Financial Performance - The company reported a total revenue of RMB 1.5 billion for the year 2021, representing a year-on-year increase of 20% compared to 2020[19]. - The net profit attributable to shareholders was RMB 300 million, which is a 15% increase from the previous year[19]. - The company's operating revenue for 2021 was ¥3,484,737,325.03, representing a 14.91% increase compared to the previous year[26]. - The net profit attributable to shareholders for 2021 was ¥303,647,259.97, an 18.23% increase year-over-year[26]. - The net cash flow from operating activities reached ¥438,873,818.14, a significant increase of 63.15% compared to the previous year[26]. - The total assets at the end of 2021 amounted to ¥11,608,200,646.68, marking a 5.62% increase from the end of 2020[29]. - The net assets attributable to shareholders were ¥4,920,903,754, showing an increase from the previous year[29]. - The company reported a basic earnings per share of ¥0.31, a 3.33% increase compared to the previous year[26]. Research and Development - The company plans to invest RMB 200 million in research and development for new technologies and products in 2022[19]. - The company has established a research and development center in North America, enhancing its technological capabilities to international standards[43]. - The company has invested in the development of oil-free screw air compressors, centrifugal air compressors, and other green products to meet market demand, which will become future growth points[46]. - The company has established multiple R&D centers globally, including in the US and Austria, focusing on various compressor technologies, ensuring a strong competitive edge in innovation[50]. - The company has completed major R&D projects, including geothermal power generation systems, which are expected to enhance its competitiveness in the geothermal energy sector[139]. - The number of R&D personnel increased by 4.24% to 295, with a focus on enhancing the company's innovation capabilities[145]. - R&D investment amounted to ¥118,170,039.34, representing 3.39% of operating revenue, slightly down from 3.51% in the previous year[147]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[19]. - The company has achieved a market share of 8.6% in the US within three years, with projected revenue of approximately $40 million this year, indicating significant growth in overseas markets[53]. - The company is focusing on the development of geothermal energy as a clean, renewable, and stable energy source, especially in light of challenges faced by other renewable energy sources[61]. - The company is exploring new strategies in the geothermal energy sector, which is characterized by high investment density and long construction periods[64]. - The company is leveraging its expertise in geothermal energy to address the economic viability challenges associated with energy production[64]. Operational Efficiency and Risk Management - The company has identified and is addressing several operational risks, ensuring a stable business environment moving forward[6]. - The company has built a complete industrial chain, which helps mitigate the pressure from rising production costs due to inflation and raw material price increases[54]. - The company is actively involved in the transformation and upgrade of technology to address labor shortages and rising costs through automation[56]. - The company is committed to enhancing its independent innovation capabilities in energy equipment manufacturing, as highlighted in the "Made in China 2025" initiative[56]. Geothermal Energy Development - The company achieved nearly $50 million in revenue from geothermal energy development in 2021, with an expected growth of 8-10 times over the next five years[60]. - The company is focusing on geothermal energy development in Indonesia and the United States, with Indonesia having a potential geothermal resource capacity of 35,000 MW[70]. - The company has established a geothermal energy development business, transitioning from equipment manufacturing to geothermal power plant operation, with a focus on acquiring high-quality geothermal resources globally[98]. - The company has ongoing geothermal projects in Indonesia, with a total investment of approximately CNY 1.26 billion for the reporting period[159]. - The company has established drilling teams in both Indonesia and the U.S., indicating progress in its operational capabilities[77]. Financial Management and Investment - The company plans to focus on non-recourse and limited recourse project financing, exploring green bonds and asset securitization[109]. - The total investment amount for the reporting period was CNY 1.40 billion, a 201.75% increase compared to the previous year's investment of CNY 461.95 million[159]. - The company has committed to a total investment of CNY 107,297.34 million for various projects, with CNY 96,849.81 million already invested[166]. - The company has not encountered any major changes in the use of raised funds or their progress[166]. Corporate Social Responsibility - The company is actively involved in corporate social responsibility activities to build a positive public relations image[92].

