2022 年第三季度报告 证券代码：603126 证券简称：中材节能 中材节能股份有限公司 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。 1 / 14 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 动幅度(%) 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 (%) 营业收入 730,743,694.91 15.93 2,084,467,152.28 -1.59 归属于上市公司股东的 净利润 46,727,381.17 81.30 124,569,822.96 16.74 归属于上市公司股东的 扣除非经常性损益的净 利润 39,501,545.15 27.91 96,234,943.57 -4.08 经营活动产生的现金流 量净额 不适用 不适用 32,964,152.38 不适用 基本每股收益（元/股） ...

证券代码：603126 证券简称：中材节能 公告编号：临 2022-052 中材节能股份有限公司 关于参加 2022 年度天津辖区上市公司半年报业绩说 明会与投资者网上集体接待日活动的公告 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。 中材节能股份有限公司（以下简称"公司"）已于 2022 年 8 月 26 日发布了 2022 年半年度报告。为便于广大投资者更深入全面地了解公司生产经营情况， 公司定于 2022 年 9 月 6 日（星期二）下午 15:00-16:30 参加由中国证券监督管 理委员会天津监管局主办，天津上市公司协会与深圳市全景网络有限公司协办的 "2022 年度天津辖区上市公司半年报业绩说明会与投资者网上集体接待日"活 动。 本次活动将采用网络远程的方式举行，投资者可以登录"全景路演" （http://rs.p5w.net）参与本次互动交流。出席本次活动的人员有：公司董事长、 代理总裁孟庆林先生，副总裁、董事会秘书、总法律顾问黄剑锋先生，财务总监 焦二伟先生以及公司董事会办公室、资产财务部部门负责人等。 欢迎 ...

Financial Performance - The company reported a half-year revenue of RMB 1.2 billion, representing a year-on-year increase of 15%[13]. - The net profit for the first half of 2022 was RMB 150 million, up 10% compared to the same period last year[13]. - Future guidance estimates a revenue growth of 18% for the full year 2022, with a projected net profit margin of 12%[13]. - For the first half of 2022, the company's operating revenue was CNY 1,353,723,457.37, a decrease of 9.01% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY 77,842,441.79, down 3.82% year-on-year, primarily due to a decline in profits from energy-saving and environmental protection projects[18]. - The basic earnings per share for the first half of 2022 was CNY 0.1275, a decrease of 3.84% from the same period last year[17]. - The company achieved a net profit of 101 million RMB, representing a year-on-year increase of 4.72%[28]. - Total profit reached 115 million RMB, with a year-on-year growth of 4.17%[28]. - The company reported a net loss of $51,892,500 for the period[134]. - The total comprehensive income for the period was a loss of $2,274,590[138]. - The company reported a net loss of CNY 48,840,000 for the first half of 2022, compared to a loss of CNY 55,965,216 in the same period last year[142]. - Total comprehensive income for the period was CNY -139,492.59, indicating a decrease in overall financial performance[148]. Market Expansion and Strategy - User data indicates a growth in customer base by 20%, reaching a total of 500,000 active users[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[13]. - The company is focused on three main businesses: energy-saving and environmental protection engineering, equipment manufacturing, and building energy-saving materials[23]. - The company has initiated international expansion and localization efforts, enhancing its overseas project implementation capabilities[27]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[114]. Research and Development - The company has allocated RMB 100 million for research and development in renewable energy technologies for the next fiscal year[13]. - New product development includes the launch of an energy-efficient boiler system, expected to generate an additional RMB 200 million in revenue annually[13]. - The company completed 83 research projects and obtained 72 patent authorizations during the reporting period[32]. - Research and development expenses decreased by 13.57%, totaling approximately 61.66 million RMB[36]. - Research and development expenses for the first half of 2022 were CNY 61,663,055.29, a decrease of 13.5% from CNY 71,342,735.29 in the first half of 2021[116]. Financial Position and Assets - The company's total assets increased by 1.71% to CNY 4,501,967,808.84 compared to the end of the previous year[7]. - The company's accounts receivable and notes decreased by 47.64% to ¥86,268,830.61, compared to ¥164,766,422.27 at the end of the previous year[37]. - Contract assets increased by 47.94% to ¥386,622,968.31, up from ¥261,341,788.95 at the end of the previous year, driven by growth in energy-saving and environmental protection projects[37]. - The company's construction in progress rose significantly by 221.91% to ¥323,746,892.47, compared to ¥100,571,135.67 at the end of the previous year, reflecting investments in innovative comprehensive buildings[37]. - The company's total current assets as of June 30, 2022, amounted to CNY 3,165,350,236.73, a decrease of 1.59% from CNY 3,216,671,351.60 at the beginning of the period[107]. - The total liabilities as of June 30, 2022, were CNY 2,185,437,132.18, showing a slight increase from CNY 2,158,888,867.83 at the beginning of the period[109]. Environmental and Social Responsibility - The company reported that its wastewater discharge meets the third-level standards of the Comprehensive Wastewater Discharge Standard (GB8978-1996) for chemical oxygen demand, suspended solids, and oil[58]. - The company’s noise levels at all measurement points comply with the Industrial Enterprise Boundary Environmental Noise Emission Standards (GB12348-2008) Class 3 standards[59]. - The