杭州锅炉集团股份有限公司投资者关系活动记录表 （2018-05-17） 编号：2018-001 证券代码： 002534 证券简称：杭锅股份 | --- | --- | --- | |-----------------------|---------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | √ 特定对象调研 | □分析师会议 | | 投资者关系活 | □ 媒体采访 □ | 业绩说明会 | | 动类别 | □ □ 现场参观 | 新闻发布会 □路演活动 | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称 | 民生证券 樊可 | | | 及人员姓名 | | | | 时间 | ...

杭州锅炉集团股份有限公司投资者关系活动记录表 （2018-11-15） 编号：2018-002 证券代码： 002534 证券简称：杭锅股份 | --- | --- | --- | --- | |--------------|--------------------------|----------------------------------------------|----------------------------------------------------------------------------------------------| | | | | | | | √ 特定对象调研 | □分析师会议 | | | 投资者关系活 | □ | 媒体采访 □ 业绩说明会 | | | 动类别 | □ □ 现场参观 | 新闻发布会 □路演活动 | | | | □ 其他 | （请文字说明其他活动内容） | | | 参与单位名称 | 理 | 日本第一生命保险 | (The Dai-ichi Life Insurance Company, Limited) ：周欢 投资经 | | 及人员姓名 | | 日本 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥2,140,708,411.51, representing a 51.87% increase year-over-year[6]. - The company reported a 34.58% increase in total revenue for the year-to-date, amounting to ¥5,651,651,224.52[14]. - The total revenue for the current period reached ¥5,651,651,224.52, an increase of 34.7% compared to ¥4,199,372,039.53 in the previous period[29]. - Commission income amounted to ¥5,514,098,446.61, up from ¥3,851,783,185.57, reflecting a growth of 43.2%[29]. - The net profit for the current period was ¥128,551,887.72, compared to ¥405,755,439.37 in the previous period, indicating a decline[29]. - The net profit attributable to shareholders decreased to ¥4,623,417.26, a decline of 95.51% compared to the same period last year[6]. - The net profit attributable to shareholders of the parent company for the current period is ¥102,735,907.39, compared to ¥357,337,217.17 in the previous period, representing a decrease of approximately 71.2%[32]. - The total comprehensive income for the current period is ¥147,255,527.22, down from ¥408,169,231.24 in the previous period, indicating a decline of about 64.1%[32]. Cash Flow - The net cash flow from operating activities was -¥513,161,804.47, reflecting a 275.31% decrease year-to-date[6]. - The net cash flow from operating activities for the current period is -¥513,161,804.47, compared to ¥292,716,906.90 in the previous period, reflecting a significant decrease[35]. - Cash inflow from operating activities totaled ¥4,475,492,627.45, slightly up from ¥4,429,301,641.11 in the previous period, showing a marginal increase of 1.04%[35]. - The cash outflow from operating activities increased to ¥4,988,654,431.92 from ¥4,136,584,734.21, marking an increase of approximately 20.6%[35]. - The net cash flow from investing activities is -¥523,261,868.49, compared to -¥423,075,081.20 in the previous period, indicating a worsening of cash flow by about 23.7%[37]. - The net cash flow from financing activities improved to ¥321,093,479.35 from -¥173,205,028.15, showing a positive turnaround[37]. - The cash and cash equivalents at the end of the period stand at ¥2,970,917,661.63, compared to ¥2,010,703,448.42 at the end of the previous period, representing an increase of approximately 47.8%[37]. Assets and Liabilities - Total assets increased by 9.72% to ¥15,295,715,775.41 compared to the end of the previous year[6]. - The company's total current assets as of September 30, 2022, amount to ¥10,498,453,003.18, an increase from ¥9,917,390,052.15 at the beginning of the year[22]. - The total assets of the company as of September 30, 2022, are ¥15,295,715,775.41, compared to ¥13,940,811,337.38 at the beginning of the year[22]. - The company's total liabilities increased by 151.32% to ¥878,371,064.60 due to new borrowings[11]. - Total liabilities increased to ¥11,252,612,128.31 from ¥9,926,949,572.75, representing a growth of 13.4%[25]. - Current liabilities totaled ¥9,049,138,956.11, up from ¥7,742,015,251.03, marking an increase of 16.9%[25]. - Non-current liabilities rose to ¥2,203,473,172.20 from ¥2,184,934,321.72, showing a slight increase of 0.8%[25]. - The total equity attributable to shareholders decreased to ¥3,583,697,268.28 from ¥3,637,381,104.10, a decline of 1.5%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,434, with the top 10 shareholders holding 76.09% of the shares[15]. - Xizi Elevator Group Co., Ltd. holds 39.01% of the shares, while Jinrun (Hong Kong) Co., Ltd. holds 21.89%[15]. - The top three shareholders, including Xizi Elevator Group, Jinrun (Hong Kong), and Hangzhou Industrial Investment Group, collectively hold 74.49% of the shares[15]. Goodwill and Investments - The company experienced a significant increase in goodwill by 663.30% to ¥156,771,631.52 due to the acquisition of Shanghai Lanjie Company and its subsidiary[11]. - Long-term equity investments rose by 65.45% to ¥781,394,469.67, attributed to new investments in joint ventures[11]. - Long-term equity investments rose to ¥781,394,469.67 from ¥472,285,309.01, showing a significant increase of approximately 65.3%[22]. - The company has a goodwill of ¥156,771,631.52, which increased from ¥20,538,671.59[22]. Earnings Per Share - The company’s basic earnings per share dropped by 100% to ¥0.00 for the current period[6]. - The basic and diluted earnings per share for the current period are both ¥0.14, down from ¥0.48 in the previous period, reflecting a decrease of approximately 70.8%[32]. Future Plans - The company plans to expand its market presence and invest in new technologies to enhance growth prospects[27].