Financial Performance - The company's operating revenue for Q1 2022 was ¥1,943,818,825.70, representing a year-on-year increase of 2.14%[5] - Net profit attributable to shareholders was ¥177,798,317.01, reflecting a significant increase of 26.01% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥156,849,468.16, up by 8.66% year-on-year[5] - Basic earnings per share for the quarter were ¥0.17, an increase of 30.77% year-on-year[5] - The diluted earnings per share were ¥0.15, reflecting a 25.00% increase compared to the same period last year[5] - The total comprehensive income for the first quarter of 2022 was CNY 177,649,538.34, compared to CNY 145,926,071.07 in the same period of 2021, representing an increase of approximately 21.8%[32] - Basic earnings per share for the first quarter of 2022 were CNY 0.17, up from CNY 0.13 in the first quarter of 2021, reflecting a growth of 30.8%[32] - Net profit for Q1 2022 reached CNY 177,325,960.77, up from CNY 143,898,796.07 in Q1 2021, indicating a growth of approximately 23.2%[31] Assets and Liabilities - The total assets at the end of Q1 2022 reached ¥27,192,841,264.55, marking a 1.05% increase from the end of the previous year[8] - The company's total assets amounted to CNY 27,192,841,264.55, compared to CNY 26,909,559,947.41 in the previous period, showing an increase of about 1.0%[27] - Total liabilities were CNY 19,955,085,168.50, slightly up from CNY 19,885,193,999.32, marking an increase of approximately 0.4%[27] - The company's equity attributable to shareholders increased to CNY 7,068,464,957.07 from CNY 6,887,767,299.21, reflecting a growth of about 2.6%[27] - The company reported a 91.46% increase in current liabilities due to an increase in short-term borrowings[10] - The company's total liabilities as of March 31, 2022, increased compared to the previous year, indicating a potential increase in leverage[41] Cash Flow - The net cash flow from operating activities was negative at -¥340,287,097.61, indicating a significant cash outflow[5] - Net cash flow from operating activities for the first quarter of 2022 was -CNY 340,287,097.61, compared to -CNY 245,387,789.53 in the first quarter of 2021, indicating a decline in cash flow[37] - The ending cash and cash equivalents balance as of March 31, 2022, was CNY 1,591,777,507.36, down from CNY 1,909,022,221.40 at the end of 2021[39] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 1,382,648,549.14 in the first quarter of 2022, compared to CNY 2,425,456,774.52 in the same period of 2021, reflecting a decline of approximately 43%[37] - Cash inflow from investment activities in the first quarter of 2022 was CNY 2,126,141,910.54, significantly higher than CNY 1,243,151,525.52 in the same period of 2021, marking an increase of approximately 71.1%[39] - Cash outflow from investment activities for the first quarter of 2022 totaled CNY 2,267,539,043.50, compared to CNY 1,536,524,479.49 in the first quarter of 2021, which is an increase of about 47.5%[39] - The net cash flow from financing activities for the first quarter of 2022 was CNY 203,659,358.56, a turnaround from -CNY 14,606,371.62 in the first quarter of 2021[39] Shareholder Information - Total number of common shareholders at the end of the reporting period was 77,170[14] - The largest shareholder, Longjing Industrial Investment Group Co., Ltd., holds 18.09% of the shares[14] Research and Development - Research and development expenses for Q1 2022 were CNY 106,457,899.03, compared to CNY 90,174,694.56 in Q1 2021, representing an increase of approximately 17.9%[31] - Research and development expenses increased to ¥64,837,371.90 in Q1 2022, compared to ¥47,475,149.80 in Q1 2021, marking a rise of 36.6%[49] Inventory and Receivables - Accounts receivable increased to approximately ¥2.80 billion from ¥2.81 billion year-over-year[22] - Inventory decreased slightly to approximately ¥8.45 billion from ¥8.50 billion year-over-year[22] - The company’s inventory as of March 31, 2022, was CNY 5,132,617,315.83, up from CNY 4,563,043,966.58 at the end of 2021, indicating a growth of approximately 12.5%[41]

