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]

Financial Performance - Total revenue for the reporting period was ¥550,885,270.76, an increase of 37.13% compared to ¥401,713,012.61 in the same period last year[16]. - Net profit attributable to shareholders decreased by 15.02% to ¥89,456,812.08 from ¥105,269,595.41 year-on-year[16]. - Net cash flow from operating activities improved significantly, reaching ¥32,805,936.47, a 137.79% increase from a negative cash flow of ¥86,814,284.34 in the previous year[16]. - Basic and diluted earnings per share decreased by 18.97% to ¥0.47 from ¥0.58 in the same period last year[16]. - Total assets decreased by 5.45% to ¥3,838,378,460.40 from ¥4,059,727,842.98 at the end of the previous year[16]. - Operating costs increased by 47.26% to RMB 312,828,097.44 from RMB 212,426,981.43, attributed to business growth and expanded consolidation[41]. - The company reported a net profit of 3,842,434 RMB from its subsidiary Henan Gaojian Engineering Management Co., with total assets of 89,805,540 RMB and operating income of 34,156,690 RMB[69]. - The company reported a total of 544,320 shares held by key management personnel at the end of the period, an increase from 416,700 shares at the beginning[132]. Investment and Expansion - The company plans to focus on consolidating its market presence in Henan Province while expanding into other provinces and overseas markets, despite facing potential challenges[6]. - The company has invested in new business areas such as municipal, rail transit, and civil construction, which have shown significant market expansion[26]. - The company has established eight regional operating centers outside the province and registered 13 subsidiaries in areas like Xiong'an, enhancing its market presence[27]. - The company plans to expand its business along the "Belt and Road" initiative to increase the proportion of overseas business in its overall operations[71]. - The company has established a five-year development plan focusing on five key areas: transportation, urban construction, energy, architecture, and environment[34]. - The company has initiated research and development for new products aimed at improving service delivery and customer satisfaction[168]. Financial Management and Strategy - The company has not declared any cash dividends or stock bonuses for the reporting period, indicating a focus on reinvestment[6]. - The report highlights the company's commitment to maintaining transparency and accuracy in its financial disclosures, as affirmed by its board and management[3]. - The company has a mechanism in place to track the financial status of clients to minimize the risk of bad debts, especially given that its main clients are government departments[74]. - The company has committed a total investment of 68,871.99 million, with 47,871.02 million realized by the end of the reporting period, achieving 69.5% of the planned investment[58]. - The company has fully repaid bank loans amounting to 6,894.97 million, achieving 100% completion of this commitment[58]. - The company is committed to enhancing shareholder value through strategic acquisitions and capital management initiatives[112]. Market Competition - The competitive landscape in the engineering consulting industry is intense, with major competitors including large state-owned enterprises and multinational companies, affecting the company's market position[4]. - The company is facing intense market competition from large central enterprises, local state-owned enterprises, private enterprises, and multinational companies[73]. - The company is positioned to leverage its relative advantage in the transportation infrastructure sector, although it anticipates increased competition as it expands its operations[4]. Research and Development - The company has established a research institute with 10 research platforms, including one national industry research center, to enhance its technological innovation capabilities[27]. - Research and development investment surged by 97.19% to RMB 37,494,286.28, reflecting the company's commitment to enhancing its R&D capabilities[41]. - The company reported that the investment in R&D was delayed due to government pollution control measures affecting project progress[59]. Subsidiaries and Acquisitions - The company established two new subsidiaries during the reporting period: Henan Zhongqu Architectural Design Co., Ltd. and Henan Ruihang Airport Engineering Design Consulting Co., Ltd., with no immediate impact on overall operations[70]. - The company completed the acquisition of 88.05% of Zhongyun International's shares through a combination of issuing shares and cash payment, with the shares listed on January 17, 2019[104]. - The company participated in the capital increase of Liaoning Provincial Transportation Planning and Design Institute Co., Ltd. during the reporting period[104]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[83]. - The company strictly adheres to environmental protection laws and regulations, managing its operations according to ISO9001 quality management system[102]. - The company did not engage in derivative investments or entrusted loans during the reporting period[65][66]. Shareholder Information - The company’s shareholder structure includes significant holdings by domestic legal entities, with 62,694,558 shares held by Henan Jiaoyuan Investment[117]. - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., holds 32.67% of the shares, amounting to 62,694,558 shares[123]. - The company’s stock dividend plan was approved at the annual general meeting held on April 18, 2019[112].

