Financial Performance - Net profit attributable to shareholders rose by 66.04% to CNY 330.82 million year-on-year[8] - Operating revenue for the first nine months reached CNY 3.90 billion, a year-on-year increase of 28.82%[6] - The sanitation service business revenue grew by 78.33%, accounting for 57.38% of total revenue[7] - Basic earnings per share increased by 66.67% to CNY 0.80[6] - The company reported a net profit of ¥1,095,661,658.89 for the period, compared to ¥1,015,774,741.97 in the previous year, reflecting an increase of approximately 7.9%[30] - Net profit for Q3 2020 was approximately $159.81 million, compared to $82.86 million in Q3 2019, representing a 93% increase[33] - The company reported a total operating profit of approximately $185.98 million in Q3 2020, compared to $103.43 million in Q3 2019[33] - The total profit for Q3 2020 was approximately ¥100.41 million, compared to ¥54.87 million in Q3 2019, marking an increase of 82.93%[39] Cash Flow and Liquidity - Cash flow from operating activities turned positive with a net amount of CNY 369.10 million, compared to a negative cash flow in the previous year[6] - The company's cash flow from operating activities for Q3 2020 was CNY 369,096,181.22, significantly improved from a negative cash flow of CNY -326,584,211.33 in the previous period[14] - The cash inflow from operating activities for the first three quarters of 2020 was approximately ¥3.82 billion, compared to ¥2.94 billion in the same period of 2019[41] - The company’s cash and cash equivalents increased by ¥272,509,680.57 in Q3 2020, contrasting with a decrease of -¥315,833,431.37 in Q3 2019[42] - Cash and cash equivalents at the end of Q3 2020 totaled ¥713,666,078.75, compared to ¥261,446,595.12 at the end of Q3 2019, indicating a substantial increase[42] Assets and Liabilities - Total assets increased by 16.96% to CNY 5.31 billion compared to the end of the previous year[6] - Total liabilities reached ¥2,344,428,012.68, up from ¥1,892,012,581.83, indicating a growth of around 24%[26] - Owner's equity increased to ¥2,965,268,287.54 from ¥2,647,730,066.38, showing a rise of about 12%[26] - Current liabilities rose to ¥2,163,312,881.66, compared to ¥1,856,903,939.35, marking an increase of approximately 16.4%[25] - The company’s inventory increased to ¥617,201,406.85 from ¥472,225,234.59, representing a growth of approximately 30.7%[28] Revenue Growth and Market Position - The total number of sanitation service projects won by the company in the first three quarters of 2020 was 30, with an annualized contract amount of CNY 6.32 billion, and a total contract amount of CNY 23.51 billion[16] - The company's market share in sanitation equipment reached 5.16% in the first three quarters of 2020, with a market share of 10.98% for innovative and mid-to-high-end operational models, ranking third in the industry[20] - The sales of new energy sanitation vehicles increased by 240.58% year-on-year, with 235 units sold in the first three quarters of 2020, representing a market share of 8.70%[20] Expenses and Investments - The company’s management expenses rose by 55.47% to CNY 228,885,195.00, mainly due to the accrual of performance incentive funds[14] - Research and development expenses for Q3 2020 amounted to $22.43 million, a 67% increase from $13.43 million in Q3 2019[32] - The company reported investment income of approximately ¥42.18 million in Q3 2020, a substantial increase from ¥4.05 million in Q3 2019[37] - The company invested ¥1,247,000,000.00 in other investment activities during the first nine months of 2020, compared to ¥610,000,000.00 in the same period of 2019, reflecting a significant increase of 104.6%[44] Government Influence and Policy - The company is focusing on improving accounts receivable management and accelerating cash collection, influenced by favorable government policies during the pandemic[8] - The company is implementing new revenue and leasing standards starting in 2020, with no retrospective adjustments required[53]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,414,977,174.35, representing a year-on-year increase of 26.41% compared to CNY 1,910,472,312.90 in the same period last year[20] - The net profit attributable to shareholders of the listed company reached CNY 195,267,859.40, a 58.59% increase from CNY 123,126,401.43 in the previous year[20] - The basic earnings per share increased by 56.67% to CNY 0.47, up from CNY 0.30 in the same period last year[21] - The weighted average return on net assets rose to 7.52%, an increase of 2.33 percentage points compared to 5.19% in the previous year[21] - The total operating revenue for the first half of 2020 was RMB 2,414,977,174.35, an increase of 26.4% compared to RMB 1,910,472,312.90 in the first half of 2019[107] - The total operating costs for the first half of 2020 were RMB 2,116,408,620.02, up 22.2% from RMB 1,731,968,481.53 in the same period last year[107] - The operating profit for the first half of 2020 was RMB 289,638,997.32, representing an increase of 79.5% compared to RMB 161,487,153.77 in the first half of 2019[107] - The company reported a total comprehensive income of CNY 247,079,837.43 for the first half of 2020, compared to CNY 133,429,816.74 in the same period of 2019, an increase of 85.00%[108] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 32,468,325.28, compared to a net outflow of CNY 232,141,953.62 in the same period last year[20] - The company's cash and cash equivalents increased to ¥629,633,506.53, representing 12.24% of total assets, up 47.16% from the previous year[51] - The company's cash and cash