关于召开 2022 年度网上业绩说明会的公告 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。 重要内容提示： 证券代码：603177 证券简称：德创环保 公告编号：2023－028 浙江德创环保科技股份有限公司 四、投资者参加方式 1、投资者可以在 2023 年 5 月 12 日（星期五）15:00-16:00，登录上证路演 中心（http://roadshow.sseinfo.com/）。在线参加本次说明会，就所关心的问题与 公司进行沟通交流。 2、公司欢迎有意向参加本次说明会的投资者在 2023 年 5 月 11 日前通过本 公告后附的电话或电子邮件联系公司，并提出所关注的问题。公司将在说明会上 就投资者普遍关注的问题进行统一回答。 五、联系人及咨询办法 一、说明会类型 浙江德创环保科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日 在上海证券交易所网站（http://www.sse.com.cn）披露了公司 2022 年年度报告及 利润分配方案。根据上海证券交易所相关规定，公司定于 2023 年 5 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥216,714,042.04, representing a year-on-year increase of 62.53%[5] - Total operating revenue for the first three quarters of 2022 reached ¥544,673,281.28, an increase from ¥478,017,448.31 in the same period of 2021, representing a growth of approximately 13.9%[22] - Net profit for the first three quarters of 2022 was ¥18,176,438.02, a significant recovery from a net loss of ¥14,734,465.56 in the same period of 2021[23] - The company reported a total comprehensive income of ¥18,193,853.91 for the first three quarters of 2022, compared to a loss of ¥14,947,719.48 in the same period of 2021[24] - The net profit attributable to shareholders for the year-to-date period was ¥18,714,990.51, with a significant increase in net profit due to improved cost control and a favorable exchange rate[5][7] Profitability Metrics - The gross profit margin increased by 5.95 percentage points year-on-year, attributed to the weakening of the RMB against the USD and effective cost management[7] - The company reported a gross profit margin of approximately 3.2% for the first three quarters of 2022, compared to a negative margin in the previous year[22] - Earnings per share (EPS) for the first three quarters of 2022 was ¥0.09, recovering from a loss of ¥0.07 per share in the same period of 2021[24] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥69,305,031.67, reflecting a decrease of 300.25% compared to the previous year[6][10] - The net cash flow from operating activities for the first three quarters of 2022 was -69,305,031.67 RMB, a decrease from 34,609,637.77 RMB in the same period of 2021[27] - Total cash inflow from operating activities was 544,051,644.92 RMB, down 6.4% from 581,252,586.82 RMB in the previous year[27] - Cash outflow from operating activities increased to 613,356,676.59 RMB, compared to 546,642,949.05 RMB in the first three quarters of 2021, representing a 12.2% increase[27] - The net cash flow from investing activities was -56,285,580.07 RMB, an improvement from -110,693,887.54 RMB in the same period of 2021[28] - Cash inflow from financing activities increased to 592,989,904.00 RMB, up 40.9% from 420,800,000.00 RMB in the previous year[28] - The net cash flow from financing activities was 125,386,054.01 RMB, compared to 55,337,867.31 RMB in the same period of 2021, marking a 126.4% increase[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,479,875,036.61, an increase of 7.39% from the end of the previous year[6] - The total liabilities of the company as of the third quarter of 2022 amounted to ¥1,109,264,665.31, an increase from ¥1,045,202,666.85 in the previous year[18] - The company's total current assets as of September 30, 2022, amount to ¥1,004,214,779.61, an increase from ¥925,509,596.82 at the end of 2021[16] - The company's total current liabilities as of September 30, 2022, are ¥940,218,698.02, down from ¥1,000,879,185.66 at the end of 2021[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,186[13] - The largest shareholder, Zhejiang Deren Industrial Holdings Group Co., Ltd., holds 87,947,500 shares, accounting for 42.37% of total shares[13] - The company's equity attributable to shareholders increased by 10.63% year-on-year, reaching ¥367,202,555.98[6] - The total equity attributable to shareholders reached ¥367,202,555.98, up from ¥331,911,953.18 in the same period of 2021, reflecting a growth of approximately 10.6%[18] Investments and Projects - The company has ongoing investments in construction projects, with a 62.83% increase in construction in progress due to the "Yuexin Third Workshop Project"[10] - The company implemented a restricted stock incentive plan, resulting in a share-based payment expense of ¥13,683,900 for the reporting period[7] Receivables and Inventory - The company reported a significant decrease of 62.29% in receivables financing at the end of the reporting period, primarily due to increased bank acceptance payments[10] - The accounts receivable as of September 30, 2022, are ¥377,902,331.98, compared to ¥351,298,665.64 at the end of 2021[16] - The company reported a decrease in inventory to ¥176,246,810.23 from ¥156,172,143.17 year-over-year[16]

Financial Performance - The company's revenue for the first half of 2022 was approximately RMB 327.96 million, a decrease of 4.85% compared to RMB 344.68 million in the same period last year[19]. - Net profit attributable to shareholders increased by 426.79% to RMB 16.19 million from RMB 3.07 million year-on-year[19]. - The basic earnings per share rose to RMB 0.08, a 300% increase from RMB 0.02 in the previous year[19]. - The net profit after deducting non-recurring gains and losses surged by 3,417.35% to RMB 14.28 million from RMB 405,909.42[19]. - The weighted average return on net assets increased to 4.76%, up 4.19 percentage points from 0.57%[19]. - The company's total assets grew by 7.14% to RMB 1.48 billion from RMB 1.38 billion at the end of the previous year[19]. - The net cash flow from operating activities decreased by 