Financial Performance - The company's operating revenue for 2021 was approximately CNY 2.71 billion, representing a year-on-year increase of 15.95%[21]. - Net profit attributable to shareholders for 2021 was approximately CNY 480.79 million, an increase of 26.40% compared to 2020[21]. - Basic earnings per share for 2021 increased by 27.06% to CNY 1.08 from CNY 0.85 in 2020[20]. - The company's total assets increased by 25.18% year-on-year, reaching approximately CNY 9.27 billion[21]. - The net profit after deducting non-recurring gains for 2021 was approximately CNY 478.87 million, up 22.66% from 2020[21]. - The company's operating revenue achieved RMB 271,074.91 million, a year-on-year increase of 15.95%[31]. - The net profit attributable to shareholders reached RMB 48,079.29 million, reflecting a growth of 26.40% compared to the previous year[31]. - The total assets of the company amounted to RMB 926,722.24 million, up 25.18% from the end of the previous year[31]. - The company's gross profit margin for the overall business was 29.69%, with a year-on-year increase of 5.44 percentage points[55]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 15%[104]. Cash Flow and Financial Health - The net cash flow from operating activities decreased significantly by 1882.21%, amounting to approximately -CNY 408.33 million[21]. - The company maintained strong financial health, with a significant increase in financing activities, resulting in a net cash flow from financing activities of ¥349,846,161.07, up 578.31% year-on-year[52]. - Cash and cash equivalents at the end of the period amounted to ¥946.06 million, representing 10.21% of total assets, a slight increase of 0.48% compared to the previous period[66]. - The company has a healthy financial status with ample cash reserves, which strengthens its project undertaking capacity and order conversion ability[48]. - The company reported a net cash flow from operating activities of -¥408,330,397.80, a decrease of 1,882.21% year-on-year, attributed to increased project investments and delays in settlements[52]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 22,304,800, with a total cash distribution of RMB 52,312,705.40 including share repurchases[4]. - The company implemented a share buyback program totaling RMB 30,007,900, repurchasing 1,624,400 shares, which is 0.51% of its total share capital[35]. - The company’s cash dividend policy is clear and complies with relevant laws, ensuring the protection of minority shareholders' rights[124]. - The company’s profit distribution plan for 2021 is pending approval at the annual shareholders' meeting[126]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Hua Accounting Firm[7]. - The company emphasizes the importance of corporate governance, ensuring compliance with laws and regulations to protect shareholder rights[96]. - The company has maintained independence from its controlling shareholder, ensuring no misuse of funds or unauthorized guarantees[97]. - The company has not faced any requests for extraordinary general meetings from preferred shareholders[99]. - The company has disclosed a standard unqualified opinion in its internal control audit report for the year 2021[133]. Strategic Initiatives and Market Expansion - The company is focused on environmental and social responsibilities as part of its operational strategy[8]. - The company plans to continue expanding its ecological and environmental investment, which has seen a compound annual growth rate of nearly 50% since 2013[28]. - The company is actively expanding its business in key ecological protection areas such as the Yangtze and Yellow River basins, which are expected to provide significant market opportunities[32]. - The company aims to enhance its ecological restoration and landscape construction capabilities, focusing on ecological wetland, water governance, and mine restoration projects[82]. - The company is exploring new strategies for market expansion, particularly in rural revitalization and urbanization initiatives[79]. Research and Development - The company’s R&D expenses increased by 12.80% year-on-year, resulting in the acquisition of 26 patents, including 23 utility model patents and 3 invention patents[35]. - The total number of R&D personnel is 115, accounting for 25.90% of the company's total workforce[61]. - The company maintains a strong focus on technology research and product development in various ecological fields, collaborating with several universities and research institutions[62]. Environmental and Social Responsibility - The company is focusing on ecological restoration and municipal landscape as its two main business lines, responding to increasing environmental protection demands[29]. - The company is committed to achieving carbon neutrality goals by 2060, aligning its strategies with national policies on carbon emissions[81]. - The company has completed afforestation of 5.29 million acres and forest management of 6.38 million acres during the 13th Five-Year Plan, with a forest coverage rate of 23.04%[87]. Risks and Challenges - The company faces risks from macroeconomic factors and the ongoing impact of the COVID-19 pandemic, which could affect business expansion and negotiations[90]. - The competitive landscape in the ecological restoration industry is intense, with many companies and low entry barriers potentially impacting market share and performance[90]. Employee and Management Information - The company has a total of 342 employees as of the reporting period[102]. - The average age of the executives is 45 years, with the youngest being 31 and the oldest 64[102]. - The company has established a performance management system for senior management, focusing on expected goals, and has a compensation and assessment committee responsible for formulating compensation policies and reviewing compensation plans[131].

