Financial Performance - The company's revenue for Q3 2022 was ¥1,052,190,222.81, a decrease of 18.22% compared to the same period last year[5]. - Total operating revenue for Q3 2022 was ¥3,058,160,082.17, a decrease of 14.1% compared to ¥3,562,662,366.39 in Q3 2021[22]. - Net profit for Q3 2022 was ¥208,071,409.93, a decline of 12.4% from ¥237,549,459.62 in Q3 2021[23]. - Net profit attributable to shareholders was ¥73,794,856.79, down 9.76% year-on-year[5]. - Basic and diluted earnings per share decreased to CNY 0.29 from CNY 0.33 year-over-year[24]. - Basic earnings per share decreased by 16.67% to ¥0.10[5]. Assets and Liabilities - Total assets increased by 1.22% to ¥6,592,353,457.81 compared to the end of the previous year[5]. - Total assets increased to ¥6,592,353,457.81 in Q3 2022, compared to ¥6,512,855,123.78 in Q3 2021, reflecting a growth of 1.2%[20]. - Total liabilities decreased to ¥2,907,817,843.06 in Q3 2022 from ¥3,022,452,961.39 in Q3 2021, a reduction of 3.8%[20]. - The total current assets as of September 30, 2022, amount to 4,887,110,446.51 yuan, slightly down from 4,903,149,198.82 yuan at the beginning of the year[18]. Cash Flow - Cash flow from operating activities increased by 31.89% to ¥161,546,447.27 year-to-date[5]. - Net cash flow from operating activities increased to CNY 161.55 million, up from CNY 122.49 million in the same period last year[26]. - Cash inflow from operating activities totaled CNY 3.25 billion, compared to CNY 3.01 billion in the previous year, indicating a growth of approximately 7.8%[25]. - Cash outflow for operating activities was CNY 3.08 billion, an increase from CNY 2.89 billion year-over-year[25]. - Net cash flow from investing activities was negative CNY 377.05 million, worsening from negative CNY 35.37 million in the previous year[26]. - Cash inflow from financing activities was CNY 606.77 million, compared to CNY 366.03 million in the previous year, showing a significant increase of approximately 65.7%[26]. - The ending cash and cash equivalents balance was CNY 225.92 million, up from CNY 168.66 million year-over-year[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,412[14]. - The largest shareholder, Cai Yongtai, holds 18.00% of shares, totaling 128,984,033 shares, with 55,600,000 shares pledged[14]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 22%[14]. - The number of shares held by the top ten unrestricted shareholders totals 139,164,033 shares[16]. - The company has not engaged in any financing or securities lending activities among the top ten shareholders[16]. - The company has a strategy to maintain stability and sustainable development, ensuring that Cai Yongtai remains the actual controller[16]. Investment and Expenses - Investment income rose by 36.56% due to increased returns from joint ventures and bank wealth management products[11]. - Investment income for Q3 2022 was ¥22,093,928.27, an increase of 36.5% from ¥16,178,507.88 in Q3 2021[23]. - Research and development expenses were ¥124,962,316.64, slightly down from ¥125,161,580.88 in Q3 2021, indicating stable investment in innovation[22]. - Financial expenses increased by 163.68% due to interest expenses from newly issued convertible bonds[11]. Inventory and Other Financial Metrics - The company’s inventory decreased by 38.00% due to the cancellation of restricted stock options[11]. - The company has a total of 332,864,541.16 yuan in trading financial assets as of September 30, 2022, compared to 112,329,161.90 yuan at the beginning of the year[18]. - The company’s cash and cash equivalents decreased by 37.23% to ¥362,000,000.00, primarily due to reduced notes payable and increased investments in bank wealth management products[9]. - The company's cash and cash equivalents were not explicitly detailed, but the overall financial position indicates a focus on managing liquidity amid declining revenues[20]. - The report for the third quarter was not audited[27].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 10%[19]. - The net profit attributable to shareholders was 300 million RMB, an increase of 15% compared to the same period last year[19]. - The company's operating revenue for the reporting period was ¥2,005,969,859.36, a decrease of 11.86% compared to the same period last year[25]. - Net profit attributable to shareholders was ¥135,583,563.58, down 9.93% year-on-year[25]. - The company aims for a revenue growth target of 15% for the full year 2022[19]. - The company reported a total revenue of 2,356.9 million for the first half of 2022, showing a significant increase compared to the previous year[118]. - The company reported a total revenue of 40,691 million for the first half of 2022, reflecting a significant increase compared to the previous year[120]. - The company reported a total revenue of 27,196.39 million, reflecting a growth of 3.78% compared to the previous period[137]. - The company reported a total revenue of 720.4 million yuan, representing a year-on-year increase of 6.39%[194]. - The company reported a total comprehensive income of ¥133,766,806.59 for the first half of 2022, compared to ¥117,863,079.64 in the same period of 2021, reflecting an increase of about 13.5%[171]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[19]. - The company is actively pursuing market expansion strategies, targeting new geographical regions to enhance its footprint[118]. - The company plans to actively explore new markets and enhance regional market share to mitigate the impact of potential economic downturns due to COVID-19[70]. - The company is expanding its market presence in Southeast Asia, targeting a 20% increase in sales in that region by the end of 2023[120]. - The company plans to expand its market presence by launching new products in the upcoming quarter[184]. - The company aims to enhance its operational efficiency and profitability through strategic mergers and acquisitions[1]. Research and Development - The company has invested 100 million RMB in R&D for new technologies, focusing on sustainable materials and processes[19]. - The company allocated 1,300 million for research and development in 2022, emphasizing its commitment to innovation[118]. - Research and development expenses increased by 4.67% to ¥80,083,604.10, compared to ¥76,509,202.31 in the previous year[42]. - The company has allocated 75 million yuan for research and development in new technologies, aiming to enhance product offerings[190]. - The company has implemented