Financial Performance - Net profit attributable to shareholders increased by 15.87% to CNY 7,046,122.97 compared to the same period last year[5] - Operating revenue rose by 13.54% to CNY 45,783,672.86 compared to the previous year[5] - Basic earnings per share increased by 36.36% to CNY 0.15 compared to the previous year[5] - Total revenue for Q1 2021 was CNY 45,783,672.86, an increase of 13.8% compared to CNY 40,324,216.17 in Q1 2020[24] - Operating profit for Q1 2021 was CNY 6,644,622.76, slightly down from CNY 6,850,849.62 in Q1 2020, reflecting a decrease of 3.0%[24] - Net profit for Q1 2021 reached CNY 10,450,771.05, a significant increase of 61.5% from CNY 6,496,948.08 in Q1 2020[25] - Basic earnings per share for Q1 2021 was CNY 0.15, up from CNY 0.11 in Q1 2020, representing a growth of 36.4%[25] - The company reported a total profit of CNY 10,638,070.90 for Q1 2021, compared to CNY 7,339,918.97 in Q1 2020, marking an increase of 45.5%[25] Assets and Liabilities - Total assets increased by 55.8% to CNY 1,978,355,382.53 compared to the end of the previous year[5] - The company's net assets attributable to shareholders increased by 81.51% to CNY 1,758,652,030.79 compared to the end of the previous year[5] - The company's total current assets reached CNY 1,695,079,682.87, compared to CNY 1,048,468,904.58 at the end of 2020, indicating a rise of about 61.5%[17] - The total liabilities decreased to CNY 219,703,351.74 from CNY 300,907,417.83, reflecting a reduction of about 26.9%[19] - The company's equity attributable to shareholders rose to CNY 1,758,652,030.79, up from CNY 968,912,566.85, which is an increase of approximately 81.5%[19] - Total liabilities decreased to CNY 319,369,117.71 in Q1 2021 from CNY 392,822,396.02 in Q1 2020, a reduction of 18.6%[23] - The company’s short-term borrowings decreased to CNY 3,000,000 from CNY 3,500,000, a reduction of about 14.3%[19] - The total liabilities to equity ratio improved, reflecting a stronger financial position as the company continues to manage its debt effectively[19] Cash Flow - The net cash flow from operating activities decreased by 46.34% to CNY -87,770,043.13 compared to the same period last year[5] - In Q1 2021, the company reported a net cash flow from operating activities of -87,770,043.13 RMB, compared to -59,978,090.86 RMB in Q1 2020, indicating a decline in operational cash flow[30] - Total cash inflow from operating activities was 54,873,846.60 RMB, down from 73,000,048.29 RMB in the same period last year, reflecting a decrease of approximately 25.1%[30] - The company experienced a significant increase in cash inflow from financing activities, totaling 796,106,733.11 RMB, compared to no inflow in Q1 2020[33] - The net increase in cash and cash equivalents for the period was 641,713,643.17 RMB, contrasting with a decrease of -59,813,775.57 RMB in Q1 2020[31] - The total cash and cash equivalents at the end of Q1 2021 reached 890,070,055.95 RMB, a significant increase from 181,705,467.46 RMB at the end of Q1 2020[31] Expenses - Research and development expenses increased to CNY 5,734,261.28 in Q1 2021, up 68.4% from CNY 3,403,894.49 in Q1 2020[24] - Operating costs for Q1 2021 were CNY 39,122,976.86, an increase of 17.3% from CNY 33,361,963.16 in Q1 2020[24] - The company paid 35,282,035.88 RMB in employee compensation during Q1 2021, compared to 32,335,483.82 RMB in Q1 2020, marking an increase of approximately 9.1%[30] - Cash paid for purchasing goods and services was 73,287,862.79 RMB in Q1 2021, up from 58,821,441.44 RMB in Q1 2020, indicating a rise of about 24.6%[30] Inventory and Receivables - Accounts receivable as of March 31, 2021, were CNY 466,374,297.11, slightly down from CNY 478,616,002.95 at the end of 2020, a decrease of about 2.6%[17] - The company reported a total inventory of CNY 7,791,093.34, which is comparable to CNY 7,585,384.20 at the end of 2020, showing a marginal increase of about 2.7%[17] Investments - The company reported a total cash outflow from investing activities of 63,523,409.37 RMB in Q1 2021, compared to 449,824.72 RMB in Q1 2020, showing a substantial increase in investment expenditures[33] Other Information - The number of shareholders reached 16,704 by the end of the reporting period[10] - Non-recurring gains and losses totaled CNY 3,404,648.08 for the reporting period[8] - The company experienced a decrease of 0.02 percentage points in the weighted average return on net assets to 0.77%[5] - The company raised funds through an IPO, leading to significant changes in cash and capital reserves[12] - The company’s total comprehensive income for the period was not disclosed in the provided documents, indicating a need for further analysis on overall performance metrics[28]

