Revenue and Profit - Revenue for Q3 2021 reached ¥657,628,182.17, a 42.04% increase compared to ¥462,998,187.84 in the same period last year[3] - Net profit attributable to shareholders was a loss of ¥26,965,424.33, a decrease of 196.49% from a profit of ¥27,947,259.43 in Q3 2020[3] - The net profit excluding non-recurring gains and losses was a loss of ¥39,026,942.89, down 478.43% from a profit of ¥10,312,723.62 in the same period last year[3] - Total operating revenue for the first nine months of 2021 reached ¥1,751,913,803.14, a 31.2% increase from ¥1,336,401,602.30 in the same period of 2020[18] - Net profit for the first nine months of 2021 was -¥48,030,400.94, compared to a net profit of ¥3,686,377.13 in 2020, indicating a significant decline[19] - Operating profit for the first nine months of 2021 was -¥56,018,899.95, compared to -¥697,687.15 in the same period of 2020[18] - The company reported a basic and diluted earnings per share of -0.049 for the first nine months of 2021, down from 0.005 in 2020[19] Cash Flow and Assets - Operating cash flow for the year-to-date increased to ¥4,865,672.01, a 105.03% improvement compared to a negative cash flow of ¥96,748,498.60 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥4,865,672.01, a recovery from -¥96,748,498.60 in the previous year[21] - Total cash and cash equivalents at the end of September 2021 were ¥307,613,826.55, compared to ¥264,749,384.32 at the end of September 2020[21] - The total assets at the end of the reporting period were ¥5,861,887,990.24, a 3.17% increase from ¥5,681,568,328.36 at the end of the previous year[3] - Current assets total 2,748,964,557.60 RMB, up from 2,501,631,171.59 RMB year-over-year[14] - The total assets of Iceberg Cold Technology Co., Ltd. as of October 1, 2021, amounted to CNY 5,681,568,328.36[22] Liabilities and Equity - Total liabilities are reported at 2,485,268,198.82 RMB, an increase from 2,232,362,040.64 RMB[16] - The company's equity attributable to shareholders is 3,309,504,058.37 RMB, down from 3,375,609,788.07 RMB[16] - The company has a short-term loan of 239,770,000.00 RMB, reduced from 282,971,600.00 RMB[15] - The company reported a long-term loan of CNY 160,000,000.00 and lease liabilities of CNY 14,622,463.75[23] - The company's total equity reached CNY 3,449,206,287.72, with the equity attributable to shareholders amounting to CNY 3,375,609,788.07[24] Expenses - Gross profit margin decreased by 2.77 percentage points due to rising raw material prices and intensified market competition[3] - R&D expenses increased by 40.39% year-on-year, reflecting higher investment in response to increased revenue[9] - Sales expenses rose by 44.06% year-on-year, driven by intensified market expansion efforts[9] - Total operating costs for the first nine months of 2021 were ¥1,818,095,119.51, an increase from ¥1,377,192,596.04 in 2020[18] - Research and development expenses increased to ¥54,388,434.55, up from ¥38,740,337.42 in 2020, reflecting a focus on innovation[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,977, with 32,312 A-share shareholders and 7,665 B-share shareholders[12] - The largest shareholder, Dalian Bingshan Group Co., Ltd., holds 20.27% of shares, totaling 170,916,934 shares[12] - The company sold 1,700,000 shares of Guotai Junan at an average price of 19.30 RMB per share, retaining 11,210,008 shares post-sale[13] Inventory and Investments - Inventory grew by 21.33% compared to the beginning of the year, attributed to new revenue recognition rules and increased project investments[8] - Inventory stands at 887,715,500.62 RMB, compared to 731,658,797.98 RMB at the end of 2020, reflecting a growth of approximately 21.4%[14] - The company reported a decrease in investment income from joint ventures by ¥34,930,000 due to increased credit impairment losses and rising raw material costs[3] - The company has a total of CNY 997,601,577.97 in undistributed profits[24] - The company reported a long-term equity investment of CNY 1,597,241,363.62[22] Financial Reporting and Standards - The company has not undergone an audit for the third quarter report[25] - The company has implemented a new leasing standard starting from 2021, resulting in adjustments to financial statements[22] - Fixed assets were adjusted down by CNY 23,969,420.20, while the right-of-use assets were increased by the same amount[24]

Financial Performance - Operating revenue for the reporting period was ¥482,267,734.29, reflecting a year-on-year increase of 4.54%[8] - Net profit attributable to shareholders decreased by 69.37% to ¥14,417,569.50 for the reporting period[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,143,470.72, down 72.33% year-on-year[8] - Basic earnings per share were ¥0.017, a decrease of 69.09% compared to the same period last year[8] - The weighted average return on net assets was 0.41%, a decrease of 0.99 percentage points from the previous year[8] Cash Flow and Financial Position - Cash flow from operating activities showed a net outflow of ¥144,478,049.04, an increase of 29.04% compared to the same period last year[8] - Total assets at the end of the reporting period reached ¥5,662,014,675.28, an increase of 0.75% compared to the end of the previous year[8] Financial