Financial Performance - The company's operating revenue for the first half of 2021 was ¥985,057,963.26, representing a 16.73% increase compared to ¥843,903,303.65 in the same period last year[20]. - The net profit attributable to shareholders decreased by 79.00% to ¥119,369,482.55 from ¥568,361,542.12 year-on-year[20]. - The net cash flow from operating activities was negative at -¥25,040,385.75, a decline of 111.51% compared to ¥217,468,067.54 in the previous year[20]. - The basic earnings per share dropped by 79.00% to ¥0.1417 from ¥0.6748 in the same period last year[20]. - The company reported a net profit of 123,983,883.18 CNY, a decrease of 78.13% from ¥566,972,633.03 in the previous year, primarily due to the absence of significant investment disposals this year[50]. - The company reported a significant decrease in investment income, with a loss of approximately ¥1.51 million compared to a profit of ¥560.65 million in the same period last year[157]. - The total comprehensive income for the first half of 2021 was approximately ¥122.76 million, a decrease of 78.5% from ¥567.56 million in the same period of 2020[159]. - The company reported a net loss of CNY 372,375,486.03, an improvement from a loss of CNY 491,744,968.58 in the previous period[150]. Assets and Liabilities - Total assets increased by 4.38% to ¥5,067,804,037.83 from ¥4,855,007,496.94 at the end of the previous year[20]. - The total liabilities rose to CNY 2,239,882,437.55 from CNY 2,149,844,640.03, marking an increase of approximately 4.18%[149]. - The company's equity attributable to shareholders increased to CNY 2,798,330,229.41, up from CNY 2,679,585,568.16, a growth of around 4.43%[150]. - Cash and cash equivalents at the end of the reporting period amounted to ¥516,983,826.94, representing 10.20% of total assets, an increase from 9.65% at the end of the previous year[60]. - Accounts receivable stood at ¥869,995,691.18, accounting for 17.17% of total assets, slightly up from 17.14% year-on-year[60]. - Inventory increased to ¥1,091,262,153.41, which is 21.53% of total assets, up from 19.57% in the previous year[60]. - The total owner's equity at the end of the reporting period is 2,651,077,000.00 CNY[182]. Market Position and Industry Insights - The company is a leading manufacturer of industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment, with a focus on environmental remediation services and photovoltaic power station operations[28]. - The domestic market share of the company's industrial waste heat boilers remains the highest, with the company recognized as a key high-tech enterprise and holding numerous qualifications and certifications[31]. - The pressure vessel industry in China has shown a compound annual growth rate of 5.35% from 2014 to 2019, with the total number of pressure vessels increasing from 3.23 million to 4.19 million[33]. - The nuclear power sector is projected to reach a scale of 170 million kilowatts by 2035, with an annual requirement of approximately 6 new units before 2030[35]. - The company is transitioning from a single processing manufacturer to an independent contractor model, with an increasing number of self-contracted nuclear power product orders[47]. Research and Development - Research and development investment rose by 20.74% to ¥20,777,759.22 from ¥17,209,367.59, reflecting the company's commitment to innovation[49]. - The company is focusing on the development of new products, including solar photovoltaic products and energy storage systems, to enhance its market competitiveness[73]. - The company plans to enhance its technological innovation in the waste heat boiler segment, focusing on high-end products to improve profitability[31]. Environmental Responsibility - The company has invested in environmental protection facilities and ensured compliance with national standards, with no major environmental issues reported[84]. - The company has established an emergency response plan for environmental incidents, with targeted drills planned for the second half of 2021[86]. - The company is committed to fulfilling its environmental responsibilities and enhancing public awareness through timely information disclosure[88]. Legal and Compliance Issues - The company reported a significant legal dispute involving a claim of approximately 399.79 million yuan against Wu Weiwen and Jubao Group, with ongoing arbitration proceedings[100]. - The company is actively pursuing legal measures to ensure performance compensation from a previous acquisition, addressing potential risks related to uncollectible receivables[75]. - The company has not reported any major litigation or arbitration matters outside of the aforementioned dispute[100]. Shareholder and Governance - The company has undergone changes in its board of directors, with several resignations and new appointments in early 2021[79]. - The company has not distributed cash dividends or bonus shares for the first half of 2021, opting to retain earnings for reinvestment[80]. - The total number of shares is 842,271,055, with a slight increase in restricted shares due to the lock-up of new director Zhang Zhanyu's shares[128].

