Financial Performance - The company's operating revenue for Q1 2023 was CNY 402,802,192.04, representing an increase of 8.43% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 59,896,868.83, showing a significant increase of 84.78% year-on-year[5]. - The net profit after deducting non-recurring gains and losses reached CNY 47,105,529.36, up by 112.68% compared to the previous year[5]. - The basic earnings per share for the period was CNY 0.17, reflecting an increase of 88.89% year-on-year[6]. - Net profit for Q1 2023 reached CNY 73,038,041.37, representing a 55.5% increase compared to CNY 47,007,104.63 in Q1 2022[22]. - Operating profit for Q1 2023 was CNY 91,580,247.69, up 53.8% from CNY 59,539,100.51 in the same period last year[22]. - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[21]. - The company reported investment income of CNY 11,418,289.29 in Q1 2023, recovering from a loss of CNY 12,563,522.27 in Q1 2022[22]. - The company reported investment income of CNY 93,621,701.08 in Q1 2023, a significant recovery from an investment loss of CNY 8,900,902.39 in Q1 2022[34]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 6,952,699,232.31, a slight increase of 0.85% from the end of the previous year[6]. - Current assets as of March 31, 2023, totaled RMB 1,782,383,152.60, up from RMB 1,667,448,162.56 at the end of 2022, reflecting a growth of 6.9%[16]. - Total assets reached RMB 6,952,699,232.31 as of March 31, 2023, compared to RMB 6,893,859,238.08 at the end of 2022, indicating an increase of 0.9%[18]. - Total liabilities amounted to RMB 4,044,044,181.71, slightly up from RMB 4,037,338,228.85 at the end of 2022[18]. - The total liabilities decreased to CNY 896,369,999.09 from CNY 907,448,864.67 in the previous period[31]. - The company's total equity increased to CNY 1,932,013,878.76 from CNY 1,831,864,523.30 in the previous period[31]. Cash Flow - The net cash flow from operating activities decreased by 55.98% to CNY 60,353,035.75, primarily due to a reduction in cash received from sales[11]. - Cash flow from operating activities for Q1 2023 was CNY 60,353,035.75, down 56.0% from CNY 137,104,472.29 in Q1 2022[26]. - Cash outflow from investment activities in Q1 2023 was CNY 105,927,469.07, compared to CNY 115,788,377.80 in Q1 2022, showing a decrease of 8.0%[26]. - The net cash flow from financing activities was CNY 30,479,866.73, a decrease of 84.9% from CNY 189,696,528.41 in the previous period[27]. - The company's cash and cash equivalents were RMB 791,968,723.81 as of March 31, 2023, compared to RMB 756,253,374.93 at the end of 2022, representing a growth of 4.7%[16]. - The company's total cash and cash equivalents balance was CNY 67,773,658.93 at the end of Q1 2023, down from CNY 334,830,397.05 at the end of Q1 2022, reflecting a decrease of about 79.8%[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,944[12]. - The largest shareholder, China Water Investment Co., Ltd., held 33.55% of the shares, totaling 118,436,629 shares[13]. Operational Costs and Expenses - Total operating costs for Q1 2023 were CNY 340,969,855.02, an increase of 13.3% from CNY 300,810,047.33 in Q1 2022[22]. - The company's retained earnings rose to RMB 646,946,418.01 from RMB 587,049,549.18, reflecting an increase of 10.1%[18]. - Research and development expenses increased significantly to CNY 1,361,502.39, compared to CNY 147,114.89 in Q1 2022, marking an increase of 829.5%[22]. - The company incurred financial expenses of CNY 11,403,780.12 in Q1 2023, up from CNY 10,638,260.66 in Q1 2022, indicating an increase of 7.2%[22]. - The company's financial expenses decreased to CNY 5,726,983.62 in Q1 2023 from CNY 6,515,697.10 in Q1 2022, reflecting a reduction of about 12.1%[34]. Market Strategy - The company is focusing on market expansion and new product development, although detailed strategies were not specified in the provided content[21].

