投资者可于 2023 年 6 月 2 日(星期五) 至 6 月 8 日(星期四)16:00 前登录上证路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 securities@flowersking.com 进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 花王生态工程股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布 公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成 果、财务状况，公司计划于 2023 年 6 月 9 日下午 15:00-16:00 举行 2022 年度业 绩暨现金分红说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 6 月 9 日下午 15:00-16:00 | 证券代码：603007 | 证券简称：ST 花王 | 公告编 ...

Financial Performance - The company's operating revenue for 2022 was ¥195,754,243.53, representing a 17.77% increase compared to ¥166,221,467.09 in 2021[24] - The net loss attributable to shareholders for 2022 was ¥-227,987,293.86, a 61.54% improvement from a loss of ¥-592,789,279.50 in 2021[24] - The basic earnings per share were RMB -0.68, improving from RMB -1.78 in the previous year[25] - The diluted earnings per share were also RMB -0.68, consistent with the basic earnings per share[25] - The weighted average return on equity was -58.26%, an improvement from -73.47% in the previous year[25] - The company's revenue from the ecological landscape segment reached ¥47,060,333.71, representing a 176.50% increase year-over-year, with a gross margin of 63.49%[52] - The municipal construction segment generated ¥50,626,645.92 in revenue, a 25.50% increase from the previous year, with a gross margin of 18.97%[52] - The water conservancy engineering segment reported revenue of ¥28,890,405.61, an 8.78% increase year-over-year, with a gross margin of 32.79%[52] - The design consulting and assessment segment saw a revenue decline of 16.91% to ¥67,625,004.00, with a gross margin of 12.60%[52] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 92.65% to ¥20,039,352.42 from ¥272,700,273.16 in the previous year[24] - The company reported cash flow from operating activities of RMB -34,150,301.96 in the first quarter[27] - Operating cash inflow decreased by 64.22% to ¥288,288,877.50, mainly due to a reduction in received project payments[62] - Cash inflow from financing activities decreased by 68.14% to ¥73,000,000.00[62] - As of December 31, 2022, the company's current liabilities exceeded current assets by RMB 489.21 million, indicating liquidity issues[143] - The company has overdue short-term loans totaling RMB 245.79 million and has faced judicial freezes on some bank accounts, leaving only RMB 36.32 million in available funds[143] - The company has idle raised funds of RMB 130.31 million that have not been returned, contributing to its liquidity risk[143] Business Strategy and Development - The company aims to expand into new areas such as ecological agriculture and smart landscaping, leveraging its strong brand and industry experience[47] - The company plans to enhance its project planning and operational capabilities to become a leading ecological environment service provider[44] - The company is focusing on upgrading its traditional landscaping business to ecological landscape construction, which may face risks of reduced market share in existing businesses[78] - The company is committed to enhancing management efficiency through organizational restructuring and information technology improvements[75] - The company aims to become the most respected builder and operator of ecological civilization in China, focusing on "big ecology, big health, and big environmental protection" as its strategic core[73] Risk Management - The company has acknowledged the existence of risks that may affect future development, as detailed in the management discussion section[9] - The audit report issued by the accounting firm included a paragraph on significant uncertainties regarding the company's ability to continue as a going concern[5] - The company emphasizes risk control as essential for stable development, implementing cash flow management and project payment incentive measures to ensure operational stability[35] - The company faces risks related to cash flow due to large project investments, long construction cycles, and significant inventory and receivables, which could impact project execution speed and overall business development[79] - The company recognizes the potential risks associated with changes in control due to the restructuring of its major shareholder, Huawang Group, which has pledged all its shares[77] Corporate Governance - The company has established a comprehensive governance structure to protect investor rights and ensure fair information disclosure[128] - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters[85] - The company is committed to improving internal management and preventing non-operating fund occupation by the controlling shareholder[86] - The company has established specialized committees within the board, including Audit, Nomination, Compensation and Assessment, and Strategy Committees[106] - The company has appointed new independent directors, including Zhao Xin and Liu Binhong, to enhance governance[98] Compliance and Legal Matters - The company faced public reprimands from the Shanghai Stock Exchange due to inaccurate financial data disclosure in the 2020 annual report, leading to penalties for several board members[99] - The company received a warning and fines from the Jiangsu Securities Regulatory Bureau on April 3, 2023, for various compliance issues[100] - The company has been involved in major litigation matters that were not disclosed in a timely manner, resulting in warnings for the board secretary[99] Environmental