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[22]. - The company's operating revenue for the reporting period was ¥3,510,942,813.01, representing a 25.85% increase compared to ¥2,789,761,012.49 in the same period last year[29]. - The company achieved operating revenue of 3.51 billion yuan, a 25% increase compared to the same period last year, while net profit attributable to the parent company was 98.11 million yuan, a 61% decrease year-on-year[46]. - The net profit attributable to shareholders of the listed company decreased by 61.43% to ¥98,112,490.13 from ¥254,352,812.25 year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 79.90% to ¥45,375,504.08 from ¥225,732,327.47 in the previous year[29]. - The net cash flow from operating activities was negative at -¥544,724,231.01, a decline of 396.26% compared to ¥183,866,623.67 in the same period last year[29]. - Operating costs increased by 38.02% to ¥2,896,536,894.36, primarily due to rising raw material prices and increased sales volume[65]. - The weighted average return on net assets decreased to 2.70% from 7.45% in the previous year, reflecting a decline of 4.75%[29]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 20%, reaching a total of 500,000 active users by the end of June 2022[22]. - The company is actively pursuing market expansion strategies, targeting a 25% increase in market share in the renewable energy sector by the end of 2023[22]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2022, which would require a growth rate of approximately 10% in the second half[22]. - The company has completed a strategic acquisition of a smaller competitor for 150 million RMB, aimed at enhancing its technological capabilities and market presence[22]. - The company has established international collaborations with renowned firms such as GE and Mitsubishi Heavy Industries to enhance its competitive edge in overseas markets[61]. Research and Development - The company has been actively involved in the research and development of new energy technologies, including molten salt storage systems and advanced photovoltaic battery technologies[39][40]. - The company plans to reinvest profits into R&D, allocating 10% of total revenue towards innovation and technology advancements in the next fiscal year[22]. - Research and development investment rose by 52.85% to ¥216,137,255.36, driven by new product development efforts[65]. - The company has developed a 50MW molten salt energy storage system, which has achieved the highest average power generation rate among similar plants globally[56]. - The company is focusing on energy efficiency and carbon reduction opportunities in industrial sectors, driven by the dual carbon goals in China[38]. Sustainability and Environmental Commitment - The company is committed to sustainability, with plans to reduce carbon emissions by 30% by 2025 through improved operational efficiencies[22]. - The rooftop photovoltaic project with a capacity of 4.2MW is operational, generating an estimated annual power output of 4.25 million kWh, saving approximately CNY 270,148.27 in electricity costs annually[122]. - The company has invested CNY 43.1 million in greening projects, covering a total area of 48,473 square meters[122]. - The company has undertaken a green electricity molten salt storage demonstration project, which utilizes renewable energy for heating and power supply[39]. Financial Management and Risks - The company has identified risks related to raw material price fluctuations, which could impact profit margins by up to 5% if not managed effectively[6]. - The company has implemented a procurement strategy focusing on "production-based ordering, enhanced forecasting, strategic price locking, and appropriate stocking" to mitigate risks from material price fluctuations[51]. - The company is implementing measures to mitigate risks associated with accounts receivable and potential bad debts through enhanced internal controls[112]. - The company faces risks related to raw material price fluctuations, particularly steel, which could affect operational performance[111]. Shareholder and Equity Information - The company has a total of 31,516 shareholders, with the largest shareholder, Xizi Elevator Group Co., Ltd., holding 39.01% of the shares[182]. - The total number of shares held by the top 10 shareholders includes a repurchase account holding 20,568,146 shares, representing 2.78% of the total shares[182]. - The company reported a total of 288,349,956 shares held by Xizi Elevator Group, which is the largest shareholder[182]. - The total number of shares increased from 739,201,050 to 739,201,449, reflecting a net increase of 399 shares due to bond conversion[172]. - The company has incurred issuance costs totaling RMB 3,226,538.75 related to the convertible bonds[180]. Legal and Compliance Issues - The company is currently involved in several legal disputes that have resulted in the freezing of funds, impacting cash flow[82][83]. - The court has continued to freeze Sichuan Trust's account with a limit of 50 million yuan, with the latest freeze set to last until July 7, 2023[166]. - The company has not engaged in any related party transactions during the reporting period[135]. - There are no significant lawsuits or arbitration matters during the reporting period[130]. Investment and Capital Expenditure - The total investment amount for the reporting period was ¥1,447,368,544.80, a substantial increase of 473.12% compared to ¥252,543,373.43 in the same period last year[89]. - The company has ongoing projects in clean energy equipment manufacturing, with significant investments in various facilities aimed at enhancing production capacity[90]. - The total committed investment for the new energy technology manufacturing base is CNY 101,630.18 million, with an actual investment of CNY 7,186.29 million, representing 7.07% of the total commitment[98]. - The company has raised a total of CNY 109,630.18 million, with CNY 15,186.29 million utilized as of the reporting period[98].