Financial Performance - The company's operating revenue for Q3 2022 was ¥268,121,635.35, a decrease of 51.00% compared to the same period last year[5] - The net profit attributable to shareholders was -¥4,207,035.21, representing a decline of 23.67% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,123,259.46, down 1.26% from the previous year[5] - The basic earnings per share were -¥0.0062, a decrease of 23.67% compared to the same period last year[5] - The company's total revenue for the current period was CNY 950.69 million, a decrease of approximately 30% compared to CNY 1.37 billion in the previous period[29] - Total operating costs for the current period were CNY 957.93 million, down from CNY 1.37 billion in the previous period, reflecting a decrease of about 30%[29] - The net profit for Q3 2022 was -115,397,346.41 CNY, compared to -21,846,532.19 CNY in Q3 2021, indicating a significant decline in profitability[30] - Operating profit for the quarter was -104,641,312.88 CNY, a decrease from -19,185,848.08 CNY year-over-year[30] - The company reported a total comprehensive loss of -115,397,346.41 CNY for the quarter, compared to -21,846,532.19 CNY in the previous year[31] - Basic and diluted earnings per share were both -0.1611, compared to -0.0295 in Q3 2021[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,891,369,540.90, a decrease of 11.13% from the end of the previous year[5] - The company's total liabilities increased, with long-term borrowings rising by 131.91% to ¥157,700,000.00[10] - The company's inventory decreased by 48.61% to ¥14,789,953.81, primarily due to changes in the scope of consolidation[10] - The company has a total of 48 bondholders who have signed the latest debt settlement agreements, with 37.596% opting for a one-time payment and 58.029% choosing an extension repayment plan[19] - Total liabilities as of September 30, 2022, were CNY 2.24 billion, down from CNY 2.43 billion at the beginning of the year, a reduction of about 8%[27] - The company's total equity as of September 30, 2022, was CNY 650.67 million, down from CNY 819.37 million at the beginning of the year, a decline of approximately 20.5%[27] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥260,680,140.39, an increase of 34.45%[5] - Cash flow from operating activities was 260,680,140.39 CNY, an increase from 193,891,728.16 CNY in the previous year[33] - Investment activities resulted in a net cash outflow of -100,349,164.85 CNY, compared to -38,807,479.84 CNY in the previous year[33] - Financing activities generated a net cash outflow of -240,431,428.21 CNY, slightly worse than -225,355,106.12 CNY in Q3 2021[33] - The investment income for the year-to-date was ¥6,860,454.35, down 84.52% compared to the previous year[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,048[14] - The largest shareholder, New Energy International Investment Co., Ltd., holds 23.41% of shares, totaling 159,302,851 shares, which are frozen[14] - The second largest shareholder, Lianzhong Industrial Co., Ltd., holds 8.99% of shares, totaling 61,183,714 shares, with 48,300,000 shares pledged[14] Debt Repayment - The company has repaid a total of RMB 39,174,802.18 in convertible bond debts, including RMB 22,537,608.00 in principal and RMB 16,637,194.18 in interest[16] - As of September 30, 2022, the company has completed payments for all bondholders under the latest debt settlement agreements, covering 100% of the principal of the "15 Jinhong Bonds"[19] - The company has paid RMB 1.2 billion, which is 15% of the total principal, to all holders of the "16 Zhongyou Jinhong MTN001" bonds[21] - The company has also paid RMB 1.6 billion, which is 20% of the total principal, along with interest payments totaling RMB 1.8071 billion for the "16 Zhongyou Jinhong MTN001" bonds[21] - The company has established a special fund to repay the debts formed by the convertible bonds, with RMB 70,866,828.52 recovered from the sale of 5.896 million shares[16] - The company has completed the payment of all principal and interest for the first and second phases of the debt settlement for all bondholders under the latest agreements[20] Operational Highlights - The company did not report any new product launches or significant market expansion strategies during the quarter[34]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥682,571,665.14, a decrease of 16.99% compared to ¥822,289,362.54 in the same period last year[20]. - The net loss attributable to shareholders was ¥105,436,063.95, representing a 533.03% increase in losses compared to a loss of ¥16,655,892.53 in the previous year[20]. - The basic and diluted earnings per share were both -¥0.16, a decline of 700.00% from -¥0.02 in the previous year[20]. - The company reported a total operating revenue of ¥682.57 million for the reporting period, a decrease of 16.99% compared to the previous year, while operating costs decreased by 14.86% to ¥592.39 million[36]. - The company's gas business revenue was approximately ¥672.65 million, a decrease of 17.60% year-over-year, with a gross margin of 13.22%, down 2.40% from the previous year[40]. - The mining business revenue increased by 65.59% year-over-year to approximately ¥9.92 million, with a gross margin of 12.44%, up 28.62% from the previous year[40]. - The company reported a total of 1.039519 billion yuan in financial obligations as of October 2021, with ongoing legal proceedings related to asset seizures[89]. - The company reported a total revenue of 875.16 million for the first half of 2022, reflecting a significant increase compared to the previous period[110]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 19.10% to ¥223,039,760.11, up from ¥187,277,412.25 in the same period last year[20]. - The company's cash and cash equivalents decreased by 63.97% to approximately ¥36.70 million, primarily due to changes in the scope of consolidation and repayment of financing[41]. - The net cash flow from investing activities was approximately -¥78.98 million, a decrease