Financial Performance - The company's operating revenue for the first half of 2022 was ¥754,601,117.94, a decrease of 11.84% compared to ¥855,926,376.76 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was -¥39,198,214.03, representing a decline of 223.02% from ¥31,863,216.10 in the previous year[24]. - The net cash flow from operating activities decreased by 42.15%, amounting to ¥133,296,479.92 compared to ¥230,419,809.57 in the same period last year[24]. - The basic earnings per share were -¥0.0681, a drop of 222.92% from ¥0.0554 in the previous year[24]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was -¥30,127,429.96 compared to ¥25,941,628.83 in the previous year, a decrease of 216.14%[24]. - The weighted average return on net assets was -2.01%, down from 1.86% in the previous year, reflecting a decrease of 3.87%[24]. - The company reported a net profit for the period of CNY -39.20 million, representing a year-on-year decline of 223.02%[50]. - The company reported a total revenue of 89.83 million yuan for the first half of 2022[126]. - The net profit for the first half of 2022 was a loss of CNY 36,329,669.92, compared to a profit of CNY 33,484,722.55 in the first half of 2021[187]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,714,184,756.40, an increase of 4.99% from ¥3,537,581,997.40 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company decreased by 1.46%, totaling ¥1,935,545,980.74 compared to ¥1,964,322,211.67 at the end of the previous year[24]. - Cash and cash equivalents decreased by 58.69% to CNY 56.77 million, primarily due to previous fundraising activities[50]. - The company's total liabilities increased to CNY 1,783,531,390.74 from CNY 1,572,901,594.66, reflecting a rise of about 13.36%[181]. - The company's total equity decreased to CNY 1,930,653,365.66 from CNY 1,964,680,402.74, reflecting a decline of about 1.73%[181]. Research and Development - The company reported a research and development investment of ¥31,530,019.22, accounting for 4.18% of its operating revenue[39]. - Research and development expenses amounted to CNY 31.53 million, a decrease of 5.82% compared to the previous year[50]. - The company is focusing on technological innovation, with ongoing R&D in hydrogen fuel cell systems and other advanced technologies[39]. - The company is focusing on the development of hydrogen fuel cell technology and related products as part of its strategic initiatives[73]. Market Challenges and Opportunities - The company faced significant challenges in market development and logistics due to local COVID-19 outbreaks, impacting order delivery and sales performance[37]. - The sales of the company's LNG vehicle-mounted gas supply systems significantly declined, negatively affecting overall business performance[37]. - The company is actively expanding its overseas market presence, with steady growth in orders for heavy equipment and LNG unloading equipment[37]. - The company aims to reverse the negative performance trend by exploring future business opportunities in natural gas applications and heavy-duty vehicles[38]. - The company faces risks from international geopolitical tensions, high commodity price volatility, and tight energy supply, impacting its overseas strategy and LNG vehicle gas supply system sales[97]. Investment and Financing - The company reported a significant increase in investment income of 28,123.66% due to the recognition of financial product returns[50]. - The total amount of funds raised by the company was approximately RMB 471.07 million, with a net amount of RMB 459.41 million after deducting issuance costs[69]. - The company plans to reduce the investment amount for the LNG high-pressure direct injection gas supply system project by CNY 40 million to enhance the efficiency of fund usage[49]. - The company has made substantial equity investments, including a new partnership in hydrogen fuel cell technology[64]. - The company has engaged in derivative investments, with a total initial investment amount of 47.1 million CNY in foreign exchange forward contracts[81]. Corporate Governance and Compliance - The company has not disclosed any issues regarding the use of raised funds, ensuring compliance with disclosure requirements[70]. - The company has committed to timely information disclosure in accordance with Shenzhen Stock Exchange regulations[82]. - The company has not reported any significant changes in the feasibility of the projects due to the adjustments made[78]. - The company has not encountered any major risks or significant changes in operations during the reporting period[146]. Shareholder Information - The company held five shareholder meetings during the reporting period, with investor participation rates ranging from 7.54% to 7.71%[104]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[106]. - The total number of shares is 575,406,000, with 100% ownership by the shareholders[158]. - The company has a total of 60,782 shareholders at the end of the reporting period[161].