Financial Performance - The company's operating revenue for 2022 was CNY 1,827,366,457.86, an increase of 18.77% compared to CNY 1,538,519,305.75 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 172,424,641.79, reflecting a growth of 14.37% from CNY 150,757,637.46 in the previous year[24]. - The net cash flow from operating activities reached CNY 965,419,441.39, a significant increase of 72.72% compared to CNY 558,953,902.43 in 2021[24]. - The total assets of the company at the end of 2022 were CNY 6,893,859,238.08, representing an 8.01% increase from CNY 6,382,847,330.31 in 2021[24]. - The company's net assets attributable to shareholders increased to CNY 2,200,703,967.41, up 5.74% from CNY 2,081,248,602.55 in the previous year[24]. - Basic earnings per share for 2022 were CNY 0.49, a 13.95% increase from CNY 0.43 in 2021[25]. - The weighted average return on equity for 2022 was 8.05%, an increase of 0.63 percentage points from 7.42% in 2021[25]. - The company reported a non-operating profit of CNY 38,241,040.65, which is a 41.86% increase from CNY 26,957,691.46 in 2021[24]. Water Supply and Treatment Operations - Water supply volume was 45.324 million tons, and sales volume was 41.669 million tons, with a sales-to-supply ratio of 10.37%[34]. - The company processed a total of 142.14 million tons of wastewater, marking an 18.54% increase from 2021[35]. - The company operates a total water supply design capacity of 1.94 million tons per day, with raw water supply capacity at 200,000 tons per day and treated water supply capacity at 1.74 million tons per day[46]. - The wastewater treatment design capacity is 550,000 tons per day, with projects operated in multiple cities including Lishui and Yongkang[46]. - The total sewage treatment volume for 2022 was 14,214 million tons, representing an 18.54% growth compared to 2021[53]. - The company maintained stable water supply quality, achieving a comprehensive compliance rate for water quality standards[34]. Strategic Initiatives and Market Expansion - The company focused on an "investment operation" management model, emphasizing innovation and market expansion strategies[34]. - The company plans to enhance its service range and upgrade services in response to the maturing urban water supply market[36]. - The company is exploring smart water management technologies to improve competitiveness in the water services industry[37]. - The company is actively expanding its market presence beyond Zhejiang Province, with ongoing projects in regions such as Fujian[48]. - The company plans to enhance wastewater resource utilization and address water resource shortages and pollution through comprehensive water governance strategies[40]. Research and Development - The company has completed the application for 12 patents and has been granted 16 patents in 2022, enhancing its technological innovation capabilities[50]. - The company’s total R&D investment was 5,785,688.60 CNY, representing 0.32% of total operating income[68]. - The company employed 92 R&D personnel, making up 5.85% of the total workforce[69]. - The company is investing 50 million RMB in R&D for new technologies aimed at improving water efficiency and sustainability[129]. Governance and Management - The company held 4 shareholder meetings in 2022, utilizing both in-person and online voting methods for resolutions[116]. - The seventh board of directors consists of 9 members, including 3 independent directors, with 8 board meetings held during the reporting period[117]. - The company maintained transparent communication with investors, conducting online performance briefings on April 28, August 18, and November 15, 2022[119]. - The company’s governance structure aligns with the requirements of the Corporate Governance Code, with no significant discrepancies noted[119]. - The company appointed a new general manager in October 2022, enhancing leadership stability[128]. Environmental Responsibility - The company’s nitrogen removal project achieved a total nitrogen removal rate of over 80% and ammonia nitrogen removal rate of over 90%[188]. - The company has established emergency response plans for environmental incidents, with the latest updates filed with local environmental authorities[179][180]. - The company implemented carbon reduction measures, including advanced anaerobic digestion technology, resulting in a 35% increase in biogas yield and a 35% increase in organic matter degradation rate[188]. - The company’s commitment to environmental responsibility includes utilizing ecological wetlands for further nutrient absorption from treated wastewater[188]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[129]. - The company plans to sell approximately 420 million tons of water and treat about 144 million tons of wastewater in 2023, aiming for a revenue of around 2.2 billion yuan[110]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential mergers[129].

