Financial Performance - The company's operating revenue for the first half of 2020 was CNY 513,042,069.46, representing a 33.55% increase compared to CNY 384,149,280.11 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 46.95% to CNY 7,240,602.98 from CNY 13,647,664.00 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,147,410.16, down 43.84% from CNY 12,727,510.57 year-on-year[16]. - The basic earnings per share decreased by 47.37% to CNY 0.020 from CNY 0.038 in the same period last year[16]. - The total operating revenue for the reporting period reached ¥513,042,069.46, representing a year-on-year increase of 33.55% compared to ¥384,149,280.11 in the same period last year[42]. - The total profit for the first half of 2020 was CNY 18,753,412.24, down from CNY 21,587,554.50 in the previous year, reflecting a decline of approximately 13.0%[155]. - The total comprehensive income for the first half of 2020 was CNY 9,901,700.22, down from CNY 14,177,003.82 in the first half of 2019, reflecting a decrease of about 30.5%[153]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,997,285,351.12, a slight increase of 0.54% from CNY 1,986,493,780.21 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 0.78% to CNY 968,999,417.63 from CNY 961,500,410.71 at the end of the previous year[16]. - The company's total assets as of June 30, 2020, amounted to CNY 1,997,285,351.12, an increase from CNY 1,986,493,780.21 at the end of 2019[142]. - The total liabilities as of June 30, 2020, were CNY 1,000,850,999.76, slightly up from CNY 1,000,219,533.01 at the end of 2019[145]. - The company's total liabilities to equity ratio as of June 30, 2020, was approximately 1.01, indicating a stable leverage position compared to previous periods[145]. Cash Flow - The net cash flow from operating activities was CNY 48,029,733.37, down 11.40% from CNY 54,208,463.34 in the same period last year[16]. - The net cash flow from operating activities decreased by 11.40% to ¥48,029,733.37, down from ¥54,208,463.34 in the previous year[40]. - The net cash flow from investing activities improved significantly, with a reduction in outflow of 65.47%, totaling -¥46,190,561.02 compared to -¥133,787,728.44 last year[40]. - The net cash flow from investing activities was -20,273,183.50 CNY, an improvement from -108,106,976.60 CNY year-over-year, showing a reduction in cash outflow[163]. - The net increase in cash and cash equivalents for the first half of 2020 was 33,064,436.27 CNY, a recovery from a decrease of -9,346,085.75 CNY in the same period of 2019[163]. Investments and Subsidiaries - The company completed a significant equity investment of 3,242,000 yuan in Tianjin Rui Cheng Energy Development Co., holding a 97.56% stake[59]. - The company invested 1,500,000 yuan in Suzhou De Cheng Communication Technology Co., acquiring a 100% stake, with a reported loss of 4,791.1 yuan[59]. - The company has ongoing non-equity investments totaling 128,017,400 yuan, with a projected return of 0.00 yuan[63]. - Deyang Jingneng Natural Gas Co., Ltd. achieved consolidated revenue of CNY 168.36 million, an increase of 8.94% year-on-year, primarily due to increased pipeline gas and gas engineering installation revenue[71]. - Suzhou Tianhong Gas Co., Ltd. reported a revenue of CNY 204.27 million, an increase of 801.96% year-on-year, mainly due to the inclusion of LNG sales revenue[74]. Market and Operational Strategy - The company is actively expanding its market presence in regions with low gas utilization rates, particularly in Hubei and Dalian, which presents significant growth potential[31]. - The company faces risks related to natural gas pricing mechanisms and installation project profitability, and is actively responding by maintaining communication with suppliers and exploring new market opportunities[80]. - LNG prices are subject to significant short-term fluctuations due to supply and demand changes, impacting profitability; the company emphasizes proximity to customers to reduce transportation costs[81]. - The company is cautious in selecting natural gas distributed energy projects, aiming for profitability and positive cash flow without government subsidies[81]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 31,936[123]. - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., held 32.00% of the shares, amounting to 114,761,828 shares, with 91,800,000 shares pledged[123]. - The company has undergone several changes in shareholding structure, with the latest being a transfer of 106,280,700 shares, accounting for 29.64% of total shares, to Beijing Dingxin Ruitong Technology Development Co., Ltd. for RMB 1 billion[184]. Legal and Compliance Matters - The company has not engaged in any related party transactions during the reporting period[93]. - The company has no significant litigation or arbitration matters affecting its financial position, with a notable case involving a dispute over a share transfer contract amounting to approximately 14.57 million yuan[89]. - The company reported a significant asset impairment loss in accordance with the relevant accounting standards[200]. Accounting and Reporting Standards - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports reflect a true and complete picture of its financial status[191]. - The financial report for the first half of 2020 was not audited[140]. - The company uses RMB as its functional currency for accounting purposes, ensuring consistency in financial reporting[194].

