证券代码：900957 证券简称：凌云 B 股 公告编号：2024-001 上海凌云实业发展股份有限公司 关于为全资子公司提供担保的进展公告 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、准确性和完整性承 担法律责任。 重要内容提示： 一、担保情况概述 上海凌云实业发展股份有限公司（以下简称"公司"）于 2023 年 4 月 26 日召开的第八届董事会第十三次会议审议通过《2023 年度为 靖远德祐新能源有限责任公司提供担保额度 50000 万元的议案》，该 议案经 2023 年 5 月 11 日 2022 年年度股东大会审议通过。 由于新能源补贴资金拖欠十分严重，为保证资金安全，靖远德祐 与金融机构协商，拟将存量贷款进行重组，即由一到两家金融机构作 为主办行，重新做授信额度，授信总额度不超过 50,000 万元，以优 化还款期限和降低融资成本，公司继续为借款提供不超过 50,000 万 元的担保，具体的担保金额、期限，依据公司与金融机构签署的担保 合同为准。公司股东大会授权董事长在上述额度范围内签署相关的担 保合同并办理担保手续。授权期限自 2022 ...

Financial Performance - The company's operating revenue for Q3 2023 was CNY 32,666,000.56, representing a year-over-year increase of 9.54%[4] - Net profit attributable to shareholders for the same period was CNY 12,145,266.24, reflecting a significant increase of 47.31% compared to the previous year[4] - The basic earnings per share for Q3 2023 was CNY 0.0348, which is up by 47.31% year-over-year[4] - Total operating revenue for the first three quarters of 2023 was ¥94,423,257.15, a slight decrease of 0.09% compared to ¥94,511,479.51 in the same period of 2022[17] - Net profit for the first three quarters of 2023 reached ¥31,440,584.60, an increase of 3.92% from ¥30,256,726.53 in 2022[18] - Earnings per share for the first three quarters of 2023 were ¥0.0901, compared to ¥0.0868 in the same period of 2022, reflecting a growth of 3.81%[19] - The net profit for Q3 2023 was CNY 7,792,837.77, a decrease of 30.5% compared to CNY 11,215,883.56 in Q3 2022[29] - Basic and diluted earnings per share for Q3 2023 were CNY 0.0223, down from CNY 0.0321 in Q3 2022, reflecting a decline of 30.5%[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 1,060,743,496.42, showing a slight decrease of 0.53% from the previous year[5] - The total current assets amounted to CNY 369,112,954.67, compared to CNY 355,561,399.48 in the previous year[14] - The company's total assets were CNY 1,060,743,496.42, slightly down from CNY 1,066,446,596.43 at the end of the previous year[14] - The total liabilities decreased to CNY 462,377,089.98 from CNY 499,520,774.59 in the previous year[15] - The company's total liabilities increased slightly to CNY 99,193,240.54 from CNY 98,491,959.80 at the end of 2022[25] - The total equity attributable to shareholders of CNY 597,513,979.25, which is an increase of 5.55% from the previous year[5] - The total equity of the company as of September 30, 2023, was CNY 501,168,507.38, compared to CNY 493,375,669.61 at the end of 2022[25] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 24,417,606.72, which is an increase of 47.71% compared to the same period last year[4] - The net cash flow from operating activities for Q3 2023 was CNY 24,417,606.72, an increase of 47.5% compared to CNY 16,530,792.89 in Q3 2022[21] - Cash generated from operating activities in the first three quarters of 2023 was ¥59,854,837.74, significantly higher than ¥46,763,443.76 in 2022, marking an increase of 27.93%[20] - Total cash inflow from operating activities for the first three quarters of 2023 was CNY 10,099,405.49, compared to CNY 2,732,463.05 in 2022, indicating a growth of 269.5%[31] - The net cash flow from financing activities was negative at CNY -52,943,958.95, compared to CNY -20,517,531.59 in Q3 2022, indicating increased cash outflows[22] Investments and Expenses - The company reported an investment income of ¥8,665,021.99 for the first three quarters of 2023, down from ¥10,957,447.57 in the same period last year, indicating a decline of 20.92%[17] - The financial expenses for the first three quarters of 2023 were ¥18,594,771.92, a decrease of 5.63% from ¥19,699,976.02 in 2022[17] - The investment income for the first three quarters of 2023 was CNY 8,446,669.18, down from CNY 10,913,613.67 in the same period last year[28] - The management expenses for the first three quarters of 2023 were CNY 2,805,385.49, an increase from CNY 2,134,952.17 in the previous year[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,490[8] - The total equity attributable to shareholders as of the end of Q3 2023 was ¥598,366,406.44, an increase from ¥566,925,821.84 at the end of Q3 2022, reflecting a growth of 5.53%[16] Operational Insights - The company reported significant cash flow pressure due to high financial costs and delays in receiving new energy subsidies[11] - The company’s management indicated a focus on improving operational efficiency and exploring new market opportunities moving forward[33]

