2022 年第一季度报告 单位：元 币种：人民币 证券代码：600635 证券简称：600635 上海大众公用事业（集团）股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人杨国平、主管会计工作负责人蒋贇及会计机构负责人（会计主管人员）胡军保证季度 报告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期 增减变动幅度 (%) | | 营业收入 | ...

Financial Performance - Operating revenue for the first quarter was CNY 1,983,080,288.47, representing a year-on-year increase of 9.04%[3] - Net profit attributable to shareholders of the listed company was CNY -325,329,638.02, a decrease of 1,604.39% compared to the same period last year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -172,388,112.07, a decrease of 231.52% year-on-year[3] - The company reported a gross operating cost of RMB 1,921,128,015.32 for Q1 2022, up from RMB 1,740,484,796.33 in Q1 2021[26] - Basic earnings per share for Q1 2022 was -0.110190, compared to 0.007325 in Q1 2021[35] - Net profit attributable to shareholders of the parent company for Q1 2022 was a loss of RMB 267,347,402.73, compared to a profit of RMB 91,282,130.91 in Q1 2021[33] - The company’s total comprehensive income for Q1 2022 was a loss of RMB 257,387,490.04, compared to a gain of RMB 43,407,840.13 in Q1 2021[35] - Other comprehensive income after tax for Q1 2022 was RMB 9,959,912.69, compared to a loss of RMB 47,874,290.78 in Q1 2021[34] Cash Flow - Net cash flow from operating activities was CNY 510,913,115.28, an increase of 574.24% compared to the previous year[3] - Cash inflow from operating activities for Q1 2022 was approximately ¥2.36 billion, an increase of 17.4% compared to ¥2.01 billion in Q1 2021[37] - Net cash flow from operating activities for Q1 2022 was ¥510.91 million, significantly higher than ¥75.78 million in Q1 2021[37] - Cash inflow from investment activities in Q1 2022 totaled ¥1.00 billion, up from ¥595.98 million in Q1 2021, marking a 67.7% increase[39] - Net cash flow from investment activities for Q1 2022 was ¥476.65 million, a recovery from a negative cash flow of ¥155.94 million in Q1 2021[39] - Cash inflow from financing activities in Q1 2022 was ¥1.46 billion, down 62% from ¥3.85 billion in Q1 2021[40] - Net cash flow from financing activities for Q1 2022 was ¥29.41 million, a decrease of 95.7% compared to ¥689.81 million in Q1 2021[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,956,063,246.33, a decrease of 0.49% from the end of the previous year[4] - Total liabilities as of March 31, 2022, are RMB 8,428,159,916.16, compared to RMB 8,253,696,444.93 at the end of 2021[21] - Total liabilities increased to ¥8,520,575,910.43 as of March 31, 2022, up from ¥7,685,283,685.47 at the end of 2021[46] - The company’s total equity as of March 31, 2022, was RMB 9,739,721,820.76, down from RMB 10,016,197,648.49 at the end of 2021[24] - Total current assets amount to RMB 5,622,670,203.23, an increase from RMB 5,413,365,060.36 as of December 31, 2021[18] - Total non-current assets decreased to RMB 18,333,393,043.10 from RMB 18,661,583,228.44[19] - Current liabilities as of March 31, 2022, totaled ¥5.17 billion, an increase from ¥4.32 billion at the end of 2021[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 157,919[10] - The top shareholder, Hong Kong Central Clearing Limited, holds 533,547,000 shares, representing 18.07% of the total shares[11] - Shanghai Dazhong Enterprise Management Limited holds 495,143,859 shares, accounting for 16.77% of the total shares, with 344,000,000 shares pledged[11] Investment Income - Investment income for Q1 2022 showed a loss of RMB 189,900,485.18, compared to a gain of RMB 123,386,842.28 in Q1 2021[28] - The company maintained stable main business operations despite significant decreases in investment income from equity method companies compared to the previous year[9]

Financial Performance - Revenue for 2021 reached RMB 5,587,531, an increase of 12.82% compared to RMB 4,952,510 in 2020[42] - Net profit attributable to equity holders of the listed company decreased by 41.12% to RMB 303,356 from RMB 515,231 in the previous year[42] - Net cash flows from operating activities improved by 37.51%, totaling RMB 578,081 compared to RMB 420,382 in 2020[42] - Net assets attributable to equity holders of the listed company increased slightly by 0.84% to RMB 8,659,565 from RMB 8,587,274 at the end of 2020[42] - Total assets grew by 1.77% to RMB 23,674,116 from RMB 23,263,208 at the end of 2020[42] - Basic and diluted earnings per share fell by 41.18% to RMB 0.10 from RMB 0.17 in 2020[42] - Profit for the year in 2021 was RMB 392,175, a decrease of 33.9% compared to RMB 594,342 in 2020[43] - The company recorded total revenue of RMB5.588 billion in 2021, an increase of 12.82% compared to RMB4.953 billion in 2020[84] - Net profit attributable to the owners of the parent company was RMB303 million, a decrease of 41.12% from the previous year[84] Dividend Distribution - The company plans to distribute a cash dividend of RMB0.5 per ten shares, totaling RMB147,621,733.75 based on 2,952,434,675 outstanding shares at the end of 2021[4] - The profit distribution plan is subject to approval at the 2021 AGM, with implementation measures to be announced later[4] - The final dividend for the year ended December 31, 2021, is RMB0.5 per ten shares (tax inclusive) [22] Audit and Compliance - BDO Limited issued an