Financial Performance - The company's operating revenue for 2021 was ¥2,282,058,578.86, representing a 31.13% increase compared to ¥1,740,281,651.96 in 2020[19] - The net profit attributable to shareholders for 2021 was ¥46,175,103.29, a decrease of 16.19% from ¥55,094,761.52 in 2020[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,818,963.07, down 84.03% from ¥42,699,715.80 in 2020[19] - The basic earnings per share decreased by 16.49% to CNY 0.0324, while diluted earnings per share fell by 24.36% to CNY 0.0323[20] - The total assets at the end of 2021 were CNY 3,885,245,413.36, reflecting a 5.31% increase from the end of 2020[20] - The net assets attributable to shareholders increased by 3.50% to CNY 2,164,780,126.98 compared to the end of 2020[20] - The operating cash flow for the year was CNY 175,579,198.73, a significant recovery from a negative cash flow of CNY -62,915,466.83 in the previous year[20] - The company reported a total revenue of CNY 1,782,058,578.86 for the year, with quarterly revenues of CNY 531,513,411.18, CNY 760,272,478.24, CNY 475,278,518.19, and CNY 514,994,171.25 respectively[24] Business Expansion and Strategy - The company has expanded its business scope to include agricultural information technology and supply chain trade[18] - The company is focused on developing new technologies and products in the agricultural sector[18] - The company is expanding its international trade strategy, focusing on both domestic supply chain trade and overseas market development[42] - The company aims to expand its business boundaries into the new energy industry, aligning with national goals for carbon neutrality and energy efficiency[102] - The company is actively pursuing opportunities in emerging markets such as Africa and South America for its mining machinery and marine machinery products[107] Research and Development - The total R&D investment for 2021 was CNY 22,312,325.17, a 39.63% increase from CNY 15,980,176.67 in 2020, with R&D investment as a percentage of operating income rising to 0.98%[72] - Research and development expenses increased by 8.77% to CNY 8,798,558.64, attributed to increased investment in R&D[70] - The company completed the development of multiple new products, including a high-pressure cleaning machine and a dual-cylinder opposed engine, to meet market demands[72] - The company has established a new research center for advanced materials, focusing on the development and production of new metal materials[90] Risk Management and Challenges - The company faced challenges in the industry due to rising raw material prices and increased shipping costs, which pressured profit margins[31] - The company has outlined potential risks and countermeasures in its future development outlook[5] - The company is focusing on innovation and product efficiency improvements in response to national "dual carbon" goals and industry trends[32] - The company is committed to improving its receivables management to reduce the risk of customer defaults[92] Governance and Management - The company has established a strict internal control and risk management system to enhance governance and protect minority shareholders' rights[119] - The company has a dedicated human resources management department, ensuring independent personnel management and performance evaluation systems[120] - The company has a clear ownership of patented and non-patented technologies, reinforcing its asset independence[120] - The company has established a robust governance structure with independent directors and experienced management to ensure compliance and strategic oversight[125] Environmental and Social Responsibility - The company has implemented effective measures for environmental protection, ensuring that wastewater and emissions meet regulatory standards[160] - The company has invested in pollution prevention facilities and ensured their normal operation in compliance with environmental assessments[160] - The company implemented a rooftop distributed photovoltaic power generation project in 2021, optimizing energy consumption and effectively reducing carbon emissions[165] - The company has established a safety and environmental management committee in its mining subsidiary, promoting green mining practices and minimizing environmental impact[166] Financial Management and Investments - The company has engaged in derivative investments, with a total of CNY 4,240.00 in foreign exchange forward contracts during the reporting period, resulting in a net asset value of CNY 372.63[92] - The company has invested CNY 59,060,000 in principal-protected bank wealth management products, with an outstanding balance of CNY 44,220,000[196] - The company received compensation payments totaling CNY 47,797.53 million from Jiangsu Province and Yancheng City for land use rights recovery during the reporting period[199] - The company has no overdue or unrecovered amounts related to wealth management products, indicating a stable financial position[197] Employee Management - The total number of employees at the end of the reporting period is 1,478, with 1,016 in production, 120 in sales, 130 in technology, 52 in finance, and 160 in administration[140] - The company has established a performance-oriented compensation system, including base salary, performance bonuses, and incentives to motivate employees[141] - The company has implemented a training program aimed at enhancing the capabilities of various business and management teams[142] - The company has a clear and structured approach to employee incentives, including stock options and performance assessments[145]

