江西洪城环境股份有限公司独立董事 关于第八届董事会第七次临时会议相关事项的独立意见 根据《中华人民共和国证券法》《上海证券交易所股票上市规则》《关于在 上市公司建立独立董事制度的指导意见》和《公司章程》等法律、法规和规范性 文件的规定，我们作为江西洪城环境股份有限公司(以下简称"公司")的独立董 事，参加了公司第八届董事会第七次临时会议并参与投票表决，现就本次会议相 关事项发表如下独立意见： 关于《江西洪城环境股份有限公司 2023 年半年度募集资金实际存放与使用 情况的专项报告》的独立意见 公司2023年半年度募集资金实际存放和使用符合《上市公司证券发行管理办 法》《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求》 《上海证券交易所上市公司自律监管指引第1号—规范运作》等有关法律、法规 及公司《募集资金管理办法》的要求，对募集资金进行了专户存放和专项使用， 不存在变相改变募集资金用途和损害股东利益的情形，不存在违规存放和使用募 集资金的情形。 (以下无正文) 独立董事：邵鹏辉、李秀香、邵军、吉伟莉 二〇二三年八月十五日 ...

江西洪城环境股份有限公司 | 证券代码：600461 | 证券简称：洪城环境 | 公告编号：临 2023－052 | | --- | --- | --- | | 债券代码：110077 | 债券简称：洪城转债 | | 第八届监事会第七次临时会议决议公告 本公司及监事会全体成员保证公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 江西洪城环境股份有限公司（以下简称"公司"或"洪城环境"）第八届监 事会第七次临时会议于 2023 年 8 月 15 日在公司十五楼会议室召开。应出席会 议监事 3 人，到会监事 3 人，全体监事均亲自出席会议，符合《公司法》等法 律、法规和《公司章程》的有关规定。 本次会议由监事会主席邱小平女士主持，经各位监事认真审议，经一致表决 作出如下决议： 一、审议通过了《关于<江西洪城环境股份有限公司 2023 年半年度报告及 其摘要>的议案》 公司监事会根据中国证监会《公开发行证券的公司信息披露内容与格式准则 第3号——半年度报告的内容与格式（2021年修订）》《上海证券交易所股票上市 规则（2023年2月修订）》《上海证券交易所上市公 ...

| 证券代码：600461 | 证券简称：洪城环境 | 公告编号：临 2023－050 | | --- | --- | --- | | 债券代码：110077 | 债券简称：洪城转债 | | 江西洪城环境股份有限公司 关于控股股东可转债持有比例变动达到 10%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。 经中国证券监督管理委员会《关于核准江西洪城水业股份有限公司公开发行 可转换公司债券的批复》（证监许可【2020】2587 号）核准，江西洪城环境股 份有限公司（以下简称"公司"）于 2020 年 11 月 20 日公开发行了 1,800 万张 可转换公司债券，每张面值 100 元，发行总额 180,000 万元。 经上海证券交易所自律监管决定书【2020】408 号文同意，公司本次发行的 180,000 万元可转换公司债券于 2020 年 12 月 17 日在上海证券交易所挂牌上市， 债券简称"洪城转债"，债券代码"110077"。 公司控股股东南昌水业集团有限责任公司（以下简称"水业集团"）配售洪 城转债 5 ...

证券代码：600461 证券简称：洪城环境 公告编号：临 2023－033 江西洪城环境股份有限公司 关于参加江西辖区上市公司 2023 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证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，江西洪城环境股份有限公 司(以下简称"公司")将参加由江西证监局、江西省上市公司协会与 深圳市全景网络有限公司联合举办的"2023 年江西辖区上市公司投 资者集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站(https://rs.p5w.net)，或关注微信公众号：全景财经，或下载 全景路演 APP,参与本次互动交流，活动时间为 2023 年5月19日(周 五) 14:30-17:00。届时公司高管将在线就公司 2022 年度业绩、公 司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展 等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊 跃参与！ 特此公告。 江西洪城环境股份有限公司董事会 二〇 ...

