1 证券代码：601330 证券简称：绿色动力 绿色动力环保集团股份有限公司 投资者关系活动记录表 | --- | --- | |------------|---------------------------------------------------------------------------------------------| | | | | 投资者关系 | | | 活动类别 | 分析师电话会议 | | 参与单位名 | | | 称及人员姓 | 参与单位名称详见附件 | | 名 | | | 时间 | 2022 年 3 月 30 日 -4 月 29 日 | | 地点 | 电话会议 | | 上市公司接 | 副总经理兼董事会秘书：朱曙光 财务总监：易智勇 | | 待人员姓名 | 证券事务代表：李剑 会议主要问题及回复如下： | | | | | | 一、公司从 2021 年开始确认建造收入，请问建造期的 毛利率是怎么确认的？在未来将怎么变化？ | | 投资者关系 | 答：建造收入的毛利率是参考第三方机构评估结果确 | | 活动主要内 | 认，评估思路是取行业内建造业务的平均毛利率，后续 | | 容介绍 ...

证券代码：601330 证券简称：绿色动力 绿色动力环保集团股份有限公司 投资者关系活动记录表 | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------------------| | | | | 投资者关系活 动类别 | 分析师电话会议 | | 参与单位名称 及人员姓名 | 参与单位名称详见附件 | | 时间 | 2022 年 6 月 29 日、 30 日 | | 地点 | 电话会议 | | 上市公司接待 人员姓名 | 副总经理兼董事会秘书：朱曙光 证券事务代表：李剑 | | | 会议主要问题及回复如下： | | | 1 、公司一季度生产经营情况简要介绍。 答：公司 2022 年一季度生产经营比较稳定，垃圾处 | | 投资者关系活 | 理量及上网电量持续增长。一季度垃圾处理量大约为 270 万吨，同比增长 13.74% ，上网电量 8.6 亿度，同 | | 动主要内容介 | 比增长 13.45% ， ...

1 证券代码：601330 证券简称：绿色动力 绿色动力环保集团股份有限公司 投资者关系活动记录表 | --- | --- | |------------|-----------------------------------------------------------| | | | | 投资者关系 | | | 活动类别 | 分析师电话会议 | | 参与单位名 | | | 称及人员姓 | 参与单位名称详见附件 | | 名 | | | 时间 | 2022 年 5 月 11 日 -5 月 31 日 | | 地点 | 电话会议 | | 上市公司接 | 副总经理兼董事会秘书：朱曙光 证券事务代表：李剑 | | 待人员姓名 | | | | 会议主要问题及回复如下： | | | 1 、公司一季度生产经营情况简要介绍。 | | | 答：公司 2022 年一季度生产经营比较稳定，垃圾处理 | | 投资者关系 | 量及上网电量持续增长。一季度垃圾处理量大约为 270 | | 活动主要内 | 万吨，同比增长 13.74% ，上网电量 8.6 亿度，同比增长 | | 容介绍 | 13.45% ，吨垃圾上网电量 320 度 / ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,104,978,951.60, a decrease of 18.30% compared to the same period last year[9]. - Net profit attributable to shareholders for Q3 2022 was CNY 174,086,855.58, down 34.80% year-on-year[9]. - Basic earnings per share for Q3 2022 was CNY 0.12, reflecting a decline of 40.00% compared to the previous year[9]. - Total operating revenue for the first three quarters of 2022 was approximately CNY 3.37 billion, a decrease of 12.7% compared to CNY 3.86 billion in the same period of 2021[35]. - Net profit for the first three quarters of 2022 was approximately CNY 616.76 million, a decline of 16.7% from CNY 740.24 million in the same period of 2021[35]. - The company reported a total comprehensive income of approximately CNY 594.28 million, a decrease of 20.3% from CNY 745.19 million year-over-year[38]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to CNY 22,526,898,461.48, an increase of 11.44% from the end of the previous year[9]. - The company's current assets totaled RMB 4,266,356,785.02, up from RMB 3,224,430,049.99 in the previous year, indicating a year-over-year increase of about 32.36%[29]. - The company's total liabilities reached RMB 14,882,990,484.83, which is an increase from RMB 13,296,884,507.65, marking a growth of about 11.97%[31]. - The company's long-term assets totaled RMB 18,260,541,676.46, an increase from RMB 16,990,035,968.98, representing a growth of approximately 7.51%[29]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 45.59% to CNY 436,098,595.78[14]. - Cash flow from operating activities generated a net amount of approximately CNY 436.10 million, an increase of 45.6% compared to CNY 299.54 million in the previous year[38]. - Cash flow from investing activities resulted in a net outflow of approximately CNY 847.87 million, an improvement from a net outflow of CNY 1.27 billion in the same period last year[40]. - Cash flow from financing activities generated a net inflow of approximately CNY 1.06 billion, compared to a net inflow of CNY 407.18 million in the previous year[40]. Equity - The total equity attributable to shareholders at the end of Q3 2022 was CNY 7,174,521,141.87, up 9.90% from the previous year[9]. - The total equity attributable to shareholders was RMB 7,174,521,141.87, up from RMB 6,528,089,590.66, representing an increase of approximately 9.87%[31]. Expenses and Investments - The company reported a decrease in construction income due to a reduction in the number and scale of ongoing projects, impacting overall profitability[14]. - Research and development expenses increased to approximately CNY 5.29 million, up 62.0% from CNY 3.26 million year-over-year[35]. Other Financial Metrics - The weighted average return on equity decreased by 1.69 percentage points to 2.46% for Q3 2022[9]. - Non-recurring gains and losses for Q3 2022 totaled CNY 2,493,051.05, with