Financial Performance - The company's operating revenue for 2019 was ¥1,408,054,624.02, representing a 55.68% increase compared to ¥904,426,084.97 in 2018[16] - The net profit attributable to shareholders for 2019 was ¥43,502,136.64, a decrease of 4.28% from ¥45,446,937.32 in 2018[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥32,947,856.79, down 15.39% from ¥38,940,919.33 in 2018[16] - The net cash flow from operating activities was -¥82,885,475.55, a decline of 148.44% compared to ¥171,125,046.65 in 2018[16] - The total operating cost for 2019 was ¥1,178,249,797.70, which is a 64.93% increase from ¥714,408,842.05 in 2018[51] - The company reported a significant increase in direct labor costs for drilling engineering, which rose by 69.86% to ¥108,063,838.97[53] - The company reported a net cash outflow of ¥208,799,185.98, a decline of 212.91% compared to the previous year[60] - The company aims to achieve an operating revenue of 1.25 billion RMB in 2020, with a net profit of 49 million RMB after deducting non-recurring gains and losses[80] Assets and Liabilities - The total assets at the end of 2019 were ¥2,522,693,035.55, an increase of 34.16% from ¥1,880,390,459.21 at the end of 2018[16] - The net assets attributable to shareholders at the end of 2019 were ¥971,870,768.92, a slight increase of 1.53% from ¥957,221,157.44 at the end of 2018[16] - Total revenue for 2019 reached ¥1,408,054,624.02, representing a year-on-year increase of 55.68% compared to ¥904,426,084.97 in 2018[47] - Accounts receivable surged by 197.23%, attributed to uncollected receivables[29] - Total assets included cash and cash equivalents of ¥261,089,250.00, down 13.08% from the beginning of the year[62] - Accounts receivable increased to ¥792,643,528.50, representing 31.42% of total assets, attributed to growth in oil and gas service business[63] - Short-term borrowings increased to ¥239,978,613.70, reflecting a rise in financial institution loans[63] - Long-term borrowings rose to ¥119,950,000.00, indicating an increase in long-term financing from financial institutions[63] Market and Strategic Focus - The company is focusing on enhancing core drilling services and directional well technology to optimize the oilfield engineering service industry chain[25] - The company has established a strategic layout in four major markets: the Tarim Basin, Sichuan Basin, Junggar Basin, and overseas in Ukraine[27] - The oilfield service market is showing signs of gradual recovery, driven by increased domestic exploration and development efforts in China[26] - The company plans to continue expanding its market presence, particularly in high-growth regions such as South Xinjiang and Southwest[49] - The company intends to expand its market share in Ukraine's national oil company drilling market and build a good relationship with Halliburton[80] - The company recognizes the need for improved cost control due to increased market development investments as it expands outside Xinjiang[79] Research and Development - The company developed the BK-MWD measurement instrument, which achieved mass production and has been used for over 1,000 hours[43] - The company applied for 4 intellectual property rights in 2019, including 2 invention patents and 2 software copyrights[34] - Research and development expenses increased by 79.46% to ¥23,799,014.55, driven by increased investment in R&D[59] - The number of R&D personnel rose by 15.22% to 53, with R&D personnel accounting for 4.56% of the total workforce[59] - The company is committed to enhancing collaboration with renowned research institutions and universities to attract high-tech talent for its R&D initiatives[83] Operational Efficiency - The company completed drilling 244 wells and finished 243 wells, with a total footage of 394,050.56 meters, a decrease of 6.55% from the previous year[38] - The company utilized 41 drilling rigs throughout the year, with directional technology services completing 245 wells[38] - The company completed the first phase of its "Digital Beiken" information management project, enhancing operational efficiency across various departments[40] - The company has established a performance management system for senior management, aligning with its development strategy and annual operational goals[189] Shareholder and Capital Management - The company plans to distribute a cash dividend of ¥0.6 per 10 shares, based on a total of 203,202,700 shares[4] - The company distributed cash dividends of CNY 12,192,100 in 2019, representing 28.03% of the net profit attributable to shareholders[92] - The total number of shares decreased from 204,680,000 to 203,202,700 due to the repurchase and cancellation of restricted stocks[132] - The company has engaged in share buybacks as part of its strategy to enhance shareholder returns and manage capital effectively[138] - The total number of shares repurchased and canceled during the reporting period amounted to 105,949,200 shares, with 53,153,512 shares repurchased and 52,795,688 shares canceled[138] Governance and Compliance - The company has not faced any penalties from securities regulatory agencies in the past three years[161] - The audit report issued by the accounting firm provided