Group 1: Company Overview - Jiangxi Evergrande High-tech Co., Ltd. is a leading enterprise in the research, production, sales, and technical engineering services of anti-wear and anti-corrosion new materials for industrial equipment, and is the only listed company in the industry [2][3]. - The company has extended its business into acoustic noise reduction, waste heat power generation, and garbage incineration protection based on its advantages in anti-wear and anti-corrosion services [2][3]. Group 2: Business Segments - The anti-wear and anti-corrosion business provides protective services tailored to various industrial systems, fuels, and operational conditions for industries such as power, steel, and cement [2][3]. - The acoustic noise reduction business was initiated in 2015 with the acquisition of Jiangxi Evergrande Acoustic Technology Engineering Co., Ltd., which has over ten years of experience in the field [3]. - The waste heat power generation segment includes a 15MW waste heat power station currently in operation at Fujian Qingtou Nickel Industry Co., Ltd. [3][4]. Group 3: Competitive Advantages - The company holds a competitive edge in the anti-wear and anti-corrosion sector by offering a wide range of protective materials and services, unlike many competitors who specialize in a limited number of products [3]. - In the acoustic noise reduction field, the company benefits from significant barriers to entry, including talent, technology, brand, and project performance [3]. - The company has obtained military-related confidentiality qualifications and has begun applying its products and technologies in military scenarios [3].

Group 1: Company Overview and R&D Focus - The company emphasizes high investment in R&D to maintain its leading position in technology development, with nearly 20 projects in 2020 focusing on in-furnace melting, 360-degree cladding, and intelligent spraying [2][3] - The company is the only listed firm in the domestic wear-resistant and anti-corrosion sector, providing services to industries such as power, steel, cement, and waste incineration [3] Group 2: Market Opportunities and Challenges - The current energy transition in China presents significant opportunities for energy-saving and new energy businesses, although market competition is intensifying as more companies enter the sector [3] - The management aims to leverage extensive project implementation experience and comprehensive energy utilization technology to enhance the company's competitive capabilities [3] Group 3: Financial Performance and Future Plans - In Q1 2021, the company reported a 50% year-on-year increase in revenue, but net profit declined by 32% due to a drop in internet marketing revenue, which has a higher gross margin than energy-saving services [3] - Future financing plans are strategic, aimed at extending the industrial chain and attracting strategic investors, with potential refinancing considered at an appropriate time [3] Group 4: Shareholder Actions - In May 2021, shareholders reduced their stakes primarily to lower personal pledge liabilities, adhering to relevant securities laws and disclosure responsibilities [3]

Group 1: Company Overview - Jiangxi Evergrande High-tech Co., Ltd. is actively expanding its acoustic noise reduction business following the implementation of new noise prevention laws, which enhance noise emission standards and regulatory measures [2][3]. - The company has established itself as a national player in the acoustic noise reduction industry, providing comprehensive solutions to clients [3]. Group 2: Financial Performance - The company reported a loss in the fourth quarter due to the impact of COVID-19, which delayed project deliveries and increased costs, leading to a revenue decline [3]. - Cash flow was negative primarily due to increased prepayments for internet advertising and reduced cash receipts from sales [3]. - The company has implemented a receivables warning mechanism, achieving significant improvements in cash collection, with collection rates of 58% in 2021, 87.3% in 2020, and 91.5% in 2019 [3]. Group 3: Shareholder Information - As of May 20, 2022, the number of shareholders was 26,826 [4]. - The company is considering strategic investments in lithium resources, particularly in Yichun, which is known for its abundant lithium mines [4]. Group 4: Future Outlook - The management is optimistic about turning around the financial performance in the second quarter as the pandemic situation improves [3]. - The company is open to suggestions regarding potential strategic partnerships with local lithium resource companies to enhance its market value [4].

