Financial Performance - The company's operating revenue for the first half of 2022 was CNY 524,532,491.80, representing a 1.00% increase compared to CNY 519,325,476.26 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 111,024,150.48, up 2.86% from CNY 107,935,336.13 year-on-year[20]. - The net cash flow from operating activities decreased by 36.92%, amounting to CNY 147,194,216.75, compared to CNY 233,357,407.13 in the previous year[20]. - Basic earnings per share for the first half of 2022 were CNY 0.1187, reflecting a 2.86% increase from CNY 0.1154 in the same period last year[21]. - The weighted average return on net assets was 3.31%, down from 3.45% in the previous year, a decrease of 0.14 percentage points[21]. - The company reported a non-recurring profit of 2,127,004.07, with significant contributions from government subsidies totaling 3,343,040.66[24]. - The company reported a loss of 1,231,811.81 from non-operating income, including donations and other expenses[24]. - The company reported a net profit of 11,102.42 million RMB, reflecting a growth of 2.86% year-on-year[45]. - Total operating costs amounted to CNY 379,780,943.78, up from CNY 371,368,786.93, reflecting a year-over-year increase of 2.2%[154]. - The company reported a financial income of CNY 38,760,330.30, significantly up from CNY 8,659,314.35 in the same period last year[155]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,593,343,689.61, a decrease of 2.15% from CNY 5,716,490,407.50 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 0.83% to CNY 3,323,220,365.19 from CNY 3,295,848,975.17 at the end of the previous year[20]. - The company's total liabilities decreased to ¥2,270,123,324.42 from ¥2,420,641,432.33, a reduction of 6.19%[148]. - The total equity attributable to shareholders increased to ¥3,323,220,365.19 from ¥3,295,848,975.17, a rise of 0.83%[148]. - The company's total equity increased to CNY 2,966,932,251.16, compared to CNY 2,853,102,030.10, reflecting a growth of 4.0%[152]. Cash Flow - Cash flow from operating activities decreased by 36.92% to 147,194,216.75 RMB due to reduced cash received from sales[50]. - Cash and cash equivalents decreased by 20.00% to ¥933.10 million from ¥1,166.37 million year-over-year, primarily due to dividend payments and investment expenditures[53]. - The company reported a net cash outflow from investing activities of CNY 277,111,495.68, compared to a smaller outflow of CNY 71,319,784.07 in the same period of 2021[162]. - The net increase in cash and cash equivalents for H1 2022 was -¥255,212,822.20, contrasting with an increase of ¥100,941,711.16 in H1 2021[165]. Operational Overview - The company operates three surface water plants with a total designed capacity of 110,000 tons per day, including capacities of 30,000, 60,000, and 20,000 tons per day[27]. - The wastewater treatment business has a combined processing capacity of 35,000 tons per day across two plants, focusing on industrial and domestic wastewater[30]. - The company utilizes a direct supply sales model for water, charging users directly for water services[28]. - The company is committed to enhancing its wastewater collection and treatment efficiency through smart drainage services and infrastructure improvements[31]. - The company is focusing on the upgrade of sewage treatment plants to meet higher industry standards, creating new development space in the wastewater treatment sector[33]. Innovation and Technology - The company has established a comprehensive quality management system, achieving certifications for ISO 9001, ISO 14001, and ISO 45001, ensuring high-quality service without safety incidents[37]. - The company has 11 research projects that have passed acceptance, with ongoing projects in intelligent water treatment and pipeline repair technologies[40]. - The company has developed a smart data collection module for its IoT control system, which has been applied in multiple projects, enhancing operational efficiency and reducing costs[41]. - The company has 20 utility model patents and 17 software copyrights, demonstrating its commitment to innovation and intellectual property protection[42]. - The company is leveraging smart water management technologies to improve competitiveness and operational efficiency in the water supply industry[38]. Environmental Responsibility - The company has implemented a comprehensive environmental monitoring system, including both manual and online monitoring, to ensure compliance with environmental standards[93][94]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[95]. - The company has been recognized for its environmental responsibility, receiving awards from E20 Environmental Platform and China Water Network[99]. - The company adheres to national carbon emission regulations and has implemented energy-saving measures across its operations[100]. - The company promotes low-carbon practices, including the use of geothermal heat pump systems and energy-efficient lighting[101]. Governance and Compliance - The company has elected new board members and supervisors during the recent shareholder meeting, indicating a shift in governance[81]. - The company received a warning letter from the China Securities Regulatory Commission for violations of information disclosure regulations, which has been recorded in the securities market integrity file[117]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period, maintaining a conservative financial approach[83]. - The company is actively working on improving its governance structure and management capabilities to adapt to future growth and operational challenges[76]. Market Position and Strategy - The company operates primarily in the municipal public utility sector, focusing on water supply and treatment, with a strong reliance on national industrial policies[73]. - The company has established a relatively monopolistic market in Jiangyin City, facing challenges in market expansion due to increasing competition in the water environment industry[75]. - The company aims to integrate water supply and sewage treatment services to enhance its market competitiveness and service quality[75]. - The company will closely monitor changes in national economic policies to mitigate potential policy risks and leverage available incentives[73].