Financial Performance - Revenue for the first nine months decreased by 1.58% to CNY 571,219,040.12 compared to the same period last year[6] - Net profit attributable to shareholders increased by 332.67% to CNY 40,997,420.70 for the first nine months[6] - Basic and diluted earnings per share increased by 300% to CNY 0.12[7] - The weighted average return on net assets increased by 1.61 percentage points to 2.65%[7] - The company anticipates no significant changes in net profit compared to the previous year[18] - Net profit for the first nine months of 2015 reached CNY 70,731,220.62, compared to CNY 22,925,053.15 in the same period last year, indicating a significant increase of 208.5%[34] Assets and Liabilities - Total assets increased by 16.14% to CNY 4,967,308,401.13 compared to the end of the previous year[6] - Current assets rose to ¥1,936,946,293.66, compared to ¥1,527,608,020.26 at the start of the year, reflecting an increase of about 26.8%[21] - Non-current assets totaled ¥3,030,362,107.47, up from ¥2,749,386,661.52, indicating a growth of around 10.2%[21] - Total liabilities decreased to ¥3,106,341,992.45 from ¥3,213,129,716.99, a reduction of approximately 3.3%[22] - The company's total liabilities decreased by 68.00% in current liabilities due to the repayment of short-term loans[14] - Owner's equity increased significantly to ¥1,860,966,408.68, compared to ¥1,063,864,964.79 at the beginning of the year, marking a growth of about 75%[22] Cash Flow - Operating cash flow increased by 72.76% to CNY 100,790,176.11 for the period from January to September[6] - The company's net cash flow from operating activities increased by 72.76% to CNY 100,790,176.11, attributed to higher cash receipts from sales[16] - Cash flow from operating activities for the first nine months of 2015 was CNY 606,270,476.31, an increase from CNY 591,085,007.81 in the same period last year[38] - Net cash flow from operating activities for the first nine months of 2015 was CNY 1,770,043.95, compared to a negative cash flow of CNY -8,310,655.83 in the same period last year[41] Shareholder Information - The total number of shareholders reached 35,767 by the end of the reporting period[10] - The largest shareholder, China Water Investment Co., Ltd., holds 23.55% of the shares[10] - The company has committed to a three-year shareholder return plan and is adhering to it[17] Investment and Other Income - The company reported non-operating income of CNY 5,628,562.06 for the first nine months[9] - Investment income skyrocketed by 645.08% from CNY 3,487,999.09 to CNY 25,988,321.81, reflecting improved earnings from invested entities[15] - The company reported investment income of CNY 9,541,040.90 in Q3 2015, compared to a loss of CNY -70,465.44 in Q3 2014[34] Legal and Future Outlook - The company is involved in a legal dispute regarding the transfer of 51% equity in a subsidiary, which may impact future financial performance[17] - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[27]

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 361,189,953.30, a decrease of 6.91% compared to CNY 388,014,607.93 in the same period last year[19]. - The net profit attributable to shareholders of the listed company increased by 191.01% to CNY 28,069,259.12, up from CNY 9,645,625.23 in the previous year[19]. - The net cash flow from operating activities reached CNY 52,507,934.09, representing a significant increase of 312.16% compared to CNY 12,739,655.64 in the same period last year[20]. - The total assets of the company at the end of the reporting period were CNY 4,686,785,891.82, an increase of 9.58% from CNY 4,276,994,681.78 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 82.79% to CNY 1,776,063,243.74, compared to CNY 971,634,744.75 at the end of the previous year[20]. - Basic earnings per share for the first half of 2015 were CNY 0.08, a 166.67% increase from CNY 0.03 in the same period last year[21]. - The weighted average return on net assets increased to 1.92%, up from 1.04% in the previous year, reflecting an increase of 0.88 percentage points[21]. - The company reported a net loss of 37,670,000 RMB for the period[73]. - The total comprehensive income for the period was CNY 70,132,411.00, significantly higher than CNY 3,036,546.45 from the previous year[91]. - The company reported a net loss attributable to owners of 14,119.8 million, which is a decrease from the previous loss of 14,266.5 million, showing an improvement in