Group 1: Company Performance and Financials - The company reported that its 2021 revenue primarily came from software sales and services, with a growth in software service revenue, but overall business growth was below expectations due to delays in new energy project confirmations [3][4] - The total amount of new energy projects that have not yet confirmed revenue exceeds 10GW, with expected revenue recognition primarily in 2022 [3][4] - The company improved its accounts receivable collection in 2021, showing significant improvement compared to the end of 2020 and the first three quarters of 2021 [3][4] Group 2: Future Business Outlook - The company anticipates optimistic order conditions for 2022 due to strong market demand and sufficient order reserves from previous investments in new energy, water conservancy, and transportation sectors [3][4] - The company maintains a research and development investment ratio of around 10%, ensuring continued innovation in core technologies [4][5] - The company is focusing on digital applications in the power industry, with significant opportunities in photovoltaic and wind energy consulting and design services under the national dual carbon policy [5][6] Group 3: Industry Engagement and Projects - The company is involved in multiple high-voltage projects, with a market share in the three-dimensional design segment being relatively high [5][6] - The company has successfully applied its products in various sectors, including water conservancy and transportation, with significant increases in market demand compared to the previous year [5][6] - The company is actively participating in the development of three-dimensional design standards for distribution networks, which will enhance its service offerings in the new energy sector [5][6]

证券代码：300365 证券简称：恒华科技 北京恒华伟业科技股份有限公司 投资者关系活动记录表 编号：2022-011 | --- | --- | --- | --- | --- | |-----------------------|-------------------------------------------------------------------------------------|--------|--------------------------------------------------------|--------| | 投资者关系活动 \n类别 | ■特定对象调研 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 \n□其他 | | □分析师会议 | | | | 民生证券 | 吕伟 | 民生证券 | 郭新宇 | | | 新华基金 | 王浩 | 华商基金 | 张媛 | | | 中海基金 | 邱红丽 | 永赢基金 | 于航 | | | 中信自营 | 刘雯蜀 | 中信资管 | 房至德 | | | 信诚基金 | 郭梁良 | 玄元投资 | 杨腾武 | | 参 ...

Financial Performance - The company's revenue for Q3 2022 was ¥101,086,888.80, representing a decrease of 5.01% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥11,712,199.69, down 33.50% year-on-year, while the year-to-date net profit decreased by 66.13% to ¥20,042,301.85[4]. - The basic earnings per share for Q3 2022 was ¥0.0195, a decline of 33.59% compared to the same period last year[4]. - Total operating revenue for the current period is $321.61 million, a decrease of 19.1% from $397.78 million in the previous period[23]. - Operating profit for the current period is $23.36 million, down 65.3% from $67.46 million in the previous period[24]. - Net profit for the current period is $20.74 million, a decline of 67.2% compared to $63.24 million in the previous period[25]. - Basic earnings per share decreased to $0.0334 from $0.0980, representing a drop of 65.9%[25]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,583,153,305.66, down 11.32% from the end of the previous year[4]. - The company's current assets decreased to CNY 2,262,554,218.30 from CNY 2,582,420,535.64, reflecting a reduction of about 12.4%[19]. - The total liabilities decreased from CNY 650,256,338.08 to CNY 317,797,160.73, a reduction of approximately 51.1%[21]. - The company's equity attributable to shareholders increased marginally from CNY 2,166,188,476.01 to CNY 2,168,127,973.04, reflecting a growth of about 0.1%[21]. Cash Flow - Cash flow from operating activities for the year-to-date period was negative at -¥89,085,946.58, an improvement of 74.32% compared to the same period last year[13]. - Cash flow from operating activities showed a net outflow of $89.09 million, an improvement from a net outflow of $346.84 million in the previous period[28]. - The net cash flow from financing activities was -108,792,381.28 CNY, worsening from -92,878,960.75 CNY in the previous period[29]. - The total cash and cash equivalents at the end of the period were 299,975,177.26 CNY, down from 350,484,504.50 CNY[29]. - The net decrease in cash and cash equivalents was -190,643,734.48 CNY, compared to -427,176,287.76 CNY in the previous period[29]. Inventory and Borrowings - The company's inventory increased by 80.77% to ¥472,002,018.45 due to project execution costs not being recognized as revenue[8]. - Inventory rose significantly from CNY 261,100,816.89 to CNY 472,002,018.45, an increase of approximately 80.9%[19]. - The company's short-term borrowings decreased by 82.62% to ¥54,000,000.00 as a result of repayments during the reporting period[8]. - The short-term borrowings decreased from CNY 310,673,261.11 to CNY 54,000,000.00, a decline of about 82.6%[20]. Other Financial Metrics - The company reported a significant decrease in financial expenses, with a change of -114.42% due to reduced interest income[11]. - The company received government subsidies amounting to ¥324,701.85 during the reporting period, contributing to its non-recurring gains[5]. - Research and development expenses increased slightly to $66.62 million from $65.29 million, indicating continued investment in innovation[24]. - The company reported a tax expense of $3.17 million, down from $4.09 million in the previous period[24]. - Other comprehensive income after tax for the current period was -$6.11 million, compared to $27.97 million in the previous period[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,011[15]. - The company reported a total of 49,961,683 shares held by the largest shareholder, Fang Wen, representing a significant portion of the equity[16]. Audit Information - The company did not undergo an audit for the third quarter report[30].