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。 江西恒大高新技术股份有限公司 2022 年第三季度报告 证券代码：002591 证券简称：恒大高新 公告编号：2022-062 江西恒大高新技术股份有限公司 2022 年第三季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江西恒大高新技术股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 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） | 90,493,288.27 | -48.7 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥173,658,194.41, a decrease of 33.92% compared to ¥262,809,758.75 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥4,532,414.12, representing a decline of 122.25% from a profit of ¥20,368,273.62 in the previous year[18]. - The net cash flow from operating activities was negative at ¥73,164,771.79, a significant decrease of 578.80% compared to ¥15,280,787.02 in the same period last year[18]. - The basic earnings per share were -¥0.0151, down 122.57% from ¥0.0669 in the previous year[18]. - The company reported a total profit for the first half of 2022 was a loss of ¥5,259,502.99, contrasting with a profit of ¥22,484,297.62 in the same period of 2021[130]. - The company's total comprehensive income for the first half of 2022 was -¥5,794,944.12, compared to ¥19,721,358.28 in the first half of 2021[131]. - The company reported a significant increase in credit impairment losses, amounting to ¥4,022,215.59 in the first half of 2022, compared to ¥2,819,684.17 in the same period of 2021[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,126,529,915.97, an increase of 2.13% from ¥1,103,087,722.68 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 0.70% to ¥770,684,599.10 from ¥776,120,903.22 at the end of the previous year[18]. - Total liabilities increased to CNY 347,829,371.26 from CNY 318,592,233.85, marking an increase of approximately 9.2%[123]. - The company's total equity decreased from CNY 784,495,488.83 to CNY 778,700,544.71, a decline of about 0.9%[123]. Cash Flow - The company's operating cash flow for the first half of 2022 was negative at -73,164,771.79 CNY, compared to a positive cash flow of 15,280,787.02 CNY in the same period of 2021, indicating a significant decline in operational performance[136]. - Cash outflow from operating activities rose to 515,393,237.28 CNY in the first half of 2022, compared to 412,053,649.66 CNY in the same period of 2021, marking an increase of about 25.1%[136]. - The net cash flow from financing activities increased by 66.24% to ¥45,494,382.40, primarily due to increased bank loans[37]. Market and Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company aims to expand into photovoltaic power generation and waste heat power generation, leveraging resources accumulated in energy-saving and environmental protection[28]. - The company plans to optimize project management and strengthen accounts receivable recovery in the energy-saving and environmental protection sector[28]. - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to drive growth[143]. Risks and Challenges - The company faces risks including macroeconomic fluctuations and intensified market competition, which may impact financial stability[3]. - The company is facing risks from the COVID-19 pandemic, which has caused project delays and increased costs, but it is committed to maintaining normal operations while adapting to the situation[62]. - Competition in the waste incineration market is intensifying, prompting the company to invest in R&D and enhance project management to maintain market share[62]. Research and Development - Research and development investment decreased by 16.88% to ¥9,004,825.65, mainly due to delays in project progress caused by the pandemic[37]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[155]. - The company plans to increase R&D expenditure by 10% in the next fiscal year[150]. Corporate Governance - The company has undergone changes in its board of directors, with new appointments aimed at strengthening governance and oversight[66]. - The half-year financial report was not audited[78]. - There were no significant litigation or arbitration matters affecting the company during the reporting period[80]. Environmental and Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on employee welfare and sustainable development practices[72]. - The company has implemented measures to reduce carbon emissions and enhance environmental protection, aligning with national regulations[71]. - There were no significant environmental penalties reported during the period, and the company adheres to strict environmental regulations[70].

江西恒大高新技术股份有限公司 2022 年第一季度报告全文 证券代码：002591 证券简称：恒大高新 公告编号：2022-029 江西恒大高新技术股份有限公司 2022 年第一季度报告 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.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 107,317,311.72 | 139,850,886.85 | -23.26% | | 归属于上市公司股东的净利润（元） | -2,729, ...

