Financial Performance - Net profit attributable to shareholders in 2022 was RMB 968.36 million, with a proposed cash dividend of RMB 3.5 per 10 shares[21] - Revenue for 2022 reached 10.77 billion RMB, a 3.91% increase compared to 2021[46] - Net profit attributable to shareholders in 2022 was 968.36 million RMB, up 12.96% year-over-year[46] - Operating cash flow decreased by 27.16% to 910.79 million RMB in 2022[46] - Basic earnings per share increased by 12.47% to 0.5718 RMB in 2022[46] - The company's total assets grew by 0.85% to 27.51 billion RMB by the end of 2022[46] - Revenue for the period reached 10.766 billion yuan, a year-on-year increase of 3.91%[163] - Operating costs decreased slightly by 0.14% to 8.393 billion yuan[163] - Sales expenses increased by 15.79% to 245.98 million yuan due to deeper market penetration in distributed energy[163] - Management expenses rose by 19.42% to 598.5 million yuan, primarily due to increased employee incentive costs[163][168] - R&D expenses grew by 10.32% to 360.68 million yuan as the company intensified its research efforts[163] - Net cash flow from operating activities decreased by 27.16% to 910.79 million yuan, impacted by delayed project payments[163] - Net cash flow from investing activities saw a significant decline of 633.06% to -2.385 billion yuan, mainly due to increased long-term fixed deposits[163] Dividend and Share Capital - The company's total share capital as of April 18, 2023, was 1,727,594,779 shares, with a total cash dividend distribution of RMB 604.66 million[21] - The company's 2022 profit distribution plan has been approved by the 8th Board of Directors' 21st meeting and is pending approval at the 2022 Annual General Meeting of Shareholders[25] - The company's total share capital changed from 1,726,773,189 shares at the beginning of the year to 1,727,754,279 shares at the end of the year, with restricted shares decreasing by 11,111,760 shares and unrestricted shares increasing by 12,092,850 shares[37] - The company's total share capital at the end of the year was 1,727,754,279 shares, with restricted shares accounting for 3.73% and unrestricted shares accounting for 96.27%[43] Company Information - The company's registered and office address is No. 8 Fenghui South Road, High-tech Zone, Xi'an[19] - The company's stock is listed on the Shanghai Stock Exchange with the stock code 601369[20] - The company's legal representative is Li Hong'an[8] - The company's annual report is disclosed on media platforms such as China Securities Journal, Shanghai Securities News, and Securities Times[9] - The company's website is http://www.shaangu.com[19] - The company's board secretary is Chai Jin, and the securities affairs representative is Zhou Xin[19] - The company's registered and office address is No. 8 Fenghui South Road, High-tech Zone, Xi'an, with a postal code of 710075[19] - The company's annual report is available at the Shanghai Stock Exchange website (www.sse.com.cn)[9] Guarantees and Liabilities - The company's total guarantee balance at the end of the reporting period (excluding guarantees for subsidiaries) is RMB 77 million[29] - The company has a repurchase obligation balance of RMB 86.659 million as of December 31, 2022, related to lease agreements with Baoxin International[42] Land and Property - The company's land use rights for a 7.02 mu plot in Lintong District, Xi'an, were acquired for RMB 898,560, and the land use certificate is still being processed[41] - The company's land use rights for approximately 20 mu in Xi'an High-tech Zone are planned to be acquired by the Xi'an High-tech Zone Land Reserve Center[41] Legal and Contractual Issues - The company has received 87.71% of the contract execution payment for a RMB 386 million project with Beijing Sanju Environmental Protection New Materials Co., Ltd., and has filed a lawsuit for the unpaid amount[40] - The company's single capital trust plan with Shandong Zhicheng Chemical Co., Ltd. has an overdue interest and penalty of RMB 365,400 as of July 30, 2018, and the company has stopped accruing interest on the trust project[31] Technological Innovations - The company's energy interconnection island technology has obtained multiple patents and achieved practical applications, optimizing energy efficiency and promoting green development[53] - The company's air separation technology is internationally leading, with a new 100,000-grade air separation compressor saving over 6 million kWh of electricity annually[54] - The company's ethylene "three-machine" technology has achieved breakthroughs, enabling the provision of system solutions for ethylene plants with a capacity of 1 million tons or more[54] - The company possesses core technologies in compression, expansion, and heat storage, positioning it as a strategic player in the energy storage sector[58] - The company successfully developed and tested the world's largest axial compressor AV140, achieving international leading level technology[78] - The company's "3H axial + centrifugal" composite 100,000 Nm3/h air separation unit compressor set successfully passed the test, marking international leading level in air separation technology[78] - Breakthrough in comprehensive energy utilization EPC project, integrating wind, solar, and air energy, with a domestically leading energy management system[90] - Significant advancements in intelligent control technology, reducing startup time by 91.67% for MPG100 energy recovery units and over 90% for natural gas pipeline compressor stations[91] - Development of a 300MW compressed air energy storage system with a multi-cylinder efficiency of 90% and a system-wide electric-to-electric conversion efficiency exceeding 70%[94] - Expansion of multi-shaft compressor applications, including a 5-shaft booster for 18,000-grade air separation units and a 15MW air-booster integrated machine for 35,000-grade air separation units[96] - Accumulation of 400 valid patents, including 68 inventions, 315 utility models, and 17 design patents, along with 58 software copyrights[96] - The AEZ-type mixed-flow compressor for the 100,000 Nm³/h air separation unit has been successfully tested, saving over 6 million kWh of electricity annually, 1,860 tons of standard coal, and reducing CO2 emissions by more than 4,873 tons per unit[118] - The company has developed a steam power combined compressor unit (SPC) for bio-fermentation, achieving significant cost reductions and efficiency improvements in the bio-fermentation process[118] - The company has accumulated 62 approved standards by the end of 2022, including 26 national standards, 16 industry standards, 18 group standards, and 2 local standards[119] - The company signed a 2×300MW compressed air energy storage compressor project, marking a significant milestone in the compressed air energy storage market[138] - The company secured a 40,000 tons/year acrylonitrile unit air compressor project, marking its first entry into the acrylonitrile field within the Sinopec system[138] - The company signed a 500 tons/day dual-pressure nitric acid unit project, featuring a high-speed motor direct-drive configuration, a world-first innovation[138] - The company signed a 360,000 tons/year nitric acid unit project, the largest dual-pressure high-speed motor-driven nitric acid unit globally, addressing environmental and energy efficiency challenges[138] - The company secured a nickel-cobalt raw material leaching and separation EPC project, utilizing advanced technology for efficient metal extraction and cost reduction[138] - The company implemented a low-top-temperature smelting service transformation project, addressing new demands in the metallurgical industry and creating new market growth opportunities[139] - Added 4 new maintenance projects, with a customized integrated maintenance model for a steel enterprise in Northeast China, marking a significant milestone for market expansion in the region[140] - Signed contracts with two steel enterprises in Jiangsu for rare gas extraction equipment, achieving good economic benefits and cost reduction for customers[140] - Achieved record-high operating performance with total gas supply scale reaching a historical peak, and successfully launched the first Kr/Xe liquid production line and a 4,500m³/h full liquid air separation project in Tongling[142] - Secured