Financial Performance - The company's operating revenue for Q1 2022 was ¥436,283,778.91, representing a 23.62% increase compared to ¥352,930,447.31 in the same period last year[4]. - The net profit attributable to shareholders decreased by 25.25% to ¥32,632,637.98 from ¥43,656,183.69 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 28.82% to ¥28,495,914.89 compared to ¥40,033,001.53 in the previous year[4]. - Total operating revenue for Q1 2022 was CNY 436,283,778.91, an increase of 23.5% compared to CNY 352,930,447.31 in Q1 2021[24]. - Net profit for Q1 2022 was CNY 34,297,331.65, a decrease of 26.5% from CNY 46,678,872.79 in Q1 2021[25]. - The total comprehensive income for Q1 2022 was CNY 33,842,566.77, down 25.5% from CNY 45,337,855.37 in the same quarter last year[26]. - Earnings per share (EPS) for Q1 2022 was CNY 0.0387, a decrease from CNY 0.0518 in Q1 2021[26]. Cash Flow - The net cash flow from operating activities improved significantly to ¥4,563,332.01, a 106.93% increase from a negative cash flow of -¥65,826,010.92 in the same period last year[4]. - Cash inflow from operating activities was CNY 537,611,030.87, compared to CNY 347,673,025.12 in Q1 2021, reflecting a growth of 54.5%[27]. - The net cash flow from operating activities was 4,563,332.01 CNY, a significant improvement compared to a net outflow of 65,826,010.92 CNY in the same period last year[29]. - Total cash outflow from investing activities amounted to 143,217,873.41 CNY, compared to 9,763,354.69 CNY in the previous year, resulting in a net cash flow from investing activities of -100,620,331.82 CNY[29]. - Cash flow from financing activities showed a net outflow of 971,131.10 CNY, compared to a net outflow of 712,271.21 CNY in the same quarter last year[29]. - The total cash and cash equivalents decreased by 97,491,546.76 CNY, compared to a decrease of 74,908,143.97 CNY in the previous year[29]. Assets and Liabilities - Total assets at the end of Q1 2022 decreased by 3.10% to ¥5,246,641,006.67 from ¥5,414,397,790.10 at the end of the previous year[4]. - The company's total assets amounted to CNY 5,246,641,006.67, a decrease from CNY 5,414,397,790.10 in the previous period[25]. - The total liabilities of the company are ¥2,159,715,009.29, down from ¥2,360,194,359.49[22]. - The company's total current assets amount to ¥3,258,822,098.00, a decrease from ¥3,403,941,021.30 at the beginning of the year[21]. - Accounts receivable decreased to ¥892,851,557.20 from ¥934,762,619.59[21]. - Inventory increased to ¥1,132,365,200.40 from ¥1,117,527,279.81[21]. - The company’s total liabilities decreased, with a notable reduction in employee compensation payable by 51.63% to ¥21,658,836.39 from ¥44,776,532.33 year-on-year[10]. Research and Development - Research and development expenses surged by 132.90% to ¥11,702,805.11, up from ¥5,024,845.38 year-on-year, indicating increased investment in innovation[11]. - R&D expenses increased significantly to CNY 11,702,805.11, up 132.9% from CNY 5,024,845.38 in the previous year[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 49,257[16]. - The largest shareholder, Xu Yuansheng, holds 11.42% of shares, totaling 96,227,848 shares, with 72,170,886 shares pledged[16]. Other Information - The company has not disclosed any plans for new product development or market expansion in the current report[18]. - There is no indication of any mergers or acquisitions in the current reporting period[18]. - The report for the first quarter was not audited[31].

