Financial Performance - The company's operating revenue for the first half of 2021 was ¥336,190,275.53, representing a 17.59% increase compared to ¥285,906,068.61 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was ¥39,530,473.96, which is a 24.22% increase from ¥31,823,421.60 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥36,486,733.79, up 28.46% from ¥28,402,429.63 in the same period last year[17]. - The basic earnings per share for the first half of 2021 was ¥0.09, an increase of 28.57% compared to ¥0.07 in the same period last year[19]. - The company achieved a revenue of 336.19 million RMB in the first half of 2021, representing a year-on-year growth of 17.59%[34]. - The net profit attributable to shareholders reached 39.53 million RMB, marking a 24.22% increase compared to the previous year[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,670,362,439.48, a slight increase of 0.34% from ¥1,664,695,482.80 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,309,145,749.66, reflecting a 1.72% increase from ¥1,287,063,711.49 at the end of the previous year[18]. - Cash and cash equivalents decreased by 21.59% to ¥227.32 million, down from ¥289.91 million[41]. - Accounts receivable increased by 18.89% to ¥389.20 million, compared to ¥327.37 million[41]. - Contract liabilities rose by 87.92% to ¥23.26 million, up from ¥12.38 million[41]. - Inventory increased by 4.54% to ¥88.71 million, from ¥84.85 million[41]. - Fixed assets grew by 2.34% to ¥189.64 million, compared to ¥185.30 million[41]. - Goodwill increased by 9.40% to ¥299.49 million, up from ¥273.74 million[41]. - Long-term prepaid expenses rose by 44.49% to ¥11.46 million, from ¥7.93 million[41]. - Other current liabilities increased by 130.48% to ¥8.20 million, compared to ¥3.56 million[41]. Cash Flow - The net cash flow from operating activities was negative at -¥46,960,764.42, compared to -¥44,856,030.78 in the same period last year[18]. - Cash inflow from investment activities was ¥256,744,052.93, compared to ¥311,202,817.36 in the same period last year[108]. - Cash flow from financing activities resulted in a net outflow of ¥28,406,586.81, a significant decrease from an inflow of ¥232,813,192.31 in the first half of 2020[108]. - The total cash and cash equivalents at the end of the first half of 2021 were 53,162,192.18 RMB, down from 222,904,313.08 RMB at the end of the first half of 2020[112]. Business Operations - The company is engaged in integrated services in the construction sector, including engineering design, consulting, monitoring, and project management[23]. - The engineering quality testing business is primarily conducted by subsidiaries, with comprehensive qualifications for various construction-related inspections[24]. - The company has completed over a thousand structural reinforcement projects, enhancing its reputation in the industry[25]. - The company’s new building materials division has launched several products, achieving recognition as a "Jiangsu Province Famous Brand" and "Suzhou Brand Product"[26]. - The company utilizes a bidding process for project acquisition, ensuring compliance with legal regulations and maintaining a good reputation in the industry[27]. - The company has established a training school to cultivate talent in the construction industry, serving as a certification base for quality testing personnel[26]. - The company emphasizes energy-saving practices in its construction projects, contributing to national goals for carbon reduction and sustainable development[26]. - The engineering consulting services provided by the company have won multiple provincial and municipal awards for excellence[26]. - The company’s engineering monitoring services are supported by various qualifications, ensuring high standards in project management and safety[25]. Strategic Initiatives - The company acquired 51% of a detection agency in April 2021, enhancing its core business competitiveness and expanding into the Suzhou market[34]. - Research and development expenses increased by 57.54% to 30.30 million RMB, reflecting a focus on innovation[37]. - The company established a regional marketing team to deepen its market presence in Suzhou and enhance its marketing capabilities outside the city[35]. - The company maintains stable supplier relationships, ensuring consistent procurement prices even during market fluctuations[30]. - The company has optimized its internal management processes, leading to improved operational efficiency[35]. - The company has built strong customer relationships over its 40 years of operation, providing a competitive advantage for future business[33]. Shareholder and Governance - The company did not distribute dividends or increase capital during this reporting period[4]. - The company held its first extraordinary general meeting on February 5, 2021, where several resolutions were passed, including the election of directors and independent directors[47]. - The second extraordinary general meeting was held on May 26, 2021, to approve changes to the business scope and amendments to the company's articles of association[49]. - The company reported no profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses proposed[51]. - The company approved the 2018 Restricted Stock Incentive Plan, granting 1.36 million shares at a price of 18.87 yuan per share to 47 eligible participants[52]. - The company experienced changes in its board and management, with several directors and supervisors being elected or resigning during the meetings[50]. - The company is committed to enhancing its corporate governance through the election of independent directors and supervisory board members[50]. Risks and Challenges - The company faces risks related to industry volatility and market competition, which may impact future performance[45]. - The company has significant receivables with a long aging period, increasing the risk of bad debts[45]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards issued by the Ministry of Finance[138]. - The company’s accounting policies and estimates are developed based on its operational characteristics and comply with the enterprise accounting standards[140]. - The company recognizes the fair value of identifiable assets and liabilities in business combinations under non-common control, with any excess recognized as goodwill[145]. - The company has established a consolidated financial statement preparation method based on control, ensuring that all significant intercompany balances and transactions are eliminated[147]. - The company’s registered currency for accounting is RMB[144].

