Financial Performance - The company's operating revenue for Q1 2022 was CNY 375,110,281.50, a decrease of 47.10% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2022 was CNY 30,314,312.32, down 61.13% year-on-year[4]. - The basic earnings per share for Q1 2022 was CNY 0.10, reflecting a decline of 60.00% compared to the previous year[4]. - Total revenue for Q1 2022 was CNY 375,110,281.50, a decrease of 47.6% compared to CNY 709,137,357.53 in Q1 2021[15]. - The company reported a net profit margin of approximately 6.9% for Q1 2022, compared to 8.5% in Q1 2021[15]. - The company reported a total profit of CNY 39,733,233.78 for Q1 2022, down from CNY 92,249,114.19 in Q1 2021, a decline of approximately 56.9%[16]. - The company’s total comprehensive income for Q1 2022 was CNY 32,676,651.51, significantly lower than CNY 77,956,336.12 in Q1 2021, a decrease of about 58.1%[16]. Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 7,118,216,016.29, a decrease of 6.79% from the end of the previous year[4]. - Total assets as of Q1 2022 were CNY 7,118,216,016.29, down from CNY 7,636,439,119.77, a decrease of 6.8%[14]. - Total liabilities decreased to CNY 3,721,753,507.70 from CNY 4,272,653,262.69, a reduction of 12.9%[13]. - The company’s total equity attributable to shareholders was CNY 3,334,502,573.78, showing a slight increase of 0.93% compared to the previous year[5]. - The total equity attributable to shareholders increased to CNY 3,334,502,573.78 from CNY 3,303,691,837.61, an increase of 0.9%[14]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 245,255,486.44, indicating a significant cash outflow[4]. - Cash flow from operating activities for Q1 2022 was negative CNY 245,255,486.44, slightly improved from negative CNY 257,204,986.16 in Q1 2021[17]. - Investment activities generated a net cash flow of CNY 6,406,011.44 in Q1 2022, compared to a negative cash flow of CNY 1,472,655.13 in Q1 2021[18]. - Cash and cash equivalents at the end of Q1 2022 were CNY 784,954,581.08, a decrease from CNY 721,102,174.33 at the end of Q1 2021[18]. Contracts and Revenue Sources - The company secured new contracts worth CNY 73,800,000 in Q1 2022, with engineering consulting accounting for 92.38% of the total[10]. - The majority of new contracts were in the highway industry, representing 77.72% of the total new contracts[10]. - Total revenue from operating activities in Q1 2022 was CNY 597,258,028.22, down from CNY 759,537,278.08 in Q1 2021, a decrease of approximately 21.3%[17]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 349,227,197.62, down 44.1% from CNY 625,066,145.60 in Q1 2021[15]. - R&D expenses for Q1 2022 were CNY 14,278,639.39, down 25.8% from CNY 19,260,084.09 in Q1 2021[15]. - Gross profit margin for Q1 2022 was approximately 6.7%, compared to 10.5% in Q1 2021[15]. Other Financial Metrics - The weighted average return on equity decreased by 1.63 percentage points to 0.91%[4]. - Interest income for Q1 2022 was CNY 2,386,875.65, an increase from CNY 2,077,345.01 in Q1 2021, representing a growth of approximately 14.93%[16]. - The company incurred credit impairment losses of CNY -2,112,797.97 in Q1 2022, an improvement from CNY -5,282,764.57 in Q1 2021[16]. - Accounts receivable decreased to CNY 2,073,306,190.39 from CNY 2,185,829,748.55, a decline of 5.1%[12]. - Cash and cash equivalents increased to CNY 29,508,841.19 from CNY 47,202,247.80, a decrease of 37.4%[12].

Financial Performance - The company's operating revenue for 2021 was approximately ¥3.04 billion, an increase of 8.63% compared to ¥2.80 billion in 2020[22]. - The net profit attributable to shareholders decreased by 33.21% to approximately ¥343 million from ¥514 million in 2020[22]. - The basic earnings per share for 2021 was ¥1.10, down 33.73% from ¥1.66 in 2020[23]. - The weighted average return on equity decreased by 7.39 percentage points to 10.85% in 2021 from 18.24% in 2020[23]. - The net cash flow from operating activities was approximately ¥139.88 million, a decline of 44.13% compared to ¥250.39 million in 2020[22]. - The total assets at the end of 2021 were approximately ¥7.64 billion, an increase of 10.33% from ¥6.92 billion at the end of 2020[22]. - The total operating revenue for the year was RMB 3.039 billion, reflecting a year-on-year growth of 8.63%[69]. - The operating cost increased to RMB 1.926 billion, which is a year-on-year rise of 18.50%[73]. - The net profit attributable to shareholders decreased by 33.21% to RMB 343 million[73]. - The cash flow from operating activities showed a net decrease of 44.13%, amounting to RMB 139 million[73]. Governance and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[5]. - The company operates under the supervision of the China Securities Regulatory Commission[12]. - The company adheres to legal regulations and maintains a transparent governance structure, ensuring accurate and timely information disclosure[114]. - The board of directors and supervisory board operate in compliance with legal requirements, ensuring the protection of shareholder interests[115]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[130]. - The company has established a comprehensive quality control system, but any quality issues could lead to increased costs due to disputes or claims[112]. - The company has implemented measures to control credit risk, but faces potential cash flow impacts due to delayed payments from government clients[109]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[7]. - The company has detailed potential risks in its report, urging investors to review the relevant sections[8]. - The company faces risks related to macroeconomic fluctuations and changes in infrastructure investment scales, which could significantly impact its business[103]. - The company is at risk of losing key technical personnel, which could adversely affect its operational