Financial Performance - The company's operating revenue for Q1 2023 was approximately CNY 2.07 billion, representing a year-over-year increase of 2.36% compared to CNY 1.81 billion in the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was approximately CNY 291 million, reflecting a year-over-year increase of 9.05% from CNY 242 million in the previous year[4]. - The company reported a significant increase in revenue and net profit after adjustments, with adjusted figures showing a revenue of CNY 2.02 billion and a net profit of CNY 266 million, marking increases of 14.40% and 20.14% respectively[6]. - The total operating revenue for Q1 2023 was CNY 2,069,967,027.57, an increase from CNY 2,022,190,551.04 in Q1 2022, representing a growth of 2.36%[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 281,063,349.68, up 17.25% from CNY 239,675,251.63 in the same period last year[20]. - The company reported a basic earnings per share of CNY 0.27 and diluted earnings per share of CNY 0.22, which are increases of 3.85% and 4.76% respectively compared to the previous year[6]. - Basic earnings per share for Q1 2023 were CNY 0.27, compared to CNY 0.26 in Q1 2022, reflecting a year-over-year increase[45]. - Diluted earnings per share for Q1 2023 were CNY 0.22, up from CNY 0.21 in Q1 2022[45]. Cash Flow and Liquidity - The cash flow from operating activities for Q1 2023 was approximately CNY 314 million, indicating a year-over-year increase of 13.15%[6]. - The net cash flow from operating activities was CNY 314,221,347.60, down from CNY 335,875,737.28 in Q1 2022, showing a decline of approximately 6.5%[45]. - Cash inflow from operating activities totaled CNY 2,213,809,977.47 in Q1 2023, slightly higher than CNY 2,126,827,222.51 in Q1 2022, indicating a growth of approximately 4.1%[45]. - Cash outflow from operating activities was CNY 1,899,588,629.87 in Q1 2023, compared to CNY 1,790,951,485.23 in Q1 2022, representing an increase of about 6.1%[45]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 2,379,125,681.77, up from CNY 3,302,836,447.02 in Q1 2022, reflecting a decrease of approximately 28%[46]. - The company’s cash and cash equivalents increased to approximately CNY 2.41 billion as of March 31, 2023, compared to CNY 2.33 billion at the end of 2022[14]. Acquisitions and Market Expansion - The company completed the acquisition of 100% equity in Jiangxi Dingyuan Ecological Environmental Protection Co., Ltd. for CNY 944.10 million, enhancing its market position[6]. - The company also acquired 100% equity in Jiangxi Lantian Bihui Environmental Engineering Co., Ltd. for CNY 277.84 million and Anyi County Water Supply Co., Ltd. for CNY 113.03 million, further expanding its operational capabilities[6]. - The company is focused on expanding its market presence through strategic acquisitions and enhancing its service offerings in the environmental sector[6]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 22,382,558,141.88, reflecting a 7.10% increase from CNY 20,899,441,823.98 at the end of the previous year[20]. - The total liabilities amounted to CNY 14,032,271,389.22, compared to CNY 12,808,037,022.11 in the previous year, indicating an increase of 9.52%[20]. - The equity attributable to shareholders of the listed company was CNY 7,402,352,644.93, which is a 4.14% increase from CNY 7,107,996,382.44 in the previous year[20]. - The total liabilities increased by CNY 1,224,234,367.11 from the previous year, indicating a significant rise in financial obligations[20]. - The total liabilities increased to ¥5,342,443,154.42 from ¥4,750,028,585.84, showing a rise of about 12.4%[40]. Research and Development - Research and development expenses for the quarter were CNY 22,617,973.85, compared to CNY 21,477,636.39 in the same period last year, showing an increase of 5.34%[30].

证券代码：600461 证券简称：洪城环境 公告编号：2023-028 江西洪城环境股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） （一） 会议召开时间：2023 年 05 月 04 日 下午 15:00-16:30 （二） 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 价值在线（www.ir-online.cn） 会议召开方式：视频直播和网络文字互动 投资者可于 2023 年 04 月 24 日(星期一) 至 04 月 28 日(星期 五)16:00 前①登录上证路演中心网站首页点击"提问预征集"栏目； ②前访问网址 https://eseb.cn/13TLDX1hARO 或使用微信扫描下方 小程序码；③通过公司邮箱 jx600461@163.com 进行提问。公司将在 说明会上对投资者普遍关注的问题 ...