苏州海陆重工股份有限公司 2020 年第一季度报告全文 苏州海陆重工股份有限公司 2020 年第一季度报告 （更正后） 2020 年 04 月 1 苏州海陆重工股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐元生、主管会计工作负责人王申申及会计机构负责人(会计主 管人员)成艺声明：保证季度报告中财务报表的真实、准确、完整。 2 苏州海陆重工股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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） | 207,952,588.96 | 395,665,107.86 | -47.44% | | 归属于上市公司股东的净利润（元） | 25,981,477.75 | 6 ...

苏州海陆重工股份有限公司 2021 年第三季度报告 证券代码：002255 证券简称：海陆重工 公告编号：2021-045 苏州海陆重工股份有限公司 2021 年第三季度报告 （更正后） 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、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三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 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 453,333,149.05 | -0.63% | 1,438,391,112.31 ...

苏州海陆重工股份有限公司 2020 年第三季度报告全文 苏州海陆重工股份有限公司 2020 年第三季度报告 （更正后） 2020 年 10 月 1 苏州海陆重工股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐元生、主管会计工作负责人王申申及会计机构负责人(会计主 管人员)成艺声明：保证季度报告中财务报表的真实、准确、完整。 2 苏州海陆重工股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,621,010,555.31 | | 4,908,972,515.17 | -5.87% | | 归属于上市公司股东的净资产 | 2,568, ...

Financial Performance - The company's operating revenue for 2020 was ¥2,025,109,933.68, a decrease of 1.68% compared to ¥2,059,678,676.41 in 2019[17] - The net profit attributable to shareholders in 2020 was ¥759,540,521.71, a significant increase of 141.18% from a loss of ¥1,844,478,909.62 in 2019[17] - The net cash flow from operating activities reached ¥379,974,331.94, representing a 323.98% increase compared to -¥169,643,444.53 in the previous year[17] - The basic earnings per share for 2020 was ¥0.9018, recovering from a loss of ¥2.1899 in 2019[17] - The total assets at the end of 2020 were ¥4,855,007,496.94, a slight decrease of 1.10% from ¥4,908,972,515.17 in 2019[18] - The net assets attributable to shareholders increased by 41.63% to ¥2,679,585,568.16 from ¥1,891,988,343.32 in 2019[18] - The company achieved a total operating revenue of 2.025 billion yuan and a net profit attributable to the parent company of 760 million yuan in 2020[53] - The company reported a net cash flow from operating activities of 379,974,331.94 yuan, a significant increase of 323.98% compared to the previous year[78] - The company reported a gross profit margin of 21.65% in the industrial manufacturing sector, which is an increase of 3.66% compared to the previous year[60] Business Transformation and Strategy - The company has undergone a business transformation, focusing on industrial waste heat boilers, environmental governance services, and photovoltaic power station operations[16] - The company is transitioning from being a single equipment provider to a comprehensive solution provider in the energy-saving and environmental protection sector, which is anticipated to enhance market share[26] - The company is focusing on specialized and professional pressure vessels to meet the increasing demands of high-pressure and high-temperature applications[30] - The company is actively pursuing technology innovation and management improvements to enhance profitability and market competitiveness, particularly in the environmental protection sector[101] - The company plans to continue investing in new technologies and products to build technological barriers and focus on sustainable development[56] Market Position and Industry Trends - The company is positioned as a leading manufacturer of industrial waste heat boilers, with a market share that remains the highest in the domestic market[28] - The environmental protection equipment manufacturing industry is expected to see increased concentration, with the company benefiting from government support and market leadership[27] - The pressure vessel industry in China has seen a compound annual growth rate of 5.35%, increasing from 3.2279 million units in 2014 to 4.1912 million units in 2019[29] - The nuclear power industry is expected to have an operational capacity of 70 million kW by 2025, contributing to carbon neutrality goals[33] - The company is expanding its market presence in the renewable energy sector, focusing on solar and wind power projects[98] Government Support and Regulations - Government subsidies recognized in the current period amounted to CNY 20.46 million in 2020, up from CNY 12.57 million in 2019, highlighting increased support for the company's operations[23] - The government allocated 3.75 trillion yuan in new special bonds for environmental projects in 2020, providing opportunities for the environmental protection industry[36] - The new Solid Waste Law, effective from September 1, 2020, enhances the legal framework for the prevention of environmental pollution from solid waste[36] Operational Challenges and Risks - The company acknowledges uncertainties in its