Financial Performance - Operating revenue for the reporting period was CNY 201,420,647.84, a decrease of 62.16% compared to the previous year[24] - Net profit attributable to shareholders was CNY 549,202,487.45, representing a decrease of 5.46% year-on-year[24] - Basic earnings per share were CNY 0.2384, down 5.43% from the previous year[24] - Total assets at the end of the reporting period were CNY 62,792,059,304.34, a decrease of 0.32% from the end of the previous year[24] - Net assets attributable to shareholders decreased by 9.89% to CNY 16,103,040,100.13[24] - The company achieved total operating revenue of RMB 57.33 billion and a net profit attributable to shareholders of RMB 5.49 billion during the reporting period[44] - Operating revenue decreased by 62.16% to RMB 201.42 million compared to the same period last year, primarily due to significant asset restructuring[48] - Operating costs also fell by 70.63% to RMB 176.14 million, reflecting the impact of the major asset restructuring[48] - The company reported a significant decrease in revenue due to the disposal of original assets[52] Cash Flow and Investments - Net cash flow from operating activities increased by 48.40% to CNY 1,614,219,374.86[24] - Cash received from investment decreased by 52.92% to CNY 14,924,726,151.31 compared to CNY 31,702,220,559.00 in the previous year[52] - Cash paid for investments decreased by 52.62% to CNY 16,061,672,238.95 from CNY 33,901,243,307.45 in the same period last year[52] - Cash received from other financing activities increased by 392.02% to CNY 137,574,550,000.00 from CNY 27,961,327,000.00 in the previous year[52] - Cash paid for debt repayment decreased by 95.80% to CNY 48,964,055.55 from CNY 1,166,688,917.97 in the same period last year[52] - The total amount of financial assets at the end of the period was CNY 18,331,129,288.02, with a total fair value change gain of CNY 284,752,115.30[64] Business Operations and Strategy - The company achieved significant growth in operating income and net profit across its insurance, trust, futures, and banking businesses compared to the same period last year[34] - The insurance segment reported record levels of original insurance premium income and new single annual premium, indicating strong market performance[34] - The trust business made notable progress in agricultural and supply chain finance, with successful project implementations in Heilongjiang province[34] - The futures segment focused on enhancing risk management and expanding international business, resulting in substantial revenue growth[34] - The company emphasized the integration of financial services with agricultural resources to create a specialized financial service model[39] - The company is actively pursuing innovation in its core business areas, which has strengthened its competitive advantage[40] - The company aims to achieve sustainable development through differentiated financial services tailored to the agricultural sector[39] Risk Management - The company established a comprehensive risk management system led by the board of directors, enhancing its risk control capabilities[40] - The company faces various risks including market risk, credit risk, operational risk, and compliance risk, particularly in its trust, futures, and insurance businesses[91] - The company emphasizes a risk management mechanism based on "compliance first, risk control first, and steady development," continuously improving its risk control processes[88] - The company is committed to improving its risk management system, emphasizing compliance and risk control to prevent major financial risks[44] Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[7] - The basic earnings per share decreased from 1.0919 to 0.2384 after the share issuance, indicating a significant impact on financial performance[164] - The diluted earnings per share also fell from 1.0919 to 0.2384, reflecting the same trend as basic earnings[164] - The net asset value per share attributable to ordinary shareholders dropped from 32.0149 to 6.9888 following the share issuance[164] - COFCO Group holds 62.78% of the shares, making it the largest shareholder, with 1,446,543,440 shares[170] - The company has a total of 20,930 ordinary shareholders at the end of the reporting period[170] Legal and Compliance Matters - There are ongoing litigation matters, including a lawsuit related to equity transfer disputes with a claim amount of 205.59 million yuan, which has been ruled in favor of the company[105] - Another lawsuit concerning debt transfer contracts has a claim amount of 62.70 million yuan, with the first instance ruling in favor of the company, but the opposing party has appealed[105] - The company has made commitments regarding major asset restructuring, ensuring compliance with relevant regulations[98] - The semi-annual financial report has not been audited[101] - The semi-annual report does not contain any non-standard audit opinions[102] Social Responsibility and Community Engagement - The company invested a total of 1.45 million RMB in poverty alleviation efforts during the reporting period, focusing on various counties[145] - The company helped 3,225 registered impoverished individuals to escape poverty through its