Financial Performance - The company's operating revenue for Q1 2022 was CNY 63,696,691.50, representing a decrease of 21.71% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 3,029,658.58, down 76.84% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 2,057,655.41, a decline of 81.65% compared to the previous year[5]. - The net profit for Q1 2022 was CNY 5,273,394.37, a decrease of 62% compared to CNY 13,887,418.80 in Q1 2021[22]. - The operating profit for Q1 2022 was CNY 7,635,753.59, down 55.7% from CNY 17,219,846.29 in Q1 2021[22]. - The total operating costs for Q1 2022 were CNY 68,927,616.39, down from CNY 78,659,408.56 in Q1 2021, representing a reduction of approximately 12.4%[22]. - The company reported a total comprehensive income of CNY 5,232,100.17 for Q1 2022, significantly lower than CNY 13,802,414.84 in Q1 2021[23]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -118,187,387.28, a significant decrease of 939.23%[5]. - Cash flow from operating activities showed a net outflow of CNY 118,187,387.28 in Q1 2022, compared to a net inflow of CNY 14,082,826.05 in Q1 2021[27]. - The company incurred a net cash outflow from investing activities of CNY 30,896,154.61 in Q1 2022, compared to a larger outflow of CNY 80,345,046.11 in Q1 2021[27]. - The financing activities resulted in a net cash outflow of CNY 25,196,004.76 in Q1 2022, compared to an outflow of CNY 34,851,030.40 in Q1 2021[28]. - Total assets at the end of the reporting period were CNY 3,542,841,155.74, down 3.70% from the end of the previous year[6]. - Current assets totaled RMB 1,849,615,010.17 as of March 31, 2022, down from RMB 2,012,827,217.46 at the end of Q1 2021, reflecting a decrease of 8.1%[16]. - The company's cash and cash equivalents decreased to RMB 430,972,151.43 from RMB 592,546,066.19, representing a decline of 27.2%[16]. - Accounts receivable stood at RMB 450,152,150.92, a decrease of 8.4% from RMB 491,621,479.74 in the previous year[16]. - The company reported a decrease in inventory to RMB 38,870,871.76 from RMB 43,750,361.11, a decline of 11.5%[16]. - Total liabilities were RMB 1,741,628,835.64, down 7.5% from RMB 1,882,877,552.22 in Q1 2021[18]. - The company's total equity increased slightly to RMB 1,801,212,320.10 from RMB 1,795,980,219.93, reflecting a growth of 0.7%[18]. - Long-term receivables rose to RMB 1,330,128,107.57, an increase of 2.5% from RMB 1,303,434,603.58 in Q1 2021[17]. Research and Development - The company reported a significant decrease in research and development expenses by 35.79% due to reduced investment in R&D[10]. - Research and development expenses decreased to CNY 3,883,609.07 in Q1 2022 from CNY 6,048,464.08 in Q1 2021, a decline of about 35.9%[22]. - The company is investing $200 million in R&D for new technologies aimed at enhancing user experience and product efficiency[29]. Market and User Growth - The company reported a revenue of $5.2 billion for Q3 2023, representing a 15% year-over-year increase[29]. - User base grew to 150 million active users, up from 130 million in the previous quarter, indicating a 15% growth[29]. - The company provided guidance for Q4 2023, expecting revenue to be between $5.5 billion and $5.7 billion, reflecting a potential growth of 6% to 10%[29]. - New product launches contributed to a 20% increase in sales in the last quarter, with particular success in the smart home segment[29]. - Market expansion efforts in Europe resulted in a 25% increase in market share, now accounting for 30% of total sales[29]. - Customer retention rate improved to 85%, up from 80% in the previous quarter, showcasing better user engagement[29]. - The company plans to enter the Asian market, targeting a revenue contribution of $1 billion by the end of 2024[29]. Strategic Initiatives - The company completed a strategic acquisition of a smaller tech firm for $150 million, expected to enhance its product offerings[29]. - Operating margin improved to 18%, up from 15% in the previous quarter, indicating better cost management[29].

Financial Performance - The net profit attributable to the parent company for 2021 was CNY 58,617,687.86, with an undistributed profit balance of CNY 571,017,995.29 as of December 31, 2021[6]. - The company plans not to distribute profits for the 2021 fiscal year, considering its current operational development, cash flow situation, and future funding needs[6]. - The company's operating revenue for 2021 was ¥556.42 million, a decrease of 41.07% compared to ¥944.17 million in 2020[24]. - Net profit attributable to shareholders was ¥58.62 million, down 42.58% from ¥102.09 million in the previous year[24]. - Basic earnings per share decreased by 46.57% to ¥0.4319 from ¥0.8084 in 2020[25]. - The weighted average return on equity fell to 3.71%, a decrease of 3.37 percentage points from 7.08% in 2020[25]. - The net cash flow from operating activities was ¥23.05 million, down 25.83% from ¥31.08 million in 2020[24]. - Total assets increased by 1.77% to ¥3.68 billion compared to ¥3.61 billion at the end of 2020[24]. - The company reported a significant decline in net profit after deducting non-recurring gains, which was ¥47.53 million, down 53.25% from ¥101.66 million in 2020[24]. - The company achieved revenue of ¥556,420,186.50 in 2021, a decrease of 41.07% compared to the previous year[54]. - The net profit attributable to the parent company was ¥58,617,687.86, down 42.58% year-on-year[54]. - The total assets increased by 1.77% to ¥3,678,857,772.15, while net assets grew by 4.16% to ¥1,795,980,219.93[54]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[10]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not faced any violations of decision-making procedures regarding external guarantees[9]. - The company emphasizes risk control as a lifeline for development, implementing measures to accelerate cash flow and project payment collection[35]. - The company is facing economic pressures, including demand contraction and tightening financial policies, which may impact order acquisition[101]. - The company has a significant reliance on PPP and EPC projects, which may lead to financial risks due to long construction cycles and high capital requirements[103]. Strategic Initiatives - The company anticipates growth opportunities in the ecological landscape industry due to national strategic initiatives[31]. - The company plans to innovate and expand in line with national strategies to enhance growth potential[31]. - The company focuses on three major areas: urban renewal, rural revitalization, and ecological restoration, while strengthening cooperation with state-owned enterprises[34]. - The company is actively exploring digital transformation and has increased research on Landscape Information Modeling (LIM) technology, achieving initial success in practical applications[34]. - The company is exploring strategic adjustments and transformations that align with national strategies, particularly