Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,799,525,401.87, representing a decrease of 18.26% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 29,048,608.33, an increase of 29.69% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 40.39% to CNY 12,068,415.05[4]. - The company's net profit for the period was reported as CNY 15,074,212.81, compared to a loss of CNY 13,974,395.52 in the previous period, indicating a turnaround in profitability[16]. - Total operating revenue for Q1 2023 was ¥1,799,525,401.87, a decrease of 18.3% compared to ¥2,201,636,694.89 in Q1 2022[17]. - Net profit for Q1 2023 was ¥31,002,597.21, an increase of 26.6% from ¥24,443,053.16 in Q1 2022[19]. - The total comprehensive income for Q1 2023 was ¥27,955,639.83, compared to ¥23,336,574.55 in Q1 2022, showing an increase of 19.5%[19]. - The company’s total comprehensive income for Q1 2023 was a loss of ¥11,924,858.54, compared to a gain of ¥36,929,488.76 in Q1 2022[30]. Cash Flow and Investments - The net cash flow from operating activities was CNY 60,886,190.18, down 40.39% compared to the previous year[4]. - The net cash flow from investing activities was -252,853,412.48 RMB, compared to a positive cash flow of 227,797,863.93 RMB in the previous period, indicating a significant decrease in investment returns[23]. - The company reported a decrease in cash received from investment activities to ¥220,350,000.00 from ¥360,500,000.00 in Q1 2022, indicating a reduction in investment returns[21]. - The company reported a net cash outflow from investing activities of ¥241,952,892.99 in Q1 2023, compared to a net inflow of ¥218,192,061.24 in Q1 2022[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,693,844,830.90, an increase of 5.56% from the end of the previous year[5]. - The company's current assets totaled CNY 2,703,430,942.93, up from CNY 2,529,565,963.66, indicating an increase of about 6.87%[15]. - The company's total liabilities increased to CNY 1,046,344,928.60 from CNY 827,098,216.29, marking an increase of approximately 26.5%[16]. - The total liabilities increased to 1,315,082,255.86 RMB, up from 1,104,722,648.00 RMB, indicating a rise of about 19.06%[27]. - The company's total equity decreased to 3,786,526,500.74 RMB from 3,798,451,359.28 RMB, reflecting a decline of approximately 0.43%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,013[10]. - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., held 29.11% of the shares[10]. Operational Metrics - The weighted average return on equity increased by 0.17 percentage points to 0.80%[4]. - The basic earnings per share for the period was CNY 0.0748, reflecting a year-on-year increase of 29.64%[4]. - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance growth prospects[12]. - The company experienced a credit impairment loss of ¥16,041,093.99 in Q1 2023, compared to ¥1,672,000.00 in Q1 2022, indicating increased credit risk[19]. Cost Management - The company reported a decrease in research and development expenses to ¥4,474,008.30 from ¥4,120,866.83, reflecting a focus on cost management[17]. - Total operating costs for Q1 2023 were ¥1,777,512,267.76, down 18.3% from ¥2,176,209,106.40 in Q1 2022[17]. - Total operating expenses for Q1 2023 were ¥661,734,618.13, compared to ¥1,426,614,885.74 in Q1 2022, reflecting a reduction of 53.7%[29]. - The company incurred financial expenses of -¥375,169.54 in Q1 2023, a decrease from -¥2,606,204.66 in Q1 2022[29].

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of 32,409,170.16 CNY, a significant decrease compared to a net loss of 149,107,892.59 CNY in 2021[4]. - The total operating revenue for 2022 was 9,984,155,852.57 CNY, representing a year-on-year increase of 25.18% from 7,975,757,437.36 CNY in 2021[23]. - The actual distributable profit at the end of 2022 was -13,974,395.52 CNY, leading to the decision not to distribute dividends or increase capital reserves[4]. - The company reported a significant decline in net profit compared to the previous year, with a loss of 67,565,919.95 CNY in 2020[23]. - The net profit attributable to shareholders of the listed company was 32.4092 million RMB, marking a turnaround from a loss to profit[34]. - The net cash flow from operating activities was 42.064 million RMB, compared to 40.766 million RMB in the previous year, reflecting a 3.18% increase[24]. - The company's total assets at the end of 2022 were 4.447 billion RMB, an increase of 4.52% from the end of 2021[24]. - The net assets attributable to shareholders of the listed company were 3.609 billion RMB, up 1.46% from the previous year[24]. - Basic earnings per share for 2022 were 0.0835 RMB, compared to a loss of 0.3811 RMB in 2021[25]. - The company achieved a total revenue of 9.633 billion RMB from its bulk commodity trading business, with a gross profit of 52 million RMB, and completed sales of nearly 1.19 million tons of petrochemical products[55]. - The revenue from petrochemical sales was 5.998 billion RMB, representing a year-on-year increase of 68.96%[55]. - The company reported a total revenue of 19,211,559 million for the year 2022, reflecting a significant growth compared to the previous year[115]. Business Operations - The company completed the strategic layout of its data center business, with a focus on edge computing IDC[34]. - The company strengthened project management in its data center business, leading to increased gross profit compared to the previous year[25]. - The company increased its trading volume in the petrochemical sector while ensuring controllable risks in its trading business[25]. - The company's data center business achieved sales revenue of 348 million RMB in 2022, representing a 12.40% increase year-over-year, with a gross profit of 130 million RMB, up 46.14% from the previous year[37]. - The Beijing Jinhanwang project has reached stable operation, achieving an annual average PUE of 1.2, enhancing energy efficiency and operational management[37]. - The company has implemented a strategic acquisition plan, acquiring Wuxi Zhongwuda and Shanghai Panshi, to establish a new IDC business development pattern covering major cities and regional data centers[36]. - The company is actively investing in the construction of edge computing IDC infrastructure to support various industry