Financial Performance - The company's operating revenue for Q3 2022 was ¥248,473,911.23, representing a decrease of 53.79% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was -¥58,245,432.78, a decline of 47.29% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,847,463.98, down 49.65% from the previous year[5]. - Basic and diluted earnings per share for Q3 2022 were both -¥0.14, a decrease of 30.43% compared to the same period last year[6]. - Total revenue for the first three quarters of 2022 was CNY 588,545,358.68, a decrease of 53.8% compared to CNY 1,273,589,489.18 in the same period of 2021[19]. - Net loss for the third quarter of 2022 was CNY 255,553,362.53, compared to a net loss of CNY 193,047,108.69 in the same quarter of 2021, representing a 32.4% increase in losses[20]. - The company reported a total comprehensive loss of CNY 255,395,048.10 for the third quarter of 2022, compared to a loss of CNY 193,075,240.86 in the same quarter of 2021[21]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥245,114,658.40, an increase of 6.00%[6]. - The cash inflow from operating activities for the first three quarters of 2022 was CNY 639,086,806.39, a decrease of 10.4% compared to CNY 713,217,724.81 in the same period of 2021[23]. - The net cash flow from operating activities increased to CNY 245,114,658.40, up by 6.4% from CNY 231,237,307.00 year-on-year[23]. - The total cash inflow from investment activities was CNY 119,716,935.59, down 43.2% from CNY 210,636,163.84 in the previous year[24]. - The net cash flow from investment activities was -CNY 75,070,033.58, slightly worse than -CNY 73,186,353.85 in the same period last year[24]. - The cash inflow from financing activities totaled CNY 4,229,440.50, a significant drop from CNY 570,083,100.00 in the previous year[24]. - The net cash flow from financing activities was -CNY 205,501,215.27, an improvement compared to -CNY 225,951,340.26 in the same period of 2021[24]. - The cash and cash equivalents at the end of the period were CNY 43,317,066.78, down from CNY 284,061,538.94 at the end of the previous year[24]. - The company received CNY 124,712,756.55 in tax refunds, a significant increase from CNY 2,016,456.07 in the same period last year[23]. - The cash paid for purchasing goods and services was CNY 201,294,762.94, a decrease of 24.2% from CNY 265,827,235.28 in the previous year[23]. - The cash paid to employees was CNY 98,848,738.40, down 22.0% from CNY 126,743,213.97 in the same period of 2021[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,254,274,636.73, down 2.25% from the end of the previous year[6]. - The company's total assets as of the end of the third quarter of 2022 were CNY 9,254,274,636.73, a decrease from CNY 9,467,616,790.22 at the end of the previous year[17]. - Total liabilities amounted to CNY 9,902,009,922.76, slightly up from CNY 9,862,915,583.23 in the previous year[17]. - The company's equity attributable to shareholders was negative CNY 1,397,092,742.40, worsening from negative CNY 1,148,072,462.68 in the previous year[17]. - The company reported a significant increase of 63.59% in current non-current assets due to the collection of long-term receivables[8]. - Accounts receivable increased to ¥1,201,520,176.59 from ¥1,103,058,096.13, reflecting a growth of about 8.9% year-over-year[14]. - The total current assets as of September 30, 2022, are ¥2,145,368,936.58, slightly down from ¥2,170,923,897.28 at the end of 2021[14]. - Long-term receivables stand at ¥1,494,403,445.43, showing a decrease from ¥1,512,946,424.90[14]. - The total inventory as of September 30, 2022, is ¥43,938,078.85, an increase from ¥31,676,390.88[14]. - The company reported a total of 4,215,151.97 in goodwill, unchanged from the previous year[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,628[11]. - The largest shareholder, Huijin Aggregation (Ningbo) Investment Management Co., Ltd., holds 148,248,078 shares, accounting for 35.48% of total shares, with all shares frozen[11]. - The company has a total of 16,931,907 unrestricted circulating shares held by Ningbo Zhongjin Gongxin Investment Management Partnership, accounting for 4.05%[12]. Research and Development - Research and development expenses decreased by 63.09% due to reduced revenue, employee adjustments, and financial pressures[9]. - Research and development expenses for the third quarter of 2022 were CNY 10,478,576.08, down 63.0% from CNY 28,390,839.19 in the same quarter of 2021[20]. Strategic Outlook - The company has not disclosed any significant new strategies or future outlook in the provided documents[13]. - The company's operating income decreased primarily due to the impact of COVID-19 and a challenging financing environment, leading to a reduction in external orders[8].

