证券代码：300517 证券简称：海波重科 债券代码：123080 债券简称：海波转债 海波重型工程科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------------|------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------| | ...

证券代码：300517 证券简称：海波重科 债券代码：123080 债券简称：海波转债 | --- | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|--------------------| | | | | 编号： 2022-006 | | | ☑ 特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | | 类别 | □新闻发布会 | □路演活动 | | | | □现场参观 | □电话调研 | | | ...

证券代码：300517 证券简称：海波重科 债券代码：123080 债券简称：海波转债 海波重型工程科技股份有限公司投资者关系活动记录表 编号：2022-008 | --- | --- | --- | --- | |-----------------------------|-----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | ☑ 特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 | □业 ...

Financial Performance - The company's revenue for Q3 2022 was ¥154,458,722.78, a decrease of 11.03% compared to the same period last year, and a year-to-date revenue of ¥409,659,656.88, down 51.87% year-on-year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥8,879,088.08, an increase of 22.92% year-on-year, while year-to-date net profit was ¥43,130,961.64, a decrease of 46.37%[4]. - The basic earnings per share for Q3 2022 was ¥0.045, up 20.39% year-on-year, while the diluted earnings per share was also ¥0.045, reflecting the same percentage increase[4]. - The total profit for Q3 2022 was ¥50,758,961.75, down from ¥82,476,692.76 in Q3 2021, marking a decline of 38.5%[37]. - Operating profit for Q3 2022 was ¥52,097,255.85, compared to ¥83,329,049.80 in Q3 2021, reflecting a decline of 37.4%[37]. - The company's total revenue from sales of goods and services in Q3 2022 was ¥440,709,536.55, compared to ¥477,640,779.28 in Q3 2021, representing a decrease of 7.7%[39]. - The net profit attributable to the parent company's shareholders for Q3 2022 was ¥43,130,961.64, a decrease of 40.4% compared to ¥72,229,920.10 in Q3 2021[38]. - Total operating costs for Q3 2022 were ¥369,207,954.28, down from ¥731,446,784.27 in the same period last year[37]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥25,427,924.69, representing a significant increase of 121.30% compared to the previous year[10]. - The company reported a net cash flow from operating activities of ¥25,427,924.69 for Q3 2022, a significant improvement from a net outflow of ¥119,401,949.52 in Q3 2021[40]. - Cash and cash equivalents decreased from CNY 210,616,640.82 to CNY 121,991,372.28, reflecting a liquidity contraction[34]. - The cash and cash equivalents at the end of Q3 2022 were ¥64,766,127.71, a decrease from ¥140,281,510.90 at the end of Q3 2021[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,795,967,502.02, a decrease of 5.25% from the previous year-end[5]. - The total liabilities decreased from CNY 972,986,215.73 to CNY 782,543,942.71, indicating a reduction in financial obligations[35]. - The company has a total equity of CNY 1,013,423,559.31, up from CNY 922,405,895.18, showing an increase in shareholder value[35]. - The company's cash and cash equivalents decreased by 42.08% to ¥121,991,372.28, primarily due to increased payments for maturing bills during the reporting period[9]. Legal Matters - The company is pursuing a lawsuit against Jiangsu Jialong Engineering Construction Co., demanding RMB 13,101,685.37 in unpaid project fees and a penalty of RMB 41,265,988.74 for overdue payments[16]. - A court ruling requires Chengdu Road and Bridge Engineering Co. to pay RMB 1,258,594.71 in project fees and overdue interest to the company[17]. - The company has initiated legal actions to recover a total of RMB 6,465,610.76 in project fees from Chengdu Road and Bridge Engineering Co. due to unpaid debts and claims[17]. - The company is involved in multiple legal disputes regarding unpaid project fees, indicating potential cash flow challenges[15][16][17]. - The company has filed a lawsuit against China Water Resources and Hydropower Eighth Engineering Bureau for overdue project payments amounting to CNY 9,812,153.00, with a court ruling requiring the defendant to pay CNY 4,247,833.4 plus interest[18]. - The company is involved in a legal dispute regarding the Yingshan to Dazhou Expressway project, with a claim for CNY 798,272.11 against two defendants, and the case has been transferred to a different court for jurisdiction[19]. - The company has initiated arbitration against China Railway Fifth Bureau Group for overdue payments of CNY 53,729,620.25, with a counterclaim for a penalty of CNY 5,736,745 due to project delays[21]. - The company has filed a lawsuit against China Metallurgical South City Construction Engineering Technology Co., Ltd. for overdue payments totaling CNY 40,607,518.86 related to multiple projects, with the case still pending[22]. - The company is pursuing legal action against China Communications Guangzhou Navigation Bureau for overdue payments of CNY 27,587,770.07 for the Huzhou Inner Ring Road project, with the case still pending[24]. - The company has filed a lawsuit against