Financial Performance - The company's revenue for Q1 2023 was ¥518,340,145.08, representing a 5.77% increase compared to ¥490,044,826.14 in the same period last year[6] - Net profit attributable to shareholders was ¥116,907,111.40, up 19.05% from ¥98,202,214.60 year-on-year[6] - The net profit excluding non-recurring gains and losses was ¥108,804,172.77, reflecting a 22.08% increase from ¥89,123,661.75 in the previous year[6] - Basic and diluted earnings per share increased to ¥1.29, a rise of 19.44% compared to ¥1.08 in the same period last year[6] - Total operating revenue for Q1 2023 was CNY 518,340,145.08, an increase of 5.3% compared to CNY 490,044,826.14 in Q1 2022[20] - Net profit for Q1 2023 reached CNY 122,054,503.81, representing a 16.6% increase from CNY 104,637,240.14 in Q1 2022[21] - Earnings per share for Q1 2023 were CNY 1.29, up from CNY 1.08 in the same period last year[21] Assets and Liabilities - The company's total assets decreased by 9.99% to ¥1,768,043,850.58 from ¥1,964,241,192.75 at the end of the previous year[6] - The total assets decreased from CNY 1,964,241,192.75 at the beginning of the year to CNY 1,768,043,850.58 by the end of the first quarter, representing a decline of approximately 10%[16] - The company reported a total liability of CNY 325,022,215.88, down from CNY 643,274,061.86 in the previous year[20] - The total equity attributable to shareholders increased to CNY 1,381,276,339.17 from CNY 1,264,369,227.77 year-over-year[20] Cash Flow - Cash flow from operating activities improved by 21.71%, with a net outflow of ¥126,119,159.54 compared to ¥161,087,518.07 in the previous year[6] - The cash inflow from operating activities for Q1 2023 was CNY 166,790,994.75, an increase of 37.0% compared to CNY 121,760,695.10 in Q1 2022[24] - The cash outflow from operating activities totaled CNY 292,910,154.29, up from CNY 282,848,213.17 in the same period last year, reflecting a 3.8% increase[24] - The net cash flow from operating activities was -CNY 126,119,159.54, an improvement from -CNY 161,087,518.07 in Q1 2022[24] - The cash inflow from investment activities was CNY 194,079,137.22, compared to CNY 151,508,711.73 in Q1 2022, marking a 28.0% increase[24] - The cash outflow from investment activities was CNY 259,339,609.01, down from CNY 301,734,299.59 in the previous year, indicating a decrease of 13.9%[24] - The net cash flow from investment activities was -CNY 65,260,471.79, an improvement from -CNY 150,225,587.86 in Q1 2022[24] - The cash flow from financing activities resulted in a net outflow of -CNY 61,571.94, compared to -CNY 15,454,691.64 in the same quarter last year[25] - The ending cash and cash equivalents balance was CNY 495,828,222.43, down from CNY 522,383,888.14 at the end of Q1 2022[25] - The company did not report any cash inflows from financing activities during Q1 2023[25] Research and Development - Research and development expenses decreased by 36.20% to ¥5,720,788.87 from ¥8,966,213.27 year-on-year, attributed to reduced testing activities[10] - Research and development expenses decreased to CNY 5,720,788.87 from CNY 8,966,213.27 in the previous year, a reduction of 36.5%[20] Shareholder Information - The company reported a total of 23,891,857 shares held by the largest shareholder, Yang Jianxun, accounting for 26.33% of total shares[14] - The second-largest shareholder, Wei Cheng, holds 9,595,328 shares, representing 10.57% of total shares[14] Future Outlook - Future outlook includes potential market expansion and new product development strategies[19] Other Financial Metrics - The company recognized a fair value change gain of ¥1,695,379.29, a substantial increase of 241.18% compared to ¥496,921.14 in the previous year[10] - The company recorded an investment income of CNY 2,291,880.74, compared to CNY 1,845,502.32 in the previous