Emerging Energy and Technology Development - The company is actively developing emerging businesses such as offshore wind power, hydrogen energy, and smart port machinery to align with national energy development trends[10]. - The company aims to achieve a total installed capacity of over 1.2 billion kilowatts for wind and solar power by 2030, as outlined in national renewable energy development plans[10]. - The hydrogen energy industry is rapidly developing in China, with a complete industrial chain forming, and the company is focusing on high-efficiency water electrolysis hydrogen production equipment and hydrogen fuel cell power systems[46]. - The company is focusing on hydrogen energy technology innovation, emphasizing renewable energy hydrogen production and efficient hydrogen utilization[86]. - The company has successfully implemented key hydrogen production projects, including the Luzhou water electrolysis hydrogen production project[90]. - The company is committed to building a green hydrogen production, storage, and utilization industrial chain to support high-quality development in the new energy sector[88]. - The company has developed an environmentally friendly spiral unloader with a capacity of 1500 tph, which is currently being validated at a testing platform in Caofeidian Heavy Industry[49]. - The company has developed technologies to address scour protection for offshore wind foundations, enhancing its competitiveness in the marine wind power sector[117]. Financial Performance and Revenue Growth - The company's operating revenue for the first half of the year reached ¥3,414,480,988.38, representing a 4.99% increase compared to ¥3,252,270,995.76 in the same period last year[25]. - Net profit attributable to shareholders increased by 42.56% to ¥102,297,058.78 from ¥71,758,815.30 year-on-year[26]. - The net profit after deducting non-recurring gains and losses rose by 48.44% to ¥91,702,279.92 compared to ¥61,776,504.78 in the previous year[26]. - Basic earnings per share increased by 42.67% to ¥0.0886 from ¥0.0621 in the same period last year[26]. - The total profit amounted to 135 million yuan, reflecting a year-on-year increase of 71.66%, and the net profit was 102 million yuan, up 42.56%[131]. - The main business revenue reached 3.404 billion yuan, an increase of 4.97% year-on-year[104]. - The material conveying system engineering business generated revenue of 1.327 billion yuan, up 65.37% year-on-year[104]. - The thermal engineering business achieved revenue of 556 million yuan, a significant increase of 138.01% year-on-year[104]. - The high-end steel structure business reported revenue of 1.152 billion yuan, reflecting a year-on-year increase of 57.27%[104]. Project Execution and Market Expansion - The company is actively expanding its business along the Belt and Road Initiative, targeting direct EPC projects for overseas clients[48]. - The company has signed contracts for multiple renewable energy projects, including a 150MW wind project in Inner Mongolia and a 370MW project in Yunnan[40]. - The company signed contracts for multiple steel ash storage projects with Huadian Huangshi, Huadian Zibo, and Huadian Tengzhou, addressing environmental regulations that prohibit permanent ash storage at power plants[75]. - The company is currently executing a 100MW wind-solar project with a contract value of CNY 476,289,018.00[162]. - The company is actively managing its project portfolio, with a focus on ensuring timely completion and revenue recognition[159]. - The company has ongoing projects with significant contract values, such as the Jiangxi Fengcheng Power Plant expansion project at 215.63 million RMB, which is 81.03% complete[159]. Risk Management and Compliance - The company is facing risks related to traditional business areas due to national policies limiting coal consumption and coal power capacity[10]. - The company has made substantial progress in risk management and compliance, enhancing project decision-making efficiency and management levels[128]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact market expansion and project execution[200]. Innovation and Research Development - The company has filed numerous new patents focused on clean energy, renewable energy, high-end intelligent equipment, and energy-saving technologies, aligning with national industrial policies and showing promising market potential[112]. - The newly developed technologies and products are expected to enhance the company's competitive edge in the relevant fields[112]. - The company continues to invest in research and development to protect its technological innovations and maintain a leadership position in the industry[112]. - The company has established a hydrogen energy technology research center and is advancing major national scientific research projects in hydrogen energy and offshore wind power[125]. Operational Efficiency and Cost Management - The company is focusing on cost reduction and efficiency improvement to enhance project profitability amid external challenges[26]. - The company has implemented measures to enhance project profitability through improved cost control and optimized project settlement[147]. - The company emphasizes a procurement model that ensures quality and cost control through various methods, including competitive bidding and group procurement[59]. Industry Trends and Market Insights - The material handling industry is undergoing a digital and intelligent transformation, providing new business opportunities for the company[33]. - The cost of photovoltaic power generation has decreased by over 90% in the past decade, achieving grid parity and making China one of the largest solar photovoltaic markets globally, with an expected installed capacity of 345 million kW by 2022[40]. - The company is focusing on enhancing energy efficiency and flexibility in existing power plants as part of its strategic initiatives[12]. - The new Noise Pollution Prevention Law, effective from June 5, 2022, expands the scope of industrial noise control and increases penalties for violations, which is expected to boost demand in the noise control industry[43]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not violated decision-making procedures for external guarantees[10]. - The company’s financial report has been confirmed as true, accurate, and complete by its management team[7].