Financial Performance - Net profit attributable to shareholders of the listed company for the first nine months was RMB 25,442.40 million, representing a year-over-year increase of 20.57%[7]. - Basic earnings per share for the period was RMB 0.18, an increase of 20.00% compared to RMB 0.15 in the previous year[9]. - The company reported a net profit increase of RMB 4,340 million compared to the same period last year[12]. - Net profit for Q3 2014 reached 114,310 thousand RMB, up 20.4% from 94,934 thousand RMB in Q3 2013[28]. - Operating profit for Q3 2014 was 103,822 thousand RMB, an increase from 86,061 thousand RMB in Q3 2013, representing a growth of 20.5%[31]. - Net profit for the first nine months of 2014 reached 181,334 thousand RMB, compared to 179,036 thousand RMB in the same period last year, showing a slight increase of 1.3%[31]. Assets and Liabilities - Total assets as of September 30, 2014, amounted to RMB 1,125,672.40 million, an increase of 1.65% compared to the end of the previous year[12]. - The total liabilities as of September 30, 2014, were RMB 697,472 million, an increase of 0.51% from the beginning of the year[12]. - The company's total liabilities increased to 5,143,282 thousand RMB from 4,837,940 thousand RMB, representing a rise of 6.3%[26]. - Total assets as of September 30, 2014, amounted to 8,992,683 thousand RMB, compared to 8,620,186 thousand RMB at the beginning of the year, reflecting a growth of 4.3%[25]. - The largest shareholder, Tianjin Municipal Investment Co., Ltd., held 51.03% of the shares, with a total of 728,313,603 shares[10]. Cash Flow - Net cash flow from operating activities for the first nine months of 2014 was RMB 59,469.10 million, a significant increase of 71.72% compared to the same period last year[7]. - Cash flow from operating activities for the first nine months of 2014 was 594,691 thousand RMB, up from 346,319 thousand RMB in the previous year, indicating a growth of 71.8%[34]. - Total cash inflow from operating activities was 1,277,769 thousand RMB, compared to 1,029,449 thousand RMB in the same period last year, reflecting a year-over-year increase of 24.1%[34]. - Cash flow from financing activities resulted in a net outflow of 574,870 thousand RMB, compared to a net outflow of 195,812 thousand RMB in the same period last year, representing a decline of 194.5%[34]. - The company reported a total cash and cash equivalents balance of 845,303 thousand RMB at the end of Q3 2014, down from 1,004,914 thousand RMB at the end of Q3 2013, a decrease of 15.9%[34]. Shareholder Information - The total number of shareholders as of the report date was 89,734, with 89,655 being A-share shareholders[10]. - Basic and diluted earnings per share remained stable at 0.05 RMB for Q3 2014, unchanged from Q3 2013[31]. Inventory and Receivables - Accounts receivable decreased by 43.02% to 359 million RMB, primarily due to the recovery of receivables from subsidiaries[14]. - Inventory decreased significantly by 68.31% to 1,839 million RMB, mainly due to the settlement of the BT project by Tianjin Zichuang Engineering Investment Co., Ltd[14]. Asset Changes - Intangible assets increased by 80.10% to 553,792 million RMB, reflecting the transfer of relevant assets from fixed assets[14]. - Fixed assets decreased by 85.51% to 44,753 million RMB, as Tianjin Fourth Plant began executing a franchise operation[14]. - Other current assets increased by 824.77% to 6,048 million RMB, attributed to the transfer of related assets from Anguo Chuangye Water Co., Ltd[14]. Borrowings - Short-term borrowings increased to 50,000 thousand RMB, reflecting new borrowings by the parent company[22]. - Long-term borrowings increased to 559,100 thousand RMB from 310,600 thousand RMB, reflecting an increase of 80.4%[25].

