证券代码：688057 证券简称：金达莱 公告编号：2022-016 江西金达莱环保股份有限公司 关于参加江西辖区上市公司 2022 年投资者集体接待日活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流工作，江西金达莱环保股份有限公司（以 下简称"公司"）将参加由江西省上市公司协会联合深圳市全景网络有限公司举 办的主题为"伴行投资者，共筑高质量发展"江西上市公司 2022 年投资者集体 接待日活动。现将有关事项公告如下： 本次活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程的方 式举行，投资者可以登录"全景路演"网站（http://rs.p5w.net）或关注微信 公众号：全景财经，或下载全景路演 APP，参与公司本次投资者集体接待日活动， 活动时间为 2022 年 5 月 27 日 15:00 至 16:30。 届时公司的董事长、总经理廖志民先生、董事会秘书杨晨露女士、财务总监 许可先生将通过网络在线交流形式与投资者就 2021 年年报、公司治理、发展战 略、经营状况和可 ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 209,422,125.92, representing a year-on-year increase of 2.93%[2] - The net profit attributable to shareholders was CNY 95,925,617.40, reflecting a growth of 3.76% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was CNY 95,815,801.14, which increased by 10.99% year-on-year[2] - The basic earnings per share (EPS) for the period was CNY 0.3476, up by 3.76% from the previous year[2] - The company's net profit for Q1 2022 was CNY 95,203,662.43, a slight increase from CNY 93,748,421.55 in Q1 2021, representing a growth of approximately 1.55%[20] - Operating profit for Q1 2022 reached CNY 107,924,225.56, compared to CNY 98,419,128.58 in the same period last year, indicating an increase of about 9.5%[20] - Total revenue from operating activities was CNY 201,200,356.09, up from CNY 162,864,444.10 in Q1 2021, reflecting a growth of approximately 23.4%[23] - The company recorded a total comprehensive income of CNY 94,172,621.55 for Q1 2022, compared to CNY 94,165,612.54 in the previous year, showing a marginal increase[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,697,342,068.72, showing a slight increase of 0.25% from the end of the previous year[3] - Total assets as of March 31, 2022, amounted to RMB 3,697,342,068.72, slightly up from RMB 3,688,148,306.86 at the end of 2021[15] - Total liabilities decreased to RMB 381,726,234.92 as of March 31, 2022, compared to RMB 466,705,094.61 at the end of 2021, a decrease of about 18.2%[15] - Non-current assets totaled RMB 424,679,005.12 as of March 31, 2022, slightly down from RMB 427,009,991.15 at the end of 2021[15] - The company's retained earnings increased to RMB 1,006,812,867.28 as of March 31, 2022, compared to RMB 910,887,249.88 at the end of 2021, reflecting a growth of approximately 10.6%[16] - The company’s total equity increased to RMB 3,315,615,833.80 as of March 31, 2022, compared to RMB 3,221,443,212.25 at the end of 2021, an increase of approximately 2.9%[16] Cash Flow - The net cash flow from operating activities was CNY 18,331,057.57, with no applicable year-on-year comparison due to changes in cash collection[6] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 18,331,057.57, compared to a negative cash flow of CNY -22,827,321.75 in Q1 2021[23] - Cash and cash equivalents as of March 31, 2022, were RMB 1,599,480,395.36, down from RMB 2,143,592,710.28 at the end of 2021, a decline of approximately 25.4%[14] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 979,910,351.79, an increase from CNY 768,928,201.07 at the end of Q1 2021[24] - The net cash flow from financing activities was CNY 9,766,325.44, a recovery from a negative cash flow of CNY -5,593,678.38 in Q1 2021[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,018[7] - The top shareholder, Liao Zhimin, held 126,760,500 shares, representing 45.93% of the total shares[9] Research and Development - The company's R&D investment totaled CNY 13,774,984.60, which accounted for 6.58% of operating revenue, a decrease of 0.25 percentage points compared to the previous year[2] - Research and development expenses for Q1 2022 were CNY 12,584,106.53, slightly down from CNY 13,071,385.48 in Q1 2021[20] Contracts and Future Performance - The company signed a contract worth RMB 22,500,000 with Shaanxi Coal and Chemical Industry Group for underground wastewater treatment equipment, expected to positively impact annual performance[11]