an "Internet + ERP + OA" information management system to achieve real-time business activity management[39]. Profitability and Cost Management - The company maintains strong profitability despite a competitive market, showcasing its endless exploration spirit and innovative capabilities[35]. - The gross profit margin for the new building materials segment is 17.67%, down from 19.35% in the previous year, with revenue decreasing by 15.97%[46]. - The company reported a 10% increase in gross margin, attributed to improved production processes and cost management[118]. - The company aims to reduce production costs by 8% through operational efficiencies in the next quarter[120]. - The company emphasizes a strategy of "product + service" pricing to mitigate the impact of raw material price volatility on profitability[71]. Cash Flow and Financial Position - The net cash flow from operating activities increased significantly by 205.32%, reaching ¥144,125,375.19[25]. - The net cash flow from operating activities increased significantly by ¥280,964,905.26, resulting in a net cash flow of ¥144,125,375.19, compared to a negative cash flow of -¥136,839,530.07 last year[42]. - The company reported a significant increase in cash and cash equivalents, with a net decrease of -¥58,516,121.25, compared to an increase of ¥768,609.85 in the previous year, reflecting a 7,713.24% change[42]. - The company’s current ratio improved by 11.45% to 1.85 compared to the previous year[157]. - The company’s operating cash flow remains stable, and it has sufficient bank credit lines to support financing needs[154]. Environmental and Compliance - The company reported a total nitrogen discharge of 2.55 mg/L, which complies with the GB/T standard for urban wastewater quality[84]. - The company achieved a sulfur dioxide emission concentration of 12 mg/m³, well below the GB13271-2014 standard[84]. - The company has implemented effective pollution control measures, including a "soda absorption tower" and "VOC treatment" for process exhaust[85]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[91]. - The company has set up emergency pools and drainage channels to manage potential hazardous waste spills effectively[85]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[76]. - The company distributed a cash dividend of 0.80 RMB per 10 shares to all shareholders based on a total share capital of 720,230,406 shares[150]. - The company has a total guarantee amount exceeding 50% of net assets, which is recorded as 0[122]. - The total number of shares held by the actual controller Cai Yongtai is 178,736,636, accounting for 24.94% of the total share capital of the company[138]. - The company has repurchased and canceled 771,000 restricted shares from former incentive recipients and an additional 2,869,200 shares from 59 other incentive recipients due to unmet vesting conditions[151]. Legal and Regulatory Matters - The semi-annual financial report was not audited[99]. - There were no significant litigation or arbitration matters during the reporting period[101]. - The company has made provisions for bad debts totaling 1,909.75 million CNY related to overdue payments from China Construction Sixth Engineering Division Corp[102]. - The company has recognized bad debt provisions totaling approximately 320.47 million for overdue payments from China Railway 11th Bureau Group Co., Ltd. and has initiated legal proceedings[104]. Future Outlook - The company provided a future outlook with a revenue guidance of 3,000 million for the upcoming quarter, reflecting a growth target of approximately 27.3%[118]. - The company has set a future revenue guidance of 4 billion for the next fiscal year, representing a growth target of 15%[184]. - Future guidance indicates a continued upward trend in revenue and profitability, supported by ongoing market expansion efforts[196].

Financial Performance - The company's revenue for 2021 was CNY 4,917,751,276.18, representing a 27.05% increase compared to CNY 3,870,737,292.78 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 271,901,349.50, a decrease of 27.00% from CNY 372,452,181.14 in 2020[23]. - The net profit after deducting non-recurring gains and losses was CNY 240,253,111.69, down 29.48% from CNY 340,681,779.88 in the previous year[23]. - The company's total assets increased by 19.57% to CNY 6,512,855,123.78 at the end of 2021, compared to CNY 5,446,807,041.96 at the end of 2020[23]. - The basic earnings per share for 2021 was CNY 0.38, a decline of 29.63% from CNY 0.54 in 2020[23]. - The weighted average return on equity decreased to 8.19% in 2021 from 12.41% in 2020, reflecting a drop of 4.22 percentage points[23]. - The net cash flow from operating activities for 2021 was CNY 321,576,270.71, a slight decrease of 0.23% compared to CNY 322,325,108.68 in 2020[23]. - The company reported a quarterly revenue of CNY 1,355,088,909.79 in Q4 2021, contributing to a total annual revenue of CNY 4,917,751,276.18[27]. - The net profit attributable to shareholders in Q4 2021 was CNY 39,599,967.20, showing a decline compared to previous quarters[27]. Dividend Distribution - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares to all shareholders, based on a total of 720,230,406 shares[5]. - The company has not proposed any stock bonus or capital reserve conversion to increase share capital[5]. - The distributable profit available for shareholders at the end of the reporting period was RMB 236,394,943.87[140]. Risk Factors - The company faces various risks including pandemic recurrence, market conditions, raw material price fluctuations, labor costs, and industry competition[5]. - The report includes a detailed analysis of potential risks in the future development outlook section[5]. - Potential risks include the impact of recurring COVID-19 outbreaks, which could affect macroeconomic conditions and company performance[98]. - The company plans to mitigate market downturn risks by leveraging its established regional market presence and developing new business lines[98]. - Fluctuations in raw material prices due to environmental policies may pose cost control challenges, prompting the company to enhance technological innovation[99]. - The company is addressing rising human resource costs by improving operational efficiency and automation[99]. Market Position and Expansion - The company has established a total production capacity of 138.9 million tons for concrete additives by the end of 