证券代码：688466 证券简称：金科环境 公告编号：2023-028 金科环境股份有限公司 2023年半年度募集资金存放与实际使用情况专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第2号—上市公司募集资 金管理和使用的监管要求》《上海证券交易所科创板股票上市规则》《上海证 券交易所科创板上市公司自律监管指引第1号——规范运作》等有关规定，金 科环境股份有限公司（以下简称"公司"）董事会对2023年半年度募集资金存放 和实际使用情况专项说明如下： 一、募资资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会核发的《关于核准金科环境股份有限公司首 次公开发行股票注册的批复》（证监许可[2020]581），并经上海证券交易所 同意，公司由主承销商招商证券股份有限公司（以下简称"招商证券"）采用 询价方式，向社会公众公开发行人民币普通股（A股）股票2,569万股，发行 价为每股人民币24.61元，共计募集资金63,223.09万元，扣除本次发行的发 ...

Share Capital and Repurchase - The company plans to distribute 2 shares for every 10 shares held, increasing the total share capital from 102,760,000 to 123,119,025 shares after the distribution[6]. - The total amount spent on share repurchases in 2022 was 14,196,134.77 yuan, accounting for 18.49% of the net profit attributable to shareholders[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has implemented a share repurchase plan, utilizing 15,007,365.67 RMB to buy back 964,873 shares, aimed at supporting employee stock ownership plans[52]. Financial Performance - The company's operating revenue for 2022 was approximately ¥670.89 million, representing a year-over-year increase of 19.91% compared to ¥559.51 million in 2021[23]. - The net profit attributable to shareholders for 2022 was approximately ¥76.79 million, reflecting a growth of 23.25% from ¥62.30 million in 2021[23]. - The basic earnings per share for 2022 was ¥0.75, an increase of 22.95% compared to ¥0.61 in 2021[24]. - The company's total assets as of the end of 2022 reached approximately ¥1.85 billion, a 10.17% increase from ¥1.68 billion at the end of 2021[23]. - The total equity attributable to shareholders increased to approximately ¥1.08 billion by the end of 2022, marking a 5.51% rise from ¥1.02 billion at the end of 2021[23]. - The company reported a net cash flow from operating activities of approximately ¥84.29 million in 2022, a significant recovery from a negative cash flow of ¥33.43 million in 2021[23]. - The gross profit for the period was CNY 228.84 million, up 26.25% year-on-year, with a gross margin of 34.11%[26]. - The company reported a comprehensive gross profit margin of 34.11%, maintaining stability[26]. Research and Development - Research and development expenses accounted for 5.43% of operating revenue in 2022, up from 4.34% in 2021, indicating a focus on innovation[24]. - The company has applied for a total of 13 invention patents during the reporting period, including 10 in China and 3 PCT patents, and has been granted 10 invention patents, comprising 9 in China and 1 PCT patent[48]. - The company has established a digital collaboration platform to streamline processes in construction, significantly improving efficiency and reducing management complexity[47]. - The company has invested heavily in digital technology, enhancing its digital twin management platform and artificial intelligence capabilities to optimize water treatment system operations[121]. - Total R&D investment increased by 50.06% year-on-year to CNY 3,642.00 million, with capitalized R&D investment rising by 296.06% to CNY 1,454.54 million[127]. Technology and Innovation - The company emphasizes its "resource, product, and digital" strategy to enhance operational efficiency and market competitiveness[12]. - The company is focusing on the development of new technologies, including membrane anti-pollution technology and membrane combination process technology[12]. - The company has developed a digital project implementation platform called "Water Plant Twin," which aids in project design and management[12]. - The company launched the "Twin Water Plant Intelligent Operation Management Platform" 2022 version, which is now operational in 32 online projects across various water plants, enhancing operational efficiency and reducing reliance on manual processes[46]. - The company has developed several advanced technologies for