Financial Performance - The company's operating revenue for 2020 was approximately RMB 6.35 billion, representing a year-on-year increase of 12.61% compared to RMB 5.64 billion in 2019[15]. - The net profit attributable to shareholders of the listed company for 2020 was approximately RMB 1.77 billion, an increase of 6.66% from RMB 1.66 billion in 2019[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 1.67 billion, reflecting an 8.59% increase from RMB 1.54 billion in 2019[15]. - The net cash flow generated from operating activities was approximately RMB 2.30 billion, showing a slight increase of 2.74% compared to RMB 2.24 billion in 2019[15]. - Basic earnings per share for 2020 was CNY 0.37, an increase of 5.71% compared to CNY 0.35 in 2019[16]. - Diluted earnings per share for 2020 was also CNY 0.37, reflecting the same growth of 5.71% from 2019[16]. - The weighted average return on equity increased by 0.39 percentage points to 11.57% in 2020 from 11.18% in 2019[17]. - The company achieved a total operating revenue of 6.35 billion RMB, an increase of 12.61% year-on-year[34]. - The net profit reached 1.77 billion RMB, reflecting a year-on-year growth of 6.66%[34]. - The total revenue from the Chongqing region was ¥5,251,222,540.85, reflecting an 11.91% increase year-on-year, with a gross margin of 43.13%[37]. Assets and Liabilities - As of the end of 2020, the net assets attributable to shareholders were approximately RMB 15.52 billion, a 0.76% increase from RMB 15.41 billion at the end of 2019[15]. - The total assets of the company at the end of 2020 were approximately RMB 24.53 billion, marking an 11.39% increase from RMB 22.03 billion at the end of 2019[15]. - The company's total liabilities at the end of the reporting period were 24,000,000,000.00 RMB, with a significant increase in accounts payable by 42.64%[48]. - The company's total liabilities to total assets ratio increased to approximately 36.4% in 2020 from 29.9% in 2019, indicating a higher leverage position[183]. - The company's equity attributable to shareholders rose to ¥15,522,660,334.47 in 2020, compared to ¥15,405,899,381.54 in 2019, showing a slight increase of about 0.76%[183]. Cash Flow - The net cash flow from operating activities for 2020 was CNY 2,368,070,574.26, an increase of 99.0% compared to CNY 1,190,006,393.24 in 2019[196]. - The total cash inflow from financing activities was CNY 2,048,517,042.09, significantly higher than CNY 523,462,456.66 in 2019[196]. - The cash and cash equivalents at the end of the year stood at CNY 2.77 billion, an increase from CNY 2.21 billion at the beginning of the year, indicating improved liquidity[194]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.55 per 10 shares, totaling RMB 1.22 billion to all shareholders for the 2020 fiscal year[4]. - In 2020, the company distributed a cash dividend of 1,224,000,000.00 RMB, which accounted for 69.01% of the net profit attributable to ordinary shareholders[71]. - The cash dividend per 10 shares in 2020 was 2.55 RMB, slightly down from 2.57 RMB in 2019[71]. Market and Operational Expansion - The company has expanded its sewage treatment projects in various regions, including Sichuan and Hubei provinces, enhancing its market presence[25]. - The company aims to enhance its market presence in provinces such as Sichuan, Yunnan, and Henan, targeting national expansion in the water and environmental protection sectors[27]. - The company successfully expanded its market by winning several PPP projects, including the Kunming Wuhua Water Environment Comprehensive Governance project[30]. - The company is committed to digital transformation and smart water management, leveraging big data and cloud computing technologies[29]. Environmental and Social Responsibility - The company reduced COD emissions by nearly 260,000 tons and ammonia nitrogen emissions by 25,000 tons during the year[32]. - The company made cash donations totaling 630,000 RMB to local charities as part of its social responsibility initiatives[32]. - The company provided a water price discount of 25.88 million RMB and waived late fees exceeding 1.25 million RMB to support small and medium-sized enterprises during the pandemic[108]. Risks and Compliance - The company has detailed potential risks in its report, particularly in the section discussing future development[6]. - The company is committed to complying with environmental regulations to mitigate risks associated with increased operational costs due to stricter enforcement[68]. - The company faces risks related to raw material supply, particularly due to uneven rainfall in Chongqing, which may increase water extraction and purification costs[67]. Governance and Management - The company has a clear policy for avoiding conflicts of interest and ensuring fair pricing in related transactions[150]. - The company has maintained a consistent shareholding structure with no changes in the number of shares held by executives throughout the year[133]. - The company has experienced changes in its board, with Wang Shian resigning as chairman and director on December 30, 2020, due to work adjustments[144].

