Financial Performance - The company achieved a net profit attributable to shareholders of RMB 52,637,893.61 for the year 2022, with a total distributable profit of RMB 215,242,292.89 as of December 31, 2022[8]. - The proposed cash dividend is RMB 1.5 per 10 shares, totaling RMB 16,199,325, which accounts for 30.78% of the net profit for 2022[8]. - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year growth of 15%[19]. - The company's operating revenue for 2022 was ¥514,294,401.72, an increase of 21.84% compared to ¥422,112,445.26 in 2021[27]. - The net profit attributable to shareholders decreased by 6.55% to ¥52,637,893.61 from ¥56,326,718.76 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥41,968,095.76, down 14.23% from ¥48,932,717.80 in 2021[27]. - The gross profit margin for 2022 was reported at 35%, an increase from 32% in the previous year[19]. - The company's comprehensive gross profit margin decreased from 40.35% in 2020 to 37.67% in 2022, indicating a downward trend in profitability[145]. Research and Development - Investment in R&D for new technologies, including advanced water treatment solutions, increased by 25% in 2022, totaling RMB 300 million[19]. - The company's R&D investment accounted for 5.85% of operating revenue, an increase of 0.34 percentage points compared to 5.51% in 2021[29]. - Research and development expenses amounted to 30.10 million yuan, reflecting a year-on-year increase of 29.45%[43]. - The company achieved a total R&D investment of ¥30,095,123.42, representing a 29.45% increase compared to the previous year[114]. - The company has obtained 2 new invention patents and 28 utility model patents during the reporting period[43]. - The company has filed for 8 invention patents and received 2, with a cumulative total of 76 invention patents filed[113]. - The company has developed four core technologies for industrial wastewater treatment, achieving international advanced levels in electronic flocculation and zero discharge technologies[124]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[19]. - A strategic acquisition of a local competitor is anticipated to enhance the company's service capabilities and customer base by 30%[19]. - The company aims to achieve "zero discharge" in its wastewater treatment processes by 2025, aligning with environmental sustainability goals[19]. - The company is actively expanding into the renewable energy sector, with solar power projects from two new companies officially commencing operations during the reporting period[40]. - The company is focusing on new technology development, particularly in cross-industry applications and deep processing of water treatment[77]. - The company is engaged in multiple ongoing projects aimed at enhancing product offerings and technological capabilities[118]. Operational Efficiency - The introduction of IoT-based water management systems is expected to improve operational efficiency by 20%[19]. - The company achieved a reduction in operational costs by 10% through the implementation of new technologies in its processes[19]. - The company has implemented a new information system, including CRM and SRM systems, to enhance operational efficiency and streamline business processes[45]. - The technology's ability to operate unattended and remotely control system parameters through IoT integration represents a significant advancement in operational efficiency[90]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation strategies in the report[6]. - The report includes a forward-looking statement risk disclaimer, indicating that future plans do not constitute actual commitments to investors[10]. - The company faces risks related to market competition, operational funding shortages, and seasonal revenue fluctuations due to the nature of its business[136][137][139]. - The company is exposed to risks from changes in environmental policies and economic cycles, which could impact its operational performance[151][153]. Customer and Supplier Relations - The company added 47 new customers and signed new orders worth 906 million yuan during the reporting period[42]. - The top five customers contributed a total sales amount of 328,695,600 RMB, accounting for 63.91% of the annual total sales[174]. - The top five suppliers accounted for 22.15% of total procurement, with a total procurement amount of 7,763.18 million RMB[181]. Financial Position - The total assets increased by 47.45% to ¥1,715,423,855.85 from ¥1,163,369,779.35 in 2021[27]. - The equity attributable to the parent company was 859.70 million yuan, up 8.37% from the previous year[41]. - The company's cash and cash equivalents increased by 35.41% to CNY 202,545,238.92, primarily due to the successful issuance of convertible bonds[189]. - Accounts receivable increased by 134.31% to CNY 39,178,617.30, mainly due to the receipt of more accounts receivable during the reporting period[189]. Environmental Commitment - The company aims to strengthen its talent recruitment and reserve efforts to support ongoing R&D initiatives[29]. - The government has increased its focus on environmental governance, providing a favorable policy environment for the wastewater treatment industry[70]. - The environmental protection industry is entering a new phase of quality improvement and efficiency enhancement, driven by stricter regulations and innovative mechanisms[78].