unqualified audit report for the company, confirming the accuracy and completeness of the financial report[4] - There were no material risks identified during the reporting period, and potential risks and countermeasures are detailed in the report[5] - The company has not appropriated funds for non-operating purposes by controlling shareholders or related parties[5] - The company has not provided external guarantees in violation of stipulated decision-making procedures[5] - More than half of the directors were able to warrant the truthfulness, accuracy, and completeness of the annual report[5] - The company is committed to ensuring the truthfulness, accuracy, and completeness of the financial report as stated by the responsible persons[4] - The company continues to focus on improving governance and information disclosure quality, ensuring compliance with stock exchange regulations[5] Operational Highlights - The company operates 8 wastewater treatment plants with a total capacity of 440,000 tons per day[52] - Shanghai Dazhong Gas has a natural gas pipeline network of 6,867 km, supplying 7.2 million cubic meters daily to over 1.87 million household users[45] - Dazhong Transportation operated 6,255 taxis and 3,304 rental cars by the end of 2021[55] - The company operates under the Public-Private Partnership (PPP) model for long-term cooperative relationships[25] - The company aims to explore new energy projects with economic scale to establish a sustainable profit model[50] Market and Industry Trends - In 2021, China's natural gas consumption reached 372.6 billion cubic meters, marking a year-on-year increase of 12.7% and accounting for approximately 8.4% of total primary energy consumption[68] - The consumption structure of natural gas in 2021 showed that industrial gas accounted for 36.57%, city gas for 35.47%, gas for power generation for 19%, and gas for chemical industries for 8.87%[68] - The "14th Five-Year Plan" aims to increase sewage treatment capacity by 20 million cubic meters per day, focusing on filling the capacity gap in cities and county towns[69] - The environmental protection industry is increasingly supported by the State through policies and funding, transforming environmental governance into an economically beneficial industry[70] - The government has enhanced regulatory measures in the water industry, improving operational efficiency and quality of wastewater treatment projects[71] - The natural gas industry is expected to benefit from the national "peak carbon dioxide emissions" and "carbon neutrality" policies, leading to increased gas demand and consumption growth[199] - The urban transportation industry in Shanghai has about 50,000 taxis, with the Company replacing over 2,000 fuel taxis with electric vehicles, aiming to replace all fuel taxis in the future[200] Strategic Initiatives - The company is committed to expanding its market presence through strategic partnerships and acquisitions[25] - The company aims to enhance its financial product offerings through partnerships with fintech platforms and actively issues bonds and asset-backed securities[63] - The company is focusing on healthy and orderly development trends in the financial leasing industry despite downward pressures on asset quality[6] - The company is committed to improving working efficiency and reducing costs in its logistics and transport operations[61] - The company emphasizes the integration of internal resources and the development of differentiated competition strategies in its financial investment business[63] Investment Activities - The company reported external equity investment of approximately RMB 513 million, a decrease of 13.93% from the previous year[140] - The Company holds a stake in Shenzhen Capital Group Co., Ltd., which has invested in 1,406 projects totaling RMB 80.5 billion, with 206 projects listed globally, indicating strong investment experience[133] - The Company has established a stable multi-channel financing system through corporate bonds and other financial instruments, enhancing its financing ability and reducing costs[134] - The Company invested RMB 20 million in the Shanghai Wuyuefeng Phase III private equity fund, representing 2.95% of the total paid-in capital as of December 31, 2021[148] - The Company invested RMB 50.5 million in the Xuan Yuan Yuan Ding No. 10 private securities investment fund, representing 100% of the total paid-in capital as of December 31, 2021[148] Corporate Social Responsibility - The company was awarded the "Most Socially Responsible Award" in 2021, highlighting its commitment to social responsibility[5] - The company actively promoted pandemic prevention measures, ensuring that all employees received vaccinations and health supplies[121] - The company organized activities to celebrate its 30th anniversary and the 100th anniversary of the Communist Party of China, enhancing corporate culture and employee engagement[122]

