Financial Performance - For the six months ended June 30, 2022, the company achieved a total revenue of approximately RMB 55,033.1 million, a decrease of 4.6% year-on-year [10]. - The net profit attributable to shareholders of the parent company was approximately RMB 1,835.6 million, a decrease of 4.0% year-on-year, with basic earnings per share of RMB 0.13, down 7.1% year-on-year [10]. - The company's operating revenue for the first half of 2022 was approximately RMB 55,033.1 million, a decrease of 4.6% year-on-year [25]. - The gross profit from core business activities was approximately RMB 8,149.6 million, reflecting a decline of 11.7% compared to the previous year [25]. - The total profit for the period was approximately RMB 3,374.5 million, down 23.6% year-on-year [29]. - Net profit for the first half of 2022 was approximately RMB 2,419.5 million, a decrease of 24.8% compared to the same period last year [29]. - The total comprehensive income for the first half of 2022 was approximately RMB 2.34 billion, down from RMB 3.32 billion in the same period of 2021 [131]. - The company reported a significant increase in operating outside income, which rose to approximately RMB 1.26 billion from RMB 511.75 million in the previous year [130]. - The financial expenses increased to approximately RMB 1.52 billion, compared to RMB 1.36 billion in the first half of 2021, primarily due to higher interest expenses [130]. Market and Business Strategy - The company strengthened strategic resource reserves, with new mineral reserves in Inner Mongolia of nearly 250 million tons and new land reserves in Beijing of approximately 86,000 square meters [12]. - The company focused on technological innovation, identifying 16 key research projects and organizing 5 projects under a "challenge" mechanism, resulting in 5 provincial-level technology awards and 225 authorized patents [12]. - The company emphasized the development of new materials and digital intelligence to address critical technological challenges [12]. - The company aims to stabilize its operations in the green building materials sector by focusing on "stabilizing prices, increasing volume, and ensuring quality" in its cement business [14]. - The company plans to enhance its market control in key regions and accelerate market integration in Northeast and Northwest China [14]. - The company is committed to digital transformation as a key strategy to achieve high-quality completion of its annual work [14]. - The company aims to strengthen its market position through strategic restructuring and internal integration, enhancing its competitive advantages and sustainable development benefits [46]. - The company is actively promoting green supply chain construction and zero-carbon building initiatives [68]. Real Estate Development - The real estate development segment achieved dual increases in new project launches and non-residential product sales despite market challenges [12]. - The real estate development business has developed approximately 170 projects, with a total construction area exceeding 30 million square meters and total assets exceeding 150 billion RMB [20]. - The real estate development and operation segment reported revenue of RMB 16,437.9 million, down 13.5% year-on-year, with a gross profit margin of 18.3% [37]. - The real estate market is experiencing a recovery phase, with key cities showing signs of stabilization in transaction volumes [22]. - The company is actively adapting to the new normal of pandemic prevention and control, optimizing its product offerings and brand strength in the real estate sector [14]. Environmental and Sustainability Initiatives - The company is focusing on ecological and low-carbon development, implementing the "14th Five-Year Plan" to enhance service levels and support the construction of Beijing's "Four Centers" [44]. - The company has implemented a clean production approach, focusing on energy saving, carbon reduction, and pollution reduction [51]. - The company has established a carbon capture and utilization project with an annual capacity of 1,500 tons and a CO2 capture demonstration project with a capacity of 100,000 tons per year [68]. - The cement industry has achieved a year-on-year reduction of approximately 2% in CO2 emissions per ton of clinker [69]. - The company has engaged in various environmental protection and low-carbon development promotional activities, with over 37,800 employees participating in online commitments [67]. Financial Position and Cash Flow - The total assets of the company were approximately RMB 283,932.2 million, a slight decrease of 0.8% year-on-year [27]. - The total liabilities were approximately RMB 185,808.3 million, with a debt-to-asset ratio of 65.4%, a decrease of about 1.2 percentage points from the beginning of the reporting period [58]. - The company's cash and cash equivalents decreased by 11.4% to RMB 19,421.0 million [27]. - The group has established a series of mechanisms to ensure timely payment of bond principal and interest, including the establishment of dedicated accounts for fundraising and debt repayment [59]. - The company reported a significant increase in long-term receivables, which rose to RMB 3.63 billion from RMB 1.00 billion, reflecting a growth of approximately 262.73% [127]. - The company's cash flow from operating activities was not detailed, indicating a focus on financing activities during the period [66]. Research