I. Review Opinion on the Company's Semi-annual report for the year 2023; With 3 votes for, 0 vote against and 0 vote as abstention. II. Comment on withdrawing provisions for devaluation of assets. With 3 votes for, 0 vote against and 0 vote as abstention. Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B; No: 2023-026 Supervisory Committee of Bingshan Refrigeration& Heat Transfer Technologies Co., Ltd. August 26, 2023 Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. Publi ...

Stock Code: 000530; 200530 Notice No: 2023-025 Short Form of the Stock: Bingshan; Bingshan B Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. Resolution of 16 th Meeting of 9 th Session of the Board Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. (the "Company") and its whole members of Board of Directors ensure that the public notice is real, accurate and complete, and there are no any important omissions, fictitious statements or serious misleading carried in this notice. I. Cal ...

一、监事会会议召开情况 1、本次监事会会议通知，于 2023 年 8 月 15 日以书面方式发出。 证券代码：000530；200530 证券简称：冰山冷热；冰山 B 公告编号：2023-026 2、本次监事会会议，于 2023 年 8 月 25 日以现场表决方式召开。 冰山冷热科技股份有限公司 3、应出席的监事人数为 3 人，实际出席的监事人数为 3 人。 九届七次监事会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 营成果，公司就该事项的决策程序符合相关法律、法规的有关规定，监事 会同意公司本次计提资产减值准备事项。 同意：3 票；反对：0 票；弃权：0 票。 三、备查文件 4、本次监事会会议，由监事会主席胡希堂先生主持。 5、本次监事会会议的召开，符合有关法律、行政法规、部门规章、规 范性文件和公司章程的规定。 二、监事会会议审议情况 1、关于 2023 年半年度报告的书面审核意见 经审核，监事会认为董事会编制和审议公司 2023 年半年度报告的程 序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整 地反映了公司的实际情况，不存在 ...

冰山冷热科技股份有限公司 证券代码：000530；200530 证券简称：冰山冷热；冰山 B 公告编号：2023-025 九届十六次董事会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 1、本次董事会会议通知，于 2023 年 8 月 15 日以书面方式发出。 2、本次董事会会议，于 2023 年 8 月 25 日以通讯表决方式召开。 3、应参加表决董事 9 人，实际表决董事 9 人。 4、本次董事会会议的召开，符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 二、董事会会议审议情况 1、公司 2023 年半年度报告及其摘要 同意：9 票；反对：0 票；弃权：0 票。 2、关于向全资子公司增资的报告 公司全资子公司大连冰山集团工程有限公司（简称"冰山工程"）是 公司冷热事业综合解决方案主要承接平台，具备机电工程施工总承包一 级资质。公司拟对冰山工程增资 1 亿元，将其注册资本从 2 亿元增至 3 亿元。 本次增资完成后，冰山工程资本实力明显增强，竞争力进一步提升， 将更好地夯实固有市场，深耕细分市场，开拓新兴市 ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,893,085,310.29, representing a 38.48% increase compared to CNY 2,089,208,256.22 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 18,255,330.45, a turnaround from a loss of CNY 269,059,849.96 in 2021, marking a 106.78% improvement[22]. - The company achieved a basic earnings per share of CNY 0.02, compared to a loss of CNY 0.32 per share in the previous year, reflecting a 106.25% increase[22]. - The company reported a total of ¥291,715,477.63 in non-recurring gains and losses for 2022, significantly up from ¥85,990,103.60 in 2021[30]. - In Q4 2022, the operating revenue reached ¥848,967,760.98, marking a 13% increase from Q3 2022[29]. - The company reported a net profit of CNY 157.55 million for 2022, with a distributable profit of CNY 141.80 million after statutory reserve allocation[100]. - A cash dividend of CNY 0.1 per 10 shares was proposed, amounting to a total cash dividend of CNY 8.43 million, which represents 100% of the profit distribution[100]. Assets and Investments - Total assets at the end of 2022 amounted to CNY 7,601,935,329.60, a 32.54% increase from CNY 5,735,570,604.67 at the end of 2021[22]. - The company reported investment income of CNY 4,303,000 from the transfer of a 17.8% stake in Suzhou Cold King Container Temperature Control Co., Ltd. during the reporting period[23]. - The company also reported investment income of CNY 5,023,000 from the transfer of a 40% stake in Panasonic Cold Chain (Dalian) Co., Ltd.[23]. - The acquisition of Songyang Compressor and Songyang Cold Machine contributed to an investment income of CNY 17,073,000, reflecting the revaluation of original equity at fair value[23]. - The company completed a major asset restructuring in November 2022, acquiring 100% stakes in Songyang Compressor and Songyang Refrigeration[42]. Market and Competition - The company is focusing on expanding its market in cold chain logistics, petrochemicals, and other niche markets, aiming for high-quality development[34]. - The company signed multiple projects with multinational giants like BASF and Yara, enhancing its brand influence in the industry[36]. - The company anticipates rapid growth in the cold chain equipment market due to the national "dual carbon" strategy and the introduction of new