Financial Performance - The company's operating revenue for the first half of 2022 was ¥637,510,642.02, a decrease of 13.58% compared to ¥737,722,760.55 in the same period last year[20]. - The net profit attributable to shareholders was ¥12,608,388.57, down 69.23% from ¥40,975,831.76 in the previous year[20]. - Basic earnings per share decreased by 68.02% to ¥0.0331 from ¥0.1035 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥8,215,840.84, down 36.89% from ¥13,017,905.55 in the previous year[20]. - The total assets at the end of the reporting period were ¥2,237,274,340.47, a decline of 10.58% from ¥2,502,120,859.15 at the end of the previous year[20]. - The weighted average return on net assets decreased to 1.00% from 3.18% in the previous year[20]. - The total comprehensive income for the first half of 2022 was CNY 10.92 million, compared to CNY 43.88 million in the first half of 2021, showing a decline of approximately 75.1%[147]. - The company reported a total of 16,200 in entrusted financial management with no overdue amounts or impairment provisions[114]. Cash Flow and Investments - The net cash flow from operating activities improved by 40.30%, reaching -¥123,234,460.65 compared to -¥206,422,107.43 in the same period last year[20]. - The cash flow from operating activities for the first half of 2022 was negative CNY 123.23 million, an improvement from negative CNY 206.42 million in the first half of 2021[148]. - The total cash inflow from investment activities was 12,384,201.45 RMB, significantly lower than 777,111,392.75 RMB in the first half of 2021[150]. - The net cash flow from investment activities was -7,523,468.25 RMB, a decline from 742,362,012.43 RMB in the previous year[151]. - Cash flow from financing activities resulted in a net outflow of -41,094,980.36 RMB, compared to -585,396,562.95 RMB in the first half of 2021, indicating a reduction in cash outflow[151]. Business Strategy and Development - The company plans to expand its business scope to include inspection and testing services and low-carbon business[19]. - The company has completed the registration of changes in its business scope, which now includes various new energy and technology services[19]. - The company is actively engaged in the development of low-carbon solutions for industrial parks, aligning with national carbon neutrality goals[30]. - The company has formed strategic partnerships with leading universities for collaborative research, enhancing its technological capabilities and innovation[37]. - The company aims to optimize resource allocation and enhance overall profitability through strategic partnerships and acquisitions[68]. Market Position and Product Development - The company has maintained a leading position in the smart power generation sector, providing advanced automation products and solutions for thermal power plants and industrial enterprises for over 20 years[29]. - In the smart power transmission and transformation sector, the company has established a complete range of self-controlled products, covering all provinces in China, and remains a key supplier for major state-owned power companies[30]. - The company has developed a comprehensive solution for smart distribution automation, achieving breakthroughs in 5G fault self-healing and distributed energy collaborative control[30]. - The company is increasing its investment in technology research and development, focusing on high-tech applications in computer technology, power automation control technology, and network communication technology[72]. Challenges and Risks - The smart city business faced challenges, with revenue and gross margin levels not returning to normal due to ongoing pandemic impacts[45]. - The company faces risks from market competition due to the rapid increase in the number of competitors in the smart energy and smart city sectors, leading to severe product and service homogenization[73]. - The company is implementing measures to strengthen internal controls and improve accounts receivable management to mitigate cash flow pressure from high accounts receivable balances[76]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[5]. - The total profit distribution to shareholders amounted to ¥9,521,438, representing a decrease of 26.02% compared to the previous period[156]. - The total equity attributable to the parent company at the end of the period was ¥404,264,936, with a year-on-year increase of 1.5%[158]. - The company has successfully implemented a share repurchase plan, totaling 192 million, to support future equity incentives and employee shareholding plans[36]. Environmental and Social Responsibility - The company has not faced any administrative penalties for environmental issues during the reporting period and has obtained ISO 14001:2015 environmental management system certification[87]. - The company has established a megawatt-level rooftop photovoltaic power station, generating approximately 1.2 million KWh annually, saving 485 tons of standard coal and reducing CO2 emissions by 1,196 tons[89]. - The company has maintained a commitment to social responsibility, actively participating in environmental protection and community support initiatives[89].

证券代码：002090 证券简称：金智科技 公告编号：2022-022 江苏金智科技股份有限公司 2022 年第一季度报告 江苏金智科技股份有限公司 2022 年第一季度报告全文 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人贺安鹰、主管会计工作负责人及会计机构负责人顾红敏声明：保证 季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 358,903,914.23 | 354,571,411.52 | 1.22% | | 归属于上市公司股东的净利润（元） | 8,286,044.17 | 29,733,282. ...

