Financial Performance - Total revenue for the first half of 2017 was CNY 126,232,482.85, a decrease of 24.16% compared to CNY 166,454,145.05 in the same period last year[20]. - Net profit attributable to shareholders was CNY 7,426,435.43, down 73.89% from CNY 28,439,064.92 year-on-year[20]. - Net profit after deducting non-recurring gains and losses was CNY 1,643,031.41, a decline of 94.25% compared to CNY 28,560,474.37 in the previous year[20]. - Basic earnings per share decreased by 80.85% to CNY 0.09 from CNY 0.47 in the same period last year[21]. - The net cash flow from operating activities was negative CNY 42,123,389.38, a significant decline from positive CNY 4,067,616.40 in the previous year, representing a decrease of 1,135.58%[20]. - The company reported a significant increase in asset impairment losses, which rose to CNY 4,332,618.35 from CNY 12,557,492.89, indicating a reduction of 65.5%[111]. - The total profit for the first half of 2017 was CNY 8,520,359.91, a decrease of 75.8% compared to CNY 35,268,141.14 in the same period of 2016[111]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 906,895,203.71, a slight decrease of 0.07% from CNY 907,520,055.14 at the end of the previous year[21]. - Total current assets decreased slightly to CNY 849,494,242.08 from CNY 851,772,234.66, a decline of approximately 0.27%[102]. - Total liabilities decreased to CNY 262,415,419.21 from CNY 262,762,307.88, a reduction of about 0.13%[103]. - The total owner's equity remained relatively stable at CNY 644,479,784.50 compared to CNY 644,757,747.26, a minor decrease of 0.04%[104]. - The company’s monetary funds increased to 66.47 million yuan, representing 7.33% of total assets, up from 5.22% in the previous year[39]. Cash Flow - Cash flow from operating activities showed a net outflow of 42.12 million yuan, a significant decline compared to a net inflow of 4.07 million yuan in the previous year[36]. - Total cash inflow from operating activities was 53,964,080.74 yuan, while cash outflow was 96,087,470.12 yuan, resulting in a net cash flow deficit[118]. - The net cash flow from financing activities was -9,359,849.00 yuan, compared to a positive cash flow of 11,631,142.17 yuan in the previous period[119]. Investments and Projects - The company is currently constructing multiple LNG facilities, including projects in Hegang, Qitaihe, and Rizhao, which are in various stages of installation and commissioning[31]. - The company signed a contract for a daily processing capacity of 1 million cubic meters of pipeline natural gas liquefaction project, with a total contract value of 196 million yuan, expected to generate revenue of 177.7 million yuan[31]. - The total committed investment projects amount to CNY 29,730 million, with CNY 18,200 million utilized by the end of the reporting period, achieving 91% of the planned investment[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,100[87]. - The company has a total of 80,000,000 shares, with 60,000,000 shares subject to restrictions and 20,000,000 shares freely tradable[85]. - The largest shareholder, Xie Lemin, holds 13.39% of the shares, amounting to 10,714,200 shares[87]. Risk Factors - The company faces significant risks and has outlined measures to address these risks in the report[6]. - The company faces risks related to a significant decline in operating performance due to macroeconomic downturns and low LNG prices[53]. - The accounts receivable balance remains high, which may negatively impact the company's asset quality and financial condition if not collected in a timely manner[54]. Corporate Governance - The company has not engaged in any significant related party transactions during the reporting period[69]. - There were no major litigation or arbitration matters during the reporting period[64]. - The company has not initiated any poverty alleviation work or plans for the half-year period[80]. Financial Reporting - The half-year financial report has not been audited[62]. - The financial statements were prepared in accordance with the relevant accounting standards, ensuring compliance and accuracy[142]. - The company does not have any publicly issued bonds that are due or have not been fully paid[97].

