Financial Performance - The company's operating revenue for the first half of 2021 was ¥708,837,533.35, representing a 38.16% increase compared to ¥513,042,069.46 in the same period last year[21]. - The net profit attributable to shareholders was ¥17,134,796.21, a significant increase of 136.65% from ¥7,240,602.98 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥16,345,390.18, up 128.69% from ¥7,147,410.16 year-on-year[21]. - The basic earnings per share rose to ¥0.048, reflecting a 140.00% increase compared to ¥0.020 in the same period last year[21]. - The total operating revenue for the first half of 2021 was CNY 708,837,533.35, representing a year-on-year increase of 38.16% compared to CNY 513,042,069.46 in the same period last year[44]. - The revenue from gas supply and related services was CNY 652,333,490.03, accounting for 92.03% of total revenue, with a year-on-year growth of 43.08%[44]. - The operating cost increased to CNY 592,642,836.25, a rise of 43.21% compared to CNY 413,819,814.63 in the previous year, primarily due to increased LNG procurement prices[44]. - The company reported a significant increase in government subsidies, contributing to a 286.35% rise in other operating income to CNY 1,003,676.80 from CNY 259,785.16[44]. - The company reported a net profit of 258,403,000 for the current period, indicating a positive trend in profitability[169]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,202,537,535.02, an increase of 4.79% from ¥2,101,925,820.46 at the end of the previous year[21]. - The net assets attributable to shareholders increased to ¥1,018,767,462.20, a growth of 1.67% from ¥1,002,076,140.93 at the end of the previous year[21]. - The company's total liabilities amounted to CNY 1,132,381,669.07, compared to CNY 1,052,018,361.20, which is an increase of approximately 7.6%[141]. - The total liabilities at the end of the reporting period were 74,940,000, which is a decrease from the previous period's 92,000,000, indicating improved financial health[168]. - The total owner's equity at the end of the reporting period is 1,068,338,900 yuan, showing a decrease from the previous period[175]. Cash Flow - The net cash flow from operating activities was ¥44,662,776.29, showing a decrease of 7.01% compared to ¥48,029,733.37 in the same period last year[21]. - Cash and cash equivalents increased by CNY 75,956,525.69, a substantial rise of 254.52% from CNY 21,425,197.24 in the same period last year[44]. - The cash flow from financing activities saw a net inflow of CNY 50,811,315.83, a remarkable increase of 159.43% compared to CNY 19,586,024.89 in the previous year[44]. - The cash flow from financing activities resulted in a net inflow of CNY 50.81 million in the first half of 2021, compared to a net inflow of CNY 19.59 million in the same period of 2020, showing an increase of approximately 159.5%[158]. - The company's cash and cash equivalents at the end of the first half of 2021 totaled CNY 213.29 million, up from CNY 146.42 million at the end of the first half of 2020, representing an increase of about 45.5%[158]. Business Operations - The company's main business focuses on clean energy supply, primarily natural gas, with three main segments: urban gas, LNG, and distributed energy[29]. - In the first half of 2021, the company sold 131 million cubic meters of gas, with LNG operations totaling 69,400 tons and joint ventures handling 275,800 tons[35]. - The urban gas business revenue is influenced by gas source costs, pipeline supply capacity, and government price controls, while LNG business revenue is more volatile due to market pricing[31]. - The company has five licensed urban gas entities, expanding its market presence and enhancing its competitive position[36]. - Strategic cooperation with Shanghai Jiulian Group aims to enhance LNG supply and distributed energy projects, improving service capabilities in the East China market[39]. - The company is actively developing gas infrastructure in regions with low gas utilization, such as Hubei and Dalian, to tap into significant market potential[37]. Research and Development - Research and development expenses rose to CNY 964,649.87, marking an increase of 186.70% compared to CNY 336,467.34 in the previous year[44]. - The company plans to continue expanding its market presence and developing new technologies to enhance operational efficiency[169]. Risks and Challenges - The company faces risks from the COVID-19 pandemic, with ongoing measures to ensure stable operations despite potential regional outbreaks[77]. - Policy risks related to unclear natural gas power generation policies may pressure the company's distributed energy business, prompting increased research into pricing and project approval policies[77]. - Competition risks are heightened due to cost audits and supply pressures, leading to intensified market competition and opportunities for mergers and acquisitions to expand scale[78]. - The company is actively seeking stable supplies from multiple high-quality gas sources to mitigate reliance on upstream suppliers and protect profit margins[78]. - Safety management is a priority as the company expands its gas network, with enhanced training and measures to prevent major safety incidents[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 33,444[124]. - Beijing Dingshin Technology Development Co., Ltd. holds 32.00% of the shares, totaling 114,761,828 shares, which are pledged[124]. - The company has a first-phase employee stock ownership plan holding 2,827,400 shares, representing 0.79% of the total shares[125]. - The report indicates that no repurchase transactions were conducted by the top 10 ordinary shareholders during the reporting period[127]. Compliance and Governance - The company is committed to compliance with the accounting standards set by the Ministry of Finance and relevant disclosure regulations[182]. - The financial statements comply with the requirements of the Accounting Standards for Business Enterprises, accurately reflecting the company's financial position, operating results, and cash flows[184]. - The company has sufficient financial support for its ongoing operations, with no significant doubts about its ability to continue as a going concern for the next 12 months[183].

