2022 年第三季度报告 证券代码：603778 证券简称：乾景园林 北京乾景园林股份有限公司 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、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 信息的真实、准确、完整。 2022 年第三季度报告 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 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 24,847,248.36 | -52.54 | 85,945,861.86 ...

Financial Performance - The company reported a revenue of CNY 61,098,613.50 for the first half of 2022, a decrease of 31.40% compared to CNY 89,066,327.49 in the same period last year[19]. - The net profit attributable to shareholders was CNY -13,787,237.70, an improvement of CNY 452,750.88 compared to CNY -18,314,737.58 in the previous year[21]. - The net cash flow from operating activities was CNY -30,054,025.99, showing a significant reduction in cash outflow compared to CNY -103,140,361.69 in the same period last year[19]. - The basic earnings per share for the first half of 2022 was CNY -0.02, unchanged from the previous year[20]. - The weighted average return on net assets was -0.97%, an improvement from -1.29% in the same period last year[20]. - The company achieved operating revenue of 61.1 million yuan in the first half of 2022, a decrease of 31.4% compared to the same period last year[40]. - The net profit attributable to shareholders of the parent company was -13.79 million yuan in the same period[40]. - Operating costs decreased by 28.87% to ¥53,370,188.51 from ¥75,028,092.59 in the previous year[43]. - Research and development expenses increased by 107.22% to ¥6,292,104.12 from ¥3,036,364.75 in the previous year[43]. - The company reported a total revenue of HKD 108,529.33 million, with a net profit of HKD 29,355.75 million, reflecting a profit margin of approximately 27.1%[56]. Assets and Liabilities - The company's total assets increased by 1.27% to CNY 1,857,953,214.33 from CNY 1,834,643,737.24 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 3.18% to CNY 1,181,554,226.11 from CNY 1,220,312,631.33 at the end of the previous year[19]. - The company's total liabilities rose to ¥587,553,783.47 from ¥519,349,386.43, marking an increase of approximately 13.1%[101]. - Long-term borrowings increased significantly to ¥119,770,000.00 from ¥55,250,000.00, representing a growth of about 116.5%[100]. - Total current assets increased to ¥863,138,540.69 from ¥848,289,819.20, representing a growth of approximately 1.0%[99]. - Total non-current assets increased to ¥994,814,673.64 from ¥986,353,918.04, showing a growth of about 0.9%[100]. Strategic Initiatives - The company is actively pursuing strategic transformation, expanding into ecological construction, tourism, and environmental technology sectors[28]. - The company has established a full industry chain in ecological tourism, including planning, project development, and operational services[28]. - The company is focusing on ecological construction as its main business, with a diversified development layout including planning design, ecological tourism, environmental technology, and big data centers[41]. - The company has diversified its operations into environmental technology and big data services through subsidiaries and partnerships[28]. - The company signed 4 contracts for landscape ecological engineering construction with a total contract value of 160.83 million yuan during the reporting period[40]. Challenges and Risks - The company faced challenges due to the ongoing impact of COVID-19, macroeconomic downturn, and intensified competition in the landscaping industry[21]. - The company has identified funding risks due to the large investment scale of landscaping projects, which may limit its operational cash flow and ability to undertake new projects[59]. - The company faces risks related to accounts receivable and contract assets, with a significant portion of its revenue dependent on local government and enterprise clients, which may affect cash flow and project completion timelines[57]. - The company has a high reliance on accounts receivable, which poses a risk to its financial stability if collection efficiencies are not improved[57]. Corporate Governance and Compliance - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company maintains a good integrity status, with no unfulfilled court judgments or significant overdue debts reported during the reporting period[80]. - The company ensures compliance with social insurance and housing fund regulations, taking full responsibility for any penalties incurred due to non-compliance[74]. - The company reported significant litigation involving a construction contract dispute with Lanzhou Ruijian Investment Development Co., Ltd., with the first instance ruling already made and an appeal filed in June 2022, currently under second instance review[79]. Research and Development - The company has 49 patents, including 20 related to landscape construction and maintenance, and 12 related to ecological restoration[39]. - The company has actively participated in ecological restoration and environmental remediation projects, increasing the proportion of its ecological and environmental protection business[37]. - Research and development expenses for the first half of 2022 were CNY 6,292,104.12, significantly higher than CNY 3,036,364.75 in the first half of 2021, marking an increase of 107.4%[107]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,051[90]. - The largest shareholder, Hui Quanfu, holds 94,776,639 shares, accounting for 14.74% of the total shares[91]. - The second-largest shareholder, Yang Jing, holds 84,601,668 shares, accounting for 13.16% of the total shares[91]. - The company completed a share repurchase plan, buying back 9,558,950 shares, accounting for 1.49% of the total share capital, with a total payment of 40.42 million yuan[41]. Financial Management - The company completed the first phase of the employee stock ownership plan, with a target of achieving revenue growth of at least 30% in 2022 and 50% in 2023 compared to 2021[42]. - The company reported no profit distribution or capital reserve increase plans for the half-year period, indicating a focus on reinvestment[66]. - The company reported a comprehensive income total of CNY -20,690,443.11 for the first half of 2022, reflecting a significant loss compared to the previous period[127]. - The capital reserve increased by CNY 1,494,200.00, while the retained earnings decreased by CNY 34,320,542.36 during the reporting period[129]. Accounting Policies - The financial statements are prepared based on the going concern assumption, supported by the company's historical profitability and financial resources[143]. - The company has established specific accounting policies for bad debt provisions, contract cost estimates, and asset impairment[144]. - The company's financial statements comply with accounting standards, accurately reflecting its financial position and operating results[145]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[151].

