Financial Performance - The company's operating revenue for the first half of 2018 was ¥225,753,003.48, representing a 46.35% increase compared to ¥154,254,657.46 in the same period last year[18]. - The net profit attributable to shareholders was ¥7,627,734.24, a significant increase of 224.06% from ¥2,353,818.81 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,588,926.57, up 231.83% from ¥2,286,985.32 year-on-year[18]. - The basic earnings per share increased to ¥0.044, a rise of 214.29% compared to ¥0.023 in the same period last year[18]. - The company's operating costs rose to CNY 169.46 million, a year-on-year increase of 38.79%, driven by the growth in the number and scale of main business projects[43]. - The company reported a significant increase in cash flow from financing activities, with a net outflow of CNY -12.44 million, a 920.01% increase due to higher dividend distributions[44]. - The company reported a total revenue of 16,346.98 million, with a decrease of 1,249.32 million compared to the previous period[57]. - The company reported a net cash outflow from operating activities of ¥38,520,958.32, an improvement from a net outflow of ¥81,117,514.03 in the previous period[157]. Assets and Liabilities - The total assets at the end of the reporting period were ¥840,341,747.09, a decrease of 3.03% from ¥866,574,220.72 at the end of the previous year[18]. - The net assets attributable to shareholders were ¥523,255,679.87, reflecting a slight increase of 0.78% from ¥519,182,706.73 at the end of the previous year[18]. - Cash and cash equivalents at the end of the reporting period amounted to ¥146,778,652.1, representing 17.47% of total assets, a decrease of 3.36% compared to the previous year[48]. - Accounts receivable increased to ¥476,463,212.9, accounting for 56.70% of total assets, up by 3.69% due to projects transitioning from investment to settlement phase[49]. - Inventory decreased to ¥33,755,913.07, representing 4.02% of total assets, down by 3.51% as costs were recognized after project completion[49]. - Total liabilities decreased to CNY 216,363,272.71 from CNY 229,737,589.01, a reduction of 5.8%[146]. Research and Development - The company has initiated six new R&D projects in areas such as microseismic monitoring and geographic information technology, reflecting its commitment to innovation[33]. - The company has obtained one utility model patent and three software copyrights, with two invention patents currently under application, showcasing its focus on technological advancement[33]. - Research and development expenses decreased by 33.68% to CNY 8.41 million, attributed to fewer new projects initiated this year compared to the previous year[43]. Market Position and Strategy - The company is engaged in integrated engineering surveying and geotechnical engineering construction services, focusing on various sectors including petrochemical and civil engineering[26]. - The company has maintained a stable market position in the domestic oil and chemical, coal chemical, and oil and gas storage and transportation industries, completing significant projects for major state-owned enterprises[28]. - The company is focusing on expanding into new markets, including rail transit, highways, and municipal engineering, to mitigate risks associated with declining fixed asset investments in its primary industry[69]. - The company plans to adjust its development strategy in response to external environmental changes, focusing on controlling traditional business capacity and expanding the industrial chain[57]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has committed to a share repurchase plan if the stock price falls below the net asset value per share for 20 consecutive trading days[80]. - Major shareholders, including Chen Huili, committed to not transferring or entrusting their shares for 36 months post-listing, ensuring stability in shareholding[86]. - The company has a relatively low shareholding ratio for its largest shareholder, which may lead to governance risks following the expiration of the action agreement among shareholders[72]. Compliance and Legal Matters - The company has not faced any penalties or corrective actions during the reporting period, indicating a clean operational record[94]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[93]. - The half-year financial report has not been audited, which may affect the reliability of the financial data presented[91]. Future Outlook - The overall market outlook remains positive, with the petrochemical industry showing signs of recovery and increased investment activity[41]. - The company expects a net profit attributable to shareholders for the first three quarters of 2018 to range from 6 million to 9 million yuan, representing a year-on-year change of -14.34% to 28.49%[68]. - The company aims to enhance operational efficiency and adapt to the new economic normal by optimizing its economic structure and fostering new growth drivers[57].