http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 17 日（星期一）16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过公司邮箱 qjsl@qjwater.com 进行提问。公 司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：600283 证券简称：钱江水利 公告编号：临 2023-021 钱江水利开发股份有限公司 关于召开 2022 年度网上业绩说明会的公告 本公司董事会及全体董事保证本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。 重要内容提示： 钱江水利开发股份有限公司（以下简称"公司"）已于 2023 年 4 月 15 日发 布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 4 月 20 日上午 9:00-10:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 790,761,835.64, representing a 13.18% increase compared to CNY 698,646,406.34 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 12.02% to CNY 82,117,818.39 from CNY 93,334,916.29 year-on-year[18]. - Basic earnings per share decreased by 11.54% to CNY 0.23 from CNY 0.26 in the same period last year[19]. - The company reported a decrease of 26.09% in basic earnings per share after deducting non-recurring gains and losses, down to CNY 0.17 from CNY 0.23[19]. - The company's net profit after deducting non-recurring gains and losses for the first half of 2022 was approximately ¥61.02 million, a decrease of 23.63% compared to the same period last year[114]. - The company reported a total comprehensive income of ¥120,459,988.50 for the first half of 2022, compared to ¥126,245,878.07 in the same period last year[127]. - The company’s total comprehensive income for the first half of 2022 was approximately ¥62.29 million, down from ¥134.72 million in the same period of 2021[130]. Cash Flow and Assets - The net cash flow from operating activities rose by 56.78% to CNY 266,133,474.66 from CNY 169,750,078.54 in the same period last year[18]. - Cash and cash equivalents decreased by 3.29% to CNY 591.39 million, representing 8.89% of total assets[43]. - The company's cash flow from operating activities for the first half of 2022 was 266.13 million yuan, reflecting a year-on-year increase of 56.78%[41]. - The company's total assets at the end of the reporting period were CNY 6,651,347,901.98, an increase of 4.21% from CNY 6,382,847,330.31 at the end of the previous year[18]. - The total liabilities reached CNY 3,913,335,746.46, up from CNY 3,706,126,457.59, which is an increase of about 5.6%[119]. - The company's total equity attributable to shareholders increased to CNY 2,110,417,057.24 from CNY 2,081,248,602.55, reflecting a growth of approximately 1.4%[119]. Operational Capacity and Services - The total water supply design capacity is 1.8 million tons per day, with 200,000 tons per day for raw water supply and 1.6 million tons per day for treated water supply[23][24]. - The company operates 30 water plants and 5 wastewater treatment plants, with a wastewater treatment design capacity of 510,000 tons per day[25]. - The company has established a comprehensive water supply service covering urban and rural areas, achieving full coverage of water supply on Zhoushan Island[25]. - The company aims to improve rural water supply, targeting a national rural water supply coverage rate of 88% by 2025[28]. - The company's sewage treatment capacity is designed for 510,000 tons per day, primarily distributed in Lishui, Yongkang, and Ninghai[35]. - In the first half of 2022, the company achieved a water supply volume of 21,255 million tons and a sales volume of 19,484 million tons, with a production and sales discrepancy rate of 10.89%[37]. Risks and Challenges - The company has outlined potential risks in the management discussion and analysis section, urging investors to be cautious[6]. - The company faces business expansion risks due to intensified competition and increased acquisition costs in the domestic water services market, impacting the speed of business growth[50]. - Policy risks are present as water supply and sewage treatment projects are subject to long investment cycles and uncertain pricing adjustments, which may affect investment returns[51]. - Water quality and cost control risks arise from rising prices of energy, labor, and materials, which compress profit margins[52]. - There are risks associated with the inability to timely adjust water prices in response to rising operational costs, which could lead to declining profitability[53]. Technological Innovation and Development - The company is focusing on smart water management as a new investment hotspot, enhancing competitiveness in the water services market[27]. - The company plans to apply for 12 patents in 2022, with 3 patents already completed and submitted[36]. - The company is focusing on technological innovation and has completed the establishment of two industry standards related to wastewater treatment and rural water supply[36]. - The wastewater treatment facilities are undergoing upgrades to meet increasing standards and regulations, reflecting a trend in the industry[27]. Environmental and Regulatory Compliance - The company has implemented emergency response plans for environmental incidents, with the latest plans for the Lishui Water Treatment Plant filed in September 2018 and for the YKQJ Water Treatment Plant in May 2020[79][80]. - The company has actively engaged in self-monitoring of pollution sources, with monitoring plans publicly available on relevant platforms[83][84]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[86]. - The company has undertaken initiatives to reduce carbon emissions, including the successful operation of an ecological wetland project since 2018, which enhances water quality and environmental capacity[90]. Shareholder and Corporate Governance - The company plans to reduce its shareholding by up to 10% of its total shares, amounting to a maximum