Financial Performance - Operating revenue for the period was CNY 93,789,912.64, representing an increase of 48.23% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -16,432,275.59, a decrease of 313.34% compared to the same period last year[6] - Basic earnings per share were CNY -0.0067, a decline of 164.42% compared to the previous year[7] - The company’s net profit attributable to shareholders decreased significantly due to increased operational costs and lower revenue from core activities[6] - The company's net loss for Q1 2021 was ¥205,554,076.48, slightly improved from a loss of ¥209,658,514.58 in Q1 2020[31] - The total profit for Q1 2021 was ¥5,666,987.20, a decrease of 81.7% compared to ¥30,910,591.35 in Q1 2020[37] - The company's basic and diluted earnings per share for Q1 2021 were both -¥0.0067, compared to ¥0.0104 in Q1 2020[34] - The company's total comprehensive income for Q1 2021 was -¥11,961,276.39, compared to ¥16,654,238.09 in Q1 2020[34] Cash Flow - The net cash flow from operating activities was CNY -32,295,474.53, showing an improvement from CNY -231,485,291.06 in the previous year[6] - Net cash flow from operating activities was negative at -¥32,295,474.53, an improvement of ¥199,189,816.53 compared to -¥231,485,291.06 in Q1 2020[23] - The cash inflow from operating activities in Q1 2021 was ¥97,406,621.81, an increase of 9.5% from ¥89,046,497.03 in Q1 2020[39] - The company reported a cash flow from sales of goods and services of ¥75,586,584.85 in Q1 2021, compared to ¥56,498,133.78 in Q1 2020[39] - The company reported a total cash outflow from operating activities of 72,993,217.01 RMB in Q1 2021, compared to 256,531,974.17 RMB in Q1 2020[45] - The cash inflow from operating activities was 7,880,432.42 RMB in Q1 2021, a decrease from 39,814,155.65 RMB in Q1 2020[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,677,843,933.81, a decrease of 0.41% compared to the end of the previous year[6] - Current liabilities totaled ¥914,321,622.28, down from ¥964,311,016.12 at the end of 2020[27] - The total liabilities decreased to ¥828,452,468.12 from ¥848,183,888.95, a reduction of 2.8%[31] - The company’s total equity as of March 31, 2021, was ¥3,448,554,481.67, slightly up from ¥3,444,450,043.57 at the end of 2020[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 115,557[12] - The company has a strong shareholder base with multiple funds holding 4,264,300 shares each, indicating diversified investment interest[15] - The company reported a total of 227,312,500 shares held by its largest shareholder, Guozhong (Tianjin) Water Services Co., Ltd., representing a significant portion of the equity structure[14] Operational Costs - Operating costs increased to ¥80,077,003.79, reflecting a rise of ¥28,734,096.72 or 55.97% year-over-year[20] - Total operating costs for Q1 2021 were ¥111,563,484.47, up 35.9% from ¥82,128,760.42 in Q1 2020[32] - Financial expenses surged by 187.07% to ¥1,387,938.84, primarily due to increased loan interest expenses from subsidiaries[20] Government Subsidies and Gains - Non-recurring gains and losses totaled CNY 5,635,841.83, primarily from financial management income and government subsidies[9] - The company received government subsidies amounting to CNY 2,610,607.43, which were closely related to its normal business operations[8] Changes in Assets - Accounts receivable decreased by 1,000,000.00 RMB, reflecting a 100% decline due to the transfer of notes during the period[17] - Prepaid accounts increased by 5,655,876.61 RMB, marking a 36.41% rise primarily due to increased advance payments for engineering by a subsidiary[18] - Other current assets rose by 9,273,385.84 RMB, a 30.68% increase attributed to higher financial investments made during the period[19] - Long-term deferred expenses increased by 1,774,721.84 RMB, a 38.86% rise due to ongoing renovations and related expenditures[19] - Contract liabilities decreased by 11,109,714.22 RMB, a 35.55% decline due to revenue recognition by subsidiaries[19] - Other current liabilities fell by 475,778.38 RMB, reflecting a 36.73% decrease linked to tax settlements related to contract liabilities[19] Research and Development - The company’s research and development expenses for Q1 2021 were ¥1,331,276.42, down from ¥1,508,553.02 in Q1 2020, a decrease of 11.7%[32] Management and Control - The company’s actual controller, Jiang Zhaobai, maintains significant influence over the board, ensuring strategic alignment across subsidiaries[15]

Financial Performance - The company achieved a net profit of RMB 30.54 million for the consolidated financial statements and RMB 52.96 million for the parent company in 2020[4]. - The parent company reported a distributable profit of RMB -20.97 million at the end of 2020, leading to no profit distribution or capital reserve increase for the year[4]. - The company did not extract the statutory surplus reserve fund during the reporting period[4]. - The company's operating revenue for 2020 was CNY 379,100,938.07, a decrease of 29.51% compared to CNY 537,836,212.60 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 30,544,617.77, an increase of 54.72% from CNY 19,741,340.47 in 2019[21]. - The basic earnings per share for 2020 was CNY 0.0189, reflecting a growth of 54.92% compared to CNY 0.0122 in 2019[23]. - The total assets at the end of 2020 were CNY 4,697,084,384.12, a decrease of 1.81% from CNY 4,783,876,778.22 at the end of 2019[21]. - The cash flow from operating activities for 2020 was negative CNY 217,465,063.21, a decline of 314.86% compared to CNY 101,211,212.95 in 2019[21]. - The company reported a net profit of CNY 16,755,727.25 in Q1 2020, but a loss of CNY 5,665,008.39 in Q4 2020[25]. - Non-recurring gains and losses for 2020 totaled CNY 57,366,766.63, compared to CNY 130,133,271.84 in 2019[27]. - The weighted average return on net assets for 2020 was 0.89%, an increase of 0.31 percentage points from 0.58% in 2019[23]. - The company’s total net assets at the end of 2020 were CNY 3,424,428,542.33, a slight increase of 0.04% from CNY 3,423,085,303.72 at the end of 2019[21]. - Total revenue for the year 2020 was 37,338.67 million, a decrease of 30.83% compared to the previous year[60]. - Total operating costs for the year were 25,107.24 million, down 30.83% from the previous year[64]. - The company reported a significant reduction in financial expenses, down 95.92% to 58.68 million RMB from 1,438.41 million RMB[67]. - The company’s income tax expenses rose by 26.79% to 3,246.54 million RMB, primarily due to the reversal of deferred tax assets[67]. Audit and Compliance - The company received a standard unqualified audit report from Zhongzhun Accounting Firm[7]. - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[7]. - The company has not violated decision-making