Financial Performance - The company achieved operating revenue of RMB 86,177 million in the first half of 2014, an increase of 1.22% compared to the same period last year[16]. - Net profit attributable to shareholders reached RMB 14,396 million, reflecting a growth of 23.92% year-on-year[16]. - The net cash flow from operating activities surged to RMB 37,984 million, a significant increase of 191.24% compared to the previous year[16]. - Basic earnings per share rose to RMB 0.10, marking a 25% increase from the previous year[16]. - The company's overall operating income increased by 1.22% to RMB 861.77 million, while operating costs decreased by 4.35% to RMB 487.25 million[23]. - The company reported a net profit of RMB 143.96 million, an increase of RMB 27.79 million or 23.92% compared to the same period last year[19]. - The company's operating profit for the first half of 2014 was RMB 198,145 thousand, compared to RMB 159,678 thousand in the same period of 2013, representing an increase of approximately 24.0%[77]. - The company reported a net profit of RMB 143,957 thousand for the first half of 2014, up from RMB 116,169 thousand in the same period of 2013, reflecting a growth of approximately 24%[81]. Asset Management - The company's total assets increased by 2.76% to RMB 1,137,979 million at the end of the reporting period[16]. - The company's total assets reached RMB 11,379,794 thousand as of June 30, 2014, compared to RMB 11,073,751 thousand at the end of 2013, reflecting an increase of approximately 2.8%[76]. - Current assets totaled RMB 3,604,035 thousand, up from RMB 3,274,637 thousand in the previous year[74]. - The company reported a decrease in fixed assets by 85.56% to RMB 44.60 million, while intangible assets increased by 82.11% to RMB 559.96 million due to the transfer of assets related to the sewage treatment plants[26]. - The company's total current assets have significantly increased, indicating a strategic shift in asset management and project handling[165]. Liabilities and Equity - The company's total liabilities increased to RMB 7,212,098 thousand as of June 30, 2014, compared to RMB 6,939,207 thousand at the end of 2013, marking an increase of approximately 3.9%[76]. - The total equity attributable to shareholders of the parent company rose to RMB 4,006,273 thousand, compared to RMB 3,976,494 thousand at the end of 2013, indicating a growth of about 0.7%[76]. - As of June 30, 2014, the company's asset-liability ratio was 63.38%[52]. Cash Flow - Operating cash flow increased significantly to RMB 379.84 million, a 191.24% rise compared to the previous year[23]. - Total cash inflow from operating activities reached RMB 822,913 thousand, compared to RMB 591,072 thousand in the first half of 2013, marking an increase of about 39%[78]. - The total cash outflow from financing activities was RMB 723,223 thousand, compared to RMB 805,399 thousand in the first half of 2013, indicating a reduction of about 10%[79]. - The cash flow statement indicates cash after deducting restricted bank deposits is RMB 1,057,240 thousand, up from RMB 994,982 thousand at the end of 2013, reflecting a growth of about 6.3%[137]. Revenue Streams - The total sewage treated was 540.78 million cubic meters, a 3.13% increase year-on-year, generating revenue of RMB 650.19 million, a decrease of 0.27% from the previous year[19]. - The revenue from reclaimed water sales reached RMB 26.13 million, a 28.1% increase year-on-year, due to reduced river water usage and increased demand from power plants[21]. - The self-water supply business generated RMB 30.64 million in revenue, a significant increase of 68.91% year-on-year, attributed to the inclusion of source water fees in pricing[21]. - The construction business revenue was RMB 4.05 million, a decrease of 70.59% compared to the previous year, as most projects were completed in the prior period[20]. Cost Management - The company reduced its operating costs by RMB 2,217 million, a decrease of 4.35% year-on-year, primarily due to lower depreciation costs[18]. - Financial expenses decreased by RMB 1,143 million to RMB 10,552 million, attributed to reduced loan principal and lower interest expenses from refinancing[18]. Investments and Projects - The company signed a 30-year concession agreement for four wastewater treatment plants, effective from January 1, 2014, ensuring a guaranteed water volume of 80% of their designed capacity[88]. - The company approved a capital increase of RMB 19.6 million for its wholly-owned subsidiary Fuyang Chuangye Water Co., Ltd. to acquire a water reuse project, raising its registered capital to RMB 106.5 million[36]. - A capital increase of RMB 64 million was approved for Xi'an Chuangye Water Co., Ltd. for upgrading wastewater treatment facilities, which is currently in progress[37]. Employee and Compensation - The company employed 1,475 staff members, with total employee compensation of approximately RMB 116.086 million during the reporting period[55]. - Employee compensation includes various forms of remuneration such as salaries, bonuses, and social insurance contributions[124]. Dividends and Shareholder Information - The company distributed a cash dividend of RMB 0.10085 per share to A-shares and H-shares, with the distribution completed on July 31, 2014[41]. - The top shareholder, Tianjin Municipal Investment Co., Ltd., holds 51.58% of the shares, with a total of 736,207,892 shares[64]. Compliance and Audit - The company’s financial statements for the six months ending June 30, 2014, reflect compliance with accounting standards and provide a true and complete view of its financial status[97]. - The company has not reported any significant changes in net profit expectations or non-standard audit reports for the current period[42]. Impairment and Provisions - A provision for impairment loss of RMB 6.9 million was recorded for wastewater treatment projects during the reporting period[45]. - The company assesses the impairment risk of receivables and has made provisions for bad debts as of June 30, 2014[131]. Miscellaneous - The company is currently involved in arbitration regarding unpaid water service fees amounting to RMB 6,000 million, with an interim ruling issued on April 18, 2014[44]. - The company has maintained a stable share structure with no changes in total shares or capital during the reporting period[61].

