Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[11]. - The company's operating revenue for the first half of the year was ¥762.51 million, a decrease of 7.10% compared to ¥820.74 million in the same period last year[19]. - The net profit attributable to shareholders was ¥61.53 million, down 33.46% from ¥92.46 million year-on-year[19]. - The basic earnings per share decreased by 42.31% to ¥0.15 from ¥0.26 in the previous year[20]. - The weighted average return on equity dropped to 4.13%, a decrease of 5.14 percentage points from 9.27%[20]. - The net cash flow from operating activities was negative at -¥19.16 million, compared to -¥13.38 million in the same period last year[19]. - The gross profit margin for the first half of 2022 was reported at 40%, a slight increase from 38% in the same period last year[11]. - The total profit for the first half of 2022 was RMB 80,231,645.14, down from RMB 115,858,370.30, a decline of 30.7%[119]. - The company experienced a rise in sales expenses to RMB 112,192,539.23 from RMB 108,524,772.35, an increase of 6.2%[118]. - The company’s tax expenses decreased to RMB 16,263,506.40 from RMB 24,712,554.84, a reduction of 34.2%[119]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[11]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's product offerings and customer base[11]. - The company aims to enhance procurement efficiency by transitioning to a centralized procurement model, addressing issues of price transparency and service quality in the MRO sector[29]. - The company aims to exceed 500,000 SKUs by the end of 2022, enhancing product variety and reducing operational costs for clients[36]. - The company has established a dedicated procurement center to optimize purchasing for various industries, including nuclear power and e-commerce[36]. Research and Development - The company has invested RMB 50 million in R&D for new technologies aimed at improving supply chain management systems[11]. - R&D investment totaled approximately 12.9 million RMB, resulting in 17 patents and 2 trademarks acquired during the reporting period[37]. - The company is focusing on the development of new products such as the aerial line fault location system and drone smart inspection platform[41]. - The company established a "specialized and innovative technology team" to focus on high-end hydraulic technology and emergency detection technology development[40]. Financial Position - The company's total assets decreased by 9.60% to ¥1,949.94 million from ¥2,157.12 million at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 5.30% to ¥1,402.09 million from ¥1,480.61 million at the end of the previous year[19]. - The company's total liabilities include accounts payable of CNY 42,224,325.07, a decrease of 61.67% compared to the previous year[45]. - The company's total liabilities at the end of the first half of 2022 were CNY 448,827,141.13, which is a slight increase compared to the previous year, suggesting a cautious approach to leveraging[139]. Environmental and Social Responsibility - The company continues to implement strict environmental protection measures, ensuring all pollution sources meet discharge standards[64]. - Energy-saving bulbs are used in the company's facilities, significantly reducing electricity consumption and promoting low-carbon effects[65]. - The company actively promotes environmental awareness among employees and encourages eco-friendly commuting methods[65]. - The company has established performance assessments for energy usage, helping to identify energy efficiency levels and potential savings[65]. Shareholder and Governance Matters - The board has approved a profit distribution plan, with no plans for capital reserve conversion during this reporting period[11]. - There were no profit distribution or capital reserve transfer plans proposed for the half-year, with no dividends or stock bonuses issued[61]. - The company has committed to not transferring or managing shares held prior to the IPO for 36 months, ensuring stability in shareholding[69]. - The company will ensure compliance with the rules of the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share transfers[71]. Risks and Challenges - The company has identified potential risks including market volatility and supply chain disruptions, which may impact future performance[11]. - The company faced adverse impacts from the domestic COVID-19 pandemic, leading to a decline in operating revenue and increased personnel costs[21]. - The company is exposed to intensified market competition, necessitating continuous enhancement of its comprehensive strength and market expansion[53]. - The company faces risks related to its reliance on the power industry, with significant revenue coming from State Grid and its subsidiaries[52]. Operational Efficiency - The company has developed a strong supply chain management capability, enhancing procurement efficiency and reducing costs for clients[34]. - The company aims to enhance its supply chain through a "one platform, dual drive" strategy, promoting digital transformation in supply services[40]. - The company has set a digitalization goal with a framework of 6 business platforms and 3 functional systems to improve operational efficiency and data management[36]. Employee and Management Changes - The total number of employees increased by 7.4% to 1,576 by the end of the reporting period[41]. - The company appointed Lin Huayi as the Vice General Manager, effective from January 25, 2022, until the end of the current board term[59]. - There were no significant changes in the board of directors or senior management during the reporting period[104]. Compliance and Legal Matters - The company has not faced any administrative penalties related to environmental issues during the reporting period[63]. - There were no significant lawsuits or arbitration matters during the reporting period[93]. - The company has not faced any violations or penalties related to its directors, supervisors, senior management, controlling shareholders, or actual controllers[93].