证券代码：900957 证券简称：凌云 B 股 公告编号：2023-014 上海凌云实业发展股份有限公司 关于公司持股 5%以上股东股份被解除质押及再质押的公告 二、股份再质押情况 公司2023年8月24日获悉，广州诺平将其所持有的本公司全 部股份再次进行质押，具体情况如下。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 一、公司股份被解除质押 公司 2023 年 8 月 24 日获悉，广州诺平所持有的本公司股份 被解除质押，基本情况如下表： | 股东名称 | 广州诺平投资有限公司 | | | | | --- | --- | --- | --- | --- | | 本次解除质押股份 | | 4108 | 万股 | | | 占其所持股份比例 | | | 100.00% | | | 占公司总股本比例 | | | 11.77% | | | 解除质押时间 | 2023 年 | 8 | 月 23 | 日 | | 持股数量 | | | 4108 万股 | | | 持股比例 | | | 11.77% | | | 剩余被质 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥61,757,256.59, a decrease of 4.53% compared to ¥64,689,599.26 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was ¥19,298,679.35, down 12.47% from ¥22,048,239.05 in the previous year[21]. - The net cash flow from operating activities was negative at -¥5,821,243.79, compared to a positive cash flow of ¥4,938,014.39 in the same period last year[21]. - Basic earnings per share for the first half of 2023 were ¥0.0553, a decrease of 12.50% from ¥0.0632 in the same period last year[22]. - The weighted average return on net assets was 3.35%, down 0.76 percentage points from 4.11% in the previous year[22]. - The company achieved a settlement electricity volume of 79.45 million kWh in the first half of the year, a decrease of 3.69 million kWh or 4.44% compared to the same period last year[27]. - The operating revenue for the first half of the year was 61.76 million RMB, down 293.23 thousand RMB or 4.53% year-on-year[27]. - The net profit attributable to shareholders was 19.30 million RMB, a decrease of 274.96 thousand RMB or 12.47% compared to the previous year[27]. - The company reported a significant cash flow deficit from operating activities of -5.82 million RMB, compared to a positive cash flow of 4.94 million RMB in the same period last year[31]. - Total operating revenue for the first half of 2023 was CNY 61,757,256.59, a decrease of 4.3% compared to CNY 64,689,599.26 in the first half of 2022[74]. - Net profit for the first half of 2023 was CNY 19,296,690.03, representing a decline of 12.3% from CNY 22,013,665.53 in the first half of 2022[75]. - Cash received from sales of goods and services was CNY 18,344,235.87, down 12.0% from CNY 20,863,311.34 in the first half of 2022[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,067,733,802.62, a slight increase of 0.12% from ¥1,066,446,596.43 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 3.41% to ¥585,368,713.01 from ¥566,070,033.66 at the end of the previous year[21]. - The company's accounts receivable reached 364 million RMB, an increase of 52 million RMB from the previous year-end[29]. - The company's trading financial assets decreased by 92.40% to CNY 1,520,000 from CNY 20,001,087.41[33]. - Accounts receivable financing dropped by 59.33% to CNY 474,110 from CNY 1,165,630.74[33]. - Deferred tax assets increased by 39.78% to CNY 4,221,340.31 from CNY 3,020,071.46, primarily due to accounts receivable related to new energy subsidies[33]. - Accounts payable decreased by 64.30% to CNY 1,111,944.75 from CNY 3,114,724.75, indicating reduced payments to suppliers[33]. - Other current liabilities surged by 466.32% to CNY 3,114,752.48 from CNY 550,000, reflecting provisions for maintenance costs and audit fees[33]. - Total liabilities decreased from CNY 499,520,774.59 in December 2022 to CNY 481,511,290.75 in June 2023, a reduction of approximately 3.5%[70]. - Total equity increased from CNY 566,925,821.84 in December 2022 to CNY 586,222,511.87 in June 2023, reflecting a growth of about 3.5%[71]. - The company's total assets rose from CNY 591,867,629.41 in December 2022 to CNY 598,200,792.46 in June 2023, an increase of approximately 1.8%[72]. - The company's total equity attributable to shareholders rose from CNY 566,070,033.66 in December 2022 to CNY 585,368,713.01 in June 2023, reflecting an increase of about 3.5%[70]. Cash Flow - The net cash flow from operating activities was -5,821,243.79 RMB, a