and Development - The company has initiated 21 key scientific research projects for 2022, including 4 major technology projects and 9 key technology projects related to "green and new" initiatives [48]. - The company achieved a total of 72 national high-tech enterprises, with 216 provincial-level technology platforms established, and 225 patents granted, including 39 invention patents [48]. - Research and development expenses increased to approximately RMB 196.41 million, up 9.8% from RMB 179.59 million in the same period of 2021 [130]. Corporate Governance and Investor Relations - The company actively engaged in investor relations activities, including online performance briefings and meetings with analysts and fund managers during the reporting period [90]. - The audit committee reviewed the unaudited interim consolidated financial statements for the six months ended June 30, 2022, and recommended their adoption to the board [121]. - The company’s interim financial statements were reviewed by Ernst & Young Hua Ming LLP, ensuring compliance with accounting standards [123]. - The company maintained close communication with media outlets to enhance public awareness and strengthen its corporate image [93].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 55,033,121,530.89, a decrease of 4.64% compared to CNY 57,713,656,876.27 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 1,835,550,026.15, down 3.99% from CNY 1,911,844,630.53 year-on-year[13]. - The net profit after deducting non-recurring gains and losses was CNY 598,458,285.96, a significant decrease of 59.42% compared to CNY 1,474,885,330.43 in the previous year[13]. - The net cash flow from operating activities was CNY 3,751,692,844.27, representing a decline of 65% from CNY 10,575,088,436.30 in the same period last year[13]. - The company reported a significant decline in cement demand due to the real estate sector's downturn, leading to a high inventory level and price competition in the industry[41]. - The company reported a total of 8.24 tons of sulfur dioxide emissions, which is below the regulatory limit of 30 mg/m³[50]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased by 7.98% to CNY 67,001,690,300.40 from CNY 62,047,950,901.03 at the end of the previous year[13]. - Total assets rose by 1.89% to CNY 283,932,219,018.89 compared to CNY 278,663,432,333.18 at the end of the previous year[13]. - The company's cash and cash equivalents at the end of the period were 19,421,041,451.93 CNY, a decrease of 11.4% from the previous year[31]. - Total current assets decreased from ¥169.96 billion to ¥161.58 billion, a decline of approximately 4.1%[95]. - Total liabilities decreased from ¥190.82 billion to ¥185.81 billion, a reduction of about 2.6%[97]. Earnings and Profitability - Basic earnings per share for the first half of 2022 were CNY 0.13, a decrease of 7.14% from CNY 0.14 in the same period last year[14]. - The diluted earnings per share were also CNY 0.13, reflecting the same percentage decrease of 7.14% year-on-year[14]. - The gross margin for the concrete business was 7.00%, down 6 percentage points year-on-year, with a sales volume of 5.13 million cubic meters, a decline of 28.8%[26]. - The company reported a total comprehensive income of RMB 1,791,102,777.14 for the period, indicating a recovery from previous losses[114]. Investment and Capital Expenditure - The company has initiated the construction of the Jidong Cement Panshi Green Building Materials Industrial Park, enhancing its development foundation in Northeast China with a focus on green development[23]. - The company has added 249 million tons of new mining reserves in the Inner Mongolia region, addressing historical challenges in resource extraction[23]. - The company reported a total investment in joint ventures of approximately 2.5 billion CNY, with significant contributions from various subsidiaries[36]. - The company reported a significant increase in investment in Nanjing Huayu Real Estate Development Co., Ltd. by 40.07 million CNY, totaling 498.45 million CNY[37]. Research and Development - The company’s investment in new technologies includes high-efficiency cement vertical mills and waste disposal systems, achieving industry-leading standards[21]. - The company reported research and development expenses increased to CNY 196,413,341.28 in the first half of 2022, compared to CNY 179,590,663.30 in the same period of 2021, representing a growth of 9.34%[101]. - The company has achieved a total of 225 authorized patents, including 39 invention patents and 3 software copyrights, reflecting its commitment to technological innovation[23]. Environmental Compliance - The company is committed to maintaining compliance with environmental standards while pursuing growth strategies[52]. - The company has implemented measures to ensure that emissions from its facilities remain compliant with national standards, reflecting a proactive approach to environmental management[57]. - The company achieved a total of 3.25 tons of sulfur dioxide emissions, under the limit of 30 mg/m³[50]. - The company completed the construction of 8 SCR denitrification projects in the first half of 2022, enhancing nitrogen oxide emission control[60]. Market Strategy and Expansion - The company’s market expansion strategy includes entering 16 cities, with a focus on the Beijing-Tianjin-Hebei region and the Yangtze River Delta[21]. - The company plans