| 证券代码：603797 | 证券简称：联泰环保 | 公告编号：2023-038 | | --- | --- | --- | | 转债代码：113526 | 转债简称：联泰转债 | | 广东联泰环保股份有限公司 关于汕头市新溪污水处理厂二期项目合作运营单位 中标的公告 （五）中标价：委托运营服务单价投标下浮 1.88% 截止本公告披露日，本项目尚未正式签订合同，具体情况需以最终签署的正 式合同为准。公司将持续关注有关进展情况，及时履行信息披露义务。敬请广大 投资者注意投资风险。 特此公告。 广东联泰环保股份有限公司董事会 2023 年 10 月 7 日，汕头市城市建设监理有限公司网站（http://stscsjsjl.com/） 和中国招标投标公共服务平台（http://www.cebpubservice.com/）发布了《汕头市 新溪污水处理厂二期项目合作运营单位中标公告》，广东联泰环保股份有限公司 （以下简称"公司"）为该项目中标的中标人。 现将项目中标公示概况公告如下： （一）项目名称：汕头市新溪污水处理厂二期项目合作运营单位 （二）招标人：汕头市水务投资有限公司 （三）招标内容：招标人与中标人合作成 ...

2023年半年度报告 公司代码：603797 公司简称：联泰环保 转债代码：113526 转债简称：联泰转债 广东联泰环保股份有限公司 2023 年半年度报告 ...

| 证券代码：603797 | 证券简称：联泰环保 | 公告编号：2023-026 | | --- | --- | --- | | 转债代码：113526 | 转债简称：联泰转债 | | 广东联泰环保股份有限公司 关于召开2022年度业绩暨现金分红说明会的公告 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。 广东联泰环保股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日在 《中国证券报》《上海证券报》《证券时报》《证券日报》及上海证券交易所网站 （www.sse.com.cn）披露了公司 2022 年年度报告。 为了便于广大投资者更全面深入地了解公司 2022 年年度业绩、经营及分红 情况，进一步增进公司与广大投资者的沟通和交流，公司拟于 2023 年 6 月 9 日 （星期五）15:00-16:00 召开公司 2022 年度业绩暨现金分红网上说明会。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 6 月 9 日（星期五）15:00-16:00 （二）会议召开方式：网络文字互动方式 ● ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 349,490,397.55, representing a 19.10% increase compared to CNY 293,443,600.99 in the same period last year[2] - The net profit attributable to shareholders decreased by 9.19% to CNY 62,959,001.74 from CNY 69,328,993.03 year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 60,985,957.38, down 9.33% from CNY 67,260,259.15 in the previous year[2] - The basic earnings per share for Q1 2023 was CNY 0.11, a decrease of 8.33% from CNY 0.12 in the same period last year[4] - Net profit for Q1 2023 was CNY 66,374,016.18, a decrease of 11.9% from CNY 75,339,343.01 in Q1 2022[37] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 10,288,883,141.98, reflecting a 0.77% increase from CNY 10,253,008,592.63 at the end of the previous year[4] - The total liabilities decreased to CNY 7,124,584,464.06 from CNY 7,249,236,721.58, a reduction of CNY 124,652,257.52[7] - Total liabilities increased to CNY 7,260,001,523.65 from CNY 7,249,236,721.58, indicating a rise of 0.1%[34] - As of March 31, 2023, the company's total current assets amounted to RMB 1,741,094,841.49, an increase from RMB 1,689,708,617.40 at the end of 2022, reflecting a growth of approximately 3.0%[30] Cash Flow - The net cash flow from operating activities was negative at CNY -34,335,920.01, an improvement from CNY -93,614,066.13 in the same period last year[2] - The company's cash flow from operating activities for Q1 2023 showed a significant increase, reflecting improved operational efficiency[40] - In Q1 2023, the cash inflow from operating activities was CNY 262,840,888.44, an increase of 7.3% compared to CNY 244,333,441.93 in Q1 2022[43] - The net cash flow from financing activities decreased by 117.07%, reflecting a reduction in bank loan funding compared to the same period last year[19] - The total cash and cash equivalents at the end of Q1 2023 were CNY 489,531,384.60, down from CNY 945,821,216.83 at the end of Q1 2022[45] Investments and Acquisitions - The company completed the acquisition of 100% equity in Shenzhen Lian Tai Industrial Development Co., Ltd. for a total cash consideration of CNY 85,213,600[5] - The company also acquired stakes in Shantou Tianhui Health Biotechnology Co., Ltd. for a total of RMB 8,521,360[26] - The company raised approximately ¥1.37 billion through borrowings, which is an increase of ¥40 million compared to the previous period[15] Operating Costs and Expenses - Operating costs for Q1 2023 were CNY 265,670,666.19, up from CNY 211,362,606.84 in Q1 2022, reflecting a growth of 25.7%[35] - Operating costs rose by 33.26%, primarily due to the operational costs associated with the Shantou West District project and increased costs from higher sales of industrial-grade mixed oil[19] - Research and development expenses for Q1 2023 were CNY 1,769,265.16, up from CNY 1,390,352.18 in Q1 2022, indicating a focus on innovation[37] - The company incurred CNY 71,566,100.18 in other operating cash payments, a significant increase from CNY 15,409,606.91 in the same quarter last year[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,517[21] - The largest shareholder, Guangdong Lian Tai Group Co., Ltd., holds 44.60% of the shares, amounting to 260,517,371 shares[22] Other Income and Expenses - The company reported a significant increase in other income, which rose to approximately ¥40.02 million, up from ¥14.77 million, representing a growth of 170.5%[10] - Other income grew by 45.85%, mainly due to an increase in VAT input tax credits compared to the previous year[19] - The company recorded a total of 4,040,102.11 in government subsidies recognized in the current period, closely related to normal business operations[17]