Financial Performance - The company's operating revenue for 2021 was CNY 912.60 million, a decrease of 6.00% compared to CNY 970.88 million in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 383.04 million, down 0.94% from CNY 386.69 million in 2020[23]. - The basic earnings per share for 2021 was CNY 1.39, a decrease of 23.65% from CNY 1.82 in 2020[24]. - The company's gross profit margin has remained stable at 60% to 70% over recent years, reflecting its focus on high-value and high-margin service areas[35]. - The company's main business revenue reached ¥910,438,852.53, a year-on-year decrease of 6.01%[111]. - The water environment overall solution revenue was ¥336,811,741.40, down 27.76% due to project delays caused by the pandemic[112]. - Revenue from water pollution control equipment increased by 4.18% to ¥315,165,981.30, attributed to the completion of several projects[112]. - The water pollution control project operations revenue rose by 25.48% to ¥223,445,144.68, driven by an increase in operational projects[112]. - Other business revenue surged by 60.04% to ¥35,015,985.15, mainly due to increased maintenance and design fees[112]. - The company's operating cost for the reporting period was CNY 316,501,370.85, down 5.24% year-on-year, primarily due to the slowdown in the progress of water environment solutions projects[108]. Dividend Policy - The company plans to distribute cash dividends of RMB 10.00 per 10 shares, totaling approximately RMB 276 million, which accounts for 72.05% of the net profit attributable to shareholders for 2021[5]. - The company has established a cash dividend policy that stipulates a minimum annual cash dividend of 10% of the distributable profit, with a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[178]. - The company has not proposed any stock dividends or capital reserve transfers during the reporting period[179]. Research and Development - Research and development expenses accounted for 5.84% of operating revenue in 2021, an increase of 0.38 percentage points from 5.46% in 2020[24]. - The total R&D investment for the year was approximately ¥53.30 million, representing a 0.60% increase compared to the previous year, with R&D expenses accounting for 5.84% of total revenue[81]. - The company has developed 20 ongoing research projects and added 5 new patents during the reporting period, bringing the total to 106 authorized patents, including 62 invention patents[36]. - The company is focusing on enhancing its R&D capabilities and expand its R&D center to optimize core processes and improve environmental benefits[141]. - The company plans to promote a distributed water treatment model and expand its market presence in municipal wastewater treatment and black-odor water governance[141]. Technology and Innovation - The company has developed the FMBR technology for organic wastewater treatment, significantly improving effluent quality while minimizing sludge production[12]. - The company's FMBR technology offers significant advantages, including reduced organic sludge, lower operational costs, and high integration, leading to stable effluent quality and lower comprehensive costs[57]. - The FMBR process allows for simultaneous removal of carbon, nitrogen, and phosphorus pollutants, significantly improving effluent quality and reducing sludge production[70]. - The company has developed a PLC intelligent control system that automates the operation of the FMBR system, achieving unattended operation and precise control of various parameters[74]. - The company is focusing on technological advancements and core competencies to enhance its competitive edge in the market[155]. Market Position and Strategy - The company is positioned in a rapidly growing water environment governance market, with significant government support and increasing regulatory requirements for pollution control[54]. - The company has become a leading provider in the rural sewage treatment market in China, with a significant market share in the sector[58]. - The company is actively exploring overseas markets, particularly in regions like the United States, to seek new growth opportunities despite current project delays due to the pandemic[38]. - The company aims to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[157]. - The company is committed to improving internal controls and governance levels, optimizing internal management teams to enhance decision-making efficiency[145]. Environmental Compliance and Sustainability - The company has established a comprehensive environmental management system, including regulations and emergency response plans, ensuring compliance with environmental