decrease from 4,938,014.39 RMB in the previous period[81]. - Total cash inflow from investment activities was 106,770,861.61 RMB, significantly higher than 30,612,437.02 RMB in the same period last year[81]. - The net cash flow from investment activities was 18,617,027.62 RMB, compared to 8,643,390.41 RMB in the previous year[81]. - Cash outflow from financing activities totaled 26,596,712.03 RMB, up from 13,968,217.51 RMB in the prior period[82]. - The net cash flow from financing activities was -26,596,712.03 RMB, reflecting an increase in cash outflows compared to -13,968,217.51 RMB last year[82]. - The ending balance of cash and cash equivalents was 26,891,078.95 RMB, down from 40,692,005.88 RMB at the beginning of the period[82]. - The cash and cash equivalents decreased to CNY 27,408,278.95 from CNY 41,209,205.88, indicating a decline of about 33.4%[68]. - The cash and cash equivalents net increase was -13,800,926.93 RMB, compared to -386,811.08 RMB in the prior period[82]. Management and Governance - The company has elected a new board of directors and management team, indicating a potential shift in strategic direction[45]. - No profit distribution or capital reserve increase plans were proposed for the half-year period[46]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[50]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, is 0, while guarantees to subsidiaries amount to 46,170,000 RMB[56]. - The total guarantee amount, including those to subsidiaries, is 46,170,000 RMB, which accounts for 78.87% of the company's net assets[56]. - The company had a total of 21,668 common shareholders by the end of the reporting period[60]. - The largest shareholder, Guangzhou Jiaye Investment Group Co., Ltd., holds 29.62% of the shares, amounting to 103,370,000 shares, all of which are pledged[61]. - The second-largest shareholder, Guangzhou Noping Investment Co., Ltd., holds 11.77% of the shares, amounting to 41,080,000 shares, all of which are also pledged[61]. - There were no changes in the total number of shares or the capital structure during the reporting period[58]. - The company reported no changes in the status of strategic investors or major shareholders during the reporting period[63]. Risks and Challenges - The company faces significant pressure due to delayed renewable energy subsidy payments, impacting its cash flow and operational stability[29]. - The company faces significant risks including operational risks in photovoltaic power generation and potential fluctuations in electricity prices[40]. - The company has over CNY 364 million in overdue renewable energy subsidy payments, which poses a substantial payment risk[40]. - The management expenses increased by 27.14% year-on-year, primarily due to higher legal service fees, employee costs, and travel expenses[31]. Future Outlook - The report includes a risk statement regarding potential future plans and development strategies, advising investors to be cautious[5]. - The company plans to focus on market expansion and new product development in the upcoming quarters[75]. - Future guidance indicates a positive outlook for revenue growth, supported by strategic investments in new technologies and market segments[90]. - The company plans to continue its market expansion efforts, focusing on enhancing product offerings and technological advancements[90]. Compliance and Accounting Policies - The financial statements are prepared based on the principle of going concern, ensuring the company's ability to continue its operations[105]. - The accounting policies comply with the requirements of enterprise accounting standards, reflecting the company's financial status accurately[106]. - The company’s accounting period runs from January 1 to December 31 each year, with a 12-month operating cycle[108]. - The company has not changed its scope of consolidated financial statements, which includes subsidiaries such as Shanghai Kangli Industrial Co., Ltd. and Gansu Deyou Energy Technology Co., Ltd.[103]. - The company consolidates financial statements for the entire corporate group as a single accounting entity, reflecting overall financial status, operating results, and cash flows[112].

