公司代码：688335 公司简称：复洁环保 上海复洁环保科技股份有限公司 投资者关系活动记录表 （2021年度暨2022年第一季度业绩说明会） - 1 - 上海复洁环保科技股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | |---------------------|-----------------------|--------------|-------| | | | | | | | □特定对象调研 | □分析师会议 | | | | □媒体采访 | ☑ 业绩说明会 | | | 投资者关系活 动类别 | □新闻发布会 □路演活动 | | | | | □现场参观 □一对一沟通 | | | | | □其他（电话会议） | | | 通过上海证券交易所上证路演中心参与公司2021年度暨2022年第一季度业绩说 | --- | --- | |---------------------------|--------------------------------------------------------------------------------- ...

公司代码：688335 公司简称：复洁环保 上海复洁环保科技股份有限公司 投资者关系活动记录表 （2022年06月） - 1 - 上海复洁环保科技股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |---------------------|---------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 □路演活动 | | | 动类别 | □现场参观 □一对一沟通 | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥227,813,742.15, representing a year-on-year increase of 314.57%[5] - The net profit attributable to shareholders for Q3 2022 was ¥38,747,168.61, reflecting a year-on-year growth of 131.01%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥37,166,888.71, with a significant increase of 233.91% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.38, up 65.22% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period reached ¥70,262,618.81, showing a year-on-year increase of 101.93%[5] - Net profit for the third quarter was ¥69,928,385.15, up from ¥34,796,225.74 in the same quarter of 2021, reflecting a growth of approximately 100.5%[25] - Basic and diluted earnings per share for the third quarter were both ¥0.69, compared to ¥0.48 in the same quarter of the previous year, marking an increase of 43.75%[26] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥1,482,466,530.39, an increase of 5.43% from the end of the previous year[6] - Total assets as of September 30, 2022, are ¥1,482,466,530.39, compared to ¥1,406,112,032.18 at the end of 2021[19] - Total current assets increased to ¥1,160,576,724.86 from ¥1,117,417,832.43 year-over-year[17] - Total liabilities increased to ¥288,906,830.86 from ¥269,611,590.02 year-over-year[19] - The company's total liabilities as of the third quarter were ¥298,738,334.43, an increase from ¥281,251,007.19 in the previous year, indicating a rise of approximately 6.5%[24] - Total equity attributable to shareholders reached ¥1,175,666,709.65, compared to ¥1,124,861,024.99 in the same period last year, reflecting an increase of about 4.5%[24] Cash Flow - The company reported a cash flow from operating activities net amount of -¥7,813,215.50, indicating a decline of 112.28% compared to the previous year[6] - Cash inflow from operating activities for the first three quarters was ¥432,213,875.31, compared to ¥278,096,664.79 in the same period of 2021, representing a growth of about 55.4%[28] - The net cash flow from operating activities was -$7,813,215.50, a decrease from $63,607,555.44 in the previous year[29] - Total cash outflow from operating activities was $440,027,090.81, compared to $214,489,109.35 in the previous year[29] - The net increase in cash and cash equivalents was -$475,994,721.72, compared to -$567,790,012.00 in the same quarter last year[30] - The ending balance of cash and cash equivalents was $305,860,738.67, up from $256,906,716.38 year-over-year[30] Research and Development - Research and development expenses for Q3 2022 totaled ¥7,696,216.11, which is a 37.29% increase compared to the same period last year[6] - The company plans to continue its focus on R&D and market expansion to sustain growth momentum in the upcoming quarters[12] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 4,693[14] - The largest shareholder, Huang Wenjun, holds 16,823,602 shares, representing 16.57% of total shares[14] - The company has a total of 9,282,000 shares held by Hangzhou Junjie Investment Partnership, accounting for 9.14% of total shares[15] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[16] - There are no applicable audit opinions for the financial statements for the reporting period[18] - The company reported a financial expense of -¥2,958,190.18, a decrease from -¥6,384,165.96 in the previous year, indicating an improvement in financial management[24] - Deferred income tax liabilities increased to ¥3,558,853.73 from ¥1,534,486.65, showing a growth of approximately 132.9%[24] - Total operating costs for the third quarter amounted to ¥383,953,137.90, compared to ¥147,400,278.20 in the previous year, indicating an increase of about 160.5%[24] - Cash paid to employees increased to $37,860,592.50 from $33,088,794.58 year-over-year[29] - Cash paid for taxes was $28,221,767.04, an increase from $22,927,786.60 in the previous year[29] - Cash paid for investment activities was $2,158,668,241.42, compared to $860,103,319.10 in the same quarter last year[29]

