江苏江南水务股份有限公司 2014 年半年度报告 江苏江南水务股份有限公司 601199 2014 年半年度报告 1 江苏江南水务股份有限公司 2014 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、 准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 公司半年度财务报告未经审计。 四、 公司负责人龚国贤、主管会计工作负责人王炜及会计机构负责人（会计主管人员） 王炜声明：保证本半年度报告中财务报告的真实、准确、完整。 五、 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承 诺，敬请投资者注意投资风险。 六、 是否存在被控股股东及其关联方非经营性占用资金情况？ 否 七、 是否存在违反规定决策程序对外提供担保的情况？ 否 2 | | | | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 7 | | 第四节 | 董事会报告 9 | | 第五节 | 重要事项 17 | | 第六节 | 股份 ...

Financial Performance - Net profit attributable to shareholders decreased slightly by 0.18% to CNY 24,833,435.68[9] - Operating revenue rose by 8.75% to CNY 123,137,734.99 compared to the same period last year[9] - The company reported a net profit of CNY 23,662,441.35 after deducting non-recurring gains and losses, an increase of 8.92% year-on-year[9] - The company reported a net profit of CNY 30,240,533.94 for Q1 2014, compared to CNY 33,582,461.05 in Q1 2013, reflecting a decrease of 10.4%[26] - Net profit for Q1 2014 was CNY 15,986,405.97, down 11.7% from CNY 18,102,940.19 in Q1 2013[30] - Operating profit decreased to CNY 21,453,071.83, a decline of 14.5% from CNY 25,185,389.98 in the previous year[30] Assets and Liabilities - Total assets increased by 2.42% to CNY 3,093,867,227.47 compared to the end of the previous year[9] - Total liabilities increased to CNY 1,228,004,166.91 from CNY 1,180,143,218.81, representing a rise of 4.1%[21] - Owner's equity totaled CNY 1,865,863,060.56, up from CNY 1,840,710,113.56, indicating an increase of 1.4%[21] - Total non-current assets amounted to CNY 1,684,411,552.81, an increase from CNY 1,667,846,800.26 at the beginning of the year, representing a growth of 1.0%[24] Cash Flow - Net cash flow from operating activities decreased by 21.13% to CNY 71,861,345.16[9] - Cash flow from operating activities generated a net amount of CNY 71,861,345.16, down 21.0% from CNY 91,111,406.36 in Q1 2013[34] - The net cash flow from operating activities was 14,375,291.03, a decrease of 62.2% compared to 37,903,085.94 in the previous year[37] - The company reported a total cash outflow from operating activities of 74,836,573.49, which is an increase from 73,481,197.44 in the previous year[37] Shareholder Information - The number of shareholders reached 21,320, with the top ten shareholders holding a combined 63.08% of the total shares[12][13] - Jiangyin Urban and Rural Water Supply Co., Ltd. is the largest shareholder, holding 34.96% of the shares[12][13] - Basic earnings per share remained stable at CNY 0.11[9] - The basic and diluted earnings per share remained stable at CNY 0.11 for both Q1 2014 and Q1 2013[30] Investment Activities - Investment income increased significantly to ¥3,008,577.51, up 416.18% from ¥582,853.49, primarily due to higher returns from bank wealth management products and equity method recognition of joint venture income[15] - Investment activities resulted in a net cash outflow of CNY 57,961,835.82, compared to a net outflow of CNY 54,590,834.27 in the same period last year[34] - Cash inflow from recovering investments was 120,000,000.00, significantly higher than 40,000,000.00 in the previous year[37] Operational Costs - Total operating costs for Q1 2014 amounted to CNY 92,897,201.05, up 16.6% from CNY 79,646,227.79 in Q1 2013[27] - Sales expenses for Q1 2014 were CNY 14,034,791.77, an increase of 16.2% from CNY 12,084,115.44 in Q1 2013[30] - Management expenses rose to CNY 17,896,112.44, up 6.6% from CNY 16,789,542.86 in the previous year[30] Other Financial Metrics - The weighted average return on net assets decreased by 0.07 percentage points to 1.34%[9] - Cash and cash equivalents at the end of Q1 2014 were CNY 703,866,323.22, compared to CNY 676,104,167.53 at the beginning of the year, showing a growth of 4.1%[23] - Accounts receivable increased to CNY 8,767,808.88 from CNY 5,424,136.24, marking a rise of 61.5%[23] - Inventory decreased to CNY 955,874.71 from CNY 1,053,242.45, a decline of 9.2%[24]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 100,810,285.67 in 2013, with a 4.76% increase compared to RMB 96,000,000 in 2012[6]. - Total operating revenue for 2013 was RMB 585,557,288.82, reflecting an 11.93% increase from RMB 523,165,333.65 in 2012[24]. - The basic earnings per share for 2013 was RMB 0.62, up 5.08% from RMB 0.59 in 2012[25]. - The company's net profit increased by 4.76% year-on-year, with a significant contribution from the municipal engineering