Revenue and Profitability - Revenue for Q1 2020 was CNY 231,661,453.55, an increase of 43.67% compared to CNY 161,245,513.88 in the same period last year[7]. - The company's operating revenue for Q1 2020 was CNY 231.66 million, an increase of 43.67% compared to CNY 161.25 million in Q1 2019[16]. - Total operating revenue for Q1 2020 was CNY 231,661,453.55, an increase of 43.5% compared to CNY 161,245,513.88 in the same period last year[37]. - The company's operating costs rose to CNY 203.78 million, reflecting a 58.01% increase from CNY 128.97 million in the same period last year[16]. - The net profit for Q1 2020 was a loss of CNY 15,146,827.87, compared to a profit of CNY 2,060,608.53 in Q1 2019, representing a significant decline[38]. - The company reported a net loss of CNY 15,261,346.59, a decrease of 1,248.13% from a profit of CNY 1,329,232.12 in the previous year[7]. - The company reported a total comprehensive loss of CNY 15,146,827.87 for Q1 2020, compared to a comprehensive income of CNY 2,060,608.53 in Q1 2019[39]. Cash Flow - Net cash flow from operating activities was a negative CNY 13,332,284.92, down 144.65% from CNY 29,858,375.52 in the same period last year[7]. - The net cash flow from operating activities was CNY -13.33 million, a decrease of 144.65% compared to CNY 29.86 million in Q1 2019[16]. - Total cash inflow from operating activities was ¥308,467,387.98, while total cash outflow was ¥321,799,672.90, resulting in a net cash flow of -¥13,332,284.92[44]. - Cash inflow from financing activities rose to ¥377,600,000.00, compared to ¥315,700,000.00 in the previous period, marking an increase of approximately 19.6%[45]. - Net cash flow from financing activities increased to ¥59,478,969.30, up from ¥37,749,230.87, reflecting a growth of about 57.6%[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,018,286,582.41, an increase of 1.60% from CNY 1,986,493,780.21 at the end of the previous year[7]. - Current assets totaled CNY 565,376,203.38, up from CNY 544,921,679.11, indicating an increase of about 3.1%[30]. - Total liabilities increased to CNY 1,047,159,163.08 from CNY 1,000,219,533.01, reflecting a growth of approximately 4.7%[31]. - Total current liabilities rose to CNY 945,854,916.17 from CNY 896,539,685.81, an increase of about 5.5%[31]. - The company’s total liabilities and owner's equity combined were CNY 1,986,493,780.21[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,897[11]. - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., held 32.00% of the shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Expenses - The company's management expenses increased by 38.51% to CNY 23.22 million, up from CNY 16.76 million in the previous year[16]. - The financial expenses for the company rose to CNY 9.99 million, a 63.48% increase compared to CNY 6.11 million in Q1 2019[16]. - The financial expenses for Q1 2020 were CNY 9,987,324.48, an increase from CNY 6,109,260.66 in Q1 2019[37]. Legal and Regulatory Issues - The company is currently involved in a legal dispute regarding frozen bank accounts and equity, which may impact its operations[17]. - The company executed a new revenue recognition standard effective January 1, 2020, adjusting "prepayments" to "contract liabilities"[52].

Financial Performance - The company's operating revenue for 2019 was ¥1,037,957,543.04, representing a 64.50% increase compared to ¥630,964,895.64 in 2018[17] - The net profit attributable to shareholders in 2019 was ¥41,303,050.87, a significant turnaround from a loss of ¥185,633,136.73 in 2018, marking a 122.25% improvement[17] - The net cash flow from operating activities increased by 285.99% to ¥54,193,038.62 in 2019, up from ¥14,039,895.09 in the previous year[17] - Basic earnings per share rose to ¥0.115 in 2019, compared to a loss of ¥0.518 in 2018, reflecting a 122.20% increase[18] - Total assets at the end of 2019 were ¥1,986,493,780.21, a 21.61% increase from ¥1,633,547,328.09 at the end of 2018[18] - The net assets attributable to shareholders increased by 4.26% to ¥961,500,410.71 at the end of 2019, compared to ¥922,211,023.91 at the end of 2018[18] - The weighted average return on equity improved to 4.39% in 2019, up from -18.32% in 2018, an increase of 22.71 percentage points[18] - The company reported a non-recurring loss of ¥949,479.49, contrasting with a profit of ¥3,048,902.58 in the previous year[24] - The company's net profit for the reporting period was ¥43,496,100, with a significant difference from the operating cash flow due to non-cash factors like depreciation[77] Revenue and Sales Growth - Revenue from gas supply and related services accounted for ¥919,363,931.33, which is 88.57% of total revenue, showing a 67.04% increase compared to ¥550,388,547.15 in 2018[55] - The sales volume of gas increased by 42.00% to 32,549.19 million cubic meters in 2019, up from 22,921.42 million cubic meters in 2018[59] - The company achieved operating revenue of CNY 1,037.96 million, an increase of CNY 406.99 million, or 64.50%, attributed to business expansion and new subsidiaries[49] - Operating profit surged to CNY 65.71 million, a rise of CNY 233.91 million, or 139.06%, due to improved operational efficiency and absence of goodwill impairment[49] - The company expanded its customer base by approximately 35,000 residential users