of 35,299,575 shares, as part of a share reduction plan disclosed in May 2022[93]. - The company has not reported any significant litigation or arbitration matters during the reporting period[95]. - The company has not encountered any non-operational fund occupation by major shareholders or related parties during the reporting period[94]. - The largest shareholder, China Water Investment Co., Ltd., holds 33.55% of the shares, totaling 118,436,629 shares[107]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring that its financial reports accurately reflect its financial position and operating results[152]. - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[150]. - The company recognizes financial assets derecognition when the contractual rights to cash flows have expired or when the transfer meets the derecognition criteria[166]. - The company assesses expected credit losses for other receivables based on historical credit loss experience and current conditions[170].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 371,478,019.93, representing a year-on-year increase of 20.36%[5] - The net profit attributable to shareholders decreased by 16.77% to CNY 32,414,842.34 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses fell by 36.39% to CNY 22,148,990.73[5] - Basic and diluted earnings per share were both CNY 0.09, a decrease of CNY 0.02 from the previous year[6] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to reflect the growth in revenue[20] - Net profit for Q1 2022 was 47,007,104.63 RMB, down from 50,340,982.22 RMB in Q1 2021, reflecting a decrease of about 6.3%[22] - Basic earnings per share for Q1 2022 was 0.09 RMB, down from 0.11 RMB in Q1 2021, a decline of about 18.2%[22] Cash Flow - The net cash flow from operating activities increased significantly by 127.71% to CNY 137,104,472.29[5] - The net cash flow from operating activities for Q1 2022 was 137,104,472.29 RMB, significantly higher than 60,210,779.07 RMB in Q1 2021, indicating an increase of approximately 127.4%[25] - The company's cash flow from operating activities generated a net amount of CNY 12,261,598.72 in Q1 2022, down from CNY 22,155,638.26 in Q1 2021[35] - Cash inflow from financing activities reached $499,000,000.00, with no inflow recorded in the previous year[36] - Net cash flow from financing activities was $192,619,083.34, compared to -$28,465,658.37 last year[36] - The net increase in cash and cash equivalents was $195,282,674.39, contrasting with a decrease of $3,317,276.12 in the previous year[36] - The ending balance of cash and cash equivalents was $334,830,397.05, significantly higher than $123,756,350.69 at the end of the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,661,256,709.85, an increase of 4.36% from the end of the previous year[6] - Current assets as of March 31, 2022, totaled RMB 1,780,521,067.43, up from RMB 1,490,353,264.45 at the end of 2021, reflecting a growth of 19.4%[17] - Total liabilities as of March 31, 2022, were RMB 3,917,928,732.50, compared to RMB 3,706,126,457.59 at the end of 2021, an increase of 5.7%[19] - Total assets reached RMB 6,661,256,709.85, up from RMB 6,382,847,330.31, marking a growth of 4.4%[19] - Non-current assets amounted to RMB 4,880,735,642.42, slightly down from RMB 4,892,494,065.86, a decrease of 0.2%[18] - The company's equity attributable to shareholders increased to RMB 2,113,663,444.89 from RMB 2,081,248,602.55, a rise of 1.6%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,109[12] - The top shareholder, China Water Investment Co., Ltd., held 33.55% of the shares, totaling 118,436,629 shares[13] Research and Development - Research and development expenses decreased by 93.88% compared to the previous year, indicating reduced investment in R&D[11] - Research and development expenses decreased to 147,114.89 RMB in Q1 2022 from 2,405,007.13 RMB in Q1 2021, a reduction of about 93.9%[25] Operating Costs - The company reported a total operating cost of 300,810,047.33 RMB in Q1 2022, compared to 252,705,661.23 RMB in Q1 2021, marking an increase of approximately 19%[25] Investment Activities - Investment activities resulted in a net cash outflow of 115,588,377.80 RMB in Q1 2022, compared to an outflow of 133,797,927.10 RMB in Q1 2021, indicating a decrease of about 13.6%[26] - Cash inflow from investment activities totaled $33,854,833.33, a significant increase from $3,827,892.99 in the previous year[36] - Cash outflow for investment activities was $43,452,841.00, compared to $835,149.00 in the same period last year[36] - Net cash flow from investment activities was -$9,598,007.67, a decrease from $2,992,743.99 year-over-year[36] Accounting Standards - The company has adopted new accounting standards starting from 2022, which may impact future financial reporting[36]

