证券代码：603686 证券简称：福龙马 公告编号：2023-043 福龙马集团股份有限公司 关于召开 2023 年半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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 8 月 25 日（星期五）下午 16:00-17:00 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/） 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年度的经营成果及财务指标的具体情况与投资者进行互动 交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题 进行回答。 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 8 月 21 日（星期一）至 8 月 24 日（星 期四）15:00 前登录上证路演中心网站首页点击"提问预征集" 栏目或通过公司邮箱（investor@fjlm.com.cn）进行提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 福龙马集团股份有限公司（以下简称"公司"）将于 2 ...

证券代码：603686 证券简称：福龙马 公告编号：2023-033 福龙马集团股份有限公司 关于参加福建辖区上市公司 2023 年投资者网上集体接 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：福建辖区上市公司 2023 年投资者网上集体接待日 召开时间：2023 年 5 月 15 日（星期一）16:00-17:30 召开方式：网络在线交流 参与方式：登录"全景路演"网站（https://rs.p5w.net）， 或关注微信公众号：全景财经，或下载全景路演 APP 为进一步加强与投资者的互动交流，福龙马集团股份有限公司 （以下简称"公司"）将参加由福建证监局、福建省上市公司协会 与深圳市全景网络有限公司联合举办的"2023 年福建辖区上市公司 投资者网上集体接待日活动"，现将相关事项公告如下： 本次集体接待日活动将采用网络远程的方式举行，投资者可登 录"全景路演"网站（https://rs.p5w.net），或关注微信公众号： 全景财经，或下载全景路演 APP，参与本次互动 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,205,687,993.62, representing a decrease of 1.03% compared to the same period last year[8]. - The net profit attributable to shareholders was CNY 77,090,143.65, down by 2.53% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,138,875.68, an increase of 1.05% year-on-year[8]. - Total revenue for Q1 2023 was CNY 1,205,687,993.62, a decrease of 1.5% compared to CNY 1,218,251,979.33 in Q1 2022[18]. - Operating profit for Q1 2023 increased to CNY 130,613,174.79, compared to CNY 125,776,721.02 in Q1 2022, reflecting a growth of 3.0%[18]. - Net profit for Q1 2023 was CNY 102,574,195.54, up from CNY 101,094,799.62 in Q1 2022, indicating a growth of 1.5%[18]. - The net profit for Q1 2023 was CNY 102,574,195.54, compared to CNY 101,094,799.62 in Q1 2022, showing a slight increase[19]. - The net profit attributable to shareholders of the parent company was CNY 77,090,143.65, down from CNY 79,093,253.73 in the previous year, indicating a decrease of approximately 2.5%[19]. - The net profit attributable to minority shareholders increased to CNY 25,484,051.89 from CNY 22,001,545.89, reflecting a growth of about 15.5%[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,787,742,597.27, a decrease of 0.93% from the end of the previous year[9]. - Total assets as of March 31, 2023, were CNY 5,787,742,597.27, a slight decrease from CNY 5,842,042,988.16 at the end of 2022[16]. - Current assets totaled CNY 4,122,630,759.00, down from CNY 4,136,912,491.42 at the end of 2022[15]. - Total liabilities decreased to CNY 2,180,305,429.80 from CNY 2,337,818,417.55 at the end of 2022, a reduction of approximately 6.7%[16]. - Cash and cash equivalents were CNY 570,467,871.66, down from CNY 608,235,024.32 at the end of 2022, a decrease of 6.2%[15]. - Total liabilities reached approximately $2.34 billion, with current liabilities accounting for approximately $2.07 billion and non-current liabilities at approximately $263.32 million[29]. - The total current liabilities included accounts payable of approximately $848.46 million and short-term borrowings of approximately $118.11 million[28]. - The company has a long-term debt of approximately $192.60 million, indicating a stable capital structure[29]. Cash Flow - The company reported a net cash flow from operating activities of CNY 12,358,451.75, with no applicable year-on-year comparison[8]. - Operating cash inflow for Q1 2023 was CNY 1,275,037,827.76, up from CNY 1,157,412,421.94 in Q1 2022, representing an increase of approximately 10.2%[22]. - The net cash flow from operating activities was CNY 12,358,451.75, a significant recovery from a net outflow of CNY -188,172,613.61 in the same period last year[22]. - The company reported a total cash outflow from investing activities of CNY 33,895,960.66, down from CNY 76,210,189.90 in Q1 2022, indicating a reduction in investment spending[23]. - The net cash flow from financing activities was CNY 7,092,749.23, a decrease from CNY 24,947,385.75 in the previous year, suggesting a decline in financing activities[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,138[12]. - The company’s basic and diluted earnings per share remained stable at CNY 0.19 for both Q1 2023 and Q1 2022[19]. - The company reported a decrease in retained earnings by approximately $940,893.10 from the previous period[29]. - The total equity attributable to shareholders was approximately $3.18 billion, showing a slight decrease from the previous period[29]. Research and Development - The company reported a research and development expense of CNY 14,964,653.53 for Q1 2023, slightly up from CNY 14,429,142.35 in Q1 2022[18]. - The company plans to focus on market expansion and new product development in the upcoming quarters[18]. Accounting Standards - The company began implementing new accounting standards from January 1, 2023, which may affect future financial reporting[25].