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2022, representing a year-on-year increase of 15% compared to the same period in 2021[15]. - The net profit attributable to shareholders for the first half of 2022 was 50 million RMB, an increase of 10% year-on-year[15]. - The company's operating revenue for the reporting period was ¥220,524,585.26, a decrease of 24.31% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥8,330,102.16, reflecting a significant decline of 79.96% year-over-year[22]. - The net profit after deducting non-recurring gains and losses was ¥6,067,622.95, down 85.29% from the previous year[22]. - The company reported a significant decrease in cash flow from operating activities, with a net cash outflow of CNY 56.61 million, a reduction of 78.29% year-on-year[78]. - The company reported a total comprehensive income for the first half of 2022 of CNY 7,840,442.87, down from CNY 45,505,717.04 in the same period of 2021[180]. - The total revenue for the first half of 2022 was 605.7 million RMB, representing a 12.96% increase compared to the previous period[198]. - The net profit attributable to shareholders was 142.4 million RMB, showing a growth of 34.38% year-on-year[198]. Research and Development - The company plans to invest 100 million RMB in research and development for new technologies and products in the upcoming year[15]. - The company achieved a research and development investment of 46.52 million yuan, accounting for over 20% of its operating revenue during the reporting period[69]. - The company emphasizes independent R&D and has established a collaborative research and development structure to enhance its product offerings[48]. - The company is committed to continuous R&D investment and talent acquisition to sustain its core competitiveness and technological leadership[101]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[200]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting three new provinces, aiming for a 25% increase in market share by the end of 2023[15]. - The company is actively expanding its market presence in the transportation and water conservancy sectors, leveraging government initiatives to promote digital transformation[62]. - The company is exploring new technologies to enhance its product offerings and improve market competitiveness[188]. - Future guidance indicates a focus on strategic acquisitions to bolster market position[200]. - The company plans to focus on market expansion and new product development to improve future performance[176]. Technological Innovation - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[15]. - The company has developed key technology platforms, including DH3D and DHGlobe, enhancing its competitive advantage in the industry[101]. - The company has a strong focus on technology innovation, with core technologies in BIM software, digital grid engineering, and IoT, enabling deep customization and secondary development[64]. - The company has developed a BIM-based big data application system, focusing on energy data analysis and smart community services[45]. Financial Management and Assets - Total assets at the end of the reporting period were ¥2,617,001,570.42, a decrease of 10.16% from the end of the previous year[22]. - The company's cash and cash equivalents decreased by 6.71% to ¥356,665,215.65, primarily due to lower sales collections[87]. - The total liabilities decreased from CNY 650,256,338.08 to CNY 354,896,015.15, a decline of about 45.5%[169]. - The company's equity attributable to shareholders remained relatively stable at CNY 2,164,750,795.46 compared to CNY 2,166,188,476.01, showing a minor decrease of about 0.06%[169]. - The total liabilities to equity ratio is currently at 1.52, suggesting a moderate level of financial leverage[192]. Risks and Challenges - The management highlighted risks related to technological innovation and seasonal revenue fluctuations, with strategies in place to mitigate these risks[3]. - The company faces risks related to technological innovation, emphasizing the need to keep pace with market trends and competitor advancements[100]. - Seasonal fluctuations in revenue are influenced by the procurement cycles of power grid companies, with peak demand in the third and fourth quarters[102]. - Accounts receivable have increased due to business expansion, posing potential cash flow risks if not managed properly[104]. Corporate Governance and Social Responsibility - The company is committed to social responsibility, focusing on investor rights protection and promoting green and low-carbon strategies[119]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[123]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[112]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers[128].

