Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,120,182,587.50, representing a 20.94% increase compared to CNY 926,201,758.90 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was CNY 239,235,940.28, a 40.61% increase from CNY 170,146,284.36 year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 235,185,799.94, up 43.67% from CNY 163,702,595.05 in the previous year[26]. - The basic earnings per share increased to CNY 0.60, a rise of 27.66% from CNY 0.47 in the same period last year[26]. - The company achieved operating revenue of CNY 1.12 billion, a year-on-year increase of 20.94%[53]. - Net profit reached CNY 242 million, reflecting a growth of 40.08% compared to the same period last year[53]. - The total profit reached 285,390,314.52, compared to 200,149,280.33, indicating an increase of about 42.5%[197]. - Net profit rose to 241,841,635.15, a significant increase from 172,644,488.52, reflecting a growth of around 40%[197]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,932,082,768.38, down 5.87% from CNY 4,177,460,169.58 at the end of the previous year[26]. - The company's total assets amounted to CNY 3,932,082,768.38, a decrease from CNY 4,177,460,169.58 at the end of 2020, representing a decline of approximately 5.86%[175]. - The company's current assets totaled CNY 2,786,207,605.23, down from CNY 3,128,105,418.80, indicating a decrease of about 10.95%[178]. - The company's total liabilities were CNY 2,821,245,805.55, down from CNY 2,843,241,000.96, showing a slight decrease of around 0.77%[181]. - The total equity of the company as of June 30, 2021, was CNY 2,110,837,296.83, compared to CNY 2,334,219,696.93 at the end of 2020, a decline of approximately 9.6%[181]. - Cash and cash equivalents decreased significantly from CNY 1,375,664,375.02 to CNY 724,533,634.76, a reduction of approximately 47.4%[175]. - The company's contract assets increased from CNY 875,625,019.04 to CNY 1,053,576,115.73, representing a growth of about 20.3%[178]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY -331,699,709.01, compared to CNY -52,179,870.55 in the same period last year, indicating a significant decline[26]. - The company invested 34,588,086.02 yuan during the reporting period, a significant decrease of 94.93% compared to 682,838,709.21 yuan in the same period last year[71]. - Research and development investment amounted to CNY 44.71 million, up 12.52% year-on-year[56]. - The company invests no less than 3% of its annual revenue in R&D, leveraging multiple national and provincial engineering laboratories to drive innovation and technology transfer[48]. Business Strategy and Market Position - The company aims to expand its core business in rail transit design, focusing on digital technology integration and smart construction[36]. - The company plans to enhance its capabilities in engineering digital technology, including BIM and smart city projects, during the "14th Five-Year Plan" period[36]. - The company is positioned to leverage the growth opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, with plans for 12 new urban rail transit lines and an additional 470 kilometers of operating mileage by 2022[40]. - The company is actively pursuing mergers and acquisitions to enhance its innovation and technology integration capabilities[36]. - The company continues to focus on technological innovation and market expansion across over 40 cities nationwide[52]. Risks and Challenges - The company faces risks including investment volatility, intensified industry competition, and high customer concentration, which may impact future performance[6]. - The company faces risks related to fluctuations in infrastructure investment, which are closely tied to national macroeconomic conditions[78]. - The company has a high concentration of revenue from related party transactions, with 2020, 2019, and 2018 accounting for 23.82%, 32.43%, and 42.12% of total revenue respectively[81]. Compliance and Governance - The company emphasizes compliance with laws and regulations regarding related party transactions to protect the interests of shareholders[82]. - The company reported no commitments from actual controllers, shareholders, related parties, or acquirers that were not fulfilled during the reporting period[97]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[98]. - The company had no violations regarding external guarantees during the reporting period[99]. - The semi-annual financial report was not audited[100]. - The company has maintained a strong talent pool and is focused on improving its talent attraction and retention strategies to mitigate the risk of talent loss[81]. Shareholder Information - The largest shareholder, Guangzhou Metro Group Co., Ltd., holds 311,003,108 shares, representing 77.75% of the total shares[155]. - The total number of shareholders at the end of the reporting period was 19,898, with no changes reported during the period[155]. - The company has no plans for share repurchase or transfer of shares as indicated in the report[150]. - The report indicates that there were no new shares issued or stock dividends during the reporting period[147].