of 791.45% compared to the previous year, mainly due to changes in the scope of consolidation[42]. - The company's total current assets decreased to 570,853,804.60 from 813,506,431.59 at the beginning of the year[176]. - The total cash and cash equivalents at the end of the period were CNY 30,915,388.43, down from CNY 91,353,121.86 at the end of the first half of 2021[191]. Assets and Liabilities - Total assets decreased by 9.68% to ¥2,938,692,289.46 from ¥3,253,578,944.91 at the end of the previous year[20]. - The company's total liabilities increased by 41.13% to approximately ¥182.90 million, primarily due to an increase in accounts payable[41]. - The company's total liabilities decreased to CNY 2,280,964,864.15 from CNY 2,434,208,822.34 at the beginning of the year, reflecting a reduction of approximately 6.3%[178]. - The company's equity attributable to shareholders decreased to CNY 494,784,631.48 from CNY 615,149,323.58, indicating a decline of about 19.5%[178]. Operational Risks and Strategies - The company faces various operational risks and has outlined measures to address these risks in the report[4]. - The company is facing ongoing financial challenges, including debt repayment pressures, which have somewhat limited its business expansion capabilities[32]. - The company aims to continue focusing on clean energy and renewable energy development, tracking policy market dynamics and advancing new energy utilization[28]. - The company has taken measures to strengthen relationships with upstream suppliers and diversify gas supply channels to mitigate risks[59]. - The company is actively expanding its upstream operations to secure necessary gas supplies for future business growth[59]. Legal and Compliance Issues - The company has been involved in multiple legal disputes, highlighting potential risks in its operational environment[88]. - The company is currently in the process of lifting asset freezes, which could improve liquidity and operational flexibility[89]. - The company has received court notifications regarding asset preservation, indicating ongoing legal scrutiny[89]. - The company has engaged in negotiations for debt settlements with original controlling shareholders[99]. - The company has faced challenges in executing court judgments, with ongoing enforcement actions[101]. Shareholder and Market Engagement - The company has maintained a focus on shareholder rights, ensuring cash dividends and adhering to legal regulations to protect shareholder interests[72]. - The largest shareholder, New Energy International Investment Co., Ltd., holds 23.41% of the shares, totaling 159,302,851 shares, with a frozen status[147]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[151]. - The company has not reported any changes in the shareholding of its directors, supervisors, and senior management during the reporting period[150]. Future Outlook and Growth Strategies - The company plans to enhance its investment in new energy technology development and strengthen resource integration to become a leading comprehensive clean energy service provider in China[28]. - The company is exploring potential mergers and acquisitions to accelerate growth and market share[200]. - The company plans to expand its market presence through strategic partnerships and new product launches in the upcoming quarters[197]. - The company has initiated a new strategy focusing on digital transformation to improve operational efficiency[200].

Financial Performance - The company's revenue for Q1 2022 was ¥416,174,260.79, a decrease of 1.98% compared to ¥424,594,151.43 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥6,049,341.74, representing a decline of 175.55% from a profit of ¥8,006,683.59 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0089, a decrease of 175.42% compared to ¥0.0118 in the same period last year[3] - Net profit for Q1 2022 was a loss of CNY 3,572,002.44, compared to a profit of CNY 10,873,751.59 in the same period last year[23] - Total operating revenue for Q1 2022 was CNY 416,174,260.79, a decrease of 2.99% compared to CNY 424,594,151.43 in the previous period[22] - Total operating costs for Q1 2022 were CNY 403,600,101.10, down from CNY 408,923,410.09, reflecting a reduction of 1.03%[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 13.31% to ¥111,314,304.71 from ¥128,407,399.91 year-on-year[3] - Cash inflow from operating activities totaled CNY 458,186,034.01, down from CNY 499,312,636.04, representing a decrease of approximately 8.3%[26] - Cash outflow from investing activities was CNY 59,681,056.77, compared to CNY 44,363,414.70 in the previous period, indicating an increase of 34.5%[27] - Net cash flow from investing activities was -CNY 84,190,459.28, worsening from -CNY 25,615,031.09 in the previous period[27] - Cash inflow from financing activities was CNY 175,000,000.00, down from CNY 313,100,000.00, a decrease of 44.2%[27] - Net cash flow from financing activities was -CNY 84,163,181.63, compared to -CNY 138,089,399.64 in the previous period, showing an improvement[27] - The ending balance of cash and cash equivalents was CNY 41,390,763.28, significantly lower than CNY 95,048,308.98 at the end of the previous period[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,012,259,922.21, down 7.42% from ¥3,253,578,944.91 at the end of the previous year[3] - Total liabilities decreased to CNY 2,245,912,982.25 from CNY 2,434,208,822.34, a reduction of 7.73%[20] - The equity attributable to shareholders decreased by 3.59% to ¥593,043,128.32 from ¥615,149,323.58 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company decreased to CNY 593,043,128.32 from CNY 615,149,323.58, a decline of 3.58%[20] Inventory and Receivables - The company experienced a 51.93% reduction in inventory, which decreased to ¥13,834,806.94 from ¥28,778,837.33 year-on-year[6] - Accounts receivable decreased to RMB 37,525,077.59 from RMB 57,941,165.49, indicating a reduction of about 35.4%[18] - Other receivables amounted to RMB 