future operations due to macroeconomic risks and market competition[4] - The company has faced risks related to macroeconomic conditions, market competition, raw material price fluctuations, and accounts receivable, and is implementing measures to mitigate these risks[101][102] - The company has been under "delisting risk warning" since April 29, 2020, due to the losses from its former subsidiary, but is eligible to apply for the removal of this warning[55] Subsidiaries and Divestitures - The company completed the transfer of 83.6% equity in Ningxia Jiangnan Integrated Technology Co., Ltd., although the registration process is pending due to legal issues[43] - The company completed the divestiture of 83.6% of its stake in Ningxia Jiangnan Integrated Technology Co., Ltd. for ¥190 million, resulting in a significant net profit increase for 2020[54] - The company has lost control over several subsidiaries, including Horgos Jiangnan Xinfeng New Energy Technology Co., Ltd., but this has not had a significant impact on overall performance[98] Research and Development - Research and development expenses amounted to 118,310,231.73 yuan, representing 5.84% of operating revenue, an increase of 39.80% year-on-year[76] - The company applied for 13 new invention patents and 19 new utility model patents during the reporting period, enhancing its core competitiveness[75] Employee and Management Structure - The total number of employees in the company is 1,242, with 991 in the parent company and 251 in major subsidiaries[197] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 451.92 million yuan[197] - The company has a stable management team, with key positions held by experienced professionals from various industries[191] Financial Management and Compliance - The company has committed to avoid engaging in any business activities that directly or indirectly compete with its own operations[112] - The company has established a long-term commitment to strictly adhere to regulations regarding related party transactions following the completion of the major asset restructuring[113] - The company has a strategy to avoid conflicts of interest and ensure compliance with relevant regulations in its business operations[112] Environmental Compliance - The company strictly adheres to national environmental protection standards, ensuring that all pollutants meet the required discharge standards, with no major environmental issues reported during the reporting period[159] - The company has established an environmental self-monitoring plan and is using both automatic and manual monitoring methods to ensure compliance with pollution discharge requirements throughout the year[162]

苏州海陆重工股份有限公司 2022 年第一季度报告全文 证券代码：002255 证券简称：海陆重工 公告编号：2022-018 苏州海陆重工股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、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、主管会计工作负责人及会计机构负责人(会计主管人员)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） | 436,283,778.91 | 352,930,447.31 | 23.62% | | 归属于上市公司股东的净利润（元） | -22,608,414.26 | 75,222 ...

Financial Performance - The company's operating revenue for 2021 was ¥2,532,790,959.24, representing a 25.07% increase compared to ¥2,025,109,933.68 in 2020[19] - The net profit attributable to shareholders decreased by 44.01% to ¥442,335,925.30 in 2021 from ¥789,979,468.86 in 2020[19] - The net cash flow from operating activities fell by 58.99% to ¥155,824,003.20 in 2021, down from ¥379,974,331.94 in 2020[19] - The basic earnings per share decreased by 44.03% to ¥0.525 in 2021, compared to ¥0.938 in 2020[19] - Total revenue for the fourth quarter reached CNY 1,094,399,846.93, with a year-on-year increase of approximately 20% compared to the previous quarter[23] - Net profit attributable to shareholders for the fourth quarter was CNY 170,470,254.47, reflecting a significant increase of 23.6% from the third quarter[23] - The net cash flow from operating activities for the fourth quarter was CNY 102,411,299.88, indicating a recovery from a negative cash flow in the first quarter[23] - The company reported a total of CNY 131,463,172.25 in non-recurring gains and losses for the year, a significant decrease from CNY 581,877,913.46 in the previous year[24] - The company achieved a total operating revenue of CNY 2,532,790,959.24 in 2021, representing a year-on-year growth of 25.07%[66] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 31,087,280, an increase of 49.39% compared to the previous year[62] Assets and Liabilities - Total assets increased by 13.75% to ¥5,723,871,472.10 at the end of 2021, up from ¥5,031,849,600.94 at the end of 2020[20] - The net assets attributable to shareholders rose by 15.72% to ¥3,299,300,198.83 at the end of 2021, compared to ¥2,851,056,093.25 at the end