Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[16]. - The company's operating revenue for the first half of 2022 was ¥365,583,825.08, a decrease of 20.25% compared to ¥458,398,866.80 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2022 was ¥30,002,976.26, down 36.43% from ¥47,194,040.74 year-on-year[23]. - The basic earnings per share for the first half of 2022 was ¥0.35, a decline of 37.50% compared to ¥0.56 in the previous year[24]. - The company reported a total revenue of 5,572.50 million RMB for the first half of 2022, with a net profit of 1,577.32 million RMB[64]. - Net profit attributable to shareholders was CNY 3,000.30 million, down 36.43% year-on-year[87]. - The net profit after deducting non-recurring gains and losses was CNY 2,901.32 million, a decline of 25.64% compared to the previous year[87]. Research and Development - Investment in R&D has increased by 40%, focusing on sustainable technologies and innovative waste management solutions[16]. - Research and development expenses accounted for 4.31% of operating revenue, an increase of 0.56 percentage points from the previous year[24]. - The company reported a total R&D expenditure of ¥15,773,307.51, a decrease of 8.36% compared to ¥17,211,672.24 in the same period last year[59]. - The company has obtained a total of 19 new patents during the reporting period, including 1 invention patent and 18 utility model patents, bringing the total to 135 patents[55]. - The company is focusing on 14 ongoing R&D projects, including tackling technical challenges in its main business and exploring the industrialization of new technologies[76]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[16]. - Market expansion plans include entering three new international markets by the end of the fiscal year, targeting a potential user base of 5 million[121]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[120]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's service capabilities and increase revenue by an estimated RMB 200 million annually[16]. Environmental Commitment - The company is focused on low-carbon solutions and resource recycling, with a commitment to advanced environmental technology and overall solutions for environmental issues[30]. - The company has successfully reduced its carbon footprint by 15% through improved operational practices and technology upgrades[16]. - The environmental protection industry is expected to grow significantly due to increasing government investment and public demand for improved living conditions[31]. - The company is positioned within the "energy conservation and environmental protection" sector, which is a key area supported by the Science and Technology Innovation Board[31]. Financial Management and Risks - The company has identified potential risks related to regulatory changes, which could impact operational efficiency and profitability[16]. - The company is committed to strengthening its internal control system and risk management capabilities to improve overall operational efficiency[78]. - The company faces risks related to core competitiveness, operational challenges, and financial risks due to its project-based business model[80][81][82]. - The company is focusing on high-quality clients with strong financial capabilities to mitigate accounts receivable risks and improve cash flow management[83]. Operational Efficiency - The company has implemented a strategy for collaborative development across its business segments, providing integrated services for wastewater treatment and organic waste disposal[39]. - The company has established a strict quality control process throughout its production, ensuring the reliability and stability of its equipment[42]. - The company reported a gross margin of 45%, up from 40% in the previous quarter, indicating improved operational efficiency[120]. Shareholder Relations and Profit Distribution - The company plans to distribute profits through cash dividends, with a minimum of 30% of the average distributable profits over the last three years allocated for cash distribution[132]. - The board will consider the company's profitability, cash flow, and development stage when proposing annual or mid-term profit distribution plans[132]. - The company has not disclosed any profit distribution or capital reserve transfer plans for the half-year period[107]. - The company will ensure that profit distribution does not exceed the cumulative distributable profit and does not harm its ongoing operational capacity[132]. Legal and Compliance - The company has not reported any significant litigation or arbitration matters during the reporting period[137]. - The company adheres to environmental regulations, with all pollutants treated to meet discharge standards, and has not faced any administrative penalties for environmental issues[110]. - The company has committed to compensating investors for losses incurred due to false statements in the prospectus, with a focus on protecting minority investors[135].