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 269,381,439.06, representing a year-on-year increase of 4.05%[4] - The net profit attributable to shareholders for the same period was CNY 57,373,181.66, reflecting a growth of 16.55% compared to the previous year[4] - The basic earnings per share (EPS) was CNY 0.0613, which is an increase of 16.54% year-on-year[4] - Operating profit for Q1 2022 was CNY 78,394,149.99, compared to CNY 67,255,424.34 in Q1 2021, marking an increase of 16.8%[16] - Net profit for Q1 2022 reached CNY 57,373,181.66, representing a 16.4% increase from CNY 49,224,568.54 in Q1 2021[18] - Earnings per share for Q1 2022 were CNY 0.0613, compared to CNY 0.0526 in Q1 2021, indicating a growth of 16.5%[18] Cash Flow - The net cash flow from operating activities amounted to CNY 65,125,917.57, showing a 5.34% increase from the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 65,125,917.57, slightly up from CNY 61,822,422.91 in Q1 2021[20] - The company’s cash inflow from operating activities totaled CNY 287,779,321.71, compared to CNY 255,218,013.06 in Q1 2021, reflecting an increase of 12.8%[20] - The net cash flow from investment activities was -$211.30 million, compared to -$140.89 million in the previous period, indicating a decline in investment performance[21] - Total cash and cash equivalents at the end of the period amounted to $824.28 million, down from $1.61 billion in the previous year[21] - The net decrease in cash and cash equivalents was -$148.49 million, compared to -$79.07 million in the same period last year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,657,934,324.38, a decrease of 1.02% from the end of the previous year[5] - The company's current assets totaled CNY 1,795,450,343.49, down from CNY 1,856,607,277.36 at the end of 2021, indicating a decrease of approximately 3.3%[12] - Total liabilities amounted to CNY 1,800,450,000.00, with current liabilities at CNY 1,000,000,000.00, indicating a stable financial position[13] - Total liabilities as of Q1 2022 were CNY 2,303,683,877.89, down from CNY 2,420,641,432.33 in the previous year[16] - The equity attributable to shareholders increased to CNY 3,354,250,446.49, marking a growth of 1.77% compared to the previous year[5] - Total equity attributable to shareholders was CNY 3,354,250,446.49, an increase from CNY 3,295,848,975.17 in Q1 2021[16] Investments and Expenses - The company reported a significant increase in trading financial assets, rising to CNY 309,293,272.97 from CNY 239,093,834.90, representing an increase of approximately 29.3%[12] - The company reported a decrease in research and development expenses to CNY 1,112,576.72 from CNY 1,849,204.82 in Q1 2021, a reduction of 39.8%[16] - The company's long-term equity investments were valued at CNY 212,647,437.22, slightly down from CNY 214,466,100.46[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,069[9] Non-Recurring Items - The company reported a non-recurring loss of CNY 1,227,988.32 due to public welfare donations[7] - Non-operating income included government subsidies related to normal business operations, totaling CNY 1,238,826.72[6] Other Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[11] - There were no significant mergers or acquisitions reported in the first quarter of 2022[11] - The company did not apply the new accounting standards starting from 2022, indicating a potential impact on financial reporting[21]

Financial Performance - In 2021, Jiangsu Jiangnan Water Co., Ltd. achieved a net profit attributable to shareholders of 137,119,688.13 CNY, with a retained profit of 1,290,717,943.64 CNY available for distribution to shareholders[5]. - The company reported a 10% statutory surplus reserve deduction of 13,711,968.81 CNY from the net profit for the year[5]. - The financial report received a standard unqualified audit opinion from the auditing firm[4]. - The company's operating revenue for 2021 was CNY 1,113,597,477.53, representing a 16.83% increase compared to CNY 953,142,149.51 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 276,400,580.88, up 13.29% from CNY 243,986,217.80 in 2020[21]. - The basic earnings per share for 2021 was CNY 0.30, reflecting a 15.38% increase from CNY 0.26 in 2020[22]. - The weighted average return on equity increased to 8.65% in 2021, up from 8.15% in 2020, marking an increase of 0.50 percentage points[22]. - The total assets at the end of 2021 were CNY 5,716,490,407.50, a 4.79% increase from CNY 5,454,989,201.47 at the end of 2020[21]. - The net cash flow from operating activities for 2021 was CNY 442,160,096.25, down 19.47% from CNY 549,042,858.16 in 2020[21]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 264,368,807.85, an increase of 14.24% compared to CNY 231,419,856.27 in 2020[21]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.09 CNY per share, amounting to approximately 84,168,926.28 CNY, based on a total share capital of 935,210,292 shares[5]. - The company has not proposed any capital reserve conversion or stock distribution for the year[5]. - A cash dividend of 0.09 CNY per share was proposed, amounting to an estimated total of 84,168,926.28 CNY, with the remaining undistributed profits carried forward to the next year[177]. - The company has implemented a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[179]. Operational Highlights - In 2021, the company's water supply volume reached 28,344.64 million cubic meters, an increase of 8.12% compared to 2020[32]. - The total water sales volume was 25,681.54 