Financial Performance - The company's operating revenue for the first half of 2022 was ¥268,279,182.19, a decrease of 6.24% compared to ¥286,138,928.09 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥10,667,931.99, down 60.11% from ¥26,745,088.27 in the previous year[20]. - The net cash flow from operating activities was -¥16,614,222.47, representing a decline of 205.63% compared to -¥5,436,096.84 in the same period last year[20]. - Basic earnings per share decreased to ¥0.0783, down 60.11% from ¥0.1963 in the previous year[20]. - Total assets at the end of the reporting period were ¥1,164,436,486.17, a decrease of 1.73% from ¥1,184,991,946.99 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased to ¥673,012,948.73, up 1.09% from ¥665,753,066.74 at the end of the previous year[20]. - The weighted average return on net assets was 1.59%, down 2.54% from 4.13% in the previous year[20]. - The company reported a significant reduction in income tax expenses, down 74.88% to ¥1,069,992.10, due to lower operating income and total profit[48]. - The total comprehensive income for the first half of 2022 was CNY 8,118,829.94, down from CNY 16,651,128.48 in the same period of 2021[167]. Revenue and Growth - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-over-year growth of 25%[98]. - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% to 30% based on current market trends[99]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2022, focusing on innovative technology solutions[98]. - The overall revenue growth for the current period is projected to be around 15%, driven by increased demand in key markets[179]. Market Position and Strategy - The company has maintained its leading position in the engineering supervision industry, consistently ranking among the top 100 enterprises in terms of revenue for several years[28]. - The company plans to expand its professional qualifications by acquiring additional engineering supervision qualifications in power, water conservancy, and transportation sectors, aiming for comprehensive qualifications from relevant authorities[31]. - The company has established a wide business and marketing network covering all provinces and municipalities in mainland China, with plans to further expand its market share[32]. - The company is actively seeking opportunities for industry mergers and acquisitions to support its strategic goals, while acknowledging the inherent risks involved[79]. - The company plans to deepen its market presence across all provinces and municipalities in China, leveraging its qualifications and technical management experience[44]. Research and Development - Research and development investment rose by 2.07% to ¥21,873,532.54, indicating a continued focus on innovation[48]. - The company is actively engaged in research and development of new technologies, with a focus on enhancing communication services[130]. - The company has committed to allocating 20,000,000 for research and development of new technologies, emphasizing its commitment to innovation[179]. Risks and Challenges - The company faces risks from industry fluctuations, particularly in telecommunications, electricity, real estate, and water conservancy sectors, which may impact its business volume[69][70]. - The competitive landscape is intensifying, with large state-owned enterprises and multinational companies posing significant challenges to the company's market position[74]. - The company is at risk of talent loss and rising human resource costs, which could negatively affect its operating performance if not managed effectively[73]. Governance and Compliance - The company has established a comprehensive governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[90]. - The company has committed to not holding any equity or interests in other enterprises that compete with its business, ensuring no conflicts of interest[109]. - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[190]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position and operating results[192]. Shareholder Information - The actual controller and shareholders have made commitments regarding share transfer restrictions, ensuring stability in shareholding for 36 months post-IPO[95]. - Shareholders and management personnel are restricted from transferring more than 25% of their shares during their tenure[96]. - The largest shareholder, Wu Junye, holds 10.72% of the shares, totaling 14,619,525 shares, with a pledge of 1,840,661 shares[140]. - The company has a diverse shareholder base, with significant participation from private equity funds and institutional investors[141]. Financial Management - The company plans to strengthen the management of raised funds to ensure proper usage and mitigate risks associated with fund utilization[104]. - The company has committed to implementing an active profit distribution policy to ensure reasonable returns for investors[105]. - The company aims to enhance its core competitiveness by investing in business network upgrades, information technology projects, and replenishing working capital[104].