Financial Performance - The company reported no profit distribution or capital reserve transfer for the fiscal year 2021, as approved by the board of directors [5]. - The company has not achieved profitability since its listing, indicating ongoing investment in growth and development [4]. - The company's operating revenue for 2021 was CNY 1,047,475,551.97, representing a year-on-year increase of 31.33% compared to CNY 797,607,372.85 in 2020 [23]. - The net profit attributable to shareholders decreased by 42.54% to CNY 72,631,442.12 from CNY 126,392,800.63 in the previous year [23]. - Basic and diluted earnings per share fell to CNY 0.85, down 44.08% from CNY 1.52 in 2020 [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,962,409.14, a decrease of 22.37% from CNY 81,102,560.14 in 2020 [23]. - The company's total assets increased by 20.44% to CNY 2,142,680,603.35 at the end of 2021, compared to CNY 1,779,108,995.76 at the end of 2020 [23]. - The company attributed the decrease in net profit to rising raw material and labor costs during the reporting period [25]. - The company experienced a net cash outflow from operating activities of CNY 26.61 million, an improvement from a net outflow of CNY 104.76 million in the previous year [92]. Research and Development - The company is actively engaged in research and development of new technologies to improve its environmental solutions [6]. - Research and development expenses accounted for 4.00% of operating revenue, slightly down from 4.04% in 2020 [24]. - The R&D team increased by 34.57% year-on-year, enhancing the company's core technology capabilities [35]. - The company reported a total R&D expenditure of ¥41,904,714.87, representing a 30.08% increase compared to the previous year [66]. - The company has established multiple R&D platforms, including a graduate workstation and engineering technology research center, enhancing its innovation capabilities [78]. - The company has developed personalized system solutions based on customer needs, integrating various unit technologies to provide comprehensive environmental solutions [81]. - The company has completed the research and development of a high-load anaerobic system, achieving efficient three-phase separation with a new patented technology [72]. - The company has developed advanced technologies for wastewater treatment, including high-efficiency biological treatment and electrochemical pre-treatment for hard-to-degrade organic pollutants [42]. Market Position and Strategy - The company plans to expand its market presence and enhance its product offerings, although specific figures and timelines were not disclosed [6]. - The company is focusing on expanding its organic waste and industrial wastewater treatment business segments [38]. - The environmental industry is expected to grow due to favorable national policies aimed at achieving carbon neutrality by 2060 [36]. - The company is actively pursuing business expansion through technology transfer, R&D innovation, and industry acquisitions [36]. - The company aims to contribute to the establishment of a sustainable green production and lifestyle in China [37]. - The company is positioned to benefit from the rapid development of new technologies in the environmental protection industry, including pyrolysis technology for organic solid waste, which offers a clean and resource-efficient solution [56]. Governance and Compliance - The company has a comprehensive governance structure in place, with all board members present at the board meeting [5]. - The company emphasizes the importance of forward-looking statements and the associated risks, advising investors to exercise caution [6]. - The company has established a clear governance structure, ensuring compliance with relevant laws and regulations, and safeguarding shareholder rights [133]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making and operations [134]. - The company has established specialized committees under the board, including the audit, nomination, and strategic committees [156]. Operational Risks and Management - The company is subject to various operational risks, which are detailed in the report, highlighting the need for strategic risk management [4]. - The company emphasizes risk prevention and management effectiveness, creating a comprehensive risk management system [175]. - The company faces financial risks due to high accounts receivable, which are closely monitored and managed to ensure timely collection [87]. Employee and Talent Management - The company has a strong focus on environmental technology R&D, with 55.05% of R&D personnel holding graduate degrees or higher [78]. - The company has implemented a dual promotion channel for technical and management personnel to enhance employee motivation [164]. - The total compensation for R&D personnel reached RMB 2,228.60 million, an increase from RMB 1,706.03 million in the previous period [77]. - The company has established a comprehensive salary and performance evaluation system to improve employee welfare and development opportunities [187]. Environmental Commitment - The company strictly adheres to environmental protection laws, ensuring that all pollutants are treated to meet discharge standards [182]. - The company promotes energy conservation and environmental awareness among employees, advocating for a green and low-carbon lifestyle [185]. - The company actively participates in social responsibility initiatives, contributing to local economic development and supporting vulnerable groups [192].

Financial Performance - Revenue for Q1 2022 was CNY 138,606,185.30, an increase of 15.35% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 78.59% to CNY 2,068,887.08[5] - Basic earnings per share were CNY 0.02, down 81.82% year-on-year[5] - Total operating revenue for Q1 2022 was RMB 138.61 million, an increase of 15.3% compared to RMB 120.16 million in Q1 2021[17] - Net profit for Q1 2022 was RMB 1.99 million, a decrease of 78.9% from RMB 9.44 million in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.02, down from RMB 0.11 in Q1 2021[20] Cash Flow and Assets - Cash flow from operating activities was negative at CNY -152,360,270.02, not applicable for comparison[5] - Cash flow from operating activities for Q1 2022 was negative RMB 152.36 million, compared to negative RMB 102.66 million in Q1 2021[22] - Cash and cash equivalents at the end of Q1 2022 were RMB 87.18 million, down from RMB 239.79 million at the end of Q1 2021[22] - The company's cash and cash equivalents were reported at ¥139,027,582.38, significantly lower than ¥376,554,311.35 