Financial Performance - The company's operating revenue for 2018 was CNY 494.61 million, an increase of 11.40% compared to CNY 443.99 million in 2017[25]. - The net profit attributable to shareholders for 2018 was CNY 64.60 million, a decrease of 2.09% from CNY 65.98 million in 2017[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 57.52 million, down 2.23% from CNY 58.83 million in 2017[25]. - The cash flow from operating activities for 2018 was CNY 2.11 million, a significant decrease of 93.38% compared to CNY 31.80 million in 2017[25]. - The total assets at the end of 2018 were CNY 959.17 million, an increase of 13.95% from CNY 841.76 million at the end of 2017[25]. - The net assets attributable to shareholders at the end of 2018 were CNY 698.01 million, an increase of 8.28% from CNY 644.64 million at the end of 2017[25]. - The basic earnings per share for 2018 were CNY 0.52, a decrease of 16.13% from CNY 0.62 in 2017[26]. - The weighted average return on equity for 2018 was 9.68%, a decrease of 6 percentage points from 15.68% in 2017[26]. - The company achieved a revenue of CNY 495 million in 2018, representing a year-on-year growth of 11.40%[65]. - The net profit attributable to shareholders for 2018 was CNY 64.60 million, showing a decrease of 2.09% compared to the previous year[65]. - Total assets at the end of 2018 amounted to CNY 959 million, with net assets attributable to shareholders reaching CNY 698 million[65]. Dividend Policy - The company plans to distribute a cash dividend of 1.05 CNY per 10 shares, totaling 13,135,920 CNY, and will increase its total share capital by 50,041,600 shares through a capital reserve conversion, raising the total share capital to 175,145,600 shares[3]. - The company has a cash dividend policy that mandates at least 20% of the distributable profits to be allocated for cash dividends when conditions are met[119]. - The company is committed to a cash dividend distribution of at least 80% of profits in mature stages without major capital expenditures[119]. - The profit distribution plan for 2018 was approved at the shareholders' meeting, requiring a two-thirds majority of voting rights held by attending shareholders[121]. - The company must complete the distribution of dividends within two months after the shareholders' meeting approval[121]. - The company reported a net profit of RMB 1,313.59 million for 2018, with a cash dividend payout ratio of 20.34%[123]. - The company has a policy to adjust profit distribution based on operational conditions and long-term development needs, requiring board approval and shareholder meeting ratification[121]. - The independent directors must review and provide opinions on the profit distribution plan before it is submitted to the shareholders' meeting[121]. - The company must disclose the reasons for not proposing a cash dividend if it is profitable and meets the distribution conditions[122]. - The company has committed to protecting shareholder rights and ensuring compliance with relevant regulations during profit distribution adjustments[121]. Market Risks and Competition - The company faces risks from industry fluctuations, particularly due to the slowdown in domestic economic growth and ongoing macroeconomic controls in the real estate market, which may impact the construction service sector's growth[6]. - Increased competition in the construction service industry is anticipated as fixed asset investments rise, leading to greater pressure on market share and profitability[8]. - The company acknowledges the competitive pressure from new entrants in the construction services market, necessitating strategies to maintain market share[112]. - The company's financial performance is closely tied to the real estate sector, with potential adverse effects from government policies aimed at controlling housing prices[114]. - The company faces risks related to industry fluctuations, particularly due to macroeconomic changes and real estate market regulations that could impact construction service demand[109]. Operational Strategies - The company emphasizes the importance of timely adjustments to its operational strategies in response to market conditions to avoid cyclical fluctuations in performance[6]. - The company is actively exploring new markets outside Jiangsu to mitigate risks associated with regional concentration and enhance overall revenue growth[7]. - The company is enhancing internal systems and processes to improve operational efficiency and compliance across subsidiaries[107]. - The company is implementing a dual mechanism for recruitment, focusing on academic qualifications and rigorous selection processes to attract top talent[108]. - The company plans to enhance its service capabilities in EPC general contracting and comprehensive consulting services[105]. Research and Development - The company focuses on engineering technology services and the production and sales of new building materials, establishing several innovation platforms to enhance core competitiveness[33]. - The company has a well-established research and innovation platform, with multiple provincial-level research centers and a total of 31 patent applications filed in 2018[62]. - The company is focusing on research and development in areas such as sponge cities, prefabricated buildings, and