Business Development and Strategy - The company emphasizes the importance of national infrastructure investment for its business development, which is closely tied to the macroeconomic conditions and government policies[4]. - The company is transitioning its regional marketing centers to comprehensive management centers to enhance service capabilities and support business expansion[8]. - The company is launching a new smart manufacturing business focused on steel structure bridges, facing challenges in market development and project management[9]. - The company aims to mitigate risks by enhancing policy and market research, expanding its business layout, and increasing efforts in provincial and international markets[99]. - The company is expanding into intelligent manufacturing with a new project focused on bridge safety and technology conversion, facing challenges in market development and project management[106]. Financial Performance - The company's operating revenue for the first half of 2022 was ¥956,639,908.16, representing a 22.56% increase compared to ¥780,535,067.13 in the same period last year[24]. - The net profit attributable to shareholders was ¥110,493,380.39, a slight increase of 1.27% from ¥109,111,749.14 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥105,390,798.98, which is a 5.52% increase from ¥99,875,956.16 in the previous year[24]. - The company's total assets at the end of the reporting period were ¥5,992,772,467.16, up 3.41% from ¥5,795,118,438.76 at the end of the previous year[24]. - The basic earnings per share decreased by 29.17% to ¥0.34 from ¥0.48 in the same period last year[24]. - The diluted earnings per share also fell by 31.25% to ¥0.33 from ¥0.48 year-on-year[24]. - The weighted average return on equity was 3.94%, down from 4.43% in the previous year[24]. - The net cash flow from operating activities was negative at -¥100,676,155.53, an improvement of 2.64% compared to -¥103,403,261.88 in the same period last year[24]. Quality Control and Risk Management - The company has established a comprehensive quality control system and has received an AAA certification for its quality management system[6]. - The company is actively managing accounts receivable risks, with mechanisms in place to track client financial conditions and ensure timely collections[7]. - The company has established a risk management and internal control system, including 8 risk management policies and 153 other management systems[57]. - The company has mechanisms in place to track customer financial conditions to mitigate the risk of bad debts, despite the low likelihood due to its government client base[103]. Research and Development - Research and development investment rose by 19.88% to ¥54,843,007.63, compared to ¥45,747,701.82 in the previous year, indicating a focus on innovation[66]. - The company has completed 105 provincial and ministerial scientific research projects, with 70 projects receiving national and provincial scientific achievement awards[47]. - The company holds 341 valid patents, including 77 invention patents and 273 utility model patents, along with 144 software copyrights[47]. - The company has established research centers focusing on transportation safety and green development, contributing to the integration of transportation and economic development in Henan Province[37]. Environmental Responsibility and Social Commitment - The company emphasizes environmental responsibility and has not faced any administrative penalties related to environmental issues[115]. - The company is committed to social responsibility, focusing on quality service and sustainable development[116]. Employee and Talent Management - As of June 30, 2022, the company employed a total of 3,131 staff, including 4 national and provincial-level design masters and 1,118 registered engineers, indicating strong talent competitiveness[60][61]. - The company conducted training for over 4,200 participants during the reporting period, enhancing the learning environment and promoting a culture of continuous education[120]. Shareholder and Capital Management - The company plans to retain earnings and will not distribute cash dividends or issue bonus shares[9]. - The company's major shareholder holds 33.28% of the total shares, ensuring stable control and favorable long-term development[44]. - The company has implemented a strategy to manage share capital effectively through repurchases and performance-based cancellations, enhancing shareholder value[156]. - A cash dividend of 2.5 yuan per 10 shares was distributed to shareholders, along with a capital reserve conversion of 2 shares for every 10 shares held[145]. International Expansion - The company has established subsidiaries in Cambodia, Bangladesh, Nepal, and East Africa, reflecting its commitment to international economic and technical cooperation[54].

