] - The net cash flow from financing activities was $74,115,347.55, recovering from a negative flow of -$273,506,039.74 in the prior year, showing improved financial stability[29] - The ending cash and cash equivalents balance was $150,063,045.36, down from $632,475,653.23 year-over-year, reflecting liquidity challenges[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 45,782[13] - Shanghai Shentong Metro Group Co., Ltd. holds 278,943,799 shares, accounting for 58.43% of total shares[13] - The company distributed a cash dividend of 0.47 RMB per 10 shares, totaling 22,436,949.54 RMB[15] - The company paid $59,000,493.06 in dividends and interest, an increase from $51,721,771.74, reflecting a commitment to shareholder returns[29] Other Financial Metrics - The company reported a 1,096.07% increase in accounts receivable, indicating a rise in project receivables[10] - The company experienced a 221.96% increase in short-term borrowings, attributed to the issuance of short-term financing bonds[10] - The company recorded a 997.28% increase in non-operating income, primarily from the Pujiang Line project[10] - The company reported a decrease in other current liabilities by 100%, indicating a reduction in project contract liabilities[10] - The company received government subsidies totaling approximately 372.08 thousand RMB from January to September 2021[16] - The company issued a short-term financing bond of 400 million RMB with an interest rate of 2.85%[15] - The company’s long-term receivables stand at 1,020,175,307.02 RMB, compared to 922,460,973.22 RMB in the previous year[19] - The company’s cash and cash equivalents decreased to 150,063,045.36 RMB from 167,786,706.49 RMB[19] - The company experienced a decrease in investment income, reporting ¥41,347,728.61 for the first three quarters of 2021, down from ¥51,280,165.70 in 2020, a decline of approximately 19.4%[23] - The company reported a financial expense of ¥4,048,704.12 for the first three quarters of 2021, compared to a financial income of -¥526,396.60 in the same period of 2020[23] - The company experienced a negative impact of -$1.90 from exchange rate fluctuations on cash and cash equivalents, indicating potential foreign exchange risks[29]

Financial Performance - Basic earnings per share for the first half of 2021 were CNY 0.076810, a decrease of 12.29% compared to CNY 0.087573 in the same period last year[19] - Diluted earnings per share for the first half of 2021 were also CNY 0.076810, reflecting the same 12.29% decrease year-over-year[19] - The net profit attributable to shareholders decreased by 12.29% to ¥36,667,817.83 from ¥41,805,607.73 year-on-year[20] - The company reported a significant increase in management expenses, which rose to ¥16,736,222.26 in the first half of 2021 from ¥11,765,946.14 in the same period of 2020, reflecting a year-on-year increase of 42.3%[123] - The net profit for the first half of 2021 was CNY 38,364,144.00, compared to CNY 47,193,105.93 in the first half of 2020, reflecting a decrease of approximately 18.6%[125] - The profit attributable to shareholders of the parent company was CNY 36,667,817.83, down from CNY 41,805,607.73 in the previous year, indicating a decline of about 12.9%[125] Revenue and Operating Costs - The company's operating revenue for the first half of the year was ¥154,943,986.91, representing a 6.29% increase compared to ¥145,773,167.22 in the same period last year[20] - Total operating revenue for the first half of 2021 reached ¥154,943,986.91, an increase of 6.29% compared to ¥145,773,167.22 in the same period last year[41] - Operating costs increased by 7.26% to ¥110,853,337.21 from ¥103,351,768.56, corresponding to the revenue growth[41] - Total operating costs for the first half of 2021 were ¥132,913,152.07, up from ¥118,107,535.09 in the same period of 2020, reflecting a year-on-year increase of 12.6%[123] Cash Flow - The net cash flow from operating activities decreased significantly due to the repayment of leasing projects that matured in the same period last year[19] - The net cash flow from operating activities significantly dropped by 98.88%, amounting to ¥5,219,006.53 compared to ¥466,159,181.72 in the previous year[20] - Operating cash inflow for the first half of 2021 was CNY 131,482,322.85, a decrease of 88.4% compared to CNY 1,130,948,774.13 in the first half of 2020[130] - Net cash flow from operating activities was CNY 5,219,006.53, down from CNY 466,159,181.72 in the same period last year[130] - Cash inflow from investment activities totaled CNY 27,611,270.16, a decline from CNY 165,256,779.00 in the first half of 2020[131] - Net cash flow from investment activities was CNY 13,310,329.37, significantly lower than CNY 160,255,812.00 in the