company has established an emergency plan for sudden environmental incidents, with the plan number WD01[62]. - The company achieved a total electricity generation of 87.42 million kWh in the first half of 2022, resulting in a reduction of approximately 80,000 tons of CO2 emissions[69]. - The company has actively engaged in rural revitalization efforts, including donating 1 million yuan to the China Volunteer Foundation[70]. Corporate Governance - The board of directors has confirmed the authenticity and completeness of the financial report, with all members present at the meeting[4]. - The company held multiple temporary shareholder meetings in 2022, with all proposals passed unanimously[49]. - Meng Qinglin was elected as the chairman and appointed as the acting president of the company[51]. - There were changes in the board of directors, with Xia Zhiyun elected as a new director and Li Lan appointed as a representative supervisor[52]. - The company has an ongoing stock option incentive plan, which was approved by the State-owned Assets Supervision and Administration Commission[54]. Risk Management - The company faces industry risks due to the impact of the pandemic and global economic conditions, prompting a focus on market expansion and technological innovation[46]. - The company is exposed to foreign exchange risks as overseas projects are primarily settled in USD or EUR, necessitating careful monitoring of exchange rate fluctuations[47]. - The company plans to enhance its overseas project risk management to mitigate potential impacts from varying legal and economic environments[46]. Related Party Transactions - The company expects to sign related party transaction contracts totaling no more than RMB 1 billion in 2022, with approximately RMB 1 million for purchasing goods and RMB 900 million for sales[78]. - During the reporting period, the company signed related party transaction contracts amounting to RMB 127 million, all related to contracting or sales to related parties[78]. - The total transaction amount for the transfer of waste heat power generation assets was RMB 145.96 million, including a one-time payment of RMB 47.35 million due to insufficient power supply[80]. Financial Instruments and Accounting Policies - The company recognizes financial assets based on the business model and cash flow characteristics, classifying them into categories such as amortized cost and fair value[176]. - Foreign currency transactions are translated at the spot exchange rate on the transaction date, with monetary items translated at the exchange rate on the balance sheet date[175]. - The company prioritizes the use of Level 1 inputs for fair value measurement, using Level 3 inputs only when necessary[183]. - Expected credit losses are measured based on the weighted average of credit losses of financial instruments, considering all reasonable and evidence-based information, including forward-looking information[187].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 582,606,371.44, a decrease of 27.18% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 32,003,798.14, an increase of 15.06% year-on-year[5] - The net cash flow from operating activities was CNY -1,283,211.64, showing a significant increase of 99.23% compared to the previous year[5] - The basic earnings per share were CNY 0.0524, reflecting a growth of 14.91% year-on-year[5] - The total operating costs for Q1 2022 were CNY 546,577,502.76, a decrease from CNY 770,509,797.34 in Q1 2021, representing a reduction of approximately 29%[20] - The net profit for Q1 2022 was CNY 48,352,099.16, compared to CNY 36,319,212.48 in Q1 2021, indicating an increase of about 33%[21] - The operating profit for Q1 2022 was CNY 58,500,680.24, up from CNY 40,063,201.99 in Q1 2021, reflecting a growth of approximately 46%[20] - The total comprehensive income for Q1 2022 was CNY 46,189,491.97, compared to CNY 34,242,660.86 in Q1 2021, marking an increase of approximately 35%[21] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.0524, up from CNY 0.0456 in Q1 2021, representing an increase of about 15%[21] - The tax expenses for Q1 2022 were CNY 8,705,984.39, compared to CNY 3,717,064.50 in Q1 2021, indicating an increase of approximately 134%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,431,070,710.96, a slight increase of 0.11% from the end of the previous year[5] - Current assets as of March 31, 2022, totaled RMB 3,137,359,945.28, down from RMB 3,216,671,351.60 at the end of 2021, reflecting a decrease of 2.5%[16] - Cash and cash equivalents were RMB 838,681,368.42, a decline from RMB 913,330,360.24, representing a decrease of 8.2%[16] - Accounts receivable increased to RMB 911,554,573.82 from RMB 839,766,457.08, marking an increase of 8.5%[16] - Total liabilities decreased to RMB 2,117,344,192.30 from RMB 2,158,888,867.83, a reduction of 1.9%[18] - Total assets as of March 31, 2022, were RMB 4,431,070,710.96, slightly up from RMB 4,426,094,760.88 at the end of 2021[17] - Non-current assets increased to RMB 1,293,710,765.68 from RMB 1,209,423,409.28, an increase of 7.0%[17] - The