Financial Performance - The company's operating revenue for 2021 was CNY 1,538,519,305.75, representing a year-on-year increase of 16.99% compared to CNY 1,315,071,908.75 in 2020[22]. - The net profit attributable to shareholders of the listed company was CNY 150,757,637.46, an increase of 8.76% from CNY 138,611,912.16 in the previous year[22]. - The net cash flow from operating activities reached CNY 558,953,902.43, marking an 18.97% increase from CNY 469,842,808.88 in 2020[22]. - The total assets of the company at the end of 2021 were CNY 6,382,847,330.31, a 10.89% increase from CNY 5,755,848,121.57 at the end of 2020[23]. - The net assets attributable to shareholders of the listed company were CNY 2,081,248,602.55, reflecting a 4.89% increase from CNY 1,984,199,581.19 in the previous year[23]. - Basic earnings per share for 2021 were CNY 0.43, up 10.26% from CNY 0.39 in 2020[24]. - The weighted average return on equity increased to 7.42% in 2021, compared to 7.20% in 2020, an increase of 0.22 percentage points[24]. - Operating costs increased to approximately CNY 923.33 million, up 15.18% from CNY 801.65 million in the previous year[54]. - The gross profit margin for the water supply and treatment sector was 39.88%, an increase of 1.15 percentage points from the previous year[57]. Water Supply and Treatment Operations - Water supply volume reached 45.13 million tons, up 8.22% year-on-year, while sales volume increased by 7.35% to 41.54 million tons[32]. - The company processed 11.99 million tons of wastewater, a year-on-year increase of 10.24%[33]. - The company achieved a total water supply of 45,132 million tons in 2021, an increase of 8.22% year-on-year[51]. - The company reported a wastewater treatment volume of 11,991 million tons in 2021, representing a year-on-year growth of 10.24%[51]. - The company has a total design capacity for water supply of 1.8 million tons per day, with a market share of approximately 10% in Zhejiang province[48]. - The company’s wastewater treatment design capacity is 510,000 tons per day, with projects operated in multiple cities[47]. - The company’s water supply business covers the entire industry chain, with a total design capacity of 231,000 tons/day[77]. - The company plans to increase its water supply capacity by 24,000 tons/day in Zhejiang Province, expected to be operational between 2023 and 2024[79]. Strategic Initiatives and Future Plans - The company plans to focus on smart water management and infrastructure upgrades as future growth areas[34]. - The company aims to enhance its core capabilities in water supply and wastewater treatment to ensure high-quality development[31]. - The company plans to invest a total of CNY 352,314,852 in capital expenditures, funded through self-owned funds and bank loans[96]. - The company is focusing on expanding its water supply business and enhancing its core capabilities in planning, construction, and technology consulting to improve its competitive edge in the market[105]. - The company plans to enhance its water quality monitoring and implement necessary facility upgrades to ensure safe and high-quality water supply, addressing risks related to water quality and cost control[109]. Environmental and Regulatory Compliance - The company’s wastewater treatment facilities have met the discharge standards, with no instances of exceeding pollutant limits reported[149][152]. - The average concentration of COD in the wastewater treatment process was 30.77 mg/l, well below the discharge limit of 50 mg/l[149]. - The company has successfully completed the environmental impact assessments and obtained the necessary environmental permits for multiple wastewater treatment projects, including the Lishui Water Supply and Drainage Company and Yongkang Qianjiang Water Company[165][168][169]. - The company has implemented emergency response plans for environmental incidents, with the latest plans being filed with the relevant environmental authorities in 2021[168][169][170]. - The company has made significant strides in reducing carbon emissions, with the Ninghai County North Wastewater Treatment Plant being recognized as a low-carbon demonstration project in 2021[178]. Governance and Management - The company held 1 shareholders' meeting and 4 board meetings during the reporting period, ensuring compliance with governance regulations and maintaining transparency[113]. - The company emphasizes investor relations by organizing online performance briefings to enhance communication and build investor confidence[115]. - The company has established a comprehensive internal control management system, ensuring compliance and effective execution of internal controls[144]. - The board of directors includes members with extensive experience in water resource management and investment[119]. - The company has retained its accounting firm for the 2021 financial audit, ensuring continuity in financial oversight[116]. Market and Competitive Landscape - The company is facing risks related to market competition and resource availability, which may impact the speed of business expansion[107]. - The company has a significant market presence in Zhejiang Province, supplying about 10% of the total water in the region, which provides a competitive advantage[103]. - The company anticipates a positive outlook for the future of the environmental protection and water treatment industry in China[45]. - The market space for water environment governance and sewage quality improvement is estimated to reach several hundred billion yuan in the coming years[43]. Research and Development - The company completed 15 patent applications in 2021, with 10 patents granted, including 9 utility model patents and 1 software copyright[50]. - Research and development expenses decreased by 20.82% to approximately CNY 5.21 million from CNY 6.59 million in the previous year[54]. - Research and development investments increased by 30%, totaling $150 million, to support new technology initiatives[120]. Customer and Community Engagement - The company has expanded its rural water supply services, successfully covering 40,000 rural residents' drinking water safety issues, contributing to poverty alleviation and rural revitalization efforts[182]. - The company has successfully completed the construction of 498 water stations in various regions, enhancing its service coverage from urban to rural areas[180]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[120].