2021, positioning itself as a leader in the industry[33]. - The company operates in 16 provinces and municipalities in China, as well as in the Philippines, indicating significant market expansion[33]. - The company has achieved the highest market share in concrete additives in several provinces, including Fujian, Guizhou, and Chongqing[33]. - The company aims to enhance its market share in the concrete additives sector, particularly in the Yangtze River Delta, Pearl River Delta, and Southwest regions[95]. - The company achieved a market share expansion in 20 provinces and municipalities, particularly in the Yangtze River Delta and Pearl River Delta regions[43]. Research and Development - The company has established a robust research and development base covering 37 acres, with a research building area of nearly 20,000 square meters, supporting its innovation strategy[38]. - The company has formed a comprehensive research system involving its technology and information center and various subsidiaries, fostering innovation and technological advancement[38]. - The company added 125 new technology projects and received 2 new technology awards during the reporting period[44]. - The number of authorized effective patents increased to 435, with 71 new patents granted in 2021[45]. - The company has established a new research and development cooperation platform with Fuzhou University, increasing its total technology platforms to 20[46]. Governance and Compliance - The financial report has been confirmed by the board and management to be true, accurate, and complete[4]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring no non-operational fund transfers occurred during the reporting period[111]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[108]. - The company has established a robust internal governance structure with specialized committees, including a nomination committee, audit committee, and compensation committee, all led by independent directors[108]. - The company emphasizes transparency and timely information disclosure, adhering to relevant laws and regulations to protect shareholder rights[109]. Employee and Management - The total number of employees at the end of the reporting period was 2,932, with 1,139 in technical roles and 399 in sales[134][135]. - The total employee compensation accounted for 4.29% of the company's operating costs during the reporting period[136]. - The company has implemented a performance management system to ensure fair compensation and align employee performance with corporate goals[136]. - The company has a stock incentive plan in place, with 10,595,000 shares granted to 66 individuals as part of its 2020 stock incentive plan[143]. - The company has a strong focus on performance evaluation for its management team, with assessments conducted annually[122]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with specific emissions monitored and reported[154]. - The company reported a total nitrogen level of 2.55 mg/L and ammonia nitrogen level of 2.62 mg/L in wastewater, adhering to the relevant discharge standards[155]. - The company has received multiple environmental permits, including a wastewater discharge permit valid from November 15, 2018, to November 14, 2023[156]. - The company emphasizes a commitment to energy conservation and environmental protection, implementing a circular economy model focused on "low consumption, low emissions, and high efficiency" to achieve clean emissions[165]. Legal Matters - The company has initiated litigation against multiple clients for overdue payments, including amounts of 376.38 million CNY, 363.02 million CNY, and 340.47 million CNY, with no significant impact on overall business performance reported[194]. - The company has filed a lawsuit against Jiangxi Saifan New Materials Co., Ltd. for overdue payments of 4.36 million yuan, with no significant impact on the company's performance expected[192]. - The company has initiated litigation against Chongqing Hanxin New Building Materials Co., Ltd. for overdue payments of 5.00 million yuan, with the case currently awaiting trial[192].

Financial Performance - The company's revenue for Q1 2022 was ¥882,634,001.01, a decrease of 0.92% compared to ¥890,823,979.69 in the same period last year[3] - Net profit attributable to shareholders was ¥55,459,770.48, down 23.16% from ¥72,177,106.63 year-on-year[3] - Total operating revenue for Q1 2022 was ¥882,634,001.01, a decrease of 0.21% from ¥890,823,979.69 in Q1 2021[20] - Net profit for Q1 2022 was ¥56,009,097.12, down 24.3% from ¥73,820,684.87 in the same period last year[22] - The total comprehensive income for the period was CNY 49,340,867.05, compared to CNY 41,506,120.66 in the previous period, representing an increase of approximately 19.5%[23] - The basic and diluted earnings per share were both CNY 0.08, down from CNY 0.10 in the previous period, indicating a decrease of 20%[23] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥2,492,867.33, a 97.74% increase compared to -¥110,194,005.01 in the previous year[3] - Cash inflow from operating activities totaled CNY 1,034,548,731.64, up from CNY 865,083,642.85 in the previous period, indicating a growth of about 19.6%[25] - The net cash flow from investing activities was CNY -174,054,771.37, compared to a positive CNY 31,658,788.39 in the previous period, reflecting a decline in investment returns[26] - The net cash flow from financing activities was CNY 64,241,646.51, down from CNY 95,754,114.58 in the previous period, showing a decrease of approximately 32.8%[26] - The company reported cash outflows from operating activities totaling CNY 1,037,041,598.97, compared to CNY 975,277,647.86 in the previous period, an increase of approximately 6.3%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,494,582,045.03, a slight decrease of 0.28% from ¥6,512,855,123.78 at the end of the previous year[3] - Total liabilities decreased to ¥2,959,494,942.62 from ¥3,022,452,961.39, a reduction of 2.09%[18] - The company's cash and cash equivalents increased to ¥146,228,381.40 from ¥112,329,161.90, a growth of 30.19%[17] - Accounts receivable decreased to ¥3,118,242,391.01 from ¥3,141,605,286.94, a decline of 0.74%[17] Equity and Investments - The total equity attributable to shareholders increased by 1.49% to ¥3,463,552,165.08 from ¥3,412,570,824.06 at the end of the previous year[3] - The company reported an investment income of ¥8,057,302.21, up from ¥6,510,374.76, reflecting