government subsidies contributing CNY 2,565,498.73[13]. - The company has seen an increase in cash received from sales and services, attributed to a reduction in ongoing project expenditures[14]. - The company's inventory increased to RMB 53,550,256.19 from RMB 43,491,074.67, reflecting a growth of about 23.67%[29]. - The company issued 23.6 million A-share convertible bonds with an initial conversion price of RMB 9.82 per share, which was adjusted to RMB 9.72 per share as of July 21, 2022[24]. - The company's short-term borrowings decreased to RMB 678,111,097.59 from RMB 1,248,797,640.41, showing a reduction of approximately 45.70%[31]. - The cash and cash equivalents stood at RMB 1,611,140,826.80, compared to RMB 966,741,308.85 in the previous year, reflecting a significant increase of approximately 66.67%[29].

Financial Performance - Total operating revenue for the reporting period was RMB 1,104,978,951.60, a decrease of 18.30% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was RMB 174,086,855.58, down 34.80% year-on-year[5] - Basic earnings per share for the reporting period was RMB 0.12, a decrease of 40.00% compared to the same period last year[8] - Total revenue for the first three quarters of 2022 was CNY 3,367,525,363.23, a decrease of 12.7% compared to CNY 3,858,555,185.67 in the same period of 2021[20] - Net profit attributable to shareholders for the first three quarters of 2022 was CNY 590,625,389.46, a decrease of 16.2% from CNY 704,549,291.22 in the same period of 2021[21] - Basic earnings per share for the first three quarters of 2022 were CNY 0.42, down from CNY 0.51 in the same period of 2021[25] - The company reported a comprehensive income total of CNY 594,282,064.70 for the first three quarters of 2022, compared to CNY 745,185,176.05 in 2021, indicating a decline of 20.3%[25] Cash Flow and Liquidity - The net cash flow from operating activities increased by 45.59% to RMB 436,098,595.78[8] - In the first three quarters of 2022, the company's operating cash inflow was approximately CNY 2.08 billion, an increase of 4.0% compared to CNY 1.99 billion in the same period of 2021[28] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 436.1 million, up 45.6% from CNY 299.5 million in the same period of 2021[28] - The net cash flow from investment activities in the first three quarters of 2022 was negative CNY 847.9 million, an improvement compared to negative CNY 1.27 billion in the same period of 2021[29] - The total cash inflow from financing activities in the first three quarters of 2022 was CNY 4.08 billion, a decrease of 20.7% from CNY 5.14 billion in the same period of 2021[31] - The net cash flow from financing activities for the first three quarters of 2022 was CNY 1.06 billion, compared to CNY 407.2 million in the same period of 2021[31] - The company's cash and cash equivalents at the end of the first three quarters of 2022 amounted to CNY 1.61 billion, an increase from CNY 1.03 billion at the end of the same period in 2021[33] - The company experienced a net increase in cash and cash equivalents of CNY 653.2 million in the first three quarters of 2022, compared to a decrease of CNY 563.6 million in the same period of 2021[33] Assets and Liabilities - Total assets at the end of the reporting period were RMB 22,526,898,461.48, an increase of 11.44% compared to the end of the previous year[5] - The total liabilities as of September 30, 2022, amounted to CNY 14,882,990,484.83, an increase of 11.9% from CNY 13,296,884,507.65 at the end of 2021[22] - The total equity attributable to shareholders as of September 30, 2022, was CNY 7,643,907,976.65, up from CNY 6,917,581,511.32 at the end of 2021, reflecting an increase of 10.5%[22] - The company's intangible assets rose to RMB 10,695,361,712.65 from RMB 9,546,803,985.25 year-over-year[14] - Accounts receivable increased to RMB 1,936,019,333.32 from RMB 1,530,086,535.20 year-over-year[14] Shareholder Information - The top shareholder, Beijing State-owned Assets Management Co., Ltd., holds 594,085,618 shares, accounting for 42.63% of the total shares[9] - HKSCC Nominees Limited is the second-largest shareholder with 379,447,000 shares, representing 27.23%[9] - The total number of ordinary shareholders at the end of the reporting period is 56,708[10] - The total number of shares held by the top ten shareholders