company reported a decrease in inventory to RMB 735,191,205.66 from RMB 772,731,983.44, a decline of 4.9%[16] - The company’s equity attributable to shareholders increased to RMB 1,950,389,851.20 from RMB 1,920,048,935.12, an increase of 1.6%[18] - The company’s short-term borrowings decreased significantly to RMB 20,000,000.00 from RMB 50,000,000.00, a reduction of 60.0%[17] Government Support and External Factors - The company received government subsidies amounting to CNY 13,048,538.22, contributing positively to net profit[8] - The company experienced a decrease in equipment manufacturing revenue, which significantly impacted overall revenue performance[6] - The gross margin for energy-saving and environmental protection engineering business was affected by pandemic-related factors, leading to a decline[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,349[12] - The largest shareholder, China National Materials Group Corporation, held 50.66% of the shares[12] Cash Flow Activities - The cash flow from operating activities for Q1 2022 was negative CNY 1,283,211.64, an improvement from negative CNY 166,865,293.55 in Q1 2021[25] - The cash flow from investing activities for Q1 2022 was negative CNY 104,076,998.59, compared to negative CNY 14,135,128.50 in Q1 2021, indicating increased investment outflows[25] - The cash flow from financing activities for Q1 2022 was positive CNY 41,513,950.56, contrasting with negative CNY 11,170,247.63 in Q1 2021, showing a significant turnaround[25] Accounting Standards and Reporting - The company implemented new accounting standards starting from Q1 2022[26] - The board of directors announced the financial report on April 27, 2022[26] - The report indicates the first-time execution of the new accounting standards[26] - There are no specific financial performance metrics or user data provided in the document[26] - Future outlook and performance guidance details are not included in the report[26] - Information regarding new product and technology development is absent[26] - Market expansion and acquisition strategies are not discussed in the document[26] - Other new strategies are not mentioned in the report[26] - The document does not provide any numerical data or percentage figures[26] - The report is categorized as not applicable for the new accounting standards adjustment[26]

Financial Performance - The company achieved operating revenue of ¥2,940,843,508.09 in 2021, representing a year-on-year increase of 13.24% primarily due to a significant rise in equipment manufacturing revenue[21]. - The net profit attributable to shareholders of the listed company was ¥139,836,035.01, an increase of 3.78% compared to the previous year, mainly driven by an increase in gross profit from core business[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥131,182,124.92, reflecting a 17.43% increase year-on-year, attributed to higher gross profit and a substantial decrease in non-recurring gains and losses[23]. - The basic earnings per share for 2021 was ¥0.2291, up 3.81% from ¥0.2207 in 2020[21]. - The diluted earnings per share also stood at ¥0.2291, reflecting the same percentage increase of 3.81% year-on-year[21]. - The weighted average return on equity was 7.46%, a slight decrease of 0.07 percentage points compared to the previous year[21]. - Total assets at the end of 2021 reached ¥4,426,094,760.88, marking a 5.54% increase from the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥1,920,048,935.12, an increase of 4.85% compared to the end of 2020[20]. - The company reported a significant decrease in non-recurring gains and losses, with total non-recurring gains amounting to ¥8,653,910.09 in 2021, down from ¥23,030,793.18 in 2020[28]. - The company achieved a revenue of 2.941 billion yuan, representing a year-on-year growth of 13.24%[36]. - The total profit amounted to 209 million yuan, with a year-on-year increase of 10.61%[36]. Cash Flow and Investments - The net cash flow from operating activities was ¥45,119,560.31, a decrease of 68.87% compared to the previous year, primarily due to a reduction in cash received from sales of goods and services[23]. - The investment cash flow net amount decreased significantly by 3,324.85% to -¥159,601,793.13, primarily due to increased investments in production lines and facilities[45]. - The accounts receivable increased by 48.75% year-on-year, reaching 839.77 million yuan, indicating a rise in sales volume[62]. - The total liabilities increased, with accounts payable rising by 44.84% year-on-year to 897.89 million yuan[62]. - Long-term borrowings increased by 35.11% year-on-year, totaling 63.50 million yuan[62]. Research and Development - Research and development expenses surged by 49.26% to ¥145,275,496.32, reflecting the company's commitment to innovation and technology advancement[44]. - The number of R&D personnel was 413, making up 21.35% of the total workforce[56]. - The proportion of R&D expenses to operating income was 4.94%[55]. - The company has been actively involved in 74 research projects and has received 58 patent