Financial Performance - The company's operating revenue for 2022 was CNY 2,935,720,317.83, a decrease of 24.74% compared to CNY 3,900,886,604.75 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 179,656,152.73, down 43.01% from CNY 315,245,664.84 in 2021[23]. - The net cash flow from operating activities increased by 658.66% to CNY 390,942,888.22, compared to a negative cash flow of CNY 69,978,075.13 in 2021[23]. - Basic earnings per share for 2022 were CNY 0.89, a decline of 53.40% from CNY 1.91 in 2021[25]. - The company's total revenue for 2022 was CNY 293,572.03 million, a decrease of 24.74% compared to the previous year[109]. - The net profit attributable to shareholders was CNY 17,965.62 million, down 43.01% year-on-year[109]. - The comprehensive gross margin for the reporting period was 18.38%, showing a declining trend due to increased bargaining power of large customers[97]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 3.92% in 2022 from 3.64% in 2021[25]. - In 2022, the company's R&D expenses amounted to 115.16 million RMB, accounting for 3.92% of total revenue[35]. - The company increased its R&D personnel to 94, representing 14.6% of the total workforce, an increase of 13 from the previous year[35]. - Research and development investment totaled approximately 115.16 million yuan in 2022, a decrease of 18.93% from the previous year, while the R&D investment as a percentage of operating revenue increased to 3.92%[59]. - The company is focusing on developing new technologies and products in line with the "14th Five-Year Plan" for the petrochemical industry, emphasizing high-selectivity catalysis and clean energy utilization[50]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[8]. - The company has not experienced any special arrangements in corporate governance during the reporting period[9]. - The company has a governance structure in place that complies with relevant laws and regulations, ensuring independent and coordinated operations among its governing bodies[155]. - The company held a total of 5 shareholder meetings during the reporting period, all resolutions were approved without any being rejected[158]. - The company has committed to ensuring compliance with relevant laws and regulations in its shareholder meetings[158]. Risk Management - The company has outlined various risks in its operations, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - The company faces risks related to core technology talent loss, which could negatively impact product competitiveness and innovation capabilities[89]. - The company is exposed to raw material price volatility risks, which could significantly increase production costs if prices rise sharply[92]. - Environmental protection risks are heightened due to stricter regulations, potentially increasing the company's environmental investment and compliance costs[94]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.45 RMB per 10 shares, totaling approximately 49.65 million RMB, which represents 27.64% of the net profit attributable to shareholders[5]. - The cash dividend distribution plan will be submitted for approval at the 2022 annual general meeting of shareholders[193]. - The total cash dividend represents 27.64% of the net profit attributable to the parent company's shareholders in the consolidated financial statements[197]. - The company has established a three-year dividend return plan for 2022-2024[177]. Market and Industry Position - The company operates in the specialized equipment manufacturing industry for refining and chemical processes, primarily using a made-to-order production model[43]. - The petrochemical industry is a pillar of the national economy, with a significant market size and increasing production capacity, while the dependence on imported refining and chemical equipment is decreasing[44]. - The company has established long-term stable partnerships with leading enterprises such as Sinopec and PetroChina, contributing to a high market share in its products and services[49]. - The company is committed to expanding its market presence both domestically and globally, aiming for a full industry chain cluster model[147]. Innovation and Technology Development - The company has developed core technologies such as "cracking furnace modular technology" and "rare earth heat-resistant steel tube technology," which have received multiple national honors[47]. - The modular production method has been implemented, reducing on-site construction labor by approximately 50% and ensuring equipment manufacturing quality[48]. - The company is focusing on smart manufacturing as a key driver for transformation and upgrading in the petrochemical industry[45]. - The company is actively pursuing digital transformation and smart manufacturing, integrating industrial internet technologies into its production and management processes[53]. Employee and Talent Management - The company has a diverse workforce with 138 technical staff and 94 research personnel, contributing to its operational capabilities[189]. - The company’s training plan includes various programs such as new employee orientation and ongoing business training to enhance employee skills[192]. - The company is focused on talent development through a structured training program to enhance employee skills and ensure sustainable growth[152]. Financial Management - The company's total assets increased by 14.35% to CNY 769,173.45 million compared to the beginning of the year[110]. - The asset-liability ratio was 71.70%, which may restrict the company's ability to secure bank loans for ongoing development[99]. - The company plans to address a significant funding gap through issuing shares to specific investors and utilizing unused bank credit lines[103].