253.48% to -RMB 34.75 million, compared to RMB 22.64 million in the same period last year[19]. - The company achieved a net profit of 16.19 million yuan, representing a 426.79% increase compared to the same period last year[34]. - The company reported a net loss of CNY 11,602,944.17, an improvement from a loss of CNY 27,789,042.49 in the previous period[102]. - The total comprehensive income for the first half of 2022 was ¥15,789,833.52, compared to ¥1,350,112.98 in the first half of 2021[109]. Cash Flow and Investments - The net cash flow from operating activities decreased by 253.48% to -34,746,885.96 RMB compared to 22,638,682.75 RMB in the previous year[40]. - The net cash flow from investing activities improved by 63.39% to -41,128,774.69 RMB, a significant reduction from -112,392,225.65 RMB in the previous year[40]. - The net cash flow from financing activities increased by 49.81% to 116,171,334.30 RMB, up from 77,547,933.32 RMB in the previous year[40]. - Cash and cash equivalents increased by 67.11% to 207,032,494.18 RMB, compared to 123,888,421.21 RMB at the end of the previous year[42]. - The company reported a net increase in cash and cash equivalents of CNY 39,964,086.86, compared to a decrease of CNY 12,387,331.35 in the same period last year[117]. Operational Highlights - The company attributed the significant profit growth to the new industrial waste salt project launched by its wholly-owned subsidiary, which improved product gross margins[19]. - The company has implemented stricter cost control measures, resulting in a reduction of operating expenses compared to the previous year[19]. - The company has successfully processed 13,547 tons of waste salt, generating additional revenue of 38.38 million yuan and a net profit of 10.41 million yuan from the waste salt project[37]. - The company has established a waste salt resource recovery project, utilizing low-temperature anaerobic carbonization technology to achieve resource recovery[30]. - The company is actively developing a smart cloud platform for hazardous waste collection, providing management services for small and micro enterprises[30]. Market and Industry Position - The company focuses on air and solid waste treatment, with key areas including ultra-low emissions transformation in thermal power and carbon capture technology development[24]. - The solid waste treatment industry faces a challenge with approximately 60 billion tons of accumulated solid waste and an annual increase of nearly 3 billion tons[26]. - The company aims to become a comprehensive service provider in solid waste treatment, leveraging policy opportunities and market demand[29]. - The company is positioned to benefit from the growing demand for environmental services along the Belt and Road Initiative[25]. - The company has established a strong brand presence in Southeast Asia, partnering with well-known companies like TATA and L&T[33]. Environmental Compliance and Governance - The company reported a COD emission of 127 mg/l, significantly below the permitted level of 500 mg/l, indicating compliance with environmental regulations[61]. - The actual ammonia nitrogen emission was 10.1 mg/l, well under the permitted concentration of 35 mg/l, demonstrating effective pollution control measures[61]. - The company has implemented a comprehensive environmental monitoring program, with quarterly assessments conducted by a qualified third-party agency[66]. - The company has successfully maintained compliance with all environmental standards, with no administrative penalties reported during the reporting period[68]. - The company has invested in advanced pollution control technologies, including a gas purification system for its waste salt resource utilization project[63]. Shareholder and Equity Information - The company has a registered capital of RMB 207.56 million and a total of 207.56 million shares, with 202 million shares being tradable A-shares[139]. - The total number of ordinary shareholders was 14,799[88]. - The largest shareholder, Zhejiang Deneng Industrial Holdings Group Co., Ltd., held 87,947,500 shares, representing 42.37% of the total shares[90]. - The total number of shares increased to 207,560,000 after the issuance of new shares under the incentive plan[85]. - The company completed the first grant of 5,560,000 restricted stocks under the 2022 incentive plan at a price of 9.20 yuan per share[87]. Research and Development - The company’s R&D expenses decreased by 31.49% to approximately 11.58 million yuan, reflecting a focus on cost management[39]. - The company holds a total of 237 authorized patents, including 22 invention patents, as of the end of the reporting period[31]. - The company has made significant advancements in CCUS technology, collaborating with partners to address key technical challenges in carbon capture and utilization[36]. - The company plans to focus on enhancing its capital structure and improving profitability in the upcoming quarters[138]. Financial Management and Risk - The company has allocated 51,152,000.00 for general risk reserves, indicating a proactive approach to financial management[126]. - The company is actively managing accounts receivable to mitigate risks associated with long collection periods[50]. - The company has a commitment to reducing carbon emissions, although specific measures and outcomes were not detailed in the report[69]. - The company has a continuous operation basis and does not have any significant doubts regarding its ability to continue operations for the next 12 months[144].