and 415 commercial users during the reporting period[36] Acquisitions and Investments - The company signed a share transfer agreement to acquire 80% of Suzhou Tianhong Gas Co., Ltd. for ¥135,743,198.15, which was completed on May 31, 2019[64] - The acquisition of 80% equity in Suzhou Tianhong added around 200 industrial users and approximately 600,000 cubic meters of daily gas supply to the company’s portfolio[36] - The company established a wholly-owned subsidiary in Tianjin to manage operations in the North China and Beijing-Tianjin-Hebei regions, enhancing regional business management[46] - The company completed the acquisition of Suzhou Tianhong Gas Co., Ltd. for an investment amount of 3,198.1 million, acquiring an 80% stake[92] - The company established Tianjin Delong Gas Co., Ltd. with an investment of 3,400.0 million, holding a 100% stake[92] Cash Flow and Financial Position - Cash and cash equivalents reached CNY 130.02 million, up CNY 74.60 million, or 134.60%, driven by increased operational cash flow and borrowings[38] - Operating cash inflow increased by 65.67% to ¥1,288,577,098.54, while operating cash outflow rose by 61.62% to ¥1,234,384,059.92, resulting in a net cash flow from operating activities of ¥54,193,038.62, a 285.99% increase year-on-year[73] - The company's accounts receivable rose to ¥182,818,419.63, representing 9.20% of total assets, influenced by the consolidation of a new subsidiary[81] - The company's financial expenses increased by 27.64% to ¥31,772,162.07, mainly due to new loans taken during the reporting period[69] Strategic Focus and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares for the year[5] - The company has outlined potential risks in its future development outlook, which investors should be aware of[4] - The company plans to enhance operational performance and management efficiency, focusing on market-oriented strategies and potential strategic partnerships to improve competitiveness[120] - The company faces risks related to natural gas pricing mechanisms, market competition, and safety in operations, which may impact profitability and operational stability[122] Governance and Compliance - The company has been actively engaging with investors and stakeholders to discuss its business operations and performance metrics[125] - The company has not reported any discrepancies between international and Chinese accounting standards for the reporting period[19] - The company has made changes to its accounting policies and reporting formats in accordance with new regulations issued by the Ministry of Finance in 2019[136] - The company has not faced any situations that would lead to suspension or termination of its listing status[147] - The company has engaged Sichuan Huaxin (Group) CPA as its auditor for 22 years, with an audit fee of 700,000 yuan for the current period[146] Shareholder Information - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., holds 32.00% of the shares, totaling 114,761,828 shares, with 91,800,000 shares pledged[185] - The company has a total of 35,762 shareholders as of the report date[184] - The controlling shareholder provided a total of CNY 2.15 billion in interest-free loans to the company during the reporting period[172] - The controlling shareholder increased its stake in the company by investing CNY 54.47 million, acquiring 8,481,128 shares, bringing its total ownership to 32%[174] Operational Developments - The company implemented comprehensive budget management and performance assessment systems, improving operational oversight and aligning incentives across subsidiaries[48] - The company has focused on technology development, promotion, training, consulting, and services as its main business activities[187] - The company has not engaged in any asset or equity acquisitions or sales during the reporting period, maintaining a focus on core operations[153]

Financial Performance - Operating revenue for the reporting period reached CNY 256,214,054.26, a 62.13% increase year-on-year[7] - Net profit attributable to shareholders increased by 21.55% to CNY 9,421,103.80 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 128.47% to CNY 9,641,521.40[7] - Basic earnings per share rose by 18.18% to CNY 0.026[7] - The weighted average return on net assets increased by 0.31 percentage points to 1.00%[7] - The company's operating revenue for the first three quarters of 2019 reached ¥640,363,334.37, an increase of 37.89% compared to ¥464,387,199.71 in the same period of 2018[16] - Net profit attributable to shareholders for the first three quarters of 2019 was ¥23,068,767.80, reflecting a growth of 32.76% from ¥17,376,568.49 in the previous year[16] - Total operating revenue for Q3 2019 reached ¥256,214,054.26, a significant increase of 62.2% compared to ¥158,026,104.00 in the same period last year[39] - Net profit for Q3 2019 was ¥10,392,335.58, representing a 45.5% increase from ¥7,147,907.39 in Q3 2018[40] - The profit attributable to the parent company's shareholders was CNY 23,068,767.80, compared to CNY 17,376,568.49, marking a growth of 32.8%[47] Assets and Liabilities - Total assets increased by 14.51% to CNY 1,870,531,425.85 compared to the end of the previous year[7] - Total current assets increased to CNY 474,103,316.41 from CNY 419,188,872.80, representing a growth