Financial Performance - The company's operating revenue for 2022 was CNY 981,638,139.67, representing a 25.04% increase compared to CNY 785,047,827.70 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 267,672,927.16, a decrease of 11.79% from CNY 303,448,494.46 in 2021[22]. - The net cash flow from operating activities for 2022 was CNY -19,170,895.38, an improvement from CNY -76,215,235.15 in 2021[22]. - The total assets at the end of 2022 were CNY 10,063,984,175.17, a 3.09% increase from CNY 9,762,198,639.35 at the end of 2021[22]. - The company's net assets attributable to shareholders increased by 4.00% to CNY 2,812,552,694.09 at the end of 2022[22]. - Basic earnings per share for 2022 were CNY 0.46, down 22.03% from CNY 0.59 in 2021[23]. - The weighted average return on equity decreased to 9.78% in 2022, down 3.80 percentage points from 13.58% in 2021[23]. - The increase in operating revenue was primarily due to the commercial operation of several projects, including Shantou Chaonan and Chaoguan projects[24]. - The decrease in net profit was attributed to increased operating costs and delayed receivables from wastewater treatment services[24]. - The company achieved a total operating revenue of RMB 981 million in 2022, representing a year-on-year growth of 25.04%[33]. - The net profit attributable to shareholders was RMB 268 million, a decrease of 11.79% year-on-year, while the net profit after deducting non-recurring gains and losses was RMB 256 million, down 4.13% year-on-year[33]. Operational Capacity and Projects - The company has subsidiaries including Changsha LianTai and Shaoyang LianTai, which contribute to its operational capacity[10]. - The company has a wastewater treatment project in Changsha with a designed processing capacity of 300,000 tons per day, expanding to 450,000 tons per day after upgrades[10]. - The company has subsidiaries involved in various water treatment projects, enhancing its market presence[10]. - The company completed the acquisition of minority stakes in three water service companies for a total of RMB 173.77 million, enhancing operational efficiency[34]. - The company has completed the construction and acceptance of all projects, with multiple wastewater treatment facilities entering commercial operation between January 2022 and January 2023[36]. - The company has built and put into operation a total of 15 sewage treatment plants and 129 decentralized sewage treatment stations, with a total treatment capacity of 1.2825 million tons per day for sewage treatment plants and 24,800 tons per day for decentralized stations[54]. - The total length of the sewage collection network constructed and operated by the company is approximately 932 kilometers, with 830 kilometers already in operation, and 12 intermediate pumping stations operational, providing a total lifting capacity of 913,000 tons per day[54]. - The company has achieved a total sewage treatment capacity of 1.3073 million tons per day as of December 31, 2022[53]. - The company is focused on expanding its market presence through investments in sewage treatment and environmental protection services[106]. - The company is actively involved in the construction and operation of multiple PPP projects related to sewage treatment across various regions[107]. Risk Management and Compliance - There are no significant risks that materially affect the company's production and operations during the reporting period[6]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company has outlined potential risks in its future development discussions within the report[6]. - The company has established a comprehensive risk control system during construction and operation periods, including insurance plans, to mitigate risks associated with rapid development[125]. - The company has implemented a standardized human resources management process, ensuring all employees are hired through formal procedures and contracts[129]. - The company has established a comprehensive monitoring system for pollutant discharge, enhancing operational transparency[173]. - The company has reported a consistent reduction in pollutants such as total nitrogen and ammonia nitrogen in treated wastewater[180]. - The company is committed to maintaining compliance with the GB18918-2002 standards for urban wastewater treatment plants[182]. Governance and Management - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[7]. - The company has revised its governance structure and internal regulations to enhance corporate governance and operational efficiency[33]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 2.8963 million yuan[134]. - The company has a total of 12 directors and senior management members listed, with a combined remuneration of 2.8963 million yuan[134]. - The board of directors held five meetings during the year, with no instances of directors failing to attend consecutively[145]. - The audit committee convened four times to review key financial