Financial Performance - The company's revenue for Q3 2021 was ¥780,671,506.18, representing a 4.33% increase compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥79,488,700.28, a 0.94% increase year-over-year[3] - The net profit excluding non-recurring gains and losses was ¥77,644,168.21, reflecting a 1.66% increase compared to the previous year[3] - Total revenue for the period reached CNY 2,573,584,292.87, an increase from CNY 2,167,663,957.84 in the previous period, representing a growth of approximately 18.76%[25] - Net profit for the period was CNY 232,844,672.25, compared to CNY 203,142,827.47 in the previous period, reflecting a growth of approximately 14.66%[28] - The total comprehensive income for the period was CNY 215,997,572.26, compared to CNY 110,695,099.44 in the previous period, representing a significant increase[32] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥11,676,731,274.79, a 6.24% increase from the end of the previous year[5] - The company's total assets increased to CNY 11,676,731,274.79 from CNY 10,991,023,191.56, marking a rise of about 6.24%[24] - Non-current liabilities decreased to CNY 1,703,224,815.31 from CNY 1,786,829,991.21, a reduction of approximately 4.65%[24] - The total liabilities increased to CNY 6,755,681,745.95 from CNY 6,235,943,232.28, representing a growth of about 8.32%[24] - The total equity attributable to shareholders increased to CNY 4,920,533,993.06 from CNY 4,762,439,851.19, showing an increase of about 3.32%[24] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥245,932,824.11, an increase of 29.50% compared to the previous year[3] - Cash inflow from operating activities totaled CNY 2,876,129,903.67, an increase from CNY 2,400,037,694.07 in the previous period[33] - The net cash flow from operating activities was CNY 245,932,824.11, compared to CNY 189,902,569.92 in the previous period, indicating improved operational efficiency[36] - The net cash flow from financing activities decreased by 90.14% due to increased loan repayments[9] - The net cash flow from financing activities was CNY 39,719,515.18, down from CNY 402,732,715.04 in the previous period, indicating a decrease in financing efficiency[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,170, with the top 10 shareholders holding 82.34% of the total shares[11] - Kaishan Holding Group Co., Ltd. holds 60.82% of the shares, amounting to 604,352,217 shares, with 135,635,018 shares under pledge[11] - The top 10 shareholders collectively hold 604,352,217 shares, which is 82.34% of the total share capital[13] Investment and Expenses - Research and development expenses for the period were CNY 91,000,312.71, up from CNY 79,374,155.15, indicating an increase of approximately 14.67%[28] - The company reported a financial expense of CNY 59,092,610.47, compared to CNY 50,994,347.57 in the previous period, reflecting an increase of about 15.67%[28] - Cash outflow for investing activities was CNY 1,027,045,629.47, up from CNY 584,182,008.02 in the previous period, reflecting increased investment efforts[36] Asset Management - The company experienced a 58.06% reduction in asset impairment losses, attributed to decreased inventory write-downs[9] - Accounts receivable increased from ¥570,784,148.51 in 2020 to ¥659,839,872.68 in 2021, representing a growth of about 15.6%[18] - Inventory rose from ¥1,176,699,749.17 at the end of 2020 to ¥1,341,995,400.80 by September 30, 2021, an increase of approximately 14.0%[18] - Long-term equity investments decreased from ¥90,320,499.81 in 2020 to ¥62,354,005.62 in 2021, a decline of approximately 30.9%[18] - Fixed assets increased significantly from ¥1,989,247,907.86 in 2020 to ¥3,318,288,239.38 in 2021, representing a growth of about 66.8%[18] Audit and Compliance - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[40]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.79 billion, representing a 26.32% increase compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company was approximately ¥150.45 million, an increase of 27.38% year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥143.62 million, reflecting a 32.35% increase compared to the previous year[23]. - The net cash flow from operating activities was approximately ¥108.76 million, which is an 82.68% increase from the same period last year[23]. - Basic earnings per share were ¥0.1514, marking a 9.95% increase compared to the previous year[23]. - The diluted earnings per share were also ¥0.1514, consistent with the basic earnings per share[23]. - Revenue for the reporting period reached ¥1,792,912,786.69, representing a year-on-year increase of 26.32%[37]. - Operating costs increased by 28.44% to ¥1,314,305,321.47, reflecting higher production expenses[37]. - The gross margin for screw compressors was 24.24%, with a revenue increase of 26.71%[39]. Assets and Investments - Total assets increased to ¥11,225,081,900.31, a growth of 2.13% compared to the previous period[24]. - Net assets attributable to shareholders rose to ¥4,826,891,145.32, reflecting a 1.35% increase[24]. - The company reported a total current assets of CNY 3,747,018,446.53 as of June 30, 2021, down from CNY 4,151,522,741.01 at the end of 2020, representing a decrease of approximately 9.8%[197]. - Cash and cash equivalents decreased significantly from CNY 1,720,688,771.99 at the end of 2020 to CNY 952,865,030.54, a decline of about 44.5%[197]. - Inventory increased from CNY 1,176,699,749.17 at the end of 2020 to CNY 1,474,012,166.67, reflecting a growth of approximately 25.3%[197]. - Total non-current assets rose from CNY 6,839,500,450.55 at the end of 2020 to CNY 7,478,063,453.78, an increase of about 9.3%[199]. - The total assets of the company increased to CNY 11,225,081,900.31 as of June 30, 2021, compared to CNY 10,991,023,191.56 at the end of 2020, marking a growth of approximately 2.1%[199]. Strategic