Chengdu Huachuan Highway Construction Group for overdue payments of CNY 19,345,306.17 related to the Yingshan to Dazhou Expressway project, with the case still pending[25]. - The company is seeking CNY 52,490,269.29 from Chengdu Huachuan Highway Construction Group for overdue payments related to the Taihang Mountain Expressway project, with the case still pending[27]. - The company has initiated arbitration against China Railway Tenth Bureau Group for remaining project payments of CNY 30,499,832.05, with the case still pending[27]. - The company signed a contract with Beijing Urban Construction Road and Bridge Group for the processing, transportation, and installation of steel box beams, with a claim for overdue payment of CNY 5,145,280.52, which is currently under legal proceedings[28]. - A settlement was reached with Henan Wujian Construction Group for overdue payments totaling CNY 5,949,776.15, with the first installment of CNY 2,551,784 already paid[29]. - The company is claiming CNY 9,515,330 for material adjustments and additional costs from Hubei Yangtze River Road and Bridge Co., with ongoing litigation regarding a counterclaim for CNY 46,165,732.8[30]. - A claim for CNY 11,233,061 against Chengdu Huachuan Highway Construction Group is pending arbitration due to delayed payments[31]. Shareholder Information - The company has a total of 25,456,500 shares held by its major shareholder Zhang Haibo, representing a significant portion of ownership[13]. - The company has a diverse shareholder base, with the top ten shareholders holding a combined significant percentage of shares[13].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥255,200,934.10, a decrease of 62.33% compared to ¥677,538,378.45 in the same period last year[23]. - The net profit attributable to shareholders was ¥34,251,873.56, down 47.31% from ¥65,006,559.17 year-on-year[23]. - Basic earnings per share decreased by 47.06% to ¥0.18 from ¥0.34 in the same period last year[23]. - Total assets at the end of the reporting period were ¥1,700,324,815.92, reflecting a decrease of 10.29% from ¥1,895,392,110.91 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 3.87% to ¥958,128,998.26 from ¥922,405,895.18 at the end of the previous year[23]. - The company reported non-recurring gains and losses totaling ¥1,337,867.02 for the period[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 32.91 million yuan, down 46.39% year-on-year[33]. - The company achieved operating revenue of 255.20 million yuan in the first half of 2022, a decrease of 62.33% compared to the same period last year[33]. - The company reported a revenue of ¥255,200,934.10 for the current period, a decrease of 62.33% compared to ¥677,538,378.45 in the same period last year, primarily due to an increase in the proportion of client-supplied materials and pandemic-related supply chain disruptions[79]. - The company's operating costs were ¥192,780,581.92, down 63.56% from ¥528,986,000.54 year-on-year, attributed to the same factors affecting revenue[79]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -¥10,093,245.61, a 89.03% increase compared to -¥91,978,238.41 in the previous year[23]. - Cash flow from operating activities improved by 89.03%, amounting to -¥10,093,245.61, mainly due to increased collection of receivables[84]. - Total cash and cash equivalents decreased by 52.60% to -¥76,384,941.63, attributed to reduced payments and increased receivables collection[84]. - The total investment during the reporting period was ¥5,000,000, a 150% increase from ¥2,000,000 in the same period last year[87]. Market and Industry Trends - The company has covered over 20 provinces and cities nationwide with its main business of bridge steel structure engineering[33]. - The company is actively exploring general contracting business opportunities following the qualification management reform, aiming to transition from specialized subcontracting to general contracting[46]. - The company is leveraging the rise of prefabricated assembly bridge structures to meet the growing demand for efficient and environmentally friendly construction methods[48]. - The government has set a target for fixed asset investment growth of over 10% in several provinces, indicating a strong push for infrastructure investment[54]. - The "14th Five-Year Plan" emphasizes the construction of a modern infrastructure system, including significant expansions in urban rail transit and highway networks, creating vast industry opportunities[53]. - The company is positioned to benefit from the accelerated infrastructure investment and the growing trend towards prefabricated bridge structures, which are environmentally friendly and efficient[57]. Technology and Innovation - The company has invested in a new heavy steel plant and spray workshop of approximately 40,000 square meters, enhancing production capacity significantly[39]. - The company obtained 10 new utility model patents during