previous year[131] Assets and Liabilities - The total assets rose by 1.45% to ¥2,886,314,952.95 from ¥2,845,175,583.15 at the end of the previous year[20] - The company's total liabilities were CNY 1,314,198,598.62, compared to CNY 1,287,732,679.92 at the end of 2020, indicating an increase of about 2.0%[116] - The company's total equity reached ¥1,444,722,723.52, slightly down from ¥1,453,281,350.59 at the end of 2020, indicating a decrease of about 0.3%[121] - The company's current assets totaled CNY 365,387,904.90, up from CNY 322,461,523.54 at the end of 2020, reflecting a growth of approximately 13.3%[115] Investments and Projects - The company is involved in new energy projects, including distributed photovoltaic power generation and energy-saving renovations in the rail transit sector[25] - The company plans to establish a new solar power project with a capacity of 12.4 MWp, expected to be operational by the end of 2021[34] - The company has invested in renewable energy projects, including a 12.4 MWp photovoltaic project planned for completion by the end of 2021, aiming to reduce carbon emissions[71] - The company received government subsidies amounting to ¥2,570,781.35, primarily related to its subsidiary's financing leasing business[21] Safety and Management - The company emphasizes safety management in operations, implementing six safety risk training sessions to enhance employee awareness and prevent accidents[56] - The company is enhancing its quality management system by aligning with ISO standards and conducting internal audits to improve service quality[57] - The company has developed targeted safety plans for major events and holidays to ensure operational safety and emergency response efficiency[58] Related Party Transactions - The total amount of related party transactions for 2021 is estimated to be no more than 919.1 million RMB, with actual transactions in the first half of 2021 amounting to 386.99 million RMB[81] - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[76] - The actual amount for the photovoltaic project electricity sales transaction was RMB 7.89 million[80] Accounting Policies - The financial statements comply with the latest accounting standards issued by the Ministry of Finance, reflecting the company's financial position, operating results, and cash flows accurately[147] - The company recognizes expected credit losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income, based on all reasonable and supportable information[165] - The company has adopted a simplified model for expected credit losses on accounts receivable, measuring loss provisions based on the expected credit loss over the entire duration of the receivables[170]

Financial Performance - The company's operating revenue for 2020 was ¥301,365,210.15, a decrease of 54.26% compared to ¥658,916,098.41 in 2019[19] - The net profit attributable to shareholders of the listed company was ¥73,820,341.02, an increase of 8.31% from ¥68,157,233.88 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,503,704.26, representing a 46.51% increase from ¥47,438,841.95 in 2019[19] - Basic earnings per share for 2020 increased by 8.31% to CNY 0.1546 compared to CNY 0.1428 in 2019[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 46.51% to CNY 0.1456 per share in 2020 from CNY 0.0994 in 2019[21] - The weighted average return on equity rose by 0.38 percentage points to 4.90% in 2020 from 4.52% in 2019[21] - Operating income for Q4 2020 was CNY 92,342,537.21, while the net profit attributable to shareholders was CNY 8,825,332.72[25] - The total amount of non-recurring gains and losses in 2020 was CNY 4,316,636.76, a decrease from CNY 20,718,391.93 in 2019[27] - The company reported a total of CNY 429,928,452.50 in cash inflows from financing activities, a decrease of 62.31% compared to CNY 1,140,670,000.00 in the previous year[62] Cash Flow and Assets - The net cash flow from operating activities improved by 80.83%, reaching -¥115,519,738.17 compared to -¥602,573,579.15 in 2019[19] - The total assets at the end of 2020 were ¥2,845,175,583.15, an increase of 2.51% from ¥2,775,512,069.44 at the end of 2019[19] - The net assets attributable to shareholders of the listed company increased by 3.59% to ¥1,534,113,305.63 from ¥1,480,962,898.33 in 2019[19] - Total assets increased by 2.51% to CNY 2,845,175,583.15, while total liabilities rose by 0.85% to CNY 1,295,366,022.88[41] - The operating cash flow net amount improved by 80.83% year-on-year, reaching -115.52 million[53] - The total current assets decreased by 61.24% to CNY 322.46 million, accounting for 11.33% of total assets, primarily due to the expiration of leasing company projects[63] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.47 