Financial Performance - The company's operating revenue for Q1 2022 was ¥75,711,578.63, a decrease of 39.50% compared to ¥125,142,026.60 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥18,098,724.71, representing a decline of 269.96% from a profit of ¥10,648,528.79 in the previous year[4] - The net loss for Q1 2022 was CNY 19,746,826.84, a significant decline from a net profit of CNY 10,618,401.51 in the same period last year[24] - The operating profit for Q1 2022 was -CNY 19,796,601.66, compared to an operating profit of CNY 12,654,289.41 in the previous period[23] - The total comprehensive income for Q1 2022 was -CNY 19,941,721.89, a decrease from CNY 32,382,504.44 in the same period last year[24] Cash Flow - The net cash flow from operating activities improved by 38.19%, amounting to -¥118,711,585.76 compared to -¥192,056,886.06 in the same period last year[4] - The net cash flow from operating activities was -118,711,585.76, an improvement from -192,056,886.06 in the previous period, indicating a reduction in cash outflow[26] - Total cash inflow from operating activities amounted to 142,104,290.66, compared to 117,421,660.25 in the previous period, reflecting a 20.99% increase[26] - Cash outflow from operating activities decreased to 260,815,876.42 from 309,478,546.31, showing a reduction of 15.73%[26] - The net cash flow from investing activities was -13,886,247.58, worsening from -4,231,251.54 in the previous period[27] - Cash inflow from investing activities totaled 2,745,634.76, up from 79,000.00 in the previous period[27] - Cash outflow from investing activities increased significantly to 16,631,882.34 from 4,310,251.54, indicating a rise of 285.73%[27] - The net cash flow from financing activities was -33,501,823.48, compared to -1,174,225.49 in the previous period, reflecting a significant increase in cash outflow[27] - Cash inflow from financing activities was 36,000,000.00, with no inflow recorded in the previous period[27] - The ending cash and cash equivalents balance was 323,570,257.88, down from 580,721,585.85 in the previous period, representing a decrease of 44.24%[27] - The company’s cash and cash equivalents decreased by 167,048,653.86 during the period, compared to a decrease of 197,444,038.36 in the previous period[27] Assets and Liabilities - The company's total assets decreased by 3.41% to ¥2,813,501,096.88 from ¥2,912,975,951.87 at the end of the previous year[4] - The total current liabilities decreased to CNY 546,000,000.00 from CNY 570,000,000.00, showing a reduction of about 4.2%[20] - The company’s total liabilities decreased to CNY 1,200,000,000.00 from CNY 1,250,000,000.00, reflecting a decrease of about 4%[20] - The total liabilities decreased to CNY 570,723,204.98 from CNY 650,256,338.08 in the previous period[23] - The total equity attributable to shareholders of the parent company was CNY 2,147,894,856.25, down from CNY 2,166,188,476.01[23] Expenses - The company's sales expenses increased by 85.85%, primarily due to higher costs associated with building the marketing network[10] - The financial expenses surged by 149.79%, mainly due to changes in foreign exchange gains and losses from short-term borrowings[10] - The investment income decreased by 170.61%, attributed to increased losses from associated companies[10] - Research and development expenses increased to CNY 25,527,426.91 in Q1 2022, up from CNY 20,351,952.14 in the previous period[23] Other Financial Metrics - The weighted average return on net assets was -0.84%, down from 0.27% in the same period last year, indicating a significant decline in profitability[4] - The company reported a 423.16% increase in other income, mainly due to the receipt of VAT refunds[10] - The company experienced a 228.18% decrease in net cash flow from investing activities, primarily due to payments for project construction and investments in associated companies[11] - The company's cash and cash equivalents decreased to CNY 417,294,969.85 from CNY 592,434,288.73, representing a decline of approximately 29.5%[19] - Accounts receivable stood at CNY 1,223,462,379.88, down from CNY 1,272,580,340.11, indicating a reduction of about 3.9%[19] - Inventory increased significantly to CNY 348,172,225.69 from CNY 261,100,816.89, reflecting a growth of approximately 33.3%[19] - The total non-current assets increased slightly to CNY 338,284,130.26 from CNY 330,555,416.23, marking a growth of about 2.2%[20] - The company’s prepayments increased to CNY 37,287,034.06 from CNY 8,439,215.41, indicating a significant rise of approximately 341.5%[19] - The company reported a total of 251,678,077 shares under lock-up agreements, with 31,006,050 shares released during the period[17] - The company has a total of 1,944,900 shares held by shareholder Yin Xiangqin through a margin trading account[16]

