证券代码：200771 证券简称：杭汽轮 B 公告编号：2016-52 杭汽轮机股份有限公司 2016 年第一季度报告正文 杭汽轮机股份有限公司 2016 年第一季度报告正文 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。 杭汽轮机股份有限公司 2016 年第一季度报告正文 1 公司负责人郑斌、主管会计工作负责人濮阳烁及会计机构负责人(会计主管 人员)赵家茂声明：保证季度报告中财务报表的真实、准确、完整。 2 杭汽轮机股份有限公司 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 687,834,749.02 | 492,164,586.38 | 39.76% | | 归属于上市公司股东的净利 ...

Financial Performance - In 2015, the company's operating revenue was approximately ¥2.60 billion, a decrease of 30.15% compared to ¥3.72 billion in 2014[20] - The net profit attributable to shareholders was a loss of approximately ¥162.81 million, representing a decline of 146.24% from a profit of ¥352.08 million in 2014[20] - The net profit after deducting non-recurring gains and losses was a loss of approximately ¥196.16 million, down 160.77% from a profit of ¥322.79 million in 2014[20] - The company's total revenue for 2015 was ¥2,600,072,151.63, a decrease of 30.15% compared to the previous year[34] - The total profit for the year was -¥148,188,507.04, representing a decline of 129.56% year-on-year, with net profit attributable to shareholders at -¥162,809,311.79, down 146.24%[34] - The basic earnings per share were -¥0.22, a decrease of 146.81% from ¥0.47 in 2014[20] - The weighted average return on equity was -3.77%, down from 8.12% in 2014, indicating a significant decline in profitability[20] Cash Flow and Assets - The net cash flow from operating activities increased by 25.51% to approximately ¥355.68 million, compared to ¥283.73 million in 2014[20] - The total assets at the end of 2015 were approximately ¥7.68 billion, an increase of 1.74% from ¥7.55 billion at the end of 2014[20] - The net cash flow from operating activities increased by 25.36% to ¥355,677,773.05, primarily due to reduced tax payments[34] - The company's total assets included cash and cash equivalents of $751.60 million, representing 9.78% of total assets at the end of 2015[64] - Accounts receivable decreased to $2.10 billion, accounting for 27.28% of total assets, down from 31.63% in 2014[64] Market Position and Strategy - The company maintains a leading position in the domestic industrial turbine market, with a focus on customized design and manufacturing to meet specific client needs[28] - The company has established strategic partnerships with key clients in the domestic equipment application sector, enhancing its brand influence in the industrial turbine market[31] - The company is actively pursuing a "going out" strategy, expanding its presence in international markets such as India, Pakistan, and Brazil[37] - The company plans to focus on the gas turbine business strategy during the 13th Five-Year Plan period, aligning with China's industrial manufacturing goals[41] - The company anticipates opportunities and challenges in the turbine industry during the "13th Five-Year Plan" period, driven by government initiatives and the "Belt and Road" strategy[74] Research and Development - The company has developed nearly 600 models of industrial turbines, demonstrating its strong R&D capabilities in the sector[31] - R&D investment for 2015 was ¥179,039,951.91, which is 6.89% of total revenue, reflecting an increase of 11.65% compared to the previous year[54] - The company developed and launched 7 new products and completed 33 research projects during the year, enhancing its technological capabilities[38] - The company plans to invest in technology innovation, including the development of turbine assembly technology and smart manufacturing processes[79] Challenges and Risks - The company faces challenges due to rising labor costs and declining product prices, necessitating ongoing cost control measures[29] - The company is aware of the potential decline in profitability due to changes in product structure and increased competition leading to lower sales margins[86] - The company is implementing measures to manage contract execution risks, including improving production and sales coordination[83] - The company is addressing accounts receivable risks by enhancing customer credit management and contract enforcement[84] Corporate Governance - The company did not distribute cash dividends or bonus shares for the year[5] - The company has a cash dividend policy that prioritizes cash distributions when profits and cash flow allow, aiming for at least 30% of the average distributable profit over the last three years[93] - The company has not experienced any major accounting errors requiring restatement during the reporting period[101] - The company has engaged Tianjian Accounting Firm for internal control audits, with fees totaling 260,000 RMB for the year[104] Employee and Management Information - The total number of employees in the company is 3,849, with 58.82% (2,264) in production roles[163] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to CNY 7,621,482.4[162] - The average compensation for executives is CNY 658,800 per person, while the average compensation for all employees is CNY 115,300 per person[166] - The company ensures timely payment of salaries and overtime according to national regulations[164] Environmental and Social Responsibility - The company invested 16.2 million yuan in environmental protection during the reporting period[125] - The company made social welfare donations amounting to 3.3 million yuan[125] - The company has implemented an environmental management system certified by ISO 14001[125] - The company reported a decrease in chemical oxygen demand and ammonia nitrogen in wastewater discharge, indicating improved environmental performance[125]