applications such as AI and big data[50]. - The company is developing a new data center in Wuxi with a total investment of approximately 578 million RMB, expected to be delivered in 2023[53]. - The company is focusing on enhancing service quality and operational efficiency in its data center business to support the growth of China's digital economy[45]. - The company is exploring innovative models in distributed IT architecture and network layout to ensure project safety and cost control[54]. Strategic Initiatives - The company aims to become a leading player in the data center segment, focusing on the integration of digital industrialization and industrial digitalization[38]. - The company plans to enhance collaboration with partners to promote industry development and improve the value of the "Longyu Data" brand[42]. - The company is committed to optimizing project structures and increasing service levels to accelerate the development of digital, intelligent, and green initiatives[42]. - The company has established strategic partnerships with major telecommunications operators, enhancing its customer base and service capabilities[59]. - The company plans to improve the gross profit margin of its bulk commodity trading business while expanding its brand influence[103]. - The company is exploring photovoltaic solutions to reduce carbon emissions and improve project profitability[101]. - The company intends to optimize its oil and chemical product structure to enhance sales of high-margin products[103]. Governance and Compliance - The company has established a clear governance structure with defined responsibilities among the shareholders' meeting, board of directors, and supervisory board, ensuring effective decision-making and supervision[108]. - The company has revised its articles of association and information disclosure management measures to enhance governance and improve the quality of information disclosure[109]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring complete operational autonomy[110]. - The company has not faced any penalties from securities regulatory agencies in the past three years[123]. - The company has not reported any major related party transactions during the reporting period[165]. - The company has not disclosed any major violations or penalties against its directors, supervisors, or senior management during the reporting period[162]. Employee and Social Responsibility - The company emphasizes a fair and inclusive corporate culture, focusing on employee rights and well-being, which contributes to a harmonious labor relationship[147]. - The company has established the "Longyu Love Charity Fund," which has successfully treated 18 children with congenital heart disease since its launch in July 2019[148]. - The company received the "Charity Excellent Enterprise Award" for its outstanding contributions in poverty alleviation, medical assistance, and educational donations during the 20th Pudong New Area Charity Public Welfare Joint Donation event[150]. - The company actively promotes energy-saving and environmental protection initiatives, aligning with national policies and striving for green development in its data center operations[145]. - The overall Power Usage Effectiveness (PUE) of the company's operational data centers has continued to decline year-on-year, indicating improved energy efficiency[145]. Future Outlook - Future outlook includes a projected revenue increase of 15% for the next fiscal year, driven by new product launches and market expansion strategies[117]. - The management has set a performance guidance of achieving a net profit margin of 20% for the upcoming fiscal year[117]. - The company plans to implement various training programs to meet talent needs, including new employee orientation and professional skills training[135].

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,033,883,441.19, representing a year-over-year increase of 55.49%[3] - The net profit attributable to shareholders for Q3 2022 was ¥4,518,232.10, a significant increase of 136.18% compared to the same period last year[3] - The basic earnings per share for Q3 2022 was ¥0.0116, reflecting a growth of 136.73% year-over-year[4] - The company reported a year-to-date net profit attributable to shareholders of ¥27,339,738.95, which is an increase of 122.97% year-over-year[3] - Net profit for the third quarter of 2022 was ¥32,060,541.67, compared to ¥16,047,440.54 in the same quarter of 2021, reflecting a year-over-year increase of approximately 100%[19] - Earnings per share for the third quarter of 2022 were ¥0.0704, up from ¥0.0313 in the same quarter of 2021, marking an increase of around 125%[20] - The total comprehensive income for the third quarter of 2022 was ¥62,668,653.14, compared to ¥13,924,811.38 in the same quarter of 2021, indicating a substantial increase of approximately 350%[20] - The net profit for Q3 2022 was ¥13,891,522.73, a significant recovery from a net loss of ¥6,244,160.53 in Q3 2021, marking a turnaround of over 320%[28] - Operating profit for Q3 2022 reached ¥15,078,978.42, compared to a loss of ¥5,280,060.21 in the same period last year, indicating a strong operational improvement[28] - The total comprehensive income for Q3 2022 was ¥13,891,522.73, a significant improvement from a loss of ¥6,244,160.53 in Q3 2021[29] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,443,932,754.60, showing a 4.47% increase from the end of the previous year[4] - The total liabilities as of the end of the third quarter of 2022 amounted to ¥757,798,350.07, compared to ¥653,730,025.68 at the end of the previous year, showing an increase of approximately 16%[18] - The total equity attributable to shareholders reached ¥3,609,967,355.21, up from ¥3,556,689,350.30 in the previous year, indicating a growth of about 1.5%[17] - The company’s total liabilities included short-term borrowings of RMB 70 million, up from RMB 40 million in the previous year[15] - The total assets as of September 30, 2022, amounted to CNY 4,712,179,262.73, up from CNY 4,420,251,893.02 at the end of 2021[24] - The total liabilities increased to CNY 912,954,285.63 from CNY 634,918,438.65 year-over-year[26] - The company’s total equity as of September 30, 2022, was CNY 3,799,224,977.10, slightly up from CNY 