Financial Performance - Operating revenue for the current period was CNY 19,587,939.42, down 4.15% from CNY 20,436,989.15 in the same period last year[5] - Net profit attributable to shareholders of the listed company was CNY 1,218,566.05, a decrease of 67.06% compared to CNY 3,698,846.89 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.0303, down 63.18% from CNY 0.0823 in the same period last year[5] - Total profit decreased by 49.19% to CNY 2.92 million, primarily due to a temporary decline in project gross margin[14] - Net profit decreased by 50.99% to CNY 2.42 million, attributed to a temporary decline in project gross margin compared to the same period last year[14] - Comprehensive income for Q1 2021 was ¥2,420,763.72, a decrease of 51.0% from ¥4,938,976.89 in Q1 2020[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 17,613,268.84, a significant decrease compared to a net inflow of CNY 921,349.09 in the previous year, representing a decline of 2,011.68%[5] - Operating cash flow net amount was CNY -17.61 million, indicating a significant decrease in cash received through bank settlements[14] - The net cash flow from operating activities for Q1 2021 was -17,613,268.84 RMB, a significant decline compared to 921,349.09 RMB in Q1 2020[32] - Cash inflow from operating activities totaled 9,761,009.32 RMB in Q1 2021, down 60.9% from 24,968,445.66 RMB in Q1 2020[31] - Cash outflow from operating activities increased to 27,374,278.16 RMB in Q1 2021, compared to 24,047,096.57 RMB in Q1 2020, reflecting a rise of 9.6%[31] - Total cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which fell to 9,292,171.44 RMB from 22,786,610.75 RMB year-over-year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 772,247,278.96, a decrease of 1.37% compared to the end of the previous year[5] - Total liabilities decreased from ¥71,337,241.38 to ¥56,040,820.09, a reduction of approximately 21.5%[19] - Total equity increased from ¥711,643,692.31 to ¥716,206,458.87, an increase of about 0.79%[20] - Current assets decreased from ¥628,855,194.10 to ¥619,576,063.45, a decline of about 3.06%[19] - Cash and cash equivalents decreased from ¥94,627,964.89 to ¥92,938,431.87, a decline of approximately 1.79%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,452[11] - The largest shareholder, Ningbo Meishan Free Trade Port Area Junlong Investment Management Partnership, held 34.39% of the shares[11] Research and Development - R&D expenses accounted for 8.47% of operating revenue, a decrease of 3.87 percentage points from 12.37% in the previous year[7] - Research and development expenses decreased by 34.24% to CNY 1.66 million, as material costs temporarily reduced[13] - Research and development expenses were ¥1,659,009.46, a decrease of 34.2% from ¥2,522,652.17 in Q1 2020[29] Other Financial Metrics - The weighted average return on net assets decreased by 1.81 percentage points to 0.34%[5] - Financial expenses showed a significant decrease of 167.96%, with interest income from bank deposits increasing and interest expenses decreasing[13] - The company reported non-recurring gains of CNY 1,202,197.67 for the period[8] - Other income decreased significantly to ¥38,100.00 from ¥951,900.00 in Q1 2020[29] - The company reported a credit impairment loss of ¥831,849.66, compared to ¥1,087,383.50 in Q1 2020[29]

Financial Performance - The company's operating revenue for 2020 was CNY 174,589,275.59, a decrease of 25.65% compared to CNY 234,823,333.57 in 2019 [23]. - The net profit attributable to shareholders for 2020 was CNY 45,971,969.20, down 28.64% from CNY 64,426,488.10 in 2019 [23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41,622,416.43, a decline of 34.03% year-on-year [25]. - The company's total assets at the end of 2020 reached CNY 782,980,933.69, an increase of 123.91% from CNY 349,678,632.68 at the end of 2019 [23]. - The net assets attributable to shareholders increased by 213.89% to CNY 711,643,692.31 at the end of 2020, compared to CNY 226,719,089.65 at the end of 2019 [23]. - Basic earnings per share for 2020 were CNY 0.6727, a decrease of 37.34% from CNY 1.0736 in 2019 [24]. - The company reported a net cash flow from operating activities of CNY -30,499,962.57 for 2020, an improvement from CNY -51,624,951.48 in 2019 [23]. - The weighted average return on net assets decreased to 10.59% in 2020 from 32.63% in 2019, a reduction of 22.04 percentage points [24]. - The company achieved operating revenue of RMB 174.59 million, a decrease of 25.65% compared to RMB 234.82 million in the previous year [84]. - The net profit attributable to the parent company was RMB 45.97 million, down 28.64% from RMB 64.43 million in the previous year [84]. Dividend Distribution - The company plans to distribute a cash dividend of 0.62 RMB per 10 shares, totaling approximately 