Financial Performance - The company's operating revenue for 2021 was ¥164,557,989.20, representing a 25.20% increase compared to ¥131,431,254.34 in 2020[20] - The net profit attributable to shareholders decreased by 63.08% to ¥3,344,394.17 from ¥9,059,702.04 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥2,642,539.07, a significant improvement of 131.86% from a loss of ¥8,294,008.24 in 2020[20] - The net cash flow from operating activities improved by 85.67%, reaching -¥1,080,281.28 compared to -¥7,538,445.51 in 2020[20] - The total assets at the end of 2021 were ¥238,583,439.47, a slight increase of 1.28% from ¥235,559,012.89 in 2020[20] - The net assets attributable to shareholders increased by 1.95% to ¥168,196,306.39 from ¥164,971,865.87 in 2020[20] - The basic earnings per share decreased by 62.98% to ¥0.0087 from ¥0.0235 in 2020[20] - The weighted average return on net assets was 2.01%, down from 5.40% in the previous year, indicating a decline in profitability[20] - The total amount of non-recurring gains and losses was 701,855.10 in 2021, significantly lower than 17,353,710.28 in 2020, indicating a reduction in extraordinary financial events[26] Revenue Breakdown - The nickel-based alloy materials business generated revenue of CNY 14,432.35 million, up 38.02% compared to the previous year[40] - In 2021, the revenue from nickel-based alloy manufacturing reached ¥128,116,333.10, representing a year-on-year increase of 40.97% for alloy wire and 33.49% for alloy bar[48] - The landscaping business experienced a decline in revenue by 29.58%, totaling CNY 17,899,179.64[41] - The company’s domestic revenue accounted for 83.95% of total revenue, while international revenue surged by 129.19% to CNY 26,413,753.53[41] - The company’s alloy rod products generated revenue of CNY 67,722,023.51, marking a 27.60% increase from the previous year[41] - The company's main business revenue from the sale of alloy wires and alloy bars for the year 2021 was RMB 142.20 million[197] Operational Efficiency - The company operates a "sales-driven production" model, ensuring that production aligns closely with market demand and customer requirements[31] - The company has established a comprehensive quality control system and has been recognized as a high-tech enterprise, holding ISO9001 certification[32] - The landscaping subsidiary has implemented a structured procurement management system to optimize supplier management and reduce operational risks[35] - The company implemented 25 new internal control measures to enhance governance and operational efficiency during the reporting period[40] - The company aims to improve product yield and reduce consumption through enhanced production process control[78] - The company will strengthen internal management to control production costs and improve gross profit margins[78] Governance and Management - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining transparency in information disclosure[87] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, finance, and institutions, ensuring no conflicts of interest[89] - The company completed the election of the 11th Board of Directors and Supervisory Board on February 14, 2022, ensuring continuity and stability in governance[94] - The company has maintained a consistent leadership structure with no major disruptions in management roles[94] - The company is focusing on enhancing its corporate governance structure following the recent leadership changes, which may impact future strategic decisions[99] Employee and Remuneration - The total number of employees at the end of the reporting period is 205, with 11 in the parent company and 194 in major subsidiaries[120] - The total pre-tax remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to 2.3282 million yuan[112] - The chairman and president, Gan Lin, received a pre-tax remuneration of 67,700 yuan[111] - The company’s remuneration policy is based on industry standards and internal salary levels, adjusted according to operational performance[110] - Employee benefits include social insurance contributions and additional perks such as transportation and meal allowances, ensuring employee rights are protected[137] Risks and Challenges - The company faces significant risks in its nickel-based alloy materials business due to large fluctuations in the price of electrolytic nickel, which impacts its main operations[80] - The landscaping business faces competitive pressures due to its relatively small scale and lack of brand recognition in the market[36] - The company is exposed to collection risks in landscaping projects, as it often needs to advance funds before receiving payments, which can impact cash flow and project sustainability[82] - The company has not faced any penalties from securities regulatory authorities in the past three years for its directors, supervisors, and senior management[109] Future Outlook - The company plans to expand its market share in nickel-based alloy products and develop new high-value-added products[75] - The company intends to actively undertake landscaping projects to enhance profitability and ensure project quality control[79] - The company is expected to outline its future strategic direction in upcoming communications, particularly in light of the recent management transitions[99] - The company plans to improve its gross profit margin by continuously updating products and enhancing production processes, as well as strengthening internal controls and performance assessments[80] Compliance and Legal Matters - The company did not engage in any major litigation or arbitration matters during the reporting period[151] - There were no violations of external guarantees during the reporting period.[146] - The company has not engaged in any daily operational related party transactions during the reporting period.[154] - The company has not made any significant changes to accounting policies or estimates during the reporting period.[147]

