Financial Performance - The company achieved operating revenue of ¥165,303,377.32 in 2022, representing a 95.47% increase compared to the previous year[24]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥11,248,357.02, an increase of ¥32,570,666.03 from the previous year[25]. - The net cash flow from operating activities was ¥122,068,610.74, an increase of ¥127,825,354.60 compared to the previous year[25]. - Basic and diluted earnings per share increased by ¥0.3019, while the earnings per share excluding non-recurring gains and losses increased by ¥0.4313 compared to the previous year[25]. - The company reported a net profit attributable to shareholders of 14.63 million yuan in 2022, with the parent company reporting a net profit of 16.97 million yuan[196]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[175]. Dividend Distribution - The company plans to distribute a cash dividend of 0.74 RMB per 10 shares, totaling approximately 5.88 million RMB, which represents 40.17% of the net profit attributable to shareholders[7]. - The total dividend amount, including cash buyback, is approximately 15.88 million yuan, representing 108.59% of the net profit attributable to shareholders[199]. - The company has established a stable profit distribution policy, ensuring that cash dividends are no less than 10% of the distributable profit for the year when certain conditions are met[194]. - The profit distribution plan has been reviewed by independent directors and is pending approval at the 2022 annual general meeting[195]. Audit and Compliance - The company has received a standard unqualified audit report, confirming that the delisting risk warning has been lifted[6]. - The company aims to apply for the removal of the delisting risk warning from the Shanghai Stock Exchange following the report disclosure[4]. - The company has not encountered any significant risks that would materially affect its operations during the reporting period[5]. - The company has no non-operating fund occupation by controlling shareholders or related parties[10]. - The company has no violations of decision-making procedures regarding external guarantees[11]. Research and Development - The company’s R&D expenditure accounted for 7.41% of operating revenue, a decrease of 2.34 percentage points from the previous year[24]. - The company increased R&D investment to 12.25 million yuan, a 48.50% increase compared to the same period last year, with 13 ongoing projects and 109 patents obtained[35]. - The company has developed 109 patents in the field of thermal cracking technology, including 28 domestic invention patents and 27 international patents across the US, Canada, and Japan[106]. - The company is expanding its R&D capabilities with a focus on environmental and resource recovery technologies, indicating a strategic shift towards sustainability[100]. Market Strategy and Operations - The company implemented a proactive sales strategy, leading to a significant increase in new contracts signed during the reporting period[25]. - The company signed 11 new project contracts during the reporting period, with a total contract value of approximately RMB 697.23 million, marking a growth of 37.5% year-on-year[34]. - The company has strengthened its market influence and brand presence, contributing to enhanced marketing capabilities and business opportunities[25]. - The company is focused on optimizing management processes and accelerating information technology construction to improve work efficiency[163]. Risks and Challenges - The company reported a decrease in gross profit margin for waste tire cracking production lines, which was 41.63%, despite a revenue increase of 409.89%[130]. - The company has faced risks related to project contract adjustments, delays, and cancellations, which could adversely affect operational performance[117]. - The company has experienced a significant increase in fixed and intangible assets due to fundraising projects, which could lead to depreciation and amortization risks if market conditions change[118]. - The company has faced risks related to core technology imitation and innovation, which could impact its market position and operational performance[109]. Governance and Management - The governance structure has been established to ensure effective operation, including independent directors and various committees to enhance oversight and management[166]. - The company has a total of 12 board members, with 4 independent directors[171]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.84 million RMB[179]. - The company has established a cash dividend policy in accordance with regulatory guidelines, planning shareholder returns for the next three years[193]. Environmental and Sustainability Initiatives - The company is committed to sustainability, with plans to invest $K million in eco-friendly practices over the next five years[175]. - The company’s biomass pyrolysis technology converts low-grade agricultural waste into high-quality biochar, with valuable by-products like wood vinegar and combustible gas[75]. - The company is recognized as a pioneer in applying pyrolysis technology across various sectors, including medical waste treatment and biomass processing[83].