Financial Performance - The company's operating revenue for Q1 2021 was ¥512,551,089.77, representing a 29.10% increase compared to ¥397,008,700.25 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥101,238,204.42, up 25.75% from ¥80,510,158.47 in the previous year[8] - Basic earnings per share for Q1 2021 were ¥0.25, an increase of 13.64% from ¥0.22 in the previous year[8] - The total amount of cash paid to employees increased by 36.70% to RMB 474,275,706.01, attributed to higher performance-related salary payments[19] - The total comprehensive income for the current period was CNY 103,023,071.71, up from CNY 81,313,040.57 in the previous period, indicating strong overall performance[65] - The total comprehensive income amounted to ¥97,543,869.15, compared to ¥78,375,500.14 in the previous period, reflecting an increase of approximately 24.7%[72] Cash Flow - The net cash flow from operating activities was -¥396,785,604.01, a decrease of 74.85% compared to -¥226,925,718.23 in the same period last year[8] - Cash inflow from operating activities totaled ¥344,399,188.01, up from ¥329,305,715.65 year-over-year[73] - Cash outflow from operating activities increased to ¥741,184,792.02 from ¥556,231,433.88, indicating a rise of about 33.1%[76] - The cash flow from financing activities resulted in a net outflow of -¥9,328,685.93, compared to -¥4,800,000.00 in the previous period, indicating a worsening situation[79] - The cash flow from operating activities showed a net outflow, highlighting challenges in maintaining positive cash flow amidst rising operational costs[76] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,073,152,007.65, down 2.50% from ¥4,177,460,169.58 at the end of the previous year[8] - The total amount of significant contracts includes a design and construction contract for Guangzhou Metro Line 18 and 22, valued at CNY 851.90 million, with a completion progress of 44.48% and cumulative recognized revenue of CNY 378.92 million[29] - The total liabilities amounted to approximately ¥2.13 billion, down 8.9% from ¥2.33 billion[50] - The total equity attributable to shareholders increased to approximately ¥1.93 billion, up 5.6% from ¥1.83 billion[53] - The company's total liabilities decreased to CNY 2,040,073,176.61 from CNY 2,247,769,438.51, a reduction of 9.2%[60] Research and Development - Research and development expenses increased by 60.05% to RMB 24,942,202.98, reflecting a significant increase in R&D investment[19] - Research and development expenses rose to CNY 24,942,202.98, an increase of 60.0% from CNY 15,583,688.09 in the previous period, indicating a focus on innovation[63] Investment and Income - The company reported non-operating income of ¥1,110,137.04 after tax, which includes various non-recurring gains and losses[8] - The investment income turned positive at RMB 1,024,644.79, a significant improvement from a loss of RMB -2,758,934.55 in the previous period[19] - The company reported an investment income of CNY 1,024,644.79, recovering from a loss of CNY 2,758,934.55 in the previous period[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,328, with the largest shareholder holding 77.75% of the shares[12] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[39] Other Information - The company did not engage in any repurchase transactions during the reporting period[15] - The company confirmed revenue of CNY 5.22 million for the current period from the Guangzhou Metro Line 18 and 22 contract[29] - The company has engaged in investor communication activities, discussing basic company information and responding to investor inquiries[40] - The company did not conduct an audit for the first quarter report[95]

Financial Performance - The company's operating revenue for 2020 was ¥1,870,308,500.41, representing a 13.73% increase from ¥1,644,471,944.57 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥286,497,817.28, up 21.08% from ¥236,608,922.92 in 2019[26]. - The net cash flow from operating activities increased by 119.08% to ¥277,870,772.81 in 2020, compared to ¥126,836,836.41 in 2019[26]. - The total assets at the end of 2020 were ¥4,177,460,169.58, a 28.25% increase from ¥3,257,326,387.20 at the end of 2019[29]. - The net assets attributable to shareholders rose by 67.72% to ¥1,827,901,950.81 in 2020, compared to ¥1,089,841,846.92 in 2019[29]. - The basic earnings per share for 2020 was ¥0.78, an increase of 18.18% from ¥0.66 in 2019[26]. - The company reported a net profit of ¥80,510,158.47 in Q1 2020, with total revenue of ¥397,008,700.25 for the same quarter[32]. - The company received government subsidies amounting to ¥22,460,914.11 in 2020, compared to ¥1,749,623.89 in 2019[37]. - The company achieved an operating revenue of 1.87 billion yuan, a year-on-year increase of 13.73%[76]. - The net profit reached 290 million yuan, up 20.73% compared to the previous year, with a net profit attributable to shareholders of 286 million yuan, reflecting a growth of 21.08%[76]. - The operating cash flow net amount was 278 million yuan, an increase of 119.08% year-on-year, representing 95.76% of the net profit for the period[76]. - The company has a contract backlog of 10.123 billion yuan, with an additional 2 billion yuan in bids yet to be signed[77]. Dividend Policy - The company plans to distribute a cash dividend of 6.6 RMB per 10 shares to all shareholders, based on a total of 400,010,000 shares[6]. - The cash dividend