证券代码：300732 证券简称：设研院 公告编号：2021-050 河南省交通规划设计研究院股份有限公司 关于参加河南辖区上市公司 2021 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，河南省交通规划设计研究院股份有限公 司定于 2021 年 6 月 8 日（周二）16:00-17:20 参加在全景网举办的"真诚沟通 传 递价值"河南辖区上市公司 2021 年投资者网上集体接待日活动，本次活动将采 用网络远程的方式举行，投资者可登录"全景•路演天下"（ http://rs.p5w.net） 参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司总经理汤意、董事会秘书王国 锋、财务总监林明（如有特殊情况，参会人员将可能进行调整），欢迎广大投资 者积极参与。 特此公告 河南省交通规划设计研究院股份有限公司董事会 2021 年 6 月 3 日 ...

Financial Performance - The company's operating revenue for Q1 2021 was CNY 301,980,496.99, representing a 27.08% increase compared to CNY 237,631,252.23 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was CNY 43,417,441.41, up 19.66% from CNY 36,285,474.47 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40,068,112.90, reflecting a 27.44% increase from CNY 31,439,988.23 year-on-year[7]. - The company reported a total equity of CNY 2,533,573,565.73 as of March 31, 2021, up from CNY 2,490,123,684.22, reflecting an increase of about 1.75%[43]. - The company's total equity increased to CNY 2,318,498,039.90, up from CNY 2,283,205,098.96, reflecting a growth of 1.5%[49]. - The total comprehensive income for the quarter was CNY 35,292,940.94, compared to CNY 31,768,418.63 in the previous year, reflecting a growth of 11.8%[61]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 154,834,326.62, a decline of 25.05% compared to negative CNY 123,817,489.82 in the same period last year[7]. - As of March 31, 2021, total current assets decreased to CNY 3,821,110,451.87 from CNY 4,003,729,961.49 as of December 31, 2020, representing a decline of approximately 4.55%[37]. - Cash and cash equivalents decreased to CNY 802,149,580.89 from CNY 1,093,179,268.67, a decrease of about 26.59%[36]. - The total cash outflow from operating activities was CNY 643,129,234.11, compared to CNY 387,134,471.98 in the previous year, indicating a rise of 66.0%[65]. - The cash and cash equivalents at the end of the period amounted to 490,551,070.62 CNY, down from 756,028,176.65 CNY at the beginning of the period[72]. Investments and Projects - The total amount of raised funds is CNY 68,871.99 million, with CNY 1,552.47 million invested in the current quarter[25]. - Cumulative investment in raised funds reached CNY 12,877.51 million, representing 18.70% of the total raised funds[26]. - The project to enhance production capacity has achieved a completion rate of 94.90%, with CNY 15,907.61 million invested[26]. - The project to enhance management capabilities has a completion rate of 62.18%, with CNY 3,047.73 million invested[26]. - The project to enhance R&D capabilities has been fully completed with 100% investment realization, totaling CNY 3,621.82 million[26]. - The repayment of bank loans has also been fully realized, totaling CNY 6,894.97 million[26]. - The company has invested 82.32 million in advance for fundraising projects, with plans to replace this with raised funds[29]. - The "Production Capacity Enhancement Project" has been completed, resulting in a surplus of 11.76 million in raised funds[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,097[12]. - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.77% of the shares, amounting to 75,233,470 shares[12]. Liabilities and Equity - Total liabilities decreased to CNY 2,428,582,435.82 from CNY 2,613,501,462.02, a reduction of about 7.06%[41]. - The company's long-term borrowings decreased to CNY 312,340,000.00 from CNY 376,430,000.00, a decline of 17.0%[48]. - The company's accounts payable decreased to CNY 719,796,393.62 from CNY 778,447,136.24, a decrease of approximately 7.53%[39]. Research and Development - Research and development expenses for Q1 2021 were CNY 21,819,008.59, a significant increase of 52.7% compared to CNY 14,289,524.87 in Q1 2020[52]. Miscellaneous - The company did not undergo an audit for the first quarter report[74]. - The company has not reported any violations regarding external guarantees during the reporting period[31]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32]. - The company did not engage in any research, communication, or interview activities during the reporting period[33].