Financial Performance - The company's operating revenue for Q3 2021 was ¥513,574,906.96, a decrease of 5.62% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was ¥82,746,751.16, down 17.72% year-on-year[5]. - Basic earnings per share for the period was ¥0.19, a decrease of 13.64% compared to the previous year[6]. - Total revenue for the first three quarters of 2021 reached ¥1,790,547,286.76, an increase from ¥1,753,804,892.08 in the same period of 2020, representing a growth of approximately 2.1%[20]. - Net profit for the third quarter of 2021 was ¥362,712,208.51, slightly up from ¥357,879,917.71 in the previous year, reflecting a growth of approximately 1.0%[21]. - The total comprehensive income for the third quarter of 2021 was approximately ¥362.71 million, compared to ¥357.88 million in the same period of 2020, reflecting a year-over-year increase of about 1.8%[22]. - Basic earnings per share for the third quarter of 2021 were ¥0.81, up from ¥0.78 in the same quarter of 2020, indicating a growth of 3.8%[22]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,245,331,458.27, reflecting an increase of 10.22% from the end of the previous year[6]. - The company's total assets as of the end of the third quarter of 2021 amounted to ¥8,245,331,458.27, compared to ¥7,403,052,372.54 at the end of the same quarter in 2020, marking an increase of about 11.4%[19]. - The total liabilities increased to ¥4,662,211,148.67 in the third quarter of 2021 from ¥4,101,631,153.12 in 2020, which is an increase of approximately 13.6%[18]. - The company's equity attributable to shareholders reached ¥3,486,688,565.90, up from ¥3,209,265,358.12 in the previous year, representing a growth of about 8.6%[19]. Cash Flow - The company's net cash flow from operating activities was negative at -¥602,371,100.69 for the year-to-date[6]. - Cash received from sales of goods and services increased by 94.19% year-to-date, suggesting improved cash flow from operations[10]. - Cash inflows from operating activities for the first three quarters of 2021 amounted to approximately ¥621.23 million, a significant increase of 94.3% compared to ¥319.91 million in the same period of 2020[24]. - The net cash flow from operating activities for the first three quarters of 2021 was negative at approximately -¥602.37 million, worsening from -¥443.35 million in the same period of 2020[25]. - The company reported a total cash outflow from operating activities of approximately ¥1.31 billion for the first three quarters of 2021, compared to ¥921.50 million in the same period of 2020, indicating an increase of 42.3%[25]. - The ending cash and cash equivalents balance as of the end of the third quarter of 2021 was approximately ¥360.47 million, down from ¥496.14 million at the end of the same period in 2020, representing a decline of 27.3%[26]. Investment and Expenses - Research and development expenses increased by 39.25% year-to-date, indicating a focus on innovation[10]. - Research and development expenses for the first three quarters of 2021 were ¥53,208,132.24, compared to ¥38,211,848.07 in 2020, indicating an increase of approximately 39.2%[20]. - The company reported a significant decrease in investment income, down 88.22% year-to-date, primarily due to reduced financial investment returns[10]. - Cash received from investment income from the beginning of the year to the end of the reporting period was -¥88.22 million, primarily due to a decrease in wealth management income[11]. - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets from the beginning of the year to the end of the reporting period was 1,022.10 million, attributed to an increase in intangible asset purchases[11]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 22,443[13]. - The largest shareholder, Xi Hui Ming, holds 169,716,400 shares, accounting for 38.04% of total shares[14]. - The second-largest shareholder, Pu Jian Fen, holds 43,590,792 shares, accounting for 9.77% of total shares[14].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,276,972,379.80, representing a 5.57% increase compared to CNY 1,209,623,192.88 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 277,359,574.95, an increase of 11.79% from CNY 248,111,657.58 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 275,401,158.95, reflecting a 12.77% increase compared to CNY 244,204,102.36 in the previous year[19]. - Basic earnings per share increased by 10.71% to CNY 0.62 from CNY 0.56 in the same period last year[19]. - The company achieved a revenue of RMB 127,697.24 million, representing a year-on-year growth of 5.57%[40]. - The net profit attributable to the parent company was RMB 27,735.96 million, an increase of 11.79% compared to the previous year[40]. - The company reported a total comprehensive income of 277,359,574.95 RMB for the period, contributing positively to the equity[110]. - The company reported a profit distribution of -63,728,000.00 CNY to shareholders, reflecting a decrease in available profits for distribution[115]. Assets and Liabilities - Total assets increased by 7.67% to CNY 7,970,949,665.81 from CNY 7,403,052,372.54 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company rose by 6.10% to CNY 3,404,873,352.74 from CNY 3,209,265,358.12 at the end of the previous year[19]. - The company's total assets as of June 30, 2021, amounted to CNY 7,925,781,799.84, up from CNY 7,397,939,432.66 at the end of 2020, reflecting a growth of 7.1%[95]. - Total liabilities increased to CNY 4,471,450,958.86 from CNY 4,101,631,153.12, indicating a rise of about 9%[91]. - The company's total liabilities as of June 30, 2021, were CNY 4,623,209,936.65, an increase from CNY 4,290,753,700.48 at the end of 2020, indicating a growth of 7.7%[95]. Cash Flow - The net cash flow from operating activities improved by 4.33%, amounting to CNY -272,570,050.27, compared to CNY -284,913,456.95 in the same period last year[19]. - The net cash flow from investment activities surged by 1,029.02% to CNY 17,385,261.74, primarily due to the maturity of structured financial products purchased in 2020[46]. - Cash inflow from investment activities totaled ¥140,773,500.00, a decrease from ¥693,375,414.50 in the same period last year[104]. - The ending cash and cash equivalents balance was ¥554,553,873.12, down from ¥613,380,365.03 at the end of the first half of 2020[104]. Research and Development - R&D expenses increased to 30.77 million, representing an 8.80% year-over-year growth, aimed at enhancing innovation capabilities[26]. - Research and development expenses rose by 8.80% to CNY 30,776,959.04, reflecting increased investment in R&D during the reporting period[46]. - Research and development expenses for the first half of 2021 were CNY 30,776,959.04, up from CNY 28,286,632.88 in the same period of 2020, reflecting an increase of 8.8%[97]. Strategic Initiatives - The company is actively involved in ecological restoration projects, including the Guangxi Jinjishan Forest Park and various water ecological governance projects, which are progressing as planned[26]. - The company is responding to national strategies for rural revitalization and new urbanization, undertaking various municipal construction projects[27]. - The company is focusing on ecological restoration and municipal landscape as its two main business lines, driven by increasing environmental protection demands[39]. - The company is actively exploring opportunities in carbon trading and soil remediation in line with national carbon neutrality goals[42]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. - The company has implemented an employee stock ownership plan to enhance employee motivation and align their interests with the company's long-term development[35]. - The company has established a risk control center with departments including legal, audit, and financial management to mitigate project risks and ensure steady growth[43]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing for the company[71]. Market Position and Competition - The competitive landscape in the ecological landscape industry is intense, with many players and low entry barriers, which may affect the company's market share and performance[54]. - The company has a competitive advantage in the ecological wetland sector due to its years of in-depth cultivation and a pool of talent capable of handling large and medium-sized projects[33]. - The company is positioned to benefit from the increasing emphasis on ecological protection and sustainable development in national policies[29]. Compliance and Reporting - The financial statements were approved by the board of directors on August 19, 2021, ensuring compliance with regulatory requirements[118]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[125]. - The company has not faced any violations or penalties during the reporting period, suggesting compliance with regulatory standards[71].