Financial Performance - The company's revenue for Q1 2022 reached ¥200,458,389.98, representing a year-on-year increase of 108.21%[3] - Net profit attributable to shareholders was ¥10,117,886.26, marking the first profitable Q1 since the company's listing[4] - The gross margin improved significantly, increasing by 2.81 percentage points compared to the same period last year[4] - Total operating revenue for Q1 2022 reached ¥200,458,389.98, a significant increase of 108.3% compared to ¥96,278,711.19 in Q1 2021[18] - The company reported a net profit of ¥9,877,652.43 in Q1 2022, compared to a net loss of ¥14,537,279.05 in Q1 2021, marking a turnaround[19] - Earnings per share (EPS) for Q1 2022 was ¥0.05, compared to a loss per share of ¥0.07 in Q1 2021[20] - Operating profit for Q1 2022 was ¥10,435,445.43, a recovery from an operating loss of ¥14,646,089.40 in Q1 2021[19] - The comprehensive income total for Q1 2022 was ¥9,876,110.77, compared to a comprehensive loss of ¥14,628,387.91 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥41,689,969.06, a decrease of 468.87% year-on-year[3] - Cash inflow from operating activities for Q1 2022 was $183.74 million, a slight decrease from $185.11 million in Q1 2021[24] - Cash outflow from operating activities increased to $225.43 million in Q1 2022, compared to $173.81 million in Q1 2021[24] - Net cash flow from operating activities turned negative at -$41.69 million in Q1 2022, down from a positive $11.30 million in Q1 2021[24] - Cash inflow from investing activities was $35.61 million in Q1 2022, compared to $0.30 million in Q1 2021[25] - Net cash flow from investing activities was -$34.14 million in Q1 2022, slightly worse than -$33.81 million in Q1 2021[25] - Cash inflow from financing activities increased significantly to $201.84 million in Q1 2022, up from $58.00 million in Q1 2021[25] - Net cash flow from financing activities was $63.31 million in Q1 2022, a turnaround from -$4.35 million in Q1 2021[25] - The ending cash and cash equivalents balance for Q1 2022 was $50.46 million, compared to $34.60 million at the end of Q1 2021[25] - The company experienced a negative impact of -$743,860.03 from foreign exchange fluctuations on cash and cash equivalents in Q1 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,408,905,470.99, an increase of 2.24% from the end of the previous year[4] - Current assets totaled RMB 959,166,366.25, up from RMB 925,509,596.82, indicating an increase of about 3.6%[14] - The company’s total liabilities decreased to RMB 1,352,351,104.70 from RMB 1,453,758,393.94, indicating a reduction of about 6.9%[15] - The total liabilities as of Q1 2022 amounted to ¥1,066,159,209.62, slightly up from ¥1,045,202,666.85 in the previous year[16] - The company's total equity attributable to shareholders was ¥342,041,882.07 in Q1 2022, an increase from ¥331,911,953.18 in Q1 2021[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,994[9] Business Strategy - The company plans to continue expanding its market presence and enhancing its product offerings[4] - The company has been developing high-margin new products, contributing to the revenue growth[4] Research and Development - The company incurred research and development expenses of ¥5,797,134.35 in Q1 2022, down 33.5% from ¥8,764,411.25 in Q1 2021[18] Financial Expenses - Financial expenses increased to ¥6,847,420.97 in Q1 2022, compared to ¥4,792,984.96 in Q1 2021, primarily due to higher interest expenses[18] Inventory and Receivables - Accounts receivable increased by 253.66% due to the significant growth in revenue[6] - Accounts receivable rose to RMB 391,820,849.48 from RMB 351,298,665.64, representing an increase of approximately 11.5%[14] - The company reported a significant increase in notes receivable, which rose to RMB 15,393,201.43 from RMB 4,352,520.00, marking an increase of approximately 253.5%[14] - Inventory decreased to RMB 149,186,872.78 from RMB 156,172,143.17, reflecting a decline of about 4.5%[14]

Financial Performance - The company's operating revenue for 2021 was ¥615,887,444.57, representing a 45.25% increase compared to ¥424,027,744.33 in 2020[22]. - The net profit attributable to shareholders of the listed company was -¥80,973,886.95, an improvement from -¥122,294,973.54 in the previous year[22]. - The net cash flow from operating activities was -¥27,452,246.45, showing a significant reduction in cash outflow compared to -¥65,339,042.07 in 2020[22]. - The total assets increased by 8.67% to ¥1,378,059,705.10 from ¥1,268,095,856.16 in 2020[23]. - The net assets attributable to shareholders decreased by 19.41% to ¥331,911,953.18 from ¥411,865,977.19 in 2020[23]. - The basic earnings per share for 2021 was -¥0.40, an improvement from -¥0.61 in 2020[24]. - The weighted average return on net assets was -21.77%, an increase of 4.08 percentage points from -25.85% in 2020[24]. - The company reported a total asset of 1,378.06 million yuan and a net asset of 331.91 million yuan, a year-on-year decrease of 19.41%[42]. - The operating revenue for the reporting period was 615.89 million yuan, representing a year-on-year growth of 45.25%[42]. - The net profit attributable to shareholders was a loss of 80.97 million yuan, primarily due to the impact of the overseas pandemic and rising raw material costs[42]. Operational Developments - The company secured new orders worth RMB 788 million in the flue gas treatment segment, achieving revenue of RMB 603 million, a year-on-year increase of 42.49%[30]. - The first phase of the 25,000 tons/year waste salt resource utilization project commenced stable production in