[Key Financial Data](index=1&type=section&id=I.%20Key%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's Q1 2022 performance declined, with operating revenue decreasing by 27.03% year-over-year, and net profit attributable to parent company shareholders recording a loss of 10.15 million RMB, while operating cash flow was a net outflow and both total assets and shareholder equity slightly decreased compared to the end of the previous year Key Financial Indicators for Q1 2022 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue (RMB) | 24,107,672.95 | -27.03 | | Net Profit Attributable to Parent Company Shareholders (RMB) | -10,148,849.20 | Not Applicable | | Net Cash Flow from Operating Activities (RMB) | -46,287,825.32 | Not Applicable | | Basic EPS (RMB/share) | -0.02 | Not Applicable | | **Indicator** | **As of End of Current Period** | **Change from End of Previous Year (%)** | | Total Assets (RMB) | 1,769,344,430.20 | -3.56 | | Total Equity Attributable to Parent Company Shareholders (RMB) | 1,176,502,516.47 | -3.59 | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to -1,360.00 RMB, primarily due to non-operating expenses such as vehicle fines Details of Non-recurring Gains and Losses | Item | Amount for Current Period (RMB) | Explanation | | :--- | :--- | :--- | | Other gain/loss items meeting the definition of non-recurring | -1,600.00 | Primarily due to vehicle fines during the current reporting period | | Less: Income tax impact | -240.00 | | | **Total** | **-1,360.00** | | [Analysis of Changes in Key Financial Indicators](index=3&type=section&id=(III)%20Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, several financial indicators showed significant changes, with operating revenue decreasing by 27.03% due to pandemic impacts, prepayments surging by 156.93% for new project procurement, treasury stock increasing by 279.83% due to share repurchases, and financial expenses significantly declining by 72.47% due to lower bank loan interest compared to the prior year, while net profit loss narrowed primarily due to a substantial reduction in credit impairment losses this period - Operating revenue decreased by **27.03%**, primarily due to factors such as the pandemic[6](index=6&type=chunk) - The net loss attributable to parent company shareholders narrowed (year-over-year change not applicable), mainly due to a reduction in credit impairment losses recognized in the current period compared to the prior year[6](index=6&type=chunk) - Prepayments significantly increased by **156.93%**, primarily for material procurement and engineering subcontracting payments for newly commenced projects[6](index=6&type=chunk) - Treasury stock surged by **279.83%**, mainly due to significant share repurchases during the reporting period[6](index=6&type=chunk) - Cash received from sales of goods and services decreased by **55.52%** year-over-year, primarily due to economic downturn and pandemic impacts, resulting in lower project collections compared to the prior year[7](index=7&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Shareholder%20Information) [Total Number of Shareholders and Top Ten Shareholders' Shareholding](index=4&type=section&id=(I)%20Total%20Number%20of%20Common%20Stock%20Shareholders%2C%20Preferred%20Stock%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding) As of the end of the reporting period, the company had **25,539** common stock shareholders, with the top two shareholders, Hui Quanfu and Yang Jing, being a married couple and concerted parties, holding a combined **27.9%** stake, both with a high proportion of their shares pledged - As of the end of the reporting period, the total number of common stock shareholders was **25,539**[9](index=9&type=chunk) Top Three Shareholders' Shareholding | Shareholder Name | Shareholding Percentage (%) | Share Status | Pledged/Frozen Shares | | :--- | :--- | :--- | :--- | | Hui Quanfu | 14.74 | Pledged | 55,042,632 | | Yang Jing | 13.16 | Pledged | 84,601,668 | | Caida Securities - Handan Construction Investment Group... | 10.46 | None | 0 | - Shareholders Hui Quanfu and Yang Jing are a married couple and constitute concerted parties[11](index=11&type=chunk) [Other Reminders](index=6&type=section&id=III.%20Other%20Reminders) The company confirms no other significant operational information requiring special attention from investors during this reporting period - The company confirms no other important operational information requiring investor attention[12](index=12&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=IV.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2022, the company's total assets were **1.77 billion RMB**, a **3.56%** decrease from the end of the previous year, while total liabilities were **499 million RMB**, a **3.94%** decrease, and total equity attributable to parent company shareholders was **1.18 billion RMB**, a **3.59%** decrease, primarily due to a reduction in cash and cash equivalents Key Balance Sheet Items | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,769,344,430.20 | 1,834,643,737.24 | | Total Liabilities | 498,869,177.59 | 519,349,386.43 | | Total Equity Attributable to Parent Company Shareholders | 1,176,502,516.47 | 1,220,312,631.33 | - Cash and cash equivalents at period-end amounted to **81.80 million RMB**, a significant **43.32%** decrease from **144 million RMB** at the beginning of the period, primarily used for share repurchases and project payments[6](index=6&type=chunk)[13](index=13&type=chunk) [Consolidated Income Statement](index=9&type=section&id=Consolidated%20Income%20Statement) In Q1 2022, the company achieved operating revenue of **24.11 million RMB**, a **27.03%** year-over-year decrease, while net profit attributable to parent company shareholders was **-10.15 million RMB**, a significant narrowing of loss compared to **-31.38 million RMB** in the prior year, primarily due to credit impairment losses shifting from a large loss to a small gain Core Income Statement Data | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 24,107,672.95 | 33,039,923.42 | | Operating Profit | -11,156,232.55 | -36,698,097.21 | | Net Profit Attributable to Parent Company Shareholders | -10,148,849.20 | -31,379,155.35 | | Basic EPS (RMB/share) | -0.02 | -0.05 | - Credit impairment losses were a **1.35 million RMB** gain in the current period, compared to a **30.79 million RMB** loss in the prior year, serving as a key factor in the improvement of net profit[18](index=18&type=chunk) [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) During the reporting period, net cash flow from operating activities was **-46.29 million RMB**, an improvement from **-71.35 million RMB** in the prior year, with net cash outflow from investing activities at **7.97 million RMB**, and net cash outflow from financing activities at **8.27 million RMB**, primarily due to share repurchase payments, resulting in a net decrease of **62.53 million RMB** in cash and cash equivalents Cash Flow Statement Overview | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -46,287,825.32 | -71,350,799.34 | | Net Cash Flow from Investing Activities | -7,970,049.16 | -76,357,015.42 | | Net Cash Flow from Financing Activities | -8,268,729.39 | 62,431,200.00 | | Net Increase in Cash and Cash Equivalents | -62,532,016.52 | -85,267,426.32 | - Cash flow from financing activities shifted from positive to negative, primarily due to **33 million RMB** in other cash payments related to financing activities (mainly for share repurchases) in the current period, compared to only **2 million RMB** in the prior year[7](index=7&type=chunk)[20](index=20&type=chunk)

