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]

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] - The 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 total operating revenue for the current period reached ¥635,716,947.19, an increase from ¥532,480,882.41 in the previous period, representing a growth of approximately 19.4%[42] - Operating profit for the current period was ¥199,071,837.55, compared to ¥145,122,980.84 in the previous period, indicating a growth of about 37.1%[43] - The net profit for the current period was ¥175,195,313.65, up from ¥120,918,884.74 in the previous period, reflecting an increase of approximately 45.0%[44] - The company's operating revenue for the current period was ¥527,543,112.46, an increase of 20.7% compared to ¥437,057,819.22 in the previous period[46] - Net profit for the current period reached ¥165,899,106.93, representing a 47.0% increase from ¥112,922,385.41 in the same period last year[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 total liabilities increased to CNY 801,294,525.59, up from CNY 756,497,700.14, indicating a rise of 5.9%[32] - Cash and cash equivalents decreased by 45.52% due to increased outflow from bank wealth management products and operational funds[15] - Cash and cash equivalents decreased significantly to CNY 372,685,730.45 from CNY 820,771,758.46, a decline of 54.6%[30] - The total cash and cash equivalents at the end of the period were ¥404,108,474.47, a decrease from ¥104,377,123.45 in the previous period[51] Shareholder Information - Net assets attributable to shareholders increased by 8.84% to CNY 1,671,333,573.99 compared to the end of the previous year[7] - 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 increased to CNY 12,088,581.54, compared to CNY 6,124,481.18 in the previous year, showing a rise of 97.5%[33] - Research and development expenses increased to ¥31,102,523.09 from ¥17,246,135.06, marking a significant rise of approximately 80.5%[42] - The company's total operating costs for the current period were ¥470,601,425.94, compared to ¥386,629,633.16 in the previous period, which is an increase of about 21.7%[42] Cash Flow - The company’s net cash flow from operating activities decreased by 71.66% due to increased upfront expenditures associated with business expansion[15] - The company reported a net cash outflow from operating activities of ¥97,944,156.27, compared to a net outflow of ¥57,056,360.63 in the previous period[48] - Cash flow from investment activities showed a net outflow of ¥339,282,741.37, worsening from a net outflow of ¥49,384,114.24 year-over-year[50] - Net cash flow from financing activities was ¥39,119,838.65, after cash outflows of ¥110,880,161.35[54] Acquisitions and Investments - The company plans to acquire 87.20% of Zhongyun International Engineering Co., Ltd. for a total transaction amount 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 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[43] - The company recorded an increase in asset disposal income of ¥28,536,837.07, with no corresponding figure in the previous period[47] Earnings Per Share - The basic earnings per share for the current period was CNY 0.53, a decrease of 1.85% compared to the same period last year[7] - Basic earnings per share for the current period were ¥1.12, down from ¥1.24 in the previous period, showing a decrease of about 9.7%[44] - Basic and diluted earnings per share were both ¥1.05, down from ¥1.16 in the previous period[47] Other Financial Metrics - Non-recurring gains and losses totaled CNY 30,183,701.89, primarily from non-current asset disposal gains and government subsidies[8] - The weighted average return on equity was 4.17%, down 3.22% from the previous year[7] - The company reported a financial income of CNY 2,361,012.40, significantly higher than CNY 272,140.93 from the previous year[35] - The financial expenses for the current period were ¥1,132,419.93, a decrease from ¥4,313,561.18 in the previous period, indicating a reduction of about 73.8%[42] - The company recorded an asset impairment loss of ¥38,760,409.76, which increased from ¥23,854,919.80 in the previous period, representing a rise of approximately 62.4%[42] Regulatory and Reporting - The company has submitted the restructuring application to the China Securities Regulatory Commission and received an acceptance notice[17] - The report for the third quarter was not audited[55]

Financial Performance - Total revenue for the reporting period was ¥401,713,012.61, an increase of 12.81% compared to ¥356,096,132.46 in the same period last year[19]. - Net profit attributable to shareholders was ¥105,269,595.41, representing a 54.75% increase from ¥68,027,107.52 year-over-year[19]. - Basic earnings per share rose to ¥0.81, up 32.79% from ¥0.61 in the previous year[19]. - The company's gross profit margin for the surveying and design segment was 48.57%, with a slight decrease of 1.31% compared to the previous year[48]. - The company reported a significant increase in cash outflows related to investment activities, rising from 38,182,935.99 CNY to 1,085,052,625.65 CNY[150]. - The total comprehensive income for the current period was ¥101,633,030.16, compared to ¥62,608,490.02 in the previous period[143]. Cash Flow and Assets - The net cash flow from operating activities was -¥86,814,284.34, a significant decline of 955.96% compared to ¥10,142,286.79 in the same period last year[19]. - Cash and cash equivalents decreased by 64.93% compared to the beginning of the period, primarily due to the company's investment in bank wealth management products[32]. - Total assets at the end of the reporting period were ¥2,302,678,196.13, a decrease of 3.53% from ¥2,387,051,458.58 at the end of the previous year[19]. - The company's cash and cash equivalents decreased significantly from CNY 866,846,374.00 to CNY 304,013,924.08, representing a decline of about 65%[128]. - The company recorded a net cash outflow from operating activities of ¥86,814,284.34, compared to a net inflow of ¥10,142,286.79 in the previous period[147]. Market Position and Competition - The company faces intense market competition from large central enterprises, local state-owned enterprises, private companies, and multinational corporations[5]. - The company aims to consolidate its market position in Henan Province while expanding into provincial and overseas markets[5]. - The company acknowledges potential risks in expanding into provincial and overseas markets due to legal and cultural differences[5]. - The company is positioned relatively advantageously in the transportation infrastructure construction sector compared to its peers[5]. - The company is actively pursuing mergers and acquisitions in related industries to enhance its scale and resource integration capabilities[46]. Investment and Development - The company has increased its investment in technology innovation, with significant progress in BIM technology application and the construction of a highway maintenance big data platform[39]. - The company is actively developing a highway maintenance big data platform, with a formal unveiling planned for the second half of the year[31]. - The company plans to leverage its geographical advantages to participate in the construction of transportation and municipal projects in Zhengzhou, a national central city[43]. - The company plans to focus on expanding its investment activities and improving cash flow management in the upcoming periods[150]. Governance and Structure - The company has established a governance structure including a board of directors and various committees to oversee operations[166]. - The company has a significant focus on research and development in engineering technology through its dedicated research institute[167]. - The company has established six regional operating centers to strengthen market expansion outside of Henan province[78]. Financial Management - The company does not plan to distribute cash dividends, issue bonus shares, or increase capital using reserves[6]. - The company has not reported any significant changes in its registration status during the reporting period[18]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[70][71]. - The company has not reported any major equity sales during the period[73]. - The company has not experienced any major litigation or arbitration matters during the reporting period[87]. Future Outlook - The company's future performance is contingent on the macroeconomic environment and government investment policies[4]. - The company maintains a positive outlook on the infrastructure industry due to favorable national macro policies announced in late July and early August 2018[41]. - The company expects significant business growth in the coming years due to increased investment in transportation infrastructure in Henan Province[43]. - The company plans to expand its business along the "Belt and Road" initiative to increase the proportion of overseas business in its overall operations[75].