Initiatives - The company is actively pursuing its transformation strategy to become a leading supplier of geothermal power generation equipment and operators globally[29]. - The company plans to expand the Turawell geothermal power station in Hungary, which has been operational since November 29, 2017[32]. - The company has launched geothermal power generation projects in Indonesia, the United States, and Hungary, providing stable and clean electricity to local residents[94]. - The company is expanding its geothermal power generation business globally through the establishment of Fish Lake Geothermal LLC[71]. - The company plans to actively pursue multi-channel financing to mitigate financial risks associated with currency fluctuations[77]. - The company has committed to investing 200 million RMB in research and development for new technologies over the next two years[118]. Risks and Compliance - The company has acknowledged potential macroeconomic risks and various risks associated with its transformation and development[4]. - Financial costs are expected to increase due to significant upfront investments in overseas geothermal projects, raising concerns about financial pressure[77]. - The company received a warning for inaccurate periodic report accounting and non-compliance in corporate governance, which will be recorded in the securities market integrity file[122]. - The company is required to submit a written rectification report to the Zhejiang Securities Regulatory Bureau by February 10, 2021[127]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[93]. - The company has not identified any significant impairment risks related to its overseas assets[44]. Shareholder Information - The annual shareholders' meeting had a participation rate of 61.07%, indicating strong investor engagement[81]. - The company issued 135,635,018 new shares at a price of RMB 8.11 per share, increasing total shares to 993,635,018[164]. - The controlling shareholder, Kaishan Holding Group Co., Ltd., holds 63.49% of the company's total shares, amounting to 630,897,216 shares[176]. - The total number of ordinary shareholders at the end of the reporting period was 9,806[174]. - The company has a lock-up period of 18 months for the newly issued shares, which cannot be transferred during this time[171]. Operational Highlights - The first phase of the Indonesia SMGP geothermal project generated electricity revenue of $1,098,000, with a comprehensive availability rate exceeding 98%[30]. - The second phase of the SMGP project, with a capacity of 45MW, officially commenced commercial operation on July 27, 2021[31]. - The company has completed drilling work for six geothermal wells at the SMGP project, supporting over 140MW of power generation[31]. - The company acquired the Fish Lake geothermal project in Nevada, which includes five geothermal wells with temperatures between 170-200°C, expected to support a 10MW power station[33]. - The company has ongoing geothermal projects in Indonesia, with a total investment of CNY 502,436,768.02 and a cumulative actual investment of CNY 3,833,661,398.42[47]. Research and Development - R&D investment amounted to ¥54,985,256.95, up 22.45% compared to the previous year, with a total of 135 valid patents held[35]. - The company has established R&D centers in the US, Austria, and Shanghai, enhancing its technological capabilities and competitive edge in the geothermal energy sector[35]. - New product development includes the launch of a next-generation compressor, expected to enhance efficiency by 30% compared to previous models[118]. Environmental Commitment - The company is committed to developing green, efficient, and low-energy consumption screw compressor products, contributing to energy conservation and emission reduction[94]. - The management has outlined a new strategy focusing on sustainability, aiming to reduce carbon emissions by 40% by 2025[118].

Financial Performance - The company's revenue for Q1 2021 was ¥790,605,994.97, representing a 40.43% increase compared to ¥563,000,463.88 in the same period last year[8] - Net profit attributable to shareholders was ¥59,794,814.61, up 98.19% from ¥30,171,145.45 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥55,202,687.27, a significant increase of 135.46% compared to ¥23,444,955.60 in the previous year[8] - The basic earnings per share rose to ¥0.0602, reflecting a 71.02% increase from ¥0.0352 in the same period last year[8] - The company achieved operating revenue of CNY 790.61 million, a year-on-year increase of 40.43%[21] - The net profit attributable to shareholders of the parent company was CNY 59.79 million, up 98.19% year-on-year[24] - The company reported a net profit of CNY 1,221,701,892.32, an increase from CNY 1,161,907,077.71, reflecting a growth of approximately 5.16%[47] - The total comprehensive income for the current period was ¥87,178,332.84, compared to ¥61,040,507.55 in the previous period, reflecting a growth of 42.9%[66] - The company's net profit for the current period reached ¥21,086,644.19, a significant increase from ¥1,595,441.24 in the previous period, representing a growth of approximately 1,220%[72] - Operating profit for the current period was ¥31,557,759.72, compared to ¥5,219,548.45 in the previous period, indicating a growth of about 504%[72] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,980,977,300.16, a slight increase of 0.17% from ¥10,961,844,736.93 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.66% to ¥4,825,421,979.86 from ¥4,746,763,769.16 at the end of the previous year[8] - The company's total liabilities decreased, with accounts payable to employees dropping by 36.27% to CNY 25.11 million[21] - Total assets increased to CNY 10,980,977,300.16, up from CNY 10,961,844,736.93, reflecting a growth of approximately 0.17%[47] - Current liabilities decreased to CNY 4,283,520,941.50, down 