济南恒誉环保科技股份有限公司 投资者关系活动记录表 股票简称：*ST恒誉 股票代码：688309 编号：2022-01 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------------------|------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | 投资者关系活动 | 媒体采访 | 业绩说明会 | | 类别 | □新闻发布会 | 路演活动 | | | □现场参观 | 其他 | | 参与单位名称及 人员姓名 | 全体通过网络互动的方式参加本次说明会的投资者 | | | 时间 | 2022年5月23 日（星期一）上午 | 10:00-11:30 | | 地点 | 上海证券交易所"上海路演中心平台"（ | http://roadshow.sseinfo.com ） | | | 董事长兼总经理：牛斌先生 | | ...

证券代码：688309 证券简称：*ST 恒誉 公告编号：2022-049 济南恒誉环保科技股份有限公司 关于参加山东辖区上市公司投资者网上集体接待日 活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 为进一步做好投资者关系管理工作，加强与广大投资者的沟通交流，济南恒 誉环保科技股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员 会山东证监局、山东上市公司协会与深圳市全景网络有限公司联合举办的"山东 辖区上市公司 2022 年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者集体接待日活动将通过全景路演平台线上交流的方式举行，投资 者可以登录全景网"投资者关系互动平台"（http://ir.p5w.net/）参与本次活 动，活动时间为 2022 年 11 月 16 日（星期三）14:00 至 16:00。 届时公司董事会秘书、财务总监及证券事务工作人员将通过网络在线交流形 式与投资者进行沟通交流，欢迎广大投资者积极参与。 特此公告。 济南恒誉环保科技股份有限公司 董事会 2022 年 11 ...

2022 年第三季度报告 证券代码：688309 证券简称：恒誉环保 济南恒誉环保科技股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 41,179,453.29 | 396.35 | 115,118,502.41 | 153.17 | | 归属于上市公司股东的 | -13,10 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a 15% increase compared to the same period in 2021[12]. - The net profit attributable to shareholders for the first half of 2022 was RMB 20 million, a growth of 10% year-over-year[12]. - The company achieved operating revenue of CNY 73,939,049.12, an increase of 98.90% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 13,581,609.70, reflecting a growth of 32.63% year-over-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached CNY 11,363,377.89, a significant increase of 459.53% compared to the previous year[19]. - Future guidance estimates a revenue growth of 20% for the full year 2022, with a target of RMB 200 million[12]. - The company’s backlog of orders increased by 53.43%, from 136.02 million yuan at the beginning of 2021 to 208.70 million yuan at the beginning of 2022[95]. - The company achieved total operating revenue of 73.94 million yuan in the first half of 2022, representing a year-on-year growth of 98.90%[123]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[12]. - The company focuses on organic waste pyrolysis technology and has expanded its market presence in multiple countries including Germany, Denmark, and Brazil[26]. - The company is exploring new business models, including equity participation in new operating companies and BOO models, to extend its industrial chain[38]. - The company has expanded its market presence internationally, entering markets in Germany, Hungary, Denmark, and others[88]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 200 million RMB allocated for potential deals[158]. Research and Development - The company has allocated RMB 10 million for research and development in new technologies for environmental protection in 2022[12]. - The company’s R&D expenditure as a percentage of operating revenue decreased to 7.02%, down 3.53 percentage points from the previous year[20]. - The company’s total R&D investment for the reporting period was ¥5,193,594.20, representing a 32.49% increase compared to ¥3,920,113.31 in the same period last year[79]. - The company has successfully developed and included its "Continuous Waste Tire (Rubber) Thermal Pyrolysis Equipment" in the 2022 Major Technology Equipment Promotion Application Directory published by the China Machinery Industry Federation[75]. - The company has made significant progress in R&D, with 4 new patents granted and 3 new patent applications filed during the reporting period, enhancing its product technology content[74]. Sustainability and Environmental Commitment - The company emphasizes its commitment to sustainability and carbon neutrality as part of its long-term strategy[12]. - The company has implemented measures to reduce carbon emissions and energy consumption, including strict water and electricity conservation policies[152]. - The company is recognized for its innovative waste plastic chemical recycling project, which has gained investment approval from BASF, a major player in the chemical industry[53]. Risks and Challenges - Risk factors include potential regulatory changes that could impact operational costs, as detailed in the management discussion section[4]. - The company has a significant risk of core technology imitation and replacement, which could impact its market position and operational performance[99]. - The company has identified risks related to the uncertainty of the application of