Financial Performance - The company reported a revenue of ¥363,033,092.29 for the first half of 2014, a slight increase of 0.07% compared to ¥362,779,628.08 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥5,649,537.24, representing a decline of 171.56% from a profit of ¥7,895,041.66 in the previous year[18]. - The net cash flow from operating activities was negative at ¥33,675,199.43, a decrease of 582.88% compared to ¥6,973,770.93 in the same period last year[18]. - The company's weighted average return on net assets was -0.96%, down from 1.12% in the previous year[18]. - The company's basic and diluted earnings per share were both -¥0.02, a decrease of 166.67% from ¥0.03 in the same period last year[18]. - Operating costs increased by 4.40% to 331,229,008.68, impacting overall profitability[28]. - The gross profit margin for steel structure engineering revenue is 8.76%, reflecting a decrease of 3.78% year-on-year[30]. - The net profit margin for the period was impacted by increased operating costs, with net profit decreasing from CNY 35,774,429.69 to CNY 28,496,524.23, a drop of about 20.5%[101]. - The company reported a total profit of -¥8,524,342.81 for the current period, compared to a profit of ¥8,689,852.62 in the previous period[105]. - The company reported a significant increase in employee compensation payments, rising to 15,017,185.05 yuan from 9,425,786.67 yuan, reflecting higher labor costs[110]. Assets and Liabilities - The total assets increased by 10.21% to ¥1,828,538,533.63 from ¥1,659,149,158.68 at the end of the previous year[18]. - The company's total current assets at the end of the reporting period amounted to RMB 1,270,752,764.50, an increase from RMB 1,143,616,859.96 at the beginning of the period, reflecting a growth of approximately 11.1%[95]. - Current liabilities totaled CNY 899,116,047.55, up from CNY 724,005,192.12, reflecting an increase of approximately 24.2%[97]. - The total liabilities increased to CNY 1,209,112,219.25 from CNY 1,033,754,750.89, reflecting a growth of about 16.9%[97]. - The total owner's equity at the end of the reporting period was 544,543,221.62 CNY, a decrease from the previous year's balance[120]. - The company’s total liabilities were reported at 182.97 million RMB, indicating a leverage ratio that may impact future financial stability[128]. Cash Flow - The net cash flow from financing activities improved significantly to 37,762,896.43, compared to -44,881,090.85 in the previous year[28]. - The cash flow from financing activities resulted in a net inflow of ¥37,762,896.43, contrasting with a net outflow of -¥44,881,090.85 in the previous period[109]. - Cash inflows from financing activities rose to 278,651,327.04 yuan, up 54.1% from 180,000,000.00 yuan in the prior period, showing increased borrowing[111]. - The total cash and cash equivalents at the end of the period is ¥73,571,874.76, down from ¥205,515,422.80 at the beginning of the period[109]. - The cash flow from investing activities shows a net outflow of -¥18,625,904.22, compared to -¥64,506,988.53 in the previous period[108]. Production and Capacity - The company completed an engineering volume of 35,700 tons during the reporting period[25]. - The company’s annual production capacity expansion project for bridge steel structures of 80,000 tons has been completed and put into operation[25]. - The company has completed and put into production an expansion project with an annual capacity of 80,000 tons of steel structures, increasing total production capacity to 160,000 tons[31]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the reporting period[6]. - The total number of shares increased from 155,500,000 to 311,000,000 after a capital reserve conversion of 10 shares for every 10 shares held[82]. - The largest shareholder, Jiangsu Huanyu Investment Co., Ltd., holds 34.20% of the shares, totaling 106,371,400 shares, with 18,000,000 shares pledged[84]. - The total number of ordinary shareholders at the end of the reporting period was 11,296[84]. Compliance and Governance - The company has committed to strict compliance with relevant laws and regulations, ensuring no misuse of company funds or assets[75]. - There were no penalties or rectifications during the reporting period[77]. - The company has not appointed or dismissed any accounting firms for the semi-annual financial report[79]. - The board of directors underwent a re-election on May 12, 2014, with several new members being elected[91]. Research and Development - Research and development expenses rose by 13.58% to 24,448,960.84, indicating a focus on innovation[28]. - The technical research center project is currently in the final stages, with completion delayed to September 2014 due to construction impacts[42]. Market and Strategic Outlook - The company expects net profit attributable to shareholders for the first three quarters of 2014 to range from 1 million to 5 million, a change of -75% to 21% compared to the same period in 2013[49]. - The company faced challenges such as tight government budgets and rising labor costs, but production capacity began to recover in the second quarter of 2014[50]. - The company did not report any significant new products, technologies, or market expansions during the period[78]. Accounting Policies - The financial statements were prepared in accordance with the Chinese Accounting Standards, ensuring compliance and transparency[125]. - The company has not made any significant changes to accounting policies or estimates during the reporting period[196][197]. - The main tax rates applicable to the company include a 25% corporate income tax rate and a 17% value-added tax rate[200].

