2022 年第三季度报告 证券代码：603717 证券简称：天域生态 天域生态环境股份有限公司 2022 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法律责任。 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。 公司负责人罗卫国、主管会计工作负责人孙卫东及会计机构负责人（会计主管人员）张佩保 证季度报告中财务信息的真实、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 年同期增减变 | 年初至报告期末 | 年初至报告 期末比上年 同期增减变 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | | | | | | | 动幅度(%) | | 营业收入 | 296,362,555.43 | 117.69 | 645,053,408.55 | 4 ...

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a 15% increase compared to the same period in 2021[14]. - The net profit attributable to shareholders reached 80 million RMB, showing a growth of 10% year-on-year[14]. - The company's operating revenue for the first half of 2022 was CNY 348.69 million, an increase of 13.29% compared to CNY 307.78 million in the same period last year[21]. - The net profit attributable to shareholders increased by 161.56% to CNY 22.67 million, primarily due to gains from property sales and a reduction in credit impairment losses[23]. - The company achieved a revenue of RMB 348.69 million in the first half of 2022, representing a 13.29% increase compared to RMB 307.78 million in the same period last year[44]. - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 1.5 billion RMB, representing a 20% year-over-year growth[84]. - The company reported a significant increase in revenue, achieving a total of 400 million in the first half of 2022, representing a growth of 25% year-over-year[90]. User Growth - User data indicates an increase in active users by 25%, reaching a total of 1.2 million users by the end of June 2022[14]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous period[85]. - User data showed a total of 1.2 million active users, an increase of 15% compared to the previous year[90]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2023[14]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[85]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[90]. Product Development - New product development includes the launch of an eco-friendly product line, expected to contribute an additional 50 million RMB in revenue by Q4 2022[14]. - New product development includes the launch of two innovative eco-friendly products, expected to contribute an additional 300 million RMB in revenue[84]. - New product launches are expected to contribute an additional 50 million in revenue by the end of 2022[90]. Research and Development - The company has allocated 30 million RMB for research and development in new technologies aimed at improving operational efficiency[14]. - The company reported a significant increase in research and development expenses, which rose by 137.79% to RMB 12.41 million, highlighting its commitment to innovation[47]. - Research and development investments increased by 30%, focusing on innovative technologies and product enhancements[90]. Financial Position - The company maintains a strong cash position with 200 million RMB in cash and cash equivalents, ensuring liquidity for future investments[14]. - Total assets at the end of the reporting period were CNY 3.73 billion, a 12.08% increase from CNY 3.33 billion at the end of the previous year[21]. - The company’s net assets attributable to shareholders increased by 1.71% to CNY 1.44 billion[21]. - The company has significant restricted assets totaling 1,074,648,987.13 CNY, primarily due to loan guarantees and financing lease guarantees[55]. - The total value of equity investments as of June 30, 2022, is RMB 96,664,990.71, compared to RMB 96,633,853.71 as of December 31, 2021, showing a slight increase[57]. Operational Efficiency - Future guidance estimates a revenue growth of 12% for the second half of 2022, with a projected total revenue of 560 million RMB[14]. - The company has implemented cost-saving measures, optimizing employee structure to enhance per capita efficiency[45]. - Future guidance includes a focus on improving operational efficiency, aiming for a 15% reduction in costs by the end of 2022[90]. Risk Factors - Risk factors include potential regulatory changes that could impact operational costs, which have been detailed in the management discussion section[14]. - The company has adopted a risk control strategy by focusing on projects in economically stable regions, such as the Central Plains and Yangtze River Delta[41]. - The pig farming industry exhibits significant cyclical volatility, with risks of substantial price fluctuations despite government efforts to stabilize the "pig cycle"[66]. Strategic Initiatives - The company has no plans for significant mergers or acquisitions in the near term, focusing instead on organic