Financial Performance - The net profit attributable to the shareholders of the parent company for 2022 was CNY 1.597 billion, with accumulated undistributed profits as of December 31, 2022, at CNY -0.590 billion[5]. - The company will not distribute cash dividends or stock dividends for the 2022 fiscal year, nor will it transfer capital reserves to increase share capital[5]. - The company's operating revenue for 2022 was ¥668,556,198.42, a decrease of 41.74% compared to ¥1,147,541,381.01 in 2021[24]. - The net profit attributable to shareholders in 2022 was ¥1,597,113,517.51, representing a significant increase of 231.44% from a loss of ¥1,215,048,342.59 in 2021[24]. - The net cash flow from operating activities for 2022 was ¥338,467,084.80, down 12.49% from ¥386,780,804.31 in 2021[24]. - The total assets at the end of 2022 were ¥8,005,228,658.92, a decrease of 15.45% from ¥9,467,616,790.22 at the end of 2021[24]. - The net assets attributable to shareholders increased to ¥1,669,781,255.97 in 2022, a 245.44% increase from a negative net asset of ¥1,148,072,462.68 in 2021[24]. - The basic earnings per share for 2022 was ¥1.65, compared to a loss of ¥1.25 in 2021, marking a 232.00% improvement[26]. - The company completed a debt restructuring in 2022, which contributed to the significant increase in net profit due to the recognition of large restructuring gains[27]. - The company faced a substantial decrease in external order volume due to macroeconomic conditions and ongoing litigation, impacting revenue generation[26]. Audit and Compliance - The company has reported a standard unqualified audit opinion from Zhongxing Caiguanghua Accounting Firm[4]. - The company’s financial report has been confirmed for its authenticity, accuracy, and completeness by its management team[4]. - There are no non-operating fund occupations by controlling shareholders or other related parties[7]. - The company has not faced any violations of decision-making procedures regarding external guarantees[7]. - The company has detailed potential risks it may face in the annual report, which can be found in the "Management Discussion and Analysis" section[7]. Corporate Governance - The company strictly adheres to the Company Law and Securities Law, ensuring a robust corporate governance structure and effective internal control systems[148]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no instances of fund or asset occupation[149]. - The board of directors operates with a focus on integrity and diligence, holding regular meetings and ensuring compliance with legal and regulatory requirements[150]. - The supervisory board conducts oversight on financial matters, fundraising, and related party transactions, safeguarding the rights of shareholders[151]. - The company fulfills its information disclosure obligations in a fair and transparent manner, ensuring equal access to information for all shareholders[153]. Operational Efficiency and Strategy - The company achieved a 31.52% reduction in labor costs through personnel restructuring and optimization during the reporting period[42]. - The company maintained stable operations and cash flow despite challenges, achieving continuous development through management optimization and strategic adjustments[40][41]. - The company has focused on optimizing operational management to counteract rising costs of chemicals, water, and electricity, leading to a stable operational performance despite a decrease in overall business volume[92]. - The company aims to enhance operational efficiency and cash flow management in 2023, focusing on improving revenue, cost, and profit levels[137]. - The company plans to focus on expanding its business scale and actively layout in the new energy sector while maintaining its core water industry business[187]. Environmental Initiatives - The company aims to achieve a 16% reduction in water consumption per unit of industrial added value by 2025, in line with national policies[50]. - The company is focusing on soil and groundwater remediation, leveraging advanced technologies to address complex pollution issues in key regions such as Beijing-Tianjin-Hebei and the Yangtze River Delta[58]. - The company is actively developing hydrogen energy technologies, with plans to expand applications in various sectors, including industrial and transportation, while collaborating with local governments and partners[59]. - The company has established environmental protection mechanisms and complies with local environmental regulations[195]. - The company’s pollution control facilities are constructed and operated in accordance with national laws and regulations[199]. Research and Development - The company has developed a comprehensive technical system with multiple core technologies for industrial wastewater treatment, including Bio-EGSB™ and Bio-HAT™ technologies[65]. - The company holds 222 patents, including 