authorizations, indicating a strong focus on technological innovation[41]. Market and Strategic Initiatives - The company is actively expanding its international market presence, with successful project implementations in countries like Kenya and Pakistan[37]. - The company plans to enhance market expansion efforts, particularly in overseas markets, and improve project investment returns while optimizing product structure[76]. - The company aims to improve its supply chain efficiency, with a target of reducing delivery times by 15% through new logistics partnerships[93]. - The company is focusing on the development of new materials and advanced manufacturing technologies as part of its strategic growth initiatives[73]. - The company reported a significant increase in overseas revenue, which rose by 151.24% compared to the previous year, driven by an increase in international projects[47]. Corporate Governance - The company has been recognized as a "Demonstration Enterprise for Corporate Governance" by the State-owned Assets Supervision and Administration Commission[82]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and effective supervision of management[83]. - The company disclosed a total of 4 periodic reports and 47 temporary announcements during the reporting period, achieving an A-level evaluation for information disclosure from the Shanghai Stock Exchange for the 2020-2021 period[84]. - The company has established a dividend distribution policy and a three-year dividend distribution plan to protect the interests of minority investors[85]. - The company has a transparent mechanism for evaluating and rewarding senior management, which is aligned with operational goals[85]. Environmental Responsibility - The company has established a comprehensive environmental management system, ensuring compliance with national environmental laws and regulations[143]. - The company achieved a total electricity generation of 152 million kWh from its operational power plants, resulting in a carbon reduction of 15,100 tons[145]. - The company has committed to reducing VOCs emissions through the implementation of a tailored plan for each enterprise[144]. - The company has actively engaged in research on water-based coatings to meet both customer and environmental requirements[144]. - The company has implemented a self-monitoring scheme for environmental compliance, ensuring adherence to regulations[139]. Risk Management - The company faces industry risks due to the impact of the pandemic and global economic conditions, which may affect investment willingness in traditional markets[78]. - The company is implementing a risk management system to address potential fluctuations in exchange rates, particularly for projects settled in USD or EUR[79]. - The company has established a management method for subsidiaries, detailing management structures, operational management, and investment return management[131]. Shareholder Engagement - The company is committed to protecting shareholder rights and ensuring transparent communication regarding profit distribution decisions[126]. - The cash dividend proposal must be approved by more than half of the voting rights at the shareholders' meeting[125]. - The company actively engages with independent directors and minority shareholders to gather feedback on profit distribution proposals[123]. - The company maintained effective communication with shareholders through various channels, ensuring equal access to information for all investors[84].

Financial Performance - The company's operating revenue for Q3 2021 was ¥630,345,887, a decrease of 11.60% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥25,773,268, down 35.53% year-on-year, while the net profit excluding non-recurring items was ¥30,881,224, a decrease of 7.43%[4]. - For the first nine months of 2021, the net profit attributable to shareholders increased by 118.73% to ¥106,705,530, and the net profit excluding non-recurring items rose by 145.18% to ¥100,324,634[5]. - Total operating revenue for the first three quarters of 2021 reached ¥2,118,103,555.06, an increase of 13.93% compared to ¥1,859,062,966.17 in the same period of 2020[22]. - Operating profit for the first three quarters of 2021 was ¥147,210,014.82, up 85.73% from ¥79,248,654.99 in the previous year[23]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥106,705,530.08, a significant increase of 118.73% compared to ¥48,783,610.72 in 2020[24]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.1748, compared to ¥0.0799 in Q3 2020, reflecting a growth of 118.52%[25]. Cash Flow and Liquidity - The company's cash flow from operating activities for the first nine months was -¥49,743,239.14, a decrease of 129.49% year-on-year, primarily due to reduced cash receipts from sales of energy-saving products and services[5]. - The company's cash flow from operating activities for the first three quarters of 2021 showed a positive trend, indicating improved liquidity[26]. - Operating cash inflow for the first three quarters of 2021 was CNY 1,525,089,037.18, a decrease of 19.6% compared to CNY 