subsidiary, which saw a 73.63% increase in net profit due to a 56.93% rise in installation service revenue[43]. - Net profit for the year was 14,560.81 million yuan, up 4.76% from 13,899.60 million yuan, driven by growth in municipal engineering business profits[31]. - The company's total revenue for 2013 reached 524.614 million, an increase from 493.614 million in 2012, representing a growth of approximately 6.5%[140]. - The company reported a net profit of 31 million for the year, indicating a stable performance compared to previous periods[140]. Assets and Liabilities - The company's total assets reached RMB 3,020,853,332.37 at the end of 2013, marking a 19.11% increase from RMB 2,536,161,773.59 in 2012[24]. - The company's total liabilities increased to RMB 1,180,143,218.81 from RMB 785,706,243.75, reflecting a rise of about 50%[177][178]. - The total equity attributable to shareholders increased to RMB 1,840,710,113.56 from RMB 1,750,455,529.84, reflecting a growth of about 5.1%[178]. - The company's total liabilities as of the end of 2012 were 447,891.51 million RMB, indicating a significant leverage position[135]. - The total amount of unallocated profits at the end of the year was CNY 225,963,657.19, reflecting a decrease from CNY 240,991,657.19 in the previous year[199]. Cash Flow - The net cash flow from operating activities was RMB 458,750,229.74, representing a 9.63% increase from RMB 418,454,929.94 in 2012[24]. - The ending cash and cash equivalents balance decreased to ¥324,049,763.33 from ¥442,667,528.98, a drop of approximately 26.7%[189]. - Cash inflow from financing activities totaled ¥5,750,000.00, down from ¥10,000,000.00, showing a decrease of 42.5%[189]. - The company reported a net cash increase of -¥118,617,765.65, compared to -¥7,882,888.28 in the previous period, reflecting a worsening cash position[189]. Investments and Acquisitions - The company acquired a 30% stake in Everbright Water (Jiangyin) Co., Ltd. for 83.1 million RMB, marking a 1,072.04% increase in equity investment compared to the previous year[60]. - The company plans to acquire assets related to water supply in Jiangyin, including cash purchases of 13.49 million RMB for Gu Shan Water Supply Co., Ltd. and 13.07 million RMB for Jinlan Water Supply Co., Ltd.[104]. - The total cash outlay for the acquisitions amounts to approximately 50.96 million RMB[104]. - The company has invested CNY 235,341,330.51 in the Chengxi Water Plant construction project, which is now 100% complete[75]. Operational Highlights - The company achieved a water supply volume of 24,364.32 million cubic meters, exceeding the annual plan by 5.93% and increasing by 1.83% compared to the previous year[31]. - The company maintained a water fee recovery rate of 99.69% and a water quality compliance rate of 100%[31]. - The company completed the construction of the Chengxi Water Plant, which has a planned capacity of 200,000 m³/d, with an initial phase of 100,000 m³/d operational since July 30, 2013[45]. - The company is adapting to stricter environmental regulations, which are expected to increase operational costs and create more demand for environmental services[76]. Shareholder Information - The company proposed a cash dividend of RMB 0.19 per share, totaling RMB 44,422,000.00 to be distributed to shareholders[6]. - The company has a 30.51% dividend payout ratio based on the net profit attributable to shareholders in 2013[99]. - The total share capital of Jiangnan Water Co., Ltd. remains unchanged at 233,800,000 shares, with 65.59% being restricted shares[120]. Governance and Compliance - The company has established a governance structure that complies with the Company Law and Securities Law, ensuring transparent information disclosure and investor relations management[157]. - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[158]. - The company did not report any retired employees requiring financial support, indicating a stable workforce[150]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[148]. Future Outlook - Future guidance suggests a targeted revenue growth of 10% for the upcoming fiscal year, driven by increased demand for water services[140]. - The company plans to expand its sewage treatment business and explore new environmental protection fields through acquisitions or management contracts[85]. - The company aims to achieve a comprehensive urban-rural water supply integration by 2014, including the renovation of rural pipelines and household water meters[84].