December 2021, with a signed contract volume of 50,000 tons[31]. - The company plans to establish a new 50,000 tons organic waste liquid resource utilization project and a 20,000 tons waste salt residue resource utilization project[32]. - The company has formed a partnership to establish a Green Low-Carbon Research Institute, focusing on key technologies such as carbon capture and special catalysts[32]. - The company is actively pursuing the replication of its waste salt project across various provinces to reduce land occupation and pollution[32]. - The company has developed a low-temperature anaerobic graded critical carbonization cracking furnace process for industrial waste salt disposal, recovering high-purity sodium chloride and sodium sulfate as by-products[37]. - The company aims to achieve a 100% harmless disposal rate for industrial hazardous waste and medical waste by the end of 2022, and to promote "zero emissions" of hazardous waste by 2025 in Zhejiang Province[36]. Market and Competitive Landscape - The company is actively expanding its market presence in Southeast Asia, where the demand for flue gas treatment is expected to grow significantly due to environmental pressures[37]. - The company has established long-term partnerships with well-known enterprises in Southeast Asia, enhancing its brand recognition in the flue gas treatment market[41]. - The company is focusing on solid waste and hazardous waste treatment, which is expected to become a key development direction under the "waste-free city" initiative[40]. - The company has faced challenges in project execution in Taiwan and India due to the pandemic, affecting its overseas business revenue[42]. - The competitive landscape in the hazardous waste management sector is intensifying, with new entrants expected to increase competition and pressure on profit margins[80]. Financial Management and Governance - The company maintains a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[83]. - The board of directors and various committees are actively involved in decision-making processes, providing professional insights for strategic decisions[83]. - The company has established an independent financial department and accounting system to ensure financial autonomy and compliance[86]. - The company has a complete and independent asset structure, with clear ownership of land, property, trademarks, and patents[86]. - The management team operates independently, with no reliance on the controlling shareholder for business operations[86]. - The company is committed to transparent information disclosure, ensuring all shareholders have equal access to company information[85]. Employee and Social Responsibility - The company has a comprehensive welfare system, providing five insurances and one fund, holiday benefits, and communication subsidies to enhance employee satisfaction[119]. - The company conducts regular performance evaluations to adjust employee compensation and offers promotion pathways for outstanding employees[119]. - The company emphasizes training, providing professional and personalized training courses for all employees, including new employee orientation[120]. - The company organized a child care program for employees' children during the winter holiday, addressing safety concerns and demonstrating care for employees[144]. - The company actively participates in social welfare activities, including donating materials to support elderly party members in local villages[145]. Environmental Compliance - The company has implemented pollution prevention facilities, including a wastewater treatment system that meets discharge standards[135]. - The company has received environmental impact assessment approvals for multiple projects, including a project for producing 10,000 cubic meters of high-performance denitration catalyst[137]. - The company has prepared emergency response plans for environmental incidents, which have been filed with the local environmental authority[139]. - The company commissioned third-party monitoring agencies to assess wastewater, waste gas, and noise levels quarterly, with all results meeting national and local standards[140]. - The company has no administrative penalties related to environmental issues during the reporting period[141]. Risks and Challenges - The company faces risks from potential changes in national policies affecting the environmental sector, which could impact its hazardous waste business[79]. - The company has a significant accounts receivable balance, which poses a risk of bad debt losses, and is implementing measures to manage this risk effectively[80]. - Significant increases in raw material prices, including steel, titanium dioxide, and resin, along with rising international shipping costs, have negatively impacted profit margins[81]. - The company plans to enhance product and service quality to improve pricing power and mitigate the effects of currency appreciation[81]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 7,914[164]. - The largest shareholder, Zhejiang Deneng Industrial Holding Group Co., Ltd., holds 87,947,500 shares, accounting for 43.54% of total shares[166]. - The top ten shareholders include Hangzhou Zhanchuang Enterprise Management Partnership with 11,918,000 shares (5.90%) and Yongxin County Dechuang Enterprise Management Co., Ltd. with 7,012,500 shares (3.47%)[166]. - The company has not disclosed any significant changes in its share capital structure during the reporting period[162]. - The company has not engaged in any significant related party transactions during the reporting period[157].