Financial Performance - The company's operating revenue for 2021 was ¥528,159,338.07, representing a 66.16% increase compared to ¥317,861,532.36 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥18,384,850.13, a significant turnaround from a loss of ¥508,501,842.60 in 2020, marking a 103.62% improvement[22] - The net profit after deducting non-recurring gains and losses was ¥13,362,494.58, compared to a loss of ¥520,329,102.87 in the previous year, reflecting a 102.57% increase[22] - The basic earnings per share for 2021 was ¥0.0607, recovering from a loss of ¥1.6631 per share in 2020, an improvement of 103.65%[22] - The total assets at the end of 2021 were ¥1,103,087,722.68, which is an 11.53% increase from ¥989,025,633.36 at the end of 2020[22] - The weighted average return on net assets for 2021 was 2.40%, a significant recovery from -49.97% in 2020, showing a 52.37% improvement[22] - The net cash flow from operating activities for 2021 was -¥8,317,023.72, a decline of 110.74% compared to ¥77,435,788.03 in 2020[22] Revenue Breakdown - In 2021, the company achieved a total revenue of 513.68 million yuan, representing a year-on-year growth of 73.80%[45] - The environmental protection business generated revenue of 291.27 million yuan, up 53.63% year-on-year, accounting for 56.70% of total revenue[45] - The internet marketing business revenue reached 222.29 million yuan, a significant increase of 110.78% year-on-year, making up 43.27% of total revenue[45] - The company completed 84.84 million yuan in revenue from anti-wear and anti-corrosion services, a growth of 2.80% compared to the previous year[45] - Revenue from garbage furnace protection services was 89.71 million yuan, increasing by 37.18% year-on-year, although gross margin dropped from 13.36% to 4.98% due to rising raw material costs[45] Business Expansion and Strategy - The company has expanded its business scope to include energy-saving and environmental protection services, alongside its existing anti-wear and anti-corrosion services[21] - The company has established a dual business model focusing on energy conservation and environmental protection, as well as internet marketing, through both organic growth and external expansion[37] - The company is actively expanding its environmental protection applications into military-related fields, utilizing established customer resource advantages[46] - The company aims to enhance its market competitiveness by upgrading its existing industries, including anti-wear and corrosion protection technologies[89] - The company plans to actively seek high-quality small targets for investment and mergers in the power, steel, and cement sectors to leverage existing customer resource advantages[90] Research and Development - The company has developed over twenty invention patents and utility model patents, enhancing its competitive edge in the energy conservation and environmental protection sector[41] - The company is actively involved in the research and development of high-temperature infrared coatings and high-temperature corrosion-resistant wear-resistant coatings[110] - The company completed several R&D projects aimed at reducing production costs and improving economic efficiency, including the development of a dual-layer welding process and a low-cost base wire material[60] - The company aims to enhance product performance and competitiveness through the development of high-temperature resistant coatings and improved surface cleaning technologies[61] - The number of R&D personnel increased to 116 in 2021, up by 16.00% from 100 in 2020, with a notable increase in the number of bachelor's degree holders[62] Governance and Compliance - The company has a robust governance structure with clear responsibilities among the shareholders' meeting, board of directors, and management[104] - The company has established a complete and independent financial accounting system, ensuring financial independence and compliance with legal requirements[104] - The company has not engaged in any industry competition with its controlling shareholder or related parties[105] - The company has confirmed that it will not engage in any business activities that may harm the legitimate rights and interests of the listed company and its shareholders[155] - The company has committed to ensuring that any related party transactions are conducted transparently and in accordance with the established agreements[158] Market Trends and Challenges - The market for