证券代码：002255 证券简称：海陆重工 编号：2021-005 投资者关系活动类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人员姓 嘉实基金：延健磊、永赢基金：沈平虹、汇华理财有限公司：鲍 苏州海陆重工股份有限公司 投资者关系活动记录表 | --- | --- | |----------------------|---------------------------------------------------------------------------------------------------------------------------| | 名 | 宗禹 | | 时间 | 2021 年 10 月 27 日 14：00-14 ： 30 | | 地点 | 董事会秘书办公室 | | 上市公司接待人员姓名 | 董事会秘书：张郭一 | | | 一、公司主营业务介绍 | | | 公司 2008 年上市时主营业务为工业余热锅炉、大型及特种材 | | | 质压力容器及核安全设备的制造与销售。 201 ...

Group 1: Company Overview - Suzhou Hailu Heavy Industry Co., Ltd. was established in 2008, initially focusing on industrial waste heat boilers, large and special pressure vessels, and nuclear safety equipment manufacturing and sales [2] - The company expanded its business through acquisitions, including the purchase of 100% equity in Zhangjiagang Ge Rui Environmental Engineering Co., Ltd. in 2015, which specializes in wastewater treatment and solid waste disposal [2] - The current business structure includes three main areas: industrial waste heat boilers, environmental comprehensive governance services, and photovoltaic power station operations [2] Group 2: Product Competitiveness - The company holds the leading position in the domestic market for waste heat boiler manufacturing, with a significant market share and recognized qualifications and certifications [3] - Hailu Heavy Industry is a key player in the development of national standards for dry quenching waste heat boilers and maintains a leadership position in various sectors, including converter waste heat boilers [3] - The company has a strong competitive edge in nuclear safety equipment, having obtained manufacturing qualifications as early as 1998, and has successfully developed products that replace previously imported components [3] Group 3: Future Strategy - The company plans to deepen its core manufacturing business while enhancing technological innovation and management efficiency to improve profitability and market competitiveness [4] - There is a focus on optimizing resource allocation and cost control to ensure stable development and a full order book [4]

Group 1: Company Overview - Suzhou Hailu Heavy Industry Co., Ltd. was listed in 2008, initially focusing on the manufacturing and sales of industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment [2]. - The company acquired 100% of Zhangjiagang Ge Rui Environmental Engineering Co., Ltd. in 2015, expanding into wastewater treatment, solid waste landfill, and hazardous waste treatment [2]. - In 2016, Zhangjiagang Hailu New Energy Co., Ltd. was established, focusing on photovoltaic power station operations, leading to a diversified business model [2]. Group 2: Product and Market Position - Hailu Heavy Industry holds the top position in domestic qualifications and certifications for waste heat boiler manufacturing, recognized as a national high-tech enterprise and a prominent brand in Jiangsu Province [3]. - The company maintains a leading market share in the domestic industrial waste heat boiler sector, with a strong customer base primarily consisting of state-owned enterprises [3]. - Hailu is involved in drafting national standards for dry quenching waste heat boilers and continues to lead in the converter waste heat boiler and non-ferrous metallurgy waste heat boiler markets [3]. Group 3: Nuclear Power Competitive Advantage - The company obtained nuclear safety equipment manufacturing qualifications in 1998 and has developed critical components for nuclear reactors, reducing reliance on foreign imports [3]. - Hailu has seen a significant increase in self-contracted nuclear power product orders, moving beyond single processing orders to a strategic transformation in nuclear power [3]. - The company has secured important orders related to advanced nuclear technologies, including the 'Hualong One' and CAP1400 third-generation nuclear power technologies [3]. Group 4: Financial Performance and Future Strategy - The company's operational performance in 2021 met expectations, with stable growth in profitability compared to the previous year, supported by a sufficient order backlog [3]. - Future strategies include deepening core business operations, enhancing technological innovation, and improving management and cost control to boost profitability and market competitiveness [3].