equivalents amounted to RMB 328,522,213.83 as of June 30, 2020, compared to RMB 191,971,458.12 at the end of 2019, reflecting a growth of 71.0%[104] - The net increase in cash and cash equivalents for the first half of 2020 was CNY 70,952,456.19, contrasting with a decrease of CNY -215,204,875.32 in the same period of 2019[115] Assets and Liabilities - The total assets of the company increased by 13.27% to CNY 5,142,083,505.07, compared to CNY 4,539,742,648.21 at the end of the previous year[20] - The total liabilities amounted to approximately $2.31 billion, compared to $1.89 billion at the end of 2019, which is an increase of about 22.3%[101] - The company's equity attributable to shareholders increased to approximately $2.61 billion from $2.50 billion, reflecting a growth of about 4.9%[101] - The company's total assets at the end of the reporting period were approximately 2,352.75 million RMB, reflecting a stable asset base[138] Revenue Sources - The company attributed the revenue growth to increased income from sanitation industry operations and favorable government policies during the pandemic[22] - The sanitation service revenue reached 1.456 billion RMB, a year-on-year increase of 89.25%, representing 60.83% of total revenue, with a gross margin of 24.95%[41] - The company's main business revenue was CNY 2.394 billion, reflecting a year-on-year growth of 26.47%[38] - The gross profit margin was 26.84%, an increase of 1.44 percentage points year-on-year[38] Market and Product Development - The company focused on three key R&D directions: performance enhancement, waste classification, and intelligent upgrades, with 60 models of new energy sanitation equipment accounting for 21.98% of all announced models[44] - The company plans to continue its market expansion strategy, focusing on new product development and technological advancements[126] - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[126] Shareholder and Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6] - The annual shareholders' meeting held on May 6, 2020, had 7 attendees representing 86,173,311 shares, accounting for 20.73% of total shares[60] - The company has commitments from major shareholders regarding stock transfer limitations, ensuring that no more than 25% of their holdings will be transferred annually during their tenure[63] Environmental Compliance - The company has established waste gas treatment facilities and a sewage treatment station to ensure compliance with environmental discharge standards[82] - The company has implemented a self-monitoring plan for environmental protection, ensuring no pollution incidents occur[81] - All wastewater and exhaust gas emissions during the reporting period met the required standards, and hazardous waste was disposed of legally[83] Accounting and Financial Reporting - The financial statements comply with the enterprise accounting standards, reflecting the company's financial status, operating results, and cash flows accurately[150] - The company has established specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition based on its operational characteristics[149] - The company recognizes expected liabilities for obligations arising from guarantees, litigation, product quality assurance, and loss contracts when the amount can be reliably measured[196]

Financial Performance - Operating revenue for the reporting period was ¥1,060,675,012.18, representing a year-on-year growth of 22.68%[6] - Net profit attributable to shareholders increased by 49.45% year-on-year, amounting to ¥78,314,383.46[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses grew by 61.39% year-on-year, totaling ¥71,856,205.23[7] - The gross profit margin for the sanitation equipment business was 31.31%, an increase of 2.85 percentage points year-on-year[6] - Revenue from sanitation services surged by 104.15% year-on-year, accounting for 67.43% of total operating revenue[6] - The weighted average return on equity rose to 3.08%, an increase of 0.84 percentage points compared to the previous year[6] - The company reported a significant increase in other income, which rose to RMB 114.52 million, up 869.93% from RMB 11.81 million in the previous year, mainly due to increased insurance claims[12] - The net profit for Q1 2020 was approximately RMB 104.44 million, an increase of 79.13% compared to RMB 58.30 million in the same period last year, primarily due to increased revenue from sanitation services and favorable government policies during the pandemic[12] - Total operating revenue for Q1 2020 reached ¥1,060,675,012.18, an increase of 22.7% compared to ¥864,582,875.42 in Q1 2019[27] - Operating profit for Q1 2020 was ¥126,252,403.64, compared to ¥68,335,617.38 in Q1 2019, representing an increase of 84.8%[27] Assets and Liabilities - The company's total assets at the end of the reporting period reached ¥4,786,224,317.38, an increase of 5.43% compared to the end of the previous year[6] - The total amount of funds raised through non-public stock issuance was RMB 413.07 million, with RMB 186.42 million allocated to the sanitation equipment comprehensive configuration service project[13] - The company's total liabilities increased to RMB 1.93 billion from RMB 1.86 billion in the previous year, with short-term borrowings rising to RMB 340.12 million from RMB 190 million[20] - The company's total assets as of March 31, 2020, amounted to ¥3,843,694,746.63, slightly down from ¥3,875,535,122.22 at the end of 2019[24] - Total liabilities as of March 31, 2020, were ¥1,315,631,138.28, a decrease from ¥1,374,711,333.06 at the end of 2019[24] - The company's equity