stability and development[109]. Strategic Initiatives - The company aims to provide comprehensive solutions for transportation and urban infrastructure construction, with a vision to become an internationally renowned and domestically leading engineering technology service provider[33]. - The company plans to enhance its competitiveness and brand strength through a development strategy focused on high-quality sustainable growth[33]. - The company is committed to integrating digital, intelligent, and green technologies into its operations to align with national development strategies[47]. - The company aims for high-quality sustainable development, focusing on two core areas: comprehensive transportation and urban-rural construction, while expanding into five new growth areas[61]. - The company is focused on improving production management efficiency through eight key measures, including platform organization and market operation[100]. Shareholder Engagement - The company emphasizes communication with investors, particularly small shareholders, to gather feedback and ensure their rights are upheld[116]. - The company held three shareholder meetings during the reporting period, all proposals were approved[118]. - The company ensures that minority shareholders have ample opportunities to express their opinions and that their rights are protected during dividend distribution discussions[151]. Research and Development - The company applied for 100 patents and software copyrights during the reporting period, with 91 granted, including 26 invention patents and 62 utility model patents[37]. - The company has a strong focus on research and development, with several projects recognized for their innovative approaches to road construction and safety[121]. - Research and development expenses were reduced by 37.82% to RMB 61 million, primarily due to decreased investment in R&D[73]. - The company has received multiple awards for its research and development in road engineering and materials, including first prizes from the Guizhou Provincial Highway Society[124]. Market Expansion - The company successfully bid for a public-private partnership project in Guangdong, laying the foundation for market expansion in the Greater Bay Area[43]. - The company has established 10 subsidiaries outside of Guizhou province and is actively expanding overseas in response to the "Belt and Road" initiative[105]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[123]. Employee and Talent Management - By the end of 2021, the company had 3,009 employees, with 67% holding a bachelor's degree or higher, and received multiple awards for talent recognition[39]. - The company has a strong talent pool with 3,009 employees, including 1,259 registered professionals and numerous experts in various fields[68]. - The company emphasizes employee training, implementing an annual training plan based on departmental needs and strategic development[144]. Environmental Responsibility - The company has maintained a 100% compliance rate for wastewater and waste gas discharge standards, with no environmental pollution incidents reported[160]. - The company has implemented a paperless office initiative and conducted various resource-saving activities, leading to a year-on-year decrease in comprehensive energy consumption per 10,000 yuan of total output value[162]. - The company has actively participated in poverty alleviation and rural revitalization efforts, including donations and support for local communities[163]. Share Capital and Dividends - The company plans to distribute a cash dividend of 3.30 CNY per 10 shares, totaling 103,555,368.51 CNY, which accounts for 30.19% of the net profit attributable to the parent company for the year[6]. - The company has a cash dividend policy that mandates a minimum cash distribution of 20% of the distributable profit if there are no significant capital expenditures[147]. - The company prioritizes cash dividends over stock dividends when conditions for cash distribution are met[148]. Corporate Social Responsibility - The company donated 1 million yuan to the Guizhou Youth Development Foundation to support the construction of the Guizhou Hope Experimental School project[163]. - The company has established a Rural Revitalization Research Institute in April 2021 to leverage its expertise in transportation and urban construction for rural development in Guizhou[164].

Financial Performance - The company's operating revenue for 2021 was approximately ¥3.04 billion, representing an increase of 8.63% compared to ¥2.80 billion in 2020[22]. - The net profit attributable to shareholders decreased by 33.21% to approximately ¥343 million in 2021 from ¥514 million in 2020[22]. - The basic earnings per share for 2021 was ¥1.10, down 33.73% from ¥1.66 in 2020[23]. - The weighted average return on equity decreased by 7.39 percentage points to 10.85% in 2021 from 18.24% in 2020[23]. - The net cash flow from operating activities was approximately ¥140 million, a decline of 44.13% compared to ¥250 million in 2020[22]. - The total assets at the end of 2021 were approximately ¥7.64 billion, an increase of 10.33% from ¥6.92 billion at the end of 2020[22]. - The total operating revenue for the year was RMB 3.039 billion, an increase of 8.63% compared to the previous year[69]. - The operating cost increased to RMB 1.926 billion, reflecting a year-on-year growth of 18.50%[73]. - The net profit attributable to shareholders decreased by 33.21% to RMB 343 million due to a decline in gross margins and increased credit impairment losses[73]. - The group achieved a new contract value of RMB 4.057 billion, representing a year-on-year growth of 40.35%[69]. Dividend Policy - The company plans to distribute a cash dividend of 3.30 RMB per 10 shares, totaling 103,555,368.51 RMB, which accounts for 30.19% of the net profit