Financial Performance - The company's operating revenue for Q3 2022 was RMB 110,472.8 million, a decrease of 18.81% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was RMB 23,655.8 million, down 1.52% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 22,070.5 million, a decrease of 1.73% compared to the previous year[7]. - The basic earnings per share for Q3 2022 was RMB 0.17, a decline of 2.82% year-on-year[10]. - The total revenue for the first three quarters of 2022 was RMB 3,234,017 thousand, slightly down from RMB 3,264,565 thousand in the same period of 2021, reflecting a decrease of approximately 0.9%[24]. - Operating revenue for the current period was 3,234,017 thousand RMB, a slight decrease from 3,264,565 thousand RMB in the previous period[27]. - Net profit for the current period increased to 659,283 thousand RMB, up from 582,783 thousand RMB, reflecting a growth of about 13.1%[31]. - The company reported a total profit of 820,702 thousand RMB, compared to 694,847 thousand RMB in the previous period, reflecting an increase of about 18.1%[31]. - The company’s total comprehensive income for the period was 659,283 thousand RMB, compared to 582,783 thousand RMB, indicating an increase of about 13.1%[33]. - Net profit for the third quarter was CNY 499,933 thousand, down from CNY 634,307 thousand in the same period last year, reflecting a decrease of approximately 21.2%[46]. - Operating profit decreased to CNY 564,035 thousand from CNY 699,484 thousand, indicating a decline of approximately 19.4%[46]. Assets and Equity - The total assets at the end of Q3 2022 amounted to RMB 2,271,781.9 million, an increase of 7.84% compared to the end of the previous year[10]. - The equity attributable to shareholders at the end of Q3 2022 was RMB 835,871.4 million, reflecting a growth of 17.39% year-on-year[10]. - As of September 30, 2022, the company's total assets reached RMB 22,717,819 thousand, an increase from RMB 21,065,292 thousand as of December 31, 2021, representing a growth of approximately 7.8%[19]. - The company's current assets totaled RMB 6,599,246 thousand, up from RMB 4,837,125 thousand in the previous year, indicating a significant increase of about 36.4%[19]. - The company's equity attributable to shareholders reached RMB 8,358,714 thousand, up from RMB 7,120,198 thousand, which is an increase of approximately 17.4%[24]. - The company's equity increased to CNY 7,009,359 thousand from CNY 5,903,624 thousand, reflecting a growth of approximately 18.8%[45]. Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 70,101.9 million, down 15.14% compared to the previous year[10]. - The net cash flow from operating activities for the first three quarters of 2022 was $52,536, a significant decrease of 87.6% compared to $425,134 in the same period of 2021[51]. - Total cash inflow from operating activities decreased to $1,224,926, down 38.7% from $1,995,774 in the previous year[51]. - Cash outflow from operating activities was $1,172,390, a reduction of 25.3% compared to $1,570,640 in 2021[51]. - The ending balance of cash and cash equivalents increased to $2,062,111, up 38.1% from $1,495,485 at the end of the previous year[53]. - Cash inflow from investment income was $141,477, down 42.0% from $244,101 in the same period of 2021[51]. - Cash outflow for the purchase of fixed assets and intangible assets was $41,192, a decrease of 51.6% compared to $84,943 in the previous year[51]. Borrowings and Liabilities - Long-term borrowings increased to RMB 7,418,893 thousand from RMB 7,197,167 thousand, showing a rise of about 3.1%[24]. - The company reported a total liability of CNY 8,019,213 thousand, an increase from CNY 7,558,954 thousand, representing a growth of about 6.1%[43]. - The long-term borrowings stood at CNY 3,951,887 thousand, up from CNY 3,808,872 thousand, indicating an increase of about 3.7%[43]. - The company's short-term borrowings decreased significantly to RMB 1,000 thousand from RMB 145,852 thousand, indicating a reduction of approximately 99.3%[24]. Research and Development - Research and development expenses increased significantly to 13,327 thousand RMB from 6,930 thousand RMB, marking an increase of approximately 92.5%[27]. - Research and development expenses rose to CNY 1,700 thousand, compared to CNY 5 thousand in the previous year, indicating a substantial increase in investment in innovation[45]. Shareholder Information - The company reported a total of 60,012 common shareholders at the end of the reporting period[12]. - The company completed a private placement of 143,189,655 shares, which will not change the control of the company, maintaining Tianjin Municipal Investment Co., Ltd. as the controlling shareholder[16].