in urban renewal and rural revitalization[95]. - The company anticipates increased demand in the landscaping industry due to the government's focus on carbon neutrality and ecological governance[92]. - The company is leveraging technological advancements, including big data and AI, to enhance its competitive edge in ecological environment design and construction[94]. Operational Efficiency - The company initiated management reforms aimed at simplifying management and enhancing operational efficiency, fostering a collaborative environment[36]. - The company is enhancing its talent management system and establishing partnerships with universities to build a talent cultivation base[37]. - The company has implemented a comprehensive training program for employees to improve skills and support strategic goals[142]. - The company has a structured compensation system for its directors and senior management, with salaries based on position level and performance evaluations[126]. - The company emphasizes a performance evaluation mechanism for senior management to enhance efficiency and achieve business objectives[149]. - The company has established a strategic management model for subsidiaries, focusing on development direction, business strategies, and risk control[150]. Governance and Compliance - The company has received a standard unqualified audit report from Tianheng Accounting Firm[5]. - The company’s financial report has been declared true, accurate, and complete by its responsible persons[5]. - The company has maintained compliance with all relevant regulations and has not faced any penalties or corrective actions[172]. - The company has established a comprehensive governance structure ensuring fair treatment of all shareholders and timely information disclosure[160]. - The company has a long-term commitment to enhance sustainable returns and fill immediate return gaps[165]. - The company has established a commitment to comply with relevant regulations and to exercise shareholder rights equitably[166]. Shareholder Relations - The total number of shares held by the chairman, Luan Jianhong, remained unchanged at 27,156,862 shares, with a pre-tax compensation of 848,000 CNY[115]. - The total pre-tax compensation for all listed executives amounted to 6,785,000 CNY, with no changes in shareholdings during the reporting period[118]. - The company has not reported any new shareholding changes or stock options for its executives during the reporting period[115]. - The company has a cash dividend policy that prioritizes cash dividends over stock dividends, ensuring stable returns for shareholders[144]. - The company reported a positive profit available for distribution to shareholders but did not propose a cash dividend distribution plan due to the need for operational liquidity amid industry challenges[146]. - The company has committed to limiting the transfer of shares by directors and senior management to no more than 25% of their total shareholdings annually during their tenure[165]. Environmental and Social Responsibility - The company actively engaged in environmental protection, promoting low-carbon and eco-friendly practices, and did not face any administrative penalties for environmental issues[155]. - The company contributed over 18,000 protective items during the COVID-19 pandemic and supported local health initiatives[159]. - The company supports rural revitalization projects, improving local infrastructure and creating job opportunities for residents[162]. Financial Management - The company has not experienced any overdue uncollected amounts in its financial management activities[177]. - The company plans to use up to RMB 212 million of idle raised funds for cash management, focusing on safe and liquid investment products[178]. - The maximum investment period for cash management products is set at 12 months[178]. - The company approved the use of idle self-owned funds for investment management, with a total amount not exceeding RMB 600 million[178]. Audit and Internal Control - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[152]. - The company has established a robust internal control management system in compliance with regulations, enhancing decision-making efficiency and ensuring asset safety[150]. - The audit report for Daqian Ecological Environment Group Co., Ltd. indicates a standard unqualified opinion, reflecting fair presentation of financial status as of December 31, 2021[199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥106,578,818.81, a decrease of 54.33% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥3,362,605.83, down 84.93% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥3,447,433.36, a decline of 85.28% compared to the previous year[6] - The basic earnings per share for Q3 2021 was ¥0.0248, representing an 86.31% decrease year-on-year[7] - Total operating revenue for the first three quarters of 2021 was RMB 370,771,384.59, a decrease of 43.2% compared to RMB 653,215,580.02 in the same period of 2020[22] - The net profit for Q3 2021 was CNY 49,612,630.76, a decrease of 36.9% compared to CNY 78,466,625.51 in Q3 2020[23] - The total comprehensive income for Q3 2021 was CNY 49,009,451.89, a decrease of 37.5% compared to CNY 78,287,189.89 in Q3 2020[24] - The basic earnings per share for Q3 2021 was CNY 0.3082, down from CNY 0.5695 in Q3 2020, reflecting a decrease of 46%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,672,978,908.27, an increase of 1.61% from the end of the previous year[7] - Total assets as of September 30, 2021, were RMB 3,672,978,908.27, slightly up from RMB 3,614,826,441.91 at the end of 2020[20] - Total liabilities as of September 30, 2021, were RMB 1,898,298,944.16, a marginal increase from RMB 1,890,581,645.27 at the end of 2020[20] - Total liabilities reached $1.89 billion, down by $9.08 million compared to the last reporting period[31] - Shareholders' equity stood at $1.72 billion, unchanged from the previous period[32] Cash Flow and Management - The cash flow from operating activities was negative at -¥151,933,222.32 for the year-to-date period[7] - The company reported a net cash outflow from operating activities of CNY -151,933,222.32 for the first nine months of 2021, an improvement from CNY -173,076,845.12 in the same period of 2020[27] - Investment activities generated a net cash outflow of CNY -79,743,666.13 in the first nine months of 2021, compared to CNY -85,956,093.77 in the same period of 2020[28] - The company is focusing on improving cash flow management and reducing accounts receivable to enhance liquidity in the upcoming quarters[22] Operational Challenges - The decrease in revenue and profit was primarily due to a reduction in engineering construction volume during the reporting period[11] - The company reported a net profit margin decline due to reduced revenue and increased operational costs[22] - The company's management expenses increased to CNY 