4,960,665.45 RMB, which accounts for 10.79% of the net profit attributable to shareholders for the reporting period [4]. - In 2020, the company distributed a cash dividend of 0.62 RMB per 10 shares, with a total cash dividend amounting to 4,960,665.45 RMB, representing 10.79% of the net profit attributable to shareholders [144]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for common shareholders in 2020 [145]. - The company is committed to maintaining a stable profit distribution policy, ensuring that cash dividends do not exceed the cumulative distributable profits [142]. Research and Development - The company is focused on developing new technologies and products in the environmental protection sector [4]. - The R&D expenditure as a percentage of operating revenue increased to 5.97% in 2020 from 4.43% in 2019, reflecting a growth of 1.54 percentage points [24]. - The company is currently working on 11 R&D projects, with a total investment of ¥3,000,000 planned, and has already invested ¥1,000,000 in these projects [68]. - The company has achieved significant progress in developing a continuous waste tire pyrolysis technology, with a total investment of ¥85,000 and a cumulative investment of ¥42,360 [68]. - The company has applied for 13 new domestic and international patents during the reporting period, with 7 new patents granted, enhancing its core competitiveness and market share [62]. - The company holds 72 domestic patents in thermal pyrolysis technology, including 24 invention patents, and has obtained 12 international patents in countries such as the USA, Canada, and Japan [58]. - The company emphasizes continuous innovation in its operations, aiming to provide complete and systematic material processing solutions for clients [34]. Market and Industry Trends - The environmental protection equipment manufacturing industry is projected to reach a value of 1 trillion yuan by 2020, driven by increased domestic investment and technological innovation [44]. - The energy-saving industry is expected to achieve a production value of 1.7 trillion yuan by 2020, with the overall environmental industry projected to reach 2 trillion yuan [45]. - The continuous thermal cracking technology is becoming the mainstream method for treating oily sludge, with significant market competitiveness due to its low cost and high recovery rate of oil [47][48]. - The waste tire recycling industry is transitioning towards continuous automated production equipment, as mandated by the Ministry of Industry and Information Technology, indicating a shift towards more efficient and environmentally friendly processing methods [49]. - The chemical recycling of waste plastics is gaining traction, with a commitment of $1.5 billion from industry players to develop solutions for plastic pollution, aiming to enhance recycling rates and reduce reliance on petroleum [51][52]. Operational Challenges - The company experienced a significant impact on its performance due to the pandemic, leading to decreased revenue and increased costs related to share payments and listing expenses [25]. - The company is exposed to risks related to project contract adjustments, delays, or cancellations, which could significantly impact its operational performance [100]. - The company faces a high customer concentration risk, with the top five customers accounting for 91.47% of total revenue during the reporting period, highlighting the need for customer diversification [99]. - The company’s operations have been impacted by the COVID-19 pandemic, leading to delays in project execution and a reduction in revenue and profits during the reporting period [94]. Corporate Governance and Compliance - The board of directors has confirmed the authenticity and completeness of the annual report [4]. - The company has committed to fulfilling its promises and will compensate for any losses incurred by shareholders due to non-compliance with these commitments [148]. - The company will ensure that any gains from unauthorized share reductions will be returned to the company [150]. - The company emphasizes its commitment to transparency and legal compliance in its shareholding structure [150]. - The company will take responsibility for any losses incurred by investors due to breaches of commitment, including potential compensation [161]. Social Responsibility - The company donated RMB 100,000 for targeted poverty alleviation efforts in Hunan Province, focusing on rural development and support for vulnerable populations [189]. - The company actively engages in social responsibility initiatives, including participation in national poverty alleviation efforts and community support programs [188]. - The company emphasizes sustainable practices, focusing on energy consumption and resource utilization in its operations [194].

