Financial Performance - Dongjiang Environmental Company reported unaudited interim results for the six months ended June 30, 2024[1]. - Total operating revenue for the first half of 2024 was approximately $1.55 billion, a decrease of 22.5% compared to $2.01 billion in the same period of 2023[21]. - The net loss for the first half of 2024 was approximately $319.31 million, compared to a net loss of $254.09 million in the first half of 2023, representing a 25.7% increase in losses[23]. - The total comprehensive loss for the first half of 2024 was approximately -$319.33 million, compared to -$254.12 million in the first half of 2023[26]. - The company reported a basic loss attributable to ordinary equity shareholders of approximately RMB 257.36 million for the period, compared to a loss of RMB 198.92 million for the six months ended June 30, 2023[67]. - The company reported a total comprehensive income of -198,959,599.96 for the period, indicating a significant loss compared to the previous period[40]. - The company achieved a positive operating cash flow of approximately RMB 154 million, reversing from negative cash flow year-on-year[77]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 11,713,938,485.21, a decrease from RMB 12,161,497,644.55 at the beginning of the period, reflecting a decline of approximately 3.7%[12]. - Total liabilities were RMB 6,989,544,095.46, down from RMB 7,119,601,250.60, showing a reduction of around 1.8%[14]. - Current liabilities increased to RMB 4,159,596,583.52 from RMB 3,276,071,946.74, marking an increase of approximately 27%[13]. - The company's net current assets as of June 30, 2024, were negative at RMB -680.42 million, a decline from positive net current assets of RMB 384.89 million as of December 31, 2023[72]. - The total liabilities as of June 30, 2024, were RMB 4,159.60 million, compared to RMB 3,276.07 million as of December 31, 2023, indicating a significant increase in liabilities[72]. Revenue Breakdown - The revenue from industrial waste resource utilization was RMB 564,376,350.26, an increase of 9.5% from RMB 515,553,048.07 in the previous year[48]. - The revenue from precious metal recovery was RMB 396,750,877.20, a significant decrease of 53.0% compared to RMB 843,855,229.41 in the same period last year[48]. - The revenue from municipal waste treatment was RMB 61,648,664.38, down 26.0% from RMB 83,303,128.54 in the previous year[48]. - The revenue from environmental engineering and services increased to RMB 50,003,630.90, up 22.5% from RMB 40,919,720.05 in the previous year[48]. - The revenue from electronic waste dismantling was RMB 54,742,150.14, a decrease of 9.0% compared to RMB 60,256,200.01 in the previous year[48]. Shareholder Information - The major shareholder of the company is Baowu Group Environmental Resource Technology Co., Ltd.[5]. - Major shareholder Guangsheng Holdings Group holds 29.42% of A-shares and 12.58% of H-shares, representing significant ownership stakes[101]. - The board of directors does not recommend the payment of any interim dividend for the six months ended June 30, 2024, consistent with the previous year[109]. Corporate Governance - The company emphasizes compliance with the Hong Kong Stock Exchange listing rules in its announcements[1]. - The audit and risk management committee has reviewed the interim results and financial statements for the six months ended June 30, 2024, but the financial statements have not been reviewed by the company's auditor[107]. - The company has complied with all applicable provisions of the corporate governance code during the reporting period, with minor deviations noted[110]. Strategic Focus - The company has a strategic focus on environmental services and resource recycling[3]. - The company plans to focus on market expansion and new product development in the upcoming quarters[11]. - The company is focusing on high-end product development and has launched its first batch of fireworks-grade copper oxide products during the reporting period[79]. - The company is focusing on expanding its market presence and enhancing its service offerings, although specific new products or technologies were not detailed in the report[52]. Taxation and Financial Management - The effective corporate income tax rates for the company varied, with the main entity at 15%, while others ranged from 15% to 25% depending on the subsidiary[58]. - The company benefits from various tax incentives, including a 100% VAT refund on income from biogas generated from waste fermentation and a 70% VAT refund on waste treatment services[65]. - The current income tax expense for the first half of 2024 was approximately 4.76 million, compared to a negative income tax expense of 1.73 million in the same period of 2023, showing a significant turnaround[56]. Research and Development - Research and development expenses increased slightly to approximately $65.04 million, compared to $63.74 million in the same period of 2023[21]. - The company filed for 25 new patents during the reporting period, bringing the total to 688 authorized patents[80].