a breakthrough overseas project with an 11,000-ton/year nickel-cobalt battery-grade sulfate project using advanced HPAL technology, marking a new phase in the overseas new energy lithium battery materials market[143] - Signed a 60,000-ton/year maleic anhydride EPC project, the company's first in the petrochemical sector, using advanced continuous solvent absorption technology with leading domestic solvent consumption levels[143] - Achieved a new breakthrough in overseas commissioned operations with a 300MW+ high-parameter power plant project, marking a significant milestone in high-tech industrial services[144] - Implemented intelligent manufacturing strategies, providing customers with full lifecycle intelligent manufacturing system solutions through product, process, and service intelligence[145] - Expanded into new market areas including compressed air energy storage, metallurgical processes, petrochemicals, and rare gas extraction, achieving breakthroughs in multiple fields[148] - Signed a world-class compressed air energy storage project, showcasing leading domestic turbine technology[151] - Adopted a "make-to-order" production model, ensuring timely delivery by balancing production capacity and scheduling based on sales contracts[153] - The company completed 97 technical R&D projects and initiated 79 new research topics, addressing customer pain points[170] - Core component design time was reduced by 98.65%, and product quotation time was shortened by 80% through digital rapid design technology[157] - Production management efficiency improved by over 15% through the implementation of intelligent manufacturing projects[157] - Completed the development of a series of 1.2 to 1.5 million tons/year ethylene tri-unit technology, marking a breakthrough in large-scale ethylene equipment[172] - The third-generation TRT technology surpasses similar products in the industry and is at the world-leading level[173] - The company's "Energy-saving Technology for Ultra-large Blast Furnace Blowers" was selected for the Ministry of Industry and Information Technology's national industrial and communication energy-saving technology equipment product recommendation catalog[177] - The company's "LNG Mixed Refrigerant Compressor" and other achievements won the third prize of the China Machinery Industry Science and Technology Award[179] - The company's "BCRT" and "Anti-corrosion Esterification Circulating Gas Compressor" technologies were recognized as internationally and domestically leading, respectively[179] - The company's "AV140 Large Axial Flow Compressor" and other projects passed the acceptance of the Shaanxi Provincial Science and Technology Plan[179] - The company achieved a new breakthrough in the waste resource recycling project, completing the largest domestic single-unit device for direct production of high-quality oil from waste rubber[181] Market Expansion and Overseas Projects - The company achieved breakthroughs in overseas markets, including the first export of a natural gas compressor unit to the Middle East and the largest global export of BPRT units[73] - The company's overseas projects have received recognition and praise from customers and government agencies[70] - The company signed a 600 tons/day waste-to-energy project in Shanxi, which is the first comprehensive treatment process demonstration project in the province with 100% harmless treatment[82] - The company signed a multi-energy integration demonstration project in a national industrial park, utilizing solar, wind, air, electricity, and energy storage systems[82] - The company achieved its first export of ethylene compressor equipment, marking a milestone in entering the international petrochemical field[82] - The company signed a 30,000 air separation compressor project in India, marking a breakthrough in the Indian market[82] - The company's natural gas compressor project in the Middle East marked its first entry into the regional natural gas compression market[82] - The company signed a 5,499m³ blast furnace BPRT project in India, achieving a major breakthrough in the Indian market[82] - The company's 520m³ blast furnace BPRT project in Africa marked its first entry into the African market[82] - The company's 2×2500m³ blast furnace BPRT project achieved the largest BPRT export globally, significantly enhancing its overseas market influence[82] - Successful implementation of overseas operation models and signing of key engineering projects in wet smelting, maleic anhydride, and solid waste recycling sectors[103] - Enhanced service capabilities in distributed energy systems, including lifecycle services, remote diagnostics, and zero-inventory spare parts[103] - Strengthened financial capabilities in distributed energy solutions, offering investment, leasing, and credit services to clients and partners[102] - Signed a contract for a 3×400,000 tons/year maleic anhydride plant with the world's largest axial flow compressor unit, setting a new industry benchmark[7] - Secured a 600,000 tons/year BDO project with 4×210,000 tons/year maleic anhydride units, marking the first application of mixed gas medium compressor technology[8] - Achieved the first set of hydrogen sulfide compressor for an 180,000 tons/year liquid methionine project, expanding the centrifugal compressor market[9] - Signed a 600,000 tons/year sulfur-based sulfuric acid plant project with the world's largest steam-electric dual-drive unit, saving 87,500 tons of standard coal annually and reducing CO2 emissions by 218,000 tons/year[10] - Broke foreign technology monopoly with the first polyethylene (PE) compressor for a 700,000 tons/year high-end polyolefin project[11] - Pioneered the use of low-rank coal pyrolysis gas to produce LNG in a 100,000 tons/year project, reducing carbon emissions and energy consumption[12] - Implemented the world's first IGCC project with a multi-shaft booster, saving approximately 8.5 million yuan annually[13] - Signed a 500,000 tons/year carbon capture and utilization (CCUS) project, capturing 500,000 tons of CO2 annually with 100% utilization rate[14] - Entered the coal-to-natural gas liquefaction market with a 700,000 cubic meters/day compressor project[15] - Expanded into the organic silicon industry with a 400,000 tons/year centrifugal compressor project[17] Industry Recognition and Awards - The company's service-oriented manufacturing model has been recognized and promoted by national authorities, including the Ministry of Industry and Information Technology[57] - The company's "Shaangu Model" was recognized and promoted by the National Ministry of Industry and Information Technology[61] - The company's R&D achievements in the field of large ethylene have reached or exceeded international advanced levels[60] - The company's distributed energy system solutions have been optimized to achieve 100% precise delivery[70] - The company's energy efficiency indicators and low-carbon green energy-saving transformation have been significantly improved[72] Cost and Expense Analysis - General equipment manufacturing costs decreased by 11.29% year-over-year to 4.55 billion RMB, accounting for 54.50% of total costs[194] - Raw material costs in general equipment manufacturing increased by 19.96% to 2.94 billion RMB, representing 35.21% of total costs[194] - Energy conversion equipment costs decreased by 6.95% year-over-year to 3.17 billion RMB[194] - Industrial service costs decreased by 10.81% year-over-year to 2.62 billion RMB[194] - Energy infrastructure operation raw material costs increased by 27.92% to 2.12 billion RMB, accounting for 82.84% of total costs[194] - Labor costs in energy infrastructure operations increased by 39.32% to 75.07 million RMB[194] - Manufacturing expenses in general equipment manufacturing increased by 14.50% to 581.88 million RMB[194] - Industrial service manufacturing expenses decreased by 13.74% to 82.65 million RMB[194] - Energy conversion equipment raw material costs increased by 7.56% to 625.60 million RMB[194] - Labor costs in energy conversion equipment increased by 8.36% to 112.60 million RMB[194] Revenue by Industry - The company's revenue in the energy industry increased by 63.45% year-on-year, with a gross profit margin increase of 4.74 percentage points[191] - The company's revenue in the pharmaceutical industry surged by 402.95% year-on-year, although the gross profit margin decreased by 0.82 percentage points[191] - The company's revenue in the urban construction industry soared by 1,028.59% year-on-year, with a gross profit margin increase of 28.86 percentage points[191]