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 212,928.9 million, an increase of 11.84% compared to RMB 190,395.4 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached RMB 39,636.3 million, reflecting a growth of 30.17% from RMB 30,448.9 million year-on-year[21]. - The net profit after deducting non-recurring gains and losses was RMB 36,190.3 million, which is a 36.90% increase compared to RMB 26,435.2 million in the previous year[21]. - Basic earnings per share for the first half of 2022 were RMB 0.28, up 30.52% from RMB 0.21 in the same period last year[21]. - The diluted earnings per share also stood at RMB 0.28, reflecting the same percentage increase of 30.52% compared to the previous year[21]. - The weighted average return on net assets was 5.49%, an increase of 0.92 percentage points from 4.57% in the previous year[21]. - The company reported a significant increase in the weighted average return on net assets after deducting non-recurring gains and losses, which rose to 5.02% from 3.97% year-on-year, an increase of 1.05 percentage points[24]. - The company achieved operating revenue of CNY 212,928.9 million, an increase of 11.84% compared to the previous year[36]. - Net profit attributable to the parent company reached CNY 39,636.3 million, up 30.17% year-on-year[36]. - The wastewater treatment business generated revenue of CNY 154,817.9 million, growing by 12.07% compared to the same period last year[36]. Cash Flow and Assets - The net cash flow from operating activities was RMB 32,240.5 million, showing a decrease of 53.24% from RMB 68,947.5 million in the same period last year[21]. - The total assets at the end of the reporting period were RMB 2,145,459.8 million, an increase of 1.85% from RMB 2,106,529.2 million at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were RMB 731,139.9 million, which is a 2.69% increase from RMB 712,019.8 million at the end of the previous year[21]. - The company's cash flow from operating activities decreased by 53.24% to CNY 32,240.5 million compared to the previous year[36]. - The company's total assets include CNY 8,981.3 million in prepayments, representing 0.42% of total assets, a significant increase of 331.09% year-on-year[39]. - The current ratio improved to 1.56, up 3.31% from 1.51 at the end of the previous year, attributed to an increase in accounts receivable[104]. - The debt-to-asset ratio was 61.25%, slightly down by 0.28% from 61.53% at the end of the previous year, indicating stability in the company's financial structure[104]. - The interest coverage ratio increased to 3.88, a 16.17% improvement from 3.34 in the same period last year, reflecting higher total profits[104]. Investments and Research - The company plans to invest no less than CNY 38.15 million in technology research and development for wastewater and sludge treatment[36]. - Research and development expenses increased by 76.74% to CNY 655 million due to higher investment in personnel and materials[36]. - Research and development expenses increased significantly to 937 thousand RMB in the first half of 2022, compared to only 5 thousand RMB in the same period of 2021[135]. Environmental and Social Responsibility - The company aims to improve rural sewage treatment rates to 40% by 2025, as part of national environmental policies[31]. - The company has been recognized as one of the "Top Ten Influential Enterprises in China's Water Industry" for 17 consecutive years, enhancing its brand reputation[32]. - The company donated RMB 2.95 million to support poverty alleviation and rural revitalization efforts in Tianjin, with RMB 800,000 allocated in 2022 and RMB 2.15 million planned for 2023[73]. - The company has implemented environmental self-monitoring in compliance with national requirements, with monitoring results publicly disclosed on local environmental information platforms[70]. - The company’s wastewater treatment projects have met the national and local discharge standards, ensuring compliance with environmental regulations[65]. Business Operations - The total scale of the company's wastewater, water supply, and reclaimed water business reached approximately 5.6046 million cubic meters per day, with PPP model wastewater treatment capacity at about 4.8696 million cubic meters per day[27]. - The company operates under various business models including BOT, TOT, and PPP for its core wastewater treatment and water supply services[27]. - The company has a hazardous waste disposal capacity of 128,000 tons per year across four projects, with a market-oriented pricing model for services provided mainly in Shandong and Jiangsu provinces[30]. - The company has a sludge disposal capacity of 2,970 tons per day, with operations mainly in Tianjin, Gansu, and Zhejiang[30]. - The company is actively promoting water projects and developing new energy businesses in response to the national "dual carbon" strategy[32]. - The company has expanded its recycled water business, focusing on the development, construction, and operation of recycled water utilization projects[180]. Financial Management and Risks - The company faces risks related to government credit, policy changes, and operational management, which could impact cash flow and financial stability[50]. - The company emphasizes the importance of legal compliance and risk management to mitigate potential financial risks[53]. - The company has approved a guarantee for loans to Tianjin Zhongshui Company, indicating ongoing financial support for its subsidiaries[55]. - The total amount of guarantees provided by the company (including those to subsidiaries) is CNY 536,617.90 million, accounting for 73.39% of the company's net assets[83]. - The company provided guarantees totaling CNY 104,500.00 million to subsidiaries during the reporting period[83]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 62,075[88]. - The largest shareholder, Tianjin Municipal Investment Co., Ltd., holds 715,565,186 shares, representing 50.14% of the total shares[88]. - HKSCC Nominees Limited holds 337,954,810 shares, accounting for 23.68% of the total shares[89]. - The top ten shareholders collectively hold 9.841% of the company's total share capital, with no pledges on their shares[95]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[95]. Compliance and Accounting - The financial statements for the first half of 2022 were approved by the board on August 31, 2022, reflecting the company's financial performance[186]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports accurately reflect its financial status and operational results[193]. - The accounting period for the company runs from January 1 to December 31, with the current financial report covering January 1 to June 30, 2022[194]. - The company includes all subsidiaries in its consolidated financial statements, starting from the date of actual control acquisition[197].