東江環保股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號 環境、社會及管治報告 2023 東江環保股份有限公司 Contents 目錄 | 1 | ABOUT THE REPORT | 3 | | --- | --- | --- | | | 關於本報告 | | | 2 | MESSAGE FROM THE CHAIRMAN | 7 | | | 董事長致辭 | | | 3 | ABOUT OUR GROUP | 10 | | | 關於本集團 | | | | 3.1 Business of the Group | 11 | | | 集團業務簡介 | | | | 3.2 Achievements and Honors | 12 | | | 成就與榮譽 | | | | 3.3 Promoting Technological Innovation | 15 | | | 推動技術創新 | | | 4 | ADHERING TO THE GUIDANCE OF PARTY BUILDING | 18 | | | 堅持黨建引領 | | | 5 | GREEN AND SUSTAINABLE DEVELOPM ...

Financial Reporting and Compliance - The company will adopt Chinese Accounting Standards for financial reporting starting from the fiscal year ending December 31, 2023, to enhance audit efficiency [18]. - The company has engaged its auditor to report on related party transactions for the fiscal year ending December 31, 2023, confirming no issues that would affect the transactions [6]. - The audit report confirms that the financial statements fairly present the company's financial position as of December 31, 2023, in all material respects [174]. - The company is committed to transparency and compliance with the regulations set forth by the China Securities Regulatory Commission [194]. - The company is required to assess goodwill impairment based on management's estimates and assumptions, particularly regarding future cash flows and discount rates, which are subject to significant uncertainty [162]. - The external auditor evaluated the competence and objectivity of the valuation experts hired by management for goodwill impairment testing [163]. - The company must ensure that all information related to goodwill impairment is appropriately reported and disclosed in the financial statements [163]. - The audit report highlighted key audit matters that were deemed most important for the financial statements [180]. - The board of directors is responsible for overseeing the financial reporting process and ensuring accuracy [185]. Corporate Governance - The company has established a board of directors responsible for formulating development policies and strategies, as well as overseeing their implementation [27]. - The board consists of nine directors, with one-third being independent non-executive directors, including two female directors [97]. - The board has reviewed its diversity strategy and considers its current structure and composition to be appropriate [97]. - The board is responsible for ensuring good corporate governance practices and compliance with relevant regulations [52]. - The company has appointed new executive directors, including Huang Honggang on December 5, 2023, and Liu Xiaoxuan on February 21, 2024 [28]. - The board of directors has a diversity policy in place, focusing on various aspects including gender, age, and professional qualifications [74]. - The company is considering setting measurable targets for its board diversity policy to ensure its appropriateness and track progress [97]. - The company emphasizes the importance of diversity in its recruitment strategy, considering factors such as gender, age, and professional experience [101]. - The company has implemented a whistleblowing policy and system, allowing employees and third parties to report suspected misconduct confidentially [167]. - The board and the audit and risk management committee will review the whistleblowing policy annually to enhance its effectiveness [168]. - The company has established anti-corruption policies to ensure integrity among management and employees, prohibiting the misuse of power for personal gain [169]. - During the reporting period, the company's directors and employees received anti-corruption training to raise awareness of ethical conduct [170]. Business Strategy and Development - The company has committed to continuous review and adjustment of its business strategies to respond to market changes and ensure sustainable development [26]. - The company has implemented a budget management system, requiring subsidiaries to prepare annual business plans for approval [57]. - The strategic development committee is responsible for proposing suggestions based on development strategy planning, major investment financing plans, and significant capital operations [135]. - The company is focused on environmental, social, and governance (ESG) initiatives as part of its strategic direction [194]. Financial Performance - The company's revenue for the fiscal year 2023 was approximately RMB 4,022,468,104.97, with industrial waste resource sales, precious metal recovery income, and waste treatment income totaling RMB 3,544,239,811.21 [77]. - The company reported a significant increase in revenue, achieving a total of 1,000,000 HKD for the fiscal year ending December 31, 2023 [186]. - As of December 31, 2023, the company's accounts receivable balance was RMB 1,100,918,082.79, with an allowance for bad debts of RMB 78,969,675.63 [144]. Shareholder Engagement - The company held a total of 4 shareholder meetings during the reporting period, reflecting active engagement with shareholders [78]. - The company is committed to maintaining multiple communication channels with shareholders, including announcements on its website and regular reports [82]. - The company has reviewed the effectiveness of its investor relations policy during the reporting period, confirming its proper execution [82]. - The company has implemented proactive investor relations policies to ensure timely communication with shareholders and potential investors [82]. - The company's non-executive directors are required to attend shareholder meetings to understand shareholders' opinions fairly [5]. Risk Management - The company has established a comprehensive internal management system and approval processes to enhance risk management and internal controls [57]. - The internal audit function has been established to ensure the effectiveness of internal control systems and risk identification [58]. - The board has reviewed and confirmed the effectiveness of the risk management and internal control systems for the fiscal year 2023 [58]. - The company has not identified any significant issues in its risk management and internal control systems during the annual review [58]. - The company recognizes the inherent risks in revenue recognition and has established internal controls to mitigate these risks [77]. - The audit and risk management committee held 5 meetings during the reporting period to discuss the group's quarterly, semi-annual, and annual financial statements [128].