smart technologies[104]. - The company has initiated 15 new research projects, including 1 from the Ministry of Housing and Urban-Rural Development[62]. - Research and development expenses amounted to 19,643,361.76 CNY, representing 3.97% of total revenue[79]. Asset Management - The company reported a significant increase in fixed assets by 63.77% to CNY 158.40 million, primarily due to property and equipment purchases[60]. - The company has committed 35 million CNY to bank wealth management products, with 20 million CNY sourced from raised funds and 3.5 million CNY from self-owned funds[144]. - The annualized return rate for one of the wealth management products was set at 4.35%, with expected returns of 10.85 CNY[145]. - The company reported a total of 10,000 million in financial products with a return rate of 4.40% for the period ending June 2018[150]. - The company achieved a return rate of 4.55% on financial products amounting to 10,000 million for the period ending June 2018[148]. Corporate Governance - The company has received a standard unqualified audit report from Jiangsu Gongzheng Tianye Accounting Firm, ensuring the accuracy of its financial statements[5]. - The company has maintained compliance with all regulatory requirements and has no issues with the integrity of its controlling shareholders or actual controllers[137]. - The board of directors is committed to maintaining transparency and accountability in financial reporting and corporate governance practices[190]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 12.01 million yuan before tax[195]. Employee Management - The company employed a total of 1,137 staff, with 769 in production, 138 in sales, 78 in technical roles, 10 in finance, and 142 in administration[197]. - The educational background of employees includes 44 with postgraduate degrees, 483 with bachelor's degrees, 372 with associate degrees, and 238 with education below associate level[197]. - The company has implemented a salary policy that includes basic salary and performance-based pay, in accordance with labor laws and regulations[198]. - The training system includes pre-job training, internal training, and external training to enhance employee skills and team cohesion[199]. Environmental and Safety Practices - The company emphasizes environmental protection and aims to contribute to green energy in the construction sector[153]. - The company has established a safety production management system to enhance safety controls in daily operations[152]. - The company is committed to protecting employee rights and has implemented measures for occupational health and safety[152]. - The company has not faced any penalties related to environmental issues during the reporting period[153].

Financial Performance - Operating revenue increased by 9.25% to CNY 102,718,388.37 year-on-year[6] - Net profit attributable to shareholders decreased by 41.82% to CNY 4,769,373.09[6] - Basic and diluted earnings per share both decreased by 33.33% to CNY 0.04[6] - Total operating 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 company reported an operating profit of CNY 5,079,320.30 for Q1 2019, down from CNY 7,311,590.45 in Q1 2018[22] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY -51,432,434.53, an improvement from CNY -62,754,355.44 in the same period last year[6] - Cash inflow from sales of goods and services in Q1 2019 was ¥132,276,372.02, an increase of 23.4% compared to ¥107,169,893.07 in Q1 2018[27] - Net cash flow from operating activities in Q1 2019 was -¥51,432,434.53, an improvement from -¥62,754,355.44 in Q1 2018[28] - Total cash inflow from operating activities in Q1 2019 was ¥136,798,973.24, compared to ¥113,607,761.52 in Q1 2018, reflecting a growth of 20.4%[28] - Total cash outflow from operating activities in Q1 2019 was ¥188,231,407.77, an increase of 6.4% from ¥176,362,116.96 in Q1 2018[28] - Cash inflow from financing activities in Q1 2019 was ¥633,914.98, significantly higher than ¥35,186.63 in Q1 2018[29] - Net cash flow from financing activities in Q1 2019 was ¥521,777.16, compared to ¥35,186.63 in Q1 2018[29] - The ending cash and cash equivalents balance for Q1 2019 was ¥97,457,084.05, down from ¥135,314,438.12 in Q1 2018[29] Assets and Liabilities - Total assets decreased by 6.27% to CNY 899,039,526 compared to the end of the previous year[6] - Total liabilities decreased to CNY 181,106,072.72 from CNY 249,683,289.57, reflecting a decrease of approximately 27.5%[14] - Total assets as of March 31, 2019, were CNY 899,039,526.00, down from CNY 959,171,948.45, indicating a decline of about 6.3%[15] - The company's cash and cash equivalents dropped to CNY 105,756,758.10 from CNY 268,724,178.16, a significant decrease of approximately 60.7%[12] - Total current assets decreased to CNY 565,533,333.03 from CNY 654,240,479.44 as of December 31, 2018, representing a decline of approximately 13.5%[13] - Accounts receivable decreased to CNY 267,321,819.47 from CNY 282,752,891.21, a reduction of about 5.5%[13] - The total non-current assets rose to CNY 333,506,192.97 from CNY 304,931,469.01, an increase of approximately 9.4%[13] - The total equity attributable to shareholders increased to CNY 705,635,940.80 from CNY 698,014,925.84, reflecting an increase of approximately 1.1%[15] - The total liabilities to equity ratio improved to approximately 0.26 from 0.35, indicating a stronger financial position[14] Expenses - Research and development expenses increased by 30.30% to CNY 5,831,677.44, indicating a rise in investment in innovation[10] - Management expenses rose by 52.16% to CNY 27,504,728.27, primarily due to increased personnel costs[10] - Research and development expenses increased to CNY 5,831,677.44 in Q1 2019, compared to CNY 4,475,646.69 in Q1 2018, marking a 30.3% rise[21] Shareholder Information - The number of shareholders reached 17,062, with the top ten shareholders holding a combined 36.82% of shares[8]

