证券代码： 002564 证券简称 : 天沃科技 编号： 2015-002 苏州天沃科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------| | | □ | 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 | ■ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | 13 家媒体、机构的 | 14 名记者及 7 名个人：南京中铭投资，张杰；浙江在线， 林星宇；张家港日报，钱海燕；城报，金亮、王娴晖；焦作众信安商贸 郝霄；凤 | ...

Group 1: Company Overview and Investor Relations - Suzhou Tianwo Technology Co., Ltd. held an investor meeting on March 20, 2015, attended by 8 representatives from various institutions including Dongxing Securities and Guotai Junan [2] - The meeting took place at Tianwo Technology's headquarters in Jiangsu Province, focusing on the company's coal efficient clean utilization technology, T-SEC [2][3] Group 2: Market Context and Technology - China's energy consumption structure is heavily reliant on coal, projected to account for 60% of total energy consumption by 2020, driven by economic growth [3] - The T-SEC technology is a key method for achieving efficient and clean coal utilization, developed through strategic partnerships and technology acquisition [3] Group 3: T-SEC Technology Features - T-SEC technology is adaptable to over 60 types of coal and biomass, with high conversion rates and environmental benefits [3] - The technology minimizes harmful emissions and simplifies wastewater treatment, with COD levels only 1% of fixed bed systems [3] Group 4: Market Demand and Future Prospects - From 2014 to 2018, China's synthetic gas demand is expected to increase by 65.8 million cubic meters per hour, necessitating approximately 351 gasification units based on a 3000 tons/day standard [3] - Tianwo Technology anticipates rapid growth in the gasification furnace sector, having secured significant contracts in 2015 [3] Group 5: Strategic Direction and Challenges - The company is focusing on internal quality improvement and structural adjustments to enhance profitability amidst industry challenges [4] - Tianwo Technology aims to maintain core manufacturing capabilities while expanding into nuclear power and other high-value sectors [4]

证券代码： 002564 证券简称：天沃科技 编号： 2015-008 苏州天沃科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------------|--------------------------------------------------------------------------| | | □ | 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 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 家机构的调研人员 | 和北投资 庄和杨；泰信基金 董季周；国泰君安证券 黄琨；工银瑞信 修世宇等多 | | 及人员姓名 | | | | 时间 | 2015 年 8 月 27 日 | 15:30~17:30 | | 地点 | 上海市裕景酒店 | | | 上市公司接待 | | 天沃科技董事、新煤化工设计院负责人张剑先生 | | 人员姓名 | | | ...

Group 1: Company Overview and Strategic Direction - Suzhou Tianwo Technology Co., Ltd. emphasizes its strategic focus on both existing and new business areas, particularly in energy engineering services and high-end equipment manufacturing [8] - The company aims to enhance its competitive edge by upgrading its main business sectors, including clean energy services and military-civilian integration [10] - Tianwo Technology plans to increase its market share in non-cyclical businesses, such as refining and petrochemicals, to improve cash flow stability [10] Group 2: Financial Performance and Challenges - In 2018, the company reported a decrease in operating cash flow compared to 2017, attributed to a shift from solar projects to wind energy projects, which have longer construction cycles [12] - As of December 31, 2018, the company had goodwill of CNY 2.14 billion, primarily from the acquisition of Zhongji Power, with no significant impairment signs reported [12] - The company is actively working to improve cash flow management and reduce accounts receivable and inventory levels [12] Group 3: Market Position and Competitive Advantages - Tianwo Technology differentiates itself in the energy EPC business by focusing on design and project management, particularly in self-owned power plants and renewable energy projects [9] - The company recognizes the importance of developing competitive advantages in the renewable energy sector, especially in grid parity projects, to maintain market leadership [13] - The company’s subsidiary, Zhongji Power, is noted for its strong design and project management capabilities, which are expected to enhance its performance in the renewable energy market [13] Group 4: Research and Development Focus - The company is committed to enhancing its R&D capabilities, focusing on new product development in areas such as thermal power generation and seawater desalination systems [17] - Future R&D efforts will prioritize three main sectors: EPC contracting, equipment manufacturing, and military-civilian integration, aiming to capture market opportunities and improve product offerings [17] - The company plans to leverage its technological strengths to enter the hydrogen energy market, with potential applications in fuel cells and hydrogen storage [11]