Financial Performance - The company's operating revenue for 2022 was approximately ¥5.08 billion, a decrease of 10.91% compared to ¥5.70 billion in 2021[27]. - The net profit attributable to shareholders for 2022 was approximately ¥260.76 million, down 23.37% from ¥340.26 million in 2021[29]. - The basic earnings per share for 2022 was ¥0.63, a decline of 23.17% from ¥0.82 in 2021[28]. - The net cash flow from operating activities decreased by 26.84% to approximately ¥88.87 million in 2022, compared to ¥121.47 million in 2021[29]. - The revenue from the sanitation equipment business fell by 36.00% to approximately ¥1.35 billion, while the sanitation service business revenue increased by 4.90% to approximately ¥3.55 billion[38]. - The total assets at the end of 2022 were approximately ¥5.84 billion, an increase of 4.54% from ¥5.59 billion at the end of 2021[27]. - The company's net assets attributable to shareholders increased by 5.36% to approximately ¥3.18 billion at the end of 2022[27]. - The weighted average return on equity for 2022 was 8.41%, down from 11.65% in 2021, reflecting a decrease of 3.24 percentage points[28]. - The company reported a significant increase in electricity sales revenue by 69.08% to approximately ¥0.27 billion in 2022[38]. - The sanitation equipment manufacturing revenue was CNY 1.353 billion, down 36.00% year-on-year, with a gross margin of 20.68%, an increase of 1.37 percentage points[106]. - The sanitation industry service revenue reached CNY 3.546 billion, a year-on-year increase of 4.90%, with a gross margin of 23.28%, a slight decrease of 0.01 percentage points[106]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares to all shareholders registered on the equity registration date, based on the total share capital minus any shares held in the repurchase account[7]. - The company has not proposed any stock dividends or capital reserve transfers in the profit distribution plan[7]. - The profit distribution plan for 2022-2024 allows for cash, stock, or a combination of both for profit distribution[200]. - The company revised its profit distribution policy to increase the proportion of cash dividends to 30% of the average distributable profit over the last three years[200]. Audit and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company’s board of directors and management have confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company’s financial report for the reporting period is guaranteed to be true, accurate, and complete by the responsible persons[6]. - The company has not violated any decision-making procedures for providing guarantees during the reporting period[9]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[9]. Risks and Challenges - The company has described potential risks related to its future development in the report, urging investors to be aware of investment risks[10]. - The company faces market competition risks due to increasing participation from other enterprises in the environmental sanitation equipment industry, which may affect its market position[153]. - The company is exposed to financial risks, including potential bad debts from accounts receivable due to long contract implementation cycles and economic conditions affecting clients[160]. - The company is at risk of management challenges as it expands its operations, necessitating continuous optimization of its management mechanisms[155]. - The company must invest in new technologies and product development to maintain its competitive edge in the face of industry trends towards carbon neutrality[158]. Strategic Developments - The company aims to enhance its core competitiveness through innovation and technology, aligning with its new corporate vision[37]. - The company is actively developing multiple regional new energy product markets in preparation for the recovery of international orders[51]. - The company aims to achieve a 20% share of new energy vehicles in total new car sales by 2025, as part of the national strategy for the automotive industry[66]. - The company is committed to improving the rural living environment, with a focus on waste classification and resource utilization in rural areas, aiming for significant advancements by 2025[66]. - The company is committed to becoming a leading provider of comprehensive environmental sanitation solutions, focusing on sustainable and eco-friendly practices[146]. Market Trends and Projections - The sanitation service market is projected to reach 366.9 billion yuan by 2025 and 515.5 billion yuan by 2028, assuming a sustained annual growth rate of 12%[143]. - The demand for new energy sanitation vehicles is expected to accelerate, with estimated sales reaching 27,000 to 36,000 units by 2025 and 120,000 to 190,000 units by 2030, driven by policy support and market recovery[138]. - The sanitation service market has reached