Financial Performance - Operating revenue for the first quarter was RMB 90,349,699.94, representing a growth of 26.16% year-on-year [6]. - Net profit attributable to shareholders was RMB 8,591,386.93, a significant increase of 294.80% compared to the same period last year [6]. - Basic earnings per share rose to RMB 0.08, reflecting a growth of 166.67% year-on-year [6]. - Operating profit rose to ¥10,165,361.75 compared to ¥3,902,738.26 in the previous period, marking an increase of about 160.5% [24]. - Net profit attributable to shareholders reached ¥8,591,386.93, up from ¥2,176,125.29, reflecting a growth of approximately 295.5% [25]. - Total operating revenue increased to ¥90,349,699.94 from ¥71,615,572.10, representing a growth of approximately 26.1% year-over-year [24]. Assets and Liabilities - Total assets reached RMB 1,501,408,025.80, an increase of 11.64% compared to the end of the previous year [11]. - The company's total liabilities amounted to RMB 76,382,420.00, an increase of 23.62% from the beginning of the year [11]. - Total liabilities increased to ¥763.82 billion, up from ¥617.88 billion, representing a growth of approximately 23.6% year-over-year [19]. - Current liabilities totaled ¥522.42 billion, compared to ¥426.22 billion, reflecting an increase of about 22.6% [19]. - Non-current liabilities rose to ¥241.40 billion from ¥191.66 billion, marking an increase of approximately 25.9% [19]. - Total assets increased to ¥1,501,408,025.80 from ¥1,344,810,441.60, reflecting growth in both current and non-current assets [18]. Cash Flow - The net cash flow from operating activities was negative at RMB -114,573,272.02, worsening from RMB -48,113,903.22 in the previous year [6]. - Cash inflow from operating activities totaled ¥101,103,130.78, compared to ¥76,182,209.82 in the previous period, indicating a growth of approximately 32.8% [30]. - The net cash flow from operating activities was negative at -¥114,573,272.02, worsening from -¥48,113,903.22 year-over-year [30]. - Cash outflow for purchasing goods and services was CNY 103,702,911.16, significantly higher than CNY 47,957,597.07 in the previous year, indicating increased operational costs [33]. - The ending cash and cash equivalents balance decreased to CNY 56,835,776.44 from CNY 257,386,108.60, a drop of approximately 77.9% [33]. Shareholder Information - The total number of shareholders reached 14,919, indicating a broadening of the shareholder base [9]. - The top ten shareholders collectively hold 60.00% of the shares, indicating concentrated ownership [9]. Investments and Expenses - The company reported a significant increase in sales expenses by 66.34% to ¥4,185,934.42, attributed to market expansion efforts [13]. - The company reported a significant increase in prepayments, rising to ¥7.61 million from ¥3.57 million, an increase of approximately 112.5% [20]. - Investment activities resulted in a net cash outflow of ¥84,375,713, a significant increase of 457.04% compared to the previous year [14]. - The company plans to acquire 60% of Jiangsu Nanzi Environmental Protection Co., Ltd. for ¥252,000,000, with a deposit of ¥25,200,000 already paid [14].

Financial Performance - The company's operating revenue for 2017 was CNY 529,293,695.62, representing a 29.37% increase compared to CNY 409,142,827.28 in 2016[23] - The net profit attributable to shareholders of the listed company for 2017 was CNY 62,191,922.49, which is a 33.03% increase from CNY 46,751,331.31 in 2016[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 59,016,991.40, up 33.80% from CNY 44,108,700.67 in 2016[23] - Basic earnings per share for 2017 was ¥0.65, a 6.56% increase from ¥0.61 in 2016[25] - The diluted earnings per share also stood at ¥0.65, consistent with the basic earnings per share[25] - The net profit attributable to shareholders for Q4 2017 was ¥32,660,780.42, with total revenue for the quarter at ¥220,636,506.96[27] - The company reported a net cash flow from operating activities of -¥69,715,449.72 for the year[27] - The company's operating revenue reached RMB 529.29 million, reflecting a year-on-year growth of 29.37%, while net profit increased by 30.10% to RMB 62.94 million[63] Cash Flow and Investments - The net cash flow from operating activities was negative CNY 153,716,523.40, a decrease of 256.94% compared to a positive cash flow of CNY 97,945,684.99 in 2016[23] - The company’s investment activities generated a net cash outflow of RMB 173.05 million, indicating significant investment in growth initiatives[65] - Net cash outflow from investing activities increased by 245.70% compared to the same period last year, mainly due to increased investments in joint ventures and higher expenditures on operational projects[80] - Net cash inflow from financing activities grew by 2207.92% year-on-year, primarily due to funds raised from the initial public offering and an increase in indirect financing[80] Assets and Liabilities - The net assets