Financial Performance - Operating revenue increased by 18.18% to CNY 67,786,745.30 compared to the same period last year[5] - Net profit attributable to shareholders increased by 28.61% to CNY 4,885,621.86 compared to the same period last year[5] - Total operating revenue for Q1 2021 was CNY 67,786,745.30, an increase of 18.5% compared to CNY 57,357,651.06 in Q1 2020[32] - Operating profit for Q1 2021 was CNY 5,623,012.49, a slight increase from CNY 5,240,109.95 in Q1 2020[32] - Net profit for Q1 2021 reached CNY 5,694,267.70, compared to CNY 5,115,326.56 in Q1 2020, reflecting a growth of 11.4%[32] - The total comprehensive income for Q1 2021 was CNY 4,201,785.38, compared to CNY 3,536,652.06 in Q1 2020, indicating an increase of 18.7%[33] - The company's net loss for Q1 2021 was CNY 2,221,343.78, a decline from a profit of CNY 16,526.72 in Q1 2020[36] Assets and Liabilities - Total assets decreased by 5.91% to CNY 1,399,890,903.57 compared to the end of the previous year[5] - Total assets as of March 31, 2021, were CNY 1,276,286,421.30, down from CNY 1,361,905,430.80 at the end of 2020[30] - Total liabilities as of March 31, 2021, were CNY 391,681,270.85, a decrease from CNY 475,078,936.57 at the end of 2020[30] - Shareholders' equity as of March 31, 2021, was CNY 884,605,150.45, slightly down from CNY 886,826,494.23 at the end of 2020[30] - Cash and cash equivalents decreased to CNY 354,021,076.76 from CNY 425,722,403.05 at the end of 2020[28] Cash Flow - The net cash flow from operating activities was CNY -89,200,835.89, showing a significant increase in losses compared to CNY -68,813,575.34 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥89,200,835.89, an increase in prepayments and shipping payments compared to the previous year[18] - The cash inflow from operating activities was CNY 98,100,033.26 in Q1 2021, compared to CNY 80,910,204.03 in Q1 2020, reflecting a growth of 21.2%[38] - The net cash flow from operating activities for Q1 2021 was -77,679,838.84 RMB, compared to -70,251,938.77 RMB in Q1 2020, indicating a decline of approximately 10.5% year-over-year[41] - Total cash inflow from operating activities was 76,253,117.28 RMB, up from 63,676,141.89 RMB in the previous year, representing an increase of about 19.5%[41] - Cash outflow from operating activities totaled 153,932,956.12 RMB, compared to 133,928,080.66 RMB in Q1 2020, reflecting an increase of approximately 15%[41] Research and Development - Research and development expenses accounted for 7.11% of operating revenue, an increase of 2.35 percentage points[7] - R&D expenses rose by 76.57% to ¥4,816,471.06, reflecting a return to normal project progress[16] - Research and development expenses for Q1 2021 were CNY 4,816,471.06, significantly higher than CNY 2,727,739.12 in Q1 2020, reflecting increased investment in innovation[32] - Research and development expenses for Q1 2021 were CNY 4,088,349.58, which is a 88.5% increase from CNY 2,171,967.26 in Q1 2020[35] Shareholder Information - The number of shareholders at the end of the reporting period was 6,396[10] - The top shareholder, Zhang Huichun, holds 25.20% of the shares[10] Other Financial Metrics - The weighted average return on equity decreased by 0.53 percentage points to 0.50%[5] - The company received government subsidies amounting to CNY 49,291.56 related to its normal business operations[8] - The total non-recurring gains and losses amounted to CNY 868,517.33[8] - Accounts receivable financing increased by 384.80% to ¥8,797,190.72 compared to the previous year[14] - Other receivables rose by 142.31% to ¥11,557,984.68, primarily due to performance guarantees for the sewage treatment project[14] - Short-term borrowings increased by 59.88% to ¥31,976,721.00, attributed to an increase in bank credit loans[14] - Employee compensation payable decreased by 64.83% to ¥3,646,250.13, mainly due to the issuance of annual bonuses[14] - Tax payable decreased by 83.11% to ¥1,670,739.15, primarily due to tax payments made in Q4 2020[14] - Sales expenses increased by 61.29% to ¥3,282,844.68, driven by a recovery in sales activities post-pandemic[16] - The company has signed contracts for future revenue of ¥38,960.59 million in equipment and technology solutions[19]