a marketization rate of 75%, indicating a shift from high growth to more challenging project expansion in the existing market[141]. - The urbanization rate in China increased from 49.95% in 2010 to 65.22% in 2021, reflecting a growth of 0.77 percentage points year-over-year[68]. Research and Development - The company has developed a comprehensive product line with 509 models across 36 series, including 115 pure electric models and 16 hydrogen fuel cell models[73]. - The company has a strong focus on R&D, with 57 million RMB spent on research and development in 2022, a slight decrease of 0.93% from the previous year[101]. - Research and development expenses totaled 90,386,086.70 CNY, accounting for 1.78% of total revenue, with no capitalized R&D expenditures[115]. - The company is investing $F million in R&D for new technologies aimed at enhancing product efficiency[178]. Corporate Governance - The company has established a governance structure that complies with relevant regulations, ensuring clear responsibilities and effective operation among its governing bodies[170]. - The company has improved information transparency and investor communication, adhering to principles of public, fair, and just information disclosure[171]. - The company has conducted multiple shareholder meetings, ensuring that minority shareholders' voting rights are protected through separate vote counting[175]. - The company emphasizes the importance of maintaining independence from its controlling shareholders to ensure operational integrity[173]. Employee and Management - The total number of employees in the parent company is 844, while the main subsidiaries employ 50,202, resulting in a total of 51,046 employees[196]. - The company has established a comprehensive salary system, linking employee compensation to business development and performance evaluation[197]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 9.476 million yuan[183]. - The company has a well-established talent pool with over 50 personnel holding master's degrees or higher, ensuring a strong foundation for future growth[88].

福龙马集团股份有限公司 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 04 月 17 日（星期一）上午 10:00-11:00 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 04 月 10 日（星期一）至 04 月 14 日 （星期五）15:00 前登录上证路演中心网站首页点击"提问预征 集"栏目或通过公司邮箱（investor@fjlm.com.cn）进行提问。 公司将在说明会上对投资者普遍关注的问题进行回答。 证券代码：603686 证券简称：福龙马 公告编号：2023-010 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果及财务指标的具体情况与投资者进行互动交流 和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行 回答。 二、说明会召开的时间、地点 三、公司出席人员 董事长 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,287,959,165.59, a decrease of 11.50% year-on-year[6]. - The net profit attributable to shareholders for Q3 2022 was CNY 63,833,690.76, down 33.84% compared to the same period last year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 54,571,868.15, a decline of 39.31% year-on-year[6]. - The main business revenue for the first nine months of 2022 was CNY 3.69 billion, a decrease of 12.10% year-on-year[8]. - Total operating revenue for the first three quarters of 2022 was ¥3,728,676,839.66, a decrease of approximately 11.8% compared to ¥4,227,056,494.44 in the same period of 2021[24]. - Net profit for the first three quarters of 2022 was ¥274,826,981.67, a decline of approximately 29.3% from ¥388,775,557.18 in the previous year[25]. - The total comprehensive income for the first three quarters of 2022 was ¥274,826,981.67, down from ¥388,775,557.18 in the previous year, reflecting a decrease of approximately 29.3%[26]. Earnings and Shares - The basic earnings per share for Q3 2022 was CNY 0.15, down 33.84% year-on-year[7]. - The diluted earnings per share for Q3 2022 was also CNY 0.15, reflecting the same decline[7]. - Earnings per share for the first three quarters of 2022 were ¥0.50, compared to ¥0.74 in the same period of 2021, indicating a decrease of about 32.4%[26]. Revenue Breakdown - The revenue from sanitation service business was CNY 2.63 billion, an increase of 5.33%, accounting for 71.30% of the main business revenue[8]. - The revenue from sanitation equipment was CNY 980 million, a decrease of 38.03%, accounting for 26.56% of the main business revenue[8]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,591,366,466.77, a slight increase of 0.05% from the end of the previous year[7]. - The company's current liabilities totaled RMB 1.874 billion, down from RMB 2.036 billion at the end of 2021, indicating improved liquidity[20]. - The total liabilities as of the end of the third quarter of 2022 amounted to ¥2,158,920,321.57, a decrease from ¥2,278,743,290.52 at the end of the previous year[24]. - The total equity attributable to shareholders was ¥3,125,809,061.39, an increase from ¥3,018,080,982.14 in the previous year, reflecting a growth of approximately 3.6%[24]. Cash Flow - The cash inflow from