Financial Performance - The company's operating revenue for 2021 was ¥5,737,485,934.12, representing a 40.82% increase compared to ¥4,074,415,980.63 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥166,115,738.45, a 24.99% increase from ¥132,901,786.31 in the previous year[19]. - The net cash flow from operating activities was negative at -¥631,611,675.70, a significant decline of 395.84% compared to ¥213,497,381.52 in 2020[19]. - The total assets at the end of 2021 amounted to ¥10,083,181,670.20, an increase of 11.47% from ¥9,045,273,442.87 at the end of 2020[19]. - The net assets attributable to shareholders increased by 4.75% to ¥3,052,168,079.09 from ¥2,913,727,384.34 in 2020[19]. - The basic earnings per share for 2021 was ¥0.38, a decrease of 5.00% from ¥0.40 in 2020[19]. - The weighted average return on equity was 5.57%, down from 5.97% in the previous year[19]. - The company achieved operating revenue of CNY 573,748.59 million, a year-on-year increase of 40.82%[51]. - The net profit attributable to shareholders was CNY 16,611.57 million, up 24.99% compared to the previous year[51]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,660.01 million, reflecting a growth of 25.63% year-on-year[51]. - The company's total revenue for 2021 reached ¥5,157,982,941.97, representing a year-on-year increase of 49.26%[56]. Business Operations - The company has not reported any changes in its main business since its listing, indicating stability in its operational focus[18]. - The company's main business is in the steel structure industry, focusing on design, manufacturing, and installation, with a product range including heavy and light steel structures, as well as high-end wooden doors[33]. - The company adopts an order-driven business model, with sales as the central focus of its operations, ensuring a stable supply chain for raw materials[34]. - The company has established a stable supply channel primarily with steel material distributors and upstream steel manufacturers[36]. - The company’s production processing follows a contract-based model, where it self-sources materials for project-specific requirements[37]. - The company is positioned to benefit from the rapid growth of prefabricated buildings, with expectations that prefabricated construction will account for over 30% of new building area by 2025[32]. - The company has a competitive advantage through its integrated business model of design, manufacturing, and installation in the steel structure sector[38]. - The company’s wooden door business combines engineering sales and retail, enhancing brand recognition through media advertising[41]. Market and Industry Insights - In 2020, the national construction industry output value reached CNY 26,392.7 billion, with the steel structure output value at CNY 810 billion, accounting for only 3.07% of the total construction output[31]. - The steel structure production in China was 81.38 million tons in 2020, representing 7.70% of the crude steel production, indicating significant growth potential compared to developed countries[31]. - The "14th Five-Year Plan" aims for national steel structure usage to reach approximately 140 million tons by the end of 2025, with an annual growth rate of about 11.5%[32]. - The steel structure industry contributed CNY 5,157,982.94 million, accounting for 89.90% of total operating revenue, with a year-on-year growth of 49.26%[53]. - The construction engineering segment generated CNY 3,851,888.16 million, representing 67.14% of total revenue, with a growth rate of 54.38%[53]. Research and Development - The company emphasizes talent development and has a team of industry-recognized technical and management professionals, contributing to market expansion and innovation[47]. - The company’s research and development expenses increased by 40.27% to ¥200,395,640.71, driven by business growth[67]. - The company is investing 50 million CNY in R&D for innovative construction materials, aiming to reduce costs by 15% over the next two years[133]. - The company has a strong emphasis on research and development in steel structure engineering, with several key personnel involved in significant projects and academic contributions[121][122]. Governance and Compliance - The company is committed to transparent governance and compliance with legal regulations to protect investor rights, especially for minority shareholders[103]. - The company has implemented a combination of on-site and online voting for shareholder meetings to ensure equal participation and transparency[104]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring that major decisions are made independently[112]. - The board of directors consists of 9 members, including 3 independent directors with expertise in accounting, steel structure, and management, complying with legal requirements[106]. - The company has established a robust internal control system, including regulations on related transactions and external guarantees, to ensure compliance and operational efficiency[110]. - The company has a dedicated financial accounting department and independent accounting system, allowing for autonomous financial decision-making[113]. - The company actively engages with stakeholders and maintains transparent communication, fulfilling its social responsibilities[108]. - The company has not engaged in any non-operational fund transfers with its controlling shareholder or related parties during the reporting period[112]. Employee and Labor Relations - The total number of employees at the end of the reporting period is 2,238, with 528 in the parent company and 1,710 in major subsidiaries[146]. - The professional composition includes 1,317 production personnel, 117 sales personnel, 444 technical personnel, 64 financial personnel, and 296 administrative personnel[146]. - The company emphasizes competitive salary and benefits to ensure employee rights and satisfaction[147]. - The training plan includes content on employee quality, vocational skills, and production safety management, with a focus on improving overall employee efficiency[148]. Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue target of 1.5 billion CNY for 2022, indicating an expected growth rate of 25%[129]. - New product development includes the launch of a state-of-the-art steel structure technology, projected to enhance production efficiency by 30%[130]. - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a market share increase of 10% in those regions[131]. - A strategic acquisition of a local competitor is in progress, expected to be finalized by Q3 2022, which will increase the company's production capacity by 40%[132]. - The company is focusing on high-quality development actions, including quality improvement projects and cost control initiatives[91]. Risk Management - The company faces risks from economic cycles and macroeconomic policies, which could impact its main business performance; it plans to adjust strategies based on economic conditions[95]. - Fluctuations in raw material prices, particularly steel, pose a risk to the company's profitability; the company aims to mitigate this by tracking price trends and securing favorable contracts[96]. - The company has a high debt-to-asset ratio compared to industry peers, which could lead to liquidity risks; it is enhancing project management and receivables collection to improve cash flow[98]. - The company is experiencing management challenges due to rapid expansion, necessitating improvements in management capabilities to maintain operational efficiency[99]. Environmental and Social Responsibility - The company emphasizes green development and sustainability, adhering to low-carbon operations and environmental protection measures throughout its business practices[176]. - The company has actively engaged in social welfare initiatives, including assistance for education, poverty alleviation, and support for the elderly, reflecting its commitment to corporate social responsibility[176]. - The company has implemented strict compliance with national and local environmental protection laws, with no significant environmental pollution incidents reported during the reporting period[176].