Financial Performance - The company's operating revenue for 2021 was ¥1,640,761,732.18, a decrease of 11.70% compared to ¥1,858,194,282.82 in 2020[19] - Net profit attributable to shareholders increased by 122.83% to ¥144,968,191.22 in 2021, up from ¥65,058,560.35 in 2020[19] - The net cash flow from operating activities was ¥38,552,806.72, representing a significant decline of 84.13% from ¥242,916,144.78 in the previous year[19] - Basic earnings per share rose to ¥0.3735, an increase of 132.13% compared to ¥0.1609 in 2020[19] - Total assets decreased by 28.19% to ¥2,502,120,859.15 at the end of 2021, down from ¥3,484,364,607.62 at the end of 2020[20] - The company's weighted average return on equity improved to 11.50%, up from 4.90% in 2020, indicating better profitability[19] - The net profit after deducting non-recurring gains and losses was ¥12,497,354.24, a decrease of 69.33% from ¥40,749,755.96 in 2020[19] - The company's net assets attributable to shareholders decreased by 6.35% to ¥1,254,935,009.14 at the end of 2021[20] Cash Flow and Investments - The company's operating cash inflow decreased by 2.62% to CNY 1,773,326,334.67 in 2021 compared to CNY 1,821,099,705.54 in 2020[80] - The net cash flow from operating activities dropped significantly by 84.13% to CNY 38,552,806.72, primarily due to increased cash payments for goods and services[81] - Investment cash inflow surged by 12,201.94% to CNY 903,088,641.40, mainly from the completion of equity transfers and recovery of transfer payments[81] - The net cash flow from investment activities improved by 207.65% to CNY 882,894,315.44, reflecting successful asset management[82] - Financing cash inflow decreased by 84.99% to CNY 221,330,000.00, attributed to increased bank loan repayments and reduced borrowing[81] Market Strategy and Development - The company aims to increase its market share in the non-fossil energy sector, targeting a 20% share of total energy consumption by 2025[29] - The company plans to leverage advancements in 5G, IoT, and AI technologies to enhance its smart energy solutions and maintain a competitive edge[33] - The company is focusing on low-carbon park construction, responding to the growing demand for integrated low-carbon solutions in industrial parks[34] - The company is actively pursuing opportunities in the renewable energy market, particularly in distributed solar energy solutions[30] - The company is positioned to benefit from the national "dual carbon" goals, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060[31] Research and Development - The company has over 300 dedicated R&D personnel and has established multiple research centers, including a Smart Energy R&D Center and a Smart City Research Institute[47] - The company holds more than 120 patents and over 310 software copyrights, reflecting its commitment to innovation and technology advancement[47] - Research and development expenses for 2021 were ¥164,947,094.90, an increase of 3.66% compared to the previous year[75] - The number of R&D personnel grew by 2.90% to 319, with their proportion in the workforce rising to 27.01%[78] - The company is focusing on developing new technologies such as intelligent inspection systems and energy storage solutions to enhance market competitiveness[78] Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[120] - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements of relevant laws and regulations[120] - The supervisory board comprises 3 members, including 1 employee representative, adhering to legal and regulatory standards[121] - The company has established a fair and transparent performance evaluation and incentive mechanism for directors and senior management, including stock option and employee stock ownership plans[122] - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance[126] Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, including environmental protection and support for national education and disaster relief efforts[182] - The company donated RMB 10 million to establish the "Jinzhi Technology Innovation Fund" aimed at supporting education in carbon peak and carbon neutrality, new energy technologies, and AI applications, with annual payments of RMB 2 million over five years[191] - The company provided 519 boxes of medical and living supplies to support frontline healthcare workers during the Nanjing pandemic response[191] - The company has maintained a steady increase in tax payments year-on-year, emphasizing compliance and responsible business practices[191] Risk Management - The company faces increasing market competition in the smart energy and smart city sectors, with a risk of market share loss if it fails to adapt to industry trends and market demands[108] - There is a risk of talent loss due to competition for skilled personnel, prompting the company to enhance its talent development and incentive mechanisms[109] - The company has a high proportion of accounts receivable due to long order execution cycles, which may lead to cash flow pressure and potential bad debt risks[111] - The uncertainty in the macroeconomic environment and industry policies may impact the company's operations and profitability, necessitating proactive strategy adjustments[112] - Ongoing pandemic risks could hinder business operations, particularly in project implementation and travel, requiring the company to monitor the situation closely[113]