Financial Performance - The company's operating revenue for 2021 was CNY 11,296,737,387.04, representing a 10.96% increase compared to CNY 10,180,764,557.17 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 860,348,555.40, which is a 22.42% increase from CNY 702,788,631.29 in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 696,370,706.09, showing a significant increase of 43.53% compared to CNY 485,158,731.32 in 2020[22]. - Basic earnings per share increased by 21.21% to CNY 0.80 in 2021 compared to CNY 0.66 in 2020[25]. - Diluted earnings per share rose by 19.67% to CNY 0.73 in 2021 from CNY 0.61 in 2020[25]. - The company achieved operating revenue of 11.30 billion RMB, a year-on-year increase of 10.96%[92]. - Net profit attributable to the parent company reached 860 million RMB, with net cash flow from operating activities at 1.21 billion RMB, reflecting stable operations[92][93]. - Total assets increased to 26.95 billion RMB, and net assets reached 6.89 billion RMB, marking a new high for the company[92]. Cash Flow and Assets - The net cash flow from operating activities decreased by 42.03% to CNY 1,213,764,912.23 from CNY 2,093,804,841.49 in 2020[22]. - The total assets at the end of 2021 were CNY 26,909,559,947.41, an increase of 7.08% from CNY 25,130,454,747.55 at the end of 2020[22]. - The net assets attributable to shareholders increased by 11.15% to CNY 6,887,767,299.21 from CNY 6,196,900,542.16 at the end of 2020[22]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares for the 2021 fiscal year[6]. - The board has approved a dividend payout of 1 billion RMB, representing a 10% increase from the previous year[168]. Risk Management - There are no significant risks reported that could affect the company's operations[10]. - The company has detailed its future development risks in the board report, indicating a proactive approach to risk management[7]. Technological Advancements and R&D - The company has actively pursued new qualifications and certifications, enhancing its brand value and overall strength[34]. - The company completed the development and application of several key technologies, including low-temperature industrial flue gas denitrification catalysts and AI-based high-pressure control systems[45]. - The total R&D expenditure was ¥494,297,173.49, representing 4.38% of operating revenue, with no capitalized R&D expenses[108]. - The company is investing 500 million RMB in research and development for innovative solutions in environmental protection[168]. Market Position and Expansion - The company is the largest manufacturer of air pollution control equipment globally, maintaining the industry's leading position for over a decade with advanced technology and high-quality solutions[56]. - The company is actively expanding its business in the new energy sector, focusing on ammonia-hydrogen energy technology and related projects[62]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[168]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 500 million RMB allocated for potential deals[171]. Environmental Commitment - The company aims to become a globally competitive ecological and environmental technology enterprise, aligning with national carbon neutrality goals[33]. - The company is committed to achieving dual carbon goals, focusing on pollution reduction and ecological protection as part of its strategic initiatives[119]. - The company is focusing on strategic acquisitions to enhance its market position[163]. Governance and Management - The company maintains independence from its controlling shareholder, ensuring no interference in operational activities and protecting minority shareholders' interests[152]. - The board of directors operates in accordance with established rules, with various committees providing professional insights for decision-making[149]. - The company has established a robust internal control system, revising its internal control manual to enhance governance[152]. Employee and Organizational Structure - The total number of employees in the parent company is 2,760, while the main subsidiaries employ 4,957, resulting in a total of 7,717 employees[196]. - The professional composition includes 3,103 production personnel, 660 sales personnel, 2,592 technical personnel, 203 financial personnel, and 1,159 administrative personnel[196]. - The company has a total of 12,200 shares held by supervisor Liao Wei at the end of the reporting period[161]. Future Outlook - The company provided a future outlook with a revenue guidance of 12 billion RMB for the next fiscal year, indicating a growth target of 20%[168]. - The company plans to implement a new marketing strategy that is expected to increase brand awareness by 40%[171]. - The company has set ambitious performance targets for the upcoming fiscal year[163].