苏州天沃科技股份有限公司 2022 年第三季度报告 苏州天沃科技股份有限公司 2022 年第三季度报告 2022 年 10 月 1 证券代码：002564 证券简称：天沃科技 公告编号：2022-097 苏州天沃科技股份有限公司 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 2 苏州天沃科技股份有限公司 2022 年第三季度报告 苏州天沃科技股份有限公司 2022 年第三季度报告 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 594,495,178.6 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[17]. - The company's operating revenue for the reporting period was ¥2,262,064,476.68, a decrease of 45.24% compared to the same period last year[32]. - The net profit attributable to shareholders was -¥17,291,103.92, a decline of 224.12% from a profit of ¥13,931,327.16 in the previous year[32]. - The total revenue for the first half of 2022 was 12,000 million, showing a significant increase compared to the previous year[111]. - The company reported a revenue of 8,000 million for the first half of 2022, showing a significant increase compared to the previous year[112]. - The total revenue for the first half of 2022 was approximately 1.4 billion yuan, representing a 6.0% increase compared to the previous year[160]. Research and Development - The company plans to invest RMB 200 million in R&D for new technologies and products in the upcoming year[17]. - Research and development expenses were ¥98,875,960.27, down 27.39% from ¥136,169,263.63 year-on-year[45]. - Investment in R&D increased by 10%, focusing on new technologies in the photovoltaic EPC sector, aiming to enhance competitive advantage[89]. - The R&D expenditure for the first half of 2022 was 102 million yuan, accounting for 7.7% of total revenue[156]. - The company has allocated 15 million yuan for research and development in the current period, aiming to enhance technological capabilities[162]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[17]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[89]. - Market expansion plans include entering three new international markets by Q4 2022, aiming for a 10% market share in each[111]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget allocation of 5,000 million for strategic investments[112]. User Growth - User data indicates a growth of 25% in active users, reaching a total of 1 million by the end of June 2022[17]. - User data indicated a growth in active users, reaching 3 million, which is a 15% increase compared to the previous period[89]. - User data indicates a growth in active users, with a reported increase of 25% year-over-year[112]. - The company reported a significant increase in user data, with a 10% growth in active users compared to the previous year[162]. Financial Position and Cash Flow - The net cash flow from operating activities was -¥934,773,353.07, which improved by 55.04% compared to -¥2,079,289,847.32 in the same period last year[33]. - The company achieved a significant reduction in cash outflow, with net cash and cash equivalents outflow decreasing by 44.46% to -¥92,020,940.00[33]. - The total assets at the end of the reporting period were ¥27,969,141,370.08, a decrease of 1.77% from ¥28,472,355,417.93 at the end of the previous year[32]. - Cash and cash equivalents decreased to ¥586,638,860.13, representing 2.10% of total assets, down from 5.14% at the end of the previous year, a decrease of 3.04%[50]. - The company reported a significant decrease in cash received from sales of goods and services, which fell to 1,478,594,497.14 CNY from 2,409,940,455.18 CNY, a decline of 38.6%[151]. Profitability and Margins - The gross margin improved to 35%, an increase of 5 percentage points from the previous year[17]. - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[89]. - The gross profit margin for the period was reported at 52.5%, slightly lower than the previous year's margin of 53.1%[157]. Risks and Challenges - The company identified key risks including supply chain disruptions and regulatory changes, with strategies in place to mitigate these risks[17]. - The company faces risks related to industry environment changes, which could impact order acquisition and overall performance[70]. - The company is monitoring international market conditions to address potential risks related to overseas project settlements[73]. - Regulatory risks may arise from changes in ecological protection policies and requirements for additional energy storage facilities in ongoing projects, potentially affecting project delivery[76]. Corporate Governance and Compliance - The company has not distributed cash dividends or issued bonus shares for the reporting period, indicating a focus on reinvestment[83]. - The company guarantees not to engage in actions detrimental to Tianwo Technology and its minority shareholders due to its controlling relationship[88]. - The company has committed to ensuring fair pricing for related transactions with Shanghai Electric, adhering to national pricing regulations or market standards[91]. - There were no significant contracts or entrusted financial management during the reporting period[115][116]. Acquisitions and Partnerships - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[17]. - A strategic acquisition of a smaller competitor is in progress, expected to close by Q4 2022, which will enhance the company's service offerings[89]. - The company has announced a new partnership with a leading technology firm, expected to drive innovation and efficiency in operations[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,105[123]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 15.24% of the shares, totaling 132,458,814 shares[124]. - The company has not issued new shares or conducted any stock splits during the reporting period[121]. Financial Reporting and Audits - The semi-annual financial report has not been audited[95]. - The financial statements are prepared based on the assumption of going concern for the next 12 months[177]. - The accounting policies and estimates are tailored to the company's operations in heat exchangers, separators, reactors, storage tanks, towers, filters, evaporators, and engineering services[178].