Financial Performance - The company achieved operating revenue of CNY 262,997,079.76 in the first half of 2022, representing a year-on-year increase of 114.85%[23]. - Net profit attributable to shareholders reached CNY 31,515,450.20, up 74.86% compared to the same period last year[23]. - Basic earnings per share increased by 72.00% to CNY 0.43[24]. - The net cash flow from operating activities was negative at CNY -20,125,203.54, a decrease of 126.42% year-on-year[23]. - The company's net assets attributable to shareholders at the end of the reporting period were CNY 1,135,987,341.05, a slight increase of 0.99% from the end of the previous year[23]. - The company's total assets as of the end of the reporting period were CNY 1.40124 billion, a decrease of 0.35% year-on-year, while the net assets attributable to shareholders increased by 0.99% to CNY 1,1359873 billion[107]. - The company's operating costs increased by 127.80% to 178.793 million yuan, primarily due to increased material and equipment procurement[132]. - The company reported a significant increase in contract assets, which rose by 75.34% to 117.512 million yuan, indicating ongoing project completions[135]. Share Capital and Dividends - The company plans to distribute no cash dividends and no bonus shares for the first half of 2022, instead proposing a capital reserve conversion of 4 shares for every 10 shares held, resulting in an increase of total shares from 72,521,508 to 101,530,111 shares[6]. - The proposed share increase will result in a total of 29,008,603 new shares being issued[6]. - The company will not distribute cash dividends or issue bonus shares for the first half of 2022[146]. - The company has established a profit distribution policy that mandates a minimum of 10% of the annual distributable profit to be distributed in cash dividends[178]. - In mature development stages without significant capital expenditure, cash dividends should constitute at least 80% of the profit distribution[178]. - The profit distribution plan must be approved by more than half of the voting rights at the shareholders' meeting[179]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the financial report for the first half of 2022[4]. - The financial report is signed and sealed by the responsible company officials and the accounting firm, ensuring its validity[10]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[8]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the half-year report[9]. - The company has not reported any major litigation or arbitration matters during the reporting period[188]. - The company has not engaged in any major related party transactions during the reporting period[188]. - The company has not reported any violations or penalties involving its directors, supervisors, or senior management during the reporting period[188]. Research and Development - Research and development expenses accounted for 3.71% of operating revenue, a decrease of 7.72 percentage points compared to the previous year[24]. - The company has successfully applied its low-temperature vacuum dehydration and drying integrated technology in over 50 projects, with a total design capacity exceeding 1.32 million tons per year[33]. - The company is focusing on R&D in sludge treatment, industrial solid waste separation, and odor purification, collaborating with institutions like Tongji University for technological advancements[40]. - The company has developed a comprehensive waste gas treatment solution, utilizing advanced computational fluid dynamics technology to enhance the overall treatment efficiency[79]. - The company has established a digital monitoring system for sludge treatment and waste gas purification processes, enhancing the digital capabilities of its environmental protection equipment[88]. - The company has a diverse R&D team with expertise in multiple disciplines, including chemical engineering, machinery, and environmental protection, ensuring a robust innovation capacity[92]. Environmental Impact and Compliance - The company reported a total wastewater discharge of 360 tons per year, with a CODCr concentration reduction from 300 mg/L to 60 mg/L[150]. - The company achieved a reduction in ammonia nitrogen (NH3-N) concentration from 30 mg/L to 8 mg/L, resulting in a total discharge of 0.01 tons per year[150]. - Non-methane total hydrocarbons emissions decreased from 0.84 tons per year to 0.25 tons per year, complying with the second-level standards of GB16297-1996[151]. - The company has implemented energy management measures, including the use of digital office systems and energy-efficient equipment, to reduce carbon emissions[158]. - The company has established an emergency response plan for potential environmental incidents, conducting regular drills to enhance response capabilities[155]. - The company’s pollution control measures have been verified by third-party monitoring, confirming that all pollutant emissions meet national standards[156]. Market Strategy and Expansion - The company aims to expand its market presence through the integration of multiple purification technologies, enhancing treatment efficiency and effectiveness[14]. - The company is actively expanding into the industrial sector, including lithium battery and coal chemical applications, with successful orders signed for dehydration and drying equipment[113]. - The company is focusing on the "carbon peak" and "carbon neutrality" related fields, aiming for diversified development while maintaining its core business[106]. - The company is recognized as a national "specialized, refined, distinctive, and innovative" small giant enterprise, focusing on high-end equipment manufacturing in the environmental protection sector[29]. - The company is expanding its market presence in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, laying the foundation for a nationwide operational network[101]. Corporate Governance and Shareholder Relations - The company emphasizes compliance and governance, enhancing its operational management and risk resistance capabilities since its listing on the Sci-Tech Innovation Board[121]. - The company commits to strengthening internal controls and cost management to enhance profit levels[175]. - The company will actively seek feedback from independent directors and investors, especially minority shareholders, to refine its profit distribution policy[175]. - The company has established strict guidelines for share transfers to ensure compliance with legal and regulatory requirements[169]. - The company will ensure compliance with all relevant laws and regulations regarding stock issuance and management practices[175]. Community Engagement and Social Responsibility - The company donated RMB 500,000 to support pandemic prevention efforts in Shanghai, addressing community needs during lockdowns[160]. - Over 100 volunteer service instances were conducted across 14 community sites for pandemic control, including nucleic acid testing and life support[161]. - The company promotes water conservation and has implemented measures to reduce water waste through employee training and equipment maintenance[159]. - The company has replaced disposable utensils with biodegradable options to minimize plastic pollution in the workplace[159].

Financial Performance - The company's total revenue for 2021 was CNY 313.03 million, a decrease of 16.70% compared to CNY 375.76 million in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 64.55 million, down 3.27% from CNY 66.73 million in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 50.41 million, a decline of 18.09% from CNY 61.55 million in 2020[22]. - The cash flow from operating activities for 2021 was CNY 60.12 million, a significant improvement from a negative cash flow of CNY 65.53 million in 2020[22]. - The company's total assets increased by 14.00% to CNY 1.41 billion at the end of 2021, compared to CNY 1.23 billion at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.89, a decrease of 19.82% from CNY 1.11 in 2020[23]. - The company's main business revenue from environmental protection decreased by 16.74%, while the cost of main business decreased by 22.99%[146]. - The gross profit margin for the company's main business increased by 4.37 percentage points[149]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.1 yuan per 10 shares, totaling approximately 22,481,667.48 yuan (including tax), which represents 34.83% of the net profit attributable to shareholders for the year 2021[5]. - As of December 31, 2021, the total share capital of the company is 72,521,508 shares[5]. - The company has not proposed any capital reserve transfer to increase share capital or bonus shares in the profit distribution plan[5]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has not experienced any violations of decision-making procedures regarding external guarantees[7]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[7]. Research and Development - The R&D expenditure as a percentage of revenue increased to 9.46% in 2021, up from 5.96% in 2020[23]. - Research and development expenses totaled CNY 29.60 million, accounting for 9.46% of revenue, with a year-on-year increase of 32.17%[40]. - The R&D team consists of professionals from various disciplines, including chemical engineering, mechanical engineering, and environmental science, enhancing the company's innovation capabilities[122]. - The company has filed for a total of 94 patents, with 10 new applications in the current year, including 3 invention patents and 6 software copyrights[108]. Technology and Innovation - The company has developed high-temperature resistant filter plates that can withstand temperatures up to 120°C, enhancing the efficiency of its mechanical filtration equipment[12]. - The company's low-temperature vacuum dehydration and drying integrated technology has been recognized as a key technology in the sludge dehydration and drying field, included in multiple national directories for advanced pollution prevention technologies[65]. - The integrated technology offers significant advantages over traditional two-stage processes, including improved energy efficiency, safety, and environmental impact[82]. - The company has successfully developed an integrated low-temperature vacuum dehydration and drying technology, addressing key technical challenges in sludge treatment[121]. Market and Growth Strategy - The company plans to continue strengthening its market promotion efforts and expanding sales channels to drive future growth[24]. - The company is focusing on expanding its market presence in the sludge treatment sector, with significant projects in Shanghai and Guangzhou successfully completed and operational[35]. - The company holds a market