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]

Financial Performance - Operating revenue for the period from January to September was RMB 248,016.6 million, representing a year-on-year increase of 27.80%[17] - Net profit attributable to shareholders of the listed company was RMB 43,667.4 million, up 12.64% from the same period last year[17] - Basic earnings per share for the period was RMB 0.31, reflecting a growth of 14.81% year-on-year[19] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching RMB 38,638.3 million, a growth of 23.46%[17] - Total revenue for Q3 2020 reached 958,776 thousand RMB, a 33.9% increase from 715,974 thousand RMB in Q3 2019[49] - The net profit for Q3 2020 was 202,750 thousand RMB, up 11.0% from 181,757 thousand RMB in the same period last year[54] - The total profit for Q3 2020 was 255,069 thousand RMB, representing a 18% increase from 215,840 thousand RMB in Q3 2019[54] - The total comprehensive income for the first three quarters of 2020 was CNY 640,422,000, compared to CNY 343,999,000 in the same period of 2019, representing an increase of 86.2%[59] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1,843,561.3 million, an increase of 2.47% compared to the end of the previous year[17] - The total liabilities reached RMB 1,098,263 million, increasing by RMB 13,401 million, or 1.24% from the previous year-end[25] - Accounts receivable increased by RMB 81,744.9 million, or 32.79%, primarily due to an increase in receivables from sewage treatment services[25] - Short-term borrowings decreased by RMB 20,000 million, or 100%, as the company repaid maturing short-term loans[25] - Long-term borrowings increased by RMB 99,757.6 million, or 33.18%, primarily due to new long-term loans taken during the period[25] - Total assets decreased slightly to 11,789,750 thousand RMB from 11,894,179 thousand RMB year-over-year[49] - Total liabilities increased to 10,982,626 thousand RMB from 10,848,620 thousand RMB, indicating a rise of 1.2%[49] - The company's equity attributable to shareholders rose to 6,457,986 thousand RMB, up from 6,174,025 thousand RMB, marking a growth of 4.6%[43] Cash Flow - The net cash flow from operating activities for the first nine months decreased by 43.31% to RMB 48,360.6 million compared to the previous year[17] - The net cash flow from operating activities was RMB 48,360.6 million, a decrease of RMB 36,945.1 million, or 43.31% compared to the same period last year[27] - The net cash flow from investing activities improved by RMB 70,254.3 million, or 38.24%, due to lower investment expenditures in engineering projects compared to the previous year[27] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 483,606,000, down from CNY 853,057,000 in 2019, a decrease of 43.3%[63] - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 1,134,828,000, compared to -CNY 1,837,371,000 in 2019, indicating an improvement of 38.3%[65] - Cash inflow from financing activities in the first three quarters of 2020 was CNY 2,027,076,000, an increase from CNY 1,813,215,000 in 2019, representing a growth of 11.8%[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,305, with the largest shareholder holding 50.14% of the shares[20] Government Support and Strategic Plans - The company received government subsidies amounting to RMB 6,145.4 million during the reporting period[20] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[20] - The company announced a non-public issuance of A-shares, which was approved by the board and shareholders, pending approval from the China Securities Regulatory Commission[28] Expenses and Costs - The company reported a significant decrease in sales expenses, which rose to RMB 1,181.3 million, an increase of 241.02% due to the operational costs of hazardous waste projects[27] - Research and development expenses for Q3 2020 were 1,961 thousand RMB, slightly up from 1,960 thousand RMB in Q3 2019[52] - Financial expenses in Q3 2020 amounted to 74,814 thousand RMB, a 74% increase compared to 42,846 thousand RMB in Q3 2019[52] - The company's management expenses for Q3 2020 were 38,723 thousand RMB, up from 36,422 thousand RMB in Q3 2019[52] Other Financial Metrics - The weighted average return on net assets increased by 0.38 percentage points to 6.91% compared to the previous year[17] - The company's basic earnings per share for Q3 2020 was 0.13 RMB, compared to 0.12 RMB in Q3 2019[54] - The ending cash and cash equivalents balance stood at $491,980 thousand, up from $304,435 thousand, reflecting improved liquidity position[67] - The company did not apply the new revenue and lease standards retroactively, which may impact future financial reporting[69]

