Financial Performance - The company's operating revenue for 2021 was ¥110,006,824.99, a decrease of 12.31% compared to 2020[25]. - The net profit attributable to shareholders for 2021 was ¥12,777,843.31, down 9.78% from the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥6,179,147.73, reflecting a significant decline of 57.69% year-over-year[25]. - The net cash flow from operating activities was ¥2,825,688.20, a decrease of 76.96% compared to 2020[25]. - The total assets at the end of 2021 amounted to ¥322,952,284.19, showing a slight increase of 0.79% from the end of 2020[25]. - The net assets attributable to shareholders increased by 2.83% to ¥296,365,299.46 at the end of 2021[25]. - The basic earnings per share for 2021 was ¥0.09, a decrease of 10.00% from the previous year[25]. - The diluted earnings per share also stood at ¥0.09, reflecting the same percentage decrease[28]. - The company reported a total of ¥6,598,695.58 in non-recurring gains for 2021[35]. - The company achieved operating revenue of 110,006,824.99 yuan, a year-on-year decrease of 12.31%[51]. - The net profit attributable to shareholders was 1,277.78 million yuan, down 9.78% year-on-year[51]. - The gross profit margin for the main business was 40.71%, an increase of 7.06% compared to the previous year[51]. - The average number of design personnel decreased by 19.05% to 170, while the per capita output value increased by 4.68% to 610,900 yuan[51]. - The company reported a significant increase of 117.56% in other business income, totaling 6,197,139.39 yuan[55]. - The revenue from residential projects decreased by 36.05% to 42,597,635.97 yuan, while revenue from urban complexes increased by 22.56% to 24,348,676.55 yuan[55]. - The company's total revenue for the design segment was approximately ¥103.81 million, a decrease of 15.33% year-over-year[59]. - Public architecture revenue reached ¥31.12 million, showing a growth of 6.67% compared to the previous year[59]. - The Southwest region accounted for ¥72.17 million in revenue, down 15.23% from the previous year[59]. - Direct sales contributed 100% of the revenue, totaling ¥110.01 million, which is a decline of 12.31% compared to the previous year[59]. - The company reported a significant increase in revenue from other businesses, which rose by 117.56% to ¥6.20 million[59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, totaling 140,486,470 shares[8]. - The company distributed a cash dividend of 0.30 CNY per 10 shares, totaling 4,214,594.10 CNY based on a total share base of 140,486,470 shares[171]. - The cash dividend accounted for 100% of the total distributable profit of 96,969,983.37 CNY[173]. - The company plans to distribute a cash dividend of 0.20 CNY per 10 shares, totaling 2,809,729.40 CNY, based on 140,486,470 shares[176]. Corporate Governance - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, passing a total of 24 resolutions[104]. - The board of directors completed the election of the fourth board, consisting of 9 members, including 3 independent directors, in compliance with legal requirements[104]. - The company held 9 board meetings, passing a total of 41 resolutions, ensuring compliance with relevant laws and regulations[107]. - The supervisory board held 6 meetings, with all resolutions legally valid and in accordance with regulations[107]. - The company published 4 periodic reports and 58 announcements in 2021, ensuring timely and accurate information disclosure[107]. - The company maintains an independent business system, with no reliance on shareholders or related parties for operations[108]. - The company has established independent governance structures, including a general meeting, board of directors, and supervisory board[108]. - The independent directors actively participated in meetings and provided independent opinions on significant matters[107]. - The company has a robust internal control system, ensuring compliance with laws and regulations in its operations[107]. - The annual shareholders meeting had a participation rate of 59.79% on May 17, 2021[111]. - The company approved the 2020 annual financial report and profit distribution plan during the annual shareholders meeting[111]. - The first extraordinary shareholders meeting in 2021 had a participation rate of 73.09% on November 17, 2021[112]. - The company approved the proposal to cancel repurchased shares and reduce registered capital during the first extraordinary shareholders meeting[112]. - The board of directors and supervisory board elections were conducted, with new candidates nominated for the fourth board[112]. - The company has not experienced any resignations of directors, supervisors, or senior management during the reporting period[124]. - The term of the current board members and senior management is set to end on November 16, 2024[120]. - The company has made amendments to various internal governance rules, including the shareholder meeting rules and board meeting rules[111]. - No changes in shareholding were reported for the board members during the reporting period[120]. - The company continues to maintain a stable governance structure with no differential voting rights arrangements[117]. - The company appointed new board members on November 17, 2021, including Zhang Shiyou as Chairman and Wu Zhenggang as Co-Chairman[128]. - The company reported a total share reduction of 5,967,000 shares through the acquisition by Huatuo Hongyang Investment Co., Ltd., with a total value of approximately 4,475,457[125]. - The company has undergone a complete board and supervisory committee reshuffle, with all previous members leaving their positions on November 17, 2021[128]. - The company’s new management team includes Wang Qiang as General Manager and Zhang Dan as Deputy General Manager and Secretary of the Board, both appointed on November 17, 2021[128]. - The company is focused on ensuring timely and efficient decision-making to protect the rights of all shareholders[156]. - The board approved the 2021 first quarter report on April 26, 2021[147]. - The company is actively monitoring its operational compliance and governance practices[156]. - The board approved the 2021 semi-annual report on August 9, 2021[150]. - The board did not receive any objections from directors regarding company matters during the reporting period[155]. - The board is committed to maintaining a high level of diligence and responsibility in its operations[156]. Risk Management - The company emphasizes the importance of risk awareness in its future business operations[8]. - The company is actively tracking industry trends and has established a project risk warning mechanism to manage potential defaults from major developers[54]. - The company faces risks related to industry policy changes, increased accounts receivable, and potential declines in gross profit margins due to operational inefficiencies[97]. - The company is committed to improving its governance structure and internal management systems to enhance operational efficiency and risk control[93]. - The company will closely monitor industry trends and manage risks effectively in response to the evolving economic landscape[93]. Strategic Initiatives - The company is focusing on integrating design and construction services, aligning with national strategies for urbanization and green building innovations[46]. - The company aims to enhance its design resource integration capabilities and improve comprehensive design management to maximize project value[93]. - The company plans to invest in new technologies such as BIM design, green buildings, and prefabricated construction to support innovation and comprehensive capabilities[93]. - The company is focusing on expanding its market presence and enhancing its product offerings as part of its strategic initiatives[127]. - The company has emphasized the importance of new product development and technological innovation in its future growth strategy[127]. - The company aims to improve operational efficiency and increase shareholder value through strategic acquisitions and partnerships[127]. - The