Financial Performance - In 2015, the company's operating revenue was approximately ¥2.60 billion, a decrease of 30.15% compared to ¥3.72 billion in 2014[20]. - The net profit attributable to shareholders was a loss of approximately ¥162.81 million, representing a decline of 146.24% from a profit of ¥352.08 million in 2014[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥196.16 million, down 160.77% from ¥322.79 million in 2014[20]. - The total profit for the year was -¥148,188,507.04, representing a decline of 129.56% compared to the previous year, with net profit attributable to shareholders at -¥162,809,311.79, down 146.24%[34]. - The basic earnings per share were -¥0.22, a decrease of 146.81% from ¥0.47 in 2014[20]. - The weighted average return on equity was -3.77%, down from 8.12% in 2014, indicating a significant decline in profitability[20]. - The company reported a significant increase in inventory, with turbine stock rising by 86.36% to 164 units[48]. - The company achieved a notable reduction in financial expenses, reporting a gain of ¥7,563,749.45 compared to a loss of ¥15,255,789.99 in 2014[53]. Cash Flow and Assets - The net cash flow from operating activities increased by 25.51% to approximately ¥355.68 million, compared to ¥283.73 million in 2014[20]. - The company's total assets at the end of 2015 were approximately ¥7.68 billion, an increase of 1.74% from ¥7.55 billion at the end of 2014[20]. - The net assets attributable to shareholders decreased by 5.20% to approximately ¥4.22 billion, down from ¥4.45 billion at the end of 2014[20]. - The company reported a total of ¥33.35 million in non-recurring gains for 2015, primarily from government subsidies and other operating income[25]. - The company's total operating revenue for 2015 was ¥2,600,072,151.63, a decrease of 30.15% compared to ¥3,722,331,920.13 in 2014[44]. - The revenue from the boiler and prime mover manufacturing industry accounted for 82.14% of total revenue, totaling ¥2,135,628,506.22, down 31.27% year-on-year[44]. Market Position and Strategy - The company maintains its position as the largest industrial turbine research and manufacturing base in China, with a leading market share in the industrial drive sector[28]. - The company emphasizes technological innovation, collaborating with research institutions and universities to maintain a competitive edge in the mid-to-high-end market[29]. - The company has established strategic partnerships with key clients in the domestic equipment application sector, enhancing its brand influence in the industrial turbine market[31]. - The company established four major business segments: steam turbines, gas turbines, nuclear power, and service operations, to adapt to changing market demands[35]. - The company is actively pursuing a "going out" strategy, expanding its overseas market presence in countries like India, Pakistan, and Brazil[37]. - The company plans to focus on the gas turbine business strategy during the 13th Five-Year Plan period, aligning with the future market for natural gas applications[41]. Research and Development - The company developed and launched 7 new products and completed 33 research projects during the reporting period, enhancing its technological capabilities[38]. - Research and development expenditure for 2015 was ¥179,039,951.91, representing 6.89% of total revenue, an increase of 11.65% year-on-year[54]. - The company plans to increase investment in technological innovation, particularly in gas turbine technology and smart manufacturing, to improve product quality and efficiency[79]. Challenges and Risks - The company faces challenges due to rising labor costs and declining product prices, necessitating ongoing improvements in cost control measures[29]. - The company faces risks from market competition, particularly in the turbine market, where demand is weak and prices are declining, impacting profitability[82]. - The company is implementing measures to manage risks related to contract execution, accounts receivable, and currency fluctuations to mitigate potential financial impacts[83][84][85]. Corporate Governance and Shareholder Information - The company did not distribute cash dividends or bonus shares for the year[5]. - The company has a profit distribution policy that prioritizes cash dividends when profits and cash flow allow, aiming for a minimum of 30% of the average distributable profit over the last three years[93]. - The company has not made any adjustments to its profit distribution policy during the reporting period[94]. - The company’s stock was suspended from trading starting May 29, 2015, due to the restructuring plan by the controlling shareholder[123]. - The controlling shareholder, Hangzhou Steam Turbine Power Group Co., Ltd., held 63.64% of the shares[131]. Employee and Management Information - The total number of employees in the company is 3,849, with 58.82% in production roles[163]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 7,621,482.4 RMB[162]. - The average compensation for all employees is CNY 115,300 per person[166]. - The company ensures timely payment of salaries and overtime according to national regulations[164]. Sustainability and Social Responsibility - The management emphasized the importance of sustainability, committing to reduce carbon emissions by 30% over the next five years[152]. - The company invested CNY 162,000 in environmental protection during the reporting period[125]. - The company made social welfare donations amounting to CNY 330,000 during the reporting period[125].