the reporting period, bringing the total to 32 utility model patents and 10 invention patents[37]. - The company is focusing on upgrading to intelligent manufacturing, with significant investments in automation and smart equipment[39]. - The introduction of automated equipment and process control has improved the precision of steel structure manufacturing, significantly increasing production efficiency[50]. - The company has established partnerships with universities for research and development, aiming to convert scientific achievements into economic productivity[72]. - The company is investing in technology upgrades and smart manufacturing to improve production efficiency and reduce costs, which is crucial for maintaining competitiveness in the bridge steel structure industry[111]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and strategies[4]. - The company faces significant risks related to macroeconomic policies, particularly in the bridge steel structure engineering industry, which is closely tied to national economic conditions and infrastructure investment levels[94]. - The company has established a comprehensive risk control system for accounts receivable recovery, including a dedicated legal team to support collection efforts[96]. - Fluctuations in steel prices significantly impact the company's operating performance, as steel materials constitute a major portion of production costs[97]. - The company has implemented measures to mitigate the impact of steel price volatility, such as locking in prices with suppliers and establishing price adjustment mechanisms in contracts[97]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with various laws and regulations, which enhances decision-making fairness and supports sustainable operations[132]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, by continuously improving its governance and internal control systems[132]. - The company has actively engaged in investor relations management, utilizing multiple channels to enhance communication and transparency with investors[133]. - The company has committed to fulfilling its equity incentive plan, which has been in effect since April 2018[146]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[147]. Legal Matters - The company is currently involved in a lawsuit with Jiangsu Jialong Engineering Construction Co., Ltd., with a claim amount of 5,436.77 million CNY, which is still under appeal[151]. - The company is appealing a court decision regarding a payment of CNY 1,258,594.71 and overdue interest calculated from a base of CNY 997.52[152]. - The company is currently involved in multiple litigation cases, including disputes over contract payments[153]. - The company has reported a significant focus on legal compliance and financial recovery strategies in its operations[152][153]. Employee and Environmental Management - The company has committed to providing a healthy and secure working environment for employees, including mandatory health check-ups and compliance with labor laws[132]. - The company has implemented a new catalytic combustion system to replace older equipment, significantly improving VOCs waste gas treatment efficiency since its launch in the first half of 2022[130]. - The company has established emergency response plans for environmental incidents, ensuring effective handling of potential environmental issues[130]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[129]. Strategic Outlook - The company plans to enhance market expansion by increasing resource investment in marketing and establishing an efficient market information management system[139]. - The company aims to strengthen technical research and development, focusing on key technologies in bridge steel structure engineering to improve competitiveness[140]. - The company will manage the use of raised funds in accordance with relevant regulations to ensure compliance and efficiency[140]. - The company is focused on increasing its engineering contracting capabilities to boost overall performance[139].

Financial Performance - The company's revenue for Q1 2022 was ¥140,057,537.55, a decrease of 66.32% compared to ¥415,834,949.66 in the same period last year[3]. - Net profit attributable to shareholders was ¥30,170,123.02, down 22.56% from ¥38,959,495.28 year-on-year[3]. - The company's basic earnings per share decreased by 22.66% to ¥0.157 from ¥0.203 in the same period last year[3]. - Total operating revenue for Q1 2022 was ¥140,057,537.55, a decrease of 66.4% compared to ¥415,834,949.66 in the same period last year[26]. - Net profit for Q1 2022 was ¥30,170,123.02, a decline of 22.5% from ¥38,959,495.28 in Q1 2021[27]. - The total comprehensive income for the period was CNY 30,170,123.02, compared to CNY 38,959,495.28 in the previous period, indicating a decrease of approximately 22%[28]. - Basic and diluted earnings per share were both CNY 0.157, down from CNY 0.203 in the previous