year, marking a 24.2% increase[20] - Cash and cash equivalents decreased from CNY 687,925,592.43 to CNY 495,828,222.43, a reduction of about 28%[17] - Accounts receivable increased from CNY 283,166,836.93 to CNY 322,015,624.98, reflecting an increase of approximately 14%[17] - Inventory rose slightly from CNY 12,758,626.72 to CNY 13,088,263.35, indicating an increase of about 2.6%[17] - Total current assets decreased from CNY 1,358,001,187.18 to CNY 1,194,707,669.10, a decline of around 12%[17] - Non-current assets decreased from CNY 606,240,005.57 to CNY 573,336,181.48, representing a decrease of about 5.4%[17] - The company has ongoing investments in fixed assets, which totaled CNY 276,508,236.20 at the end of the quarter[17] - The company maintains a goodwill value of CNY 10,929,080.09, unchanged from the beginning of the year[17] Audit Status - The first quarter report was not audited[26]

证券代码：001210 证券简称：金房节能 公告编号：2023-027 北京金房暖通节能技术股份有限公司 关于召开2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 北京金房暖通节能技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日在巨潮资讯网（www.cninfo.com.cn）上披露了《2022 年度报告》。 北京金房暖通节能技术股份有限公司董事会 2023 年 4 月 27 日 2 为使投资者更全面地了解公司 2022 年度报告的内容和公司经营 情况，公司定于 2023 年 5 月 16 日（星期二）下午 15:00-17:00 举行 2022 年度网上业绩说明会，就公司发展战略、生产经营等情况与投资 者进行充分交流，广泛听取投资者的意见和建议。 本次年度业绩说明会将通过深圳证券交易所提供的"互动易" 平 台 举 行 ， 投 资 者 可 以 登 录 " 互 动 易 " 网 站 （http://irm.cninfo.com.cn）进入"云访谈"栏目参与本次年度业 绩说明会。 本次年度业绩说明会出席人员有：公司 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥15,026,442.58, representing a 199.05% increase year-over-year[5] - The net profit attributable to shareholders was -¥10,679,763.79, a 48.02% decrease compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was -¥17,012,862.60, a 21.24% increase in losses year-over-year[5] - The basic earnings per share were -¥0.11, a 70.27% decline compared to the same period last year[5] - Total operating revenue for the period reached CNY 518,005,626.72, an increase of 13.5% compared to CNY 456,184,006.08 in the previous period[36] - Net profit for the period was CNY 70,664,776.14, a decrease of 3.0% from CNY 72,876,085.68 year-over-year[37] - Earnings per share (EPS) decreased to CNY 0.75 from CNY 0.95 in the previous period, reflecting a decline of 21.1%[37] - The company reported a total profit of CNY 82,025,552.63, down 5.5% from CNY 86,609,961.00 in the previous period[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,670,476,484.03, down 8.04% from the end of the previous year[5] - Total current assets decreased from CNY 1,343,058,958.89 on January 1, 2022, to CNY 1,075,768,698.50 by September 30, 2022, a decline of approximately 20%[33] - Cash and cash equivalents decreased from CNY 849,151,685.71 to CNY 456,367,178.62, a reduction of about 46%[33] - Total liabilities decreased from CNY 568,870,376.93 to CNY 380,569,311.85, a decline of approximately 33%[34] - Non-current assets increased from CNY 473,492,872.91 to CNY 594,707,785.53, an increase of about 26%[34] - The company reported a significant increase in fixed assets from CNY 221,948,783.96 to CNY 268,420,546.33, an increase of approximately 21%[34] - The total assets decreased from CNY 1,816,551,831.80 to CNY 1,670,476,484.03, a decline of about 8%[34] - The company has a total of CNY 9,900,000.00 in short-term loans as of September 30, 2022, compared to CNY 899,597.78 at the beginning of the year[34] - The company’s equity remains stable at CNY 90,748,077.00, unchanged since the beginning of the year[34] - The total equity attributable to shareholders of the parent company was CNY 1,235,957,735.98, up from CNY 1,218,164,431.66[35] Expenses - Sales expenses increased by 44.32% year-over-year, primarily due to rising labor costs[9] - Management expenses rose by 31.39% year-over-year, attributed to increased labor costs and depreciation[10] - Operating costs amounted to CNY 