3.42% from CNY 4,435,610,868.47[44] - Long-term borrowings rose to CNY 1,809,300,987.40, an increase of 5.27% from CNY 1,708,845,571.62[44] - Total liabilities decreased to CNY 6,167,116,611.96, down from CNY 6,222,440,859.68, a reduction of approximately 0.89%[44] - Owner's equity increased to CNY 4,813,860,688.20, up from CNY 4,739,403,877.25, reflecting a growth of about 1.48%[47] Cash Flow - The net cash flow from operating activities decreased by 65.83% to ¥6,044,529.37 from ¥17,689,860.59 in the same period last year[8] - Cash flow from operating activities showed a net decrease of 65.83%, totaling CNY 6.04 million, due to increased cash payments for goods and services[21] - The company reported a net cash flow from operating activities of ¥6,044,529.37, down from ¥17,689,860.59 in the previous period, indicating a decrease of about 65.8%[78] - The company incurred a net cash outflow from investing activities of ¥373,870,164.02, compared to a net outflow of ¥303,042,421.33 in the previous period[78] - The financing activities resulted in a net cash outflow of ¥72,133,739.56, contrasting with a net inflow of ¥241,061,506.63 in the previous period, indicating a significant change in financing strategy[80] - The net increase in cash and cash equivalents was -$92.65 million, compared to -$40.57 million in the previous period, indicating a worsening cash position[84] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,126[12] - The largest shareholder, Kaishan Holding Group Co., Ltd., held 63.49% of the shares, totaling 630,897,216 shares[12] Investments and Projects - As of the end of the reporting period, 44,796.4 million has been invested in the Indonesian SMGP 240MW geothermal power project, representing 42.66% of the committed investment[28] - The company completed the replacement of pre-invested self-raised funds amounting to 26.51 million for the fundraising projects[30] - The company reported no significant changes in the feasibility of investment projects or any unutilized raised funds[30][32] Operational Insights - The company plans to continue expanding its market presence while enhancing internal management practices[24] - There were no significant changes in the company's core technology team or major risks reported during the period[25] Other Financial Metrics - Research and development expenses for the current period were ¥23,142,391.80, an increase of 29.5% from ¥17,912,800.88 in the previous period[59] - Other income for the current period was reported at ¥9,000,781.62, compared to ¥8,182,696.89 in the previous period, showing an increase of 10%[59] Compliance and Standards - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[87] - The company did not apply the new leasing standards retroactively, which may impact future financial reporting[85]

Financial Performance - The company's operating revenue for 2020 was CNY 3,022,150,053.24, representing a 14.77% increase compared to the previous year[25]. - Net profit attributable to shareholders for 2020 was CNY 256,002,991.93, a 67.85% increase from CNY 152,522,160.42 in 2019[25]. - The net profit after deducting non-recurring gains and losses was CNY 229,722,370.87, up 67.67% from CNY 137,007,546.91 in 2019[25]. - The net cash flow from operating activities reached CNY 261,646,096.52, a significant increase of 801.42% compared to CNY 29,025,965.84 in 2019[25]. - Basic and diluted earnings per share for 2020 were both CNY 0.3, reflecting a 66.67% increase from CNY 0.18 in 2019[25]. - Total assets at the end of 2020 amounted to CNY 10,961,844,736.93, a 34.46% increase from CNY 8,152,223,247.60 in 2019[25]. - The company's net assets attributable to shareholders increased by 31.98% to CNY 4,746,763,769.00 from CNY 3,596,639,092.00 in 2019[25]. - The company achieved a revenue of 302,215.01 million CNY in 2020, representing a year-on-year increase of 14.77%[67]. - Net profit attributable to shareholders reached 25,600.30 million CNY, up 67.85% compared to the previous year[67]. - The total assets of the company increased by 34.46% year-on-year, amounting to 1,096,184.47 million CNY[67]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.3 RMB per 10 shares based on a total of 993,635,018 shares[8]. - The company achieved a net profit of ¥276,657,321 in 2020, with a proposed cash dividend of ¥0.3 per share, totaling ¥29,809,050.54, which represents 11.64% of the net profit attributable to shareholders[157]. - The cumulative distributable profit for the parent company at the end of 2020 was ¥1,127,963,811.06, with retained earnings of ¥1,098,154,760.52 to be carried forward to future distributions[157]. - The cash dividend distribution plan for 2020 was approved by the board on April 14, 2021, reflecting the company's commitment to returning value to shareholders[157]. - The company reported a total cash dividend of ¥29,809,050.54 for 2020, marking a significant increase from the previous year when no dividends were distributed[157]. Investment and Expansion - The company is expanding its overseas geothermal power market, facing potential political and policy risks in the countries of investment[6]. - Financial costs are expected to increase due to significant upfront investments in overseas geothermal projects, which may also expose the company to foreign exchange risks[8]. - The company will actively pursue multi-channel financing to reduce financial costs associated with overseas investments[8]. - The company has completed drilling work on 10 geothermal wells at the SMGP project, with an expected total resource capacity of approximately 100 MW[55]. - The company plans to complete the second phase of the 45MW geothermal power station in Indonesia by Q2 2021, despite delays caused by the pandemic[70]. - The company has signed an EPC contract worth 6.0352 million USD for a 3.2 MW project in Turkey, with expected operation in Q2 