证券代码：603200 证券简称：上海洗霸 公告编号：2023-029 上海洗霸科技股份有限公司 关于召开 2022 年度业绩说明会预告公告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 4 月 7 日（星期五）下午 14:00- 15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 3 月 30 日（星期四）至 4 月 6 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 shech@china-xiba.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。 上海洗霸科技股份有限公司（以下简称公司）已于 2023 年 2 月 28 日披露了公司《2022 年年度报告》及摘要，详见刊登于上海证券 交易所网站（www.sse.com.cn）及《上海证券报》的相关文件。 为便于广大投资者更全面深入 ...

Financial Performance - The company's operating revenue for 2022 was CNY 604.98 million, representing a year-on-year increase of 8.04%[24]. - The net profit attributable to shareholders for 2022 was CNY 42.27 million, a growth of 3.02% compared to the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47.62 million, reflecting a significant increase of 25.98% year-on-year[26]. - The net cash flow from operating activities reached CNY 98.53 million, a substantial increase of 341.52% compared to the previous year[24]. - The total assets at the end of 2022 amounted to CNY 1,373.11 million, an increase of 11.49% from the previous year[24]. - The net assets attributable to shareholders at the end of 2022 were CNY 880.95 million, up by 5.56% year-on-year[24]. - The basic earnings per share for 2022 remained stable at CNY 0.24, while the diluted earnings per share also stood at CNY 0.24[27]. - The basic earnings per share after deducting non-recurring gains and losses increased by 27.27% to CNY 0.28[25]. - The weighted average return on equity was 4.98%, a slight decrease of 0.03 percentage points from the previous year[25]. Dividend Policy - The profit distribution plan for 2022 proposes a cash dividend of 0.75 RMB per 10 shares (including tax), with no stock bonus or capital increase[6]. - The total cash dividend amount for 2022 is 13,021,187.03 yuan, which represents 30.80% of the net profit attributable to ordinary shareholders[153]. - The company has a cash dividend policy that requires a minimum of 30% of distributable profits to be distributed as cash dividends annually[144]. - The company emphasizes a stable profit distribution policy, aiming for continuous and sustainable returns to investors[144]. - The company has strictly adhered to the cash dividend policy as per the regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange[147]. Corporate Governance - The company’s board of directors operates in compliance with legal requirements, ensuring independent decision-making and protecting shareholder rights[115]. - The company’s supervisory board is structured to meet legal requirements and effectively oversees the actions of directors and senior management[116]. - The company’s governance structure is continuously improved to align with regulatory standards, ensuring transparency and accountability in information disclosure[116]. - The independent directors and supervisory board members received a fixed remuneration of 6.00 million yuan each for the reporting period[120]. - The company has established a comprehensive decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[151]. Risk Management - The report includes a detailed description of potential risks in the "Management Discussion and Analysis" section[8]. - The company is at risk of changes in tax incentive policies for high-tech enterprises, which could affect future net profits if the qualifications are not maintained[111]. - The company faces market competition risks due to the low concentration of the water treatment service industry in China, which may lead to unregulated competition affecting profit margins[109]. - The company is experiencing increased financial pressure due to significant project investments and ongoing mergers and acquisitions, which may lead to higher debt levels and cash flow volatility[112]. Research and Development - The company holds 55 authorized patents, including 50 invention patents and 5 utility model patents, demonstrating strong R&D capabilities in water treatment chemicals and technologies[51]. - The company’s total R&D expenses for 2022 amounted to ¥37,354,649.66, representing 6.17% of total revenue[73]. - The number of R&D personnel is 118, which constitutes 11.39% of the total workforce[74]. - The company has no capitalized R&D expenses, indicating a focus on immediate R&D costs[73]. - The company plans to increase its investment in research and development by 20% in the next fiscal year to support new technology initiatives[123]. Environmental Commitment - The company is addressing severe water resource shortages and pollution issues in China, which are critical for its service industry[42][43]. - The company has committed to reducing carbon emissions and aims to provide comprehensive solutions for major carbon-emitting industries in China[167]. - The company has implemented pollution prevention facilities that operate effectively, achieving zero wastewater discharge from its R&D center and production departments[164]. - The company has a comprehensive environmental monitoring plan, conducting annual tests on wastewater and air emissions[166]. - The company has committed to improving industrial water efficiency, aiming to meet national water resource management goals by 2030[43]. Strategic Initiatives - The company plans to expand its core business in industrial water treatment, targeting sectors such as petrochemicals, coal chemicals, and steel metallurgy for greater market share[40]. - The company established an advanced materials division to explore new energy and materials, focusing on innovative technologies and products[41]. - The company aims to enhance its service capabilities in civil water