Financial Performance - The company's operating revenue for the first half of 2021 was CNY 650,173,392.19, representing a 54.64% increase compared to CNY 420,438,976.79 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 86,028,144.57, a significant turnaround from a loss of CNY 132,746,259.13 in the previous year, marking a 164.81% improvement[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65,187,742.86, compared to a loss of CNY 80,683,348.16 last year, reflecting a 180.79% increase[19]. - The basic earnings per share improved to CNY 0.06 from a loss of CNY 0.13, indicating a 146.15% increase[19]. - The total operating revenue for the first half of 2021 reached ¥650,173,392.19, a significant increase of 54.6% compared to ¥420,438,976.79 in the same period of 2020[153]. - The net profit for the first half of 2021 was ¥88,862,630.30, a turnaround from a net loss of ¥134,348,302.60 in the first half of 2020[155]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,883,949,406.17, down 4.39% from CNY 4,062,458,114.76 at the end of the previous year[19]. - The total liabilities of the company were CNY 1,524,484,855.50, down from CNY 1,801,371,854.23, showing a decrease of approximately 15.4%[147]. - The company's total assets decreased slightly to ¥3,768,889,113.22 from ¥3,830,055,695.07, indicating a reduction of approximately 1.6%[152]. - The total liabilities also saw a decrease, totaling ¥1,330,825,775.60 compared to ¥1,368,800,433.57, a decline of about 2.8%[152]. Cash Flow - The company reported a net cash flow from operating activities of CNY -136,698,747.67, which is a 113.34% decline compared to CNY -64,076,561.50 in the same period last year[19]. - Operating cash flow net amount was -136.70 million yuan, a decrease of 113.34% year-on-year, mainly due to project payment delays caused by the pandemic[38]. - The total cash outflow from operating activities was 843,920,075.08 CNY, compared to 777,527,719.18 CNY in the first half of 2020[162]. - The company’s cash flow from operating activities showed a negative trend, highlighting potential operational challenges[166]. Revenue Segmentation - The oil and gas engineering and services segment generated revenue of 395.58 million yuan, up 75.40% year-on-year, accounting for 60.84% of total revenue[28]. - Revenue from oil and gas resource development and utilization was 226.75 million yuan, a 32.30% increase year-on-year, making up 34.88% of total revenue[30]. - The environmental engineering and services segment reported revenue of 27.84 million yuan, an 18.38% increase year-on-year, contributing 4.28% to total revenue[29]. Investment and R&D - Research and development investment decreased by 17.69% to 25.12 million yuan compared to the previous year[38]. - The company reported an investment amount of 338,600,890.02 yuan for the reporting period, representing a 129.16% increase compared to the previous year's investment of 147,756,829.05 yuan[55]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[153]. Risks and Challenges - The company faces various risks including reliance on the oil industry and price fluctuations, policy changes in the oil and gas sector, and impacts from the COVID-19 pandemic[5]. - The company is experiencing cyclical demand fluctuations in domestic markets due to varying geological conditions and investment needs[44]. - The ongoing COVID-19 pandemic has created uncertainties, especially for overseas operations; the company is implementing various measures to minimize the impact on its business[71]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company emphasizes the protection of shareholder rights, ensuring transparency and stability in profit distribution policies[87]. - The total number of shares before the recent changes was 1,070,810,000, with a total of 299,783,772 new shares issued[120]. - The company reported a profit distribution of CNY 1,750,000,000 to shareholders during the current period[172]. Environmental and Regulatory Compliance - The company has established an environmental monitoring plan that includes annual monitoring of groundwater and quarterly monitoring of waste gas and noise[85]. - There were no penalties imposed on the company during the reporting period due to environmental issues[85]. - The financial report for the first half of 2021 was approved by the board of directors on August 27, 2021[183]. Strategic Focus and Future Plans - The company aims to become a leading oil and gas service provider, emphasizing technological innovation and customer satisfaction[89]. - The company is exploring potential mergers and acquisitions to enhance market presence and operational efficiency[176]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[176].

