Financial Performance - The total profit for Beijing Capital Co., Ltd. for the year ended December 31, 2020, was CNY 2,240,187,256.53, with a net profit attributable to the parent company of CNY 1,470,318,619.09[5]. - The company's operating revenue for 2020 was CNY 19.22 billion, representing a 28.96% increase compared to CNY 14.91 billion in 2019[22]. - The net profit attributable to shareholders for 2020 was CNY 1.47 billion, a 53.42% increase from CNY 958 million in 2019[22]. - The net cash flow from operating activities reached CNY 4.45 billion, up 33.62% from CNY 3.33 billion in 2019[22]. - The total assets at the end of 2020 were CNY 100.57 billion, reflecting a 25.91% increase from CNY 79.87 billion at the end of 2019[22]. - The basic earnings per share for 2020 was CNY 0.2411, a 43.00% increase from CNY 0.1686 in 2019[23]. - The company achieved operating revenue of 19.225 billion yuan, a year-on-year increase of 28.96%, and a net profit attributable to shareholders of 1.47 billion yuan, up 53.42% year-on-year[55]. - The company reported a total revenue of approximately CNY 24.36 billion, representing a year-on-year increase of 28.67%[89]. Dividend Policy - The company proposed a cash dividend of CNY 0.7 per 10 shares, totaling CNY 513,841,347.39, subject to approval at the annual general meeting[6]. - The company has established a cash dividend policy, distributing at least 30% of its distributable profits as cash dividends annually[139]. - In 2020, the company distributed cash dividends of 0.7 RMB per 10 shares, totaling 513,841,347.39 RMB, with a payout ratio of 34.95% of the net profit attributable to shareholders[142]. - In 2019, the cash dividend was 0.8 RMB per 10 shares, amounting to 454,835,856.56 RMB, with a payout ratio of 47.46%[142]. - In 2018, the cash dividend remained at 0.8 RMB per 10 shares, also totaling 454,835,856.56 RMB, with a payout ratio of 63.22%[142]. Risk Management - The company reported no significant risks for the year and detailed potential risks in the relevant sections of the annual report[9]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[8]. - The company faces risks related to macroeconomic policies, market expansion, and operational costs, which could impact its business activities[135][136][137]. - The company will actively track changes in the domestic and international economic environment to adapt its industrial layout accordingly[135]. Operational Efficiency - The company improved operational efficiency, with a 2% increase in overall water fee recovery rate and a 0.57% decrease in the water supply business's production and sales difference[59]. - The company has achieved a 40% increase in operational efficiency through recent technological upgrades[200]. Investment and Expansion - The company has invested RMB 11.241 billion in domestic projects, with 64 projects currently in construction and operation[46]. - The company plans to invest 50,800 million RMB in the BOT project for the water system upgrade at Hebei Steel, with a designed circulation water scale of 152,297 m³/h[114]. - The company is actively pursuing new strategies in waste recycling, including the production of eco-friendly bricks from waste materials[79]. - The company plans to enhance its market presence through continuous innovation and expansion of its service offerings in solid waste management[79]. Research and Development - In 2020, the company's R&D investment exceeded 100 million yuan for the first time, increasing by 78.58% year-on-year, significantly enhancing its technological innovation capabilities and industry competitiveness[61]. - The company has organized and approved 5 national-level research projects during the reporting period, with a total of 10 ongoing projects[95]. - The company has established 3 pilot bases and 2 testing platforms to support technological innovation[101]. Environmental Commitment - The company is committed to maintaining high standards of safety and environmental protection in all its operations[75]. - The company reported a total discharge of approximately 39,500 tons of Chemical Oxygen Demand (COD) during the reporting period, which is within the allowed standards[168]. - The company achieved a cumulative reduction of environmental pollutants, including approximately 576,600 tons of COD and 18,530 tons of Biochemical Oxygen Demand (BOD5) in 2020[168]. Corporate Governance - The company has appointed Deloitte as its domestic auditor, with an annual audit fee of RMB 1.96 million and an internal control audit fee of RMB 650,000[151]. - The company emphasizes the importance of legal compliance and governance through its legal department led by Liu Huibin[198]. - The board of directors and senior management did not experience any changes in shareholding during the reporting period[194]. Market Outlook - The company aims to achieve carbon peak by 2030 and carbon neutrality by 2060, aligning with national strategies for ecological civilization[128]. - The water and environmental protection industry is expected to experience significant growth due to urbanization and increasing environmental governance demands[129]. - The company plans to focus on integrated watershed management and regional environmental governance as new growth areas[129].