3,785,333,454.37 at the end of 2021[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥287,934,152.66[3] - Cash flow from operating activities for the first three quarters of 2022 was ¥8,546,909,838.59, compared to ¥5,582,120,113.38 in 2021, representing an increase of approximately 53%[21] - The net cash flow from operating activities for the first nine months of 2022 was ¥111,166,070.21, a recovery from a negative cash flow of ¥183,075,325.52 in the same period last year[30] - The net cash flow from investing activities was CNY 328,024,378.19, a decrease from CNY 465,587,208.55 in the same period last year[22] - The company reported a net increase in cash and cash equivalents of CNY 179,992,063.90, contrasting with a decrease of CNY -61,681,840.90 in the previous year[23] Revenue Drivers - The revenue growth was driven by adjustments in commodity trading varieties and increased business volume in the petrochemical sector[8] - The company’s data center services revenue increased significantly as the Beijing Jinhanwang Cloud Computing Data Center entered a stable phase[8] - Total operating revenue for the first three quarters of 2022 reached ¥7,647,663,640.80, an increase from ¥5,310,430,255.86 in the same period of 2021, representing a growth of approximately 44%[18] - Total revenue from sales and services for the first nine months of 2022 was ¥5,190,291,407.67, up 58.7% from ¥3,271,611,115.44 in the first nine months of 2021[30] Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,296[11] - The top shareholder, Shanghai Longyu Holdings Co., Ltd., holds 117,142,149 shares, representing 29.11% of total shares[12] Expenses - Research and development expenses for the first three quarters of 2022 were ¥11,384,959.57, slightly down from ¥12,476,816.34 in the same period of 2021, indicating a decrease of about 8.7%[18] - The company incurred financial expenses of ¥15,661,350.44 in Q3 2022, compared to ¥4,067,152.98 in Q3 2021, indicating an increase in financial costs[28] - The company’s tax expenses for Q3 2022 were ¥1,167,455.69, compared to ¥787,607.92 in Q3 2021, reflecting an increase in tax obligations due to improved profitability[28] Credit Quality - The company did not incur significant credit impairment losses in the current period, contrasting with the previous year[9] - The company reported a significant decrease in credit impairment losses, with a loss of ¥1,597,976.00 in 2022 compared to a loss of ¥27,901,737.66 in 2021, reflecting an improvement in credit quality[19]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥4,613,780,199.61, representing a 37.35% increase compared to ¥3,359,261,280.38 in the same period last year[20]. - The net profit attributable to shareholders was ¥22,821,506.85, a significant increase of 120.53% from ¥10,348,502.78 in the previous year[20]. - The net cash flow from operating activities was ¥50,773,851.17, a recovery from a negative cash flow of ¥379,659,813.03 in the same period last year[20]. - The basic earnings per share rose to ¥0.0588, up 123.57% from ¥0.0263 in the same period last year[22]. - The gross profit from the data center business was ¥64,570,000, an increase of ¥26,890,000 compared to the previous year, contributing to stable operational income[22]. - The company reported a total non-recurring gains and losses of approximately RMB 3.82 million, after tax effects and minority interests adjustments[24]. - The company reported a net profit of ¥202,457,562.82 for the first half of 2022, compared to ¥181,431,595.34 in the same period of 2021[120]. - The net profit for the first half of 2022 reached CNY 27,339,217.55, compared to CNY 12,922,429.86 in the previous year, indicating a year-over-year increase of about 111.5%[123]. - The total comprehensive income for the first half of 2022 was CNY 41,109,836.93, significantly higher than CNY 9,953,589.78 in the same period of 2021, reflecting a growth of approximately 313.5%[124]. Asset and Liability Management - The company's total assets increased by 4.17% to ¥4,431,447,561.81 compared to the end of the previous year[20]. - The net assets attributable to shareholders increased by 0.97% to ¥3,591,117,736.02 compared to the end of the previous year[20]. - The total liabilities increased to ¥1,024,834,361.71 from ¥634,918,438.65 at the beginning of the period[120]. - The company's equity attributable to shareholders reached ¥3,806,359,421.85, up from ¥3,785,333,454.37[120]. - The total current assets at the end of the reporting period amount to ¥2,568,669,914.56, compared to ¥2,388,451,829.08 at the beginning, showing an increase of approximately 7.5%[114]. - The total non-current assets include fixed assets valued at ¥1,186,884,837.39, down from ¥1,223,809,124.34[114]. - The total foreign assets amounted to ¥282,996,315.87, representing 6.39% of total assets[64]. Strategic Initiatives - The company has implemented a strategic transformation focusing on customized IDC services and project management to reduce operational costs[22]. - The company's IDC business is a core strategic focus, with the Beijing Jinhanwang Cloud Computing Data Center project having a total investment of approximately RMB 577.79 million, aiming to enhance service capacity and competitiveness[28]. - The company is expanding its IDC business with the construction of the Wuxi Zhongwuda Big Data Storage Center, which will have a scale of 5,874 IDC cabinets[28]. - The company has acquired Shanghai Panshi to explore the establishment of an edge computing operation platform, targeting digital transformation across various industries[29]. - The company is actively expanding its edge computing IDC business through the acquisition of Shanghai Panshi[40]. - The company plans to enhance its internal control system and governance to strengthen core competitiveness and ensure sustainable development[42]. - The company is committed to maintaining project management capabilities and improving overall operational efficiency in the second half of 2022[41]. Market and Industry Trends - The IDC industry is expected to grow significantly, with the digital economy's core industries projected to account for 10% of GDP by 2025[32]. - The petrochemical industry achieved a revenue of RMB 8.13 trillion in the first half of 2022, representing a year-on-year