Financial Performance - The company's revenue for Q3 2022 was ¥519,903,815, representing a decrease of 66.20% compared to the same period last year, which was ¥1,538,077,128[5]. - Net profit attributable to shareholders for Q3 2022 was ¥50,274,763, down 84.95% from ¥334,002,136 in the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.23, a decline of 88.78% compared to ¥2.05 in the same period last year[8]. - For the first nine months of 2022, the company achieved operating revenue of approximately CNY 1,170.14 million, a decrease of 73.24% year-on-year[26]. - The net profit attributable to shareholders for the same period was approximately CNY 240.68 million, down 73.75% year-on-year[26]. - The net profit for the current period is CNY 244,768,668.79, a decrease from CNY 971,787,178.86 in the previous period, representing a decline of approximately 74.8%[38]. - The total revenue from operating activities is CNY 1,002,511,907.20, down from CNY 2,362,181,364.61 in the previous period, indicating a decrease of about 57.6%[42]. - The total comprehensive income for the current period is CNY 323,175,966.52, down from CNY 971,787,178.86 in the previous period, indicating a decline of about 66.7%[41]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥307,714,606.83, a decrease of 165.58% compared to ¥469,210,842.84 in the previous year[8]. - Cash received from sales of goods and services was ¥785,321,602.36, reflecting a decrease of 65.84% due to slower project construction by downstream customers[17]. - Cash received from other operating activities increased by 243.71% to ¥217,190,304.84, primarily due to government subsidies[17]. - The beginning cash and cash equivalents balance was ¥3,484,608,219.36, a 3405.79% increase year-on-year due to substantial fundraising[17]. - The ending cash and cash equivalents balance stood at ¥1,150,968,766.17, up 138.15% from the previous year[17]. - The total cash and cash equivalents at the end of the period were $1.15 billion, down from $3.48 billion at the beginning of the period[45]. - The company experienced a net decrease in cash and cash equivalents of -$2.33 billion during the period[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,937,565,983.54, an increase of 0.33% from ¥6,793,513,687.35 at the end of the previous year[8]. - The company's current assets totaled CNY 4,759.41 million, down from CNY 5,954.52 million at the beginning of the year[28]. - The total liabilities of the company as of September 30, 2022, were CNY 1,329.12 million, with current liabilities amounting to CNY 1,228.06 million[33]. Investment and Income - The company reported a significant increase in other income, which rose by 856.99% to ¥83,029,216.17, mainly due to government subsidies[14]. - Investment income for the current period reached ¥101,796,375.10, a significant increase of 29596.87% compared to the previous year[17]. - The company reported a significant increase in investment income, totaling CNY 101,796,375.10 compared to CNY 342,784.90 in the previous period, marking a substantial rise[38]. - Cash received from investment income was $15.91 million, a notable increase from $0.33 million in the previous period[45]. - The company reported a significant increase in cash received from investment recovery, totaling $1.82 billion[45]. Operational Efficiency - The company experienced a 67.10% decrease in operating costs, amounting to ¥1,004,965,138.79, due to a slowdown in downstream project construction[14]. - The company is focusing on cost control and efficiency improvements to enhance overall profitability[27]. - Research and development expenses decreased to CNY 10,054,073.34 from CNY 13,354,266.36, a reduction of approximately 24.3%[38]. Future Plans and Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects[17]. - The company plans to accelerate the implementation of new production capacity to meet the market demand during the 14th Five-Year Plan[27]. - The company aims to expand its market presence in various coastal provinces and actively pursue overseas market opportunities[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,067, with the largest shareholder holding 31.92%[18]. - The company distributed cash dividends amounting to ¥207,681,713.81, a significant increase of 1107.23% compared to the previous period[17].