Financial Performance - The company's operating revenue for 2021 was CNY 5,417,593,979.70, an increase of 13.26% compared to CNY 4,783,236,756.44 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 303,356,221.16, a decrease of 41.12% from CNY 515,231,416.65 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 107.02% to CNY 342,864,753.47 in 2021[26]. - The net cash flow from operating activities increased by 194.35% to CNY 674,261,904.04 in 2021, compared to CNY 229,066,802.14 in 2020[26]. - The weighted average return on equity decreased by 2.71 percentage points to 3.52% in 2021 from 6.23% in 2020[26]. - The total assets at the end of 2021 were CNY 24,074,948,288.80, an increase of 1.92% from CNY 23,622,080,255.74 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were CNY 8,715,731,073.26, an increase of 0.84% from CNY 8,643,440,050.36 at the end of 2020[24]. - The basic earnings per share for 2021 were CNY 0.102748, a decrease of 41.12% from CNY 0.174511 in 2020[26]. - The diluted earnings per share for 2021 were also CNY 0.102748, reflecting the same decrease as the basic earnings per share[26]. - The company achieved operating revenue of CNY 5.42 billion in 2021, an increase of 13.26% compared to CNY 4.78 billion in the previous year[75]. - The net profit attributable to the parent company was CNY 303 million, a decrease of 41.12% from the previous year's CNY 514 million[75]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, totaling 147,621,733.75 RMB for the year 2021[6]. - The total share capital at the end of 2021 was 2,952,434,675 shares[6]. - The company distributed a cash dividend of 0.55 yuan per 10 shares, totaling 162,383,907.13 yuan for the 2020 fiscal year[158]. - The company has no adjustments to its cash dividend policy during the reporting period[158]. - The company’s cash dividend policy is designed to provide stable returns to investors based on economic performance[156]. Audit and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The management has confirmed the authenticity, accuracy, and completeness of the financial report[4]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[8]. - The company has established a sound corporate governance structure and internal control system, ensuring compliance with relevant laws and regulations[121]. - The company has actively engaged in environmental, social, and governance (ESG) reporting to showcase its commitment to sustainable development[121]. - The company has not experienced any violations regarding insider trading during the reporting period[123]. - The company has a dedicated audit committee, nomination committee, compensation and assessment committee, and strategic development committee to ensure clear responsibilities and compliance[121]. - The internal control audit report for the reporting period received a standard unqualified opinion[164]. Risk Management - There were no significant risk events reported during the reporting period[8]. - The company has outlined potential risks and corresponding countermeasures in the report[8]. - The company faces risks from domestic natural gas price fluctuations, which could impact gross margins and profitability[112]. - Environmental risks are present due to stricter regulations in wastewater treatment and solid waste management, requiring proactive compliance measures[113]. - Currency exchange rate fluctuations pose a risk due to some funds being held in USD, necessitating close monitoring[116]. - The company will prioritize "capital safety" in overseas investments, focusing on mature projects to mitigate risks[117]. Investments and Projects - As of the end of 2021, the company has invested in 1,406 projects, with 206 of these companies listed on 17 global capital markets, and 399 projects have exited (including IPOs)[47]. - The company has completed the reduction of its holdings in Junyao Health, achieving certain investment returns[47]. - The company has invested in two semiconductor industry projects through its affiliated special funds in 2021, generating some investment income[47]. - The company reported a total investment in financial assets of approximately 3.61 billion, with a fair value change of -100.14 million during the period[102]. - The company transferred 21% of its shares in Dazhong Transportation, totaling 52.5 million shares, to Dazhong Transportation and Dazhong Management in November 2021[103]. Environmental Compliance - The company maintains compliance with environmental discharge standards across its subsidiaries, with no exceedances reported in the latest assessments[171]. - The company achieved a significant improvement in wastewater treatment quality, now meeting Class A+ standards after major upgrades[176]. - The company invested approximately RMB 1.1 million in automatic monitoring equipment for total phosphorus, total nitrogen, and pH at various wastewater treatment plants[176]. - The company has implemented a self-monitoring scheme for environmental compliance, with automatic monitoring facilities installed at inflow and outflow points[181]. - The company emphasizes compliance with environmental regulations, ensuring all emissions meet required standards[186]. Corporate Governance - The company has committed to improving its governance structure and operational levels continuously[121]. - The company’s board of directors and senior management remuneration is linked to performance, with annual performance targets set by the assessment committee[137]. - The company held a total of 8 board meetings in 2021, with all directors attending all