Financial Performance - The company reported a total distributable profit of RMB 234,115,864.55 as of December 31, 2022, with a proposed cash dividend of RMB 1.00 per share, amounting to a total of RMB 50,328,115.7 to be distributed to shareholders[8]. - The company's operating revenue for 2022 was ¥1,056,874,615.39, a decrease of 16.39% compared to ¥1,264,045,809.77 in 2021[26]. - The net profit attributable to shareholders was -¥144,342,413.41, representing a decline of 173.70% from ¥195,858,904.67 in the previous year[26]. - The net cash flow from operating activities was -¥144,881,378.71, a significant decrease compared to -¥44,756,452.29 in 2021[26]. - Basic earnings per share for 2022 were -¥0.30, a decrease of 163.83% from ¥0.47 in 2021[27]. - The weighted average return on equity was -11.38%, down from 15.22% in the previous year, indicating a significant decline in profitability[27]. - The gross margin for the main business was 55.45%, down 7.16% from the previous year[168]. - Sales expenses increased by 23.55% to CNY 389,522,107.79, primarily due to rising labor costs[165]. - Management expenses rose by 37.26% to CNY 200,258,392.25, driven by increased labor costs and depreciation of new fixed assets[165]. - R&D expenses increased by 11.12% to CNY 104,778,033.46, reflecting investments in innovation and technology applications[165]. Shareholder Returns - The company plans to maintain the distribution ratio per share unchanged, with adjustments to the total distribution amount if the total share capital changes before the dividend distribution date[8]. - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling approximately RMB 50.33 million, subject to shareholder approval[43]. - The company has consistently prioritized shareholder returns, distributing cash dividends for several consecutive years, with a cash dividend payout ratio of 104.18% in 2021[42]. Business Model and Strategy - The company emphasizes a comprehensive smart water management solution integrating smart hardware, professional software, water service platforms, industry IoT, and full-service capabilities[4]. - The company’s business model focuses on data-driven water management, utilizing new generation information and IoT technologies[16]. - The company is focusing on expanding its smart water services and investing in new technologies such as BIM, AI, and digital twins[28]. - The company aims to become a benchmark in water plant R&D and manufacturing, leveraging its expertise and favorable policies in the Su-Xi-Tong area[49]. - The company aims to provide safe and reliable water to the public while focusing on energy conservation and smart management in its operations[145]. Market and Industry Trends - The smart water industry is experiencing a shift towards digital, automated, and intelligent management, driven by the integration of IoT, big data, and cloud computing technologies[105]. - The market size of the smart water industry in China has surpassed 10 billion yuan, growing from 6.56 billion yuan in 2014 to 10.29 billion yuan in 2021, with a compound annual growth rate of 6.64%[99]. - By 2027, the market size of the smart water industry is expected to reach 15 billion yuan, continuing to grow at a rate of 6.64%[100]. - The company is addressing the severe water resource shortage in China, where over 400 out of 600 cities face water scarcity, by advocating for upgraded water-saving measures[69]. Technological Innovations - The smart water plant operation control platform integrates advanced technologies such as Internet+, BIM, and artificial intelligence to enhance operational efficiency and ensure water quality safety[48]. - The Smart Water Plant Operation and Control Platform integrates 3D models, AR/VR, and intelligent mechanism models to enhance traditional water plant management[113]. - The platform features multi-plant management, real-time KPI display, and predictive risk management to ensure stable operations and water quality safety[114]. - The company has established a digital native design approach to create a comprehensive intelligent platform for urban water supply and drainage[56]. - The company is actively expanding the application of BIM, AI, and digital twin technologies to support the digital transformation of municipal smart water management[54]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to pay attention[11]. - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[7]. - The company has no non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[10]. Investment and Development - The company is investing RMB 2 billion in the construction of a smart water supply and drainage production R&D base, expected to be completed in 2023[44]. - The company has received significant funding from a private placement, which contributed to the increase in cash and goodwill on the balance sheet[28]. - The company has developed a comprehensive solution for the smart water industry, covering the entire supply chain from water sources to urban pipeline management[155]. Human Resources and Talent Development - The company has strengthened its talent development initiatives, with 75 trainees participating in the "Star Plan" to ensure a skilled workforce for future strategic development[64]. - The number of R&D personnel was 761, making up 29.50% of the total workforce, an increase of 45.51% from the previous year[183]. Quality Management - The company aims to enhance the quality of its products and services, contributing to the high-quality development of smart water management[62]. - The company has initiated a production quality improvement campaign starting in 2022, with quarterly awards for outstanding improvement proposals, leading to increased product quality recognition from customers[60]. - The company has established a nationwide direct sales network, enhancing brand influence and market presence[161].