Financial Performance - The company's operating revenue for Q3 2021 was ¥252,785,570.25, a decrease of 23.07% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥514,833.01, down 95.55% year-on-year[3]. - The net profit excluding non-recurring gains and losses for Q3 2021 decreased by 129.73% to -¥3,323,374.83[3]. - Total operating revenue for the current period reached ¥990,508,330.80, a slight increase of 0.14% compared to ¥988,134,560.19 in the previous period[24]. - Net profit for the current period was ¥46,409,768.19, representing a 35.6% increase from ¥34,235,455.59 in the previous period[25]. - The company reported a total profit of ¥46,342,604.58, up 22.9% from ¥37,888,980.42 in the previous period[25]. - Earnings per share (EPS) for the current period was ¥0.1062, compared to ¥0.0739 in the previous period, reflecting a 43.5% increase[26]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥160,984,361.45, a decrease of 281.25% compared to the previous year[3]. - The company reported a net cash outflow from operating activities of ¥160,984,361.45, compared to a net inflow of ¥88,820,255.27 in the previous period[29]. - Cash and cash equivalents at the end of the period totaled ¥230,969,153.68, down from ¥296,833,103.00 at the end of the previous period[30]. - The company experienced a significant decrease in cash and cash equivalents by 50.41% compared to the beginning of the year[8]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,375,734,243.31, a decrease of 31.82% from the beginning of the year[3]. - The company's total assets decreased to approximately 2.38 billion yuan from 3.48 billion yuan at the end of 2020[20]. - The company's current assets decreased to approximately 1.90 billion yuan from 2.29 billion yuan at the end of 2020[21]. - The company's total liabilities decreased to approximately 1.16 billion yuan from 2.09 billion yuan at the end of 2020[22]. - The equity attributable to shareholders decreased by 14.07% to ¥1,151,457,482.69 compared to the end of the previous year[3]. - The company's equity attributable to shareholders decreased to approximately 1.15 billion yuan from 1.34 billion yuan at the end of 2020[23]. Inventory and Expenses - The company experienced a 40.75% increase in inventory compared to the beginning of the year, attributed to increased procurement[8]. - Cash paid for purchasing goods and accepting services increased by 46.72% year-on-year, mainly due to increased payments to suppliers and maturity of notes payable[9]. - Research and development expenses increased to ¥108,921,484.79, up 13.1% from ¥96,342,095.45 in the previous period[24]. - Total operating costs increased to ¥1,001,259,742.54, up 2.63% from ¥980,911,214.50 in the previous period[24]. Investment Activities - Investment income rose by 137.89% year-on-year, mainly from the transfer of 98.5% equity in Qian New Energy and 60% equity in Qianhua Technology[9]. - Cash recovered from investments increased by 31,512.75% year-on-year, mainly due to the completion of the transfer of 100% equity in Qian Intelligent Source and Qian Hui Energy[9]. - Cash flow from investment activities increased by 186.05% year-on-year, mainly due to the completion of equity transfers and receipt of transfer payments[9]. - Investment activities generated a net cash inflow of ¥730,815,009.47, a significant improvement from a net outflow of ¥849,308,038.22 in the previous period[29]. Financing Activities - Net cash flow from financing activities decreased by 229.98% year-on-year, mainly due to increased debt repayments and a decrease in new bank loans[9]. - Cash received from borrowings decreased by 62.65% year-on-year, primarily due to a reduction in new bank loans[9]. - The company reported a significant reduction in short-term borrowings from approximately 693.93 million yuan to 203.63 million yuan[22]. Other Notable Events - The company transferred 98.5% of its stake in Qian New Energy to Shenzhen Expressway for a total consideration of 147.75 million yuan[16]. - As of June 3, 2021, the company completed the buyback of 23,787,865 shares, representing 5.8842% of the total share capital, with a total transaction amount of approximately 191.97 million yuan[17]. - The company relinquished its preemptive rights in the capital increase of Zijin Trust and transferred its 6.265 million yuan stake for 190.53 million yuan, expected to increase net profit by approximately 98.42 million yuan, which is 151.28% of the 2020 audited net profit[18]. - The company implemented the new leasing standard starting in 2021, but it did not require adjustments to the beginning balance sheet items due to the applicability of short-term leases[31]. - The third quarter report was not audited, indicating that the financial data may not have undergone external verification[32].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥737,722,760.55, representing an increase of 11.86% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥40,975,831.76, a significant increase of 123.59% year-on-year[21]. - Basic earnings per share rose to ¥0.1035, reflecting an increase of 128.48% from the previous year[21]. - The company achieved a revenue of 738 million yuan, representing a year-on-year growth of 11.86%[40]. - The net profit attributable to shareholders reached 40.98 million yuan, with a significant year-on-year increase of 123.59%[40]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 13.02 million yuan, reflecting a year-on-year growth of 21.94%[40]. - The company's revenue for the reporting period was approximately ¥737.72 million, representing an increase of 11.86% compared to ¥659.53 million in the same period last year[48]. - The company's operating costs increased by 16.83% to ¥555.80 million from ¥475.74 million year-on-year[48]. - The company reported a net cash flow from investment activities of approximately ¥702.26 million, a significant increase of 391.36% compared to a negative cash flow of ¥241.03 million in the previous year[48]. - The company’s financial expenses decreased by 61.02% to ¥8.88 million, primarily due to reduced interest expenses[48]. - The company reported a net cash flow from financing activities of -¥678.37 million, a decrease of 2,037.47% compared to a positive cash flow of ¥35.01 million in the previous year[48]. - The total revenue for the reporting period was ¥737,722,760.55, representing an increase of 11.86% compared to ¥659,531,447.99 in the same period last