to enhance its market position by leveraging strategic partnerships and focusing on technological innovation to drive growth in new green building materials[39]. - The company intends to capitalize on urban renewal opportunities by actively participating in land acquisition and product turnover in key cities like Beijing and Shanghai[41]. Financial Strategy - The company issued CNY 3 billion of perpetual corporate bonds, optimizing its financing structure and reducing the weighted average financing cost to 3.89%, a decrease of 44 basis points year-on-year[24]. - The company has maintained a consistent annual interest payment structure for its bonds, ensuring investor confidence[86]. - The company has not faced any overdue bonds or repayment issues during the reporting period[87]. Corporate Governance - There were significant changes in the board of directors, with the resignation of the chairman, executive director, and other key management personnel[45]. - The company reported no profit distribution or capital reserve transfer plan for the half-year period, with 0 shares for every 10 shares distributed as dividends[46]. - The company and its major shareholders maintained a good credit status, with no overdue debts or unfulfilled commitments[71].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 23,084,249,338.47, representing a year-on-year increase of 0.63%[4] - Net profit attributable to shareholders was CNY 275,674,941.62, reflecting a significant increase of 24.77% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses reached CNY 175,252,211.22, marking a substantial increase of 163.38% year-on-year[4] - Net profit for Q1 2022 was CNY 163,826,441.20, a decrease of 60.32% from CNY 412,198,960.24 in Q1 2021[19] - Operating profit for Q1 2022 was CNY 286,337,875.62, down from CNY 586,090,937.30 in Q1 2021[19] - The total comprehensive income for the first quarter of 2022 was CNY 151,173,943.78, compared to CNY 415,191,725.90 in the same period of 2021, reflecting a significant decrease[20] Cash Flow - The net cash flow from operating activities decreased by 82.06%, amounting to CNY 203,160,764.54, primarily due to reduced sales in the real estate sector impacted by the pandemic[9] - The net cash flow from operating activities was CNY 203,160,764.54, down from CNY 1,132,135,346.47 year-over-year[21] - The company's cash outflow from operating activities totaled CNY 22,907,008,171.76, compared to CNY 27,910,372,070.45 in the previous year[21] - The cash flow from operating activities was significantly impacted by a decrease in cash received from customers, which totaled CNY 23,110,168,936.30, down from CNY 29,042,507,416.92 in the previous year[21] - The total cash inflow from financing activities was CNY 18,184,385,417.34, compared to CNY 13,518,810,000.00 in the previous year[22] - The company experienced a net cash outflow from investing activities of CNY -2,173,093,503.64, compared to CNY -297,198,227.54 in the same quarter of 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 282,574,616,083.25, a decrease of 1.32% from the end of the previous year[5] - The company's total assets stood at ¥282,574,616,083.25, down from ¥286,356,810,441.58, indicating a decrease of approximately 1.4%[15] - The company's total liabilities decreased to CNY 184,103,874,939.84 from CNY 190,823,004,007.16 year-over-year[16] - Total current liabilities decreased to ¥111,187,466,260.94 from ¥119,733,796,127.82, a reduction of approximately 7.2%[15] - Long-term borrowings rose to ¥35,742,682,384.06 from ¥29,001,712,449.80, marking an increase of about 23.2%[15] - The company's total equity increased to ¥54,976,699,662.01 from ¥52,250,945,266.63 in the previous quarter[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 129,657[10] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., held 44.93% of the shares[10] Research and Development - Research and development expenses for Q1 2022 were CNY 76,886,385.31, slightly down from CNY 78,746,108.01 in Q1 2021[19] - Research and development expenses for Q1 2022 were ¥1,367,936.14, indicating a new investment in innovation[26] Investment Income - The company reported a significant decrease in investment income, with a loss of CNY 8,549,689.76 compared to a gain of CNY 61,354,610.27 in Q1 2021[19] - The company reported an investment income of ¥35,040,399.78 in Q1 2022, a significant drop from ¥1,394,657,634.37 in Q1 2021[28] Cash and Cash Equivalents - As of March 31, 2022, the company's cash and cash equivalents amounted to ¥18,275,143,479.07, a decrease of approximately 16.1% from ¥21,921,968,519.94 at the end of 2021[13] - Cash and cash equivalents at the end of the first quarter of 2022 were CNY 12,587,376,218.32, down from CNY 19,463,605,950.98 at the end of 2021[22] - The cash and cash equivalents at the end of Q1 2022 stood at ¥6,118,688,230.52, down from ¥10,105,731,357.23 at the end of Q1 2021, reflecting a decrease of 39.2%[31]