Financial Performance - The company's operating revenue for Q1 2022 was ¥141,750,855.96, representing a 9.49% increase compared to ¥129,461,886.06 in the same period last year[3] - The net profit attributable to shareholders decreased by 8.28% to ¥7,486,391.53 from ¥8,162,292.43 year-on-year[3] - The total operating revenue for Q1 2022 was RMB 141,750,855.96, an increase of 9.93% compared to RMB 129,461,886.06 in the same period last year[19] - The net profit attributable to the parent company for Q1 2022 was RMB 7,091,469.73, compared to RMB 5,078,758.90 in Q1 2021, representing a growth of 39.6%[19] - The net profit for Q1 2022 was CNY 8,744,203.06, a decrease of 10.9% compared to CNY 9,814,553.61 in Q1 2021[21] - The total profit for Q1 2022 was CNY 9,541,706.04, down from CNY 10,595,472.98 in the same period last year, reflecting a decline of 9.9%[21] - The operating profit for Q1 2022 was CNY 9,577,185.91, compared to CNY 10,597,001.86 in Q1 2021, indicating a decrease of 9.6%[21] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥4,094,599.22, a 76.45% reduction from the previous year's outflow of ¥17,389,669.49[3] - The cash flow from operating activities for Q1 2022 was a net outflow of CNY 4,094,599.22, an improvement from a net outflow of CNY 17,389,669.49 in Q1 2021[25] - The company's cash and cash equivalents at the end of Q1 2022 were RMB 124,339,625.58, down from RMB 146,070,885.50 at the beginning of the year[15] - The cash inflow from financing activities in Q1 2022 was CNY 36,974,783.41, compared to CNY 15,178,528.49 in Q1 2021, showing an increase of 143.5%[25] - The cash outflow from financing activities for Q1 2022 was CNY 56,146,020.00, slightly up from CNY 53,545,261.73 in Q1 2021[25] - The company reported a decrease in cash flow from investing activities, with a net outflow of CNY 3,179,623.54 in Q1 2022 compared to CNY 1,043,466.36 in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,165,535,518.73, down 1.64% from ¥1,184,991,946.99 at the end of the previous year[3] - The total assets as of March 31, 2022, were RMB 1,165,535,518.73, a decrease from RMB 1,184,991,946.99 at the beginning of the year[18] - The total liabilities decreased to RMB 464,160,280.78 from RMB 492,360,912.10, showing a reduction of 5.73%[17] - The company's equity attributable to shareholders increased to RMB 673,239,458.27 from RMB 665,753,066.74, reflecting a growth of 1.09%[18] Expenses - Sales expenses surged by 146.73% to ¥2,309,021.66, primarily due to increased market development costs compared to the same period last year[8] - The total operating costs for Q1 2022 amounted to RMB 140,657,386.23, up from RMB 133,383,127.16, reflecting a year-over-year increase of 5.67%[19] - Research and development expenses for Q1 2022 were RMB 11,036,019.54, compared to RMB 10,134,335.71 in the previous year, marking an increase of 8.91%[19] Investment and Shareholder Information - Investment income rose significantly by 112.54% to ¥47,000.63, attributed to increased investment returns from joint ventures[8] - The company reported an investment income of RMB 47,000.63, a significant recovery from a loss of RMB 374,918.65 in the same period last year[19] - The total number of ordinary shareholders at the end of the reporting period was 8,493[11] - The top shareholder, Wu Junye, holds 10.72% of the shares, with a total of 14,619,525 shares, of which 12,778,864 are pledged[12] Credit and Impairment - The company reported a 506.11% increase in credit impairment losses, amounting to ¥922,321.17, due to a decrease in expected credit losses from receivables[8] - Accounts receivable increased slightly to RMB 122,960,778.92 from RMB 122,155,567.66, indicating a growth of 0.66%[16] Earnings Per Share - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0549, down from CNY 0.0599 in Q1 2021[22] - The total comprehensive income for Q1 2022 was CNY 8,744,203.06, compared to CNY 9,814,553.61 in Q1 2021, reflecting a decrease of 10.9%[22]

Financial Performance - The company's operating revenue for 2021 was ¥604,783,074.59, representing a 10.60% increase compared to ¥546,841,685.86 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥33,420,009.81, an increase of 11.98% from ¥29,845,079.67 in 2020[18]. - The net cash flow from operating activities surged by 361.08% to ¥81,635,787.10, compared to ¥17,705,222.16 in the previous year[18]. - The basic earnings per share for 2021 was ¥0.2452, up 11.71% from ¥0.2195 in 2020[18]. - The total assets at the end of 2021 were ¥1,184,991,946.99, a decrease of 2.00% from ¥1,209,172,036.02 at the end of 2020[18]. - The net assets attributable to shareholders increased by 5.22% to ¥665,753,066.74 at the end of 2021, compared to ¥632,710,052.43 at the end of 2020[18]. - The company reported a weighted average return on equity of 5.14% for 2021, an increase from 4.51% in 2020[18]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥32,412,119.83, reflecting a 17.82% increase from ¥27,508,984.98 in 2020[18]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately 129.46 million, 156.68 million, 153.66 million, and 164.98 million respectively, showing a steady increase in revenue throughout the year[20]. - The main source of revenue was engineering supervision, with civil engineering supervision accounting for 30.65% of total revenue, followed by communication supervision at 22.94% and electric power supervision at 18.49%[57]. - Revenue distribution by region shows that South China accounted for 45.89%, followed by East China at 25.48%[51]. Operational Efficiency - The company has established a comprehensive project management system certified by multiple standards, enhancing its operational efficiency and service quality[39]. - The company has developed a cloud-based CRM module to optimize its production management system, enhancing data management and operational efficiency[54]. - The company reported a net cash flow from operating activities of CNY 81,635,787.10, a significant increase of 361.08% from CNY 17,705,222.16 in the previous year[58]. - The gross profit margin for the service industry was 30.91%, a decrease of 0.97% from the previous year[63]. Market Position and Strategy - The company maintains a leading position in the engineering supervision industry, consistently ranking among the top 100 enterprises in terms of revenue[31]. - The company plans to expand its market presence by leveraging its extensive business and marketing network, covering all provinces and municipalities in China[36]. - The company is actively pursuing mergers and acquisitions in the fields of power, water conservancy, and civil engineering to strengthen its main business[36]. - The company is focused on brand marketing and market expansion, establishing