financial performance[111]. Revenue and Income Sources - The water business generated main operating income of CNY 326.73 million, remaining stable compared to the same period last year[27]. - Investment income surged by 456.10% to CNY 20.69 million, attributed to higher earnings from invested entities[30]. - The company's main business revenue from water supply and treatment reached ¥326,734,150.35, with a year-over-year decrease of 0.57% in revenue and a decrease of 7.91% in costs, resulting in a gross margin increase of 4.41 percentage points to 44.72%[36]. - The revenue from water supply and treatment business was ¥287,271,256.40, showing a year-over-year increase of 6.62%, while the gross margin improved by 3.94 percentage points to 47.21%[36]. - The pipeline installation business experienced a significant decline, with revenue dropping by 33.31% to ¥39,243,239.95 and a gross margin decrease of 0.35 percentage points to 26.63%[36]. Shareholder Information - The company did not propose any profit distribution or capital reserve transfer to share capital for the reporting period[3]. - A cash dividend of 0.4 RMB per 10 shares was approved, amounting to a total cash distribution of 14,119.83 million RMB to shareholders[54]. - The largest shareholder, China Water Investment Co., Ltd., holds 83,117,053 shares, representing 23.55% of the total shares[72]. - The second-largest shareholder, Zhejiang Provincial Water Resources and Hydropower Investment Group Co., Ltd., holds 55,979,908 shares, accounting for 15.86%[72]. - The company has 285,330,000 unrestricted circulating shares, which constitute 80.83% of the total shares[68]. - The company’s limited sale shares amount to 67,665,758, representing 19.17% of the total shares[68]. - The total number of shares after the issuance is 352,995,758, which includes both restricted and unrestricted shares[68]. Capital and Financing Activities - The company completed a non-public offering of shares, increasing its registered capital from CNY 285,330,000.00 to CNY 352,995,758.00[16]. - The company successfully completed a non-public stock issuance, raising CNY 263.82 million for project funding[32]. - The total amount of raised funds from non-public offerings in 2013 was ¥71,913.23 million, with ¥44,101.23 million already utilized[44]. - The company is implementing its fundraising projects according to the arrangements specified in the 2013 non-public offering plan[48]. - The total cash inflow from financing activities reached ¥1,213,869,995.58, up from ¥878,900,000.00, indicating strong capital raising efforts[98]. Asset Management - Current assets increased to ¥1,749,686,126.04 from ¥1,527,608,020.26, representing a growth of approximately 14.5%[83]. - Total liabilities decreased to ¥2,816,823,216.53 from ¥3,213,129,716.99, a reduction of about 12.3%[85]. - Owner's equity increased significantly to ¥1,869,962,675.29 from ¥1,063,864,964.79, representing a growth of approximately 76%[85]. - The company has a total asset value of 141,353.63 million RMB and a net asset value of 55,126.93 million RMB, showcasing a solid financial position[51]. - The total assets of the company reached ¥4,686,785,891.82, up from ¥4,276,994,681.78, indicating a growth of approximately 9.6%[84]. Legal and Compliance - The company has faced legal challenges, including a court ruling requiring Beijing Yuanrun Investment Development Co., Ltd. to pay a penalty of 21.5 million RMB[58]. - The company has not reported any penalties or rectifications for its directors, supervisors, or senior management during the reporting period[64]. - The company has not made any changes to accounting policies or estimates during the reporting period[65]. - The company has not reported any significant prior period errors during the reporting period[65]. Accounting Policies and Practices - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[118]. - The company employs specific accounting methods for mergers, recognizing goodwill when the purchase cost exceeds the fair value of identifiable net assets acquired[122]. - Revenue from sales of goods is recognized when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[168]. - The company assesses receivables individually for those over 1 million yuan and constituting more than 10% of total receivables, applying impairment testing based on future cash flow present value[139]. - The company uses a perpetual inventory system for tracking inventory levels[143].