documents, including the annual profit distribution plan and quarterly reports[153]. - The strategic committee met twice to discuss significant projects, including the acquisition of equity in three project companies and investment adjustments for wastewater treatment facilities[149]. - The company has established a performance evaluation mechanism for senior management, ensuring fair and reasonable compensation based on annual performance[166]. Environmental Commitment - The company has been recognized for its social responsibility efforts, receiving awards for contributions to rural revitalization and charitable activities in Shantou City[38]. - The wastewater treatment industry is expected to see significant growth, with national plans aiming for a 70% urban wastewater collection rate and a 95% treatment rate in county-level cities by 2025[43]. - The company is committed to sustainability and environmental protection, aligning with national policies on water resource management[176]. - The company has implemented carbon reduction measures, resulting in a decrease of 5,503 tons of carbon dioxide equivalent emissions[196]. - The company has established environmental self-monitoring plans in accordance with national regulations to ensure effective pollution source monitoring[188]. - The company is actively engaged in upgrading and expanding its wastewater treatment capacity to meet increasing demand[181]. - The company has successfully implemented pollution prevention measures across its facilities, contributing to improved environmental performance[180]. Future Outlook and Strategy - The company provided a positive outlook for 2023, projecting a revenue growth of 20% based on new product launches and market expansion strategies[136]. - The company plans to invest in new technologies for pollution prevention and control, with a budget allocation of 10,000.00 million for wastewater treatment technology services[109]. - The company aims to enhance its core competitiveness by integrating its environmental protection main business and diversifying into related industries, forming a vertical value chain in environmental project investment, design, construction, and operation management[118]. - The company is focused on optimizing its management structure and enhancing talent development to support its growth strategy[120]. - The company aims to enhance its management model to better support cross-regional development and resource allocation[36]. - The company is actively exploring financing options, including green bonds, to support its environmental infrastructure projects[115].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 254,887,058.37, representing a year-on-year increase of 27.25%[3] - The net profit attributable to shareholders for the same period was CNY 79,918,435.78, reflecting a growth of 17.72% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 77,160,573.64, which is an increase of 13.83% year-on-year[3] - The company reported a year-to-date operating revenue of CNY 733,185,790.90, which is up 29.37% from the same period last year, driven by several projects entering commercial operation[3][9] - The year-to-date net profit attributable to shareholders reached CNY 215,776,265.46, marking an 18.68% increase year-on-year[3] - Total revenue for the first three quarters of 2022 reached ¥733,185,790.90, an increase from ¥566,731,161.15 in the same period of 2021, representing a growth of approximately 29.4%[25] - Operating profit for the first three quarters of 2022 was ¥257,578,547.80, compared to ¥230,168,135.68 in the previous year, indicating an increase of about 11.9%[26] - Net profit for the first three quarters of 2022 was ¥220,237,016.45, up from ¥188,032,851.00 in 2021, reflecting a growth of approximately 17.1%[26] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 10,065,827,407.59, showing a 3.11% increase from the end of the previous year[5] - Total assets as of the end of Q3 2022 amounted to ¥10,065,827,407.59, compared to ¥9,762,198,639.35 at the end of Q3 2021, showing an increase of about 3.1%[23] - Total liabilities increased to ¥7,182,953,922.50 in Q3 2022 from ¥6,769,107,401.84 in Q3 2021, marking a rise of approximately 6.1%[23] - Long-term borrowings rose to ¥5,174,327,296.99 in Q3 2022, compared to ¥4,980,291,775.97 in Q3 2021, indicating an increase of approximately 3.9%[23] - The company’s total equity decreased to ¥2,882,873,485.09 in Q3 2022 from ¥2,993,091,237.51 in Q3 2021, reflecting a decline of approximately 3.7%[23] Cash Flow - The cash flow from operating activities for the year-to-date was negative at CNY -70,544,277.42, primarily due to the receipt of VAT refunds[3][9] - In the first three quarters of 2022, the cash inflow from operating activities was CNY 692,576,656.09, an increase of 30.2% compared to CNY 532,225,771.45 in the same period of 2021[29] - The net cash flow from operating