laws[195]. - The company actively promotes resource conservation and energy efficiency, utilizing high-efficiency equipment to reduce unnecessary consumption of electricity and water[196]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, demonstrating adherence to environmental regulations[191]. - The company’s wastewater treatment processes allow for the recycling of treated water for irrigation and ecological restoration, contributing to sustainable development[200]. - The company has received recognition as an advanced collective in ecological civilization construction from the Jiangxi provincial government[198]. Governance and Management - The company has established a scientific governance structure and has been improving various operational rules to ensure orderly daily operations[148]. - The company’s board and supervisory committees have played a positive role in protecting minority investors' interests and ensuring scientific decision-making[148]. - The company has implemented a robust internal control system, with no significant deficiencies reported during the reporting period[183]. - The company has established specialized committees under the board, including the audit committee, nomination committee, compensation and assessment committee, and strategic committee[167]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to CNY 1,099.74 million[161]. Risks and Challenges - The company faces risks related to the malicious imitation of its proprietary technologies, which could adversely affect its market position and operational stability[98]. - The company is exposed to risks from changes in environmental policies that could impact government investment in water treatment projects[102]. - The company continues to face risks related to the promotion of its FMBR technology, as traditional methods remain preferred by clients[99]. - The company has implemented measures to manage accounts receivable effectively, but remains vulnerable to potential delays in payments from government clients[101]. - The company is actively seeking to expand its customer base and markets to mitigate risks associated with a rapidly changing client demographic[100].

Financial Performance - The company's operating revenue for Q3 2021 was ¥212,602,989.83, a decrease of 19.41% compared to the same period last year[5] - The net profit attributable to shareholders was ¥92,705,607.65, down 12.11% year-on-year[5] - The basic earnings per share for the period was ¥0.3359, reflecting a decline of 33.39% compared to the previous year[6] - Total operating revenue for the first three quarters of 2021 was CNY 728,533,594, a decrease of 6.06% compared to CNY 775,602,189.30 in the same period of 2020[18] - Net profit for the third quarter of 2021 was CNY 304,694,087.46, slightly down from CNY 306,699,948.84 in the same quarter of 2020, representing a decrease of 0.65%[20] - Earnings per share for the third quarter of 2021 were CNY 1.0893, compared to CNY 1.4852 in the same quarter of 2020, reflecting a decline of 26.6%[21] - The total comprehensive income for the third quarter of 2021 was CNY 305,162,537.38, slightly down from CNY 305,991,636.76 in the same quarter of 2020[21] Research and Development - Research and development expenses totaled ¥12,433,143.86, an increase of 127.40% year-on-year, representing 5.85% of operating revenue[6] - Research and development expenses for the first three quarters of 2021 were CNY 38,645,497.02, up from CNY 32,440,305.54 in the same period of 2020, indicating a growth of 19.5%[18] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥13,366,791.67, down 92.92% compared to the same period last year[5] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 472.81 million, a decrease of 23.2% compared to CNY 616.32 million in the same period of 2020[24] - Net cash flow from operating activities in Q3 2021 was CNY 13.37 million, down 92.9% from CNY 188.83 million in Q3 2020[25] - Total cash outflow from investing activities in Q3 2021 was CNY 1.31 billion, significantly higher than CNY 391.56 million in Q3 2020, resulting in a net cash flow of -CNY 15.73 million[26] - Cash outflow from financing activities in Q3 2021 was CNY 318.36 million, compared to CNY 258.48 million in Q3 2020, leading to a net cash flow of -CNY 285.68 