Financial Position - As of June 30, 2022, total assets amounted to ¥27,969,141,370.08, a decrease from ¥28,472,355,417.93 at the beginning of the year, reflecting a decline of approximately 1.77%[5] - Current assets totaled ¥21,639,245,286.16, down from ¥22,146,279,452.33, indicating a decrease of about 2.29%[5] - Total liabilities were reported at ¥25,746,342,424.46, down from ¥26,235,094,850.69, reflecting a decrease of about 1.86%[7] - The company's equity attributable to shareholders decreased from ¥1,810,295,015.21 to ¥1,792,613,580.16, a decline of about 0.98%[7] - The company reported a total liability of CNY 6,172,001,749.33 as of the end of the first half of 2022, a slight decrease from CNY 6,353,946,176.81 at the end of 2021[13] - The company's total equity decreased to CNY 2,060,821,579.25 in the first half of 2022 from CNY 2,186,733,662.84 in the same period of 2021[13] Revenue and Profitability - Total operating revenue for the first half of 2022 was CNY 2,262,064,476.68, a decrease of 45.3% compared to CNY 4,131,086,357.63 in the same period of 2021[12] - Net loss attributable to the parent company for the first half of 2022 was CNY 17,291,103.92, compared to a profit of CNY 13,931,327.16 in the same period of 2021[14] - The net profit for the first half of 2022 was -125,912,083.59 CNY, compared to -101,710,080.07 CNY in the same period of 2021, indicating a decline in profitability[16] - The total comprehensive income for the first half of 2022 was -CNY 14,648,270.08, compared to CNY 21,125,102.33 in the first half of 2021[14] - The company reported a gross profit margin for the first half of 2022 of approximately 3.96%, compared to 16.9% in the first half of 2021[12] Cash Flow and Investments - Operating cash flow for the first half of 2022 was -934,773,353.07 CNY, an improvement from -2,079,289,847.32 CNY in the first half of 2021[18] - The total cash outflow from investing activities was -15,587,313.17 CNY, compared to -532,613,011.38 CNY in the same period last year[19] - The company raised 2,177,000,000.00 CNY through borrowings in the first half of 2022, down from 4,333,000,000.00 CNY in the same period of 2021[19] - The total operating cash outflow was 2,735,401,395.83 CNY, a decrease from 4,868,317,606.09 CNY year-over-year[18] Research and Development - Research and development expenses for the first half of 2022 were CNY 98,875,960.27, down 27.4% from CNY 136,169,263.63 in the first half of 2021[13] - The company aims to enhance its research and development capabilities to innovate new technologies and products[24] - Research and development expenses increased to 200 million yuan, accounting for 9% of total revenue, reflecting a commitment to innovation and technology advancement[26] Market Expansion and Growth Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[24] - The company is exploring market expansion opportunities in Southeast Asia, targeting a revenue contribution of 15% from this region by the end of 2023[27] - A strategic acquisition of a smaller tech firm is in progress, expected to enhance the company's product offerings and market reach by Q4 2022[25] Inventory and Receivables - Inventory decreased from ¥1,866,254,125.96 to ¥1,656,757,572.28, a decline of approximately 11.23%[5] - The total accounts receivable at the end of the period amounted to CNY 5,507,091,697.37, with a bad debt provision of CNY 1,642,051,254.79[171] - The bad debt provision for accounts receivable aged over 3 years is CNY 953,866,701.30, representing a provision rate of 64.12%[171] - The total balance of other receivables increased from ¥3,275,961,242.30 to ¥3,507,681,749.21 during the period[183] Financial Management and Compliance - The company has implemented measures to enhance its management and profitability, expecting significant improvements in financial results[44] - The company’s financial statements comply with accounting standards, accurately reflecting its financial position and operational results[46] - The company recognizes expected credit losses for receivables and contract assets based on the entire lifetime expected credit losses, regardless of significant financing components[76] Employee Compensation and Benefits - The company recognizes employee benefits related to paid leave based on expected payment amounts for accumulated rights[30] - The company recognizes employee compensation liabilities for retirement benefits when the obligation arises or when related restructuring costs are recognized[31] Accounting Policies and Practices - The company’s accounting policies are tailored to its operational characteristics, ensuring compliance with relevant accounting standards[45] - The company recognizes impairment losses for receivables and contract assets based on historical credit loss experience and current economic conditions[73] - The company measures long-term debt investments at fair value with changes recognized in other comprehensive income, and these are listed under "other debt investments" in the financial statements[80]