initiatives[148] - The company allocated 240,000 RMB specifically for agricultural development poverty alleviation projects, with 8 projects initiated[148] - The company plans to continue its poverty alleviation efforts by focusing on deep poverty-stricken areas and enhancing financial literacy among farmers[150] - The company will increase its funding for poverty alleviation, targeting industries, education, and healthcare[150] - The company’s "Star Lighting" program aims to provide support to left-behind children, with an increased focus on material aid and mental health[150] Related Party Transactions - The company engaged in related party transactions, with a total of 502.45 million yuan in service fees, which accounted for 25.12% of the approved transaction amount of 2,000 million yuan[126] - The company recorded 4,154.87 million yuan in insurance revenue from related party transactions, with an approved transaction amount of 6,000 million yuan[126] - The company conducted related party procurement transactions amounting to 12,510.5 million yuan, which is within the approved limit of 15,000 million yuan[126] - The company’s related party transactions were conducted at market prices, ensuring compliance with pricing principles[126]

Financial Performance - The company's operating revenue for 2018 was ¥1,025,559,069.87, an increase of 5.41% compared to ¥972,925,944.74 in 2017[20] - The net profit attributable to shareholders of the listed company was -¥112,704,830.74, a 56.30% improvement from -¥257,920,448.72 in the previous year[20] - The net cash flow from operating activities was ¥8,206,937.00, representing a significant increase of 409.41% compared to ¥1,611,070.16 in 2017[20] - The total operating cost for 2018 was ¥1,217,291,952.33, a decrease of 2.12% compared to the previous year[41] - The gross profit margin for the main business was 8.76%, reflecting a year-on-year increase of 4.04%[41] - The company reported a total investment of ¥39,882,584.94 in 2018, a 3.14% increase compared to ¥38,669,745.48 in the previous year[69] - The company reported a total share capital of 502,986 shares, with 100% being unrestricted shares[190] Assets and Liabilities - The total assets at the end of 2018 were ¥3,234,273,101.31, a decrease of 5.59% from ¥3,425,868,807.18 at the end of 2017[22] - The net assets attributable to shareholders of the listed company decreased by 7.45% to ¥1,454,921,124.86 from ¥1,572,113,844.99 in 2017[22] - Cash and cash equivalents decreased from ¥295,531,391.06 in 2017 to ¥189,052,171.09 in 2018, representing a decline of 2.78% of total assets[65] - Short-term borrowings rose significantly from ¥483,000,000.00 in 2017 to ¥1,066,100,000.00 in 2018, representing an increase of 18.86% of total liabilities[67] Revenue Breakdown - Total revenue for the year was 1,025,548,070.07 CNY, with quarterly revenues of 180,392,683.52 CNY in Q1, 292,387,411.71 CNY in Q2, 309,022,316.10 CNY in Q3, and 243,756,658.54 CNY in Q4[25] - The revenue from the specialized equipment manufacturing sector was ¥1,000,607,420.62, accounting for 97.57% of total revenue, with a year-on-year growth of 5.15%[44] - Revenue from overseas markets was ¥204,528,116.69, representing 19.94% of total revenue, with a year-on-year increase of 42.44%[46] - The company sold 101,034.05 tons of specialized equipment in 2018, a 10.28% increase from 2017[47] Research and Development - Research and development expenses for 2018 were ¥37,497,975.90, a decrease of 22.59% compared to ¥48,441,734.94 in 2017[56] - The number of R&D personnel decreased by 17.15% from 309 in 2017 to 256 in 2018[56] - The company implemented 39 new product development and technology improvement projects during the reporting period[55] - The company's R&D investment accounted for 3.66% of operating revenue in 2018, down from 4.98% in 2017[56] Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6] - The company is focusing on high-quality special steel materials, with products widely used in critical industries such as military, oil, and energy[33] - The company is committed to a five-year development plan aimed at high-quality growth and strategic resource integration[36] - The company plans to expand its business scope to include trust, futures, insurance, and banking services following the acquisition of 100% equity in COFCO Capital[76] Shareholder Relations - The company has committed to maintaining independence from its controlling shareholder, COFCO Group, ensuring no interference in operational decisions[97] - COFCO Group has promised to avoid any business activities that may compete directly or indirectly with the main business of Zhongyuan Special Steel[97] - The company has not proposed any plans for capital reserve conversion or cash dividend distribution for the current fiscal year[95] - The company has maintained a consistent policy of not distributing cash dividends over the past three years[95] Compliance and Governance - The company has confirmed that it will continue to comply with regulatory requirements and maintain transparency in its operations[99] - 中粮集团承诺在重组完成后12个月内不转让其持有的中原特钢股份[103] - 中原特钢在报告中提到，若中粮集团未履行承诺导致损失，将承担相应的赔偿责任[101] - 中原特钢的控股股东承诺保持公司的独立性，确保在资产、人员、财务、业务和机构等方面的独立性[111] Market Performance - The company achieved a 30.7% year-on-year increase in foreign trade revenue, indicating strong international market performance[36] - The company has established strategic partnerships with numerous well-known enterprises, enhancing its market position and brand recognition[33] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[116] Risks and Challenges - The company recognizes potential risks including market, policy, liquidity, and compliance risks that could impact its operations and financial performance[86] - The company has not reported any significant market expansion or acquisition activities during the reporting period[93] - The company has not disclosed any strategies related to market expansion or mergers and acquisitions in the available content[200]