64 invention patents, and has established a strong R&D team of 85 technical personnel[68]. - The total R&D investment for the reporting period is 33.07 million yuan, accounting for 4.95% of total revenue, with 42.29% of the R&D costs being capitalized[97][100]. - The company has established a dedicated employee training platform to support strategic culture implementation and leadership development[182]. Market and Sales Performance - The company’s revenue from water environment solutions was 102.00 million yuan, with a gross profit margin of -275.66%, reflecting a significant decrease in new project bids due to financial pressures[77]. - The company’s revenue from the central region was 152.64 million yuan, with a gross profit margin of 34.30%, despite a 41.77% decrease in revenue year-on-year[77]. - The company is implementing a "special attack" plan to recover accounts receivable and enhance project management team capabilities[79]. - The company aims to maintain good relationships with upstream and downstream partners to minimize negative impacts from litigation and financial pressures[74]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 602, with 177 in the parent company and 425 in subsidiaries[180]. - The company has a diverse employee composition, including 326 production personnel, 85 technical personnel, and 13 sales personnel[180]. - The company has established a competitive and diversified compensation incentive system based on job value and performance orientation[181]. - The company has experienced personnel changes, including the appointment of Liu Yifeng as the financial director due to work adjustments[169]. Future Outlook - The company plans to accelerate the development of lithium extraction from salt lakes and hydrogen energy technologies, establishing a dedicated subsidiary for hydrogen energy[142]. - The company has set a long-term goal to transition to lithium extraction and hydrogen energy, enhancing revenue and corporate value[142]. - The company recognizes the risks posed by macroeconomic changes and intensified competition in the environmental sector, and will adapt its strategies accordingly[143][144].

证券代码：603603 证券简称：*ST 博天 公告编号：临 2023-033 博天环境集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 博天环境集团股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日披露 公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况，公司计划于 2023 年 4 月 21 日下午 14:00-15:00 举行 2022 年度 业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2023 年 4 月 21 日（星期五）下午 14:00-15:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 14 日（星期五）至 4 月 20 日（星期四）16:00 前登录上证路演中心网站首页点击"提 ...

证券代码：603603 证券简称：*ST 博天 博天环境集团股份有限公司 投资者关系活动记录表（2021 年度业绩说明会） | --- | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------|--------------------------------|----------------------------------------------------------------------------------------------------------------------| | | | | | | | □ 特定对象调研 | □ 分析师会议 | | | | □ 媒体采访 √ | 业绩说明会 | | | 投资者关系活动类 | □ 新闻发布会 □ | 路演活动 | | | 别 | □ 现场参观 | | | | | □ 其他（请文字 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 340,071,447.45, a decrease of 68.90% compared to CNY 1,093,540,443.40 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of CNY 193,891,716.45, representing a decline of 132.14% from a loss of CNY 83,524,126.64 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 176,884,218.67, which is a decrease of 58.87% compared to a loss of CNY 111,338,716.69 in the same period last year[19]. - The company's basic earnings per share for the first half of 2022 was -0.46 yuan, a decrease of 130.00% compared to -0.20 yuan in the same period last year[21]. - The net profit attributable to shareholders decreased by 132.14% year-on-year, primarily due to a decline in operating income leading to reduced gross profit[22]. - The company reported a revenue of CNY 340.07 million, a decrease of 68.90% year-on-year, primarily due to the impact of COVID-19 and a challenging financing environment[50]. - The net profit attributable to shareholders was CNY -193.89 million, a decline of 132.14% compared to the same period last year, with a net profit of CNY -176.88 million after excluding non-recurring gains and losses, down 58.87% year-on-year[50]. - The company reported a net loss of ¥1,533,775,761.59 for the year 2021, with total equity at -¥190,728,905.10 as of December 31, 2021[117]. Cash Flow and Assets - The net cash flow from operating activities increased by 61.74% to CNY 245,529,324.14, compared to CNY 151,805,203.25 in the previous year[20]. - Total assets decreased by 2.96% to CNY 9,799,366,756.46 from CNY 10,098,633,640.58 at the end of the previous year[20]. - Cash and cash equivalents decreased by 20.35% to 15,084.25 million RMB compared to the previous year[59]. - The company's total assets decreased to CNY 6,372,164,263.74 from CNY 6,586,244,067.24, reflecting a decline of 3.2%[155]. - The total liabilities