Financial Performance - The company's operating revenue for 2018 was CNY 389,030,466.72, representing a year-on-year increase of 7.83% compared to CNY 360,774,140.54 in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 92,052,627.76, which is a 7.97% increase from CNY 85,259,463.67 in 2017[23]. - The net profit after deducting non-recurring gains and losses was CNY 90,143,218.03, up 6.76% from CNY 84,434,245.87 in 2017[23]. - The cash flow from operating activities for 2018 was CNY 112,429,771.90, an increase of 18.47% compared to CNY 94,899,900.24 in 2017[23]. - The total assets at the end of 2018 were CNY 1,338,607,882.88, reflecting a 19.69% increase from CNY 1,118,370,620.18 at the end of 2017[23]. - The basic earnings per share for 2018 was CNY 0.65, down 18.75% from CNY 0.80 in 2017[24]. - The weighted average return on equity for 2018 was 9.15%, a decrease of 8.41 percentage points from 17.56% in 2017[24]. - The company achieved operating revenue of CNY 389.03 million, an increase of CNY 28.26 million or 7.83% compared to the previous year[51]. - The net profit attributable to shareholders was CNY 92.05 million, up CNY 6.79 million or 7.97% year-on-year[51]. - The company's net assets attributable to shareholders reached CNY 1,025.94 million, with basic earnings per share of CNY 0.65[51]. Cash Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year due to the acquisition of 49% equity in Guangzheng Gas for RMB 294 million, which has put pressure on cash flow[4]. - The company maintains a cash dividend policy that requires at least 10% of the distributable profit to be distributed as cash dividends in profitable years, barring special circumstances[89]. - The company’s cash dividend distribution interval generally does not exceed one year, with the possibility of proposing interim dividends based on current profitability and cash flow[90]. - The company’s profit distribution plan must be approved by the board of directors and the supervisory board before being submitted to the shareholders' meeting for approval[91]. - The company’s cash dividend distribution plan for 2018 was not executed, as no dividends were declared for that year[93]. Market Position and Strategy - The company is focused on expanding its market presence and developing new products and technologies[4]. - The company aims to expand its operational areas and market scale in line with its development plan[37]. - The company is positioned to benefit from national policies promoting economic development in the Kashgar region, enhancing its market prospects[41]. - The company holds exclusive rights for urban pipeline natural gas operations and provides low-cost clean energy to industrial, commercial, and residential users in specific regions[35]. - The company has secured a long-term natural gas sales contract with PetroChina for 30 years, ensuring stable gas supply until September 30, 2034[38]. - The company plans to sell 220 million cubic meters of natural gas in 2019, with projected revenue of 420 million yuan and a net profit of 101 million yuan[79]. - The company aims to expand its market share and supply capacity through flexible marketing strategies and leveraging its financing platform[77]. - The company is focused on diversifying its business structure beyond urban gas to achieve a multi-faceted development model[78]. Risks and Challenges - The company has detailed potential risk factors in the report, which investors should review[7]. - The company faces risks related to industrial policy changes, which could impact its operational model and performance[80]. - The company relies on PetroChina for its natural gas supply, which poses a risk if seasonal demand exceeds supply capabilities[81]. - The company has secured gas pipeline operating rights in Kashgar for 16 to 30 years, but risks losing these rights if it fails to meet regulatory requirements[83]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Huapu Tianjian Accounting Firm[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[6]. - The company has not reported any major safety incidents during the reporting period, fulfilling its social responsibility in safety production[50]. - The company has adopted new accounting standards effective January 1, 2018, impacting financial reporting formats and classifications[117]. - The company has reported no significant accounting errors or issues during the reporting period[122]. - The company has implemented measures to stabilize its stock price, which can be suspended if the stock price exceeds the audited net asset value per share for 10 consecutive trading days[113]. Shareholder Commitments - The actual controller and major shareholder Zhao Anlin committed to not transferring or entrusting the management of his shares for 36 months from the date of the company's stock listing[97]. - Shareholder Zhao Haibin also committed to not transferring or entrusting the management of his shares for 36 months from the date of the company's stock listing[98]. - The company’s major shareholders have committed to comply with relevant laws and regulations regarding share transfers and reductions[104]. - The commitments made by shareholders are aimed at maintaining market stability and protecting investor interests[103]. Employee and Management Structure - The company’s management team has a diverse background, with members holding various engineering and financial qualifications[170]. - The company continues to focus on stability in its leadership and governance structure, ensuring continuity in its strategic direction[170]. - The company conducted annual performance assessments for employees, determining year-end bonuses based on these evaluations[186]. - The company organized targeted training programs to enhance employee skills and optimize human resource structure[184]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year, targeting 1.32 billion CNY[173]. - The company plans to expand its market presence by entering two new provinces in the upcoming year, aiming for a 5% market share in those regions[173]. - A new technology initiative was announced, focusing on the integration of IoT solutions to improve service delivery and customer engagement[173]. - The board emphasized the importance of sustainable practices in future strategies, aiming for a 30% reduction in carbon emissions by 2025[173].

