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].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,617,545,850.64, representing a year-on-year increase of 10.85%[4] - The net profit attributable to shareholders for Q1 2022 was CNY 386,447,223.24, showing a decrease of 32.03% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 353,933,290.18, which increased by 5.91% year-on-year[4] - Basic earnings per share for Q1 2022 were CNY 0.08, down 33.33% year-on-year[5] - The diluted earnings per share were also CNY 0.08, representing a decrease of 33.33% compared to the same period last year[5] - Total operating revenue for Q1 2022 was ¥1,617,545,850.64, an increase of 10.87% compared to ¥1,459,166,739.08 in Q1 2021[19] - Net profit for Q1 2022 was ¥387,231,057.70, a decrease of 32.03% from ¥568,960,595.13 in Q1 2021[20] - Basic earnings per share for Q1 2022 was ¥0.08, down from ¥0.12 in Q1 2021[21] - Total comprehensive income for Q1 2022 was ¥399,826,684.03, down from ¥539,271,557.98 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 432,088,280.68, reflecting an increase of 8.56% compared to the previous year[4] - The net cash flow from operating activities was $432,088,280.68, an increase of 8.5% compared to $398,015,702.87 in the previous period[23] - Cash inflow from operating activities in Q1 2022 was ¥1,916,065,794.98, compared to ¥1,865,179,718.19 in Q1 2021, reflecting a growth of 2.74%[22] - The company reported cash and cash equivalents of RMB 3,063.698 million, up from RMB 2,664.260 million at the end of 2021, indicating improved liquidity[15] - The ending balance of cash and cash equivalents was $3,034,624,785.98, compared to $2,977,840,548.19 at the end of the previous period[24] - Cash inflow from investment activities was $507,583,805.32, a substantial increase from $204,306,880.62[23] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $556,545,366.84, down from $1,357,711,143.02[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,353,334,651.60, an increase of 0.37% from the end of the previous year[5] - As of March 31, 2022, the company's total current assets amounted to RMB 6,002.585 million, a slight decrease from RMB 6,047.406 million at the end of 2021[16] - The company's total non-current assets increased to RMB 23,350.749 million from RMB 23,197.384 million at the end of 2021[16] - Total liabilities decreased to RMB 12,442.138 million from RMB 12,741.062 million at the end of 2021, indicating improved financial stability[17] - The company's total equity increased to RMB 16,911.196 million from RMB 16,503.728 million at the end of 2021, reflecting growth in shareholder value[17] Investments and Acquisitions - The company increased its investment in Zhongzhou Water Holdings by contributing RMB 125.6526 million to maintain a 20% equity stake after the registered capital was raised from RMB 1 billion to RMB 1.5 billion[13] - The company acquired assets from Chongqing Nancheng Water Co., Ltd. for RMB 85.0147 million, expanding its water supply services in several districts with a designed capacity of 50,000 cubic meters per day[14] - The company established a drainage network company with Yangtze Ecological Environmental Group, investing RMB 1 billion, holding a 60% stake, and has contributed RMB 6 million as of the reporting date[14] Operational Efficiency - Accounts receivable decreased significantly to RMB 326.048 million from RMB 1,197.158 million, suggesting improved collection efficiency[15] - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency[23] - Research and development expenses for Q1 2022 were ¥393,977.31, an increase from ¥322,337.29 in Q1 2021[19] - Other income for Q1 2022 was ¥22,080,756.44, compared to ¥18,334,635.76 in Q1 2021, indicating a growth of 20.06%[19] - The company reported a decrease in investment income to ¥29,031,698.02 in Q1 2022 from ¥39,569,534.06 in Q1 2021[19] - The company’s tax expenses for Q1 2022 were ¥71,302,288.42, compared to ¥88,894,278.22 in Q1 2021, a decrease of 19.73%[20]