at the end of 2021, marking a decline of about 63.1%[13] Research and Development - R&D expenses totaled CNY 6,301,414.01, a decrease of 19.73%, representing 4.55% of revenue, down 1.98 percentage points year-on-year[6] - Research and development expenses for Q1 2022 were RMB 6.30 million, a decrease of 19.7% from RMB 7.85 million in Q1 2021[17] - The company plans to invest 5 million in R&D for new technologies aimed at improving environmental sustainability[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,414[10] - The largest shareholder, Nanjing Wonders Investment Co., Ltd., held 28.92% of the shares[10] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,045,286,756.78, a decrease of 4.55% from the end of the previous year[6] - The company's current assets totaled ¥1,590,688,622.50, down from ¥1,716,876,537.68, indicating a decrease of about 7.3%[13] - The total liabilities decreased to ¥845,575,811.07 from ¥945,935,468.54, representing a reduction of approximately 10.6%[15] - The total owner's equity increased slightly to ¥1,199,710,945.71 from ¥1,196,745,134.81, indicating a marginal growth of approximately 0.1%[15] Market and Strategic Initiatives - The company provided a future outlook with a revenue guidance of 120 million for Q2 2022, indicating a 20% growth[23] - New product development includes the launch of an innovative waste management solution expected to generate an additional 10 million in revenue[23] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2023[23] - A strategic acquisition of a local competitor was announced, expected to enhance operational efficiency and increase market penetration[23] - A new marketing strategy is set to launch in Q2 2022, focusing on digital channels to increase brand awareness by 30%[23] Customer and Operational Metrics - User data showed an increase in active users by 20% compared to the previous quarter, reaching 1.2 million[23] - Customer satisfaction ratings improved to 90%, reflecting a 10% increase from the previous quarter[23] - The company aims to reduce operational costs by 15% through process optimization initiatives[23] Financial Ratios and Metrics - The weighted average return on equity was 0.17%, a decrease of 0.69 percentage points[6] - The company reported a significant increase in trading financial assets by 768.29%[6] - The company reported a significant increase in financial expenses, with interest expenses rising to RMB 1.50 million in Q1 2022 from RMB 0.71 million in Q1 2021[17]

Financial Performance - The company's operating revenue for Q3 2021 was ¥249,332,751.06, a decrease of 7.84% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥24,533,266.91, down 49.97% year-on-year[5]. - The basic earnings per share for the period was ¥0.29, reflecting a 50.00% decrease compared to the previous year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥707,731,617.86, a 35.3% increase from ¥522,876,967.03 in the same period of 2020[24]. - Net profit for the first three quarters of 2021 was ¥71,296,140.05, compared to ¥105,855,635.71 in the same period of 2020, indicating a decrease of 32.6%[26]. - Earnings per share for the first three quarters of 2021 was ¥0.84, down from ¥1.28 in the same period of 2020[26]. - The company reported a decrease in investment income to ¥4,921,614.39 for the first three quarters of 2021, down from ¥35,877,580.06 in the same period of 2020[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,039,391,135.48, representing a 14.63% increase from the end of the previous year[6]. - The total liabilities as of the end of the third quarter of 2021 amounted to ¥843,549,539.40, compared to ¥654,998,539.73 at the end of the previous year[22]. - The total current liabilities increased to RMB 805,623,636.71 from RMB 621,237,023.40, which is an increase of about 29.6%[21]. - The company's total equity attributable to shareholders of the parent company was ¥1,195,837,763.68, an increase from ¥1,124,110,456.03 in the previous year[22]. - The company's total non-current liabilities were ¥37,925,902.69, up from ¥33,761,516.33 in the previous year[22]. Cash Flow - The company reported a cash flow from operating activities net amount of -¥150,746,740.66 for the year-to-date[5]. - Cash generated from operating activities for the first three quarters of 2021 was ¥523,266,718.72, an increase from ¥330,790,639.71 in the same period of 2020[27]. - The net cash flow from operating activities was -150,746,740.66 RMB, compared to -97,396,400.66 RMB in the previous year, indicating a decline in operational performance[28]. - The total cash inflow from investment activities was 721,580,159.74 RMB, down from 1,740,877,580.06 RMB year-over-year[28]. - The net cash flow from financing activities was 77,235,116.58 RMB, a decrease from 419,475,390.86 RMB in the same quarter last year[29]. Operational Metrics - Research and development expenses totaled ¥8,942,515.33, accounting for 3.59% of operating revenue, an increase of 0.34 percentage points[6]. - The company experienced a significant decline in gross profit margin, impacting overall profitability[9]. - The company reported a significant increase in contract assets, totaling RMB 644,684,242.09, compared to RMB 565,706,134.53 in the previous year, reflecting a growth of approximately 13.9%[20]. - The company's inventory rose to RMB 92,231,886.12, up from RMB 50,804,159.08, indicating an increase of around 81.7%[20]. - Accounts receivable increased significantly to RMB 448,226,184.02 from RMB 286,262,624.99, marking a rise of approximately 56.6%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,746[12]. - The company received approval from the Shanghai Stock Exchange on September 2, 2021, to resume the review of its application for issuing shares and convertible bonds for asset acquisition[14]. - The company is actively engaged in the process of issuing shares and convertible bonds, with multiple rounds of inquiry from the Shanghai Stock Exchange regarding its application documents[15][16]. Accounting Standards - The company adopted the new leasing standards effective January 1, 2021, impacting the accounting treatment of leases[34]. - The cumulative effect of the new leasing standards adjusted the beginning retained earnings for the year 2021[35]. - The company has not made retrospective adjustments to prior financial statements due to the new leasing standards[35]. - The company continues to monitor the impact of the new accounting standards on its financial reporting and compliance[34].