Financial Performance - The company's operating revenue for Q1 2023 was ¥201,011,637.25, a decrease of 32.54% compared to ¥297,979,594.61 in the same period last year[5] - The net loss attributable to shareholders was ¥1,791,523.87, an improvement of 11.96% from a loss of ¥2,034,978.72 in the previous year[5] - The company's basic and diluted earnings per share were both -¥0.0053, showing a 13.11% improvement from -¥0.0061 in the previous year[5] - Operating profit for Q1 2023 was CNY 1.26 million, a significant improvement from a loss of CNY 2.38 million in the same period last year[19] - Net profit for Q1 2023 was a loss of CNY 2.23 million, compared to a loss of CNY 2.99 million in Q1 2022, indicating a narrowing of losses[20] Cash Flow - The net cash flow from operating activities improved by 33.39%, reaching -¥158,240,139.37 compared to -¥237,546,294.56 in the same period last year[5] - The cash inflow from operating activities totaled ¥579,792,048.91, a decrease of 5.3% compared to ¥612,339,601.89 in the previous year[23] - The cash outflow from operating activities was ¥738,032,188.28, down 13.2% from ¥849,885,896.45 year-over-year[23] - Cash inflow from investment activities amounted to ¥122,730,627.74, an increase of 9.4% compared to ¥112,238,413.73 in the previous year[23] - The net cash flow from investment activities was ¥14,294,729.12, a significant decrease from ¥94,721,854.98 year-over-year[23] - Cash inflow from financing activities reached ¥259,801,000.00, slightly up from ¥259,195,602.54 in the previous year[24] - The net cash flow from financing activities was ¥85,774,090.39, a substantial increase from ¥8,199,869.38 year-over-year[24] Assets and Liabilities - Total assets decreased by 3.36% to ¥4,025,894,369.21 from ¥4,165,700,874.27 at the end of the previous year[5] - Current assets totaled RMB 2,968,185,869.34, down from RMB 3,087,100,483.26, indicating a decrease of about 3.86%[16] - The company's total liabilities decreased to CNY 1.52 billion in Q1 2023 from CNY 1.65 billion in Q1 2022, reflecting a reduction in financial obligations[19] - Current liabilities totaled CNY 1.43 billion in Q1 2023, down from CNY 1.57 billion in Q1 2022, showing improved liquidity management[19] - The company’s total assets decreased to CNY 4.03 billion in Q1 2023 from CNY 4.17 billion in Q1 2022, indicating a contraction in the asset base[19] Expenses - The company's operating costs decreased by 29.57% due to a reduction in revenue[10] - Research and development expenses decreased by 30.18% compared to the same period last year[12] - Research and development expenses for Q1 2023 were CNY 6.43 million, down 30% from CNY 9.21 million in Q1 2022, indicating a potential shift in investment strategy[19] - The company reported a credit impairment loss of CNY 13.13 million in Q1 2023, compared to a gain of CNY 15.50 million in Q1 2022, highlighting changes in asset quality[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,320, with the largest shareholder holding 21.28% of the shares[12] - The total equity attributable to shareholders of the parent company was CNY 2.31 billion in Q1 2023, a slight decrease from CNY 2.31 billion in Q1 2022[19] Other Income and Subsidies - The company received government subsidies amounting to ¥3,910,469.18, contributing to a 714.96% increase in other income compared to the previous year[6][12] - The total profit increased by 103.82% due to a reduction in period expenses and credit impairment losses[12]

Financial Performance - The company's operating revenue for 2022 was CNY 2,572,230,249.77, representing a 5.65% increase compared to CNY 2,434,708,963.48 in 2021[20]. - Net profit attributable to shareholders for 2022 was CNY 168,217,330.53, an increase of 17.60% from CNY 143,037,754.68 in 2021[20]. - The net profit after deducting non-recurring gains and losses was CNY 146,215,414.10, up 11.86% from CNY 130,715,971.22 in 2021[20]. - The net cash flow from operating activities improved significantly to CNY 76,325,794.32, a 156.14% increase from a negative CNY 135,963,293.82 in 2021[20]. - The total assets at the end of 2022 were CNY 4,165,700,874.27, reflecting a 3.69% increase from CNY 4,017,526,464.33 at the end of 2021[20]. - The net assets attributable to shareholders increased by 5.89% to CNY 2,311,994,310.10 at the end of 2022, compared to CNY 2,183,362,179.12 at the end of 2021[20]. - The company reported a basic earnings per share of CNY 0.50, up 16.28% from CNY 0.43 in 2021[20]. - In 2022, the company achieved total operating revenue of approximately ¥2.57 billion, representing a year-on-year growth of 5.62%[51]. - The net profit for the same period was approximately ¥191.91 million, reflecting a year-on-year increase of 23.35%[51]. Shareholder Returns - The company reported a cash dividend of 2.0 RMB per 10 shares (including tax) based on a total share capital of 334,992,000 shares as of December 31, 2022[4]. - The company has a clear policy for cash dividends, focusing on shareholder returns[93]. - The