Commitment - The company has not been subject to administrative penalties for environmental issues and is committed to ecological environment construction and protection[126] - The company actively engages in environmental restoration, water governance, and smart landscaping technology research and development[126] - The company emphasizes low carbon and environmental protection, aiming to become a respected builder and operator of ecological civilization in China[126] Employee Management - The company has a structured remuneration policy for its directors and senior management, based on performance and company profitability[97] - The company has implemented a performance-based salary system, linking employee compensation to overall company performance and departmental achievements[113] - The company provides comprehensive training and development programs for employees, enhancing their professional skills and fostering a harmonious corporate atmosphere[129] Shareholder Matters - The company reported a total of 277,200 shares repurchased during the reporting period, with a total pre-tax remuneration of 555.48 million yuan for executives[92] - The company held four shareholder meetings in 2022, with significant resolutions including adjustments to share repurchase prices and financing guarantees for subsidiaries[88] - The company approved the proposal to provide delayed guarantees for its controlling subsidiary[101] Future Outlook - The company anticipates new development opportunities in the ecological landscape industry driven by increased carbon sink demand under the "carbon neutrality" initiative[70] - The company will actively seek new profit growth points in emerging sectors such as ecological restoration and comprehensive professional subcontracting[74] - The company is taking measures to enhance its cash generation capabilities and accelerate project receivables[145]

Financial Performance - The company's operating revenue for Q1 2023 was ¥15,497,546.57, representing a decrease of 65.40% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥24,484,220.40, with a basic and diluted earnings per share of -¥0.07[3]. - The net cash flow from operating activities was -¥22,404,885.00, indicating significant cash flow challenges[3]. - The weighted average return on net assets was -9.22%, reflecting poor financial performance[3]. - The company reported a net loss of CNY 374,244,546.39 for Q1 2023, compared to a net loss of CNY 349,760,325.99 in Q1 2022[12]. - In Q1 2023, the company reported a net loss of CNY 25,796,100.78, compared to a net loss of CNY 18,000,257.04 in Q1 2022, representing an increase in loss of approximately 43.5% year-over-year[14]. - The total comprehensive loss attributable to the parent company was CNY -25,796,100.78 in Q1 2023, compared to CNY -18,000,257.04 in Q1 2022, marking an increase in comprehensive loss of approximately 43.5%[15]. - The company reported a basic and diluted earnings per share of CNY -0.07 in Q1 2023, compared to CNY -0.05 in Q1 2022, indicating a worsening in per-share performance[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,364,037,152.66, down 4.47% from the previous year-end[3]. - Current assets as of March 31, 2023, totaled CNY 1,187,985,883.69, a decrease from CNY 1,295,703,731.11 as of December 31, 2022[10]. - Total assets decreased to CNY 2,364,037,152.66 as of March 31, 2023, from CNY 2,474,624,246.98 at the end of 2022[12]. - Total liabilities decreased to CNY 2,086,381,785.28 as of March 31, 2023, from CNY 2,193,962,325.38 at the end of 2022[12]. - The company’s equity attributable to shareholders decreased to CNY 276,230,472.32 from CNY 277,925,146.16[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,193[7]. - The largest shareholder, Huawang International Construction Group Co., Ltd., held 38.05% of the shares, amounting to 128,745,000 shares, which are currently pledged[7]. Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 46,105,804.67, down from CNY 73,971,177.03 in Q1 2022[13]. - The total operating expenses for Q1 2023 were CNY 81,599,707.44, down from CNY 154,250,177.82 in Q1 2022, reflecting a decrease of approximately 47.2%[17]. - Research and development expenses decreased to CNY 779,223.91 in Q1 2023 from CNY 1,264,830.81 in Q1 2022, reflecting a reduction of approximately 38.3%[14]. - The company incurred financial expenses of CNY 14,089,516.61 in Q1 2023, slightly down from CNY 14,314,884.10 in Q1 2022, showing a decrease of about 1.6%[14]. Cash Flow and Investments - Cash and cash equivalents decreased to CNY 17,737,229.67 from CNY 47,521,800.83[10]. - Cash and cash equivalents at the end of Q1 2023 were CNY 5,987,333.59, a significant decrease from CNY 43,976,671.44 at the end of Q1 2022, representing a decline of about 86.4%[18]. - The company's operating cash flow for Q1 2023 was negative at CNY -22,404,885.00, an improvement from the negative CNY -34,150,301.96 in Q1 2022[17]. - The company’s investment activities resulted in a net cash outflow of CNY -6,291,906.14 in Q1 2023, an improvement from CNY -11,023,018.40 in Q1 2022[17]. Restructuring and Financial Challenges - The company entered a pre-restructuring process due to its controlling shareholder being declared bankrupt, which affected its financing capabilities and project execution[5]. - Non-recurring gains and losses for the period included a government subsidy of ¥95,020.85 and a loss from the disposal of non-current assets of -¥10,846.89[4].