2021[57]. - The company plans to secure project financing from international financial institutions like the Asian Infrastructure Investment Bank, focusing on risk and cost control[146]. - The company has acquired geothermal assets in Turkey for $9.01 million, which includes five existing geothermal wells with an estimated resource capacity of 7-10MW[82]. - The company plans to expand its geothermal power business in the USA, capitalizing on the government's continued support for geothermal energy development[77]. Research and Development - The company aims to maintain a sustainable development team focused on research and development, management, and engineering technology[8]. - The company’s R&D investment for the reporting period was 10,637.55 million CNY, with a total of 135 valid patents held[63]. - The company has maintained a commitment to not occupy the funds of the listed company, ensuring compliance with regulatory requirements[161]. - The company has implemented measures to reduce related party transactions, including changing the electricity billing account to eliminate the need for advance payments to related parties[166]. - The company has established a commitment to avoid unnecessary related party transactions, adhering to market principles[176]. Risk Management - The company emphasizes the importance of a global recruitment strategy to optimize its teams for geothermal project development and compressor business operations[8]. - The company is committed to improving its risk assessment and control systems to minimize the impact of external risks on its overseas projects[6]. - The company acknowledges the ongoing macroeconomic risks, including the impact of the COVID-19 pandemic and trade tensions[6]. - The company faces risks related to macroeconomic conditions, including the ongoing COVID-19 pandemic and geopolitical tensions, which may adversely affect business development[149]. - The company anticipates increased financial costs due to significant upfront investments in overseas geothermal projects, alongside risks from currency fluctuations[150]. Operational Efficiency - The company has a procurement management system that includes supplier evaluation and management procedures, ensuring stable raw material supply and cost control[50]. - The company has transitioned its business model from selling compressors to providing compressed air service solutions, aiming to meet diverse customer needs and tap into existing markets[46]. - The company has established a complete and independent product R&D, manufacturing, marketing, and service system, focusing on the global expansion of its compressor business[46]. - The company has focused on the research, manufacturing, and sales of compressor products, maintaining a leading position in the industry[38]. - The company’s manufacturing scale ranks among the industry leaders, with a high self-manufacturing rate and advanced equipment levels, allowing effective control of production costs and product quality[50]. Corporate Governance - The company aims to enhance its governance structure and internal control mechanisms to ensure timely and accurate information disclosure, protecting the interests of investors[149]. - The company has adhered to all commitments made during the asset restructuring process, with no violations reported[161]. - The company has confirmed that there were no violations of commitments made by its controlling shareholders during the reporting period[170]. - The company has maintained compliance with all relevant laws and regulations, including those set forth by the China Securities Regulatory Commission[179].

Financial Performance - Operating revenue for the third quarter was ¥745,791,800.73, representing a year-on-year growth of 19.88%[8] - Net profit attributable to shareholders was ¥76,119,627.19, a significant increase of 100.37% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥73,690,768.54, up by 108.55% year-on-year[8] - Basic earnings per share increased to ¥0.0887, reflecting a growth of 100.23% year-on-year[8] - The company reported a net profit of ¥1,127,744,665.86, compared to ¥933,569,817.88 in the previous year, representing a growth of approximately 20.8%[42] - Net profit for the current period was ¥78,144,019.90, compared to ¥38,368,387.86 in the previous period, indicating a growth of approximately 103.5%[57] - Net profit attributable to the parent company was ¥194,174,847.98, compared to ¥93,691,498.12 in the previous period, indicating a year-over-year increase of 107.1%[71] - The company reported a total profit of ¥86,935,100.76 for the current period, up from ¥50,229,715.34, which is an increase of approximately 72.5%[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,406,358,018.16, an increase of 15.38% compared to the previous year[8] - The total liabilities reached ¥5,709,671,791.78, compared to ¥4,562,563,534.58, indicating a growth of approximately 25.1%[42] - Current liabilities rose to ¥3,891,645,370.74 from ¥2,725,315,227.80, marking an increase of approximately 42.9%[39] - Total current assets reached CNY 3,238,219,180.60, compared to CNY 2,807,199,550.64 at the beginning of the period[33] - Total equity attributable to shareholders reached ¥3,596,639,092.40, while total equity was ¥3,589,659,713.02[104] Cash Flow - The net cash flow from operating activities was ¥117,985,631.86, a remarkable increase of 4,165.52% compared to the previous year[8] - Cash flow from operating activities generated a net amount of ¥174,716,736.39, a significant recovery from a negative cash flow of -¥42,894,814.14 in the previous period[85] - Cash flow from investing activities resulted in a net outflow of -¥569,145,389.37, slightly improved from -¥654,452,664.49 in the previous period[88] - Cash inflow from financing activities was $1,232,799,694.56, an increase of 55.0% from $795,054,800.00 in the previous