Financial Performance - The company's operating revenue for 2020 was ¥1,135,524,875.03, a decrease of 50.49% compared to ¥2,293,448,711.70 in 2019[17] - The net profit attributable to shareholders for 2020 was -¥178,420,830.75, representing a decline of 309.30% from a profit of ¥85,244,434.38 in 2019[17] - The net cash flow from operating activities was -¥145,682,759.65 in 2020, a decrease of 146.04% compared to ¥316,407,985.43 in 2019[17] - The basic earnings per share for 2020 was -¥0.17, down 312.50% from ¥0.08 in 2019[17] - The total assets at the end of 2020 were ¥4,062,458,114.76, a decrease of 2.66% from ¥4,173,382,731.14 at the end of 2019[18] - The net assets attributable to shareholders increased by 24.62% to ¥2,205,140,052.40 at the end of 2020, compared to ¥1,769,519,655.74 at the end of 2019[18] - The company reported a significant increase in non-operating losses, leading to a negative net profit after deducting non-recurring gains and losses[17] - In Q4 2020, the company reported a revenue of CNY 450,169,049.74, marking a significant increase compared to previous quarters[22] - The net profit attributable to shareholders in Q4 2020 was CNY 16,911,667.10, a turnaround from losses in the earlier quarters[22] - The company experienced a total net loss of CNY 61,253,744.77 in Q4 2020 from operating activities, indicating ongoing cash flow challenges[22] Business Operations - The company has not made any changes to its main business since its listing[16] - The company specializes in providing comprehensive solutions for oil and gas resource development, focusing on efficient and clean energy production[30] - The main business includes oil and gas engineering services, environmental engineering, and resource development, with a strong emphasis on EPCC contracting services[31] - The company expanded its municipal environmental protection business, focusing on wastewater treatment and air pollution control, enhancing its strategic transformation[34] - The company is actively expanding its international market presence, particularly in the Middle East and Africa, to secure large-scale orders[38] - The company is focused on expanding its international market presence, particularly in regions like the Middle East and Africa, to mitigate domestic market challenges[48] Investment and Financing - The company successfully completed a private placement of shares, raising a net amount of CNY 677 million, which effectively alleviated cash flow pressure and supported business expansion[36] - The company reported an increase in long-term equity investments by CNY 185.23 million due to changes in accounting methods for its stake in Antong Group[39] - The total investment amount for the reporting period was CNY 333,072,197.51, representing a 125.29% increase compared to the previous year's investment of CNY 147,843,698.74[80] - The company raised a total of CNY 698,496,188.76 through a private placement of 299,783,772 shares at a price of CNY 2.33 per share, with a net amount of CNY 676,805,985.20 after deducting issuance costs[86] Risk Management - The company faces risks related to reliance on the oil industry and fluctuations in oil prices, as well as potential impacts from the COVID-19 pandemic[4] - The company is aware of risks related to reliance on the oil industry and oil price fluctuations, which could negatively impact its oil and gas engineering services[104] - The ongoing COVID-19 pandemic poses risks to the company's overseas operations, and it is taking steps to minimize the impact on business performance[112] - The company is implementing measures to mitigate risks associated with exchange rate fluctuations, particularly as overseas projects increase[110] Environmental and Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on sustainable development and community contributions[158] - The company reported zero emissions for non-methane total hydrocarbons (NMHC), smoke, SO2, and NOX, with total hazardous waste treated amounting to 31,356 tons annually[164] - The company constructed a 150m³ wastewater collection tank, which is now in use, employing C25 concrete with a permeability coefficient of 10^-7 cm/s[164] - The company has established an emergency response plan for hazardous waste environmental pollution incidents[168] Corporate Governance - The actual controller and shareholders have fulfilled their commitments during the reporting period, ensuring the independence of the company in major decision-making matters[121] - The company has committed to ensuring no interference in its major decision-making processes from its controlling shareholders[121] - The company will ensure compliance with all commitments regarding potential competition during the control period[123] - The company will strictly adhere to relevant laws and regulations regarding related party transactions to protect shareholder rights[124] Shareholder Information - The total number of shares is 1,070,810,000, with 71.75% being unrestricted shares[174] - Major shareholders include Huang Song with 10.80% (115,661,850 shares), Bai Mingyin with 6.94% (74,347,800 shares), and Xiao Rong with 5.76% (61,723,912 shares)[182] - The company reported a reduction in restricted shares, with Huang Song's restricted shares decreasing by 28,915,463 to 86,746,387[177] - The company has not reported any share buybacks or significant changes in shareholding structure outside of the private placement[178]