activities was -CNY 70,544,277.42, an improvement from -CNY 201,863,321.27 in the first three quarters of 2021[31] - The cash outflow for investing activities was CNY 267,557,231.81, significantly reduced from CNY 890,526,799.12 in the previous year[31] - The net cash flow from financing activities was CNY 130,424,834.04, a decrease from CNY 1,706,280,181.06 in the same period of 2021[33] - The total cash and cash equivalents at the end of the period were CNY 687,556,654.32, down from CNY 1,020,923,079.14 at the end of the third quarter of 2021[33] Operational Highlights - The company experienced a 46.72% increase in operating costs year-to-date, attributed to increased project operational scale and higher material and energy costs[9] - The company has ongoing projects such as the Changsha Yuelu Phase III expansion and several projects in Shantou, contributing to revenue growth[9] - The company received approval for the commercial operation of the sewage treatment plant project in Chao Yang District starting May 1, 2022[16] - The company’s subsidiary signed a supplementary agreement for the operation of the Changsha Yue Lu sewage treatment plant, indicating ongoing expansion in service contracts[19] Shareholder and Governance - The company plans to acquire equity stakes in three project companies for a total consideration of RMB 173.77 million, enhancing its market presence[16] - The company’s actual controllers hold a combined 100% stake through Guangdong Lian Tai Group, ensuring strong governance and strategic direction[15] - The company’s stock repurchase plan includes 7.89 million shares, representing 1.35% of the total share capital, reflecting a commitment to shareholder value[15] Inventories and Receivables - The company’s total current assets include inventory valued at RMB 8.44 million, an increase from RMB 5.45 million in the previous year[20] - Accounts receivable increased significantly to RMB 575.59 million, compared to RMB 196.36 million at the end of 2021, marking an increase of approximately 193%[20] Patent and Development - The company’s patent rights for three utility models were terminated, which may impact future product development strategies[16]

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with a total revenue of 500 million RMB, representing a 20% year-over-year growth[1]. - The company's operating revenue for the first half of 2022 was ¥478,298,732.53, representing a 30.53% increase compared to ¥366,431,894.77 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was ¥135,857,829.68, up 19.25% from ¥113,924,243.32 in the previous year[22]. - The net cash flow from operating activities improved significantly to ¥14,077,519.02, compared to a negative cash flow of -¥250,595,055.17 in the same period last year[22]. - The total assets of the company increased by 4.23% to ¥10,174,851,960.84 from ¥9,762,198,639.35 at the end of the previous year[22]. - The company's net assets attributable to shareholders decreased slightly by 0.77% to ¥2,683,316,214.26 from ¥2,704,261,486.07 at the end of the previous year[22]. - Basic earnings per share for the first half of 2022 were ¥0.23, down 8.00% from ¥0.25 in the same period last year[23]. - The weighted average return on equity decreased by 1.74 percentage points to 4.95% from 6.69% in the previous year[23]. - The company reported a total revenue of 914 million in the first half of 2022, reflecting a year-over-year increase of 15%[98]. - The company achieved a 100% compliance rate for wastewater discharge quality during the reporting period[2]. Market Expansion and Strategy - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% based on new project acquisitions and market expansion strategies[1]. - The company is expanding its market presence in southern China, targeting an additional 10 cities by the end of 2022[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 5%[1]. - The company plans to expand its market presence by entering three new provinces by 2024, targeting a 10% market share in each[98]. - A recent acquisition of a local competitor is expected to enhance operational efficiency and increase market share by 15%[99]. - The company is actively expanding its ecological environment governance business, including rural sewage treatment and urban black and odorous water body remediation[32]. Research and Development - The company has allocated 50 million RMB for research and development in the upcoming year to enhance its technological capabilities[1]. - New product development includes the launch of an advanced water purification technology expected to reduce operational costs by 30%[1]. - The company holds a total of 20 utility model patents and 2 invention patents, showcasing its core competitiveness in technological innovation[52]. - The company is investing 50 million in R&D for innovative water treatment solutions over the next two years[98]. Environmental