Financial Performance - Net profit attributable to shareholders rose by 6.14% to CNY 35,432,502.79 year-on-year[6] - Operating revenue for the first nine months increased by 13.50% to CNY 327,422,193.75 compared to the same period last year[6] - The company reported a basic earnings per share of CNY 0.28, up 3.70% from the previous year[7] - Total revenue for Q3 2018 reached ¥113,764,276.85, an increase of 29.9% compared to ¥87,549,621.23 in Q3 2017[21] - Net profit for Q3 2018 was ¥7,266,792.47, a decrease of 7.7% from ¥7,870,135.72 in Q3 2017[23] - The company reported a total operating profit of ¥4,287,024.47 for Q3 2018, down from ¥6,329,348.76 in Q3 2017[22] - The company reported a total comprehensive loss of CNY 3,225,071.71 for Q3 2018, compared to a loss of CNY 1,489,704.17 in Q3 2017[26] Cash Flow - The net cash flow from operating activities decreased significantly by 99.67% to -CNY 77,896,944.29 compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 77,896,944.29 for the first nine months, worsening from a net outflow of CNY 39,013,667.75 in the same period last year[28] - Cash inflow from investment activities was CNY 299,753,661.05, significantly higher than CNY 78,398,413.08 in the previous year[28] - Cash flow from financing activities generated a net inflow of CNY 5,903,744.94, down from CNY 249,978,064.07 in the same period last year[29] - The ending cash and cash equivalents balance was CNY 138,563,672.05, down from CNY 279,728,212.37 at the end of the previous year[29] - Operating cash flow for the period from January to September 2018 was -68,754,234.34 RMB, compared to -63,407,745.20 RMB in the same period last year, indicating a decline of approximately 8.5%[30] - Total cash outflow for operating activities was 84,778,850.70 RMB, slightly lower than 85,069,370.55 RMB in the previous year, showing a marginal decrease of about 0.3%[30] Assets and Liabilities - Total assets increased by 1.03% to CNY 850,433,365.22 compared to the end of the previous year[6] - Total liabilities decreased to ¥185,314,375.05 from ¥195,745,514.95, indicating a reduction in financial obligations[15] - The company's total equity increased to ¥665,118,990.17 from ¥646,011,165.79, reflecting growth in shareholder value[16] - Cash and cash equivalents decreased to ¥142,715,311.14 from ¥199,385,683.66, indicating a decline in liquidity[14] - Accounts receivable increased by 39.58% to CNY 282,676,297.88, primarily due to increased revenue and settlement cycle effects[10] - Accounts receivable rose to ¥292,932,364.79 from ¥221,934,784.89, showing an increase in credit sales[14] Expenses - Operating costs for Q3 2018 were ¥109,853,779.38, up 35.2% from ¥81,264,151.92 in Q3 2017[22] - Research and development expenses for the first nine months of 2018 were ¥14,100,975.56, reflecting ongoing investment in innovation[22] - Research and development expenses for the first nine months amounted to CNY 3,345,617.40, reflecting the company's commitment to innovation[25] - Cash paid for purchasing goods and services increased significantly to 11,074,676.36 RMB, compared to 4,783,628.64 RMB in the same period last year, reflecting an increase of about 131%[30] - Cash paid to employees rose to 7,202,552.81 RMB, up from 4,414,497.61 RMB in the previous year, indicating an increase of approximately 63.5%[30] Shareholder Information - The number of shareholders reached 19,783 at the end of the reporting period[9] Government Subsidies and Tax - The total amount of government subsidies recognized was CNY 2,146,138.00 for the year-to-date[8] - The company received CNY 223,710.96 in tax refunds, an increase from CNY 144,423.55 in the previous year[28] Impairment and Other Financial Metrics - The company reported an asset impairment loss of ¥7,061,222.49, a significant increase of 268.89% compared to the previous period, mainly due to the increase in overdue project payments[11] - Other payables increased by 148.49% to ¥30,859,790.43, primarily due to the impact of restricted stock repurchase obligations[11] - Net cash flow from investing activities improved to ¥12,616,977.92, a turnaround from -¥18,881,580.29 in the previous period, mainly due to the recovery of funds from the beginning of the year[11]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥213,657,916.90, representing a 6.34% increase compared to ¥200,920,401.91 in the same period last year[25]. - The net profit attributable to shareholders for the same period was ¥27,653,540.19, an increase of 8.40% from ¥25,511,636.67 year-on-year[25]. - The net profit after deducting non-recurring gains and losses decreased by 4.85%, amounting to ¥23,372,348.10 compared to ¥24,564,727.28 in the previous