Financial Performance - The weighted average return on net assets decreased by 2.03 percentage points to 13.49% in 2022 from 15.52% in 2021[13]. - The company reported a non-operating loss of ¥707,305.85 in 2022, compared to a loss of ¥1,675,573.96 in 2021[20]. - The total non-recurring gains and losses amounted to ¥102,584,943.61 in 2022, a decrease from ¥178,181,248.20 in 2021[20]. - The company’s net profit attributable to shareholders decreased by 1.61 percentage points to 12.78% after excluding non-recurring gains and losses[13]. - The company achieved operating revenue of 7,776.10 million yuan in 2022, a decrease of 4.87% compared to the previous period, while total profit increased by 8.52% to 1,299.80 million yuan[22]. - The net profit attributable to the parent company reached 945.62 million yuan, reflecting a growth of 15.31%, with basic earnings per share at 0.90 yuan[22]. - The revenue from the water supply and drainage business was approximately ¥4.61 billion, a decrease of 24.76% compared to the previous year, with a gross margin of 33.43%, which increased by 9.65 percentage points[48]. - The company reported a total operating cost of approximately ¥5.46 billion for water production and supply, a decrease of 18.67% compared to the previous year[55]. Revenue and Market Growth - Non-operating income from government subsidies increased to ¥48,397,611.28 in 2022, up from ¥32,798,585.59 in 2021[17]. - The company achieved a total revenue of ¥4,352,504.82 from VAT refunds related to its wastewater treatment business in 2022[20]. - The company is actively expanding its market presence in county-level environmental governance, aligning with national strategies for urbanization and rural revitalization[26]. - The company is focusing on developing a comprehensive water supply service system, with a total of 7933 kilometers of water supply pipelines serving a population of 4 million[30]. - The company is positioned to benefit from the increasing demand for urban natural gas, with a target of achieving a domestic natural gas production of over 230 billion cubic meters by 2025[99]. - The company aims to expand its market presence by focusing on the pipeline drinking water sector, which is projected to grow at a compound annual growth rate (CAGR) of 20% from 2021 to 2035, with a market potential exceeding 400 billion CNY by 2035[97]. Strategic Initiatives - The company plans to expand its market presence through strategic acquisitions and new product developments in the upcoming fiscal year[1]. - The company completed a successful asset restructuring totaling 944 million yuan, enhancing its position in the solid waste sector and attracting significant investor interest with a subscription multiple of 7.29 times[25]. - The company secured five new BOT projects and achieved operational revenue from nine TOT projects, with a total new investment of 700 million yuan[25]. - The company plans to implement a "factory-network integration" model for wastewater treatment, targeting the construction of over 2,400 kilometers of new sewage pipelines and the renovation of 1,600 kilometers by the end of 2025[98]. - The company is actively pursuing the development of solid waste disposal and clean energy projects to enhance its service chain and create new growth points[103]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 200 million RMB allocated for potential deals[144]. Research and Development - Research and development expenses increased by 17.41% to CNY 121,402,142.47[45]. - The company is investing 100 million RMB in R&D for sustainable technologies over the next three years[134]. - The company has established partnerships with two major universities for collaborative research projects in environmental technology[134]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving operational efficiency[142]. Environmental and Regulatory Compliance - The company has implemented emergency response plans for environmental incidents at all wastewater treatment facilities, which have been submitted for record to local environmental protection departments[197]. - All key pollutant monitoring methods employed by the company include manual and online continuous monitoring, adhering to national environmental protection standards[197]. - The company has successfully passed environmental assessments for all major pollution sources before project commissioning, ensuring compliance with local environmental regulations[196]. - The average concentration of pollutants from the company's wastewater treatment business did not exceed the established standards during the reporting period[195]. Shareholder and Governance Matters - The controlling shareholder, Nanchang Water Group, holds 33.52% of the company's shares, which may influence operational decisions[111]. - The company has proposed to adjust the allowances for independent directors[119]. - The company has established a compensation and assessment committee under the board of directors to oversee the remuneration policy and performance evaluation of senior management[181]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 11.4842 million yuan (pre-tax)[146]. - The company has not faced any penalties from