meetings[142][145]. - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[128]. - The company is focused on maintaining strong corporate governance through its independent directors and supervisory board[128]. Employee and Management - The company had a total of 3,019 employees, with 60 in the parent company and 2,959 in major subsidiaries[153]. - The company’s employee composition includes 2,416 production staff, 132 sales personnel, and 200 technical staff[153]. - The company emphasized training for new employees to enhance execution and dedication[155]. - The company has established a comprehensive performance evaluation and compensation management system for senior management, with the 2021 performance assessment plan approved by the board of directors[160]. Future Outlook - The company aims to explore new energy projects and establish sustainable profit models in the urban gas sector[61]. - The wastewater treatment sector is anticipated to grow rapidly due to government initiatives aimed at increasing water recycling rates by 2025[94]. - The company plans to strengthen cash flow management and control the debt ratio to maintain a strong risk resistance capability[111]. - The company is committed to improving asset quality and profitability through differentiated competition and collaboration in the financial services sector[69].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,043,358,752.23, a decrease of 0.13% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was ¥4,750,135.95, with a year-to-date net profit of ¥221,600,941.58, reflecting an increase of 8.69% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥214,034,155.05 for Q3 2021, with a year-to-date figure of ¥424,934,808.10, showing a significant increase of 86.79%[5]. - The basic and diluted earnings per share for Q3 2021 were both ¥0.001609, while the year-to-date earnings per share was ¥0.075057, an increase of 8.69%[7]. - The total operating revenue for the first three quarters of 2021 was ¥4,204,349,885.57, an increase from ¥3,702,600,708.71 in the same period of 2020[26]. - The operating income for the first three quarters of 2021 was ¥4,104,321,835.55, up from ¥3,609,531,397.99 in the first three quarters of 2020[26]. - Net profit for the period was ¥320,211,356.34, compared to ¥303,033,259.75, marking an increase of approximately 5.7%[33]. - Total profit amounted to ¥369,634,419.32, up from ¥339,210,582.08, indicating a growth of around 9%[33]. - Basic earnings per share increased to ¥0.075057 from ¥0.069057, representing a rise of approximately 8.9%[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥23,714,910,470.75, representing a slight increase of 0.39% from the end of the previous year[7]. - The equity attributable to shareholders at the end of the reporting period was ¥8,586,259,206.73, a decrease of 0.66% compared to the end of the previous year[7]. - The company's total liabilities as of September 30, 2021, were ¥13,823,132,073.28, slightly up from ¥13,746,014,895.36 at the end of 2020[26]. - The total current assets as of September 30, 2021, amounted to ¥4,966,577,998.08, a decrease from ¥5,278,215,439.53 as of December 31, 2020[21]. - The company's total assets reached ¥23,714,910,470.75 as of September 30, 2021, compared to ¥23,622,080,255.74 at the end of 2020[24]. - The non-current assets totaled ¥18,748,332,472.67 as of September 30, 2021, compared to ¥18,343,864,816.21 at the end of 2020[24]. - The total equity attributable to shareholders of the parent company was ¥8,586,259,206.73 as of September 30, 2021, down from ¥8,643,440,050.36 at the end of 2020[26]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥754,226,524.43, with significant contributions from subsidiaries[5][12]. - The net cash flow from operating activities was $754.23 million, a significant improvement from a negative $189.16 million in the previous period[38]. - Cash inflow from operating activities totaled ¥4,960,041,554.35, compared to ¥4,208,765,446.66, an increase of about 17.8%[35]. - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency[38]. - The total cash and cash equivalents at the end of the period amounted to $2.18 billion, down from $2.43 billion year-over-year[38]. Expenses and Income - Total operating costs rose to ¥4,170,598,199.03 from ¥3,652,341,818.09, reflecting an increase of about 14.2%[29]. - Interest income increased to ¥100,028,050.02 from ¥93,069,310.72, representing an increase of approximately 10.5%[29]. - Investment income rose significantly to ¥533,700,093.50 from ¥327,437,739.14, reflecting an increase of approximately 62.9%[29]. - Sales expenses increased to ¥166,479,875.98 from ¥138,914,166.38, which is an increase of about 19.8%[29]. - Management expenses rose to ¥323,793,154.56 from ¥299,293,599.06, indicating an increase of approximately 8.2%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,070, with the largest shareholder holding 18.07% of the shares[14]. - As of September 30, 2021, Shanghai Volkswagen Enterprise Management Co., Ltd. held a total of 556,321,859 shares, representing approximately 18.84% of the company's total issued shares[17]. Other Comprehensive Income - Other comprehensive income after tax was ¥3,490,885.18, compared to ¥182,287,136.00, showing a significant decrease[33].