share of nearly 25% in the sludge treatment sector, with significant progress in expanding into emerging markets such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region[39]. - The company aims to become a leading brand in the solid-liquid separation field by the end of the 14th Five-Year Plan, focusing on high-quality development and technological innovation[181]. Environmental Commitment - The company emphasizes its commitment to environmental protection through innovative sludge treatment and waste gas purification technologies[12]. - The company is actively pursuing carbon neutrality and peak carbon goals in wastewater treatment and sludge disposal, focusing on process optimization and energy recovery innovations[97]. - The company has contributed significantly to environmental protection efforts, supporting major projects in pollution prevention and control[93]. Operational Challenges and Risks - The company faces risks related to technological upgrades and product updates, which could impact its core competitiveness if it fails to keep pace with industry advancements[134]. - The company is exposed to intensified industry competition as domestic and international players enhance their capabilities in the environmental protection sector[137]. - The company faces risks related to regional market concentration, with 68.91% of revenue coming from the Shanghai area[136]. Community Engagement - The company has been actively involved in community service during the COVID-19 pandemic, with over 100 volunteer services conducted across 14 community sites in Shanghai[58]. Future Projects and Investments - The company plans to invest CNY 600.22 million in fundraising projects, including the expansion of low-temperature vacuum dehydration and drying technology equipment[52]. - The low-temperature vacuum dehydration drying technology equipment expansion project has a total investment of RMB 371 million and is expected to significantly enhance the company's market supply capacity upon completion[196]. - The company is investing CNY 371 million in a new project in Zhejiang Province, expected to enhance production capacity and core competitiveness upon completion in December 2023[130].

Financial Performance - The company's total revenue for 2021 was CNY 313.03 million, a decrease of 16.70% compared to CNY 375.76 million in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 64.55 million, down 3.27% from CNY 66.73 million in 2020[22]. - The net profit after deducting non-recurring gains and losses was CNY 50.41 million, a decline of 18.09% from CNY 61.55 million in 2020[22]. - The operating cash flow for 2021 was CNY 60.12 million, a significant improvement from a negative cash flow of CNY -65.53 million in 2020[22]. - The company's total assets increased by 14.00% to CNY 1.41 billion at the end of 2021, compared to CNY 1.23 billion at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.89, down 19.82% from CNY 1.11 in 2020[23]. - The weighted average return on equity decreased to 5.86% in 2021, down 6.60 percentage points from 12.46% in 2020[23]. - The company achieved total operating revenue of 313.03 million yuan in 2021, a decrease of 16.70% compared to the previous year[33]. - Revenue from low-temperature vacuum dehydration and drying integrated technology equipment business was 222.83 million yuan, down 24.80% year-on-year; revenue from waste gas purification technology equipment business increased by 31.49% to 72.38 million yuan[33]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.1 yuan per 10 shares, totaling approximately 22,481,667.48 yuan (including tax), which represents 34.83% of the net profit attributable to shareholders for the year 2021[5]. - The total share capital of the company as of December 31, 2021, is 72,521,508 shares[5]. - The company has not proposed any capital reserve transfer to increase share capital or bonus shares in the profit distribution plan[5]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not experienced any violations of decision-making procedures regarding external guarantees[7]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company has established an investor relations management system to enhance communication with investors and fulfill social responsibilities[189]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with legal regulations and a reasonable professional structure[187]. - The supervisory board is composed of 2 shareholder representatives and 1 employee representative, adhering to relevant legal requirements[188]. Research and Development - The R&D expenditure as a percentage of revenue rose to 9.46% in 2021, an increase of 3.50 percentage points from 5.96% in 2020[23]. - Research and development expenses totaled CNY 29.60 million, accounting for 9.46% of revenue, with a year-on-year increase of 32.17%[40]. - The company has a dedicated R&D team of 71 personnel, representing 51.8% of its total workforce[40]. - The company has established partnerships with universities and research institutions to enhance R&D capabilities, focusing on sludge treatment and resource utilization[42]. - The company has received 70 intellectual property