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,361,147,046.82, a decrease of 0.10% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥289,109,121.81, representing a decline of 21.86% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥249,625,036.68, down 22.60% from the previous year[9]. - The basic earnings per share for Q3 2021 was ¥0.27, a decrease of 22.86% compared to the same period last year[9]. - The company's total revenue for the first three quarters of 2021 reached 8.24 billion RMB, compared to 6.97 billion RMB in the same period of 2020, indicating a growth of approximately 18.25%[26]. - Net profit reached ¥700,477,373.98, a significant increase from ¥579,750,289.91, marking a growth of approximately 20.8%[30]. - The company reported a total comprehensive income of ¥699,592,760.59, compared to ¥579,676,109.54, reflecting an increase of about 20.6%[32]. - Basic earnings per share increased to ¥0.65 from ¥0.54, representing a growth of approximately 20.4%[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥26,836,756,527.16, an increase of 6.79% from the end of the previous year[9]. - As of September 30, 2021, the company's total assets amounted to 26.84 billion RMB, an increase from 25.13 billion RMB at the end of 2020[24]. - The company's total liabilities increased to approximately 19.97 billion RMB from 18.79 billion RMB at the end of 2020[26]. - Total liabilities stood at approximately $18.79 billion, indicating no change from the previous period[45]. - The company has a long-term debt of approximately $983.11 million, unchanged from the previous period[45]. Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was ¥6,716,857,715.54, up 8.39% year-on-year[9]. - The company reported a total equity of approximately 6.86 billion RMB as of September 30, 2021, compared to 6.34 billion RMB at the end of 2020[26]. - Total equity attributable to shareholders reached approximately ¥6.20 billion[46]. - Total equity, including minority interests, was approximately ¥6.34 billion[46]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥348,607,160.13, a decrease of 35.55% compared to the same period last year[9]. - Cash flow from operating activities generated ¥348,607,160.13, down from ¥540,861,208.43, a decrease of approximately 35.5%[36]. - Total cash and cash equivalents at the end of the period decreased to $1.26 billion from $3.11 billion, reflecting a net decrease of $1.20 billion[38]. - Cash inflow from financing activities was $682.19 million, down from $1.41 billion in the previous period, showing a decline in financing received[38]. - The cash outflow for financing activities was $1.90 billion, compared to $2.76 billion in the previous period, showing a reduction in cash used for financing[38]. Operational Highlights - The company secured new engineering contracts worth 8.25 billion RMB in the first three quarters of 2021, representing a year-on-year increase of 10.48%, with a total backlog of 20.52 billion RMB[18]. - The company's accounts receivable increased to approximately 2.99 billion RMB from 2.67 billion RMB at the end of 2020[21]. - The company's inventory decreased to approximately 8.65 billion RMB from 9.23 billion RMB at the end of 2020[21]. - Long-term borrowings rose to approximately 2.01 billion RMB from 983.11 million RMB at the end of 2020[26]. - Total operating costs rose to ¥7,461,230,253.94, compared to ¥6,323,139,653.93, reflecting an increase of about 18.0%[30]. - Research and development expenses amounted to ¥321,936,191.80, up from ¥291,745,526.72, indicating an increase of about 10.3%[30]. - The company recorded a net investment income of ¥30,347,098.17, compared to a loss of ¥8,715,959.17 in the previous period[30].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥4,875,588,568.62, representing a 35.39% increase compared to ¥3,601,194,988.60 in the same period last year[22]. - Net profit attributable to shareholders for the first half of 2021 was ¥404,003,806.25, a significant increase of 99.22% from ¥202,789,984.52 in the previous year[22]. - The net cash flow from operating activities was ¥140,983,476.41, showing a remarkable increase of 465.67% compared to ¥24,923,392.40 in the same period last year[22]. - The basic earnings per share for the first half of 2021 was ¥0.38, doubling from ¥0.19 in the same period last year, indicating a 100% increase[23]. - The diluted earnings per share increased by 78.95% to ¥0.34 from ¥0.19 in the previous year[23]. - The company's total assets as of the end of the reporting period were ¥25,753,114,860.09, a 2.48% increase from ¥25,130,454,747.55 at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were ¥6,410,366,411.81, reflecting a 3.44% increase from ¥6,196,900,542.16 at the end of the previous year[22]. - The weighted average return on equity for the first half of 2021 was 6.34%, an increase of 2.82 percentage points from 3.52% in the same period last year[23]. Research and Development - The company is recognized as a national innovative enterprise and a national technology innovation demonstration enterprise, reflecting its strong R&D capabilities[28]. - The company has received 4 national science and technology progress awards and holds 1,373 patents, including 263 invention patents, showcasing its strong