a nationwide service network while also planning to enter overseas markets[119]. Digital Transformation and Innovation - The company is committed to a digital transformation strategy, having established IT research and development teams to support its operational needs[43]. - The company is focused on digital transformation and innovation in the engineering supervision sector, aligning with national policies aimed at upgrading the industry[29]. - The company has developed several smart engineering platforms, including isDC, isPM, isBM, and isGM, integrating advanced technologies like IoT, AI, and big data[127]. - The company is developing smart engineering management platforms to improve client satisfaction and operational efficiency[116]. Talent Management and Development - The company aims to enhance its core competitiveness by attracting and retaining high-quality talent through various incentive mechanisms[37]. - The company has a talent pool of 1,802 professionals, enhancing its capability to compete in the engineering consulting market[43]. - The company emphasizes talent acquisition and structural optimization to build a strong management team, particularly in engineering supervision roles[120]. - The company has established an online learning platform to enhance employee skills and improve overall efficiency[171]. Risk Management - The company anticipates facing potential risks in future operations, as outlined in the management discussion section of the report[4]. - The company recognizes industry risks related to fluctuations in investment growth in telecommunications, electricity, real estate, and water conservancy sectors, which could impact its business volume[123]. - The company faces management risks due to rapid regional expansion, which may lead to challenges in human resource management and project supervision quality[124]. Corporate Governance - The company has established a stable governance structure, ensuring timely and accurate information disclosure to protect shareholder and creditor rights[190]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[136]. - The company has implemented measures to improve the collection of accounts receivable by setting clear targets and responsibilities for each management level[130]. - The company emphasizes information disclosure, ensuring that all investors can access accurate and timely information through designated media[137]. Social Responsibility and Environmental Commitment - The company actively participates in social responsibility initiatives, including donations totaling CNY 65,000 to support rural revitalization efforts[193]. - The company strictly adheres to environmental protection laws and regulations, promoting green and paperless office practices[189]. - The company emphasizes energy conservation and environmental protection in its operations, promoting a low-carbon and green office environment[192].

Financial Performance - The company's revenue for Q3 2021 was ¥153,662,939.96, a decrease of 7.01% compared to the same period last year[3] - Net profit attributable to shareholders was ¥4,525,420.58, down 86.58% year-on-year[3] - The basic earnings per share for the period was ¥0.0332, reflecting an 86.58% decline compared to the previous year[3] - Total operating revenue for the current period reached ¥439.80 million, a 23.6% increase from ¥355.65 million in the previous period[22] - Total operating costs amounted to ¥398.22 million, up 17.3% from ¥339.40 million in the prior period[22] - Operating profit for the current period was ¥38.18 million, slightly down by 2.2% from ¥39.04 million in the previous period[23] - Net profit for the current period was ¥34.98 million, a decrease of 3.3% compared to ¥36.17 million in the same period last year[23] - Basic and diluted earnings per share were both ¥0.2294, compared to ¥0.2223 in the previous period, reflecting a 3.2% increase[24] - Total comprehensive income for the current period was ¥34.98 million, compared to ¥36.17 million in the previous period, reflecting a decrease of 3.3%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,174,289,891.66, a decrease of 2.88% from the end of the previous year[3] - As of September 30, 2021, the total assets of the company amounted to CNY 1,174,289,891.66, a decrease from CNY 1,209,172,036.02 at the end of 2020[19] - The company's current assets totaled CNY 824,196,925.62, down from CNY 877,697,394.94 at the end of 2020, indicating a decline of approximately 6.05%[18] - The company's cash and cash equivalents decreased to CNY 90,628,211.52 from CNY 168,353,460.94, representing a decline of about 46.3%[18] - The total liabilities of the company were CNY 484,564,526.52, down from CNY 554,045,313.30, showing a decrease of about 12.5%[20] - The total current liabilities were CNY 467,773,458.02, reflecting an increase of CNY 3,007,470.48[32] - The total non-current liabilities increased to CNY 95,683,590.61, with an adjustment of CNY 6,404,264.85 due to lease liabilities[32] Cash Flow - Cash flow from operating activities for the year-to-date was ¥6,926,185.56, an increase of 111.98% compared to the same period last year[3] - Cash flow from operating activities generated a net amount of ¥6.93 million, a significant recovery from a net outflow of ¥57.83 million in the previous period[27] - Cash and cash equivalents at the end of the period totaled ¥84.54 million, down from ¥97.86 million at the end of the previous period[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,193[14] - The company's equity attributable to shareholders rose to CNY 663,603,565.78 from CNY 632,710,052.43, an increase of approximately 4.4%[20] - The company’s total equity increased to CNY 689,725,365.14 from CNY 655,126,722.72, representing an increase of approximately 5.3%[20] Investment and Expenses - Investment income for the period was ¥1,460,775.02, a 158.38% increase compared to the previous year, attributed to recovery in business activities[11] - The company reported an investment income of ¥1.46 million, a turnaround from a loss of ¥2.50 million in the previous period, showcasing improved performance in this area[23] - Research and development expenses increased to ¥33.40 million, up 6.5% from ¥31.35 million in the prior period, indicating continued investment in innovation[23] Credit and Impairment - The company experienced a 126.48% decrease in credit impairment losses, amounting to -¥6,272,891.51, due to changes in expected credit loss calculations[11] Government Support - The company received government subsidies totaling ¥438,793.49, primarily related to tax refunds and other operational support[6] Adjustments and Standards - The report for the third quarter of 2021 was not audited, indicating a lack of external verification for the financial data presented[34] - The company did not adjust comparative information for prior periods when implementing the new leasing standard[33] - The company adopted a weighted average incremental borrowing rate of 5.58% for measuring lease liabilities under the new leasing standard[33]