Management and Investments - The company experienced a significant increase in financial expenses due to increased bank borrowings[16] - The company reported a decrease in government subsidies received compared to the previous year, impacting other income[16] - The initial investment cost in domestic and foreign stocks was CNY 27,098,895, with a fair value of CNY 501,871,535.40 at the beginning of the period[18] - The fair value change gain for the period was CNY 0.00, and the cumulative fair value change included in equity was CNY 380,538,009.30[18] Shareholder Activities - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[13] - The company did not engage in any entrusted financial management during the reporting period[19] - There were no derivative investments during the reporting period[20] Compliance and Governance - The company did not conduct any research, communication, or interview activities during the reporting period[21] - There were no violations regarding external guarantees during the reporting period[22] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[23] - The company reported a cumulative net profit forecast for the year that may result in a loss or significant change compared to the same period last year[18]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,029,078,536.79, representing a 2.66% increase compared to CNY 1,002,378,717.50 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 39.94% to CNY 59,017,542.28 from CNY 98,260,163.09 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 57,185,177.31, down 18.26% from CNY 69,960,863.49 in the previous year[18]. - The total profit for the period was CNY 6,171,000, a decrease of 41.17% compared to the previous year, primarily due to intensified market competition and increased financial costs[32]. - The company's financial expenses rose significantly by 188.48% to CNY 8,639,264.80, mainly due to increased interest expenses[36]. - The net cash flow from operating activities improved by 28.83%, reaching CNY -115,328,757.17 compared to CNY -148,577,541.90 in the same period last year[18]. - The total operating revenue for the first half of 2018 was CNY 1,029,078,536.79, an increase from CNY 1,002,378,717.50 in the same period last year, representing a growth of approximately 2.7%[127]. - The net profit for the first half of 2018 was CNY 58,521,630.70, down from CNY 98,741,333.86 in the same period last year, reflecting a decrease of approximately 40.7%[127]. - The investment income for the first half of 2018 was CNY 66,613,044.44, down from CNY 87,875,295.69 in the same period last year, reflecting a decline of approximately 24.1%[127]. - The company reported a net loss of CNY 87,068,749.65 for the current period, indicating a significant decline in profitability compared to the previous year[142]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,577,520,750.60, a decrease of 0.75% from CNY 5,619,621,500.67 at the end of the previous year[18]. - The total liabilities were CNY 2,145,407,891.38, an increase from CNY 2,124,808,602.91 year-over-year, representing a growth of approximately 0.95%[125]. - The company's equity attributable to shareholders was CNY 3,346,184,485.59, compared to CNY 3,416,531,064.91 in the previous year, indicating a decrease of about 2.05%[125]. - The total liabilities at the end of the reporting period amounted to CNY 3,494,812,897.76, indicating a substantial leverage position[141]. - The company's retained earnings decreased by CNY 42,771,704.35, highlighting challenges in profit retention[142]. Cash Flow - The net cash flow from operating activities was -115,328,757.17, a decrease from -148,577,541.90 in the previous period, reflecting ongoing operational challenges[131]. - The net cash flow from investing activities was -7,756,831.93, compared to -207,575,313.90 in the previous period, indicating improved cash management in investments[133]. - The total cash and cash equivalents at the end of the period were 303,431,605.14, down from 442,443,497.50 in the previous period, indicating a decrease of approximately 31.4%[133]. - Cash inflows from financing activities totaled 343,120,287.80, an increase from 247,746,515.56 in the previous period, suggesting stronger financing efforts[133]. - The net cash flow from financing activities was 62,859,585.22, compared to 108,033,298.11 in the previous period, reflecting a decrease in financing efficiency[133]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of ordinary shareholders at the end of the reporting period was 49,814[99]. - The largest shareholder, Dalian Iceberg Group Co., Ltd., held 19.98% of shares, totaling 170,916,934 shares[99]. - The total number of restricted shares at the beginning of the period was 21,545,455, with 6,972,700 shares released during the period[97]. - The company paid 9,236,961.88 in dividends during the current period, compared to 63,497,016.56 in the previous period, indicating a reduction in shareholder returns[133]. Market and Competition - The main risks faced by the company include intensified market competition and high accounts receivable[5]. - The company plans to focus on enhancing smart manufacturing and service-oriented manufacturing levels to address market competition