Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[18]. - The net profit attributable to shareholders for the first half of 2021 was RMB 15 million, up 25% year-on-year[18]. - The company aims to achieve a revenue target of RMB 250 million for the full year 2021, reflecting a growth rate of 25%[18]. - The company's operating revenue for the reporting period reached ¥319,989,239.41, representing a 62.49% increase compared to ¥196,926,861.71 in the same period last year[24]. - Net profit attributable to shareholders was ¥49,847,205.35, up 68.30% from ¥29,617,876.93 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥46,988,052.92, reflecting an 87.58% increase from ¥25,050,131.73 in the previous year[24]. - Basic earnings per share increased by 51.45% to ¥0.8901 from ¥0.5877 in the same period last year[24]. - The total profit for the first half of 2021 was ¥58,099,449.71, a 69.5% increase from ¥34,241,297.18 in the first half of 2020[181]. - The total comprehensive income for the first half of 2021 was 49.8 million yuan, reflecting a significant increase compared to the previous period[196]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces by the end of 2021, aiming for a 30% increase in client base[18]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach[18]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[180]. - The company plans to expand its services in the public building sector and explore new business opportunities in emerging fields such as potential defect insurance and green low-carbon construction[100]. - The company has established partnerships with 73 of the top 100 real estate companies in China, as per the 2020 sales ranking by CRIC[48]. - The company has established long-term stable partnerships with several real estate enterprises, enhancing direct commission opportunities[42]. Research and Development - The company is investing RMB 5 million in R&D for new assessment products, targeting a launch by Q4 2021[18]. - Research and development investment rose to ¥18,441,850.91, up 52.02%, reflecting the company's commitment to enhancing R&D efforts[70]. - The R&D team consists of 158 members, with 77.22% holding a bachelor's degree or higher, enabling rapid response to client needs and effective product iteration[59]. - The company has invested in product standardization and value enhancement, completing the iteration of the engineering evaluation product standardization system (R3) and developing a product development panorama (PDP) model[58]. Operational Efficiency - The company has established a digital platform to improve assessment processes, which is expected to enhance efficiency by 40%[18]. - The company has developed a comprehensive database with over 250,000 instances of project measurement and risk assessment data across more than 500 cities, enhancing its service capabilities[57]. - The company has established a supplier management system to regulate supplier admission processes and evaluation standards[40]. - The company has a detailed procurement management system to streamline purchasing processes for various operational needs[40]. - The company’s project management includes comprehensive planning and quality control measures to ensure project success[39]. Financial Position and Cash Flow - The company reported a negative net cash flow from operating activities of ¥48,815,282.08, worsening by 150.37% compared to a negative cash flow of ¥19,496,871.24 in the previous year[24]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥832,499,687.07, up 3,576.84%, primarily from raised funds[70]. - The total cash and cash equivalents at the end of the period amounted to 1,012,570,126.47 CNY, a substantial increase from 109,390,586.99 CNY at the end of the previous year[193]. - The company achieved a total cash inflow from operating activities of ¥257,755,882.82 in the first half of 2021, compared to ¥198,114,328.02 in the same period last year[187]. - The cash flow from financing activities netted 885,906,208.37 CNY after outflows, compared to a net outflow of -1,429,165.90 CNY in the previous year, indicating a positive shift in financing strategy[189]. Risk Management - The company has identified potential risks including market competition and innovation risks, and is implementing strategies to mitigate these risks[6]. - The company is aware of the risks posed by the COVID-19 pandemic and has implemented measures to ensure business continuity, including localized deployment and online assessment services[105]. - The company has established a comprehensive accounts receivable management system to mitigate risks associated with delayed collections[102]. Corporate Governance and Social Responsibility - The company emphasizes employee rights protection, implementing labor laws and providing comprehensive benefits including social insurance and health check-ups[118]. - The company has actively communicated with investors through various channels to enhance understanding and recognition[118]. - The company is committed to maximizing social responsibility while pursuing economic benefits, promoting sustainable development[118]. - The company established the "Ruijie Love Foundation" in July 2020, with 712 members by June 30, 2021, providing financial assistance to 9 employees in need[118]. Shareholder Information - Major shareholders include Fan Wenhong with 25.82% ownership and Huang Xinhua with 24.81% ownership[157]. - The company plans to release restricted shares for major shareholders on October 20, 2024[152]. - The total share capital increased from 4.48 million shares to 6.72 million shares following the capital reserve transfer[150].