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,327,958,361.50, representing a year-on-year increase of 2.67%[6] - The net profit attributable to shareholders of the listed company was a loss of CNY 109,019,440.22, a decrease of 676.10% compared to the same period last year[6] - The basic earnings per share for the period was -CNY 0.0944, down 686.67% from the previous year[6] - In Q1 2022, the company achieved revenue of CNY 1.328 billion, a year-on-year increase of 2.67%, while the net profit attributable to shareholders was CNY -1.09 billion, a year-on-year decrease of 676.10%[18] - Net profit for Q1 2022 was a loss of RMB 110,004,123.01, compared to a loss of RMB 14,162,934.01 in Q1 2021, indicating a significant decline[29] - The company experienced a total comprehensive loss of RMB 110,004,123.01 in Q1 2022, compared to a loss of RMB 14,162,934.01 in Q1 2021[29] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 735,645,450.00, reflecting a decline of 6.93% year-on-year[6] - The company's cash and cash equivalents decreased from CNY 2.172 billion at the end of 2021 to CNY 1.456 billion, a decline of about 33%[22] - Total current assets as of March 31, 2022, amounted to CNY 7.705 billion, down from CNY 8.275 billion at the end of 2021, reflecting a decrease of approximately 6.9%[22] - Cash flow from operating activities in Q1 2022 was a net outflow of RMB 735,645,450.00, compared to a net outflow of RMB 687,943,739.22 in Q1 2021[32] - Cash and cash equivalents at the end of Q1 2022 were RMB 1,348,644,278.87, an increase from RMB 1,223,073,047.89 at the end of Q1 2021[32] - The company reported a total cash outflow from investing activities of RMB 1,027,081,559.14 in Q1 2022, compared to RMB 501,482,288.40 in Q1 2021[32] - The company achieved cash inflow from investment activities of RMB 1,004,897,479.44 in Q1 2022, significantly higher than RMB 502,628,914.13 in Q1 2021[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,036,058,737.64, a decrease of 5.90% from the end of the previous year[9] - The total liabilities as of March 31, 2022, were CNY 6.125 billion, down from CNY 6.645 billion at the end of 2021, representing a decrease of approximately 7.8%[25] - The company's total assets as of March 31, 2022, were CNY 10.036 billion, down from CNY 10.665 billion at the end of 2021, indicating a reduction of about 5.9%[25] - The equity attributable to shareholders of the listed company was CNY 3,865,939,007.55, down 2.73% from the end of the previous year[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,574[14] - The largest shareholder, China Huadian Science and Technology Group Co., Ltd., held 62.48% of the shares[14] Contracts and Market Activity - The company signed new sales contracts worth CNY 1.384 billion in Q1 2022, a year-on-year decrease of 9.31%, with an additional CNY 1.524 billion in contracts that have been bid but not yet signed[18] - Guangdong province offers a subsidy of CNY 1,500 per kilowatt for offshore wind projects connected to the grid in 2022, decreasing to CNY 1,000 in 2023, which supports the company's market expansion efforts[18] Research and Development - Research and development expenses increased to RMB 54,814,916.43 in Q1 2022, up 77.4% from RMB 30,888,391.33 in Q1 2021[29] - The company is actively involved in hydrogen energy projects, having established the China Huadian Hydrogen Energy Technology Research Center, indicating a strategic focus on renewable energy development[21] - The company plans to gradually implement competitive pricing for offshore wind power projects from 2022 to 2025, with annual installed capacity limits set for each year, indicating a strategic approach to market positioning[21] Operating Costs - Total operating costs in Q1 2022 were RMB 1,439,867,137.94, up 9.9% from RMB 1,309,722,099.82 in Q1 2021[29]

Financial Performance - In 2021, the net profit of Huadian Heavy Industries Co., Ltd. was CNY 234.09 million, with a surplus reserve of CNY 23.41 million and a profit distribution of CNY 30.03 million from the previous year[6]. - The proposed cash dividend for 2021 is CNY 0.85 per 10 shares, totaling CNY 99.20 million, which accounts for 32.71% of the net profit attributable to the parent company[6]. - As of December 31, 2021, the undistributed profits reached CNY 1.20 billion, an increase from CNY 1.02 billion at the beginning of the year[6]. - The company's operating revenue for 2021 was ¥10,329,027,185.67, representing a 15.97% increase compared to ¥8,906,415,451.80 in 2020[27]. - Net profit attributable to shareholders of the listed company reached ¥303,264,101.74, a significant increase of 213.60% from ¥96,704,596.30 in the previous year[27]. - The net cash flow from operating activities increased by 37.22% to ¥657,312,566.28, driven by improved management of receivables and expanded sales scale[30]. - Basic earnings per share rose to ¥0.2626, reflecting a growth of 213.74% compared to ¥0.0837 in 2020[27]. - The total assets of the company at the end of 2021 were ¥10,665,487,229.91, marking a 21.46% increase from ¥8,781,329,714.32 at the end of 2020[27]. - The weighted average return on net assets increased to 7.90%, up by 5.26 percentage points from 2.64% in 2020[27]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which grew by 260.13% to ¥246,510,349.41[27]. - The company achieved a net profit of ¥155,165,011.31 in Q4 2021, following a net loss of ¥14,047,074.40 in Q1 2021[29]. - The company signed new sales contracts totaling 7.329 billion yuan and achieved operating revenue of 10.329 billion yuan with a net profit of 303 million yuan in 2021[39]. - The company reported a total revenue of 20.21 billion in 2021, indicating a strong performance in the wind power sector[81]. - The total profit reached 346 million RMB, showing a significant year-on-year growth of 174.93%[192]. - The net profit for the period was 303 million RMB, reflecting a remarkable increase of 213.60% compared to the previous year[192]. Business Development and Strategy - The