year[51]. - The Smart Energy segment generated revenue of ¥309,271,037.04, up 28.33% from ¥240,988,619.85, while the Smart City segment saw a modest increase of 1.77% to ¥424,732,485.23[51]. - The revenue from the Electric Power Design and Integrated Operation and Maintenance segment decreased by 35.72% to ¥12,082,696.05, attributed to a reduction in the scale of electric power design business[53]. - The New Energy Power Generation segment's revenue plummeted by 67.14% to ¥10,883,322.26, primarily due to the transfer of 98.5% equity in Qian New Energy, which is no longer included in the consolidated financial statements[53]. - The company's gross profit margin for the Smart Energy segment was 32.96%, down 7.45% year-on-year, while the Smart City segment's gross margin decreased by 2.46% to 44.38%[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,419,570,843.14, a decrease of 30.56% from the end of the previous year[21]. - The net assets attributable to shareholders decreased by 14.11% to ¥1,150,942,649.68[21]. - The company's cash and cash equivalents decreased to ¥376,254,187.22, representing 15.55% of total assets, down from 17.00%[57]. - Accounts receivable decreased to ¥824,991,784.99, accounting for 34.10% of total assets, primarily due to the exclusion of Qian New Energy and Qianhua Technology from the consolidated financial statements[57]. - The company's total liabilities were CNY 1,210,893,108.44, down from CNY 2,087,622,756.24, indicating a decrease of about 42%[135]. - The total equity remained stable at CNY 404,264,936.00, unchanged from the previous reporting period[135]. - The company's total assets decreased to CNY 1.46 billion as of June 30, 2021, down from CNY 2.19 billion at the end of 2020, a decline of 33.33%[139]. - The company's total liabilities decreased to CNY 513.61 million, down from CNY 1.06 billion at the end of 2020, a reduction of 51.60%[140]. - The equity attributable to shareholders of the parent company was CNY 948.27 million, down from CNY 1.13 billion at the end of 2020, a decrease of 16.36%[140]. Research and Development - The company has over 300 dedicated R&D personnel and holds more than 120 patents and 260 software copyrights[36]. - Research and development investment rose by 11.67% to ¥65.93 million, up from ¥59.04 million in the previous year[48]. - Research and development expenses for the first half of 2021 were CNY 65.93 million, an increase of 11.93% compared to CNY 59.04 million in the first half of 2020[141]. - Research and development expenses rose to CNY 26.48 million, a 35.9% increase from CNY 19.49 million in the first half of 2020, indicating a focus on innovation[146]. Strategic Initiatives - The company is actively exploring the integration of its smart energy and smart city business segments[28]. - The company is actively exploring opportunities related to "carbon peak" and "carbon neutrality," focusing on low-carbon park construction and zero-carbon building projects[32]. - The company aims to integrate its smart energy and smart city businesses, leveraging advancements in automation and information technology[32]. - The company has developed a full range of solutions in smart power generation, transmission, distribution, and integrated operation and maintenance services[32]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[159]. - The company aims to leverage technological advancements in its new product lines to improve market competitiveness[159]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has implemented a share repurchase plan, accumulating 192 million yuan for future equity incentives or employee stock ownership plans[35]. - The first employee stock ownership plan holds 4,800,000 shares, accounting for 1.187% of the total share capital of 404,264,936 shares[79]. - The company completed a share buyback of 23,787,865 shares, accounting for 5.88% of the total share capital, with a total transaction amount of approximately 191.97 million yuan[120]. - Jiangsu Jinzhi Group holds 36.72% of the company's shares, with 75.88 million shares pledged[122]. - The company reported a profit distribution to shareholders of 6,623,000 yuan, which is a decrease of 10.10% compared to the previous period[164]. Risk Management - The company faces risks from market competition due to the rapid increase in industry peers and product/service homogenization[70]. - The company is implementing measures to manage accounts receivable risks, including strict project selection and enhancing collection efforts[72]. - The company is closely monitoring macroeconomic conditions and industry policies to mitigate risks from economic uncertainties and policy adjustments[73]. Compliance and Governance - The semi-annual financial report has not been audited[91]. - The company has no violations related to external guarantees during the reporting period[90]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[92]. - The company reported no significant litigation or arbitration matters during the reporting period[93]. - There were no penalties or rectification situations reported for the company during the reporting period[94]. - The company has no significant related party transactions involving asset or equity acquisitions or sales during the reporting period[96]. Investment and Income - The company reported an investment income of ¥29,375,188.30, mainly from the transfer of Qian New Energy and bank financial product returns[55]. - The company reported an investment income of CNY 29.38 million for the first half of 2021, compared to CNY 12.18 million in the same period of 2020[141]. - The company has invested in a total of 800 kWp rooftop photovoltaic power stations to achieve partial self-sufficiency in electricity[82]. - The company plans to donate a total of RMB 10 million to Southeast University over five years to establish the "Jinzhi Technology Innovation Fund" focusing on carbon neutrality and new energy[85].