per 10 shares, totaling ¥22,436,949.54, which accounts for 30.39% of the annual net profit attributable to shareholders[4] - The company implemented a cash dividend policy, distributing 0.47 RMB per 10 shares for the year 2020, totaling 22,436,949.54 RMB, which represents 30.39% of the net profit attributable to shareholders[122] - In 2019, the company distributed 0.43 RMB per 10 shares, amounting to 20,527,421.92 RMB, which was 30.12% of the net profit attributable to shareholders[123] Business Operations and Strategy - The company operates in public transportation management, new energy, financing leasing, and commercial factoring sectors[30] - The company established a wholly-owned subsidiary for new energy projects, focusing on distributed photovoltaic power generation[31] - The financing leasing subsidiary has been operational since 2014, expanding its business scope to include commercial factoring[32] - The company is focusing on renewable energy projects, leveraging rooftop resources for photovoltaic power generation[36] - The company plans to develop charging station businesses as part of its future strategy in the renewable energy sector[36] - The company plans to establish charging station demonstration sites at Longyang Road Base and Hongmei Building in response to national policies supporting new energy vehicles[49] - The company plans to increase the number of charging stations for electric vehicles, targeting at least 200 stations in key locations[107] Risk Management and Governance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6] - The company emphasizes strict risk control measures in its financing leasing operations to mitigate market and credit risks[116] - The company is focusing on risk management and enhancing project post-loan management to ensure timely repayments and secure funding[108] - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, including the establishment of various internal management systems[192] - The company has implemented internal control measures and revised multiple internal control systems during the reporting period[193] Market and Industry Insights - The photovoltaic industry saw a 60% increase in new installed capacity to 48.2 GW in 2020, with total installed capacity reaching 253 GW, a 24% year-on-year growth[69] - The financing leasing industry in China had over 12,156 companies by the end of 2020, with a total contract balance of approximately 65,040 billion RMB[97] - The commercial factoring industry in China has significant growth potential, with accounts receivable from large industrial enterprises reaching CNY 16.41 trillion at the end of 2020, a 15.1% increase from the previous year[103] Corporate Social Responsibility - The company purchased approximately CNY 50,000 worth of agricultural products from poverty-stricken areas in 2020, contributing to its targeted poverty alleviation efforts[159] - The company actively participated in the "Hundred Enterprises Pairing with Hundred Villages" poverty alleviation initiative, demonstrating its commitment to social responsibility[159] - The company’s photovoltaic projects saved approximately 5,152 tons of standard coal in 2020, showcasing its focus on environmental sustainability[162] - The company plans to continue its targeted poverty alleviation activities in 2021, maintaining its commitment to social responsibility[160] Shareholder Structure and Management - The largest shareholder, Shanghai Shentong Metro Group Co., Ltd., holds 278,943,799 shares, representing 58.43% of total shares[169] - The top ten shareholders collectively hold significant stakes, with no shareholder among them having a pledged or frozen status[169] - The company has a diverse board of directors with expertise in various sectors, including law, finance, and transportation, which may enhance strategic decision-making[178] - The company has undergone a board and supervisory board restructuring, with new independent directors appointed on May 9, 2020[180] Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[7] - The company’s financial audit for 2020 was conducted by Tianzhi International Accounting Firm[198] - The company maintained effective internal control over financial reporting as of December 31, 2020, with no significant deficiencies identified[200] Future Outlook - The company expects the leasing industry to return to a healthy growth trajectory post-pandemic, driven by improved economic conditions[73] - The company plans to continue expanding its investment in the Shanghai Jianyuan Equity Investment Fund, with a total investment of 6,000,000,000 RMB[79] - The company aims to develop approximately 11.94 MWp of photovoltaic projects in 2021, enhancing its renewable energy initiatives[107]