Financial Performance - The company's operating revenue for the third quarter reached ¥1,908,027,597.25, representing a year-on-year increase of 39.88%[4] - The net profit attributable to shareholders was ¥62,734,022.87, up 26.65% compared to the same period last year[4] - The company reported a 46.39% increase in operating income year-to-date, attributed to enhanced business development and increased sales[10] - Total operating revenue for the current period reached ¥4,290,855,409.23, a significant increase from ¥2,931,046,814.63 in the previous period, representing a growth of approximately 46.3%[20] - Net profit for the current period was ¥130,895,225.43, compared to ¥101,292,849.69 in the previous period, reflecting a growth of approximately 29.2%[21] - The company reported a total profit of ¥150,734,824.99, up from ¥119,307,086.89, which is an increase of approximately 26.4%[21] Earnings and Shares - The basic earnings per share decreased by 6.67% to ¥0.14, while diluted earnings per share remained the same at ¥0.14[4] - The basic and diluted earnings per share remained stable at ¥0.30 for both periods[22] Assets and Liabilities - Total assets increased by 9.13% to ¥9,871,433,298.33 compared to the end of the previous year[5] - The company's total liabilities increased by 55.99% due to an increase in long-term bank loans[9] - Total liabilities reached CNY 6,803,537,886.01, compared to CNY 6,093,560,946.28, marking an increase of approximately 11.63%[18] - The company's equity attributable to shareholders was CNY 3,016,435,519.55, up from CNY 2,913,727,384.34, representing a growth of about 3.54%[18] - The company's non-current liabilities rose to CNY 912,007,476.96 from CNY 560,822,439.38, an increase of about 62.49%[18] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of ¥632,377,485.90, a decrease of 600.86% year-on-year[4] - The net cash flow from operating activities was negative at -¥632,377,485.90, a decline from a positive cash flow of ¥126,258,057.55 in the previous period[24] - Cash and cash equivalents at the end of the period totaled ¥677,211,600.64, compared to ¥350,838,089.12 at the end of the previous period, showing an increase of approximately 93%[25] - The financing activities generated a net cash flow of ¥335,597,134.83, a significant improvement compared to a negative cash flow of -¥2,946,010.60 in the previous period[25] Current Assets and Receivables - The company's current assets totaled CNY 8,022,262,509.52, up from CNY 7,162,214,852.87 in the previous year[16] - Accounts receivable increased to CNY 2,805,228,720.81 from CNY 2,444,206,671.55, reflecting a growth of approximately 14.74%[16] - The inventory value rose to CNY 522,306,614.15, compared to CNY 505,788,110.31, indicating a slight increase of about 3.14%[16] - The total contract assets surged to CNY 2,886,479,223.81 from CNY 1,972,718,915.73, indicating a significant increase of approximately 46.23%[16] Expenses - Total operating costs amounted to ¥4,159,094,829.43, up from ¥2,853,770,486.06, indicating an increase of about 45.7%[20] - Research and development expenses increased to ¥120,063,847.70 from ¥102,477,460.27, marking a rise of about 17.1%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,951[12] Other Information - The third quarter report for Anhui Fuhuang Steel Structure Co., Ltd. was not audited[27] - The company began implementing the new leasing standards in 2021, with no adjustments needed for the beginning balance sheet items[26] - The weighted average return on equity decreased to 2.13%, down 5.75% from the previous year[5] - The company received government subsidies amounting to ¥2,638,281.25 during the quarter, contributing to a 55.83% increase in other income[10]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥2.38 billion, representing a 52.06% increase compared to ¥1.57 billion in the same period last year[20]. - The net profit attributable to shareholders was approximately ¥66.72 million, up 30.86% from ¥50.98 million in the previous year[20]. - The company reported a basic earnings per share of ¥0.15, unchanged from the previous year[20]. - The weighted average return on net assets was 2.26%, slightly down from 2.32% in the previous year[20]. - The total operating revenue for the first half of 2021 was CNY 2,382,827,811.98, an increase from CNY 