Financial Performance - The company's operating revenue for Q1 2022 was ¥358,875,482.51, representing an increase of 18.84% compared to ¥301,980,496.99 in the same period last year[4] - The net profit attributable to shareholders for Q1 2022 was ¥45,710,906.37, a 5.28% increase from ¥43,417,441.41 in the previous year[4] - The company's basic earnings per share decreased by 10.53% to ¥0.17 from ¥0.19 in the same period last year[4] - The weighted average return on equity was 1.65%, down from 1.79% in the previous year[4] - Total operating revenue for the first quarter reached CNY 358,875,482.51, an increase of 18.8% compared to CNY 301,980,496.99 in the previous period[24] - Net profit for the period was CNY 45,921,211.70, representing a 5.7% increase from CNY 43,449,881.51 in the same period last year[26] - Earnings per share (EPS) decreased to CNY 0.17 from CNY 0.19 in the previous period[27] Cash Flow and Investments - The net cash flow from operating activities improved by 46.00%, reaching -¥83,606,180.00 compared to -¥154,834,326.62 in the same period last year[13] - The net cash flow from investment activities was -186,529,437.37 CNY, compared to -71,094,776.12 CNY in the previous year, indicating a decline of approximately 162.5%[30] - The total cash inflow from financing activities was 130,015,252.07 CNY, while cash outflow was 68,049,931.55 CNY, resulting in a net cash flow of 61,965,320.52 CNY, a significant improvement from -69,486,825.25 CNY in the previous year[30] - The cash outflow for the acquisition of fixed assets and other long-term assets was 75,368,259.55 CNY, which is significantly higher than 23,771,106.29 CNY in the previous year, marking an increase of approximately 216.5%[30] - The net increase in cash and cash equivalents for the period was -208,445,000.03 CNY, compared to -295,308,065.46 CNY in the previous year, showing an improvement[30] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥5,857,713,732.60, reflecting a 1.08% increase from ¥5,795,118,438.76 at the end of the previous year[4] - The total current assets are reported at ¥4,461,201,926.45, slightly up from ¥4,410,103,715.35 at the beginning of the year, indicating a growth of about 1.16%[21] - The total liabilities amount to ¥2,975,544,824.48, which is an increase from ¥2,958,870,742.34 at the beginning of the year[22] - The total assets at the end of the reporting period are ¥5,857,713,732.60, compared to ¥5,795,118,438.76 at the beginning of the year, reflecting a growth of approximately 1.08%[21] - The total accounts receivable stand at ¥1,691,013,246.37, slightly up from ¥1,682,279,710.40 at the beginning of the year[21] - The company reported a total of ¥55,622,575.16 in accounts payable, down from ¥56,043,694.03 at the beginning of the year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,834[15] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., holds 32.94% of shares, totaling 90,280,164 shares[15] Other Financial Metrics - The company reported a significant increase of 85.80% in trading financial assets, totaling ¥158,360,765.02 due to the purchase of bank wealth management products[9] - The company’s financial expenses rose by 81.23% to ¥10,154,102.90, primarily due to increased convertible bond interest[10] - The company recorded a 548.29% increase in minority shareholders' profit to ¥210,305.33, attributed to increased profitability of subsidiaries[11] - The company’s prepayments increased by 166.11% to ¥46,274,210.31, mainly due to an increase in advance payments for projects[9] - Research and development expenses increased to CNY 24,904,884.86, up from CNY 21,819,008.59, indicating a focus on innovation[24] - The company reported a total equity attributable to shareholders of CNY 2,797,560,821.49, compared to CNY 2,751,849,915.12 in the previous period[26] - The company recorded a financial asset impairment loss of CNY 939,981.04, a significant improvement from a loss of CNY 4,705,845.39 in the previous period[26] - Other income increased to CNY 2,109,149.09 from CNY 1,499,657.60, contributing positively to the overall financial performance[24] Audit Information - The company did not undergo an audit for the first quarter report[31]