million cubic meters, reflecting a growth of 7.52% year-on-year[32]. - The average daily water supply was 776,600 cubic meters, with a production and sales discrepancy rate of 9.40%[32]. - The company completed 109.02% of its annual water supply plan and 111.66% of its annual water sales plan[32]. - The company achieved a 100% compliance rate for water quality standards during the reporting period[32]. - The company has a water treatment capacity of 35,000 tons per day through its subsidiaries, focusing on industrial wastewater and municipal sewage treatment[42]. - The company holds a 30% stake in Everbright Water (Jiangyin) Co., which operates three sewage treatment plants with a combined capacity of 220,000 tons per day[43]. Investments and Acquisitions - The company acquired 100% equity of Jiangyin Qingyuan Pipeline Engineering Co., Ltd. for RMB 32 million, enhancing its wastewater treatment capabilities[34]. - The company invested RMB 10 million to hold a 10% stake in Jiangyin Big Data Co., Ltd. to promote smart city development[34]. - The company’s registered capital for Qingyuan Pipeline Engineering Co., Ltd. increased from RMB 50 million to RMB 350 million after capital injection[34]. - The company confirmed investment income from joint ventures totaling RMB 1,507.21 million from Everbright Water (Jiangyin) Co., Ltd.[104]. - The company has ongoing major projects with a total investment of RMB 6,297.75 million, with varying completion percentages[87]. Research and Development - The company is actively engaged in R&D, with 9 research projects completed, including studies on water quality and treatment technologies[48]. - Research and development expenses surged by 180.63% to CNY 5,779,197.79, indicating a strong focus on innovation[54]. - The company holds 18 utility model patents and 14 software copyrights, enhancing its intellectual property portfolio[51]. - The company has 28 R&D personnel, making up 3.9% of the total workforce[75]. - Eight new utility model patents were obtained during the reporting period, enhancing the company's technological capabilities[76]. Environmental Compliance - The company has implemented a comprehensive environmental monitoring system, including both manual and online monitoring, to ensure compliance with environmental regulations[195]. - The company has established emergency response plans for environmental incidents at both wastewater treatment plants, detailing preventive measures and response protocols[193]. - Both wastewater treatment plants maintained compliance with environmental standards, with no instances of exceeding discharge limits reported[188]. - The company is committed to continuous improvement in its environmental management practices, as evidenced by its adherence to national standards and regular monitoring[195]. - The company has engaged third-party firms for monitoring non-routine environmental indicators, ensuring comprehensive oversight of its environmental impact[195]. Governance and Management - The company is committed to transparency in its governance practices, as evidenced by the detailed disclosure of board member compensation and qualifications[145]. - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 4.96 million CNY[145]. - The company has appointed a new general manager, Chi Yong, effective from May 14, 2021[146]. - The board includes independent directors with various professional backgrounds, enhancing governance and oversight[146]. - The company has established specialized committees under the board, including the audit committee, nomination committee, compensation and assessment committee, and strategic committee[161]. Challenges and Risks - The company recognizes policy risks associated with its reliance on national industrial policies and aims to adapt to changes in economic policies[134]. - The company's operating costs have increased due to factors such as energy conservation and emission reduction, leading to a slowdown in the development of the water supply business[135]. - The company is facing challenges in market expansion due to intensified competition in the water environment industry and limited market space[135]. - Financial risks are considered low, but the demand for funds will increase as the company expands its projects and business[136]. Future Plans - The company plans to achieve an annual water supply volume of 27 million cubic meters and a sales volume of 24 million cubic meters in 2022, with a production and sales difference rate not exceeding 10%[130]. - The company aims to control the national urban public water supply network leakage rate to below 9% by 2025, with pilot cities having a target of no more than 8%[126]. - The company is implementing a Smart Water 2.0 plan, integrating IoT, big data, and AI to enhance operational capabilities and decision-making[128]. - The company will actively expand its sewage treatment business and develop drainage facility operation and maintenance services[130]. - The company is focused on diversifying its operations within the municipal infrastructure sector while enhancing its core water supply business[129].