Financial Performance - Operating revenue increased by 18.18% to CNY 67,786,745.30 year-on-year[5] - Net profit attributable to shareholders increased by 28.61% to CNY 4,885,621.86 compared to the same period last year[5] - The company reported a net profit of CNY 5,694,267.70 for Q1 2021, compared to CNY 5,115,326.56 in Q1 2020, indicating a growth of 11.4%[32] - The net profit for Q1 2021 was CNY 4,212,168.10, up from CNY 3,558,564.66 in Q1 2020, indicating a growth of 18.4%[33] - The company reported a total comprehensive income of CNY 4,201,785.38 for Q1 2021, compared to CNY 3,536,652.06 in Q1 2020, reflecting an increase of 18.7%[33] Assets and Liabilities - Total assets decreased by 5.91% to CNY 1,399,890,903.57 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to CNY 1,276,286,421.30, down from CNY 1,361,905,430.80 at the end of 2020[30] - Total liabilities as of March 31, 2021, were CNY 391,681,270.85, a decrease from CNY 475,078,936.57 at the end of 2020[30] - Shareholders' equity as of March 31, 2021, was CNY 884,605,150.45, slightly down from CNY 886,826,494.23 at the end of 2020[30] Cash Flow - The net cash flow from operating activities was CNY -89,200,835.89, showing a significant decline compared to CNY -68,813,575.34 in the previous year[5] - Cash inflows from operating activities totaled CNY 98,100,033.26, up from CNY 80,910,204.03 in Q1 2020, marking a growth of 21.2%[38] - The net cash flow from operating activities for Q1 2021 was -77,679,838.84 RMB, compared to -70,251,938.77 RMB in Q1 2020, indicating a decline of approximately 10.5% year-over-year[41] - The total cash outflow from operating activities in Q1 2021 was 153,932,956.12 RMB, up from 133,928,080.66 RMB in Q1 2020, representing an increase of approximately 15%[41] - The cash flow from investment activities in Q1 2021 was -5,484,857.60 RMB, compared to -1,128,603.00 RMB in Q1 2020, indicating a decline of approximately 386%[41] Expenses - Research and development expenses accounted for 7.11% of operating revenue, an increase of 2.35 percentage points[7] - R&D expenses rose by 76.57% to CNY 4,816,471.06, reflecting a return to normal project progress[16] - Sales expenses increased by 61.29% to CNY 3,282,844.68, driven by a recovery in sales activities post-pandemic[16] - The cash paid for purchasing goods and services in Q1 2021 was 112,746,138.48 RMB, which is an increase of approximately 28% compared to 88,144,553.75 RMB in Q1 2020[41] Shareholder Information - The total number of shareholders reached 6,396 by the end of the reporting period[10] - The largest shareholder, Zhang Huichun, holds 25.20% of the shares[10] Future Outlook - The company has signed contracts for future revenue of CNY 38,960.59 million in equipment and technology solutions[19] - The total amount of signed contracts in operation services and wastewater resource products is CNY 17,088.52 million[21] - The management indicated plans for future product development and market expansion strategies to enhance revenue streams[35] - The company’s total assets and liabilities are expected to grow as it continues to expand its market presence and invest in new technologies[35]