Financial Performance - The company's operating revenue for Q1 2018 was ¥62,080,526.84, representing a 93.04% increase compared to ¥32,158,666.04 in the same period last year[7]. - The net profit attributable to shareholders was ¥4,587,679.52, a significant turnaround from a loss of ¥3,967,171.22 in the previous year, marking a 215.64% increase[7]. - The basic earnings per share increased to ¥0.05 from a loss of ¥0.04, reflecting a 225.00% improvement[7]. - The company reported a 70.20% increase in cash received from sales of goods and services, totaling ¥86,311,397.22 compared to ¥50,712,658.28 in the same period last year[14]. - The company reported an operating profit of CNY 7,172,789.70, a significant improvement from a loss of CNY 3,978,148.80[34]. - The total comprehensive income for the period was CNY 6,100,436.36, compared to a loss of CNY 3,967,171.22 in the previous year[35]. - The total comprehensive income for the first quarter was CNY 10,982,631.79, compared to a loss of CNY 3,048,483.05 in the previous period[38]. - Basic and diluted earnings per share were both CNY 0.11, an improvement from a loss of CNY 0.03 per share in the same period last year[38]. Cash Flow - The net cash flow from operating activities was -¥5,648,603.00, an 86.71% improvement from -¥42,491,372.36 in the previous year[7]. - Cash inflow from operating activities totaled CNY 91,331,485.55, up from CNY 52,845,997.28 in the previous year, representing a 73% increase[41]. - The net cash flow from investing activities was negative CNY 4,020,814.00, worsening from negative CNY 2,338,437.00 in the previous year[42]. - The company reported a net cash outflow from financing activities of CNY 8,820,000.00, with no cash inflow recorded during the period[42]. - The total cash and cash equivalents decreased by CNY 18,573,519.75 compared to a decrease of CNY 44,829,809.36 in the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥833,326,589.01, a decrease of 3.84% from ¥866,574,220.72 at the end of the previous year[7]. - Current assets totaled 696.66 million yuan, down from 731.31 million yuan at the beginning of the period[25]. - The company's cash and cash equivalents were 178.20 million yuan, a decrease from 189.57 million yuan at the beginning of the period[25]. - Total liabilities as of March 31, 2018, were 251.02 million yuan, down from 281.55 million yuan at the beginning of the period[27]. - The equity attributable to shareholders of the parent company was 523.69 million yuan, slightly up from 519.18 million yuan[28]. - The company's total assets amounted to CNY 703,334,567.54, slightly down from CNY 711,603,396.85[31]. - Total liabilities were CNY 210,486,127.91, a decrease from CNY 229,737,589.01 in the previous period[31]. - The equity attributable to shareholders increased to CNY 492,848,439.63 from CNY 481,865,807.84[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,333[10]. - The net profit attributable to shareholders for the first half of 2018 is expected to increase by 327.94% to 371.67%, with a range of 7.5 million to 8.5 million yuan compared to 2.287 million yuan in the same period of 2017[17]. Market Activity - The company has actively expanded its market, leading to business growth and performance improvement due to the addition of new subsidiaries[17]. Other Information - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[16]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[19]. - The first quarter report was not audited[47].

Financial Performance - The company's operating revenue for Q1 2018 was ¥62,080,526.84, representing a 93.04% increase compared to ¥32,158,666.04 in the same period last year[8] - The net profit attributable to shareholders was ¥4,587,679.52, a significant turnaround from a loss of ¥3,967,171.22 in the previous year, marking a 215.64% increase[8] - The company reported a net profit for the first half of 2018 projected to be between ¥7,500,000 and ¥8,500,000, representing a growth of 327.94% to 371.67% compared to ¥2,287,000 in the same period of 2017[20] - The net profit for the current period was ¥10,982,631.79, recovering from a net loss of ¥3,048,483.05 in the previous period[40] - The total comprehensive income for the current period was ¥10,982,631.79, compared to a loss of -¥3,048,483.05 in the previous period[40] Cash Flow - The net cash flow from operating activities improved to ¥1,558,334.69, compared to a negative cash flow of ¥42,491,372.36 in the same period last year, reflecting a 103.67% change[8] - The company's cash flow from operating activities for Q1 2018 was ¥86,311,397.22, a 70.20% increase from ¥50,712,658.28 in Q1 2017, reflecting improved cash collection from sales[17] - The company reported a net cash flow from operating activities of ¥17,250,044.12, a significant improvement compared to a net outflow of ¥41,241,954.41 in the previous period[45] - The cash flow from sales of goods and services was ¥77,633,134.33, up from ¥45,975,294.57 in the previous period, indicating strong revenue growth[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥833,326,589.01, a decrease of 3.84% from ¥866,574,220.72 at the end of the previous year[8] - Total liabilities decreased to ¥251,020,116.91 from ¥281,548,184.98, representing a reduction of approximately 11%[29] - The equity attributable to shareholders of the parent company increased to ¥523,690,559.30 from ¥519,182,706.73, a slight increase of about 1%[30] - Accounts receivable decreased to ¥293,245,954.65 from ¥324,723,430.60, showing a reduction of about 10%[31] - Total cash inflow from investment activities was ¥9,184,185.00, while cash outflow was ¥33,999.00, resulting in a net cash flow of ¥9,150,186.00, contrasting with a net outflow of ¥2,358,437.00 previously[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,333[12] - The top shareholder, Chen Huili, held 8.04% of the shares, amounting to 8,148,684 shares[12] Operational Efficiency - Basic and diluted earnings per share were both ¥0.05, compared to a loss of ¥0.04 per share in the previous year, indicating a 225.00% increase[8] - The weighted average return on equity was 0.88%, an increase of 1.66% from -0.78% in the previous year[8] - The company's management expenses decreased by 35.71% to ¥6,708,712.46, attributed to reduced R&D expenses[16] - Sales expenses increased to ¥947,478.93 from ¥1,338,170.25, indicating a reduction in sales costs[39] Investment Activities - The company's investment payments increased by 700% to ¥4,000,000.00 from ¥500,000.00, indicating increased investment in the subsidiary Zhongde[17] - The company invested ¥4,000,000.00 in new investments, a significant increase from ¥500,000.00 in the previous period[43] - The company reported an investment income of ¥9,180,000.00, contributing positively to the overall profit[40] Other Financial Metrics - The company reported no significant non-recurring gains or losses during the reporting period[9] - The company's total profit amounted to ¥11,388,412.97, compared to a loss of -¥3,048,483.05 in the previous period[40] - The tax expenses for the current period were ¥405,781.18, with no tax expenses reported in the previous period[40] - The company paid out ¥8,820,000.00 in dividends and interest, marking a new financial strategy in capital distribution[43]

Financial Performance - The company's operating revenue for 2017 was CNY 365,933,930.79, representing a 105.17% increase compared to CNY 178,357,925.41 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 10,966,920.05, a 138.17% increase from CNY 4,604,646.79 in 2016[16] - The net profit after deducting non-recurring gains and losses was CNY 10,503,940.92, showing a significant increase of 486.72% compared to CNY 1,790,274.26 in 2016[16] - The basic earnings per share for 2017 were CNY 0.11, a 120.00% increase from CNY 0.05 in 2016[16] - The company reported a negative cash flow from operating activities of CNY -50,301,671.65 in 2017, a decrease of 400.68% compared to CNY 16,729,532.15 in 2016[16] - The company reported a significant increase in other operating income, totaling 199,533.40 million RMB in 2017, compared to 337,237.49 million RMB in 2016[24] - The company’s net profit from overseas assets was 191.07 million RMB, representing 0.73% of the company's total net assets[33] Assets and Liabilities - The company's total assets at the end of 2017 were CNY 866,574,220.72, which is a 25.49% increase from CNY 690,574,541.26 at the end of 2016[17] - The net assets attributable to shareholders increased by 1.92% to CNY 519,182,706.73 at the end of 2017, compared to CNY 509,403,722.12 at the end of 2016[17] - The company's accounts receivable increased to ¥444,902,783.20, representing 51.34% of total assets, up from 45.86% in 2016[77] Investments and Acquisitions - The company acquired 51% of Tianjin Zhongde Engineering Design Co., Ltd. for 93.33 million RMB, enhancing its asset portfolio[32] - The company has made significant investments totaling ¥99,880,000.00 during the reporting period, marking a 207,650,728.00% increase compared to the previous year[78] - The acquisition of 51% equity in Tianjin Zhongde Engineering Design Co., Ltd. involved a total investment of CNY 6,723.5 million, with CNY 6,723.5 million (100%) utilized[88] Research and Development - The company established a research and development center and initiated six new R&D projects in 2017, focusing on microseismic monitoring and geographic information technology[34] - The company holds a total of 8 invention patents and 22 utility model patents, with 2 invention patents currently under application[35] - The number of R&D personnel increased to 148 in 2017, representing an 18.40% growth compared to 125 in 2016[72] - R&D investment amounted to ¥21,276,496.04 in 2017, a significant increase of 138.29% from ¥8,928,957.89 in 2016[72] Market Expansion - The company has expanded its business scope to include surveying services and sales of construction materials as of 2017[15] - The company has expanded its market presence beyond the petrochemical sector, actively pursuing opportunities in civil engineering and infrastructure projects[27] - The company is focusing on expanding its business beyond the petrochemical sector into municipal and railway industries, indicating a strategic diversification of its operations[43] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.35 per 10 shares, with a capital reserve increase of 7 shares for every 10 shares held[6] - The total cash dividend amount for 2017 is RMB 3,546,900, which represents 32.34% of the net profit attributable to ordinary shareholders[110] - The company has maintained a consistent cash dividend distribution over the past three years, with the 2016 dividend being RMB 0.12 per 10 shares[106] Corporate Governance - The company has a long-term commitment to maintain compliance with all regulatory requirements and to communicate transparently with investors[115] - The company has committed