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,335,585,082.23, representing a 35.69% increase compared to ¥984,260,238.07 in the same period last year[3] - The net profit attributable to shareholders was ¥40,168,934.78, a decrease of 45.61% from ¥73,858,827.13 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,180,365.30, down 84.93% from ¥60,917,453.10 in the previous year[3] - The net profit for the first quarter was CNY 51,184,019.01, a decrease of 41.9% from CNY 88,099,528.89 in the previous year[17] - The company reported a decrease in comprehensive income to CNY 51,792,995.48 from CNY 88,367,684.71 year-on-year, a decline of 41.5%[18] - The basic and diluted earnings per share were both CNY 0.06, down from CNY 0.10 in the same quarter last year[18] Cash Flow - The net cash flow from operating activities was -¥495,513,533.34, worsening by 101.47% compared to -¥245,946,742.70 in the same period last year[3] - The cash flow from operating activities was CNY 997,392,720.53, compared to CNY 949,150,719.69 in the previous year, showing an increase of 5.1%[19] - The total cash outflow from operating activities was 1,631,442,003.15 CNY, compared to 1,254,244,087.91 CNY, representing an increase of about 30%[20] - The company reported a cash outflow of 1,157,816,559.02 CNY for purchasing goods and services, which is an increase from 825,732,307.05 CNY, indicating a rise of approximately 40%[20] - The net cash flow from investment activities was -78,258,308.97 CNY, compared to -368,014,689.35 CNY in the previous year, showing an improvement of approximately 78.7%[21] - Cash inflow from financing activities totaled 544,300,000.00 CNY, an increase from 317,589,810.00 CNY, marking a growth of about 71.4%[21] - The net cash flow from financing activities was 203,748,056.86 CNY, compared to 12,358,324.98 CNY in the previous year, indicating a significant increase of approximately 1,548.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,565,255,348.14, an increase of 4.48% from ¥13,940,811,337.38 at the end of the previous year[3] - The total assets of Xizi Clean Energy Equipment Manufacturing Co., Ltd. reached CNY 14.57 billion at the end of the first quarter, an increase from CNY 13.94 billion at the beginning of the year, reflecting a growth of approximately 4.5%[13] - The total liabilities of the company were CNY 8.23 billion, up from CNY 7.74 billion, reflecting an increase of about 6.4%[14] - The total liabilities rose to CNY 10,423,703,146.72, an increase of 5% from CNY 9,926,949,572.75[18] - The company’s expected liabilities increased to CNY 114,593,771.56 from CNY 110,462,050.02, reflecting a rise of 3.1%[18] Inventory and Goodwill - The company reported a significant increase in inventory, which rose by 32.72% to ¥2,265,202,228.17, attributed to the addition of Wuxi Dongfang Environment and increased material stock[6] - The company's goodwill increased by 94.13% to ¥39,871,991.19 due to the acquisition of Wuxi Dongfang Environment[6] - The company’s goodwill increased to CNY 39.87 million from CNY 20.54 million, marking an increase of approximately 94.2%[14] - Inventory increased significantly to CNY 2.27 billion from CNY 1.71 billion, representing a growth of approximately 32.6%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,188, with the largest shareholder holding 39.01% of the shares[8] Government Subsidies and Tax Refunds - The company received government subsidies amounting to ¥7,177,672.19 during the reporting period[4] - The company received tax refunds amounting to 14,610,901.96 CNY, compared to 7,789,299.68 CNY in the previous year, which is an increase of approximately 87.5%[20] Research and Development - Research and development expenses increased to CNY 96,685,765.15, compared to CNY 74,628,860.23 in the same quarter last year, reflecting a growth of 29.5%[17] Audit Information - The company did not conduct an audit for the first quarter report[22]

Financial Performance - The company's operating revenue for 2021 was CNY 6,578,131,091.07, representing a 22.83% increase compared to CNY 5,355,666,321.19 in 2020[29] - The net profit attributable to shareholders of the listed company decreased by 18.47% to CNY 420,289,602.33 from CNY 515,483,501.21 in the previous year[29] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 338,492,230.60, down 8.91% from CNY 371,617,123.31 in 2020[29] - The net cash flow from operating activities was CNY 823,823,744.92, a decrease of 3.36% compared to CNY 852,475,235.91 in 2020[29] - The total assets at the end of 2021 reached CNY 13,940,811,337.38, an increase of 33.93% from CNY 10,409,269,681.16 at the end of 2020[29] - The net assets attributable to shareholders of the listed company increased by 7.50% to CNY 3,637,381,104.10 from CNY 3,383,512,272.85 in 2020[29] - The basic earnings per share for 2021 was CNY 0.58, a decrease of 17.14% from CNY 0.70 in the previous year[29] - The diluted earnings per share also stood at CNY 0.58, reflecting the same percentage decrease as the basic earnings per share[29] - The weighted average return on net assets was 12.40%, down from 15.75% in 2020, indicating a decline of 3.35%[29] Cash Flow and Investments - The net cash flow from operating activities was CNY 823,823,744.92, a decrease of 3.36% from CNY 852,475,235.91 in the previous year[107] - Operating cash inflow totaled CNY 5,496,466,645.82, an increase of 37.72% compared to CNY 3,991,029,264.91 in 2020[107] - Net cash flow from investing activities decreased by 80.96% to -CNY 501,470,802.54, primarily due to fewer recoverable financial products[107] - Cash flow from financing activities increased by 2311.43% to CNY 