证券代码：688121 证券简称：卓然股份 公告编号： 2023-032 上海卓然工程技术股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩暨现金 分红说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 05 月 30 日(星期二) 下午 13:00-14:00 会 议 召 开 地 点 ： 上海证券 交易所上证路演中心（ 网址： http://roadshow.sseinfo.com/） 三、 参加人员 董事长：张锦红先生 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 05 月 23 日(星期二) 至 05 月 29 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 supezet@supezet.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 上海卓然工程技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布了公司《2022 年年度报告》以及《 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥54,992,751.29, representing a year-on-year increase of 65.29%[5] - The net profit attributable to shareholders was -¥77,924,890.16, with a non-applicable change[5] - The net loss for Q1 2023 was CNY 84,484,581.47, compared to a net loss of CNY 62,711,971.82 in Q1 2022, indicating a deterioration in performance[21] - Total operating revenue for Q1 2023 was CNY 54,992,751.29, a 65.2% increase from CNY 33,271,183.77 in Q1 2022[20] - Total operating costs for Q1 2023 were CNY 155,601,566.35, up from CNY 105,062,790.63 in Q1 2022, representing a 48.3% increase[20] - The total comprehensive loss for Q1 2023 was CNY 84,468,800.32, compared to a loss of CNY 62,776,997.45 in Q1 2022[22] Cash Flow - The cash flow from operating activities showed a net outflow of -¥59,124,804.05, a decrease of 139.03% compared to the previous year[6] - Cash inflow from operating activities in Q1 2023 was CNY 374,169,373.17, down from CNY 844,528,705.95 in Q1 2022, a decline of 55.8%[24] - Cash outflows from operating activities totaled 433,294,177.22 RMB, down from 693,043,943.04 RMB year-over-year[25] - The net cash flow from operating activities was -59,124,804.05 RMB, compared to 151,484,762.91 RMB in the previous period, indicating a significant decline[25] - The net cash flow from investing activities was -268,966,389.48 RMB, compared to -293,876,199.47 RMB in the previous period, showing a slight improvement[25] - Cash inflows from financing activities amounted to 746,661,568.90 RMB, down from 846,496,000.00 RMB year-over-year[26] - The net cash flow from financing activities was 568,446,462.45 RMB, compared to 324,592,968.27 RMB in the previous period, reflecting a positive trend[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,315,400,781.28, an increase of 8.11% from the end of the previous year[6] - The company's total assets reached CNY 8,315,400,781.28, an increase from CNY 7,691,734,455.39 at the end of 2022, representing a growth of approximately 8.1%[17] - The company's total liabilities reached CNY 6,220,464,260.45, up from CNY 5,514,956,308.46, indicating an increase of approximately 12.8%[19] - Total current liabilities rose to CNY 4,478,436,415.98 from CNY 4,364,645,897.16, marking an increase of approximately 2.6%[19] - Long-term borrowings increased significantly to CNY 1,695,873,568.90 from CNY 1,088,642,000.00, representing a growth of about 55.8%[19] - The equity attributable to shareholders decreased to CNY 1,962,487,061.92 from CNY 2,037,768,996.72, reflecting a decline of about 3.7%[19] Research and Development - Research and development expenses totaled ¥47,320,016.91, an increase of 50.42% year-on-year[6] - Research and development expenses increased to CNY 47,320,016.91 in Q1 2023, up from CNY 31,459,486.95 in Q1 2022, reflecting a 50.5% increase[20] - The proportion of R&D expenses to operating revenue was 86.04%, a decrease of 8.51 percentage points[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,026[12] - The largest shareholder, Zhang Jinhong, held 60,000,000 shares, accounting for 29.61% of the total shares[12] Other Financial Information - Basic and diluted earnings per share were both -¥0.38, with non-applicable changes[6] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.38, compared to CNY -0.29 in Q1 2022[22] - The company reported a credit impairment loss of CNY 16,749,409.09 in Q1 2023[21] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[16] - The company implemented new accounting standards starting in 2023, affecting the presentation of financial statements[26]