证券代码：601369 证券简称：陕鼓动力 公告编号：临 2023-009 西安陕鼓动力股份有限公司 关于召开 2022 年度业绩说明会的公告 西安陕鼓动力股份有限公司（以下简称"公司"）将于 2023 年 4 月 20 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况， 公司计划于 2023 年 4 月 20 日上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关 心的问题进行交流。 一、 说明会类型 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 20 日(星期四)上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 问题征集方式：投资者可于 2023 年 4 月 13 日(星期四)至 4 月 19 日(星期三)16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,568,176,640.33, a decrease of 1.89% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥240,749,636.46, an increase of 2.89% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥218,022,074.82, reflecting a growth of 10.75% compared to the previous year[7]. - The basic earnings per share for Q3 2022 was ¥0.14, up by 7.69% year-on-year[9]. - Total operating revenue for the first three quarters of 2022 reached ¥8,448,051,108.04, an increase of 4.83% compared to ¥8,058,633,783.61 in the same period of 2021[55]. - Net profit attributable to shareholders of the parent company for the third quarter was ¥813,202,303.33, up from ¥746,545,900.80 in the previous year, reflecting an increase of 8.9%[58]. - Total comprehensive income increased to CNY 891,365,011.56 from CNY 816,362,260.06, representing a growth of approximately 9.5% year-over-year[60]. - Basic earnings per share rose to CNY 0.49 from CNY 0.44, reflecting an increase of 11.4%[60]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥26,875,322,553.40, a decrease of 1.47% from the end of the previous year[10]. - The company's total equity attributable to shareholders of ¥7,958,297,274.27, an increase of 6.05% compared to the end of the previous year[10]. - Total liabilities decreased to ¥18,440,446,907.28 from ¥19,290,027,280.56, indicating a reduction of approximately 4.4%[54]. - The company's total equity increased to ¥8,434,875,646.12, compared to ¥7,986,465,907.11, marking a growth of 5.6%[54]. - The total current assets decreased to ¥21,470,832,039.43 from ¥22,261,372,443.77, indicating a decline of about 3.6%[49]. - The company's short-term borrowings rose significantly to ¥2,707,998,528.61 from ¥1,846,576,541.05, marking an increase of approximately 46.6%[49]. - The company's fixed assets increased to ¥2,188,529,502.05 from ¥1,792,360,155.04, showing a growth of approximately 22.0%[49]. - The company's long-term receivables decreased to ¥481,655,084.89 from ¥745,512,518.99, indicating a decline of about 35.4%[49]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥932,800,884.51, down by 10.32% year-on-year[9]. - Net cash flow from operating activities decreased to CNY 932,800,884.51 from CNY 1,040,149,497.06, a decline of about 10.3%[66]. - Cash inflow from investment activities dropped significantly to CNY 2,182,877,649.56 from CNY 4,343,090,100.37, a decrease of approximately 49.7%[67]. - Net cash flow from financing activities was CNY 650,520,444.39, down from CNY 1,641,599,103.91, indicating a decline of about 60.3%[67]. - Total cash outflow from operating activities was CNY 5,520,039,042.08, down from CNY 5,842,569,822.76, a reduction of about 5.5%[66]. - The company experienced a net decrease in cash flow from investment activities of CNY -221,138,008.22, contrasting with a positive cash flow of CNY 912,715,952.81 in the previous year[67]. - The company’s total cash inflow from financing activities increased to CNY 4,605,329,146.01 from CNY 3,542,515,525.37, an increase of approximately 30%[67]. Innovation and Development - The company has developed a three-in-one air compressor system for a bio-chemical energy integrated smart industrial park, showcasing innovation in energy solutions[19]. - The company completed a 300MW compressed air energy storage system with an overall efficiency of 90%, utilizing advanced axial compressors[20]. - The company has achieved domestic leadership in high-pressure axial compressor technology, with industrial application efficiency reaching 91.4%[22]. - The company has developed a CO2 compression technology solution for the largest coal-fired power plant CCUS project in China, positioning itself at the forefront of the carbon capture market[23]. - The company has made significant advancements in the development of domestically produced multi-axis compressors, achieving record performance in product applications[24]. - The company has led the research and formulation of 52 new standards, enhancing its market influence and brand recognition[24]. - As of September 2022, the company holds a total of 356 patents, including 64 invention patents, 276 utility model patents, and 16 design patents[25]. - The company’s intelligent manufacturing strategy has led to a 15% increase in production management efficiency through the implementation of smart projects[33]. - The company’s smart service platform has reduced service project durations by an average of over 20% and decreased the need for service personnel by 1.2 per site[34]. - The company’s AI-driven control project in the petrochemical sector reduced daily operator intervention by 50% and improved production stability by over 10%[37]. - The company has developed a new service model focusing on cost reduction, quality improvement, and energy efficiency upgrades, enhancing its competitive edge in the market[27]. - The company has established a high-performance supercomputing platform, shortening new product development cycles by over 10%[33]. Market Expansion and Recognition - The company signed a contract for a turbine-driven unit for an industrial facility in Europe, marking its first entry into the European petrochemical market with domestically designed and manufactured turbines[19]. - A significant project in India involves a 5,499m³ blast furnace supporting BPRT project, utilizing the world's largest AV80BPRT unit, representing a major breakthrough in the Indian market[19]. - The company participated in multiple trade fairs to enhance brand visibility and market expansion, significantly improving its industry recognition[40]. - The company received several awards, including being named one of the "Top 500 New Economy Enterprises in China" for 2021, enhancing its brand reputation[40]. - The company is committed to continuous improvement in brand influence through various skill competitions and training initiatives for its employees[43]. Research and Development Expenses - Research and development expenses for the first three quarters amounted to ¥312,223,367.24, up from ¥257,086,559.32, representing a 21.5% increase year-over-year[55].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,879,874,467.71, an increase of 8.07% compared to ¥5,440,874,761.56 in the same period last year [20] - The net profit attributable to shareholders of the listed company was ¥572,452,666.87, reflecting an increase of 11.68% from ¥512,563,035.04 in the previous year [20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥502,229,519.78, up 19.30% from ¥420,966,211.17 year-on-year [20] - The net cash flow from operating activities was ¥663,459,951.74, which is a 6.85% increase compared to ¥620,902,641.81 in the same period last year [20] - The net assets attributable to shareholders at the end of the reporting period were ¥7,625,646,629.71, a 1.62% increase from ¥7,504,245,917.85 at the end of the previous year [20] - Total assets at the end of the reporting period were ¥26,513,817,300.21, showing a decrease of 2.80% from ¥27,276,493,187.67 at the end of the previous year [20] - Basic earnings per share for the reporting period (1-6 months) increased to 0.35 CNY, up 12.90% from 0.31 CNY in the same period last year [22] - Diluted earnings per share rose to 0.33 CNY, reflecting a 6.45% increase compared to 0.31 CNY in the previous year [22] - The weighted average return on equity increased to 7.31%, up 0.24 percentage points from 7.07% year-on-year [22] Business Strategy and Market Position - The company is positioned as a leader in the equipment manufacturing industry, benefiting from rapid market demand growth driven by dual circulation and infrastructure investment