company is focusing on developing emerging businesses such as offshore wind power, hydrogen energy, and smart port machinery to align with national energy development trends[10]. - The offshore wind power sector is entering a "grid parity" development phase, with favorable provincial subsidy policies in Guangdong, Shandong, and Zhejiang[10]. - The release of the "Hydrogen Energy Industry Development Medium- and Long-Term Planning (2021-2035)" indicates significant market potential for hydrogen energy in the national energy system[10]. - The company is facing risks related to traditional business areas due to national policies limiting coal consumption and coal power capacity growth[10]. - The company aims to become a global leading system solution service provider, with a strategic development goal of "1386" and "3128" for the 14th Five-Year Plan[46]. - The company is actively expanding its overseas market presence, signing contracts for offshore wind power projects in Vietnam, marking its first entry into the international offshore wind market[40]. - The company is focused on enhancing the integration of information technology with the construction industry, aiming for significant advancements in digitalization, networking, and intelligence within the sector[69]. - The company is exploring strategic partnerships and potential acquisitions to bolster its market position in the renewable energy sector[94]. - The company is actively pursuing market expansion strategies, including the development of a new feeding equipment and conveying system[90]. Research and Development - The company added 206 new authorized patents during the reporting period, including 12 invention patents, and completed key national renewable energy technology projects[43]. - The company has established four R&D centers and a postdoctoral research station, with R&D personnel accounting for approximately 18.45% of total employees, resulting in 814 patents, including 123 invention patents[167]. - The company has successfully developed and implemented 31 key technologies, with 11 reaching or partially reaching international leading levels, and 17 achieving international advanced levels[167]. - The company is focusing on market expansion with new products such as a closed coal yard fire protection system and a high-pile foundation installation system for shallow waters[38]. - A significant focus on R&D is evident with the introduction of a variety of new products, such as a testing pipeline and a mobile dust removal device[96][102]. - The company reported a new product development pipeline with over 200 new patents filed in 2021, indicating strong innovation capabilities[181]. Industry Trends and Market Conditions - The hydrogen energy industry in China is rapidly developing, with significant policy support and a focus on producing "green hydrogen" from renewable energy sources[64]. - The hydrogen energy sector is currently in a cultivation and development phase, with ongoing projects to secure renewable energy resources for future business expansion[64]. - The offshore wind power industry is expected to reach a total installed capacity of 71 million kilowatts by 2035, with a further increase to 132 million kilowatts by 2050[70]. - The coal-fired power sector is expected to undergo significant upgrades, with a target to reduce average coal consumption to below 300 grams per kilowatt-hour by 2025[66]. - The energy structure adjustment in China is leading to a decline in traditional coal-fired power investments, impacting related material handling systems[65]. - The domestic noise and vibration control industry comprises approximately 500 companies, with leading positions held by firms like Beijing Luchuang and Sichuan Zhengsheng[60]. - The company is actively involved in the comprehensive energy efficiency improvement and flexibility transformation of coal-fired power plants, aligning with national policies for cleaner and more efficient energy production[52]. Environmental and Safety Standards - The company maintained a stable safety and environmental protection record, with no incidents affecting safety targets or negative environmental events reported during the year[41]. - The new Noise Pollution Prevention Law, effective from June 5, 2022, expands the scope of noise pollution control to include industrial noise, with increased penalties for violations[60]. - The company has developed advanced noise control technologies and products, positioning itself as a leading solution provider in the industrial noise control sector[108]. - The noise control business targets comprehensive noise management in gas and coal-fired power plants, addressing various noise sources effectively[109]. - The company has developed a comprehensive prevention and control system for coal transportation at thermal power plants, achieving international advanced technology status[187]. Human Resources and Management - As of December 31, 2021, the company employed 2,005 staff, including 412 management personnel, 370 technical personnel, and 734 production personnel, with 1,100 holding a bachelor's degree or higher[175]. - The average industry experience of senior management exceeds 20 years, providing a solid foundation for understanding business models and managing risks[175]. - The management team has undergone some adjustments, with new appointments made in 2021, ensuring that production and operations continue to run smoothly[175]. - The company has a reasonable talent structure, with a significant number of employees holding intermediate or higher professional titles, including 23 senior engineers[175]. Future Outlook - Future outlook includes a commitment to research and development, with significant investments planned for new technologies in the energy sector, particularly in heat recovery systems[61]. - The company provided a forward guidance of 10% revenue growth for the next fiscal year, driven by new product launches and market expansion[183]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[184]. - The company aims to enhance energy efficiency and promote hydrogen energy technology in line with national energy security strategies and the "3060" carbon goals[171].