its cracking technology in downstream markets, particularly in oil sludge and organic hazardous waste treatment[113]. - The company has experienced adverse impacts on business negotiations and project execution due to the COVID-19 pandemic, leading to increased uncertainty in project timelines[106]. Financial Management and Investments - The company has invested a total of RMB 1,183.5 million in ongoing projects, with a current period investment of RMB 529.93 million[84]. - The company has CNY 200,000,000 in temporarily idle raised funds for cash management as of June 30, 2022[181]. - The company plans to use up to CNY 300,000,000 of temporarily idle raised funds for cash management, with a maximum investment period of 12 months[180]. - The company has established an investment decision-making committee to better control risks and identify business opportunities[138]. Shareholder and Corporate Governance - The company held its annual general meeting on June 23, 2022, where all proposed resolutions were approved without any rejections[146]. - The company reported that there were no changes in the board of directors, supervisors, senior management, or core technical personnel during the reporting period[148]. - The company has committed to fulfilling its obligations under the stock repurchase plan approved by the shareholders' meeting, ensuring investor rights are protected[163]. - The company guarantees that the public offering of shares and listing on the Sci-Tech Innovation Board does not involve any fraudulent issuance[165].

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2022, representing a 15% increase compared to the same period in 2021[12]. - The net profit attributable to shareholders for the first half of 2022 was RMB 20 million, a growth of 10% year-over-year[12]. - Future guidance estimates a revenue growth of 20% for the full year 2022, with a target of RMB 200 million[12]. - The company achieved operating revenue of CNY 73,939,049.12, an increase of 98.90% compared to the same period last year[19]. - Net profit attributable to shareholders reached CNY 13,581,609.70, up 32.63% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,363,377.89, a significant increase of 459.53% compared to the previous year[19]. - Basic earnings per share increased to CNY 0.1697, reflecting a growth of 32.58% year-on-year[20]. - The company reported a total of 150,469,794.67 RMB in revenue for the first phase of the high-end environmental equipment manufacturing industrial park, with a year-on-year growth of 37.07%[165]. - The total profit for the first half of 2022 was CNY 16,965,363.35, up from CNY 12,325,682.00 in the same period of 2021, representing a growth of 37.5%[198]. Market Expansion and Strategy - User data indicates an increase in active clients by 25%, reaching a total of 5,000 clients by June 30, 2022[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[12]. - The company is actively expanding its market presence and product lines, focusing on technology and product innovation[74]. - Market expansion plans include entering two new regions, projected to increase market share by 10%[148]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of 200 million RMB allocated for potential deals[149]. Research and Development - The company has allocated RMB 10 million for research and development in new environmental technologies for 2022[12]. - Research and development expenses accounted for 7.02% of operating revenue, a decrease of 3.53 percentage points from the previous year[20]. - The total R&D investment for the reporting period is approximately ¥5.19 million, representing a 32.49% increase compared to the previous year[79]. - The company has made significant progress in R&D, with 4 new patents granted and 3 new patent applications filed during the reporting period[74]. - The company has developed several core technologies, including thermal dispersion technology and low-temperature catalytic cracking, which are considered industry-leading[72]. Environmental Commitment - The company emphasizes its commitment to sustainability and carbon neutrality goals by 2030[12]. - The company has established a dedicated team to manage environmental issues, including safety control and pollution prevention measures[139]. - During the reporting period, the company implemented strict energy-saving measures to reduce carbon emissions, contributing to global carbon reduction efforts[139]. - The company does not belong to any heavily polluting industries and complies with national environmental