year[25]. - The net cash flow from operating activities was negative at -¥84,289,024.44, a 91.33% decline from -¥44,052,888.22 in the same period last year[25]. - Basic earnings per share decreased by 43.59% to ¥0.22 from ¥0.39 year-on-year[26]. - The weighted average return on net assets fell to 4.20%, down 3.31 percentage points from 7.51% in the previous year[26]. - The company's total assets at the end of the reporting period were ¥847,338,397.87, a slight increase of 0.66% from ¥841,756,680.74 at the end of the previous year[25]. - The company's operating costs increased by 4.16% to CNY 113.01 million, primarily due to revenue growth[74]. - The company's management expenses rose by 21.43% to CNY 46.72 million, mainly driven by increased employee compensation[75]. Risks and Challenges - The company faces risks related to industry fluctuations, particularly due to the slowdown in domestic economic growth and real estate market regulation[7]. - The company's revenue is primarily concentrated in Jiangsu province, which poses risks if market expansion outside this region is unsuccessful[9]. - Increased competition in the construction services industry is expected as fixed asset investments rise, leading to greater pressure on market share[10]. - The company has a rising trend in accounts receivable, with a significant portion aged over three years, which may increase the risk of bad debts[11]. - The construction services industry is highly correlated with macroeconomic conditions and real estate policies, which could adversely affect the company's performance[12]. - The company is subject to policy risks that could adversely affect its operations, particularly in relation to real estate market regulations[91]. - The concentration of revenue in Jiangsu province poses a risk, as increased competition may affect revenue and profitability if market expansion is unsuccessful[90]. - The company has a significant amount of long-term accounts receivable, which may increase the risk of bad debts due to the nature of the construction industry[90]. Innovation and Development - 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[32]. - The company actively expanded its business into new areas such as urban renewal and energy-saving development, aiming to create new profit growth points[72]. - The company applied for 19 new patents in the first half of 2018, with a total of 106 authorized patents by the end of the period[67]. - The company has invested in new technologies and research in construction materials and energy efficiency, aiming to enhance its service offerings[157]. Market Position and Strategy - The company has a strong market presence in engineering detection, having completed numerous provincial and municipal research projects and contributed to various industry standards[35]. - The company's design business is primarily undertaken by its subsidiary, JianKe Design, which holds a first-class qualification in architectural engineering design and has established a comprehensive green building design system[37]. - The company employs a sales model that includes both direct sales and distribution, utilizing a wide sales network and various marketing strategies to promote its products[44]. - The procurement strategy ensures stable supplier relationships and price stability for raw materials, with a focus on maintaining operational stability[45]. - The production model is market-driven, with the marketing center conducting market research to inform production planning and ensure timely delivery[46]. Shareholder and Capital Management - The company did not distribute profits or increase capital reserves in the first half of 2018, with no dividends or stock bonuses declared[94]. - The company plans to maintain a minimum profit distribution of 20% of the distributable profits achieved in the year, ensuring adequate cash dividends[98]. - The company committed to not transferring shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding[95]. - The company approved the 2018 Restricted Stock Incentive Plan, granting 1.36 million shares to 47 eligible participants at a price of 18.87 CNY per share[101]. - The company distributed dividends amounting to ¥19,800,000.00 during the period, impacting retained earnings[147]. Legal and Compliance - There were no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment[100]. - The company has fulfilled all commitments made by major shareholders and management, with no outstanding debts or court judgments[100]. Future Outlook - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth[201]. - The company is focusing on new product development and technological advancements to maintain competitive advantage[201]. - The company has set performance guidance for the upcoming quarters, aiming for continued revenue growth[201]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[149]. Accounting and Financial Reporting - The company's financial statements are prepared based on the going concern assumption, adhering to relevant accounting standards[158]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[161]. - The accounting period for the company runs from January 1 to December 31 each year, with interim periods defined as shorter than a full accounting year[162]. - The company's accounting currency is Renminbi (RMB)[164].