growth strategies[14]. - A strategic acquisition of a local competitor was announced, which is expected to enhance the company's product offerings and increase market penetration[86]. - The company is exploring the photovoltaic and energy storage sectors as part of its strategic transformation towards renewable energy[45]. Sustainability Commitment - The management indicated a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[85]. - A commitment to sustainability initiatives was reiterated, aiming for a 40% reduction in carbon emissions by 2025[90]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for a period of 36 months from the listing date[79]. - Shareholders are required to limit their share transfers to no more than 25% of their total holdings annually during their tenure and for six months post-departure[79]. - The company will withhold dividends from shareholders who violate their commitments until the issues are resolved[81]. Legal and Compliance - The company has established measures to prevent related party transactions that could harm its interests, ensuring compliance with legal and regulatory requirements[80]. - The company has not reported any major litigation or arbitration matters other than the aforementioned case[92].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 123,504,035.84, a decrease of 10.85% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 22,876,341.18, an increase of 339.38% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -26,785,365.94, a decrease of 800.31% compared to the previous year[3]. - The company reported a net loss for Q1 2022, with total expenses exceeding total revenue, indicating challenges in operational efficiency[15]. - The net profit for Q1 2022 was 20,834,244.26, a significant increase compared to 4,393,916.92 in Q1 2021, representing a growth of approximately 373%[18]. - Basic earnings per share were CNY 0.0788, an increase of 266.51% compared to the same period last year[3]. - Basic and diluted earnings per share for Q1 2022 were both 0.0788, compared to 0.0215 in Q1 2021, marking an increase of approximately 267%[18]. Cash Flow - The net cash flow from operating activities was CNY -28,128,563.13, down 12.93% year-on-year[3]. - The company reported a net cash outflow from operating activities of -28,128,563.13, compared to -24,908,471.87 in Q1 2021, reflecting a worsening cash flow situation[21]. - Investment activities generated a net cash inflow of 139,522,537.43, up from 65,229,505.80 in the previous year, showing an increase of approximately 114%[22]. - Financing activities resulted in a net cash inflow of 249,227,118.91, a significant improvement compared to -69,019,698.83 in Q1 2021[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,648,364,419.44, an increase of 9.60% from the end of the previous year[4]. - Total assets increased to RMB 3,648,364,419.44 as of March 31, 2022, compared to RMB 3,328,832,887.59 at the end of 2021, representing a growth of 9.6%[13]. - Total liabilities rose to RMB 2,005,363,129.01 from RMB 1,717,243,213.64 at the end of 2021, indicating an increase of 16.8%[14]. - Long-term borrowings increased significantly to RMB 636,592,235.08 from RMB 212,111,083.56, reflecting a growth of 200%[14]. - Cash and cash equivalents as of March 31, 2022, amounted to RMB 563,538,805.19, up from RMB 305,658,474.91 at the end of 2021[12]. Shareholder Information - Shareholders' equity attributable to shareholders was CNY 1,440,733,767.99, up 1.61% from the end of the previous year[4]. - The company's equity attributable to shareholders increased to RMB 1,440,733,767.99 from RMB 1,417,857,426.81 at the end of 2021, a rise of 1.6%[14]. - The total number of ordinary shareholders at the end of the reporting period was 19,494[8]. Operational Efficiency - Total operating costs for Q1 2022 were RMB 151,878,378.18, an increase of 10.6% from RMB 137,261,997.22 in Q1 2021[16]. - The company’s management expenses rose to 23,746,053.56, compared to 18,570,147.20 in the previous year, indicating an increase of about 28.5%[21]. - The interest expenses for the quarter were 10,169,397.65, down from 13,063,920.79 in Q1 2021, representing a decrease of approximately 22%[21]. - The company reported a tax expense of -120,312.42, a significant reduction compared to 6,066,856.10 in the same quarter last year, indicating improved tax efficiency[21]. Non-Recurring Items - Non-recurring gains and losses totaled CNY 49,661,707.12, primarily due to asset disposal gains from the sale of an office building[6]. - The company reported a weighted average return on equity of 1.60%, an increase of 1.18 percentage points[3].