Financial Performance - Total operating revenue for Q1 2017 was ¥24,474,430.14, a decrease of 28.81% compared to ¥34,380,212.44 in the same period last year[9] - Net profit attributable to shareholders was -¥4,844,324.12, showing a slight improvement from -¥4,947,478.34 year-on-year[9] - Basic and diluted earnings per share were both -¥0.06, compared to -¥0.08 in the same period last year[9] - Net profit was reported at -¥4,844,324.12, reflecting a year-on-year decline of 2.08% attributed to reduced revenue[19] - Operating profit for Q1 2017 was -CNY 7,713,923.96, compared to -CNY 4,098,712.09 in the same period last year[42] - Net profit for Q1 2017 was -CNY 5,220,336.31, worsening from -CNY 3,910,161.66 in the previous year[42] - The total comprehensive income for the first quarter was -4,123,902.07 CNY, compared to -6,094,261.54 CNY in the same period last year[50] Cash Flow - The net cash flow from operating activities was -¥29,871,055.90, significantly worse than -¥3,447,187.68 in the previous year[9] - Cash inflow from operating activities totaled 21,827,698.41 CNY, significantly lower than 94,270,665.13 CNY in the previous year[50] - Cash outflow from operating activities was 51,698,754.31 CNY, compared to 97,717,852.81 CNY in the same period last year[50] - Cash inflow from investment activities was 50,000,000.00 CNY, with cash outflow of 120,000,000.00 CNY, resulting in a net cash flow of -70,000,000.00 CNY[51] - Cash flow from financing activities showed a net outflow of -1,359,849.00 CNY, compared to a net inflow of 7,640,714.38 CNY in the previous year[51] - The net increase in cash and cash equivalents was -101,230,904.90 CNY, contrasting with an increase of 4,189,724.13 CNY in the same period last year[51] - The ending balance of cash and cash equivalents was 52,178,521.59 CNY, down from 21,511,801.41 CNY year-over-year[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥864,064,779.88, down 4.79% from ¥907,520,055.14 at the end of the previous year[9] - Total liabilities decreased from ¥262,762,307.88 to ¥224,257,206.20, a decrease of about 14.7%[35] - The total assets decreased from ¥907,520,055.14 to ¥864,064,779.88, reflecting a decline of approximately 4.8%[34] - The company's total equity stood at CNY 620,335,533.71, slightly down from CNY 624,189,157.15 year-over-year[39] Risks and Challenges - The company faces significant risks including a potential decline in LNG orders and increased competition, which could further impact performance in 2017[11] - The company has a large accounts receivable balance, which poses a risk to asset quality and financial stability if not collected timely[11] - The company faces potential risks and challenges, which are detailed in the risk section of the report[21] - The company reported no new orders during the reporting period, with existing orders affected by industry downturns and the Spring Festival holiday, indicating a potential net profit decline of over 50% in the first half of the year if no significant changes occur in order execution[27] Investments and Fundraising - Total fundraising amounted to ¥29,730 million, with ¥3,000 million invested in the current quarter[24] - Cumulative investment from fundraising reached ¥15,200 million, representing 76.00% of the planned investment[25] - The company invested ¥50 million in financial products, resulting in cash inflow from investment activities[18] Other Financial Metrics - The company reported non-recurring gains and losses of ¥2,272,608.07, primarily from government subsidies[10] - The company received government subsidies, leading to a 1193.76% year-on-year increase in non-operating income[18] - Sales expenses increased by 68.33% year-on-year, mainly due to the expansion of the marketing department and an increase in marketing personnel[18] - The company's inventory increased from ¥53,124,365.25 to ¥55,254,664.17, an increase of about 4.0%[33] - The company's other current assets rose significantly from ¥54,151,460.85 to ¥124,481,470.50, marking an increase of approximately 130%[33] - The company's retained earnings decreased from ¥191,482,271.72 to ¥186,637,947.59, a decline of about 2.9%[36] - The report for the first quarter was not audited[56]