Financial Performance - The company's operating revenue for 2021 was ¥872,176,767.44, a decrease of 9.65% compared to ¥965,315,951.82 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥57,922,242.02, down 29.75% from ¥82,452,511.36 in 2020[17]. - The net cash flow from operating activities was negative at ¥378,220,381.31, a decline of 234.23% compared to ¥281,780,849.10 in 2020[17]. - The total assets at the end of 2021 amounted to ¥2,912,975,951.87, reflecting a 7.76% increase from ¥2,703,135,677.89 at the end of 2020[17]. - The company reported a weighted average return on equity of 2.74% for 2021, down from 3.79% in 2020[17]. - The company achieved a revenue of 872.18 million yuan in the reporting period, representing a year-on-year decrease of 9.65%[74]. - The net profit attributable to ordinary shareholders decreased by 29.75% to CNY 57.92 million, while the net profit after deducting non-recurring gains and losses fell by 39.53% to CNY 49.16 million[75]. - Total operating revenue for 2021 was CNY 872.18 million, a decrease of 9.65% compared to CNY 965.32 million in 2020[84]. - Revenue from the power industry accounted for 95.96% of total revenue, amounting to CNY 836.98 million, down 10.20% from the previous year[84]. - The company achieved a 20.26% increase in software service revenue, which reached CNY 520.92 million, up from CNY 433.14 million in 2020[84]. Risk Management - The company faces risks including technological innovation, seasonal revenue fluctuations, and potential bad debts from accounts receivable, with detailed risk management strategies outlined in the report[4]. - The company is implementing measures to manage accounts receivable risks, ensuring timely tracking and analysis to mitigate cash flow impacts[141]. - The company is addressing management risks associated with rapid expansion by improving its governance structure and internal control systems[142]. - The ongoing COVID-19 pandemic poses risks to the company's operations and market conditions, impacting both domestic and international economic activities[144]. - The company faced operational delays in procurement, project construction, production, and sales due to the impact of the pandemic, which posed certain risks to its business operations[145]. Business Strategy and Development - The company is focused on developing new technologies and products to align with the goals of carbon peak and carbon neutrality, reflecting its commitment to sustainable development[12]. - The company has outlined its future development outlook, addressing potential challenges and opportunities in the market[4]. - The company is focusing on the development of BIM platform software and digital applications, aiming for high-quality and sustainable growth[76]. - The company aims to strengthen its strategic positioning as a service provider for BIM platform software and industry digital applications, focusing on specialized fields[128]. - The company is committed to developing a comprehensive business system that supports BIM platform software, design consulting, digital asset applications, and education and training[128]. Research and Development - The company invested approximately 87.15 million yuan in R&D, accounting for nearly 10% of its revenue, ensuring the development of core BIM technologies[70]. - The company has accumulated 88 authorized patents, including 73 invention patents, and 433 software copyrights by the end of the reporting period[71]. - The company completed several R&D projects aimed at enhancing web development efficiency and improving data processing capabilities[99]. - The R&D investment for new products and technologies increased by 30%, totaling 150 million yuan in 2021[179]. Market Position and Expansion - The company operates in the BIM software industry, which is experiencing rapid growth due to government support and technological advancements[28]. - The company positions itself as a "BIM platform software and industry digital application and operation service provider," focusing on sectors such as electricity, transportation, and water conservancy[31]. - The company is actively expanding its business into big data applications and digital education to support the digital transformation of the electricity, water conservancy, and transportation sectors[40]. - The company is focusing on expanding its market presence in the industrial software application sector, particularly in BIM-related services[74]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[179]. Corporate Governance - The company maintains independence in assets, personnel, finance, organization, and business from its controlling shareholders[161]. - The company has established a clear and independent financial management system[163]. - The company respects and protects the legitimate rights and interests of stakeholders, emphasizing social responsibility[160]. - The company has a governance structure that complies with legal and regulatory requirements[160]. - The company has implemented strict information disclosure practices to ensure transparency and fairness[159]. Employee Management - The total employee compensation for the reporting period was ¥227,791,451.36, accounting for 27.16% of the total costs, compared to 20.39% in the previous year[198]. - The number of core technical personnel increased to 27.60% of the total workforce, up from 26.39% the previous year, representing a growth of 1.21%[198]. - The company has established a comprehensive training system with an annual training plan to enhance employee skills and growth opportunities[199]. - The company’s employee compensation structure includes basic salary, position salary, and bonuses, designed to motivate and retain talent[198]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 57.42% on May 7, 2021[165]. - The first extraordinary shareholders' meeting had a participation rate of 55.00% on September 23, 2021[165]. - The second extraordinary shareholders' meeting had a participation rate of 55.47% on October 12, 2021[166]. - The third extraordinary shareholders' meeting had a participation rate of 54.70% on December 6, 2021[166].

