Financial Performance - The company's operating revenue for Q1 2023 was ¥159,757,394.62, a decrease of 62.84% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was ¥6,114,904.55, down 92.53% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,754,470.03, a decline of 94.14% compared to the previous year[5] - Basic earnings per share were ¥0.01, reflecting a decrease of 94.44% year-on-year[6] - Diluted earnings per share also stood at ¥0.01, down 94.44% from the same period last year[6] - The total operating revenue for Q1 2023 was approximately ¥159.76 million, a decrease from ¥429.96 million in Q1 2022, representing a decline of about 62.8%[21] - The net profit for Q1 2023 was approximately ¥5.77 million, down from ¥81.29 million in Q1 2022, indicating a decrease of approximately 92.9%[21] - The total comprehensive income for Q1 2023 was approximately ¥5.77 million, down from ¥81.29 million in Q1 2022, reflecting a decrease of about 92.9%[22] - The basic and diluted earnings per share for Q1 2023 were both ¥0.01, compared to ¥0.18 in Q1 2022, indicating a decrease of approximately 94.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was ¥34,868,074.55, an increase of 7.77% compared to the same period last year[5] - The cash flow from operating activities for Q1 2023 was approximately ¥34.87 million, compared to ¥32.35 million in Q1 2022, showing a slight increase of about 7.8%[25] - The cash flow from investing activities for Q1 2023 resulted in a net outflow of approximately ¥4.73 million, compared to a net outflow of ¥2.05 million in Q1 2022, indicating a worsening of about 130.7%[27] - The cash flow from financing activities for Q1 2023 showed a net outflow of approximately ¥51.70 million, an improvement from a net outflow of ¥86.88 million in Q1 2022, representing a decrease in outflow of about 40.5%[27] - The total cash and cash equivalents at the end of Q1 2023 were approximately ¥354.23 million, down from ¥789.17 million at the end of Q1 2022, representing a decrease of about 55.1%[27] - The company's cash and cash equivalents increased to ¥601,158,792.55 as of March 31, 2023, compared to ¥561,043,056.41 at the end of 2022, representing an increase of approximately 7.14%[30] - The ending balance of cash and cash equivalents was ¥290,909,806.84, down from ¥733,389,828.34 in Q1 2022[37] - Cash received from loans in Q1 2023 was ¥25,860,000.00, with no loans received in Q1 2022[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,152,488,465.02, a decrease of 0.89% from the end of the previous year[6] - Total current assets as of March 31, 2023, were RMB 7,598,041,964.88, slightly down from RMB 7,646,827,446.07 at the end of 2022[16] - Total liabilities decreased to RMB 5,436,757,124.50 from RMB 5,524,937,739.40, a reduction of approximately 1.6%[18] - The company's total current liabilities as of March 31, 2023, were ¥5,426,953,884.67, slightly down from ¥5,488,385,709.42 at the end of 2022, a reduction of about 1.12%[31] - The company's equity attributable to shareholders increased to RMB 3,633,460,346.21 from RMB 3,627,345,441.66, reflecting a slight increase of about 0.2%[18] - The company's total assets as of March 31, 2023, amounted to ¥9,099,584,599.67, a decrease from ¥9,157,760,673.14 at the end of 2022, reflecting a reduction of approximately 0.63%[30] Operational Insights - The significant decline in revenue and profit was primarily due to a decrease in orders during the reporting period[9] - The company reported a significant decrease in cash received from sales and services, totaling ¥239,594,450.86 in Q1 2023, compared to ¥615,297,446.44 in Q1 2022[36] - The company reported a decrease in accounts receivable to ¥1,444,799,710.35 from ¥1,673,788,396.74, a decline of approximately 13.68%[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[14] - There are no significant changes in the shareholder structure or related party transactions reported for the period[15] Expenses - The operating costs for Q1 2023 were approximately ¥154.31 million, a decrease from ¥333.47 million in Q1 2022, indicating a decline of about 53.8%[21] - The management expenses for Q1 2023 were approximately ¥18.10 million, an increase from ¥12.21 million in Q1 2022, representing an increase of about 48.4%[21] - Research and development expenses for Q1 2023 were ¥6,456,184.02, a decrease of 54.92% compared to ¥14,033,947.61 in Q1 2022[34] - The cost of goods sold in Q1 2023 was ¥124,061,700.12, down from ¥302,483,906.77 in Q1 2022, indicating a decrease of 59.00%[34]