Financial Performance - Net profit attributable to shareholders decreased by 33.21% to CNY 31,736,970.73 year-on-year[7] - Operating revenue decreased by 24.93% to CNY 120,579,548.62 compared to the same period last year[7] - Basic earnings per share decreased by 46.87% to CNY 0.4279[8] - The net profit attributable to shareholders for the first nine months decreased by 29.17% to CNY 34,233,633.71[7] - Revenue decreased by 24.93% to RMB 120,579,548.62, impacted by COVID-19[17] - Net profit declined by 29.17% to RMB 34,233,633.71, influenced by reduced sales and increased management expenses[17] - The total operating profit for the first three quarters of 2020 was ¥39,003,635.88, compared to ¥55,839,785.99 in the same period of 2019[35] - The company reported a total profit of CNY 8,849,245.14 for Q3 2020, compared to CNY 7,741,147.48 in Q3 2019, reflecting an increase of 14.3%[31] Assets and Liabilities - Total assets increased by 120.92% to CNY 772,509,220.72 compared to the end of the previous year[7] - The total current assets reached ¥641,861,970.08, up from ¥219,515,781.76 at the end of 2019, indicating an increase of about 192.5%[22] - The company's total assets amounted to ¥772,509,220.72, compared to ¥349,678,632.68 at the end of 2019, reflecting a growth of approximately 121.5%[24] - The total liabilities decreased to ¥71,620,491.39 from ¥122,959,543.03, showing a reduction of about 41.7%[24] - The total liabilities decreased to 122,959,543.03 RMB from 84,364,290.54 RMB, reflecting a reduction of about 38.5%[46] - Current liabilities decreased from ¥116,150,037.59 to ¥77,554,785.10, a reduction of ¥38,595,252.49[51] Cash Flow - Net cash flow from operating activities improved by 16.67% to CNY -24,103,823.56 compared to the same period last year[7] - The net cash flow from operating activities for the first three quarters of 2020 was -¥24,103,823.56, an improvement from -¥28,736,113.52 in the same period of 2019[40] - The company reported a net cash flow from financing activities of ¥429,052,254.45, primarily due to funds raised during the period[19] - The net cash flow from financing activities was 429,052,254.45 RMB, a turnaround from -9,601,285.28 RMB in the previous year, indicating a substantial increase in financing[42] Shareholder Information - Total number of shareholders reached 8,568[14] - The top ten shareholders collectively hold 40.67% of the company's shares, with Ningbo Meishan Free Trade Port Zone Junlong Investment Management Partnership holding 34.39%[15] Research and Development - R&D investment as a percentage of operating revenue increased by 53.81 percentage points to 6.06%[8] - Research and development expenses for Q3 2020 were CNY 2,407,530.09, compared to CNY 1,907,274.42 in Q3 2019, marking an increase of 26.2%[30] - Research and development expenses for the first three quarters of 2020 totaled ¥7,312,262.06, up from ¥6,329,037.81 in the same period of 2019[34] Inventory and Receivables - Accounts receivable rose by 171.85% to RMB 133,477,254.76, primarily due to increased project receivables[16] - Inventory decreased by 80.99% to RMB 23,196,062.99, attributed to the new revenue recognition standards[17] - The company reported a significant decrease in inventory, with a reduction of 96,850,767.98 RMB, reflecting a strategic move to optimize inventory management[44] - The company's accounts receivable rose to ¥133,477,254.76 from ¥47,093,400.00, an increase of approximately 183.5%[22] Government Subsidies - The company reported government subsidies of CNY 2,554,704.40 for the year-to-date period[10] - The company reported a 223.43% increase in other income to RMB 521,114.54, mainly from government subsidies[17] Other Financial Metrics - The weighted average return on equity decreased by 10.85 percentage points to 14.04%[7] - Management expenses increased by 87.00% to RMB 12,684,173.99, mainly due to stock-based compensation and listing-related costs[17] - Cash inflow from sales of goods and services was 52,318,436.37 RMB, down from 96,629,714.94 RMB in the previous year, a decline of approximately 46%[21] - Cash inflow from investment activities decreased significantly to 30,080,547.95 RMB in 2020 from 120,664,076.85 RMB in 2019, representing a decline of about 75%[21]