2021 年第三季度报告 单位：元 币种：人民币 1 / 10 证券代码：601226 证券简称：华电重工 华电重工股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|--------------------------------------|------------------|---------------------- ...

证券代码：601226 证券简称：华电重工 公告编号：临2021-055 华电重工股份有限公司 关于参加北京辖区上市公司投资者集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与广大投资者的沟通交流，华电重工股份有限公司 （以下简称"公司"）将参加"2021 年北京辖区上市公司投资者集体 接待日"活动，现将有关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，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，参与本次投资者集体接待日活动，活动时 间为 2021 年 9 月 23 日（星期四）15:00 至 17:00。 届时公司的党委书记、副董事长赵胜国先生，董事、总经理、党 委副书记郭树旺先生，副总经理、财务总监、董事会秘书赵江先生将 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、 股权激励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。 特此公告。 华电重工股份有限公司 ...

Business Development and Strategy - The company reported a significant focus on developing emerging businesses such as offshore wind power, hydrogen energy, and integrated power plant efficiency improvements to align with national energy development trends[9]. - The company is actively pursuing opportunities in new infrastructure construction and the transformation of the power industry, which may provide growth prospects[12]. - The company is committed to sustainable and healthy development through the expansion of new technologies and market strategies[9]. - The company is focusing on hydrogen energy business development and enhancing technology research and development efforts[97]. - The company aims to deepen international business integration and accelerate its overseas expansion strategy[97]. - The company is actively pursuing comprehensive energy efficiency enhancement projects, including optimization of thermal power plants and smart operation technologies[123]. - The company is exploring market expansion opportunities, leveraging its patent portfolio to enter new sectors[101]. Financial Performance - The company's operating revenue for the first half of the year was ¥3,252,270,995.76, a decrease of 1.19% compared to the same period last year[25]. - Net profit attributable to shareholders was ¥71,758,815.30, representing a significant increase of 393.19% year-over-year[25]. - The net profit after deducting non-recurring gains and losses was ¥61,776,504.78, up 290.68% from the previous year[25]. - The net cash flow from operating activities decreased by 52.27% to -¥299,920,335.20, primarily due to increased costs for goods purchased and taxes paid[26]. - Basic and diluted earnings per share increased to ¥0.0621, a growth of 393.19% compared to the same period last year[25]. - The company's gross profit margin for the professional technical services sector was 9.63%, an increase of 2.10% from the previous year[132]. - The total profit reached 79 million yuan, a year-on-year increase of 406.50%[118]. Risks and Challenges - The company is facing risks related to the slowdown in contract execution and increased difficulty in acquiring new contracts due to regulatory changes in the coal power sector[9]. - The company has implemented measures to mitigate risks associated with accounts receivable collection and inventory reduction[189]. - The impact of the COVID-19 pandemic on market development and project execution is being addressed through proactive market exploration and production recovery efforts[195]. Contracts and Projects - The company has signed contracts for various projects, including a 2*660MW coal-fired power plant in Vietnam and several coal yard enclosure projects in China[39]. - The company has signed contracts exceeding 16 billion RMB for various offshore wind power projects, enhancing its influence and brand image in the industry[42]. - The total amount of sales contracts executed at the beginning of the reporting period was CNY 14.797 billion, with revenue generated during the period amounting to CNY 2.993 billion[148]. - The company is currently executing multiple offshore wind projects, including the 300MW project in Fujian with a contract value of CNY 1,449,266,718.00 and a comprehensive cost of CNY 1,057,122,847.75[154]. Innovation and Technology - The company has obtained multiple qualifications for material handling system engineering, including special equipment manufacturing and installation licenses[50]. - The company has achieved a significant technological milestone with its "Industrial Building Space Grid Structure Technology," which has been recognized as reaching international advanced levels[106]. - The company is focusing on innovation, as evidenced by the significant number of new patents granted in various fields, including transportation and construction[101]. - The company has established a joint venture, Huadian Lanke, with an investment of ¥39,200,000, holding a 49% stake, to develop port and marine equipment[172]. Shareholder and Governance - The board of directors confirmed that all members attended the meeting and the report is guaranteed to be true, accurate, and complete[6]. - The company has not disclosed any profit distribution or capital reserve transfer plans for the reporting period[8]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[9]. - The company has not reported any significant changes in its stock or shareholder structure during the reporting period[22]. Market and Industry Trends - The national target for carbon emissions is to peak by 