wastewater treatment, including ozone catalytic oxidation coupled biological treatment and anti-pollution reverse osmosis, significantly improving water quality and reducing investment and operating costs[116]. Market and Industry Trends - The industrial wastewater treatment market is projected to grow at a compound annual growth rate of 8% from 2023 to 2028, reaching a market size of 451.9 billion yuan by 2028[78]. - The direct drinking water market in China is expected to reach a scale of 405.9 billion yuan by 2035, with a compound annual growth rate of 20% from 2021 to 2035[91]. - The overall revenue of the water industry is projected to continue growing due to urbanization and increasing demand for water services[94]. - The company is actively pursuing market expansion in emerging industries such as solar energy and PCB manufacturing, which are closely tied to macroeconomic conditions[167]. Risk Management - The company has detailed various risks and countermeasures in its annual report, particularly in the "Management Discussion and Analysis" section[4]. - The company is facing risks related to project execution, including potential delays and cost overruns due to unforeseen circumstances[161]. - The company aims to implement a productization strategy to mitigate project execution risks and enhance operational efficiency[161]. - The company is committed to enhancing its risk management capabilities to address potential financial and operational risks[167]. Strategic Partnerships and Collaborations - The company has established partnerships with various stakeholders, including government and industrial entities, to enhance its operational capabilities in wastewater treatment[16]. - The company aims to collaborate with partners to address water scarcity and environmental challenges, contributing to high-quality ecological development[72]. Awards and Recognition - The company won the "2022 GWI Global Water Award" for the Zhangjiagang Phase I project, which is the largest nanofiltration water plant in the world[39]. - The company has been recognized as a "Specialized, Refined, Unique, and Innovative" small and medium-sized enterprise by the Ministry of Industry and Information Technology in 2022[50]. - The company received the first prize in the 2022 China Membrane Industry Association Science and Technology Award for its "water plant twin" and "membrane steward" smart technology applications[133].

2023 年第一季度报告 证券代码：688466 证券简称：金科环境 金科环境股份有限公司 2023 年第一季度报告 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。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上年 | | | --- | --- | --- | --- | | 项目 | 本报告期 | 同期增减变动幅 | | | | | 度(%) | | | 营业收入 | | 87,679,798.63 | -9.81 | | 净利润 | | 8,191,919.32 | 84.75 | | 归属于上市公司股东的净利润 | | 7,458,993.68 | 33.27 | | 归属于上市公司股东的扣除非 经常性损益的净利润 | | 6,833,740.89 | 36.22 | 1 / 19 2023 年第一季度报 ...

证券代码：688466 证券简称：金科环境 公告编号：2023-020 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： 投资者可于 2023 年 5 月 22 日（星期一）18:00 前登录上证路演中心网 站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 ir@greentech.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 一、业绩说明会类型 金科环境股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日在上海 证券交易所网站（www.sse.com.cn）披露了公司《2022 年年度报告》及其摘要。 为加强与投资者的深入交流，使投资者更加全面、深入地了解公司情况，公司计 划于 2023 年 5 月 24 日（星期三）下午 14:00-15:00，召开 2022 年度业绩说明会， 就投资者关心的问题进行交流。 本次业绩说明会以网络文字互动方式召开，公司将针对 2022 年年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露法律法规 允许的 ...

2022 年第三季度报告 证券代码：688466 证券简称：金科环境 金科环境股份有限公司 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： (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告 | | --- | --- | --- | --- | --- | | | | 上年同期增 | | 期末比上年 | | | | 减变动幅度 | | 同期增减变 | | | | (%) | | 动幅度(%) | | 营业收入 | 94,125,671.21 | 28.61 | 313,104,226.40 | -4.70 | | 归属于上市公司股东的 | 2,361,393.14 | 28.64 | 36,536,806.00 | 2.86 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 739,588.59 | 149.01 | 31,445,857.33 | 2.67 | | ...