at the end of the reporting period were -1,389,780,896.50 CNY[180]. - The company's cash and cash equivalents at the beginning of the period were CNY 4,855,263.75, indicating a significant reliance on cash reserves[170]. Debt and Restructuring - The company is undergoing a debt restructuring process to alleviate financial burdens and improve operational efficiency amid industry challenges[47]. - The company has signed a restructuring investment agreement with a consortium of investors to facilitate its recovery and future growth[48]. - The company is in a pre-restructuring phase, planning to optimize its capital structure and restore profitability through debt-to-equity swaps and attracting new investors[74]. - The company is undergoing a judicial reorganization process initiated by creditors due to its inability to repay debts, with significant restructuring plans in place to improve its financial stability[119]. - The company has received a non-standard audit opinion regarding its ability to continue as a going concern, highlighting significant uncertainties[117]. Operational Challenges - The company has faced project delays and suspensions, leading to a slowdown in engineering progress and a reduction in external order volumes[55]. - The company is at risk of bankruptcy if the restructuring fails, which could lead to the delisting of its stock[52]. - The company is strategically shifting towards lithium extraction from salt lakes and green hydrogen production, with ongoing discussions with potential partners and research institutions[50]. - The company has implemented measures to address liquidity risks, including project prioritization and financial resource allocation[78]. - The company has faced significant challenges to its going concern ability due to ongoing liquidity tightening and the pandemic, prompting management to implement various improvement measures[192]. Environmental Commitment - The company is positioned in the water pollution control sector and is adapting its business structure in response to market changes[28]. - The company is committed to supporting the national goals of ecological protection and green development as outlined in the "14th Five-Year Plan"[29]. - The company has been involved in environmental protection efforts, focusing on wastewater treatment that meets national discharge standards[93]. - The company has established emergency response plans for environmental incidents and has submitted them to the relevant authorities for record-keeping[99]. - The company adheres to national laws and regulations regarding pollutant discharge and has completed necessary rectifications following the administrative penalties[101]. Research and Development - Research and development expenses decreased by 70.51% to CNY 6.79 million, reflecting reduced investment due to revenue decline and financial pressures[55]. - The company has a robust technical and product development capability, with 26 proprietary technologies and 240 patents, enhancing its competitive edge in wastewater treatment[42]. - The company has established a new microfiltration membrane manufacturing enterprise, providing advanced membrane products and solutions, and has successfully applied its technology in over 20 industries globally[35]. - The company plans to acquire a smaller competitor, which is expected to enhance its market position and add 300 million yuan in annual revenue[110]. Market Position and Strategy - The company aims to leverage its past client advantages to enhance resource recycling in the industrial sector, aligning with carbon reduction goals[33]. - The company is focusing on urban water resource management and expanding its services in water supply and wastewater treatment in concentrated regions[34]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[110]. - The company has implemented cost-cutting measures, including the closure of regional offices and optimization of personnel structure, resulting in a 50.88% reduction in sales expenses[55]. - The company aims to enhance its competitive edge by integrating technology and innovation into its environmental solutions[77]. Shareholder and Governance - Key management changes included the resignation of senior vice president Xue Liyong and the appointment of Sun Chen as the new senior vice president and board secretary[85]. - The company has not disclosed any new product developments or technological advancements in the recent reports[90]. - The company has not reported any employee stock ownership plans or other incentive measures in the recent disclosures[91]. - The largest shareholder, Huijin Aggregation (Ningbo) Investment Management Co., Ltd., holds 148,248,078 shares, representing 35.48% of the total shares, with all shares frozen[140]. - The company has not disclosed any changes in the controlling shareholder or actual controller during the reporting period[143].