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.99 billion, a slight increase of 0.08% compared to ¥1.99 billion in 2020[22]. - The net profit attributable to shareholders for 2021 was approximately ¥198.86 million, representing a decrease of 16.28% from ¥237.52 million in 2020[22]. - The net cash flow from operating activities in 2021 was approximately ¥144.05 million, a significant decline of 60.02% compared to ¥360.26 million in 2020[23]. - The total assets at the end of 2021 were approximately ¥2.16 billion, an increase of 30.94% from ¥1.65 billion at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥1.48 billion, reflecting a growth of 55.72% from ¥950.85 million at the end of 2020[23]. - The basic earnings per share for 2021 were ¥0.53, down 19.70% from ¥0.66 in 2020[24]. - The weighted average return on equity for 2021 was 16.35%, a decrease of 10.56 percentage points from 26.91% in 2020[24]. - The company achieved a revenue of 1,992.52 million yuan in 2021, representing a year-on-year growth of 0.08%[51]. - The net profit attributable to shareholders was 198.86 million yuan, a decrease of 16.28% compared to the previous year[51]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.50 per 10 shares, totaling approximately RMB 140 million for the year 2021[5]. - The total share capital for the dividend distribution is 400,010,000 shares[5]. - The company does not plan to increase capital reserves or issue bonus shares for the year 2021[5]. - The company distributed cash dividends of ¥4.00 per 10 shares, totaling ¥160,004,000.00 for the first half of 2021[133]. - The company's available profit for distribution as of June 30, 2021, was ¥302,386,760.84 (unaudited)[134]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has established a comprehensive governance structure, ensuring compliance with legal regulations and effective management practices[89]. - The company has established an independent director system, ensuring independent opinions and professional advice for scientific decision-making and compliance operations[94]. - The company has not faced any penalties from securities regulatory authorities in the past three years[115]. - The board meetings adhered to legal and regulatory requirements, ensuring proper procedures were followed[117]. Operational Performance - The company achieved a stable growth in operating performance, focusing on enhancing core competitiveness and innovation, while adapting to external changes and challenges[33]. - The company has completed the construction target of 330,000 SKUs in its supply chain by 2021, optimizing product selection and procurement efficiency[35]. - The total number of employees increased by 6.07% to 1,467 during the reporting period, with a focus on improving training and performance assessment systems[39]. - The MRO (Maintenance, Repair, and Operations) centralized sales business accounts for approximately 70% of the company's revenue, with significant growth potential in the market[40]. - The company has established partnerships with several universities to enhance talent cultivation and innovation cooperation, focusing on applied technology development[38]. Market Expansion and Strategy - The company is actively expanding into the nuclear power market and enhancing capabilities in the oil and petrochemical sectors[34]. - The MRO market in China is expected to reach an annual procurement amount of 2.75 trillion yuan by 2025, with a compound annual growth rate of 4.5% from 2020 to 2025[40]. - The company plans to continue expanding in the oil and petrochemical sectors, which have shown significant growth potential[58]. - The company aims to become a leader in MRO integrated services in the energy, transportation, and emergency sectors, focusing on a digital supply chain and localized service networks[81]. - The company plans to enhance its market share in nuclear power, wind power, emergency services, rail transportation, and oil and petrochemicals while expanding its international marketing network[82]. Research and Development - The company invested over 33 million yuan in R&D in 2021, resulting in 7 new trademarks and 20 patents obtained[50]. - The company is committed to increasing its R&D efforts to improve product performance and expand its product range, aiming for a complementary relationship between proprietary and distributed products[82]. - Research and development expenses increased by 20.58% to ¥33,655,018.13, reflecting the company's investment in new products and technologies[53]. - The company has introduced new technologies and products, including the second-generation cable fault diagnosis technology and intelligent management systems[38]. Employee Management - The company has established a performance-oriented compensation distribution