Financial Performance - The company's operating revenue for 2020 was CNY 1,275,434,692.59, representing a 22.88% increase compared to CNY 1,037,957,543.04 in 2019[17]. - The net profit attributable to shareholders decreased by 15.45% to CNY 34,922,703.29 in 2020 from CNY 41,303,050.87 in 2019[17]. - The net cash flow from operating activities increased significantly by 102.51% to CNY 109,745,288.35 in 2020, compared to CNY 54,193,038.62 in 2019[17]. - The basic earnings per share decreased by 15.65% to CNY 0.097 in 2020 from CNY 0.115 in 2019[17]. - The net profit after deducting non-recurring gains and losses was CNY 32,617,009.08 in 2020, down 22.80% from CNY 42,252,530.36 in 2019[17]. - The company reported a decline in the weighted average return on net assets to 3.57% in 2020, down from 4.39% in 2019, a decrease of 0.82 percentage points[18]. - The company reported a net loss of ¥41,902,825.33, which is a decrease from a loss of ¥70,079,350.55 in the previous year[74]. - The company achieved a consolidated net profit of -CNY 5.78 million, a decrease of CNY 0.18 million or 3.23% year-on-year, mainly due to the shutdown of Yizhuang Energy Station since August 2020[100]. Assets and Liabilities - The total assets at the end of 2020 were CNY 2,101,925,820.46, a 5.81% increase from CNY 1,986,493,780.21 at the end of 2019[18]. - The net assets attributable to shareholders increased by 4.22% to CNY 1,002,076,140.93 at the end of 2020 from CNY 961,500,410.71 at the end of 2019[18]. - The company's accounts receivable decreased by CNY 66,787,300 or 36.53%, primarily due to the recovery of gas payments by subsidiaries[33]. - The company's inventory increased to ¥59,252,668.98, representing 2.82% of total assets, up from 2.44% in the previous year[73]. - Short-term borrowings rose to ¥535,440,000.00, accounting for 25.47% of total liabilities, an increase from 22.10%[73]. - The company's contract liabilities increased to ¥122,016,354.99, which is 5.80% of total liabilities, up from 4.32%[73]. Revenue Sources - Revenue from gas supply and related services was 1,152,118,726.35 yuan, accounting for 90.33% of total operating revenue, with a year-on-year growth of 25.32%[52]. - The sales volume of gas increased by 50.54% year-on-year, reaching 49,001.10 million cubic meters, mainly due to the consolidation of Suzhou Tianhong Gas Co., Ltd. for a full year[55][57]. - The company reported a total gas sales volume of 319 million cubic meters for the reporting period[32]. - The LNG business operated at a total of 15.8 million tons within the consolidated scope, with joint venture Jinshi Petrochemical handling an additional 609,000 tons[32]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company signed a strategic cooperation memorandum with Shanghai Jiulian Group, enhancing its LNG business and market presence in East China[40]. - The company acquired assets from Wuxue Zhongran City Gas Development Co., expanding its market presence in the Yangxin area[40]. - The company plans to focus on energy industry chain operations, market expansion, and resource acquisition to enhance competitiveness in 2021[106]. Operational Efficiency - The company operates five gas entities with exclusive operating rights across various regions, enhancing its market position[32]. - The company’s LNG transportation fleet consists of 32 trucks, which are currently operating at full capacity[26]. - The company’s cash flow per share from operating activities was CNY 0.31, reflecting its operational efficiency[42]. - The company reported a total of ¥158,477,485.97 in mortgaged assets, including fixed assets, construction in progress, intangible assets, and investment properties[79]. Research and Development - Research and development expenses rose significantly by 537.94% to ¥1,680,542.46, reflecting increased R&D activities[66]. - The number of R&D personnel increased by 175.00% to 11, indicating a focus on enhancing technological capabilities[66]. - The proportion of R&D investment to operating revenue was 0.13%, up from 0.03% in the previous year[66]. Shareholder Information - The total number of shares is 358,631,009, with 99.96% being unrestricted shares (358,483,169) and 0.04% being restricted shares (147,840)[158]. - The number of shareholders increased to 43,139 from 38,017 in the previous month, indicating a growth in shareholder base[160]. - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., holds 32.00% of the shares, totaling 114,761,828 shares, which are currently pledged[161]. Corporate Governance - The company has maintained a stable relationship with its accounting firm, which has provided audit services for 23 years, with a fee of CNY 800,000 for the current period[126]. - The