Financial Performance - The company's revenue for the third quarter reached ¥40,843,460.05, an increase of 31.37% compared to the same period last year[5] - Net profit attributable to shareholders was ¥1,536,976.89, up 36.20% year-on-year, while net profit for the year-to-date decreased by 79.40% to ¥1,994,292.84[5] - The net profit excluding non-recurring gains and losses was ¥1,401,370.80, a significant increase of 46.77% compared to the same quarter last year[5] - Total operating revenue for the period reached CNY 112,044,337.11, an increase of 15.3% compared to CNY 97,123,654.21 in the previous period[28] - The company reported a net loss of CNY 330,064,627.11, slightly improved from a loss of CNY 332,058,919.95 in the previous period[28] - The net profit for the current period is CNY 1,994,292.84, a significant decrease from CNY 7,790,318.53 in the previous period, representing a decline of approximately 74.4%[29] - The total profit for the current period is CNY 2,538,433.60, down from CNY 7,823,351.83, indicating a decrease of about 67.6%[29] - The operating profit for the current period is CNY 2,531,005.80, compared to CNY 7,809,093.09 in the previous period, reflecting a decline of approximately 67.6%[29] - The total comprehensive income for the current period is CNY 1,925,827.01, down from CNY 7,709,246.56, representing a decrease of about 75.1%[30] - The basic and diluted earnings per share for the current period are both CNY 0.0052, compared to CNY 0.0251 in the previous period, indicating a decline of approximately 79.3%[30] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥237,482,592.70, reflecting a slight increase of 0.82% from the end of the previous year[7] - Total assets as of September 30, 2021, were CNY 237,482,592.70, slightly up from CNY 235,559,012.89 at the end of 2020[26] - Total liabilities remained stable at CNY 70,584,899.82, compared to CNY 70,587,147.02 in the previous period[26] Cash Flow - Cash flow from operating activities showed a negative net amount of -¥1,630,016.78, a decrease of 136.18% compared to the previous year[12] - The cash flow from operating activities shows a net outflow of CNY -1,630,016.78, contrasting with a net inflow of CNY 4,504,959.66 in the previous period[34] - The total cash outflow from investing activities is CNY 6,885,138.75, compared to a net inflow of CNY 5,949,345.23 in the previous period[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,495[14] - The largest shareholder, Holguo Tonghai Equity Investment Co., Ltd., holds 20.00% of the shares, totaling 77,021,275 shares[14] - The second-largest shareholder, Qiongqing City Zhaoyin No. 3 Investment Partnership, holds 13.66% of the shares, totaling 52,600,000 shares[14] - The total number of shares held by the top ten shareholders includes significant stakes from both institutional and individual investors[15] Share Transfer Process - The company is in the process of a potential share transfer involving Holguo Tonghai Equity Investment Co., Ltd. and Beijing Rongrui Investment Co., Ltd., which could change the control of the company[16] - The share transfer agreement is contingent upon obtaining necessary approvals and financing of at least 500 million RMB[17] - As of April 20, 2021, the formal share transfer agreement has not yet been signed due to pending approvals[18] - The company has been actively monitoring the share transfer process and has issued multiple reminders to the controlling shareholder regarding disclosure obligations[22] - There is a risk that the state-owned asset approval process may not be completed, which could affect the transaction[21] - The company has disclosed the progress of the share transfer in various announcements throughout 2021[22] Operational Metrics - Cash and cash equivalents decreased by 53.07% to ¥9,477,329.51, mainly due to payments for project costs and other cash expenses[10] - The company's cash and cash equivalents decreased to CNY 9,477,329.51 from CNY 20,194,619.89, a decline of 53%[24] - Accounts receivable increased significantly to CNY 40,607,039.72 from CNY 26,749,026.86, representing a growth of 51.6%[25] - Inventory levels rose to CNY 40,681,277.01, compared to CNY 34,818,123.18, marking an increase of 16.7%[25] - Long-term investments increased to CNY 8,861,745.14 from CNY 8,536,966.98, showing a growth of 3.8%[25] - Management expenses decreased by 37.86% to ¥10,720,437.96, primarily due to the absence of significant asset disposal costs incurred in the previous year[10] - The weighted average return on net assets was 0.93%, a decrease of 3.90% compared to the previous year[5] - The company recorded a significant drop in investment income, down 98.03% to ¥324,778.16, due to the absence of major asset disposals this year[12] Compliance and Standards - The company has not made any adjustments to the initial balance sheet items due to the new leasing standards, as the leasing business does not involve any items requiring adjustment[37]

Financial Performance - The company achieved operating revenue of CNY 71,200,877.06, representing a year-on-year increase of 7.83%[20] - The net profit attributable to shareholders decreased by 94.65% to CNY 457,315.95 compared to the same period last year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 106.61% to CNY 180,792.02[20] - The company's revenue for the reporting period was ¥71,200,877.06, representing a year-over-year increase of 7.83% compared to ¥66,032,348.65 in the same period last year[39] - The revenue from the metallurgy industry accounted for 90.07% of total revenue, increasing by 19.06% year-over-year, while the landscaping industry revenue decreased by 41.90%[41] - The gross profit margin for the metallurgy industry was 12.45%, a slight decrease of 0.22% from the previous year, while the landscaping industry had a gross profit margin of 24.50%[43] - The company reported a significant decrease in management expenses by 46.42% to ¥7,693,770.49, attributed to the absence of major asset disposal-related costs from the previous period[39] - The company reported a significant increase in accounts payable, rising to CNY 16,194,169.26 from CNY 11,744,407.99, an increase of about 37.80%[120] - The company reported a net profit of 5.95 million yuan, representing a significant increase of 119.5% year-over-year[139] Cash Flow and Assets - The net cash flow from operating activities was CNY 6,532,785.66, an increase of 262.57% compared to the same period last year[20] - The company's total assets included cash and cash equivalents of ¥25,345,775.62, which accounted for 10.77% of total assets, an increase from 8.57% last year[47] - The accounts receivable increased to ¥41,057,126.65, representing 17.45% of total assets, up from 11.36% in the previous year[47] - The total assets at the end of the reporting period were CNY 235,267,090.70, a slight decrease of 0.12% from the end of the previous year[20] - The total current assets amounted to CNY 121,014,702.14, an increase from CNY 110,761,148.03 in the previous period, reflecting a growth of approximately 11.25%[120] - The total non-current assets decreased to CNY 114,252,388.56 from CNY 124,797,864.86, representing a decline of about 8.06%[120] - The company’s cash and cash equivalents decreased to CNY 3,917,210.34 from CNY 7,296,968.61, a decline of approximately 46.36%[123] Business Operations - The