Financial Performance - Operating revenue for the period was CNY 183,496,809.75, representing a 12.31% increase year-on-year[6] - Net profit attributable to shareholders was CNY 3,070,590.26, a 24.76% increase compared to the same period last year[6] - Basic earnings per share increased by 15.12% to CNY 0.0099 per share[6] - Total operating revenue for Q1 2015 was CNY 183,496,809.75, an increase of 12.9% compared to CNY 163,390,399.92 in the same period last year[25] - The net profit attributable to the parent company was CNY 3,070,590.26, compared to CNY 2,461,254.66 in the previous year, marking a growth of 24.7%[26] - The company reported a net loss of CNY 11,732,172.15 for Q1 2015, worsening from a loss of CNY 3,160,633.47 in the same quarter last year[26] - The company's operating revenue for the current period is ¥8,178,014.27, an increase of 3.35% compared to ¥7,912,558.42 in the previous period[29] - Operating profit has significantly improved to ¥8,095,981.75 from a loss of ¥3,953,095.27 in the previous period[29] - The net profit for the current period is ¥8,045,981.75, recovering from a net loss of ¥3,958,595.27 in the previous period[29] Asset and Equity Growth - Total assets increased by 15.93% to CNY 4,958,519,643.99 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 74.31% to CNY 1,693,693,375.90 compared to the end of the previous year[6] - The company's equity attributable to shareholders rose to ¥1,693,693,375.90 from ¥971,634,744.75, reflecting a significant increase of 74.24% due to the private placement[19] - Total assets increased to CNY 3,292,564,974.71 as of March 31, 2015, up from CNY 2,601,597,205.64 at the beginning of the year, representing a growth of 26.6%[21] - Current assets totaled CNY 1,966,223,212.11, an increase of 29.6% from CNY 1,515,737,830.10 at the start of the year[21] - The equity attributable to shareholders rose to CNY 1,660,095,410.30, compared to CNY 933,061,387.66 at the beginning of the year, reflecting an increase of 78.1%[22] Cash Flow Analysis - Net cash flow from operating activities was CNY 40,241,621.26, a significant improvement from a negative CNY 1,109,701.07 in the previous year[6] - The net cash flow from operating activities improved significantly to ¥40,241,621.26 from a negative ¥1,109,701.07, reflecting a 3726.35% increase driven by higher cash receipts from sales[14] - The net cash flow from investing activities was negative at ¥-377,813,471.87, a decline of 281.94% compared to the previous year, mainly due to significant expenditures on financial products[14] - The net cash flow from financing activities increased to ¥654,149,272.70 from ¥82,040,486.04, representing a growth of 697.35% due to funds raised from the private placement of shares[14] - Cash flow from operating activities has turned positive with a net cash flow of ¥40,241,621.26, compared to a negative cash flow of ¥1,109,701.07 in the previous period[31] - The company reported cash inflow from financing activities of ¥819,169,995.58, up from ¥298,900,000.00 in the previous period[32] Shareholder Information - The total number of shareholders reached 35,595 at the end of the reporting period[11] - The largest shareholder, China Water Investment Co., Ltd., holds 23.55% of the shares[11] Investment and Expenditures - The company completed a private placement of 67,665,758 shares, raising a total of ¥744,999,995.58 during the reporting period[14] - Investment activities resulted in a net cash outflow of ¥377,813,471.87, compared to a net outflow of ¥98,920,723.19 in the previous period[32] Other Financial Metrics - The company reported non-operating income of CNY 429,178.73[8] - The company's cash and cash equivalents increased to ¥543,758,830.28 from ¥227,181,408.19, representing a growth of 139.35% due to funds raised from a private placement of shares[13] - Accounts receivable rose to ¥40,112,303.82 from ¥29,951,123.84, marking an increase of 33.93% primarily due to increased water fee receivables from subsidiaries[13] - Prepayments surged by 234.47%, reaching ¥7,976,228.44 from ¥2,384,737.82, mainly due to increased advance payments for engineering projects by subsidiaries[13] - Other receivables decreased by 50.49%, falling to ¥10,068,952.40 from ¥20,336,667.06, primarily due to the recovery of litigation compensation[13] - The management reported a decrease in operating costs to ¥4,571,123.17 from ¥4,695,911.97 in the previous period[29] Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[29]