mechanism and welfare system for employees[126]. - The company has established a training program through "Xianheng Academy" to enhance employee skills and capabilities[128]. - The company strictly adheres to labor laws and provides competitive salaries and benefits to its employees[126]. - The total remuneration for all directors and senior management amounted to 11.965 million yuan[105]. Financial Management - The company has invested a total of ¥90,000,000 in bank wealth management products sourced from raised funds[179]. - The company has allocated ¥363,050,000 in trust wealth management products using its own funds, with an outstanding balance of ¥202,300,000[179]. - The annualized return rate for the bank wealth management product is projected between 8% to 10% for debt investments and 0% to 20% for equity investments[181]. - The company has not reported any overdue amounts in its financial dealings related to wealth management products[179]. Shareholder Structure - The company has a total of 324,908,811 shares held by domestic non-state-owned legal persons, representing 90.25% of the total shares[190]. - The company’s largest shareholder, Hangzhou Xingrun Investment, holds 64,827,692 shares, accounting for 16.21% of the total shares[199]. - The top three shareholders hold a combined total of 180,153,567 shares, representing 45.04% of the total shares[199]. - The number of ordinary shareholders increased from 13,616 to 14,588 during the reporting period[197]. Risk Management - The company faces risks from increased competition in the power system, requiring continuous enhancement of product quality, pricing, and service capabilities to maintain its market position[86]. - Seasonal fluctuations in demand are expected, with the majority of procurement concentrated in the second half of the year, particularly in Q4, affecting revenue realization[87]. - The company has not faced any significant changes in competitive conditions that would impact its operations negatively[98].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 318,739,073.46, representing a year-on-year increase of 5.73%[5] - The net profit attributable to shareholders for the same period was CNY 17,592,529.37, reflecting a slight increase of 0.54% compared to the previous year[5] - The net profit for Q1 2022 was CNY 18,086,022.78, a slight increase from CNY 17,965,987.78 in Q1 2021, representing a growth of 0.67%[22] - Total revenue for Q1 2022 was RMB 318,739,073.46, an increase of 5.5% compared to RMB 301,469,184.53 in Q1 2021[20] - Operating revenue from sales of goods and services reached CNY 631,152,504.36, up from CNY 561,401,106.10 in the same period last year, indicating a growth of 12.43%[25] - The total comprehensive income for Q1 2022 was CNY 18,086,258.00, compared to CNY 17,970,362.78 in Q1 2021, showing a growth of 0.64%[22] - The total operating profit was CNY 27,079,181.27, slightly down from CNY 27,217,118.98 in the previous year, a decrease of 0.51%[22] Cash Flow and Assets - The net cash flow from operating activities surged by 474.06%, amounting to CNY 59,610,768.50, primarily due to increased cash receipts from sales[10] - The net cash flow from operating activities was CNY 59,610,768.50, significantly higher than CNY 10,384,041.82 in Q1 2021, marking an increase of 474.56%[25] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 479,163,471.24, compared to RMB 470,659,070.87 at the end of 2021, showing a slight increase[16] - The cash and cash equivalents at the end of the period were CNY 472,894,114.63, up from CNY 290,447,356.02, an increase of 62.67%[26] - Total assets at the end of the reporting period were CNY 2,071,834,457.21, down 3.95% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 2,071,834,457.21, down from RMB 2,157,122,995.82 at the end of 2021, a decrease of approximately 4.0%[18] - Total liabilities decreased to RMB 557,675,603.55 from RMB 661,204,400.16, reflecting a reduction of about 15.7%[18] - Shareholders' equity increased to RMB 1,514,158,853.66 from RMB 1,495,918,595.66, indicating a growth of approximately 1.5%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,616[11] - The top shareholder, Hangzhou Xingrun Investment Co., Ltd., held 16.21% of the shares, totaling 64,827,692 shares[12] Expenses - Total operating costs for Q1 2022 were RMB 308,578,948.24, up from RMB 289,649,452.64 in Q1 2021, reflecting a year-over-year increase of 6.5%[20] - Research and development expenses increased to CNY 5,927,420.20 from CNY 4,695,950.83, reflecting a rise of 26.19%[22] - The company reported a decrease in sales expenses to CNY 50,646,875.67 from CNY 54,278,749.52, a reduction of 6.03%[22] Earnings Per Share - Basic earnings per share decreased by 20.00% to CNY 0.04[6] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.04, down