Financial Performance - The company reported a half-year performance summary for 2022, covering the period from January 1 to June 30, 2022[10]. - The company's operating revenue for the first half of the year was ¥218,978,555.19, a decrease of 14.24% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥34,175,412.86, reflecting a growth of 1.45% year-over-year[22]. - The net cash flow from operating activities improved to ¥8,270,664.87, a significant recovery from a negative cash flow of ¥-151,957,309.63 in the previous year[23]. - The company's total assets decreased by 2.87% to ¥1,629,541,079.69 compared to the end of the previous year[19]. - The net assets attributable to shareholders increased by 3.34% to ¥1,054,345,422.52[19]. - The basic earnings per share remained stable at ¥0.33, unchanged from the previous year[19]. - The weighted average return on net assets decreased by 0.14 percentage points to 3.29% compared to the same period last year[20]. - The company reported a total revenue of 12,968.22 million RMB for the first half of 2022, with a net profit of 1,193.61 million RMB, representing a year-on-year increase of 8,540.11 million RMB[89]. Research and Development - Research and development expenses accounted for 5.45% of operating revenue, an increase of 1.43 percentage points year-over-year[20]. - The company achieved a total R&D investment of 1,193.61 million CNY, an increase of 16.38% compared to the previous year[79]. - The proportion of R&D investment to operating revenue rose to 5.45%, up by 1.43 percentage points year-on-year[79]. - The capitalized R&D investment increased significantly by 282.54% to 351.25 million CNY, reflecting a shift towards project commercialization[79]. - The company has 28 ongoing R&D projects, with 16 projects meeting their objectives and some achieving industrialization[81]. - The company is focusing on enhancing its core competitiveness through increased R&D investment and talent acquisition[140]. - The company has developed unique technologies for nanofiltration systems, ensuring stable operation and compliance with phosphorus discharge limits in large municipal water projects[66]. - The company is researching a new hollow fiber nanofiltration membrane that combines the advantages of existing technologies, promising lower costs and higher efficiency in water treatment[64]. Market Expansion and Strategy - The company is actively pursuing market expansion through strategic partnerships and investments in water treatment technologies, targeting both domestic and international markets[12]. - The company aims to leverage its core technologies to create a digital twin platform for water plants, improving operational efficiency and management[11]. - The company introduced the PIPP model (Public-Industry-Private Partnership), which focuses on generating high-quality recycled water from wastewater for industrial use, enhancing revenue streams[11]. - The company is expanding its market presence through the development of new technologies and products, enhancing its competitive edge in the wastewater treatment sector[84]. - The company plans to establish a new R&D center in Tangshan, Hebei, focusing on resource recovery technology and membrane technology applications, which will enhance its core competitiveness[105]. Environmental Compliance and Sustainability - The company has established emergency response plans for environmental incidents, which have been submitted for approval to the ecological environment bureau[173]. - The company emphasizes the resource utilization of wastewater, enhancing the value of resource products while preventing environmental pollution[180]. - The company has successfully obtained environmental impact assessment approvals for all its projects during the reporting period[172]. - The company is committed to improving wastewater treatment processes to meet environmental standards and reduce excess discharges[169]. - The company has implemented measures to reduce carbon emissions, contributing positively to environmental protection efforts[181]. Corporate Governance and Shareholder Commitments - The board of directors confirmed the authenticity, accuracy, and completeness of the financial report, with no significant omissions or misleading statements[4]. - There are no plans for profit distribution or capital reserve conversion during this reporting period[5]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during this reporting period[159]. - The commitments include provisions for adjustments in case of stock dividends or capital increases[187]. - The company has established a clear framework for compliance and accountability among its shareholders and management regarding share transfers[195]. Operational Risks and Challenges - The company has outlined various operational risks and corresponding mitigation measures in the report[4]. - The company faces risks related to project execution, particularly due to the complexity and long execution cycles of water treatment projects, which may lead to delays or cost overruns[134]. - The company is exposed to risks from large-scale accounts receivable and reduced cash flow, particularly as project sizes increase[136]. - The company anticipates increased competition in the water treatment sector as more firms enter the market, driven by technological advancements and government support[138].