Financial Performance - The company's total revenue for 2020 was approximately ¥1.858 billion, representing a decrease of 7.78% compared to 2019[17]. - The net profit attributable to shareholders for 2020 was approximately ¥65.06 million, a decline of 33.90% from the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥40.75 million, an increase of 5.71% year-on-year[17]. - The basic earnings per share for 2020 was ¥0.1609, down 33.92% from ¥0.2394 in 2019[18]. - The total assets at the end of 2020 were approximately ¥3.484 billion, a decrease of 6.24% compared to the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.340 billion, an increase of 2.26% from the end of 2019[18]. - The company reported a total of ¥24,308,804.39 in non-recurring gains and losses for 2020, compared to ¥59,874,055.88 in 2019, indicating a decrease in non-recurring income[24]. - The company's total revenue for Q4 2020 reached ¥870,059,722.63, with a year-on-year increase of approximately 20% compared to Q3 2020[22]. - The net profit attributable to shareholders for Q4 2020 was ¥35,170,090.33, reflecting a significant increase from ¥11,562,186.41 in Q3 2020[22]. - The net cash flow from operating activities in Q4 2020 was ¥154,095,889.51, showing a strong recovery from a negative cash flow of ¥20,024,685.56 in Q1 2020[22]. Business Segments - The company focuses on two main business segments: smart energy and smart city solutions, leveraging over 20 years of experience in the power automation industry[15]. - The smart city segment generated ¥963.77 million, accounting for 51.87% of total revenue, reflecting an 18.93% decline from ¥1.19 billion in 2019[51]. - The smart energy segment saw an increase in revenue to ¥883.12 million, representing 47.53% of total revenue, up by 7.20% from ¥823.78 million in 2019[51]. - The company secured multiple large-scale projects in smart building and smart transportation, indicating a recovery in order intake in the second half of the year[45][46]. - The company has successfully expanded its market presence in the renewable energy sector, securing multiple projects with major energy companies[42]. Research and Development - The company has over 300 dedicated R&D personnel and has established multiple research centers, including a joint R&D center with Shanghai Jiao Tong University[35]. - The company has more than 100 patents and 200 software copyrights, reflecting its commitment to innovation and technology advancement[35]. - The company completed the development of various smart energy and smart city products, including the AEGC-6000P-F new energy primary frequency modulation system[69][70]. - The company applied for over 30 new patents and was granted 11 new invention patents during the reporting period[70]. - R&D personnel increased by 1.64% to 310, with R&D personnel accounting for 26.18% of the total workforce[71]. Market Strategy and Expansion - The company aims to become a leading provider of smart energy solutions, integrating traditional power automation with advanced technologies such as AI and IoT[28]. - The company has actively explored new directions in energy management and environmental protection to enhance its smart city solutions[29]. - The company plans to continue focusing on market expansion and new technology development to enhance its competitive position in the industry[62]. - The company plans to leverage new technologies such as Ceph distributed storage and Zabbix network management in future projects[47]. - The company is focusing on optimizing solutions for wind and solar energy markets to enhance its competitive position in the renewable energy sector[91]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total of 391,231,952 shares eligible for distribution[5]. - The cash dividend distribution represents 60.14% of the net profit attributable to the parent company for 2020, which is 65,058,560.35 yuan[114]. - The company has maintained a stable operating performance, considering investor returns and future business development needs[116]. - The cash dividend for 2019 was 10,106,623.40 yuan, which was 10.27% of the net profit[114]. - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their rights[111]. Corporate Governance and Compliance - The company has maintained its accounting firm, Tianheng Accounting Firm, for 21 years, with an audit fee of 700,000 RMB for the current period[128]. - The company did not face any major litigation or arbitration matters during the reporting period[130]. - The company actively protects the rights of shareholders and creditors, adhering to legal regulations and improving corporate governance structures[157]. - The company has not reported any significant related party transactions exceeding the approved limits during the reporting period[134]. - The company has engaged in social responsibility initiatives, including environmental protection and support for national education[157]. Risk Management - The company faces risks related to technological innovation, market competition, talent retention, accounts receivable, and macroeconomic conditions, which it plans to address through strategic measures[100][102][103][104][105]. Employee Relations and Welfare - The company has established a comprehensive employee welfare system, including health insurance and maternity benefits[160]. - The company has implemented a robust employee training system to enhance staff capabilities and safety awareness[161]. - The company has maintained a AAA credit rating from the People's Bank of China, reflecting its strong financial standing and commitment to creditor rights[159]. Shareholder Structure - Jiangsu Jinzhi Technology Co., Ltd. reported a total shareholding of 148,450,460 shares by its largest shareholder, Jiangsu Jinzhi Group Co., Ltd., accounting for 36.72% of total shares[184]. - The top ten shareholders include Jiangsu Jinzhi Group Co., Ltd. and several natural persons, with the second-largest shareholder, Ye Liujin, holding 5,860,537 shares, representing 1.45%[184]. - The company has not undergone any changes in its controlling shareholder or actual controllers during the reporting period[186][188]. - The company has a total of 4,800,000 shares held by Tibet Trust Co., Ltd. under a collective fund trust plan, indicating employee stock ownership[185]. Environmental and Social Responsibility - The company has obtained ISO 14001:2015 environmental management system certification and has not been involved in any environmental pollution incidents during the reporting period[169]. - The company donated over 700,000 RMB to support frontline efforts during the COVID-19 pandemic, including 300,000 RMB to hospitals[167]. - The company actively participated in poverty alleviation efforts by purchasing 40,000 RMB worth of agricultural products from a national-level poverty-stricken county[168].