| 证券代码：603956 | 证券简称：威派格 | 公告编号：2023-037 | | --- | --- | --- | | 债券代码：113608 | 债券简称：威派转债 | | 上海威派格智慧水务股份有限公司 关于召开 2022 年度业绩说明会的公告 为进一步加强与广大投资者的沟通交流，上海威派格智慧水务股份有限公司 （以下简称为"公司"）将参加"2023 年上海辖区上市公司年报集体业绩说明 会"活动，现将有关事项公告如下： 本次业绩说明会活动将采取网络的方式举行，投资者可以登录"上证路演中 心"网站（http://roadshow.sseinfo.com）或关注微信公众号上证路演中心参与活 动，活动时间为 2023 年 5 月 10 日（周三）15:00 至 17:00。 上海威派格智慧水务股份有限公司董事会 2023 年 4 月 25 日 1 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 届时，公司相关高级管理人员将参加本次活动，通过线上交流形式，就投资 者关心的问题，与投资者进行在线沟通与交流。欢迎广大投资者积 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥199,450,578.47, representing a decrease of 44.49% compared to the same period last year[10]. - The net profit attributable to shareholders for Q3 2022 was -¥60,072,902.19, a decline of 184.48% year-over-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥60,262,499.32, down 185.56% from the previous year[10]. - Basic earnings per share for Q3 2022 were -¥0.12, a decrease of 170.59% compared to the same period last year[10]. - Net profit for the third quarter of 2022 was a loss of ¥141,941,174.85, compared to a profit of ¥141,816,697.97 in the same quarter of 2021[24]. - Basic and diluted earnings per share for the third quarter of 2022 were both -¥0.30, compared to ¥0.34 and ¥0.33 respectively in the same quarter of 2021[25]. Cash Flow - The net cash flow from operating activities for Q3 2022 was ¥23,313,109.00, with no applicable percentage change due to the nature of the data[10]. - The net cash flow from operating activities was -CNY 230,735,974.39, worsening from -CNY 133,238,564.43 year-on-year[27]. - The cash inflow from investment activities totaled CNY 302,448,074.22, down 47.3% from CNY 573,124,233.05 in the previous year[28]. - The net cash flow from investment activities was -CNY 139,737,278.18, compared to -CNY 28,391,410.87 in the same period last year[28]. - The cash inflow from financing activities reached CNY 1,210,788,929.90, a significant increase from CNY 26,780,000.00 in the previous year[28]. - The net cash flow from financing activities was CNY 967,694,050.50, improving from -CNY 166,480,191.29 year-on-year[28]. - The total cash and cash equivalents at the end of the period amounted to CNY 935,988,538.19, up from CNY 333,954,652.97 at the end of the previous year[28]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥3,367,043,579.34, reflecting an increase of 41.02% from the end of the previous year[10]. - Total current assets as of September 30, 2022, amount to ¥2,236,934,677.54, an increase from ¥1,499,675,435.24 at the end of 2021[18]. - Total assets as of September 30, 2022, are ¥3,367,043,579.34, up from ¥2,387,611,670.49 at the end of 2021[19]. - The company's total liabilities reached ¥1,296,997,332.59, up from ¥1,053,695,502.53 in the previous year[20]. - Total liabilities include accounts payable of ¥145,404,055.66, down from ¥201,660,189.36 year-over-year[19]. - Total non-current assets increased to ¥1,130,108,901.80 from ¥887,936,235.25 year-over-year[19]. Shareholder Information - Shareholders' equity attributable to the parent company reached ¥2,060,649,503.97, up 54.95% compared to the end of the previous year[10]. - Shareholders' equity attributable to the parent company increased to ¥2,060,649,503.97 from ¥1,329,887,403.32 year-over-year[20]. - Total number of common shareholders at the end of the reporting period is 11,843[14]. - The largest shareholder, Li Jixi, holds 242,227,000 shares, representing 47.64% of total shares, with 103,387,000 shares frozen[14]. Operational Challenges - The decline in revenue and net profit was primarily attributed to delays in project deliveries due to recurring pandemic impacts[12]. - The company reported an increase in labor costs and amortization of convertible bond interest expenses, contributing to the net profit decline[12]. - The company experienced a decrease in other income, which fell to ¥12,027,196.09 from ¥24,594,355.59 year-over-year[23]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥68,933,800.33, up from ¥61,805,863.56 in the previous year[23]. - The company has ongoing investments in new technologies and products, as indicated by the increase in intangible assets to ¥201,446,366.24 from ¥136,177,143.82 year-over-year[19].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[15]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, reflecting an expected growth rate of 10% compared to 2021[15]. - The company's operating revenue for the first half of 2022 was ¥317,752,683.88, a decrease of 28.70% compared to ¥445,680,495.04 in the same period last year[23]. - The net profit attributable to shareholders was -¥80,120,908.46, representing a decline of 214.10% from ¥70,219,824.29 in the previous year[23]. - The net cash flow from operating activities was -¥254,049,083.39, worsening from -¥99,546,212.75 in the same period last year[23]. - The basic earnings per share for the first half of 2022 was -¥0.18, a decrease of 203.94% compared to ¥0.17 in the same period last year[24]. - The company achieved operating revenue of CNY 317.75 million and a net profit attributable to shareholders of CNY -80.12 million, with a net profit excluding non-recurring items of CNY -90.69 million[68]. - Operating costs decreased by 7.53% to ¥142,232,243.43 from ¥153,808,913.64, primarily due to lower revenue recognition[77]. - Research and development expenses increased by 19.28% to ¥45,017,851.95, reflecting the company's commitment to enhancing R&D