from CNY 0.05 in Q1 2021, a decrease of 20%[22] Other Information - The company did not conduct an audit for the Q1 financial statements[4] - The company has not disclosed any new product developments or market expansion strategies in the current report[14] - The company reported non-recurring gains of CNY 849,541.09, after accounting for tax and minority interests[9] - The company recorded a net cash outflow from investing activities of CNY 54,531,292.73, worsening from a net outflow of CNY 11,175,510.80 in Q1 2021[26] - Accounts receivable decreased to RMB 549,848,577.05 from RMB 736,018,660.58, indicating a reduction of approximately 25.3%[16] - Inventory decreased to RMB 156,214,343.83 from RMB 170,913,836.29, representing a decline of about 8.6%[16] - The company reported a significant increase in prepayments, which rose to RMB 76,143,406.82 from RMB 33,747,436.45, marking an increase of about 125.0%[16] - The weighted average return on equity was 1.18%, a decrease of 0.64 percentage points compared to the previous year[6]

Financial Performance - The company's operating revenue for Q3 2021 was ¥387,523,042.57, a decrease of 14.75% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥22,505,529.21, down 62.76% year-on-year[5]. - Basic earnings per share for the period were ¥0.06, reflecting a decline of 64.71% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2021 was RMB 1,208,264,314.33, a decrease of 4.75% compared to RMB 1,268,891,730.43 in the same period of 2020[19]. - Total revenue for Q3 2021 was 1,065,337,840.95 CNY, a decrease from 1,102,499,122.12 CNY in Q3 2020, representing a decline of approximately 3.3%[20]. - Net profit for Q3 2021 was 115,972,181.64 CNY, down from 128,277,551.75 CNY in Q3 2020, indicating a decrease of about 9.9%[21]. - Basic and diluted earnings per share for Q3 2021 were both 0.31 CNY, compared to 0.35 CNY in Q3 2020, reflecting a decline of approximately 11.4%[22]. - Operating profit for Q3 2021 was 153,536,799.75 CNY, down from 180,678,716.02 CNY in Q3 2020, a decrease of around 15.0%[20]. - Total comprehensive income for Q3 2021 was 115,972,747.96 CNY, down from 128,278,586.11 CNY in Q3 2020, a decrease of approximately 9.5%[22]. Assets and Liabilities - Total assets increased to ¥1,857,238,077.67, representing a growth of 12.74% compared to the end of the previous year[6]. - Total current assets reached RMB 1,447,777,212.05, up from RMB 1,249,311,564.02 in the previous year[15]. - The company's cash and cash equivalents were RMB 235,137,696.70, down from RMB 309,073,481.18 at the end of 2020[15]. - Total liabilities decreased to RMB 460,284,667.31 from RMB 679,143,870.85 in the previous year[17]. - The company's equity attributable to shareholders increased to RMB 1,380,404,820.17 from RMB 950,845,624.11 in the previous year[17]. - The company reported accounts receivable of RMB 604,716,500.60, a decrease from RMB 678,188,516.28 in the previous year[15]. - Inventory as of September 30, 2021, was RMB 163,478,175.69, an increase from RMB 128,277,108.59 in the previous year[15]. - The company’s non-current assets totaled RMB 409,460,865.61, up from RMB 398,097,346.01 in the previous year[16]. - The company’s retained earnings decreased to RMB 311,328,670.34 from RMB 356,370,094.68 in the previous year[17]. Cash Flow - Cash flow from operating activities showed a negative net amount of -¥90,451,052.52 for the year-to-date[6]. - Cash flow from operating activities for the first nine months of 2021 was 1,396,337,047.63 CNY, down from 1,523,564,006.26 CNY in the same period of 2020, a decline of about 8.3%[23]. - Net cash flow from operating activities for Q3 2021 was -90,451,052.52 CNY, compared to 89,438,806.02 CNY in Q3 2020, indicating a significant shift to negative cash flow[24]. - Investment activities generated a net cash outflow of -335,326,051.67 CNY in Q3 2021, compared to -99,219,419.27 CNY in Q3 2020, indicating increased investment expenditures[24]. - Financing activities resulted in a net cash inflow of 312,715,623.22 CNY in Q3 2021, contrasting with a net cash outflow of -156,332,455.33 CNY in Q3 2020, reflecting improved financing conditions[24]. Operational Challenges - The decline in net profit was primarily due to the impact of recurring pandemic factors, which led to a decrease in gross profit by ¥30.01 million[9]. - The company experienced a reduction in cash received from sales of goods by ¥120.47 million due to slowed procurement plans from customers[9]. - The company did not report any new product developments or market expansion strategies in this quarter[9]. Accounting Changes - The company announced the implementation of new leasing standards starting in 2021, affecting the financial statements from the beginning of the year[25].