Financial Performance - The company's operating revenue for Q1 2021 was ¥301,980,496.99, representing a 27.08% increase compared to ¥237,631,252.23 in the same period last year[7]. - The net profit attributable to shareholders was ¥43,417,441.41, up 19.66% from ¥36,285,474.47 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥40,068,112.90, reflecting a 27.44% increase from ¥31,439,988.23 in the previous year[7]. - The company's revenue increased by 27.08% year-on-year during the reporting period, driven by improved order acquisition capabilities and increased production capacity[21]. - Total operating revenue for Q1 2021 was CNY 301,980,496.99, an increase of 27.0% compared to CNY 237,631,252.23 in the same period last year[51]. - Net profit for Q1 2021 reached CNY 43,449,881.51, representing a 17.8% increase from CNY 36,818,402.45 in Q1 2020[54]. - The total comprehensive income for the period was CNY 35,292,940.94, reflecting a year-over-year increase of 10.5%[61]. - The company incurred income tax expenses of CNY 8,543,007.35, which is an increase from CNY 5,600,123.46 in the previous year[59]. Cash Flow and Investments - The net cash flow from operating activities was -¥154,834,326.62, a decrease of 25.05% compared to -¥123,817,489.82 in the same period last year[7]. - The cash flow from operating activities showed a net outflow of CNY -154,834,326.62, worsening from CNY -123,817,489.82 in the prior year[65]. - The company reported a total cash inflow from operating activities of CNY 488,294,907.49, compared to CNY 263,316,982.16 in the same period last year, marking a growth of 85.5%[64]. - Investment activities resulted in a net cash outflow of CNY -71,094,776.12, contrasting with a net inflow of CNY 30,838,576.57 in the previous year[66]. - The company reported a significant increase in investment payments, totaling 374,285,000.00 CNY compared to 218,322,495.14 CNY in the previous year[71]. - The cash inflow from investment activities was 327,256,228.07 CNY, an increase from 265,830,206.77 CNY in the previous year[71]. - The cash outflow for financing activities was CNY 69,486,825.25, compared to CNY 176,402,746.27 in the same period last year, indicating a reduction in outflows[67]. - The total cash inflow from financing activities was 150,012,000.00 CNY, while the total cash outflow was 69,034,425.24 CNY, resulting in a net cash flow of -69,034,425.24 CNY[72]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,016,298,143.17, down 1.71% from ¥5,103,625,146.24 at the end of the previous year[7]. - Total liabilities decreased to ¥2,482,724,577.44 from ¥2,613,501,462.02, a reduction of 5%[41]. - The company's total equity increased to CNY 2,318,498,039.90, up from CNY 2,283,205,098.96, reflecting a growth of 1.5%[49]. - The total amount of accounts payable decreased to CNY 401,332,017.47 from CNY 491,710,595.51, a decline of 18.4% year-over-year[48]. - Long-term borrowings decreased to ¥312,340,000.00 from ¥376,430,000.00, a reduction of 16.9%[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,097[12]. - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.77% of the shares, totaling 75,233,470 shares[12]. - The net assets attributable to shareholders increased by 1.80% to ¥2,450,115,591.50 from ¥2,406,698,150.09 at the end of the previous year[8]. Projects and Development - The project to enhance production capacity has achieved a completion rate of 94.90%, with CNY 15,907.61 million invested[26]. - The project to enhance management capabilities has a completion rate of 62.18%, with CNY 3,047.73 million invested[26]. - The project to enhance research and development capabilities has been fully completed with 100% of the CNY 3,621.82 million invested[26]. - The repayment of bank loans has also been fully completed with 100% of the CNY 6,894.97 million invested[26]. - The project to enhance research and development capabilities has been delayed due to government pollution control measures and the impact of the COVID-19 pandemic, affecting the progress of the technology research building construction[28]. - The company plans to adjust the implementation schedule of the management capability enhancement project and the research and development capability enhancement project, postponing them to December 31, 2021[28]. Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[31]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32]. - The company has not engaged in any research, communication, or interview activities during the reporting period[33]. - The company did not undergo an audit for the first quarter report[74]. - The company did not apply the new leasing standards for the current financial year[73].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 301,980,496.99, representing a 27.08% increase compared to CNY 237,631,252.23 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was CNY 43,417,441.41, up 19.66% from CNY 36,285,474.47 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40,068,112.90, reflecting a 27.44% increase from CNY 31,439,988.23 year-on-year[7]. - The company reported a significant increase in other receivables, rising to CNY 211,855,059.72 from CNY 169,928,649.82, an increase of 24.7%[37]. - The company's total equity increased to CNY 2,318,498,039.90, up from CNY 2,283,205,098.96, reflecting a growth of 1.5%[49]. - The total comprehensive income for the period was CNY 35,292,940.94, which is an increase from CNY 31,768,418.63 in the previous year, showing a growth of 11.8%[61]. Cash Flow - The net cash flow from operating activities was negative at CNY -154,834,326.62, a decline of 25.05% compared to CNY -123,817,489.82 in the same period last year[7]. - Cash and cash equivalents decreased to CNY 802,149,580.89 from CNY 1,093,179,268.67, representing a decline of 26.6%[36]. - The company reported a total cash inflow from investment activities of CNY 368,411,330.17, compared to CNY 265,833,023.77 in the previous year, representing an increase of 38.6%[66]. - The cash outflow from investment activities was CNY 439,506,106.29, up from CNY 234,994,447.20 in Q1 2020, reflecting a rise of 87.0%[66]. - The company's cash flow from financing activities was negative at CNY -69,486,825.25, compared to CNY -25,600,746.27 in Q1 2020, indicating a decline in financing[67]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,016,298,143.17, a