growth of 20.9%[34]. - The company has established strong relationships with major clients such as Alibaba, enhancing its market position in the IDC sector[38]. - The company’s management team has extensive experience in the trade and data center industries, contributing to its competitive advantage[36]. Operational Challenges - Operating costs increased by 37.29% year-on-year, primarily due to fluctuations in commodity prices and adjustments in trading varieties[43]. - Sales expenses surged by 84.29% year-on-year, attributed to the expansion of oil and chemical storage services[43]. - The company faced risks in commodity trading due to trade friction and economic downturns, which could impact operating margins[72]. Legal and Compliance Matters - The company is involved in a lawsuit concerning a contract dispute with Shanghai Yiniaose Metal Trading Co., with the amount in question approximately 195.62 million yuan[91]. - The company is involved in a lawsuit with Shandong Lanshan Longyi Petrochemical Co., Ltd. regarding a payment dispute, claiming a total amount of RMB 164,682,706.94[93]. - The company has reported a guarantee amount of RMB 50,000,000.00, which accounts for 1.39% of the company's net assets[103]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[95]. Financial Management and Governance - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[139]. - The company is focusing on improving its risk management strategies, with a specific emphasis on increasing its reserve funds[139]. - The company has initiated new technology research and development projects aimed at enhancing product offerings and market competitiveness[139]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[139]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 22,252[106]. - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., holds 117,142,149 shares, representing 29.11% of the total shares[108]. - The second-largest shareholder, Guohua Life Insurance Co., Ltd. - Dividend No. 3, holds 25,238,744 shares, accounting for 6.27%[108]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2022, with no dividends or stock bonuses declared[81]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 29, 2022, ensuring compliance with regulatory requirements[162]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status[168]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[181].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,201,636,694.89, representing a year-on-year increase of 33.40%[3] - The net profit attributable to shareholders for the same period was CNY 22,397,735.12, up 33.47% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 456.64% to CNY 20,244,466.15[3] - Basic earnings per share increased by 36.41% to CNY 0.0577, with diluted earnings per share remaining the same[3] - The weighted average return on equity rose by 0.19 percentage points to 0.63%[3] - Total operating revenue for Q1 2022 reached ¥2,201,636,694.89, a 33.4% increase from ¥1,650,374,094.91 in Q1 2021[14] - Net profit for Q1 2022 was ¥24,443,053.16, representing a 43.1% increase compared to ¥17,088,154.75 in Q1 2021[15] - Earnings per share for Q1 2022 was ¥0.0577, compared to ¥0.0423 in Q1 2021, reflecting a 36.1% increase[15] - The company reported a total profit of ¥34,169,094.81 for Q1 2022, up 46.1% from ¥23,384,525.41 in Q1 2021[15] - Comprehensive income for Q1 2022 totaled ¥23,336,574.55, an increase from ¥18,684,096.54 in Q1 2021[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,250,828,883.70, a slight decrease of 0.07% from the end of the previous year[3] - The equity attributable to shareholders increased by 0.60% to CNY 3,578,197,760.59 compared to the end of the previous year[3] - As of March 31, 2022, the company's total current assets amounted to RMB 2,380,604,470.69, slightly down from RMB 2,388,451,829.08 at the end of 2021, indicating a decrease of approximately 0.3%[10] - The company's total assets stood at RMB 4,250,828,883.70, a slight decrease from RMB 4,253,882,236.42, showing a decline of about 0.1%[11] - Total liabilities decreased to RMB 627,299,229.94 from RMB 653,730,025.68, reflecting a reduction of approximately 4.0%[11] - The total equity attributable to shareholders increased to RMB 3,578,197,760.59 from RMB 3,556,689,350.30, marking an increase of about 0.6%[11] Cash Flow and Investments - Cash flow from operating activities for Q1 2022 was ¥102,139,972.44, a significant recovery from a negative cash flow of ¥471,784,313.83 in Q1 2021[17] - Investment activities generated a net cash flow of approximately $227.8 million, a decrease from $427.6 million in the previous period, reflecting a decline of about 46.7%[18] - Cash inflow from financing activities totaled approximately $40 million, an increase from $31 million, representing a growth of about 29%[18] - The net cash flow from financing activities was approximately $2.05 million, a significant improvement from a net outflow of $57.7 million in the previous period[18] - The company's cash and cash equivalents at the end of the period amounted to approximately $609.2 million, an increase from $368.8 million, marking a growth of about 64.5%[18] - The total cash inflow from investment activities was approximately $361.8 million, compared to $466.6 million in the previous period, indicating a decrease of about 22.4%[18] - Cash outflow for investment activities was approximately $134 million, a significant increase from $39 million, reflecting a rise of about 242%[18] - The company reported a cash increase of approximately $331.4 million during the period, contrasting with a decrease of $99.7 million in the previous period[18] - The cash outflow for financing activities was approximately $37.9 million, a decrease from $88.7 million, indicating a reduction of about 57.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,762[7] - The company held 14,211,173 shares in its repurchase account, accounting for 3.53% of the total share capital[8] Other Financial Metrics - The increase in operating revenue was driven by the steady ramp-up of the Beijing Jinhangwang Cloud Computing Data Center and a rise in commodity prices despite a decrease in trade volume[5] - Non-recurring gains totaled CNY 2,153,268.97, with government subsidies contributing CNY 1,239,509.63[4] - The company's inventory decreased to RMB 267,106,779.26 from RMB 322,329,185.46, which is a reduction of approximately 17.2%[10] - The company's accounts receivable decreased to RMB 638,163,805.76 from RMB 717,531,312.17, indicating a decline of approximately 11.0%[9] - Research and development expenses for Q1 2022 were ¥4,120,866.83, slightly down from ¥4,597,806.39 in Q1 2021[14] - Other income for Q1 2022 was ¥1,248,315.82, compared to ¥448,467.50 in Q1 2021, indicating a substantial increase[14] - The company experienced a credit impairment loss of ¥1,672,000.00 in Q1 2022, compared to ¥100,000.00 in Q1 2021, highlighting increased financial challenges[14] Accounting Standards - The company did not apply the new accounting standards for the first quarter of 2022[20] - The report was published on April 26, 2022, by Shanghai Longyu Fuel Co., Ltd.[20]