Financial Performance - Tianyu Eco-Environment reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-on-year increase of 15% compared to 2020[22]. - The company's net profit attributable to shareholders reached 150 million RMB, reflecting a growth of 20% from the previous year[22]. - The company's operating revenue for 2021 was approximately ¥638.08 million, representing a 9.53% increase compared to ¥582.54 million in 2020[23]. - The net profit attributable to shareholders for 2021 was a loss of approximately ¥214.74 million, a decline of 36.39% from a loss of ¥157.45 million in 2020[23]. - The total profit for the year was -¥235,699,867.33, a decrease of 46.61% year-on-year[53]. - The net profit for 2021 was -¥220,561,484.78, down 39.07% from the previous year[53]. - The company achieved operating revenue of 638.08 million yuan, a year-on-year increase of 9.53%[47]. - The net profit attributable to shareholders was -214.74 million yuan, with a loss increase of 36.39% compared to the previous year, primarily due to rising raw material prices and increased production costs[47]. Revenue and Growth Targets - The company has set a revenue target of 1.5 billion RMB for 2022, which would represent a 25% increase year-on-year[22]. - New product development efforts include the launch of an innovative eco-friendly material, expected to contribute an additional 100 million RMB in revenue in 2022[22]. - Market expansion plans include entering two new provinces in China, aiming to increase market share by 10% in these regions by the end of 2022[22]. Research and Development - Tianyu Eco-Environment has invested 50 million RMB in research and development for sustainable technologies, aiming for a 30% increase in R&D output by 2023[22]. - The total research and development expenditure was RMB 10,365,091.13, accounting for 1.62% of operating revenue[68]. - The company applied for 24 utility model patents and 1 invention patent in the fields of ecological restoration and comprehensive water environment governance during the reporting period[70]. Project and Contract Management - The company signed a total of 78 contracts during the reporting period, amounting to CNY 282,406,200[33]. - The total amount of ongoing projects is 409,810.85 million, with 30 projects currently under construction[84]. - The total amount of orders on hand at the end of the reporting period was RMB 2,322.47 million, with RMB 434,200 yet to start construction and RMB 2,322.03 million in ongoing projects[94]. Financial Integrity and Audit - A standard unqualified audit report was issued by Zhonghua Accounting Firm, confirming the accuracy of the financial statements[9]. - The company has reported no non-operational fund occupation by controlling shareholders, ensuring financial integrity[7]. Challenges and Risks - The ecological environment industry is facing challenges such as declining profit margins and increased cash flow difficulties due to economic pressures and the impact of the COVID-19 pandemic[39]. - The company faces risks related to economic fluctuations, particularly in the context of the construction industry and government financing policies[102]. - The company is exposed to risks in the pig farming sector due to cyclical price fluctuations and biosecurity challenges[105][106]. Corporate Governance and Management - The company has established a governance structure that complies with legal requirements, ensuring shareholder rights are protected[108]. - The company has a diverse board with members holding various roles in academia and industry, enhancing its governance structure[115]. - The company has been expanding its management team, with recent appointments aimed at strengthening operational efficiency[116]. Social Responsibility and Community Engagement - The company is committed to social responsibility, participating in charitable activities and supporting local communities[36]. - The company has committed to investing approximately 350 million yuan in four rural revitalization projects, which have been recognized by local governments[155]. - The company has actively engaged in social responsibility initiatives, including partnerships with universities to cultivate talent in ecological and agricultural sectors[153]. Shareholder and Stock Management - The company reported a total shareholding reduction of 29,345,080 shares during the reporting period, decreasing from 120,936,109 shares at the beginning to 91,591,029 shares at the end[114]. - The company plans to stabilize its stock price by repurchasing shares, with a minimum purchase of 5% of total shares within three months of triggering the stabilization measures[159]. - The company will ensure compliance with information disclosure obligations and relevant approval procedures as per legal regulations[159]. Debt and Financing - The company has a total bank financing balance of 428 million, with short-term loans accounting for 38.79% and long-term loans for 61.21%[85]. - The company has borrowed a total of RMB 297.1 million from its controlling shareholder during the reporting period, with a closing balance of RMB 50 million[180]. - The company plans to apply for credit loans totaling up to RMB 500 million from its controlling shareholders within a 12-month period[179]. Employee Management and Welfare - The total number of employees at the parent company and major subsidiaries is 400, with 96 at the parent company and 304 at subsidiaries[135]. - The company emphasizes a performance-oriented salary structure, linking employee compensation closely to company performance and individual contributions[137]. - The company has implemented a training plan to enhance employee skills and adapt to market changes, focusing on building a learning organization[138].

证券代码：603717 证券简称：天域生态 公告编号：2021-086 天域生态环境股份有限公司 关于参加"重庆辖区 2021 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。 为进一步加强与投资者的互动交流工作，天域生态环境股份有限公司（以下 简称"公司"）将参加重庆上市公司协会联合上证所信息网络有限公司举办的 "重 庆辖区 2021 年投资者网上集体接待日活动"。本次网上集体接待日活动将在上证 所信息网络有限公司提供的平台，采取网络远程的方式举行，投资者可以登录上 证路演中心网站（http://roadshow.sseinfo.com）进入本公司互动平台参与互动 交流。 活动时间为 2021 年 11 月 25 日（星期四）下午 15:00-17:00。届时，公司董 事长兼总裁罗卫国先生，董事兼联席总裁周薇女士，财务总监孙卫东先生，董事 会秘书孟卓伟先生将参加本次活动，通过网络在线交流形式，就投资者关心的问 题，与投资者进行在线沟通和交流。欢迎广大投资者踊跃参与。 特此公告。 天域 ...