Financial Performance - The company's operating revenue for 2021 was CNY 7,252,254,088.48, representing a 14.22% increase compared to CNY 6,349,599,844.62 in 2020[17]. - Net profit attributable to shareholders was CNY 2,077,554,122.67, up 17.13% from CNY 1,773,730,161.83 in the previous year[17]. - The net cash flow from operating activities increased by 18.83% to CNY 2,734,704,901.94 from CNY 2,301,313,982.25 in 2020[17]. - The total assets at the end of 2021 reached CNY 29,244,789,287.61, a 19.20% increase from CNY 24,534,292,342.35 in 2020[17]. - Basic earnings per share rose to CNY 0.43, reflecting a 16.22% increase from CNY 0.37 in 2020[18]. - The weighted average return on equity increased to 13.15%, up 1.58 percentage points from 11.57% in 2020[18]. - The company reported a government subsidy of CNY 275,351,900.00 related to wastewater treatment tax fees, which is closely related to its business operations[23]. - In 2021, the company achieved a total revenue of 7.252 billion yuan, an increase of 14.22% year-on-year, and a net profit of 2.078 billion yuan, up 17.13% year-on-year[26]. Market Position and Expansion - The company holds approximately 54% of the tap water market and about 83% of the sewage treatment market in the main urban area of Chongqing[29]. - The company and its joint ventures collectively occupy around 86% of the tap water market and about 92% of the sewage treatment market in Chongqing, demonstrating a significant regional competitive advantage[29]. - The company aims to expand its water service operations into provinces such as Sichuan, Yunnan, Hubei, and Henan, targeting a strategic goal of becoming a leading comprehensive water service provider in China[29]. - The company successfully expanded its market by acquiring 19 sewage treatment plants and winning several PPP projects, enhancing its competitive edge in the local market[26]. - The company processed 1.486 billion cubic meters of wastewater, representing a year-on-year growth of 18.88%, and sold 621 million cubic meters of tap water, a 9.00% increase[26]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[3]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with key personnel affirming its integrity[2]. - The company has maintained strict compliance with information disclosure regulations, ensuring no false records or significant omissions occurred during the reporting period[84]. - The company has established a system to manage insider information, ensuring confidentiality and fairness in information disclosure[84]. - The company has actively improved its corporate governance structure in accordance with relevant laws and regulations, enhancing operational transparency and shareholder rights[84]. Environmental Responsibility - The company reduced COD emissions by approximately 317,100 tons and ammonia nitrogen by about 30,800 tons, demonstrating its commitment to environmental responsibility[27]. - The company’s wastewater treatment plants generated 14 million kilowatt-hours of electricity annually, equivalent to saving about 1,721 tons of standard coal and reducing carbon emissions by approximately 10,000 tons[133]. - The company has implemented advanced energy-saving technologies and processes to reduce carbon emissions in its operations[133]. - The company has successfully upgraded its wastewater treatment standards from Class B to Class A, enhancing water quality in key river basins[135]. - The company has established a three-tier water quality monitoring system to ensure continuous compliance with water quality standards[132]. Financial Management and Investments - The company issued 1 billion yuan in bonds and increased bank borrowings, resulting in a debt-to-asset ratio of 43.57%, up 7.12 percentage points from the previous year[26]. - The company has provided guarantees totaling 1,282.11 million RMB to external parties, excluding subsidiaries, during the reporting period[169]. - The company has a total guarantee amount of 14,139.78 million RMB for its subsidiaries during the reporting period[169]. - The company has entrusted its own funds amounting to 1,000,000,000.00 RMB in bank wealth management products, with an unexpired balance of 500,000,000.00 RMB[172]. - The company has signed an investment agreement for a PPP project in Anning City with a total investment of RMB 70,954.99 million, with a construction period of 3 years and an operation period of 12 years[175]. Research and Development - The company launched 39 new research and innovation projects and completed 16 research topics, focusing on technological advancements and digital transformation[27]. - The