Financial Performance - Operating revenue for the first nine months increased by 5.51% to CNY 508,136,918.10 compared to the same period last year[8] - Net profit attributable to shareholders increased by 15.64% to CNY 224,876,622.21 compared to the same period last year[8] - Basic earnings per share increased by 8.33% to CNY 0.52 per share compared to the same period last year[9] - The company's net profit increased by 35.40%, resulting in retained earnings of CNY 704,043,921.85 compared to CNY 519,967,299.64 in the previous period[17] - Total revenue for Q3 2015 was approximately ¥160.32 million, a decrease of 10.6% compared to ¥179.28 million in Q3 2014[40] - Operating profit for Q3 2015 was approximately ¥72.52 million, down from ¥76.58 million in Q3 2014, reflecting a decline of 7.4%[40] - Net profit attributable to the parent company for the first nine months of 2015 was approximately ¥224.88 million, an increase of 15.7% compared to ¥194.47 million in the same period of 2014[40] - Operating profit for the first nine months of 2015 was CNY 101,850,931.61, up from CNY 91,949,547.39 in the same period last year, representing an increase of 10.3%[44] Asset and Liability Changes - Total assets increased by 7.83% to CNY 3,030,176,427.24 compared to the end of the previous year[8] - Total liabilities decreased to CNY 1,416,493,997.61 from CNY 1,831,950,813.13, a reduction of about 22.6%[33] - The company's equity attributable to shareholders rose to CNY 1,613,682,429.63 from CNY 978,132,651.75, marking an increase of approximately 64.9%[33] - Current assets totaled approximately ¥261.77 million at the end of Q3 2015, an increase of 25.7% from ¥208.01 million at the beginning of the year[36] - Long-term equity investments rose to approximately ¥857.46 million, a significant increase of 95.3% from ¥438.46 million at the beginning of the year[36] Cash Flow Analysis - Net cash flow from operating activities increased by 9.70% to CNY 279,937,470.57 compared to the same period last year[8] - Cash flow from operating activities for the first nine months of 2015 was CNY 609,763,986.52, an increase from CNY 522,391,250.28 in the previous year, showing a growth of 16.7%[47] - The net cash flow from investment activities was -CNY 92,540,634.12, worsening from -CNY 42,171,017.45 in Q3 2014, indicating increased investment outflows[48] - The company reported a net cash flow from financing activities of CNY 401,958,898.14 for the first nine months of 2015, compared to -CNY 68,087,750.00 in the previous year, showing a significant turnaround[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,997[14] - The largest shareholder, Weiming Group Co., Ltd., holds 44.84% of the shares[14] - The company has committed to not transferring or entrusting the management of shares held prior to its IPO for a period of 36 months from the date of listing[23] - The company has established measures to stabilize its stock price if it falls below net asset value per share, with commitments made on March 7, 2015[23] Operational Developments - The company approved an investment of approximately CNY 120 million for a kitchen waste treatment project in Wenzhou, with a processing capacity of 200 tons per day[20] - The company is focused on expanding its waste management services through new subsidiaries and operational licenses[21] - The company has ongoing commitments to comply with relevant regulations regarding shareholding and management practices[25] Expense Management - The company's sales expenses decreased by 35.71% from CNY 5,445,033.13 to CNY 3,500,681.98, mainly due to reduced expenses at the Shanghai branch[18] - Sales expenses for Q3 2015 were CNY 1,018,552.12, down from CNY 1,926,055.56 in Q3 2014, reflecting a decrease of 47.3%[44] - Management expenses for Q3 2015 increased to CNY 6,347,239.96 from CNY 4,620,887.01 in Q3 2014, marking a rise of 37.3%[44] Government Support - The company received government subsidies amounting to CNY 3,003,062.29 during the reporting period[11]

Financial Performance - The company's operating revenue for the first half of 2015 was RMB 347,812,236.12, representing a 15.05% increase compared to RMB 302,301,629.86 in the same period last year [18]. - The net profit attributable to shareholders for the first half of 2015 was RMB 151,708,707.04, which is a 29.25% increase from RMB 117,376,505.07 in the previous year [18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 149,814,583.79, reflecting a 30.71% increase compared to RMB 114,617,715.38 in the same period last year [18]. - The net cash flow from operating activities for the first half of 2015 was RMB 189,097,639.34, up 29.88% from RMB 145,594,779.97 in the previous year [18]. - The total operating revenue for the current period reached ¥347,812,236.12, an increase of 15% compared to ¥302,301,629.86 in the previous period [90]. - The total profit for the current period was ¥167,471,035.66, an increase of 29% compared to ¥129,635,491.02 in the previous period [90]. - Basic and diluted earnings per share improved to ¥0.37, up from ¥0.29, indicating a growth of 28% [93]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were RMB 1,540,514,514.46, a 57.50% increase from RMB 978,132,651.75 at the end of the previous year [18]. - The total assets at the end of the reporting period were RMB 3,112,214,324.46, which is a 10.75% increase from RMB 2,810,083,464.88 at the end of the previous year [18]. - The company’s total liabilities decreased to CNY 1,571,699,810.00 from CNY 1,831,950,813.13, a reduction of about 14.2% [84]. - Current liabilities decreased to CNY 209,084,334.93 from CNY 373,802,269.11, a reduction of about 44% [84]. - Non-current liabilities decreased to CNY 1,362,615,475.07 from CNY 1,458,148,544.02, reflecting a decline of approximately 6.5% [84]. Investment and Expansion - The company signed agreements for the expansion of the waste incineration project in Wuyi County, increasing the construction scale to 900 tons/day [25]. - The company invested CNY 224,000,000.00 during the reporting period, a significant increase of 1020% compared to CNY 20,000,000.00 in the same period last year [36]. - The company is currently in the construction phase for several waste treatment projects, including those in Dongyang, Wuyi, and Jiashan, with specific agreements established for these projects [52]. - The company is actively expanding its waste management operations in specific regions, including Hebei and Zhejiang, as part of its growth strategy [52]. Research and Development - Research and development expenses increased by 34.69% to RMB 2.28 million, driven by higher personnel costs and material inputs [29]. - The company has a strong R&D capability with proprietary technologies in waste incineration, successfully applied for over 15 years [35]. Shareholder and Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for the reporting period [3]. - The company has committed to not transferring or repurchasing shares held by major shareholders for a period of 36 months following its IPO, which is aimed at stabilizing the stock price [54]. - The company has established a plan to stabilize its stock price if it falls below net asset value per share, with specific measures to be taken if this occurs [54]. - The company will ensure compliance with all legal and regulatory requirements regarding share transactions and disclosures [58]. Taxation and Financial Policies - The company benefits from a VAT exemption on waste treatment service income from January 1, 2015, to December 31, 2015 [196]. - The company has received tax reduction notifications for waste treatment services from various local tax authorities [195]. - Subsidiary Yuhuan Company had a corporate income tax rate of 0% for the year 2015 due to engaging in eligible environmental protection and energy-saving projects [200]. Compliance and Reporting - The report has not been audited [5]. - The company held one annual general meeting during the reporting period, fully complying with the relevant regulations of the Articles of Association and the Rules of Procedure for General Meetings [65]. - The board of directors convened four meetings, consisting of seven members, including three independent directors, meeting legal requirements [66]. - The company organized 17 temporary announcements during the reporting period, ensuring timely disclosure of significant events such as the IPO and fundraising [67].