花王生态工程股份有限公司 2022 年第三季度报告 证券代码：603007 证券简称：ST 花王 花王生态工程股份有限公司 2022 年第三季度报告 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法律责任。 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 中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 年同期增减变 | 年初至报告期末 | 年初至报告期末比上年 同期增减变动幅度(%) | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | | | 营业收入 | 64,641,417.75 | 8.84 | 148,177,636.54 | -10.74 | | 归属于上 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥83,536,218.79, a decrease of 21.65% compared to ¥106,616,429.21 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥42,332,954.18, compared to -¥53,278,900.50 in the previous year, indicating an improvement[23]. - The net cash flow from operating activities was -¥12,089,733.81, a significant decline of 112.16% from ¥99,446,758.35 in the same period last year[23]. - The total assets at the end of the reporting period were ¥2,614,555,668.56, down 1.61% from ¥2,657,216,404.91 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 8.39% to ¥463,372,404.21 from ¥505,789,273.92 at the end of the previous year[23]. - The company's operating revenue decreased by 21.65% compared to the same period last year, primarily due to insufficient new orders and the impact of the controlling shareholder entering bankruptcy proceedings[24]. - The net profit attributable to shareholders increased by 20.54% year-on-year, mainly due to improved engineering gross profit and reduced R&D expenses[24]. - The net cash flow from operating activities decreased by 112.16% compared to the same period last year, primarily due to a reduction in received project payments[24]. - The weighted average return on equity decreased by 4.26 percentage points, while the return on equity after deducting non-recurring gains and losses decreased by 5.18 percentage points, attributed to significant losses in the previous year[24]. - The company reported a net profit attributable to shareholders of -59.28 million yuan for the year 2021, with a significant revenue decline of 70.94% year-on-year, totaling 16.62 million yuan[90]. Governance and Compliance - The company is currently undergoing a pre-restructuring process to address issues related to fund occupation by the controlling shareholder[6]. - The company has received a regulatory notice from the Jiangsu Securities Regulatory Bureau regarding governance and internal control issues, which it is actively addressing[6]. - The company emphasizes that the financial report has not been audited, raising concerns about the accuracy and completeness of the information[7]. - The company has established a strict internal control system and is continuously improving its governance structure[6]. - The company has committed to ensuring that no related party transactions with Huawang Group will harm the interests of Huawang and its minority shareholders[81]. - The company has made a commitment to avoid any form of competition with Huawang Group's current and future main business activities[81]. - The company’s board and senior management have committed to ensuring that no unfair benefits are transferred to other entities or individuals[83]. - The company has guaranteed that the issuance of convertible bonds will be fully secured by Huawang Group[83]. Strategic Transformation and Business Development - The company is focusing on a complete ecological industry chain, providing comprehensive services from planning to operation in ecological landscape engineering[28]. - The company has launched multiple large-scale projects across various regions, enhancing its national presence in ecological landscape design[30]. - The strategic transformation includes expanding into municipal greening, ecological restoration, and water conservancy projects, aiming for diversified business development[31]. - The company is positioned to benefit from government policies promoting ecological environment governance and sustainable development, which are expected to drive growth in the ecological landscape industry[34]. - The company is undergoing a strategic transformation from traditional landscaping to ecological construction, which may lead to a short-term decline in overall profitability due to increased competition and reduced market share in existing business areas[58]. - The company is actively participating in landscape design projects and accelerating the implementation of ecological tourism and environmental protection initiatives to enhance overall profitability[58]. Financial Challenges and Risks - The company faces challenges such as high debt levels and tight cash flow, necessitating a focus on core business and potential diversification strategies[35]. - The company is facing financial strain due to the bankruptcy proceedings of its controlling shareholder, impacting its ability to secure financing[48]. - The company faces liquidity risks due to large project investments and long construction cycles, with significant inventory and receivables; it has established long-term strategic partnerships with financial institutions to optimize financing channels[59]. - The management of subsidiaries has become more complex due to the expansion of the company's organizational scale, leading to potential management risks; the company is enhancing oversight and performance evaluation of subsidiaries[60]. - The company is currently in a pre-restructuring phase, with uncertainties regarding the success of the restructuring process, which could impact its asset-liability structure and operational capabilities[64]. - The company has reported ongoing legal disputes and potential debt defaults, which could affect future profitability; it is taking legal measures to protect its rights and manage internal fund allocation[62]. - The company has outstanding bank loans totaling 134.76 million yuan that are overdue, contributing to increased liquidity risk[90]. - The company has experienced an increase in supplier litigation, further complicating its financial situation[179]. Cash Flow and Investment Activities - The company's cash inflow from operating activities for the first half of 2022 was CNY 177,510,449.83, a decrease of 66.66% compared to CNY 531,515,807.75 in the same period of 2021[143]. - The net cash flow from operating activities was negative CNY 12,089,733.81, contrasting with a positive CNY 99,446,758.35 in the first half of 2021[143]. - The total cash outflow from investing activities was CNY 22,733,306.40, an increase of 52.54% from CNY 14,928,285.20 in the previous year[144]. - The net cash flow from investing activities was negative CNY 19,924,669.51, worsening from negative CNY 13,514,680.72 in the first half of 2021[144]. - The cash inflow from financing activities amounted to CNY 70,000,000.00, while cash outflow was CNY 22,645,253.82, resulting in a net cash flow of CNY 47,354,746.18, compared to a negative CNY 203,207,005.16 in the same period last year[144]. - The company aims to enhance cash flow by accelerating the collection of receivables and considering progress payments when accepting new projects[180]. Shareholder and Equity Information - The total number of common shareholders as of the end of the reporting period is 12,926[107]. - The largest shareholder, Huawang International Construction Group Co., Ltd., holds 128,745,000 shares, accounting for 38.62% of the total shares[109]. - The second-largest shareholder, Wu Qun, holds 25,000,000 shares, representing 7.50% of the total shares[109]. - The company has seen a reduction in shares held by major shareholders, with Huawang International Construction Group reducing its holdings by 4,898,000 shares during the reporting period[109]. - The total number of convertible bondholders at the end of the reporting period is 27,290[116]. - The company issued 3.3 million convertible bonds with a total value of 33 million yuan, which began trading on August 18, 2020[115]. - The total amount of convertible bonds before the recent changes was 329,877,000 yuan, which decreased to 329,789,000 yuan after a conversion of 88,000 yuan[119]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[73]. - The company has committed to green building and has undertaken projects such as the Jinjiang Greenway Ecological Section and the Jinshan Sports Forest Park renovation, emphasizing a high-quality green standard system[74]. - The company has engaged in multiple rural revitalization projects, including the construction of beautiful and livable demonstration villages in Qiongjie County, aligning with national policies[75]. - The company has completed various urban infrastructure projects, such as the environmental improvement design project in Ning County and the urban road pedestrian improvement project in Jinniu District[76].