attributable to the parent company for the year[6]. - The company has a cash dividend policy that mandates a minimum cash distribution of 20% of the distributable profit if there are no significant capital expenditures[147]. - The company prioritizes cash dividends over stock dividends when conditions for cash distribution are met[148]. - The company ensures that minority shareholders have ample opportunities to express their opinions and that their rights are protected during the dividend distribution process[151]. Governance and Compliance - The company received a standard unqualified audit report from Dahua Certified Public Accountants[5]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company adheres to legal regulations and maintains a transparent governance structure, ensuring accurate and timely information disclosure[114]. - The board of directors and supervisory board operate in compliance with legal requirements, safeguarding shareholder interests[115]. - The company has established a comprehensive quality control system, but any quality issues could negatively impact market reputation and incur additional costs[112]. - The company has established a robust governance structure with independent directors to ensure compliance and strategic oversight[122]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[7]. - The company has detailed potential risks in its report, urging investors to review the discussions and analyses regarding future developments[8]. - The company faces risks related to macroeconomic fluctuations and changes in infrastructure investment scales, which could significantly impact its business[103]. - The company is experiencing increased competition in the engineering consulting sector, which may lead to a decline in profitability[103]. - The company is exposed to risks from delayed payments by clients, which could adversely affect cash flow and financial performance[109]. Strategic Development - The company aims to provide comprehensive solutions for transportation and urban infrastructure construction, with a vision to become an internationally renowned and domestically leading engineering technology service provider[33]. - The company plans to enhance its competitiveness and brand strength through a development strategy focused on high-quality sustainable growth[33]. - The company is actively promoting the integration of IoT and big data technologies, focusing on smart cities, smart highways, and green economy solutions to create new business growth points[47]. - The company aims to enhance its competitiveness and brand power through its "14th Five-Year" strategic plan, focusing on sustainable development and expanding into five new growth areas[61]. - The company is committed to improving public service levels and increasing urban residents' income as part of its broader development strategy[96]. Research and Development - The company applied for 100 patents and software copyrights during the reporting period, with 91 granted, including 3 invention patents and 77 utility model patents[37]. - The total R&D investment amounted to ¥61,379,873.98, representing 2.02% of the operating revenue[82]. - Research and development expenses were reduced by 37.82% to RMB 61.38 million, primarily due to decreased investment in R&D[73]. - The management highlighted a focus on sustainability, with plans to implement eco-friendly practices in 50% of new projects by 2023[121]. Market Expansion - The company formed a joint venture with China Gezhouba Group to successfully bid for a highway concession project in Guangdong, enhancing its market presence in the Greater Bay Area[43]. - The company has established 10 subsidiaries outside of Guizhou province and is actively expanding overseas in response to the "Belt and Road" initiative[105]. - The company is expanding its market presence, targeting three new provinces for infrastructure projects, which could increase market share by 10%[121]. - The company is accelerating its entry into high-end markets in comprehensive transportation, including railways, civil aviation, ports, and waterways[101]. Employee and Talent Management - By the end of 2021, the company had 3009 employees, with 67% holding a bachelor's degree or higher, and received multiple awards for talent recognition[39]. - The company has a strong talent pool with 1,259 registered professionals, including 6 experts with special government allowances[68]. - The company emphasizes employee training, implementing an annual training plan based on departmental needs and strategic development[144]. - The total number of employees in the parent company is 1,308, and the total number of employees in major subsidiaries is 1,701, resulting in a combined total of 3,009 employees[142]. Environmental Responsibility - The company has maintained a 100% compliance rate for wastewater and waste gas discharge standards, with no environmental pollution incidents reported[160]. - The company has committed to sustainable development by advocating for green practices and implementing environmental management systems certified by ISO standards[161]. - The company has implemented a paperless office initiative and promoted resource-saving activities, resulting in a year-on-year decrease in comprehensive energy consumption per unit of output[162]. Shareholder Relations - The company held three shareholder meetings during the reporting period, all proposals were approved[118]. - Chairman Zhang Lin increased his shareholding from 22,278,250 to 28,961,725 shares, a change of 6,683,475 shares due to capital reserve conversion[120]. - The total pre-tax remuneration for directors and senior management amounted to 1,598.46 million yuan[120]. - The company is focusing on capital reserve conversion to increase share capital, as evidenced by the shareholding changes among executives[120].