investment[77]. - The company reported a significant increase in goodwill to ¥57,208,009.70, up 1,131.44% from ¥4,645,614.87, due to acquisitions during the reporting period[80]. Market Expansion and Development - User data indicates that the company has expanded its customer base by 20%, reaching a total of 1 million active users by June 30, 2022[15]. - Market expansion efforts have led to the establishment of partnerships in three new provinces, aiming to increase market share by 25% in these regions[15]. - The company has successfully completed the acquisition of a local competitor, which is expected to enhance its service capabilities and increase revenue by an estimated RMB 100 million annually[15]. - The company is actively developing a new cloud-based water management platform, projected to launch in Q4 2022, which is anticipated to improve operational efficiency by 30%[15]. - The company is focusing on high-quality development and increasing investment in R&D for smart water solutions, aiming to become a leading provider in the industry[68]. - The company aims to expand its product service line and strengthen its position in both urban and rural water supply markets[70]. Innovation and Technology - The company is investing RMB 50 million in new product development, focusing on smart water management technologies[15]. - The company has developed a unified data management platform to enhance operational efficiency and service capabilities in the smart water sector[64]. - The company has developed "Intelligent Water Supply Equipment Remote Data Collection and Predictive Maintenance Project" and "Urban Smart Water Supply Experimental Platform," which received awards from the Industrial Internet Industry Alliance in 2016[38]. - The company has implemented a comprehensive smart water solution that integrates intelligent hardware, professional software, and industry IoT[68]. - The company has developed a variety of hardware products, including pressure boosting pump stations and multi-parameter water quality analyzers[41]. - The company’s software platform includes systems for smart water management and comprehensive scheduling, enhancing operational efficiency[43]. Sustainability and Environmental Commitment - The company emphasizes its commitment to sustainability, with plans to reduce water waste by 15% through innovative technologies by the end of 2023[15]. - The company operates a digital factory in Shanghai, recognized as a green factory, which utilizes robotic welding and aims to reduce resource consumption[52]. - The company utilizes 304 stainless steel in its products, aligning with its commitment to green design and energy conservation[114]. - The company has developed a comprehensive water resource utilization model, integrating flood control and water recycling into its factory design[114]. - The company emphasizes environmental protection and adheres to national standards, with all materials used in production meeting relevant environmental requirements[114]. Risks and Challenges - The company has identified potential risks related to regulatory changes in the water industry, which may impact future operations[15]. - The company faces operational risks due to industry fluctuations, which may impact demand for smart water solutions based on urbanization and economic growth cycles[91]. - Increased market competition poses a risk as more participants enter the urban and rural water supply industry, necessitating continuous innovation and market strategy adaptation[92]. - The company has invested significantly in R&D, but faces risks if new products do not maintain industry-leading technical standards or fail to meet market demands[95]. - Accounts receivable are increasing with revenue growth, posing a risk if clients' financial conditions deteriorate[103]. Shareholder and Corporate Governance - The company has implemented employee stock ownership plans to enhance employee motivation and retention, with a lock-up period of up to 36 months[74]. - The company has a commitment to not transfer or manage shares for 36 months post-IPO, ensuring stability in shareholding[120]. - The company will ensure that no competing businesses are operated by its controlling shareholders during the commitment period[132]. - The company’s controlling shareholders and actual controllers promised not to interfere in the company's management or infringe on its interests[137]. - The company’s controlling shareholders and senior management agreed to link compensation systems to the execution of measures to compensate for immediate returns[141]. Government Policies and Industry Outlook - The Chinese government plans to issue 3.65 trillion yuan in special bonds for local governments to support infrastructure projects, including smart water management systems[58]. - The "14th Five-Year Plan" aims to establish seven digital twin river basins by 2025, enhancing smart water management capabilities[61]. - The government emphasizes the importance of smart water infrastructure as part of the broader infrastructure investment strategy, which is expected to drive growth in the smart water industry[58]. - Policies have been implemented to promote the development of smart water services, including the integration of new technologies such as IoT and big data[60]. - The smart water industry is expected to benefit from the shift in China's economic growth model towards quality and efficiency[58].