is significant, indicating concentrated ownership[11] Operational Insights - The number and scale of construction projects decreased compared to the same period last year, leading to a decline in construction revenue[8] - The company experienced an increase in operating expenses due to major repairs on operational projects, affecting gross profit margins[8] - The company did not report any significant new product or technology developments during the quarter[5] - There were no updates on market expansion or mergers and acquisitions in the current reporting period[5] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 5,292,398.51, an increase from CNY 3,261,651.00 in the same period of 2021, showing a growth of 62.1%[20] Convertible Bonds - The company issued 23.6 million A-share convertible bonds with an initial conversion price of RMB 9.82 per share, adjusted to RMB 9.72 per share after a dividend distribution[12] - The company decided not to adjust the conversion price of the convertible bonds despite triggering downward adjustment clauses[12]

Financial Reporting and Compliance - The company reported a half-year financial report prepared in accordance with Chinese accounting standards, which has not been audited[7]. - The board of directors confirmed the authenticity, accuracy, and completeness of the semi-annual report, with no significant omissions or misleading statements[6]. - The report complies with all disclosure requirements set by the Shanghai Stock Exchange and Hong Kong Stock Exchange[7]. - The financial report uses Renminbi as the accounting currency[7]. - The company has established an audit and risk management committee to review the report[6]. - The report indicates that there are no violations of decision-making procedures for providing guarantees[6]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[6]. Revenue and Profitability - The company reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-over-year increase of 15%[14]. - The company's operating revenue for the first half of the year was CNY 2,262,546,411.63, a decrease of 9.72% compared to CNY 2,506,023,079.65 in the same period last year[22]. - Net profit attributable to shareholders was CNY 416,538,533.88, down 4.80% from CNY 437,535,990.24 year-on-year[22]. - Basic earnings per share for the first half of the year were CNY 0.30, a decrease of 3.23% from CNY 0.31 in the same period last year[23]. - The total comprehensive income attributable to the shareholders of the parent company was RMB 394,064,460.90, a decrease from RMB 443,023,223.16 in the same period last year, primarily due to a reduction in net profit[63]. Cash Flow and Financial Position - The net cash flow from operating activities increased by 58.01% to CNY 274,831,745.69, compared to CNY 173,930,780.07 in the previous year[22]. - The company's cash and cash equivalents increased by 96.15% to RMB 1,896,310,221.84, primarily due to cash received from convertible bonds[51]. - The total liabilities increased to RMB 14.99 billion from RMB 13.30 billion, primarily due to the issuance of new bonds[133]. - The company's debt-to-asset ratio was 66.77% as of June 30, 2022, which is higher than the industry average, indicating potential financial risk[83]. - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 7,148.64 million, which accounted for 102.12% of the company's net assets[112]. Operational Performance and Growth - User data indicated that the number of operational waste-to-energy projects increased to 25, up from 22 in the previous year, reflecting a growth rate of 13.6%[13]. - The company expects a revenue growth of 20% for the second half of 2022, driven by new project launches and market expansion initiatives[14]. - The operational efficiency of existing plants improved by 12% due to the implementation of new management practices and technologies[14]. - The company has set a target to reduce operational costs by 5% through improved supply chain management and resource optimization[14]. - The company is expanding its market presence in southern China, targeting an increase in market share by 10% by the end of 2023[14]. Environmental Compliance and Risks - The company is subject to significant regulatory risks due to environmental policies affecting the waste-to-energy industry, which may impact profitability and cash flow[77]. - The