Financial Performance - Total revenue for the first quarter reached ¥256,300,759.72, an increase of 34.79% compared to ¥190,146,595.92 in the same period last year[7] - Net profit attributable to shareholders was ¥46,612,210.58, reflecting a growth of 3.69% from ¥44,954,897.53 year-on-year[7] - Basic earnings per share decreased by 45.16% to ¥0.340 from ¥0.620 in the previous year[7] - Operating revenue increased by 34.79% driven by business growth and an expanded consolidation scope[19] - Operating costs rose by 34.40% in line with the increase in operating revenue[19] - Research and development expenses surged by 128.51% due to enhanced R&D capabilities and increased investment[19] - Financial expenses increased by 247.87% attributed to rising interest costs[19] - The company maintained stable overall operations, with net profit further growing compared to the same period last year[20] Cash Flow and Assets - The net cash flow from operating activities improved by 55.55%, reaching -¥39,910,570.39 compared to -¥89,778,260.78 in the same period last year[7] - The company's cash and cash equivalents decreased by 40.83% due to the use of raised funds and payment for equity acquisitions[19] - Other current assets decreased by 40.17% as a result of the redemption of financial products[19] - The company reported a 43.00% increase in net cash flow from investing activities due to the redemption of financial products[19] - Total current assets decreased from CNY 3,213,460,368.85 to CNY 2,805,647,960.92, a decline of approximately 12.7%[34] - Cash and cash equivalents dropped from CNY 745,956,546.53 to CNY 441,400,235.99, representing a decrease of about 40.8%[34] - Total assets at the end of the reporting period were ¥3,699,957,799.59, down 8.86% from ¥4,059,727,842.98 at the end of the previous year[7] - Total liabilities decreased from CNY 1,882,707,775.04 to CNY 1,475,300,591.03, a decline of about 21.6%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,881[11] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 32.67% of the shares, totaling 44,781,827 shares[11] - The company issued 7,454,173 new shares to partially pay for the acquisition of Zhongyun International Engineering Co., Ltd. during the reporting period[22] Investments and Projects - The total amount of raised funds is CNY 688.72 million, with CNY 27.21 million invested in this quarter[26] - Cumulative investment of raised funds reached CNY 470.58 million, with no changes in the use of raised funds reported[26] - The company participated in the capital increase of Liaoning Provincial Transportation Planning and Design Institute Co., Ltd. during the reporting period[22] - The establishment of two new subsidiaries, Henan Zhongqu Architectural Design Co., Ltd. and Henan Ruihang Airport Engineering Design Consulting Co., Ltd., was completed[22] - The company has committed investments totaling CNY 68,871 million, with a cumulative investment of CNY 2,721 million, achieving 47.05% of the planned progress[27] Compliance and Governance - No overdue commitments were reported by the actual controller, shareholders, or related parties during the reporting period[24] - The company has not implemented any share repurchase during the reporting period[23] - There were no violations regarding external guarantees during the reporting period[29] - The company reported no non-operating occupation of funds by controlling shareholders or related parties[30] Financial Reporting Standards - The first quarter report was not audited[60] - The company did not apply the new financial instruments, revenue, and leasing standards for the first-time execution adjustments[60] - There were no retrospective adjustments for prior comparative data under the new financial instruments and leasing standards[60]

Financial Performance - The company's operating revenue for 2018 was CNY 1,138,274,390.90, representing a 21.72% increase compared to CNY 935,196,421.91 in 2017[15]. - Net profit attributable to shareholders for 2018 was CNY 301,630,736.88, a 31.00% increase from CNY 230,260,090.39 in 2017[15]. - The net cash flow from operating activities was negative CNY 41,438,979.82, a decline of 571.60% compared to negative CNY 6,170,216.15 in 2017[15]. - The total assets at the end of 2018 amounted to CNY 4,059,727,842.98, a 70.07% increase from CNY 2,387,051,458.58 at the end of 2017[15]. - The net assets attributable to shareholders at the end of 2018 were CNY 2,088,042,221.83, reflecting a 35.97% increase from CNY 1,535,646,606.70 at the end of 2017[15]. - The basic earnings per share for 2018 were CNY 2.320, a decrease of 2.11% from CNY 2.370 in 2017[15]. - The weighted average return on equity for 2018 was 17.85%, down 13.41% from 31.26% in 2017[15]. - The company reported a total of CNY 50,497,492.19 in non-recurring gains and losses for 2018[21]. - The total operating revenue for 2018 was ¥1,138,274,390, representing a year-on-year increase of 21.72% compared to ¥935,196,421.91 in 2017[59]. - Main business revenue accounted for ¥1,115,004,613.61, which is 97.96% of total revenue, showing a growth of 20.43% from ¥925,831,381.48 in the previous year[59]. - The revenue from planning consulting surged by 142.64% to ¥100,981,182.28, up from ¥41,618,040.47 in 2017[59]. - The gross profit margin for engineering design and consulting services was 47.16%, with a year-on-year increase of 0.62%[61]. - The company's revenue from Henan Province accounted for 86.02% of total revenue, amounting to ¥979,171,282.50, which is a 24.66% increase from the previous year[61]. - Other business revenue increased significantly by 148.47% to ¥23,269,777.29, compared to ¥9,365,040.43 in 2017[59]. - The operating cost for engineering design and consulting services was ¥575,960,478.9, reflecting a year-on-year increase of 16.36%[63]. Market Strategy and Expansion - The company is focusing on consolidating its market in Henan Province while expanding into provincial and overseas markets, which is a strategic priority[5]. - The company emphasizes