company plans to leverage its existing resources to explore new business opportunities and enhance its competitive edge in the market[127]. Employee Management - The total number of employees at the end of the reporting period was 224, with 158 in technical roles, 12 in sales, 11 in finance, and 43 in administration[166]. - The company has a total of 22 employees with a master's degree or higher, and 166 with a bachelor's degree[166]. - The company plans to continue internal training as the primary method for enhancing professional skills, supplemented by external training[168]. - The company has established a performance evaluation system to incentivize employees based on team and individual performance metrics[167]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 3.9974 million yuan, which includes social security and provident fund contributions[138]. - The company had 22 individuals serving as directors, supervisors, and senior management during the reporting period[138]. - Wang Qiang, the general manager, received a total remuneration of 76.23 thousand yuan in 2021[143]. - The company’s board of directors includes 6 members, with 4 of them receiving remuneration from related parties[139]. - The remuneration structure for directors and senior management consists of basic salary, bonuses, and social security contributions, with bonuses linked to company performance[138]. - The company completed the election of the supervisory board on November 17, 2021, following the departure of a supervisor[142]. - The company has a total of 10 independent directors, with some receiving remuneration from related parties[139]. - The financial director, Zheng Tianxiang, received a remuneration of 51.38 thousand yuan in 2021[143]. - The company’s remuneration policy is based on job level and performance, ensuring alignment with company objectives[138]. Internal Control and Compliance - The company has established a comprehensive internal control system in compliance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange[177]. - The board of directors is responsible for formulating annual financial budgets and profit distribution plans, ensuring clear governance structures[178]. - The company has implemented a robust internal audit system to monitor the effectiveness of internal controls and report any significant deficiencies directly to the board[182]. - There are no significant deficiencies in financial reporting internal controls as of the evaluation report date[183]. - The company emphasizes corporate culture and ethical values, promoting green and sustainable building practices[182]. - The governance structure includes a shareholder meeting, board of directors, and supervisory board, ensuring independent and balanced operations[177]. - The internal control management system has been effectively promoted and standardized across the company and its subsidiaries[181]. - The company has made timely adjustments to its internal regulations to adapt to changes in the environment and policies[181]. - The company reported a total asset amount included in the evaluation scope accounting for 100.00% of the consolidated financial statement assets[187]. - The company reported a total revenue amount included in the evaluation scope accounting for 100.00% of the consolidated financial statement revenue[187]. - There were no significant defects identified in financial reporting, with both financial and non-financial reporting showing zero significant defects[191]. - The company has established a relatively complete and reasonable corporate governance structure and internal control system, but recognizes the need for further improvement due to business scale growth and external market changes[192]. Market Trends and Opportunities - In 2021, China's GDP reached 114 trillion yuan, growing by 8.1%, providing a solid foundation for the architectural design industry[46]. - The total construction area of housing in China was 15.755 billion square meters, an increase of 5.41% year-on-year, while the completed housing area was 4.083 billion square meters, up by 6.11%[46]. - The average price of new residential properties nationwide was 10,396 yuan per square meter, marking a year-on-year increase of 4.2%[46]. - The per capita disposable income of residents in 2021 was 35,128 yuan, reflecting a growth of 9.1% year-on-year, with a real increase of 8.1% after adjusting for inflation[46]. - The introduction of policies aimed at increasing the supply of affordable housing and improving rental housing markets presents new opportunities for the real estate sector[46]. - The architectural design industry is transitioning towards high-quality, specialized services, driven by rising consumer demand for improved housing[46]. - The company is focusing on the application of new technologies, including VR in architectural design, while responding to trends in prefabricated and green buildings[51]. - The company is exploring partnerships with local governments to enhance educational outreach and accessibility, aiming for a 15% increase in community engagement[133].

Revenue and Profit - Revenue for Q1 2022 was CNY 20,203,086.50, a decrease of 14.90% compared to CNY 23,741,486.52 in the same period last year[4] - Net profit attributable to shareholders was CNY 1,360,876.14, an increase of 58.92% from CNY 856,342.27 year-on-year[4] - Total operating revenue for the current period is CNY 20,203,086.50, a decrease of 15.5% compared to CNY 23,741,486.52 in the previous period[29] - Net profit for the current period is CNY 1,360,876.14, an increase of 59% compared to CNY 856,342.27 in the previous period[32] - The company reported a basic earnings per share of CNY 0.01, consistent with the previous period[35] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 5,657,567.29, worsening by 113.71% compared to a net outflow of CNY 2,647,283.92 in the previous year[4] - Operating cash inflow for the period was ¥19,170,173.09, down from ¥22,733,691.63 in the previous period, representing a decrease of approximately 15.5%[36] - Cash outflow from operating activities totaled ¥24,827,740.38, slightly down from ¥25,380,975.55, indicating a decrease of about 2.2%[39] - Net cash flow from operating activities was -¥5,657,567.29, worsening from -¥2,647,283.92 in the previous period[39] - Total cash inflow from operating activities was impacted by a decrease in cash received from sales of goods and services, which was ¥17,859,778.08 compared to ¥21,827,288.56 previously[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 320,869,609.56, a decrease of 0.64% from CNY 322,952,284.19 at the end of the previous year[4] - The total current assets as of March 31, 2022, amounted to CNY 238,001,854.10, a decrease from CNY 246,475,726.40 at the beginning of the year[19] - The cash and cash equivalents decreased to CNY 33,171,071.61 from CNY 41,421,538.82 at the beginning of the year[19] - The total non-current assets increased to CNY 82,867,755.46 from CNY 76,476,557.79 at the beginning of the year[22] - The company's total liabilities decreased to CNY 23,267,690.69 from CNY 26,586,984.73, a reduction of 12.4%[28] Investment and Expenses - Investment income rose significantly by 634.71% to CNY 667,374.99 compared to CNY 90,834.55 in the previous year[10] - Sales expenses increased by 51.50% to CNY 1,050,273.79, primarily due to higher business promotion costs[7] - The company’s cash payments for purchasing goods and services rose by 66.79% to CNY 6,948,720.19 compared to CNY 4,166,135.02 in the previous year[10] - The company reported a total of 4,475,457 shares held by a key shareholder, which remain restricted until May 17, 2022[15] - The company has a contract liability of CNY 2,288,625.57, which increased from CNY 2,167,594.33, indicating growth in future revenue recognition[28] Equity and Returns - The weighted average return on equity increased to 0.46%, up from 0.30% in the same period last year[4] - The total equity attributable to shareholders increased by 0.42% to CNY 297,601,918.87 from CNY 296,365,299.46 at the end of the previous year[4] - Total equity attributable to the parent company increased to CNY 297,601,918.87 from CNY 296,365,299.46, a slight increase of 0.4%[28] Impairment and Valuation - The financial asset impairment loss reported is CNY -1,634,594.31, compared to a gain of CNY 851,585.99 in the previous period, indicating a significant change in asset valuation[32] - The company’s investment properties were valued at CNY 16,407,670.73 as of March 31, 2022[22] - The company’s fixed assets increased to CNY 42,238,765.63 from CNY 41,757,149.55 at the beginning of the year[22]