Financial Performance - The company's operating revenue for the current reporting period is ¥286,138,928.09, representing a 50.29% increase compared to ¥190,394,027.92 in the same period last year[29]. - The net profit attributable to shareholders for the current period is ¥26,745,088.27, a significant increase of 883.45% from a loss of ¥3,413,745.61 in the previous year[29]. - The net profit after deducting non-recurring gains and losses is ¥25,829,127.12, up 807.50% from a loss of ¥3,650,769.49 in the same period last year[29]. - The basic earnings per share for the current period is ¥0.1963, compared to a loss of ¥0.0251 in the previous year, marking an increase of 882.07%[29]. - The total assets at the end of the current reporting period amount to ¥1,232,698,979.46, reflecting a 1.95% increase from ¥1,209,172,036.02 at the end of the previous year[29]. - The net assets attributable to shareholders at the end of the current period are ¥659,078,145.20, which is a 4.17% increase from ¥632,710,052.43 at the end of the previous year[29]. - The net cash flow from operating activities for the current period is -¥5,436,096.84, showing a 92.97% improvement from -¥77,277,087.94 in the previous year[29]. - The weighted average return on equity for the current period is 4.13%, compared to -0.53% in the same period last year, indicating a positive shift of 4.66%[29]. Accounts Receivable and Financial Risks - The company's accounts receivable and contract assets amounted to RMB 711.39 million as of June 30, 2021, representing 80.41% of current assets[11]. - The company reported a significant increase in accounts receivable from RMB 674.31 million at the end of 2019 to RMB 711.39 million by mid-2021[11]. - The company has adopted a robust bad debt provision policy for accounts receivable, but macroeconomic changes could significantly impact revenue and cash flow if major clients face financial difficulties[88]. - The company faces risks related to market competition, with major competitors including large state-owned enterprises and multinational companies[8]. - The company faces risks from industry fluctuations, particularly in telecommunications, electricity, real estate, and water conservancy sectors[82]. - Financial risks are highlighted by accounts receivable and contract assets totaling approximately 674.31 million yuan as of June 30, 2021[87]. Strategic Goals and Business Development - The company is actively seeking opportunities for industry mergers and acquisitions to support its strategic goals[12]. - The company acknowledges potential declines in investment growth in the telecommunications, electricity, real estate, and water conservancy sectors, which could impact its business performance[7]. - The company recognizes the uncertainty in achieving synergies from acquisitions due to market changes and industry developments[12]. - The company plans to expand its engineering supervision and consulting business through horizontal and vertical integration in the electric power and water conservancy sectors, aiming for high-quality development and potential acquisitions in various construction fields[40]. - The promotion of integrated engineering consulting services is expected to break down market barriers and provide significant growth opportunities for the company[42]. Operational Efficiency and Cost Control - The company emphasizes the importance of maintaining cost control in a competitive environment to protect profitability[9]. - The company is focused on enhancing its operational efficiency and financial stability amid potential tax and investment risks[90]. - The company has a strong technical foundation and standardized management system, which enhances project management efficiency and customer satisfaction[44]. - The company has established a comprehensive business and marketing network covering all provinces and municipalities in China, facilitating local business development and increasing market share[40]. Employee Incentives and Talent Development - The company plans to grant 688,000 restricted stocks to 66 incentive targets as part of its employee incentive plan[99]. - The company emphasizes talent development through targeted training programs and has implemented a stock incentive plan to align employee interests with long-term company goals[45]. - The company aims to enhance its core competitiveness by attracting industry talent and leveraging capital market resources, including stock incentives to retain and motivate skilled personnel[41]. Cash Flow and Investment Activities - The cash flow from operating activities improved by 92.97%, with a net cash outflow of ¥5,436,096.84, compared to a much larger outflow of ¥77,277,087.94 in the previous year[50]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[74][75]. - The company has a restricted cash balance of RMB 9.22 million due to guarantee deposits[58]. - The company has completed the business network upgrade and expansion project, with a funding progress of 100.27%[72]. Shareholder Information and Equity - The total number of ordinary shareholders at the end of the reporting period was 6,163[143]. - The largest shareholder, Wu Junye, held 14.66% of the shares, totaling 19,991,580 shares, with a decrease of 2,726,400 shares during the reporting period[143]. - The total number of shares held by the top ten shareholders accounted for a significant portion of the company's equity, with the largest three shareholders holding a combined total of 45.56%[143]. - The total number of restricted shares held by executives and other shareholders was 50,615,790 shares, with 10,219,059 shares under lock-up[140]. Compliance and Legal Matters - The company has not faced any administrative penalties related to environmental issues during the reporting period, as it does not fall under the category of key pollutant discharge units[106]. - The company has not experienced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[117]. - The company has not engaged in any major related party transactions during the reporting period, ensuring operational independence[119]. Research and Development - The company plans to increase R&D investment to enhance its capabilities and mitigate the impact of tax policy changes on future performance[90]. - Research and development expenses for the first half of 2021 were ¥21,430,857.53, slightly up from ¥20,171,435.88 in the previous year[165].