Financial Performance - Net profit attributable to shareholders for Q1 2014 was RMB 5,961 million, an increase of 10.10% year-on-year[10] - Operating revenue for Q1 2014 was RMB 39,717 million, down 5.79% from the same period last year[10] - Basic and diluted earnings per share for Q1 2014 were both RMB 0.042, an increase of 10.53% year-on-year[10] - The company reported a total profit of RMB 82,781 thousand for Q1 2014, an increase of 6.0% from RMB 77,446 thousand in the previous year[31] - Net profit for Q1 2014 was RMB 60,130 thousand, an increase of 6.1% compared to RMB 56,405 thousand in the previous year[31] Assets and Liabilities - Total assets as of March 31, 2014, were RMB 1,094,179 million, a decrease of 1.19% compared to the end of the previous year[10] - Total liabilities as of March 31, 2014, were RMB 686,129 million, a decrease of 1% from the beginning of the year[17] - The total assets decreased to CNY 10,941,788,000 from CNY 11,073,751,000, indicating a decline in overall asset value[24] - The total liabilities decreased slightly to CNY 6,861,292,000 from CNY 6,939,207,000, reflecting a reduction in financial obligations[24] Cash Flow - Net cash flow from operating activities for Q1 2014 was RMB 2,769 million, a decrease of 235.14% compared to the previous year[10] - Operating cash flow net inflow was CNY 2,769,000, a significant improvement compared to a net outflow of CNY 2,049,000 in the same period last year[19] - Cash flow from operating activities generated RMB 27,687 thousand, a significant improvement from a cash outflow of RMB 20,494 thousand in Q1 2013[35] - Cash flow from investing activities resulted in a net outflow of RMB 254,470 thousand, compared to RMB 270,096 thousand in the same period last year[35] - Cash flow from financing activities showed a net outflow of RMB 128,962 thousand, a decrease from a net inflow of RMB 41,928 thousand in Q1 2013[36] - The ending cash and cash equivalents balance was RMB 639,237 thousand, down from RMB 748,303 thousand at the end of Q1 2013[36] Shareholder Information - The total number of shareholders was 99,254, with 88 being H-share shareholders[14] - The largest shareholder, Tianjin Municipal Investment Co., Ltd., held 51.58% of the shares[14] Asset Changes - Cash and cash equivalents decreased by 35.86% to CNY 64,284,000 from CNY 100,225,000 due to loan repayments and project payments[18] - Inventory decreased by 35.65% to CNY 3,735,000 from CNY 5,804,000 as a result of project settlements[18] - Fixed assets decreased significantly by 86.12% to CNY 42,859,000 from CNY 308,812,000 due to the execution of new projects[18] - Intangible assets increased by 86.61% to CNY 573,807,000 from CNY 307,483,000 as related assets were transferred to intangible asset accounting[18] Investment Income - Investment income showed a loss of CNY 173,000, a 253.06% increase in losses compared to CNY 49,000 in the previous year[19] - The company’s investment income from associates and joint ventures was a loss of RMB 1,728 thousand, compared to a loss of RMB 494 thousand in the same period last year[31] Cost Management - Total operating costs decreased to RMB 313,388 thousand, down 9.3% from RMB 345,548 thousand year-over-year[31]

Financial Performance - The net profit attributable to the parent company for 2013 was RMB 281.9 million, with a statutory surplus reserve of RMB 22.35 million deducted, resulting in a distributable profit of RMB 1.7937 billion[7]. - The proposed cash dividend for 2013 is RMB 0.80 per 10 shares, totaling RMB 114.18 million, which represents 40.50% of the distributable profit for the year[7]. - The total available profit for distribution to shareholders after accounting for previous dividends and reserves is RMB 1.7937 billion[7]. - The company achieved operating revenue of RMB 174,986 million in 2013, an increase of 6.87% compared to 2012[23]. - Net profit attributable to shareholders was RMB 28,190 million, reflecting a growth of 4.80% year-on-year[30]. - The company's total operating revenue for 2013 was RMB 1,749.86 million, a 6.87% increase from RMB 1,637.32 million in 2012[36]. - The net cash flow from operating activities was RMB 571.47 million, up 15.63% from RMB 494.24 million in 2012[45]. - The company's gross profit margin for wastewater treatment decreased by 2 percentage points to 39.72%[48]. - The basic earnings per share for 2013 was RMB 0.20, up from RMB 0.19 in 2012, indicating a growth of about 5.26%[188]. - The company's financial expenses decreased from RMB 212,328 thousand in 2012 to RMB 177,813 thousand in 2013, a reduction of about 16.19%[188]. Business Operations - The company’s main business includes wastewater treatment, water supply, and renewable energy services, reflecting a diversified operational focus[20]. - The company plans to continue expanding its wastewater treatment facilities and services in the coming years, although specific commitments were not disclosed[8]. - The company processed a