Financial Performance - The company's revenue for Q3 2021 reached ¥374,817,894.64, representing a 41.49% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥26,020,217.40, a significant increase of 141.57% year-over-year[4] - The net profit excluding non-recurring items was ¥23,724,283.14, up 148.11% from the previous year[4] - Basic earnings per share for Q3 2021 were ¥0.02, reflecting a 133.33% increase compared to the same period last year[4] - Total operating revenue for Q3 2021 reached ¥1,024,991,286.83, a significant increase of 49.6% compared to ¥685,355,825.29 in the same period last year[23] - Net profit for Q3 2021 was ¥116,240,593.31, a turnaround from a net loss of ¥191,876,516.21 in Q3 2020[25] - The total comprehensive income for Q3 2021 was ¥127,405,715.61, compared to a loss of ¥205,280,174.17 in Q3 2020[26] - The company reported an investment income of ¥20,557,250.87, compared to ¥9,320,277.87 in the previous year, representing an increase of 120.5%[25] Cash Flow and Liquidity - The operating cash flow for the year-to-date period was ¥198,733,856.76, showing a remarkable increase of 335.39%[4] - Cash inflow from operating activities increased by 44.20% to ¥1,510,040,659.71 year-to-date[12] - Operating cash inflow for the current period reached ¥1,510,040,659.71, an increase of 44.2% compared to ¥1,047,154,502.12 in the previous period[28] - Net cash flow from operating activities was ¥198,733,856.76, a significant recovery from a negative cash flow of ¥84,429,014.88 in the previous period[29] - Cash inflow from financing activities was ¥239,627,098.90, a decrease from ¥821,298,489.86 in the previous period, leading to a net cash outflow of ¥431,866,632.09 from financing activities[30] - The net increase in cash and cash equivalents was -¥323,053,605.14, compared to -¥220,771,590.21 in the previous period[30] - The ending balance of cash and cash equivalents was ¥279,293,683.47, down from ¥298,550,020.35 in the previous period[30] Assets and Liabilities - Total assets as of September 30, 2021, were ¥3,843,727,841.94, a decrease of 5.38% from the end of the previous year[6] - The company's total liabilities decreased to ¥1,452,557,448.66 from ¥1,801,371,854.23, indicating a reduction of approximately 19.4%[22] - The total equity attributable to shareholders increased to ¥2,329,781,953.81 from ¥2,205,140,052.40, marking an increase of about 5.6%[22] - The company's cash and cash equivalents decreased from 889,237,684.43 yuan at the end of 2020 to 548,666,746.28 yuan by September 30, 2021, a decline of approximately 38.3%[20] - Accounts receivable decreased from 683,982,717.28 yuan at the end of 2020 to 609,754,925.63 yuan, a reduction of about 10.8%[20] - The total assets decreased from 4,062,458,114.76 yuan at the end of 2020 to 3,843,727,841.94 yuan, a decline of approximately 5.4%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 55,276[15] - The largest shareholder, Changsha Water Industry Group, holds 30.22% of shares, totaling 407,059,723 shares[15] - The total number of shares held by the top ten shareholders with unrestricted shares amounts to 107,275,951 shares held by Changsha Water Industry Group[15] Contracts and Projects - The company confirmed sales revenue of 61.90 million yuan from the contract with PETRONAS for the Iraq Garraf oil project during the reporting period[17] - The company has ongoing contracts with PetroChina and LUKOIL, with confirmed sales revenues of 36.16 million yuan and 3,029.41 million yuan respectively[17] - The company is currently working on a project with POLY-GCL in Ethiopia, valued at 31,158.46 million USD, which has not yet commenced[17] Research and Development - Research and development expenses for Q3 2021 were ¥38,837,427.94, down from ¥45,297,575.51, showing a decrease of 14.2%[23] Compliance and Reporting - The company has implemented new leasing standards affecting the financial statements, indicating a proactive approach to compliance and financial reporting[31] - The company has adopted the new leasing standards effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[34] - The third quarter report was not audited, indicating preliminary financial data[36] - The report was issued by the board of directors on October 25, 2021[37]