Financial Performance - The company's operating revenue for Q1 2021 was ¥354,571,411.52, representing a 19.52% increase compared to ¥295,912,275.08 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 reached ¥29,733,282.68, a significant increase of 288.52% from ¥8,794,523.32 in the previous year[9] - The basic earnings per share for Q1 2021 was ¥0.0738, up 290.48% from ¥0.0218 in the same period last year[9] - Net profit increased by 211.28% year-on-year, primarily due to the increase in total profit[18] - Investment income increased by 411.39% year-on-year, mainly due to the transfer of 98.5% equity in Qian New Energy and 60% equity in Qianhua Technology[17] - The total profit for Q1 2021 was CNY 36,711,565.57, compared to CNY 13,279,481.41 in the previous year, marking an increase of about 176%[48] - The company's total comprehensive income for Q1 2021 was CNY 33,005,487.57, compared to CNY 10,603,316.93 in the previous year, reflecting strong overall performance[49] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥40,592,938.65, which is a decline of 92.88% compared to -¥20,024,685.56 in the same period last year[9] - The company's operating cash inflow for the current period was ¥518,817,335.14, an increase of 15.6% compared to ¥448,496,639.04 in the previous period[54] - The cash inflow from investment activities was ¥471,198,179.71, significantly higher than ¥983,696.83 in the previous period, resulting in a net cash flow from investment activities of ¥429,589,924.15[56] - The cash outflow from financing activities totaled ¥491,300,348.87, compared to ¥151,598,272.41 in the previous period, leading to a net cash flow from financing activities of -¥444,800,348.87[56] - The total cash outflow for operating activities was ¥559,410,273.79, up from ¥469,542,832.68 in the previous period[56] - The company reported a net increase in cash and cash equivalents of -¥55,803,363.37, an improvement from -¥132,787,777.58 in the previous period[57] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,909,612,099.29, a decrease of 16.50% from the previous year's end[9] - Current liabilities amounted to CNY 1,526,075,945.05, down from CNY 1,969,239,399.76, a reduction of about 22.5%[42] - The company's total liabilities decreased to CNY 1,538,747,124.91 from CNY 2,087,622,756.24, reflecting a decline of approximately 26.4%[42] - The equity attributable to shareholders of the parent company was CNY 1,312,748,133.46, slightly down from CNY 1,340,014,856.23[42] - The total current assets amounted to RMB 2,432.22 million, an increase from RMB 2,294.79 million in the previous period[40] Shareholder Information - The company has a total of 22,736 common shareholders at the end of the reporting period[13] - Jiangsu Jinzhi Group Co., Ltd. holds 36.72% of the shares, with 75,877,599 shares pledged[13] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[14] - The company repurchased a total of 13,032,984 shares, accounting for 3.22% of the total share capital, with a total transaction amount of approximately RMB 101.44 million[26] Expenses - Sales expenses increased by 62.06% year-on-year, mainly due to increased marketing activities following the easing of the pandemic[17] - Management expenses increased by 34.63% year-on-year, primarily due to increased business activities following the easing of the pandemic[17] - Research and development expenses for Q1 2021 amounted to CNY 28,419,769.02, compared to CNY 26,852,919.94 in the previous year, showing a slight increase[48] - The financial expenses for Q1 2021 were CNY 8,354,122.71, down from CNY 10,225,824.18 in the previous year, indicating improved cost management[48] Future Projections - The estimated net profit for the period from the beginning of the year to the next reporting period is projected to be between RMB 3,800 million and RMB 4,800 million, representing an increase of 107% to 162% compared to the same period last year[29] - The basic earnings per share is expected to be between RMB 0.0955 and RMB 0.1206, indicating a growth of 110% to 166% year-on-year[29] - The company anticipates an increase in non-recurring gains and losses of approximately RMB 20 million due to the transfer of 98.5% equity in a subsidiary and management fees from a wind farm[29]

Financial Performance - Operating revenue for the reporting period was CNY 328,603,112.20, down 28.22% year-on-year[9] - Net profit attributable to shareholders was CNY 11,562,186.41, an increase of 352.78% compared to the same period last year[9] - The company reported a decrease in net profit attributable to shareholders for the year-to-date period, down 69.02% to CNY 29,888,470[9] - Operating profit decreased by 63.73% year-on-year, mainly due to a reduction in operating revenue and the absence of significant investment income from the previous year[18] - Net profit decreased by 62.78% year-on-year, primarily due to a decrease in total profit[18] - Basic and diluted earnings per share decreased by 69.03% year-on-year, reflecting the decline in net profit attributable to shareholders[18] - Total operating revenue for Q3 2020 was CNY 328,603,112.20, a decrease from CNY 457,772,355.66 in the previous period[50] - Net profit for Q3 2020 was CNY 9,599,052.32, compared to CNY 3,801,708.92 in the same period last year, representing an increase of approximately 152.5%[52] - Total operating revenue for the current period was ¥988,134,560.19, a decrease of 23.97% from ¥1,300,227,868.47 in the previous period[58] - Net profit for the current period was ¥34,235,455.59, compared to ¥91,990,383.36 in the previous period, reflecting a decline of 62.74%[60] - Operating profit decreased significantly to $40.5 million, down 69.8% from $133.7 million in the previous period[63] - Net profit for the current period was $41.6 million, a decline of 66.7% compared to $125.0 million in the previous period[64] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,470,992,791.87, a decrease of 6.60% compared to the end of the previous year[9] - The company's current assets totaled CNY 2,292,640,157.79, slightly up from CNY 2,244,110,118.23 at the end of 2019, indicating a growth of approximately 2.15%[42] - The company's total liabilities decreased to CNY 2,111,907,558.38 from CNY 2,344,248,422.64, reflecting a reduction of approximately 9.9%[44] - Total liabilities decreased to CNY 1,019,666,360.32 from CNY 1,045,335,745.31 in the previous period[48] - Total liabilities were CNY 1,045,335,745.31, with current liabilities at CNY 984,366,031.53, including short-term borrowings of CNY 438,000,000.00[79] Cash Flow - The net cash flow from operating activities was CNY 96,061,681.05, an increase of 38.51% year-on-year[9] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 1755.41% year-on-year, mainly due to increased progress payments for the wind farm project[18] - Cash used in investment activities decreased by 503.15% year-on-year, primarily due to increased payments for the wind farm project[18] - Cash flow from operating activities was $88.8 million, slightly up from $88.5 million in the previous period[65] - Cash flow from investing activities showed a net outflow of $849.3 million, compared to a net inflow of $210.7 million in the previous period[67] - Cash flow from financing activities resulted in a net inflow of $605.0 