Financial Performance - The company's operating revenue for 2021 was ¥2,052,020,032.21, representing an increase of 8.81% compared to ¥1,885,853,029.36 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥321,237,434.12, a growth of 4.84% from ¥306,406,877.34 in the previous year[25]. - The net cash flow from operating activities decreased significantly by 76.18%, amounting to ¥65,108,842.64 in 2021 compared to ¥273,392,170.66 in 2020[25]. - The total assets of the company at the end of 2021 reached ¥5,795,118,438.76, reflecting a 13.55% increase from ¥5,103,625,146.24 at the end of 2020[25]. - The net assets attributable to shareholders increased by 14.34% to ¥2,751,849,915.12 at the end of 2021, up from ¥2,406,698,150.09 in 2020[25]. - The basic earnings per share for 2021 was ¥1.17, which is a 5.41% increase from ¥1.11 in 2020[25]. - The diluted earnings per share for 2021 was ¥1.15, showing a 3.60% increase compared to ¥1.11 in the previous year[25]. - The weighted average return on equity for 2021 was 12.70%, a slight decrease from 13.34% in 2020[25]. - The company reported a decrease of 10.66% in net profit after deducting non-recurring gains and losses, totaling ¥264,840,945.42 in 2021 compared to ¥296,446,069.54 in 2020[25]. - The company's total revenue for Q4 reached 789,043,040.41, marking a significant increase compared to previous quarters[28]. - Net profit attributable to shareholders for Q4 was 138,007,770.27, reflecting strong growth from earlier quarters[28]. - The net cash flow from operating activities in Q4 was 168,489,340.24, indicating a positive turnaround from negative cash flow in Q1[28]. - The company reported a total of 93,767,658.97 in net profit after deducting non-recurring gains and losses for Q4, showing a robust performance[28]. Market Expansion and Strategy - The company is expanding its market presence outside of Henan province and internationally, establishing regional service centers and an overseas division to enhance market penetration[7]. - The company is focusing on technological innovation and has plans to establish regional engineering technology research centers to support its business expansion[8]. - The company is actively involved in the development of high-end industry think tanks, providing strategic planning and safety consulting services for the transportation sector[49]. - The company has established subsidiaries in Cambodia, Bangladesh, Nepal, and East Africa, successfully undertaking significant projects such as a 250-kilometer road feasibility project in South Sudan[70]. - The company is focusing on expanding its municipal design business by integrating various design departments into a new Urban Design Division[90]. - The company is planning to expand its market presence, focusing on new product development and technological advancements[129]. - The company is targeting three new provinces for project development in 2022[172]. Competition and Industry Trends - The company faces intense competition in the engineering consulting industry, with large central enterprises and multinational companies as major competitors[4]. - The engineering design consulting industry is experiencing intensified competition, with a shift towards high-quality development and digital transformation[36]. - The company is focusing on digitalization as a key driver for operational efficiency and competitive advantage in the engineering design sector[40]. - The industry is moving towards integrated and collaborative service models, enhancing the company's service capabilities and market position[39]. - The company is positioned to leverage its long-term business and regional layout, as well as technological accumulation, to capitalize on favorable policies and market opportunities[148]. Research and Development - The company is increasing its investment in technology research and development, aiming to drive innovation and improve service offerings[40]. - The company has completed 98 provincial and ministerial-level research projects by the end of 2021, with 61 projects receiving national and provincial scientific achievement awards[63]. - The company holds 341 valid patents, including 72 invention patents and 269 utility model patents, as well as 127 software copyrights[63]. - The company is actively engaged in R&D projects, including the application of computer vision technology in highway engineering, aimed at enhancing asset management efficiency[110]. - The company has committed RMB 15,312.34 million to enhance R&D capabilities, with 100% of the funds allocated as of the report date[136]. - The company plans to invest RMB 12,877.51 million in the establishment of a research and development center, with 72.25% of the funds already utilized[136]. Risk Management - The company has implemented measures to manage accounts receivable risks, including enhancing collection efforts and requiring guarantees from clients[6]. - The company has a risk management strategy in place to address potential impacts from policy changes and market conditions affecting infrastructure investments[3]. - The company emphasizes risk management, establishing a comprehensive internal control and risk management