Financial Performance - Operating revenue for the period was ¥523,764,428.70, representing a year-on-year increase of 26.76%[5] - Net profit attributable to shareholders was ¥99,850,139.20, reflecting a growth of 26.05% compared to the same period last year[5] - Basic earnings per share rose to ¥0.31, marking a 24.00% increase year-on-year[5] - Total operating revenue for Q1 2021 reached ¥523,764,428.70, a 26.8% increase from ¥413,203,609.51 in Q1 2020[29] - Net profit for Q1 2021 was ¥98,358,854.23, representing a 25.2% increase compared to ¥78,584,592.67 in Q1 2020[30] - The company reported a total profit of ¥116,244,876.64 for Q1 2021, compared to ¥92,926,017.82 in Q1 2020, marking a 25.1% increase[30] - The company reported a total comprehensive income of ¥100,443,517.86, compared to ¥67,127,326.07 in Q1 2020, representing an increase of approximately 49.7%[35] Shareholder Information - The total number of shareholders reached 18,027 at the end of the reporting period[9] - The top shareholder, Xi Hui Ming, holds 121,226,000 shares, accounting for 38.04% of the total shares[9] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,444,291,892.99, an increase of 0.56% compared to the end of the previous year[5] - Current assets totaled CNY 6,292,173,933.81, slightly up from CNY 6,256,351,873.23, indicating a growth of about 0.57%[20] - The company's cash and cash equivalents decreased to CNY 699,042,506.01 from CNY 941,576,090.83, representing a decline of approximately 25.8%[20] - Total liabilities decreased to CNY 4,073,922,027.67 from CNY 4,101,631,153.12, reflecting a decline of about 0.67%[22] - The company's equity increased to CNY 3,370,369,865.32 from CNY 3,301,421,219.42, indicating a growth of approximately 2.09%[22] - The company's total liabilities as of Q1 2021 were ¥4,259,333,719.74, slightly down from ¥4,290,753,700.48 in Q1 2020[29] Cash Flow - The net cash flow from operating activities improved to -¥136,572,631.09, a 5.80% improvement compared to the previous year[5] - Cash received from sales of goods and services surged by 104.48% year-on-year to ¥302.92 million, attributed to higher collections from engineering projects[12] - Cash inflows from operating activities amounted to ¥333,509,352.08 in Q1 2021, up from ¥210,033,648.22 in Q1 2020, indicating a growth of about 58.7%[37] - The net cash flow from operating activities was -¥136,572,631.09 in Q1 2021, slightly improved from -¥144,984,871.02 in Q1 2020[38] - The company experienced a cash outflow of ¥470,081,983.17 from operating activities in Q1 2021, compared to ¥355,018,519.24 in Q1 2020, reflecting an increase of approximately 32.4%[38] Investment and Expenditures - Research and development expenses rose by 35.16% year-on-year to ¥9.76 million, reflecting increased investment in R&D[12] - Cash paid for purchasing fixed assets and intangible assets increased by 154.22% year-on-year to ¥12.38 million, indicating growth in capital expenditures[12] - The company reported a 58.16% increase in credit impairment losses, amounting to -¥1.14 million, due to higher provisions for accounts receivable[12] - Investment activities resulted in a net cash outflow of -¥72,237,892.00 in Q1 2021, compared to -¥3,171,125.72 in Q1 2020, indicating a significant increase in investment expenditures[38] Share Repurchase - The company repurchased a total of 1,624,400 shares, accounting for 0.51% of total share capital, at an average price of ¥18.475 per share[15] - The total amount used for share repurchase was approximately ¥30 million, excluding transaction fees[15] - The company plans to repurchase shares at a price not exceeding ¥23.93 per share, with a total repurchase fund between ¥25 million and ¥50 million[14] Accounting and Financial Indicators - The company has not disclosed any significant changes in accounting items or financial indicators[10] - Non-recurring gains and losses for the period totaled ¥216,261.10[7] - Trading financial assets increased by 75% year-on-year, reaching ¥140 million due to new purchases of structured financial products[11] - Accounts receivable decreased by 40.76% year-on-year, totaling ¥1.78 million, primarily due to a reduction in outstanding commercial acceptance bills[11] - The company terminated its non-public issuance of A-shares, which was previously authorized by the shareholders' meeting[13]

Financial Performance - The company's operating revenue for 2020 was RMB 2,337,907,610.93, representing a year-on-year increase of 15.93% compared to RMB 2,016,689,200.82 in 2019[20]. - The net profit attributable to shareholders of the listed company was RMB 380,367,379.99, an increase of 5.22% from RMB 361,506,686.40 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 390,402,410.30, up 7.73% from RMB 362,394,578.62 in 2019[20]. - The net cash flow from operating activities improved significantly to RMB 22,911,453.28, compared to a negative RMB 77,688,177.09 in 2019, marking a 129.49% increase[20]. - As of the end of 2020, the total assets of the company reached RMB 7,403,052,372.54, a 24.02% increase from RMB 5,969,226,963.30 at the end of 2019[20]. - The net assets attributable to shareholders of the listed company were RMB 3,209,265,358.12, reflecting a 9.67% increase from RMB 2,926,293,293.54 in 2019[20]. - Basic earnings per share rose by 5.31% to CNY 1.19, while diluted earnings per share also increased by 5.31%[21]. - The weighted average return on equity decreased by 0.72 percentage points to 12.35%[21]. - The company achieved operating revenue of RMB 233,790.76 million, representing a year-on-year growth of 15.93%[50]. - The net profit attributable to the parent company was RMB 38,036.74 million, an increase of 5.22% compared to the previous year[50]. - Total assets reached RMB 740,305.24 million, reflecting a growth of 24.02% from the end of the previous year[50]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 63,728,000.00, while also increasing capital stock by 4 shares for every 10 shares held, resulting