1,034,801,775.48, mainly due to the issuance of convertible bonds[108] - The net increase in cash and cash equivalents was CNY 1,356,436,007.75, reflecting a growth of 161.08% from CNY 519,538,372.98 in 2020[107] - Cash and cash equivalents at year-end amounted to CNY 3,754,223,059.42, representing a 54% increase year-on-year[111] Revenue Segmentation - The equipment manufacturing sector contributed ¥6,452,594,476.37, accounting for 98.09% of total revenue, with a year-on-year growth of 21.92%[79] - The clean energy equipment segment saw a significant decline in revenue, dropping by 43.12% to ¥1,009,046,710.70 from ¥1,774,097,193.41 in 2020[79] - The solutions segment experienced a remarkable growth of 120.25%, generating ¥2,106,849,951.04 in revenue compared to ¥956,580,565.17 in the previous year[79] - Domestic sales accounted for 92.83% of total revenue, amounting to ¥6,106,391,403.15, with a year-on-year increase of 32.15%[79] Research and Development - Research and development investment reached 402.08 million yuan, an increase of 32% year-on-year, with a focus on solar power, biomass utilization, and carbon capture technologies[72] - The company has maintained an average annual R&D growth rate of 30% over the past three years, with total R&D investment reaching ¥402 million in 2021[95] - The company added 32 new effective patents during the reporting period, including 6 invention patents[95] - The company established a joint research center with Zhejiang University and Xi'an Jiaotong University to advance carbon capture and utilization technologies[171] Market and Competitive Position - The company is experiencing increasing market competition, both domestically and internationally, as it expands its overseas market presence[150] - Industry demand remains strong due to the dual carbon goals and energy structure adjustments in China, driving growth in the energy-saving and environmental protection sectors[152] - The market is shifting from product competition to solution competition, with companies needing to provide integrated energy-saving solutions to gain market share[152] - The company's overseas market competitiveness is improving, contributing significantly to its growth[153] Strategic Initiatives - The company is committed to becoming a global leader in energy-saving and environmental protection equipment, focusing on innovative energy solutions and digital services[68] - The company is actively pursuing a "traditional energy + new energy" development strategy, focusing on carbon capture and energy storage[99] - The company aims to achieve carbon peak and carbon neutrality goals in line with the "30·60 target" strategy[174] - The company is exploring innovative energy solutions and new business models in energy conservation and emission reduction[174] Subsidiaries and Acquisitions - The company established several subsidiaries during the reporting period, including Hangzhou Xizi Smart Energy Co., Ltd. and Zhejiang Xizi Carbon Technology Co., Ltd., with no significant impact on overall performance[143][146] - The company acquired a 51% stake in Lanjie Energy Technology (Shanghai) Co., expanding into advanced immersion high-pressure electrode boiler technology[75] - The company acquired Lanjie Energy Technology (Shanghai) Co., Ltd., expanding its equipment business into advanced immersion high-pressure electrode boiler technology[175] Risk Management - The company has established a complete risk control system for its hedging activities in hot-rolled futures, with a maximum margin not exceeding 100 million RMB[131] - The company faces risks related to raw material price fluctuations, particularly steel, and is implementing measures to stabilize procurement costs[164] Corporate Governance - The company established an independent financial department and internal audit department, ensuring a complete independent accounting system[190] - The company’s management structure is independent from the controlling shareholder, ensuring no mixed operations or shared offices[189] - The company’s financial independence is highlighted by its establishment of independent bank accounts and tax reporting[190]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,409,611,027.04, representing a 10.08% increase compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥102,984,404.92, a decrease of 38.93% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥85,349,486.87, an increase of 18.31% compared to the same period last year[4]. - The basic earnings per share for Q3 2021 was ¥0.14, down 39.13% year-on-year[4]. - The weighted average return on equity for Q3 2021 was 3.03%, a decrease of 2.10% compared to the same period last year[4]. - The company reported a decrease in short-term borrowings to RMB 300,000,000.00 from RMB 400,394,166.67, a reduction of about 25.0%[26][29]. - Net profit for the current period was ¥402,007,912.00, a decrease of 21.00% from ¥508,811,336.73 in the previous period[33]. - The company reported a total profit of ¥415,593,270.36, down from ¥592,587,887.36 in the previous period, indicating a decline of 29.93%[33]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥11,524,857,081.14, reflecting a 10.72% increase from the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2021 was ¥3,453,983,086.91, which is a 2.08% increase compared to the end of the previous year[4]. - The total liabilities of the company were RMB 7,671,936,081.25, compared to RMB 6,682,272,599.36, marking an increase of about 14.8%[26][29]. - The total assets increased to 10,524,767,659.87, reflecting a rise of 1.1% from 10,409,269,681.16[47]. - The total liabilities remained stable at 5,833,061,709.32, indicating no significant change[47]. - The total