451,696,166.96, up 17.5% from CNY 384,429,764.18 in the prior period[36] - Research and development expenses increased to CNY 20,281,807.88, up 52.1% from CNY 13,297,933.84 year-over-year[36] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -81,294,521.87, an improvement from CNY -97,429,669.50 in the prior period[39] - The cash inflow from investment activities was CNY 715,965,004.04, significantly higher than CNY 2,774.00 in the prior period[39] - The net cash flow from investing activities was -257,604,292.07 CNY, compared to -198,771,918.34 CNY in the previous year[40] - The net cash flow from financing activities was -53,885,693.15 CNY, a significant decrease from 575,325,500.63 CNY in the same period last year[40] - The total cash and cash equivalents at the end of the period amounted to 456,367,178.62 CNY, down from 674,417,728.90 CNY at the end of the previous year[40] - The company did not receive any cash from investment activities in the current quarter, while it received 590,578,958.96 CNY in the same quarter last year[40] - The company incurred cash outflows of 73,685,693.15 CNY for financing activities, compared to 15,253,458.33 CNY in the previous year[40] - The cash and cash equivalents net increase for the quarter was -392,784,507.09 CNY, contrasting with an increase of 279,123,912.79 CNY in the same quarter last year[40] - The company obtained 19,800,000.00 CNY in cash from borrowings during the quarter, while there were no borrowings in the same period last year[40] - The company paid 46,487,207.25 CNY in dividends and interest during the quarter, compared to 253,458.33 CNY in the previous year[40] - The beginning cash and cash equivalents balance was 849,151,685.71 CNY, compared to 395,293,816.11 CNY at the start of the previous year[40] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,360[30] - The largest shareholder, Yang Jianxun, holds 26.33% of shares, totaling 23,891,857 shares[30] Other Information - The company acquired Yichuan Baoxin, resulting in a 1151.75% increase in goodwill compared to the beginning of the period[18] - The third quarter report was not audited[41]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥502,979,184.14, representing an increase of 11.49% compared to ¥451,159,236.15 in the same period last year[22]. - The net profit attributable to shareholders decreased by 12.87% to ¥78,384,510.46 from ¥89,967,587.67 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥67,039,926.03, down 16.05% from ¥79,852,789.24 in the previous year[22]. - The basic earnings per share fell by 34.85% to ¥0.86 from ¥1.32 in the same period last year[22]. - The weighted average return on equity decreased to 6.28% from 15.81% year-on-year, a decline of 9.53%[22]. - The total assets at the end of the reporting period were ¥1,635,723,858.93, down 9.95% from ¥1,816,551,831.80 at the end of the previous year[22]. - The net cash flow from operating activities was negative at -¥166,674,151.53, worsening by 29.84% compared to -¥128,365,737.35 in the same period last year[22]. - The company reported a significant increase in management expenses by 50.05% to ¥20,992,300.69, attributed to rising salaries and other operational costs[54]. - The company reported a total revenue of 56,460.11 million yuan for the first half of 2022, with a net profit of 2,073.44 million yuan[78]. - The net profit for the first half of 2022 was ¥82,783,853.73, a decrease of 11.8% from ¥93,874,516.39 in the first half of 2021[155]. - The total comprehensive income for the first half of 2022 was CNY 66,118,236.12, reflecting a decrease from CNY 79,840,815.91 in the same period of 2021[159]. Revenue Sources - Revenue from heating operations was ¥501,584,470.77, accounting for 99.72% of total revenue, with a year-on-year growth of 11.50%[56]. - Revenue from energy-saving transformation and services surged by 178.64%, increasing from ¥42,802.76 to ¥119,266.05[56][58]. - Revenue from non-Beijing regions grew by 43.21%, from ¥90,058,069.35 to ¥128,974,617.52, primarily due to the acquisition of Yichuan Baoxin Heating Co., Ltd.