a growth of 23.8%[22] - The company approved the public issuance of convertible bonds totaling RMB 396.3 million, with a maturity of 6 years[11] - The total investment for the projects funded by the raised capital is estimated at RMB 725.96 million[12] Operational Highlights - The company experienced a 30.18% increase in trading financial assets, totaling an increase of ¥33,899,219.50 due to the purchase of bank wealth management products[6] - Short-term borrowings increased by 62.30%, amounting to an increase of ¥140,577,978.10, primarily due to new bank loans[6] - The weighted average return on net assets decreased to 1.61%, down 0.61% from 2.22% in the same period last year[3] - The company recorded a significant decrease of 99.33% in non-operating income, totaling a reduction of ¥4,502,645.96, primarily due to the previous year's performance compensation recognition[6] - Research and development expenses rose to ¥36,791,606.49, an increase of 17.0% compared to ¥31,199,627.49 in the previous year[20] Future Plans - The company aims to enhance its market position through the development of new products and technologies in the concrete additive sector[12] - The company has extended the validity period for the bond issuance resolution by an additional 12 months[11] - The company is committed to maintaining stable operations and sustainable development through strategic shareholder agreements[10]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,286,653,224.11, representing a 21.53% increase year-over-year, and a total revenue of ¥3,562,662,366.39 for the year-to-date, up 38.68% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥81,777,893.45, a decrease of 24.57% year-over-year, with a year-to-date net profit of ¥232,301,382.30, down 18.00% compared to the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.12, a decline of 25.00% year-over-year, while the diluted earnings per share also stood at ¥0.12, reflecting the same percentage decrease[3] - Net profit for the current period was ¥237,549,459.62, a decrease of 17.6% from ¥288,327,265.17 in the previous period[24] - Basic and diluted earnings per share were both ¥0.33, down from ¥0.41 in the prior period[25] Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥6,363,495,088.27, marking a 16.83% increase from the end of the previous year[3] - The company's total liabilities reached RMB 2.94 billion, compared to RMB 2.16 billion at the end of 2020, reflecting an increase of approximately 36%[20] - The total cash and cash equivalents at the end of the period were 168,663,165.46 CNY, down from 221,306,899.22 CNY at the beginning of the period, representing a decrease of about 23.8%[28] - The total assets increased from 5,446,807,041.96 CNY to 5,484,108,792.51 CNY, reflecting a growth of approximately 0.68%[32] - The total liabilities rose from 2,164,547,864.70 CNY to 2,201,849,615.25 CNY, an increase of about 1.73%[32] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥122,486,729.70, reflecting a decrease of 15.73% compared to the previous year[3] - Cash flow from operating activities increased to ¥122,486,729.70, compared to ¥145,355,680.27 in the previous period, indicating a decline in cash generation[27] - The net cash flow from financing activities was -139,749,476.26 CNY, compared to -86,563,836.53 CNY in the previous year, indicating a decline of approximately 61.5%[28] Shareholder Information - Total number of common shareholders at the end of the reporting period was 25,026[14] - The largest shareholder, Cai Yongtai, holds 17.90% of shares, totaling 128,984,033 shares, with 104,373,025 shares pledged[14] - The second-largest shareholder, Li Xiaobin, holds 3.17% of shares, totaling 22,845,025 shares[14] - The top ten shareholders include various investment funds, with the largest fund holding 2.99% of shares, totaling 21,577,898 shares[14] Investments and Expenses - Research and development expenses increased by ¥29,487,287.38, a rise of 30.82%, indicating a commitment to enhancing R&D investments[12] - The company reported a credit impairment loss of ¥44,948,475.77, worsening from a loss of ¥36,379,553.64 in the previous period[24] - The company plans to invest RMB 39.63 million from the bond issuance into various projects, including a high-performance concrete additive production base project with a total investment of RMB 12.5 million[17] Other Information - The report indicates that the company has signed action agreements with major shareholders to ensure stable management and decision-making[16] - The company is focused on maintaining the position of Cai Yongtai as the actual controller without seeking to become a controlling shareholder[16] - The report does not provide specific financial performance metrics or future guidance[15] - There is no mention of new product development or market expansion strategies in the provided content[15] - The company has not disclosed any mergers or acquisitions in the current reporting period[15] - The third quarter report was not audited, which may affect the reliability of the financial data presented[34]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders for the same period was RMB 200 million, up 10% compared to the previous year[17]. - The company's operating revenue for the reporting period was ¥2,276,009,142.28, representing a 50.70% increase compared to ¥1,510,284,207.29 in the same period last year[22]. - The net profit attributable to shareholders decreased by 13.92% to ¥150,523,488.85 from ¥174,868,067.09 year-on-year[22]. - The company reported a basic earnings per share of ¥0.21, down 16.00% from ¥0.25 in the same period last year[22]. - The company's revenue for the first half of 2021 reached ¥2,276,009,142.28, representing a 50.70% increase compared to ¥1,510,284,207.29 in the same period last year[40]. - The gross profit margin for the first half of 2021 was reported at 45%, down from 55% in the previous year, reflecting increased production costs[115]. - The company reported a net profit of CNY 19,259,632.83 from its subsidiary Jianyan Testing Group, with a revenue of CNY 134,681,053[62]. - The company reported a significant increase in investment income, which was CNY 3,477,978.43 in the first half of 2021, compared to CNY 152,014,593.14 in the same period of 2020[163]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2022[17]. - A new product line is expected to launch in Q4 2021, projected to contribute an additional RMB 300 million