Revenue and Profitability - Revenue for Q3 2021 was CNY 136,139,214.90, a decrease of 36.22% compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 24,161,965.84, representing a decline of 1,162.08% year-over-year[5] - The net profit after deducting non-recurring gains and losses was a loss of CNY 26,845,796.95, down 2,890.83% from the previous year[5] - Basic earnings per share were CNY -0.0833, a decrease of 986.17% compared to the same period last year[6] - Operating profit for the third quarter of 2021 was a loss of ¥72,760,168.10, compared to a loss of ¥22,858,467.91 in the same quarter of 2020[21] - Net profit for the third quarter of 2021 was a loss of ¥65,207,397.64, compared to a loss of ¥16,797,669.17 in the same quarter of 2020[22] - Basic and diluted earnings per share for the third quarter of 2021 were both -¥0.2364, compared to -¥0.0680 in the same quarter of 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,333,483,805.50, an increase of 0.48% from the end of the previous year[6] - The company's current assets totaled RMB 2,231,000,985.71, compared to RMB 2,062,979,769.28 in the previous year, reflecting an increase of approximately 8.15%[16] - The company's total liabilities decreased to RMB 1,591,057,632.19 from RMB 1,957,102,056.83, indicating a reduction of approximately 18.67%[18] - The total assets increased to 3,342,055,244.82 RMB, up from 3,317,592,718.07 RMB, reflecting a growth of 24,462,526.75 RMB[28] - The total liabilities remained stable at 1,480,595,474.03 RMB, indicating no change from the previous year[28] - Total liabilities amounted to $1,957,102,056.83, a decrease from $1,981,564,583.58, reflecting a reduction of $24,462,526.75[29] Cash Flow - The company reported a net cash flow from operating activities of CNY -120,411,073.22 for the year-to-date, reflecting a 3.05% increase compared to the previous year[5] - Cash inflow from operating activities for the first three quarters of 2021 was ¥649,109,981.74, an increase from ¥620,047,189.02 in the same period of 2020[24] - The net cash flow from operating activities was -120,411,073.22 RMB, slightly improved from -124,199,273.44 RMB in the previous year[25] - Total cash inflow from investment activities was 86,530,934.15 RMB, compared to 13,890,356.70 RMB in the previous year, resulting in a net cash flow from investment activities of 84,140,336.37 RMB, a significant recovery from -63,805,579.41 RMB[25] - Cash inflow from financing activities totaled 1,154,085,745.18 RMB, up from 601,874,733.72 RMB year-over-year, with a net cash flow of 124,502,266.76 RMB[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,484[11] - The top shareholder, Luo Weiguo, held 48,781,029 shares, representing 16.81% of the total shares, with 45,930,000 shares pledged[12] - Shareholders' equity attributable to the parent company was CNY 1,572,822,019.71, up 26.87% from the end of the previous year[6] - The equity attributable to shareholders rose to RMB 1,572,822,019.71 from RMB 1,239,740,600.37, marking an increase of about 27%[18] Operational Performance - The decline in net profit was primarily due to a decrease in gross margin from landscaping ecological engineering and an increase in credit impairment losses[10] - Total operating revenue for the first three quarters of 2021 was ¥443,922,578.18, a slight increase of 0.6% compared to ¥441,247,932.47 in the same period of 2020[20] - Total operating costs increased to ¥478,563,530.98, up 7.8% from ¥444,040,774.40 in the previous year[21] - Research and development expenses for the third quarter of 2021 were ¥8,079,873.82, a decrease of 15.7% from ¥9,583,134.96 in the same quarter of 2020[21] - Management expenses increased to ¥60,963,687.46, compared to ¥55,057,386.84 in the same period of 2020, reflecting a rise of 10.5%[21] - Other income for the third quarter of 2021 was ¥1,233,948.77, down from ¥1,483,075.44 in the same quarter of 2020[21] Changes in Accounting Standards - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[25] - The company adopted the revised Accounting Standards for Leases effective January 1, 2021, with no significant impact on financial statements[29]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a 15% increase compared to the same period in 2020[13]. - The net profit attributable to shareholders was 80 million CNY, which is a 20% increase year-on-year[13]. - The company's operating revenue for the first half of the year reached ¥307,783,363.28, representing a 35.11% increase compared to ¥227,806,635.63 in the same period last year[19]. - The net profit attributable to shareholders decreased by 96.76% to -¥36,818,110.53, down from -¥18,711,882.84 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 104.97% to -¥50,738,629.18, compared to -¥24,754,459.16 last year[20]. - The net cash flow from operating activities improved by 46.44%, amounting to -¥37,371,088.75, up from -¥69,779,612.11 in the previous year[20]. - The basic earnings per share decreased by 96.76% to -¥0.1523, down from -¥0.0774 in the same period last year[20]. - The