Financial Performance - The company's revenue for Q1 2022 was ¥354,719,667.08, representing a 3.50% increase compared to ¥342,717,122.42 in the same period last year[5] - Net profit attributable to shareholders was ¥78,845,028.75, a significant increase of 537.38% from a loss of ¥18,026,778.35 in the previous year[5] - Basic earnings per share improved to ¥0.110, compared to a loss of ¥0.030 per share in the previous year, reflecting a 466.67% increase[5] - Total operating revenue for Q1 2022 was CNY 354.72 million, an increase of 3.0% compared to CNY 342.72 million in Q1 2021[26] - Net profit for Q1 2022 was CNY 78.85 million, a significant recovery from a net loss of CNY 18.03 million in the same period last year[27] Cash Flow - The net cash flow from operating activities reached ¥22,663,090.00, marking a 302.83% increase from ¥5,625,905.37 in the same period last year[5] - The company's cash flow from operating activities was CNY 209.93 million, down from CNY 452.33 million in the previous year[30] - The total cash inflow from operating activities was CNY 239,671,432.60, while cash outflow was CNY 217,008,342.60, leading to a positive net cash flow[31] - Total cash inflow from financing activities was CNY 23,300,817.94, while cash outflow was CNY 46,084,492.24, resulting in a net cash flow of -CNY 22,783,674.30[32] - The cash and cash equivalents at the end of Q1 2022 amounted to CNY 76,645,080.76, down from CNY 168,411,614.15 at the end of Q1 2021[32] Assets and Liabilities - Total assets decreased by 1.40% to ¥4,439,303,465.46 from ¥4,502,265,170.67 at the end of the previous year[6] - Total liabilities decreased to CNY 4.26 billion from CNY 4.40 billion, a reduction of 3.2%[24] - The company's total current assets amounted to RMB 3.36 billion, a decrease from RMB 3.41 billion at the beginning of the year[22] - The company's total non-current liabilities were CNY 139.19 million, slightly down from CNY 141.05 million[24] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 36,071[14] - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 39.22% of the shares, with 261,024,996 shares pledged[14] - The company plans to reduce its shares by up to 57,340,800 shares (8.00% of total shares) within six months from January 5, 2022[17] Research and Development - Research and development expenses decreased by 33.81% to ¥3,774,054.38, as the company shifted focus towards the new energy sector[11] - Research and development expenses for Q1 2022 were CNY 3.77 million, down from CNY 5.70 million, indicating a decrease of 33.8%[26] New Energy Business - The revenue from the new energy business reached RMB 264.57 million, accounting for 74.58% of total operating revenue, marking a historical high for the business segment[19] - The company plans to continue investing in new energy production facilities, as indicated by a 394.90% increase in cash paid for fixed asset construction[12] Other Financial Information - The company reported non-recurring gains of ¥63,836,158.33, primarily from government subsidies and investment income[8] - The company signed a total contract for a 300MW photovoltaic project worth RMB 1.35 billion[18] - The company reported a cumulative litigation and arbitration amount of approximately RMB 149.96 million as of the disclosure date[17] - The company did not conduct an audit for the Q1 2022 report, indicating that the figures are unaudited[33] - The company experienced a negative impact of -CNY 549.06 from exchange rate fluctuations on cash and cash equivalents[32]

Financial Performance - The company experienced a significant decline in performance, reporting a total impairment loss of approximately 1,308.35 million CNY, including 846.29 million CNY in credit impairment losses and 462.05 million CNY in asset impairment losses[5]. - The company's operating revenue for 2021 was ¥1,429,580,885.28, a decrease of 31.22% compared to ¥2,078,633,676.06 in 2020[24]. - The net profit attributable to shareholders was -¥1,347,833,122.56 in 2021, a decline of 1,767.76% from ¥80,816,729.13 in 2020[24]. - The total assets at the end of 2021 were ¥4,502,265,170.67, down 18.34% from ¥5,513,566,072.65 at the end of 2020[24]. - The net assets attributable to shareholders decreased by 93.14% to ¥100,013,923.88 from ¥1,457,192,149.38 in 2020[24]. - The basic earnings per share for 2021 was -¥1.880, a drop of 1,809.09% compared to ¥0.11 in 2020[24]. - The company reported a total of ¥60,088,513.58 in revenue deductions for 2021, compared to ¥29,025,936.21 in 2020[24]. - The company reported a significant increase in cash flow from operating activities in Q3 2021, reaching ¥433,468,396.73[26]. - The net cash flow from operating activities increased significantly to ¥251,742,033.88, up 1,561.28% from ¥15,153,508.64 in 2020[24]. Business Strategy and Market Position - The company plans to maintain a prudent approach to market development and risk control in response to ongoing pressures from the pandemic and macroeconomic regulations in the real estate sector[5]. - The company is actively engaged in signing new contracts for clean heating projects and total contracting for new energy PC, although project execution has been delayed due to external factors[5]. - The company is committed to expanding its photovoltaic and wind power EPC business, leveraging its project management capabilities[49]. - The company is focusing on the development of prefabricated buildings and green low-carbon construction as part of its future strategy[127]. - The company aims to enhance its brand advantage and select high-quality clients to mitigate operational risks and ensure steady growth in the system doors and windows business[131]. - The company plans to increase research and development investment in high-efficiency photovoltaic components and expand production capacity as needed