treatment, particularly in rainwater utilization and wastewater recycling[40]. - The company is actively pursuing partnerships with other firms to leverage synergies and enhance market reach[123]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service offerings[123]. Audit and Compliance - The company reported a standard unqualified audit opinion from Zhonghua Certified Public Accountants[5]. - The company has established effective internal control systems and has received a standard unqualified opinion in its internal control audit report[159]. - The company has not faced any penalties from securities regulatory authorities in the past three years[131]. - The audit committee held 3 meetings during the reporting period, approving various proposals including the 2021 annual report and the 2022 financial budget[135]. Market Position - The company has a strong market presence in various sectors, including steel metallurgy, petrochemicals, and new energy, with a focus on sustainable water treatment solutions[51]. - The industrial wastewater treatment market is primarily driven by operational services, which account for over 80% of the market share[90]. - The industrial wastewater treatment industry in China has a low concentration level, with the CR10 below 10%, indicating a fragmented competitive landscape[90]. - The company is recognized as a qualified supplier for major enterprises and design institutes, enhancing its competitive position in the market[54]. Employee Development - The company has implemented a training program to enhance employee skills and management capabilities through various training methods[143]. - The total number of employees in the parent company and major subsidiaries is 1,036, with 699 technical personnel and 118 R&D personnel[141].

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 (一)主要会计数据和财务指标 2022 年第三季度报告 证券代码：603200 证券简称：上海洗霸 上海洗霸科技股份有限公司 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。 单位：元 币种：人民币 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 (二)非经常性损益项目和金额 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 307.20 million, representing a year-on-year increase of 25.85%[22] - Net profit attributable to shareholders for the reporting period was CNY 50.48 million, a year-on-year increase of 171.51%[22] - Basic earnings per share for the reporting period was CNY 0.29, an increase of 163.64% compared to the same period last year[23] - The net profit after deducting non-recurring gains and losses was CNY 51.56 million, a year-on-year increase of 229.59%[22] - The company's operating revenue for the first half of the year reached ¥307,196,498.26, representing a 25.85% increase compared to ¥244,095,273.96 in the same period last year[24] - Net profit attributable to shareholders was ¥50,480,039.28, a significant increase of 171.51% from ¥18,592,322.40 year-on-year[24] - The company's operating revenue for the reporting period was CNY 307,196,498.26, representing a year-on-year increase of 25.85% compared to CNY 244,095,273.96 in the same period last year[38] - The company's operating costs increased by 19.99%, amounting to CNY 199,448,658.64, up from CNY 166,217,575.28 in the previous year[38] - The company reported a total of -¥1,077,511.36 in non-recurring gains and losses for the reporting period, primarily due to stock incentive amortization expenses[27] - The company reported a significant increase in other current assets by 190.84% to ¥5,912,211.53 from ¥2,032,835.29[41] Cash Flow and Financial Position - The net cash flow from operating activities was CNY -10.17 million, a decrease of 144.26% year-on-year[22] - The company's net cash flow from operating activities was negative at -¥10,169,399.06, a decline of 144.26% compared to ¥22,976,344.72 in the same period last year[24] - The company faced a cash flow decline during the reporting period, which may increase financial pressure due to rising project investments and potential acquisitions[50] - The company's cash paid for goods and services increased by 72.32% to CNY 163,392,286.48, compared to CNY 94,817,623.66 in the previous year, driven by business growth[38] - The company's financial expenses decreased significantly by 947.79%, resulting in a net financial income of negative CNY 1,287,668.77, compared to a positive CNY 151,884.98 last year[38][39] - The company's cash flow from operating activities was impacted by increased payments to suppliers and employees, which rose by 34.2% and 6.9% respectively compared to the previous year[122] - The ending balance of cash and cash equivalents was ¥140,567,989.27, down from ¥181,622,794.24 at the end of the first half of 2021[123] Assets and Liabilities - Total assets grew by 4.01% to ¥1,280,990,139.21 from ¥1,231,597,201.09 at the end of the previous year[24] - As of the end of the reporting period, the net assets attributable to shareholders increased by 5.05% to ¥876,695,452.72 from ¥834,576,533.57 at the end of the previous year[24] - Accounts receivable increased to ¥366,196,372.31, up 26.21% from ¥290,147,976.12[41] - Prepayments rose to ¥53,051,458.85, a 34.78% increase from ¥39,360,975.88[41] - Inventory increased to ¥94,523,318.95, reflecting a 10.73% growth from ¥85,360,506.86[41] - Total liabilities amounted to CNY 362,737,716.68, slightly up from CNY 361,285,311.76, indicating a marginal increase of around 0.4%[106] - The total liabilities at the end of the reporting period were approximately 360.01 million, indicating a decrease from the previous year[127] Research and Development - The company holds 53 authorized patents, including 47 invention patents, demonstrating strong R&D capabilities in