2021 年第三季度报告 证券代码：600283 证券简称：钱江水利 钱江水利开发股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人叶建桥、主管会计工作负责人何刚信及会计机构负责人（会计主管人员）彭伟军 保证季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | | 年初至报告期末 | | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 390,395,473.10 | 15.88 | ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥698.65 million, representing a 20.06% increase compared to ¥581.92 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥93.33 million, an increase of 108.27% from ¥44.81 million in the previous year[17]. - The basic earnings per share for the first half of 2021 was ¥0.26, doubling from ¥0.13 in the same period last year[17]. - The net cash flow from operating activities for the first half of 2021 was approximately ¥169.75 million, up 23.77% from ¥137.15 million in the previous year[17]. - The total assets of the company at the end of the reporting period were approximately ¥6.03 billion, a 4.83% increase from ¥5.76 billion at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥2.02 billion, reflecting a 2.00% increase from ¥1.98 billion at the end of the previous year[17]. - The diluted earnings per share for the first half of 2021 was also ¥0.26, consistent with the basic earnings per share[17]. - The weighted average return on net assets increased to 4.60%, up 2.22 percentage points from 2.38% in the previous year[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥79.90 million, a 151.07% increase from ¥31.82 million in the previous year[17]. Operational Highlights - The company has a total water supply design capacity of 180,000 tons per day, with self-supply and municipal water supply operations across multiple cities[22]. - The wastewater treatment business has a design capacity of 45,000 tons per day, focusing on meeting national standards for treated water[23]. - The company holds approximately 10% market share in the water supply market in Zhejiang Province, with integrated supply network projects[28]. - The company is actively pursuing technological innovation and has established standards for integrated water purification equipment and composite carbon sources[26][27]. - The company operates under various models including BOT, TOT, and PPP, enhancing its operational flexibility[25]. - The company aims to expand its market presence by leveraging strong government relationships and extending its industrial chain[28]. - The water industry is supported by national policies, indicating a broad market outlook due to urbanization and rising living standards[24]. - The company integrates design, construction, procurement, and financing platforms to improve operational efficiency[26]. - The company is focusing on enhancing its competitive edge through technological advancements and strategic partnerships[25]. - In the first half of 2021, the company's water supply volume reached 19,969,000 tons, an increase of 11.68% year-on-year, driven by growth in various regions including Zhoushan and Lishui[30]. - The company achieved a sewage treatment volume of 5,634,000 tons in the first half of 2021, representing a year-on-year growth of 6.79%[30]. Financial Position - The company's total assets at the end of the reporting period were significantly impacted by an increase in fixed asset investments, with cash outflows for fixed asset construction rising year-on-year[34]. - The company reported a 43.69% share of fixed assets in total assets, amounting to CNY 2,636,332,911.56[36]. - The company’s investment income for the first half of 2021 was CNY 18,810,269.23, a substantial increase of 6,672.29% compared to the previous year[34]. - The company’s management expenses increased by 24.09% year-on-year, totaling CNY 83,320,224.43[34]. - The company has established a strong operational management model that enhances efficiency and supports expansion into rural drinking water safety markets[30]. - The company's other equity investments remained unchanged at CNY 129,527,155.41, with no impact on current profits[40]. - The subsidiary Zhoushan Water Company reported a net profit of CNY 3,882.75 million, contributing to the overall performance[41]. - The company faces business expansion risks due to increasing competition and a reduction in quality water project resources[43]. - The company plans to enhance market expansion by deepening existing water projects and exploring new project avenues[43]. - The company is monitoring water quality closely and implementing upgrades to ensure safe and high-quality water supply[44]. Environmental Responsibility - The company actively fulfills environmental responsibilities and has implemented multiple measures to reduce carbon emissions, achieving certain results[82]. - The Ninghai County North Sewage Treatment Plant has been selected as a low-carbon demonstration project in urban sewage treatment[83]. - Environmental impact assessments and monitoring plans are publicly available on designated platforms[76][78][79]. - No administrative penalties for environmental issues were reported during the reporting period[80]. - The company continues to publish monitoring data on pollution discharge concentrations daily and monthly[81]. - The company has successfully operated the ecological wetland project since its completion in 2018, enhancing water quality[82]. Corporate Governance - The company has not reported any major litigation or arbitration matters during the reporting period[88]. - There were no significant changes in the company's share capital structure during the reporting period[93]. - The company has not disclosed any major contracts or other significant matters during the reporting period[92]. - The largest shareholder, China Water Investment Co., holds 118,436,629 shares, representing 33.55% of the total shares[96]. - Zhejiang New Energy Investment Group holds 89,802,172 shares, accounting for 25.44% of the total shares[97]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[98]. Accounting Policies - The financial statements have been approved by the board of directors on August 24, 2021, ensuring compliance with regulatory requirements[140]. - The company has included several subsidiaries in its consolidated financial statements, expanding its operational scope[141]. - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition, reflecting its operational characteristics[144]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[145]. - The accounting period for the company runs from January 1 to December 31 each year[146]. - The company classifies its operating cycle as short, using 12 months as the standard for asset and liability liquidity[147]. - The company's functional currency is Renminbi (RMB)[148]. - The company applies the equity method for accounting treatment in business combinations under common control[149]. - The company includes all subsidiaries under its control in the consolidated financial statements[150]. Revenue Recognition - Revenue recognition policies involve assessing contracts at the start date to identify performance obligations and determine if they are satisfied over time or at a point in time[196]. - Revenue is recognized based on the progress of performance obligations, with specific methods for water supply and engineering installation businesses outlined[198]. - Contract costs related to obtaining and fulfilling contracts are recognized as assets if they are expected to be recoverable, with amortization aligned with revenue recognition[199]. - If the carrying amount of contract-related assets exceeds the expected remaining consideration, impairment losses are recognized[200].