Financial Performance - The company's operating revenue for 2021 was ¥1,586,778,588.92, a decrease of 12.14% compared to ¥1,806,080,635.56 in 2020[22] - The net profit attributable to shareholders was ¥42,204,185.31, down 40.90% from ¥71,416,882.32 in the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥8,393,316.72, a decline of 80.71% compared to ¥43,520,957.04 in 2020[22] - Basic earnings per share decreased by 46.67% to ¥0.08 from ¥0.15 in the previous year[22] - The total assets at the end of 2021 were ¥3,537,581,997.40, a slight decrease of 0.06% from ¥3,539,878,042.36 in 2020[22] - The net assets attributable to shareholders increased by 34.25% to ¥1,964,322,211.67 from ¥1,463,203,967.55 in 2020[22] - The company reported a significant increase in cash flow from operations, indicating improved liquidity and operational efficiency[22] - The company reported a gross margin of 19.26% in the specialized equipment manufacturing sector, down from the previous year[66] - The specialized equipment manufacturing segment contributed ¥1.52 billion, accounting for 95.56% of total revenue, with a year-on-year decline of 12.59%[64] - The LNG sales and operation services segment saw a significant increase of 310.71%, generating ¥235.63 million in revenue, up from ¥57.37 million in 2020[64] Cash Flow and Investments - The net cash flow from operating activities increased by 191.88% to ¥293,088,798.64 from ¥100,412,618.30 in 2020[22] - The company achieved a total cash inflow from operating activities of CNY 2,334,540,401.34, an increase of 84.20% year-on-year[80] - Investment activities resulted in a net cash outflow of CNY 422,544,057.56, a significant increase of 1,871.48% compared to the previous year[81] - The company successfully issued approximately 104 million new shares, raising about ¥471 million, with a net amount of approximately ¥459 million after expenses[61] - The company plans to utilize refinancing funds to expand the industrial scale of LNG ship loading and unloading arms, aiming to accelerate product updates and diversification[55] Research and Development - The company invested CNY 77,538,853.94 in R&D, accounting for 4.89% of its operating revenue, and holds 250 authorized patents, including 47 invention patents[44] - The company applied for 61 patents in 2021, with 22 being invention patents and 39 utility model patents, focusing on innovations in hydrogen fuel cell vehicle systems and LNG-related technologies[44] - The company is developing a liquid hydrogen supply system for fuel cell heavy trucks, currently in the sample testing phase, aiming for commercialization[75] - The company is also working on an automatic docking system for marine arms, which is currently in the development stage, aimed at improving operational efficiency and safety[75] - The company plans to enhance its product technology reserves through ongoing R&D projects, contributing to future market competitiveness[75] Market Position and Strategy - The company is focused on enhancing its market position and exploring new strategies for growth in the upcoming fiscal year[22] - The company aims to become a leading player in the LNG equipment sector by replacing imported products with domestically produced alternatives, enhancing its market competitiveness[56] - The company is actively exploring a new business model that integrates advanced manufacturing with modern service industries, particularly in the development of small LNG liquefaction plants in remote areas[36] - The company is focused on expanding its market presence in the natural gas production sector through its subsidiaries[112] - The company plans to focus on expanding its market presence in overseas tank containers and high-end low-temperature storage tanks[58] Challenges and Risks - LNG vehicle sales in 2021 decreased significantly to 5.93 million units, down 58% compared to 2020, reflecting challenges in the market[32] - The company’s LNG vehicle-mounted gas supply system faced unprecedented difficulties due to a significant decline in domestic LNG heavy truck sales, impacted by rising natural gas prices and inventory clearance of "National V" diesel vehicles[43] - The company faces risks from international market volatility, including geopolitical tensions and fluctuating commodity prices, which may impact its overseas strategies[123] - The ongoing COVID-19 pandemic continues to pose operational challenges, affecting production and logistics, which the company is actively managing[124] - The company is addressing the risk of raw material price fluctuations, particularly for stainless steel, by optimizing its supply chain and reducing material consumption[125] Governance and Compliance - The company has established a robust internal control system and governance structure to ensure compliance and protect shareholder rights[132] - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced decision-making process[134] - The company has a dedicated audit committee to oversee internal and external audits, enhancing financial oversight[138] - The company emphasizes transparent communication with investors through various channels, including investor calls and email[137] - The company has implemented strict internal controls and governance structures, ensuring compliance with relevant laws and regulations[190] Environmental Responsibility - Environmental management efforts include investments in pollution control facilities, achieving stable compliance in wastewater and waste gas emissions[194] - The company has established a comprehensive environmental monitoring plan, with third-party monitoring results meeting regulatory requirements[196] - The company is committed to promoting industry progress and actively responds to the national low-carbon economy initiative by investing significant resources in the research and development of energy-saving and environmentally friendly new products[198] - The company strictly adheres to environmental regulations and standards for effective comprehensive treatment of wastewater, waste gas, and solid waste, enhancing recycling efforts[198] - The company aims to achieve a balance between economic benefits and social responsibility, promoting coordinated development with society and the environment[198]