period, reflecting a decline of about 22.7%[28]. Cash Flow and Assets - The net cash flow from operating activities was -¥47,426,445.51, slightly worse than -¥45,788,905.71 in the previous year, reflecting a decline of 3.58%[3]. - Cash inflows from operating activities totaled CNY 192,713,766.14, compared to CNY 211,022,710.35 in the previous period, representing a decrease of approximately 8.7%[30]. - Cash outflows from operating activities amounted to CNY 240,140,211.65, down from CNY 256,811,616.06 in the previous period, showing a reduction of about 6.5%[31]. - The ending cash and cash equivalents balance was CNY 72,827,681.86, significantly lower than CNY 261,242,475.32 at the end of the previous period, a decline of approximately 72%[32]. - Cash and cash equivalents decreased to ¥108,631,388.37 from ¥210,616,640.82, representing a drop of 48.7%[22]. - Total assets at the end of the reporting period were ¥1,732,902,051.13, down 8.57% from ¥1,895,392,110.91 at the end of the previous year[3]. - Total liabilities decreased to ¥780,322,025.02 from ¥972,986,215.73, a reduction of 19.7%[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,141[9]. - Zhang Haibo holds 52.98% of the shares, amounting to 101,826,000 shares[9]. - The total number of restricted shares at the beginning of the period was 79,618,320, with 992,160 shares released during the period[11]. - The total number of unrestricted shares held by the top ten shareholders is 25,456,500[9]. - The top ten shareholders include individuals with varying ownership percentages, with the largest being Zhang Haibo at 52.98%[9]. - The company has a total of 76,369,500 restricted shares held by Zhang Haibo, which are subject to a two-year lock-up period[11]. Legal Matters - The company has initiated legal proceedings to recover owed amounts from a contractor due to contract non-fulfillment[12]. - The company is owed 5,730,948.54 RMB for steel box girder production and installation, along with additional costs totaling 4,128,201.5 RMB[12]. - The company has a court ruling requiring the defendant to pay 2,894,401.11 RMB in project payments and 2,836,547.43 RMB in project warranty funds[12]. - The company is pursuing a lawsuit against Jiangsu Jialong Engineering Construction Co., Ltd. for overdue project payments totaling ¥13,101,685.37 and a penalty of ¥41,265,988.74[13]. - The company has filed a lawsuit against Chengdu Road and Bridge Engineering Co., Ltd. for project payments of ¥6,465,610.76 and additional damages of ¥3,509,583.00[14]. - The company is seeking ¥9,812,153.00 in overdue payments from China Water Resources and Hydropower Eighth Engineering Bureau Co., Ltd. due to a contract dispute[14]. - A lawsuit has been initiated against Anhui Feituo Machinery Equipment Co., Ltd. for a total claim of ¥1,248,000, including penalties and damages[15]. - The company has a pending case against Sichuan Yuanhe Deshun Highway Engineering Co., Ltd. for a total claim of ¥798,272.11 related to project payments and compensation[17]. - The company is pursuing a claim of ¥13,737,802.94 and interest from Henan Liu Jian Construction Group Co., Ltd. due to contract disputes[18]. - The company has filed for arbitration against Wuhan Municipal Environmental Engineering Construction Co., Ltd. for overdue payments of ¥4,146,694.40 and interest[19]. - In January 2022, Wuhan Municipal Environmental Engineering Construction Co., Ltd. paid ¥3,000,000 towards the overdue project payments[20]. Research and Development - Research and development expenses were ¥5,032,488.01, a decrease of 49.41% compared to ¥9,947,771.08 in the previous year[7]. Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[3].

Financial Performance - The company's operating revenue for 2021 was ¥1,117,898,630.66, representing a 30.41% increase compared to ¥857,230,045.59 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥91,062,292.47, a significant increase of 75.45% from ¥51,902,809.21 in 2020[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,173,883.69, up 83.33% from ¥50,822,227.80 in 2020[19]. - The basic earnings per share for 2021 was ¥0.46, reflecting a 70.37% increase from ¥0.27 in 2020[19]. - The total assets at the end of 2021 amounted to ¥1,895,392,110.91, a 4.92% increase from ¥1,806,491,735.34 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥922,405,895.18, which is a 9.25% increase from ¥844,306,476.88 at the end of 2020[19]. - The company reported a net cash flow from operating activities of -¥97,878,209.52, a decline of 885.53% compared to ¥12,460,150.66 in 2020[19]. - The weighted average return on equity for 2021 was 10.26%, an increase of 3.32% from 6.94% in 2020[19]. Quarterly Performance - The company's total revenue for Q1 2021 was approximately CNY 415.83 million, with a net profit attributable to shareholders of CNY 38.96 million[22]. - In Q2 2021, the revenue decreased to approximately CNY 261.70 million, while the net profit attributable