attributable to shareholders reached ¥716,696,529.64, an increase of 65.39% compared to the end of 2016[24] - Total assets amounted to ¥1,344,810,441.60, reflecting a growth of 65.41% from the end of 2016[24] - The company's accounts receivable increased by 49.50% to approximately CNY 247.45 million, primarily due to increased revenue[52] - Inventory surged by 259.56% to approximately CNY 218.77 million, attributed to the rise in EPC service business volume and uncompleted project amounts[52] - Long-term receivables rose by 185.10% to approximately CNY 126.39 million, mainly due to new investments in TOT projects[52] Business Operations - The company focuses on urban sewage treatment, industrial wastewater treatment, and comprehensive environmental governance as its main business areas[32] - The company aims to enhance market share through investments and acquisitions in the rapidly growing environmental protection industry[38] - The company has signed contracts for 29 operational projects, including 20 urban sewage treatment projects and 8 industrial wastewater treatment projects, enhancing its operational service model[42] - The company is positioned to capitalize on the increasing demand for environmental governance in small and medium-sized cities, which are a focus for ecological improvement[42] - The company aims to enhance its comprehensive environmental service capabilities through systematic solutions across various sectors, including urban sewage and sludge treatment[43] Research and Development - The company has a total of 52 patented technologies and 14 software copyrights, showcasing its commitment to technological innovation[57] - The company’s R&D expenditure increased by 37.20% to RMB 14.82 million, reflecting its focus on innovation and technology development[65] - The company's total R&D investment was CNY 14,815,218.23, representing 2.80% of total revenue, focusing on technologies related to sewage and sludge treatment[77] - The company recognizes the importance of collaboration with research institutions and universities to address industry challenges and enhance its technological capabilities[132] Market and Competitive Landscape - The environmental industry is expected to continue its rapid growth, driven by government policies and increasing ecological demands, providing significant investment opportunities[46] - The company faces competitive disadvantages primarily due to rapid development leading to insufficient funds, requiring strong financial capabilities for large-scale projects[89] - The company faces intensified competition in urban sewage treatment and industrial wastewater management, with increasing participation from state-owned enterprises and private capital in the sector[134] Shareholder and Dividend Policies - The company emphasizes a stable profit distribution policy, prioritizing cash dividends while considering sustainable development and investor returns[142] - The company implemented a cash dividend policy, distributing at least 10% of the annual distributable profits in cash[146] - In 2017, the company distributed a cash dividend of 1 RMB per 10 shares, totaling 10,333,600 RMB, which represents 16.89% of the net profit attributable to ordinary shareholders[149] - The company plans to maintain a minimum cash dividend payout ratio of 80% for mature stages without significant capital expenditure[147] Compliance and Governance - The audit report for the financial statements was issued with a standard unqualified opinion by Lixin Certified Public Accountants[4] - The company has committed to not engaging in any business that directly or indirectly competes with its own operations, ensuring no new investments or acquisitions in similar sectors[160] - The company has committed to ensuring that any benefits obtained from the equity incentive plan will be returned if false information is disclosed[162] - The company has not engaged in any major litigation or arbitration matters during the reporting period[168] Future Outlook - The company anticipates that the integration and restructuring within the environmental protection industry will become a trend, driven by national policies and market demands[125] - The company aims to strengthen its position in the industrial park wastewater treatment sector, which is a key focus area for environmental pollution control in the next three years[127] - The company plans to optimize market layout by consolidating existing advantageous regions while developing emerging areas such as Shanghai, Anhui, Guangdong, and Shanxi[129]

2017 年第三季度报告 2017 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人许国栋、主管会计工作负责人王海云及会计机构负责人（会计主管人员）王海云 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 公司代码：603903 公司简称：中持股份 中持水务股份有限公司 2017 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 二、 公司基本情况 2.1 主要财务数据 3 / 21 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 1,100,027,499.45 812,993,132.80 35.31 归属于上市公司 股东的净资产 682, ...

