Financial Performance - The company's revenue for Q1 2022 was ¥116,260,223.90, representing a 33.86% increase compared to ¥86,850,510.92 in the same period last year[3] - Net profit attributable to shareholders decreased by 15.12% to ¥11,595,226.87 from ¥13,660,119.85 year-on-year[3] - The net profit after deducting non-recurring gains and losses fell by 24.37% to ¥9,858,298.29 compared to ¥13,035,236.32 in the previous year[3] - Total operating revenue for the first quarter was CNY 116,260,223.90, an increase of 33.8% compared to CNY 86,850,510.92 in the previous period[27] - Net profit for the quarter was CNY 11,435,241.63, a decrease of 16.5% from CNY 13,660,119.85 in the same period last year[28] - The total comprehensive income attributable to the parent company was CNY 11,595,226.87, compared to CNY 13,660,119.85 in the previous period, reflecting a decrease of approximately 15.1%[29] Assets and Liabilities - The company's total assets decreased by 7.96% to ¥1,203,985,138.95 from ¥1,308,171,029.30 at the end of the previous year[3] - Cash and cash equivalents decreased to CNY 392,014,927.52 from CNY 493,832,364.30 at the beginning of the year, representing a decline of 20.5%[21] - Total assets decreased to CNY 1,203,985,138.95 from CNY 1,308,171,029.30, a decline of 8.0%[25] - Total liabilities decreased to CNY 400,927,638.45 from CNY 521,209,137.37, a reduction of 23.1%[23] Cash Flow - The cash flow from operating activities improved by 37.58%, with a net outflow of ¥37,550,525.18 compared to ¥60,159,476.08 in the same period last year[3] - Cash inflow from operating activities was CNY 74,406,674.38, compared to CNY 46,160,599.77 in the previous period, showing an increase of approximately 60.9%[31] - The net cash flow from operating activities was -CNY 37,550,525.18, an improvement from -CNY 60,159,476.08 in the previous period[32] - Cash outflow from investment activities totaled CNY 260,464,076.38, significantly higher than CNY 103,419,158.45 in the previous period[32] - The net cash flow from investment activities was -CNY 58,662,597.63, a decrease from CNY 99,588,538.26 in the previous period[32] - The net cash flow from financing activities was CNY 9,194,600.00, compared to -CNY 1,088,908.71 in the previous period, indicating a positive shift[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,432[14] - The largest shareholder, Luo Chuan Kui, holds 23.65% of the shares, totaling 35,424,000 shares[14] - The second largest shareholder, Shanghai Nenghui Investment Holding Co., Ltd., holds 21.36% of the shares, totaling 32,000,000 shares[14] - The total number of shares held by the top 10 shareholders accounts for 28.10% of the company's total shares[15] - The company has a total of 114,042,020 restricted shares, with 1,932,020 shares released from restrictions in February 2022[18] - The company completed the registration of 310,000 shares of the first category of restricted stock on January 11, 2022[18] - The total number of shares held by shareholders with unlimited sale conditions is not specified in the provided data[15] - The company has no preferred shareholders as per the report[16] Research and Development - Research and development expenses increased by 75.52% to ¥5,423,130.73 from ¥3,089,765.44, reflecting higher personnel costs and material inputs[11] - The company reported a significant increase in research and development expenses to CNY 5,423,130.73, up 75.7% from CNY 3,089,765.44[28] Market and Product Development - The company has not reported any new product or technology developments in the provided data[20] - There are no indications of market expansion or mergers and acquisitions in the current report[20] Earnings Per Share - The company's basic earnings per share decreased by 33.33% to ¥0.08 from ¥0.12 year-on-year[3] - The basic and diluted earnings per share were both CNY 0.08, down from CNY 0.12 in the previous period, indicating a decrease of 33.3%[29] Other Information - The weighted average return on equity dropped to 1.46% from 3.05% in the previous year[3] - Accounts receivable decreased by 31.67% to ¥176,706,145.04 from ¥258,616,319.74, attributed to improved collection of sales[8] - Inventory decreased significantly to CNY 49,079,296.03 from CNY 88,570,435.83, reflecting a reduction of 44.6%[21] - The company did not undergo an audit for the first quarter report[35]

Financial Performance - The company's operating revenue for 2021 was CNY 592,686,831.98, representing a 41.28% increase compared to CNY 419,513,745.42 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 104,002,935.83, up 15.31% from CNY 90,193,507.29 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 100,132,201.07, reflecting a 17.38% increase from CNY 85,309,520.61 in 2020[20]. - The net cash flow from operating activities decreased by 67.71% to CNY 21,817,283.13, down from CNY 67,573,019.82 in 2020[20]. - The total assets at the end of 2021 reached CNY 1,308,171,029.30, a 75.31% increase from CNY 746,193,020.91 at the end of 2020[20]. - The net assets attributable to shareholders increased by 78.25% to CNY 787,278,977.78, compared to CNY 441,679,496.81 at the end of 2020[20]. - The basic earnings per share for 2021 were CNY 0.83, a 3.75% increase from CNY 0.80 in 2020[20]. - The weighted average return on equity