Financial Performance - The company's operating revenue for Q1 2022 was ¥272,268,723.15, a decrease of 32.15% compared to ¥401,258,023.43 in the same period last year[3]. - The net profit attributable to shareholders was -¥21,774,277.74, representing a decline of 317.55% from a profit of ¥10,008,986.99 in the previous year[3]. - The net profit for the first quarter was a loss of CNY 20,940,923.21, compared to a profit of CNY 10,078,491.77 in the same period last year[28]. - The company's weighted average return on equity was -1.11%, down from 0.59% in the previous year, indicating a decline in profitability[3]. - The basic and diluted earnings per share were both CNY -0.0378, compared to CNY 0.0174 in the previous year[28]. Cash Flow - The net cash flow from operating activities increased by 224.55% to ¥183,625,607.58, up from ¥56,578,471.13 in the same period last year[9]. - The cash inflow from operating activities amounted to CNY 446,825,207.57, an increase of 11.1% compared to CNY 401,946,229.43 in the previous period[30]. - The cash inflow from investment activities totaled CNY 304,388,108.83, compared to CNY 237,555.77 in the previous period[31]. - The net cash flow from investment activities was CNY 5,753,153.65, recovering from a negative CNY 41,819,758.81 in the previous year[31]. - The cash inflow from financing activities was CNY 170,269,105.70, down from CNY 654,259,599.21 in the previous period[31]. - The net cash flow from financing activities showed a decline to -CNY 48,863,091.29 from CNY 425,335,389.78 in the previous year[31]. - The total cash and cash equivalents at the end of the period were CNY 340,845,487.97, down from CNY 719,057,843.57 at the end of the previous period[31]. - The company received CNY 301,000,000.00 from the recovery of investments during the quarter[30]. - The cash paid for purchasing goods and services decreased to CNY 186,471,627.10 from CNY 257,526,411.87 in the previous period[30]. - The company reported a cash inflow of CNY 5,694,121.95 from tax refunds, slightly increasing from CNY 5,561,130.56 in the previous period[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,646,319,766.61, reflecting a 3.07% increase from ¥3,537,581,997.40 at the end of the previous year[3]. - The company's total assets increased to CNY 3,646,319,766.61 from CNY 3,537,581,997.40[24]. - Total liabilities rose to CNY 1,714,503,801.23, up from CNY 1,572,901,594.66[24]. - The equity attributable to shareholders of the parent company decreased to CNY 1,931,198,322.16 from CNY 1,964,322,211.67[24]. - The company reported a total current asset of CNY 2,430,160,270.80 at the end of the period, an increase from CNY 2,312,008,175.33 at the beginning of the year, representing a growth of approximately 5.1%[22]. Expenses and Investments - The company experienced a 48.72% reduction in selling expenses, which amounted to ¥6,542,854.95 compared to ¥12,759,542.63 in the previous year[8]. - The investment income increased by 227.30% to ¥1,014,581.63, attributed to the recognition of income from structured deposit financial products[8]. - The company reported a significant increase in research and development expenses, totaling CNY 14,301,479.14, compared to CNY 14,003,037.37 last year[27]. - The company reported a significant increase in construction in progress, which rose by 348.92% to ¥48,958,468.05 due to the relocation of liquefaction equipment[7]. - The company reported a 3695.28% increase in other operating expenses, totaling ¥1,085,688.86, primarily due to the write-off of fixed assets[8]. Strategic Initiatives - The company established a joint venture, Shanghai Furi Hydrogen New Energy Technology Co., Ltd., with a total investment of CNY 5,000,000, where the company holds a 51% stake[16]. - The company plans to use up to CNY 3.3 billion of idle funds for cash management, investing in safe and liquid financial products[18]. - The financial derivatives trading limit was increased from CNY 650 million to CNY 1.6 billion to manage foreign exchange risks more effectively[20]. - The company adjusted the grant price for its 2021 restricted stock incentive plan from CNY 4.53 per share to CNY 4.52 per share[17]. - The company is focusing on improving its financial performance and exploring new market opportunities[29].

Financial Performance - The company's operating revenue for 2021 was ¥1,586,778,588.92, a decrease of 12.14% compared to ¥1,806,080,635.56 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥42,204,185.31, down 40.90% from ¥71,416,882.32 in 2020[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,393,316.72, a decline of 80.71% from ¥43,520,957.04 in 2020[22] - The basic earnings per share for 2021 was ¥0.08, a decrease of 46.67% compared to ¥0.15 in 2020[22] - In 2021, the company achieved a revenue of CNY 158,677.86 million, a decrease of 12.14% year-on-year, and a net profit of CNY 4,220.42 million, down 40.90% year-on-year[51] Cash Flow and Assets - The net cash flow from operating activities increased by 191.88% to ¥293,088,798.64 from ¥100,412,618.30 in 2020[22] - The total assets at the end of 2021 were ¥3,537,581,997.40, a slight decrease of 0.06% from ¥3,539,878,042.36 at the end of 2020[22] - The net cash flow from operating activities for the year was CNY 293.09 million, with quarterly cash flows of CNY 56.58 million, CNY 173.84 million, CNY 55.54 million, and CNY 7.13 million[24] - The net cash flow from investment activities decreased significantly by 1,871.48% to -CNY 422,544,057.56, mainly due to investments in financial products[82] - The net cash flow from financing activities improved, with a net increase of CNY 189,299,915.00, a turnaround from a net outflow of -CNY 50,092,198.72 in the previous year[82] Market and Industry Trends - The LNG vehicle market faced challenges in 2021, with a 13.8% decline in heavy truck sales and a 58% drop in LNG heavy truck sales compared to 2020[32] - China imported 121.36 million tons of natural gas in 2021, a 19.9% increase year-on-year, making it the world's largest LNG importer[33] - The global energy investment in 2021 reached USD 1.9 trillion, indicating a recovery in the market and increased demand for heavy equipment[34] Research and Development - The company achieved a revenue of 77,538,853.94 yuan in R&D investment, accounting for 4.89% of total operating income, enhancing its technological barriers and market competitiveness[44] - The company holds a total of 250 authorized patents, including 47 invention patents, 199 utility model patents, and 1 design patent, with 61 new patent applications filed in 2021[44] - The company is actively developing new technologies and products, including LNG high-pressure direct injection vehicle-mounted gas supply systems and liquid hydrogen vehicle-mounted hydrogen supply systems, laying the foundation for future development in clean energy intelligent equipment[43] Business Strategy and Operations - The company is actively exploring a new business model that integrates advanced manufacturing with modern service industries, particularly in the development of small-scale LNG liquefaction plants in remote areas[36] - The company operates under a group management model, with specific business operations handled