to strengthen its market position[131]. Industry Trends and Challenges - The photovoltaic module business faced challenges due to fluctuations in the prices of upstream materials, leading to a decline in both revenue and profit from this segment[5]. - The construction decoration industry is transitioning from high-speed growth to high-quality development, with energy-saving standards for new buildings being a key focus[34]. - The company’s window and curtain wall business faced challenges, resulting in losses for the 2021 fiscal year, but it has made breakthroughs in the renewable energy sector to enhance resilience[46]. - The ongoing COVID-19 pandemic poses risks to production and operations, with potential impacts on various business performance metrics[144]. - The company has seen a significant increase in litigation cases due to the Evergrande incident, leading to further impairment losses being recognized in accordance with accounting standards[145]. Research and Development - The company is actively engaged in the research and development of energy-saving technologies and products, aligning with national policies for urban renewal and energy efficiency[39]. - The company added 15 new photovoltaic technology patents during the reporting period, bringing the total to 138 patents[48]. - The company is committed to technological innovation, focusing on the research and development of high-efficiency photovoltaic battery components and upgrading production capabilities[59]. - The company has completed the development of a balcony solar thermal window system, which has passed the Ministry of Housing and Urban-Rural Development's technology assessment, and is currently promoting its application in mid-to-high-rise residential buildings[106]. Governance and Compliance - The company adheres to strict governance structures and has established independent operational capabilities separate from its controlling shareholder[149]. - The company is committed to transparent information disclosure, ensuring all investors have equal access to company information[158]. - The company has been proactive in addressing compliance issues following regulatory warnings[177]. - The company has a governance structure that does not include differential voting rights arrangements[164]. Employee and Management Structure - The total number of employees at the end of the reporting period is 804, including 189 at the parent company and 615 at major subsidiaries[191]. - The professional composition includes 182 production personnel, 29 sales personnel, 357 technical personnel, 83 financial personnel, and 153 administrative personnel[191]. - The company has a diverse management team with various roles across multiple subsidiaries and affiliated companies[179]. - The company continues to expand its management structure with executives holding multiple positions across different entities[179]. Future Outlook - The company expects to achieve a contract amount of 7 billion yuan in 2022, with 6 billion yuan from the new energy sector and 1 billion yuan from the doors and windows business[132]. - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[171]. - The management team has emphasized a focus on sustainability, aiming for a 30% reduction in carbon footprint by 2025[171]. - The company plans to enhance asset management and improve asset liquidity by restructuring its existing production bases[136].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, up 10% compared to the same period last year[12]. - The company's operating revenue for the reporting period was ¥716,452,296.69, a decrease of 53.20% compared to the same period last year[18]. - The net profit attributable to shareholders was -¥46,059,197.46, representing a decline of 195.59% year-over-year[18]. - The company achieved a sales revenue of 720 million yuan, a year-on-year decrease of 53.20%[33]. - The net profit for the period was -46 million yuan, representing a year-on-year decline of 195.59%[33]. - The company reported a cash collection of 1.164 billion yuan, down 37.25% year-on-year[33]. - The total operating revenue decreased by 53.20% to CNY 716,452,296.69 compared to CNY 1,530,769,900.18 in the same period last year[63]. - The company reported a total revenue of 1,665.0 million CNY for the first half of 2020[105]. - The company reported a significant increase in other receivables, which rose to CNY 608,318,447.68 from CNY 468,620,216.52, marking a growth of 29.8%[163]. - The total comprehensive income for the first half of 2020 decreased by 48,146,000 RMB compared to the previous period, reflecting a decline of approximately 7.91%[188]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in overseas sales by the end of 2021[12]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share[12]. - The company has shifted its strategic focus to enhance its leading position in the energy-saving doors and windows industry and expand into the Internet + door retail market[27]. - The company aims to improve its customer structure by focusing on top 20 real estate developers and large state-owned real estate clients, resulting in increased business volume from clients like Vanke and Midea[51]. - The company is expanding into the solar photovoltaic sector, which is heavily reliant on national renewable energy policies and subsidies[82]. - The company plans to focus on expanding its market presence and developing new products to enhance revenue streams in the upcoming quarters[190]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[190]. Research and Development - Research and development expenses increased by 25% to RMB 100 million, focusing on new energy-saving technologies[12]. - The company holds a total of 245 patents, with 6 new patents added in the reporting period for energy-saving doors and windows[25]. - The company