Financial Performance - The company achieved operating revenue of CNY 559.51 million in 2021, a slight increase of 0.41% compared to CNY 557.21 million in 2020[27]. - Net profit attributable to shareholders was CNY 62.29 million, representing a decrease of 13.03% from CNY 71.62 million in the previous year[27]. - The company reported a net cash flow from operating activities of CNY -33.43 million, improving by 68.09% from CNY -104.74 million in 2020[27]. - The total assets of the company reached CNY 1.68 billion at the end of 2021, a 12.77% increase from CNY 1.49 billion in 2020[27]. - The company achieved operating revenue of 559.51 million yuan, a year-on-year increase of 0.41%[48]. - Net profit attributable to shareholders decreased by 13.03% to 62.29 million yuan[48]. - The company has 433 million yuan in hand orders, a decline of 26% compared to the previous year[48]. - The main business revenue was 559.29 million yuan, accounting for 99.96% of total revenue[48]. - Revenue from water treatment solutions was 441.09 million yuan, representing 78.83% of total revenue, a decrease of 7.19% year-on-year[48]. - Revenue from operation services and wastewater resource recovery products increased by 44.59% to 118.20 million yuan[48]. Research and Development - Research and development expenses accounted for 4.34% of operating revenue, an increase of 0.56 percentage points from 3.78% in 2020[28]. - The company invested 24.27 million yuan in R&D, a year-on-year increase of 15.08%, accounting for 4.34% of operating revenue[43]. - The company applied for 17 patents and software copyrights during the reporting period, with a total of 87 patents and copyrights held[44]. - The company has 26 ongoing R&D projects, with some entering the later stages of development and patent applications in progress[43]. - The company has received 20 new patents and software copyrights during the reporting period, bringing the total to 87, including 15 invention patents[94]. - The total R&D investment for the year was approximately 24.27 million yuan, an increase of 15.08% compared to the previous year, with capitalized R&D investment rising by 121.02% to 3.94 million yuan[144]. - The company has developed three core technologies in membrane filtration, enhancing its competitive edge in water treatment and resource recovery[163]. Technology and Innovation - The company has developed a membrane universal platform technology that is compatible with various ultrafiltration membrane elements, enhancing operational flexibility[15]. - The introduction of the "water plant twin" digital project implementation platform aims to streamline project design, implementation, and operation, improving efficiency[15]. - The company is investing in new technologies for membrane anti-fouling and resource recovery from concentrated liquid, enhancing overall water treatment efficiency[15]. - The company has developed a dual-membrane coupling technology that reduces biofouling in reverse osmosis systems, simplifying processes and lowering operational costs without increasing investment[131]. - The company has implemented a digital management system for water treatment plants, transitioning from automation and information technology to intelligent management, enhancing operational efficiency[125]. - The company has established a digital twin management platform for real-time monitoring and asset management of physical water plants[144]. - The company has developed a comprehensive drinking water security system that includes three key technologies for ensuring water quality in supply networks[123]. Market Position and Strategy - The company aims to become an expert in deep water treatment and resource recovery, addressing water pollution and safety issues[29]. - The market for high-quality drinking water is rapidly growing, driven by consumer upgrades and policy support, which is expected to provide ongoing performance support for the company[29]. - The company has secured multiple new projects, including a 50,000 tons/day drinking water quality improvement project in Jiangsu and a 20,000 tons/day project in Beijing, enhancing its market position in membrane-based drinking water treatment[30]. - The company is focusing on urban water quality management, anticipating a wave of water price adjustments that will create growth opportunities in water quality protection and management services[33]. - The company has established a sales system covering major business areas, including subsidiaries and sales teams in cities like Beijing, Shanghai, and Guangzhou, to quickly respond to market demands[105]. - The company is positioned to benefit from the increasing investment in wastewater resource utilization infrastructure, driven by national policies and the need for circular economy initiatives[76]. Environmental and Sustainability Initiatives - The company reported a significant focus on wastewater resource utilization, aiming to convert treated wastewater into high-quality recycled water for industrial use[15]. - The PIPP (Public Industry-Private Partnership) model is being utilized to generate high-value recycled water from wastewater, promoting sustainable practices[15]. - The blue ecological park model focuses on recovering valuable substances from industrial wastewater, creating a sustainable investment and operational framework[15]. - The company is committed to addressing emerging pollutants in water environments, ensuring compliance with environmental safety standards[15]. - The company has developed a blue ecological park model that transforms wastewater into commercially valuable products, achieving zero discharge and benefiting local ecosystems[173]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[7]. - There are no special arrangements for corporate governance applicable to the company[10]. - The company has not violated decision-making procedures for providing guarantees[10]. - The company has not faced any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. Challenges and Risks - The company has detailed various risks and countermeasures in the report, which can be found in the "Management Discussion and Analysis" section[6]. - The impact of COVID-19 slowed down the progress of several large projects, affecting overall performance during the reporting period[58]. - The company faces risks related to project execution, including potential delays and cost overruns due to unforeseen circumstances or contractor performance issues[184]. - The company is exposed to financial risks, including increased accounts receivable and potential cash flow shortages due to larger project scales and upfront investments[186].