by its subsidiaries[38] - The company is focused on integrating equipment manufacturing and energy services, promoting liquefaction processing and sales of natural gas at remote wellheads[43] Risk Management - The company does not foresee any significant risks affecting its normal operations[5] - The company faces risks from market volatility, including geopolitical tensions and fluctuating commodity prices, which may impact its LNG vehicle gas supply system sales[121] - The ongoing COVID-19 pandemic continues to affect the company's operations, with potential disruptions in production and logistics[122] Corporate Governance - The company has established a strategic committee, a compensation and assessment committee, an audit committee, and a nomination committee, with independent directors leading three of these committees[131] - The company has maintained transparency in information disclosure, ensuring that all significant information is disclosed in a timely and accurate manner[134] - The internal audit department reports to the audit committee, ensuring effective communication between internal and external audits[135] Employee and Management - The total number of employees at the end of the reporting period was 1,680, with 1,626 from major subsidiaries and 54 from the parent company[167] - The company has implemented a training program aimed at enhancing employee skills and aligning with corporate development needs[169] - The company has a structured salary policy linking compensation to performance, with management positions on an annual salary system[168] Environmental Responsibility - The company has implemented strict environmental management practices, ensuring that all hazardous waste is handled in compliance with regulations, with no environmental pollution incidents reported during the reporting period[187] - The company has invested significantly in environmental protection facilities, achieving stable compliance in wastewater and waste gas emissions, and has completed all environmental impact assessments for construction projects[188] Future Outlook - The company plans to expand its market presence and enhance product development in the upcoming fiscal year[144] - The company aims to leverage the "dual carbon" strategic development opportunities to accelerate research and innovation, improve asset efficiency, and enhance profitability[113] - The company plans to enhance its overseas market development and implement a global marketing strategy, focusing on LNG equipment and services[114]

Financial Performance - The company's revenue for Q3 2021 was ¥348,828,863.75, a decrease of 14.80% compared to the same period last year[3] - The net profit attributable to shareholders was ¥6,837,035.73, down 76.50% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,504,035.99, a decline of 90.76% compared to the previous year[3] - The total operating revenue for the period was CNY 1,204,755,240.51, a decrease of 5.49% compared to CNY 1,274,862,631.27 in the previous period[25] - The net profit for Q3 2021 was CNY 42,350,095.61, a decrease of 33.4% compared to CNY 63,694,022.28 in Q3 2020[26] - The company reported a total comprehensive income of CNY 41,894,355.55, down from CNY 63,153,975.60 in the previous year[27] - Basic and diluted earnings per share were both CNY 0.0673, compared to CNY 0.1279 in Q3 2020[27] - The total profit before tax was CNY 51,053,784.52, down from CNY 73,271,890.81 in the same quarter last year[26] Cash Flow and Assets - The operating cash flow net amount for the year-to-date was ¥285,959,761.73, an increase of 888.89%[10] - The net cash flow from operating activities was CNY 285,959,761.73, a significant improvement from a negative cash flow of CNY -36,248,362.30 in Q3 2020[30] - The cash and cash equivalents at the end of the period increased to CNY 298,137,092.49 from CNY 178,183,337.24 in the previous year[31] - The cash flow from investing activities was negative at CNY -425,667,145.10, worsening from CNY -7,897,423.49 in the previous year[30] - Total assets at the end of the reporting period were ¥3,616,912,245.66, reflecting a 2.18% increase from the end of the previous year[3] - The total liabilities decreased to CNY 1,649,904,379.04 from CNY 2,081,102,313.38 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 60,047[12] - The largest shareholder, Huang Feng, holds 7.52% of shares, totaling 43,280,000 shares[12] - The second largest shareholder, Li Xinghua, holds 3.84% of shares, totaling 22,075,055 shares[12] - The total number of restricted shares at the end of the period is 32,514,000[17] - The total number of shares held by the top 10 shareholders is 136,508,257[17] - The company has no preferred shareholders as indicated in the report[14] - The company has a high concentration of ownership with the top 5 shareholders holding over 19% of the total shares[12] - Huang Feng's restricted shares are subject to a 25% annual unlock schedule[15] - The company issued restricted shares to specific investors in 2020, with a total of 103,994,257 shares released from restrictions[17] Research and Development - Research and development expenses rose by 48.67% to ¥52,992,175.83, indicating increased investment in R&D[9] - The company’s R&D expenses for the period were CNY 52,992,175.83, an increase from CNY 35,644,694.61 in the previous period[25] Investment and Market Strategy - The company reported a significant increase in investment income of 144.49%, amounting to ¥1,348,419.16, due to gains from financial products[9] - The net cash flow from financing activities was ¥142,581,658.51, a 388.17% increase, attributed to funds raised from issuing shares[10] - The company plans to expand its market presence through strategic partnerships and investments in new technologies[19] - The company established a joint venture with Shandong Zhongjie Special Equipment Co., Ltd., with a registered capital of CNY 100 million, where it holds a 25% stake[19] Operational Costs and Inventory - The total operating costs amounted to CNY 1,173,639,881.76, down 2.93% from CNY 1,197,559,369.08 in the previous period[25] - The company's inventory as of September 30, 2021, was CNY 789,732,761.52, an increase from CNY 752,866,786.17 at the end of 2020[22] - The company experienced a 43.79% decrease in sales expenses, totaling ¥34,557,456.84, primarily due to reduced after-sales service costs[9] Other Financial Metrics - The company incurred a credit impairment loss of CNY 4,905,485.08, compared to a reversal of CNY -4,667,868.71 in Q3 2020[26] - The company experienced a foreign exchange gain of CNY 23,985,138.23, compared to CNY 21,216,848.62 in Q3 2020[31]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 855,926,376.76, a decrease of 1.10% compared