decrease of 1.71% from CNY 5,103,625,146.24 at the end of the previous year[7]. - Total liabilities decreased to CNY 1,742,863,023.91 from CNY 1,972,565,756.47 year-over-year, a reduction of approximately 11.6%[48]. - Total non-current assets increased to CNY 1,141,045,549.68 from CNY 1,099,895,184.75, reflecting a growth of 3.7%[38]. - The total amount of accounts payable decreased to CNY 401,332,017.47 from CNY 491,710,595.51, a decline of 18.4%[48]. - The company's total assets decreased to CNY 5,016,298,143.17 from CNY 5,103,625,146.24, a decline of 1.7%[43]. Shareholder Information - The company had a total of 17,097 common shareholders at the end of the reporting period[12]. - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.77% of the shares, amounting to 75,233,470 shares[12]. - The weighted average return on net assets was 1.79%, up from 1.65% in the previous year[7]. Investment Projects - The total amount of raised funds is CNY 68,871.99 million, with CNY 1,552.47 million invested in the current quarter[25]. - The project to enhance production capacity has achieved a completion rate of 94.90%, with CNY 15,907.61 million invested[26]. - The project to enhance management capabilities has a completion rate of 62.18%, with CNY 3,047.73 million invested[26]. - The project to enhance R&D capabilities has been fully completed with a 100% completion rate, having invested CNY 3,621.82 million[26]. - The repayment of bank loans has also been fully completed with a 100% completion rate, having invested CNY 6,894.97 million[26]. Research and Development - Research and development expenses for Q1 2021 were CNY 21,819,008.59, an increase of 52.7% compared to CNY 14,289,524.87 in Q1 2020[52]. - Due to government pollution control measures and the impact of COVID-19, the progress of the R&D capability enhancement project has been significantly delayed, with an expected completion date now set for December 31, 2021[28]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[32]. - The company has not engaged in any research, communication, or interview activities during the reporting period[33]. - The company has not reported any violations regarding external guarantees during the reporting period[31]. - The company did not undergo an audit for the Q1 2021 report[74]. - The company did not apply the new leasing standards for the financial statements starting in 2021[73].

Financial Performance - The company's operating revenue for 2020 was ¥1,885,853,029.36, representing a 19.45% increase compared to ¥1,578,822,829.92 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥306,406,877.34, which is a 13.45% increase from ¥270,071,976.73 in 2019[22]. - The basic earnings per share for 2020 was ¥1.35, up 14.41% from ¥1.18 in 2019[23]. - The total assets at the end of 2020 were ¥5,103,625,146.24, a 23.44% increase from ¥4,134,516,829.70 at the end of 2019[23]. - The net cash flow from operating activities for 2020 was ¥273,392,170.66, a decrease of 6.43% compared to ¥292,167,104.22 in 2019[23]. - The company's weighted average return on equity for 2020 was 13.34%, an increase from 12.28% in 2019[23]. - The company reported a net profit excluding non-recurring gains and losses of ¥296,446,069.54 for 2020, which is a 17.95% increase from ¥251,339,791.78 in 2019[23]. - The total equity attributable to shareholders at the end of 2020 was ¥2,406,698,150.09, a 9.81% increase from ¥2,191,621,458.45 at the end of 2019[23]. - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[149]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[149]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, based on a total of 228,406,114 shares[8]. - The company distributed a cash dividend of 57,101,528.50 CNY, with a total cash dividend including other methods amounting to 90,341,663.97 CNY, representing 100% of the distributable profit[139]. - The cash dividend payout ratio for 2020 is 29.48% of the net profit attributable to ordinary shareholders[145]. - The proposed profit distribution plan for 2020 is subject to approval at the upcoming annual general meeting[143]. - The cash dividend for 2018 was RMB 3.00 per 10 shares, totaling RMB 41,116,251.90 (including tax), with a payout ratio of 13.63%[146]. - The company’s cash dividend for 2019 represented 20.96% of the net profit attributable to ordinary shareholders[146]. - The total number of shares for the 2020 dividend distribution is based on 228,406,114 shares after excluding 1,209,066 shares held in the repurchase account[143]. Market Expansion and Strategy - The company is focusing on expanding its market presence outside of Henan province and internationally, despite facing regional protectionism and legal challenges[8]. - The company aims to expand its market presence beyond Henan province, with a focus on both domestic and international markets, enhancing its regional operational centers[37][44]. - The company plans to expand its market presence by entering three new provinces in 2021, aiming for a 20% increase in market share[149]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[150]. - The company is focusing on digital transformation and intelligent upgrades in transportation infrastructure as part of the national strategy for high-quality development[123]. - The company plans to integrate market resources and improve regional layout, focusing on the construction of regional headquarters for localized services and expanding into the African market for stable international business growth[125]. Research and Development - The company has a strong focus on research and development of new technologies and products to enhance its service offerings[8]. - Investment in new technology development increased by 30%, totaling 100 million RMB, focusing on smart transportation solutions[149]. - The company is investing 200 million CNY in R&D for new technologies aimed at improving service delivery and customer satisfaction[150]. - Research and development expenses reached ¥100,816,040.33, accounting for 5.35% of total revenue, with a 5.81% increase from the previous year[81]. - The company has established a five-year development plan (2019-2023) focusing on five major business sectors and two main development lines, emphasizing design consulting and technology research[37][43]. Financial Management and Fundraising - The company has a solid financial