杭汽轮机股份有限公司 2015 年第三季度报告 证券代码：200771 证券简称：杭汽轮Ｂ 公告编号：2015-73 杭州汽轮机股份有限公司 2015 年第三季度报告正文 公司负责人郑斌、主管会计工作负责人濮阳烁及会计机构负责人(会计主管 人员)赵家茂声明：保证季度报告中财务报表的真实、准确、完整。 1 杭汽轮机股份有限公司 2015 年第三季度报告 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | 总资产（元） | 7,878,473,837.07 | 7,552,058,947.02 | | 4.32% | | 归属于上市公司股东的净资产（元）4,285,742,488.14 | | 4,450,598,244.32 | | -3.70% | | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | | | 期增减 | | 比上年同期增减 | | 营业收入 ...

Financial Performance - The company's operating revenue for the first half of 2015 was ¥1,054,996,326.24, a decrease of 39.48% compared to the same period last year[21]. - The net profit attributable to shareholders was a loss of ¥10,282,333.32, representing a decline of 105.24% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was a loss of ¥22,164,040.35, down 112.22% from the previous year[21]. - The net cash flow from operating activities was ¥101,821,573.29, a decrease of 15.00% compared to the same period last year[21]. - The basic earnings per share were -¥0.01, a decline of 103.85% year-on-year[21]. - The diluted earnings per share were also -¥0.01, reflecting the same percentage decline as basic earnings[21]. - The weighted average return on net assets was -0.23%, down 4.76% from the previous year[21]. - The company anticipates a cumulative net profit of CNY -9,500,000 for the period, indicating a significant decline compared to the previous year's CNY 18,396,510[59]. Revenue and Costs - Total operating revenue for the first half of 2015 was CNY 1,054,996,326.24, a decrease of 39.4% compared to CNY 1,743,362,642.27 in the same period last year[116]. - Total operating costs amounted to CNY 1,079,531,378.43, down 29% from CNY 1,517,296,543.27 year-on-year[116]. - The gross profit margin for the industrial turbine segment was 35.58%, down by 2.65% year-on-year[39]. - Domestic revenue accounted for CNY 955,526,784.01, representing a 42.30% decline year-on-year, while overseas revenue increased by 15.49% to CNY 96,125,150.25[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,772,378,806.31, an increase of 2.92% from the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.92% to ¥4,365,106,939.87 compared to the end of the previous year[21]. - Current assets totaled CNY 6,101,050,849.25, up from CNY 5,877,537,099.86 at the beginning of the period[111]. - The total liabilities reached CNY 3,060,684,873.26, an increase of 11.8% from CNY 2,736,647,414.72 in the previous year[115]. Investments and R&D - Research and development investment increased by 33.1% to CNY 107,033,616.25, reflecting the company's commitment to innovation[34]. - The company invested CNY 15,975,590.25 in external equity investments, marking a 100% increase compared to the previous year[46]. - The company plans to invest CNY 208,400,000 in the Turbine Heavy Industry Project, with only CNY 365,760 invested to date, representing 4.33% of the total planned investment[58]. Cash Flow - The company's cash and cash equivalents decreased by 48.67% to CNY -57,390,220.73, primarily due to increased cash flow from financing activities[34]. - The total cash and cash equivalents at the end of the period is ¥556,567,843.18, down from ¥771,330,801.56 in the previous period[122]. - The net cash flow from operating activities was ¥24,465,233.87, a decrease of 77.5% compared to ¥108,604,080.40 in the previous period[124]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - The total number of shares remained at 754,010,400, with no new shares issued or significant changes in ownership proportions[96]. - The company’s cash dividend policy complies with its articles of association and shareholder resolutions[61]. Legal and Compliance - The company is currently involved in several lawsuits, including a claim against Tangshan Yanshan Steel for CNY 6,260,000 in unpaid debts[67]. - There were no violations regarding external guarantees during the reporting period[86]. - The company has not engaged in any asset acquisitions or mergers during the reporting period[70][72]. Accounting Policies - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[140]. - The company employs the actual interest method for subsequent measurement of financial liabilities[150]. - The company recognizes revenue from the sale of goods when the risks and rewards of ownership are transferred to the buyer, and the revenue amount can be reliably measured[182].