Financial Performance - The company's operating revenue for 2022 was RMB 1,242,036,740.79, a decrease of 54.18% compared to RMB 2,710,749,103.86 in 2021[19]. - The net profit attributable to shareholders for 2022 was RMB 34,785,239.07, down 92.77% from RMB 480,792,920.67 in the previous year[19]. - The net cash flow from operating activities was negative RMB 604,499,511.05, worsening by 48.04% compared to negative RMB 408,330,397.80 in 2021[19]. - The total assets at the end of 2022 were RMB 9,234,894,162.95, a slight decrease of 0.35% from RMB 9,267,222,424.57 at the end of 2021[19]. - The company's basic earnings per share decreased by 92.59% to CNY 0.08 in 2022 compared to CNY 1.08 in 2021[20]. - The weighted average return on equity dropped to 0.96% in 2022 from 14.07% in 2021, a decrease of 13.11 percentage points[20]. - The net profit after deducting non-recurring gains and losses also saw a significant decline of 93.46% to CNY 0.07 per share[20]. - The total revenue for the year decreased by 54.18% compared to the previous year[20]. - The company reported a significant decline in operating revenue, achieving RMB 124,203.67 million, a decrease of 54.18% year-on-year[33]. - The net profit attributable to the parent company was RMB 3,478.52 million, down 92.77% compared to the previous year[33]. Business Strategy and Focus - The company plans to focus on ecological restoration and municipal landscape as its two main business lines in response to increasing environmental protection demands[29]. - The ecological restoration business includes wetland protection, water governance, and forest park development, aligning with national strategies for ecological civilization[30]. - The company aims to enhance its capabilities in wetland monitoring and regulation to improve ecosystem quality and stability[30]. - The company is actively expanding its business in ecological restoration, water governance, and forestry carbon sink projects, aiming to become a leader in the ecological restoration industry[32]. - The company plans to invest over RMB 500 billion in the construction of 20 million hectares of national reserve forests by 2035, with an annual market growth of RMB 260-380 billion[31]. - The company is focusing on optimizing its business structure and actively exploring market opportunities in the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area[35]. - The company aims to strengthen its core competitiveness and industry influence by capitalizing on the expanding green and environmental protection market[40]. - The company is committed to achieving the national goals of carbon peak by 2030 and carbon neutrality by 2060, aligning its business strategies with these objectives[41]. Research and Development - The company obtained 43 patents during the reporting period, including 34 utility model patents and 9 invention patents[38]. - The company has established a postdoctoral innovation practice base recognized by Jiangsu Province, enhancing its research capabilities in ecological restoration and landscape construction[46]. - The company has collaborated with Jiangnan University on water environment research, resulting in significant academic publications and patent applications[46]. - The company has a strong focus on R&D in ecological restoration technologies, maintaining its status as a national high-tech enterprise[46]. - The company has developed a variety of innovative products, including a drainage outlet anti-blocking device and a self-balancing landscape greening water storage device, contributing to its competitive edge[46]. Market Presence and Expansion - The company is actively expanding its market presence in response to the growing demand for ecological restoration and environmental protection, leveraging its comprehensive capabilities in project planning, design, and construction[42]. - The company is enhancing its risk control mechanisms to ensure project quality and mitigate financial risks associated with its expansion[37]. - The company aims to leverage its geographical advantages to increase its market share and brand influence across various regions in China[37]. - The company has established a comprehensive ecological restoration industry chain, covering "seedlings-design-engineering-maintenance"[49]. - The company has expanded its operations across over 20 provinces, enhancing its cross-regional operational capabilities[49]. Corporate Governance - The company has established a robust corporate governance structure, adhering to laws and regulations, which enhances decision-making mechanisms and protects the rights of all shareholders, especially minority shareholders[94]. - The board of directors consists of 9 members, including 3 independent directors, and convened 7 times during the reporting period to ensure prudent and scientific decision-making[94]. - The supervisory board, comprising 3 members, also convened 7 times, effectively overseeing the company's operations and safeguarding shareholder interests[95]. - The company maintains independence from its controlling shareholder, ensuring no misuse of funds or unauthorized guarantees, thereby preserving operational autonomy[95]. - The company actively engages with investors through various channels, including roadshows and interactive platforms, to gather feedback and protect investor interests[96]. Financial Management and Risks - The company has significant cash restrictions due to ongoing litigation, with a total of ¥180.58 million frozen in bank accounts[68]. - The company faces risks from market competition and operational funding due to its project settlement model, which relies on timely payments from clients[88]. - The company is enhancing