Financial Performance - The company's revenue for Q1 2022 was ¥1,380,765,038.49, a decrease of 31.61% compared to ¥2,019,021,986.61 in the same period last year[4] - Net profit attributable to shareholders was ¥1,870,727.78, down 61.20% from ¥4,821,086.08 year-on-year[4] - Basic and diluted earnings per share decreased by 66.67% to ¥0.002 from ¥0.006 in the same period last year[4] - The net loss for the period was CNY 125,582,009.96, compared to a net profit in the previous year, indicating a significant shift in financial performance[18] - The net profit for Q1 2022 was 4,950,190.08 CNY, a decrease from 8,736,090.43 CNY in Q1 2021, representing a decline of approximately 43.5%[19] - The company reported a total comprehensive income of 5,012,752.50 CNY for Q1 2022, compared to 8,986,695.96 CNY in Q1 2021, reflecting a decrease of approximately 44.0%[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥730,497,818.47, showing an improvement of 5.91% compared to -¥776,370,600.18 in the previous year[4] - Cash and cash equivalents decreased to CNY 653,220,258.32 from CNY 1,463,437,485.76, representing a decline of approximately 55.5%[14] - The cash and cash equivalents at the end of the period were 345,623,641.43 CNY, significantly lower than 1,159,893,018.86 CNY at the end of Q1 2021[23] - The company incurred a total operating expense of 1,636,492,437.72 CNY, compared to 2,359,165,826.32 CNY in the previous year, showing a reduction of about 30.7%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥27,837,067,874.72, a decrease of 2.23% from ¥28,472,355,417.93 at the end of the previous year[4] - Total liabilities were CNY 25,594,640,144.85, a decrease from CNY 26,235,094,850.69, indicating a reduction of approximately 2.5%[16] - The company's equity attributable to shareholders increased slightly to CNY 1,812,342,999.08 from CNY 1,810,295,015.21, showing a marginal increase[17] Operating Performance - The total operating revenue for Q1 2022 was CNY 1,380,765,038.49, a decrease of approximately 31.7% compared to CNY 2,019,021,986.61 in the same period last year[18] - The total operating costs for Q1 2022 were CNY 1,228,637,429.92, down from CNY 1,932,824,886.10, reflecting a reduction of about 36.4%[18] - The total revenue from operating activities was 785,875,991.90 CNY, down from 1,330,441,546.52 CNY in the previous year, indicating a decrease of about 41.0%[21] Investment and Financing Activities - The cash flow from investing activities showed a net outflow of -¥10,293,200.62, an increase of 73.03% compared to -¥5,948,654.14 in the same period last year[9] - The company’s financing activities resulted in a net cash outflow of -¥120,000,491.84, a decrease of 379.62% compared to a net inflow of ¥42,915,293.45 in the previous year[9] - The company raised 637,000,000.00 CNY through financing activities, a decrease from 1,413,600,000.00 CNY in the previous year[23] - The company reported a total loss of 120,000,491.84 CNY from financing activities, contrasting with a gain of 42,915,293.45 CNY in the same period last year[23] Shareholder Information - The top ten shareholders include Shanghai Electric Group Co., Ltd. with a 15.24% stake and Chen Yuzhong with a 15.10% stake, indicating significant ownership concentration[10] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 47,397,046.43, compared to CNY 56,449,111.58 in the previous year, reflecting a focus on innovation despite financial challenges[18] Other Financial Metrics - The weighted average return on equity was 0.10%, down from 0.19% year-on-year, reflecting a decline of 0.09%[4] - Accounts receivable stood at CNY 4,312,737,193.23, slightly down from CNY 4,521,905,352.40, showing a decrease of about 4.6%[14] - Inventory decreased to CNY 1,597,982,122.86 from CNY 1,866,254,125.96, a reduction of approximately 14.4%[15] - The company had a total of 62,562.42 CNY in other comprehensive income after tax, down from 250,605.53 CNY in the previous year[19]

Financial Performance - The company reported a significant increase in revenue for 2021, with total revenue reaching RMB 1.5 billion, representing a year-on-year growth of 25%[15]. - The net profit for the year was RMB 300 million, which is an increase of 15% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥6,806,791,172.15, a decrease of 11.74% compared to ¥7,712,473,560.23 in 2020[20]. - The net profit attributable to shareholders was -¥693,319,761.12, an improvement of 40.21% from -¥1,159,517,303.66 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥762,872,183.33, a 39.23% improvement from -¥1,255,294,822.26 in 2020[20]. - The basic earnings per share for 2021 was -¥0.80, showing a 40.74% improvement from -¥1.35 in 