a standard unqualified opinion, confirming the fair presentation of the company's financial status as of December 31, 2019[196] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[175] - The company has no significant internal control deficiencies identified during the reporting period, ensuring effective internal controls[190] Social Responsibility and Environmental Initiatives - The company actively engaged in social responsibility initiatives, including donations worth 20,000 RMB to local schools[122][123] - The company emphasizes environmental protection and sustainable development, implementing national environmental laws and promoting low-carbon practices[125] - The company aims for zero waste discharge during drilling operations, focusing on clean production and resource recycling[125]

Financial Performance - The company's operating revenue for Q1 2020 was ¥168,199,565.50, representing a 35.78% increase compared to ¥123,873,356.23 in the same period last year[7] - Net profit attributable to shareholders was ¥1,468,460.38, a significant turnaround from a loss of ¥920,342.02, marking a 259.56% increase[7] - The net profit after deducting non-recurring gains and losses was ¥1,135,708.81, compared to a loss of ¥1,599,497.04, reflecting a 171.00% improvement[7] - Basic earnings per share increased to ¥0.0072 from a loss of ¥0.005, representing a 244.00% improvement[7] - The company expects net profit for the first half of 2020 to increase by over 50%, with a projected range of ¥1,736.26 million to ¥5,208.76 million[16] - The total comprehensive income attributable to the parent company was CNY 1,468,460.38, compared to a loss of CNY 1,624,621.18 in the previous period[39] - The operating profit for Q1 2020 was CNY 3,919,314.49, compared to a loss of CNY 1,285,641.01 in the same period last year[38] - The total profit for Q1 2020 was CNY 3,907,571.66, compared to a loss of CNY 803,308.77 in the previous year[38] Cash Flow - The net cash flow from operating activities was ¥33,721,868.19, a 170.00% increase from a negative cash flow of ¥48,175,626.23 in the previous year[7] - Cash inflow from operating activities totaled ¥179,898,446.00, an increase from ¥144,619,696.25 in the same period last year[49] - The cash outflow for purchasing goods and services was ¥116,018,550.40, down from ¥183,620,716.76 in Q1 2019, reflecting cost control measures[49] - The company’s cash flow from operating activities after expenses was ¥16,501,442.32, a recovery from a loss of ¥84,466,229.15 in the previous year[49] - Total cash inflow from financing activities was ¥81,072,193.22, while cash outflow was ¥8,478,110.45, resulting in a net cash flow of ¥72,594,082.77, up from ¥42,194,371.31 in the previous year[47] - The company reported a total cash and cash equivalents balance of ¥276,611,473.87 at the end of Q1 2020, compared to ¥276,268,907.16 at the end of Q1 2019, showing stability in liquidity[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,467,855,444.33, a decrease of 2.17% from ¥2,522,693,035.55 at the end of the previous year[7] - Current assets totaled CNY 1,300,092,339.42 as of March 31, 2020, up from CNY 1,270,294,570.25 at the end of 2019[31] - Total liabilities amounted to CNY 1,446,605,885.39, a decrease from CNY 1,501,702,401.18 in the previous period[30] - Owner's equity totaled CNY 1,021,249,558.94, slightly up from CNY 1,020,990,634.37[30] - Long-term borrowings increased by 42.89% to ¥171,400,000.00 due to additional long-term loans from banks[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,778[10] - The largest shareholder, Chen Pinggui, held 16.19% of the shares, amounting to 32,895,000 shares[10] Inventory and Receivables - Accounts receivable decreased by 51.60% to ¥81,370,553.73 due to the maturity of receivables and collection by banks[14] - Prepayments increased by 936.50% to ¥19,965,539.71 primarily due to prepayments for fuel and engineering services[14] - Inventory rose by 33.86% to ¥226,500,392.71 as a result of increased raw material purchases[14] Non-Recurring Gains and Expenses - The company reported non-recurring gains totaling ¥332,751.57, which included government subsidies and other income[8] - Tax expenses increased by 388.41% to ¥2,139,369.52 due to higher profits[14] - Financial expenses increased by 52.43% to ¥4,418,417.81 primarily due to increased bank loan interest[14] Investment Activities - The net cash flow from investment activities was -¥81,594,034.39, an improvement from -¥128,634,393.08 in the previous year, indicating better investment management[50] - The total cash inflow from investment activities was ¥136,957.55, significantly lower than ¥3,976,896.80 in Q1 2019, indicating reduced investment activity[50] Audit Status - The company has not undergone an audit for the Q1 2020 report, which may affect the reliability of the financial data presented[52]