of 2020[20] - The company's total assets included cash and cash equivalents of CNY 583,304,999.29, accounting for 10.19% of total assets at the end of 2021[92] - The company's contract assets increased to CNY 220,904,964.38, up 1.24% from the beginning of the year[92] Business Operations and Strategy - The company has undergone changes in its main business operations, focusing on industrial waste heat boilers, environmental remediation services, and photovoltaic power station operations[18] - The company is transitioning from being a single equipment provider to a comprehensive solution provider for energy-saving and environmental protection equipment[31] - The company aims to enhance its competitive edge by focusing on the development of standardized and specialized pressure vessels to meet international market demands[33] - The company is focusing on technological innovation and enhancing R&D capabilities to improve profitability and market competitiveness[109] - The company plans to continue investing in new technologies and products to build technical barriers and focus on sustainable development[64] Research and Development - The company invested CNY 155.0371 million in R&D during the reporting period, resulting in the successful development of multiple technologies and 23 new patents, including 2 invention patents[55] - Research and development expenses increased by 72.66% to 94,175,377.47 CNY, primarily due to increased investment in R&D[83] - The total R&D investment amounted to 155,037,132.12 CNY, a 31.04% increase compared to the previous year[86] - The number of R&D personnel decreased by 4.65% to 164, with a proportion of 12.83% of the total workforce[86] Market and Industry Trends - The demand for waste heat boilers is projected to increase due to the rising need for energy efficiency and environmental protection solutions in various industries[31] - The pressure vessel industry is expected to see growth driven by the demand for specialized and high-performance vessels in various applications[33] - The nuclear power industry is expected to reach a scale of 170 million kilowatts by 2035, requiring an annual construction of approximately 6 new units before 2030[34] - The domestic localization rate of nuclear power equipment has significantly improved, with key components achieving 100% localization, enhancing opportunities for domestic equipment manufacturers[36] - The solid waste and wastewater treatment industry is guided by policies aimed at enhancing environmental infrastructure and resource recycling, indicating substantial growth potential[37] Environmental and Social Responsibility - The company strictly adhered to national environmental protection standards, with no major environmental issues or pollution incidents reported during the reporting period[163] - The company faced a fine of 470,000 RMB for exceeding water pollution discharge standards, but it did not have a significant impact on operations[168] - The company is actively investing in environmental protection facilities and has committed to improving its waste management processes[165] - The company is committed to improving employee working conditions and protecting employee rights while maintaining a focus on environmental governance[172] Corporate Governance - The company has established a robust corporate governance structure, ensuring independence from its controlling shareholders[118] - The board of directors and management team have remained stable, with no significant changes in shareholding during the reporting period[121] - The company has not engaged in any related party transactions that could compromise its financial integrity[118] - The internal control system was improved to ensure compliance, asset security, and the authenticity of financial reporting, with no significant internal control deficiencies identified[153] Future Outlook - The company plans to achieve a 10%-20% year-on-year growth in operating revenue and net profit for 2022[110] - The company is focused on expanding its renewable energy projects, including solar and wind power developments[105] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[178] - The company aims to reduce operational costs by 15% through improved efficiency measures and automation technologies[178]