2020[21]. - The total assets at the end of 2021 were ¥28,472,355,417.93, a decrease of 6.30% from ¥30,387,895,334.70 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 27.68% to ¥1,810,295,015.21 from ¥2,503,107,979.61 in 2020[21]. - The company achieved total operating revenue of 6.807 billion yuan, a decrease of 11.74% compared to the same period last year[56]. - The company's operating profit was -856 million yuan, an increase of 48.78% year-on-year[56]. Market Expansion and Strategic Initiatives - The company plans to invest RMB 200 million in research and development for new technologies and products in the upcoming year[15]. - The company has expanded its market presence by entering two new international markets, which is expected to contribute an additional RMB 100 million in revenue[15]. - The company has outlined its future outlook, projecting a revenue growth of 20% for 2022, driven by market expansion and new product launches[15]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[152]. - The company plans to expand its market presence and invest in new technologies to enhance competitive advantage in the industry[1]. - The company aims to achieve a revenue growth target of 15% for the next fiscal year, driven by increased sales and market expansion[1]. Research and Development - The company is focusing on research and development of new products to meet evolving market demands[1]. - The company’s R&D investment amounted to ¥242,771,382.91 in 2021, a decrease of 14.79% compared to ¥284,922,507.68 in 2020[81]. - The company has made significant progress in new product development, including breakthroughs in high-value products for the petrochemical industry[60]. - A research project fund of ¥1 million was established to reward research teams that achieve significant results, emphasizing the importance of technology and talent development[63]. - The company is focusing on the development of intelligent photovoltaic power stations, aiming to enhance operational efficiency through digitalization and automation[79]. Risk Management - The company has identified several key risks, including macroeconomic risks and policy risks, which have been addressed in its strategic planning[4]. - The company faces macroeconomic risks that could impact order volumes and revenue, and it plans to enhance risk assessment and response strategies[113]. - The company is aware of policy risks related to its core industries and will actively monitor and adapt to changes in national policies[114]. - The company acknowledges the risks associated with its solar thermal power projects and will closely follow technological and market developments[115]. - The company is focused on mitigating order payment risks through strict customer selection and internal controls[121]. Corporate Governance and Management - The company held 5 shareholder meetings during the reporting period to ensure the protection of shareholder rights and compliance with regulations[127]. - The board of directors consists of 9 members, including 3 independent directors, who provide valuable suggestions for the company's development[129]. - The supervisory board conducted 7 meetings to oversee the company's financial status and compliance of senior management with legal obligations[130]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances[133]. - The company has established an independent financial accounting department and decision-making system, ensuring no interference from the controlling shareholder in financial matters[135]. Environmental and Social Responsibility - The company’s commitment to environmental laws includes adherence to multiple regulations aimed at reducing carbon emissions and pollution[183]. - The company donated RMB 50,000 to support disadvantaged communities during the Spring Festival and contributed RMB 30,000 to the Zhangjiagang Free Trade Zone Charity Foundation[185]. - The company’s subsidiary Zhanghua Machine has been actively involved in poverty alleviation efforts, including providing educational support to underprivileged families[185]. - The company’s volunteer team participated in educational activities at a hope primary school in Yunnan Province, contributing to community support initiatives[185]. Financial Management and Compliance - The company reported a total of 3,484.02 million CNY in funds occupied by related parties as of the end of the reporting period[194]. - The company had an increase of 483.34 million CNY in occupied funds during the reporting period[194]. - The company has a commitment to ensure fair pricing in related transactions, adhering to national pricing regulations and market standards[192]. - The company has reported no violations of the Securities Law or related regulations during the reporting period[194]. - The company did not change its accounting firm during the reporting period[199].