Financial Performance - The company's operating revenue for 2021 was ¥110,006,824.99, a decrease of 12.31% compared to ¥125,453,390.71 in 2020[5]. - The net profit attributable to shareholders for 2021 was ¥12,777,843.31, down 9.78% from ¥14,163,744.89 in 2020[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,179,147.73, a significant decline of 57.69% compared to ¥14,603,988.25 in 2020[5]. - The net cash flow from operating activities was ¥2,825,688.20, a decrease of 76.96% from ¥12,266,611.93 in 2020[5]. - The total assets at the end of 2021 were ¥322,952,284.19, reflecting a slight increase of 0.79% from ¥320,431,449.15 at the end of 2020[5]. - The net assets attributable to shareholders at the end of 2021 were ¥296,365,299.46, up 2.83% from ¥288,203,396.84 at the end of 2020[5]. - The basic earnings per share for 2021 was ¥0.09, a decrease of 10.00% compared to ¥0.10 in 2020[5]. - The diluted earnings per share for 2021 was also ¥0.09, down 10.00% from ¥0.10 in 2020[5]. - The weighted average return on equity for 2021 was 4.38%, a decrease of 0.52% from 4.90% in 2020[5]. - The total profit amounted to ¥1,496.30 million, down 15.85% year-on-year[50]. - Net profit attributable to shareholders was ¥1,277.78 million, reflecting a decline of 9.78% compared to the previous year[50]. - The company reported a total revenue of approximately 10 million in the latest financial period, with a significant decline in revenue from its subsidiary due to market shrinkage in the northwest region[91]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, totaling 140,486,470 shares[8]. - The cash dividend for the year was 2,809,729.40 CNY, representing 100% of the total profit distribution[175]. - The company distributed a cash dividend of 0.30 CNY per 10 shares, totaling 4,214,594.10 CNY for the year 2020[174]. - The company reported a positive profit available for distribution to shareholders but did not propose a cash dividend distribution plan for the reporting period[178]. Operational Strategy - The company is focusing on integrating design and construction services, aligning with national policies promoting new urbanization and green building technologies[45]. - The company aims to enhance its design resource integration capabilities and improve comprehensive design management to maximize project value[92]. - The company plans to increase investment in BIM design, green buildings, sponge city, and prefabricated building technologies to support innovation and comprehensive capabilities[92]. - The company is focusing on expanding its overseas projects in response to the national Belt and Road Initiative, aiming to become a creative-driven comprehensive design platform operator[92]. - The company is actively exploring efficient online services to mitigate operational risks associated with the ongoing pandemic[96]. - The company is committed to improving its governance structure and enhancing its internal management systems to better respond to industry changes and control operational risks[92]. - The company is focusing on expanding its market presence and enhancing its product offerings as part of its strategic initiatives[130]. - The company is exploring potential mergers and acquisitions to bolster its market position and operational capabilities[130]. Risk Management - The company emphasizes the importance of risk awareness in its future operational outlook[8]. - The company has established a project risk warning mechanism to monitor and manage potential financial risks from major developers[51]. - The company has identified several risks, including industry policy risks and the potential for increased accounts receivable, which could impact profitability[96]. Corporate Governance - The company held 1 annual and 1 extraordinary shareholders' meeting, passing a total of 24 resolutions, including the election of the fourth board of directors[103]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[103]. - The company convened 9 board meetings during the reporting period, passing 41 resolutions, including the appointment of the securities affairs representative[106]. - The supervisory board consists of 3 members, with 2 shareholder representatives and 1 employee representative, and held 6 meetings during the reporting period[106]. - The company issued 4 periodic reports and 58 announcements in 2021, ensuring timely and accurate information disclosure[106]. - The company maintains independence in business, personnel, assets, organization, and finance from its controlling shareholders[107]. - The company has a complete and independent financial accounting department, ensuring independent financial decision-making and tax compliance[107]. - The company has made amendments to various internal governance rules, including the shareholder meeting rules and board meeting rules[110]. - The company has not experienced any resignations of directors, supervisors, or senior management during the reporting period[123]. - The company has appointed new board members on November 17, 2021, including Zhang Shiyou as Chairman and Wu Zhenggang as Co-Chairman[128]. Employee Management - The total number of employees at the end of the reporting period was 224, with 180 in the parent company and 44 in major subsidiaries[165]. - The company has 158 technical staff, 12 sales personnel, and 11 financial staff among its total workforce[168]. - The company has implemented a performance evaluation system to enhance team performance and employee motivation[169]. - The company plans to conduct internal training primarily, supplemented by external training, to improve professional skills and service quality[170]. - The company has a total of 22 employees with a master's degree or higher, contributing to its professional expertise[168]. - The company has established a comprehensive training plan to enhance operational awareness and governance standards[170]. Sustainability and Corporate Social Responsibility - The company is committed to promoting green and low-carbon building research and applications as part of its mission[184]. - The company actively promotes green and low-carbon building practices, achieving multiple certifications for green buildings[199]. - The company ensures fair information disclosure to protect shareholder rights, conducting online performance briefings and investor interaction events[199]. - The company has implemented employee rights protection measures, including regular training and health check-ups[199]. - The company focuses on sustainable development by integrating economic and social benefits in its operations[199]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[198]. - The company is committed to exploring new materials and energy-saving technologies in its projects[199]. Internal Control and Compliance - The company has established a comprehensive internal control system in compliance with relevant regulations, ensuring effective governance and operational management[180]. - The board of directors is responsible for formulating annual financial budgets and profit distribution plans, ensuring clear roles and responsibilities within the governance structure[181]. - The company has not identified any significant internal control deficiencies in financial reporting as of the evaluation report date[185]. - The internal control self-evaluation report was disclosed on April 28, 2022, covering 100% of the company's consolidated asset scope[187]. - The company aims to continuously improve its governance quality and operational standards[194].