company has a strong commitment to corporate governance and transparency, as evidenced by its detailed reporting on shareholder structure and management[164]. - The company has established a strong governance framework, with a dedicated supervisory board led by Ma Hui, ensuring financial oversight and accountability[180]. Risk Management - The company identifies potential risks including pandemic impacts, policy uncertainties, and intensified market competition, and plans to leverage its competitive advantages to seek expansion opportunities[109]. - The company has established stable and good cooperative relationships with upstream gas suppliers, but there is a certain dependency on gas sources, which may impact business operations[110]. Employee Information - The total number of employees in the company is 1,073, with 1,028 in major subsidiaries and 45 in the parent company[187]. - The average annual salary for the general manager is 760,000 CNY, while the average for vice presidents and other senior management is 660,000 CNY[185]. - The company has established a salary system based on hierarchical management, positive incentives, and relative fairness, ensuring a fair compensation structure across departments[189].

Revenue and Profitability - Revenue for Q1 2021 reached ¥361,082,495.33, an increase of 55.87% compared to ¥231,661,453.55 in the same period last year[8] - Net profit attributable to shareholders was ¥457,097.67, a turnaround from a loss of ¥15,261,346.59, representing a 103.00% improvement[8] - Net profit excluding non-recurring items was ¥315,447.82, compared to a loss of ¥15,085,383.68, marking a 102.09% increase[8] - Basic earnings per share improved to ¥0.001 from a loss of ¥0.043, reflecting a 102.33% increase[8] - Net profit for Q1 2021 was ¥1,677,893.81, a significant turnaround from a net loss of ¥15,146,827.87 in Q1 2020, reflecting an improvement of 111.08%[18] - The total profit for Q1 2021 was ¥5,831,316.09, a 143.88% increase from a loss of ¥13,287,789.79 in Q1 2020, largely due to the impact of the pandemic in the previous year[18] - The profit attributable to the parent company's shareholders was CNY 457,097.67, compared to a loss of CNY 15,261,346.59 in the previous year[41] - The company reported an investment income of CNY 2,669,033.30 in Q1 2021, a turnaround from a loss of CNY 567,165.54 in Q1 2020[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,141,433,558.95, up 1.88% from ¥2,101,925,820.46 at the end of the previous year[8] - Total assets as of March 31, 2021, amounted to CNY 2,141,433,558.95, up from CNY 2,101,925,820.46 at the end of 2020, reflecting a growth of 1.4%[33] - Total liabilities increased to CNY 1,090,055,761.47 from CNY 1,052,018,361.20, representing a rise of 3.6%[32] - The company's total equity as of March 31, 2021, was CNY 1,051,377,797.48, up from CNY 1,049,907,459.26[33] Cash Flow - The net cash flow from operating activities was negative at -¥23,524,335.81, worsening by 76.45% compared to -¥13,332,284.92 in the previous year[8] - The company's cash flow from operating activities showed a net decrease of ¥23,524,335.81 in Q1 2021, a decline of 76.45% compared to the previous year, influenced by rising LNG prices and reduced social security exemptions[18] - The net cash flow from operating activities for Q1 2021 was -23,524,335.81 CNY, compared to -13,332,284.92 CNY in Q1 2020, indicating a decline in operational cash flow[46] - The company's cash flow from operating activities was significantly impacted, with cash outflows totaling 492,864,600.73 CNY in Q1 2021, compared to 321,799,672.90 CNY in Q1 2020, an increase of about 53%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,017[12] Government Support - The company received government subsidies amounting to ¥231,078.55 during the reporting period[9] Operating Costs and Expenses - Total operating costs for Q1 2021 were CNY 357,829,025.63, up from CNY 244,780,991.47 in the same period last year, reflecting a 46.2% increase[40] - The company's sales expenses increased by 35.12% to ¥8,364,690.27 in Q1 2021, compared to ¥6,190,359.70 in Q1 2020, reflecting adjustments in response to market conditions[17] - The company incurred research and development expenses of CNY 426,921.18 in Q1 2021, indicating ongoing investment in innovation[40] Investment Strategy - The company did not engage in any securities or derivative investments during the reporting period, maintaining a conservative investment strategy[20][21] - The company's cash flow from investing activities showed a net outflow of 22,584,870.00 CNY in Q1 2021, compared to a net inflow of 15,501,217.11 CNY in Q1 2020, indicating a significant shift in investment strategy[50]