company signed new contracts for nickel-based alloy business amounting to CNY 85,041,800, a growth of 43.26% year-on-year[26] - The company’s garden greening business saw new contracts worth CNY 15,960,000, a significant increase of 464.76% year-on-year[26] - The production and sales of nickel-based alloy materials generated revenue of CNY 64,133,500, up 19.06% from the previous year[26] - The company specializes in nickel-based alloy materials, including K500, I718, and R405, which are used in various industries such as automotive and petrochemical[28] - The company adopts a "sales-driven production" model, ensuring stable product yield and timely sales through direct sales to downstream customers[29] - The landscaping engineering business is managed by a wholly-owned subsidiary, focusing on project management and quality control[32][34] - The landscaping industry is expected to grow rapidly due to increasing government emphasis on environmental protection and urban greening[34] Market and Competitive Landscape - The domestic nickel-based alloy industry is growing rapidly, driven by high-end manufacturing and aerospace sectors, despite facing challenges in production technology compared to international standards[30] - The company faces competitive pressures in the landscaping business due to its relatively short operational history and smaller scale[34] - The landscaping business is experiencing intense market competition, which may impact market share and operational performance due to the company's relatively short presence in the industry[58] Strategic Plans and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[6] - The company plans to expand its market presence through strategic partnerships and new product launches in the upcoming quarters[141] - The company aims to enhance its operational efficiency by implementing new technologies in production processes[141] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[141] - The company has set a performance guidance for the next half of the year, targeting a revenue growth of 10%[141] - Future guidance indicates a target of achieving 2.5 billion CNY in revenue by the end of 2022, with a focus on sustainable growth and profitability[168] Shareholder and Governance Matters - The company has a total guarantee amount of 2,494.58 million CNY, which accounts for 15.08% of its net assets[93] - The controlling shareholder intends to transfer 20.00% of the company's total shares, which may lead to a change in control of the company[96] - There is a potential change in control as the major shareholder plans to transfer 20% of the company's shares, which may require regulatory approval[59] - The company has not declared any cash dividends or stock bonuses for the half-year period, indicating a focus on reinvestment[66] - The company has not engaged in any significant related party transactions during the reporting period[82] Compliance and Regulatory Matters - The half-year financial report has not been audited[77] - The financial report was approved by the board of directors on August 23, 2021, ensuring compliance with accounting standards[154] - The company operates under the assumption of continuous operation, with no significant doubts regarding its ability to continue as a going concern[156] - The company is committed to ensuring compliance with regulatory requirements throughout the transaction process[100] Risk Management - The company faced significant risks in its nickel-based alloy materials business due to fluctuating raw material prices and low gross margins, prompting plans to improve product offerings and production processes[57] - The company is addressing cash collection risks in landscaping projects, which require upfront funding and are affected by clients' payment timelines[58] - The company is implementing measures to enhance control over subsidiaries, focusing on major operational decisions and financial management to mitigate management risks[59] Research and Development - The company has a strong technical and R&D advantage, with a focus on production technology innovation and a well-established quality control system[35] - Research and development expenses increased by 8.52% to support innovation and new technology initiatives[142] - The company is focusing on enhancing its R&D capabilities, allocating 15% of its annual revenue towards innovation and technology advancements[168] Financial Instruments and Accounting Policies - The company recognizes gains and losses from joint operations only after the assets are sold to third parties, confirming full impairment losses for assets contributed to joint operations[172] - Financial instruments are classified as financial assets, financial liabilities, or equity instruments, with specific criteria for measurement and recognition[175] - The company maintains a structured approach to managing financial instruments, ensuring compliance with relevant accounting standards[176]

Financial Performance - The company's operating revenue for Q1 2021 was ¥32,346,046.72, representing a 19.22% increase compared to ¥27,131,672.70 in the same period last year[9]. - The net profit attributable to shareholders was ¥1,376,700.62, a significant turnaround from a loss of ¥2,651,701.02 in the previous year, marking a 151.92% increase[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,192,691.62, compared to a loss of ¥2,794,409.84 last year, reflecting a 142.68% improvement[9]. - The basic earnings per share increased to ¥0.0036 from a loss of ¥0.0069, showing a 152.17% growth[9]. - Operating profit improved by 137.15% to 1,404,833.46, driven by contributions from the subsidiary's landscaping engineering business[16]. - Net profit attributable to the parent company reached 1,376,700.62, a 151.92% increase, influenced by reduced foreign exchange losses and improved subsidiary performance[16]. - The total comprehensive income for Q1 2021 was CNY 1,357,135.92, a recovery from a loss of CNY 3,815,937.50 in Q1 2020[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥231,828,839.77, a decrease of 1.58% from ¥235,559,012.89 at the end of the previous year[9]. - Current assets totaled CNY 108,171,007.66, down from CNY 110,761,148.03, indicating a decrease of about 2.36%[32]. - The company's cash and cash equivalents decreased to CNY 14,857,697.12 from CNY 20,194,619.89, representing a decline of approximately 26.06%[32]. - Accounts receivable increased to CNY 30,903,600.18 from CNY 26,749,026.86, showing an increase of about 15.96%[32]. - Inventory decreased to CNY 32,419,024.57 from CNY 34,818,123.18, reflecting a decline of approximately 6.86%[32]. - Total liabilities decreased to CNY 