of approximately 13.5% year-over-year[31] - Accounts receivable increased by 45.29% to ¥170,533,236.84 from ¥117,377,961.52, primarily due to increased receivables from subsidiaries[15] - Total liabilities increased to CNY 902,988,314.50 from CNY 706,963,364.74, marking a rise of about 27.7% year-over-year[32] - The company's total liabilities increased significantly, with long-term borrowings decreasing by 30.00% to ¥271,159,998.00, reflecting repayment of bank loans[15] - Short-term borrowings surged by 320.00% to ¥336,000,000.00, up from ¥80,000,000.00, indicating a significant increase in the company's short-term debt[15] - The company's equity attributable to shareholders increased to CNY 945,279,791.71 from CNY 922,211,023.91, reflecting a growth of approximately 2.9%[33] Cash Flow - Cash flow from operating activities decreased by 61.27% to CNY 24,427,316.62 year-to-date[7] - The net cash flow from operating activities decreased by 61.27% to ¥24,427,316.62, down from ¥63,077,434.10, due to higher cash payments for goods and services[17] - Cash inflows from operating activities amounted to 764,766,585.28 CNY, an increase from 555,825,145.41 CNY year-over-year[54] - Cash outflows from investing activities resulted in a net cash flow of -144,018,334.99 CNY, worsening from -48,465,800.88 CNY in the same period last year[55] - Cash inflows from financing activities totaled 516,700,000.00 CNY, a significant increase from 42,500,000.00 CNY in the previous year[55] - The net cash flow from financing activities was 106,839,642.36 CNY, compared to 3,664,343.32 CNY in the same period last year, reflecting a strong improvement[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 35,723[11] - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., holds 32.00% of the shares[11] Investment and Other Income - The company reported a 58.13% decline in investment income, which fell to ¥4,761,113.53 from ¥11,370,479.12, attributed to reduced sales of previously impaired stocks[16] - The company recorded an investment income of ¥1,661,454.85, a decrease from ¥10,534,640.09 in the same period last year[40] - The investment income for the current period was CNY 4,761,113.53, down from CNY 11,370,479.12 in the previous period[45] Miscellaneous - The company received government subsidies amounting to CNY 1,872,962.15 during the reporting period[8] - The company reported a net loss of CNY 86,299,969.55, an improvement from a loss of CNY 110,562,028.67 in the previous period[33] - The company has not undergone an audit for the third quarter report[70]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 384,149,280.11, representing a 25.39% increase compared to CNY 306,361,095.71 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 13,647,664.00, up 41.79% from CNY 9,625,597.54 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 12,727,510.57, an increase of 48.41% compared to CNY 8,575,709.38 in the previous year[18]. - The net cash flow from operating activities was CNY 54,208,463.34, showing a significant increase of 95.96% from CNY 27,663,004.93 in the same period last year[18]. - The total operating revenue for the first half of 2019 was CNY 384,149,280.11, an increase of 25.4% compared to CNY 306,361,095.71 in the first half of 2018[136]. - The company's net profit for the first half of 2019 reached CNY 14,177,003.82, representing a 37.5% increase from CNY 10,282,526.86 in the first half of 2018[137]. - The company's investment income increased significantly to CNY 3,099,658.68, compared to CNY 835,839.03 in the previous year[137]. - Operating profit for the first half of 2019 was CNY 21,233,528.35, an increase from CNY 15,163,792.49 in the previous year[137]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,830,875,793.25, reflecting a 12.08% increase from CNY 1,633,547,328.09 at the end of the previous year[18]. - The company's total liabilities reached CNY 873,725,017.48, up from CNY 706,963,364.74, indicating an increase of around 23.6%[130]. - Current liabilities rose significantly to CNY 590,170,817.71, compared to CNY 314,357,129.65, marking an increase of about 87.6%[129]. - Non-current liabilities decreased to CNY 283,554,199.77 from CNY 392,606,235.09, a reduction of approximately 27.8%[130]. - The company's total current assets amounted to CNY 437,066,985.99, up from CNY 419,188,872.80, indicating a growth of about 4.0%[128]. Investments and Acquisitions - The company completed the acquisition of 80% of Suzhou Tianhong Gas Co., further expanding its market presence in East China[40]. - The company acquired 80% of Suzhou Tianhong Gas Co., Ltd. for a total investment of 8,878.3 million RMB, which is expected to enhance its natural gas sales business[54]. - The company invested 2,000.0 million RMB to increase its stake to 55% in Tianjin Delong Energy Co., Ltd., focusing on natural gas pipeline and gas station development[54]. - The investment amount for the reporting period was RMB 165,068,878.33, a substantial increase of 217.56% compared to RMB 51,980,000.00 in the same period last year[53]. Business Operations - The company is focused on becoming a comprehensive energy supplier primarily based on clean natural gas, engaging in urban gas, LNG, and distributed energy businesses[26]. - The company's urban gas business revenue reached RMB 344 