Financial Performance - The net profit attributable to the company for 2022 was RMB 751,254,173.95, after deducting the statutory surplus reserve of RMB 45,053,105.75[5] - The actual distributable profit for shareholders in 2022 amounted to RMB 5,075,506,443.79, with a proposed cash dividend of RMB 1.44 per 10 shares, totaling RMB 226,140,204.24, representing 30.10% of the distributable profit[5] - The company's operating revenue for 2022 was RMB 452,216.70 million, a slight decrease of 0.30% compared to RMB 453,557.90 million in 2021[21] - Net profit attributable to shareholders for 2022 was RMB 75,125.40 million, representing an increase of 8.38% from RMB 69,318.90 million in 2021[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 66,366.20 million, up 8.16% from RMB 61,359.80 million in 2021[21] - The total assets at the end of 2022 were RMB 2,296,967.40 million, an increase of 9.04% from RMB 2,106,529.20 million at the end of 2021[21] - The net assets attributable to shareholders at the end of 2022 were RMB 847,947.30 million, reflecting a growth of 19.09% from RMB 712,019.80 million at the end of 2021[21] - Basic earnings per share for 2022 were RMB 0.51, an increase of 4.08% compared to RMB 0.49 in 2021[22] - The weighted average return on net assets for 2022 was 9.88%, a slight decrease from 10.11% in 2021[22] - Total profit reached RMB 96,929.8 million, reflecting an increase of 8.17% year-on-year[39] Audit and Compliance - The company received a standard unqualified audit report from PwC Zhongtian, ensuring the accuracy and completeness of the financial statements[5] - The board of directors and senior management confirmed the authenticity and completeness of the annual report, taking legal responsibility for its content[5] - The company has established a governance structure that complies with Chinese laws and regulations, ensuring shareholder rights and effective decision-making processes[79] - The independent non-executive directors have mechanisms in place to ensure their independence, including regular communication and access to external professional advice[101] - The internal control audit report issued by PwC confirmed the effectiveness of the company's financial reporting internal controls[188] Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[93] - The board of directors has implemented various committees to support scientific decision-making and monitor compliance with legal and regulatory requirements[80] - The company emphasizes the importance of corporate governance in driving long-term value and sustainability[109] - The board's diversity policy has been reviewed and deemed effective, aligning with the company's current status and future development plans[92] - The company has established a dedicated investor relations management system to facilitate communication and provide comprehensive information to shareholders and potential investors[98] Environmental and Social Responsibility - The company is committed to environmental and social responsibilities as part of its operational strategy[7] - The company has implemented measures that resulted in a reduction of 17,518 tons of CO2 equivalent emissions through its new energy cooling and heating business and distributed photovoltaic power generation projects[199] - All wastewater treatment projects have passed environmental impact assessments and received approvals from environmental protection departments[194] - The company has disclosed its social responsibility report, with further details available on the Shanghai Stock Exchange website[200] Strategic Initiatives and Future Plans - The company plans to focus on external project development in 2023, indicating ongoing investment in growth despite being in a development phase[5] - The company is focused on expanding its market presence and enhancing its operational efficiency through strategic initiatives[21] - The company plans to enhance control over subsidiaries by restructuring the ownership of subsidiaries, with a transfer price of RMB 32,634.83 million for the shares of two companies[61] - The company aims to become a leading professional service provider in water treatment and resource utilization by the end of the 14th Five-Year Plan[67] - The company plans to process no less than 157.23 million cubic meters of wastewater in 2023, with expected changes in service fee revenue and costs not exceeding 20%[69] Research and Development - Research and development expenses surged by 137.33% to RMB 4,353.9 million, indicating increased investment in innovation[40] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing operational efficiency[117] - Total R&D investment amounted to RMB 5,418.45 million, representing 1.20% of total revenue, with 21.95% of R&D costs capitalized[55] Risk Management - The company identifies risks related to government credit, as wastewater treatment service fees are primarily sourced from government accounts, making them reliant on government financial health[71] - The company emphasizes the importance of risk management due to potential policy changes affecting pricing and operational agreements, particularly in hazardous waste management[72] - The company is committed to enhancing its comprehensive risk management framework to identify, analyze, and respond to various policy risks, ensuring dynamic management and effective control[75] Employee and Management Structure - The total number of employees in the company and its major subsidiaries is 2,265, with 473 in the company and 1,792 in subsidiaries[143] - The company has established a performance-oriented compensation management system, with annual total compensation for employees consisting of basic salary, performance salary, benefits, and other compensation[144] - The management team has a strong educational background, with several members holding advanced degrees in business and finance[110] Shareholder Engagement and Dividend Policy - The company prioritizes cash dividends, distributing no less than 20% of the distributable profit attributable to the parent company each year, with a cumulative distribution of at least 30% over three years[149] - The company has a clear cash dividend policy that emphasizes transparency and quality of information disclosure[148] - The company proposed a cash dividend of 1.44 CNY per share for 2022, totaling 22,614 million CNY, representing 30.10% of the net profit attributable to ordinary shareholders[161]

债券代码：188867 债券简称：21 津创 01 证券代码：600874 股票简称：创业环保 公告编号：临 2023-025 天津创业环保集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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/） 会议召开方式：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 4 月 18 日上午 11:00-12:00 （二） 会议召开地点：上证路演中心 会议召开时间：2023 年 04 月 18 日(星期二)上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： （三） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 11 日(星期二) ...