证券代码：688309 证券简称：恒誉环保 公告编号：2020-005 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、准确性和完整性承担个别及连带责任。 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 2020 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采取网络远程的方式举行，投资者可以登录"全景•路演 天下"网站（http://rs.p5w.net）参与本次活动，活动时间为 2020 年 9 月 29 日（星期 二）15:00 至 16:55。 届时公司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 2020 年 9 月 26 日 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[11]. - The company's operating revenue for the first half of the year was ¥78,758,443.66, a decrease of 41.03% compared to ¥133,561,321.28 in the same period last year[17]. - Net profit attributable to shareholders decreased by 37.30% to ¥26,049,050.21 from ¥41,545,500.47 year-on-year[17]. - Basic earnings per share decreased by 37.30% to ¥0.4341 from ¥0.6923 in the same period last year[16]. - The weighted average return on equity decreased by 10.90 percentage points to 10.87% from 21.77% year-on-year[16]. - The company achieved operating revenue of 78.76 million yuan, a decrease of 41.03% compared to the same period last year, which was 133.56 million yuan[60]. - The net profit attributable to the parent company was 26.05 million yuan, down 37.30% from 41.55 million yuan in the previous year[60]. Research and Development - Research and development expenses increased by 20% to RMB 5 million, focusing on new technologies in waste treatment[11]. - Research and development expenses accounted for 6.23% of operating revenue, an increase of 2.92 percentage points compared to 3.31% in the previous year[16]. - The company has achieved a total R&D investment of ¥4,904,731.97, which accounts for 6.23% of its operating revenue[47]. - The company has developed 3 new utility model patents and 1 design patent during the reporting period[45]. - The company focuses on the application of pyrolysis technology in organic waste treatment, expanding its R&D strategy to address various organic materials[62]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in the second half of 2020, aiming for a 30% increase in market share[11]. - The company has outlined a future outlook projecting a revenue growth of 20% for the full year 2020, driven by new product launches[11]. - The company aims to provide comprehensive solutions for organic waste treatment, focusing on continuous innovation in pyrolysis technology[23]. - The company adopts an order-based production model, ensuring that products are tailored to individual customer needs, which enhances customer satisfaction and operational efficiency[28]. - The company’s marketing strategy focuses on direct sales to end customers, ensuring a closer relationship and better understanding of client needs[31]. Financial Position and Assets - The company's total assets increased by 0.58% to ¥351,702,709.30 from ¥349,678,632.68 at the end of the previous year[17]. - The balance of contract assets at the end of the reporting period was 67.08 million yuan, accounting for 19.07% of total assets[64]. - Accounts receivable at the end of the reporting period amounted to 97.36 million yuan, representing 27.68% of total assets[65]. - The company reported a long-term investment of CNY 5,931,289.56, down from CNY 10,000,000.00[127]. - The total liabilities decreased to CNY 96,787,767.17 from CNY 122,563,237.59, a reduction of 21.0%[133]. Risks and Challenges - The company has identified potential risks related to regulatory changes in the environmental sector, which may impact future operations[11]. - The company is facing risks related to project contract adjustments, delays, and cancellations due to various external factors[69]. - The company relies heavily on a single customer, Shuntong Environmental Protection, which accounted for 44.46% of total operating revenue during the reporting period[67]. - The company has a limited number of clients, with a high customer concentration, indicating a need for continuous customer acquisition and retention[68]. Commitments and Governance - The company has committed to various promises related to its initial public offering, with a commitment period of 36 months starting from the listing date[89]. - The company will not engage in any activities that could harm its interests or those of its shareholders[101]. - The board of directors and senior management have committed to fulfilling all public commitments made during the IPO process[106]. - The company will publicly disclose any reasons for failing to fulfill commitments and apologize to shareholders[106]. - The company’s actual controllers and board members have agreed to similar lock-up commitments for their shares[93]. Environmental and Industry Outlook - The domestic environmental protection investment has been rapidly increasing, with significant growth potential as it currently accounts for less than 1.5% of GDP[33]. - The environmental equipment manufacturing industry has maintained rapid growth, with an expected output value reaching 1 trillion yuan by 2020[34]. - The market for oil sludge treatment is estimated to be around 100-150 billion yuan annually, with overall oil and gas pollution treatment market potentially exceeding 300 billion yuan[36]. - The company is positioned as a pioneer in the field of organic hazardous waste pyrolysis, which is expected to become a primary treatment method due to its lower pollution and higher resource recovery capabilities[38].