Financial Performance - The company's operating revenue for 2020 was ¥546,841,685.86, a decrease of 3.11% compared to ¥564,376,526.06 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥29,845,079.67, down 51.19% from ¥61,145,465.97 in 2019[23]. - The net cash flow from operating activities decreased by 79.14% to ¥17,705,222.16 in 2020 from ¥84,885,961.81 in 2019[23]. - Basic earnings per share for 2020 were ¥0.2195, a decline of 51.28% compared to ¥0.4505 in 2019[23]. - Total assets at the end of 2020 were ¥1,209,172,036.02, a decrease of 3.09% from ¥1,247,784,511.78 at the end of 2019[23]. - The company's net assets attributable to shareholders decreased by 2.54% to ¥632,710,052.43 at the end of 2020 from ¥649,227,266.44 at the end of 2019[23]. - The company's total operating costs for 2020 were CNY 372.5 million, with the construction supervision segment contributing 28.72% of the total[72]. - The gross profit margin for the service sector was 31.88%, which is a decrease of 6.31% compared to the previous year[60]. Revenue Sources - The main revenue sources included civil engineering supervision at 26.01% (¥142.23 million), communication supervision at 25.63% (¥140.13 million), and electric power supervision at 19.99% (¥109.33 million)[58]. - The revenue from the construction supervision segment was approximately ¥142.23 million, down 9.01% year-over-year, with a gross profit margin of 24.78%[60]. - The revenue from the telecommunications supervision segment was approximately ¥140.13 million, down 12.21% year-over-year, with a gross profit margin of 28.73%[60]. - The revenue from the power supervision segment was approximately ¥109.33 million, down 3.30% year-over-year, with a gross profit margin of 40.71%[60]. - The revenue from the water conservancy supervision segment was approximately ¥71.50 million, up 8.60% year-over-year, with a gross profit margin of 39.37%[60]. Market and Industry Outlook - The company’s financial performance may be affected by potential declines in investment growth in key industries due to macroeconomic policies[8]. - The engineering supervision industry is experiencing a transformation towards comprehensive consulting services, which may present new opportunities for the company[33]. - The company recognizes the potential decline in investment growth in the telecommunications, electricity, real estate, and water conservancy sectors, which could affect its business volume[119]. - The "Belt and Road" initiative is expected to drive overseas infrastructure investment to CNY 30 trillion over the next five years, presenting substantial business opportunities for engineering supervision firms[108]. - The company expects a revenue and net profit increase of over 10% in 2021 compared to 2020[118]. Strategic Initiatives - The company is actively seeking opportunities for mergers and acquisitions to support its strategic goals, although market uncertainties pose risks to successful integration[13]. - The company plans to deepen its national market presence, leveraging its qualifications and technical management experience to expand its business scale and market share[36]. - The company aims to attract and retain talent through equity incentives and other methods, enhancing its core competitiveness in the industry[37]. - The company is focusing on transforming its business model towards integrated engineering consulting services, aiming to enhance project management capabilities and overall service quality[112]. - The company plans to enhance its human resources by expanding mid-to-senior level positions in R&D and management to strengthen its technical and management capabilities[117]. Challenges and Risks - The company faces intense competition from large state-owned enterprises, private companies, and multinational corporations in the engineering supervision sector[9]. - The company is navigating challenges in regional market expansion due to local government support for local enterprises and increased operational costs[10]. - The company has adopted a conservative bad debt provision policy, but economic changes affecting major clients could impact cash flow and revenue[12]. - The company faces risks from market competition, particularly from large state-owned enterprises and multinational companies[123]. - The company is committed to adapting to market changes and strengthening customer relationships to mitigate industry risks[120]. Corporate Governance and Compliance - The company held seven shareholder meetings, thirteen board meetings, and nine supervisory meetings during the reporting period to enhance corporate governance[51]. - The company appointed Huaxing Accounting Firm as its auditor for the 2020 fiscal year, with an audit fee of 1.3 million yuan[175]. - The company’s financial report did not include any non-standard audit reports for the reporting period[169]. - The company has not reported any significant changes or adjustments to its business, products, or services during the reporting period[74]. - The company has not made any significant changes to the feasibility of its projects during the reporting period[102]. Investment and Funding - The company has committed to implementing an active profit distribution policy, emphasizing reasonable returns for investors and maintaining continuity and stability in dividends[158]. - The company plans to strengthen the management of raised funds to ensure compliance and proper usage, mitigating risks associated with fund utilization[157]. - The company has conducted thorough feasibility studies for its fundraising investment projects to enhance shareholder returns[158]. - The company has committed to fully compensate for any liabilities arising from labor dispatch practices, ensuring no financial burden on the company itself[161]. - The company has made a long-term commitment to avoid and reduce related party transactions, ensuring fair market practices[163].