Financial Performance - The company's operating revenue for 2020 was CNY 559,929,824.68, representing a 5.18% increase compared to CNY 532,365,068.73 in 2019[19] - The net profit attributable to shareholders for 2020 was CNY 161,597,989.13, which is a 9.26% increase from CNY 147,902,338.48 in 2019[19] - The net profit after deducting non-recurring gains and losses was CNY 156,908,600.07, reflecting a 6.68% increase from CNY 147,085,517.47 in 2019[19] - Basic earnings per share for 2020 was CNY 2.76, an increase of 9.09% compared to CNY 2.53 in 2019[21] - Diluted earnings per share for 2020 also stood at CNY 2.76, reflecting the same 9.09% increase from the previous year[21] - Total revenue for the fourth quarter of 2020 was CNY 178,890,366.94, with net profit attributable to shareholders at CNY 68,132,129.56[24] - The company reported a total profit for 2020 of CNY 188,122,430.84, compared to CNY 171,911,462.13 in 2019, reflecting a growth of 9.4%[200] - The total comprehensive income for 2020 was CNY 161,597,989.13, compared to CNY 147,902,338.48 in 2019, indicating a growth of 9.4%[198] Cash Flow and Assets - The cash flow from operating activities for 2020 was CNY 22,498,067.03, showing a decrease of 24.66% compared to CNY 29,861,920.14 in 2019[19] - The total assets at the end of 2020 were CNY 1,269,819,984.68, which is a 20.02% increase from CNY 1,057,964,795.08 at the end of 2019[19] - The company's total assets as of December 31, 2020, amounted to CNY 1,291,624,774.77, up from CNY 1,063,842,533.96 in 2019, marking a growth of about 21.4%[194] - Cash and cash equivalents at the end of 2020 were CNY 250,592,045.06, a slight decrease from CNY 252,098,194.87 at the end of 2019[194] - The total current assets increased to CNY 1,048.47 million in 2020, up from CNY 849.61 million in 2019, representing a growth of approximately 23.4%[189] Research and Development - The company has a strong R&D team of 62 personnel, including 7 PhDs and 34 Masters, led by Professor He Wenhui[43] - The company’s total R&D investment was 22,775,971.3 CNY, accounting for 4.07% of total revenue[63] - Research and development expenses for 2020 were CNY 22,775,971.30, slightly down from CNY 23,599,220.66 in 2019, indicating a decrease of about 3.5%[197] - The company aims to enhance its core materials research and improve brand recognition while adhering to the principle of "technology serving business, and business serving customers" in its operations[78] Market Position and Strategy - The company is recognized as a leading enterprise in the water environment ecological governance industry, benefiting from technological, brand, talent, and regional operational advantages[39] - The company primarily serves government departments, state-owned enterprises, and real estate companies through an EPC model for water ecological restoration[31] - The company has successfully expanded its business across multiple regions, covering over ten provinces and municipalities in China[43] - The company aims to provide a series of follow-up services to clients, transitioning from a water environment ecological governance provider to a comprehensive service provider[83] Risks and Challenges - The company has detailed risk factors related to its future development in the report[5] - Extreme weather changes pose risks to outdoor construction projects, potentially leading to extended construction periods and increased costs[86] - Rising labor costs are a concern, although the company has managed to keep labor cost ratios stable through improved management practices[86] - The company faces risks from market competition as large enterprises enter the water environment ecological governance sector, potentially impacting the performance of specialized companies[84] Shareholder Commitments and Governance - The company has commitments from major shareholders to not transfer or manage their shares for 12 to 36 months post-IPO, ensuring stability in shareholding[100] - The controlling shareholder has committed to not transferring shares for 36 months post-IPO, with additional restrictions on share transfers during their tenure[99] - The company has maintained compliance with all regulatory commitments related to its IPO and shareholding structure[100] - The company has committed to avoid unfair benefit transfers to other entities or individuals and to not engage in unrelated investments or consumption activities[113] Employee and Management Structure - The company employed a total of 993 staff, with 342 in the parent company and 651 in major subsidiaries[157] - The professional composition of employees includes 735 production personnel, 32 sales personnel, 62 technical personnel, 23 financial personnel, and 141 administrative personnel[157] - The remuneration decision for directors and supervisors is made by the shareholders' meeting, while senior management remuneration is determined by the board of directors[154] - The current board includes experienced professionals from various sectors, enhancing the company's governance[150] Audit and Compliance - The company received a standard unqualified audit report from Rongcheng Accounting Firm[6] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2020[171] - The company has not reported any significant issues regarding independent operation capabilities or competition with controlling shareholders[166]