Revenue and Profitability - Revenue for Q1 2024 was CNY 828,715,785.69, a decrease of 4.66% compared to the same period last year[6]. - Net loss attributable to shareholders was CNY -117,659,832.94, representing a decline of 32.47% year-over-year[6]. - Basic and diluted earnings per share were both CNY -0.13, down 7.69% from the previous year[6]. - Total operating revenue for the current period was RMB 790,088,128.25, a decrease of 4.1% from RMB 828,715,785.69 in the previous period[30]. - Net profit for the current period was a loss of RMB 192,943,495.82, worsening from a loss of RMB 147,624,923.01 in the previous period[31]. - Total comprehensive income for the current period was a loss of RMB 192,944,277.07, compared to a loss of RMB 147,600,820.43 in the previous period[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,161,497,644.55, a decrease of 2.77% from the end of the previous year[6]. - The total assets decreased from RMB 12,161,497,644.55 to RMB 11,824,979,499.89, reflecting a decline of approximately 2.77%[23][24]. - The company's total liabilities increased from RMB 3,000,000,000 to RMB 3,200,000,000, indicating a rise of approximately 6.67%[24]. - The company reported a total liability of RMB 6,974,394,942.17, down from RMB 7,119,601,250.60 in the previous period[30]. - Total equity attributable to shareholders decreased to RMB 4,341,185,726.04 from RMB 4,496,423,310.37[30]. Cash Flow - Cash flow from operating activities was CNY -122,860,700.59, an increase of 2.34% compared to the same period last year[6]. - Operating cash inflow for the current period was $890,338,966.11, down 27% from $1,220,968,323.22 in the previous period[36]. - Cash outflow from operating activities totaled $1,010,326,259.14, a decrease of 25% compared to $1,343,829,023.81 in the prior period[36]. - Net cash flow from operating activities was -$119,987,293.03, slightly improved from -$122,860,700.59 in the previous period[36]. - Cash inflow from investment activities was $240,974,203.29, significantly higher than $270,558.91 in the previous period[37]. - Cash outflow from investment activities reached $849,411,176.83, an increase from $135,236,822.68 in the prior period[37]. - Net cash flow from investment activities was -$608,436,973.54, worsening from -$134,966,263.77 in the previous period[37]. - Cash inflow from financing activities was $605,790,064.34, down 48% from $1,167,224,353.10 in the previous period[37]. - Cash outflow from financing activities totaled $527,514,079.58, a decrease from $751,211,238.21 in the prior period[37]. - Net cash flow from financing activities was $78,275,984.76, a significant decline from $416,013,114.89 in the previous period[37]. - The ending cash and cash equivalents balance was $587,661,723.66, down from $775,868,062.27 in the previous period[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,065[16]. - The largest shareholder, Guangdong Guangsheng Holdings Group Co., Ltd., held 24.09% of the shares[16]. - The proportion of major shareholders participating in the securities lending business was noted, with Jiangsu Huihong Venture Capital Co., Ltd. lending 696,800 shares, representing 0.06% of the total share capital[19]. Operational Metrics - The company reported a decrease in gross profit margin due to increased competition and lower disposal prices in its harmless treatment business[16]. - Research and development expenses increased to RMB 32,078,112.65 from RMB 29,489,532.62, reflecting a focus on innovation[30]. - The company experienced a net investment loss of RMB 6,767,501.77, compared to a loss of RMB 4,369,664.88 in the previous period[31]. - Other comprehensive income after tax was a loss of RMB 781.25, contrasting with a gain of RMB 24,102.58 in the previous period[32].