Financial Performance - The company's operating revenue for 2014 was ¥802,979,857.15, representing a 9.44% increase compared to ¥733,742,082.95 in 2013[25] - The net profit attributable to shareholders for 2014 was ¥17,704,440.52, a decrease of 5.93% from ¥18,820,378.71 in 2013[25] - The net profit after deducting non-recurring gains and losses was ¥3,654,648.92, down 77.51% from ¥16,247,648.43 in 2013[25] - The cash flow from operating activities for 2014 was ¥30,947,045.29, a decline of 27.59% compared to ¥42,737,555.49 in 2013[25] - Basic earnings per share for 2014 were ¥0.06, down 14.29% from ¥0.07 in 2013[26] - The weighted average return on net assets for 2014 was 1.84%, a decrease of 0.20 percentage points from 2.04% in 2013[26] Assets and Liabilities - The total assets at the end of 2014 were ¥4,276,994,681.78, an increase of 17.76% from ¥3,631,889,423.78 at the end of 2013[25] - The net assets attributable to shareholders at the end of 2014 were ¥971,634,744.75, a slight increase of 1.59% from ¥956,431,733.12 at the end of 2013[25] - Short-term loans increased by 98.27% to 1.18 billion RMB, indicating a significant rise in financial leverage[49] - The total liabilities decreased significantly, with a notable reduction in current liabilities by 87.21%[50] Revenue Streams - The revenue from the water supply and treatment sector was CNY 712.37 million, an increase of 6.44% year-on-year[35] - The real estate sector revenue was CNY 22.90 million, a significant increase from CNY 1.89 million in the previous year, attributed to the sale of properties reaching marketable status[35] - The daily water treatment capacity reached 1.78 million tons, with total water supply of 28.19 million tons, completing 103% of the plan and a year-on-year growth of 11.72%[32] Investments and Financing - The net cash flow from investment activities was CNY -402.45 million, a decrease of 79.13% year-on-year, primarily due to increased construction investments by subsidiaries[40] - The net cash flow from financing activities increased by 200.21% to CNY 279.87 million, mainly due to increased borrowings compared to the previous year[40] - The company successfully raised 745 million RMB through a private placement of shares completed in February 2015[43] Legal Matters - The company recorded a net income of CNY 9.05 million from a lawsuit against Beijing Yuanrun for breach of contract, included in non-operating income[41] - The company has a pending civil lawsuit against Beijing Yuanrun for a breach of contract, seeking CNY 86 million in damages[70] - The company received a court ruling requiring Beijing Yuanrun to pay a penalty of 21.5 million RMB due to a failed asset transfer agreement[72] Corporate Governance - The company has not faced any penalties or rectifications involving its directors, supervisors, senior management, or major shareholders[82] - The company’s governance practices were revised in accordance with relevant laws and regulations during the reporting period[120] - The independent director did not raise any objections to company matters during the reporting period[128] Employee and Management - The company has a total of 1,911 employees, with 1,049 in production, 168 in sales, 289 in technical roles, 60 in finance, and 345 in administration[116] - The company follows a performance-first principle in its salary policy, linking employee compensation to their work ability, performance, contributions, and responsibilities[117] - The company’s management team includes individuals with extensive experience in water resource management and investment[111] Future Plans and Strategies - The company aims to expand its water supply capacity in response to increasing urbanization and demand for clean water, supported by favorable government policies[62] - The company plans to accelerate the transfer of real estate projects to focus on its core water services business[56] - The company is actively exploring new cooperation models such as BT, BOT, and BOO to enhance its water service projects[43] Risk Factors - The company faces several risks, including operational risks from natural disasters, market competition, and rising costs in the water industry, which could impact revenue and operational efficiency[58] Financial Reporting and Compliance - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial status and operational results[177] - The company’s financial statements were approved by the board of directors on April 8, 2015, ensuring compliance with governance standards[172]