the importance of understanding local laws and cultural differences when expanding into overseas markets, which presents additional challenges[5]. - The company has expanded its new business areas significantly, particularly in municipal, rail transit, and civil construction sectors, enhancing its market presence and influence[29]. - The company has set up six regional operating centers outside the province and established a subsidiary in Xiong'an, achieving notable success in project acquisition and client trust[30]. - The company is focusing on urban construction projects, with significant growth potential driven by ongoing urban development initiatives in Henan province[37]. - The company plans to leverage new growth opportunities from regional development strategies and urbanization trends[97]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service offerings[114]. - Market expansion efforts are underway in three new provinces, expected to contribute an additional 5% to overall revenue in 2019[114]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next three years[122]. Risk Management - The company faces risks related to policy changes affecting infrastructure investment, which could negatively impact its business operations[4]. - The competitive landscape in the transportation engineering consulting industry is intense, with large state-owned enterprises and multinational companies as primary competitors[4]. - The company has established a comprehensive quality control system to mitigate risks associated with construction quality, which is crucial for maintaining market reputation[4]. - The company has mechanisms in place to monitor the financial status of clients to minimize the risk of bad debts, although significant receivables could still impact financial performance[5]. - Accounts receivable increased significantly, accounting for 39.37% of total assets, up from 29.99% the previous year, due to business growth and expanded consolidation scope[76]. Research and Development - The company established an engineering technology research institute in 2018, leading to rapid advancements in information technology and digitalization, including the launch of the BIM+GIS project management platform 3.0[29]. - Research and development expenses increased by 74.69% to ¥59,958,918.40, reflecting the company's enhanced R&D capabilities and expanded scope of consolidation[67]. - The number of R&D personnel rose to 255, making up 13.66% of the total workforce, with R&D investment accounting for 5.27% of operating revenue[68]. - Investment in new technology development increased by 25% in 2018, focusing on innovative solutions for urban planning[114]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held[5]. - The cash dividend distribution will account for 100% of the total distributable profit of RMB 579,635,522.86 for the year[105]. - The company emphasizes the importance of cash dividends, with a minimum of 20% of profits allocated for distribution in growth phases with significant capital expenditures[107]. - The company has established a transparent profit distribution policy, ensuring shareholder rights are protected[105]. - The cash dividend for 2018 was 41,116,251, accounting for 13.63% of the net profit attributable to ordinary shareholders[110]. - The cash dividend for 2017 was 36,000,000, representing 15.63% of the net profit attributable to ordinary shareholders[110]. - The cash dividend for 2016 was 18,900,000, which accounted for 14.57% of the net profit attributable to ordinary shareholders[110]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[3]. - The company has committed to minimizing related party transactions and will not seek preferential treatment in business cooperation[113]. - Any necessary related party transactions will be conducted fairly and in accordance with legal procedures[113]. - The company guarantees not to occupy or transfer its funds in any manner, including loans or debt repayment[113]. - The company has established a commitment to ensure that the stock price stabilization measures do not affect its operational funding needs[134]. - The company will ensure that any share reduction after the lock-up period will not be below the issuance price[117]. - The company has committed to repurchase all newly issued shares if any false statements or omissions are identified in the prospectus[131]. - The company will implement measures to stabilize its stock price if it falls below the audited net asset value per share for 20 consecutive trading days[132]. Acquisitions and Investments - The company acquired 88.05% of Zhongyun International, increasing the consolidated scope to 5 subsidiaries as of December 31, 2018[140]. - The company paid a total of 4.5 million RMB for financial advisory services related to the acquisition of Zhongyun International[142]. - The acquisition of Zhongyun International Engineering Co., Ltd. is expected to enhance the company's performance[96]. - The company raised 680 million yuan from the capital market post-IPO, providing substantial cash support for rapid development[38]. Employee and Workforce Development - The company has a total workforce of 1,867 employees, including 316 registered engineers and a diverse talent pool, enhancing its service capabilities[35]. - The company expanded its workforce, with 14 new senior engineers and 34 associate senior engineers promoted, enhancing the overall talent pool and structure[49]. - The average age of the current board members is approximately 52 years, indicating a relatively experienced leadership team[200]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters during the reporting period[144]. - The company has not faced any penalties or rectification issues during the reporting period[145]. - The company has not reported any violations regarding external guarantees during the reporting period[161]. - The company has not engaged in any significant contracts, including leasing or outsourcing, during the reporting period[155][156].