Financial Performance - The company's operating revenue for 2021 was RMB 123.63 billion, an increase of 14.5% from RMB 108.00 billion in 2020[4]. - Net profit attributable to shareholders of the parent company was RMB 2.93 billion, representing a growth of 3.1% compared to RMB 2.84 billion in 2020[4]. - The core net profit attributable to shareholders (excluding fair value gains from investment properties) was RMB 2.44 billion, a slight decrease of 0.2% from RMB 2.45 billion in 2020[4]. - Basic earnings per share remained at RMB 0.27, while diluted earnings per share increased by 5.3% to RMB 0.20 from RMB 0.19[4]. - The total profit was approximately RMB 7,880.5 million, reflecting a year-on-year increase of about 1.1%[57]. - The company achieved a revenue of approximately RMB 123,634.4 million for the year, representing a year-on-year increase of about 14.5%[43]. - The company reported a gross profit margin of 15.8% for its total operations, which decreased by 3.1 percentage points compared to the previous year[71]. Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.104 per share, a significant increase of 73.3% from RMB 0.06 in the previous year[4]. - The board proposed a final dividend of RMB 0.104 per share, totaling approximately RMB 1,110,488,198, subject to shareholder approval[135]. - The company issued a final dividend of RMB 0.06 per share for the year 2020, with the payment date on July 9, 2021[200]. - For the year 2021, the proposed final dividend is RMB 0.104 per share, with the payment date scheduled for July 8, 2022[200]. Assets and Liabilities - Total assets decreased by 1.7% to RMB 286.36 billion from RMB 291.35 billion in the previous year[4]. - The company's debt-to-asset ratio improved to 66.6%, down 1.0 percentage points from 67.6% in 2020[4]. - The group's net current assets were approximately RMB 50,224.9 million, a decrease of about RMB 13,634.5 million compared to the beginning of the reporting period[109]. - The asset-liability ratio was approximately 66.6%, a decrease of about 1.0 percentage points compared to the beginning of the reporting period[109]. - As of December 31, 2021, the company's total assets pledged for loans amounted to RMB 34,974.7 million, representing approximately 12.2% of total assets[118]. Market Position and Capacity - The company is positioned as the third-largest cement producer in China, with a clinker capacity of approximately 120 million tons and a cement capacity of about 170 million tons[8]. - Cement production capacity is approximately 120 million tons, with a concrete production capacity of about 54 million cubic meters[48]. - The company is focusing on enhancing its market control in the Beijing-Tianjin-Hebei region through mergers, restructuring, and strategic cooperation[44]. Real Estate Development - The company has developed over 170 real estate projects with a total construction area of approximately 30 million square meters and total assets of RMB 150 billion[10]. - The real estate development segment achieved a revenue of approximately RMB 39,730 million, a year-on-year increase of about 26.9%[71]. - The total area delivered during the year was approximately 1,833,600 square meters, a year-on-year increase of about 20.7%[67]. - The company acquired 9 new land parcels in 7 locations, adding a total of 760,000 square meters of equity area[44]. Technological Innovation and Development - The company emphasizes technological innovation and has created a comprehensive system of prefabricated construction products[9]. - The company is committed to technological innovation, establishing a comprehensive innovation ecosystem centered around "government-industry-academia-research-application-finance"[44]. - The company is focusing on the development of intelligent, green, ecological, and safe construction materials to establish itself as a benchmark enterprise in the industry[82]. - The company is implementing a three-year action plan for technological innovation (2021-2023) to enhance its innovation capabilities and establish a comprehensive innovation ecosystem[86]. Environmental and Social Responsibility - The company is focusing on green and low-carbon development, promoting digital transformation, and enhancing its manufacturing capabilities[80]. - The company has become the only demonstration enterprise in Beijing for the clean production partnership project in the Beijing-Tianjin-Hebei region[87]. - The company has actively promoted environmental standardization and has not experienced any major environmental pollution incidents during the reporting period[145]. - The company’s pollution emission levels are significantly lower than national special emission limits, particularly in key regions like Beijing-Tianjin-Hebei and Fenwei Plain[90]. Governance and Management - The company has established a risk management program to identify and control various risks in line with the best interests of the company and its shareholders[122]. - The company has adhered to compliance policies and procedures to ensure compliance with applicable laws and regulations[148]. - The Supervisory Board held six meetings during the reporting period to oversee the company's financial situation and compliance with legal operations[179]. - The company confirmed that there were no significant violations of laws or regulations in its operations or management practices during the reporting period[184]. Future Outlook and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[19]. - The company aims to enhance supply chain resilience through structural and technological policies, promoting digital transformation and innovation in manufacturing[96]. - The company anticipates favorable conditions for achieving its 2022 objectives due to supportive fiscal and monetary policies[45]. - The company is committed to high-quality development and innovation, focusing on digitalization and upgrading the industrial chain[97].