procedures for external guarantees[5]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[109]. - The company has not reported any significant changes in its internal control audit arrangements[108]. - The company has not disclosed any major litigation or arbitration matters that have not been previously announced[109]. - The company has not made any changes to its accounting policies that would significantly impact its financial condition or operating results[104]. - The company has engaged Zhongzhun Accounting Firm for auditing services with a fee of RMB 800,000 for the year[108]. - The company received a standard unqualified opinion in its internal control audit report, indicating compliance with accounting standards[195]. Business Operations - The company’s main business includes wastewater treatment, water supply, and environmental engineering services, operating under BOT, TOT, and BT models[33]. - The total wastewater treatment capacity across seven project companies is 41.34 million tons/day, with an existing capacity of 40.34 million tons/day[34]. - The water supply business operates through one project company with a contractual capacity of 21 million tons/day and an existing capacity of 11 million tons/day[35]. - The environmental engineering services are provided by subsidiaries specializing in water treatment project design, construction, and consulting[36]. - The industry is supported by national policies emphasizing water pollution prevention and ecological protection, creating a favorable market environment for wastewater treatment[38]. - The water supply industry is experiencing increased demand due to urbanization and rising living standards, leading to higher water quality requirements[38]. - The company has established a strong position in the water services industry, leveraging extensive experience in municipal water projects and environmental management[40]. - The company focuses on innovation and technology development to enhance its capabilities in the environmental sector[42]. - The company is actively pursuing investment and acquisition opportunities in the global environmental technology and health sectors[46]. - The company is actively upgrading its wastewater treatment facilities to meet national standards, with several projects achieving stable operations and price adjustments[50]. - The company is committed to environmental protection and has implemented measures to ensure compliance with national pollution discharge standards across its projects[144]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[20]. - The company is actively pursuing investment opportunities in the health and wellness industry, which is supported by government policies and is expected to grow significantly[89]. - The company aims to optimize its business structure and improve operational efficiency to meet the increasing market demand for diversified and systematic services[90]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 500 million RMB allocated for potential deals[171]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 10%[171]. - The company is exploring high-growth emerging markets and sectors through joint ventures and acquisitions, acknowledging the uncertainties involved[97]. Employee and Management - The total number of employees in the company and its main subsidiaries is 716, with 39 in the parent company and 677 in subsidiaries[178]. - The total compensation for all directors, supervisors, and senior management personnel at the end of the reporting period is 502.34 million[177]. - The company has established a performance-oriented compensation policy, linking performance results closely with salary adjustments and bonus distributions[180]. - A comprehensive training plan is in place, targeting new employees, current staff, and management, aimed at enhancing overall employee skills and corporate management levels[181]. - The company has a well-defined governance structure, including a board of directors with 9 members, 3 of whom are independent directors, ensuring effective checks and balances[185]. Legal and Regulatory Matters - The company faced a significant lawsuit involving a claim for RMB 21,702,869.50, which was settled in 2020, resulting in an increase in pre-tax profit by RMB 34,664,888.24[110]. - The company has initiated arbitration proceedings to recover funds due to the respondent's failure to pay[111]. - The company is actively pursuing legal action to protect its rights and recover outstanding payments[111]. - The company has not disclosed any significant penalties or rectifications for its directors, supervisors, or senior management during the reporting period[114]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,571, reflecting a slight increase from the previous month[157]. - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 227,312,500 shares, representing 13.74% of total shares, with 227,000,000 shares pledged[160]. - The second largest shareholder, Lhasa Economic and Technological Development Zone Houkang Industrial Co., Ltd., holds 158,648,700 shares, accounting for 9.59% of total shares, with 90,648,700 shares pledged[160]. - The actual controller, Jiang Zhaobai, is also the chairman of Pengxin Group and has controlling interests in other listed companies[164]. Financial Management and Investments - The company has engaged in various wealth management activities, including a total of CNY 700 million in asset management plans[122]. - The company has invested CNY 320 million in short-term RMB wealth management products[122]. - The company has a total of CNY 200 million in bill wealth management products[122]. - The company raised a total of RMB 951,892,320.00 from a private placement of 198,310,900 shares at RMB 4.80 per share, with a net amount of RMB 922,342,009.10 after deducting issuance costs[131]. - The company redirected RMB 67.36 million of the raised funds, accounting for 64.55% of the original project investment, to the "Nanjing Sewage Treatment Project" to cover funding gaps[131]. Environmental Compliance and Monitoring - The company has implemented a comprehensive environmental monitoring scheme in line with national standards across its operational projects[146][150]. - The company’s wastewater treatment projects are subject to rigorous monitoring and testing protocols to ensure compliance with environmental regulations[147][149][151]. - Automatic monitoring of key pollutants such as COD, total phosphorus, total nitrogen, and ammonia nitrogen is conducted every two hours at the Qinhuangdao and Ma'anshan projects, with real-time data published online[147][149]. - Manual testing for wastewater pollutants is performed monthly, including parameters like pH, BOD, and heavy metals, across various projects[148][149][151].

