Revenue and Profitability - Revenue for Q3 2022 reached ¥59,895,154.68, an increase of 46.65% compared to the same period last year[5] - Net profit attributable to shareholders was ¥244,146.11, a decrease of 84.12% year-on-year, while net profit excluding non-recurring items was ¥90,268.40, down 93.56%[5] - The company reported a significant increase in revenue from nickel-based alloy and landscaping services, contributing to a year-to-date revenue growth of 46.36%[7] - Total operating revenue for the current period reached ¥163,993,149.50, a significant increase of 46.2% compared to ¥112,044,337.11 in the previous period[18] - Net profit for the current period was ¥6,643,848.96, representing a substantial increase of 233.5% from ¥1,994,292.84 in the same period last year[19] - The company reported a comprehensive income total of ¥6,563,909.01, compared to ¥1,925,827.01 in the previous period, indicating a growth of 241.5%[20] - Basic and diluted earnings per share were both ¥0.0173, up from ¥0.0052 in the previous period, reflecting a 232.7% increase[20] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥256,073,459.83, reflecting a 7.33% increase from the end of the previous year[5] - The company's total current assets as of September 30, 2022, amount to 147,316,344.71 yuan, an increase from 125,733,488.49 yuan at the beginning of the year[15] - The total assets of the company as of September 30, 2022, are 256,073,459.83 yuan, compared to 238,583,439.47 yuan at the beginning of the year[15] - The company's total liabilities as of September 30, 2022, are 44,235,612.50 yuan, up from 32,242,858.46 yuan at the beginning of the year[15] - The total liabilities increased to ¥81,313,244.43 from ¥70,387,133.08, marking a rise of 15.4%[19] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥6,873,325.04, representing a decline of 321.67% year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥6,873,325.04, worsening from a net outflow of ¥1,630,016.78 in the prior period[21] - The company received cash inflows from operating activities totaling ¥130,465,095.41, compared to ¥92,895,703.38 in the previous period, an increase of 40.4%[21] - The net cash flow from investment activities was 726,753.28, a decrease of 6,885,138.75 compared to the previous period[22] - Cash outflow from financing activities totaled 1,897,526.44, down from 2,202,134.85 in the prior period[22] - The net increase in cash and cash equivalents was -8,044,098.20, compared to -10,717,290.38 in the previous year[22] - The ending balance of cash and cash equivalents was 8,453,085.40, down from 9,477,329.51 year-over-year[22] - The company reported cash inflow from investment activities totaling 1,137,535.00, while cash outflow was 410,781.72[22] Shareholder Information - The total equity attributable to shareholders increased by 3.90% to ¥174,760,215.40 compared to the end of the previous year[5] - The total number of common shareholders at the end of the reporting period is 22,680[9] - The largest shareholder, Guanghui Energy Co., Ltd., holds 20.00% of the shares, totaling 77,021,275 shares[9] - Total equity attributable to shareholders of the parent company rose to ¥174,760,215.40, up from ¥168,196,306.39, an increase of 3.3%[19] Inventory and Contract Assets - Inventory increased by 35.48% to ¥55,752,689.67, primarily due to rising raw material procurement costs[7] - The company reported an increase in inventory to 55,752,689.67 yuan as of September 30, 2022, from 41,150,619.72 yuan at the beginning of the year[15] - Contract assets surged by 591.14% to ¥13,717,044.38, attributed to the recognition of progress in landscaping projects[7] Financial Expenses and Subsidies - The financial expenses decreased by 76.85% to -¥678,891.55, mainly due to fluctuations in exchange rates affecting yen loans[7] - The company received government subsidies totaling ¥135,606.09 during the quarter, contributing to non-recurring gains[6] Corporate Actions - The company completed the transfer of control to Guanghui Energy Co., Ltd. on July 8, 2022, following a share transfer agreement[11] - The company held its second extraordinary general meeting on August 4, 2022, to approve the relocation of its registered office[12] - The company has not disclosed any new product or technology developments in the current reporting period[9] Audit Information - The company did not conduct an audit for the third quarter report[23]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥104.10 million, representing a 46.20% increase compared to ¥71.20 million in the same period last year[22]. - The net profit attributable to shareholders was approximately ¥6.40 million, a significant increase of 1,299.41% from ¥457,315.95 in the previous year[22]. - The net profit after deducting non-recurring gains and losses reached approximately ¥6.02 million, up 3,230.53% from ¥180,792.02 in the same period last year[22]. - The basic and diluted earnings per share were both ¥0.0166, reflecting an increase of 1,283.33% compared to ¥0.0012 in the previous year[22]. - The total operating