Financial Performance - The company's operating revenue for 2021 was ¥166,221,467.09, a decrease of 70.94% compared to ¥572,030,486.72 in 2020[21]. - The net profit attributable to shareholders of the listed company was -¥592,789,279.50, compared to -¥51,934,060.69 in the previous year[21]. - The company's basic earnings per share for 2021 was -1.78 CNY, a significant decline from -0.15 CNY in 2020[22]. - Net profit attributable to shareholders decreased by 1041.43% year-on-year, primarily due to a 70.94% drop in operating revenue[23]. - The weighted average return on equity fell to -73.47% in 2021, down 68.77 percentage points from 2020[22]. - The company reported a significant decline in gross margin for ecological landscape projects, with a gross margin of -99.48%[47]. - The company's operating revenue decreased by 70.94% to ¥166,221,467.09 compared to ¥572,030,486.72 in the same period last year[43]. - The company's main business revenue and costs decreased by 70.97% and 25.12% respectively compared to the previous year, primarily due to fewer new orders and significant project delays[48]. - The gross profit margin declined significantly, with major projects like the Tangshan Bay tourism project and the Yangzhou Qinzheng cultural industry park reporting reduced income compared to previous confirmations[49]. Cash Flow and Assets - The cash flow from operating activities was ¥272,700,273.16, a significant improvement from -¥130,522,833.01 in 2020[21]. - The net cash flow from operating activities increased by 308.93% year-on-year, attributed to improved collection efforts and delayed supplier payments[24]. - The net cash flow from investment activities improved by 22.05%, attributed to the absence of large external investments during the reporting period[44]. - The net cash flow from financing activities decreased by 255.29%, primarily due to reduced bank loans resulting from the controlling shareholder's weakened guarantee capability[44]. - The company's monetary funds decreased by 68.15% to 54.93 million RMB, primarily due to the repayment of bank loans[60]. - The company reported a significant decrease in trading financial assets, with a current balance of 0.00 and a change of -503,103.99, impacting profits by -24,301.35[71]. - The total assets decreased by 27.74% to ¥2,657,216,404.91 at the end of 2021, down from ¥3,677,482,394.84 at the end of 2020[21]. - The company reported a total of 9,654.79 million RMB in non-operating fund occupation from controlling shareholders, with a provision for bad debts of 4,827.40 million RMB[157]. Operational Challenges - The company faced significant financial challenges, as indicated by the drastic decline in both revenue and net profit[21]. - The company faced challenges in project execution due to a lack of new orders and delays in existing projects, impacting revenue generation[22]. - The company reported a significant increase in impairment provisions for subsidiaries, contributing to a large rise in net losses[23]. - The company faced challenges due to a decrease in new orders and delays in project commencement, impacting revenue generation[44]. - The company has acknowledged the risks associated with its future development in the report[7]. - The company faced risks related to strategic transformation and upgrading, with potential short-term declines in profitability due to increased competition in the ecological construction sector[85]. Management and Governance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The audit report issued by Zhonghui Certified Public Accountants included a reserved opinion, which the company has addressed in detail[5]. - The company has established a transparent performance evaluation and incentive mechanism for its board members and senior management[94]. - The company has established specialized committees within the board, including audit, nomination, compensation, and strategy committees[107]. - The company has a structured approach to evaluating the performance of its directors and senior management, linking compensation to individual contributions and company performance[102]. - The company has made adjustments in its management team, with several directors and independent directors resigning due to personal reasons or strategic arrangements[104]. Strategic Initiatives - The company aims to achieve carbon neutrality through the development of landscaping and ecological restoration projects, aligning with national carbon peak and neutrality goals[37]. - The company is actively integrating industry resources and collaborating with top universities and research institutions to create a full industry chain from planning to operation[38]. - The company is focused on capital operation to improve asset structure and enhance profitability[81]. - The company plans to enhance project collection efforts while managing supplier payments to stabilize operations[24]. - The company is exploring new product development and digital applications in landscape construction, including recycling waste building materials[84]. Shareholder Relations - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and enhancing participation from minority shareholders[91]. - The company maintains independence from its controlling shareholder in business operations, personnel, assets, and finances, ensuring a complete independent business system[91]. - The company has established a diversified investor communication mechanism to ensure effective engagement with shareholders and protect their rights[136]. - The company has a cash dividend policy that mandates at least 10% of distributable profits to be distributed as cash dividends if the company is profitable[116]. Compliance and Internal Control - The company has established a comprehensive internal control management system, including governance, procurement, sales, human resources, and investment management[122]. - The company's internal control audit report for 2021 received a negative opinion from the auditing firm Zhonghui, indicating significant deficiencies in internal controls[123]. - The board of directors has identified the major deficiencies and is actively promoting the implementation of corrective measures to address these issues[125]. - The company emphasizes a commitment to environmental responsibility, promoting a "five transformations" concept in green design, which includes humanization, localization, low carbon, longevity, and intelligence[132].