证券代码：600187 证券简称：国中水务 编号：临 2020-059 黑龙江国中水务股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，黑龙江国中水务股份有限公司（以下简称"公司"）将参加由黑龙 江省上市公司协会、深圳市全景网络有限公司共同举办的"黑龙江省上市公司 2020 年度投资者网上集体接 待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行，投资者可以登录"全景• 路演天下"网站（http://rs.p5w.net）参与公司本次投资者集体接待日活动，时间为 2020 年 11 月 12 日 14:00 至 16:30。 届时公司财务总监章韬先生将通过网络在线问答互动的形式，与投资者就公司治理、发展经营情况、 融资情况和可持续发展等投资者关注的问题进行交流。期间，公司高管将全程在线，实时回答投资者的提 问。 欢迎广大投资者积极参与。 特此公告。 黑龙江国中水务股份有限公司 董事会 20 ...

Financial Performance - Operating revenue for the first nine months was CNY 213,266,363.44, down 24.82% year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 36,209,626.16, an increase of 37.33% compared to the same period last year[7] - Basic earnings per share rose by 40.88% to CNY 0.0224[7] - Total operating revenue for Q3 2020 was ¥75,926,114, a decrease of 27.1% compared to ¥104,175,034.93 in Q3 2019[44] - Net profit for the first three quarters of 2020 was a loss of ¥201,723,818.28, an improvement from a loss of ¥262,621,102.36 in the same period of 2019[42] - The net profit for Q3 2020 reached CNY 15,391,139.63, compared to CNY 6,337,614.22 in Q3 2019, reflecting a growth of 142.5%[49] - The total profit for Q3 2020 was CNY 26,101,569.91, significantly higher than CNY 6,337,614.22 in the same period last year[48] - The total comprehensive income for the first three quarters of 2020 was CNY 40,986,126.58, compared to CNY 71,768,894.65 in the same period of 2019[49] Cash Flow and Liquidity - Cash flow from operating activities showed a negative value of CNY -210,537,111.19, compared to CNY -12,841,536.23 in the same period last year[7] - The company reported a net cash outflow from operating activities of CNY -210,537,111.19, worsening by CNY -197,695,574.96 compared to the previous year[17] - The cash inflow from operating activities was CNY 301,942,584.21, a decrease of 32% compared to CNY 443,090,824.42 in the same period of 2019[50] - The company's cash and cash equivalents decreased by 59.30% from CNY 781,235,540.04 at the beginning of the year to CNY 317,950,008.38 at the end of the reporting period[12] - The company's cash and cash equivalents at the end of the period were CNY 317,950,008.38, down from CNY 485,892,414.16 at the end of Q3 2019[51] - The total cash outflow from operating activities was CNY 512,479,695.40, which is an increase of 12% compared to CNY 455,932,360.65 in the same period of 2019[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,716,689,549.75, a decrease of 1.40% compared to the end of the previous year[7] - The company's current liabilities totaled RMB 943,160,015.28 as of September 30, 2020, compared to RMB 1,038,825,672.74 at the end of 2019[36] - Total liabilities decreased to ¥845,877,056.18 from ¥888,101,468.61 year-over-year[41] - The company's total assets amounted to RMB 4,716,689,549.75, a decrease from RMB 4,783,876,778.22 at the end of 2019[35] - The total liabilities reached CNY 1,331,795,572.24, with current liabilities at CNY 1,038,825,672.74 and non-current liabilities at CNY 292,969,899.50[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 121,075[10] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., held 227,312,500 shares, accounting for 13.74% of total shares[10] - The company received government subsidies amounting to CNY 17,529,975.61, primarily related to its subsidiary operations[9] Investment and Financing Activities - The net cash flow from investing activities improved by CNY 113,838,983.34, from CNY -399,834,437.16 to CNY -285,995,453.82[17] - The net cash flow from financing activities turned positive at CNY 33,264,290.60, a significant improvement of CNY 227,500,268.84 compared to the previous year[17] - The company raised a total of RMB 951,892,320.00 from a non-public stock issuance of 198,310,900 shares at RMB 4.80 per share, with a net amount of RMB 922,342,009.10 after deducting issuance costs[30] Other Financial Metrics - The weighted average return on equity increased by 0.29 percentage points to 1.06%[7] - Financial expenses decreased by 77.08%, from CNY 10,550,637.44 to CNY 2,418,272.94, primarily due to reduced interest expenses[15] - The company recorded an increase in credit impairment losses by 83.16%, from CNY 18,621,981.69 to CNY 34,107,830.66[14] - The company incurred credit impairment losses of CNY 12,500.00 in Q3 2020, a decrease from CNY 81,268.85 in Q3 2019[48]

Financial Performance - The company's operating revenue for the first half of the year was ¥137,340,249.44, a decrease of 23.48% compared to ¥179,490,731.52 in the same period last year[20]. - Net profit attributable to shareholders was ¥28,186,909.77, representing an increase of 110.73% from ¥13,375,865.88 in the previous year[21]. - Basic earnings per share increased by 116.05% to ¥0.0175 from ¥0.0081 in the same period last year[22]. - The total profit for the period was 26.55 million RMB, representing a year-on-year increase of 35.90%[44]. - The company processed 61.62 million tons of wastewater, a decrease of 17.39% compared to the previous year[45]. - The water supply volume was 14.46 million tons, down 17.90% year-on-year, while the sales volume was 11.42 million tons, a decrease of 15.62%[45]. - Operating revenue decreased