证券代码：900957 证券简称：凌云 B 股 公告编号：2023-012 上海凌云实业发展股份有限公司 关于召开 2022 年度业绩说明会的公告 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、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 06 月 01 日(星期四) 至 06 月 07 日(星期 三)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 900957dm@elingyun.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。 上海凌云实业发展股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 日发布公司 2022 年度报告，为便于广大投资者更全面深入 地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 06 月 08 日 下午 13:00-14:00 举行 2022 年度业绩说明会，就投资者关 心的问题进行交流。 一、 说明会类型 会议召开 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 30,541,232.85, representing a year-on-year increase of 4.21%[2] - The net profit attributable to shareholders for the same period was CNY 8,721,153.37, reflecting a growth of 12.14% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,760,389.17, up by 12.65% year-on-year[2] - The basic earnings per share for Q1 2023 was CNY 0.0250, an increase of 12.11% from the same period last year[2] - The net profit attributable to the parent company was CNY 31.24 million, compared to CNY 22.52 million in the same period last year, reflecting a growth of approximately 38.5%[12] - Total operating revenue for Q1 2023 was ¥30,541,232.85, an increase of 4.22% compared to ¥29,306,211.75 in Q1 2022[15] - Net profit for Q1 2023 reached ¥8,720,130.76, representing a 12.13% increase from ¥7,775,743.08 in Q1 2022[16] - The company reported a total profit of ¥9,805,721.53 for Q1 2023, an increase of 16.38% from ¥8,423,812.21 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 4,760,774.12, a decline of 124.14% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥4,760,774.12, worsening from a net outflow of ¥2,124,002.43 in Q1 2022[19] - The company reported a cash balance of CNY 46.67 million, an increase from CNY 41.21 million year-on-year[10] - Cash and cash equivalents at the end of Q1 2023 totaled ¥46,157,494.00, significantly up from ¥1,168,757.72 at the end of Q1 2022[20] - The company's cash flow from operating activities showed a slight positive net cash flow of CNY 28,350.20 in Q1 2023, compared to a negative cash flow of CNY -447,568.57 in Q1 2022[29] - The net increase in cash and cash equivalents was $28,349.75[30] - The ending balance of cash and cash equivalents reached $238,606.94[30] - The beginning balance of cash and cash equivalents was $210,257.19[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,070,059,261.75, a slight increase of 0.34% from the end of the previous year[3] - The total current assets amounted to CNY 365.84 million, up from CNY 355.56 million year-on-year[11] - The total assets of the company were CNY 1,070.06 million, slightly increasing from CNY 1,066.45 million at the end of the previous year[12] - The company's total liabilities decreased to CNY 494.41 million from CNY 499.52 million year-on-year[12] - The total current assets amounted to CNY 1,076,106.94 as of March 31, 2023, up from CNY 1,034,757.19 at the end of 2022, indicating an increase of approximately 4%[23] - The total liabilities stood at CNY 98,790,058.02 as of March 31, 2023, slightly up from CNY 98,491,959.80 at the end of 2022[24] - The total non-current liabilities were CNY 382.13 million, marginally down from CNY 382.67 million year-on-year[12] Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 574,791,187.03, up by 1.54% from the previous year-end[3] - The weighted average return on equity decreased by 0.13 percentage points to 1.53%[2] - The company has no significant changes in its major shareholders' equity structure, maintaining stability in ownership[9] Expenses and Taxation - The income tax expense increased by 67.51% due to higher income from a wholly-owned subsidiary, leading to an overall increase in profit[5] - The company incurred a tax expense of ¥1,085,590.77 in Q1 2023, up from ¥648,069.13 in Q1 2022[16] - The company's management expenses decreased to CNY 838,326.00 in Q1 2023 from CNY 921,058.41 in Q1 2022, reflecting a reduction of approximately 9%[26] Non-Recurring Items - The company reported a non-recurring loss of CNY 39,235.80, primarily due to a donation expense of CNY 100,000[5] - The company’s investment income for Q1 2023 was ¥2,866,147.24, down from ¥5,041,729.82 in the same period last year[15] - The company reported other income of CNY 766.66 in Q1 2023, which was not reported in Q1 2022[26] Management and Reporting - The report was released on April 26, 2023[30] - The company is led by Yu Aixin, with accounting responsibilities held by Lian Aiqin[30] - The company is not applying new accounting standards for the current year[30] - The company faces significant financial risks due to potential delays in receiving new energy subsidies[9]