million[26] - The ending cash and cash equivalents balance as of Q3 2021 was CNY 592.19 million, a decrease from CNY 879.77 million at the beginning of the period[26] - Cash received from other investment activities in Q3 2021 was CNY 1.29 billion, a substantial increase from CNY 300 million in Q3 2020[25] - Cash paid for purchasing goods and services in Q3 2021 was CNY 237.22 million, an increase of 23% compared to CNY 192.95 million in Q3 2020[25] - Cash received from tax refunds in the first three quarters of 2021 was CNY 5.47 million, down 51.7% from CNY 11.32 million in the same period of 2020[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,569,917,789.87, a decrease of 1.58% from the end of the previous year[6] - The company's current assets totaled ¥3,160,247,181.04, slightly down from ¥3,222,349,673.59 in the previous year[13] - Accounts receivable increased to ¥865,297,988.13 from ¥632,419,463.08 year-over-year, reflecting a growth of approximately 37%[13] - Inventory decreased to ¥93,747,004.47 from ¥149,441,537.56, indicating a reduction of about 37%[13] - The company's non-current assets totaled ¥409,670,608.83, a slight increase from ¥404,955,327.64 in the previous year[15] - The total liabilities included accounts payable of ¥189,148,389.64, which remained relatively stable compared to ¥190,226,399.72 in the previous year[15] - The company reported a significant decrease in short-term borrowings, with accounts payable dropping to ¥64,947,822.50 from ¥123,328,082.97[15] - The cash and cash equivalents stood at ¥2,034,549,656.70, down from ¥2,323,661,761.22 at the end of 2020[13] - Total liabilities decreased to CNY 427,071,656.73 in Q3 2021 from CNY 514,659,151.47 in Q3 2020, a reduction of 16.98%[18] - Total equity increased to CNY 3,142,846,133.14 in Q3 2021 from CNY 3,112,645,849.76 in Q3 2020, an increase of 0.96%[18] - The company’s long-term borrowings decreased to CNY 19,000,000.00 in Q3 2021 from CNY 20,200,000.00 in Q3 2020, a decrease of 5.94%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,619[11] - The largest shareholder, Liao Zhimin, holds 45.93% of the shares, totaling 126,760,500 shares[11] Accounting Standards and Adjustments - The company implemented the "Accounting Standards for Enterprises No. 21 - Leases" effective January 1, 2021, adjusting retained earnings and related financial statement items accordingly[29]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[12]. - The net profit attributable to shareholders for the first half of 2021 was RMB 20 million, an increase of 10% year-on-year[12]. - The company's operating revenue for the first half of the year reached ¥515,930,604.17, representing a year-on-year increase of 0.81%[18]. - The net profit attributable to shareholders was ¥207,937,477.46, up 2.41% compared to the same period last year[18]. - The company achieved operating revenue of ¥515,930,604.17, representing a year-on-year growth of 0.81% driven by the increase in water pollution control equipment and project operations[84]. - The total comprehensive income for the first half of 2021 was CNY 210,692,717.14, compared to CNY 203,212,703.57 in the same period of 2020, showing an increase of approximately 3.7%[181]. - The total revenue for the first half of 2021 reached CNY 1,216,189,183.08, up from CNY 1,157,587,201.32 in the same period last year[199]. Research and Development - The company plans to invest RMB 50 million in R&D for new technologies and products in the next fiscal year, focusing on heavy metal wastewater treatment solutions[12]. - The research and development expenditure as a percentage of operating revenue increased to 5.23%, up 1.17 percentage points from the previous year[20]. - Research and development (R&D) expenses increased by 34.96% year-on-year, totaling approximately ¥26.97 million, which represents 5.23% of operating revenue[56]. - The company has developed a new FMBR technology suitable for rural wastewater treatment, enhancing its application in both urban and rural settings[53]. - The company has made significant progress in R&D, with 11 ongoing projects aimed at various wastewater treatment technologies, including medical wastewater and industrial wastewater[62]. - The company has achieved a total of 106 authorized patents, including 63 invention patents, with 