foundation, with a commitment to transparency and accuracy in its financial reporting[4]. - The company successfully issued ¥300 million in medium-term notes in 2020, marking its first financing in the interbank bond market[61]. - The company reported a total fundraising amount of 1,114,012,000 CNY, with a cumulative usage of 1,264,010,000 CNY[102]. - The total amount of self-raised funds used was 170,974,000 CNY, while the total amount of raised funds used was 307,676,000 CNY[102]. - The company has a remaining unused fundraising amount of 12,877,000 CNY, which accounts for 18.70% of the total raised funds[104]. - The company has committed to strengthening the management of raised funds to ensure their reasonable and standardized use[169]. Competition and Market Position - The company is facing intense competition in the engineering consulting industry from large state-owned enterprises and multinational companies[6]. - The company successfully won 12 projects in the largest centralized bidding in its history, consolidating its leading position in the provincial transportation market[53]. - The company has established a comprehensive service capability across multiple fields, enhancing its competitive advantage in the design industry[122]. - The company is positioned to benefit from the rapid changes in regional market conditions, particularly in Henan Province, which is investing heavily in transportation infrastructure[122]. Compliance and Governance - The company has committed to maintaining transparency and fairness in any related transactions, ensuring they are conducted at market-recognized reasonable prices[152]. - The company has established a commitment to adhere to the regulations regarding related transactions as outlined in its articles of association[152]. - The company has pledged to fulfill its commitments to ensure that the compensation measures are effectively implemented[153]. - The company has made a commitment to not transfer or delegate management of its shares for a period of thirty-six months following the public offering[153]. - The company will comply with relevant laws and regulations regarding shareholding lock-up periods and will disclose any related commitments[153]. Operational Efficiency and Cost Management - The company is committed to reducing operational costs by 10% through process optimization and technology integration[149]. - The company aims to enhance employee satisfaction by improving income levels and establishing a talent development plan to support career growth[133]. - The company will implement cost control measures and strengthen internal control management to effectively manage operational risks[169]. - The company has committed to actively promote the construction of fundraising investment projects to enhance operational efficiency and profitability[169]. Future Outlook - Future outlook remains positive, with anticipated revenue growth driven by both existing and new product lines[151]. - The company has outlined a performance guidance for 2021, projecting a revenue growth of 12% to 1.34 billion RMB[149]. - The management emphasized a focus on sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[151].

Financial Performance - Operating revenue for the period reached CNY 474,838,399.94, representing a year-on-year growth of 58.85%[7] - Net profit attributable to shareholders was CNY 77,936,062.94, up 23.40% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 77,003,936.43, an increase of 24.56% year-on-year[7] - The basic earnings per share for the period was CNY 0.340, reflecting a 3.03% increase[7] - The weighted average return on equity was 3.45%, a decrease of 0.06% compared to the previous year[7] - The net cash flow from operating activities was negative at CNY -46,620,364.29, a decline of 156.90%[7] - Total operating revenue for the third quarter reached CNY 474,838,399.94, compared to CNY 298,927,057.03 in the same period last year, indicating a significant increase[39] - The net profit for the third quarter reached CNY 78,516,860.30, up from CNY 63,114,162.99 in the same period last year, reflecting a growth of approximately 24.4%[41] - The total comprehensive income for the quarter was CNY 78,516,860.30, compared to CNY 63,114,162.99 in the previous year, indicating a growth of 24.4%[42] Assets and Liabilities - Total assets increased by 15.85% to CNY 4,789,864,560.79 compared to the end of the previous year[7] - Current liabilities totaled CNY 1,674,102,600.35, compared to CNY 1,358,736,604.71, representing an increase of approximately 23.2%[33] - The company's total liabilities reached CNY 2,449,270,444.84, up from CNY 1,866,215,423.39, which is an increase of around 31%[33] - The equity attributable to shareholders increased to CNY 2,258,694,948.11 from CNY 2,191,621,458.45, showing a growth of about 3.1%[34] - The total non-current assets amounted to CNY 1,073,282,710.09, up from CNY 984,613,457.23, indicating a growth of about 9%[32] - The company reported a significant increase in accounts payable, which rose to CNY 746,903,778.92 from CNY 578,755,080.40, an increase of approximately 29%[32] Cash Flow - The net cash flow from operating activities decreased by 156.90% due to increased cash outflows[19] - The total amount paid for share repurchases reached RMB 61,915,420.48, acquiring 3,869,066 shares at an average price of RMB 18.41 per share[21] - The company issued medium-term notes, resulting in a 437.15% increase in cash flow from financing activities[19] - The cash flow from investment activities increased by 94.84% due to the redemption of financial products[19] - The company reported a total cash and cash equivalents balance of 598,760,305.23 CNY at the end of the period, an increase from 365,209,601.18 CNY in the previous period[57] Expenses - Sales expenses increased by 36.58% as the company intensified its business development efforts[19] - Research and development expenses amounted to CNY 23,439,136.29, which is an increase of 61.1% compared to CNY 14,540,931.57 in the previous year[40] - The total operating costs for the quarter were CNY 354,844,477.05, compared to CNY 221,967,389.32 in the previous year, representing an increase of 59.7%[40] - The tax expenses for the quarter were CNY 14,595,925.22, compared to CNY 11,896,576.54 in the previous year, reflecting an increase of 22.6%[41] - The company experienced a credit impairment loss of CNY 28,519,527.10 during the quarter, which was a significant factor affecting profitability[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,181[11] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.77% of the shares[11] Future Outlook - The company plans to continue focusing on market expansion and product development to sustain growth in the upcoming quarters[51]