Financial Performance - Operating revenue increased by 3.80% to CNY 94,024,206.83 year-on-year[6] - Net profit attributable to shareholders decreased by 27.45% to CNY 8,198,090.62 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 47.06% to CNY 0.09[6] - The weighted average return on equity decreased by 62.72 percentage points to 1.26%[6] - Net profit for Q1 2018 was CNY 8,054,561.15, a decrease of 28.5% from CNY 11,299,925.38 in Q1 2017[24] - Earnings per share for Q1 2018 were CNY 0.09, down from CNY 0.17 in the same quarter last year[25] - The net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 43.68% to RMB 6.16 million from RMB 10.94 million, influenced by cyclical factors and increased period expenses[12] Cash Flow and Liquidity - Net cash flow from operating activities worsened, with a loss of CNY 62,754,355.44, an increase of 65.33% in losses year-on-year[6] - Cash and cash equivalents decreased by 30.63% to RMB 138.31 million from RMB 199.39 million due to payments for goods and employee salaries[11] - Net cash flow from operating activities decreased by 65.33% to RMB -62.75 million from RMB -37.96 million, primarily due to increased cash payments to suppliers and employees[12] - The cash flow from operating activities showed a net outflow of ¥62,754,355.44, worsening from a net outflow of ¥37,956,792.43 in the previous year[31] - The company's cash and cash equivalents at the end of Q1 2018 were ¥135,314,438.12, down from ¥199,443,552.72 at the beginning of the period[32] - The net increase in cash and cash equivalents was a decrease of $50,652,284.03, resulting in a year-end balance of $97,564,387.62[34] Assets and Liabilities - Total assets decreased by 4.93% to CNY 800,295,540.94 compared to the end of the previous year[6] - Total assets decreased to RMB 800.30 million from RMB 841.76 million, reflecting a reduction in cash and cash equivalents[17] - Total liabilities decreased to RMB 146.23 million from RMB 195.75 million, indicating a reduction in short-term borrowings and other liabilities[17] - Current assets totaled CNY 284,885,654.67, up 40.6% from CNY 202,567,386.37 at the start of the year[19] - Total liabilities increased to CNY 245,502,172.14 from CNY 161,296,601.30, reflecting a significant rise in current liabilities[20] Shareholder Information - The total number of shareholders reached 16,169 at the end of the reporting period[10] - The top shareholder, Wu Xiaoxiang, holds 9.13% of the shares, totaling 8,038,257 shares[10] Other Financial Metrics - The company received government subsidies amounting to CNY 890,638.00 during the reporting period[8] - Non-recurring gains and losses totaled CNY 2,039,231.83 after tax adjustments[9] - Investment income increased significantly by 1150.01% to RMB 1.54 million from RMB 0.12 million, mainly due to higher financial investment returns[11] - The total operating costs for Q1 2018 were CNY 88,454,800.40, up 15.2% from CNY 76,781,638.45 in Q1 2017[23] - The total comprehensive income for Q1 2018 was a loss of ¥1,617,688.49, compared to a loss of ¥919,227.36 in Q1 2017, reflecting a decline of 76.1%[27] - The total cash inflow from investment activities was ¥147,535,263.30, compared to ¥50,222,820.56 in the same period last year, indicating a significant increase of 194.5%[31]

Financial Performance - The company achieved a distributable profit of CNY 33,454,393.69 for the year 2017, with a total distributable profit of CNY 33,768,378.28 as of December 31, 2017[5]. - The company's operating revenue for 2017 was CNY 443,988,595.67, representing a year-on-year increase of 13.24% compared to CNY 392,071,116.28 in 2016[24]. - The net profit attributable to shareholders for 2017 was CNY 65,975,355.74, which is a 20.01% increase from CNY 54,973,671.85 in 2016[24]. - The net cash flow from operating activities decreased by 35.84% in 2017, amounting to CNY 31,802,089.16, primarily due to increased cash payments to employees and higher expense outlays[24]. - The total assets at the end of 2017 reached CNY 841,756,680.74, a 64.74% increase from CNY 510,948,649.84 at the end of 2016[24]. - The net assets attributable to shareholders grew by 96.15% to CNY 644,644,452.09 at the end of 2017, up from CNY 328,645,322.70 in 2016, mainly due to the initial public offering and increased shareholder contributions[26]. - Basic earnings per share for 2017 were CNY 0.92, reflecting a 10.84% increase from CNY 0.83 in 2016[25]. - The weighted average return on equity for 2017 was 15.68%, down from 18.17% in 2016, indicating a decrease of 2.49 percentage points[25]. - The company reported a total of CNY 7,143,213.26 in non-recurring gains for 2017, compared to CNY 2,977,471.71 in 2016[32]. Dividend Policy - A cash dividend of CNY 2.25 per 10 shares (including tax) will be distributed, totaling CNY 19,800,000, while 35,200,000 shares will be converted from capital reserves, increasing total shares to 123,200,000[5]. - The company emphasizes a stable profit distribution policy, aiming for cash dividends to be no less than 20% of the distributable profits each year[124]. - The company plans to distribute profits through cash, stock, or a combination, prioritizing cash dividends when conditions allow[120]. - The board of directors must consider industry characteristics and major capital expenditure plans when proposing cash dividend policies, with minimum cash dividend ratios set based on the company's development stage[125]. - The company must ensure that cash dividends do not affect its normal operational funding needs and comply with regulatory requirements[122]. - The company is committed to transparent communication with shareholders, especially minority shareholders, regarding profit distribution proposals[126]. - The company will disclose