2 new patents granted during the reporting period[54]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 25% in the first half of 2021, reaching a total of 500 active clients[12]. - The company aims to expand its market presence by entering three new provinces by the end of 2021, targeting a 20% increase in market share[12]. - The company continues to expand its market presence, driven by growth in water pollution control equipment and project operations[21]. - The company is focusing on expanding its market in municipal wastewater treatment, rural water environment governance, and black and odorous water treatment[73]. - The company is actively expanding its overseas business, with subsidiaries established in Colorado and New York to enhance international competitiveness[81]. Technology and Innovation - The company has successfully developed the FMBR technology, which significantly enhances wastewater treatment efficiency and reduces sludge production by 30%[10]. - The FMBR technology developed by the company significantly improves wastewater treatment efficiency by synchronously degrading carbon, nitrogen, and phosphorus pollutants, leading to a substantial enhancement in effluent quality[48]. - The company has developed a complete set of standardized FMBR integrated technology equipment, which significantly reduces organic residual sludge and has a low comprehensive cost, achieving stable effluent quality and high integration[27]. - The FMBR process has been included in the recommended technology directory by eight national ministries, receiving multiple awards for innovation and environmental contributions[31]. Financial Position and Cash Flow - The company has maintained a strong cash position with cash and cash equivalents amounting to RMB 30 million as of June 30, 2021[12]. - The net cash flow from operating activities decreased significantly by 99.32%, amounting to ¥497,677.13, primarily due to reduced collections and increased cash payments for goods and services[18]. - Cash and cash equivalents at the end of the period amounted to 2,024,033,280.86 yuan, accounting for 58.37% of total assets, down 12.89% from the previous year[87]. - The company reported a significant decline in net cash flow from operating activities, down 99.32% to ¥497,677.13[84]. - The company’s total assets as of June 30, 2021, were ¥3,467,696,865.29, down from ¥3,627,305,001.23, a decrease of approximately 4.4%[172]. Environmental Compliance and Social Responsibility - The company has successfully implemented its FMBR technology in over a thousand water pollution control projects, recognized as a leading enterprise in rural sewage treatment by China Water Network[108]. - The company’s wastewater treatment facilities have passed environmental inspections and are operating normally, ensuring compliance with environmental regulations[104]. - The company has established emergency response plans for environmental incidents, in line with relevant legal requirements[106]. - The company actively participates in social welfare activities, contributing to rural revitalization and improving living conditions for villagers through various forms of assistance[109]. Shareholder and Governance Practices - The company committed to a share lock-up period of 36 months from the date of its IPO, during which no shares can be transferred or managed by others[112]. - The company will ensure compliance with all regulatory requirements regarding shareholding changes and transfers[113]. - The company has established a comprehensive internal control system to enhance governance and protect investor rights[75]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and the public[113]. - The company has committed to fulfilling all public commitments made during its initial public offering and will accept social supervision[134].

证券代码：688057 证券简称：金达莱 公告编号：2021-020 江西金达莱环保股份有限公司 关于参加江西辖区上市公司 2021 年投资者集体接待日活动的公告 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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2021 年 5 月 14 日下午 15:00-17:00 参加由江西省上市公司协会联合深圳市全景网络有限公司 举办的主题为"心系投资者 携手高质量发展"江西上市公司 2021 年投资者集体 接待日活动。现将有关事项公告如下： 本次集体接待日网上交流网址：投资者可以登录 http://rs.p5w.net 进入专 区页面参与交流。 出席本次集体接待日的人员有：公司董事、副总经理陶琨女士、董事会秘书 杨晨露女士、财务总监许可先生。 欢迎广大投资者积极参与。 特此公告。 江西金达莱环保股份有限公司 董事会 2021 年 5 月 11 日 1 / 1 ...