1,567,044,185.27 in the same period of 2020, representing a growth of approximately 52.0%[147]. - The total profit for the first half of 2021 reached CNY 78,550,056.93, representing a 28.1% increase from CNY 61,330,919.80 in the first half of 2020[150]. - The net profit attributable to the parent company for the first half of 2021 was CNY 59,280,847.77, up from CNY 24,397,715.81 in the same period of 2020, reflecting a growth of approximately 143.5%[147]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately -¥228.22 million, a decrease of 305.85% compared to ¥110.87 million in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was -358,981,534.27 CNY, compared to 133,189,689.97 CNY in the same period of 2020, indicating a significant decline in operational cash flow[160]. - The cash and cash equivalents decreased to CNY 1,342,386,379.05 from CNY 1,482,935,173.94, representing a decline of approximately 9.45%[139]. - The cash and cash equivalents at the end of the first half of 2021 were 889,736,344.93 CNY, a decrease from 479,542,381.37 CNY at the end of the first half of 2020[159]. - The company's cash and cash equivalents decreased by 149.46% year-on-year, attributed to increased operational outflows[62]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥9.33 billion, reflecting a 3.17% increase from ¥9.05 billion at the end of the previous year[20]. - The total liabilities increased to CNY 6,327,461,780.11 as of June 30, 2021, from CNY 6,093,560,946.28 at the end of 2020, representing a growth of approximately 3.85%[142]. - The company's accounts receivable increased to ¥2,818,038,281.59, accounting for 30.20% of total assets, up from 27.02% in the previous year[65]. - The company's total assets as of June 30, 2021, amounted to CNY 8,374,041,337.07, compared to CNY 8,270,675,918.92 at the end of 2020, showing an increase of about 1.25%[145]. Investment and R&D - Research and development investment rose by 13.96% to ¥77,605,167.10, reflecting the company's commitment to innovation and technology advancement[57]. - The company reported a research and development expense of CNY 77,605,167.10 for the first half of 2021, compared to CNY 68,099,375.27 in the same period of 2020, indicating an increase of about 13.5%[147]. Market and Industry Position - The company focuses on steel structure design, manufacturing, and installation, with a strong emphasis on heavy-duty steel structures and prefabricated building industrialization[28]. - The market for prefabricated steel structures is expected to grow significantly due to government policies promoting green building and industrial modernization[46]. - The steel structure industry in China had a total output value of 810 billion yuan in 2020, accounting for only 3.07% of the total construction output value[45]. - The company has established a stable supply chain with steel material distributors and upstream steel manufacturers[32]. Shareholder and Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[6]. - The controlling shareholder, Anhui Fuhuang Construction Co., Ltd., has committed not to transfer or delegate management of its shares for 36 months post-listing, ensuring stability in shareholding[90]. - The company has implemented measures to avoid competition with its own business and products, ensuring that shareholders do not exploit their positions to harm the company or other shareholders[91]. - The company is committed to reporting any changes in shareholding if the total reaches or exceeds 5%[93]. Social Responsibility and Ethics - The company actively engages in social responsibility initiatives, focusing on education, poverty alleviation, and support for the elderly, demonstrating a commitment to high ethical standards and corporate responsibility[87]. - The company plans to enhance efforts in protecting shareholder and investor rights, employee rights, supplier and customer rights, environmental protection, public relations management, and social welfare projects[87]. Risks and Challenges - The company faces risks related to economic cycles, raw material price fluctuations, and debt repayment, which could impact performance[75][76][78]. - The company plans to enhance its market competitiveness and management capabilities to mitigate risks associated with economic downturns and industry competition[75].