detailed information about its profit distribution plans and any adjustments to its cash dividend policy in regular reports[131]. - The company declared a cash dividend of 2.25 CNY per 10 shares for the year 2017, representing a payout ratio of 30.01% of the net profit attributable to ordinary shareholders[133]. - In 2016, the cash dividend was 1.50 CNY per 10 shares, with a payout ratio of 18.01%[133]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[134]. - The actual controller and major shareholders have committed to not transferring their shares for 36 months post-IPO, which started in August 2017[134]. - The company plans to ensure that cash dividends will not be less than 20% of the distributable profits in the future[138]. - The company is committed to maintaining sufficient cash reserves for dividend distribution while considering stock dividends and capital reserve transfers[138]. - The company will initiate stabilization measures if the stock price falls below the net asset value per share after the IPO[139]. Business Operations and Market Position - The company's main business is in the construction service industry, benefiting from the rapid development of the national economy and fixed asset investment[8]. - The company faces risks from industry fluctuations, particularly due to the slowdown in domestic economic growth and ongoing macro-control of the real estate market[8]. - The company's revenue is concentrated in Jiangsu province, posing risks if market expansion outside this region is unsuccessful[9]. - Increased competition in the construction service industry is expected as market size grows, leading to greater competitive pressure[10]. - The construction service industry is highly correlated with macroeconomic conditions and real estate policies, making it vulnerable to policy risks[12]. - The company has a rising trend in accounts receivable, with a significant portion of long-aged receivables, which may pose a risk of bad debts[11]. - 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[35]. - The company’s engineering testing services are primarily conducted by its wholly-owned subsidiaries, which hold various certifications, including CMA and CNAS[37]. - The company has a strong focus on energy-saving building practices, with its energy monitoring center recognized as a "Jiangsu Province Building Energy Efficiency Leading Enterprise" and "China Building Energy Efficiency Star"[42]. - The company has completed numerous engineering consulting projects, earning several provincial and municipal awards for excellence in engineering consulting[42]. - The company’s structural reinforcement business has completed over a thousand projects, integrating various services from structural assessment to construction[39]. - The company emphasizes ecological and energy-efficient design in its engineering design services, aligning with the rise of green buildings and eco-cities[40]. - The company’s training school has been instrumental in cultivating talent for the construction industry, serving as a certification base for quality testing personnel in Jiangsu Province[42]. - The company operates in the engineering technology service industry, providing comprehensive services from investment decision-making to post-operation maintenance, which is crucial for improving project investment efficiency and ensuring quality safety[49]. - The engineering testing industry has seen increasing demand due to urbanization and real estate market growth, with a fixed income source from mandatory quality testing requirements for construction projects[49][50]. - The company has established a scientific procurement system to ensure stable production operations, maintaining stable supplier relationships and negotiating prices during significant market fluctuations[46]. - The company’s new building materials include waterproof membranes, waterproof coatings, concrete additives, and insulation materials, with production guided by market demand and strict adherence to ISO9001 quality management standards[48]. - The company utilizes a flexible sales model for new building materials, including direct sales and a buyout distribution model, supported by extensive marketing efforts such as training sessions and industry exhibitions[45]. - The engineering technology service business is characterized by a bidding process and direct client commissions, with no legal disputes or administrative penalties reported[44]. - The company has a robust project implementation process, with project managers overseeing execution and making necessary adjustments based on client feedback[45]. - The engineering testing industry in China has over 20 years of development history, evolving from internal testing labs to independent third-party service providers, which are now the mainstream in the market[50]. - The company employs labor procurement strategies for on-site construction, ensuring project quality through qualified labor dispatch and subcontracting agreements[48]. - The company’s procurement of construction materials is stable and sufficient, focusing on essential raw materials like asphalt and resin, with a comprehensive control process for supplier selection and price negotiation[46]. - The company has maintained an "A-level" credit rating for construction quality testing institutions for several consecutive years, indicating strong overall strength[52]. - The company has completed over 1,000 structural reinforcement projects, showcasing its competitive edge in the market[55]. - The company’s cash and cash equivalents increased by 119.81% from the beginning of the year to 199,385,683.66, primarily due to public share issuance[60]. - Accounts receivable rose by 34.18% to 202,520,020.49, attributed to increased