Financial Performance - The company's operating revenue for the first half of 2018 was CNY 183,476,632.22, representing a 23.90% increase compared to CNY 148,085,891.74 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was CNY 45,572,094.76, a significant increase of 59.71% from CNY 28,534,235.78 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 37,527,890.51, up 54.22% from CNY 24,334,522.87 year-on-year[19]. - Basic earnings per share for the first half of 2018 were CNY 0.61, a 24.49% increase from CNY 0.49 in the same period last year[20]. - The diluted earnings per share also stood at CNY 0.61, reflecting the same growth rate of 24.49% compared to the previous year[20]. - The total profit for the first half of 2018 was CNY 47,983,197.16, an increase of 45.6% compared to CNY 32,927,770.85 in the same period last year[131]. - The company achieved a gross profit margin of approximately 40.1% in the first half of 2018, compared to 41.2% in the same period last year[131]. Cash Flow and Assets - The net cash flow from operating activities decreased by 23.39% to CNY 22,322,954.51 from CNY 29,138,745.12 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 831,062,595.69, reflecting a 4.75% increase from CNY 793,392,170.11 at the end of the previous year[19]. - The net cash flow from operating activities was -27,848.08 RMB, a significant decrease compared to 25,793,452.03 RMB in the previous period[136]. - Cash and cash equivalents decreased to RMB 206,768,608.12 from RMB 290,551,028.30, representing a decline of approximately 28.8%[120]. - Accounts receivable rose to RMB 185,127,731.11 from RMB 157,879,879.01, marking an increase of around 17.3%[120]. - The total liabilities rose to RMB 127,350,556.71 from RMB 81,371,865.54, indicating an increase of about 56.6%[121]. Business Operations and Market Focus - The growth in operating revenue was primarily driven by the increase in business from intelligent control online detection and dosing guarantee systems, automotive manufacturing projects, and steel industry projects[20]. - The company focuses on providing comprehensive water treatment solutions, including chemical water treatment technology and related services[28]. - The main business includes water treatment chemicals sales, system operation management, and equipment sales and installation[28]. - The company serves both industrial and civil sectors, with a focus on water-intensive industries such as petrochemicals and steel metallurgy[28]. - The company is actively pursuing new projects in the "Belt and Road" initiative, including the successful bid for the Ethiopia Jimma Industrial Park project[43]. Research and Development - The company has developed nearly 40 invention patents in water treatment chemicals and processes, showcasing strong R&D capabilities and a commitment to innovation[38]. - Research and development expenses rose by 25.34% to ¥10,253,414.69, compared to ¥8,180,544.54 in the previous year[49]. - The company has made significant investments in R&D, focusing on environmentally friendly water treatment agents and technologies[38]. Shareholder and Equity Information - The company issued 1,324,500 restricted shares as part of the 2018 incentive plan, increasing the total number of shares to 75,044,500[97]. - The largest shareholder, Wang Wei, holds 34,266,450 shares, representing 45.66% of the total shares, with 13,860,000 shares pledged[104]. - The company has commitments from directors and senior management to not transfer shares for 36 months post-IPO[63]. - The company will consider industry characteristics, development stages, and operational models when proposing differentiated cash dividend policies[66]. Environmental and Regulatory Compliance - The company has implemented a pollution prevention and control system, with waste gases treated through activated carbon adsorption and discharged through a 15-meter high exhaust stack[86]. - The company is focused on environmental protection, with a commitment to managing hazardous waste through qualified disposal units[86]. - The company conducts environmental monitoring, including wastewater and air quality assessments, with specific parameters tested biannually and annually[91]. Financial Reporting and Governance - The company has appointed Zhonghua CPA as the auditing firm for the 2018 fiscal year, with no non-standard audit reports issued[76]. - The company complied with the new financial reporting standards issued by the Ministry of Finance, effective from December 25, 2017[96]. - There are no major litigation or arbitration matters reported during the reporting period[76]. - The company has not disclosed any new stock incentive plans or employee stock ownership plans during the reporting period[79].