杭汽轮机股份有限公司 2015 年第一季度报告正文 证券代码：200771 证券简称：杭汽轮 B 公告编号：2015-25 杭汽轮机股份有限公司 2015 年第一季度报告正文 1 杭汽轮机股份有限公司 2015 年第一季度报告正文 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。 公司负责人郑斌、主管会计工作负责人濮阳烁及会计机构负责人(会计主管 人员)赵家茂声明：保证季度报告中财务报表的真实、准确、完整。 2 杭汽轮机股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 492,164,586.38 | 655,138,863.63 | -24.88% | | 归属于上市 ...

2014 年度报告全文 证券代码：200771 证券简称：杭汽轮 B 公告编号：2015-08 二零一四年年度报告 ANNUAL REPORT 2014 二○一五年三月二十八日公告 1 2014 年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 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报告的董事会会议。 公司经本次董事会审议通过的利润分配预案为：以 2014 年 12 月 31 日的公 司总股本为基数，向全体股东每 10 股派发现金红利 1.00 元（含税），送红股 0 股，不以公积金转增股本。 公司负责人郑斌、主管会计工作负责人濮阳烁及会计机构负责人(会计主管 人员)赵家茂声明：保证年度报告中财务报告的真实、准确、完整。 本年度报告涉及未来计划等前瞻性陈述，不构成对投资者的实质承诺，请 投资者注意投资风险。 2 | 2014 年度报告 | 1 | | --- | --- | | 第一节 重要提示、目录和释义 | 2 | | 第二节 公司简介 | 5 | | 第三节 会计数据和财 ...

Financial Performance - Operating revenue for the reporting period was CNY 706,544,529.11, down 50.70% year-on-year, while year-to-date revenue was CNY 2,449,907,171.38, a decrease of 29.05%[6] - The net profit attributable to shareholders was a loss of CNY 12,209,753.03, representing a decline of 105.27% compared to the same period last year[6] - The basic earnings per share for the reporting period was -0.0162, a decrease of 105.28% year-on-year[6] - The weighted average return on equity was -0.29%, down 104.91% from the previous year[6] - Net profit for the period was CNY 230,163,302.87, a decline of 57.4% from CNY 539,332,601.80 in the same period last year[23] - Basic and diluted earnings per share were both CNY 0.244, down 60.5% from CNY 0.6162[23] - The company reported a net loss attributable to shareholders of ¥12,209,753.03, compared to a profit of ¥231,707,861.66 in the same quarter last year[21] - Net profit for the period was ¥2,461,218.23, a significant decline from ¥250,551,980.88 in the previous year[21] Cash Flow - The company reported a net cash flow from operating activities of CNY 210,768,345.76, an increase of 25.83% year-on-year[6] - Operating cash flow for the period was 186,552,496.68 yuan, compared to a negative cash flow of -64,173,661.57 yuan in the previous period[30] - Total cash inflow from operating activities was 1,515,402,183.66 yuan, down 17.4% from 1,834,820,947.67 yuan year-over-year[30] - Cash outflow from operating activities totaled 1,328,849,686.98 yuan, a decrease of 30% compared to 1,898,994,609.24 yuan in the previous period[30] - Total cash and cash equivalents at the end of the period were 225,766,064.98 yuan, down 41.5% from 385,063,749.07 yuan year-over-year[30] - The company reported a net decrease in cash and cash equivalents of -69,526,918.16 yuan for the period[30] - The company’s cash inflow from loans was 0 yuan, indicating no new borrowings during the period[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,567,407,579.21, a decrease of 1.02% compared to the end of the previous year[6] - Total liabilities decreased to ¥2,954,835,454.86 from ¥3,034,028,737.69[17] - Shareholders' equity increased slightly to ¥4,612,572,124.35 from ¥4,611,620,068.74[17] - Cash and cash equivalents decreased by 49.26% to ¥448,104,748.45 from ¥883,141,568.17 due to loan repayments and changes in bank wealth management products[12] - Accounts receivable decreased by 34.09% to ¥607,303,635.55 from ¥921,474,660.68 primarily due to the maturity and transfer of notes[12] - Inventory increased by 33.04% to ¥2,025,686,008.51 from ¥1,522,662,268.44, mainly due to an increase in finished goods at the end of the period[12] - Total assets decreased slightly to ¥7,567,407,579.21 from ¥7,645,648,806.43[16] - Total operating revenue for the third quarter was ¥706,544,529.11, a decrease of 50.7% compared to ¥1,433,030,061.77 in the same period last year[21] Expenses - Operating costs decreased by 34.93% to ¥1,501,106,574.52 from ¥2,306,739,124.63, attributed to a decline in sales and reduced R&D expenses[12] - Financial expenses increased by 362.25% to ¥107,639,925.91 from ¥23,286,159.94, mainly due to changes in the aging structure of accounts receivable[12] - Investment income decreased by 44.28% to ¥37,778,981.98 from ¥67,805,353.37, primarily due to the previous year's gain from the sale of equity in a subsidiary[12] - Management expenses rose to CNY 477,482,217.26, an increase of 23.3% from CNY 387,326,492.57[23] - The company reported a significant increase in asset impairment losses, totaling CNY 107,639,925.91, compared to CNY 23,286,159.94 in the previous period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,963[9] - The largest shareholder, Hangzhou Steam Turbine Power Group Co., Ltd., held 63.64% of the shares, totaling 479,824,800 shares[9] Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[24]

Financial Performance - Net profit attributable to shareholders was CNY -12,209,753.03, a decline of 105.27% year-on-year [7]. - Operating revenue for the period was CNY 706,544,529.11, down 50.70% compared to the same period last year [7]. - Basic earnings per share were CNY -0.0162, a decrease of 105.28% compared to the same period last year [7]. - The weighted average return on net assets was -0.29%, down 104.91% year-on-year [7]. - Non-operating income for the year-to-date was CNY 18,366,914.46 after tax adjustments [9]. - Minority interest profit decreased by 38.15% to ¥46.20 million, due to a decrease in the net profit of subsidiaries [13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,567,407,579.21, a decrease of 1.02% compared to the end of the previous year [7]. - Total liabilities decreased by 42.45% to ¥216.90 million, mainly due to the repayment of bank loans by the parent company [13]. - Cash and cash equivalents decreased by 49.26% to ¥448.10 million due to loan repayments and changes in bank wealth management products [13]. - Accounts receivable decreased by 34.09% to ¥607.30 million primarily due to the maturity and transfer of notes [13]. - Inventory increased by 33.04% to ¥2.03 billion, mainly due to an increase in finished goods at the end of the period [13]. - Other current assets increased by 60.69% to ¥512.04 million, mainly due to an increase in wealth management products [13]. Operating Activities - The net cash flow from operating activities was CNY 210,768,345.76, an increase of 25.83% year-on-year [7]. - Operating costs decreased by 34.93% to ¥1.50 billion, attributed to a decline in sales and reduced R&D expenses [13]. - Net cash flow from investment activities decreased by 575.04% to -¥239.01 million, primarily due to cash received from purchasing wealth management products [13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 754,010,400 [10]. - The largest shareholder, Hangzhou Steam Turbine Power Group Co., Ltd., held 63.64% of the shares [10]. Accounting and Financial Reporting - The company reported no significant changes in accounting policies or errors that would require restatement of previous financial data [7]. - Asset impairment losses decreased by 44.28% to ¥37.78 million, primarily due to the absence of investment income from the sale of equity stakes in the previous year [13]. - Financial expenses increased by 362.25% to ¥107.64 million, mainly due to changes in the aging structure of accounts receivable [13].