to a share transfer limit of 25% of total shares held by directors and senior management during their tenure[117] - The company has established a long-term commitment to avoid any business competition as it expands its operational scope[116] Employee and Management Structure - The total number of employees in the company is 533, with 359 in the parent company and 174 in major subsidiaries[186] - The management team consists of experienced professionals with backgrounds in engineering and finance, enhancing the company's operational capabilities[176] - The average age of the current board members and senior management is approximately 53 years, indicating a blend of experience and youth[170] Risk Factors - The company has experienced management risks due to business expansion through acquisitions, which may complicate decision-making and risk control[100] - The company's major business in geotechnical engineering is subject to local policy risks, which may limit its development if adjustments are not made[99] - The company has faced a decline in fixed asset investment from major clients, which could negatively impact its performance if new markets are not developed[98]

Financial Performance - Operating revenue for the period reached CNY 89,276,203.77, a 110.38% increase year-on-year[8] - Net profit attributable to shareholders decreased by 5.60% to CNY 4,650,531.42 compared to the same period last year[8] - The company reported a significant increase in net profit for the year-to-date, reaching CNY 7,004,350.22, a 789.22% increase compared to the previous year[8] - Revenue for the period reached 243.53 million, a 127.96% increase compared to the previous year, driven by business growth.[19] - The estimated net profit attributable to shareholders for 2017 is projected to be between 14.85 million and 17.15 million RMB, representing an increase of 222.50% to 272.45% compared to 4.6046 million RMB in 2016[29] Assets and Liabilities - Total assets increased by 26.07% to CNY 870,600,123.92 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 41.57% to 158.21 million due to the acquisition of Tianjin Zhongde Engineering Design Co., Ltd.[17] - Accounts receivable increased by 40.76% to 445.77 million, reflecting business growth during the period.[17] - Prepayments surged by 382.86% to 23.52 million, attributed to increased business activities and subsidiary growth.[17] - Inventory rose by 104.62% to 72.05 million, driven by business expansion and subsidiary contributions.[17] - Intangible assets increased by 225.21% to 9.30 million, due to fair value adjustments and new intangible assets added by the parent company.[17] - The company reported a significant increase in accounts payable by 30.13% to 129.21 million, indicating higher business activity.[17] Cash Flow - Cash flow from operating activities showed a significant decline of 93.73%, totaling CNY -820,998.80[8] - Cash received from operating activities increased to ¥51,629,302.44, a 342.95% increase compared to ¥11,655,823.76 in the same period last year[20] - Cash paid for purchasing goods and services rose to ¥144,704,922.20, reflecting a 46.77% increase from ¥98,590,638.79 due to increased business activities and the acquisition of Tianjin Zhongde Engineering Design Co., Ltd.[20] - Cash paid for other operating activities increased to ¥71,148,701.32, a 258.99% rise from ¥19,818,865.16, attributed to higher construction guarantee payments[20] - Net cash from disposal of fixed assets surged to ¥306,687.00, marking a 4783.55% increase from ¥6,280.00 due to increased asset disposals[20] - Cash received from the acquisition of subsidiaries amounted to ¥29,132,048.85, related to the acquisition of Tianjin Zhongde Engineering Design Co., Ltd.[20] - Cash received from investments was ¥2,450,000.00, related to the establishment of Xinjiang Dongfang Xinxing Construction Engineering Co., Ltd.[20] - Cash paid for dividends decreased by 65.71% to ¥1,219,728.24 from ¥3,557,540.70, indicating a reduction in dividend distribution[20] - Cash received from other operating activities for the parent company increased to ¥25,780,637.95, a 119.52% increase from ¥11,743,934.24 due to significant construction guarantee recoveries[20] - Cash paid for taxes increased to ¥9,772,804.51, a 73.54% rise from ¥5,631,440.34, due to increased prepayment of VAT[20] - Cash from disposal of fixed assets for the parent company reached ¥280,292.00, a 4363.25% increase from ¥6,280.00, reflecting higher asset disposals[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,626[12] - The largest shareholder, Chen Huili, holds 8.04% of the shares, totaling 8,148,684 shares[12] - The company reported a commitment from 24 individual shareholders to not transfer or delegate management of their shares for 36 months post-listing[24] - The company’s shareholders have agreed to a two-year lock-up period for share reductions post-locking period, ensuring the reduction price does not fall below the issuance price[25] Corporate Governance and Commitments - The controlling shareholder has committed to avoid any business activities that may compete with the company’s operations[25] - The company has established a framework for addressing potential conflicts of interest among shareholders and management[25] - The company has a long-term commitment to compensate investors for direct losses caused by false statements or omissions in the prospectus[25] - The company will implement a price stabilization plan if the stock price is below net asset value for 20 consecutive trading days, with a plan announced within 30 days[24] - The company will hold an investor meeting to discuss financial indicators and operational strategies if certain stock price conditions are met[24] - The company has committed to repurchase shares if significant issues arise with the prospectus, ensuring investor protection[24] Operational Insights - Management expenses increased by 65.95% to 41.36 million, reflecting higher R&D expenditures and the acquisition impact.