company reported a cash dividend of 2.0 CNY per 10 shares, totaling 66,697,360 CNY (including tax), which represents 100% of the distributable profit[130]. - The consolidated undistributed profit at the end of the reporting period was 982,722,704.23 CNY, while the parent company's undistributed profit was 1,037,889,773.61 CNY[131]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing, indicating stability in its operations[19]. - The company is positioned in a mature industry with increasing barriers to entry and is expected to benefit from new business models and technologies[31]. - The company is exploring new business models such as EPC and full-process engineering consulting, which are expected to provide growth opportunities[32]. - The company has maintained the top position in the production of prestressed concrete pipes (PCCP) in China for seven consecutive years from 2015 to 2021, holding approximately 66.67% market share among the top five companies in the industry[34]. - The company focuses on high-quality water supply pipelines and related products, providing comprehensive solutions from design to operation and maintenance, aiming to be a full lifecycle service provider in the water-saving sector[35]. - The company has established strategic partnerships with universities for technology cooperation and talent cultivation, enhancing its research and development in large-diameter concrete pipelines[39]. - The company has implemented an innovative sales agency model in 2022 to enhance sales flexibility and increase market share[37]. Research and Development - The company has a total of 172 patents, including 10 invention patents and 162 utility model patents, showcasing its strong R&D capabilities[41]. - The company is in the pilot stage for several new product and technology developments aimed at enhancing competitiveness[66]. - The company plans to enhance its production automation and improve product quality and labor productivity through technological advancements and new product development[85]. - The company aims to enhance employee capabilities through a structured training program, following the "721" talent development principle[128]. Governance and Compliance - The company emphasizes that forward-looking statements in the report do not constitute a commitment to investors and are subject to market conditions and operational efforts[4]. - The company’s financial report has been confirmed by the board of directors, ensuring its accuracy and completeness[4]. - The company operates under the supervision of the China Securities Regulatory Commission and is listed on the Shenzhen Stock Exchange[16]. - The company has established a comprehensive governance structure, ensuring clear separation of powers among decision-making, supervisory, and management bodies[92]. - The company has implemented a transparent and rigorous compensation management system for directors, supervisors, and senior management to enhance operational efficiency[91]. - The company has a dedicated internal control system to enhance operational compliance and protect investor rights[95]. - The company has committed to ongoing strategic adjustments to mitigate any potential impacts on its future development[138]. Environmental Responsibility - The company emphasizes green development and has initiated ecological construction projects, focusing on energy conservation and environmental protection[94]. - The company has implemented measures to reduce carbon emissions, including the use of non-toxic raw materials and increasing the automation of production processes[143]. - The company has established a comprehensive waste treatment process, ensuring that solid waste and wastewater are properly managed and treated[142]. - The company has a zero tolerance policy for environmental violations, with no administrative penalties reported during the reporting period[141]. Market Expansion and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[156]. - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 1.32 billion CNY, driven by new product launches and market expansion[154]. - New product development efforts include the introduction of a new line of eco-friendly pipes, expected to contribute an additional 200 million CNY in revenue[155]. Employee Relations and Development - The company conducts regular health checks for employees and invests in their professional development to enhance overall satisfaction and productivity[93]. - The total number of employees at the end of the reporting period is 1,784, with 527 in the parent company and 1,257 in major subsidiaries[124]. - Employee compensation consists of base salary, basic bonuses, performance bonuses, seniority pay, various allowances, year-end bonuses, and rewards for outstanding performance[126].

证券代码：002457 证券简称：青龙管业 公告编号：2022-057 宁夏青龙管业集团股份有限公司 2022 年第三季度报告 宁夏青龙管业集团股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 宁夏青龙管业集团股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 529,374,662.00 | -6. ...