by 23.48% to RMB 137.34 million, primarily due to the disposal of subsidiaries and reduced income from some subsidiaries affected by the pandemic[51]. - Operating costs decreased by 15.56% to RMB 99.74 million, reflecting the same factors affecting revenue[51]. - The company reported a net profit of RMB 1,005.79 million for Dongying Guozhong Environmental Technology Co., Ltd. in the first half of 2020[65]. Assets and Liabilities - Total assets decreased by 1.35% to ¥4,719,090,645.86 from ¥4,783,876,778.22 at the end of the previous year[21]. - The company's total assets as of June 30, 2020, were CNY 4,719,090,645.86, down from CNY 4,783,876,778.22, a decrease of 1.4%[134]. - Total liabilities decreased to CNY 1,256,712,616.56 from CNY 1,331,795,572.24, reflecting a reduction of 5.6%[134]. - The company's total equity increased slightly to CNY 3,462,378,029.30 from CNY 3,452,081,205.98, a rise of 0.3%[134]. - The total liabilities and equity at the end of the reporting period amount to 3,506,730,723.96, compared to 3,498,450,643.22 in the previous period[156]. Cash Flow - The net cash flow from operating activities was negative at RMB -248.31 million, impacted by bidding guarantee payments and reduced income from subsidiaries due to the pandemic[52]. - The company's cash flow from financing activities improved to RMB 36.54 million, compared to a negative RMB -222.69 million in the previous period[52]. - The net cash flow from operating activities for the first half of 2020 was -280,720,056.21 RMB, compared to -88,021,138.26 RMB in the same period of 2019[150]. - The total cash inflow from operating activities included 6,300,000.00 RMB from sales of goods and services[149]. - The total cash inflow from investment activities was 326,223,073.02 RMB, while cash outflow was 200,070,000.00 RMB, resulting in a net cash flow of 126,153,073.02 RMB[150]. Corporate Governance and Compliance - The financial report has been declared true, accurate, and complete by the company's responsible personnel, including the CEO and accounting head[7]. - The company has maintained a commitment to avoid any direct or indirect competition with its main business operations through its controlled enterprises[79]. - The company has not experienced any significant litigation or arbitration matters during the reporting period, aside from those already disclosed[79]. - The company has confirmed that all funds for the non-public issuance of shares will come from self-owned or self-raised funds, ensuring no indirect funding from the company[77]. - The company has adhered to the lock-up period for shares issued in the non-public offering, which lasts for 36 months[77]. Strategic Initiatives - The company is actively pursuing strategic transformation and expanding into the health industry while optimizing its environmental protection business[46]. - The company plans to actively invest in high-tech, high-growth emerging markets through joint ventures, partnerships, and acquisitions[72]. - The company established a joint venture with Shanghai Pengdu Health Technology Development Co., focusing on the construction and operation of medical care-oriented elderly care institutions[46]. - The company has terminated a major asset restructuring plan due to significant changes in the financial status and operating results of the target company, Chengdu Renxin Technology Co., Ltd.[47][48]. Environmental Compliance - The company is listed as a key pollutant discharge unit by the environmental protection department for its wastewater projects in Qinhuangdao, Taiyuan, Ma'anshan, and Dongying[91]. - The company has implemented automatic monitoring for key pollutants, ensuring real-time compliance with environmental standards across all wastewater projects[105]. - The company has established emergency response plans for environmental incidents across its wastewater treatment projects, enhancing operational safety and compliance[104]. - The automatic monitoring frequency for wastewater projects in Ma'anshan and Dongying is every two hours, with real-time data published on the city's online monitoring platform[109][110]. Shareholder Information - The total number of ordinary shareholders as of the reporting period end is 114,198[119]. - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 227,312,500 shares, representing 13.74% of total shares[121]. - The company has established relationships with several funds, including Bosera Fund and E Fund, which are significant shareholders[123]. - The report emphasizes the importance of shareholder relationships and their impact on corporate governance and decision-making[123]. Accounting Policies - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial statement adjustments without retroactive changes to comparable periods[112]. - The company follows the enterprise accounting standards, ensuring that financial statements reflect its financial position and operating results accurately[171]. - The company has established specific accounting policies for revenue recognition and research and development expenditures[170]. - The company has not reported any significant changes in accounting policies or prior period error corrections during the current period[159].