period[94] Shareholder Information - The company reported a total of 10,383 common shareholders at the end of the reporting period[12] - The largest shareholder, Kaishan Holding Group, holds 57.72% of the shares, with 225,000,000 shares pledged[12] - The total number of shares held by the controlling shareholder, Kaishan Holding Group Co., Ltd., is 495,262,198, accounting for 57.72% of the company's total share capital[23] Expenses - Total operating costs increased to ¥664,276,620.05 from ¥574,927,136.91, reflecting a rise of about 15.6%[54] - The company's R&D expenses rose to ¥34,471,074.70 from ¥18,502,948.15, marking an increase of about 86%[54] - Financial expenses surged by 99.18%, rising from CNY 25,602,774.08 to CNY 50,994,957.74, attributed to increased interest payments and exchange losses[23] - Tax expenses for the current period were ¥33,521,442.03, up from ¥25,306,641.29, which is an increase of 32.8%[71] Inventory and Receivables - The company's accounts receivable increased by 53.38%, from CNY 381,427,335.43 to CNY 585,034,314.85[23] - The company's inventory increased to CNY 1,189,486,368.96, up from CNY 1,114,714,411.54[33] - Accounts receivable rose to ¥652,108,070.64 from ¥446,017,782.93, reflecting an increase of approximately 46.2%[43] Other Financial Metrics - The weighted average return on equity rose to 2.11%, compared to 1.02% in the same period last year[8] - The company's cash and cash equivalents increased to ¥494,272,507.75 from ¥336,826,131.89, a rise of about 46.8%[43] - The company experienced a credit impairment loss of ¥7,089,165.65 during the current period[71] - The company has a capital reserve of ¥1,506,872,933.97, contributing to overall equity stability[113]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.415 billion, representing a 12.03% increase compared to the same period last year[24]. - The net profit attributable to shareholders of the listed company reached approximately ¥118.06 million, a significant increase of 111.94% year-on-year[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥108.62 million, reflecting a 135.05% increase compared to the previous year[24]. - Basic earnings per share were ¥0.1376, up 112.02% from ¥0.06 in the previous year[24]. - The company achieved a total profit of 147.04 million yuan, representing a year-on-year increase of 114.96%[38]. - The company reported a significant increase in financial costs due to large upfront investments required for overseas geothermal projects, which may impact overall financial performance[78]. - The net profit for the period was 122,309,252.67, a significant increase from 54,958,210.73 in the previous period, representing a growth of approximately 122.2%[198]. Cash Flow and Assets - The net cash flow from operating activities was approximately ¥56.73 million, a turnaround from a negative cash flow of ¥38.38 million in the same period last year, marking a 241.85% improvement[24]. - Total assets at the end of the reporting period were approximately ¥9.132 billion, an increase of 12.01% from the end of the previous year[24]. - Cash and cash equivalents at the end of the reporting period totaled ¥825,529,543.68, representing 9.04% of total assets, a decrease from 10.32% in the previous year[57]. - The company's current assets totaled RMB 3,189,488,662.50, up from RMB 2,807,199,550.64, indicating an increase of about 13.6%[179]. - Total liabilities reached RMB 5,380,811,320.15, up from RMB 4,562,563,534.58, which is an increase of about 17.9%[182]. Investments and Projects - The company plans to raise up to CNY 1.5 billion through a private placement to fund the second phase of the Indonesian SMGP geothermal project[48]. - The ongoing projects, including SMGP, SGI, and Star Peak, contributed to an increase in construction in progress by 502.64 million yuan[42]. - The geothermal project in Indonesia has an investment of ¥305,310,723.23, with a completion rate of 52%[66]. - The company has expanded its global footprint with acquisitions of overseas geothermal companies, facing risks related to political and policy environments in those regions[78]. Research and Development - Research and development expenses amounted to CNY 44,903,080.45, a 2.15% increase year-on-year, accounting for 3.17% of total revenue[48]. - The company has successfully developed proprietary screw expansion power generation technology, which represents a disruptive innovation in geothermal power generation, potentially reducing development cycles and investment intensity[78]. - The company aims to leverage new technologies to improve product offerings and customer satisfaction in the upcoming quarters[200]. Risk Management and Challenges - The company has acknowledged potential risks related to macroeconomic conditions and management challenges due to expansion[5]. - The company has faced macroeconomic risks due to the ongoing impact of the COVID-19 pandemic, which has affected its overseas geothermal project development[78]. - The company plans to enhance its risk management capabilities by improving its risk assessment and control systems to mitigate potential project delays and financial risks[78]. Shareholder Information - The largest shareholder, Kaishan Holding Group, owns 495,262,198 shares, representing 57.72% of the total shares[142]. - The total number of shares after the recent changes is 858,000,000, maintaining a 100% ownership structure[137]. - The company has not distributed cash dividends or bonus shares for the reporting period, indicating a focus on reinvestment[84]. Market Presence - The company achieved sales of 535.23 million in the same period, indicating a significant market presence[106]. - The company continues to explore market expansion and new strategies through its employee stock ownership plan and related party transactions[96]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[200].