Financial Performance - The company's operating revenue for Q3 2021 was ¥133,336,814, a decrease of 13.88% compared to the same period last year, while the year-to-date revenue increased by 46.29% to ¥478,017,448.31[4] - The net profit attributable to shareholders was -¥16,545,011.93 for the quarter, with a year-to-date net profit of -¥13,472,415.13, indicating a significant loss[4] - The basic and diluted earnings per share for the quarter were both -¥0.09, compared to -¥0.07 in the same period last year[5] - The net profit for the third quarter was reported at -¥14,734,465.56, compared to -¥43,084,464.44 in the previous year, showing an improvement in losses[20] - The company reported a basic earnings per share of -¥0.07, an improvement from -¥0.20 in the same quarter last year[21] - Other comprehensive income after tax showed a loss of -¥213,253.92, compared to -¥176,997.89 in the previous year, indicating ongoing challenges[21] Assets and Liabilities - Total assets increased by 14.75% year-on-year to ¥1,455,160,680.86, while equity attributable to shareholders decreased by 3.16% to ¥398,837,729.63[5] - Total assets increased to ¥1,455,160,680.86 from ¥1,268,095,856.16, representing a growth of approximately 14.74% year-over-year[15] - Total liabilities rose to ¥1,054,638,303.61, up from ¥855,294,009.22, indicating an increase of about 23.33%[15] - The total liabilities as of September 30, 2021, were ¥855,294,009.22, compared to ¥856,195,841.13 at the end of 2020, indicating a marginal decrease[27] - The company's total equity remained stable at ¥412,801,846.94 as of September 30, 2021, reflecting consistent financial health[27] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥34,609,637.77, reflecting improved cash generation[4] - The net cash flow from operating activities for the first three quarters of 2021 was ¥34,609,637.77, a significant improvement compared to a net outflow of ¥90,432,017.23 in the same period of 2020[22] - Total cash inflow from operating activities increased to ¥581,252,586.82 in 2021 from ¥541,275,937.10 in 2020, representing a growth of approximately 7.5%[22] - Cash outflow from operating activities decreased to ¥546,642,949.05 in 2021 from ¥631,707,954.33 in 2020, indicating a reduction of about 13.5%[22] - The net cash flow from investing activities was -¥110,693,887.54 for the first three quarters of 2021, compared to -¥38,725,905.78 in 2020, reflecting increased investment expenditures[23] - Cash inflow from financing activities rose to ¥420,800,000.00 in 2021, up from ¥173,023,629.50 in 2020, marking a growth of approximately 143%[23] - The net cash flow from financing activities was ¥55,337,867.31 in 2021, compared to ¥49,814,261.09 in 2020, showing a slight increase of about 11%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,880[9] - The company has a significant shareholder structure, with Zhejiang Deneng Industrial Holding Group Co., Ltd. holding 87,947,500 shares, representing 43.54% of total shares[10] Investments and Projects - The company has ongoing investments in the "New 50,000 tons of waste salt residue resource utilization project," contributing to increased construction in progress[8] - The company reported a 180.28% increase in prepaid expenses, attributed to increased revenue and ongoing projects[8] - Contract liabilities surged by 362.71%, indicating a significant rise in advance payments received[8] - The company experienced a 50.82% increase in operating costs year-to-date, primarily due to the growth in operating revenue[8] Future Outlook and Strategy - Future outlook includes potential market expansion and new product development strategies, although specific figures were not disclosed in the call[12] - The company is focusing on enhancing its technological capabilities and exploring mergers and acquisitions to strengthen its market position[12]

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 344,680,634.31, representing a year-on-year increase of 100.47% compared to RMB 171,937,260.18 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 3,072,596.80, a significant turnaround from a loss of RMB 33,336,985.99 in the previous year[17]. - The net cash flow from operating activities increased by RMB 226,386,215.27, improving from a negative cash flow of RMB 84,935,532.52 in the same period last year[17]. - The company's total assets at the end of the reporting period were RMB 1,353,934,265.47, up 6.77% from RMB 1,268,095,856.16 at the end of the previous year[17]. - The weighted average return on net assets increased to 0.57%, up 7.00 percentage points from -6.43% in the same period last year[18]. - The company reported a basic earnings per share of RMB 0.02, compared to a loss of RMB 0.17 per share in the same period last year[18]. - The net profit after deducting non-recurring gains and losses was RMB 405,909.42, recovering from a loss of RMB 37,188,748.54 in the previous year[17]. - The total net assets attributable to shareholders increased to RMB 414,820,388.56, a 0.72% increase from RMB 411,865,977.19 at the end of the previous year[17]. - Non-recurring gains totaled RMB 2,666,687.38, contributing positively to the net profit for the period[21]. Operational Developments - The company attributed the revenue growth to reduced impact from the pandemic and proactive adjustments in operational strategies[19]. - The company has obtained a hazardous waste operation license for the first phase of its new project, which aims to process 25,000 tons of hazardous waste per year[23]. - The company is actively expanding its overseas market presence, particularly in Indonesia and Vietnam, where significant demand for flue gas treatment is expected due to new power generation projects[25]. - The company has introduced new production equipment, which has improved production capacity and reduced labor costs, contributing to a significant increase in total output value compared to the previous year[28]. - The company holds 184 authorized patents, including 11 invention patents, reflecting its commitment to continuous technological innovation[27]. - The company is focusing on developing new products such as low SO2 oxidation rate catalysts and high-temperature catalysts to enhance its competitive edge in the industry[28]. - The solid waste treatment industry is expected to grow significantly due to increasing government regulations and the need for comprehensive waste management solutions[25]. - The company is involved in a pilot project for centralized hazardous waste collection for small and micro enterprises, enhancing its service offerings in the solid waste sector[24]. - The company aims to