equity of the company was approximately 3.73 billion, unchanged[50]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥292,716,906.90, down 31.78% year-on-year[4]. - The company's cash flow from investing activities showed a net outflow of 423,075,081.20, a 44.94% improvement compared to the previous year[15]. - Cash inflow from investment activities totaled 1,199,497,893.90, down 52.1% from 2,503,923,035.36 in the previous period[40]. - The net cash flow from investment activities was -423,075,081.20, an improvement from -768,407,006.05 in the previous period[40]. - The total cash and cash equivalents at the end of the period was 2,010,703,448.42, up from 1,427,095,754.69 at the end of the previous period[40]. Operational Metrics - Trading financial assets decreased by 83.22% to 54,697,453.87 due to a reduction in non-fixed income financial products purchased[12]. - Accounts receivable increased by 43.65% to 277,273,235.99 primarily due to an increase in held-to-maturity notes[12]. - Inventory rose by 52.58% to 1,415,075,248.86 as a result of expanded sales and increased procurement[12]. - Contract liabilities increased by 39.05% to 2,337,213,591.17, reflecting growth in orders[12]. - Research and development expenses rose to ¥244,217,657.23, compared to ¥193,633,917.81 in the previous period, reflecting a growth of 26.16%[30]. Non-Recurring Items - The company received government subsidies amounting to ¥12,852,324.42 in Q3 2021, which is part of its normal business operations[8]. - The total non-recurring gains and losses for Q3 2021 amounted to ¥17,634,918.05[8]. - The company reported a 236.28% increase in non-operating income to 14,331,648.00, primarily from customer penalty payments[15]. - Investment income dropped by 93.10% to 10,704,856.12, mainly due to last year's gain from the sale of Qingqi equity[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,712, with the largest shareholder holding 39.01%[16]. - The company's equity attributable to shareholders reached RMB 3,453,983,086.91, up from RMB 3,383,512,272.85, reflecting a growth of approximately 2.1%[29]. Accounting Changes - The company has implemented new leasing standards affecting the financial statements starting from January 1, 2021[43]. - The company adopted new leasing standards starting January 1, 2021, with right-of-use assets and lease liabilities both recorded at approximately 115.50 million[51]. - The third quarter report was not audited[52].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,789,761,012.49, representing a 17.55% increase compared to ¥2,373,192,687.30 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was ¥254,352,812.25, a slight increase of 1.29% from ¥251,107,528.47 in the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥225,732,327.47, which is an 8.99% increase from ¥207,114,521.31 in the same period last year[29]. - The net cash flow from operating activities decreased by 53.38% to ¥183,866,623.67, down from ¥394,429,159.84 in the previous year[29]. - Total assets at the end of the reporting period were ¥10,978,422,509.23, reflecting a 5.47% increase from ¥10,409,269,681.16 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥3,350,701,824.19, showing a decrease of 0.97% from ¥3,383,512,272.85 at the end of the previous year[29]. - The basic earnings per share remained stable at ¥0.34, unchanged from the previous year[29]. - The diluted earnings per share also remained at ¥0.34, consistent with the previous year[29]. - The weighted average return on net assets was 7.45%, slightly down from 7.52% in the previous year[29]. Revenue Sources and Growth - The company achieved operating revenue of 2.78976 billion yuan, an increase of 17.55% compared to the same period last year[49]. - The net profit attributable to the parent company was 254.35 million yuan, a growth of 1.29% year-on-year[49]. - The company secured new orders totaling 5.7 billion yuan, representing an increase of 85.4% compared to the previous year[49]. - The order backlog as of June 30, 2021, stood at 7.79 billion yuan[49]. - The boiler and prime mover manufacturing sector contributed ¥2,742,094,239.59, accounting for 98.29% of total revenue, with a year-on-year growth of 17.33%[71]. - The sales of spare parts and services surged by 101.38% year-on-year, generating ¥239,301,746.01, which is 8.58% of total revenue[71]. - Domestic sales amounted to ¥2,425,036,085.41, making up 86.93% of total revenue, with a year-on-year increase of 13.06%[71]. Research and Development - Research and development investment rose to approximately ¥141.40 million, marking a 12.46% increase from ¥125.74 million in the previous year[68]. - The company is focusing on the development of energy-saving and environmental protection solutions, enhancing its service offerings beyond product sales[51]. - The company is actively involved in the research and development of new heat recovery boiler products in collaboration with clients[50]. - The company has developed a 50MW molten salt energy storage system, achieving the highest average power generation rate among similar projects globally[41]. - The company has developed a high-temperature, high-pressure biomass power generation boiler, significantly improving the efficiency and economic benefits of domestic power plants[59]. Environmental and Regulatory Compliance - The company has been recognized as a key pollutant discharge unit and adheres to strict environmental regulations, with no significant environmental violations reported[116]. - The company has implemented effective pollution control measures, including a dust removal system and desulfurization technology, ensuring emissions meet regulatory standards[119]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and