its project management system to improve cash collection efficiency, focusing on selecting projects with good credit and establishing a professional management team[86]. - The company reported a net cash outflow from financing activities of 59.30%, mainly due to increased repayment of bank loans during the reporting period[55]. - The company has implemented management control over subsidiaries, ensuring compliance with relevant laws and regulations[132]. Environmental and Social Responsibility - The company actively promotes energy-saving and environmentally friendly practices, advocating for green office initiatives and low resource consumption[139]. - The company is committed to continuously advancing its employee stock ownership plan and equity incentive programs for mid-to-senior management and technical personnel[131]. - The company has not disclosed a separate social responsibility report or ESG report for the reporting period[139]. Strategic Partnerships and Collaborations - The company signed a strategic cooperation agreement with the People's Government of Yongde County to develop forestry carbon sink projects covering 3.3 million acres of forestry resources[155]. - The company entered into a project investment framework agreement with Luzhou Aviation Development Group to develop forestry carbon sink projects in an area of approximately 9.2 million acres in Sichuan Province[155]. - The company signed a strategic cooperation agreement with China Electric Power Construction Group Chengdu Survey and Design Research Institute in June 2022, focusing on various sectors including water conservancy and ecological restoration, with implementation uncertainty[156]. - The company has engaged in multiple strategic cooperation agreements across various regions and sectors, indicating a focus on ecological and environmental projects, though many have uncertain implementation outcomes[156][157][158][159][160][161][162][163].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 263,180,624.99, a decrease of 48.76% compared to the same period last year[5]. - The net profit attributable to shareholders for the year-to-date period was CNY 191,031,357.23, reflecting a decline of 46.95% year-on-year[8]. - The basic earnings per share for Q3 2022 was CNY 0.03, down 84.21% from the previous year[6]. - Total revenue for the first three quarters of 2022 was CNY 1,230,236,240.78, a decrease of 31.3% compared to CNY 1,790,547,286.76 in the same period of 2021[22]. - Net profit for Q3 2022 was CNY 189,734,270.54, a decline of 47.7% compared to CNY 362,712,208.51 in Q3 2021[23]. - The net profit attributable to shareholders of the parent company for Q3 2022 was CNY 191,031,357.23, down 47.0% from CNY 360,106,326.11 in the same quarter of 2021[24]. - Basic earnings per share for Q3 2022 were CNY 0.43, compared to CNY 0.81 in Q3 2021, reflecting a decrease of 46.8%[24]. - The net profit for the first three quarters of 2022 was CNY 193,423,892.02, down 46.0% from CNY 357,272,482.76 in the first three quarters of 2021[34]. Cash Flow and Financial Position - Cash flow from operating activities showed a significant negative figure of CNY -495,263,323.21 for the year-to-date period[6]. - Cash inflow from operating activities for the first three quarters of 2022 was CNY 1,145,586,046.77, an increase of 61.5% compared to CNY 709,497,623.76 in the same period of 2021[26]. - Net cash outflow from operating activities was CNY -495,263,323.21, an improvement from CNY -602,371,100.69 in the previous year[26]. - The company's cash flow statement for the first three quarters of 2022 is unaudited, indicating ongoing financial assessments[25]. - The cash and cash equivalents at the end of the third quarter of 2022 were CNY 494,763,327.29, down from CNY 360,465,592.97 in the same period of 2021[27]. - The company's cash and cash equivalents at the end of the third quarter of 2022 were CNY 440,766,148.86, an increase from CNY 292,409,717.71 at the end of the same period in 2021[36]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,366,245,370.97, an increase of 1.06% from the end of the previous year[6]. - Total assets as of Q3 2022 amounted to CNY 9,366,245,370.97, an increase of 1.1% from CNY 9,267,222,424.57 at the end of Q3 2021[21]. - Total liabilities were CNY 5,493,655,748.75, a decrease of 1.2% from CNY 5,562,211,467.54 in the previous year[21]. - Total liabilities decreased to CNY 5,633,774,369.59 from CNY 5,655,034,559.67 in the previous year[30]. - The company's total equity increased to CNY 3,684,072,184.63 from CNY 3,512,953,092.61 at the end of 2021[30]. Operational Challenges and Strategies - The company faced challenges in project execution due to repeated COVID-19 outbreaks, leading to a slowdown in construction efficiency and project acceptance[7]. - The company adjusted its development strategy to focus on improving project quality and internal design capabilities while managing project risks[7]. - The company plans to continue focusing on project completion and enhancing operational efficiency in response to the ongoing challenges[7]. Financial Expenses - The company reported an increase in financial expenses due to higher bank borrowings amid declining revenues[8]. - Financial expenses increased by 205.21% primarily due to an increase in bank borrowings and interest expenses[13]. - The company incurred interest expenses of CNY 19,265,086.81 in the first three quarters of 2022, compared to CNY 988,715.28 in the same period of 2021[33]. - The company reported a financial expense of CNY 14,921,755.69 in Q3 2022, compared to a financial income of CNY 14,182,281.41 in Q3 2021, indicating a shift in financial performance[23]. Research and Development - Research and development expenses for Q3 2022 were CNY 55,155,652.55, slightly up from CNY 53,208,132.24 in Q3 2021, showing a focus on innovation[23]. - Research and development expenses for the first three quarters of 2022 were CNY 55,155,652.55, slightly up from CNY 53,208,132.24 in the same period of 2021[33].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥967.06 million, a decrease of 24.27% compared to ¥1,276.97 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥178.11 million, down 35.78% from ¥277.36 million in the previous year[22]. - The basic earnings per share for the first half of 2022 was ¥0.40, representing a decline of 35.48% compared to ¥0.62 in the same period last year[21]. - The total operating revenue for the first half of 2022 was CNY 967,055,615.79, a decrease of 24.2% compared to CNY 1,276,972,379.80 in the same period of 2021[107]. - The net profit for the first half of 2022 was CNY 177,150,777.74, a decline of 36.5% from CNY 279,169,067.86 in the same period of 2021[108]. - The company reported a total comprehensive income of 178,109,338.54 RMB for the first half of 2022[119]. Cash Flow and Financial Position - The net cash flow from operating activities increased by 8.80%, amounting to approximately -¥248.59 million, compared to -¥272.57 million in the previous year[22]. - The company's cash and cash equivalents decreased by 16.00% to ¥798,205,839.29 from ¥946,055,498.79 year-on-year[50]. - The net cash flow from operating activities for the first half of 2022 was -206,801,278.56 RMB, an improvement from -233,295,871.43 RMB in the same period of 2021[115]. - The total assets as of June 30, 2022, increased by 3.85% to approximately ¥9.62 billion, up from ¥9.27 billion at the end of the previous year[22]. - Total liabilities amounted to CNY 5,764,414,811.58, up from CNY 5,562,211,467.54, which is an increase of approximately 3.63%[101]. - The company's total equity at the end of June 2022 was CNY 3,670,400,600.62, up from CNY 3,512,953,092.61 at the end of the previous year, marking an increase of approximately 4.5%[123]. Investments and Projects - The company is engaged in various projects, including the rural sewage treatment project in Tonghai County and ecological restoration projects in Liuzhou City[29]. - The company operates in the ecological protection and environmental governance industry, focusing on wetland protection, water environment governance, and municipal landscape projects[27]. - The company secured new project contracts totaling RMB 207,535.99 million during the reporting period[43]. - The company is actively exploring opportunities in forestry carbon sinks, mine remediation, and soil restoration to enhance its business scope[46]. - The company has established a national operational network with branches in over 20 provinces, enhancing its cross-regional operational capabilities[37]. Risk Management and Compliance - The company emphasizes the importance of risk management and has detailed potential risks in the report[6]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[8]. - The company reported no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[81]. - There were no non-operating fund occupations by major shareholders or related parties during the reporting period, reflecting sound financial practices[80]. - The company is facing risks from macroeconomic factors and the COVID-19 pandemic, which could impact business expansion and negotiations[59]. Strategic Direction and Future Outlook - The ecological protection industry is expected to see high growth due to national policies supporting ecological civilization and environmental governance[31]. - The company is positioned to benefit from the "3060" carbon neutrality goals, which will drive investment in ecological restoration[32]. - The company aims to leverage the national strategy for the integrated development of the Yangtze River Delta to enhance its business opportunities[38]. - The company plans to enhance its market expansion strategies and product development in the upcoming quarters[110]. - The company is committed to optimizing its business model to address operational funding risks associated with its project financing structure[60]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The company held an extraordinary general meeting on August 8, 2022, where the fifth board of directors and supervisory board members were elected, consisting of 9 directors and 3 supervisors[67]. - The actual controller and major shareholders