has increased its R&D investment in the new energy sector, successfully entering the supplier list of the State Power Investment Group during the reporting period[43]. - The company has applied for 41 new patents related to energy-saving windows and curtain walls, solar photovoltaic technology, and intelligent equipment during the reporting period[45]. - Research and development investment decreased by 17.58% year-on-year, totaling 20.3 million CNY[57]. Operational Adjustments - The company has implemented measures to minimize the impact of the COVID-19 pandemic on its operations, including remote work and health monitoring[87]. - The company has established a robust customer structure, enhancing customer quality to mitigate risks from real estate regulation and financial deleveraging[33]. - The company has implemented information technology in project management, significantly improving efficiency and reducing communication costs[48]. - The company has implemented a four-in-one project management model to ensure quality, safety, and cost control[38]. - The company is transitioning from a decentralized to a centralized operational model, focusing on system research and technology services[86]. Financial Position and Assets - The total assets at the end of the reporting period were ¥5,982,368,584.67, down 1.91% from the end of the previous year[18]. - The company's total assets increased to CNY 4,074,276,493.55 as of June 30, 2020, up from CNY 3,976,358,414.17 at the end of 2019[164]. - The company's current assets totaled CNY 5,136,125,449.88, down from CNY 5,256,055,886.49 at the end of 2019, reflecting a decrease of approximately 2.29%[159]. - Cash and cash equivalents decreased to CNY 208,400,584.31 from CNY 274,214,285.09, representing a decline of about 24%[158]. - The inventory value was ¥1.10 billion, which is 18.47% of total assets, reflecting a significant decrease of 26.14% due to reclassification under new revenue standards[68]. Shareholder Information - The total number of shares is 716,760,000, with 99.65% being unrestricted shares[133]. - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 41.66% of the shares, totaling 277,557,396 shares[136]. - The total number of ordinary shareholders at the end of the reporting period was 24,742[136]. - The company did not conduct any repurchase transactions among the top 10 ordinary shareholders during the reporting period[139]. - The total number of restricted shares at the beginning of the period was 2,475,000, with 825,000 shares released during the period, resulting in 3,300,000 restricted shares at the end[135]. Legal and Compliance Matters - The company has no significant litigation or arbitration matters during the reporting period[97]. - The company has ongoing litigation as a plaintiff involving an amount of 45.41 million yuan, which is currently under trial[97]. - The company has ongoing litigation as a defendant involving an amount of 19.67 million yuan, which is currently under trial[97]. - The company has no media-related controversies during the reporting period[98]. - The company has no violations regarding external guarantees during the reporting period[123]. Future Outlook - The overall financial performance indicates a need for strategic adjustments to address the declining trends in income and equity[188]. - The financial report indicates a need for strategic adjustments to improve profitability and equity position[186]. - The company has not provided specific future guidance or outlook for the upcoming quarters[186].

Financial Performance - The company's revenue for Q3 2021 was ¥347,954,586.14, a decrease of 30.42% compared to the same period last year[4] - The net profit attributable to shareholders was -¥2,402,094.00, representing an increase of 60.83% in losses year-over-year[4] - Total revenue for Q3 2021 was CNY 981,198,940.61, a decrease of 19.4% compared to CNY 1,216,530,768.94 in the same period last year[22] - Net loss for Q3 2021 was CNY 57,590,112.28, compared to a net loss of CNY 52,192,223.83 in Q3 2020, reflecting a decline of 10.3%[23] - The company’s basic earnings per share were -¥0.0034, reflecting a 66.00% increase in losses compared to the same period last year[5] - Basic and diluted earnings per share for Q3 2021 were both -0.08 CNY, compared to -0.07 CNY in Q3 2020, indicating a decrease in profitability[24] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥450,394,635.96, showing a significant increase of 1,121.01%[4] - The company reported a significant increase in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, which rose by 2117.97% to approximately ¥134.62 million, reflecting increased investment in new production lines[13] - Cash inflow from operating activities for the current period was 1,976,249,441.65 CNY, up from 1,781,172,579.73 CNY in the previous year, representing an increase of approximately 11%[26] - The net cash flow from operating activities was 450,394,635.96 CNY, significantly higher than 36,887,139.90 CNY in the same period last year[27] - The net cash flow from investing activities was -134,473,803.33 CNY, a decrease from 173,150,572.54 CNY in the previous year, indicating increased investment outflows[27] - Cash flow from financing activities resulted in a net outflow of -126,310,253.65 CNY, an improvement compared to -225,988,514.27 CNY in the same period last year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,275,166,813.25, an increase of 13.81% from the end of the previous year[5] - Total assets increased to CNY 6,275,166,813.25, up 13.8% from CNY 5,513,566,072.65 at the end of the previous year[20] - Total liabilities rose to CNY 4,878,262,038.32, an increase of 20.3% compared to CNY 4,056,373,923.27 in the previous year[20] - The company has a total of CNY 715,488,015.61 in contract liabilities, indicating future