Financial Performance - Operating revenue rose by 12.13% to CNY 308,644,396.11 year-on-year[5] - Net profit attributable to shareholders surged by 217.57% to CNY 38,944,787.07 compared to the same period last year[5] - Basic and diluted earnings per share increased by 266.67% to CNY 0.11[5] - Total revenue for Q1 2021 was CNY 308,644,396.11, an increase of 12.1% compared to CNY 275,253,326.92 in Q1 2020[21] - Net profit for Q1 2021 was CNY 55,938,734.88, compared to CNY 26,459,546.84 in Q1 2020, representing a significant increase of 111.4%[21] - The net profit for Q1 2021 reached CNY 50,340,982.22, up from CNY 18,772,055.93 in the same period last year, representing a growth of 167.5%[23] - The total profit for Q1 2021 was CNY 66,779,358.69, significantly higher than CNY 30,870,096.59 in Q1 2020, marking a growth of 116.5%[23] Cash Flow - Net cash flow from operating activities increased by 49.47% to CNY 60,210,779.07[5] - Cash flow from operating activities increased by 49.47% to ¥60,210,779.07, driven by higher cash received from sales of goods and services[10] - The cash flow from operating activities for Q1 2021 was CNY 60,210,779.07, an increase of 49.5% from CNY 40,283,448.39 in Q1 2020[27] - In Q1 2021, the company generated a net cash flow from operating activities of ¥22,155,638.26, a significant improvement compared to a net outflow of ¥2,115,706.47 in Q1 2020[30] - The net cash flow from financing activities was -¥28,465,658.37, compared to -¥7,561,110.30 in the same period last year[31] Assets and Liabilities - Total assets increased by 3.16% to CNY 5,937,615,606.10 compared to the end of the previous year[5] - Current liabilities totaled ¥1,793,074,942.09, compared to ¥1,731,794,320.95 at the end of 2020, indicating a slight increase[14] - Non-current liabilities increased to ¥834,588,790.09 from ¥775,104,638.80, reflecting a rise in long-term borrowings[14] - Total liabilities amounted to CNY 3,209,258,181.01, with current liabilities at CNY 1,731,794,320.95 and non-current liabilities at CNY 1,477,463,860.06[34] - The total equity attributable to shareholders was CNY 1,984,199,581.19, with total equity including minority interests at CNY 2,546,589,940.56[34] Shareholder Information - The total number of shareholders reached 28,186 at the end of the reporting period[7] - The largest shareholder, China Water Investment Co., Ltd., holds 33.55% of the shares[8] Research and Development - R&D expenses rose by 47.51% to ¥2,405,007.13, reflecting increased investment in research and development[10] - Research and development expenses for Q1 2021 were CNY 2,405,007.13, an increase from CNY 1,630,372.88 in Q1 2020, reflecting a growth of 47.3%[21] Investment Income - Investment income surged by 239.06% to ¥5,830,086.98, primarily due to increased equity method investment income[10] - The company reported an investment income of CNY 10,066,955.56 in Q1 2021, recovering from a loss of CNY 981,977.22 in the same period last year[24] Other Financial Metrics - Weighted average return on equity improved by 1.28 percentage points to 1.94%[5] - The company reported non-recurring gains of CNY 4,125,741.97 during the period[6] - The company incurred financial expenses of CNY 7,711,091.67 in Q1 2021, slightly up from CNY 7,023,205.89 in Q1 2020[24] - The company recognized a cumulative impact of -CNY 932,317.56 due to the implementation of the new leasing standards, affecting retained earnings and minority interests[35] Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[30]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 138,611,912.16 in 2020, representing a 221.11% increase compared to RMB 43,165,993.67 in 2019[5]. - Total operating revenue for 2020 was RMB 1,315,071,908.75, an increase of 11.93% from RMB 1,174,868,291.01 in 2019[20]. - The net cash flow from operating activities was RMB 469,842,808.88, reflecting a 5.68% increase from RMB 444,598,491.29 in the previous year[20]. - The company's total assets at the end of 2020 amounted to RMB 5,755,848,121.57, up 11.30% from RMB 5,171,402,341.71 at the end of 2019[20]. - The basic earnings per share for 2020 was RMB 0.39, a significant increase of 225.00% compared to RMB 0.12 in 2019[21]. - The weighted average return on equity increased to 7.20% in 2020, up by 4.85 percentage points from 2.35% in 2019[21]. - The company reported a net profit of RMB 113,832,410.76 after deducting non-recurring gains and losses, which