Financial Performance - The company's operating revenue for the first half of 2021 was ¥621,568,864.82, a decrease of 9.48% compared to ¥686,660,481.66 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥33,129,399.33, down 24.81% from ¥44,062,197.46 in the previous year[21]. - The net cash flow from operating activities was -¥243,359,661.18, a significant decline compared to -¥25,840,666.51 in the same period last year[21]. - Basic earnings per share decreased by 38.89% to ¥0.22 from ¥0.36 in the same period last year[22]. - The weighted average return on net assets was 2.29%, down 2.19 percentage points from 4.48% in the previous year[22]. - The decrease in net profit was primarily due to a slight decline in operating revenue leading to reduced gross profit and increased management expenses related to the company's listing[23]. - The net cash flow from operating activities decreased by ¥217,519,000, mainly due to reduced project collections and increased payments for procurement and employee compensation[23]. - The company reported a non-operating loss of RMB 21,298.40 from the disposal of non-current assets[25]. - The company recorded a non-operating income of RMB 1,207,880.55 from fair value changes of financial assets and liabilities[26]. - The company achieved operating revenue of 621,568,864.82 CNY, a decrease of 9.48% compared to the same period last year[42]. - The net profit attributable to shareholders was 33,129,400 CNY, down 24.81% year-on-year[38]. - The company reported a significant decrease of 95.25% in contract liabilities to 106,318.38 from 2,236,736.73[45]. - The company reported a total of ¥896,027,868.77 in capital reserves, up from ¥351,653,749.55, an increase of about 154.5%[127]. - The total comprehensive income for the first half of 2021 was CNY 38,194,052.80, reflecting a decrease from CNY 45,857,634.06 in the first half of 2020[139]. Assets and Liabilities - The total assets rose by 8.51% to ¥3,184,177,775.30 from ¥2,934,555,938.28 at the end of the previous year[21]. - The company’s cash and cash equivalents were restricted due to guarantee deposits and bank acceptance bill guarantees totaling 17,838,257.85[46]. - As of June 30, 2021, the company's accounts receivable amounted to 1,179.54 million yuan, accounting for 37.04% of total assets, indicating a high proportion of receivables[54]. - The company's contract assets were valued at 852.02 million yuan, representing 26.76% of total assets, highlighting potential risks in project payment recovery[54]. - The company’s total liabilities decreased to ¥1,535,774,879.53 from ¥1,887,652,712.27, a reduction of about 18.6%[127]. - The company’s long-term borrowings decreased by 38.42% to 117,000,000.00 from 190,000,000.00[45]. - The company reported a total of CNY 601,499,669.76 in changes to equity, driven by comprehensive income and owner contributions[149]. - The total owner's equity at the end of the reporting period is 1,680,185,175.50 CNY, an increase from 1,073,431,392.28 CNY at the beginning of the year[156]. Operational Highlights - The company has a complete industrial chain, demonstrating strong integrated design and construction capabilities in landscape engineering[34]. - The company has received multiple awards, including the Luban Award and the Gold Award for Excellent Garden Engineering, enhancing its brand image and social recognition[34]. - The company is actively involved in industry associations, such as the "National Innovation Alliance for Hydrangea Industry," contributing to industry development[34]. - The company’s business model includes project bidding, implementation, and settlement, ensuring a structured approach to project management[30]. - The company is positioned to benefit from national policies promoting green development and ecological restoration, providing a favorable macro policy environment for growth[32]. - The company emphasizes customer-centric service and high-quality project delivery, aiming to create long-term value[34]. - The company has a high-quality professional talent team, with 276 employees holding a bachelor's degree or above and a mature R&D team of over 80 members[36]. - The company has established a scientific talent management system and good cooperation with universities and research institutions, enhancing its talent pool[37]. - The company has obtained three new utility model patents during the reporting period, including a plant wall frame that is easy to disassemble and transport[38]. - The company has expanded its operations across multiple provinces, including Hainan, Guangdong, and Yunnan, demonstrating strong cross-regional operational capabilities[36]. Shareholder Commitments and Governance - The actual controller and major shareholders have committed to not transferring or managing their shares for 36 months post-listing, with a maximum of 25% transfer allowed annually during their tenure[69]. - The company will automatically extend the lock-up period by 6 months if the stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing[70]. - The company guarantees the authenticity and completeness of all documents related to the IPO, committing to repurchase shares if any false statements are identified[74]. - The controlling shareholder, Yuangrong Group, has made a similar commitment regarding the authenticity of the IPO documents and will also repurchase shares if necessary[75]. - Shareholders are restricted from transferring shares for 12 months post-listing, ensuring stability in shareholding[73]. - The company’s executives have committed to not transferring their shares for 12 months post-listing, with a similar 25% annual transfer limit during their tenure[72]. - The company will ensure that new directors and executives adhere to the