Financial Performance - The company's operating revenue for 2022 was RMB 452,216.70 million, a slight decrease of 0.30% compared to RMB 453,557.90 million in 2021[6] - Net profit attributable to shareholders for 2022 was RMB 75,125.40 million, representing an increase of 8.38% from RMB 69,318.90 million in 2021[6] - The net profit after deducting non-recurring gains and losses was RMB 66,366.20 million, up 8.16% from RMB 61,359.80 million in 2021[6] - Basic earnings per share for 2022 were RMB 0.51, an increase of 4.08% compared to RMB 0.49 in 2021[7] - The net cash flow from operating activities for 2022 was RMB 91,205.10 million, a decrease of 2.64% from RMB 93,680.80 million in 2021[6] - The total operating revenue for the year ended December 31, 2022, was RMB 4,522,167, a slight decrease from RMB 4,535,579 in 2021[61] - The total profit for 2022 was RMB 969,298, compared to RMB 896,059 in 2021, reflecting a growth of 8.2%[61] - The net profit attributable to the company's ordinary shareholders for 2022 was RMB 751,254 thousand, an increase from RMB 693,189 thousand in 2021, resulting in basic earnings per share of RMB 0.51[72] Assets and Liabilities - The total assets at the end of 2022 reached RMB 2,296,967.40 million, a growth of 9.04% from RMB 2,106,529.20 million in 2021[6] - Cash and cash equivalents at the end of the period reached RMB 325,206 million, accounting for 14.16% of total assets, a 52.00% increase from RMB 213,949 million in the previous period[38] - Short-term borrowings decreased by 99.31% to RMB 100.10 million, down from RMB 14,585 million, primarily due to repayment of part of the short-term loans[38] - The company’s total liabilities reached RMB 13,467,381,000 in 2022, up from RMB 12,961,222,000 in the previous year, marking a growth of approximately 3.9%[60] - Non-current liabilities totaled RMB 10,120,558,000 in 2022, compared to RMB 9,750,450,000 in 2021, indicating an increase of about 3.8%[60] Revenue Breakdown - The revenue from wastewater treatment and water plant construction business was CNY 319,278.80 million, a decrease of 4.74% year-on-year, with a gross margin of 35.11%, up by 5.31%[24] - The revenue from recycled water treatment and supporting projects increased by 15.65% year-on-year to CNY 38,977.50 million, with a gross margin of 37.27%, down by 0.64%[24] - The revenue from hazardous waste disposal business increased by 7.63% year-on-year to CNY 23,719.60 million, with a gross margin of 31.58%, up by 16.67%[24] - The revenue from the Tianjin-Beijing-Hebei region was CNY 236,182.00 million, an increase of 12.79% year-on-year, with a gross margin of 37.93%, down by 2.01%[25] - The revenue from the Southwest region was CNY 20,794.00 million, up by 11.85% year-on-year, with a gross margin of 28.84%, an increase of 4.99%[25] - The revenue from the Northwest region decreased by 32.27% year-on-year to CNY 46,953.00 million, with a gross margin of 25.86%, up by 10.52%[25] Investments and Expansion - The company is actively expanding its strategic new business while consolidating its existing water service projects, including the development of photovoltaic power generation projects[11] - The company plans to acquire assets from Tianjin Urban Infrastructure Investment Group to expand its sludge disposal business, which will help in extending its industrial chain[11] - The company plans to invest RMB 6,971 million in the second phase expansion of the Linxia sewage treatment plant PPP project, with a capital contribution of RMB 2,091 million[40] - The company is focusing on investments in water services, new energy cooling and heating, and sludge treatment sectors[39] - The company plans to increase its stake in Tianjin Jiayuan Shengchuang New Energy Technology Co., Ltd. for the Tianjin Houtai Scenic Area energy station project, with a total investment of RMB 183.48 million[41] Research and Development - Research and development expenses increased by 137.33% to RMB 43.54 million due to higher investment in R&D personnel and materials[22] - Total research and development investment amounted to RMB 5,418.45 million, accounting for 1.20% of operating revenue[35] - The number of R&D personnel is 