protection standards[138]. Risks and Challenges - Risk factors include potential regulatory changes that could impact operational costs, as detailed in the management discussion section[4]. - The company faces risks related to core technology imitation and replacement, which could significantly impact its market position and operational performance[99]. - The company reported that the ongoing COVID-19 pandemic has negatively impacted business negotiations and project execution, leading to delays and uncertainties[106]. - The company is subject to stricter environmental policies that may delay or terminate project approvals, impacting operational timelines[102]. Financial Management and Shareholder Relations - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2022[135]. - The company has established a plan to stabilize its stock price, which includes potential share repurchases and other measures[150]. - The company guarantees that the public offering of shares and listing on the Sci-Tech Innovation Board does not involve any fraudulent activities[151]. - The company will publicly disclose reasons for any failure to comply with the stock price stabilization measures during shareholder meetings[150]. - The company will strictly distribute profits to shareholders according to the profit distribution policy outlined in the "Shareholder Dividend Return Plan" approved by the shareholders' meeting[155]. Operational Efficiency - The company's cash flow from operating activities was CNY 5,878,285.21, recovering from a negative cash flow of CNY -13,143,010.30 in the same period last year[19]. - Operating costs increased by 117.29% to 43,155,587.23 CNY, primarily due to the rise in project execution amounts[121]. - The company recorded a financial expense of CNY -2,073,368.08, which is an increase in costs compared to CNY -933,657.60 in the first half of 2021[197]. - The company achieved cash inflow from operating activities totaling CNY 71,525,149.17, compared to CNY 31,286,124.81 in the first half of 2021, indicating a growth of 128.6%[200].

Financial Performance - In 2021, the company's operating revenue and net profit declined by over 50% compared to 2020, primarily due to a decrease in operating income and credit impairment losses [4]. - The net profit attributable to shareholders for 2021 was -9,481,804.13 RMB, with the parent company reporting a net profit of -8,662,230.05 RMB [5]. - The company's operating revenue for 2021 was CNY 84,565,948.21, a decrease of 51.56% compared to CNY 174,589,275.59 in 2020 [20]. - The net profit attributable to shareholders was CNY -9,481,804.13, representing a decline of 120.63% from CNY 45,971,969.20 in the previous year [20]. - The basic earnings per share for 2021 was CNY -0.1185, down 117.62% from CNY 0.6727 in 2020 [22]. - The company's net cash flow from operating activities was CNY -5,756,743.86, an improvement of CNY 24,743,200.71 compared to CNY -30,499,962.57 in 2020 [21]. - The total assets at the end of 2021 were CNY 757,586,527.23, a decrease of 3.24% from CNY 782,980,933.69 in 2020 [21]. - The net assets attributable to shareholders were CNY 702,449,975.96, down 1.29% from CNY 711,643,692.31 in 2020 [21]. - The company reported a significant decline in net profit due to decreased operating revenue and impairment losses [23]. - The company achieved operating revenue of 84.57 million yuan, a decrease of 51.56% year-on-year [32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -21.32 million yuan, down 151.23% year-on-year [32]. Operational Challenges - The company faced challenges in 2021 due to the COVID-19 pandemic, which affected new order signings and project execution [23]. - The company faced challenges in 2021 due to the COVID-19 pandemic and delays in project approvals, impacting revenue recognition [32]. - The company emphasizes that the decline in performance is a short-term impact, with no substantial adverse changes in industry policies, market environment, or core competitiveness [4]. - The company has outlined potential risks in its operations, including delisting risks, which investors should be aware of [4]. - The company is experiencing uncertainty in the downstream market application of pyrolysis technology due to factors such as incomplete waste collection systems and policy changes [139][140]. - The ongoing impact of the pandemic continues to pose risks to the company's operational performance and project timelines [152]. Strategic Focus and Future Plans - The company plans not to distribute profits or increase capital