Business Strategy and Development - The company plans to strengthen its research on policies and markets to mitigate risks associated with national infrastructure investment, which is crucial for its business development [4]. - The company aims to enhance service quality and efficiency, invest in technological innovation, and improve its qualifications to maintain a competitive edge in the engineering consulting industry [5]. - The company is focusing on expanding its market presence both domestically and internationally, with a dedicated team for provincial and overseas market development [8]. - The company aims to expand its market presence both domestically and internationally, with significant achievements in provincial and overseas operations [34]. - The company is positioned as a leading enterprise in the engineering consulting industry, benefiting from government policies that stimulate infrastructure investment [35]. - The company’s mission is to create value through service, with a vision to become a leading comprehensive engineering technology service provider in China [39]. - The company plans to actively participate in various engineering projects, leveraging the increased investment in transportation infrastructure in Henan Province, which aims to complete over 10,000 kilometers of expressways by 2025 [62]. - The "New Infrastructure" investment strategy presents new growth opportunities for the company, particularly in smart transportation and ecological projects [58]. - The company plans to continue expanding its international business and enhancing employee safety in overseas markets [129]. Financial Performance - The company's operating revenue for the first half of 2020 was ¥557,394,985.14, representing a 1.18% increase compared to ¥550,885,270.76 in the same period last year [24]. - The net profit attributable to shareholders decreased by 11.75% to ¥78,942,919.06 from ¥89,456,812.08 year-on-year [24]. - The net profit after deducting non-recurring gains and losses was ¥67,673,438.67, down 15.35% from ¥79,945,117.86 in the previous year [24]. - Basic earnings per share decreased by 27.66% to ¥0.340 from ¥0.470 year-on-year [24]. - The total assets at the end of the reporting period were ¥4,123,709,783.73, a slight decrease of 0.26% from ¥4,134,516,829.70 at the end of the previous year [24]. - The net assets attributable to shareholders were ¥2,190,602,668.73, down 0.05% from ¥2,191,621,458.45 at the end of the previous year [24]. - The net cash flow from operating activities was negative at -¥90,621,774.22, a decline of 376.24% compared to ¥32,805,936.47 in the same period last year [24]. - The company reported a total revenue of 68,871 million RMB for the first half of 2020 [81]. - The company reported a significant decrease in employee compensation payable, dropping to CNY 84,272,087.78 from CNY 158,616,033.86, a decline of approximately 46.8% [168]. - The total comprehensive income for the first half of 2020 was CNY 65,528,654.25, compared to CNY 69,748,649.73 in the same period of 2019, reflecting a decrease of approximately 3.2% [183]. Risk Management - The company has established a comprehensive quality control system and is continuously improving it to mitigate risks related to construction quality [6]. - The company has mechanisms in place to track customer financial conditions to minimize the risk of bad debts from accounts receivable [7]. - The company faces significant policy risks due to its reliance on national infrastructure investment, particularly in transportation and urban construction sectors [90]. - The ongoing COVID-19 pandemic continues to pose risks, particularly for international operations, although domestic impacts have been effectively managed [95]. - The competitive landscape in the engineering consulting industry is intense, with major competitors including large state-owned enterprises and multinational companies [91]. Innovation and Technology - The company emphasizes technology research and development as a key driver for future growth, aiming to create new profit growth points [36]. - The company has established an innovation committee to promote ongoing business, technology, and model innovations, aiming to enhance service offerings [56]. - The company has invested 1,049.2 million yuan from the raised funds during the reporting period [79]. Quality Control and Client Satisfaction - The company has implemented a comprehensive quality control system to mitigate quality responsibility risks, emphasizing continuous improvement and employee training [92]. - The company received 7 written commendations from clients for its service on 16 major ongoing projects, reflecting strong client satisfaction [52]. Shareholder and Capital Management - The company will not distribute cash dividends, issue bonus shares, or increase capital through reserves for the current period [10]. - The company’s major shareholder holds 32.77% of the total shares, ensuring stable control and a favorable operating environment [38]. - The company has repurchased a total of 3,179,150 shares as of June 30, 2020, accounting for 1.38% of the total share capital, with a total expenditure of approximately RMB 52.07 million [141]. - The company plans to use its own funds to repurchase shares for future employee stock ownership plans, with a total repurchase budget not exceeding RMB 100 million [140]. Operational Expansion - The company has established 18 operational regions outside its home province, with a notable increase in revenue contribution from these areas [41]. - The company has expanded its operational network by establishing regional business centers, with 6 in the province and 18 outside, enhancing its market reach [51]. - The company established new subsidiaries, including Henan Zhongding Smart Construction Technology Co., Ltd. and Zhongyuan International Co., Ltd., with no immediate impact on overall operations and performance [89].

