Financial Performance - The company's operating revenue for the first half of 2023 reached ¥2,831,361,153.02, representing a 14.21% increase compared to ¥2,479,001,864.58 in the same period last year[35] - Net profit attributable to shareholders of the listed company was ¥303,847,653.64, up 9.40% from ¥277,737,362.16 in the previous year[35] - The net profit after deducting non-recurring gains and losses was ¥293,602,456.43, an increase of 8.72% compared to ¥270,048,323.91 in the same period last year[35] - The net cash flow from operating activities was ¥358,492,101.75, which is a 27.18% increase from ¥281,868,343.68 in the previous year[35] - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were ¥10,462,346,055.01, reflecting a 1.87% increase from ¥10,270,684,255.67 at the end of the previous year[35] - Total assets amounted to ¥28,927,868,944.96, showing a slight decrease of 0.25% from ¥29,000,726,628.63 at the end of the previous year[35] - Basic earnings per share for the first half of 2023 increased to 0.27084 CNY, up 9.40% from 0.24757 CNY in the same period last year[53] - Diluted earnings per share for the first half of 2023 also rose to 0.27084 CNY, reflecting a 9.40% increase compared to the previous year[53] - The weighted average return on equity increased to 2.93%, up by 0.15 percentage points from 2.78% in the same period last year[53] Operational Highlights - The company operates 29 waste incineration power generation projects across various cities, including Shanghai and Chengdu[43] - As of the report date, the company has invested in and operates 5 sewage treatment projects located in Shanghai and Chengdu[44] - The company has established 6 waste transfer stations in Shanghai, enhancing its waste management capabilities[44] - The company operates 27 waste incineration projects, processing a total of 6.7551 million tons of waste, generating 2,287,584.8 MWh of electricity[94] - The company has four wastewater treatment plants, treating a total of 183.9939 million tons of wastewater, with an average daily treatment capacity of 1.0165 million tons[94] Strategic Initiatives - The strategic vision for the "14th Five-Year Plan" includes evolving from a "2+4" model to an "environmental governance +" strategy, focusing on both light and heavy asset businesses[58] - The company has a standardized project development model, utilizing BOT, PPP, and TOT modes for its main operations[45] - The company aims to enhance its project construction capabilities through partnerships with engineering design institutes and equipment suppliers[63] - Future ecological infrastructure development is expected to expand from urban areas to towns and rural regions, improving environmental service coverage[69] - The company is currently expanding its wet waste treatment facilities, with ongoing construction of the pre-treatment system and deodorization system[95] Research and Development - The company is actively pursuing research projects related to hazardous waste management and solid waste treatment technologies[118] - Research and development expenses decreased by 21.09% to ¥23,823,301.95 from ¥30,191,504.93 year-on-year[103] - The company completed the design and preparation of the thermal desorption module for the mobile soil remediation terminal, integrating data analysis for future applications[119] - The company is advancing the optimization of advanced oxidation technology for the degradation of polycyclic aromatic hydrocarbons in groundwater[120] Environmental Compliance and Sustainability - The company has established a low-carbon model with its Tianma zero-waste low-carbon environmental park, approved as a "low-carbon development practice area" in January 2023[189] - The company's municipal sewage treatment project meets the Class A discharge standards for CODcr, BOD5, NH3-N, TP, and SS as per the national regulations[196] - During the reporting period, the company's waste incineration project fully complies with the "Standards for Pollution Control of Municipal Solid Waste Incineration" and local standards for emissions[198] - The company has implemented pollution prevention facilities that operate in accordance with the "three simultaneities" principle, ensuring effective environmental management[198] - The total emissions of key pollutants from the company's projects are within the approved limits, with no significant faults or defects reported[200] - The company has achieved compliance with the pollution discharge standards for its waste treatment facilities, ensuring environmental safety[198] Awards and Recognition - The company has received over 100 provincial and national awards for its technological and consulting achievements, including 59 national-level awards[91] - The company has a total of 299 patents, including 58 invention patents, and has published 96 standards, with 37 as the main editor[91] - The company has received several awards, including the Shanghai Municipal Technology Invention Award and the Ministry of Education Science and Technology Progress Award[116][117] Risks and Challenges - There are no significant risks or uncertainties reported that could impact future performance[22] - The company faces risks related to changes in national tax policies that could impact profitability significantly[135] - The company faces operational risks related to BOT projects, including potential increases in operating costs and regulatory approval uncertainties[169] - The company emphasizes the importance of maintaining relationships with local governments for project continuity, which may be affected by regional policy changes[171] - The company is focused on expanding its project areas, which may increase management challenges and operational risks[171]

