Financial Performance - The company's operating revenue for the first half of 2018 was ¥423.34 million, a decrease of 10.77% compared to ¥474.46 million in the same period last year[22]. - Net profit attributable to shareholders was ¥64.54 million, representing a 5.19% increase from ¥61.36 million year-on-year[22]. - The net cash flow from operating activities decreased by 33.83% to ¥90.05 million, primarily due to reduced sales collections and increased prepaid taxes[22]. - The company's total assets at the end of the reporting period were ¥2.32 billion, down 7.76% from ¥2.51 billion at the end of the previous year[22]. - The basic earnings per share for the first half of 2018 was ¥0.48, up 4.35% from ¥0.46 in the same period last year[23]. - The weighted average return on equity decreased by 6.87 percentage points to 3.88% compared to 10.75% in the previous year[23]. - The total operating revenue for the first half of 2018 was CNY 423,341,907.78, a decrease of 10.77% from CNY 474,458,941.79 in the same period last year[129]. - Total operating costs decreased to CNY 349,351,983.99, down 11.31% from CNY 394,038,914.03 year-on-year[129]. - Net profit for the first half of 2018 was CNY 64,401,627.37, representing an increase of 4.56% compared to CNY 61,611,484.93 in the previous year[129]. - The company reported other income of CNY 7,461,568.88, contributing positively to the overall financial performance[129]. - Investment income for the period was CNY 2,547,875.36, indicating a stable return from investments[129]. - The total comprehensive income for the first half of 2018 was CNY 64,363,856.17, compared to CNY 61,619,727.41 in the previous year, showing an increase of 4.00%[130]. Company Operations - The company operates in the shared mobility industry, which includes public transportation, public bicycles, shared bicycles, and car-sharing services[11]. - The company has a focus on the development and management of public bicycle systems and related services[12]. - The company aims to integrate various shared mobility services, including bicycles and ride-hailing, to address urban transportation needs effectively[38]. - As of June 30, 2018, the company had registered 42.5 million members and operated approximately 1.16 million sets of public bicycle system equipment across about 260 cities[48]. - The company has completed the integration of traditional public bicycle services with new generation public bicycles, shared e-bikes, and shared cars, enhancing user experience through a unified app platform[49]. - The new generation public bicycle system is expected to be launched in around 20 additional cities by the end of 2018, addressing urban transportation challenges[50]. - The company has developed a shared mobility system based on IoT and big data analysis, including products like public bicycles and shared cars[29]. - The market for public bicycles is expanding, with over 480 cities in China already implementing such systems, indicating a growing demand for shared mobility solutions[36]. Risks and Challenges - The company faces risks related to the impact of shared bicycles on future business, particularly if it fails to innovate in technology and cost control[70]. - The sustainability of government support for the bicycle industry poses a risk, as changes in government attitudes could affect market size and profitability[71]. - The company has launched new shared mobility systems, including shared bicycles and cars, but faces operational risks if these do not generate revenue within 1-2 years, leading to increased costs from R&D expenditures[72]. - Rising material and labor costs due to inflation may significantly impact the gross margin of the company's service projects, which are contracted over a 5-year period[74]. - The company anticipates potential fluctuations in gross margins as the public bicycle market matures and project scales expand, influenced by negotiation outcomes and uncontrollable operational factors[75]. - Cash flow management poses a risk due to substantial upfront working capital investments in shared mobility operations, which may pressure the company's financial stability if not managed properly[76]. Shareholder Information - The company reported no profit distribution plan or capital reserve transfer plan for the first half of 2018[5]. - The company distributed a cash dividend of RMB 67,200,000, which is RMB 7 per 10 shares[103]. - The largest shareholder, Sun Jisheng, holds 46,811,531 shares, representing 34.83% of the total shares[108]. - The company has 17,641 common stock shareholders as of the end of the reporting period[106]. - The top three shareholders hold a combined total of 67,723,851 shares, accounting for 50.43% of total shares[108]. - Shareholder returns are prioritized, with a commitment to maintaining a dividend payout ratio of at least 40% of net income[87]. Financial Position - The total assets at the end of the period reached CNY 1,638,756,597.74, reflecting a significant increase from CNY 1,614,843,416.30 at the end of the previous period[145]. - The total liabilities at the end of the period were CNY 752,165,848.73, indicating a slight increase from CNY 740,549,093.30 at the end of the previous period[145]. - The company's capital reserve decreased by CNY 38,400,000.00 during the reporting period[147]. - The company's retained earnings at the end of the period were CNY 730,294,323.00, showing a decrease of CNY 67,200,000.00 due to profit distribution[147]. - The total current assets decreased from CNY 1,426,271,292.29 to CNY 1,293,932,735.27, a decline of approximately 9.3%[119]. - Cash and cash equivalents decreased from CNY 475,047,179.10 to CNY 395,885,024.54, a reduction of about 16.7%[119]. - Accounts receivable increased from CNY 531,279,041.21 to CNY 613,153,069.72, an increase of approximately 15.4%[119]. - The total number of shares increased from 96,000,000 to 134,400,000 due to a capital reserve conversion of 38,400,000 shares[103]. Compliance and Governance - The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP as its auditor for the 2018 fiscal year, continuing from the previous year[91]. - The company strictly adheres to environmental protection laws and has not faced any penalties for environmental violations during the reporting period[97]. - There were no significant lawsuits or arbitration matters during the reporting period[91]. - The company has not undergone any changes in controlling shareholders or actual controllers during the reporting period[113]. - The company reported a commitment to not reduce shareholdings within six months from the occurrence of relevant facts[89].