anti-wear and anti-corrosion services is projected to grow, driven by the need for ongoing protection in industries such as energy and chemicals, with losses from wear and corrosion estimated at ¥101,598.6 billion in China[32] - The number of new waste incineration projects decreased by 25.3% year-over-year, reflecting a tightening market environment[33] - Government subsidies recognized in the current period amounted to ¥1,209,960.00, a decrease from ¥4,697,558.00 in the previous year, indicating reduced support[27] - The advertising market experienced a recovery with a year-over-year growth of 27.3% in the first quarter of 2021, indicating a positive trend for the internet marketing segment[34] Cash Flow and Investments - The net cash flow from operating activities was -¥8,317,023.72 in 2021, a significant decline of 110.74% compared to a positive cash flow of ¥77,435,788.03 in 2020[65] - Investment activities generated a net cash outflow of -¥92,277,839.65 in 2021, a drastic change from a net inflow of ¥21,603,294.89 in 2020, reflecting an increase in investment outflows[65] - The company reported a significant increase in cash inflow from financing activities, totaling ¥144,772,162.29 in 2021, up 166.32% from ¥54,360,000.00 in 2020[65] - The company invested 54,115,245.33 during the reporting period, a significant increase of 441.15% compared to the previous year's investment of 10,000,000.00[76] Employee and Management Structure - The total number of employees at the end of the reporting period was 805, including 155 at the parent company and 650 at major subsidiaries[130] - The professional composition of employees includes 339 production personnel, 117 sales personnel, and 116 technical personnel[131] - The company has established a training plan focused on internal departmental training to enhance team efficiency and develop core personnel[133] - The management team includes experienced professionals with backgrounds in engineering, finance, and management, contributing to strategic decision-making[114] Shareholder and Equity Information - The company did not propose any cash dividend distribution or stock bonus during the reporting period, despite having positive distributable profits[134] - The company canceled and repurchased 4,280,800 shares, reducing the total share capital from 304,480,284 shares to 300,199,484 shares[195] - The number of restricted shares decreased from 89,379,335 shares (29.35%) to 83,519,513 shares (27.82%) after the share repurchase[195] - The company reported no significant contracts or other major matters during the reporting period[190][191] Environmental and Social Responsibility - The company actively promotes environmental protection and sustainable development, adhering to relevant environmental regulations[148] - The company has adopted a paperless office approach and encourages energy-saving practices among employees[144] - The company is committed to maintaining high standards of corporate social responsibility and community engagement[112]

Financial Performance - The company's operating revenue for Q3 2021 was ¥176,488,607.66, representing a 123.83% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥4,576,798.98, an increase of 58.05% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,623,321.86, up 36.84% from the previous year[3]. - The company reported a 72.87% increase in operating revenue for the first nine months of 2021 compared to the same period last year, driven by growth across all business segments[8]. - Total revenue for Q3 2021 reached ¥439.30 million, a significant increase of 73% compared to ¥254.12 million in Q3 2020[21]. - Operating profit for Q3 2021 was ¥23.57 million, down 36% from ¥37.05 million in the same period last year[22]. - Net profit for Q3 2021 was ¥24.35 million, a decrease of 26% compared to ¥32.86 million in Q3 2020[22]. - The total comprehensive income attributable to the parent company was CNY 25,832,943.61, compared to CNY 25,404,521.36 in the previous period, reflecting an increase of 1.68%[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,109,432,148.72, a 12.17% increase from the end of the previous year[4]. - Total assets as of September 30, 2021, amounted to ¥1,109.43 million, up from ¥989.03 million at the end of 2020, reflecting a growth of 12%[19]. - Current assets increased to ¥682.97 million from ¥609.63 million, representing a rise of 12%[18]. - Total liabilities rose to ¥316.72 million, compared to ¥212.51 million at the end