company will strictly adhere to environmental standards and publicly disclose emission data to improve community understanding of waste-to-energy operations[80]. - The company has implemented a comprehensive air pollution control process, including SNCR and SCR technologies, to ensure emissions meet regulatory standards[94]. - The company has received environmental impact assessments for its projects, with approvals from relevant environmental authorities[95]. - The company emphasizes environmental compliance and has implemented measures to mitigate pollution risks during project operations[83]. Research and Development - New product development includes the introduction of advanced waste treatment technologies, which are projected to enhance operational efficiency by 30%[14]. - Research and development expenses increased by 70.88% to approximately RMB 4.02 million, reflecting a commitment to enhancing core competencies through innovation[48][49]. - The company has a total of 68 patents granted as of June 2022, including 17 invention patents, reflecting ongoing advancements in technology[45]. Corporate Governance and Shareholder Information - The company is committed to maintaining high standards of corporate governance and has adhered to the corporate governance code during the reporting period[88]. - The total number of shareholders as of the end of the reporting period was 60,830[116]. - The largest shareholder, Beijing State-owned Assets Management Co., Ltd., held 594,085,618 shares, representing 42.63% of the total shares[117]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[122]. - The company has established a competition avoidance agreement with Beijing Guozi Company to prevent competition in core business areas[110].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[2]. - The company reported a significant increase in revenue, reaching RMB 1.5 billion, representing a 25% year-over-year growth[18]. - The company expects to achieve a revenue target of RMB 2 billion for the next fiscal year, indicating a projected growth of 33%[20]. - The company reported a total revenue of RMB 2,262,546,411.63, a decrease of 9.72% compared to RMB 2,506,023,079.65 in the same period last year, primarily due to delays in project construction caused by the COVID-19 pandemic[63]. - The company's operating revenue for the first half of 2022 was RMB 2,262,546,411.63, a decrease of 9.7% compared to RMB 2,506,023,079.65 in the same period of 2021[176]. - The net profit attributable to shareholders was CNY 437,535,990.24, down 4.80% year-on-year[7]. - The net profit attributable to shareholders of the parent company for the first half of 2022 was RMB 416,538,533.88, down from RMB 437,535,990.24 in the first half of 2021, representing a decrease of 4.6%[177]. - The total comprehensive income for the first half of 2022 was RMB 413,424,932.46, compared to RMB 466,313,447.54 in the same period of 2021, showing a decrease of 11.3%[177]. - The company's total equity as of June 30, 2022, was RMB 7,460,455,400.46, an increase from RMB 6,627,571,296.04 at the end of June 2021[191]. User and Market Growth - User data indicates a growth in active users by 20%, reaching 5 million users by the end of June 2022[2]. - New product launches are anticipated to contribute an additional RMB 300 million in revenue by the end of 2022[2]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[2]. - Market expansion plans include entering three new provinces, aiming to increase market share by 20% in the next two years[22]. - The company is exploring potential acquisitions to enhance its service portfolio, targeting a 10% increase in operational capacity through strategic mergers[23]. Research and Development - Research and development expenses increased by 30%, totaling RMB 150 million, focusing on sustainable technologies[2]. - New product development includes the launch of a state-of-the-art waste treatment technology, expected to reduce processing costs by 15%[21]. - The company's research and development expenses for the first half of 2022 were RMB 4,020,489.95, up from RMB 2,352,833.32 in the same period of 2021, indicating an increase of 70.8%[176]. Operational Efficiency - The company reported a 10% reduction in operational costs due to improved waste management processes implemented in the last quarter[19]. - The