545,872,973.40, down from RMB 583,759,277.58, reflecting a decrease of approximately 6.5%[18] Debt and Financing - The company has repaid a total of RMB 39,146,172.02 of the convertible bonds, including RMB 22,536,088.00 in principal and RMB 16,610,084.02 in interest, with RMB 6,988,092.02 remaining unpaid[10] - The company has established a special fund to repay the debts arising from the convertible bonds, with RMB 70,866,828.52 recovered from the sale of 5,896,000 shares[10] - The company has made a total payment of RMB 2.205 billion to creditors as part of the debt repayment plan by the end of 2020[12] - The company is actively communicating with creditors to resolve outstanding debt issues and is exploring asset disposals and strategic investors for funding[11] - The company has signed debt repayment agreements with all holders of the "15 Jinhong Bonds," covering 100% of the total bond amount[14] - 98.75% of the bondholders of the "16 Zhongyou Jinhong MTN001" have signed relevant agreements, with 42.50% choosing the discount option and 40.63% opting for the extension plan[15] Other Financial Metrics - The company reported non-recurring losses totaling ¥7,176,685.81 for the quarter, primarily due to other operating expenses[5] - Research and development expenses for Q1 2022 were CNY 2,939,518.71, compared to CNY 3,837,931.36 in the previous period, a decrease of 23.4%[22] - The company reported an investment income of CNY 2,173,898.47, down from CNY 3,626,396.67, reflecting a decline of 40.1%[22] - The total comprehensive income attributable to minority shareholders decreased to CNY 2,477,339.30 from CNY 2,867,068.00[24] Audit Status - The first quarter report was not audited[28]

Financial Performance - The company's operating revenue for 2021 was ¥1,972,157,130, representing a decrease of 14.39% compared to ¥2,303,598,969 in 2020[20] - The net profit attributable to shareholders of the listed company was ¥-660,668,238.07, a significant decline from the previous year's profit[20] - The net cash flow from operating activities was ¥222,108,906.99, down 38.93% from ¥363,689,965.37 in 2020[20] - The company's total assets decreased by 19.93% from the previous year, amounting to approximately CNY 3.25 billion at the end of 2021[21] - The net assets attributable to shareholders decreased by 51.71% year-on-year, totaling approximately CNY 615.15 million at the end of 2021[21] - The operating revenue for 2021 was approximately CNY 1.97 billion, down from CNY 2.30 billion in 2020, representing a decline of about 14.36%[21] - The net profit attributable to shareholders for Q4 2021 was a loss of approximately CNY 640.61 million, compared to a loss of CNY 3.40 million in Q3 2021[25] - The company reported a significant increase in non-operating income from debt restructuring, amounting to approximately CNY 36.01 million in 2021[27] - The natural gas sales revenue was CNY 1.762 billion, accounting for 89.34% of total revenue, with a year-on-year decline of 14.04%[53][56] - The company reported a significant drop in environmental business revenue, which fell to zero from CNY 10.38 million in 2020, marking a 100% decrease[53][54] - The mining business revenue decreased by 29.76% to CNY 24.5 million from CNY 34.88 million in 2020[53][54] Business Strategy and Operations - The company has undergone significant business transformations, shifting from household appliances to natural gas pipeline operations[19] - The company is focusing on expanding its natural gas business in response to the growing market and favorable government policies[31] - The company focuses on natural gas comprehensive utilization, including gas source development, long-distance pipeline construction, and urban gas operation, aiming for integrated upstream and downstream business structure[37] - The company aims to expand its market presence by optimizing the gas supply chain and enhancing the construction of gas supply and storage systems[35] - The company is actively involved in the development of renewable energy and clean energy utilization, aligning with national policies for energy transition[40] - The company is committed to developing a diversified energy supply system and enhancing its risk management capabilities in energy supply[36] - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[3] - The company is focused on improving budget management and cost control to enhance operational efficiency and profitability[86] - The company is focused on talent development to build a high-quality workforce that meets its strategic needs[88] Risk Management and Challenges - The company has a focus on risk management and has outlined potential risks and countermeasures in its future outlook section[4] - The company acknowledges risks related to economic cycles, policy changes, market demand, and reliance on upstream suppliers[89][90] - The company is facing challenges due to debt restructuring and asset disposal, which have limited its business expansion capabilities[41] - The company is actively addressing debt issues, with most principal repayments completed and ongoing asset restructuring to enhance debt repayment capabilities[94] - The company is currently involved in multiple legal disputes, with total claims exceeding 1.4 billion yuan[173] - The company has been actively managing its legal risks and has engaged in mediation to resolve disputes[175] Governance and Compliance - The company confirmed that there are no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[101] - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[106] - The company’s governance structure aligns with legal and regulatory requirements, ensuring compliance and operational integrity[101] - The company has maintained a stable management team with no resignations or dismissals reported[106] - The company is committed to strict adherence to corporate governance standards as outlined in various legal frameworks[123] Legal Proceedings - The company has frozen assets worth approximately 