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, achieving a total of RMB 500 million, representing a growth of 25% year-over-year[1]. - The company's operating revenue for the first half of 2021 was ¥458,398,866.80, representing an increase of 81.67% compared to ¥252,321,127.09 in the same period last year[18]. - The net profit attributable to shareholders decreased by 16.95% to ¥47,194,040.74 from ¥56,823,380.14 year-on-year[18]. - The net profit after deducting non-recurring gains and losses increased by 75.82% to ¥39,015,889.95 from ¥22,190,683.46 in the previous year[18]. - The total assets at the end of the reporting period were ¥1,871,100,167.13, a 5.17% increase from ¥1,779,108,995.76 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 4.20% to ¥1,171,304,496.77 from ¥1,124,110,456.03 at the end of the previous year[18]. - Basic earnings per share decreased by 20.00% to ¥0.56 from ¥0.70 year-on-year[19]. - The company reported a significant increase in short-term borrowings by 593.52% to 67.46 million yuan, indicating a rise in working capital loans[92]. - The company achieved a revenue of 458.40 million yuan, representing an increase of 81.67% compared to the same period last year[69]. - Net profit attributable to shareholders decreased by 16.95% to 47.19 million yuan, primarily due to a reduction in non-recurring gains and losses[69]. User Growth and Market Expansion - User data indicated an increase in active users by 15%, reaching a total of 1.2 million users by the end of June 2021[1]. - The company is expanding its market presence, targeting three new provinces for service expansion by the end of 2021[1]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 30% compared to the first half[1]. - Market expansion plans include entering two new regions, which are expected to generate an additional $G million in revenue over the next fiscal year[113]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified that could add $H million in annual revenue[113]. Research and Development - The R&D investment as a percentage of operating revenue was 3.75%, down from 5.40% in the previous year, a decrease of 1.65 percentage points[19]. - Total R&D expenses increased by 26.22% to ¥17,211,672.24 compared to the previous period[52]. - The company has developed advanced core technologies, including high anti-pollution MBR systems and intelligent DTRO membrane treatment technology, enhancing operational efficiency[46]. - The company has established multiple R&D platforms, including the "JITRI-Wandesi Environmental Joint Innovation Center," to foster collaboration and innovation[64]. - The company is developing key technologies for landfill pollution control, with a total investment of ¥500.21 million in the ecological restoration technology research project[55]. - The company is applying for multiple patents related to its ongoing projects, indicating a strong focus on intellectual property development[55]. Operational Efficiency and Cost Management - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of the year[1]. - Operating costs rose by 100.45% to 329.03 million yuan, primarily due to the execution of orders that were delayed by the COVID-19 pandemic in the previous period[86]. - The company has achieved a significant reduction in operational costs by J%, enhancing overall profitability for the first half of the year[113]. Environmental Focus and Industry Position - The company focuses on advanced environmental technology equipment and integrated solutions, primarily in the organic waste and industrial wastewater sectors, with no significant changes in its main business operations during the reporting period[26]. - The environmental protection industry is experiencing significant growth, with total investment in environmental pollution reaching 953.9 billion in 2017, reflecting a compound annual growth rate of 12.68% from 2006 to 2017[28]. - The company aims to achieve significant improvements in ecological environment and resource utilization, aligning with national goals for ecological civilization and environmental protection[28]. - The company is positioned within the "energy-saving and environmental protection" sector, which is a key focus area for the Science and Technology Innovation Board[27]. - The company has a leading market share in leachate treatment within the organic waste sector and is recognized as a benchmark enterprise in the solid waste industry[42]. Risk Management and Compliance - The management highlighted the importance of addressing potential risks, including regulatory changes and market competition, as detailed in the risk factors section of the report[1]. - The company is facing risks related to core competitiveness, operational management, and industry competition, and is taking measures to enhance its management structure and training[79][80]. - The company is committed to building a robust internal control system to enhance risk management and compliance, aiming for high-quality development[76]. Shareholder and Governance Matters - The company has no plans for profit distribution or capital increase through reserves during this reporting period[1]. - The company is committed to avoiding any related party transactions that could harm its interests and will ensure fair pricing in unavoidable transactions[120]. - The company will strictly adhere to regulations regarding corporate governance and avoid any non-business-related fund transactions with its subsidiaries[120]. - The company’s board must make a decision on share repurchase within 15 trading days after the triggering conditions are met[118]. - The company’s major shareholders are primarily domestic non-state legal entities and natural persons, reflecting a concentrated ownership model[151].