for 2021 was 18.11%, down from 22.74% in the previous year, a decrease of 4.63%[20]. Revenue Breakdown - The company's total revenue for Q1 2021 was approximately CNY 86.85 million, with Q2 at CNY 247.34 million, Q3 at CNY 127.35 million, and Q4 at CNY 131.14 million[23]. - Revenue from the electric power new energy sector was approximately ¥581.37 million, accounting for 98.09% of total revenue, with a year-on-year growth of 42.50%[130]. - The revenue from the photovoltaic power station system integration segment was CNY 546.81 million, with a gross margin of 27.17%[134]. - The total revenue for the photovoltaic power station system integration segment reached ¥398,252,903.09 in 2021, a year-on-year increase of 47.21% compared to ¥270,530,849.89 in 2020[139]. - The total revenue for the waste pyrolysis gasification system integration segment was ¥7,841,917.89 in 2021, reflecting a year-on-year growth of 9.87% from ¥7,137,143.34 in 2020[140]. - The total revenue for the new energy and power engineering design segment decreased to ¥3,267,652.23 in 2021, down 27.37% from ¥4,499,105.67 in 2020[140]. Market and Industry Trends - The photovoltaic industry in China saw a record new installed capacity of 54.88 GW in 2021, maintaining its position as the world's largest market for nine consecutive years[32]. - The company is positioned to benefit from the national strategy aiming for a 25% share of non-fossil energy in primary energy consumption by 2030[34]. - The company aims to achieve a renewable energy generation capacity of over 15 million kilowatts by the end of 2021, contributing to a national target of 11% for wind and solar power in total electricity consumption[38]. - The company is focusing on expanding its market presence in the photovoltaic sector, emphasizing the importance of clean energy development in the context of national energy security[32]. - The energy storage market in China is projected to grow at a compound annual growth rate of over 72% from 2022 to 2025, with a conservative estimate of 35.5GW and an ideal scenario of 55.9GW by 2025[53]. Strategic Initiatives - The company aims to leverage its listing to enhance its photovoltaic power station development and investment operations, addressing funding gaps and optimizing its capital structure[33]. - The company plans to strengthen its distributed photovoltaic business by leveraging its technical advantages and extensive experience in design, system integration, and investment operations[48]. - The company is actively pursuing mergers and acquisitions to enhance its capabilities in renewable energy technologies and expand its market share[39]. - The company is focusing on the integration of multiple energy sources and the development of new energy storage technologies to enhance energy consumption and storage capabilities[36]. - The company aims to establish a replicable model for household distributed photovoltaic projects, leveraging its experience from 2021[179]. Research and Development - The company has a strong technical foundation in photovoltaic power station system integration, being a leader in mountain photovoltaic design technology and a pioneer in distributed photovoltaic systems[108]. - The R&D center focuses on various innovative areas, including new energy, energy storage, and intelligent cloud control, ensuring a robust technological reserve for business transformation[101]. - The company has obtained a total of 120 intellectual property rights, including 91 utility model patents and 10 invention patents, as of December 31, 2021[113]. - The company is focusing on R&D in the photovoltaic sector, including the development of an optimized one-click integration system and AR design software[118]. - The company has developed a SCADA platform energy management system and is continuously optimizing its EMS software for various energy storage applications[119]. Corporate Governance - The company strictly adheres to relevant laws and regulations, ensuring a sound corporate governance structure and internal control environment[187]. - The company actively engages with investors through various communication channels, ensuring transparency and protecting the rights of minority shareholders[189]. - The company has established specialized committees under the board, including audit and strategic committees, to enhance decision-making processes[188]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring autonomous operations[191]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[188]. Future Outlook - The company anticipates significant growth in the photovoltaic market, with a projected increase to over 75GW in 2022[176]. - Future guidance indicates a positive outlook for revenue growth driven by market expansion and new technology initiatives[197]. - The company plans to enhance its new energy comprehensive business capabilities and expand market share, targeting an average annual new photovoltaic installation of 83GW-99GW from 2022 to 2025[176][178]. - The company will actively seek financing channels to support business development, including equity financing and bank loans[180]. - The company aims to enhance talent recruitment and training in new energy research and project management to ensure effective project execution and cost control[181].