Financial Performance - The company reported a total distributable profit of RMB 442,160,760.46 as of December 31, 2021, with a proposed cash dividend of RMB 1.76 per 10 shares[9]. - The total cash dividend for 2021 amounts to RMB 204,037,567.56, resulting in a cash dividend ratio of 104.18%[9]. - The company executed a share repurchase totaling RMB 115,866,618.58 during the year, which is considered as part of the cash dividend distribution[9]. - In 2021, the company's operating revenue reached ¥1,264,045,809.77, representing a 26.12% increase compared to ¥1,002,234,628.72 in 2020[30]. - The net profit attributable to shareholders was ¥195,858,904.67, up 14.65% from ¥170,825,095.22 in the previous year[30]. - The company's total assets increased by 7.34% to ¥2,387,611,670.49 at the end of 2021, compared to ¥2,224,323,224.94 at the end of 2020[30]. - Basic earnings per share rose to ¥0.47, a 17.50% increase from ¥0.40 in 2020[31]. - The weighted average return on equity improved to 15.22%, an increase of 0.69 percentage points from 14.53% in 2020[31]. - The total profit for 2021 was RMB 216.66 million, representing a year-on-year growth of 14.62%, while the net profit attributable to the parent company was RMB 195.86 million, up 14.65%[43]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥44,756,452.29, a decline of 121.67% compared to ¥206,523,151.95 in 2020[30]. - The company reported a net cash outflow from financing activities of -¥133,637,511.61, mainly due to share repurchases for equity incentives[122]. - The net cash flow from investing activities was -144,903,115.40 CNY, an improvement from -298,515,669.42 CNY in the previous period, attributed to cash management through structured deposits[138]. - Cash and cash equivalents decreased by 44.74% to 382,347,703.34 CNY, reflecting significant cash outflows for business development and share repurchase[141]. - The company invested a total of 200 million CNY in a new smart water supply R&D base in Jiangsu, with the project being implemented in two phases[146]. Market and Industry Position - The company aims to enhance water management efficiency through the integration of new technologies and data-driven approaches in the smart water industry[19]. - The company is focused on expanding its market presence and developing new products, including smart water treatment systems and integrated water supply solutions[19]. - The company is positioned to benefit from the increasing demand for smart water solutions driven by urbanization and economic growth, as well as supportive government policies[66]. - The smart water industry is expected to experience significant market expansion due to the urgent need for upgrading related equipment and systems[63]. - The company is committed to improving operational efficiency and emergency response capabilities in water supply systems through advanced technology[63]. Research and Development - The company plans to continue expanding its business in the smart water sector, increasing R&D and market investments to drive revenue growth[31]. - The total R&D investment reached ¥125,597,760.16, with capitalized R&D accounting for 24.92% of the total[133]. - The number of R&D personnel increased by 52.77% to 523, making up 24.30% of the total workforce[135]. - The company has obtained 228 patents and copyrights, including 5 invention patents, demonstrating its commitment to technological innovation[107]. - The company aims to enhance its IoT technology and software platform development in 2022, focusing on expanding its hardware product line and improving operational capabilities[156]. Governance and Management - The company has established a reasonable performance evaluation system with clear performance assessment indicators for each position[184]. - The company actively communicated with investors, responding to inquiries via phone and email, and held an online performance briefing on April 27, 2021[187]. - The company completed the election of the board of directors and supervisors, as well as the appointment of senior management in December 2021[195]. - The management team has extensive experience in various sectors, including engineering, finance, and management, which supports strategic decision-making[192]. - The company is committed to maintaining transparency in its financial reporting and governance practices[192]. Risks and Challenges - The company faces operational risks due to industry fluctuations, particularly in demand for smart water solutions influenced by urbanization and economic cycles[164]. - Increased market competition poses a risk as more players enter the urban and rural water supply industry, necessitating continuous innovation and strategic adaptation[165]. - The company is exposed to raw material price volatility, affecting costs related to stainless steel and other components, which could impact profitability[166]. - Talent retention is critical, as the loss of key technical personnel could hinder ongoing R&D efforts and lead to potential technology leaks[167]. - Changes in government policies regarding water supply and smart water initiatives could directly impact the company's market position and operational risks[171][172].