1.36 billion yuan as part of ongoing legal proceedings[174] - The company has received a court ruling to freeze and allocate assets related to its financial obligations[174] - The company is involved in multiple legal cases, including a claim for approximately 9 million yuan related to pipeline construction, with interest calculated from February 1, 2018[184] - The company has been involved in multiple legal disputes regarding bond trading and securities contracts, with several cases resolved through mediation[179] - The company has received a total of 320 million CNY in guarantee responsibility claims related to a lawsuit against it, which is currently in the execution phase[190] Future Outlook - The company plans to enhance its investment in high-quality energy project acquisitions and increase investment in new energy technology development to strengthen its position as a comprehensive clean energy service provider[37] - Future guidance indicates a projected revenue growth of 15% for the upcoming fiscal year[115] - The company plans to continue expanding its market presence and exploring new business opportunities in the upcoming fiscal year[120] - The management team emphasized a focus on expanding market presence and enhancing user data analytics capabilities[115] Employee and Social Responsibility - The company has established a training system to enhance employees' professional skills and overall competitiveness[132] - The company has engaged in various social welfare activities, including donations and support for low-income families[155] - The company has implemented various human resource policies to enhance employee training and protect workers' rights[151]

Financial Performance - The company's operating revenue for Q3 2021 was ¥547,212,590.72, a decrease of 6.07% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥3,401,776.22, representing a decline of 100.79% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,071,827.57, an increase of 93.03% compared to the previous year[3]. - The basic earnings per share were -¥0.009, a decrease of 101.50% year-on-year[3]. - The net profit for the period was a loss of ¥21,846,532.19, compared to a profit of ¥236,974,795.53 in the previous year[27]. - The total comprehensive income for the third quarter was -21,846,532.19 CNY, compared to 236,974,795.53 CNY in the previous year[28]. - The basic and diluted earnings per share were both -0.0295 CNY, down from 0.37 CNY in the same period last year[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,744,743,664.99, down 7.84% from the end of the previous year[3]. - The company's total assets decreased to ¥3,744,743,664.99 from ¥4,063,237,030.70, reflecting a decline of 7.8%[24]. - Current liabilities totaled ¥1,637,701,435.54, down 15.6% from ¥1,939,291,843.82 in the previous year[23]. - Long-term borrowings increased to ¥195,000,000.00 from ¥138,240,172.00, representing an increase of 41.0%[23]. - The total equity attributable to shareholders was ¥1,257,378,471.49, a decrease of 1.29% from the previous year[4]. - The total equity attributable to shareholders decreased to ¥1,257,378,471.49 from ¥1,273,837,390.99, a decline of 1.3%[24]. Cash Flow - The company reported a net cash flow from operating activities of ¥193,891,728.16, which decreased by 18.60% year-to-date[3]. - Cash flow from operating activities generated a net amount of 193,891,728.16 CNY, a decrease from 238,207,868.29 CNY year-over-year[31]. - Cash inflow from operating activities totaled 1,550,850,218.05 CNY, down from 2,293,932,548.32 CNY in the previous year[31]. - Cash outflow from operating activities was 1,356,958,489.89 CNY, compared to 2,055,724,680.03 CNY last year[31]. - The net cash flow from investing activities was -38,807,479.84 CNY, a decline from 77,543,645.02 CNY in the previous year[31]. - Cash inflow from financing activities was 734,980,000.00 CNY, down from 853,141,775.47 CNY year-over-year[31]. - The net cash flow from financing activities was -225,355,106.12 CNY, compared to -411,520,617.12 CNY in the same period last year[31]. - The ending balance of cash and cash equivalents was 60,074,482.00 CNY, down from 184,212,669.52 CNY in the previous year[32]. Research and Development - Research and development expenses increased by 224.75% to ¥12,138,851.80, indicating a significant investment in new product development[9]. - Research and development expenses rose to ¥12,138,851.80, significantly higher than ¥3,737,919.19 in the previous year, indicating a focus on innovation[25]. Debt and Obligations - The company has repaid a total of RMB 39,137,195.88 in convertible bond debts, including RMB 22,527,728.00 in principal and RMB 16,609,467.88 in interest[13]. - The company has completed payments of RMB 2.205 billion in various debt obligations by the end of 2020, including 10% of the principal and corresponding interest[15]. - By July 27, 2021, the company paid a total of RMB 81.21 million to three bondholders under the new debt repayment agreement[16]. - The company has signed new debt repayment agreements with all holders of the "15 Jin Hong Bond," covering 100% of the total bond amount[17]. - The company has a total of 48 bondholders under the new repayment agreements, with 37.596% opting for a one-time payment at a discount and 58.029% choosing an extension repayment plan[16]. - The company has outstanding convertible bond debts totaling RMB 6,989,468.16 yet to be repaid as of the report date[13]. - The company has made a total payment of RMB 2.1577 billion in principal and interest to creditors by the end of 2020[18]. - The company has faced difficulties in cash flow, leading to a substantial delay in the repayment of its "16 Zhongyou Jin Hong Energy Investment Co., Ltd. 2016 First Phase Medium-Term Notes"[17]. - The company has successfully repaid 15% of the principal amount of RMB 1.2 billion for the "16 Zhongyou Jin Hong MTN001" bond by September 12, 2019[18]. Audit Status - The report for the third quarter was not audited[33].