Financial Performance - Operating revenue for the first nine months rose by 11.54% to CNY 580,381,872.60 year-on-year[7] - Net profit attributable to shareholders increased by 35.63% to CNY 9,475,431.60 for the first nine months[7] - Basic and diluted earnings per share both rose by 35.63% to CNY 0.03[8] - Total operating revenue for Q3 2014 was CNY 192,367,264.67, a slight decrease of 0.22% compared to CNY 192,795,460.94 in Q3 2013[38] - Net profit for Q3 2014 was a loss of CNY 9,399,018.58, compared to a loss of CNY 5,878,393.86 in Q3 2013[39] - Operating revenue for Q3 2023 was CNY 8,258,025.94, slightly down from CNY 8,283,822.46 in Q3 2022, while year-to-date revenue increased to CNY 24,234,394.02 from CNY 23,558,812.36[42] - Net profit for Q3 2023 was a loss of CNY 3,330,524.20, compared to a loss of CNY 13,613,855.32 in Q3 2022, indicating an improvement in financial performance[43] - The company reported a total profit loss of CNY 3,314,024.20 for Q3 2023, significantly better than the loss of CNY 13,599,188.65 in the same period last year[43] Assets and Liabilities - Total assets increased by 18.11% to CNY 4,244,849,846.40 compared to the end of the previous year[7] - The total assets of Qianjiang Water Conservancy Development Co., Ltd. reached CNY 4,244,849,846.40 as of September 30, 2014, an increase from CNY 3,593,979,001.25 at the beginning of the year[28] - The company's current assets totaled CNY 1,651,804,562.24, up from CNY 1,355,946,790.30 at the start of the year, indicating a growth of approximately 21.8%[29] - The total liabilities of the company were CNY 3,226,047,529.65, compared to CNY 2,539,205,112.37 at the beginning of the year, marking an increase of about 27.2%[30] - Total liabilities rose to CNY 1,400,420,582.81, compared to CNY 892,824,682.77 in the previous year[35] - The company's equity attributable to shareholders was CNY 913,852,751.51, down from CNY 918,521,310.59 at the beginning of the year[30] Cash Flow - Net cash flow from operating activities increased by 28.17% to CNY 58,340,870.85 compared to the same period last year[7] - Cash flow from operating activities for the first nine months of 2023 was CNY 58,340,870.85, up from CNY 45,518,541.37 in the previous year[46] - Cash inflow from operating activities totaled CNY 728,562,790.60 for the first nine months of 2023, compared to CNY 691,958,880.71 in the same period last year[45] - The net cash flow from financing activities was CNY 331,046,434.40 for the first nine months of 2023, compared to a negative cash flow of CNY -37,703,459.17 in the previous year[47] - The ending cash and cash equivalents balance was CNY 342,624,814.33 as of the end of September 2023, compared to CNY 279,064,543.11 at the same time last year[47] Investments and Expenses - The company received government subsidies amounting to CNY 7,072,310.43 for the first nine months[10] - Non-operating income and expenses included a loss of CNY 36,344.14 from the disposal of non-current assets[10] - Financial expenses rose by 76.12% to CNY 69,926,642.16 due to higher debt levels compared to the previous year[17] - Investment income improved by 137.91% to CNY 3,487,999.09 as returns from invested entities increased[17] - The company reported an increase in management expenses to CNY 19,967,269.82 for the first nine months of 2023, up from CNY 18,649,634.17 in the previous year[42] Shareholder Information - The total number of shareholders reached 32,692 by the end of the reporting period[12] - The largest shareholder, China Water Investment Co., Ltd., holds 25.55% of the shares[12] - The company has committed to a shareholder return plan for the next three years (2013-2015) and is adhering to it[20] Legal Matters - The company is involved in a civil lawsuit regarding the transfer of 51% equity in a subsidiary due to non-compliance by the buyer[19] Changes in Financial Reporting - The company has made adjustments to its financial reporting in accordance with revised accounting standards, impacting the classification of certain investments[23]