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of 40.50 million RMB, an increase of 46.39% compared to 27.66 million RMB in 2021[6]. - The total operating revenue for 2022 was 119.91 million RMB, reflecting a growth of 6.05% from 113.07 million RMB in 2021[20]. - The net cash flow from operating activities surged to 77.40 million RMB, marking a significant increase of 258.88% compared to 21.57 million RMB in 2021[20]. - The basic earnings per share for 2022 was 0.1160 RMB, representing a 46.28% increase from 0.0793 RMB in 2021[21]. - The weighted average return on equity increased to 7.42% in 2022, up from 5.41% in 2021, an increase of 2.01 percentage points[21]. - The net profit after deducting non-recurring gains and losses was 43.49 million RMB, a 75.48% increase from 24.78 million RMB in 2021[20]. - The company reported a consolidated net profit attributable to shareholders of 40.50 million RMB, which is an increase of 46.39% year-on-year[33]. - The company reported a net profit of CNY 22,522,041.61 in 2022, a turnaround from a loss of CNY 17,973,852.37 in 2021[144]. - Net profit for 2022 was CNY 40,552,488.12, representing a 46.3% increase compared to CNY 27,645,754.80 in 2021[150]. Cash Flow and Assets - The company's total assets at the end of 2022 reached 1.07 billion RMB, up 4.19% from 1.02 billion RMB at the end of 2021[20]. - The total assets at the end of the period amounted to ¥1,067,000,000, with cash and cash equivalents representing 3.86% of total assets, up from 0.12% in the previous period[48]. - The company reported a significant increase in cash and cash equivalents to ¥41,209,205.88, a rise of 3,386.79% compared to the previous year[48]. - Cash flow from operating activities increased significantly to ¥77,396,124.01 in 2022, compared to ¥21,566,143.70 in 2021[157]. - The total equity at the end of the period is CNY 485,278,898.22, reflecting a decrease of CNY 65,502,542.88 compared to the previous year[178]. Operational Highlights - The total electricity settlement for the subsidiary reached 15,897.25 million kWh in 2022, a year-on-year increase of 3.92%[28]. - The company received CNY 7,829.82 million in subsidy funds, with accounts receivable for renewable energy subsidies increasing to CNY 30,973.63 million by the end of the reporting period[28]. - The photovoltaic industry saw a 59.3% year-on-year increase in newly installed capacity, reaching 87.4 GW in 2022[29]. - The average utilization rate of photovoltaic power generation in China was 98.3% in 2022, with Gansu province maintaining a rate of 98.2%[29]. - The company faced significant financial pressure due to delayed subsidy payments, impacting operational stability[28]. Governance and Compliance - The company has not reported any significant changes or adjustments in its business, products, or services during the reporting period[42]. - The company has maintained a governance structure that complies with legal and regulatory requirements without significant discrepancies[70]. - The company has not engaged in any related party transactions that would affect its independence[70]. - The company has established a system for registering insiders of confidential information, ensuring compliance with regulations regarding information disclosure[70]. - The company has not reported any major contracts or their performance during the reporting period[113]. Shareholder Information - The largest shareholder, Guangzhou Jiaye Investment Group Co., Ltd., holds 103,370,000 shares, representing 29.62% of the total shares, all of which are pledged[118]. - The second largest shareholder, Guangzhou Noping Investment Co., Ltd., holds 41,080,000 shares, accounting for 11.77% of the total shares, also fully pledged[118]. - The company has a total of 5 shareholders holding more than 5% of the shares, with no known relationships among them[119]. - The controlling shareholder, Guangzhou Jiaye Investment Group Co., Ltd., has pledged all its shares to secure a loan of 5.9 billion RMB, due in December 2023[124]. Audit and Financial Reporting - The audit opinion confirmed that the financial statements fairly reflect the financial position and operating results for the year ended December 31, 2022[131]. - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring the reliability of the financial reporting process[133]. - The financial statements include a consolidated balance sheet as of December 31, 2022, reflecting the company's financial health[141]. - The audit firm provided a clean audit opinion, indicating no significant issues were found during the audit process[131]. - The company has maintained compliance with Chinese accounting standards in preparing its financial statements[131]. Future Outlook - The company anticipates an overall recovery in the economy in 2023, with electricity consumption expected to grow by approximately 6% compared to 2022[30]. - The company plans to enhance its power station operation and maintenance system to ensure safe and stable operations in 2023[63]. - The company aims to expand electricity sales channels and maximize power station output indicators in 2023[63].