2030 and achieve carbon neutrality by 2060, with non-fossil energy expected to account for about 25% of primary energy consumption[42]. - The wind power tower market is experiencing rapid growth, with annual new installations expected to exceed 50 million kW during the 14th Five-Year Plan period[39]. - The company is well-positioned in the thermal engineering sector, with a strong brand reputation and competitive advantages in the four major pipeline systems[35]. Cash Management and Investments - The company's cash and cash equivalents at the end of the period were ¥1,633,761,667.56, accounting for 17.57% of total assets, down 15.13% from the previous year[165]. - The company reported a significant increase in cash flow from financing activities, amounting to approximately CNY 5.83 million, due to a stock incentive plan[126]. - The company plans to continue investing in innovative technologies to enhance operational efficiency and market competitiveness[172].

Financial Performance - In 2020, the net profit of Huadian Heavy Industries Co., Ltd. was CNY 63.34 million, with a profit distribution plan proposing a cash dividend of CNY 0.26 per 10 shares, totaling CNY 30.03 million, which accounts for 31.05% of the net profit attributable to the parent company[6]. - As of December 31, 2020, the undistributed profits reached CNY 1.017 billion, an increase from CNY 995.11 million at the beginning of the year[6]. - The company's operating revenue for 2019 was CNY 7,175,673,469.09, representing a 24.12% increase compared to CNY 5,835,383,242.05 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 82,231,686.03, a 17.60% increase from CNY 57,042,717.69 in 2018[23]. - The company's total share capital as of December 31, 2020, was 1.155 billion shares[6]. - The company reported a net profit of CNY 65,744,546.88 in Q4 2020, following net profits of CNY 55,435,597.28 in Q3 and CNY 42,989,767.32 in Q2[26]. - The total non-recurring gains and losses for 2020 amounted to CNY 28,254,721.85, compared to CNY 17,585,171.74 in 2019[27]. - The company's total revenue for 2020 reached ¥8,890,821,503.71, representing a growth rate of 25.81% compared to 2019[179]. - The total profit amounted to 1.26 billion RMB, with a year-on-year increase of 48.11%, while net profit was 970 million RMB, up 17.60% year-on-year[166]. Business Development and Strategy - The company is actively developing emerging businesses such as offshore wind power, hydrogen energy, and integrated power plant efficiency enhancement to adapt to national energy development trends[10]. - The company has committed to a sustainable development strategy by diversifying into new technologies and markets, including noise control and intelligent transportation[10]. - The company is focused on aligning with the national "new infrastructure" initiative, which is expected to create opportunities in the power sector[10]. - The company is actively expanding its business along the Belt and Road Initiative, targeting direct EPC projects with overseas clients[35]. - The company aims to become a leading provider of offshore wind power engineering solutions, leveraging over 20 years of European experience[57]. - The company has established a hydrogen energy division to focus on renewable energy utilization and carbon reduction, positioning itself as an energy service provider[114]. - The company is enhancing its technological innovation efforts by increasing resource investment in R&D and optimizing its R&D assessment system[114]. - The company is focusing on expanding its market presence through significant project contracts and ongoing execution of large-scale energy projects[188]. Market and Industry Trends - In 2020, China's GDP reached 1,015,986 billion yuan, growing by 2.3% compared to 2019, with the first, second, and third industries increasing by 3.0%, 2.6%, and 2.1% respectively[69]. - The total installed power generation capacity in China reached 2.2 billion kilowatts in 2020, a year-on-year growth of 9.5%[99]. - Non-fossil energy power generation capacity accounted for 43.42% of the total installed capacity, an increase of 2.6 percentage points year-on-year[99]. - The newly installed capacity of wind power in 2020 was 71.67 million kilowatts, a year-on-year increase of 178.7%[95]. - The port industry saw a total cargo throughput of 1.4549 billion tons in 2020, a year-on-year increase of 4%[109]. - The company is positioned to benefit from the growing emphasis on green development and environmental protection in China's industrial policies, particularly in the noise control sector[125]. Technological Innovation and R&D - The company has accumulated rich customer resources and established a strong market brand, with projects spanning across multiple regions and over ten countries[34]. - The company has developed a comprehensive noise control system for gas and coal-fired power plants, focusing on areas such as turbine rooms and cooling towers[65]. - The company holds 688 patents and has established four R&D centers, with R&D personnel accounting for 18.15% of total employees, indicating a strong focus on innovation and technology development[130]. - The company has successfully developed various energy-saving technologies, including long-distance curved belt conveyors and air cooling technology, contributing