revenue obligations[32] Operational Metrics - The total operating costs for Q3 2021 were CNY 1,083,931,814.44, down 18.6% from CNY 1,330,362,242.94 year-over-year[22] - The company reported a decrease in cash received from operating activities by 73.34% to approximately ¥114.35 million, primarily due to reduced cash inflows from operational transactions compared to the previous year[11] - The company reported long-term borrowings of CNY 2,723,785.70, indicating a low level of debt[32] Other Financial Indicators - Financial expenses decreased by 46.76% to approximately ¥70.92 million, primarily due to reduced interest expenses from financial institution borrowings compared to the same period last year[11] - Other income fell by 38.04% to approximately ¥10.06 million, attributed to fewer government subsidies received[11] - Credit impairment losses decreased by 56.16% to approximately ¥19.76 million, primarily due to fewer bad debt reversals compared to the previous year[11] - Asset impairment losses surged by 1541.79% to approximately ¥3.64 million, mainly due to the reversal of impairment provisions for contract assets during the reporting period[11] - The income tax expense decreased by 42.06% to approximately -¥14.99 million, mainly due to the recognition of deferred tax assets from losses incurred by subsidiaries during the reporting period[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,060, with the largest shareholder, Jiayu Xinxin Investment (Group) Co., Ltd., holding 41.66% of the shares[15] Accounting and Reporting - The report indicates that the third-quarter financials were not audited, which may affect investor confidence[33] - The company is implementing new leasing standards, which required adjustments to the financial statements, indicating a shift in accounting practices[29]

Financial Performance - Total revenue for the first half of 2019 was CNY 1,530,769,900.18, a decrease of 18.07% compared to CNY 1,868,404,594.56 in the same period last year[18]. - Net profit attributable to shareholders was CNY 48,183,761.49, down 14.01% from CNY 56,032,348.40 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was CNY 42,682,374.05, a decline of 16.36% compared to CNY 51,033,003.00 in the previous year[18]. - Basic earnings per share decreased to CNY 0.07, down 12.50% from CNY 0.08 in the previous year[18]. - The company achieved a sales revenue of 1.531 billion yuan, a year-on-year decrease of 18.07%, while cash collections reached 1.855 billion yuan, an increase of 22.94%[35]. - The company reported a significant increase of 1,933.99% in cash flow from investment activities, amounting to RMB 451.49 million, mainly from asset disposals[55]. - The total profit for the first half of 2019 was CNY 57,530,842.44, a decline of 14.6% from CNY 67,359,871.62 in the previous year[158]. - The company's operating profit was CNY 59,254,327.72, a decrease of 13.8% from CNY 68,785,898.27 in the same period of 2018[158]. - The net cash flow from operating activities improved to -CNY 199,520,920.49, a 46.20% increase from -CNY 370,849,348.98 in the same period last year[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,324,757,311.47, a decrease of 6.49% from CNY 6,763,539,012.01 at the end of the previous year[18]. - The company's total liabilities decreased to CNY 4,911,369,088.01 as of June 30, 2019, from CNY 5,392,658,598.62 at the end of 2018, representing a reduction of 8.91%[150]. - Current liabilities totaled CNY 4,326,223,581.75, down 9.76% from CNY 4,795,634,750.26 at the end of 2018[150]. - The asset-liability ratio decreased from 79.73% at the beginning of the year to 77.65%, reflecting enhanced financial stability[55]. - Cash and cash equivalents decreased to CNY 307,961,047.3, down 6.48% from CNY 767,410,082.16 in the previous year, reflecting a significant change in asset composition[65]. Cash Flow - The net cash flow from operating activities for the first half of 2019 was -199,520,920.49 CNY, an improvement from -370,849,348.98 CNY in the same period of 2018, indicating a 46% reduction in losses[166]. - Total cash inflow from operating activities decreased to 1,532,299,185.13 CNY in 2019 from 1,611,036,279.24 CNY in 2018, reflecting a decline of approximately 4.9%[166]. - Cash outflow from operating activities also decreased to 1,731,820,105.62 CNY in 2019 from 1,981,885,628.22 CNY in 2018, showing a reduction of about 12.6%[166]. - The total cash and cash equivalents at the end of the first half of 2019 were 209,511,520.23 CNY, down from 649,876,669.39 CNY at the end of the first half of 2018, a decrease of about 67.7%[167]. Research and Development - The company increased R&D investment by 27.83% to RMB 24.62 million, focusing on technological innovation in photovoltaic and intelligent equipment sectors[55]. - Research and development expenses rose to CNY 6,642,851.12, an increase of 57.3% compared to CNY 4,226,973.52 in the first half of 2018[160]. - The company has applied for 62 new patents related to windows and curtain walls, photovoltaic thermal, and intelligent equipment, with a total of 458 authorized patents[42]. Market Position and Strategy - The company is recognized as the top brand in the energy-saving doors and windows industry in China and has established long-term strategic partnerships with major real estate companies like Evergrande and Vanke[25][33]. - The company aims to strengthen cooperation with the top 20 real estate companies in China to enhance its market position[33]. - The company has formed strategic partnerships with major real estate developers to mitigate risks associated with real estate market fluctuations, enhancing the resilience of its energy-saving doors and windows business[77]. - The company is expanding into solar photovoltaic and intelligent equipment robotics while maintaining its core business