total R&D expenditure was 565.58 million RMB, representing 0.08% of total revenue, with 43.97% of R&D costs capitalized[48]. - The company is focusing on digital transformation and technology innovation, implementing a "smart water" initiative using big data and cloud computing[32]. - The company is investing in new technology development, allocating 100 million yuan towards R&D initiatives[89]. Social Responsibility - The company actively participated in social responsibility initiatives, including disaster relief efforts and rural revitalization projects, contributing 500,000 yuan in aid[27]. - The company donated RMB 500,000 to support rural revitalization efforts in Chongqing and provided 28 tons of drinking water for disaster relief in Henan[136]. Future Outlook - For 2022, the company targets a revenue of 7.35 billion RMB and a net profit of 1.937 billion RMB, while ensuring stable operation of water supply and drainage production[76]. - The company aims to achieve an asset scale of 50 billion RMB and revenue exceeding 10 billion RMB by the end of 2025, with a total water supply and drainage capacity of over 9.3 million m³/day and daily sludge treatment capacity of 4,680 tons[75]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[89].

Financial Performance - The company's operating revenue for 2022 was approximately RMB 7.78 billion, representing a 7.26% increase from RMB 7.25 billion in 2021[16]. - The net profit attributable to shareholders for 2022 was approximately RMB 1.91 billion, a decrease of 8.11% compared to RMB 2.08 billion in 2021[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 1.75 billion, remaining stable compared to RMB 1.75 billion in 2021[16]. - The net cash flow from operating activities for 2022 was approximately RMB 2.69 billion, a decrease of 1.46% from RMB 2.73 billion in 2021[16]. - Basic earnings per share for 2022 was CNY 0.40, a decrease of 6.98% compared to CNY 0.43 in 2021[17]. - The total amount of non-recurring gains and losses for 2022 was CNY 158.36 million, compared to CNY 326.81 million in 2021[21]. - The company reported a net profit margin of 12% for 2022, an increase from 10% in the previous year[81]. - The company achieved a total operating revenue of RMB 7,778,871,869.01, representing a 7.26% increase compared to RMB 7,252,254,088.48 in the previous year[33]. Assets and Liabilities - As of the end of 2022, the net assets attributable to shareholders were approximately RMB 17.07 billion, an increase of 3.89% from RMB 16.43 billion at the end of 2021[16]. - The total assets as of the end of 2022 were approximately RMB 31.96 billion, reflecting a 9.28% increase from RMB 29.24 billion at the end of 2021[16]. - The company's long-term borrowings increased by 64.57%, from ¥1,983,514,520.52 to ¥3,264,327,598.10[51]. - Total liabilities reached ¥14.79 billion, up from ¥12.74 billion, which is an increase of 16.06%[193]. - The debt-to-asset ratio increased by 6.20% from 43.57% in 2021 to 46.27% in 2022[182]. Operational Highlights - The company processed a total of 1.479 billion cubic meters of wastewater, a decrease of 0.45% year-on-year, while tap water sales reached 643 million cubic meters, an increase of 3.62% year-on-year[25]. - The company expanded its daily water supply capacity to 3.2215 million cubic meters, with an increase of 196,000 cubic meters, and its daily wastewater treatment capacity reached 4.60595 million cubic meters, with an increase of 357,400 cubic meters[25]. - The company launched 76 technology projects and completed 174 innovation projects, obtaining 219 patents during the year[26]. - The company reported a COD reduction of nearly 313,600 tons and an ammonia nitrogen reduction of approximately 32,800 tons in its wastewater treatment operations[26]. - The company processed a total of 1.451 billion cubic meters of wastewater during the year, achieving a reduction of approximately 313,600 tons of COD and 32,800 tons of NH3-N[118]. Market Position and Strategy - The company holds approximately 55% of the drinking water market and about 86% of the sewage treatment market in Chongqing, with joint ventures covering around 90% and 95% respectively[27]. - The company is expanding its market presence into provinces such as Sichuan, Yunnan, Hubei, and Henan, aiming to become a leading comprehensive water service provider in China[27]. - The company is focusing on technological advancements and smart water management to improve efficiency and reduce leakage rates in the water supply sector[27]. - The company is actively pursuing mergers and acquisitions to expand its service capabilities and market reach within the water management sector[27]. - The company aims to achieve an asset scale of 50 billion yuan and revenue exceeding 10 billion yuan by the end of 2025, with a total water supply and drainage capacity of over 9.3 million m³/day and daily sludge treatment capacity of 4,680 tons[68]. Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm for the fiscal year[2]. - The company maintained strict compliance with information disclosure regulations, ensuring no false records or significant omissions occurred during the reporting period[73]. - The board of directors consists of 7 members, including 3 independent directors, and all directors fulfilled their duties diligently without any absences[73]. - The company has established a clear decision-making process for related transactions to protect shareholder interests[73]. - The company has not reported any significant changes in related party transactions or competition that would impact its operations[75]. Future Outlook - For 2023, the company targets a revenue of 8 billion yuan and a net profit of 1.815 billion yuan[69]. - The company plans to maintain a water supply leakage rate below 8.5% and ensure 100% compliance with water quality standards[69]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[80]. - The company plans to increase investment in research and development to drive innovation and improve product offerings[79]. - The company is considering strategic acquisitions to enhance its service offerings, with a target of acquiring two companies by the end of the year[80]. Social Responsibility - The company actively participated in social responsibility initiatives, donating 500,000 yuan for the construction of a water plant in Shizhu Qiaotou Town and supporting consumption poverty alleviation with 430,000 yuan[26]. - The company has committed to avoiding competition with Chongqing Water Affairs and ensuring that any business opportunities that may compete will be notified and transferred to Chongqing Water Affairs[127]. - The company is committed to rural revitalization efforts, as discussed in the board meeting on November 10, 2022[89].

| 债券代码：163228 | 债券简称：20 | 渝水 | | | | --- | --- | --- | --- | --- | | 债券代码：188048 | 债券简称：21 | 渝水 | | | | | | | 公告编号：临 | | | | 01 01 | | | | | 证券代码：601158 | 证券简称：重庆水务 | | | 2023-023 | 重庆水务集团股份有限公司 关于召开 2023 年第一季度业绩说明会的公告 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： 会议召开时间：2023 年 5 月 22 日（星期一）15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 5 月 15 日（星期一）至 5 月 19 日（星期五） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公 司邮箱：swjtdsb@cqswjt.com 进行提问 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,662,163,856.45, representing a year-on-year increase of 2.76%[4] - The net profit attributable to shareholders for Q1 2023 was ¥286,480,786.64, showing a decrease of 25.87% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥251,958,712.60, down 28.81% year-on-year[5] - The basic earnings per share for Q1 2023 was ¥0.06, a decrease of 25.00% year-on-year[5] - The diluted earnings per share for Q1 2023 was also ¥0.06, down 25.00% compared to the previous year[5] - The total profit of ¥343,585,144.83 for Q1 2023, down from ¥458,533,346.12 in Q1 2022, marking a decline of 25.0%[18] - Net profit for Q1 2023 was ¥288,343,375.98, a decrease of 25.5% from ¥387,231,057.70 in Q1 2022[18] - Earnings per share for Q1 2023 was ¥0.06, down from ¥0.08 in Q1 2022[19] Cash Flow - The net cash flow from operating activities increased by 37.86% to ¥595,674,960.72, attributed to a pre-collection of sewage treatment settlement funds of ¥100 million[8] - Cash flow from operating activities for Q1 2023 was ¥595,674,960.72, an increase of 37.9% compared to ¥432,088,280.68 in Q1 2022[20] - Net cash flow from investing activities was -$302.83 million, compared to -$175.13 million in the previous period[21] - Total cash inflow from financing activities reached $984.84 million, up from $587.02 million year-over-year[21] - Net cash flow from financing activities was $522.28 million, significantly higher than $145.47 million in the same quarter last year[21] - Cash inflow from borrowing was $981.54 million, compared to $579.38 million in the previous year[21] - The net increase in cash and cash equivalents for the quarter was $815.13 million, compared to $402.42 million in the same quarter last year[21] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥32,896,239,824.59, a 2.94% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of Q1 2023 was ¥17,378,569,265.08, reflecting a 1.79% increase from the end of the previous year[5] - The company's