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 388,014,607.93, representing an increase of 18.46% compared to CNY 327,546,476.07 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 9,645,625.23, a slight increase of 0.7% from CNY 9,578,935.73 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 7,277,252.20, up 14.59% from CNY 6,350,626.17 in the previous year[18]. - The cash flow from operating activities was CNY 12,739,655.64, a significant improvement of 160.47% compared to a negative cash flow of CNY -21,067,647.09 in the same period last year[18]. - The basic earnings per share for the first half of 2014 remained at CNY 0.03, consistent with the previous year[19]. - The weighted average return on net assets increased to 1.04%, up from 1.03% in the same period last year[19]. - The company achieved operating revenue of 388.01 million yuan, an increase of 60.47 million yuan, or 18.46% year-on-year[25]. - Operating costs rose to 243.03 million yuan, up 44.52 million yuan, or 22.86% year-on-year[27]. - The company completed 48.50% of its annual revenue target of 800 million yuan by the end of the reporting period[29]. - The company reported a slight increase in profit contribution from its associate company, Tiantang Silicon Valley, compared to the previous year[25]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,025,460,443.10, reflecting a growth of 12.01% from CNY 3,593,979,001.25 at the end of the previous year[18]. - Short-term borrowings increased by 53.87% to 914 million yuan, reflecting a change in the company's borrowing structure[27]. - Accounts receivable rose by 83.48% to 38.34 million yuan, primarily due to increased receivables from water supply and installation projects[27]. - Total liabilities increased to ¥2,997,259,107.77 from ¥2,539,205,112.37, representing a growth of about 18%[66]. - The company's non-current assets totaled ¥2,530,178,043.97, up from ¥2,238,032,210.95, indicating an increase of approximately 13%[65]. Investments and Projects - The company signed cooperation intention agreements for water projects with two counties and successfully acquired the Shengzhou water pipeline project with an investment of CNY 150 million[24]. - The company has four major ongoing construction projects, including the expansion of the Zhoushan Island North Water Plant and the Lincheng Water Plant[24]. - The company has invested 15,000.00 million RMB in the Shenzhou Second Water Supply Pipeline Project, which is now completed[38]. - The total investment in the Zhoushan Island North Water Plant Project reached 34,368.00 million RMB, with a current progress of 96%[39]. - The company is planning to issue A-shares following the approval of its non-public offering application by the China Securities Regulatory Commission[43]. Shareholder Information - The total number of shareholders at the end of the reporting period was 37,557[56]. - The largest shareholder, China Water Affairs Investment Co., Ltd., held 25.55% of the shares, totaling 72,911,553 shares[57]. - Zhejiang Water Resources and Hydropower Investment Group Co., Ltd. held 17.21% of the shares, totaling 49,105,708 shares[57]. - Zhejiang Hydropower Industry Co., Ltd. held 5.63% of the shares, totaling 16,077,044 shares[57]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased to ¥210,510,051.59 from ¥318,815,055.24, representing a decline of approximately 34%[64]. - The company has a strong liquidity position with significant cash reserves, although there has been a notable decrease compared to the previous period[160]. - The net cash flow from financing activities improved to 281,825,628.57 RMB, compared to a negative flow of -26,624,736.50 RMB in the same period last year, showing a positive shift in financing strategy[91]. Legal and Compliance - The company is involved in a civil lawsuit against Beijing Yuanrun Investment Development Co. for breach of contract regarding a 51% equity transfer, which remains unresolved[45]. - The company has no overdue guarantees and no related party guarantees[47]. - The company has no significant related party transactions or major contracts that are not applicable[48]. - There were no penalties or rectifications for the company or its major stakeholders during the reporting period[53]. Future Outlook - The company plans to continue expanding its water supply and sewage treatment operations, targeting a total water supply of 27 million tons and sewage treatment of 5.4 million tons for the year[29]. - Future outlook includes continued focus on improving cash flow management and reducing accounts receivable turnover days to enhance operational efficiency[161].