Financial Performance - The company's revenue for Q1 2021 was ¥939,642,605.10, representing a 72.70% increase compared to ¥544,079,629.74 in the same period last year[8] - Net profit attributable to shareholders reached ¥12,578,638.70, a significant increase of 919.18% from ¥1,234,195.60 year-on-year[8] - The basic earnings per share rose to ¥0.04, marking a 981.08% increase from ¥0.0037 in the previous year[8] - Net profit for the current period was CNY 13,110,933.42, representing a 745% increase from CNY 1,551,012.08 year-on-year[16] - The basic earnings per share rose to CNY 0.04, an 881% increase from CNY 0.0037 in the previous year[16] - The total comprehensive income for the period was ¥13,110,933.42, significantly higher than ¥1,551,012.08 in the prior year[44] - The total comprehensive income for the first quarter was CNY 13,110,329.21, compared to CNY 6,630,316.66 in the same period last year, representing an increase of approximately 97.5%[48] Cash Flow - The net cash flow from operating activities was -¥271,094,124.23, worsening from -¥65,572,183.02 in the same period last year[8] - The cash flow from operating activities showed a net outflow of CNY 271,094,124.23, a 313% increase in outflow compared to CNY -65,572,183.02 from the previous year[16] - Cash inflows from operating activities totaled CNY 1,344,000,499.32, up from CNY 1,085,583,961.43, indicating a growth of about 23.8% year-over-year[51] - The net cash flow from operating activities was negative at CNY -271,094,124.23, worsening from CNY -65,572,183.02 in the previous year[51] - Cash outflows for purchasing goods and services increased to CNY 1,234,961,677.02 from CNY 852,190,023.38, reflecting a rise of approximately 45%[51] - The net cash flow from financing activities was CNY 35,308,449.45, down from CNY 113,504,538.80, indicating a decline of approximately 68.9%[52] - The ending balance of cash and cash equivalents was CNY 750,005,020.03, compared to CNY 279,199,534.06 at the end of the previous year, showing an increase of about 168.5%[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,731,654,453.40, a decrease of 3.47% from ¥9,045,273,442.87 at the end of the previous year[8] - Current assets totaled CNY 6,866,887,626.03, down from CNY 7,162,214,852.87, indicating a decrease of about 4.13%[33] - The company's cash and cash equivalents decreased to CNY 1,245,236,538.94 from CNY 1,482,935,173.94, representing a decline of approximately 16.00%[33] - Total liabilities decreased to CNY 5,766,466,590.57 from CNY 6,093,560,946.28, reflecting a reduction of approximately 5.36%[35] - The company's equity attributable to shareholders increased slightly to CNY 2,926,638,136.02 from CNY 2,913,727,384.34, an increase of about 0.45%[36] - The company reported a decrease in accounts payable from CNY 1,941,030,602.74 to CNY 1,613,767,483.06, a decline of about 16.83%[35] Research and Development - Research and development expenses increased by 55% to CNY 27,913,212.85, reflecting the company's commitment to enhancing R&D investment[16] - Research and development expenses increased to ¥27,913,212.85 from ¥17,971,739.27, highlighting a focus on innovation[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,371[12] - The largest shareholder, Anhui Fuhuang Construction Co., Ltd., held 33.22% of the shares, amounting to 144,616,314 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Contracts and Ventures - The company secured a major contract with Shandong Yulong Petrochemical Co., with a total bid amount of CNY 20.34 billion for steel structure manufacturing[17] - The company established a joint venture with Henan Longcheng, contributing CNY 36 million for a 60% stake in the new subsidiary[18] Other Financial Metrics - The weighted average return on equity was 0.43%, up from 0.06% year-on-year[8] - The company reported non-recurring gains and losses totaling ¥1,863,334.07 for the period[9] - The company reported a 433% increase in deferred income to CNY 58,427,925.00, primarily due to the transfer of borrowed funds into deferred income[16] - The company's gross profit margin improved, with operating profit recorded at ¥12,720,584.27, compared to ¥4,807,278.54 previously[43] - The total operating costs amounted to ¥933,457,064.22, compared to ¥566,176,239.88 in the prior year, indicating a rise in costs[42] - The company reported a decrease in credit impairment losses to ¥4,123,100.69 from ¥25,173,920.92, indicating better asset quality[42] Audit and Compliance - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented[56] - The company is not applying the new leasing standards for the current financial year, which may impact future financial reporting[56]

Financial Performance - The company's operating revenue for 2020 was CNY 4,074,415,980.63, representing an increase of 8.95% compared to CNY 3,739,840,077.26 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 132,901,786.31, a significant increase of 47.21% from CNY 90,279,867.97 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 124,647,053.99, up 59.44% from CNY 78,178,181.06 in 2019[17]. - The basic earnings per share for 2020 was CNY 0.40, an increase of 48.15% compared to CNY 0.27 in 2019[17]. - The weighted average return on net assets was 5.97%, up from 4.31% in the previous year, indicating improved profitability[17]. - Total assets increased by 17.79% to CNY 9,045,273,442.87 from CNY 7,678,994,231.05[19]. - Net assets attributable to shareholders rose by 34.20% to CNY 2,913,727,384.34 compared to CNY 2,171,111,840.64[19]. - The company achieved operating revenue of CNY 407,441.60 million in 2020, representing a year-on-year growth of 8.95%[38]. - The net profit attributable to shareholders increased to CNY 13,290.18 million, a growth of 47.21% compared to the previous year[38]. - Basic earnings per share rose to CNY 0.40, reflecting a year-on-year increase of 48.15%[38]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 46.61% to CNY 213,497,381.52 from CNY 399,900,143.22 in 2019[17]. - The company plans to distribute a cash dividend of CNY 0.62 per 10 shares, based on a total of 435,268,478 shares[5]. - The cash dividend for 2020 represents 20.31% of the net profit attributable to ordinary shareholders, which was RMB 132,901,786.31[109]. - The total distributable profit for 2020 was RMB 653,073,216.83, with the cash dividend accounting for 100% of the profit distribution[110]. - The company has