Financial Performance - Operating revenue rose by 35.14% to CNY 203,454,516.43 year-on-year[5] - Net profit attributable to shareholders increased by 35.91% to CNY 92,449,717.51 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses grew by 29.89% to CNY 86,329,629.96[5] - Basic earnings per share rose by 32.23% to CNY 0.4345[5] - The company reported a total profit of CNY 105,968,440.63 for Q1 2021, compared to CNY 75,892,376.29 in Q1 2020, an increase of 39.6%[26] - Net profit for Q1 2021 reached CNY 93,748,421.55, representing a 36.8% increase compared to CNY 68,571,632.33 in Q1 2020[27] Assets and Liabilities - Total assets increased by 0.64% to CNY 3,650,380,293.32 compared to the end of the previous year[5] - The total number of shareholders reached 16,689 at the end of the reporting period[10] - Total liabilities decreased to CNY 522,581,782.22 in Q1 2021 from CNY 568,750,046.02 in Q1 2020, a reduction of 8.1%[26] - The company’s equity increased to ¥3,207,451,462.30 from ¥3,112,645,849.76, reflecting a growth of about 3.04%[19] - Total liabilities decreased to ¥442,928,831.02 from ¥514,659,151.47, a reduction of approximately 13.93%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -22,827,321.75, compared to CNY -11,149,849.52 in the previous year[5] - The company reported a net cash flow from operating activities of -22,827,321.75 RMB, compared to -11,149,849.52 RMB in Q1 2020, indicating a decline in operational cash flow[34] - The total cash inflow from operating activities was 162,864,444.10 RMB, while cash outflow was 185,691,765.85 RMB, resulting in a net cash flow deficit[34] - The company experienced a significant cash outflow in investment activities, totaling -82,836,589.24 RMB, compared to -183,245,349.13 RMB in Q1 2020[34] Research and Development - Research and development expenses accounted for 6.83% of operating revenue, an increase of 1.01 percentage points[5] - Research and development expenses rose by 49.13% to CNY 13,071,385.48 from CNY 8,765,340.93, indicating increased investment in R&D[14] - Research and development expenses rose to CNY 13,071,385.48 in Q1 2021, up 49.5% from CNY 8,765,340.93 in Q1 2020[26] Shareholder Information - The largest shareholder, Liao Zhimin, holds 45.93% of the shares, totaling 126,760,500 shares[11] - Shareholders' equity increased to CNY 3,046,181,111.35 in Q1 2021 from CNY 2,987,274,188.34 in Q1 2020, an increase of 2.0%[26] Tax and Financial Expenses - The company’s income tax expense increased by 66.92% to CNY 12,220,019.08 from CNY 7,320,743.96, correlating with the growth in profits[14] - The company’s financial expenses showed a significant decrease of 744.54%, resulting in a financial income of CNY -2,009,872.86 compared to CNY 311,832.77 in the previous year[13] Inventory and Receivables - Accounts receivable financing increased by 64.78% to CNY 20,764,280.28 from CNY 12,601,005.05, primarily due to an increase in bank acceptance bills received[13] - Inventory decreased to ¥139,481,706.53 from ¥149,441,537.56, showing a decline of about 6.67%[18] - Accounts receivable increased to ¥655,838,089.63 from ¥632,419,463.08, representing a rise of approximately 3.25%[18]

Financial Performance - The company reported a total share capital of 276 million shares as of December 31, 2020[5]. - The company's operating revenue for 2020 was CNY 970,880,809.91, representing a year-on-year increase of 24.81%[22]. - The net profit attributable to shareholders of the listed company was CNY 386,687,739.74, up 50.09% compared to the previous year[24]. - The net cash flow from operating activities increased by CNY 151,757,712.41, a growth of 65.78% year-on-year, with total collections amounting to CNY 925,192,585.07, an increase of CNY 163,720,182.77 from the previous year[25]. - The total assets at the end of 2020 reached CNY 3,627,305,001.23, a 99.29% increase from the end of 2019[22]. - The basic and diluted earnings per share for 2020 were CNY 1.8176, reflecting a growth of 46.03% year-on-year[23]. - The weighted average return on equity increased to 27.51%, up 3.58 percentage points from the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 166.11% to CNY 3,080,504,971.71 at the end of 2020[25]. - The company reported a net profit of CNY 384,449,702.58 for the reporting period, with cash flow from operating activities accounting for 99.48% of this net profit[25]. Dividends and Shareholder Commitments - The company plans to distribute cash dividends of RMB 10.00 per 10 shares, totaling RMB 276 million, which accounts for 71.38% of the net profit attributable to shareholders for 2020[5]. - The company is not planning to issue bonus shares or convert capital reserves into share capital[5]. - The cash dividend policy stipulates that the company will distribute at least 10% of the annual distributable profit in cash dividends, with a cumulative cash distribution