Financial Performance - The company's operating revenue for 2021 was ¥176,798,926.79, a decrease of 31.60% compared to ¥258,496,249.51 in 2020[22] - The net profit attributable to shareholders of the listed company was -¥201,388,624.64, compared to -¥80,449,083.15 in the previous year, indicating a significant loss[22] - The cash flow from operating activities was -¥149,826,411.25, worsening from -¥74,448,002.59 in 2020[22] - The company reported a decrease in revenue from main business activities, with adjusted operating revenue at ¥176,107,115.50, down 31.78% from the previous year[22] - The net profit attributable to shareholders for the reporting period was -201.39 million RMB, a decrease of 12.09 million RMB compared to the previous year[24] - Total assets at the end of 2021 were 1,834.64 million RMB, down 15.19% from 2,163.15 million RMB at the end of 2020[23] - The basic earnings per share for 2021 was -0.31 RMB, compared to -0.16 RMB in 2020[24] - The net cash flow from operating activities was -149.83 million RMB, a decrease of 7.54 million RMB from the previous year[25] - The company's net assets attributable to shareholders decreased to 122.03 million RMB, down 20.57 million RMB from the previous year[25] - The weighted average return on equity was -14.12% for 2021, compared to -8.45% in 2020[24] Business Operations - The company has established a full industry chain business model in landscape engineering and design, integrating technology research and development, seedling planting, and maintenance[40] - The company has 49 patents, including 20 related to landscaping construction and maintenance, and 12 related to ecological restoration[50] - The company has successfully secured multiple projects, including the Beijing World Horticultural Exposition and various municipal green space projects, enhancing its market presence[49] - The company is focusing on ecological construction and planning design, with a diversified development layout including ecological tourism and environmental technology[36] - The company is actively participating in ecological restoration and environmental projects, aligning with national ecological civilization policies[39] - The company has completed 23 projects during the reporting period, with a total value of 29,383.74 million RMB[86] - The total amount of new contracts signed during the reporting period was 15,719.98 million RMB, with a total of 25 projects[91] - The total amount of orders on hand at the end of the reporting period was 11,577.06 million RMB, with no projects yet to start[92] Risk Management - The company has outlined potential risks in its report, including specific risks and countermeasures in its future development discussion[9] - The company faced increased competition in the landscaping industry and was impacted by macroeconomic downturns and pandemic-related disruptions[25] - The company reported a significant increase in expected credit loss and asset impairment losses due to delayed payments and project stoppages[25] - The company faces risks related to a high proportion of accounts receivable and contract assets, which may be affected by the financial status of major clients such as real estate developers and local government agencies[107] - The company is addressing funding risks associated with large-scale projects and high levels of inventory and accounts receivable, which may impact cash flow and operational capabilities[109] Governance and Compliance - The company has established a scientific corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities and independent operations among its governing bodies[112] - The board of directors consists of 5 members, including 2 independent directors, fulfilling the regulatory requirements and ensuring effective decision-making processes[113] - The company has maintained effective communication with investors through various channels, ensuring transparency and fairness in its dealings with stakeholders[114] - The company has not faced any regulatory criticism or penalties related to information disclosure during the reporting period, demonstrating its commitment to compliance[114] - The company has independent accounting and financial management systems, ensuring clear asset ownership and financial accountability[112] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10-15% driven by new product launches and market expansion strategies[123] - The company plans to enhance market expansion, project management, and multi-channel financing to ensure contract fulfillment, output value, and cash collection targets are met[106] - The company aims to achieve coordinated development across multiple sectors, including ecological construction, planning design, and environmental technology[102] - The company plans to focus on high-quality projects in response to the competitive landscape and macroeconomic conditions[55] - The company aims to develop eco-tourism with a focus on forest health, implementing a vertical integration strategy that includes project planning, investment financing, and land development[105] Financial Management - The company has implemented measures to enhance cash flow management, including seeking cooperation with state-owned enterprises and increasing efforts to collect project payments[78] - The company's cash balance at the end of the reporting period was ¥144,333,340.58, a decrease of 62.48% from ¥384,681,660.19, mainly due to repayment of short-term loans and supplier payments[79] - The company has entrusted a total of CNY 41 million in bank wealth management products, with no overdue amounts[180] - The company has made several structured deposits with Industrial Bank, with amounts ranging from CNY 7 million to CNY 11 million, and annualized returns between 3.00% and 3.39%[182] Employee Engagement - The company has proposed an employee stock ownership plan to enhance employee engagement and align interests with shareholders[118] - The company has conducted multiple shareholder meetings to approve key resolutions, including changes to the company's capital and operational scope[118] - The company has implemented a performance evaluation mechanism for senior management, linking their annual salary to company performance and individual achievements[149] - The company has a diverse management team with a mix of genders, including both male and female executives[120] Market Expansion - The company is actively pursuing market expansion, targeting new regions in Southeast Asia, with plans to establish two new offices by the end of 2022[123] - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million allocated for potential deals[166] - The company plans to expand into rural ecological environment governance, leveraging its traditional advantages in landscaping[100] - The company aims to transform into an "integrated operator of ecological environment and forest health care," focusing on sustainable development[49]