Financial Performance - Operating income for the first quarter was CNY 180,149,855.81, a decline of 6.88% year-on-year[6] - Net profit attributable to shareholders increased by 0.87% to CNY 27,072,757.92 compared to the same period last year[6] - The company did not report any significant changes in net profit expectations compared to the previous year[19] - Total operating revenue for Q1 2018 was CNY 180,149,855.81, a decrease of 6.8% compared to CNY 193,466,497.98 in the same period last year[30] - Net profit for Q1 2018 was CNY 26,997,385.61, slightly up from CNY 26,867,540.75 in the previous year, reflecting a growth of 0.5%[30] - The net profit attributable to shareholders of the parent company was CNY 27,265,504.90, slightly up from CNY 27,180,170.38, reflecting a growth of 0.31% year-over-year[34] - The total comprehensive income for the period was CNY 27,265,504.90, compared to CNY 27,180,170.38 in the previous year, showing a slight increase[35] Cash Flow - Cash flow from operating activities surged by 396.06% to CNY 61,466,136.86 compared to the previous year[6] - Operating cash flow net amount increased by 396.06% to ¥61,466,136.86, driven by increased cash collections from accounts receivable[18] - The net cash flow from operating activities was CNY 61,466,136.86, significantly improved from CNY 12,390,991.49 in the same quarter last year[37] - Net cash flow from operating activities improved to CNY 41,800,281.25, compared to a net outflow of CNY -30,332,274.39 in the same period last year[41] Assets and Liabilities - Total assets decreased by 4.96% to CNY 2,389,911,363.50 compared to the end of the previous year[6] - Total assets as of March 31, 2018, amounted to CNY 2,284,408,184.86, a decrease from CNY 2,408,764,912.55 at the beginning of the year[29] - Total liabilities decreased to CNY 642,299,263.66 from CNY 793,921,496.25, representing a reduction of 19%[28] - The company reported a decrease in short-term borrowings to CNY 0 from CNY 20,000,000.00, indicating a shift towards reduced leverage[28] Shareholder Information - The number of shareholders reached 12,845 by the end of the reporting period[9] - The weighted average return on equity decreased by 3.21 percentage points to 1.64%[6] Receivables and Inventory - Other receivables decreased by 43.88% to CNY 79,539,562.25 due to the recovery of receivables from a subsidiary[13] - Accounts receivable increased to CNY 552,657,551.32 from CNY 531,279,041.21, indicating a growth in sales or credit terms[22] - Accounts receivable increased to CNY 508,327,145.83 from CNY 489,859,636.18, indicating a growth of 3.0%[27] - Inventory increased to CNY 83,177,850.85 from CNY 80,078,216.18, reflecting a rise of 3.0%[27] Expenses - Sales expenses decreased by 45.75% to ¥2,916,958.05 due to the exclusion of Jiangsu Yong'an's carbon technology company from the consolidation scope and a reduction in freight costs[16] - Financial expenses dropped by 96.56% to ¥68,865.63 primarily due to a decrease in interest expenses[16] - The company reported a decrease in operating costs to CNY 95,277,530.49 from CNY 119,601,816.74, a reduction of 20.3%[34] - The company incurred management expenses of CNY 15,822,904.73, which is an increase of 60.3% compared to CNY 9,888,888.83 in the previous year[34] Cash and Cash Equivalents - Cash and cash equivalents at the end of the period amounted to ¥419,172,164.20, a 254.49% increase compared to the previous year[18] - Cash and cash equivalents decreased to CNY 388,659,652.87 from CNY 449,630,015.86, a decline of 13.5%[27] - The ending cash and cash equivalents balance was CNY 386,710,473.47, down from CNY 443,331,657.06 at the beginning of the period[42] - Total cash and cash equivalents decreased by CNY 56,621,183.59 during the quarter[42]

Financial Performance - The company's operating revenue for 2017 was approximately CNY 1.05 billion, representing a 36.20% increase compared to CNY 774 million in 2016[27]. - Net profit attributable to shareholders reached approximately CNY 516 million, a significant increase of 343.85% from CNY 116 million in the previous year[27]. - The company's net assets attributable to shareholders increased by 203.82% to approximately CNY 1.64 billion, driven by net profit and the issuance of 24 million A-shares[29]. - Total assets grew by 92.86% to approximately CNY 2.51 billion, primarily due to the increase in net profit and capital raised from share issuance[29]. - Basic earnings per share rose to CNY 6.46, marking a 298.77% increase from CNY 1.62 in 2016[28]. - The weighted average return on equity increased to 52.00%, up 28.14 percentage points from 23.86% in the previous year[28]. - The company achieved a revenue of CNY 1,054,531,441.44, representing a year-on-year increase of 36.20%[58]. - The net profit attributable to shareholders was CNY 51,644,91, an increase of 343.85% year-on-year[58]. - The net cash flow from operating activities showed a strong recovery in Q4, reaching approximately ¥255 million, after a negative cash flow in Q3[9]. - The company reported non-recurring gains of approximately ¥394 million in 2017, primarily from the disposal of non-current assets[32]. Business Operations - The report outlines the company's business model, which includes both stable and dynamic business segments within the shared mobility industry[13]. - The company experienced growth in revenue from public bicycle