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 184,332,193.88, representing a 12.02% increase compared to RMB 164,547,880.65 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was RMB 13,974,902.58, a decrease of 15.92% from RMB 16,620,901.59 in the previous year[20]. - The net cash flow from operating activities was negative RMB 57,303,448.37, a significant decline of 424.66% compared to a positive RMB 17,650,294.14 in the same period last year[20]. - Basic earnings per share for the first half of 2017 were RMB 0.1559, down 29.14% from RMB 0.2200 in the same period last year[21]. - The company reported a decrease of 14.31% in net profit after deducting non-recurring gains and losses, amounting to RMB 12,793,773.14 compared to RMB 14,929,461.77 last year[20]. - The company reported a net profit attributable to shareholders of CNY 13.97 million, a decrease of 15.92% compared to the previous year[40]. - The company reported a net profit of 1.5 billion yuan for the first half of 2017, representing a year-on-year increase of 20%[64]. - The company reported a total profit of CNY -34,843.71, a significant decline from CNY 47,350,910.32 in the previous year[115]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,004,301,326.35, an increase of 23.53% from RMB 812,993,132.80 at the end of the previous year[20]. - The total liabilities decreased to ¥330,066,349.99 from ¥370,589,329.02, a reduction of approximately 10.9%[106]. - The equity attributable to the owners of the parent company increased to ¥666,883,272.24 from ¥433,330,070.04, showing a growth of around 54.0%[106]. - The company's total current assets reached ¥554,192,873.87, up from ¥443,940,313.07, indicating an increase of about 24.9%[104]. - The company's total liabilities decreased to ¥281,389,433.87 from ¥297,723,971.96 year-on-year[110]. - The company reported a significant increase in inventory, which rose to ¥94,224,341.74 from ¥60,843,159.06, representing a growth of approximately 54.8%[104]. Cash Flow and Investments - The operating cash flow net amount was CNY -57.30 million, a significant decline compared to CNY 17.65 million in the same period last year, primarily due to increased cash outflows for purchasing goods[41][42]. - The total cash inflow from financing activities reached 264,196,660.00 RMB, while cash outflow was 75,831,972.88 RMB, resulting in a net cash flow of 188,364,687.12 RMB[122]. - The company received CNY 253,021,860.00 from investment activities, a notable increase compared to CNY 45,000,000.00 in the previous year[119]. - The net cash flow from investing activities was -75,109,645.49 RMB, compared to a positive cash flow of 43,314,303.80 RMB in the previous period[122]. Business Operations and Strategy - The company has a diverse business model focusing on wastewater treatment operations, EPC services, and technology product sales, with no significant changes in major business activities during the reporting period[26]. - The company operates under various service models, including OM, ROT, BOT, and IES, to meet diverse customer needs in wastewater management[28]. - The company secured the PPP project for the Renqiu City East Sewage Treatment Plant, with an estimated total investment of CNY 86 million[39]. - The company plans to implement a rural-urban ecological complex model to integrate wastewater treatment facilities with surrounding environments[29]. - The company is focused on expanding its business market and ensuring the successful implementation of signed contracts in the second half of 2017[40]. Research and Development - R&D expenditures increased by 26.84% to CNY 6.20 million, reflecting the company's commitment to enhancing its technological capabilities[41][42]. - The company has developed 49 patented technologies and 14 software copyrights related to wastewater and sludge treatment, showcasing strong innovation capabilities[33]. - The company is committed to ongoing research and development in wastewater treatment technologies, aiming to enhance its service offerings and market competitiveness[133]. Shareholder and Capital Management - The company successfully raised a net amount of RMB 223,020,160.00 from its initial public offering, increasing its total share capital to 10,243.80 million shares[21]. - The board of directors approved a dividend payout of 0.5 yuan per share, reflecting a 10% increase from the previous year[64]. - The company has not proposed any profit distribution or capital reserve transfer for the half-year period[60]. - The company will publicly explain any failure to fulfill commitments regarding immediate return dilution at the shareholders' meeting and apologize to investors if losses occur[68]. Risks and Challenges - The company has not faced any significant risks that could materially affect its operations during the reporting period[5]. - The company faces risks from intensified market competition, particularly in the wastewater treatment sector, which could impact performance growth[53]. - There is a risk of core technical personnel turnover, which is critical for product innovation and project management[54]. - The company is experiencing seasonal revenue fluctuations, with most project revenues recognized in the second half of the year[54]. Compliance and Governance - The company has committed to avoid any form of related transactions with Zhongzhi Holdings, ensuring fair market principles are followed[75]. - The company has appointed Lixin Certified Public Accountants as the financial auditing institution for the 2017 fiscal year[76]. - The company has ensured that its controlling shareholders and actual controllers maintain good credit status without any overdue debts or unfulfilled commitments[76]. - The company has established a framework for compensating shareholders for any losses resulting from non-compliance with commitments[70].

一、 重要提示 2017 年第一季度报告 公司代码：603903 公司简称：中持股份 中持水务股份有限公司 2017 年第一季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2017 年第一季度报告 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 984,394,983.59 | 812,993,132.80 | 21.08 | | 归属于上市公司 | 660,206,394.96 | 433,330,070.04 | 52.36 | | 股东的净资产 | | | | | | 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 | -48,113,903.22 | -765,858.11 | -6,182.35 | | 现金流量净额 | | | | | | 年 ...