Financial Performance - The company's operating revenue for Q3 2021 was ¥52,349,063.80, representing a year-on-year increase of 4.87%[5] - The net profit attributable to shareholders was -¥31,526,595.34, with a year-to-date decrease of 13.10% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥34,789,287.09, with a year-to-date decrease of 13.10%[5] - Total operating revenue for the first three quarters of 2021 was CNY 141,415,391.30, a decrease of 13.1% compared to CNY 162,726,797.23 in the same period of 2020[21] - The net profit attributable to shareholders of the parent company for the first three quarters of 2021 was a loss of CNY 49,841,332.92, compared to a loss of CNY 16,915,967.22 in the same period of 2020[23] - The company reported a net loss of CNY 53,166,886.99 for the first three quarters of 2021, worsening from a net loss of CNY 17,087,319.10 in the previous year[22] - Basic and diluted earnings per share for the first three quarters of 2021 were both CNY -0.08, compared to CNY -0.03 in the same period of 2020[23] Cash Flow and Assets - The cash flow from operating activities was -¥146,246,100.42 for the year-to-date period[6] - The net cash flow from operating activities was -146,246,100.42 RMB, compared to -177,189,451.16 RMB in the previous quarter, indicating a slight improvement[26] - The total cash inflow from investment activities was 323,350,701.04 RMB, significantly higher than 29,954,755.39 RMB in the previous quarter[26] - The net cash flow from financing activities was -29,281,004.66 RMB, a decrease from a positive 7,156,841.45 RMB in the previous quarter[27] - The total cash and cash equivalents at the end of the period were 83,893,463.82 RMB, down from 383,681,660.19 RMB at the beginning of the period[27] - The company's cash and cash equivalents as of September 30, 2021, amount to ¥84,993,463.82, down from ¥384,681,660.19 at the end of 2020[16] - Total current assets decreased to ¥1,007,365,390.24 from ¥1,326,571,359.31[16] - The total assets at the end of the reporting period were ¥2,044,956,353.18, a decrease of 5.46% from the end of the previous year[6] - The total assets increased to 2,180,509,625.12 RMB, up from 2,163,147,937.23 RMB[29] - The total assets were recorded at 2,163,147,937.23, showcasing the company's asset base[31] Liabilities and Equity - Total liabilities as of the end of the reporting period were CNY 569,610,742.37, compared to CNY 626,386,270.58 at the end of the previous year[22] - Total liabilities amounted to 626,386,270.58, with non-current liabilities at 62,572,622.29[30] - The company reported a contract liability of ¥235,797,073.11, an increase from ¥215,907,215.24[17] - The total equity attributable to shareholders of the parent company was CNY 1,366,176,147.81, down from CNY 1,426,015,821.59 in the previous year[22] - The equity attributable to shareholders was ¥1,366,176,147.81, down 4.20% from the end of the previous year[6] - Total equity reached 1,536,761,666.65, indicating a strong financial position[31] - The retained earnings were reported at 350,489,749.09, indicating accumulated profits available for reinvestment[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,032[13] - The largest shareholder, Yang Jing, holds 103,887,368 shares, representing 16.16% of total shares[13] - The company has a minority interest of 110,745,845.06, indicating the presence of non-controlling interests[30] Challenges and Impairments - The company reported a significant increase in credit impairment losses due to the completion of projects and longer collection periods for accounts receivable[11] - The company faced challenges due to macroeconomic policies affecting real estate, impacting project timelines and receivables[11] - The company experienced a credit impairment loss of CNY -73,240,451.31 in the first three quarters of 2021, compared to a loss of CNY -23,007,280.10 in the previous year[22] - The company reported a significant increase in financial expenses, totaling CNY 1,267,540.22 for the first three quarters of 2021, compared to CNY 416,728.05 in the same period of 2020[22] Other Information - The company has no significant new product or technology developments mentioned in the report[15] - The company has implemented new leasing standards effective from January 1, 2021, aligning with financial reporting requirements[31] - The company is compliant with the new leasing standards as per the Ministry of Finance's requirements[31]

Financial Performance - The company reported a revenue of CNY 89.07 million for the first half of 2021, a decrease of 21.05% compared to CNY 112.81 million in the same period last year[17]. - The net profit attributable to shareholders was a loss of CNY 18.31 million, which is a decline of CNY 0.74 million from a loss of CNY 10.91 million in the previous year[20]. - The net cash flow from operating activities was a negative CNY 103.14 million, a decrease of CNY 21.80 million compared to the previous year's negative CNY 81.34 million[20]. - The company's total assets decreased by 1.19% to CNY 2.14 billion from CNY 2.16 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 1.63% to CNY 1.40 billion from CNY 1.43 billion at the end of the previous year[17]. - The basic and diluted earnings per share were both -CNY 0.03, compared to -CNY 0.02 in the same period last year[19]. - The company faced increased credit loss provisions of CNY 33.54 million due to extended accounts receivable periods influenced by macroeconomic policies[20]. - The decline in revenue was attributed to a cautious approach towards large real estate and municipal projects, resulting in fewer new contracts signed[20]. - The company is currently in the final stages of previously expanded EPC projects and greening construction projects, which contributed to the revenue decline[20]. - The company reported a