新疆贝肯能源工程股份有限公司 2019 年第三季度报告全文 新疆贝肯能源工程股份有限公司 2019 年第三季度报告 2019-050 2019 年 10 月 1 新疆贝肯能源工程股份有限公司 2019 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。 公司负责人陈平贵、主管会计工作负责人蒋莉及会计机构负责人(会计主管 人员)白玉龙声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆贝肯能源工程股份有限公司 2019 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） | 3,072,148,940.95 | | 1,880,390,459.21 | 63.38% | | 归属于上市公司股东的净 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 682,649,189.74, representing an increase of 182.13% compared to CNY 241,962,945.44 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 34,725,128.21, up 70.93% from CNY 20,315,446.53 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,214,655.05, an increase of 38.95% compared to CNY 16,706,767.83 in the previous year[18]. - The company reported operating revenue of 683 million RMB, an increase of 182.13% compared to the same period last year[35]. - Net profit for the period was 34.88 million RMB, reflecting a year-on-year growth of 71.67%[35]. - The company's gross profit margin for the first half of 2019 was approximately 3.6%, compared to 10.2% in the first half of 2018, reflecting a decline in profitability[126]. - The total profit for the first half of 2019 reached CNY 37.01 million, up from CNY 24.33 million in the same period last year, marking a growth of approximately 52.0%[132]. - The company's financial expenses amounted to CNY 5.16 million, a decrease of 23.1% compared to the previous year's CNY 1.19 million[131]. - The operating profit for the first half of 2019 was CNY 33.65 million, compared to CNY 21.60 million in the same period of 2018, indicating an increase of about 55.9%[132]. - The total comprehensive income for the first half of 2019 was CNY 34.44 million, compared to CNY 20.37 million in the same period last year, reflecting an increase of about 69.0%[132]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,442,317,669.36, a growth of 29.88% from CNY 1,880,390,459.21 at the end of the previous year[18]. - The company's current assets totaled RMB 1,528,343,649.89, up from RMB 1,114,986,747.89 at the end of 2018, indicating a growth of approximately 37%[116]. - The total current liabilities increased to CNY 1,197,086,261.25 as of June 30, 2019, compared to CNY 1,151,146,518.16 at the end of 2018, marking an increase of about 4%[123]. - Non-current liabilities rose to CNY 115,441,666.48 in the first half of 2019, compared to CNY 20,237,714.06 at the end of 2018, showing a substantial increase of approximately 471%[123]. - The total assets of the company as of June 30, 2019, amounted to CNY 2,300,426,845.81, compared to CNY 2,117,395,046.82 at the end of 2018, reflecting an increase of about 9%[124]. - The company's cash and cash equivalents decreased significantly to CNY 168,303,820.72 as of June 30, 2019, from CNY 422,120,824.39 at the end of 2018, indicating a decline of approximately 60%[121]. - The company's short-term borrowings increased to ¥147,900,000.00, representing 6.06% of total liabilities, up from ¥40,000,000.00[45]. - The total liabilities at the end of the reporting period were 957.22 million yuan, indicating a slight increase compared to the previous period[144]. Cash Flow - The company reported a negative net cash flow from operating activities of CNY 96,209,109.29, which is a 3.17% improvement compared to CNY 99,360,346.69 in the same period last year[18]. - The cash inflow from operating activities was CNY 632.88 million, compared to CNY 410.76 million in the first half of 2018, representing an increase of approximately 54.0%[134]. - The net cash flow from operating activities for the first half of 2019 was -159,542,702.87 CNY, compared to -46,474,875.43 CNY in the same period of 2018, indicating a significant decline in operational performance[139]. - The total cash inflow from financing activities was 214,306,525.40 CNY, a substantial increase from 72,270,579.77 CNY in the previous year, reflecting improved financing efforts[137]. - The net cash flow from investing activities was -169,128,059.84 CNY, worsening from -22,381,821.21 CNY year-over-year, highlighting increased investment outflows[137]. Research and Development - The company has established a strong R&D management system, holding 7 invention patents and 31 utility model patents as of June 30, 2019[30]. - Research and development expenses surged by 308.06% to ¥4,589,050.44 from ¥1,124,602.16, indicating a significant increase in R&D investment[38]. - The company's research and development expenses were CNY 4.52 million, indicating ongoing investment in innovation[131]. - The company has initiated research and development for new technologies aimed at improving operational efficiency[152]. Market Expansion and Strategy - The company is actively expanding into international markets, particularly in Southwest shale gas and Ukraine, to stabilize and grow its market presence[34]. - The company is focusing on enhancing core drilling services and optimizing the oilfield engineering service industry chain to improve comprehensive service levels[26]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[143]. - The company aims to enhance its operational efficiency and reduce costs in response to market challenges[143]. Risk Management - The report includes detailed risk factors and corresponding measures taken by the company[4]. - The company faces risks related to fluctuations in investment scale in the oil and gas exploration and development industry, which could impact operational performance[63]. - The company has implemented a strict HSE management