million, reversing from a net outflow of $500.0 million in the previous period[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,156[12] - The first employee stock ownership plan was implemented, with a total of 4,723,744 shares purchased, accounting for 1.9864% of the total share capital at that time[20] - As of now, the employee stock ownership plan holds 4,800,000 shares, representing 1.187% of the current total share capital of 404,264,936 shares[20] - The company has decided to extend the duration of the employee stock ownership plan until December 24, 2021, to protect the interests of the plan holders[21] Investments and Projects - The company completed the acquisition of 93.33% of the equity of Jinzhivision, which was included in the consolidated financial statements from July 2020[8] - The total investment for the Xinjiang Changji Mulei Laojun Temple Wind Farm Phase II project is estimated at 202,237.01 million yuan, with a contract amount of 167,656 million yuan for the EPC project[22] - As of August 31, 2020, the cumulative investment in the wind farm project reached 130,540.85 million yuan, with an overall completion progress of 51.36%[23] - The company is investing in the construction of the second phase of the Xinjiang Changji Mulei Laojun Temple Wind Farm (250MW)[27] Operational Changes - The company has transferred the management rights of its subsidiaries related to the wind farm project to its controlling shareholder, Jiangsu Jinzhi Group, to mitigate operational risks[24] - The controlling shareholder Jiangsu Jinzhi Group plans to transfer 80,852,987 shares to Qilu Transportation, which will result in Qilu holding 29.99% of the company after the non-public issuance of shares[25] - Qilu Transportation is undergoing a merger with Shandong Highway Group, which will affect the strategic cooperation agreements previously established[26] Compliance and Governance - The company has no securities or derivative investments during the reporting period[29][30] - There are no violations of external guarantees during the reporting period[34] - The company has no non-operating fund occupation by controlling shareholders or their affiliates[35] - The company has no significant contracts affecting daily operations during the reporting period[31] - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[28] - The company has not undergone an audit for the third quarter report[81] - The company implemented new revenue and leasing standards starting in 2020, affecting prior comparative data[81]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 654,181,948.80, a decrease of 22.57% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 19,219,941.52, down 79.61% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 10,675,858.94, a decline of 62.03% compared to the previous year[19]. - The basic earnings per share were CNY 0.0475, down 79.63% year-on-year[19]. - The company's operating revenue for the reporting period was ¥654,181,948.80, a decrease of 22.57% compared to ¥844,878,799.23 in the same period last year[45]. - The net profit for the first half of 2020 was CNY 26.84 million, a decline of 70.0% from CNY 89.30 million in the first half of 2019[166]. - The company's total assets decreased to CNY 2.06 billion as of June 30, 2020, from CNY 2.18 billion at the end of 2019, representing a decline of 5.4%[164]. - The company's total equity increased from CNY 1,353,000,284.61 to CNY 1,357,377,213.28, showing a growth of approximately 0.3%[159]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 1,571,115.14, a decrease of 107.86% compared to the same period last year[19]. - The company reported a net cash flow from investing activities of -¥240,993,601.62, a decrease of 213.18% from ¥212,922,097.26, mainly due to significant investments in new projects[46]. - The total cash outflow from investing activities was CNY 245,570,321.48 in the first half of 2020, compared to CNY 39,062,742.91 in the same period of 2019, indicating a significant increase in investment outflows[176]. - The company reported a total cash inflow from financing activities of CNY 475,943,000.00 in the first half of 2020, compared to CNY 422,000,000.00 in the same period of 2019, showing an increase of about 12.8%[176]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,679,316,299.69, a slight decrease of 0.35% from the end of the previous year[19]. - The company's short-term borrowings decreased from CNY 713,850,000.00 to CNY 586,350,000.00, a reduction of about 17.9%[158]. - The accounts receivable decreased from CNY 887,581,568.17 to CNY 825,026,801.11, a reduction of approximately 7.1%[156][157]. - The company's cash and cash equivalents decreased significantly from CNY 586,460,517.44 to CNY 376,956,341.81, a reduction of about 35.7%[156][157]. Business Operations and Strategy - The company plans to not distribute cash dividends or issue bonus shares[7]. - The company is actively exploring new business models to meet comprehensive energy service demands[27]. - The company achieved operating revenue of 654.18 million yuan, a year-on-year decrease of 22.57%[35]. - The company is investing in the Xinjiang Changji Mulei Laojunmiao Wind Farm Phase II project (250MW), expected to be completed by the end of 2020[39]. - The company has completed the strategic layout of the entire industrial chain in the power automation business[27]. Research and Development - Research and development investment was ¥55,174,588.48, down 30.95% from ¥79,903,993.01, primarily due to reduced R&D activities caused by the pandemic[45]. - The company developed new products, including a factory-level automatic generation control software and an energy internet cloud platform, enhancing its market offerings[36]. - The company received multiple awards for its research projects, reflecting its strong R&D capabilities and market competitiveness[39]. Market Position and Competition - In the smart power generation sector, the company maintained a high market share by winning multiple contracts from major power groups, including Huadian and Datang[36]. - The company continues to be a key supplier for the State Grid, maintaining its position in the competitive landscape of power automation solutions[37]. - The smart energy segment's revenue decreased by 36.54% to ¥240,988,619.85, while the smart city segment's revenue decreased by 11.31% to ¥411,507,517.52[48]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[85]. - The total number of common shareholders at the end of the reporting period was 26,575[139]. - Jiangsu Jinzhi Group Co., Ltd. holds 36.72% of the shares, totaling 148,450,460 shares, with 92,231,049 shares pledged[139]. - The company has no preferred shares or convertible bonds outstanding during the reporting period[145][147]. Risks and Challenges - The ongoing COVID-19 pandemic is expected to affect business operations and revenue recognition, leading to a potential decline in income compared to the previous year[78]. - The company is facing risks related to technological innovation, market competition, and talent retention, which could impact its core competitiveness[73][74][75]. - The company is actively monitoring macroeconomic conditions and industry policies, particularly regarding renewable energy subsidies and their impact on project profitability[80][81].