1 证券代码：600874 股票简称：创业环保 公告编号：临 2022-041 债券代码：188867 债券简称：21 津创 01 天津创业环保集团股份有限公司 关于举办"投资者网上集体接待日"活动的预告公告 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： 会议召开时间：2022 年 9 月 6 日（周二）13:40-16:40 会议召开地点："全景路演"（http://rs.p5w.net） 会议召开方式：网络方式 天津创业环保集团股份有限公司（以下简称"本公司"或"公司"）于 2022 年 8 月 31 日在上海证券交易所网站（http://www.sse.com.cn）发布了公司《2022 年半年度报告》。为便于广大投资者更深入全面的了解公司情况，本公司定于 2022 年 9 月 6 日（周二）13:40-16:40 以网络方式在全景网举办 2022 年度天津 辖区网上集体接待日活动（以下简称"本次说明会"）。 一、说明会类型 本次说明会以网络方式召开，届时将就本公司 2022 年半年报业绩情况、公 ...

Financial Performance - The company's operating revenue for Q1 2022 was RMB 107,155.2 million, representing a year-on-year increase of 22.42%[6] - The net profit attributable to shareholders was RMB 19,539.5 million, up 17.85% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 17,902.1 million, reflecting a growth of 23.71% year-on-year[6] - Basic and diluted earnings per share were both RMB 0.14, an increase of 20.69% year-on-year[8] - The weighted average return on equity was 2.71%, an increase of 0.23 percentage points compared to the previous year[8] - Net profit for the first quarter of 2022 was CNY 201,587 thousand, an increase of 15.5% compared to CNY 174,492 thousand in the same period of 2021[28] - Operating profit reached CNY 260,744 thousand, up 25.2% from CNY 208,108 thousand year-over-year[28] - Total comprehensive income for the period was CNY 201,587 thousand, compared to CNY 174,492 thousand in Q1 2021, marking a 15.5% growth[30] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 21,235.5 million, a significant increase of 412.37% compared to the previous year[6] - The company reported a net cash inflow from operating activities of CNY 212,355 thousand, compared to CNY 41,446 thousand in the same quarter last year[34] - The net cash flow from financing activities was -62,420,000, indicating a significant decrease compared to the previous year's net cash flow of 1,671,386,000[36] - Cash and cash equivalents at the end of the period totaled 2,026,062,000, down from 2,393,239,000 in the previous year[36] - The cash balance at the beginning of the period was 2,093,556,000, compared to 1,652,657,000 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2,108,999.8 million, a slight increase of 0.12% from the end of the previous year[8] - The equity attributable to shareholders was RMB 731,559.3 million, up 2.74% from the previous year[8] - Total liabilities as of March 31, 2022, were CNY 12,782,126 thousand, compared to CNY 12,961,222 thousand at the end of 2021, indicating a decrease of about 1.4%[24] - The company's non-current liabilities totaled CNY 9,439,334 thousand as of March 31, 2022, down from CNY 9,750,450 thousand at the end of 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,888[12] - The company received government subsidies amounting to RMB 2,011.5 million during the reporting period[9] Operating Costs and Expenses - The total operating costs for Q1 2022 were CNY 828,905 thousand, up from CNY 699,111 thousand in Q1 2021, indicating an increase of about 18.5%[24] - Research and development expenses increased to CNY 2,375 thousand, representing a 42% rise from CNY 1,673 thousand in the previous year[28] - Sales expenses rose to CNY 7,006 thousand, a 55% increase from CNY 4,525 thousand year-over-year[28] - Financial expenses decreased to CNY 55,158 thousand from CNY 75,321 thousand, indicating a reduction of 26.8%[28] - The company incurred tax expenses of CNY 58,438 thousand, which is an increase of 73.2% from CNY 33,753 thousand in the previous year[28] Financing Activities - The total cash inflow from financing activities was 343,382,000, while the total cash outflow was 405,802,000, resulting in a net outflow[36] - The company repaid debts amounting to 324,143,000, which is an increase from 253,747,000 in the previous year[36] - Dividends and interest payments totaled 81,659,000, compared to 45,126,000 in the previous year, reflecting a significant increase[36] - The cash inflow from loans received was 341,167,000, a decrease from 1,969,769,000 in the previous year[36] Accounting and Regulatory Matters - The company plans to revise and resubmit its non-public issuance of A-shares for 2021, pending approval from the China Securities Regulatory Commission[16] - The company has adopted new accounting standards starting from 2022, which may affect financial reporting[36]