water treatment technology[30] - The company is investing in research and development of new materials, new energy, and new processes to enhance its competitive edge in the market[50] - Research and development expenses for the first half of 2022 were CNY 13,818,527.76, down from CNY 18,318,083.41 in the first half of 2021, a decrease of 24.3%[112] - Internal research and development expenditures are classified into research and development phases, with development costs capitalized if specific criteria are met[196] Environmental and Social Responsibility - The company has implemented measures to achieve zero wastewater discharge from its R&D center, with all wastewater treated and reused[64] - The company has established pollution prevention facilities, ensuring that all emissions are treated before being released into the environment[65] - Environmental monitoring is conducted annually for wastewater and air emissions, including parameters such as pH, CODcr, and total nitrogen[66] - The company continues to comply with environmental regulations and has a good operational status for its pollution control facilities[65] - The company emphasizes its commitment to the "30 carbon peak, 60 carbon neutrality" strategy, recognizing its importance for industrial technological innovation and energy structure transformation[67] Corporate Governance and Shareholder Matters - The company held its annual general meeting, approving multiple proposals including the 2021 annual work report and the 2022 financial budget plan[57] - The company appointed Gao Qi as the new Chief Financial Officer following the resignation of Liao Yunfeng[58] - No profit distribution or capital reserve transfer plans were proposed for the half-year period[60] - The company plans to distribute dividends in cash, stock, or a combination, prioritizing cash dividends[74] - The total number of ordinary shareholders reached 14,488 by the end of the reporting period[91] - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[98] Market and Business Strategy - The company is actively exploring project expansion in environmental governance and intends to leverage capital markets for growth through mergers and acquisitions[35] - The company plans to deepen personalized water treatment chemical technology services in key industries such as petrochemicals and steel, aiming for greater market share[35] - The company is focusing on expanding its water treatment services while also exploring new business areas such as closed-space disinfection and urban waste leachate treatment[49] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[113] Accounting and Financial Reporting - The company follows a control-based approach for determining the scope of consolidation in its financial statements[143] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[144] - The company adjusts the consolidated financial statements to reflect the income, expenses, and profits of newly acquired subsidiaries from the acquisition date to the reporting date[146] - The company measures remaining equity at fair value when control over an investee is lost due to partial disposal of equity investments[147] - The company recognizes and measures impairment for other receivables and long-term receivables as described in the relevant policies[165]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 136,582,011.96, representing a decrease of 4.05% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 18,448,475.05, an increase of 27.06% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 20,214,656.83, showing a significant increase of 83.62% compared to the previous year[4] - The basic and diluted earnings per share were both CNY 0.15, reflecting a growth of 31.46% year-on-year[4] - Net profit for Q1 2022 was CNY 17,150,391.75, an increase of 11.8% from CNY 15,344,048.21 in Q1 2021[20] - Earnings per share for Q1 2022 were CNY 0.15, compared to CNY 0.11 in Q1 2021, representing a growth of 36.4%[21] - The total equity attributable to shareholders increased to CNY 855,092,174.22 in Q1 2022 from CNY 834,576,533.57 in Q1 2021, reflecting a growth of 2.5%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -18,074,049.96, a decline of 190.95% compared to the same period last year[4] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[22] - In Q1 2022, the cash inflow from operating activities was CNY 146,812,927.44, compared to CNY 138,079,822.45 in Q1 2021, representing an increase of approximately 5.3%[24] - The net cash flow from operating activities turned negative at CNY -18,074,049.96 in Q1 2022, down from CNY 19,871,594.61 in Q1 2021[24] - The total cash and cash equivalents at the end of Q1 2022 were CNY 201,440,404.88, down from CNY 282,296,048.49 at the end of Q1 2021[25] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in maintaining operational liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,232,025,670.41, a slight increase of 0.03% from the end of the previous year[5] - The total assets as of the end of Q1 2022 amounted to CNY 1,232,025,670.41, slightly up from CNY 1,231,597,201.09 at the end of Q1 2021[18] - Total liabilities decreased to CNY 334,346,223.73 in Q1 2022 from CNY 361,285,311.76 in Q1 2021, a reduction of 7.5%[18] Operational Challenges - The company is facing challenges due to the ongoing COVID-19 pandemic, which has affected local businesses and supply chains[12] - The company has actively participated in COVID-19 prevention efforts, providing wastewater treatment and disinfection services in multiple districts of Shanghai, which may positively impact future performance[13] - The company has undertaken significant