Financial Performance - The company's operating revenue for 2016 was ¥308,072,671.22, a decrease of 32.19% compared to ¥454,298,914.08 in 2015[21] - The net profit attributable to shareholders for 2016 was ¥38,588,744.72, down 36.46% from ¥60,729,821.66 in 2015[21] - The net cash flow from operating activities was negative at ¥59,087,843.84, compared to a negative ¥45,855,968.93 in 2015[21] - The total operating costs for 2016 amounted to CNY 201,907,633.33, down 31.85% from CNY 296,251,124.49 in 2015[56] - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2016, representing a year-over-year growth of 20%[106] - The company reported a net profit attributable to shareholders of 38.59 million yuan for the reporting period, with a cash dividend distribution of 1 yuan per 10 shares, totaling 8 million yuan[98] - The cash dividend accounted for 100% of the total distributable profit, with retained earnings of 180.04 million yuan to be carried forward to the next year[98] Assets and Liabilities - The total assets at the end of 2016 amounted to ¥907,520,055.14, reflecting an increase of 23.85% from ¥732,767,485.78 at the end of 2015[21] - The net assets attributable to shareholders increased by 115.02% to ¥635,047,763.88 from ¥295,343,357.14 in 2015[21] - The company's total assets included CNY 177,371,858.92 in cash, representing 19.54% of total assets, an increase from 3.41% in 2015[68] - The company's inventory decreased by 29.34% to CNY 53,124,365.25 from CNY 75,183,207.43 in 2015[54] - The company's inventory decreased by 4.41% year-on-year, amounting to 53,124,365.25 CNY, which represents 5.85% of total assets[69] - As of December 31, 2016, the company had a total of 52,034,665.77 CNY in restricted assets, including cash and receivables[70] Research and Development - The company invested 14.46 million yuan in research and development, resulting in 3 new invention patents and 9 utility model patents[47] - Research and development expenses for 2016 were CNY 14,461,028.04, representing 4.69% of operating revenue, an increase from 3.65% in 2015[62] - The company has developed a range of LNG process technologies and equipment, with processing capacities from 20,000 to 1,200,000 cubic meters per day, making it one of the few domestic companies with projects exceeding 1,000,000 cubic meters per day[36] - The company aims to enhance its R&D capabilities and innovation to support its transformation and upgrade, addressing the need for complete solutions beyond just technology and equipment[85] - New product development includes optimizing large-scale deep cold liquefaction technology with a processing capacity of over 3 million cubic meters of natural gas per day, and developing intelligent small-scale liquefaction units for various gas sources[86] Market Position and Strategy - The company is positioned as a one-stop solution provider in the LNG industry, focusing on natural gas liquefaction and air separation technology[31] - The company aims to increase the proportion of natural gas in primary energy consumption from 5.9% in 2015 to an estimated 8.3% to 10% by 2020, as outlined in the national "13th Five-Year" plan[32] - The company has a projected annual growth rate of 8.9% for natural gas production, increasing from 1,350 billion cubic meters in 2015 to 2,070 billion cubic meters by 2020[33] - The company is actively involved in promoting the use of natural gas in various sectors, including power generation and transportation, as part of the national strategy to improve air quality[34] - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 10% within the next two years[106] Risks and Challenges - The company faces risks related to significant declines in operating performance due to various factors including macroeconomic conditions and market competition[6] - The company has a substantial accounts receivable balance, which may impact asset quality and financial status if not collected timely[9] - The company faces risks including potential declines in operating performance due to macroeconomic conditions, low oil prices, and increased market competition[91] Corporate Governance and Compliance - The company has established a strong governance structure with independent directors overseeing key decisions and ensuring compliance with regulatory standards[178][179] - The company has maintained compliance with all commitments without any violations during the reporting period[102] - The company has confirmed that all commitments made by the board and senior management were fulfilled on time[121] - The audit committee conducted regular reviews of internal controls and related party transactions, ensuring compliance and transparency in financial reporting[198] Shareholder Information - The total number of shareholders reached 16,313 by the end of the reporting period[162] - The company has 20 million unrestricted shares, accounting for 25% of total shares post-IPO[155] - The controlling shareholder, Xie Lemin, is a natural person and serves as the chairman and general manager of the company[164] - The actual controller, Xie Lemin, has not changed during the reporting period[165] - The total number of shares