截 至2023年12月31日止年度業績公佈 全年業績 終止確認收益 – – B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 部 份 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 DONGJIANG ENVIRONMENTAL COMPANY LIMITED* 東江環保股份有限公司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：00895） 東 江 環 保 股 份 有 限 公 司（「本公司」或「公 司」）董 事（「董 事」）會（「董事會」）宣 佈 本 公 司 及 其 附 屬 公 司（合 稱「本集團」）於 截 至2023年12月31日 止 年 度（「報告期內」）經 審 核 綜 合業績連同截至2022年12月31日止年度之比較數字如下： （除 特 別 註 明 外，於 本 公 告 中，本 集 團 的 財 務 資 料 均 以 人 民 幣（「人民幣」）元 列 示。） ...

Revenue and Profitability - Revenue for Q3 2023 reached RMB 980,225,664.55, representing a 20.29% increase year-over-year[7] - Net profit attributable to shareholders was RMB -158,002,912.38, a decrease of 42.79% compared to the same period last year[7] - The company reported a basic earnings per share of RMB -0.14, down 7.69% year-over-year[7] - The company's net profit attributable to shareholders was -356,923,762.11, a decrease of 295.50% compared to the previous period[16] - The company's net profit for the current period was impacted by an investment loss of RMB 2,528,450.48, compared to a gain of RMB 6,434,489.30 in the previous period[34] - The basic earnings per share were reported at -0.32, compared to -0.10 in the previous period[48] Cash Flow and Liquidity - The net cash flow from operating activities was RMB -173,554,471.18, reflecting a decline of 194.21% year-over-year[7] - Operating cash flow net amount was -173,554,471.18, a decline of 194.21% due to decreased operating performance[16] - The net cash flow from investing activities was -675,154,048.93 RMB, compared to -468,868,199.38 RMB in the prior period[40] - The net cash flow from financing activities was 930,963,319.13 RMB, an increase from 780,870,418.60 RMB year-over-year[46] - The company reported a decrease in cash and cash equivalents, ending the period with 700,135,214.52 RMB, down from 1,017,639,452.50 RMB[46] - Cash inflow from operating activities totaled approximately $3.53 billion, an increase from $3.32 billion in the previous period, representing a growth of about 6.4%[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 12,231,906,264.73, an increase of 4.20% from the previous year[7] - Total liabilities increased by 39.31% to 241,014,705.81, mainly due to the transfer of landfill sites to fixed assets[16] - The total liabilities decreased to RMB 6,708,104,028.93 from RMB 6,958,950,980.42, showing a reduction of approximately 3.6%[30] - The company's equity attributable to shareholders increased to RMB 4,896,749,516.50 from RMB 4,058,594,516.26, reflecting a growth of around 20.6%[30] - The company's total liabilities increased, with a notable rise in deferred tax liabilities from 33,091,079.87 RMB to 62,553,946.55 RMB[46] Operational Performance - Total operating revenue for the current period reached RMB 2,986,709,917.86, an increase from RMB 2,848,333,653.36 in the previous period, reflecting a growth of approximately 4.9%[34] - Total operating costs increased to RMB 3,459,393,042.81 from RMB 3,017,023,540.43, representing a rise of about 14.7%[34] - The company experienced a 202.97% increase in receivables financing, totaling RMB 73,986,189.87, due to increased bank acceptance bills received[14] - Research and development expenses increased by 67.77% to RMB 4,421,544.07, reflecting new investments in R&D[14] - Research and development expenses for the current period were RMB 115,231,171.72, slightly up from RMB 114,638,442.49 in the previous period[34] Future Outlook - The company plans to continue focusing on market expansion and new product development to improve future performance[16] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[34]

中 期 業 績（未 經 審 核） 香 港H股股份過戶 卓佳登捷時有限公司 香 港 夏慤道16號 遠東金融中心17樓 註冊辦事處 中華人民共和國深圳市南山區 高新區北區朗山路9號 東江環保大樓 1樓，3樓，8樓北面，9-12樓 | --- | --- | --- | --- | |--------------------------|-------|-------------------------------------------------------------|-----------------------------------------------------------| | | 附 註 | 截 至 2023 年 6 月 30 日 止六個月 （未經審核） 人民幣千元 | 截 至 2022 年 6 月 30 日 止六個月 （未經審核） 人民幣千元 | | | | | | | 收 益 | 4 | 2,006,484 | 2,033,460 | | 銷售及服務成本 | | (1,890,819) | (1,622,030) | | | | | | | 毛 利 | | 115,665 | 411,43 ...