Financial Performance - The company's operating revenue for the reporting period was ¥822,289,362.54, a decrease of 30.78% compared to ¥1,187,984,963.58 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥16,655,892.53, an improvement of 90.63% from a loss of ¥177,808,859.46 in the previous year[21]. - The net cash flow from operating activities was ¥187,277,412.25, down 12.91% from ¥215,050,451.43 in the same period last year[21]. - The total assets at the end of the reporting period were ¥3,820,075,722.25, a decrease of 5.98% from ¥4,063,237,030.70 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥1,259,917,689.13, down 1.09% from ¥1,273,837,390.99 at the end of the previous year[21]. - The basic earnings per share were -¥0.02, an improvement of 92.31% from -¥0.26 in the same period last year[21]. - The weighted average return on net assets was -1.32%, an increase of 14.87% compared to -16.19% in the previous year[21]. Revenue Breakdown - Gas business revenue accounted for ¥816,296,654.41, representing 99.27% of total revenue, down 29.48% year-over-year[38]. - Natural gas revenue was ¥709,940,655.43, which is 86.34% of total revenue, reflecting a 31.10% decrease from ¥1,030,348,071.48 last year[38]. - The company reported a significant decline in environmental business revenue, which dropped to zero from ¥10,378,277.58, marking a 100% decrease[38]. - The mining business revenue decreased by 70.25% to ¥5,992,708.13 from ¥20,142,332.50 in the previous year[38]. - Revenue from Hunan region increased by 7.34% to ¥507,433,762.24, making up 61.71% of total revenue[38]. - The company experienced a 63.24% increase in other income, which rose to ¥48,099,524.27 from ¥29,465,517.96[38]. Investment and R&D - Research and development expenses surged by 284.35% to ¥8,254,954.58, indicating increased investment in R&D projects[41]. - The company’s cash flow from investing activities decreased by 87.02%, resulting in a net cash outflow of ¥-8,859,522.26[41]. - The company reported a 600.08% increase in investment income, amounting to ¥42,333,840.52, primarily due to equity method accounting and debt restructuring gains[41]. Debt and Financing - The company has made significant progress in debt restructuring and asset optimization, resulting in a substantial increase in operating profit compared to the previous year[32]. - The company has established a strong pipeline network and maintains good relationships with upstream gas suppliers, enhancing its competitive edge in the gas business[33]. - The company has made significant progress in debt resolution, with most bond principal repayments completed[63]. - The company is actively seeking external support and reducing costs to improve revenue and profitability[63]. - The company has signed repayment agreements with 98.75% of bondholders, with all principal and interest payments completed for those who chose the discount repayment option[185]. Legal and Compliance Issues - The company is actively managing its legal risks and has engaged in multiple negotiations to resolve outstanding disputes[84]. - The company has ongoing litigation matters, with a total amount involved of 136.0351 million yuan[81]. - The company has received court rulings related to asset freezes amounting to 1.4 billion yuan[83]. - The company is involved in multiple legal disputes, including a bond trading dispute and construction contract disputes, with claims amounting to approximately 13.59 million yuan and 2.11 million yuan in interest[91]. - The company has reported a total of 2,408.04 million yuan in legal claims that have been mediated and are currently in the execution phase[93]. Guarantees and Commitments - The total external guarantee amount approved during the reporting period was CNY 175,159 million, with an actual occurrence of CNY 175,159 million[132]. - The company provided guarantees totaling CNY 713,138 million to shareholders, actual controllers, and their related parties[136]. - The total guarantee balance at the end of the reporting period was CNY 327,328 million, representing 259.80% of the company's net assets[136]. - The company has not reported any violations of procedures in providing guarantees[136]. Shareholder and Equity Information - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[162]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[161]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period[160]. - The company has a total of 680,408,797 shares outstanding, remaining unchanged from the previous reporting period[198].

Financial Performance - The company's operating revenue for 2020 was ¥2,303,598,969.48, a decrease of 38.21% compared to ¥3,727,926,100.75 in 2019[19]. - The net profit attributable to shareholders in 2020 was ¥16,518,897.25, marking a 101.26% increase from a loss of ¥1,313,582,622.34 in 2019[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥359,807,002.30, an improvement of 73.48% from -¥1,356,603,172.01 in 2019[19]. - The net cash flow from operating activities was ¥363,689,965.37, down 30.91% from ¥526,409,237.96 in 2019[19]. - The company's total assets at the end of 2020 were approximately ¥4.06 billion, a decline of 56% compared to ¥9.23 billion at the end of 2019[25]. - The weighted average return on equity for 2020 was 1.38%, a decrease of 72.23% from -70.85% in 2019[25]. - The company reported a non-recurring gain of approximately ¥376.33 million in 2020, significantly higher than ¥43.02 million in 2019[25]. - The company reported a net profit turnaround for 2020, but the net profit after deducting non-recurring gains and losses remained negative[93]. - The company has a negative retained earnings of -993,595,420.52 yuan for 2020, resulting in no profit distribution or capital reserve increase for the year[105]. Business Strategy and Development - The company plans to continue expanding its clean energy and renewable energy development, focusing on natural gas consumption which grew by 7.2% in 2020[29]. - The company aims to enhance its investment in high-quality energy projects and strengthen its integration of various resources to become a leading clean energy service provider[28]. - The company is focused on expanding its gas supply and storage systems to enhance energy security and reduce reliance on upstream suppliers[86]. - The company aims to develop a comprehensive energy utilization system and energy