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥64,689,599.26, representing a 15.39% increase compared to ¥56,060,760.11 in the same period last year[21] - The net profit attributable to shareholders for the first half of 2022 was ¥22,048,239.05, a significant increase of 47.88% from ¥14,909,818.13 in the previous year[21] - The basic earnings per share for the first half of 2022 was ¥0.0632, up 48.01% from ¥0.0427 in the same period last year[22] - The cash flow from operating activities for the first half of 2022 was ¥4,938,014.39, a recovery from a negative cash flow of ¥785,437.93 in the same period last year[21] - The weighted average return on net assets for the first half of 2022 was 4.11%, an increase of 1.16 percentage points compared to 2.95% in the previous year[22] - The company achieved a settlement electricity volume of 83.14 million kWh, an increase of 6.55 million kWh or 8.55% year-on-year[29] - The operating revenue reached RMB 64.69 million, up RMB 8.63 million or 15.39% compared to the previous year[29] - The net profit attributable to shareholders was RMB 22.05 million, reflecting a year-on-year increase of RMB 7.14 million or 47.88%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,045,283,539.34, reflecting a 2.12% increase from ¥1,023,536,692.02 at the end of the previous year[21] - The net assets attributable to shareholders increased by 4.20% to ¥547,622,378.73 from ¥525,574,139.68 at the end of the previous year[21] - The total liabilities decreased slightly from CNY 497,163,358.30 to CNY 496,896,540.09, indicating a reduction of about 0.05%[67] - The total equity attributable to shareholders rose from CNY 525,574,139.68 to CNY 547,622,378.73, marking an increase of approximately 4.2%[67] - The company's short-term loans amounted to CNY 25 million, showing a slight decrease of 0.18% compared to the previous period[36] - Long-term loans stood at CNY 386.6 million, reflecting a marginal increase of 0.15% from the last period[36] - The total restricted assets reached CNY 453.26 million, primarily due to collateral for bank loans[37] Cash Flow and Financial Management - The cash flow from operating activities was RMB 4.94 million, a significant improvement from a negative RMB 0.79 million in the previous year[35] - The company's financial expenses decreased by 4.68% year-on-year, amounting to RMB 13.06 million[35] - The company's cash and cash equivalents decreased from CNY 1,181,867.78 to CNY 795,056.70, representing a decline of approximately 32.6%[65] - The total cash inflow from operating activities was 1,770,405.29 RMB, while total cash outflow was 3,007,655.70 RMB, leading to a net cash outflow of 1,237,250.41 RMB[83] - The company reported a cash and cash equivalents balance of CNY 277,856.70 at the end of the first half of 2022, down from CNY 2,383,819.81 at the end of the first half of 2021[80] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 22,333[55] - The largest shareholder, Guangzhou Jiaye Investment Group Co., Ltd., holds 103,370,000 shares, representing 29.62% of the total shares[57] - The second largest shareholder, Guangzhou Noping Investment Co., Ltd., holds 41,080,000 shares, representing 11.77% of the total shares[57] Risk and Compliance - The report includes a risk statement regarding forward-looking statements, advising investors to be cautious of investment risks[5] - The company has not made any profit distribution or capital reserve transfer plans for this reporting period[4] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[6] - The company maintains a good integrity status, with no major debts or court judgments outstanding[47] Investment and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[71] - The company is committed to environmental protection, emphasizing the development of the photovoltaic industry as a clean energy source[44] - The management emphasized ongoing efforts in research and development to drive future growth and market expansion[90] Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption, ensuring the company's ability to continue its operations[101] - The company adheres to the accounting policies set forth by the Ministry of Finance, ensuring compliance with relevant accounting standards[102] - The company has not reported any changes in accounting policies or significant errors in prior periods that would affect the current financial statements[100] - The company confirms its share of assets and liabilities in joint operations, ensuring