cold storage design standards[34]. - The company faces risks including intensified market competition and slow market promotion of new products and technologies, with corresponding countermeasures outlined in the report[5]. - The company is actively promoting CCUS and ORC projects, achieving significant progress in new business areas[38]. Research and Development - Research and development expenses increased by 17.65% to CNY 76,792,805.69 in 2022, representing 2.65% of total operating revenue[53]. - The company developed patented products for pre-cooling in the food freezing and refrigeration sector, enhancing its competitive edge[36]. - The company is developing several new products, including high-pressure compressors and advanced refrigeration units, aimed at expanding its market presence[52]. - The focus is on accelerating new product development and optimizing the product development process through standardization and modularization[70]. Environmental Compliance - The company complies with various environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China and the Air Pollution Prevention and Control Law[111]. - The company reported no exceedance of pollution discharge limits for chemical oxygen demand at 62.75 mg/L and ammonia nitrogen at 6.66 mg/L[111]. - The company achieved a significant reduction in wastewater emissions, with chemical oxygen demand and ammonia nitrogen concentrations decreasing by 54% and 56% respectively[115]. - The company invested over 1.8 million yuan in environmental governance and protection in 2022, ensuring the effective operation of environmental facilities[118]. - The company has implemented a self-monitoring plan for environmental emissions, with all monitored indicators meeting national standards[116]. Corporate Governance - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period was 4.8958 million yuan[84]. - The remuneration decision process involves approval from the board and submission to the shareholders' meeting[83]. - The company has established performance assessment methods for determining remuneration[83]. - The company has a structured approach to remuneration that considers the importance of each role and market standards[83]. - The company has not faced any criminal penalties or administrative sanctions related to the securities market since January 1, 2020[127]. Shareholder Information - The total number of shares for dividend calculation is 843,212,507, with a total distributable profit of CNY 936.93 million after accounting for previous dividends[100]. - The largest shareholder, Dalian Iceberg Group Co., Ltd., holds 170,916,934 shares, representing 20.27% of total shares[171]. - The company has 67,475 shareholders at the end of the reporting period, an increase from 61,099 at the end of the previous month[170][172]. - The number of restricted shares held by executives decreased from 3,130,039 to 1,670,894, a reduction of 1,459,145 shares, representing 0.20% of total shares[168]. Audit and Financial Reporting - The company received a standard unqualified audit opinion for its financial statements as of December 31, 2022, indicating fair representation according to accounting standards[184]. - Key audit matters included revenue recognition, particularly for product sales and installation services, due to significant sales volume and accounting estimates involved[187]. - The audit process included evaluating internal controls related to revenue recognition and assessing the appropriateness of accounting policies used by management[196][197]. - The company has confirmed that it has not been investigated for insider trading related to major asset restructuring in the last 36 months[131]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 15% to 1.725 billion, driven by new product launches and market expansion efforts[130]. - The company aims to reduce operational costs by 10% in 2023 through efficiency improvements and process optimization[130]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[130].