million in the first half of 2019, an increase of 26.38% year-on-year[34]. - The company has implemented a smart gas system to enhance management efficiency and reduce costs[40]. - The company is actively expanding its franchise areas and pipeline construction in underdeveloped regions, particularly in Hubei and Dalian[35]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total equity attributable to shareholders at the end of the reporting period was CNY 1,002,355,032.11[159]. - The company's capital reserve at the end of the reporting period was CNY 741,419,463.23[159]. - The retained earnings at the end of the reporting period were CNY 17,289,581.68[159]. Risk Management - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company faces risks related to natural gas pricing mechanisms and LNG market volatility, and it is taking measures to manage these risks[72][73]. Cash Flow - The net cash flow from investing activities was negative at RMB -133,787,728.44, a 257.12% increase in outflow from RMB -37,462,470.21, mainly due to the acquisition of Suzhou Tianhong[44]. - The net cash flow from financing activities surged by 751.56% to RMB 91,518,734.35, compared to RMB 10,747,178.05, driven by increased bank borrowings[44]. - Cash inflow from financing activities surged to CNY 474,700,000.00, compared to CNY 42,500,000.00 in the previous year, marking an increase of 1,000%[143]. Subsidiaries and Market Presence - The company established a wholly-owned subsidiary in Tianjin to actively explore business in the Beijing-Tianjin-Hebei region[40]. - The company’s subsidiary, Deyang Jingneng Natural Gas Co., Ltd., reported total assets of 471.3 million RMB and a net profit of 11.37 million RMB[62]. - The company’s subsidiary, Jiangxi Datong Gas Engineering Co., Ltd., achieved an operating income of 163.43 million RMB and a net profit of 3.81 million RMB[62]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[149]. - The future outlook remains positive, with expectations of continued growth in user data and market share expansion[149].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 161,245,513.88, representing an increase of 11.90% compared to CNY 144,101,358.88 in the same period last year[7]. - Net profit attributable to shareholders was CNY 1,329,232.12, a significant turnaround from a loss of CNY 5,742,869.66, marking a 123.15% increase[7]. - Basic and diluted earnings per share improved to CNY 0.004, compared to a loss of CNY 0.016 per share in the same quarter last year, reflecting a 125.00% increase[7]. - Net profit for Q1 2019 was ¥2,060,608.53, a 134.92% increase compared to a net loss of ¥5,900,787.01 in Q1 2018[16]. - Operating profit surged by 200.27% to ¥4,572,910.35 from a loss of ¥4,560,770.77, driven by increased gross profit[15]. - Total profit for Q1 2019 was ¥4,564,705.97, a 201.20% increase from a loss of ¥4,510,660.16 in Q1 2018[16]. - The company reported a total comprehensive income of ¥2,060,608.53, recovering from a total comprehensive loss of ¥2,933,850.17 in the previous year[39]. Cash Flow - The net cash flow from operating activities reached CNY 29,858,375.52, a substantial increase of 350.74% from a negative cash flow of CNY 11,908,093.06 in the previous year[7]. - Cash flow from operating activities improved by 350.74% to ¥29,858,375.52 from -¥11,908,093.06 in the same period last year[16]. - Cash flow from financing activities increased by 355.17% to ¥37,749,230.87 from -¥14,793,829.07, influenced by loans received and repayments made[16]. - The company achieved a cash flow net increase of ¥52,171,730.49, contrasting with a net decrease of ¥48,638,950.00 in the same period last year, showcasing a turnaround in cash management[44]. - The company recorded a profit before tax of ¥4,564,705.97, compared to a loss before tax of ¥4,510,660.16 in the previous period[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,687,462,098.06, up 3.30% from CNY 1,633,547,328.09 at the end of the previous year[7]. - Current liabilities rose significantly to CNY 482,971,753.21, compared to CNY 314,357,129.65, marking an increase of about 53.7%[29]. - Long-term borrowings decreased to CNY 270,749,998.00 from CNY 387,374,998.00, a reduction of approximately 30.1%[29]. - The total liabilities increased to CNY 758,817,526.18 from CNY 706,963,364.74, an increase of approximately 7.3%[29]. - Owner's equity reached CNY 926,583,963.35, including a capital reserve of CNY 655,659,170.58[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,223, with the top ten shareholders holding significant stakes[11]. - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., held 29.64% of the shares, amounting to 106,280,700 shares[11]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[12]. Other Financial Metrics - The company reported non-recurring gains of CNY 1,072,772.47, primarily from asset disposals and government subsidies[8]. - Financial expenses increased to ¥6,109,260.66 from ¥5,736,497.05, with interest expenses rising to ¥6,198,204.68 from ¥5,456,604.35[37]. - Investment income decreased by 68.59% to ¥227,589.48 from ¥724,565.29, mainly due to reduced investment income from joint ventures[15]. - The company reported a 30.81% reduction in selling expenses to ¥4,852,306.50 from ¥7,013,335.23, attributed to a decline in retail business[15].