reserves for the 2021 fiscal year, focusing on maintaining stable operations and long-term shareholder interests [5]. - The company plans to focus on improving operational efficiency and expanding its market presence in the coming years [23]. - The company aims to integrate technology innovation into areas with urgent market demand, enhancing its core competitiveness [46]. - The company is actively expanding its market presence through online promotion and enhanced customer interaction [32]. - The company aims to enhance its core competitiveness by continuously improving product quality and reducing costs through technological advancements [92]. - The company aims to maintain a strong order backlog to support future revenue growth and operational stability [155]. Research and Development - Research and development expenses accounted for 9.75% of operating revenue, an increase of 3.78 percentage points from 5.97% in 2020 [22]. - The company obtained a total of 14 new patents in 2021, including 1 US patent and 12 domestic utility model patents, bringing the total to 92 patents by the end of the reporting period [43]. - The company has developed several core technologies, including anti-coking technology, which prevents material from forming coking and ensures continuous operation of the pyrolysis equipment [86]. - The company is currently working on 11 R&D projects with a total expected investment of CNY 2,860 million, of which CNY 824.7 million has been invested to date [99]. - The company has expanded its application fields from waste tires and plastics to include oil sludge, organic hazardous waste, and new areas such as tar residue and medical waste [110]. - The company is leading the industry in developing a set of technologies for the harmless treatment and resource utilization of sludge, with a total investment of CNY 200 million planned for this project [99]. Market and Industry Trends - The environmental equipment manufacturing industry is projected to reach a market value of 1.3 trillion yuan by 2025, driven by increased investment and policy support [61]. - The chemical recycling of waste plastics is in its early development stage, with a focus on converting waste plastics into high-value products, which can significantly reduce reliance on petroleum resources [70]. - The company is recognized for its successful application of industrial continuous cracking technology in the treatment of organic hazardous waste, positioning it as a leader in this field [68]. - The company’s waste plastic project has gained recognition from BASF, highlighting its significant role in the chemical recycling of waste plastics [72]. - The company is a pioneer in the application of industrial continuous pyrolysis technology for medical waste, which is expected to enhance the capacity for harmless, reduced, and resourceful treatment of medical waste [78]. Customer and Contract Management - The company's top five customers accounted for 73.64% of total revenue in 2021, down from 91.47% in 2020, indicating a decrease in customer concentration risk [141]. - The total contract amount for the top five customers in 2021 was 17.28 million yuan, with the largest contract being 14.48 million yuan for the Xinjiang project [152]. - The company’s reliance on large contracts with long project cycles poses risks if clients request contract changes or delays [143]. - The company is committed to improving project execution, with completion rates for major projects ranging from 61.79% to 99.73% [153]. Financial Health and Investment - The company has a strong reserve of domestic and international customers, with expectations for new orders in the second, third, and fourth quarters of 2022 [160]. - The company’s investment activities generated a net cash flow of 130,432,037.72 RMB in 2021, a significant increase from -321,722,526.67 RMB in the previous year [162]. - The company plans to continue increasing R&D investment and focus on building its R&D team, optimizing and upgrading core technologies and products [198]. - The company reported a total order backlog of 29,572.75 million RMB, with an expectation that at least 60% of this amount will be recognized as revenue in 2022 [160].