securities regulatory authorities in the past three years[147]. Financial Management and Cash Flow - The company’s cash flow from operating activities increased by 16.86% to CNY 2,187,607,944.36[45]. - The company plans to distribute cash dividends amounting to 473,108,629.70 RMB, which represents 50.03% of the net profit attributable to shareholders of the parent company for the year 2022, totaling 945,620,231.42 RMB[171]. - The cash dividend distribution policy is designed to ensure that at least 50% of the annual net profit attributable to shareholders of the parent company will be distributed as cash dividends over the next three years, provided there are no major investment plans or cash expenditures[170]. - The company has disclosed that the cash dividend amount includes any share repurchase amounts executed during the year, which will be considered as part of the cash dividend calculation[169]. Risk Management - The company has identified potential risks related to future development strategies, which are detailed in the management discussion section[2]. - The company acknowledges increased market uncertainty due to complex global political and economic conditions, and it aims to enhance its resilience and creativity in response[107]. - The company faces risks related to timely pricing adjustments for wastewater treatment services, particularly with government clients[109]. - The company is addressing potential supply risks from seasonal water level changes and extreme weather by strengthening production management and quality control[110].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,673,914,123.81, a decrease of 1.96% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was CNY 249,437,081.54, reflecting a decline of 12.88% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 205,830,986.16, down 14.71% from the previous year[9]. - The basic earnings per share for Q3 2022 was CNY 0.24, a decrease of 11.11% compared to the same period last year[9]. - The weighted average return on equity decreased by 0.90 percentage points to 3.28% in Q3 2022[9]. - The company reported a decrease in net profit for the first nine months of 2022, with a total of CNY 763,396,633.42, down 3.22% year-on-year[7]. - Total revenue for the first three quarters of 2022 was CNY 5,412,506,325.27, a decrease of 13.5% compared to CNY 6,261,607,108.16 in the same period of 2021[31]. - Net profit for the first three quarters of 2022 was CNY 891,609,452.59, a decrease of 3.5% from CNY 923,762,577.22 in the previous year[33]. - The total comprehensive income attributable to the parent company was CNY 763,396,633.42, a decrease from CNY 784,685,558.35 in the previous period, representing a decline of approximately 2.7%[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,530,603,454.91, a decrease of 1.23% compared to the end of the previous year[9]. - The company's total assets amounted to CNY 21,266,733,048.12, a slight decrease from CNY 21,530,603,454.91 in the previous period[31]. - Total liabilities increased to CNY 13,735,418,617.23 from CNY 13,551,004,457.63, indicating a rise of 1.4%[31]. - The company's equity attributable to shareholders decreased to CNY 6,577,587,641.04 from CNY 7,094,297,460.33, a decline of 7.3%[31]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 1,265,835,688.39, an increase of 39.08% compared to the previous year[9]. - The net cash flow generated from operating activities was CNY 1,265,835,688.39, an increase of 39.1% compared to CNY 910,174,836.44 in the same period last year[39]. - The cash inflow from operating activities totaled CNY 5,601,951,339.82, down 6.4% from CNY 5,984,786,833.58 in the previous year[39]. - The cash outflow for purchasing goods and services was CNY 2,697,505,353.76, a decrease of 20.5% from CNY 3,393,746,775.87 in the previous year[39]. - The net cash flow from investing activities was -CNY 895,431,275.81, an improvement from -CNY 1,493,702,115.88 in the previous year[41]. - The net cash flow from financing activities was -CNY 1,302,350,315.22, compared to -CNY 367,566,894.47 in the previous year, indicating a significant increase in cash outflows[41]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,156[19]. - The largest shareholder, Nanchang Water Industry Group Co., Ltd., holds 365,431,172 shares, accounting for 35.16% of the total shares[19]. - Nanchang Municipal Public Utilities Group Co., Ltd. holds 175,132,822 shares, representing 16.80% of the total shares[19]. - The company has no pledged shares among the top ten shareholders, except for Nanchang Water Industry Group Co., Ltd., which has 118,055,366 shares pledged[19]. Current Assets and Inventory - The total current assets as of September 30, 2022, amount to ¥5,399,692,383.82, a decrease from ¥5,723,927,351.88 at the end of 2021[26]. - Accounts receivable increased to ¥1,450,762,999.94 from ¥926,181,052.92 year-over-year[26]. - Inventory as of September 30, 2022, is reported at ¥535,468,311.46, up from ¥381,589,409.60[26]. - Non-current assets total ¥15,867,040,664.30, slightly up from ¥15,806,676,103.03 at the end of 2021[26]. - The company has a cash balance of ¥2,561,814,723.41, down from ¥3,489,286,282.50[23]. - The company has a