revenue for the reporting period reached ¥104,097,994.82, representing a 46.20% increase compared to ¥71,200,877.06 in the same period last year, primarily driven by significant growth in nickel-based alloy and landscaping construction business revenues[37]. - The company's net profit for the first half of 2022 reached CNY 6,399,702.85, a significant increase from CNY 457,315.95 in the same period of 2021, representing a growth of approximately 1,396%[125]. - The company reported a total profit of CNY 6,577,939.67 for the first half of 2022, compared to CNY 479,562.91 in the same period of 2021, reflecting a growth of around 1,276%[125]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥252.06 million, a 5.65% increase from ¥238.58 million at the end of the previous year[22]. - The total liabilities increased to CNY 77,522,208.14 as of June 30, 2022, from CNY 70,387,133.08 at the start of the year, marking an increase of about 10.3%[118]. - The total equity attributable to shareholders of the parent company was CNY 174,538,653.42 as of June 30, 2022, compared to CNY 168,196,306.39 at the beginning of the year, showing an increase of approximately 3.9%[118]. - The company's total assets as of June 30, 2022, were reported at 1,026,347 million CNY, with a total equity of 385,106 million CNY[149]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥8.60 million, a decline of 231.60% compared to a positive cash flow of ¥6.53 million in the previous year[22]. - The net cash flow from operating activities decreased by 231.60% to -¥8,597,076.83, primarily due to increased procurement costs and rising purchase prices[38]. - The company's cash and cash equivalents decreased by 267.30% to -¥8,618,008.55, attributed to reduced cash flow from operating activities[38]. - Cash and cash equivalents at the end of the first half of 2022 decreased to 7,879,175.05 yuan from 25,345,775.62 yuan at the end of the first half of 2021, representing a decline of approximately 68.9%[132]. - The company reported a net cash outflow from financing activities of -974,615.00 yuan in the first half of 2022, an improvement from -1,100,809.93 yuan in the same period of 2021[132]. Operational Efficiency - Operating costs increased by 48.02% to ¥91,011,719.90, mainly due to rising raw material prices[37]. - Sales expenses rose by 12.82% to ¥1,759,071.27, attributed to an increase in sales personnel and higher quality compensation payments compared to the previous year[37]. - Management expenses decreased by 10.26% to ¥6,904,478.11, reflecting improved internal management efficiency[37]. - The company is focusing on strengthening internal controls and management of subsidiaries to mitigate operational risks and improve financial performance[60]. Market and Industry - The company operates in the nickel-based alloy materials sector, producing high-strength corrosion-resistant materials and welding materials, with applications in various industries including automotive and petrochemical[30]. - The subsidiary, Huanjing Landscaping, is responsible for landscaping engineering projects, focusing on quality control and safety management despite facing competitive market challenges[34]. - The landscaping industry saw a significant increase in revenue to ¥20,652,544.24, up 192.22% from ¥7,067,371.19 in the previous year[39]. - The company faces risks in its nickel-based alloy materials business due to fluctuating raw material prices, which impact profit margins and production costs[58]. - The landscaping business is experiencing intense market competition, which may affect market share and operational performance due to the low entry barriers in the industry[59]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The management emphasizes the importance of investment risk awareness for investors regarding forward-looking statements in the report[3]. - The company is actively working to protect shareholder and creditor rights while enhancing its corporate governance structure[67]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[76]. Strategic Initiatives - The company plans to enhance its product offerings and improve production processes to increase gross margins and reduce costs[58]. - The company is focusing on market expansion strategies, although specific details were not disclosed in the report[137]. - The company plans to expand its market presence and invest in new product development to drive future growth[140]. - The company has initiated strategic partnerships aimed at enhancing its competitive edge in the market[140]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[114]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months from the reporting date[156]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards, reflecting the company's financial position as of June 30, 2022[158]. Research and Development - Research and development expenses have increased, reflecting the company's commitment to innovation and new technology[140]. - The company is exploring potential mergers and acquisitions to strengthen its market position[140].