and Sustainability Initiatives - The management highlighted a focus on sustainability initiatives, aiming for a 40% reduction in carbon emissions by 2025[1]. - The company aims to achieve compliance with the latest GB18918-2002 standards across all facilities by the end of 2023[99]. - The company has set a target to reduce total nitrogen emissions by 20% by the end of 2023, in line with environmental regulations[98]. - The company is committed to continuous improvement in its environmental performance through effective pollution control strategies[103]. - The company has established a comprehensive monitoring system for wastewater and gas emissions to ensure compliance with local and national standards[102]. Financial Management and Risks - There are no plans for profit distribution or capital increase during this reporting period, focusing instead on reinvestment into growth strategies[1]. - The company is facing risks related to the adjustment of wastewater treatment service prices, which could impact profitability if costs rise significantly without corresponding price adjustments[3]. - The company is prepared to negotiate price adjustments with government authorities if operational costs increase due to regulatory changes[7]. - The company is committed to maintaining a robust risk management framework to address potential impacts from natural disasters and other uncontrollable events[8]. - The company has outlined strategies to enhance internal controls and cost management to align with its growth trajectory[9]. Operational Capacity and Projects - As of June 30, 2022, the company has invested in and put into commercial operation a total of 14 sewage treatment plants with a total treatment capacity of 1.125 million tons per day and 111 decentralized sewage treatment stations with a total treatment capacity of 23,000 tons per day[31]. - The company has constructed approximately 932 kilometers of sewage collection pipelines, with 830 kilometers already in operation, and operates 12 intermediate pumping stations with a total lifting capacity of 913,000 tons per day[31]. - The company has successfully built and put into operation urban and rural sewage treatment projects with a total treatment capacity of 1.148 million tons per day as of June 30, 2022[50]. - The company operates 14 urban and rural sewage treatment projects and 111 decentralized sewage treatment stations, with a total sewage treatment capacity of 1.148 million tons per day[95]. Shareholder and Capital Structure - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period, with no dividends or stock bonuses planned[92]. - The total cash dividend distributed for the 2021 fiscal year was RMB 115.5 million, with a per-share distribution of RMB 0.2[131]. - The company has a total of 220,241,280 shares held by Guangdong Lian Tai Group Co., Ltd., representing a significant portion of the unrestricted circulating shares[145]. - The largest shareholder, Guangdong Lian Tai Group Co., Ltd., holds 260,517,371 shares, representing 44.60% of the total shares, with 40,276,091 shares under limited sale conditions[143]. Compliance and Reporting - The financial statements are prepared based on the going concern assumption[200]. - The company follows the accounting standards issued by the Ministry of Finance and relevant regulations for financial reporting[200]. - The financial reports comply with the disclosure requirements set by the China Securities Regulatory Commission[200]. - The company ensures the accuracy of financial data in its reports[200]. - The company is committed to transparency in its financial reporting practices[200].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 231,036,688.05, representing a year-on-year increase of 27.69%[5] - The net profit attributable to shareholders for the same period was CNY 68,120,281.96, reflecting a growth of 22.13% compared to the previous year[5] - The company reported a total revenue of RMB 260,517,371 for Q1 2022, representing a 44.60% increase compared to the previous period[10] - Net profit for Q1 2022 was CNY 72,853,515.60, a 26.8% increase from CNY 57,434,593.63 in Q1 2021[20] - Operating profit for Q1 2022 was CNY 84,731,086.38, compared to CNY 69,969,267.87 in Q1 2021, reflecting a growth of 21.1%[19] - Total operating costs for Q1 2022 were CNY 146,446,451.04, up from CNY 113,285,202.50 in Q1 2021, representing a 29.3% increase[19] Cash Flow - The net cash flow from operating activities was negative at CNY -93,614,066.13, a significant decline of 299.84% year-on-year[5] - In Q1 2022, the cash inflow from operating activities was $131,936,425.92, an increase from $115,488,995.88 in Q1 2021, representing a growth of approximately 14.5%[23] - The net cash flow from operating activities turned negative at -$93,614,066.13 in Q1 2022, compared to a positive $46,843,398.57 in Q1 2021[23] - Cash outflow from investing activities