in a total increase of 127,456,000 shares[4]. - The cash dividend distribution plan has been consistent over the past three years, reflecting stable profitability[99]. - In 2020, the company distributed a cash dividend of 6,372,800 RMB, representing 16.75% of the net profit attributable to ordinary shareholders[99]. - In 2019, the cash dividend was also 6,372,800 RMB, accounting for 17.63% of the net profit attributable to ordinary shareholders[99]. - In 2018, the cash dividend was 4,779,600 RMB, which was 14.67% of the net profit attributable to ordinary shareholders[99]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[99]. Research and Development - In 2020, the company's R&D expenses increased to 75.35 million yuan, a year-on-year increase of 20.89%[31]. - The company is committed to research and development in environmental protection technologies, aiming to innovate and improve service efficiency[79]. - The company plans to continue increasing its R&D team and improving project management to enhance innovation and competitiveness in the industry[69]. - Research and development expenses rose by 20.89% to CNY 75,354,376.13, indicating increased investment in R&D[57]. Strategic Focus and Market Position - The company operates in the ecological protection and environmental governance industry, focusing on ecological restoration and landscape construction services[30]. - The company is advancing its ecological restoration and municipal landscape businesses in response to increasing environmental protection demands and new urbanization initiatives[30]. - The company is positioned to benefit from the government's increased investment in ecological and environmental protection, with a focus on infrastructure projects[37]. - The company is expanding its market presence in water ecological governance, mining restoration, and forest park projects, aiming for comprehensive coverage in the ecological restoration industry[31]. - The company is leveraging its strong qualifications in municipal public engineering and environmental protection to enhance its project planning and execution capabilities[38]. - The company is actively involved in the construction of urban green spaces and ecological tourism projects, contributing to the beautification of rural areas[32]. - The company is focusing on risk control mechanisms to mitigate financial risks associated with project execution in the landscaping engineering industry[54]. - The company is exploring opportunities in forestry carbon sinks, mine remediation, and soil restoration to optimize and upgrade its industry chain[53]. Governance and Compliance - The company has provided a standard unqualified audit report from Da Hua Accounting Firm[7]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[5]. - The company has maintained a good integrity status with no significant debts or court judgments unfulfilled during the reporting period[108]. - The company has engaged in significant strategic cooperation agreements with various entities, including a project cooperation framework agreement with the People's Government of Fengquan District, Xinxiang City, signed in August 2020, with ongoing projects facing implementation uncertainties[119]. - The company has committed to maintaining compliance with national laws and regulations, ensuring accurate and timely information disclosure to support investor decision-making[121]. Operational Efficiency and Cash Flow - The net cash flow from operating activities surged by 129.49% to CNY 22,911,453.28, attributed to enhanced collection of project payments[57]. - The company aims to enhance its project management system to improve cash flow, focusing on selecting projects with good credit and guaranteed payments[87]. - The company reported a significant increase in cash inflow from other operating activities, which rose to approximately ¥435.48 million from ¥283.62 million, a growth of 53.5%[186]. - The cash flow from financing activities showed a net outflow of $77,772,081.77, compared to a net outflow of $56,801,162.49 in the previous year, reflecting increased financing costs[190]. Assets and Liabilities - Total assets increased to ¥7,403,052,372.54 in 2020 from ¥5,969,226,963.30 in 2019, representing a growth of approximately 24%[174]. - Total liabilities reached ¥4,101,631,153.12 in 2020, compared to ¥2,967,455,796.97 in 2019, indicating an increase of around 38.2%[174]. - Owner's equity grew to ¥3,301,421,219.42 in 2020 from ¥3,001,771,166.33 in 2019, which is an increase of about 10%[175]. - The company's deferred income tax assets rose to ¥28,694,082.10 in 2020, compared to ¥14,417,451.04 in 2019, a significant increase of 99.0%[179]. Shareholder Structure and Management - The total number of ordinary shareholders at the end of the reporting period is 18,012, a decrease from 18,027 at the end of the previous month[128]. - The top ten shareholders hold a total of 121,226,000 shares, representing 38.04% of the total shares[129]. - The largest shareholder, Xi Hui Ming, holds 121,226,000 shares, while the second-largest shareholder, Pu Jian Fen, holds 31,136,280 shares[129]. - The company has a diverse management team with extensive experience in various sectors, including engineering and finance[137]. - The company has maintained a stable leadership structure with key personnel holding significant positions since its establishment[137]. Environmental and Social Responsibility - The company actively seeks opportunities for horizontal integration in environmental protection, water ecology, and solid waste treatment sectors[122]. - The company does not belong to the key pollutant discharge units as per environmental protection department regulations, and operates in the green industry[122]. - The company is committed to enhancing its ecological restoration and landscape construction capabilities, focusing on core ecological projects and expanding its EPC project model to increase order intake and improve cash flow stability[84].