56,361,064.06 in Q3 2021, up from CNY 48,615,763.76 in Q3 2020, marking a rise of 15.9%[23] Shareholder Information - The top shareholder, Jiangsu Daqian Investment Development Co., Ltd., holds 30.78% of the shares, with 12,400,000 shares pledged[14] Inventory and Receivables - Cash and cash equivalents as of September 30, 2021, were RMB 448,894,239.41, a decrease of 18% from RMB 546,718,870.77 at the end of 2020[17] - Accounts receivable decreased to RMB 280,721,293.63 as of September 30, 2021, from RMB 382,388,853.59 at the end of 2020, representing a decline of 26.6%[17] - The company reported inventory levels at $38.76 million, reflecting effective inventory management[30] Investment Income - The company reported a significant increase in investment income, reaching CNY 18,725,654.15 in Q3 2021, compared to CNY 122,933.01 in Q3 2020[23]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥264,192,565.78, a decrease of 37.07% compared to the same period last year[21] - The net profit attributable to shareholders for the first half of 2021 was ¥38,467,529.90, down 19.55% year-on-year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,971,028.34, a decline of 40.41% compared to the previous year[21] - Basic earnings per share for the first half of 2021 were ¥0.2834, a decrease of 30.73% year-on-year[22] - The weighted average return on net assets was 2.45%, down 1.25 percentage points from the previous year[22] - Basic earnings per share decreased by 30.73% year-on-year, and the basic earnings per share after deducting non-recurring gains and losses decreased by 48.68% year-on-year, mainly due to the decline in net profit and an increase in the number of shares[23] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2021, representing a year-over-year growth of 20%[67] - The net profit for the first half of 2021 was CNY 44,971,666.15, a decline of 13% from CNY 51,847,982.51 in the first half of 2020[94] - The company's net profit for the first half of 2021 was CNY 25,454,297.01, a decrease of 33.4% compared to CNY 38,194,837.85 in the same period of 2020[98] - Total comprehensive income for the first half of 2021 was CNY 25,068,391.12, compared to CNY 38,070,765.99 in the first half of 2020, reflecting a decline of 34.2%[99] Cash Flow and Assets - The net cash flow from operating activities was ¥6,189,353.63, a significant improvement from a negative cash flow of ¥260,213,822.25 in the same period last year[21] - The company's cash flow from operating activities was CNY 6,189,353.63, significantly improving from a negative cash flow of CNY -260,213,822.25 in the same period last year[42] - The company reported cash and cash equivalents at the end of the period amounting to CNY 728,308,885.12, an increase from CNY 485,456,556.30 at the end of the previous year[102] - The total cash and cash equivalents at the end of the first half of 2021 stood at ¥438,032,034.91, an increase from ¥396,439,358.90 at the end of the previous year[105] - The company reported restricted cash of ¥50,822,067.64 due to bank acceptance bill margin, guarantee margin, and performance margin[49] - Long-term receivables amounting to ¥843,278,436.27 are restricted due to project financing pledges and mortgages[49] - The company's total assets amounted to CNY 3,726,871,937.73, an increase from CNY 3,614,826,441.91 as of December 31, 2020, reflecting a growth of approximately 3.1%[86] - The company's current assets totaled CNY 2,089,807,061.75, slightly up from CNY 2,087,906,135.64 at the end of 2020[86] - The company's total liabilities were CNY 1,956,615,665.25, up from CNY 1,890,581,645.27, marking an increase of approximately 3.5%[88] - The total liabilities at the end of the reporting period were 1,590,617,715.13 RMB, reflecting a decrease from 1,406,983,529.55 RMB at the beginning of the year, which suggests improved financial stability[110] Business Strategy and Operations - The company attributed the decline in revenue and profit primarily to a decrease in engineering construction volume during the reporting period[22] - The company focuses on urban renewal, rural revitalization, and ecological restoration, aiming to become an excellent comprehensive ecological service provider[28] - The company is actively expanding its ecological restoration and cultural tourism operations, with a strong emphasis on the EPC (Engineering, Procurement, and Construction) business model as a development priority[30] - The company has established strong customer resources, primarily serving local governments and state-owned enterprises, which supports its long-term stable development[36] - The management team is becoming younger and more professional, enhancing the company's innovative capabilities and project management efficiency[37] - The company has initiated a management reform themed "Second Entrepreneurship," aimed at simplifying management and enhancing operational efficiency[43] - The company is actively exploring digital transformation and has increased research on landscape information modeling (LIM) technology[41] - The company has established multiple new subsidiaries, including Daqian Ecological Technology and Daqian Urban and Rural, focusing on environmental technology and engineering design, respectively[51] - The company is facing potential risks but has not disclosed specific details in the report[52] - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in this report[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,782[76] - Jiangsu Daqian Investment Development Co., Ltd. held 41,779,787 shares, accounting for 30.78% of total shares, with 12,400,000 shares pledged[78] - Anhui Xinhua Publishing (Group) Holding Co., Ltd. held 14,137,500 shares, representing 10.42% of total shares[78] - Nanjing Anju Construction Group Co., Ltd. held 11,887,072 shares, which is 8.76% of total shares[78] - Far East Holding Group Co., Ltd. held 9,100,000 shares, accounting for 6.70% of total shares, with all shares pledged[78] - The company reported no significant changes in its share capital structure during the reporting period[75] - There were no changes in the number of shares held by the top ten shareholders during the reporting period[78] Environmental and Social Responsibility - The company actively engages in ecological landscape planning, design, construction, and operation, promoting low-carbon and environmentally friendly practices[62] - During the reporting period, the company undertook various ecological environment protection projects, contributing to carbon emission reduction efforts[63] - The company supports rural revitalization projects, improving local living conditions and infrastructure in Jiangsu and Jiangxi provinces[64] - The company has implemented measures for energy conservation and waste reduction in its operations, including paper and electricity savings[63] - The company emphasizes the importance of ecological civilization and actively participates in projects