Financial Performance - Operating revenue for the first nine months was CNY 245,484,462.65, reflecting a year-on-year growth of 13.59%[6] - Net profit attributable to shareholders of the listed company rose by 17.12% to CNY 57,921,862.54[6] - Total operating revenue for Q3 reached ¥75,353,956.2, a 27.4% increase from ¥59,104,246 in the same period last year[24] - Year-to-date operating revenue reached ¥245,484,462, a 13.6% increase from ¥216,115,312 in the same period last year[24] - Year-to-date net profit amounted to ¥57,921,862.5, up 16.9% from ¥49,455,988.7 in the same period last year[26] - Operating profit for Q3 was ¥20,563,523.3, a 51.2% increase from ¥13,601,391 in the same period last year[25] - The company reported a total comprehensive income of CNY 12,042,930.8 for Q3 2018, compared to CNY 8,552,890.62 in Q3 2017, marking a 40.5% increase[30] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,120,729,913.66, a slight increase of 0.21% compared to the end of the previous year[6] - Total liabilities decreased to CNY 128,765,631.17 from CNY 158,578,892.03, a reduction of 18.8%[19] - Current assets totaled CNY 652,272,380.27, slightly up from CNY 651,640,778.19[20] - Non-current assets totaled CNY 468,457,533.39, slightly up from CNY 466,729,841.99[20] - Cash and cash equivalents decreased by 49.72% from CNY 527,720,245.52 to CNY 265,318,965.27, primarily due to the purchase of financial products and increased expenditures[14] Shareholder Information - The total number of shareholders reached 22,995 at the end of the reporting period[10] - The largest shareholder, Zhao Anlin, holds 33.09% of the shares, totaling 46,825,000 shares[11] Cash Flow - Net cash flow from operating activities increased by 34.44% to CNY 85,313,628.77[6] - The company reported a net cash flow from operating activities of CNY 85,313,628.77, an increase of 34.44% compared to the previous period[15] - Cash inflow from operating activities increased to $243.44 million, up from $219.97 million year-over-year, representing an increase of approximately 10.65%[36] - Net cash flow from operating activities decreased to $49.69 million, down from $57.07 million year-over-year, a decline of about 12.56%[36] - Cash outflow from investment activities totaled $140.79 million, significantly higher than $47.47 million in the previous year, indicating a substantial increase in investment spending[36] Expenses and Costs - The company’s management expenses increased by 99.73%, from CNY 5,886,665.41 to CNY 11,757,248.26, primarily due to IPO issuance costs and intermediary service fees incurred during the period[15] - Total operating costs for Q3 were ¥55,024,579.4, up 20.7% from ¥45,527,855 in Q3 of the previous year[24] - The company incurred total expenses of CNY 247,130,273.42 in operating activities, which is an increase from CNY 203,932,942.05 in the same period last year[33] Taxation - The company reported a significant decrease in income tax payable by 92.41%, from CNY 9,832,701.97 to CNY 746,467.63, primarily due to the payment of corporate income tax accrued at the end of the previous year[14] - Tax expenses for Q3 were ¥1,510,620.30, compared to ¥1,021,677.2 in the same period last year, reflecting a 47.9% increase[25] - The company paid CNY 29,513,622.30 in taxes during the first nine months of 2018, compared to CNY 11,919,997.91 in the same period last year[33] Other Financial Metrics - Basic and diluted earnings per share decreased by 12.77% to CNY 0.41[7] - Financial income improved significantly, with a change of 465.24%, reflecting increased returns from financial products[15] - The company reported other income of ¥45,984.30 in Q3, an increase from ¥25,000.00 in the same period last year[25]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥170,130,506.38, representing an increase of 8.36% compared to ¥157,011,066.13 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was ¥39,046,941.09, up 5.88% from ¥36,878,935.84 in the previous year[20]. - The net cash flow from operating activities increased by 62.05%, reaching ¥53,106,447.85 compared to ¥32,772,630.71 in the same period last year[20]. - The total assets at the end of the reporting period were ¥1,080,493,873.18, a decrease of 3.39% from ¥1,118,370,620.18 at the end of the previous year[20]. - The basic earnings per share decreased by 20.00% to ¥0.28 from ¥0.35 in the same period last year[21]. - The weighted average return on net assets was 4.00%, down 3.99 percentage points from 7.99% in the previous year[22]. - The total profit amounted to 44 million RMB, with a year-on-year growth of 6.06%[38]. - The company reported a total revenue of 11,930,000 with a growth rate of 8.43% compared to the previous period[100]. - The net profit for the first half of 2018 reached CNY 39,046,941.09, representing a growth of 5.7% from CNY 36,878,935.84 in the previous year[124]. Business Operations - The company operates in the urban gas supply industry, providing natural gas and installation services to various users in Kashgar and surrounding areas[25][27]. - The company holds exclusive rights for pipeline natural gas operations in its designated