same commitments made by current management[75]. - The company has outlined a clear plan for share repurchase in case of any legal violations related to the IPO documents[74]. - The company commits to compensating investors for measurable economic losses due to false statements or omissions in the prospectus, following recognition by regulatory authorities[77]. - The company has established a stock price stabilization plan effective for three years post-IPO, triggered if the stock price is below the latest audited net asset value for 20 consecutive trading days[78]. Risk Management and Compliance - The company plans to strengthen its internal risk prevention system and enhance the management of accounts receivable to mitigate financial risks[55]. - The company has faced macroeconomic risks due to reliance on government investment in the landscaping industry, which may impact future business development[54]. - The company will adopt a prudent operational approach to evaluate and select quality clients and projects to ensure financial stability[54]. - The company has committed to avoiding any undisclosed related party transactions, ensuring transparency and compliance with regulations[96]. - The company has not engaged in any significant related party transactions that require further disclosure, indicating a focus on core operations[99]. - The company has not reported any significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[98]. - The controlling shareholder and actual controller have pledged to avoid any actions that would infringe upon the company's interests or lead to competition with the company[94]. Accounting Policies and Financial Reporting - The financial statements were approved by the board of directors on August 26, 2021[162]. - The financial report is prepared in accordance with the accounting standards issued by the Ministry of Finance of China[164]. - The company operates on a continuous basis, preparing financial statements based on the going concern assumption[165]. - The accounting period for the company is from January 1 to December 31 each year[168]. - The company's accounting currency is Renminbi (RMB)[170]. - The company follows specific accounting policies for revenue recognition based on relevant accounting standards[166]. - The company consolidates financial statements based on control, including all subsidiaries[172]. - The company recognizes the fair value of identifiable assets and liabilities in business combinations[173]. - The company applies the equity method for investments in joint ventures[177]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date[179].

Financial Performance - Operating revenue for the period was CNY 228,805,022.45, representing a 10.11% increase year-on-year[6] - Net profit attributable to shareholders increased by 71.89% to CNY 12,812,920.06 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 111.60% to CNY 13,278,086.75 compared to the same period last year[6] - Basic earnings per share rose by 66.67% to CNY 0.10 compared to the same period last year[6] - Total operating revenue for Q1 2021 was CNY 228,805,022.45, an increase of 10.1% compared to CNY 207,795,208.47 in Q1 2020[25] - Net profit for Q1 2021 reached CNY 12,690,633.70, representing a 61.5% increase from CNY 7,866,521.26 in Q1 2020[26] - Total comprehensive income for Q1 2021 was CNY 12,690,633.70, compared to CNY 7,866,521.26 in Q1 2020, reflecting overall growth[26] Assets and Liabilities - Total assets increased by 6.96% to CNY 3,138,786,391.97 compared to the end of the previous year[6] - The company's intangible assets increased by 232.90% to ¥1,011,595.30 from ¥303,869.83, primarily due to new software purchases during the reporting period[11] - Total liabilities decreased to ¥1,494,509,061.03 in Q1 2021 from ¥1,887,652,712.27 in Q4 2020, a decline of approximately 20.83%[19] - Current liabilities decreased to ¥1,334,288,187.41 in Q1 2021 from ¥1,683,096,693.00 in Q4 2020, a reduction of about 20.73%[18] - The total current assets increased to ¥2,844,993,226.36 in Q1 2021 from ¥2,654,540,378.37 in Q4 2020, an increase of approximately 7.19%[22] - Total non-current liabilities decreased to CNY 204,556,019.27, down by CNY 23,511,854.86[38] Cash Flow - The company reported a net cash flow from operating activities of -CNY 188,746,284.32, which is not applicable for year-on-year comparison[6] - Cash flow from operating activities in Q1 2021 was CNY 399,213,348.42, an increase from CNY 344,170,980.01 in Q1 2020[31] - Financing activities generated a net cash inflow of CNY 560,142,870.25, significantly higher than CNY 70,428,334.44 in the prior year, indicating a growth of over 694%[33] - The net cash flow from operating activities was negative at CNY -188,746,284.32, worsening from CNY -140,059,532.89 year-over-year[32] - Cash flow from investing activities showed a net outflow of CNY -101,966,773.27, compared to CNY -100,443.72 in the previous year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,399[10] - The top ten shareholders held 48.63% of the shares, with the largest shareholder holding 78,402,600 shares[10] - The company reported a total equity attributable to shareholders of ¥1,642,874,166.17 in Q1 2021, up from ¥1,045,377,774.89 in Q4 2020, indicating an increase of approximately 57.16%[19] Expenses - The company recorded a 117.65% increase in selling expenses, rising to ¥3,956,760.64 from ¥1,817,936.56, primarily due to increased market investments[12] - Research and development expenses for Q1 2021 were CNY 8,892,349.64, up from CNY 7,859,985.23 in Q1 2020, indicating a focus on innovation[25] - Financial expenses in Q1 2021 were CNY 3,218,506.37, compared to CNY 2,941,730.31 in Q1 2020, showing an increase in interest