risks[50]. - The company aims to strengthen accounts receivable management to mitigate risks associated with high accounts receivable[52]. - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[140]. Environmental and Social Responsibility - In the first half of 2018, the company invested 60,000 RMB in targeted poverty alleviation efforts in Songlin Village, improving local cultural facilities[86]. - The company plans to continue its poverty alleviation initiatives in the second half of 2018, focusing on industrial development and education support[87]. - The company has established effective pollution control facilities, including a wastewater treatment station and dust removal systems, ensuring compliance with environmental standards[80]. - The company has established an emergency response plan for environmental incidents, filed with the Dalian Jinpu New District Environmental Protection Bureau on October 10, 2017[82]. Corporate Governance - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[101]. - The company has not reported any changes in accounting policies or estimates during the reporting period, ensuring consistency in financial reporting[156]. - The company’s board of directors and senior management did not engage in any agreed repurchase transactions during the reporting period[100]. Research and Development - The company is committed to developing key areas in the refrigeration industry, including industrial refrigeration, commercial refrigeration, air conditioning, and core components[28]. - The company’s R&D investment was CNY 44,250,377.08, a slight decrease of 1.90% from the previous year[36]. - The company’s core competitiveness has been enhanced, focusing on the integration of cold and hot industries and the development of new products and technologies[30]. Financial Reporting and Accounting - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[157]. - The company uses Renminbi as its functional currency for accounting purposes[160]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[162].

Financial Performance - The company's operating revenue for 2017 was CNY 2,079,715,105.37, representing a 9.85% increase compared to CNY 1,893,200,939.64 in 2016[17]. - The net profit attributable to shareholders for 2017 was CNY 200,759,820.17, which is a 10.17% increase from CNY 182,234,151.73 in 2016[17]. - The net profit after deducting non-recurring gains and losses was CNY 165,044,724.44, reflecting an 11.07% increase from CNY 148,598,436.25 in 2016[17]. - The total profit for the year was 218.47 million yuan, an increase of 12.90% compared to the previous year[32]. - The company achieved a net profit of CNY 18,363.3 million for 2017 after accounting for statutory surplus reserves[90]. - The total comprehensive income attributable to the parent company was CNY 176,389,498.76, an increase from CNY 159,526,325.55 in the previous year, representing a growth of approximately 10.4%[196]. Assets and Liabilities - The company's total assets at the end of 2017 were CNY 5,619,621,500.67, a 10.28% increase from CNY 5,095,986,440.32 at the end of 2016[18]. - The total assets of the company amounted to CNY 5,619,621,500.67, up from CNY 4,441,380,583.49 in the previous year, reflecting a growth of approximately 26.5%[193]. - Total liabilities increased to CNY 2,124,808,602.91 from CNY 1,157,860,679.35, marking an increase of about 83.5%[193]. - The company's total equity rose to CNY 3,494,812,897.76, compared to CNY 3,283,519,904.14 in the previous year, showing an increase of approximately 6.4%[193]. Cash Flow - The company’s cash flow from operating activities showed a negative net amount of 157.93 million yuan in the first quarter[22]. - The net cash flow from operating activities was -207,225,851.22 CNY, a significant decrease of 3,036.00% compared to the previous year[51]. - The company reported cash and cash equivalents of CNY 394,809,694.11, down from CNY 715,215,638.54, highlighting a decrease in liquidity[191]. - Cash and cash equivalents at the end of the period stood at CNY 364,693,406.31, down from CNY 691,238,822.98 at the beginning of the year, showing a decrease of approximately 47.3%[200]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[5]. - The company distributed a cash dividend of CNY 0.5 per 10 shares for the year 2017, totaling CNY 42,795,449.05, which represents 21.32% of the net profit attributable to shareholders[89]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution[90]. - The company has maintained a consistent dividend policy over the past three years, with cash dividends of CNY 1 per 10 shares in 2016 and CNY 1 per 10 shares in 2015[89]. Market and Product Development - The company achieved a 30% year-on-year revenue growth in the convenience store business, driven by IoT technology and smart store systems[34]. - The medical and biological sector saw a revenue increase of over 50%, with new products like ultra-low temperature refrigerators and blood storage boxes making significant market inroads[34]. - The company plans to enhance its market presence in the industrial refrigeration sector and expand the application of CO2 high-pressure compressors[81]. - The company aims to establish a comprehensive service network for refrigeration and