| 证券代码：688096 | 证券简称：京源环保 公告编号：2023-048 | | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | 江苏京源环保股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 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。 重要内容提示： 投资者可于 2023 年 06 月 27 日（星期二）16:00 前登录上证路演中心网站首 页点击"提问预征集"栏目或通过公司邮箱 suhaijuan@jsjyep.com 进行提问。公司将 在说明会上对投资者普遍关注的问题进行回答。 江苏京源环保股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布了 公司 2022 年年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入地了 解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 06 月 28 日下午 13:00-14:30 举行 2022 年度暨 2023 年第一季度业绩说明会，就投 ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 52,637,893.61 for the year 2022, with a total distributable profit of RMB 215,242,292.89 as of December 31, 2022[8]. - The proposed cash dividend is RMB 1.5 per 10 shares, totaling RMB 16,199,325, which accounts for 30.78% of the net profit for 2022[8]. - The company reported a total revenue of RMB 1.2 billion for the year 2022, representing a year-on-year growth of 15%[19]. - The company's operating revenue for 2022 was CNY 514.29 million, an increase of 21.84% compared to CNY 422.11 million in 2021[26]. - The net profit attributable to shareholders decreased by 6.55% to CNY 52.64 million in 2022 from CNY 56.33 million in 2021[26]. - The net cash flow from operating activities was negative at CNY -72.58 million, an improvement from CNY -106.75 million in 2021[26]. - The total assets increased by 47.45% to CNY 1.72 billion at the end of 2022, up from CNY 1.16 billion at the end of 2021[26]. - The basic earnings per share decreased by 5.77% to CNY 0.49 in 2022 from CNY 0.52 in 2021[27]. - The weighted average return on equity decreased to 6.44% in 2022 from 7.38% in 2021[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41.97 million, down 14.23% from CNY 48.93 million in 2021[26]. Operational Strategies - The company plans to increase its total share capital by 43,198,200 shares through a capital reserve conversion, raising the total share capital to 151,193,700 shares[9]. - The company has outlined various operational risks and corresponding mitigation strategies in the report[6]. - The audit report issued by Da Hua Certified Public Accountants confirms the accuracy and completeness of the financial statements[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[11]. - There are no violations of decision-making procedures regarding external guarantees[11]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report[11]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute actual commitments to investors[10]. Market Expansion and Growth - User data indicates an increase in the number of clients served, reaching 500 clients by the end of 2022, up from 400 in 2021, marking a 25% growth[19]. - The company has set a performance guidance for 2023, aiming for a revenue increase of 20% compared to 2022, targeting RMB 1.44 billion[19]. - The company plans to expand its market presence in Southeast Asia, with a projected investment of RMB 200 million over the next two years[19]. - A strategic acquisition of a local water treatment firm is anticipated to be completed by Q3 2023, expected to contribute an additional RMB 300 million in annual revenue[19]. - The company is focusing on the development of IoT-based solutions for water management, which is projected to reduce operational costs by 15%[19]. Technological Innovations - New product development includes the introduction of advanced water treatment technologies, which are expected to enhance operational efficiency by 30%[19]. - The implementation of zero liquid discharge technology is expected to improve water recycling rates by 40% in industrial applications[19]. - The company has reported a significant reduction in BOD levels in treated water, achieving a 50% decrease compared to the previous year[19]. - The introduction of magnetic separation technology is expected to enhance the efficiency of wastewater treatment processes by 25%[19]. - The company has developed four core technologies for industrial wastewater treatment, including electronic flocculation and high-difficulty wastewater zero discharge technology, which have been recognized in national and provincial technology promotion directories[45][47]. Research and Development - Research and development expenses accounted for 5.85% of operating revenue in 2022, an increase from 5.51% in 2021[28]. - The company has established long-term partnerships with major power generation groups and expanded into non-electric industries, marking its first zero-discharge BOT project during the reporting period[48]. - The company has actively expanded into the renewable energy sector, with solar power projects from two new subsidiaries commencing operations during the reporting period[39]. - The company has strengthened its core competitiveness through technological innovation and collaboration with leading research institutions[41]. - The company aims to improve management efficiency through the establishment of an integrated information system, enhancing business process efficiency[43]. Financial Management - The company reported a significant increase in financial expenses, rising by 246.98% due to increased bank loans and interest from convertible bonds[155]. - The company's gross profit margin declined from 40.35% in 2020 to 37.67% in 2022, indicating a downward trend in profitability[143]. - The weighted average return on equity decreased from 7.99% in 2020 to 5.13% in 2022, reflecting potential risks associated with increased net assets from convertible bond issuance[146]. - The company faces risks related to seasonal fluctuations in revenue, particularly in the power industry, where project completion is concentrated in the fourth quarter[137]. - The company is exposed to risks from intense competition in the industrial water treatment sector, which may impact its market share and performance if it cannot maintain its competitive advantages[148]. Environmental Commitment - The company aims to contribute positively to China's water environment governance and ecological environment efforts while showcasing the innovative strength of China's environmental protection industry globally[200]. - The company is committed to sustainable practices by developing technologies that minimize sludge production and chemical usage in wastewater treatment processes[99]. - The company has developed a high-difficulty wastewater evaporation crystallization zero discharge process, achieving maximum recovery of by-products and reducing solid waste emissions, resulting in economic benefits[91]. - The company’s zero discharge technology has been recognized as reaching international advanced levels by the China Environmental Science Society[95]. - The company is currently applying for 5 invention patents related to zero discharge systems and processes for industrial end wastewater[92].