Financial Performance - The total operating revenue for Q1 2023 was RMB 1,367,561,270.38, an increase of 10.65% compared to RMB 1,236,199,893.31 in Q1 2022[25] - The net profit attributable to shareholders of the listed company was CNY 137,650,749.77, a decrease of 7.98% compared to the same period last year[33] - The company's operating revenue for Q1 2023 was CNY 1,367,561,270.38, representing a year-on-year increase of 10.63%[33] - The net profit for Q1 2023 was ¥108,039,468.39, compared to ¥38,619,229.88 in Q1 2022, indicating an increase of about 179.5%[43] - The net profit for Q1 2023 is CNY 162,126,608.84, compared to CNY 179,697,019.34 in the same period last year, reflecting a decline[59] - Operating profit for Q1 2023 is CNY 186,315,866.42, down from CNY 210,797,465.22 in the previous year[59] Cash Flow - The net cash flow from operating activities decreased significantly to RMB -222,888,088.18, a decline of 341.08% from RMB 92,453,794.30 in the same period last year[20] - Cash inflow from operating activities totaled RMB 1,269,765,759.30, down from RMB 1,634,825,462.63 in Q1 2022, representing a decrease of 22.34%[11] - Cash outflow from operating activities was RMB 1,492,653,847.48, slightly reduced from RMB 1,542,371,668.33 in Q1 2022, indicating a decrease of 3.23%[11] - The cash flow from financing activities generated a net cash inflow of CNY 39,986,217.20, down from CNY 190,719,431.74 in the previous year[27] - The cash flow from investing activities shows a net inflow of CNY 357,599,172.86, compared to a net outflow of CNY 44,133,795.03 in the previous year[46] - The cash flow from operating activities for Q1 2023 was negative at -¥20,844,631.91, an improvement from -¥28,959,966.91 in Q1 2022[45] Assets and Liabilities - The total assets as of March 31, 2023, amounted to CNY 12,953,893,041.84, down from CNY 13,206,836,638.59 at the end of 2022[37] - The total liabilities were CNY 16,715,231,018.88, compared to CNY 16,966,805,303.10 at the end of the previous year[30] - The total non-current liabilities increased to CNY 10,723,293,084.15 from CNY 10,173,963,967.74[30] - Total assets at the end of the reporting period amount to CNY 28,913,584,455.12, a decrease of 0.30% from the end of the previous year[52] - The total liabilities amounted to ¥4,936,336,714.08, down from ¥5,297,319,779.22 in the previous period, reflecting a decrease of approximately 6.8%[39] - The company’s total liabilities decreased to ¥5,991,937,934.73 from ¥6,792,841,335.36, reflecting a decrease of about 11.77%[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,454[21] - The largest shareholder, Shanghai Urban Investment (Group) Co., Ltd., holds 46.50% of the shares, totaling 521,630,979 shares[21] Investment and Expenses - The cash inflow from investment activities was RMB 81,420,141.25, compared to RMB 3,128,051.25 in the previous year, showing a significant increase[11] - The cash outflow for the purchase of fixed assets and intangible assets was RMB 226,843,378.58, down from RMB 373,933,704.02 in Q1 2022, a decrease of 39.36%[11] - The company reported a significant increase in investment income, reaching ¥144,549,737.05, up from ¥83,710,250.65 in the previous year, representing a growth of approximately 72.8%[43] - Research and development expenses were recorded at ¥227,139.62, indicating ongoing investment in innovation[43] - The company incurred interest expenses of CNY 88,183,354.62 in Q1 2023, down from CNY 96,831,117.35 in the same period last year[59] Earnings and Returns - The company reported a basic earnings per share of CNY 0.12270, a decrease of 7.98% from the previous year[33] - The diluted earnings per share for Q1 2023 is CNY 0.12270, a decrease of 7.98% compared to the previous year[52] - The weighted average return on equity is 1.33%, down by 0.18 percentage points from the previous year[52]

证券代码：601200 证券简称：上海环境 公告编号：临 2023-019 上海环境集团股份有限公司 关于召开 2022 年度业绩说明会的预告公告 1．召开时间：2023 年 5 月 11 日（周四）上午 10:00-11:30 2．召开地点：上海证券交易所"上证路演中心"网络平台 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法律责任。 重要内容提示： 一、说明会类型 上海环境集团股份有限公司（以下简称"公司"）于 2023 年 3 月 25 日在上 海证券交易所网站（www.sse.com.cn）披露了《上海环境集团股份有限公司 2022 年年度报告》全文及摘要，为了让广大投资者更进一步了解公司的生产经营和利 润分配等情况，公司定于 2023 年 5 月 11 日上午 10:00-11:30 举行 2022 年度业绩 说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议，并就现金分 会议召开时间：2023 年 5 月 11 日（周四）上午 10:00-11:30 会 议 召 开 网 址 ： 上 海 证 券 交 易 所 " 上 ...