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,291,858,908.71, representing an increase of 18.06% compared to ¥1,094,285,620.97 in the same period last year[21]. - The net profit attributable to shareholders was ¥29,568,351.52, a significant turnaround from a loss of ¥14,584,210.01 in the previous year, marking a 302.74% increase[21]. - The net profit after deducting non-recurring gains and losses was ¥10,705,118.35, compared to a loss of ¥11,882,674.61 in the same period last year, reflecting a 190.09% improvement[21]. - The basic earnings per share increased to ¥0.035 from a loss of ¥0.017, representing a growth of 305.88%[21]. - The total operating revenue for the reporting period reached CNY 1,291,858,908.71, representing an increase of 18.06% compared to CNY 1,094,285,620.97 in the same period last year[38]. - The company reported a significant increase in investment income of CNY 83,743,763.15, accounting for 256.78% of total profit, due to the transfer of equity in a joint venture[40]. - The company reported a total comprehensive loss of 16,906,427.39 CNY for the current period, compared to a loss of 14,584,210.01 CNY in the previous period, indicating an increase in losses of about 15.9%[137]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,841,301,503.15, up 1.84% from ¥5,735,570,604.67 at the end of the previous year[21]. - The total liabilities rose to CNY 2,771,884,012.67, up from CNY 2,686,072,995.70, indicating an increase of about 3.2%[115]. - The company's total cash and cash equivalents decreased to CNY 226,098,769.14 from CNY 391,077,589.19, a decline of approximately 42.2%[116]. - The total equity attributable to shareholders rose to CNY 3,023,642,891.92, compared to CNY 3,002,842,837.47, marking an increase of approximately 0.7%[115]. - The total current assets increased to CNY 1,594,632,275.80, up from CNY 1,390,939,858.65, reflecting a growth of approximately 14.6%[116]. Cash Flow - The company reported a net cash flow from operating activities of -¥189,406,336.85, worsening from -¥28,887,836.28 in the same period last year, indicating a decline of 555.66%[21]. - The cash flow from operating activities showed a net outflow of ¥189,406,336.85, worsening from a net outflow of ¥28,887,836.28 in the first half of 2021[125]. - The cash flow from financing activities showed a net inflow of 3,500,974.67 RMB, recovering from a net outflow of -65,054,762.91 RMB in the previous year[129]. - The total cash inflow from investment activities was 102,667,442.00 RMB, up from 76,375,233.49 RMB year-over-year[127]. Research and Development - The company’s R&D investment increased by 2.69% to 31,564,520.91 CNY, reflecting a commitment to innovation[37]. - Research and development expenses for the first half of 2022 were ¥31,564,520.91, slightly up from ¥30,738,151.60 in the first half of 2021[119]. Market Strategy and Risks - The company faces risks including intensified market competition and slow market promotion of new products and technologies, with corresponding countermeasures outlined in the report[4]. - The company is focusing on energy-efficient and environmentally friendly products in the air conditioning and environmental sector, aligning with national carbon neutrality goals[33]. - The company is actively expanding its market presence in the industrial refrigeration sector, nearing international competitors' technology levels[31]. - The company plans to enhance its service capabilities and customer satisfaction by transferring the service business back in-house, which is expected to reduce unnecessary service costs and improve operational efficiency[55]. Shareholder Information - The total number of shares is 843,212,507, with 99.63% being unrestricted shares[97]. - The largest shareholder, Dalian Iceberg Group Co., Ltd., holds 20.27% of the shares, totaling 170,916,934 shares[99]. - The company held two shareholder meetings during the reporting period, with participation rates of 29.37% and 29.74% respectively[58]. Environmental and Compliance - The company reported a total wastewater discharge of 1.807 tons, with a chemical oxygen demand concentration of 129 mg/L, which is within the standard limits[66]. - The company has established a wastewater treatment station, ensuring all wastewater is treated to meet standards before discharge[64]. - The company has implemented a green, energy-efficient production model, continuously improving operational efficiency and reducing costs[66]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period[75]. - The company has no violations of external guarantees during the reporting period[72]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[71].