Financial Performance - Operating revenue for the first quarter reached CNY 163,390,399.92, representing a growth of 7.89% year-on-year[10] - Net profit attributable to shareholders decreased by 35.16% to CNY 2,461,254.66 compared to the same period last year[10] - The company reported a basic earnings per share of CNY 0.009, down 35.16% from the previous year[10] - Total operating revenue for the current period reached ¥163,390,399.92, an increase of 7.9% compared to ¥151,441,393.56 in the previous period[30] - Net profit attributable to the parent company was ¥2,461,254.66, down 35.2% from ¥3,795,768.51 in the previous period[31] - The company reported a net loss of ¥3,160,633.47 for the current period, compared to a net profit of ¥1,435,209.66 in the previous period[31] - Basic and diluted earnings per share decreased to ¥0.009 from ¥0.013 in the previous period[31] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -1,109,701.07, a 98.13% reduction in outflow compared to the previous year[10] - The net cash flow from operating activities decreased by 98.13%, primarily due to an increase in cash received from sales and a reduction in project investments compared to the previous year[16] - Cash inflow from operating activities totaled ¥211,141,204.90, an increase from ¥192,005,762.81 in the previous period[37] - The net cash outflow from operating activities was ¥-4,291,824.29, compared to a positive cash flow of ¥16,400,922.47 in the previous period, indicating a decline in operational efficiency[43] - The cash paid for operating activities totaled ¥235,407,843.37, up from ¥99,138,405.73 in the previous period, indicating higher operational costs[43] Investment Activities - The net cash flow from investing activities decreased by 197.09%, mainly due to increased construction investments in subsidiaries compared to the same period last year[16] - Investment income increased by 498.64%, mainly due to higher earnings from invested entities compared to the previous year[16] - Investment activities generated a net cash outflow of ¥-97,128,235.59, worsening from ¥-56,528,726.83 in the previous period, highlighting increased investment expenditures[44] - The cash flow from investment activities included ¥20,662,588.88 from other investment-related cash, down from ¥39,000,000.00 in the previous period, suggesting reduced investment returns[44] Financing Activities - The net cash flow from financing activities increased by 337.22%, primarily due to an increase in new borrowings compared to the previous year[16] - Cash inflow from financing activities was ¥243,000,000.00, up from ¥73,000,000.00 in the previous period, representing a growth of approximately 233.6%[44] - The net cash flow from financing activities was ¥122,922,349.76, a recovery from a negative cash flow of ¥-56,929,444.54 in the previous period[45] - The company received ¥294,000,000.00 in borrowings during the current period, significantly higher than the ¥126,000,000.00 received in the previous period, reflecting increased leverage[39] Assets and Liabilities - Total assets increased by 3.85% to CNY 3,732,238,979.29 compared to the end of the previous year[10] - Current assets totaled RMB 1,442,498,013.34, up from RMB 1,355,946,790.30 at the beginning of the year[20] - The total liabilities increased to RMB 2,680,625,723.88 from RMB 2,539,205,112.37 at the beginning of the year[22] - The company's equity attributable to shareholders increased slightly to RMB 920,982,565.25 from RMB 918,521,310.59 at the beginning of the year[22] - Total liabilities rose to ¥1,029,541,885.81, compared to ¥892,824,682.77 in the previous period, reflecting a growth of 15.3%[27] - The company's total equity decreased slightly to ¥877,568,948.69 from ¥881,527,543.96 in the previous period[27] Shareholder Information - The number of shareholders totaled 38,321, with the top ten shareholders holding a combined 72.55% of shares[12]

Financial Performance - The company's operating revenue for 2013 was approximately CNY 733.74 million, an increase of 8.18% compared to CNY 678.29 million in 2012[25]. - The net profit attributable to shareholders for 2013 was CNY 18.82 million, reflecting a 3.24% increase from CNY 18.23 million in 2012[25]. - The basic earnings per share for 2013 was CNY 0.07, up from CNY 0.06 in 2012, representing a growth of 3.24%[23]. - The company reported a significant increase of 210.98% in the net profit after deducting non-recurring gains and losses, reaching CNY 16.25 million in 2013 compared to CNY 5.22 million in 2012[25]. - The weighted average return on equity for 2013 was 2.04%, an increase of 0.13 percentage points from 1.91% in 2012[23]. - The company achieved total operating revenue of CNY 733.74 million, an increase of 8.18% compared to the previous year[30]. - The net profit attributable to the parent company was CNY 18.82 