total current assets increased to CNY 7.066 billion, up from CNY 6.052 billion in the previous period, reflecting a growth of approximately 16.7%[13] - The company's total liabilities rose to CNY 15.416 billion, compared to CNY 14.788 billion in the previous period, indicating an increase of about 4.2%[15] - The company's non-current assets totaled CNY 25.83 billion, slightly down from CNY 25.91 billion in the previous period, a decrease of about 0.3%[14] - Cash and cash equivalents at the end of the period totaled $3.62 billion, an increase from $3.03 billion at the end of the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,891[9] Acquisitions and Investments - The company completed the acquisition of seven wastewater treatment plants for a total price of CNY 3.947 billion, securing a 30-year concession for wastewater treatment services[11] - As of the reporting period, the company has received assets worth CNY 2.06 billion and paid CNY 1.359 billion for the acquisition, with operational handover completed for several plants[11] - The company transferred 90% equity and related debt of a subsidiary for CNY 140 million, with the transaction guarantee deposit of CNY 30 million already paid[12] Research and Development - Research and development expenses for Q1 2023 were ¥1,245,706.73, significantly higher than ¥393,977.31 in Q1 2022, indicating a focus on innovation[17] Other Comprehensive Income - Other comprehensive income after tax for Q1 2023 was ¥17,557,627.63, compared to ¥12,595,626.33 in Q1 2022, reflecting a year-over-year increase of 39.3%[18]

Financial Performance - The company's operating revenue for 2022 was CNY 7,778,871,869.01, representing a 7.26% increase compared to CNY 7,252,254,088.48 in 2021[16]. - Net profit attributable to shareholders of the listed company decreased by 8.11% to CNY 1,909,085,670.79 from CNY 2,077,554,122.67 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 1,750,726,434.13, remaining stable compared to CNY 1,750,747,301.19 in 2021[16]. - Basic earnings per share for 2022 was CNY 0.40, a decrease of 6.98% compared to CNY 0.43 in 2021[17]. - The company reported a decrease in diluted earnings per share to CNY 0.40 in 2022, consistent with basic earnings per share[17]. - The company achieved a net profit margin of 12% for 2022, an increase from 10% in 2021, reflecting improved operational efficiency[80]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2022, representing a year-over-year increase of 10%[81]. Cash Flow and Assets - The net cash flow from operating activities was CNY 2,694,876,520.43, a decrease of 1.46% from CNY 2,734,704,901.94 in the previous year[16]. - Total assets increased by 9.28% to CNY 31,957,520,340.33 from CNY 29,244,789,287.61 in the previous year[16]. - As of the end of 2022, the net assets attributable to shareholders of the listed company were CNY 17,073,036,315.99, an increase of 3.89% from CNY 16,434,352,469.36 at the end of 2021[16]. - The company’s total assets reached CNY 31.96 billion, reflecting a growth of approximately 9.3%[195]. - Cash and cash equivalents increased to CNY 2.82 billion from CNY 2.66 billion, reflecting a growth of about 5.3% year-over-year[193]. Market Position and Operations - The company holds approximately 55% of the drinking water market and about 86% of the sewage treatment market in Chongqing, with a combined market share of around 90% for drinking water and 95% for sewage treatment in the main urban area[27]. - The company operates 25 water treatment plants with a designed production capacity of 3.2215 million cubic meters per day and 122 sewage treatment plants with a designed treatment capacity of 4.606 million cubic meters per day[30]. - The company processed a total of 1.479 billion cubic meters of wastewater, a decrease of 0.45% year-on-year, while tap water sales volume reached 643 million cubic meters, an increase of 3.62% year-on-year[25]. - The company’s daily water supply capacity totaled 3.2215 million cubic meters, with an increase of 196,000 cubic meters, and daily wastewater treatment capacity reached 4.60595 million cubic meters, with an increase of 357,400 cubic meters[25]. Investments and Acquisitions - Total assets increased significantly due to the acquisition of seven water purification plants for CNY 3.947 billion, with CNY 2.077 billion recognized as assets[17]. - The company successfully acquired assets of seven water quality purification plants in the Kunming Dianchi Basin for 3.947 billion yuan, adding 465,000 m³/day of wastewater treatment capacity[25]. - The company participated in two capital increases for