to environmental protection and energy conservation[135]. - The company achieved significant technological advancements with the "Intelligent Control System for Material Handling Machines," which was recognized as reaching international leading standards on December 6, 2020[147]. - The company has made advancements in the field of renewable energy and high-end equipment manufacturing, aligning with national industrial policies[147]. Contracts and Project Management - The company signed new sales contracts worth 9.782 billion yuan during the reporting period, a year-on-year decrease of 3.89%[114]. - The total amount of sales contracts executed at the beginning of the reporting period was CNY 21.731 billion, with revenue generated during the period amounting to CNY 6.949 billion[195]. - New sales contracts signed during the reporting period totaled CNY 9.782 billion, generating revenue of CNY 1.957 billion[195]. - The company has ongoing contracts such as the Henan Yubei belt conveyor project valued at 261.86 million RMB and the Tianjin Huadian Nankou thermal power project valued at 279.78 million RMB[188]. - The total contract value for the Fujian Huadian Fuzhou offshore wind farm project is approximately $1.43 billion, with a comprehensive cost of $307.27 million[200]. Environmental and Sustainability Efforts - The company is adopting an EPC model for its clean and efficient coal utilization projects, providing comprehensive services from design to operation[65]. - The company’s green mining system improves open-pit mining efficiency while reducing dust and energy consumption, aligning with national environmental goals[133]. - The company is exploring various contracting models to expand its noise control business, enhancing its competitive edge in the market[125]. - The company has developed an environmentally friendly spiral unloader, which is lightweight and capable of fully automated operation, reducing dust emissions effectively[38]. Governance and Compliance - The company’s board of directors and management confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[4]. - The audit report for the fiscal year was issued by Tianzhi International Accounting Firm, confirming a standard unqualified opinion[5]. - The management team has undergone some adjustments, with new appointments made in March and December 2020, ensuring continuity in production and operations[135]. - The company integrated party leadership into its operations, promoting a strong governance framework and enhancing compliance awareness among its management[165].

Financial Performance - Operating revenue increased by 50.72% to CNY 1,293,447,167.94 compared to the same period last year[11] - Net profit attributable to shareholders was a loss of CNY 14,047,074.40, an improvement of 79.18% compared to the previous year's loss[11] - The company achieved operating revenue of CNY 1,293,447,167.94, a year-on-year increase of 50.72% due to the low base effect from the previous year's pandemic impact[21] - The net profit attributable to shareholders of the parent company was CNY -14,047,074.40, representing a 79.18% improvement compared to the previous year's loss[21] - The company reported a net profit margin of approximately 0.0% for Q1 2021, as total operating costs exceeded total operating revenue[36] - The net loss for Q1 2021 was approximately ¥22.12 million, compared to a net loss of ¥45.66 million in Q1 2020, indicating an improvement of 51.6%[43] - The total profit for Q1 2021 was approximately -¥20.87 million, compared to -¥45.29 million in Q1 2020, showing a significant reduction in losses[43] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 353.31% to a negative CNY 687,943,739.22 compared to the same period last year[11] - Cash received from tax refunds decreased by 92.91% to CNY 1,129,803.48, attributed to a reduction in export tax rebates[21] - Cash flow from operating activities for Q1 2021 was -452,370,047.58 RMB, compared to -7,183,072.35 RMB in Q1 2020, indicating a significant decline[45] - Net cash flow from financing activities improved to 14,992,139.62 RMB in Q1 2021, compared to a negative cash flow of -29,091,124.70 RMB in Q1 2020[45] - The company received 80,000,000.00 RMB in cash from borrowings in Q1 2021, significantly higher than the 20,000,000.00 RMB received in Q1 2020[45] Assets and Liabilities - Total assets decreased by 2.47% to CNY 8,564,019,485.96 compared to the end of the previous year[11] - Current assets totaled CNY 6,621,652,308.48 as of March 31, 2021, a decrease of 3.8% from CNY 6,883,828,114.03 at the end of 2020[31] - Total liabilities decreased to CNY 4,848,216,925.27 from CNY 5,052,033,119.73, a reduction of 4.0%[33] - The equity attributable to shareholders was CNY 3,684,929,713.67, slightly down from CNY 3,698,307,887.96[33] - Total liabilities reached approximately $3.50 billion, with current liabilities at $3.48 billion and non-current liabilities at $19.22 million[54] Shareholder Information - The number of shareholders at the end of the reporting period was 35,263[14] - The largest shareholder, China Huadian Corporation, holds 63.13% of the shares[14] Research and Development - Research and development expenses increased by 30.66% to CNY 30,888,391.33, reflecting higher personnel costs related to R&D[21] - Research and development expenses for Q1 2021 were approximately ¥14.46 million, slightly up from ¥13.96 million in Q1 2020[43] Investment and Growth - The company plans to acquire 100% equity of Huadian Zhengzhou Mechanical Design Institute for CNY 414.86 million to enhance its technical capabilities and market competitiveness[24] - The company is actively developing emerging businesses such as offshore wind power and hydrogen energy to align with national energy development trends[27] Financial Ratios and Metrics - The weighted average return on equity improved by 1.5 percentage points to -0.38%[11] - The company reported accounts receivable financing of approximately $330.09 million and prepayments of approximately $200.53 million[54]