2021 年第一季度报告 公司代码：603183 公司简称：建研 院 苏州市建筑科学研究院集团股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,560,323,962.2 2 1,664,695,482.80 -6.27 归属于上市公司股 东的净资产 1,297,304,665.7 2 1,287,063,711.49 0.80 年初至报告期末 上年初至上年报告期 末 比上年同期增减(%) 经营活动产生的现 金流量净额 -49,623,327.16 -28,312,584.97 年初至报告期末 上年初至上年报告期 末 比上年同期增减（%） 营业收入 140,354,354.86 106,893,114.84 31.30 归属于上市公司股 东的 ...

Financial Performance - The company's operating revenue for 2020 was CNY 785,885,209.78, representing a 28.55% increase compared to CNY 611,364,181.82 in 2019[23]. - Net profit attributable to shareholders for 2020 was CNY 127,284,088.19, a 57.52% increase from CNY 80,803,050.12 in 2019[23]. - The net cash flow from operating activities reached CNY 150,560,422.26, up 115.84% from CNY 69,756,061.61 in 2019[23]. - Total assets at the end of 2020 were CNY 1,664,695,482.80, a 22.15% increase from CNY 1,362,864,622.28 at the end of 2019[23]. - Basic earnings per share for 2020 were CNY 0.45, a 40.63% increase from CNY 0.32 in 2019[23]. - The weighted average return on equity for 2020 was 11.22%, an increase of 0.29 percentage points from 10.93% in 2019[23]. - The company reported a quarterly revenue of CNY 292,459,623.28 in Q4 2020, showing a strong performance in the last quarter[26]. - The company achieved a revenue of 785.89 million RMB in 2020, representing a year-on-year growth of 28.55%[51]. - The net profit attributable to shareholders reached 127 million RMB, an increase of 57.52% compared to the previous year[51]. - Operating cash inflow was 151 million RMB, showing a significant growth of 115.84% year-on-year[51]. Dividend Policy - The company plans to distribute a cash dividend of 0.88 CNY per 10 shares, totaling approximately 26.25 million CNY, representing a cash dividend payout ratio of 20.62%[4]. - The company emphasizes a stable cash dividend policy, aiming to distribute at least 20% of its distributable profits annually, contingent on meeting specific financial conditions[97]. - The company proposed a cash dividend plan where the minimum cash dividend ratio is set at 80% for mature companies without significant capital expenditure plans[98]. - The cash dividend distribution for 2020 represented 20.62% of the net profit attributable to ordinary shareholders[108]. - The company must adjust its profit distribution policy based on operational conditions and long-term development needs, requiring a two-thirds majority approval from shareholders[103]. - The profit distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting[102]. - The company has implemented the profit distribution plan for the year 2020 as approved by the shareholders' meeting[107]. Market Position and Competition - The company has established a strong regional competitive advantage in construction engineering testing, professional construction, design supervision, and green building materials due to rapid development in the macro economy and real estate sector[8]. - The company faces potential cyclical fluctuations in performance due to a slowdown in domestic economic growth and ongoing macro-control of the real estate market[8]. - The company is experiencing increased pressure from competition as the market expands, with more competitors entering the construction services industry[8]. - The company is significantly affected by macroeconomic conditions and policy regulations related to the construction services industry[9]. Accounts Receivable and Financial Risks - The company has a rising trend in accounts receivable, which poses a risk of bad debts due to the long project cycles and complex settlement processes in the construction industry[9]. - The company’s accounts receivable aged over three years represent a relatively high proportion, increasing the difficulty of collection and potential for bad debt losses[9]. - The company faces risks related to industry fluctuations, market competition, and the potential for bad debts due to long accounts receivable periods[86][87][88]. Business Segments and Operations - The company's main business includes engineering technical services and the production and sales of new building materials[33]. - Engineering technical services encompass quality testing, environmental testing, specialized construction, engineering design, and project supervision[34]. - The construction and material segment focuses on providing integrated waterproofing materials and construction services, improving project execution capabilities[49]. - The company has completed over 1,000 structural reinforcement projects, enhancing its reputation in the industry[35]. - New building materials produced include waterproof membranes, waterproof coatings, concrete additives, and insulation materials, with several products recognized as high-tech products[37]. - The company has established a comprehensive sales network for building materials, utilizing direct sales and distribution models[39]. Research and Development - The company has invested significantly in R&D, leading to the development of new technologies and innovative solutions in the construction sector[46]. - R&D expenses increased by 55.65% to ¥44,235,297.35 compared to ¥28,420,090.75 in the previous year[63]. - The total number of R&D personnel is 190, accounting for 12.95% of the company's total workforce[64]. - The company is committed to