was $125,001,184.27 in Q1 2022, significantly lower than $775,744,685.80 in Q1 2021, indicating a reduction of approximately 83.9%[24] - The net cash flow from investing activities was -$123,501,184.27 in Q1 2022, compared to -$743,720,450.05 in Q1 2021, showing a decrease of about 83.4%[24] - Cash inflow from financing activities was $522,150,000.00 in Q1 2022, down from $1,168,898,500.00 in Q1 2021, a decline of approximately 55.3%[24] - The net cash flow from financing activities was $264,607,070.82 in Q1 2022, compared to $793,754,591.68 in Q1 2021, reflecting a decrease of about 66.7%[24] - The ending cash and cash equivalents balance increased to $940,695,627.48 in Q1 2022 from $503,347,437.18 in Q1 2021, marking an increase of approximately 86.7%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 10,068,950,279.01, an increase of 3.14% from the end of the previous year[6] - The company's total assets as of Q1 2022 amounted to CNY 10,068,950,279.01, an increase from CNY 9,762,198,639.35 in the previous year[17] - Total liabilities for Q1 2022 were CNY 7,039,860,239.10, up from CNY 6,769,107,401.84 in Q1 2021[17] - The company's equity attributable to shareholders was CNY 2,735,527,054.83, compared to CNY 2,704,261,486.07 in Q1 2021, showing a slight increase[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,366[9] - The company has repurchased a total of 5,840,696 shares, accounting for 1% of the total share capital, with a total expenditure of RMB 37,907,395.36[14] - The company's actual controllers are Huang Zhendai and his children, holding a combined 56.84% of the shares, ensuring stable governance[11] Operational Highlights - The company has successfully launched multiple wastewater treatment projects, including the rural sewage treatment project in Chaonan District, which commenced commercial operations on January 1, 2022[12] - Accounts receivable increased by 71.63% compared to the end of the previous year, primarily due to delayed payments from newly launched projects[7] - Operating costs rose by 41.26% year-on-year, mainly due to increased amortization expenses from new operational projects[7] - The company's inventory increased to RMB 8,223,938.97 from RMB 5,445,018.54, reflecting a growth in stock levels[15] - The company’s prepayments rose to RMB 5,821,346.56 from RMB 3,543,938.36, indicating increased advance payments for goods or services[15] - The company reported a credit impairment loss of CNY -1,684,357.60 in Q1 2022, indicating a potential area of concern[19] Research and Development - Research and development expenses for Q1 2022 were CNY 261,165.50, slightly up from CNY 249,352.38 in Q1 2021[19]

Financial Performance - The company's operating revenue for 2021 was CNY 785,047,827.70, representing a 30.05% increase compared to CNY 603,654,541.14 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 303,448,494.46, up 27.21% from CNY 238,532,365.05 in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 266,914,013.17, a 14.22% increase from CNY 233,692,749.30 in 2020[25]. - The company's total assets as of the end of 2021 were CNY 9,762,198,639.35, a 22.33% increase from CNY 7,980,003,432.22 at the end of 2020[25]. - The net assets attributable to shareholders increased by 64.27% to CNY 2,704,261,486.07 at the end of 2021 from CNY 1,646,243,085.35 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.59, an increase of 11.32% from CNY 0.53 in 2020[26]. - The diluted earnings per share for 2021 was CNY 0.56, up 7.69% from CNY 0.52 in 2020[26]. - The weighted average return on equity for 2021 was 13.58%, a decrease of 1.81 percentage points from 15.39% in 2020[26]. - The cash flow from operating activities showed a net outflow of CNY 76,215,235.15 in 2021, a significant decrease of 115.67% compared to a net inflow of CNY 486,331,187.36 in 2020[25]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, with no stock bonus or capital reserve conversion[5]. - The company has not proposed any capital reserve conversion into share capital in the profit distribution plan[5]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders during the reporting period[165]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The board of directors and senior management guarantee the authenticity and completeness of the annual report[8]. - The company has not faced any penalties from securities regulatory authorities in the past three years[149]. - The company has not reported any significant accounting errors or non-compliance issues during the reporting period[198]. - There were no non-operating fund occupations or guarantees reported by the controlling shareholder or related parties[197]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[9]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has detailed potential risks in the section discussing future development, urging investors to pay attention[9]. - The company emphasizes