Financial Performance - Operating revenue for Q1 2022 was CNY 110,569,188.37, a decrease of 25.78% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 54,829,082.71, a decline of 499.65% year-on-year[4] - Basic and diluted earnings per share were both -CNY 0.13, representing a decrease of 533.33%[5] - Total operating revenue for Q1 2022 was ¥110,569,188.37, a decrease of 26% compared to ¥148,971,981.88 in Q1 2021[22] - Net profit for Q1 2022 was a loss of ¥55,082,614.12, compared to a profit of ¥13,554,660.87 in Q1 2021[23] - Operating profit for Q1 2022 was a loss of ¥64,575,791.47, down from a profit of ¥13,456,619.33 in Q1 2021[22] - Total comprehensive income for Q1 2022 was a loss of ¥55,082,614.12, compared to a profit of ¥13,554,660.87 in Q1 2021[23] Cash Flow - Net cash flow from operating activities was -CNY 187,565,246.05, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2022 was a net outflow of ¥187,565,246.05, compared to a net outflow of ¥95,235,627.73 in Q1 2021[24] - The net cash flow from investing activities was -$85,655,491.23, compared to -$23,473,403.88 in the previous period, indicating a significant increase in cash outflow for investments[25] - Cash inflow from financing activities totaled $183,790,000.00, a substantial increase from $2,380,000.00 in the prior period, reflecting strong financing efforts[25] - The net cash flow from financing activities was $180,323,229.89, contrasting with a negative cash flow of -$81,933,462.10 in the previous period, showing improved financial health[25] - The ending cash and cash equivalents balance was $245,870,232.87, down from $461,634,684.53, indicating a decrease in liquidity[25] - The initial cash and cash equivalents balance was $338,767,740.26, down from $662,277,178.24, indicating a significant reduction in available cash at the start of the period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,353,266,054.38, down 1.44% from the end of the previous year[5] - The company’s total liabilities amounted to RMB 1,641,073,872.42, which is an increase from RMB 1,610,000,000.00, indicating a growth of about 1.9%[18] - Total liabilities as of Q1 2022 were ¥1,069,272,764.25, an increase from ¥1,053,695,502.53 in the previous year[22] - Total current liabilities were RMB 694,267,058.66, slightly up from RMB 683,841,712.09, indicating a marginal increase of about 1.9%[18] - The company reported a total non-current asset value of RMB 946,806,813.74, up from RMB 887,936,235.25, marking an increase of about 6.6%[18] Shareholder Information - The company reported a total of 11,204 common shareholders at the end of the reporting period[7] - The largest shareholder, Li Jixi, holds 58.36% of the shares, with 103,387,000 shares pledged[8] Investment and Financing Activities - The company issued 82,474,482 shares at a price of RMB 11.76 per share, raising a total of RMB 969,899,908.32, with a net amount of RMB 959,042,457.88 after expenses[14] - Long-term equity investments increased by 54.92% due to business expansion and acquisitions[6] - The long-term equity investments increased to RMB 217,475,926.29 from RMB 140,377,033.59, showing a growth of approximately 54.9%[18] - Short-term borrowings surged by 293.03%, primarily due to the need for operational funding[6] - The company’s short-term borrowings increased significantly to RMB 239,803,847.90 from RMB 61,013,847.90, reflecting a rise of approximately 292.5%[18] Operational Costs and Expenses - Total operating costs for Q1 2022 were ¥175,582,738.10, up from ¥147,674,000.35 in Q1 2021[22] - Management expenses rose by 50.83%, attributed to increased personnel投入[6] - Inventory levels rose to RMB 187,498,756.92, compared to RMB 147,243,033.62, representing an increase of approximately 27.3%[17] - Cash payments for fixed assets totaled $35,031,039.23, which is higher than $23,981,897.03 in the previous period, reflecting ongoing capital expenditures[25]

Financial Performance - The company's operating revenue for Q3 2021 was ¥359,287,528.56, representing a year-on-year increase of 28.26%[10] - The net profit attributable to shareholders for the same period was ¥71,112,164.11, up 23.45% year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥70,429,121.13, reflecting a 23.99% increase compared to the previous year[10] - The basic earnings per share for the period was ¥0.17, an increase of 24.42% year-on-year[10] - The company experienced a 35.86% increase in operating revenue year-to-date, attributed to the gradual easing of COVID-19 impacts and increased order conversion[11] - The net profit attributable to shareholders year-to-date surged by 68.73%, driven by increased revenue from existing orders and government subsidies[11] - Total operating revenue for the first three quarters of 2021 reached ¥804,968,023.60, a 35.8% increase compared to ¥592,479,092.77 in the same period of 2020[21] - Operating profit for the first three quarters of 2021 was ¥155,276,204.19, up 67.7% from ¥92,562,590.50 in the previous year[21] - Net profit attributable to shareholders of the parent company was ¥141,331,988.40, representing a 68.9% increase from ¥83,760,437.11 in the same period of 2020[22] - Basic earnings per share increased to ¥0.34 from ¥0.20, reflecting a 70% growth year-over-year[22] - The company reported a total profit of ¥154,463,993.86, which is a 70.8% increase from ¥90,427,407.29 in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,088,738,586.95, a decrease of 6.10% from the end of the previous year[10] - As of September 30, 2021, the total assets amounted to ¥2,088,738,586.95, a decrease from ¥2,224,323,224.94 at the end of 2020[18] - The total liabilities were reported at ¥809,068,650.16, down from ¥903,836,136.81 in the previous year[20] - Current assets totaled ¥1,338,023,125.14, compared to ¥1,643,465,604.88 at the end of 2020, indicating a decline of approximately 18.6%[19] - The company's equity attributable to shareholders was ¥1,275,637,458.77, down from ¥1,318,760,319.68[20] - The total assets amounted to 2,224,323,224.94 CNY, with a slight increase to 2,240,807,071.20 CNY after adjustments[31] - The total liabilities increased from 903,836,136.81 CNY to 920,319,983.07 CNY, reflecting a rise in financial obligations[31] - The company reported a total of 560,769,061.15 CNY in current liabilities, which increased to 569,267,051.61 CNY after adjustments[31] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥133,238,564.43, indicating a significant decline of 1,862.83%[10] - Cash flow from operating activities showed a net outflow of ¥133,238,564.43, contrasting with a net inflow of ¥7,558,216.26 in the same period of 2020[25] - The net cash flow from investment activities was -28,391,410.87 CNY, a decrease from -146,882,365.72 CNY in the previous period[26] - The total cash inflow from financing activities was 26,780,000.00 CNY, compared to 29,004,170.03 CNY previously, resulting in a net cash flow from financing activities of -166,480,191.29 CNY, down from -35,587,940.28 CNY[26] - The net increase in cash and cash equivalents was -328,110,166.59 CNY, compared to -174,912,089.74 CNY in the prior period[26] - Cash and cash equivalents decreased to ¥373,383,385.32 from ¥691,885,919.82, representing a drop of about 46%[18] - The cash and cash equivalents at the end of the period were 333,954,652.97 CNY, down from 662,064,819.56 CNY at the beginning of the period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,623[14] - The company held 7,464,000 shares in its repurchase account, accounting for 1.75% of the total shares[15] Research and Development - Research and development expenses rose to ¥61,805,863.56, a 37.2% increase compared to ¥45,006,013.61 in the previous year[21] Other Financial Metrics - The weighted average return on equity for the period was 5.73%, an increase of 0.68 percentage points[10] - The company reported a short-term loan of ¥23,000,000.00, which was not present in the previous year's report[20] - The non-current assets totaled ¥750,715,461.81, an increase from ¥580,857,620.06[19] - The company’s goodwill increased to ¥4,645,614.87 from ¥536,887.25, indicating significant growth in this area[19] - Total operating costs for the first three quarters were ¥647,573,801.65, an increase of 28.6% from ¥503,713,371.42 in the previous year[21] - Sales expenses increased to ¥196,949,693.16, up 24.8% from ¥157,835,325.61 in the same period of 2020[21] Accounting Standards - The company has implemented new leasing standards starting from 2021, affecting the financial statements[28]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥445.68 million, representing a 42.68% increase compared to ¥312.36 million in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥70.22 million, a significant increase of 168.46% from ¥26.16 million in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥58.55 million, reflecting a 187.54% increase from ¥20.36 million year-on-year[23]. - Basic earnings per share increased by 183.33% to CNY 0.17 compared to the same period last year[24]. - Diluted earnings per share rose by 166.67% to CNY 0.16 year-over-year[24]. - The confirmed order amount as of June 30, 2021, was RMB 626,056,900, an increase of 31.81% compared to the same period last year[61]. - The company reported a significant increase in sales to 8,761.07 RMB in the current period compared to 426,548.68 RMB in the previous period for transactions with Qujing Kangyuan Water Co., Ltd.[137]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥99.55 million, compared to -¥69.34 million in the same period last year[23]. - Cash and cash equivalents decreased by 34.13% to ¥455,712,839.10, accounting for 22.95% of total assets, primarily due to increased cash outflows from normal business operations and share repurchases for equity incentives[72]. - The total assets at the end of the reporting period were approximately ¥1.99 billion, a decrease of 10.74% from ¥2.22 billion at the end of the previous year[23]. - The total liabilities decreased to ¥777,473,430.71 from ¥903,836,136.81, resulting in a reduction of the debt ratio from 40.63% to 39.16%[172]. - The ending cash and cash equivalents balance was ¥421,021,891.66, compared to ¥157,947,275.17 at the end of the previous year[188]. Research and Development - Research and development expenses increased by 43.72% to RMB 37,741,500.07 due to heightened investment in R&D[70]. - The company has developed a range of smart water supply products, including pressure boosting stations and water quality analyzers[30]. - The company has been developing its smart water solutions since 2014, focusing on industrial internet concepts and expanding its software and hardware offerings[57]. Market and Industry Trends - The smart water industry in China is benefiting from the macroeconomic development, with GDP surpassing 100 trillion yuan in 2020, marking a significant enhancement in national strength and economic power[53]. - The government has implemented a series of policies to support the development of the smart water industry, including the "Water Pollution Prevention Action Plan" aiming for