Company Overview - Greetec Co., Ltd. was listed on the Beijing Stock Exchange on June 29, 2023, becoming the first publicly traded company in China focused on engineering cost consulting[6]. - The company has undergone a name change from Tianzhi Engineering Consulting Co., Ltd. to Qingju Technology Co., Ltd. in August 2019[160]. - The company was established in November 2001, originally as Beijing Tianzhi Engineering Consulting Co., Ltd.[159]. Financial Performance - The company achieved operating revenue of CNY 337.71 million, representing a year-on-year growth of 13.45%[30]. - The net profit attributable to shareholders reached CNY 64.35 million, an increase of 13.26% compared to the previous year[30]. - The net profit after deducting non-recurring gains and losses grew by 20.01%, amounting to CNY 59.68 million[30]. - Total operating revenue for the first half of 2023 reached ¥337.71 million, a 13.5% increase from ¥297.66 million in the same period of 2022[129]. - Operating profit for the first half of 2023 was ¥76.78 million, compared to ¥68.70 million in the same period of 2022, marking an increase of 11.5%[130]. - Net profit for the first half of 2023 was ¥62.56 million, up 12.3% from ¥55.49 million in the first half of 2022[130]. - The gross profit margin slightly decreased to 43.24% from 43.42% in the previous year, while operating profit increased by 11.76% to ¥76,777,167.66[60]. Research and Development - Research and development expenses increased by over 40% year-on-year in the first half of 2023, with the total number of patents and software copyrights reaching 90[8]. - The company has been granted three new invention patents and one software copyright in the first half of 2023, further strengthening its intellectual property portfolio[8]. - R&D expenditure increased by 40.80% year-on-year, with the company obtaining 3 invention patents and 1 software copyright during the reporting period[48]. - The company aims to enhance its digital transformation through the integration of new technologies such as AI, BIM, Cloud, and Data, which is anticipated to significantly improve productivity[55]. Market Expansion and Strategy - The company is focusing on expanding its market presence in various sectors, including civil and industrial construction, energy, and transportation, leveraging its comprehensive competitive advantages[40]. - Greetec is actively adapting to changes in national investment structures by seizing opportunities in defense, new urbanization, new infrastructure, new energy, and new materials sectors[9]. - The company plans to enhance its marketing efforts and expand branch offices to capture a larger market share in response to potential declines in fixed asset investment[80]. - The company's international business revenue increased by 33.88% year-on-year, with ongoing projects in Croatia, Colombia, and India entering concentrated output stages[45]. Financial Position - Total assets increased by 17.31% to CNY 1.26 billion, while total liabilities decreased by 10.53% to CNY 463.47 million[31]. - The company's equity attributable to shareholders rose by 43.39% to CNY 801.02 million, with a corresponding increase in net asset per share to CNY 11.67, up 24.18%[31]. - The company's cash and cash equivalents increased by 45.50% to ¥378,880,117.44, primarily due to the receipt of raised funds during the period[58]. - The company reported a total of CNY 110,146,657.91 in other receivables, up from CNY 579,710.88, reflecting an increase of approximately 18,973.5%[126]. Shareholder Information - The company issued 9,182,298 shares in a public offering, increasing the total share capital to 68,622,656 shares[98]. - The top ten shareholders collectively hold 30,014,186 shares, representing 43.74% of the total shares[100]. - The largest shareholder, Chen Yonghong, holds 8,074,900 shares, accounting for 11.77% of the total shares[100]. - The company has no controlling shareholder or actual controller, and there are no familial or other relationships among the board members and senior management[109]. Corporate Governance and Compliance - The company has not experienced significant changes in major risks during the reporting period[84]. - The company has not faced any investigations or penalties during the reporting period[88]. - The company has confirmed that there were no prior period errors that needed correction, maintaining the integrity of its financial statements[155]. - The company follows the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect its financial status accurately[167]. Social Responsibility - The company has been actively involved in social responsibility initiatives, including poverty alleviation and rural revitalization projects[78]. - The company is actively involved in urban renewal and rural revitalization projects, providing comprehensive cost consulting services for over 30 rural infrastructure projects[47]. Risks and Challenges - The company faces risks related to rising labor costs and the need for skilled talent, which are critical for its long-term development[81]. - The company acknowledges seasonal fluctuations in revenue, with a tendency for higher income in the second half of the year, particularly in Q4[82]. - The company has implemented measures to improve its accounts receivable collection processes to mitigate risks associated with client financial stability[82].
青矩技术(836208) - 2023 Q2 - 季度财报