Financial Performance - Operating revenue increased by 76.64% to CNY 120,158,985.82 compared to the same period last year[7] - Net profit attributable to shareholders increased by 12.77% to CNY 9,663,181.57 year-on-year[7] - Net profit excluding non-recurring gains and losses surged by 1,961.11% to CNY 9,081,907.32 compared to the same period last year[7] - The company's operating revenue for Q1 2021 was CNY 120,158,985.82, representing a 76.64% increase compared to CNY 68,026,000.71 in Q1 2020[19] - Net profit for Q1 2021 reached RMB 9,440,698.54, up 10.2% from RMB 8,568,810.25 in Q1 2020[36] - Operating profit for Q1 2021 was RMB 12,144,146.71, compared to RMB 4,429,351.13 in Q1 2020, reflecting a significant growth[35] - The total profit for Q1 2021 was RMB 11,140,072.67, compared to RMB 10,948,451.13 in Q1 2020[36] - The company’s total comprehensive income for Q1 2021 was RMB 9,440,698.54, up from RMB 8,568,810.25 in Q1 2020[36] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -102,657,565.67, compared to CNY -46,340,317.73 in the previous year[7] - Cash flow from operating activities in Q1 2021 was RMB 141,803,030.57, significantly higher than RMB 73,520,782.53 in Q1 2020[41] - Operating cash inflow for Q1 2021 was CNY 159,268,494.50, up from CNY 77,445,541.72 in Q1 2020, representing a 105.5% increase[45] - Operating cash outflow for Q1 2021 totaled CNY 263,177,374.48, compared to CNY 125,472,736.18 in Q1 2020, indicating a 109.5% increase[45] - Net cash flow from operating activities was -CNY 103,908,879.98 in Q1 2021, worsening from -CNY 48,027,194.46 in Q1 2020[46] - Cash inflow from investment activities was CNY 359,042,356.24 in Q1 2021, significantly higher than CNY 163,503,352.98 in Q1 2020, marking a 119.5% increase[46] - Cash outflow from investment activities was CNY 343,219,334.77 in Q1 2021, compared to CNY 712,977,164.76 in Q1 2020, showing a decrease of 52.1%[46] - Net cash flow from investment activities was CNY 15,823,021.47 in Q1 2021, a recovery from -CNY 549,473,811.78 in Q1 2020[46] - The ending cash and cash equivalents balance was CNY 227,898,476.20 in Q1 2021, down from CNY 74,489,186.23 in Q1 2020[46] - The company reported a net decrease in cash and cash equivalents of -CNY 97,954,736.72 in Q1 2021, compared to -CNY 127,329,534.08 in Q1 2020[46] Assets and Liabilities - Total assets decreased by 4.79% to CNY 1,693,845,889.43 compared to the end of the previous year[7] - Total liabilities decreased from CNY 718,568,690.93 to CNY 623,670,054.81, a reduction of about 13.2%[32] - Current liabilities decreased from CNY 621,237,023.40 to CNY 534,628,811.19, a reduction of about 13.9%[27] - Cash and cash equivalents decreased from CNY 379,195,970.00 to CNY 263,803,830.92, a drop of approximately 30.5%[30] - Accounts receivable decreased from CNY 283,702,374.99 to CNY 277,983,439.86, a decline of about 2.5%[31] - Inventory increased from CNY 50,773,704.81 to CNY 79,501,607.82, an increase of approximately 56.8%[31] - Shareholders' equity increased from CNY 1,106,857,035.47 to CNY 1,115,977,848.09, an increase of approximately 0.9%[32] - Non-current assets increased from CNY 235,064,984.51 to CNY 250,247,934.21, an increase of about 6.4%[31] Research and Development - R&D investment as a percentage of operating revenue rose by 0.89 percentage points to 6.53%[7] - Research and development expenses increased by 104.44% to CNY 7,850,029.28, reflecting a significant rise in R&D investment[19] - The company has not disclosed any new product or technology developments in this report[7] Shareholder Information - The total number of shareholders reached 5,625 at the end of the reporting period[11] - The largest shareholder, Nanjing Wandes Investment Co., Ltd., holds 28.92% of the shares[11] Borrowings and Financing - The company reduced short-term borrowings by 62.19% to CNY 3,678,000.00, mainly due to a decrease in discounted commercial acceptance bills[17] - The company reported a decrease in short-term borrowings from CNY 9,727,000.00 to CNY 3,678,000.00, a decline of approximately 62.2%[32] - Cash inflow from financing activities was CNY 335,000.00 in Q1 2021, down from CNY 498,002,368.00 in Q1 2020[43] - Cash outflow from financing activities totaled CNY 9,868,878.21 in Q1 2021, compared to CNY 27,830,895.84 in Q1 2020, indicating a decrease of 64.6%[46]

Financial Performance - The company's operating revenue for 2020 was approximately ¥797.61 million, representing a year-on-year increase of 3.08% compared to ¥773.77 million in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately ¥126.39 million, a slight increase of 1.50% from ¥124.53 million in 2019[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 28.31% to approximately ¥81.10 million from ¥113.12 million in 2019[22]. - The net cash flow from operating activities for 2020 was negative at approximately -¥104.76 million, a significant decrease compared to ¥31.86 million in 2019[22]. - The total assets of the company increased by 79.25% to approximately ¥1.78 billion at the end of 2020, up from ¥992.51 million at the end of 2019[22]. - The net assets attributable to shareholders increased by 101.51% to approximately ¥1.12 billion at the end of 2020, compared to ¥557.85 million at the end of 2019[22]. - The basic earnings per share for 2020 was ¥1.52, down 22.05% from ¥1.95 in 2019[23]. - The total import and export volume for the year reached 32 trillion yuan, driven by the acceptance of overseas orders, indicating a robust industrialization process[58]. Audit and Compliance - The company has received a standard unqualified audit report from Zhongtianyun Accounting Firm[5]. - The board of directors has confirmed the accuracy and completeness of the annual report, with no significant omissions or misleading statements[4]. - The company confirmed compliance with the listing conditions of the Sci-Tech Innovation Board, ensuring the accuracy and completeness of disclosed information[161]. - The company has maintained a good integrity status during the reporting period, with no significant litigation or arbitration matters reported[175]. - The company has not faced any situations that would lead to delisting or bankruptcy restructuring[175]. Research and Development - The total R&D investment for the year was approximately ¥32.21 million, representing a 4.99% increase from the previous year's ¥30.68 million[68]. - R&D investment accounted for 4.04% of total revenue, an increase of 0.07 percentage points compared to 3.97% in the previous year[68]. - The company obtained a total of 26 new patents in 2020, including 2 invention patents and 24 utility model patents, bringing the total number of patents to 87 by the end of the reporting period[60]. - The company has developed advanced core technologies, including a high-efficiency anti-fouling MBR system and an intelligent two-stage DTRO membrane processing technology, enhancing operational efficiency and reducing membrane fouling[59]. - The company has achieved significant advancements in wastewater treatment technologies, including a low-energy evaporation technology that improves energy utilization efficiency through the application of high-efficiency compressors[59]. Operational Strategy - The company has outlined various operational risks and corresponding countermeasures in the report[4]. - The company aims to achieve resource recovery and energy utilization from organic waste, creating a comprehensive solution for waste management[37]. - The company has shifted its focus to industrial wastewater treatment, particularly in the coal