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 turnaround from a loss of ¥8,294,008.24 in 2020, marking a 131.86% improvement[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 1.28% increase from ¥235,559,012.89 at the end of 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 the previous year[20] - The weighted average return on net assets was 2.01%, down from 5.40% in 2020, indicating a decline in profitability[20] 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] - The metallurgical industry accounted for 87.70% of total revenue, with a revenue increase of 38.02% year-on-year[43] - The company’s alloy wire revenue reached CNY 76,601,468.03, a 48.76% increase from the previous year[41] - The company’s alloy bar revenue was CNY 67,722,023.51, marking a 27.60% increase compared to the previous year[41] - The landscaping engineering segment saw a revenue decline of 29.58%, contributing CNY 17,899,179.64 to total revenue[43] - The company’s domestic revenue was CNY 138,144,235.67, a 15.21% increase year-on-year, while international revenue surged by 129.19% to CNY 26,413,753.53[41] Operational Challenges - The overall procurement costs in the nickel-based alloy industry are under pressure due to rising raw material prices, necessitating a focus on technological upgrades[29] - The company faces risks in its nickel-based alloy materials business due to fluctuating raw material prices and low gross margins, and will focus on product updates and process improvements to enhance competitiveness[78] - The landscaping business is exposed to market competition risks, with a low entry barrier leading to intense competition, which may affect market share and performance[79] - The company is addressing cash collection risks in landscaping projects, which require upfront funding and are influenced by clients' payment timelines[80] Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with laws and regulations, and maintaining transparency in information disclosure[85] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no conflicts of interest[87] - The company has not engaged in any market competition with its controlling shareholder, maintaining a clear separation in operations[88] - The company completed the election of the 11th Board of Directors and Supervisory Board on February 14, 2022, to ensure continuity and stability in governance[92] - The company experienced resignations from several board members and supervisors due to personal reasons, including Wang Aihong and Li Youlong in August 2021[94] Management and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 2.3282 million CNY[110] - The chairman and president, Gan Lin, received a pre-tax total remuneration of 67,700 CNY[109] - The vice president and CFO, Li Gang, received a pre-tax total remuneration of 426,200 CNY[109] - The company has established a compensation scheme for senior management based on industry conditions and company performance[108] - The company has a focus on enhancing management personnel's motivation and creativity through its compensation structure[108] Internal Control and Compliance - The company has established a robust internal control system that is effective in covering major aspects of its operations, ensuring no significant omissions[125] - The internal control self-assessment report indicates that 100% of the company's total assets and operating income were included in the evaluation scope[129] - There were no identified significant defects in internal control during the reporting period, with both financial and non-financial report defects recorded as zero[130] - The internal control audit report confirmed that the company maintained effective financial reporting controls as of December 31, 2021[131] Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[133] - The company has implemented measures to ensure compliance with environmental laws and regulations, achieving a good reputation in environmental protection[136] - The company provides comprehensive social insurance benefits to employees, including pension, medical, and unemployment insurance[135] - The company has not engaged in any poverty alleviation initiatives during the reporting period and has no plans for future initiatives[137] Future Outlook and Strategy - The company plans to expand its market share in nickel-based alloy products and enhance product competitiveness[73] - The company aims to improve material yield and reduce consumption through better production process control[76] - The company will strengthen internal management to control production costs and improve gross profit margins[76] - The company intends to actively undertake landscaping projects to create new profit growth points[76] - The company is expected to enhance its strategic initiatives in response to the recent leadership changes, although specific strategies were not outlined in the documents[99]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 47,264,846.95, representing a 46.12% increase compared to CNY 32,346,046.72 in the same period last year[5]. - The net profit attributable to shareholders for Q1 2022 was CNY 2,363,431.77, a 71.67% increase from CNY 1,376,700.62 year-on-year[5]. - The basic earnings per share for Q1 2022 was CNY 0.0061, up 69.44% from CNY 0.0036 in the same period last year[5]. - Operating profit reached CNY 2,477,854.47, up from CNY 1,404,833.46, reflecting a growth of 76.4%[20]. - The company reported a total comprehensive income of CNY 2,342,467.97, compared to CNY 1,357,135.92 in the previous period, marking an increase of 72.5%[20]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 106,131.07, compared to a negative CNY 4,258,058.83 in the previous year, marking a 102.49% increase[5]. - The company experienced a net cash inflow from investment activities of CNY 1,128,108.28, compared to a net outflow of CNY -155,000.00 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 233,728,565.43, a decrease of 2.03% from CNY 238,583,439.47 at the end of the previous year[5]. - Total liabilities decreased to CNY 63,189,791.07 from CNY 70,387,133.08, reflecting a reduction of about 10.0%[16]. - The total equity attributable to the parent company is CNY 170,538,774.36, an increase from CNY 168,196,306.39, showing a growth of approximately 1.4%[16]. Revenue and Costs - The company's sales revenue from goods and services increased by 38.37% to CNY 38,612,470.63, driven by higher cash receipts from sales[10]. - The total operating costs for the current period amount to CNY 45,583,858.40, compared to CNY 31,215,935.16 in the previous period, indicating an increase of about 46.1%[17]. - The total operating expenses increased to CNY 40,532,481.55 from CNY 32,858,706.35, indicating a rise of 23.4%[21]. Taxation - The income tax expense for the period was CNY 119,822.70, reflecting a 257.66% increase due to higher total profit[10]. - The total tax expenses for the current period were CNY 119,822.70, compared to CNY 33,501.60 in the previous period, reflecting a significant increase[20]. Shareholder Information - The company has a total of 22,877 common shareholders at the end of the reporting period[12]. - The top ten shareholders hold a combined 20.00% and 13.66% of the shares, indicating significant ownership concentration[12]. Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 75.83% to CNY 6,588,538.30, primarily due to an increase in bank acceptance bills[10]. - Accounts receivable decreased to CNY 47,881,004.18 from CNY 54,067,989.28, showing a decline of approximately 11.5%[15]. - Inventory decreased to CNY 40,231,293.17 from CNY 41,150,619.72, representing a reduction of about 2.2%[15]. Cash and Cash Equivalents - The cash and cash equivalents at the end of the period are CNY 16,756,807.95, up from CNY 16,497,183.60 at the beginning of the year, reflecting a growth of 1.57%[15]. - The cash and cash equivalents at the end of the period stood at CNY 16,756,807.95, up from CNY 14,857,697.12[22].

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]