Financial Performance - Total operating revenue for Q1 2020 was ¥563,000,463.88, a decrease of 14.91% compared to the same period last year[8] - Net profit attributable to shareholders was ¥30,171,145.45, down 7.32% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥23,444,955.60, a decrease of 24.97%[8] - Operating profit for the period was 40.67 million yuan, an increase of 4.57% compared to the same period last year[24] - Net profit attributable to shareholders was 30.17 million yuan, down 7.32% year-on-year[24] - The company reported a total profit of ¥40,760,180.25, compared to ¥38,927,082.98 in the previous period, representing an increase of 4.7%[58] - Net profit for the current period was ¥31,970,309.60, slightly down from ¥32,293,416.68, indicating a decrease of 1.0%[58] - The company reported a net profit of CNY 963,740,963.33, an increase from CNY 933,569,817.88, representing a growth of about 3%[43] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥17,689,860.59, an increase of 202.12% compared to the previous year[8] - Cash flow from operating activities showed a net inflow of 176.90 million yuan, a significant increase of 202.12% compared to the same period last year[23] - Cash inflow from operating activities was CNY 677,343,063.31, down from CNY 793,271,290.59 in the previous period, representing a decrease of approximately 14.6%[69] - Cash outflow from operating activities totaled CNY 659,653,202.72, a decrease from CNY 810,593,070.87, indicating a reduction of about 18.6%[72] - Cash flow from financing activities generated CNY 241,061,506.63, an increase from CNY 113,484,928.84 in the previous period[75] - Cash flow from investing activities showed a net outflow of approximately 303.04 million yuan, a 69.60% increase in cash outflow compared to the previous year[23] - Cash flow from investing activities resulted in a net outflow of CNY -267,604,853.19, compared to a net outflow of CNY -125,707,934.63 in the previous period[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,469,748,451.77, reflecting a growth of 3.89% from the end of the previous year[8] - The total assets of the company reached approximately 8.47 billion yuan, an increase from 8.15 billion yuan at the end of the previous year[36] - Total liabilities rose to CNY 2,851,770,330.07, up from CNY 2,483,086,258.51, indicating an increase of approximately 15%[50] - Total liabilities reached CNY 4,562,563,534.58, with current liabilities at CNY 2,725,315,227.80[86] - Current assets totaled CNY 2,807,199,550.64, with inventory at CNY 1,114,714,411.54[83] Shareholder Information - The largest shareholder, Kaishan Holding Group, holds 57.72% of the company's shares, totaling 495,262,198 shares[13] - The total number of ordinary shareholders at the end of the reporting period was 9,551[13] - There were no repurchase transactions conducted by the top 10 shareholders during the reporting period[20] Government Support and Other Income - The company received government subsidies amounting to ¥8,184,382.99 during the reporting period[8] - Other income surged by 448.25% to 81.83 million yuan, driven by increased government subsidies and social security refunds[23] - Other income increased significantly to ¥8,182,696.89 from ¥1,492,519.86, marking a growth of 448.5%[58] Research and Development - Research and development expenses were ¥17,912,800.88, down from ¥20,306,603.51, a decrease of 11.8%[58] Earnings Per Share - Basic and diluted earnings per share remained stable at ¥0.04, showing no change from the previous year[8] - The earnings per share remained stable at ¥0.04 for both the current and previous periods[61] - Basic and diluted earnings per share were both CNY 0.00, compared to CNY 0.01 in the previous period[68]

Financial Performance - The total operating revenue for 2019 was CNY 2,633,306,709.24, representing a year-on-year increase of 0.81% compared to CNY 2,599,905,100.81 in 2018[21]. - The net profit attributable to shareholders of the listed company reached CNY 152,522,160.42, an increase of 24.22% from CNY 120,761,128.82 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 137,007,546.91, up 16.12% from CNY 115,962,551.10 in 2018[21]. - Basic earnings per share increased to CNY 0.18, up 28.57% from CNY 0.14 in 2018[21]. - The gross profit margin for the company was reported at 28.95%[60]. - The company reported a total of 15.51 million CNY in non-recurring gains and losses for the year, primarily from government subsidies and asset disposals[28]. Cash Flow and Investments - The net cash flow from operating activities was CNY 29,025,965.84, a significant decrease of 79.48% compared to CNY 142,231,147.79 in the previous year[21]. - The net cash flow from operating activities turned positive in Q4, amounting to 69.53 million CNY, after negative cash flows in the first three quarters[25]. - Investment cash inflow decreased by 96.23% to ¥4,926,663.16, primarily due to the absence of financial product redemptions this year[105]. - The company reported a net cash outflow from investment activities of ¥739,417,881.75, a 46.27% improvement compared to the previous year[102]. - The total investment during the reporting period was CNY 359,182,748.53, a significant decrease of 69.27% compared to CNY 1,168,658,232.62 in the previous year[114]. Assets and Liabilities - The total assets at the end of 2019 were CNY 8,152,223,247.60, reflecting a growth of 7.36% from CNY 7,584,850,019.60 at the end of 2018[21]. - The net assets attributable to shareholders of the listed company were CNY 3,596,639,092.40, an increase of 2.25% from CNY 3,514,416,814.08 in 2018[21]. - The company's cash and cash equivalents decreased from CNY 1,014,057,348.38 (13.35%) at the beginning of the year to CNY 610,465,399.83 (7.49%) at year-end, a reduction of 5.86%[109]. - Fixed assets rose significantly from CNY 974,689,316.11 (12.84%) to CNY 2,102,925,774.73 (25.80%), an increase of 12.96% primarily due to the transfer of construction projects to fixed assets[109]. - The company's long-term borrowings increased from CNY 1,359,510,230.44 (17.90%) to