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 39,401,498.09, representing a year-on-year increase of 101.15%[5] - The net profit attributable to shareholders was CNY 13,126,021.42, showing a significant increase of 442.23% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses reached CNY 11,541,970.98, with an increase of 847.18% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.1641, reflecting a growth of 442.23% compared to the previous year[6] - Total operating revenue for Q1 2022 reached ¥39,401,498.09, a significant increase of 101.4% compared to ¥19,587,939.42 in Q1 2021[22] - Operating profit for Q1 2022 was ¥15,142,645.87, compared to ¥2,912,964.74 in Q1 2021, reflecting a growth of 418.5%[22] - Net profit for Q1 2022 amounted to ¥13,125,021.42, a substantial increase from ¥2,420,763.72 in Q1 2021[22] - The net profit for Q1 2022 was ¥13,126,021.42, compared to ¥2,420,763.72 in Q1 2021, representing a significant increase[23] - The total comprehensive income for Q1 2022 was ¥13,126,021.42, compared to ¥2,420,763.72 in Q1 2021, indicating strong growth[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 786,946,977.17, an increase of 3.88% from the end of the previous year[6] - Total assets as of March 31, 2022, were ¥786,946,977.17, up from ¥757,586,527.23 at the end of 2021, indicating a growth of 3.5%[19] - Total liabilities increased to ¥70,033,669.07 in Q1 2022, compared to ¥55,136,551.27 in Q1 2021, marking a rise of 27%[19] Cash Flow - The net cash flow from operating activities was CNY 19,988,130.94, with no applicable year-on-year comparison[5] - Cash inflow from operating activities was ¥57,451,405.04 in Q1 2022, a substantial increase from ¥9,761,009.32 in Q1 2021[27] - The net cash flow from operating activities improved to ¥19,988,130.94 in Q1 2022, compared to a net outflow of ¥17,613,268.84 in Q1 2021[27] - Cash outflow from investment activities totaled ¥285,103,231.99 in Q1 2022, compared to ¥237,617,249.66 in Q1 2021[28] - The net cash flow from investment activities was negative at -¥104,506,985.42 in Q1 2022, down from a positive ¥15,868,188.35 in Q1 2021[28] - The cash and cash equivalents at the end of Q1 2022 stood at ¥129,809,943.71, compared to ¥92,938,431.87 at the end of Q1 2021[28] Research and Development - Research and development expenses amounted to CNY 3,562,611.22, which is 9.04% of operating revenue, up by 0.57 percentage points year-on-year[6] - Research and development expenses for Q1 2022 were ¥3,562,611.22, up 114.3% from ¥1,659,009.46 in Q1 2021[22] Market Activity - The company reported a significant increase in accounts receivable by 129.07%, primarily due to new customer acceptance bills received during the period[10] - In Q1 2022, the company signed contracts for waste tire pyrolysis production lines worth a total of RMB 90.65 million with three domestic customers[15] - The company initiated a project with a U.S. customer for a waste plastic pyrolysis production line valued at USD 6 million, marking its entry into the U.S. market[15] - As of March 31, 2022, the company had a total order backlog of RMB 295.73 million (including tax)[16] - The company received repayments of RMB 56.44 million from Karamay Shuntong Environmental Technology Co., Ltd. during the reporting period[16] - The company enhanced its market promotion and marketing system to improve project execution capabilities and overall competitiveness[16] - The company's "Industrial Continuous Organic Waste Thermal Pyrolysis Equipment" was selected as an excellent brand in the specialized equipment field by the "Good Products Shandong" brand list[16]

Financial Performance - In 2021, the company reported a net profit attributable to shareholders of -9,481,804.13 RMB, indicating a significant decline compared to the previous year[5]. - The company's operating revenue and net profit decreased by over 50% compared to 2020, primarily due to revenue decline and impairment losses[4]. - The company's operating revenue for 2021 was CNY 84,565,948.21, a decrease of 51.56% compared to CNY 174,589,275.59 in 2020[20]. - The net profit attributable to shareholders was CNY -9,481,804.13, representing a decline of 120.63% from CNY 45,971,969.20 in the previous year[20]. - The basic earnings per share for 2021 was CNY -0.1185, down 117.62% from CNY 0.6727 in 2020[22]. - The company's cash flow from operating activities was CNY -5,756,743.86, an improvement of CNY 24,743,200.71 compared to CNY -30,499,962.57 in 2020[21]. - The weighted average return on equity decreased to -1.34% in 2021 from 10.59% in 2020, a drop of 11.93 percentage points[22]. - The company reported a significant decline in new orders due to the pandemic and changes in potential customers' situations[23]. - The company's revenue declined in 2021 due to a decrease in new orders and credit impairment losses totaling approximately 29.6 million, impacting