Financial Performance - Operating revenue for the first nine months reached CNY 11.58 billion, a 26.47% increase from the same period last year[5] - Net profit attributable to shareholders increased by 64.09% to CNY 928.25 million year-on-year[5] - Basic earnings per share rose by 64.12% to CNY 0.1633[5] - The company reported a net profit of CNY 790.89 million for the first nine months of 2020, down from CNY 883.07 million in the same period last year, indicating a decrease of about 10.5%[27] - Total operating revenue for Q3 2020 reached approximately $4.62 billion, a 35.6% increase from $3.41 billion in Q3 2019[30] - Net profit for Q3 2020 was approximately $565.51 million, compared to $268.26 million in Q3 2019, representing a 110.8% increase[31] - The total profit for the first three quarters of 2020 was approximately $1.46 billion, a 47.3% increase from $987.62 million in the same period of 2019[31] - The company achieved a total comprehensive income of approximately $724.97 million in Q3 2020, compared to $157.16 million in Q3 2019[32] Assets and Liabilities - Total assets increased by 17.85% to CNY 94.13 billion compared to the end of the previous year[5] - The company's total liabilities increased to RMB 23.559 billion from RMB 18.166 billion at the end of 2019[22] - Total liabilities amounted to CNY 18.67 billion, up from CNY 14.22 billion, indicating a year-over-year increase of about 31.5%[26] - The company's total current assets were CNY 15.62 billion, compared to CNY 11.70 billion in the previous year, indicating an increase of about 33.3%[25] - The company’s total non-current assets reached CNY 26.69 billion, up from CNY 23.52 billion, reflecting an increase of approximately 13.3%[25] - Total current liabilities amounted to approximately $7.58 billion[50] - Total non-current liabilities reached approximately $6.64 billion, contributing to total liabilities of approximately $14.22 billion[50] Cash Flow - Cash flow from operating activities netted CNY 2.56 billion, reflecting a 50.64% increase compared to the previous year[5] - Operating cash flow from operating activities increased by 50.64% to ¥2,556,553,798.25, driven by new operational projects and increased collections in the environmental sector[16] - The net cash flow from operating activities for the first three quarters of 2020 was ¥2,556,553,798.25, compared to ¥1,697,087,420.04 in the same period of 2019, showing improved operational efficiency[38] - Total cash inflow from financing activities reached CNY 21,075,738,432.30, up from CNY 11,307,635,839.56 in Q3 2019, indicating a 86.3% increase[39] - The company reported a net increase in cash and cash equivalents of CNY 4,964,858,969.24 in Q3 2020, compared to a net decrease of CNY 2,644,920,893.34 in Q3 2019[39] Shareholder Information - The total number of shareholders reached 194,624[8] - The largest shareholder, Beijing Capital Group, holds 46.37% of the shares[8] - The company disclosed a rights issue plan to issue 1.71 billion shares, equivalent to 30% of the total shares, to all shareholders[9] - The company successfully completed a rights issue, with 1,655,142,470 shares subscribed, accounting for 97.04% of the total available shares of 1,705,634,462[10] Investments and Acquisitions - The company plans to invest up to HKD 1.1 billion in preferred shares of its subsidiary, Beijing Capital Environment, to enhance its solid waste business[17] - The company acquired water supply assets from Chongzhou Julong Water Co. for a price between RMB 460 million and RMB 510 million, successfully completing the acquisition on August 24, 2020[18] - The company successfully acquired 100% equity of Chengdu Jinqiang Water Co. for RMB 57.076 million, finalizing the transaction on August 14, 2020[18] - The company is investing approximately RMB 29.941 million in the second phase of the Shenzhen Gongming Water Purification Plant PPP project, with a capacity of 100,000 