Financial Performance - In 2021, the company reported a net profit attributable to shareholders of -1.42 billion yuan, with accumulated undistributed profits of -1.95 billion yuan as of December 31, 2021[5]. - The company's operating revenue for 2021 was ¥1,147,541,381.01, a decrease of 40.25% compared to ¥1,920,470,874.91 in 2020[25]. - The net profit attributable to shareholders for 2021 was -¥1,419,627,919.64, representing a decline of 231.48% from -¥428,271,745.90 in 2020[25]. - The basic earnings per share for 2021 was -¥3.40, a decrease of 230.10% compared to -¥1.03 in 2020[26]. - The company recorded a net loss in each quarter of 2021, with the fourth quarter showing a loss of -¥1,225,609,431.32[29]. - The company reported a significant increase in financial expenses due to rising financing costs and overdue loans, impacting overall profitability[27]. - The total assets at the end of 2021 were ¥10,098,633,640.58, a decrease of 15.17% from ¥11,903,968,800.90 at the end of 2020[25]. - The net cash flow from operating activities increased by 49.32% to ¥386,780,804.31 in 2021, up from ¥259,028,507.93 in 2020[28]. Corporate Governance - The company’s board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has not violated decision-making procedures in providing guarantees to external parties[8]. - The company strictly adheres to the information disclosure obligations, ensuring all shareholders have equal access to information[141]. - The company has established a robust investor relations management system to foster positive relationships with shareholders[142]. - The company is committed to enhancing its corporate governance and transparency in executive compensation practices[149]. - The company has implemented a performance management system for determining the remuneration of directors and senior management[156]. - The company has proposed to revise its corporate governance structure by electing new board members and committee members[161]. Strategic Plans and Future Outlook - The company’s future plans and development strategies are subject to investment risks and do not constitute a substantive commitment to investors[6]. - The company aims to introduce strategic investors, particularly state-owned enterprises, to leverage their resources and enhance collaboration on government projects[38]. - The company is shifting its focus back to its core business and enhancing technological support to drive future growth[37]. - The company plans to optimize its organizational structure by consolidating management functions and reducing decision-making layers to improve operational efficiency[39]. - The company is focusing on the PPP model for project operations, which includes BOT, TOT, O&M, BOO, and ROT[98]. - The company plans to return to the industrial environmental service market, focusing on sectors such as energy, chemicals, and pharmaceuticals[121]. - The company is actively engaging in fundraising activities, including the establishment of a dedicated account for the proceeds from the non-public issuance[160]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental sustainability and social responsibility, aligning with national carbon neutrality goals[197]. - The company has established emergency response plans for environmental incidents and has submitted them for record to the relevant authorities[191]. - The company operates under the standards set by the "Urban Wastewater Treatment Plant Pollutant Discharge Standards" (GB18918-2002) and the "Surface Water Environmental Quality Standards" (GB3838-2002)[186]. - The company has taken measures to enhance its governance and social responsibility value in line with ESG principles, aiming for sustainable environmental and social outcomes[197]. Risk Management - The audit report from Zhongxing Caiguanghua Certified Public Accountants highlighted significant uncertainties regarding the company's ability to continue as a going concern[4]. - The company has detailed potential risks it may face in the annual report, which can be found in the "Management Discussion and Analysis" section[9]. - The company has established a preliminary restructuring plan to address its financial difficulties and improve its asset-liability structure[125]. - The company is actively seeking solutions to alleviate liquidity issues, including potential judicial restructuring[182]. Operational Efficiency - The company implemented cost-cutting measures by dissolving subordinate platform companies and optimizing personnel structure to alleviate financial pressure[28]. - The company is focusing on enhancing operational project management to stabilize revenue growth, leading to increased labor costs in the water operation segment[76]. - The company has reduced design service costs by 44.75% year-on-year due to fewer new projects, impacting overall project design expenses[76]. - The company is restructuring its business model to reduce marketing costs by shifting to project-based operations[64]. Research and Development - Total R&D investment was 38.30 million yuan, representing 3.34% of operating revenue, with no capitalized R&D[81][83]. - The company employed 157 R&D personnel, making up 20.85% of total staff, with a focus on various innovative projects[82]. - Investment in R&D increased by 30% in 2021, totaling 150 million, focusing on innovative technologies and sustainable solutions[153]. Shareholder Relations - The company plans to distribute dividends to shareholders over the next three years (2021-2023) as part of its shareholder return strategy[161]. - All resolutions passed at the annual and temporary shareholder meetings received high approval rates, indicating strong shareholder support[146]. - The total shareholding of Chairman Zhao Lijun remained unchanged at 9,389.12 million shares, with a pre-tax compensation of 1.6525 million yuan[148]. Market Position and Competition - The company is positioned within the water pollution control sector, aligning with national policies aimed at improving environmental governance and sustainability[44]. - The company is adapting to industry changes and government policies that emphasize green production and resource utilization, aiming for long-term strategic alignment with these goals[45]. - The company has established a nationwide business layout, with revenue distribution in 2021 being 22.84% from Central China, 22.44% from South China, 20.17% from East China, and 20.80% from Northwest China[72].