in revenue[17]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the industry[17]. - The company is actively pursuing market expansion through diverse marketing strategies and a well-established network[35]. - The company plans to expand its market presence through strategic acquisitions and new product launches in the upcoming quarters[175]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive growth[184]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling RMB 150 million, focusing on new product innovations[17]. - The company has established a comprehensive research and development system, with a research base covering 37 acres and a building area of nearly 20,000 square meters[35]. - The company has invested 500 million in R&D for new technologies, aiming to improve product efficiency and reduce costs by 10%[116]. - Research and development expenses for the first half of 2021 were CNY 76,509,202.31, up from CNY 60,089,747.63 in the same period of 2020, marking an increase of about 27.3%[158]. Financial Health and Risks - The company faces risks including market volatility and raw material price fluctuations, which may impact future performance[5]. - The company has committed to enhancing cost advantages through technological innovation and refined management to mitigate the impact of raw material price fluctuations[66]. - The debt-to-equity ratio has increased to 1.5, indicating a higher leverage position compared to 1.2 in the previous year, which may impact future financing options[115]. - The company is facing risks related to market conditions, raw material price volatility, and labor costs, and is implementing strategies to address these challenges[65][66]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[78]. - The company has implemented effective pollution control measures, including a "soda absorption tower" and "VOC treatment" for process waste gas[79]. - The company’s nitrogen oxides emissions are regulated to a maximum of 200 mg/m3, with no exceedances reported[78]. - The company’s total nitrogen discharge limit is set at 300 mg/L, adhering to national standards[79]. - The company’s noise emissions are compliant with standards, maintaining daytime levels at ≤65 dB and nighttime levels at ≤55 dB[79]. - The company’s environmental monitoring includes regular assessments of volatile organic compounds and particulate matter emissions[79]. Shareholder and Governance Structure - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with various functional departments[197]. - The company has a total of 58 subsidiaries, enhancing its operational capabilities in the construction sector[197]. - The company’s stock incentive plan was approved by the board and shareholders, ensuring alignment with long-term growth strategies[127]. - The company has established action agreements among major shareholders to maintain stability and avoid control disputes[134]. Financial Reporting and Compliance - The financial statements were approved by the board of directors on August 20, 2021, indicating a commitment to transparency and regulatory compliance[198]. - The financial reporting process includes recognition and measurement of transactions as per established standards[200]. - The company ensures the accuracy of financial information in compliance with regulatory requirements[200]. - The half-year financial report has not been audited[97].

Financial Performance - Revenue for Q1 2021 reached ¥890,823,979.69, representing a 96.54% increase compared to ¥453,247,465.15 in the same period last year[9] - Net profit attributable to shareholders was ¥72,177,106.63, up 36.43% from ¥52,904,936.08 year-on-year[9] - Basic earnings per share increased by 25.00% to ¥0.10 from ¥0.08 in the previous year[9] - The company's operating revenue increased by CNY 437,576,514.54, a growth of 96.54% compared to the same period last year, primarily due to growth in the additive and testing businesses[18] - The total operating revenue for the first quarter of 2021 was CNY 890,823,979.69, a significant increase of 96.7% compared to CNY 453,247,465.15 in the same period last year[42] - The net profit for the first quarter was CNY 73,820,684.87, representing a 37.1% increase from CNY 53,832,668.34 in the previous year[44] - The earnings per share (EPS) for the period was CNY 0.10, compared to CNY 0.08 in the same quarter last year, indicating a growth of 25.0%[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,450,078,800.66, a slight increase of 0.06% from ¥5,446,807,041.96 at the end of the previous year[9] - The total assets increased from ¥5,446,807,041.96 to ¥5,484,108,792.51, reflecting an adjustment of ¥37,301,750.55 due to the new leasing standards[57] - The total liabilities rose from ¥2,164,547,864.70 to ¥2,201,849,615.25, with a significant increase in non-current liabilities due to the new leasing standards[58] - The total liabilities decreased to CNY 240,552,513.34 from CNY 255,957,071.04, a reduction of 6.0%[40] - The total liabilities decreased to CNY 2,116,083,505.45 from CNY 2,164,547,864.70, representing a reduction of about 2.24%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,564[12] - The largest shareholder, Cai Yongtai, holds 19.32% of the shares, with 139,164,033 shares pledged[13] - The total number of shares with voting rights held by Cai Yongtai is 214,734,636, accounting for 29.80% of the total share capital of the company[15] - The top ten unrestricted shareholders include Cai Yongtai with 34,791,008 shares and China Everbright Bank with 30,359,907 shares[14] - The company has a total of 19 founding shareholders who support Cai Yongtai's position as the actual controller[14] Cash Flow - The net cash flow from operating activities was negative at -¥110,194,005.01, an improvement from -¥119,566,136.48 in the previous year[9] - The cash flow from operating activities showed a net outflow of CNY 110,194,005.01, slightly improved from a net outflow of CNY 119,566,136.48 in the previous year[51] - The net cash flow from investment activities decreased by CNY 59,578,582.27, a decline of 65.30%, primarily due to a reduction in cash received from redeeming bank wealth management products[18] - The total cash inflow from financing activities was CNY 179,956,311.92, compared to CNY 78,204,276.40 in the previous year, reflecting an increase of approximately 130.0%[52] Expenses - Operating costs rose by CNY 388,459,739.76, an increase of 120.34%, attributed to revenue growth