company plans to enhance its digital infrastructure, investing RMB 50 million in technology upgrades to improve operational efficiency[18]. - The company is focused on improving operational management and technology development to counteract rising environmental costs[86]. Financial Position and Cash Flow - The net cash flow from operating activities increased by 58.01% to CNY 173,930,780.07[7]. - The company's cash and cash equivalents increased significantly to RMB 1.90 billion, compared to RMB 966.74 million at the end of 2021, representing a growth of 96.06%[170]. - The total cash inflow from financing activities was RMB 3,816,783,876.25, up from RMB 2,923,557,789.01 in the first half of 2021, reflecting a growth of about 30.6%[184]. - The net cash flow from financing activities was RMB 1,443,569,262.51, compared to RMB 66,458,398.70 in the same period of the previous year, indicating a strong financing position[188]. Environmental Compliance and Risks - The company is subject to strict environmental regulations, which may increase operational costs and impact profitability due to rising environmental investment[86]. - The company faces risks related to the stability of waste supply and calorific value, which can affect operational efficiency and profitability[91]. - The company is actively monitoring policy changes that could impact its profitability and cash flow, particularly regarding renewable energy subsidies[85][89]. - The company is committed to maintaining compliance with environmental standards to mitigate risks associated with public perception and regulatory scrutiny[90][95]. Corporate Governance and Shareholder Information - The company has adhered to the corporate governance code as required by the stock exchange[101]. - The company has not distributed profits or increased capital reserves during the reporting period[100]. - The top shareholder, Beijing State-owned Assets Management Company, holds 594,085,618 shares, representing 42.63% of the total share capital[151]. - The company has a total of 60,830 common shareholders as of the end of the reporting period[145]. Project Development and Construction - The company operates 31 projects in the waste-to-energy sector with a waste processing capacity of 34,000 tons per day and an installed capacity of 699.5 MW[30]. - The company has 6 projects under construction, expanding its operational footprint in the waste-to-energy market[30]. - The company completed 93% of the construction for the Huludao waste-to-energy project and 92% for the Shuozhou project as of June 30, 2022[48]. Debt and Financing - The company issued 23.60 million A-share convertible bonds at a total face value of RMB 2.36 billion, raising net proceeds of RMB 2.345 billion[78]. - The company's debt as of June 30, 2022, was approximately RMB 10,168,131,826.80, a decrease of RMB 550,100,412.71 from RMB 10,718,232,239.51 at the end of 2021[75]. - The asset-liability ratio increased from 65.78% at the end of 2021 to 66.77% as of June 30, 2022, primarily due to the issuance of convertible bonds[71]. Awards and Recognition - The company has been recognized as one of the "Top Ten Influential Enterprises in Solid Waste" for twelve consecutive years, showcasing its extensive industry experience[36]. - The company has received multiple awards for its projects, including the "National Quality Engineering Award" and "Luban Award," reflecting its commitment to high-quality environmental technology[38].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,105,078,853.31, representing a decrease of 5.02% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was CNY 180,883,631.36, down 13.63% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 178,642,358.15, a decrease of 13.90% compared to the previous year[6]. - The basic earnings per share for the period was CNY 0.13, down 13.33% compared to the same period last year[9]. - Total comprehensive income attributable to the parent company was CNY 184,919,979.30, a decrease from CNY 207,428,041.93 in the previous year[27]. - Basic and diluted earnings per share were both CNY 0.13, down from CNY 0.15 year-over-year[27]. - The net profit for Q1 2022 was ¥191,055,790.68, compared to ¥219,312,373.67 in Q1 2021, reflecting a decrease of around 12.8%[25]. - The company's total comprehensive income for Q1 2022 was -¥13,744,562.62, an