total non-operating income of 1,274,025.70 million after accounting for tax impacts[23]. - The company reported a net profit of CNY -58.04 million for Beijing Qianjing Garden Planning Design Co., Ltd., indicating a loss in the landscape design segment[62]. - The company reported a comprehensive loss of RMB 20,690,443.11 for the first half of 2021[136]. Business Operations - The company is engaged in the landscaping industry, focusing on integrated operations including technology research and development, seedling planting, and landscape design[25]. - The company has established a diversified business layout, including ecological construction, planning design, ecological tourism, and environmental technology[27]. - The company continues to promote strategic transformation and upgrade in its ecological construction sector, covering municipal greening and ecological restoration[27]. - The company’s main business model includes project bidding, contract signing, project team formation, and project implementation[28]. - The company aims to create sustainable modern engineering by integrating design and construction with environmental considerations[27]. - The company has participated in significant projects such as the Beijing World Horticultural Expo and various municipal landscape projects[26]. - The company signed 2 contracts for ecological engineering construction with a total contract amount of RMB 18.52 million and 4 contracts for landscape design with a total amount of RMB 1.06 million[43]. - The company has established subsidiaries in multiple regions, including Beijing, Anhui, Fujian, and others, to enhance market share and resource integration[38]. - The company has actively promoted strategic transformation while deepening its main business in ecological construction and planning design[44]. - The company has formed an integrated business model covering technology research and development, seedling planting and maintenance, landscape design, and engineering construction[38]. Financial Management - The company has not proposed any profit distribution or capital reserve transfer to shareholders during this reporting period[5]. - The company reported a government subsidy of 26,635.09 million, primarily due to individual income tax refunds[22]. - The company recognized a financial income of 1,454,180.90 million from the fair value changes of financial assets and derivatives[23]. - The company raised a total of RMB 510 million through a private placement of 142,857,142 shares in 2020, enhancing its capital strength and risk resistance[45]. - The company plans to repurchase shares at a price not exceeding RMB 5.5 per share, with a total repurchase fund of no less than RMB 40 million and no more than RMB 80 million[48]. - The company reported a total guarantee amount of RMB 6,300,000, which accounts for 4.49% of the company's net assets[94]. - The company has repurchased a total of 2,485,950 shares, representing 0.39% of the total share capital, with a total payment of RMB 9,998,602[97]. - The company has no outstanding guarantees for subsidiaries, with a total guarantee amount of RMB 6,300,000 for other parties[94]. - The company has no significant related party transactions or changes in related transactions during the reporting period[92]. - The company has no rental income or significant leasing agreements affecting its financial performance[92]. Market Strategy - The company aims to strengthen market marketing and project management to enhance its competitive edge during its strategic transformation[66]. - The company is expanding its market presence in Asia, targeting a 20% increase in market share by the end of the year[88]. - Research and development investments increased by 30%, focusing on innovative technologies to enhance product offerings[87]. - The company has initiated a strategic acquisition plan, aiming to acquire two smaller firms to bolster its technology capabilities[86]. - A new marketing strategy has been implemented, projected to increase customer engagement by 40%[84]. Shareholder Information - Total number of ordinary shareholders reached 38,308 by the end of the reporting period[105]. - The top shareholder, Yang Jing, holds 103,887,368 shares, representing 16.16% of total shares, with 32,000,000 shares reduced during the reporting period[106]. - The second-largest shareholder, Hui Quanfu, holds 94,776,639 shares, accounting for 14.74% of total shares, with no changes during the reporting period[106]. - The third-largest shareholder, Handan Hexin Equity Investment Fund, holds 70,028,011 shares, which is 10.89% of total shares[106]. - The company has a total of 142,857,142 restricted shares at the beginning of the reporting period, with no shares released or added during the period[104]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest four shareholders alone accounting for over 56% of total shares[106]. Compliance and Governance - The company reported no significant legal issues or regulatory penalties during the reporting period, maintaining a strong compliance record[88]. - The board of directors reaffirmed their commitment to shareholder returns, with plans for a dividend increase of 10% in the upcoming quarter[83]. - The company has made commitments regarding shareholding and competition, ensuring no engagement in competing businesses[78]. - The company has a share transfer limit for its directors and senior management, restricting annual transfers to 25% of their holdings[80]. - The company has committed to repurchasing shares if any false statements are identified in its IPO prospectus[80]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[74]. - The company adheres to national policies on carbon neutrality and focuses on green low-carbon development in its operations[75]. - Recent projects include ecological construction initiatives aimed at improving natural environments, such as the Sichuan Qionglai Spring Lake Wetland Park project[74]. - There are no reported measures taken to reduce carbon emissions during the reporting period[76]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, supported by the group's recent profitable operating history and financial resources[156]. - The accounting policies and estimates have been tailored to the group's operational characteristics, including provisions for bad debts and revenue recognition[157]. - The financial statements comply with the requirements of enterprise accounting standards, accurately reflecting the company's financial position and operating results[158]. - The company's functional currency for accounting purposes is Renminbi[161]. - The company assesses expected credit losses for receivables based on the entire lifetime of the asset, categorizing them into different groups based on credit risk characteristics[187].