Financial Performance - The company's operating revenue for Q1 2021 was ¥98,230,020.31, representing a 140.32% increase compared to ¥40,874,680.85 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥2,406,180.16, an improvement of 74.82% from a loss of ¥9,556,540.75 in the previous year[9] - The net cash flow from operating activities was a negative ¥27,795,902.69, which is a 29.00% improvement compared to a negative ¥39,146,427.17 in the same period last year[9] - The basic earnings per share for the period was -¥0.0716, improving by 74.82% from -¥0.2844 in the same period last year[9] - The net profit attributable to shareholders was -¥2.41 million, showing a notable improvement from the previous year, with a net profit of -¥4.20 million after excluding non-recurring gains and losses[22] - The net loss for Q1 2021 was CNY -7,350,145.29, a decrease from -12,728,777.60 CNY in the same period last year, representing an improvement of approximately 42.5%[53] - The total operating profit for Q1 2021 was -9,766,068.48 CNY, compared to -16,049,253.64 CNY in Q1 2020, indicating a year-over-year improvement of about 39.8%[53] - The total comprehensive income for Q1 2021 was -7,350,145.29 CNY, compared to -12,728,777.60 CNY in the same period last year, reflecting a year-over-year improvement of approximately 42.5%[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥443,930,385.71, down 10.38% from ¥495,327,893.75 at the end of the previous year[9] - The company's total assets decreased to CNY 452,023,210.08 from CNY 462,963,054.33, a decline of 2%[45] - The company's current assets totaled CNY 411,613,260.23, down from CNY 472,322,429.34 at the end of 2020, indicating a decrease of about 12.9%[39] - The company's total liabilities decreased to CNY 70,074,320.41 from CNY 119,065,648.29, a significant decline of approximately 41.2%[41] - Total liabilities decreased to CNY 116,102,190.99 from CNY 119,691,889.95, a reduction of 3.2%[45] - The company's equity attributable to shareholders was CNY 373,856,065.30, slightly down from CNY 376,262,245.46, reflecting a decrease of about 0.1%[42] Revenue and Costs - Total operating costs for Q1 2021 amounted to CNY 105,968,095.83, up from CNY 57,190,705.32, indicating an increase of 85%[48] - Cash received from sales and services increased by 52.20% to ¥146.77 million from ¥96.43 million, attributed to improved revenue collection as the pandemic was brought under control[21] - The company reported a total revenue from sales of goods and services received in Q1 2021 was 146,766,274.57 CNY, compared to 96,429,417.20 CNY in Q1 2020, representing a growth of approximately 52.2%[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6, with the top 10 shareholders holding significant stakes[13] - The largest shareholder, Fan Wenhong, held 34.43% of the shares, while Huang Xinhua held 33.08%[13] Research and Development - Research and development expenses rose by 87.62% to ¥8.91 million from ¥4.75 million, reflecting the company's commitment to increasing R&D investment[21] - Research and development expenses for Q1 2021 were CNY 8,906,978.56, compared to CNY 4,747,441.66 in the previous year, reflecting an increase of 87%[48] Government Support and Income - The company reported non-recurring gains and losses totaling ¥1,794,088.16, primarily from government subsidies and other income[11] - The company received government subsidies, leading to a 1257.02% increase in other income, which rose to ¥2.07 million from ¥0.15 million[21] - The company recorded other income of CNY 2,073,616.93, compared to CNY 152,806.76 in the previous year, indicating a substantial increase[48] Strategic Plans and Market Position - The company plans to maintain its focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[9] - The company plans to expand its business services in response to favorable national policies and industry opportunities, aiming for sustained growth in revenue and service depth[22] - The company is focusing on expanding into the public building sector and developing new business opportunities in emerging fields such as potential defect insurance and green low-carbon construction[27] - The company acknowledges the risk of intensified competition in the third-party engineering evaluation industry and is committed to maintaining its market position through innovation and service quality[29] Operational Developments - The company has established operational centers in Wuhan and Shanghai as part of its regional layout plan to enhance customer engagement and reduce operational costs[23] - The company has developed an indoor environment testing laboratory and is in the process of obtaining CMA certification, which will support its expansion into the testing services sector[23] - The first phase of the third-generation engineering assessment product (R3) has been completed, including the establishment of an indicator database and the upgrade of operational guidelines[23] Risk Management - The company faces risks related to innovation and market acceptance of new business models, which could impact future performance if not addressed[26] - The company has established a comprehensive accounts receivable management system to mitigate risks associated with delayed collections, with accounts receivable valued at 231.3410 million yuan[27] Other Information - There were no violations regarding external guarantees during the reporting period[33] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company did not engage in any research, communication, or interview activities during the reporting period[35] - The first quarter report was not audited, indicating preliminary financial results[69]