of no less than 30% of the average annual distributable profit over the last three years[147]. - The controlling shareholder committed to not transferring or managing shares for 36 months post-IPO, with a lock-up extension of 6 months if stock price falls below the IPO price for 20 consecutive trading days[152]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders if such events occur[152]. Technology and Innovation - The company has developed the FMBR technology for organic wastewater treatment, significantly improving effluent quality while minimizing sludge production[11]. - The company emphasizes a distributed water treatment model, focusing on local collection and treatment of wastewater[11]. - The company has developed proprietary technologies such as the FMBR wastewater treatment process and JDL heavy metal wastewater treatment process, which have been widely applied in various sectors[36]. - The company’s innovative FMBR process is positioned as a core patented technology, creating a technical barrier in nitrogen and phosphorus removal, and operational efficiency[52]. - The company has developed a new FMBR technology for high-concentration wastewater treatment, with ongoing projects valued at 900 million RMB and a current investment of 551.17 million RMB[77]. - The company is working on an integrated medical wastewater treatment system, with a project budget of 820 million RMB and an investment of 528.56 million RMB[77]. - The company has created a smart water environment system that combines information perception, multi-end interconnection, big data analysis, and precise decision-making[67]. Market Position and Growth - The company has a significant presence in the village and town sewage treatment market, with a reported sewage treatment rate of 54.43% for towns and only 18.21% for rural domestic sewage as of 2019, indicating substantial growth potential[53]. - The company has been recognized as a leading enterprise in the village and town sewage treatment sector, reflecting its strong market position and growth trajectory[53]. - The water environment governance industry in China is experiencing rapid growth, supported by government policies and increasing investment, indicating a favorable market outlook[50]. - The company is expanding its overseas market, generating 52.20 thousand yuan in revenue from international operations, showing an increase from the previous year[94]. Research and Development - The company achieved a total R&D investment of approximately ¥52.98 million, which represents 5.46% of its operating revenue, a decrease of 1.36 percentage points compared to the previous year[74]. - The company added 14 new patents during the reporting period, including 2 invention patents, bringing the total number of authorized patents to 105, with 64 being invention patents[71]. - The company’s R&D efforts are aimed at achieving zero discharge of sludge, with ongoing projects focused on organic sludge resource utilization and the development of organic fertilizers[75]. - The company is currently working on over ten research projects, focusing on optimizing FMBR technology for village wastewater treatment and developing solutions for high-salinity wastewater in arid regions[75]. Operational Efficiency - The company has established a comprehensive business system integrating water pollution control equipment, overall solutions, and project operation services, enhancing its market competitiveness[36]. - The company’s automated control system for FMBR technology allows for unmanned operation and precise management of treatment parameters, enhancing operational efficiency[70]. - The company established an intelligent, unattended project operation system, improving maintenance response time and reducing operational costs[87]. - The company’s production model is based on "sales-driven production," aligning procurement and manufacturing with market forecasts and actual project needs[47]. Risks and Challenges - The company faces risks related to accounts receivable collection, particularly from government clients, which may affect asset quality and operational performance[98]. - Future government environmental investment and policy changes may significantly impact the company's operations and market competition[99]. - The company is actively developing new markets and clients to mitigate risks associated with a rapidly changing customer base[97]. Compliance and Governance - The company has received a standard unqualified audit report from Zhongzheng Zhonghuan Accounting Firm[4]. - The company maintains a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[177]. - The company has not made any guarantees outside of its subsidiaries during the reporting period, with a total guarantee amount of 0 RMB[184]. - The company will ensure compliance with all public commitments made during the IPO process[169].