system to mitigate potential risks and enhance operational efficiency[72]. - The company has established a comprehensive internal control system, ensuring effective governance and operational management[198]. Human Resources and Governance - The company has a total of 2,877 employees, including 4 national and provincial-level design masters, and 1,003 registered engineers, showcasing a strong talent pool[77]. - The company launched an education and training academy, offering 355 online courses to enhance employee skills and promote resource sharing[78]. - The total remuneration paid to all directors, supervisors, and senior management in 2021 amounted to CNY 11.2056 million[174]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a diverse governance structure[166]. - The company has established a salary management system that emphasizes incentives, cost control, and fairness to attract high-quality talent and enhance employee motivation[187]. Financial Management and Investments - The company successfully issued ¥376 million in convertible bonds in November 2021, enhancing its capital strength and risk resistance[93]. - The total amount raised from the initial public offering (IPO) was RMB 68,871.99 million, with RMB 65,247.20 million utilized by December 31, 2021, representing 94.2% of the raised funds[131]. - The total amount raised from the convertible bonds was RMB 36,713.12 million, with RMB 20,700.46 million utilized by December 31, 2021, representing 56.4% of the raised funds[132]. - The company has reported a total investment of 60,000,000 with a revenue of 163,453.0 from self-funding sources[126]. - The company has consistently utilized self-funding for various investments, indicating a strong reliance on internal capital[126]. Corporate Social Responsibility - The company actively participated in disaster relief efforts during extreme weather events in 2021, showcasing its commitment to social responsibility[93]. - The company has made significant strides in overseas markets, securing projects in East Africa and South Asia, and becoming the only domestic firm to undertake two national-level road network planning projects[82]. Future Outlook - The company has set a performance guidance for the upcoming year, aiming for a revenue growth of approximately 10%[129]. - The company is optimistic about the future of the engineering design industry, with expectations of emerging leading enterprises in specialized products and digital transformation[146]. - The company has established partnerships with two major universities to foster innovation and talent development in engineering[172].

Financial Performance - The company's operating revenue for 2021 was ¥2,052,020,032.21, representing an increase of 8.81% compared to ¥1,885,853,029.36 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥321,237,434.12, a growth of 4.84% from ¥306,406,877.34 in the previous year[26]. - The net profit after deducting non-recurring gains and losses decreased by 10.66% to ¥264,840,945.42 in 2021 from ¥296,446,069.54 in 2020[26]. - The net cash flow from operating activities significantly dropped by 76.18% to ¥65,108,842.64 in 2021, down from ¥273,392,170.66 in 2020[26]. - The total assets at the end of 2021 reached ¥5,795,118,438.76, marking a 13.55% increase from ¥5,103,625,146.24 at the end of 2020[26]. - The net assets attributable to shareholders increased by 14.34% to ¥2,751,849,915.12 at the end of 2021, compared to ¥2,406,698,150.09 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥1.17, reflecting a 5.41% increase from ¥1.11 in 2020[26]. - The diluted earnings per share for 2021 was ¥1.15, which is a 3.60% increase from ¥1.11 in the previous year[26]. - The weighted average return on equity for 2021 was 12.70%, a slight decrease of 0.64% from 13.34% in 2020[26]. - The company reported a total of 9.27 million yuan in government subsidies for the year, reflecting a steady increase from previous years[32]. Market Expansion and Strategy - The company is expanding its market presence outside of Henan province and internationally, establishing regional service centers and an overseas division to enhance market penetration[7]. - The company is focusing on digitalization and smart transformation as key drivers for high-quality development, enhancing operational efficiency through technology[41]. - The company is positioned to benefit from new regulations promoting green buildings, prefabricated construction, and BIM technology, enhancing its innovation capabilities and market competitiveness[44]. - The company aims to expand its business scope and service capabilities through new regulations related to general contracting and comprehensive