Financial Performance - The company's revenue for Q3 2021 was ¥25,705,464.84, a decrease of 16.13% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2021 was ¥1,587,996.71, down 63.31% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥241,847.75, a decline of 94.08% compared to the previous year[5] - Total operating revenue for the third quarter was CNY 81,769,100.40, a decrease of 5.4% compared to CNY 86,039,014.40 in the previous year[32] - Operating profit increased to CNY 6,027,768.18, up from CNY 4,624,422.20, representing a growth of 30.3%[32] - The net profit for the current period is 5,197,524.74, compared to 1,565,894.52 in the previous period, representing a significant increase[35] - The total comprehensive income for the current period is 5,112,308.74, up from 1,565,894.52 in the previous period[35] - The basic earnings per share for the current period is 0.04, compared to 0.01 in the previous period[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥328,880,631.09, an increase of 2.64% from the end of the previous year[5] - Current assets totaled CNY 253,072,717.01, an increase of 5% from CNY 241,066,157.86[28] - Total liabilities increased to CNY 39,779,519.61 from CNY 32,228,052.31, marking a rise of 23.4%[28] - Non-current assets decreased to CNY 75,807,914.08 from CNY 79,365,291.29, a decline of 4.4%[28] - The total assets amounted to CNY 328,880,631.09, up from CNY 320,431,449.15, indicating a growth of 2.3%[28] - Current liabilities totaled 32,228,052.31, down from 35,334,079.84, reflecting a decrease of 3,106,027.53[48] Cash Flow - Cash flow from operating activities showed a net outflow of ¥4,730,069.03, a decrease of 23.31% year-on-year[5] - The company experienced a 34.33% decrease in cash inflow from operating activities, totaling ¥66,201,568.29, attributed to reduced sales collections[12] - Cash inflow from operating activities is 66,201,568.29, down from 100,815,223.19 in the previous period[38] - Cash outflow from operating activities is 70,931,637.32, compared to 104,651,170.08 in the previous period[38] - The net cash flow from investing activities is 4,268,013.00, a recovery from -838,245.66 in the previous period[41] - The net cash flow from financing activities is -6,173,809.69, compared to -44,455,730.58 in the previous period[41] - The ending cash and cash equivalents balance is 111,339,070.68, compared to 101,968,277.58 in the previous period[41] Shareholder Information - The total number of common shareholders at the end of the reporting period is 4,849, with the largest shareholder, Huatu Hongyang Investment Co., Ltd., holding 30.08% of shares, equating to 42,432,000 shares[13] - The second-largest shareholder, Che Lu, holds 21.95% of shares, amounting to 30,964,561 shares, with 23,223,421 shares under lock-up conditions[13] - The company has a significant number of shares held by top shareholders, with the top 10 shareholders collectively holding a substantial portion of the company's equity[13] Operational Insights - The company reported a significant increase in accounts payable, which rose by 80.18% to ¥18,046,561.23 due to increased design subcontracting fees[12] - Accounts receivable increased to 120,645,049.88 RMB from 105,497,809.76 RMB year-over-year, indicating a growth of approximately 14.5%[21] - The company's cash and cash equivalents as of September 30, 2021, are 120,265,624.75 RMB, a decrease from 125,076,183.74 RMB at the end of 2020[21] - The company’s inventory status remains unreported in the current financial statements[21] - Research and development expenses were not explicitly detailed but were included in the total operating costs[32] Strategic Developments - The company has not reported any new strategies or product developments in the current quarter[19] - The company has not disclosed any plans for market expansion or mergers and acquisitions in the recent report[19] - The report did not include any information regarding mergers or acquisitions[50] - The third quarter report was not audited, indicating a potential area for further scrutiny[52]

Financial Performance - The company's operating revenue for the reporting period was CNY 56,063,635.56, an increase of 1.21% compared to the same period last year[40]. - The net profit attributable to shareholders was CNY 3,609,528.03, representing a significant increase of 230.68% year-on-year[40]. - The net profit after deducting non-recurring gains and losses was CNY 3,359,707.68, up 468.92% from the previous year[40]. - The net cash flow from operating activities improved to -CNY 4,808,527.41, a 30.25% reduction in losses compared to the previous year[40]. - The basic earnings per share increased to CNY 0.03, a 250.00% improvement from -CNY 0.02 in the same period last year[40]. - The gross profit margin improved by 12.00% during the reporting period, attributed to cost optimization and efficiency improvements[65]. - The company reported a significant reduction in operating costs, with sales expenses decreasing by 36.46% and management expenses down by 10.40%[65]. - Operating profit for the first half of 2021 was CNY 4,297,175.05, compared to a loss of CNY 510,079.19 in the first half of 2020, indicating a significant turnaround[200]. - Net profit for the first half of 2021 reached CNY 3,609,528.03, recovering from a net loss of CNY 2,762,189.19 in the same period of 2020[200]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 326,712,293.45, reflecting a 1.96% increase from the end of the previous year[40]. - The net assets attributable to shareholders decreased slightly to CNY 287,522,727.45, down 0.24% from the previous year[40]. - The company's accounts receivable increased to ¥116,840,793.97, accounting for 35.76% of total assets, up from 32.92% the previous year[68]. - Total current assets as of June 30, 2021, amounted to ¥247,100,701.46, an increase from ¥241,066,157.86 as of December 31, 2020, representing a growth of approximately 2.5%[181]. - Total liabilities as of June 30, 2021, were ¥39,189,566.00, up from ¥32,228,052.31, marking an increase of approximately 21.6%[184]. - The company's equity attributable to shareholders decreased slightly to ¥287,522,727.45 from ¥288,203,396.84, a decline of about 0.2%[187]. Risk Management - The company faces risks related to accounts receivable increases