recovery [29] - The company’s business model includes a "1+7" service framework, providing seven value-added services centered around distributed energy system solutions [29] - The company is focusing on optimizing energy consumption and operational costs through intelligent control and professional operation modes in distributed energy solutions [30] - The company is integrating automation and information technology to develop intelligent products and services for the distributed energy sector [34] - The company is enhancing supply chain efficiency by collaborating with top domestic and international suppliers to reduce procurement costs and cycles [34] - The company is building a financial service system around the distributed energy market, offering personalized financial solutions to support industry development [34] - The company has implemented a "made-to-order" production model, ensuring timely delivery by balancing production capacity according to sales contracts [35] - The company has achieved significant improvements in production efficiency through digital transformation and lean manufacturing practices, enhancing core manufacturing capabilities [35] - The company focuses on distributed energy system solutions, enhancing its core capabilities in equipment, engineering, operations, services, finance, and intelligence [43] Project Developments and Innovations - The company has signed contracts for significant projects, including an 11,000 tons/year battery-grade nickel cobalt project, marking a breakthrough in the hydrometallurgy sector [46] - The company is actively expanding its overseas market presence, establishing institutions in countries like Indonesia and leveraging the "Belt and Road" initiative [49] - The company has developed a customized energy interconnection island solution that has reached international leading standards, enhancing its market competitiveness [43] - The company has signed a 700,000 m³/day coal-to-natural gas liquefaction project, marking the first application of centrifugal compressor units in this field, providing valuable system solutions for cost reduction and energy saving [53] - The company secured a 700,000 tons/year high-end polyolefin project, which is the first polyethylene compressor that breaks foreign technology monopolies, significantly reducing costs for users [53] - The company signed multiple projects including a 850,000 tons/year hydrogenation unit and a 650,000 tons/year C2 recovery unit, marking its entry into the large-scale refining sector with high-end centrifugal compressors [53] - A 400,000 tons/year silicone project was signed, establishing a foundation for the company's expansion into the domestic silicone market, which has significant growth potential due to its wide applications [53] - The company signed a CO2 compression project for a 500,000 tons/year carbon reduction and resource utilization demonstration project, achieving a 100% utilization rate of captured CO2 [55] - The company developed a high-concentration NOx recovery unit for nickel-cobalt extraction, significantly reducing costs and environmental impact in the nickel-cobalt wet smelting process [55] - The company signed a project for a dual-drive sulfuric acid production unit, which can save approximately 87,500 tons of standard coal per year and reduce CO2 emissions by 21,800 tons annually [55] - The company made a breakthrough in the Indian market with a project for 30,000 air separation compressors, marking a significant entry into the Indian air separation market [55] - The company achieved its first export of a natural gas booster compressor in the Middle East, opening up the market for further expansion in the region [55] Technological Advancements - The company continues to focus on technological advancements to maintain its industry-leading position, ensuring sustainable growth and market competitiveness [56] - The company has launched 107 research projects under the 2022 Technology Advancement Plan, enhancing its core competitiveness significantly [59] - The successful trial of the 100,000 Nm³/h air separation compressor demonstrates the company's international leading technology, achieving energy savings of over 6 million kWh and reducing CO2 emissions by over 4,873 tons annually [60] - The company has developed a single-stage cantilever compressor, breaking foreign technology monopolies, and has successfully won bids for multiple units [61] - The world's largest single-line phthalic anhydride project has been successfully commissioned, improving energy efficiency by 4%-5% compared to traditional processes [61] - The company has optimized centrifugal compressor design software, enhancing product design efficiency and reducing delivery times [62] - A total of 49 new standards have been approved, including 19 national standards, enhancing the company's market influence [65] - The company has accumulated 339 patents, including 64 invention patents, strengthening its competitive edge in technology products [65] Environmental and Social Responsibility - The company is committed to achieving carbon neutrality goals, providing green transformation solutions for high-energy-consuming industries [40] - The company has received industry recognition for its "service-oriented manufacturing" model, promoting collaboration in energy services and innovation-driven platforms [52] - The company has established a wastewater treatment system with a design capacity of 300m³/d, which has been operating normally and meets discharge standards [121] - The company recovered 5,527 GJ of renewable energy, equivalent to saving 1.53 million kWh of electricity, resulting in a reduction of CO2 emissions by 97.51 tons during the first half of 2022 [131] - The company has implemented various environmental management measures, achieving compliance in waste disposal and emissions standards without any major environmental pollution incidents [130] - The company has established a comprehensive environmental emergency response system to effectively manage and mitigate environmental risks [124] - The company has obtained a pollution discharge permit, ensuring compliance with environmental regulations and timely public disclosure of environmental information [125] - The company has installed eight sets of air pollution control facilities to ensure that emissions from production processes meet regulatory standards [121] - The company has been actively monitoring various pollutants, conducting annual assessments to ensure compliance with environmental standards [126] - The company actively participated in poverty alleviation and rural revitalization efforts, helping local communities achieve comprehensive poverty alleviation by the end of 2020 [132] Financial Management and Investments - The company has established a mechanism for extreme weather early warning and prevention to ensure zero injuries and asset losses [82] - The company has been recognized multiple times for its contributions to advanced manufacturing and has received various awards, including the "2021 China New Economy Enterprises Top 500" [87] - The company is actively involved in rural revitalization efforts, assisting local communities in poverty alleviation and education initiatives [90] - The company has adjusted its financial management strategy to reduce wealth management products, leading to a decrease in investment income from these products [91] - The company is actively pursuing low-cost financing and new gas investment projects, resulting in increased borrowings [91] - The company has approved investment projects including a 70,000-ton LNG project and a coking gas utilization project [110] - The company has established a comprehensive risk management system for its financing sales projects, including risk identification and assessment measures [167] - The company has a total of 29,273 common stock shareholders as of the end of the reporting period [180] - The company has a long-term commitment from Shaanxi Guofeng Group to avoid engaging in competitive businesses since November 16, 2007 [135] - The company has a long-term commitment from China Standard Industrial Group to prevent competition since November 26, 2007 [135] Shareholder and Corporate Governance - The company has made changes in its board of directors, electing Liu Jinping as a