Financial Performance - Operating revenue for the first nine months reached CNY 1,753,804,892.08, a growth of 28.06% year-on-year[8] - Net profit attributable to shareholders increased by 40.99% to CNY 348,679,510.26 for the first nine months[8] - Basic and diluted earnings per share rose by 39.74% to CNY 1.09[8] - The company's total revenue for Q3 2020 was ¥1,753,804,892.08, representing a 28.06% increase compared to ¥1,369,466,809.30 in the same period last year[15] - The net profit for Q3 2020 reached ¥357,879,917.71, which is a 41.13% increase from ¥253,590,624.76 in Q3 2019[16] - The company's operating profit for Q3 2020 was ¥423,526,852.73, a 41.43% increase from ¥299,459,775.67 in the same period last year[15] - The company reported a total profit of ¥128,678,545.64 for Q3 2020, which is a 101.0% increase from ¥63,647,507.17 in Q3 2019[26] - The total comprehensive income for the period was ¥107,592,667.58, compared to ¥53,835,407.70 in the same period last year, indicating an increase of approximately 99.9%[30] Assets and Liabilities - Total assets increased by 16.80% to CNY 6,971,939,974.63 compared to the end of the previous year[8] - Current assets totaled CNY 5,917,767,725.57, up from CNY 4,986,990,126.70, indicating an increase of about 18.6% year-over-year[18] - Total liabilities increased to CNY 3,700,456,662.68 from CNY 2,967,455,796.97, marking an increase of approximately 24.7%[20] - Shareholders' equity rose to CNY 3,271,483,311.95 from CNY 3,001,771,166.33, representing an increase of about 9.0%[20] - The company reported a significant increase in contract assets, totaling CNY 4,141,733,241.49, indicating a strong growth in future revenue recognition[18] - The company's cash and cash equivalents decreased by 47.30% to ¥558,168,000.26 from ¥1,059,071,742.74 at the beginning of the period[15] - Total assets amounted to approximately $5.96 billion, a decrease of $30.71 million compared to the previous period[46] - Total liabilities were approximately $3.08 billion, remaining unchanged from the previous period[47] - Shareholders' equity reached approximately $2.88 billion, reflecting a decrease of $30.71 million[47] Cash Flow - Net cash flow from operating activities improved by 16.99%, amounting to CNY -443,350,117.32 for the first nine months[8] - The cash flow from operating activities for the first three quarters of 2020 was ¥319,905,825.76, compared to ¥250,527,332.24 in the same period of 2019, reflecting an increase of about 27.6%[33] - Total cash inflow from operating activities for the first nine months of 2020 was 524,865,021.28 RMB, up from 404,817,943.94 RMB in the same period of 2019, representing a 30% increase[37] - The cash outflow from operating activities in Q3 2020 was 921,498,370.88 RMB, compared to 892,984,175.01 RMB in Q3 2019, showing a 3% increase in cash outflow[34] - The net cash flow from investing activities was -16,040,991.88 RMB in Q3 2020, an improvement from -24,856,131.09 RMB in Q3 2019, reflecting a 35% reduction in cash outflow[38] - The net cash flow from financing activities was -76,099,974.97 RMB in Q3 2020, compared to -31,417,052.53 RMB in Q3 2019, showing a 142% increase in cash outflow[35] Shareholder Information - The total number of shareholders reached 16,461 at the end of the reporting period[12] - The largest shareholder, Xi Hui Ming, holds 38.04% of the shares, totaling 121,226,000 shares[12] - The company distributed dividends totaling ¥63,728,000.00, which is a 33.33% increase from ¥47,796,000.00 in the previous year[16] Research and Development - Research and development expenses increased by 54.07% to ¥38,211,848.07, up from ¥24,801,127.81 in the previous year[15] - Research and development expenses for Q3 2020 were ¥9,925,215.19, compared to ¥9,198,452.42 in Q3 2019, showing an increase of 7.9%[25] Accounting Standards and Policies - The company implemented new revenue recognition standards effective January 1, 2020, impacting revenue recognition policies[49] - The new revenue recognition policy requires revenue to be recognized when the customer gains control of the goods, aligning with contract performance obligations[51] - The company reported a contract asset of approximately $3.32 billion, reflecting adjustments in revenue recognition[48] - The company’s retained earnings showed a decrease due to adjustments related to the new accounting standards[48] - The company recognized revenue based on the progress of performance obligations under the new revenue recognition standards, with contract assets amounting to ¥2,981,102,277.98 as of January 1, 2020[56]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.21 billion, representing a 17.52% increase compared to the same period last year[20]. - Net profit attributable to shareholders for the first half of 2020 was approximately ¥248.11 million, a growth of 23.76% year-over-year[20]. - The basic earnings per share for the first half of 2020 was ¥0.78, reflecting a 23.81% increase from ¥0.63 in the same period last year[18]. - The net profit after deducting non-recurring gains and losses was approximately ¥244.20 million, up 24.23% from the previous year[20]. - The company achieved a revenue of RMB 120,962.32 million in the first half of 2020, representing a year-on-year growth of 17.52%[42]. - The net profit attributable to the parent company was RMB 24,811.17 million, an increase of 23.76% compared to the same period last year[42]. - The company reported a total comprehensive income of CNY 253,287,250.13 for the first half of 2020, compared to CNY 199,755,217.06 in the previous year, an increase of 26.8%[120]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in revenue generation[125]. Assets and Liabilities - Total assets increased by 12.71% to approximately ¥6.73 billion, driven by higher inventory and accounts receivable due to increased business revenue[20]. - The company's net assets attributable to shareholders increased by 5.25% to approximately ¥3.08 billion[20]. - As of June 30, 2020, total assets reached RMB 672,795.55 million, up 12.71% from the end of the previous year[42]. - The company's total liabilities as of June 30, 2020, were CNY 3,564,334,868.68, compared to CNY 2,967,455,796.97 at the end of 2019, indicating a significant increase in liabilities[109]. - The total equity attributable to the owners of the parent company was CNY 3,079,967,179.03 as of June 30, 2020, compared to CNY 2,926,293,293.54 at the end of 2019[109]. Cash Flow - The net cash flow from operating activities improved by 9.51%, amounting to approximately -¥284.91 million, compared to -¥314.86 million in the