attributable to shareholders was ¥2,528,063,608.35 as of March 31, 2020, compared to ¥2,500,823,789.16 at the end of 2019, showing a growth of 1.1%[24] Cash Flow - The company reported a significant increase in cash flow from financing activities, totaling RMB 218.27 million, compared to RMB 13.05 million in the previous year, mainly due to increased borrowings[12] - Cash inflows from operating activities totaled CNY 879,132,801.44, an increase from CNY 833,909,745.54 in Q1 2019, representing a growth of 5.4%[32] - The company received CNY 55,135,213.39 in cash related to operating activities, significantly up from CNY 15,039,138.07 in Q1 2019, indicating a growth of 266.5%[32] - The net cash flow from financing activities was 218,268,669.71 RMB, compared to 13,047,536.86 RMB in the previous year, reflecting a 1,572.5% increase[34] - The ending cash and cash equivalents balance was 352,833,950.99 RMB, up from 265,768,145.67 RMB in Q1 2019, marking a 32.7% increase[34] Research and Development - Research and development expenses decreased by 58.19% to ¥5,854,891.65, attributed to revenue realization from developed products[11] - Research and development expenses for Q1 2020 were ¥5,854,891.65, down from ¥14,004,228.10 in Q1 2019, a decrease of 58.1%[27] - Research and development expenses decreased significantly to CNY 5,783,082.35 from CNY 14,004,228.10 in the previous year, a reduction of 58.8%[29] Inventory and Receivables - Inventory increased to ¥572,754,566.34 in Q1 2020 from ¥472,225,234.59 in Q1 2019, indicating a rise of 21.3%[23] - The company reported a decrease in accounts receivable to ¥1,313,002,207.33 from ¥1,417,384,038.53 year-over-year, a decline of 7.3%[23] Donations and Social Responsibility - The company donated nearly RMB 5 million in equipment and materials for COVID-19 prevention, including 18 sanitation-specific devices valued at RMB 4.56 million[14]

Financial Performance - The company's operating revenue for 2019 was CNY 4,227,925,740.42, representing a 22.78% increase compared to CNY 3,443,580,174.07 in 2018[19] - The net profit attributable to shareholders of the listed company was CNY 270,370,386.99, an increase of 14.40% from CNY 236,331,754.26 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 246,385,727.12, reflecting a 9.56% increase from CNY 224,879,696.96 in 2018[19] - The net cash flow from operating activities was CNY 323,180,866.80, a significant recovery from a negative cash flow of CNY -355,532,622.59 in 2018[19] - The total assets at the end of 2019 were CNY 4,539,742,648.21, which is a 9.85% increase from CNY 4,132,501,133.80 at the end of 2018[19] - The net assets attributable to shareholders of the listed company increased to CNY 2,499,958,318.48, an 8.17% rise from CNY 2,311,039,799.62 in 2018[19] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling a maximum of CNY 83,131,147.40[2] - The company has a cash dividend policy that prioritizes cash distributions, with a minimum of 20% of distributable profits allocated to cash dividends annually for the next three years[162] - For 2019, the company plans to distribute a cash dividend of 2.00 RMB per share, amounting to approximately 83.13 million RMB, with a payout ratio of 30.75% of net profit[166] - The company reviews its profit distribution plan at least every three years, ensuring alignment with shareholder interests and regulatory requirements[163] Business Strategy and Market Expansion - The company is focusing on expanding its business into solid waste disposal, leveraging its competitive advantage in sanitation equipment[29] - The company aims to enhance its service brand influence and customer experience through a comprehensive marketing system[31] - The company is actively pursuing international markets, with increased orders from traditional markets and expansion into emerging markets like Russia and Thailand[77] - The company is focused on expanding its sanitation equipment and services, which are categorized under specialized equipment manufacturing[107] - The company plans to enhance its "sanitation equipment + sanitation service" strategy, focusing on expanding production capacity and technological development[137] Research and Development - The company has established three new provincial-level R&D platforms in 2019, including a provincial-level IoT technology innovation center, a provincial-level industrial design center, and a provincial-level technology achievement industrialization base[54] - The total R&D investment for the year was approximately ¥132.24 million, representing 3.13% of total revenue, with no capitalized R&D expenditures[99] - The company completed 46 research projects and obtained 210 new products, enhancing its intellectual property portfolio with 272 authorized patents[100] Market Trends and Industry Insights - The sanitation service market is experiencing continuous growth, driven by urbanization and increased government investment in environmental sanitation[48] - The sanitation equipment industry is entering a stable growth period, with increasing government investment in municipal infrastructure[40] - The urbanization rate in China increased from 49.95% in 2010 to 59.58% in 2018, with projections to reach around 60% by 2020[121] - The total amount of municipal solid waste collected in urban areas rose from 21.321 million tons in 2001 to 29.46128 million tons in 2018, marking a growth of 38.18%[121] Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[3] - The company will strengthen its internal management and financial control systems to enhance risk management capabilities[141] - The company