have pledged that any share reduction after the lock-up period will not exceed 25% of their total holdings annually[79]. - The company has maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[81]. - The company has not reported any changes in controlling shareholders or actual controllers during the reporting period[93]. Research and Development - The company holds a total of 93 patents in ecological restoration and landscape construction, with 5 new utility model patents and 5 invention patents granted during the reporting period[34]. - The company has established long-term cooperative relationships with various research institutions, enhancing its project implementation capabilities[36]. - The company has invested in new technology and research related to ecological environment protection and carbon reduction services[126]. Accounting and Financial Reporting - The financial statements are prepared based on actual transactions and events in accordance with the accounting standards issued by the Ministry of Finance[132]. - The company recognizes revenue, expenses, and profits from subsidiaries or businesses acquired during the reporting period in the consolidated income statement from the acquisition date to the end of the reporting period[147]. - The company assesses expected credit losses for accounts receivable based on historical loss experience and current economic conditions, categorizing them into several groups for calculation[183]. - The company recognizes expected liabilities for additional obligations under investment contracts when necessary, impacting current investment losses[199]. - The company’s accounting treatment for long-term equity investments is based on the nature of its influence over the investee, whether it is control, joint control, or significant influence[200].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 429,956,469.93, representing a decrease of 17.91% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 81,808,484.39, down 18.07% year-on-year[5]. - The basic earnings per share for the period was CNY 0.18, reflecting an 18.18% decrease compared to the previous year[6]. - Total operating revenue for Q1 2022 was ¥429,956,469.93, a decrease of 17.9% compared to ¥523,764,428.70 in Q1 2021[20]. - Net profit for Q1 2022 was ¥81,291,738.37, a decline of 17.3% from ¥98,358,854.23 in Q1 2021[21]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.18, compared to ¥0.22 in Q1 2021[22]. Cash Flow - The net cash flow from operating activities increased significantly by 123.69%, amounting to CNY 32,353,526.74[5]. - Cash inflow from operating activities in Q1 2022 was ¥644,343,384.89, significantly higher than ¥333,509,352.08 in Q1 2021[23]. - The net cash flow from operating activities for Q1 2022 was $32,353,526.74, a significant improvement compared to a net outflow of $136,572,631.09 in Q1 2021[24]. - Total cash outflow from operating activities reached $611,989,858.15, up from $470,081,983.17 in the previous year[24]. - The ending cash and cash equivalents balance for Q1 2022 was $789,167,544.16, compared to $576,460,015.71 at the end of Q1 2021[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,440,504,957.85, an increase of 1.87% from the end of the previous year[6]. - The company's current assets totaled CNY 7,614,116,783.59, compared to CNY 7,383,103,709.25 in the previous year, reflecting a growth of approximately 3.13%[17]. - The total liabilities of the company were CNY 5,654,202,262.45, slightly up from CNY 5,562,211,467.54[18]. - The company's equity remained stable at CNY 3,786,302,695.40, unchanged from the previous reporting period[18]. - Total liabilities and equity as of the end of Q1 2022 amounted to ¥9,440,504,957.85, compared to ¥9,267,222,424.57 at the end of Q1 2021[19]. - The company's total equity attributable to shareholders increased to ¥3,694,449,780.85 in Q1 2022 from ¥3,612,641,296.46 in Q1 2021[19]. Expenses - Research and development expenses increased by 43.84%, indicating a rise in investment in innovation[10]. - Management expenses decreased by 37.22% due to reduced travel and office costs amid the pandemic[10]. - The company experienced a decrease in management expenses to ¥12,208,903.78 in Q1 2022 from ¥19,445,939.91 in Q1 2021, a reduction of 37.4%[20]. - The company reported a financial expense of ¥4,525,199.89 in Q1 2022, compared to a financial income of ¥636,205.14 in Q1 2021[20]. Other Financial Metrics - The weighted average return on equity decreased by 0.82 percentage points to 2.24%[6]. - The company received government subsidies amounting to CNY 800,486.00, contributing to other income growth of 200.45%[10]. - The company reported a total payment of taxes and fees amounting to $15,231,924.64, an increase from $9,655,883.80 in the previous year[24]. - The company did not report any cash inflow from investment activities aside from a minor recovery of $140,000.00 from the disposal of fixed assets[24]. - The company has not adopted the new accounting standards for the current year, as indicated in the report[25].

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].