innovation capabilities[47]. - The company completed four technology development projects, including vacuum heat pipe low-temperature economizer technology and AI-based smart high-pressure control systems[80]. - As of June, the company held 1,373 authorized patents, including 263 invention patents, with 145 new patents granted in the first half of the year[80]. - The company has established a technical research center to enhance detection of arsenic and nickel in materials[145]. Environmental Initiatives - The company has established an independent energy subsidiary for waste incineration power generation, contributing stable operating profits[34]. - The company is actively responding to national carbon neutrality strategies with seven major pollution reduction and carbon reduction initiatives[34]. - Longjing Environmental announced seven major actions to support China's carbon peak and carbon neutrality goals, focusing on carbon capture and utilization (CCUS) technologies[60]. - The company aims to achieve a carbon capture efficiency of less than 1 kg/t CO2 and a comprehensive cost of less than 200/t CO2 through its CCUS demonstration project[60]. - Longjing's initiatives in the steel industry are expected to reduce carbon emissions by approximately 68,000 tons per sintering machine annually, contributing to a total reduction of 2 million tons of CO2 nationwide[60]. - The company is focusing on the resource utilization of organic waste, providing solutions that can reduce carbon emissions by approximately 22,300 tons annually[63]. - Longjing is establishing a carbon reduction research center to enhance its capabilities in air pollutant and greenhouse gas reduction[63]. - The company is actively promoting green and environmentally friendly production practices to minimize environmental impact[148]. Market Position and Strategy - The company holds a market share of approximately 30% in the environmental control equipment sector, with over 100 authorized patents[38]. - The company is actively expanding its market share in the solid waste and water service sectors, leveraging acquisitions and order acquisitions to enhance its competitive position[59]. - The new solid waste law implemented on September 1, 2020, is expected to benefit the entire solid waste industry chain, providing growth opportunities for the company[59]. - The company has built 11 large R&D and manufacturing bases across China, covering an area of over 1 million square meters, to support its production capabilities[47]. - The company aims to complete the digital management system transformation by 2022, enhancing operational efficiency through the ERP project[54]. - The company has a strong talent pool, including 18 international industry experts and 20 senior engineers, to drive its technological advancements[51]. Compliance and Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer during this reporting period[6]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[7]. - The company has not faced severe penalties that would harm investor rights or public interests[147]. - Longjing Environmental has committed to maintaining transparency and compliance in related party transactions, ensuring no harm to the interests of the company and its shareholders[156]. - The company has not engaged in any non-operating fund occupation by major shareholders or related parties during the reporting period[159]. Financial Management - The company has engaged in a financing lease transaction with a total amount of RMB 270.33 million (27,033.01 ten thousand) over a period of 3 years[163]. - The company has provided a guarantee of RMB 11 million (1,100.00 ten thousand) for Kavantah (Shijiazhuang) New Energy Technology Co., Ltd., with a guarantee period from December 4, 2020, to January 23, 2037[169]. - The company plans to raise up to RMB 2.8 billion (280,000.00 ten thousand) through a private placement, with specific projects allocated as follows: RMB 610 million (61,000.00 ten thousand) for the Chen Zhuang Industrial Park solid waste disposal center project[174]. - The total investment for the Shandong Zhongbin Environmental Protection solid waste comprehensive disposal center project is RMB 977.43 million (97,743.09 ten thousand), with RMB 700 million (70,000.00 ten thousand) planned to be funded through the private placement[174]. - The company has a total guarantee amount of RMB 1.287 billion (128,793.24 ten thousand), which accounts for 20.78% of the company's net assets[171]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[162]. - The company has not faced any violations or penalties related to its operations or those of its major shareholders during the reporting period[162]. - The company has obtained environmental impact assessment approval for multiple phases of its incineration projects, with the latest approval for phase four issued in 2019[104]. - The company is classified as a key pollutant discharge unit, with a focus on managing major pollutants[107]. - The company has implemented corrective measures including timely payment of fines and investigation into high levels of arsenic and nickel in materials[145].

| --- | --- | --- | |-------|--------------------|-------| | | | | | | | | | | 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]