has established measures to ensure that any potential conflicts of interest with controlling shareholders are managed appropriately[173] Corporate Governance - The company emphasizes the importance of independent directors in the profit distribution decision-making process, ensuring transparency and adherence to regulations[164] - The company has committed to a fair trading principle in all related party transactions to protect shareholder rights[172] - The company will ensure timely and accurate information disclosure regarding any share reduction activities by its major shareholders[170] Operational Efficiency - The company launched a digital transformation project, including CRM and ERP system upgrades, aimed at improving operational efficiency[79] - The company reported a net cash flow from operating activities of 323 million RMB, a significant recovery from a negative cash flow in the previous year[83] - The company's gross profit margin and net profit margin improved significantly in 2019, driven by effective project management and operational efficiency[74] Customer and Market Engagement - The company has established over 50 project subsidiaries in 17 provinces and cities, indicating significant expansion in the sanitation service sector[147] - The company focuses on customer value creation to enhance market share and profitability, emphasizing marketing reforms and expanding into key cities and regions[143] Shareholder Commitments - The company committed that shareholders, including directors and senior management, will not transfer more than 25% of their total shares during the lock-up period after it expires[168] - The company’s major shareholders have committed to long-term holding of shares and will comply with regulations regarding share reduction after the lock-up period[170]

Financial Performance - Operating revenue for the first nine months was CNY 3,023,782,573.90, representing a year-on-year growth of 21.74%[9] - The net profit attributable to shareholders for the first nine months was CNY 199,246,398.45, showing a slight increase of 0.11% compared to the same period last year[8] - The gross profit margin for the main business was 25.35%, an increase of 0.62 percentage points year-on-year[9] - Revenue from sanitation equipment reached CNY 1,753,000,000, a year-on-year increase of 0.92%, accounting for 58.50% of total operating revenue[9] - Revenue from sanitation services grew significantly by 72.47% year-on-year, totaling CNY 1,244,000,000, representing 41.50% of total operating revenue[9] - Total operating revenue for Q3 2019 reached ¥1,113,310,261, a 27.2% increase from ¥875,651,329 in Q3 2018[29] - Net profit for Q3 2019 was ¥82,861,032, representing a 20.1% increase compared to ¥68,950,297 in Q3 2018[30] - The total profit for Q3 2019 was ¥103,081,350, an increase from ¥82,686,436 in Q3 2018[30] - The net profit attributable to the parent company for the first three quarters of 2019 was ¥199,246,398, slightly up from ¥199,034,505 in the same period of 2018[32] Cash Flow - The company's cash flow from operating activities improved to -CNY 326,584,211.33, compared to -CNY 620,859,685.05 in the previous year[8] - The company reported a net cash flow from operating activities of CNY -326,584,211.33, indicating a decrease compared to the previous period[18] - The cash flow from operating activities for the first three quarters of 2019 was negative at approximately -¥326.58 million, an improvement from -¥620.86 million in the same period of 2018[38] - The total cash inflow from operating activities for the first three quarters of 2019 was approximately ¥2.94 billion, compared to ¥2.00 billion in the same period of 2018, indicating an increase of about 47.0%[38] - The company’s total cash inflow from financing activities in Q3 2019 was 19,000,000.00 RMB, with a net cash outflow of -107,173,968.89 RMB, compared to -82,855,515.58 RMB in Q3 2018[41] Assets and Liabilities - The company's total assets at the end of the reporting period reached CNY 4,275,848,418.76, an increase of 3.47% compared to the end of the previous year[8] - The company’s total current assets amounted to CNY 3,154,058,584.31 as of September 30, 2019, down from CNY 3,430,922,332.07 at the end of 2018[20] - The company’s long-term borrowings increased to CNY 18,837,402.78, primarily due to additional borrowings by Shenyang Longma[20] - The company reported a total liability of CNY 1,713,403,908.33, up from CNY 1,697,328,610.14, indicating a growth of approximately 0.9%[22] - Current liabilities totaled CNY 1,675,596,233.44, slightly up from CNY 1,655,350,264.66, indicating a 1.3% increase[22] - Non-current liabilities decreased to CNY 37,807,674.89 from CNY 41,978,345.48, a reduction of about 10%[22] - Owner's equity rose to CNY 2,562,444,510.43, compared to CNY 2,435,172,523.66, reflecting an increase of approximately 5.2%[22] Expenses - The company’s sales expenses rose by 37.54% to CNY 257,464,952.03, attributed to increased salaries and marketing costs[20] - The company’s management expenses increased by 50.24% to CNY 147,220,075.46, mainly due to the expansion of sanitation service projects[20] - Research and development expenses for Q3 2019 totaled ¥13,434,712, a decrease of 32.0% from ¥19,761,338 in Q3 2018[29] - The company's total operating costs for the first three quarters of 2019 were ¥2,724,575,212, an increase of 24.9% from ¥2,179,764,008 in the same period of 2018[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,218[12] - The total equity attributable to shareholders increased to CNY 2,429,100,522.89 from CNY 2,311,039,799.62, reflecting