65,499,837.98 from CNY 70,587,147.02, a reduction of about 7.19%[34]. - Non-current liabilities decreased to CNY 41,833,025.77 from CNY 45,103,001.19, indicating a decrease of approximately 7.56%[34]. Cash Flow - The net cash flow from operating activities was negative at -¥4,258,058.83, a decline of 465.04% compared to a positive cash flow of ¥1,166,473.34 in the same period last year[9]. - Operating cash inflow for the current period was CNY 28,600,647.52, an increase of 9.8% from CNY 25,142,393.91 in the previous period[48]. - Cash outflow from operating activities totaled CNY 32,858,706.35, up 37.1% from CNY 23,975,920.57 in the previous period[49]. - Cash flow from investment activities resulted in a net outflow of CNY -155,000.00, a decrease from a net inflow of CNY 4,704,020.00 in the previous period[49]. - Cash flow from financing activities showed a net outflow of CNY -923,863.94, slightly improved from CNY -1,013,530.65 in the previous period[50]. - The net increase in cash and cash equivalents was CNY -5,336,922.77, contrasting with a net increase of CNY 4,856,962.69 in the previous period[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,426[12]. - The controlling shareholder plans to transfer 20.00% of the company's shares, which may lead to a change in control, but the formal agreement has not yet been signed[18]. Government and Other Income - The company received government subsidies amounting to ¥178,640.24 during the reporting period[10]. - Cash received from other operating activities surged by 252.14% to 629,215.61, primarily from rental income received by a subsidiary[17]. - Cash received from tax refunds was CNY 65,356.05, down from CNY 154,335.35 in the previous period[48]. Financial Ratios and Metrics - The weighted average return on equity improved to 0.83% from -1.64%, an increase of 2.47 percentage points[9]. - Financial expenses decreased significantly by 316.18% to -2,266,325.97, primarily due to reduced foreign exchange losses on yen loans[16]. - Total operating costs for Q1 2021 were CNY 31,215,935.16, up from CNY 30,700,014.55, reflecting a year-over-year increase of 1.7%[42]. - The company reported a financial expense of CNY -2,266,325.97 in Q1 2021, a significant improvement from CNY 1,048,340.25 in the same period last year[42].

Financial Performance - The company's operating revenue for 2020 was ¥131,431,254.34, representing a 31.87% increase compared to ¥99,665,118.96 in 2019[20] - The net profit attributable to shareholders for 2020 was ¥9,059,702.04, a significant turnaround from a loss of ¥6,359,251.38 in 2019, marking a 242.46% increase[20] - Basic and diluted earnings per share for 2020 were both ¥0.0235, compared to a loss of ¥0.0165 per share in 2019, reflecting a 242.42% increase[20] - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the year, representing a growth of 20% compared to the previous year[99] - The company reported a total revenue of 1,993,099 million CNY for the fiscal year 2020, reflecting a significant increase compared to the previous year[101] - The company reported a total revenue of 3,000 million in 2020, with a significant increase from 750 million in 2018, representing a growth of 300%[163] Cash Flow and Assets - The net cash flow from operating activities improved by 89.75%, reaching -¥7,538,445.51 in 2020, compared to -¥73,554,633.96 in 2019[20] - The total assets at the end of 2020 were ¥235,559,012.89, a decrease of 78.88% from ¥1,115,529,108.22 at the end of 2019[20] - Cash and cash equivalents increased by 104.65% to 2,097,791.19 yuan from -45,135,355.40 yuan in the previous year[64] - The total cash inflow from investment activities increased by 99.73% to 12,048,851.23 yuan compared to 6,032,656.88 yuan in 2019[64] - The cash received from sales increased to ¥123,711,861.32, representing a 46.47% increase compared to ¥84,460,097.99 in the previous period[65] Business Operations - The company operates in the nickel-based alloy materials industry, which is experiencing increased demand due to the rapid development of high-end manufacturing and new energy vehicles[30] - The landscaping engineering business is managed by a wholly-owned subsidiary, which has implemented a structured procurement and project management process[32] - The company has a stable customer base and a production model that focuses on "sales-driven production," ensuring timely sales and stable product yield[30] - The company completed the transfer of 100% equity in Chengdu Xinchangbang, resulting in a reduction of related fixed and non-current assets[36] - The landscaping industry is expected to grow rapidly due to increasing government focus on environmental protection and urbanization[35] Market and Product Development - The company aims to enhance its market share in nickel-based alloy products by expanding high value-added product production and sales while exploring new product development[85] - The company plans to improve the yield rate of nickel-based alloy products and reduce consumption through enhanced production process control and refined management practices[85] - The company intends to actively undertake landscaping projects to enhance profitability and create new profit growth points[86] - The company has a comprehensive product range, including nickel-based alloys used in various industries such as aerospace and petrochemicals[42] Risk Management - The company recognizes risks in its nickel-based alloy materials business due to fluctuating raw material prices and low gross margins, and plans to improve product offerings and production processes to mitigate these risks[87] - The landscaping business faces competition risks and cash recovery risks, which the company plans to address through project management and funding strategies[88] - The company is enhancing control over subsidiaries to improve management levels and financial risk control amid challenges posed by regional differences and the pandemic[89] Governance and Compliance - The company has established a complete and independent financial accounting system[98] - The company guarantees the independence of its assets, personnel, financials, and operations, ensuring no interference from controlling parties[98] - The company has committed to avoiding any substantial competition with its controlling entities and will not invest in similar products[98] - The company has not reported any significant administrative penalties or criminal charges in the last five years, indicating a strong compliance record[101] - The company has implemented a long-term employee training and incentive mechanism to promote mutual growth between employees and the company[136] Shareholder