accelerating research and development of high-performance building materials and intelligent testing equipment to achieve breakthroughs[85]. Shareholder Engagement and Governance - The company must communicate with minority shareholders to gather their opinions before the cash dividend plan is reviewed by the shareholders' meeting[99]. - Independent directors are required to provide clear opinions on the profit distribution plan before it is submitted for shareholder approval[102]. - The company has established a unified action agreement among its major shareholders, enhancing governance[164]. - The company’s major shareholders include individuals with significant roles in the Suzhou Architectural Science Research Institute Group[165]. Financial Management and Audit - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year[192]. - The internal control evaluation report concluded that there were no significant defects in financial reporting internal controls as of the evaluation date[188]. - Management is responsible for preparing financial statements in accordance with accounting standards to ensure fair representation[199]. - The audit aims to provide reasonable assurance that the financial statements are free from material misstatement due to fraud or error[200]. Employee Development and Training - The company has a training school that has trained numerous professionals in the construction industry, contributing to talent development[36]. - The company has implemented a training system that includes pre-job training, internal training, and external training to enhance employee skills and team cohesion[181]. - The total number of employees in the parent company and major subsidiaries is 1,467, with 939 production personnel and 128 sales personnel[179]. - The educational background of employees includes 62 with postgraduate degrees, 792 with bachelor's degrees, and 613 with college diplomas or below[179].

2020 年第三季度报告 公司代码：603183 公司简称：建研院 苏州市建筑科学研究院集团股份有限公司 2020 年第三季度报告 1 / 29 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年 度末增减(%) | | --- | --- | --- | --- | | 总资产 | 1,523,799,074.19 | 1,362,864,622.28 | 11.81 | | 归属于上市公司股 东的净资产 | 1,210,919,520.46 | 986,632,971.29 | 22.73 | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | （1-9 月） | （1-9 月） | | | 经营活动产生的现 | | | | 单位：元 币种：人民币 | 经营活动产生的现 金 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥285.91 million, representing a year-on-year increase of 7.96% compared to ¥264.83 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥31.82 million, reflecting a 14.11% increase from ¥27.89 million in the same period last year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥28.40 million, an increase of 11.17% compared to ¥25.55 million in the previous year[19]. - The company's total assets at the end of the reporting period were approximately ¥1.58 billion, a 16.09% increase from ¥1.36 billion at the end of the previous year[19]. - The net assets attributable to shareholders increased by 20.51% to approximately ¥1.19 billion from ¥986.63 million at the end of the previous year[19]. - Basic earnings per share for the first half of 2020 were ¥0.12, up 33.33% from ¥0.09 in the same period last year[20]. - The weighted average return on net assets decreased to 3.18%, down 0.74 percentage points from 3.92% in the previous year[20]. - The company achieved revenue of 286 million RMB in the first half of 2020, representing a year-on-year growth of 7.96%[49]. - Net profit attributable to shareholders reached 31.82 million RMB, an increase of 14.11% compared to the previous year[49]. - R&D expenses increased by 87.31% to 19.24 million RMB, driven by higher investment and consolidation effects[51]. Risks and Challenges - The company has a high proportion of accounts receivable aged over three years, which poses a risk of bad debts and may affect cash flow and profit levels[6]. - The construction services industry is highly cyclical and sensitive to macroeconomic policies, which could adversely impact the company's performance if the real estate market is negatively affected[7]. - The company faces increasing competition as the market expands, which may pressure its market share and profitability[5]. - The company is exposed to risks related to long project cycles and complex settlement processes in the construction industry, which can lead to longer accounts receivable collection periods[6]. - The company is experiencing an increase in accounts receivable due to rising sales revenue, with a significant portion of accounts receivable aging over three years, which poses a risk of bad debts[57]. - The construction services industry is highly correlated with macroeconomic conditions and real estate development, making it vulnerable to policy adjustments that could suppress real estate investment demand[58]. - The company faces risks from industry fluctuations, as the domestic economic growth rate is expected to slow down, potentially impacting fixed asset investment and construction service growth[56]. Strategic Initiatives - The company emphasizes the importance of timely adjustments to its business strategy to mitigate potential cyclical fluctuations in performance[5]. - The company has established several innovation platforms, including the "Jiangsu Provincial Enterprise Academician Workstation" and "Jiangsu Provincial High-Performance Building Materials Engineering Technology Research Center" to enhance its core competitiveness in engineering technology services and new building materials[25]. - The company has made strategic acquisitions of several testing companies to enhance its service capabilities and market presence in the engineering detection sector[26]. - The company aims to deepen its market presence in the economically developed Yangtze River Delta region, enhancing its competitive position[46]. - The company plans to expand its market presence through new product launches and technology development[84]. - The company is focusing on strategic acquisitions to enhance its market position and operational capabilities[84]. Corporate Governance and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[5]. - The company has not provided any guarantees in violation of regulatory decision-making procedures[5]. - The company will ensure that no related party transactions occur unless necessary, adhering to principles of fairness and transparency[63]. - The company will fulfill information disclosure obligations and handle relevant approval procedures to protect the rights of shareholders[63]. - The company will avoid any business that generates competition with itself or potential competition to safeguard shareholder interests[63]. - The company has a commitment to distribute cash dividends of no less than 20% of the distributable profits achieved in the current year, ensuring sufficient cash dividends before considering stock dividends[66]. - The company has implemented a restricted stock incentive plan, which was approved by the board on April 26, 2018[67]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental protection and aims to contribute to green energy in the construction sector[73]. - The company continues to focus on environmental issues and aims to be a leader in green construction practices[73]. - The company emphasizes ecological and energy-saving principles in its engineering design, aligning with the growing trend of green buildings and sustainable development[29]. - The company does not belong to the key pollutant discharge units and has not faced penalties for environmental issues[73]. Financial Position and Capital Structure - The company's cash and cash equivalents increased by 115.23% to approximately CNY 365.20 million, primarily due to non-public fundraising[41]. - Contract assets rose by 34.83% to approximately CNY 178.10 million, driven by increased revenue[41]. - The company's other receivables increased by 80.16% to approximately CNY 13.19 million, mainly due to an increase in bid guarantees[41]. - The company's in-progress construction assets grew by 40.36% to approximately CNY 90.85 million, attributed to increased investment in scientific research and development[41]. - The total assets as of the end of the first half of 2020 were CNY 1,253,795,848.43, compared to CNY 1,035,243,835.51 at the end of the first half of 2019, marking an increase of 21.1%[106]. - Total liabilities at the end of the first half of 2020 were CNY 356,757,479.95, up from CNY 304,895,614.29 in the same period of 2019, reflecting a growth of 17.0%[106]. - The total equity as of the end of the first half of 2020 was CNY 897,038,368.48, compared to CNY 730,348,221.22 at the end of the first half of 2019, indicating an increase of 22.8%[106]. - The company’s total liabilities included accounts payable of 127.40 million RMB, up 20.46% from the previous year[53]. - The company’s total share capital after the issuance will be 298,280,075 shares[76]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 24,155[85]. - The top ten shareholders hold a total of 22,056,978 shares, representing 7.39% of the total shares[87]. - Wu Xiaoxiang increased his shareholding from 15,754,984 to 22,056,978 shares during the reporting period, a change of 6,301,994 shares[94]. - The top four shareholders, including Wu Xiaoxiang, Wang Huiming, and Huang Chunsheng, each hold 18,644,893 shares, representing 6.25% of the total shares[88]. - The company has established a unified action agreement among several major shareholders, indicating a coordinated approach to shareholding[90]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[145]. - The company follows a control-based approach for preparing consolidated financial statements, ensuring that all significant transactions and balances between the parent and subsidiaries are eliminated[151]. - The company recognizes goodwill in a business combination when the fair value of the acquired net assets is less than the purchase price, indicating a positive difference[152]. - The company measures expected credit losses for receivables based on historical loss experience and current economic conditions[166]. - The company applies a perpetual inventory system for inventory management, ensuring accurate tracking of inventory levels and costs[174].

2020 年第一季度报告 一、 重要提示 公司代码：603183 公司简称：建研院 苏州市建筑科学研究院集团股份有限公司 2020 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2020 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,344,169,792.39 | 1,362,864,622.28 | | -1.37 | | 归属于上市公司 | 990,165,037.79 | 986,632,971.29 | | 0.36 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -28,312,584.97 | -51,432,434.53 | | | | ...