Financial Performance - The company's operating revenue for Q1 2014 was ¥130,078,167.37, a decrease of 18.73% compared to ¥160,058,121.82 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥10,476,320.63, representing a decline of 228.03% from a profit of ¥8,182,958.25 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,312,051.67, down 238.42% from ¥8,172,060.00 in the same period last year[8] - The basic and diluted earnings per share were both -¥0.03, a decrease of 160% compared to ¥0.05 in the previous year[8] - The total comprehensive income for Q1 2014 was -¥10,540,941.67, compared to ¥8,243,345.87 in the previous year, reflecting a substantial drop in overall financial performance[35] - The total profit before tax for Q1 2014 was a loss of ¥12,996,339.81, compared to a profit of ¥9,579,352.68 in the same period last year[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,745,499,725.44, an increase of 5.2% from ¥1,659,149,158.68 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.62% to ¥579,244,322.04 from ¥588,769,396.58 at the end of the previous year[8] - Current assets totaled CNY 1,218,288,550.13, an increase from CNY 1,133,001,200.61 in the previous year, reflecting a growth of 7.5%[28] - Total liabilities increased to CNY 1,243,242,781.07 from CNY 1,123,189,247.35, representing a rise of 10.7% year-over-year[29] - The company's total assets reached CNY 1,784,723,291.25, up from CNY 1,675,010,374.43, indicating a growth of 6.5%[29] Cash Flow - The company reported a net cash flow from operating activities of -¥63,959,165.23, an improvement from -¥94,656,226.54 in the previous year[8] - Cash flow from operating activities showed a net outflow of -¥63,959,165.23, an improvement from -¥94,656,226.54 in the same quarter last year[39] - The net cash flow from investing activities was -$13.22 million, an improvement from -$47.01 million in the previous period[42] - The net cash flow from financing activities was $22.69 million, down from $28.15 million in the previous period[42] Shareholder Information - The number of shareholders at the end of the reporting period was 15,850[10] - The top shareholder, Jiangsu Huanyu Investment Development Co., Ltd., held 34.2% of the shares, totaling 106,371,400 shares[11] Expenses - Sales expenses decreased by 62.19% year-on-year, attributed to reduced market development investments[15] - Management expenses increased by 39.21% year-on-year, mainly due to higher R&D expenditures[15] - Financial expenses increased by 31.80% year-on-year, driven by increased interest payments on corporate bonds and discount interest[15] Other Financial Metrics - Non-recurring gains and losses amounted to ¥835,731.04, primarily from government subsidies and other income[9] - Prepayments increased by 252.59% year-on-year, primarily due to increased advance payments to suppliers and equipment[15] - Receivables from customers increased by 65.35% year-on-year, indicating a rise in customer prepayments during the period[15] - Employee compensation payable decreased by 74.92% year-on-year, mainly due to a reduction in unpaid wages at the end of the period[15] - Tax payable increased by 67.28% year-on-year, primarily due to a decrease in corporate income tax resulting from losses incurred this year[15]

Financial Performance - The company's operating revenue for 2013 was CNY 665,505,903.82, a decrease of 12.49% compared to CNY 760,448,867.47 in 2012[21] - The net profit attributable to shareholders for 2013 was a loss of CNY 62,815,372.58, representing a decline of 239.98% from a profit of CNY 44,873,565.49 in 2012[21] - The basic earnings per share for 2013 was -CNY 0.20, a decline of 233.33% from CNY 0.15 in 2012[21] - The weighted average return on equity was -10.03% in 2013, a decrease of 18.06% from 8.03% in 2012[21] - The company reported a net profit attributable to shareholders of -62,815,372.58 CNY for the current period, compared to a profit of 44,873,565.49 CNY in the previous period[25] - The company's revenue from steel structure engineering was ¥665,505,903.82, with a year-on-year decrease of 12.48%[47] - The company reported a total comprehensive loss of -¥62,327,733.18 compared to a comprehensive income of ¥45,245,455.93 in the previous period[189] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 100,147,487.28, an improvement of 76.92% compared to a negative CNY 428,561,703.27 in 2012[21] - The cash and cash equivalents decreased by ¥219,604,861.90, a decline of 232.53% compared to the previous year[44] - The net cash flow from operating activities was -¥103,574,318.47, an improvement from -¥427,618,133.72 in the previous period, indicating a significant reduction in cash