Financial Performance - The company's operating revenue for the reporting period was ¥995,069,547.18, representing a 16.91% increase compared to ¥851,123,480.65 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥44,584,901.84, a 2.90% increase from ¥43,329,341.11 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,821,143.24, showing a decrease of 30.79% from ¥38,750,547.91 in the same period last year[22]. - The basic earnings per share increased to ¥0.1331, up 2.94% from ¥0.1293 in the same period last year[22]. - The total amount of new contracts signed during the reporting period was ¥2.121 billion, with ¥1.586 billion from pipeline manufacturing contracts and ¥0.302 billion from EPC general contracting[50]. - The net profit for the first half of 2022 reached CNY 51,269,374.71, representing an increase of 12.5% from CNY 45,681,043.02 in the previous year[177]. - The company's total revenue reached approximately 3.0 billion yuan, with a year-on-year growth of 1.4%[190]. - The net profit attributable to shareholders was approximately 600 million yuan, reflecting a 4.0% increase compared to the same period last year[190]. Cash Flow and Financial Position - The net cash flow from operating activities improved to -¥125,690,063.66, a 71.42% increase compared to -¥439,759,093.42 in the previous year[22]. - The company reported a total of 71,300,654 shares held by its controlling shareholder, Ningxia Qinglong Investment Holdings Co., Ltd.[155]. - The company has no financial debts reported during the period, indicating a strong balance sheet[66]. - The company reported a total liability of CNY 1,681,196,998.12, a slight decrease from CNY 1,685,406,119.40[170]. - The total cash inflow from financing activities was 558,469,953.81 CNY, compared to 484,469,295.56 CNY in the previous year, indicating an increase of approximately 15%[183]. - The company’s cash flow from investment activities showed a net outflow of 15,731,915.97 CNY, an improvement from -22,155,594.32 CNY in the previous period, indicating a positive trend in investment recovery[186]. Research and Development - The company has developed a total of 161 patents, including 10 invention patents and 151 utility model patents, enhancing its competitive edge in the industry[40]. - The company increased its R&D investment to approximately ¥30.87 million, reflecting an increase of 11.43% compared to the previous year[54]. - Research and development expenses for the first half of 2022 were CNY 30,870,832.10, up from CNY 27,704,002.70, reflecting an increase of 7.8%[176]. - The research and development expenses for new technologies amounted to 332 million yuan, underscoring the commitment to innovation[194]. Market and Competitive Position - The company’s sales model primarily relies on bidding and signing supply contracts, with a new dual-driven model of direct sales and consignment introduced to expand market reach[35]. - The company’s core competitive advantage includes a strong R&D capability, with over 30 senior researchers and partnerships with academic institutions for collaborative projects[37]. - The company is actively expanding its market presence in East and South China while leveraging the advantages of its subsidiary, Ningxia Water Conservancy Design Institute, to enhance its design capabilities nationwide[50]. - The company plans to enhance raw material procurement management and optimize supply channels to mitigate the impact of raw material costs[80]. Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and regulations, ensuring compliance with relevant industry standards[97]. - The company invested CNY 1,360,607 in environmental governance during the reporting period[107]. - The company has implemented measures to treat wastewater and solid waste, ensuring compliance with environmental standards[102]. - The company emphasizes social responsibility by enhancing employee welfare and communication channels[109]. Legal and Compliance Issues - The total amount involved in the litigation against Ningxia Qinglong Small Loan Co., Ltd. is approximately 79 million yuan, including principal and interest[119]. - The company is actively pursuing legal actions to recover outstanding loans totaling 3 million yuan from various defendants, with a judgment requiring payment of interest as well[121]. - The company reported a total of 128.52 million CNY in a loan dispute, with the court ruling for repayment of principal and interest[122]. - There were no violations regarding external guarantees during the reporting period[116]. Shareholder and Equity Information - The company repurchased a total of 1,505,200 shares, accounting for approximately 0.4493% of the total share capital, with a total transaction amount of 11,075,943 RMB[150]. - The largest shareholder, Ningxia Qinglong Investment Holding Co., Ltd., holds 21.28% of the shares, totaling 71,300,654 shares[153]. - The company has a total of 334,838,099 unrestricted shares, which constitutes 99.95% of the total shares[148]. - The company has committed to not transferring more than 50% of its shares during the lock-up period, ensuring long-term stability[112].

