| --- | --- | --- | |-------|--------------------|-------| | | | | | | | | | | 证券简称：龙净环保 | | | | 转债简称：龙净转债 | | | | | | | | 转股简称：龙净转股 | | 证券代码：600388 公告编号：2021-028 转债代码：110068 转股代码：190068 福建龙净环保股份有限公司 关于参加 2021 年度福建上市公司投资者网上集体接待日活动的 公告 本公司及董事会全体成员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。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，本公司将参加由福建证监局与福建省上市公司协会、深圳市全景网络有限 公司举办的"2021 年度福建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： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式进行，投资者可以登录"全景网投资者关系互动平台" （http://ir.p5w.net）参与本 ...

Financial Performance - Net profit attributable to shareholders was approximately ¥141.10 million, an increase of 108.02% year-on-year[12]. - Operating revenue for the quarter reached approximately ¥1.90 billion, reflecting a year-on-year growth of 26.14%[12]. - The company reported a net profit excluding non-recurring gains and losses of approximately ¥144.35 million, up 187.51% year-on-year[12]. - Basic earnings per share were ¥0.13, representing a year-on-year increase of 116.67%[12]. - Net profit for Q1 2021 was ¥143,898,796.07, representing a 109.9% increase compared to ¥68,676,821.59 in Q1 2020[45]. - The total comprehensive income for Q1 2021 was ¥131,447,186.36, compared to ¥60,671,564.20 in Q1 2020, reflecting a growth of 116.7%[49]. - Net profit for Q1 2021 was ¥132,201,289.62, representing a significant increase of 153.4% from ¥52,173,760.25 in Q1 2020[47]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥24.81 billion, a decrease of 1.27% compared to the end of the previous year[12]. - The total amount of contracts on hand at the end of the quarter was approximately ¥20.34 billion, providing a solid foundation for sustained performance growth[12]. - Total liabilities decreased from CNY 18,794,198,871.04 to CNY 18,328,676,443.37, a reduction of approximately 2.5%[34]. - Current liabilities totaled CNY 14,396,542,595.56, down from CNY 15,514,426,653.13, reflecting a decrease of about 7.2%[34]. - Non-current liabilities increased from CNY 3,279,772,217.91 to CNY 3,932,133,847.81, representing an increase of approximately 19.9%[34]. - The company's retained earnings increased from CNY 3,830,755,677.14 to CNY 3,971,857,913.77, reflecting a growth of approximately 3.7%[36]. - The total equity attributable to shareholders rose from CNY 6,196,900,542.16 to CNY 6,340,045,601.66, an increase of about 2.3%[36]. Cash Flow - The net cash flow from operating activities was approximately -¥245.39 million, compared to -¥102.51 million in the same period last year[12]. - The net cash flow from operating activities was negative at -¥245,387,789.53, compared to -¥102,509,145.55 in the previous period, indicating increased cash outflows[23]. - Cash inflow from operating activities for Q1 2021 was ¥2,561,002,854.67, compared to ¥1,782,537,111.57 in Q1 2020, marking an increase of 43.5%[49]. - The company reported a total cash outflow from operating activities of 2,553,235,476.38 RMB, compared to 1,796,542,072.31 RMB in the same quarter last year[54]. - The ending balance of cash and cash equivalents was 1,099,487,756.11 RMB, down from 2,046,802,382.46 RMB in the same quarter last year[56]. Investments and Expenses - R&D expenses increased by 30.46% to ¥90,174,694.56 from ¥69,118,856.15, indicating higher investment in research and development[23]. - Research and development expenses increased to ¥90,174,694.56 in Q1 2021, up 30.5% from ¥69,118,856.15 in Q1 2020[41]. - Financial expenses decreased by 32.15% to ¥33,796,877.02 from ¥49,811,885.82, due to reclassification of interest income under new financial instrument standards[23]. - The company reported a decrease in financial expenses to ¥26,540,093.95 in Q1 2021 from ¥41,885,064.59 in Q1 2020, a reduction of 36.6%[47]. Contracts and Shareholder Information - The company secured new engineering contracts worth approximately ¥3.13 billion, a year-on-year increase of 106.40%[12]. - The company’s major shareholder, Longjing Industrial Investment Group, holds 18.09% of the shares, with significant pledges on its holdings[12]. - Contract liabilities increased from CNY 6,264,031,649.01 to CNY 6,353,386,512.92, reflecting a growth of about 1.4%[39].