Financial Performance - The company's revenue for Q3 2021 was ¥106,420,890.74, a decrease of 60.70% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥17,611,973.56, down 70.07% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥16,082,941.43, a decline of 73.20% compared to the previous year[3]. - Total operating revenue for Q3 2021 was CNY 397,781,303.77, a decrease from CNY 515,074,709.10 in the previous period[23]. - Net profit for Q3 2021 was CNY 63,240,921.28, down from CNY 94,268,409.28 in the same period last year[24]. - The net profit attributable to the parent company for Q3 2021 was ¥59,171,258.82, a decrease from ¥93,205,483.53 in Q3 2020, representing a decline of approximately 36.5%[25]. - The total comprehensive income for Q3 2021 was ¥91,209,569.66, compared to ¥53,431,216.70 in Q3 2020, indicating an increase of about 70.7%[25]. - The basic and diluted earnings per share for Q3 2021 were both ¥0.0980, down from ¥0.1539 in Q3 2020, reflecting a decrease of approximately 36%[25]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was -¥346,841,258.36, a significant decrease of 295.55% compared to the same period last year[10]. - Cash flow from operating activities for Q3 2021 was negative at -¥346,841,258.36, compared to a positive cash flow of ¥177,366,327.33 in Q3 2020[27]. - The net cash flow from financing activities for Q3 2021 was -¥92,878,960.75, compared to -¥56,336,569.04 in Q3 2020, indicating a worsening cash flow situation[28]. - The total cash and cash equivalents at the end of Q3 2021 were ¥350,484,504.50, down from ¥625,749,454.51 at the end of Q3 2020, a decline of approximately 44%[28]. - The company reported a decrease in cash and cash equivalents from CNY 804,061,337.64 to CNY 377,390,547.49[20]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥2,694,765,465.70, a slight decrease of 0.31% from the end of the previous year[3]. - Current assets totaled CNY 2,361,519,819.42, a decrease from CNY 2,402,074,667.54[20]. - Total liabilities reached approximately CNY 524.15 million, with a decrease of CNY 13.43 million from the previous period[32]. - The company’s total liabilities decreased to CNY 424,300,661.17 from CNY 524,146,993.03[21]. - The company reported a total of CNY 983.61 million in undistributed profits[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,763[12]. - The top 10 shareholders hold a total of 251,678,077 shares, with 江春华 holding 19.18% (115,027,137 shares) and 罗新伟 holding 12.74% (76,404,216 shares) of the shares[12]. - The company has implemented an employee stock ownership plan, allowing core employees to purchase up to 8,283,604 shares at a price of 1.00 CNY per share[15]. - The employee stock ownership plan is expected to raise a total of no more than 8,283,604 CNY and will not exceed 10% of the company's total share capital[15]. - The top 10 shareholders include several major institutional investors, such as 中国工商银行 and 中国建设银行, indicating strong institutional support[12]. Operational Highlights - The company reported a 175.34% increase in inventory, amounting to ¥476,710,918.16, attributed to ongoing project execution[7]. - The company experienced a 66.22% reduction in income tax expenses, totaling ¥4,086,243.37, due to decreased profit and R&D expense deductions[9]. - The company made cash payments for purchasing goods and services totaling ¥462,674,893.31 in Q3 2021, which is a slight increase from ¥456,319,863.40 in Q3 2020[27]. Future Outlook and Developments - The company has not disclosed any new product developments or technological advancements in this reporting period[16]. - The company’s future outlook and performance guidance were not explicitly detailed in the provided documents[16]. - There are no significant mergers or acquisitions reported during this period[16]. - The report does not provide any new product or technology development updates, nor any market expansion or acquisition strategies[36].