[57]. Investments and R&D - Research and development investment increased by 81.48% to ¥15,339,145.87, primarily due to funds raised for R&D purposes[54]. - The company has applied for 1 invention patent and has been granted 1 utility model patent during the reporting period, indicating ongoing innovation efforts[35]. - The company’s energy-saving products include variable frequency control devices, climate compensators, and flue gas waste heat recovery devices, showcasing its strong R&D capabilities[44]. - The company has initiated research and development for new energy-efficient technologies aimed at enhancing product offerings[172]. Market Position and Strategy - The company is a well-known provider of energy-saving heating services in China, focusing on heating operation services, energy-saving renovation services, and the research, production, and sales of energy-saving products[34]. - The company has established a multi-dimensional operational model focusing on heating operation as the main service, supported by energy-saving renovations and products[41]. - The company has formed partnerships with leading real estate companies such as Vanke and Evergrande since 2004, enhancing its market presence[42]. - The company is actively expanding its business scope to include renewable energy heating and industrial heating, aligning with national carbon reduction strategies[40]. - The company plans to continue expanding its market presence and developing new technologies in the heating sector[74]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has established a 400 service call center to improve user service quality and response times, operating 24/7 during the heating season[49]. - The company reported a credit impairment loss of CNY 5,532,230.62, compared to CNY 557,081.08 in the previous year, indicating a significant increase in credit risk[158]. - The company incurred a cash outflow of CNY 614,139,679.21 from investing activities, significantly higher than CNY 56,012,362.27 in the same period last year[162]. Risks and Challenges - The report highlights potential risks and countermeasures in the management discussion section, emphasizing the importance of investor awareness regarding investment risks[4]. - The company is facing delays in several projects due to the ongoing impact of COVID-19, including the flue gas optimization energy-saving renovation project and the heating operation service management project[78]. - The heating industry is facing increasing competition, with new entrants potentially raising investment costs per heating area, impacting the company's performance[89]. - The company aims to enhance management capabilities to match business expansion, addressing potential management risks associated with increased project numbers[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,521[131]. - The largest shareholder, Yang Jianxun, holds 26.33% of the shares, totaling 23,891,857 shares[131]. - The second-largest shareholder, Wei Cheng, holds 10.57% of the shares, totaling 9,595,328 shares[131]. - The annual shareholders' meeting had a participation rate of 71.77% on May 20, 2022[93]. Compliance and Governance - The financial report for the first half of 2022 has not been audited[143]. - The company has not experienced any non-compliance issues regarding external guarantees or non-operating fund occupation during the reporting period[106][107]. - No significant litigation or arbitration matters occurred during the reporting period[110]. - The company did not engage in any related party transactions during the reporting period[111].