Financial Performance - In 2020, the company's sales revenue reached 10.181 billion CNY, showing a consistent growth trend over the years[7]. - The company's operating revenue for 2020 was ¥10,180,764,557.17, a decrease of 6.90% compared to ¥10,935,027,561.90 in 2019[66]. - The net profit attributable to shareholders for 2020 was ¥702,788,631.29, down 17.42% from ¥851,029,698.37 in 2019[66]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥485,158,731.32, a decrease of 27.71% compared to ¥671,109,880.63 in 2019[66]. - Basic earnings per share decreased by 17.50% to CNY 0.66 from CNY 0.80 in the previous year[69]. - Diluted earnings per share fell by 23.75% to CNY 0.61 compared to CNY 0.80 in 2019[69]. - The company achieved operating revenue of 10.18 billion RMB, a decrease of 6.90% compared to the previous year[104]. - Net profit attributable to the parent company was 703 million RMB, with a net cash flow from operating activities of 2.09 billion RMB, reflecting a significant increase of 12,575.50%[104][106]. Assets and Liabilities - The total assets at the end of 2020 were ¥25,130,454,747.55, an increase of 16.44% from ¥21,583,010,928.64 at the end of 2019[66]. - The net assets attributable to shareholders at the end of 2020 were ¥6,196,900,542.16, an increase of 8.54% from ¥5,709,424,504.05 at the end of 2019[66]. - The company’s total liabilities increased due to acquisitions, impacting the cash flow from investing activities negatively by ¥2,461,554,949.13[123]. - The company reported goodwill of approximately ¥517.99 million, primarily from the acquisition of Taizhou Dechang[125]. - Short-term borrowings decreased by 42.24% to approximately ¥1.18 billion, attributed to reduced financing needs[125]. Research and Development - The company has been involved in over 117 national and provincial technology innovation projects, demonstrating its commitment to R&D[16]. - The company has developed and applied over 500 units of its internationally advanced dry ultra-clean technology, ranking first globally in application performance[27]. - Research and development expenses increased by 4.35% to 482 million RMB, indicating a focus on technological innovation[106]. - The company is actively pursuing new technologies, including anaerobic fermentation technology for kitchen waste and high-efficiency energy-saving drying technology[100]. - The company has established a strong talent pool, including top industry experts and returnee PhDs, to drive innovation and market expansion[90]. Market Position and Expansion - The company has a market share of over 50% in the ultraviolet disinfection system for municipal wastewater treatment[32]. - The company is recognized as a leading enterprise in the environmental protection industry and is the largest manufacturer of air pollution control equipment globally[82]. - The company has been actively participating in the "Belt and Road" initiative, expanding its business coverage to over 40 countries and regions[20]. - The company has expanded its product applications across various industries, including power, construction, metallurgy, and chemicals, with exports to over 40 countries[90]. - The company aims to enhance its core competitiveness by focusing on technological innovation and increasing R&D investment, particularly in areas related to carbon neutrality and environmental protection[155]. Environmental Initiatives - The company has achieved a daily waste disposal capacity exceeding 6,600 tons through multiple waste incineration power generation projects, with near-zero pollutant emissions[33]. - The company has an annual hazardous waste disposal capacity exceeding 268,000 tons, utilizing various disposal processes including incineration and flexible landfilling[34]. - The company aims to focus on expanding its environmental protection business in line with national policies promoting green development and low-carbon initiatives[128]. - The company plans to enhance its capabilities in air quality improvement, water resource management, and soil safety utilization during the 14th Five-Year Plan period[145]. - The company emphasizes the importance of quality and excellence in its products, maintaining a commitment to continuous improvement and innovation[149]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of ¥1.8 per 10 shares, totaling ¥192,430,825.38, subject to shareholder approval[47]. - In 2020, the company distributed a cash dividend of 1.80 RMB per 10 shares, totaling 192,430,825.38 RMB, which represents 27.38% of the net profit attributable to ordinary shareholders[174]. - The company plans to distribute at least 30% of the average distributable profit over the next three years, based on current profitability and cash flow conditions[179]. - The company will propose a profit distribution plan annually based on its profitability and future funding needs, subject to shareholder approval[179]. - The company has committed to maintaining independence in operations and avoiding conflicts of interest with its controlling shareholder, ensuring no competitive business activities[177]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[48]. - The company has not violated any decision-making procedures for providing guarantees[48]. - The company has not faced any risks of suspension or termination of listing during the reporting period, ensuring continued market presence[185]. - The company has maintained a good integrity status, with no instances of failing to fulfill court judgments or overdue debts[185]. - The company has appointed Rongcheng Accounting Firm for auditing, with a remuneration of ¥3.45 million for the audit period of two years[182].