Financial Reporting and Governance - The company confirmed that the interim report is true, accurate, and complete, with no material omissions or misleading statements[2]. - The report is unaudited, and the financial reports are warranted for truthfulness and accuracy by the responsible persons[3]. - All directors attended the board meetings, ensuring collective responsibility for the report's contents[2]. - The company is committed to transparency and has outlined its corporate governance practices in the report[7]. - The company adheres to strict corporate governance standards, complying with relevant laws and regulations in both domestic and international markets, ensuring a well-structured governance mechanism[50]. - The Company strictly complies with information disclosure requirements, ensuring timely and consistent disclosure at both listing places[128]. - The Company implemented strict registration and management of individuals possessing inside information, ensuring lawful and fair disclosure[129]. - The company has complied with all corporate governance code provisions throughout the Reporting Period[130]. Financial Performance - For the six months ended June 30, 2021, Dazhong Public Utilities reported a revenue of RMB 1.2 billion, representing a year-on-year increase of 15%[12]. - The company achieved a net profit of RMB 300 million, which is a 10% increase compared to the same period last year[12]. - Revenue for the reporting period (January to June) increased by 19.14% to RMB 3,124,641,000 compared to RMB 2,622,635,000 in the corresponding period last year[16]. - Net profit attributable to shareholders decreased by 14.14% to RMB 216,851,000 from RMB 252,553,000 in the same period last year[16]. - Basic and diluted earnings per share decreased by 22.22% to RMB 0.07 from RMB 0.09 in the same period last year[17]. - Profit for the period attributable to owners of the company was RMB 216,851,000, down from RMB 252,553,000 in the prior year, reflecting a decrease of approximately 14.1%[159]. - Total comprehensive income for the period was RMB 330,226,000, down from RMB 392,046,000, indicating a decrease of about 15.8% compared to the previous year[161]. Cash Flow and Financial Position - Net cash flows from operating activities improved significantly to RMB 440,995,000, compared to a negative RMB 249,528,000 in the previous year[16]. - Cash and cash equivalents at the end of the reporting period amounted to RMB 3,326,876,000, representing 13.55% of total assets, up from 9.11% last year[62]. - The company maintained loan interest rates between 3.045% to 3.2%, effectively reducing capital costs[53]. - The overall expense control system was implemented, improving internal control capabilities[54]. - Cash flows from financing activities included new bank borrowings of RMB 2,427,846, an increase of 32.8% compared to RMB 1,827,876 in the same period last year[181]. - Net cash flows generated from financing activities were RMB 1,092,708, a recovery from a net outflow of RMB 58,356 in the same period last year[181]. Business Operations and Strategy - Dazhong Public Utilities plans to expand its market presence in Jiangsu and Zhejiang provinces, targeting a 25% growth in these regions over the next year[12]. - The company is investing RMB 200 million in new technology for wastewater treatment to enhance operational efficiency by 30%[12]. - The company is exploring potential acquisitions in the renewable energy sector to diversify its portfolio and reduce carbon emissions by 15% by 2025[12]. - The company is focusing on strategic development and market expansion initiatives to enhance operational efficiency and profitability[15]. - The company is engaged in various sectors including piped gas supply, wastewater treatment, and public infrastructure projects, indicating a diversified business model[182]. Environmental Compliance and Risks - The company faces environmental risks due to varying establishment periods and geographical distribution of its sewage treatment plants[71]. - The company has multiple subsidiaries with reported discharging standard violations across various pollutants, indicating a need for improved compliance measures[107][108]. - The company is committed to ecological protection and energy conservation, achieving economic benefits through effective sewage treatment management[110]. - The company has established a sound management structure and continuously improved management systems and operation procedures, resulting in stable water discharge meeting standards[110]. Shareholder Information - The total number of ordinary shareholders as of the end of the Reporting Period was 167,023[136]. - Shanghai Dazhong Business Management Co., Ltd. held 556,321,859 shares, representing approximately 18.84% of the total issued shares of the Company[142]. - The shareholding of Cai Zhishuang decreased by 629,800 shares during the reporting period, bringing the total to 15,288,835 shares, which is 0.52% of the total shares[138]. - The Company did not report any changes in the shareholding of current and resigned Directors, Supervisors, and senior management during the reporting period[153]. Investment and Financing Activities - The company actively practices a multi-channel financing model, creating a stable financing system through corporate bonds, debt financing instruments, and asset securitization, optimizing its investment and financing structure[50]. - The company has deposited all remaining unutilized proceeds into its account for listing, intended for use in the same manner as proposed[90]. - The company proposed the registration and issuance of super-short-term commercial papers and medium-term notes[93]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service capabilities[15].