Financial Performance - Total operating revenue for Q1 2020 was ¥237,631,252.23, a decrease of 7.28% compared to ¥256,300,759.72 in the same period last year[6] - Net profit attributable to shareholders was ¥36,285,474.47, down 22.15% from ¥46,612,210.58 year-on-year[6] - Basic and diluted earnings per share were both ¥0.190, representing a decrease of 44.12% from ¥0.340 in the same period last year[6] - Total operating costs for Q1 2020 were CNY 189,057,833.41, down 5.1% from CNY 199,174,007.65 in the same period last year[38] - The total profit for Q1 2020 was CNY 43,645,717.07, down 22.6% from CNY 56,378,333.68 in Q1 2019[40] - The company's operating profit for Q1 2020 was CNY 43,454,500.10, a decrease of 22.7% from CNY 56,295,331.59 in the previous year[40] - The net profit for Q1 2020 was CNY 36,818,402.45, down 21.2% from CNY 46,637,140.62 in the same period last year[40] - The total comprehensive income for Q1 2020 was CNY 36,818,402.45, down 21.2% from CNY 46,637,140.62 in the previous year[40] Cash Flow and Liquidity - Net cash flow from operating activities was -¥123,817,489.82, a decline of 210.24% compared to -¥39,910,570.39 in the previous year[6] - The cash flow from operating activities for Q1 2020 was negative CNY 123,817,489.82, compared to negative CNY 39,910,570.39 in the same period last year[48] - The ending balance of cash and cash equivalents was 268,684,648.48 yuan, down from 284,519,361.05 yuan in the previous period, reflecting liquidity pressure[53] - The company's cash and cash equivalents were CNY 444,917,305.33, down from CNY 543,495,613.37 at the end of 2019, representing a decrease of about 18.2%[29] - Cash inflow from investment activities totaled 265,830,206.77 yuan, significantly higher than 127,738,487.29 yuan in the previous period, reflecting increased investment recovery[51] - The net cash flow from investment activities was 29,892,062.98 yuan, a recovery from -256,524,000.01 yuan in the previous period, showing improved investment management[53] - The company is facing challenges in operational cash flow, with total cash outflows from operating activities reaching 235,380,298.91 yuan, up from 180,935,112.56 yuan in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,027,017,411.54, down 2.60% from ¥4,134,516,829.70 at the end of the previous year[6] - The company's total assets as of March 31, 2020, amounted to CNY 3,287,439,985.22, a decline from CNY 3,417,463,008.09 at the end of 2019[34] - Total liabilities decreased to CNY 1,147,499,333.88 in Q1 2020 from CNY 1,285,938,074.19 in Q4 2019, indicating a reduction of 10.7%[35] - The total liabilities were 1,358,736,604.71 yuan, maintaining a manageable level relative to total assets[56] - Total current assets amounted to 3,149,903,372.47 yuan, indicating a stable asset base despite cash flow challenges[56] - The company's total non-current assets were CNY 981,915,481.73, slightly down from CNY 984,613,457.23, indicating a decrease of approximately 0.3%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,734[10] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.67% of the shares, totaling 62,694,558 shares[10] - The total amount of repurchased shares reached 3,179,150, accounting for 1.66% of the total share capital, with a total expenditure of approximately RMB 52.07 million as of March 31, 2020[16] - The company plans to repurchase shares with a total fund not exceeding RMB 100 million, estimating to buy around 4.55 million shares, which is about 2.37% of the total issued shares[16] Investment and Projects - The cumulative amount of raised funds is RMB 688.72 million, with RMB 5.44 million invested in the current quarter[19] - The total amount of raised funds that has been utilized is RMB 514.22 million, representing 74.6% of the total raised funds[19] - The project to enhance production capacity has seen an investment of RMB 16.76 million, achieving 88.88% of the planned investment[20] - The project to enhance management capability has received RMB 4.90 million, reaching 34.87% of the planned investment[20] - The project to enhance research and development capability has only achieved 19.06% of the planned investment, with RMB 2.92 million utilized[20] - The company has adjusted the implementation schedule for the enhancement of management and research capabilities projects to December 31, 2021, due to delays caused by government regulations and the COVID-19 pandemic[20] Research and Development - The company is focusing on research and development, with R&D expenses amounting to CNY 14,289,524.87, down from CNY 16,726,209.49 in the previous year, indicating a potential shift in investment strategy[38] - Research and development expenses for Q1 2020 were CNY 8,609,518.00, down 16.0% from CNY 10,257,571.73 in the previous year[43] Regulatory and Compliance - The company will implement the new revenue recognition standards starting January 1, 2020, affecting the cumulative impact on retained earnings[58] - The first quarter report was not audited, indicating that the figures may be subject to change[64]

Financial Performance - The company's operating revenue for 2019 was ¥1,578,822,829.92, representing a 38.70% increase compared to ¥1,138,274,390.90 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥270,071,976.73, a decrease of 10.46% from ¥301,630,736.88 in 2018[18]. - The net cash flow from operating activities improved significantly to ¥292,167,104.22, compared to a negative cash flow of ¥41,438,979.82 in 2018, marking an increase of 805.05%[18]. - The total assets at the end of 2019 were ¥4,134,516,829.70, a 1.84% increase from ¥4,059,727,842.98 at the end of 2018[19]. - The net assets attributable to shareholders increased by 4.96% to ¥2,191,621,458.45 at the end of 2019, up from ¥2,088,042,221.83 in 2018[19]. - The basic earnings per share for 2019 was ¥1.41, down 14.55% from ¥1.65 in 2018[19]. - The weighted average return on equity for 2019 was 12.28%, a decrease of 5.57% from 17.85% in 2018[19]. - The company reported a net profit of ¥117,457,219.28 in Q4 2019, which was the highest quarterly profit for the year[21]. - The company received government