1,898,190,860.74 in the same period of 2020[27]. - Net cash flow from operating activities for Q3 2021 was -CNY 49,743,282.14, compared to CNY 168,705,409.49 in Q3 2020, indicating a significant decline[28]. - Total cash outflow from operating activities in Q3 2021 was CNY 1,574,832,319.32, compared to CNY 1,729,485,451.25 in Q3 2020, indicating a reduction in cash outflow[28]. - The total cash and cash equivalents at the end of Q3 2021 was CNY 805,318,969.47, down from CNY 926,458,884.27 at the end of Q3 2020[28]. Assets and Liabilities - As of September 30, 2021, total assets were ¥4,376,845,902.66, an increase of 4.37% from the end of the previous year[5]. - The company's accounts receivable as of September 30, 2021, amounted to ¥801,976,724.22, an increase of 42.05% due to higher business volume and revenue[9]. - The company's long-term borrowings increased by 145.74% to ¥115,500,000, primarily due to new bank loans for project construction[10]. - The company's total liabilities increased, with accounts payable rising by 39.59% to ¥865,338,488.68, attributed to increased procurement[10]. - Total liabilities increased to ¥2,175,678,848.27 in Q3 2021 from ¥2,065,518,004.01 in Q3 2020, reflecting a growth of 5.36%[20]. - The company's total equity increased to ¥2,201,167,054.39 in Q3 2021 from ¥2,128,183,679.67 in Q3 2020, marking a growth of 3.42%[20]. Research and Development - R&D expenses for the first nine months of 2020 amounted to ¥108,715,267.75, an increase of 64.72% year-over-year due to increased investment in research and development[11]. - Research and development expenses for the first three quarters of 2021 were ¥108,715,267.75, up 64.67% from ¥66,001,364.84 in the same period last year[23]. Investment Activities - Investment income for the first nine months of 2020 was ¥9,113,029.69, an increase of 131.63% year-over-year, mainly from dividends received from holdings in Nantong CIMC Special Transportation Equipment Manufacturing Co., Ltd. and Jiangsu Bank[11]. - The net cash flow from investing activities for the first nine months of 2020 was -¥60,259,182.65, a decrease of 1061.86% year-over-year due to increased investment in calcium silicate board production lines[12]. - Cash outflow from investment activities in Q3 2021 was CNY 81,064,763.86, up from CNY 33,084,430.34 in Q3 2020, reflecting increased investment expenditures[28]. - Cash received from investment activities in Q3 2021 was CNY 20,805,581.21, down from CNY 39,349,295.76 in Q3 2020, reflecting lower investment returns[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,260[14]. - The largest shareholder, China National Materials Group Corporation, held 50.66% of the shares[14].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,487,757,668.06, representing a 29.82% increase compared to ¥1,146,016,997.56 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥80,932,261.71, a significant increase of 819.02% from ¥8,806,331.77 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,443,410.51, up 818.81% from ¥7,557,991.41 year-on-year[18]. - Basic earnings per share for the first half of 2021 reached 0.1326 CNY, an increase of 820.83% compared to the same period last year[19]. - The total profit reached 110 million RMB, representing a significant year-on-year growth of 370.35%[33]. - The company reported a significant increase in prepayments by 50.71% to ¥154,303,123.11, indicating increased procurement activities[41]. - The company reported a total profit of CNY 64,999,768.27 for the first half of 2021, compared to CNY 14,658,808.00 in the same period of 2020, marking a substantial increase[123]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥46,062,785.42, a decrease of 174.78% compared to ¥61,597,763.67 in the same period last year[18]. - The company's cash and cash equivalents decreased by 17.60% to ¥929,866,185.19, accounting for 21.68% of total assets[41]. - Accounts receivable increased by 38.09% to ¥779,574,587.45, representing 18.18% of total assets, indicating slower collection progress[41]. - The company's total assets included overseas assets of ¥223,011,849.60, which accounted for 5.20% of total assets[42]. - The company reported a total cash and cash equivalents balance of CNY 793,989,759.03 at the end of the period, down from CNY 810,699,144.56 at the end of the previous period[128]. Research and Development - Research and development expenses increased by 64.92% to 71.34 million RMB, reflecting the company's commitment to innovation[39]. - The company has undertaken 74 research projects and applied for 48 new patents, demonstrating its focus on technological advancement[38]. - Research and development expenses for the first half of 2021 amounted to ¥71,342,735.29, which is a 65.1% increase from ¥43,258,375.62 in the same period of 2020[119]. Market Expansion and Strategy - The company is focused on expanding its capabilities in energy-saving and environmental protection engineering, building energy-saving materials, and equipment manufacturing[26]. - The company is actively pursuing new product development and market expansion