Financial Performance - The company's revenue for Q3 2021 was ¥475,278,518.19, a decrease of 7.65% compared to the same period last year, while year-to-date revenue reached ¥1,767,064,407.61, an increase of 70.75%[3] - The net profit attributable to shareholders for Q3 2021 was ¥660,196.28, down 96.99% year-on-year, and the year-to-date net profit was ¥30,944,121.28, a decrease of 31.21%[3] - The basic earnings per share for Q3 2021 was ¥0.0005, a decline of 96.75%, while the year-to-date figure was ¥0.0217, down 31.55%[3] - Total operating revenue for Q3 2021 reached ¥1,767,064,407.61, a significant increase from ¥1,034,870,081.68 in Q3 2020, representing a growth of approximately 70.8%[20] - Net profit for Q3 2021 was ¥39,197,319.76, down from ¥53,036,766.71 in Q3 2020, reflecting a decrease of approximately 26.1%[21] - The total comprehensive income attributable to the parent company was CNY 31,125,283.72, down from CNY 46,451,326.46 in the previous period, representing a decrease of approximately 32.9%[22] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥3,991,473,185.43, reflecting an increase of 8.18% from the end of the previous year[3] - The company's total liabilities reached ¥1,508,010,396.71, up from ¥1,254,651,228.91 at the end of 2020, indicating a rise of about 20.2%[18] - Current assets totaled ¥1,765,983,814.53 as of September 30, 2021, compared to ¥1,537,324,559.64 at the end of 2020, marking an increase of approximately 14.9%[18] - The company's equity attributable to shareholders increased to ¥2,128,986,232.46 as of September 30, 2021, from ¥2,091,619,688.27 at the end of 2020, reflecting a growth of about 1.8%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was negative at -¥120,600,778.35[3] - The net cash flow from operating activities was negative at CNY -120,600,778.35, compared to CNY -38,466,689.82 in the same period last year, indicating a worsening cash flow situation[25] - Cash inflow from operating activities totaled CNY 1,911,269,599.79, an increase of 57.5% from CNY 1,212,170,621.86 in the previous year[25] - The company reported cash outflow from operating activities of CNY 2,031,870,378.14, which is a significant increase from CNY 1,250,637,311.68 in the previous period[25] - The company’s cash and cash equivalents at the end of the period stood at CNY 349,791,991.54, compared to CNY 179,168,197.57 at the end of the previous period, marking an increase of 95.5%[25] Research and Development - Research and development expenses for the year-to-date increased by 119.97% to ¥4,831,710.47, indicating a focus on innovation and product development[8] - Research and development expenses for Q3 2021 were ¥4,831,710.47, compared to ¥2,196,541.10 in Q3 2020, representing an increase of approximately 120%[21] Investments and Joint Ventures - The company invested RMB 20 million to establish the Chongqing Guochuang Light Alloy Research Institute, holding an 11.94% stake[12] - The registered capital of the Chongqing Guochuang Light Alloy Research Institute is RMB 16.75 million[13] - The company co-founded the joint venture "Ganfeng Zhongkai Mining Technology Co., Ltd." with Ganfeng Lithium, with a registered capital of RMB 10 million[14] - The company holds a 35% stake in the joint venture, contributing RMB 3.5 million[14] - The establishment of the joint venture was completed on October 25, 2021[14] Operational Challenges - The manufacturing sector's cost increased significantly due to raw material price surges, international logistics issues, and exchange rate fluctuations[12] - The company implemented price increases to offset rising costs, but the gross margin in the manufacturing sector declined year-on-year[12] - The company aims to improve profitability by increasing mining operations during the ongoing rise in commodity prices[12] Other Income and Expenses - The total non-operating income for the year-to-date was ¥1,706,832.06, a decrease of 85.20% compared to the previous year, primarily due to reduced social security exemptions[8] - The company received government subsidies amounting to ¥1,392,046.40 year-to-date, which is an 82.98% decrease from the previous year[8] - The company received CNY 567,723,404.22 from investment recoveries, significantly higher than CNY 100,000,000.00 in the previous year, indicating a strong recovery in investments[25] Financing Activities - The total cash inflow from financing activities was CNY 322,711,935.05, down from CNY 430,972,305.13 in the previous year, reflecting a decrease of approximately 25.2%[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,291,785,889.42, representing a 148.31% increase compared to ¥520,222,653.86 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥30,283,925.00, up 31.52% from ¥23,026,090.97 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥25,206,189.20, a significant increase of 127.39% compared to ¥11,085,177.02 in the same period last year[19]. - The basic earnings per share for the reporting period was ¥0.0213, an increase of 31.48% from ¥0.0162 in the same period last year[19]. - The company achieved a revenue of 1,291.79 million yuan in the first half of 2021, representing a growth of 148.31% year-on-year, with a net profit attributable to the parent company of 30.28 million yuan, up 31.52% year-on-year[29]. - The company reported a total comprehensive income of CNY 35,048,021.22, compared to CNY 23,496,974.67 in the same period last year, representing an increase of about 49.5%[139]. - The company reported a net profit for the period of CNY 34,426,318.17, up from CNY 24,078,146.13 year-on-year, indicating a growth of approximately 43.0%[139]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,946,642,244.50, reflecting a 6.97% increase from ¥3,689,492,572.25 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.57% to ¥2,124,533,059.64 from ¥2,091,619,688.27 at the end of the previous year[19]. - The total liabilities of Jiangsu Nonghua Smart Agriculture Technology Co., Ltd. amounted to CNY 1,471,737,379.94, an increase from CNY 1,254,651,228.91 at the end of 2020, representing a growth of approximately 17.3%[136]. - The total current liabilities amounted to CNY 1,407,654,558.95, up from CNY 1,190,558,003.12, indicating an increase of approximately 18.3%[136]. - The total non-current liabilities remained relatively stable, with a slight decrease from CNY 64,093,225.79 to CNY 64,082,820.99[136]. Cash Flow - The company reported a net cash flow from operating activities of -¥106,951,099.45, worsening from -¥56,171,448.58 in the previous year[19]. - The company reported a net cash flow from investment activities of ¥62,406,060.12, primarily due to the recovery of land reserve funds[41]. - The cash inflow from operating activities amounted to CNY 377,445,803.62, a significant increase from CNY 123,705,171.83 in the previous period, representing a growth of approximately 205.5%[143]. - The net cash flow from financing activities was negative at CNY -81,080,186.38, compared to a positive cash flow of CNY 41,369,716.76 in the same period last year[143]. Market and Product Development - The manufacturing segment accounted for nearly 80% of total