that align with national environmental policies[62] - The company has made substantial investments in technology research and development for environmental restoration and water management[62] - The company has created new employment opportunities for local residents through its rural development initiatives[64] - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[61] - The company has not disclosed any other environmental information due to its non-classification as a key pollutant discharge unit[62] Risk Management and Compliance - The company has established a robust strategy for risk management, particularly in relation to financial and operational risks associated with market expansion[71] - The company has committed to maintaining compliance with all regulatory requirements, ensuring transparency in its financial practices[68] - The company has maintained a stable capital structure with no significant changes in the number of shares issued, remaining at 135,720,000.00 CNY[120] - The company has a strong belief in its ability to continue as a going concern for at least the next 12 months[127] Financial Reporting and Accounting - The financial report was approved for release on August 25, 2021[124] - The company's financial statements comply with accounting standards, accurately reflecting its financial position and operating results[130] - The accounting period for the company runs from January 1 to December 31, with the current reporting period being from January 1, 2021, to June 30, 2021[132] - The company applies the equity method for accounting for joint ventures and recognizes its share of assets and liabilities accordingly[141] - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract[147] - The company measures financial assets at amortized cost if the cash flow characteristics align with basic lending arrangements[152] - The company assesses expected credit losses considering all reasonable and evidence-based information, including forward-looking information[166]

Financial Performance - Operating revenue increased by 9.58% to CNY 81,362,978.60 year-on-year[5] - Net profit attributable to shareholders rose by 226.43% to CNY 13,080,127.31 compared to the same period last year[5] - Basic earnings per share increased by 172.32% to CNY 0.0964[5] - The weighted average return on equity increased by 0.51 percentage points to 0.84%[5] - Total operating revenue for Q1 2021 was CNY 81,362,978.60, an increase of 9.4% compared to CNY 74,248,019.36 in Q1 2020[28] - Total operating costs for Q1 2021 were CNY 78,659,408.56, up from CNY 71,179,405.97 in Q1 2020, reflecting a year-over-year increase of 10.5%[28] - Net profit for Q1 2021 reached CNY 13,887,418.80, compared to CNY 5,951,307.54 in Q1 2020, representing a growth of 133.5%[30] - The total profit for Q1 2021 was CNY 17,147,448.30, compared to CNY 7,857,429.71 in Q1 2020, marking a growth of 118.9%[30] - The total comprehensive income for Q1 2021 was CNY 13,802,414.84, compared to CNY 5,951,307.54 in Q1 2020, indicating a growth of 132.8%[30] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 14,082,826.05 from a negative CNY 253,557,004.57 in the previous year[5] - The cash flow from operating activities for Q1 2021 was CNY 14,082,826.05, a turnaround from a negative cash flow of CNY -253,557,004.57 in Q1 2020[36] - The cash inflow from operating activities totaled CNY 318,371,019.18 in Q1 2021, compared to CNY 134,369,974.89 in Q1 2020, representing a growth of 136.5%[36] - In Q1 2021, the company generated operating cash inflow of ¥331,023,946.16, a significant increase from ¥116,446,592.20 in Q1 2020, representing a growth of approximately 184.5%[39] - The net cash flow from operating activities for Q1 2021 was ¥34,029,334.55, compared to a net outflow of ¥268,716,248.75 in Q1 2020, indicating a turnaround in operational performance[40] - Cash and cash equivalents at the end of Q1 2021 stood at ¥267,590,910.31, up from ¥187,958,734.02 at the end of Q1 2020, reflecting an increase of approximately 42.4%[40] - The company experienced a net decrease in cash and cash equivalents of ¥88,501,890.94 in Q1 2021, an improvement compared to a decrease of ¥296,451,860.09 in Q1 2020[40] Assets and Liabilities - Total assets decreased by 5.25% to CNY 3,425,117,931.00 compared to the end of the previous year[5] - Total liabilities decreased to CNY 1,005,068,235.57 from CNY 1,199,039,464.04, indicating a reduction of approximately 16.2%[26] - Shareholders' equity increased to CNY 1,484,455,388.70 from CNY 1,473,359,563.58, reflecting a growth of about 0.8%[26] - Cash and cash equivalents decreased to CNY 298,559,016.89 from CNY 381,611,401.15, a decline of approximately 21.8%[24] - Accounts receivable decreased to CNY 591,161,485.85 from CNY 661,670,949.58, indicating a reduction of about 10.6%[24] - Inventory increased to CNY 14,753,972.41 from CNY 10,862,319.02, representing a growth of approximately 36.5%[25] Shareholder Information - The total number of shareholders reached 10,384 at the end of the reporting period[11] - The largest shareholder, Jiangsu Daqian Investment Development Co., Ltd., holds 30.78% of the shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 1,760,070.67 related to its normal business operations[8] - The company reported a non-recurring gain of CNY 1,866,023.02 after tax[9] Investment and Expenses - Trading financial assets increased by 50.48% to ¥188,631,767.96 due to an increase in bank wealth management products[13] - Prepayments rose by 176.76% to ¥14,120,541.02 primarily due to increased procurement payments[13] - Other receivables increased by 44.90% to ¥17,380,201.10 mainly due to an increase in inter-company transactions[13] - Sales expenses surged by 141.49% to ¥303,298.08 due to increased operational costs[15] - Investment income skyrocketed by 1765.60% to ¥386,410.25 driven by higher wealth management returns[15] - Cash received from sales of goods and services rose by 145.43% to ¥306,984,378.86 due to increased project payments[16] - Cash paid for investment increased by 84.75% to ¥151,284,094.48 primarily due to higher bank wealth management investments[16] - Contract liabilities increased by 168.57% to ¥5,142,931.91 mainly due to increased project prepayments[14] - Construction in progress rose by 32.40% to ¥7,498,902.11 due to the addition of ongoing projects[13] - Lease liabilities were recognized at ¥7,818,158.37 as a result of the new leasing standards[14] - Research and development expenses for Q1 2021 were CNY 6,048,464.08, compared to CNY 5,335,612.59 in Q1 2020, marking an increase of about 13.4%[28] - The company reported a decrease in financial expenses from CNY 4,350,749.15 in Q1 2020 to CNY 1,926,307.31 in Q1 2021, a reduction of 55.7%[32]