approved by experts[122]. - The company has implemented an environmental monitoring plan, tracking pollutants such as wastewater and air emissions monthly[123]. - The environmental data from the Lehao Power Plant is synchronized with national and provincial environmental control platforms for real-time monitoring[124]. - There were no administrative penalties related to environmental issues during the reporting period[125]. Financial Management and Investments - The company has engaged in entrusted financial management, with a total amount of 109,712.96 million CNY, including 88,712.96 million CNY in bank financial products[157]. - The company reported a total investment of 10,000 million CNY in various financial products, with expected annualized returns ranging from 3.30% to 8.00%[161]. - The company has a total of 4,000 million CNY in trust products that are currently under litigation due to non-repayment issues, with a full impairment provision made for the unrecovered principal[165]. - The expected annualized return for the Sichuan Trust product was 7.60%, but the company has only received 1,000 million CNY of the 5,000 million CNY principal as of June 2021[165]. - The company has established a diversified portfolio of financial products to enhance returns and manage liquidity[161]. - The company is closely monitoring the regulatory environment surrounding its financial investments, particularly in light of the Sichuan Trust's management issues[165]. Shareholder Information - The total number of shares is 739,201,050, with 99.68% being unrestricted shares[177]. - The chairman, Wang Shuifu, increased his shareholding by 14,884,073 shares during the reporting period[177]. - The company has 13,555,345 restricted shares held by executives, with 11,163,055 shares newly added due to executive lock-up[180]. - The total number of common shareholders at the end of the reporting period was 15,554[183]. - The largest shareholder, Xizi Elevator Group Co., Ltd., holds 39.01% of shares, totaling 288,349,956 shares[183]. - The second-largest shareholder, Jinrun (Hong Kong) Co., Ltd., holds 21.89% of shares, totaling 161,784,000 shares[183]. - The third-largest shareholder, Hangzhou Industrial Investment Group Co., Ltd., holds 13.59% of shares, totaling 100,476,000 shares[183]. - The company did not engage in any agreed repurchase transactions during the reporting period[188]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly steel, and plans to implement measures such as pre-ordering and futures hedging to stabilize procurement costs[102]. - There is a risk of bad debts from accounts receivable, prompting the company to enhance its risk management and internal controls[105]. - The company anticipates increased market competition due to expanded capacity in the boiler industry and plans to invest more in R&D to maintain its leading position[106].

Financial Performance - The company's operating revenue for Q1 2021 was ¥984,260,238.07, representing a 6.38% increase compared to ¥925,218,654.38 in the same period last year[9]. - Net profit attributable to shareholders was ¥73,858,827.13, up 13.86% from ¥64,866,910.33 year-on-year[9]. - The net profit after deducting non-recurring gains and losses increased by 44.87%, reaching ¥60,917,453.10 compared to ¥42,050,018.23 in the previous year[9]. - Basic and diluted earnings per share were both ¥0.10, an increase of 11.11% from ¥0.09[9]. - The company reported a net profit of CNY 1,788,725,736.04, up from CNY 1,714,866,908.91[55]. - Net profit for the current period was ¥88,099,528.89, compared to ¥76,245,475.29 in the previous period, reflecting a growth of approximately 15.5%[70]. - Net profit for the current period is ¥42,924,569.53, which is a 16.0% increase from ¥36,728,069.08 in the previous period[78]. - The total comprehensive income for the current period is ¥42,924,569.53, compared to ¥36,728,069.08 in the previous period, reflecting a growth of 16.0%[78]. Cash Flow - The net cash flow from operating activities was negative at -¥245,946,742.70, a decline of 194.06% from ¥261,476,159.57 in the same period last year[9]. - Cash flow from operating activities is ¥1,008,297,345.21, down from ¥1,114,113,284.45, representing a decrease of 9.5%[82]. - The net cash flow from operating activities was -CNY 290,224,211.45, a significant decline compared to CNY 121,517,783.37 in the previous period[89]. - The company reported a total cash outflow from operating activities of CNY 1,021,378,746.50, compared to CNY 631,560,161.73 in the previous period[89]. - The cash flow from sales of goods and services was CNY 708,285,429.62, a decrease from CNY 733,109,264.46 in the prior year[89]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,375,017,142.36, a decrease of 0.33% from ¥10,409,269,681.16 at the end of the previous year[9]. - The company's total current assets amounted to ¥7,081,727,343.33, a decrease from ¥7,370,653,008.37 as of December 31, 2020, reflecting a decline of approximately 3.9%[46]. - The company's total liabilities were CNY 6,537,585,383.95, down from CNY 6,682,272,599.36[52]. - Total liabilities decreased to ¥4,286,777,773.54 from ¥4,453,385,843.00[62]. - The company's equity increased to CNY 3,837,431,758.41 from CNY 3,726,997,081.80[55]. - The company's total assets decreased to ¥7,630,226,576.73 from ¥7,752,556,700.19[62]. - Current liabilities decreased to CNY 5,593,977,576.06 from CNY 5,833,061,709.32[52]. Expenses - Total operating costs amounted to ¥903,730,016.77, up from ¥835,690,974.35 year-over-year[67]. - Sales expenses increased by 59.36% to ¥32,006,627.51 driven by higher salaries and service fees[21]. - Management expenses rose by 48.25% to ¥77,543,764.36 