previous year[19]. - The net cash flow from investment activities decreased by 283.82% compared to the same period last year, primarily due to the recovery of external investments amounting to 3 million in the previous year[57]. - The net cash flow from financing activities decreased by 25.66% year-on-year, mainly due to higher cash dividends distributed in the current period[57]. - Cash and cash equivalents at the end of the period amounted to 714,775,377.42, representing 10.62% of total assets, a decrease of 18.22% from the previous year[58]. Business Strategy and Operations - The company plans to focus on ecological restoration and municipal landscape as its two main business lines, responding to increasing environmental protection demands and new infrastructure initiatives[40]. - The company is actively involved in water ecological governance, mine restoration, and forest park projects, with ongoing projects including the Jiangyou City Indigo Pool Wetland Park and the Xinzhen City Forest Park[25]. - The company is responding to national strategies such as rural revitalization and new urbanization, with projects like the Mengshan County Summer Yi Ethnic Town construction underway[26]. - The company aims to enhance its competitive advantage by integrating resources along the industrial chain and exploring opportunities in soil remediation and mining governance[45]. - The company is leveraging its full industry chain capabilities in ecological landscape design, construction, and maintenance to enhance project quality and customer satisfaction[27]. Research and Development - Research and development expenses rose by 81.29% to ¥28,286,632.88, reflecting increased investment in R&D[56]. - The company has obtained 18 patents in ecological restoration and 20 patents in landscape greening, showcasing its strong R&D capabilities in these areas[34]. Market Position and Competition - The company operates in a highly competitive market, with many players due to low entry barriers and relaxed qualification requirements for landscaping projects[65]. - The company has established a strong market position and brand recognition in the ecological landscape industry despite competitive pressures[66]. - The company anticipates challenges in maintaining market share and operational performance due to intense competition in the ecological landscape sector[66]. Corporate Governance and Shareholder Information - The company has implemented employee stock ownership plans in 2018 and 2019 to enhance employee motivation and align their interests with the company's growth[36]. - The total number of ordinary shareholders as of the end of the reporting period is 16,432[90]. - The largest shareholder, Xi Huiming, holds 121,226,000 shares, representing 38.04% of the total shares[92]. Accounting and Financial Reporting - The company has implemented the new revenue recognition standards effective January 1, 2020, which changes the revenue recognition principle to confirm revenue when control of goods is transferred to the customer[80]. - The company recognizes revenue based on the progress of performance obligations, particularly in construction contracts, where revenue is recognized according to the percentage of completion[81]. - The company has not reported any significant accounting errors that require retrospective restatement during the reporting period[87]. Risks and Challenges - The company has highlighted potential risks in its operations, which are detailed in the report[6]. - The company faced significant macroeconomic risks due to the global impact of COVID-19, affecting consumption and investment growth[65]. - The company's operational funding is at risk due to its business model of "advance payment, phased settlement, and phased collection" for project contracts[66].

Financial Performance - Operating revenue decreased by 4.01% to CNY 413,203,609.51 from CNY 430,474,633.61 in the same period last year[5] - Net profit attributable to shareholders decreased by 5.18% to CNY 77,478,204.65 compared to CNY 81,709,045.20 in the previous year[5] - Basic earnings per share decreased by 3.85% to CNY 0.25 from CNY 0.26 in the same period last year[5] - The company reported a diluted earnings per share of CNY 0.24, down 7.69% from CNY 0.26[5] - Total operating revenue for Q1 2020 was CNY 413,203,609.51, a decrease of 4.4% compared to CNY 430,474,633.61 in Q1 2019[26] - Net profit for Q1 2020 was CNY 78,584,592.67, a decline of 3.4% from CNY 81,298,563.34 in Q1 2019[27] - Earnings per share (EPS) for Q1 2020 was CNY 0.25, compared to CNY 0.26 in Q1 2019[27] - The company achieved an operating profit of CNY 92,931,535.30, slightly down from CNY 95,950,403.71 in Q1 2019[26] Assets and Liabilities - Total assets increased by 3.20% to CNY 6,160,058,200.99 compared to the end of the previous year[5] - Total liabilities reached ¥3,110,212,214.09, up from ¥2,967,455,796.97, indicating an increase of approximately 4.8%[19] - Total current liabilities increased to ¥3,110,212,214.09, compared to ¥2,967,455,796.97, reflecting a rise of approximately 4.8%[19] - Total current assets increased to ¥5,167,736,031.59 as of March 31, 2020, compared to ¥4,986,990,126.70 at the end of December 2019, representing a growth of approximately 3.6%[17] - Total assets amounted to ¥6,160,058,200.99, compared to ¥5,969,226,963.30 at the end of December 2019, reflecting a growth of around 3.2%[19] - Total liabilities increased to CNY 3,234,458,252.24 from CNY 3,079,919,832.28, reflecting a growth of 5.0%[26] - The company reported a total of ¥3,216,730,607.26 in contract assets, indicating a significant asset base for future revenue recognition[17] Cash Flow - Cash flow from operating activities showed a decline of 25.08%, amounting to CNY -144,984,871.02[5] - Cash inflows from operating activities totaled ¥210,033,648.22 in Q1 2020, an increase of 9.1% from ¥192,739,054.72 in Q1 2019[33] - The net cash flow from operating activities was -¥144,984,871.02 in Q1 2020, worsening from -¥115,913,484.33 in Q1 2019, indicating a decline of 25.1%[34] - The company experienced a net cash outflow from investing activities of -¥3,171,125.72 in Q1 2020, compared to -¥370,122,793.00 in Q1 2019, showing a significant reduction in cash outflow[34] - Cash and cash equivalents at the end of Q1 2020 stood at ¥823,922,452.71, up from ¥641,642,836.95 at the end of Q1 2019, representing an increase of 28.4%[35] - The total cash and cash equivalents decreased by ¥191,663,425.54 in Q1 2020, compared to a decrease of ¥550,434,855.33 in Q1 2019, showing a significant improvement in cash