Financial Performance - The company's total revenue for 2022 was CNY 293,572.03 million, a decrease of 24.74% compared to 2021[25]. - The net profit attributable to shareholders for 2022 was CNY 17,965.62 million, down 43.01% from the previous year[25]. - Basic earnings per share for 2022 were CNY 0.89, a decline of 53.40% compared to CNY 1.91 in 2021[27]. - The company's gross profit margin for the reporting period was 18.38%, showing a declining trend due to increased bargaining power of large customers[99]. - The company's total assets increased by 14.35% to CNY 769,173.45 million from CNY 672,670.15 million at the beginning of the year[108]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[168]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.45 RMB per 10 shares, totaling approximately 49.65 million RMB, which represents 27.64% of the net profit attributable to shareholders[5]. - The cash dividend distribution proposal will be submitted for approval at the company's 2022 annual general meeting[190]. - The total cash dividend represents 27.64% of the net profit attributable to the shareholders of the parent company in the consolidated financial statements[194]. - The company does not plan to increase capital through the conversion of capital reserves or distribute bonus shares[190]. Research and Development - The company's R&D expenditure as a percentage of revenue was 3.92%, an increase of 0.28 percentage points from 2021[27]. - In 2022, the company's R&D expenses amounted to 115.16 million RMB, accounting for 3.92% of total revenue[37]. - The company is focusing on developing new technologies and products in high-selectivity catalysis, high-efficiency membrane separation, and clean energy, aligning with the "14th Five-Year Plan" for the petrochemical industry[52]. - The company has established a comprehensive R&D system, collaborating with renowned research institutions and advanced technology manufacturers to enhance its technological capabilities and innovation efficiency[146]. Strategic Initiatives and Future Plans - The company is focusing on digital transformation, implementing a smart manufacturing operation management system[39]. - The company aims to enhance its core competitiveness through modular and integrated production manufacturing[40]. - The company is actively pursuing green energy initiatives to support energy structure adjustments and achieve carbon neutrality goals[36]. - The company plans to implement a three-year dividend return plan for 2022-2024[155]. Market Position and Competitive Advantage - The company has established long-term stable partnerships with leading enterprises such as Sinopec and PetroChina, enhancing its competitive advantage in the market[51]. - The company is focusing on expanding its market share in the domestic refining equipment manufacturing industry, driven by increasing production capacity and decreasing reliance on imports[114]. - The company has a strong project management capability, enhancing its competitive edge in the domestic market[114]. - The company is committed to maintaining its domestic market while expanding globally, aiming for a full industry chain cluster model[145]. Risks and Challenges - The company has outlined various risks in its operations, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - Fluctuations in raw material prices pose a risk to the company's production costs, as they constitute a significant portion of overall expenses[94]. - The company faces risks related to core technology talent loss, which could impact product competitiveness and innovation capabilities[91]. - Environmental protection regulations may increase the company's investment and operational costs due to stricter standards and potential penalties[96]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not experienced any special arrangements in corporate governance during the reporting period[9]. - The company has a complete decision-making mechanism and clear standards for its cash dividend policy, which complies with the company's articles of association[192]. Employee and Management Compensation - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.42 million yuan[170]. - The total compensation for the chairman, Zhang Jinhong, was 820,900 CNY, with no change in shareholding during the reporting period[161]. - The company emphasizes talent development and has established a comprehensive training development system, including new employee orientation and ongoing business training[189]. - The company implemented a restricted stock incentive plan during the reporting period, granting shares to 37 employees, significantly boosting employee motivation[188].

2022 年第三季度报告 证券代码：688121 证券简称：卓然股份 上海卓然工程技术股份有限公司 2022 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、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 2 / 15 2022 年第三季度报告 | 投资成本小于取得投 | | --- | | 资时应享有被投资单 | | 位可辨认净资产公允 | | 价值产生的收益 | | 非货币性资产交换损 | | 益 | | 委托他人投资或管理 | | 资产的损益 | | 因不可抗力因素，如 | | 遭受自然灾害而计提 | | 的各项资产减值准备 | | 债务重组损益 | | 企业重组费用 ...