its associate, Zhongzhou Water Holdings, totaling CNY 159.9793 million, maintaining a 20% equity stake[158]. Research and Development - The company launched 76 technology projects and completed 174 innovation projects, obtaining 219 patents in 2022[26]. - The total R&D investment amounted to 453.37 million yuan, accounting for 0.06% of operating revenue, with 31.38% of the R&D investment being capitalized[46]. - Research and development efforts have increased by 25%, with a budget allocation of 100 million for new technologies in water treatment[80]. Governance and Compliance - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[73]. - The board of directors consists of 7 members, including 3 independent directors, all of whom fulfilled their duties diligently without any absences[73]. - The company has adhered to strict information disclosure practices, with no instances of false records or significant omissions reported[73]. - The company has established a comprehensive internal control system with 170 categorized regulations, enhancing management and risk prevention measures[107]. Future Outlook and Risks - The company aims to achieve an asset scale of 50 billion yuan and revenue exceeding 10 billion yuan by the end of 2025, with a total water supply and drainage capacity of over 9.3 million m³/day and daily sludge treatment capacity of 4,680 tons[68]. - For 2023, the company targets a revenue of 8 billion yuan and a net profit of 1.815 billion yuan[69]. - The company faces risks related to the supply of raw materials, particularly due to uneven rainfall in Chongqing, which can increase water extraction and purification costs[70]. - The company is at risk of not being able to adjust water prices in a timely manner, which could affect profitability amid rising supply costs[70]. Social Responsibility and Environmental Impact - The company actively supported rural revitalization, donating 500,000 yuan for the construction of a water plant in Shizhu Qiaotou Town[26]. - The company achieved a COD reduction of nearly 313,600 tons and an ammonia nitrogen reduction of approximately 32,800 tons in 2022[26]. - The company has adopted measures to reduce carbon emissions, including the utilization of reclaimed water and tailwater power generation[119].

| 债券代码：188048 | 渝水 | | 债券简称：21 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | 01 01 | | | | | | | | | 公告编号：临 | | | | | | | | | 2023-017 | | 证券代码：601158 | 渝水 | 债券代码：163228 | 证券简称：重庆水务 债券简称：20 | | | | 重庆水务集团股份有限公司 关于召开 2022 年度业绩说明会的公告 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。 会议召开时间：2023 年 4 月 11 日（星期二）15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 3 日（星期一）至 4 月 10 日（星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱：swj ...

Group 1: Company Information - Securities Code: 601158, Securities Abbreviation: Chongqing Water [1] - Bond Code: 163228, Bond Abbreviation: 20 Yu Shui 01 [1] - Bond Code: 188048, Bond Abbreviation: 21 Yu Shui 01 [1] Group 2: Investor Relations Event - Chongqing Water Group will participate in the "Chongqing District 2022 Investor Online Collective Reception Day" [2] - The event is scheduled for December 23, 2022, from 15:00 to 17:00 [2] - Investors can participate via the Shanghai Stock Exchange Roadshow Center website [2] Group 3: Commitment to Transparency - The company and its board guarantee that the announcement content is free from false records, misleading statements, or significant omissions [2] - The company assumes individual and joint responsibility for the accuracy and completeness of the content [2]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,984,233,524.59, a decrease of 7.04% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥749,100,057.37, down 20.27% year-on-year[4]. - The basic earnings per share for Q3 2022 was ¥0.16, reflecting a decrease of 20.00% compared to the same period last year[5]. - The weighted average return on equity for Q3 2022 was 4.55%, a decrease of 1.33 percentage points year-on-year[5]. - Net profit for Q3 2022 was ¥1,686,886,973.68, a decrease from ¥1,995,347,555.88 in Q3 2021, reflecting a decline of approximately 15.5%[19]. - The total comprehensive income for Q3 2022 was approximately CNY 1.64 billion, a decrease from CNY 1.84 billion in Q3 2021, representing a decline of about 10.8%[20]. - Basic and diluted earnings per share for Q3 2022 were CNY 0.35, down from CNY 0.42 in Q3 2021, reflecting a decrease of 16.7%[20]. - The total profit for Q3 2022 was ¥2,030,002,880.83, down from ¥2,379,077,543.46 in Q3 2021, reflecting a decrease of about 14.6%[19]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥29,760,436,454.77, an