and rising raw material prices[18] - Research and development expenses increased by CNY 7,237,730.89, a growth of 30.21%, due to increased R&D investment during the reporting period[18] - The company’s management expenses increased by CNY 11,692,884.32, a growth of 48.87%, primarily due to increased costs related to the stock incentive plan[18] - The company’s financial expenses increased by CNY 617,067.76, attributed to the first-time implementation of new leasing standards and increased interest expenses from loans[18] New Standards and Adjustments - The company adjusted its retained earnings and other financial statement items in accordance with the new leasing standards effective January 1, 2021[59] - The company executed the new leasing standards, impacting the financial statements and requiring adjustments to the balance sheet[59] - The company has implemented the new leasing standards effective January 1, 2021, impacting the accounting treatment of leased assets[62] Other Information - The company has implemented measures to ensure the stability and sustainable development of its operations[14] - The first quarter report for 2021 has not been audited[63]

Dividend Distribution - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares to all shareholders, based on a total of 720,490,406 shares[5]. - The proposed cash dividend for 2020 is RMB 0.8 per 10 shares, based on a total share capital of 720,490,406 shares, amounting to an expected total cash dividend of RMB 57,639,232.48[119]. - The cash dividend distributed in 2020 represents 15.48% of the net profit attributable to shareholders, compared to 13.77% in 2019 and 19.46% in 2018[117]. - The company has consistently executed its cash dividend policy to protect the rights of minority investors[114]. - The company did not propose any stock dividends for the reporting period, maintaining a focus on cash dividends[117]. - The company’s cash dividend policy is compliant with its articles of association and shareholder resolutions[114]. - The company plans to carry forward the remaining undistributed profit of RMB 222,944,606.75 to the next fiscal year[119]. Financial Performance - The company's operating revenue for 2020 was approximately ¥3.87 billion, representing a 14.06% increase compared to ¥3.39 billion in 2019[20]. - The net profit attributable to shareholders for 2020 was approximately ¥372.45 million, a decrease of 7.45% from ¥402.44 million in 2019[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥340.68 million, down 9.35% from ¥375.81 million in 2019[20]. - The net cash flow from operating activities for 2020 was approximately ¥322.33 million, an increase of 4.55% from ¥308.30 million in 2019[20]. - The total assets at the end of 2020 were approximately ¥5.45 billion, a 22.43% increase from ¥4.45 billion at the end of 2019[20]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥3.21 billion, up 13.39% from ¥2.83 billion at the end of 2019[20]. - The basic earnings per share for 2020 were ¥0.54, a decrease of 6.90% from ¥0.58 in 2019[20]. - The weighted average return on net assets for 2020 was 12.41%, down from 15.26% in 2019[20]. - The company reported a total of ¥31.77 million in non-recurring gains for 2020, compared to ¥26.63 million in 2019[26]. Governance and Compliance - The financial report is confirmed to be true, accurate, and complete by the company's management, including the CEO and accounting head[4]. - The company has a comprehensive governance structure, including a board of directors and a supervisory board[4]. - The company is committed to maintaining transparency and accountability in its financial reporting practices[4]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[120]. - The company has committed to strict compliance with the 2017 restricted stock incentive plan, ensuring no financial assistance is provided to incentive objects[125]. Risks and Challenges - The company acknowledges various risks including pandemic recurrence, market conditions, raw material price fluctuations, labor costs, and industry competition[5]. - The company faces risks from potential COVID-19 resurgences, which could impact macroeconomic conditions and its performance[105]. - The company is exposed to market sentiment risks, as its performance is closely tied to national infrastructure and real estate investments[106]. - The company anticipates fluctuations in raw material prices due to environmental policies affecting the domestic chemical industry[106]. - The company will enhance automation and improve operational efficiency to mitigate rising human resource costs[106]. Business Operations and Segments - The company's construction technology services and new materials for additives are its two main business segments, with a strong presence across 17 provinces and regions in China, as well as in Malaysia and the Philippines[30]. - The company's subsidiary, Jianyan Testing Group, has established itself as the largest and most qualified construction quality testing enterprise in Fujian Province, with various high-level qualifications[36]. - The company's new materials subsidiary, Kezhijie New Materials Group, is recognized as a leading enterprise in the concrete additives industry, providing over 100 types of concrete additives and related products[31]. - The company's innovative approach includes transforming traditional business models through the integration of "Internet+" into its construction services[34]. - The company aims to leverage its strong qualifications and technical services to enhance its competitive edge and market presence[34]. Research and Development - The company established a research and development base covering 37 acres, with a building area of nearly 20,000 square meters[41]. - The company has formed a comprehensive research system involving multiple engineering technology centers and innovation platforms[41]. - R&D investment increased by 22.79% to ¥152,109,619.62 in 2020, accounting for 3.93% of operating revenue[71]. - The number of R&D personnel rose by 37.13% to 373, representing 14.07% of the total workforce[71]. - The company launched 139 new technology projects and received 4 new technology awards during the reporting period, bringing the total technology awards to 60[48]. Market Expansion and Future Outlook - The company aims to increase market share in the Chongqing and Hainan regions to 10% and in Shanghai to 5% by leveraging its platform advantages[100]. - The company plans to expand its new materials market, focusing on key development areas such as the Yangtze River Delta and the Greater Bay Area[100]. - The company anticipates a continued increase in domestic infrastructure investment, which is expected to drive growth in the construction materials industry[97]. - The company provided a future outlook, projecting a revenue growth of 10-15% for the next fiscal year, driven by new product launches and market expansion strategies[123]. - The company is committed to integrating technology and innovation into its operations, aiming to become a leading provider of new materials and technologies in the industry[99]. Subsidiaries and Acquisitions - The company acquired 100% equity of Shenzhen Testing Group on April 30, 2020, marking a significant change in the consolidation scope[65]. - The company established several new subsidiaries in 2020, including Shenzhen KZJ New Materials Co., Ltd. and Anhui KZJ New Materials Co., Ltd.