to CNY 865,438,427.27 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 31,863,216.10, an increase of 2.05% from CNY 31,223,608.93 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 25,941,628.83, representing a significant increase of 19.45% compared to CNY 21,716,778.16 in the previous year[22]. - The net cash flow from operating activities surged to CNY 230,419,809.57, a remarkable increase of 6,533.53% from CNY 3,473,561.27 in the same period last year[22]. - Basic earnings per share decreased by 16.31% to CNY 0.0554 from CNY 0.0662 in the same period last year[22]. - Diluted earnings per share also fell by 15.81% to CNY 0.0554 from CNY 0.0658 year-on-year[22]. - The weighted average return on net assets was 1.86%, down from 2.18% in the previous year[22]. - The company achieved operating revenue of 855.93 million yuan, a year-on-year decrease of 1.10%, while net profit reached 31.86 million yuan, an increase of 2.05%[48]. - Revenue for the reporting period was CNY 855.93 million, a decrease of 1.10% compared to CNY 865.44 million in the same period last year[54]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,790,144,569.33, reflecting a growth of 7.07% from CNY 3,539,878,042.36 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 33.37% to CNY 1,951,519,599.34 from CNY 1,463,203,967.55 at the end of the previous year[22]. - The company’s long-term equity investments decreased slightly by 0.20% to CNY 73.10 million, indicating stable investment performance[64]. - The company reported a financial liability of RMB 236.77 million as of the end of the reporting period[68]. - The company has pledged assets totaling RMB 933.76 million, including real estate valued at RMB 499.50 million and land use rights valued at RMB 153.13 million[69]. - The total amount of raised funds utilized during the reporting period was RMB 44.88 million, with the cumulative amount also at RMB 44.88 million[76]. - The company has a total guarantee amount of RMB 106,634.19 million approved by the end of the reporting period, with an actual guarantee balance of RMB 68,060.87 million, representing 34.88% of the company's net assets[145]. Research and Development - R&D investment amounted to 33,478,719.93 yuan, accounting for 3.91% of operating revenue, with a total of 268 authorized patents, including 46 invention patents[42]. - Research and development investment increased by 56.56% to CNY 33.48 million, reflecting the company's commitment to technological innovation[56]. - The company is actively developing new technologies, including LNG high-pressure direct injection systems and liquid hydrogen vehicle hydrogen supply systems, to enhance market competitiveness[51]. - The company is committed to innovation and has filed multiple patents for new products, including low-temperature storage tanks and high-pressure valves[42]. Market and Product Development - The company specializes in the manufacturing of LNG application equipment, heavy equipment, LNG loading and unloading equipment, and provides comprehensive technical solutions across the entire LNG industry chain[30]. - The LNG vehicle gas supply system covers over 30 types of gas cylinder specifications, establishing a leading advantage in the LNG vehicle bottle sector[36]. - The company successfully secured an order for 400 intelligent tank containers from an Indonesian client, marking the start of mass production for this product line[37]. - The heavy equipment subsidiary has gained recognition from Fortune 500 companies and has become a global strategic qualified supplier for major oil and gas firms[38]. - The company aims to enhance its LNG loading and unloading equipment product line, focusing on large-diameter LNG ship loading arms and increasing the level of product intelligence[40]. - The implementation of the "National VI" emission standards is expected to increase the market share of LNG heavy trucks, driving demand for related equipment[41]. - The company is committed to innovation and expanding its market share while focusing on core equipment and exploring overseas markets[41]. - The company anticipates that the LNG heavy truck and vehicle-mounted gas cylinder market will gradually return to normal levels following the full implementation of the "National VI" standards, which will provide greater development potential[99]. Financial Management - The company successfully raised approximately CNY 4.71 billion through a private placement of about 104 million new shares, enhancing its financial strength and reducing the debt-to-asset ratio[53]. - The company has established a financial derivatives trading management system to mitigate risks associated with foreign exchange fluctuations[87]. - The company emphasizes risk control measures, including careful selection of trading partners and regular audits of trading processes[86]. - The company has not engaged in any entrusted loans during the reporting period, reflecting a conservative financial strategy[88]. - The financial derivatives trading is primarily aimed at hedging against currency risk rather than speculative profit[87]. - The company plans to continue monitoring market conditions closely to adjust its risk management strategies as needed[86]. Corporate Governance and Compliance - The company has established a governance structure to protect shareholder rights and ensure effective decision-making processes[117]. - The company provides comprehensive social insurance and benefits to employees, fostering a harmonious labor relationship[119]. - The company has not received any administrative penalties for environmental issues during the reporting period and adheres to strict environmental regulations[116]. - The company actively promotes sustainable development by investing in energy-saving and environmentally friendly product research and development[119]. - The company did not experience any bankruptcy reorganization matters during the reporting period[127]. - There were no significant litigation or arbitration matters reported[128]. - The company reported no penalties or rectification situations during the reporting period[129]. Shareholder and Stock Information - The company completed the issuance of A-shares on March 29, 2021, with a six-month lock-up period for all issued shares[151]. - The total number of ordinary shareholders at the end of the reporting period was 39,968[171]. - Major shareholder Huang Feng holds 7.52% of the shares, totaling 43,280,000 shares[171]. - The company’s stock issuance was part of a strategy to enhance capital and support future growth initiatives[168]. - The total number of shares held by the top ten shareholders reflects a concentration of ownership, with significant stakes held by individual investors[171].