system sales, operations, and user-paid shared bicycles, leading to overall revenue growth[29]. - The company plans to continue expanding its public bicycle system and user-paid shared bicycle services to enhance revenue streams[29]. - The company operates in the shared mobility sector, focusing on public bicycle systems and other shared transport solutions, leveraging IoT and big data technologies[36]. - By the end of 2017, there were approximately 25 million shared bicycles in China, highlighting the rapid expansion of the industry[43]. - The company has established public bicycle projects in about 252 cities and regions, adding around 40 new locations during the reporting period[57]. - The company has developed a new generation of public bicycle systems that integrate the advantages of traditional public bicycles and shared bicycles, enhancing operational efficiency[57]. - The company plans to promote shared electric bicycles and shared cars in 2018, expanding its service offerings[57]. - The company is focusing on technology innovation using IoT and big data to improve user experience and operational efficiency[98]. Investments and R&D - The company has invested CNY 41,051,424.97 in research and development, a 227.44% increase from the previous year[60]. - Total R&D investment accounted for 3.89% of operating revenue, with 419 R&D personnel representing 8.19% of the total workforce[74]. - The company is actively pursuing patent research and development to protect its business interests and is collaborating with universities on technology innovation projects in IoT, big data, and new energy[99]. - The company has 419 R&D personnel, which indicates a strong focus on innovation and product development[178]. Corporate Governance and Compliance - The company reported a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The company’s board of directors and management confirm the authenticity and completeness of the annual report, taking legal responsibility for any misrepresentation[8]. - The company is committed to maintaining transparency and compliance with relevant laws and regulations, including the Company Law and Securities Law[14]. - The company has a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[183]. - The company did not disclose any significant deficiencies in internal control during the reporting period[191]. - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and maintaining necessary internal controls[200]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential investment risks[6]. - The company acknowledges the risk of fluctuating government support for the bicycle transportation sector, which could affect market capacity and profitability[102]. - The company faces risks related to the impact of shared bicycles on its public bicycle business if it fails to innovate and control costs effectively[101]. - The company is exposed to risks from rising material and labor costs that could impact the profitability of its service contracts over a five-year period[104]. - The company anticipates potential fluctuations in gross profit margins due to market maturity and project scale, which could introduce uncertainty in future earnings growth[105]. - The company is under pressure regarding cash flow management due to increasing operational funding needs as business volume grows[107]. Shareholder Information - The company plans to distribute a cash dividend of 7 RMB per 10 shares, totaling 67,200,000 RMB, and to increase its total share capital by 38,400,000 shares through capital reserve conversion, raising total shares to 134,400,000[5]. - The largest shareholder, Sun Jisheng, holds 33,436,808 shares, representing 34.83% of the total shares, with 2,452,754 shares pledged[156]. - The company has a total of 9,600,000 shares outstanding after the public offering, which diluted the earnings per share and net asset value per share for the year[150]. - The company has a total of 185.88 million yuan in pre-tax remuneration for its directors and senior management[169]. - The company has not granted any stock incentives to directors and senior management during the reporting period[172]. Financial Position - The total assets increased from RMB 1,303,882,893.58 at the beginning of the period to RMB 2,514,647,052.74 at the end of the period, while total liabilities rose from RMB 763,172,566.09 to RMB 873,054,311.17[153]. - The company's debt-to-asset ratio improved from 58.53% to 34.72% during the reporting period[153]. - Cash and cash equivalents increased by 181.60% to ¥475,047,179.10, primarily due to funds raised from the public offering of shares[80]. - Accounts receivable rose by 67.27% to ¥531,279,041.21, attributed to the expansion of business scale and increased project volume[80]. - Other receivables increased by 126.79% to ¥141,738,738.15, mainly due to deposits and recharge amounts from shared bicycle operations prior to losing control over 永安行低碳[80]. Audit and Financial Adjustments - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[194]. - The company has made adjustments to its financial statements to reflect the new accounting standards, including the classification and measurement of non-current assets held for sale[128]. - The company has no significant accounting errors to correct during the reporting period[129]. - The company has not faced any risks of suspension or termination of its listing[129].