Financial Performance - Operating revenue for the period from January to September was CNY 5,702,006,757.40, an increase of 20.56% year-on-year[17]. - Net profit attributable to shareholders was CNY 30,960,049.42, a decrease of 45.47% compared to the same period last year[17]. - Basic and diluted earnings per share were both CNY 0.027, down 46.00% from the previous year[17]. - The company reported a net profit of ¥30,960,000 for the first nine months of 2020, a decrease of 45.47% year-on-year[31]. - Operating revenue for the first nine months of 2020 was ¥5.702 billion, an increase of 20.56% compared to the previous year[31]. - The net profit attributable to shareholders for Q3 2020 was CNY 55,739,377.21, compared to CNY 30,283,615.91 in Q3 2019, representing an increase of 84.3%[42]. - Total operating revenue for Q3 2020 reached CNY 1,646,495,414.92, up from CNY 1,345,950,745.12 in Q3 2019, indicating a growth of 22.4%[45]. - The operating profit for Q3 2020 was CNY 65,709,489.57, compared to CNY 32,061,385.13 in Q3 2019, reflecting an increase of 105.5%[48]. - The total profit for Q3 2020 was CNY 66,365,838.19, compared to CNY 32,059,820.44 in Q3 2019, marking an increase of 106.7%[48]. Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 506,340,998.17, a decline of 449.85% year-on-year[17]. - Cash flow from operating activities for the first nine months of 2020 was CNY 5,192,824,028.67, compared to CNY 4,302,983,809.99 in the same period of 2019, an increase of 20.7%[50]. - The company reported a net cash outflow from operating activities of CNY -506,340,998.17 for Q3 2020, compared to a net inflow of CNY 144,732,465.79 in Q3 2019[50]. - The ending balance of cash and cash equivalents decreased to 851,905,474.35 RMB from 1,091,918,266.00 RMB year-over-year, a decline of approximately 22.0%[57]. - The cash and cash equivalents decreased by 39.35% to ¥1,050,919,525.61 from ¥1,732,824,021.00 due to seasonal cash payments from main business operations[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,064,048,860.05, a decrease of 1.13% compared to the end of the previous year[17]. - The company's total liabilities decreased to ¥5,413,245,431.57 from ¥5,513,609,606.75 year-over-year[36]. - The total liabilities of the company stood at 5,513,609,606.75 RMB, remaining unchanged from the previous year, indicating stable leverage[59]. - The total amount of accounts payable was CNY 1,858,010,816.54, showing the company's obligations to suppliers[62]. - The company reported a significant increase in contract assets, amounting to CNY 2,209,569,040.85, indicating growth in future revenue recognition[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,592[19]. - The largest shareholder, China Huadian Corporation, held 63.13% of the shares[19]. - Shareholders' equity totaled CNY 3,518,679,901.75, reflecting the company's financial stability[62]. Operational Changes and Future Plans - The company plans to acquire 100% equity of Huadian Zhengzhou Mechanical Design Institute to enhance its technical strength and market competitiveness[26]. - The company is actively developing new businesses such as offshore wind power and intelligent transportation to adapt to national energy industry trends[31]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[39]. Inventory and Receivables - Inventory decreased by 59.09% to ¥871,891,271.13 from ¥2,131,301,551.39, influenced by the implementation of new revenue recognition standards[22]. - Accounts receivable financing dropped by 42.68% to ¥210,422,241.91 from ¥367,095,916.84, attributed to the maturity and endorsement transfer of notes[22]. - Accounts receivable decreased to ¥2,337,330,270.46 from ¥2,524,065,400.29, a reduction of about 7.4%[34]. - The company reported a decrease in tax payable by CNY 66,475,363.49, which may affect cash flow management[62].