410, representing 18.10% of the total workforce[35] - The company received 23 authorized patents in 2022, including 2 invention patents and 21 utility model patents[18] Operational Efficiency and Management - The company has focused on enhancing operational management and has implemented a big data management platform to improve efficiency and safety in operations[10] - The company operates under market-oriented mechanisms, having implemented performance assessment systems and management contracts for its subsidiaries[12] - The company aims to enhance operational management levels through standardized management and timely risk control measures[56] - The company is focusing on comprehensive risk management to identify, analyze, and respond to various policy risks[55] Environmental Commitment - The company has initiated greenhouse gas monitoring at wastewater treatment plants as part of its commitment to carbon neutrality[10] - The company is committed to integrating digital and low-carbon operations in its wastewater treatment plants[47] - The national target for sludge harmless disposal rate is set to reach 90%, with a goal to establish new disposal facilities with a scale of no less than 20,000 tons per day[46] Dividend and Shareholder Information - The proposed cash dividend for 2022 is RMB 1.44 per 10 shares, totaling RMB 226,140,204.24, which represents 30.10% of the distributable profit for the year[58] - The proposed total dividend amount as of December 31, 2022, was RMB 226,140 thousand, an increase from RMB 208,376 thousand in 2021[9] Audit and Compliance - The audit committee has reviewed the accounting principles and methods adopted by the group, ensuring compliance with financial reporting standards[85] - The audit firm PwC has confirmed that the financial figures for the year ending December 31, 2022, are consistent with the audited consolidated financial statements[86] - No assurance opinion was issued by PwC regarding the annual performance announcement[86] - The announcement does not include any strategic initiatives or new strategies[86] - The document does not provide any user data or performance summaries[86]

Financial Performance - The net profit attributable to the parent company for 2022 was RMB 751,254,173.95, after deducting the statutory surplus reserve of RMB 45,053,105.75[13] - The actual distributable profit for shareholders in 2022 was RMB 5,075,506,443.79, with a proposed cash dividend of RMB 1.44 per 10 shares, totaling RMB 226,140,204.24, which accounts for 30.10% of the distributable profit[13] - Basic earnings per share for 2022 increased by 4.08% to CNY 0.51 compared to CNY 0.49 in 2021[73] - The weighted average return on equity decreased by 0.23 percentage points to 9.88% in 2022 from 10.11% in 2021[73] - The company achieved a total revenue of CNY 453,557.90 million, reflecting a slight decrease of 0.30% compared to the previous year[87] - The company’s total revenue for 2022 was CNY 452,216.70 million, a slight decrease of 0.30% compared to CNY 453,557.90 million in 2021[101] - Net profit attributable to shareholders increased by 8.38% to CNY 75,125.40 million from CNY 69,318.90 million in the previous year[101] - The net profit after deducting non-recurring gains and losses was CNY 66,366.20 million, reflecting an 8.16% increase year-on-year[101] - The total profit reached 969.298 million RMB, an increase of 8.17% year-on-year[114] Assets and Investments - The company reported total assets of RMB 134,235.49 million and net assets of RMB 35,852.80 million for its subsidiary, Zhongshui Company[3] - The registered capital of Hangzhou Company is RMB 37,744.50 million, with a net profit of RMB 10,186.08 million[3] - The company has a 100% equity stake in Xi'an Company, which reported a net profit of RMB 6,016.11 million[3] - The total asset scale of Jiyuan Xingchuang is RMB 68,332.33 million, with a net profit of RMB 4,432.05 million[3] - Cash and cash equivalents at the end of the period amounted to CNY 325,206.00 million, a 52.00% increase compared to the previous period[49] - The company’s total assets at the end of the period were significantly impacted by operational cash inflows and targeted