and potential bad debts due to industry changes[11]. - The company emphasizes the importance of maintaining a healthy financial status amid regulatory changes in the real estate financing sector[10]. - The company has conducted preliminary reviews of client backgrounds to mitigate risks associated with accounts receivable[11]. - The company continues to focus on risk control and optimizing project selection amid ongoing industry changes and the impact of the pandemic[53]. - The company has implemented measures to mitigate risks related to accounts receivable and potential bad debts[87]. - The company plans to enhance project management capabilities to address the risk of declining gross margins[88]. Corporate Governance - The company has committed to reducing and avoiding related party transactions, ensuring fair treatment of all shareholders[107]. - The company has successfully maintained compliance with its commitments regarding shareholding and related party transactions[107]. - The company adheres to strict information disclosure obligations to protect shareholder rights and ensure fair access to information[102]. - The company ensures that its senior management will not hold positions in other companies controlled by it, maintaining operational independence[112]. - The company has established a complete and independent organizational structure to avoid any confusion with other enterprises it controls[112]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[17]. - The company aims to enhance its profitability and service capabilities, expanding its brand influence and maintaining a focus on cost management[116]. - The company has accumulated experience in prefabricated buildings and plans to increase investment in green energy-efficient construction[60]. - The company has committed to promoting green and low-carbon building practices, achieving multiple projects certified as national or international green buildings[101]. - The company emphasizes the integration of creative design and sustainable development, focusing on enhancing living environments and building quality[101]. Market and Industry Conditions - The company reported a significant impact from national macro policies on the real estate sector, which affects its operational performance[7]. - The company's future growth is influenced by macroeconomic conditions, industry prospects, and competition, particularly in the traditional real estate sector[13]. - The company is subject to ongoing risks from the COVID-19 pandemic, which may lead to temporary slowdowns in industry activities[14]. - The company faced risks from industry policies affecting real estate development, which could impact its operations[86]. Shareholder Information - The company reported a total of 141,047,370 shares outstanding, with 77.72% being unrestricted shares and 22.28% being restricted shares[150]. - The largest shareholder, Huatuo Hongyang Investment Co., Ltd., holds 30.08% of shares, totaling 42,432,000 shares[156]. - The second-largest shareholder, Che Lu, owns 21.95% of shares, amounting to 30,964,561 shares[156]. - There were no changes in the shareholding structure, with no new shares issued or transferred during the reporting period[150].

Financial Performance - The company's operating revenue for Q1 2021 was ¥23,741,486.52, representing a 4.37% increase compared to ¥22,746,921.53 in the same period last year[9] - Net profit attributable to shareholders was ¥856,342.27, a significant turnaround from a loss of ¥7,996,373.42 in the previous year, marking a 110.71% increase[9] - The net profit after deducting non-recurring gains and losses was ¥653,991.75, compared to a loss of ¥6,013,393.06 last year, reflecting a 110.88% improvement[9] - Basic earnings per share were ¥0.01, up 110.00% from -¥0.10 in the same period last year[9] - Operating profit reached 1,085,319.35, a recovery from an operating loss of 6,878,428.47 in the prior period, indicating a strong operational performance[62] - The total comprehensive income for the period was 536,154.34, compared to a loss of 3,603,150.94 in the previous period, highlighting a strong recovery in overall financial health[73] Cash Flow and Assets - The net cash flow from operating activities improved to -¥2,556,449.37, a 84.93% increase from -¥16,962,227.45 in the previous year[9] - The company's cash and cash equivalents were CNY 121,316,526.10, slightly down from CNY 122,799,093.58, showing a decrease of about 1.2%[50] - Operating cash inflow totaled CNY 22,824,526.18, a decrease of 3.58% from CNY 23,672,966.90 in the previous period[78] - The ending balance of cash and cash equivalents was CNY 115,285,658.24, down from CNY 132,822,373.75 in the previous period[80] - Total assets at the end of the reporting period were ¥325,115,313.18, a 1.46% increase from ¥320,431,449.15 at the end of the previous year[9] - Total liabilities increased to CNY 36,055,574.07 from CNY 32,228,052.31, reflecting a rise of approximately 11.5%[46] Shareholder Information - The net assets attributable to shareholders were ¥289,059,739.11, reflecting a slight increase of 0.30% from ¥288,203,396.84 at the end of the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 4,651[12] - The total equity attributable to shareholders was CNY 289,059,739.11, slightly up from CNY 288,203,396.84, indicating a growth of about 0.3%[49] Cost Management - Financial expenses decreased by 32.44% to -293,394 yuan, mainly due to reduced interest expenses[23] - The company experienced a reduction in sales expenses to 544,927.12 from 641,849.30, indicating improved cost management[67] - Payments to employees decreased to CNY 17,045,638.49 from CNY 27,649,678.79 in the previous period, reflecting a reduction of 38.4%[78] Future Outlook - The company plans to enhance brand building and core competitiveness while expanding market reach[24] - The company expects to turn a profit for the cumulative net profit by the end of the next reporting period compared to a loss in the same period last year[33]