Financial Performance - The company's operating revenue for 2021 was CNY 790.32 million, an increase of 4.18% compared to CNY 758.61 million in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 129.42 million, reflecting a growth of 1.63% from CNY 127.35 million in 2020[31]. - The net cash flow from operating activities increased by 7.43% to CNY 193.71 million in 2021, up from CNY 180.30 million in 2020[31]. - The total assets at the end of 2021 reached CNY 1.82 billion, a significant increase of 62.61% from CNY 1.12 billion at the end of 2020[32]. - The net assets attributable to shareholders rose by 132.41% to CNY 1.22 billion in 2021, compared to CNY 524.14 million in 2020[32]. - The basic earnings per share decreased by 10.70% to CNY 1.67 in 2021, down from CNY 1.87 in 2020[31]. - The company reported a weighted average return on equity of 15.70% for 2021, down from 27.26% in 2020[32]. - The total revenue for 2021 was CNY 790,322,486.64, representing a year-over-year increase of 4.18% from CNY 758,607,139.98 in 2020[81]. - The revenue from the heating operation segment was CNY 775,986,148.29, accounting for 98.19% of total revenue, with a growth of 4.83% compared to the previous year[81]. - The gross profit margin for the heating industry was 25.89%, an increase of 2.00% from the previous year[83]. Dividends and Shareholder Returns - The company plans to distribute cash dividends of 5.50 RMB per 10 shares to all shareholders, based on a total of 90,748,077 shares[14]. - The company reported a cash dividend of 5.50 CNY per 10 shares, amounting to a total cash dividend of 49,911,442.35 CNY, which represents 12.92% of the total profit distribution[161]. - The company’s profit distribution policy is designed to balance shareholder returns with sustainable development, ensuring compliance with legal and regulatory requirements[163]. - The company has a future three-year shareholder dividend return plan approved by the board[147]. Risks and Challenges - The company faces risks related to the inability to adjust heating prices due to government regulations, which have remained unchanged at 30 RMB per square meter since the 2001-2002 heating season[6]. - The company is at risk of reduced heating subsidies, which could significantly impact its operating performance, especially in regions like Beijing and Shijiazhuang[9]. - The company has not adjusted its heating prices in response to rising costs, which could negatively impact profitability[6]. - The company is exposed to risks from fluctuations in gas prices, which are influenced by government policies and market conditions[7]. - The company has implemented measures to recover overdue heating fees, but still faces risks of uncollectible accounts due to regulatory constraints on service termination[11]. Market Position and Growth Strategy - The company operates over 130 projects primarily in the Beijing area, with a strong competitive position in the northern heating market[49]. - The heating industry in China is experiencing rapid growth due to increased infrastructure investment, urbanization, and sustained heating demand[46]. - The market for centralized heating is expected to expand further as residents' living conditions improve and energy conservation awareness increases[46]. - The company aims to transition to natural gas as the primary energy source for urban heating, with other clean energy sources as supplements[46]. - The company is focusing on energy-saving technology research and development to enhance service levels and expand heating operation projects[49]. - The company plans to enhance its market share in Beijing and expand into provincial capitals and cities where it has not yet entered, targeting new BOT projects and energy management contracts[120]. Research and Development - The company holds 37 patents and 28 software copyrights as of December 31, 2021, showcasing its strong R&D capabilities in energy-saving technologies[61]. - The company has invested over 19 million yuan in R&D during the reporting period, resulting in 37 patents obtained and 8 patents currently under application[77]. - The company’s R&D investment amounted to ¥19,618,333.03, representing a 6.97% increase compared to ¥18,340,731.26 in the previous year[95]. - R&D investment accounted for 2.48% of total revenue, up from 2.42% year-over-year, indicating a slight increase in focus on innovation[95]. - The company is investing 50 million yuan in research and development for innovative technologies in energy conservation[139]. Operational Efficiency and Technology - The company has established a comprehensive information management system, enhancing operational efficiency and energy-saving management through IoT technology[73]. - The company has implemented online payment systems to improve collection rates and enhance service levels for property owners[68]. - The company’s DCS control cabinet provides real-time monitoring and control of boiler operations, ensuring safe and efficient performance[64]. - The company’s energy consumption analysis module allows for detailed energy consumption comparisons over 1-5 years, aiding in energy management decisions[68]. - The company has developed multiple energy-saving products, including variable frequency control devices and flue gas waste heat recovery devices, maintaining a good operational performance during the reporting period[69]. Governance and Compliance - The company has established a complete and independent governance structure, ensuring compliance with relevant laws and regulations[124]. - The company has held 2 shareholder meetings and 6 board meetings during the reporting period, demonstrating active governance practices[125]. - The company maintains a fully independent financial system, with no interference from shareholders in financial management[128]. - The company has a risk management framework focused on preventing risks and standardizing operations, enhancing the overall level of risk management[167]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies were found[174]. Environmental and Social Responsibility - The company actively fulfills social responsibilities, including creating job opportunities and providing heating fee reductions for impoverished households[179]. - The company has not faced any significant environmental penalties during the reporting period, adhering to various environmental protection laws[176]. - The company is committed to enhancing its technical processes to improve waste heat utilization efficiency and contribute to environmental protection[179]. - The company has a commitment to protect shareholder and creditor rights, ensuring compliance with relevant laws and regulations[178]. Future Outlook - The company plans to explore multi-energy coupling heating technology, currently at 15% completion, to improve heating system reliability and efficiency[94]. - The company is committed to developing renewable energy heating, central air conditioning, and regional energy stations, aligning with national carbon reduction policies[120]. - The company has provided guidance for the next quarter, expecting revenue to be between 1.3 billion yuan and 1.5 billion yuan, indicating a potential growth of 8% to 25%[139].