Financial Performance - The net profit attributable to the parent company for 2020 was ¥102,092,298.28, with an undistributed profit balance of ¥516,105,623.62 as of December 31, 2020[5]. - The company distributed cash dividends totaling ¥67,860,000.00 (including tax) on September 22, 2020, but plans no profit distribution for the 2020 fiscal year[5]. - The company's operating revenue for 2020 was CNY 944,172,092.93, representing a year-on-year increase of 2.73% compared to CNY 919,067,448.16 in 2019[23]. - The net profit attributable to shareholders of the listed company reached CNY 102,092,298.28, an increase of 8.44% from CNY 94,145,453.41 in the previous year[23]. - The net cash flow from operating activities was CNY 31,079,033.69, a significant decrease of 77.70% compared to CNY 139,369,511.74 in 2019[23]. - The total assets at the end of 2020 amounted to CNY 3,614,826,441.91, reflecting a 7.97% increase from CNY 3,347,984,299.44 at the end of 2019[23]. - The basic earnings per share for 2020 was CNY 0.8084, a decrease of 2.88% from CNY 0.8324 in 2019[24]. - The weighted average return on equity for 2020 was 7.08%, down by 0.96 percentage points from 8.04% in 2019[24]. - The company reported a total of CNY 1,637,460.92 in government subsidies recognized in 2020, compared to CNY 4,655,539.67 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥101,659,541.34, up 13.19% year-on-year[45]. - Total assets at the end of the reporting period reached ¥3,614,826,441.91, a growth of 7.97% from the previous year[52]. Business Operations - The company operates under a public-private partnership (PPP) model for infrastructure projects[13]. - The company is engaged in ecological landscape planning, engineering construction, and project operation, with a focus on urban environment enhancement and rural revitalization[29]. - The company aims to enhance its brand influence through landmark projects and is progressing towards becoming a leading comprehensive ecological environment service provider[29]. - The company has established a strong market presence, operating in 20 provinces and cities across China, leveraging its unique position as the only municipal landscaping listed company in Nanjing[37]. - The company has prioritized high-quality EPC projects as a key development focus, ensuring financial stability with no external guarantees and maintaining a reasonable debt-to-asset ratio[39]. - The company is well-positioned to benefit from national policies promoting ecological civilization and rural revitalization, which are expected to drive rapid growth in the ecological landscape industry[43]. - The company is focusing on ecological landscape planning, design, and construction as its main business areas for stable growth[97]. Risk Management - The company has not identified any significant risks that could materially impact its operations during the reporting period[9]. - The company has implemented a robust risk management system, ensuring that all major projects undergo risk assessments to enhance its risk resilience[41]. - Economic downturns pose risks to order acquisition due to slowed investment and consumption growth, alongside tighter financial policies affecting project implementation[104]. - The company faces risks related to the PPP business model, including potential delays in project execution and challenges in fulfilling long-term contracts[105]. - Financial risks are heightened due to the significant proportion of PPP and EPC projects, which require substantial working capital and may lead to cash flow constraints[106]. Corporate Governance - The company has established a complete governance structure and effective internal control system, ensuring fair and transparent information disclosure, with no penalties from regulatory authorities in 2020[137]. - The company has a long-term commitment to enhance sustainable return capabilities through immediate return improvements[115]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which started on March 6, 2015[113]. - The company’s major shareholders have a lock-up period of 36 months for shares issued prior to the public offering, which will not be repurchased by the company[113]. - The company has maintained its independence and autonomous operational capability without interference from the controlling shareholder[197]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with relevant laws and regulations[195]. - The supervisory board is composed of five members, including two employee representatives, meeting legal requirements[196]. Shareholder Information - The total number of ordinary shares increased from 113,100,000 to 135,720,000 due to a non-public offering of 22,620,000 shares[149]. - Jiangsu Daqian Investment Development Co., Ltd. holds 41,779,787 shares, representing 30.78% of total shares, with 12,000,000 shares pledged[159]. - The top three shareholders include Jiangsu Daqian Investment Development Co., Ltd., Anhui Xinhua Publishing (Group) Holding Co., Ltd., and Nanjing Anju Construction Group Co., Ltd., holding 30.78%, 10.42%, and 8.76% respectively[159]. - The company has no preferred shareholders with restored voting rights as of the reporting date[157]. - The company has maintained a stable shareholder structure with no significant changes in the top shareholders during the reporting period[159]. Employee Development - The company has established a talent training system, including a "Thousand Seek Plan" for management trainees to enhance adaptability and professional skills[190]. - The company has implemented employee development programs, such as the "Thousand Sails Plan" and "Thousand Seek Plan," to enhance employee skills and promote a harmonious workplace[138]. - The company plans to increase its workforce by 10% to support growth initiatives and improve service delivery[175]. - The company has a total of 467 employees, with 264 holding a bachelor's degree or higher[187]. Future Outlook - The company’s future plans and performance forecasts are subject to investment risks and do not constitute a commitment to investors[7]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[175]. - The company is investing heavily in R&D, with a budget allocation of 10% of total revenue aimed at developing innovative technologies[175]. - Market expansion efforts include entering three new regional markets, expected to contribute an additional 5% to overall revenue[175]. - New product lines are set to launch in Q2 2024, anticipated to generate an estimated $500 million in additional revenue[175]. Corporate Social Responsibility - The company emphasized its commitment to corporate social responsibility, focusing on protecting the rights of stakeholders[135]. - The company donated over 400,000 RMB in materials and funds to support COVID-19 prevention efforts during 2020[136]. - The company actively engages in environmental protection and sustainable development, focusing on ecological landscape design and restoration projects[140]. - The company is not classified as a key pollutant discharge unit and emphasizes low-carbon and eco-friendly practices in its operations[141].