Financial Performance - The company's operating revenue for Q1 2019 was ¥111,644,159.10, a decrease of 44.72% compared to the previous year[10]. - The net profit attributable to shareholders was ¥316,516,907.46, representing a decrease of 5.90% year-over-year[10]. - Basic earnings per share were ¥0.1374, down 5.89% from ¥0.1460 in the previous year[10]. - The company's total revenue for the reporting period was 111,644,159.10, a decrease of 44.72% compared to the previous period's 201,946,083.02 due to significant asset restructuring[24]. - The company reported a net profit from investment income of 59,878,975.41, a decrease of 41.64% compared to the previous period's 102,594,584.77, due to reduced investment returns from associates[24]. - The company reported a net profit for Q1 2019 of CNY 489,728,906.21, compared to CNY 448,106,908.34 in Q1 2018, indicating an increase of about 9.3%[55]. - The company achieved a profit before tax of CNY 641,771,840.23 in Q1 2019, compared to CNY 624,134,368.49 in Q1 2018, reflecting a growth of about 2.4%[55]. - The company reported a significant decrease in cash received from sales, totaling ¥69,671,665.46 compared to ¥264,817,486.41 in the previous period, indicating a decline of approximately 73.7%[68]. Cash Flow - The net cash flow from operating activities surged to ¥1,943,140,234.35, an increase of 7,181.10% compared to the same period last year[10]. - The cash received from sales of goods and services was CNY 71,060,305.46, a decrease of 75.32% compared to CNY 287,984,228.49 in the previous period, primarily due to significant asset restructuring[26]. - The cash flow from operating activities was significantly impacted by increased payments to employees, totaling ¥31,481,920.89 compared to ¥51,490,107.70 previously[68]. - Cash inflow from operating activities totaled 5,730,774,808.95, compared to 2,885,275,263.54 in the prior year, indicating a substantial increase[65]. - The cash flow from the disposal of fixed assets increased by 530.11% to CNY 1,822,086.17 from CNY 289,168.00, indicating a rise in asset disposals during the reporting period[26]. - The total cash flow from financing activities increased by 811.18% to CNY 68,539,350,000.00 from CNY 7,522,063,299.00, due to an increase in repurchase business[26]. - The net cash flow from investing activities was -621,101,760.44, an improvement from -1,026,841,117.87 in the previous year[66]. - The net cash flow from financing activities was -558,522,285.96, contrasting with a positive flow of 73,613,584.49 in the same period last year[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥63,375,232,013.66, reflecting a slight increase of 0.60% from the previous year[10]. - The net assets attributable to shareholders decreased by 10.99% to ¥15,907,265,082.70[10]. - The company's total assets decreased significantly, with fixed assets dropping by 95.71% to 86,449,008.34 from 2,015,678,732.68, primarily due to significant asset restructuring[21]. - The total liabilities as of Q1 2019 amounted to CNY 207,159,484.89, up from CNY 130,761,852.99 in the previous year, reflecting a growth of approximately 58.3%[52]. - Current liabilities rose to CNY 18.83 billion, compared to CNY 17.71 billion in the previous year[43]. - Total liabilities increased to CNY 42.62 billion, up from CNY 40.44 billion year-over-year[43]. - Owner's equity decreased to CNY 20.76 billion from CNY 22.56 billion year-over-year[45]. - The company reported a significant drop in capital reserves, decreasing by CNY 1.64 billion to CNY 13.15 billion[75]. Investments and Financial Instruments - The company reported a financial instrument investment income of ¥436,006,486.75, indicating normal business operations[12]. - The company's financial assets measured at fair value and recognized in profit or loss decreased by 100% to zero, reflecting the implementation of new financial instrument accounting standards[21]. - The company's interest income increased by 65.97% to 202,352,286.07 from 121,919,690.46, due to the implementation of new financial instrument accounting standards[24]. - The company experienced a 503.21% increase in fair value changes recognized in profit or loss, amounting to 494,246,450.04 compared to 81,936,367.24 in the previous period, due to the impact of new financial instrument accounting standards[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,123[13]. - The company reported no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[33][34].