Financial Performance - The net profit attributable to the parent company for 2021 was RMB 693,187,998.85, with a legal surplus reserve of RMB 58,281,246.28 deducted, resulting in a distributable profit of RMB 4,577,680,726.37[7] - The cash dividend proposed for 2021 is RMB 1.46 per share (including tax), totaling RMB 208,375,350.78, which accounts for 30.06% of the distributable profit[7] - The total undistributed profit at the beginning of the year was RMB 4,114,041,385.40[7] - The company's operating revenue for 2021 was CNY 453,557.90 million, representing a 34.83% increase compared to CNY 336,387.40 million in 2020[26] - The net profit attributable to shareholders for 2021 was CNY 69,318.90 million, a 21.60% increase from CNY 57,003.90 million in 2020[26] - The net cash flow from operating activities for 2021 was CNY 93,680.80 million, showing a significant increase of 75.95% from CNY 53,243.60 million in 2020[26] - The total assets at the end of 2021 were CNY 2,106,529.20 million, which is a 12.03% increase from CNY 1,880,296.90 million at the end of 2020[26] - The basic earnings per share for 2021 was CNY 0.49, up 22.50% from CNY 0.40 in 2020[27] - The company reported a weighted average return on equity of 10.11% for 2021, an increase of 1.16 percentage points from 8.95% in 2020[30] - The total profit amounted to 89,605.9 million RMB, an increase of 24.77% year-on-year[50] Operational Highlights - The company successfully secured multiple wastewater treatment projects, expanding its wastewater treatment rights scale, including the Tianjin Xiqing Dasi project and the PPP project in Jieshou City[37] - The company achieved a technology transformation with 55 completed technology projects, resulting in an economic benefit of approximately CNY 151.71 million from technology achievements[40] - The company established a smart operation management system, enhancing management efficiency through various modules such as water quality warning and energy consumption management[37] - The company acquired two hazardous waste projects, establishing a new pattern in hazardous waste treatment across northern and southern regions[37] - The company expanded its wastewater treatment capacity by 80,000 cubic meters per day, bringing the total to approximately 560.46 million cubic meters per day[45] - The company added 106.6 million square meters of heating service area in its new energy cooling and heating business, totaling 311 million square meters[45] - The hazardous waste disposal capacity increased to 12.8 million tons per year across four projects, with a landfill project capacity of 31.46 million tons[45] Research and Development - Research and development expenses increased by 38.97% to 1,834.50 million RMB due to heightened investment in R&D[50] - The company received 13 utility model patents and engaged in three national-level research projects, showcasing its commitment to technological advancement[40] - The number of R&D personnel reached 287, accounting for 12.48% of the total workforce[67] - The company invested 200 million in R&D for new technologies, focusing on AI and machine learning[117] - The company is investing 50 million in R&D for new technologies aimed at enhancing operational efficiency and sustainability[139] Governance and Compliance - All board members attended the board meeting, ensuring the report's authenticity and completeness[5][8] - The company received a standard unqualified audit report from PwC Zhong Tian[6] - The board of directors consists of 9 members, including independent directors, ensuring compliance with governance standards and effective oversight[104] - The company held 24 board meetings and 5 shareholder meetings during the reporting period, demonstrating active governance practices[104] - The company has established a comprehensive risk management system to identify, analyze, and respond to various policy risks, ensuring dynamic management of potential threats[99] Market Expansion and Strategy - The company aims to increase its market share in the renewable energy sector by winning the Tianjin Houtai Park energy station project[37] - The company plans to enhance its focus on resource and energy utilization in line with national policies promoting wastewater resource utilization and solid waste recycling[41] - The company will continue to expand its industrial and organic solid waste business, as well as its new energy supply services, to enhance its emerging environmental protection business segment[93] - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[124] - Market expansion plans include entering two new international markets, which are expected to contribute an additional 5% to revenue in 2022[117] Financial Management and Dividend Policy - The company has a cash dividend policy that mandates a minimum of 20% of the distributable profit to be distributed as cash dividends each year, provided certain conditions are met[177] - The company aims for cumulative cash distributions over three years to be no less than 30% of the distributable profit during that period[177] - The board of directors is responsible for proposing the profit distribution plan based on the company's operational status and future funding needs[177] - The company has modified its articles of association to enhance transparency and clarity in its cash dividend policy[176] - The company confirmed that the cash dividend policy complies with the company's articles of association and shareholder resolutions, with clear standards and ratios established[181] Environmental Impact - The company achieved a cumulative reduction of pollutants, including approximately 455,700 tons of COD and 54,500 tons