rights, including 6 invention patents and 41 utility model patents, with 10 new applications filed in 2021[46]. - The company is focusing on key technology breakthroughs in sludge treatment and resource recovery, new environmental materials, and solid-liquid separation of industrial waste[108]. Market and Industry Trends - The sludge treatment market is experiencing rapid growth due to increasing environmental protection demands, with significant attention from national policy makers[75]. - The national goal is to achieve a 90% harmless disposal rate for urban sludge by 2025, with a focus on effective integration of municipal sludge disposal and waste incineration[77]. - The sludge treatment and disposal fees in China are gradually increasing, with developed countries typically having these fees exceed 50% of total operating costs for sewage treatment plants[83]. - The company holds a market share of nearly 25% in the sludge treatment sector, with significant progress in expanding into emerging markets such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Southwest region[39]. Technology and Innovation - The company has developed proprietary technologies for low-temperature vacuum dewatering and gas purification, establishing itself as a significant player in the municipal and industrial sludge treatment sector[63]. - The company's low-temperature vacuum dehydration and drying integrated technology has been recognized as a key technology in the sludge dehydration and drying field, included in multiple national directories since 2019[65]. - The integrated technology has a lower overall lifecycle cost compared to other sludge treatment methods, making it economically advantageous[104]. - The company is actively pursuing carbon neutrality and peak carbon goals in wastewater treatment and sludge disposal, focusing on process optimization and energy recovery innovations[97]. - The company has developed a unique technology combining "biological" and "physical-chemical" processes for comprehensive waste gas treatment, meeting the strictest emission standards[106]. Operational Efficiency - The company is focusing on talent development by implementing targeted recruitment and training programs to fill core technical positions and support sustainable employee growth[61]. - The company has strengthened its management system to mitigate financial, procurement, and sales risks, ensuring stable operations and compliance with regulations[60]. - The company is committed to digital transformation and smart manufacturing to optimize production and sales systems, aiming to improve efficiency and reduce costs[179]. - The company is advancing its digital factory construction to optimize production processes and improve product quality, enhancing capacity and efficiency through data analysis[59]. Future Outlook - The company aims to enhance its market presence through the integration of multiple purification technologies for more efficient pollutant removal[12]. - The company plans to invest CNY 600.22 million in fundraising projects, with CNY 178.52 million already invested by the end of the reporting period[52]. - The company is exploring potential acquisitions to bolster its market position, with a budget of $100 million allocated for this purpose[198]. - The company is focusing on expanding its market presence by considering establishing offices in North China to enhance its national layout[178]. - The company plans to leverage its capital advantages to strengthen investment capabilities and achieve rapid external growth[181].

Financial Performance - The company's operating revenue for Q1 2022 was ¥108,243,123.21, representing a year-on-year increase of 33.06%[5] - The net profit attributable to shareholders for the same period was ¥18,107,591.10, reflecting a growth of 17.88% compared to the previous year[5] - Basic earnings per share (EPS) stood at ¥0.25, which is an increase of 19.05% year-on-year[6] - Total revenue for Q1 2022 reached ¥108,243,123.21, a 33.1% increase from ¥81,351,013.25 in Q1 2021[17] - Net profit for Q1 2022 was ¥18,107,591.10, representing a 17.0% increase compared to ¥15,360,778.33 in Q1 2021[19] - Basic earnings per share for Q1 2022 were ¥0.25, up from ¥0.21 in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,472,933,041.13, marking a 4.75% increase from the end of the previous year[6] - The company's current assets totaled RMB 1,194,006,025.94, up from RMB 1,117,417,832.43 at the end of 2021, indicating an increase of about 6.9%[13] - The company's non-current assets totaled RMB 278,927,015.19, down from RMB 288,694,199.75, indicating a decrease of about 3.0%[14] - Total liabilities as of Q1 2022 amounted to ¥329,089,258.38, an increase from ¥281,251,007.19 in Q1 2021[18] - The total current liabilities were RMB 320,153,189.28, up from RMB 269,611,590.02, reflecting an increase of around 18.7%[14] - The total liabilities increased to RMB 320,153,189.28, compared to RMB 269,611,590.02, representing an increase of approximately 18.7%[14] Cash Flow - The net cash flow from operating activities was ¥43,146,683.81, with no applicable year-on-year comparison[5] - Cash flow from operating