2021 年第一季度报告 公司代码：603778 公司简称：乾景园林 北京乾景园林股份有限公司 2021 年第一季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 11 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | | | | 越权审批，或无正式批准文件，或偶发性的税收 | | | | 返还、减免 | | | 3 / 22 单位：元币种：人民币 本报告期末 上年度末 本报告期末 比上年度末 增减(%) 总资产 2,160,405,357.67 2,163,147,937.23 -0.13 归属于上市公司股东的净资产 1,392,633,367.77 1,426,015,821.59 -2.34 年初至报告期末 上年初至上年报 告期末 比上年同期 增减(%) 经营活动产生的现金流量净额 ...

Financial Performance - The company's operating revenue for 2020 was ¥258.50 million, a decrease of 27.38% compared to ¥355.96 million in 2019[24]. - The net profit attributable to shareholders was -¥80.45 million, a decline of 579.58% from a profit of ¥16.78 million in the previous year[26]. - The basic earnings per share for 2020 was -¥0.16, down 633.33% from ¥0.03 in 2019[25]. - The total assets increased by 25.77% to ¥2.16 billion at the end of 2020, compared to ¥1.72 billion at the end of 2019[24]. - The net assets attributable to shareholders rose by 42.05% to ¥1.43 billion, up from ¥1.00 billion in 2019[24]. - The cash flow from operating activities was -¥74.45 million, worsening from -¥30.14 million in 2019[24]. - The company reported an increase in impairment losses of ¥89.04 million due to new financial instrument standards and revenue recognition standards[26]. - The weighted average return on equity decreased by 8.47 percentage points to -8.45% in 2020[25]. - The company achieved operating revenue of RMB 258.50 million in 2020, a decrease of 27.38% compared to the previous year[58]. - The net profit attributable to shareholders was a loss of RMB 80.45 million, representing a decline of 579.58% year-on-year[58]. - Operating costs decreased by 14.74% to RMB 245.36 million, primarily due to the impact of the COVID-19 pandemic and increased market competition[60]. Corporate Governance - The company has provided a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm[9]. - The company’s board of directors and management guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not violated decision-making procedures for providing guarantees to external parties[6]. - The company has not faced any issues related to the suspension or termination of its listing status[139]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[137]. - The company has committed to not infringe on its operational management activities and will not misappropriate company interests[133]. - The company has maintained a good integrity status with no unfulfilled court judgments or significant overdue debts[142]. - The company has no significant related party transactions or changes in related party transactions during the reporting period[144]. - The company has no significant contracts or performance issues reported during the year[147]. Strategic Initiatives - The company is focusing on strategic transformation, expanding into ecological construction, planning and design, ecological tourism, and environmental technology sectors[37]. - The company aims to establish a full industry chain in ecological tourism, including planning, development, and operation of tourism projects[37]. - The company is actively participating in ecological restoration and environmental governance projects, aligning with national ecological civilization construction policies[105]. - The company is expanding into rural ecological environment governance as a new business area, leveraging its traditional advantages in landscaping[106]. - The company plans to enhance its capital strength and risk resistance through diversified development in ecological construction and related sectors[57]. - The company is implementing a multi-channel financing strategy to alleviate funding pressures and ensure project financing is secured[113]. - The company is focusing on integrating planning and design resources to support its main business and enhance project delivery capabilities[111]. - The company plans to upgrade its landscaping engineering business to an ecological construction segment and enter the ecological tourism and environmental protection fields, facing risks of decreased market share and profitability during the transition[117]. Market Position and Competition - The landscape industry is facing intense competition with many small-scale enterprises, leading larger companies to adjust their business structures or pursue acquisitions for transformation[46]. - The company is focusing on expanding its business in municipal engineering, urban landscape, and river governance under the backdrop of increased local infrastructure investment[56]. - The company has established a full industry chain business model integrating technology research and development, seedling planting and maintenance, landscape design, and engineering construction[51]. - The company has been recognized as a national high-tech enterprise and has received multiple awards for its projects, including first-class awards from the China Landscape Architecture Society[51]. - The company is considering leveraging capital market financing channels to overcome funding shortages and support its development[118]. Investment and Financing - The company raised a total of RMB 510 million through a private placement of shares to support large engineering projects[53]. - The company completed a non-public stock issuance, raising a total of CNY 510 million to support large-scale engineering projects[82]. - The company has established new banking partnerships with Nanjing Bank and Shenzhen Huarong Factoring, while maintaining existing relationships with banks such as Beijing Bank and Ping An Bank[82]. - The company has a significant capital requirement for landscaping projects, leading to cash flow