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[16] - The company's operating revenue for the first half of the year reached ¥3,060,963,083.32, representing a 19.35% increase compared to ¥2,564,769,425.80 in the same period last year[23] - Total revenue for the first half of 2021 was approximately RMB 3.04 billion, an increase of 16.06% compared to the previous year[55] - The net profit attributable to the parent company for the first half of 2021 was RMB 217 million, reflecting stable development despite the challenging environment[48] - The company reported a net profit of RMB 264.14 million from Dazhong Transportation Group, with total revenue of RMB 10.02 billion[70] - The company reported a net loss from credit impairment of CNY 8,031,740.08 in the first half of 2021, compared to a loss of CNY 940,220.96 in the same period of 2020[149] - The total comprehensive income for the first half of 2021 was CNY 330,225,112.03, compared to CNY 392,046,125.64 in the first half of 2020, a decline of about 15.8%[151] User and Market Growth - User data indicates an increase in active users by 10% to 1.5 million during the reporting period[16] - The company plans to expand its market presence by entering two new provinces by the end of 2021[16] - The company has not made any major acquisitions in the first half of 2021 but is exploring potential opportunities[16] - The gas segment reported steady performance, with significant market expansion efforts leading to increased sales revenue from natural gas[52] Investment and Technology - Investment in new technology development increased by 25%, focusing on smart utility solutions[16] - The company has invested in four venture capital platforms to enhance investment efficiency and project exit timing[35] - The company is actively exploring the establishment of "Dazhong Commercial Insurance Company" to align with regulatory requirements and business needs[48] - The company has invested approximately RMB 700,000 in automatic monitoring equipment for total phosphorus and total nitrogen at various plants to enhance environmental compliance[88] Financial Position and Ratios - The company’s financial expenses increased by 28.71% to RMB 169.59 million, primarily due to foreign exchange losses from H-share fundraising[52] - The current liquidity ratio is 72.43%, an increase of 13.13 percentage points compared to the previous year's end[129] - The debt-to-asset ratio is 60.52%, reflecting an increase of 2.33 percentage points year-over-year[129] - The cash interest coverage ratio is 3.31, showing a significant improvement from -0.88 in the previous year[129] Environmental Compliance and Risks - The company faces environmental risks due to stricter regulations in the wastewater treatment industry, necessitating proactive risk management[73] - The company emphasizes compliance with environmental regulations as a core operational principle, ensuring all pollutants are discharged within legal limits[89] - The company received an administrative penalty of RMB 190,000 for exceeding the permitted discharge concentration of total nitrogen (20.0 mg/L vs. 15.0 mg/L) during an inspection on April 22, 2021[94] - The company has established a comprehensive emergency response plan for environmental incidents, regularly conducting drills to enhance preparedness[90] Corporate Governance and Structure - The board of directors confirmed that there were no non-operating fund occupations by controlling shareholders[8] - The company adheres to strict corporate governance standards, ensuring compliance with regulations from both domestic and international securities authorities[47] - The financial report was approved by the board of directors on August 30, 2021, ensuring compliance with regulatory requirements[176] - The company operates under the Chinese accounting standards, ensuring transparency and adherence to local regulations[178] Operational Segments - The company operates in two main business segments: public utilities and financial investment, with public utilities being a significant profit source[31] - The natural gas segment has a pipeline length of 6,867 km and a daily supply capacity of 7.2 million cubic meters, serving over 1.87 million users in Shanghai and Jiangsu[31] - The wastewater treatment segment operates 8 large treatment plants with a total capacity of 420,000 tons per day, including a plant in Shanghai with a capacity of 175,000 tons per day meeting the highest discharge standards[31] - The financial services segment focuses on consumer finance and platform finance, with a steady development in mobile and vehicle installment plans[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 167,023[115] - The largest shareholder, Hong Kong Central Clearing Limited, holds 533,541,000 shares, representing 18.07% of the total shares[115] - Shanghai Dazhong Enterprise Management Co., Ltd. holds 495,143,859 shares, accounting for 16.77% of the total shares, with 342,000,000 shares pledged[115] - The company has not experienced any changes in its share capital structure during the reporting period[114]

Financial Performance - Operating revenue for the period was ¥1,818,614,973.14, representing a year-on-year increase of 26.67%[11] - Net profit attributable to shareholders was ¥21,625,342.42, a decrease of 79.45% compared to the previous year[11] - Basic and diluted earnings per share were both ¥0.007325, down 79.45% from ¥0.035635 in the previous year[11] - The net profit attributable to shareholders for Q1 2021 was RMB 21.63 million, a decrease of RMB 83.58 million or 79.45% year-on-year, primarily due to a decrease in fair value gains on financial assets[22] - Net profit for Q1 2021 was ¥91,282,130.91, compared to ¥134,195,211.70 in Q1 2020, reflecting a decrease of 32.0%[46] - Operating profit for Q1 2021 was ¥79,655,770.17, down 46.1% from ¥147,648,411.96 in Q1 2020[46] Cash Flow - Cash flow from operating activities was ¥75,776,270.87, a significant recovery from a negative cash flow of ¥78,745,043.36 in the same period last year[11] - The net cash flow from operating activities for Q1 2021 was RMB 75.77 million, an increase of RMB 154.52 million compared to the same period last year[22] - The cash flow from operating activities for Q1 2021 was 75,776,270.87, a recovery from a negative cash flow of -78,745,043.36 in Q1 2020[55] - The company reported a significant increase in cash inflow from sales of goods and services, totaling 1,963,601,074.37 in Q1 2021, compared to 1,447,918,026.88 in Q1 2020, representing a growth of 35.5%[55] - The company's cash flow from operating activities totaled 13,997,277.95 RMB, a significant increase from 2,403,640.78 RMB in the same quarter last year[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,057,113,512.12, an increase of 1.84% compared to the end of the previous year[11] - Total liabilities reached ¥14,357,068,998.23, up from ¥13,746,014,895.36, indicating an increase of 4.44%[34] - Non-current liabilities rose to ¥5,316,867,437.40 from ¥4,844,553,523.88, an increase of 9.71%[34] - Current liabilities totaled ¥9,040,201,560.83, compared to ¥8,901,461,371.48, reflecting a growth of 