engineering consulting[44]. - The company has established subsidiaries in Cambodia, Bangladesh, Nepal, and East Africa, with significant projects in South Sudan and Bangladesh, marking its strong presence in international markets[72]. - The company has maintained rapid growth in revenue scale, personnel, market expansion, and business layout in recent years[42]. - The company has completed over 18,000 kilometers of highway surveying and design, including 8,200 kilometers of expressways, and has designed over 1,000 kilometers of expressway reconstruction projects[48]. - The company has established a comprehensive database for 7 major categories related to the operation of 7,191 kilometers of expressways in Henan Province, supporting government decision-making and industry management[52]. Innovation and Technology - The company is focusing on technological innovation and enhancing its core competitiveness through increased investment in human resources and technology[4]. - The company has developed a digital management platform, the Henan Province Digital Expressway Smart Maintenance Platform (DHP), which is now operational in all 58 expressway management units in Henan Province[52]. - The company is actively engaged in R&D projects, including the application of computer vision technology in highway engineering, which aims to enhance design optimization and asset management efficiency[112]. - The company has developed multiple digital management platforms, including the "Henan Province Digital Highway Smart Maintenance Platform" and "BIM+GIS Digital Collaborative Management Platform" to enhance technological capabilities[71]. - The company is committed to increasing its investment in technology research and development, aiming to drive innovation and improve service offerings[41]. Quality Control and Risk Management - The company has established a comprehensive quality control system and aims to continuously improve its quality management practices to mitigate quality-related risks[4]. - The company emphasizes quality control by adhering to ISO9001 standards and has implemented a comprehensive quality management system to ensure project delivery[59]. - The company has implemented measures to manage accounts receivable risks, including enhancing collection efforts and requiring guarantees from clients[6]. - The company emphasizes risk management with a comprehensive internal control and risk management system, ensuring effective risk prevention and control measures[74]. Corporate Governance - The company has established a governance structure that complies with the requirements of the China Securities Regulatory Commission and relevant laws, ensuring effective internal management and control[154]. - The board of directors consists of 9 members, including 3 independent directors, meeting the legal and regulatory requirements[155]. - The supervisory board is composed of 3 members, including 1 employee supervisor, fulfilling the legal requirements for governance[157]. - The company has implemented a performance evaluation and incentive mechanism for senior management, combining basic salary with annual performance assessments[157]. - The company maintains financial independence, with a complete and standardized financial accounting system, and operates independent bank accounts[161]. Employee Development and Corporate Culture - The company launched an education and training academy, offering 355 online courses to enhance employee skills and promote resource sharing[80]. - The company has established a salary management system to attract high-quality talent and enhance employee motivation[189]. - The company emphasizes a strong corporate culture, integrating its values into employee training and daily operations to foster a cohesive work environment[81]. - The total number of employees at the end of the reporting period was 2,877, with 1,512 in the parent company and 1,365 in major subsidiaries[187]. Future Outlook - The company anticipates significant growth opportunities in the engineering design industry during the "14th Five-Year Plan" period, driven by new infrastructure demands and government policies[148]. - The company expects to benefit from the rapid development of municipal and construction projects in Henan Province, particularly in urbanization and green technology initiatives[149]. - The company sees potential in the existing highway market in Henan, focusing on maintenance, testing, and smart upgrades as part of the "13445 Project" initiative[150]. - The company's water transport business is projected to grow rapidly following the introduction of the "Revitalization of Water Transport" strategy in Henan Province[150].