Financial Performance - The company's operating revenue for Q1 2022 was ¥44,790,389.47, representing a decrease of 24.46% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥17,511,986.17, with a net profit loss excluding non-recurring items of ¥20,421,758.34[3]. - The net cash flow from operating activities was negative at ¥34,150,301.96, a decline of 149.77% year-on-year[3]. - The company reported a decrease in operating income primarily due to the impact of recurring COVID-19 outbreaks affecting construction site operations[5]. - Total revenue for Q1 2022 was CNY 44,790,389.47, a decrease of 24.5% compared to CNY 59,293,587.10 in Q1 2021[13]. - Net loss for Q1 2022 was CNY 18,000,257.04, compared to a net loss of CNY 17,676,402.59 in Q1 2021, indicating a slight increase in losses[14]. - The total comprehensive income for the first quarter of 2022 was -18,000,257.04 CNY, compared to -17,676,402.59 CNY in the same period of 2021[15]. - The company reported a basic and diluted earnings per share of -0.05 CNY for Q1 2022, consistent with the previous year[15]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,627,852,117.58, down 1.11% from the end of the previous year[3]. - The company's total assets decreased to CNY 2,627,852,117.58 from CNY 2,657,216,404.91, reflecting a decline of 1.1%[12]. - Total liabilities decreased to CNY 2,114,307,217.19 from CNY 2,126,291,867.72, a reduction of 0.6%[11]. - The total equity attributable to shareholders decreased to CNY 488,897,907.99 from CNY 505,789,273.92, a decrease of 3.3%[12]. - The company’s contract liabilities increased to CNY 97,777,320.89 from CNY 88,066,425.11, reflecting an increase of 7.7%[11]. Cash Flow - The net cash flow from operating activities was -34,150,301.96 CNY, a significant decline from 68,617,540.23 CNY in Q1 2021[18]. - Cash inflow from operating activities totaled 120,099,875.86 CNY, down from 341,686,299.72 CNY year-over-year[16]. - The net cash flow from investing activities was -11,023,018.40 CNY, compared to -644,068.32 CNY in Q1 2021[18]. - The total cash outflow from financing activities was 18,823,186.44 CNY, a decrease from 273,610,991.23 CNY in the same quarter last year[18]. - The company received 70,000,000.00 CNY from financing activities, while borrowing cash totaled 120,000,000.00 CNY in Q1 2021[18]. - Cash and cash equivalents showed a slight increase in current assets, totaling CNY 1,440,175,521.53, compared to CNY 1,436,340,122.35[12]. - Cash and cash equivalents increased by 6,003,493.20 CNY during the quarter, ending with a balance of 43,976,671.44 CNY[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,255[6]. - The largest shareholder, Huawang International Construction Group Co., Ltd., held 39.81% of the shares, totaling 133,643,000 shares, which are currently frozen[7]. Research and Development - Research and development expenses for Q1 2022 were CNY 1,264,830.81, significantly lower than CNY 6,087,204.97 in Q1 2021, indicating a reduction of 79.2%[13]. - The company did not report any new product developments or market expansion strategies during this quarter[9]. Gains and Losses - Non-recurring gains included a debt restructuring gain of ¥1,705,679.00 and a non-current asset disposal gain of ¥1,128,026.44[4]. - The company reported an investment income of CNY 6,242,988.53, down from CNY 14,256,147.19 in the previous year, a decline of 56.2%[14]. - Total operating costs for Q1 2022 were CNY 73,971,177.03, down 22.0% from CNY 94,814,018.95 in Q1 2021[13]. - The company reported a decrease in cash received from sales of goods and services, totaling 110,758,715.98 CNY compared to 301,846,994.78 CNY in Q1 2021[16]. - The company paid 67,861,160.32 CNY for goods and services, down from 119,160,617.50 CNY in the previous year[18].