2021 年第三季度报告 证券代码：603458 证券简称：勘设股份 贵州省交通规划勘察设计研究院股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 期增减变 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | | 增减变动幅度 | | | | 动幅度 | | (%) | | | | (%) | | | | 营业收入 | 694,730,978.57 | 6.21 | 2,199,632,868.82 | 35.03 | | 归属于上市公司股东的净利润 | 137,059,931.04 | -0.17 | 289,921,059.93 | 1.16 | | 归属于上市公司股东的扣除非 | 131,795,115.17 | -0.49 | 269,347,628.72 | 7.48 | | ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a year-on-year growth of X% compared to the same period last year[19]. - The company's operating revenue for the first half of 2021 was approximately CNY 1.50 billion, representing a 54.37% increase compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was A million RMB, representing an increase of B% year-on-year[19]. - The net profit attributable to shareholders was approximately CNY 152.86 million, a slight increase of 2.38% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 137.55 million, reflecting a 16.46% increase compared to the previous year[21]. - The company reported a total revenue of 1.5 billion, representing a year-over-year growth of 15%[84]. - The net profit attributable to the parent company for the first half of 2021 was CNY 734,355,805.87, representing a growth of approximately 38.5% year-over-year[135]. Assets and Liabilities - The total assets of the company reached Y million RMB, reflecting a growth of Z% from the previous year[19]. - The total assets at the end of the reporting period were approximately CNY 7.55 billion, an increase of 9.03% from the end of the previous year[21]. - Cash and cash equivalents at the end of the period amounted to ¥932,104,921.11, representing 12.35% of total assets, an increase of 14.00% compared to the previous year[50]. - Accounts receivable increased to ¥2,034,333,079.49, accounting for 26.96% of total assets, reflecting a growth of 29.65% due to increased operating revenue[50]. - Total liabilities rose to RMB 4,452,027,023.50, compared to RMB 3,862,820,785.53, reflecting an increase of approximately 15.3%[113]. - The company's total liabilities increased to ¥3,542,953,966.10, an increase of 10.7% from ¥3,200,915,931.68[117]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of D% for the next fiscal year, driven by new project acquisitions and market expansion strategies[19]. - Market expansion efforts include entering F new regions, aiming to increase market share by G% in the next year[19]. - The company is actively developing new business areas, focusing on integrating IoT and big data technologies to enhance safety and efficiency in the industry[38]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million allocated for potential deals[84]. - The management committed to improving operational efficiency, targeting a 10% reduction in costs over the next year[84]. Research and Development - The company is investing in R&D for new technologies, with an allocation of E million RMB for innovation initiatives in 2021[19]. - The company reported a significant increase in R&D expenses, which rose by 22.53% to CNY 38.7 million, reflecting its commitment to innovation[47]. - Research and development expenses for the first half of 2021 were ¥38,702,398.07, compared to ¥31,585,763.93 in the same period last year, marking a growth of 22.5%[119]. Risk Management - The management highlighted the importance of risk management in their future strategies, particularly in light of potential market fluctuations[19]. - The company faces risks related to macroeconomic fluctuations and infrastructure investment scale adjustments, which could adversely affect business operations[59]. - The company has implemented measures to control credit risk, but faces potential cash flow issues due to delayed payments from government clients, which can extend collection periods significantly[64]. Corporate Governance and Shareholder Commitments - The company has established a strong talent retention mechanism, but risks exist regarding the potential loss of key technical and management personnel[64]. - The company has committed to ensuring that no more than 20% of shares held by directors and senior management can be transferred annually after the lock-up period[81]. - The company guarantees that any competitive activities will cease if they conflict with the company's business expansion plans[81]. - The company has committed to not engaging in any related party transactions that could harm the interests of other shareholders[82]. Environmental and Social Responsibility - The company has implemented various environmental management systems, achieving a 100% compliance rate for wastewater and waste gas emissions[75]. - The company has adopted measures to reduce carbon emissions, including promoting paperless offices and resource-saving initiatives[76]. - The company donated 100,000 yuan to support rural revitalization efforts in Zhaizhong Village, Na Yong County[77]. - The company established a Rural Revitalization Research Institute in April 2021 to promote sustainable development in Guizhou Province[77]. Legal and Compliance - There were no significant lawsuits or arbitration matters during the reporting period[87]. - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[87]. - The company has not faced any penalties or corrective actions related to legal violations during the reporting period[87]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the actual transactions and events in accordance with the accounting standards issued by the Ministry of Finance[148]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts[149]. - The accounting policies and estimates comply with the requirements of the accounting standards, reflecting the financial position and operating results accurately[150].