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥572,779,643.06, representing a year-on-year increase of 2.72%[11]. - Operating revenue for the first nine months was ¥6,965,710,566.98, a decrease of 11.43% compared to the same period last year[11]. - Basic and diluted earnings per share were both ¥0.54, an increase of 3.85% compared to the previous year[11]. - Total revenue for Q3 2020 was approximately ¥3.36 billion, a decrease of 1.8% compared to ¥3.43 billion in Q3 2019[44]. - Operating profit for Q3 2020 reached ¥446.71 million, up 36% from ¥328.14 million in Q3 2019[47]. - Net profit for Q3 2020 was ¥375.37 million, an increase of 33% compared to ¥282.38 million in Q3 2019[47]. - The total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥371.29 million, compared to ¥278.24 million in Q3 2019, marking an increase of about 33.5%[54]. - The total comprehensive income for the first three quarters of 2020 was approximately ¥579.68 million, compared to ¥562.31 million in the same period of 2019, showing a slight increase of about 3.1%[54]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥540,861,208.43, a significant recovery from a negative cash flow of ¥622,993,441.61 in the previous year[11]. - The cash flow from operating activities improved to ¥540,861,208.43 from a negative cash flow of ¥622,993,441.61 in the previous period[23]. - Total operating cash inflow for the first three quarters of 2020 reached ¥6,223,368,366.11, up from ¥5,429,968,759.51 in 2019, representing an increase of approximately 14.6%[59]. - The total cash outflow for operating activities in Q3 2020 was ¥5,682,507,157.68, down from ¥6,052,962,201.12 in Q3 2019, indicating improved operational efficiency[59]. - Cash inflow from financing activities totaled 2,769,160,150.00 CNY, slightly up from 2,699,071,315.07 CNY, marking a 2.6% increase[63]. - The net cash flow from financing activities was 418,623,908.85 CNY, compared to 328,658,666.67 CNY previously, representing a 27.4% increase[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,972,798,148.63, an increase of 15.71% compared to the end of the previous year[11]. - The company’s total liabilities saw a significant increase, with current liabilities due within one year rising by 159.42% to ¥267,381,401.80 from ¥103,070,445.76[21]. - Total liabilities amounted to ¥18.79 billion, compared to ¥15.80 billion, showing an increase of about 19%[34]. - The company’s long-term borrowings decreased to ¥988.51 million from ¥1.17 billion, a reduction of approximately 15%[34]. - Current liabilities rose to 15,927,578,533.42 CNY, an increase of 1,744,547,573.23 CNY compared to the prior period[68]. - Total liabilities decreased from ¥17,546,536,796.01 to ¥15,801,989,222.78, a reduction of ¥1,744,547,573.23[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 78,525[14]. - The largest shareholder, Longjing Industrial Group Co., Ltd., held 18.09% of the shares, with a total of 193,375,544 shares[14]. - The company’s equity attributable to shareholders increased to ¥6.04 billion from ¥5.71 billion, reflecting a growth of approximately 6%[34]. - The total equity increased from ¥5,482,082,662.37 to ¥5,781,021,705.86, an increase of ¥298,939,043.49[71]. Investments and Expenses - Research and development expenses for Q3 2020 were ¥127.37 million, a decrease of 11.2% from ¥143.38 million in Q3 2019[44]. - The total cost of goods sold for Q3 2020 was approximately ¥2.58 billion, down from ¥2.73 billion in Q3 2019, indicating a reduction of 5.5%[44]. - The company reported a tax expense of ¥70.17 million for Q3 2020, compared to ¥42.67 million in Q3 2019, reflecting a significant increase of 64.5%[47]. - The company experienced a credit impairment loss of approximately ¥19.68 million in Q3 2020, compared to a loss of ¥18.02 million in Q3 2019, indicating a slight increase in credit risk[53].