Financial Performance - The company's revenue for Q1 2021 was ¥129,461,886.06, representing a 69.12% increase compared to ¥76,549,226.48 in the same period last year[8] - Net profit attributable to shareholders was ¥8,162,292.43, a significant turnaround from a loss of ¥16,301,149.67 in the previous year, marking a 150.07% increase[8] - The net profit after deducting non-recurring gains and losses was ¥7,907,429.12, compared to a loss of ¥16,407,798.97 last year, reflecting a 148.19% improvement[8] - The basic earnings per share increased to ¥0.0599 from a loss of ¥0.1196, representing a 150.08% increase[8] - The weighted average return on equity improved to 1.28%, up from -2.54% in the previous year, an increase of 3.82 percentage points[8] - The company achieved operating revenue of CNY 129.46 million, an increase of 69.12% compared to the same period last year[22] - The net profit attributable to shareholders was CNY 8.16 million, up 150.07% year-on-year[22] - The company's operating profit for Q1 2021 was 10,597,001.86 CNY, compared to a loss of 18,617,157.41 CNY in the previous period[44] - Net profit for Q1 2021 reached 9,814,553.61 CNY, a significant improvement from a net loss of 16,680,760.60 CNY in the same period last year[44] - The total comprehensive income for the period was 9,814,553.61 CNY, compared to a loss of 16,680,760.60 CNY in the previous year[45] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥17,389,669.49, a 76.73% reduction in losses compared to -¥74,737,700.83 last year[8] - Cash and cash equivalents decreased by 32.97% to CNY 112.85 million, primarily due to the repayment of loans and return of bid deposits[20] - Operating cash flow improved by 76.73%, with a net cash outflow of CNY 17.39 million, reflecting increased cash receipts from sales[21] - The company reported a cash inflow from operating activities of 166,052,711.51 CNY, up from 118,361,843.26 CNY in the previous year[50] - The total cash outflow from financing activities was 53,545,261.73 CNY, compared to 45,690,703.47 CNY in the previous period[53] - The cash flow from sales of goods and services was 92,578,088.09 CNY, compared to 62,713,494.18 CNY in the previous period[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,185,963,257.97, a decrease of 1.92% from ¥1,209,172,036.02 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.29% to ¥640,872,344.86 from ¥632,710,052.43 at the end of the previous year[8] - Cash and cash equivalents decreased from CNY 168,353,460.94 to CNY 112,851,657.16, a decline of approximately 32.97%[34] - Total liabilities decreased to CNY 521,021,981.64 from CNY 554,045,313.30, showing a reduction of 6.0%[37] - Current liabilities totaled CNY 440,625,200.54, down from CNY 464,765,987.54, a decline of 5.2%[36] - Non-current liabilities decreased to CNY 80,396,781.10 from CNY 89,279,325.76, a decrease of 10.5%[36] Investments and Expenditures - The company reported non-recurring gains of ¥254,863.31, primarily from government subsidies and other income[9] - Total amount of raised funds is CNY 20,246.88 million, with CNY 232.37 million invested in the current quarter[25] - Cumulative amount of raised funds invested is CNY 18,795.68 million, representing 92.84% of the total raised funds[25] - The project for upgrading and expanding the business network has been completed, while the information technology construction project is not yet completed[26] - Research and development expenses for Q1 2021 were CNY 10,134,335.71, compared to CNY 9,234,675.88 in the previous period, an increase of 9.7%[43] - Research and development expenses increased to 7,172,356.47 CNY from 4,841,607.28 CNY year-over-year, indicating a focus on innovation[47] Customer and Supplier Concentration - The top five suppliers accounted for 34.35% of total purchases, with a total procurement amount of CNY 11.95 million[22] - The top five customers contributed 18.05% of total sales, with sales amounting to CNY 23.37 million[22] Impairments and Losses - The company reported a significant reduction in credit impairment losses by 92.83%, amounting to CNY 152.17 thousand[20] - The company recorded an asset impairment loss of CNY 14.43 million due to the implementation of new revenue accounting standards[20] - The company reported a credit impairment loss of 1,346,779.17 CNY, down from 1,719,696.15 CNY in the previous year[48]

Financial Performance - Operating revenue for the reporting period was CNY 165,253,709.82, an increase of 20.34% year-on-year[8] - Net profit attributable to shareholders was CNY 33,712,964.72, a significant increase of 110.01% compared to the same period last year[8] - Basic earnings per share reached CNY 0.2473, reflecting a growth of 109.93% year-on-year[8] - Total operating revenue for Q3 2020 was CNY 165,253,709.82, an increase from CNY 137,325,890.87 in the previous period[39] - Net profit for Q3 2020 reached CNY 36,064,482.99, compared to CNY 17,919,921.23 in the same period last year, representing a growth of 101.2%[41] - Total profit for Q3 2020 was CNY 40,570,891.27, an increase from CNY 24,245,263.84 in the same period last year[41] - Net profit for the third quarter was CNY 36,165,641.33, down 23.5% from CNY 47,327,358.51 in the same period last year[48] Cash Flow - The net cash flow from operating activities was CNY 19,447,765.29, a decrease of 207.61% compared to the previous year[8] - Net cash flow from operating activities decreased by 826.09% to -¥57,829,322.65, mainly due to the payment of last year's performance bonuses[21] - Total cash inflow from operating activities amounted to 371,569,819.73, compared to 351,735,006.61 in the previous period, reflecting a growth of approximately 5.1%[55] - Cash outflow from operating activities increased to 429,399,142.38 from 357,979,477.93, representing a rise of about 19.9%[55] - The net cash flow from investment activities was -69,351,435.49, an improvement from -126,386,463.03 in the previous period, showing a reduced cash outflow[56] - The net cash flow from financing activities increased by 297.10% to ¥34,737,982.67, primarily due to increased borrowings[21] - The company’s cash flow from operating activities netted -15,506,534.00, an improvement from -56,626,843.74, indicating a positive trend in operational efficiency[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,201,879,221.33, a decrease of 3.68% compared to the end of the previous year[8] - The company's current assets totaled CNY 874,280,201.99, down from CNY 909,237,149.87, indicating a decrease of about 3.8%[31] - The total liabilities of the company decreased from CNY 565,699,928.85 to CNY 490,995,404.26, a reduction of about 13.2%[33] - The company's equity attributable to shareholders increased from CNY 649,227,266.44 to CNY 672,494,129.72, reflecting an increase of approximately 3.6%[34] - The company reported total liabilities of CNY 565,699,928.85, with current liabilities at CNY 501,163,034.47 and non-current liabilities at CNY 64,536,894.38[65] - The company’s total assets