证券代码：002554 证券简称：惠博普 公告编号：HBP2021-067 华油惠博普科技股份有限公司 关于参加 2021 年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，不存在虚假 记载、误导性陈述及重大遗漏。 为进一步增强与投资者的沟通交流，使广大投资者能更深入全面地了解公司 情况，华油惠博普科技股份有限公司（以下简称"公司"）将参加由中国证券监 督管理委员会湖南监管局、湖南省上市公司协会与深圳市全景网络有限公司联合 举办的"2021 年湖南辖区上市公司投资者网上集体接待日"活动，现将有关事 项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互 联网平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参 与公司本次投资者网上集体接待日活动，活动时间为 2021 年 9 月 24 日（星期五） 下午 15:00 至 17:00。 届时，公司董事会秘书和证券事务代表将通过网络在线问答互动的形式，与 投资者进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 | --- | --- | --- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 650,173,392.19, representing a 54.64% increase compared to CNY 420,438,976.79 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 86,028,144.57, a significant turnaround from a loss of CNY 132,746,259.13 in the previous year, marking a 164.81% improvement[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65,187,742.86, compared to a loss of CNY 80,683,348.16 last year, reflecting a 180.79% increase[19]. - The basic earnings per share increased to CNY 0.06 from a loss of CNY 0.13, showing a 146.15% improvement[19]. - The company reported a net cash flow from operating activities of CNY -136,698,747.67, which is a decline of 113.34% compared to CNY -64,076,561.50 in the same period last year[19]. - The weighted average return on net assets improved to 3.82% from -7.79% in the previous year, an increase of 11.61%[19]. Revenue Breakdown - The oil and gas engineering and services segment generated revenue of 395.58 million yuan, up 75.40% year-on-year, accounting for 60.84% of total revenue[28]. - The environmental engineering and services segment reported revenue of 27.84 million yuan, an 18.38% increase year-on-year, contributing 4.28% to total revenue[29]. - Revenue from oil and gas resource development and utilization was 226.75 million yuan, reflecting a 32.30% year-on-year growth, making up 34.88% of total revenue[30]. - New orders signed during the reporting period amounted to 2.366 billion yuan, primarily from overseas oil and gas engineering service projects[27]. - The company ended the period with a backlog of orders totaling 4.565 billion yuan, a 49.53% increase year-on-year[27]. Asset and Liability Management - The total assets at the end of the reporting period were CNY 3,883,949,406.17, a decrease of 4.39% from CNY 4,062,458,114.76 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to CNY 2,298,683,856.81, up 4.24% from CNY 2,205,140,052.40 at the end of the previous year[19]. - The total liabilities decreased to CNY 1,524,484,855.50 from CNY 1,801,371,854.23, representing a reduction of approximately 15.4%[148]. - The company's equity attributable to shareholders increased to CNY 2,298,683,856.81 from CNY 2,205,140,052.40, marking an increase of about 4.2%[149]. Cash Flow Analysis - The company reported a decrease in cash and cash equivalents to CNY 576,582,350.43, down 7.04% from the previous year[47]. - Operating cash flow net amount decreased by 113.34% to -136.70 million yuan, mainly due to project payment delays caused by the pandemic[38]. - The cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company[156]. - The company received cash from borrowings amounting to 190,716,635.00 CNY during the financing activities[167]. Research and Development - Research and development investment decreased by 17.69% to 25.12 million yuan compared to the previous year[38]. - Research and development expenses were ¥25,122,328.32, a decrease of 17.8% from ¥30,522,038.62 in the previous year[154]. Risk Factors - The company faces various risks including reliance on the oil industry and price fluctuations, policy changes in the oil and gas sector, and impacts from the COVID-19 pandemic[5]. - The company relies heavily on a few major clients, primarily large state-owned oil groups and foreign energy giants, which increases customer concentration risk; efforts are being made to diversify the client base[68]. - The ongoing COVID-19 pandemic has created uncertainties, especially for overseas operations; the company is implementing various measures to minimize the impact on business performance[71]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company emphasizes the protection of shareholder rights, ensuring transparency and compliance with regulations regarding shareholder meetings and profit distribution policies[87]. - The company has no significant equity or non-equity investments during the reporting period[56][57]. Environmental and Social Responsibility - The company has a total of 31,356 tons/year of harmlessly treated waste residue, with no reported pollution incidents during the reporting period[84]. - The company has established an environmental monitoring plan that includes annual monitoring of groundwater and quarterly monitoring of waste gas and noise[84]. - The company has not faced any penalties related to environmental issues during the reporting period[84]. Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[181]. - The company aims to become a leading oil and gas service provider by focusing on technological innovation and customer satisfaction[89].