Financial Performance - Total revenue for Q1 2021 reached RMB 709,137,357.53, representing a 68.33% increase compared to RMB 421,284,652.25 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was RMB 77,992,994.80, up 19.64% from RMB 65,187,830.73 year-on-year[8] - The basic earnings per share for Q1 2021 was RMB 0.33, reflecting a 17.86% increase from RMB 0.28 in the same period last year[8] - The weighted average return on equity increased by 0.09 percentage points to 2.54% from 2.45% year-on-year[8] - Operating profit for Q1 2021 was ¥92,274,203.98, compared to ¥81,699,829.99 in Q1 2020, reflecting a growth of 11.3%[25] - Net profit for Q1 2021 after tax was ¥77,566,024.77, an increase from ¥65,612,070.52 in Q1 2020[25] - The company reported a comprehensive income total of CNY 77,956,336.12 for Q1 2021, compared to CNY 65,868,875.60 in Q1 2020, reflecting a growth of 18.5%[27] - The company's net profit for Q1 2021 was CNY 77,566,024.77, an increase of 18.2% compared to CNY 65,612,070.52 in Q1 2020[27] Cash Flow and Liquidity - The net cash flow from operating activities for the period was RMB -257,204,986.16, compared to RMB -86,275,971.71 in the previous year, indicating a significant decline[8] - The company's cash and cash equivalents decreased to ¥748,037,968.39 from ¥817,616,973.22, indicating a reduction in liquidity[18] - The net cash flow from operating activities for Q1 2021 was ¥25,773,255.20, a significant improvement compared to a net outflow of ¥80,499,160.43 in Q1 2020[35] - Total cash inflow from operating activities reached ¥667,964,323.58, up from ¥298,748,156.87 in the same period last year, indicating a growth of approximately 123%[35] - Cash outflow for operating activities was ¥642,191,068.38, compared to ¥379,247,317.30 in Q1 2020, reflecting an increase of about 69%[35] - The ending balance of cash and cash equivalents was ¥478,399,936.18, slightly down from ¥484,148,220.69 at the end of Q1 2020[36] Assets and Liabilities - The total assets at the end of the reporting period were RMB 7,048,175,876.34, an increase of 1.83% from RMB 6,921,218,929.21 at the end of the previous year[8] - The total assets of the company increased to ¥7,048,175,876.34, compared to ¥6,921,218,929.21 in the previous year[19] - Total liabilities as of March 31, 2021, were ¥3,197,410,730.45, a decrease from ¥3,200,915,931.68 at the end of 2020[23] - Current liabilities totaled ¥3,285,985,715.64, reflecting a minor increase of ¥63,187.41 from the prior period[40] - Non-current liabilities were reported at ¥576,835,069.89, showing a decrease of ¥2,821,123.44 compared to the last reporting period[40] - The company's equity attributable to shareholders rose to ¥2,736,583,251.35 from ¥2,718,954,342.33, a slight increase of 0.7%[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,379[12] - The top ten shareholders held a total of 56,000,000 shares, with the largest shareholder holding 22,278,250 shares, accounting for 9.23% of the total shares[12] Operating Costs and Expenses - Operating costs rose to ¥510,541,858.39, reflecting a 101.42% increase from ¥253,474,407.36, primarily due to business growth[14] - Total operating costs for Q1 2021 were ¥625,066,145.60, up 81.7% from ¥343,959,377.12 in Q1 2020[25] - Research and development expenses rose to CNY 16,870,676.20, representing a 47.5% increase from CNY 11,470,905.04 in the previous year[29] - The financial expenses for Q1 2021 were CNY 21,612,326.27, compared to CNY 18,434,142.47 in Q1 2020, reflecting an increase of 11.8%[29] Government Subsidies - The company received government subsidies amounting to RMB 5,334,427.69, which are closely related to its normal business operations[8] Contracts and New Business - New contracts signed in Q1 2021 totaled ¥126,822,000, with engineering consulting accounting for 64.64% and engineering contracting 35.36%[15]

Financial Performance - The company's operating revenue for 2020 was CNY 2,797,839,345.42, representing a 9.15% increase compared to CNY 2,563,308,389.26 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 513,587,335.27, a 19.34% increase from CNY 430,363,528.08 in 2019[21]. - The basic earnings per share for 2020 was CNY 2.16, up 18.03% from CNY 1.83 in 2019[22]. - The total assets at the end of 2020 were CNY 6,921,218,929.21, reflecting a 16.27% increase from CNY 5,952,625,075.96 at the end of 2019[21]. - The company generated a net cash flow from operating activities of CNY 250,390,852.34 in 2020, a significant recovery from a negative cash flow of CNY -308,532,922.62 in 2019[21]. - The company reported a weighted average return on equity of 18.24% for 2020, an increase of 0.59 percentage points from 17.65% in 2019[23]. - The company achieved a new contract amount of CNY 2.89 billion in 2020, with a revenue of CNY 2.80 billion, representing a year-on-year growth of 9.15%[68]. - Net profit for the year reached CNY 514 million, reflecting a year-on-year increase of 19.34%[68]. - The net cash flow from operating activities was CNY 250.39 million, up 181.16% compared to the previous year[72]. Dividend Policy - The company plans to distribute cash dividends of RMB 6.40 per 10 shares, totaling RMB 154,520,227.20, which accounts for 30.09% of the net profit attributable to the parent company for the year[5]. - The company prioritizes a stable cash dividend policy, aiming to distribute at least 20% of distributable profits as cash dividends if conditions are met[115]. - The company may opt for stock dividends if cash dividend conditions are not satisfied, considering growth potential and dilution factors[115]. - The company plans to maintain a minimum cash dividend ratio of 80% for profit distribution during its mature development stage without significant capital expenditure[118]. - The company has not adjusted its cash dividend policy during the reporting period[118]. - The company’s cash dividend policy can be adjusted if external operating conditions or internal business challenges lead to a negative audited net profit[118]. - The company’s profit distribution policy requires a two-thirds majority approval from shareholders present at the meeting for any adjustments[117]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits during the reporting period[120]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company has detailed potential risks in its report, urging stakeholders to review the discussions and analyses regarding future developments[7]. - The company is facing risks from macroeconomic fluctuations and infrastructure investment scale adjustments[105]. - The company is encountering increased competition in the engineering consulting sector due to market reforms and new entrants[106]. - The company faces risks related to project construction delays and difficulties in accounts receivable recovery, which may extend the time to generate revenue and increase funding costs[109]. - The company has implemented credit assessment and project receivable management measures to control credit risk, but delays in customer payments could adversely affect cash flow[110]. - The company has a dispersed shareholding structure with the largest shareholder holding only 9.23%, which poses risks of control changes affecting normal operations[110]. - The company has a comprehensive quality control system, but risks remain regarding potential quality issues that could harm market reputation[112]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company has ensured that all board members attended the board meeting to discuss the annual report[4]. - The company has established a robust