Financial Performance - Operating revenue decreased by 25.24% to CNY 63,274,131.59 year-on-year[5] - Net profit attributable to shareholders was CNY 16,755,727.25, a significant recovery from a loss of CNY 1,344,925.38 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.0104, recovering from a loss of CNY -0.0008 in the same period last year[5] - The company reported a net loss of ¥198,770,084.94, an improvement from a loss of ¥215,525,812.19 in the previous period[36] - The company’s total comprehensive income for the period was 28,732,318.51 RMB, compared to 6,656,239.60 RMB in the previous year, reflecting a substantial increase[48] Cash Flow - The net cash flow from operating activities was negative at CNY -231,485,291.06, compared to CNY -44,684,194.66 in the previous year[5] - In Q1 2020, the net cash flow from operating activities was -RMB 231.49 million, a decrease of RMB 186.80 million compared to Q1 2019[23] - The company experienced a cash outflow of 320,531,788.09 RMB from operating activities, which is a substantial increase from 139,279,415.71 RMB in Q1 2019, representing a rise of about 130%[52] - The net cash flow from financing activities was 36,933,917.85 RMB, a recovery from -8,465,010.18 RMB in Q1 2019, showing a positive shift in financing[52] Assets and Liabilities - Total assets increased by 1.16% to CNY 4,839,513,921.51 compared to the end of the previous year[5] - Current assets totaled ¥2,620,305,160.44, compared to ¥2,582,879,926.34 at the end of 2019, indicating an increase of about 1.44%[34] - Total liabilities amounted to ¥1,370,778,477.44, up from ¥1,331,795,572.24, reflecting an increase of about 2.9%[36] - Long-term borrowings increased to ¥194,480,000.00 from ¥162,000,000.00, representing a growth of approximately 20%[36] Shareholder Information - The total number of shareholders reached 117,861, indicating a stable shareholder base[9] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 13.74% of shares, with a significant portion pledged[9] - The actual controller's companies released 198,310,900 shares for circulation, accounting for 11.99% of the total share capital[19] Investment and Expenses - The company reported an investment income of CNY 31,049,078.08, a 302.50% increase compared to CNY 7,714,105.37 in the same period last year[15] - Tax expenses decreased by 65.92%, from CNY 7,240,679.99 to CNY 2,467,270.83[15] - Financial expenses dropped by 86.42%, from CNY 3,560,526.10 to CNY 483,476.49[15] Operational Focus - The company is focusing on enhancing its financial performance and operational efficiency in the upcoming quarters[5] - The company is pursuing arbitration against Dongying government for unpaid sewage treatment fees amounting to RMB 46.67 million, with an additional RMB 64.34 million deemed uncollectible[28] - The company is in the process of a major asset acquisition of Chengdu Renxin Technology Co., acquiring 52.53% of its shares, with ongoing negotiations for compliance adjustments[30] Changes in Capital Structure - The company reduced its registered capital from RMB 801 million to RMB 571 million, with a return of RMB 102.11 million received on April 14, 2020[21] - The company plans to establish a joint venture with Shanghai Pengdu Health Technology Development Co., with a registered capital of RMB 100 million, where Pengdu Health will contribute RMB 80 million[22] Other Financial Metrics - The weighted average return on equity was 0.49%, up from -0.04% year-on-year[5] - Non-recurring gains and losses totaled CNY 9,053,496.90, with significant contributions from financial investment income[8] - The company’s research and development expenses for Q1 2020 were CNY 1,508,553.02, slightly up from CNY 1,334,193.72 in Q1 2019[43]

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 19.74 million, while the parent company's net profit was RMB 98.09 million[4]. - The parent company reported a distributable profit of RMB -26.26 million at the end of 2019, leading to a decision not to distribute profits or increase capital reserves[4]. - The company did not extract statutory surplus reserves and had an undistributed profit of RMB -36.08 million at the beginning of the year[4]. - The company's operating revenue for 2019 was approximately ¥537.84 million, representing a 14.27% increase compared to ¥470.66 million in 2018[23]. - The net profit attributable to shareholders for 2019 was approximately ¥19.74 million, an increase of 89.85% from ¥10.40 million in 2018[23]. - The basic earnings per share for 2019 was ¥0.0122, reflecting a 93.65% increase compared to ¥0.0063 in 2018[22]. - The net cash flow from operating activities decreased by 40.08% to approximately ¥101.21 million in 2019 from ¥168.90 million in 2018[23]. - The total assets at the end of 2019 were approximately ¥4.78 billion, a decrease of 5.87% from ¥5.08 billion at the end of 2018[23]. - The company reported a significant decline in the net profit after deducting non-recurring gains and losses, which was approximately -¥110.39 million in 2019 compared to ¥2.90 million in 2018[23]. - The weighted average return on equity for 2019 was 0.58%, an increase of 0.28 percentage points from 0.30% in 2018[22]. Operational Overview - The company operates primarily in wastewater treatment, water supply, and environmental engineering services, utilizing BOT, TOT, and BT models[29]. - The company's wastewater treatment