system to mitigate safety risks associated with oil and gas exploration and production[64]. - The company faces foreign operational risks in Ukraine due to geopolitical factors, including regional conflicts and regulatory challenges[65]. - The company is actively managing risks associated with natural disasters that could impact its operations[64]. Shareholder Information - The company has completed the repurchase and cancellation of restricted stock, reducing the total share capital from 204,680,000 shares to 204,578,000 shares[79]. - The total number of ordinary shareholders at the end of the reporting period was 25,679[100]. - The largest shareholder, Chen Pinggui, holds 16.08% of the shares, amounting to 32,895,000 shares, with 11,849,000 shares pledged[100]. Compliance and Governance - The company is committed to complying with national laws and regulations regarding safety and environmental protection[64]. - The company has not reported any significant safety or environmental incidents during the reporting period[64]. - The financial report was approved by the board of directors on August 22, 2019[155]. - The financial statements are prepared in accordance with the latest accounting standards issued by the Ministry of Finance[161].

证券代码：002828 证券简称：贝肯能源 公告编号：2019-034 新疆贝肯能源工程股份有限公司关于参加新疆上市公司 2019 年度投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2019 年 7 月 26 日下午 15:00-17:30 参加由新疆上市公司协会联合深圳市全景网络有限公司组 织开展的 2019 年新疆辖区上市公司投资者集体接待日活动。现将有关事项公告 如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 26 日（星期五） 15:00 至 17:30。 出席本次集体接待日的人员有：公司副总裁、董事会秘 ...

Revenue and Profitability - Revenue for Q1 2019 reached ¥123,873,356.23, a significant increase of 1,194.09% compared to ¥9,572,206.19 in the same period last year[9] - Net profit attributable to shareholders was -¥920,342.02, an improvement of 86.30% from -¥6,716,479.24 year-over-year[9] - The net profit for the first half of 2019 is projected to increase by over 50%, with an estimated range of ¥30,473,100 to ¥38,599,300, compared to ¥20,315,400 in the same period of 2018[19] - The company's net profit for Q1 2019 was not explicitly stated, but the increase in revenue and costs suggests a challenging profit margin environment[35] - The total profit for the first quarter was a loss of CNY 803,308.77, an improvement from a loss of CNY 5,965,154.43 in the same period last year[37] Cash Flow and Operating Activities - Net cash flow from operating activities was -¥48,175,626.23, showing a 9.67% improvement compared to -¥53,334,178.51 in the previous year[9] - Cash flow from financing activities for Q1 2019 was ¥42,194,371.31, a 469.94% increase from ¥7,403,274.05, driven by increased bank loans[17] - The net cash flow from operating activities was -84,466,229.15 CNY, compared to -39,475,213.90 CNY in the previous period, indicating a decline in operational performance[47] - The cash inflow from operating activities totaled 144,619,696.25 CNY, while cash outflow was 229,085,925.40 CNY, resulting in a negative cash flow from operations[47] Assets and Liabilities - Total assets increased by 30.34% to ¥1,842,439,143.34 from ¥1,413,580,972.39 at the end of the previous year[9] - Total assets as of March 31, 2019, amounted to ¥1,842,439,143.34, a slight decrease from ¥1,880,390,459.21 at the end of 2018[27] - Total liabilities decreased to CNY 1,123,841,492.82 from CNY 1,171,384,232.22, a reduction of approximately 4%[33] - The company's equity attributable to shareholders was CNY 940,947,321.47, down from CNY 946,010,814.60, indicating a slight decrease of about 0.5%[34] - The total liabilities to equity ratio stands at approximately 1.24, indicating a leveraged position[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,701[12] - Basic earnings per share improved to -¥0.005, an 83.33% increase from -¥0.03 in the same period last year[9] - Diluted earnings per share also improved to -¥0.005, reflecting an 83.33% increase compared to -¥0.03 year-over-year[9] Costs and Expenses - Operating costs surged to ¥100,243,861.50, reflecting a 1358.20% increase from ¥6,874,478.25, primarily due to higher revenue generation[16] - The company's management expenses rose by 64.84% to ¥20,642,449.89, primarily due to the addition of management personnel for overseas projects[16] - The company reported a 975.31% increase in taxes and surcharges to ¥431,671.85, due to higher tax provisions[16] - Research and development expenses for the first quarter were CNY 1,443,434.90, down from CNY 2,037,676.33 in the previous year[39] Borrowings and Financing - Long-term borrowings increased by 379.09% to ¥94,860,000.00, mainly due to new long-term loans from banks[16] - The company's short-term borrowings decreased by 31.85% to ¥107,000,000.00, reflecting repayment of bank loans[16] - Cash inflow from financing activities was 75,060,000.00 CNY, primarily from loans, while cash outflow for debt repayment was 50,000,000.00 CNY[49] Inventory and Other Assets - Inventory levels rose to CNY 160,768,049.06 from CNY 115,530,366.54, an increase of about 39%[31] - The company reported a credit impairment loss of CNY -1,892,449.63, an improvement compared to CNY -5,105,287.84 in the previous year[35] Financial Reporting and Audit - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[57] - The company has not made any adjustments related to the new financial instruments and leasing standards for the reporting period[56]