Financial Performance - The company's revenue for Q3 2021 reached ¥127,354,287.50, representing a 114.80% increase year-over-year, and a total revenue of ¥461,546,232.42 for the year-to-date, up 66.35% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥16,618,745.51, a 119.06% increase year-over-year, with a year-to-date net profit of ¥83,079,178.54, up 62.12%[3] - Total operating revenue for Q3 2021 reached ¥461,546,232.42, a significant increase of 66.2% compared to ¥277,450,619.29 in the same period last year[21] - Net profit for Q3 2021 was ¥83,079,178.54, representing a 62.1% increase from ¥51,246,042.32 in Q3 2020[22] - The total comprehensive income for the period reached ¥83,079,178.54, compared to ¥51,246,042.32 in the previous period, reflecting a significant increase[23] Earnings and Shares - The basic earnings per share for Q3 2021 was ¥0.13, an increase of 85.71% compared to the same period last year, with a year-to-date figure of ¥0.71, up 54.35%[3] - Basic and diluted earnings per share improved to ¥0.71 from ¥0.46 year-over-year, indicating a 54.35% increase[23] Assets and Liabilities - Total assets as of September 30, 2021, were ¥1,145,132,302.04, a 53.46% increase from the end of the previous year, while total equity attributable to shareholders was ¥766,355,220.49, up 73.51%[3] - The company's total assets increased to ¥1,145,132,302.04, compared to ¥746,193,020.91 at the end of the previous year, marking a growth of 53.4%[20] - Total liabilities rose to ¥378,777,081.55, up from ¥304,513,524.10, reflecting a 24.4% increase[19] - The total liabilities amounted to CNY 304,513,524.10, a decrease of CNY 6,033,497.50 compared to the previous period[28] - The total assets of the company were CNY 746,193,020.91, reflecting a decrease of CNY 6,033,497.50 compared to the previous period[28] Cash Flow - Cash flow from operating activities for the year-to-date was negative at -¥15,392,970.66, a 78.58% improvement compared to the previous year[10] - The net cash flow from operating activities was negative at -¥15,392,970.66, an improvement from -¥71,865,416.83 in the previous period[24] - Cash inflows from operating activities totaled ¥323,025,942.21, up from ¥283,738,809.63, marking a growth of 13.87%[24] - Cash inflows from investment activities amounted to ¥503,727,159.71, compared to ¥456,828,226.24, showing an increase of 10.24%[24] - Cash inflows from financing activities were ¥267,665,800.00, significantly higher than ¥101,859,701.37 in the previous period, representing a 162.36% increase[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,249[12] - The largest shareholder, Luo Chuan Kui, holds 23.70% of shares, totaling 35,424,000 shares[12] - The second largest shareholder, Shanghai Nenghui Investment Holdings Co., Ltd., holds 21.41% of shares, totaling 32,000,000 shares[12] Operational Metrics - The company reported a significant increase in contract assets, which rose by 2515.85% to ¥121,115,463.26, primarily due to revenue recognition in the photovoltaic power station system integration business[8] - The company's inventory decreased by 62.56% to ¥14,899,244.76, due to the completion of installations from previous periods[8] - The company reported a significant increase in other payables, which rose by 993.01% to ¥17,726,758.14, mainly due to increased IPO intermediary fees[9] - Research and development expenses for Q3 2021 were ¥10,313,525.67, compared to ¥8,089,504.88 in the previous year, an increase of 27.6%[21] Future Outlook - The company has not reported any new product developments or market expansions in the current quarter[16] - There are no significant mergers or acquisitions reported in the current quarter[16] - The company has not disclosed any future performance guidance or outlook in the current report[16] Audit Status - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[29]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 25% compared to the same period in 2020[16]. - The company's operating revenue for the reporting period was ¥334,191,944.92, representing a 53.19% increase compared to ¥218,162,007.62 in the same period last year[23]. - The net profit attributable to shareholders was ¥66,460,433.03, up 52.22% from ¥43,659,506.11 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥63,667,462.08, reflecting a 57.70% increase from ¥40,371,958.62 in the previous year[23]. - The total comprehensive income for the first half of 2021 was CNY 66,460,433.03, an increase from CNY 43,659,506.61 in the same period of 2020[164]. - The company reported a total profit of CNY 77,225,126.78 for the first half of 2021, compared