Financial Performance - The company reported a total revenue of RMB 140,486,470.00 for the year 2020, with a cash dividend of RMB 0.3 per 10 shares distributed to shareholders[13]. - The company's operating revenue for 2020 was ¥125,453,390.71, a decrease of 41.31% compared to ¥213,738,816.56 in 2019[28]. - The net profit attributable to shareholders for 2020 was ¥14,163,744.89, down 32.85% from ¥21,094,012.30 in 2019[28]. - The net cash flow from operating activities decreased by 60.48% to ¥12,266,611.93 in 2020 from ¥31,042,146.51 in 2019[28]. - Basic and diluted earnings per share for 2020 were both ¥0.10, a decline of 61.54% from ¥0.26 in 2019[28]. - The total assets at the end of 2020 were ¥320,431,449.15, a decrease of 13.93% from ¥372,274,088.22 at the end of 2019[28]. - The company reported a negative net profit of ¥7,996,373.42 in Q1 2020, with a recovery to ¥12,597,850.37 in Q4 2020[31]. - The company reported a total revenue of 125.45 million yuan in 2020, a decrease of 41.31% year-on-year[50]. - The net profit attributable to shareholders was 14.16 million yuan, down 32.85% compared to the previous year[50]. - Total assets decreased by 13.93% year-on-year, amounting to 320.43 million yuan as of December 31, 2020[50]. Risks and Challenges - The company faces significant risks from industry policy changes, particularly due to its reliance on real estate developers, which are heavily influenced by national macroeconomic policies[7]. - There is an increased risk of bad debts due to rising accounts receivable, which could impact the company's profitability if not managed effectively[8]. - The company is experiencing a risk of declining gross margins if operational efficiency is not improved during project management[9]. - Future growth is contingent on macroeconomic conditions, industry prospects, and the company's ability to innovate and maintain service quality[12]. - The ongoing COVID-19 pandemic poses a risk to normal business operations, with potential impacts depending on the duration and control of the outbreak[13]. - The company experienced a significant decline in performance due to the pandemic, with project progress severely hindered in the first half of the year[50]. Operational Strategies - The company is focused on expanding its market presence and enhancing its service offerings in response to industry trends[12]. - The company has implemented measures to monitor client financial conditions to mitigate risks associated with accounts receivable[8]. - The company emphasizes the importance of maintaining operational efficiency to safeguard against potential declines in profitability[9]. - The company plans to continue investing in prefabricated buildings and green energy-saving technologies to create greater value for clients[46]. - The company aims to enhance its brand and optimize capacity structure while preparing for future business demands driven by new urbanization and consumer upgrades[41]. - The company continues to focus on expanding its market presence and enhancing its design capabilities in response to industry trends towards specialization and technological advancement[41]. Financial Management and Cash Flow - Operating cash inflow decreased by 36.05% to ¥147,944,649.79, primarily due to reduced sales collections impacted by the pandemic[66]. - Operating cash outflow decreased by 32.27% to ¥135,678,037.86, mainly due to reduced procurement and labor costs[66]. - The net increase in cash and cash equivalents was a decrease of 255.01% to -¥33,123,264.31[66]. - The company's cash and cash equivalents accounted for 39.03% of total assets at the end of 2020, down from 42.16% at the beginning of the year[68]. - The company aims to strengthen cash flow management and improve collection of accounts receivable, achieving good results through various recovery methods[50]. Shareholder Commitments and Dividends - A cash dividend of ¥2.3 per 10 shares was distributed, totaling ¥19,006,993.00, alongside a capital reserve increase of 57,847,370 shares[105]. - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares, totaling 4,214,594.10 CNY for the year 2020[111]. - The total cash dividend for 2020 represents 29.76% of the net profit attributable to ordinary shareholders, which was 14,163,744.89 CNY[113]. - The cash dividend payout ratio for 2019 was 90.11%, with a total cash dividend of 19,006,993.00 CNY[113]. - The company has maintained a consistent cash dividend policy over the past three years, with the 2018 dividend being 5.03 CNY per 10 shares[111]. - The company’s cash dividend strategy aims to ensure a minimum of 20% of the profit distribution is allocated to cash dividends during significant capital expenditures[111]. Corporate Governance and Compliance - The company has committed to fulfilling its shareholder commitments and maintaining transparency in its financial dealings[117]. - The company has committed to avoiding any direct or indirect competition with its existing business, ensuring no similar business activities will be conducted domestically or internationally[120]. - The company guarantees that its senior management will work exclusively for the listed company and will not hold positions in other controlled enterprises, ensuring independence in operations[122]. - The company has established a complete independent asset management system, ensuring all assets are under the control of the listed company and not misappropriated by other entities[122]. - The company has pledged to maintain an independent financial department and accounting system, ensuring no shared bank accounts with other controlled enterprises[122]. - The company will minimize related party transactions and ensure that unavoidable transactions are conducted on a fair and transparent basis[122]. Changes and Developments - The company changed its name from "Shan Ding Design Co., Ltd." to "Huatu Shan Ding Design Co., Ltd." on January 14, 2020[176]. - The company’s securities abbreviation changed from "Shan Ding Design" to "Huatu Shan Ding" on May 11, 2020[177]. - The company’s subsidiary, Beijing Shan Ding, completed changes in its board of directors and legal representative on July 29, 2020[182]. - The company’s subsidiary, Xi'an Shan Ding, completed similar changes on July 30, 2020, including a change in its legal representative[183]. - The company reported a total amount involved in ongoing litigation of 1,009.71 million RMB, with 873.50 million RMB executed as of the report date[151]. - The company has not engaged in any significant related party transactions during the reporting period[156].