goodwill value of ¥77,867,819.50, unchanged from the previous year[26]. Expenses - Total operating costs for the first three quarters of 2022 were CNY 4,445,620,684.89, down from CNY 5,201,649,563.87, reflecting a reduction of 14.5%[31]. - Research and development expenses increased to CNY 79,802,578.10 in Q3 2022, compared to CNY 71,640,331.60 in Q3 2021, marking an increase of 11.5%[33]. - The company reported a decrease in sales expenses to CNY 157,055,633.23 from CNY 160,898,994.55, a reduction of 2.3%[33]. - The company’s financial expenses, including interest expenses, rose to CNY 220,585,251.94, compared to CNY 167,110,427.91 in the previous year, reflecting a significant increase of 32%[33]. Earnings Per Share - The basic earnings per share decreased to CNY 0.74 from CNY 0.76, reflecting a decline of 2.6%[35]. - The diluted earnings per share also decreased to CNY 0.60 from CNY 0.62, a decline of 3.2%[35]. - The company reported a net profit of CNY 62,620,086.38 from the merged entity, compared to CNY 50,560,903.11 in the previous period, indicating a growth of 23.8%[35].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,738,592,201.46, a decrease of 17.91% compared to CNY 4,554,195,255.76 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 513,959,551.88, representing a year-on-year increase of 2.29% from CNY 502,464,938.01[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 455,529,011.61, down 3.08% from CNY 470,014,843.92 in the previous year[23]. - The net cash flow from operating activities increased by 53.47% to CNY 805,742,105.71, compared to CNY 525,023,677.05 in the same period last year[23]. - Basic earnings per share rose by 2.04% to CNY 0.50, while diluted earnings per share increased by 5.13% to CNY 0.41[26]. - The company's revenue for the first half of 2022 was CNY 3.739 billion, a decline of 11.49% compared to the previous year[26]. - Net profit attributable to shareholders increased by 27.29% to CNY 514 million, and cash flow from operating activities rose by 127.28% to CNY 806 million[26]. - The company's gross profit margin was reported at 30.21%, with a debt ratio of 65.89%, indicating a solid financial structure[43]. Assets and Liabilities - Total assets increased by 3.33% to approximately CNY 21.43 billion year-on-year[26]. - The net assets attributable to shareholders decreased by 5.58% to approximately CNY 6.38 billion compared to the previous year[26]. - Accounts receivable at the end of the period amounted to ¥1,251,847,283.95, an increase of 37.77% compared to ¥908,638,270.44 at the end of the previous year, primarily due to increased revenue and recognized accounts receivable[52]. - Inventory at the end of the period reached ¥840,269,001.66, reflecting a significant growth of 125.29% from ¥372,972,332.40 in the previous year, mainly due to increased contract performance costs[52]. - Total liabilities increased to ¥14.12 billion from ¥13.10 billion, representing a growth of approximately 7.8% year-over-year[195]. - Total equity attributable to shareholders decreased to ¥6.38 billion from ¥6.75 billion, a decline of about 5.5%[195]. Market Position and Operations - The company holds over 80% market share in the county-level sewage treatment market in Jiangxi Province[39]. - The company is the largest supplier of natural gas in Nanchang, with a market share exceeding 90%[39]. - The company operates 11 water plants with a supply capacity of 1.94 million tons per day, serving a population of 4 million[35]. - The solid waste disposal project has a processing capacity of 2,400 tons per day, making it the largest waste-to-energy project in Nanchang[36]. - The company has acquired 100% equity of Dingyuan Ecology, enhancing its position in the solid waste disposal industry[36]. Environmental Compliance - The company’s wastewater treatment projects comply with the Class A discharge standards for pollutants, with specific limits for COD at 50 mg/L, BOD at 10 mg/L, and SS at 10 mg/L[79][80]. - All key pollutant discharge units have passed environmental assessments and are operating normally[84]. - The company has established emergency response plans for environmental incidents, which have been submitted to local environmental authorities for record[86]. - Monitoring of pollutants is conducted through both manual and online continuous methods, with real-time data available on the provincial environmental quality information platform[87]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[88]. Risks and Challenges - The company faces risks related to policy changes that may require technological upgrades in water supply and sewage treatment, impacting operational costs[66]. - The company is currently reliant on the local market in Nanchang for its water supply, which poses a risk of over-dependence on a single market[66]. - The company’s water source, the Gan River, is critical for water quality, and any decline in water levels poses a risk to supply[69]. - The company has a 35.16% shareholding by the controlling shareholder, which may influence operational decisions and governance[69]. Related Party Transactions and Governance - The company has committed to strictly adhere to laws and regulations regarding related