diluted earnings per share also decreased by 96.76% to -¥0.1523, reflecting the same trend as the basic earnings per share[20]. - The company achieved a revenue of 30,778.34 million yuan, representing a year-on-year growth of 35.11%[32]. - The net profit attributable to shareholders was a loss of 3,681.81 million yuan, primarily due to a decrease in gross margin from landscaping projects and credit impairment losses[32]. Market Strategy and Expansion - User data indicates a growth in active projects, with a total of 150 ongoing projects as of June 30, 2021, up from 120 projects at the end of 2020[13]. - The company plans to expand its market presence by entering three new provinces by the end of 2021, aiming for a 10% increase in market share[13]. - The company is focusing on integrating its ecological engineering and environmental governance businesses to align with the rural revitalization strategy[25]. - The company anticipates that the demand for ecological environment governance will remain strong, driven by the long-term implementation of rural revitalization strategies[26]. - The company aims to integrate its ecological business experience to support rural revitalization and urban-rural integration initiatives[32]. Financial Integrity and Governance - No non-operating fund occupation by controlling shareholders or related parties was reported, ensuring financial integrity[6]. - The company has not proposed any profit distribution plan for the reporting period, indicating a focus on reinvestment[5]. - The management highlighted potential risks related to market fluctuations and regulatory changes that could impact future performance[5]. - The company confirmed that all board members attended the board meeting, ensuring governance compliance[7]. Research and Development - Research and development expenses increased by 25% to 30 million CNY, focusing on new eco-environmental technologies[13]. - The company has developed 135 utility model patents and 2 invention patents in environmental technology, contributing to its innovation capabilities[35]. Risk Management - The company faces risks related to economic fluctuations, particularly in the landscaping and ecological industry, which is closely tied to national infrastructure investment[58]. - The company is actively managing risks associated with project financing and has adjusted its business layout to focus on high-value projects[38]. - The company acknowledges potential asset impairment risks due to high balances in accounts receivable and contract assets[58]. Shareholder and Stock Information - The company raised RMB 390 million through a non-public issuance of 48.35 million shares, enhancing its financial position[43]. - The company has a total of 290,146,240 shares outstanding, with 241,796,240 shares being freely tradable[94]. - The total number of shareholders reached 11,344 by the end of the reporting period[101]. - The top two shareholders, Luo Weiguo and Shi Dongwei, each reduced their holdings by 14,300,000 shares, holding 49,247,309 shares (16.97%) and 43,088,800 shares (14.85%) respectively at the end of the reporting period[103]. Legal and Compliance Matters - The company reported a significant arbitration case involving a design contract dispute, with a claimed amount of ¥37,426,782[82]. - The arbitration ruling mandated the opposing party to pay ¥12,452,080 as design fees, along with interest calculated at the market loan rate from the date of the ruling until payment is completed[82]. - The company has not faced any major litigation or arbitration matters during the reporting period[82]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding[83]. Environmental Compliance - The company is not classified as a key pollutant discharge unit and has not faced any environmental penalties during the reporting period[69]. - The company has implemented measures to ensure compliance with environmental protection laws and regulations in its ecological agricultural business[69]. Financial Position and Assets - Total assets rose by 4.69% to ¥3,473,161,240.95, compared to ¥3,317,592,718.07 at the end of the previous year[19]. - The company's net assets attributable to shareholders increased by 28.81% to ¥1,596,967,371.10 from ¥1,239,740,600.37 at the end of the previous year[19]. - Cash and cash equivalents increased by 134.65% to 425,783,597.40, representing 12.26% of total assets compared to 5.47% last year[48]. - Total liabilities decreased to CNY 1,737,498,203.37 from CNY 1,957,102,056.83, a reduction of approximately 11.2%[127]. Accounting and Financial Reporting - The company’s financial statements are prepared based on the principle of going concern, indicating a good ability to continue operations for the next 12 months[159]. - The company’s accounting policies are in compliance with the relevant accounting standards, ensuring accurate reflection of financial status and results[161]. - The company consolidates financial statements based on control, including the parent company and its subsidiaries[168].