expenses[25] Other Financial Metrics - Weighted average return on equity increased by 0.38 percentage points to 1.17%[6] - The company reported a credit impairment loss of CNY 2,142,530.17 in Q1 2021, a significant improvement from a loss of CNY 8,646,446.01 in Q1 2020[25] - The company did not report any net profit from subsidiaries in the current period, maintaining focus on core operations[27]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.42 billion, a decrease of 4.30% compared to ¥1.49 billion in 2019 [20]. - Net profit attributable to shareholders was approximately ¥109.74 million, down 22.48% from ¥141.56 million in 2019 [20]. - Basic earnings per share decreased to ¥0.91, a decline of 22.22% from ¥1.17 in 2019 [21]. - The weighted average return on equity fell to 11.08%, a decrease of 5.30 percentage points from 16.38% in 2019 [21]. - The company's total assets at the end of 2020 were approximately ¥2.93 billion, a slight decrease of 0.17% from ¥2.94 billion in 2019 [20]. - Cash flow from operating activities showed a significant improvement, with a net cash flow of approximately ¥17.68 million compared to a negative cash flow of ¥140.83 million in 2019 [20]. - The company achieved a revenue of ¥1,424,936,454.71 and a net profit of ¥109,742,502.34 for the year 2020 [43]. - The company reported a net profit of CNY 110,335,938.67, down 22.02% year-on-year, while net profit attributable to shareholders was CNY 109,742,502.34, a decrease of 22.48% [48]. - Total assets as of December 31, 2020, amounted to CNY 2,934,555,938.28, a slight decrease of 0.17% from the end of the previous year [48]. - The gross profit margin for the main business was 20.92%, an increase of 1.60 percentage points compared to the previous year [55]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling approximately 16,123,740.80 yuan based on a total share capital of 161,237,408 shares [5]. - The company implements a stable, sustainable, and reasonable profit distribution policy, prioritizing cash dividends, with a minimum of 10% of distributable profits allocated annually as cash dividends when profitable [95]. - In 2020, the company's net profit attributable to ordinary shareholders was 109,742,502.34 RMB, resulting in a cash dividend payout ratio of 14.69% [107]. - The company aims to distribute at least 30% of the average distributable profits over the last three years in cash dividends [96]. - The board of directors is responsible for ensuring that the profit distribution policy aligns with the company's operational status and financial health [100]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants [4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management [8]. - The audit report confirmed that the financial statements present a fair view of the company's financial position as of December 31, 2020 [181]. - The company has no significant uncertainties regarding its ability to continue as a going concern, based on the audit evidence obtained [188]. Industry and Market Position - The company operates in the landscaping industry, focusing on municipal public landscaping projects and ecological restoration [30]. - The landscaping industry in China has entered a rapid development phase due to urbanization and increased government focus on urban greening, with significant growth opportunities arising from policies promoting "garden cities" and "eco-cities" [32]. - The company holds a prominent position in the industry, serving in leadership roles within various associations, enhancing its reputation and influence [34]. - The company aims to become a leading enterprise in ecological construction services by enhancing planning design and technology R&D investments, focusing on ecological restoration and construction [86]. Risk Management - The company has detailed various risk factors it may face during operations in the report [7]. - The company faces macroeconomic risks, as its business is heavily reliant on government investment, particularly in municipal landscaping projects [90]. - Operational funding risks are present due to the company's reliance on timely payments from clients for project progress, which can affect cash flow and business sustainability [92]. - The company is at risk of bad debts and inventory depreciation losses due to the increasing scale of its landscaping projects and potential delays in payment from clients [92]. Research and Development - The company has completed 60 R&D technology projects and obtained 67 patents, including 32 invention patents and 35 utility model patents [39]. - The company has established partnerships with several universities and research institutions, enhancing its talent management and development [41]. - The company is focusing on research and development of new products to meet market demands [162]. Corporate Governance - The company has a strong governance structure with independent directors overseeing its operations [164]. - The company has established a reasonable performance evaluation system and incentive mechanism for senior management, linking compensation to company performance [176]. - The company conducted a total of 8 board meetings in 2020, with all procedures compliant with relevant laws and regulations [172]. Shareholder Relations - The company will communicate with shareholders, especially small and medium-sized shareholders, through various channels to gather their opinions before the profit distribution plan is finalized [101]. - The company has established a dividend return plan to ensure continuous and stable returns to shareholders, particularly small and medium-sized investors [99]. - The company has committed to not transferring or managing shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding [110].