Audit and Financial Reporting - The company appointed Ernst & Young Hua Ming as the auditor for the 2022 annual report, with an audit fee of RMB 3,110,000[1]. - The financial statements reflect the company's compliance with accounting standards, ensuring fair representation of its financial position and operating results for the year ended December 31, 2022[65]. - The company conducts annual impairment tests for goodwill, regardless of whether there are indications of impairment, ensuring compliance with relevant regulations regarding goodwill impairment disclosures[75]. Related Party Transactions - The company expects a total of RMB 2,369.76 million in related party transactions for 2022, including RMB 1,744.99 million in sales and service transactions, RMB 624.73 million in purchases, and RMB 0.04 million in other transactions[4]. - The actual related party transactions amounted to RMB 2,080.18 million, with RMB 1,653.42 million from sales and services, representing 94.75% of the expected amount[5]. Shareholder Information - The total number of common stock shareholders as of the end of the reporting period is 77,496, an increase from 77,027 at the end of the previous month[20]. - Shanghai Chengtou (Group) Co., Ltd. holds 521,630,979 shares, representing 46.50% of the total shares[20]. - The top ten shareholders include state-owned entities such as Yangtze River Ecological Environmental Group Co., Ltd. with 58,402,192 shares (5.21%) and Three Gorges Capital Holdings Co., Ltd. with 53,783,649 shares (4.79%)[23]. - The company has no changes in the controlling shareholder or actual controller during the reporting period[26]. - The actual controller of the company is the Shanghai State-owned Assets Supervision and Administration Commission[27]. Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, was approximately RMB 492.1 million, a decrease of 29.77% compared to RMB 700.7 million in 2021[43]. - The company's operating revenue for 2022 was CNY 6,285,515,349.01, a decrease of 12.67% compared to 2021[100]. - Net profit attributable to shareholders for 2022 was CNY 519,542,987.89, down 27.10% from the previous year[100]. - The weighted average return on net assets for 2022 was 5.16%, a decrease of 2.29 percentage points from 2021[100]. - Basic and diluted earnings per share decreased to ¥0.46311 from ¥0.63523, a drop of about 27.1% year-over-year[138]. Cash Flow and Liquidity - The cash flow from operating activities for 2022 increased significantly to CNY 1,785,317,806.43, a growth of 186.61% year-on-year[100]. - The current ratio improved to 0.87 from 0.69, reflecting a 26.88% increase due to an increase in current assets and a decrease in current liabilities[43]. - The cash interest coverage ratio significantly increased to 5.01 from 2.15, indicating a 132.67% improvement driven by an increase in net cash from operating activities[43]. - The company successfully repaid all debts on time, maintaining a loan repayment rate of 100% and an interest payment rate of 100%[43]. Asset and Liability Management - The total assets at the end of 2022 were CNY 29,000,726,628.63, reflecting a slight decrease of 1.07% from 2021[100]. - The asset-liability ratio was 58.50%, a slight decrease from 59.43% in the previous year, indicating stable financial leverage[43]. - Total liabilities decreased from CNY 17.42 billion in 2021 to CNY 16.97 billion in 2022, a reduction of approximately 2.6%[123]. - Current liabilities totaled CNY 6.79 billion in 2022, down from CNY 8.33 billion in 2021, representing a decrease of about 18.5%[123]. Investments and Projects - The company has ongoing construction projects, including the Fengxian Renewable Energy Comprehensive Utilization Center, which passed trial operation in January 2022[110]. - The company has invested approximately CNY 523 million in a new sewage treatment project in Gaoping District, which includes three sub-projects[111]. - The company has initiated a new project for the Shaowu City waste incineration power plant with a daily processing capacity of 500 tons and a total investment of approximately RMB 314 million[156]. - The company has launched a new project for the Lanzhou County agricultural and livestock solid waste harmless treatment center with a total investment of approximately RMB 79.91 million, aiming to process 110,000 tons of agricultural and livestock solid waste annually[157]. Environmental and Technological Initiatives - The company is advancing the research on hazardous