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 309,615,724.8, representing a year-on-year increase of 19.79%[4] - The net profit attributable to shareholders for Q3 2021 was CNY 100,990,163.22, reflecting a growth of 56.09% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was CNY 0.10, an increase of 42.86% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,385,091.49, up 53.06% year-on-year[5] - The weighted average return on equity for Q3 2021 was 3.21%, an increase of 1.01 percentage points compared to the previous year[5] - Net profit for the third quarter of 2021 was ¥208,925,499.35, compared to ¥153,288,716.88 in the same quarter of 2020, representing a 36.3% year-over-year growth[19] - Earnings per share (EPS) for the third quarter was ¥0.22, an increase from ¥0.17 in the previous year[20] - The company reported a total comprehensive income of ¥207,969,609.90 for the third quarter, compared to ¥153,390,259.88 in the same quarter of the previous year[19] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 6,303,970,011.92, showing a 15.56% increase from the end of the previous year[5] - Total current assets as of September 30, 2021, amount to RMB 2,401,815,122.49, an increase from RMB 2,307,136,142.05 at the end of 2020[14] - Total non-current assets as of September 30, 2021, are RMB 3,902,154,889.43, up from RMB 3,147,853,059.42 at the end of 2020[15] - Total current liabilities as of September 30, 2021, are RMB 1,868,369,552.76, an increase from RMB 1,159,964,830.64 at the end of 2020[15] - Total non-current liabilities as of September 30, 2021, include RMB 744,242,211.56 in bonds payable, slightly up from RMB 743,675,602.71 at the end of 2020[15] - Total liabilities reached ¥3,093,021,686.60, up from ¥2,377,465,728.24, showing a significant increase in the company's financial obligations[18] - Total liabilities amounted to 2,377,465,728.24 RMB, compared to 2,384,308,576.73 RMB previously, indicating a reduction in liabilities[26] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was CNY 3,210,948,325.32, reflecting a 4.34% increase from the previous year[5] - Total number of common shareholders at the end of the reporting period is 33,575[11] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., holds 329,082,580 shares, accounting for 35.19% of total shares[12] - The second largest shareholder, Jiangyin Public Asset Management Co., Ltd., holds 216,795,172 shares, representing 23.18% of total shares, with 18,000 shares pledged[12] - The total equity attributable to shareholders rose to ¥3,210,948,325.32 from ¥3,077,523,473.23, reflecting a healthy growth in shareholder value[18] Cash Flow - The company reported a cash flow from operating activities of CNY 349,337,126.45 for the year-to-date, which is a decrease of 8.30% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters was ¥349,337,126.45, down from ¥380,938,685.00 in the same period of 2020[21] - The net cash flow from investment activities was -273,724,608.15 RMB, compared to -683,498,750.80 RMB in the previous period, indicating an improvement[22] - Total cash inflow from investment activities amounted to 872,612,427.20 RMB, while cash outflow was 1,146,337,035.35 RMB, resulting in a net cash flow deficit[22] - The company reported a net cash flow from financing activities of -76,967,623.36 RMB, a significant decrease compared to 777,629,176.64 RMB in the previous period[22] - The company’s cash inflow from financing activities was primarily driven by borrowing, with cash received from loans recorded at 852,446,000.00 RMB[22] - The company’s cash outflow for financing activities included dividend payments totaling 74,816,823.36 RMB[22] Operational Insights - The increase in net profit is attributed to the recovery of the economy post-pandemic and significant growth in water supply business and pipeline engineering projects[9] - The company has a significant increase in accounts receivable, which rose to RMB 184,856,851.02 from RMB 41,008,644.82 year-over-year[14] - Research and development expenses increased to ¥4,311,922.13 from ¥1,481,540.58, indicating a focus on innovation and product development[18] - The company has no significant new product or technology developments reported in the conference call[13] - Total operating revenue for the first three quarters of 2021 reached ¥828,941,201.08, a 26.8% increase from ¥653,723,966.14 in the same period of 2020[17] - Total operating costs amounted to ¥569,296,962.27, up from ¥448,104,692.06, reflecting a significant increase in operational expenses[17] Accounting Changes - The company executed the new leasing standards starting from 2021, impacting the financial statements accordingly[22]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 519,325,476.26, representing a 31.39% increase compared to CNY 395,250,354.41 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was CNY 107,935,336.13, up 17.91% from CNY 91,536,690.03 in the previous year[16]. - The net cash flow from operating activities increased by 34.38% to CNY 233,357,407.13, compared to CNY 173,656,850.13 in the same period last year[16]. - Basic earnings per share for the first half of 2021 were CNY 0.12, a 20.00% increase from CNY 0.10 in the same period last year[18]. - The company reported a 26.36% increase in net profit after deducting non-recurring gains and losses, reaching CNY 103,262,193.28 compared to CNY 81,718,029.07 last year[16]. - Operating profit reached 146.99 million yuan, up 26.55% from 116.16 million yuan in the previous year[48]. - The water supply business generated revenue of 328.43 million yuan, a 12.20% increase, with sales volume up 13.29%[48]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,493,692,493.06, a 0.71% increase from CNY 5,454,989,201.47 at the end of the previous year[17]. - The total liabilities increased by 54.04% to ¥53,306,566.79, mainly due to accrued interest on asset-backed securities[19]. - The total amount of contract assets increased by 68.96% to ¥121,879,202.73, mainly due to an increase in contract assets from the municipal subsidiary[19]. - The total liabilities as of June 30, 2021, were CNY 2,383,999,009.25, compared to CNY 2,377,465,728.24 at the end of 2020, indicating a marginal increase[136]. - The asset-liability ratio decreased to 43.40% from 43.58% at the end of the previous year, reflecting a slight reduction in financial leverage[132]. Research and Development - Research and development expenses surged by 212.90% to ¥3,468,677.83, indicating a significant increase in investment in innovation[20]. - The company has 11 utility model patents and 14 software copyrights, reflecting its commitment to innovation and technology development[40]. - The