Financial Performance - Operating revenue for the third quarter reached CNY 274,898,119.02, a 24.09% increase from CNY 221,528,265.14 in the same period last year[7]. - Net profit attributable to shareholders was CNY 34,790,609.70, reflecting a 4.41% increase year-on-year[7]. - Basic earnings per share decreased by 11.63% to CNY 0.38 from CNY 0.43 in the previous year[7]. - Total revenue for Q3 2020 was CNY 61,007,459.48, a decrease of 7.5% compared to CNY 65,670,728.31 in Q3 2019[32]. - Net profit for the first three quarters of 2020 reached CNY 274,898,119.02, up 24.1% from CNY 221,528,265.14 in the same period of 2019[32]. - The company reported a total comprehensive income of CNY 804,737.59 for Q3 2020, compared to CNY 17,037,097.07 in Q3 2019[40]. - The total profit for the first three quarters of 2020 reached CNY 42,970,039.43, compared to CNY 41,463,937.44 in the same period of 2019, showing a growth of approximately 3.6%[35]. Assets and Liabilities - Total assets increased by 69.99% year-on-year to CNY 1,260,674,369.75[6]. - Total liabilities decreased to CNY 299,259,773.75 from CNY 384,405,340.91 year-over-year[29]. - The company's total assets under construction increased by 276.35% to ¥146,142,135.02, driven by investments in wastewater treatment projects[14]. - The company's non-current assets totaled 224,322,971.36 RMB as of September 30, 2020, up from 105,402,442.21 RMB at the end of 2019, indicating ongoing investment in long-term assets[25]. - Total assets as of September 30, 2020, amounted to CNY 1,159,204,112.18, an increase from CNY 661,897,377.64 at the end of 2019[29]. Cash Flow - The net cash flow from operating activities was negative at CNY -148,426,519.07, compared to CNY -78,514,196.43 in the same period last year[6]. - The cash flow from operating activities for the first three quarters of 2020 was negative CNY 148,426,519.07, worsening from negative CNY 78,514,196.43 in the same period of 2019[41]. - The cash inflow from financing activities was primarily driven by new investments, highlighting the company's strategy to strengthen its capital base[45]. - The company raised 586,181,351.60 RMB from investment activities, while cash outflows for financing activities totaled 51,753,238.99 RMB, resulting in a net cash flow from financing activities of 554,428,112.61 RMB[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,587[11]. - The top shareholder, Zhang Huichun, holds 25,892,250 shares, representing 25.20% of the total shares[11]. - Shareholders' equity increased significantly to CNY 859,944,338.43 from CNY 277,492,036.73 in the previous year[29]. Research and Development - Research and development expenses accounted for 4.21% of operating revenue, up from 3.88%[7]. - Research and development expenses for Q3 2020 were CNY 3,992,715.00, up from CNY 2,855,220.38 in Q3 2019[32]. - R&D expenses for Q3 2020 were CNY 3,609,241.75, up from CNY 2,155,404.70 in Q3 2019, indicating an increase of approximately 67.5%[38]. Government Subsidies - The company received government subsidies amounting to CNY 1,945,717.81 during the reporting period[8]. - The company received government subsidies amounting to ¥394,771.54, contributing to other income[16]. Inventory and Prepayments - Inventory decreased by 89.44% to ¥25,492,287.15 due to the implementation of new revenue recognition accounting policies[14]. - Prepayments surged by 186.69% to ¥10,798,457.98 as a result of increased payments to suppliers[14]. - The inventory level was reported at 241,296,011.05 RMB, showing a significant decrease of 206,295,456.14 RMB compared to the previous period[48]. Financial Expenses - Financial expenses decreased by 504.27% to -¥2,815,966.67, attributed to increased interest income from funds raised through the IPO[16]. - The company reported a financial expense of CNY -1,759,940.29 in Q3 2020, a significant change from CNY -141,169.01 in Q3 2019[38].