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,601,194,988.60, a decrease of 18.85% compared to CNY 4,437,949,141.45 in the same period last year[21] - The net profit attributable to shareholders for the first half of 2020 was CNY 202,789,984.52, down 26.75% from CNY 276,849,361.63 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 181,622,992.24, a decrease of 25.60% compared to CNY 244,111,044.71 in the same period last year[21] - Basic earnings per share for the first half of 2020 were CNY 0.19, down 26.92% from CNY 0.26 in the same period last year[25] - The weighted average return on net assets was 3.52%, a decrease of 1.81 percentage points compared to 5.33% in the previous year[25] - The company reported a net cash flow from operating activities of CNY -661,459,318.43, indicating a significant decline compared to CNY 24,923,392.40 in the previous year[24] - The total operating income for the first half of 2020 was RMB 3.6 billion, a decrease of 18.85% compared to the same period last year[59] - The net profit for the first half of 2020 was CNY 204,385,047.16, a decline of 27.7% from CNY 282,650,624.92 in the first half of 2019[162] - The company reported a total profit of CNY 252,922,619.59 for the first half of 2020, down 25.1% from CNY 337,813,100.99 in the same period of 2019[162] Assets and Liabilities - The company's total assets increased by 14.28% to CNY 24,665,066,254.46 from CNY 21,583,010,928.64 at the end of the previous year[24] - The net assets attributable to shareholders decreased by 0.70% to CNY 5,669,262,274.30 from CNY 5,709,424,504.05 at the end of the previous year[24] - Total liabilities increased to CNY 18,861,045,241.82, up from CNY 15,801,989,222.78, representing a growth of approximately 13.0% year-over-year[148] - Current liabilities totaled CNY 15,690,235,020.62, compared to CNY 14,183,030,960.19, indicating an increase of about 10.6%[148] - Non-current liabilities rose to CNY 3,170,810,221.20, up from CNY 1,618,958,262.59, reflecting a significant increase of approximately 96.0%[148] - The company's total current assets amounted to CNY 15,315,964,180.97, compared to CNY 12,554,262,734.93, reflecting an increase of approximately 22.0%[155] Contracts and Market Position - The company achieved new contracts totaling RMB 4.998 billion in the first half of 2020, laying a solid foundation for the annual target[44] - The total amount of contracts on hand reached RMB 20.863 billion, a year-on-year increase of 7.5%, with a balanced structure between the power and non-power industries[45] - The company’s new contracts in the non-electricity sector accounted for 66% of the total, demonstrating strong competitive strength in expanding beyond traditional markets[45] - The total new orders for the power industry amounted to ¥16.91 billion, while non-power industry orders totaled ¥33.07 billion, leading to a combined total of ¥49.98 billion[74] Research and Development - R&D expenses accounted for over 4% of total revenue, with more than 1,500 R&D personnel, showcasing a strong commitment to innovation[56] - The company has over 1,000 effective patents, with 22.8% being invention patents, reflecting its strong research and development capabilities[56] - The company’s technology and product standards have reached international advanced levels, with some products being internationally leading[30] - The company’s strategic focus on innovation has led to the development of numerous high-level new products and technologies, filling domestic gaps and achieving international leadership in certain areas[35] Environmental and Compliance - The company strictly adheres to national environmental protection laws and regulations during its operations[124] - The company has implemented a self-monitoring plan for environmental protection, including monthly and quarterly testing of various pollutants[120] - The company has established an emergency plan for sudden environmental incidents[119] - The company has set a nitrogen oxides total control index of 240.77 tons per annum for its environmental compliance[114] - The total amount of sulfur dioxide control indicator is 103.1 tons per year[116] Shareholder and Governance - The company commits to maintaining independence in personnel, assets, business, finance, and organization, ensuring no harm to the interests of other shareholders[81] - The company promises not to engage in any business that competes with its main operations, including investments or acquisitions in similar companies[81] - The company has established a profit distribution plan that includes cash dividends and potential stock dividends, subject to board approval[83] - The company has committed to not transferring benefits unfairly to other entities or individuals, ensuring the protection of its interests[83] - The company will ensure that any related transactions with controlling shareholders are conducted legally and transparently[81] Employee Stock Ownership Plan - The third phase of the employee stock ownership plan involved the purchase of 3,660,700 shares, accounting for 0.34% of the company's total share capital[87] - The fourth phase of the employee stock ownership plan involved the purchase of 4,508,300 shares, accounting for 0.42% of the company's total share capital[87] - The fifth phase of the employee stock ownership plan involved the purchase of 5,160,702 shares, accounting for 0.48% of the company's total share capital[87] - The sixth phase of the employee stock ownership plan involved the purchase of 7,499,118 shares, accounting for 0.70% of the company's total share capital[87] - The seventh phase of the employee stock ownership plan involved the purchase of 9,759,390 shares, accounting for 0.91% of the company's total share capital[87] Financial Instruments and Credit - The company issued 2 billion RMB of convertible bonds, with a net amount of 1.9797 billion RMB received after deducting issuance costs[104] - As of the end of the reporting period, there were 69,789 holders of the convertible bonds, with the largest holder owning 361.61 million RMB, representing 18.08% of the total[105] - The company has not experienced any significant changes in its debt situation or credit status during the reporting period[112] - The company provided guarantees totaling 78.58 million RMB to subsidiaries during the reporting period, with a remaining balance of 675.58 million RMB at the end of the period[101]