in doors and windows, which has been established for over 30 years[76]. Corporate Governance - The company has a stable management team with an average tenure of over 12 years and 45% of its workforce holding a bachelor's degree or higher[43]. - The company has not distributed cash dividends or bonus shares for the half-year period[83]. - The company has no significant equity investments or fundraising activities during the reporting period, indicating a focus on internal growth[67]. Social Responsibility - The company is actively involved in national poverty alleviation projects, providing comprehensive solutions from photovoltaic products to applications[34]. - The company successfully implemented photovoltaic poverty alleviation projects with a cumulative installed capacity exceeding 100 MW, benefiting nearly 30,000 impoverished households[53]. Shareholder Information - The total number of shares outstanding is 716,760,000, with 99.65% being unrestricted shares[129]. - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 41.66% of the shares, totaling 298,597,706[131]. - The company has not disclosed any other necessary information as required by securities regulatory authorities[130].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a total revenue of RMB 1.2 billion, representing a year-on-year growth of 15%[14]. - The company's operating revenue for the reporting period was ¥633,244,354.47, a decrease of 11.61% compared to the same period last year[20]. - The net profit attributable to shareholders was -¥55,188,018.28, representing a decline of 19.82% year-over-year[20]. - The company achieved a sales revenue of 633 million yuan, a year-on-year decrease of 11.61%[36]. - The net profit for the period was -55.18 million yuan, representing a year-on-year decline of 19.82%[36]. - The company's basic and diluted earnings per share were both -¥0.08, a decrease of 33.33% compared to the previous year[20]. - The company's total liabilities decreased to CNY 1,200,000,000.00 in the first half of 2021 from CNY 1,500,000,000.00 in the same period of 2020, indicating improved financial health[165]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 264.12%, reaching ¥16,926,239.23[20]. - The total assets at the end of the reporting period amounted to ¥5,849,719,742.24, reflecting a growth of 6.10% compared to the end of the previous year[20]. - The company's cash and cash equivalents stood at CNY 348,100,812.33, slightly up from CNY 343,479,406.25 at the end of 2020, showing a marginal increase of about 1.91%[151]. - The company's total current assets reached CNY 5,133,245,259.51, up from CNY 4,792,410,964.23 at the end of 2020, indicating an increase of about 7.15%[152]. - The company's cash flow generated from operating activities increased significantly by 264.12% to ¥16,926,239.23, primarily due to reduced cash outflows[50]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 20% compared to the same period last year, reaching a total of 500,000 active users[14]. - Market expansion efforts include entering two new provinces, which are projected to increase market share by 5%[14]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with potential targets identified in the industry[14]. - The company is focusing on expanding its solar energy business and enhancing its retail window and door operations to mitigate risks associated with the real estate market[74]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[165]. Research and Development - The company is investing RMB 50 million in R&D for new technologies aimed at enhancing product performance and sustainability[14]. - The company added 20 new patents in the window and curtain wall technology during the reporting period, bringing the total to 275 patents[28]. - Research and development investment was ¥17,403,941.97, down 14.25% from the previous year, indicating a potential focus shift[50]. Operational Efficiency - The company has implemented cost control measures that are expected to reduce operational expenses by 8% in the next quarter[14]. - The company's operating costs decreased by 11.28% to ¥569,228,621.58, reflecting improved cost management[49]. - The company has implemented an advanced quality control system certified by international standards, enhancing production efficiency and customer satisfaction[40]. Risks and Challenges - The management has highlighted potential risks including market competition and supply chain disruptions, which will be closely monitored[14]. - The company faces risks from macroeconomic cycles and industry policies, particularly in the real estate sector, which could impact its window and door business[73]. - The company is addressing potential risks from the COVID-19 pandemic by implementing remote work and project management solutions[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 41,573[136]. - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 298,597,706 shares, representing 41.66% of the total shares[137]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[84]. Subsidiaries and Contracts - The company signed contracts for 350MW of new energy EPC projects, with a total contract value of ¥18.35 billion[30]. - The company established four new subsidiaries during the reporting period, with one subsidiary incurring a loss of 102,976.33 CNY[72]. - The company has ongoing contracts with significant amounts, including a contract worth 8,350.24 million with China State Construction Engineering Corporation, generating sales revenue of 1,303.33 million[128]. Environmental and Regulatory Compliance - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[88]. - The company has no major environmental penalties or corrective actions during the reporting period[99]. - There were no significant lawsuits or arbitration matters during the reporting period[98].