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]. - Basic earnings per share rose to CNY 0.43, 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 total assets at the end of 2021 were CNY 29,244,789,287.61, reflecting a 19.20% increase from CNY 24,534,292,342.35 in 2020[17]. - The company reported a quarterly revenue of CNY 2,134,490,026.21 in Q3 2021, the highest among the four quarters[20]. - 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]. - The company's total assets reached 29.245 billion yuan, a 19.20% increase from the previous year, while net assets (excluding minority interests) rose by 5.87% to 16.434 billion yuan[26]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 123.36 million, which is RMB 2.57 per 10 shares based on a total share capital of 4.8 billion shares as of December 31, 2021[4]. - The company has not proposed any bonus shares or capital reserve transfers in the profit distribution plan[4]. - The company has a cash dividend policy that mandates distributing no less than 60% of the distributable profits to shareholders[110]. Audit 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 financial report, with key personnel affirming its integrity[3]. - The company has maintained strict compliance with information disclosure regulations, ensuring no false records or significant omissions occurred during the reporting period[1]. - The internal control audit report issued by Tianzhi International Accounting Firm provided a standard unqualified opinion[114]. - The company has not reported any significant deficiencies in internal controls during the reporting period[113]. Environmental and Social 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 actively participated in social responsibility initiatives, including donating 28 tons of drinking water to flood-affected areas and supporting rural revitalization efforts with financial contributions[27]. - The company has established a comprehensive environmental self-monitoring plan, regularly monitoring wastewater, odor, and noise[121]. - The company has received no administrative penalties for environmental issues during the reporting period[123]. 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 aims to expand its water service operations to provinces such as Sichuan, Yunnan, Hubei, and Henan, targeting a comprehensive service provider status in the domestic water industry[29]. - The company is positioned to leverage the increasing market demand and regulatory support for environmental protection and sewage treatment services[30]. - The company is actively involved in multiple water investment projects across various cities, showcasing its market expansion strategy[90]. Research and Development - The company launched 39 new research and innovation projects and implemented 16 research topics, focusing on technological advancements and digital transformation[27]. - The company is focusing on digital transformation and technology innovation, implementing a "smart water" initiative using big data and cloud computing[32]. - The company reported a total R&D investment of ¥565.58 million, accounting for 0.08% of total revenue, with 43.97% of the R&D costs capitalized[47]. Governance and Management - The company’s board of directors consists of 7 members, including 3 independent directors, and all directors fulfilled their duties diligently without any absences[1]. - The supervisory board comprises 5 members, including 2 employee representatives, and has conducted regular meetings to oversee the company's operations and financial compliance[1]. - The company has established a performance evaluation mechanism for senior management, focusing on performance contributions and market benchmarks[112]. - The company has implemented a performance assessment system for determining annual remuneration based on operational performance and major shareholder opinions[93]. Financial Stability and Risk Management - The company’s asset-liability ratio was 43.57%, an increase of 7.12 percentage points from the previous year, primarily due to the issuance of 1 billion yuan in corporate bonds and increased bank loans[26]. - The company has maintained a focus on financial stability and risk management in its investment strategies[167]. - The company has provided guarantees totaling RMB 22,921.87 million, including those to subsidiaries, with RMB 14,139.78 million in guarantees to subsidiaries during the reporting period[162]. Legal and Regulatory Matters - The company has ongoing significant litigation related to a construction contract dispute, with a claim amounting to CNY 33,500,000[145]. - The arbitration process for the construction contract dispute has involved multiple hearings and evidence submissions, with the latest hearing occurring in October 2021[146]. - The company maintains a good integrity status, with no significant debts or court judgments outstanding during the reporting period[148]. Strategic Acquisitions and Investments - The company has established a joint venture, Chongqing Quality Water Supply Co., Ltd., with a total investment of 10,000,000 CNY, where the company holds a 49% stake[157]. - The company has invested RMB 10 billion to establish a drainage network company with Changjiang Ecological Environmental Group, holding 40% of the shares[169]. - The company has completed the acquisition of sewage treatment assets for RMB 10,376.06 million in Qianjiang District[168].