Financial Performance - The company's operating revenue for Q1 2021 was ¥401,258,023.43, representing a 9.15% increase compared to ¥367,630,251.73 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was ¥10,008,986.99, a significant increase of 151.11% from ¥3,985,960.60 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,072,047.92, up 199.95% from ¥2,691,167.33 year-on-year[8] - Basic earnings per share for Q1 2021 were ¥0.0174, reflecting a 107.14% increase from ¥0.0084 in the previous year[8] - The total operating revenue for Q1 2021 was CNY 401,258,023.43, an increase from CNY 367,630,251.73 in the previous period[58] - The net profit for Q1 2021 was CNY 10,078,491.77, compared to a net profit of CNY 3,445,231.31 in the previous year, indicating a significant increase[60] - The total profit for the quarter was CNY 15,027,954.31, up from CNY 3,375,984.25 in Q1 2020, reflecting a strong performance[60] - The total comprehensive income for Q1 2021 was CNY 9,903,816.44, compared to CNY 2,827,423.29 in the same period last year, marking a substantial improvement[61] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥56,578,471.13, a turnaround from a negative cash flow of -¥69,135,661.13 in the same period last year, marking an increase of 181.84%[8] - Cash and cash equivalents increased by 47.80% to CNY 928.36 million due to funds raised from a specific stock issuance[21] - The company reported a total cash and cash equivalents balance of ¥719,057,843.57 at the end of Q1 2021, up from ¥124,933,220.75 at the end of Q1 2020[69] - Total cash inflow from financing activities reached ¥654,259,599.21, compared to ¥204,619,713.07 in the previous year, indicating a strong increase in financing[69] - The net cash flow from financing activities was ¥425,335,389.78, a turnaround from a net outflow of ¥49,639,356.44 in the same period last year[69] - The cash inflow from operating activities totaled ¥86,269,950.01, down from ¥134,202,376.94 in the previous year, indicating a decline in operational cash generation[70] - The company’s cash outflow for operating activities was ¥109,566,636.63, compared to ¥170,666,626.20 in the previous year, reflecting improved cost management[70] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,922,146,687.02, a 10.80% increase from ¥3,539,878,042.36 at the end of the previous year[8] - The total liabilities decreased to CNY 748,359,133.33 from CNY 746,385,943.87, showing a slight improvement in the liability structure[56] - The equity attributable to shareholders increased to CNY 1,902,302,559.95 from CNY 1,454,689,186.15, reflecting strong growth in shareholder value[56] Investment and R&D - Research and development expenses rose by 81.78% to CNY 14.00 million, indicating increased investment in R&D[22] - The company has committed to invest CNY 16,562 million in the new LNG intelligent tank and small movable liquefaction device industrialization project, with 0% progress reported[40] - The hydrogen fuel cell vehicle liquid hydrogen supply system project has a committed investment of CNY 6,199.36 million, also showing 0% progress[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,269[12] - The top shareholder, Huang Feng, held 7.52% of the shares, amounting to 43,280,000 shares[12] Risk Management - The company is facing risks from fluctuations in raw material prices, particularly stainless steel, which significantly impacts production costs[28] - The company has implemented measures to mitigate risks from raw material price fluctuations by optimizing product design and improving production efficiency[28] - The ongoing COVID-19 pandemic continues to affect the company's overseas export business, with measures in place to minimize its impact[27] - The company has established a credit management department to address potential credit losses from accounts receivable due to long manufacturing and payment cycles[30][32] - The company is closely monitoring foreign exchange market fluctuations to manage risks associated with currency exchange rates[29] Fundraising Activities - The company reported a total fundraising amount of RMB 471,073,599.21 from the issuance of 103,989,757 shares at a price of RMB 4.53 per share[35] - The net amount raised after deducting issuance costs was RMB 459,409,457.92[35] - Total raised funds amounted to CNY 45,940.95 million, with no changes in usage during the reporting period[40] - The company is actively managing risks related to its fundraising projects, ensuring alignment with market demand and technological advancements[33] Other Financial Metrics - The company reported a significant decrease in asset impairment losses, with a 100% reduction compared to the previous year[22] - The company incurred a credit impairment loss of CNY -5,409,710.70, which was an improvement from CNY -8,261,285.50 in the previous year[64] - The company reported a net loss from investment of CNY 796,974.74, which is a deterioration compared to a loss of CNY 649,957.80 in the previous period[59] - The company reported a decrease in operating costs to CNY 34,932,419.63 from CNY 56,353,279.05, a reduction of 38.2%[63] - The company experienced a significant increase in non-operating income, which rose to CNY 437,410.40 from CNY 2,258,285.13 in the previous year[60]