waste intelligent control systems, aiming to establish a comprehensive management system for hazardous waste from collection to disposal[163]. - The company has developed a new generation of modular off-site leaching equipment and comprehensive heavy metal contaminated soil leaching solutions, providing stronger competitiveness in the heavy metal soil remediation market with lower leaching costs and higher efficiency[166]. - The company aims to establish a unified and standardized carbon emission statistical accounting system by 2023, with further improvements expected by 2025, providing comprehensive and reliable data support for carbon peak and carbon neutrality efforts[168]. Future Plans and Goals - The company plans to enhance its green manufacturing capabilities significantly by 2025, focusing on reducing energy consumption, water usage, and carbon emissions in traditional manufacturing[185]. - The company aims to achieve a sludge harmless disposal rate of over 90% nationwide by 2025, with a target of 95% for cities at the prefecture level and above[186]. - The company is focused on promoting the high-quality development of waste incineration power plants through the establishment of low-carbon and systematic evaluation standards, aiming for a coordinated reduction of pollution and carbon emissions[171].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,576,787,035.66, representing a year-on-year increase of 6.26%[7] - The net profit attributable to shareholders for Q3 2022 was ¥176,444,779.35, a decrease of 16.87% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥160,207,754.06, down 23.49% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.15728, reflecting a decrease of 16.87% compared to the previous year[9] - Operating revenue for the first three quarters of 2022 was ¥4.06 billion, down 23.7% from ¥5.32 billion in the same period of 2021[24] - The net profit attributable to shareholders increased to approximately ¥4.67 billion, up from ¥4.30 billion, representing a growth of 8.5%[24] - The company's operating profit for the first three quarters of 2022 was approximately ¥668.36 million, a decrease of 24% compared to ¥879.12 million in the same period of 2021[26] - Net profit attributable to shareholders for the first three quarters of 2022 was approximately ¥454.18 million, down 27.5% from ¥626.86 million in the same period of 2021[26] Assets and Liabilities - The total assets as of the end of Q3 2022 amounted to ¥29,418,436,720.68, an increase of 0.48% from the end of the previous year[9] - The total liabilities stood at ¥17.46 billion, slightly up from ¥17.41 billion, reflecting a marginal increase of 0.3%[22] - The total assets as of the end of the reporting period were CNY 13,151,990,815.72, an increase from CNY 12,932,197,538.86 year-over-year[38] - The total liabilities amounted to CNY 5,237,080,637.46, compared to CNY 5,077,657,075.04 in the previous year, representing an increase of 3.1%[38] - The company's total liabilities at the end of the reporting period were approximately ¥5.53 billion, reflecting a significant increase compared to the previous year[32] - The company's total debt was approximately ¥5.08 billion, with a focus on managing financial leverage[58] Cash Flow - The company reported a net cash flow from operating activities of ¥701,115,349.55 for the year-to-date, showing a year-on-year increase of 3.03%[9] - The net cash flow from operating activities for the first three quarters of 2022 was approximately ¥701.12 million, slightly up from ¥680.49 million in the same period of 2021[30] - The company reported a net cash outflow from investing activities of approximately ¥371.46 million, an improvement from a net outflow of ¥1.99 billion in the same period of 2021[30] - The net cash flow from financing activities for the first three quarters of 2022 was approximately -¥424.67 million, compared to a positive cash flow of ¥1.29 billion in the same period of 2021[32] - The net cash flow from investment activities was $76.61 million, a significant recovery from a negative cash flow of -$719.98 million previously[44] - The total cash outflow from investment activities was $917.12 million, a decrease of 53% from $1.96 billion in the previous period[44] Shareholder Information - The equity attributable to shareholders was ¥10,203,926,944.75, which increased by 3.67% compared to the end of the previous year[9] - The company has a total of 76,965 common shareholders as of the end of