Revenue and Profit - The company's revenue for Q1 2022 was ¥490,044,826.14, representing a 12.23% increase compared to ¥436,650,770.40 in the same period last year[3] - Net profit attributable to shareholders decreased by 5.56% to ¥98,202,214.60 from ¥103,981,999.91 year-on-year[3] - Net profit for Q1 2022 was RMB 121,530,362.87, a decrease of 3.5% compared to RMB 125,697,614.39 in Q1 2021[18] - The total comprehensive income attributable to the parent company was approximately 98.20 million CNY, down from 103.98 million CNY in the previous year, reflecting a decrease of about 5.5%[19] Earnings Per Share - Basic and diluted earnings per share fell by 29.41% to ¥1.080 from ¥1.53 in the same period last year[3] - The basic and diluted earnings per share for the first quarter were both 1.080 CNY, compared to 1.53 CNY in the same period last year, reflecting a decrease of approximately 29.1%[20] Cash Flow - The net cash flow from operating activities was -¥161,087,518.07, a decline of 32.57% compared to -¥121,511,161.30 in the previous year[3] - The net cash flow from operating activities was negative at approximately -161.09 million CNY, worsening from -121.51 million CNY year-over-year[23] - The company reported cash outflows from investing activities totaling approximately 301.73 million CNY, compared to 29.20 million CNY in the previous year, indicating a significant increase in investment spending[23] - The cash flow from financing activities was negative at approximately -15.45 million CNY, compared to -0.14 million CNY in the same period last year[23] Assets and Liabilities - Total assets decreased by 5.75% to ¥1,712,173,490.91 from ¥1,816,551,831.80 at the end of the previous year[3] - Total assets as of March 31, 2022, were RMB 1,712,173,490.91, down from RMB 1,816,551,831.80 at the beginning of the year[16] - Total liabilities decreased to RMB 338,382,412.38 from RMB 568,870,376.93, a reduction of 40.5%[16] Operating Costs and Expenses - Total operating costs for Q1 2022 were RMB 371,773,447.56, up 17.8% from RMB 315,555,846.94 in Q1 2021[18] - The company incurred operating expenses of approximately 282.85 million CNY, up from 237.22 million CNY in the previous year, representing an increase of about 19.2%[23] Research and Development - Research and development expenses rose by 110.18% to ¥8,966,213.27, reflecting increased investment in R&D[9] - Research and development expenses increased to RMB 8,966,213.27, representing a 105.5% increase from RMB 4,266,009.70 in Q1 2021[18] Investment and Financial Products - The company reported a 403.65% increase in investment income to ¥1,845,502.32, primarily due to increased returns from financial products[9] - The company experienced a 56.92% increase in trading financial assets, reaching ¥282,584,229.46, attributed to increased spending on bank wealth management products[9] Goodwill and Acquisitions - The company’s goodwill increased significantly by 1151.75% to ¥10,929,080.09, mainly due to the acquisition of Yichuan Baoxin Company[9] Accounts Receivable and Inventory - The company reported an increase in accounts receivable to RMB 280,227,642.46, up from RMB 213,695,693.95, reflecting a growth of 31.1%[14] - Inventory levels rose slightly to RMB 13,091,416.22 from RMB 12,766,829.23, indicating a 2.5% increase[15] Cash and Cash Equivalents - Cash and cash equivalents decreased to RMB 522,383,888.14 from RMB 849,151,685.71 at the beginning of the year, a decline of 38.5%[14] - Cash and cash equivalents at the end of the period stood at approximately 522.38 million CNY, up from 244.44 million CNY at the end of the previous year, showing an increase of about 113.4%[23]

Financial Performance - The company's operating revenue for the third quarter was ¥5,024,769.93, a decrease of 20.43% compared to the same period last year[4] - The net profit attributable to shareholders was -¥20,545,807.00, reflecting a 7.15% increase year-on-year[4] - The basic earnings per share were -¥0.37, a decrease of 32.14% compared to the same period last year[4] - The net profit for the third quarter of 2021 was approximately ¥72.88 million, a slight decrease from ¥72.88 million in the same period last year[19] - The net profit attributable to the parent company was approximately ¥69.42 million, down from ¥70.75 million year-over-year, representing a