Financial Performance - The company's operating revenue for 2019 was ¥611,364,181.82, representing a 23.61% increase compared to ¥494,606,427.36 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥80,803,050.12, a 25.09% increase from ¥64,595,795.75 in 2018[22]. - The net cash flow from operating activities for 2019 was ¥69,756,061.61, a significant increase of 3,213.25% compared to ¥2,105,365.21 in 2018[22]. - The total assets at the end of 2019 were ¥1,362,864,622.28, up 42.09% from ¥959,171,948.45 at the end of 2018[22]. - The company achieved a basic earnings per share of ¥0.46 in 2019, which is a 24.32% increase from ¥0.37 in 2018[23]. - The weighted average return on equity for 2019 was 10.93%, an increase of 1.25 percentage points from 9.68% in 2018[23]. - The company reported a total revenue of 2,379,588,000 RMB for the year 2019, reflecting a growth of 1.25% compared to the previous year[165]. Dividend Policy - The company plans to distribute a cash dividend of 1.28 CNY per 10 shares, totaling approximately 24.43 million CNY, representing a cash dividend payout ratio of 30.23%[4]. - The company emphasizes a stable cash dividend policy, aiming to distribute at least 20% of the annual distributable profit in cash dividends, contingent on meeting specific financial conditions[97]. - The cash dividend per 10 shares was 1.28 yuan in 2019, an increase from 1.05 yuan in 2018[109]. - In 2018, the company distributed cash dividends of 1.05 RMB per 10 shares, totaling 13,135,920 RMB, and increased its total share capital by 50,041,600 shares through a capital reserve conversion[106]. Competition and Market Conditions - The company faces significant competition as the market expands, with increasing pressure from both new entrants and existing competitors in the construction services industry[8]. - The construction services industry is highly sensitive to macroeconomic conditions and real estate policies, which could adversely affect the company's performance if economic conditions worsen[9]. - The construction service industry is expected to face risks from market competition and economic fluctuations, which may impact the company's performance[87]. - The company anticipates that the infrastructure sector will be a key driver for growth in the post-pandemic recovery phase[86]. Innovation and R&D - The company has established several innovation platforms, including the "Jiangsu Provincial Enterprise Academician Workstation" and "Jiangsu Provincial High-Performance Building Materials Engineering Technology Research Center" to enhance its core competitiveness in engineering detection and green building[30]. - The company has a significant focus on research and development in the fields of engineering detection, energy-efficient buildings, and new building materials[30]. - The company applied for 53 new patents in 2019, including 12 invention patents and 41 utility model patents[52]. - The total number of authorized patents reached 128 by the end of 2019, comprising 46 invention patents and 71 utility model patents[52]. Financial Integrity and Audit - The company has not reported any non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[6]. - The company has received a standard unqualified audit report from its accounting firm, affirming the accuracy of its financial statements[7]. - The company is committed to maintaining transparency and accuracy in its financial reporting, with all board members present at the meeting to ensure accountability[7]. - The audit report confirms that the financial statements fairly reflect the company's financial position and results for the year ended December 31, 2019[197]. Asset Management - The company's cash and cash equivalents decreased by 36.86% from CNY 268.72 million in 2018 to CNY 169.68 million in 2019[48]. - Accounts receivable increased by 51.03% from CNY 20.21 million in 2018 to CNY 30.52 million in 2019, indicating a rise in bill settlements[48]. - The company's goodwill increased by 476.25% from CNY 45.30 million in 2018 to CNY 261.03 million in 2019, attributed to the acquisition of Zhongce Holdings[48]. - The company’s in-progress construction projects rose by 273.41% from CNY 17.33 million in 2018 to CNY 64.73 million in 2019, reflecting increased investment in research and development facilities[48]. Strategic Acquisitions - The company acquired 100% equity of Shanghai Zhongcexing Engineering Testing Consulting Co., Ltd. for a total consideration of CNY 290.501 million in 2019[78]. - The company acquired 65% of Taicang Construction Quality Testing Center Co., Ltd., with a profit commitment of no less than RMB 5.75 million, RMB 6.6 million, and RMB 7.6 million for 2018, 2019, and 2020 respectively, achieving RMB 5.87 million and RMB 9.42 million in 2018 and 2019[119]. - The company completed the transfer of 100% equity of Zhongce, making it a wholly-owned subsidiary[128]. Employee and Governance - The total number of employees in the parent company and major subsidiaries is 1,382, with 43 in the parent company and 1,339 in subsidiaries[183]. - The company has a structured remuneration decision-making process involving the compensation and assessment committee, board approval, and shareholder meeting ratification[181]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to 12.1225 million yuan before tax[181]. - The independent directors have extensive experience in finance and management, contributing to the company's strategic direction[180]. Environmental and Social Responsibility - The company is committed to environmental protection and aims to contribute to green energy in the construction sector, emphasizing its role as an "environmental advocate" in the industry[146]. - The company has not been penalized for environmental issues and does not fall under the category of key pollutant discharge units[146]. - The company emphasizes employee rights protection, adhering to national labor laws and providing benefits such as health insurance and employee development opportunities[145].