business volume[60]. - Prepayments increased by 125.09% to 15,917,001.53, driven by infrastructure prepayments and rental prepayments for testing station facilities[60]. - The company holds a first-level qualification for waterproofing, corrosion prevention, and insulation engineering, allowing it to undertake various construction projects[54]. - The structural reinforcement industry is expected to grow significantly due to the increasing age of buildings in China, leading to a higher demand for reinforcement projects[53]. - The engineering design sector has seen an average annual revenue growth of 26.3% during the "Eleventh Five-Year Plan" period, indicating a robust market[56]. - The company has expanded its design services beyond Jiangsu to Zhejiang, enhancing its competitive capabilities[57]. - The engineering supervision industry is experiencing increased demand for comprehensive service capabilities, which will benefit companies that can provide full-cycle management[59]. - The company aims for continuous growth in its main business scale, focusing on customer satisfaction and product quality as core objectives[106]. - The strategic market expansion plan includes a nationwide layout with a focus on 12 key cities: Shanghai, Hangzhou, Beijing, Tianjin, Guangzhou, Shenzhen, Hefei, Wuhan, Zhengzhou, Xi'an, Chengdu, and deepening the market in Suzhou and Jiangsu[109]. - The company plans to enhance its high-end building materials segment by developing innovative products such as waterproof coatings and prefabricated components, emphasizing green, energy-saving, and low-carbon solutions[109]. - The company has established itself as a leading monitoring enterprise with various qualifications, including Class A qualifications in housing construction and municipal public works[105]. - The company is committed to technological innovation, focusing on areas such as sponge cities, prefabricated buildings, and smart technologies, aiming to develop new core products[108]. - The company intends to optimize its integrated service model, enhancing technical service capabilities in areas like EPC and full-process consulting[110]. - The company is focused on improving its marketing effectiveness by restructuring its marketing organization and increasing direct sales in key regions[110]. - The company emphasizes the importance of talent development, aiming to build a strong team through training and recruitment initiatives[112]. - The company is establishing a research and development alliance to enhance its technological capabilities and innovation[111]. - The company acknowledges potential risks, including industry volatility, and encourages investors to remain vigilant[113]. - The company's main business is in the construction services industry, with strong regional competitive advantages established in construction engineering testing, specialized construction, design supervision, and green building materials[114]. - The company faces risks from concentrated revenue distribution primarily in Jiangsu province, which may impact revenue and profitability if market expansion outside Jiangsu is unsuccessful[114]. - The company is experiencing an upward trend in accounts receivable due to increased sales revenue, with a significant portion of accounts receivable aging over three years, posing a risk of bad debts[115]. - The construction services industry is highly cyclical and sensitive to macroeconomic conditions and real estate policies, which could adversely affect the company's performance if further regulatory measures are implemented[116]. Innovation and R&D - The company holds a total of 90 patents, including 37 invention patents, reflecting its commitment to innovation[64]. - Research and development expenses for the year were CNY 18.90 million, a slight decrease of 1.76% from the previous year[73]. - The company completed over 200 energy consumption monitoring projects and over 750 energy efficiency evaluation projects, showcasing its industry advantage in energy services[62]. - The company established new subsidiaries for environmental testing and cleanroom services, enhancing its competitive capabilities[69]. - The company is dedicated to research and innovation in the construction sector, aiming to contribute to economic development[162]. - The company has a vision of being a leader in building technology, focusing on creating a better future through its mission[162]. Shareholder and Equity Management - The company issued 22 million A-shares at a price of RMB 13.56 per share, raising a total of RMB 298.32 million, with a net amount of RMB 259.92 million after deducting issuance costs[170]. - The total share capital increased from 66 million shares to 88 million shares following the issuance[170]. - The dilution effect on basic earnings per share and net assets per share due to the increase in share capital was acknowledged[171]. - The company has a total of 6.6 million shares with limited sale conditions, accounting for 75% of the total shares[169]. - The company has not faced any penalties from environmental protection authorities, emphasizing its commitment to green and energy-efficient construction[165]. - The company has maintained a focus on environmental issues and aims to contribute to environmental protection in the future[165]. - The company has a consistent policy of imposing lock-up periods ranging from 12 to 36 months for shareholders post-IPO[177]. - The company maintains a structured approach to managing shareholder equity and compliance with IPO regulations[187]. - The release of these shares may impact the stock price and market perception of the company[185]. - The company continues to adhere to regulatory requirements regarding share transfers and lock-up periods[187].