decrease of about 1.9%[19] - The basic and diluted earnings per share were both ¥0.95, compared to ¥1.04 in the previous year[19] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,516,212,631.54, an increase of 35.73% from the end of the previous year[4] - Total current assets as of September 30, 2021, amounted to CNY 1,049,549,647.69, up from CNY 665,803,469.52 at the end of 2020, indicating a growth of approximately 57.67%[14] - Total liabilities decreased to CNY 330,289,740.45 as of September 30, 2021, from CNY 568,649,199.00 at the end of 2020, a reduction of about 41.91%[15] - Total assets increased to CNY 1,516,212,631.54 as of September 30, 2021, compared to CNY 1,117,094,892.68 at the end of 2020, representing a growth of approximately 35.73%[15] Cash Flow - Cash flow from operating activities showed a net outflow of -¥97,429,669.50, indicating a decline in operational cash generation[4] - Cash flow from operating activities showed a net outflow of approximately ¥97.43 million, slightly improved from a net outflow of ¥98.77 million in the same period last year[22] - Cash inflow from financing activities was approximately ¥590.58 million, a significant increase compared to ¥37.91 million in the previous year[23] - The total cash and cash equivalents at the end of the period reached approximately ¥674.42 million, up from ¥149.01 million at the end of the previous year[23] - The company reported cash outflows from investment activities of approximately ¥198.77 million, compared to ¥59.42 million in the same period last year[23] - The company received cash from sales of goods and services amounting to approximately ¥269.52 million, slightly up from ¥260.68 million year-over-year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,626[9] Non-Operating Income and Expenses - The company reported a 150% increase in non-operating income year-on-year, primarily due to government subsidies received[8] - Research and development expenses for Q3 2021 were CNY 13,297,933.84, slightly up from CNY 12,777,901.24 in Q3 2020, indicating an increase of approximately 4.05%[18] Other Information - The company experienced a 70.18% increase in cash and cash equivalents compared to the beginning of the period, attributed to capital raised from the IPO[8] - The company did not report any net profit from subsidiaries prior to the merger during the reporting period[20] - The third quarter report was not audited[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥451,159,236.15, representing a 2.21% increase compared to ¥441,414,268.75 in the same period last year[19]. - The net profit attributable to shareholders was ¥89,967,587.67, showing a slight increase of 0.05% from ¥89,923,025.26 year-on-year[19]. - The net cash flow from operating activities was -¥128,365,737.35, a decrease of 13.83% compared to -¥112,768,170.52 in the previous year[19]. - The total assets at the end of the reporting period were ¥910,117,360.21, down 18.53% from ¥1,117,094,892.68 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 17.16% to ¥614,106,258.74 from ¥524,138,671.07 at the end of the previous year[19]. - The basic and diluted earnings per share remained unchanged at ¥1.32[19]. - The weighted average return on net assets decreased to 15.81% from 19.20% year-on-year, a decline of 3.39%[19]. - The net profit after deducting non-recurring gains and losses was ¥79,852,789.24, a decrease of 1.39% from ¥80,975,255.89 in the same period last year[19]. - The company reported a government subsidy of ¥11,289,267.78 included in the current period's profit[23]. - The company's financial expenses increased by 197.57% to -¥2,054,262.59, primarily due to reduced loan interest expenses and fee waivers[46]. Operational Highlights - The company operates over 120 heating projects, covering more than 24 million square meters of heating area[28]. - The average gas consumption for heating operations in Beijing over the last three heating seasons is approximately 7.22 Nm³/m²[38]. - The company has developed multiple core technologies in energy-saving, including flue gas waste heat recovery and climate compensation control[29]. - The company focuses on energy-saving heating services, energy-saving renovation services, and the production and sales of energy-saving products[28]. - The heating industry in China is experiencing significant