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%[14]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, reflecting an expected growth of 10% compared to 2021[14]. - The company's operating revenue for the first half of 2022 was ¥1,680,698,613.25, a decrease of 10.36% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥82,734,743.76, down 21.00% year-on-year[20]. - The net cash flow from operating activities decreased by 73.90% to ¥132,139,923.97, primarily due to an increase in accounts receivable and procurement payments[22]. - Basic earnings per share were ¥0.41, a decline of 40.58% compared to the previous year[22]. - The weighted average return on net assets was 4.37%, a decrease of 9.94 percentage points from the same period last year[22]. - Total assets increased by 17.96% to ¥7,934,508,263.53 compared to the end of the previous year[20]. - The company's net assets attributable to shareholders rose by 4.78% to ¥1,939,431,883.85[20]. - The company reported a total revenue of 59,895 million RMB for the first half of 2022, with a gross profit of 21,057.44 million RMB[54]. User Growth and Market Expansion - User data indicates a growth in active users by 20%, reaching a total of 1 million users by June 30, 2022[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[14]. - The company has established a comprehensive marketing system, covering 24 provinces in China and 16 countries overseas, enhancing its brand image and market share[62]. Research and Development - The company has invested RMB 50 million in R&D for new technologies aimed at reducing production costs by 15%[14]. - Research and development expenses accounted for 3.79% of operating revenue, a decrease of 0.44 percentage points year-on-year[22]. - The number of R&D personnel remained stable at 84, with R&D personnel accounting for 13.13% of the total workforce, an increase from 12.09% in the previous year[57]. - Total compensation for R&D personnel increased to 805.35 million RMB, with an average salary of 9.59 million RMB, up from 7.20 million RMB last year[57]. - The company has obtained a total of 136 authorized patents and 18 software copyrights as of June 30, 2022, with 15 new patents granted in the first half of 2022[37]. Strategic Initiatives and Projects - New product development includes the launch of a cutting-edge EPC service, which is expected to enhance operational efficiency by 25%[14]. - A strategic acquisition of a local competitor is in progress, which is projected to increase the company's annual revenue by RMB 200 million[14]. - The company is currently working on projects such as a large-scale heating furnace with an expected total investment of ¥5,500 million and a catalytic dehydrogenation process technology optimization project with an expected investment of ¥3,500 million[43]. - The company is in the project initiation stage for a new butadiene extraction process with an investment of 3,000 million, aiming to reduce "three waste" emissions significantly[46]. - The company is developing a new catalytic cracking technology for full-fraction olefins, targeting a production capacity of 2,500 tons, which will reduce the olefin content in FCC gasoline while maintaining high octane values[49]. Operational Efficiency and Cost Management - The company is committed to reducing inventory costs and improving supply chain management to enhance operational efficiency[36]. - The company achieved a revenue of 2,770 million with a profit margin of 36.19% in the linear quenching heat exchanger segment, indicating a significant improvement in operational efficiency[44]. - The static casting process is expected to improve production efficiency and precision, significantly reducing product development cycles and manufacturing costs[45]. - The company is focusing on modular integration in its production processes to enhance efficiency and reduce costs[50]. Risk Management - The management highlighted potential risks including market volatility and supply chain disruptions, which could impact future performance[4]. - The company faces risks related to high customer concentration, seasonal revenue fluctuations, and raw material price volatility[70][72]. Environmental Commitment - The company emphasizes environmental protection by implementing a "prevention first, combined prevention and control" policy, ensuring compliance with environmental regulations[100]. - The company actively promotes waste reduction and recycling through production process improvements and internal environmental awareness campaigns[102]. Shareholder and Governance Commitments - The company will ensure that any share sales by major shareholders are disclosed and comply with relevant regulations[114]. - The company has established a commitment to maintain stable operations and control arrangements after any share reductions by major shareholders[113]. - The company guarantees that the contents of the prospectus do not contain any false records or misleading statements, and it will bear legal responsibility for the accuracy and completeness of the information[17]. - The company has committed to providing accurate and complete shareholder information in its prospectus, ensuring compliance with regulatory requirements[153]. Legal Matters - The company reported a lawsuit involving a contract dispute with Dagu Bay Petrochemical (Zhuhai) Co., Ltd., claiming a total amount of 17,173,128.39 RMB, which includes principal and penalty fees[157]. - The court ruled that Dagu Bay Petrochemical (Zhuhai) Co., Ltd. must pay the company 13,075,948.73 RMB in principal and 3,596,991.45 RMB in warranty fees, along with a penalty of 392,278.46 RMB[161]. - The company has confirmed its debt claim of 17,189,694.64 RMB in the bankruptcy proceedings of Dagu Bay Petrochemical[159]. - The company has no significant litigation or arbitration matters pending, indicating a stable legal environment[157].