Financial Performance - The company's operating revenue for 2018 was CNY 630,964,895.64, representing a 29.94% increase compared to CNY 485,589,663.85 in 2017[18]. - The net profit attributable to shareholders for 2018 was a loss of CNY 185,633,136.73, a significant decline of 870.02% from a profit of CNY 24,107,697.43 in 2017[18]. - The net cash flow from operating activities decreased by 82.81% to CNY 14,039,895.09, down from CNY 81,689,970.31 in the previous year[18]. - The total assets at the end of 2018 were CNY 1,633,547,328.09, a decrease of 5.34% from CNY 1,725,619,044.44 at the end of 2017[19]. - The net assets attributable to shareholders decreased by 16.67% to CNY 922,211,023.91, down from CNY 1,106,650,869.32 in 2017[19]. - The basic earnings per share for 2018 was -CNY 0.518, a decline of 873.13% from CNY 0.067 in 2017[18]. - The weighted average return on net assets was -18.32%, a decrease of 20.48 percentage points from 2.16% in 2017[18]. - The company's operating costs rose to CNY 488.83 million, reflecting a significant increase of 42.04% from CNY 344.16 million in the previous year[48]. - The company recorded a goodwill impairment provision of CNY 20.55 million during the reporting period, which significantly impacted operating profit[52]. Operational Challenges - The company has faced significant operational challenges leading to a substantial net loss in 2018[18]. - Future outlook includes addressing operational risks as detailed in the report[4]. - The LNG business is characterized by a higher degree of marketization, with revenue and profit being more volatile compared to urban gas operations[36]. - The company has not made significant changes to its business model or operating areas during the reporting period[38]. Revenue Sources - The gas supply and related income contributed CNY 550.39 million, accounting for 87.23% of total revenue, with a year-on-year increase of 38.62%[56]. - Total revenue from gas supply and related services reached ¥550,388,547.15, representing a 38.62% increase year-over-year[60]. - Revenue from Sichuan province accounted for 59.67% of total revenue, with a year-over-year growth of 16.82%[60]. - Revenue from Jiangxi province surged by 87.72% year-over-year, totaling ¥158,601,664.56, which is 25.14% of total revenue[60]. - Other business income increased by 50.27% year-over-year, amounting to ¥31,960,367.09[60]. Cash Flow and Investments - Operating cash inflow for 2018 was CNY 777.81 million, an increase of 32.36% compared to CNY 587.66 million in 2017[71]. - Operating cash outflow for 2018 was CNY 763.77 million, a significant increase of 50.95% from CNY 505.97 million in 2017[71]. - Investment cash inflow surged by 11,467.58% to CNY 27.90 million, compared to CNY 0.24 million in 2017[72]. - Net cash flow from investment activities improved by 43.58%, resulting in a net outflow of CNY 75.20 million[72]. - Financing cash inflow decreased by 71.19% to CNY 83.60 million, down from CNY 290.19 million in 2017[73]. - Net cash flow from financing activities fell by 72.81% to CNY 26.70 million, compared to CNY 98.20 million in 2017[73]. Market and Business Strategy - The company operates primarily in the clean energy sector, focusing on natural gas supply, with three main business segments: urban gas, LNG, and distributed energy[28]. - The company is actively expanding its gas business in underdeveloped regions, particularly in Hubei and Dalian, to tap into significant growth potential[42]. - The company plans to focus on refining urban gas operations and enhancing distributed energy business in 2019, supported by a stable new controlling shareholder[47]. - The company plans to actively explore energy supply markets related to its controlling shareholder and upstream/downstream enterprises[104]. - The company aims to enhance operational efficiency and market position through strict management and active market expansion[103]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company reported a net profit attributable to shareholders of -185.63 million yuan in 2018, with no cash dividends proposed for the year[116]. - The company has established a professional management team to enhance operational efficiency and market position[43]. - The company has engaged Sichuan Huaxin (Group) CPA as its auditor for 21 years, with an audit fee of 700,000 CNY for the current period[126]. - The company has a strong management team with diverse backgrounds, including finance, engineering, and business management, enhancing its operational capabilities[177][178]. Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3,847,100.66[190]. - The annual salary for the general manager is set at CNY 760,618.97, while the salary for other senior management positions is CNY 660,000 per year[190]. - The company has a total of 824 employees, with 35 in the parent company and 789 in major subsidiaries[191]. - Employee training programs are implemented to enhance skills and competencies, including onboarding and safety training[194]. Future Outlook - The company anticipates a slowdown in natural gas market growth in 2019 compared to 2017-2018 due to reduced "coal-to-gas" project progress[101]. - The company expects continued supply tightness during peak demand periods in 2019 due to limited natural gas import capacity and production[102]. - The company plans to focus on refining urban gas operations, expanding distributed energy projects, and strengthening LNG business in 2019[103]. - The company projects a revenue growth of 10% for the next fiscal year, targeting 1.32 billion CNY[183].