in response to national policies promoting green building materials[28]. - The company is actively pursuing mergers and acquisitions to strengthen its position in the energy recovery market and diversify its portfolio[51]. - The company plans to expand its market share in high-energy-consuming industries, leveraging its technological and operational advantages[51]. Environmental Compliance - The company reported that emissions of particulate matter, xylene, and non-methane total hydrocarbons from exhaust outlets comply with the secondary standards of the "Comprehensive Emission Standard of Air Pollutants" (GB16297-1996)[63]. - Wastewater treatment meets the "Comprehensive Discharge Standard for Wastewater" (GB8978-1996) with chemical oxygen demand, suspended solids, and oil content all within the third-level standards[63]. - The company has established an emergency response plan for environmental incidents, which was approved by experts on July 13, 2021[67]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[69]. Risks and Challenges - The company faces risks in overseas operations due to the impact of COVID-19 on international politics and economics, with a significant portion of its business being overseas[52]. - Currency exchange rate fluctuations pose a risk to the company's overseas projects, primarily settled in USD or EUR, potentially impacting financial performance[54]. - The company is exposed to BOOT/EMC business model risks, including policy execution discrepancies and long contract cycles, which may affect project execution and economic returns[53]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 87,286[100]. - The largest shareholder, China National Materials Group Corporation, holds 50.66% of the company's shares, totaling 309,275,786 shares[102]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[80]. Financial Reporting and Compliance - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[166]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[163]. - The company has not faced any regulatory penalties or compliance issues during the reporting period[82].

Financial Performance - In Q1 2021, the company's revenue reached ¥800,100,233.28, representing a 111.78% increase compared to the same period last year, driven by increased income from boiler equipment, EP, EPC projects, and sheet materials [6]. - The net profit attributable to shareholders was ¥27,813,872.76, a significant increase of 260.25% year-on-year, while the net profit excluding non-recurring gains and losses was ¥23,636,925.59, up 260.67% [6]. - Basic and diluted earnings per share were both ¥0.0456, up 260.25% from -¥0.0284 in the previous year [7]. - The company reported a net profit of ¥40,063,201.99 for Q1 2021, a turnaround from the loss reported in the same period last year [29]. - The total profit for Q1 2021 was CNY 40,036,276.98, compared to a loss of CNY -16,373,552.56 in Q1 2020, showcasing a strong recovery [30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,145,157,140.44, a decrease of 1.16% from the previous year-end [7]. - As of March 31, 2021, accounts receivable increased by 32.51% to ¥748,111,899.26 due to increased sales during the period [14]. - The company's long-term borrowings increased by 106.38% to ¥97,000,000.00 as a result of new bank loans obtained by a subsidiary [15]. - The company's total assets as of March 31, 2021, amounted to ¥2,041,341,977.56, down from ¥2,102,109,200.93 at the end of 2020 [27]. - Total liabilities decreased to ¥543,186,955.38 in Q1 2021 from ¥601,198,024.18 in Q4 2020 [27]. Cash Flow - The net cash flow from operating activities was -¥166,865,293.55, reflecting a decline of 15.01% compared to the same period last year [7]. - Cash flow from operating activities was CNY 493,822,756.17, an increase from CNY 393,024,517.49 in the same period last year, indicating improved cash generation [35]. - The cash flow from operating activities showed a negative trend, with a net cash flow of -15,498,569.48 RMB in Q1 2021 compared to -18,442,856.80 RMB in Q1 2020 [39]. - Total cash inflow from operating activities was 513,799,918.33 RMB, while cash outflow was 680,665,211.88 RMB, resulting in a net cash outflow of 166,865,293.55 RMB [36]. Research and Development - Research and development expenses for Q1 2021 rose by 83.10% to ¥33,196,112.24, reflecting the company's increased investment in R&D [16]. - Research and development expenses increased to CNY 6,388,591.24, up from CNY 5,202,399.69 in the previous year, reflecting the company's commitment to innovation [32]. Shareholder Information - The total number of shareholders as of the reporting date was 108,417 [12]. - The largest shareholder, China National Materials Group Corporation, held 50.66% of the shares [12]. Financial Position - The company's equity attributable to shareholders was ¥1,498,155,022.18 as of March 31, 2021, slightly down from ¥1,500,911,176.75 at the end of 2020 [27]. - The company's cash and cash equivalents as of March 31, 2021, were ¥902,937,800.03, down from ¥1,128,542,124.53 at the end of the previous year [21].