Group 1: Company Overview - Suzhou Hailu Heavy Industry Co., Ltd. was established in 2008, initially focusing on industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment manufacturing and sales [2]. - The company expanded its business through acquisitions, including a 100% stake in Zhangjiagang Ge Rui Environmental Engineering Co., Ltd. in 2015, which specializes in wastewater treatment and solid waste disposal [2]. - The current business structure includes three main areas: industrial waste heat boilers, environmental comprehensive treatment services, and photovoltaic power station operations [2]. Group 2: Product Competitiveness - The company holds the leading position in the domestic market for waste heat boilers, with a strong market share and recognized qualifications and certifications [3]. - Hailu Heavy Industry is a key player in the research and manufacturing of special waste heat boilers, contributing to national standards for dry quenching waste heat boilers [3]. - The company has a robust order backlog and maintains normal production operations, primarily serving large state-owned enterprises and private enterprises [3]. Group 3: Nuclear Power Sector - Hailu Heavy Industry obtained nuclear safety equipment manufacturing qualifications in 1998 and has developed critical components for nuclear reactors, reducing reliance on foreign imports [3]. - The company is experiencing an increase in self-contracted nuclear power product orders, moving beyond single processing orders to a strategic transformation in nuclear power [3]. - Key orders include components for advanced nuclear technologies such as 'Hualong One' and CAP1400 [3]. Group 4: Strategic Partnerships - The company has signed a joint venture agreement with Jinchuan Group, with a registered capital of 1 billion, in which Hailu Heavy Industry holds a 40% stake [4]. - The joint venture focuses on producing and operating products such as nickel sulfate and ternary precursors for new energy power batteries, leveraging Jinchuan Group's resource advantages [4]. Group 5: Future Strategy - The company aims to enhance its profitability and market competitiveness by increasing technological innovation, management efficiency, and optimizing resource allocation [4].

Financial Performance - The company's operating revenue for Q3 2022 was ¥664,910,709.35, representing a 46.67% increase year-on-year[5] - The net profit attributable to shareholders decreased by 18.21% to ¥56,184,401.88 in Q3 2022, while the net profit for the year-to-date increased by 6.11% to ¥199,555,947.44[5] - Total operating revenue for the third quarter reached ¥1,711,014,964.96, an increase of 18.9% compared to ¥1,438,391,112.31 in the same period last year[22] - Net profit for the period was ¥208,152,527.24, representing a 7.4% increase from ¥192,753,386.17 in the previous year[23] - The comprehensive income total for the period was ¥209,463,090.24, up from ¥192,866,218.20, reflecting an increase of 8.6%[24] Cash Flow - The cash flow from operating activities for the year-to-date reached ¥277,233,753.25, a significant increase of 419.04% compared to the same period last year[12] - The net cash flow from operating activities for Q3 2022 was ¥277,233,753.25, a significant increase from ¥53,412,703.32 in Q3 2021, representing a growth of approximately 418%[26] - Total cash inflow from operating activities was ¥1,663,253,455.53, compared to ¥1,330,231,087.34 in the same period last year, indicating an increase of about 25%[26] - Cash outflow from operating activities totaled ¥1,386,019,702.28, up from ¥1,276,818,384.02, reflecting a rise of approximately 8.6%[26] - The net cash flow from investing activities was -¥86,291,088.50, compared to -¥1,255,092.65 in Q3 2021, showing a deterioration in investment cash flow[26] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥5,537,014,896.78, reflecting a 2.26% increase from the end of the previous year[5] - The company's total equity attributable to shareholders increased by 6.64% to ¥3,215,317,167.01 compared to the end of the previous year[5] - The total liabilities decreased to ¥2,274,468,375.93 from ¥2,360,194,359.49, reflecting a reduction of 3.6%[23] - The company’s total liabilities decreased from CNY 2,010,456,768.80 to CNY 1,947,350,332.63, indicating a reduction of about 3.1%[20] Research and Development - Research and development expenses surged by 278.53% to ¥97,231,358.46 for the first nine months of 2022, indicating increased investment in innovation[10] - Research and development expenses surged to ¥97,231,358.46, a significant increase of 278.5% compared to ¥25,686,660.10 in the same period last year[23] Investments - The company reported a 94.29% increase in long-term equity investments to ¥103,785,750.72, primarily due to investments in joint ventures[9] - Long-term equity investments increased to CNY 103,785,750.72 from CNY 53,418,822.16, reflecting a growth of approximately 94.3%[20] - The company reported a net investment income of ¥2,473,981.53, compared to ¥1,825,853.07 in the previous year, indicating a year-on-year increase of 35.7%[23] Shareholder Information - The company disclosed that shares held by major shareholders, including Wu Weiwen and Ju Bao Hang Holdings, are subject to pledges and freezes, impacting liquidity[16] Other Financial Metrics - The basic earnings per share for Q3 2022 was ¥0.0667, down 18.26% year-on-year[5] - Basic and diluted earnings per share were both ¥0.2369, up from ¥0.2233 in the previous year[24] - The company experienced a 106.64% increase in credit impairment losses, amounting to ¥4,125,669.98, due to changes in accounting estimates[10]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,046,104,255.61, representing a 6.20% increase compared to CNY 985,057,963.26 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 143,371,545.56, up 20.11% from CNY 119,369,482.55 year-on-year[19]. - The net cash flow from operating activities reached CNY 135,046,509.11, a significant increase of 639.31% compared to a negative cash flow of CNY -25,040,385.75 in the previous year[19]. - The basic earnings per share increased to CNY 0.1702, reflecting a growth of 20.11% from CNY 0.1417 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 5,443,228,339.94, a slight increase of 0.53% from CNY 5,414,397,790.10 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company rose to CNY 3,158,556,972.79, marking a 4.76% increase from CNY 3,015,092,832.44 at the end of the previous year[19]. - The company reported a significant increase in investment income, which rose by 52.18% to ¥2,302,730.76 from ¥1,513,123.34[59]. - The company reported a total profit of CNY 155,713,333.14, which is a 28.19% increase compared to CNY 121,447,028.11 in the first half of 2021[158]. - The total comprehensive income for the period was CNY 146,318,227.85, up from CNY 122,758,743.37 in the first half of 2021[158]. Business Operations - The company continues to engage in the manufacturing and sales of industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment, with no significant changes in its main business operations[27]. - The company has a leading market share in industrial waste heat boilers, maintaining the top position in the domestic market for over ten years[46]. - The company’s large and special material pressure vessels are essential for modern chemical installations, with design qualifications and manufacturing licenses for A1 and A3 grade pressure vessels[46]. - The company’s subsidiary, Grac Environment, focuses on solid waste treatment and wastewater processing, providing integrated environmental solutions[43]. - The company is actively expanding its market presence in the new energy sector, including the construction and operation of electric vehicle charging stations[76]. Research and Development - In the first half of 2022, the company invested approximately 47.2 million yuan in R&D, resulting in a total of 130 valid patents, including 36 invention patents[51]. - The company plans to continue investing in R&D to drive future growth and innovation[157]. - The company is increasing its focus on innovation and new product development to improve market competitiveness and maintain its position in the industrial waste heat boiler sector[78]. Market Trends and Risks - The boiler industry is experiencing a rising demand due to the low utilization rate of waste heat resources, with large steel enterprises achieving a utilization rate of approximately 30%-50%[28]. - The market is shifting from product competition to solution competition, with companies that provide comprehensive waste heat utilization solutions expected to gain market share[29]. - The company emphasizes the importance of risk awareness regarding macroeconomic risks, market competition risks, and fluctuations in raw material prices[4]. - The company faces risks from macroeconomic fluctuations, which may impact production and sales, and is enhancing its risk management capabilities to address these challenges[77]. Environmental Responsibility - The company strictly adhered to national environmental protection standards, with all pollutants meeting relevant discharge requirements, and no major environmental issues reported[87]. - The company has invested in environmental protection facilities and has been actively improving its pollution control measures[88]. - The company has established an emergency response plan for environmental incidents as required by local environmental authorities[89]. - The company has implemented an environmental self-monitoring plan, utilizing both automatic and manual monitoring methods to ensure compliance with discharge standards[90]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company held its annual general meeting with a participation rate of 16.47% and a temporary shareholders' meeting with a participation rate of 15.43%[81]. - The company has ongoing litigation matters, with a total of 8 cases, none of which have a significant impact on its operations[104]. - The company has not faced any penalties or corrective actions during the reporting period[105]. Financial Health and Assets - The total liabilities decreased to CNY 2,243,826,681.48 from CNY 2,360,194,359.49 at the start of the year, reflecting a reduction of approximately 4.9%[150]. - The total equity attributable to shareholders increased to CNY 3,158,556,972.79 from CNY 3,015,092,832.44, marking an increase of about 4.7%[150]. - The cash and cash equivalents increased to CNY 644,567,789.88, representing 11.84% of total assets, up from 10.77% last year, a change of 1.07%[64]. - The company reported a significant reduction in undistributed profits, now at -¥18,774,339.02, improving by 2.65% from -¥162,145,884.58[64]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[169]. - The company expects a revenue growth rate of 10% for the next fiscal year based on current market trends and strategic initiatives[169]. - The company aims to improve operational efficiency by implementing new management strategies and optimizing resource allocation[169]. - The company has identified potential acquisition targets to enhance its market position and expand its product offerings[169].