Financial Performance - The company's operating revenue for Q1 2022 was ¥297,979,594.61, representing a 26.77% increase compared to ¥235,057,288.70 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,034,978.72, a decrease of 134.53% from a profit of ¥5,893,040.97 in the previous year[3] - The total profit decreased by 139.20% year-on-year, attributed to increased period expenses and a decline in gross profit[8] - Total operating revenue for Q1 2022 was CNY 298,471,601.32, an increase of 26.4% compared to CNY 235,974,242.84 in Q1 2021[18] - Net profit for Q1 2022 was a loss of CNY 2,985,627.53, compared to a profit of CNY 6,298,829.93 in Q1 2021, representing a significant decline[19] - Operating profit for Q1 2022 was a loss of CNY 2,384,427.90, down from a profit of CNY 6,836,613.95 in the same period last year[19] Cash Flow - The net cash flow from operating activities improved by 17.02%, amounting to -¥237,546,294.56 compared to -¥286,255,781.14 in the same period last year[3] - The cash inflow from operating activities for Q1 2022 was CNY 612,339,601.89, compared to CNY 303,045,370.89 in Q1 2021, representing an increase of 102.1%[22] - The net cash outflow from operating activities was CNY -237,546,294.56, an improvement from CNY -286,255,781.14 in the same period last year[22] - The company reported a total cash outflow from operating activities of CNY 849,885,896.45, compared to CNY 589,301,152.03 in Q1 2021, an increase of 44.3%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,796,432,219.58, down 5.50% from ¥4,017,526,464.33 at the end of the previous year[3] - Total liabilities decreased to CNY 1,469,686,281.46 in Q1 2022 from CNY 1,685,406,119.40 in Q1 2021, a reduction of approximately 12.8%[16] - The company reported a total current asset of 2,693,767,318.52, down from 2,883,053,870.58, a decrease of about 6.6%[14] - The company's total assets were CNY 3,796,432,219.58 in Q1 2022, down from CNY 4,017,526,464.33 in Q1 2021, indicating a decrease of approximately 5.5%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,694[10] - Ningxia Qinglong Investment Holding Co., Ltd. holds 21.28% of shares, totaling 71,300,654 shares[10] - The company has a total of 1,505,200 shares held in the repurchase account, ranking sixth among all shareholders[11] - The top ten shareholders include both individual and institutional investors, with significant stakes held by Ningxia Qinglong Investment Holding Co., Ltd. and Chen Jiaxing[10] Expenses - Research and development expenses increased by 51.91% compared to the same period last year, indicating a significant investment in new product development[7] - The company's financial expenses rose by 38.30% year-on-year, primarily due to an increase in working capital loans[7] - The company reported a total operating cost of CNY 290,122,675.19 in Q1 2022, an increase of 35.4% from CNY 214,092,010.26 in Q1 2021[18] - The company reported a 60.88% increase in selling expenses, correlating with the rise in operating revenue[7] Investment Activities - The investment income surged by 311.89% compared to the previous year, reflecting improved returns from financial asset investments[7] - The cash inflow from investment activities was CNY 112,238,413.73, significantly higher than CNY 7,572,334.61 in Q1 2021, marking an increase of 1,384.5%[22] - The net cash flow from investment activities was CNY 94,721,854.98, compared to CNY -56,336,193.38 in the previous year, indicating a positive turnaround[22] Other Information - The company did not conduct an audit for the Q1 2022 report[24] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.0061, compared to CNY 0.0176 in Q1 2021, reflecting a negative shift in profitability[19] - The company's cash and cash equivalents decreased from 341,520,978.50 to 198,555,011.89, a decline of approximately 42%[13] - Accounts receivable decreased from 1,324,190,392.48 to 1,245,484,482.04, a reduction of about 6%[13] - Inventory increased from 742,958,064.04 to 882,684,914.28, an increase of approximately 19%[14] - Short-term borrowings decreased from 493,833,974.66 to 431,322,440.40, a reduction of approximately 13%[14] - The ending balance of cash and cash equivalents was CNY 180,411,072.89, down from CNY 265,818,206.69 at the end of Q1 2021[23]

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.43 billion, an increase of 18.14% compared to ¥2.06 billion in 2020[24]. - The net profit attributable to shareholders decreased by 14.59% to approximately ¥143 million from ¥167 million in 2020[24]. - The net cash flow from operating activities was negative at approximately -¥136 million, a decline of 235.27% compared to ¥100 million in 2020[24]. - The total assets at the end of 2021 were approximately ¥4.02 billion, reflecting a 9.91% increase from ¥3.66 billion at the end of 2020[24]. - The company reported a basic earnings per share of ¥0.43, down 14.00% from ¥0.50 in 2020[24]. - In 2021, the company achieved total operating revenue of ¥2,437,179,257.87, representing a year-on-year increase of 18.07%[57]. - The net profit for the year was ¥155,577,484.02, a decrease of 11.97% compared to the previous year, while the net profit attributable to shareholders was ¥143,037,754.68, down 14.59%[57]. - The company reported a total revenue of 3,155 million yuan for the year 2021, with a net profit of 428.16 million yuan, reflecting a significant performance in the market[98]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.80 RMB per 10 shares (including tax) based on a total share capital of 334,992,000 shares as of December 31, 2021[4]. - The company actively implements a cash dividend policy to enhance shareholder returns[113]. - The cash dividend distribution plan does not include stock dividends or capital reserve transfers for 2021[160]. - The company distributed a cash dividend of 1.80 yuan per 10 shares, totaling 60,027,624 yuan, which represents 100% of the profit distribution[158]. - The company plans to implement a three-year shareholder return plan from 2021 to 2023[122]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing, indicating stability in operations[22]. - The company operates in a mature industry characterized by high marketization and intense competition, with steady growth expected in the pipeline industry due to ongoing infrastructure investments[33]. - The company is involved in the research, production, and sales of various water supply and drainage pipeline products, as well as providing engineering services related to these products[34]. - New business models such as EPC and the application of technologies like Internet+ and BIM are expected to create new opportunities for the company's engineering consulting and contracting services[33]. - The company plans to expand its sales channels by introducing a dual-driven model of direct sales and consignment sales in 2022[39]. - The company’s core performance driver remains order-driven, heavily reliant on government investment in the water conservancy sector[40]. - The company has established a research and development advantage with over 30 senior researchers and 60 engineers, focusing on large-diameter concrete pipe technology[42]. - The company is focused on technological advancements, including the development of new technologies, processes, materials, and products to accelerate innovation and production efficiency[100]. Research and Development - The company holds 157 patents, including 10 invention patents and 147 utility model patents, enhancing its independent research and development capabilities[44]. - Research and development expenses increased by 33.68% to ¥78,737,804.14, compared to ¥58,901,265.10 in the previous year[73]. - The number of R&D personnel rose to 132, a 6.45% increase from 124 in the previous year[76]. - The company is in the small-scale testing phase for several new products, including a new flexible interface and a new type of anti-corrosion pipeline[75]. - Research and development efforts are being intensified, with an allocation of 50 million yuan towards new technology advancements in pipeline manufacturing[139]. Legal and Compliance Issues - The company is involved in a significant lawsuit with a total claim amount of 101.906 million RMB, which includes principal and interest[195]. - The company has faced multiple legal disputes, with claims involving amounts such as 79 million RMB and 14.5 million RMB, with interest calculated at an annual rate of 24%[196]. - The company has ongoing collection efforts through its subsidiary, with no significant progress reported in several cases[198]. - The company is actively pursuing collection through its subsidiary, with ongoing litigation efforts reported[199]. - The company has reported that some cases have reached a final judgment, but execution remains a challenge[200]. Environmental and Social Responsibility - The company is classified as a lightly polluting production unit and has obtained the necessary pollution discharge permits for its subsidiaries[172]. - The company adheres to various environmental protection laws and standards, ensuring compliance in its production activities[171]. - The company invested CNY 4,048,721.07 in environmental governance during the reporting period and paid CNY 103,536 in environmental protection tax[178]. - The company actively engaged in social responsibility by donating CNY 1.2 million to support flood relief efforts in Zhengzhou[181]. - The company focuses on green development and aims to build an environmentally friendly and resource-saving enterprise through technological advancements[181]. Governance and Management - The company has established a comprehensive internal control system to protect investor rights and ensure compliance with regulations[115]. - The board of directors strictly adheres to collective decision-making processes to ensure fair and scientific company governance[107]. - The company has developed a remuneration management system for directors and senior management to improve operational efficiency[110]. - The company has a clear asset relationship with its controlling shareholders, with no property disputes reported[119]. - The company has a complete and independent organizational structure, with no subordinate relationships to controlling shareholders[120]. Employee and Workforce Management - The total number of employees at the end of the reporting period is 2,400, with 1,107 in production and 228 in sales[152]. - The overall salary increase for 2021 was approximately 8%, with salary expenses accounting for about 10.35% of operating income[154]. - The employee stock ownership plan includes 79 employees holding a total of 7,456,000 shares, representing 2.23% of the company's total equity[162]. - Core technical personnel account for 32% of the total workforce, an increase of 8% from the previous year[154]. - The company has implemented a comprehensive training plan aimed at enhancing management and operational skills across various levels[156].