Financial Performance - Operating revenue for the first nine months reached CNY 653,215,580.02, a growth of 10.69% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 70,134,514.02, up 7.81% from the same period last year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 14.07% to CNY 70,358,254.93[5] - Total operating revenue for Q3 2020 was ¥233,386,918.64, a decrease of 6.7% compared to ¥248,956,915.84 in Q3 2019[26] - Net profit for Q3 2020 reached ¥26,618,643.00, an increase of 16.5% from ¥22,947,607.63 in Q3 2019[29] - The company reported a total profit of ¥32,090,867.88 for Q3 2020, up from ¥25,909,222.94 in Q3 2019, marking a growth of 8.5%[29] - The total comprehensive income for Q3 2020 was ¥26,563,279.24, compared to ¥22,947,607.63 in Q3 2019, indicating an increase of 15.5%[30] - The company’s total revenue for the first three quarters of 2020 was ¥626.72 million, an increase of 10.4% from ¥567.71 million in the same period of 2019[33] Assets and Liabilities - Total assets increased by 5.36% to CNY 3,527,282,251.06 compared to the end of the previous year[5] - Total liabilities decreased to CNY 1,834,577,107.07 from CNY 1,941,000,769.89, a reduction of about 5.49%[21] - Shareholders' equity increased to CNY 1,692,705,143.99 from CNY 1,406,983,529.55, representing a growth of approximately 20.29%[21] - The company reported a total of CNY 739,926,957.06 in contract assets as of September 30, 2020, indicating a new asset category introduced this period[20] - The total assets as of September 30, 2020, amounted to CNY 3,347,984,299.44, showing a slight decrease from CNY 3,347,623,479.65 at the beginning of the year[45] - The total liabilities as of September 30, 2020, were CNY 1,941,000,769.89, remaining stable compared to the previous reporting period[46] Shareholder Information - The total number of shareholders reached 10,391 at the end of the reporting period[10] - Jiangsu Daqian Investment Development Co., Ltd. held 30.78% of shares, with 12,000,000 shares pledged[10] - Anhui Xinhua Publishing (Group) Holding Co., Ltd. owned 10.42% of shares, with no shares pledged[10] - Nanjing Anju Construction Group Co., Ltd. held 8.76% of shares, all of which were pledged[10] Cash Flow and Financing - Cash received from sales of goods and services increased by 43.08% to ¥535,949,352.22, driven by higher collections compared to the same period last year[15] - Cash inflow from non-public issuance reached ¥304,665,200.00, a significant increase of 1454.41% due to fundraising activities[15] - The company reported a 67.41% increase in cash outflow for debt repayment, totaling ¥375,000,000.00, reflecting higher bank loan repayments[15] - The cash inflow from financing activities in Q3 2020 was CNY 550,015,200.00, a significant increase from CNY 294,000,000.00 in Q3 2019[42] - The net cash flow from financing activities for Q3 2020 was CNY 119,324,163.24, compared to CNY 75,511,776.71 in Q3 2019, indicating improved financing conditions[42] Expenses and Costs - Sales expenses increased by 143.87% to ¥845,931.58, primarily due to higher operational costs[13] - Investment income dropped by 87.49% to ¥122,933.01, mainly due to reduced returns from bank wealth management products[14] - Research and development expenses for Q3 2020 were ¥8,240,998.28, a significant decrease of 46.6% from ¥15,440,122.10 in Q3 2019[28] - Financial expenses for Q3 2020 were ¥2.82 million, a decrease from ¥5.05 million in Q3 2019, indicating improved cost management[33] Inventory and Receivables - Inventory decreased by 93.23% to ¥40,206,897.06, attributed to the implementation of new revenue recognition standards[12] - Other receivables decreased by 44.40% to ¥42,239,472.45, mainly due to the recovery of deposits[12] - Inventory significantly dropped to CNY 40,206,897.06 from CNY 594,018,960.18, a decrease of around 93.24%[20] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 590,236,603.86 from CNY 668,120,978.25, a decline of approximately 11.64%[20] - Total cash and cash equivalents at the end of Q3 2020 were ¥556.26 million, an increase from ¥461.40 million at the end of Q3 2019[40] - The cash and cash equivalents at the end of Q3 2020 were CNY 332,909,662.53, down from CNY 484,410,594.11 at the beginning of the year[42]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 419,828,661.38, representing a 23.05% increase compared to CNY 341,188,293.83 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was CNY 47,815,421.46, an increase of 11.28% from CNY 42,970,447.50 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,936,904.12, reflecting a 19.51% increase from CNY 39,275,625.71 in the same period last year[19]. - Basic earnings per share for the first half of 2020 were CNY 0.4091, up 7.68% from CNY 0.3799 in the same period last year[20]. - The total amount of non-recurring gains and losses was 878,517.34 RMB, which includes government subsidies of 1,282,165.14 RMB[24]. - The total comprehensive income for the first half of 2020 was CNY 38,070,765.99, compared to CNY 34,355,028.62 in the same period of 2019, indicating a growth of 10.0%[122]. Cash Flow and Financial Position - The company's net cash flow from operating activities was negative CNY 260,213,822.25, worsening from negative CNY 167,906,505.37 in the previous year, a decrease of 54.98%[19]. - The total assets at the end of the reporting period were CNY 3,444,305,124.92, which is a 2.88% increase from CNY 3,347,984,299.44 at the end of the previous year[19]. - The company's total liabilities decreased to CNY 1,686,566,510.17 from CNY 1,941,000,769.89, indicating a decline of approximately 13.1%[111]. - The company's equity increased to CNY 1,757,738,614.75 from CNY 1,406,983,529.55, reflecting a growth of about 25%[111]. - Cash and cash equivalents decreased to CNY 547,587,833.62 from CNY 668,120,978.25, representing a decline of approximately 18%[108]. - The net increase in cash and cash equivalents was -87,971,235.21 RMB, compared to -95,993,850.46 RMB in the previous year, showing a slight improvement in cash management[126]. Investment and Development - The company invests in research and development, focusing on ecological restoration and environmental governance, and has obtained multiple patents to support its business development[32]. - Research and development expenses surged by 114.45% to ¥17,337,047.57, up from ¥8,084,331.95 in the previous year[56]. - The company has established