activities for Q1 2022 was ¥43,146,683.81, a significant improvement from a negative cash flow of -¥50,938,907.94 in Q1 2021[20] - The company reported a total cash inflow from investment activities of ¥480,000,000.00 in Q1 2022[20] - The net cash flow from investment activities was -462,112,552.73, indicating a significant outflow compared to the previous period's -183,398,599.96[22] - Total cash and cash equivalents at the end of the period amounted to 359,851,281.57, down from 587,709,052.48 in the previous period[22] - The company reported a decrease in cash and cash equivalents by 422,004,178.82 during the quarter[22] Research and Development - Research and development (R&D) expenses totaled ¥4,585,701.48, which is a decrease of 19.15% compared to the same period last year[6] - R&D expenses accounted for 4.24% of operating revenue, down by 2.73 percentage points year-on-year[6] - Research and development expenses for Q1 2022 were ¥4,585,701.48, down from ¥5,672,036.96 in Q1 2021[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,609[10] - The top shareholder, Huang Wenjun, holds 16.57% of the shares, totaling 12,016,858 shares[10] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company has not adopted the new accounting standards for the current year[22] - The report was published by the board of directors on April 22, 2022[23]

Financial Performance - The company's operating revenue for Q3 2021 was ¥54,951,999.22, a decrease of 45.62% compared to the same period last year[5] - The net profit attributable to shareholders was ¥16,772,935.97, reflecting a 25.75% increase year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,130,905.30, down 12.36% from the previous year[5] - The net profit for the year-to-date decreased by 14.45% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 was CNY 177,360,814.26, a decrease of 29.7% compared to CNY 252,580,215.61 in the same period of 2020[21] - Net profit for the third quarter of 2021 was CNY 34,796,225.74, a decrease of 14.5% from CNY 40,674,398.94 in the same quarter of 2020[23] - Earnings per share for the third quarter of 2021 was CNY 0.48, down from CNY 0.72 in the same quarter of 2020[24] Research and Development - The total R&D investment for the year-to-date was ¥19,594,242.54, an increase of 39.45% compared to the same period last year[6] - R&D expenses accounted for 10.20% of operating revenue, an increase of 4.99 percentage points year-over-year[6] - Research and development expenses for the third quarter of 2021 were CNY 19,594,242.54, an increase of 39.5% compared to CNY 14,050,849.96 in the same quarter of 2020[22] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,326,853,844.33, representing a 7.58% increase from the end of the previous year[6] - Total current assets as of September 30, 2021, amount to ¥1,083,520,191.10, slightly down from ¥1,085,158,702.87 at the end of 2020[17] - Total assets as of September 30, 2021, are ¥1,326,853,844.33, up from ¥1,233,410,893.91 in 2020[18] - Total current liabilities increased to ¥222,676,623.80 from ¥153,160,993.70 in 2020, reflecting a rise of approximately 45.4%[18] - The total liabilities as of the end of the third quarter of 2021 amounted to CNY 235,157,852.31, compared to CNY 155,388,925.69 at the end of the same period in 2020[22] - The total equity attributable to shareholders of the parent company was CNY 1,091,695,992.02, an increase from CNY 1,078,021,968.22 in the same period of 2020[22] Cash Flow - Cash flow from operating activities for the first three quarters of 2021 was CNY 278,096,664.79, significantly higher than CNY 127,000,287.15 in the same period of 2020[26] - The net cash flow from operating activities was 63,607,555.44 RMB, a significant improvement compared to -89,241,036.29 RMB in the previous year[27] - Total cash outflow from investing activities amounted to 860,103,319.10 RMB, slightly down from 945,396,607.29 RMB year-over-year[27] - The net cash flow from financing activities was -23,480,636.05 RMB, contrasting with a positive inflow of 763,448,998.49 RMB in the same quarter last year[28] - The total cash and cash equivalents at the end of the period were 256,906,716.38 RMB, down from 824,696,728.38 RMB at the beginning of the period[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 4,806[14] - The largest shareholder, Huang Wenjun, holds 11,992,904 shares, representing 16.54% of total shares[14] - The company has a total of 6,630,000 unrestricted shares held by the largest unrestricted shareholder, Hangzhou Junjie Investment Partnership[15] Financial Management - Financial expenses for the third quarter of 2021 showed a net income of CNY -6,384,165.96, compared to CNY -1,680,116.35 in the same quarter of 2020, indicating improved financial management[22] - The company paid 33,088,794.58 RMB in employee compensation, up from 24,940,968.13 RMB year-over-year[27] - The company reported a decrease in tax payments to 22,927,786.60 RMB from 26,211,250.96 RMB in the previous year[27]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The company's operating revenue for the first half of 2021 was approximately ¥122.41 million, a decrease of 19.22% compared