operating activities was CNY 3,616,376,447.30, a decrease of 7.3% compared to CNY 3,900,988,280.13 in the same period of 2021[28]. - The net cash flow from operating activities was negative at CNY -20,550,637.23, an improvement from CNY -181,715,542.36 in the previous year[28]. - The cash outflow for purchasing goods and services was CNY 1,682,904,340.10, down 18.2% from CNY 2,059,923,737.54 in the prior year[28]. - The net cash flow from investing activities was CNY -178,721,516.04, slightly worse than CNY -167,318,885.27 in the same period last year[29]. - Cash inflow from financing activities totaled CNY 169,246,328.41, a decrease of 31.4% compared to CNY 246,815,492.79 in 2021[29]. - The ending cash and cash equivalents balance was CNY 480,772,025.48, down from CNY 527,045,785.06 at the end of the previous year[29]. Market Performance - The company's market share in sanitation equipment was 4.33%, ranking fifth in the industry, while its market share for innovative and mid-to-high-end sanitation vehicles was 7.54%, ranking third[15]. - In the first three quarters of 2022, the company sold a total of 3,300 sanitation vehicles, with innovative and mid-to-high-end models accounting for 61.76% of total sales[16]. - The company's innovative sanitation vehicle sales in Q3 2022 were 710 units, representing 58.58% of total sales for that quarter[16]. - In the first three quarters of 2022, the total sales of sanitation vehicles in China were 65,776 units, a decrease of 12,937 units or 16.44% year-on-year[15]. Contracts and Projects - In the first three quarters of 2022, the company won 28 sanitation service projects with an annual contract value of RMB 412 million, totaling RMB 1.647 billion in contracts[14]. - As of the end of the reporting period, the company had a total annual contract value of RMB 3.985 billion in sanitation services, with a total contract amount of RMB 31.108 billion and a pending contract amount of RMB 1.8295 billion[14]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥40,501,185.49, slightly up from ¥38,686,689.58 in 2021, indicating a year-over-year increase of about 4.2%[24]. Investment Performance - The company reported an investment loss of ¥2,080,728.41 for the first three quarters of 2022, compared to a gain of ¥3,700,234.63 in the same period of 2021[24]. - The company's cash flow from investment activities included CNY 13,611,443.01 from recovering investments, significantly up from CNY 2,541,905.16 in the same period last year[29]. Deferred Income - The company’s deferred income as of the end of the third quarter of 2022 was ¥28,114,134.86, down from ¥30,206,141.75 in the previous year, indicating a decrease of about 6.9%[24].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,440,717,674.07, a decrease of 11.94% compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥144,018,541.14, down 31.78% year-on-year, primarily due to a decline in sanitation equipment revenue and the expiration of tax incentives for sanitation services[22]. - The basic earnings per share for the first half of 2022 was ¥0.35, a decrease of 31.37% compared to the same period last year[21]. - The net cash flow from operating activities for the first half of 2022 was -¥66,202,600.66, showing an improvement from -¥320,469,244.97 in the previous year[21]. - The total assets at the end of the reporting period were ¥5,434,414,699.57, a decrease of 2.76% from the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were ¥3,061,250,958.45, an increase of 1.43% compared to the end of the previous year[21]. - The weighted average return on net assets for the first half of 2022 was 4.66%, down 2.71 percentage points from the same period last year[21]. - The main business revenue was 2.42 billion RMB, a decline of 12.14% year-on-year, with a gross margin of 22.40%, an increase of 0.25 percentage points[39]. - The company's sanitation equipment revenue was 625 million RMB, a decrease of 38.55% year-on-year, accounting for 25.85% of main business revenue[40]. - The sanitation service business revenue grew by 5.58% year-on-year to 1.73 billion RMB, representing 71.64% of main business revenue[41]. Market and Sales Performance - As of June 30, 2022, the total sales of sanitation vehicles in China reached 44,397 units, a decrease of 18.86% year-on-year, with innovative and mid-to-high-end models accounting for 39.19% of total sales, down 1.25 percentage points[29]. - The sales of new energy sanitation vehicles increased by 75.04% year-on-year, totaling 2,146 units, representing 4.83% of the total sanitation vehicle sales in China[30]. - The total contract amount for sanitation service projects reached ¥1,081 billion, reflecting a year-on-year growth of 10.42%[31]. - The sanitation service market is experiencing a slowdown in growth due to the ongoing pandemic and fiscal constraints, with a 2.18% year-on-year