Financial Performance - Operating revenue for the period reached CNY 158,026,104.00, representing a 47.98% increase year-on-year[8] - Net profit attributable to shareholders surged by 278.08% to CNY 7,750,970.95 for the period[8] - The net profit after deducting non-recurring gains and losses increased by 195.68% to CNY 4,220,025.78[8] - Basic earnings per share rose by 283.33% to CNY 0.022[8] - The weighted average return on net assets increased by 1.08 percentage points to 0.69%[8] - Net profit for the first nine months of 2018 was ¥17,430,434.25, representing a 190.54% increase from ¥5,999,421.36 in the previous year, attributed to higher total profit and tax expenses[19] - The company reported a profit margin increase, with total profit rising by 191.06% to ¥32,709,294.73 compared to ¥11,238,114.58 in the same period last year[19] - The total comprehensive income for the first nine months of 2018 was ¥18,724,950.98, an increase of 860.22% from ¥1,950,073.43 in the previous year, indicating significant growth in overall profitability[19] Assets and Cash Flow - Total assets increased by 3.39% to CNY 1,784,084,158.78 compared to the end of the previous year[8] - The company reported a net cash flow from operating activities of CNY 63,077,434.10, down 5.42% year-to-date[8] - Cash flow from operating activities decreased by 5.42% to ¥63,077,434.10, primarily due to cash received from sales being less than cash paid for goods and services[19] - The company’s cash and cash equivalents net increase was ¥18,275,976.54, a decrease of 72.92% compared to the previous year, influenced by changes in investment and financing activities[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,839[12] - Tianjin Datong Investment Group Co., Ltd. held 40.94% of the shares, amounting to 146,825,228 shares, with 38,544,569 shares pledged[12] - The controlling shareholder, Daitong Group, transferred 106,280,700 shares (29.64% of total shares) to Beijing Dingshin Technology Development Co., Ltd. at a price of 9.41 CNY per share, totaling 1 billion CNY[20] - The share transfer was completed on October 15, 2018, with Dingshin becoming the largest shareholder and Ding Liguan as the new actual controller[20] Management and Governance - The company held a board meeting on October 22, 2018, to propose the election of 4 new directors and 2 additional directors, with a shareholder meeting scheduled for November 7, 2018[21] - There were no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[23] Government Support and Investments - The company received government subsidies amounting to CNY 227,532.65 during the reporting period[9] - The company did not engage in any securities investment, entrusted financial management, or derivative investments during the reporting period[24][25][26] Research and Development - Research and development expenses increased to ¥159,406.94, marking a 100% increase compared to the previous year, reflecting the company's commitment to innovation[18] Other Financial Activities - The company’s investment income surged by 558.70% to ¥11,370,479.12, compared to a loss of ¥2,478,847.01 in the same period of 2017, mainly from the sale of shares in a Hong Kong-listed company[18] - The company’s management expenses rose by 38.98% to ¥48,526,729.49, primarily due to increased salaries and other related costs[18] Communication and Restructuring - The company conducted communications regarding the background and intentions of the restructuring and share transfer on July 1, 2018[27]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 306,361,095.71, representing a 36.98% increase compared to CNY 223,648,024.48 in the same period last year[18]. - The net profit attributable to shareholders was CNY 9,625,597.54, a 3.12% increase from CNY 9,334,706.52 year-on-year[18]. - The net profit after deducting non-recurring gains and losses decreased by 6.67% to CNY 8,575,709.38 from CNY 9,188,969.87 in the previous year[18]. - The net cash flow from operating activities was CNY 27,663,004.93, down 21.46% from CNY 35,222,903.17 in the same period last year[18]. - Total operating revenue for the first half of 2018 reached CNY 306,361,095.71, an increase of 37.0% compared to CNY 223,648,024.48 in the same period last year[120]. - Operating profit for the period was CNY 15,150,760.17, slightly up from CNY 14,534,189.54, reflecting a growth of 4.2%[120]. - The company reported a comprehensive income total of CNY 17,137,230.10, compared to CNY 9,736,891.88, representing a significant increase of 76.8%[122]. - The total operating costs for the period were CNY 292,046,854.57, an increase of 40.8% from CNY 207,366,676.59 in the previous year[120]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,762,579,522.44, an increase of 2.14% from CNY 1,725,619,044.44 at the end of the previous year[18]. - The total liabilities of the company were CNY 634,690,648.40, compared to CNY 617,367,400.50 at the beginning of the period, representing an increase of approximately 2.1%[114]. - The company's current assets totaled CNY 411,646,235.75, slightly up from CNY 410,033,371.08 at the start of the period[113]. - The total liabilities decreased to 55,779,365.66, showing improved financial stability[134]. - The total owner's equity at the end of the period was 1,238,238 yuan, with a capital reserve of 741,419,463.23 yuan[140]. Investments and Capital Expenditures - The company has established its own LNG transportation fleet to enhance its LNG business operations[25]. - The company achieved operating revenue of 306.36 million yuan, a year-on-year increase of 36.98%, driven by growth in gas supply business[31]. - The company has ongoing investments in projects such as the Shanghai Jiading Data Center with a total investment of ¥4,386,441.62[44]. - The company plans to transfer 106,280,700 shares, representing 29.64% of its total shares, to Rongsheng Holdings at a price of RMB 9.41 per share, totaling RMB 1 billion[86]. - The total investment for the Dalian gas pipeline project was increased from RMB 32 million to RMB 49.05 million, with actual investment amounting to RMB 40.57 million as of June 30, 2018[90]. Business Segments and Operations - The company operates three main business segments: urban gas, LNG, and distributed energy, focusing on energy supply through various models[25]. - The company is expanding its distributed energy business, with the Shanghai Jiading data center project in trial operation[31]. - The company emphasizes investment, construction, and operation in its distributed energy business, tailoring solutions based on customer energy needs and local pricing[25]. - The company has established a self-owned transportation fleet for LNG, enhancing its logistics capabilities[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,631, with the largest shareholder, Tianjin Datong Investment Group Co., Ltd., holding 40.94% of the shares[97]. - The total number of shares outstanding is 358,631,009, with 21.98% being restricted shares[95]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[100]. Risk Management and Compliance - The company faces risks related to natural gas pricing mechanisms and potential price mismatches, which could impact profitability[54]. - The company emphasizes safety and environmental protection in its operations to mitigate production and transportation risks[55]. - The company has no significant environmental protection issues and is not classified as a key pollutant discharge unit[84]. Revenue Recognition and Accounting Policies - The company recognizes revenue from the sale of goods when the major risks and rewards of ownership have been transferred to the buyer, with reliable measurement of related income and costs[198]. - Revenue from service provision is recognized upon completion of the service within the same accounting year, or using the percentage-of-completion method if spanning different accounting years[198]. - The company confirms revenue from gas installation services upon project completion, or using the percentage-of-completion method if the project spans multiple accounting years[199]. - The company has implemented a comprehensive accounting policy for consolidating financial statements, ensuring all controlled subsidiaries are included[156].