tightness and slow capital turnover, which may affect the ability to undertake new projects[118]. - The company is investing 50 million in R&D for new technologies aimed at improving operational efficiency[129]. Future Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[129]. - The company plans to enhance its digital marketing strategy, with a budget increase of 20% to improve customer engagement[196]. - The company has set a performance guidance of 1.5 billion in revenue for the next fiscal year, reflecting a 25% increase[129]. - The management emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[129]. - The company plans to expand its market presence in Asia, targeting a 25% increase in market share by the end of 2024[129]. Shareholder Information - The company has no controlling shareholder, with Yang Jing and Hui Quanfu being the actual controllers[184]. - The company has a strategic investment agreement with Handan Hexin Equity Investment Fund, effective from December 18, 2020, to June 18, 2021[182]. - The total number of shares held by the top ten shareholders with lock-up conditions is significant, indicating a strong commitment from major investors[181]. - The company reported a cash dividend distribution in 2019, with a total share capital of 500,000,000 shares as of December 31, 2019[122]. - The company is committed to protecting the rights of minority shareholders through its cash dividend policy, adhering to relevant regulations[121].

Financial Performance - Operating revenue for the first nine months was CNY 162,726,797.23, representing a decline of 27.49% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 16,915,967.22, a decrease of 223.55% compared to the same period last year[5] - The weighted average return on net assets was -1.00%, down by 2.36 percentage points from the previous year[5] - Basic and diluted earnings per share were both -CNY 0.03, reflecting a 200% decrease year-on-year[5] - Net profit for the period was -¥17,087,319.10, a decrease of 185.19% compared to ¥20,057,834.75 in the same period last year, attributed to a decline in revenue and gross margin[16] - Total operating revenue for Q3 2020 was ¥49,918,804.81, a decrease of 32.2% compared to ¥73,663,003.97 in Q3 2019[33] - The company reported a net loss of ¥4,754,742.61 due to credit impairment losses in Q3 2020[33] - The net profit for Q3 2020 was a loss of ¥6,048,151.38, compared to a profit of ¥6,226,052.14 in Q3 2019, marking a significant decline[35] - The total profit for Q3 2020 was a loss of ¥6,791,203.22, down from a profit of ¥6,567,434.04 in Q3 2019[35] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -CNY 177,189,451.16, compared to -CNY 44,016,103.78 in the same period last year[5] - Cash and cash equivalents decreased by 88.48% to ¥25,701,693.28 from ¥223,134,167.07 due to lower receipts and refunds of performance guarantees[12] - Total cash inflow from operating activities for the first three quarters of 2020 was CNY 238,024,037.04, a decrease of 19.5% compared to CNY 295,986,741.14 in the same period of 2019[45] - Net cash flow from operating activities for the first three quarters of 2020 was -CNY 95,667,170.16, slightly worse than -CNY 95,497,550.47 in the same period of 2019[45] - Cash inflow from financing activities was CNY 120,000,000.00, an increase from CNY 111,748,007.05 in the previous year[46] - The ending balance of cash and cash equivalents was CNY 21,012,556.83, significantly lower than CNY 87,065,923.87 at the end of the same period in 2019[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,700,190,466.99, a decrease of 1.14% compared to the end of the previous year[5] - The company's total liabilities decreased to CNY 706,160,092.88 from CNY 712,871,688.84 in the previous year[27] - The total current assets as of September 30, 2020, were CNY 1,389,423,519.53, slightly down from CNY 1,413,119,777.19 at the end of 2019[25] - Total liabilities for Q3 2020 were ¥755,987,873.98, compared to ¥744,944,334.66 in Q3 2019, reflecting an increase of 1.4%[30] - The company's total assets impairment loss for Q3 2020 was ¥13,643,814.50, compared to ¥22,047,052.13 in Q3 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,283[9] - The largest shareholder, Yang Jing, held 34.64% of the shares, amounting to 173,220,000 shares, which are pledged[9] - The second-largest shareholder, Hui Quanfu, held 18.96% of the shares, amounting to 94,776,639 shares, with some shares also pledged[9] Investments and Future Plans - The company plans to invest approximately CNY 20 billion in the Fujian Yongtai Forest Health and Wellness Town project, which is currently under development[19] - The company has signed a framework agreement for a CNY 26 billion investment in the Xianfeng Leisure Tourism Resort project, which is in the planning stage[20] - The company is actively pursuing a non-public stock issuance to enhance its financial structure and capital strength[20] Revenue Recognition and Accounting Changes - The company adopted new revenue recognition standards starting January 1, 2020, impacting the classification of contract assets and liabilities[51] - The company recognized non-operating income of CNY 1,512,262.44 for the year-to-date, down from CNY 2,417,492.43 in the previous year[8] - Contract liabilities amounted to ¥322,187,570.04, reflecting the implementation of new revenue recognition standards[13]