maintained a consistent cash dividend policy over the past three years, with previous distributions of RMB 0.50 per 10 shares in 2018, totaling approximately RMB 16.82 million[106]. Business Operations and Strategy - The company operates in the steel structure design, manufacturing, and installation sector, focusing on heavy and special steel structures[27]. - Major products include heavy steel structures for large industrial buildings and lightweight steel structures for warehouses[28]. - The company employs an order-driven business model, with procurement and production aligned with sales[29]. - The company has established subsidiaries for various business segments, including wood products and prefabricated building components[27]. - The company is focusing on the dual-driven strategy of EPC contracting and basic processing, with an increasing proportion of EPC projects in its portfolio[40]. - The company plans to continue its R&D efforts in prefabricated high-rise steel structure housing technology, aligning with market demand for prefabricated buildings[40]. Market Position and Growth - The company has established a comprehensive marketing strategy focusing on strategic and major clients, leading to rapid growth in the East China region[32]. - The company holds high-level qualifications, including special-grade qualifications for housing construction and steel structure manufacturing, ensuring its ability to undertake large-scale projects[34]. - The company has obtained nearly 300 patents and established a national assembly-type building industrial base, enhancing its technological leadership[35]. - The company is committed to high-quality development and aims to transform into an innovative and quality-driven enterprise[87]. - The company recognizes the trend of industry consolidation, where leading firms with strong brands and technology will dominate the market[85]. Risks and Challenges - The company faces economic cycle and macro policy risks that could impact its main business performance, necessitating timely adjustments to operational strategies[94]. - Fluctuations in raw material prices, particularly steel, pose a risk to the company's performance, prompting strategies to monitor prices and secure contracts[95]. - Management risks associated with rapid expansion require the company to optimize its management structure and enhance governance to maintain growth and performance[97]. Shareholder and Compliance Matters - The company reported a total of 355,318,732.26 CNY in unutilized raised funds as of December 31, 2020, all held in the fundraising account[84]. - The independent directors have expressed their agreement with the dividend plan, ensuring it aligns with investor interests and sustainable development needs[105]. - The company has committed to balancing shareholder returns with long-term development plans in its profit distribution strategy[111]. - The company is actively managing its shareholder structure and compliance with equity change reporting obligations[123]. - The company is focused on maintaining transparency and regulatory compliance in its capital market activities[123]. Environmental and Social Responsibility - The company emphasizes environmental protection and adheres to low-carbon operations, complying with national and local environmental laws without any major pollution incidents reported[164]. - The company has actively participated in social welfare initiatives, including donations and support for education and poverty alleviation[165]. - The company is actively participating in rural revitalization by promoting the construction of prefabricated steel structure rural houses, enhancing the living standards of rural residents[89].

安徽富煌钢构股份有限公司 2020 年第三季度报告全文 安徽富煌钢构股份有限公司 2020 年第三季度报告 2020 年 10 月 1 安徽富煌钢构股份有限公司 2020 年第三季度报告全文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曹靖、主管会计工作负责人杨风华及会计机构负责人(会计主管 人员)韩爱玲声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽富煌钢构股份有限公司 2020 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 7,996,974,931.72 | 7,678,994,231.05 | | 4.14% | | 归属于上市公司股东的净资产 （元 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,567,044,185.27, a decrease of 15.38% compared to ¥1,851,813,511.74 in the same period last year[18]. - The net profit attributable to shareholders was ¥50,984,424.01, down 7.79% from ¥55,288,821.92 in the previous year[18]. - The net cash flow from operating activities decreased by 19.42%, amounting to ¥110,866,753.76 compared to ¥137,590,810.73 in the previous year[18]. - Basic earnings per share were ¥0.15, a decline of 6.25% from ¥0.16 in the same period last year[18]. - The operating cost decreased by 15.48% to ¥1,348,000,890.37 from ¥1,594,968,323.55 year-on-year[44]. - The company achieved a significant increase in cash and cash equivalents, with a net increase of 305.02% to ¥221,527,874.77 from -¥108,049,604.30 year-on-year[44]. - The company reported a total investment of 67 million yuan in poverty alleviation efforts during the reporting period[90]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,744,191,613.44, reflecting a slight increase of 0.85% from ¥7,678,994,231.05 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 1.54%, reaching ¥2,204,574,624.02 compared to ¥2,171,111,840.64 at the end of the previous year[18]. - The company's total liabilities were CNY 5,500,338,187.54, up from CNY 5,469,204,731.68, indicating a rise of approximately 0.6%[123]. - The company's total assets amounted to CNY 7,175,664,147.83, an increase from CNY 7,074,410,547.53 at the end of 2019[128]. - The total liabilities increased to CNY 5,019,151,357.69 from CNY 4,945,246,512.22, marking a rise of 1.5%[128]. Business Operations - The company primarily engages in the design, manufacturing, and installation of steel structures, focusing on heavy-duty and special steel structures, prefabricated buildings, and high-end wooden door products[26]. - Major products include heavy steel structures for large industrial buildings, high-rise buildings, and bridges, with applications in various sectors such as power plants and municipal projects[27]. - The company adopts an order-driven business model, with procurement and production centered around sales, ensuring a stable supply chain through annual supplier selection[28]. - The company has successfully undertaken numerous high-profile projects, enhancing its brand reputation and competitive edge in the industry[31]. - The