the reporting period[13] - Total equity attributable to shareholders was approximately ¥9.84 billion, with retained earnings of ¥4.30 billion[54] - The total equity of the company as of the end of the reporting period was CNY 7,914,910,178.26, an increase from CNY 7,854,540,463.82 year-over-year[38] Expenses - The decrease in net profit was primarily attributed to increased pandemic-related expenses and insufficient capacity release from newly launched projects[12] - Research and development expenses for the third quarter were ¥54.10 million, down from ¥61.36 million, a decrease of about 11.0%[24] - The company reported a financial expense of ¥301.09 million, which increased from ¥222.47 million, marking a rise of approximately 35.3%[24] - Research and development expenses for the third quarter of 2022 were CNY 281,700.00, indicating ongoing investment in innovation[40] - The company paid $43.56 million in employee compensation, an increase of 7.5% from $40.49 million in the previous period[44]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,479,001,864.58, a decrease of 35.35% compared to CNY 3,834,413,285.27 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 277,737,362.16, down 33.01% from CNY 414,619,703.67 in the previous year[25]. - The net cash flow from operating activities was CNY 281,868,343.68, representing a decline of 34.43% compared to CNY 429,846,053.52 in the same period last year[25]. - Basic earnings per share for the first half of 2022 were CNY 0.24757, a decrease of 33.01% from CNY 0.36958 in the same period last year[25]. - The weighted average return on net assets was 2.78%, down 1.60 percentage points from 4.38% in the previous year[25]. - The company reported a decrease of 33.96% in net profit after deducting non-recurring gains and losses, amounting to CNY 270,048,323.91 compared to CNY 408,887,646.83 in the same period last year[25]. - The diluted earnings per share were also CNY 0.24757, reflecting a 33.01% decline from the previous year[25]. - The company reported a revenue of approximately ¥2.48 billion, a decrease of 35.35% compared to the previous year, primarily due to a decline in PPP project construction revenue by about ¥1.2 billion[73]. - Operating costs decreased by 42.22% year-on-year to approximately ¥1.69 billion, attributed to lower construction costs for PPP projects and increased pandemic-related expenses[73]. - The company reported a net cash flow from operating activities of approximately ¥281.87 million, a decrease of 34.43% year-on-year[73]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 29,536,752,233.16, an increase of 0.89% from CNY 29,277,095,652.78 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased to CNY 10,027,482,165.40, up 1.88% from CNY 9,842,898,450.03 at the end of the previous year[25]. - Total current assets amounted to approximately ¥5.89 billion, an increase from ¥5.72 billion at the beginning of the period[180]. - Long-term receivables rose to approximately ¥11.53 billion, up from ¥10.91 billion at the end of the previous year[180]. - Non-current assets totaled approximately ¥23.65 billion, slightly up from ¥23.59 billion year-over-year[180]. - Total liabilities increased to ¥17,624,605,224.17 from ¥17,420,633,616.66, representing a growth of about 1.17%[182]. - Current liabilities decreased to ¥8,072,694,365.83 from ¥8,329,972,873.37, a reduction of about 3.09%[182]. - Long-term borrowings rose to ¥7,366,953,929.73 from ¥6,994,199,620.08, indicating an increase of approximately 5.34%[182]. Operational Highlights - Shanghai Environment Group operates 28 waste incineration power generation projects across various cities, including Shanghai and Chengdu[32]. - The company operated 27 waste incineration projects, processing a total of 6.9301 million tons of waste, a year-on-year increase of 23.61%[60]. - The electricity generated from waste incineration reached 24,119.6 million kWh, representing a year-on-year growth of 32.96%[60]. - The company processed 21,939.38 million tons of wastewater across 4 treatment plants, with an average daily processing capacity of 1.2121 million tons, showing no significant change from the previous year[60]. - The company has established a strong market presence, holding approximately 80% of the waste disposal market share in Shanghai[58]. - The company is actively expanding its projects nationwide, with successful implementations in cities such as Chengdu, Qingdao, and Nanjing[58]. Research and Development - Research and development expenses decreased by 24.76% year-on-year to approximately ¥30.19 million, mainly due to reduced spending on subsidiary projects[73]. - The company established a 200t/d domestic membrane demonstration line, which can reduce procurement costs by at least 20% compared to imported membranes[67]. - The company is advancing the research on hazardous waste intelligent control systems, aiming for comprehensive tracking management from collection to disposal[68]. - The company launched the first domestic standard for the disposal of cabin dismantling materials, addressing urgent technical guidance needs during the recovery process[72]. Environmental Commitment - The company is committed to environmental sustainability, aiming to provide comprehensive environmental solutions and promote a low-carbon economy[59]. - The company is working on a carbon reduction project for municipal solid waste treatment, addressing key data and management challenges in the industry[124]. - The company has implemented pollution control facilities that comply with the "three simultaneous" requirements, ensuring emissions meet national and local standards[114]. - The company has developed a digital platform called "Solid Waste Carbon Steward" to disclose carbon footprint information throughout the waste treatment lifecycle[126]. Risks and Challenges - The company faces risks related to policy changes that could impact its market environment and operational strategies[87]. - The company is exposed to operational risks associated with BOT project approvals and the potential inability to renew operating rights upon expiration[89]. - The company continues to face potential increases in operational costs due to stricter environmental regulations and rising material costs, impacting profitability[93]. - Safety and quality risks may arise from accidents during production, potentially leading to project damage, personnel injuries, and economic losses, which could also harm the company's brand reputation[95]. Shareholder and Governance - The company has a commitment from its largest shareholder, Shanghai Urban Investment, to ensure the independence of the company in terms of personnel, assets, finance, and operations, which is effective until March 31, 2023[138]. - The company has reported no significant litigation or arbitration matters during the reporting period[144]. - The company has not experienced any non-compliance issues or penalties involving its directors, supervisors, or senior management during the reporting period[144]. - The total number of ordinary shareholders as of the end of the reporting period was 78,604[159]. - The largest shareholder, Shanghai Urban Investment Group Co., Ltd., held 521,630,979 shares, representing 46.50% of the total shares[159].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：601200 证券简称：上海环境 上海环境集团股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度 (%) | | 营业收入 | 1,236,199,893. ...

上海环境 2021 年年度报告 公司代码：601200 公司简称：上海环境 上海环境集团股份有限公司 2021 年年度报告 1 / 210 上海环境 2021 年年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，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、 安永华明会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人王瑟澜、主管会计工作负责人杨伯伟及会计机构负责人（会计主管人员）李蓉声 明：保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 本次利润分配拟以公司2021年末总股本1,121,858,543股为基数，向全体股东每10股派发现金 红利1.00元（含税），剩余未分配利润留待以后年度分配。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司经营和发展战略等前瞻性陈述不构成公司对投资者的实质承诺，请投资 者注意投资风险。 七、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 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,483,843,205.93, representing a year-on-year increase of 59.63%[7] - The net profit attributable to shareholders for Q3 2021 was ¥212,240,626.90, with a year-on-year increase of 2.51%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥209,387,803.89, reflecting a year-on-year increase of 1.91%[7] - Total revenue for the first three quarters of 2021 reached ¥5,318,256,491.20, a significant increase from ¥2,841,956,735.31 in the same period of 2020, representing an increase of approximately 87%[25] - The company's net profit for the first three quarters of 2021 was approximately ¥776.20 million, an increase of 22.1% compared to ¥635.57 million in the same period of 2020[27] - Operating profit for the first three quarters of 2021 reached ¥879.12 million, up from ¥745.15 million in the previous year, reflecting a growth of 18.0%[27] - The company’s total profit for the first three quarters of 