Financial Performance - The net profit attributable to shareholders for 2017 was CNY 57,506,825.06, with the parent company achieving a net profit of CNY 56,413,175.95[6]. - The company’s operating revenue for 2017 was CNY 300,905,335.96, representing a year-on-year increase of 1.57% compared to CNY 296,245,418.80 in 2016[26]. - The net profit attributable to shareholders for 2017 was CNY 57,506,825.06, a decrease of 2.97% from CNY 59,267,958.15 in 2016[26]. - The net profit after deducting non-recurring gains and losses was CNY 49,457,298.19, down 11.13% from CNY 55,653,177.31 in 2016[26]. - The cash flow from operating activities was CNY 56,727,949.52, a decline of 31.67% compared to CNY 83,021,312.12 in 2016[26]. - The total assets at the end of 2017 were CNY 793,392,170.11, an increase of 77.34% from CNY 447,379,359.40 at the end of 2016[26]. - The net assets attributable to shareholders increased by 91.41% to CNY 711,046,458.50 from CNY 371,481,035.36 in 2016[26]. - Basic earnings per share for 2017 were CNY 0.87, down 18.69% from CNY 1.07 in 2016[27]. - The weighted average return on equity decreased to 10.18% in 2017 from 17.34% in 2016, a drop of 7.16 percentage points[27]. - The total profit amounted to CNY 66.96 million, representing a decline of 2.63% compared to the previous year[53]. - The net profit after deducting non-recurring gains and losses was CNY 49.46 million, a decrease of 11.13% from the previous year[53]. Dividend Policy - The proposed cash dividend distribution is CNY 8 per 10 shares, totaling CNY 58,976,000 based on the total share capital as of December 31, 2017[6]. - The company has a profit distribution policy that emphasizes stable and continuous returns to investors, with a minimum cash dividend of 30% of distributable profits[98]. - Cash dividends may reach 80% of profits in mature stages without significant capital expenditures, while 40% is required if there are major spending plans[102]. - The company plans to maintain a continuous and stable profit distribution policy, ensuring that cash dividends should not be less than 30% of the distributable profits for the year after the IPO[112]. - The board of directors must propose a profit distribution plan that is approved by more than half of the board and two-thirds of independent directors before being submitted to the shareholders' meeting[107]. - The company will actively communicate with shareholders, especially minority shareholders, to gather their opinions on profit distribution matters[107]. - If the company does not propose a cash dividend despite profits, it must explain the reasons and the intended use of retained funds in its periodic reports[110]. - The company will review its shareholder return plan at least every three years, considering current profitability, cash flow, and funding needs[114]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development and operational plans[10]. - The company faces risks from unregulated market competition due to the rapid growth and high profitability in the water treatment service industry, which may impact profit margins[93]. - Environmental risks are present due to the handling of hazardous chemicals, which could lead to pollution if not managed properly[94]. - The company must continuously invest in research and development to keep up with technological advancements and meet stricter environmental regulations[94]. - Fluctuations in gross profit margins are anticipated due to declining demand in certain industries and increased competition, which may pressure service pricing[95]. - The company relies heavily on bidding for contracts, and uncertainties in bid outcomes could lead to a decrease in the win rate if competitive advantages are not maintained[94]. Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[34]. - The company is expanding its business into overseas projects, including the successful development of the Mekele project in Ethiopia[49]. - The company plans to expand its market share in industrial water treatment, targeting sectors such as petrochemicals, coal chemicals, and steel metallurgy[52]. - The company aims to enhance operational efficiency through improved management and strategic planning[52]. - The company is actively exploring mergers and acquisitions to facilitate rapid growth[52]. - The company is focusing on developing new products and technologies, particularly in green and biodegradable water treatment agents[44]. - The company is committed to maintaining its core business in environmental water treatment while exploring new business models[87]. Research and Development - The company has a strong R&D capability with nearly 40 invention patents in water