Financial Performance - Operating revenue for the first nine months reached CNY 751,113,967.13, a 44.11% increase year-on-year[6] - Net profit attributable to shareholders increased by 9.38% to CNY 79,272,209.29 for the first nine months[6] - Basic earnings per share for the period was CNY 1.02, a 4.08% increase compared to the same period last year[7] - Total operating revenue for the first nine months reached ¥751,113,967.13, a 44.1% increase from ¥521,205,940.42 in the same period last year[25] - Net profit attributable to the parent company was ¥79,272,209.29, up 9.9% from ¥72,476,324.93 year-on-year[26] - The company reported a gross profit margin of approximately 65.5% for the first nine months, compared to 64.5% in the previous year[25] - The total operating profit for Q3 2017 was CNY 41,420,111.81, compared to CNY 27,288,566.03 in the same quarter last year, reflecting an increase of approximately 51.9%[30] Asset and Equity Growth - Total assets increased by 57.53% to CNY 2,054,067,185.68 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 122.85% to CNY 1,203,655,042.14 compared to the end of the previous year[6] - Owner's equity surged to CNY 1,204,023,933.58, compared to CNY 540,710,327.49, marking an increase of around 122%[23] - The company’s total equity reached ¥1,199,679,039.76, an increase from ¥515,165,931.94 year-on-year[25] Cash Flow and Liquidity - Net cash flow from operating activities for the first nine months was CNY 87,049,845.88, up 37.61% year-on-year[6] - Cash and cash equivalents increased by 238.27% to ¥570,653,130.30, primarily due to the issuance of new shares[13] - The company received cash from operating activities amounting to ¥615,761,213.20, a 380.23% increase, mainly from deposits and recharge collections[17] - The company reported a significant increase in cash and cash equivalents, with a net increase of CNY 399,040,337.55 for the period, compared to a decrease of CNY 85,953,621.08 in the previous year[34] - The ending balance of cash and cash equivalents increased to ¥540,857,009.63, compared to ¥45,883,622.12 at the end of the same period last year[37] Liabilities and Financial Position - Total liabilities rose to CNY 850,043,252.10 from CNY 763,172,566.09, reflecting an increase of approximately 11.4%[22] - The total liabilities to equity ratio improved, indicating a stronger financial position for the company[22] - The company’s total liabilities increased, with a notable rise in financing activities, which generated CNY 744,800,000.00 in cash inflows during the first nine months of 2017[34] Shareholder Information - The company had a total of 16,701 shareholders at the end of the reporting period[10] - The top ten shareholders held a total of 34.83% of the shares, with the largest shareholder holding 33,436,808 shares[10] Investment and Expenses - Operating costs increased by 55.42% to ¥562,775,827.25, corresponding to the revenue growth[16] - Financial expenses rose by 78.59% to ¥6,009,300.16, primarily due to increased interest expenses[16] - The company invested ¥81,043,867.96 in fixed assets, intangible assets, and other long-term assets, a decrease of 62.6% from ¥216,750,553.76 in the previous year[35] - The company paid ¥127,092,091.24 to employees, which is an increase of 34.3% from ¥94,614,426.07 in the previous year, indicating a focus on workforce investment[35] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[27] - The company’s management indicated plans for market expansion and potential new product development in the upcoming quarters, although specific figures were not disclosed[30]