Financial Performance - The company's operating revenue for 2017 was CNY 485,589,663.85, an increase of 2.55% compared to CNY 473,502,647.45 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 24,107,697.43, a significant turnaround from a loss of CNY 55,084,345.74 in 2016, representing a 143.77% increase[16] - The net profit after deducting non-recurring gains and losses was CNY 26,840,566.87, up 205.72% from a loss of CNY 25,388,583.80 in the previous year[16] - The net cash flow from operating activities improved to CNY 81,689,970.31, a 191.29% increase from a negative cash flow of CNY 89,479,998.04 in 2016[16] - Basic earnings per share for 2017 were CNY 0.067, compared to a loss of CNY 0.169 per share in 2016, marking a 139.64% improvement[18] - The operating profit for 2017 was ¥36.73 million, a significant increase of 167.22% from a loss of ¥54.64 million in 2016[41] - The company reported a net profit of CNY 26,815,900.00 for the year, with significant contributions from improved operational efficiency[60] Assets and Liabilities - Total assets at the end of 2017 were CNY 1,725,619,044.44, reflecting a 9.16% increase from CNY 1,580,783,325.38 at the end of 2016[18] - The net assets attributable to shareholders decreased slightly by 0.33% to CNY 1,106,650,869.32 at the end of 2017[18] - The company's total cash and cash equivalents increased by CNY 46,604,629.24, a 150.56% increase compared to the previous year[60] - As of December 31, 2017, the company had a consolidated financial statement scope that included 20 subsidiaries, an increase of 4 compared to the previous year[110] - Long-term borrowings increased to ¥410,374,999.00, representing 23.78% of total liabilities, up from 9.39% in 2016, an increase of 14.39%[63] Investments and Projects - The company’s long-term equity investments increased by ¥20.40 million, a growth of 37.71%, primarily due to the acquisition of shares in Jinshi Petrochemical and additional investment in Beijing Haofengguang Energy Technology[28] - The company completed the acquisition of a gas supply business in Yangxin County for ¥25,000,000, holding an 80% stake[71] - The cumulative investment in the Shanghai Jiading data center project reached ¥59,095,600, with an investment of ¥13,919,000 during the reporting period[75] - The company plans to establish a fleet of 100 LNG transport vehicles, with 30 already in place as of 2017[39] - The investment budget for the Dalian gas pipeline project was increased from CNY 32 million to CNY 49.05 million, with approximately 90% of the construction completed as of March 31, 2018[141] Business Strategy and Focus - The company has shifted its business focus to clean energy supply, primarily natural gas, transitioning from a dual business model to a single focus on clean energy[27] - The company’s strategy includes strengthening its presence in distributed energy and LNG sectors, aiming for synergistic development across urban gas, LNG, and distributed energy businesses[89] - The company plans to enhance market expansion and management optimization in 2018, focusing on systematic management and local market opportunities[90] - The company aims to maintain cash flow and profitability in distributed energy projects by carefully selecting projects and collaborating with advantageous partners[90] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[4] - The company faces risks related to the government-regulated pricing mechanism for pipeline natural gas, which may lead to price discrepancies and potential losses[91] - LNG prices are subject to market fluctuations, which could significantly impact profitability if market conditions change rapidly[91] Corporate Governance - The governance structure of the company has been strengthened, ensuring clear responsibilities and authority among the shareholders' meeting, board of directors, and supervisory board[184] - The actual governance status of the company does not significantly differ from the regulatory documents issued by the China Securities Regulatory Commission[185] - The independent directors actively contributed to the company's decision-making and internal control, providing professional advice that was adopted by the board[192] Employee and Management Information - The total number of employees in the company is 833, with 30 in the parent company and 803 in major subsidiaries[179] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 2,377,800 RMB[178] - The company emphasizes employee training and development, organizing various skill training and safety production training[181] Shareholder Information - The total number of shares is 358,631,009, with 62.23% being unrestricted shares[146] - The controlling shareholder, Tianjin Datong Investment Group Co., Ltd., holds 40.94% of the shares, totaling 146,825,228 shares, with 38,544,569 shares under lock-up[152] - The company has 30,582 common shareholders at the end of the reporting period, an increase from 30,184 the previous month[151] Communication and Reporting - The company conducted seven communication activities throughout the year, focusing on operational management and periodic report disclosures[93] - The company has not disclosed any major unpublicized information during the communication activities, ensuring compliance with regulations[93]