improvement from -¥18,615,532.06 in Q1 2021[35]. Cash Flow - The net cash flow from operating activities increased significantly by 296.70%, amounting to CNY 83,324,684.86[6]. - Net cash flow from operating activities increased to CNY 83,324,684.86, compared to CNY 21,004,668.68 in the same period last year[27]. - The net cash flow from operating activities for Q1 2022 was -¥38,045,883.16, slightly improved from -¥40,764,708.65 in Q1 2021[38]. - Net cash flow from financing activities was CNY 2,365,534,604.95, significantly higher than CNY 8,564,601.85 in the previous year[29]. - Total cash inflow from financing activities in Q1 2022 was ¥2,485,000,000.00, a substantial increase from ¥150,000,000.00 in Q1 2021[38]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 22,725,983,922.38, an increase of 12.42% from the end of the previous year[9]. - Total assets as of March 31, 2022, amounted to ¥22,725,983,922.38, up from ¥20,214,466,018.97 at the end of 2021, representing an increase of about 12.5%[22]. - Total liabilities reached ¥15,394,541,481.66 as of March 31, 2022, compared to ¥13,296,884,507.65 at the end of 2021, indicating a growth of approximately 15.8%[22]. - Total liabilities increased to CNY 5,423,608,858.00 from CNY 3,504,009,605.64 year-over-year[32]. - The total equity attributable to shareholders increased to ¥6,930,578,360.74 as of March 31, 2022, compared to ¥6,528,089,590.66 at the end of 2021, representing a growth of approximately 6.1%[22]. Investments and Expenses - Research and development expenses increased to ¥2,844,871.02 in Q1 2022 from ¥1,076,887.72 in Q1 2021, marking a significant rise of approximately 163.5%[25]. - The company’s financial expenses rose to ¥130,733,129.87 in Q1 2022 from ¥101,139,052.42 in Q1 2021, an increase of about 29.2%[25]. - The company reported a net cash outflow from investing activities of CNY -421,069,968.46, compared to CNY -518,012,481.08 in the same period last year[29]. - The company reported a total cash outflow from investing activities of ¥395,021,885.76 in Q1 2022, compared to ¥381,802,477.18 in Q1 2021[38]. Shareholder Information - The company reported a total of 64,619 common shareholders at the end of the reporting period[14]. - The company issued 23.6 million convertible bonds with a total value of CNY 2.36 billion, which began trading on March 23, 2022[17].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 1,105,078,853.31, a decrease of 5.02% compared to the same period last year[5]. - Net profit attributable to shareholders was RMB 180,883,631.36, down 13.63% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 178,642,358.15, a decrease of 13.90% compared to the previous year[5]. - The basic earnings per share were RMB 0.13, reflecting a decrease of 13.33% year-on-year[5]. - The weighted average return on net assets was 2.70%, a decrease of 0.68 percentage points compared to the previous year[5]. - Total revenue for Q1 2022 was CNY 1,105,078,853.31, a decrease of 5.0% from CNY 1,163,496,483.27 in Q1 2021[23]. - Net profit attributable to shareholders of the parent company for Q1 2022 was CNY 180,883,631.36, compared to CNY 209,434,657.22 in Q1 2021, indicating a decline of 13.6%[25]. - Basic earnings per share for Q1 2022 were CNY 0.13, down from CNY 0.15 in Q1 2021, reflecting the decline in net profit[29]. - The net loss for Q1 2022 was RMB 13,744,562.62, an improvement from a net loss of RMB 18,615,532.06 in Q1 2021, indicating a reduction in losses by approximately 26.5%[47]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 296.70%, amounting to RMB 83,324,684.86[5]. - Operating cash inflow for Q1 2022 was CNY 618,686,640.32, a decrease of 1.66% from CNY 627,729,596.13 in Q1 2021[32]. - Net cash flow from operating activities for Q1 2022 was CNY 83,324,684.86, significantly up from CNY 21,004,668.68 in Q1 2021, representing a year-over-year increase of 296.4%[32]. - Cash inflow from financing activities in Q1 2022 totaled CNY 2,924,971,450.84, compared to CNY 552,774,929.14 in Q1 2021, indicating a substantial increase[34]. - Net cash flow from financing activities for Q1 2022 was CNY 2,365,534,604.95, a significant rise from CNY 8,564,601.85 in Q1 2021[36]. - The company reported a net cash increase of CNY 2,027,797,956.44 in Q1 2022, contrasting with a net decrease of CNY 488,449,757.98 in