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].

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].