fundraising efforts[49] - Total assets at the end of 2022 were CNY 2,296,967.40 million, reflecting a 9.04% increase from CNY 2,106,529.20 million at the end of 2021[101] Research and Development - The total R&D investment for the period was CNY 5,418.45 million, accounting for 1.20% of operating revenue[45] - The number of R&D personnel is 410, representing 18.10% of the total workforce[46] - The capitalized R&D investment accounted for 21.95% of total R&D expenditures[45] - The company’s R&D expenses increased by 137.33% to CNY 1,834.50 million during the reporting period[87] - Research and development investments increased by 30%, focusing on innovative water treatment technologies[190] Strategic Initiatives - The company is focusing on the development of new energy technologies and environmental protection services, indicating a strategic shift towards sustainability[3] - The company plans to allocate funds for external project development in 2023, reflecting its growth strategy[13] - The company plans to enhance its comprehensive environmental services, focusing on wastewater treatment and related services[53] - The company is actively promoting public REITs and is working on project audits and compliance with government regulations[107] - The company is focusing on optimizing its business layout and implementing a national expansion strategy, particularly in key regions such as the Beijing-Tianjin-Hebei area and the Yangtze River basin[169] Operational Performance - The company achieved operating revenue of 4,522.167 million RMB in 2022, a decrease of 0.30% compared to the previous year[114] - The company reported a total of 207,183 million yuan in costs related to wastewater treatment, which accounted for 73.73% of total costs, down from 77.95% in the previous year[62] - The company reported a significant increase in operating costs due to rising resource and labor costs, which may impact future profitability[169] - The company is focusing on expanding its sewage treatment and hazardous waste disposal operations, with increased operational volumes leading to higher revenues[116] Governance and Compliance - The company completed the re-election of its board of directors on September 8, 2022, with the new board serving from September 9, 2022, to September 8, 2025[143] - The board consists of 9 members, including 3 independent non-executive directors, ensuring compliance with the Hong Kong Stock Exchange's independence requirements[143] - The company held 22 board meetings and 3 shareholder meetings during the reporting period, demonstrating active governance[143] - The company has implemented a stock management system for directors and senior management, limiting share transfers during their tenure to 25% of their holdings[143] - The company emphasizes continuous professional development for directors, providing training to ensure they meet their responsibilities effectively[143] Market and Customer Relations - The total sales revenue from the top five customers amounted to 225,148.43 million yuan, accounting for 49.79% of the annual total sales[67] - The total procurement amount from the top five suppliers was 56,541.86 million yuan, representing 22.49% of the annual total procurement[67] - The company has maintained a stable relationship with its major customers and suppliers, with no significant reliance on a few entities[67] Future Outlook - For 2023, the company expects to process no less than 1,572.26 million cubic meters of wastewater, with service fee revenue and cost changes not exceeding 20%[169] - The company plans to invest no less than 67 million yuan in technology research and development and technological transformation in 2023, focusing on new processes and application technologies in wastewater and sludge treatment[169] - The company is exploring partnerships with international firms to enhance technological capabilities and market reach[193]