company is actively involved in the research and development of smart water management technologies, with several projects currently underway[39]. Operational Efficiency and Strategy - The company is focused on optimizing its procurement processes through competitive bidding and established management systems for materials[26]. - The company plans to enhance operational efficiency and reduce operational costs through the implementation of the "Smart Water" project[72]. - The company is adapting to the evolving water industry landscape, moving towards digitalization and integrated management solutions[33]. Environmental Compliance - The company achieved a 100% compliance rate for water quality during the reporting period[42]. - The company has implemented a comprehensive environmental monitoring system, including daily manual monitoring and automated online monitoring every two hours[90][91]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[92]. Legal Matters - The company is involved in a lawsuit with Jiangsu Huqiang Real Estate Development Co., Ltd., seeking the return of engineering funds amounting to ¥9,049,419.09, plus interest calculated at the People's Bank of China benchmark lending rate since January 4, 2019[106]. - The court ruled that the company must return ¥676,062.38 to Jiangsu Huqiang Real Estate and pay interest from January 4, 2019, until the actual repayment date[107]. - The company is also involved in a lawsuit with Shanghai Jiaoying Investment Management Co., Ltd., which includes a request for the company to continue fulfilling a capital increase agreement and pay a penalty of ¥3,000,000[109]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,886[122]. - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., holds 329,082,580 shares, accounting for 35.19% of the total shares[123]. - Jiangyin Public Asset Management Co., Ltd. holds 216,795,172 shares, representing 23.18% of the total shares[123]. Financial Health Indicators - The current ratio at the end of the reporting period was 2.01, slightly up from 1.99 at the end of the previous year, indicating improved liquidity[132]. - The interest coverage ratio significantly dropped to 9.04 from 149.70 in the previous year, primarily due to the accrual of interest on asset-backed securities[132]. - The company reported a slight increase in the quick ratio to 1.98 from 1.96, indicating stable short-term financial health[132]. Corporate Governance - The company has established a governance structure to mitigate risks associated with rapid growth and expansion[72]. - The financial statements are prepared based on the going concern assumption, indicating no significant factors affecting the company's ability to continue operations in the next 12 months[183]. - The company adheres to the accounting policies and estimates in accordance with the relevant enterprise accounting standards, ensuring accurate financial reporting[186].

Financial Performance - Operating revenue for the year-to-date was CNY 258,901,857.86, an increase of 46.10% year-on-year[5] - Net profit attributable to shareholders was CNY 49,224,568.54, reflecting a year-on-year increase of 37.47%[5] - Basic earnings per share increased by 25.00% to CNY 0.05[5] - The company reported a gross profit margin of approximately 26.7% in Q1 2021, compared to 25.2% in Q1 2020[25] - Net profit for Q1 2021 was ¥49,224,568.54, compared to ¥35,806,811.09 in Q1 2020, reflecting a 37% growth[27] - The total profit for Q1 2021 was ¥65,774,136.85, an increase from ¥47,126,238.61 in Q1 2020, representing a 39% rise[27] - The company’s total comprehensive income for Q1 2021 was ¥48,698,549.43, compared to ¥34,893,400.07 in Q1 2020, indicating a 39% increase[27] Cash Flow - Net cash flow from operating activities reached CNY 61,822,422.91, up 76.08% compared to the same period last year[5] - The net cash flow from operating activities in Q1 2021 was CNY 61.82 million, compared to CNY 35.11 million in Q1 2020, indicating an increase of about 76.3%[33] - The cash inflow from operating activities for the parent company in Q1 2021 was CNY 141.29 million, up from CNY 121.57 million in Q1 2020, marking an increase of about 16.2%[34] - The company experienced a net decrease in cash and cash equivalents of CNY 79.07 million in Q1 2021, an improvement from a decrease of CNY 266.14 million in Q1 2020[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,444,824,596.33, a decrease of 0.19% compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, were CNY 2,299,318,175.74, slightly down from CNY 2,307,136,142.05 at the end of 2020[17] - Total liabilities as of March 31, 2021, were CNY 2,318,602,573.67, down from CNY 2,377,465,728.24, representing a decrease of approximately 2.47%[19] - Current liabilities decreased to CNY 1,103,215,361.10 from CNY 1,159,964,830.64, reflecting a reduction of about 4.87%[18] - Shareholders' equity increased to CNY 3,126,222,022.66 from CNY 3,077,523,473.23, marking an increase of about 1.58%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,129[10] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., held 35.19% of the shares[10] Research and Development - Research and development expenses rose significantly by 315.90% to CNY 1,849,204.82 from CNY 444,631.29 in the previous year[12] Financial Expenses - Financial expenses increased by 215.20% to CNY 2,294,105.48 due to interest accrual on asset-backed securities[12] - The company experienced a significant increase in financial expenses, totaling ¥2,294,105.48 in Q1 2021, compared to a financial income of ¥1,991,456.23 in Q1 2020[25] Taxation - The income tax expense for the period was CNY 16,549,568.31, reflecting a 46.20% increase from CNY 11,319,427.52 in the same period last year[12] Other Information - The company reported non-recurring gains and losses totaling CNY 193,094.96[7] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company did not report any significant new strategies or market expansions during the quarter[13]