sales network covers the entire country, with a strategic focus on major clients and regional growth, particularly in East China[31]. Market and Strategic Initiatives - The company is actively exploring international markets and participating in regional integration initiatives, leveraging its certifications to enhance competitiveness[31]. - The company has established strategic cooperation with China Railway Major Bridge Engineering Group to enhance resource integration for domestic and international infrastructure projects[38]. - The company plans to enhance its market competitiveness and management capabilities to mitigate risks associated with economic cycles and raw material price fluctuations[62]. - The company is focusing on innovation-driven, intelligent transformation, and green development strategies to enhance its competitive edge in the industry[35]. Research and Development - Research and development investment was ¥68,099,375.27, down 6.78% from ¥73,053,017.66 in the previous year[44]. - The company has obtained nearly 300 patents and numerous proprietary innovations, maintaining a high level of technological advancement[34]. - Research and development expenses for new products and technologies were reported at 4.57 million yuan, reflecting an increase of 39.2% year-over-year[152]. Shareholder and Equity Information - The company completed the unlocking of 1.74 million restricted stock units for 10 incentive recipients as per the 2016 stock incentive plan, effective January 16, 2020[73]. - The largest shareholder, Anhui Fuhuang Construction Co., Ltd., holds 38.06% of the shares, totaling 128,000,000 shares[102]. - The company has a total of 2,666,250 restricted shares, with 2,278,750 shares unlocked during the reporting period[100]. - The company’s stock incentive plan includes a third unlocking period that was achieved on January 16, 2020[99]. Environmental and Social Responsibility - The company has implemented high automation levels in its new production lines, contributing to environmental protection and energy efficiency[88]. - The company has not faced any significant environmental pollution incidents or violations of environmental regulations during the reporting period[88]. - The company has established a clear management policy for energy conservation and environmental protection, with responsibilities assigned to various departments[89]. - The company has actively engaged in training and investment to enhance its environmental protection capabilities across all workshops and construction sites[89]. Financial Reporting and Compliance - The financial report for the first half of 2020 was not audited[119]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations for the next 12 months[165]. - The accounting policies comply with the requirements of enterprise accounting standards, reflecting the company's financial position and operating results accurately[167].

Financial Performance - The company's operating revenue for Q1 2020 was ¥544,079,629.74, a decrease of 35.47% compared to ¥843,113,686.94 in the same period last year[7]. - The net profit attributable to shareholders was ¥1,234,195.60, down 90.02% from ¥12,362,180.28 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥937,388.85, a decline of 107.52% compared to ¥12,463,039.72 in the previous year[7]. - Basic and diluted earnings per share were both ¥0.0037, down 90.75% from ¥0.04 in the previous year[7]. - Total operating revenue decreased by 35.47% to CNY 544,079,629.74, primarily due to reduced sales volume impacted by the pandemic[15]. - Net profit fell by 85.69% to CNY 1,551,012.08, reflecting the significant decline in sales volume[15]. - The company's operating profit decreased to CNY 4,807,278.54 from CNY 14,854,774.56, marking a decline of approximately 67.7%[39]. - The company reported a total profit of CNY 5,839,893.33, down from CNY 14,572,834.75, a decrease of approximately 60%[39]. Cash Flow - The net cash flow from operating activities was -¥65,572,183.02, a significant decrease of 308.39% from ¥31,465,893.16 in the same period last year[7]. - Cash flow from operating activities showed a net outflow of CNY -65,572,183.02, a decrease of 308.39% compared to the previous period[15]. - Total cash inflow from operating activities was 1,085,583,961.43 CNY, while cash outflow was 1,151,156,144.45 CNY, resulting in a net cash flow of -65,572,183.02 CNY[47]. - Cash inflow from financing activities was 260,417,544.17 CNY, significantly higher than 132,000,000.00 CNY in the previous period[48]. - The net cash flow from financing activities was 113,504,538.80 CNY, compared to -141,777,433.78 CNY in the previous period, indicating a positive shift[48]. - The net cash flow from investing activities was -26,747,328.32 CNY, an improvement from -44,324,883.64 CNY in the previous period[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,590,745,770.19, a decrease of 1.15% from ¥7,678,994,231.05 at the end of the previous year[7]. - Total liabilities decreased to CNY 5,378,948,476.17 from CNY 5,469,204,731.68[31]. - Current liabilities totaled CNY 4,786,047,030.02, slightly down from CNY 4,793,739,094.34[31]. - Non-current liabilities decreased to CNY 592,901,446.15 from CNY 675,465,637.34[31]. - Owner's equity increased to CNY 2,211,797,294.02 from CNY 2,209,789,499.37[32]. - The total liabilities to total assets ratio is approximately 71.2%, indicating a high level of leverage[54]. Inventory and Costs - Total operating costs decreased by 31.98% to CNY 566,176,239.88, also attributed to the pandemic's effect on sales[15]. - Inventory decreased by 79.04% to CNY 495,434,208.40, mainly due to the implementation of new revenue recognition standards[15]. - The company reported a significant decrease in inventory, down by CNY 1,913,620,624.55 compared to the previous period[54]. - Cash paid for purchasing goods and services was 833,666,737.01 CNY, compared to 711,400,657.23 CNY in the previous period, indicating increased operational costs[50]. Shareholder Information - The net assets attributable to shareholders at the end of the reporting period were ¥2,172,802,818.84, an increase of 0.08% from ¥2,171,111,840.64 at the end of the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 25,528[11]. Research and Development - Research and development expenses decreased by 40.65% to CNY 17,971,739.27, reflecting reduced investment during the pandemic[15]. - Research and development expenses were CNY 17,971,739.27, down from CNY 30,279,279.45, indicating a reduction of about 40.5%[39]. Other Income and Gains - The company reported non-recurring gains of ¥2,171,584.45, primarily from government subsidies and other income[8]. - Other income for the first quarter was CNY 1,714,914.76, compared to CNY 235,130.74 in the previous year, indicating an increase of about 628%[39]. - The company experienced a significant increase in interest income, which rose to CNY 5,074,942.76 from CNY 936,853.11, representing a growth of approximately 442%[39]. Future Outlook - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[58].