Financial Performance - The company's operating revenue for Q1 2021 was ¥342,717,122.42, representing a 62.68% increase compared to ¥210,663,876.77 in the same period last year[7] - The net profit attributable to shareholders was -¥18,026,778.35, an improvement of 56.40% from -¥41,347,509.31 year-on-year[7] - The net cash flow from operating activities was ¥5,625,905.37, a significant turnaround from -¥29,060,362.13 in the previous year, marking a 116.09% change[7] - The basic earnings per share for the period was -¥0.03, a 58.08% improvement from -¥0.06 in the same period last year[7] - The weighted average return on equity was -1.24%, slightly better than -1.33% in the previous year[7] - The company reported a revenue of 342.72 million, a year-on-year increase of 62.68% due to the previous year's pandemic impact on production capacity[17] - The company's operating costs increased to 308.13 million, reflecting a 60.13% rise compared to the previous year, also influenced by pandemic-related revenue reductions[17] - The company’s net profit attributable to shareholders was -18.03 million, a 56.40% improvement year-on-year, reflecting operational recovery[17] - The company reported no significant changes in net profit or major losses compared to the previous year, indicating stability in financial performance[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,000,813,945.07, down 9.30% from ¥5,513,566,072.65 at the end of the previous year[7] - The net assets attributable to shareholders decreased by 1.24% to ¥1,439,120,608.19 from ¥1,457,192,149.38 at the end of the last year[7] - The company's current assets totaled CNY 4,287,738,098.25, down from CNY 4,792,410,964.23, indicating a decrease of about 10.5%[36] - The total liabilities decreased to CNY 3,561,693,336.88 from CNY 4,056,373,923.27, a reduction of approximately 12.2%[38] - The total equity attributable to shareholders decreased to CNY 1,439,120,608.19 from CNY 1,457,192,149.38, reflecting a decline of approximately 1.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,173[11] - The largest shareholder, 嘉寓新新投资（集团）有限公司, held 41.66% of the shares, totaling 298,597,706 shares[11] Research and Development - Research and development expenses decreased by 37.55% to 5.70 million, indicating a reduction in investment during the reporting period[17] - Research and development expenses for Q1 2021 were CNY 5,702,055.21, down from CNY 9,131,103.50 in the previous year[45] Operational Strategy and Market Position - The company is a leading player in the system doors and windows industry, with strong stability and innovation capabilities, and has a competitive advantage in the mid-to-high-end market[23] - The company is expanding its photovoltaic new energy business to reduce reliance on the single door and window main business, leveraging its nationwide production base for rapid growth in photovoltaic power station EPC business[23] - The company is transitioning from a decentralized to a centralized operational strategy in the door and window industry, focusing on system research and technical services while integrating resources in green building and photovoltaic sectors[24] - The company plans to expand its solar thermal technology and product offerings to enhance user experience and reduce production costs[17] Risk Management - The company faces risks related to macroeconomic cycles and industry policies, particularly in the real estate and renewable energy sectors[20] - The company has formed strategic partnerships with high-quality domestic clients to mitigate operational risks from real estate market fluctuations and is actively developing its door and window retail business to enhance risk resilience[21] - The ongoing COVID-19 pandemic poses risks to the company's operations, with potential impacts on performance if the international situation does not improve or if domestic outbreaks occur[25] - The company is committed to risk assessment and control, enhancing human resource reserves, and improving management efficiency to address uncertainties during its business transformation[24] - The company is implementing government pandemic prevention measures and utilizing digital platforms to support remote work and project execution to mitigate pandemic impacts[25] Cash Flow and Financing - Cash flow from operating activities generated a net inflow of 5,625,905.37 CNY, a recovery from -29,060,362.13 CNY in the same quarter last year[54] - The company incurred a cash outflow of 93,127,027.75 CNY in financing activities, compared to 658,569,831.47 CNY in the previous year[55] - The cash inflow from financing activities amounted to 70,000,000.00, while the cash outflow was 59,294,561.87, resulting in a net cash flow of 10,705,438.13[58] Compliance and Governance - The company has made commitments regarding related party transactions to ensure shareholder interests are protected and to avoid conflicts of interest[28] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[31][32] - The first quarter report was not audited, which may affect the reliability of the financial data presented[60]