revenue, generating 1,022.82 million yuan, while the mining segment reported a net profit of 10.97 million yuan, an increase of 354.61% year-on-year[29]. - The company launched 11 new high-pressure cleaning machine models in the first half of 2021, with 4 additional models currently under development, contributing to a 113.54% year-on-year revenue growth in the manufacturing segment[30]. - The company plans to continue expanding its product offerings, particularly in high-pressure cleaning machines, despite challenges from rising raw material costs and shipping fees[46]. - The company is actively pursuing a global trade strategy, enhancing its overseas sales team to expand its business in Europe while maintaining domestic supply chain trade[28]. Risk Management - The company has identified potential risks and corresponding countermeasures in its operations, which are detailed in the report[4]. - The company faced risks from macroeconomic fluctuations, international trade policies, and customer concentration, with B&S accounting for a high percentage of total revenue[68][70][71]. - The company plans to mitigate risks by expanding into new markets, adjusting product structures, and developing new technologies[69][71]. - The company has implemented measures to manage risks associated with foreign exchange fluctuations and customer defaults[63]. Environmental and Social Responsibility - Jiangsu Nonghua is classified as a key pollutant discharge unit, with measures in place to manage and reduce environmental impact[84]. - The company has established a safety and environmental management committee in its mining subsidiary, Zhongkai Mining, to enhance ecological protection efforts[90]. - The company has implemented a comprehensive environmental monitoring plan, engaging qualified third-party units for regular assessments[88]. - The company has committed to sustainable development by utilizing waste rock for underground filling, minimizing surface environmental impact[90]. Corporate Governance - The company has actively responded to stakeholder expectations by improving corporate governance and investor relations[89]. - The financial report for the half-year period was not audited[133]. - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance[168]. - The company has maintained a competitive compensation system to enhance employee skills and safety training[89].

Financial Performance - The company's revenue for Q1 2021 was ¥531,513,411.18, representing a 119.42% increase compared to ¥242,235,085.56 in the same period last year[9] - Net profit attributable to shareholders was ¥12,829,282.90, a significant increase of 194.58% from ¥4,355,119.50 year-on-year[9] - The net profit after deducting non-recurring gains and losses reached ¥10,635,596.11, marking an increase of 827.62% compared to ¥1,146,544.92 in the previous year[9] - Basic earnings per share rose to ¥0.0090, up 190.32% from ¥0.0031 in the same quarter last year[9] - Total operating revenue for Q1 2021 reached ¥531,513,411.18, a significant increase of 120% compared to ¥242,235,085.56 in the same period last year[41] - Net profit for Q1 2021 was ¥12,012,840.10, compared to ¥4,254,242.88 in the previous year, indicating a growth of 182%[43] - The comprehensive income totalled ¥11,524,219.33, compared to ¥2,879,523.63 in the previous year, reflecting a growth of 300%[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,772,339,788.16, a 2.25% increase from ¥3,689,492,572.25 at the end of the previous year[9] - The company's total assets stood at ¥3,607,195,996.20, slightly down from ¥3,611,887,362.28 at the end of the previous quarter[39] - The company's total liabilities as of March 31, 2021, were CNY 1,322,970,128.28, up from CNY 1,254,651,228.91 at the end of 2020, which is an increase of approximately 5.5%[35][36] - The total liabilities were reported at ¥666,867,939.49, a marginal increase from ¥666,413,920.97[39] Cash Flow - The company reported a net cash flow from operating activities of -¥63,695,980.51, compared to -¥39,265,761.42 in the same period last year[9] - The cash flow from operating activities showed a net outflow of ¥63,695,980.51, worsening from a net outflow of ¥39,265,761.42 in the previous year[49] - The total cash inflow from investment activities was ¥895,036,471.51, while cash outflow was ¥646,641,876.63, resulting in a net cash inflow of ¥248,394,594.88[49] - The net cash flow from investment activities was 258,083,752.26 CNY, a significant increase compared to 1,282,625.81 CNY in the previous period[53] Shareholder Information - The company had a total of 179,923 common shareholders at the end of the reporting period[13] - Jiangsu Jiangdong Group Co., Ltd. held 25.95% of the shares, with 369,704,700 shares pledged[13] Research and Development - The company's research and development expenses surged by 835.81% compared to the previous period, reflecting a significant increase in R&D project expenditures[18] - Research and development expenses increased to ¥1,402,586.56 from ¥149,879.95, showing a growth of 834% year-over-year[42] - The company incurred research and development expenses of ¥217,198.40 in Q1 2021, a notable increase from ¥4,845.87 in the same period last year[44] Operational Performance - The company's operating revenue increased by 119.42% compared to the previous period, primarily due to the growth in the sales scale of its machinery and new businesses[18] - Total operating costs amounted to ¥516,527,427.75, up from ¥241,011,605.36, reflecting a rise of 114% year-over-year[42] - The company reported a 124.54% increase in operating costs compared to the previous period, driven by the rise in sales scale[18] Other Financial Metrics - The weighted average return on equity was 0.61%, an increase of 0.41% from 0.20% in the previous year[9] - The company reported an investment income of ¥2,180,362.95, up from ¥1,617,201.14, marking a rise of 35%[42] - The company received tax refunds amounting to ¥40,312,799.39, compared to ¥12,297,190.72 in the previous year, reflecting better cash flow management[49] Inventory and Receivables - The inventory level increased to CNY 310,719,278.34 from CNY 242,782,958.64, reflecting a growth of approximately 28.0%[33][34] - The company's accounts receivable increased by 91.68% compared to the beginning of the period, primarily due to an increase in accounts receivable still within the credit period[18] - Accounts receivable rose significantly to CNY 249,881,423.61 from CNY 130,364,743.85, marking an increase of about 91.5%[33][34] Compliance and Governance - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[28] - There were no violations regarding external guarantees during the reporting period[29] - The first quarter report was not audited[55]