party transactions, ensuring fair pricing and timely disclosure[97]. - The company guarantees to maintain independence in assets, personnel, finance, and operations, complying with regulatory requirements[98]. - The company will not engage in any business activities that compete with its subsidiary, Hongcheng Water Industry, and will notify it of any potential competitive opportunities[102]. - The company has not yet fulfilled its commitments regarding the avoidance of competition with Hongcheng Water Industry[103]. - The company will cooperate with necessary approval procedures and disclosure obligations to support Hongcheng Water Industry[102]. Shareholder Dynamics - The total number of shares increased from 952,834,715 to 1,039,333,457, with a new issuance of 86,471,621 shares[158]. - The largest shareholder, Nanchang Water Group Co., Ltd., holds 365,431,172 shares, representing 35.16% of total shares, with 90,720,000 shares pledged[162]. - The total number of common shareholders reached 19,194 by the end of the reporting period[162]. - The company plans to continue monitoring shareholder dynamics and potential impacts on governance and strategy[165]. Financial Instruments - The company issued 18 million convertible bonds at a total value of 180 million yuan, with a maturity of 6 years[175]. - The initial conversion price for the convertible bonds was set at 7.13 yuan per share, adjusted to 6.71 yuan after the 2021 profit distribution[177]. - As of the reporting period, 182,000 convertible bonds were converted into 27,121 shares, with a cumulative conversion of 4,823,485 shares, representing 0.5088% of the total shares before conversion[181].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,809,377,974.18, a decrease of 12.74% compared to the same period last year[6] - Net profit attributable to shareholders was ¥242,268,776.93, an increase of 11.73% year-on-year[6] - Basic earnings per share were ¥0.26, up by 13.04% compared to the previous year[6] - Net profit for Q1 2022 was ¥257,096,640.69, an increase of 5.73% compared to ¥243,009,788.67 in Q1 2021[27] - Earnings per share for Q1 2022 were ¥0.26 for basic and ¥0.21 for diluted, compared to ¥0.23 and ¥0.18 respectively in Q1 2021[29] Cash Flow - The net cash flow from operating activities reached ¥277,694,166.25, representing a significant increase of 111.04%[6] - Cash flow from operating activities in Q1 2022 was ¥1,752,017,596.99, down from ¥1,965,076,214.30 in Q1 2021[29] - The net cash flow from operating activities was $277,694,166.25, an increase from $131,581,581.41 in the previous period, indicating a significant improvement in operational efficiency[33] - Total cash inflow from operating activities amounted to $1,915,349,600.35, while cash outflow was $1,637,655,434.10, resulting in a positive net cash flow[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,555,778,011.18, an increase of 4.82% from the end of the previous year[9] - Total liabilities increased to ¥11,814,333,542.58 in Q1 2022 from ¥11,234,228,765.41 in Q1 2021, reflecting a growth of 5.16%[23] - Total current liabilities increased to RMB 7,354,123,670.51 from RMB 6,804,974,451.85, which is an increase of about 8.08%[21] - The company's long-term equity investments rose to RMB 75,164,871.54 from RMB 69,002,842.85, reflecting an increase of about 8.73%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,435[12] - The largest shareholder, Nanchang Water Industry Group Co., Ltd., held 29.28% of the shares[12] - Shareholders' equity attributable to the parent company was ¥6,135,072,586.32, reflecting a growth of 4.19% year-on-year[9] - Total equity attributable to shareholders increased to ¥6,135,072,586.32 in Q1 2022 from ¥5,888,289,544.31 in Q1 2021, representing a growth of 4.19%[23] Operational Efficiency - The company's cash and cash equivalents decreased to RMB 2,821,954,032.58 from RMB 2,944,295,079.41, representing a decline of about 4.15%[18] - Accounts receivable increased significantly to RMB 991,090,523.54 from RMB 743,876,377.83, marking an increase of approximately 33.33%[18] - Inventory rose to RMB 770,425,594.20, up from RMB 360,246,858.33, indicating a substantial increase of around 114.38%[18] - The company reported a significant increase in other receivables, which rose to RMB 255,555,494.15 from RMB 109,443,494.67, a growth of approximately 133.48%[18] Expenses - Research and development expenses for Q1 2022 were ¥18,981,713.08, an increase of 35.00% from ¥14,067,344.62 in Q1 2021[27] - Financial expenses for Q1 2022 were ¥50,974,589.64, up from ¥32,231,303.84 in Q1 2021, indicating a significant increase of 58.06%[27] - Cash paid for taxes increased to $97,193,102.47 from $91,757,745.38, indicating higher tax obligations[33] Investment Activities - The net cash flow from investing activities was -$268,953,308.85, showing a decrease in investment returns compared to -$609,377,915.67 previously[33] - The company received $9,286,900.00 from investments in subsidiaries, reflecting a decrease from $35,790,300.00 in the prior period[33] - The company reported a significant decrease in cash inflow from investment activities, which was $3,167,790.00 compared to $210,052,017.80 previously[33]