Financial Performance - Operating revenue for the first nine months was ¥396,687,957.95, representing a year-on-year growth of 21.15%[6] - Net profit attributable to shareholders of the listed company was ¥35,997,777.40, a slight increase of 1.60% compared to the same period last year[6] - Basic earnings per share increased to ¥0.21, reflecting a growth of 5.00% compared to ¥0.20 in the previous year[7] - Total operating revenue for Q3 2019 reached ¥131,857,461.46, an increase of 15.4% compared to ¥113,764,276.85 in Q3 2018[23] - Operating profit for the first three quarters of 2019 was ¥44,056,530.47, a rise of 15.5% from ¥38,216,752.19 in the same period of 2018[24] - Net profit for Q3 2019 was ¥8,358,681.82, compared to ¥7,266,792.47 in Q3 2018, indicating a year-over-year increase of about 15%[26] - The total profit for the first nine months of 2019 was ¥37,374,522.91, compared to ¥34,388,282.63 in the same period of 2018, representing an increase of about 8.6%[26] Cash Flow - The net cash flow from operating activities for the first nine months was -¥39,493,755.17, an improvement from -¥77,896,944.29 in the previous year[6] - Net cash flow from operating activities improved to -¥39,493,755.17 from -¥77,896,944.29[12] - The net cash flow from operating activities for Q3 2019 was -27,540,987.71 RMB, compared to -68,754,234.34 RMB in the same period last year, indicating an improvement[37] - The net cash flow from investing activities decreased by 1336.76% to -¥156,041,583.42 from ¥12,616,977.92[12] - The net cash flow from investment activities was -CNY 156,041,583.42, a decline from a positive net cash flow of CNY 12,616,977.92 in the previous year[34] - Cash inflows from financing activities amounted to CNY 75,772,046.23, significantly higher than CNY 25,703,744.94 in the same period of 2018[34] - The net cash flow from financing activities was CNY 6,403,101.20, slightly up from CNY 5,903,744.94 in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥981,798,000.36, an increase of 2.36% compared to the previous year-end[6] - Cash and cash equivalents decreased by 67.06% to ¥88,522,151.02 from ¥268,724,178.16[11] - Trading financial assets increased by 1702.13% to ¥84,700,000.00 from ¥4,700,000.00[11] - Total liabilities as of September 30, 2019, were ¥193,458,026.06, compared to ¥178,458,620.06 in the previous year, indicating an increase of 8.9%[21] - The company's equity decreased to ¥485,040,263.40 from ¥500,216,051.07 in 2018, reflecting a decline of 3.0%[21] - The total assets as of Q3 2019 amounted to 959,171,948.45 RMB, with total liabilities at 249,683,289.57 RMB, resulting in total equity of 709,488,658.88 RMB[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,267[9] - The top shareholder, Wu Xiaoxiang, holds 15,754,984 shares, accounting for 9.00% of the total shares[9] Research and Development - Research and development expenses for the first three quarters of 2019 were ¥17,068,051.52, an increase of 20.5% compared to ¥14,100,975.56 in the same period of 2018[24] - Research and development expenses for Q3 2019 totaled ¥1,387,500.82, up from ¥994,754.91 in Q3 2018, indicating a growth of approximately 39.5%[29] Government Subsidies and Non-Operating Income - The company received government subsidies amounting to ¥1,412,536.03 during the reporting period, which are closely related to its normal business operations[8] - The company reported a total of ¥134,910.63 in non-operating income for the third quarter[8] Financial Position and Compliance - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in the provided financial reports[30] - The company is focused on compliance with new financial and leasing standards, ensuring accurate financial reporting[48]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥264.83 million, representing a year-on-year increase of 23.95% compared to ¥213.66 million in the same period last year[28]. - The net profit attributable to shareholders was approximately ¥27.89 million, showing a slight increase of 0.85% from ¥27.65 million in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥25.55 million, an increase of 9.31% from ¥23.37 million year-on-year[28]. - The company's net cash flow from operating activities improved to -¥53.03 million, compared to -¥84.29 million in the same period last year[28]. - The total assets at the end of the reporting period were approximately ¥965.49 million, a slight increase of 0.66% from ¥959.17 million at the end of the previous year[28]. - The net assets attributable to shareholders increased by 4.09% to approximately ¥726.58 million from ¥698.01 million at the end of the previous year[28]. - The basic earnings per share remained stable at ¥0.16, with no change compared to the same period last year[29]. - The diluted earnings per share also remained unchanged at ¥0.16[29]. - The weighted average return on equity decreased to 3.92%, down 0.28 percentage points from 4.20% in the previous year[29]. Risks and Challenges - The company faces risks from industry fluctuations, particularly due to the slowdown in domestic economic growth and real estate market regulation, which may impact performance[8]. - The company's revenue is primarily concentrated in Jiangsu province, increasing the risk associated with regional market competition[9]. - The company has a significant amount of accounts receivable, with a notable portion aged over three years, which poses a risk of bad debts[13]. - The construction service industry is highly correlated with macroeconomic conditions and real estate policies, making