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,291,525,506.55, an increase of 11.91% compared to CNY 2,941,341,949.99 in the same period last year [25]. - The net profit attributable to shareholders of the listed company was a loss of CNY 24,475,547.86, a decrease of 190.56% compared to a profit of CNY 27,026,646.80 in the same period last year [25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 32,398,523.12, a decrease of 284.13% compared to a profit of CNY 17,595,077.24 in the same period last year [25]. - The net cash flow from operating activities was a negative CNY 196,966,857.92, an improvement of 14.89% compared to a negative CNY 231,425,453.70 in the same period last year [25]. - Basic earnings per share decreased by 190.60% to -0.0212 CNY compared to the same period last year [26]. - Diluted earnings per share also decreased by 190.60% to -0.0212 CNY compared to the same period last year [26]. - Weighted average return on equity decreased by 1.44 percentage points to -0.68% compared to the same period last year [26]. - The company's comprehensive gross margin decreased by 3.47 percentage points to 7.68% compared to the same period last year, with the main business gross margin down by 3.80 percentage points to 7.53% [158]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 3,599,842,273.55, a decrease of 0.68% compared to CNY 3,624,607,231.69 at the end of the previous year [25]. - Total assets at the end of the reporting period were CNY 9,028,081,784.59, a decrease of 1.52% compared to CNY 9,167,741,433.72 at the end of the previous year [25]. - Total current assets amounted to CNY 7,844,522,635.99, which is 86.89% of total assets, showing an 8.43% increase from the previous year [134]. - Total liabilities rose to ¥5,398,450,253.16, reflecting an 11.35% increase from ¥4,847,983,655.10 [136]. - Contract liabilities amounted to ¥1,737,826,533.97, with a significant impact from the implementation of new revenue standards [136]. - The company's cash and cash equivalents included restricted assets totaling ¥123,862,394.52, comprising fixed assets, intangible assets, and cash deposits [142]. Business Development and Strategy - The company is actively developing emerging businesses such as offshore wind power and intelligent transportation to adapt to national energy development trends [9]. - The company is actively expanding its business into various industries including power, ports, metallurgy, petroleum, chemicals, coal, building materials, and mining [34]. - The company aims to enhance its engineering capabilities in gas combined cycle power plants, focusing on system solutions and maintenance capabilities [44]. - The company is exploring strategic partnerships to enhance its market presence and leverage technological advancements in the industry [83]. - The company aims to leverage market opportunities in offshore wind power, transitioning from general contracting to EPC engineering contracting, which is expected to drive future growth [103]. Market Conditions and Risks - The company faces risks related to the slowdown in contract execution and increased difficulty in obtaining new contracts due to regulatory changes in the coal power sector [9]. - The COVID-19 pandemic has delayed the company's resumption of work, impacting market development and project execution [164]. - The company is actively managing risks related to exchange rate fluctuations and geopolitical factors in its overseas projects [110]. Research and Development - The company has completed nine R&D projects, with four projects' results applied to engineering projects [150]. - The company is actively developing new technologies, including an automatic processing device for metal sheets and a safety protection system for conveyors, enhancing operational efficiency [82]. - The company has introduced new products aimed at the offshore wind power sector, including tools for cable installation and foundation construction, indicating a strategic focus on renewable energy markets [82]. Contracts and Sales - The company signed new sales contracts worth 4.883 billion yuan, a year-on-year increase of 10.23% [78]. - The company has 21.14 billion RMB in contracts for projects under construction, with cumulative revenue recognized at 194 million RMB [114]. - The overseas projects include 9 major contracts with a total contract value of 871 million RMB, primarily distributed in Indonesia, Vietnam, Bangladesh, Pakistan, Zimbabwe, and Bahrain [110]. Governance and Compliance - The company has maintained transparency in its financial reporting, with all announcements published in designated financial newspapers and websites [167]. - The company has not made any new equity investments outside of its consolidated subsidiaries during the reporting period [143]. - The company has ensured compliance with the China Securities Regulatory Commission and Shanghai Stock Exchange regulations regarding related party transactions [190]. Patents and Intellectual Property - The company holds 603 patents, including 105 invention patents, with 76 new patents added during the reporting period [80]. - The company has filed multiple patents related to high-efficiency manufacturing processes, including a device for producing structural beam components with a high recovery rate, authorized on January 10, 2020 [82]. - A total of 40 patents have been granted, focusing on innovations in manufacturing systems and safety protection for equipment, with several patents related to metal processing and energy generation [82]. Financial Management - The company reduced financial expenses by 71.33%, with current financial expenses amounting to CNY 2.174 million compared to CNY 7.584 million last year [96]. - The net cash flow from investment activities decreased by 93.78%, primarily due to a reduction in net inflow from structured deposits [96]. - The company's cash management activities generated a total expected return of CNY 11,243,835.60 from CNY 2,000,000,000.00 in cash management investments [129].