Financial Performance - Operating revenue increased by 58.28% to CNY 138,529,908.46 year-on-year[5] - Net profit attributable to shareholders was CNY 5,206,547.53, a significant turnaround from a loss of CNY 7,418,047.66 in the same period last year, representing a 170.19% increase[5] - Basic earnings per share rose to CNY 0.0215 from a loss of CNY 0.0307, marking a 170.03% increase[5] - Revenue for the current period reached ¥138,529,908.46, a 58.28% increase from ¥87,523,920.56 in the same period last year, primarily due to increased construction business income[13] - Net profit for the current period was ¥4,393,916.92, a significant turnaround from a loss of ¥7,540,756.52 in the previous year, marking a 158.27% improvement[13] - The total comprehensive income for Q1 2021 was CNY 4,393,916.92, compared to a loss of CNY 7,540,756.52 in Q1 2020[27] Cash Flow - The net cash flow from operating activities improved by 62.56%, reaching -CNY 24,908,471.87[5] - Cash flow from operating activities showed a net outflow of ¥24,908,471.87, an improvement of 62.56% compared to a net outflow of ¥66,534,007.17 in the previous period[13] - Cash inflows from operating activities totaled CNY 363,957,591.00, up from CNY 236,374,240.93 in Q1 2020[33] - The net cash flow from investing activities was 60,919,605.78 RMB, a significant improvement from -4,085,200.00 RMB in Q1 2020[36] - Total cash inflow from operating activities was 452,627,531.56 RMB, compared to 373,591,786.60 RMB in the same period last year, representing a 21.1% increase[35] Assets and Liabilities - Total assets decreased by 5.49% to CNY 3,135,581,338.24 compared to the end of the previous year[5] - Total liabilities as of March 31, 2021, were CNY 1,575,822,648.10, a decrease from CNY 1,767,370,523.20 at the end of 2020[23] - Total equity attributable to shareholders was CNY 1,114,221,190.23 as of March 31, 2021, compared to CNY 1,123,480,716.52 at the end of 2020[23] - Accounts receivable decreased to CNY 612,282,620.77 from CNY 708,511,585.35 year-over-year[22] - Total current assets were CNY 1,853,380,462.28, reflecting a minor adjustment of CNY -150,000.00[42] Expenses - Operating costs rose to ¥116,230,470.21, reflecting a 157.81% increase from ¥45,083,865.99, attributed to the corresponding rise in construction business income[13] - Sales expenses decreased by 61.62% to ¥3,930,550.16 from ¥10,241,477.95, indicating a reduction in personnel costs during the reporting period[13] - Tax and additional charges increased by 129.64% to ¥795,184.45 from ¥346,278.96, primarily due to higher VAT payments[13] - Credit impairment losses surged by 1194.47% to ¥7,533,917.59 from ¥582,008.46, driven by the recovery of accounts receivable[13] Shareholder Information - The number of shareholders reached 11,738, indicating a growing interest in the company[9] - The company reported a financial expense of CNY -4,895,540.08 in Q1 2021, a significant improvement from CNY 12,587,191.99 in Q1 2020[26] Accounting Standards - The company has implemented new leasing standards, resulting in the recognition of right-of-use assets and lease liabilities[12] - The company adopted the new leasing standards effective January 1, 2021, with no significant impact on financial statements[44]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15% compared to 2019[1]. - The net profit attributable to shareholders was 200 million RMB, which is a 10% increase from the previous year[1]. - The company's operating revenue for 2020 was CNY 582,542,897.16, a decrease of 30.43% compared to CNY 837,308,909.97 in 2019[19]. - The net profit attributable to shareholders for 2020 was a loss of CNY 157,445,616.79, representing a decline of 356.34% from a profit of CNY 61,419,724.04 in 2019[21]. - The total profit for the year was -¥160,762,421.14, a decline of ¥229,320,612.50 or 334.49% year-on-year[45]. - The net profit was -¥158,597,144.13, down by ¥220,002,309.88 or 358.28% compared to the previous year[45]. - The company achieved operating revenue of ¥582,542,897.16 in 2020, a decrease of ¥254,766,012.81 or 30.43% compared to the previous year[45]. - The company reported a significant decline in net profit due to reduced revenue from landscaping ecological engineering construction and increased asset impairment losses[22]. - The company reported a significant decrease in EBITDA, with a loss of 86,833,929.64 RMB in 2020 compared to a profit of 125,439,803.56 RMB in 2019, representing a decline of 169.22%[188]. Market Strategy and Expansion - User data indicated a growth in active users by 25%, reaching a total of 500,000 users by