increase in the number of new sanitation service projects[31]. - The company secured 20 new sanitation service projects with a first-year annual amount of 266 million RMB, totaling 1.23 billion RMB in contract value[41]. Research and Development - The company’s R&D expenses were approximately 26.64 million RMB, remaining stable compared to the previous year[47]. - The total investment in the new sanitation equipment R&D and intelligent manufacturing project is RMB 27,492.53 million, with an actual investment of RMB 20,796.79 million as of the end of the period, achieving a project input progress of 75.65%[54]. - The company has developed a comprehensive product line with 440 models, including 36 clean energy products and 107 new energy models[27]. - The company is actively expanding its overseas market presence and has signed contracts with multiple new energy product agents[44]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit in Fujian Province, specifically for soil pollution[79]. - The company’s wastewater treatment facility operates effectively, ensuring that wastewater meets the standards set by GB/T31962-2015[82]. - The company’s air pollution control facilities are compliant with the Comprehensive Emission Standard for Air Pollutants (GB16297-1996) and other relevant standards[82]. - The company has established an emergency response plan for environmental incidents, enhancing its ability to manage unexpected pollution events[84]. - The company has implemented a self-monitoring plan for environmental emissions, adhering to relevant regulations and publicly disclosing monitoring data[85]. - No administrative penalties were imposed on the company during the reporting period for environmental issues[86]. - The company has successfully completed environmental impact assessments for all construction projects, adhering to the "three simultaneous" principle of environmental protection[83]. Shareholder and Corporate Governance - The company has not proposed any profit distribution plan for the reporting period[6]. - The company did not distribute profits or increase capital reserves in the first half of 2022, with no shares or dividends allocated[75]. - The company held its annual general meeting on May 6, 2022, where resolutions including the approval of the 2020 annual report and profit distribution were passed[73]. - The controlling shareholder Zhang Guifeng pledged to hold company shares long-term and comply with regulations regarding share reduction after the lock-up period[106]. - The company will ensure timely and accurate disclosure of information regarding share reductions by major shareholders[106]. Financial Risks and Challenges - The company faces market competition risks due to increasing participation from other enterprises in the sanitation service market, which may impact its market position and profitability[58]. - The company is exposed to financial risks related to accounts receivable, which may affect its operational performance if not collected in a timely manner[64]. - The company anticipates challenges in project revenue due to external factors such as local government financial conditions and labor cost variations[69]. - The company is at risk of losing tax benefits if it no longer qualifies as a high-tech enterprise, which could adversely affect its financial performance[67]. Investment and Capital Structure - The total investment amount during the reporting period was ¥98,543,100.00, an increase of 86.15% from ¥52,938,000.00 in the previous year[51]. - The company transferred 40% equity in Hainan Yideng for ¥6,009,083.98, ceasing to hold any shares in the company[53]. - The total amount of external guarantees provided by the company, excluding guarantees for subsidiaries, is 404.76 million RMB, with a guarantee balance of 0 at the end of the reporting period[118]. - The total guarantee amount, including guarantees for subsidiaries, is 1.228448 billion RMB, which accounts for 3.68% of the company's net assets[118]. Operational Efficiency - The company reported a significant decrease in other non-current financial assets from RMB 11,959,409.03 to RMB 10,839,015.15, reflecting a reduction of RMB 1,120,393.88[56]. - The company has digitized management for over 40,000 frontline employees and assets worth over 300 million yuan through its smart sanitation cloud platform[99]. - The company has created approximately 16,000 rural employment positions related to sanitation and environmental management[101].

1 / 12 福龙马：2022 年第一季度报告 证券代码：603686 证券简称：福龙马 福龙马集团股份有限公司 2022 年第一季度报告 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一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 | 本报告期比上年同期增减 变动幅度(%) | | | --- | --- | --- | --- | | 营业收入 | 1,218,251,979.33 | -12.67 | | | 归属于上市公司股东的净利润 | 79,093,253.73 | -33.74 | | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 70 ...