to CNY 50,048,972.72 in the first half of 2020, marking a 54.3% increase[164]. - The company's total assets increased to RMB 1.2 billion, reflecting a strong financial position and capacity for future investments[16]. - The company's total assets as of June 30, 2021, were CNY 801,539,315.37, compared to CNY 694,086,489.64 at the end of 2020, marking a growth of 15.5%[160]. - The total liabilities increased to CNY 336,689,789.74, up from CNY 290,674,831.88, representing a rise of 15.9%[161]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development and technology enhancements in the next fiscal year[16]. - The company’s R&D departments are engaged in various innovative projects, including photovoltaic systems, energy storage, and smart grid technologies, with a structured project-based approach to research and development[48]. - Research and development expenses increased by 36.90% to ¥6,666,359.21, mainly due to higher personnel costs[68]. - The company has allocated 15.8 million yuan for research and development, emphasizing its commitment to innovation[182]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 20% market share in the region by 2023[16]. - The company is actively exploring new business opportunities through regular market research and understanding regional industrial planning, which helps capture potential project opportunities[47]. - The company is focusing on expanding its distributed photovoltaic business, leveraging over ten years of experience in design, system integration, and investment operations[53][54]. - The company plans to enhance its one-stop service capabilities in photovoltaic power station design, system integration, and investment operations to increase revenue from this segment[95]. Operational Efficiency and Risk Management - The company has identified key risks including supply chain disruptions and regulatory changes, with strategies in place to mitigate these risks[5]. - The company is closely monitoring industry policy changes and enhancing its core technological competitiveness to mitigate risks associated with policy fluctuations[91]. - The company aims to enhance operational efficiency through strategic mergers and acquisitions in the upcoming quarters[182]. Customer Engagement and Relationships - The company has a stable customer base, continuing transactions with major clients such as State Power Investment Corporation and China Power Construction Group[59]. - The company provides design services for renewable energy and power grid systems to power investment companies, environmental protection companies, and power design institutes, utilizing a proactive customer engagement strategy[46]. - The company has accumulated significant customer resources in the renewable energy and grid system design sectors, with increasing demand for renewable energy design services from existing clients[47]. Financial Position and Cash Flow - The net cash flow from operating activities decreased by 148.38% to -¥105,234,381.80, indicating a significant reduction in cash received from sales and services[68]. - The company's cash and cash equivalents decreased by 4.56% to ¥138,232,485.84, down from ¥153,840,792.83 at the end of the previous year[77]. - The total cash inflow from investment activities was 357,403,311.27 CNY, an increase from 320,730,775.19 CNY in the first half of 2020, representing a growth of about 11.4%[175]. - The total cash outflow from operating activities was 194,497,657.68 CNY, down from 221,838,691.47 CNY in the first half of 2020, indicating a reduction of approximately 12.4%[175]. Industry Position and Trends - The company is positioned to leverage the expanding market for renewable energy technologies, particularly in light of the national goals for carbon peak and carbon neutrality by 2030 and 2060, respectively[49]. - The national energy strategy aims for a 25% share of non-fossil energy in primary energy consumption by 2030, with a total installed capacity of wind and solar power exceeding 1.2 billion kilowatts[49]. - The company operates in the photovoltaic power generation industry, which is part of the encouraged development of the new energy sector[192]. Governance and Compliance - The company held its annual general meeting on April 15, 2021, with 100% investor participation, approving multiple resolutions including the financial report for 2020[100]. - There were no significant lawsuits or arbitration matters reported during the period[116]. - The company has not engaged in any related party transactions during the reporting period[119]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[197].