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[18]. - The company's operating revenue for the reporting period was ¥650,241,064.02, a decrease of 77.06% compared to the same period last year, which reported ¥2,835,077,439.00[27]. - The net profit attributable to shareholders was ¥190,404,246.05, down 67.33% from ¥582,859,734.12 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,813,717.04, a significant decline of 92.77% compared to ¥578,104,673.87 last year[27]. - The net cash flow from operating activities was -¥409,730,991.78, representing a decrease of 523.90% from ¥96,656,807.88 in the previous year[27]. - The basic and diluted earnings per share were both ¥0.88, down 75.35% from ¥3.57 in the same period last year[27]. - The weighted average return on equity was 3.50%, a drop of 38.48% from 41.98% in the previous year[27]. - The company achieved a revenue of 650.24 million CNY in the first half of 2022, with a net profit attributable to shareholders of 190.40 million CNY, reflecting a significant decline due to price drops and market demand fluctuations[66]. Investment and R&D - The company plans to invest RMB 200 million in R&D for new wind power technologies in the upcoming year[18]. - The company has reported a significant increase in investment activities, with net cash flow from investing activities at -¥1,542,281,808.89, a 1,628.00% decrease from -¥89,252,297.03 last year[91]. - Research and development expenses decreased by 63.91% to ¥42,246,141.56 from ¥117,064,551.88 in the previous year[91]. - The company has achieved a cumulative investment return of 12,492,047.49 CNY from its financial assets[111]. - The company has invested CNY 102,700 million in entrusted financial management, with no overdue amounts reported[123]. Market Expansion and Strategy - The company has set a revenue target of RMB 1 billion for the full year 2022, which would require a 10% growth in the second half[18]. - Market expansion efforts include entering two new international markets, aiming for a 30% increase in overseas sales[18]. - A strategic partnership with a leading renewable energy firm is expected to enhance technology sharing and market reach[18]. - The company is exploring potential acquisitions to strengthen its position in the offshore wind equipment sector[18]. - The company signed multiple investment agreements for offshore wind equipment manufacturing bases, enhancing production capacity and market share[67]. Offshore Wind Power Development - The company aims to achieve an offshore wind power installed capacity of over 28 million kW by 2025, with offshore wind power capacity reaching 15 million kW[46]. - The global offshore wind power installed capacity is expected to exceed 370 GW by 2031, with annual additions projected at 54.9 GW, more than double the 2021 figure[47]. - The company is actively developing large-scale offshore wind power bases and exploring new technologies such as floating wind farms[50]. - The company’s offshore wind projects are supported by various government policies, including financial subsidies for projects completed by 2024[46]. - The company is positioned to benefit from the ongoing transition to renewable energy, particularly in offshore wind power, which is seen as the future direction of the power generation industry[40]. Risk Management - Risks associated with supply chain disruptions and regulatory changes have been identified, with mitigation strategies in place[18]. - The company faces risks related to the decline in LCOE (Levelized Cost of Energy), which may pressure profit margins if cost control measures are not effectively implemented[137]. - The company is actively working to mitigate risks associated with raw material price fluctuations, which significantly impact production costs[143]. - The company has established a safety management system to address risks associated with the production of large wind power components[145]. Corporate Governance and Compliance - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[162]. - The company has not disclosed any significant environmental issues or administrative penalties during the reporting period[166]. - The company has not reported any major contracts or leasing issues during the reporting period[196]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[176]. Technological Innovation - The company holds 121 patent authorizations, including 9 invention patents, demonstrating its strong technological innovation capabilities[72]. - The company is focusing on technological innovation, customer development, and capacity enhancement to strengthen its competitive edge in the offshore wind sector[56]. - The company emphasizes the importance of continuous investment in product technology to maintain market competitiveness amid increasing competition in the wind power industry[150]. - The company plans to actively collaborate with research institutions to enhance its focus on new technologies and improve its independent innovation capabilities[150]. Human Resources and Supplier Relationships - The company has established a comprehensive human resources management system to protect employee rights and provide career development opportunities[170]. - The company maintains stable relationships with major suppliers to ensure timely product supply and quality stability[171]. - The company has a robust customer base, allowing for customized services and quick responses to client needs, thereby increasing its market share[77].