the end of 2020[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2022[1]. - A strategic acquisition of a local competitor is anticipated to be finalized in Q2 2021, which is expected to increase the company's market share by 15%[1]. - The company has integrated its ecological agriculture and environmental governance businesses into a comprehensive solution for rural revitalization, focusing on urban-rural integration[29]. - The company is adapting its business focus to regions with better fiscal health and economic potential, such as the Central Plains, Yangtze River Delta, and Pearl River Delta[42]. - The company plans to focus on rural revitalization and ecological projects, integrating traditional and emerging businesses to create a comprehensive operational model[91]. Research and Development - The company has allocated 50 million RMB for research and development in new technologies aimed at enhancing operational efficiency[1]. - New product development includes the launch of an eco-friendly product line, expected to contribute an additional 100 million RMB in revenue in 2021[1]. - Research and development expenses were reduced by 50.01% to ¥13,136,633.16 compared to the previous year[46]. - The company applied for 20 utility model patents and 2 invention patents during the reporting period, enhancing its competitive edge in ecological technology[56]. - The company has established 155 utility model patents and 2 invention patents in fields such as black and odorous water treatment and soil remediation[36]. Financial Position and Cash Flow - The company has maintained a strong cash position with cash reserves of 300 million RMB, ensuring liquidity for future investments[1]. - Cash and cash equivalents decreased by 43.41% compared to the beginning of the period, primarily due to the repayment of finance lease borrowings and the maturity of notes payable[34]. - The cash flow from operating activities improved by 71.46%, reaching a net cash flow of CNY -86,511,975.38, compared to CNY -303,095,938.16 in the previous year[22]. - The company reported a net cash flow from operating activities of -CNY 86,511,975.38, an improvement of 71.46% compared to the previous year, primarily due to increased collections from landscape ecological engineering projects[59]. - The company’s total cash and cash equivalents decreased by CNY 104,778,920.77, a decline of 492.90% compared to the previous year[60]. Risk Management - The board has emphasized the importance of risk management strategies in light of potential market fluctuations[1]. - The company is actively managing risks associated with large-scale projects by conducting thorough research and evaluation before investment[38]. - The company faces risks related to economic fluctuations, high accounts receivable, and potential asset impairment due to its industry-specific settlement model[92]. - The company is controlling investment pace strictly based on actual funding and operational conditions, which may slow down the implementation of its transformation strategy[94]. Shareholder and Governance - The company has implemented a cash dividend policy to ensure reasonable returns to shareholders, considering factors such as profitability, development planning, and external financing environment[97]. - The company has established a three-year shareholder return plan (2020-2022) to ensure continuous and stable profit distribution policies[98]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, ensuring stability in shareholding[102]. - The company has established a commitment to avoid unnecessary related transactions and ensure fair pricing in any necessary transactions with related parties[103]. - The company has a mechanism to withhold dividends if commitments regarding related transactions are violated[103]. Legal and Compliance - The company faced a lawsuit involving a construction contract dispute with a claim amount of 15,100,407.58 RMB, which was resolved in favor of the company[116]. - The company has no major litigation or arbitration matters pending as of the report date[118]. - The company has retained Zhonghua Accounting Firm for auditing services, with a fee of 848,000 RMB for the year[116]. - There were no significant accounting errors or changes in accounting policies that affected the financial statements during the reporting period[114]. Social Responsibility - The company donated RMB 500,000 to support COVID-19 relief efforts in Wuhan and surrounding areas[139]. - The company emphasizes its commitment to social responsibility and community support, particularly during the pandemic[139].