[19] - The company expects continued growth in revenue and profitability, supported by ongoing business expansion and strategic acquisitions.[19] - The increase in net profit is attributed to a higher number of orders compared to the previous year and the profit consolidation from the newly acquired subsidiary, Tianjin Zhongde Engineering Design Co., Ltd.[29] Compliance and Conduct - The company has no violations regarding external guarantees during the reporting period[30] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[31] - The company did not engage in any research, communication, or interview activities during the reporting period[33]

Financial Performance - Operating revenue for the period reached CNY 89,276,203.77, representing a 110.38% increase year-on-year[8] - Net profit attributable to shareholders increased by 3.09% to CNY 5,078,406.50 for the period[8] - Basic earnings per share remained at CNY 0.050, with a 600.00% increase year-to-date[8] - The company reported a significant increase in revenue for Q3 2017, with a year-over-year growth of 15%[25] - The net profit attributable to shareholders for 2017 is expected to increase by 222.50% to 272.45%, ranging from 14.85 million to 17.15 million yuan[31] - The net profit for 2016 was 4.6046 million yuan, indicating significant growth in 2017 due to increased orders and the profit contribution from the newly acquired subsidiary Tianjin Zhongde Engineering Design Co., Ltd[31] Assets and Liabilities - Total assets increased by 25.12% to CNY 864,070,135.70 compared to the end of the previous year[8] - Total current assets as of September 30, 2017, amounted to 730.82 million yuan, up from 638.56 million yuan at the beginning of the period[40] - Total assets reached 864.07 million yuan, up from 690.57 million yuan, showing a growth of approximately 25%[41] - Total liabilities increased to 292.61 million yuan from 181.17 million yuan, reflecting a rise of about 61.6%[42] - The total liabilities rose to CNY 266,089,427.13 from CNY 163,033,557.70, marking an increase of approximately 63.3%[46] Cash Flow - Net cash flow from operating activities showed a significant improvement, with a net outflow of CNY -820,998.80, a decrease of 93.73% compared to the previous year[8] - The cash inflow from operating activities totaled CNY 185,562,320.42, an increase from CNY 155,418,510.66 in the previous period, representing a growth of approximately 19.4%[64] - The net cash outflow from operating activities was CNY -81,938,512.83, compared to CNY -4,338,250.65 in the previous period, indicating a significant decline in cash flow performance[64] - The ending cash and cash equivalents balance was CNY 157,935,457.32, down from CNY 243,882,206.96 in the previous period, reflecting a decrease of approximately 35.2%[65] Shareholder Information - The company reported a total of 19,626 common shareholders at the end of the reporting period[10] - The largest shareholder, Chen Huili, holds 8.04% of the shares, totaling 8,148,684 shares[10] - The actual controller's family has not completed the inheritance of 1,049,800 shares held by the deceased, which the company will assist in processing[19] - The company has committed to timely fulfillment of promises made to minority shareholders[30] Market and Growth Strategy - The company plans to expand its market presence through acquisitions and the establishment of new subsidiaries, including Xinjiang Dongfang Xinxing Construction Engineering Co., Ltd.[16] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[26] - A strategic acquisition of a smaller competitor is anticipated to close by the end of Q4 2017, which is expected to enhance operational efficiency[27] - The company has allocated $30 million for research and development in new technologies for the upcoming fiscal year[28] Operational Efficiency - The gross margin for Q3 2017 improved to 35%, up from 32% in the previous quarter[25] - The company plans to increase its workforce by 15% to support growth initiatives and new projects[26] - A new marketing strategy is being implemented, aiming to increase brand awareness by 40% over the next year[27] Compliance and Regulatory - The company is committed to ensuring compliance with all regulatory requirements and will disclose any significant issues that may affect its operations[24] - There were no significant changes in accounting data that required restatement from previous years[8] - The company has no reported violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] Investment Activities - The company reported a cash inflow from investment recovery of ¥8,639,590.23, a decrease of 100% due to the cancellation of the subsidiary Beijing Shihua Engineering Testing Co., Ltd.[18] - The cash paid for investments amounted to ¥6,550,000.00, which is not applicable as it relates to the establishment of a new subsidiary, Xinjiang Dongfang Xinxing Construction Engineering Co., Ltd.