Financial Performance - The company reported a net loss attributable to shareholders of RMB 149,101,219.63 for the year 2021, compared to a loss of RMB 67,565,919.95 in 2020, representing an increase in loss of 120.88%[6]. - Total operating revenue for 2021 was RMB 7,975,757,437.36, a decrease of 10.82% from RMB 8,943,468,998.27 in 2020[23]. - The net cash flow from operating activities was RMB 40,766,183.90, a significant decrease of 87.87% compared to RMB 336,062,239.56 in 2020[23]. - The company reported a significant decline in basic and diluted earnings per share, both at -0.3811 CNY, compared to -0.1680 CNY in 2020, indicating a worsening financial performance[25]. - The weighted average return on equity decreased to -4.08% from -1.75% in the previous year, reflecting a reduction of 2.33 percentage points[25]. - The company reported a net profit attributable to shareholders of -149 million RMB for the period[52]. - The company reported a net profit attributable to shareholders of -161.363 million CNY in Q4 alone[27]. - The company reported a cash flow from operating activities of -471.784 million CNY for the year, indicating cash outflows[28]. Assets and Liabilities - The company's total assets at the end of 2021 were RMB 4,253,882,236.42, a slight increase of 0.04% from RMB 4,252,002,129.56 in 2020[24]. - The net assets attributable to shareholders decreased by 5.91% to RMB 3,556,689,350.30 from RMB 3,780,288,125.28 in 2020[24]. - The company's cash and cash equivalents at the end of the period decreased to ¥277,797,232.83 from ¥468,516,360.06 at the beginning of the period[78]. - The company's foreign assets amounted to CNY 376,719,342.97, accounting for 8.86% of total assets[83]. - The company's total external equity investment at the end of the period was CNY 2.438 billion[88]. Revenue Breakdown - The total revenue for the year was 7.976 billion CNY, with a quarterly breakdown showing a peak in Q4 at 2.665 billion CNY[34]. - Revenue from oil and chemical sales reached 3.550 billion RMB, representing a significant increase of 102.86% year-on-year, while non-ferrous metal sales decreased by 41.16% to 4.112 billion RMB[47]. - The data center business generated 310 million RMB in revenue, with a steady increase in its revenue share[47]. - The gross profit from the data center business was 89.14 million RMB, indicating stable growth as the IDC projects entered a steady ramp-up phase[47]. - The commercial sales revenue was 7.662 billion RMB, accounting for 96.10% of total revenue, while data center revenue was 310 million RMB, accounting for 3.88%[59]. Strategic Initiatives - The company actively adjusted its business strategy, focusing on core operations and reducing the scale of metal business to control risks[25]. - The company plans to continue leveraging digital economy trends, including big data and AI, to drive future growth[34]. - The company is focused on strategic development in the IDC sector, aiming to provide comprehensive operational support for clients and enhance energy efficiency[35]. - The company plans to leverage the operational experience from the Beijing Jinhanwang project to drive the overall development of its IDC business[45]. - The company is seeking investment opportunities in the data center industry chain, including big data, cloud computing, AI, and 5G[100]. Shareholder Actions - The company initiated a share repurchase plan, executing a total repurchase amount of RMB 69,780,500 during the reporting period, which was treated as a cash dividend[6]. - The company did not declare any dividends for the year 2021 due to the net loss and to ensure sufficient funds for future operations and investments[7]. - The company approved the adjustment of the second phase of share repurchase usage and cancellation at the first extraordinary general meeting on March 29, 2021[106]. - The company has a cash dividend policy stipulating that it should distribute at least 15% of the distributable profit as cash dividends in profitable years[135]. Risk Factors - The company has faced significant industry and market risks, which are detailed in the management discussion and analysis section of the report[10]. - The company’s future plans and strategies are subject to risks, and investors are advised to consider these risks when making investment decisions[8]. - The company faces risks from geopolitical factors, COVID-19, and commodity price volatility affecting trade scale and gross margin[101]. - Increased competition in the data center industry may lead to a decline in overall profit margins[102]. Governance and Compliance - The company received a warning letter from the China Securities Regulatory Commission for failing to adequately consider factors affecting bad debt provisions, leading to a significant discrepancy between the forecasted and actual net profit[119]. - The company plans to strengthen compliance with securities laws and improve the quality of information disclosure following the warning letter[119]. - The company has undergone changes in its board of directors, with three independent directors being elected and two resigning due to personal reasons and term limits[118]. - The company has established a transparent remuneration policy for directors and senior management, with recommendations made by the Nomination and Remuneration Committee[116]. Employee and Social Responsibility - The company reported a total of 136 employees, with 56 in the parent company and 92 in major subsidiaries[130]. - The employee composition includes 11 production personnel, 28 sales personnel, 47 technical personnel, 21 financial personnel, and 41 administrative personnel[130]. - The company has established a COVID-19 prevention leadership group to ensure stable operations during the pandemic[148]. - The company emphasizes the importance of social responsibility in its business management practices, aiming for sustainable development[148].