industry, which includes mining water, coal slurry, and domestic sewage, indicating a strategic pivot towards high-demand sectors[39]. - The company is focusing on the integration of water and solid waste management strategies to enhance its service offerings and market position[55]. - The company plans to enhance its core competitiveness by continuously tracking the latest technological developments in the environmental governance field[98]. Market and Industry Trends - The environmental protection industry in China is experiencing significant growth, with increasing government investment and a projected expansion in market size due to enhanced regulatory frameworks[54]. - The company is positioned in the "ecological protection and environmental governance" industry, which is classified as a technology-intensive sector with a focus on "energy conservation and environmental protection"[53]. - The introduction of policies promoting wastewater resource utilization is expected to accelerate market opportunities in the environmental sector[57]. - The company aims to leverage new market opportunities arising from national policies supporting environmental protection and sustainable development[94]. Corporate Governance - The company plans not to distribute profits for the year 2020 and will not conduct capital reserve transfers or other forms of distribution[5]. - The company has not disclosed any special arrangements for corporate governance[6]. - The company has established a commitment to ensure that any share reduction prices will not be lower than the issue price[150]. - The company will not transfer or entrust others to manage its shares within twelve months from the date of its initial public offering[151]. - The company will ensure compliance with all legal and regulatory requirements regarding share transfers and reductions[152]. Employee and Talent Development - In 2020, the company added 108 new employees and implemented various internal training programs to enhance talent development[140]. - The number of R&D personnel increased to 81, representing 10.91% of the total workforce, with total R&D compensation reaching 17.06 million RMB[78]. - The average salary of R&D personnel rose to 21.06 thousand RMB, up from 19.07 thousand RMB in the previous period[78]. - The company has established multiple R&D platforms, including the Jiangsu Provincial Graduate Workstation and the Jiangsu Provincial Environmental Pollution Prevention and Ecological Restoration Engineering Technology Research Center[83]. Financial Management - The company has committed a total of CNY 49,800.24 million in raised funds, with CNY 26,181.87 million utilized in the current year[186]. - The company has invested CNY 1,773,000,000 in bank wealth management products from its own funds, with an outstanding balance of CNY 173,000,000[184]. - The company has also invested CNY 1,030,000,000 in bank wealth management products from raised funds, with no outstanding balance[184]. - The company has achieved a 52.27% progress rate in utilizing the raised funds as of the reporting period[186]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has established multiple communication channels[189].

Financial Performance - Operating revenue decreased by 9.41% year-on-year, amounting to CNY 522,876,967.03[7] - Net profit attributable to shareholders increased by 12.54% year-on-year, reaching CNY 105,855,635.71[7] - Basic earnings per share decreased by 13.51% year-on-year, standing at CNY 1.28[8] - The company’s total revenue for the first three quarters of 2020 was ¥516,463,205.50, a decrease of 9.6% from ¥571,247,793.45 in the same period of 2019[34] - Total operating revenue for Q3 2020 was CNY 270,555,839.94, an increase from CNY 218,828,987.72 in Q3 2019, representing a growth of approximately 23.6%[30] - Net profit for Q3 2020 was ¥49,032,255.57, up 26.0% from ¥38,882,684.59 in Q3 2019[32] - The company reported a total profit of ¥57,501,489.65 in Q3 2020, an increase of 24.0% from ¥46,320,227.29 in Q3 2019[31] Assets and Liabilities - Total assets increased by 68.13% year-on-year, reaching CNY 1,668,743,045.57[7] - Total assets as of September 30, 2020, reached CNY 1,715,744,194.93, compared to CNY 1,029,390,798.65 at the end of 2019, reflecting an increase of approximately 66.7%[28] - Total liabilities as of September 30, 2020, amounted to CNY 623,857,050.86, up from CNY 486,122,107.43 at the end of 2019, representing a growth of about 28.3%[28] - The total assets of the company reached CNY 992,508,835.28, showcasing a solid asset base[44] - Total liabilities reached $486,122,107.43, with current liabilities totaling $445,543,584.93[47] Shareholder Information - Net assets attributable to shareholders increased by 98.56% year-on-year, totaling CNY 1,107,700,185.30[7] - The total number of shareholders reached 6,168 by the end of the reporting period[11] - The top shareholder, Nanjing Wandesi Investment Co., Ltd., holds 28.92% of shares[11] - Shareholders' equity as of September 30, 2020, was CNY 1,091,887,144.07, compared to CNY 543,268,691.22 at the end of 2019, indicating an increase of approximately 101%[28] Cash Flow - Net cash flow from operating activities decreased by 477.99% year-on-year, resulting in a negative CNY 97,396,400.66[7] - The company reported a net cash flow from operating activities of -CNY 97,396,400.66, a decline of 478.00% compared to the same period in 2019, mainly due to delayed sales collections from the COVID-19 pandemic[19] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 371.79 million, down from CNY 485.54 million in the same period of 2019, representing a decrease of 23.4%[37] - The net cash flow from operating activities for the first three quarters of 2020 was negative CNY 93.32 million, compared to a positive CNY 28.69 million in the same period of 2019[40] - Cash inflow from financing activities for the first three quarters of 2020 was CNY 498.00 million, compared to CNY 119.15 million in the same period of 2019[41] Research and Development - R&D expenditure as a percentage of operating revenue increased by 0.73 percentage points to 4.29%[8] - Research and development expenses for Q3 2020 were CNY 8,783,842.97, slightly up from CNY 8,495,493.33 in Q3 2019, indicating a focus on innovation[30] - R&D expenses for Q3 2020 were ¥8,783,842.97, slightly up from ¥8,495,493.33 in Q3 2019[34] Investment Activities - Investment activities resulted in a net cash outflow of -CNY 362,397,934.38, attributed to increased purchases of structured deposits[19] - The company reported an investment income of CNY 35,877,580.06, a staggering