of 2020, marking an increase of 49%[19]. - Long-term borrowings increased significantly to ¥57.83 million from ¥9.36 million, indicating a rise of 517%[19]. - The company's total equity reached CNY 776,516,599.97, with attributable equity to shareholders at CNY 758,297,113.03[32]. - The company reported an undistributed profit of CNY -390,064,531.10, indicating a loss in retained earnings[32]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥40,484,849.04, a decrease of 190.70% compared to the same period last year[3]. - The net cash flow from operating activities was negative at CNY -40,484,849.04, a decrease from CNY 44,634,958.58 in the previous period[26]. - Cash inflow from operating activities totaled CNY 687,838,728.30, up from CNY 470,559,458.55 year-on-year, indicating a growth of 46.2%[26]. - Cash outflow from operating activities increased to CNY 728,323,577.34, compared to CNY 425,924,499.97 in the previous period, representing a rise of 71.1%[26]. - The net cash flow from investing activities was CNY -40,908,653.06, down from CNY 24,753,847.70 in the previous period[27]. - Cash inflow from investing activities was CNY 477,946,545.66, significantly higher than CNY 224,706,408.79 in the previous period, marking an increase of 112.5%[27]. - Cash inflow from financing activities was CNY 138,572,162.29, compared to CNY 88,572,681.11 in the previous period, reflecting a growth of 56.5%[27]. - The net cash flow from financing activities was CNY 72,190,834.80, a turnaround from a negative CNY -55,100,630.88 in the previous period[27]. - The ending balance of cash and cash equivalents was CNY 133,548,336.79, down from CNY 155,117,329.09 in the previous period[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,318[10]. - The company will cancel 4,280,800 repurchased shares, reducing total share capital from 304,480,284 shares to 300,199,484 shares[13]. Expenses and Income - Sales expenses increased by 38.9% year-on-year, mainly due to business expansion costs[10]. - Investment income increased by 164.71% year-on-year, primarily due to higher returns from financial products held[10]. - Other income increased by 192.64% year-on-year, attributed to increased subsidies from the social security bureau[10]. - Non-operating income rose by 76.65% year-on-year, mainly from late payment penalties and government subsidies[10]. - Tax expenses decreased by 35.41% year-on-year, due to reduced profitability during the reporting period[10]. Other Financial Metrics - The company's basic earnings per share for Q3 2021 was ¥0.0152, reflecting a 58.33% increase year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.0821, down from CNY 0.1134 in the previous period, indicating a decrease of 27.5%[23]. - The company has a capital reserve of CNY 848,551,700.60, which is a significant component of its equity structure[31]. - The company reported a total of CNY 10,005,160.55 in lease liabilities, reflecting the impact of new leasing standards[31]. - The total comprehensive income includes a negative other comprehensive income of CNY -6,825,402.30, affecting overall equity[31]. - The company has a total of CNY 20,177,361.24 in other payables, which may indicate liquidity management strategies[31]. Future Plans - The company plans to transfer assets related to waste heat power generation to its wholly-owned subsidiary and increase its capital[12].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥262,809,758.75, representing a 49.95% increase compared to ¥175,267,870.53 in the same period last year[20]. - The net profit attributable to shareholders decreased by 34.59% to ¥20,368,273.62 from ¥31,137,058.13 year-on-year[20]. - The net profit after deducting non-recurring gains and losses fell by 48.87% to ¥15,732,000.86 compared to ¥30,769,539.62 in the previous year[20]. - The net cash flow from operating activities significantly declined by 82.38% to ¥15,280,787.02 from ¥86,744,958.53 in the same period last year[20]. - Basic earnings per share decreased by 35.49% to ¥0.0669 from ¥0.1037 year-on-year[20]. - Total revenue for the reporting period reached ¥262,809,758.75, representing a year-on-year increase of 49.95% compared to ¥175,267,870.53 in the same period last year[51]. - The company reported a net loss for the first half of 2021 of CNY 1,691,582.96, compared to a net profit of CNY 556,111.57 in the first half of 2020, reflecting a significant downturn[148]. - The total comprehensive income for the first half of 2021 was CNY 