Financial Performance - The company's operating revenue for 2020 was CNY 1,740,281,651.96, representing a 20.41% increase compared to CNY 1,445,354,291.16 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 55,094,761.52, a significant recovery from a loss of CNY 960,309,146.71 in 2019[18]. - The net cash flow from operating activities was CNY 153,251,969.14, compared to a negative cash flow of CNY -62,915,466.83 in the previous year[18]. - The basic earnings per share for 2020 was CNY 0.04, recovering from a loss of CNY -0.68 in 2019[18]. - The total assets at the end of 2020 were CNY 3,689,492,572.25, a decrease of 3.71% from CNY 3,831,660,039.26 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 3.37% to CNY 2,091,619,688.27 from CNY 2,164,524,860.24 in 2019[18]. - The weighted average return on net assets improved to 2.59% from -36.35% in the previous year, an increase of 38.94 percentage points[18]. - The gross profit margin for the overall business improved to 13.40%, an increase of 12.89 percentage points year-on-year[38]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 153.25 million[38]. - The total revenue from operating activities increased by 67.01% to approximately CNY 1.80 billion in 2020, compared to CNY 1.08 billion in 2019[57]. Investments and Assets - The company’s cash and cash equivalents increased by 72.22% compared to the previous year, primarily due to the influx of structured deposits and land acquisition payments[32]. - The company’s debt investments rose by 266.67% year-on-year, attributed to increased purchases of time deposits[32]. - The company reported a significant increase in investment activity cash inflow by 835.21%, reaching CNY 294.83 million in 2020[57]. - The company has ongoing significant non-equity investments, with a notable project being the self-built mining engineering project, which has accumulated actual investment of ¥19,644,631.22[68]. - The company’s financial assets include trading financial assets valued at ¥363,842,418.64, with a fair value change of ¥228,757.79 during the period[64]. - The company reported a total investment of 3,528 million RMB in derivative financial instruments, with a net asset ratio of 9.45%[72]. Business Operations - The company reported a quarterly revenue of CNY 705,411,570.28 in Q4 2020, contributing significantly to the annual growth[21]. - The manufacturing segment generated revenue of CNY 1,267.70 million, up 24.07% year-on-year, while international business revenue rose by 28.54% to CNY 825.27 million[37]. - The general power machinery business saw a revenue increase of 66.00% to CNY 593.69 million, driven by new product sales[37]. - The company’s trading business has expanded to target large clients in the infrastructure sector while maintaining a dual circulation strategy[28]. - The company aims to expand its product offerings in components and terminal products while leveraging its core strengths in power technology[27]. Research and Development - The company filed 28 patents in 2020, including 22 invention patents, indicating a strong focus on innovation[36]. - The company plans to focus on technology upgrades and new product development in the machinery manufacturing sector, including various diesel engine models and high-pressure cleaning machines[55]. - The company's research and development investment decreased by 40.39% to CNY 15.98 million in 2020, down from CNY 26.81 million in 2019[57]. Risk Management and Future Outlook - The company has outlined potential risks and strategies for future development in its report, emphasizing the importance of investor awareness regarding these risks[5]. - The company is facing risks from macroeconomic fluctuations, international trade policies, and raw material price volatility, which could impact its business scale and profitability[82][83][86]. - The macroeconomic environment remains complex, but the company anticipates opportunities in agricultural modernization due to government policies supporting rural revitalization[78]. - The company plans to focus on core businesses and enhance operational efficiency in 2021, aligning with national policies promoting domestic circulation[39]. Corporate Governance and Management - The company has not experienced any major litigation or arbitration matters that would significantly impact its financial status[103]. - The company has established a forward exchange contract management system to mitigate foreign exchange risks[72]. - The independent directors have not raised any objections to company matters during the reporting period, indicating a consensus on governance[177]. - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring a fully independent operational capability[174]. - The management team has a diverse background in finance, management, and industry-specific expertise, which supports the company's growth strategy[160]. Employee and Compensation - The total number of employees in the company is 1,758, with 1,683 receiving salaries during the reporting period[166]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 5.28 million yuan[164]. - The company has established a performance-oriented compensation system, including base salary, performance pay, and excess incentive bonuses, to motivate employees[168]. - The company has implemented a stock option and restricted stock incentive plan in 2020 to enhance core competitiveness and stabilize key management talent[181]. Environmental and Social Responsibility - The company has successfully passed environmental impact assessments for its gasoline engine and single-cylinder diesel engine projects[128]. - The company has implemented effective pollution control measures, ensuring that wastewater, waste gas, and noise emissions meet regulatory standards[127]. - The company provided sponsorship to 58 local households, contributing to community development[124]. - The company has established emergency response plans for environmental incidents and has filed them with local environmental authorities[130].