Financial Performance - Operating revenue for the first nine months was CNY 288,470,023.14, a 5.28% increase year-on-year[6] - Net profit attributable to shareholders decreased by 7.36% to CNY 33,381,772.39 compared to the same period last year[6] - Basic earnings per share decreased by 7.27% to CNY 0.51[7] - The company reported an operating profit of CNY 6,329,348.76 for the third quarter, down from CNY 11,873,170.83 in the previous year, a decline of approximately 46.8%[25] - Net profit for the period was CNY 7,870,135.72, compared to CNY 11,581,606.67 in the same period last year, reflecting a decrease of approximately 32.5%[25] - Operating costs for the first nine months were CNY 251,078,968.58, up from CNY 232,128,297.28, indicating an increase of about 8.2%[24] - Total operating costs for Q3 2017 were CNY 3,107,343.41, an increase of 78.1% from CNY 1,740,197.53 in Q3 2016[28] - The company’s long-term equity investments remained stable at CNY 144,566,350.00, unchanged from the beginning of the year[22] Cash Flow - Net cash flow from operating activities showed a negative value of CNY -39,013,667.75, worsening by 144.94% compared to the previous year[6] - The net cash flow from operating activities decreased by 144.94% compared to the same period last year, primarily due to increased cash outflows for employee payments[14] - The net cash flow from financing activities increased by 1347.56% year-on-year, mainly due to funds raised from the IPO[15] - The net cash flow from operating activities was -63,407,745.20 RMB, compared to 56,325,076.54 RMB in the previous year, indicating a significant decline in operational performance[34] - The company reported a total cash inflow from operating activities of 21,661,625.35 RMB, significantly lower than the previous year's 82,553,405.98 RMB[34] - The cash outflow for operating activities was 85,069,370.55 RMB, compared to 26,228,329.44 RMB in the same period last year, reflecting increased operational costs[34] Assets and Liabilities - Total assets increased by 51.07% to CNY 771,879,951.37 compared to the end of the previous year[6] - The total number of shareholders reached 23,724 by the end of the reporting period[11] - The total liabilities decreased to RMB 159,829,082.63 from RMB 182,303,327.14 at the beginning of the year[20] - Current assets rose significantly to CNY 364,660,198.93, up from CNY 128,362,924.01, marking an increase of about 184.8%[22] - The company's equity increased to CNY 418,034,775.23 from CNY 171,905,247.65, showing a growth of approximately 143.5%[24] - Cash and cash equivalents increased by 212.80% from the beginning of the year, primarily due to the funds raised from the initial public offering of A-shares[14] - Accounts receivable increased by 37.69% from the beginning of the year, attributed to seasonal settlements and increased business volume[14] - Fixed assets grew by 33.97% from the beginning of the year, due to the commissioning of certain assets in the green building materials production base[14] Shareholder Information - The top shareholder, Wu Xiaoxiang, holds 9.13% of the shares, totaling 8,038,257 shares[11] - The total cash and cash equivalents at the end of the period reached 276,028,667.50 RMB, up from 80,627,255.45 RMB at the beginning of the period[35] Government Support - The company received government subsidies amounting to CNY 3,098,000.00 during the reporting period[9] Investment Activities - The net cash flow from investing activities decreased by 71.46% year-on-year, mainly due to a reduction in bank wealth management activities[14] - The total cash inflow from investment activities was 78,398,413.08 RMB, while cash outflow was 97,279,993.37 RMB, leading to a negative cash flow from investments[32] - The company raised 271,904,905.66 RMB from investment activities, with a net cash flow from financing activities of 249,978,316.15 RMB, a substantial increase compared to the previous year's -14,777.76 RMB[34]