Financial Performance - The company's operating revenue for the reporting period was ¥291,360,413.03, representing a year-on-year increase of 19.28% compared to ¥244,260,182.98 from the previous year[22]. - The net profit attributable to shareholders for the reporting period was ¥41,559,285.26, reflecting a growth of 20.98% from ¥34,352,271.94 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was ¥41,236,496.59, which is a 20.51% increase from ¥34,217,117.92 in the previous year[22]. - The basic earnings per share for the reporting period was ¥0.0693, up 22.22% from ¥0.0567 in the same period last year[22]. - The total assets at the end of the reporting period were ¥2,668,651,392.85, a decrease of 1.28% from ¥2,703,135,677.89 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 2.81% to ¥2,147,499,694.71 from ¥2,088,855,347.25 at the end of the previous year[22]. - The company achieved operating revenue of 291.36 million yuan, a year-on-year increase of 19.28%[90]. - Net profit attributable to ordinary shareholders reached 41.56 million yuan, up 20.98% compared to the same period last year[90]. - R&D investment amounted to 45.24 million yuan, reflecting a slight increase of 0.78% year-on-year[90]. - Total operating revenue for the first half of 2021 reached ¥291.36 million, an increase of 19.2% compared to ¥244.26 million in the same period of 2020[189]. - Total operating costs amounted to ¥233.34 million, up 20.7% from ¥193.29 million year-on-year[189]. - Net profit for the first half of 2021 was ¥46.00 million, representing a growth of 30.8% from ¥35.17 million in the first half of 2020[191]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and performance forecasts[4]. - The report includes a detailed description of potential operational risks and corresponding mitigation measures[4]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[106][107]. - The company has experienced a significant increase in accounts receivable due to rapid business expansion, which has impacted cash flow and may pose liquidity risks if bad debts occur[115]. - The company plans to implement real-time tracking and regular analysis of accounts receivable to mitigate collection risks and improve cash flow as its business model diversifies[115]. Corporate Governance - The management team guarantees the accuracy and completeness of the financial report[3]. - The company has not changed its registered address or contact information during the reporting period[19]. - The company has established a comprehensive qualification certification system, covering various fields such as information services, engineering consulting, and construction, which enhances its competitive edge in the market[78]. - The company’s governance and organizational structure have been further improved following the completion of the shareholding reform[156]. - The total number of ordinary shareholders at the end of the reporting period is 19,614[165]. Research and Development - The company’s R&D investment for the reporting period was CNY 45.24 million, accounting for 15.53% of total revenue, focusing on self-controllable BIM key technologies and related product development[76]. - The company achieved a research and development milestone by obtaining 7 new authorized patents and 9 new patent applications during the reporting period, including 8 invention patents[76]. - The company emphasizes continuous innovation and R&D investment to maintain its technological leadership and core competitiveness[113]. - The company is advancing its technology integration with big data, IoT, and AI to support industry digital transformation[86]. Market Position and Strategy - The company is focusing on the development of BIM platform software and digital applications, targeting sectors such as electricity, water conservancy, and transportation[30]. - The company has established a comprehensive technical service system for distributed photovoltaic planning, engineering design, and asset operation and maintenance[30]. - The company is positioned to benefit from the national strategy to enhance infrastructure in power, transportation, and water conservancy sectors, aligning with the "14th Five-Year Plan" goals[66]. - The company is one of the few in China providing integrated information services across the entire energy industry chain, enhancing its competitive edge[65]. - The company plans to expand its market presence in the transportation and water conservancy sectors, in addition to its core business in the power industry[114]. Financial Management - The company has not distributed cash dividends, issued bonus shares, or increased capital from reserves[5]. - Operating cash flow net amount decreased by 258.79% to -260.75 million yuan, primarily due to a 32.59% reduction in sales receipts[90]. - Cash and cash equivalents net increase decreased by 304.68% to -369.30 million yuan, attributed to reduced sales receipts and increased procurement payments[90]. - The company is committed to enhancing its financial management practices to mitigate risks associated with seasonal revenue fluctuations[114]. Subsidiaries and Investments - The company has multiple subsidiaries, including Beijing Daoheng Software Co., Ltd. and Yunnan Electric Consulting Co., Ltd.[13]. - The company holds a 69.65% stake in Daoheng Software, which focuses on providing BIM software solutions across various industries[111]. - The company completed the shareholding reform and employee stock ownership plan for its subsidiary, DaoHeng Software, with a registered capital of 60 million RMB, and holds a 69.65% stake in it[156]. - DaoHeng Software aims to focus on the research and development of core BIM technologies and products to expand market scale and improve operational performance[156]. Legal and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[128]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[133]. - The company has not engaged in any external guarantees that violate regulations during the reporting period[134]. - The company has not reported any major penalties or compliance issues during the reporting period[140]. - The company has no significant litigation or arbitration matters reported[137].