Financial Performance - The company's operating revenue for Q3 2021 was ¥482,441,924.67, representing a 1.60% increase year-over-year, while the year-to-date revenue reached ¥1,262,976,991.80, up 22.35% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥74,117,914.71, a decrease of 4.90% year-over-year, with a year-to-date net profit of ¥183,229,663.85, reflecting a growth of 16.80%[3] - The basic earnings per share for Q3 2021 was ¥0.27, down 20.81% compared to the same period last year, while the diluted earnings per share also stood at ¥0.27[3] - The net profit for the third quarter of 2021 was CNY 185,146,951.40, an increase from CNY 159,292,918.14 in the same period of 2020, representing a growth of approximately 16.3%[19] - Operating profit for the third quarter was CNY 215,098,756.23, compared to CNY 190,652,956.70 in the previous year, indicating an increase of about 12.8%[19] - The total comprehensive income attributable to the parent company was CNY 183,229,663.85, compared to CNY 156,878,982.00 in the previous year, marking an increase of approximately 16.8%[19] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥5,279,127,121.48, an increase of 3.44% from the end of the previous year[3] - The total assets of the company as of September 30, 2021, were CNY 5,279,127,121.48, compared to CNY 5,103,625,146.24 at the end of 2020, reflecting a growth of 3.5%[17] - The total liabilities increased to CNY 2,660,958,014.36 from CNY 2,613,501,462.02, marking a rise of 1.8%[16] Cash Flow - The cash flow from operating activities showed a net outflow of ¥103,380,497.60, marking a significant decline of 121.75% compared to the same period last year[8] - The cash flow from operating activities showed a net outflow of CNY -103,380,497.60, worsening from CNY -46,620,364.29 in the same quarter of the previous year[22] - Cash flow from investment activities resulted in a net outflow of CNY -259,080,989.74, compared to CNY -22,018,767.87 in the prior year, indicating a significant increase in investment expenditures[22] - The company reported a net cash outflow from financing activities of CNY -115,397,109.50, contrasting with a net inflow of CNY 205,108,391.33 in the same quarter of 2020[23] Investments and Expenditures - The company's investment cash flow showed a net outflow of ¥259,080,989.74, a drastic increase of 1076.64% compared to the previous year, attributed to higher long-term asset expenditures[8] - Research and development expenses increased to CNY 68,389,490.87, up 24.5% from CNY 54,920,378.44 in the previous period[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,694[9] - The company received approval from the China Securities Regulatory Commission for issuing convertible bonds to unspecified investors on October 20, 2021[12] Inventory and Receivables - The company reported a significant increase in inventory, which rose to CNY 531,320,855.17 from CNY 504,931,611.84, reflecting a growth of 5.1%[15] - Accounts receivable increased to CNY 1,512,553,809.29, up 20.6% from CNY 1,254,850,324.12[14] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 523,122,492.35 from CNY 1,093,179,268.67, representing a decline of 52.2%[14] - The cash and cash equivalents at the end of the period stood at CNY 457,595,643.52, down from CNY 598,760,305.23 at the end of the previous year[23] Other Financial Metrics - The weighted average return on equity was 2.97% for Q3 2021, a slight decrease of 0.48% year-over-year[3] - The company's monetary funds decreased by 52.15% to ¥523,122,492.35 due to increased operational expenditures and investments in financial products[6] - The company reported a significant increase of 204.78% in trading financial assets, reaching ¥228,373,775.95, primarily due to the increase in wealth management products[6] - Total operating costs amounted to CNY 1,011,155,925.94, up 25.2% from CNY 807,105,465.77 in the prior period[18] - The company did not require adjustments to the balance sheet for the new leasing standards as all leases are short-term operating leases[24]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥780,535,067.13, representing a 40.03% increase compared to ¥557,394,985.14 in the same period last year[33]. - The net profit attributable to shareholders was ¥109,111,749.14, up 38.22% from ¥78,942,919.06 year-on-year[33]. - The net profit after deducting non-recurring gains and losses was ¥99,875,956.16, reflecting a 47.59% increase compared to ¥67,673,438.67 in the previous year[33]. - The basic earnings per share increased by 41.18% to ¥0.48 from ¥0.34 in the same period last year[33]. - The total assets at the end of the reporting period were ¥5,070,459,102.09, a slight decrease of 0.65% from ¥5,103,625,146.24 at the end of the previous year[33]. - The net assets attributable to shareholders increased by 2.16% to ¥2,458,708,370.73 from ¥2,406,698,150.09 at the end of the previous year[33]. - The net cash flow from operating activities was negative at -¥103,403,261.88, worsening by 14.10% compared to -¥90,621,774.22 in the same period last year[33]. - The company's cash and cash equivalents decreased by 329.28% to -¥489,827,047.45, primarily due to increased cash outflows from investment activities[66]. - The gross profit margin for engineering design and consulting services was 40.34%, slightly down from 41.33% in the previous year[67]. - Investment