proper accounting treatment according to relevant standards[115] Inventory and Asset Management - Inventory is classified into categories such as raw materials, work in progress, and finished goods, with initial measurement based on procurement and processing costs[135] - The company uses the FIFO (First-In, First-Out) method for inventory valuation upon issuance[136] - The company adopts a perpetual inventory system for tracking inventory[138] Revenue Recognition - Revenue is recognized when the company fulfills its performance obligations, which occurs when the customer obtains control of the related goods or services[176] - The company recognizes revenue based on the progress of performance obligations over time, using either the output method or input method to determine progress[178] Lease Accounting - The company confirms the recognition of right-of-use assets for leases, excluding short-term and low-value asset leases, measured at cost including initial lease liabilities and direct costs[188] - Lease liabilities are initially measured at the present value of unpaid lease payments, using the company's incremental borrowing rate if the implicit rate cannot be determined[189] - The company does not recognize variable lease payments in the measurement of lease liabilities until they are incurred[190]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 29,306,211.75, representing a year-on-year increase of 5.09%[3] - The net profit attributable to shareholders for the same period was CNY 7,776,766.85, showing a decrease of 6.97% compared to the previous year[3] - The basic and diluted earnings per share were both CNY 0.022, reflecting a decrease of 6.97% from the previous year[3] - Net profit for Q1 2022 was CNY 7,775,743.08, a decrease of 7% from CNY 8,365,931.01 in Q1 2021[13] - Earnings per share for Q1 2022 were CNY 0.022, down from CNY 0.024 in Q1 2021[14] Cash Flow - The net cash flow from operating activities was negative at CNY -2,124,002.43, a decline of 49.15% year-on-year[3] - Cash flow from operating activities for Q1 2022 was CNY 7,405,484.51, up from CNY 6,210,624.32 in Q1 2021[16] - The net cash flow from operating activities was -$2,124,002.43, compared to -$1,424,026.71 in the previous year, indicating a decline in operational cash flow[17] - Total cash inflow from investment activities was $21,251,629.91, down from $25,895,533.92 year-over-year[17] - The net cash flow from investment activities was $9,037,429.91, a decrease from $16,799,036.92 in the prior year[17] - Cash received from operating activities totaled $7,413,551.55, up from $6,226,800.34 year-over-year[17] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,033,152,380.27, an increase of 0.94% from the end of the previous year[3] - Total liabilities as of Q1 2022 amounted to CNY 499,003,303.46, compared to CNY 497,163,358.30 in the previous year[12] - The total assets as of Q1 2022 were CNY 1,033,152,380.27, compared to CNY 1,023,536,692.02 in the previous year[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,314[6] - The top shareholder, Guangzhou Jiaye Investment Group Co., Ltd., held 29.62% of the shares, amounting to 103,370,000 shares, all of which were pledged[6] - The equity attributable to shareholders increased to CNY 533,350,906.53, up by 1.48% from the previous year-end[3] - Total equity attributable to shareholders was CNY 533,350,906.53, an increase from CNY 525,574,139.68 in Q1 2021[12] Investment and Financing Activities - Cash paid for investments was $12,090,000.00, an increase from $9,000,000.00 in the previous year[17] - Cash paid for taxes was $4,645,880.31, compared to $3,358,962.75 in the prior year, reflecting an increase in tax payments[17] - Cash outflow from financing activities totaled $6,409,337.41, slightly higher than $6,322,873.80 in the previous year[18] - The net increase in cash and cash equivalents was $504,089.94, significantly lower than $9,052,136.63 in the same quarter last year[18] - The ending balance of cash and cash equivalents was $1,168,757.72, compared to $24,673,905.28 at the end of the previous year[18] Impairment and Other Losses - The company reported a credit impairment loss of CNY -4,526,526.44 in Q1 2022, worsening from CNY -2,465,085.05 in Q1 2021[13] - The company reported a significant decrease in cash flow due to delays in receiving subsidies from Jingyuan Deyou New Energy[4]