Financial Performance - The company's revenue declined by 88.28% due to the impact of the COVID-19 pandemic and delays in the resumption of work in the supply chain[5]. - The company reported a total of ¥1,146,222.55 in non-recurring gains and losses for 2020, significantly lower than ¥22,731,960.66 in 2019[29]. - The company's operating revenue for 2020 was ¥965,315,951.82, a decrease of 14.05% compared to ¥1,123,172,356.51 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥82,452,511.36, down 72.06% from ¥295,056,925.36 in the previous year[23]. - The basic earnings per share for 2020 was ¥0.14, a decline of 71.43% from ¥0.49 in 2019[23]. - The weighted average return on equity for 2020 was 3.79%, down from 15.06% in 2019, reflecting a decrease of 11.27%[23]. - The company reported a net profit attributable to shareholders of ¥-10,752,972 in Q4 2020, compared to ¥58,853,211.5 in Q3 2020[94]. - The company’s net cash flow from operating activities improved to ¥281,780,849.10 in 2020, compared to a negative cash flow of ¥63,523,648.52 in 2019[23]. - The company’s cash balance at the end of 2020 was CNY 804.06 million, an increase of 50.43% compared to the beginning of the year[109]. - The total cash dividend amount for the year 2020, including other methods, is ¥100,087,239.97[171]. Business Strategy and Development - The company has established a strategic positioning as a service provider for BIM platform software and industry digital applications, focusing on energy, transportation, and water conservancy sectors[6]. - The company is leveraging opportunities from national strategies such as "new infrastructure" and "digital China," which are expected to drive growth in energy internet and digital asset applications[8]. - The company plans to selectively reduce projects with long execution cycles and slow payment terms to adapt to its new business layout[6]. - The company has restructured its business model to focus on BIM platform software and digital applications, establishing five key business systems[40]. - The company aims to enhance its service offerings by integrating industry resources through the "Electric + Smart Link Service Cloud Platform"[38]. - The company is focusing on enhancing its governance structure to promote high-quality development in line with regulatory requirements[88]. - The company is actively pursuing market expansion and collaboration opportunities, including potential mergers and acquisitions to strengthen its competitive edge[166]. - The company is committed to ongoing research and development, with significant investments aimed at enhancing its product capabilities and service offerings[165]. Research and Development - Despite the challenges, the company maintained a high ratio of R&D investment, fully expensing it, which negatively impacted net profit levels in the short term[6]. - The company has a mature and efficient R&D innovation system, supporting its continuous business development in the power, transportation, and water conservancy sectors[9]. - The company's R&D investment reached 96.94 million yuan, accounting for 10.04% of the 2020 revenue, focusing on self-controllable BIM key technologies and related product development[60]. - The company has accumulated core technologies in BIM and digitalization, enabling it to support customized product development tailored to industry needs[55]. - The company has established key core technology platforms, including a three-dimensional parameterized modeling engine and a lightweight BIM engine, enhancing its competitive edge in the market[133]. Market Trends and Opportunities - The company sees significant opportunities in the domestic replacement and digital economy sectors, driven by national strategies for technological independence and infrastructure modernization[120]. - The company aims to leverage its technological advantages to meet the diverse needs of new market entrants in the reformed electricity sector[58]. - The national policy support for digital transformation and the growing market demand from downstream customers provide a broad development space for the industry[124]. - The "carbon peak" and "carbon neutrality" goals are driving the development of the company's renewable energy business, indicating a positive outlook for related operations[125]. Operational Challenges - The company faced increased procurement costs for EPC projects due to rising raw material prices, leading to a significant decrease in gross profit margins[6]. - The company faced challenges due to the COVID-19 pandemic, which delayed the resumption of work and affected business progress, particularly with large state-owned enterprises[74]. - The company experienced significant seasonal fluctuations in revenue, with higher sales in the second half of the year due to customer demand patterns[94]. - The company is actively managing accounts receivable to mitigate risks associated with bad debts, ensuring cash flow stability despite the growing balance of receivables[160]. Shareholder and Financial Policies - The profit distribution plan for shareholders includes no cash dividends or stock bonuses, reflecting the company's current financial strategy[11]. - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 60,583,896.90, based on a total share count of 605,838,969 as of December 31, 2019[169]. - The company did not distribute cash dividends, issue bonus shares, or increase capital stock from reserves for the year 2020[172]. - The company has committed to transparency and compliance with legal regulations in all its financial dealings[177]. Compliance and Governance - The company has not reported any violations of commitments made to minority shareholders, indicating compliance with all obligations[179]. - The company has maintained a commitment to transparency and compliance with legal regulations in all its financial dealings[177]. - The company has not faced any delisting situations following the annual report disclosure[185]. - The company has no bankruptcy reorganization matters during the reporting period[185].