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,134,490,026.21, representing a 16.04% increase compared to ¥1,839,410,738.81 in the same period last year[4] - Net profit attributable to shareholders was ¥939,574,451.35, a 32.92% increase from ¥714,085,929.52 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥923,084,249.14, reflecting a 34.81% increase compared to ¥691,919,269.54 in the previous year[4] - The basic earnings per share for the current period was ¥0.20, up 32.71% from ¥0.15 in the same period last year[4] - Net profit for the third quarter reached ¥1,995,347,555.88, a significant rise from ¥1,487,019,327.77, reflecting an increase of approximately 34.1%[23] - Operating profit was reported at ¥2,329,356,145.03, compared to ¥1,709,867,100.34, marking an increase of around 36.3%[23] - Total comprehensive income attributable to the parent company reached CNY 1,840,318,188.52, an increase from CNY 1,324,864,893.48 in the same period last year, representing a growth of approximately 39%[24] - Basic and diluted earnings per share increased to CNY 0.42 from CNY 0.31, reflecting a growth of 35.5% year-over-year[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥28,555,056,084.97, a 16.39% increase from ¥24,534,292,342.35 at the end of the previous year[5] - The company's total liabilities amounted to ¥5,601,508,202.25, up from ¥4,158,881,253.61, which is an increase of about 34.7%[20] - Long-term borrowings increased to ¥1,889,116,525.80 from ¥1,184,955,206.30, representing a growth of approximately 59.5%[20] - Current liabilities reached approximately ¥4.16 billion, with accounts payable at about ¥1.54 billion[30] - Total liabilities were approximately ¥8.94 billion, with non-current liabilities accounting for around ¥4.78 billion[31] - Shareholders' equity totaled approximately ¥15.59 billion, with equity attributable to the parent company at about ¥15.52 billion[31] Cash Flow - The company reported a net cash flow from operating activities of ¥1,912,649,254.44 for the year-to-date, a 9.09% increase from ¥1,754,683,621.89 in the previous year[4] - Cash inflow from operating activities totaled CNY 6,172,089,889.60, compared to CNY 5,353,544,619.77 in the previous year, marking an increase of about 15.3%[27] - Net cash generated from operating activities was CNY 1,912,649,254.44, up from CNY 1,753,322,041.13, indicating a growth of approximately 9%[27] - Cash and cash equivalents at the end of the period amounted to CNY 3,358,822,346.69, an increase from CNY 3,147,944,949.02 at the end of the previous year[28] - The net increase in cash from operating activities was CNY 588,497,582.10, down from CNY 938,504,063.05 in the previous year, indicating a decrease of about 37.2%[28] Investments and Projects - The company has invested ¥3,900,000 in a PPP project in Henan Province, holding a 39% stake in the project company[16] - The company has established a joint venture with a registered capital of ¥10,000,000, where it holds a 90% stake, to develop water supply and wastewater treatment projects[16] - The long-term equity investment increased to ¥2,152,465,664.93 as of September 30, 2021, from ¥1,675,859,166.11 at the end of 2020, reflecting a growth of approximately 28.5%[19] - The company has optimized the equity structure of its subsidiaries engaged in sludge treatment, transferring 100% of shares in certain subsidiaries to enhance operational efficiency[16] Government Support and Subsidies - Government subsidies related to normal business operations amounted to ¥52,500,542.03, contributing positively to the financial results[7] - The increase in net profit was attributed to higher water supply volumes and increased government subsidies for wastewater treatment taxes[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,769[12] - The largest shareholder, Chongqing Derun Environment Co., Ltd., holds 2,401,800,000 shares, accounting for 50.04% of the total shares[12] Research and Development - Research and development expenses were reported at ¥1,455,020.59, slightly down from ¥1,473,514.57, indicating a decrease of about 1.2%[23] Other Income and Expenses - Other income increased significantly to ¥345,354,373.37 from ¥163,784,422.84, representing a growth of approximately 111.1%[23] - The company reported a decrease in tax expenses to ¥383,729,987.58 from ¥265,404,659.57, which is a reduction of about 44.5%[23]