responsibilities in managing wastewater and disinfection for major quarantine facilities and hospitals during the pandemic[13] - The company anticipates that the demand for its services may continue to rise due to the ongoing pandemic situation, although the exact impact on future performance remains uncertain[13] Investment and Expenses - Research and development expenses for Q1 2022 were CNY 6,814,334.26, down from CNY 8,765,151.06 in Q1 2021, a decrease of 22.2%[20] - The company reported an increase in investment income to CNY 1,354,192.82 in Q1 2022, compared to CNY 247,203.67 in Q1 2021, a significant rise of 447.5%[20] - The cash paid for purchasing goods and receiving services increased by 48.48% year-on-year, primarily due to prepayments for project equipment procurement[7] - The company reported an increase in prepayments to RMB 52,808,156.30 from RMB 39,360,975.88 in the previous year[16] - The long-term equity investments increased to RMB 60,586,077.85 from RMB 59,231,885.03 at the end of 2021[16]

Financial Performance - The company's operating revenue for 2021 was CNY 559.94 million, representing a year-on-year increase of 5.63%[25]. - The net profit attributable to shareholders of the listed company was CNY 41.03 million, up 17.58% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 37.80 million, an increase of 10.55% year-on-year[25]. - The basic earnings per share for 2021 was CNY 0.33, reflecting a growth of 17.86% from the previous year[24]. - The diluted earnings per share also stood at CNY 0.33, marking a 17.86% increase year-on-year[24]. - The net cash flow from operating activities was CNY 22.32 million, a significant recovery from a negative cash flow of CNY -12.03 million in the previous year[25]. - Total assets at the end of 2021 reached CNY 1,231.60 million, a 5.60% increase from the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 834.58 million, up 3.79% compared to the end of 2020[25]. - The weighted average return on equity increased to 5.01%, up 0.58 percentage points from the previous year[24]. - The company achieved operating revenue of CNY 55,993.77 million, a year-on-year increase of 5.63%[48]. - The net profit attributable to shareholders reached CNY 4,103.30 million, reflecting a growth of 17.58% compared to the previous year[48]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,779.77 million, up by 10.55% year-on-year[48]. Dividend Policy - The company plans to distribute a cash dividend of 1.0 RMB per 10 shares (including tax) and to convert capital reserves into shares at a ratio of 3.8 shares for every 10 shares held[6]. - The company has a cash dividend policy that mandates a minimum of 30% of distributable profits to be distributed as cash dividends each year, provided certain conditions are met[129]. - In mature stages without significant capital expenditure plans, the cash dividend proportion should be at least 80% of the profit distribution[129]. - The company’s cash dividend policy has been strictly executed in accordance with regulatory guidelines, ensuring clarity and compliance in profit distribution[132]. - The 2021 profit distribution proposal includes a cash dividend of 1.0 yuan per 10 shares (tax included) and a capital reserve increase of 3.8 shares for every 10 shares[134]. Corporate Governance - The company reported a standard unqualified audit opinion from Zhonghua Certified Public Accountants[5]. - The company has maintained compliance with legal and regulatory requirements during all shareholder meetings, ensuring valid voting results[102]. - The company’s governance structure adheres to the regulations set forth by the China Securities Regulatory Commission, with no significant discrepancies noted[102]. - The company has not engaged in any business activities that would compromise its independence from its controlling shareholders[102]. - The company’s supervisory board is responsible for overseeing the actions of the board and senior management, ensuring the protection of shareholder interests[102]. - The company has established a comprehensive evaluation mechanism for senior management, which is implemented by the compensation and assessment committee[140]. - The company has not faced any penalties from securities regulatory agencies in the past three years[113]. Business Operations and Strategy - The company operates multiple subsidiaries, including Shanghai Xiba Environmental Technology Co., Ltd. and Tianjin Blue Sky Environmental Technology Co., Ltd.[12]. - The company expanded its business scope to include health living technology services and carbon science technology services, alongside traditional water treatment services[33]. - The company aims to deepen its market share in industrial water treatment by focusing on personalized chemical technology services and developing near-zero discharge processes[36]. - The company is actively expanding into new business areas, including online air disinfection services and urban river governance projects[43]. - The company is focusing on three main business tracks in the environmental sector: health environment solutions, health life technology solutions, and climate science technology services[90]. - The company plans to invest in R&D for new energy, new materials, and new processes to support its growth strategy[91]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position and diversify its service offerings[106]. Market and Industry Trends - The water treatment service industry is influenced by local water resource conditions and national policies, with a projected increase in water usage potentially exceeding 700 billion cubic meters by 