Relations - The company reported a net profit attributable to ordinary shareholders of 9,059,702.04 in 2020, with a profit distribution plan not proposed for cash dividends[95] - The total cash dividend amount for 2020 was 0.00, reflecting a 0.00% payout ratio against the net profit[95] - The company maintained a consistent policy of not distributing cash dividends over the past three years[95] - The company has emphasized its commitment to protecting shareholder interests and ensuring fair treatment in all transactions[102] Employee and Management Structure - The total number of employees in the company is 209, with 145 in production, 12 in sales, 18 in technology, 9 in finance, and 25 in administration[177] - The company has a diverse board with members holding various professional backgrounds, including law, finance, and management, enhancing its governance structure[165][166][167][168][169] - The company has a salary and assessment committee that drafts the compensation plan for senior management[175] - The company emphasizes a performance-based salary system to enhance employee motivation and align interests with corporate goals[178] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[99] - The company has set a performance guidance of 1.8 billion CNY for the next fiscal year, reflecting a 20% increase from the current year[99] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[99]

Financial Performance - Operating revenue increased by 27.98% to CNY 31,091,305.56 for the current period, and by 36.39% to CNY 97,123,654.21 year-to-date[8] - Net profit attributable to shareholders increased by 135.26% to CNY 1,128,486.59 for the current period, and by 216.08% to CNY 9,681,010.89 year-to-date[8] - Basic earnings per share rose by 134.94% to CNY 0.0029 for the current period, and by 215.67% to CNY 0.0251 year-to-date[8] - The company reported a net profit of 1,128,486.59 yuan for Q3 2020, a significant recovery from a net loss of 4,453,887.23 yuan in the same period last year[39] - The company reported a net profit of CNY 7,790,318.53 for Q3 2020, a significant recovery from a net loss of CNY 11,895,630.49 in the same period last year[46] - The company achieved an operating profit of 1,122,659.37 yuan in Q3 2020, a turnaround from an operating loss of 4,476,183.23 yuan in the same quarter last year[39] - The total profit for Q3 2020 was reported at 1,128,731.07 yuan, compared to a total loss of 4,453,887.23 yuan in the previous year[39] - The company recorded a basic and diluted earnings per share of 0.0029 in Q3 2020, recovering from a loss per share of -0.0083 in the same period last year[40] - The company recorded a total comprehensive income of CNY 7,709,246.56, compared to a total comprehensive loss of CNY -11,895,630.49 in the previous year[47] Cash Flow - Net cash flow from operating activities increased by 168.59% to CNY 2,703,141.04 for the current period, and by 108.67% to CNY 4,504,959.66 year-to-date[8] - Cash flow from operating activities showed a net inflow of ¥4,504,959.66, a turnaround from a net outflow of ¥51,932,250.05, primarily due to the disposal of long-term funds and cash inflow from landscaping operations[18] - The company achieved a cash flow from operating activities of CNY 4,504,959.66, a turnaround from a negative cash flow of CNY -51,932,250.05 in the previous year[52] - The net cash flow from investment activities was 5,949,345.23 CNY, an increase from 2,592,439.17 CNY in the previous period, indicating a growth of approximately 129%[53] - The net cash flow from financing activities was -2,207,470.20 CNY, compared to a positive 21,145,710.71 CNY in the previous period, reflecting a significant decline[53] Assets and Liabilities - Total assets decreased by 78.63% to CNY 238,360,444.29 compared to the end of the previous year[8] - Total liabilities decreased significantly from CNY 937,144,930.95 to CNY 72,907,834.13, a reduction of approximately 92.2%[32] - Current assets increased from CNY 98,743,948.39 to CNY 112,062,642.28, reflecting a growth of about 13.4%[30] - Non-current assets totaled CNY 126,297,802.01, down from CNY 1,016,785,159.83, a decrease of approximately 87.6%[31] - The total equity attributable to shareholders increased from CNY 163,320,919.09 to CNY 165,452,610.16, reflecting a growth of approximately 1.3%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,827[12] - The largest shareholder, Horqin Tonghai Investment Co., Ltd., held 20.00% of the shares[12] Operational Highlights - The company did not engage in any repurchase transactions during the reporting period[13] - The company is focusing on market expansion and new product development as part of its growth strategy moving forward[39] - The company completed a major asset sale, resulting in a significant reduction in non-current liabilities and other non-current assets, reflecting a strategic shift in its asset management[18] Financial Challenges - The company reported a significant increase in tax liabilities, with a rise of 385.66% to ¥445,326.75 from ¥91,694.37, mainly due to new tax liabilities from landscaping operations[18] - The company reported a net loss of CNY 331,437,611.10 for the current period, compared to a loss of CNY 341,118,621.99 in the previous period, showing a slight improvement[33] - The company reported a decrease in management expenses to 2,892,428.40 yuan in Q3 2020 from 7,085,564.97 yuan in the previous year, indicating improved cost management[39] - The company reported a decrease in other comprehensive income of CNY -1,085,839.65, reflecting potential challenges in market conditions[62] Investment Income - The company reported a significant increase in investment income, reaching ¥16,473,654.98, a staggering 47293.68% increase compared to ¥34,759.18 in the previous year, mainly due to the recognition of investment income from a major asset sale[18] - Investment income for the quarter was CNY 16,473,654.98, a substantial increase compared to CNY 34,759.18 in the same quarter last year[46] Financial Standards and Reporting - The company implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[58] - The company has implemented new revenue recognition standards starting January 1, 2020, which may impact future financial reporting[67] - The company has not yet audited its third-quarter report, which may affect the reliability of the financial data presented[67]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥66,032,348.65, representing a 40.74% increase compared to ¥46,916,545.83 in the same period last year[19]. - The net profit attributable to shareholders was ¥8,552,524.30, a significant turnaround from a loss of ¥5,139,029.86, marking