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of RMB 2,933,014,544.76, representing a 3.14% increase compared to 2020[5]. - The company's total revenue for 2021 was RMB 123,634,448,111.9, reflecting a 14.47% increase from RMB 108,004,884,351.3 in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,680,370,224.50, a decrease of 13.10% from the previous year[20]. - The company reported a net cash flow from operating activities of CNY 9.44 billion in Q2 2021, but a negative cash flow of CNY 2.34 billion in Q3 2021[22]. - The company reported a revenue of $1.5 billion for the fiscal year 2021, representing a 10% increase year-over-year[119]. - The company reported a revenue increase of 15% year-over-year, reaching ¥10 billion in the latest quarter[126]. Revenue Segmentation - The cement segment generated a revenue of 43.19 billion RMB, with a gross margin of 26.79%, despite a 7% decline in sales volume[63]. - The new building materials and trade logistics segment saw a revenue increase of 18.1% to 38.91 billion RMB, with a significant gross profit increase of 69.7%[56]. - The real estate segment reported a revenue of 39.73 billion RMB, up 26.88%, with a total area transferred of 1.83 million square meters, a 20.73% increase[57]. - The property investment and management segment's revenue decreased by 5% to 4.52 billion RMB, with an average rental rate of 4.9 RMB per square meter per day[58]. Operational Efficiency - The company emphasized cost control and market expansion in its new building materials and trade logistics sectors, aiming to increase the proportion of high-value products[30]. - The company aims to enhance its operational capabilities in commercial real estate and has established a professional team to improve management efficiency[34]. - The company aims to improve project return rates and enhance the speed of capital turnover in real estate operations[99]. - Operational efficiency improvements are expected to reduce costs by 5%, enhancing overall profitability[116]. Research and Development - Research and development expenses increased by 28.82% to 346.73 million RMB, indicating a focus on innovation[59]. - The company has established 67 national high-tech enterprises, with 11 new additions this year, and has received 10 provincial and ministerial-level science and technology awards[49]. - The company plans to invest $50 million in R&D for new technologies aimed at enhancing user experience[120]. - The company is investing 500 million yuan in research and development for new technologies aimed at improving production efficiency[121]. Market Expansion and Strategy - The company is focusing on expanding its market presence in the Beijing-Tianjin-Hebei region, with limestone reserves totaling 1.664 billion tons[38]. - The company plans to implement a "14th Five-Year Plan" focusing on high-quality development, innovation, and digitalization to achieve steady growth and industry upgrades[87]. - The company is expanding its market presence, targeting a 25% increase in market share in the next two years[116]. - The company plans to expand into the Southeast Asian market, targeting a 20% increase in regional sales by 2023[119]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit, with specific emissions data reported, including 37.95 tons of sulfur dioxide and 471.13 tons of nitrogen oxides from its Tangshan subsidiary[169]. - The company has maintained compliance with pollution discharge standards, with no exceedances reported for major pollutants during the reporting period[169]. - The company has implemented strict environmental management protocols for new and expanded projects, ensuring compliance with environmental impact assessments and obtaining necessary permits[192]. - The company aims to achieve a 15% reduction in overall emissions by 2025 as part of its sustainability initiatives[176]. Corporate Governance - The company has been recognized as a model enterprise for corporate governance by the State-owned Assets Supervision and Administration Commission[101]. - The company held 18 board meetings during the reporting period, approving a total of 66 proposals, all in compliance with relevant regulations[102]. - The company’s board of directors has maintained a high attendance rate, with no directors missing meetings without a valid reason[139]. - The company has a structured decision-making process for the remuneration of directors and senior management, which is reviewed by the board[135]. Shareholder Engagement - The company plans to maintain a minimum cash dividend ratio of 80% for mature stages without major capital expenditures, and 40% if there are significant expenditures[156]. - The total pre-tax compensation for the board members and senior management amounted to 25.82 million CNY[112]. - The company’s profit distribution plan requires thorough consideration of operational sustainability and investor returns before implementation[157]. - The company reported a positive profit for the reporting period, with net profit available for distribution to shareholders being positive, but no cash profit distribution plan was proposed[162].

Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥29.69 billion, a decrease of 3.94% compared to the same period last year[4]. - Net profit attributable to shareholders was approximately ¥804.46 million, down 32.55% year-over-year[4]. - The basic earnings per share for the quarter was ¥0.08, reflecting a decrease of 32.55% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2021 reached ¥87.41 billion, a 21.6% increase from ¥71.84 billion in the same period of 2020[17]. - Net profit for the first three quarters of 2021 was ¥4.57 billion, compared to ¥4.43 billion in the same period of 2020, reflecting a 3.2% increase[18]. - The company reported a basic and diluted earnings per share of CNY 0.25, unchanged from the previous year[19]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥283.38 billion, a decrease of 2.74% from the end of the previous year[5]. - As of September 30, 2021, total assets amounted to RMB 283.38 billion, a decrease from RMB 291.35 billion at the end of 2020, reflecting a decline of approximately 2.9%[13]. - Current assets totaled RMB 174.58 billion, down from RMB 182.67 billion, indicating a decrease of about 4.4%[14]. - Total liabilities were RMB 174.58 billion, reflecting a decrease from RMB 182.67 billion, indicating a decline of about 4.4%[14]. - Total liabilities decreased to ¥189.71 billion in Q3 2021 from ¥196.90 billion in Q3 2020, a reduction of 3.6%[16]. - Total equity attributable to shareholders was ¥61.59 billion in Q3 2021, down from ¥63.38 billion in Q3 2020, a decline of 2.8%[18]. Cash Flow - Cash flow from operating activities for the year-to-date was approximately ¥8.24 billion, an increase of 431.02% compared to the same period last year[5]. - Net cash flow from operating activities reached CNY 8,238,260,061.32, significantly up from CNY 1,551,403,825.35 in the same period last year[21]. - Cash received from the sale of goods and services was CNY 84,155,959,760.73, compared to CNY 72,984,199,826.64 in the previous year[20]. - Cash flow from financing activities resulted in a net outflow of CNY -17,115,336,742.82, compared to a net inflow of CNY 3,260,751,029.41 in the previous year[22]. - Total cash and cash equivalents at the end of the period were CNY 13,494,291,758.76, down from CNY 17,960,452,521.23 at the end of the previous year[22]. Expenses and Investments - Research and development expenses increased by 50.3% year-over-year, primarily due to enhanced efforts in new materials and product development[9]. - Research and development expenses increased to ¥354.67 million in 2021 from ¥235.92 million in 2020, marking a 50.2% rise[17]. - The company reported a financial expense of ¥1.80 billion in 2021, down 27.5% from ¥2.49 billion in 2020[17]. - Total cash inflow from investment activities was CNY 3,724,967,895.21, up from CNY 2,194,451,399.34 year-on-year[21]. Other Notable Points - The company reported a significant increase in contract assets, up 151.2% compared to the beginning of the year, attributed to completed but unsettled engineering projects[8]. - The company experienced a 146.1% increase in notes payable, driven by expanded business operations during the reporting period[8]. - Non-operating income for the quarter was approximately ¥340.51 million, an increase of 210.3% compared to the same period last year[9]. - The company reported a net loss from the disposal of non-current assets of approximately ¥103.49 million during the quarter[6]. - The company has not indicated any new product launches or technological advancements during this reporting period[12]. - There are no significant mergers or acquisitions reported in the current quarter[12]. - The company plans to continue focusing on market expansion and new product development as part of its future strategy[18].