19,721,358.28, down from CNY 23,859,847.91 in the first half of 2020, a decrease of approximately 17.9%[150]. Assets and Liabilities - Total assets increased by 6.90% to ¥1,057,252,410.32 from ¥989,025,633.36 at the end of the previous year[20]. - The company's total assets reached CNY 1,030,128,718.37 as of June 30, 2021, up from CNY 976,850,566.57 at the end of 2020, representing a growth of approximately 5.4%[145]. - Total liabilities increased to CNY 261,014,452.07 as of June 30, 2021, compared to CNY 212,509,033.39 at the end of 2020, marking an increase of about 23%[142]. - The total liabilities of the company were reported at 1,324,770,000 yuan, indicating a leverage ratio that needs to be monitored[169]. Revenue Breakdown - The energy-saving and environmental protection sector generated ¥160,991,366.14, accounting for 61.26% of total revenue, with a year-on-year growth of 51.33%[51]. - Revenue from the waste incineration furnace protection business reached CNY 60.78 million, a growth of 20.91% year-on-year, attributed to rising landfill costs and a shift towards incineration[45]. - The anti-wear and anti-corrosion business generated revenue of CNY 59.99 million, up 53.67% year-on-year, driven by increased demand from industries such as steel and cement[45]. - The acoustic noise reduction business reported revenue of CNY 25.21 million, reflecting a 47.63% increase year-on-year, supported by growing environmental awareness[45]. - The company’s revenue from cloud communication services surged by 100% to CNY 40.82 million, following the establishment of Baole Interactive in the second half of 2020[46]. Research and Development - The company has established a first-class technology R&D center and the first "post-doctoral research workstation" in the industry, with 2 post-doctoral researchers and 20 master's degree holders currently involved in product development[40]. - The company has over 20 invention patents and related proprietary technologies, focusing on innovative research in anti-wear and anti-corrosion materials and processes[40]. - The company’s research and development expenditure decreased by 20.49% to CNY 10.83 million compared to the previous year[49]. - Research and development expenses for the first half of 2021 were CNY 10,833,182.79, a decrease from CNY 13,624,810.83 in the first half of 2020, indicating a reduction of approximately 20%[148]. Market Position and Strategy - The company is a leading provider of industrial equipment protection services, focusing on energy conservation and environmental protection[28]. - The company has established a dual business model combining energy conservation and environmental protection with internet marketing since 2017[28]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its business footprint[165]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[165]. Corporate Governance and Social Responsibility - The company emphasizes corporate social responsibility, focusing on creating value for stakeholders and enhancing employee well-being[84]. - The company has not faced any penalties or corrective actions during the reporting period[96]. - The company aims to improve employee retention and attract talent through enhanced corporate culture and compensation packages[74]. - The company held two shareholder meetings during the reporting period, with investor participation rates of 37.08% and 37.10% respectively[77]. Financial Management - The company reported a non-operating income of ¥4,410,799.19, which constituted 19.62% of total profit, mainly from government subsidies[55]. - The company has not engaged in any high-risk entrusted financial management activities during the reporting period[111]. - The total amount of external guarantees approved during the reporting period was CNY 6.6 billion, with actual guarantees amounting to CNY 2.88 billion[109]. - The company has no overdue guarantees or evidence indicating potential joint liability for guarantees during the reporting period[110]. Shareholder Information - The total number of shares decreased from 306,671,584 to 304,480,284 due to the repurchase and cancellation of 2,191,300 restricted stock units[119]. - Major shareholder Zhu Xinghe holds 22.19% of the shares, totaling 67,549,281 shares[125]. - The company plans to cancel an additional 4,280,800 shares, reducing the total share capital from 304,480,284 to 300,199,484 shares[120]. - The total number of shareholders at the end of the reporting period was 25,529[125].