宁夏青龙管业集团股份有限公司 2021 年第三季度报告 证券代码：002457 证券简称：青龙管业 公告编号：2021-068 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 宁夏青龙管业集团股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 566,456,955.82 | 11.58% | 1,417,580,436.47 | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥851,123,480.65, representing a 61.13% increase compared to ¥528,231,935.81 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥43,329,341.11, a significant turnaround from a loss of ¥17,604,318.75 in the previous year, marking a 346.13% increase[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,750,547.91, compared to a loss of ¥23,956,625.80 last year, reflecting a 261.75% improvement[20]. - The basic earnings per share increased to ¥0.1293 from a loss of ¥0.0526, showing a growth of 345.82%[20]. - The total revenue for the reporting period reached RMB 853.51 million, representing a year-on-year increase of 61.29%[29]. - The company reported a total profit of ¥50,579,711.19 for the first half of 2021, compared to a total loss of ¥12,205,606.15 in the same period of 2020[150]. - The company achieved a comprehensive income total of ¥45,681,043.02 in the first half of 2021, compared to a comprehensive loss of ¥14,625,724.66 in the same period of 2020[150]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,910,749,247.04, up 6.99% from ¥3,655,311,931.22 at the end of the previous year[20]. - The net assets attributable to shareholders decreased slightly by 0.81%, totaling ¥2,080,302,065.27 compared to ¥2,097,331,326.15 at the end of the previous year[20]. - The company's cash and cash equivalents decreased to ¥193,708,614.50, down 8.91% from the previous year, primarily due to lower cash collections[49]. - Total liabilities increased to CNY 1,722,417,232.18 from CNY 1,450,371,064.28, representing a growth of about 18.7%[142]. - The company's equity attributable to shareholders decreased to CNY 2,080,302,065.27 from CNY 2,097,331,326.15, a decline of approximately 0.82%[143]. Cash Flow - The net cash flow from operating activities was negative at -¥439,759,093.42, worsening from -¥125,149,763.95 in the same period last year, indicating a decline of 251.39%[20]. - The company reported a total cash outflow from operating activities of 1,248,806,953.78 CNY, up from 852,603,801.43 CNY, highlighting increased operational costs[157]. - The cash flow from investment activities was -37,805,252.74 CNY, a decline from a positive cash flow of 60,825,019.79 CNY in the previous period, suggesting reduced investment returns[157]. Market Position and Operations - The company has a market share of approximately two-thirds in the prestressed concrete pipe (PCCP) industry, maintaining its position as the top producer in China for six consecutive years from 2015 to 2020[31]. - The company operates in a mature industry characterized by high marketization and intense competition, with significant opportunities arising from national water conservancy projects[28]. - The company signed new contracts worth RMB 771 million during the reporting period, with concrete pipes accounting for RMB 419 million, plastic pipes RMB 271 million, and steel pipes RMB 81 million[29]. Research and Development - Research and development investment increased by 41.83% to ¥27,704,002.70 from ¥19,533,073.63, reflecting the company's commitment to enhancing its R&D capabilities[42]. - The company holds a total of 149 patents, including 10 invention patents and 139 utility model patents, showcasing its strong innovation capacity[37]. - The company is focused on technological advancement and the development of new products and processes[81]. Environmental and Social Responsibility - The company adheres to various environmental protection laws and has obtained necessary pollution discharge permits for its subsidiaries[76]. - The company emphasizes the importance of employee health and satisfaction, conducting regular health check-ups for employees[81]. - The company actively promotes green development and ecological civilization construction within its operations[81]. Legal and Compliance - The company has not reported any significant penalties or corrective actions during the reporting period[99]. - There were no instances of illegal external guarantees during the reporting period[88]. - The semi-annual financial report has not been audited[90]. Future Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth[44]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[165]. - The company plans to invest in new technologies and product development to improve operational efficiency and product quality[178].