internal control system, with an external audit confirming its effectiveness and issuing an unqualified opinion[199]. - The company strictly adheres to corporate governance regulations, ensuring transparency and fairness in its operations and information disclosure[194]. - The company actively engages with investors, ensuring that minority shareholders have equal rights and opportunities to participate in corporate governance[196]. Research and Development - The company is actively involved in research and development in engineering technology services, enhancing its competitive edge in the market[30]. - The company’s R&D expenses increased by 17.13% year-on-year, amounting to CNY 98.71 million, indicating a commitment to innovation and technology development[71]. - The total number of R&D personnel was 621, accounting for 12.95% of the company's total workforce[82]. - The company completed 108 patent and software copyright applications, with 62 granted, and received 49 scientific and design awards from provincial and higher-level associations[45]. - The company has developed an integrated information platform covering nine major areas, enhancing its operational efficiency and management capabilities[51]. Market Expansion and Strategy - The company plans to continue expanding its engineering consulting and contracting services in the transportation sector, focusing on highways, municipal projects, and water transport[30]. - The company aims to develop into an internationally renowned, domestically leading integrated service provider in the infrastructure construction sector[39]. - The company has established a presence in multiple provinces and overseas markets, including subsidiaries in Zambia and Kenya, in response to the "Belt and Road" initiative[40]. - The company plans to explore new opportunities in the fields of charging and battery swapping, mobile charging, and smart parking through its investment in Guizhou Jiunengxing Energy Technology Co., Ltd.[64]. - The company is focusing on capital operation capabilities to achieve capitalized development and enhance international competitiveness[102]. Social Responsibility - The company donated 50,000 yuan to support poverty alleviation efforts in Maojing Town, Luodian County[153]. - The company organized donations totaling 69,168 yuan for COVID-19 prevention and donated 80,000 yuan to the Red Cross Society in Yichang, Hubei[155]. - The company is committed to continuing its poverty alleviation efforts in 2021, focusing on education and industry support[154]. - The company actively participates in social responsibility initiatives, including donations of protective equipment during the pandemic[155]. - The company is enhancing communication with poverty alleviation units to improve infrastructure in impoverished areas[154]. Shareholder Information - The total number of ordinary shares increased from 185,890,627 to 241,437,855 shares due to a capital reserve conversion plan[162]. - The largest shareholder, Zhang Lin, holds 22,278,250 shares, representing 9.23% of the total shares, with 16,395,730 shares pledged[172]. - The company has a total of 43,870,360 shares held by directors and senior management at the end of the reporting period, an increase of 10,123,930 shares from the beginning of the period[181]. - The total remuneration for directors and senior management during the reporting period amounted to 1,672.59 million yuan[181]. - The company has no preferred shareholders with restored voting rights as of the end of the reporting period[170].

Financial Performance - Net profit attributable to shareholders rose by 18.31% to CNY 286,603,535.05 year-on-year[6] - Operating revenue for the first nine months was CNY 1,628,991,421.94, a slight increase of 0.57% compared to the same period last year[6] - Total revenue for Q3 2020 was approximately ¥654.1 million, a decrease of 9.2% compared to ¥720.7 million in Q3 2019[26] - Operating profit for Q3 2020 was approximately ¥165.6 million, an increase of 19.0% from ¥139.0 million in Q3 2019[28] - Net profit for Q3 2020 reached approximately ¥138.4 million, up 21.4% from ¥114.0 million in Q3 2019[28] - Q3 2020 revenue was CNY 432.27 million, a decrease of 18% from CNY 525.15 million in Q3 2019[31] - Operating profit for Q3 2020 was CNY 136.39 million, up 13.4% from CNY 120.23 million in Q3 2019[33] - Net profit for Q3 2020 reached CNY 115.68 million, an increase of 15.5% compared to CNY 100.14 million in Q3 2019[33] - Total comprehensive income for Q3 2020 was CNY 138.59 million, an increase from CNY 114.02 million in Q3 2019[33] Assets and Liabilities - Total assets increased by 3.85% to CNY 6,181,931,390.75 compared to the end of the previous year[6] - The company's total liabilities rose to ¥3,377,528,022.51, up from ¥3,315,763,290.72 at the end of 2019[18] - Total assets as of September 30, 2020, were approximately ¥5.37 billion, an increase from ¥5.16 billion at the end of 2019[22] - Total liabilities as of September 30, 2020, were approximately ¥2.87 billion, compared to ¥2.79 billion at the end of 2019[22] - Total current assets decreased slightly to CNY 4,374,018,548.45 from CNY 4,368,353,912.60, a change of CNY -5,664,635.85[40] - Total non-current assets increased to CNY 1,578,606,527.51 from CNY 1,556,439,862.18, reflecting a change of CNY -22,166,665.33[41] - Total liabilities rose to CNY 3,315,763,290.72 from CNY 3,294,224,244.02, indicating an increase of CNY -21,539,046.70[42] - Shareholders' equity totaled CNY 2,636,861,785.24, up from CNY 2,630,569,530.76, a change of CNY -6,292,254.48[42] Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow of 93.58%, amounting to -CNY 30,013,635.53[6] - Cash flow from operating activities improved by 93.58%, reaching -¥30,013,635.53, attributed to increased collections and reduced guarantee deposits[12] - Cash flow from investing activities decreased by 326.08% to -¥283,619,992.63, mainly due to increased external investments[12] - Cash flow from financing activities fell by 88.61% to ¥36,896,087.12, primarily due to reduced new borrowings and dividend distributions[12] - The company raised CNY 650,300,000.00 from financing activities, up from CNY 545,000,000.00 in the same period last year[36] - The net cash flow from financing activities was CNY 36,896,087.12, a decrease from CNY 323,836,136.14 in the previous year[36] - The company's cash inflow from operating activities for the first three quarters of 2020 was CNY 1,560,592,403.25, an increase of 33% compared to CNY 1,174,191,321.06 in the same period of 2019[35] - The cash outflow for purchasing goods and services was CNY 745,754,001.79, an increase from CNY 644,764,318.82 