overall improvement in water quality by 2030[54]. - The market is evolving towards scale, standardization, and high-quality services, leading to increased market concentration and the elimination of non-compliant companies[57]. Corporate Governance and Shareholder Relations - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[7]. - The company emphasizes environmental responsibility, with no major pollution sources identified and compliance with environmental standards confirmed by third-party testing[96]. - The company has committed to optimizing its governance structure and ensuring compliance with relevant laws to protect the interests of minority shareholders[117]. - The company held multiple shareholder meetings in 2021, approving various proposals including amendments to the Articles of Association and share repurchase plans[91]. Risks and Challenges - The company faces operational risks due to industry volatility, particularly influenced by urbanization progress and economic cycles, which may affect demand for smart water solutions[82]. - Increased competition in the urban and rural water supply industry poses a risk, as the market has a low concentration with many participants, necessitating continuous innovation to maintain competitiveness[82]. - The company is exposed to raw material price fluctuations, including stainless steel and electrical components, which can impact operational costs[82]. Investments and Future Plans - The company plans to invest a total of ¥2 billion in a smart water supply production and R&D base in the Su-Xi-Tong Industrial Park, with the project being implemented in two phases[75]. - The company plans to raise RMB 1.3 billion through a non-public offering of shares for the smart water supply and drainage production R&D base project[66]. - The company plans to expand its product offerings to include large prefabricated water plants, containerized integrated water plants, smart dosing systems, and rural drinking water pump stations[141].

Financial Performance - Net profit attributable to shareholders was CNY 13,719,115.28, a significant recovery from a loss of CNY 24,355,525.12 in the same period last year[9] - Operating revenue increased by 83.49% to CNY 148,971,981.88 compared to CNY 81,190,010.60 in the previous year[9] - Basic and diluted earnings per share were both CNY 0.03, recovering from a loss of CNY 0.06 in the previous year[9] - The company reported a total of CNY 11,002,712.41 in non-recurring gains and losses for the period[10] - The total comprehensive income for Q1 2021 was CNY 13,554,660.87, compared to a total comprehensive loss of CNY -24,474,764.47 in Q1 2020[33] - The company's operating revenue for Q1 2021 was CNY 146,676,657.05, a 84.5% increase from CNY 79,522,688.55 in Q1 2020[35] - The net profit for Q1 2021 was ¥13,554,660.87, a turnaround from a net loss of ¥24,474,764.47 in Q1 2020[32] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 95,235,627.73, worsening from -CNY 81,732,118.71 year-on-year[9] - The company's cash flow from operating activities showed a net outflow of RMB -95,235,627.73, compared to RMB -81,732,118.71 in the previous period[18] - The company's cash inflow from operating activities for Q1 2021 was CNY 222,153,165.13, a significant increase of 91.5% compared to CNY 115,964,453.05 in Q1 2020[40] - The net cash flow from operating activities was negative at CNY -98,943,923.95, slightly worse than the previous year's negative cash flow of CNY -93,063,956.04[40] - Cash outflow from investing activities totaled CNY 26,456,134.74, down from CNY 48,812,166.36 in Q1 2020, resulting in a net cash flow from investing activities of CNY -25,447,310.03[40] - The company reported a cash outflow from financing activities of CNY 84,216,409.46, with no cash inflow recorded in this category[40] Assets and Liabilities - Total assets decreased by 7.04% to CNY 2,067,838,906.50 compared to the end of the previous year[9] - The company's current assets totaled CNY 1,444,659,743.47, down from CNY 1,643,465,604.88, indicating a decrease of about 12.09%[27] - The company's total liabilities were CNY 814,352,081.08, down from CNY 903,836,136.81, reflecting a decrease of approximately 9.89%[29] - The total equity attributable to shareholders was CNY 1,250,444,511.38, down from CNY 1,318,760,319.68, indicating a decline of about 5.19%[29] - The company's total liabilities decreased to ¥851,048,074.61 as of March 31, 2021, from ¥944,547,526.85 at the end of 2020, reflecting a reduction of 9.9%[31] - The total assets of the company amounted to ¥2,056,378,116.86 as of March 31, 2021, compared to ¥2,214,437,087.85 at the end of 2020, a decrease of 7.1%[31] Shareholder Information - The total number of shareholders reached 11,470 at the end of the reporting period[11] - The largest shareholder, Li Jixi, holds 58.36% of the shares, with 248,577,000 shares pledged[11] Research and Development - Research and development expenses increased by 38.69% to RMB 17,230,515.44 from RMB 12,423,858.97, reflecting increased investment in R&D projects[16] - Research and development expenses for Q1 2021 were ¥17,230,515.44, an increase of 38.2% compared to ¥12,423,858.97 in Q1 2020[32] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 11,747,829.40, contributing positively to the financial results[10] - The company reported a 380.76% increase in other income, amounting to RMB 15,022,258.85, primarily due to increased government subsidies received[16] - The company incurred a financial expense of CNY 1,620,100.72 in interest costs during Q1 2021, compared to CNY 51,320.85 in the previous year[35] - The company reported a credit impairment loss of ¥3,135,882.56 in Q1 2021, compared to a gain of ¥1,523,191.01 in Q1 2020[32] Investment and Expansion Plans - The company plans to invest a total of RMB 200,000 million in constructing a smart water supply R&D base in the Su-Xi-Tong Technology Industrial Park, with the project divided into two phases[20] - The company executed the new leasing standards starting from 2021, which may impact future financial reporting and cash flow management[41] - The company continues to focus on expanding its operational capabilities and improving cash flow management strategies in the upcoming quarters[43]