Financial Performance - The company's operating revenue for 2018 was CNY 904,426,084.97, representing a 39.28% increase compared to CNY 649,367,598.74 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 45,446,937.32, a decrease of 35.09% from CNY 70,015,040.02 in 2017[18]. - The net profit after deducting non-recurring gains and losses was CNY 38,940,919.33, down 40.66% from CNY 65,625,416.71 in the previous year[18]. - The total revenue for 2018 was 718,976,983.71 CNY, representing a 58.60% increase compared to 453,326,705.62 CNY in 2017[52]. - In 2018, the company's revenue increased by 39.28% year-on-year, while profit decreased by 35.09%[82]. Cash Flow and Assets - The net cash flow from operating activities increased by 85.63% to CNY 171,125,046.65, compared to CNY 92,183,804.43 in 2017[18]. - The total assets at the end of 2018 were CNY 1,880,390,459.21, a 30.14% increase from CNY 1,444,904,682.12 at the end of 2017[18]. - The company’s cash and cash equivalents increased by 72.28%, mainly due to the collection of receivables[31]. - Operating cash inflow reached ¥963,507,124.14, a 142.41% increase compared to the previous year, while operating cash outflow increased by 159.56% to ¥792,382,077.49[61]. - Total monetary funds at year-end amounted to ¥440,585,369.90, representing 23.43% of total assets, an increase of 5.73% from the previous year[65]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, based on a total of 204,578,000 shares[6]. - The company distributed a cash dividend of 1.10 CNY per 10 shares for the 2017 fiscal year, based on a total share capital of 119,770,000 shares, and a capital reserve conversion of 7 shares for every 10 shares[91]. - For the 2018 fiscal year, the proposed cash dividend is 0.60 CNY per 10 shares, based on a total share capital of 204,578,000 shares[92]. - The cash dividend amount for 2018 was 12,274,700.00 CNY, representing 27.01% of the distributable profit of 375,209,373.91 CNY[95]. Operational Highlights - The company completed drilling operations on 362 wells, with a total footage of 421,658 meters, marking a historical high with an increase of 109,064 meters year-on-year[38]. - The company launched 8 new drilling rigs and utilized 33 drilling and workover rigs during the year[38]. - The oil and gas exploration and development segment accounted for 99.47% of total revenue, with a year-on-year growth of 45.73%[45]. - The drilling engineering segment generated CNY 831.22 million, representing 91.91% of total revenue and a growth of 66.63% year-on-year[45]. Research and Development - The company applied for 8 patents in 2018, with 3 patents granted, including 1 invention patent[40]. - The company initiated the "Digital Beiken" project to enhance its information technology capabilities, focusing on integrating smart drilling technologies[84]. - The company established a three-tier R&D and technology innovation team to strengthen its technological capabilities and attract high-tech talent[84]. - R&D investment increased by 11.59% year-on-year, totaling ¥13,261,249.20, but the proportion of R&D investment to operating revenue decreased by 0.36% to 1.47% due to a significant revenue increase of 39.28%[59]. Market Expansion and Strategy - The company aims to achieve a revenue target of 1.6 billion RMB and a net profit of 100 million RMB in 2019, contingent on market conditions[83]. - The company plans to expand its market presence in the Xinjiang region and other oil fields, particularly in the Sichuan basin and internationally in Ukraine and the Middle East[83]. - The company is focusing on enhancing its core competitiveness in oilfield engineering technology services and expanding into upstream and downstream sectors[81]. Risk Management and Compliance - The company faces risks related to fluctuations in investment scale in the oil and gas exploration and development industry, which can directly impact the demand for oilfield technical services[86]. - The company has implemented a strict HSE management system to mitigate safety and environmental risks associated with oil and gas exploration and production[86]. - The company has maintained effective internal controls related to financial reporting as of December 31, 2018, with no significant deficiencies identified[197]. Corporate Governance - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[183]. - Independent directors attended all required board meetings and did not raise any objections during the reporting period[191]. - The company has established a robust internal control system and governance structure in accordance with relevant laws and regulations[181]. Employee and Management Information - The total remuneration paid to the company's directors, supervisors, and senior management in 2018 amounted to CNY 6.1668 million[170]. - The company employed a total of 1,673 staff, with 1,452 in the parent company and 221 in major subsidiaries[173]. - The company has established a comprehensive training system to enhance employee skills and capabilities[176].