delivery network to create a new profit growth point in the renewable energy sector[88]. - The company is pursuing a diversified energy service model, transitioning from a single energy supply to comprehensive energy services, including clean energy and hydrogen services[95]. Debt and Financial Management - The company has faced challenges due to debt defaults and asset disposals, which have limited its business expansion capabilities[31]. - The company has been actively restructuring its debt and optimizing its asset structure to alleviate financial pressure and improve profitability[31]. - The company is working on debt resolution and has communicated with creditors to enhance its debt repayment capacity, with significant asset restructuring efforts underway[95]. - The company has ongoing commitments related to avoiding competition and regulating related transactions, which are being fulfilled[108]. - The company has a cash repayment plan for occupied funds, with amounts such as CNY 849.7 million and CNY 4,208 million scheduled for repayment in the coming years[111]. - The company has a total guarantee of 175,348.95 million related to 中油金鸿华北投资管理有限公司, which remains in effect[115]. - The company’s financial health is under scrutiny due to high levels of overdue debt and significant liabilities[116]. Legal and Compliance Issues - The audit report indicated significant uncertainties regarding the company's ability to continue as a going concern[4]. - The company is involved in multiple legal disputes, indicating a complex financial and operational environment[133]. - The company has faced challenges in fulfilling settlement agreements, leading to enforcement actions initiated by creditors[147]. - The company is actively managing its legal and financial obligations to mitigate risks associated with ongoing disputes[139]. - The company has reported a total of 919,164 yuan in claims for unpaid goods in another ongoing contract dispute[152]. Operational Efficiency and Management - The company maintained a "zero accident" safety record throughout 2020, with 1,888 safety responsibility agreements signed and 5,419 participants in internal safety training[44]. - The company emphasized resource allocation and management reforms to enhance its development potential and operational efficiency[43]. - Management will optimize personnel structure and control non-productive expenses to improve efficiency and reduce costs[117]. - The company is committed to enhancing its talent development mechanisms to build a core talent advantage for future growth[90]. Market Position and Future Outlook - The natural gas consumption in China is projected to exceed 800 billion cubic meters by 2050, indicating a strong growth potential for the company's gas business[30]. - The energy industry in China is transitioning towards natural gas, with a strategic focus on improving air quality and reducing carbon emissions[83]. - The company is positioned to benefit from the expected growth in natural gas demand, driven by economic growth and energy efficiency improvements[84]. - The company has not provided any guidance or outlook for future performance in the reported period[99].

Financial Performance - The company's revenue for Q1 2021 was ¥424,594,151.43, a decrease of 26.48% compared to ¥577,550,583.75 in the same period last year[7] - Net profit attributable to shareholders was ¥8,006,683.59, representing an increase of 111.85% from a loss of ¥67,548,686.70 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥7,526,146.96, up 110.34% from a loss of ¥72,815,702.79 year-on-year[7] - Basic and diluted earnings per share were both ¥0.0118, compared to a loss of ¥0.0993 in the previous year, marking an increase of 111.85%[7] - The weighted average return on equity was 0.63%, a significant improvement from -5.86% in the same period last year[7] - The net profit for Q1 2021 was CNY 10,873,751.59, compared to a net loss of CNY 76,276,756.54 in Q1 2020, indicating a significant turnaround[50] - The operating profit for Q1 2021 was CNY 21,595,892.30, contrasting with an operating loss of CNY 68,201,537.96 in the previous year[50] - The total profit for Q1 2021 was CNY 21,621,983.67, a significant improvement from a total loss of CNY 68,873,005.66 in Q1 2020[50] - The total comprehensive income for Q1 2021 was CNY 10,873,751.59, recovering from a comprehensive loss of CNY 76,276,756.54 in Q1 2020[51] Cash Flow - The net cash flow from operating activities was ¥128,407,399.91, down 61.79% from ¥336,067,937.00 in the same period last year[7] - Cash received from sales of goods and services in Q1 2021 was CNY 463,922,034.61, down from CNY 603,808,330.53 in the same quarter last year, reflecting a decrease of approximately 23.2%[57] - The net cash flow from financing activities decreased by 64.94% to -¥13,808.94 million due to a reduction in financing cash received[14] - The total cash inflow from financing activities was ¥313,100,000.00, compared to ¥372,857,960.82 in the previous year, indicating a decrease of about 16.0%[59] - The net cash flow from financing activities was -¥138,089,399.64, worsening from -¥83,719,396.97 in the previous year[59] - The total cash and cash equivalents at the end of the period were ¥95,048,308.98, down from ¥481,708,133.03 in the previous year, reflecting a significant decrease of approximately 80.3%[59] - The cash outflow from investing activities was ¥45,363,414.70, compared to ¥62,886,084.43 in the previous year, showing a reduction of about 27.9%[58] - The net cash flow from investing activities improved by 49.40% to -¥2,561.50 million as investments in ongoing projects decreased compared to the same period last year[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,959,910,670.08, a decrease of 2.54% from ¥4,063,237,030.70 at the end of the previous year[7] - Total liabilities decreased to CNY 2,484,482,282.50 from CNY 2,599,349,047.77[41] - Current liabilities totaled CNY 1,833,660,456.59, a reduction from CNY 1,939,291,843.82[41] - Non-current liabilities were CNY 650,821,825.91, down from CNY 660,057,203.95[41] - Owner's equity increased to CNY 1,475,428,387.58 from CNY 1,463,887,982.93[42] - The company reported a net loss of CNY 1,144,155,689.18 in retained earnings, slightly improved from CNY 1,152,162,372.77[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,931[10] - The largest shareholder, New