Financial Performance - The company's operating revenue for 2020 was ¥125,453,390.71, a decrease of 41.31% compared to ¥213,738,816.56 in 2019[30]. - The net profit attributable to shareholders for 2020 was ¥14,163,744.89, down 32.85% from ¥21,094,012.30 in 2019[30]. - The net cash flow from operating activities decreased by 60.48% to ¥12,266,611.93 in 2020 from ¥31,042,146.51 in 2019[30]. - The basic and diluted earnings per share for 2020 were both ¥0.10, a decline of 61.54% from ¥0.26 in 2019[30]. - Total assets at the end of 2020 were ¥320,431,449.15, down 13.93% from ¥372,274,088.22 at the end of 2019[30]. - The company reported a total revenue of 12,545.34 million yuan in 2020, a decrease of 41.31% year-on-year[52]. - The total profit for the year was 1,778.21 million yuan, down 28.44% compared to the previous year[52]. - The net profit attributable to shareholders was 1,416.37 million yuan, reflecting a decline of 32.85% year-on-year[52]. - Total assets as of December 31, 2020, were 32,043.14 million yuan, a decrease of 13.93% from the previous year[52]. Risk Factors - The company faces significant risks from industry policies, particularly due to its reliance on real estate developers, which are heavily influenced by national macroeconomic policies[7]. - There is an increased risk of bad debts due to rising accounts receivable, which could impact the company's profits if not collected on time[8]. - The company is at risk of declining gross margins if operational efficiency is not improved during project management[9]. - The company's future growth is influenced by macroeconomic conditions, industry prospects, and competition, particularly in the context of the traditional real estate sector's downturn[13]. - The ongoing COVID-19 pandemic poses a risk to normal business operations, with potential impacts depending on the progress and duration of pandemic control measures[14]. - The company emphasizes the importance of continuous monitoring of client financial conditions to mitigate risks associated with accounts receivable[8]. Shareholder Information - The company reported a total of 140,486,470 shares, with a cash dividend of 0.3 RMB per 10 shares (including tax) for all shareholders[15]. - The company has a registered capital of 141,047,370 RMB, with a significant portion allocated for dividends to shareholders[15]. - A cash dividend of ¥2.3 per 10 shares was approved, totaling ¥19,006,993.00, alongside a capital reserve increase of 57,847,370 shares[106]. - The total cash dividend represents 29.76% of the net profit attributable to ordinary shareholders, which is 14,163,744.89 CNY for the year 2020[113]. - The cash dividend distribution plan is subject to approval at the 2020 annual general meeting[112]. - The company has maintained a cash dividend payout ratio of 100% for the current year, adhering to the minimum requirement of 20% for cash dividends during significant capital expenditure periods[112]. - The company’s total cash dividends over the past three years have shown a consistent payout trend, with significant amounts distributed relative to net profits[113]. Investment and Projects - The company has successfully signed overseas projects, including the "East Asia International Ocean Peninsula Resort Project" and "Myanmar Yangon Jindi Garden Phase III Project" during the reporting period[43]. - The company plans to continue investing in prefabricated buildings and green energy-saving technologies[48]. - The company is committed to expanding its presence nationally while responding to the Belt and Road Initiative, leveraging its experience in overseas projects[43]. - The company plans to establish regional business expansion centers in key cities such as Xi'an, Beijing, Shanghai, and Shenzhen to enhance customer service capabilities and attract high-end talent[130]. - The company has decided to terminate the "Regional Business Expansion Center Construction" project due to rising real estate prices, reallocating the remaining funds for permanent working capital[132]. Management and Governance - The company aims to optimize internal management and improve employee productivity through team restructuring and flat management[52]. - The company plans to enhance its capabilities in BIM design, green buildings, and prefabricated construction technologies, aligning with national urban development policies[98]. - The company will focus on risk control by selecting quality projects and clients, ensuring smooth future operations[101]. - The company aims to strengthen its governance structure and improve internal management systems to support strategic goals[101]. - The company has committed to reducing and avoiding related party transactions to protect the interests of all shareholders[117]. Financial Adjustments and Compliance - The company has adopted new accounting standards effective from January 1, 2020, in compliance with the Ministry of Finance's regulations[145]. - The company has made adjustments to its profit distribution policy in response to significant changes in external operating environments or internal business conditions[140]. - The company will ensure that any adjustments to the profit distribution policy are made with the protection of shareholder rights as a priority[141]. - The domestic accounting firm Tianjian CPA has been engaged for internal control audit services, with a remuneration of 530,000 RMB[149]. - There were no significant lawsuits or arbitration cases during the reporting period, with a total amount involved in minor cases being 10.10 million RMB[151]. Changes in Share Structure - The total share capital increased from 83,200,000 shares to 141,047,370 shares following the completion of the 2019 annual equity distribution[179]. - The company completed the 2019 annual profit distribution, distributing a cash dividend of 2.3 RMB per 10 shares, totaling 19,006,993 RMB[196]. - The proportion of restricted shares decreased from 28.57% to 22.28% after the release of some restricted shares[189]. - The company’s total number of unrestricted shares increased from 59,428,052 to 109,619,324 shares, representing 77.72% of total shares[189]. - The company’s share capital structure has been significantly altered due to the conversion of capital reserves and the release of restricted shares[196].

Financial Performance - Operating revenue for the period was CNY 30,648,270.03, a decrease of 39.49% year-on-year[9] - Net profit attributable to shareholders was CNY 4,328,083.71, an increase of 22.31% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,086,105.35, up 31.83% year-on-year[9] - Basic earnings per share were CNY 0.03, down 25.00% compared to the same period last year[9] - Diluted earnings per share were CNY 0.03, down 25.00% compared to the same period last year[9] - The total operating revenue for the current period is ¥30,229,821.92, a decrease of 40.7% compared to ¥51,053,322.85 in the previous period[58] - The net profit for the current period is ¥4,328,083.71, an increase of 22.4% from ¥3,538,577.10 in the previous period[57] - The total profit for the current period is ¥5,125,067.00, an increase of 30.8% from ¥3,911,270.25 in the previous period[57] - The total operating costs for the current period are ¥23,208,666.36, down from ¥37,139,508.23 in the previous period, indicating a reduction of 37.5%[58] - The total profit for the current period is ¥6,485,527.62, down from ¥18,825,210.57 in the previous period, showing a decrease of 65.5%[75] Assets and Liabilities - Total assets decreased by 16.31% to CNY 311,542,434.50 compared to the end of the previous year[9] - Total assets as of September 30, 2020, were CNY 317,620,373.22, down from CNY 369,793,923.76 at the end of 2019, reflecting a decrease of approximately 14.1%[45] - Total liabilities as of September 30, 2020, were CNY 40,583,069.13, a decrease from CNY 79,696,278.06 at the end of 2019, indicating a reduction of about 49.1%[48] - Total liabilities reached CNY 79,227,443.27, with current liabilities at CNY 72,077,443.56 and non-current liabilities at CNY 7,149,999.71[99] - The total liabilities and owner's equity combined equal CNY 372,274,088.22, indicating a balanced financial position[102] Cash Flow - Net