a new business model focusing on tourism resource development, with a projected revenue of CNY 30,000 million[62]. - The company has undertaken significant projects such as the construction of the 4th China Greening Expo and various ecological protection projects, enhancing its presence in ecological environment governance and cultural tourism operations[25]. Risk Management - The company emphasizes risk management, with all major projects undergoing risk assessments to enhance its risk prevention capabilities[31]. - The company has identified financial risks associated with its PPP and EPC projects, which require substantial upfront investment and have longer settlement cycles[66]. - The company is facing macroeconomic risks due to the ongoing global COVID-19 pandemic, which has significantly impacted economic activities[64]. Corporate Governance - The company has committed to not transferring or entrusting the management of its publicly issued shares for 36 months from the date of listing, ensuring stability in shareholding[72]. - The company’s directors and senior management are restricted to transferring no more than 25% of their shares annually during their tenure, with a six-month restriction post-departure[72]. - The company has established a legal framework to address any breaches of commitments, ensuring accountability among major shareholders[75]. - The company appointed Tianheng Accounting Firm as the financial audit institution for the year 2020, following approval at the 2019 annual shareholders' meeting[78]. Shareholder Information - As of the report date, the total number of ordinary shareholders is 9,338[95]. - The top shareholder, Jiangsu Daqian Investment Development Co., Ltd., holds 41,779,787 shares, representing 30.78% of the total shares[98]. - The company has a total of 11 subsidiaries included in the consolidated financial statements, which enhances its operational capacity and market reach[141]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the accuracy and completeness of its financial reporting[145]. - The company’s accounting policies are tailored to its operational characteristics, particularly in revenue recognition, which is crucial for accurate financial reporting[144]. - The company recognizes gains or losses from the disposal of equity investments based on the fair value of remaining shares at the loss of control date[153].

Financial Performance - Operating revenue fell by 25.54% to CNY 74,248,019.36 year-on-year[6] - Net profit attributable to shareholders decreased by 18.18% to CNY 4,007,008.78 compared to the same period last year[6] - The company reported a significant increase of 145.07% in net profit after deducting non-recurring gains and losses, amounting to CNY 4,020,148.36[6] - Basic earnings per share decreased by 18.24% to CNY 0.0354[6] - The company's operating revenue for Q1 2020 was ¥66,855,964.28, a decrease of 32.0% compared to ¥98,202,923.90 in Q1 2019[29] - The net profit for Q1 2020 was ¥5,951,307.54, representing an increase of 20.9% from ¥4,918,573.35 in Q1 2019[28] - The company's total profit for Q1 2020 was ¥7,857,429.71, compared to ¥6,049,061.09 in Q1 2019, reflecting a growth of 29.9%[28] - Basic earnings per share for Q1 2020 were ¥0.0354, down from ¥0.0433 in Q1 2019, a decrease of 18.4%[28] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -253,557,004.57, a decline of 99.46% year-on-year[6] - Cash and cash equivalents decreased by 44.09% to ¥373,528,946.13 from ¥668,120,978.25, primarily due to payments for various procurements[11] - Cash received from investment decreased by 67.02% to ¥61,925,200.00 from ¥187,750,000.00, primarily due to a decrease in bank wealth management recoveries[15] - The net cash flow from operating activities was -253,557,004.57 in Q1 2020, compared to -127,124,299.50 in Q1 2019, indicating a worsening of 99.3%[32] - Total cash outflow from operating activities increased to 387,926,979.46 in Q1 2020, up from 291,761,982.86 in Q1 2019, reflecting a rise of 32.9%[32] - The net cash flow from investment activities was -20,442,242.62 in Q1 2020, compared to 81,271,091.30 in Q1 2019, marking a decline of 125.2%[33] - The net cash flow from financing activities was -43,801,801.83 in Q1 2020, compared to -344,322.20 in Q1 2019, indicating a significant increase in cash outflow[33] - The company reported a net cash decrease of -317,801,049.02 in Q1 2020, compared to -46,197,530.40 in Q1 2019, reflecting a deterioration of 586.5%[33] Assets and Liabilities - Total assets decreased by 7.63% to CNY 3,092,426,321.10 compared to the end of the previous year[6] - Total assets as of March 31, 2020, were CNY 2,283,380,299.48, down from CNY 2,550,864,504.85 at the end of 2019, a decrease of 10.5%[24] - Current liabilities decreased to CNY 1,070,050,589.35 in Q1 2020 from CNY 1,325,285,869.73 in Q4 2019, a decline of 19.2%[19] - Total liabilities decreased to CNY 1,121,692,812.16 in Q1 2020 from CNY 1,389,390,614.06 in Q4 2019, a reduction of 19.3%[24] - Total liabilities were CNY 1,941,000,769.89, with non-current liabilities at CNY 615,714,900.16[39] - The company reported a decrease in inventory by CNY 557,924,359.96, indicating a shift in asset management[41] Shareholder Information - The number of shareholders reached 10,354 by the end of the reporting period[9] - Jiangsu Daqian Investment Development Co., Ltd. held 36.94% of the shares, making it the largest shareholder[9] - The total equity attributable to shareholders increased to CNY 1,221,110,805.89 in Q1 2020 from CNY 1,217,103,797.11 in Q4 2019, a slight increase of 0.3%[20] - The total equity increased from CNY 1,161,473,890.79 to CNY 1,406,983,529.55, reflecting a growth in retained earnings[42] Research and Development - Research and development expenses increased by 79.92% to ¥5,335,612.59 from ¥2,965,493.45, reflecting increased investment in R&D[13] - Research and development expenses increased to ¥5,335,612.59 in Q1 2020, up from ¥2,965,493.45 in Q1 2019, marking an increase of 79.9%[30] Other Financial Metrics - The weighted average return on equity decreased by 0.10 percentage points to 0.33%[6] - Other income decreased by 98.07% to ¥52,348.20 from ¥2,714,000.00, mainly due to a reduction in government subsidies received[13] - The company's management expenses decreased to ¥13,073,422.93 in Q1 2020 from ¥15,795,737.44 in Q1 2019, a reduction of 17.2%[28] - The financial expenses for Q1 2020 were ¥4,350,749.15, slightly up from ¥4,205,572.56 in Q1 2019[30] - The company reported a credit impairment loss of ¥4,790,041.32 in Q1 2020, compared to ¥4,266,394.65 in Q1 2019, indicating an increase of 12.3%[28]