[18] - The cash net amount paid for acquiring subsidiaries and other business units was ¥60,664,500.00, which is not applicable as it pertains to the acquisition of Tianjin Zhongde Engineering Design Co., Ltd.[18]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥154,254,657.46, representing a 139.54% increase compared to ¥64,397,114.29 in the same period last year[17]. - The net profit attributable to shareholders was ¥2,353,818.81, a significant recovery from a loss of ¥4,138,727.34 in the previous year[17]. - The total profit for the same period was CNY 2,980,639.45, with a net profit after tax of CNY 2,353,818.81[44]. - The basic earnings per share for the reporting period was ¥0.023, recovering from a loss of ¥0.041 in the same period last year[17]. - The total comprehensive income for the period was CNY 3,551,983.63, compared to a loss of CNY 230,732.25 in the previous period[143]. - The company expects a net profit attributable to shareholders for the first nine months of 2017 to increase by 20.00% to 70.00%, with an estimated range of 591.17 to 837.49 million CNY[77]. Cash Flow and Investments - The net cash flow from operating activities was -¥81,117,514.03, a decrease of 1,027.26% compared to ¥8,748,062.24 in the same period last year[17]. - The cash flow from operating activities showed a net outflow of ¥81,117,514.03, a decrease of 1,027.26% compared to a net inflow of ¥8,748,062.24 in the previous year[50]. - The investment activities resulted in a net cash outflow of ¥35,090,979.40, which is an increase of 1,515.17% from a net outflow of ¥2,172,590.00 last year[50]. - The company reported a significant increase in cash paid for goods and services, totaling CNY 99,755,870.89, up from CNY 68,002,561.64 in the prior period[143]. - The net cash flow from investing activities was -CNY 35,090,979.40, worsening from -CNY 2,172,590.00 in the prior period[144]. Assets and Liabilities - The total assets at the end of the reporting period were ¥736,365,141.98, an increase of 6.63% from ¥690,574,541.26 at the end of the previous year[17]. - The company's total assets reached CNY 736,365,141.98, while total liabilities amounted to CNY 225,823,581.63, resulting in total equity of CNY 510,541,560.35[44]. - The total liabilities amounted to CNY 225,823,581.63, up from CNY 181,170,819.14, which is an increase of about 24.6%[129]. - The company's equity attributable to shareholders reached CNY 510,541,560.35, slightly up from CNY 509,403,722.12, indicating a marginal increase of about 0.2%[130]. - The company reported a significant increase in accounts receivable, amounting to ¥390,334,115.90, which represents 53.01% of total assets, up from 44.37% last year[55]. Business Operations and Strategy - The company is engaged in providing integrated engineering survey and geotechnical engineering construction services, focusing on the petrochemical and coal chemical industries[24]. - The company has established a new subsidiary, Xinjiang Xinxing, and acquired 51% of Zhongde Design to expand its business scope beyond the petrochemical industry[27]. - The company is actively involved in industry standardization, having published several industry standards and currently working on new standards related to petrochemical engineering[31]. - The company is expanding its market reach into sectors such as rail transit, highways, municipal projects, and the steel industry, in line with national urbanization and industrialization efforts[27]. - The company aims to control traditional main business capacity and expand the industrial chain to accelerate industrial transformation and upgrading[68]. Research and Development - The company has a strong focus on technological innovation, holding 8 invention patents and 21 utility model patents, enhancing its competitive edge in geotechnical engineering[33]. - Research and development investment surged to CNY 12,674,505.55, reflecting a 285.63% increase compared to the previous year[47]. - The company has reported a decrease in development expenditures primarily related to the research and development of new technologies, such as the ultrasonic imaging application in rock masses[29]. - The company has set up a technology research and development center to foster innovation and address technical challenges in engineering projects[33]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The annual shareholders meeting had an investor participation rate of 27.57% on May 18, 2017[82]. - The company has commitments from major shareholders to maintain shareholding restrictions for 36 months post-listing[84]. - The company has a long-term commitment to repurchase shares if there are false statements or omissions in the prospectus, with the repurchase price not lower than the issuance price plus bank interest[85]. - Major shareholders have agreed to a lock-up period of 2 years after the expiration of the initial lock-up, with a minimum selling price not lower than the issuance price[86]. Compliance and Legal Matters - The semi-annual financial report has not been audited[88]. - The company has not conducted any significant litigation or arbitration matters during the reporting period[90]. - There are no major penalties or rectification situations reported during the period[91]. - The company has not engaged in any related party transactions during the reporting period[93]. - The company is not listed as a key pollutant discharge unit by environmental protection authorities[106].