Financial Performance - The company's revenue for Q1 2021 was ¥342,717,122.42, representing a 62.68% increase compared to ¥210,663,876.77 in the same period last year[7] - The net profit attributable to shareholders was -¥18,026,778.35, an improvement of 56.40% from -¥41,347,509.31 year-on-year[7] - The net cash flow from operating activities was ¥5,625,905.37, a significant turnaround from -¥29,060,362.13 in the previous year, marking a 116.09% change[7] - The basic earnings per share were -¥0.03, a 58.08% improvement from -¥0.06 in the same period last year[7] - The weighted average return on net assets was -1.24%, slightly better than -1.33% in the previous year[7] - The company reported a net profit attributable to shareholders of CNY -18.03 million, an increase of 56.40% year-on-year, indicating improved performance despite a loss[17] - The net loss for Q1 2021 was CNY 18,026,778.35, compared to a net loss of CNY 41,347,509.31 in the same period last year[46] - The total comprehensive loss for Q1 2021 was CNY 18,071,541.19, compared to CNY 41,464,773.16 in the same period last year[47] - The net profit for the first quarter of 2021 was -2,307,825.91 CNY, a significant improvement from -21,230,534.75 CNY in the same period last year, indicating a reduction in losses[50] - Operating profit for the first quarter was -2,636,174.52 CNY, compared to -24,923,006.35 CNY in the previous year, showing a substantial decrease in operating losses[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,000,813,945.07, down 9.30% from ¥5,513,566,072.65 at the end of the previous year[7] - The company's current assets totaled CNY 4,287,738,098.25, down from CNY 4,792,410,964.23 at the end of 2020, indicating a decrease of about 10.5%[36] - The total liabilities decreased to CNY 3,561,693,336.88 from CNY 4,056,373,923.27, a reduction of approximately 12.2%[38] - The company's short-term borrowings were reduced to CNY 385,690,304.23 from CNY 631,920,121.12, indicating a decrease of about 38.9%[38] - The total equity attributable to shareholders of the parent company was CNY 1,439,120,608.19, down from CNY 1,457,192,149.38, a decline of approximately 1.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,173[11] - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., held 41.66% of the shares, totaling 298,597,706 shares[11] Operational Insights - Operating costs amounted to CNY 308.13 million, reflecting a 60.13% increase compared to the previous year, primarily due to reduced income in the same period last year caused by the pandemic[17] - Accounts receivable financing decreased by 73.91% to CNY 178.28 million, mainly due to a reduction in notes receivable during the reporting period[15] - The company’s research and development expenses decreased by 37.55% to CNY 5.70 million, indicating a reduction in R&D investment during the reporting period[15] - The company’s short-term borrowings decreased by 38.97% to CNY 385.69 million, primarily due to loan repayments made by the parent company[15] Market Position and Strategy - The company is a leading player in the system doors and windows industry, with strong stability and independent innovation capabilities, which positions it favorably against competitors in the mid-to-high-end market[23] - The company is expanding its photovoltaic new energy business to reduce risks associated with its primary doors and windows operations, leveraging its nationwide production base to rapidly develop photovoltaic power station EPC business[23] - The company is transitioning from a decentralized to a centralized operational strategy in the doors and windows industry, focusing on system research and technical services, while also expanding into green building and photovoltaic thermal fields[24] Risk Factors - The company faces risks related to macroeconomic cycles and industry policies, particularly in the real estate and renewable energy sectors, which could impact profitability[20] - The ongoing COVID-19 pandemic poses risks to the company's operations, particularly if international conditions do not improve or if domestic outbreaks occur, which could challenge the company's performance[25] Governance and Compliance - The company has made commitments regarding non-competition and related party transactions to protect shareholder interests, ensuring compliance with corporate governance standards[28] - There were no violations regarding external guarantees during the reporting period, reflecting sound financial governance[31] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[31] Cash Flow and Financing - Cash flow from operating activities generated a net inflow of 5,625,905.37 CNY, a recovery from a net outflow of -29,060,362.13 CNY in the same quarter last year[54] - The net cash flow from financing activities was 30,985,784.73 CNY, a turnaround from -147,769,831.47 CNY in the same quarter last year[55] - The ending balance of cash and cash equivalents was -28,088,385.85 CNY, compared to 150,090,972.82 CNY at the end of the previous year, indicating a cash deficit[55] - The company reported cash inflows from operating activities of 477,612,596.41 CNY, down from 829,626,804.43 CNY in the same period last year[54] - Cash outflows for purchasing goods and services amounted to 380,750,733.82 CNY, compared to 617,346,007.08 CNY in the previous year, indicating a reduction in expenditure[54]