air conditioning, integrating resources and providing value-added services[81]. Risks and Challenges - The company faces risks including intensified market competition and slow promotion of new products and technologies[5]. - The company faces challenges in the transformation process, including the need for faster commercialization of new technologies and products[79]. Acquisitions and Investments - The company has completed the acquisition of 100% equity in Dalian Bingshan International Trade Co., Ltd. in April 2017[10]. - The company acquired a 49% stake in Dalian Bingshan Metal Technology Co., Ltd. for 172,950,000.00 CNY during the reporting period[62]. - The company has undertaken a merger with Dalian Ice Mountain International Trade Co., enhancing its overseas sales channels[76]. Research and Development - Research and development expenses amounted to 93,795,151.25 CNY, accounting for 4.51% of total revenue, with a year-on-year increase of 9.13%[49]. - The number of R&D personnel decreased by 3.25% to 268, while their proportion of total employees increased by 0.75 percentage points to 15.52%[49]. Environmental and Social Responsibility - The company has committed to targeted poverty alleviation efforts in Songlin Village, with a total investment of 1 million RMB in funds and 900,000 RMB in material support[121]. - The company plans to continue its poverty alleviation initiatives in 2018, focusing on agricultural infrastructure and employment opportunities for local residents[123]. - Dalian Refrigeration Co., Ltd. reported a total wastewater discharge of 2.7 tons for chemical oxygen demand, 0.54 tons for ammonia nitrogen, and 2.59 tons for dust, all within the regulatory limits[124]. Governance and Compliance - The audit opinion for the financial statements was unqualified, indicating a fair representation of the company's financial status as of December 31, 2017[180]. - The company’s governance practices align with the regulations set forth by the China Securities Regulatory Commission, with no significant discrepancies noted[165]. - The company has maintained effective internal control over financial reporting as of December 31, 2017, according to the internal control audit report[175].

Financial Performance - The company's operating revenue for 2017 was CNY 2,079,715,105.37, representing a 9.85% increase compared to CNY 1,893,200,939.64 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 200,759,820.17, reflecting a 10.17% increase from CNY 182,234,151.73 in the previous year[16] - The company achieved a total operating revenue of 2,079.72 million yuan in 2017, representing a year-on-year growth of 9.85%[32] - The net profit attributable to shareholders was 200.76 million yuan for the reporting period, compared to 182.23 million yuan in the previous period, showing an increase of approximately 10.3%[21] - The company reported a total profit of 218.47 million yuan, which is a 12.90% increase year-on-year[32] - The company reported a total revenue of approximately ¥2.08 billion in 2017, representing a year-on-year increase of 9.85% compared to ¥1.89 billion in 2016[39] - The gross profit margin for the year was approximately 1.63%, calculated from the total operating revenue and total operating costs[192] - The total comprehensive income for the year was CNY 180,185,730.40, compared to CNY 27,182,522.68 in the previous year, showing a significant increase[193] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -207,225,851.22, a significant decline of 3,036.00% compared to CNY -6,607,069.97 in 2016[16] - The total assets at the end of 2017 amounted to CNY 5,619,621,500.67, which is a 10.28% increase from CNY 5,095,986,440.32 at the end of 2016[18] - The total cash and cash equivalents decreased by 326,545,416.67 CNY, marking a decline of 174.92% compared to the previous year[51] - The company's cash and cash equivalents were CNY 394,809,694.11 at year-end, down from CNY 715,215,638.54 at the beginning of the year, indicating a decrease of about 44.7%[188] - The company's total assets reached CNY 5,619,621,500.67, compared to CNY 5,095,986,440.32 in the previous year, marking an increase of around 10.3%[192] Investments and Acquisitions - The company has completed the acquisition of 100% equity in Dalian Bingshan International Trade Co., Ltd. in April 2017[10] - The company acquired a 49% stake in Dalian Bingshan Metal Technology Co., Ltd. for 172,950,000.00 CNY during the reporting period[62] - The company reported a total investment of 1,568,255,738.12 CNY, which is a 21.30% increase from the previous year's investment of 1,292,912,901.49 CNY[59] - The company temporarily idled CNY 80 million of raised funds, which were placed in high-yield time deposits with an expected annualized return of 3.6%[67] Dividends and Shareholder Engagement - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[5] - The company declared a cash dividend of CNY 0.5 per 10 shares for the year 2017, totaling CNY 42,795,449.05, which represents 21.32% of the net profit attributable to shareholders[88] - The cash dividend payout ratio for 2017 was 100%, indicating a complete distribution of available profits to shareholders[88] - The company had a total of 26 reception meetings with 171 