Financial Performance - The company's operating revenue for 2020 was ¥1,135,524,875.03, a decrease of 50.49% compared to ¥2,293,448,711.70 in 2019[17]. - The net profit attributable to shareholders was a loss of ¥178,420,830.75, representing a decline of 309.30% from a profit of ¥85,244,434.38 in the previous year[17]. - The net cash flow from operating activities was negative at ¥145,682,759.65, a decrease of 146.04% compared to ¥316,407,985.43 in 2019[17]. - The total assets at the end of 2020 were ¥4,062,458,114.76, down 2.66% from ¥4,173,382,731.14 at the end of 2019[18]. - The net assets attributable to shareholders increased by 24.62% to ¥2,205,140,052.40 from ¥1,769,519,655.74 in 2019[18]. - The basic earnings per share for 2020 was -¥0.17, a decrease of 312.50% from ¥0.08 in 2019[17]. - The weighted average return on net assets was -10.52%, a decline of 15.46% from 4.94% in the previous year[17]. - The company reported a significant increase in non-operating losses, indicating challenges in maintaining profitability[17]. - In Q4 2020, the company reported a revenue of CNY 450,169,049.74, marking a significant increase compared to Q2 2020's revenue of CNY 165,830,970.35[22]. - The net profit attributable to shareholders in Q4 2020 was CNY 16,911,667.10, a recovery from losses in the previous three quarters[22]. - The company experienced a total net cash flow from operating activities of -CNY 61,253,744.77 in Q4 2020, indicating ongoing cash flow challenges[22]. Market and Industry Outlook - The company faces risks related to reliance on the oil industry and fluctuations in oil prices, as well as potential impacts from the COVID-19 pandemic[4]. - The company is positioned to benefit from the recovery of the oil and gas industry as global demand rebounds post-COVID-19[26]. - The Chinese government's energy policies are expected to enhance the market for oil and gas exploration and production services, providing growth opportunities for the company[26]. - The company aims to leverage the increasing focus on green and low-carbon development strategies to expand its market presence[27]. - The establishment of the National Pipeline Company is anticipated to accelerate the construction of oil and gas infrastructure, creating new business opportunities for the company[28]. - The oil service industry is expected to gradually recover as global vaccination progresses and oil demand rebounds, following a significant decline due to the COVID-19 pandemic[99]. Business Operations and Strategy - The company's main business includes oil and gas engineering services, which are critical for providing efficient and clean energy solutions[30]. - The company has developed a comprehensive technology and product system in oil and gas engineering services, enhancing its competitive advantage in the market[31]. - The company expanded its municipal environmental protection business, focusing on wastewater treatment and air pollution control, which aligns with its strategic transformation[34]. - The company has strengthened its international market presence, particularly in the Middle East and Africa, leveraging existing project performance to secure new orders[38]. - The company has developed a comprehensive technology innovation mechanism, collaborating with institutions like China University of Petroleum to enhance its R&D capabilities[41]. - The company has transitioned from a traditional equipment seller to an EPC contractor, gaining access to stringent markets in the Gulf region[44]. Financial Management and Investments - The company successfully completed a private placement of shares, raising a net amount of 677 million yuan, which effectively supplemented its working capital and alleviated cash flow pressure[36]. - The company reported an increase in long-term equity investments by 185.23 million yuan due to changes in accounting methods for its stake in Antong Group[39]. - The company has increased its construction projects by 90.87 million yuan, primarily due to new projects initiated by its subsidiary[39]. - The company reported a fair value loss of ¥37,786,605.7 on trading financial assets during the reporting period[80]. - The company has established a three-party supervision agreement for the management of raised funds to ensure compliance with regulations[89]. - The company confirmed sales revenue of 6,101.76 million USD from the Iraq Garraf oil field project, with accounts receivable of 7.03 million[158]. Shareholder and Governance Matters - The company did not distribute cash dividends for the fiscal year 2020, despite having a positive profit available for distribution to ordinary shareholders[121]. - The actual control and shareholders have fulfilled their commitments during the reporting period, ensuring the company's operational independence[123]. - The company has committed to not interfere with major decision-making processes of the listed company, maintaining its independence in various aspects[123]. - The company has established a commitment to not use its position to seek preferential treatment in business cooperation[127]. - The company will ensure compliance with all commitments made regarding potential competition during the control period[125]. - The company has a total of 54,035 shareholders as of the end of the reporting period[186]. Risks and Challenges - The company faces risks related to dependence on the oil industry and oil price fluctuations, which could negatively impact its oil and gas engineering services[106]. - The company is increasing its overseas market expansion, which brings risks related to political instability and regulatory changes in those regions[109]. - The ongoing COVID-19 pandemic poses risks to the company's overseas business operations and overall performance[114]. - The company has a high customer concentration risk, primarily relying on large state-owned oil groups and foreign energy giants[111]. - The company is exposed to exchange rate fluctuations, particularly as its overseas projects are primarily denominated in USD[112]. Environmental and Social Responsibility - The company continues to focus on social responsibility, emphasizing sustainable development and community contributions[160]. - The company has committed to environmental monitoring in accordance with national standards, including annual groundwater monitoring and quarterly air quality assessments[171]. - The company has established an emergency response plan for hazardous waste environmental incidents, applicable to all pollution events within the hazardous waste treatment facility[170].