1 北京嘉寓门窗幕墙股份有限公司 2020 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。 北京嘉寓门窗幕墙股份有限公司 2020 年第三季度报告全文 北京嘉寓门窗幕墙股份有限公司 2020 年第三季度报告 2020 年 10 月 所有董事均已出席了审议本次季报的董事会会议。 公司负责人田新甲、主管会计工作负责人黄秋艳及会计机构负责人(会计主 管人员)赵艳清声明：保证季度报告中财务报表的真实、准确、完整。 2 北京嘉寓门窗幕墙股份有限公司 2020 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） | 5,992,574,454.16 | 6,098,650,790.55 | | -1.74% | | 归属于上市公司股东的净资产 （元） | ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, up 10% compared to the same period last year[12]. - The company's operating revenue for the reporting period was ¥716,452,296.69, a decrease of 53.20% compared to the same period last year[18]. - The net profit attributable to shareholders was -¥46,059,197.46, representing a decline of 112.75% year-over-year[18]. - The net profit after deducting non-recurring gains and losses was -¥49,807,542.45, a decrease of 216.69% compared to the previous year[18]. - The company achieved a sales revenue of 720 million yuan, a year-on-year decrease of 53.20%[34]. - The net profit for the period was -46 million yuan, representing a year-on-year decline of 112.75%[34]. - The company reported a cash collection of 1.164 billion yuan, down 37.25% year-on-year[34]. - The company reported a total revenue of 1,665.0 million yuan for the first half of 2020, with a year-on-year growth of 22,277 million yuan[102]. - The total revenue for the first half of 2020 was approximately ¥716.45 million, a decrease of 53.20% compared to ¥1.53 billion in the same period last year[63]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in overseas sales by the end of 2021[12]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[12]. - The company has adjusted its strategic development plan to focus on expanding the internet + door and window retail market and enhancing technology investment in photovoltaic components[27]. - The company plans to divest its high-end intelligent equipment business, transferring 100% equity of its subsidiary for ¥280 million to concentrate resources on photovoltaic and energy-saving door and window businesses[27]. - The company aims to improve cash flow by accelerating project management and clearing old accounts receivable through legal means[53]. - The company aims to expand its solar energy and intelligent equipment sectors while mitigating risks associated with macroeconomic cycles[80]. - The company has formed strategic partnerships with major real estate developers to enhance its resilience against market fluctuations[81]. Research and Development - Research and development expenses increased by 25% to RMB 100 million, focusing on new energy-efficient products[12]. - The company holds a total of 245 patents, with 6 new patents added in the reporting period for energy-saving doors and windows[25]. - The company has applied for 41 new patents related to energy-saving windows and curtain walls, solar photovoltaic thermal, and intelligent equipment, with a total of 530 authorized patents[46]. - Research and development investment was 20.30 million yuan, down 17.58% year-on-year, influenced by the pandemic[58]. - Research and development expenses for the first half of 2020 were CNY 20,296,365.54, down from CNY 24,624,364.37 in the same period of 2019, reflecting a decrease of 17%[163]. Operational Challenges - The company has faced significant impacts from the COVID-19 pandemic, leading to delays in project commencement and reduced sales revenue[34]. - The gross margin for the first half of 2020 was reported at 35%, a slight decrease from 37% in the same period last year[12]. - The company reported a significant decline in window and door sales, generating ¥389.37 million, which is a 17.18% decrease from ¥1.09 billion last year[63]. - The company has established a robust customer structure, focusing on core high-quality clients, which has helped mitigate risks from real estate regulations and financial deleveraging[34]. - The competitive landscape in the energy-saving window and door market is intense, with strong competitors posing risks to profitability[82]. Financial Position and Assets - The total assets at the end of the reporting period were ¥5,982,368,584.67, down 1.91% from the end of the previous year[18]. - Cash and cash equivalents at the end of the reporting period were approximately ¥208.40 million, down from ¥274.21 million, a decrease of 1.02% in proportion to total assets[67]. - Accounts receivable amounted to ¥1.42 billion, representing 23.66% of total assets, a decrease of 3.02% compared to the previous year[67]. - The company's total liabilities decreased to CNY 4,640,046,860.58 from CNY 4,709,055,693.79, a decline of approximately 1.47%[157]. - The company's equity attributable to shareholders decreased to CNY 1,342,321,724.09 from CNY 1,389,595,096.76, reflecting a decrease of about 3.39%[158]. Corporate Governance and Compliance - The company did not distribute cash dividends or issue new shares during the reporting period[89]. - The company has no significant litigation or arbitration matters during the reporting period[94]. - The company has ongoing litigation as a plaintiff involving an amount of 45.41 million yuan, which is currently under trial[94]. - The company has a concluded case as a plaintiff involving 15.15 million yuan, where the defendant has not fulfilled payment obligations[94]. - The company has a concluded case as a defendant involving 10.02 million yuan, where it is required to fulfill payment obligations[94]. Employee and Shareholder Information - The company has a total workforce of 943 employees, with 33% holding a bachelor's degree or higher, and an average industry experience of over ten years among the core management team[48]. - The total number of shares before the recent change was 716,760,000, with a change resulting in 713,460,000 shares after a reduction of 825,000 shares[130]. - The total number of ordinary shareholders at the end of the reporting period is 24,742[133]. - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., holds 41.66% of the shares, totaling 298,597,706 shares[133]. - The company has 29 subsidiaries, all of which are 100% owned, indicating a strong control over its operations[195][196].