Financial Performance - Operating revenue for Q1 2014 was CNY 290,005,090.18, an increase of 2.79% compared to CNY 282,144,081.80 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 10,667,693.82, improving by 50.98% from a loss of CNY 21,761,718.55 year-on-year[7] - Net cash flow from operating activities was a negative CNY 51,090,820.12, which is a 46.32% improvement from a negative CNY 95,168,552.77 in the previous year[7] - Total assets at the end of the reporting period were CNY 3,006,671,350.44, reflecting a 1.19% increase from CNY 2,971,457,960.15 at the end of the previous year[7] - The total profit increased by 50.47% year-on-year, attributed to improved gross profit margin[14] Shareholder Information - The number of shareholders at the end of the reporting period was 26,443[10] - The largest shareholder, China South Industries Group Corporation, held 64.8% of the shares, totaling 301,638,570 shares[11] Cash Flow and Investments - Cash received from tax refunds increased by 2,518.99% year-on-year, mainly due to higher export revenue[15] - Cash paid for the acquisition of fixed assets increased by 106.87% year-on-year, indicating significant investment in capital expenditures[15] - Cash received from borrowings increased by ¥460 million year-on-year, primarily due to new borrowings during the reporting period[16] - Cash paid for debt repayment increased by ¥407.5 million year-on-year, mainly due to the repayment of maturing borrowings[16] - Cash paid for dividends, profits, or interest increased by ¥2.04 million year-on-year, representing a growth of 46.03%, attributed to increased borrowing and interest expenses[16] Future Outlook - The company expects a net loss of between ¥10 million and ¥20 million for the first half of 2014, compared to a net profit of ¥31.61 million in the same period of 2013[20] - The company anticipates no significant changes in operating revenue compared to the same period last year due to a challenging market environment[20] Other Financial Matters - Financial expenses increased by 174.07% year-on-year, primarily due to increased borrowing costs[14] - The impact of exchange rate fluctuations on cash and cash equivalents decreased by ¥153,991.41, a reduction of 52.94%, mainly due to a decrease in foreign currency deposits[16] - The company plans to continue using part of the idle raised funds, amounting to ¥150 million, to supplement working capital[18] - The company has committed to not producing or developing any competing products or businesses with its subsidiaries and affiliates[18] - The company has received a non-operating fund return of ¥4.26 million from a related party during the reporting period[22] - The company has disclosed its special audit opinion on the occupation of funds by controlling shareholders and other related parties[23]

Financial Performance - In 2013, the company's operating revenue was CNY 1,315,918,137.57, a decrease of 29.04% compared to CNY 1,854,319,984.51 in 2012[23] - The net profit attributable to shareholders was CNY 2,315,151.59, down 96.76% from CNY 71,498,169.17 in the previous year[23] - The net profit after deducting non-recurring gains and losses was CNY -81,642,778.23, a decline of 58.76% compared to CNY -51,425,454.06 in 2012[23] - The net cash flow from operating activities was CNY 2,285,966.20, a significant drop of 95.36% from CNY 49,260,286.36 in 2012[23] - Basic earnings per share decreased to CNY 0.005, down 96.67% from CNY 0.15 in 2012[23] - The company achieved main business revenue of 1,251.22 million yuan in 2013, a decrease of 546.87 million yuan or 30.41% compared to 2012[28] - Main business costs were 1,109.97 million yuan, down 521.87 million yuan or 31.98% from 2012[28] Assets and Liabilities - Total assets at the end of 2013 were CNY 2,971,457,960.15, an increase of 3.17% from CNY 2,880,052,653.07 at the end of 2012[23] - The net assets attributable to shareholders were CNY 1,790,594,721.74, a slight decrease of 0.65% from CNY 1,802,244,870.15 in 2012[23] - The company's cash and cash equivalents decreased by 2.31% to ¥415,696,688.74, accounting for 13.99% of total assets[49] - Short-term borrowings increased significantly to ¥400,000,000, representing 13.46% of total assets, with a new borrowing of ¥300,000,000 during the reporting period[51] Market and Competition - The company faced increased market competition risks due to the expansion of production capacity by domestic competitors and