Financial Performance - The company's operating revenue for Q1 2023 was ¥82,829,496.16, representing a year-on-year increase of 92.13%[3]. - Total operating revenue for Q1 2023 reached ¥82,829,496.16, a significant increase of 92% compared to ¥43,109,413.77 in Q1 2022[16]. - Total operating costs for Q1 2023 were ¥88,201,310.58, up from ¥45,083,428.97 in Q1 2022, reflecting a 96% increase[16]. - Net profit for Q1 2023 was ¥4,598,234.46, a decrease of 14% from ¥5,339,520.01 in Q1 2022[17]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.04, down from ¥0.05 in Q1 2022[18]. - The net profit attributable to shareholders decreased by 13.83% to ¥4,600,888.20, while the net profit after deducting non-recurring gains and losses fell by 48.76% to ¥2,367,865.68[3][6]. Cash Flow - The net cash flow from operating activities was negative at -¥35,230,903.32, indicating a cash outflow during the quarter[3]. - Cash inflow from operating activities totaled ¥90,100,124.78 in Q1 2023, compared to ¥96,924,763.08 in Q1 2022, indicating a decrease of approximately 7%[19]. - Cash outflow from operating activities was ¥125,331,028.10 in Q1 2023, slightly higher than ¥118,995,516.90 in Q1 2022[19]. - The net cash flow from operating activities was -$35.23 million, compared to -$22.07 million in the previous year, indicating a decline in operational cash generation[20]. - The net cash flow from investing activities was $84.55 million, a significant improvement from -$39.23 million year-over-year, driven by cash inflows from investment recoveries[20]. - Cash inflows from financing activities totaled $152.97 million, up from $59.76 million in the previous year, primarily due to increased borrowings of $146.32 million[20]. - The net cash flow from financing activities was $47.50 million, compared to $4.29 million in the same quarter last year, reflecting stronger financing operations[20]. - The total cash and cash equivalents at the end of the period reached $256.47 million, a substantial increase from $66.30 million at the end of the previous year[20]. - Cash outflows for investing activities were $37.87 million, significantly lower than $181.19 million in the previous year, showing reduced capital expenditures[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,782,183,613.24, reflecting a 3.89% increase from the end of the previous year[4]. - The company's total assets reached CNY 1,782,183,613.24, up from CNY 1,715,423,855.85, marking an increase of about 3.9%[11]. - The total liabilities of the company as of March 31, 2023, were not explicitly stated but can be inferred to have increased due to the rise in short-term borrowings and accounts payable[11]. - The company's total liabilities increased to ¥915,697,841.68 in Q1 2023 from ¥854,977,626.25 in Q1 2022, marking a rise of about 7%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,892[8]. - The top shareholder, Li Wulin, holds 14.85% of the shares, totaling 16,035,000 shares[8]. Research and Development - Research and development (R&D) expenses totaled ¥5,729,736.42, an increase of 109.47% compared to the previous year, accounting for 6.92% of operating revenue[4][6]. - Research and development expenses for Q1 2023 were ¥5,729,736.42, significantly higher than ¥2,735,348.37 in Q1 2022, indicating an increase of 109%[16]. - The company is actively enhancing its R&D capabilities in line with national "dual carbon" strategic goals and the construction of a new power system[6]. - The company has not provided any new product or technology development updates in the current report[10]. Other Information - The company reported non-recurring gains of ¥2,233,022.52, with government subsidies contributing ¥854,183.00[6]. - There are no significant mergers or acquisitions reported during the quarter[10]. - The company did not adopt new accounting standards for the current year, maintaining consistency in financial reporting[21].