increase of 1.76% from the end of the previous year[5]. - The company's total assets reached ¥29,760,436,454.77, compared to ¥29,244,789,287.61 in the previous period, indicating a growth of approximately 1.8%[17]. - The company's current assets reached RMB 6,437,699,352.65, compared to RMB 6,047,405,536.95 at the end of 2021, reflecting an increase of approximately 6.43%[15]. - The company's total liabilities amounted to ¥12,830,043,137.23, slightly up from ¥12,741,061,706.14 in the previous period[17]. - Non-current liabilities increased to ¥7,248,259,395.67 from ¥6,541,310,255.16, marking a rise of about 10.8%[17]. - The total equity attributable to shareholders reached ¥16,841,564,093.51, compared to ¥16,434,352,469.36 in the previous year, showing an increase of approximately 2.5%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,044,372,645.33, an increase of 6.89% compared to the same period last year[5]. - Net cash flow from operating activities for the first three quarters of 2022 was CNY 2.04 billion, an increase of 6.9% compared to CNY 1.91 billion in the same period of 2021[21]. - Cash inflow from operating activities totaled CNY 6.33 billion, compared to CNY 6.17 billion in the previous year, indicating a growth of 2.5%[21]. - Cash outflow from operating activities was CNY 4.28 billion, slightly higher than CNY 4.26 billion in the same period last year, resulting in a net cash flow from operating activities of CNY 2.04 billion[21]. - The net cash flow from investing activities was negative CNY 896.79 million, an improvement from negative CNY 2.03 billion in the same period of 2021[22]. - Cash inflow from financing activities was CNY 1.41 billion, down from CNY 2.59 billion in Q3 2021, a decrease of approximately 45.5%[22]. - The company reported a net increase in cash and cash equivalents of CNY 471.38 million, compared to CNY 588.50 million in the previous year[22]. - The ending balance of cash and cash equivalents was CNY 3.10 billion, down from CNY 3.36 billion at the end of Q3 2021[22]. Operational Highlights - The company experienced a decrease in sewage treatment volume due to high temperatures and drought conditions, impacting revenue[6]. - The company received a total of ¥248,493,973.74 in government subsidies related to sewage treatment services, which are closely tied to its business operations[9]. - The company plans to invest RMB 34,326,800 in the capital increase of Zhongzhou Water Holdings to maintain a 20% stake[12]. - The company completed the optimization of equity in its sludge treatment business, transferring 100% equity of several subsidiaries to enhance operational efficiency[12]. - The company has paid RMB 91,392,450 for the capital of the Anning Comprehensive Water Conservancy Project, which is currently under construction[12]. - The pricing for wastewater treatment services at three plants has been set at RMB 5.66, RMB 3.49, and RMB 3.58 per cubic meter, effective from January 1, 2021, to December 31, 2023[12]. Research and Development - Research and development expenses for the first three quarters were ¥1,785,098.14, up from ¥1,455,020.59 in the same period last year, indicating an increase of about 22.6%[18]. Accounting and Standards - The company did not apply new accounting standards or interpretations that would affect the financial statements for the year[23].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 3.45 billion, an increase of 8.61% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was approximately CNY 935.68 million, a decrease of 11.27% year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 845.86 million, an increase of 9.35% compared to the previous year[17]. - The net cash flow from operating activities was approximately CNY 985.04 million, up 18.20% from the same period last year[17]. - The total assets at the end of the reporting period were approximately CNY 28.83 billion, a decrease of 1.41% compared to the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were approximately CNY 16.11 billion, down 1.99% from the previous year[17]. - Basic earnings per share for the first half of 2022 were CNY 0.19, a decrease of 13.64% year-on-year[18]. - The weighted average return on net assets was 5.68%, a decrease of 1.04 percentage points compared to the same period last year[18]. - The company achieved operating revenue of CNY 3.45 billion, an increase of 8.61% year-on-year[33]. - Net profit attributable to shareholders was CNY 936 million, a decrease of 11.27% year-on-year, primarily due to the absence of asset transfer impacts from the previous year[33]. Market