amounted to CNY 1,064,579,257.08, down from CNY 1,105,268,265.60 year-over-year[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,043[12] - The top shareholder, Wu Junye, holds 19.00% of the shares, with 19,423,560 shares pledged[12] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[13] Research and Development - Research and development expenses rose by 36.55% to ¥31,349,219.68, indicating increased investment in R&D[21] - Research and development expenses for Q3 2020 were CNY 11,177,783.80, up from CNY 9,009,166.33 year-over-year[40] Credit and Impairment - The company reported a significant increase in credit impairment losses by 326.57% to ¥23,689,378.28, reflecting higher provisions for bad debts[21] - The company reported a credit impairment loss of CNY 3,477,075.63, compared to a loss of CNY 4,189,179.82 in the previous year[40] Government Subsidies - The company received government subsidies amounting to CNY 1,608,431.80, primarily related to various tax rebates and support programs[9] Future Outlook - The company does not anticipate any significant changes in its operating performance for the upcoming reporting period[23] - Future outlook and strategic initiatives were not detailed in the provided content, suggesting a focus on operational performance and cost management in the upcoming quarters[46]

Financial Performance - The company's operating revenue for the reporting period was ¥190,394,027.92, a decrease of 18.14% compared to the same period last year, which was ¥232,574,046.50[26]. - The net profit attributable to shareholders was -¥3,413,745.61, representing a decline of 113.34% from ¥25,586,980.92 in the previous year[26]. - The net cash flow from operating activities was -¥77,277,087.94, a significant decrease of 753.35% compared to ¥11,827,859.23 in the same period last year[26]. - The total assets at the end of the reporting period were ¥1,156,250,832.07, down 7.34% from ¥1,247,784,511.78 at the end of the previous year[26]. - The net assets attributable to shareholders decreased by 0.92%, from ¥649,227,266.44 at the end of the previous year to ¥643,224,576.14[26]. - The company reported a basic and diluted earnings per share of -¥0.0251, a decline of 113.37% from ¥0.1877 in the previous year[26]. - The weighted average return on equity was -0.53%, down from 3.88% in the previous year, indicating a significant decline in profitability[26]. - The company's cash and cash equivalents decreased significantly to ¥92,984,799.22 from ¥200,861,559.01, representing a decline of about 53.7%[191]. - Total operating revenue for the first half of 2020 was CNY 190,394,027.92, a decrease of approximately 18.1% compared to CNY 232,574,046.50 in the first half of 2019[199]. Assets and Liabilities - The company's current assets totaled ¥825,036,644.94, down from ¥909,237,149.87 at the end of 2019, indicating a decline of approximately 9.25%[192]. - Total liabilities decreased to ¥476,654,035.49 from ¥565,699,928.85, reflecting a reduction of approximately 15.73%[194]. - The company's equity attributable to shareholders decreased to ¥643,224,576.14 from ¥649,227,266.44, a decline of about 0.46%[194]. - The company's total assets decreased to CNY 1,032,636,481.95 from CNY 1,105,268,265.60, a decline of about 6.6%[198]. - Current assets totaled CNY 633,053,156.20, down from CNY 716,394,191.20, representing a decrease of approximately 11.6%[197]. - The total liabilities decreased to CNY 369,849,203.41 from CNY 429,507,602.12, a reduction of about 13.9%[198]. - The company's cash and cash equivalents dropped to CNY 60,831,973.92 from CNY 150,007,014.67, a decline of approximately 59.4%[196]. Business Strategy and Market Position - The company is actively seeking opportunities for industry mergers and acquisitions to support its strategic goals, although there are risks associated with market changes and integration challenges[12]. - The company is focused on enhancing its market presence while navigating risks related to local government support for regional enterprises[9]. - The company plans to expand its business network nationwide and overseas, leveraging its resource allocation and management advantages[38]. - The company aims to enhance its design capabilities and market presence by focusing on a general contracting business model[38]. - The company plans to strengthen its market position by leveraging its established reputation and expanding its national business layout to meet higher client demands for project management services[93]. - The company has established nine subsidiaries through investment, holding, or equity participation, enhancing its industry integration and business expansion[53]. Operational Challenges - The company operates in a highly competitive environment, facing challenges from large state-owned enterprises and multinational companies[8]. - The company acknowledges the potential for a decline in investment growth rates in the telecommunications, electricity, real estate, and water conservancy sectors due to macroeconomic policies[7]. - The company has adopted a conservative bad debt provision policy, but economic changes affecting major clients could impact cash flow and revenue[11]. - The company is expanding its business coverage, which may lead to increased operational costs and competitive pressures in new regions[9]. - The company faces industry risks related to the construction project management services, particularly in telecommunications, electricity, real estate, and water conservancy sectors, which are subject to market demand fluctuations and macroeconomic policies[89]. Research and Development - Research and development expenses increased by 44.60% to ¥20,171,435.88, reflecting higher investment in R&D compared to the previous year[58]. - The company plans to continuously increase R&D investment to enhance its R&D capabilities, which will gradually reduce the impact of tax incentives on future operating performance as business scale and profitability grow[95]. Corporate Governance and Compliance - The company has implemented measures to strengthen corporate governance and internal controls, holding 2 shareholder meetings, 5 board meetings, and 3 supervisory meetings during the reporting period[54]. - The company has committed to not repurchase shares held by directors and senior management for 2 years after the lock-up period expires[109]. - The company has established a commitment to comply with legal regulations regarding shareholding and share changes[110]. - The company will take legal responsibility for any losses incurred by investors due to misleading information in the prospectus[115]. - The company has made commitments regarding labor dispatch and social insurance obligations[133]. Social Responsibility - The company is committed to social responsibility, participating in fundraising activities to combat the COVID-19 pandemic[55]. - The company participated in a poverty alleviation initiative, donating ¥100,000 to support social construction and public welfare[157].