total of 109,011 million cubic meters of wastewater, which is a 4.7% increase from 2012, generating revenue of RMB 131,513 million[31]. - The revenue from the wastewater treatment construction business reached RMB 4,350 million, marking a 49.48% increase compared to the previous year[32]. - The company secured a 30-year concession for four wastewater treatment plants, enhancing long-term operational stability[27]. - The company reported a significant increase in revenue from the odor removal engineering business, achieving RMB 1,990 million, a 319% increase year-on-year[32]. - The company aims to enhance its competitive edge through technology-driven development and expanding into new business areas[52]. - The company plans to continue its strategic transformation from traditional water services to diversified environmental services[49]. - The company is focused on expanding its wastewater treatment and recycling facilities, with significant investments in environmental technology research and development[57]. - The company aims to expand its business into new areas such as commissioned operation of wastewater treatment plants and new energy supply projects to drive revenue growth[67]. Financial Health - The company’s total assets increased to RMB 1,107,375 million, a growth of 7.44% compared to the end of 2012[23]. - The company’s net assets attributable to shareholders reached RMB 397,649 million, reflecting a 5.19% increase year-on-year[23]. - The company has made substantial investments in construction projects, with in-progress projects increasing by 150.73% to RMB 115,208 million[51]. - The company issued RMB 700 million in bonds during the reporting period, doubling the previous year's amount[52]. - The company has a total asset value of $73,439 million, with a net asset value of $33,361 million, indicating strong financial health[57]. - The total liabilities as of December 31, 2013, amounted to RMB 6,939,207 thousand, up from RMB 6,374,323 thousand in 2012, indicating a growth of approximately 8.85%[187]. - The total equity attributable to shareholders of the parent company increased to RMB 3,976,494 thousand in 2013 from RMB 3,780,229 thousand in 2012, marking a rise of about 5.19%[187]. Corporate Governance - The company’s financial reports received standard unqualified audit opinions from PwC and PwC Hong Kong[5]. - The company has established an audit committee to oversee financial reporting and internal controls[103]. - The company has maintained compliance with the Hong Kong Stock Exchange's corporate governance code throughout the reporting period[97]. - The independent directors did not raise any objections to the board's proposals during the reporting period[161]. - The audit committee recommended the appointment of PwC and Deloitte as the company's auditors for domestic and international audits[161]. - The company has implemented a performance-based salary system for senior management, linking bonuses to individual and company performance[161]. Market Expansion and Strategy - The company aims to improve its profitability model by commercializing infrastructure projects and enhancing management levels across its subsidiaries[114]. - The company is focused on expanding its market share and enhancing brand image through strategic asset optimization[114]. - The company aims to achieve a revenue increase from wastewater treatment service fees not exceeding 5% compared to 2013, while controlling business costs to not exceed a 10% increase[68]. - The company plans to invest no less than RMB 6.9678 million in technology research and development in 2014, focusing on core processes in wastewater treatment and sludge processing[69]. - The company is actively involved in the development and management of solid waste treatment facilities, contributing to its environmental sustainability goals[56]. - The company identifies significant growth opportunities in the environmental protection industry due to new policies promoting ecological civilization and resource utilization[66]. Social Responsibility - The company has actively fulfilled its social responsibility, as detailed in its social responsibility report[79]. - The company has strengthened its cost control and risk management processes to improve operational efficiency[49]. - The company has a project consultation service for municipal engineering, road engineering, and traffic engineering, enhancing its service offerings[57]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,446, with 493 in the parent company and 953 in subsidiaries[142]. - The company has established a comprehensive salary system, implementing a position-level salary system and year-end bonus system[142]. - The total remuneration for the executives during the reporting period amounted to 1,047.83 million yuan before tax[121]. - The company has a diverse management team with a mix of experience in various sectors related to water management and environmental protection[122].