Financial Performance - The company's revenue for Q1 2022 was CNY 580,124,203.74, representing an increase of 18.01% compared to CNY 491,609,773.09 in the same period last year[3] - The net profit attributable to shareholders was a loss of CNY 12,758,270.89, which is a 55.86% improvement from a loss of CNY 28,904,736.89 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 5,827,430.25, a turnaround from a loss of CNY 16,049,142.03, marking a 136.31% increase[3] - The total operating revenue for Q1 2022 was CNY 580,124,203.74, an increase of 18% compared to CNY 491,609,773.09 in Q1 2021[18] - The total operating costs for Q1 2022 were CNY 577,913,040.39, up from CNY 516,884,426.17 in the same period last year, reflecting a growth of approximately 12%[18] - The net loss for Q1 2022 was CNY 11,957,571.66, compared to a net loss of CNY 31,442,601.12 in Q1 2021, indicating an improvement of about 62%[18] - The company's earnings per share (EPS) for Q1 2022 was -0.015, an improvement from -0.034 in Q1 2021[19] Cash Flow and Assets - The net cash flow from operating activities was CNY -106,839,308.54, a significant decrease of 709.29% compared to CNY 17,535,066.89 in the previous year[3] - Operating cash inflow for the current period was CNY 522,401,415.97, an increase of 11.99% from CNY 466,480,979.72 in the previous period[20] - Net cash flow from operating activities was CNY -106,839,308.54, compared to CNY 17,535,066.89 in the previous period, indicating a significant decline[20] - Investment cash inflow totaled CNY 28,010,431.60, down 22.93% from CNY 36,268,700.00 in the previous period[22] - Net cash flow from investment activities was CNY 12,465,594.23, a decrease of 64.05% compared to CNY 34,626,458.38 in the previous period[22] - Financing cash inflow was CNY 243,864,996.29, an increase of 13.68% from CNY 214,526,961.15 in the previous period[22] - Net cash flow from financing activities was CNY -31,821,464.22, worsening from CNY -4,910,908.61 in the previous period[22] - The ending cash and cash equivalents balance was CNY 312,860,578.56, down from CNY 362,461,324.38 in the previous period[22] - Cash paid for purchasing goods and services was CNY 473,893,381.54, significantly higher than CNY 287,732,394.01 in the previous period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,620,932,292.27, down 2.00% from CNY 5,735,570,604.67 at the end of the previous year[3] - The company's total assets decreased to CNY 5,620,932,292.27 from CNY 5,735,570,604.67, a decline of approximately 2%[16] - The total liabilities decreased to CNY 2,583,728,426.96 from CNY 2,686,072,995.70, representing a reduction of about 4%[16] - The company’s total equity decreased to CNY 3,037,203,865.31 from CNY 3,049,497,608.97, a decline of approximately 0.4%[16] - The cash and cash equivalents were not explicitly stated, but the company reported a decrease in current assets from CNY 2,961,286,213.38 to CNY 2,887,828,807.67, a decline of approximately 2.5%[16] Operational Highlights - The company focused on the cold and hot industry, enhancing core competitiveness and improving main business operations, resulting in a profit after deducting non-recurring gains and losses[4] - The company reported a 60.53% decrease in receivables financing compared to the beginning of the year, primarily due to high-credit banks' unexpired acceptance[8] - The company experienced a 43.28% decrease in fair value gains, mainly due to negative changes in the stock price of Guotai Junan[8] - The company completed the transfer of equity in Iceberg Technology Services (Dalian) Co., Ltd., which is no longer included in the consolidated financial statements as of March 31, 2022[12] Research and Development - Research and development expenses for Q1 2022 were CNY 13,871,052.81, slightly down from CNY 14,447,195.16 in Q1 2021, indicating a decrease of about 4%[18] Audit Information - The company did not conduct an audit for the first quarter report[23]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,094,285,620.97, representing a 25.29% increase compared to ¥873,403,414.46 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥14,584,210.01, an improvement of 38.21% from -¥23,604,345.52 in the previous year[19]. - The net cash flow from operating activities was -¥28,887,836.28, showing a 63.13% improvement compared to -¥78,350,688.75 in the same period last year[19]. - The total assets at the end of the reporting period were ¥5,877,895,817.75, a 3.46% increase from ¥5,681,568,328.36 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 1.16% to ¥3,336,469,482.70 from ¥3,375,609,788.07 at the end of the previous year[19]. - The basic earnings per share improved to -¥0.017 from -¥0.028, reflecting a 39.29% increase[19]. - The company reported a net