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 third quarter was RMB 110,472.8 million, a decrease of 18.81% compared to the same period last year[3]. - Net profit attributable to shareholders was RMB 23,655.8 million, down 1.52% year-on-year[3]. - 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[3]. - The basic earnings per share for the quarter was RMB 0.17, a decrease of 2.82% compared to the same period last year[3]. - The diluted earnings per share also stood at RMB 0.17, with a similar decline of 2.82% year-on-year[3]. - The weighted average return on equity was 3.02%, a decrease of 0.48 percentage points compared to the previous year[3]. - The total operating revenue for the first nine months of 2022 was RMB 3,234,017 thousand, a slight decrease of 0.9% compared to RMB 3,264,565 thousand in the same period last year[13]. - Operating income for the first nine months of 2022 was RMB 1,251,087 thousand, a decrease of 0.5% compared to RMB 1,262,890 thousand in the same period last year[19]. - Net profit attributable to shareholders was RMB 632,921 thousand, an increase of 16.2% from RMB 544,688 thousand in the previous year[14]. - The company reported a net profit of RMB 499,933 thousand for the first nine months, a decline of 21.2% from RMB 634,307 thousand in the same period last year[19]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,271,781.9 million, an increase of 7.84% from the end of the previous year[3]. - The company's total assets as of September 30, 2022, reached RMB 22,717,819 thousand, up from RMB 21,065,292 thousand at the beginning of the year, reflecting a growth of 7.8%[12]. - Current assets increased significantly to RMB 6,599,246 thousand, compared to RMB 4,837,125 thousand at the beginning of the year, marking a growth of 36.4%[10]. - The total liabilities increased to RMB 13,356,860 thousand, compared to RMB 12,961,222 thousand at the beginning of the year, reflecting a rise of 3.1%[11]. - Total liabilities as of September 30, 2022, were RMB 8,019,213 thousand, an increase of 6.1% from RMB 7,558,954 thousand at the beginning of the year[18]. Shareholder Information - The equity attributable to shareholders was RMB 835,871.4 million, reflecting a growth of 17.39% year-on-year[3]. - The total number of shareholders at the end of the reporting period was 60,012, with the largest shareholder holding 45.57% of the shares[6]. - The company completed a private placement of shares, increasing the number of restricted A-shares by 143,189,655 shares, without changing the control rights[9]. - The company’s total equity increased to RMB 7,009,359 thousand, up 18.7% from RMB 5,903,624 thousand at the beginning of the year[18]. Cash Flow and Investments - Net cash flow from operating activities was RMB 701,019 thousand, down 15.2% from RMB 826,117 thousand year-on-year[15]. - Operating cash flow for the period from January to September 2022 amounted to RMB 1,041,895 thousand, a decrease of 47.5% compared to RMB 1,995,774 thousand in the same period last year[20]. - The cash inflow from the sale of goods and services received was RMB 855,526 thousand, reflecting the company's operational performance[20]. - The company raised RMB 816,702 thousand from investments, a substantial increase from RMB 2,298 thousand in the previous year[16]. - The company reported a cash inflow of RMB 813,890 thousand from investment absorption during the financing activities[20]. - The company’s cash outflow from investment activities was RMB 435,302 thousand, an improvement from RMB -1,426,203 thousand in the same period last year[15]. - The company received RMB 141,477 thousand in investment income during the reporting period, down from RMB 244,101 thousand in the previous year[20]. - The cash inflow from operating activities was RMB 1,224,926 thousand, while cash outflow totaled RMB 1,172,390 thousand, resulting in a net cash inflow of RMB 52,536 thousand[20]. Research and Development - The company reported a research and development expense of RMB 13,327 thousand, which is a significant increase from RMB 6,930 thousand in the previous year, indicating a focus on innovation[13]. - Research and development expenses increased to RMB 1,700 thousand, significantly higher than RMB 5 thousand in the same period last year[19]. Government Subsidies - The company received government subsidies amounting to RMB 2,044.4 million during the quarter, contributing to its financial performance[4].