management[35] Shareholder Information - The total number of shareholders reached 13,729 at the end of the reporting period[10] - The largest shareholder, Xi Hui Ming, holds 38.04% of the shares, totaling 121,226,000 shares[11] - Shareholders' equity rose to CNY 2,911,506,395.43, an increase of 1.3% from CNY 2,875,088,841.45 in the previous year[26] Revenue Recognition Standards - The company will implement new revenue recognition standards starting January 1, 2020, affecting accounting policies[49] - The new revenue recognition policy will confirm revenue when the customer obtains control of the goods, shifting from previous practices[50] - The company anticipates that the new accounting standards will enhance the accuracy of revenue reporting and financial transparency[51] - The company recognized revenue based on the progress of performance obligations under the new revenue recognition standards, with contract assets amounting to approximately ¥2.98 billion as of January 1, 2020[54] - The company’s revenue recognition policies have been adjusted to align with the new standards, impacting both contract assets and liabilities[56] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 1,734,799.08, primarily from government subsidies[9] - Financial expenses decreased by 48.21% to -¥889,690.15, primarily due to reduced interest income[13] - Other income increased by 39.70% to ¥349,244.02, mainly from increased government subsidies[13] - The company reported a credit impairment loss of CNY -721,997.53, an improvement from CNY -1,726,148.25 in Q1 2019[26] - The company reported a net profit of CNY 1,354,082,350.90 after adjustments, down from CNY 1,381,721,145.78[43]

Financial Performance - The company's operating revenue for 2019 was CNY 2,016,689,200.82, representing a 26.53% increase compared to CNY 1,593,794,089.45 in 2018[20] - The net profit attributable to shareholders of the listed company was CNY 361,506,686.40, a 10.96% increase from CNY 325,806,560.64 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 362,394,578.62, up 20.03% from CNY 301,916,459.54 in 2018[20] - The total assets of the company at the end of 2019 were CNY 5,969,226,963.30, reflecting a 26.39% increase from CNY 4,722,867,903.58 at the end of 2018[20] - The company's net assets attributable to shareholders at the end of 2019 were CNY 2,926,293,293.54, a 12.01% increase from CNY 2,612,582,607.14 in 2018[20] - The basic earnings per share for 2019 were CNY 1.13, a 10.78% increase compared to CNY 1.02 in 2018[21] - The weighted average return on net assets for 2019 was 13.08%, slightly up from 13.05% in 2018[21] - The company reported a net cash flow from operating activities of -CNY 77,688,177.09, a decrease from -CNY 70,412,508.29 in 2018[20] - The net cash flow from operating activities decreased by 10.33% compared to the same period last year, primarily due to increased payments for engineering procurement and deposits during the reporting period[22] - Basic earnings per share and basic earnings per share after deducting non-recurring gains and losses increased by 10.78% and 19.72% year-on-year, respectively, due to an increase in company profits during the reporting period[22] Project and Business Development - The increase in revenue was primarily driven by several municipal projects, including the renovation of G328 National Road and other infrastructure projects[21] - The company focuses on ecological restoration and municipal landscape as its two main business lines, responding to increasing demands for ecological environment protection and new urbanization[30] - The company is actively involved in water ecological governance and has undertaken several significant projects, including the design and construction of the Xiong'an New Area afforestation project[30] - The company aims to enhance its comprehensive strength and brand effect by expanding its layout in water governance, national reserve forests, and desert park projects[30] - The company actively responded to national strategies such as rural revitalization and new urbanization, undertaking various municipal construction projects during the reporting period[31] - The company has successfully signed multiple EPC projects, including the construction of the Huai'an Baima Lake Wetland Park and the Hangzhou Qiantang River Ecological Landscape Project, with a significant increase in the proportion of EPC projects[31] - The company has established a full industry chain capability in ecological landscape implementation, covering "seedling-design-engineering-maintenance" with strong design support from various institutions[39] - The company has expanded its operations across 21 provinces, enhancing its cross-regional operational capabilities and accumulating advanced techniques for plant cultivation and maintenance[39] Research and Development - R&D expenses increased by 114.97% to ¥62,334,865.66, reflecting a significant rise in investment in innovation[54] - The company plans to enhance its R&D capabilities and maintain partnerships with research institutions to improve technological competitiveness[65] - The company aims to enhance its design and research capabilities to strengthen its core competitive advantage in "water governance - ecological restoration"[91] - The company will deepen research in ecological wetlands and water governance, enhancing its technical capabilities in environmental protection[95] Financial Management and Strategy - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 63,728,000.00[5] - The cash dividend payout ratio for 2019 is below 30% of the net profit attributable to shareholders, due to high working capital requirements in the industry[106] - The company plans to retain undistributed profits for landscape restoration projects and municipal road construction, aiming to enhance sustainable profitability[106] - The company has committed to not transferring or managing shares held by major shareholders for 36 months post-IPO, ensuring stability in shareholding[108] - The company’s retained earnings will support ongoing projects and operational needs, reflecting a strategy of long-term growth and stability[106] - The total undistributed profits will be carried forward to the next fiscal year, indicating a conservative approach to cash management[105] Corporate Governance - The company has appointed independent directors to strengthen oversight and ensure compliance with regulations[159] - The management team includes professionals with backgrounds in engineering, finance, and project management, contributing to diverse expertise[159] - The company emphasizes the