profit attributable to shareholders of -¥1,458,000, indicating a loss but a reduction in loss compared to the previous year[31]. - The company reported a net loss from non-operating income of -¥2,701,535.40 during the reporting period[24]. - The company's operating profit was reported at -¥15,768,839.23, a decline from -¥27,588,926.34 in the same period last year[118]. - The net profit for the first half of 2021 was a loss of ¥16,906,427.39, compared to a profit of ¥6,784,306.30 in the first half of 2020[119]. Revenue and Costs - The company achieved a revenue of ¥1,094,285,620.97, representing a year-on-year increase of 25.29%[34]. - The company's operating costs rose to ¥950,404,769.26, an increase of 27.05% compared to the previous year[34]. - The total operating revenue for the reporting period was CNY 1,094,285,620.97, representing a year-on-year increase of 25.29% compared to CNY 873,403,414.46 in the same period last year[37]. - The revenue from the refrigeration and air conditioning industry accounted for 97.74% of total revenue, amounting to CNY 1,069,601,775.40, with a year-on-year growth of 24.80%[37]. - The total operating costs increased to ¥1,125,502,134.17, up 25.5% from ¥897,088,858.88 year-on-year[118]. - The sales expenses increased by 59.99% to ¥56,710,524.65, primarily due to the impact of the COVID-19 pandemic on sales activities in the previous year[34]. - The company experienced a significant increase in sales expenses, which rose to ¥56,710,524.65, up 60.0% from ¥35,446,794.72 year-on-year[118]. Investments and Assets - The total investment amount for the reporting period was ¥1,606,295,377.43, representing a 0.57% increase compared to ¥1,597,241,363.62 in the same period last year[48]. - The company holds 12,910,008 shares of Guotai Junan Securities Co., Ltd., with an initial investment cost of ¥12,910,008 and a current book value of ¥221,277,537.12 after a loss of ¥5,034,903.12 during the reporting period[49]. - The company’s total assets at the end of the reporting period were 3,407,743,764.97 CNY, showing a slight decrease from the previous year[124]. - The company’s total liabilities reached CNY 2,470,152,052.78, compared to CNY 2,232,362,040.64, marking an increase of around 10.67%[117]. - The company’s cash and cash equivalents decreased by 85.65% to CNY -60,589,772.47 from CNY -32,637,366.94 in the previous year[39]. - The inventory increased by 17.19% to CNY 857,546,805.51, attributed to increased orders and ongoing projects[44]. Shareholder Information - The total number of shares remained at 843,212,507, with a slight increase in limited shares from 3,058,879 to 3,191,439[94]. - The proportion of limited shares increased from 0.36% to 0.38% after the changes in shareholding[94]. - The total number of common shareholders at the end of the reporting period is 42,446, with 34,607 A-share shareholders and 7,839 B-share shareholders[98]. - The largest shareholder, Dalian Bingshan Group Co., Ltd., holds 20.27% of the shares, amounting to 170,916,934 common shares[98]. - SANYO Electric Co., Ltd. is the second-largest shareholder with an 8.72% stake, equivalent to 73,503,150 common shares[98]. Risk Management - The company faces risks including intensified market competition and slow market promotion of new products and technologies[5]. - The company has implemented measures to address risks related to increased market competition, slow market promotion of new products, and high accounts receivable[55]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period[72]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[68]. - The company has no violations regarding external guarantees during the reporting period[69]. - The company did not engage in any entrusted financial management during the reporting period[86]. - The company did not report any significant matters that required explanation during the reporting period[88]. Research and Development - Research and development expenses increased by 24.37% to CNY 30,738,151.60 from CNY 24,715,021.28 in the previous year[39]. - The company is focusing on energy-saving and environmentally friendly products in line with national strategies for carbon peak and carbon neutrality[32]. - The company has developed a series of innovative products in the air conditioning and environmental sector, targeting specific markets such as hospitals and electronic factories[28]. Compliance and Regulations - The company has maintained compliance with environmental regulations, with no administrative penalties for environmental issues during the reporting period[63]. - The company’s financial statements were prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations for the next 12 months[140]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[142].