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a 10% increase compared to the same period last year[1]. - The company has provided a forward guidance of 600 million CNY in revenue for the second half of 2022, projecting a 20% increase year-over-year[1]. - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[12]. - The company's operating revenue for the first half of the year reached ¥181,526,653.24, representing a year-on-year increase of 34.35% compared to ¥135,116,090.51 in the same period last year[21]. - The net profit attributable to shareholders decreased by 12.96%, amounting to ¥18,139,576.63, down from ¥20,839,383.76 in the previous year[21]. - The company achieved operating revenue of 181.53 million yuan in the first half of 2022, a year-on-year increase of 34.35%[97]. - The net profit attributable to the parent company was 18.14 million yuan, a decrease of 12.96% compared to the same period last year[120]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a year-over-year growth of 25%[164]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching 1.2 million users by the end of June 2022[1]. - User data indicates that the number of active users reached 1.2 million, up 20% compared to the same period last year[12]. - User data showed a growth of 15% in active users, reaching 10 million by the end of the quarter[153]. - The company plans to enter two new international markets by the end of 2023, targeting a revenue contribution of 100 million from these markets in the first year[154]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[154]. - The company is focusing on market expansion in Southeast Asia, targeting a 30% increase in market share by the end of 2023[12]. Product Development and Innovation - New product development includes the launch of an advanced waste treatment technology, expected to reduce operational costs by 25%[1]. - New product development includes the introduction of advanced water treatment technologies, which are projected to enhance operational efficiency by 25%[12]. - The company has invested RMB 50 million in R&D for innovative water treatment solutions, aiming to reduce operational costs by 15%[12]. - The introduction of IoT technologies is anticipated to improve service response times by 50%[12]. - New product launches included a flagship model that contributed to a 25% increase in sales volume compared to the previous quarter[152]. - The company is investing 200 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[153]. Strategic Acquisitions - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's service capabilities and increase market penetration[1]. - A strategic acquisition of a local competitor is planned, which is expected to increase the company's production capacity by 40%[12]. - The company announced a strategic acquisition of a competitor for 500 million, expected to close by Q4 2023[152]. - A strategic acquisition of a smaller competitor was completed for 300 million, expected to enhance the company's product offerings and market reach[168]. Financial Position and Investments - The company maintains a strong cash position, with cash and cash equivalents amounting to 200 million CNY as of June 30, 2022[1]. - The company has identified potential risks related to regulatory changes, which could impact future operations and profitability[1]. - The company has received government subsidies amounting to ¥1,250,604.13, which are included in the current period's profit and loss[25]. - The company has a total of 214 intellectual property applications, with 130 granted, including 73 invention patents and 78 utility model patents[78]. - Total R&D investment reached ¥11,666,379.33, a 65.93% increase compared to ¥7,030,755.00 in the same period last year, representing 6.43% of operating revenue[79]. Risks and Challenges - The company has identified significant issues with traditional wastewater treatment methods, such as high reagent consumption and incomplete mineralization, prompting the development of new green treatment processes[65]. - The company faces risks related to performance acceptance in its EP business, where failure to meet technical agreements could result in penalties of 0.5%-1% of the contract amount[109]. - The company is exposed to risks from external factors such as the COVID-19 pandemic, which could adversely affect operations and project cash flows[111]. - The company faces risks related to changes in national income tax policies that could affect tax benefits and overall performance[115]. - The company is exposed to liquidity risks due to reliance on mortgaged assets for bank loans, which could impact ongoing operations if debts are not repaid[115]. Environmental and Social Responsibility - The company emphasizes continuous investment in environmental protection and has implemented emergency response plans to handle potential environmental incidents[142]. - The company promotes energy-saving measures, including digital office management systems and video conferencing, to reduce resource consumption and travel costs[145]. - The company advocates for water conservation and regularly maintains water equipment to prevent wastage[145]. - The company aims to become a comprehensive water treatment solution provider while fulfilling its social responsibilities through sustainable practices[143]. Shareholder and Governance Matters - The company has established measures to stabilize stock prices if certain conditions are met[157]. - The company guarantees strict adherence to the commitments disclosed in the prospectus for its initial public offering and listing[161]. - The company will take measures against responsible directors and senior management for any breaches of commitments, including salary reductions[161]. - The company has not proposed any profit distribution or capital reserve transfer plan for the half-year period[138]. - The company has not engaged in any asset acquisitions or equity purchases that require disclosure[175].