Financial Performance - The company's operating revenue for Q1 2020 was ¥295,912,275.08, a decrease of 26.67% compared to ¥403,557,284.26 in the same period last year[8]. - The net profit attributable to shareholders was ¥8,794,523.32, down 70.56% from ¥29,867,964.75 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥2,675,594.88, representing an 87.00% decline from ¥20,585,610.44 in the previous year[8]. - Basic earnings per share were ¥0.0218, down 70.50% from ¥0.0739 in the same period last year[8]. - Total profit decreased by 42.46% year-on-year, mainly due to a reduction in operating income and the lack of dividend distribution resolution from Zijin Trust[15]. - Net profit attributable to shareholders of the parent company decreased by 70.56% year-on-year, primarily due to a decrease in operating income and the lack of dividend distribution resolution from Zijin Trust[16]. - The company expects a net profit for the first half of 2020 to be positive but down by more than 50% year-on-year[24]. - The net profit attributable to shareholders for the first half of 2020 is expected to decline by 84.00% to 77.00%, with a range of 1,500 to 2,200 thousand yuan compared to 9,427.67 thousand yuan in the same period of 2019[25]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥20,024,685.56, a decrease of 133.31% compared to ¥60,112,001.58 in the same period last year[8]. - Cash and cash equivalents at the end of the period amounted to 316,613,322.57, down from 441,247,683.52, reflecting a decrease of about 28.3%[56]. - The cash flow from investment activities showed a net outflow of -694,049.29, compared to -24,080,880.32 in the previous period, marking an improvement of approximately 97%[59]. - The total cash inflow from operating activities was 160,884,893.03, down from 244,672,762.96, reflecting a decrease of about 34%[58]. - The total assets at the end of the reporting period were ¥3,521,100,188.05, a decrease of 4.64% from ¥3,692,359,967.46 at the end of the previous year[8]. - The total liabilities amounted to 2,339,359,682.85, remaining stable compared to the previous period[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,703[11]. - Jiangsu Jinzhi Group Co., Ltd. held 36.72% of the shares, with 148,450,460 shares pledged[11]. Inventory and Receivables - Accounts receivable financing decreased by 44.72% compared to the beginning of the year, mainly due to the endorsement of bank acceptance bills to suppliers[15]. - Inventory decreased by 57.36% compared to the beginning of the year, primarily due to the new revenue recognition standards where revenue from project performance exceeded the settled price, reclassified as contract assets[15]. - Accounts receivable as of March 31, 2020, amounted to 866,629,932.89 yuan, slightly down from 887,581,568.17 yuan at the end of 2019, indicating a decrease of about 2.0%[38]. - The company reported a decrease in inventory from 523,701,803.11 yuan at the end of 2019 to 223,321,776.89 yuan as of March 31, 2020, indicating a significant reduction of approximately 57.6%[38]. Research and Development - R&D expenses decreased by 41.56% year-on-year, mainly due to reduced R&D activities and a decrease in the scope of consolidation[15]. - Research and development expenses for Q1 2020 were ¥8,796,445.49, down 43.5% from ¥15,545,391.06 in the same period last year[50]. Future Outlook - The company plans to invest in the second phase of the Xinjiang Changji Mulei Laojun Temple Wind Farm project (250MW) with a total investment of approximately 202,237.01 million yuan[20]. - The company anticipates a decrease in revenue for the first half of 2020 due to the impact of the COVID-19 pandemic, which has delayed the resumption of work and normal operations[26]. - The company has no significant non-recurring gains or losses expected for the first half of 2020, contrasting with the previous year when substantial non-recurring gains were recorded[26]. - The company is focused on expanding its market presence and enhancing product development strategies[66]. - Future outlook includes potential adjustments in financial reporting due to new accounting standards[66].