increase of 2627.80% compared to the previous year, driven by returns from cash management products[20] - The company reported a significant increase in cash received from investment recoveries, totaling CNY 1.72 billion in 2020, compared to CNY 220 million in 2019[40] Changes in Financial Reporting - The implementation of the new revenue recognition standard began on January 1, 2020, affecting financial reporting[45] - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial statement adjustments[49] - The financial report noted that comparative data for prior periods were not adjusted under the new revenue standards[50]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, reflecting a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2020 was ¥252,321,127.09, a decrease of 29.59% compared to ¥358,356,091.14 in the same period last year[20]. - The net profit attributable to shareholders of the listed company increased by 2.98% to ¥56,823,380.14 from ¥55,179,733.83 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 58.55% to ¥22,190,683.46 from ¥53,537,790.63 in the previous year[20]. - The company achieved operating revenue of CNY 252.32 million, a decrease of 29.59% compared to the same period last year[55]. - The net profit attributable to shareholders was CNY 56.82 million, an increase of 2.98% year-on-year[55]. - Total operating revenue for the first half of 2020 was CNY 252,321,127.09, a decrease of 29.5% compared to CNY 358,356,091.14 in the same period of 2019[139]. - Total operating costs for the first half of 2020 were CNY 218,925,943.83, down 25.6% from CNY 293,967,212.47 in the first half of 2019[139]. - Net profit for the first half of 2020 was CNY 56,823,380.14, representing a slight increase of 3.0% from CNY 55,179,733.83 in the same period of 2019[140]. Research and Development - The board has approved a plan to reinvest 50% of profits into research and development for sustainable technologies[1]. - The R&D investment as a percentage of operating revenue increased by 2.05 percentage points to 5.40% from 3.36% year-on-year[21]. - The company achieved a total R&D investment of ¥13,636,762.30, which represents 5.40% of its operating revenue[39]. - The company has 87 R&D personnel, accounting for 13.26% of the total workforce[47]. - The company has 15 ongoing R&D projects, which are expected to enhance its technological capabilities upon commercialization[51]. - The company is actively enhancing its research team and increasing R&D investment to maintain its competitive edge in the technology-intensive environmental sector[34]. - The company has developed a high-efficiency anti-fouling "MBR system + nanofiltration + reverse osmosis" technology to improve membrane system performance[35]. - The company has developed a series of automated systems for the treatment of leachate, enhancing operational efficiency[38]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share within the next three years[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's service capabilities by 40%[1]. - The marketing strategy involves public bidding, invited bidding, and competitive negotiations to secure project contracts[31]. - The company is positioned in a growth phase within the environmental protection industry, with significant potential for market expansion driven by policy incentives[34]. Financial Position and Assets - The company has maintained a strong cash position with cash reserves of RMB 80 million, ensuring liquidity for future investments[1]. - The company's total assets increased by 49.38% to ¥1,482,597,399.54 from ¥992,508,835.28 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 89.78% to ¥1,058,667,929.73 from ¥557,853,518.91 at the end of the previous year[20]. - The company reported a total current assets of RMB 1,280,559,157.49 as of June 30, 2020, compared to RMB 802,745,521.73 as of December 31, 2019, indicating a growth of approximately 59.4%[132]. - The total liabilities of the company were not specified in the provided content, but the significant changes in assets indicate a potential shift in financial strategy[132]. Cash Flow and Investments - The company experienced a negative cash flow from operating activities of ¥79,712,768.08, an improvement from a negative cash flow of ¥99,705,303.31 in the previous year[20]. - Cash flow from investment activities showed a significant outflow of ¥485,811,622.80, compared to a smaller outflow of ¥9,376,551.65 in H1 2019[149]. - Cash inflow from financing activities increased to ¥498,002,368.00, up from ¥75,406,411.66 in H1 2019, marking a substantial increase[150]. - The company received CNY 858,000,000.00 from the recovery of investments, a significant increase from CNY 150,000,000.00 in the previous year[146]. Risks and Challenges - The company has identified potential risks related to regulatory changes, which could impact future operations[1]. - The decrease in operating revenue was primarily due to the impact of the COVID-19 pandemic, which affected the progress of some ongoing projects[21]. - The company faced operational challenges due to the COVID-19 pandemic but managed to resume production effectively after initial control measures[55]. Shareholder and Governance Policies - The company has committed to not transferring or entrusting its shares for 36 months post-IPO, with specific conditions on share transfers during and after the tenure of key personnel[84]. - The company will ensure compliance with relevant laws and regulations regarding share transfer methods[85]. - The company plans to prioritize cash dividends when conditions allow, with a focus on maintaining a stable and sustainable profit distribution policy[96]. - The company commits to compensating investors for losses due to false statements in the prospectus, with a focus on protecting small investors[99]. - The company will ensure that any necessary related party transactions are conducted at fair market prices and comply with legal requirements[92]. Environmental Commitment - The main business focuses on advanced environmental technology equipment development, system integration, and overall environmental solutions, particularly in waste pollution reduction and high-difficulty wastewater treatment[26]. - The company has implemented comprehensive environmental protection measures, ensuring that all pollutants meet discharge standards without any penalties for violations[112]. - The company operates in the ecological protection and environmental governance industry, focusing on the research, design, manufacturing, and sales of environmental protection equipment and materials[164].