institutions during the reporting period, indicating strong investor engagement[81] Market and Product Development - New product revenue from the subsidiary Wuxin Refrigeration increased by over 50% year-on-year, with nationwide deployment of new product demonstration points[32] - The company signed over 20 contracts worth more than 10 million yuan each in the cold chain logistics and fishing industries, indicating strong order growth[33] - The company’s subsidiary Iceberg Service reported a 50% increase in maintenance income, leveraging the innovative mobile app for service requests[33] - The company’s subsidiary Iceberg Ling Design achieved over 50% growth in revenue from quick-freezing equipment, entering the high-demand crayfish processing industry[33] - The company achieved a 30% year-on-year revenue growth in the convenience store business, driven by IoT technology and smart store systems[34] - The medical and biological sector saw a revenue increase of over 50%, with new products like ultra-low temperature refrigerators and blood storage boxes making significant market inroads[34] Risks and Challenges - The company faces risks including intensified market competition and slow promotion of new products and technologies[5] - The company faces challenges such as intensified market competition and the need for faster commercialization of new technologies[77] Governance and Management - The company has maintained a consistent dividend policy over the past three years, with cash dividends of CNY 1.0 per 10 shares in 2016 and CNY 1.0 per 10 shares in 2015[85] - The company’s management team includes professionals with diverse backgrounds, such as a PhD in Management from Dalian University of Technology and a Master's in Business Administration from Dalian University of Technology[150] - The company experienced a significant turnover in its management team, with multiple resignations and appointments in 2017[147] - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5078 million[152] Environmental and Social Responsibility - The company has committed 1 million in funds and 0.9 million in material donations for targeted poverty alleviation efforts in Songlin Village, Dalian[118] - The company has established a dedicated department for poverty alleviation, ensuring timely and sufficient funding for initiatives[120] - The company has implemented a rainwater and sewage diversion system for wastewater management, ensuring compliance with discharge standards[123] - The company has invested in pollution control facilities, including bag dust collectors and activated carbon adsorption systems for air emissions[123] Audit and Compliance - The audit report issued by the auditing firm provided an unqualified opinion, affirming that the financial statements fairly reflect the company's financial position as of December 31, 2017[177] - The audit committee confirmed that there were no significant internal control deficiencies identified during the reporting period[171] - The company’s internal control evaluation report indicated that 100% of the total assets and operating income were included in the evaluation scope[171]

Financial Performance - The company's operating revenue for Q1 2018 was ¥515,183,744.97, representing a 2.09% increase compared to ¥504,654,807.75 in the same period last year[8] - Net profit attributable to shareholders decreased by 26.83% to ¥25,593,358.53 from ¥34,979,790.84 year-on-year[8] - Basic earnings per share fell by 25.00% to ¥0.03 from ¥0.04 in the same period last year[8] - The weighted average return on net assets decreased by 0.30 percentage points to 0.75%[8] Cash Flow - The net cash flow from operating activities improved by 25.78%, reaching -¥117,217,303.00 compared to -¥157,927,050.15 in the previous year[8] - Net cash flow from investing activities increased significantly year-on-year, mainly due to the recovery of 76 million yuan from bank wealth management products and a previous investment of 39.2 million yuan in Dalian Iceberg Group Management Consulting Co., Ltd.[18] - Net cash flow from financing activities decreased significantly year-on-year, primarily due to a reduction in bank loans received during the current period[18] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥5,430,876,897.88, a decrease of 3.36% from ¥5,619,621,500.67 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 51,354[14] - The largest shareholder, Dalian Bingshan Group Co., Ltd., held 19.97% of the shares, totaling 170,916,934 shares[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15] Government Subsidies and Other Income - The company received government subsidies amounting to ¥500,600.00 during the reporting period[11] - Investment income decreased significantly year-on-year, primarily due to receiving cash dividends of 11.15 million yuan from Guotai Junan in the same period last year[18] Changes in Assets - Cash and cash equivalents decreased significantly compared to the beginning of the year, primarily due to the reduction in the balance of funds raised from the non-public issuance of A-shares after payment for investment projects[18] - Other current assets decreased significantly compared to the beginning of the year, mainly due to the maturity and recovery