the company vulnerable to policy risks[14]. - The company is facing increasing competition as the market expands, which may pressure its market share[12]. - The company faces risks related to market competition and regional concentration, particularly in Jiangsu province[66]. - The company is exposed to potential bad debt risks due to long accounts receivable aging, particularly in the construction sector[67]. Strategic Initiatives - The company emphasizes the need to expand its market presence outside Jiangsu to mitigate revenue risks[11]. - The company is planning to acquire 100% equity of Shanghai Zhongce Engineering Testing Consulting Co., Ltd. and Shanghai Xinhaiqiao Ningcheng Construction Engineering Testing Co., Ltd. to enhance its competitive capabilities in the Yangtze River Delta region[51]. - The company continues to focus on engineering technology services and the research, production, and sales of new building materials, maintaining its core competitiveness in these areas[33]. - The company has established a service system covering major aspects of engineering technology services, including design, consulting, supervision, and testing[49]. - The company has developed a series of research innovation platforms, enhancing its research capabilities in green buildings and low-carbon technologies[50]. - The company aims to promote high-quality and green development through its research innovation planning, focusing on sustainable growth[55]. Financial Position - The company's cash and cash equivalents decreased by 68.10% to ¥85,720,096.08 compared to the previous year, primarily due to cash management and investment progress payments[47]. - Trading financial assets increased significantly by 1702.13% to ¥84,700,000.00, mainly due to increased cash management of raised funds[48]. - Accounts receivable rose by 32.47% to ¥26,771,356.26, influenced by business settlement activities[48]. - Prepayments increased by 55.80% to ¥17,345,906.76, primarily due to an increase in infrastructure prepayments[48]. - Other receivables grew by 58.83% to ¥11,581,384.36, mainly due to increased payments for bid guarantees and performance guarantees[48]. - Other equity instrument investments surged by 184.06% to ¥45,450,000.00, primarily due to increased payments for the Wu Zhong Tian Kai Hui equity fund investment[48]. - Construction in progress increased by 29.79% to ¥22,497,857.42, mainly due to the construction of the science and education research building[48]. - Inventory decreased by 12.38% to 64,575,094.65, accounting for 6.69% of total assets[61]. - Accounts payable decreased by 12.90% to 105,764,299.08, which is 10.95% of total liabilities[61]. - The company’s total assets for Suzhou Testing reached 344,975,681.99, with a 100% ownership stake[64]. Shareholder Information - The company did not distribute profits or increase capital reserves in the first half of 2019[4]. - The company approved the grant of 1.36 million restricted stocks to 47 eligible incentive objects at a grant price of 18.87 CNY per share[79]. - The number of restricted stocks granted was adjusted to 1.904 million shares with a new grant price of 13.32 CNY per share[80]. - The company will repurchase and cancel unvested restricted stocks from incentive personnel who do not meet the incentive conditions[80]. - The company distributed a cash dividend of CNY 13,135,920 and increased its capital stock by 50,041,600 shares, resulting in a total share capital of 175,145,600 shares[89]. - The company approved a cash dividend of CNY 0.1050 per share and a capital increase of 0.40 shares per share based on a total share capital of 125,104,000 shares[88]. - The total number of ordinary shareholders at the end of the reporting period was 21,920[94]. - The top ten shareholders held a total of 15,754,984 shares, representing 9.00% of the total shares[96]. - The company’s share capital structure included 12,510.40 million shares, with 7,371.74 million shares in circulation[87]. - The company’s total circulating shares increased by 76.44% compared to the previous period[87]. Accounting and Compliance - The financial report for the first half of 2019 has not been audited, but management assures its accuracy and completeness[10]. - The company appointed Jiangsu Gongzheng Tianye Accounting Firm as the auditor for the 2019 fiscal year during the annual shareholders' meeting held on May 21, 2019[78]. - The company has implemented new accounting standards for financial instruments starting January 1, 2019, which involved reclassification of financial assets[85]. - The company follows specific accounting policies for business combinations, distinguishing between same control and non-same control mergers[151][152]. - The company has a comprehensive approach to consolidating financial statements, ensuring all significant intercompany transactions are eliminated[153]. - The company recognizes expected credit losses for receivables based on historical loss experience and future economic forecasts, with specific loss rates for aging categories[171][172]. - The company applies a straight-line depreciation method for fixed assets, with specific depreciation rates for different asset categories, such as 4.75% for buildings and 19% for machinery[190][191]. - The company recognizes investment properties at cost, including purchase price and related taxes, and applies a straight-line depreciation method[188]. - The company performs annual impairment tests for goodwill and indefinite-life intangible assets regardless of impairment indicators[200].