an increase of about 5.1%[22]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,910,472,312.90, representing an 18.80% increase compared to CNY 1,608,106,840.93 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 9.11% to CNY 123,126,401.43 from CNY 135,468,579.50 in the previous year[22]. - Basic earnings per share for the first half of 2019 were CNY 0.41, down 10.87% from CNY 0.46 in the same period last year[23]. - The weighted average return on net assets decreased by 0.97 percentage points to 5.19% from 6.16% in the previous year[23]. - The company's main business revenue reached 1.89 billion RMB, with a gross margin of 25.40%, up 0.38 percentage points year-on-year[48]. - The sanitation equipment revenue was 1.12 billion RMB, a year-on-year decrease of 2.46%, accounting for 59.35% of the main business revenue[40]. - The sanitation service business revenue grew by 74.80% to 769 million RMB, representing 40.65% of the main business revenue[42]. - The company reported a total comprehensive income of CNY 124,951,799.12 for the first half of 2019, down from CNY 155,923,834.82 in the same period of 2018[141]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -232,141,953.62, an improvement from CNY -510,598,118.19 in the same period last year[22]. - Cash and cash equivalents decreased by 56.19% to ¥427,855,880.44, accounting for 10.40% of total assets[51]. - The total assets at the end of the reporting period were CNY 4,113,744,856.63, a slight decrease of 0.45% from CNY 4,132,501,134 at the end of the previous year[22]. - The company’s inventory of non-current assets increased by 359.48% to ¥39,300,511.14, accounting for 0.96% of total assets[51]. - The company’s long-term equity investments totaled ¥480,443,400.00, an increase of 11.79% compared to the beginning of the period[54]. - As of June 30, 2019, the company's accounts receivable amounted to RMB 2,003,469,811.73, with a provision for bad debts of RMB 165,415,803.36, resulting in a net value of RMB 1,838,054,008.37[116]. Shareholder Information - The company plans to increase its total share capital by 118,758,782 shares through a capital reserve transfer, resulting in a new total of 415,655,737 shares[6]. - No cash dividends or bonus shares will be distributed to shareholders as part of the profit distribution plan[63]. - The profit distribution plan was approved by the company's board of directors and is pending approval from the shareholders' meeting[63]. - The company will repurchase and cancel 2,108,000 shares of restricted stock at an adjusted repurchase price of CNY 11.705 per share, totaling CNY 28,173,163.74[73]. - As of the end of the reporting period, the total number of ordinary shareholders was 45,064[98]. - The largest shareholder, Zhang Guifeng, holds 60,025,000 shares, representing 20.22% of the total shares[101]. Market and Operational Strategy - The company focuses on the development of sanitation equipment and services, aiming to enhance its competitive advantage through innovation and market expansion[29][36]. - The implementation of mandatory waste classification policies is expected to boost sales of sanitation equipment and create new service demands in the waste management sector[38]. - The company plans to accelerate the development of new energy sanitation equipment and enhance project management to improve economic efficiency in the second half of 2019[47]. - The company has established a diverse sales model and is enhancing its marketing strategies to improve customer experience and service quality[30]. - The company plans to expand its market presence and invest in new product development to drive future growth[160]. Environmental Compliance - The company has established two wastewater discharge outlets, ensuring compliance with the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) and other relevant regulations[81]. - The company operates 29 air emission outlets, adhering to the "Comprehensive Emission Standards for Air Pollutants" (GB16297-1996) and other applicable standards[82]. - The company has implemented pollution prevention facilities, including wastewater treatment stations and dust removal systems, which are regularly maintained to meet environmental discharge requirements[83]. - The company has developed an emergency response plan for environmental incidents, enhancing its ability to manage sudden pollution events[86]. Financial Reporting and Governance - The audit report confirmed that the financial statements fairly reflect the company's financial position as of June 30, 2019, in accordance with accounting standards[111]. - The company has established specific revenue recognition methods for domestic and international sales, as well as for sanitation services, to ensure compliance with accounting standards[113]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[177]. - The company’s financial statements are prepared on a continuous operation basis, indicating a stable operational outlook[176]. - The company has established a performance evaluation system linked to the compensation of directors and senior management[72].

证券代码：603686 证券简称：龙马环卫 公告编号：2019-066 福建龙马环卫装备股份有限公司 关于参加 2019 年福建辖区上市公司投资者 集体接待日活动的公告 | --- | --- | |----------------------------------------------------------------|-------| | | | | 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个 | | | 别及连带责任。 | | 重要内容提示： 会议类型：2019 年福建辖区上市公司投资者集体接待日 召开时间：2019 年 7 月 18 日（星期四）14:00-17:00 召开方式：网络在线交流 参与方式：登陆深圳市全景网络有限公司提供的网上平台 （"全景·路演天下"网站：http://rs.p5w.net/），或关注微信 公众号：全景财经（微信号：p5w2012） 一、会议主题 为便于广大投资者更深入全面地了解公司情况、发展战略、经 营状况、融资计划、股权激励、可持续发展等投资者所关心的问题， 福建龙马环卫 ...