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year growth of 15%[15]. - The company's operating revenue for 2021 was CNY 422,112,445.26, representing a year-on-year increase of 19.99% compared to CNY 351,790,744.89 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 56,326,182.76, a decrease of 9.39% from CNY 62,166,173.21 in 2020[25]. - The net cash flow from operating activities for 2021 was CNY -106,749,507.17, indicating a significant decline compared to CNY -67,646,971.72 in 2020[25]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[15]. - The company's total assets increased by 17.32% to CNY 1,163,341,441.70 at the end of 2021, up from CNY 991,582,202.50 at the end of 2020[25]. - Basic earnings per share for 2021 were CNY 0.52, down 17.46% from CNY 0.63 in 2020[27]. - The weighted average return on net assets decreased to 7.38% in 2021, down from 9.99% in 2020, a reduction of 2.61 percentage points[27]. - The company achieved operating revenue of 422.11 million yuan, a year-on-year increase of 19.99%[37]. - The net profit attributable to the parent company was 56.33 million yuan, a year-on-year decrease of 9.39%[37]. Research and Development - Investment in R&D for new technologies, particularly in water treatment solutions, has increased by 20%, totaling RMB 200 million in 2021[16]. - The R&D expenditure as a percentage of operating revenue increased to 5.51% in 2021, up from 5.02% in 2020[27]. - The total R&D investment for the year was ¥23,248,010.66, an increase of 31.63% compared to ¥17,661,558.51 in the previous year[107]. - The company applied for 47 patents during the year, with 42 patents granted, including 11 invention patents and 26 utility model patents[105]. - The company has developed four core technologies for industrial wastewater treatment, achieving international advanced levels in electronic flocculation and zero discharge technologies[116]. - The company has established collaborations with leading research institutions, such as Tsinghua University and the Chinese Academy of Sciences, to enhance the application of magnetic flocculation technology in drinking water treatment[80]. - The company has developed a high-difficulty wastewater electro-catalytic oxidation technology that is efficient, thorough, and low-cost, addressing the urgent market demand for wastewater treatment[93]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[15]. - A strategic acquisition of a local competitor is anticipated to enhance the company's service capabilities and increase market penetration by 10%[17]. - The company is actively expanding into non-electric industries, with project bids exceeding 100 million yuan for wastewater reuse in steel and chemical sectors[122]. - The company aims to become a leading comprehensive water treatment solution provider and enhance its core competitiveness through a dual-driven strategy of "industry + capital"[181]. - Future investment directions will focus on supplementing technical capabilities, product lines, and strategic synergies, while actively responding to national carbon reduction initiatives[182]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring accountability for the annual report's accuracy[7]. - The company has established four specialized committees under the board: Strategy, Audit, Nomination, and Compensation Committees, operating within their defined authority[191]. - The company emphasizes transparency and timely information disclosure, adhering to relevant regulations to protect shareholder rights[194]. - The independent directors actively participate in meetings and provide objective judgments based on their expertise[191]. - The company maintains independence from its controlling shareholder, with no instances of fund occupation or guarantee provision[193]. Environmental and Regulatory Factors - The company has set a target to achieve zero wastewater discharge by 2025, aligning with environmental sustainability goals[16]. - The government has intensified environmental governance efforts, providing a favorable policy environment for the industrial wastewater treatment sector[63]. - The "14th Five-Year Plan" emphasizes sustainable development and ecological civilization, which will further enhance the market opportunities for the environmental protection industry[64]. - The estimated investment space for wastewater treatment upgrades in China is approximately 80 billion RMB[66]. Risks and Challenges - The company has not achieved profitability since its listing[4]. - The company faced delays in customer payments due to the pandemic, leading to increased impairment losses compared to the previous year[27]. - The company has faced risks related to market competition and operational funding, with over 90% of revenue coming from equipment and engineering services[130]. - The company has not yet applied the "high-difficulty wastewater low-temperature circulating flue gas evaporation zero discharge treatment process," which poses a risk to future project bids[133]. - Seasonal fluctuations in revenue were noted, with a significant portion of income concentrated in the fourth quarter due to project completion timing[132].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 43,109,413.77, representing a year-on-year increase of 26.92%[4] - The net profit attributable to shareholders decreased by 8.64% to CNY 5,339,520.01 compared to the same period last year[4] - The net profit for the first quarter of 2022 was CNY 5,339,520.01, a decrease of 7.3% compared to CNY 5,759,792.21 in the first quarter of 2021[16] - Operating profit for the first quarter of 2022 was CNY 6,195,993.58, down from CNY 7,088,178.15 in the same period last year, reflecting a decline of 12.6%[16] - The company reported a total comprehensive income of CNY 5,339,520.01 for the first quarter of 2022, compared to CNY 5,759,792.21 in the same period last year[17] - The basic and diluted earnings per share remained unchanged at CNY 0.05 for both the first quarter of 2022 and 2021[17] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -22,070,753.82, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of CNY -22,070,753.82 in the first quarter of 2022, an improvement from CNY -44,081,253.25 in the first quarter of 2021[21] - Cash and cash equivalents decreased to CNY 94,450,987.06 as of March 31, 2022, down from CNY 149,575,372.83 at the end of 2021, a decline of approximately 36.8%[12] - Cash