demand, with a shift towards high-efficiency, energy-saving technologies and the gradual phase-out of coal[27]. - The company emphasizes independent innovation and has established a mature R&D system around energy-saving technologies and services[29]. - The company has a strong operational experience, managing over 120 heating projects and continuously improving energy-saving management capabilities[38]. - The company has implemented various operational theories to enhance boiler combustion efficiency, reducing energy waste[38]. - The company is recognized as a national high-tech enterprise and is one of the first energy service companies registered with the National Development and Reform Commission[29]. - The company's heating operations in Beijing accounted for 80.04% of total revenue, with a revenue of ¥361,101,166.80, reflecting a 2.34% increase from the previous year[50]. Market Expansion and Development - The company has expanded its market presence by establishing subsidiaries in Shijiazhuang, Tianjin, Shaanxi, and Xinjiang, successfully breaking regional barriers in the heating market[42]. - The company plans to expand its project portfolio, which will require enhanced management capabilities to mitigate associated risks[70]. - The company plans to conduct share reductions after the lock-up period, with a maximum of 20% of the shares held before the IPO to be reduced each year[89]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[95]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase overall revenue by 15%[91]. - The company plans to expand its market presence by entering three new provinces in China by the end of 2021, targeting a 5% increase in market penetration[101]. Research and Development - Research and development investment for the period was ¥8,452,245.95, a decrease of 3.96% from ¥8,800,427.61 in the previous year[46]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving energy efficiency in its product line[92]. - New product development includes the launch of an energy-efficient heating system, expected to contribute an additional 200 million RMB in revenue by the end of 2021[94]. - New product development is underway, with two innovative energy-saving products expected to launch by Q4 2021, aiming to capture a larger market share[100]. Financial Position and Equity - Cash and cash equivalents decreased to ¥195,665,032, accounting for 21.50% of total assets, primarily due to short-term loan repayments[55]. - The company's short-term borrowings were eliminated, reducing liabilities significantly compared to the previous year[55]. - The company reported a decrease in contract liabilities by 23.54%, attributed to seasonal pre-collection of heating fees[55]. - The company is committed to maintaining its status as a high-tech enterprise, benefiting from a 15% corporate income tax rate[65]. - The total number of shares as of June 30, 2021, is 68,058,077 shares, with no changes during the reporting period[128]. - The largest shareholder, Yang Jianxun, holds 35.11% of the shares, amounting to 23,891,857 shares[131]. - The second-largest shareholder, Wei Cheng, holds 14.10% of the shares, amounting to 9,595,328 shares[131]. - The total equity attributable to the parent company at the end of the reporting period is 485,743,000 yuan, showing an increase from the previous period[177]. Compliance and Governance - The company ensures transparent communication with investors and adheres to legal regulations to protect the rights of shareholders and creditors[81]. - The company emphasizes strict compliance with labor laws, focusing on fair employment and employee welfare[82]. - The company has committed to fulfilling all obligations to minority shareholders in a timely manner[102]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[185]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[180]. Challenges and Risks - The company faces risks related to seasonal fluctuations in heating service revenue, which may impact operational planning and staffing[66]. - The heating industry is facing intensified competition, with new entrants potentially increasing investment costs per heating area, which may affect the company's performance[69]. - The company has not faced any significant environmental penalties and adheres to relevant environmental laws and regulations[80].