Financial Performance - The net profit attributable to the parent company for 2020 was CNY 129,217,889.56, with an undistributed profit of CNY 1,234,958,550.27 available for distribution to shareholders[4]. - The company's operating revenue for 2020 was ¥953.14 million, a decrease of 3.89% compared to ¥991.75 million in 2019[19]. - Net profit attributable to shareholders was ¥243.99 million, reflecting a 3.89% increase from ¥234.85 million in 2019[19]. - The basic earnings per share increased by 4.00% to ¥0.26 from ¥0.25 in 2019[20]. - The total assets at the end of 2020 reached ¥5.45 billion, a 12.33% increase from ¥4.86 billion in 2019[19]. - Cash flow from operating activities increased by 22.26% to ¥549.04 million compared to ¥449.09 million in 2019[19]. - The company's net assets attributable to shareholders rose by 5.77% to ¥3.08 billion from ¥2.91 billion in 2019[19]. - The weighted average return on equity decreased by 0.17 percentage points to 8.15% from 8.32% in 2019[20]. - The company reported a significant increase in cash and cash equivalents, which rose by 47.08% to ¥1.89 billion from ¥1.28 billion in 2019[21]. - The company made substantial investments in financial products, with trading financial assets increasing by 999.29% to ¥241.84 million from ¥22 million in 2019[22]. Dividend and Profit Distribution - A cash dividend of CNY 0.08 per share (including tax) is proposed, amounting to CNY 74,816,823.36, based on a total share capital of 935,210,292 shares[4]. - The cash dividend distribution for 2020 represents 30.66% of the net profit attributable to shareholders, consistent with previous years' distribution ratios[138]. - The total distributable profit for shareholders in 2020 was 1,234,958,550.27 RMB after adjustments, with an unallocated profit of 116,296,100.60 RMB after statutory reserve deductions[135]. Operational Efficiency and Risks - The company confirmed that there were no significant risks affecting its production and operations during the reporting period[6]. - The company has a standard unqualified audit report issued by the accounting firm Tongye Certified Public Accountants[6]. - The company has no non-operating fund occupation by controlling shareholders or related parties[5]. - The company has no violations of decision-making procedures for providing guarantees[5]. - The company's future plans and development strategies are subject to investment risks, and investors are advised to pay attention[5]. - The company has established a stable cash flow from operations, indicating low financial risk, although future project expansions may increase funding needs[129]. - The company plans to improve its governance structure and management capabilities to mitigate operational risks associated with its growth[128]. Market and Business Operations - The company operates mainly in Jiangyin, focusing on water pipeline installation, household meter transformation, high-rise high-pressure pipeline projects, and sewage treatment facilities[36]. - The company maintains a water supply capacity of 1.1 million tons per day across three water plants, with a business model based on a 30-year exclusive operating agreement[34]. - The company continues to focus on expanding its market presence and enhancing operational efficiency through strategic initiatives[34]. - The company holds a 30-year water supply franchise in Jiangyin, enhancing its competitive advantage in the water supply industry[41]. - The company has been recognized as a "5A level enterprise" in water supply services, indicating high service standards and quality management[43]. Environmental Compliance and Initiatives - The company emphasizes digitalization and smart water management as key trends in the water industry[40]. - The company has achieved ISO9001, ISO14001, and ISO45001 certifications, ensuring quality and environmental management[44]. - The wastewater treatment industry is experiencing a strategic opportunity period, with increasing regulatory demands and a shift towards high-quality development[40]. - The company reported a 100% reduction in long-term borrowings, with no long-term debt recorded[79]. - The company has implemented measures to strengthen its response to natural disasters and public health emergencies to minimize operational disruptions[130]. Legal Matters and Disputes - The company is currently engaged in multiple legal disputes, indicating potential impacts on its financial position and operations[147]. - The ongoing legal matters may affect the company's future cash flow and operational strategies[147]. - Jiangsu Huqiang Real Estate Development Co., Ltd. is seeking the return of project funds amounting to ¥9,049,419.09 from Jiangnan Water Construction Engineering Company[147]. - The court ruled that Jiangnan Water Construction Engineering Company must return ¥676,062.38 to Jiangsu Huqiang Real Estate Development Co., Ltd. and pay interest calculated from January 4, 2019, until the actual repayment date[149]. Investment and Financial Management - The company plans to use up to RMB 300 million of its own funds to purchase financial products, with a total of RMB 120 million in trust financial products and RMB 150 million in broker financial products already invested[157]. - The company is focusing on investments in fixed income and cash-type debt instruments, with a strategy to invest in financial derivatives[160]. - The company is exploring market expansion through various financial instruments and products approved by regulatory authorities[159]. - The company successfully issued asset-backed securities worth RMB 900 million to support its operational financing needs[169]. - The company has registered to issue short-term financing bonds not exceeding RMB 400 million, with the registration notice received on November 3, 2020[169].