2021 was approximately ¥881.85 million, compared to ¥746.42 million in the same period of 2020, marking an increase of 18.1%[27] Assets and Liabilities - The total assets as of the end of Q3 2021 amounted to ¥29,741,444,210.19, an increase of 9.92% compared to the end of the previous year[9] - Total assets amounted to $27.06 billion, with non-current assets at $22.09 billion[34] - Total liabilities reached $17,952,027,802.15 as of September 30, 2021, up from ¥15,952,179,148.81 at the end of 2020, indicating an increase of approximately 13%[23] - Total liabilities reached $15.95 billion, with current liabilities at $9.24 billion[34] - The total non-current liabilities amounted to $6.71 billion, indicating a significant long-term financial commitment[34] Equity and Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was ¥9,783,247,383.28, an increase of 5.74% compared to the end of the previous year[9] - Shareholders' equity totaled $11.11 billion, including $9.25 billion attributable to the parent company[36] - The capital reserve stood at $4.10 billion, while retained earnings were $3.74 billion[36] Cash Flow and Financing Activities - The cash flow from operating activities for the year-to-date period was ¥680,493,708.19, showing a year-on-year increase of 13.43%[9] - Cash flow from operating activities for the first three quarters of 2021 was ¥680.49 million, compared to ¥599.76 million in the same period of 2020, indicating an increase of 13.4%[29] - The company reported a net cash outflow from investing activities of approximately ¥1.99 billion for the first three quarters of 2021, an improvement from a net outflow of ¥2.86 billion in the same period of 2020[29] - The company’s cash inflow from financing activities for the first three quarters of 2021 was approximately ¥10.03 billion, compared to ¥7.16 billion in the same period of 2020, reflecting a growth of 40.5%[29] - The company’s cash outflow for financing activities was approximately ¥8.73 billion in the first three quarters of 2021, compared to ¥5.46 billion in the same period of 2020, indicating an increase of 59.5%[31] Operational Metrics - The weighted average return on equity for Q3 2021 was 2.28%, a decrease of 0.64 percentage points year-on-year[9] - The company reported a basic earnings per share of ¥0.18919 for Q3 2021, down 15.83% year-on-year[9] - The company’s diluted earnings per share for the first three quarters of 2021 was ¥0.55877, slightly down from ¥0.58297 in the same period of 2020[27] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥61,363,307.58, up from ¥37,191,182.98 in the same period of 2020, indicating a growth of approximately 65%[25] Government Subsidies - The company received government subsidies amounting to ¥2,727,779.17 during the reporting period[9] Accounts Receivable and Current Assets - Accounts receivable increased to ¥2,466,078,287.14 as of September 30, 2021, up from ¥1,455,282,565.18 at the end of 2020, reflecting a growth of approximately 69%[20] - Current assets totaled ¥5,896,813,855.23 as of September 30, 2021, compared to ¥4,968,377,256.58 at the end of 2020, marking an increase of about 19%[20] Borrowings - Long-term borrowings rose to ¥6,627,927,134.57 in Q3 2021, compared to ¥5,034,132,950.39 in Q4 2020, reflecting an increase of about 32%[23] - Long-term borrowings were recorded at $5.03 billion, contributing to the overall debt structure[34] Intangible Assets - The company reported intangible assets of approximately $8.28 billion and goodwill of $39.53 million[34]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥3,834,413,285.27, representing a 100.50% increase compared to ¥1,912,414,129.07 in the same period last year[19]. - Net profit attributable to shareholders of the listed company was ¥414,619,703.67, an increase of 25.66% from ¥329,964,284.83 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥408,887,646.83, up 25.23% from ¥326,502,214.49 year-on-year[19]. - The net cash flow from operating activities was ¥429,846,053.52, reflecting a 26.46% increase compared to ¥339,910,155.12 in the same period last year[19]. - Basic earnings per share for the reporting period (January to June) increased to 0.36958 CNY, up 2.31% from 0.36124 CNY in the same period last year[20]. - Diluted earnings per share rose to 0.36958 CNY, reflecting a 14.82% increase from 0.32187 CNY year-over-year[20]. - The company's operating profit for the first half of 2021 was RMB 604,680,846.08, compared to RMB 455,737,646.62 