income amounted to 4,198,286.16, representing 3.20% of total profit, primarily due to increased dividends from invested units and financial product income[69]. Market Strategy and Expansion - The company is focusing on consolidating its market in Henan Province while expanding into provincial and overseas markets, despite facing potential challenges[10]. - The company continues to focus on expanding its market presence and enhancing its technological capabilities through ongoing research and development initiatives[24]. - The company has established a presence in 20 provinces and 2 municipalities across China, covering 6 major regions and 17 cities in Henan province[47]. - The company is actively building regional service centers, including investments in the Guangdong-Hong Kong-Macao region and resource integration in Luoyang[47]. - The company is strategically focused on expanding its market presence both domestically and internationally, despite challenges such as regional protectionism and differing legal frameworks abroad[105]. Risk Management - The company plans to strengthen its policy and market research to mitigate risks associated with national infrastructure investment fluctuations[5]. - The company has established a comprehensive quality control system and is continuously improving it to mitigate quality responsibility risks[8]. - The company has mechanisms in place to track customer financial conditions to minimize bad debt losses from accounts receivable[9]. - The risk of bad debts from accounts receivable is low due to a client base primarily consisting of government departments; however, the company has mechanisms in place to monitor client financial health[104]. - The company faces significant policy risks due to its reliance on national infrastructure investment, particularly in transportation and urban construction, which could adversely affect its business if government funding decreases[100]. Technological Innovation and Development - The company aims to enhance service quality and efficiency, increase human and financial investment in technological innovation, and expand regional service centers to address market competition risks[6]. - The company is focusing on digital management system construction to enhance operational efficiency, including upgrades to collaborative design platforms and digital archives[49]. - The company is leveraging digital transformation to improve quality and efficiency, aligning with the trends of smart city and smart transportation development[46]. - Research and development investment rose by 45.32% to ¥45,747,701.82, compared to ¥31,481,242.15 in the previous year, indicating a focus on innovation[64]. Corporate Governance and Shareholder Relations - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[15]. - The company established a stable profit distribution policy, prioritizing cash dividends to enhance investor relations[121]. - The company completed the first phase of its restricted stock incentive plan in September 2020, aimed at motivating employees[113]. - The company reported a cash dividend of 2.5 yuan per 10 shares (including tax) and a capital reserve conversion of 2 shares for every 10 shares, totaling approximately 57.1 million yuan in dividends for shareholders[121]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[133]. Project Management and Investment - The company has invested a total of 12,877.51 million CNY in the "Enhancing R&D Capability Project," with an actual investment of 7,227.38 million CNY, achieving a progress rate of 60.57% as of August 31, 2021[91]. - The project to enhance production capacity has a total investment commitment of 167.63 million CNY, with 100% progress achieved by December 31, 2020[85]. - The project to improve management capabilities has a total investment commitment of 49.02 million CNY, with 71.65% progress achieved by the end of the reporting period[85]. - The company has achieved a cost saving of 1,176.46 million RMB through effective cost control measures during the implementation of the fundraising projects[88]. - The company has not engaged in significant equity investments or major non-equity investments during the reporting period[77]. Human Resources and Employee Development - As of June 30, 2021, the company employed 2,714 people, with 2,340 holding bachelor's degrees or higher and 1,004 holding master's or doctoral degrees, indicating a strong talent pool[124]. - The company has a strong talent pool, with 4 national and provincial-level design masters, 2 experts receiving special government allowances, and 1,004 employees holding advanced degrees[59]. - The company has organized various technical seminars and training sessions to support employee development and growth[121]. Legal and Compliance Issues - The company is involved in a significant litigation case with a disputed amount of approximately 39,056.97 million yuan[138]. - The court has ordered the freezing of the defendant's bank accounts for a period of one year, starting from January 6, 2021[138]. - The company has not faced any administrative penalties related to environmental issues and adheres to strict environmental protection laws and regulations[116]. - The company reported no penalties or rectifications during the reporting period[140].

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].