Financial Performance - In 2021, the company's operating revenue reached RMB 5.70 billion, a year-on-year increase of 4.75%[22]. - The net profit attributable to shareholders decreased by 23.13% to RMB 340.26 million, primarily due to the expiration of tax incentives and a decline in the gross margin of sanitation equipment[23]. - The net cash flow from operating activities fell by 86.19% to RMB 121.47 million, mainly due to a reduction in received payments[23]. - Basic earnings per share decreased by 22.64% to RMB 0.82, while the diluted earnings per share also fell by the same percentage[24]. - The total assets at the end of 2021 were RMB 5.59 billion, a year-on-year increase of 2.22%[22]. - The weighted average return on equity decreased to 11.65%, down 4.78 percentage points from the previous year[22]. Business Operations - The sanitation service business generated revenue of RMB 3.38 billion, an increase of 11.68%, accounting for 59.72% of total revenue[30]. - The sanitation equipment business revenue declined by 11.01% to RMB 2.11 billion, with a gross margin of 19.31%, down 6.40 percentage points[31]. - The company added new PPP project asset construction service revenue of RMB 149 million, representing 2.64% of total revenue[30]. - The company’s environmental service revenue reached 3.381 billion yuan in 2021, a year-on-year increase of 11.68%, with a gross margin of 23.29%, down 2.46 percentage points year-on-year[35]. - The company’s sanitation service operations covered 19 provinces and autonomous regions, serving nearly 64 million people with over 47,000 frontline employees[37]. Research and Development - The company completed 453 product optimization improvements in 2021 and announced 95 new products, including 28 new energy products[41]. - The company’s R&D efforts led to the completion of 11 patents, including 10 utility model patents and 1 design patent, focusing on autonomous innovation in solid waste disposal[38]. - Research and development expenses increased by 25.39% to 58 million RMB, indicating a focus on innovation[89]. - The company has a strong R&D capability, with a focus on electric, intelligent, and networked technologies, and has developed multiple self-researched leachate treatment and kitchen waste treatment equipment[80]. Market and Competitive Landscape - The company achieved a market share of 5.91% in the sanitation equipment sector, up 0.42 percentage points year-on-year, while the market share for innovative and high-end operational vehicles was 10.20%, down 0.70 percentage points[34]. - The sanitation service market has reached a marketization rate of over 70% in urban areas, indicating a shift from high growth to a focus on existing contracts[132]. - The competitive landscape of the sanitation service industry is evolving, with a market share of 11% held by the top 10 companies[131]. - The company is actively pursuing international markets and aims to introduce advanced foreign technologies to optimize its products[136]. Strategic Initiatives - The company plans to enhance production efficiency and quality by relocating its sanitation equipment production system to a new facility[31]. - The company aims to achieve a sales volume of new energy vehicles accounting for approximately 20% of total new car sales by 2025[57]. - The company is committed to high-quality development and strategic upgrades following its name change to Fulongma Group Co., Ltd. in December 2021[42]. - The company plans to establish a comprehensive waste management system, including the introduction of a waste classification system by 2025[57]. Environmental Responsibility - The company was listed as a key pollutant discharge unit in Fujian Province, highlighting its environmental responsibilities[196]. - The company’s wastewater treatment facility achieved compliance with discharge standards, with COD levels at 87 mg/L, below the limit of 450 mg/L[198]. - The company has implemented a self-monitoring plan for environmental compliance, ensuring regular testing of air and water pollutants[199]. - The company has upgraded its pollution control facilities to meet environmental protection requirements, ensuring effective operation and compliance[200]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with regulations and enhancing investor communication and transparency[160]. - The audit committee held 5 meetings during the reporting period, reviewing key financial reports including the 2021 Q1 and Q2 financial statements[177]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[172]. - The internal control audit report received a standard unqualified opinion, indicating effective internal control practices[194]. Shareholder Engagement - The company plans to distribute at least 20% of the annual distributable profit as cash dividends over the next three years, prioritizing cash over stock dividends[185]. - The total number of shares held by directors and senior management at the end of the reporting period was 78,065,939, reflecting an increase of 469,450 shares during the year[165]. - The company reported a total of 170.95 million yuan allocated to the performance incentive fund for the year 2021, meeting the conditions for accrual[166]. - The company has established a performance evaluation mechanism for senior management, linking compensation to performance assessments conducted annually[191].