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 152,139.0 million, representing a 24.22% increase compared to RMB 122,471.6 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 25,694.8 million, up 17.59% from RMB 21,850.3 million year-on-year[18]. - The net profit after deducting non-recurring gains and losses was RMB 22,655.0 million, reflecting a 17.05% increase from RMB 19,355.3 million in the previous year[18]. - Basic earnings per share for the first half of 2020 were RMB 0.18, a 20.00% increase from RMB 0.15 in the same period last year[21]. - The weighted average return on net assets increased by 0.40 percentage points to 4.13% compared to 3.73% in the previous year[21]. - The company achieved a revenue of RMB 152,139.0 million in the first half of 2020, representing a 24.22% increase compared to the previous year[34]. - Operating costs increased by 27.80% to RMB 104,071.2 million, reflecting the rising costs associated with wastewater treatment operations[34]. - The net profit attributable to the parent company was RMB 25,694.8 million, an increase of 17.59% year-on-year, driven by higher wastewater treatment volumes and increased service fees in Tianjin[34]. - Wastewater treatment revenue reached RMB 109,327.5 million, a 25.48% increase, with a total of 70,485 million cubic meters of wastewater processed, up 8.2% from the previous year[34]. Cash Flow and Investments - The net cash flow from operating activities decreased by 64.19%, amounting to RMB 26,129.9 million compared to RMB 72,970.7 million in the same period last year[18]. - The net cash flow from investing activities was -76,402.1 million, showing an improvement of 40.29% year-on-year[37]. - The net cash flow from financing activities decreased by 70.19% to 22,824.5 million compared to the previous period[37]. - The company plans to raise up to RMB 1.8 billion through a private placement of A-shares to repay debts and supplement working capital[30]. - Total equity investment amounted to 21,615.79 million, a decrease of 26,158.54 million year-on-year due to fewer new projects acquired[44]. Government Support and Subsidies - The company received government subsidies amounting to RMB 3,802.9 million, contributing positively to the financial results[22]. - The company faces risks related to the COVID-19 pandemic, which may impact operational costs and market uncertainty[52]. - Government credit risk is critical due to the reliance on government payments for wastewater treatment services, affecting cash flow and financial stability[52]. Operational Developments - The company expanded its distributed photovoltaic power generation projects, planning an annual output of 292.16 million kWh[27]. - The company signed a supplementary agreement for the operation of four wastewater treatment plants in Tianjin, establishing a new service fee pricing structure[30]. - The company’s hazardous waste business generated revenue of RMB 3,302.9 million, marking its first revenue contribution since the second half of 2019[34]. - The company’s new energy cooling and heating services generated revenue of RMB 4,605.7 million, a 13.95% increase due to expanded service areas[34]. - The company continues to focus on enhancing project operation capabilities while exploring market opportunities to expand its water service business[27]. Environmental Impact - The company operates 41 wastewater treatment projects, with a design capacity exceeding 20,000 tons per day, classified as key pollutant discharge units by local environmental authorities[79]. - During the reporting period, the company discharged approximately 12,900 tons of COD, 3,000 tons of BOD, and 270 tons of SS, contributing significantly to environmental pollution reduction[82]. - The cumulative reduction of COD was approximately 211,800 tons, BOD 93,700 tons, SS 140,600 tons, total nitrogen 24,900 tons, ammonia nitrogen 22,500 tons, and total phosphorus 3,200 tons[82]. - The company adheres to national and local wastewater discharge standards, with effluent quality meeting the specified criteria[79]. - The company has established emergency response plans for environmental incidents, which have been approved by local environmental protection bureaus[82]. Shareholder Information - As of the end of the reporting period, the total number of common stock shareholders was 73,605, including 65 H-share shareholders[88]. - The company reported a total of 715,565,186 shares held by Tianjin Municipal Investment Co., accounting for 50.14% of the total shares[92]. - HKSCC Nominees Limited holds 337,952,810 shares, representing 23.68% of the total shares[92]. - The top ten shareholders do not include any strategic investors, indicating a diverse ownership structure[94]. - The total number of shares held by the top ten unrestricted shareholders amounts to 1,080,000,000 shares[94]. Financial Stability and Debt Management - The company's current ratio improved to 1.74, up 28.89% from 1.35 at the end of the previous year, due to a significant reduction in short-term borrowings and current liabilities[111]. - The EBITDA interest coverage ratio increased to 5.86, representing a 37.88% rise compared to 4.25 in the same period last year, attributed to higher profits[111]. - The company maintained a loan repayment rate of 100%, with all debts serviced on time without any extensions or reductions[111]. - The company's asset-liability ratio remained stable at 60.30%, indicating consistent financial health[111]. - The company has a total credit line of approximately RMB 130.92 billion, with RMB 33.01 billion utilized and RMB 97.91 billion remaining as of the end of the reporting period[113]. Corporate Governance and Compliance - The company has not experienced any changes in accounting policies or significant accounting errors during the reporting period[87]. - The company has not violated any commitments related to its bond issuance, ensuring investor interests are protected[116]. - The financial statements are prepared based on the principle of going concern, reflecting the company's financial status and operating results accurately[196]. - The accounting period for the financial statements is from January 1, 2020, to June 30, 2020[197]. - The company adheres to the accounting standards for enterprises, ensuring the financial reports are true and complete[196].

证券代码：600874 股票简称：创业环保 公告编号：临 2020-020 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：2020 年 6 月 10 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 2020 年 3 月 27 日发布了 2019 年年度报告。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 2020 年 6 月 10 日（周三）下午 15:00-16:30 以网络方式在全 景网举办 2019 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 2019 年年度报告、利润分 ...