Energy International Investment Co., Ltd., held 23.41% of the shares, totaling 159,302,851 shares, which are currently frozen[10] - Net assets attributable to shareholders increased by 0.68% to ¥1,282,510,727.64 from ¥1,273,837,390.99 at the end of the previous year[7] Research and Development - R&D expenses increased by 165.91% to ¥383.79 million due to increased investment in research and development[14] - Research and development expenses for Q1 2021 were CNY 3,837,931.36, compared to CNY 1,443,307.38 in the same period last year, indicating an increase of approximately 165.5%[49] Operational Activities - There were no major contracts related to daily operations during the reporting period[27] - The company did not engage in entrusted financial management during the reporting period[27] - The company has engaged in discussions regarding its main business operations and future development with individual investors[34] - The company has not provided specific data on its operational performance during the first quarter of 2021[35] - The company completed the sale of its subsidiary, transferring 100% equity of Zhongyou Jinhong North Investment Management Co., Ltd. to Zhongyou New Energy Industry Group Co., Ltd.[33] - The company is focusing on strategies for market expansion and new product development, although specific details were not disclosed in the communications[34] Non-Operating Funds - The company reported a total of ¥47.97 billion in non-operating fund occupation, which accounted for 38.00% of the most recent audited net assets[33] - The company disclosed non-operating fund occupation by controlling shareholders and related parties, with specific amounts detailed in the report[29] - The total amount of funds occupied by related parties at the beginning of the period was 849.7 million yuan, with a cash repayment plan outlined[30] - The repayment schedule includes 10% repayment in 2021, 20% in 2022, 30% in 2023, and 40% in 2024 for certain amounts[30] - The company plans to repay 33.68 million yuan in cash, with a similar repayment structure as mentioned above[30] - The report indicates that the company has a structured repayment plan for various related parties, ensuring financial obligations are met over the coming years[31] - The company has outlined specific repayment amounts and timelines for different related parties, ensuring transparency in financial dealings[31]

Financial Performance - Operating revenue for the current period was ¥582,552,899.33, a decrease of 25.92% year-on-year[7] - Net profit attributable to shareholders increased by 658.23% to ¥430,024,410.27 compared to the same period last year[7] - Basic earnings per share rose by 656.54% to ¥0.63[7] - Total operating revenue for Q3 2020 was CNY 582,552,899.33, a decrease from CNY 786,353,027.97 in the previous period[44] - Net profit for Q3 2020 reached CNY 426,102,883.26, compared to a net loss of CNY 84,025,514.31 in the same period last year[46] - The net profit for the period was CNY 236,974,795.53, compared to a net loss of CNY 269,443,157.68 in the previous period[54] - The comprehensive income totalled CNY 238,085,067.93, recovering from a comprehensive loss of CNY 269,443,157.68 in the previous period[55] - Basic and diluted earnings per share were both CNY 0.37, compared to a loss of CNY 0.36 per share in the previous period[55] Assets and Liabilities - Total assets decreased by 14.51% to ¥7,894,825,135.20 compared to the end of the previous year[7] - Total liabilities decreased to CNY 6,223,805,813.81 from CNY 7,840,081,728.58, a reduction of about 20.6%[37] - The company's total equity increased to CNY 1,671,019,321.39 from CNY 1,394,611,409.13, an increase of approximately 20%[38] - Current assets decreased to CNY 2,250,668,658.48 from CNY 3,530,434,323.44, a reduction of about 36.2%[35] - Cash and cash equivalents fell to CNY 231,729,730.19 from CNY 302,737,880.81, a decrease of approximately 23.5%[35] - Accounts receivable decreased to CNY 320,883,832.21 from CNY 418,653,814.92, reflecting a decline of around 23.3%[35] Cash Flow - The net cash flow from operating activities was ¥23,157,416.86, an increase of 33.50% year-to-date[7] - The net cash flow from operating activities increased to ¥238,207,868.29, up from ¥178,426,434.53 year-over-year, reflecting improved cash generation capabilities[62] - The total cash inflow from operating activities is ¥799,035,655.76, while the cash outflow is ¥456,845,658.00, resulting in a net cash inflow of ¥342,189,997.76[64] - The cash flow from financing activities shows a net outflow of ¥339,012,679.26, worsening from a net outflow of ¥176,313,420.94 in the previous period[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,449[11] - The largest shareholder, New Energy International Investment Co., Ltd., held 23.41% of the shares, totaling 159,302,851 shares[11] Investment and Expenses - Investment income surged by 4920.22% to ¥535.26 million, mainly from gains on asset disposals and debt restructuring[16] - Research and development expenses for Q3 2020 were CNY 1,590,149.08, down from CNY 2,055,369.35 year-over-year[45] - The company recorded investment income of ¥185,407,610.32, a substantial increase from ¥10,309,279.59 in the previous year, highlighting successful investment strategies[59] Debt and Financial Management - The company repaid a total of ¥39.1 million of historical "convertible bonds," with ¥22.51 million in principal and ¥16.59 million in interest paid[17] - The company has set aside ¥70.87 million in special funds to repay the remaining "convertible bond" debts[17] - The company plans to adjust its debt repayment scheme for the "15 Jinhong Bond" to ensure timely payments to bondholders[20] - The company faced substantial default on its "16 Zhongyou Jinhong Energy Investment Co., Ltd. 2016 First Phase Medium-Term Notes" due to cash flow difficulties, with a total interest payment of RMB 20 million made to all noteholders by March 29, 2019[21] Operational Efficiency - The company reported a credit impairment loss of CNY 21,701,122.64 for Q3 2020, compared to CNY 68,949.77 in the previous period[45] - The company incurred financial expenses of ¥70,142,950.25, a decrease of 44.1% from ¥125,548,521.25 in the previous year, indicating better cost management[59] - The company reported no non-operating fund occupation by controlling shareholders or