Financial Performance - The company's operating revenue for 2020 was ¥1,806,080,635.56, representing a 14.76% increase compared to ¥1,573,844,704.62 in 2019[17] - The net profit attributable to shareholders was ¥71,416,882.32, a significant turnaround from a loss of ¥326,699,821.43 in 2019, marking a 121.86% increase[17] - The net profit after deducting non-recurring gains and losses was ¥43,520,957.04, improving from a loss of ¥344,704,143.97 in the previous year, reflecting a 112.63% increase[17] - The basic earnings per share increased to ¥0.15 from a loss of ¥0.69 in 2019, showing a 121.74% improvement[17] - The total assets at the end of 2020 were ¥3,539,878,042.36, a 1.36% increase from ¥3,492,309,252.00 at the end of 2019[17] - The net assets attributable to shareholders rose to ¥1,463,203,967.55, up 3.38% from ¥1,415,405,526.46 in 2019[17] - The net cash flow from operating activities was ¥100,412,618.30, a decrease of 69.75% compared to ¥331,896,932.66 in 2019[17] - The company reported a weighted average return on equity of 4.98%, recovering from -20.19% in the previous year[17] Dividend Distribution - The company plans to distribute a cash dividend of ¥0.15 per 10 shares, based on a total share capital of 575,406,349 shares[5] - The company reported a cash dividend of 0.15 yuan per 10 shares for the year 2020, totaling 8,631,095.24 yuan, which represents 100% of the total profit distribution[130][135] - The company did not distribute dividends in 2019 due to operating losses, with a total loss of 326,699,821.43 yuan[129][135] - The cash dividend for 2020 represents 12.09% of the consolidated net profit attributable to the company's ordinary shareholders[135] Market and Product Development - The company is actively pursuing international LNG market opportunities, including projects in Malaysia, Uzbekistan, Mexico, and Morocco, to support local clean energy development[33] - The company’s LNG unloading equipment, produced by its subsidiary, has a high market share, with new products expected to replace imports and gradually achieve export success[35] - The company has established strategic partnerships with major truck manufacturers, enhancing its competitive advantage in the LNG vehicle market[33] - The company’s heavy equipment division has gained recognition among Fortune 500 companies, indicating strong brand influence and market presence[34] - The company continued to strengthen its LNG heavy-duty truck bottle market and actively developed high-pressure direct injection and liquid hydrogen technology for vehicle-mounted gas supply systems, aiming to enhance market share and maintain industry leadership[50] - The company launched a domestically produced 16-inch LNG ship loading arm with independent intellectual property rights, achieving its first delivery within the year and aiming for import substitution and gradual export[51] - The company has developed a full range of hydrogen valve products for fuel cell vehicles, which are currently undergoing extensive road tests with major domestic vehicle manufacturers[52] - The company is expanding its overseas market presence, actively pursuing LNG liquefaction plant projects in Southeast Asia, Russia, Mexico, and India, despite challenges posed by the COVID-19 pandemic[53] Research and Development - R&D investment amounted to 79,950,068.90 CNY, accounting for 4.43% of operating revenue, with a total of 243 authorized patents held[41] - The company’s R&D investment in 2020 amounted to approximately ¥79.95 million, representing 4.43% of total revenue, a decrease from 5.10% in 2019[84] - The number of R&D personnel increased to 201 in 2020, accounting for 12.38% of the total workforce, up from 12.05% in 2019[84] - Key R&D projects for 2021 include the development of high-pressure LNG vaporization arms and small-batch trials of liquid hydrogen valves[114] Financial Position and Cash Flow - Trading financial assets increased to 151,500 CNY, a 100% increase from 0 CNY at the end of the previous year, due to changes in the fair value of forward foreign exchange contracts[38] - Accounts receivable decreased to 3,687,100 CNY, a 70.83% decrease from 12,639,600 CNY, primarily due to timely payment of commercial bills[38] - Accounts receivable financing increased to 260,417,100 CNY, a 46.87% increase from 177,306,100 CNY, mainly due to a higher volume of bank acceptance bills collected this period[38] - Prepayments increased to 81,509,900 CNY, a 48.54% increase from 54,874,200 CNY, primarily due to increased prepayments for main material purchases[38] - Deferred tax assets decreased to 36,608,400 CNY, a 62.19% decrease from 96,834,600 CNY, mainly due to the parent company’s expectation of insufficient taxable income in the future[38] - Long-term borrowings increased to 137,842,900 CNY, a 351.51% increase from 30,529,200 CNY, due to adjustments in the financing structure based on overall market interest rates[38] - Operating cash inflow decreased by 12.19% to approximately ¥1.27 billion in 2020, while operating cash outflow increased by 5.00% to approximately ¥1.17 billion[86] - The net cash flow from financing activities decreased by 77.66%, resulting in a net outflow of approximately ¥50.09 million[86] Risk Management - The company faces risks from market fluctuations in oil and gas prices, which could impact its operational performance[119] - Ongoing COVID-19 pandemic effects may disrupt export business, prompting the company to maintain effective communication with overseas clients[120] - The company is implementing measures to mitigate risks from raw material price fluctuations and exchange rate volatility[121][122] - The company has implemented strict credit policies to mitigate the risk of accounts receivable losses, focusing on customer credit assessments and monitoring payment statuses[124] - The company is facing risks related to its fundraising projects, including potential market changes and the possibility of new capacity not being fully utilized[125] Corporate Governance and Structure - The company has established a governance structure to protect shareholder rights, including a board of directors and various specialized committees[172] - The company has implemented measures to protect employee rights, including social insurance and commercial accident insurance[173] - The company has a diverse shareholder structure, with no significant concentration of ownership[197] - The company has no controlling shareholder, as no single shareholder holds more than 30% of the total share capital[195] - The actual controller of the company is also absent, with no shareholder controlling more than 10% of the shares[196] Subsidiaries and Investments - The company established a new controlling subsidiary, Jiangsu Furui Energy Service Co., Ltd., which is now included in the consolidated financial statements[72] - The company has established a joint venture, Jiangsu Furui Energy Service Co., Ltd., with an investment of CNY 35 million, holding a 70% stake[178] - The company completed a capital increase of CNY 4 million in its subsidiary, Changlong Equipment, resulting in an 80% ownership stake[177] - The company has transferred its stake in Guizhou Te'an Jie New Energy Technology Co., Ltd. and Wuhan Chengzheng Technology Partnership (Limited Partnership) during the reporting period[106] Compliance and Regulations - The company has not been classified as a key pollutant discharge unit and has adhered to environmental protection regulations without any violations during the reporting period[175] - The company has received multiple manufacturing licenses for pressure vessels and low-temperature valves, ensuring compliance with international standards[43] - The company has achieved certifications for quality management systems, including IATF16949 and ISO9001:2015, ensuring high product quality[44]