Financial Performance - The company's operating revenue for Q1 2021 was ¥125,142,026.60, representing an increase of 78.22% compared to ¥70,215,925.77 in the same period last year[7]. - The net profit attributable to shareholders was ¥10,648,528.79, up 81.83% from ¥5,856,151.28 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥10,792,190.56, reflecting a 58.27% increase from ¥6,818,674.35 in the previous year[7]. - The basic earnings per share increased to ¥0.0176, an 81.44% rise compared to ¥0.0097 in the same period last year[7]. - The weighted average return on equity was 0.51%, up from 0.27% year-on-year, indicating improved profitability[7]. - The total operating income for Q1 2021 was CNY 107,750,018.83, compared to CNY 58,879,069.52 in the previous period, indicating a significant increase[61]. - The net profit for Q1 2021 reached CNY 10,618,401.51, up from CNY 6,512,858.05 in the same period last year, reflecting a growth of approximately 63.5%[58]. - The total comprehensive income for Q1 2021 was CNY 32,382,504.44, compared to CNY 5,405,383.77 in the previous year, representing a substantial increase[59]. - The total profit for Q1 2021 was CNY 12,283,385.37, compared to CNY 7,359,711.98 in the previous year, marking an increase of approximately 66.5%[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,690,830,693.57, a slight decrease of 0.46% from ¥2,703,135,677.89 at the end of the previous year[7]. - The net assets attributable to shareholders increased by 1.55% to ¥2,121,267,978.97 from ¥2,088,855,347.25 at the end of the previous year[7]. - The total current assets as of March 31, 2021, amount to approximately CNY 2.37 billion, a decrease from CNY 2.40 billion at the end of 2020[49]. - The company's total liabilities remained stable at CNY 479,459,504.26 compared to CNY 524,146,993.03, indicating a focus on managing debt levels[51]. - Current liabilities decreased to CNY 479,459,504.26 from CNY 524,146,993.03, representing a reduction of approximately 8.5%[51]. Cash Flow - The net cash flow from operating activities was negative at -¥192,056,886.06, worsening by 231.26% compared to -¥57,978,062.84 in the same period last year[7]. - Total cash inflow from operating activities was 117,421,660.25, down 30.7% from 169,381,561.25 in the previous period[66]. - Cash outflow from operating activities increased to 309,478,546.31, compared to 227,359,624.09 in the previous period, reflecting a 36.1% increase[66]. - The cash flow from investment activities was -4,231,251.54, a significant decrease from 301,545,251.08 in the previous period[66]. - The net cash flow from financing activities was -1,174,225.49, an improvement from -1,966,691.42 in the previous period[67]. Shareholder Information - The company reported a total of 17,787 common shareholders at the end of the reporting period[11]. - The top shareholder, Jiang Chunhua, held 18.99% of the shares, amounting to 115,027,137 shares, with 86,270,353 shares pledged[11]. Strategic Focus and Development - The company aims to focus on becoming a service provider for BIM platform software and industry digital applications, with business activities recovering to pre-pandemic levels[22]. - The company has set a new strategic goal as a "BIM platform software and industry digital application and operation service provider" and has integrated its business resources accordingly[25]. - The company is focusing on industrial software development and market expansion in the new energy and transportation sectors as part of its strategic upgrade[44]. - The company has launched a "carbon neutrality" monitoring command platform, currently in the early market expansion phase, utilizing big data and IoT technologies[30]. - The company has established a vocational training school, "Henghua School," to enhance its digital education offerings, with a focus on BIM-related training[31]. Operational Challenges - The company faces risks related to technological innovation and market acceptance of its products, which could impact its competitive position[32]. - The company's revenue is subject to seasonal fluctuations, with higher sales typically occurring in the second half of the year due to the procurement cycles of its main clients[34]. - The company has increased its cash flow management efforts, but the large accounts receivable still impact cash flow and business expansion[37]. - The company plans to enhance its management structure and internal controls to mitigate risks associated with rapid business expansion and acquisitions[38]. - The company aims to attract and retain technical talent through a comprehensive performance evaluation system and various incentive mechanisms[39]. Expenses and Costs - The company's sales expenses grew by 116.42% year-on-year, reflecting the normalization of sales activities post-COVID-19[20]. - Research and development expenses amounted to CNY 20,351,952.14, which is an increase from CNY 16,053,948.29, showing a commitment to innovation[58]. - The total operating costs for Q1 2021 were CNY 112,122,093.72, compared to CNY 61,294,007.58 in the previous year, reflecting an increase in operational scale[58].