a 266.42% increase[19]. - The net cash flow from operating activities improved to ¥1,801,818.62, compared to a negative cash flow of ¥47,991,408.45 in the previous year, reflecting a 103.75% increase[19]. - The basic earnings per share rose to ¥0.0222, compared to a loss of ¥0.0133 per share in the same period last year, indicating a 266.98% improvement[19]. - The company reported a net profit of ¥11,285,733.70 from non-recurring gains, primarily from the disposal of a 100% stake in Chengdu Xinchengbang[24]. - The company achieved a total revenue of 66,032,348.65 CNY in the reporting period, representing a year-on-year growth of 40.74%[37]. - The company reported a significant increase in investment income of 16,473,647.67, representing 246.07% of total profit, primarily from the disposal of a subsidiary[46]. - The company reported a net profit of -1,266,631 yuan for the first half of 2020, indicating a significant loss[61]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2020, representing a year-on-year growth of 15%[72]. - The company reported a significant increase in revenue for the first half of 2020, achieving a total of 1.5 billion yuan, representing a 20% year-over-year growth[75]. Asset Management - The total assets decreased to ¥234,854,406.51, down 78.95% from ¥1,115,529,108.22 at the end of the previous year[19]. - The company completed the 100% equity transfer of Chengdu Xinchengbang, resulting in a reduction of fixed assets and construction in progress related to this subsidiary[30]. - The company's total assets as of June 30, 2020, were CNY 263,972,800.57, slightly down from CNY 265,877,656.56 at the end of 2019[136]. - The company's total liabilities decreased to CNY 70,516,084.76 from CNY 937,144,930.95, indicating a significant reduction in liabilities[132]. - The company's non-current assets were reported at CNY 126,966,752.05, down from CNY 1,016,785,159.83, showing a substantial decline[131]. - The total equity of the company was not explicitly stated in the provided data, but the reduction in total liabilities suggests a potential increase in equity[132]. Revenue Sources - Revenue from nickel-based alloy materials reached 53,867,235.84 CNY, an increase of 14.82% compared to the previous year, while the landscaping business generated 12,165,112.81 CNY in revenue, marking a 100% increase as it was a new segment[41]. - Revenue from the metallurgical industry was 53,867,235.84, with a year-on-year decrease of 10.29% in gross margin to 12.67%[42]. - The revenue from the landscaping industry reached 12,165,112.81, maintaining a gross margin of 18.49%, which is an increase of 18.49% year-on-year[42]. - Alloy bar revenue increased by 22.94% to 32,514,799.93, while gross margin decreased by 11.72% to 54.05%[43]. - Domestic revenue was 60,145,862.28, reflecting a year-on-year increase of 13.26%, while foreign revenue increased by 18.59% to 5,886,486.37[43]. Strategic Initiatives - The company has divested from the Dazhou PPP project and continues to focus on the production and sales of nickel-based alloy materials while gradually expanding into landscaping services[27]. - The company is actively expanding its landscaping business, with ongoing project management efforts to ensure timely completion of existing projects[36]. - The company plans to enhance gross margins by updating products and improving production processes to increase yield rates[63]. - The company is focusing on multi-channel financing to ensure adequate funding for landscaping projects, mitigating risks related to project implementation[64]. - The company aims to conduct thorough market research and analysis to identify and pursue target projects, creating new profit growth points[64]. - The company plans to enhance financial risk control and information reporting mechanisms for subsidiaries, aiming to improve their operational capabilities and professional skills[65]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 500 million yuan allocated for potential mergers and acquisitions in 2020[75]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company is committed to strengthening internal controls and establishing incentive mechanisms to improve market competitiveness and profitability[63]. - The company has implemented key management over major operational decisions, project investments, and asset disposals of subsidiaries to strengthen control[65]. - The company is committed to maintaining the independence of its financial operations and ensuring no interference from controlling shareholders[71]. - The company emphasizes fair and reasonable pricing in transactions with related parties, adhering to market principles[71]. - The management has established a compensation system linked to the company's performance, aligning executive interests with shareholder returns[74]. - The company has committed to transparency in its financial dealings, ensuring that all actions are in the best interest of shareholders[74]. Market Outlook - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 10% to 15% based on current market trends and user acquisition strategies[72]. - The company anticipates launching a new product line in Q4 2020, which is expected to contribute an additional 300 million CNY in revenue[72]. - The company plans to expand its market presence by entering two new regional markets by the end of 2020, targeting a 5% market share in these areas within the first year[72]. - The company has a plan to avoid substantial competition with its controlling shareholders and their other enterprises[71]. Compliance and Risk Management - The company is committed to compliance and has not faced any significant legal or regulatory issues in the past three years, ensuring a stable operational environment[73]. - The company has not reported any significant penalties or legal issues related to its financial practices in the recent months[74]. - The company has not engaged in any related party transactions during the reporting period[86]. - The company has comprehensive environmental protection approval documents and has not faced any environmental incidents or penalties during the reporting period[102]. - The company has not initiated any targeted poverty alleviation efforts during the reporting period and has no plans for such initiatives[103]. Financial Reporting - The semi-annual financial report has not been audited[80]. - The financial report for the first half of 2020 was not audited[128]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status as of June 30, 2020[173]. - The company’s financial reporting is based on the accrual basis of accounting, except for certain financial instruments[170].