Financial Performance - Operating revenue for the reporting period was CNY 514,647,427.82, an increase of 53.29% year-on-year [7]. - Net profit attributable to shareholders was CNY 21,959,083.61, marking a turnaround from loss to profit [7]. - Basic earnings per share for the reporting period was CNY 0.0154, indicating a recovery from previous losses [7]. - The weighted average return on net assets increased by 3.65 percentage points to 0.69% [7]. - The company reported a net cash flow from operating activities of CNY 17,704,758.76, showing a positive turnaround compared to the previous year [7]. - Net profit significantly increased compared to the previous year, driven by strategic adjustments and improved operational quality [16]. - The company reported a net loss of CNY 751.32 million, improving from a loss of CNY 796.31 million in the previous year [32]. - The net profit for Q3 2020 was CNY 28,958,620.58, a significant recovery from a net loss of CNY 113,114,722.35 in the same quarter of the previous year [40]. - The total comprehensive income for Q3 2020 was CNY 31,000,457.50, compared to a loss of CNY 120,708,172.39 in the same period last year [40]. - The company recorded a total comprehensive income of CNY 54,497,432.17, a recovery from a loss of CNY -147,890,473.98 in the same quarter last year [46]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,591,206,807.48, a decrease of 6.28% compared to the end of the previous year [7]. - The total liabilities decreased to CNY 1.17 billion from CNY 1.47 billion, reflecting a reduction of approximately 20.6% [32]. - The company's equity attributable to shareholders decreased to CNY 2.09 billion from CNY 2.16 billion, a decline of approximately 3.2% [32]. - The total assets as of September 30, 2020, amounted to CNY 3.61 billion, down from CNY 3.90 billion at the end of 2019, indicating a decline of about 7.4% [36]. - Total liabilities amounted to CNY 1,473,115,560.91, with current liabilities at CNY 1,409,847,390.41 [60]. - The total equity attributable to shareholders reached CNY 2,164,524,860.24, while total equity was CNY 2,358,544,478.35 [61]. - The company’s total liabilities and equity amounted to CNY 3,901,153,371.89, reflecting its financial position [64]. Cash Flow - Cash and cash equivalents increased by 39.34% compared to the beginning of the period, mainly due to the receipt of land reserve payments and the maturity of financial assets [16]. - The company reported a net cash inflow from operating activities, mainly due to reduced cash payments related to government social security exemptions [16]. - The company reported a net cash outflow from operating activities of CNY -38,466,689.82, an improvement from CNY -67,458,613.44 in the same period last year [51]. - Investment cash inflow totaled CNY 179,325,902.47, significantly up from CNY 3,690,881.21 in the previous year [55]. - Net cash flow from investment activities was CNY 151,416,014.03, a recovery from negative CNY 56,898,082.34 in the previous year [55]. - Financing cash inflow was CNY 350,612,590.48, down from CNY 451,756,596.65 in the previous year [55]. - The ending cash and cash equivalents balance was CNY 179,168,197.57, compared to CNY 385,645,392.30 at the end of the previous year [52]. Expenses - Sales expenses decreased by 42.00% year-on-year, attributed to the integration of sales personnel and changes in revenue recognition standards [16]. - Management expenses decreased by 57.81% year-on-year, mainly due to personnel integration and the closure of subsidiaries [16]. - R&D expenses decreased by 95.22% year-on-year, primarily due to reduced capitalized R&D expenditures [16]. - Financial expenses increased by 1382.20% year-on-year, mainly due to decreased foreign exchange gains and interest income [16]. - Research and development expenses decreased to CNY 188,965.27 in Q3 2020 from CNY 42,416,818.05 in the previous year, reflecting a reduction of about 99.6% [39]. - The financial expenses for the quarter were CNY 8,186,809.09, a decrease from CNY 552,343.39 in the previous year, showing improved financial management [45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,698 [11]. - Jiangsu Jiangdong Group Co., Ltd. held 25.95% of the shares, with 369,704,700 shares pledged [11]. Market and Business Developments - The company’s major client, Briggs & Stratton Corporation, filed for bankruptcy, impacting future business operations [15]. - The company is monitoring the new business developments under Briggs & Stratton LLC, which has taken over the contracts from the bankrupt entity [15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [46].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥520,222,653.86, a decrease of 28.29% compared to ¥725,423,280.84 in the same period last year[17]. - The net profit attributable to shareholders was ¥23,026,090.97, marking a turnaround from a loss of ¥23,574,646.26 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,085,177.02, compared to a loss of ¥29,367,160.62 in the same period last year[17]. - The basic earnings per share increased to ¥0.0162 from a loss of ¥0.0166 in the previous year[17]. - Total revenue for the reporting period was ¥520,222,653.86, a decrease of 28.29% compared to ¥725,423,280.84 in the same period last year[39]. - The company reported a net profit increase for Jiangsu Jiangdong Group Import and Export Co., Ltd. due to changes in sales methods and favorable exchange rate impacts, with a net profit of CNY 13,549,224, representing a significant year-on-year increase[57]. - Jiangsu Jiangdong Diesel Engine Manufacturing Co., Ltd. turned a profit during the reporting period, with a net profit of CNY 4,868,875, attributed to cost reductions and government support measures[58]. - The company reported a net loss of CNY 773,280,821.33, an improvement from a loss of CNY 796,306,912.30 in the previous period[132]. - The company achieved a profit before tax of CNY 28,409,094.84, compared to a loss before tax of CNY 33,440,620.55 in the same period of 2019[138]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,771,301,206.52, a decrease of 1.58% from ¥3,831,660,039.26 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 4.63% to ¥2,064,199,982.43 from ¥2,164,524,860.24 at the end of the previous