Financial Performance - The company did not distribute cash dividends or bonus shares for the 2021 fiscal year, and no capital reserve was converted into share capital[5]. - The company reported a standard unqualified audit opinion from the accounting firm Xin Yong Zhong He[5]. - The company has not yet achieved profitability since its listing[4]. - The company’s total revenue and profit figures for 2021 are not provided in the extracted content, indicating a need for further financial details[13]. - The company's total revenue for 2021 reached CNY 3,900,886,604.75, representing a year-on-year increase of 43.02%[22]. - The net profit attributable to shareholders for 2021 was CNY 315,245,664.84, up 26.89% compared to 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 274,741,315.33, reflecting a growth of 30.75% year-on-year[22]. - The company's cash flow from operating activities showed a significant decline of 149.53%, resulting in a net outflow of CNY 69,978,075.13[24]. - The net assets attributable to shareholders increased by 172.49% to CNY 1,850,955,379.37, primarily due to the funds raised from the IPO and increased operating profits[24]. - Basic earnings per share for 2021 were CNY 1.91, a rise of 17.18% from the previous year[23]. - The company's total assets at the end of 2021 were CNY 6,726,701,461.78, which is a 5.47% increase from the previous year[22]. - The company's comprehensive gross margin was 18.51%, showing a declining trend due to increased customer bargaining power and larger project scales[93]. - The net profit attributable to the parent company was CNY 31,524.57 million, while the net cash flow from operating activities was -6,997.81 million, indicating cash flow challenges[94]. Operational Developments - The company faced various operational risks, which are detailed in the "Management Discussion and Analysis" section of the report[4]. - The company has a commitment to transparency and accuracy in its financial reporting, as stated by its management[5]. - The company has no non-operating fund occupation by controlling shareholders or related parties[7]. - The company has no violations of decision-making procedures regarding external guarantees[7]. - The company secured 4 new international project contracts and 31 domestic project contracts in 2021, enhancing its market presence[35]. - The company established a project lifecycle management system to enhance operational efficiency and reduce costs[38]. - The company is focused on digital transformation and standardization to improve operational management and profitability[38]. - The company has established long-term stable partnerships with major clients such as Sinopec and PetroChina, enhancing its market presence and reputation[48]. - The company has implemented advanced production equipment and management systems, ensuring high product quality and safety standards[79]. - The company has established a comprehensive marketing system, covering 21 provinces/municipalities in China and 16 countries overseas, effectively increasing market share[81]. Research and Development - The R&D expenditure as a percentage of revenue decreased to 3.64% from 4.82% in 2020, indicating a reduction of 1.18 percentage points[23]. - The company has increased its R&D investment to ¥14,204.24 million, a 7.96% increase from ¥13,156.45 million in the previous year[63]. - The company has obtained a total of 121 authorized patents and 18 software copyrights, with 39 new patents granted in 2021[60]. - The company is focusing on technological innovation and has developed proprietary technologies such as propane dehydrogenation processes, aiming to extend its product offerings into new materials and processes[50]. - The company is committed to achieving significant advancements in technology and product quality through ongoing research and development initiatives[71]. Market and Competitive Position - The petrochemical industry is experiencing a shift towards high-end talent cultivation and technological innovation, with increased competition due to rising demand for chemical materials[49]. - The market for refining and petrochemical equipment is expanding, with a decreasing reliance on imported equipment, indicating growth opportunities for domestic manufacturers[44]. - The company has received multiple accolades, including the National Technology Invention Award, reflecting its strong competitive position in the industry[48]. - The company has a strong competitive position in the domestic market due to its extensive project experience and management capabilities[110]. - The company is actively expanding its market presence and enhancing its product offerings through strategic contracts and partnerships[112]. Strategic Initiatives - The company aims to enhance its integrated design and manufacturing capabilities, providing intelligent and data-driven solutions to clients in the refining and petrochemical sectors[50]. - The company is focusing on market expansion through the development of new technologies and products, particularly in the petrochemical sector[66]. - The company plans to enhance its high-end manufacturing brand and increase brand awareness in both domestic and international markets[81]. - The company is investing in talent development, focusing on both internal training and external recruitment to enhance its workforce capabilities[147]. - The company is committed to ESG initiatives, focusing on governance, performance