华油惠博普科技股份有限公司 2021 年第一季度报告全文 华油惠博普科技股份有限公司 2021 年第一季度报告 2021 年 04 月 1 华油惠博普科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 何国连 | 董事 | 出差 | 汤光明 | 公司负责人谢文辉、主管会计工作负责人何玉龙及会计机构负责人(会计主 管人员)范丽亭声明：保证季度报告中财务报表的真实、准确、完整。 2 华油惠博普科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- ...

Financial Performance - Operating revenue for the current period was CNY 264,916,848.50, a decrease of 35.05% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 62,586,238.72, down 94.14% year-on-year[8] - Basic earnings per share were -CNY 0.06, a decrease of 100.00% compared to the same period last year[8] - Cash flow from operating activities was -CNY 20,352,453.38, a decline of 120.20% year-on-year[8] - The weighted average return on net assets was -3.92%, down from -1.98% in the previous year[8] - Total operating revenue for the third quarter was CNY 264,916,848.50, compared to CNY 407,850,479.30 in the previous period[41] - The company reported a net loss of CNY 4,308,239.51 in undistributed profits compared to a profit of CNY 199,400,844.51 in the previous period[36] - The net loss for the third quarter was CNY 57,528,213.61, compared to a net loss of CNY 31,803,132.07 in the same period last year[43] - The company reported a comprehensive loss of CNY 65,663,492.21 for the quarter, compared to a comprehensive loss of CNY 25,704,479.13 in the previous year[44] - The total comprehensive income for Q3 2020 was a loss of CNY 205,280,174.17, compared to a gain of CNY 60,834,392.88 in Q3 2019[52] Assets and Liabilities - Total assets decreased by 8.96% to CNY 3,799,637,523.68 compared to the end of the previous year[8] - Total liabilities decreased to CNY 2,169,082,048.90 from CNY 2,327,868,397.68[35] - Current liabilities totaled CNY 1,888,179,114.58, down from CNY 1,998,928,458.10[35] - Non-current liabilities decreased to CNY 280,902,934.32 from CNY 328,939,939.58[35] - Total assets amounted to CNY 4,173,382,731.14, with current assets at CNY 2,808,390,653.71 and non-current assets at CNY 1,364,992,077.43[65] - Total liabilities reached CNY 2,327,868,397.68, with current liabilities at CNY 1,998,928,458.10 and non-current liabilities at CNY 328,939,939.58[67] - Owner's equity totaled CNY 1,630,555,474.78, down from CNY 1,845,514,333.46[36] - The company's equity totaled CNY 1,845,514,333.46, with total equity attributable to shareholders at CNY 1,769,519,655.74[67] Cash Flow - Cash inflow from operating activities decreased by 42.17% year-on-year, attributed to project delays and reduced income from overseas projects[19] - Cash outflow from operating activities decreased by 33.79% year-on-year, due to reduced procurement costs from delayed projects[19] - The net cash flow from operating activities for Q3 2020 was -84,429,014.88 CNY, compared to 101,614,641.72 CNY in the same period last year, indicating a decline in operational performance[58] - Total cash inflow from operating activities was 1,047,154,502.12 CNY, while cash outflow was 1,131,583,517.00 CNY, resulting in a net cash flow deficit[58] - The ending cash and cash equivalents balance was 298,550,020.35 CNY, down from 519,321,610.56 CNY at the beginning of the period[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,777[12] - The top shareholder, Huang Song, holds 10.80% of the shares, amounting to 115,661,850 shares[12] Operational Challenges - Operating revenue decreased by 52.13% year-on-year, primarily due to project delays caused by the COVID-19 pandemic[17] - The company anticipates potential losses or significant changes in net profit for the year 2020 compared to the previous year[24] - The company has ongoing projects in Iraq and Kazakhstan, with confirmed sales revenue of ¥40.88 million and ¥25.22 million respectively[24] Investment and Expenses - Financial expenses increased by 110.63% year-on-year, mainly due to increased exchange losses from currency fluctuations[17] - Research and development expenses increased to CNY 14,775,536.89 from CNY 13,350,909.22 year-over-year[42] - The company experienced a significant increase in tax expenses, reporting CNY -7,456,670.85 compared to CNY 2,154,148.72 in the previous year[43] - The total investment income was CNY 2,753,292.65, a recovery from a loss of CNY 887.96 in the previous year[42] Changes in Accounting Standards - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[72]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥420.44 million, a decrease of 58.94% compared to ¥1,023.92 million in the same period last year[18]. - The net profit attributable to shareholders was a loss of approximately ¥132.75 million, a decline of 269.62% from a profit of ¥78.26 million in the previous year[18]. - The net cash flow from