treatment chemicals and process technology, and over 10 additional patents under application[44]. - Research and development expenses increased by 16.70% to CNY 17.29 million[55]. - The company is innovating in water treatment technologies, focusing on high-concentration, high-salinity, and difficult-to-degrade wastewater treatment[40]. - Investment in R&D for new technologies increased by 30%, focusing on sustainable solutions and innovative cleaning technologies[137]. - The company aims to enhance its technological capabilities, with a projected increase in R&D spending by 5.70% in 2018[158]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4]. - The audit report issued by Zhonghua Certified Public Accountants was a standard unqualified opinion[5]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for providing guarantees[10]. - The company has implemented a stock price stabilization plan, which includes measures such as increasing shareholdings by controlling shareholders and repurchasing shares in the secondary market[126]. - The board will ensure that the decision-making process for profit distribution is complete and transparent[125]. - The company is committed to protecting investor rights and adhering to regulatory requirements set by the China Securities Regulatory Commission[126]. Shareholder Information - The company’s major shareholder, Wang Wei, committed to not transferring more than 25% of his shares annually while serving as a director or senior management[121]. - The company has not initiated any cash buyback of shares during the reporting period[119]. - The company’s shareholders have committed to maintaining their shareholdings for a specified period to ensure market stability[120]. - The total number of ordinary shareholders increased from 7,478 to 9,376 during the reporting period[180]. - The top five customers contributed 64.34% of total annual sales, indicating a high customer concentration risk[63]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by the Shanghai Environmental Protection Bureau, indicating its commitment to environmental standards[166]. - The company’s production processes meet the second-level standards for air pollutants and noise emissions, ensuring compliance with environmental regulations[167]. - The company’s environmental practices include proper waste disposal and adherence to pollution control standards, with no reported violations[167].

Financial Performance - Operating revenue for the first quarter was ¥78,350,436.44, representing a growth of 9.15% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥10,501,205.10, showing a slight increase of 1.42% compared to the same period last year[6] - Basic earnings per share decreased by 21.03% to ¥0.1746 from ¥0.2211 in the same period last year[6] - Total revenue for the first quarter was CNY 78,350,436.44, an increase of 9.3% compared to CNY 71,784,059.32 in the previous year[23] - Net profit for the period reached CNY 12,865,515.09, representing a growth of 5.2% from CNY 12,225,256.08 in the same quarter last year[24] - Operating profit for the quarter was CNY 13,058,803.59, compared to CNY 12,319,092.66, showing an increase of 6.0%[24] - The company reported a total comprehensive income of CNY 12,923,570.73 for Q1 2018, compared to CNY 12,268,041.21 in the same period last year, an increase of 5.4%[26] Cash Flow - The net cash flow from operating activities was -¥7,362,991.46, a decrease of 119.38% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 7,362,991.46, compared to a net inflow of CNY 38,001,720.17 in Q1 2017[29] - The cash flow from investment activities showed a net outflow of -1,013,728.84 RMB, compared to -267,949.83 RMB in the previous year, reflecting a worsening investment position[31] - The cash inflow from sales of goods and services was 69,709,900.35 RMB, down 37% from 110,436,617.20 RMB in the same period last year[31] - The cash paid for purchasing goods and services rose to 37,309,713.45 RMB, an increase of 42.1% compared to 26,286,093.36 RMB in the same period last year[31] Assets and Liabilities - Total assets at the end of the reporting period reached ¥806,753,066.31, an increase of 1.68% compared to the end of the previous year[6] - The total assets increased to ¥806,753,066.31 from ¥793,392,170.11, marking a growth of approximately 1.8%[18] - The total liabilities rose slightly to ¥81,867,246.65 from ¥81,371,865.54, indicating an increase of about 0.6%[17] - The total liabilities decreased marginally to CNY 80,220,668.35 from CNY 80,346,311.66, a reduction of 0.2%[21] - Current assets totaled CNY 713,846,716.26, slightly up from CNY 703,159,522.77, indicating a 