Financial Performance - In 2020, the company's operating revenue was CNY 1,727,267,935.15, a decrease of 5.71% compared to CNY 1,831,851,280.70 in 2019[17] - The net profit attributable to shareholders was CNY 21,341,133.39, down 76.05% from CNY 89,112,113.43 in the previous year[17] - The net cash flow from operating activities was negative CNY 13,142,427.45, a decline of 203.52% compared to a positive cash flow of CNY 12,695,071.81 in 2019[17] - The basic earnings per share decreased to CNY 0.025, down 76.42% from CNY 0.106 in 2019[17] - The company reported a total profit of 1.427 million yuan in 2020, a year-on-year decline of 78.61%[33] - The company’s net profit after deducting non-recurring gains and losses was CNY 6,128,351.99, a decrease of 71.37% from CNY 21,406,535.65 in 2019[17] Assets and Liabilities - Total assets at the end of 2020 were CNY 5,681,568,328.36, an increase of 2.82% from CNY 5,525,503,256.26 at the end of 2019[17] - Total liabilities reached CNY 3,093,859,810.58, compared to CNY 2,916,208,000.62 in 2019, marking an increase of approximately 6.1%[199] - The company reported a total equity of CNY 2,587,708,517.78, up from CNY 2,609,295,255.64 in the previous year, reflecting a slight decrease of about 0.8%[199] - The total assets reached CNY 5,681,568,328.36, up from CNY 5,525,503,256.26, representing an increase of approximately 2.8%[200] Cash Flow - The net cash flow from investment activities surged to CNY 169,325,385.63, a dramatic increase of 146,426.00% compared to CNY 115,559.96 in 2019[52] - The company reported a significant decrease in net cash flow from financing activities, which was CNY -141,130,383.65, a decline of 789.51% from CNY -15,866,154.55 in 2019[52] - Operating cash inflow for 2020 was CNY 1,639,373,926.67, an increase of 9.27% compared to CNY 1,500,287,936.95 in 2019[52] Dividends - The company plans to distribute a cash dividend of CNY 0.1 per 10 shares, totaling CNY 84,321,250.70 based on 843,212,507 shares[5] - In 2020, the company distributed a cash dividend of 0.1 yuan per 10 shares, totaling 8,432,125.07 yuan, which represents 39.51% of the net profit attributable to ordinary shareholders[78] - The company achieved a net profit of 63.93 million yuan in 2020, with a total distributable profit of 99.06 million yuan after accounting for previous dividends and reserves[80] Operational Efficiency - The company experienced a significant increase in inventory due to unfinished engineering projects, impacting revenue recognition[29] - The company’s subsidiary, Wuxin Refrigeration, implemented cost-saving measures and improved operational efficiency during the pandemic[34] - The company’s subsidiary, Iceberg Engineering, secured multiple significant projects, including CO2 and ammonia system upgrades[34] Market and Competition - The company anticipates continued industry challenges in 2021, including intensified market competition and rising cost pressures, while also recognizing opportunities in energy efficiency and carbon trading markets[68] - The company aims to address risks associated with increased market competition by focusing on its core business and optimizing its operational systems[71] - The company plans to continue focusing on market expansion and new product development to enhance its competitive position in the industry[196] Environmental Compliance - The company has a wastewater treatment facility that ensures all wastewater is treated to standards before being discharged[115] - The company has implemented measures to control air pollution, including dust collection systems and activated carbon filters, ensuring compliance with emission standards[115] - There were no significant environmental violations reported during the year, and all monitored environmental indicators met the required standards[116] Governance and Management - The company emphasizes its governance structure, focusing on "leading innovation and creating value" while enhancing internal control systems[156] - The audit committee confirmed that the internal control system is effective and compliant with relevant standards, with no significant deficiencies reported[168] - The company’s independent directors did not raise any objections to company matters during the reporting period[162] Employee Management - The company employed a total of 2,487 staff, with 1,337 in production, 336 in sales, 268 in technical roles, 54 in finance, and 492 in administration[150] - The company has established an annual training plan to provide targeted training based on employee job requirements[153] - The company does not engage in labor outsourcing, maintaining a fully employed workforce[154]