Q1 2021[36]. - Cash and cash equivalents at the end of Q1 2022 were CNY 2,982,587,911.79, compared to CNY 1,104,518,281.88 at the end of Q1 2021, reflecting a significant increase[36]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 22,725,983,922.38, representing a 12.42% increase from the end of the previous year[6]. - The company's current assets reached RMB 5,392,367,398.57 as of March 31, 2022, compared to RMB 3,224,430,049.99 at the end of 2021, indicating a significant increase of about 67.3%[15]. - The total assets of the company as of March 31, 2022, amounted to RMB 22,725,983,922.38, an increase from RMB 20,214,466,018.97 as of December 31, 2021, reflecting a growth of approximately 12.5%[18]. - Total liabilities increased to CNY 15,394,541,481.66 as of March 31, 2022, from CNY 13,296,884,507.65 at the end of 2021, representing a growth of 15.8%[21]. - The total assets and liabilities as of March 31, 2022, were RMB 9,777,310,107.26, compared to RMB 7,653,886,626.74 as of December 31, 2021, showing an increase of approximately 27.8%[42]. - Total current liabilities as of March 31, 2022, were CNY 1,617,523,396.02, down from CNY 1,811,342,366.71 as of December 31, 2021[40]. - Long-term borrowings as of March 31, 2022, were CNY 1,670,385,415.50, slightly decreased from CNY 1,690,869,071.73 as of December 31, 2021[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,619[10]. - The largest shareholder, Beijing State-owned Assets Management Co., Ltd., holds 42.63% of the shares, totaling 594,085,618 shares[12]. - The total number of shareholders with unlimited sale conditions is 10, with the top ten shareholders holding a significant portion of the company's equity[12]. Research and Development - The company reported a decrease in research and development expenses to CNY 2,844,871.02 in Q1 2022 from CNY 1,076,887.72 in Q1 2021, indicating a potential shift in focus or budget allocation[23]. - Research and development expenses in Q1 2022 amounted to RMB 2,844,871.02, up from RMB 1,076,887.72 in Q1 2021, marking an increase of about 163%[44]. Other Financial Metrics - The company reported non-recurring gains of RMB 2,241,273.21 during the period[7]. - Other comprehensive income for Q1 2022 was CNY 4,036,347.94, compared to a loss of CNY 2,006,615.29 in Q1 2021, showing an improvement in this area[28]. - The financial expenses for Q1 2022 were RMB 38,680,418.48, compared to RMB 30,384,788.36 in Q1 2021, indicating an increase of approximately 27%[44]. - The company is exploring market expansion opportunities, although specific strategies were not detailed in the financial report[21].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[15]. - The company's operating revenue for 2021 was approximately ¥5.06 billion, representing a 122.03% increase compared to ¥2.28 billion in 2020[23]. - Net profit attributable to shareholders for 2021 was approximately ¥698 million, an increase of 38.62% from ¥503 million in 2020[23]. - The net cash flow from operating activities for 2021 was approximately ¥515 million, showing a significant increase of 123.84% compared to ¥230 million in 2020[23]. - The total assets at the end of 2021 were approximately ¥20.21 billion, reflecting a 15.87% increase from ¥17.45 billion at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥6.53 billion, an 18.96% increase from ¥5.49 billion at the end of 2020[23]. - Basic earnings per share for 2021 were ¥0.50, up from ¥0.43 in 2020, marking a 16.28% increase[24]. - The company achieved a revenue of RMB 505,688.94 million in 2021, representing a growth of 122.03% year-over-year[35]. - Net profit attributable to shareholders reached RMB 69,778.59 million, an increase of 38.62% compared to the previous year[35]. - The company achieved operating revenue of RMB 5,056,889,425.65, a 122.03% increase compared to RMB 2,277,618,815.00 in the previous year[60]. Operational Highlights - The user data indicates that the company processed approximately 3 million tons of waste in 2021, an increase of 10% compared to the previous year[15]. - The company processed a total of 10.5376 million tons of municipal waste, marking a 17.43% increase year-on-year[31]. - The total electricity generated reached 3,329.1482 million kWh, reflecting a year-on-year growth of 22.10%[31]. - The company expanded its waste treatment capacity by 7,500 