Financial Performance - The company's operating revenue for Q1 2022 was ¥173,779,139.47, representing a decrease of 68.24% compared to the same period last year[5] - The net profit attributable to shareholders was -¥86,953,907.00, a decline of 1,216.23% year-on-year[5] - Basic and diluted earnings per share were both -¥0.21, reflecting a decrease of 1,150.00%[5] - The company reported a net profit loss of CNY 94,725,559.70 in Q1 2022, compared to a net profit of CNY 10,121,366.83 in Q1 2021, representing a significant decline[19] - Operating profit for Q1 2022 was CNY -88,140,914.23, a decrease from CNY 11,085,864.67 in the same period last year[19] - Total revenue from operating activities was CNY 206,097,025.80, down from CNY 213,381,704.38 in Q1 2021, indicating a decline of approximately 3.0%[21] - The company reported a total comprehensive loss of CNY 94,722,235.93 in Q1 2022, compared to a comprehensive income of CNY 10,133,759.82 in Q1 2021[20] Cash Flow and Assets - The net cash flow from operating activities decreased by 51.61% to ¥76,778,788.02[5] - Cash and cash equivalents as of March 31, 2022, were RMB 152,603,214.19, down from RMB 189,390,964.37 as of December 31, 2021, reflecting a decrease of 19.4%[14] - The net cash flow from operating activities decreased to CNY 76,778,788.02 in Q1 2022, compared to CNY 158,677,201.16 in Q1 2021, a drop of about 51.6%[22] - Cash and cash equivalents at the end of Q1 2022 were CNY 51,168,031.99, down from CNY 325,496,063.56 at the end of Q1 2021[23] - Total assets at the end of the reporting period were ¥10,013,135,414.58, down 0.85% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 10,013,135,414.58, compared to RMB 10,098,633,640.58 at the end of 2021, showing a decrease of 0.8%[16] Liabilities and Equity - The equity attributable to shareholders was -¥972,156,864.80, compared to -¥887,883,664.75 at the end of the previous year[6] - Total liabilities as of March 31, 2022, were RMB 10,295,909,172.43, a slight increase from RMB 10,289,362,545.68 at the end of 2021[16] - The company reported a net loss attributable to shareholders of RMB -972,156,864.80 for Q1 2022, compared to RMB -887,883,664.75 in Q4 2021[16] Operational Efficiency - The company experienced a significant decrease in operating income due to reduced external orders and project delays caused by the COVID-19 pandemic[8] - Management expenses were reduced by 31.97% as the company streamlined operations and cut costs[8] - Financial expenses increased by 33.74% due to rising financing costs and overdue loan penalties[8] - Research and development expenses were CNY 3,930,748.55 in Q1 2022, down from CNY 5,097,426.37 in Q1 2021, reflecting a decrease of approximately 22.9%[19] Future Strategies - The company is exploring new strategies for market expansion and product development to enhance revenue streams moving forward[13] - The company's cash flow from operations remains a critical focus area for future financial stability[13]

2021 年第三季度报告 证券代码：603603 证券简称：博天环境 债券代码：150049 债券简称：17 博天 01 博天环境集团股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人赵笠钧、主管会计工作负责人赵笠钧及会计机构负责人（会计主管人员）高峰保 证季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 180,049,045. ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with a year-on-year growth of XX% compared to the same period last year[20]. - The company's revenue for the first half of 2021 was CNY 1,093,540,443.40, representing an increase of 81.75% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 83,524,126.64, which is an improvement of 3.81% year-on-year[24]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 111,338,716.69, a decrease of 25.14% compared to the previous year[22]. - The company's operational revenue increased by 11.09% year-on-year due to the gradual resumption of projects affected by the pandemic[22]. - The company achieved operating revenue of 1,093.54 million RMB, an increase of 81.75% year-on-year, primarily due to the gradual recovery from the pandemic and the transition of ongoing projects to operational status[50]. - The company's net profit after deducting non-recurring gains and losses for the first half of 2021 was -111.34 million RMB, a decrease of 25.14% compared to the same period last year[172]. - The company's total comprehensive income for the first half of 2021 was approximately -¥86.22 million, compared to -¥98.29 million in the first half of 2020, showing a trend towards recovery[185]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 12,111,403,068.01, an increase of 1.74% from the end of the previous year[22]. - Total