Financial Performance - The company reported a total distributable profit of RMB 347,219,668.06 as of December 31, 2020, with a proposed cash dividend of RMB 1.61 per 10 shares, resulting in a total cash dividend distribution of RMB 68,579,576.10, representing a cash dividend ratio of 40.15% for the year[5]. - In 2020, the company's operating revenue reached ¥1,002,234,628.72, representing a 16.73% increase compared to ¥858,584,372.85 in 2019[28]. - The net profit attributable to shareholders was ¥170,825,095.22, a significant increase of 42.11% from ¥120,207,432.28 in the previous year[28]. - The total profit for 2020 reached RMB 18,902.06 million, with a net profit attributable to the parent company of RMB 17,082.51 million, reflecting a growth of 42.11% year-on-year[94]. - The company reported a net cash flow from operating activities of CNY 206,523,151.95, a significant increase of 130.14% year-on-year[105]. Governance and Compliance - The company has established a robust governance structure, with all board members present at the board meeting to ensure accountability[6]. - The company has committed to maintaining transparency and accuracy in its financial reporting, with key management personnel affirming the integrity of the annual report[6]. - The company has established commitments to resolve related party transactions and competition issues, ensuring compliance and operational integrity[171]. - The company has ensured that all commitments made by its actual controllers regarding competition and related party transactions are legally binding and will be enforced[185]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements, advising investors to pay attention to potential risks[6]. - The company faces operational risks due to potential fluctuations in demand for smart water solutions influenced by urbanization and economic cycles[148]. - The company is exposed to intensified market competition as more players enter the water supply industry, necessitating continuous innovation[149]. Research and Development - The company is focused on the development of smart water solutions, utilizing IoT, big data, and cloud computing technologies to enhance the water industry[41]. - Research and development expenses increased by 12.77% to CNY 74,338,738.85, reflecting the company's commitment to innovation[105]. - The total number of R&D personnel was 343, representing 17.34% of the company's total workforce[119]. Market Strategy - The company aims to expand its market presence through innovative products and technologies in the smart water sector[14]. - The company plans to continue investing in new technologies and expanding its market presence in the smart water sector[41]. - The marketing strategy will focus on upgrading customer service capabilities and expanding market reach across different market segments[144]. Product Development - The company has developed a range of new products, including large prefabricated water plants and smart dosing systems, expanding its existing business[48]. - The company launched the Weipai Industrial Internet Smart Water Integration Machine, aimed at providing comprehensive solutions for small and medium-sized water companies[97]. - The company’s hardware products include various water supply equipment and quality analysis instruments, contributing to its market expansion[41]. Shareholder Relations - The company maintains a stable profit distribution policy to ensure reasonable returns for investors[168]. - The cash dividend for 2020 represents an increase of 7.33% compared to the previous year, reflecting the company's commitment to returning value to shareholders[170]. - The company has committed to ensuring effective use of raised funds to prevent dilution of immediate returns, with measures including strict management of fundraising and supervision of fund usage[180]. Infrastructure and Operations - The company has established a sales network covering most regions in China, with branches and service centers in 29 provinces and municipalities[47]. - The company operates a digital factory that utilizes robotic welding and has received a three-star green building certification[54]. - The company has completed the construction of an automated material storage and transportation system, enhancing production efficiency[56]. Industry Trends - The market for smart water management solutions is expanding due to the increasing complexity of water supply network maintenance and the need for real-time monitoring[68]. - The investment in water infrastructure is expected to continue growing, driven by national policies aimed at enhancing water resource management and urban development[63]. - The urbanization rate in China reached 60.60% by 2019, a significant increase from 17.9% in 1978, indicating a growing demand for urban water supply systems[64].