Financial Performance - The company's main business revenue for Q1 2019 was 857 million RMB, representing a year-on-year increase of 12.57%[5] - The net profit attributable to shareholders decreased by 32.14% year-on-year, amounting to 52.4 million RMB[7] - The gross profit margin for the main business was 24.82%, a decrease of 1.65 percentage points compared to the previous year[5] - The revenue from sanitation equipment was 509 million RMB, a year-on-year decrease of 7.30%, accounting for 59.39% of the main business revenue[5] - The company reported a basic earnings per share of 0.18 RMB, down 30.77% from 0.26 RMB in the previous year[5] - Total operating revenue for Q1 2019 was ¥864,582,875.42, an increase of 12.6% compared to ¥768,053,368.64 in Q1 2018[26] - Net profit for Q1 2019 was ¥58,301,258.06, a decrease of 29.2% from ¥82,282,469.24 in Q1 2018[27] - Total profit for Q1 2019 was ¥68,003,273.00, down 29.7% from ¥96,605,682.87 in Q1 2018[27] - Operating profit for Q1 2019 was ¥68,335,617.38, a decrease of 29.4% compared to ¥96,816,551.45 in Q1 2018[27] - Basic and diluted earnings per share for Q1 2019 were both ¥0.18, down from ¥0.26 in Q1 2018[28] Cash Flow - The net cash flow from operating activities was -291 million RMB, showing an improvement from -356 million RMB in the same period last year[5] - Net cash flow from operating activities was -291,170,434.01 RMB, compared to -356,157,240.96 RMB in the previous year, indicating an improvement[34] - Total cash inflow from operating activities amounted to 833,909,745.54 RMB, while cash outflow was 1,125,080,179.55 RMB, resulting in a net cash flow deficit[34] - Cash flow from investment activities showed a net outflow of -33,388,983.67 RMB, a significant decrease from a net inflow of 114,705,011.60 RMB in the previous year[35] - Cash flow from financing activities generated a net inflow of 13,047,536.86 RMB, contrasting with a net outflow of -4,786,799.52 RMB in the same period last year[35] - The ending balance of cash and cash equivalents was 265,768,145.67 RMB, down from 577,280,026.49 RMB at the beginning of the period[35] - The company reported a net cash flow from operating activities of -225,501,089.14 RMB, an improvement from -402,859,577.57 RMB in the previous year[37] - The total cash and cash equivalents decreased by 230,322,908.46 RMB during the quarter, compared to a decrease of 206,294,401.50 RMB in the same period last year[38] Assets and Liabilities - The total assets at the end of the reporting period were approximately 4.1 billion RMB, a decrease of 0.70% from the end of the previous year[5] - Total assets decreased from CNY 4,132,501,133.80 in December 2018 to CNY 4,103,503,205.43 in March 2019, a decline of approximately 0.7%[21] - Total current assets amounted to ¥3,399,701,549.53 as of March 31, 2019, compared to ¥3,430,922,332.07 at the end of 2018[19] - Current liabilities decreased from CNY 1,655,350,264.66 in December 2018 to CNY 1,567,080,988.02 in March 2019, a reduction of about 5.3%[21] - Total liabilities decreased from CNY 1,697,328,610.14 in December 2018 to CNY 1,609,566,632.78 in March 2019, a decrease of approximately 5.2%[21] - The company reported a decrease in total liabilities, with short-term borrowings recorded at ¥19,000,000.00, indicating new short-term debt[12] - The company’s cash and cash equivalents decreased from CNY 640,107,052.49 in December 2018 to CNY 453,742,938.59 in March 2019, a decline of approximately 29.1%[22] - The company’s retained earnings increased from CNY 863,862,932.32 in December 2018 to CNY 916,263,181.24 in March 2019, an increase of about 6.1%[21] - The company holds a total of CNY 1,028,350,266.57 in capital reserves, with retained earnings of CNY 863,862,932.32[41] Research and Development - The company experienced a significant increase in R&D expenses, contributing to the decline in net profit[7] - Research and development expenses surged by 156.81% to ¥14,004,228.10, reflecting increased R&D investment[12] - Research and development expenses increased significantly to ¥14,004,228.10 in Q1 2019, compared to ¥5,453,230.34 in Q1 2018, reflecting a growth of 156.5%[26] Shareholder Information - The company had a total of 18,907 shareholders at the end of the reporting period[10] - The company plans to repurchase and cancel 2.108 million shares of unvested restricted stock at a price of ¥11.705 per share due to performance conditions not being met[15]

Financial Performance - The company’s operating revenue for 2018 was approximately ¥3.44 billion, representing an increase of 11.63% compared to ¥3.08 billion in 2017[21]. - The net profit attributable to shareholders decreased by 9.12% to approximately ¥236.33 million from ¥260.05 million in the previous year[23]. - The basic earnings per share fell by 17.53% to ¥0.80, while the diluted earnings per share decreased by 15.79% to ¥0.80[22]. - The weighted average return on equity dropped by 9.31 percentage points to 10.60% from 19.91% in 2017[22]. - The company's total assets increased by 7.04% to approximately ¥4.13 billion from ¥3.86 billion in 2017[21]. - The net assets attributable to shareholders rose by 8.00% to approximately ¥2.31 billion compared to ¥2.14 billion at the end of 2017[21]. - The sanitation service sector's revenue reached CNY 1.043 billion, a significant year-on-year increase of 70.49%, accounting for 30.63% of the company's total revenue[71]. - The revenue from environmental sanitation equipment manufacturing decreased by 2.80% to CNY 2,363,557,986.99[89]. - The company's main business gross profit margins for 2016, 