[66]. - The company established a new subsidiary, Anhui Kezhijie New Materials Co., Ltd., on December 9, 2020, with 100% ownership[145]. - The company issued 17,452,006 new shares through a private placement to its actual controller, Cai Yongtai, which were listed on December 28, 2020[199]. Legal and Financial Management - The company has ongoing litigation involving amounts such as 697.41 million CNY related to Beijing Kanglian Changxiang Medical Technology Co., Ltd., with no significant impact on annual operating performance expected[148]. - The company has accounted for bad debts related to various clients, including 632.23 million CNY from Chongqing Zhinen Building Materials Co., Ltd. and 532.82 million CNY from Henan Jinding Zhongyuan Concrete Co., Ltd.[148]. - The company has actively pursued legal actions to recover overdue payments, indicating a proactive approach to managing receivables[149]. - The company has made provisions for bad debts related to overdue payments, ensuring that the operating performance remains unaffected[149]. - The company reported that accounts receivable balances at year-end should not exceed 30% of annual sales revenue[136].

Financial Performance - Operating revenue for the reporting period was ¥1,058,708,101.90, representing a growth of 20.89% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥108,417,158.58, a slight increase of 3.47% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥101,713,309.05, up by 1.01% compared to the same period last year[9]. - Basic earnings per share for the reporting period were ¥0.16, an increase of 6.67% compared to the same period last year[9]. - The company reported a net profit of 172.6 million yuan for the third quarter of 2020, reflecting a year-on-year increase of 15.7%[26]. - The company's operating revenue for Q3 2020 was CNY 1,058,708,101.90, an increase of 20.9% compared to CNY 875,741,011.01 in the same period last year[49]. - The profit attributable to the parent company's shareholders was CNY 108,417,158.58, compared to CNY 104,785,045.07 in the previous year, representing an increase of 3.0%[50]. - Total operating revenue for the current period reached CNY 2,568,992,309.19, an increase of 8.99% compared to CNY 2,356,953,590.14 in the previous period[57]. - Net profit for the current period was CNY 288,327,265.17, a decrease of 10.69% from CNY 322,866,121.57 in the same period last year[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,954,091,915.62, an increase of 11.35% compared to the end of the previous year[9]. - The company's total liabilities rose to CNY 1,815,970,892.89, compared to CNY 1,550,532,748.36, marking an increase of around 17.2%[42]. - Total current assets reached CNY 3,547,049,143.99, up from CNY 3,110,127,180.32, indicating a growth of about 14.1% year-over-year[40]. - The total non-current assets amounted to CNY 1,407,042,771.63, up from CNY 1,338,923,412.00, indicating a growth of about 5.1%[41]. - The company's total liabilities decreased to CNY 170,815,700.40 from CNY 217,886,181.68, a reduction of 21.5%[49]. - Total liabilities amounted to 217,886,181.68, with non-current liabilities at 1,796,255.11[80]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥3,071,457,294.28, reflecting an 8.36% increase year-on-year[9]. - The total number of shareholders at the end of the reporting period was 21,126, with the largest shareholder holding 17.58% of the shares[13]. - The company’s total equity voting rights held by Cai Yongtai decreased to 194,732,630 shares, accounting for 28.12% of the total share capital[18]. - Shareholders' equity totaled CNY 2,898,517,843.96, with equity attributable to the parent company at CNY 2,834,619,245.52[75]. Cash Flow - The net cash flow from operating activities was ¥169,931,321.68, showing a marginal increase of 0.10% year-on-year[9]. - The company’s cash flow from investing activities increased by CNY 87,273,141.28, primarily due to a decrease in cash paid for financial investments[21]. - The cash inflow from operating activities for the current period was CNY 2,406,534,117.56, an increase of 6.0% compared to CNY 2,269,943,863.83 in the previous period[64]. - The cash outflow from investing activities totaled CNY 181,646,905.51, compared to CNY 228,754,744.08 in the previous period, resulting in a net cash flow of -CNY 82,258,778.14[66]. - The total cash and cash equivalents at the end of the period were CNY 71,365,905.63, a decrease from CNY 102,089,863.27 in the previous period[67]. Research and Development - Research and development expenses increased by CNY 30,117,745.03, a growth of 45.94%, reflecting increased investment in R&D projects[20]. - Research and development expenses for the quarter were CNY 35,584,545.87, an increase from CNY 28,897,652.07, marking a rise of 23.2%[49]. - Research and development expenses increased to CNY 95,674,293.50, compared to CNY 65,556,548.47 in the prior period, reflecting a growth of 45.83%[58]. Regulatory and Compliance - There were no violations regarding external guarantees during the reporting period[34]. - The company has not engaged in derivative investments during the reporting period[31]. - There were no overdue commitments from major shareholders or related parties during the reporting period[27]. - The company has not faced any regulatory penalties or corrective measures in the last five years[25]. - The company adopted the new revenue recognition standards starting January 1, 2020, impacting financial statement adjustments[81].