张家港富瑞特种装备股份有限公司 2020 年第三季度报告 股票简称：富瑞特装 股票代码：300228 张家港富瑞特种装备股份有限公司 2020 年第三季度报告 二〇二〇年十月 1 张家港富瑞特种装备股份有限公司 2020 年第三季度报告 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。 公司负责人黄锋、主管会计工作负责人焦康祥及会计机构负责人(会计主管 人员)焦康祥声明：保证季度报告中财务报表的真实、准确、完整。 2 张家港富瑞特种装备股份有限公司 2020 年第三季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,612,621,655.89 | 3,492,309,252.00 | | 3.45% | | 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥865,438,427.27, representing a 3.95% increase compared to ¥832,530,411.05 in the same period last year[19]. - The net profit attributable to shareholders of the listed company surged by 468.66% to ¥31,223,608.93, up from ¥5,490,772.48 in the previous year[19]. - The net profit after deducting non-recurring gains and losses increased by 99.50% to ¥21,716,778.16, compared to ¥10,885,723.33 in the same period last year[19]. - The basic earnings per share rose by 470.69% to ¥0.0662, compared to ¥0.0116 in the previous year[19]. - Operating profit reached ¥31,687,900.60, a significant year-on-year growth of 525.08%[45]. - Net profit attributable to the parent company was ¥31,223,608.93, marking a year-on-year increase of 468.66%[45]. - The company reported a net profit of -16.68 million yuan for the first half of 2020, compared to a profit of 17.586 million yuan in the same period of 2019, indicating a significant decline[186]. - The company reported a comprehensive loss of approximately RMB 31.84 million for the first half of 2020, reflecting a significant decrease compared to previous periods[194]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,678,667,788.91, reflecting a 5.34% increase from ¥3,492,309,252.00 at the end of the previous year[19]. - The company's total liabilities reached CNY 2,238,138,265.52, compared to CNY 2,085,291,138.84 at the end of 2019, marking an increase of around 7.3%[164]. - The company's total liabilities at the end of the reporting period were approximately RMB 1.24 billion, indicating a leverage ratio that needs to be monitored[195]. - The company's equity attributable to shareholders was 1.834 billion yuan, reflecting a decrease of 1.63 million yuan from the previous year[188]. Cash Flow - The net cash flow from operating activities decreased significantly by 95.03% to ¥3,473,561.27, down from ¥69,852,097.52 in the same period last year[19]. - The company reported a net cash flow from operating activities of approximately ¥3.47 million in the first half of 2020, a decline from ¥69.85 million in the first half of 2019[179]. - The net cash flow from operating activities was -21,778,764.40 RMB, a decrease from 11,363,481.84 RMB in the previous period[183]. - The company reported a significant decrease in cash and cash equivalents, with a net decrease of 86,791,024.29 RMB compared to an increase of 10,899,040.28 RMB in the previous period[183]. Research and Development - Research and development investment amounted to ¥21,383,804.64, accounting for 2.47% of operating revenue[45]. - Research and development expenses decreased by 9.09% to RMB 21,383,804.64 from RMB 23,523,015.96 in the previous year[52]. - The company has allocated resources for research and development to enhance its technological capabilities[186]. Market Position and Strategy - The company specializes in the full industrial chain of liquefied natural gas (LNG) storage, transportation, and terminal application equipment manufacturing, offering comprehensive technical solutions[27]. - The company aims to strengthen its position as a leading player in the international LNG unloading equipment market while maintaining its domestic market advantage[31]. - The company is actively exploring overseas markets while managing costs and improving operational efficiency[45]. - The company plans to focus on new product development and market expansion strategies to improve future performance[186]. Risks and Challenges - The company operates across the entire LNG industry chain, including liquefaction, storage, transportation, and terminal applications, which are affected by fluctuations in international crude oil and natural gas prices[82]. - The company faces significant risks from raw material price volatility, particularly for stainless steel, which constitutes a large portion of production costs[83]. - The ongoing COVID-19 pandemic has led to reduced economic activity globally, affecting the company's export orders[87]. - The company is exposed to foreign exchange risks due to its import and export activities, primarily involving USD and EUR[85]. Corporate Governance and Compliance - The half-year financial report for 2020 was not audited[96]. - The company has not experienced any bankruptcy reorganization during the reporting period[97]. - There were no significant litigation or arbitration matters during the reporting period[98]. - The company is committed to avoiding or minimizing related party transactions[94]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 33,474[141]. - The largest unrestricted shareholder is Guangdong Yuecai Trust Co., Ltd., holding 12,190,470 shares, representing 2.58%[142]. - The total number of shares increased from 472,741,640 to 472,741,642, with limited sale condition shares rising from 52,636,450 to 52,658,200[135].