Financial Performance - The company's revenue for Q1 2022 was ¥153,257,567.98, a decrease of 86.03% compared to ¥1,097,382,456.30 in the same period last year[6] - Net profit attributable to shareholders was ¥62,036,353.76, down 70.27% from ¥208,649,362.10 year-on-year[6] - The basic earnings per share decreased by 77.34% to ¥0.29 from ¥1.28 in the same period last year[6] - Total operating revenue for the current period is ¥153,257,567.98, a significant decrease from ¥1,097,382,456.30 in the previous period[43] - Net profit for the current period is ¥63,630,175.50, down from ¥226,253,594.74 in the previous period[46] - Total comprehensive income amounted to CNY 63,630,175.50, a decrease from CNY 226,253,594.74 in the previous period[49] - Basic and diluted earnings per share were both CNY 0.29, down from CNY 1.28 year-over-year[49] Cash Flow and Liquidity - The net cash flow from operating activities was -¥145,796,951.81, a significant decline of 1,820.64% compared to ¥8,473,390.23 in the previous year[6] - Cash received from sales and services was ¥156,667,791.76, a decrease of 75.48% compared to the previous period, attributed to a slowdown in downstream project construction during the initial phase of offshore wind power parity grid connection[16] - Cash inflow from operating activities totaled CNY 280,448,343.96, significantly lower than CNY 699,855,542.69 in the prior period[53] - Net cash outflow from operating activities was CNY -145,796,951.81, compared to a positive cash flow of CNY 8,473,390.23 last year[53] - The ending balance of cash and cash equivalents was ¥2,018,957,974.33, an increase of 2833.68% compared to the previous period, primarily due to a large amount of funds raised from the initial public offering[16] - The ending balance of cash and cash equivalents was CNY 2,018,957,974.33, down from CNY 68,819,926.68 at the end of the previous period[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,597,448,432.54, down 2.89% from ¥6,793,513,687.35 at the end of the previous year[6] - The company's total assets decreased from ¥6,793,513,687.35 to ¥6,597,448,432.54[41] - Total liabilities decreased from ¥1,225,095,025.83 to ¥965,399,595.52[41] - The company’s total liabilities increased by 47.95% in short-term borrowings, reaching ¥200,000,000.00 from ¥135,181,698.62 last year[13] - The total current assets decreased from ¥5,954,522,316.01 to ¥5,695,539,759.09, reflecting a reduction of about 4.4%[36] - The company's inventory increased to ¥320,938,172.86 from ¥260,337,730.59, marking a rise of approximately 23.3%[36] Government Support and Subsidies - The company received government subsidies amounting to ¥80,363,965.06, primarily due to tax refunds[8] - Cash received from other operating activities increased by 103.25% to ¥123,780,552.20, mainly due to government subsidies[16] Operational Challenges and Market Outlook - The company reported a significant decline in performance due to the end of the "rush installation tide" and the impact of the pandemic on project construction speed[27] - The company is facing risks related to potential reductions in government support for the wind power industry, which could adversely affect revenue and profit levels[32] - The company expects the offshore wind power industry to see an additional installed capacity of over 50GW during the "14th Five-Year Plan" period, indicating a positive market outlook[30] - The company plans to actively participate in bidding for offshore wind projects, with an estimated 15GW of projects expected to be tendered in 2022[30] - The company aims to enhance its operational efficiency and cost control measures to improve overall profitability[30] - The company is committed to maintaining its market share and competitive advantage in the offshore wind power sector[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,832[17] - The largest shareholder, Xu Shijun, holds 31.92% of the shares, totaling 69,399,876 shares[17] Research and Development - Research and development expenses for the current period are ¥3,539,442.95, down from ¥4,270,972.65 in the previous period[43] Financial Expenses - The company reported a financial expense of -¥7,131,936.61, compared to ¥6,053,754.91 in the previous period[46]