growth, and social responsibility, while promoting green operations and environmental harmony[154]. Risks and Challenges - The company faces risks related to the potential inability to recover accounts receivable, with accounts receivable at 155,995.37 million at the end of the reporting period[91]. - The company has a risk of raw material price fluctuations, which could significantly increase production costs if prices rise[88]. - The company is exposed to industry risks, including potential fluctuations in downstream demand and macroeconomic cycles affecting the petrochemical equipment manufacturing sector[98]. - The company faces risks associated with the uncertainty of research outcomes and potential project failures[85]. - The company has a structured governance framework, ensuring compliance with relevant laws and regulations, enhancing operational transparency[156]. Corporate Governance - The company held two shareholder meetings during the reporting period, with all proposed resolutions approved without any rejections[160]. - The chairman of the board holds 60 million shares, with a total pre-tax compensation of 788,800 RMB[162]. - The total number of shares held by the core technical personnel at the end of the reporting period is 61,088,000, with a total pre-tax compensation of 678,610 RMB[164]. - The company has a structured compensation policy that varies by employee category, including performance bonuses for management and sales teams[190]. - The company has implemented a performance evaluation mechanism for senior management based on annual operational performance[196].

Financial Performance - The company's operating revenue for Q1 2022 was ¥33,271,183.77, representing a decrease of 67.74% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥58,470,050.68, an increase in loss of 39.5% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥64,988,621.52, reflecting a 49.7% increase in loss compared to the previous year[5]. - The company reported a net profit margin of -142.86%, primarily due to the decline in revenue[9]. - Net loss for Q1 2022 was ¥62,711,971.82, compared to a net loss of ¥47,060,420.70 in Q1 2021, representing a 33.3% increase in losses[22]. - Basic and diluted earnings per share for Q1 2022 were both -¥0.29, compared to -¥0.28 in Q1 2021[23]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥151,484,762.91, down by 28.35% year-on-year[6]. - The net cash flow from operating activities for Q1 2022 was ¥151,484,762.91, a decrease from ¥211,418,980.38 in Q1 2021, reflecting a decline of approximately 28.3%[25]. - Total cash inflow from operating activities amounted to ¥844,528,705.95, while cash outflow was ¥693,043,943.04, resulting in a net cash inflow of ¥151,484,762.91[25]. - The net cash flow from investing activities was -¥293,876,199.47, compared to -¥144,012,226.25 in the previous year, indicating a significant increase in cash outflow for investments[26]. - Cash inflow from financing activities was ¥846,496,000.00, while cash outflow totaled ¥521,903,031.73, leading to a net cash inflow of ¥324,592,968.27[26]. - The ending balance of cash and cash equivalents was ¥625,814,917.38, up from ¥443,685,083.30 at the beginning of the period, representing an increase of approximately 40.9%[26]. - The company received tax refunds amounting to ¥16,811,440.51, which is a decrease from ¥4,445,189.42 in the previous year[25]. - Payments to employees increased to ¥37,192,745.42 from ¥29,149,186.00, reflecting a rise of approximately 27.5%[25]. - The company paid ¥14,709,665.25 in taxes, a decrease from ¥50,578,328.53 in the previous year, indicating a reduction of approximately 70.9%[25]. - The cash flow from financing activities was positively impacted by a significant increase in borrowings, with cash received from loans amounting to ¥846,496,000.00[26]. - The company reported a negative impact of -¥71,697.64 from foreign exchange fluctuations on cash and cash equivalents[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,040,058,353.33, a 4.66% increase from the end of the previous year[6]. - The company's total assets increased to ¥7,040,058,353.33 in Q1 2022 from ¥6,726,701,461.78 in Q1 2021, reflecting a growth of 4.67%[18]. - Total liabilities rose to ¥5,109,787,174.08 in Q1 2022, up from ¥4,733,595,812.36 in Q1 2021, indicating an increase of 7.95%[18]. - The company's total equity decreased to ¥1,930,271,179.25 in Q1 2022 from ¥1,993,105,649.42 in Q1 2021, a decline of 3.16%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,818[11]. - The top shareholder, Zhang Jinhong, held 60,000 shares, accounting for 29.61% of the total shares[11]. - The company reported a total of 10 major shareholders holding unrestricted circulating shares, with the largest being China Industrial Bank holding 4,720,673 shares[12]. Research and Development - Research and development expenses totaled ¥31,459,486.95, which accounted for 94.55% of operating revenue, an increase of 69.24 percentage points[6]. - Research and development expenses for Q1 2022 were ¥31,459,486.95, an increase of 20.5% from ¥26,108,732.71 in Q1 2021[22]. - The company has not disclosed any new product or technology developments during this reporting period[14]. Mergers and Acquisitions - There are no significant mergers or acquisitions reported in this quarter[14]. Future Guidance - The company has not provided specific future guidance or market expansion strategies in the current report[14].