to shareholders was CNY 26.05 million[22]. - The net profit attributable to shareholders for Q3 2021 dropped to CNY 7.22 million, with revenue at CNY 173.60 million[22]. - Q4 2021 saw a revenue increase to approximately CNY 266.76 million, with a net profit of CNY 18.83 million[22]. - The company reported a negative cash flow from operating activities in Q1 and Q2 2021, with net cash flow of CNY -45.79 million and CNY -46.19 million respectively, but a positive cash flow of CNY 21.52 million in Q4[22]. Investment and R&D - The company has established a "super heavy bridge steel structure R&D, manufacturing, and logistics base project" to enhance its competitive advantage in the market[45]. - The company has made significant progress in the research and development of steel box arch bridges, aiming to enhance construction efficiency and reduce costs through innovative floating construction techniques[96]. - The company is focusing on optimizing waste gas treatment methods for plasma cutting equipment, addressing environmental concerns and enhancing production safety[97]. - The company’s R&D investment amounted to ¥39,851,563.09 in 2021, representing 3.56% of total revenue, an increase from 3.49% in 2020[98]. - The number of R&D personnel increased by 30.08% from 133 in 2020 to 173 in 2021, with R&D personnel now accounting for 41.89% of the total workforce[98]. Market and Industry Trends - The total fixed asset investment in China for 2021 was CNY 55.29 trillion, reflecting a growth of 4.9% compared to the previous year[31]. - The construction industry in China saw an increase in value added of CNY 80.14 trillion in 2021, growing by 2.1% year-on-year[31]. - The company is positioned to benefit from the increasing demand for prefabricated steel structures in bridge construction, driven by environmental sustainability and resource efficiency[42]. - The steel structure bridge industry is experiencing accelerated development due to the promotion of green transportation infrastructure, despite facing challenges from macroeconomic downturns[43]. - The application of steel structures in bridge engineering is currently low in China compared to developed countries, indicating substantial growth potential in the sector[42]. Governance and Management - The company has established a complete and independent business system, ensuring independence in assets, personnel, finance, and operations from the controlling shareholder[165]. - The company has independent financial management and accounting systems, with no shared bank accounts with the controlling shareholder[168]. - The company actively fulfills its social responsibilities and maintains communication with stakeholders to balance interests[161]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate information is available to all shareholders[163]. - The company has a robust governance structure with clear roles and responsibilities among management, the board, and supervisory bodies[169]. Future Plans and Strategies - The company aims to enhance its core business in bridge steel structure manufacturing and installation, leveraging the national push for green construction and transportation infrastructure development[123]. - In 2022, the company plans to improve its marketing system and competitive strategies, increasing R&D and equipment upgrade investments to enhance product quality and reduce manufacturing costs[124]. - The company intends to expand its total contracting business, transitioning from specialized subcontracting to total contracting, with a focus on building an independent operational management system[129]. - The company will explore the development and manufacturing of other steel structure products to diversify its product offerings and create new growth points[130]. - The company aims to achieve a 90% suitability rate through a competency evaluation system for its workforce[126]. Risks and Challenges - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - Steel material costs significantly impact the company's operations, with strategies in place to lock in prices and mitigate risks from price fluctuations[136]. - The company has established a comprehensive risk control system for accounts receivable, addressing potential collection delays due to long project cycles and economic fluctuations[134]. - The company is exploring transformation opportunities to upgrade from specialized subcontracting to general contracting in construction[141]. Shareholder Engagement - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring all shareholders, especially minority shareholders, could exercise their rights[157]. - The annual shareholders' meeting had a participation rate of 57.61% on May 18, 2021, and 57.47% for the first extraordinary shareholders' meeting on September 3, 2021[171]. - The company is committed to protecting investors' rights and has implemented measures to ensure compliance with regulations[172].