2017, and 2018 were 31.00%, 27.00%, and 24.64% respectively, indicating a declining trend[142]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.65 RMB per 10 shares, totaling approximately 79,236,313.08 RMB (including tax) to shareholders[2]. - The company does not plan to issue bonus shares or convert reserves into share capital for the current year[2]. - In 2018, the company distributed a cash dividend of 2.65 RMB per share, totaling 79,236,313.08 RMB, which represents 33.53% of the net profit attributable to ordinary shareholders[150]. - In 2017, the cash dividend was also 2.65 RMB per share, with a total distribution of 79,236,313.08 RMB, accounting for 30.47% of the net profit attributable to ordinary shareholders[150]. - In 2016, the cash dividend was 2.35 RMB per share, totaling 64,002,250 RMB, which was 30.29% of the net profit attributable to ordinary shareholders[150]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually over the next three years, with a minimum of 80% for mature stages without major capital expenditures[147]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has engaged Tianjian Accounting Firm for its auditing services during the reporting period[19]. - The company emphasizes the importance of accurate and complete disclosure in its public announcements to avoid misleading statements[158]. - The company has no major litigation or arbitration matters during the reporting period[163]. - The company has no significant issues regarding the integrity of its controlling shareholders or actual controllers during the reporting period[163]. - The company has no major accounting errors or changes in accounting policies during the reporting period[163]. - The company has no risks of suspension or termination of listing during the reporting period[163]. Market and Industry Trends - The sanitation service market is experiencing a trend towards marketization, with increasing reliance on social forces for public service projects[37]. - The sanitation equipment industry is entering a new development phase, driven by increased government investment in municipal infrastructure[37]. - The company is positioned to benefit from the urgent need for rural environmental governance and the construction of beautiful and livable villages, indicating significant future demand for sanitation equipment[41]. - The sanitation equipment industry is still in its growth phase, with substantial development potential as urban and rural areas continue to improve their sanitation infrastructure[41]. - The sanitation service market is expected to enter a period of rapid growth, driven by government outsourcing and fiscal pressures, with a shift from small to large-scale enterprises[44]. - The urbanization rate in China increased from 49.95% in 2010 to 59.58% in 2018, with an expected rate of around 60% by 2020, leading to a significant rise in solid waste generation[121]. - The total amount of urban and county living waste collection increased from 21,321 million tons in 2001 to 28,267.86 million tons in 2017, indicating a growing demand for sanitation equipment[121]. Research and Development - The company completed 1,074 research and development projects in 2018, with 54 new product announcements, including 16 new energy products[74]. - The company has established a training academy to cultivate professional technical talents in the sanitation industry[63]. - The company has a robust innovation mechanism, integrating a culture of innovation into daily operations to adapt to market changes[54]. - The company has established partnerships with national research institutions to enhance its core competitiveness in sanitation operations[49]. - The company has developed a comprehensive product series in sanitation equipment, including 43 series across three main categories: sanitation cleaning equipment, garbage collection equipment, and new energy sanitation equipment[34]. - The company holds 234 authorized patents, including 23 invention patents, 203 utility model patents, and 8 design patents, showcasing its strong R&D capabilities[102]. Strategic Initiatives - The company plans to enhance its product offerings and expand market reach through new technology development and strategic partnerships[92]. - The company aims to strengthen its core technology and expand its market presence, targeting growth in both sanitation equipment manufacturing and sanitation service industries[127]. - The company is actively developing smart sanitation systems and exploring integrated waste collection and disposal projects, enhancing its competitive edge in the market[128]. - The company plans to enhance its competitive edge in the sanitation service industry by leveraging its equipment advantages and transitioning from manual to mechanized operations[119]. - The company is focused on expanding its sanitation service business through strategic acquisitions and partnerships[139]. Risk Management - The company has detailed potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding investment risks[4]. - The company recognizes the risk of market competition and the need to enhance its technological and operational capabilities to maintain its market position[136]. - The company is aware of potential risks from raw material price fluctuations and the need for effective management to mitigate these risks[138]. - The company is exposed to risks in new product and technology development, which could lead to a loss of technological advantage if market needs are not met[140]. - Changes in national or local tax policies could impact the company's