net profit[101][102]. Operational Challenges - The company faced delays in project execution due to government approvals and the impact of the COVID-19 pandemic, affecting revenue recognition[23]. - The company faced challenges due to the COVID-19 pandemic and delays in project approvals, impacting revenue recognition[32]. - The company has outlined potential risks in its operations, including delisting risks, which investors should be aware of[4]. - The company has a significant risk of delisting, as it may trigger warnings if the net profit is negative and revenue is below 100 million yuan for the recent fiscal year[106]. - The company’s projects are subject to delays or cancellations due to various factors, which could adversely impact its operational performance and financial results[115]. Strategic Focus and Future Plans - The company plans not to distribute profits or increase capital reserves for the 2021 fiscal year, focusing on maintaining stable operations[5]. - The company does not foresee any major changes in its business fundamentals due to current industry policies and market conditions[4]. - The company's future plans and strategic developments are subject to investment risks and do not constitute a commitment to investors[6]. - The company is actively exploring new business models and analyzing industry chain development trends to strengthen its market position[31]. - The company aims to enhance its market presence by exploring new business models, including equity participation in new operating companies and BOO models[52]. Research and Development - Research and development expenses accounted for 9.75% of operating revenue, an increase of 3.78 percentage points from 5.97% in 2020[22]. - The company is focusing on the research and development of organic waste pyrolysis technology and related equipment design, production, and sales[44]. - The company has successfully entered multiple international markets, including Germany, Hungary, and Brazil, and has established projects recognized as provincial key projects in China[75]. - The company has developed a complete industrial continuous pyrolysis system that addresses key technical challenges such as heat supply temperature and dynamic sealing of input and output materials[76]. - The company is currently working on over ten R&D projects, with a total investment of 2,860 million RMB planned for these projects[90]. Market Environment and Industry Trends - There are no significant risks of industry overcapacity or continuous decline in the company's sector, ensuring a stable market environment[4]. - The environmental equipment manufacturing industry is expected to reach a market value of 1.3 trillion yuan by 2025, driven by increased environmental protection investments and technological advancements[55]. - The hazardous waste treatment sector is seeing an increase in the use of pyrolysis technology, which is pollution-friendly and adaptable to various materials, with a significant growth potential in the market[62]. - The chemical recycling of waste plastics is in its early stages, with a commitment of $1.5 billion (approximately 10.3 billion RMB) from industry players to develop solutions for plastic pollution[63]. - The government has introduced a 90% tax rebate for the recycling of waste plastics and composite materials, encouraging the development of chemical recycling technologies[64]. Governance and Compliance - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring effective operation[159]. - The company has not faced any issues regarding independence from its controlling shareholders or related parties[159]. - The company has implemented various internal control systems to manage related transactions and external guarantees[159]. - The company has maintained a stable shareholding structure with no changes in the number of shares held by directors during the reporting period[166]. - The company has established a comprehensive internal control system that complies with regulations and effectively mitigates major operational risks[194]. Social Responsibility and ESG - The company actively integrates ESG management into its corporate culture, emphasizing environmental protection and social responsibility[197]. - The company participated in social welfare activities, donating 100,000 yuan to support charity initiatives in December 2021[198]. - The company engaged in consumption assistance activities, purchasing over 30,000 yuan worth of products from a poverty-stricken area to support local economic development[198].