Financial Performance - The company achieved operating revenue of ¥2,597,026,157.35, an increase of 14.25% compared to the previous year, primarily due to increased revenue from boiler equipment and EP projects[25]. - The net profit attributable to shareholders was ¥134,741,791.04, reflecting a growth of 9.46% year-on-year, driven by increased gross profit and investment income, along with reduced management expenses[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥111,710,997.86, up 87.86% from the previous year, mainly due to increased profits from core business operations[25]. - The net cash flow from operating activities increased by 19.37% year-on-year to ¥144,927,009.94, attributed to higher cash receipts related to operating activities and reduced social security expenses due to pandemic policy benefits[25]. - Basic earnings per share were ¥0.2207, a 9.47% increase compared to ¥0.2016 in 2019[24]. - The weighted average return on equity rose to 7.53%, an increase of 0.32 percentage points from the previous year[24]. - Total assets at the end of 2020 reached ¥4,193,701,683.68, an increase of 8.87% compared to the end of 2019[25]. - The net assets attributable to shareholders increased by 4.79% to ¥1,831,201,305.81 at the end of 2020[25]. - The total profit amounted to 189 million RMB, reflecting a year-on-year growth of 10.28%[43]. - The company reported a net loss of ¥17,357,074.64 in the first quarter, followed by a profit of ¥85,958,180.32 in the fourth quarter, indicating a recovery trend throughout the year[27]. Cash Dividend and Profit Distribution - The profit distribution plan for 2020 proposes a cash dividend of 0.8 RMB per 10 shares, totaling 48,840,000 RMB based on a total share capital of 610,500,000 shares as of December 31, 2020[7]. - The cash dividend for 2020 is set at 0.80 RMB per 10 shares, with a total cash distribution amounting to 4,884.00 million RMB, representing 36.25% of the net profit attributable to ordinary shareholders[96]. - The company’s profit distribution policy stipulates that if the company achieves profit, at least 30% of the distributable profit must be allocated as cash dividends[91]. - In mature stages without significant capital expenditure, the cash dividend proportion should be at least 80% of the profit distribution[90]. - The board of directors must consider the company's sustainable operation capability and reasonable returns to investors when formulating profit distribution plans[93]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits, which requires detailed disclosure of reasons and intended use of retained earnings[97]. Audit and Compliance - The company guarantees the authenticity, accuracy, and completeness of the annual report, with no significant omissions or misleading statements[10]. - The company reported a standard unqualified audit opinion from the accounting firm Xinyong Zhonghe[21]. - The company has not faced any non-standard audit opinions from its accounting firm during the reporting period[102]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies were found[189]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[185]. Risks and Challenges - The company has detailed the risks it may face in the future and the corresponding countermeasures in the report[9]. - The company faces industry risks due to cyclical fluctuations and increasing competition, which may narrow profit margins in its cement waste heat power generation business[83]. - The company is exposed to overseas operational risks, including political and economic uncertainties in various countries, which could impact its international projects[84]. - The ongoing COVID-19 pandemic has impacted the global economy and supply chains, but the company is gradually recovering as domestic conditions improve[86]. Research and Development - The total R&D investment amounted to ¥97,331,456.25, representing 3.75% of total revenue[56]. - The company obtained 22 authorized invention patents and 142 utility model patents by the end of the reporting period, reflecting its commitment to innovation[48]. - Research and development investments have increased by 30%, focusing on sustainable technologies and product enhancements[152]. Environmental and Social Responsibility - The company actively fulfills its social responsibilities, as detailed in its annual social responsibility report[123]. - The company’s wastewater discharge meets the third-level standards of the Comprehensive Wastewater Discharge Standard (GB8978-1996) for chemical oxygen demand, suspended solids, and oil content[125]. - The company’s air emissions from various sources comply with the secondary standards of the Comprehensive Emission Standard for Air Pollutants (GB16297-1996)[124]. - The company has established an emergency response plan for environmental incidents, which was approved by experts on October 19, 2019[128]. - The company has implemented a self-monitoring plan for environmental emissions, with quarterly and semi-annual testing schedules[129]. Shareholder Structure - The largest shareholder, China National Materials Group Corporation, holds 309,275,786 shares, representing 50.66% of total shares[137]. - The top ten shareholders include six state-owned entities and four individuals, indicating a strong presence of state ownership[138]. - The company has no strategic investors or general corporations among the top ten shareholders[139]. - The report indicates no changes in the controlling shareholder during the reporting period[141]. Leadership and Governance - The company reported a significant leadership transition with multiple board members changing roles, including the appointment of new executives in key positions[151]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal requirements for professional structure[170]. - The supervisory board is composed of 3 members, fulfilling the requirements of the Company Law and the company's articles of association[171]. - The company has established a dividend distribution policy and a three-year dividend distribution plan to protect the interests of minority investors[173]. Market and Strategic Initiatives - The company is focusing on expanding its market presence through strategic partnerships and investments in new technologies[151]. - The ongoing development of energy-saving technologies is a priority, reflecting the company's commitment to sustainability and innovation in the construction sector[151]. - The company plans to enhance its innovation capabilities by increasing R&D investment and improving the number of high-tech enterprises, targeting breakthroughs in key technologies[81].