of 76 million yuan in bank wealth management products[18] - The company holds 27,098,895 shares of Guotai Junan, with a book value of approximately 462.31 million yuan, representing 0.31% of the total shares[20]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,002,378,717.50, representing a 20.64% increase compared to CNY 830,873,999.65 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 98,260,163.09, a 39.11% increase from CNY 70,632,718.91 in the previous year[18]. - Basic earnings per share were CNY 0.115, up 29.21% from CNY 0.089 in the previous year[18]. - The total profit for the period was CNY 10,490,000, reflecting a year-on-year increase of 36.95%[33]. - The company's total comprehensive income for the period was CNY 120,208,793.35, compared to a loss of CNY 85,255,472.43 in the previous year[113]. - The total cost of operations was CNY 992,114,223.92, compared to CNY 837,666,113.26 in the previous year, reflecting an increase of approximately 18.4%[112]. - Investment income for the period was CNY 87,875,295.69, compared to CNY 75,949,019.25 in the previous year, indicating a growth of about 15.5%[112]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 148,577,541.90, a decline of 189.80% compared to negative CNY 51,268,538.89 in the same period last year[18]. - The company's net increase in cash and cash equivalents was a negative CNY 248,795,325.48, a decline of 136.60% compared to the previous year[39]. - Total cash inflow from operating activities was 779,491,407.47 CNY, while total cash outflow was 928,068,949.37 CNY, resulting in a cash outflow of 148,577,541.90 CNY[115]. - The total cash and cash equivalents at the end of the period were 442,443,497.50 CNY, down from 935,151,672.73 CNY at the end of the previous period, indicating a decrease of approximately 53%[117]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,372,939,781.32, an increase of 5.43% from CNY 5,095,986,440.32 at the end of the previous year[18]. - The total liabilities amounted to CNY 1,988,242,587.70, up from CNY 1,725,313,090.25 in the previous year, indicating a growth of approximately 15.3%[112]. - The company's long-term equity investments reached CNY 1,507,902,442.59, an increase from CNY 1,292,912,901.49 at the beginning of the year[109]. - The total inventory as of June 30, 2017, was CNY 413,011,874.26, up from CNY 349,538,424.06 at the beginning of the year, indicating growth[108]. Investments and Acquisitions - The company completed the acquisition of shares in Iceberg International Trade Co., Ltd., making it a wholly-owned subsidiary[11]. - The company completed the acquisition of 100% equity in Iceberg International Trade and 49% in Iceberg Metal Technology, enhancing its asset portfolio[35]. - The company acquired a 49% stake in Dalian Bingshan Metal Technology Co., Ltd. for CNY 172.95 million, enhancing its investment portfolio[50]. - The company signed a contract worth approximately CNY 160 million for distributed energy projects, showcasing its market expansion efforts[33]. Market Performance - The company’s European market revenue grew by approximately 50% year-on-year, indicating successful overseas market expansion[34]. - New product revenue from the subsidiary Wuxin Refrigeration increased by over 50% year-on-year, indicating successful strategic transformation[33]. - The company’s revenue from the refrigeration and air conditioning business was approximately CNY 987.66 million, a decrease of 1.39 percentage points in gross margin compared to the same period last year[41]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[6]. - The total number of ordinary shareholders at the end of the reporting period was 41,442[92]. - The largest shareholder, Dalian Bingshan Group Co., Ltd., held 19.96% of shares, amounting to 170,916,934 shares, with an increase of 48,833,410 shares during the reporting period[92]. - The total number of restricted shares at the end of the reporting period was 27,094,070 shares, with 88,193,135 shares released during the period[90]. Environmental and Social Responsibility - The company has committed to targeted poverty alleviation efforts in Songlin Village, with a total investment of 1 million CNY in the first half of 2017[78]. - The company reported a total pollutant discharge of 1.77 tons for chemical oxygen demand, 0.45 tons for ammonia nitrogen, and 1.2 tons for dust, all within the regulatory limits[81]. - The company has constructed a wastewater treatment station to ensure wastewater discharge meets national standards[82]. - There were no significant environmental issues or pollution incidents reported during the reporting period[82]. Corporate Governance - The company experienced changes in its board and management, with several resignations and elections occurring in early 2017[100][102]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[94]. - The company has engaged in several related party transactions, including equity transfers, during the reporting period[84]. Accounting Policies - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations[130]. - The company has maintained its accounting policies and estimates without changes during the reporting period[131]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[137].