regions, which supports long-term business development[31]. - The company benefits from its strategic location in Kashgar, a key point along the Silk Road, enhancing its market potential in the region[32]. - The management team has extensive experience in urban gas operations, contributing to improved safety and customer service practices[33]. - The company has a long-term gas supply contract with PetroChina, ensuring stable gas sources until 2034[34]. - The company constructed over 120 kilometers of self-owned high-pressure gas pipelines, allowing for lower procurement costs[35]. - The company sold a total of 9,571.60 thousand cubic meters of natural gas, marking a 5.65% increase from the previous year[40]. Risks and Challenges - The company has detailed the potential risks in the report, particularly in the section discussing future development risks[5]. - The company faces risks related to natural gas pricing, which may impact gross margins if upstream procurement prices increase without corresponding adjustments in downstream sales prices[49]. - The stability of gas supply is crucial, as the company relies on PetroChina for its natural gas, and any disruption could significantly affect operations[50]. - The company's performance is closely tied to the population and economic growth in the Kashgar region, where it operates, and any stagnation could hinder future growth[50]. - Safety management is a priority due to the inherent risks of natural gas, and any incidents could lead to severe consequences, including financial losses and reputational damage[51]. - There is a risk of declining gross margins in natural gas sales if competition increases or if the sales mix shifts towards lower-margin residential and industrial gas[52]. Shareholder Commitments - The actual controller and major shareholder Zhao Anlin committed to not transferring or entrusting the management of his shares for 36 months from January 3, 2018[60]. - Shareholder Zhao Haibin made a similar commitment regarding his shares for the same 36-month period starting January 3, 2018[60]. - Directors and senior management shareholders committed to not transferring or entrusting their shares for 12 months from the company's listing date[60]. - If the company's stock price falls below the issue price for 20 consecutive trading days within six months post-listing, the lock-up period will automatically extend by six months[60]. - After the lock-up period, shareholders can only transfer up to 25% of their total shares held annually during their tenure as directors or senior management[61]. - The commitments are aimed at ensuring market stability and protecting investor interests[61]. Corporate Governance - The company has established clear guidelines for share transfers and reductions to comply with legal and regulatory requirements[63]. - The company will announce any share reduction three trading days in advance and complete it within three months, adhering to the stock exchange's disclosure obligations[64]. - The company has no major litigation or arbitration matters during the reporting period[77]. - The controlling shareholder and actual controller have maintained good integrity status during the reporting period[78]. Social Responsibility - The company plans to assist 25 impoverished individuals in finding employment as part of its poverty alleviation efforts in 2018[84]. - As of June 30, 2018, the company has successfully helped 14 individuals secure jobs through its employment assistance initiatives[85]. - The total financial investment in poverty alleviation efforts amounts to CNY 45.99 million, with an additional CNY 5.36 million in material support[87]. - The company aims to achieve the goal of "one job per household" for impoverished families[89]. - The company will continue its "Ten Thousand Enterprises Helping Thousand Villages" initiative in the second half of 2018 to further support poverty alleviation[90]. Financial Reporting and Compliance - The company’s financial report has not been audited for this half-year report[6]. - The financial report was approved by the board of directors on August 20, 2018, ensuring compliance with regulatory requirements[148]. - The company has not reported any significant changes in accounting policies or estimates compared to the previous accounting period[93]. - The company has not disclosed any new product developments or technological advancements in this report[106]. - The financial statements are prepared based on the assumption of going concern, with no identified issues affecting the company's ability to continue operations[152]. Future Outlook - Future outlook suggests continued growth with a projected revenue increase of 10% for the next quarter[100]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[123]. - Market expansion plans include entering new regions, aiming to increase market share by 15% over the next year[100]. - The company is considering strategic acquisitions to bolster its competitive position in the industry[100]. - A new marketing strategy will be implemented to target younger demographics, expected to increase engagement by 20%[100].