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[21] - The net profit attributable to shareholders for 2021 was ¥329,599,084.00, a decrease of 56.61% from ¥759,540,521.71 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥310,872,753.05, which is a 49.39% increase from ¥208,101,555.40 in 2020[21] - Basic earnings per share for 2021 were ¥0.391, a decrease of 56.65% compared to ¥0.902 in 2020[21] - The weighted average return on net assets was 11.58%, down 22.99% from 34.57% in 2020[21] - The company reported a total of CNY 18,726,330.95 in non-recurring gains and losses for 2021, a significant decrease from CNY 551,438,966.31 in 2020[27] - 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%[68] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 31,087,280, marking a 49.39% increase compared to the previous year[65] Cash Flow and Assets - The net cash flow from operating activities was ¥155,824,003.20, down 58.99% from ¥379,974,331.94 in 2020[21] - The net cash flow from operating activities in Q4 2021 was CNY 102,411,299.88, indicating a positive cash flow trend[25] - The company's total assets increased by 11.52% year-on-year to CNY 5,414,397,790.10 as of the end of 2021[22] - The company's inventory increased to approximately ¥1.12 billion, accounting for 20.64% of total assets, reflecting a 1.24% increase in proportion[95] - The company's long-term equity investments remained stable at approximately ¥53 million, representing 0.99% of total assets[95] - The company's retained earnings improved, with a reduction in losses from approximately ¥492 million to approximately ¥162 million, indicating a positive trend in profitability[95] Business Operations and Strategy - The company has undergone changes in its main business, now focusing on industrial waste heat boilers, environmental comprehensive treatment services, and photovoltaic power station operations[20] - The company is positioned to benefit from the increasing demand for energy-efficient and environmentally friendly equipment due to national policies promoting green development[31] - The company operates in the industrial waste heat boiler, large and special material pressure vessels, and nuclear safety equipment manufacturing sectors, as well as providing environmental comprehensive governance services for solid waste and wastewater treatment and recycling, and photovoltaic power station operation[43] - The company is focused on expanding its market presence through mergers and acquisitions in the solid waste treatment sector, aiming to increase market concentration[40] - The company aims to leverage its technological and market advantages to innovate in high-end products and expand its product offerings[53] 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[58] - The company aims to enhance its market position through various R&D projects, including waste heat recovery and waste liquid incineration technologies[88] - The company has successfully completed several R&D projects, which are expected to stabilize wastewater treatment and improve environmental compliance[88] - The company has committed to investing 100 million RMB in R&D for new technologies aimed at improving production efficiency by 30%[182] Market and Industry Outlook - The market for waste heat boilers is expected to grow as the utilization rate of waste heat resources in industries remains low, with potential for improvement[33] - The shift from product competition to solution-based competition in the waste heat boiler industry is becoming more pronounced, enhancing market opportunities for integrated solution providers[33] - The domestic nuclear power installed capacity is projected to reach 170 million kilowatts by 2035, with an annual construction scale of approximately 6 units before 2030[36] - The photovoltaic industry is projected to see a significant increase, with wind and solar power generation expected to account for approximately 11% of total electricity consumption[41] Governance and Management - The company has not changed its controlling shareholder since its listing[20] - The company has a total of 8 current directors and supervisors, with a mix of backgrounds in engineering and finance[129][130] - The company is focused on maintaining stability in its management structure while adapting to market changes[128] - The board made unanimous decisions on significant governance and operational strategies, ensuring timely and efficient decision-making[143] Environmental and Social Responsibility - The company strictly adheres to national environmental protection standards, with all pollution emissions meeting regulatory requirements, and has not faced any major environmental incidents during the reporting period[167] - The company emphasizes its commitment to social responsibility, focusing on employee welfare, environmental protection, and sustainable practices[176] - The company has invested in environmental protection facilities and has implemented a monitoring system to ensure compliance with pollution discharge standards[171] Risks and Challenges - The company faces risks from macroeconomic fluctuations, market competition, and raw material price volatility, which it plans to mitigate through proactive measures[114][115] - The company has not yet achieved the performance commitments as per the compensation agreement, with risks associated with the recoverability of performance compensation due to share pledges and freezes[116] - The company has ongoing litigation involving a claim of RMB 754.89 million against Jiangsu Metallurgical Design Institute, with a judgment already in effect[196] Future Plans - The company plans to achieve a 10%-20% year-on-year growth in operating revenue and net profit for 2022[114] - The company plans to utilize existing financing platforms and manage funds effectively to address future capital needs through self-funding and bank loans[116] - Future projects will focus on photovoltaic poverty alleviation in key provinces as per the national "13th Five-Year Plan" second batch of poverty alleviation projects[177]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥843,903,303.65, a decrease of 19.32% compared to ¥1,046,020,340.26 in the same period last year[18]. - Net profit attributable to shareholders increased by 292.08% to ¥568,361,542.12 from ¥144,961,535.82 year-on-year[18]. - Basic earnings per share rose by 292.10% to ¥0.6748, up from ¥0.1721 in the same period last year[18]. - The company achieved total operating revenue of CNY 843.90 million in the first half of 2020, a decrease of 19.32% compared to CNY 1,046.02 million in the same period last year, primarily due to the stagnation of the photovoltaic EPC business[50]. - Net profit attributable to shareholders of the parent company reached CNY 568.66 million, a significant increase of 292.03% year-on-year, driven by the reversal of excess losses from the disposal of Jiangnan Integrated Technology Co., Ltd.