of total nitrogen, contributing significantly to water environment management[199] - The company adheres to national and local wastewater discharge standards, primarily the Class A standard of GB18918-2002[198] - During the reporting period, the company discharged approximately 25,500 tons of COD, 1,250 tons of total nitrogen, 781 tons of ammonia nitrogen, and 252 tons of total phosphorus[199] Human Resources - The total number of employees remained stable at 822, indicating no major changes in workforce size[125] - The professional composition includes 1,188 production personnel, 94 sales personnel, 520 technical personnel, 122 financial personnel, 203 administrative personnel, and 173 management personnel[168] - The education level of employees includes 4 with a doctorate, 123 with a master's degree, and 1,136 with a bachelor's degree[168]

Financial Performance - The company's operating revenue for Q3 2021 was RMB 136,061.1 million, representing a year-on-year increase of 41.91%[7] - The net profit attributable to shareholders for Q3 2021 was RMB 24,019.9 million, an increase of 33.65% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 22,460.1 million, up 40.52% year-on-year[7] - The basic earnings per share for Q3 2021 was RMB 0.17, reflecting a growth of 33.65% compared to the previous year[10] - Total operating revenue for the first three quarters of 2021 reached CNY 3,264,565, an increase from CNY 2,480,166 in the same period of 2020, representing a growth of approximately 31.6%[36] - Net profit for the first three quarters of 2021 was CNY 582,783, compared to CNY 479,791 in 2020, reflecting a growth of approximately 21.5%[40] - The total comprehensive income attributable to the parent company increased to CNY 544,688 thousand from CNY 436,674 thousand, representing a growth of approximately 24.8% year-over-year[42] - Basic and diluted earnings per share rose to CNY 0.38, up from CNY 0.31, reflecting a 22.6% increase[42] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,148,083.7 million, an increase of 14.24% from the end of the previous year[10] - As of September 30, 2021, the company's total current assets reached RMB 5,903,952,000, an increase from RMB 3,795,459,000 as of December 31, 2020, representing a growth of approximately 55.6%[28] - The company's total assets increased to CNY 21,480,837 in 2021 from CNY 18,802,969 in 2020, marking a growth of about 8.9%[33] - Non-current liabilities rose to CNY 9,598,449 in 2021, compared to CNY 7,704,446 in 2020, representing an increase of approximately 24.6%[33] - The total liabilities of the company reached CNY 13,469,155 in 2021, up from CNY 11,221,326 in 2020, indicating a growth of about 20.1%[33] Cash Flow - The company's cash flow from operating activities for the year-to-date was RMB 82,611.7 million, showing a significant increase of 70.82%[10] - Cash inflow from operating activities totaled CNY 2,666,100 thousand, compared to CNY 2,183,472 thousand in the previous year, marking an increase of 22.1%[44] - Net cash flow from operating activities improved to CNY 826,117 thousand, up from CNY 483,606 thousand, indicating a growth of 71.1%[44] - Cash outflow for investing activities was CNY 1,426,407 thousand, compared to CNY 1,138,777 thousand in the previous year, showing an increase of 25.3%[44] - Net cash flow from financing activities increased significantly to CNY 1,605,716 thousand from CNY 148,866 thousand, a rise of 979.5%[44] - The ending balance of cash and cash equivalents reached CNY 2,658,287 thousand, up from CNY 1,563,945 thousand, reflecting a growth of 70.0%[44] - The company reported a significant increase in cash and cash equivalents, with a net increase of RMB 300.18 million due to combined effects from operating, investing, and financing activities[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,441[18] - The total number of shares held by the top ten unrestricted shareholders accounted for 8.72% of the company's total share capital[21] - The company has not identified any strategic investors among the top ten shareholders[21] Research and Development - The company's research and development expenses for Q3 2021 were RMB 54.76 million, indicating an increase compared to the same period last year[17] - Research and development expenses for the first three quarters of 2021 were CNY 6,930, up from CNY 4,478 in 2020, showing an increase of approximately 54.7%[36] Government Subsidies and Accounting Policies - The company received government subsidies amounting to RMB 1,999.0 million during the reporting period[11] - The company adjusted its accounting policies in accordance with the new revenue recognition standards, impacting various financial statement items, including a decrease in intangible assets by RMB 1,753,383,335.85[25] Other Financial Metrics - The company reported a long-term receivables balance of RMB 3,483,568,000, significantly higher than RMB 1,647,402,000 at the end of 2020, marking an increase of about 111.7%[28] - Accounts receivable increased to RMB 2,417,379,000 from RMB 1,959,083,000, reflecting a growth of approximately 23.4%[28] - The company reported a contract asset of RMB 374,433,000 as of September 30, 2021, reflecting its ongoing project engagements[28] - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[42] - Payments to employees increased to CNY 328,146 thousand from CNY 270,243 thousand, representing a rise of 21.4%[44]