2030[38]. - Water pollution remains a critical issue, with industrial wastewater posing significant threats to ecological safety and public health[38]. - The industry is experiencing increased regulatory scrutiny, with stricter standards for water conservation and wastewater discharge expected in the future[39]. - The company has reported a significant increase in water treatment technology and processes driven by national regulations on water pollution reduction and environmental quality supervision[41]. - The company has developed a strong brand presence and competitive advantage in industrial water treatment sectors such as steel metallurgy and petrochemicals[45]. Research and Development - The company has 89 authorized patents and software copyrights, with 47 effective invention patents, enhancing its competitive edge in the market[35]. - Research and development expenses increased by 21.53% to CNY 35,867.86 million[49]. - The company’s total R&D expenditure was CNY 35,867,864.90, accounting for 6.41% of total operating revenue[63]. - The management emphasized the importance of sustainability in their business strategy, aligning with global environmental standards and regulations[106]. Environmental Responsibility - The company has implemented pollution prevention facilities, including a 15-meter high exhaust stack for air emissions treatment[145]. - The company has achieved zero wastewater discharge through pre-treatment, reuse, and evaporation concentration processes[146]. - Hazardous waste, including waste chemical packaging and sludge, is managed by qualified disposal units in compliance with regulations[147]. - The company has established a joint venture with a top university to advance carbon capture and utilization (CCUS) technology for the power generation industry[149]. - The company has committed to social responsibility initiatives, donating over 1.3 million yuan in disinfectant supplies during the pandemic[150]. Shareholder Information - The company has a total of 125,296,539 shares outstanding after a capital increase of 25,191,895 shares[186]. - The top shareholder, Wang Wei, holds 56,638,885 shares, representing 45.20% of the total shares, with no pledged shares[197]. - The second-largest shareholder, Weng Huilan, holds 5,512,725 shares, accounting for 4.40% of the total shares[197]. - The company has a total of 662,934 restricted shares that were repurchased and canceled due to performance-related conditions[188]. - The company has not issued any new securities during the reporting period[193].

Financial Performance - The company's operating revenue for Q3 2021 was ¥141,687,962.50, a decrease of 6.98% compared to the same period last year[5] - The net profit attributable to shareholders was ¥15,086,293.37, an increase of 44.38% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,566,393.37, up 37.92% from the previous year[5] - Basic earnings per share for the period were ¥0.12, a decrease of 32.50% compared to the same period last year[6] - Net profit for the third quarter of 2021 was CNY 31,404,660.42, down 36.1% from CNY 49,178,379.15 in the same quarter of 2020[24] - Earnings per share for the third quarter of 2021 were CNY 0.27, compared to CNY 0.40 in the same quarter of 2020[25] - The company reported a decrease in comprehensive income for the third quarter of 2021, totaling CNY 31,389,587.80, down from CNY 49,175,049.94 in the same quarter of 2020[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,181,860,069.08, reflecting a 1.34% increase from the end of the previous year[6] - As of September 30, 2021, total assets amounted to RMB 1,181,860,069.08, an increase from RMB 1,166,248,646.38 at the end of 2020[19] - The company’s total liabilities decreased to RMB 1,181,860,069.08 from RMB 1,166,248,646.38[20] - Total liabilities as of the end of the third quarter of 2021 were CNY 324,579,171.24, a slight decrease from CNY 330,588,188.93 at the end of 2020[22] - Total current liabilities were recorded at 329,020,034.11, highlighting the company's short-term financial obligations[31] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥25,864,586.98, showing a positive turnaround from a negative cash flow in the previous year[12] - Cash flow from operating activities for the first three quarters of 2021 was CNY 330,168,504.76, an increase from CNY 310,094,256.19 in 2020[26] - The net cash flow from operating activities was ¥25,864,586.98, a significant improvement compared to a net outflow of ¥20,268,921.11 in the previous year[27] - Total cash inflow from financing activities was ¥77,679,657.37, while cash outflow was ¥105,817,474.09, resulting in a net cash flow of -¥28,137,816.72[28] - The total cash and cash equivalents at the end of the period stood at ¥225,676,904.79, down from ¥265,896,492.93 at the beginning of the period[28] Investments and Subsidiaries - The company reported a significant increase in intangible assets by 638.51%, attributed to the acquisition of land use rights[12] - The company established a new subsidiary, Guangdong Qingfan Environmental Technology Co., Ltd., with a registered capital of RMB 20 million[17] - Long-term equity investments increased to RMB 59,559,557.78 from RMB 56,536,489.79[20] Equity and Reserves - Total equity attributable to shareholders was CNY 826,385,492.65, up from CNY 804,131,096.91 in the previous year[22] - The capital reserve stood at 369,782,154.81, reflecting the company's strong equity position[31] - The company has an undistributed profit of 295,920,413.87, which can be utilized for future investments[31] Expenses - Total operating costs for the first three quarters of 2021 were CNY 