year[17]. - Cash and cash equivalents decreased by 55.85% compared to the beginning of the period, primarily due to increased time deposits and capital expenditures[26]. - Accounts receivable increased by 61.90% compared to the beginning of the period, mainly due to an increase in receivables within the credit period[26]. - The company’s cash and cash equivalents decreased by 17.92% to ¥87,501,585.62 from ¥1,100,935,482.04 year-on-year[45]. - The total investment during the reporting period was ¥177,708,475.82, an increase of 267.79% compared to ¥48,318,015.89 in the same period last year[49]. - The total liabilities decreased from CNY 1,473,115,560.91 to CNY 1,387,868,346.95, a reduction of about 5.8%[132]. - Shareholders' equity increased from CNY 2,358,544,478.35 to CNY 2,383,432,859.57, reflecting a growth of approximately 1.1%[132]. Cash Flow - The company reported a net cash flow from operating activities of -¥56,171,448.58, slightly improved from -¥58,498,370.43 in the previous year[17]. - Cash inflow from investment activities totaled ¥117,152,166.34, while cash outflow was ¥177,708,475.82, resulting in a net cash outflow of ¥60,556,309.48[142]. - Cash flow from financing activities generated a net inflow of ¥58,879,839.26, compared to a net inflow of ¥59,248,932.14 in the same period last year[142]. - The ending balance of cash and cash equivalents was 27,211,413.72 yuan, a significant drop from 658,549,748.18 yuan in the previous period[144]. Market and Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to focus on expanding its domestic market and enhancing its core competitiveness in the agricultural machinery sector[34]. - The company aims to maintain its leading position in exports while exploring new opportunities in global trade[34]. - The company has implemented a strategy to improve operational efficiency and quality, aiming for sustainable profitability[33]. - The company is actively pursuing talent development and industry transformation to adapt to macroeconomic changes and policy dynamics[34]. - The company has implemented strategies to mitigate risks associated with international market fluctuations and domestic economic pressures[59]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[93]. - The company emitted 1.6 million tons of lead-zinc tailings, with a concentration of 18%, adhering to the pollution discharge standards[94]. - The company has established pollution prevention facilities in compliance with environmental assessments and ensures their normal operation[95]. - The company has completed environmental impact assessments for its mining project, receiving approval from the local environmental authority[96]. - The company has developed emergency response plans for environmental incidents based on production processes and pollution risks[97]. Shareholder Information - The total number of shares is 1,418,803,318, with 94.183% being unrestricted shares[108]. - Total number of common shareholders at the end of the reporting period is 95,057[111]. - Jiangsu Jiangdong Group Co., Ltd. holds 26.06% of shares, totaling 369,704,700 shares, with 82,500,000 shares under lock-up conditions[111]. - The largest shareholder, Jiangsu Jiangdong Group, has pledged 369,700,000 shares[111]. - The second-largest shareholder, Guo Zhiwei, holds 1.13% of shares, totaling 16,062,133 shares, with an increase of 6,597,100 shares during the reporting period[111]. Research and Development - Research and development expenses decreased by 43.71% to 2.01 million yuan, reflecting reduced spending on R&D projects[37]. - Research and development expenses for the first half of 2020 were CNY 2,007,575.83, down from CNY 3,566,369.77 in the previous year, reflecting a reduction of 43.7%[138]. Risk Factors - The company has faced risks and has outlined measures to address them in the report[4]. - The company faces risks related to international trade, macroeconomic conditions, and environmental regulations, which could impact future operations and profitability[59]. - The bankruptcy restructuring of major client B&S in July 2020 introduces uncertainty for the company's future development in the machinery business[60]. - The company plans to enhance customer development efforts and increase new product development to mitigate risks associated with client concentration[60].

Financial Performance - The company's operating revenue for Q1 2020 was ¥242,235,085.56, a decrease of 32.39% compared to ¥358,260,611.70 in the same period last year[9]. - Net profit attributable to shareholders was ¥4,355,119.50, an increase of 40.39% from ¥3,102,213.16 year-on-year[9]. - The basic earnings per share increased by 40.91% to ¥0.0031 from ¥0.0022 in the previous year[9]. - Operating revenue decreased by 32.39% compared to the previous period, primarily due to the impact of the pandemic on domestic market demand and delays in export order deliveries[19]. - Total operating revenue for Q1 2020 was CNY 57,572,306.14, a decrease of 33.5% compared to CNY 86,517,977.54 in the same period last year[43]. - Net profit for Q1 2020 reached CNY 4,254,242.88, compared to CNY 916,434.77 in Q1 2019, representing a significant increase[41]. - Operating profit for Q1 2020 was CNY 599,328.73, up from CNY 476,117.86 in the previous year, indicating a growth of 25.8%[43]. - The company reported a total operating cost of CNY 241,011,605.36, down from CNY 363,869,850.67 in the previous year, reflecting a reduction of 33.8%[43]. - The company achieved investment income of CNY 1,617,201.14, compared to CNY 2,461,507.70 in the same quarter last year, a decrease of 34.3%[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,823,451,263.44, a slight decrease of 0.21% from ¥3,831,660,039.26 at the end of the previous year[9]. - The company's total assets amounted to 3,823,451,263.44 yuan as of March 31, 2020, compared to 3,831,660,039.26 yuan at the end of 2019[31]. - The total current assets decreased to CNY 1,750,610,893.67 from CNY 1,777,314,992.34, reflecting a decline of approximately 1.5%[35]. - The total liabilities decreased slightly to CNY 1,462,628,123.71 from CNY 1,473,115,560.91, indicating a reduction of about 0.7%[34]. - The company's total equity increased to CNY 2,360,823,139.73 from CNY 2,358,544,478.35, showing