business operates through 11 project companies, with a total processing capacity of 68.59 million tons per day, while the current processing capacity is 62.59 million tons per day[30]. - The water supply business is conducted through 2 project companies, with a total designed capacity of 51.00 million tons per day, and the current processing capacity is 16.00 million tons per day[31]. - The company has a strong position in the water services industry, leveraging extensive experience in municipal water construction and operation, and has successfully expanded its wastewater treatment and water supply services across regions[36]. - The company emphasizes innovation in environmental technology, continuously fostering core technical teams and enhancing research platforms to capture market trends and new opportunities[39]. - The company maintains a stable operational model in the water services sector, which is less affected by economic cycles, benefiting from urbanization and increased environmental regulations[35]. Investment and Acquisitions - The company actively seeks investment and acquisition opportunities in the global environmental industry, enhancing its ability to integrate resources and expand into domestic and international markets[42]. - The company acquired the remaining equity of Bicheng Technology, making it a wholly-owned subsidiary, focusing on clean energy transformation projects[47]. - The company plans to acquire a controlling stake in Chengdu Renxin Technology Co., Ltd., pending regulatory approvals[49]. - The company completed a share buyback of 40,154,025 shares, accounting for 2.43% of total share capital, with a total expenditure of approximately 120.53 million yuan[50]. - The company is optimizing its traditional water service sector while exploring opportunities in the new energy industry[47]. Revenue and Cost Analysis - The main business income from sewage treatment was 240.42 million yuan, an increase of 13.55% year-on-year[46]. - The main business income from water supply was 67.69 million yuan, a decrease of 34.46% year-on-year[46]. - Revenue from water sales decreased by 34.46% year-on-year, primarily due to the disposal of Dongying and Qianzi Mountain water supply operations[57]. - Revenue from wastewater treatment increased by 13.55% year-on-year, attributed to water fee adjustments in Taiyuan, Qinhuangdao, and Qinghai[57]. - Engineering service revenue surged by 152.67% year-on-year, driven by significant increases in revenue from Zhongke Guoyi and Hanjiang Industrial engineering services[57]. - Total costs for water sales decreased by 37.75% year-on-year, with raw material costs dropping by 96.63% due to the exclusion of disposed operations from the consolidation scope[59]. - Wastewater treatment raw material costs increased by 29.68% year-on-year, influenced by upgrades in wastewater treatment projects and higher water quality standards[61]. - The total cost of wastewater treatment remained relatively stable, with a slight decrease of 0.27% year-on-year[61]. - The total cost of main business operations increased by 13.63% year-on-year, reaching 36,298.98 million[60]. Legal and Compliance Issues - The company is involved in a significant lawsuit regarding a loan guarantee, with the original loan amount being CNY 50 million and the total amount claimed, including interest, reaching CNY 56,581,487.5[126]. - The company has a pending civil lawsuit where it is being asked to repay CNY 21,702,869.5 in principal and accrued interest of approximately CNY 12,747,964.57, totaling CNY 34,450,833.57[126]. - The company has faced administrative penalties amounting to CNY 100,000, which it is contesting in court due to alleged procedural errors and lack of evidence[128]. - The company has retained Zhongzhun Accounting Firm for auditing services, with a remuneration of CNY 80,000 for the audit period[125]. - The company has not faced any risks of suspension or termination of its listing status[125]. Future Outlook and Strategic Initiatives - The company plans to enhance its wastewater treatment capacity in Anhui and Shaanxi provinces, with expected production in 2020[84]. - The company is focusing on expanding into emerging environmental sectors such as solid waste treatment and resource recycling, driven by national policies promoting waste management[105]. - The company plans to enhance its competitive edge by optimizing existing water and environmental projects and pursuing mergers and acquisitions to inject high-quality assets[106]. - The company aims to improve its project construction capabilities and market expansion efforts, particularly in the environmental EPC engineering business[107]. - The company is committed to developing urban mineral resource recycling projects as part of its strategic transformation[106]. Shareholder and Governance Information - The company has not encountered any significant accounting errors that would require correction during the reporting period[124]. - The company has not made any changes to accounting estimates during the reporting period[123]. - The company has not reported any occupied funds or progress in debt recovery during the reporting period[122]. - The company has not received any non-standard audit opinions from its accounting firm[122]. - The company has not indicated any plans for mergers or acquisitions in the current reporting period[125].