Financial Performance - Operating revenue decreased by 7.40% to CNY 1,508,706,491.19 year-on-year[11] - Net profit attributable to shareholders decreased by 35.10% to CNY 67,830,038.49 compared to the same period last year[11] - Basic and diluted earnings per share decreased by 40.00% to CNY 0.06[11] - Total operating revenue for Q1 2020 was ¥1,508,706,491.19, a decrease of 7.4% compared to ¥1,629,266,795.42 in Q1 2019[36] - Net profit for Q1 2020 was ¥68,676,821.59, a decline of 35% from ¥105,578,119.81 in Q1 2019[39] - Earnings per share for Q1 2020 was ¥0.06, compared to ¥0.10 in Q1 2019[39] - The company reported a total comprehensive income of ¥74,988,786.94 for Q1 2020, compared to ¥105,459,407.59 in Q1 2019[39] - The company reported a decrease in sales expenses, which were ¥45,936,603.25 in Q1 2020, slightly up from ¥44,365,264.51 in Q1 2019[36] - The company reported a decrease in management expenses to ¥86,713,371.47 in Q1 2020 from ¥88,427,375.17 in Q1 2019[36] - Operating revenue for the first quarter was approximately $965.74 million, a decrease from $1.41 billion in the same period last year, representing a decline of about 31%[42] - Net profit for the first quarter was approximately $52.17 million, down from $93.96 million year-over-year, indicating a decrease of around 44%[42] - The total profit for the quarter was approximately $64.49 million, compared to $110.80 million in the previous year, reflecting a decline of about 42%[42] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly, with a net cash flow of CNY -102,509,145.55, an increase of CNY 4.51 million compared to the previous year[11] - The net cash flow from operating activities improved to -¥102,509,145.55 from -¥553,148,983.24[21] - Cash flow from operating activities resulted in a net outflow of approximately $102.51 million, an improvement from a net outflow of $553.15 million in the same quarter last year[44] - Cash inflow from operating activities totaled 1,683,125,327.32 RMB, up from 1,269,700,307.16 RMB year-over-year[47] - Cash outflow from operating activities decreased to 1,796,542,072.31 RMB from 1,924,847,539.34 RMB in the previous year[47] - The net cash flow from investing activities was -112,670,663.96 RMB, compared to -23,536,558.46 RMB in the same quarter last year[47] - Cash inflow from financing activities was 2,807,296,950.00 RMB, significantly higher than 1,373,720,711.58 RMB in the previous year[47] - The net cash flow from financing activities increased to 2,071,106,964.07 RMB from 651,580,576.56 RMB year-over-year[47] - The total cash and cash equivalents at the end of the period reached 4,083,957,793.69 RMB, compared to 2,414,106,119.73 RMB at the end of the same quarter last year[47] Assets and Liabilities - Total assets increased by 14.40% to CNY 24,691,976,836.32 compared to the end of the previous year[11] - The total assets increased to ¥24,691,976,836.32 from ¥21,583,010,928.64[25] - Total liabilities increased to ¥18,789,530,989.33, up from ¥15,801,989,222.78, representing a growth of approximately 18.8% year-over-year[27] - Current assets rose to ¥16,260,549,907.54, compared to ¥12,554,262,734.93, marking an increase of about 29.5%[30] - Total liabilities decreased to CNY 15,801,989,222.78 from CNY 17,546,536,796.01, a decline of CNY 1,744,547,573.23[54] - Total assets amounted to approximately $18.46 billion, a decrease of $1.51 billion compared to the previous period[57] - Non-current liabilities totaled approximately $806.48 million, remaining stable compared to the previous period[57] - Current liabilities increased by approximately $1.64 billion, reaching a total of $12.92 billion[57] - The total liabilities increased by approximately $1.64 billion, totaling approximately $13.73 billion[57] Shareholder Information - The number of shareholders at the end of the reporting period was 93,474[15] - The largest shareholder, Longjing Industrial Group Co., Ltd., holds 18.09% of the shares[15] Government Support - The company received government subsidies amounting to CNY 21,358,069.04 related to its normal business operations[12] Research and Development - The company capitalized R&D expenses, which increased by 47.01% to ¥16,753,396.63 from ¥11,396,317.02[18] - Research and development expenses for Q1 2020 were ¥69,118,856.15, a decrease of 11.9% from ¥78,453,384.45 in Q1 2019[36] - Research and development expenses were approximately $29.65 million, compared to $33.02 million in the previous year, showing a decrease of about 10%[42]