protection of minority shareholders' rights during shareholder meetings, ensuring equal treatment for all shareholders[169] - The company has maintained good integrity status during the reporting period, with no significant debts or court judgments unfulfilled[124] - The company has not faced any penalties from securities regulatory authorities in the past three years[163] Market Position and Competitive Advantage - The company has established a strong competitive advantage in the ecological wetland sector, having shifted its focus from traditional landscape construction to ecological environment restoration since 2010[38] - The company is positioned to benefit from national strategies supporting the integration of the Yangtze River Delta region, which is expected to increase investment in municipal construction and ecological protection[41] - The ecological protection industry is anticipated to receive strong policy support and funding, creating a favorable environment for the company's growth in ecological restoration and municipal landscape sectors[44] - The company is actively pursuing partnerships for environmental projects, with ongoing collaborations aimed at urban infrastructure improvements and ecological restoration[136] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 18,578, an increase from 13,729 at the end of the previous month[143] - The top shareholder, Xi Huiming, holds 121,226,000 shares, representing 38.04% of the total shares[146] - The second-largest shareholder, Pu Jianfen, holds 31,136,280 shares, accounting for 9.77%[146] - The company has a lock-up period of 36 months for shares held by major shareholders, starting from September 1, 2020[148] Legal and Compliance - The company has not faced any risks of suspension or termination of its listing status[124] - The company has not disclosed any major accounting errors or changes in accounting estimates during the reporting period[118] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[183] Employee and Social Responsibility - The company has implemented employee incentive plans, including a stock ownership plan in 2019, to align employee interests with company growth[40] - The company has committed to social responsibility by adhering to legal regulations, ensuring employee welfare, and engaging in poverty alleviation projects[138] - The company has established a training program that includes online training and specialized skill development tailored to employee needs[166]

Financial Performance - Net profit attributable to shareholders rose by 2.70% to CNY 247,305,530.15 for the first nine months[7] - Operating revenue for the first nine months reached CNY 1,369,466,809.30, marking a 16.05% increase year-on-year[7] - Basic earnings per share increased by 2.63% to CNY 0.78[8] - The weighted average return on equity decreased by 0.44% to 10.94%[8] - Total operating revenue for Q3 2019 was approximately ¥340.16 million, a slight increase from ¥335.05 million in Q3 2018, representing a growth of about 0.63%[28] - Net profit for Q3 2019 was approximately ¥53.84 million, down from ¥60.39 million in Q3 2018, reflecting a decrease of about 10.43%[29] - The net profit attributable to the parent company for Q3 2019 was approximately ¥46.83 million, compared to ¥60.89 million in Q3 2018, indicating a decrease of around 23%[31] - The total comprehensive income for Q3 2019 was approximately ¥53.84 million, down from ¥60.39 million in the same period last year, reflecting a decline of about 11.5%[31] Assets and Liabilities - Total assets increased by 13.07% to CNY 5,339,976,153.81 compared to the end of the previous year[7] - The company's current assets totaled CNY 4,316,827,386.41, up from CNY 3,757,334,957.43 at the end of 2018, indicating an increase of about 15%[20][22] - Total liabilities as of September 30, 2019, were CNY 2,463,319,296.98, compared to CNY 2,060,275,671.51 at the end of 2018, an increase of about 20%[22] - Total assets as of Q3 2019 amounted to approximately ¥5.36 billion, an increase from ¥4.71 billion in the same period last year, representing a growth of about 13.73%[27] - Total liabilities for Q3 2019 were approximately ¥2.57 billion, compared to ¥2.13 billion in Q3 2018, showing an increase of about 20.83%[27] Cash Flow - The net cash flow from operating activities decreased by 63.80% to -CNY 534,124,105.19 compared to the same period last year[7] - Cash received from operating activities decreased by 56.73% to RMB 10,801.47 million, primarily due to fewer recoveries of bid guarantees compared to the previous period[17] - The operating cash flow for the first three quarters of 2019 was negative CNY 534,124,105.19, compared to negative CNY 326,083,266.42 in the previous year, reflecting a worsening cash flow situation[37] - The cash inflow from operating activities for the first three quarters of 2019 was CNY 358,860,069.82, significantly lower than CNY 589,947,963.70 in the same period of 2018, a decline of about 39.2%[37] - The cash outflow from investing activities for the first three quarters of 2019 was CNY 949,332,536.93, compared to CNY 2,036,704,361.95 in the previous year, indicating a decrease of approximately 53.3%[37] Shareholder Information - The total number of shareholders reached 19,177 by the end of the reporting period[12] - The largest shareholder, Xi Hui Ming, holds 38.04% of the shares, totaling 121,226,000 shares[12] Expenses and Income - Management expenses rose by 29.75% to RMB 5,671.03 million, mainly due to increased personnel costs related to business expansion[17] - Other income decreased by 89.89% to RMB 64.57 million, primarily due to government subsidies received in the previous period[17] - Investment income fell by 80.16% to RMB 481.36 million, mainly due to a reduction in wealth management purchases during the reporting period[17] - The company achieved a total investment income of approximately ¥470.42 million in Q3 2019, compared to ¥6.04 million in Q3 2018, indicating a significant decrease[32] Inventory and Receivables - Accounts receivable decreased by 87.07% to RMB 200.17 million, primarily due to the maturity of bank acceptance notes received in the previous period[16] - Inventory increased by 60.75% to RMB 273,325.56 million, attributed to business growth and completed but unsettled engineering projects[16] - Accounts receivable rose to CNY 691,916,260.82, compared to CNY 620,833,902.70 at the end of 2018, marking an increase of about 11.5%[20][21] - The company holds inventory valued at ¥2,074,397,728.05[48] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth and profitability[32]