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,951,168,975.48, a decrease of 14.58% compared to the same period last year[5] - The net profit attributable to shareholders was ¥1,913,059.29, down 93.59% year-on-year[5] - Basic earnings per share for Q3 2021 were ¥0.0049, a decrease of 93.17% compared to the previous year[5] - Total operating revenue for the first three quarters of 2021 was CNY 5,310,430,255.86, a decrease of 26.5% compared to CNY 7,230,399,472.95 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was CNY 16,047,440.54, compared to CNY 6,824,635.79 in the same period of 2020, indicating a significant increase[19] - The company reported a total comprehensive income of CNY 13,924,811.38 for the third quarter of 2021, compared to a loss of CNY 5,727,461.57 in the same quarter of 2020[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥382,544,176.23, reflecting a significant decline[5] - Operating cash flow for the first nine months of 2021 was negative at -382,544,176.23, compared to a positive cash flow of 37,508,271.09 in the same period of 2020[25] - The company received 5,582,120,113.38 in cash from sales of goods and services during the first nine months of 2021, compared to 8,723,327,273.65 in the same period of 2020[25] - The company paid 5,888,809,739.17 in cash for purchases of goods and services in the first nine months of 2021, compared to 8,620,527,905.54 in the same period of 2020[25] - The company reported a decrease in cash received from tax refunds, totaling 361,063.56 in 2021 compared to 2,749,023.90 in 2020[25] - The company’s cash inflow from other operating activities was 6,752,623.24, down from 27,788,086.04 in the previous year[25] - The company's cash and cash equivalents at the end of the period stood at 406,834,519.16, down from 468,516,360.06 at the beginning of the period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,634,648,087.22, an increase of 9.00% from the end of the previous year[6] - The equity attributable to shareholders decreased by 1.57% to ¥3,721,003,785.72 compared to the end of the previous year[6] - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 870,011,858.01, compared to CNY 432,610,049.24 at the same time in 2020, showing a growth of 101.5%[16] - The total equity attributable to shareholders of the parent company was CNY 3,721,003,785.72, a slight decrease from CNY 3,780,288,125.28 in the previous year[16] - Total assets as of September 30, 2021, amounted to RMB 4,634,648,087.22, an increase from RMB 4,252,002,129.56 as of December 31, 2020, representing a growth of approximately 8.96%[13] Shareholder Information - The company had a total of 18,759 common shareholders at the end of the reporting period[10] - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., held 29.11% of the shares, totaling 117,142,149 shares[10] - The company’s repurchase account held 14,211,173 shares, accounting for 3.53% of the total share capital[11] Expenses - The company experienced a significant increase in sales expenses and loan interest payments, impacting overall profitability[8] - Total operating costs for the first three quarters of 2021 were CNY 5,272,189,873.76, down from CNY 7,265,823,571.84 in 2020, reflecting a reduction of 27.4%[18] - The company reported a decrease in sales expenses from CNY 21,084,887.37 in 2020 to CNY 9,375,561.83 in 2021, a reduction of 55.5%[18] - Research and development expenses increased to CNY 12,476,816.34 in 2021 from CNY 3,693,569.28 in 2020, representing a growth of 237.5%[18] Non-Recurring Items - Non-recurring gains and losses for Q3 amounted to -¥4,552,119.72, indicating a significant loss compared to the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,465,179.01, which is not applicable for year-on-year comparison[5] Other Activities - The company is actively engaged in new product development and market expansion strategies, although specific details were not disclosed in the report[12]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥3,359,261,280.38, a decrease of 32.08% compared to ¥4,946,173,370.53 in the same period last year[19]. - The net profit attributable to shareholders was ¥10,348,502.78, a significant recovery from a loss of ¥12,768,016.36 in the previous year[19]. - The net cash flow from operating activities was -¥379,659,813.03, down 221.59% from ¥312,243,074.98 in the same period last year[19]. - The total assets at the end of the reporting period were ¥4,336,678,178.41, an increase of 1.99% from ¥4,252,002,129.56 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 1.43% to ¥3,726,383,768.04 from ¥3,780,288,125.28 at the end of the previous year[19]. - The basic earnings per share for the first half of 2021 was ¥0.0263, compared to a loss of ¥0.0307 in the same period last year[20]. - The weighted average return on net assets increased to 0.28%, up 0.61 percentage points from -0.33% in the previous year[21]. Business Operations - The company focused on its core business and actively reduced the scale of its metal business, leading to a decrease in business volume and revenue[21]. - The IDC data center project brought stable income, contributing a gross profit increase of ¥19,170,000 compared to the previous year[21]. - The company recognized a fair value change gain of ¥15,380,000 based on the market price of its holdings in Cambrian Technology[21]. - The company's IDC business is a core strategic focus, with the Beijing Jinhangwang project serving as a key initiative, featuring 4,280 cabinets and a total construction area of 54,600 square meters[27]. - The oil trade business continues to focus on selling refined oil and fuel oil, with a strategy to control procurement and logistics costs while seeking partnerships with state-owned enterprises[29]. - The company