related parties[30] Miscellaneous - The company has no overdue commitments from shareholders or related parties during the reporting period[25] - There were no securities or derivative investments reported during the period[26][27] - The company has not engaged in any entrusted financial management during the reporting period[28] - The third-quarter report has not been audited, 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 ¥1,187,984,963.58, a decrease of 41.82% compared to ¥2,041,784,382.93 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥177,808,859.46, representing a decline of 5.19% from -¥169,035,237.13 in the previous year[18]. - The net cash flow from operating activities increased by 6.78% to ¥215,050,451.43, compared to ¥201,393,234.43 in the same period last year[18]. - The total assets at the end of the reporting period were ¥8,929,520,115.46, down 3.30% from ¥9,234,693,137.71 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased by 14.98% to ¥1,009,267,411.37 from ¥1,187,076,270.83 at the end of the previous year[18]. - The basic and diluted earnings per share were both -¥0.26, a decrease of 4.00% compared to -¥0.25 in the same period last year[18]. - The weighted average return on net assets was -16.19%, a decline of 9.27% from -6.92% in the previous year[18]. - The company achieved operating revenue of CNY 1,187,984,963.58, a decrease of 41.82% compared to the previous year[42]. - The net profit attributable to shareholders was CNY -17,780,890.00, a year-on-year decrease of 5.91%[36]. - The total assets amounted to CNY 892,952,010.00, down 3.31% year-on-year[36]. - The net cash flow from operating activities was CNY 21,505,050.00, an increase of 6.78% year-on-year[36]. Investment and Assets - The company’s fixed assets decreased by 2.65% compared to the beginning of the year, primarily due to changes in the scope of consolidation[30]. - Cash and cash equivalents increased by 43.12% compared to the beginning of the year, mainly due to the recovery of settled accounts[30]. - The company’s deferred tax assets increased by 39.89% compared to the beginning of the year, influenced by the provision for bad debts[30]. - The total investment amount for the reporting period was ¥93,137,809.71, a decrease of 54.22% compared to the previous year's investment of ¥203,468,572.35[56]. - The company has ongoing significant non-equity investments, including a self-built natural gas pipeline project in Zhangjiakou, with an investment of ¥866,403.21 and a completion rate of 72.00%[58]. - The cumulative actual investment in the Zhangjiakou natural gas pipeline project was ¥490,430.21, with a projected shortfall of ¥94,270[60]. - The company’s investment in the Zhangjiakou natural gas pipeline project is impacted by slow land acquisition processes, affecting overall project timelines[59]. Debt and Financing - The company has faced increased financing costs and tightened financing channels due to a neutral to tight monetary policy, impacting its operational capacity[28]. - The company is actively pursuing major asset restructuring and accelerating asset disposal to reduce investment scale and improve cash flow recovery[35]. - The company has completed 35% of its total debt repayment through asset disposal, with ongoing negotiations for further debt restructuring[39]. - The company is actively working on debt resolution and has paid 35% of the principal and interest on its bonds by the end of 2019[73]. - The company is currently negotiating settlements for outstanding debts and has made partial repayments to creditors[92]. - The company has made arrangements for debt repayment based on the progress of asset disposals, with future payments contingent on incoming transaction funds[181]. - The company has repaid a total of RMB 39,099,999.4 in convertible bond debts, including principal of RMB 22,510,248.00 and interest of RMB 16,589,751.40, with RMB 7,026,664.64 remaining unpaid[179]. Legal and Regulatory Issues - The company has faced challenges in project coordination and completion, leading to increased costs and reduced profits due to delays in construction progress[59]. - The company is currently involved in multiple legal disputes, including a bond repurchase contract dispute with Huabao Securities, with a claim amount of 39.7241 million yuan[88]. - The company has been involved in a bond trading dispute with Zhongtai Securities, with claims amounting to 1,052.73 million yuan[91]. - The company has faced asset freezes, including 1.4 billion yuan in bank deposits and 135 million shares of equity[85]. - The company is actively pursuing new strategies to enhance its market position amid ongoing legal challenges[88]. - The company is involved in multiple legal disputes, including a case where it was ordered to pay CNY 1,613,117.91 for engineering fees and interest[111]. - The company has incurred significant legal costs, including litigation fees and interest payments, totaling over CNY 5 million in various disputes[148]. Strategic Initiatives - The company plans to enhance investment in high-quality energy projects and strengthen the integration of various resources to become a leading comprehensive clean energy service provider in China[26]. - The company plans to focus on natural gas as its main business while exploring new energy opportunities such as wind and hydrogen energy[37]. - The company is actively pursuing market expansion strategies, particularly in the northern regions, to enhance its market share[170]. - The company is implementing cost-control measures to improve overall profitability, targeting a reduction in operational expenses by 10%[170]. - The management remains optimistic about the market outlook, citing favorable regulatory changes and increasing demand for natural gas services[170]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 28,876, with significant shareholders including New Energy International Investment holding 23.41%[188]. - New Energy International Investment's shares are currently frozen, totaling 159,302,851 shares[188]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[190]. - The company has not issued any new shares or made any changes to the shareholding structure during the reporting period[186]. - The company’s total share capital remains at 680,408,797 shares, with no changes in the proportion of restricted or unrestricted shares[186].