Financial Performance - Operating revenue for the reporting period reached CNY 310,693,042.13, a year-on-year increase of 65.64%[7] - Net profit attributable to shareholders was CNY 33,571,369.52, reflecting an increase of 11.23% compared to the same period last year[7] - Basic earnings per share rose by 13.33% to CNY 0.17[7] - The net profit after deducting non-recurring gains and losses was CNY 30,370,168.03, a 9.83% increase year-on-year[7] - The company expects a net profit attributable to shareholders for 2018 to increase by 0.00% to 30.00%, estimating between ¥70,015,000 and ¥91,019,500[19] - The net profit for the third quarter was CNY 33,214,948.71, compared to CNY 30,177,737.86 in the same period last year, reflecting a growth of approximately 6.8%[37] - The total profit for the third quarter was CNY 34,950,346.38, up from CNY 33,906,431.71 in the previous year[37] - The company's basic and diluted earnings per share for the third quarter were both CNY 0.17, an increase from CNY 0.15 in the same period last year[38] - The total comprehensive income for the third quarter was CNY 34,118,808.45, compared to CNY 29,349,817.12 in the previous year, indicating a significant increase[38] Assets and Liabilities - Total assets increased by 21.22% to CNY 1,751,447,671.36 compared to the end of the previous year[7] - The company's total assets increased to CNY 1.75 billion, up from CNY 1.44 billion at the beginning of the year, representing a growth of 21.2%[30] - Current liabilities rose to CNY 756.04 million, compared to CNY 536.66 million at the start of the year, marking an increase of 40.9%[30] - The company's equity attributable to shareholders reached CNY 962.90 million, up from CNY 904.50 million, reflecting a growth of 6.5%[30] - The company reported a significant increase in inventory, which rose by 55.49% to ¥209,370,981.72 from ¥134,649,348.81, attributed to ongoing construction projects[16] - The company’s total liabilities increased significantly, with other payables rising by 181.73% to ¥116,780,197.66 from ¥41,451,694.02[16] Cash Flow - The net cash flow from operating activities was negative at CNY -92,217,677.17, a significant decline of 959.23%[7] - The company’s operating cash flow for the first nine months of 2018 was negative at -¥191,578,023.86, a decline of 541.71% compared to -¥29,854,313.21 in the previous year[16] - The cash flow from operating activities was negative at -¥191,578,023.86, worsening from -¥29,854,313.21 in the previous period[50] - Total cash outflow for operating activities was 537,757,747.85 CNY, up from 267,574,587.47 CNY in the previous period, reflecting increased operational costs[54] - The ending balance of cash and cash equivalents decreased to 104,792,450.45 CNY from 225,956,444.52 CNY at the beginning of the period[53] Shareholder Information - The company reported a total of 25,067 shareholders at the end of the reporting period[11] - The largest shareholder, Chen Pinggui, holds 16.07% of the shares, with 32,895,000 shares pledged[11] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[12] Operational Highlights - The company has committed to increasing project work in Ukraine and the southwest, contributing to expected revenue growth[19] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[36]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 241,962,945.44, representing an increase of 18.17% compared to CNY 204,757,823.16 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 20,315,446.53, up 12.19% from CNY 18,108,096.35 in the previous year[19]. - The total assets at the end of the reporting period were CNY 1,690,957,041.63, an increase of 17.03% from CNY 1,444,904,682.12 at the end of the previous year[19]. - Basic earnings per share increased to CNY 0.17, up 13.33% from CNY 0.15 in the same period last year[19]. - The weighted average return on net assets was 2.24%, an increase of 0.68% compared to 1.56% in the previous year[19]. - The operating cost rose to CNY 169.34 million, reflecting a 9.96% increase year-on-year, primarily due to higher raw material consumption and labor costs[44]. - The company reported a total profit of CNY 