cover the entire solid waste treatment industry chain, including soil pollution remediation and waste incineration, aligning with national waste-free city initiatives[24]. Financial Position - Operating costs increased to ¥274,724,309.48, reflecting a year-on-year growth of 101.87% due to the rise in operating revenue[32]. - The company's inventory decreased by 39.84% to ¥109,954,031.36, attributed to effective pandemic control and accelerated order delivery[34]. - Contract assets increased by 50.79% to ¥286,040,502.70, due to a rise in completed but unsettled assets[34]. - The net cash flow from financing activities increased by 131.56% to ¥77,547,933.32, primarily due to an increase in short-term borrowings[31]. - The company received an interest-free loan of ¥39,500,000 from its shareholder to support the new waste processing project[36]. - Total current assets as of June 30, 2021, amount to 956,876,520.49 RMB, an increase from 895,614,263.89 RMB at the end of 2020[86]. - Cash and cash equivalents decreased to 75,941,255.20 RMB from 92,027,075.55 RMB[86]. - Accounts receivable increased to 355,725,387.32 RMB from 335,406,551.81 RMB[86]. - Total liabilities reached CNY 937,298,126.31, up from CNY 855,294,009.22, which is an increase of approximately 9.59%[88]. Risks and Challenges - The company faces risks from national and industry policy changes, which could significantly impact its solid waste and hazardous waste management business[43]. - The company has a substantial accounts receivable balance, which poses a risk of bad debt losses due to long collection periods[43]. - Increased competition in the solid waste and hazardous waste management market is anticipated, potentially squeezing industry profits[44]. - Tensions in Sino-Indian relations may adversely affect the company's bidding and project execution in India, a key overseas market[44]. - The company is closely monitoring the COVID-19 situation in India, as it could impact overall performance and project execution[45]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has established various pollution control measures, including continuous and phased emission controls[51]. - In the first half of 2021, the actual discharge of COD was 0.813 t/a, significantly below the permitted level of 2.0 t/a, indicating compliance with discharge standards[52]. - The company has implemented a comprehensive environmental monitoring program, with quarterly assessments conducted by qualified third-party agencies[57]. - No administrative penalties were imposed on the company for environmental issues during the reporting period[58]. - The company has received environmental impact assessment approvals for multiple projects, including a high-performance catalyst production project[54]. Shareholder Information - The company reported no profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses proposed[49]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[50]. - The total number of common shareholders as of the end of the reporting period is 9,740[75]. - The largest shareholder, Zhejiang Deneng Industrial Holdings Group Co., Ltd., holds 87,947,500 shares, accounting for 43.54% of total shares[77]. - Hong Kong Rongzhi Group Limited reduced its holdings by 4,040,000 shares, now holding 25,292,000 shares, representing 12.52%[77]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[135]. - The company adheres to the accounting standards, ensuring that financial reports reflect the true financial condition and operating results[136]. - The company’s financial reports are prepared in Renminbi, following the Chinese accounting standards[140]. - The company applies a perpetual inventory system for inventory management[163]. - The company recognizes revenue based on the progress of performance obligations, confirming income during the period when obligations are fulfilled[199].

Financial Performance - The company's operating revenue for 2020 was approximately RMB 424 million, a decrease of 45.44% compared to RMB 777 million in 2019[21]. - The net profit attributable to shareholders for 2020 was a loss of approximately RMB 122 million, compared to a profit of RMB 6.25 million in 2019[21]. - The net cash flow from operating activities for 2020 was a negative RMB 65.34 million, a decline of 552.15% from RMB 14.45 million in 2019[21]. - The total assets at the end of 2020 were approximately RMB 1.27 billion, down 7.00% from RMB 1.36 billion at the end of 2019[21]. - The company's net assets attributable to shareholders decreased by 22.91% to approximately RMB 411.87 million from RMB 534.25 million in 2019[21]. - Basic earnings per share for 2020 were -0.61 yuan, a decrease of 2,133.33% compared to 0.03 yuan in 2019[22]. - The weighted average return on equity for 2020 was -25.85%, a decrease of 27.03 percentage points from 1.18% in 2019[22]. - The decline in revenue was primarily due to the impact of the pandemic and the bilateral relations between China and India, affecting project execution in Taiwan and India[23]. - The company did not distribute cash dividends or bonus shares for 2020 due to negative net profits[5]. - The company reported a net loss of approximately 122.29 million RMB, resulting in no cash dividends being distributed[94]. Revenue Breakdown - In 2020, the company reported total revenue of RMB 126.33 million in Q2, RMB 154.83 million in Q3, and RMB 97.26 million in Q4, with a total annual revenue of RMB 45.60 million in Q1[25]. - The sales revenue from denitration catalysts was RMB 185.58 million, down 42.45% year-on-year, while flue gas treatment engineering revenue fell by 64.10% to RMB 118.33 million[45]. - Revenue from desulfurization equipment was approximately ¥71.71 million, down 10.16% year-over-year, with a gross profit margin of 15.89%[48]. - The total revenue for the environmental protection industry was approximately ¥424 million, with a year-over-year decrease of 45.44%[47]. - The gross profit margin for the environmental protection industry was 12.65%, reflecting a decline of 11.01 percentage points compared to the previous year[47]. Operational Challenges - The company is facing risks from the ongoing COVID-19 pandemic, which has affected order execution and overall performance[86]. - Tensions in China-India relations may impact the company's ability to expand in the Indian market, although no specific restrictions have been imposed yet[85]. - The company emphasizes maintaining good relationships with local clients in India to mitigate risks from geopolitical tensions[85]. - The company has reduced its EPC project team from over 200 to nearly 70 personnel, focusing resources on core business