Financial Performance - The company's operating revenue for Q3 2021 was ¥323,138,693.59, a decrease of 78.18% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥22,368,360.44, down 85.82% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,338,582.88, a decline of 97.71% compared to the previous year[5]. - The basic earnings per share for Q3 2021 were ¥0.15, down 85.58% compared to the same period last year[6]. - Net profit for the third quarter of 2021 was ¥105,933,742.27, a decrease of 41.83% from ¥181,992,133.37 in the same quarter of 2020[23]. - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.84, down from ¥1.20 in the same quarter of 2020[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,781,401,694.63, an increase of 6.33% from the end of the previous year[6]. - Total assets as of the end of the third quarter of 2021 amounted to ¥6,781,401,694.63, compared to ¥6,377,677,081.43 at the end of the third quarter of 2020, indicating a growth of 6.31%[19]. - Total liabilities decreased to ¥4,965,687,090.77 in the third quarter of 2021 from ¥5,523,728,391.89 in the same quarter of 2020, a reduction of 10.09%[19]. - Total liabilities amounted to approximately 5.52 billion, a decrease of 122.31 million compared to the previous period[32]. - Non-current liabilities totaled approximately 730.92 million, reflecting an increase of 116.42 million from the previous period[32]. Shareholder Information - The number of shareholders with voting rights at the end of the reporting period was 8,896, reflecting a stable shareholder base[13]. - The top shareholder, Zhang Jinhong, holds 60 million shares, representing 29.61% of the total shares, indicating a significant concentration of ownership[13]. - The second-largest shareholder, Ma Liping, owns 20 million shares, accounting for 9.87% of the total shares[14]. Research and Development - The R&D investment for Q3 2021 was ¥30,200,792.29, a decrease of 49.18% year-on-year, while the R&D investment as a percentage of operating revenue increased to 9.35%[6]. - Research and development expenses for the first three quarters of 2021 were ¥109,469,446.28, up from ¥87,344,243.92 in the same period of 2020, representing a growth of 25.38%[22]. - The company has not reported any new product launches or technological advancements during this reporting period[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥67,044,310.33, an increase of 27.88%[6]. - Net cash flow from operating activities for Q3 2021 was CNY 67,044,310.33, up from CNY 52,428,275.13 in Q3 2020, representing a growth of 27.8%[27]. - Total cash and cash equivalents at the end of Q3 2021 reached CNY 708,580,459.31, compared to CNY 85,501,748.46 at the end of Q3 2020, marking an increase of 727.5%[28]. - Cash inflow from financing activities in Q3 2021 was CNY 1,330,460,272.36, significantly higher than CNY 184,675,000.00 in Q3 2020, indicating a growth of 620.5%[28]. - The company’s cash inflow from operating activities in Q3 2021 was CNY 2,200,145,023.31, while cash outflow was CNY 2,133,100,712.98, resulting in a net cash inflow of CNY 67,044,310.33[27]. Future Outlook - The company has not provided specific future guidance or performance outlook in this report[16]. - There are no indications of market expansion or mergers and acquisitions in the current financial report[16]. - The company experienced delays in revenue recognition for some large projects due to objective factors such as power supply issues and natural disasters[11]. Accounting Changes - The company adopted a new leasing accounting standard effective January 1, 2021, which has been reflected in the financial statements[33].