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 190,395.4 million, representing a 25.15% increase compared to RMB 152,139.0 million in the same period last year[21]. - Net profit attributable to shareholders of the listed company was RMB 30,448.9 million, an increase of 18.50% from RMB 25,694.8 million year-on-year[21]. - The net cash flow from operating activities was RMB 68,947.5 million, showing a significant increase of 163.86% compared to RMB 26,129.9 million in the previous year[21]. - Basic earnings per share for the first half of 2021 were RMB 0.21, an increase of 18.33% compared to RMB 0.18 in the same period last year[24]. - The weighted average return on net assets was 4.57%, up 0.44 percentage points from 4.13% in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 26,435.2 million, a 16.69% increase year-on-year[114]. - The total comprehensive income for the period was 446,850 thousand RMB, up from 248,288 thousand RMB, indicating a growth of 80%[144]. Assets and Liabilities - The total assets of the company at the end of the reporting period were RMB 2,009,604.7 million, up 6.88% from RMB 1,880,296.9 million at the end of the previous year[21]. - The company's total liabilities increased to RMB 7,396,465 thousand in the first half of 2021, up from RMB 6,620,344 thousand in the same period of 2020, marking a 11.7% rise[134]. - Long-term borrowings increased to RMB 639,499.2 million, a rise of 51.26% from RMB 422,789.4 million, reflecting new debt financing[42]. - The total liabilities reached CNY 12,375,453, up from CNY 11,221,326, indicating a growth of 10.3%[124]. - The company's total current assets reached CNY 4,322,008 million, up from CNY 3,795,459 million at the end of the previous year[119]. Business Operations - The wastewater treatment business generated revenue of 1,381.49 million yuan, up 26.36% year-on-year, driven by increased treatment volume and service fee adjustments[36]. - The hazardous waste business revenue surged by 232.91% to 109.96 million yuan, attributed to the addition of two new projects[36]. - The company processed 74.016 million cubic meters of wastewater during the reporting period, a 5.01% increase from the previous year[36]. - The company expanded its wastewater treatment capacity by 84,500 cubic meters per day and added approximately 183 kilometers of pipeline[27]. - The company completed the acquisition of two hazardous waste companies for 780 million yuan, enhancing its capabilities in hazardous waste management[35]. Strategic Initiatives - The company plans to continue expanding its water service scale while accelerating the layout of strategic new businesses to enhance comprehensive environmental governance capabilities[30]. - The strategic new business includes a service area of 2 million square meters for new energy cooling and heating, primarily in Tianjin[29]. - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in this report[21]. Financial Management - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[62]. - The company emphasizes the importance of legal compliance and risk management to mitigate financial risks associated with government credit[56]. - The company plans to enhance operational management levels through standardized practices and staff training[56]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 65,406, including 63 H-share shareholders[94]. - The top shareholder, Tianjin Municipal Investment Co., Ltd., held 715,565,186 shares, representing 50.14% of the total shares[97]. - The company has not identified any related party relationships among the top ten shareholders[99]. Environmental Impact - The company achieved a cumulative reduction of pollutants, including approximately 234,000 tons of COD, 27,000 tons of total nitrogen, 25,000 tons of ammonia nitrogen, and 3,100 tons of total phosphorus, contributing significantly to water body environmental management[74]. - The company’s wastewater treatment projects strictly adhered to relevant discharge standards, with normal operational conditions reported[68]. - The company has implemented measures to reduce carbon emissions through its new energy cooling and heating business and distributed photovoltaic power generation projects[75]. Legal and Compliance - The company is involved in a significant lawsuit with a claim amount of ¥12,030,003 related to unpaid energy fees from 2012 to 2016, with the court ruling in favor of the company[80]. - The company has not reported any significant changes in its financial or operational status during the reporting period[83]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[197].