Financial Performance - The company's net profit attributable to shareholders for 2021 was CNY 27.66 million, an increase of 26.85% compared to CNY 21.81 million in 2020[6]. - Total revenue for 2021 reached CNY 113.07 million, reflecting a growth of 13.75% from CNY 99.41 million in 2020[20]. - The basic earnings per share for 2021 was CNY 0.0793, up 26.88% from CNY 0.0625 in 2020[21]. - The net profit attributable to shareholders for the year was CNY 2,766 million, representing a year-on-year increase of 26.85%[29]. - The total operating revenue for 2021 was CNY 113,070,975.49, an increase of 13.4% compared to CNY 99,405,594.98 in 2020[170]. - Net profit for 2021 was CNY 27,645,754.80, up 26.5% from CNY 21,858,686.00 in 2020[171]. - The total comprehensive income for the year was CNY 27,663,115.82, indicating a significant recovery from the previous year's loss of CNY 67,445,869.63[188]. Assets and Liabilities - The company's total assets as of the end of 2021 were CNY 1.02 billion, a slight increase of 1.48% from CNY 1.01 billion at the end of 2020[20]. - The total assets and owners' equity amounted to CNY 580,104,385.13 and CNY 485,278,898.22 respectively at the end of 2021[168]. - Total liabilities decreased to CNY 497,163,358.30 in 2021 from CNY 509,834,418.24 in 2020, a reduction of approximately 2.5%[162]. - The company’s total liabilities to equity ratio improved to approximately 0.94 in 2021 from 1.02 in 2020, indicating a stronger financial position[162]. Cash Flow - The net cash flow from operating activities for 2021 was CNY 21.57 million, a decrease of 61.39% compared to CNY 55.85 million in 2020[20]. - Operating cash inflow for 2021 was CNY 81,470,860.39, a decrease of 3.3% from CNY 84,176,076.09 in 2020[175]. - Cash inflow from financing activities decreased to CNY 54,000,000.00 in 2021 from CNY 94,000,000.00 in 2020, a decline of 42.5%[176]. - The total cash and cash equivalents at the end of 2021 were CNY 664,667.78, down from CNY 15,621,768.65 at the end of 2020[176]. Operational Highlights - The total annual settlement electricity for the company reached 15,297 million kWh, an increase of 1,160 million kWh or 8.2% year-on-year, resulting in annual revenue of CNY 11,307 million, up 13.75%[29]. - The company's photovoltaic power station achieved a total settlement electricity of 15,297 million kWh, an increase of 1,160 million kWh, representing a growth rate of 8.2% year-on-year[36]. - The company faced significant pressure from delayed renewable energy subsidy payments, with receivables from subsidies reaching CNY 28,867 million by the end of 2021, an increase of CNY 6,924 million from the previous year[29]. Strategic Focus - The company plans to focus on risk management and has outlined potential risks in the annual report[8]. - The company is focusing on clean energy as a strategic emerging industry, with clear expectations for electricity revenue due to the long operational cycle and low maintenance costs of power station assets[35]. - The company plans to enhance its internal control system and improve management levels in 2022 to ensure sustainable development[70]. - The company aims to expand electricity sales channels and maximize output indicators in 2022[70]. Governance and Compliance - The board of directors consists of 6 members, including 2 independent directors, complying with legal and regulatory requirements[76]. - The company has established a performance evaluation and incentive mechanism, including a salary and allowance system for directors and a performance assessment system[76]. - The audit committee is chaired by an independent director with accounting expertise, ensuring effective oversight of financial matters[76]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters, with no instances of fund occupation or illegal guarantees as of December 31, 2021[75]. Challenges and Risks - The company is facing challenges with subsidy payments and financial support for renewable energy projects, which have not been resolved effectively[34]. - As of the end of 2021, the company faced a significant risk of subsidy payment delays, with nearly 290 million yuan in overdue payments[72]. - The company faced challenges related to regional power restrictions and pricing pressures due to rapid industry growth[72]. Shareholder Information - The largest shareholder, Guangzhou Jiaye Investment Group, holds 103,370,000 shares, representing 29.62% of total shares, all of which are pledged[134]. - The total number of ordinary shareholders as of the end of the reporting period is 22,442, an increase from 22,314 at the end of the previous month[132]. - The total number of shares held by the top ten shareholders with limited sale conditions is 159,000,000, which is a substantial portion of the company's equity[136]. Audit and Financial Reporting - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[149]. - The audit procedures included evaluating the internal controls related to accounts receivable management and assessing the reasonableness of management's estimates[152]. - The audit report was issued on April 18, 2022, by the accounting firm, confirming compliance with auditing standards[159].