1.56%[34] - The company's total assets at the end of Q1 2021 amounted to RMB 24.05 billion, reflecting a stable asset base[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 171,533[15] - The top shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., held 533,540,000 shares, accounting for 18.07% of total shares[15] - Shanghai Dazhong Enterprise Management Co., Ltd. held 495,143,859 shares, representing 16.77% of total shares, with 307,000,000 shares pledged[16] Other Financial Metrics - The weighted average return on equity decreased by 1.05 percentage points to 0.25%[11] - Financial expenses, specifically interest income, increased by 58.05% to RMB 5.97 million, primarily due to the maturity of time deposits[23] - The fair value change of financial assets resulted in a loss of RMB 156.08 million, compared to a loss of RMB 1.52 million in the same period last year[23] - The company reported a decrease in income tax expenses by 184.05% to RMB 11.49 million, indicating a significant reduction in deferred tax expenses compared to the previous year[23]

Financial Performance - Dazhong's overall financial performance showed a net profit increase of 18% year-on-year, reaching RMB1.2 billion for the fiscal year 2020[12]. - The company reported a total revenue of RMB 1.5 billion for the year 2020, representing a year-on-year increase of 10%[16]. - Revenue for 2020 was RMB 4,952,510, a decrease of 11.71% compared to RMB 5,609,649 in 2019[18]. - Net profit attributable to equity holders of the listed company was RMB 515,231, down 2.14% from RMB 526,473 in 2019[18]. - Net cash flows from operating activities decreased by 65.50%, from RMB 1,218,418 in 2019 to RMB 420,382 in 2020[18]. - Total assets rose by 4.61% to RMB 23,263,208 at the end of 2020, up from RMB 22,237,165 at the end of 2019[18]. - The company declared dividends of RMB 162,384 in 2020, down from RMB 177,146 in 2019[19]. - The company distributed a cash dividend of RMB 0.55 per ten shares for the year 2020, representing 31.52% of the net profit attributable to ordinary shareholders[188]. Audit and Compliance - BDO Limited issued an unqualified audit report for the company, confirming the accuracy and completeness of the financial report[3]. - The company confirms that all directors attended the board meeting, ensuring collective responsibility for the report's contents[3]. - The financial report is prepared in both Chinese and English, with the English version prevailing in case of ambiguities[5]. - The company has maintained compliance with the Company Law of the PRC regarding the tenure of independent directors[144]. - The Company has adopted the Corporate Governance Code and complied with all provisions throughout the Reporting Period[181]. Risk Management - There were no material risks identified during the reporting period, and potential risks and countermeasures are detailed in the report[5]. - The company has not engaged in any non-operating appropriation of funds by controlling shareholders or related parties[5]. - The company has not violated any stipulated decision-making procedures regarding external guarantees[5]. - The company faces risks from the COVID-19 pandemic, which may cause operational fluctuations due to ongoing uncertainties in the global situation[101]. - The company's profitability may be affected by government pricing policies related to gas prices, sewage treatment, and urban transportation[105]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in the next fiscal year, aiming for a 20% increase in market share[12]. - Dazhong Financial Leasing has successfully secured new contracts worth RMB1 billion, contributing to a projected revenue growth of 10% for the upcoming year[12]. - The company is exploring potential mergers and acquisitions to enhance its service offerings, targeting a completion date within the next 18 months[12]. - The company aims to achieve a revenue target of RMB5 billion for the next fiscal year, representing a 15% increase compared to the previous year[12]. - The company is investing in new technology for sewage treatment, with an estimated budget of RMB500 million allocated for R&D in the next two years[12]. Operational Efficiency - Dazhong Transportation reported a 12% increase in operational efficiency due to the implementation of new logistics software[12]. - The company aims to improve project operation and management levels while adopting both internal growth and external expansion strategies to increase market share[21]. - The company is enhancing profitability through improved project management and operational efficiency in its infrastructure investment projects[26]. - The company is focusing on digital transformation through big data applications in operational management[25]. Investment and Financing - The Company has established a stable all-round financing system through various financial instruments, enhancing its comprehensive strength and shareholder value[75]. - The Company will continue to promote the transformation of its self-operated financial business, focusing on "consumer finance and platform finance" to enhance management capabilities[99]. - The company plans to broaden its financing channels and improve liquidity management to meet short-term turnover and key investment project funding needs[100]. - The company has a total of ¥40,000,000 in banking wealth management products maturing on June 23, 2021[190]. Shareholder Relations and Dividends - The profit distribution plan is subject to approval at the 2020 Annual General Meeting[3]. - The company plans to maintain its dividend distribution strategy in the coming years[188]. - The decision-making process for profit distribution involves communication with shareholders, especially small and medium shareholders, to gather their opinions[184]. - The AGM is scheduled for June 18, 2021, with the register of members closing from June 15 to June 18, 2021[130]. Environmental and Social Responsibility - The company is committed to sustainable development and strategic planning for operational layout[75]. - The Group's environmental policies comply with various PRC laws aimed at reducing greenhouse gas emissions and improving resource efficiency[123]. - The Group has adopted measures to promote environmental protection and reduce greenhouse gas emissions, as outlined in the 2020 ESG report[125]. - The company has laid a solid foundation for rapid development by completing its "14th Five-year Plan" (2021-2025)[55].