tons per day[18] - The company is also investing RMB 133.633 million in the Copper River Water Environment Governance Project, which includes a total design capacity of 90,000 tons per day[18] Research and Development - Research and development expenses increased by 120.60% to ¥48,177,447.77, reflecting the company's commitment to enhancing R&D efforts[15] - Research and development expenses in Q3 2020 were $20.45 million, significantly higher than $7.60 million in Q3 2019, indicating a focus on innovation[30] - Research and development expenses increased to ¥18,111,215.30 in the first three quarters of 2020, up from ¥5,052,700.38 in the same period of 2019, indicating a focus on innovation[35] Financial Ratios and Metrics - The weighted average return on equity increased by 1.16 percentage points to 4.40%[5] - The company reported a profit margin of 12.2% in Q3 2020, up from 7.9% in Q3 2019[31] - The company achieved a profit margin improvement, with operating profit reaching ¥192,950,745.00 in Q3 2020, compared to ¥137,433,910.78 in Q3 2019[35]

Financial Performance - Operating revenue for the first nine months rose by 20.25% to CNY 9,153,757,423.83 year-on-year[5] - Net profit attributable to shareholders increased by 31.81% to CNY 565,703,797.42 compared to the same period last year[5] - Basic earnings per share increased by 11.80% to CNY 0.0995 compared to the same period last year[5] - Total operating revenue for Q3 2019 was CNY 3,405,485,721.54, an increase of 12.2% compared to CNY 3,032,590,792.62 in Q3 2018[27] - Net profit for Q3 2019 reached CNY 268,260,394.15, a 14.5% increase from CNY 234,173,383.16 in Q3 2018[28] - The company reported a total profit of CNY 375,628,774.29 for Q3 2019, compared to CNY 339,797,471.83 in Q3 2018, marking an increase of 10.5%[28] - The total comprehensive income for Q3 2019 was CNY 157,156,090.86, down from CNY 211,455,748.30 in Q3 2018[29] Assets and Liabilities - Total assets increased by 7.03% to CNY 73,834,560,053.33 compared to the end of the previous year[5] - The company's current assets totaled RMB 12,713.45 million, down from RMB 13,896.79 million year-over-year[18] - Total liabilities rose to ¥49.79 billion, up from ¥45.21 billion, reflecting an increase of about 10.5%[21] - The total liabilities of the company were RMB 17,272.52 million, slightly up from RMB 17,226.89 million year-over-year[20] - The company’s total current liabilities included accounts payable of $27.89 million and other payables of $5.78 billion[44] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 1,697,087,420.04, up 4.73% year-on-year[5] - The company reported a net cash outflow from investing activities of CNY -7,525,807,563.59, an increase of 23.93% compared to the previous year[13] - The net cash flow from operating activities was -228,402,267.64 RMB, an improvement from -453,294,186.66 RMB in the same period last year[36] - The cash inflow from operating activities totaled approximately ¥9.99 billion in the first three quarters of 2019, compared to ¥8.73 billion in the same period of 2018, an increase of 14.4%[33] Investments and Projects - The company plans to invest CNY 44,823,000 in the Longshan Town sewage treatment PPP project, with a total scale of 8.5 tons/day[14] - The company invested RMB 10,117 million in a joint venture to establish Huainan Chuangxin Ecological Environment Co., holding a 90% stake[16] - The company won the bid for the Shenzhou Waste-to-Energy Project, with a design capacity to process 800 tons of waste per day and a 30-year concession period[16] - The company also secured the bid for the Qianjiang Ecological Circular Industry Park project, with total investments of approximately RMB 1.7371 billion for solid waste landfill and RMB 3,223 million for kitchen waste processing[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 213,636[7] - The largest shareholder, Beijing Capital Group Co., Ltd., held 46.06% of the shares[7] Research and Development - Research and development expenses surged by 230.65% to CNY 21,838,826.41, reflecting the company's commitment to enhancing technology[11] - Research and development expenses in Q3 2019 were CNY 7,600,494.12, significantly higher than CNY 2,563,602.85 in Q3 2018, reflecting a 196.5% increase[27] Financial Ratios - The weighted average return on equity decreased by 0.18 percentage points to 3.24%[5] - The company reported a 127.87% increase in non-operating income to CNY 39,265,998.35, primarily due to insurance compensation received[12]