证券代码：600874 股票简称：创业环保 公告编号：临 2021-037 债券代码：136801 债券简称: 16 津创 01 债券代码：143609 债券简称：18 津创 01 天津创业环保集团股份有限公司 关于举行"投资者网上集体接待日"活动的预告公告 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： 会议召开时间：2021 年 5 月 19 日（周三）下午 15:00-16:30 会议召开地点："全景·路演天下"（http://rs.p5w.net） 会议召开方式：网络方式 天津创业环保集团股份有限公司（以下简称"本公司"或"公司"）已于 2021 年 3 月 26 日在上海证券交易所网站（www.sse.com.cn）发布了《2020 年年 度报告》和《2020 年年度利润分配方案公告》。为便于广大投资者更深入全面 的了解公司情况，本公司定于 2021 年 5 月 19 日（周三）下午 15:00-16:30 以网 络方式在全景网举办 2020 年度天津辖区网上集体接待日活动（以下简称"本次 说明 ...

Financial Performance - Operating revenue for the first quarter reached RMB 87,528.3 million, representing a year-on-year increase of 22.20%[10] - Net profit attributable to shareholders was RMB 16,579.3 million, up 27.72% from the same period last year[10] - The company reported a net profit excluding non-recurring gains and losses of RMB 14,470.5 million, an increase of 24.31% year-on-year[10] - Net profit for Q1 2021 totaled RMB 208,245 thousand, compared to RMB 165,741 thousand in Q1 2020, marking a growth of 25.6%[43] - The company recorded investment income of 35,441 thousand RMB in the first quarter of 2021, a substantial rise from 6,163 thousand RMB in the same period of 2020[48] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to RMB 4,144.6 million, a remarkable increase of 889.15% compared to the previous year[10] - Cash and cash equivalents increased by RMB 74,058 million, a rise of 759.53% compared to the previous period[22] - The company reported a net cash inflow from operating activities of 41,446 thousand RMB, a significant improvement from a net outflow of 5,252 thousand RMB in the first quarter of 2020[54] - Cash flow from financing activities net amount was 1,444,783 thousand RMB, an increase of 786.5% from 163,703 thousand RMB in the same period last year[58] - The company reported a net increase in cash and cash equivalents of 816,950 thousand RMB, compared to 184,013 thousand RMB in the same period last year, reflecting strong liquidity[58] Assets and Liabilities - Total assets increased to RMB 2,066,092.6 million, a growth of 9.88% compared to the end of the previous year[10] - Total liabilities increased to RMB 1,290,430 million, marking a growth of 5% compared to the end of the previous year[17] - The company’s total assets reached RMB 20,660,926 million, up from RMB 18,802,969 million at the end of 2020[27] - Total liabilities reached RMB 8,046,975 thousand as of March 31, 2021, compared to RMB 6,620,344 thousand at the end of 2020, reflecting a growth of 21.5%[38] Shareholder Information - The total number of shareholders reached 67,051, with the largest shareholder holding 50.14% of the shares[16] - Basic earnings per share increased to RMB 0.116, reflecting a growth of 27.47% compared to the previous year[12] - Basic and diluted earnings per share for the first quarter of 2021 were both 0.116 RMB, compared to 0.091 RMB in the same period of 2020, reflecting a 27.5% increase[48] Government Support and Subsidies - The company received government subsidies amounting to RMB 2,815.7 million, which are closely related to its normal business operations[12] Operational Highlights - Revenue from wastewater treatment business significantly increased due to the new plant operation and higher service fees, contributing to overall revenue growth[19] - The company plans to adjust its non-public issuance of A-shares, pending approval from the China Securities Regulatory Commission[23] Cost Management - Research and development expenses for the first quarter of 2021 were minimal at 3 thousand RMB, indicating a focus on cost management[48] - The company’s financial expenses decreased to 48,509 thousand RMB in the first quarter of 2021 from 50,920 thousand RMB in the same period of 2020, primarily due to lower interest expenses[48]

Financial Performance - The net profit attributable to the parent company for 2020 was RMB 570,040,574.29, after deducting the statutory surplus reserve of RMB 60,804,977.56 and adding the beginning retained earnings of RMB 3,757,519,230.68, resulting in a distributable profit of RMB 4,114,041,385.40[7] - The company's operating revenue for 2020 was CNY 336,387.4 million, representing a year-on-year increase of 17.97% compared to CNY 285,145.3 million in 2019[25] - The net profit attributable to shareholders for 2020 was CNY 57,003.9 million, an increase of 12.41% from CNY 50,710.7 million in 2019[25] - The net cash flow from operating activities for 2020 was CNY 53,243.6 million, a decrease of 39.83% compared to CNY 88,493.3 million in 2019[25] - The total assets at the end of 2020 were CNY 1,880,296.9 million, reflecting a 4.51% increase from CNY 1,799,080.7 million at the end of 2019[25] - The basic earnings per share for 2020 was CNY 0.40, up 11.11% from CNY 0.36 in 2019[28] - The weighted average return on net assets for 2020 was 8.95%, an increase of 0.47 percentage points from 8.48% in 2019[28] - The company achieved operating revenue of RMB 336,387.4 million in 2020, representing a 17.97% increase compared to the previous year[47] - The operating cost increased by 12.65% to RMB 218,511.9 million, primarily due to increased business