Financial Performance - The company's operating revenue for 2019 was CNY 10,935,027,561.90, representing a 16.30% increase compared to CNY 9,402,298,371.62 in 2018[22] - The net profit attributable to shareholders for 2019 was CNY 851,029,698.37, which is a 6.22% increase from CNY 801,217,236.99 in the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 671,109,880.63, showing a decrease of 4.51% compared to CNY 702,818,593.59 in 2018[22] - The company's total assets at the end of 2019 were CNY 21,583,010,928.64, an increase of 14.47% from CNY 18,853,916,246.49 at the end of 2018[25] - The net assets attributable to shareholders increased by 13.07% to CNY 5,709,424,504.05 from CNY 5,049,294,820.96 in 2018[25] - The basic earnings per share for 2019 was CNY 0.80, up 6.67% from CNY 0.75 in 2018[26] - The weighted average return on net assets was 15.89% for 2019, a decrease of 0.77 percentage points from 16.66% in 2018[26] - The net cash flow from operating activities was CNY 16,518,521.51, a significant decrease of 96.01% compared to CNY 413,960,729.84 in 2018[22] Business Expansion and Strategy - The company expanded its business into waste-to-energy operations and hazardous waste treatment, establishing subsidiaries such as Longjing Energy and Longjing Water Environment[35] - The company aims to enhance its operational assets investment while maintaining growth in its EPC engineering business, targeting sustainable revenue and profit growth[35] - The market for flue gas treatment is shifting towards non-electric sectors, with increasing demand in industries such as steel, cement, and chemicals[44] - The company anticipates a favorable market outlook for waste incineration, with a projected investment of CNY 251.84 billion in urban waste treatment facilities by 2020[45] - The hazardous waste disposal industry is expected to remain in a high prosperity cycle over the next 3-5 years, driven by increasing production rates and stricter environmental regulations[45] - The company emphasizes innovation as a core development philosophy, focusing on technological advancements in pollution reduction and control[40] - The company has established a management model that promotes internal market-oriented management and economic responsibility among its subsidiaries[39] Contracts and Backlog - In 2019, the company achieved a record high with new contracts totaling 14.84 billion RMB, operating revenue of 10.935 billion RMB, and a net profit attributable to shareholders of 851 million RMB[50] - The company had an outstanding backlog of contracts amounting to 19.48 billion RMB at the end of 2019, providing a solid foundation for future growth and profitability[50] - The company signed new contracts worth 148.40 billion (including tax) in 2019, an increase of 14.15% compared to the previous year[104] - The company actively expanded into non-air environmental protection fields, achieving significant breakthroughs in new contracts[104] Research and Development - The company has over 1,000 authorized patents, ranking first in the environmental technology sector among A-share listed companies, reflecting its strong research and innovation capabilities[63] - The company’s dry desulfurization technology has reached an international leading level, enhancing its competitive edge in the non-electric flue gas treatment market[61] - The company reported a total of 1,514 R&D personnel, accounting for 20.31% of the total workforce[87] - The company has implemented over 200 key R&D projects and over 100 national and provincial technology innovation projects as of March 2020[64] - Research and development expenses amounted to 462 million RMB, reflecting a 5.91% increase year-on-year[68] Financial Management - The company received government subsidies that increased other income by 33.60% to 116.5 million RMB[68] - The company’s financial expenses increased by 93.68% due to a larger financing amount during the period[68] - Investment income surged by 176.14% to 87.7 million RMB, primarily due to the sale of assets and adjustments in accounting standards[68] - The gross profit margin for the environmental equipment segment was 21.98%, a decrease of 1.99 percentage points compared to the previous year[78] - The gross profit margin decreased by 1.92 percentage points to 22.24% from 24.16%[79] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 21,381,000.00[5] - The cash dividend for the 2018 fiscal year was 1.70 RMB per 10 shares, amounting to 180.61 million RMB, which accounted for 22.54% of the net profit attributable to ordinary shareholders[154] - The company has committed to distributing at least 30% of the average distributable profit over the next three years, with specific annual distribution ratios to be proposed by the board based on annual profitability and future funding plans[160] - The company’s cash dividend policy is designed to balance operational needs, shareholder returns, and future development[150] Operational Challenges - The company faces intensified industry competition and rising costs, leading to increased pressure on project profitability[145] - The company’s operational management capabilities are being tested as ongoing projects continue to expand[148] - The company has seen an increase in contracts on hand, necessitating more human and material resources for project execution[146] Compliance and Governance - The company has committed to maintaining independence in its operations and avoiding conflicts of interest with its controlling shareholders[155] - The company will take measures to compensate for any dilution of immediate returns from the issuance of convertible bonds, ensuring the protection of shareholder interests[158] - The company has established a commitment to not engage in any competitive business activities that threaten its main operations, ensuring long-term compliance with the non-competition agreement[158] - The company’s board of directors has committed to strict compliance with regulations following a violation by a board member regarding stock trading during a blackout period[175] Future Outlook - The company aims to become a world-class ecological and environmental enterprise with international competitiveness, focusing on technological innovation and market expansion[134] - The company is focusing on core technology development in key areas such as water, solid waste, and soil remediation to support sustainable growth[138] - The company is committed to achieving a 90% safe utilization rate of polluted farmland and a 73% comprehensive utilization rate of industrial solid waste by 2020, in line with national environmental policies[129]

Financial Performance - Operating revenue for the first nine months reached CNY 7,864,718,756.03, a 39.01% increase year-on-year[18] - Net profit attributable to shareholders was CNY 557,620,539.94, reflecting a 5.24% increase compared to the same period last year[18] - The company reported a basic earnings per share of CNY 0.52, up 4.00% from CNY 0.50 in the previous year[18] - Total operating revenue for Q3 2019 reached ¥3,426,769,614.58, a 42% increase from ¥2,415,005,747.65 in Q3 2018[48] - Net profit for Q3 2019 was ¥282,377,813.94, compared to ¥281,218,933.43 in Q3 2018, reflecting a slight increase[50] - The company's operating revenue for Q3 2019 was approximately ¥2.10 billion, a slight increase from ¥2.04 billion in Q3 2018, representing a growth of about 8.5%[52] - The total comprehensive income attributable to the parent company for Q3 2019 was approximately ¥278.24 million, compared to ¥280.94 million in Q3 2018, showing a slight decrease of 1.0%[52] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -622,993,441.61, showing a significant decline compared to CNY -201,227,504.85 in the previous year[18] - The company's cash flow from operating activities remains a concern, indicating potential liquidity issues moving forward[18] - Operating cash inflow totaled CNY 5,429,968,759.51, an increase from CNY 4,708,221,400.96 in the previous period[60] - Operating cash outflow amounted to CNY 6,052,962,201.12, compared to CNY 4,909,448,905.81 previously, resulting in a net cash flow from operating activities of -CNY 622,993,441.61[60] - Cash inflow from financing activities reached CNY 3,548,084,984.23, up from CNY 2,887,699,933.25 in the prior period[62] - Cash and cash equivalents at the end of the period were CNY 2,217,805,160.25, down from CNY 1,268,951,697.90[62] Assets and Liabilities - Total assets increased by 9.98% to CNY 20,736,301,728.93 compared to the end of the previous year[18] - Non-current assets totaled CNY 4,141,218,860.05, up from CNY 3,500,020,710.73, reflecting a growth of about 18.36%[39] - Current liabilities rose to CNY 13,652,806,588.88 from CNY 12,971,920,192.62, indicating an increase of approximately 5.27%[39] - Total liabilities reached CNY 15,169,192,947.52, up from CNY 13,765,010,729.54, indicating a growth of about 10.21%[39] - The company's total equity increased to CNY 5,567,108,781.41 from CNY 5,088,905,516.95, reflecting a rise of approximately 9.39%[39] Operating Costs and Expenses - The company's operating costs rose by 47.25% to CNY 621,117.45 million, corresponding to the increase in revenue[36] - The financial expenses surged by 148.89% to CNY 11,052.88 million due to increased interest expenses from external financing[36] - Research and development expenses for Q3 2019 amounted to ¥143,379,738.11, an increase of 26% from ¥113,420,873.94 in Q3 2018[48] - The company's total operating costs for Q3 2019 were approximately ¥1.79 billion, up from ¥1.56 billion in Q3 2018, indicating an increase of about 14.9%[55] Shareholder Information - The largest shareholder, Longjing Industrial Group Co., Ltd., holds 18.09% of the shares, with a total of 193,375,544 shares[22] - The company has not experienced any changes in its controlling shareholder during the reporting period[24] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[48]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,437,949,141.45, representing a 36.87% increase compared