operating activities was negative at approximately ¥64.08 million, a significant drop from ¥841,577.61 in the same period last year, representing a decrease of 7,713.86%[18]. - The total assets at the end of the reporting period were approximately ¥3.76 billion, down 9.80% from ¥4.17 billion at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 7.80% to approximately ¥1.63 billion from ¥1.77 billion at the end of the previous year[18]. - The basic and diluted earnings per share were both negative at ¥-0.13, compared to ¥0.07 in the same period last year, reflecting a decrease of 285.71%[18]. - The company reported non-recurring losses totaling approximately ¥52.06 million during the reporting period[22]. - The weighted average return on net assets was -7.79%, a decrease of 12.34% compared to 4.55% in the previous year[18]. - The company achieved operating revenue of 420.44 million yuan, a decrease of 58.94% year-on-year[46]. - The net profit attributable to shareholders was -132.75 million yuan, down 269.62% compared to the same period last year[46]. - New signed orders amounted to 22 million yuan, a decline of approximately 70% year-on-year, with a total backlog of 3.05 billion yuan, down about 16% year-on-year[45]. Industry Context - The oil and gas industry faced significant uncertainties in the reporting period, with global oil consumption dropping from 101.25 million barrels per day in 2019 to 89.92 million barrels per day in the first half of 2020, and production declining to 87.05 million barrels per day by June 2020[25]. - The U.S. Energy Information Administration predicts that if the pandemic is controlled, global oil production will return to 2019 levels in 2021, with consumption expected to rebound to around 100 million barrels per day[26]. - The establishment of the National Oil and Gas Pipeline Company in China aims to accelerate the construction of a national gas supply network, providing significant market opportunities for pipeline construction and maintenance[28]. - The long-term outlook for the oil and gas industry remains positive, with expectations for increased investment and production as global economies recover from the pandemic[27]. Business Operations - The company's main business, oil and gas engineering and services, experienced a significant decline in overseas revenue due to project execution delays caused by the pandemic[32]. - The environmental engineering and services segment also faced project execution delays, impacting revenue recognition and order progress[33]. - The oil and gas engineering and service segment generated revenue of 225.53 million yuan, a decrease of 71.59%, accounting for 53.64% of total revenue[47]. - The environmental engineering and service segment reported revenue of 23.51 million yuan, down 33.94% due to project execution delays[48]. - The oil and gas resource development segment achieved revenue of 171.39 million yuan, a decline of 11.89%, representing 40.77% of total revenue[49]. - The company has established itself as a qualified supplier for major oil companies in both domestic and international markets, serving over 50 oil fields across more than 30 countries[41]. - The company has gained access to several oil and gas companies in the Gulf Cooperation Council countries, enhancing its international market presence[42]. Risks and Challenges - The company faces risks related to reliance on the oil industry and fluctuations in oil prices, as well as risks from policy changes in the oil and gas sector and the impact of the COVID-19 pandemic[5]. - The company identified risks associated with EPC project management, emphasizing the need for strict control over project timelines, quality, and costs[90]. - The company is addressing risks related to dependence on major clients, aiming to diversify its customer base to stabilize revenue and profitability[92]. - Currency fluctuations pose a risk to the company's income, particularly as foreign projects are increasingly denominated in USD, necessitating a robust risk management strategy[93]. - The COVID-19 pandemic has caused delays in domestic and international projects, impacting the company's main business operations[94]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company received financial support from its controlling shareholder, which alleviated cash flow pressure[7]. - The company has a financing lease business with a total financing amount of 40 million RMB for equipment leasing[6]. - The company reported a significant decrease in other income, which fell by 73.36% to CNY 667,952.73 due to a reduction in VAT refunds compared to the previous year[53]. - The company’s investment amount for the reporting period was 147.76 