new director [115] - The company did not propose any profit distribution or capital reserve fund transfer for the half-year period [116] - As of March 23, 2022, the company completed the cancellation of 147,360 restricted stock units as part of its equity incentive plan [116] - The top shareholder, Shaanxi Blow Fan (Group) Co., Ltd., holds 976,653,706 shares, representing 56.56% of the total shares [180] - The total number of unrestricted circulating shares held by Shaanxi Blower (Group) Co., Ltd. is 976,653,706 shares [186] - The total number of unrestricted circulating shares held by Xi'an Industrial Investment Group Co., Ltd. is 86,652,817 shares [186] - The total number of unrestricted circulating shares held by Industrial Bank Co., Ltd. - Xinguang Trend Investment Mixed Securities Investment Fund is 27,265,761 shares [186] - The total number of unrestricted circulating shares held by China Everbright Bank Co., Ltd. - Xinguang Business Model Preferred Mixed Securities Investment Fund (LOF) is 25,752,123 shares [186] - The total number of unrestricted circulating shares held by China Merchants Bank Co., Ltd. - Xinguang Light Asset Investment Mixed Securities Investment Fund (LOF) is 18,820,603 shares [186] - The total number of unrestricted circulating shares held by Li Taijie is 18,540,000 shares [186] - The total number of unrestricted circulating shares held by Chai Changmao is 18,023,169 shares [186] - The total number of unrestricted circulating shares held by Industrial Bank Co., Ltd. - Xinguang New Vision Flexible Allocation Periodic Open Mixed Initiated Securities Investment Fund is 17,459,118 shares [186] - The total number of unrestricted circulating shares held by Huatai-PineBridge Fund Management Co., Ltd. - Social Security Fund 1103 Portfolio is 9,847,500 shares [186] - The report indicates that there are 11 shareholders with restricted shares, with the largest being Chen Dangmin holding 597,800 shares [188]

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 857,555,847.80, with the parent company achieving a net profit of CNY 722,523,770.68 after a 10% statutory surplus reserve deduction of CNY 72,252,377.07[4] - The total distributable profit for 2021 amounted to CNY 2,232,910,468.14, with a proposed cash dividend of CNY 3.10 per 10 shares, totaling CNY 535,299,688.59 to be distributed to shareholders[4] - The company's operating revenue for 2021 reached ¥10,360,915,321.22, an increase of 28.47% compared to ¥8,064,929,035.08 in 2020[21] - Net profit attributable to shareholders for 2021 was ¥857,555,847.80, reflecting a growth of 25.22% from ¥684,860,890.29 in 2020[21] - The net cash flow from operating activities for 2021 was ¥1,250,472,417.45, which is a 6.52% increase from ¥1,173,903,213.68 in 2020[21] - Basic earnings per share for 2021 were ¥0.5085, up 23.57% from ¥0.4115 in 2020[21] - The weighted average return on equity increased to 11.98% in 2021, up by 1.8 percentage points from 10.18% in 2020[21] - Total assets at the end of 2021 amounted to ¥27,276,493,187.67, an 18.90% increase from ¥22,940,341,121.35 in 2020[21] - The company reported a net profit of ¥234,272,953.05 in Q1 2021, with total revenue for the same quarter at ¥2,628,944,915.85[24] - In Q2 2021, the net profit attributable to shareholders was ¥278,290,081.99, with revenue of ¥2,811,929,845.71[24] Audit and Compliance - The company has received a standard unqualified audit report from Sigma Accounting Firm[3] - The company emphasizes the importance of the accuracy and completeness of the annual report, with key management personnel declaring its authenticity[3] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[5] - The company has not disclosed any significant changes in its registered address or operational address during the reporting period[15] - The company strictly adheres to the regulations of the Company Law and Articles of Association, ensuring the supervisory board's compliance and effectiveness in overseeing financial and managerial conduct[175] - The company has established a comprehensive information disclosure management system to ensure timely and accurate information dissemination to all shareholders[175] - No insider trading incidents occurred during the reporting period, and the company complied with insider information management regulations[175] Strategic Initiatives and Market Expansion - The company expanded its international presence by establishing Shaan Gu Power (Indonesia) Co., Ltd. and securing contracts for various overseas projects, including a 200,000 tons/year comprehensive steel plant waste heat power generation project in the Philippines[31] - The company is actively pursuing overseas market expansion, establishing a presence in Indonesia and leveraging the Belt and Road Initiative to enhance its international marketing system[57] - The company has made breakthroughs in new markets, including hydrogen metallurgy and coal-to-natural gas liquefaction, focusing on energy efficiency and environmental protection[61] - The company has expanded its business from EPC to project operations, offering customized services in gas operations, smart cities, and energy interconnection[55] - The company has achieved significant advancements in technology, including the successful trial of the world's largest axial compressor, AV140, and breakthroughs in multi-axis compressor localization[51] - The company has expanded its market presence by collaborating with large domestic design institutes and engineering companies to penetrate overseas markets[45] Research and Development - The company’s research and development efforts have led to the development of advanced fluid machinery calculation methods and technologies, enhancing its competitive edge in the market[30] - The company has submitted 119 patent applications during the reporting period, with 97 patents granted, enhancing its competitive edge in core technology products[79] - The company has achieved significant technological advancements, with two technologies selected for the National Industrial Energy-Saving Technology Equipment Recommendation Directory, including the "MCRT technology" for copper smelting[80] - The company is investing heavily in R&D, with a budget allocation of 2,400.90 million for new technologies and product development[184] - The company has developed a series of energy efficiency optimization solutions, which have been applied in process industries and smart cities[56] Operational Efficiency and Cost Management - The company has implemented intelligent manufacturing strategies, achieving a 70% reduction in design cycle time for centrifugal compressors and a 15% reduction in blade manufacturing cycle time[92] - The company has developed a digital management system for steam turbine operations, reducing production cycles by 10% and improving customer satisfaction[92] - The company has successfully implemented intelligent control technologies, significantly reducing operational costs for clients, with annual savings of nearly one million yuan for certain projects[89] - The company has implemented a service intelligence platform that manages over 1,600 service contracts and 1,680 users, improving service response speed by 20% and service efficiency by 15%[93] - The industrial internet platform for intelligent operation and maintenance has covered 300 users and over 1,200 core devices, helping users recover production losses exceeding 100 million RMB due to equipment failures[93] Governance and Leadership - The company appointed a new board of directors and supervisory board on June 15, 2021, with Li Hong'an as the chairman and Chen Dangmin as the general manager[194] - The company reported a significant leadership change with the resignation of several key executives, including the previous chairman Park Haiying[197] - The company has maintained a strong governance structure with the election of new supervisory board members, including Luo Kejun as the chairman of the supervisory board[194] - The company is committed to enhancing its operational efficiency through strategic appointments in key management positions[197] - The company has demonstrated a proactive approach to governance by regularly updating its board and management structure to align with its strategic goals[194] Future Outlook - The company plans to achieve a revenue of 1,072,000 million CNY and a net profit of 98,500 million CNY in 2022[165] - Future outlook includes a projected revenue growth of 15% for the upcoming year, driven by new product launches and market expansion strategies[184] - The company has set a revenue guidance of 1.5 billion RMB for the next fiscal year, projecting a growth rate of 25%[192] - The company is focusing on the distributed energy market, providing intelligent and comprehensive energy system solutions to mitigate the impact of macroeconomic downturns[160] - The company is committed to enhancing its core capabilities in distributed energy solutions, focusing on service-oriented manufacturing and comprehensive industry capacity improvement[51]