to ¥151.54 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately ¥18.02 million, down 34.07% from ¥27.34 million in the previous year[19]. - Basic earnings per share decreased by 50.00% to ¥0.25, primarily due to an increase in the number of shares following the IPO and a decline in net profit[18]. - The net cash flow from operating activities was approximately ¥76.18 million, showing a significant improvement from a negative cash flow of ¥85.84 million in the previous year[19]. - The total treatment capacity of the company's waste gas treatment facilities has exceeded 5 million cubic meters/hour, with over a hundred projects completed in the waste gas purification field[50]. - The company reported a total of restricted cash amounting to 24,796,056.47, primarily due to guarantee deposits[105]. Research and Development - The company has invested 100 million RMB in R&D for innovative environmental technologies, aiming for a 15% improvement in efficiency[1]. - The company's R&D investment as a percentage of operating revenue increased to 11.43%, up 5.64 percentage points from 5.79% in the previous year[18]. - Research and development investment increased by 59.22% year-on-year, totaling approximately CNY 13.99 million, which represents 11.43% of operating revenue[64][65]. - The company has filed for a total of 85 patents, with 6 granted during the reporting period, including 1 invention patent and 2 utility model patents[62]. - The company achieved a significant technological breakthrough in low-temperature vacuum dehydration and drying integration technology, reducing sludge moisture content from 90-99% to below 30%[74]. - The company is developing an IoT-based intelligent operation and maintenance management system for environmental equipment, with a total expected investment of CNY 6.5 million[68]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - The company has increased its market expansion efforts, leading to higher marketing expenses during the reporting period[18]. - The company is focusing on expanding its market presence in regions with high environmental governance requirements, such as East China and South China[77]. - The company has expanded its business operations across multiple provinces, including Zhejiang, Anhui, Hubei, Henan, and Guangxi, enhancing its national strategic layout[77]. - The company plans to continue focusing on innovation and expanding its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region[91]. Operational Developments - New product development includes the launch of an advanced wastewater treatment system, projected to reduce operational costs by 30%[1]. - The company has completed numerous benchmark projects in the municipal sector, including the Shanghai Taihe Sewage Treatment Plant and the Guangzhou Daguang Sewage Treatment Plant, establishing itself as a leading enterprise in the domestic municipal and industrial sludge treatment field[49]. - The company has developed a comprehensive waste gas treatment solution, utilizing advanced technologies such as computational fluid dynamics to enhance overall purification efficiency[59]. - The company has successfully implemented nearly 40 projects in the sludge dehydration and drying field, receiving widespread recognition for equipment performance and treatment effectiveness[76]. Financial Stability and Risks - The company has maintained a strong cash position with 500 million RMB in liquid assets, ensuring financial stability for upcoming projects[1]. - The management highlighted potential risks including regulatory changes and market competition, which could impact future performance[1]. - The company has identified risks related to the uncertainty of the application of low-temperature vacuum dehydration and drying integration technology in downstream markets[92]. - The company’s reliance on the East and South China markets poses a risk of revenue growth slowdown if new markets are not effectively developed[96]. Environmental Commitment - The company has established an ISO14001 environmental management system to promote sustainable development and reduce environmental impact[115]. - The company advocates resource conservation and recycling, implementing measures such as energy-efficient lighting and water-saving fixtures[116]. - The company emphasizes green production practices, focusing on energy-efficient resource use and pollution control throughout the production process[117]. - The company strictly adheres to the Environmental Protection Law of the People's Republic of China, ensuring compliance with national and local environmental standards[120]. Shareholder and Governance - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring shareholder stability[124]. - The company will not seek to increase the number of directors nominated by actual controllers beyond a majority on the board[144]. - The company has established a framework to ensure compliance with relevant laws and regulations regarding shareholder rights and obligations[144]. - The company will take responsibility for any penalties or repayments required due to non-compliance with social insurance and housing fund regulations[144].