1.0% increase[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,478[9] - The largest shareholder, Wang Wei, holds 46.48% of the shares, totaling 34,266,450 shares[9] Other Financial Metrics - The weighted average return on equity increased by 0.057 percentage points to 1.762%[6] - The company received government subsidies amounting to ¥524,911.70, which are closely related to its normal business operations[8] - The total non-recurring gains and losses amounted to ¥2,366,851.48 after tax adjustments[10] - The company's accounts receivable increased to ¥146,030,489.53 from ¥157,879,879.01, reflecting a decrease of 7.4%[16] - The prepayments surged by 198.30%, reaching ¥12,370,146.76 compared to ¥4,146,867.59 in the previous period[13] - Long-term receivables rose significantly by 196.85%, amounting to ¥24,042,796.20 from ¥8,099,400.00[13] - The company reported a significant increase in other receivables, which rose by 33.09% to ¥10,784,569.08 from ¥8,103,277.16[13] - The company's inventory slightly decreased to ¥40,144,032.96 from ¥40,661,438.31, a decline of about 1.3%[16] Future Outlook - The company has not reported any significant changes in its future outlook or strategic initiatives during this reporting period[12]

Financial Performance - Operating income for the first nine months reached CNY 223,347,256.97, a 2.87% increase from CNY 217,116,444.41 in the same period last year[7] - Net profit attributable to shareholders increased by 6.68% to CNY 45,675,205.21 compared to CNY 42,816,058.66 in the previous year[7] - Basic earnings per share decreased by 6.49% to CNY 0.72 from CNY 0.77 in the previous year[7] - Total operating revenue for Q3 2017 was ¥75,261,365.23, a decrease of 3.4% compared to ¥77,565,161.76 in Q3 2016[25] - Net profit for Q3 2017 reached ¥17,140,740.04, a decrease of 5.7% from ¥18,171,456.90 in Q3 2016[26] - Total revenue for Q3 2017 was CNY 71,875,300.84, a slight decrease of 0.36% compared to CNY 72,136,977.86 in Q3 2016[28] - Net profit for Q3 2017 reached CNY 15,677,441.50, down 8.97% from CNY 17,201,940.91 in the same period last year[29] - The company’s total operating profit for the first nine months of 2017 was CNY 44,599,580.86, slightly down from CNY 45,462,899.15 in the same period last year[28] Asset and Equity Growth - Total assets increased by 73.08% to CNY 774,306,835.01 compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 88.22% to CNY 699,214,838.65 year-on-year[6] - Cash and cash equivalents increased by 89.97% to ¥304,229,423.28 from ¥160,149,052.77 due to funds raised from the IPO[12] - Share capital increased by 33.33% to ¥73,720,000.00 from ¥55,290,000.00, resulting from the new shares issued during the IPO[19] - Capital reserve surged by 333.48% to ¥341,976,818.22 from ¥78,348,220.14, driven by the capital premium from the IPO[19] - The company's total equity increased significantly to ¥699,214,609.26 from ¥371,481,035.36, reflecting strong retained earnings and capital contributions[19] - Owner's equity rose significantly to ¥692,979,445.71 in Q3 2017, up from ¥366,421,259.96 in Q3 2016, marking an increase of 89.0%[23] Cash Flow Analysis - Cash flow from operating activities decreased by 56.46% to CNY 28,680,400.42 compared to CNY 65,873,855.99 in the same period last year[6] - Net cash flow from operating activities was CNY 27,797,603.90, down 12.0% from CNY 31,680,049.77 year-on-year[34] - Cash inflow from financing activities amounted to CNY 293,760,500.00, with a net cash flow of CNY 286,980,490.00, a significant improvement from -CNY 3,837.78 in the previous year[34] - The ending cash and cash equivalents balance was CNY 228,249,934.43, up from CNY 89,709,502.41 year-on-year[34] - Cash outflow from investment activities totaled CNY 189,711,600.67, significantly higher than CNY 1,338,468.82 in the previous year[34] Shareholder Information - The total number of shareholders reached 8,848 by the end of the reporting period[10] - The largest shareholder, Wang Wei, holds 46.48% of the shares, totaling 34,266,450 shares[10] Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 2,551,841.50[8] - Non-operating income for the first nine months totaled CNY 5,521,997.75[8] - Total current liabilities amounted to ¥74,482,625.78, slightly down from ¥75,288,724.07, indicating stable liability management[19] - Total liabilities decreased slightly to ¥72,244,578.08 in Q3 2017 from ¥72,774,367.54 in Q3 2016[23] - Inventory levels increased to ¥36,195,856.80 in Q3 2017, compared to ¥30,713,225.42 in Q3 2016, representing an increase of 17.7%[22] - Long-term equity investments grew to ¥47,062,966.87 in Q3 2017, up from ¥39,487,072.01 in Q3 2016, an increase of 19.8%[22]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥148,085,891.74, representing