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,907,207,379.94, representing a year-on-year increase of 10.58%[6] - The net profit attributable to shareholders was ¥278,582,143.19, an increase of 18.91% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥262,061,195.45, reflecting a growth of 34.31%[6] - The basic earnings per share for the period was ¥0.17, up by 21.43% year-on-year[6] - The diluted earnings per share was ¥0.16, an increase of 14.29% compared to the previous year[6] - The weighted average return on equity was 3.63%, an increase of 10 percentage points[9] - Total operating revenue for Q1 2022 was CNY 2,907,207,379.94, an increase of 10.6% compared to CNY 2,628,944,915.85 in Q1 2021[54] - Net profit for Q1 2022 reached CNY 299,828,711.92, compared to CNY 255,623,883.07 in Q1 2021, marking an increase of 17.3%[56] - Earnings per share for Q1 2022 were CNY 0.17, up from CNY 0.14 in Q1 2021[56] - Comprehensive income for Q1 2022 totaled CNY 308,716,578.81, compared to CNY 273,362,187.46 in Q1 2021, indicating a growth of 12.9%[56] Cash Flow and Assets - The net cash flow from operating activities decreased by 31.70% to ¥361,696,828.22 due to delayed collections caused by the Xi'an pandemic[11] - The company's cash and cash equivalents increased to ¥9,311,006,494.09 as of March 31, 2022, compared to ¥9,077,014,410.52 at the end of 2021, reflecting a growth of approximately 2.57%[44] - The total current assets decreased to ¥21,847,818,738.30 from ¥22,261,372,443.77, indicating a decline of about 1.85%[44] - The company's inventory decreased to ¥2,516,500,084.47 from ¥2,674,298,820.57, representing a reduction of approximately 5.88%[44] - The total assets amounted to ¥26,878,001,279.52, down from ¥27,276,493,187.67, showing a decrease of about 1.47%[48] - The company's total liabilities amounted to CNY 18,597,946,108.78, down from CNY 19,290,027,280.56[54] - Total equity increased to CNY 8,280,055,170.74 from CNY 7,986,465,907.11, representing a growth of 3.7%[54] Research and Development - The company has initiated 107 research projects under the 2022 Technology Advancement Plan, with 17 projects launched in Q1 2022, bringing the total to 109 projects, of which 92 have been completed[24] - Research and development expenses for Q1 2022 were CNY 88,375,623.48, an increase from CNY 71,665,589.05 in Q1 2021, reflecting a growth of 23.3%[54] - The company has developed new products including large air separation compressors and ethylene units, achieving international first-class technical standards, which will support the national industrial development and carbon neutrality goals[24] Market Expansion and Projects - In Q1 2022, the company achieved significant breakthroughs in new markets, including the signing of a 700,000 m³/day coal-to-natural gas liquefaction project, marking the first application of centrifugal compressor units in this field[19] - The company signed a project for a 700,000 tons/year high-end polyolefin cyclic gas compressor unit, which is the first polyethylene compressor developed by the company, breaking the foreign technology monopoly[20] - The company entered the catalytic gasoline hydrogenation field with a project for an 850,000 tons/year hydrogen compressor unit, establishing a solid foundation for the application of centrifugal compressors in mainstream processes[20] - The company signed a project for a 400,000 tons/year silicone project, marking the first application of centrifugal compressor units in the silicone industry in China[22] - The company achieved a breakthrough in the Indian market with a project for 30,000 air separation compressors and boosters, establishing a foothold in the large air separation market in India[22] Operational Efficiency and Innovations - The company has implemented intelligent manufacturing strategies, achieving 100% contract fulfillment during the pandemic, and has developed automated control systems for offshore platforms[35] - The company has completed a digital rapid development process for customized production, achieving 35% of the project workload[36] - The company has established a service intelligence platform to provide comprehensive lifecycle services in distributed energy systems, enhancing operational efficiency by over 23%[36] - The company has successfully developed a safety positioning system for a steel rolling workshop, integrating smart identification and remote fault warning[36] Corporate Social Responsibility - The company has implemented a rural revitalization plan, sending 2 employees to support local villages, which is part of its corporate social responsibility efforts[41] - The company emphasizes a customer-centric culture, promoting the idea that "the customer is always right" to enhance service quality and brand strength[40] Financial Obligations - The company's short-term borrowings slightly increased to ¥1,849,519,784.19 from ¥1,846,576,541.05, reflecting a marginal rise of 0.05%[48] - The accounts payable rose to ¥5,177,569,622.25 from ¥4,829,020,388.57, indicating an increase of approximately 7.23%[48] - The company reported a decrease in tax expenses to CNY 64,548,619.02 from CNY 56,731,651.27 in the previous year[56] - The company’s financial expenses included interest expenses of CNY 29,211,800.03, up from CNY 19,780,787.88 in Q1 2021[54]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,617,759,022.05, representing a year-on-year increase of 34.19%[7] - The net profit attributable to shareholders for Q3 2021 was ¥233,982,865.76, an increase of 25.32% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥196,853,008.05, up 37.42% year-on-year[7] - The net profit attributable to shareholders for the year-to-date period reached ¥746,545,900.80, a 32.63% increase compared to the same period last year[7] - Total operating revenue for the first three quarters of 2021 reached ¥8,058,633,783.61, an increase of 37.3% compared to ¥5,874,008,968.37 in the same period of 2020[62] - The net profit for the third quarter of 2021 was CNY 817,196,976.96, an increase of 33.7% compared to CNY 611,503,974.27 in the same period of 2020[64] - The total comprehensive income for the third quarter was CNY 816,362,260.06, an increase from CNY 576,036,598.12 in the same period last year[67] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥26,707,893,043.04, reflecting a 16.42% increase from the end of the previous year[10] - The total assets of the company reached ¥26,707,893,043.04, up from ¥22,940,341,121.35, representing a growth of 16.5%[59] - Current liabilities totaled ¥17,585,436,535.28, an increase from ¥14,956,469,195.87, reflecting a rise of 9.5%[58] - Long-term borrowings increased significantly to ¥722,460,462.18 from ¥94,122,787.50, marking a substantial rise of 667.5%[59] - The company's total liabilities reached ¥18,901,881,468.82, compared to ¥15,578,765,587.97, which is an increase of 21.5%[59] - The equity attributable to shareholders amounted to ¥7,348,181,403.93, up from ¥6,966,983,139.47, indicating a growth of 5.5%[59] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was ¥1,040,149,497.06, showing a growth of 6.84%[10] - The cash and cash equivalents at the end of the reporting period were not specified but are critical for assessing liquidity and operational flexibility[59] - The company's cash and cash equivalents amounted to ¥9.18 billion, an increase of 46.5% from ¥6.29 billion on December 31, 2020[51] - The company's investment activities generated a net cash flow of CNY 912,715,952.81, compared to CNY 180,524,320.28 in the same period last year, showing significant improvement[74] Projects