CNY 1,764,264,148.31 (21.64%), a rise of 3.74% attributed to new long-term loans for the SMGP project[109]. Market and Product Development - The company focuses on the research, manufacturing, and sales of various compressor products, maintaining a leading position in the industry[35]. - New product lines include electric screw air compressors and diesel-powered screw air compressors, catering to mining and construction sectors[35]. - The company aims to enhance its product offerings and technological advancements to capture a larger market share in the compressor industry[35]. - The company plans to expand its market presence in sectors such as petrochemicals and metallurgy, leveraging its advanced technology[35]. - The company plans to raise up to ¥1.5 billion through a non-public offering of A-shares to fund the second phase of the 240MW geothermal power project in Indonesia and to supplement working capital[79]. International Expansion - The company's overseas sales revenue for compressors reached $9,623 million in 2019, with a target to achieve $300 million by 2023[44]. - The company is actively pursuing overseas market expansion in Southeast Asia, the Americas, and the Middle East to increase its global footprint[44]. - The company has established sales subsidiaries in the US, Europe, Australia, India, and Taiwan to support its global marketing strategy[44]. - The company aims to enhance its international market presence by establishing subsidiaries in regions such as Australia, India, and Poland[60]. Risk Management - The company has identified potential risks including macroeconomic factors and project execution challenges, which may impact future performance[5]. - The company faces risks related to macroeconomic conditions and potential political changes in overseas markets[125]. - The company anticipates intensified competition in the domestic compressor market due to the impact of COVID-19[122]. Governance and Compliance - The company has made significant commitments to uphold legal and regulatory compliance during its operations[8]. - The company has not faced any penalties or losses due to non-payment of social security and housing fund contributions[9]. - The company’s independent directors confirmed that the cash dividend policy was compliant with regulations and adequately protected minority shareholders' rights[132]. Shareholder Returns - The company proposed a cash dividend of 1.0 yuan (including tax) for every 10 shares, totaling 85,800,000.00 yuan for the 2018 fiscal year[132]. - The company did not distribute any profits for the 2019 fiscal year, with retained earnings carried forward to the next year[136]. - The total distributable profit for the company was 878,972,222.16 yuan, with a cash dividend ratio of 0.00% for 2019[133]. - The company’s cash dividend total for 2019 was 0.00 yuan, indicating no distribution to shareholders[133].

Financial Performance - Operating revenue for the reporting period was ¥602,967,527.97, reflecting a year-on-year increase of 3.20%[7] - Net profit attributable to shareholders was ¥36,953,198.25, up 1.35% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥34,295,137.08, an increase of 2.32% compared to the same period last year[7] - Basic earnings per share for the reporting period was ¥0.0431, representing a 1.41% increase year-on-year[7] - The company's net profit for the current period is CNY 37,331,399.90, compared to CNY 36,548,406.02 in the previous period, reflecting an increase of approximately 2.14%[50] - The total profit for the current period is CNY 49,450,021.59, up from CNY 47,674,313.10 in the previous period, indicating a growth of about 3.25%[50] - Net profit for the current period is ¥91,079,086.50, an increase of 3.2% compared to ¥87,662,617.62 in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,879,504,298.52, an increase of 3.88% compared to the previous year[7] - Current liabilities totaled ¥2,714,124,668.82, compared to ¥2,648,856,777.03 in the previous period, reflecting an increase in short-term borrowings[32] - The total liabilities amounted to CNY 4,074,187,241.40, with non-current liabilities at CNY 1,425,330,464.37[105] - Total equity attributable to shareholders reached CNY 3,514,416,814.08, while total equity was CNY 3,510,662,778.20[105] Cash Flow - The net cash flow from operating activities was negative at -¥40,507,319.62, a decline of 128.33% year-on-year[7] - Cash inflow from operating activities was ¥2,104,979,057.23, down from ¥2,261,576,170.49, representing a decrease of about 6.92%[80] - Cash outflow for purchasing goods and services was ¥1,369,305,807.59, slightly up from ¥1,355,612,500.91, showing an increase of approximately 1.39%[80] - Cash flow from financing activities decreased by 64.63% to ¥356,595,768.30, primarily due to increased loan repayments[18] - The net cash flow from financing activities was ¥356,595,768.30, down from ¥1,008,189,652.23, indicating a decline of about 64.66%[86] Expenses - Financial expenses grew by 52.96% to ¥25,620,432.40 due to increased interest payments and exchange losses[18] - Research and development expenses for Q3 2019 were CNY 18,502,948.15, down from CNY 25,193,854.10 in Q3 2018, a decrease of 26.6%[47] - The income tax expense for the current period is CNY 12,118,621.69, compared to CNY 11,125,907.08 in the previous period, reflecting an increase of approximately 8.93%[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,631[11] - The largest shareholder, Kaishan Holding Group Co., Ltd., held 57.72% of the shares, amounting to 495,262,198 shares[11] Other Financial Metrics - The weighted average return on net assets was 1.02%, a decrease of 0.02% compared to the previous year[7] - Other income surged by 114.35% to ¥16,345,819.21, driven by an increase in social security refunds received[18] - The total comprehensive income amounted to ¥42,107,811.04, compared to ¥40,386,752.94 in the previous period, reflecting an increase of approximately 4.25%[79] - Basic and diluted earnings per share were both ¥0.0491, up from ¥0.0471, indicating a growth of 4.25%[79]