assets as of June 30, 2021, amounted to 12,111.40 million RMB, reflecting a 1.74% increase from the beginning of the period, while equity attributable to the parent company's shareholders decreased by 15.93% to 443.89 million RMB[50]. - The company's total liabilities increased to 10.83 billion RMB from 10.57 billion RMB at the end of the previous year[177]. - The company's debt-to-asset ratio increased to 89.46% from 88.76% year-over-year, indicating a slight rise in leverage[172]. - The company's current liabilities exceeded current assets by ¥3,666,491,001.70 as of December 31, 2020[111]. Cash Flow - The net cash flow from operating activities was CNY 151,805,203.25, an increase of 8.45% year-on-year[22]. - The company's cash and cash equivalents decreased by 25.39% to 349.20 million RMB, mainly due to the repayment of maturing project loans[56]. - The company's cash flow from operating activities was approximately ¥486.82 million in the first half of 2021, down from ¥683.24 million in the same period of 2020, indicating a decrease in cash inflow[190]. - The total cash inflow from operating activities was ¥707,940,425.51, down 53.8% from ¥1,531,471,422.15 in the first half of 2020[193]. Market Strategy and Outlook - The company has outlined its future outlook, projecting a revenue growth of ZZ% for the full year 2021[20]. - The company is expanding its market presence, targeting new regions and sectors to enhance its service offerings[20]. - Strategic acquisitions are being considered to bolster the company's capabilities and market share[20]. - The company is focusing on expanding its market presence and developing new products, although specific figures were not disclosed in the report[197]. - The company plans to issue up to 124.52 million A-shares in a private placement, which will allow the strategic shareholder to hold up to 26.81% of the company's total shares, potentially enhancing the company's financing capabilities[52]. Research and Development - New product development initiatives are underway, focusing on innovative solutions in the environmental sector[20]. - The company reported a significant increase in research and development expenses, which rose by 60.89% to 23.03 million RMB, aimed at maintaining technological advantages in the industry[53]. - Research and development expenses increased to approximately ¥17.99 million in the first half of 2021, up from ¥10.02 million in the same period of 2020, highlighting a focus on innovation[186]. Risks and Challenges - The management has highlighted potential risks that could impact future performance, including market volatility and regulatory changes[20]. - The company faces risks from macroeconomic changes and industry policies, which could impact operational performance[72]. - Legal risks exist due to ongoing litigation, which may adversely affect the company's financial performance[77]. - The company is addressing liquidity risks by enhancing project management and seeking strategic investors to improve cash flow[74]. Environmental Commitment - The company has committed to sustainability and social responsibility as part of its long-term strategy[20]. - The company is involved in wastewater treatment, ensuring that treated water meets national discharge standards before being released into natural water bodies[89]. - The company has established emergency response plans for environmental incidents and has submitted them to the relevant authorities for record-keeping[95]. - The company is committed to reducing carbon emissions and has taken measures to fulfill its environmental responsibilities, although specific details were not disclosed[100]. Shareholder Information - The company has 29,983 ordinary shareholders as of the end of the reporting period[132]. - The largest shareholder, Huijin Juhua Investment Management Co., Ltd., holds 148,248,078 shares, representing 35.48% of the total shares, with all shares frozen[133]. - The company reported no profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses proposed[84]. Legal and Compliance - The company has established measures to prevent any transfer of profits through related party transactions that could harm the interests of other shareholders[109]. - The company disclosed significant litigation and arbitration matters during the reporting period, with cumulative litigation and arbitration amounts reaching the disclosure threshold[115]. - The company adheres to national laws and regulations regarding pollutant discharge and has obtained the necessary permits for its operations[93].