Financial Performance - Revenue for Q3 2021 was CNY 173,601,959.44, a decrease of 4.42% compared to the same period last year, while year-to-date revenue reached CNY 851,140,337.89, an increase of 85.44%[4] - Net profit attributable to shareholders for Q3 2021 was CNY 7,223,360.92, down 43.63% year-on-year, with year-to-date net profit at CNY 72,229,920.10, up 111.17%[4] - Basic earnings per share for Q3 2021 was CNY 0.038, a decrease of 68.68% compared to the same period last year, while year-to-date basic earnings per share was CNY 0.38, an increase of 18.75%[4] - Total operating revenue for the period reached ¥851,140,337.89, a significant increase of 85.2% compared to ¥458,984,974.48 in the previous period[26] - Net profit for the period was ¥72,229,920.10, representing a 111.1% increase from ¥34,204,225.93 in the same period last year[27] - Basic and diluted earnings per share were both ¥0.38, compared to ¥0.32 in the previous period[28] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY -119,401,949.52, a significant decrease of 475.64%[4] - Cash flow from operating activities generated ¥477,640,779.28, compared to ¥371,734,404.48 in the prior period[29] - Operating cash inflow totaled CNY 518,355,081.66, an increase from CNY 397,008,244.10 in the previous year[31] - Cash outflow from financing activities reached CNY 108,409,359.00, significantly higher than CNY 32,133,045.97 in the previous year[32] - Cash outflow for operating activities amounted to CNY 637,757,031.18, compared to CNY 365,222,075.83 in the previous year[31] - The ending balance of cash and cash equivalents was CNY 140,281,510.90, slightly up from CNY 139,193,006.95 a year ago[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,815,054,633.55, a slight increase of 0.47% from the end of the previous year[4] - The company's cash and cash equivalents decreased to CNY 205,282,610.38 from CNY 412,896,350.36 at the end of 2020, representing a decline of approximately 50.3%[23] - Accounts receivable increased significantly to CNY 704,266,364.44, up from CNY 478,670,112.75, indicating a growth of about 47.2%[23] - The company's inventory decreased to CNY 321,994,125.55 from CNY 428,665,083.48, reflecting a reduction of approximately 25%[23] - Total current liabilities decreased to CNY 706,813,235.20 from CNY 772,919,373.71, a decline of about 8.5%[24] - The company's long-term borrowings remained stable, with non-current liabilities totaling CNY 195,310,074.47, slightly up from CNY 189,265,884.75[24] Research and Development - Research and development expenses for the year-to-date period were CNY 30,937,495.68, an increase of 57.00% compared to the previous year, reflecting increased investment in production technology and automation[8] - Research and development expenses increased to ¥30,937,495.68, up from ¥19,705,315.07, reflecting a focus on innovation[26] Legal and Claims - The company has initiated legal proceedings against Jiangsu Jialong Engineering Construction Co., demanding RMB 13,101,685.37 for unpaid project fees and a penalty of RMB 41,265,988.74 for overdue payments[16] - The company is involved in multiple ongoing legal disputes, with significant amounts claimed in each case, indicating potential financial impacts[15][16] - The company has a total of 4,128,201.5 RMB in additional claims related to site occupation fees and other costs due to contract delays[14] - The company has a total of 2,894,401.11 RMB in claims against Henan Liu Jian for project payments, with ongoing appeals in the case[15] - The company has a total of 11,894.55 RMB to be returned from Wuhan Chuli Yilong Bridge Engineering Co. as per a court ruling[16] - The company is actively pursuing legal actions to recover significant amounts owed, reflecting ongoing operational challenges[14][15][16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,449, with the largest shareholder holding 52.97% of the shares[10] - The company has a total of 695,160 restricted shares held by Song Xiongwen, with 62,415 shares released from restriction during the reporting period[13] - The company has a total of 62,415 shares released from restriction during the reporting period, indicating some liquidity for shareholders[13] Government Subsidies - The company received government subsidies amounting to CNY 4,543,755.84 during the reporting period, representing a 171.75% increase compared to the previous year[8] Financial Position - The company reported a total equity of CNY 912,931,323.88 as of September 30, 2021, up from CNY 844,306,476.88 at the end of 2020[24] - The total assets and equity reached ¥1,815,054,633.55 and ¥912,931,323.88 respectively, indicating a stable financial position[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥677,538,378.45, representing a 144.28% increase compared to ¥277,357,172.95 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached ¥65,006,559.17, a significant increase of 203.90% from ¥21,390,568.18 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥61,398,564.50, up 196.53% from ¥20,705,990.91 year-on-year[22]. - The basic earnings per share increased by 70.00% to ¥0.34 from ¥0.20 in the same period last year[22]. - The total assets at the end of the reporting period were ¥1,673,168,004.36, a decrease of 7.38% from ¥1,806,491,735.34 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 7.15% to ¥904,694,216.39 from ¥844,306,476.88 at the end of the previous year[22]. - The company reported a net cash flow from operating activities of -¥91,978,238.41, a decline of 389.37% compared to ¥31,786,168.27 in the same period last year[22]. - The weighted average return on net assets was 7.41%, an increase of 4.49% compared to 2.92% in the previous year[22]. Research and Development - The company has been awarded 20 new utility model patents, bringing the total to 27 utility model