Financial Performance - The company's operating revenue for Q3 2021 was ¥453,333,149.05, a decrease of 0.63% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥137,840,398.93, an increase of 26.53% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥62,372,005.64, up 53.64% compared to the same period last year[3] - The net profit for the first nine months of 2021 was ¥276,554,438.20, a decrease of 58.56% compared to the same period last year[8] - Net profit for Q3 2021 was CNY 276,554,438.20, a decrease of 58.6% from CNY 667,343,699.09 in Q3 2020[22] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥5,633,403,253.27, representing an increase of 11.95% from the end of the previous year[3] - Total liabilities rose to CNY 2,479,782,601.04, an increase of 15.06% from CNY 2,155,216,218.94 in the previous year[19] - The company's equity attributable to shareholders increased to CNY 3,122,979,308.41, up from CNY 2,851,056,093.25, representing a growth of 9.52%[19] - The company's total assets increased to CNY 5,633,403,253.27, compared to CNY 5,031,849,600.94 at the end of the previous year, reflecting a growth of 11.95%[19] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥53,412,703.32, down 83.14% compared to the same period last year[3] - The net cash flow from operating activities decreased by 83.14% to CNY 53,412,703.32, primarily due to increased cash payments for goods and services[9] - Cash flow from investment activities showed a net outflow of CNY 1,255,092.65, contrasting with a net inflow of CNY 116,945,884.94 in the previous period[25] - The total cash and cash equivalents at the end of the period increased to CNY 341,920,135.73 from CNY 209,138,440.44 in the previous period, marking an increase of 63.4%[25] Shareholder Information - The company’s total number of ordinary shareholders reached 51,187 by the end of the reporting period[10] - Senior management member Xu Ran plans to reduce his shareholding by up to 3,700,000 shares, representing 0.44% of the total shares[15] - The company’s stock was delisted from the risk warning status on May 10, 2021, indicating improved compliance with listing requirements[14] Inventory and Costs - The company's inventory increased by 38.10% to ¥1,312,368,804.64, primarily due to rising raw material and production costs[6] - Total operating costs for Q3 2021 were CNY 1,207,799,434.49, up 9.73% from CNY 1,100,863,233.07 in Q3 2020[20] - The inventory increased significantly to CNY 1,312,368,804.64 from CNY 950,293,734.52, reflecting a 38.2% rise[17] Investment Activities - The company plans to sell its 100% stake in Zhangjiagang Hailu New Energy Co., Ltd., while continuing to seek new cooperation opportunities to enhance profitability[14] - The company recorded an investment income of CNY 1,825,853.07, a significant decrease from CNY 559,183,257.49 in Q3 2020[20] Compliance and Standards - The company has not undergone an audit for the third quarter report[30] - The report indicates the implementation of new leasing standards starting from 2021, but no retrospective adjustments were made[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥985,057,963.26, representing a 16.73% increase compared to ¥843,903,303.65 in the same period last year[18]. - The net profit attributable to shareholders decreased by 75.97% to ¥134,025,271.90 from ¥557,839,436.93 year-on-year[18]. - The net profit after deducting non-recurring gains and losses increased by 27.18% to ¥106,460,165.17 compared to ¥83,708,511.19 in the previous year[18]. - The net cash flow from operating activities was negative at -¥25,040,385.75, a decline of 111.51% from ¥217,468,067.54 in the same period last year[18]. - The basic earnings per share decreased by 75.98% to ¥0.1591 from ¥0.6623 in the same period last year[18]. - The weighted average return on equity was 4.59%, down 21.55% from 26.14% in the previous year[18]. - The company reported a significant decrease in investment income, down 99.73% to ¥1,513,123.34 from ¥560,651,488.99, due to the lack of major investment disposals this period[48]. - The company reported a net profit of 929.66 million yuan from its subsidiary, which supports its strategic transformation towards energy conservation and environmental protection[38]. - The company achieved a net profit of ¥138,639,672.53, a decrease of 75.08% from ¥556,450,527.84 in the previous year, primarily due to the absence of significant investment disposals this year[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,261,888,246.97, an increase of 4.57% from ¥5,031,849,600.94 at the end of the previous year[18]. - The total liabilities rose to CNY 2,247,840,332.25, compared to CNY 2,155,216,218.94, marking an increase of approximately 4.30%[149]. - The total owner's equity reached CNY 3,014,047,914.72, up from CNY 2,876,633,382.00, representing a growth of about 4.80%[150]. - Cash and cash equivalents at the end of the reporting period amounted to ¥516,983,826.94, representing 9.83% of total assets, an increase of 0.51% compared to the previous year[58]. - Accounts receivable stood at ¥869,995,691.18, maintaining a stable proportion of 16.53% of total assets with no significant change[58]. - Inventory