mainly due to increased salaries and project rectification costs[21]. - Research and development expenses rose to ¥74,628,860.23 from ¥57,527,969.87, indicating a focus on innovation[67]. - The company’s sales expenses increased to ¥23,983,493.31 from ¥12,467,804.30, marking a rise of 92.5%[75]. Investments - The company reported non-operating income of ¥8,927,471.11 from government subsidies closely related to business[9]. - Investment income fell by 54.82% to ¥7,610,729.43 due to reduced financial investment returns[21]. - The company has no significant securities or derivative investments during the reporting period[25][26]. - The company has a long-term investment of ¥441.00 million in equity investments[99]. - The company has maintained a stable interest income of ¥4,454,254.72, significantly higher than ¥1,969,255.78 from the previous period[75]. Shareholder Information - The top shareholder, Xizi Elevator Group Co., Ltd., holds 39.01% of the shares, while the second-largest shareholder, Jinrun (Hong Kong) Co., Ltd., holds 21.89%[13]. - The company did not engage in any repurchase transactions during the reporting period[17]. - The company has no violations regarding external guarantees during the reporting period[38]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[39]. Future Outlook - The company plans to expand its market presence and invest in new technologies in the upcoming quarters[60]. - The company engaged in multiple investor communications discussing operational performance and future strategies during March 2021[42].

Financial Performance - The company's operating revenue for 2020 was ¥5,355,666,321.19, representing a 36.37% increase compared to ¥3,927,432,985.42 in 2019[27]. - The net profit attributable to shareholders for 2020 was ¥515,483,501.21, a 40.79% increase from ¥366,123,625.55 in 2019[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥371,617,123.31, up 58.32% from ¥234,719,273.09 in 2019[27]. - The basic earnings per share for 2020 was ¥0.70, a 40.00% increase from ¥0.50 in 2019[27]. - The total assets at the end of 2020 were ¥10,409,269,681.16, an increase of 11.95% from ¥9,298,019,715.08 at the end of 2019[27]. - The net assets attributable to shareholders at the end of 2020 were ¥3,383,512,272.85, a 4.03% increase from ¥3,252,353,041.92 at the end of 2019[27]. - The company reported a net cash flow from operating activities of ¥852,475,235.91 in 2019, which decreased by 5.82% in 2020[27]. - The total operating revenue for 2020 reached ¥5,355,666,321.19, representing a year-on-year increase of 36.37% compared to ¥3,927,432,985.42 in 2019[78]. - The boiler and prime mover manufacturing sector contributed ¥5,292,613,117.65, accounting for 98.82% of total revenue, with a year-on-year growth of 38.39%[78]. - The sales of waste heat boilers amounted to ¥2,210,417,717.17, which is 41.27% of total revenue, showing a growth of 38.74% year-on-year[78]. - The gross profit margin for the boiler and prime mover manufacturing sector improved to 22.91%, up by 2.49% from the previous year[78]. - Domestic sales accounted for 86.28% of total revenue, amounting to ¥4,620,774,266.61, with a year-on-year increase of 32.84%[78]. - The company reported a significant increase in foreign sales, which grew by 63.73% year-on-year, totaling ¥734,892,054.58[78]. - The company reported a significant increase in sales expenses to ¥118,252,187.12, up 79.91% from ¥65,729,808.45 in 2019, primarily due to increased sales scale[93]. Dividends and Share Capital - The company reported a cash dividend of 4 RMB per 10 shares for a total of 718,632,904 shares, excluding repurchased shares[7]. - The total cash dividend proposed for 2020 is RMB 287,453,161.60, with a distribution of RMB 4 per 10 shares[166]. - The cash dividend for 2020 represents 55.76% of the net profit attributable to ordinary shareholders, which is RMB 515,483,501.21[170]. - The total cash dividend amount, including other methods, is RMB 320,170,649.75, which accounts for 100% of the profit distribution[171]. - The company’s total share capital is 739,201,050 shares, with 20,568,146 shares repurchased[7]. Business Operations and Strategy - The company operates in the energy-saving and environmental protection industry, focusing on waste heat boilers and clean energy equipment[41]. - The company maintains an order-based production model and direct sales approach for its products[43]. - The company is committed to expanding its core business in energy-saving and environmental protection equipment, particularly waste heat boilers[43]. - The company plans to focus on energy utilization upgrades and solution innovations, aiming to become a global leader in energy-saving and environmental protection equipment[58]. - The company has developed a 50MW molten salt energy storage system, which has achieved the highest average power generation rate among similar plants globally[48]. - The company is implementing a "Lean Manufacturing" and "Innovative Cooperation" strategy to enhance its core competitiveness[58]. - The company has established a new energy + energy storage business model, which is set to be applied in various scenarios such as energy storage and peak shaving[54]. - The company achieved new orders of 6.24 billion yuan during the reporting period, a 32% increase year-on-year, with waste heat boiler equipment orders growing by 55% to 3.52 billion yuan[64]. - The company is actively exploring new energy and storage business models, with initial research and development completed for applications in energy storage and peak shaving[63]. - The company is expanding its market presence internationally, establishing offices in Thailand and Dubai, and planning to open