356,409,552.06, slightly up from CNY 353,430,595.19 in 2020[23] - Research and development expenses for the first three quarters of 2021 were CNY 26,166,580.07, compared to CNY 21,868,014.95 in 2020, reflecting a 19.5% increase[23]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 244,095,273.96, a decrease of 5.75% compared to CNY 258,980,259.73 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 18,592,322.40, down 53.71% from CNY 40,163,309.88 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,642,929.24, a decline of 60.04% compared to CNY 39,144,510.56 last year[18]. - The basic earnings per share decreased to CNY 0.15, down 53.13% from CNY 0.32 in the previous year[19]. - The weighted average return on net assets was 2.30%, a decrease of 2.76 percentage points compared to 5.06% last year[19]. - The total comprehensive income for the first half of 2021 was CNY 17,052,751.70, a decrease of 56.7% from CNY 39,360,876.44 in the same period of 2020[124]. - The company reported a net profit of -502,714.55 RMB for Fengba Engineering, which has total assets of approximately 25.95 million RMB[49]. - The company reported a net profit of -1,048,965.91 RMB for Shanghai Xiba International Trade Co., with total assets of approximately 31.45 million RMB[49]. - The company reported a net profit of 2,021,741.25 RMB for Xiamen Lehong Sponge City Construction Co., with total assets of approximately 44.75 million RMB[49]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to CNY 22,976,344.72, up 1069.39% from CNY 1,964,819.25 in the same period last year[18]. - The company faced a significant decline in cash flow from operating activities during the reporting period, indicating increased financial pressure[53]. - The company's total assets at the end of the reporting period were CNY 835,660,457.45, reflecting a stable financial position[136]. - The total assets at the end of the reporting period amounted to CNY 847,796,015.76, showing an increase from CNY 807,342,753.83 in the previous year, which is a growth of approximately 5.00%[141]. - The company's cash and cash equivalents were reported at CNY 131,520,700.00, unchanged from the previous period[120]. - Cash and cash equivalents were RMB 235,585,280.26, a decrease of 13.00% from RMB 270,520,988.78 at the end of 2020[113]. - The company reported a significant increase in contract assets to RMB 149,002,514.51, up 21.25% from RMB 122,757,029.50 at the end of 2020[113]. Research and Development - Research and development expenses increased by 22.06% to ¥18,318,083.41, reflecting a commitment to innovation and product development[36]. - The company has served over 3,000 important clients, including more than 100 Fortune Global 500 companies, demonstrating a stable customer base[28]. - The company has acquired stakes in two subsidiaries to enhance its capabilities in closed space disinfection and "dual carbon" technology development, although no significant breakthroughs have been achieved yet[26]. - The company is focused on providing comprehensive solutions for environmental pollution control and water resource utilization, enhancing its competitive edge in the market[146]. Market Challenges and Strategies - The company faced challenges due to reduced production and contract price cuts from some industry clients, impacting revenue and profitability during the reporting period[18]. - The company noted that the previous year's high profit base was influenced by pandemic-related factors and government support policies, which are not present in the current reporting period[18]. - The company plans to enhance its market share in industrial water treatment by focusing on personalized chemical technology services for key clients in various sectors[34]. - The company plans to continue focusing on market expansion and new product development to drive future growth[1]. Shareholder and Equity Information - The total share capital increased from 100,767,578 shares to 125,959,473 shares, reflecting an increase of 25,191,895 shares due to a capital reserve distribution of 0.25 shares per share[92]. - The largest shareholder, Wang Wei, holds 56,638,885 shares, representing 44.97% of the total shares, with 12,487,500 shares pledged[98]. - The company has a commitment to not transfer more than 25% of shares held annually during the tenure of directors and senior management[74]. - Major shareholders, including Wang Wei and Weng Huailan, will increase their holdings in the company within three months, with a limit of 3% of total shares[77]. Environmental and Regulatory Compliance - The company has established pollution prevention facilities that are operating well, achieving zero wastewater discharge through pre-treatment and recycling systems[67]. - The company conducts annual environmental monitoring, including pH, CODcr, and ammonia nitrogen for wastewater, and various pollutants for exhaust emissions[69]. - The company has a comprehensive waste management strategy, entrusting qualified units for the disposal of hazardous and general industrial waste[68]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[70]. Financial Management and Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[150]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[155]. - The company assesses credit risk at each reporting date to determine if there has been a significant increase in credit risk since initial recognition, affecting the measurement of loss provisions[177]. - The company measures credit loss provisions based on expected credit losses over the entire life of financial instruments, with adjustments made to reflect changes in credit risk[178].