[51]. - The total comprehensive income attributable to the parent company for the first half of 2020 was CNY 568.66 million, compared to CNY 145.06 million in the same period of 2019[178]. - The company reported a net loss attributable to shareholders of 1,840 million yuan for the current period[192]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 164.93%, reaching ¥217,468,067.54, compared to a negative cash flow of ¥334,946,954.63 in the previous year[18]. - The company's cash and cash equivalents at the end of the reporting period were approximately ¥485.00 million, representing 10.58% of total assets[59]. - The company reported a significant investment income of CNY 560.65 million, compared to CNY 4.28 million in the previous year, highlighting strong performance in investments[174]. - The company's operating cash flow for the first half of 2020 was CNY 217.47 million, a significant improvement from a negative cash flow of CNY 334.95 million in the first half of 2019[182]. - The cash inflow from operating activities included CNY 632,751,233.57 from sales of goods and services, compared to CNY 621,490,834.31 in the previous year[185]. - The net increase in cash and cash equivalents for the first half of 2020 was CNY -23,133,861.01, compared to a decrease of CNY -323,848,289.52 in the same period of 2019[183]. Assets and Liabilities - The company's total assets decreased by 6.63% to ¥4,583,288,177.01 from ¥4,908,972,515.17 at the end of the previous year[18]. - The company's total liabilities decreased to CNY 2,057,406,107.64 from CNY 3,106,560,725.59, reflecting a decline of about 33.8%[165]. - The company's current assets totaled CNY 2,672,748,739.84, down from CNY 2,816,990,243.64 at the end of 2019, indicating a decline of approximately 5.1%[164]. - The total amount of external guarantees approved during the reporting period was 41.918 million yuan, with an actual guarantee balance of 5.83752 million yuan, representing 2.33% of the company's net assets[121]. Business Operations and Strategy - The company is engaged in the manufacturing and sales of industrial waste heat boilers, large and special pressure vessels, and nuclear safety equipment, as well as environmental remediation services[26]. - The company aims to enhance its profitability by focusing on technological innovation and expanding its product offerings in the waste heat recovery sector[29]. - The environmental remediation services sector is experiencing rapid growth due to stricter regulations and increased demand for hazardous waste treatment[35]. - The company has initiated multiple projects in collaboration with industries such as petrochemicals and metallurgy, focusing on waste heat recovery and hazardous waste incineration, achieving positive results[42]. - The company plans to leverage its advantages in the industrial waste heat boiler sector to expand its market presence post-pandemic[48]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[179]. Research and Development - Research and development expenses increased by 56.43% to CNY 17.21 million, reflecting the company's commitment to enhancing its technological capabilities[50]. - The company is actively engaged in the research and development of new technologies, including solar photovoltaic products and energy storage systems[78]. - The company has actively upgraded its wastewater treatment technology to enhance treatment capacity and discharge standards[45]. Legal and Compliance Issues - The company is actively addressing litigation matters related to its subsidiary, Jiangnan Integrated Technology Co., Ltd., which has faced multiple debt defaults and potential penalties totaling 10.14 million RMB[97]. - The company has ongoing litigation involving Jiangsu Metallurgical Design Institute with a claim amount of 7.5489 million yuan, which has not formed an estimated liability[100]. - Jiangnan Integration has pending civil judgments totaling approximately 400 million CNY for various construction contract disputes[102]. - The company is facing various legal disputes that may impact its financial position and operational strategy moving forward[102][103]. Shareholder and Equity Information - The company has committed to a share buyback plan with a total investment not less than 5 million RMB and not exceeding 10 million RMB, which is expected to be completed by November 6, 2020[93]. - The total number of shares increased from 842,271,055 to 842,271,055, with a slight increase in the proportion of restricted shares from 23.18% to 23.51%[142]. - The company has implemented measures to freeze shares held by performance compensation obligors to protect the interests of the company and minority shareholders[138]. Environmental and Social Responsibility - The company is involved in environmental protection and has complied with national standards, with no major environmental issues reported[128]. - The company is actively participating in the national "Thirteenth Five-Year" photovoltaic poverty alleviation project[134]. - The company has established an environmental self-monitoring plan and is conducting regular monitoring of pollutant emissions[131].

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].