Financial Performance - The company's operating revenue for 2021 was RMB 1,134,388,959.40, representing a year-on-year increase of 6.82% compared to RMB 1,061,939,615.37 in 2020[25]. - The net profit attributable to shareholders of the listed company for 2021 was ¥107,710,437.09, a decrease of 2.77% compared to ¥110,779,971.92 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,324,698.84, down 14.10% from ¥122,612,066.99 in 2020[26]. - The company's total assets increased by 24.81% to ¥4,513,770,851.91 at the end of 2021, compared to ¥3,616,487,582.16 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥0.79, a decrease of 13.19% from ¥0.91 in 2020[27]. - The weighted average return on equity decreased to 7.46% in 2021 from 9.57% in 2020, a decline of 2.11 percentage points[27]. - The net cash flow from operating activities was negative at -¥499,648,882.76, compared to -¥331,807,063.41 in 2020[26]. - The overall gross profit margin for 2021 was 39.9%, an increase of 7 percentage points compared to 2020[41]. Shareholder Actions - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 32,568,888.8, while also increasing capital stock by 3 shares for every 10 shares held, resulting in a total increase of 48,853,334 shares[5]. - The total number of shares after the capital increase will be 211,697,778 shares[5]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The company has held six shareholder meetings and thirteen board meetings during the reporting period, ensuring compliance with relevant regulations and effective execution of resolutions[170][171]. Corporate Governance - The company has established a sound corporate governance structure, with clear responsibilities among the general meeting, board of directors, and supervisory board, ensuring effective internal controls[173]. - The company has maintained strict adherence to information disclosure obligations, ensuring timely and accurate reporting without misleading statements[173]. - The company has established an independent financial accounting system and can make independent financial decisions, with no shared bank accounts with controlling shareholders[176]. - The company has implemented independent human resources management, with all senior management personnel exclusively working for the company and not holding positions in other entities controlled by the shareholders[175]. Market Strategy and Expansion - The company focused on core cities and expanded its market presence in the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area[38]. - The company aims to strengthen product technology R&D investment and continuous innovation, focusing on ecological restoration and sustainable development solutions to enhance customer satisfaction[47]. - Future outlook includes plans for market expansion into Southeast Asia, targeting a 20% increase in market share by 2025[90]. - The company is exploring potential acquisitions to strengthen its position in the ecological restoration market[91]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of $5 million for the upcoming fiscal year[90]. - The company has accumulated 13 invention patents, 71 utility model patents, and 22 software copyrights, demonstrating its rich specialized technology in ecological protection and environmental governance[88]. - The company has obtained a total of 24 new patents in 2021, focusing on ecological and environmental technologies[89]. - The company plans to enhance product research and development, focusing on six product lines and new business areas, while establishing partnerships with universities and research institutions[156]. Industry Outlook - The ecological protection and environmental governance industry is characterized by strong public welfare features and is heavily influenced by government policies and economic cycles[53]. - The ecological protection industry is expected to have a positive long-term outlook, with opportunities and challenges coexisting as the market becomes more regulated[147]. - The environmental governance industry in China is expected to maintain a compound growth rate of around 10% during the 14th Five-Year Plan period, with revenue projected to exceed 3 trillion yuan by 2025[51]. Operational Efficiency - The company is actively improving its internal control management and organizational structure to enhance operational efficiency and reduce costs, following recommendations from external consulting firms[49]. - The company aims to reduce operational costs by 10% through improved efficiency in its production processes[92]. - The company is experiencing cash flow volatility risks due to its rapid business development and large project scales, which may affect liquidity[166]. Project Management - The company implemented a project manager responsibility system to ensure timely project delivery and quality assurance[39]. - The company is actively pursuing PPP projects, including a significant contract with the Liuzhi Special District for ecological environment poverty alleviation, valued at CNY 650 million[106]. - The company confirmed construction contract revenues of RMB 313 million, RMB 270 million, RMB 76 million, RMB 71 million, and RMB 115 million for the years 2017 to 2021 respectively[112]. Employee and Management Structure - As of the end of 2021, the company had 631 employees, with 84.79% holding a bachelor's degree or higher, including 21.23% with a master's degree and 0.63% with a doctoral degree[83]. - The company employed 105 R&D personnel, making up 16.64% of the total workforce[124]. - The total pre-tax remuneration for the entire board of directors and supervisors amounted to 11,134,900 RMB[184]. Customer Engagement - The company reported a significant increase in user engagement, with a 15% growth in active users year-over-year[90]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[185].

Financial Performance - The company's operating revenue for Q3 2021 was ¥364,055,671.62, representing a year-on-year increase of 3.36%[3] - The net profit attributable to shareholders for Q3 2021 was ¥44,124,636.40, a decrease of 21.48% compared to the same period last year[3] - The net profit attributable to shareholders for the year-to-date period increased by 37.18% to ¥92,742,586.62[3] - Total operating revenue for the first three quarters of 2021 reached ¥845,591,641.26, a 33.3% increase from ¥634,563,666.03 in the same period of 2020[17] - Net profit for the first three quarters of 2021 was ¥94,209,839.01, representing a 37.9% increase compared to ¥68,357,380.66 in 2020[18] - Earnings per share for the first three quarters of 2021 were ¥0.73, compared to ¥0.56 in the same period of 2020[19] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥4,591,032,350.18, an increase of 26.95% from the end of the previous year[4] - Total assets reached ¥4,591,032,350.18, compared to ¥3,616,487,582.16 at the end of 2020[14] - Total current assets increased to ¥2,905,428,000.09 from ¥2,191,212,092.13 year-over-year[14] - Total liabilities increased to ¥2,623,161,574.55 from ¥2,271,639,663.30 year-over-year[15] - The company’s total equity rose to ¥1,967,870,775.63, up from ¥1,344,847,918.86 in the previous year[15] - The company reported a total asset value of CNY 3,616,487,582.16, reflecting a minor increase of CNY 28,795,653.39 from the previous period[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,568[10] - The largest shareholder, Beijing Huiheng Investment Co., Ltd., holds 63,212,000 shares, accounting for 38.82% of total shares[10] - The total equity attributable to shareholders was CNY 1,212,888,962.50, consistent with previous reports[26] Cash Flow - The cash flow from operating activities showed a significant decline, with a net amount of -¥389,010,904.52, a decrease of 70.94% year-on-year[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥519,605,687.21, compared to ¥439,180,270.26 in 2020[20] - The net cash flow from operating activities was -389,010,904.52 RMB, compared to -227,568,121.44 RMB in the previous year, indicating a decline in operational performance[21] - Total cash inflow from financing activities reached 1,184,809,113.57 RMB, significantly higher than 544,244,011.11 RMB in the same quarter last year[22] - The net cash flow from financing activities was 743,062,298.14 RMB, up from 176,818,372.40 RMB year-over-year, reflecting improved capital raising efforts[22] Investment and Expenses - Research and development expenses for the first three quarters of 2021 were ¥30,857,679.51, slightly down from ¥34,166,475.58 in 2020[17] - The company reported a financial expense of ¥22,355,163.64 for the first three quarters of 2021, significantly higher than ¥3,289,400.58 in 2020[17] - The company made cash payments of 100,000,000.00 RMB related to investment activities, reflecting ongoing investment strategies[21] Changes in Financial Standards - The company adopted new leasing standards effective January 1, 2021, impacting the financial statements but not requiring adjustments for prior periods[27]