Regulatory and Compliance - The company obtained a new "Environmental Engineering (Pollution Remediation Engineering) Special Class B Design Qualification" from the Chongqing Municipal Housing and Urban-Rural Development Committee during the reporting period[2]. - The company has not faced any delisting risks as per the report[8]. - The financial report has not been audited by an accounting firm[6]. - The company has established a robust quality control system, having completed over a thousand engineering survey and design projects without any administrative penalties or lawsuits during the reporting period[63]. - The company has a proactive approach to monitoring changes in qualification management regulations to ensure compliance and avoid certification lapses[62]. Financial Performance - Revenue for the current period is ¥31,710,382.84, a decrease of 40.69% compared to ¥53,467,406.35 in the same period last year[15]. - Net profit attributable to shareholders is -¥38,118,134.65, representing a decline of 110.62% from -¥18,097,677.30 year-over-year[15]. - Total assets decreased by 11.00% to ¥483,007,739.21 from ¥542,687,112.76 at the end of the previous year[16]. - Total liabilities decreased by 16.76% to ¥95,065,238.56 from ¥114,200,854.24 at the end of the previous year[16]. - The net cash flow from operating activities is -¥35,280,207.73, a decline of 20.11% compared to -¥29,373,565.62 in the same period last year[17]. - The gross profit margin is -50.06%, down from 9.25% in the same period last year[15]. - The weighted average return on equity based on net profit attributable to shareholders is -9.51%, compared to -4.31% in the previous year[15]. - The company reported a net profit of -40.46 million yuan for the reporting period, with operating income of 31.71 million yuan, a decrease of 2.18 million yuan or 40.69% year-on-year[56]. - The company reported a total of 502 technical staff at the end of the period, down from 506 at the beginning[91]. Business Operations and Strategy - The company operates in the scientific research and technical services industry, specifically in engineering technology services[13]. - The main business includes urban planning, engineering design, project management, and consulting services, focusing on municipal, construction, and transportation sectors[23]. - The company aims to accelerate its strategic transformation towards new infrastructure and integrated electromechanical services[25]. - The company is actively exploring diversified development paths in emerging sectors such as ecological restoration and low-carbon economy[25]. - The company plans to diversify its business into urban renewal, ecological restoration, low-carbon economy, and new infrastructure to reduce reliance on a single business[64]. - The company is focusing on digital transformation using advanced technologies like big data and AI to improve service efficiency[32]. - The company is increasing investment in new infrastructure business, focusing on key areas such as ports and highways, aiming to make this a significant profit growth point in the future[26]. - The company has established a national presence with a business model centered around "headquarters + regional centers" to expand its market reach[22]. Research and Development - The company acquired 1 invention patent for an "Improved Underground Sewage Treatment System" and 2 utility model patents for "Integrated Flood Protection Riverbank Guardrail" and "Urban Road Water Accumulation Detection and Alarm Device" during the reporting period[3]. - The company registered 2 software copyrights: "Municipal Electrical Professional Collaborative Intelligent Design Software V1.0" and "Wanlvtong SaaS Cloud Platform Bidding Optimization Algorithm Decision-Making System V1.0" during the reporting period[3]. - Research and development expenses increased by 2.59% to CNY 7,948,695.69, representing 25.07% of operating revenue[39]. - The company is focusing on strengthening technical innovation and talent development to enhance core competitiveness[64]. Market and Competitive Landscape - The engineering consulting industry is experiencing a phase of adjustment after a large-scale infrastructure construction boom, with increasing competition and insufficient market demand[28]. - The company is deepening its market presence in Southeast Asia and Australia, seeking partnerships with local firms to optimize resource allocation and explore new international business models[26]. - The company has a sufficient order backlog and is optimistic about future opportunities due to favorable industry policies[57]. - The company is committed to enhancing its service levels in key project management areas to exceed industry averages and improve its market position[61]. Shareholder and Equity Information - The total number of ordinary shares is 153,387,002[13]. - The company has no controlling shareholder[13]. - The company’s actual controllers are Huang Huahua, Ma Wei, and Liu Lang, with the same individuals acting in concert[14]. - The company’s stock is listed on the Beijing Stock Exchange since November 15, 2021[13]. - The company’s core employees' shareholding decreased from 2,502,523 to 1,515,195 shares, a reduction of 987,328 shares[79]. Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 35.28 million, a decrease of 20.11% compared to the previous year[49]. - The company reported a significant increase in cash received from other investment activities, totaling CNY 214,000,000.00 compared to CNY 159,281,983.03 in the previous year, indicating a growth of 34.4%[106]. - The ending cash and cash equivalents balance for the first half of 2024 was CNY 65,091,022.08, down from CNY 67,378,899.38 at the end of the first half of 2023[106]. - The company is implementing measures to improve cash flow management and reduce operational risks associated with negative cash flow[64]. Risk Management - The company faces risks related to macroeconomic fluctuations that could impact market demand for its core engineering consulting services[61]. - The company has ongoing litigation involving claims totaling CNY 76.82 million, which represents 19.80% of the net assets at the end of the reporting period[68]. - The company has a guarantee obligation amounting to CNY 10 million and CNY 20 million for different entities, with the guarantee period extending into 2024 and 2025 respectively[69]. Taxation and Incentives - The company’s income tax rate is set at 15% for the main business in 2024, benefiting from tax incentives for enterprises in the western region[165]. - The company will enjoy a 100% tax deduction for R&D expenses incurred from January 1, 2023, which will be applicable for 2024[167]. Asset Management - Total assets decreased by 11.00% to ¥483,007,739.21 from ¥542,687,112.76 at the end of the previous year[16]. - The total book value of intangible assets at the end of the period is 7,431,163.14, with an increase of 696,717.84 during the period[187]. - The total goodwill at the end of the period is 4,001,030.37, with no changes during the current period[188]. - The company has reported no disposals of fixed assets during the current period, indicating stable asset management[185].
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