Financial Performance - The company's operating revenue for Q1 2022 was ¥97,220,364.60, representing a year-on-year increase of 43.42%[6] - The net profit attributable to shareholders was ¥5,597,034.70, reflecting a growth of 14.56% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥5,016,673.55, which is an increase of 24.88% year-on-year[6] - The company reported a 43.42% increase in operating revenue, driven by significant progress in specific water treatment projects and new operational capacities[10] - In Q1 2022, the company's net profit was ¥2,878,637.03, a significant improvement compared to a net loss of ¥2,221,343.78 in Q1 2021, marking a turnaround of approximately 229%[33] - Operating profit for Q1 2022 was ¥3,643,450.35, compared to an operating loss of ¥1,915,423.30 in the same period last year, indicating a recovery in operational performance[33] - The total comprehensive income for Q1 2022 was CNY 4,433,998.03, compared to CNY 4,201,785.38 in Q1 2021, reflecting an increase of 5.5%[24] - The company’s total comprehensive income for Q1 2022 was ¥2,878,637.03, compared to a total comprehensive loss of ¥2,221,343.78 in Q1 2021, showing a significant recovery[34] Cash Flow and Investments - The net cash flow from operating activities was -¥42,232,097.01, showing a decline of 52.66% compared to the previous year[6] - Cash flow from operating activities in Q1 2022 was CNY 81,342,755.12, compared to CNY 90,665,646.27 in Q1 2021, indicating a decrease of 10.3%[25] - The net cash flow from financing activities was -CNY 14,551,632.61 in Q1 2022, compared to CNY 14,008,737.56 in Q1 2021[27] - The company invested CNY 200,000,000.00 in cash during Q1 2022, compared to no investment in Q1 2021[27] - The company invested ¥202,000,000.00 in Q1 2022, a substantial increase from ¥5,180,000.00 in Q1 2021, representing a growth of approximately 3,788%[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,623,722,348.68, down 3.22% from the end of the previous year[7] - The company's total assets amount to 1,623,722,348.68 RMB, a decrease from 1,677,709,272.27 RMB at the end of 2021[18] - The company's total liabilities decreased to CNY 567,784,518.98 in Q1 2022 from CNY 624,893,420.94 in Q1 2021, a reduction of 9.1%[20] - The total liabilities as of March 31, 2022, were CNY 479,493,972.34, down from CNY 535,314,616.21 at the end of 2021[31] - The company's total current liabilities decreased to CNY 477,874,518.95 as of March 31, 2022, from CNY 532,914,857.75 at the end of 2021[31] Research and Development - Research and development expenses totaled ¥4,504,211.80, accounting for 4.63% of operating revenue, a decrease of 2.48 percentage points year-on-year[7] - The company applied for 2 PCT invention patents and obtained 3 new authorized Chinese invention patents during the reporting period, bringing the total to 90 registered patents and software copyrights, including 14 domestic invention patents and 6 foreign invention patents[15] - The company has made progress in its core technology research, specifically in membrane system application technology, and has obtained 3 new domestic invention patents related to cleaning agents and pollution control devices[16] - The company has ongoing research projects aimed at reducing biofouling and organic pollution in reverse osmosis membranes, which have led to the development of new cleaning agents[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,673[11] - The total equity attributable to shareholders increased to CNY 1,024,508,581.07 in Q1 2022, up from CNY 1,020,223,516.58 in Q1 2021, a growth of 0.3%[20] Sales and Expenses - The company experienced a 64.46% increase in sales expenses, primarily due to higher warranty service costs[10] - Total operating costs for Q1 2022 were CNY 91,845,726.23, up 41.1% from CNY 65,043,346.18 in Q1 2021[21] - The operating costs for Q1 2022 were CNY 45,510,697.64, up from CNY 31,740,002.02 in Q1 2021, reflecting a 43.4% increase[32]

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 has set a revenue guidance of 3 billion RMB for the full year 2021, projecting a growth rate of 25%[1]. - The company achieved operating revenue of CNY 255.35 million in the first half of 2021, representing a year-on-year increase of 19.38%[21]. - Net profit attributable to shareholders was CNY 33.69 million, up 11.39% compared to the same period last year[21]. - The company had a total of CNY 521 million in hand orders at the end of the reporting period, a 21.32% increase year-on-year[23]. - The main business revenue was CNY 255.24 million, accounting for 99.96% of total revenue, with water treatment solutions contributing CNY 202.68 million, a growth of 15.87%[24]. - The net cash flow from operating activities was -CNY 151.96 million, primarily due to delayed payments from large projects and increased operational costs[25]. - Basic earnings per share decreased by 5.71% to CNY 0.33 compared to the same period last year[22]. - The weighted average return on net assets was 3.43%, down 2.18 percentage points year-on-year[22]. - The company reported a total revenue of 12,531.89 million RMB for the first half of 2021, with a net profit of 1,025.58 million RMB, representing a significant increase from the previous period[83]. 