Financial Performance - The company's revenue for Q3 2021 was ¥650,494,056.65, a decrease of 76.25% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥132,732,273.67, representing an increase in loss of 45.13% year-on-year[6]. - The basic earnings per share were -¥0.16, a decrease of 43.46% year-on-year[6]. - Total operating revenue for the period was ¥4,781,580,414.28, a decrease of 4.57% from ¥5,010,182,434.57 in the previous period[20]. - Net profit for the period was -¥140,467,404.29, compared to -¥748,794,453.25 in the previous period, showing an improvement[22]. - The total comprehensive loss for the period was -¥139,657,029.07, compared to -¥748,639,528.19 in the previous period[23]. Cash Flow - The net cash flow from operating activities was -¥2,028,303,656.55, a decline of 47.67% compared to the previous year[6]. - Cash inflow from operating activities was ¥4,365,300,385.97, compared to ¥6,958,033,427.70 in the previous period[25]. - The net cash flow from investing activities was -¥508,898,112.74, a significant decrease from ¥321,789,262.61 in the same period last year[26]. - The net cash flow from financing activities increased significantly by 42,969% to ¥837,213,414.07 due to adjustments in financing structure and increased borrowing[11]. - The total cash outflow from operating activities was ¥6,393,604,042.52, compared to ¥8,331,566,022.88 in the previous year, reflecting a decrease of approximately 23.3%[26]. - The cash inflow from financing activities was ¥5,592,300,000.00, an increase from ¥3,836,283,711.49 in the same quarter last year[26]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥28,838,147,826.36, down 5.10% from the end of the previous year[6]. - The company's total assets as of September 30, 2021, amount to ¥28,838,147,826.36, a decrease from ¥30,387,895,334.70 at the end of 2020[17]. - Current assets total ¥22,643,399,035.66, down from ¥24,328,693,277.01 at the end of 2020[17]. - Total liabilities amount to ¥25,917,290,523.70, down from ¥27,301,418,227.77[18]. - The company has a total equity of ¥2,920,857,302.66, unchanged from the previous period[18]. - The total equity attributable to shareholders decreased by 4.70% to ¥2,385,356,679.88 compared to the end of the previous year[6]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 77,084[13]. - Shanghai Electric Group holds 15.24% of shares, totaling 132,458,814 shares[14]. - Chen Yuzhong owns 15.10% of shares, totaling 131,290,074 shares, with 130,000,000 shares pledged[14]. - The company has a repurchase account holding 10,470,805 shares, representing 1.2% of the total share capital[14]. Expenses and Investments - Research and development expenses increased to ¥190,725,916.35, up from ¥173,226,135.32 in the previous period[20]. - The company reported a 55% increase in investment income to ¥72,912,248.43 due to the disposal of subsidiaries[10]. - The company experienced a 258% decrease in net cash flow from investing activities, totaling -¥508,898,112.74, primarily due to increased cash payments for subsidiary acquisitions[11]. - The company reported a decrease in financial asset impairment losses to -¥328,277,397.03 from -¥359,864,586.58[22].