Financial Performance - The company's operating revenue for 2020 was CNY 557,212,040.55, representing a 10.44% increase compared to CNY 504,557,542.63 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 71,624,793.66, a decrease of 4.14% from CNY 74,719,885.94 in 2019[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 68,826,662.33, down 5.81% from CNY 73,075,091.48 in 2019[25]. - The cash flow from operating activities for 2020 was negative CNY 104,743,766.66, a significant decline compared to a positive CNY 90,152,047.03 in 2019, marking a 216.19% change[25]. - The total assets at the end of 2020 were CNY 1,487,762,748.44, an increase of 100.61% from CNY 741,618,261.05 at the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were CNY 965,484,150.48, a substantial increase of 187.84% from CNY 335,420,768.01 at the end of 2019[25]. - The company achieved operating revenue of 557.21 million yuan in 2020, representing a year-on-year increase of 10.44%[27]. - Net profit attributable to shareholders decreased by 4.14% to 71.62 million yuan compared to the previous year[27]. - The company reported a total revenue of 11,347.89 million RMB, with a net profit of 2,109.00 million RMB, indicating a strong financial performance[85]. Dividend Policy - The company plans to distribute cash dividends of RMB 0.70 per 10 shares, totaling approximately RMB 7,193,200, which represents 10.04% of the net profit attributable to shareholders for 2020[7]. - The company has outlined a profit distribution plan that requires approval from the annual general meeting of shareholders[7]. - The cash dividend policy was strictly adhered to, with no adjustments made during the reporting period[173]. - The cash dividends for 2020 and 2019 were consistent at 10.04% of the net profit attributable to shareholders, indicating a stable dividend policy[176]. - The company does not plan to issue bonus shares or increase capital through reserves in the 2020 dividend proposal[174]. - The cash dividend distribution for 2020 is pending approval from the annual general meeting of shareholders[174]. - The total net profit attributable to shareholders for 2020 was RMB 71,624,793.66, supporting the proposed dividend distribution[176]. Research and Development - The company has increased its R&D investment as a percentage of operating revenue to 3.78%, up 0.31 percentage points from the previous year[26]. - The company applied for 11 new invention patents during the reporting period, focusing on breakthroughs in membrane technology for water treatment[29]. - The company has a total of 71 registered patents and software copyrights, including 4 domestic invention patents and 2 overseas invention patents[74]. - The company is currently working on 24 major R&D projects, with some projects entering the later stages of development and achieving partial industrialization of research results[80]. - The company has committed to a cash dividend policy, ensuring returns to investors as part of its three-year shareholder return plan[172]. - The company has maintained R&D investment at over 3% of revenue for the past three years, supporting key technological breakthroughs in water treatment[92]. - The company is focusing on the development of intelligent and digital management systems for membrane equipment manufacturing and operation[70]. Market Position and Strategy - The company aims to expand its market presence by selling reclaimed water and converting wastewater into commercially valuable products[16]. - The company is a leader in the domestic market for drinking water deep treatment and wastewater resource recovery, capable of providing full-scale water treatment solutions for plants with capacities of 200,000 tons/day or more[39]. - The company has established partnerships with key stakeholders in the water industry to enhance its service offerings and market reach[17]. - The company is focusing on the integration of membrane technology with other water treatment processes to enhance treatment efficiency and reduce land occupation[66]. - The company is actively pursuing market expansion and technological advancements in the water treatment sector, supported by national policies aimed at enhancing water resource management and pollution control[158]. - The company has identified a market opportunity of nearly RMB 100 billion in the water treatment sector due to the push for resource recycling and sustainable development[159]. Operational Performance - The company has established a comprehensive project management system to mitigate execution risks, although challenges remain[112]. - The company has successfully undertaken a drinking water deep treatment project with a daily processing capacity of 762,800 tons, and cumulative wastewater resource utilization projects with a daily processing capacity of approximately 1.3 million tons[102]. - The company has implemented 12 large-scale membrane filtration projects with a daily processing capacity of over 100,000 tons[94]. - The company has developed a digital twin platform for water plants, which has been successfully applied in multiple projects, marking a step towards commercialization[106]. - The company is implementing a customer-centric strategy, transitioning from project-centered to customer-centered operations to enhance client satisfaction and loyalty[167]. Risks and Challenges - The company is facing risks related to project execution, including potential delays and cost overruns due to unforeseen circumstances[112]. - The wastewater resource recovery business is primarily dependent on sales to large industrial enterprises, with revenue risks associated with industrial capacity fluctuations[113]. - The company is exposed to risks from increasing accounts receivable and reduced cash flow due to larger project scales and upfront investments[117]. - The company anticipates that investment in major infrastructure for drinking water and wastewater treatment will strengthen in the long term despite uncertainties from the COVID-19 pandemic[121]. Technological Innovations - The company has developed a core patented technology called the membrane universal platform technology, which is compatible with various ultrafiltration membrane components[15]. - The company is focusing on the development of high-quality recycled water through advanced treatment technologies[15]. - The company has launched a new generation of membrane water treatment products, aiming to enhance efficiency and reduce costs in water treatment operations[31]. - The company is recognized as a representative enterprise in the municipal wastewater deep treatment sector, with several projects exceeding a treatment capacity of 200,000 tons per day[63]. - The company has implemented a new dual-membrane technology (ultrafiltration + nanofiltration/reverse osmosis) for deep wastewater treatment, positioning itself as a leader in producing high-quality reclaimed water[64].

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].

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]. - Total profit for Q3 2020 was CNY 5,681,915.42, compared to CNY 8,045,452.66 in Q3 2019, reflecting a decrease of 29.5%[35]. - The net profit attributable to shareholders was CNY 4,548,421.01, down from CNY 6,819,072.23 in the same quarter last year, representing a decline of 33.3%[37]. - The total comprehensive income attributable to the parent company was CNY 4,548,421.01, compared to CNY 6,782,717.01 in Q3 2019, indicating a decrease of 33.0%[37]. - The company's total assets as of Q3 2020 were CNY 869,189.10, compared to CNY 714,233.70 in the previous quarter, showing an increase of 21.7%[34]. 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 equity remained stable at 342,765,491.44 RMB, with no significant changes reported[50]. - The total assets as of September 30, 2020, amounted to 1,260,674,369.75 RMB, compared to 741,618,261.05 RMB at the end of 2019, reflecting a significant growth[24]. - The company's cash and cash equivalents increased to 445,040,194.28 RMB as of September 30, 2020, up from 194,747,262.99 RMB at the end of 2019[24]. - The total liabilities increased from 372,482,419.66 RMB to 398,852,769.61 RMB, reflecting a rise of 26,370,349.95 RMB[49]. 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]. - 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 company reported a net cash inflow from financing activities of CNY 553,867,923.27 in Q3 2020, compared to CNY 2,376,293.46 in Q3 2019[42]. - The company's cash flow from investing activities was negative CNY 157,907,828.24 in the first three quarters of 2020, compared to negative CNY 2,132,195.82 in the same period of 2019[41]. 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]. Research and Development - Research and development expenses accounted for 4.21% of operating revenue, up from 3.88%[7]. - The company's R&D expenses for Q3 2020 were CNY 3,609,241.75, an increase of 67.5% from CNY 2,155,404.70 in Q3 2019[38]. Government Subsidies - The company reported a government subsidy of CNY 1,945,717.81 for the year-to-date 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]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]. - The company is in the process of establishing a joint venture, Beijing Beikong Jinke Desalination Technology Co., Ltd., with Beikong Water Investment Co., Ltd., to enhance its market presence in desalination technology[21].

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].