Financial Performance - The company's operating revenue for 2020 was ¥317,861,532.36, a decrease of 15.95% compared to ¥378,175,054.00 in 2019[18]. - The net profit attributable to shareholders in 2020 was -¥508,501,842.60, representing a decline of 701.38% from ¥84,556,117.75 in 2019[18]. - The total assets at the end of 2020 were ¥989,025,633.36, down 35.37% from ¥1,530,232,526.68 at the end of 2019[18]. - The net assets attributable to shareholders decreased by 40.61% to ¥758,297,113.03 from ¥1,276,794,532.84 in 2019[18]. - The basic earnings per share for 2020 was -¥1.6631, a decline of 686.84% from ¥0.2834 in 2019[18]. - The weighted average return on net assets was -49.97%, a decrease of 56.89% compared to 6.92% in 2019[18]. - The company reported a significant increase in non-operating income deductions, with ¥22,300,595.64 in 2020 compared to ¥33,321,032.50 in 2019[19]. - In 2020, the company achieved a total operating revenue of 29,556.09 million yuan, a year-on-year decrease of 14.29%[48]. - The energy-saving and environmental protection business revenue was 18,959.47 million yuan, an increase of 11.15%, accounting for 64.15% of total revenue[48]. - The internet marketing business revenue was 10,546.19 million yuan, a decrease of 39.25%, accounting for 35.68% of total revenue[48]. Cash Flow and Investments - The net cash flow from operating activities was ¥77,435,788.03, a slight decrease of 0.52% compared to ¥77,837,527.05 in the previous year[18]. - The net cash flow from operating activities showed volatility, with a peak of ¥65,368,368.46 in Q2 2020, followed by a negative cash flow of ¥42,109,999.95 in Q3 2020[23]. - The company received government subsidies amounting to ¥4,697,558.00 in 2020, an increase from ¥2,715,575.00 in 2019[25]. - Operating cash inflow totaled 716,647,636.93 yuan, reflecting a 12.73% increase compared to 2019, while cash outflow rose by 14.57% to 639,211,848.90 yuan[63]. - The company reported a significant increase in investment activity cash inflow, which rose by 27.96% to 398,539,578.39 yuan, leading to a net cash inflow from investment activities of 21,603,294.89 yuan[63]. Business Operations and Strategy - The company has expanded its business scope to include waste heat power generation in addition to its existing services[17]. - The company is a leading provider of industrial equipment protection services, focusing on anti-wear and anti-corrosion solutions across key industries such as power, steel, and cement[28]. - The company has developed several new protective materials, including HDS, KM, MC, MT, and MHC series products, aimed at enhancing the durability of industrial systems[29]. - The company is also engaged in acoustic noise reduction services, utilizing new materials and technologies to control noise in various sectors[31]. - The company has maintained a focus on both organic growth and external expansion strategies to enhance its market position in the energy-saving and environmental protection sectors[28]. - The company launched 16 R&D projects throughout the year, focusing on efficiency, cost, and quality improvements[49]. - The company implemented a dual-driven strategy of "energy conservation and environmental protection + internet marketing" to ensure long-term development goals[49]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has not distributed dividends in the past three years, focusing instead on reinvestment for future growth[94]. - The cash dividends over the past three years have been consistently zero, indicating a focus on retaining earnings for operational and investment needs[95]. - The company has committed to fulfilling various promises made during previous capital restructuring and acquisition processes, ensuring compliance with regulatory requirements[99]. Research and Development - Research and development expenses increased by 14.64% year-on-year, amounting to 21,923,356.95 yuan, representing 6.90% of total revenue[62]. - The number of R&D personnel increased by 12.36% to 100, with R&D personnel accounting for 15.02% of the total workforce[62]. - The company achieved significant breakthroughs in technologies such as in-furnace melting, 360-degree cladding, and intelligent online spraying, resulting in substantial cost reductions[49]. Corporate Governance and Compliance - The company has committed to avoiding or reducing related party transactions post the completion of the major asset restructuring, ensuring transactions are conducted at fair market prices[108]. - The company will ensure that any unavoidable related party transactions are conducted in accordance with national laws and the company's articles of association[103]. - The company has established a strict procedure for any unavoidable related transactions post-major asset restructuring, ensuring compliance with national laws and regulations[110]. - The company has confirmed that all commitments made to minority shareholders were fulfilled on time[117]. Market Outlook and Future Plans - The company aims to leverage technological innovation to upgrade products and improve competitiveness, focusing on energy-saving and environmental protection business modules[89]. - The company plans to enhance its core business in energy conservation and environmental protection while exploring new opportunities in the internet sector over the next three years[90]. - The company has set a future outlook with a revenue target of 12 billion RMB for the next fiscal year, indicating a projected growth of 20%[197]. - The management team emphasized the importance of enhancing operational efficiency, targeting a 5% reduction in operational costs over the next year[198].