24,327,469.76, which is an increase of 7.8% compared to CNY 22,562,432.46 in the same period last year[139]. - The company recorded an increase in management expenses to CNY 46,913,560.39, which is a 77.5% rise from CNY 26,404,458.24 year-on-year[139]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -99,360,346.69, a significant decline of 369.83% compared to CNY -21,148,246.94 in the same period last year[19]. - Cash received from sales of goods and services amounted to CNY 374,776,008.29, significantly higher than CNY 158,440,007.95 in the previous year[146]. - The total cash and cash equivalents at the end of the period were 147,979,494.41 CNY, down from 307,675,239.44 CNY in the previous period[148]. - The company reported a total cash inflow from operating activities of 291,551,275.84 CNY, an increase from 175,700,576.02 CNY in the previous period[150]. - The cash flow from financing activities resulted in a net inflow of 43,765,217.79 CNY, a recovery from a net outflow of -95,689,652.34 CNY in the previous period[148]. Investments and Subsidiaries - The company has established several subsidiaries, including Xinjiang Haixia Beiken Energy Technology Service Co., Ltd., to enhance its operational capabilities and market reach[68]. - The company plans to acquire 51% of the equity of Yingkou Shuanglong Perforating Equipment Co., Ltd. for no more than 17 million CNY[102]. - The company plans to expand its market presence through the establishment of new subsidiaries and partnerships in the energy sector[170]. Research and Development - Research and development investment surged by 475.89% to CNY 6.48 million, indicating a significant increase in R&D efforts[45]. - The company has established four technology research innovation platforms, enhancing its R&D capabilities[37]. - The company holds 5 invention patents and 31 utility model patents, with 20 additional invention patents in the application or review stage[37]. Market and Business Strategy - The main business remains focused on oilfield engineering technical services, including drilling, cementing, and directional well services, with an emphasis on integrated drilling engineering solutions[27]. - The company aims to enhance its core drilling service capabilities and expand its international presence in the oilfield technology service sector[27]. - The company is strategically positioned to benefit from the "Belt and Road" initiative, enhancing cooperation in the oil and gas sector with Central Asian countries[38]. - The company plans to expand its market presence by bidding for projects in Ukraine and Southwest shale gas, as well as establishing a subsidiary in Dubai[71]. Risks and Challenges - The company faces risks related to fluctuations in investment scales in the oil and gas exploration and development industry, which could impact demand for its services[70]. - The expected increase in drilling engineering workload in 2018 compared to the previous year is a key factor driving the anticipated profit growth[69]. Compliance and Governance - The company has implemented a strict HSE management system to mitigate safety and environmental risks associated with oil and gas exploration and production[72]. - The company has prepared its financial statements based on the assumption of going concern and in accordance with the latest accounting standards issued by the Ministry of Finance[174]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[175]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,094[114]. - Major shareholder Chen Pinggui holds 16.07% of the shares, amounting to 32,895,000 shares, with 11,849,000 shares pledged[114]. - The company granted 1,071,000 restricted shares at a price of 7.30 CNY per share to 8 eligible participants as part of the first phase of the stock incentive plan[87]. Legal and Regulatory Matters - The company reported a total revenue of 105.08 million yuan from a technical service contract dispute, which is currently under mediation[82]. - There were no significant litigation or arbitration matters affecting the company's performance during the reporting period[82]. - The half-year financial report has not been audited[80].