held by the chairman, Xie Lemin, is 10,714,200 shares, with no changes during the reporting period[170] Employee and Management Structure - The total number of employees in the company is 260, with 87 in production, 62 in sales, 73 in technical roles, 8 in finance, and 30 in administration[183] - The company has a 100% labor contract signing rate, ensuring compliance with labor laws and regulations[184] - The company has established a comprehensive training system, including new employee orientation, general skills training, management skills training, and professional skills training[185] - The educational background of employees includes 6 with master's degrees or higher, 166 with university degrees, 33 with high school diplomas, and 55 below high school[183]

Financial Performance - Total operating revenue for the reporting period was CNY 93,289,949.25, an increase of 84.38% year-on-year[8]. - Net profit attributable to shareholders was CNY 6,970,242.79, a significant increase of 995.89% year-on-year[8]. - Basic earnings per share rose to CNY 0.11, reflecting a 1,000.00% increase compared to the same period last year[8]. - The weighted average return on equity was 1.63%, a rise of 579.17% year-on-year[8]. - The company achieved operating revenue of RMB 259.74 million in the first three quarters of 2016, an increase of 2.11% compared to the same period last year[26]. - The net profit attributable to shareholders was RMB 35.41 million, a decrease of 1.30% year-on-year[26]. - Total operating revenue for Q3 2016 was CNY 93,289,949.25, an increase of 84.3% compared to CNY 50,596,692.14 in the same period last year[65]. - Net profit for Q3 2016 reached CNY 7,845,707.43, compared to CNY 1,054,769.58 in Q3 2015, representing a significant increase of 644.5%[66]. - The company's total comprehensive income for the year-to-date period was ¥38,350,907.41, compared to ¥36,821,832.75 in the previous year, indicating a growth of approximately 4.1%[78]. Assets and Liabilities - Total assets increased by 27.41% to CNY 933,630,337.92 compared to the end of the previous year[8]. - Net assets attributable to shareholders increased by 113.04% to CNY 629,189,750.43 compared to the end of the previous year[8]. - Current assets increased to CNY 877,068,054.22 from CNY 677,267,935.19, reflecting a growth of approximately 29.5%[55]. - The total liabilities decreased to CNY 281,089,238.39 from CNY 397,114,192.04, a reduction of 29.3%[63]. - The total assets at the end of the third quarter were RMB 933.63 million, with net assets of RMB 629.19 million[26]. - The total liabilities include short-term borrowings of CNY 60,000,000.00, which were not present in the previous period[57]. Cash Flow - The company reported a net cash flow from operating activities of CNY -26,477,615.69, a decrease of 31.16% year-on-year[8]. - Cash and cash equivalents increased by RMB 222.68 million, a significant increase of 891.17%, mainly due to funds raised from the initial public offering[24]. - The cash flow from financing activities increased by RMB 201.65 million, an increase of 860.39%, attributed to the IPO proceeds[25]. - The cash flow from operating activities showed a net outflow of CNY 26,477,615.69, an improvement from a net outflow of CNY 38,462,588.14 in the same quarter last year[85]. - The total cash inflow from financing activities amounted to 375,400,000.00 CNY, compared to 60,000,000.00 CNY in the prior period, showing significant growth in financing[91]. Investments and R&D - Chengdu Deep Cold is investing 50 million yuan in R&D for new technologies aimed at improving product efficiency and reducing costs[42]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[42]. - The company raised a total of RMB 297.30 million from the IPO after deducting issuance costs[27]. Risks and Challenges - The company faces risks related to significant fluctuations in operating performance due to macroeconomic conditions and market competition[10]. - The company has a 10% stake in Changtian Natural Gas, which poses potential risks due to uncertainties in project financing and execution[12]. - Important risk factors and major difficulties affecting future operations are outlined in the risk warning section[34]. Market and Customer Insights - The top five customers generated sales of 81.65 million yuan, constituting 87.52% of total sales, with an increase in revenue compared to the same period last year[31]. - User data indicated that the number of active users for the company's products grew by 20% in Q3 2016, reaching a total of 10,000 users[43]. - The company plans to expand its market presence by entering two new provinces in 2017, aiming for a 30% increase in market share[41].