Financial Performance - Operating revenue for the first nine months reached CNY 1,859,062,966.17, a 19.84% increase year-on-year, driven by higher contract amounts for engineering projects and boiler equipment [7]. - Net profit attributable to shareholders decreased by 27.34% to CNY 48,783,610.72, primarily due to lower gross margins on engineering projects and a decline in the fair value of held stocks [7]. - The company experienced a strong recovery in net profit for the third quarter compared to both the previous quarter and the same period last year [7]. - Total operating revenue for Q3 2020 reached ¥713,045,968.61, a 36.7% increase from ¥521,755,250.99 in Q3 2019 [28]. - Net profit for Q3 2020 was ¥46,436,269.19, compared to ¥24,252,901.36 in Q3 2019, representing an increase of 92.1% [29]. - The total comprehensive income attributable to the parent company for Q3 2020 was ¥38,400,170.65, up from ¥20,631,457.03 in Q3 2019, reflecting an increase of approximately 86.1% [31]. Cash Flow - Net cash flow from operating activities surged by 1,082.84% to CNY 168,705,409.49, attributed to reduced cash payments for goods and services [7]. - The net cash flow from operating activities for Q3 2020 was CNY 168,705,409.49, a significant increase from CNY 14,262,714.51 in Q3 2019, reflecting improved operational efficiency [37]. - The company reported a total cash inflow from operating activities of CNY 829,527,212.93 for the first nine months of 2020, compared to CNY 363,703,714.09 in the previous year, marking a growth of 128.3% [39]. - The net cash flow from investing activities for Q3 2020 was CNY 6,264,865.42, a recovery from a negative cash flow of CNY 15,118,702.32 in Q3 2019, showing a positive trend in investment returns [37]. - The company achieved a net increase in cash and cash equivalents of CNY 180,748,488.08 in Q3 2020, contrasting with a decrease of CNY 48,922,163.59 in Q3 2019, highlighting improved cash management [38]. Assets and Liabilities - Total assets increased by 13.48% to CNY 4,371,363,137.42 compared to the end of the previous year [6]. - Total liabilities reached RMB 2,353,230,163.94, compared to RMB 1,846,131,250.94, marking an increase of around 27.5% [22]. - Current assets totaled RMB 3,377,909,253.94, up from RMB 2,794,199,973.96, indicating a rise of about 21% year-over-year [20]. - The company's inventory and contract assets amounted to CNY 1,020,682,489.31, an increase of 20.59% compared to the beginning of the period [15]. - Total liabilities increased to ¥698,689,808.19 in Q3 2020 from ¥579,702,113.26 in Q3 2019, reflecting a growth of 20.5% [25]. Shareholder Information - As of September 30, 2020, the total number of shareholders is 40,287 [13]. - The top ten shareholders hold a total of 365,000,000 shares, representing 61.88% of the total shares [13]. - The total equity attributable to shareholders was RMB 1,754,977,547.27, slightly up from RMB 1,747,572,275.68, indicating a marginal increase of about 0.4% [22]. Research and Development - Research and development expenses for Q3 2020 were ¥22,742,989.22, an increase of 16.4% compared to ¥19,544,416.03 in Q3 2019 [28]. - Research and development expenses for Q3 2020 were ¥6,279,621.32, slightly down from ¥6,661,617.81 in Q3 2019, indicating a decrease of about 5.7% [32]. Accounting and Reporting Changes - The company adjusted its accounting for contract liabilities, reflecting a shift in revenue recognition practices [43]. - The company implemented new revenue recognition standards, adjusting previously received payments from "prepayments" to "contract liabilities" [48]. - The company continues to monitor and adjust its financial reporting in accordance with new accounting standards [48].