Financial Performance - The company's operating revenue for Q1 2020 was ¥27,131,672.70, representing a 25.88% increase compared to ¥21,553,876.05 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥2,651,701.02, a decline of 341.39% from a loss of ¥600,767.34 in the previous year[9] - The basic and diluted earnings per share were both -¥0.0069, reflecting a decrease of 330.35% from -¥0.0016 in the previous year[9] - The company reported a net loss from operating profit of CNY -3,781,320.03, a decline of 31.31% compared to CNY -2,879,674.32 from the previous year[18] - The net profit for Q1 2020 was a loss of CNY 3,774,632.99, compared to a loss of CNY 1,686,980.32 in Q1 2019, indicating a deterioration in performance[40] - The operating profit for Q1 2020 was a loss of CNY 3,781,320.03, compared to a loss of CNY 2,879,674.32 in the previous year, reflecting a decline of approximately 31.3%[39] - The total comprehensive income for Q1 2020 was a loss of CNY 3,815,937.50, compared to a loss of CNY 1,686,980.32 in Q1 2019[40] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥1,166,473.34, compared to a negative cash flow of ¥42,989,577.59 in the same period last year, marking a 102.71% increase[9] - Operating cash inflow for the first quarter was CNY 25,142,393.91, an increase of 13.9% compared to CNY 22,089,678.80 in the previous period[45] - Cash and cash equivalents rose to CNY 5,892,539.75 from CNY 2,774,893.37, showing an increase of 112.3%[33] - The net increase in cash and cash equivalents for the quarter was CNY 4,856,962.69, contrasting with a decrease of CNY 44,215,185.13 in the previous period[46] - The total cash outflow from operating activities was CNY 23,975,920.57, significantly lower than CNY 65,079,256.39 in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,134,836,984.75, an increase of 1.73% from ¥1,115,529,108.22 at the end of the previous year[9] - Total liabilities increased to CNY 960,268,744.98 from CNY 937,144,930.95, representing a rise of 2.4%[32] - The company's total equity decreased to CNY 174,568,239.77 from CNY 178,384,177.27, indicating a decline of 2.3%[33] - The company's non-current liabilities totaled CNY 795,122,821.39, slightly down from CNY 795,229,262.14[32] - The total current liabilities reached CNY 165,145,923.59, an increase from CNY 141,915,668.81, reflecting a rise of 16.5%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,798[12] - The top shareholder, 霍尔果斯通海股权投资有限公司, held 20.00% of the shares, totaling 77,021,275 shares[12] Government Support - The company received government subsidies amounting to ¥136,021.78 during the reporting period[10] Operational Costs - Operating costs rose to CNY 24,560,950.18, reflecting a 39.34% increase from CNY 17,626,254.01, primarily due to fluctuations in raw material prices[17] - Total operating costs for Q1 2020 were CNY 30,700,014.55, an increase from CNY 24,581,593.63 in the same period last year, representing a growth of approximately 24.5%[39] Financial Expenses - Financial expenses increased by 278.07% to CNY 1,048,340.25, mainly due to increased foreign exchange losses[18] - The company experienced a financial expense of CNY 1,048,340.25 in Q1 2020, compared to a financial income of CNY -588,721.17 in Q1 2019, indicating a significant shift in financial performance[39] Investment Performance - The investment income for Q1 2020 was a loss of CNY 1,092.61, compared to a gain of CNY 15,456.99 in the previous year, reflecting a decline in investment performance[39] Taxation - The company's tax payable rose significantly by 683.91% to CNY 718,802.19, in line with increased revenue[17] - The company reported a tax and additional fees of CNY 371,096.15 in Q1 2020, slightly up from CNY 363,886.46 in Q1 2019, showing a marginal increase of about 2%[39] Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial statements[49] - The implementation of the new revenue recognition standard is not expected to cause significant changes in the company's revenue recognition methods[55]

Financial Performance - The company's operating revenue for 2019 was ¥99,665,118.96, a decrease of 10.28% compared to ¥111,081,751.13 in 2018[19] - The net profit attributable to shareholders was -¥6,359,251.38, representing a decline of 229.97% from ¥4,892,881.90 in the previous year[19] - The basic earnings per share were -¥0.0165, a decrease of 229.92% from ¥0.0127 in 2018[19] - The company reported a quarterly revenue of ¥28,454,029.15 in Q4 2019, with a net profit of ¥1,980,371.56 for the same quarter[23] - The company experienced a significant decline in net profit, with a drop of 309.28% in net profit after deducting non-recurring gains and losses, totaling -¥8,191,019.91[19] - The company's nickel-based alloy business achieved operating revenue of CNY 97.81 million, a decrease of 0.55% compared to the previous year[39] - Total operating revenue for the company was CNY 99.67 million, down 10.28% year-on-year, with a net profit attributable to shareholders of CNY -6.36 million, a decline of 229.97%[41] Assets and Liabilities - Total assets at the end of 2019 were ¥1,115,529,108.22, an increase of 6.63% from ¥1,046,131,094.30 at the end of 2018[19] - The net assets attributable to shareholders were ¥163,320,919.09, showing a slight increase of 0.01% from ¥163,297,762.27 in 2018[19] - The company's inventory increased by 59.97% to 41.48 tons, primarily due to an increase in raw materials for commissioned processing[48] - The company's fixed assets decreased primarily due to depreciation, while construction in progress increased due to prepayments for the Dazhou PPP project[33] - Long-term borrowings decreased by 3.64% to CNY 40,553,403.88, mainly due to the repayment of principal and the impact of exchange rate fluctuations[63] Cash Flow - The net cash flow from operating activities improved by 55.17%, reaching -¥73,554,633.96 compared to -¥164,091,464.11 in 2018[19] - The total cash inflow from financing activities increased significantly by 1,284.86% to ¥780,785,166.59, primarily due to the issuance of bonds[58] - The cash and cash equivalents decreased to ¥18,096,828.70, down 4.43% from the beginning of the year, mainly due to expenditures on the Dazhou PPP project[62] Business Operations - The company has established a wholly-owned subsidiary, Huanjing Landscaping, to expand its landscaping services, securing a project worth 33.78 million yuan in Urumqi[31] - The company is involved in a PPP project with a