Financial Performance - The company's operating revenue for the year reached ¥5,458,269,681.72, an increase of 38.93% compared to ¥3,928,683,633.72 from the previous year[29]. - Net profit attributable to shareholders was ¥1,112,682,334.92, reflecting an 80.80% increase from ¥615,434,511.89 in the previous year[29]. - The net cash flow from operating activities surged to ¥702,873,956.88, a remarkable increase of 1,103.69% compared to ¥58,393,044.79 last year[29]. - Basic earnings per share rose to ¥6.64, up 76.13% from ¥3.77 in the previous year[29]. - Total assets increased to ¥6,793,513,687.35, marking a 74.92% growth from ¥3,883,760,807.29 at the end of the previous year[29]. - The company's net assets attributable to shareholders reached ¥5,333,105,037.12, a significant increase of 386.16% from ¥1,096,984,574.13 at the end of the previous year[29]. - The wind power equipment segment contributed CNY 5.366 billion, accounting for 98.31% of total revenue, with a year-on-year growth of 38.51%[103]. - The gross profit margin for the wind power equipment segment improved to 28.21%, reflecting a 4.61% increase from the previous year[103]. - The East China region accounted for 96.24% of total revenue, with a 40.93% increase year-on-year[106]. Market Position and Industry Outlook - The offshore wind power market is expected to grow significantly, with China's offshore wind power installed capacity reaching 16.90 GW in 2021, accounting for 87% of global new installations[45]. - The company is positioned to benefit from the increasing investment in renewable energy, particularly in offshore wind power, which is seen as the future direction of the power generation industry[44]. - The offshore wind power industry in China is expected to reach a total installed capacity of 3,009 GW, with an anticipated addition of over 50 GW during the "14th Five-Year Plan" period[48]. - The global offshore wind power market is projected to add 235 GW of new installed capacity over the next decade, approximately seven times the current market size, with a compound annual growth rate of about 31.5% from 2021 to 2025[54]. - The wind power industry is supported by strong national policies, with significant growth potential projected in both domestic and international markets[78]. - The Chinese government aims for a total installed capacity of wind and solar power to exceed 1.2 billion kilowatts by 2030, driving demand for wind power components[81]. Research and Development - The company has completed several R&D projects aimed at enhancing product specifications and expanding market space, including offshore wind turbine projects[120]. - The company completed the R&D of a 600-ton cylindrical monopile foundation for a 5.0MW offshore wind turbine, ensuring the surface treatment process meets quality standards[121]. - The company has developed a 750-ton cylindrical monopile foundation for a 4.0MW offshore wind turbine, focusing on automatic welding techniques to ensure product qualification rates[124]. - The company achieved a 20-year paint lifespan for its monopile foundations through targeted research on surface treatment technology, while maintaining cost control[124]. - The company is committed to enhancing the reliability and stability of its products through ongoing R&D efforts[124]. - Research and development investment amounted to ¥252,013,223.23 in 2021, representing 4.62% of operating revenue, an increase from 4.50% in 2020[144]. - The capitalized R&D expenditure in 2021 was ¥234,359,596.21, accounting for 92.99% of total R&D investment, indicating a significant focus on capitalizing R&D costs[144]. Supply Chain and Production - The company adopts a self-purchasing model for raw materials, including steel plates and flanges, aligning procurement with sales contracts[64]. - The procurement process is governed by management systems such as the "Procurement Management System" and "Supplier Management System," ensuring quality and stability in supplier relationships[65]. - The production model is based on "sales-driven production," primarily serving large wind turbine manufacturers and operators with customized products[66]. - The company has a stable supply of raw materials and maintains good relationships with major suppliers, ensuring timely and quality product supply[68]. - The company has established multiple production bases in coastal areas, enhancing its operational efficiency and reducing transportation costs[92]. Investor Relations and Corporate Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its development strategy and operational plans[7]. - The company’s financial report has been confirmed by the responsible persons, ensuring its authenticity and completeness[5]. - The company has provided contact information for its board secretary and securities affairs representative for investor inquiries[24]. - The company aims to enhance investor relations through multiple communication channels, ensuring transparency and protecting investor rights[102]. Challenges and Risks - The company has not yet expanded into overseas markets, which limits growth potential compared to competitors in the industry[74]. - The company’s asset scale is relatively small compared to leading suppliers, affecting its risk resistance and market share in onshore wind energy[75]. - The company’s main business revenue is concentrated in the East China region, indicating a need for improved market expansion capabilities[76]. - The offshore wind power industry is expected to experience a slowdown in growth due to subsidy policy adjustments, but will still see significant development during the "14th Five-Year Plan" period[55].