Financial Performance - The company reported a revenue of CNY 112.81 million for the first half of 2020, a decrease of 25.63% compared to CNY 151.68 million in the same period last year[19]. - The net profit attributable to shareholders was CNY -10.91 million, a decline of 186.20% from CNY 12.66 million in the previous year[19]. - The basic earnings per share were CNY -0.02, down from CNY 0.03 in the same period last year, representing a decrease of 166.67%[18]. - The weighted average return on equity was -1.09%, a decrease of 2.34 percentage points compared to 1.25% in the previous year[18]. - The net cash flow from operating activities was CNY -81.34 million, a decrease of 242.68% from CNY 57.01 million in the previous year[19]. - The gross profit margin for the period was 15.38%, down 8.29% from the previous year, primarily due to increased project costs and intensified competition[20]. - The company achieved operating revenue of 112.81 million yuan, a decrease of 25.63% compared to the same period last year[44]. - The net profit attributable to the parent company was -10.91 million yuan, a decrease of 186.2% year-on-year[44]. - The gross profit margin for the reporting period was 15.38%, down 8.29% year-on-year, resulting in a gross profit reduction of ¥9.35 million and a net profit decrease of ¥7.95 million[49]. - The company reported a significant decrease in cash and cash equivalents, down 79.19% to approximately ¥48.09 million compared to ¥231.03 million in the previous year[51]. Assets and Liabilities - The company's total assets decreased by 5.33% to CNY 1.63 billion from CNY 1.72 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 0.70% to CNY 996.87 million from CNY 1.00 billion at the end of the previous year[19]. - The total assets at the end of the reporting period included contract assets of approximately ¥851.77 million, accounting for 52.31% of total assets[52]. - The total liabilities decreased to CNY 674,486,211.04 from CNY 744,944,334.66 year-over-year[102]. - Current liabilities totaled CNY 644,486,211.04, down from CNY 714,944,334.66 in the previous year[102]. - The total equity attributable to shareholders was CNY 947,113,334.65, down from CNY 956,088,087.02[102]. Business Operations and Strategy - The company’s main business includes landscape engineering construction and design, forming a full industry chain model[26]. - The company is upgrading its business segments to include ecological construction, planning and design, and ecological tourism[27]. - The company has engaged in strategic transformation, focusing on municipal greening, ecological restoration, and landscape design[27]. - The company plans to expand into the energy-saving and environmental protection sector through a stake in Han Yao Environmental Protection[27]. - The company has actively sought to expand its market presence by establishing subsidiaries in various regions, including Beijing, Anhui, and Sichuan[40]. - The company is focused on ecological construction, environmental governance, and comprehensive tourism as its main transformation directions[36]. - The company has implemented a management system upgrade to improve operational efficiency and enhance management quality[42]. Challenges and Risks - The company faced challenges in project execution due to the COVID-19 pandemic, leading to delays in project resumption and revenue decline[19]. - The company reported an increase in accounts receivable due to delayed project settlements, impacting net profit negatively by CNY 10.06 million[20]. - The company faces risks related to high accounts receivable and inventory ratios, which may affect cash flow and project settlement efficiency[61]. - Management risks are anticipated due to the expansion of business areas and the need for improved management efficiency and talent acquisition[63]. Compliance and Governance - The company has committed to not engaging in competitive business activities with its subsidiaries since October 2012[69]. - The company guarantees to cover any penalties or losses related to employee social insurance or housing fund contributions[69]. - The company has a structured plan for compliance with regulatory requirements regarding employee benefits[69]. - The company appointed Zhongshun Zhonghuan Accounting Firm as the auditor for the 2020 fiscal year on May 22, 2020[72]. - The company is involved in a significant lawsuit regarding a construction contract dispute, with the first court hearing held on November 26, 2019, and no judgment made as of the announcement date[73]. Financial Reporting and Accounting Policies - The company has implemented new revenue recognition standards starting January 1, 2020, affecting its accounting policies[80]. - The financial statements are prepared based on the assumption of going concern, supported by the group's recent profitable operations and financial resources[135]. - The group adheres to specific accounting policies and estimates related to bad debt provisions, construction contract cost estimates, fixed asset classification, and revenue recognition[136]. - The company recognizes revenue from service transactions based on the percentage of completion method when the outcome can be reliably estimated[199]. - The company recognizes contract liabilities for advance payments received from customers for goods or services to be provided[193]. Shareholder Information - The company had a total of 22,851 ordinary shareholders at the end of the reporting period[86]. - The top shareholder, Yang Jing, holds 173,810,220 shares, representing 34.76% of the total shares[88]. - The second-largest shareholder, Hui Quanfu, holds 99,985,687 shares, accounting for 20.00% of the total shares[88]. - The company has reported no changes in its share capital structure during the reporting period[85]. - The company has a lock-up period for shareholders, allowing a maximum of 10% of their total shares to be sold each year after the lock-up expires[70].