million RMB, a decrease of 2.81% compared to the previous year[75]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[124]. - The total discharge of non-methane total hydrocarbons (NMHC) is 0, with a concentration of 4.0 mg/m3, compliant with the national standard[124]. - The company has constructed a 150m3 wastewater collection pool, which is currently in use[125]. - The company has received approval for the environmental impact report of the oil sludge treatment project from Daqing Environmental Protection Bureau[127]. - The company has established an emergency response plan for hazardous waste environmental pollution incidents[128]. Shareholder Information - The company held five shareholder meetings during the reporting period, with investor participation rates ranging from 26.87% to 36.06%[1]. - The total number of common shareholders at the end of the reporting period was 56,415[143]. - Huang Song holds 10.80% of shares, with a total of 115,661,800 shares, and has pledged 9,731,850 shares[143]. - Changsha Water Group holds 10.02% of shares, totaling 107,275,951 shares[143]. - Bai Mingyin owns 8.34% of shares, amounting to 89,347,800 shares, with 22,336,950 shares pledged[143]. - Xiao Rong possesses 5.76% of shares, totaling 61,723,910 shares, with 15,430,978 shares pledged[143]. Corporate Governance - There were no major litigation or arbitration matters during the reporting period[3]. - The half-year financial report was not audited[4]. - The company did not have any significant related party transactions during the reporting period[5]. - The company did not implement any employee incentive plans during the reporting period[10]. - The financial report for the first half of 2020 was not audited[160].

Financial Performance - The company's operating revenue for Q1 2020 was ¥254,608,006.44, representing a decrease of 36.54% compared to the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥61,921,175.71, a decline of 178.40% year-on-year[8]. - Basic earnings per share were -¥0.06, down 175.00% from ¥0.08 in the same period last year[8]. - Operating revenue decreased by 36.54% year-on-year, primarily due to project delays caused by the COVID-19 pandemic[17]. - The net profit for Q1 2020 was a loss of CNY 62,712,430.78, compared to a profit of CNY 79,328,965.34 in the same period last year[48]. - The total comprehensive income for the first quarter was CNY 2,265,152.73, a decrease of CNY 179,213.57 compared to the previous period[53]. Cash Flow - The net cash flow from operating activities was negative at ¥43,914,999.19, a decrease of 309.98% compared to the previous year[8]. - Cash inflow from operating activities was CNY 414,022,391.70, compared to CNY 643,343,183.33 in the previous period, reflecting a decline of approximately 35.7%[54]. - The net cash flow from operating activities was negative CNY 43,914,999.19, a significant decrease from a positive CNY 20,913,635.86 in the previous period[56]. - Cash inflow from sales of goods and services was CNY 382,019,131.68, compared to CNY 514,661,701.83 in the previous period, a decline of approximately 26%[54]. - Cash outflow from operating activities decreased by 26.43% year-on-year, resulting from reduced procurement payments due to project delays[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,775,651,296.30, a decrease of 9.53% from the end of the previous year[8]. - Total current assets decreased from CNY 2,808,390,653.71 to CNY 2,436,845,968.97, a decline of approximately 13.2%[38]. - Total liabilities decreased from CNY 2,327,868,397.68 to CNY 1,996,800,393.64, a decline of about 14.2%[40]. - Total assets decreased from CNY 4,173,382,731.14 to CNY 3,775,651,296.30, a decline of about 9.5%[41]. - Total liabilities and equity combined also equaled CNY 4,173,382,731.14[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,898[12]. - The top shareholder, Huang Song, held 10.80% of the shares, with 115,661,850 shares, of which 86,746,387 were pledged[12]. Government Support - The company received government subsidies amounting to ¥2,985,024.23 during the reporting period[9]. Other Financial Metrics - The weighted average return on equity was -3.56%, a decline of 8.16% compared to the previous year[8]. - The company reported an investment income of CNY 1,363,783.71, significantly higher than CNY 94,188.03 in the previous period[47]. - The company's undistributed profits decreased by 31.05% compared to the end of the previous year, primarily due to a reduction in profits during the reporting period[16]. - The company’s other comprehensive income decreased by 37.93% year-on-year, mainly due to foreign currency translation differences and exchange rate fluctuations[16].