and cash equivalents at the end of the first quarter of 2022 were CNY 66,302,556.42, down from CNY 131,737,478.97 at the end of the first quarter of 2021[21] - Investment activities resulted in a net cash outflow of CNY -39,229,394.51 in the first quarter of 2022, compared to a net inflow of CNY 16,467,421.38 in the same period last year[21] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 45,083,428.97, up from CNY 35,777,355.48 in Q1 2021, indicating an increase of about 26.5%[15] - The company incurred financial expenses of CNY 1,353,465.47 in the first quarter of 2022, significantly higher than CNY 717,499.02 in the same period last year, marking an increase of 88.5%[16] - Research and development expenses totaled CNY 2,735,348.37, accounting for 6.35% of operating revenue, a decrease of 1.86 percentage points year-on-year[5] - Research and development expenses for the first quarter of 2022 were CNY 2,735,348.37, slightly down from CNY 2,788,104.84 in the first quarter of 2021[16] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,175,565,584.66, reflecting a 1.05% increase from the end of the previous year[5] - Total assets amounted to CNY 1,175,565,584.66 as of March 31, 2022, compared to CNY 1,163,341,441.70 at the end of 2021, showing a growth of about 1.1%[14] - Total liabilities were CNY 375,118,997.84 as of March 31, 2022, slightly up from CNY 370,022,954.89 at the end of 2021, indicating an increase of approximately 1.5%[14] - Non-current assets totaled CNY 337,035,846.84 as of March 31, 2022, compared to CNY 325,154,502.46 at the end of 2021, reflecting an increase of about 3.6%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,555[10] - The largest shareholder, Li Wulin, holds 14.85% of the shares, totaling 15,930,000 shares[10] Strategic Focus - The company is focusing on expanding its market presence and developing new technologies to enhance operational efficiency[15] - The company has no plans for major mergers or acquisitions disclosed in this report[4]

Financial Performance - The company's operating revenue for Q3 2021 was ¥128,946,436.33, representing a year-on-year increase of 72.75%[5] - The net profit attributable to shareholders for the same period was ¥12,054,852.38, showing a decrease of 6.82% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥9,470,707.45, down 15.29% year-on-year[5] - Total revenue for the first three quarters of 2021 reached ¥264,062,526.84, an increase of approximately 28.5% compared to ¥204,996,486.07 in the same period of 2020[20] - Net profit for the third quarter of 2021 was ¥32,809,437.01, a decrease of 9.8% from ¥36,022,650.95 in the same quarter of 2020[22] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.31, down from ¥0.38 in the same quarter of 2020[23] Expenses and Costs - Research and development expenses totaled ¥7,637,256.74 for the quarter, an increase of 77.36% year-on-year, accounting for 5.92% of operating revenue[6] - The decline in net profit was primarily due to increased costs associated with expanding the R&D team and materials[11] - Total operating costs for the first three quarters of 2021 were ¥225,812,704.72, up from ¥166,308,305.70 in 2020, reflecting a significant increase in operational expenses[21] - Research and development expenses for the third quarter of 2021 were ¥14,668,011.74, compared to ¥10,096,279.75 in the same quarter of 2020, indicating a focus on innovation[21] - The company paid approximately $40.73 million in employee compensation during Q3 2021, an increase from $26.61 million in Q3 2020, representing a rise of about 53.1%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,097,646,681.47, reflecting a 10.70% increase from the end of the previous year[6] - Total assets as of the end of the third quarter of 2021 amounted to ¥1,097,646,681.47, compared to ¥991,582,202.50 at the end of the previous year[18] - Total liabilities increased to ¥329,300,800.84 in the third quarter of 2021, up from ¥259,547,339.99 in the same period of 2020[18] - Non-current assets totaled ¥280,460,428.41, an increase from ¥239,442,939.07 in the previous year[18] - The company reported a significant increase in short-term borrowings, which rose to ¥128,000,000.00 from ¥68,079,513.18 in the previous year[18] Cash Flow - The company reported a cash flow from operating activities net amount of -¥121,035,530.42 for the year-to-date period[6] - Cash inflow from operating activities for the first three quarters of 2021 was approximately $208.42 million, up from $146.39 million in the same period of 2020, representing an increase of about 42.4%[25] - Net cash outflow from operating activities for Q3 2021 was approximately -$121.04 million, compared to -$90.96 million in Q3 2020, indicating a worsening of 33.0%[26] - Cash inflow from investment activities in Q3 2021 was approximately $218.13 million, a significant decrease from $803,863 in Q3 2020[26] - Net cash outflow from investment activities for Q3 2021 was approximately -$42.74 million, an improvement from -$232.84 million in Q3 2020, showing a reduction of about 81.7%[27] - Cash inflow from financing activities in Q3 2021 was approximately $213.34 million, down from $450.59 million in Q3 2020, a decrease of about 52.7%[27] - Net cash outflow from financing activities for Q3 2021 was approximately -$126.62 million, compared to -$92.76 million in Q3 2020, indicating a decline of about 36.5%[27] - The ending cash and cash equivalents balance for Q3 2021 was approximately $59.89 million, down from $127.74 million in Q3 2020, a decrease of about 53.1%[27] - The company received approximately $168.82 million in borrowings during Q3 2021, compared to $69.50 million in Q3 2020, reflecting an increase of about 142.5%[27] - The company reported a cash inflow of approximately $217.10 million from investment recoveries in Q3 2021, a significant increase from $450,000 in Q3 2020[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,410[13] - The largest shareholder, Li Wulin, holds 15,930,000 shares, representing 14.85% of the total shares[13] - The total number of shares held by the top 10 shareholders includes significant stakes from Guangdong Huadi Minsheng Equity Investment and Huamei