Position and Operations - The company holds approximately 54% of the tap water market and about 83% of the sewage treatment market in Chongqing's main urban area as of the end of 2021[24]. - The company is positioned to benefit from the increasing emphasis on ecological civilization and environmental protection policies in the water industry[23]. - The company is expanding its market presence in urban and rural integrated water supply and wastewater resource utilization[23]. - The company plans to expand its market presence beyond Chongqing to provinces such as Sichuan, Yunnan, Hubei, and Henan, aiming to become a leading comprehensive water service provider in China[24]. - The company is focusing on the growth of the domestic recycled water operation market, which is expected to experience rapid development[24]. Revenue Streams - Water supply revenue reached 82,929.53 million RMB, a year-on-year increase of 2.73%, while sewage treatment revenue was 206,725.80 million RMB, up 12.62% year-on-year[24]. - The average water price for residential use is 2.5410 RMB/m³, while for non-residential use it is 3.2606 RMB/m³[26]. - The wastewater treatment service price in Chongqing is set at 2.98 CNY/m³, with adjustments made every three years by the Chongqing Municipal Finance Bureau[28]. Investments and Acquisitions - The company established a joint venture with Changjiang Environmental Group with a registered capital of ¥1 billion, holding a 60% stake[38]. - The company invested ¥89 million in its subsidiary Anning City Yuning Water Co., Ltd. during the reporting period[38]. - The company completed the asset transfer for the acquisition of water supply projects, with a total payment of 536 million yuan made as per the agreement[70]. - The company acquired assets from Chongqing Nancheng Water Co., Ltd. for CNY 85.0147 million, including a water plant with a designed capacity of 50,000 m³/day[77]. Environmental and Regulatory Compliance - The company is committed to complying with environmental laws and regulations, enhancing operational management, and improving emergency response capabilities to mitigate environmental risks[43]. - The company has established a comprehensive water quality monitoring system with over 300 detection capabilities, ensuring the safety and quality of water supply and sewage discharge[52]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[55]. - The company is actively participating in projects related to the Yangtze River protection and integrated urban-rural water supply, aiming to expand its business scope and enhance capacity[43]. Financial Stability and Risks - The company maintained a debt-to-asset ratio of 43.83%, an increase of 0.26 percentage points from the end of the previous year[33]. - The company faces risks related to raw material supply, water price adjustments, and compliance with water quality standards, which may impact operational costs and profitability[42]. - The company is required to cover reasonable costs including taxes and fees in its wastewater treatment pricing[30]. - The company has implemented measures to strengthen risk control and management to avoid potential tax risks related to VAT policies[43]. Corporate Governance and Shareholding - The largest shareholder, Chongqing Derun Environment Co., Ltd., holds 50.04% of the shares, totaling 2,401,800,000 shares[81]. - Chongqing Water Environment Holdings Group Co., Ltd. is the second-largest shareholder with 38.52%, holding 1,849,160,689 shares[81]. - The company has committed to avoiding competition with its controlling shareholder, ensuring no direct or indirect engagement in competing businesses[60]. - The company has pledged to maintain an independent procurement, production, and sales system to protect its operational integrity[61]. Research and Development - The company’s R&D expenses were CNY 808,458, a decrease of 11.40% year-on-year[34]. - The company is focusing on digital transformation and technology innovation, including the development of "smart water services" using big data and cloud computing[32]. - The integration of new technologies such as IoT, big data, and cloud computing is driving the development of smart water services[24]. Accounting and Financial Reporting - The company adheres to the Chinese accounting standards, ensuring accurate financial reporting[136]. - The company’s financial statements are prepared based on the going concern principle, ensuring operational continuity for at least 12 months[134]. - The company does not have any changes in significant accounting policies or estimates during the reporting period[196].