the importance of risk awareness in forward-looking statements regarding economic and industry developments[6]. - The company faces risks related to the adjustment of sewage treatment service prices, which could impact profitability if costs rise significantly without corresponding price adjustments[118]. - The company acknowledges the risk of increased market competition as more enterprises enter the sewage treatment industry due to policy support and lowered entry barriers[125]. Operational Highlights - The company has subsidiaries involved in various water treatment projects, indicating a broad operational scope[13]. - The company achieved operating revenue of RMB 785 million in the reporting period, representing a year-on-year increase of 30.05%[34]. - The company’s wastewater treatment projects maintained stable water quality and met operational standards throughout the year[34]. - New projects, such as the Shaoyang Jiangbei and Shaoyang Yangxi Bridge upgrades, commenced commercial operations during the reporting period[34]. - The company has built and put into operation 12 sewage treatment plants with a total treatment capacity of 1.11 million tons per day as of December 31, 2021[57]. - The company operates a total of approximately 932 kilometers of sewage collection pipelines, with 350 kilometers already in operation[57]. - The company has a sludge treatment project with a design capacity of 500 tons per day that has entered commercial operation[58]. Investment and Financing - The company successfully completed a non-public stock issuance, raising a net amount of RMB 814 million to enhance capital strength[34]. - The company completed a private placement of 134,253,637 shares, raising a total of approximately RMB 828.34 million, enhancing its capital strength and optimizing its asset structure[37]. - The company has established a cash dividend policy, distributing at least 10% of the annual distributable profit in cash if conditions are met[163]. - The company plans to actively broaden financing channels to meet the funding needs for project construction and ensure timely project completion[120]. Technological Innovation - The company has obtained a total of 2 invention patents and 20 utility model patents, with 5 utility model patents acquired in the current reporting period[44]. - The company is actively expanding its investment in environmental protection sectors, including non-precious metal catalysts for diesel engine exhaust treatment and integrated assembly of CDPF devices[40]. - The company is focusing on developing new technologies for wastewater treatment and environmental protection, which is expected to drive future growth[114]. - The company is committed to continuous research and development of new technologies and processes to enhance industrial wastewater treatment capabilities[117]. Environmental Compliance - The company has achieved a 100% compliance rate for effluent quality across all sewage treatment projects during the reporting period[119]. - The company has established a robust framework for monitoring and managing wastewater treatment processes across its facilities[171]. - The company has received multiple environmental assessment approvals for its projects, demonstrating its compliance with regulatory requirements and commitment to environmental protection[180]. - The company has established an environmental self-monitoring plan for key pollutant discharge units in accordance with national regulations[184]. Corporate Governance - The company has established a robust internal control management system to ensure compliance with governance regulations and maintain operational independence from its controlling shareholder[129]. - The company maintains a fully independent financial management system, with no personnel holding concurrent positions in controlling shareholders or related enterprises[133]. - The company operates independently in its core business of urban and rural sewage treatment, with no competition or unfair transactions with controlling shareholders[135]. - The total remuneration for senior management during the reporting period amounted to 3.41 million yuan[139]. - The company has implemented a performance evaluation mechanism for senior management, ensuring fair and reasonable compensation in line with company policies[166]. Social Responsibility - The company has invested over 7 million yuan in donations and materials in recent years, including a 3 million yuan donation to the Shantou Charity Association for poverty alleviation in June 2021[190]. - The company emphasizes social responsibility by supporting environmental education and has established several environmental education bases in Guangdong Province[191]. - The company is committed to enhancing its sewage treatment capacity and standards in response to increasing urban sewage treatment demands and government requirements[190].