Financial Performance - The company's operating revenue for 2021 was ¥166,221,467.09, a decrease of 70.94% compared to ¥572,030,486.72 in 2020[22] - The net profit attributable to shareholders of the listed company was -¥592,789,279.50, compared to -¥51,934,060.69 in the previous year[22] - The net cash flow from operating activities was ¥272,700,273.16, a significant improvement from -¥130,522,833.01 in 2020[22] - Total assets decreased by 27.74% to ¥2,657,216,404.91 at the end of 2021, down from ¥3,677,482,394.84 at the end of 2020[22] - The company's net assets attributable to shareholders decreased by 54.24% to ¥505,789,273.92 at the end of 2021, compared to ¥1,105,383,101.14 at the end of 2020[22] - The company's revenue decreased by 70.94% compared to the same period last year, primarily due to fewer new orders and delays in project execution[23] - The net profit attributable to shareholders decreased by 1041.43% year-on-year, largely due to the decline in revenue and fixed costs not decreasing proportionately[24] - Basic and diluted earnings per share were both -1.78 yuan, reflecting a significant decline from the previous year[23] - The weighted average return on equity dropped to -73.47%, a decrease of 68.77 percentage points year-on-year[23] Cash Flow and Financing - The net cash flow from operating activities increased by 308.93% compared to the previous year, attributed to improved collection efforts and delayed payments to suppliers[25] - The company reported a significant reduction in bank loans, which impacted its operational capacity and project execution[23] - The net cash flow from investment activities improved by 22.05%, reflecting no significant external investments during the reporting period[42] - The net cash flow from financing activities decreased by 255.29% to -¥306,322,799.60, due to reduced bank loans linked to the controlling shareholder's weakened guarantee capacity[42] - The company’s cash and cash equivalents decreased by 68.15% to approximately 54.93 million, primarily due to repayment of bank loans[59] - The company reported overdue bank loans totaling 134.76 million RMB, with available cash balances of only 10.29 million RMB, indicating liquidity risks[150] Operational Challenges - The company faced significant financial challenges, as indicated by the substantial losses reported in both net profit and net profit excluding non-recurring gains and losses[22] - The company reported a significant increase in impairment provisions for projects, particularly for the Tangshan Bay tourism project, impacting overall profitability[24] - The company faced challenges in project execution due to the credit decline of its controlling shareholder, affecting cash flow and construction progress[23] - The company reported a significant reduction in new orders, impacting revenue, particularly from the Suiping Kuaiwanghe water environment project due to incomplete site delivery[41] - The company is currently facing challenges in project execution due to uncertainties in specific construction plans from clients, affecting multiple significant contracts[49] Strategic Initiatives - The company is focusing on enhancing project collection efforts to stabilize cash flow amidst declining revenues[25] - The company is actively expanding its water conservancy and hydropower engineering business in Xinjiang, holding 49% of Xinjiang Engineering Company, which is crucial for entering the western market[33] - The company is committed to the carbon neutrality goals set by the government, with plans to increase the proportion of non-fossil energy consumption to around 25% by 2030[36] - The company aims to become a respected builder and operator of ecological civilization in China, focusing on sustainable development and resource integration[37] - The company is diversifying its business layout, including municipal greening, ecological wetland, and ecological restoration, while also expanding into water conservancy and hydropower engineering[39] Governance and Compliance - The audit report issued by Zhonghui Certified Public Accountants included a reserved opinion, highlighting concerns that investors should be aware of[5] - The company has acknowledged the existence of non-operating fund occupation by controlling shareholders and their related parties[8] - The company is committed to addressing the risks outlined in the management discussion and analysis section of the report[10] - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, with a dedicated compensation and assessment committee overseeing the implementation[94] - The company emphasizes the protection of stakeholders' rights, aiming for a win-win situation among shareholders, customers, suppliers, and employees[94] Employee and Management Structure - The total number of employees in the parent company is 196, while the main subsidiaries have 236 employees, resulting in a total of 432 employees[112] - The workforce includes 229 production staff, 27 sales personnel, 79 technical staff, 37 financial staff, and 59 administrative staff[113] - The company employs a performance-based salary policy, linking basic salaries to job levels and performance assessments[114] - The company has implemented a stock incentive plan, granting 10 million restricted stocks, with 7.702 million stocks granted at a price of 6.028 yuan per share[118] Shareholder and Equity Information - The total number of shares held by the current directors and senior management at the end of the reporting period includes 1,500,000 shares held by the former chairwoman, Xiao Jiajun[98] - The company has a cash dividend policy that mandates at least 10% of the distributable profits to be distributed as cash dividends if the company is profitable[116] - The company has not issued any new securities during the reporting period[170] - The total number of shares outstanding is 335,735,933, with 2,343,200 shares subject to limited sale conditions, representing 0.70% of total shares[167] Legal and Regulatory Issues - The actual controller of the company, Mr. Xiao Guoqiang, is under investigation by the China Securities Regulatory Commission for insider trading, with potential penalties including the confiscation of illegal gains amounting to ¥8,790,243.56 and a fine of ¥26,370,730.68[160] - The company has not disclosed any significant related party transactions or major contracts during the reporting period[162][165] - The company has identified significant internal control deficiencies, including major accounting errors in the 2020 financial statements and unresolved related party fund occupations[123] Future Outlook - The company plans to improve cash flow by accelerating project payments and attracting strategic investors[197] - The company has not disclosed any new strategies or future outlook in the provided documents[176]