Financial Performance - In 2020, the company achieved a net profit attributable to the parent company of ¥515,231,416.65, with a tax-adjusted profit of ¥198,846,991.28[7]. - The company's operating revenue for 2020 was approximately ¥4.78 billion, a decrease of 12.39% compared to ¥5.46 billion in 2019[26]. - The net profit attributable to shareholders for 2020 was approximately ¥515.23 million, down 2.14% from ¥526.47 million in 2019[26]. - The net profit after deducting non-recurring gains and losses decreased by 60.12% to approximately ¥165.62 million from ¥415.28 million in 2019[26]. - The net cash flow from operating activities dropped by 81.20% to approximately ¥229.07 million, compared to ¥1.22 billion in 2019[26]. - The total assets at the end of 2020 were approximately ¥23.62 billion, an increase of 4.68% from ¥22.57 billion at the end of 2019[26]. - The net assets attributable to shareholders increased by 7.20% to approximately ¥8.64 billion from ¥8.06 billion at the end of 2019[26]. - The basic earnings per share for 2020 was ¥0.1745, a decrease of 2.14% from ¥0.1783 in 2019[26]. - The weighted average return on net assets for 2020 was 6.23%, down 0.55 percentage points from 6.78% in 2019[26]. - The company reported a significant decrease in investment income from equity method companies, which fell by approximately ¥161.38 million compared to the previous year[26]. Dividend Distribution - The proposed cash dividend distribution is ¥0.55 per 10 shares, totaling ¥162,383,907.13, based on a total share capital of 2,952,434,675 shares[7]. - In 2020, the company distributed a cash dividend of 0.60 yuan per 10 shares, totaling 177,146,080.50 yuan, which was 31.52% of the net profit attributable to ordinary shareholders[128][129]. Risk Management - The company has no significant risk events during the reporting period and has detailed potential risks and countermeasures in the report[9]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact its operations and financial performance[125]. - The company is exposed to pricing policy risks in public utility sectors, which could affect profitability due to government regulations[125]. - The company monitors foreign exchange risks due to part of its funds being held in USD, which may lead to exchange losses[125]. Audit and Compliance - The company has a legal obligation to ensure the accuracy and completeness of the annual report, with all board members present at the meeting[4][5]. - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company has no violations of decision-making procedures for external guarantees[9]. - The company has a robust governance structure, continuously improving its internal control systems and adhering to relevant laws and regulations[57]. Investment and Growth Strategy - The company is actively investing in the natural gas sector, anticipating growth due to market reforms and increased urban gasification rates[41]. - The environmental protection industry is seen as a strategic opportunity, with the company positioned to benefit from favorable policies and a shift towards high-quality development[47]. - The company plans to enhance project management and operational efficiency to improve profitability across its infrastructure investments[44]. - The company aims to leverage its comprehensive capabilities in investment, construction, and operation to gain a competitive edge in municipal engineering and public service facilities[116]. Financial Assets and Investments - The company's trading financial assets increased from ¥121.42 million to ¥626.84 million, with a change of ¥505.42 million impacting profits by ¥251.84 thousand[36]. - Other debt investments decreased significantly from ¥366.19 million to ¥36.59 thousand, resulting in a change of -¥366.16 million, contributing ¥18.67 million to profits[36]. - The total non-current financial assets rose from ¥1.52 billion to ¥3.76 billion, with a change of ¥2.24 billion, affecting profits by ¥466.94 million[36]. - The company has entrusted its own funds of RMB 886 million in bank wealth management products, with an outstanding balance of RMB 180 million[157]. Environmental Compliance - The company adheres to the Class A discharge standards for wastewater treatment, ensuring compliance with environmental regulations[176]. - The maximum allowable discharge concentrations for key pollutants are set according to the Class A standards, including COD and BOD at 50 mg/L and 10 mg/L respectively[176]. - The company has established a comprehensive emergency response plan for environmental incidents, conducting regular drills to enhance response capabilities[181]. - The company emphasizes meeting discharge standards as a critical operational principle, viewing project development as a key growth strategy[180]. Shareholder Information - The total number of ordinary shareholders reached 176,897 by the end of the reporting period, an increase from 172,245 at the end of the previous month[189]. - The largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 533,540,000 shares, representing 18.07% of total shares[191]. - Shanghai Dazhong Enterprise Management Co., Ltd. holds 495,143,859 shares, accounting for 16.77% of total shares, with 307,000,000 shares pledged[191]. Management and Remuneration - The total pre-tax remuneration for the chairman during the reporting period was 2.75 million yuan[200]. - The total pre-tax remuneration for the president during the reporting period was 2.457 million yuan[200]. - The total pre-tax remuneration for the vice president during the reporting period was 2.0146 million yuan[200]. - The total pre-tax remuneration for the independent directors during the reporting period was 0.15 million yuan each[200].