International Investment Group[14] Company Strategy and Developments - The company attributed the increase in revenue to enhanced brand influence and expanded market share[10] - The company has not disclosed any new product developments or technological advancements in the current reporting period[15] - There are no significant mergers or acquisitions reported during this quarter[15] - The company has not provided specific future guidance or market expansion strategies in the current report[15] - The company did not report any audited financial statements for this quarter[4]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The net profit for the period was 300 million RMB, which is a 15% increase compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 was CNY 135,116,090.51, representing a 3.65% increase compared to CNY 130,354,469.21 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was CNY 20,839,383.76, a decrease of 11.06% from CNY 23,430,803.93 in the previous year[22]. - The company reported a total revenue of 3,130 million RMB for the first half of 2021, with a net profit of 703.07 million RMB, representing a significant increase compared to the previous period[91]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q2 2021, representing a 25% year-over-year growth[187]. - The company reported a net profit of 500 million, representing a 20% increase year-over-year[179]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching a total of 1 million active users[1]. - User growth was strong, with a 20% increase in active users, totaling 2 million[176]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[1]. - Market expansion plans include entering three new countries by Q4, projected to increase user base by 15%[177]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $30 million allocated for potential deals[175]. - The company is focusing on expanding its market presence in municipal wastewater treatment and industrial wastewater treatment sectors[91]. Research and Development - The company has allocated 200 million RMB for research and development in the next fiscal year[1]. - Research and development expenses accounted for 5.20% of operating revenue, an increase of 0.76 percentage points compared to the same period last year[23]. - The company is currently developing three major projects with estimated total investments of ¥200 million for electro-catalytic oxidation technology, ¥300 million for bipolar membrane desalination technology, and ¥300 million for heavy metal recovery technology[89]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technology development in 2021[188]. - The company has developed four core technologies, including electronic flocculation for industrial wastewater and zero discharge technology for difficult wastewater, which have been recognized as internationally advanced[95]. - The company has established partnerships with top research institutions, including Tsinghua University and the Chinese Academy of Sciences, to enhance its technological capabilities[97]. Operational Efficiency and Cost Management - The company has implemented new strategies to enhance operational efficiency, aiming for a 5% reduction in overall costs by mid-2022[1]. - The average salary of R&D personnel decreased to 8.88 million RMB, down from 15.70 million RMB in the previous period, reflecting cost management efforts[94]. - The company plans to implement cost-cutting measures expected to save $5 million annually[177]. - The company is actively pursuing new strategies, including the development of a low-resistance continuous sludge scraping technology to enhance operational efficiency and reduce energy consumption[82]. Regulatory and Market Risks - The management highlighted potential risks related to regulatory changes in the environmental sector, which could impact future operations[1]. - The company faces significant operational risks due to a high concentration of clients in the power industry, which may affect its ability to diversify revenue sources[116]. - The implementation of stricter environmental regulations is expected to create significant pressure on local governments and enterprises to comply with environmental laws[40]. Innovations and Technology Development - The company has developed a new superconducting magnetic medium preparation technology in collaboration with the Chinese Academy of Sciences, significantly improving the purity of the magnetic medium and preventing impurities from impacting the water treatment system[63]. - The company has developed a high-difficulty wastewater evaporation crystallization zero discharge process, achieving maximum recovery of by-products and reducing solid waste emissions[70]. - The company has developed a low-temperature negative pressure evaporation concentration system software for zero discharge wastewater treatment[72]. - The company has developed a series of proprietary technologies in the industrial wastewater zero discharge field, including MVR systems and flake salt treatment, which have been successfully applied in industries such as thermal power and agriculture[73]. Shareholder and Corporate Governance - The company has implemented a stock incentive plan to enhance employee motivation and align interests among shareholders, the company, and core team members[110]. - The company has committed to not providing loans or financial assistance for the acquisition of restricted stock under the incentive plan[191]. - The company will publicly disclose reasons for any failure to meet commitments and will take measures to protect investor rights[184]. - The company has committed to supporting the board in linking compensation systems to the execution of return measures[191]. Financial Position and Assets - The total assets at the end of the reporting period were CNY 1,069,897,149.63, an increase of 7.90% from CNY 991,582,202.50 at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were CNY 753,455,548.25, reflecting a 3.06% increase from CNY 731,119,004.05 at the end of the previous year[22]. - The total amount of guarantees provided by the company during the reporting period (excluding guarantees to subsidiaries) is CNY 30,000,000[198].