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 2,129.29 million, representing an increase of 11.84% compared to RMB 1,903.95 million in the same period last year[12]. - Net profit attributable to shareholders for the same period was RMB 396.36 million, a 30.17% increase from RMB 304.49 million year-on-year[12]. - The net profit after deducting non-recurring gains and losses was RMB 361.90 million, up 36.90% from RMB 264.35 million in the previous year[12]. - The basic earnings per share for the first half of 2022 was RMB 0.28, reflecting a growth of 30.52% compared to RMB 0.21 in the same period last year[13]. - The weighted average return on net assets increased to 5.49%, up by 0.92 percentage points from 4.57% year-on-year[13]. - The company achieved operating revenue of RMB 212,928.9 million in the first half of 2022, an increase of 11.84% compared to the previous year[25]. - Net profit attributable to the company reached RMB 39,636.3 million, representing a growth of 30.17% year-on-year[25]. - Revenue from wastewater treatment business was RMB 154,817.9 million, up 12.07% from the same period last year[25]. Cash Flow and Assets - The net cash flow from operating activities was RMB 322.41 million, a decrease of 53.24% compared to RMB 689.47 million in the same period last year[12]. - Total assets at the end of the reporting period were RMB 21,454.60 million, an increase of 1.85% from RMB 21,065.29 million at the end of the previous year[12]. - Net assets attributable to shareholders at the end of the reporting period were RMB 7,311.40 million, reflecting a 2.69% increase from RMB 7,120.20 million year-on-year[12]. - The company's total liabilities as of June 30, 2022, amounted to RMB 13,141,899 thousand, up from RMB 12,961,222 thousand at the end of 2021, indicating a growth of approximately 1.4%[110]. - The total equity attributable to shareholders of the parent company increased to RMB 7,311,399 thousand as of June 30, 2022, from RMB 7,120,198 thousand at the end of 2021, marking an increase of about 2.7%[110]. Research and Development - The company plans to invest no less than RMB 38.15 million in technology research and development for new processes and application technologies in wastewater and sludge treatment[22]. - Research and development expenses increased by 76.74% to RMB 655.0 million due to higher investment in R&D activities[27]. - The company's research and development expenses for the six months ended June 30, 2022, were RMB 6,550 thousand, compared to RMB 3,706 thousand in the same period of 2021, showing an increase of approximately 76.5%[113]. Environmental and Operational Management - The company has established a digital management platform to enhance operational efficiency and is focusing on big data management in its operations[21]. - The company aims to achieve a 70% urban sewage collection rate by 2025 as part of national water environment governance goals[20]. - The company has implemented an emergency response plan for sudden environmental incidents, which has been reviewed and filed with the local environmental protection bureau[70]. - The company has established an environmental self-monitoring plan in accordance with national requirements, with monitoring results publicly disclosed on the local environmental information monitoring platform[71]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[72]. Risk Management - The company faces risks related to government credit, as wastewater treatment service fees are primarily sourced from government accounts, making government credit crucial for cash flow[36]. - The company is exposed to policy change risks that could directly impact water pricing and the volume of hazardous waste generated due to regional industrial policy shifts[37]. - The company emphasizes the importance of enhancing operational management levels to mitigate risks associated with environmental regulations and operational standards[41]. - The company plans to strengthen comprehensive risk management to identify, analyze, and respond to various policy risks effectively[40]. Shareholder and Equity Information - The company did not propose any profit distribution or capital reserve increase for the first half of 2022, with no dividends or stock bonuses declared[44]. - The stock option incentive plan involved a total of 12,170,000 stock options granted to 155 eligible participants, with the closing price of A-shares at RMB 6.28 prior to the first grant[45]. - The largest shareholder, Municipal Investment, holds 715,565,186 shares, representing 50.14% of the total shares[95]. - The total number of ordinary shareholders was 62,075 as of June 30, 2022, including 61 H-share shareholders[94]. - The company has a total of 1,426,000,000 shares issued, with the top five shareholders holding approximately 88.65% of the total shares[100]. Financial Management - The company’s financial expenses decreased by 31.07% to RMB 11,145.7 million, attributed to interest income recognition related to receivables[26]. - The company reported a loan repayment rate of 100% and an interest payment rate of 100%, indicating strong debt management[106]. - The asset-liability ratio slightly decreased to 61.25% from 61.53%, indicating stability in the company's financial structure[106]. - The company has no significant contingent liabilities as of June 30, 2022[88]. Corporate Governance - The company has complied with the corporate governance code and has established an audit committee to oversee financial reporting and internal controls[83]. - The group’s financial report for the six months ending June 30, 2022, is prepared in accordance with Chinese accounting standards, reflecting a true and complete financial status[138]. - The group’s accounting policies and estimates are tailored to the group's operational characteristics, particularly in measuring expected credit losses on receivables[135].

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]