Financial Performance - The company's operating revenue for the third quarter reached ¥200,299,266.38, representing a year-on-year increase of 29.64%[3] - The net profit attributable to shareholders was ¥67,889,003.11, with a slight increase of 1.44% compared to the same period last year[3] - The basic earnings per share decreased by 20.00% to ¥0.12, while diluted earnings per share fell by 21.43% to ¥0.11[3] - The weighted average return on equity decreased by 2.08 percentage points to 2.56%[3] - The company reported a total comprehensive income of ¥188,032,851.00 for the third quarter of 2021, compared to ¥174,370,630.69 in the same quarter of 2020, indicating an increase of about 7.8%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,828,695,918.77, reflecting a growth of 23.17% from the previous year[4] - Total liabilities reached ¥6,979,319,957.85 by the end of the third quarter of 2021, compared to ¥6,101,499,997.03 in the same period of 2020, indicating an increase of approximately 14.3%[16] - The equity attributable to shareholders increased by 55.98% year-on-year, reaching ¥2,567,855,529.86[4] - The company's total assets as of the end of the third quarter of 2021 amounted to ¥9,828,695,918.77, an increase from ¥7,980,003,432.22 at the end of the same quarter in 2020, representing a growth of about 23.1%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥201,863,321.27, a decline of 161.67% compared to the previous year[3] - Operating cash inflow for the first three quarters of 2021 was CNY 532,225,771.45, compared to CNY 472,013,507.70 in the same period of 2020, representing an increase of approximately 12.0%[24] - Net cash flow from operating activities for the first three quarters of 2021 was -CNY 201,863,321.27, a decrease from CNY 327,314,179.83 in 2020[24] - The net cash flow from investment activities for the first three quarters of 2021 was -CNY 889,963,677.63, compared to -CNY 1,526,397,728.00 in 2020, indicating an improvement[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,029[9] - Guangdong Lian Tai Group Co., Ltd. holds 44.60% of shares, making it the largest shareholder[9] - The actual controllers of the company are Huang Zhendai and his children, holding a combined 56.84% of shares[10] - The company has a total of 220,241,280 unrestricted circulating shares held by its largest shareholder[9] Operational Developments - The company plans to continue expanding its operational capacity and investing in new projects to drive future growth[7] - The company has completed the construction of the sewage treatment facilities, with commercial operations starting in February and September 2021[11] - The company received the China Environmental Service Certification, enhancing its operational credibility[11] Costs and Expenses - The company reported a significant increase in operating costs by 33.62% due to higher sludge treatment volumes and improved effluent standards[7] - Financial expenses for the third quarter of 2021 were ¥146,339,899.40, significantly higher than ¥96,570,233.06 in the same quarter of 2020, representing an increase of approximately 51.6%[20] - Research and development expenses for the third quarter of 2021 were ¥757,219.83, compared to ¥685,752.39 in the same quarter of 2020, showing an increase of approximately 10.4%[20]