outflow[198] - The ending balance of cash and cash equivalents decreased to ¥84,892,910.46 from ¥307,003,114.76, a decline of approximately 72.3%[199] Assets and Liabilities - The total assets at the end of 2013 were CNY 1,659,149,158.68, down 6.82% from CNY 1,780,646,948.83 at the end of 2012[21] - The total liabilities decreased from CNY 1,080,484,807.86 to CNY 1,033,754,750.89, a decline of about 4.3%[182] - Owner's equity decreased from CNY 700,162,140.97 to CNY 625,394,407.79, a decline of about 10.7%[182] Investments and R&D - The company applied for 8 patents during the reporting period and obtained 6 new intellectual property rights, bringing the total to 44 patents[31] - The company has established a dedicated project team to increase R&D investment for foreign projects[31] - The company's R&D expenditure was ¥41,575,367.49, representing 6.25% of the total revenue for the reporting period[41] Management and Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations, and continuously improving its internal management and control systems[150] - The company has a diverse board with independent directors, ensuring governance and oversight[136] - The company has maintained a consistent management team with no new share acquisitions or disposals reported for the current year[133] Market and Competition - The company aims to strengthen its position in the large and super-large bridge market, with expectations to catch up and surpass competitors within the next 3-5 years[79] - The company plans to actively explore and cultivate overseas markets to participate in international competition[80] Employee and Workforce - The company reported a total of 467 employees at the end of the reporting period, with 55.46% being production personnel[146] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 306万元[143] - The company emphasizes the importance of employee training, implementing various training methods to enhance both technical skills and theoretical knowledge[148] Risks and Challenges - The company faces risks including rising labor costs and uncertainties in expanding international cooperation orders[12] - The company faced increased labor costs due to strong demand for skilled labor in coastal areas, impacting profitability[32] Shareholder Information - The controlling shareholder, Jiangsu Huanyu Investment Development Co., Ltd., holds 106,371,400 shares, representing a significant portion of the company's equity[129] - The total number of shareholders increased from 14,149 to 17,153 during the reporting period, indicating a growth in shareholder base[127] Audit and Compliance - The company has a standard unqualified audit opinion for the financial statements for the year ended December 31, 2013[178] - The company has not faced any major penalties or corrective actions during the reporting period[115]

Financial Performance - The company's operating revenue for Q1 2014 was ¥130,078,167.37, a decrease of 18.73% compared to ¥160,058,121.82 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥10,476,320.63, representing a decline of 228.03% from a profit of ¥8,182,958.25 in the previous year[8] - The basic and diluted earnings per share were both -¥0.03, down 160% from ¥0.05 in the same period last year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,745,499,725.44, an increase of 5.2% from ¥1,659,149,158.68 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.62% to ¥579,244,322.04 from ¥588,769,396.58 at the end of the previous year[8] Cash Flow - The net cash flow from operating activities was -¥63,959,165.23, an improvement from -¥94,656,226.54 in the previous year[8] - Cash received from operating activities decreased by 44.76% year-on-year, mainly due to a reduction in customer prepayments[16] - Cash received from other operating activities increased by 10130.17% year-on-year, mainly due to an increase in government subsidies[16] Receivables and Payables - The accounts receivable increased by 42.36% year-on-year, primarily due to the receipt of bank acceptance bills[15] - Prepayments increased by 252.59% year-on-year, primarily due to increased advance payments to suppliers and equipment[16] - Advances from customers rose by 65.35% year-on-year, mainly due to an increase in customer prepayments during the period[16] - Employee compensation payable decreased by 74.92% year-on-year, attributed to a reduction in unpaid wages at the end of the period[16] - Tax payable increased by 67.28% year-on-year, mainly due to a decrease in corporate income tax resulting from losses incurred this year[16] Expenses - Sales expenses decreased by 62.19% year-on-year, primarily due to reduced market development investments[16] - Management expenses increased by 39.21% year-on-year, mainly due to an increase in R&D expenses[16] - Financial expenses increased by 31.80% year-on-year, driven by higher interest payments on corporate bonds and discount interest on notes[16] Operating Income - Operating income increased by 7431.96% year-on-year, primarily due to an increase in government subsidies[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,850[10]