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]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market penetration by 15%[1]. - The company is positioned to benefit from the dual drivers of policy and market demand in the wastewater deep treatment sector, which is expected to see significant growth[36]. - The company is actively involved in the development of membrane technology for wastewater treatment, which has substantial market potential[36]. - The company is focusing on expanding its market presence through innovative technologies and strategic partnerships in the water treatment sector[68]. Research and Development - Investment in R&D has increased by 18%, focusing on sustainable water management solutions[1]. - The company has developed a universal membrane platform technology that is compatible with various ultrafiltration membrane elements, which is a core patented technology[12]. - The company reported a significant increase in the number of invention patents applied for, with 8 applications in the current period, bringing the cumulative total to 45[63]. - The company has 26 ongoing R&D projects focused on membrane technology, wastewater treatment, and smart water management, with several projects nearing the later stages of development[68]. - The company’s R&D investment amounted to 9.34 million yuan, a year-on-year increase of 62.99%, accounting for 4.02% of operating revenue[108]. Technological Advancements - The company reported significant advancements in its membrane anti-pollution technology and membrane combination process technology, enhancing water treatment efficiency[12]. - The company’s membrane system application technology has been integrated with "smart water management," enabling digital operations and real-time monitoring in multiple projects[54]. - The company is advancing its "smart membrane" project, which aims to provide specialized online and offline services to users, enhancing membrane research capabilities[81]. - The company is conducting research on advanced oxidation and membrane separation technologies to optimize the treatment of difficult-to-degrade wastewater[78]. - The company has completed preliminary research on a new low-energy consumption filtration system, which is expected to improve wastewater treatment efficiency[77]. Customer Satisfaction and Service - The company has achieved a 95% customer satisfaction rate, reflecting improvements in service delivery[1]. - The operation service business utilizes advanced membrane system operation technology, offering management services that allow clients to monitor system performance in real-time, enhancing operational efficiency[42]. - The operation service contracts typically last between 8 to 30 years, providing a stable revenue stream through ongoing management services[46]. Environmental Commitment - The company is committed to promoting green and sustainable development models through innovative wastewater resource utilization strategies[39]. - The company has implemented measures to reduce carbon emissions, resulting in minimal pollution output during its operations[148]. - The company views wastewater as a resource and utilizes existing membrane filtration technology to produce resource-based products, enhancing the value of treated wastewater[147]. Risks and Challenges - The company has identified key risks including regulatory changes and supply chain disruptions, with mitigation strategies outlined in the report[1]. - The company faces risks related to project execution, including potential delays and cost overruns due to unforeseen circumstances[113]. - The company is exposed to risks from increasing accounts receivable and reduced cash flow due to larger project scales and upfront investments[115]. Shareholder Commitments and Governance - The company has a commitment from its controlling shareholder to not transfer or manage shares for 36 months post-IPO, ensuring stability in shareholding[152]. - The company has established a clear framework for share transfer limitations to maintain stability post-IPO[156]. - The commitments from executives and shareholders reflect a strong alignment with the company's long-term growth strategy and market stability[157]. Awards and Recognition - The company has received multiple awards, including "Membrane Technology Well-Known Brand" in 2021[91]. - The company won two awards for its wastewater treatment plant in Tangshan, recognized as a "Benchmark Wastewater Plant for Reclaimed Water Utilization" and a "Benchmark Wastewater Plant for Smart Control" in March 2021[110].