in the previous year[35] Shareholder Information - The total number of shareholders reached 21,925, indicating a stable shareholder base[8] - The company received government subsidies amounting to CNY 32,182,318.50 during the reporting period[7] Investment and Expenses - Financial expenses increased by 328.22% to ¥66,121,190.85 due to higher interest costs from bank loans[12] - Investment income rose by 687.88% to ¥13,597,864.95, primarily from increased bond returns[12] - Research and development expenses for Q3 2020 were approximately ¥21.7 million, down 18.5% from ¥26.5 million in Q3 2019[26] - R&D expenses in Q3 2020 were CNY 17.82 million, a decrease of 10.7% from CNY 19.95 million in Q3 2019[31] Revenue Recognition - The company executed new revenue recognition standards, resulting in a shift of CNY 1,216,107,190.07 to contract assets[10] - The company implemented a new revenue recognition standard effective January 1, 2020, impacting the financial statements[42] - The company executed the new revenue recognition standard starting January 1, 2020, impacting the financial reporting[46]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥974,893,064.26, representing an increase of 8.44% compared to ¥899,044,627.28 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥149,307,168.41, up 16.16% from ¥128,538,664.21 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,155,777.05, reflecting a 16.04% increase from ¥101,819,830.57 in the same period last year[19]. - Basic earnings per share increased by 14.81% to CNY 0.62 compared to the same period last year[20]. - Diluted earnings per share rose by 14.55% to CNY 0.63 year-on-year[20]. - The weighted average return on equity increased by 0.05 percentage points to 5.57%[20]. - The net profit for the same period was CNY 149.31 million, reflecting a year-on-year growth of 16.16%[39]. - The total comprehensive income for the first half of 2020 was approximately ¥143.46 million, compared to ¥103.15 million in the same period of 2019[120]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of ¥43,772,614.43 compared to a net outflow of ¥584,674,388.95 in the previous year, marking a 92.51% improvement[19]. - Accounts receivable decreased by 49.06% to ¥1,363,059,667.40, accounting for 22.55% of total assets, primarily due to the implementation of new revenue recognition standards[51]. - Contract assets amounted to ¥1,128,173,465.09, representing 18.67% of total assets, also impacted by the new revenue recognition standards[51]. - The company reported a significant increase in financial expenses, up 388.98% due to increased bank loans and interest payments[48]. - Cash and cash equivalents were CNY 690,586,130.43, slightly down from CNY 699,350,466.54, a decrease of about 0.1%[108]. - The company generated approximately ¥520.30 million in cash inflow from financing activities, compared to ¥450.00 million in the same period of 2019[123]. Business Operations and Strategy - The company aims to become an internationally renowned, domestically leading integrated service provider in infrastructure construction[30]. - The strategic focus includes capitalizing, internationalizing, and digitizing its operations while enhancing organizational reform and technological innovation[30]. - The core business areas include engineering consulting and contracting services across various sectors such as highways, municipal projects, and water transport[25]. - The company has established seven business divisions to strengthen traditional businesses and expand new ones, including transportation, municipal, construction, and overseas operations[31]. - The company has expanded its overseas presence by establishing branches in Zambia, Kenya, and Mauritius, in line with the Belt and Road Initiative[36]. Risks and Challenges - The company has detailed potential risks in the report, urging investors to be aware of investment risks[5]. - The company faces risks related to macroeconomic fluctuations and changes in infrastructure investment policies, which could impact revenue growth[58]. - The company is experiencing increased competition in the engineering consulting sector, which may lead to a decline in profitability[58]. - The company has encountered risks associated with overseas project implementation, including political and economic instability in host countries[60]. - The company has implemented measures to control credit risk, but delays in customer payments, particularly from government departments, may adversely affect cash flow and financial results due to lengthy approval processes[62]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures for providing guarantees to external parties[5]. - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[6]. - The company has committed to not engaging in any business activities that compete with its existing operations or products, ensuring no conflicts of interest with other businesses[71]. - The company emphasizes compliance with relevant laws and regulations in all related transactions[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,038[93]. - The largest shareholder, Zhang Lin, held 17,137,115 shares, representing 9.22% of the total shares, with 12,612,100 shares pledged[95]. - Major shareholders, including Mr. Zhang Lin, have pledged not to sell shares below the IPO price during the lock-up period and for an additional six months if certain price conditions are not met[74]. - The company has a commitment to not transferring or entrusting shares held prior to the IPO for a period of 36 months from the date of listing, which is from August 9, 2017, to August 8, 2020[71]. Social Responsibility - The company is actively involved in social welfare and charity activities as part of its corporate responsibility[86]. - The company donated 50,000 RMB to help improve housing conditions for impoverished residents in Maoping Town, Luodian County in April 2020[87]. - In May 2020, the company contributed 300,000 RMB to the Guizhou Province Heroic Fund to support local initiatives[87]. - The company plans to continue its efforts in poverty alleviation by enhancing communication with relevant units and implementing support policies through education and industry assistance[88]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, reflecting the company's financial position and operational results accurately[143]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[144]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of the identifiable net assets acquired, ensuring accurate financial reporting of mergers[151]. - The group includes all subsidiaries under its control in the consolidated financial statements[153].