volume and higher effluent quality standards[50] - The net profit attributable to the parent company rose by 12.41% to RMB 57,003.9 million, driven by increased business volume and operating profit growth[47] Dividend Policy - The cash dividend proposed for 2020 is RMB 1.20 per 10 shares, totaling RMB 171,267,411.60, which accounts for 30.04% of the distributable profit for the year[7] - The total cash dividends for 2020 will be submitted for approval at the annual general meeting[7] - The company emphasizes the importance of cash dividends, stating that at least 20% of the distributable profits should be allocated as cash dividends each year, with a cumulative minimum of 30% over three years[110] - In the case of significant capital expenditures, the company will ensure that cash dividends constitute at least 40% of the profit distribution if in a mature phase[110] - The company has revised its profit distribution policy to prioritize cash dividends, ensuring transparency and sustainability in returns to shareholders[107] - The company aims to maintain a stable and continuous profit distribution policy while considering long-term interests and sustainable development[110] - The company will only distribute profits if it has positive distributable profits and sufficient cash flow, ensuring that it does not affect ongoing operations[110] Risk Management - The company has not reported any major risk warnings for the year[8] - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees[8] - The company is focused on risk management, establishing a comprehensive risk management system to identify and respond to various business risks[109] - The company will continue to monitor external risks and implement risk prevention plans while focusing on production and operations amid the ongoing pandemic[99] - The company recognizes the potential risks associated with policy changes and operational management, particularly in the context of environmental regulations[109] Operational Developments - The company is still in a development phase and plans to allocate funds for external project development in 2021[7] - The company has established a big data operation management platform to promote high-quality development in operational management[41] - The company plans to raise up to RMB 1.8 billion through a private placement to repay interest-bearing debts and supplement working capital, pending regulatory approval[46] - The company plans to expand its operations in the central and western regions, driven by new project launches[59] - The company is positioned to benefit from increasing market opportunities in rural environmental governance and wastewater resource utilization, as outlined in national policy directives[37] Environmental Impact - The cumulative reduction of environmental pollutants included approximately 409,000 tons of COD and 209,000 tons of BOD, contributing significantly to water environment management[143] - The company’s wastewater treatment projects strictly adhered to relevant discharge standards, with normal operational conditions reported[144] - All operational wastewater treatment projects passed environmental impact assessments and received approvals from environmental protection departments[145] - The company has established emergency response plans for sudden environmental incidents, which have been reviewed and filed with local environmental authorities[146] - Environmental self-monitoring plans were implemented, with results publicly disclosed on local environmental monitoring platforms[147] Corporate Governance - The company has engaged PwC Zhongtian as its domestic auditor and RSM Hong Kong as its overseas auditor, both with a 26-year auditing history[119] - The supervisory board is responsible for overseeing the board's formulation and execution of profit distribution policies and shareholder return situations[113] - The company has confirmed compliance with the disclosure requirements of the Hong Kong Stock Exchange regarding related party transactions[131] - The company has consistently prioritized reasonable returns to investors since its restructuring in December 2000, with cash dividends issued in all years except 2018 due to the planning of a non-public offering in A-shares[113] Strategic Initiatives - The company is exploring opportunities for mergers and acquisitions to further its growth objectives[178] - The company is actively pursuing strategic investments to enhance its market position[178] - The company is considering strategic acquisitions to bolster its market position, targeting firms with complementary technologies[183] - The company has initiated a strategic partnership with a tech firm to enhance its digital capabilities[189] Employee and Management - The company has a workforce of 2,034 employees, with 21 holding senior titles, indicating a strong professional team in various fields[41] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 13.2294 million yuan[195] - Changes in the board included the resignation of several directors and the appointment of new management personnel, indicating a restructuring within the company[198]