subsidies amounting to ¥5,841,500.00 in 2019, compared to ¥2,151,000.00 in 2018[24]. - The total non-recurring gains and losses for 2019 amounted to ¥18,732,184.95, significantly lower than ¥50,497,492.19 in 2018[24]. Market Position and Strategy - The company emphasizes the importance of national infrastructure investment for its business growth, particularly in transportation and urban construction sectors[3]. - The company is focusing on consolidating its market position in Henan Province while expanding into provincial and overseas markets[5]. - The company aims to leverage its long-term technical advantages in highway expansion, major bridge design, and geotechnical engineering to strengthen its market position[36]. - The company is actively pursuing new technologies and methodologies, such as Building Information Modeling (BIM), to improve project outcomes[10]. - The company is committed to continuous improvement in its project management capabilities to enhance its competitiveness in overseas markets[5]. - The company has established a comprehensive quality control system to mitigate risks related to construction quality and has purchased relevant insurance[4]. - The company has mechanisms in place to monitor the financial status of its clients to minimize the risk of bad debts[5]. - The company acknowledges potential risks associated with policy changes that could affect infrastructure investment levels[3]. - The company is entering a new phase of development, focusing on expanding its operational network and accelerating technological innovation[90]. Research and Development - The company reported a significant increase in research and development expenses, totaling ¥95,278,194.47, which is 6.03% of the total revenue, up from 5.27% in 2018[61]. - The total number of R&D personnel increased to 284, representing 13.59% of the workforce[61]. - The company has received numerous patents and software copyrights, reflecting its strong technological capabilities[164]. - The company established a technical committee to enhance its research and development capabilities in the transportation sector[162]. - The company is investing in R&D for new technologies, with an allocation of $10 million for the upcoming year[116]. - The company committed to increasing its R&D budget by 20% in 2020 to support innovation and competitiveness[111]. Investment and Capital Management - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) and to increase capital by 2 shares for every 10 shares held[5]. - The cash dividend payout ratio for the year is 100% of the distributable profit of RMB 708,709,359.94[101]. - The total cash dividend amount, including share repurchase, is RMB 85,284,292.61, which represents 31.58% of the net profit attributable to shareholders[104]. - The company has a commitment to maintain a minimum cash dividend payout ratio of 20% during its growth phase[102]. - The company has committed to specific projects for the raised funds, with a total of 68,871.99 million CNY raised through public offerings in 2017[80]. - The company has utilized 50,983.1 million CNY of the raised funds[80]. - The company has a total of 120,000 million CNY in funds allocated for various projects, with 352,339.10 million CNY reported in total[79]. - The company has committed to repurchase all newly issued shares if any false statements or omissions are identified in the prospectus that materially affect the issuance conditions[125]. - The company will implement measures to control costs and expenses effectively, strengthening internal control management to mitigate operational risks[124]. Operational Efficiency - The company has established a dynamic supervision mechanism for contract collections, leading to a notable improvement in cash flow from operations[48]. - The company launched the "Set Research Cloud" mobile office system, enhancing digital services and management efficiency[48]. - The company will enhance production management efficiency by coordinating the management of 16 projects covering 814 kilometers, ensuring effective project execution[94]. - The company will focus on improving employee satisfaction by increasing salaries, implementing stock buyback programs, and enhancing workplace facilities[98]. - The company has implemented strict environmental protection measures and complies with ISO9001 quality management standards[167]. Corporate Governance and Compliance - The company will ensure that any unavoidable related transactions are conducted on an equal and voluntary basis, adhering to fair and reasonable pricing principles[113]. - The company will strictly adhere to the decision-making procedures for related transactions as outlined in its articles of association[113]. - The company has committed to maintaining transparency and accuracy in its financial disclosures to the China Securities Regulatory Commission[125]. - The company will not engage in any actions that could lead to the malicious occupation of funds or assets of its subsidiaries[126]. - The company will comply with the regulations set by the China Securities Regulatory Commission regarding share reduction and management[114]. Social Responsibility - The company provided 15 air conditioning units to a primary school in a poverty-stricken area as part of its social responsibility efforts[159]. - The company has committed to improving rural housing safety and quality through technical assistance initiatives[160]. - The company is actively involved in promoting social responsibility through various initiatives, although specific details on poverty alleviation efforts were not provided[167]. Future Outlook - The company has outlined a future outlook with a revenue target of 1.5 billion RMB for 2020, reflecting a growth rate of 25%[111]. - The company plans to expand its market presence by entering three new provinces in 2020, aiming for a 20% increase in market share[111]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of $50 million allocated for potential mergers[116]. - The company aims for an 8% growth target in fixed asset investment for 2020, emphasizing major infrastructure construction[90].