Financial Performance - The company reported a net loss of approximately RMB 254.125 million for the six months ended June 30, 2023[12]. - The basic and diluted loss per share for the period was RMB 20.05[1]. - The company reported a net loss of 254,086 thousand RMB for the first half of 2023, compared to a net loss of 347,041 thousand RMB in the previous year, indicating an improvement in financial performance[14]. - The company’s total comprehensive loss attributable to equity holders was RMB 198.960 million for the period[1]. - The company incurred a loss attributable to equity holders of approximately RMB 199 million, compared to a profit of RMB 20.41 million in the same period last year[87]. - The net loss for the period was RMB 254,086 thousand, compared to a profit of RMB 6,715 thousand in the prior year, reflecting a substantial shift in performance[40]. Assets and Liabilities - As of June 30, 2023, the company's current assets exceeded current liabilities by approximately RMB 918.154 million[12]. - The total liabilities as of June 30, 2023, were RMB 3,128.308 million, compared to RMB 3,458.429 million as of December 31, 2022, indicating a decrease of approximately 9.5%[3]. - The company's total assets minus current liabilities amounted to RMB 9,574.782 million as of June 30, 2023, compared to RMB 8,279.948 million as of December 31, 2022, reflecting an increase of approximately 15.6%[3]. - The company's equity attributable to shareholders was RMB 5,055.163 million as of June 30, 2023, up from RMB 4,058.595 million as of December 31, 2022, representing an increase of approximately 24.6%[4]. - The company reported trade payables of RMB 537.238 million as of June 30, 2023, down from RMB 686.424 million as of December 31, 2022, a decrease of approximately 21.7%[3]. - The company’s non-current liabilities, including interest-bearing borrowings, totaled RMB 2,928.689 million as of June 30, 2023, compared to RMB 2,577.062 million as of December 31, 2022, an increase of approximately 13.6%[4]. - The total liabilities of the group amounted to approximately RMB 6,983,441,000, with a debt-to-asset ratio of 54.97%, down from 59.28% as of December 31, 2022[81]. - The group's current liabilities were approximately RMB 3,128,308,000, a decrease from approximately RMB 3,458,429,000 as of December 31, 2022[81]. Revenue and Profitability - Total revenue for the first half of 2023 reached 2,006,434 thousand RMB, an increase from 1,913,620 thousand RMB in the same period last year, representing a growth of approximately 4.9%[14]. - Revenue for the six months ended June 30, 2023, was RMB 2,006,484 thousand, a decrease of 1.3% compared to RMB 2,033,460 thousand for the same period in 2022[40]. - Gross profit for the same period was RMB 115,665 thousand, significantly down from RMB 411,430 thousand, indicating a decline of approximately 71.9%[40]. - Revenue from industrial waste resource recovery and disposal businesses decreased by approximately 31.65% and 34.84%, respectively, with revenues of about RMB 516 million and RMB 436 million[93]. - Revenue from precious metal recovery increased by approximately 124.80% to about RMB 844 million, driven by market expansion and rising precious metal prices[93]. - The overall gross margin for the group was 5.76%, a decline of approximately 14.47 percentage points compared to 20.23% in the same period last year[95]. Cash Flow and Financing - The company had cash and time deposits of approximately RMB 1,557.276 million in banks and other financial institutions, excluding restricted and pledged deposits[12]. - Cash and cash equivalents at the end of the reporting period increased to RMB 1,557,276 thousand from RMB 650,038 thousand, marking a rise of 139.5%[51]. - The company’s financing activities generated a net cash inflow of RMB 1,317,669 thousand, compared to RMB 271,739 thousand in the previous period, indicating a strong