Financial Performance - Revenue for Q1 2017 was ¥32,158,666.04, a decrease of 2.04% compared to ¥32,830,013.70 in the same period last year[8] - Net profit attributable to shareholders was -¥3,967,171.22, an improvement from -¥5,296,032.53 year-on-year[8] - Net cash flow from operating activities was -¥42,491,372.36, a significant decline of 439.25% compared to ¥12,524,907.11 in the previous year[8] - Total assets at the end of the reporting period were ¥668,497,409.74, down 3.20% from ¥690,574,541.26 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 0.78% to ¥505,436,550.90 from ¥509,403,722.12[8] - The weighted average return on net assets improved to -0.78% from -1.05% year-on-year[8] - The company reported non-recurring gains and losses totaling ¥8,454.41 for the period[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,134[11] - The largest shareholder, Chen Huili, holds 8.04% of the shares, totaling 8,148,684 shares[11] Changes in Financial Position - Accounts receivable increased by 417.23% to ¥5,972,920 from ¥1,154,800 due to enhanced collection efforts and receipt of bank acceptance bills[15] - Prepayments rose by 344.07% to ¥21,632,145 from ¥4,871,347, attributed to the initiation of project funding[15] - Other receivables increased by 206.46% to ¥30,188,370 from ¥9,850,637, driven by increased project activity and funding[15] - Operating tax and surcharges decreased by 82.00% to ¥108,093.53 from ¥600,579.68, due to changes in tax calculation scope[15] - Financial expenses improved by 70.82%, reducing to -¥381,973.82 from -¥1,309,204.88, primarily due to decreased bank deposit interest income[15] - Cash paid for other operating activities surged by 289.78% to ¥18,398,307.40 from ¥4,720,149.39, linked to project guarantees for infrastructure works[15] - Cash paid for the acquisition of fixed assets and intangible assets increased significantly by 12805.81% to ¥1,858,437 from ¥14,400, reflecting equipment purchases funded by raised capital[15] Future Outlook - The company expects to turn a profit in the first half of 2017, contrasting with a net loss of -¥426.81 million in the same period of 2016, due to improved order conditions[18]

Financial Performance - The company's operating revenue for 2016 was ¥178,357,925.41, a decrease of 35.88% compared to ¥278,157,189.48 in 2015[16] - The net profit attributable to shareholders for 2016 was ¥4,604,646.79, down 75.59% from ¥18,864,536.34 in 2015[16] - The net profit after deducting non-recurring gains and losses was ¥1,790,274.26, a decline of 90.40% compared to ¥18,644,924.61 in 2015[16] - The basic earnings per share for 2016 was ¥0.05, a decrease of 76.19% from ¥0.21 in 2015[16] - The total assets at the end of 2016 were ¥690,574,541.26, down 3.61% from ¥716,423,930.99 at the end of 2015[17] - The net assets attributable to shareholders at the end of 2016 were ¥509,403,722.12, an increase of 0.21% from ¥508,345,975.33 at the end of 2015[17] - The weighted average return on equity for 2016 was 0.91%, down 3.43% from 4.34% in 2015[16] - The company reported a total revenue of 2,814,372.53, with a significant increase in other operating income amounting to 337,237.49[23] - The company reported total assets of CNY 690.57 million and total liabilities of CNY 181.17 million as of the end of 2016[44] - The company reported a significant increase in financial expenses by 188.13%, primarily due to interest income from raised funds[57] Cash Flow and Dividends - The company reported a net cash flow from operating activities of ¥16,729,532.15, compared to a negative cash flow of ¥802,677.82 in 2015[16] - The company plans to distribute a cash dividend of ¥0.12 per 10 shares, based on a total of 101,340,000 shares[4] - The cash dividend for 2016 represents 26.41% of the net profit attributable to the company's shareholders, which was RMB 4,604,646.79[91] - The total distributable profit for 2016 was RMB 207,514,771.94, with cash dividends accounting for 100% of the profit distribution[92] - The company has maintained a consistent cash dividend policy over the past three years, with clear standards and decision-making processes[89] Business Operations and Market Position - The company has established project offices in Jinan and Zhengzhou to penetrate markets outside the petrochemical industry, including railways, highways, and municipal engineering[27] - The company maintains a leading position in underground water-sealed cave construction, having undertaken key projects for the national oil reserve in locations such as Anqing, Jieyang, and Hainan[33] - The company is strategically positioned to benefit from the increasing investment in engineering construction driven by urbanization and the "Belt and Road" initiative[28] - The company has faced challenges due to structural overcapacity in the petrochemical industry, impacting investment levels in key projects[27] - The company is focused on continuous technological innovation, collaborating with research institutions and universities to address engineering challenges[34] Research and Development - The company has developed 8 national invention patents, 19 utility model patents, and 15 software copyrights, showcasing its commitment to technological innovation[34] - R&D investment decreased by 57.43% to 8,928,957.89 CNY, accounting for 5.01% of total revenue[60] - The number of R&D personnel decreased by 27.75% to 125, with their proportion in the workforce dropping to 31.81%[60] - The company is focusing on technological innovation, with nine new research projects initiated, particularly in underground cave surveying technology[58] Shareholder Structure and Governance - The company has a total of 101,340,000 shares, with 66,200,000 shares being restricted and 35,140,000 shares being unrestricted[135] - The controlling shareholder, Chen Huili, has committed to avoid any competition