industry overcapacity[12] - Domestic revenue was ¥1,058,293,545.04, down 28.24% year-on-year, while overseas revenue increased by 24.21% to ¥192,929,364.96[47] - The company anticipates stable growth in the oil drilling equipment market due to increased investment in oil exploration and production, driven by national shale gas and coalbed methane development plans[74] - The market for limit core rods is expected to decline by 5%-10% in price due to increased competition and the maturity of welding repair technology[75] Research and Development - Research and development expenditure was 57.20 million yuan, accounting for 4.35% of operating revenue, an increase from 3.16% in 2012[40] - The company plans to enhance its technological research and management capabilities to adapt to market changes and mitigate competitive pressures[12] - The company is investing in a project for "high-cleanliness heavy machinery equipment key component manufacturing technology transformation" to enhance product quality and reduce manufacturing costs[79] Financing and Investments - The total amount of cash inflow from financing activities increased by 200% to 570 million yuan, reflecting a significant rise in borrowed funds[43] - The company invested ¥113,006,639.27 in external equity, maintaining a stable investment level compared to the previous year[55] - The company raised a total of RMB 71.1 million from the issuance of 7.9 million A-shares at RMB 9 per share, with a net amount of RMB 681.48 million after deducting fees[60] Shareholder and Governance - The company has established a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[81] - The total number of shares at the end of the reporting period was 46,551 million shares, with no changes during the year[119] - China South Industries Group Company held 64.8% of the shares, totaling 301,638,570 shares, while South Industries Asset Management Company held 11.59%, totaling 53,949,085 shares, after a reduction of 2,302,345 shares[121] - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing, ensuring stability in shareholding[105] Internal Control and Compliance - The company has established an internal control system that meets internal control requirements and is suitable for management needs, with 71 potential risks identified and assessed[184] - The internal control evaluation report indicates no significant deficiencies in internal controls during the reporting period[189] - The company has implemented a responsibility system for major errors in annual report disclosures, with no significant accounting errors or omissions reported during the period[192] Management and Human Resources - As of December 31, 2013, the total number of employees is 3,830, with production personnel accounting for 63.52% (2,433 employees) of the workforce[144] - The company has implemented a performance-based salary system, with various compensation structures for different employee categories, linking salaries to company and individual performance[149] - The total remuneration for senior management during the reporting period amounted to 287.57 million CNY, with individual salaries linked to performance evaluations[140] Related Party Transactions - The company engaged in significant related party transactions, with a total amount of 7,682.31 million yuan, primarily involving procurement of raw materials and sales of goods[93] - The related party transactions accounted for 9.23% of the total transaction amount, indicating a substantial reliance on these transactions for operational stability[94] - The company has confirmed that related transactions are conducted under normal commercial terms and do not affect its independence[95]

Financial Performance - The company's operating revenue for 2013 was ¥1,315,918,137.57, a decrease of 29.04% compared to ¥1,854,319,984.51 in 2012[23]. - The net profit attributable to shareholders was ¥2,315,151.59, down 96.76% from ¥71,498,169.17 in the previous year[23]. - The net cash flow from operating activities was ¥2,285,966.20, a decline of 95.36% compared to ¥49,260,286.36 in 2012[23]. - The company achieved main business revenue of 1,251.22 million yuan in 2013, a decrease of 30.41% compared to 1,798.10 million yuan in 2012[28]. - The basic earnings per share were ¥0.005, down 96.67% from ¥0.15 in the previous year[23]. - The company's domestic revenue was CNY 1,058,293,545.04, down 28.24% year-on-year, while overseas revenue increased by 