Financial Performance - Total revenue for the first quarter was ¥76,549,226.48, a decrease of 18.04% compared to ¥93,394,086.80 in the same period last year[8] - Net profit attributable to shareholders was -¥16,301,149.67, representing a decline of 302.27% from ¥8,059,018.77 year-on-year[8] - Basic earnings per share were -¥0.1196, down 302.37% from ¥0.0591 in the same period last year[8] - The company reported a net loss of CNY 8,173,437.37 for the period, compared to a profit in the previous period[51] - The total comprehensive income for Q1 2020 was a loss of CNY 16,680,760.60, compared to a profit of CNY 9,980,160.78 in the previous year[53] - The operating profit for Q1 2020 was a loss of CNY 18,617,157.41, compared to a profit of CNY 12,238,947.46 in the previous period[52] Cash Flow - Net cash flow from operating activities was -¥74,737,700.83, an increase of 235.19% compared to -¥22,297,147.27 in the previous year[8] - The cash inflow from operating activities for Q1 2020 was CNY 118,361,843.26, compared to CNY 135,774,459.11 in the previous year[58] - The total cash outflow from operating activities was 193,099,544.09 yuan, compared to 158,071,606.38 yuan in the previous period, highlighting increased operational expenses[60] - The company reported a net cash outflow from investment activities of 3,096,362.72 yuan, contrasting with a net outflow of 61,665,524.55 yuan in the previous period, indicating improved investment cash flow management[60] - Total cash inflow from financing activities was 42,469,041.10 yuan, up from 24,776,328.45 yuan in the previous period, reflecting increased financing efforts[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,157,763,353.08, a decrease of 7.21% from ¥1,247,784,511.78 at the end of the previous year[8] - The total liabilities as of March 31, 2020, amount to CNY 1,157,763,353.08, down from CNY 1,247,784,511.78 as of December 31, 2019[43] - The company's total liabilities included short-term borrowings of CNY 111,628,008.94 and total current liabilities of CNY 365,630,743.67[70] - The total equity attributable to shareholders reached CNY 649,227,266.44, while total equity was CNY 682,084,582.93[67] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,858[12] - The largest shareholder, Wu Junye, holds 19.00% of the shares, amounting to 25,898,080 shares, which are pledged[12] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[13] Research and Development - Research and development expenses increased by 2.28 million yuan, or 32.79%, due to higher investment in R&D activities[20] - The company's research and development expenses for Q1 2020 were CNY 4,841,607.28, down from CNY 5,469,419.01 in the previous year[55] Risks and Challenges - The company faces industry risks due to potential declines in investment growth in the telecommunications, electricity, real estate, and water conservancy sectors, which could slow down business volume growth in related monitoring services[25] - Management risks arise from rapid business expansion across regions, potentially leading to challenges in human resource management and project quality control[26] - The company is exposed to market competition risks from large state-owned enterprises and multinational companies, which may intensify as the business expands[30] - Financial risks include high accounts receivable, primarily from three major telecommunications operators, which could impact cash flow if economic conditions worsen[31] Government Support - The company received government subsidies amounting to ¥356,392.12, primarily related to tax refunds and subsidies[9] Investment and Acquisitions - The company has identified risks associated with investments and acquisitions, including potential failure to achieve synergies, and is taking measures to mitigate these risks through careful project evaluation and team training[33] - The total amount of raised funds is CNY 20,246.88 million, with CNY 17,708.99 million already invested, representing an investment progress of 87.5%[36] Other Financial Metrics - Total operating costs increased to CNY 94,753,354.38 from CNY 90,015,601.19, with operating costs specifically rising from CNY 65,204,344.64 to CNY 69,626,544.61[51] - The company's financial expenses increased by 1.22 million yuan, or 96.58%, due to higher interest payments on loans[20] - The company reported a credit impairment loss of CNY 1,719,696.15 for Q1 2020[56]