Financial Performance - The company's operating revenue for 2020 was ¥572,670,802.65, representing a 15.35% increase compared to ¥496,476,637.39 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥120,427,647.49, a decrease of 13.28% from ¥138,862,811.14 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥113,156,664.90, down 17.10% from ¥136,490,726.69 in 2019[17]. - The net cash flow from operating activities was ¥73,539,617.27, a decline of 22.13% compared to ¥94,436,875.74 in 2019[17]. - The total assets at the end of 2020 were ¥495,327,893.75, an increase of 30.22% from ¥380,377,861.84 at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were ¥376,262,245.46, up 41.54% from ¥265,834,597.97 at the end of 2019[17]. - The company reported a basic earnings per share of ¥3.5842 for 2020, down 13.28% from ¥4.1329 in 2019[17]. - The weighted average return on equity for 2020 was 37.32%, a decrease of 27.35% from 64.67% in 2019[17]. - The company's gross profit margin for the professional technical service industry was 44.51%, a decrease of 7.52% from the previous year[76]. - The company achieved a revenue of 573 million yuan in 2020, representing a year-on-year increase of 15.35%[65]. Profit Distribution - The company reported a profit distribution plan based on a base of 44,800,000 shares, proposing a cash dividend of 8.92 RMB per 10 shares (including tax) and a capital reserve increase of 5 shares per 10 shares[6]. - The total cash dividend distributed amounted to 39.96 million yuan, representing 100% of the profit distribution total[119]. - The cash dividend for the first half of 2020 was 10 million CNY (including tax) based on a total share capital of 33.6 million shares[122]. - In 2019, the company distributed a cash dividend of 20 million CNY (including tax), which accounted for 14.40% of the net profit attributable to ordinary shareholders[123]. - In 2018, the cash dividend was 40 million CNY (including tax), representing 61.68% of the net profit attributable to ordinary shareholders[123]. - The total cash dividend for 2020 was 49.96 million CNY, which accounted for 41.49% of the consolidated net profit attributable to ordinary shareholders[123]. Risk Management - The company emphasizes the importance of risk awareness regarding innovation, industry competition, and accounts receivable collection risks in its future outlook[6]. - The company’s future development outlook includes a detailed discussion of potential risks and strategies to mitigate them, as outlined in the report[6]. - The company recognizes the risk of fluctuations in social fixed asset investment and real estate investment, which could adversely affect its business operations[110]. - The company has established a comprehensive accounts receivable management system to mitigate risks related to delayed collections[112]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, ensuring accountability for any misleading statements or omissions[5]. - The company has appointed Zhonghui Certified Public Accountants as its auditing firm, ensuring compliance and transparency in financial reporting[16]. - The company has committed to fulfilling all promises made by shareholders and related parties during the reporting period[125]. - The company has a lock-up period for major shareholders, preventing them from transferring shares for a specified duration after the IPO[125]. - The company guarantees that its IPO prospectus does not contain false records or misleading statements, and will be liable for any losses incurred by investors due to such issues[129]. - The company has committed to not engaging in any related party transactions outside of normal business operations[133]. Business Strategy - The company has been focusing on integrating traditional industries with new business models, enhancing its engineering evaluation and consulting services[27]. - The company is focusing on enhancing its competitive advantage through increased investment in R&D, particularly in construction engineering quality assessment and management services[85]. - The company aims to explore new business opportunities in the public building sector and develop new performance growth points in emerging fields such as engineering quality defect insurance and green low-carbon buildings[110]. - The company is focusing on digital transformation and the integration of advanced technologies like cloud computing and artificial intelligence in the construction industry[104]. Market Position - The company has established long-term stable partnerships with several real estate enterprises, enhancing its direct commission business opportunities[38]. - The company has a strong market presence, with partnerships with 9 out of the top 10 real estate companies in China, and 73 out of the top 100[53]. - The company is positioned to benefit from the growing demand for third-party engineering evaluation services as the market for existing buildings expands[46]. Employee and Management - The total number of employees in the company is 1,919, with 1,118 in the parent company and 801 in major subsidiaries[200]. - The company has 1,496 engineering technical personnel, which constitutes the majority of its workforce[200]. - The educational background of employees includes 47 with master's degrees or above, 884 with bachelor's degrees, and 988 with college diplomas or below[200]. - The company reported a total remuneration of 9.2644 million yuan for directors, supervisors, and senior management in 2020[198]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters during the reporting period[140]. - The company did not face any penalties or rectification issues during the reporting period[141]. - The credit status of the company and its controlling shareholders is good, with no records of unfulfilled court judgments or significant overdue debts[142].