total investment of 1 billion yuan, with an annual service fee of 136.5 million yuan to be paid by Dazhou Development starting from July 30, 2020[28] - The company’s main products include high-strength corrosion-resistant nickel-based alloys, with applications in various industries such as automotive and petrochemical[26] - The company has a strong focus on technological innovation, having been recognized as a high-tech enterprise and holding ISO9001 certification[27] - The company’s production model is based on "sales-driven production," ensuring that manufacturing aligns closely with market demand[26] Market and Competition - The company’s nickel-based alloy products are gaining demand due to the growth of high-end manufacturing and aerospace industries in China[27] - The landscaping business faces intense market competition, with a risk of reduced market share and operational performance due to the lack of brand recognition[90] - The company is addressing cash recovery risks in landscaping projects, which depend on the timely payments from clients, affecting cash flow and project sustainability[90] Strategic Initiatives - The company plans to focus on the production and sales of high-value nickel-based alloy materials, aiming to enhance market competitiveness and expand into new energy product demands[85] - The company intends to divest underperforming assets to reduce the asset-liability ratio and improve financial health, targeting a more focused business strategy[86] - The company is exploring new business areas to improve profitability, leveraging its platform advantages and regional strengths[87] Governance and Compliance - The company has maintained an independent governance structure, ensuring separation from the controlling shareholder in business, personnel, assets, and finances[185] - The company has not faced any penalties for violations of national laws and regulations during the reporting period[200] - The financial statements were adjusted according to the new financial reporting standards, with no impact on net profit and equity[103] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[172] - New product launches are expected to contribute an additional 200 million yuan in revenue over the next year[172] - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million yuan earmarked for potential deals[172] Employee and Management - The company has a total of 251 employees, with 137 in production, 12 in sales, 42 in technology, 12 in finance, and 48 in administration[178] - The company emphasizes a performance-based salary management system to align employee interests with corporate goals[179] - The company has established a comprehensive training program, including onboarding, internal, and external training[180]

Financial Performance - Operating revenue for the reporting period was ¥24,294,543.98, down 8.88% year-on-year, while total revenue for the year-to-date was ¥71,211,089.81, an increase of 8.03%[9] - Net profit attributable to shareholders was a loss of ¥3,200,593.08, representing a significant decline of 5,251.95% compared to the same period last year[9] - The basic earnings per share for the reporting period was -¥0.0083, a decrease of 4,055.47% year-on-year[9] - The weighted average return on net assets was -2.04%, a decrease of 2.00% compared to the previous year[9] - The net profit for the period was a loss of ¥11,895,630.49, slightly improved from a loss of ¥11,904,025.56 in the previous period[52] - The total comprehensive income for the period was -3,293,593.02 CNY, compared to -2,966,673.92 CNY in the previous period, indicating a decline in performance[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,101,382,739.30, an increase of 5.28% compared to the end of the previous year[9] - The company's current assets decreased to CNY 116,119,972.29 from CNY 128,530,322.42 at the end of 2018, reflecting a decline of approximately 9.5%[34] - The total liabilities increased to CNY 922,354,649.89 from CNY 884,027,374.40, indicating a rise of about 4.3%[35] - The total equity attributable to shareholders was CNY 154,958,139.33, down from CNY 163,297,762.27 year-over-year[39] - Total liabilities were recorded at 884,027,374.40, consistent with the previous reporting period[68] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥51,932,250.05, a decrease of 58.26% compared to the same period last year[9] - Cash flow from operating activities showed a net outflow of -51,932,250.05 CNY, an improvement from -124,425,948.46 CNY in the previous period[59] - Cash inflow from financing activities totaled 775,820,000.00 CNY, with a net cash flow of 21,145,710.71 CNY, contrasting with a net outflow of -54,103,174.69 CNY last year[60] - The net cash flow from financing activities improved by 139.08% to ¥21,145,710.71, as funds from the issuance of corporate bonds were received[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,271[12] - The largest shareholder, Horgos Tonghai Equity Investment Co., Ltd., held 20.00% of the shares, totaling 77,021,275 shares[12] - Minority interests increased significantly by 2115.84% to ¥24,069,950.08 due to capital contributions from minority shareholders[16] Operational Costs - Total operating costs increased to CNY 28,916,347.49, up 3.3% from CNY 27,985,057.86 year-over-year[43] - Total operating expenses amounted to 120,141,632.73 CNY, down from 234,634,062.70 CNY in the previous period[59] - Sales expenses decreased to ¥1,905,270.07 from ¥2,378,545.80, a reduction of approximately 20%[50] - Management expenses slightly decreased to ¥21,386,746.36 from ¥21,524,896.19, reflecting a decrease of about 0.6%[50] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Xinjiang Huanjing Landscape Art Co., Ltd., with an investment of ¥10 million to expand its landscaping services[19] - The company established a wholly-owned subsidiary, Xinjiang Huanjing Garden Art Co., Ltd., with an investment of CNY 10 million[26] - Investment income surged by 148.50% to ¥34,759.18, due to increased returns from financial products purchased by subsidiaries[17] Other Financial Metrics - Non-recurring gains and losses totaled ¥1,660,764.75, primarily from government subsidies and other income[10] - The company reported a credit impairment loss of ¥1,905,111.94, which was not present in the previous period[52] - The company incurred financial expenses of CNY 1,206,108.58, which is a notable increase from CNY 537,683.35 in the same period last year[43]