24.21% to CNY 192,929,364.96[47]. - The gross profit margin for the specialized equipment manufacturing industry was 11.29%, an increase of 2.04% year-on-year[46]. Assets and Liabilities - The total assets at the end of 2013 were ¥2,971,457,960.15, reflecting a 3.17% increase from ¥2,880,052,653.07 at the end of 2012[23]. - The net assets attributable to shareholders decreased by 0.65% to ¥1,790,594,721.74 from ¥1,802,244,870.15 in 2012[23]. - The company's cash and cash equivalents decreased by 2.31% to CNY 415,696,688.74, representing 13.99% of total assets[48]. - Short-term borrowings increased significantly to CNY 400,000,000, accounting for 13.46% of total assets, up from 3.47% the previous year[50]. - The company's total liabilities increased, with current liabilities amounting to CNY 1,020,000,000.00, up from CNY 1,000,000,000.00, indicating a growth of 2.0%[197]. - Total liabilities increased to ¥1,180,863,238.41 from ¥1,077,807,782.92, representing a growth of approximately 9.5% year-over-year[199]. Investment and Projects - The company has significant project investment risks, as the success of projects is highly dependent on market conditions and funding availability[13]. - The company invested CNY 113,006,639.27 in external equity, a slight decrease of 0.02% compared to the previous year[53]. - The first phase of the comprehensive technology transformation project had a total investment commitment of RMB 368,721,000, with a cumulative investment of RMB 247,514,000, achieving an investment progress of 85.88%[61]. - The comprehensive energy-saving technology transformation project had a total investment of RMB 114,070,000, with a cumulative investment of RMB 51,332,400, achieving only 45% of the expected benefits due to insufficient orders[62]. - The company has made significant progress in new product development, enhancing its research and technological capabilities[52]. Market and Competition - The company faces market competition risks due to increased production capacity among domestic competitors and potential price reductions[12]. - The company anticipates stable growth in the demand for oil drilling tools due to increased exploration activities and government policies promoting shale gas development, which is expected to drive demand for oil drilling equipment[72]. - The market for limit core rods is expected to decline by 5%-10% in price due to increased competition and the maturity of welding repair technology in domestic steel mills[73]. - The demand for centrifugal ductile iron pipes is projected to grow at an annual rate of approximately 8% in China, driven by urbanization and infrastructure investment[73]. Shareholder and Dividend Information - In 2013, the cash dividend was 0.05 CNY per 10 shares, totaling 2,327,550.00 CNY, maintaining the total share capital at 465,510,000 shares[84]. - The cash dividend payout ratio for 2012 was 19.53% of the net profit attributable to shareholders, and for 2013, it was 100.54%[83]. - The company has established a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[79]. Management and Governance - The company has a well-defined organizational structure with independent operation of the shareholders' meeting, board of directors, and management[171]. - The company has implemented a comprehensive internal audit system to monitor risk management and internal control effectiveness[181]. - The total remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to 287.57 million yuan[135]. - The company has established a performance evaluation system that directly impacts the remuneration of senior management[132]. Related Party Transactions - The total amount of related party transactions was 7,682.31 million yuan, with the largest transaction being the procurement of raw materials[91]. - The company engaged in related transactions primarily for the procurement of raw materials and sales of goods, ensuring stable production operations[92]. - The company utilized market pricing for related transactions, ensuring fair valuation[91]. Risk Management - The company identified 71 potential risks during its risk assessment and organized risk measurement and ranking[179]. - The internal control management manual includes 1,450 evaluation points to ensure compliance and operational efficiency[180]. - The company reported no major deficiencies in internal control during the reporting period, ensuring the effectiveness of financial reporting controls[184].