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2020, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 300 million, an increase of 20% compared to the same period last year[14]. - The company's operating revenue for the first half of 2020 was ¥1,510,284,207.29, representing a 1.96% increase compared to ¥1,481,212,579.13 in the same period last year[19]. - The net profit attributable to shareholders decreased by 15.14% to ¥174,868,067.09 from ¥206,075,856.57 year-on-year[19]. - The total profit for the first half of 2020 was CNY 207,860,786.67, compared to CNY 251,410,284.52 in the first half of 2019, reflecting a decline of 17.3%[156]. - The company reported a basic and diluted earnings per share of CNY 0.25, down from CNY 0.30 in the same period last year[156]. - The company reported a notable increase in investment income, contributing ¥13.09 million, which accounted for 6.30% of total profit[48]. - The company reported a net investment income of CNY 13,086,931.87 for the first half of 2020, compared to CNY 7,837,131.85 in the same period of 2019, indicating an increase of approximately 67.5%[154]. Research and Development - The company plans to invest RMB 200 million in research and development for new technologies and products in the upcoming year[14]. - The company increased its R&D investment by 63.92% to ¥60.09 million, reflecting a commitment to enhancing product development and innovation[41]. - Research and development expenses rose to CNY 60,089,747.63 in the first half of 2020, up from CNY 36,658,896.40 in the same period of 2019, reflecting a significant increase of approximately 64%[154]. - The company has a professional research team of hundreds, supported by a research and development base covering nearly 20,000 square meters, enhancing its technological capabilities[33]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2022[14]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[14]. - The company plans to expand its market presence in new fields such as electronic electrical testing and ecological environmental services, aiming to drive future growth[38]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[178]. Risks and Challenges - The company faces risks including market volatility and raw material price fluctuations, which may impact future performance[5]. - The company anticipates potential fluctuations in raw material prices due to environmental policies affecting the chemical industry[70]. - The company faces market risk due to reliance on national infrastructure and real estate investments, which could impact performance if market conditions are unfavorable[70]. - The company is committed to enhancing cost control through technological innovation and refined management practices to mitigate risks from raw material price volatility[70]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-24,575,641.41, a decline of 168.50% compared to ¥35,878,411.85 in the previous year[19]. - The cash flow from operating activities showed a significant decline, indicating potential liquidity issues[19]. - The cash flow from operating activities increased to CNY 1,368,960,392.81, up from CNY 1,252,410,317.57 in the first half of 2019[162]. - The company reported a cash inflow of 161,905,988.80 CNY from financing activities, up from 109,619,210.64 CNY, indicating increased financing efforts[164]. Shareholder and Governance - The company has implemented a modern enterprise governance system, enhancing its operational efficiency and compliance through a standardized management approach[34]. - The company has a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, along with 52 subsidiaries[194]. - The company approved the 2017 Restricted Stock Incentive Plan, which includes a total of 3,387,096 shares granted to 129 incentive objects[86]. - The total share capital increased from 342,732,000 shares to 346,119,096 shares after the completion of the restricted stock grant registration[86]. Subsidiaries and Business Segments - The construction technology service segment operates 11 subsidiaries and 3 associated companies across various regions in China[27]. - The company's subsidiary, Jianyan Testing Group, has seen steady growth in structural identification, building materials testing, and pile foundation testing services due to increased public safety awareness[37]. - The company’s subsidiary, Kezhijie New Materials Group, is recognized as a leading enterprise in concrete admixtures, with its product "Point Stone" being awarded as the most influential brand in the industry[32]. Financial Position - The total assets increased by 4.02% to ¥4,628,101,762.12 from ¥4,449,050,592.32 at the end of the previous year[19]. - The total liabilities as of June 30, 2020, amounted to CNY 1,576,501,662.16, compared to CNY 1,550,532,748.36 at the end of 2019, showing a slight increase of about 1.7%[147]. - The total equity attributable to shareholders of the parent company was CNY 2,987,429,376.97 as of June 30, 2020, compared to CNY 2,834,619,245.52 at the end of 2019, marking an increase of approximately 5.4%[147]. - The company’s total assets reached CNY 4,628,101,762.12 as of June 30, 2020, compared to CNY 4,449,050,592.32 at the end of 2019, indicating an increase of approximately 4%[147]. Legal Matters - The company has initiated lawsuits for overdue payments totaling approximately ¥1,856.15 million related to equity transfer disputes[79]. - The company has filed lawsuits against various entities for overdue payments, with amounts including ¥632.23 million, ¥532.82 million, and ¥445.36 million[80]. - Bad debt provisions have been made for overdue payments, ensuring no significant impact on the company's operating performance[80]. - There were no significant litigation or arbitration matters during the reporting period[79].