reported a significant increase in gross profit for both IDC and oil trade businesses compared to the previous year, indicating a positive trend in operational performance[37]. - The company plans to implement cost reduction and efficiency improvement measures in the Jinhangwang project to enhance operational service levels[37]. - The company aims to launch 1-2 strategic IDC infrastructure projects by the end of the year, building on research and project reserves from the first half[37]. - The metal trading business has been scaled back to control risks, resulting in a gradual decrease in related sales revenue[29]. - The company has established strong partnerships with major clients, including Alibaba, enhancing its competitive position in the IDC market[35]. Financial Position - The overall oil demand in China increased by 10.5% in the first half of 2021, with refined oil production rising by 10.41% year-on-year, indicating a recovering market[31]. - The company is positioned to benefit from the growing digital economy and the increasing demand for data centers, driven by advancements in 5G, cloud computing, and artificial intelligence[30]. - Operating costs fell by 33.03% to ¥3,288,962,247.27 from ¥4,911,311,265.70 year-on-year[40]. - Research and development expenses amounted to ¥8,530,879.50, a new entry as there were no expenses in the same period last year[41]. - Financial expenses decreased significantly by 91.46% to ¥2,501,722.79 from ¥29,298,155.02 due to reduced interest expenses[41]. - Investment income dropped by 65.29% to ¥3,894,204.76 compared to ¥11,217,939.81 in the previous year[42]. - Other income decreased by 82.06% to ¥475,900.96 from ¥2,652,022.79 year-on-year[41]. - Cash received from sales of goods and services fell by 42.55% to ¥3,528,451,862.04 from ¥6,141,464,015.35 in the same period last year[42]. - Cash paid for purchasing goods and services decreased by 33.50% to ¥3,856,421,506.83 from ¥5,799,462,067.53 year-on-year[43]. Shareholder Information - The company reported a significant reduction in dividends payable by 92.69% to ¥1,122,648.45, following payments to minority shareholders[48]. - The number of ordinary shareholders at the end of the reporting period is 19,657[92]. - The total number of shares before the change was 416,532,402, which decreased to 402,443,494 after the cancellation of 14,088,908 shares[90]. - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., holds 117,142,149 shares, representing 29.11% of the total[94]. - The second-largest shareholder, Guohua Life Insurance Co., Ltd., holds 25,238,744 shares, representing 6.27% of the total[94]. Legal and Compliance - The company has ongoing major litigation matters, including a case involving a claim for 144,727,260.67 yuan related to a trade dispute[73]. - The company reported a penalty payment of CNY 1,966,836.29 and additional damages of CNY 1,411,200.00 due to a legal ruling[74]. - The total amount claimed in a lawsuit against Shanghai Yinia Color Metal Trading Co., Ltd. is CNY 195,624,278.06, which includes principal and interest[75]. Corporate Governance - The company experienced changes in its board of directors, with two independent directors resigning and two new independent directors elected on June 28, 2021[63]. - The company did not distribute profits or increase capital reserves in the first half of 2021, with a proposed distribution of 0 shares and 0 yuan per 10 shares[64]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations in the next 12 months[156]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[157]. - The accounting period for the company runs from January 1 to December 31 each year[158]. - The company uses RMB as its functional currency for accounting purposes[160]. - The company includes all subsidiaries under its control in the consolidated financial statements, reflecting the entire group's financial status[165].

Financial Performance - In 2020, the company reported a net loss attributable to shareholders of RMB 67,565,919.95, a decrease of 1,131.68% compared to a profit of RMB 6,549,132.51 in 2019[5]. - The total operating revenue for 2020 was RMB 8,943,468,998.27, representing a decline of 33.74% from RMB 13,497,955,666.43 in 2019[23]. - The company reported a basic earnings per share of -0.1680 CNY, a decrease of 1,137.04% compared to the previous year[25]. - The net profit attributable to shareholders was -84.67 million CNY in Q4 2020, with a total annual net profit loss of 84.67 million CNY[27]. - The company achieved total operating revenue of CNY 8.94 billion in 2020, a decrease of 33.74% compared to the previous year[53]. - The net profit attributable to shareholders was CNY -67.57 million, a decline of 1,131.68% year-on-year[53]. Cash Flow and Assets - The company's net cash flow from operating activities was RMB 336,062,239.56, a significant recovery from a negative cash flow of RMB -130,858,552.89 in 2019[23]. - As of the end of 2020, the total assets decreased by 28.43% to RMB 4,252,002,129.56 from RMB 5,941,296,451.57 in 2019[24]. - The company's trading financial assets decreased by 61.66% to 551.2 million RMB due to the maturity of certain financial products[39]. - Accounts receivable fell by 54.41% to 560.75 million RMB, primarily due to the expiration of discounted letters of credit[39]. - Inventory decreased by 70.43% to 63.52 million RMB, reflecting a reduction in stock from the metal subsidiary[39]. - The company reported a significant decrease in cash and cash equivalents from CNY 699.8481 million in 2019 to CNY 554.4796 million in 2020[195]. Strategic Initiatives - The company initiated a share repurchase plan in 2020, with a total repurchase amount of RMB 35,096,200, which was treated as a cash dividend[5]. - The company aims to become a specialized provider of internet infrastructure services and cloud computing/big data platform services[35]. - The company has signed cooperation agreements for both phases of the Beijing Jinhangwang project, marking the completion of its non-public issuance fundraising project[35]. - The company is focusing on developing IDC data center projects in key cities such as Beijing, Shanghai, and Shenzhen, aligning with its strategic positioning[105]. - The company plans to expand its domestic and international oil trade scale