2020 年第三季度报告 公司代码：601199 公司简称：江南水务 江苏江南水务股份有限公司 2020 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 5,358,621,647.83 4,856,293,798.16 10.34 归属于上市公司股东 的净资产 2,990,250,973.75 2,909,508,004.13 2.78 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金 流量净额 380,938,685.00 402,675,600.88 -5.40 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 653,723 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 395.25 million, a decrease of 13.45% compared to CNY 456.68 million in the same period last year[20]. - Net profit attributable to shareholders for the first half of 2020 was CNY 91.54 million, down 19.69% from CNY 113.99 million year-on-year[20]. - The basic earnings per share decreased by 16.67% to CNY 0.10 from CNY 0.12 in the previous year[20]. - The net cash flow from operating activities was CNY 173.66 million, a decline of 24.51% compared to CNY 230.05 million in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was CNY 81.72 million, a decrease of 25.52% compared to CNY 109.72 million in the same period last year[20]. - The company reported a total revenue of 395,250.40 million yuan, a decline of 13.45% year-on-year[46]. - Net profit for the period was 8,858.87 million yuan, down 23.28% compared to the previous year[46]. - The company completed a water supply volume of 11,951.05 million cubic meters, achieving 45.97% of the annual plan, a decrease of 5.99% compared to the previous year[45]. - The company reported a total comprehensive income for the first half of 2020 of approximately ¥47.24 million, down from ¥56.94 million in the same period of 2019[138]. Assets and Liabilities - Total assets decreased by 10.95% to CNY 4.32 billion from CNY 4.86 billion at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 35.38% to CNY 829.42 million due to the exclusion of a subsidiary from consolidation and new long-term investments[21]. - Trade receivables dropped by 73.79% to CNY 37.97 million, attributed to the implementation of new revenue recognition standards[21]. - Total liabilities decreased to ¥1,400,090,798.09 from ¥1,890,330,176.90, a reduction of 26%[127]. - Total equity attributable to shareholders increased slightly to ¥2,924,643,039.20 from ¥2,909,508,004.13, reflecting a growth of 0.5%[127]. Investments and Equity - Long-term equity investments rose by 77.98% to CNY 367,614,169.11 due to a change in accounting method and new investments[22]. - The company made a significant equity investment of CNY 100 million in Jiangyin Beikong Yucheng Environmental Industry Investment Partnership in May 2020[60]. - The company's equity investments increased by CNY 161.07 million, a growth of 77.78% compared to the end of the previous year, primarily due to a CNY 100 million investment in Jiangyin Beikong Yucheng Environmental Industry Investment Partnership[59]. Operational Highlights - The company operates under a 30-year exclusive water supply franchise agreement with the Jiangyin municipal government[29]. - The company has a daily sewage treatment capacity of 35,000 tons at its subsidiaries, handling industrial and domestic wastewater[32]. - The company has been recognized as a "5A-level enterprise" in water supply services by the China Water Supply Service Promotion Alliance[37]. - The company focuses on urban sewage treatment improvements, with policies promoting quality enhancement and efficiency in wastewater management[35]. - The company completed sewage treatment of 310.62 million cubic meters, a decrease of 6.4% from the previous year[46]. Research and Development - Research and development expenses increased by 52.69% to CNY 1,108,574.67 as the company further developed project research[22]. - The company has developed 8 utility model patents and 14 software copyrights, enhancing its intellectual property advantages[48]. - The company has initiated a three-year implementation plan for the "Smart Water 2.0" project to enhance information technology in the water industry[40]. Financial Risks and Strategies - The company is facing operational risks due to increased costs from energy conservation, structural adjustments, and rising electricity prices, impacting water supply business growth[74]. - Financial risks are considered low, but the company anticipates increased funding needs due to project expansions and market outreach[75]. - The company plans to enhance internal controls and implement a "smart water" project to improve operational efficiency and reduce costs[74]. Compliance and Governance - The company has not proposed any profit distribution or capital reserve increase for the first half of 2020, with no dividends or stock bonuses planned[80]. - The company appointed Gongzheng Tianye Accounting Firm as the auditor for the 2020 financial statements on May 15, 2020[83]. - There are significant litigation matters reported, including a case involving Jiangyin Municipal Engineering Company with a claim amount of RMB 9,049,419.09[84]. Market Position and Future Plans - The company aims to expand its market reach and extend its industrial chain by entering the wastewater sector, creating an integrated water supply and drainage service[75]. - The company plans to issue asset-backed securities with a scale of up to 800 million yuan to support its operational development[47]. - The company has identified potential acquisition targets to further strengthen its market position[154]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows[175]. - The company recognizes the income, expenses, and cash flows of newly acquired subsidiaries from the acquisition date to the reporting date[182]. - The company applies specific accounting policies for asset and liability measurement during mergers, including goodwill recognition for non-same control mergers[179].