areas and improving operational efficiency[39]. - The company has reported an increase in inventory levels due to a larger decline in sales compared to production[50]. Strategic Focus - The company plans to focus on project construction and strategic planning despite the financial challenges faced in 2020[5]. - The company is actively expanding into solid waste management, with a new project aimed at processing 50,000 tons of industrial waste salt annually, which is nearing completion[30]. - The company is focusing on technological development in soil pollution remediation and waste incineration, expanding its capabilities in the solid waste treatment sector[31]. - The company plans to expand its overseas market presence, although growth has been hindered by the pandemic and geopolitical issues[48]. - The company is focusing on enhancing its core competitiveness in the environmental protection industry, particularly in flue gas governance and solid waste treatment[80]. Research and Development - Research and development expenses totaled 28.52 million yuan, which is 6.73% of total revenue, with a year-on-year increase of 3.58%[59]. - The company has filed 58 new patents during the reporting period, bringing the total number of authorized patents to 180, including 7 invention patents[35]. - The company will continue to invest in R&D to innovate and improve product technology, aligning with market demands[82]. Governance and Compliance - The company has a structured decision-making process for profit distribution, requiring approval from the board and independent directors[91]. - The company has committed to transparency regarding any unfulfilled commitments and their consequences[96]. - The company has maintained a stable governance structure with ongoing roles in various other organizations by its executives[150]. - The company emphasizes compliance with the Company Law and Securities Law, ensuring a robust governance structure[164]. - The company has not faced any regulatory actions or penalties since its listing, indicating a stable compliance record[157]. Environmental Impact - The company achieved compliance with environmental discharge standards, with actual COD emissions at 121 mg/l against a permitted concentration of 500 mg/l, and actual ammonia nitrogen emissions at 7.1 mg/l against a permitted concentration of 35 mg/l[118]. - The company has implemented effective pollution control measures, including the use of a wet electrostatic precipitator for dust and ammonia gas absorption, ensuring compliance with emission standards[119]. - The company has established a research center for air pollution prevention and control technologies, receiving environmental approval for its construction[120]. - The company has received environmental impact assessment approvals for multiple projects, including a high-performance flue gas denitration catalyst production project with an annual capacity of 10,000 cubic meters[120]. Shareholder Relations - The company has established a cash dividend policy, aiming to distribute at least 30% of the average distributable profit over the last three years in cash dividends[88]. - The cash dividend distribution ratio is set to be no less than 20% of the distributable profit for the year, with higher ratios for mature stages of development[90]. - The company plans to maintain a stable and continuous profit distribution policy, ensuring reasonable returns to shareholders[92]. - The company has committed to a 36-month lock-up period for shareholders, during which they will not transfer or manage their shares[95]. - The company has confirmed that all commitments related to the initial public offering (IPO) have been fulfilled as of the reporting date[96].

Financial Performance - Operating revenue for the current period was CNY 96,278,711.19, representing an increase of 111.13% year-on-year[5]. - The net profit attributable to shareholders of the listed company was CNY -16,185,635.58, a reduction of 21.55% compared to the previous year[5]. - The basic and diluted earnings per share improved to CNY -0.07, a 24.69% increase from CNY -0.09 in the previous year[5]. - Total operating revenue for Q1 2021 was ¥96,278,711.19, a 111.1% increase from ¥45,602,564.22 in Q1 2020[21]. - Net loss for Q1 2021 was ¥14,537,279.05, compared to a net loss of ¥19,425,721.02 in Q1 2020, representing a 25.0% improvement[22]. - Total comprehensive loss for Q1 2021 was -¥14,628,387.91, an improvement from -¥19,628,754.38 in Q1 2020[22]. Cash Flow - Net cash flow from operating activities improved significantly to CNY 11,302,162.94, a 115.65% increase compared to the same period last year[5]. - The company reported a significant improvement in cash flow, indicating a positive trend in operational efficiency[5]. - Cash received from sales and services rose by 53.68% to ¥163,180,483.26, reflecting increased operating income[12]. - Cash generated from operating activities in Q1 2021 was ¥163,180,483.26, an increase from ¥106,180,007.04 in Q1 2020[26]. - The company reported a net cash flow from operating activities of -¥18.65 million, an improvement from -¥78.81 million year-over-year[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,217,543,835.67, a decrease of 3.99% compared to the end of the previous year[5]. - Total liabilities decreased from CNY 855,294,009.22 to CNY 818,272,131.22, a reduction of about 4.3%[16]. - Current liabilities decreased from CNY 828,607,839.96 to CNY 791,676,654.30, a decrease of approximately 4.5%[15]. - Total equity decreased from CNY 412,801,846.94 to CNY 399,271,704.45, a decline of about 3.3%[16]. - Cash and cash equivalents at the end of the period decreased by 45.90% to ¥34,603,872.93, mainly due to investments in the environmental salt project[12]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,296[8]. - The largest shareholder, Zhejiang DeNeng Industrial Holdings Group Co., Ltd., held 43.54% of the shares[8]. Operating Costs and Expenses - Operating costs increased by 126.42% to ¥78,331,394.85, driven by the rise in operating revenue[11]. - Financial expenses for Q1 2021 were ¥4,792,984.96, compared to ¥3,302,638.32 in Q1 2020, indicating a 45.1% increase[21]. - The company reported a significant decrease in financial expenses by 45.13% to ¥4,792,984.96, attributed to increased short-term borrowings[11]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,189,849.31 for the current period[6]. - Research and development expenses for Q1 2021 were ¥8,764,411.25, up from ¥7,457,245.86 in Q1 2020[21]. - Investment income for Q1 2021 was a loss of ¥1,511,878.88, compared to a loss of ¥295,202.80 in Q1 2020[21].