Financial Performance - The company's operating revenue for 2019 was CNY 3,739,840,077.26, representing a 5.89% increase compared to CNY 3,531,671,824.16 in 2018[18]. - The net profit attributable to shareholders of the listed company was CNY 90,279,867.97, up 9.50% from CNY 82,448,666.72 in the previous year[18]. - The net cash flow from operating activities increased by 21.71% to CNY 399,900,143.22, compared to CNY 328,572,919.45 in 2018[18]. - The total assets at the end of 2019 were CNY 7,678,994,231.05, an increase of 8.44% from CNY 7,081,029,267.26 at the end of 2018[18]. - The net assets attributable to shareholders of the listed company rose to CNY 2,171,111,840.64, reflecting a 5.48% increase from CNY 2,058,351,401.23 in 2018[18]. - Basic earnings per share for 2019 were CNY 0.27, an increase of 8.00% from CNY 0.25 in the previous year[18]. - The weighted average return on equity was 4.31%, up from 4.08% in 2018[18]. - The company reported a slight decrease of 0.04% in net profit after deducting non-recurring gains and losses, totaling CNY 78,178,181.06[18]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.54 per 10 shares, based on a total of 336,325,880 shares[5]. - The cash dividend for the 2019 fiscal year is proposed to be RMB 0.54 per 10 shares, amounting to an estimated RMB 18,161,597.52[104]. - The company's cash dividends as a percentage of net profit for 2019 is 20.12%, compared to 20.40% for 2018 and 20.17% for 2017[106]. Project and Contract Performance - Total revenue for the first quarter was ¥843,113,686.94, while the second quarter saw an increase to ¥1,008,699,824.80, followed by ¥954,294,604.20 in the third quarter and ¥933,731,961.32 in the fourth quarter[22]. - Net profit attributable to shareholders for the second quarter was ¥42,926,641.64, which represented a significant increase compared to the first quarter's ¥12,362,180.28, but decreased to ¥16,019,966.12 in the third quarter and ¥18,971,079.93 in the fourth quarter[22]. - The company secured contracts for prefabricated building projects totaling approximately CNY 1.604 billion, with a year-on-year growth of about 103%[40]. - The total amount of contracts for projects over CNY 100 million reached approximately CNY 2.424 billion, reflecting a growth of 25.70% year-on-year[40]. Operational Efficiency and Strategy - The company operates in the steel structure design, manufacturing, and installation sector, focusing on heavy and special steel structures, prefabricated buildings, and high-end wooden doors and windows[27]. - The company has implemented a "design, manufacturing, and installation" integrated business model, which has provided a competitive advantage in the steel structure sector[29]. - The company has established a complete supply chain system for prefabricated buildings, ensuring collaborative design and standardized decoration[36]. - The company aims to enhance its EPC contracting business and improve order structure, focusing on market-driven development and technological innovation[94]. - The company plans to increase R&D investment and adopt new technologies to enhance product quality and operational efficiency[94]. Research and Development - Research and development expenses increased by 24.60% to ¥145,984,945.73, indicating a focus on technological innovation and talent acquisition[59]. - The company has established a "Prefabricated Building Technology Research Center" and a "BIM Technology Research Institute" to support the development of prefabricated steel structure technologies[85]. - The company is investing in research and development, allocating 5% of its annual revenue towards new technology advancements[200]. Risk Management - The company has outlined potential risks and corresponding countermeasures in its future development outlook[5]. - The company acknowledges potential risks from economic cycles and macro policies, committing to adjust operational strategies accordingly[96]. - The company faces risks related to raw material price fluctuations, particularly in steel, which significantly impacts product costs[97]. - The company emphasizes the need for improved project management and accounts receivable collection to mitigate financial risks[97]. Governance and Compliance - The company has established a strong governance structure with independent directors and a diverse board composition to ensure effective oversight[198]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[117]. - The company has ensured compliance with legal regulations and company bylaws in exercising shareholder voting rights to protect the interests of all shareholders[114]. Social Responsibility and Environmental Compliance - The company actively participates in social welfare activities, including donations and support for local community projects, reflecting its commitment to social responsibility[154]. - The company does not fall under the category of key pollutant discharge units as per environmental protection regulations, indicating its compliance with environmental standards[157]. - The company has not reported any significant environmental pollution incidents during the reporting period, adhering to national and local environmental laws[153]. Leadership and Management Changes - The company reported a significant leadership turnover with multiple executives, including the former Chairman and CFO, resigning due to work adjustments on March 22, 2019[192]. - Cao Jing, who has a PhD in Structural Engineering, has been with the company since 2017 and has held various leadership roles, including Vice President and General Manager[194]. - The current board includes professionals with extensive backgrounds in engineering, finance, and management, enhancing the company's strategic capabilities[196][197].