Financial Performance - The company's operating revenue for the first half of 2014 was ¥1,743,362,642.27, a decrease of 13.68% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥196,174,851.01, down 15.78% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥181,414,092.36, reflecting a decline of 17.55% compared to the previous year[21]. - Total profit amounted to ¥26,737,600, reflecting a year-on-year decline of 20.53%[32]. - Net profit was ¥22,770,210, down 21.15% compared to the previous year[32]. - Basic and diluted earnings per share were both ¥0.26, down 16.13% from the previous year[21]. - The weighted average return on equity decreased to 4.53%, down 1.31 percentage points year-on-year[21]. - The gross profit margin for the company was 38.37%, which represents an increase of 5.24% year-on-year[41]. - The company reported a total comprehensive income of CNY 228,453,434.91, a decrease of 20.9% compared to CNY 288,780,620.92 in the prior period[100]. Cash Flow and Assets - The net cash flow from operating activities increased by 6.63% to ¥119,786,983.72[21]. - The company's total assets at the end of the reporting period were ¥7,760,453,482.73, representing a 1.50% increase from the end of the previous year[21]. - Current assets rose to CNY 6,126,178,959.09, up from CNY 6,014,392,719.46, indicating an increase of about 1.86%[95]. - The company's cash and cash equivalents decreased to CNY 771,330,801.56 from CNY 883,141,568.17, a decline of about 12.63%[95]. - Total cash inflow from investment activities was 529,852,809.48 yuan, while cash outflow was 423,752,130.39 yuan, resulting in a net cash flow of 106,100,679.09 yuan[104]. - The total cash and cash equivalents at the end of the period amounted to 423,425,045.57 yuan, an increase from 378,882,861.62 yuan at the end of the previous period[104]. Investments and R&D - The company's R&D investment decreased by 6.68% to ¥80,416,519.61[35]. - The company applied for 12 patents and was granted 5 utility model patents during the reporting period[37]. - The company achieved service revenue of over ¥40 million from operational gas turbines during the reporting period[38]. - Investment income for the period was CNY 33,668,236.76, down 48.0% from CNY 64,696,068.76 in the previous period[100]. Liabilities and Equity - Total liabilities rose to CNY 3,151,211,234.77 from CNY 3,034,028,737.69, marking an increase of about 3.87%[96]. - The company's equity attributable to shareholders increased to CNY 4,276,885,828.98 from CNY 4,230,942,110.74, reflecting a growth of approximately 1.08%[96]. - The total equity at the end of the current period increased to CNY 4,611,620,068.74, showing growth[108]. - The retained earnings increased by CNY 287,081,740.44 during the current period[108]. Governance and Compliance - The company did not distribute cash dividends or bonus shares for the reporting period[6]. - The company’s governance practices were in compliance with the Company Law and relevant regulations[60]. - The cash dividend policy was found to be clear and compliant with the company’s articles of association[56]. - The financial report for the half-year period is unaudited[73]. Accounts Receivable - The total accounts receivable balance at the end of the period is CNY 2,646,338,724.88, with a bad debt provision of CNY 512,207,974.55, representing 19.36% of the total[194]. - The aging analysis shows that 50.72% of accounts receivable (CNY 1,342,118,551.21) is within one year, with a bad debt provision of CNY 67,244,077.57[194]. - The total bad debt provision increased from CNY 490,093,213.04 at the beginning of the period to CNY 545,228,454.74 at the end, reflecting a rise of approximately 11.3%[194]. - The top five accounts receivable customers account for 47.94% of the total accounts receivable, with the largest customer contributing CNY 734,306,431.32, which is 27.41% of the total[200].