Financial Performance - Net profit attributable to shareholders decreased by 324.02% to a loss of CNY 40,915,113.57 for the year-to-date period[6] - Operating revenue fell by 36.52% to CNY 326,765,132.79 compared to the same period last year[6] - Basic earnings per share decreased by 305.10% to a loss of CNY 0.20 per share[6] - The company reported a net loss of CNY 44,944,444.32 after deducting non-recurring gains and losses[6] - Net profit decreased by 337.99% to -¥43,084,464.44, reflecting a significant decline in operating income[13] - The net profit for Q3 2020 was a loss of ¥8,211,961.98, compared to a profit of ¥5,068,773.45 in Q3 2019, indicating a significant decline[27] - The net profit for Q3 2020 was a loss of ¥5,362,886.59, compared to a profit of ¥7,663,638.48 in Q3 2019, marking a significant decline[30] - The total comprehensive income for Q3 2020 was -¥8,259,931.09, compared to ¥5,085,025.74 in Q3 2019[30] Cash Flow - Net cash flow from operating activities decreased by 64.01% to a negative CNY 90,432,017.23 for the year-to-date period[6] - Cash flow from operating activities showed a net outflow of -¥90,432,017.23, a 64.01% increase in outflow compared to the previous year[14] - The cash flow from operating activities for the first three quarters of 2020 was ¥541,275,937.10, compared to ¥591,787,804.84 in the same period of 2019[32] - The net cash flow from financing activities for the first nine months of 2020 was 49,814,261.09 RMB, a significant improvement from -502,436.77 RMB in the same period of 2019[35] - The company reported a total operating cash outflow of 631,707,954.33 RMB in Q3 2020, slightly decreased from 646,927,280.30 RMB in Q3 2019[33] Assets and Liabilities - Total assets decreased by 5.51% to CNY 1,288,479,801.71 compared to the end of the previous year[6] - Total current assets decreased to CNY 1,010,674,529.02 from CNY 1,123,228,709.93, reflecting a decline of approximately 10%[18] - The company’s total liabilities decreased to CNY 794,670,803.04 from CNY 826,532,367.67, a reduction of approximately 3.9%[20] - The total liabilities as of Q3 2020 amounted to ¥768,492,230.78, a decrease from ¥803,870,961.22 in the previous year[23] - The total assets as of Q3 2020 were ¥1,271,824,075.45, down from ¥1,341,834,329.07 in the previous year[23] Revenue and Costs - Total operating revenue for Q3 2020 was ¥154,827,872.61, a decrease of 32.7% compared to ¥230,386,628.41 in Q3 2019[25] - Total operating costs for Q3 2020 were ¥164,288,209.04, down from ¥219,411,244.92 in Q3 2019, reflecting a reduction of 25.1%[25] - The total operating costs for Q3 2020 were ¥123,788,647.05, down from ¥173,935,420.96 in Q3 2019[29] Shareholder Information - The total number of shareholders at the end of the reporting period is not specified, but the report includes details on the top ten shareholders[9] Government Support - The company received government subsidies amounting to ¥5,359,745.31, an increase of 585.81% compared to the previous year[13] - The company reported a significant increase in tax refunds received, amounting to ¥3,094,667, a 600.18% increase year-on-year[14] Investment and Equity - The company reported a net investment income of CNY 30,276.31, a decrease of 98.55% compared to the same period last year[15] - The company’s long-term equity investments increased to CNY 21,429,048.54 from CNY 18,561,314.13, an increase of approximately 15.5%[19] - Shareholders' equity totaled CNY 537,046,976.05, with CNY 534,254,495.95 attributed to the parent company's equity[39] Miscellaneous - The report indicates that the third-quarter results have not been audited[6] - The company executed a new revenue standard from January 1, 2020, adjusting previously classified "prepayments" to "contract liabilities"[43]