improvement in financing[51]. - The company received RMB 7,500 thousand in dividends from joint ventures during the reporting period, compared to no dividends received in the prior year[51]. - The company’s bank loans as of June 30, 2023, amounted to RMB 4,636.29 million, an increase from RMB 3,865.32 million at the end of 2022[184]. - The company issued short-term financing bonds totaling RMB 500 million at an interest rate of 3.29% on January 19, 2023[139]. Operational Strategy and Future Outlook - The company is focusing on expanding its market presence in environmental engineering and services, which are critical for future growth[24]. - The report highlights ongoing efforts in the recovery of precious metals and municipal waste treatment, which are essential components of the company’s operational strategy[24]. - The company aims to enhance its operational efficiency and reduce losses through strategic initiatives and cost management measures[24]. - The company plans to continue focusing on market expansion and new technology development to improve future performance[44]. - The company is actively promoting technological innovation, including the development of high-value copper products and the application of new treatment technologies for hazardous waste[92]. - The company is focusing on market expansion through a differentiated strategy, enhancing service quality, and providing customized value-added services to improve customer retention[89]. Administrative and Other Expenses - The company’s administrative expenses were RMB 190,971 thousand, slightly up from RMB 189,960 thousand in the same period last year[40]. - Financial costs for the six months ended June 30, 2023, were approximately RMB 87.95 million, representing 4.38% of total revenue, an increase from 4.14% in the previous year[187]. - The company reported a decrease in short-term employee benefits to RMB 1,952,000 for the six months ended June 30, 2023, compared to RMB 2,315,000 for the same period in 2022, a decline of 15.7%[103]. Investments and Capital Commitments - The company has capital commitments of approximately RMB 276.31 million as of June 30, 2023, related to ongoing projects[163]. - The company invested approximately RMB 1.14 million in its associate, Guangye New Energy, which is currently in the construction phase for a municipal sludge treatment project[161]. - The company’s associate, Guangye Biotechnology, was established in January 2023, with an investment of approximately RMB 1.4 million, focusing on kitchen waste management services[188]. - The company has made commitments for large contracts amounting to RMB 207,445,000 as of June 30, 2023, compared to RMB 237,014,000 as of December 31, 2022[193]. - The company has commitments for long-term asset acquisitions totaling RMB 43,660,000 as of June 30, 2023, an increase from RMB 37,717,000 as of December 31, 2022[193]. Compliance and Regulatory Matters - The company has not adopted any new or revised international financial reporting standards that would significantly impact its performance or financial position[72]. - The company continues to operate under the going concern basis for preparing its interim financial information[65]. - The group recognized a provision for potential losses from legal disputes amounting to RMB 915,000 as of June 30, 2023, unchanged from December 31, 2022[124].

东江环保股份有限公司募集资金实施细则 （2023年8月修订） 第一章 总 则 第二章 管理职责 （一）财务管理部 1、负责公司所有募集资金的日常管理与监督，包括募集资金专用 账户的开立及管理，募集资金专户存储三方监管协议的签订，募 集资金的存储、使用和台账管理；核查募集资金投资项目（以下 简称"募投项目"）的进展。 2、负责组织相关募集资金实施主体建立募集资金使用情况台账， 直至募集资金使用完毕。募集资金支付台账应包括实际支付的凭 证号，支付凭证应附相关申请、审批及合同等相关资料，以便后 期查阅和核查。 第一条 为进一步规范和完善东江环保股份有限公司（以下简称"公司"） 募集资金的使用，严格管理募集资金支付流程，保证募集资金安 全使用，依据《上市公司监管指引第 2 号——上市公司募集资金 管理和使用的监管要求》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》及公司《募集资金管理办法》， 特制定本细则。 第二条 本细则规定的募集资金指上市公司公开发行证券（包括首次公开 发行股票、配股、增发、发行可转换公司债券、发行分离交易的 可转换公司债券等）以及非公开发行证券向投资者募集的资金， 但 ...