to CNY 3,242,459,191.55 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 276,849,361.63, up 10.49% from CNY 250,553,794.70 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 244,111,044.71, an increase of 15.21% compared to CNY 211,881,941.33 in the same period last year[19]. - The basic earnings per share for the first half of 2019 was CNY 0.26, reflecting a 13.04% increase from CNY 0.23 in the same period last year[20]. - The total comprehensive income for the first half of 2019 was CNY 282,460,091.39, compared to CNY 254,182,296.59 in the same period of 2018, showing an increase of about 11%[117]. - The net profit for the first half of 2019 was CNY 121,664,168.74, compared to a net loss of CNY 870,300,296.23 in the same period of 2018, indicating a significant turnaround[122]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 19,170,313,204.84, a 1.68% increase from CNY 18,853,916,246.49 at the end of the previous year[19]. - The total assets at the end of the period amounted to 19.17 billion RMB, with net assets of 5.21 billion RMB, both hitting historical highs[38]. - Total liabilities amounted to ¥13,910,882,705.93, up from ¥13,765,010,729.54, which is an increase of approximately 1.05%[108]. - Current liabilities totaled ¥12,946,386,435.10, slightly down from ¥12,971,920,192.62, indicating a decrease of about 0.20%[108]. - Total non-current assets increased to ¥3,601,129,567.95 from ¥3,500,020,710.73, reflecting a growth of approximately 2.89%[108]. Cash Flow - The company reported a net cash flow from operating activities of CNY -661,459,318.43, indicating a significant increase in cash outflow compared to CNY -276,075,114.82 in the previous year[19]. - Cash inflow from operating activities totaled CNY 3,336,469,064.64, up from CNY 2,943,956,150.50 in the first half of 2018, reflecting a growth of approximately 13.3%[126]. - Cash outflow from operating activities was CNY 3,997,928,383.07, compared to CNY 3,220,031,265.32 in the previous year, resulting in a net cash flow from operating activities of CNY -661,459,318.43[126]. - Cash and cash equivalents decreased to ¥1,228,627,782.19 from ¥1,740,805,085.50, representing a decline of 29.4%[112]. Research and Development - The company added 81 new patents during the reporting period, bringing the total to 841, including 218 invention patents[33]. - Research and development expenses amounted to 177 million RMB, reflecting a 4.64% increase compared to the previous year[38]. - Research and development expenses for the first half of 2019 totaled CNY 83,357,280.14, down from CNY 93,619,964.63 in the first half of 2018, indicating a decrease of approximately 11%[119]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[56]. - The company plans to distribute profits in cash, stock, or a combination of both, with a minimum of 30% of the average distributable profit over the next three years[58]. - The company’s major shareholder, Longjing Industrial Group, holds 17.17% of the shares, with a total of 183,525,140 shares[98]. - The company reported a total of 94,126 common stock shareholders by the end of the reporting period[95]. Corporate Governance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[152]. - The company is committed to maintaining independence in operations and avoiding conflicts of interest with its controlling shareholder[56]. - The company will ensure that any related party transactions are conducted legally and transparently, protecting the interests of shareholders[58]. Market Position and Strategy - The company is a leading enterprise in the field of air pollution control, focusing on the research, development, design, manufacturing, installation, debugging, and operation of environmental protection products[26]. - The company has established a development strategy to expand into the entire ecological environmental protection field, actively exploring new businesses such as industrial wastewater treatment and VOCs governance[26]. - The company faces risks related to environmental policies and potential market competition due to the attractiveness of the environmental industry[51]. Financial Management - The company has maintained a consistent capital structure since its establishment, with significant equity contributions from shareholders[147]. - The company’s financial performance indicates a robust growth trajectory, supported by effective capital management strategies[146]. - The company has not experienced any significant changes in its core competitiveness factors such as technology, talent, and marketing during the reporting period[30].

证券代码：600388 证券简称：龙净环保编号：临 2019-035 福建龙净环保股份有限公司 关于参加2019年福建辖区上市公司投资者集体接待日活动的公告 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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况等 投资者所关心的问题，公司定于 2019 年 7 月 18 日下午 14:00-17:00 参加由福 建证监局协同深圳市全景网络有限公司组织开展的 2019 年福建辖区上市公 司投资者集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采 取 网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 ·路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 18 日 14:00 至 17:00。 出席本次集体接待日的人员有：公司总经理罗如生先生、财务总监冯 ...