Financial Performance - Net profit attributable to shareholders decreased by 1.86% to CNY 35,806,811.09 year-on-year[7] - Operating revenue increased by 2.41% to CNY 177,206,933.98 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses increased by 3.28% to CNY 36,713,217.25[7] - Basic and diluted earnings per share remained unchanged at CNY 0.04[7] - Total operating revenue for Q1 2020 was CNY 177.21 million, a slight increase of 2.3% compared to CNY 173.03 million in Q1 2019[31] - Net profit for Q1 2020 was CNY 35.81 million, compared to CNY 35.61 million in Q1 2019, showing a marginal increase of 0.6%[32] - Total profit for Q1 2020 was CNY 47.13 million, slightly down from CNY 47.34 million in Q1 2019, a decrease of 0.4%[32] Cash Flow - Net cash flow from operating activities decreased significantly by 71.33% to CNY 35,109,791.58[7] - The company's operating cash flow net amount decreased by 71.33%, from CNY 122,473,629.95 to CNY 35,109,791.58, primarily due to reduced advance payments from subsidiaries[17] - Cash inflow from operating activities was CNY 217.43 million in Q1 2020, down from CNY 313.04 million in Q1 2019, a decrease of 30.6%[36] - The net cash flow from operating activities was ¥39,462,971.82, a decrease of 13.5% compared to ¥45,424,816.32 in Q1 2019[40] - The cash flow from operating activities showed a total inflow of ¥121,566,491.33, slightly down from ¥126,120,986.51 in Q1 2019[40] Assets and Liabilities - Total assets decreased by 11.26% to CNY 4,309,235,623.5 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased from CNY 1,283,606,484.40 to CNY 1,026,673,859.49, a decline of 20.00%[22] - The company reported a significant decline in investment income, which fell by 85.21% from CNY 3,744,855.55 to CNY 553,703.97, mainly due to changes in accounting treatment[16] - The company’s intangible assets decreased by 41.62%, from CNY 264,484,702.19 to CNY 154,400,927.30, primarily due to the exclusion of certain subsidiaries from consolidation[22] - Total liabilities decreased significantly, with long-term borrowings dropping from CNY 406,000,000.00 to CNY 0.00, indicating a reduction in debt[15] - Non-current liabilities decreased from CNY 858,406,323.16 in December 2019 to CNY 440,965,023.80 in March 2020, a reduction of about 48.7%[24] - Current liabilities decreased from CNY 1,031,923,853.74 in December 2019 to CNY 918,524,167.27 in March 2020, a decline of approximately 10.9%[24] Shareholder Information - The number of shareholders reached 39,904 at the end of the reporting period[12] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., holds 35.19% of the shares[12] Research and Development - Research and development expenses increased by 124.60%, rising from CNY 197,969.29 to CNY 444,631.29, indicating a higher investment in innovation[16] - Research and development expenses increased significantly to CNY 444.63 thousand in Q1 2020 from CNY 197.97 thousand in Q1 2019, marking a growth of 124.9%[31] Other Financial Metrics - The weighted average return on equity decreased by 0.1 percentage points to 1.22%[7] - The company reported a non-operating loss of CNY 906,406.16 due to various factors[10] - The company recorded a tax expense of CNY 11.32 million in Q1 2020, down from CNY 11.73 million in Q1 2019, a reduction of 3.5%[32] - Other comprehensive income after tax was reported as CNY -913.41 thousand in Q1 2020, indicating a loss compared to the previous period[32] Investment Activities - The company reported a total cash outflow of ¥505,083,945.94 from investment activities, compared to ¥285,314,309.02 in the previous year[37] - The company received ¥22,000,000.00 from investment recoveries, significantly lower than ¥100,000,000.00 in the same period last year[40] General Observations - The overall financial performance did not indicate significant changes from previous quarters[48] - The company did not provide any specific user data or performance guidance for future quarters[48] - There were no mentions of new product or technology developments in the report[48] - The company did not discuss market expansion or acquisition strategies in this quarter[48] - No new strategic initiatives were highlighted in the earnings call[48]