increased to ¥1,091,262,153.41, accounting for 20.74% of total assets, reflecting a 1.85% increase year-on-year[58]. - The total value of restricted assets at the end of the reporting period was ¥478,964,286.21, primarily due to bank guarantees and pledges[63]. Market Position and Business Activities - The main business activities include manufacturing and sales of industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment, as well as environmental remediation services[25]. - The company holds the leading position in the domestic market for industrial waste heat boilers, maintaining a market share of over 30%[29]. - The company is recognized as a key high-tech enterprise under the National Torch Program, with its brand "HaiLu" being honored as a famous trademark in Jiangsu Province[29]. - The company aims to enhance its profitability by focusing on high-end, specialized products in the industrial waste heat boiler sector[29]. - The company is a leading manufacturer of special waste heat boilers, maintaining the highest market share in the domestic industrial waste heat boiler sector[42]. - The company has successfully transitioned from a single processing manufacturer to an independent contractor for nuclear power products, significantly increasing its order volume[45]. Research and Development - Research and development investment rose by 20.74% to ¥20,777,759.22, up from ¥17,209,367.59, reflecting the company's commitment to innovation[47]. - The company is committed to technological innovation, which has helped it maintain its core competitiveness amid increasing market competition[41]. - The company is focusing on developing new waste heat boiler markets to meet evolving environmental standards and regulations[43]. - The company has allocated resources for research and development to innovate new products and improve existing technologies[172]. Environmental Compliance and Social Responsibility - The company has implemented strict compliance with national environmental standards, ensuring that all pollutants are discharged within legal limits[82]. - The company has invested in environmental protection facilities, with ongoing projects such as the high-concentration wastewater pretreatment project awaiting final approval[83]. - The company has established an emergency response plan for environmental incidents, with drills planned for the second half of 2021[84]. - The company has committed to social responsibility, increasing R&D investment and focusing on quality management and employee welfare[88]. - The company has contributed 1.001 million and 1.81 million in photovoltaic poverty alleviation funds through its subsidiaries[88]. Future Outlook and Strategic Plans - The company plans to optimize its product structure and strengthen production management to improve manufacturing capabilities[32]. - The company aims to increase the resource utilization rate of urban household waste to around 60% by the end of 2025, in line with national planning[37]. - The company is actively expanding its market presence through mergers and acquisitions, leveraging its competitive advantages in the waste incineration industry[38]. - The management remains optimistic about future growth prospects, despite the challenges faced in the current financial period[172]. - The future outlook remains optimistic with projected revenue growth driven by increased demand in key markets[176]. Legal and Compliance Issues - The company is currently involved in arbitration regarding performance compensation related to the acquisition of a controlling stake in Ningxia Jiangnan Integrated Technology Co., Ltd.[72]. - The company has ongoing litigation with Wuhan Kaidi Electric Engineering Co., with a claim amount of 7.9035 million yuan, and the case is still unresolved[100]. - The company has a claim against Xilin Gol Su Ni Te Alkali Industry Co. for 19.739 million yuan, with 640,000 yuan still unpaid as of the reporting period[100]. - The company has a claim against Suhua Construction Group for 10.0577 million yuan, which has been settled as of February 19, 2021[101]. - The company reported a total of 7 ongoing litigation and arbitration cases, with no significant impact on its operations[101]. Shareholder and Capital Structure - The total number of shares is 842,271,055, with a slight increase in restricted shares due to the lock-up of new director Zhang Zhanyu's shares[128]. - The largest shareholder, Xu Yuansheng, holds 11.42% of the shares, totaling 72,170,886 shares[134]. - The company has a total share capital of 84,227.1055 million shares as of June 30, 2021[185]. - The company has no preferred shares outstanding during the reporting period[140]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[135].