Financial Performance - Net profit attributable to shareholders increased by 177.45% to CNY 26,366,048.95 for the first nine months of the year[9] - Operating revenue decreased by 3.35% to CNY 283,665,766.45 for the first nine months of the year[9] - Basic earnings per share increased by 178.95% to CNY 0.0159 per share[9] - The company reported a net loss of CNY 37,063,324.14 after deducting non-recurring gains and losses for the first nine months[9] - The company reported a net loss of CNY 217,508,642.44, an improvement from a loss of CNY 235,217,666.39 in the previous year[40] - Net profit for Q3 2019 was ¥11,645,626.78, compared to ¥7,310,399.03 in Q3 2018, reflecting a growth of approximately 59.5%[44] - The total comprehensive income attributable to the parent company for Q3 2019 was ¥14,092,805.72, compared to ¥9,636,001.57 in Q3 2018, indicating a 46.5% increase[45] Cash Flow - Net cash flow from operating activities decreased by 128.97% to CNY -12,841,536.23 for the first nine months of the year[9] - The net cash flow from operating activities decreased by 128.97%, amounting to -12,841,536.23 RMB compared to 44,329,999.60 RMB in the previous year[32] - The cash flow from operating activities for the first three quarters of 2019 was negative at -¥12,841,536.23, compared to a positive ¥44,329,999.60 in the same period of 2018[51] - The total cash inflow from investment activities was 989,520,437.11 RMB, while cash outflow was 1,183,907,458.93 RMB, resulting in a net cash flow of -194,387,021.82 RMB[54] - The total cash inflow from investment activities in Q3 2019 was 1,050,845,343.73 RMB, while cash outflow was 1,450,679,780.89 RMB, resulting in a net cash flow of -399,834,437.16 RMB[52] Assets and Liabilities - Total assets decreased by 6.45% to CNY 4,753,663,545.97 compared to the end of the previous year[9] - The company's cash and cash equivalents decreased by 55.54%, from RMB 1,092,783,662.72 to RMB 485,892,414.16, primarily due to repayment of bank loans and increased investments in asset management projects[15] - The company's prepaid expenses increased significantly by 490.62%, from RMB 26,508,157.08 to RMB 156,563,802.74, mainly due to a RMB 90 million payment for housing prepayments[15] - The company’s long-term equity investments decreased by 84.97%, from RMB 34,954,896.41 to RMB 5,252,697.74, due to changes in subsidiary ownership[15] - The company’s total liabilities decreased significantly, with current liabilities due within one year dropping by 88.17%, from RMB 234,200,000.00 to RMB 27,700,000.00, as a result of loan repayments[15] - Total liabilities were CNY 1,269,435,866.51, down from CNY 1,582,743,776.98, showing a reduction of about 19.74%[40] - The total liabilities and shareholders' equity amounted to CNY 4,582,660,214.96, indicating a balanced sheet[63] Shareholder Information - The total number of shareholders reached 125,085 by the end of the reporting period[11] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 13.74% of the shares[11] Investment and Acquisitions - The company plans to acquire 52.53% equity in Renxin Technology through a cash payment for 35,298,500 shares and subscription of 27,660,000 newly issued shares[33] - The company is negotiating a supplementary agreement regarding the major asset acquisition of Renxin Technology, with specific terms still under discussion[33] - The company completed a share repurchase of 40,154,025 shares, accounting for 2.43% of the total share capital, with a total expenditure of 120,527,510.56 RMB[34] Other Financial Metrics - The weighted average return on equity increased by 0.5 percentage points to 0.77%[9] - Research and development expenses for the first three quarters of 2019 amounted to ¥3,789,437.18, compared to ¥3,247,552.19 in the same period of 2018, an increase of about 16.6%[43] - The company’s investment income for the first three quarters of 2019 was ¥37,951,651.07, up from ¥32,530,835.94 in the same period of 2018, representing a growth of approximately 16.3%[44]

Financial Performance - The company's operating revenue for the first half of the year was CNY 179,490,731.52, a decrease of 12.85% compared to CNY 205,948,049.86 in the same period last year [23]. - The net profit attributable to shareholders increased significantly to CNY 13,375,865.88, up 537.82% from CNY 2,097,111.06 year-on-year [23]. - The basic earnings per share rose to CNY 0.0081, reflecting a 523.08% increase from CNY 0.0013 in the previous year [25]. - The weighted average return on equity improved to 0.38%, an increase of 0.32 percentage points compared to 0.06% in the same period last year [25]. - The net cash flow from operating activities was negative at CNY -17,104,356.47, a decline of 148.55% from CNY 35,226,812.14 in the previous year [24]. - Total assets decreased by 6.84% to CNY 4,733,571,693.77 from CNY 5,081,194,420.20 at the end of the previous year [24]. - Non-recurring gains totaled CNY 44,729,083.14, primarily from the disposal of non-current assets and government subsidies [26]. - Operating revenue decreased by 12.85% to RMB 179.49 million compared to the previous year, primarily due to the sale of subsidiaries [54]. - Operating costs decreased by 11.87% to RMB 118.12 million, also attributed to the sale of subsidiaries [54]. - Financial expenses decreased by 40.93% to RMB 6.57 million due to a reduction in loan principal [54]. - The company reported a total cash inflow from operating activities of 70,044,008.66 RMB, down from 355,592,383.08 RMB in the first half of 2018 [141]. Corporate Governance - The financial report has been declared true, accurate, and complete by the responsible persons [6]. - The board of directors attended the board meeting in full [5]. - The report has not been audited [6]. - The company plans not to distribute profits