for 2020 represents 92.15% of the net profit attributable to the parent company's shareholders, which is RMB 286,497,817.28[184]. - The company has a cash dividend policy that stipulates at least 30% of the distributable profit will be distributed as cash dividends annually, ensuring stable returns for investors[181]. - The company did not distribute cash dividends or bonus shares for the 2019 fiscal year, with undistributed profits carried forward for future distribution[182]. - The total distributable profit as of December 31, 2020, is RMB 408,502,656.82 after deducting the statutory surplus reserve[186]. - The company plans to allocate 20% of the net profit for 2020 to discretionary surplus reserves, amounting to RMB 54,632,354.56[187]. - The cumulative undistributed profits carried forward to future years after the 2020 dividend distribution will be RMB 89,863,702.26[187]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its competitive edge through strategic partnerships and collaborations[6]. - The company is optimistic about future growth prospects, driven by ongoing infrastructure projects and urban development initiatives[16]. - The company has established several subsidiaries and joint ventures to strengthen its operational capabilities across different regions[16]. - The company is actively pursuing opportunities for mergers and acquisitions to enhance its service offerings and market reach[16]. - The company aims to enhance its market competitiveness by diversifying its business offerings and expanding into overseas markets[173]. - The company recognizes the risk of fluctuations in infrastructure investment, which could impact its business performance, and plans to monitor macroeconomic conditions closely[165]. - The company faces intensified competition in the urban rail transit consulting industry and aims to enhance its R&D capabilities to maintain its competitive edge[166]. Research and Development - The company is committed to the research and development of new technologies, particularly in Building Information Modeling (BIM) and Transit-Oriented Development (TOD) methodologies[16]. - The company invests no less than 3% of its annual revenue in R&D, leveraging national and provincial engineering laboratories for technology innovation and commercialization[66]. - The company has 212 ongoing research projects as of the end of 2020, with a focus on key national research and development plans[84]. - The company has been awarded 428 patents and 65 software copyrights as of December 31, 2020, reflecting its commitment to innovation[85]. - The company has established a new digital technology center to enhance its capabilities in BIM technology and smart construction[91]. - The company has developed energy-saving technologies that significantly reduce electricity consumption and improve passenger comfort, achieving international leading standards[63]. - The company has created a complete set of smart city rail transit solutions, integrating various advanced technologies for improved operational efficiency[65]. Operational Efficiency - The company is focused on improving its financial performance through strategic cost management and operational efficiencies[16]. - The company has implemented a new OA system and research management system to improve operational efficiency and data connectivity[84]. - The total operating costs for 2020 were CNY 1,257,190,775.97, with labor costs constituting 51.24% of this total[103]. - The company’s financial expenses decreased by 11.99% to CNY -15,420,706.75, primarily due to increased interest income from bank deposits[111]. Client Relationships and Risks - The company has a high customer concentration risk, with significant business reliance on major clients[6]. - The company is focused on maintaining a strong relationship with Guangzhou Metro Group, its largest client, while also seeking to reduce dependency on this single client[172]. - The total revenue from the top five customers amounted to CNY 1,047,687,333.71, accounting for 56.02% of the annual total sales[108]. - The company emphasizes the importance of risk awareness regarding future development strategies, including risks related to infrastructure investment fluctuations and industry competition[6]. Industry Trends - The urban rail transit sector's investment from 2015 to 2019 reached CNY 2.3721 trillion, with a compound annual growth rate (CAGR) of 12.78%[48]. - Urban rail transit passenger volume increased from 8.729 billion in 2012 to 23.710 billion in 2019, reflecting a CAGR of 15.34%[49]. - The trend towards networked, diversified, and integrated development of urban rail transit is expected to enhance transportation service levels in major cities[150]. - The integration of information technology and automation is identified as a key trend in the development of urban rail transit systems[151]. Compliance and Governance - The company has established a comprehensive quality management system, maintaining ISO9001, ISO14001, and OHSAS18001 certifications since 2009[70]. - The company has implemented internal control measures to ensure compliance and fairness in related party transactions, safeguarding the interests of shareholders[171]. - The company has committed to strictly adhere to laws, regulations, and its articles of association regarding related party transactions, ensuring transparency and compliance in decision-making processes[199].