cash flow from operating activities was CNY 3,058,395.85, a decrease of 84.36% year-on-year[9] - The net cash flow from operating activities dropped by 115.43%, from CNY 24,852,761.34 to CNY -3,835,946.89, primarily due to decreased sales collections[23] - The company reported a significant decrease in cash flow from operating activities, indicating potential challenges in revenue generation and cost management[81] - Cash inflow from financing activities was CNY 44,995,100.00, while cash outflow was CNY 87,453,601.48, resulting in a net cash flow of CNY -42,458,501.48[84] - The ending cash and cash equivalents balance was CNY 101,968,277.58, down from CNY 149,261,866.03, reflecting a decrease of about 31.7%[84] Shareholder Information - The company reported a total of 5,130 shareholders at the end of the reporting period[14] - The company's total equity attributable to shareholders decreased from CNY 290,097,645.70 at the end of 2019 to CNY 277,037,304.09 as of September 30, 2020, a reduction of about 4.5%[48] - Total equity reached ¥290,097,645.70, including capital reserves of ¥98,372,501.78 and undistributed profits of ¥96,823,207.51[111] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to the declining revenue trend[50] - The company reported a significant increase in accounts payable, rising from CNY 18,774,013.62 to CNY 21,758,651.01, an increase of approximately 15.9%[47] - The company has not disclosed any new product developments or market expansion strategies in the current report[58] Tax and Expenses - The company reported a significant decrease in income tax expenses by 81.05%, from CNY 2,879,923.13 to CNY 545,810.99, due to a decline in total profit[23] - Research and development expenses were not detailed but are critical for future product development and market expansion strategies[51] - The company has a total of ¥22,346,870.26 in payable employee compensation and ¥5,535,708.23 in taxes payable, reflecting ongoing operational commitments[108]

Financial Performance - The company's operating revenue for the reporting period was ¥55,390,744.37, a decrease of 45.97% compared to the same period last year[32]. - The net profit attributable to shareholders was -¥2,762,189.19, representing a decline of 122.14% year-on-year[34]. - The net cash flow from operating activities was -¥6,894,342.74, a decrease of 230.17% compared to the previous year[34]. - Total assets at the end of the reporting period were ¥310,921,775.25, down 16.48% from the end of the previous year[34]. - The company's operating revenue for the first half of 2020 was CNY 55.39 million, a year-on-year decline of 45.97% due to the impact of the COVID-19 pandemic[57]. - The net profit attributable to shareholders of the listed company was CNY -2.76 million, a decrease of CNY 15.24 million year-on-year[54]. - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of CNY -68.94 million, a decline of 230.17% compared to the previous year[57]. Impact of COVID-19 - The company reported a significant impact from the COVID-19 pandemic, particularly in Q1 2020, affecting its production and operations[13]. - The COVID-19 pandemic has impacted operations, particularly in Q1, but the situation is gradually improving; the company will adjust operations based on pandemic developments[95]. Risks and Challenges - The company faces ongoing risks related to industry policy, particularly due to its reliance on real estate developers, which are heavily influenced by national macroeconomic policies[7]. - Accounts receivable represent a relatively high proportion of total assets, posing a risk of increased bad debt provisions if not collected on time[8]. - The company is experiencing pressure on its gross profit margins due to intensified industry competition, which may affect operational efficiency[9]. - The company is exposed to industry policy risks due to its reliance on real estate developers, which are significantly affected by national macro policies[92]. - The company is at risk of declining gross margins due to intensified industry competition and the need for improved operational efficiency[92]. Strategic Plans and Future Growth - Future growth is contingent on various factors, including macroeconomic conditions, industry outlook, and the company's innovation capabilities[12]. - The company continues to focus on architectural design services, with a strategic emphasis on urban renewal and new town development in China's central and western regions[45]. - The company aims to seize opportunities in new infrastructure development to create new business growth points[95]. - The company plans to increase investment in prefabricated buildings and green energy-saving initiatives[54]. - The company plans to enhance project management capabilities, strictly control costs, and improve operational efficiency to mitigate risks[95]. Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[14]. - The company commits to a cash dividend policy where at least 20% of the distributable profits will be distributed as cash dividends if there are no significant investment plans or cash expenditures[127]. - The company has a lock-up period for shareholders holding more than 5% of shares, which lasts for 24 months after the initial public offering, with a maximum transfer limit of 15% of their shares per year[124]. - The company will ensure that any share reduction by major shareholders complies with relevant laws and regulations, with a requirement for prior announcement three trading days in advance[124]. - The company emphasizes the importance of considering the opinions and demands of minority shareholders in its profit distribution policy[127]. Fundraising and Investments - The total amount of raised funds is CNY 107.37 million, with a net amount of CNY 107.37 million after deducting issuance costs of CNY 36.15 million[69]. - The company has terminated part of the fundraising investment project due to the inability to find suitable office locations in core areas, and the remaining funds will be permanently supplemented to working capital[72]. - The company completed the headquarters construction project using CNY 66.1244 million of the raised funds, with a remaining balance of CNY 3.7276 million[71]. - The company plans to utilize the remaining raised funds for production and operational activities related to its main business[172]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has made commitments to avoid conflicts of interest and ensure fair transactions with related parties[106]. - The company has a commitment to not engage in competing businesses that could harm its interests or those of its shareholders[108]. - The company has established an independent financial department and accounting system to ensure financial independence[115]. - The company will notify the listed company of any business opportunities that may constitute substantial competition and will strive to transfer such opportunities to the listed company[112]. Legal and Regulatory Matters - The company reported a total amount involved in non-significant litigation cases of ¥1,062.69 million, with ¥426 million received and ¥636.69 million still in execution as of the report date[144]. - There are ongoing litigation cases with a total amount involved of ¥1,587.8 million, awaiting court hearings[144]. - The company has no significant litigation, arbitration, or media scrutiny during the reporting period[145][148]. - The company did not engage in any related party transactions, asset acquisitions, or joint investments during the reporting period[150][151][152][153][154]. Changes in Corporate Structure - The company has undergone a name change and legal representative change, effective January 14, 2020[169]. - The company's total share capital increased from 83,200,000 shares to 141,047,370 shares following the implementation of the 2019 annual profit distribution, resulting in an increase of 57,847,370 shares[178]. - The proportion of restricted shares decreased from 28.57% to 22.28%, while unrestricted shares increased from 71.43% to 77.72% after the share capital change[178]. - The company’s stock code remains unchanged at "300492" despite the name change to "Huatu Cendes" from "Ding Design"[172].