a 6.12% increase compared to ¥139,551,282.65 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was ¥28,534,235.78, which is a 15.78% increase from ¥24,644,601.76 in the previous year[19]. - Basic earnings per share for the first half of 2017 were ¥0.49, an increase of 8.89% from ¥0.45 in the same period last year[21]. - Operating profit reached ¥27,991,028.53, reflecting a 2.27% increase year-over-year[40]. - The total profit for the current period was ¥32,931,867.25, compared to ¥28,010,909.62 in the previous period, marking a 17.5% increase[107]. - The company reported a net increase in equity of CNY 310,592,833.86 for the current period, demonstrating robust financial performance[121]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 23.23% to ¥29,138,745.12 from ¥37,953,999.79 in the same period last year[20]. - Cash and cash equivalents at the end of the period were 50,128.89 million RMB, up 213.01% from 16,014.91 million RMB at the beginning[41]. - The company generated cash flow from operating activities of ¥152,741,644.28, slightly down from ¥154,145,161.81 in the previous period[112]. - Cash flow from financing activities was primarily driven by the absorption of investment, with no significant debt repayments reported[114]. Assets and Liabilities - The total assets at the end of the reporting period were ¥764,582,458.43, a 70.90% increase from ¥447,379,359.40 at the end of the previous year[20]. - Current liabilities totaled ¥81,898,989.24, compared to ¥75,288,724.07, reflecting an increase of about 8.6%[98]. - The total liabilities increased to ¥82,508,589.21 from ¥75,898,324.04, indicating a rise of about 8.6%[98]. - The total current assets as of June 30, 2017, amount to 737,806,069.03 RMB, an increase from 417,840,687.65 RMB at the beginning of the period[97]. Shareholder and Capital Management - The company has established a profit distribution policy that emphasizes sustainable and stable returns to investors, considering the company's actual situation and development goals[62]. - The company plans to distribute at least 30% of the annual distributable profit in cash after its initial public offering[63]. - Major shareholders have committed to not transferring or managing their shares for 36 months post-IPO, ensuring stability[60]. - The company will review its shareholder return plan at least every three years to ensure alignment with its financial performance and cash flow[63]. Market and Industry Context - The company aims to become a leading water treatment service provider in China, with established brand recognition in various industrial sectors[26]. - The water treatment service industry is experiencing strong demand due to increasing environmental regulations and policies[41]. - The company is focusing on developing new environmentally friendly products, enhancing its competitive edge in the water treatment industry[33]. Risks and Challenges - The company faces risks from unregulated market competition in the water treatment service industry, which is still developing and has low industry concentration[54]. - Major contracts, such as those with SAIC Volkswagen and Sinopec, are set to expire, posing a risk to financial performance if not renewed or if prices are reduced[55]. - There is a risk of core talent loss due to market competition and increased management pressure as the company expands[56]. Technological and Operational Developments - The company has a focus on technological innovation in water treatment, particularly for high-concentration and difficult-to-treat wastewater[31]. - The company has optimized its water treatment processes through the integration of computer and internet technologies, improving service efficiency[33]. - The company has developed a procurement strategy that includes competitive bidding from at least three qualified suppliers for most raw materials[27]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve increase for the half-year period[59]. - The company has committed to strictly fulfilling its public commitments made during the initial public offering process, actively accepting social supervision[67]. - The company has not changed its accounting firm during the reporting period, continuing with Zhonghua Certified Public Accountants as its auditing institution for 2017[70]. Future Outlook - Future focus includes expanding market share in industrial water treatment and developing new technologies for urban rainwater utilization[42]. - The company aims to leverage its strong financial position to explore potential mergers and acquisitions in the future[128]. - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge[128].