Financial Performance - The net profit attributable to the parent company for 2019 was CNY 94,145,453.41, with an undistributed profit balance of CNY 490,195,202.41 as of December 31, 2019[5]. - The company's operating revenue for 2019 was CNY 919,067,448.16, representing a year-on-year increase of 14.63% compared to CNY 801,762,537.90 in 2018[22]. - The net profit attributable to shareholders of the listed company for 2019 was CNY 89,811,061.04, an increase of 4.49% from CNY 85,948,595.58 in 2018[22]. - The basic earnings per share for 2019 was CNY 0.8324, reflecting a growth of 4.47% compared to CNY 0.7968 in 2018[23]. - The total assets at the end of 2019 amounted to CNY 3,347,984,299.44, which is a 14.59% increase from CNY 2,921,818,299.70 at the end of 2018[22]. - The company generated a net cash flow from operating activities of CNY 139,369,511.74 in 2019, a significant recovery from a negative cash flow of CNY -277,330,249.54 in 2018[22]. - The weighted average return on equity for 2019 was 8.04%, a slight decrease of 0.28 percentage points from 8.32% in 2018[23]. - The company reported a significant increase in sales expenses by 509.44% to ¥608,278.29, indicating higher marketing efforts[53]. - The company reported a total related transaction amount of 38,143.09 million RMB, which represents 43.45% of similar transaction amounts[128]. Profit Distribution and Capital Management - The company plans not to distribute profits for the 2019 fiscal year, nor to increase capital reserves through stock conversion, due to development needs[5]. - The company did not propose a cash profit distribution plan for ordinary shareholders despite having a positive profit available for distribution, due to significant cash expenditure requirements in the upcoming twelve months[113]. - The company plans to implement a cash dividend policy prioritizing cash dividends over other forms, ensuring stable returns for investors[111]. - The company is progressing with a non-public issuance of A-shares, expected to be completed in the first half of 2020, to optimize resource allocation and ensure sustainable development[50]. Risk Management - The company has not identified any significant risks that could materially affect its operations during the reporting period[8]. - The company has implemented a risk management system, ensuring that all major projects undergo risk assessment to enhance its risk resistance capabilities[39]. - The company recognizes potential risks from economic downturns, tightening financial policies, and the long-term nature of PPP projects, which may affect order acquisition and project implementation[105][106]. - The company emphasizes risk control as a lifeline for development, focusing on selecting projects with good credit and guaranteed payment[102]. Audit and Compliance - The audit report issued by Tianheng Accounting Firm was a standard unqualified opinion, ensuring the financial report's authenticity and completeness[4]. - The company’s board of directors and senior management have confirmed the accuracy and completeness of the annual report[2]. - The company has not faced any penalties from securities regulatory agencies in the past three years[171]. - The audit did not identify any significant misstatements in the other information reviewed[200]. Strategic Focus and Development - The company is expanding into cultural tourism and ecological restoration, enhancing its operational capabilities in these sectors[31]. - The company aims to become an excellent comprehensive service provider in ecological environment construction and management[31]. - The company has focused on ecological landscape construction, integrating ecological restoration with cultural tourism, aligning with national policies for ecological civilization[35]. - The company aims to optimize its business structure by expanding into complementary fields such as cultural tourism and ecological restoration[36]. - The company is positioned to benefit from the ongoing emphasis on ecological and infrastructure development in the country, marking a significant growth opportunity[95]. Governance and Management - The company has a structured governance framework that includes a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring clear responsibilities and effective oversight[177]. - The board of directors consists of nine members, including three independent directors, ensuring compliance with relevant laws and regulations[179]. - The company has a diverse management team with experience in various sectors, including finance, education, and investment, enhancing its operational capabilities[159]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 7.303 million yuan[169]. Employee and Talent Management - The company has established a sustainable salary system and incentive mechanism to attract and retain talent, ensuring internal fairness and external competitiveness[173]. - The company has implemented a training program that systematically supports employee development at various levels[174]. - The educational background of employees shows that 275 hold a bachelor's degree or above, representing approximately 53.2% of the total workforce[172]. - The performance-based salary for directors and senior management is linked to the company's annual operating results and individual performance assessments[169]. Project Management and Operations - The company has undertaken significant projects, including the construction of the 4th China Greening Expo and various ecological restoration projects, indicating a focus on quality and risk management[32]. - The company confirmed a total project amount of RMB 377,679.19 million across 18 projects in both domestic and overseas markets[82]. - The company reported a revenue recognition of RMB 4,058.23 million for the Hongze Lake Ecological Environment Improvement Project, with a completion percentage of 68.02%[82]. - The company is currently engaged in major construction projects, including the ecological protection forest construction project with an estimated total investment of CNY 225.815 million and the China Green Expo Park construction PPP project with a total investment of CNY 2,567.2238 million[113].