a marginal growth of 0.1%[34]. - The company's total liabilities included short-term borrowings of 256 million yuan and accounts payable of 484,137,099.54 yuan as of March 31, 2020[32]. - The total liabilities and equity remained stable at CNY 3,823,451,263.44 compared to CNY 3,831,660,039.26, indicating a slight decrease of about 0.2%[34]. Cash Flow - The company reported a net cash flow from operating activities of -¥39,265,761.41, an improvement from -¥46,370,739.87 in the previous year[9]. - Cash inflow from operating activities was CNY 250,742,677.01, down from CNY 306,414,358.44 in the previous year, a decline of 18.2%[46]. - The net cash flow from operating activities was -39,265,761.42 CNY in Q1 2020, compared to -46,370,739.87 CNY in Q1 2019, showing an improvement of approximately 15%[47]. - The cash inflow from operating activities totaled 50,554,068.19 CNY in Q1 2020, compared to 61,096,230.30 CNY in Q1 2019, representing a decline of approximately 17.3%[50]. - The net cash flow from investing activities was -1,584,431.25 CNY in Q1 2020, compared to -20,570,435.46 CNY in Q1 2019, indicating a substantial improvement[47]. - The cash flow from investment activities showed a net inflow of 1,282,625.81 CNY in Q1 2020, compared to a net outflow of -14,623,201.28 CNY in Q1 2019, indicating a positive turnaround[51]. Operational Changes - The company decided to divest its coal business and shut down its wholly-owned subsidiary, aiming to expedite asset liquidation[18]. - The mining license for the subsidiary's lead-zinc mine is currently under renewal procedures, with normal operations ongoing[18]. - The company received government subsidies amounting to ¥164,000.00 during the reporting period[10]. - The company executed a new revenue recognition standard, reclassifying advance receipts to contract liabilities[57]. Shareholder Information - The weighted average return on net assets increased by 0.10 percentage points to 0.20% from 0.10% in the previous year[9]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[20]. - The company reported no derivative investments during the reporting period[24]. - The company’s chairman is Xiang Zhipeng[60].

Financial Performance - The company's operating revenue for 2019 was approximately ¥1.45 billion, representing a decrease of 5.40% compared to ¥1.53 billion in 2018[19]. - The net profit attributable to shareholders was a loss of approximately ¥960 million, compared to a profit of ¥41 million in 2018[19]. - The net cash flow from operating activities was negative at approximately ¥62.92 million, a significant decline from a positive cash flow of ¥11.10 million in 2018[19]. - Total assets decreased by 31.32% to approximately ¥3.83 billion at the end of 2019, down from ¥5.57 billion at the end of 2018[19]. - The net assets attributable to shareholders decreased by 30.60% to approximately ¥2.16 billion at the end of 2019, compared to ¥3.11 billion at the end of 2018[19]. - The basic earnings per share for 2019 was -¥0.68, compared to ¥0.03 in 2018[19]. - The company reported a significant loss in the fourth quarter, with a net profit attributable to shareholders of -¥846.97 million[24]. - The company reported a significant loss of ¥83,957,272.02 from the disposal of non-current assets, including impairment provisions for fixed assets[27]. - The company’s revenue from non-ferrous metal mining increased by 53.67% to CNY 164,818,513.87, despite facing losses due to rising costs[44]. - The company reported a net profit of ¥17,671,500.52 for the year 2019[107]. Cash Flow and Investments - Cash and cash equivalents decreased by 83.46% from the beginning of the period, mainly due to investments in principal-protected financial products and debt repayments[35]. - The total cash inflow from investment activities decreased by 73.77% to ¥31,525,671.96 in 2019, attributed to the previous year's land disposals[63]. - The total amount of cash and cash equivalents decreased by ¥641,943,537.71 in 2019, reflecting a significant cash outflow[63]. - The company’s investment activities cash outflow increased by 371.75% to ¥598,966,479.41, reflecting a strategic shift to reduce financing costs[63]. - Total investments for the reporting period were ¥141,095,499.39, an increase of 11.13% compared to ¥126,966,943.73 in the previous year[72]. - The company has entrusted CNY 359.79 million in capital management through principal-protected bank financial products, with no overdue amounts[134]. Operational Challenges - The company faces various risks and has outlined its future development outlook in the report[6]. - The company’s mechanical segment experienced a revenue decline due to macroeconomic conditions and U.S.-China trade relations, contributing to an overall operating loss for the year[25]. - The company is addressing macroeconomic risks by seeking new market opportunities and developing new technologies and products[92]. - The global economic environment remains uncertain, with the COVID-19 pandemic impacting export business and increasing risks related to trade policies and currency fluctuations[92]. - The company is facing uncertainties in its export business due to the global impact of the COVID-19 pandemic, affecting political and economic stability in importing countries[144]. Strategic Initiatives - The company plans to continue optimizing asset management and restructuring to improve operational efficiency amid challenging market conditions[25]. - The company plans to focus on core business and enhance management efficiency in 2020 to mitigate losses and improve profitability[41]. - The company is exploring new industries and technologies to promote transformation and sustainable development[89]. - The company plans to expand its overseas business by leasing facilities in Vietnam to manufacture and sell machinery and electrical products, although progress has been hindered by pandemic-related restrictions[145]. - The company aims to turn losses into profits, focusing on improving operational performance and developing new profit growth points in 2020[90]. Accounting and Financial Reporting - The company has changed its accounting policy for investment properties from a cost model to a fair value model, effective November 1, 2019[20]. - The company