offices in Bangladesh, Indonesia, and Russia[69]. - The company aims to transition from being a single equipment provider to a comprehensive energy solution supplier, enhancing its market share through integrated solutions[134]. - The company is committed to achieving carbon neutrality by 2060 and will continue to explore new business models in energy conservation and emission reduction[139]. Research and Development - Research and development investment reached 30.488 million yuan, a 55% increase compared to the previous year, reflecting the company's commitment to innovation[68]. - The company established a strategic cooperation with Zhejiang University to form an advanced energy joint research center, focusing on solar power, biomass utilization, and carbon capture technologies[68]. - The company has established a joint energy technology research institute with Xi'an Jiaotong University and an advanced energy R&D center with Zhejiang University to enhance product quality and address key technology challenges in the new energy sector[95][97]. - The company successfully developed a high-efficiency waste heat recovery device for propane dehydrogenation systems, expanding its product offerings in the petrochemical industry[98]. - The company is actively engaged in research on nuclear power products, focusing on pressure vessels and heat exchangers, to promote the development of domestic nuclear power products[99]. - The company's R&D investment reached ¥304,882,704.59 in 2020, an increase of 54.90% compared to ¥196,820,475.57 in 2019, with R&D expenses accounting for 5.69% of total revenue[101]. - The number of R&D personnel increased to 596 in 2020, representing 26.68% of the workforce, up from 530 and 25.35% in 2019[101]. - The company applied for 24 patents in 2020, with 29% being invention patents, and received 32 authorized patents, with 19% being invention patents[94]. Risk Management - The company faces risks including fluctuations in raw material prices, bad debts from accounts receivable, and market competition[6]. - The company has a risk of market changes and competition that could impact its financial performance[6]. - The company is addressing risks related to raw material price fluctuations and accounts receivable by implementing stricter management and control measures[147]. Corporate Governance and Compliance - The company has not changed its main business since its listing, indicating stability in operations[25]. - The company has not reported any changes in its controlling shareholders since its listing, indicating stable ownership[25]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company strictly fulfilled commitments related to avoiding competition and related transactions, with a commitment to increase shareholding between 14,784,100 shares (approximately 2% of total shares) and 22,176,000 shares (approximately 3% of total shares) by Wang Shuifu[174]. - The company executed new revenue recognition standards starting January 1, 2020, impacting the financial statements without adjusting prior periods[177]. - The company reported no significant accounting errors requiring restatement during the reporting period[178]. - The company had no major litigation or arbitration matters during the reporting period[183]. - The company disclosed a related party transaction amounting to 28.2655 million yuan for engineering construction services, representing 26% of similar transaction amounts[188]. - The company did not engage in any asset or equity acquisition or sale transactions during the reporting period[189]. - The company did not have any major guarantees during the reporting period[195]. - The company has no instances of illegal external guarantees during the reporting period[198]. Investments and Acquisitions - The company acquired a 22.23% stake in Zhejiang Zhongguang New Energy Technology Co., Ltd. for ¥300,119,906.81, focusing on solar thermal power station operations[118]. - The company invested ¥302,594,940.31 in the Dingqiao Joint Factory Renovation Project, with a total actual investment of ¥387,277,322.31, aimed at enhancing R&D and manufacturing services[121]. - The company approved a guarantee amount of ¥17,850 million for its subsidiary, Hangzhou Lin'an Green Energy Environmental Power Co., Ltd., with a guarantee period of 10 years[197]. - The actual guarantee amount utilized during the reporting period totaled ¥10,000 million, which is 2.96% of the company's net assets[197]. - The company engaged in cash asset management, with a total of ¥40,500 million in broker financial products and ¥150,720 million in bank financial products[200]. - The outstanding balance for broker financial products is ¥12,000 million, while the outstanding balance for bank financial products is ¥46,195.37 million[200]. Industrial Development - The company has successfully attracted over 100 enterprises to its second phase of the industrial park, which covers approximately 240,000 square meters[156]. - The occupancy rate of the second phase project has exceeded 45%, indicating strong demand for the facilities[156]. - The company plans to complete the construction of the fourth phase, which focuses on smart manufacturing and covers about 60,000 square meters, by 2022[156]. - The industrial park is positioned to become a stable profit growth point and an important platform for investment development once fully operational[156]. - The company has introduced high-end brands such as Sam's Club, Haidilao, KFC, and Starbucks to its third phase of the industrial park, enhancing its commercial offerings[156]. - The company is developing the Xizi Smart Industrial Park, which is expected to become a new profit growth point upon full operation[154].