tons per day, continuing a trend of adding over 6,000 tons annually for three consecutive years[31]. - The company has successfully developed eight kitchen waste treatment projects, with five projects expanding into steam supply services, achieving a total steam supply of 139,500 tons for the year[31]. - The company has 31 operational waste-to-energy projects with a total waste processing capacity of 34,000 tons per day and an installed capacity of 699.5 MW as of December 31, 2021[47]. Strategic Initiatives - The company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year, driven by new project launches and market expansion[15]. - A strategic acquisition of a waste management firm is anticipated to be completed by Q2 2022, which is expected to add an additional RMB 500 million in annual revenue[15]. - The company plans to invest RMB 200 million in R&D for sustainable waste management solutions over the next two years[15]. - The company has initiated a new strategy focusing on public-private partnerships (PPP) to enhance project funding and execution efficiency[15]. - The company aims to strengthen mergers and acquisitions to leverage capital market advantages for future growth[32]. - The company plans to actively seek investment opportunities to enhance profitability in its daily operations[111]. Governance and Compliance - The audit report issued by KPMG Huazhen LLP was a standard unqualified opinion[4]. - The report complies with the disclosure requirements of the relevant stock exchange rules and has been published in both Chinese and English[7]. - The board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the annual report[4]. - The company has established a robust governance structure comprising the shareholders' meeting, board of directors, supervisory board, and senior management, ensuring compliance with relevant laws and regulations[142]. - The company has adopted the Corporate Governance Code as per the Hong Kong Stock Exchange rules and has complied with its provisions throughout the reporting period[143]. - The company emphasizes compliance with environmental standards and publicly discloses emission data to improve public understanding of waste incineration power generation[123]. Risk Management - The company has detailed risks in the report, which can be found in the "Management Discussion and Analysis" section[6]. - The report includes a forward-looking statement risk disclaimer, indicating that future plans do not constitute a substantive commitment to investors[4]. - The company has established a social stability risk assessment procedure in project approval processes to address public concerns regarding waste incineration power generation[123]. - The company will closely monitor policy changes and adapt its business strategies to maintain stable revenue streams amid potential regulatory impacts[120]. Leadership and Management - The company reported a significant leadership change with Qiao Dewei becoming the chairman on March 31, 2021, after serving as the general manager since April 2012[154]. - The current management team includes experienced professionals with backgrounds in finance and management, such as Hu Shengyong, who served as the financial director until March 30, 2021[156]. - The company has a strategic committee led by Qiao Dewei, focusing on long-term growth and sustainability initiatives[154]. - The management team has extensive experience in various sectors, including investment, sales, and operations, which enhances the company's strategic direction[155]. - The leadership team collectively has over 100 years of experience in the industry, indicating a strong foundation for future growth[162][163][164][165][166]. Shareholder Engagement - The board proposed a final dividend of RMB 0.1 per share for the year ended December 31, 2021, totaling RMB 139.344 million, subject to shareholder approval at the annual general meeting[131]. - The company allows shareholders holding 10% or more of shares to request a special general meeting[178]. - The company emphasizes the protection of shareholder rights by presenting individual resolutions for independent matters at the general meeting[177]. - All resolutions at the 2020 Annual General Meeting and the 2021 Extraordinary General Meetings were passed unanimously, indicating strong shareholder support[146].