Financial Performance - Operating revenue increased by 138.46% to CNY 81,351,013.25 year-on-year[6] - Net profit attributable to shareholders surged by 545.83% to CNY 15,360,778.33 compared to the same period last year[6] - Basic earnings per share rose by 425.00% to CNY 0.21 per share[6] - Total operating revenue for Q1 2021 was CNY 81,351,013.25, a significant increase of 138% compared to CNY 34,114,789.42 in Q1 2020[30] - Net profit for Q1 2021 reached CNY 15,360,778.33, compared to CNY 2,378,439.01 in Q1 2020, marking a 545% increase[31] - The company reported a total profit of CNY 17,463,875.73 for Q1 2021, up from CNY 3,103,619.06 in Q1 2020[30] - The company achieved a gross profit margin of approximately 36.1% in Q1 2021, compared to 8.3% in Q1 2020[30] Assets and Liabilities - Total assets decreased by 3.00% to CNY 1,196,350,245.06 compared to the end of the previous year[6] - The total assets as of March 31, 2021, amounted to CNY 1,196,350,245.06, a decrease from CNY 1,233,410,893.91 at the end of 2020, representing a decline of approximately 3%[22] - Current liabilities totaled CNY 94,385,992.76, down from CNY 153,160,993.70, indicating a reduction of about 38%[22] - Non-current liabilities decreased to CNY 8,581,505.75 from CNY 2,227,931.99, reflecting an increase of approximately 285%[23] - Total liabilities amounted to CNY 102,967,498.51, a decrease of around 34% from CNY 155,388,925.69[23] - The total current assets slightly decreased from CNY 1,062.31 billion to CNY 1,061.91 billion, a reduction of CNY 0.40 billion[46] Cash Flow - The net cash flow from operating activities was negative at CNY -50,938,907.94, compared to CNY -28,824,696.66 in the previous year[6] - Cash flow from operating activities in Q1 2021 was CNY 51,724,508.16, compared to CNY 39,023,811.70 in Q1 2020, indicating a 32% increase[37] - The net cash flow from operating activities for Q1 2021 was -58,154,635.62 RMB, compared to -27,774,774.66 RMB in Q1 2020, indicating a decline of approximately 109% year-over-year[39] - The cash outflow from investing activities was 176,126,058.18 RMB in Q1 2021, with a net cash flow from investing activities of -176,125,858.18 RMB, indicating significant investment expenditures[39] - The cash outflow from financing activities was 400,000.00 RMB, resulting in a net cash flow from financing activities of -400,000.00 RMB, showing limited financing activity during the quarter[40] Shareholder Information - The total number of shareholders reached 5,561 at the end of the reporting period[10] - The top shareholder, Huang Wenjun, holds 16.54% of the shares, totaling 11,992,904 shares[10] Research and Development - Research and development expenses accounted for 6.97% of operating revenue, a decrease of 1.5 percentage points from the previous year[6] - The company reported a 96.32% increase in R&D expenses, totaling ¥5,672,036.96, up from ¥2,889,136.46 in the previous quarter, indicating increased investment in innovation[16] - Research and development expenses in Q1 2021 amounted to CNY 5,672,036.96, which is an increase of 97% from CNY 2,889,136.46 in Q1 2020[30] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 1,509,740.67[9] - Other income for Q1 2021 was CNY 1,509,740.67, an increase from CNY 616,829.34 in Q1 2020[30]