adopted new accounting policies effective January 1, 2019, impacting the presentation of financial statements, including the separation of accounts receivable and notes receivable[102]. - The company reported an asset impairment loss of -552,857,392.55 in the current period, compared to -134,019,060.41 in the previous period[102]. - The audit opinion issued by Tianzhi International Accounting Firm was a standard unqualified opinion[193]. - The financial report was prepared in accordance with accounting standards, reflecting the company's financial position and operating results accurately[193]. Governance and Management - The company has a total of 9 independent directors, reflecting a commitment to governance and oversight[167]. - The company’s board of directors and management team remained unchanged, with no new appointments or resignations reported[162]. - The company has maintained a consistent governance structure with no significant changes in its actual controller or major shareholders[154]. - The independent directors actively participated in board meetings, with attendance rates indicating engagement in governance matters[181]. - The company held three shareholder meetings during the reporting period, with participation rates of 1.42%, 26.48%, and 26.40% respectively[180]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has implemented measures to ensure compliance with environmental standards[138]. - The company has constructed and operated pollution prevention facilities in accordance with environmental approval requirements, ensuring stable compliance with discharge standards[140]. - The company has passed environmental impact assessments for its gasoline engine and single-cylinder diesel engine projects, with approvals from local environmental authorities[141]. - The company has signed and filed multiple environmental risk assessment reports and emergency response plans with local environmental bureaus[142].

Financial Performance - Operating revenue for the reporting period was CNY 335,740,755.27, a decrease of 3.98% year-on-year[8]. - Net profit attributable to shareholders of the listed company was a loss of CNY 89,760,881.32, indicating an increase in losses[8]. - Basic earnings per share were CNY -0.0633, reflecting an increase in losses compared to the previous year[8]. - The weighted average return on net assets was -2.96%, a decrease of 2.58 percentage points from the previous year[8]. - The company expects a significant loss for the fiscal year due to external factors affecting export business and the termination of loss-making operations[22]. - The company reported a net loss of CNY 12,047,752.85 in credit impairment losses for the period[47]. - The net profit for the third quarter was a loss of CNY 113,114,722.35, compared to a loss of CNY 14,497,356.39 in the previous year, indicating a significant increase in losses[49]. - The total comprehensive income for the third quarter was a loss of CNY 120,708,172.39, compared to a loss of CNY 24,365,938.04 in the same period last year[49]. - The total profit for the third quarter was a loss of CNY 127,384,189.04, compared to a loss of CNY 19,928,793.42 in the previous year[48]. - The total comprehensive income attributable to the parent company was a loss of CNY 97,351,730.05, compared to a loss of CNY 20,951,279.17 in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,072,921,879.77, a decrease of 8.97% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company were CNY 2,979,529,645.28, down 4.34% from the previous year[8]. - The company's total assets decreased to CNY 4,331,394,354.22 from CNY 4,879,125,931.87 at the end of 2018[43]. - Current liabilities totaled CNY 1,721,177,061.30, down from CNY 2,034,331,458.57 in the previous year[43]. - The total liabilities decreased to CNY 1,829,514,378.27 from CNY 2,167,660,432.88 year-over-year[40]. - The total non-current liabilities decreased to CNY 108,337,316.97 from CNY 133,328,974.31 year-over-year[40]. - The company's total liabilities as of the end of the third quarter were CNY 1,426,423,087.69, with current liabilities at CNY 1,400,623,087.69[75]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -67,458,613.44[8]. - The company experienced a net decrease in cash and cash equivalents of -337,663,927.21 CNY during the period, compared to -425,032,356.70 CNY in the previous period[65]. - Cash inflow from operating activities totaled 312,219,048.11 CNY, down from 465,060,121.43 CNY, indicating a decrease in cash receipts from operations[63]. - Cash outflow from operating activities was 1,240,652,143.39 CNY, compared to 1,451,237,553.83 CNY in the previous year[61]. - The company reported a net cash outflow from financing activities of -241,022,103.86 CNY, compared to -333,348,391.85 CNY in the previous period, showing an improvement in financing cash flow[65]. Research and Development - Research and development expenses increased by 185.04% compared to the previous period, mainly due to the capitalization of additional R&D project costs[20]. - Research and development expenses surged to CNY 42,416,818.05, a significant increase from CNY 5,261,541.80 in the previous year[47]. - Research and development expenses for the third quarter were CNY 21,901,654.88, a significant increase from CNY 712,087.89 in the previous year[51]. - Research and development expenses increased significantly to 22,450,647.97 CNY from 3,605,835.32 CNY, marking a rise of approximately 523.5%[57]. Shareholder and Corporate Governance - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[33]. - The company has not reported any violations regarding external guarantees during the reporting period[32]. - The company conducted investor communication activities through phone calls and site visits during the reporting period[31]. Market and External Factors - The company reported a decrease in revenue and profit margins in the machinery manufacturing sector due to the impact of US-China trade tensions[18]. - The company is currently seeking to transfer its mining assets, but the progress and impact on performance remain uncertain[23]. - The company is undergoing a dynamic assessment of its business segments to improve profitability and is reallocating resources to more profitable areas[22].