2020 年第三季度报告 公司代码：688466 公司简称：金科环境 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,260,674,369.75 741,618,261.05 69.99 归属于上市公 司股东的净资 产 928,747,741.69 335,420,768.01 176.89 年初至报告期末 （1-9 月） 上年初至上年报告期 末 （1-9 月） 比上年同期增减(%) 经营活动产生 的现金流量净 额 -148,426,519.07 -78,514,196.43 不适用 年初至报告期末 （1-9 月） 上年初至上年报告期 末 （1-9 月） 比上年同期增减 （%） 1 / 31 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张慧春、主管会计工作负责人郝娜及会计机构负责人（会计主管人员） 张冬洋保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2020 was ¥213,890,659.54, representing a 37.23% increase compared to ¥155,857,536.83 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was ¥30,242,188.69, a 14.12% increase from ¥26,501,162.92 in the previous year[19]. - The company's net assets increased by 175.53% to ¥924,199,320.68 compared to ¥335,420,768.01 at the end of the previous year[19]. - Total assets rose by 69.22% to ¥1,254,987,362.23 from ¥741,618,261.05 at the end of the previous year[19]. - The basic earnings per share for the first half of 2020 was ¥0.35, a 2.94% increase from ¥0.34 in the same period last year[20]. - The company's net profit for the same period was 31.01 million yuan, reflecting a year-on-year growth of 12.83%[68]. - The main business revenue was 213.78 million yuan, accounting for 99.95% of total revenue, with water treatment solutions generating 174.92 million yuan, representing 81.78% of total revenue and a 37.4% increase year-on-year[68]. Research and Development - The company has allocated RMB 100 million for research and development in new technologies for water treatment solutions[1]. - The company's research and development expenditure accounted for 3.24% of operating revenue, a decrease of 0.45 percentage points from the previous year[20]. - The company has increased its R&D investment to 6,923,851.44 yuan, which accounts for 3.24% of its operating revenue[42]. - The company has obtained 4 new patents during the reporting period, bringing the total to 68 registered patents and software copyrights[41]. - The company’s R&D efforts focus on advanced technologies that improve water treatment efficiency and reduce operational costs by 30-50% for chemical agents[39]. - The company is developing a biological magnetic removal device for TP/TN integration, aimed at achieving Class A discharge standards without the need for additional denitrification filters[50]. - The company has completed research on ultra-low energy consumption non-saturated filtration technology, which features low investment, quick results, and easy maintenance, making it suitable for wastewater treatment and rural decentralized sewage pollution control[47]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[1]. - The company is focused on expanding its market presence through innovative technologies and strategic partnerships in the water treatment sector[12]. - The company aims to capitalize on national environmental policies to address water pollution and scarcity issues, aligning with the "green mountains and clear waters are golden mountains and silver mountains" development philosophy[25]. - The company is actively pursuing opportunities in wastewater resource utilization, driven by national ecological policies and increasing demand[71]. - The company has established a business model that combines water treatment solutions, operational services, and wastewater resource products to achieve both rapid and stable revenue growth[30]. Operational Efficiency - New product development includes the launch of a membrane universal platform technology, which is expected to enhance operational efficiency by 30%[1]. - The company has implemented a digital project management platform, which is projected to reduce project delivery times by 15%[1]. - The company’s digital management platform for membrane systems enhances operational efficiency and provides remote monitoring capabilities[40]. - The company’s projects have been recognized as "water-saving technologies supported for promotion in the Beijing-Tianjin-Hebei region" by multiple government departments[36]. Financial Position and Cash Flow - The company has maintained a strong cash position with RMB 200 million in cash reserves, ensuring liquidity for future investments[1]. - The company reported a significant increase in cash and cash equivalents, reaching approximately ¥604.17 million, a 210.23% increase compared to the previous year[56]. - The net cash flow from operating activities was negative at CNY -120,636,391.76, worsening from CNY -47,604,265.74 in the same period last year[87]. - The company has increased its construction in progress by 170.95% to approximately ¥105.22 million, mainly due to the upgrade project of the Tangshan South Fort Economic and Technological Development Zone sewage treatment plant[57]. Risk Management - The company has identified potential risks related to the COVID-19 pandemic, which may impact supply chain operations[1]. - The ongoing COVID-19 pandemic presents uncertainties that could impact the company's operations and financial performance[79]. - The company is facing risks related to project execution and potential delays due to external factors such as contractor performance and local government funding[75][76]. Corporate Governance and Shareholder Commitments - The company has established a clear framework for compliance with these commitments, including penalties for violations, ensuring accountability among major shareholders[112]. - The commitments include a provision that any share sales must not be below the issue price, adjusted for any corporate actions like dividends[112]. - The company will report any changes in shareholdings by its major shareholders to ensure transparency and adherence to the commitments[113]. - The company’s controlling shareholders and related parties have committed to avoid related party transactions and will adhere to relevant laws and regulations[147]. - The company will compensate investors for losses based on negotiated amounts or those determined by regulatory authorities[146]. Environmental Commitment - The company is classified as an eco-friendly enterprise in the water and environmental protection sector, with minimal pollutant emissions during operations[161]. - All pollutants generated by the company are treated according to environmental regulations, with no penalties for violations reported during the reporting period[161]. - The report highlights the importance of monitoring key water quality indicators to ensure compliance with national standards, reflecting the company's commitment to environmental protection[11].