Financial Performance - The company's operating revenue for Q3 2021 was ¥8,296,516.85, a decrease of 80.16% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,142,709.16, reflecting a decline of 272.80% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,777,715.41, down 318.46% from the previous year[5] - The basic earnings per share for the reporting period was -¥0.1768, a decrease of 243.97% compared to the same period last year[6] - The net profit for Q3 2021 was a loss of CNY 3,902,365.22, compared to a net profit of CNY 34,233,633.71 in Q3 2020, reflecting a significant decline in profitability[26] - The company's total equity as of Q3 2021 was CNY 706,823,007.04, slightly down from CNY 711,643,692.31 in the previous year[23] - The company's net profit for the third quarter was reported at -¥3,902,365.22, compared to a profit of ¥34,233,633.71 in the same quarter of the previous year[28] - The basic and diluted earnings per share for the third quarter were both -¥0.05, a decline from ¥0.43 in the same quarter of 2020[28] Research and Development - Research and development expenses totaled ¥2,108,760.24, accounting for 25.42% of operating revenue, an increase of 19.66 percentage points year-on-year[6] - Research and development expenses for Q3 2021 were CNY 6,028,873.55, a decrease from CNY 7,312,262.06 in Q3 2020, indicating a reduction of about 17.5%[26] - The company has ongoing technology research and development projects, with varying degrees of progress reported[16] - The company obtained 3 new utility model patents in Q3 2021, totaling 6 utility model patents and 1 design patent authorized in the first three quarters[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥751,657,072.11, a decrease of 4.00% from the end of the previous year[6] - The company's total assets as of Q3 2021 amounted to CNY 751,657,072.11, a decrease from CNY 782,980,933.69 at the end of the previous year[22] - Total liabilities decreased to CNY 44,834,065.07 in Q3 2021 from CNY 71,337,241.38 in the same period last year, showing a reduction of approximately 37.2%[22] Cash Flow - The company reported a cash flow from operating activities of ¥9,863,893.55 for the year-to-date period[6] - The net cash flow from operating activities for the first three quarters of 2021 was ¥9,863,893.55, compared to a net loss of ¥24,103,823.56 in the same period of 2020, indicating a significant improvement[29] - The total cash inflow from investment activities was ¥816,408,514.73, a substantial increase from ¥30,080,547.95 in the previous year[30] - The net cash flow from investment activities was ¥30,905,308.84, recovering from a net outflow of ¥292,747,516.34 in the same period of 2020[30] - The total cash and cash equivalents at the end of the reporting period were ¥130,500,427.78, slightly down from ¥134,019,800.87 at the end of the previous year[30] - Cash and cash equivalents were CNY 130,500,427.78 in Q3 2021, up from CNY 94,627,964.89 in Q3 2020, indicating an increase of about 37.8%[21] Market and Operational Challenges - The company faced challenges in executing orders due to customer funding issues and delays in project approvals, leading to a significant drop in revenue[10] - The company plans to enhance its market expansion efforts and address the delays in project development to improve future performance[10] Shareholder Information - The largest shareholder, Ningbo Meishan Free Trade Port Area Junlong Investment Management Partnership, holds 34.39% of the shares[14] - The second largest shareholder, Ningbo Meishan Free Trade Port Area Yincheng Investment Management Partnership, holds 6.28% of the shares[14] - The company reported a total of 5,914 common shareholders at the end of the reporting period[13] - The company has no significant changes in the status of its major shareholders or their shareholding ratios[15] Collaborations and Recognitions - The company was included in the second batch of enterprises meeting the "Environmental Equipment Manufacturing Industry (Solid Waste Treatment Equipment) Standard Conditions" by the Ministry of Industry and Information Technology[16] - The company signed an important operational contract with Enshi Xirun Environmental Engineering Co., detailing the main business and financial data of the partner[17] - The company disclosed its collaboration with Tsinghua Environment regarding a joint venture, addressing concerns about inflated construction projects[18] - The company was listed in the 2021 Shandong Innovation Industrial Product Directory by the Shandong Provincial Department of Industry and Information Technology[16]