in the same period of 2020, indicating a growth of approximately 32.6%[173]. - The total profit for the first half of 2021 was RMB 607,052,447.62, compared to RMB 456,715,721.90 in the previous year, reflecting an increase of approximately 32.8%[173]. - The company's total comprehensive income for the first half of 2021 was RMB 530,405,419.40, compared to RMB 395,540,995.36 in the same period of 2020, an increase of about 34%[176]. Assets and Liabilities - Total assets amounted to ¥28,950,114,197.41, which is a 6.99% increase from ¥27,057,450,816.75 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥9,571,170,383.59, a 3.45% increase from ¥9,251,908,656.08 at the end of the previous year[19]. - The total current assets as of June 30, 2021, amounted to RMB 5,498,719,129.20, an increase from RMB 4,968,377,256.58 at the end of 2020, reflecting a growth of approximately 10.6%[160]. - The non-current assets totaled RMB 23,451,395,068.21 as of June 30, 2021, compared to RMB 22,089,073,560.17 at the end of 2020, indicating an increase of about 6.2%[160]. - The total liabilities reached ¥17,400,805,086.23, compared to ¥15,952,179,148.81, marking an increase of around 9%[163]. - Current liabilities rose to ¥9,884,095,940.39, up from ¥9,240,011,159.35, indicating an increase of about 7%[163]. - Long-term borrowings increased to ¥5,753,491,625.78 from ¥5,034,132,950.39, reflecting a growth of approximately 14%[163]. Operational Highlights - The company operates 27 waste incineration power generation projects across various cities, enhancing its capacity for waste management[28]. - The company has invested in 4 municipal wastewater treatment projects, further expanding its environmental service offerings[29]. - The company operates 22 waste incineration projects, processing 4.3293 million tons of waste, a year-on-year increase of 27.70%[57]. - The electricity generated from waste incineration reached 1,349.9948 million kWh, a year-on-year increase of 30.89%[57]. - The company operated 4 sewage treatment plants, processing a total of 204.6181 million tons of sewage, with an average daily processing capacity of 1.1305 million tons, remaining stable compared to the previous year[57]. Research and Development - Research and development expenses increased by 64.94% to approximately ¥40.12 million, driven by increased spending on projects by subsidiaries[66]. - The company is advancing 20 research projects in hazardous waste management, including significant national projects aimed at resource recovery[66]. - The company has been awarded multiple accolades, including the Shanghai Excellent Survey Achievement Award, highlighting its commitment to innovation and excellence in environmental services[63]. Environmental Responsibility - The company emphasizes environmental protection as a key component of its sustainable development strategy[115]. - The company actively responds to national "carbon peak" and "carbon neutrality" strategies, outlining future work plans for carbon reduction projects[117]. - The company has established effective pollution control facilities that operate in compliance with environmental regulations[109]. - The company has developed emergency response plans for environmental incidents[111]. - The company has implemented self-monitoring schemes for pollution sources to ensure compliance with discharge standards[114]. Risks and Challenges - The company is subject to industry policy risks, which may impact its market environment and development space if national policies change[82]. - Rising operational costs due to stricter environmental regulations and increased material and labor costs may impact profitability[88]. - The company faces operational risks due to regional concentration, which may affect performance if local policies fluctuate[87]. - The company must adapt to potential changes in subsidy policies for waste-to-energy projects, which could adversely affect cash flow and profitability[82]. Shareholder Information - The total number of shares post-capital reserve transfer is expected to increase to a minimum of 1,405,087,768 shares, with a minimum of 702,543,884 shares being distributed to shareholders[126]. - The largest shareholder, Shanghai Urban Investment (Group) Co., Ltd., held 46.50% of the shares, totaling 521,630,979 shares[143]. - The total equity attributable to the parent company increased to CNY 9,571,170,383.59, up from CNY 9,251,908,656.08, reflecting a growth of approximately 3.5%[196].