is a 971.02% increase from RMB 10,628,381.22 in 2019[20]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[164]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.5 per 10 shares, totaling RMB 52,949,363.7, based on a total share capital of 352,995,758 shares[5]. - For the year 2020, the company plans to distribute cash dividends of RMB 1.50 per 10 shares, totaling RMB 52,949,363.70, which represents 38.20% of the net profit attributable to shareholders[92]. - The company reported a net profit attributable to shareholders of RMB 43,165,993.67 for the year 2019, with basic earnings per share of RMB 0.12[90]. - No cash dividends or stock dividends were distributed for the year 2019, and no capital reserve was converted into share capital[91]. Operational Capacity and Services - The company operates a total water supply design capacity of 2.25 million tons per day, with a focus on integrated water supply and sewage treatment services[29]. - The wastewater treatment design capacity is 450,000 tons per day, with projects managed by various subsidiaries[30]. - The company achieved a daily water treatment capacity of 2.25 million tons, with a supply capacity of 1.8 million tons/day and sewage treatment capacity of 450,000 tons/day[36]. - The overall sewage treatment volume for 2020 was 10.877 million tons, remaining stable compared to the previous year despite challenges from the pandemic[36]. - The company has a total design capacity of 160,000 tons/day for wastewater treatment, with 120,000 tons/day currently completed[125]. Market and Growth Opportunities - The company anticipates growth opportunities in secondary water supply, rural environmental governance, and comprehensive water environment management in the future[30]. - The company plans to enhance its market competitiveness through digital economy and smart water management technologies[31]. - The company is focusing on mergers and acquisitions to enhance industry consolidation and expand its market presence[31]. - The company aims to enhance its market expansion strategies while managing risks associated with market competition and policy changes[87]. - The company plans to sell approximately 400 million tons of water and treat about 115 million tons of wastewater in 2021, aiming for a revenue of around 1.4 billion yuan[86]. Research and Development - Research and development expenses rose by 77.33% to CNY 6.59 million, reflecting increased investment in water treatment technology[39]. - The total R&D investment amounted to ¥6,585,139.69, representing 0.50% of the total revenue[50]. - The company aims to invest in R&D, allocating a significant portion of its budget to innovation[163]. Environmental Compliance and Social Responsibility - The company has achieved compliance with the Zhejiang provincial wastewater discharge standards, ensuring environmental protection[125]. - The average COD concentration for the wastewater treatment plants is 26.71 mg/L, which is below the discharge limit of 50 mg/L[116]. - The company has implemented a precision poverty alleviation plan in accordance with local government initiatives, demonstrating its commitment to social responsibility[113]. - The company is actively participating in rural revitalization initiatives, contributing to community development[113]. Governance and Management - The company has retained the same accounting firm, Tianjian Accounting Firm, for the 2020 financial and internal control audits, with a remuneration of RMB 700,000[96]. - The company has established a performance evaluation mechanism for senior management, which was approved by the board[182]. - The company has a strong governance framework with a dedicated remuneration and assessment committee overseeing compensation matters[168]. - The company has a total of 1,560 employees, with 44 in the parent company and 1,516 in major subsidiaries[171]. Financial Health and Risks - The company reported a decrease in other equity instrument investments, with a change of -3,022,847.70 RMB during the reporting period[28]. - The company’s short-term loans increased by 73.58% to CNY 538,615.72 million due to new bank loans[54]. - The company reported a significant increase in inventory, which rose by 40.07% to CNY 557,815.23 million, primarily due to unfinished pipeline installation projects[54]. - The company has no significant risks identified by the supervisory board during the reporting period[181].