Financial Performance - Net profit attributable to shareholders decreased by 28.78% year-on-year to ¥47,073,348.70, primarily due to a significant reduction in non-operating income[8]. - Operating revenue for the reporting period was ¥461,323,140.51, down 6.60% year-on-year, while year-to-date revenue increased by 10.49% to ¥1,463,701,858.01[8]. - Basic earnings per share decreased by 31.25% to ¥0.055, with diluted earnings per share remaining the same[8]. - The weighted average return on net assets was 1.40%, a decrease of 0.99 percentage points compared to the previous year[8]. - The company reported a net cash flow from operating activities of -¥203,593,761.26, representing a decrease of 215.17% year-on-year[8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,949, with the largest shareholder holding 19.96% of the shares[13]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[14]. Cash Flow and Assets - The company experienced a significant decrease in net cash flow from financing activities, primarily due to last year's non-public issuance of A-shares[17]. - The company's cash and cash equivalents significantly decreased compared to the beginning of the year, primarily due to reduced fundraising from the non-public issuance of A-shares after project payments[19]. - The company's net cash flow from operating activities significantly decreased year-on-year, primarily due to an increase in cash payments for goods and services[19]. - The company's receivables from dividends increased significantly compared to the beginning of the year, mainly due to an increase in unexpired receivables[19]. - The company's investment properties increased significantly compared to the beginning of the year, mainly due to the transfer of leased fixed assets and intangible assets[19]. - The company's fixed assets increased significantly compared to the beginning of the year, primarily due to the transfer of new factory construction from construction in progress[19]. - The company's short-term borrowings increased significantly compared to the beginning of the year, mainly due to an increase in credit borrowings[19]. - The company experienced a significant increase in financial expenses year-on-year, primarily due to increased interest expenses from credit borrowings[19]. Social Responsibility - The company engaged in targeted poverty alleviation efforts in the third quarter, continuing support for the designated poverty alleviation unit[25]. - The company plans to continue its targeted poverty alleviation work, addressing issues related to transportation and labor reemployment in the poverty-stricken areas[27]. Non-Recurring Items - Non-recurring gains and losses totaled ¥27,872,960.90 for the year-to-date period[11]. - The company reported a material increase in deferred income compared to the beginning of the year, mainly due to an increase in government subsidies received[19].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,002,378,717.50, representing a 20.64% increase compared to CNY 830,873,999.65 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 98,260,163.09, a 39.11% increase from CNY 70,632,718.91 in the previous year[18]. - Basic and diluted earnings per share were both CNY 0.115, an increase of 29.21% from CNY 0.089 in the previous year[18]. - The total profit for the period was CNY 10,490,000, reflecting a year-on-year increase of 36.95%[33]. - The company achieved a revenue of CNY 1,002,378,717.50 in the reporting period, representing a year-on-year growth of 20.64%[38]. - The company reported a total of 287.79 million yuan in daily related transactions with related parties in the first half of 2017, accounting for 32.70% of the estimated total for the year[65]. - The company reported a total cash and cash equivalents balance of 442,443,497.50 CNY at the end of June 2017, down from 935,151,672.73 CNY at the end of the previous year[117]. - The company's total comprehensive income for the first half of 2017 was CNY -158,345,633.66, indicating a significant decline compared to the previous period[124]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 148,577,541.90, a decline of 189.80% compared to negative CNY 51,268,538.89 in the same period last year[18]. - Cash flow from investment activities showed a net outflow of -207,575,313.90 CNY, compared to -41,156,797.85 CNY in the previous year, reflecting an increase in investment expenditures[115]. - Cash inflow from financing activities was 247,746,515.56 CNY, while cash outflow totaled 139,713,217.45 CNY, leading to a net cash inflow of 108,033,298.11 CNY[117]. - The company sold 1.5 million shares of Guotai Junan Securities, generating an investment income of CNY 27,467,019.93[24]. - The company reported investment income of CNY 87,875,295.69, an increase from CNY 75,949,019.25 in the previous year, reflecting a growth of about 15.5%[112]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,372,939,781.32, a 5.43% increase from CNY 5,095,986,440.32 