Financial Performance - Net profit attributable to shareholders was CNY 65,187,830.73, representing a decrease of 5.20% year-on-year[6]. - Operating revenue for the period was CNY 421,284,652.25, down 3.14% from the same period last year[6]. - The company's weighted average return on equity decreased by 0.52 percentage points to 2.45%[6]. - Total operating revenue for Q1 2020 was CNY 421,284,652.25, a decrease of 3.08% from CNY 434,954,498.04 in Q1 2019[23]. - Net profit for Q1 2020 was CNY 65,612,070.52, down 5.8% from CNY 69,128,278.06 in Q1 2019[24]. - Earnings per share for Q1 2020 was CNY 0.36, compared to CNY 0.38 in Q1 2019[24]. - Net profit for Q1 2020 was CNY 77,853,412.99, an increase of 30.7% compared to CNY 59,550,652.85 in Q1 2019[26]. - Operating revenue for Q1 2020 reached CNY 92,104,818.19, up from CNY 70,688,745.77 in Q1 2019, indicating a growth of approximately 30.4%[26]. - The company reported a total comprehensive income of CNY 77,909,238.75 for Q1 2020, compared to CNY 59,557,726.77 in Q1 2019, reflecting an increase of approximately 30.8%[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,955,923,701.33, a slight increase of 0.06% compared to the previous year[6]. - The company's total current assets as of March 31, 2020, were 4,181,081,771.21 RMB, a decrease from 4,374,018,548.45 RMB at the end of 2019[15]. - The total liabilities as of March 31, 2020, were 3,254,283,890.47 RMB, compared to 3,315,763,290.72 RMB at the end of 2019[17]. - The company's total equity as of March 31, 2020, was 2,701,639,810.86 RMB, compared to 2,636,861,785.24 RMB at the end of 2019[17]. - The total assets amounted to 5,952,625,075.96 RMB, reflecting a decrease of 27,831,301.18 RMB from the previous period[36]. - The total liabilities were 3,315,763,290.72 RMB, showing a slight decrease of 21,539,046.70 RMB[35]. - The company's total equity stood at 2,636,861,785.24 RMB, with a minor reduction of 6,292,254.48 RMB[36]. - Total current liabilities rose to approximately $1.89 billion, an increase of about $21.32 million[40]. - Total liabilities reached approximately $2.79 billion, showing a decrease of about $21.32 million[40]. - Total equity increased to approximately $2.37 billion, reflecting a decrease of about $6.29 million[40]. Cash Flow - The net cash flow from operating activities improved significantly, with a net cash flow of CNY -86,275,971.71, an increase of 77.33% compared to the previous year[12]. - The net cash flow from investment activities was -162,636,328.53 RMB, a decrease of 1025.24% compared to the previous period[13]. - The net cash flow from financing activities was 209,854,276.08 RMB, a decrease of 39.47% compared to the previous period[13]. - Cash inflow from operating activities totaled CNY 547,607,808.31 in Q1 2020, compared to CNY 488,927,934.79 in Q1 2019, representing an increase of about 12%[27]. - Cash outflow from operating activities was CNY 633,883,780.02 in Q1 2020, down from CNY 869,433,380.52 in Q1 2019, showing a decrease of approximately 27.1%[27]. - The net cash flow from investment activities was -87,563,324.78 RMB, indicating a significant outflow compared to the previous period[31]. - Cash inflow from financing activities totaled 390,000,000.00 RMB, with a net cash flow of 180,947,543.76 RMB after accounting for outflows[31]. Shareholder Information - The total number of shareholders reached 23,301 at the end of the reporting period[11]. Government Subsidies - The company reported a significant increase in government subsidies, totaling CNY 20,384,126.41, up 3230.67% year-on-year[12]. Borrowings and Receivables - Short-term borrowings increased by CNY 220,000,000.00, a rise of 30.14% compared to the previous year[12]. - The company experienced a 38.90% decrease in accounts receivable, amounting to CNY 1,634,791,314.10[12]. - The company reported a significant increase in accounts receivable, totaling 1,634,791,314.10 RMB, down from 2,675,671,831.97 RMB in the previous period[15]. - Accounts receivable decreased to CNY 1,149,125,845.59 from CNY 2,021,161,179.83, indicating improved collection efforts[19]. - Accounts receivable saw a significant decline of approximately $947.69 million, dropping from about $2.02 billion to $1.07 billion[38]. Accounting Standards - The company has introduced new accounting standards, resulting in significant changes in financial metrics and reporting[12]. - The company adopted new revenue and lease standards starting January 1, 2020, impacting the financial statements[36]. - The company implemented new revenue recognition standards starting January 1, 2020, affecting the cumulative impact on retained earnings[41].