Financial Performance - The company's operating revenue for 2017 was CNY 360,774,140.54, representing a 16.11% increase compared to CNY 310,712,304.11 in 2016[26]. - The net profit attributable to shareholders for 2017 was CNY 85,259,463.67, a decrease of 28.06% from CNY 118,509,528.24 in 2016[26]. - The total assets at the end of 2017 reached CNY 1,118,370,620.18, which is a 96.43% increase from CNY 569,358,226.53 in 2016[26]. - The net assets attributable to shareholders increased by 116.35% to CNY 959,791,728.15 in 2017 from CNY 443,626,510.78 in 2016[26]. - The basic earnings per share for 2017 was CNY 0.80, down 28.57% from CNY 1.12 in 2016[27]. - The cash flow from operating activities for 2017 was CNY 94,899,900.24, an increase of 11.15% compared to CNY 85,383,030.56 in 2016[26]. - The weighted average return on equity decreased to 17.56% in 2017 from 30.80% in 2016, a reduction of 13.24 percentage points[27]. - The company reported quarterly revenues of CNY 92,031,058.89 in Q1, CNY 64,980,007.24 in Q2, CNY 59,104,246.40 in Q3, and CNY 144,658,828.01 in Q4 of 2017[30]. - The net profit attributable to shareholders for Q4 2017 was CNY 35,803,474.94, showing a strong performance compared to previous quarters[30]. Dividend Policy - The company plans to distribute a cash dividend of 1.90 RMB per 10 shares to all shareholders, totaling approximately 26.83 million RMB based on the total share capital of 141.5 million shares as of December 31, 2017[7]. - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be paid as dividends in profitable years[86]. - The company’s cash dividend distribution will vary based on its development stage, with a minimum of 80% for mature stages without major capital expenditures[87]. - In 2017, the cash dividend payout ratio was 31.53%, with a total net profit attributable to shareholders of 85,259,463.67 RMB[92]. - There were no adjustments to the cash dividend policy during the reporting period[93]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for ordinary shareholders[93]. Corporate Governance - The company has received a standard unqualified audit report from Huapu Tianjian Accounting Firm, ensuring the accuracy and completeness of its financial statements[6]. - The company is committed to maintaining transparency and has ensured that all board members attended the board meeting, reflecting strong corporate governance practices[5]. - The company has not engaged in any irregular decision-making processes for external guarantees, further emphasizing its adherence to regulatory compliance[9]. - The company’s financial report has been confirmed by key management personnel, ensuring accountability for the accuracy of the financial data presented[4]. - The company has outlined potential risks in its future development, which are detailed in the fourth section of the report, indicating a proactive approach to risk management[9]. - The company has established commitments to avoid engaging in any competing business activities during Zhao Anlin's tenure as the actual controller[104]. Market and Industry Outlook - The natural gas sales volume is expected to continue growing due to increasing urbanization and industrialization, with a persistent supply-demand imbalance in the market[37]. - The company operates in a regulated environment where gas selling prices are determined by local government price authorities, ensuring stable profit margins[39]. - The urban gas industry has maintained positive growth over the past decade, with expectations for continued growth in the future due to urbanization and industrialization[43]. - The company has a unique market position in the "one city and two counties" region, being the sole provider of pipeline natural gas services[35]. - The company is focused on expanding its market presence and enhancing safety management to ensure stable operations amid increasing security requirements in Xinjiang[52]. Risk Management - The company has outlined its future plans and potential risks, advising investors to be cautious and aware of investment risks associated with forward-looking statements[8]. - The company faces risks related to natural gas pricing, which could impact its gross margin if upstream costs rise without corresponding increases in downstream prices[79]. - The company relies on stable gas supply from PetroChina, and any disruption could significantly affect its operations[80]. Operational Efficiency - The company constructed over 120 kilometers of natural gas long-distance pipelines from the Akemomu gas field to various locations, enhancing its supply capabilities[26]. - The company has developed advanced gas supply technologies, including high-pressure gas transmission and safety management systems, enhancing operational efficiency[40]. - The company is focused on the application of new materials and equipment, such as PE pipes and high-performance pressure regulating devices, to improve service quality[41]. Financial Management - The company reported a significant increase in financing cash flow, with a net inflow of RMB 442,795,322.96, compared to a net outflow of RMB 35,393,540.34 in the previous year[56]. - The company's cash and cash equivalents at the end of the period amounted to approximately 527.72 million, representing a significant increase of 576.26% compared to the previous period[70]. - The company’s financial expenses turned negative at RMB -238,921.85, a significant decrease from RMB 149,263.27 in the previous year, indicating improved financial management[63]. Employee and Social Responsibility - The company reported a total of 372,998.53 RMB in material donations for poverty alleviation efforts in 2017[128]. - The company plans to actively assist government departments in poverty alleviation and respond to the "Ten Thousand Enterprises Help One Thousand Villages" initiative in 2018[131]. - The company strictly adheres to labor laws and regulations, ensuring the protection of employee rights and providing comprehensive social security benefits[133]. Shareholder Information - The company’s actual controller and major shareholders have committed to not transferring or entrusting their shares for 36 months post-IPO[94][95]. - Shareholders must announce their reduction plans three trading days in advance and complete the reduction within three months[6]. - The company will take effective measures to prevent any direct or indirect competition with its main business activities[105].