million, showing a slight increase year-on-year[30]. - The company's main business revenue reached CNY 671,168,254.31, representing a year-on-year increase of 7.83%[39]. - The company reported a net profit of CNY 2,429.32 million from its subsidiary Zhoushan Water Supply Co., accounting for a significant portion of its earnings[42]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 49.06% to CNY 42.74 million in 2013 from CNY 83.89 million in 2012[25]. - Operating cash flow decreased by 49.06% to CNY 42.74 million, primarily due to increased investment in real estate projects[34]. - The total cash and cash equivalents at the end of the period were ¥318.82 million, down from ¥406.14 million, indicating a decrease of approximately 21.5%[149]. - The company received cash from borrowings amounting to ¥941 million, compared to ¥1.16 billion in the previous period, showing a decrease of about 19%[149]. - The cash outflow for debt repayment was ¥1.08 billion, down from ¥1.17 billion, reflecting a decrease of approximately 7.5%[149]. Assets and Liabilities - The total assets of the company at the end of 2013 were CNY 3.59 billion, an increase of 7.78% from CNY 3.33 billion at the end of 2012[25]. - The total liabilities increased to CNY 892,824,682.77 from CNY 669,314,357.23, reflecting a rise of 33.4%[136]. - The company's total liabilities increased to CNY 2,539,205,112.37 from CNY 2,246,735,069.72, reflecting a rise of about 13%[131]. - The total current liabilities rose to CNY 1,939,446,768.42 from CNY 1,613,627,488.56, an increase of approximately 20.1%[131]. - The company's long-term equity investments decreased to CNY 908,121,739.90 from CNY 983,339,561.79, a reduction of 7.6%[136]. Revenue Segmentation - The company’s water supply and treatment business revenue reached CNY 525.50 million, up 8.65% year-on-year, while pipeline installation revenue was CNY 143.21 million, a growth of 5.98%[31]. - The total water supply volume for the year was 25.22 million tons, exceeding the annual target by 3.74%, with a year-on-year growth of 5.48%[35]. - The total sewage treatment volume was 5.32 million tons, achieving 101.01% of the annual target and an increase of 8.08% year-on-year[35]. Strategic Initiatives - The company plans to raise CNY 745 million through a non-public stock issuance to support water project construction and enhance liquidity[29]. - The company is actively seeking buyers for its real estate business as part of its strategic adjustment[30]. - The company plans to enhance its water pricing strategy in response to national reforms, which is expected to positively impact its performance[49]. - The company is focusing on strengthening its core water service business while actively seeking and tracking water investment projects[53]. - The company plans to conduct management training and financial management training for its employees in 2014[99]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 14.27 million based on the total share capital of 28.53 million shares[7]. - The company has committed to a three-year dividend plan (2013-2015) and is strictly adhering to it[69]. - The total number of shares outstanding is 285,330,000, with 100% being unrestricted circulating shares[75]. - The largest shareholder, China Water Investment Co., Ltd., holds 25.55% of the shares, totaling 72,911,553 shares[79]. - The second-largest shareholder, Zhejiang Provincial Water Conservancy and Hydropower Investment Group Co., Ltd., holds 17.21% of the shares, totaling 49,105,708 shares[79]. Governance and Management - The company has maintained a stable management team with no changes in shareholding or significant turnover[85]. - The total remuneration for the board members and senior management during the reporting period amounted to CNY 425.65 million (before tax)[86]. - The company has appointed new directors and a new secretary of the board to ensure a robust governance structure following recent personnel changes[97]. - The independent directors did not raise any objections regarding company matters during the reporting period[112]. - The supervisory board found that the company operated in compliance with regulations and that internal control systems were strictly implemented[113]. Risks and Challenges - The company faces risks related to technology costs, funding needs, and market competition, which it plans to address through brand enhancement and financial support[54]. - The company plans to focus on improving profitability and managing costs in the upcoming year[165]. Compliance and Audit - The company maintained a standard unqualified audit opinion from Tianjian Accounting Firm, indicating compliance with accounting standards[125]. - The company has established a strict insider information management system to comply with regulatory requirements during significant corporate actions[104].