Financial Performance - Total operating revenue for Q1 2018 was CNY 190,146,595.92, an increase of 18.87% compared to CNY 159,958,117.95 in the same period last year[8] - Net profit attributable to shareholders was CNY 44,954,897.53, representing a growth of 32.15% from CNY 34,018,878.38 year-on-year[8] - Basic earnings per share decreased by 1.59% to CNY 0.62 from CNY 0.63 in the same period last year[8] - The company's net profit increased by 32.15% year-on-year during the reporting period[22] - Operating revenue for the current period was CNY 154,918,140.56, compared to CNY 125,427,100.29 in the same period last year, indicating a year-over-year increase of about 23.5%[49] - The operating profit amounted to CNY 52,884,270.19, up from CNY 35,670,399.10, representing a growth of approximately 48.2%[49] - The net profit for the current period was CNY 44,376,184.97, compared to CNY 30,076,060.17 in the previous period, showing an increase of around 47.6%[50] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 89,778,260.78, worsening by 98.70% compared to negative CNY 45,183,485.88 in the previous year[8] - Cash and cash equivalents decreased by 68.96% due to high cash demands for daily operations and investment in financial products[20] - The net cash flow from operating activities rose by 98.70% due to increased payments for daily operational funding[20] - The total cash inflow from operating activities was 134,364,615.35 CNY, while cash outflow totaled 224,142,876.13 CNY, leading to a significant cash flow deficit[53] - The net cash flow from investment activities was -429,955,419.86 CNY, compared to -23,743,978.30 CNY in the previous period, indicating a significant increase in cash outflow[58] - The net increase in cash and cash equivalents was -591,281,977.32 CNY, compared to -97,088,271.48 CNY in the previous period, showing a substantial decline in liquidity[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,253,103,231.32, down 5.61% from CNY 2,387,051,458.58 at the end of the previous year[8] - The company's total assets decreased to CNY 2,144,312,680.35 from CNY 2,252,704,002.20, a decline of 4.8%[42] - The total liabilities decreased to CNY 603,730,193.32 from CNY 756,497,700.14, a reduction of 20.2%[42] - The equity attributable to shareholders increased to CNY 1,540,582,487.03 from CNY 1,496,206,302.06, an increase of 2.9%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,329[13] - The largest shareholder, Henan Jiaoyuan Investment Holding Co., Ltd., holds 34.55% of the shares, totaling 24,878,793 shares[13] - A cash dividend of 5.00 yuan per 10 shares will be distributed, totaling 36,000,000 yuan, based on the total share capital at the end of 2017[23] - The company intends to increase its share capital by 8 shares for every 10 shares held, pending approval from the shareholders' meeting[23] Investment and Projects - The project to enhance production capacity has a total investment of 16,763 million yuan, with 49.36% progress achieved by the end of the reporting period[27] - The project to enhance management capability has a total investment of 4,901 million yuan, with 9.00% progress achieved[27] - The project to enhance research and development capability has a total investment of 4 million yuan, with only 0.57% progress achieved[27] - Cumulative investment of raised funds reached 40,697 million yuan, with no changes in the use of raised funds reported[26] Market and Competition - The company faces market competition risks from large central enterprises, local state-owned enterprises, private enterprises, and multinational companies[11] - The company successfully expanded its market presence both domestically and internationally, achieving stable revenue growth[22] - The company plans to establish a branch in Bangladesh to expand into the South Asian market, with local government approval already obtained[23] Other Financial Metrics - The company reported a tax expense of CNY 8,556,741.77, compared to CNY 5,594,125.43 in the previous period, reflecting an increase of approximately 53.5%[49] - The company recorded other income of CNY 50,000.00 during the current period, which was not present in the previous period[49] - The company has not encountered any overdue commitments from shareholders or related parties during the reporting period[24] - The company has not reported any significant new product developments or market expansions in this quarter[46]