Financial Performance - The company's operating revenue for Q3 2021 was ¥59,388,515.98, a decrease of 52.42% compared to the same period last year[2] - The net profit attributable to shareholders was -¥29,523,761.00, reflecting a decline of 852.51% year-over-year[2] - The net profit after deducting non-recurring gains and losses was -¥30,300,452.74, down 1,139.60% from the previous year[2] - The basic earnings per share for the period was -¥0.09, a decrease of 853.41% year-over-year[2] - The weighted average return on equity was -2.66%, a decrease of 3.01 percentage points compared to the previous year[2] - The net profit attributable to shareholders for the current period is -852.51 million, primarily due to a decline in operating income while fixed expenses such as salaries, depreciation, and financing interest could not decrease proportionally[8] - The net profit attributable to shareholders excluding non-recurring gains and losses for the current period is -1,139.60 million, reflecting a significant drop in operating income[8] - Basic earnings per share for the current period is -853.41, a decrease of 852.51 million compared to the same period last year[8] - Diluted earnings per share for the current period is -979.38, also reflecting a decline due to the drop in net profit[8] - The net profit attributable to shareholders from the beginning of the year to the end of the reporting period is -1,477.98 million, largely due to the same factors affecting the current period[8] - The net profit attributable to shareholders excluding non-recurring gains and losses from the beginning of the year to the end of the reporting period is -2,138.75 million, indicating a substantial decline[8] - Basic earnings per share from the beginning of the year to the end of the reporting period is -1,333.16, reflecting a significant decrease in net profit compared to the previous year[8] - Diluted earnings per share from the beginning of the year to the end of the reporting period is -1,333.18, consistent with the decline in net profit[8] - The company reported a net loss of CNY 87,189,927.36 for the first three quarters of 2021, compared to a profit of CNY 9,158,692.49 in the same period of 2020[19] - The net profit attributable to the parent company for Q3 2021 was -82,802,661.50 RMB, compared to a profit of 6,008,986.79 RMB in Q3 2020, indicating a significant decline[21] - The total comprehensive income for the parent company in Q3 2021 was -82,802,661.50 RMB, reflecting a decrease from the previous year's figure[21] - The basic and diluted earnings per share for Q3 2021 were both -0.25 RMB, compared to 0.02 RMB in Q3 2020[21] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥156,268,791.59, an increase of 177.51%[2] - Cash inflows from operating activities totaled 641,779,031.12 RMB in the first nine months of 2021, up from 613,885,748.26 RMB in the same period of 2020[22] - Cash outflows from operating activities decreased to 485,510,239.53 RMB in the first nine months of 2021, compared to 815,498,257.63 RMB in the same period of 2020[23] - The net cash flow from operating activities for the first nine months of 2021 was 156,268,791.59 RMB, a recovery from a negative cash flow of -201,612,509.37 RMB in the same period of 2020[23] - The net cash flow from investing activities for the first nine months of 2021 was -25,764,007.17 RMB, an improvement from -118,636,933.78 RMB in the same period of 2020[23] - The net cash flow from financing activities in the first nine months of 2021 was -278,075,406.37 RMB, compared to a positive cash flow of 252,821,616.20 RMB in the same period of 2020[23] - The ending cash and cash equivalents balance as of Q3 2021 was 19,828,213.85 RMB, down from 196,572,707.85 RMB at the end of Q3 2020[23] - Total assets at the end of the reporting period were ¥3,244,690,004.76, a decrease of 13.50% from the end of the previous year[3] - Total assets as of September 30, 2021, were CNY 3,244,690,004.76, a decrease from CNY 3,750,959,774.84 at the end of 2020[15] - Total liabilities as of September 30, 2021, were CNY 2,097,228,454.46, down from CNY 2,512,318,299.03 at the end of 2020[15] - Cash and cash equivalents as of September 30, 2021, were CNY 63,849,557.52, compared to CNY 172,459,341.55 at the end of 2020[14] - Accounts receivable as of September 30, 2021, were CNY 424,279,778.87, a decrease from CNY 488,488,948.69 at the end of 2020[14] - Inventory as of September 30, 2021, was CNY 116,923,084.00, down from CNY 124,040,841.45 at the end of 2020[14] Operating Performance - The significant decline in operating revenue was primarily due to the delay in the commencement of the Suiping County Kuaiwang River water environment comprehensive governance project[7] - Operating revenue from the beginning of the year to the end of the reporting period is -57.92%, significantly impacted by delays in project execution and reduced cash flow due to decreased bank loans[8] - Total operating revenue for the first three quarters of 2021 was CNY 166,004,945.19, a decrease of 57.92% compared to CNY 394,519,033.72 in the same period of 2020[18] - Total operating costs for the first three quarters of 2021 were CNY 296,132,166.62, down 27.73% from CNY 409,845,608.46 in 2020[19] - Operating profit for the first three quarters of 2021 was a loss of CNY 87,371,291.79, compared to a profit of CNY 10,269,024.40 in the same