Financial Performance - The company's operating revenue for 2013 was CNY 665,505,903.82, a decrease of 12.49% compared to CNY 760,448,867.47 in 2012[20] - The net profit attributable to shareholders for 2013 was a loss of CNY 62,815,372.58, representing a decline of 239.98% from a profit of CNY 44,873,565.49 in 2012[20] - The basic earnings per share for 2013 was -CNY 0.20, a decline of 233.33% from CNY 0.15 in 2012[20] - The weighted average return on equity was -10.03% in 2013, a decrease of 18.06% from 8.03% in 2012[20] - The company reported a net loss of ¥62,301,520.96 compared to a net profit of ¥45,247,388.99 in the previous year, indicating a significant downturn[187] - Total operating revenue decreased to ¥665,505,903.82 from ¥760,448,867.47, a decline of approximately 12.5% year-over-year[186] - The company reported a significant decrease in profit distribution to owners, amounting to -12,440,000[200] - The total comprehensive income for the period was -62,327,733.18, highlighting ongoing financial challenges[200] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 100,147,487.28, an improvement of 76.92% compared to a negative CNY 428,561,703.27 in 2012[20] - Cash and cash equivalents decreased by 232.53% to -¥219,604,861.90, indicating significant cash outflows[43] - The total assets at the end of 2013 were CNY 1,659,149,158.68, down 6.82% from CNY 1,780,646,948.83 at the end of 2012[20] - The total current asset of CNY 1,143,616,859.96, down from CNY 1,486,489,698.08, a decrease of approximately 23.1%[178] - Cash flow from operating activities increased to ¥625,353,350.44 from ¥496,751,608.85, an increase of about 25.9% year-over-year[192] - The ending balance of cash and cash equivalents was 88,333,481.61 CNY, down from 307,938,343.51 CNY at the beginning of the period[194] Investments and R&D - The company completed its annual production capacity expansion project of 80,000 tons of steel structures, which is now operational[29] - During the reporting period, the company applied for 8 patents and obtained 6 new intellectual property rights, bringing the total to 44 patents[30] - Research and development expenses amounted to ¥41,575,367.49, representing 6.25% of the total revenue for the reporting period[40] - The "Technology R&D Center Project" has a progress rate of 52.36%, expected to be operational by May 2014[66] Corporate Governance and Compliance - The company has established a system for insider information registration and management, ensuring compliance with relevant regulations[149] - The company’s governance structure complies with the requirements of the Company Law and relevant regulations from the China Securities Regulatory Commission[149] - The company has maintained compliance with pricing principles in related transactions, adhering to market price standards[99] - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the listing date, which started on March 9, 2012, and this commitment has been strictly fulfilled[110] Shareholder Information - The number of shareholders increased from 14,149 to 17,153 during the reporting period, indicating a growing investor interest[126] - Jiangsu Huanyu Investment Development Co., Ltd. holds 34.2% of the shares, making it the largest shareholder[126] - The company has not reported any significant shareholding changes among its directors and senior management during the reporting period[131] Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.06 million yuan[141] - The company emphasizes employee training, implementing various training methods to enhance both technical skills and theoretical knowledge[147] - The company had a total of 467 employees at the end of the reporting period, with 55.46% being production personnel and 21.41% being professional technical staff[145] Risks and Challenges - The company faces risks including fluctuations in the macroeconomic environment and rising labor costs impacting profitability[11] - The company has not encountered any project implementation issues resulting in surplus funds[69] - The financial report indicates a need for strategic adjustments to improve profitability and market position[200] - Future outlook remains uncertain without clear guidance on recovery strategies or market expansion plans[200]