Financial Performance - The company's operating revenue for Q1 2021 was ¥491,609,773.09, representing a 6.13% increase compared to ¥463,218,112.74 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥28,904,736.89, which is a 50.74% improvement from a loss of ¥58,673,476.79 in the previous year[8] - The net profit for Q1 2021 was a loss of CNY 31.44 million, an improvement from a loss of CNY 60.04 million in Q1 2020[31] - The company reported a significant reduction in non-recurring losses, with a net loss of approximately ¥14.16 million from the fair value changes of its holdings in Guotai Junan[8] - The company’s total comprehensive loss for Q1 2021 was CNY 31.44 million, compared to a loss of CNY 60.04 million in Q1 2020, indicating a significant reduction in losses[32] Cash Flow - The net cash flow from operating activities increased by 121.56%, reaching ¥17,535,066.89, compared to a negative cash flow of ¥81,344,046.60 in the same period last year[8] - The net cash flow from operating activities for Q1 2021 was ¥17,535,066.89, a significant improvement compared to a net outflow of ¥81,344,046.60 in Q1 2020[33] - Total cash inflow from financing activities was ¥214,526,961.15, while cash outflow was ¥219,437,869.76, resulting in a net cash flow of -¥4,910,908.61 for the quarter[34] - The total cash inflow from investment activities was ¥36,268,700.00, with a net cash flow of ¥34,626,458.38, compared to a net outflow of -¥2,429,768.90 in the same period last year[33] - The company reported cash and cash equivalents at the end of Q1 2021 amounting to ¥362,461,324.38, an increase from ¥250,849,509.46 at the end of Q1 2020[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,808,295,767.48, a 2.23% increase from ¥5,681,568,328.36 at the end of the previous year[8] - The company's total liabilities amounted to CNY 2.39 billion, up from CNY 2.23 billion in the previous year, reflecting an increase of approximately 7.4%[30] - The total equity attributable to shareholders was CNY 3.35 billion, slightly down from CNY 3.38 billion in the previous year[30] - The total assets of the company reached 5,808,295,767.48 CNY, compared to 5,681,568,328.36 CNY at the end of 2020, marking a growth of about 2.2%[28] - The company’s total assets as of January 1, 2021, were ¥5,681,568,328.36, with total liabilities amounting to ¥2,232,362,040.64[38] Operational Efficiency - The company experienced an increase in contract liabilities due to a rise in orders and advance payments received[17] - Sales expenses increased significantly due to the impact of the COVID-19 pandemic on normal sales activities in the previous year[17] - The company’s cash flow from operating activities increased significantly, reflecting improved operational efficiency and revenue generation[33] - The company has implemented new leasing standards affecting the balance sheet, resulting in adjustments to fixed assets and liabilities[36] Shareholder Information - The company has not engaged in any repurchase transactions during the reporting period[14] - There were no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[18] - The company has no non-operating fund occupation by controlling shareholders or related parties[23] - The company reported no violations regarding external guarantees during the reporting period[22] - The company has not engaged in any entrusted financial management during the reporting period[21] Research and Development - Research and development expenses for Q1 2021 were CNY 14.45 million, compared to CNY 11.66 million in Q1 2020, marking an increase of about 24%[31] Profitability - The company reported a gross profit margin of approximately -5.1% for Q1 2021, compared to -4.1% in Q1 2020, indicating a decline in profitability[31] - The weighted average return on equity improved by 0.89 percentage points, reaching -0.86% compared to -1.75% in the previous year[8] - The basic earnings per share for Q1 2021 were -0.034, compared to -0.070 in Q1 2020, showing an improvement in earnings per share[32] Audit Information - The first quarter report was not audited[40]