Financial Performance - Operating revenue for the period was CNY 33,965,729.01, representing a growth of 7.84% year-on-year[5] - Net profit attributable to shareholders of the listed company reached CNY 4,544,768.05, an increase of 26.44% compared to the same period last year[5] - Total operating revenue for Q1 2021 was CNY 33,965,729.01, an increase of 7.85% compared to CNY 31,495,252.42 in Q1 2020[22] - Net profit for Q1 2021 reached CNY 5,759,792.21, representing a 45.24% increase from CNY 3,968,417.41 in Q1 2020[22] - The company's operating revenue for Q1 2021 was ¥32,437,427.16, an increase of 6.93% compared to ¥30,329,481.00 in Q1 2020[25] - The net profit attributable to shareholders of the parent company for Q1 2021 was ¥5,889,322.34, up 42.49% from ¥4,133,739.44 in Q1 2020[26] - The total comprehensive income for Q1 2021 was ¥5,889,322.34, compared to ¥4,133,739.44 in Q1 2020, reflecting a significant increase[26] - The total profit for Q1 2021 was ¥7,316,688.42, an increase of 52.06% from ¥4,815,874.37 in Q1 2020[25] Cash Flow - The net cash flow from operating activities was CNY -44,081,253.25, showing a decline from CNY -39,151,076.71 in the previous year[5] - Cash inflow from operating activities in Q1 2021 was ¥79,549,320.52, significantly higher than ¥29,918,039.34 in Q1 2020[27] - The net cash flow from operating activities for Q1 2021 was -1,246,705.52 RMB, an improvement from -37,980,235.72 RMB in Q1 2020[30] - Cash inflow from operating activities totaled 99,802,923.99 RMB, compared to 26,812,491.33 RMB in the same period last year, representing a growth of approximately 272%[30] - Cash outflow from operating activities was 101,049,629.51 RMB, up from 64,792,727.05 RMB in Q1 2020, indicating a 56% increase[30] - The company reported a significant increase in cash received from sales of goods and services, totaling ¥52,750,104.30 in Q1 2021, compared to ¥22,476,539.01 in Q1 2020[27] - The net cash flow from investing activities was -24,090,993.22 RMB, worsening from -1,981,655.00 RMB in Q1 2020[30] - Cash inflow from investing activities was 55,063,173.65 RMB, while cash outflow was 79,154,166.87 RMB, leading to a net cash flow deficit[30] - Cash inflow from financing activities was 62,793,694.47 RMB, an increase from 32,036,163.82 RMB in Q1 2020, marking a growth of approximately 96%[31] - The net cash flow from financing activities was 817,334.98 RMB, a decrease from 5,342,845.76 RMB in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 985,491,506.40, a decrease of 0.61% compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 4,825[8] - The total liabilities decreased from CNY 254,333,228.68 to CNY 216,295,868.72, a reduction of 14.94%[15] - Total current assets decreased from CNY 752,139,263.43 as of December 31, 2020, to CNY 710,464,696.43 as of March 31, 2021, a decline of 5.55%[14] - The company's total assets slightly decreased from CNY 991,582,202.50 to CNY 985,491,506.40, a decline of 0.92%[15] - Total liabilities as of March 31, 2021, were CNY 246,889,007.15, down from CNY 259,233,163.10 at the end of 2020[19] - Shareholders' equity as of March 31, 2021, was CNY 738,274,090.07, compared to CNY 732,384,767.73 at the end of 2020[19] - Cash and cash equivalents decreased to CNY 135,900,715.40 from CNY 160,229,365.53 at the end of 2020[17] - Accounts receivable stood at CNY 380,233,950.40, slightly down from CNY 388,032,635.37 at the end of 2020[17] - Long-term equity investments increased to CNY 102,123,934.11 from CNY 62,348,678.66 at the end of 2020[18] Research and Development - Research and development expenses accounted for 8.21% of operating revenue, an increase of 1.45 percentage points from the previous year[5] - Research and development expenses rose by 30.91%, from CNY 2,129,707.93 to CNY 2,788,104.84, reflecting an increase in R&D personnel[11] - Research and development expenses for Q1 2021 were CNY 2,788,104.84, up from CNY 2,129,707.93 in Q1 2020[22] - Research and development expenses for Q1 2021 were ¥2,788,104.84, compared to ¥2,129,707.93 in Q1 2020, indicating a focus on innovation[25] Shareholder Information - The top shareholder, Li Wulin, held 15,930,000 shares, representing 14.85% of the total shares[8] - The basic and diluted earnings per share remained at CNY 0.05[5] - The basic and diluted earnings per share remained stable at ¥0.05 for both Q1 2021 and Q1 2020[26]