with the company and will not engage in any competing business activities[98] - The company has established a consensus action agreement among shareholders holding more than 5% of the shares, ensuring unified voting rights at shareholder meetings[99] - The company has fulfilled its commitments regarding share restrictions and has a plan for investor communication if stock prices fall below certain thresholds[93] - The company has a lock-up period for shareholders, which lasts for 36 months from May 15, 2015, during which they will not transfer or entrust others to manage their shares[97] Employee and Management Structure - The company has a total of 404 employees, with 337 in the parent company and 67 in major subsidiaries[164] - The professional composition includes 164 technical personnel, 108 production personnel, and 30 sales personnel[164] - The company has implemented a salary distribution policy that emphasizes productivity, fairness, and transparency[165] - The total remuneration for directors and senior management during the reporting period amounted to 207.84 million yuan[164] - The governance structure complies with relevant laws and regulations, ensuring effective decision-making processes[169] Internal Control and Audit - The company received a standard unqualified audit opinion from Ruihua Certified Public Accountants[195] - The audit report was signed on April 20, 2017[195] - The company reported no significant internal control deficiencies during the reporting period[189] - The total assets of the evaluated units accounted for 100% of the company's consolidated financial statements[189] - The company confirmed that there are no significant discrepancies between its governance practices and the regulatory requirements set by the China Securities Regulatory Commission[176]

Financial Performance - Operating revenue for the reporting period was CNY 42,435,740.96, representing a 54.28% increase year-on-year, but a 48.84% decrease compared to the year-to-date figure of CNY 106,832,855.25[6] - Net profit attributable to shareholders of the listed company was CNY 4,926,423.53, a significant increase of 1,015.95% year-on-year, but a drastic decline of 95.92% compared to the year-to-date figure of CNY 787,696.19[6] - Basic earnings per share for the reporting period was CNY 0.05, up 13.64% year-on-year, but down 94.74% compared to the year-to-date figure of CNY 0.01[6] - The weighted average return on net assets was 0.98%, an increase of 988.89% year-on-year, but a decrease of 96.72% compared to the year-to-date figure of 0.15%[6] - The estimated net profit attributable to shareholders for 2016 is expected to range from 1,886.45 million yuan to 943.23 million yuan, reflecting a decrease of 50.00% to 90.00% compared to the previous year[22] - The net profit for 2015 was reported at 1,886.45 million yuan, indicating a challenging year ahead for the company[22] Assets and Liabilities - Total assets at the end of the reporting period decreased by 4.51% to CNY 684,099,356.18 compared to the end of the previous year[6] - Accounts receivable decreased by 49.65% to ¥3.89 million from ¥7.73 million due to the maturity of receivables during the reporting period[14] - Other receivables increased by 99.41% to ¥19.78 million from ¥9.92 million, primarily due to an increase in various deposits[14] - Prepayments increased by 48.08% to ¥7.72 million from ¥5.21 million, mainly due to increased advance payments to suppliers[14] - Intangible assets rose by 63.01% to ¥547,910 from ¥336,112, primarily due to the capitalization of R&D expenditures[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at CNY -4,338,250.65[6] - Cash flow from operating activities showed a net outflow of ¥4.34 million, a significant improvement of 89.63% compared to a net outflow of ¥41.82 million in the same period of 2015[14] - The company reported a net cash outflow from financing activities of ¥3.56 million, a decrease of 102.20% compared to a net inflow of ¥161.79 million in the previous year[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,214[10] - The largest shareholder, Chen Huili, holds 8.04% of the shares, with a total of 8,148,684 shares, all of which are pledged[10] Market and Business Strategy - The company faced significant pressure on performance due to a prolonged downturn in the petrochemical construction market, prompting efforts to explore new markets such as railway and municipal construction[22] - The company is actively working to improve its performance by expanding into new markets, which is expected to provide a foundation for better results in the future[22] - The company has committed to avoiding any competitive activities that may conflict with its business operations, ensuring no direct or indirect competition with its own ventures[19] - The company’s controlling shareholder has made commitments to avoid any competitive activities that may arise from business expansion[19] Regulatory and Compliance - The company has committed to repurchase shares if there are false records or significant omissions in the prospectus, following regulatory approval[17] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] - The company has not reported any violations regarding external guarantees during the reporting period[23] Research and Development - The company has engaged in multiple institutional research activities, focusing on its main business development and future planning[25] - The company has made commitments regarding shareholding intentions, including a lock-up period for shares held prior to public issuance[20] Non-Recurring Gains - The company received a special fund reward of CNY 3,292,177.25 from Fengtai District for being listed, contributing to non-recurring gains[7] - There were no changes in the classification of non-recurring gains and losses during the reporting period[8]