Financial Performance - Operating revenue for the first nine months rose by 20.46% to CNY 7.61 billion year-on-year[7] - Net profit attributable to shareholders increased by 1.44% to CNY 429.20 million compared to the same period last year[7] - Basic earnings per share increased by 1.37% to CNY 0.0890 per share[8] - Total revenue for the third quarter reached ¥3,032,590,792.62, a 41.5% increase from ¥2,145,554,978.93 in the same period last year[51] - Net profit for the first nine months was ¥7,612,067,480.00, compared to ¥6,319,004,195.32 in the previous year, reflecting a growth of 20.5%[51] - Net profit attributable to the parent company reached ¥219.57 million, up from ¥163.61 million year-over-year, reflecting a growth of 34.2%[52] Assets and Liabilities - Total assets increased by 24.66% to CNY 63.57 billion compared to the end of the previous year[7] - The total assets of the company reached RMB 63.57 billion, up from RMB 50.99 billion at the beginning of the year, reflecting a growth of approximately 25%[43] - The company's total liabilities increased to RMB 44.60 billion from RMB 33.86 billion, marking an increase of about 32%[44] - Total liabilities rose to ¥16,913,344,072.56, compared to ¥13,981,783,012.18, marking an increase of 21.5%[48] Cash Flow - Net cash flow from operating activities decreased by 23.90% to CNY 1.62 billion year-to-date[7] - The cash inflow from operating activities for the first nine months reached ¥8,729,609,625.81, an increase of 12.4% compared to ¥7,765,859,388.22 in the previous year[61] - The net cash flow from operating activities decreased to ¥1,620,507,208.29, down 23.9% from ¥2,129,448,922.43 in the same period last year[61] - The cash inflow from financing activities increased to ¥9,400,000,000.00, up 12.6% from ¥8,345,000,000.00 in the previous year[66] Investments and Projects - The company plans to raise a total of RMB 411,274.40 million through a non-public offering, with the funds allocated to various projects including wastewater treatment and water supply[18] - The company will invest RMB 440.34 million in the expansion and upgrading of the Changde sewage treatment plant, with a project scale of 50,000 tons/day for conventional treatment and 200,000 tons/day for advanced treatment[26] - The company will invest approximately RMB 1.07311 billion in the Hefei Shiwuli River sewage treatment PPP project, with a project scale of 300,000 tons/day[28] - The investment for the Cangshan Longjin Yangqi water system comprehensive management project has increased from RMB 1.6 billion to RMB 2.42623 billion[35] Shareholder Information - The total number of shareholders reached 241,174 by the end of the reporting period[10] - The largest shareholder, Beijing Capital Group, holds 54.32% of the shares[11] Research and Development - Research and development expenses increased by 34.14% to RMB 6,604,916.17, indicating a rise in investment in innovation[15] - Research and development expenses for the third quarter were ¥2,563,602.85, slightly down from ¥2,946,274.89, indicating a decrease of 13.0%[51] Financial Ratios - The weighted average return on net assets decreased by 0.73 percentage points to 3.42%[8] - The company's equity attributable to shareholders reached RMB 12.82 billion, compared to RMB 12.48 billion at the beginning of the year, showing an increase of about 2.7%[44]