at the end of the previous year[18]. - The total liabilities amounted to CNY 1,988,242,587.70, compared to CNY 1,725,313,090.25 in the previous year, reflecting a rise of approximately 15.3%[112]. - The company's current assets totaled CNY 2,180,563,389.85, compared to CNY 2,207,580,066.88 at the beginning of the year, indicating a slight decrease[108]. - The accounts receivable increased to CNY 903,229,293.38 from CNY 807,109,959.54, showing a growth of approximately 11.9%[108]. - The total liabilities were CNY 1,665,650,166.47 for current liabilities, up from CNY 1,432,232,789.30 at the beginning of the year, reflecting an increase of approximately 16.3%[109]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[6]. - The total share count was 856,487,181 after the recent changes, with an increase of 244,710,623 shares during the reporting period[86]. - The largest shareholder, Dalian Bingshan Group Co., Ltd., held 19.96% of shares, increasing by 48,833,410 shares during the period[91]. - The total number of restricted shares at the end of the period was 27,094,070, with 88,193,135 shares released during the reporting period[89]. - The company implemented a capital reserve distribution plan, converting 4 shares for every 10 shares held in June 2017[88]. Acquisitions and Market Expansion - The company completed the acquisition of 100% equity in Dalian Bingshan International Trade Co., Ltd. in April 2017, enhancing its market position[11]. - The company completed the acquisition of 76% equity in Dalian Iceberg International Trade Co., Ltd. and 49% equity in Dalian Iceberg Technology Metal Co., Ltd. during the reporting period[67]. - The company signed a contract worth approximately CNY 160 million for distributed energy projects, showcasing market expansion efforts[33]. - The company’s overseas market revenue grew by approximately 50% in Europe, highlighting successful international expansion[34]. - The company plans to strengthen its overseas market sales and service system through the acquisition of Dalian Bingshan International Trade Co., Ltd.[54]. Risk Management - The company faces a significant risk of high accounts receivable, with measures to address this outlined in the report[5]. - The company's accounts receivable increased by 0.19 percentage points to 16.81% of total assets, indicating a need for improved receivables management[43]. - The company is facing risks related to high accounts receivable and is implementing measures to manage and reduce these risks effectively[56]. Employee and Corporate Governance - The company has implemented an employee stock incentive plan since 2015, with the first batch unlocking in April 2016 and the second batch in May 2017[64]. - The company has no major litigation or arbitration matters during the reporting period[63]. - The company has no significant penalties or rectification situations during the reporting period[63]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[94]. Accounting Policies and Financial Reporting - The financial report for the first half of 2017 was not audited, which may impact the reliability of the financial data presented[107]. - The company has made no changes to its accounting policies and estimates during this reporting period[131]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[130]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[132].

Financial Performance - The company's operating revenue for Q1 2017 was ¥474,819,352.69, representing an increase of 18.53% compared to ¥400,592,922.66 in the same period last year[8] - The net profit attributable to shareholders for Q1 2017 was ¥33,297,454.56, a growth of 30.44% from ¥25,527,518.21 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥32,797,617.05, up 28.63% from ¥25,497,476.68 in the previous year[8] Cash Flow - The net cash flow from operating activities was -¥137,117,775.57, a decrease of 52.80% compared to -¥89,736,770.51 in the same period last year[8] Assets and Shareholder Equity - Total assets at the end of the reporting period were ¥4,994,298,464.88, reflecting a slight increase of 0.22% from ¥4,983,511,574.26 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥3,275,951,495.82, an increase of 0.87% from ¥3,247,797,768.92 at the end of the previous year[8] Investments and Income - The company received cash dividends of ¥11,150,000 from Guotai Junan, contributing to an increase in investment income[15] - The company invested ¥39,200,000 in a new business platform during the reporting period[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,152[11] - The largest shareholder, Dalian Bingshan Group Co., Ltd., held 19.96% of the shares, totaling 122,083,524 shares[11] Compliance and Governance - No violations of external guarantees were reported during the period[20] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[21] Research Activities - The company engaged in multiple institutional research activities throughout January and March 2017[19]