ability to enjoy a reduced corporate income tax rate of 15% as a high-tech enterprise[142]. - The company is subject to regulatory risks related to the sanitation equipment manufacturing industry, which has high qualification entry barriers[144]. Corporate Governance - The actual controller of the company has committed not to transfer or manage shares for 36 months post-IPO[152]. - The company will hold a board meeting within five days if the stock price falls below the audited net asset value for 20 consecutive trading days[153]. - The company has a commitment to repurchase shares if the IPO prospectus is found to have false statements or omissions by regulatory authorities[153]. - The company’s shareholders, including directors and senior management, have committed to limit their share transfers to 25% of their holdings annually after the lock-up period[152]. - The company will ensure compliance with relevant laws and regulations in all related party transactions[156]. - The company’s major shareholders will bear all costs related to any unpaid social insurance or housing fund obligations prior to the company’s listing[156]. Environmental and Social Responsibility - The company has established an ISO14001 environmental management system and has been actively involved in environmental protection initiatives[191]. - The company has implemented a comprehensive safety management system, achieving national secondary enterprise safety standardization[193]. - The company has not faced any penalties related to environmental issues during the reporting period, demonstrating compliance with environmental regulations[192]. - The company actively participates in social responsibility initiatives, including support for local sanitation efforts and educational programs[194]. - The company has a robust employee welfare system, ensuring compliance with labor laws and providing necessary social security benefits[189]. - The company has established waste gas treatment facilities, wastewater treatment stations, and dust removal systems to meet environmental discharge requirements[197].

Financial Performance - Net profit attributable to shareholders rose by 3.94% to CNY 199,034,505.34 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 9.51% to CNY 2,483,758,170.50 compared to the same period last year[6] - Total revenue for the third quarter reached ¥875,651,329.57, an increase of 8.95% compared to ¥803,696,923.46 in the same period last year[26] - Year-to-date revenue for the first nine months was ¥2,483,758,170.50, up 9.48% from ¥2,267,994,638.94 in the previous year[26] - The total profit for the first nine months of 2018 reached approximately ¥259.20 million, an increase of 15.79% from ¥223.81 million in the same period of 2017[31] - The company reported a net profit of ¥5,998,779.97 for the third quarter, significantly higher than ¥2,128,712.95 in the previous year[27] Assets and Liabilities - Total assets increased by 3.03% to CNY 3,977,658,628.28 compared to the end of the previous year[6] - The total assets of the company increased from RMB 3.861 billion to RMB 3.978 billion[19] - The total liabilities decreased from RMB 1.603 billion to RMB 1.544 billion[20] - The company's total liabilities decreased to ¥1,398,428,946.21 from ¥1,507,534,891.23, indicating a reduction of 7.25%[24] - The company's cash and cash equivalents decreased by 49.18% to CNY 805,225,069.98 compared to the beginning of the year[10] - The company's cash and cash equivalents decreased from RMB 1.584 billion at the beginning of the year to RMB 805.23 million at the end of the reporting period[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -620,859,685.05, compared to CNY -307,812,467.52 in the previous year[6] - Net cash flow from operating activities was -¥620,859,685.05, worsening from -¥307,812,467.52 year-over-year[36] - Cash inflow from sales of goods and services reached ¥1,929,426,316.23, an increase of 12.14% compared to ¥1,720,323,366.57 in the same period last year[35] - Investment activities generated a net cash flow of ¥552,027,694.76, a significant improvement from -¥14,506,637.83 in the previous year[36] - Cash inflow from investment activities was ¥1,283,765,043.66, compared to ¥425,467,446.36 in the previous year, marking a 201.73% increase[36] Shareholder Information - The number of shareholders reached 19,474 by the end of the reporting period[8] - The company's retained earnings increased from RMB 729.81 million to RMB 849.61 million[20] - Shareholders' equity increased to ¥2,326,878,775.81, up from ¥2,159,698,837.72, marking a growth of 7.73%[24] Research and Development - Research and development expenses for the third quarter were ¥19,761,337.67, compared to ¥16,403,428.76 in the same period last year, reflecting a growth of 22.8%[27] - Research and development expenses for Q3 2018 were approximately ¥19.76 million, an increase of 20.66% compared to ¥16.40 million in Q3 2017[31] Contracts and Projects - The annualized contract amount for the sanitation service projects won during the reporting period is RMB 83.95 million, with a total contract amount of RMB 1.134 billion[13] - As of the report date, the company has a total annualized contract amount of RMB 1.48 billion for sanitation service projects, with a total contract amount of RMB 14.083 billion[13] - The company received approval for the construction of the Liuzhi District waste incineration power generation project, which includes requirements for environmental impact assessments and planning permits[16] Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[35]