Financial Performance - Operating revenue for the period was CNY 99,107,763.92, representing an increase of 7.69% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 20,995,671.54, down 12.89% from the previous year[6] - Basic earnings per share decreased by 31.82% to CNY 0.15 compared to CNY 0.22 in the same period last year[6] - The net profit for Q1 2018 was CNY 21,025,196.09, a decrease of 8.77% compared to the same period last year, primarily due to IPO-related expenses of CNY 4,503,602.83[14] - Basic earnings per share for Q1 2018 were CNY 0.15, down 31.82% year-on-year, attributed to an increase in total share capital by CNY 35,500,000.00[14] - The net profit for Q1 2018 was CNY 18,373,412.12, a decrease of 18.0% compared to CNY 22,383,908.34 in the same period last year[29] - Operating profit for Q1 2018 was CNY 21,908,444.51, down from CNY 27,710,474.06, reflecting a decline of 20.5% year-over-year[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 14,830,092.72, a decline of 462.42% compared to the previous year[6] - The net cash flow from operating activities in Q1 2018 was -CNY 14,830,092.72, a decrease of 462.42% year-on-year, mainly due to increased payments for year-end bonuses and taxes[14] - Cash inflow from operating activities totaled CNY 100,896,616.04, an increase of 8.9% from CNY 93,120,364.58 in the previous year[31] - Cash outflow from operating activities was CNY 115,726,708.76, up from CNY 89,028,438.49, representing a 30.0% increase year-over-year[31] - The company reported a net cash outflow from investing activities of CNY -6,957,299.08, an improvement from CNY -11,199,216.52 in the previous year[33] - Total cash outflow from financing activities was CNY 6,800,105.50, with no cash inflow reported for this quarter[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,082,987,235.61, a decrease of 3.16% compared to the end of the previous year[6] - As of March 31, 2018, total assets amounted to CNY 1,082,987,235.61, a decrease from CNY 1,118,370,620.18 at the beginning of the year[18] - Total liabilities as of March 31, 2018, were CNY 101,690,072.15, down from CNY 158,578,892.03 at the beginning of the year[20] - Total liabilities for Q1 2018 were CNY 112,141,501.10, down from CNY 173,950,235.83 in the previous year[23] - The company's total equity as of March 31, 2018, was CNY 981,297,163.46, an increase from CNY 959,791,728.15 at the beginning of the year[20] - Total equity increased to CNY 893,141,004.17 in Q1 2018, compared to CNY 874,287,352.83 in the same period last year[23] Expenses - Management expenses rose by 261.18% to CNY 6,860,826.72, mainly due to costs related to the IPO ceremony and intermediary services[13] - The company experienced a significant increase in cash outflow for employee payments, totaling CNY 18,062,618.02, up from CNY 11,624,829.47, reflecting a 55.3% increase[31] - Total operating costs for Q1 2018 were CNY 74,597,437.77, up 16.9% from CNY 63,742,482.89 in Q1 2017[26] Other Income - Other income for the first quarter was CNY 40,720.48, an increase of 62.88% year-on-year, attributed to increased subsidy income amortization[13] - The company recorded other income of CNY 40,720.48, compared to CNY 25,000.00 in the previous year[26] Shareholder Information - The number of shareholders at the end of the reporting period was 24,444[10] Audit and Reporting - The first quarter report for 2018 was presented by the legal representative Chen Zhilong and the accounting work responsible person Li Yapeng[37] - The audit report is not applicable for this quarter[37] - The document contains a total of 18 pages, indicating a comprehensive financial overview[37] - There are no specific performance summaries or user data provided in the document[37] - Future outlook and performance guidance details are not included in the report[37] - Information regarding new product and technology development is absent[37] - Market expansion and acquisition strategies are not discussed in this document[37] - Other new strategies are not mentioned in the report[37] - The document does not provide any numerical data or percentage figures related to financial performance[37] - Overall, the report lacks detailed financial metrics and insights for stakeholders[37]