Financial Performance - Operating income increased by 33.68% to CNY 849,812,327.79 year-to-date[6] - Net profit attributable to shareholders decreased by 12.89% to CNY 152,614,757.45 year-to-date[6] - Basic earnings per share decreased by 38.89% to CNY 0.330[6] - Total operating revenue for Q3 2019 was CNY 298,927,057.03, an increase of 27.9% compared to CNY 234,003,934.58 in Q3 2018[32] - Net profit for Q3 2019 was CNY 63,114,162.99, a decrease of 9.7% from CNY 69,925,718.24 in Q3 2018[33] - The company's operating revenue for the current period is CNY 183,950,729.63, a decrease of 3.0% compared to CNY 190,526,344.79 in the previous period[35] - The net profit for the current period is CNY 52,631,871.67, down 18.1% from CNY 64,266,076.77 in the previous period[37] - The total comprehensive income for the current period is CNY 63,157,945.37, while the previous period was CNY 69,925,718.24, reflecting a decrease of 9.4%[34] Assets and Liabilities - Total assets decreased by 5.97% to CNY 3,817,304,704.03 compared to the end of the previous year[6] - The company's total assets amounted to CNY 3,817,304,704.03, a decrease from CNY 4,059,727,842.98 at the end of 2018[21] - The company's total liabilities decreased to CNY 1,527,742,407.86 from CNY 1,882,707,775.04, reflecting a reduction of approximately 19.0%[24] - Total liabilities decreased to CNY 1,029,927,355.60 in Q3 2019 from CNY 1,307,773,035.85 in Q3 2018[29] - The company's cash and cash equivalents decreased to CNY 548,737,628.76 from CNY 745,956,546.53, representing a decline of approximately 26.4%[22] - Accounts receivable stood at CNY 1,549,808,087.89, slightly down from CNY 1,598,464,226.24, indicating a decrease of about 3.0%[22] - The company reported a decrease in inventory to CNY 475,974,596.89 from CNY 544,791,948.35, a decline of approximately 12.6%[22] - The company's equity attributable to shareholders increased to CNY 2,205,020,669.86 from CNY 2,088,042,221.83, marking an increase of about 5.6%[25] Cash Flow - Cash flow from operating activities increased by 183.66% to CNY 81,940,839.09 year-to-date[14] - The total cash inflow from operating activities was ¥582,359,324.12, compared to ¥411,445,132.48 in the previous period[53] - The net cash flow from operating activities for the period was ¥102,391,834.17, a significant improvement compared to a net outflow of ¥134,560,763.53 in the previous period[53] - The total cash inflow from investment activities is approximately ¥857.13 million, compared to ¥847.66 million in the previous period[49] - The total cash outflow from investment activities is approximately ¥1.28 billion, an increase from ¥1.19 billion in the previous period[49] Research and Development - Research and development expenses increased by 67.30% due to enhanced R&D capabilities and increased investment[14] - The company reported R&D expenses of CNY 14,540,931.57 for Q3 2019, an increase from CNY 12,088,581.54 in Q3 2018[32] - Research and development expenses for the current period amount to CNY 7,228,212.20, down 34.1% from CNY 11,062,471.93 in the previous period[35] - Research and development expenses for the current period are approximately ¥30.49 million, an increase of 6.6% from ¥28.59 million in the previous period[44] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,724[10] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., holds 32.67% of shares[10] - The company has initiated a share repurchase plan, which was approved by the board and shareholders, although no shares have been bought back yet[16] Financial Expenses - The company's financial expenses increased by 1364.34% primarily due to increased interest expenses[14] - The company's financial expenses increased significantly to CNY 3,576,259.64 from a negative CNY 588,977.47 in the previous period, primarily due to increased interest expenses[35] Compliance and Governance - The company has not reported any non-compliance issues regarding external guarantees during the reporting period[18] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[64]