Financial Performance - Operating revenue for the reporting period was CNY 296,431,088.29, representing a year-on-year increase of 15.70%[7] - Net profit attributable to shareholders was CNY 12,515,002.89, up 32.84% compared to the same period last year[7] - Basic earnings per share for the reporting period were CNY 0.035, an increase of 34.62% compared to the previous year[7] - The weighted average return on net assets was 1.28%, an increase of 0.28 percentage points from the previous year[7] - Total operating revenue for Q3 2020 was CNY 296,431,088.29, an increase of 15.7% compared to CNY 256,214,054.26 in the same period last year[39] - Net profit for Q3 2020 reached CNY 15,429,179.21, representing a 48.5% increase from CNY 10,392,335.58 in Q3 2019[40] - The net profit attributable to the parent company was CNY 12,515,002.89, up 32.3% from CNY 9,421,103.80 in the same quarter last year[41] - Net profit for the first nine months of 2020 was CNY 25,330,879.43, compared to CNY 24,569,339.40 in the previous year, reflecting a growth of 3.1%[47] - The total comprehensive income attributable to the parent company was CNY 19,755,605.87, compared to CNY 23,068,767.80 in the previous year, a decline of 14.5%[48] Cash Flow - Net cash flow from operating activities was CNY 16,515,738.86, a significant increase of 155.46% year-on-year[7] - The company's cash flow from operating activities increased significantly by 164.23%, reaching CNY 64,545,472.23 compared to CNY 24,427,316.62 in the previous year[17] - Cash flow from operating activities generated a net amount of CNY 64,545,472.23, up from CNY 24,427,316.62 in the prior year, showcasing enhanced cash generation capabilities[53] - The net cash flow from investment activities improved by 50.01%, with a net outflow of CNY 71,990,003.21 compared to CNY 144,018,334.99 in the previous year[17] - The company reported a cash and cash equivalents balance of CNY 132,945,676.71 at the end of the reporting period, up from CNY 42,195,492.59 at the end of the previous year[54] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,032,673,916.56, an increase of 2.32% compared to the end of the previous year[7] - The company's total liabilities were CNY 1,020,585,955.68, compared to CNY 1,000,219,533.01 at the end of 2019, showing an increase of approximately 2.6%[33][34] - Short-term borrowings rose to CNY 588,340,000.00 from CNY 439,000,000.00, representing an increase of about 33.9%[32][34] - The company's equity attributable to shareholders increased to CNY 981,738,850.83 from CNY 961,500,410.71, reflecting a growth of approximately 2.8%[34] - Total liabilities decreased to CNY 515,964,673.54 from CNY 539,171,449.12 in the previous quarter[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,462[11] - The largest shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., held 32.00% of the shares[11] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 1,960,051.19 during the reporting period[8] - The company's financial expenses rose by 49.08% to CNY 33,038,657.21, primarily due to increased interest expenses from bank loans[16] - The company's management expenses increased to CNY 67,278,238.79, up 20.5% from CNY 55,865,967.84 year-on-year[46] - The tax and additional charges amounted to CNY 6,390,719.11, an increase of 20.2% compared to CNY 5,318,669.90 in the previous year[46] Research and Development - The company's research and development expenses amounted to CNY 872,281.99, reflecting the establishment of a new subsidiary focused on technology[16] - Research and development expenses for Q3 2020 were CNY 535,814.65, indicating ongoing investment in innovation[40] Other Financial Activities - The company did not engage in any repurchase transactions during the reporting period[12] - The company has no derivative investments or entrusted financial management during the reporting period[24][25] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company implemented new revenue and leasing standards starting January 1, 2020, which required adjustments to the financial statements[58] - The company adopted new revenue recognition and leasing standards effective January 1, 2020, impacting the classification of pre-receipts to contract liabilities[66] - The third quarter report for 2020 was not audited, indicating a potential area for further scrutiny[66] - The company’s chairman, Ding Liguo, presented the report on October 30, 2020, highlighting the importance of transparency in financial reporting[67]

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].

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]

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 - 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].