and Contracts - The company signed a contract for a 150,000 tons/year phthalic anhydride project, which is the largest phthalic anhydride project globally, featuring a 69MW turbine and the largest electric generator in the industry[20] - A contract was signed for a 900,000 tons/year propane dehydrogenation project, marking the largest scale of such a project globally, enhancing the company's competitive edge in the market[20] - The company achieved a breakthrough in the synthesis gas operation market with a contract for a project producing 240,000 tons/year of ammonia and 170,000 tons/year of LNG[20] - The company signed a project for a 189 billion cubic meters/year natural gas transmission station, expanding its market presence in the pipeline sector[23] Research and Development - The company has filed 78 patent applications, including 18 inventions, and has been granted 77 patents, with 60 valid invention patents as of September 2021[30] - The company developed a new type of high-reliability blade root, completing multiple product applications in various fields[24] - The company established a full-process development model for multi-axis gearboxes, achieving a 60% reduction in production cycle compared to imported products[24] - The company has completed the development of a single-shaft closed large flow coefficient basic level, reducing the compressor model size by one level and improving efficiency by 3%[24] Operational Efficiency and Innovations - The efficiency of the axial flow compressor reached an international leading level, with a specific user achieving an operational efficiency of 92.6%[24] - The company's 3G-TRT technology has been applied in 91 units, reducing CO2 emissions by 356,400 tons per year[25] - The new generation TRT technology developed by the company achieves a maximum efficiency of 94%, with an annual CO2 reduction of 8,374.8 tons per unit[25] - The company has saved 19 million CNY annually through the innovative direct-coupled design of a 270,000-ton nitric acid unit, recovering investment costs in about one year[28] - The coal-to-ethylene glycol steam-electric co-driven pump units save users 36 million CNY annually by efficiently utilizing low-quality steam[28] Corporate Social Responsibility and Recognition - The company has implemented a poverty alleviation program, successfully helping two villages achieve full poverty alleviation by the end of 2020[47] - The company has received appreciation letters from nearly 20 domestic and international users in the first three quarters of 2021, marking a historical high for the company[42] - The company has been recognized for its successful transformation and contributions to the energy revolution by prominent figures, including the former chairman of China Datang Group[42] - The company has developed cultural activities to strengthen internal cohesion and promote a spirit of hard work among employees[41] - The company has received various awards for its employees' contributions to party work and technological innovation in the mechanical industry[46] Brand and Market Presence - The company participated in multiple exhibitions, enhancing its brand image as a "smart distributed energy system solution expert"[42] - The company has established a new media matrix to support market expansion and enhance brand management[42] - The service intelligence platform has been fully deployed, improving the company's ability to provide systematic solutions and winning awards for its innovative projects[40]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a year-on-year growth of 15%[15]. - The net profit for the first half of 2021 reached 200 million RMB, representing a 20% increase compared to the same period last year[15]. - The company's operating revenue for the first half of the year reached ¥5,440,874,761.56, representing a 38.68% increase compared to the same period last year[21]. - Net profit attributable to shareholders was ¥512,563,035.04, up 36.25% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥420,966,211.17, reflecting a significant increase of 77.33% compared to the previous year[21]. - Future guidance suggests a revenue target of 1 billion RMB for the full year 2021, with an expected growth rate of 18%[15]. - The company reported a total revenue of 289,814.05 million CNY, with a year-on-year growth of 27.60%[93]. - The revenue from the industrial gas production segment reached 16,547.57 million CNY, representing a 63.94% contribution margin[93]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[15]. - The company is focusing on the distributed energy market, aiming to enhance its market share and revenue in this sector[96]. - The company is exploring opportunities in emerging markets along the "Belt and Road" initiative, particularly in India, Indonesia, and the Philippines, where there is significant demand for industrial materials and energy solutions[39]. - The company is actively expanding its overseas market presence, particularly along the "Belt and Road" initiative, by collaborating with major domestic design institutes and engineering companies[49]. Research and Development - The company has allocated 50 million RMB for research and development in new technologies for the upcoming fiscal year[15]. - The company is committed to continuous technological innovation, with 69 ongoing research projects aimed at enhancing its core capabilities in large-scale chemical equipment manufacturing[56]. - The company is actively developing new technologies and products, including high-pressure axial compressors and energy recovery turbines, to enhance market competitiveness[44]. - Research and development expenses increased by 27.17% to ¥181,946,937.87, up from ¥143,078,370.05, indicating a focus on enhancing R&D efforts[83]. Operational Efficiency - The company has implemented new strategies to enhance operational efficiency, aiming for a 15% reduction in production costs by 2022[15]. - The company has enhanced production efficiency through continuous process improvement and is moving towards digital, intelligent, and lean manufacturing[37]. - The company is leveraging advanced operational management and smart process control to enhance the efficiency and stability of its energy infrastructure operations[33]. - The company aims to optimize energy consumption and costs through integrated solutions in energy conversion and management[30]. Financial Management - The company has established a financial service system centered around the distributed energy market, providing personalized financial solutions such as investment operations and financing leasing[34]. - The company is enhancing its financial capabilities by innovating financial solutions and building a capital platform to effectively connect industrial, financial, and capital market resources[47]. - Financial risks are present due to the increasing accounts receivable as the company expands its operations[96]. - The company is exploring financial cooperation with banks and leasing companies to mitigate risks associated with customer defaults[97]. Environmental and Social Responsibility - The company has established a comprehensive environmental energy management system to monitor and record various environmental metrics, achieving energy conservation and emission reduction goals[124]. - The company achieved a reduction of 64.7 tons in CO2 emissions compared to the previous year through the use of renewable geothermal energy, solar energy, and energy recovery processes[125]. - The company engaged in poverty alleviation and rural revitalization efforts, sending 2 employees to assist in targeted poverty alleviation work[126]. - The company has been recognized for its contributions to poverty alleviation, with an employee awarded the title of "Advanced Individual in Poverty Alleviation" in Shaanxi Province[80]. Governance and Corporate Structure - The company appointed new board members and management, indicating a shift in governance structure[103]. - The company held its 2021 second extraordinary general meeting on June 15, 2021, where the eighth board of directors and supervisory board members were elected[104]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[105]. - The company has not encountered any major litigation or arbitration matters during the reporting period[135].