Financial Performance - Operating revenue decreased by 6.70% to CNY 68,026,000.71 compared to the same period last year[6] - Net profit attributable to shareholders was CNY 8,568,810.25, a significant recovery from a loss of CNY 6,478,201.40 in the same period last year[6] - Basic and diluted earnings per share improved to CNY 0.11 from a loss of CNY 0.10 in the same period last year[6] - Total operating revenue for Q1 2020 was CNY 68,026,000.71, a decrease of 6.0% compared to CNY 72,910,809.41 in Q1 2019[31] - The company reported a net profit of CNY 10,948,451.13 for Q1 2020, compared to a net loss of CNY 5,954,079.09 in Q1 2019[31] - Net profit for Q1 2020 reached CNY 8,312,277.59, compared to a net loss of CNY 5,893,566.80 in the same period last year[35] - The total comprehensive income for Q1 2020 was CNY 8,312,277.59, compared to a loss of CNY 5,893,566.80 in Q1 2019[37] Assets and Liabilities - Total assets increased by 42.94% to CNY 1,418,645,388.12 compared to the end of the previous year[6] - Total assets as of March 31, 2020, amounted to CNY 1,455,035,100.35, an increase from CNY 1,029,390,798.65 at the end of 2019[29] - Total liabilities as of March 31, 2020, were CNY 422,064,049.50, down from CNY 486,122,107.43 at the end of 2019[29] - Current liabilities reached ¥390,156,022.54, with accounts payable at ¥204,878,835.40[47] - Long-term borrowings were reported at ¥28,592,633.23, contributing to total liabilities of ¥434,655,316.37[47] Shareholder Information - Net assets attributable to shareholders increased by 87.83% to CNY 1,047,812,411.20 compared to the end of the previous year[6] - The total number of shareholders reached 7,357 by the end of the reporting period[10] - The top ten shareholders held a combined 60.17% of the company's shares, with the largest shareholder owning 28.92%[10] - Shareholders' equity increased to CNY 1,032,971,050.85 as of March 31, 2020, compared to CNY 543,268,691.22 at the end of 2019[29] Cash Flow and Investments - Cash and cash equivalents decreased by 54.77% to ¥108,316,863.56 compared to ¥239,460,067.71 in the previous year[15] - Operating cash flow net amount improved to -¥46,340,317.73 from -¥68,637,140.82, due to increased government subsidies and reduced procurement payments[18] - Cash flow from operating activities totaled CNY 80,446,740.07, an increase from CNY 76,779,121.49 in Q1 2019[39] - The net cash flow from financing activities was 470,171,472.16 RMB, a substantial improvement from -42,486,205.29 RMB in Q1 2019[44] - The total cash inflow from investment activities was 163,503,352.98 RMB, significantly higher than 20,070,383.56 RMB in the same period last year, marking an increase of about 715.5%[43] Research and Development - Research and development expenses accounted for 5.64% of operating revenue, an increase of 0.55 percentage points compared to the previous year[6] - Research and development expenses for Q1 2020 were CNY 3,839,851.22, slightly up from CNY 3,709,820.57 in Q1 2019[35] Government Subsidies - The company received government subsidies amounting to CNY 6,510,600.00 related to normal business operations[8] - The company reported a significant increase in government subsidies, contributing to a 985.39% rise in other income to ¥6,519,100.00[17] Inventory and Receivables - Inventory decreased by 81.76% to ¥35,872,856.68 from ¥196,663,352.33, attributed to the reclassification of inventory under new revenue standards[15] - Accounts receivable increased to CNY 343,809,672.35 from CNY 305,082,065.36 in the previous period[28] Financial Management - Financial expenses decreased to CNY 562,132.09 in Q1 2020 from CNY 903,819.48 in Q1 2019, reflecting improved cost management[35] - The company reported a credit impairment loss of CNY -2,472,890.64 in Q1 2020, compared to a gain of CNY 1,190,296.37 in Q1 2019[35] Changes in Accounting Standards - The company implemented new revenue recognition standards effective January 1, 2020, impacting financial reporting[48] - The company has not made adjustments to comparable period data due to the implementation of the new revenue standard[54]