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,455,261,011.43, a decrease of 1.70% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 96,481,340.66, down 28.82% year-on-year[5]. - The main business revenue reached CNY 4.198 billion, an increase of 8.61% year-on-year, with sanitation service revenue at CNY 2.494 billion, up 12.47%[7]. - Total operating revenue for the first three quarters of 2021 reached ¥4,227,056,494.44, an increase of 8.5% compared to ¥3,895,344,146.34 in the same period of 2020[24]. - Net profit for the first three quarters of 2021 was ¥388,775,557.18, a decrease of 4.4% from ¥406,893,120.88 in the previous year[25]. - The company reported a basic earnings per share of CNY 0.23, down 28.79% year-on-year[6]. - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.74, down from ¥0.80 in the same period of 2020[26]. - The company's total profit for the first three quarters of 2021 was ¥451,823,859.61, a decrease from ¥471,538,930.27 in the same period of 2020[25]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was CNY -181,715,542.36, a decrease of 149.23%[10]. - Cash flow from operating activities showed a net outflow of ¥181,715,542.36, compared to a net inflow of ¥369,096,181.22 in the first three quarters of 2020[28]. - Total cash outflow from operating activities was ¥4,082,703,822.49, an increase from ¥3,446,241,275.43 in the same period of 2020[28]. - The company reported a decrease in research and development expenses to ¥38,686,689.58 from ¥51,402,501.85 in the previous year[24]. - The company's cash and cash equivalents decreased from CNY 1.304 billion at the end of 2020 to CNY 609.8 million by September 30, 2021[19]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 527.05 million, down from CNY 713.67 million at the end of Q3 2020, reflecting a decrease of approximately 26% year-over-year[29]. - The company experienced a net cash outflow from financing activities of CNY 265.48 million in Q3 2021, contrasting with a net inflow of CNY 56.05 million in Q3 2020, highlighting a significant shift in financing dynamics[29]. - The company reported cash inflows from financing activities totaling CNY 246.82 million in Q3 2021, down from CNY 535.08 million in Q3 2020, indicating a decrease of about 54%[29]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,388,703,202.05, a decrease of 1.43% from the end of the previous year[6]. - The company's total assets as of September 30, 2021, were CNY 5.389 billion, a decrease from CNY 5.467 billion at the end of 2020[21]. - The company's total liabilities decreased from CNY 2.365 billion at the end of 2020 to CNY 2.131 billion by September 30, 2021[21]. - The company's total liabilities rose from CNY 2.36 billion at the end of 2020 to CNY 2.40 billion at the end of Q3 2021, indicating an increase of about 1.7%[34]. - The company's equity attributable to shareholders increased from CNY 2.85 billion at the end of 2020 to CNY 2.86 billion at the end of Q3 2021, reflecting a growth of approximately 0.6%[34]. Business Operations - The revenue from sanitation equipment was CNY 1.581 billion, a decline of 4.01% year-on-year[7]. - In the first three quarters of 2021, the company won 37 sanitation service projects with an annual contract value of CNY 456 million, totaling CNY 2.351 billion[14]. - As of the end of the reporting period, the company had a total annual contract value of CNY 3.662 billion in sanitation services, with a total contract amount of CNY 29.881 billion and a pending contract amount of CNY 20.576 billion[14]. - The total sales of sanitation equipment in the first three quarters of 2021 reached 5,393 units, with innovative and mid-to-high-end models accounting for 63.75% of total sales[16]. - The market share of the company's sanitation equipment was 5.61%, with innovative products and mid-to-high-end models at 9.92% and new energy sanitation vehicles at 7.44%, ranking third in the industry[15]. Investments and Projects - The company has invested CNY 316.49 million in the "Sanitation Equipment Comprehensive Configuration Service Project," which is still under construction[17]. - The company has completed the "Sanitation Service Research and Training Base Project" and the "Marketing Network Construction Project" funded by the 2016 private placement[17]. - In Q3 2021, the company reported a net cash outflow from investment activities of CNY 167.32 million, compared to a net outflow of CNY 152.64 million in Q3 2020, indicating a decline in investment cash flow[29]. - The company’s cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 274.41 million in Q3 2021, compared to CNY 339.52 million in Q3 2020, showing a reduction of approximately 19%[29]. Regulatory and Compliance - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting and asset management strategies[31].