Financial Performance - Operating revenue rose by 10.72% to CNY 142,340,773.11 year-on-year[5] - Net profit attributable to shareholders decreased by 41.27% to CNY 14,519,533.71 compared to the same period last year[5] - Basic and diluted earnings per share both fell by 41.67% to CNY 0.14[7] - The decline in net profit was attributed to lower sales volume and reduced investment income compared to the previous year[7] - Total operating revenue for Q1 2021 was CNY 142,340,773.11, an increase of 10.4% compared to CNY 128,554,142.16 in Q1 2020[28] - The net profit for Q1 2021 was CNY 15,344,048.21, down 35.2% from CNY 23,815,144.63 in Q1 2020[30] - The total profit for Q1 2021 was CNY 18,552,527.13, compared to CNY 27,298,205.50 in Q1 2020, reflecting a decline of 31.9%[30] - The company's operating profit for Q1 2021 was CNY 14,441,184.88, down 46.1% from CNY 26,767,629.13 in Q1 2020[30] Cash Flow - Net cash flow from operating activities improved significantly to CNY 19,871,594.61, compared to a negative cash flow of CNY -10,507,363.07 in the previous year[5] - Cash flow from operating activities for Q1 2021 was CNY 19,871,594.61, a significant improvement from a negative cash flow of CNY -10,507,363.07 in Q1 2020[35] - The net cash flow from operating activities for Q1 2021 was CNY 42,683,581.36, an increase of 43.2% compared to CNY 29,603,446.67 in Q1 2020[38] - Total cash inflow from financing activities was CNY 40,739,311.58, up from CNY 36,739,504.50 in the same period last year, reflecting a growth of 8.3%[36] - The net cash flow from financing activities increased significantly to CNY 26,668,416.82, compared to CNY 3,863,727.31 in Q1 2020, marking a substantial rise of 590.5%[36] - The cash flow from investment activities was negative at CNY -30,668,593.00, compared to CNY -1,390,646.00 in Q1 2020, indicating increased investment outflows[38] Assets and Liabilities - Total assets increased by 2.87% to CNY 1,199,735,241.76 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to RMB 1,199,735,241.76, an increase from RMB 1,166,248,646.38 at the end of 2020, reflecting a growth of approximately 2.87%[20] - Total liabilities increased to CNY 395,916,322.36 from CNY 324,282,627.62, reflecting increased borrowing or operational liabilities[26] - Total current liabilities rose to RMB 344,485,513.22 from RMB 329,020,034.11, reflecting an increase of about 4.23%[21] - Short-term borrowings increased to RMB 161,950,531.26 from RMB 134,590,035.76, marking a rise of approximately 20.36%[21] Shareholder Information - The company had a total of 19,913 shareholders at the end of the reporting period[12] - The largest shareholder, Wang Wei, holds 44.97% of the shares, with 9,990,000 shares pledged[13] - Shareholders' equity rose to CNY 819,669,242.70 from CNY 805,065,399.74, indicating a strengthening of the company's financial position[26] Operational Efficiency - Cash and cash equivalents increased to RMB 286,106,651.85 from RMB 270,520,988.78, representing a rise of about 5.43%[20] - Accounts receivable decreased to CNY 240,506,026.39 from CNY 256,033,511.39, indicating better collection efficiency[25] - Inventory increased to CNY 78,309,225.10 from CNY 70,114,091.76, suggesting a buildup in stock possibly in anticipation of higher sales[25] - The company reported a decrease in tax payments, which were RMB 7,467,012.89, down 32.96% from RMB 11,137,833.23 in the previous year[16] Research and Development - The company reported R&D expenses of CNY 8,765,151.06 for Q1 2021, slightly up from CNY 8,363,481.42 in Q1 2020, highlighting continued investment in innovation[28]

Financial Performance - The company's operating revenue for 2020 was ¥530,094,822.43, a decrease of 9.17% compared to ¥583,607,279.31 in 2019[23]. - Net profit attributable to shareholders decreased to ¥34,896,807.24, down 14.16% from ¥40,654,680.99 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥34,190,904.88, a significant decline of 46.22% from ¥63,580,497.39 in 2019[23]. - The net cash flow from operating activities was negative at ¥-12,033,596.39, compared to a positive cash flow of ¥46,351,365.35 in 2019[23]. - Basic earnings per share decreased to ¥0.35, down 12.50% from ¥0.40 in 2019[24]. - The weighted average return on equity fell to 4.43%, a decrease of 0.94 percentage points from 5.37% in the previous year[24]. - The company's total assets increased by 8.54% to ¥1,166,248,646.38 at the end of 2020, compared to ¥1,074,478,567.61 at the end of 2019[23]. - The net assets attributable to shareholders increased by 3.96% to ¥804,131,096.91 