or increase capital reserves during the reporting period [7]. - The company held three shareholder meetings in 2019, including one annual and two extraordinary meetings [76]. - The actual controller of the company committed to fulfill obligations related to the issuance of shares and to consolidate control over the company within 36 months from March 1, 2020 [78]. - The company confirmed that all funds for the non-public issuance of shares will come from self-owned or self-raised funds, with no direct or indirect funding from the company itself [78]. - The company will not introduce new investors or shareholders during the lock-up period from March 2, 2017, to March 1, 2020, ensuring the final equity structure remains unchanged [79]. Legal Matters - The company has ongoing significant litigation matters, including a civil lawsuit involving a loan agreement with a borrowing amount of 5 million [80]. - The company has a guarantee liability of RMB 56,581,487.5 due to the failure of Guozhong Water to repay the loan [81]. - The company has filed an arbitration request for the recovery of unpaid sewage treatment service fees and related costs [81]. - The company is seeking the return of an investment and merger earnest money of RMB 5,000,000 and related fees from Shanghai Deno [81]. - The company has initiated legal proceedings against two defendants for the repayment of RMB 21,702,869.5 in principal and overdue interest [81]. - The company has faced disputes related to the cooperation framework agreement with Shanghai Deno and Jiangsu Deno [81]. - The company has submitted an arbitration application to the Shanghai International Economic and Trade Arbitration Commission [81]. - The company is currently negotiating a settlement with the Heilongjiang Provincial High Court regarding a previous case [81]. - The company has been involved in multiple legal disputes, including a case awaiting trial related to unpaid sewage treatment fees [81]. Environmental and Operational Strategy - The company emphasizes the integration of water supply and wastewater treatment services, enhancing its core competitiveness through a comprehensive environmental governance solution [38]. - The company is actively pursuing project upgrades and optimizations to ensure compliance with environmental standards and improve operational efficiency [46]. - The company is focused on expanding into emerging urban and rural markets, where significant growth potential remains [34]. - The company maintains a stable position in the water services industry, characterized by strong demand and low cyclicality [35]. - The company is committed to continuous innovation in technology and project management to enhance its service offerings and operational capabilities [40]. - The company has established a comprehensive water quality monitoring system to ensure compliance with discharge standards [99]. - The company has five pollution prevention construction projects underway, including upgrades and installations in Ma'anshan, which are expected to meet Class A discharge standards [94]. Shareholder and Equity Information - The company repurchased 40,154,025 shares, accounting for 2.43% of total share capital, with a total expenditure of approximately RMB 120.53 million [51]. - The total number of ordinary shareholders reached 130,064 by the end of the reporting period [112]. - The top ten shareholders held a total of 13.74% and 9.59% of shares respectively, with the largest shareholder being Guozhong (Tianjin) Water Co., Ltd. [114]. - The company has a total of 229,276,500 restricted shares, with no changes during the reporting period [111]. - The repurchased shares will be used for future employee stock ownership plans and equity incentive plans, with no immediate impact on earnings per share [108]. - The total equity attributable to the parent company at the end of the reporting period is CNY 3,506,730,723.96, compared to CNY 3,656,488,797.56 at the end of the previous year, reflecting a decrease of approximately 4.1% [145]. Market and Industry Outlook - The company anticipates risks related to macroeconomic and industry policy changes, which could significantly impact market demand and operational activities [69]. - The water industry is experiencing increased competition and consolidation, with projects shifting towards smaller cities, posing challenges for the company's expansion [70]. - The company plans to invest in high-tech and high-growth emerging markets through joint ventures and acquisitions, which carry inherent uncertainties [73]. Accounting and Financial Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations in the next 12 months [155]. - The company adheres to the accounting policies and estimates in accordance with the relevant enterprise accounting standards, particularly for revenue recognition and research and development expenditures [155]. - The company follows specific accounting treatments for business combinations, distinguishing between same-control and non-same-control mergers [160]. - The company applies the equity method for investments in joint ventures, recognizing its share of assets, liabilities, and income [169]. - The company recognizes financial assets based on the degree of continued involvement, confirming liabilities accordingly when risks and rewards are not fully transferred [182].

证券代码：600187 证券简称：国中水务 编号：临 2019-056 黑龙江国中水务股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，黑龙江国中水务股份有限公司（以下简称"公司"）将参加由黑龙 江省上市公司协会、深圳市全景网络有限公司共同举办的"2019 年黑龙江省上市公司投资者网上集体接待 日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行，投资者可以登录"全景• 路演天下"网站（http://rs.p5w.net）参与公司本次投资者集体接待日活动，时间为 2019 年 6 月 19 日（周三） 14:00 至 16:30。 届时公司董事、总裁丁宏伟先生将通过网络在线问答互动的形式，与投资者就公司治理、发展经营情 况、融资情况和可持续发展等投资者关注的问题进行交流。期间，公司高管将全程在线，实时回答投资者 的提问。 欢迎广大投资者积极参与。 特此公告。 黑龙江国中水务股份有限公司 董事会 ...