and categories in 2021, focusing on enhancing the efficiency of its cloud computing operations[105]. Market and Industry Outlook - The data center industry is expected to see a compound annual growth rate of over 30% in China, driven by policy incentives and the proliferation of 5G networks[36]. - The IDC market demand is expected to remain strong, driven by the development of new technologies such as 5G and AI[102]. - The company anticipates a recovery in oil prices, stabilizing in the low range due to easing supply-demand conditions in the oil market[103]. - The company is facing significant industry and market risks, which have been detailed in the management's discussion and analysis section of the report[9]. Risk Management - The company is focusing on risk management in its commodity trading business to mitigate market and liquidity risks[40]. - The company anticipates risks from trade friction, COVID-19, and commodity price volatility, which may impact trade scale and gross profit[107]. - The company faces potential risks in its data center business due to accelerated investment growth and increased market competition, which could affect sales and profitability[107]. Shareholder and Governance - The company has committed to distributing no less than 15% of the annual distributable profit in cash[116]. - The company has executed a differentiated cash dividend policy, with a minimum cash dividend proportion of 80% for mature stages without major capital expenditures[110]. - The total number of ordinary shareholders at the end of the reporting period was 21,871, an increase from 20,892 at the end of the previous month[144]. - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., holds 117,142,149 shares, representing 28.12% of the total shares[146]. Operational Efficiency - The company’s management expenses decreased by 35.95% year-on-year due to the transfer of depreciation and amortization costs to operating costs[58]. - The management team emphasized the importance of enhancing operational efficiency, targeting a reduction in operational costs by 5% in the upcoming year[160]. - The company has established partnerships with key industry players to enhance distribution channels, which is expected to improve market penetration by 20%[160]. Audit and Compliance - The independent auditor provided a standard unqualified opinion on the financial statements, affirming their fair presentation in accordance with accounting standards[180]. - The company did not report any significant deficiencies in internal controls during the reporting period[176]. - The company has engaged Da Hua Accounting Firm for auditing services with a fee of CNY 1,000,000[120].

Financial Performance - Net profit attributable to shareholders was CNY 16.78 million, a significant recovery from a loss of CNY 38.87 million in the same period last year[5]. - Operating revenue for the quarter was CNY 1.65 billion, representing a decrease of 11.77% year-on-year[5]. - Basic earnings per share were CNY 0.0423, recovering from a loss of CNY 0.0933 per share in the previous year[5]. - The company reported a total comprehensive income of ¥18,684,096.54 for Q1 2021, compared to a loss of ¥48,848,410.46 in Q1 2020[33]. - Net profit for Q1 2021 was ¥17,088,154.75, a significant recovery from a net loss of ¥53,297,285.28 in Q1 2020[33]. - The company achieved an investment income of ¥2,330,208.45 in Q1 2021, recovering from a loss of ¥9,433,749.56 in Q1 2020[32]. Assets and Liabilities - Total assets at the end of the reporting period reached approximately CNY 4.30 billion, an increase of 1.16% compared to the end of the previous year[5]. - Total liabilities increased from CNY 432,610,049.24 at the end of 2020 to CNY 504,480,466.37[26]. - Total current assets amounted to CNY 2,259,999,833.80, with cash and cash equivalents at CNY 554,479,601.73 and accounts receivable at CNY 560,753,755.93[44]. - Current liabilities were CNY 376,165,194.10, with short-term borrowings at CNY 198,795,469.00 and accounts payable at CNY 48,722,346.32[45]. - Total liabilities amounted to CNY 432,610,049.24, indicating a manageable debt level[45]. Cash Flow - The net cash flow from operating activities was negative at CNY 471.78 million, compared to a negative CNY 69.47 million in the previous year[5]. - Cash flow from operating activities showed a net outflow of RMB 471.8 million, worsening from a net outflow of RMB 69.5 million in the previous year[12]. - The total cash inflow from operating activities was 1,630,208,988.38 RMB, down from 2,604,948,097.16 RMB in the same period last year, reflecting a decrease of approximately 37%[37]. - The company experienced a net cash outflow from investing activities of 427,585,742.85 RMB, which is an increase from 265,879,140.54 RMB in Q1 2020, indicating increased investment expenditures[38]. - Cash and cash equivalents at the end of Q1 2021 were 368,794,179.80 RMB, down from 778,091,706.23 RMB at the end of Q1 2020, representing a decrease of about 53%[39]. Shareholder Information - The total number of shareholders reached 20,892 by the end of the reporting period[9]. - The top shareholder, Shanghai Longyu Holdings Co., Ltd., held 28.12% of the shares, totaling 117,142,149 shares[9]. - Shareholders' equity totaled ¥3,797,858,539.30 at the end of Q1 2021, slightly down from ¥3,841,327,774.56 in Q1 2020[29]. Expenses and Investments - Sales expenses increased by 49.15% from RMB 3.0 million to RMB 4.5 million due to new business development costs[12]. - Research and development expenses were reported at RMB 4.6 million, with no comparable figure from the previous year[12]. - The company incurred research and development expenses of ¥4,597,806.39 in Q1 2021[32]. - Investment cash outflow decreased by 95.61% from RMB 683.3 million to RMB 30.0 million as the company reduced temporary investments[12]. Future Outlook - The company is focusing on expanding its non-current asset investments, particularly in fixed and intangible assets, to support future growth[44]. - The company plans to enhance its market position through strategic investments and potential acquisitions in the upcoming quarters[44]. - Future guidance indicates a positive outlook for revenue growth driven by new product launches and market expansion strategies[44].