Financial Performance - The total revenue for the year was 119,770,000 CNY, reflecting the company's financial performance[5]. - The company's operating revenue for 2017 was ¥649,367,598.74, representing a 51.71% increase compared to ¥428,036,742.17 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥70,015,040.02, an increase of 11.83% from ¥62,608,871.33 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥65,625,416.71, which is a 22.48% increase from ¥53,582,663.22 in 2016[6]. - The net cash flow from operating activities for 2017 was ¥92,183,804.43, up 14.66% from ¥80,398,241.35 in 2016[6]. - The total assets at the end of 2017 were ¥1,444,904,682.12, a 25.84% increase from ¥1,148,202,862.61 at the end of 2016[6]. - The net assets attributable to shareholders at the end of 2017 were ¥904,503,125.44, reflecting a 7.81% increase from ¥839,016,089.82 at the end of 2016[6]. - The basic earnings per share for 2017 was ¥0.6, a decrease of 15.49% compared to ¥0.710 in 2016[6]. - The diluted earnings per share for 2017 was also ¥0.6, showing a 15.49% decrease from ¥0.710 in 2016[6]. Risk Management - The company emphasizes the importance of risk awareness in future operations, as outlined in the management discussion section[5]. - The company faces risks related to fluctuations in oil and gas exploration and development investment, which directly impact the demand for oilfield technical services[89]. - The company is implementing a strict HSE management system to mitigate safety risks associated with oil and gas exploration and production[90]. Operational Strategy - The company aims to enhance its core drilling services and directional well technology services to improve competitiveness and expand its service capabilities[25]. - The company continues to optimize and extend its oilfield engineering technology service industry chain to become an international oilfield technology service provider[25]. - The company maintains a targeted procurement model for raw materials required in drilling engineering and technical services, ensuring quality and efficiency through strict supplier management[28]. - The company is focusing on technological research and innovation, with a budget of 3.4 million yuan allocated for key technology research and application in tight oil and gas drilling[88]. - The company has established a research center for special drilling technology in Xinjiang, with a budget of 500,000 yuan for its development[88]. Market Presence - The company is positioned as a leader in the private oilfield engineering service market, leveraging its comprehensive qualifications and integrated drilling services[32]. - The company has a significant presence in the Xinjiang oilfield market, competing against major state-owned enterprises like PetroChina and Sinopec[32]. - The company aims to consolidate its traditional market in Xinjiang and expand into other oilfield markets, particularly in the Sichuan Basin and overseas markets like Ukraine[87]. - The company has identified significant exploration discoveries in the Xinjiang region and plans to leverage its production service experience to meet market demands[86]. Investment and Growth - The company has committed to several investment projects, including a drilling engineering service capacity project with a total investment of CNY 21,074.76 million, of which CNY 9,443.90 million has been invested, achieving 44.81% of the planned investment[77]. - The total investment commitment for projects amounted to CNY 32,103.88 million, with CNY 10,894.18 million and CNY 13,316.56 million allocated for specific projects[78]. - The company plans to achieve a revenue growth of no less than 40% in 2018 compared to the previous year, with a net profit growth of no less than 30% after deducting non-recurring gains and losses[86]. Shareholder Relations - The company reported a profit distribution plan of 1.10 CNY per 10 shares (including tax) and a capital reserve increase of 7 shares for every 10 shares held[5]. - The company has received input from minority shareholders regarding its dividend policies, ensuring their interests are protected[96]. - The company’s profit distribution plan for 2017 will carry forward any undistributed profits to future years[101]. - The company has a long-term commitment to maintain its stock price stability following its IPO[104]. Research and Development - The company has established a research and development center in Beijing to enhance its technological innovation capabilities, focusing on high-end logging instruments and new materials[36]. - The company has been awarded the "Xinjiang Oilfield Reservoir Modification Engineering Technology Research Center" to conduct technical research related to its main drilling business[37]. - As of December 31, 2017, the company holds 5 invention patents and 28 utility model patents, with additional patents under review, showcasing its commitment to innovation[38]. - Research and development expenses increased significantly, driven by strategic initiatives in oil exploration and development technologies[65]. Financial Management - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has a dedicated investor relations team to handle inquiries and provide information[12]. - The company has a total of CNY 6 million in bank wealth management products with an annualized return of 3.40%[130]. - The company has a total of CNY 4.3 million in bank wealth management products with an annualized return of 1.98%[130]. Corporate Governance - The company has maintained its accounting firm, Tianzhi International Accounting Firm, for 5 consecutive years, with an audit fee of CNY 600,000[112]. - The company has not faced any penalties from securities regulatory authorities in the past three years[177]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring autonomous operational capabilities[189]. - The company has established an independent financial department, ensuring separate financial operations and compliance with accounting standards[190]. Employee Relations - The total number of employees in the company is 1,132, with 958 in the parent company and 174 in major subsidiaries[181]. - The employee compensation policy aligns with the company's development stage, ensuring that salary levels match job value, capabilities, and performance contributions[183]. - In 2017, the company implemented various training programs to enhance employee skills and capabilities, focusing on talent development and management training[184].