Financial Performance - Operating revenue increased by 9.25% to CNY 102,718,388.37 year-on-year[5] - Net profit attributable to shareholders decreased by 41.82% to CNY 4,769,373.09[5] - Basic and diluted earnings per share both decreased by 33.33% to CNY 0.04[5] - Total revenue for Q1 2019 was CNY 102,718,388.37, an increase of 9.0% compared to CNY 94,024,206.83 in Q1 2018[21] - Net profit for Q1 2019 was CNY 5,093,152.53, a decrease of 36.4% from CNY 8,054,561.15 in Q1 2018[22] - Earnings per share for Q1 2019 were CNY 0.04, down from CNY 0.06 in Q1 2018[23] - The total profit for Q1 2019 was a loss of CNY 4,838,364.85, compared to a loss of CNY 1,649,092.39 in Q1 2018, indicating a significant increase in losses year-over-year[25] - The net profit for Q1 2019 was a loss of CNY 4,095,904.77, which is a deterioration from a loss of CNY 1,617,688.49 in the same period last year[25] Assets and Liabilities - Total assets decreased by 6.27% to CNY 899,039,526 compared to the end of the previous year[5] - Total assets as of March 31, 2019, were ¥899,039,526.00, down from ¥959,171,948.45, indicating a decrease of 6.3%[14] - Total current assets amounted to ¥654,240,479.44, with cash and cash equivalents at ¥268,724,178.16[32] - Total liabilities decreased to ¥181,106,072.72 from ¥249,683,289.57, representing a reduction of 27.5%[13] - Total liabilities for Q1 2019 were CNY 151,504,675.21, a decrease from CNY 178,458,620.06 in Q1 2018[18] - Total liabilities reached ¥249,683,289.57, with current liabilities totaling ¥245,922,096.19[34] Cash Flow - Cash flow from operating activities improved, with a net cash flow of -CNY 51,432,434.53, an improvement from -CNY 62,754,355.44 in the previous year[5] - The company’s cash flow from operating activities showed a decline, impacting overall liquidity[22] - Cash inflow from operating activities in Q1 2019 was CNY 136,798,973.24, up from CNY 113,607,761.52 in Q1 2018, reflecting a 20.4% increase[27] - Cash outflow from operating activities in Q1 2019 totaled CNY 188,231,407.77, compared to CNY 176,362,116.96 in Q1 2018, resulting in a net cash flow from operating activities of -CNY 51,432,434.53[27] - The cash flow from investing activities in Q1 2019 was a net outflow of CNY 115,680,861.88, compared to a net outflow of CNY 1,409,945.79 in Q1 2018[28] - The cash flow from financing activities in Q1 2019 resulted in a net inflow of CNY 521,777.16, an increase from CNY 35,186.63 in Q1 2018[28] Expenses - Research and development expenses increased by 30.30% to CNY 5,831,677.44 compared to the same period last year[8] - Management expenses rose by 52.16% to CNY 27,504,728.27, primarily due to increased personnel costs[8] - Total operating costs for Q1 2019 were CNY 97,897,068.07, up from CNY 88,454,800.40 in Q1 2018, reflecting a growth of 10.0%[21] Shareholder Information - The number of shareholders reached 17,062 by the end of the reporting period[7] - The company received government subsidies amounting to CNY 258,000 during the reporting period[6] Inventory and Equity - Inventory increased to ¥81,093,941.15 from ¥73,702,957.37, marking an increase of 10.5%[12] - The company's total equity rose to ¥717,933,453.28 from ¥709,488,658.88, reflecting a slight increase of 1.9%[14] - The company’s capital reserve increased to CNY 332,433,331.78 in Q1 2019 from CNY 329,581,689.91 in Q1 2018[18]