period of 2020[19] - The company did not report any net profit from subsidiaries prior to consolidation in Q3 2021, consistent with the previous year[21]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥106,616,429.21, a decrease of 60.47% compared to ¥269,707,341.88 in the same period last year[20]. - The net profit attributable to shareholders was -¥53,278,900.50, representing a decline of 2,654.62% from ¥2,085,590.99 in the previous year[20]. - Basic earnings per share were -¥0.16, a decrease of 1,700.00% compared to ¥0.01 in the same period last year[21]. - The company's gross profit margin for the first half of 2021 was approximately -79.5%, compared to a positive margin in the first half of 2020[123]. - The net profit for the first half of 2021 was a loss of CNY 57,076,968.13, compared to a loss of CNY 2,925,702.76 in the same half of 2020[124]. - The total comprehensive income for the first half of 2021 was a loss of CNY 57,076,968.13, compared to a loss of CNY 2,925,702.76 in the same period of 2020[127]. Cash Flow - The net cash flow from operating activities increased by 180.80% to ¥99,446,758.35, compared to -¥123,078,867.53 in the same period last year[20]. - The cash inflow from operating activities for the first half of 2021 was CNY 531,515,807.75, an increase from CNY 433,081,245.96 in the first half of 2020[129]. - The net cash flow from operating activities for the first half of 2021 was ¥110,991,747, compared to a negative cash flow of ¥103,545,108 in the same period of 2020, indicating a significant improvement[132]. - Cash and cash equivalents decreased to ¥86,654,865.37, primarily due to repayment of bank loans during the reporting period[44]. - The ending balance of cash and cash equivalents was ¥39,397,316, down from ¥117,549,695 at the end of the first half of 2020[132]. Assets and Liabilities - The total assets decreased by 11.89% to ¥3,305,004,967.60 from ¥3,750,959,774.84 at the end of the previous year[20]. - The company's total liabilities were RMB 2.13 billion as of June 30, 2021, down from RMB 2.51 billion at the end of 2020[117]. - The company's equity attributable to shareholders was RMB 1.12 billion, a decrease from RMB 1.18 billion at the end of 2020[117]. - The company's long-term receivables decreased by 54.38% to ¥237,854,357.71, mainly due to the collection of long-term receivables from various projects[44]. - The total amount of non-operating funds occupied by the controlling shareholder and other related parties at the end of the reporting period was RMB 92.043 million, with a repayment plan set for December 31, 2021[74]. Project Execution and Management - The decline in revenue was primarily due to delays in project execution, particularly the Wuhan Net Security project and the Suiping County project, which affected income recognition[20]. - The company has established a comprehensive management system to ensure effective project execution and quality control[30]. - The company aims to enhance project quality through management-driven approaches and hardware monitoring[24]. - The company has implemented a three-tier quality management process to ensure project quality and accountability[32]. - The company signed a total of 131 construction and design contracts with a total value of 443.60 million RMB during the reporting period[35]. Strategic Initiatives - The company focuses on a complete green ecological industry chain, providing comprehensive services from green investment to operation[24]. - The company plans to optimize its financing structure and explore diversified financing channels to support future growth[36]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $200 million allocated for potential deals[67]. - The company aims to strengthen project management and cost control through improved bidding processes and enhanced project management practices[35]. - The company has established partnerships with state-owned enterprises and leading industry players to enhance its service offerings in various projects[38]. Shareholder and Equity Information - The actual controller and shareholders committed to not transferring or entrusting their shares for 36 months post-IPO[65]. - The company will repurchase shares if the prospectus contains false statements or omissions, with a buyback price based on the issuance price plus interest[65]. - The company reported a total of 63,478,807.49 RMB in other comprehensive income at the end of the period[139]. - The total owner's equity at the end of the current period was 1,179,237,330.80, compared to 1,178,860,481.14 at the beginning of the year[134]. - The company has not provided any guarantees for shareholders, actual controllers, or their related parties during the reporting period[85]. Compliance and Governance - The company has established a multi-tier governance structure, including a shareholders' meeting, board of directors, and supervisory board[160]. - The company adheres to the relevant accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[165]. - The company is focused on managing goodwill impairment risks associated with its investments and has implemented measures to enhance subsidiary management[50]. - The management emphasized the importance of maintaining compliance with regulatory standards to avoid potential legal issues in the future[67]. - The company has not fully complied with the decision-making procedures for the non-operating fund occupation by the controlling shareholder and other related parties[74]. Market Outlook and Growth - The ecological construction industry is expected to grow significantly, driven by national policies and a focus on sustainable development[28]. - The sports industry is projected to reach a total scale of RMB 2 trillion by 2025, with the company actively participating in sports event planning and tourism development[29]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of 25% and aiming for $1.875 billion[67]. - New product launches are expected to contribute an additional $300 million in revenue over the next fiscal year[67]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[146].