Financial Performance - Net profit attributable to shareholders decreased by 19.51% to CNY 16,019,966.12 for the current period[8] - Operating revenue for the current period was CNY 954,294,604.20, representing an increase of 8.65% year-on-year[8] - Basic earnings per share decreased by 16.67% to CNY 0.05 for the current period[8] - The weighted average return on equity was 0.76%, a decrease of 0.21% compared to the previous year[8] - The company's total comprehensive income for the third quarter was ¥16,084,324.47, compared to ¥20,127,855.43 in the same period last year, indicating a decline of 20.1%[41] - The net profit for the third quarter was ¥9,568,339.10, down 51.9% from ¥19,880,016.57 in the previous year[41] - The net profit attributable to the parent company was CNY 71,308,788.04, up 13.5% from CNY 62,954,514.31 in the same period last year[46] - The total profit for the current period was CNY 84,311,303.94, an increase of 11.7% compared to CNY 75,971,275.23 in the previous period[46] Assets and Liabilities - Total assets increased by 2.28% to CNY 7,242,404,615.75 compared to the end of the previous year[8] - Total liabilities rose to ¥5,068,010,863.54 from ¥4,945,460,204.38, reflecting an increase in financial obligations[28] - Long-term receivables decreased by 50.01% to ¥115,590,858.31 due to enhanced collection efforts[15] - Long-term equity investments increased by 261.53% to ¥10,000,000.00 as a result of capital contributions to associated companies[15] - Construction in progress surged by 338.43% to ¥40,402,586.91 due to the addition of self-built projects[15] - Accounts payable rose by 90.37% to ¥1,609,853,642.08 primarily due to procurement payments settled via acceptance[15] Cash Flow - The net cash flow from operating activities increased significantly by 346.46% to CNY 174,922,483.84 year-to-date[8] - Cash generated from operating activities increased by 346.46% to ¥174,922,483.84 driven by higher revenue and improved collection[15] - Operating cash inflow totaled CNY 3,026,109,310.97, an increase of 19.2% compared to CNY 2,539,708,544.68 in the previous period[53] - Net cash flow from operating activities was CNY 174,922,483.84, significantly up from CNY 39,179,915.10 in the same period last year[53] - Cash inflow from financing activities was CNY 1,176,473,780.55, compared to CNY 909,032,344.03 in the previous period, while cash outflow was CNY 1,439,535,737.26, leading to a net cash flow from financing activities of -CNY 263,061,956.71[54] Research and Development - Research and development expenses increased by 80.23% to ¥107,823,778.11 reflecting a commitment to enhance R&D efforts[15] - The company reported R&D expenses of CNY 34.77 million, down from CNY 45.85 million, indicating a decrease of 24.16% year-on-year[36] - Research and development expenses for the quarter were ¥28,177,308.19, a decrease of 20.5% from ¥35,367,861.13 in the previous year[41] - Research and development expenses increased significantly to CNY 83,740,978.19, up 76.5% from CNY 47,432,660.73 in the previous period[49] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,965[11] - The largest shareholder, Anhui Fuhuang Construction Co., Ltd., holds 38.06% of the shares, with 69 million shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Operational Costs - Total operating costs for Q3 2019 were CNY 932.72 million, up from CNY 852.78 million in the same period last year, reflecting a year-on-year increase of 9.38%[36] - Total operating costs for the year-to-date period were ¥2,724,493,772.87, up 21.5% from ¥2,242,045,545.83 last year[44] - Total cash outflow for operating activities was CNY 2,408,369,303.86, compared to CNY 1,983,165,010.57 in the previous period, indicating increased operational costs[56] Future Outlook - The company plans to continue focusing on market expansion and new product development to sustain growth momentum in the upcoming quarters[46]