at the end of 2020, compared to ¥773,478,572.40 at the end of 2019[23]. Risk Factors - The report includes a detailed description of potential risks in the "Discussion and Analysis of Operating Conditions" section[7]. - The decline in revenue was attributed to factors such as project delays and increased costs in the EPC project with Hebei Steel[25]. - The company experienced increased foreign exchange losses and higher interest expenses on working capital loans compared to the previous year[25]. - The company emphasizes the importance of investor awareness regarding investment risks related to forward-looking statements[6]. Dividend Distribution - The profit distribution plan for 2020 proposes a cash dividend of 1.1 yuan per 10 shares (including tax) and a capital reserve conversion of 2.5 shares for every 10 shares[5]. - The company’s cash dividend policy stipulates that at least 30% of distributable profits should be allocated as cash dividends each year[103]. - The company’s asset-liability ratio must not exceed 70% for cash dividends to be distributed, ensuring financial stability[103]. - The company plans to distribute dividends in cash, stock, or a combination, prioritizing cash dividends[115]. - The company has committed to a stock price stabilization plan if the stock price falls below the latest audited net asset value for 20 consecutive trading days[117]. Business Strategy and Market Position - The company aims to strengthen technology research and business expansion, focusing on closed-space water and air disinfection/purification services[35]. - The company plans to enhance its market share in industrial water treatment by focusing on personalized chemical services and expanding into new sectors such as pharmaceuticals and electronics[54]. - The company is actively exploring project expansions in water environment governance, including sludge treatment and soil remediation[54]. - The company is positioned to benefit from increasing regulatory pressures on water pollution and resource management, driving demand for its services[40]. - The company is committed to sustainability initiatives, aiming to reduce operational costs by 20% through improved efficiency measures[190]. Research and Development - The company has achieved significant advancements in water treatment technology, focusing on high-concentration, high-salinity, and difficult-to-degrade wastewater treatment, particularly in industries like nitrogen fertilizer and coking[41]. - The total R&D investment was 295.15 million yuan, representing 5.57% of total revenue[72]. - The company is committed to strengthening its technical team by collaborating with domestic universities and research institutes to enhance its R&D capabilities[91]. - The management team highlighted ongoing research and development efforts for new products, aiming to enhance competitive advantage in the market[190]. Shareholder and Management Structure - The largest shareholder, Wang Wei, holds 45,311,108 shares, representing 44.97% of the total shares, with 9,990,000 shares pledged[174]. - The company has implemented a stock incentive plan that includes performance-based criteria for stock release[170]. - The company’s board of directors includes members with significant shareholdings, indicating a strong alignment with shareholder interests[186]. - The actual remuneration paid to directors, supervisors, and senior management during the reporting period was 4.4203 million yuan (pre-tax)[198]. Environmental Compliance and Initiatives - The company has implemented a comprehensive environmental monitoring plan, including semi-annual and annual checks on wastewater and air emissions[158]. - The company has achieved zero wastewater discharge through pre-treatment and reuse systems, with remaining wastewater integrated into the municipal sewage network for centralized treatment[156]. - The company has taken measures to ensure compliance with environmental regulations, including the collection and disposal of hazardous waste by qualified units[156]. Legal and Regulatory Matters - The company faced a significant lawsuit related to a private fund investment totaling CNY 14 million, with a civil lawsuit filed in October 2019 due to the fund manager's default on payments[134]. - The Shanghai Public Security Bureau confirmed that the fund manager was under investigation for illegal public deposit collection as of December 26, 2019[135]. - The company has recognized a 100% impairment provision for two private equity funds totaling 34 million due to default events[147].