Financial Performance - Operating revenue for the current period was CNY 234,003,934.58, representing a 32.67% increase year-on-year[7] - Net profit attributable to shareholders for the current period was CNY 69,925,718.24, up 32.21% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 68,349,722.09, an increase of 30.06% year-on-year[7] - The total operating revenue for the third quarter was CNY 234,003,934.58, an increase of 32.7% compared to CNY 176,384,749.95 in the same period last year[33] - Net profit for the period reached CNY 69,925,718.24, representing a 32.2% increase from CNY 52,891,777.22 in the previous year[35] - The company's operating profit for the current period was ¥199,071,837.55, compared to ¥145,122,980.84 in the previous period, showing an increase of approximately 37.1%[43] - The total profit for the current period was ¥188,753,908.58, an increase from ¥134,178,908.67, marking a growth of about 40.5%[47] Assets and Liabilities - Total assets increased by 7.85% to CNY 2,574,362,405.01 compared to the end of the previous year[7] - The company's total assets at the end of the period were CNY 2,428,854,769.03, compared to CNY 2,252,704,002.20 at the beginning of the year, reflecting a growth of 7.8%[32] - The company's total liabilities were CNY 801,294,525.59, up from CNY 756,497,700.14, indicating a growth of 5.9%[32] - The equity attributable to the parent company increased to CNY 1,627,560,243.44 from CNY 1,496,206,302.06, a rise of 8.8%[32] - Cash and cash equivalents decreased by 45.52% due to the expansion of business scale and net outflow of operating funds[15] - The total cash and cash equivalents at the end of the period were ¥404,108,474.47, a decrease from ¥801,393,800.95 at the beginning of the period[51] Shareholder Information - Net profit for the current period was ¥175,195,313.65, compared to ¥120,918,884.74 in the previous period, indicating a significant increase of about 45%[44] - The total number of ordinary shareholders at the end of the reporting period was 16,130[11] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., held 34.55% of the shares[11] Expenses and Costs - Operating costs rose by 38.97% in line with revenue growth[15] - Sales expenses increased by 42.39% due to the company's active expansion into provincial and overseas markets[15] - Research and development expenses for the quarter were CNY 12,088,581.54, which is a significant increase of 97.5% compared to CNY 6,124,481.18 in the previous year[33] - Research and development expenses increased to ¥31,102,523.09 from ¥17,246,135.06, marking an increase of about 80.5%[42] - The total operating costs for the current period were ¥470,601,425.94, up from ¥386,629,633.16, which is an increase of about 21.7%[42] Cash Flow - Cash flow from operating activities showed a net outflow of ¥97,944,156.27, worsening from a net outflow of ¥57,056,360.63 in the previous period[48] - Cash inflow from investment activities was $847.55 million, significantly up from $15.96 million in the previous period[53] - Net cash flow from investment activities was -$356.80 million, worsening from -$82.32 million in the prior period[53] - Cash inflow from financing activities was $150.00 million, down 80.2% from $757.10 million in the previous period[54] - Net cash flow from financing activities was $39.12 million, a decrease of 94.5% compared to $715.30 million in the prior period[54] Acquisitions and Investments - The company is planning to acquire 87.20% of Zhongyun International Engineering Co., with a total transaction value of approximately 560.37 million yuan[16] - The acquisition will be financed through a combination of issuing shares (286.76 million yuan) and cash payments (273.61 million yuan)[16] - The company reported an investment income of CNY 883,299.25, compared to a loss of CNY 427,641.31 in the same period last year[35] - The investment income for the current period was ¥5,021,380.22, compared to a loss of ¥1,125,983.63 in the previous period, indicating a turnaround in performance[42] - The company received $829.99 million from investment recoveries, indicating a strong recovery in investment cash inflows[53] - The company paid $1.16 billion in cash for investments, a significant increase from $22.60 million in the previous period[53] Non-Recurring Items - Non-recurring gains and losses totaled CNY 30,183,701.89, primarily from non-current asset disposal gains and government subsidies[8] - The company reported an asset disposal gain of ¥28,536,837.07, contributing positively to the overall profit[47]