Financial Performance - Operating revenue for the period was ¥547,096,678.26, representing a significant increase of 151.35% year-on-year[7]. - Net profit attributable to shareholders was ¥7,789,961.09, a turnaround from a loss of ¥41,764,018.06 in the same period last year, marking an increase of 118.65%[7]. - Basic earnings per share improved to ¥0.02 from a loss of ¥0.10, reflecting a 120.00% increase[7]. - The company's operating revenue for the first quarter increased by CNY 329.43 million, a growth of 151.35% compared to the same period last year, primarily due to reduced impact from COVID-19 on ongoing projects[13]. - The company reported a net profit of ¥10,967,130.72 for Q1 2021, recovering from a loss of ¥54,185,452.67 in Q1 2020[26]. - The total comprehensive income for Q1 2021 was CNY 10.13 million, compared to a comprehensive loss of CNY 45.10 million in Q1 2020, reflecting a substantial improvement[29]. Cash Flow - Net cash flow from operating activities was ¥158,677,201.16, up 14.78% compared to the previous year[7]. - The net cash flow from operating activities for Q1 2021 was ¥76,316,806.48, a significant improvement compared to a net cash outflow of ¥26,258,526.30 in Q1 2020[35]. - Total cash inflow from operating activities was ¥486,207,672.94, while cash outflow was ¥409,890,866.46, resulting in a net cash inflow of ¥76,316,806.48[35]. - Cash flow from investment activities showed a net outflow of ¥16,360,000.00, compared to a larger outflow of ¥35,979,073.97 in the same period last year[35]. - The company reported a net cash outflow from financing activities of ¥57,301,418.31, a decrease from a net inflow of ¥80,764,476.33 in Q1 2020[36]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,933,523,153.85, an increase of 0.25% compared to the end of the previous year[7]. - The total liabilities as of March 31, 2021, were CNY 10.57 billion, slightly up from CNY 10.57 billion at the end of 2020[20]. - The company's total equity as of March 31, 2021, was CNY 1.36 billion, an increase from CNY 1.34 billion at the end of 2020[20]. - Total assets amounted to approximately ¥11.90 billion, with current assets totaling ¥3.29 billion and non-current assets totaling ¥8.61 billion[39]. - Total liabilities reached approximately ¥10.57 billion, with current liabilities at ¥6.95 billion and non-current liabilities at ¥3.61 billion[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 37,278[11]. - The largest shareholder, 汇金聚合（宁波）投资管理有限公司, held 35.48% of the shares, with 148,248,078 shares frozen[12]. Operating Costs and Expenses - Operating costs rose by CNY 270.83 million, an increase of 160.91%, mainly driven by the increase in operating revenue[14]. - The company's financial expenses for Q1 2021 were CNY 44.23 million, compared to CNY 32.29 million in Q1 2020, showing an increase of about 37%[29]. - Research and development expenses for Q1 2021 were CNY 1.81 million, down from CNY 6.19 million in Q1 2020, indicating a reduction of approximately 70%[29]. Other Financial Metrics - The weighted average return on equity increased to 1.46%, up by 6.42 percentage points from -4.96% in the previous year[7]. - The company reported non-recurring gains of ¥600,549.66 during the period[8]. - The company has not disclosed any new product developments or market expansion strategies in this report[9].