Financial Performance - Net profit attributable to shareholders decreased by 2,345.86% from CNY 5,238,970.33 to CNY -117,659,832.94, impacted by a decline in collection volume and increased market competition [11]. - Total operating revenue decreased to RMB 828.72 million from RMB 963.64 million, a decline of approximately 13.95% [19]. - Net profit showed a significant loss of RMB 147.62 million compared to a profit of RMB 2.55 million in the previous period, indicating a substantial decline [20]. - Investment income decreased by 292.01% from CNY 2,275,740.06 to CNY -4,369,664.88, mainly due to a decline in net profits from joint ventures [11]. - The comprehensive income attributable to the parent company was CNY -147,600,820.43, compared to CNY -2,546,506.51 in the previous period [21]. - Basic and diluted earnings per share were both CNY -0.13, a drop of 1,400.00% from the previous year [27]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -122,860,700.59, a 954.29% decrease compared to CNY -11,653,444.20, reflecting a decline in operational performance [11]. - The net cash flow from operating activities was CNY -122,860,700.59, a significant decrease of 954.29% compared to the previous year [27]. - The cash inflow from operating activities totaled CNY 1,220,968,323.22, an increase from CNY 1,053,352,260.70 in the previous period [22]. - The net cash flow from investing activities was CNY -134,966,263.77, compared to CNY -202,164,995.48 in the previous year [23]. - The net cash flow from financing activities was CNY 416,013,114.89, an increase from CNY 318,038,173.31 in the previous year [23]. Assets and Liabilities - Total current assets increased from CNY 3,026,923,271.51 to CNY 3,307,674,195.63, indicating a growth in liquidity [16]. - Total non-current assets decreased from CNY 4,306,341,813.80 to CNY 4,202,065,657.11, primarily due to depreciation [16]. - Total assets rose to RMB 11.96 billion from RMB 11.71 billion, an increase of approximately 2.1% [18]. - Total liabilities increased to RMB 7.33 billion from RMB 6.93 billion, reflecting a rise of about 5.8% [18]. - The equity attributable to shareholders decreased to RMB 3.94 billion from RMB 4.06 billion, a decline of about 2.8% [18]. Receivables and Payables - Accounts receivable decreased by 79.20% from CNY 16,541,947.42 to CNY 3,439,906.89 due to the maturity of endorsed and discounted notes [5]. - Financing receivables increased by 202.47% from CNY 24,420,525.44 to CNY 73,863,643.39, primarily due to an increase in foreign exchange bills [5]. - Prepayments rose by 87.58% from CNY 149,703,661.79 to CNY 280,818,779.61, attributed to increased advance payments for raw materials [5]. - Contract liabilities increased by 92.22% from CNY 142,285,139.51 to CNY 273,495,985.77, mainly due to advance sales payments received [5]. - The company reported a significant increase in contract liabilities to RMB 273.50 million from RMB 142.29 million, a rise of approximately 92.3% [18]. Governance and Structure - The company has a total of three executive directors and three independent non-executive directors as part of its governance structure [39]. - The board of directors guarantees the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any misstatements [40]. - The first quarter report has not been audited, indicating a preliminary financial status [38]. - The report does not indicate any significant changes in shareholder structure or major new strategies during the reporting period [41]. - The company has not disclosed any new product developments or technological advancements in the current report [41]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,853, with the largest shareholder, Guangdong Guangsheng Holding Group Co., Ltd., holding 22.86% of shares (200,968,294 shares) [29]. - HKSCC Nominees Limited holds 22.76% of shares (200,096,887 shares), making it the second-largest shareholder [29]. - Jiangsu Huihong International Group Co., Ltd. and Jiangsu Huihong Venture Capital Co., Ltd. hold 5.70% (50,087,669 shares) and 2.96% (25,995,038 shares) respectively [29]. Other Financial Metrics - Research and development expenses decreased to RMB 29.49 million from RMB 41.90 million, a reduction of approximately 29.6% [20]. - Long-term borrowings increased to RMB 3.08 billion from RMB 2.58 billion, representing a growth of about 19.5% [18]. - The company's cash and cash equivalents were not explicitly detailed but are critical for assessing liquidity in future operations [18].