patents and 10 invention patents[34]. - The company plans to continue increasing R&D investment to enhance core competitiveness and expand technological advantages[36]. - The company's R&D investment rose to ¥19,894,811.09, a 54.19% increase from ¥12,903,047.91, driven by enhancements in production processes and automation[74]. - The company has established partnerships with universities for R&D collaboration, aiming to convert research outcomes into economic benefits[67]. - The company is actively enhancing its core competitiveness through increased R&D investment and exploring new technologies[97]. - The company has 10 invention patents and 27 utility model patents as of the end of the reporting period, indicating a strong focus on R&D and innovation[111]. Market and Industry Position - The company is transitioning from traditional manufacturing to intelligent manufacturing, improving production efficiency and product quality[35]. - The company has established regional subsidiaries to expand its market reach and strengthen strategic partnerships with major contractors[32]. - The company is positioned in the second tier of the market, competing with local medium and large enterprises, and is enhancing its project management and cost control capabilities[52]. - The company aims to improve market share and management efficiency through the acceleration of its information system construction for real-time monitoring and management[53]. - The company is focusing on expanding its market presence in lower-revenue regions such as North China, Northeast China, and Southwest China to stabilize its business growth[106]. Safety and Quality Management - The company has not experienced any major safety incidents during the reporting period, indicating effective safety management measures[38]. - The company has maintained a strong safety and quality management system, with no major safety or quality incidents reported during the reporting period[64]. - The company is committed to strengthening safety measures and environmental protection to mitigate risks associated with construction operations[102]. - The company has established a comprehensive emergency response plan for environmental incidents and conducts regular drills to ensure effective response capabilities[127]. Financial Management and Risks - The company plans to increase the proportion of direct financing to reduce financing costs, with a focus on bank financing and optimizing contract terms[39]. - The company faces risks related to macroeconomic policies, which can significantly impact the bridge steel structure engineering industry[96]. - The company has established a comprehensive risk control system for accounts receivable, addressing potential delays in collection due to project completion timelines[98]. - The company mitigates risks from steel price fluctuations by locking in prices with suppliers and using a pricing adjustment mechanism in contracts[99]. - The financial expenses surged by 508.01% to ¥6,428,305.40, primarily due to increased interest expenses from convertible bonds[74]. Shareholder and Corporate Governance - The controlling shareholder holds 53% of the shares, leading to potential decision-making concentration risks that may affect minority shareholders[112]. - The company has established a sound corporate governance structure and is continuously improving it to prevent governance risks[112]. - The company has complied with regulatory requirements regarding the issuance and transfer of shares, ensuring transparency in its operations[181]. - The total number of ordinary shareholders at the end of the reporting period was 8,334[184]. - The largest shareholder, Zhang Haibo, holds 53.00% of the shares, totaling 25,456,500 shares[185]. Legal Matters - The company reported a total litigation amount of approximately 2,894,401.11 yuan related to construction payment disputes[140]. - The company is involved in ongoing litigation with a claim amount of 1,508.84 thousand yuan against Henan Liujian Construction Group[141]. - The company has initiated a lawsuit against Jiangsu Jiadach Bridge Engineering Co., with a claim amount of 5,436.77 thousand yuan[141]. - The company is pursuing a claim of 2,959.14 thousand yuan against Hubei Changjiang Road and Bridge Co., which is currently in the evidence exchange phase[142]. - The company has a pending lawsuit against Sichuan Yuantong Road Engineering Co., with a claim amount of 997.52 thousand yuan[142]. Operational Efficiency - The company has implemented a performance management system that significantly enhances employee motivation and efficiency through a KSF and PPV compensation model[41]. - The company has established a comprehensive project management system that ensures continuous improvement in project performance and compliance[42]. - The company has implemented a series of measures to enhance management efficiency and reduce costs, including investing in technology and innovation to improve product quality[109]. - The company's inventory turnover rates for the years 2018 to the first half of 2021 were 1.29, 1.59, 1.82, and 1.66, respectively, indicating a steady improvement in inventory management[104]. Capital Management - The company raised 245 million yuan through the issuance of convertible bonds in December 2020, which may create repayment pressure if not managed properly[108]. - The total amount of convertible bonds issued was ¥245,000,000[199]. - The total number of shares increased from 10,240,000 to 10,685,400 after the completion of the restricted stock incentive plan[121]. - The company distributed cash dividends of 0.50 yuan per share (before tax) to all shareholders[175]. - The total number of restricted shares held by major shareholders increased significantly, with Zhang Haibo's shares rising from 42,427,500 to 76,369,500[179].