Financial Performance - Operating revenue for the period was ¥2,628,944,915.85, representing a 47.00% increase year-on-year[10]. - Net profit attributable to shareholders was ¥234,272,953.05, up 36.53% from the same period last year[10]. - Basic earnings per share rose to ¥0.14, reflecting a 40.00% increase year-on-year[10]. - The total profit for Q1 2021 was ¥312,355,534.34, a 34.52% increase from ¥232,192,746.33 in the previous year[39]. - The net profit for Q1 2021 reached approximately ¥255.62 million, representing a 37.7% increase compared to ¥185.57 million in Q1 2020[71]. - The company reported a profit margin of approximately 9.7% in Q1 2021, compared to 10.4% in Q1 2020[71]. - The company reported a significant increase in other income, which rose by 148.08% to ¥11,608,686.56, compared to ¥4,679,485.73 in the previous year[39]. - The company’s net profit for the first quarter of 2021 reached ¥195.32 million, up from ¥156.21 million in the first quarter of 2020, indicating a growth of approximately 25.1%[78]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,777,866,893.21, an increase of 8.01% compared to the end of the previous year[10]. - The company's total assets increased to ¥24.78 billion from ¥22.94 billion, reflecting a growth of about 8.0%[57]. - The total current assets reached RMB 21.32 billion, up from RMB 19.66 billion at the end of 2020, indicating a growth of approximately 8.4%[55]. - The company's long-term receivables rose significantly to RMB 228.83 million from RMB 73.20 million, indicating a substantial increase[57]. - Total liabilities reached ¥16,701,573,835.71, up from ¥14,778,801,870.42, which is an increase of 12.3%[66]. - The company's long-term borrowings increased by 212.47% to ¥294,107,607.10, up from ¥94,122,787.50, indicating a rise in financing activities[36]. Cash Flow - Net cash flow from operating activities was ¥529,548,097.87, a 37.33% increase compared to the previous year[10]. - Cash inflows from operating activities in Q1 2021 amounted to ¥2.32 billion, a significant rise from ¥1.35 billion in Q1 2020, marking an increase of approximately 71.8%[80]. - The net cash flow from operating activities for Q1 2021 was ¥529.55 million, compared to ¥385.60 million in Q1 2020, representing an increase of about 37.3%[80]. - The net cash flow from investment activities for Q1 2021 was ¥780.67 million, a turnaround from a negative cash flow of ¥380.91 million in Q1 2020[83]. - The ending balance of cash and cash equivalents as of the end of Q1 2021 was ¥7.06 billion, compared to ¥3.98 billion at the end of Q1 2020, reflecting a growth of about 77.5%[83]. Shareholder Information - The total number of shareholders at the end of the reporting period was 32,997[16]. - The largest shareholder, Shaanxi Blower (Group) Co., Ltd., holds 58.20% of the shares[16]. Research and Development - Research and development expenses increased by 55.01% to ¥71,665,589.05, up from ¥46,233,593.51, indicating a significant investment in innovation[39]. - The company initiated 58 research projects in 2021 to enhance the competitiveness of core products in the distributed energy sector, focusing on high-end chemical equipment[22]. - The company has filed 8 patent applications and received 34 patents, including 1 invention patent, enhancing its intellectual property portfolio[24]. Contracts and Projects - The company signed a contract for a 80,000 Nm³/h oxygen separation compressor unit for a copper smelting project, marking a significant entry into the large-scale oxygen separation market in the non-ferrous metallurgy sector[19]. - The company secured contracts for two hydrogen process gas and cooling gas compressor systems for a hydrogen energy development project, addressing environmental pollution and carbon emissions in the steel metallurgy process[19]. - The company signed a significant contract with Beijing Sanju Environmental Protection New Materials Co., Ltd. for the supply and installation of heating equipment, totaling RMB 386 million, currently in execution[48]. - A contract for the gas pipeline project with Shaanxi Natural Gas Co., Ltd. was signed for RMB 261.96 million, with all units delivered and operational[48].

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 684,860,890.29, with the parent company achieving a net profit of CNY 578,022,652.68 after a 10% statutory surplus reserve allocation of CNY 57,802,265.27[5] - The total distributable profit for 2020 was CNY 2,052,467,939.77, with a proposed cash dividend of CNY 2.80 per 10 shares, totaling CNY 469,828,865.24 (including tax)[5] - The company's operating revenue for 2020 was CNY 8,064,929,035.08, representing a 10.42% increase compared to CNY 7,303,968,264.07 in 2019[24] - The net profit attributable to shareholders for 2020 was CNY 684,860,890.29, up 13.55% from CNY 603,138,697.13 in 2019[24] - The net profit after deducting non-recurring gains and losses was CNY 522,094,797.86, a significant increase of 67.97% compared to CNY 310,821,230.33 in 2019[24] - The net cash flow from operating activities reached CNY 1,173,903,213.68, which is a 28.18% increase from CNY 915,853,073.84 in 2019[24] - The total assets at the end of 2020 were CNY 22,940,341,121.35, reflecting an 11.04% increase from CNY 20,660,136,875.04 at the end of 2019[24] - The basic earnings per share for 2020 was CNY 0.4115, a 13.52% increase from CNY 0.3625 in 2019[25] - The diluted earnings per share for 2020 was CNY 0.4085, up 12.94% from CNY 0.3617 in 2019[25] - The weighted average return on equity for 2020 was 10.18%, an increase of 0.96 percentage points from 9.22% in 2019[25] Audit and Governance - The company has received a standard unqualified audit report from Sigma Accounting Firm[3] - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4] - The company has not disclosed any significant changes in its governance structure or shareholder situation[8] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - There are no violations of decision-making procedures regarding external guarantees[6] Market and Business Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[31] - The company operates in three main business segments: energy conversion equipment manufacturing, industrial services, and energy infrastructure operation[35] - The company is transitioning from a single product manufacturer to a provider of distributed energy system solutions, significantly improving overall energy efficiency[36] - The company is actively expanding into process industries, smart cities, and overseas markets, integrating green, intelligent, and interconnected energy solutions[41] - The company has implemented a direct procurement strategy for key components to enhance supply chain competitiveness and reduce costs[37] - The company’s sales strategy includes direct and indirect sales models, particularly focusing on large clients in emerging markets along the Belt and Road Initiative[40] - The company aims to provide customized financial solutions to address the financial challenges faced by upstream and downstream enterprises[46] Research and Development - The company has applied for 114 patents, with 51 valid patents authorized by the end of 2020, including 27 inventions[67] - The company has participated in and approved 9 national and industry standards during the reporting period, bringing the total to 54 standards by the end of 2020[66] - The company has completed the performance testing of the AVH test machine and developed a pneumatic quotation software, enhancing its R&D capabilities[62] - The company has successfully developed a non-uniform thickness blade forming technology, reducing manufacturing costs while maintaining precision[62] - The company achieved over 60 orders for the 3G-TRT system in 2020, with efficiency improvements of 5% to 10% compared to traditional TRT systems[63] Financial Management - The company reported a significant increase in cash and cash equivalents, totaling ¥6,290,940,133.09, which is a 42.65% increase from the previous year[106] - The company’s financial expenses decreased by 137.18% due to increased interest income from deposit products[100] - The company has established financial cooperation with various banks and leasing companies to expand market reach and accelerate receivables collection, although this poses a risk of repurchase liability due to customer defaults[154] - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[158] Corporate Social Responsibility - The company has been recognized for its corporate social responsibility efforts, having published its CSR report for ten consecutive years and receiving accolades for its sustainability initiatives[84] - The company has been actively involved in poverty alleviation efforts, supporting local communities through various initiatives, including educational funding and infrastructure improvements[85] - The company has developed a comprehensive strategy to enhance its brand value and cultural initiatives, focusing on team building and employee engagement[78] Challenges and Risks - The company faces challenges from macroeconomic downturns affecting traditional market demand and competition for talent in expanding new businesses[142][143] - The company is committed to addressing financial risks associated with growing accounts receivable and the need for increased investment in technology research and development[151] Future Outlook - The company plans to achieve a revenue of 920,000.00 million CNY in 2021, with a net profit target of 77,600.00 million CNY[147] - The company anticipates significant market opportunities arising from the ongoing energy revolution and carbon neutrality strategies in China[134] - The company is focusing on distributed energy market expansion, responding to national supply-side structural reforms and energy-saving policies[136]