Financial Performance - The company's operating revenue for Q1 2021 was ¥415,834,949.66, representing a 529.84% increase compared to ¥66,022,622.35 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥38,959,495.28, a 599.09% increase from ¥5,572,918.84 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,709,318.72, up 615.16% from ¥5,412,650.25 year-on-year[8] - The basic earnings per share for Q1 2021 was ¥0.365, which is a 601.92% increase compared to ¥0.052 in the same period last year[8] - The weighted average return on net assets increased to 4.51% from 0.77% year-on-year, reflecting improved profitability[8] - The company achieved operating revenue of CNY 415.83 million in Q1 2021, an increase of 529.84% compared to the same period last year[19] - Net profit for the quarter was CNY 38.96 million, representing a 599.09% increase year-over-year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,802,030,810.21, a slight decrease of 0.25% from ¥1,806,491,735.34 at the end of the previous year[8] - The total assets at the end of the reporting period were 1.80 billion yuan, a decrease of 0.25% from the beginning of the period[19] - The total liabilities decreased to CNY 918,764,838.05 from CNY 962,185,258.46, a decline of about 4.5%[51] - The equity attributable to the owners of the parent company increased to CNY 883,265,972.16 from CNY 844,306,476.88, reflecting an increase of approximately 4.6%[52] Cash Flow - The net cash flow from operating activities was negative at -¥45,788,905.71, a decline of 240.40% compared to a positive cash flow of ¥32,612,294.68 in the same period last year[8] - The company's cash and cash equivalents decreased to CNY 324,878,944.08 from CNY 412,896,350.36, reflecting a decline of approximately 21.2%[49] - The net cash flow from operating activities is negative at CNY -45,788,905.71, compared to a positive CNY 32,612,294.68 in the previous period[68] - The total cash outflow from operating activities was CNY 256,811,616.06, compared to CNY 172,409,862.70 in the previous period[68] - The net increase in cash and cash equivalents for the period was -84,688,005.56, reflecting a decrease in liquidity[72] Research and Development - The company increased its R&D expenses to CNY 9.95 million, up 143.58% year-over-year, focusing on production processes and automation[18] - Research and development expenses increased to CNY 9,947,771.08 from CNY 4,083,958.52, indicating a focus on innovation[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,277[11] - The company plans to increase its wholly-owned subsidiary's registered capital from 10 million yuan to 40 million yuan[28] Legal Matters - The company is involved in ongoing litigation regarding unpaid project funds totaling 5.73 million yuan from a contract with Zhongjiao Hengdu[29] - The company is also pursuing claims for 1.64 million yuan in warranty funds and overdue payment interest from Wuhan Steel[32] - The company is involved in multiple lawsuits regarding unpaid project funds, including a claim for 13,101,685.37 CNY and overdue penalty fees of 41,265,988.74 CNY against Jiangsu Jialong Engineering Construction Co., Ltd.[34] - A lawsuit has been filed against Hubei Changjiang Road and Bridge Co., Ltd. for material adjustment discrepancies totaling 9,881,699.51 CNY, along with additional claims amounting to 29,618,882.60 CNY for various project-related costs[35] - The company has initiated legal action against Chengdu Road and Bridge Engineering Co., Ltd. for 6,465,610.76 CNY in unpaid project funds and 3,509,583.00 CNY in damages[36] - A claim for 9,812,153.00 CNY in unpaid project funds has been filed against China Water Resources and Hydropower No. 8 Engineering Bureau[37] - The company is awaiting court hearings for several ongoing lawsuits related to construction contracts and payment disputes[34][35][36][37] Operational Strategy - The company implemented a market strategy of "same quality at a better price," enhancing contract quality and marketing efforts[20] - Significant investment in technology and innovation was made, including collaboration with advanced equipment manufacturers to improve production capabilities[21] - The company established a comprehensive project management system, enhancing the management of ongoing projects[26] Financial Management - The company focused on financing and collection of accounts receivable to address funding needs, primarily through bank financing[25] - The company incurred financial expenses of CNY 3,449,832.74, with interest expenses amounting to CNY 3,232,133.16[63] Miscellaneous - The company received government subsidies amounting to ¥309,992.28 during the reporting period[9] - No share buyback activities have been reported during the current period[37] - There were no violations regarding external guarantees during the reporting period[43] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties[43] - No research, communication, or interview activities were conducted during the reporting period[44] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[73]